March 12, 2009
Flow of Funds Accounts of the United States
Annual Flows and Outstandings
1995-2004
Board of Governors of the Federal Reserve System, Washington D.C. 20551
Table of Contents
Title
Flows Table Page
Levels Table Page
Summaries
Total Net Borrowing and Lending in Credit Markets Credit Market Borrowing by Nonfinancial Sectors Credit Market Borrowing by Financial Sectors Credit Market Borrowing, All Sectors, by Instrument Total Liabilities and Its Relation to Total Financial Assets Distribution of Gross Domestic Product Distribution of National Income Saving and Investment Net Capital Transfers Derivation of Measures of Personal Saving F.1 F.2 F.3 F.4 F.5 F.6 F.7 F.8 F.9 F.10 1 2 2 3 3 4 5 6 6 7 L.10 53 L.1 L.2 L.3 L.4 L.5 50 51 51 52 52
Sectors
Households and Nonprofit Organizations Nonfinancial Business Nonfarm Nonfinancial Corporate Business Nonfarm Noncorporate Business Farm Business State and Local Governments Federal Government F.100 F.101 F.102 F.103 F.104 F.105 F.106 8 9 10 11 11 12 13 L.100 L.101 L.102 L.103 L.104 L.105 L.106 54 55 56 57 57 58 58
Title
Flows Table Page
Levels Table Page
Rest of the World Monetary Authority Commercial Banking U.S.-Chartered Commercial Banks Foreign Banking Offices in U.S. Bank Holding Companies Banks in U.S.-Affiliated Areas Savings Institutions Credit Unions Property-Casualty Insurance Companies Life Insurance Companies Private Pension Funds State and Local Government Employee Retirement Funds Federal Government Retirement Funds Money Market Mutual Funds Mutual Funds Closed-End and Exchange-Traded Funds Government-Sponsored Enterprises Agency- and GSE-backed Mortgage Pools Issuers of Asset-Backed Securities Finance Companies Real Estate Investment Trusts Security Brokers and Dealers Funding Corporations
F.107 F.108 F.109 F.110 F.111 F.112 F.113 F.114 F.115 F.116 F.117 F.118 F.119 F.120 F.121 F.122 F.123 F.124 F.125 F.126 F.127 F.128 F.129 F.130
14 15 16 17 18 19 19 20 21 21 22 22 23 23 24 24 24 25 25 26 26 27 28 28
L.107 L.108 L.109 L.110 L.111 L.112 L.113 L.114 L.115 L.116 L.117 L.118 L.119 L.120 L.121 L.122 L.123 L.124 L.125 L.126 L.127 L.128 L.129 L.130
59 60 61 62 63 64 64 65 66 66 67 67 68 68 69 69 69 70 70 71 71 72 73 73
Title
Flows Table Page
Levels Table Page
Instruments
Gold and Official Foreign Exchange Holdings SDR Certificates and Treasury Currency U.S. Deposits in Foreign Countries Net Interbank Transactions Checkable Deposits and Currency Time and Savings Deposits Money Market Mutual Fund Shares Federal Funds and Security Repurchase Agreements Open Market Paper Treasury Securities Agency- and GSE-backed Securities Municipal Securities and Loans Corporate and Foreign Bonds Corporate Equities Mutual Fund Shares Bank Loans Not Elsewhere Classified Other Loans and Advances Total Mortgages Home Mortgages Multifamily Residential Mortgages Commercial Mortgages Farm Mortgages Consumer Credit F.200 F.201 F.202 F.203 F.204 F.205 F.206 F.207 F.208 F.209 F.210 F.211 F.212 F.213 F.214 F.215 F.216 F.217 F.218 F.219 F.220 F.221 F.222 29 29 29 30 31 32 32 33 33 34 35 36 36 37 37 38 39 40 41 41 42 42 43 L.200 L.201 L.202 L.203 L.204 L.205 L.206 L.207 L.208 L.209 L.210 L.211 L.212 L.213 L.214 L.215 L.216 L.217 L.218 L.219 L.220 L.221 L.222 74 74 74 75 76 77 77 78 78 79 80 81 81 82 82 83 84 85 86 86 87 87 88
Title Trade Credit Security Credit Life Insurance and Pension Fund Reserves Taxes Payable by Businesses Proprietors' Equity in Noncorporate Business Total Miscellaneous Financial Claims Identified Miscellaneous Financial Claims - Part I Identified Miscellaneous Financial Claims - Part II Unidentified Miscellaneous Financial Claims Sector Discrepancies Instrument Discrepancies
Flows Table Page F.223 F.224 F.225 F.226 F.227 F.228 F.229 F.230 F.231 F.11 F.12 43 43 44 44 44 45 46 47 48 49 49
Levels Table Page L.223 L.224 L.225 L.226 L.227 L.228 L.229 L.230 L.231 88 88 89 89 89 90 91 92 93
Title
Balance Sheet Table Page
Reconciliation Table Page
Balance Sheet, Reconciliation, and Supplementary Tables
Households and Nonprofit Organizations Nonfarm Nonfinancial Corporate Business Nonfarm Noncorporate Business Consolidated Statement for Federal, State, and Local Governments Private Pension Funds: Defined Benefit Plans Private Pension Funds: Defined Contribution Plans Individual Retirement Accounts (IRAs) Balance Sheet of Households and Nonprofit Organizations with Equity Detail B.100 B.102 B.103 F.106.c F.118.b F.118.c F.225.i 94 95 96 100 102 102 102 R.100 R.102 R.103 L.106.c L.118.b L.118.c L.225.i 97 98 99 101 103 103 103
B.100.e
104
FFA, 1995-2004, March 12, 2009
1
F.1 Total Net Borrowing and Lending in Credit Markets (1)
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57
Total net borrowing Domestic nonfinancial sectors Household sector Nonfinancial corporate business Nonfarm noncorporate business Farm business State and local governments Federal government Rest of the world Financial sectors Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies Savings institutions Credit unions Life insurance companies Government-sponsored enterprises Agency- and GSE-backed mortgage pools ABS issuers Finance companies REITs Brokers and dealers Funding corporations Total net lending Domestic nonfinancial sectors Household sector Nonfinancial corporate business Nonfarm noncorporate business State and local governments Federal government Rest of the world Financial sectors Monetary authority Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies Banks in U.S.-affiliated areas Savings institutions Credit unions Property-casualty insurance companies Life insurance companies Private pension funds State and local govt. retirement funds Federal government retirement funds Money market mutual funds Mutual funds Closed-end funds Exchange-traded funds Government-sponsored enterprises Agency- and GSE-backed mortgage pools ABS issuers Finance companies REITs Brokers and dealers Funding corporations
1196.5 678.7 309.8 237.7 45.1 2.5 -60.8 144.4 78.3 439.5 22.5 11.2 -3.1 14.4 2.6 -0.1 -0.1 106.0 98.3 127.8 47.9 4.5 -5.0 34.9 1196.5 -97.4 23.5 -8.8 3.8 -91.4 -24.7 246.8 1047.1 12.7 265.9 186.5 75.4 -0.3 4.2 -7.6 16.2 21.5 100.0 16.9 31.1 3.4 86.5 52.5 8.5 0.0 95.3 98.3 110.7 59.5 1.4 90.1 -15.8
1335.8 733.8 336.4 199.9 69.0 4.2 -20.5 144.9 88.0 514.0 13.0 11.7 -0.7 2.0 25.5 0.1 1.1 90.4 141.0 114.6 54.7 11.9 -2.0 63.8 1335.8 69.9 105.9 -10.2 4.0 -33.7 3.9 379.6 886.3 12.3 187.5 119.6 63.3 3.9 0.7 19.9 25.5 22.5 69.6 -6.1 28.6 2.4 88.8 48.9 2.9 0.0 97.3 141.0 100.2 42.6 4.4 -15.7 13.8
1457.6 813.6 300.9 333.9 97.7 7.3 50.8 23.1 69.9 574.1 46.1 29.5 -2.4 19.0 19.7 0.1 0.2 99.1 114.6 137.3 29.3 39.6 8.1 79.9 1457.6 -25.6 -32.4 -7.2 2.6 0.1 11.3 259.6 1223.7 38.3 324.3 274.9 40.2 5.4 3.7 -4.7 16.8 25.2 104.8 44.5 59.9 1.8 87.5 80.9 -1.1 0.0 106.7 114.6 114.4 23.7 20.2 14.9 51.1
2071.0 1007.0 426.0 383.2 175.5 8.1 66.8 -52.6 37.2 1026.8 72.9 52.8 -4.8 24.9 52.2 0.6 0.7 278.9 192.7 258.1 60.9 62.7 7.2 40.0 2071.0 140.0 28.8 -17.0 12.9 109.7 5.6 168.5 1762.4 21.1 305.6 312.1 -11.6 -0.9 6.0 37.0 18.9 5.8 76.9 -7.1 63.2 2.7 248.6 127.3 4.9 0.0 317.3 192.7 252.3 92.0 -5.1 6.8 1.5
2089.5 1043.2 495.0 383.7 195.2 3.3 37.3 -71.2 19.0 1027.4 67.2 41.8 -0.4 25.8 48.0 2.2 0.7 318.8 274.6 153.7 75.5 12.3 -17.2 91.6 2089.5 118.3 39.5 -24.2 -3.1 101.9 4.3 146.4 1824.8 25.7 312.2 318.6 -17.0 6.2 4.4 67.2 27.5 -3.0 53.5 107.2 45.5 2.9 184.9 48.4 9.6 0.0 287.3 274.6 174.4 133.8 1.5 -34.7 106.3
1735.1 864.8 583.5 361.9 196.4 2.0 16.9 -295.9 63.0 807.3 60.0 36.8 -0.0 23.2 40.8 0.0 -0.7 235.2 199.7 169.5 86.3 2.6 15.6 -1.6 1735.1 37.7 -69.6 26.5 2.1 70.7 8.1 242.2 1455.2 33.7 371.5 353.1 23.9 -12.2 6.7 56.2 28.0 -8.7 57.9 -125.0 36.3 2.1 138.3 26.3 -5.6 0.0 246.0 199.7 156.5 155.3 -5.3 68.9 23.2
2015.8 1152.7 672.2 212.8 161.5 6.4 105.5 -5.6 -11.2 874.2 52.9 30.2 -0.9 23.6 -0.0 1.5 0.6 304.1 338.5 264.6 10.9 3.2 1.4 -103.6 2015.8 -7.4 -107.6 -4.7 7.1 93.9 3.9 299.2 1723.9 39.9 207.1 193.5 -0.6 4.2 10.0 44.7 41.5 9.0 130.9 -36.0 -53.8 9.7 267.3 126.6 3.2 0.0 304.7 338.5 251.8 68.9 8.6 92.4 -131.1
2384.9 1412.3 830.8 22.9 149.8 7.1 144.1 257.6 93.4 879.2 49.7 29.9 -0.4 20.3 -23.1 2.0 2.0 219.8 326.8 221.2 66.2 26.9 -1.7 -10.7 2384.9 150.0 30.8 25.8 -0.8 86.2 8.0 467.2 1767.6 77.7 404.8 394.2 6.2 3.1 1.3 33.4 44.2 39.9 233.0 -8.6 -50.7 12.7 -17.7 138.7 8.6 3.7 224.1 326.8 227.9 121.8 22.2 28.4 -103.2
2786.3 1677.4 984.1 87.3 91.6 -1.6 120.1 396.0 42.4 1066.6 48.5 13.2 -0.1 35.4 35.3 2.2 2.9 250.9 330.6 248.6 111.1 32.1 6.4 -2.0 2786.3 112.7 58.7 -3.2 1.5 58.3 -2.6 582.8 2090.9 37.2 333.7 353.0 -38.5 8.6 10.6 127.3 51.2 67.0 180.6 69.2 18.8 6.0 -95.9 138.0 35.5 0.7 241.0 330.6 240.1 176.2 26.2 79.6 27.6
3126.0 1993.5 1061.1 204.0 245.2 6.0 115.4 361.9 154.7 977.8 78.4 18.7 0.1 59.5 91.4 2.3 3.0 75.0 47.9 437.3 134.3 95.1 15.2 -2.2 3126.0 354.9 237.5 31.1 11.5 72.4 2.3 854.4 1916.7 51.2 610.3 573.5 23.0 -0.0 13.9 103.5 39.8 73.6 173.0 -0.3 17.8 4.7 -124.9 116.6 11.0 3.8 48.9 47.9 427.9 207.2 87.5 -29.2 46.6
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57
(1) Excludes corporate equities and mutual fund shares.
2
FFA, 1995-2004, March 12, 2009
F.2 Credit Market Borrowing by Nonfinancial Sectors
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29
Domestic By instrument Commercial paper Treasury securities Agency- and GSE-backed securities Municipal securities Corporate bonds Bank loans n.e.c. Other loans and advances Mortgages Home Multifamily residential Commercial Farm Consumer credit By sector Household sector Nonfinancial business Corporate Nonfarm noncorporate Farm State and local governments Federal government Foreign borrowing in U.S. Commercial paper Bonds Bank loans n.e.c. Other loans and advances Domestic and foreign
678.7 678.7 18.1 142.9 1.5 -57.6 104.2 103.7 36.7 182.2 167.9 4.6 7.9 1.8 147.0 678.7 309.8 285.3 237.7 45.1 2.5 -60.8 144.4 78.3 13.5 56.9 8.5 -0.5 757.1
733.8 733.8 -0.9 146.6 -1.6 -6.5 128.0 70.4 30.4 261.8 223.6 9.7 25.7 2.7 105.7 733.8 336.4 273.0 199.9 69.0 4.2 -20.5 144.9 88.0 11.3 66.6 9.1 1.0 821.8
813.6 813.6 13.7 23.2 -0.1 56.9 181.1 106.4 63.3 298.8 234.8 7.0 52.9 4.1 70.3 813.6 300.9 438.8 333.9 97.7 7.3 50.8 23.1 69.9 3.7 59.6 8.5 -1.8 883.6
1007.0 1007.0 24.4 -54.6 2.0 84.2 214.9 107.6 69.2 462.2 356.7 25.4 75.5 4.6 97.1 1007.0 426.0 566.8 383.2 175.5 8.1 66.8 -52.6 37.2 7.8 28.8 6.6 -6.0 1044.2
1043.2 1043.2 37.4 -71.0 -0.2 54.4 225.9 77.3 35.5 571.6 428.3 39.1 100.1 4.1 112.4 1043.2 495.0 582.1 383.7 195.2 3.3 37.3 -71.2 19.0 16.3 7.9 0.5 -5.7 1062.1
864.8 864.8 48.1 -294.9 -1.0 23.6 164.0 95.1 96.6 556.6 427.2 26.9 105.0 -2.5 176.5 864.8 583.5 560.3 361.9 196.4 2.0 16.9 -295.9 63.0 31.7 21.2 11.4 -1.3 927.8
1152.7 1152.7 -83.1 -5.1 -0.5 122.8 343.4 -87.2 5.6 706.2 551.8 40.3 110.3 3.8 150.7 1152.7 672.2 380.6 212.8 161.5 6.4 105.5 -5.6 -11.2 18.3 -18.5 -7.3 -3.8 1141.6
1412.3 1412.3 -57.9 257.1 0.5 159.4 133.4 -106.6 27.6 890.9 756.6 36.9 90.5 6.9 107.9 1412.3 830.8 179.8 22.9 149.8 7.1 144.1 257.6 93.4 58.8 31.6 5.3 -2.3 1505.7
1677.4 1677.4 -37.3 398.4 -2.4 137.6 152.2 -77.0 10.2 991.3 801.9 71.4 119.4 -1.3 104.4 1677.4 984.1 177.2 87.3 91.6 -1.6 120.1 396.0 42.4 18.3 28.7 -2.5 -2.1 1719.8
1993.5 1993.5 15.3 362.5 -0.6 130.5 75.5 10.8 58.1 1226.4 1025.3 48.4 150.0 2.7 115.0 1993.5 1061.1 455.2 204.0 245.2 6.0 115.4 361.9 154.7 68.7 85.8 3.8 -3.6 2148.3
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29
F.3 Credit Market Borrowing by Financial Sectors
Billions of dollars
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 By instrument Open market paper GSE issues Agency- and GSE-backed mortgage pool sec. Corporate bonds Bank loans n.e.c. Other loans and advances Mortgages By sector Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies Savings institutions Credit unions Life insurance companies Government-sponsored enterprises Agency- and GSE-backed mortgage pools ABS issuers Finance companies REITs Brokers and dealers Funding corporations 439.5 42.7 106.0 98.3 181.2 2.5 3.4 5.3 439.5 22.5 11.2 -3.1 14.4 2.6 -0.1 -0.1 106.0 98.3 127.8 47.9 4.5 -5.0 34.9 514.0 92.2 90.4 141.0 141.9 12.6 27.9 7.9 514.0 13.0 11.7 -0.7 2.0 25.5 0.1 1.1 90.4 141.0 114.6 54.7 11.9 -2.0 63.8 574.1 166.7 99.1 114.6 130.0 13.3 35.6 14.9 574.1 46.1 29.5 -2.4 19.0 19.7 0.1 0.2 99.1 114.6 137.3 29.3 39.6 8.1 79.9 1026.8 161.0 278.9 192.7 246.8 32.3 90.2 24.8 1026.8 72.9 52.8 -4.8 24.9 52.2 0.6 0.7 278.9 192.7 258.1 60.9 62.7 7.2 40.0 1027.4 176.2 318.8 274.6 151.7 -7.9 107.1 6.9 1027.4 67.2 41.8 -0.4 25.8 48.0 2.2 0.7 318.8 274.6 153.7 75.5 12.3 -17.2 91.6 807.3 131.7 235.2 199.7 173.0 20.4 42.5 4.9 807.3 60.0 36.8 -0.0 23.2 40.8 0.0 -0.7 235.2 199.7 169.5 86.3 2.6 15.6 -1.6 874.2 -126.9 304.1 338.5 310.1 20.7 25.5 2.2 874.2 52.9 30.2 -0.9 23.6 -0.0 1.5 0.6 304.1 338.5 264.6 10.9 3.2 1.4 -103.6 879.2 -99.9 219.8 326.8 393.4 21.4 6.8 11.0 879.2 49.7 29.9 -0.4 20.3 -23.1 2.0 2.0 219.8 326.8 221.2 66.2 26.9 -1.7 -10.7 1066.6 -62.9 250.9 330.6 486.4 22.1 31.2 8.2 1066.6 48.5 13.2 -0.1 35.4 35.3 2.2 2.9 250.9 330.6 248.6 111.1 32.1 6.4 -2.0 977.8 22.2 75.0 47.9 672.3 60.4 74.1 25.9 977.8 78.4 18.7 0.1 59.5 91.4 2.3 3.0 75.0 47.9 437.3 134.3 95.1 15.2 -2.2 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23
FFA, 1995-2004, March 12, 2009
3
F.4 Credit Market Borrowing, All Sectors, by Instrument
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10
Total Open market paper Treasury securities Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds Bank loans n.e.c. Other loans and advances Mortgages Consumer credit Memo: Funds raised through corporate equities and mutual fund shares
1196.5 74.3 142.9 205.8 -57.6 342.3 114.7 39.7 187.5 147.0
1335.8 102.6 146.6 229.8 -6.5 336.5 92.1 59.4 269.6 105.7
1457.6 184.1 23.2 213.6 56.9 370.7 128.2 97.0 313.7 70.3
2071.0 193.1 -54.6 473.6 84.2 490.6 146.5 153.4 487.0 97.1
2089.5 229.9 -71.0 593.1 54.4 385.5 69.8 136.9 578.5 112.4
1735.1 211.6 -294.9 433.9 23.6 358.2 126.9 137.8 561.5 176.5
2015.8 -191.6 -5.1 642.1 122.8 635.0 -73.9 27.3 708.4 150.7
2384.9 -99.1 257.1 547.2 159.4 558.3 -79.8 32.0 901.8 107.9
2786.3 -82.0 398.4 579.1 137.6 667.3 -57.4 39.3 999.5 104.4
3126.0 106.2 362.5 122.3 130.5 833.5 75.1 128.6 1252.3 115.0
1 2 3 4 5 6 7 8 9 10
11 12 13 14 15 16
Total net issues Corporate equities Nonfinancial Foreign shares purchased by U.S. residents Financial Mutual fund shares
148.3 0.9 -58.3 65.4 -6.2 147.4
251.8 14.3 -47.3 82.8 -21.3 237.6
217.4 -47.7 -77.4 57.6 -27.9 265.1
168.9 -110.6 -215.5 101.4 3.5 279.5
196.9 5.7 -110.4 114.3 1.7 191.2
243.0 5.4 -118.2 106.7 16.9 237.6
305.8 100.9 -48.1 109.1 39.9 204.9
228.3 47.2 -41.4 17.0 71.6 181.1
431.8 143.1 -41.1 118.0 66.2 288.6
377.0 78.8 -124.4 84.8 118.5 298.2
11 12 13 14 15 16
F.5 Net Increase in Liabilities and Its Relation to Net Acquisition of Financial Assets
Billions of dollars
Net flows through credit markets (from table F.4, line 1) Official foreign exchange SDR certificates Treasury currency Foreign deposits Net interbank transactions Checkable deposits and currency Small time and savings deposits Large time deposits Money market fund shares Security RPs Corporate equities Mutual fund shares Trade payables Security credit Life insurance reserves Pension fund reserves Taxes payable Noncorporate proprietors’ equity Miscellaneous Total financial sources - Liabilities not identified as assets: Treasury currency Foreign deposits Net interbank liabilities Security RPs Taxes payable Miscellaneous - Floats not included in assets: Checkable deposits: Federal govt. Other Trade credit Totals identified to sectors as assets
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21
1196.5 8.8 2.2 0.7 35.3 10.1 -28.8 112.6 65.6 141.2 102.0 0.9 147.4 122.2 26.7 45.8 176.8 5.0 24.9 488.7 2684.5
1335.8 -6.3 -0.5 0.5 85.9 -51.7 -11.0 123.9 114.0 145.4 38.0 14.3 237.6 110.7 52.4 44.5 151.6 14.7 -5.2 531.4 2925.9
1457.6 0.7 -0.5 0.5 107.7 -19.6 8.8 129.5 122.5 155.9 101.0 -47.7 265.1 127.6 111.0 59.3 213.4 18.4 -61.8 466.7 3216.0
2071.0 6.6 0.0 0.6 9.1 -31.8 11.1 189.3 91.8 285.4 44.3 -110.6 279.5 104.6 103.2 48.0 282.0 12.6 -83.8 950.5 4263.3
2089.5 -8.7 -3.0 1.0 48.9 18.1 112.0 83.8 131.1 251.7 128.0 5.7 191.2 255.7 104.4 50.8 182.9 19.2 -86.3 1167.2 4743.1
1735.1 -0.4 -4.0 2.4 126.9 12.0 -113.5 231.0 116.2 232.5 74.4 5.4 237.6 393.2 146.1 50.2 271.6 21.8 -35.1 1396.2 4899.7
2015.8 4.3 0.0 1.3 6.8 -28.0 110.6 314.6 68.5 428.5 43.3 100.9 204.9 -84.4 3.1 77.2 266.3 11.4 -19.0 657.5 4183.4
2384.9 3.2 0.0 1.0 21.0 17.4 -7.9 325.4 50.0 -16.7 96.3 47.2 181.1 86.7 -87.0 60.1 262.9 1.2 -85.8 468.1 3809.1
2786.3 -0.9 0.0 0.6 36.0 -14.5 84.5 307.4 55.8 -207.5 213.6 143.1 288.6 22.4 120.0 66.8 258.5 -0.3 29.6 438.9 4628.8
3126.0 -3.2 0.0 0.7 89.9 19.4 85.4 281.6 252.9 -136.5 84.6 78.8 298.2 194.5 179.4 33.1 288.4 25.1 53.7 1619.9 6571.7
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21
22 23 24 25 26 27
-0.3 25.0 -3.0 16.8 21.6 -228.7
-0.4 59.4 -3.4 -1.3 19.2 -199.0
-0.1 106.2 -19.8 42.9 28.1 -381.2
-0.2 -5.7 3.8 14.4 18.7 -126.4
-0.7 34.0 3.2 -2.4 7.0 -219.9
-1.2 76.4 17.3 103.5 28.5 -310.2
-0.1 -12.9 17.2 -31.6 17.0 -211.3
-0.6 21.5 7.2 25.7 -1.2 -30.8
-0.3 52.8 -4.3 -39.0 -41.9 33.0
-0.3 61.9 14.9 -143.5 -23.6 39.5
22 23 24 25 26 27
28 29 30
-6.0 -3.8 3.6
0.5 -4.0 -28.1
-2.7 -3.9 -23.1
2.6 -3.1 -18.6
-7.4 -0.8 14.7
9.0 -0.3 15.0
-40.0 -0.5 7.2
-1.6 -0.7 164.9
-8.9 -0.0 23.1
27.9 -0.8 11.2
28 29 30
31
2859.3
3083.2
3469.7
4377.9
4915.4
4961.6
4438.5
3624.7
4614.1
6584.6
31
4
FFA, 1995-2004, March 12, 2009
F.6 Distribution of Gross Domestic Product (1)
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
Gross Domestic Product (GDP) Personal consumption expenditures (2) Durable goods Nondurable goods Services Gross private domestic investment Fixed investment Nonresidential Household sector (nonprofit organizations) Nonfinancial corporate business Nonfarm noncorporate business Farm business Financial corporations Residential Household sector Nonfinancial corporate business Nonfarm noncorporate business REITs Change in private inventories Nonfinancial corporate business Nonfarm noncorporate business Farm business Net U.S. exports of goods and services Exports - Imports Government consumption expenditures and gross investment Consumption expenditures (3) Federal State and local Gross investment (3) Federal State and local Memo:
7397.7 4975.8 611.6 1485.1 2879.1 1144.0 1112.9 810.0 46.2 574.3 96.1 21.6 71.8 302.8 254.9 2.6 42.6 2.7 31.1 40.1 2.1 -11.1 -91.4 812.2 903.6
7816.9 5256.8 652.6 1555.5 3048.7 1240.3 1209.5 875.4 48.8 617.7 91.5 23.1 94.3 334.1 280.9 2.5 46.3 4.4 30.8 21.0 1.1 8.6 -96.2 868.6 964.8
8304.3 5547.4 692.7 1619.0 3235.8 1389.8 1317.8 968.7 62.2 673.8 72.2 26.5 134.0 349.1 293.3 2.7 41.8 11.3 72.0 65.3 3.4 3.2 -101.6 955.3 1056.9
8747.0 5879.5 750.2 1683.6 3445.7 1509.1 1438.4 1052.5 69.9 711.8 84.7 26.4 159.7 385.8 330.0 2.7 41.7 11.4 70.8 65.9 3.5 1.4 -159.9 955.9 1115.9
9268.4 6282.5 817.6 1804.8 3660.0 1625.6 1558.8 1133.9 70.9 802.4 126.4 22.5 111.7 424.9 359.7 3.2 60.1 1.8 66.9 66.1 3.5 -2.7 -260.5 991.2 1251.7
9817.0 6739.4 863.3 1947.2 3928.8 1735.5 1679.0 1232.1 76.7 878.7 149.3 24.9 102.5 446.9 373.6 3.4 66.1 3.9 56.5 54.9 2.9 -1.3 -379.5 1096.3 1475.8
10128.0 7055.0 883.7 2017.1 4154.3 1614.3 1646.1 1176.8 80.6 837.7 132.1 26.6 99.8 469.3 398.2 3.6 63.4 4.1 -31.7 -30.1 -1.6 -0.0 -367.0 1032.8 1399.8
10469.6 7350.7 923.9 2079.6 4347.2 1582.1 1570.2 1066.3 84.9 730.8 113.7 28.7 108.3 503.9 427.7 3.7 68.0 4.5 11.9 13.6 0.7 -2.5 -424.4 1005.9 1430.3
10960.8 7703.6 942.7 2190.2 4570.8 1664.1 1649.8 1077.4 91.2 743.5 116.2 28.4 98.1 572.4 492.7 4.0 76.0 -0.4 14.3 13.2 0.7 0.4 -499.4 1040.8 1540.2
11685.9 8195.9 983.9 2343.7 4868.3 1888.6 1830.0 1154.5 98.3 783.9 105.9 31.5 134.9 675.5 574.3 4.4 89.1 7.7 58.6 48.0 2.5 8.0 -615.4 1182.4 1797.8
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
26 27 28 29 30 31 32
1369.2 1136.5 440.5 696.0 232.7 78.8 154.0
1416.0 1171.1 446.3 724.8 244.9 81.1 163.8
1468.7 1216.6 457.7 758.9 252.2 73.2 178.9
1518.3 1256.0 454.6 801.4 262.4 75.8 186.5
1620.8 1334.0 475.1 858.9 286.8 80.7 206.0
1721.6 1417.1 499.3 917.8 304.5 79.5 225.0
1825.6 1501.6 531.9 969.8 324.0 81.0 243.0
1961.1 1616.9 591.5 1025.3 344.3 88.1 256.1
2092.5 1736.5 662.7 1073.8 356.0 93.7 262.2
2216.8 1844.0 723.7 1120.3 372.8 101.9 270.9
26 27 28 29 30 31 32
33 34 35
Net U.S. income receipts from rest of the world U.S. income receipts - U.S. income payments Gross National Product (GNP) = GDP + net U.S. income receipts
35.8 233.9 198.1
35.0 248.7 213.7
32.9 286.7 253.7
21.3 287.1 265.8
33.8 320.8 287.0
38.9 382.7 343.7
43.6 322.4 278.8
30.6 305.7 275.0
56.8 336.8 280.0
76.2 437.5 361.3
33 34 35
36
7433.4
7851.9
8337.3
8768.3
9302.2
9855.9
10171.6
10500.2
11017.6
11762.1
36
(1) This table is based on NIPA table 1.1.5 in the Survey of Current Business, Department of Commerce. (2) Component of personal outlays, found on table F.100, line 4. (3) Government inventory investment is included in consumption expenditures.
FFA, 1995-2004, March 12, 2009
5
F.7 Distribution of National Income (1)
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5
National Income Compensation of employees Wages and other labor income Employer social insurance contributions Wage accruals less disbursements Proprietors’ income with inventory valuation and capital consumption adjustments Nonfarm Farm Rental income of persons (with capital consumption adjustment) Corporate profits with inventory valuation and capital consumption adjustments Corporate profits with inventory valuation adjustment Profits before tax Domestic nonfinancial Farm Rest of the world Domestic financial Less: Taxes on corporate income Domestic nonfinancial Farm Domestic financial Equals: Profits after tax Net dividends Domestic nonfinancial Farm Rest of the world Domestic financial Undistributed profits Domestic nonfinancial Farm Rest of the world Domestic financial Inventory valuation adjustment Capital consumption adjustment Domestic nonfinancial Farm Domestic financial Net interest and miscellaneous payments Taxes on production and imports Less: Subsidies Business current transfer payments (net) Current surplus of government enterprises Memo: Calculation of Gross Domestic Product from National Income: (2)
6453.9 4193.3 3912.9 264.0 16.4
6840.1 4390.5 4112.0 274.9 3.6
7292.2 4661.7 4375.1 289.5 -2.9
7752.8 5019.4 4713.1 307.0 -0.7
8236.6 5357.1 5028.6 323.3 5.2
8795.2 5782.7 5439.1 343.5 0.0
8979.8 5942.1 5585.5 356.6 0.0
9229.3 6091.2 5725.9 365.2 0.0
9632.3 6325.4 5928.3 382.1 15.0
10306.8 6656.4 6263.1 408.3 -15.0
1 2 3 4 5
6 7 8 9
492.1 469.5 22.7 122.1
543.2 505.9 37.3 131.5
576.0 541.8 34.2 128.8
627.8 598.4 29.4 137.5
678.3 649.7 28.6 147.3
728.4 705.7 22.7 150.3
771.9 752.2 19.7 167.4
768.4 757.8 10.6 152.9
811.3 782.1 29.2 133.0
911.6 874.3 37.3 118.4
6 7 8 9
10
696.7
786.2
868.5
801.6
851.3
817.9
767.3
886.3
993.1
1231.2
10
11 12 13 14 15 16
656.0 674.3 418.7 0.6 92.8 162.2
736.1 733.0 457.2 1.4 101.9 172.6
812.3 798.2 492.6 1.6 110.9 193.0
738.5 718.3 449.1 0.3 103.0 165.9
776.8 775.9 456.7 1.3 121.5 196.4
759.3 773.4 421.9 1.9 145.7 203.8
719.2 707.9 309.9 0.8 169.7 227.6
766.2 768.4 336.4 -0.1 155.8 276.4
894.5 908.1 424.3 1.1 165.5 317.3
1161.6 1204.7 660.1 2.3 193.4 348.9
11 12 13 14 15 16
17 18 19 20
218.7 140.6 0.4 77.6
231.7 152.6 0.5 78.6
246.1 161.4 0.5 84.2
248.3 158.2 0.4 89.7
258.6 170.8 0.5 87.4
265.2 169.7 0.5 94.9
204.1 111.4 0.3 92.4
192.6 96.6 0.5 95.6
243.3 135.1 0.5 107.6
307.4 190.2 0.8 116.4
17 18 19 20
21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41
455.6 254.2 176.9 1.1 32.6 43.6 201.4 101.3 -1.0 60.2 41.0 -18.3 40.7 50.3 1.2 -10.8 367.1 558.2 34.0 46.9 11.4
501.4 297.6 196.5 1.0 40.3 59.8 203.8 108.1 -0.1 61.6 34.3 3.1 50.1 60.5 1.1 -11.5 376.2 581.1 34.3 53.1 12.7
552.1 334.5 214.2 1.7 50.6 68.0 217.6 117.0 -0.6 60.3 40.8 14.1 56.2 63.9 1.1 -8.8 415.6 612.0 32.9 49.9 12.6
470.0 351.6 239.6 1.4 42.5 68.2 118.3 51.3 -1.6 60.5 8.1 20.2 63.1 67.6 1.1 -5.6 487.1 639.8 35.4 64.7 10.3
517.2 337.4 222.7 1.9 41.7 71.0 179.9 63.2 -1.1 79.8 38.0 1.0 74.5 77.5 1.1 -4.2 495.4 674.0 44.2 67.4 10.1
508.2 377.9 249.7 1.7 29.5 97.1 130.3 2.5 -0.2 116.2 11.7 -14.1 58.6 65.3 1.3 -8.0 559.0 708.9 44.3 87.1 5.3
503.8 370.9 243.5 1.9 40.9 84.6 132.9 -45.0 -1.5 128.8 50.5 11.3 48.1 34.7 0.5 12.9 566.3 728.6 55.3 92.8 -1.4
575.8 399.2 252.7 2.1 47.9 96.5 176.6 -13.0 -2.6 108.0 84.3 -2.2 120.1 94.5 0.8 24.8 520.9 762.8 38.4 84.3 0.9
664.8 424.7 290.6 2.1 32.0 100.1 240.0 -1.4 -1.5 133.5 109.6 -13.6 98.7 80.3 0.0 18.3 524.7 807.2 47.9 83.8 1.7
897.3 539.5 364.2 2.8 47.8 124.7 357.8 105.7 -1.3 145.6 107.8 -43.1 69.7 62.4 0.0 7.3 491.2 863.8 44.6 83.0 -4.2
21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41
42
National Income, from line 1 above Plus: Private consumption of fixed capital Government consumption of fixed capital Statistical discrepancy Less: Net U.S. income receipts from rest of the world Equals: Gross Domestic Product
6453.9
6840.1
7292.2
7752.8
8236.6
8795.2
8979.8
9229.3
9632.3
10306.8
42
43 44 45
713.3 165.0 101.2
748.8 169.3 93.7
800.3 174.1 70.7
851.2 179.0 -14.6
914.3 187.0 -35.7
990.8 197.0 -127.2
1075.5 206.0 -89.6
1080.3 211.6 -21.0
1118.3 218.2 48.8
1206.0 230.2 19.2
43 44 45
46
35.8
35.0
32.9
21.3
33.8
38.9
43.6
30.6
56.8
76.2
46
47
7397.7
7816.9
8304.3
8747.0
9268.4
9817.0
10128.0
10469.6
10960.8
11685.9
47
(1) This table corresponds to NIPA table 1.12 in the Survey of Current Business, Department of Commerce. (2) The relationship of National Income to Gross Domestic Product is shown on NIPA table 1.7.5 in the Survey of Current Business, Department of Commerce.
6
FFA, 1995-2004, March 12, 2009
F.8 Saving and Investment (1)
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19
Gross saving Net saving Net private saving Personal saving Undistributed corporate profits w/IVA & CCA Undistributed profits Inventory valuation adjustment Capital consumption adjustment Wage accruals less disbursements Net government saving Federal State and local Consumption of fixed captal Private Domestic business Households and institutions Government Federal State and local Gross domestic investment, capital account transactions, and net lending, NIPAs Gross domestic investment Gross private domestic investment Fixed investment Nonresidential Residential Change in private inventories Gross government investment Capital account transactions (net) Net lending or net borrowing (-), NIPAs Statistical discrepancy (line 20 less line 1)
1184.6 306.2 491.1 250.9 223.8 201.4 -18.3 40.7 16.4 -184.9 -197.0 12.0 878.4 713.3 600.2 113.2 165.0 81.9 83.1
1291.1 373.0 489.0 228.4 256.9 203.8 3.1 50.1 3.6 -116.0 -141.8 25.8 918.1 748.8 630.7 118.2 169.3 82.0 87.2
1461.1 486.6 503.3 218.3 287.9 217.6 14.1 56.2 -2.9 -16.7 -55.8 39.1 974.4 800.3 675.2 125.1 174.1 82.5 91.6
1598.7 568.6 477.8 276.8 201.7 118.3 20.2 63.1 -0.7 90.8 38.8 52.0 1030.2 851.2 718.3 132.9 179.0 82.8 96.2
1674.3 573.0 419.0 158.6 255.3 179.9 1.0 74.5 5.2 154.0 103.6 50.4 1101.3 914.3 769.8 144.5 187.0 84.8 102.1
1770.5 582.7 343.3 168.5 174.8 130.3 -14.1 58.6 0.0 239.4 189.5 50.0 1187.8 990.8 836.1 154.8 197.0 87.2 109.8
1657.6 376.1 324.6 132.3 192.3 132.9 11.3 48.1 0.0 51.5 46.7 4.8 1281.5 1075.5 903.7 171.7 206.0 88.2 117.8
1489.1 197.1 479.2 184.7 294.5 176.6 -2.2 120.1 0.0 -282.1 -247.9 -34.2 1292.0 1080.3 893.6 186.8 211.6 88.9 122.7
1459.0 122.5 515.0 174.9 325.1 240.0 -13.6 98.7 15.0 -392.5 -372.1 -20.4 1336.5 1118.3 916.6 201.7 218.2 90.4 127.8
1618.1 182.0 551.1 181.7 384.4 357.8 -43.1 69.7 -15.0 -369.1 -370.6 1.5 1436.1 1206.0 970.2 235.8 230.2 94.0 136.1
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19
20 21 22 23 24 25 26 27 28 29 30
1285.7 1376.7 1144.0 1112.9 810.0 302.8 31.1 232.7 0.9 -91.9 101.2
1384.8 1485.2 1240.3 1209.5 875.4 334.1 30.8 244.9 0.7 -101.0 93.7
1531.7 1641.9 1389.8 1317.8 968.7 349.1 72.0 252.2 1.0 -111.3 70.7
1584.1 1771.5 1509.1 1438.4 1052.5 385.8 70.8 262.4 0.7 -188.1 -14.6
1638.5 1912.4 1625.6 1558.8 1133.9 424.9 66.9 286.8 4.8 -278.7 -35.7
1643.3 2040.0 1735.5 1679.0 1232.1 446.9 56.5 304.5 0.8 -397.4 -127.2
1567.9 1938.3 1614.3 1646.1 1176.8 469.3 -31.7 324.0 1.1 -371.5 -89.6
1468.1 1926.4 1582.1 1570.2 1066.3 503.9 11.9 344.3 1.4 -459.7 -21.0
1507.8 2020.0 1664.1 1649.8 1077.4 572.4 14.3 356.0 3.2 -515.5 48.8
1637.3 2261.4 1888.6 1830.0 1154.5 675.5 58.6 372.8 2.4 -626.5 19.2
20 21 22 23 24 25 26 27 28 29 30
(1) This table corresponds to NIPA table 5.1 in the Survey of Current Business, Department of Commerce.
F.9 Net Capital Transfers (1)
Billions of dollars
1 2 3 4 5 6 7 8 9 10 11 12 13 Capital transfers received by government (net) Federal Estate and gift taxes paid by persons - Capital transfers paid to persons - Capital transfers paid to the rest of the world (net) - Federal investment grants to state and local govts. - Capital transfers paid to business State and local Estate and gift taxes paid by persons + Federal investment grants to state and local govts. Capital transfers received by rest of the world (net) Capital transfers received from U.S. government (net) - Migrants’ transfers received by persons (net) Memo: Acquisition of nonproduced nonfinancial assets (net) Nonfinancial corporate business State and local governments Federal governments Rest of the world 19.6 -12.8 14.9 0.0 0.4 27.3 0.0 32.4 5.1 27.3 1.1 0.4 -0.7 23.1 -10.7 17.5 0.0 0.0 28.2 0.0 33.9 5.6 28.2 0.6 0.0 -0.6 26.8 -8.5 20.6 0.0 0.2 28.9 0.0 35.3 6.4 28.9 1.0 0.2 -0.8 32.4 -3.6 25.2 0.0 0.0 28.8 0.0 36.0 7.2 28.8 0.8 0.0 -0.7 32.5 -7.4 28.8 0.0 4.2 31.9 0.0 39.9 7.9 31.9 4.9 4.2 -0.7 35.6 -8.1 28.1 0.0 0.0 36.2 0.0 43.7 7.5 36.2 0.8 0.0 -0.8 35.7 -12.9 28.0 0.0 0.0 40.8 0.0 48.6 7.8 40.8 1.1 0.0 -1.1 29.0 -23.1 25.3 3.6 0.2 44.6 0.0 52.1 7.4 44.6 1.4 0.2 -1.2 11.2 -40.4 22.0 14.8 1.9 45.5 0.2 51.6 6.1 45.5 3.4 1.9 -1.5 13.6 -38.4 24.6 16.1 0.7 46.3 0.0 52.1 5.8 46.3 2.4 0.7 -1.7 1 2 3 4 5 6 7 8 9 10 11 12 13
14 15 16 17
0.6 6.6 -7.4 0.2
-2.3 6.1 -3.8 -0.0
1.9 5.8 -7.6 -0.1
-1.9 7.5 -5.6 0.0
-7.7 8.6 -0.9 0.0
-8.5 8.8 -0.3 0.0
-8.6 9.2 -0.7 0.0
-10.9 10.6 0.3 0.1
-10.8 10.9 -0.2 0.2
-10.6 10.5 0.0 0.0
14 15 16 17
(1) This table is based on NIPA table 5.10 in the Survey of Current Business, Department of Commerce.
FFA, 1995-2004, March 12, 2009
7
F.10 Derivation of Measures of Personal Saving (1)
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44
Net acquisition of financial assets Foreign deposits Checkable deposits and currency Time and savings deposits Money market fund shares Securities Open market paper U.S. savings bonds Other Treasury securities Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds Corporate equities (2) Mutual fund shares Life insurance reserves Pension fund reserves Miscellaneous and other assets Gross investment in tangible assets Residential fixed investment Other fixed assets (3) Consumer durables Inventories (3) Consumption of fixed capital Residential fixed investment Other fixed assets (3) Consumer durables Net investment in tangible assets (4) Residential fixed investment Other fixed assets (3) Consumer durables Inventories (3) Net increase in liabilities Mortgage debt on nonfarm homes Other mortgage debt (3) Consumer credit Policy loans Security credit Other liabilities (3) Net capital transfers (5) Personal saving, with consumer durables (FOF) Less net investment in consumer durables = Personal saving, without consumer durables (FOF) (6) Personal saving (NIPA, excludes consumer durables) Difference Memo: Disposable personal income Personal saving as a percentage of disposable personal income: With consumer durables (FOF) (line 40) Without consumer durables (FOF) (line 42) Without consumer durables (NIPA) (line 43) Difference (line 44)
522.3 4.6 -38.9 139.8 101.2 13.6 2.0 5.1 -17.6 28.2 -59.9 78.7 -69.6 46.7 45.8 176.8 79.5 1012.4 297.5 163.9 560.0 -9.0 712.1 121.6 126.2 464.3 300.3 175.9 37.6 95.7 -9.0 397.6 168.0 6.1 147.0 10.5 3.5 62.5 -20.7 445.8 95.7 350.1 250.9 99.2
591.9 12.4 -48.0 145.7 57.7 124.9 4.1 2.0 -2.2 102.3 -40.0 52.6 -157.0 163.0 44.5 151.6 103.2 1094.9 327.2 163.4 594.6 9.7 743.0 130.0 129.5 483.5 352.0 197.2 34.0 111.1 9.7 498.2 222.5 28.5 105.7 4.5 15.8 121.1 -23.8 469.4 111.1 358.3 228.4 129.9
599.7 6.5 -24.1 153.7 76.4 -35.2 1.3 -0.5 -138.9 54.3 22.1 40.5 -218.7 204.7 59.3 213.4 149.6 1133.3 335.0 160.9 630.7 6.7 778.0 143.1 133.8 501.1 355.3 191.9 27.1 129.6 6.7 544.7 234.5 32.2 70.3 3.2 36.8 167.8 -27.8 438.0 129.6 308.4 218.3 90.1
778.6 0.5 22.1 136.4 113.9 -50.3 3.0 0.1 -63.7 70.6 0.7 27.7 -285.0 196.1 48.0 282.0 226.0 1243.4 371.7 181.0 685.9 4.8 821.0 156.5 139.6 524.9 422.4 215.2 41.4 160.9 4.8 765.3 355.3 105.6 97.1 0.1 21.6 185.6 -33.1 468.9 160.9 307.9 276.8 31.1
605.9 2.9 -40.7 155.1 117.6 -50.3 4.7 -0.2 -0.6 83.4 29.3 -85.8 -153.2 72.1 50.8 182.9 187.6 1389.5 419.9 219.8 749.0 0.8 873.8 173.6 148.2 552.0 515.7 246.3 71.6 197.1 0.8 892.2 426.2 102.8 112.4 -5.1 75.2 180.8 -37.4 266.8 197.1 69.7 158.6 -88.9
372.6 7.6 -73.9 348.8 152.4 -641.0 12.4 -1.7 -204.3 38.6 4.6 80.3 -637.6 66.7 50.2 271.6 256.9 1487.2 439.6 250.8 795.1 1.6 940.9 189.7 161.9 589.2 546.3 249.9 88.9 205.9 1.6 931.6 425.2 109.5 176.5 2.8 7.2 210.3 -36.4 23.8 205.9 -182.2 168.5 -350.6
624.0 0.4 73.2 280.9 163.0 -436.9 -0.0 5.6 -88.3 -103.3 50.6 25.6 -488.2 161.1 77.2 266.3 199.9 1513.5 461.6 239.3 814.2 -1.6 971.5 174.8 176.8 619.8 542.0 286.8 62.5 194.4 -1.6 853.7 549.7 103.8 150.7 2.2 -38.8 86.1 -36.8 349.1 194.4 154.8 132.3 22.4
611.9 1.3 10.4 324.9 -39.2 -71.4 13.1 4.5 -131.8 -142.2 97.5 182.1 -187.5 92.9 60.1 262.9 62.8 1571.7 495.7 227.3 850.4 -1.7 1007.9 181.7 181.1 645.2 563.7 314.0 46.2 205.2 -1.7 1005.4 755.9 104.3 107.9 1.0 -48.2 84.4 -30.4 200.7 205.2 -4.5 184.7 -189.3
908.8 2.2 -34.2 332.2 -109.2 247.1 -4.5 8.9 22.0 148.0 24.7 -144.6 -81.7 274.4 66.8 258.5 145.5 1680.7 568.7 235.8 875.1 1.1 1057.6 195.8 192.3 669.4 623.2 372.9 43.5 205.7 1.1 1110.6 799.9 130.0 104.4 -0.7 34.3 42.6 -14.8 436.2 205.7 230.5 174.9 55.6
1407.8 5.4 58.6 450.0 -50.6 189.0 30.2 0.6 31.7 29.8 40.3 98.3 -258.2 216.4 33.1 288.4 433.7 1818.8 663.4 235.7 909.1 10.6 1141.7 233.4 205.8 702.5 677.1 430.0 29.9 206.6 10.6 1512.9 1020.6 151.7 115.0 1.6 81.5 142.5 -16.0 587.9 206.6 381.4 181.7 199.7
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44
45
5408.2
5688.5
5988.8
6395.9
6694.9
7194.0
7486.8
7830.1
8162.5
8680.9
45
46 47 48 49
8.2 6.5 4.6 1.8
8.3 6.3 4.0 2.3
7.3 5.1 3.6 1.5
7.3 4.8 4.3 0.5
4.0 1.0 2.4 -1.3
0.3 -2.5 2.3 -4.9
4.7 2.1 1.8 0.3
2.6 -0.1 2.4 -2.4
5.3 2.8 2.1 0.7
6.8 4.4 2.1 2.3
46 47 48 49
(1) Consolidated statement for households and nonprofit organizations, nonfarm noncorporate business, and farm business. (2) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual funds (line 14) and life insurance and pension reserves (lines 15 and 16)). (3) Includes corporate farms. (4) Line 18 less line 23. (5) Table F.9, line 13 plus line 4 less lines 3 and 9. (6) Line 42 and 43 are conceptually equivalent but measure saving using different data. Line 42 is net acquisition of financial assets (line 1) plus net investment in tangible assets net of consumer durables (line 27 less line 41) less net increase in liabilities (line 32) less net capital transfers (line 39). Line 43 is disposable personal income (line 45) less personal outlays (table F.100, line 4).
8
FFA, 1995-2004, March 12, 2009
F.100 Households and Nonprofit Organizations (1)
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50
Personal income - Personal current taxes = Disposable personal income - Personal outlays = Personal saving, NIPA (2) + Government insurance and pension reserves (3) + Net investment in consumer durables + Consumption of fixed capital + Net capital transfers (4) = Gross saving and net capital transfers Gross investment Capital expenditures Residential Consumer durable goods Nonprofit nonresidential Net financial investment Net acquisition of financial assets Foreign deposits Checkable deposits and currency Time and savings deposits Money market fund shares Credit market instruments Open market paper Treasury securities Savings bonds Other Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds Other loans and advances (5) Mortgages Corporate equities (6) Mutual fund shares Security credit Life insurance reserves Pension fund reserves Equity in noncorporate business Miscellaneous assets Net increase in liabilities Credit market instruments Home mortgages (7) Consumer credit Municipal securities Bank loans n.e.c. Other loans and advances Commercial mortgages Security credit Trade payables Deferred and unpaid life insurance premiums Discrepancy
6152.3 744.1 5408.2 5157.3 250.9 3.6 95.7 585.4 -20.7 914.9 1010.2 861.0 254.9 560.0 46.2 149.2 471.1 4.6 -52.6 135.5 99.3 23.5 2.0 -17.9 5.1 -22.9 28.2 -60.5 78.7 0.1 -7.2 -69.6 46.7 18.6 45.8 176.8 24.9 17.6 321.9 309.8 154.0 147.0 0.2 17.4 0.7 -9.6 3.5 7.9 0.7 -95.3
6520.6 832.1 5688.5 5460.0 228.4 3.4 111.1 609.9 -23.8 929.1 1054.6 924.2 280.9 594.6 48.8 130.4 491.4 12.4 -67.3 142.1 55.5 105.9 4.1 -5.1 2.0 -7.1 102.3 -40.5 52.6 -0.1 -7.5 -157.0 163.0 35.3 44.5 151.6 -5.2 10.6 361.0 336.4 205.5 105.7 6.1 0.5 13.9 4.7 15.8 8.0 0.8 -125.5
6915.1 926.3 5988.8 5770.5 218.3 3.4 129.6 635.0 -27.8 958.6 1044.7 986.2 293.3 630.7 62.2 58.5 405.5 6.5 -46.5 143.0 72.7 -32.4 1.3 -143.1 -0.5 -142.6 54.3 21.5 40.5 0.1 -7.1 -218.7 204.7 52.6 59.3 213.4 -61.8 12.7 346.9 300.9 216.1 70.3 7.1 8.0 0.7 -1.2 36.8 8.9 0.3 -86.2
7423.0 1027.0 6395.9 6119.1 276.8 4.4 160.9 667.3 -33.1 1076.3 1103.5 1085.7 330.0 685.9 69.9 17.8 472.7 0.5 15.6 95.7 104.3 28.8 3.0 -69.3 0.1 -69.4 70.6 1.1 27.7 -0.0 -4.3 -285.0 196.1 61.2 48.0 282.0 -83.8 9.2 454.9 426.0 301.6 97.1 11.8 5.5 -0.4 10.5 21.6 8.7 -1.4 -27.2
7802.4 1107.5 6694.9 6536.4 158.6 3.8 197.1 706.6 -37.4 1028.7 936.0 1179.7 359.7 749.0 70.9 -243.7 332.7 2.9 -46.0 102.0 109.5 39.5 4.7 0.0 -0.2 0.2 83.4 29.4 -85.8 0.4 7.2 -153.2 72.1 47.2 50.8 182.9 -86.3 11.4 576.4 495.0 380.0 112.4 10.4 -12.5 -5.1 9.8 75.2 4.1 2.1 92.7
8429.7 1235.7 7194.0 7025.6 168.5 1.8 205.9 754.9 -36.4 1094.6 741.1 1245.4 373.6 795.1 76.7 -504.3 90.4 7.6 -82.6 280.7 143.7 -69.6 12.4 -209.0 -1.7 -207.3 38.6 4.8 80.3 1.3 1.9 -637.6 66.7 88.6 50.2 271.6 -35.1 6.1 594.6 583.5 385.7 176.5 5.8 0.1 1.3 14.0 7.2 3.8 0.1 353.5
8724.1 1237.3 7486.8 7354.5 132.3 3.3 194.4 799.1 -36.8 1092.3 1112.4 1293.0 398.2 814.2 80.6 -180.6 450.5 0.4 72.1 273.8 153.4 -107.6 -0.0 -85.4 5.6 -91.0 -103.3 49.6 25.6 0.7 5.3 -488.2 161.1 41.9 77.2 266.3 -19.0 19.0 631.1 672.2 506.9 150.7 13.8 -21.7 0.9 21.5 -38.8 -1.9 -0.4 -20.1
8881.9 1051.8 7830.1 7645.3 184.7 -1.7 205.2 834.0 -30.4 1191.8 1006.0 1363.0 427.7 850.4 84.9 -356.9 445.7 1.3 7.3 310.5 -41.5 30.8 13.1 -127.2 4.5 -131.8 -142.2 97.6 182.1 0.2 7.3 -187.5 92.9 -41.6 60.1 262.9 -85.8 36.4 802.7 830.8 706.4 107.9 12.9 -22.6 0.2 25.9 -48.2 19.1 0.9 185.8
9163.6 1001.1 8162.5 7987.7 174.9 -0.6 205.7 873.2 -14.8 1238.5 1296.2 1459.0 492.7 875.1 91.2 -162.8 861.3 2.2 -40.6 287.5 -111.5 58.7 -4.5 28.9 8.9 20.0 148.0 25.4 -144.6 0.3 5.2 -81.7 274.4 62.7 66.8 258.5 29.6 55.0 1024.1 984.1 859.7 104.4 14.1 11.3 -1.5 -3.9 34.3 4.8 0.9 -57.7
9727.2 1046.3 8680.9 8499.2 181.7 0.0 206.6 940.6 -16.0 1312.9 1513.8 1581.7 574.3 909.1 98.3 -67.9 1092.7 5.4 -28.7 445.9 -56.1 237.5 30.2 27.0 0.6 26.4 29.8 38.6 98.3 2.8 10.8 -258.2 216.4 103.0 33.1 288.4 53.7 52.4 1160.6 1061.1 937.8 115.0 10.3 -17.4 0.3 15.0 81.5 16.5 1.6 -201.0
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50
(1) Sector includes farm households. 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 13 plus line 4 less lines 3 and 9. (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 funds (line 33) and life insurance and pension reserves (lines 35 and 36). (7) Includes loans made under home equity lines of credit and home equity loans secured by junior liens, shown on table F.218, line 22.
FFA, 1995-2004, March 12, 2009
9
F.101 Nonfinancial Business (1)
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40
Income before taxes Gross saving and net capital transfers Gross investment Capital expenditures Fixed investment Residential Nonresidential Change in inventories Nonproduced nonfinancial assets Net financial investment Net acquisition of financial assets Foreign deposits Checkable deposits and currency Time and savings deposits Money market fund shares Security RPs Credit market instruments Commercial paper Treasury securities Agency- and GSE-backed securities Municipal securities Mortgages Consumer credit Mutual fund shares Trade receivables Miscellaneous assets Net increase in liabilities Credit market instruments Commercial paper Municipal securities Corporate bonds Bank loans n.e.c. Other loans and advances Mortgages Corporate equities Trade payables Taxes payable Miscellaneous liabilities Proprietors’ net investment Discrepancy
967.2 725.4 780.1 769.0 737.3 45.2 692.1 31.1 0.6 11.1 503.0 1.7 18.1 7.6 24.8 0.3 -4.9 1.3 11.6 3.5 -19.3 -0.5 -1.6 4.6 93.3 357.5 491.9 285.3 18.1 3.1 104.2 86.3 35.9 37.7 -58.3 94.9 0.5 144.0 25.4 -54.7
1059.8 793.5 828.4 809.6 781.1 48.8 732.3 30.8 -2.3 18.8 549.0 10.8 28.5 33.5 9.9 1.5 -6.2 11.4 -5.1 5.1 -5.4 -4.9 -7.3 8.7 117.6 344.7 530.2 273.0 -0.9 3.1 128.0 69.9 21.4 51.6 -47.3 81.5 11.9 216.6 -5.5 -34.9
1129.6 855.4 876.3 890.9 817.0 44.5 772.5 72.0 1.9 -14.6 403.7 -5.1 15.0 45.4 23.9 0.7 -4.6 4.6 -16.6 -20.5 -3.1 24.3 6.7 -6.4 123.1 211.7 418.4 438.8 13.7 4.2 181.1 98.4 57.5 83.9 -77.4 97.2 13.6 9.1 -62.9 -20.8
1137.2 835.3 885.7 936.2 867.4 44.4 823.0 70.8 -1.9 -50.5 793.4 7.4 -5.5 69.0 48.3 -0.4 -4.0 3.3 2.5 2.6 -2.0 -5.4 -5.1 6.7 115.5 556.5 843.9 566.8 24.4 5.8 214.9 102.1 69.5 150.1 -215.5 88.0 9.0 478.1 -82.3 -50.4
1195.8 898.2 1013.4 1073.8 1014.6 63.3 951.3 66.9 -7.7 -60.3 1155.5 0.9 41.3 97.3 36.6 1.6 -27.4 8.2 -5.0 1.8 -0.9 -28.2 -3.2 7.4 248.6 749.2 1215.9 582.1 37.4 5.1 225.9 89.8 42.2 181.9 -110.4 213.0 15.9 602.7 -87.5 -115.2
1211.9 905.0 1087.4 1170.3 1122.3 69.5 1052.9 56.5 -8.5 -82.9 1456.5 -7.4 24.1 103.5 45.2 -1.6 28.5 10.2 1.7 3.0 6.7 1.7 5.4 3.5 351.2 909.4 1539.4 560.3 48.1 1.4 164.0 95.0 94.9 156.9 -118.2 354.1 18.6 759.5 -34.9 -182.4
1149.5 926.4 1056.4 1023.0 1063.3 66.9 996.4 -31.7 -8.6 33.3 335.4 -8.5 -63.4 15.9 120.1 -0.2 2.4 2.4 1.4 2.1 -1.5 6.5 -8.4 4.4 -119.5 384.2 302.1 380.6 -83.1 3.5 343.4 -65.5 4.6 177.8 -48.1 -108.4 7.1 86.5 -15.7 -130.0
1164.3 983.4 954.5 945.8 944.9 71.7 873.2 11.9 -10.9 8.7 209.9 5.1 -37.8 24.6 36.2 2.2 25.1 4.6 14.5 -0.7 2.7 2.3 1.6 0.9 -79.4 233.0 201.1 179.8 -57.9 3.1 133.4 -84.0 26.8 158.5 -41.4 45.1 13.4 90.6 -86.5 28.9
1289.7 1014.0 1001.9 971.6 968.1 80.0 888.1 14.3 -10.8 30.3 164.2 17.6 56.3 116.1 -34.4 -0.2 -1.7 10.9 3.5 -4.8 2.6 2.3 -16.2 11.0 -42.4 41.8 133.9 177.2 -37.3 3.5 152.2 -88.3 11.6 135.6 -41.1 -80.9 -12.2 56.8 34.1 12.1
1623.1 1128.3 1199.6 1062.8 1014.8 93.5 921.3 58.6 -10.6 136.8 1155.2 15.6 74.8 41.8 30.9 0.4 42.6 19.3 5.6 0.1 -1.9 19.4 0.1 1.4 155.5 792.0 1018.4 455.2 15.3 5.1 75.5 28.2 57.4 273.6 -124.4 121.2 15.1 494.3 57.0 -71.3
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40
(1) Combined statement for nonfarm nonfinancial corporate business, nonfarm noncorporate business, and farm business.
10
FFA, 1995-2004, March 12, 2009
F.102 Nonfarm Nonfinancial Corporate Business
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53
Profits before tax (book) - Taxes on corporate income - Net dividends + Capital consumption allowance (1) = U.S. internal funds, book + Foreign earnings retained abroad + Inventory valuation adjustment (IVA) + Net capital transfers (2) = Total internal funds + IVA Gross investment Capital expenditures Fixed investment (3) Inventory change + IVA Nonproduced nonfinancial assets Net financial investment Net acquisition of financial assets Foreign deposits Checkable deposits and currency Time and savings deposits Money market fund shares Security RPs Credit market instruments Commercial paper Treasury securities Agency- and GSE-backed securities Municipal securities Mortgages Consumer credit Mutual fund shares Trade receivables Miscellaneous assets U.S. direct investment abroad (4) Insurance receivables Equity in GSEs Investment in finance co. subs. Other Net increase in liabilities Net funds raised in markets Net new equity issues Credit market instruments Commercial paper Municipal securities (5) Corporate bonds (4) Bank loans n.e.c. Other loans and advances (6) Mortgages Trade payables Taxes payable Miscellaneous liabilities Foreign direct investment in U.S. Pension fund contributions payable Other Discrepancy Memo: Financing gap (7)
418.7 140.6 176.9 462.8 564.0 52.7 -18.3 0.0 598.4 653.1 617.6 576.9 40.1 0.6 35.5 426.4 1.7 4.5 3.3 22.9 0.3 -8.8 1.3 6.3 3.5 -19.9 1.6 -1.6 4.6 78.0 319.9 90.3 8.2 0.0 5.9 215.5 390.8 179.4 -58.3 237.7 18.1 3.1 104.2 74.5 29.6 8.1 81.0 -0.0 130.5 53.4 5.4 71.7 -54.7
457.2 152.6 196.5 494.2 602.3 54.1 3.1 0.0 659.5 694.4 638.9 620.1 21.0 -2.3 55.5 454.0 10.8 9.3 30.0 7.7 1.5 -10.2 11.4 -10.0 5.1 -5.8 -3.6 -7.3 8.7 88.1 308.2 76.8 2.6 0.0 0.6 228.2 398.5 152.5 -47.3 199.9 -0.9 3.1 128.0 40.4 18.6 10.7 49.5 9.6 186.9 70.2 5.4 111.3 -34.9
492.6 161.4 214.2 528.0 645.0 52.8 14.1 0.0 711.9 732.7 743.8 676.6 65.3 1.9 -11.1 272.4 -5.1 -7.4 34.7 20.2 0.7 -7.2 4.6 -20.2 -20.5 -3.6 25.9 6.7 -6.4 88.0 154.9 84.3 1.9 0.0 4.9 63.8 283.5 256.5 -77.4 333.9 13.7 4.2 181.1 51.1 51.6 32.2 65.1 9.3 -47.5 99.2 8.4 -155.0 -20.8
449.1 158.2 239.6 557.5 608.8 53.0 20.2 0.0 682.1 732.4 778.5 714.5 65.9 -1.9 -46.1 569.9 7.4 -12.0 28.2 38.6 -0.4 -17.0 3.3 -3.2 2.6 -1.6 -13.0 -5.1 6.7 87.3 431.0 129.2 1.7 0.0 17.7 282.4 616.0 167.7 -215.5 383.2 24.4 5.8 214.9 76.2 60.7 1.3 57.6 4.8 385.8 143.5 12.9 229.4 -50.4
456.7 170.8 222.7 597.7 660.8 69.2 1.0 0.0 731.0 846.2 863.9 805.6 66.1 -7.7 -17.7 969.9 0.9 36.0 44.3 28.4 1.6 -24.2 8.2 -4.2 1.8 -0.7 -26.0 -3.2 7.4 209.2 666.3 194.4 1.0 0.0 -17.1 488.0 987.6 273.4 -110.4 383.7 37.4 5.1 225.9 40.0 32.7 42.7 178.5 7.0 528.8 179.0 -18.4 368.2 -115.2
421.9 169.7 249.7 629.3 631.8 100.2 -14.1 0.0 718.0 900.3 928.5 882.1 54.9 -8.5 -28.2 1209.2 -7.4 15.5 35.5 36.5 -1.6 26.5 10.2 -1.3 3.0 6.9 2.3 5.4 3.5 281.6 819.1 128.4 -0.3 0.0 65.2 625.9 1237.4 243.7 -118.2 361.9 48.1 1.4 164.0 43.8 82.7 21.9 313.3 7.0 673.4 192.4 -19.1 500.2 -182.4
309.9 111.4 243.5 677.5 632.5 111.2 11.3 0.0 755.0 885.0 802.6 841.2 -30.1 -8.6 82.4 177.6 -8.5 -64.5 8.8 110.5 -0.2 -4.7 2.4 -1.3 2.1 -2.6 3.1 -8.4 4.4 -121.3 253.2 119.4 10.3 0.0 -17.8 141.2 95.2 164.6 -48.1 212.8 -83.1 3.5 343.4 -109.6 5.7 52.8 -103.7 3.1 31.2 84.5 -24.6 -28.7 -130.0
336.4 96.6 252.7 733.9 720.9 92.6 -2.2 0.0 811.3 782.4 737.1 734.4 13.6 -10.9 45.2 130.1 5.1 -40.9 10.2 33.8 2.2 25.8 4.6 14.5 -0.7 2.8 2.9 1.6 0.9 -98.3 191.3 129.7 17.4 0.0 6.9 37.3 84.9 -18.5 -41.4 22.9 -57.9 3.1 133.4 -108.2 21.9 30.6 19.7 11.9 71.8 27.5 1.5 42.7 28.9
424.3 135.1 290.6 733.4 732.0 112.7 -13.6 0.2 831.3 819.1 749.9 747.5 13.2 -10.8 69.2 82.6 17.6 49.9 71.5 -36.7 -0.2 -3.2 10.9 1.4 -4.8 3.3 2.2 -16.2 11.0 -17.2 -10.0 122.6 18.4 0.0 2.6 -153.6 13.4 46.2 -41.1 87.3 -37.3 3.5 152.2 -99.2 6.8 61.3 -54.7 -11.7 33.6 23.9 -0.2 9.8 12.1
660.1 190.2 364.2 745.0 850.7 120.9 -43.1 0.0 928.5 999.8 825.7 788.3 48.0 -10.6 174.1 783.1 15.6 -12.5 37.7 25.3 0.4 31.1 19.3 0.3 0.1 -3.6 14.8 0.1 1.4 128.9 555.2 270.2 18.9 0.0 2.6 263.4 609.0 79.5 -124.4 204.0 15.3 5.1 75.5 -1.2 55.1 54.2 97.3 6.8 425.5 28.6 -3.1 400.0 -71.3
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53
54
71.8
33.5
84.7
149.5
202.2
310.8
158.7
18.4
31.5
18.1
54
(1) Consumption of fixed capital plus capital consumption adjustment. (2) Table F.9, portion of line 7 that is maritime contruction subsidies. (3) Nonresidential fixed investment plus residential fixed investment, shown in table F.6, lines 10 and 16 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).
FFA, 1995-2004, March 12, 2009
11
F.103 Nonfarm Noncorporate Business
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29
Net income with IVA and CCAdj Gross saving = capital consumption Gross investment Capital expenditures Fixed investment (1) Change in inventories Net financial investment Net acquisition of financial assets Checkable deposits and currency Time and savings deposits Money market mutual funds Treasury securities Municipal securities Mortgages Consumer credit Trade receivables Miscellaneous assets Insurance receivables Equity investment in GSEs (2) Other Net increase in liabilities Credit market instruments Bank loans n.e.c. Other loans and advances Mortgages Trade payables Taxes payable Miscellaneous liabilities Proprietors’ net investment
525.8 110.1 110.1 140.9 138.8 2.1 -30.7 75.2 13.2 4.3 1.9 5.3 0.6 -2.1 0.0 15.3 36.7 2.0 0.0 34.7 105.9 45.1 10.7 6.6 27.8 12.4 0.6 13.5 34.3
565.3 116.2 116.2 138.9 137.8 1.1 -22.7 95.1 19.3 3.5 2.2 4.9 0.4 -1.4 0.0 29.5 36.6 0.6 0.7 35.2 117.8 69.0 28.9 1.9 38.2 30.6 2.3 29.7 -13.8
602.8 126.0 126.0 117.4 114.0 3.4 8.6 130.7 22.2 10.7 3.7 3.7 0.5 -1.6 0.0 35.1 56.4 0.5 0.0 55.9 122.1 97.7 43.8 6.2 47.7 31.0 4.3 56.5 -67.4
658.8 136.3 136.3 129.9 126.4 3.5 6.4 218.5 4.7 40.7 9.7 5.7 -0.4 7.6 0.0 28.2 122.2 0.4 -0.1 121.9 212.0 175.5 24.8 6.5 144.2 30.8 4.1 92.3 -90.6
710.6 149.8 149.8 190.0 186.5 3.5 -40.2 183.8 4.7 53.1 8.1 -0.8 -0.1 -2.2 0.0 39.4 81.7 0.2 0.0 81.4 224.1 195.2 50.7 9.4 135.1 34.7 8.9 73.9 -88.7
767.3 168.7 168.7 218.2 215.3 2.9 -49.5 246.8 8.4 68.1 8.7 3.0 -0.3 -0.7 0.0 69.6 89.9 -0.1 0.0 90.0 296.3 196.4 48.5 10.4 137.5 46.6 11.7 86.0 -44.4
820.0 149.3 149.3 193.9 195.5 -1.6 -44.6 155.9 0.5 7.1 9.6 2.7 1.1 3.4 0.0 1.8 129.9 2.5 0.1 127.3 200.5 161.5 44.0 -3.8 121.2 -4.9 4.0 55.3 -15.3
817.4 151.5 151.5 182.5 181.7 0.7 -31.0 78.2 2.6 14.5 2.3 0.0 -0.1 -0.6 0.0 18.9 40.7 4.2 0.0 36.5 109.1 149.8 25.1 3.7 121.0 26.0 1.5 18.9 -87.0
836.2 161.4 161.4 192.9 192.2 0.7 -31.5 79.6 5.8 44.7 2.3 2.1 -0.7 0.1 0.0 -25.1 50.5 4.4 0.3 45.8 111.1 91.6 11.3 4.7 75.5 -25.7 -0.5 23.2 22.6
925.7 176.7 176.7 197.5 195.0 2.5 -20.9 369.0 86.3 4.1 5.6 5.3 1.7 4.6 0.0 26.6 234.9 3.5 -0.1 231.4 389.9 245.2 27.2 1.2 216.7 22.2 8.4 68.8 45.4
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29
(1) Nonresidential fixed investment plus residential fixed investment, shown in table F.6, lines 11 and 17 respectively. (2) Equity in the Farm Credit System.
F.104 Farm Business (1)
Billions of dollars
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 Proprietors’ net income with IVA and CCAdj Net saving (corporate) Consumption of fixed capital Corporate Noncorporate Gross saving Gross investment Capital expenditures Fixed investment (2) Change in inventories Net financial investment Net acquisition of financial assets Checkable deposits and currency Miscellaneous assets Insurance receivables Equity investment in GSEs (3) Net increase in liabilities Credit market instruments Bank loans n.e.c. Other loans and advances Mortgages Trade payables Proprietors’ net investment 22.7 0.2 16.6 2.5 14.1 16.9 16.9 10.5 21.6 -11.1 6.3 1.5 0.5 1.0 1.1 -0.1 -4.8 2.5 1.1 -0.3 1.8 1.5 -8.9 37.3 1.0 16.8 2.8 14.0 17.8 17.8 31.8 23.1 8.6 -14.0 -0.1 -0.0 -0.1 0.6 -0.6 13.9 4.2 0.6 0.8 2.7 1.4 8.3 34.2 0.6 17.0 3.1 13.9 17.6 17.6 29.7 26.5 3.2 -12.2 0.7 0.2 0.4 0.4 0.0 12.8 7.3 3.5 -0.4 4.1 1.1 4.5 29.4 -0.5 17.4 3.4 13.9 16.9 16.9 27.8 26.4 1.4 -10.9 5.1 1.7 3.4 3.2 0.1 16.0 8.1 1.2 2.3 4.6 -0.4 8.2 28.6 0.0 17.4 3.7 13.7 17.4 17.4 19.8 22.5 -2.7 -2.4 1.8 0.6 1.2 1.2 -0.0 4.2 3.3 -0.9 0.1 4.1 -0.2 1.1 22.7 1.1 17.2 3.9 13.4 18.3 18.3 23.5 24.9 -1.3 -5.2 0.5 0.2 0.4 0.3 0.0 5.8 2.0 2.7 1.8 -2.5 -5.8 9.5 19.7 -1.0 23.0 4.0 19.0 22.1 22.1 26.6 26.6 -0.0 -4.5 1.8 0.6 1.2 0.8 0.4 6.3 6.4 -0.0 2.6 3.8 0.3 -0.4 10.6 -1.8 22.5 4.2 18.3 20.7 20.7 26.2 28.7 -2.5 -5.5 1.6 0.5 1.0 0.9 0.1 7.1 7.1 -0.9 1.2 6.9 -0.5 0.5 29.2 -1.5 22.9 4.4 18.5 21.4 21.4 28.8 28.4 0.4 -7.4 2.0 0.7 1.3 0.9 0.4 9.4 -1.6 -0.4 0.1 -1.3 -0.4 11.5 37.3 -1.3 24.4 4.8 19.6 23.1 23.1 39.5 31.5 8.0 -16.4 3.1 1.0 2.0 1.8 0.2 19.5 6.0 2.2 1.1 2.7 1.8 11.6 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23
(1) Corporate and noncorporate farms. (2) Nonresidential fixed investment, shown in table F.6, line 12. (3) Equity in the Farm Credit System.
12
FFA, 1995-2004, March 12, 2009
F.105 State and Local Governments, Excluding Employee Retirement Funds (1)
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47
Current receipts, NIPA basis Personal current taxes Taxes on production and imports Taxes on corporate income Contributions for govt. social insurance Income receipts on assets Current transfer receipts Current surplus of government enterprises Current expenditures, NIPA basis Consumption expenditures Govt. social benefit payments to persons Interest payments Subsidies - Wage accruals less disbursements Net state and local govt. saving, NIPA basis + Consumption of fixed capital + Net capital transfers (2) = Gross saving and net capital transfers Gross investment Fixed investment Nonproduced nonfinancial assets Net financial investment Net acq. of financial assets Checkable deposits and currency Time and savings deposits Money market fund shares Security RPs Credit market instruments Open market paper Treasury securities Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds Mortgages Corporate equities Mutual fund shares Trade receivables Taxes receivable Miscellaneous assets Net increase in liabilities Credit market instruments Municipal securities Short-term Other U.S. government loans Trade payables Discrepancy
990.2 158.1 482.4 31.7 13.6 68.4 224.1 12.0 978.2 696.0 217.6 64.2 0.3 0.0 12.0 83.1 32.4 127.5 194.5 154.0 6.6 33.9 -9.7 3.4 6.6 4.8 -3.0 -91.4 17.1 -80.2 -35.1 -3.5 7.1 3.3 12.1 -3.6 6.1 -9.1 64.3 -43.6 -60.8 -60.9 1.2 -62.1 0.1 17.2 -66.9
1043.3 168.7 507.9 33.0 12.5 73.3 234.1 13.9 1017.5 724.8 224.3 68.1 0.3 0.0 25.8 87.2 33.9 146.9 200.3 163.8 6.1 30.5 28.0 -5.5 10.6 1.4 32.1 -33.7 20.3 -32.8 -35.3 -0.5 10.7 3.8 14.5 -0.6 5.6 -4.6 8.4 -2.4 -20.5 -15.7 6.3 -22.0 -4.8 18.1 -53.4
1097.4 182.0 533.8 34.1 10.8 77.8 246.6 12.3 1058.3 758.9 227.6 71.4 0.4 0.0 39.1 91.6 35.3 166.0 212.7 178.9 5.8 28.0 98.2 4.4 5.8 3.6 3.6 0.1 14.3 -17.7 -0.8 -0.7 1.3 3.7 16.8 -18.2 6.3 0.3 75.5 70.3 50.8 45.6 8.3 37.3 5.1 19.5 -46.7
1163.2 201.2 558.8 34.9 10.4 80.9 266.8 10.2 1111.2 801.4 235.8 73.6 0.4 0.0 52.0 96.2 36.0 184.2 268.3 186.5 7.5 74.3 161.8 -3.9 14.8 31.1 4.2 109.7 12.8 41.4 38.7 -0.7 11.4 6.1 -8.8 -13.2 7.0 2.8 18.2 87.5 66.8 66.7 -6.3 72.9 0.1 20.7 -84.2
1236.7 214.5 590.2 35.8 9.8 85.3 290.8 10.4 1186.3 858.9 252.4 74.6 0.4 0.0 50.4 102.1 39.9 192.4 252.1 206.0 8.6 37.5 97.6 3.9 14.0 4.5 -2.5 101.9 17.5 23.8 44.2 0.3 11.6 4.4 -21.7 -8.1 8.7 10.5 -13.6 60.1 37.3 38.9 2.6 36.3 -1.6 22.8 -59.8
1319.5 236.6 621.1 35.5 11.0 92.2 315.4 7.7 1269.5 917.8 271.7 79.5 0.5 0.0 50.0 109.8 43.7 203.5 267.7 225.0 8.8 33.9 75.7 0.1 10.6 2.7 -10.3 70.7 15.2 5.5 41.4 0.2 9.8 -1.3 6.1 1.2 4.9 14.8 -25.2 41.8 16.9 16.5 1.4 15.1 0.4 25.0 -64.3
1373.0 242.7 642.8 30.2 13.6 88.8 350.8 4.0 1368.2 969.8 305.2 85.5 7.7 0.0 4.8 117.8 48.6 171.1 218.6 243.0 9.2 -33.7 98.7 4.0 12.0 3.2 -10.9 93.9 17.5 18.4 47.3 0.2 11.3 -0.8 4.1 0.4 6.0 3.7 -17.7 132.4 105.5 105.4 23.8 81.6 0.1 26.9 -47.4
1410.1 221.3 675.5 32.2 15.8 78.2 384.7 2.5 1444.3 1025.3 332.0 86.0 0.9 0.0 -34.2 122.7 52.1 140.7 171.0 256.1 10.6 -95.8 76.6 5.2 8.8 1.6 -16.3 86.2 14.3 26.2 41.7 0.1 9.1 -5.3 10.3 2.1 2.6 4.8 -28.5 172.4 144.1 143.4 25.2 118.2 0.6 28.4 -30.3
1494.2 226.6 717.5 35.3 19.8 72.9 422.7 -0.6 1514.5 1073.8 353.0 87.7 0.1 0.0 -20.4 127.8 51.6 159.0 202.9 262.2 10.9 -70.2 79.1 7.0 20.3 4.0 7.9 58.3 10.3 9.5 22.5 0.3 7.1 8.5 -17.0 -5.2 8.1 7.7 -12.0 149.2 120.1 120.0 10.4 109.6 0.1 29.2 -43.9
1594.3 249.0 769.2 43.0 23.6 75.4 437.2 -3.0 1592.8 1120.3 383.8 88.4 0.4 0.0 1.5 136.1 52.1 189.7 248.4 270.9 10.5 -33.0 112.8 -6.2 11.6 3.9 7.7 72.4 10.1 24.9 21.9 0.3 6.9 8.3 -4.2 -1.3 7.9 26.1 -5.2 145.8 115.4 115.1 -5.9 121.0 0.3 30.4 -58.7
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47
(1) Data for retirement funds are shown in table F.119. (2) Table F.9, line 8.
FFA, 1995-2004, March 12, 2009
13
F.106 Federal Government
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52
Current receipts, NIPA basis Personal current taxes Taxes on production and imports Taxes on corporate income Taxes from the rest of the world Contributions for govt. social insurance Income receipts on assets Current transfer receipts Current surplus of government enterprises Current expenditures, NIPA basis Consumption expenditures Government social benefits Other current transfer payments Interest payments Subsidies - Wage accruals less disbursements Net federal government saving, NIPA basis + Consumption of fixed capital - Insurance and pension reserves (1) + Net capital transfers (2) = Gross saving and net capital transfers Gross investment Fixed investment Nonproduced nonfinancial assets Net financial investment Net acq. of financial assets Gold, SDRs, and official foreign exchange Checkable deposits and currency Time and savings deposits Credit market instruments Agency- and GSE-backed securities Other loans and advances Mortgages Consumer credit (3) Corporate equities (4) Trade receivables Taxes receivable Miscellaneous assets Net increase in liabilities SDR certificates Treasury currency Credit market instruments Savings bonds Other Treasury securities Budget agency securities Multifamily residential mortgages Trade payables Insurance reserves Miscellaneous liabilities (5) Nonmarketable securities held by pension plans Other Discrepancy Memo: Change in cash balance (6)
1406.5 586.0 75.9 179.3 3.9 519.2 23.7 19.1 -0.6 1603.5 440.5 642.7 196.3 290.4 33.7 0.0 -197.0 81.9 3.6 -12.8 -131.5 -126.8 78.8 -7.4 -198.1 -29.2 6.4 -0.0 0.3 -24.7 0.0 -13.5 -13.5 2.3 0.0 -1.6 -7.5 -2.1 169.0 2.2 0.7 144.4 5.1 137.9 1.5 0.0 -4.6 1.0 25.3 20.8 4.5 -4.7
1524.0 663.4 73.2 190.6 5.2 542.8 26.9 23.1 -1.2 1665.8 446.3 680.0 208.2 297.3 34.0 0.0 -141.8 82.0 3.4 -10.7 -73.9 -113.1 81.1 -3.8 -190.4 7.7 -2.9 11.0 1.4 3.9 0.0 2.6 -7.2 8.5 0.0 0.9 0.0 -6.7 198.1 -0.5 0.5 144.9 2.0 144.5 -1.6 -0.0 0.7 0.6 51.8 55.1 -3.3 39.2
1653.1 744.3 78.2 203.0 5.1 576.4 25.9 19.9 0.3 1708.9 457.7 706.3 212.5 300.0 32.4 0.0 -55.8 82.5 3.4 -8.5 14.8 4.7 73.2 -7.6 -60.9 -4.3 2.5 -0.5 1.0 11.3 0.0 5.9 -4.5 10.0 0.0 -3.2 -10.0 -5.4 56.5 -0.5 0.5 23.1 -0.5 23.7 -0.1 -0.0 -8.8 1.7 40.6 40.3 0.3 10.1
1773.8 825.8 81.1 204.2 5.7 613.8 21.5 21.5 0.1 1734.9 454.6 719.2 227.4 298.8 35.0 0.0 38.8 82.8 4.4 -3.6 113.6 80.1 75.8 -5.6 9.9 -14.7 6.0 -16.7 1.3 5.6 0.0 -2.4 -0.8 8.9 0.0 1.5 -8.9 -3.5 -24.6 0.0 0.6 -52.6 0.1 -54.7 2.0 0.0 -8.0 1.3 34.1 41.2 -7.1 33.5
1891.2 893.0 83.9 213.0 5.9 651.6 21.5 22.7 -0.3 1787.6 475.1 738.0 248.0 282.7 43.8 0.0 103.6 84.8 3.8 -7.4 177.3 183.3 80.7 -0.9 103.5 69.5 -7.1 66.2 0.7 4.3 0.0 -7.0 -0.1 11.5 0.0 4.6 1.7 -0.9 -34.0 -3.0 1.0 -71.2 -0.2 -70.8 -0.2 0.0 -0.4 1.4 38.2 41.1 -2.9 -6.0
2053.8 999.1 87.8 219.4 7.3 691.7 25.2 25.7 -2.3 1864.4 499.3 772.5 265.6 283.3 43.8 0.0 189.5 87.2 1.8 -8.1 266.8 273.6 79.5 -0.3 194.4 -74.3 -0.7 -65.1 1.0 8.1 0.0 -2.8 -0.9 11.7 0.0 5.3 -21.5 -1.4 -268.7 -4.0 2.4 -295.9 -1.7 -293.2 -1.0 0.0 4.4 1.4 22.9 20.9 2.0 -6.8
2016.2 994.5 85.8 164.7 7.1 717.5 24.9 27.1 -5.5 1969.5 531.9 841.4 290.0 258.6 47.6 0.0 46.7 88.2 3.3 -12.9 118.8 80.0 81.0 -0.7 -0.3 53.1 4.6 41.1 4.2 3.9 0.0 -7.8 -1.1 12.8 0.0 7.3 -9.3 1.3 53.4 0.0 1.3 -5.6 5.6 -10.7 -0.5 0.0 3.4 1.4 53.0 60.8 -7.8 38.8
1853.2 830.5 87.3 150.5 7.3 734.3 20.2 24.8 -1.6 2101.1 591.5 919.6 323.4 229.1 37.5 0.0 -247.9 88.9 -1.7 -23.1 -180.5 -195.4 88.1 0.3 -283.8 5.8 3.4 -17.1 17.1 8.0 0.0 -0.5 0.5 8.0 0.0 -3.3 -2.3 0.0 289.7 0.0 1.0 257.6 4.5 252.5 0.5 0.0 0.8 1.6 28.7 24.5 4.2 15.0
1879.9 774.5 89.7 197.8 8.9 758.9 22.9 25.0 2.3 2252.1 662.7 966.5 362.2 212.9 47.8 0.0 -372.1 90.4 -0.6 -40.4 -321.5 -382.9 93.7 -0.2 -476.4 34.0 -1.8 9.3 -25.2 -2.6 0.0 -2.0 -2.5 1.9 0.0 19.1 33.9 1.4 510.4 0.0 0.6 396.0 8.9 389.5 -2.4 0.0 72.4 1.1 40.3 24.7 15.6 61.4
2008.9 797.4 94.6 250.3 10.0 805.2 23.8 28.8 -1.2 2379.5 723.7 1015.3 375.2 221.0 44.2 0.0 -370.6 94.0 0.0 -38.4 -315.1 -334.2 101.9 0.0 -436.1 1.9 -3.1 -31.0 -0.0 2.3 0.0 -3.0 1.6 3.7 0.0 10.5 22.6 0.6 438.0 0.0 0.7 361.9 0.6 361.9 -0.6 0.0 15.1 1.1 59.2 40.9 18.3 19.2
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52
53
-5.7
12.9
-2.2
-12.8
59.4
-55.1
5.2
-1.6
-24.8
-3.1
53
(1) Railroad Retirement Board, the National Railroad Retirement Investment Trust, and federal government life insurance reserves. (2) Table F.9, line 2 plus the portion of line 7 that is to financial businesses. (3) Student loans. (4) Corporate equities purchased from financial businesses under the Troubled Assets 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 29) plus checkable deposit and currency liabilities of the monetary authority and commercial banking sectors (table F.204, lines 3 and 7).
14
FFA, 1995-2004, March 12, 2009
F.107 Rest of the World
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62
Foreign income from U.S. U.S. imports U.S. income payments to rest of world Current taxes and trans. payments to rest of world Foreign outlays to U.S. U.S. exports U.S. income receipts from rest of world Net capital transfers (1) Gross saving and net capital transfers (2) Gross investment Nonproduced nonfinancial assets Net financial investment Net acquisition of financial assets Gold and SDRs (3) Net interbank assets U.S. checkable deposits and currency U.S. time deposits Money market fund shares Security RPs Credit market instruments Open market paper Treasury securities Official Private Agency- and GSE-backed securities Official Private Municipal securities U.S. corporate bonds (4) Loans to U.S. corporate business U.S. corporate equities Mutual fund shares Trade receivables Security credit Miscellaneous assets Foreign direct investment in U.S. (5) Other Net increase in liabilities U.S. official foreign exchange and net IMF position U.S. private deposits Credit market instruments Commercial paper Bonds Bank loans n.e.c. Official Banks Other U.S. government loans Acceptance liabilities to banks Foreign corporate equities (6) Trade payables Security debt Miscellaneous liabilities U.S. equity in IBRD, etc. Nonofficial foreign currencies U.S. direct investment abroad (4,5) Other Discrepancy (FOF basis) (7) Memo: Net U.S. exports, NIPA basis + Net U.S. income receipts (8) - Current taxes and trans. payments to rest of world = Balance on current account, NIPAs
1137.1 903.6 198.1 35.4 1046.1 812.2 233.9 1.1 92.1 82.1 0.2 81.9 415.7 -0.8 11.1 9.9 -6.6 0.8 21.0 246.8 18.6 160.5 69.0 91.5 17.6 3.7 13.9 1.0 49.2 0.0 3.5 12.3 0.7 0.0 117.0 57.8 59.2 333.8 8.8 35.3 78.3 13.5 56.9 8.5 0.4 2.1 5.9 -0.8 0.3 65.4 5.8 0.0 140.2 1.5 0.3 98.8 39.7 10.0 -91.4 35.8 35.4 -91.0
1217.6 964.8 213.7 39.1 1117.3 868.6 248.7 0.6 101.0 133.7 -0.0 133.7 518.6 0.4 -52.0 16.7 10.9 0.8 3.2 379.6 14.4 262.7 115.7 147.0 26.8 5.0 21.8 1.0 70.8 3.9 -3.5 13.8 5.5 0.0 143.2 86.5 56.7 384.9 -6.3 85.9 88.0 11.3 66.6 9.1 0.3 3.4 5.4 -0.7 1.8 82.8 -1.7 0.0 136.0 1.8 -0.1 91.9 42.4 -32.7 -96.2 35.0 39.1 -100.3
1352.2 1056.9 253.7 41.6 1242.0 955.3 286.7 1.0 111.2 217.9 -0.1 218.0 595.0 -0.4 -4.3 27.5 13.1 0.8 20.0 259.6 19.9 123.7 -6.7 130.4 30.3 4.5 25.8 1.0 67.4 17.3 53.2 13.1 0.9 0.0 211.6 105.6 106.0 377.0 0.7 107.7 69.9 3.7 59.6 8.5 -0.8 -0.5 9.8 -1.6 -0.2 57.6 5.2 0.0 135.9 1.6 -0.0 104.8 29.6 -106.7 -101.6 32.9 41.6 -110.2
1430.5 1115.9 265.8 48.8 1243.1 955.9 287.1 0.8 188.2 66.2 0.0 66.2 390.6 -0.1 -27.1 10.5 51.9 0.8 -18.8 168.5 33.6 18.7 -9.9 28.6 11.1 6.3 4.7 1.0 105.2 -1.0 27.4 13.8 -6.5 0.0 170.3 179.0 -8.7 324.4 6.6 9.1 37.2 7.8 28.8 6.6 0.7 -0.7 6.6 -1.0 -5.0 101.4 -3.9 0.0 174.0 1.6 -0.1 142.6 29.9 121.9 -159.9 21.3 48.8 -187.4
1585.9 1251.7 287.0 47.2 1312.0 991.2 320.8 4.9 278.7 233.2 0.0 233.2 710.5 0.0 -5.7 24.3 3.0 0.8 8.0 146.4 -6.4 -32.3 12.2 -44.5 63.4 20.4 43.1 1.0 143.4 -22.7 104.5 7.1 -5.1 0.0 427.4 289.4 137.9 477.3 -8.7 48.9 19.0 16.3 7.9 0.5 0.2 -3.2 3.5 -4.8 -0.9 114.3 4.2 0.0 299.7 1.5 0.6 224.9 72.7 45.5 -260.5 33.8 47.2 -273.9
1875.6 1475.8 343.7 56.1 1478.9 1096.3 382.7 0.8 397.5 476.7 0.0 476.7 954.3 -0.7 20.8 -1.2 -17.3 3.1 11.4 242.2 9.3 -75.2 -5.2 -70.0 141.9 40.9 101.0 0.2 168.2 -2.2 199.7 -9.2 -0.4 0.0 505.9 321.3 184.6 477.6 -0.4 126.9 63.0 31.7 21.2 11.4 0.6 3.4 7.4 -0.6 -0.7 106.7 0.8 0.0 180.7 1.5 0.0 159.2 19.9 -79.3 -379.5 38.9 56.1 -396.6
1725.6 1399.8 278.8 47.0 1355.2 1032.8 322.4 1.1 371.5 399.0 0.0 399.0 657.7 -0.6 -45.6 18.8 0.6 3.9 59.7 299.2 -5.9 19.3 33.7 -14.4 92.0 12.2 79.9 0.0 195.4 -1.6 134.3 -16.7 -3.1 0.0 207.2 167.0 40.2 258.7 4.3 6.8 -11.2 18.3 -18.5 -7.3 0.8 -7.4 -0.7 -1.1 -2.6 109.1 -7.7 0.0 157.4 1.7 -0.1 142.3 13.4 -27.5 -367.0 43.6 47.0 -370.4
1769.9 1430.3 275.0 64.5 1311.6 1005.9 305.7 1.4 459.7 499.1 0.1 499.0 768.6 -0.5 4.2 18.3 41.2 1.1 39.1 467.2 18.1 160.9 60.5 100.4 127.1 41.6 85.5 3.5 147.5 10.1 54.4 -1.5 2.6 0.0 142.4 84.4 58.1 269.5 3.2 21.0 93.4 58.8 31.6 5.3 0.8 -0.8 5.3 -1.9 -0.4 17.0 -4.9 0.0 139.9 1.5 0.1 154.5 -16.2 -39.4 -424.4 30.6 64.5 -458.3
1889.8 1540.2 280.0 69.7 1377.6 1040.8 336.8 3.4 515.6 529.6 0.2 529.4 817.1 0.6 -10.1 14.6 5.2 2.6 270.1 582.8 66.2 276.4 184.9 91.5 12.3 46.8 -34.5 8.0 220.8 -0.8 5.2 26.2 1.3 0.0 -81.3 63.8 -145.0 287.7 -0.9 36.0 42.4 18.3 28.7 -2.5 -0.6 3.8 -5.7 -2.1 0.0 118.0 6.1 0.0 86.2 1.4 0.2 149.6 -65.0 -13.9 -499.4 56.8 69.7 -512.3
2244.0 1797.8 361.3 84.9 1619.9 1182.4 437.5 2.4 626.5 530.0 0.0 530.0 1404.0 -0.4 8.8 22.4 34.1 4.1 204.9 854.4 37.0 366.9 273.3 93.6 178.2 93.5 84.7 6.5 259.5 6.3 25.0 32.7 -1.1 0.0 219.0 146.0 73.1 874.0 -3.2 89.9 154.7 68.7 85.8 3.8 1.0 4.5 -1.7 -3.7 0.1 84.8 3.5 0.0 544.3 2.0 -0.0 316.2 226.2 96.5 -615.4 76.2 84.9 -624.1
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62
(1) Table F.9, line 11. (2) Line 1 minus line 5 plus line 8; equals net lending or net borrowing (-), NIPAs, with the sign reversed. Also equal to line 62 with the sign reversed plus 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.
FFA, 1995-2004, March 12, 2009
15
F.108 Monetary Authority (1)
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42
Gross saving Fixed nonresidential investment Net acquisition of financial assets Gold and foreign exchange SDR certificates Treasury currency Federal Reserve float Federal Reserve loans to domestic banks Discount window (2) AMLF (3) Security RPs Credit market instruments Open market paper Treasury securities Agency- and GSE-backed securities Bank loans n.e.c. Rest of world Brokers and dealers (4) Funding corporations (Maiden Lane) (5) Funding corporations (AIG) Funding corporations (Maiden Lane II) (6) Funding corporations (Maiden Lane III)(7) Funding corporations (CPFF) (8) Miscellaneous assets Nonofficial foreign currencies (9) Other Net increase in liabilities Depository institution reserves Vault cash of commercial banks Checkable deposits and currency Due to federal government Treasury cash holdings Treasury general deposit account Treasury temporary supplementary financing account Due to rest of the world Due to government-sponsored enterprises Currency outside banks Security RPs Miscellaneous liabilities Federal Reserve Bank stock Other Discrepancy
-0.6 1.6 19.8 3.2 2.2 1.0 0.8 -0.1 -0.1 0.0 3.3 12.7 0.0 13.7 -1.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -3.2 0.0 -3.2 19.5 -1.2 2.4 16.9 -1.2 -0.1 -1.2 0.0 0.1 0.0 18.0 0.0 1.4 0.3 1.1 -2.4
2.5 1.7 23.3 -3.8 -0.5 1.0 4.2 -0.1 -0.1 0.0 7.7 12.3 0.0 12.7 -0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 0.0 2.4 22.8 -5.1 4.6 23.3 1.7 -0.0 1.8 0.0 -0.2 -0.0 21.8 0.0 -0.0 0.6 -0.7 0.3
3.7 1.9 38.8 -1.5 -0.5 0.6 -3.6 2.0 2.0 0.0 2.3 38.3 0.0 39.8 -1.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.3 0.0 1.3 38.1 6.3 -0.2 29.8 -2.3 -0.0 -2.3 0.0 0.3 0.0 31.9 0.0 2.1 0.8 1.3 1.1
-0.7 2.4 32.9 0.8 0.0 0.7 0.9 -2.0 -2.0 0.0 6.5 21.1 0.0 21.4 -0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4.9 0.0 4.9 32.1 -4.5 -2.9 39.0 0.5 -0.1 0.6 0.0 -0.3 0.7 38.1 0.0 0.6 0.5 0.1 -3.8
1.7 3.4 130.0 -1.7 -3.0 1.7 -1.9 0.2 0.2 0.0 110.3 25.7 0.0 25.8 -0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -1.3 0.0 -1.3 129.5 -2.3 24.5 108.2 22.3 0.0 22.3 0.0 -0.1 -0.4 86.4 0.0 -0.9 0.5 -1.4 -2.1
6.5 2.7 -60.9 0.9 -4.0 3.6 1.1 -0.1 -0.1 0.0 -97.3 33.7 0.0 33.7 -0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.1 0.0 1.1 -61.3 -5.0 -22.2 -35.1 -22.9 0.3 -23.3 0.0 0.1 0.1 -12.5 0.0 1.0 0.6 0.4 3.4
2.3 2.4 47.0 0.3 0.0 1.4 -0.9 -0.1 -0.1 0.0 6.9 39.9 0.0 40.0 -0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.4 0.0 -0.4 46.5 -1.6 2.9 47.4 1.5 -0.0 1.5 0.0 -0.2 -0.6 46.7 0.0 -2.3 0.4 -2.7 -0.6
0.3 2.1 70.7 0.3 0.0 1.6 0.4 0.0 0.0 0.0 -10.8 77.7 0.0 77.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.4 0.0 1.4 69.6 5.1 0.5 41.9 -2.3 -0.1 -2.2 0.0 0.1 0.4 43.7 21.1 1.1 1.0 0.1 -2.8
-0.8 2.1 43.2 0.3 0.0 0.9 -0.7 0.0 0.0 0.0 4.3 37.2 0.0 37.3 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.3 0.0 1.3 42.7 0.5 0.1 37.3 1.3 -0.0 1.3 0.0 0.0 -0.5 36.5 4.6 0.2 0.5 -0.3 -3.4
3.2 2.6 44.4 0.3 0.0 1.0 1.2 -0.0 -0.0 0.0 -10.8 51.2 0.0 51.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.5 0.0 1.5 41.7 1.0 -6.4 37.7 0.1 -0.1 0.2 0.0 -0.1 0.6 37.1 5.1 4.2 3.1 1.2 -2.3
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42
(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. (4) Loans extended through the Federal Reserve’s Primary Dealer Credit Facility and AMLF. (5) 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. (6) 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. (7) Loan extended by the Federal Reserve to Maiden Lane III LLC to purchase CDOs on which AIG has written credit default swap contracts. (8) Loan extended by the Federal Reserve to Commercial Paper Funding Facility LLC. (9) Reciprocal currency arrangements (swap lines) with foreign central banks.
16
FFA, 1995-2004, March 12, 2009
F.109 Commercial Banking (1)
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40
Gross saving Fixed nonresidential investment Net acquisition of financial assets Vault cash Reserves at Federal Reserve Checkable deposits and currency Total bank credit Open market paper Treasury securities Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds Bank loans n.e.c. Mortgages Consumer credit Security credit Corporate equities Mutual fund shares Customers’ liab. on acceptances (2) Miscellaneous assets Net increase in liabilities Net interbank liabilities To monetary authority To domestic banks (3) To foreign banks Checkable deposits Federal government Rest of the world Private domestic Small time and savings deposits Large time deposits Federal funds and security RPs (net) Credit market instruments Open market paper Corporate bonds Other loans and advances Corporate equity issues Taxes payable Miscellaneous liabilities Discrepancy Memo:
40.2 13.2 335.8 2.4 -1.0 0.2 273.4 -0.1 -11.7 38.7 -4.2 8.0 114.7 77.5 43.6 4.6 2.1 0.3 -0.6 61.4 292.2 8.8 0.7 -3.0 11.1 -45.9 -4.7 0.9 -42.1 113.9 54.8 21.8 22.5 -2.2 18.5 6.2 -8.7 0.9 124.0 -16.7
30.0 16.9 216.5 4.6 -4.7 -0.2 189.9 0.8 -16.9 28.2 0.9 1.1 92.1 55.2 25.1 1.3 1.8 0.3 1.0 25.9 200.2 -51.2 4.1 -3.4 -52.0 -34.6 9.7 2.8 -47.1 123.1 105.3 37.6 13.0 2.9 7.8 2.3 -14.3 1.2 20.1 -3.2
40.7 20.6 457.3 -0.2 6.8 -0.1 350.0 -0.8 8.3 75.5 2.4 26.0 128.2 99.9 -12.4 21.7 0.6 0.8 -2.8 103.5 470.6 -25.8 -1.6 -19.8 -4.3 -19.8 -0.9 4.8 -23.7 148.3 107.9 69.0 46.1 3.3 23.7 19.1 -27.7 1.4 171.2 33.4
37.6 23.6 419.1 -2.9 -4.6 0.6 336.1 -0.2 -56.0 92.0 8.2 35.7 146.5 91.7 -3.1 20.3 1.3 -0.4 -9.3 99.1 397.4 -24.3 -1.1 3.8 -27.1 -33.5 -14.6 -3.1 -15.8 183.7 72.1 39.9 72.9 -1.5 27.6 46.9 -11.2 1.7 96.3 -7.6
45.3 23.6 348.8 24.5 -2.0 0.3 301.5 0.3 14.8 36.4 5.9 33.9 69.8 158.4 -4.2 -18.0 2.0 2.3 -3.1 27.6 248.6 -4.1 -1.7 3.2 -5.7 3.4 36.4 0.0 -33.0 72.0 119.6 69.8 67.2 6.1 20.4 40.6 -10.2 1.9 -70.9 -78.5
62.9 22.3 472.4 -22.2 -5.0 -0.5 425.4 0.2 -44.4 22.3 3.4 56.0 126.9 164.6 43.3 50.4 0.3 2.5 -0.7 75.4 543.8 39.1 1.0 17.3 20.8 -85.5 -33.2 2.0 -54.3 211.6 92.8 39.6 60.0 0.6 32.6 26.8 -12.5 2.1 196.5 112.0
81.7 22.0 350.2 2.9 -2.2 1.1 218.0 0.0 -21.9 55.6 6.1 97.0 -73.9 129.8 17.4 0.0 0.2 7.8 -2.9 133.3 329.1 -29.4 -1.0 17.2 -45.6 56.5 -0.4 -4.9 61.7 249.4 32.7 -20.8 52.9 -8.3 37.0 24.2 -8.1 2.4 -6.5 38.6
93.3 18.9 476.6 0.5 4.5 -0.3 408.7 0.0 43.2 140.5 1.5 -3.2 -79.8 268.5 34.1 2.8 -0.6 1.7 -0.0 63.3 469.8 11.9 0.4 7.2 4.2 -57.3 -16.4 -0.7 -40.3 269.4 -2.8 85.0 49.7 -2.5 22.0 30.2 -10.7 2.6 121.9 67.5
86.3 19.0 495.2 0.1 -0.0 -0.0 353.1 0.0 2.5 84.2 11.0 43.4 -57.4 197.5 52.8 23.0 2.4 -6.2 -0.2 142.2 447.0 -15.2 -0.7 -4.3 -10.1 35.7 -0.9 4.0 32.6 231.7 12.8 38.0 48.5 -6.3 46.2 8.6 -2.1 2.9 94.7 19.1
67.4 22.3 762.2 -6.4 1.1 1.0 604.4 0.0 -24.5 95.0 8.1 82.4 75.1 339.8 34.9 -5.1 -0.3 -0.9 -0.4 162.4 941.0 24.9 1.2 14.9 8.8 39.5 -3.2 9.2 33.6 280.6 192.5 13.1 78.4 10.6 59.0 8.8 17.6 3.2 291.3 224.0
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40
41 42
Credit market funds advanced (4) Consumer leases not included above (5)
265.9 0.0
187.5 0.0
324.3 0.0
305.6 0.0
312.2 0.0
371.5 0.0
207.1 0.0
404.8 0.0
333.7 0.0
610.3 0.0
41 42
(1) U.S.-chartered commercial banks, foreign banking offices in U.S., bank holding companies, and banks in U.S.-affiliated areas. IBFs are excluded from domestic banking and treated the same as branches in foreign countries. (2) Included in other loans and advances (table F.216). (3) Floats and discrepancies in interbank transactions. (4) Total bank credit (line 7) less security credit (line 16) less corporate equities (line 17) less mutual fund shares (line 18) plus customers’ liability on acceptances (line 19). (5) Receivables from operating leases, such as consumer automobile leases, are booked as current income when payments are received and are not included in financial assets (or household liabilities). The leased automobile is a tangible asset; depreciation flows are included in line 1, and fixed investment flows are included in line 2.
FFA, 1995-2004, March 12, 2009
17
F.110 U.S.-Chartered Commercial Banks
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46
Gross saving Fixed nonresidential investment Net acquisition of financial assets Vault cash and reserves at Federal Reserve Total bank credit Open market paper Treasury securities Agency- and GSE-backed securities Mortgage pass-through securities CMOs and other structured MBS Other Municipal securities Corporate and foreign bonds Private mortgage pass-through securities Private CMOs and other structured MBS Other Bank loans n.e.c. Mortgages Consumer credit Security credit Corporate equities Mutual fund shares Customers’ liab. on acceptances (1) Miscellaneous assets Net increase in liabilities Net interbank liabilities Federal Reserve float Borrowing from Federal Reserve banks To domestic banking To foreign banks Checkable deposits Federal government Rest of the world Private domestic Small time and savings deposits Large time deposits Federal funds and security RPs (net) Acceptance liabilities Corporate bonds Other loans and advances Corporate equity issues Taxes payable Miscellaneous liabilities Investment by bank holding companies Other Discrepancy Memo:
11.5 10.5 200.6 1.6 194.8 0.3 -40.4 23.4 12.9 -18.4 28.8 -4.3 2.9 0.9 3.5 -1.4 77.0 81.7 43.6 8.3 2.1 0.3 2.4 1.8 181.3 -6.6 0.8 -0.1 -7.2 -0.2 -46.0 -4.7 1.0 -42.2 113.4 42.6 19.6 2.3 2.7 6.2 2.6 0.9 43.6 40.1 3.5 -18.3
-8.0 13.1 122.7 -0.4 115.2 0.3 -34.7 15.3 21.4 -11.5 5.4 1.0 -4.8 -0.4 -3.1 -1.3 58.2 57.5 25.1 -4.8 1.8 0.3 1.6 6.2 139.1 -55.8 4.2 -0.1 -23.6 -36.3 -34.4 9.7 3.5 -47.5 122.8 49.5 25.3 1.7 7.7 2.3 3.2 1.2 15.6 28.6 -13.0 -4.7
0.2 15.7 290.9 4.9 280.7 -0.6 -6.1 60.4 31.1 17.5 11.8 2.4 17.8 -1.2 0.7 18.4 108.1 105.5 -12.4 4.2 0.6 0.8 -0.2 5.5 339.1 4.3 -3.6 2.0 -6.6 12.6 -21.1 -0.9 4.4 -24.6 143.9 63.2 43.5 -0.3 10.7 19.1 3.2 1.4 71.2 40.7 30.5 32.8
-0.4 17.6 303.5 -5.7 329.5 -0.1 -42.0 81.7 53.8 8.9 19.1 8.2 30.3 0.9 20.3 9.0 145.6 95.9 -3.1 11.9 1.3 -0.4 -4.6 -15.8 313.5 20.4 0.9 -2.0 -2.5 24.0 -34.5 -14.6 -2.8 -17.1 186.4 34.8 19.7 -4.6 10.5 46.9 3.8 1.7 28.3 55.3 -27.0 -7.9
-9.1 17.2 345.4 22.0 316.6 -0.1 -2.0 29.4 -17.8 5.0 42.2 5.8 37.8 0.6 6.0 31.2 93.3 161.1 -4.2 -8.8 2.0 2.3 -2.5 9.2 291.8 36.8 -1.9 0.2 -11.3 49.7 2.9 36.4 -0.5 -33.0 73.0 61.6 87.5 -2.5 3.7 40.6 3.6 1.9 -17.2 2.9 -20.1 -79.8
11.5 15.8 329.1 -26.2 363.7 0.2 -35.0 18.2 14.1 -9.8 13.9 3.2 50.1 -0.4 7.7 42.8 112.1 161.6 43.3 7.1 0.3 2.5 -0.7 -7.6 444.0 73.8 1.1 -0.1 27.4 45.4 -85.0 -33.2 2.4 -54.2 210.6 87.9 -11.1 -0.6 10.6 26.8 4.0 2.1 124.9 53.6 71.3 110.6
21.5 15.0 229.7 0.6 211.0 0.0 -31.4 73.7 52.8 57.2 -36.2 6.3 63.7 21.2 2.8 39.7 -59.6 125.8 17.4 7.2 0.2 7.8 -2.3 20.4 259.7 2.0 -0.9 -0.1 16.5 -13.6 53.0 -0.4 -2.5 55.9 240.4 -25.2 -9.7 -2.3 8.3 24.2 7.2 2.4 -40.5 60.7 -101.2 36.5
19.8 12.5 389.0 4.4 392.2 0.0 29.9 121.1 84.3 -9.2 46.0 1.5 -0.8 -13.3 8.1 4.4 -57.8 265.7 34.1 -2.7 -0.6 1.7 0.3 -8.0 446.1 57.2 0.4 0.0 20.9 35.9 -55.6 -16.4 -0.3 -38.9 273.6 24.3 43.1 0.3 -0.6 30.2 4.7 2.6 66.3 53.1 13.1 64.5
13.9 12.2 410.4 0.5 361.6 0.0 7.1 85.1 56.6 2.4 26.1 10.9 41.5 0.2 25.2 16.1 -39.1 194.9 52.8 12.2 2.4 -6.2 -0.2 48.5 424.6 -9.4 -0.7 0.0 -54.9 46.2 33.1 -0.9 4.3 29.7 229.6 3.0 42.7 -0.2 4.8 8.6 7.5 2.9 102.0 50.5 51.5 15.9
4.3 14.1 587.8 -5.2 583.4 0.0 -19.2 89.7 90.3 -4.8 4.2 8.3 58.8 6.7 15.4 36.7 67.6 334.0 34.9 10.7 -0.3 -0.9 -0.5 10.1 818.1 90.0 1.2 -0.0 33.0 55.8 38.8 -3.2 9.7 32.3 279.7 115.6 14.6 -0.4 10.4 8.8 5.9 3.2 251.7 167.2 84.4 220.5
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46
47 48
Credit market funds advanced (2) Consumer leases not included above (3)
186.5 0.0
119.6 0.0
274.9 0.0
312.1 0.0
318.6 0.0
353.1 0.0
193.5 0.0
394.2 0.0
353.0 0.0
573.5 0.0
47 48
(1) Included in other loans and advances (table F.216). (2) Total bank credit (line 5) less security credit (line 20) less corporate equities (line 21) less mutual fund shares (line 22) plus customers’ liability on acceptances (line 23). (3) Receivables from operating leases, such as consumer automobile leases, are booked as current income when payments are received and are not included in financial assets (or household liabilities). The leased automobile is a tangible asset; depreciation flows are included in line 1, and fixed investment flows are included in line 2.
18
FFA, 1995-2004, March 12, 2009
F.111 Foreign Banking Offices in U.S. (1)
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
Gross saving Fixed nonresidential investment Net acquisition of financial assets Reserves at Federal Reserve Total bank credit Open market paper Treasury securities Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds Bank loans n.e.c. Mortgages Security credit Corporate equities Customers’ liab. on acceptances (2) Miscellaneous assets Net increase in liabilities Net interbank liabilities To foreign banks To domestic banks Checkable deposits Small time and savings deposits Large time deposits Federal funds and security RPs (net) Acceptance liabilities Miscellaneous liabilities Foreign direct investment in U.S. Due to affiliates Other Discrepancy Memo:
2.6 2.5 76.6 -0.1 74.7 -0.4 29.6 14.3 0.0 4.6 35.4 -5.1 -3.7 0.0 -2.9 5.0 78.5 18.7 15.1 3.6 -0.1 -0.7 11.0 1.8 -3.1 50.9 6.6 6.7 37.6 2.0
2.8 3.4 48.5 0.3 70.0 0.5 18.4 12.4 0.0 3.2 32.2 -2.9 6.2 -0.0 -0.6 -21.2 50.6 -2.5 -11.5 9.0 -0.7 0.1 55.6 12.0 -0.7 -13.3 -0.1 13.7 -26.9 1.5
3.2 4.6 96.5 1.8 60.2 -0.2 14.4 12.5 0.0 3.1 19.2 -6.1 17.5 -0.0 -2.5 37.0 98.9 -30.4 -17.6 -12.7 0.8 4.4 44.7 25.6 -2.4 56.2 7.7 14.3 34.2 1.1
3.7 5.6 -4.8 -1.9 1.5 -0.1 -10.3 5.2 0.0 5.6 -1.7 -5.7 8.4 0.0 -4.7 0.3 -2.0 -55.0 -51.7 -3.3 -0.2 -3.7 36.3 19.7 -4.8 5.8 5.5 11.8 -11.4 0.8
4.2 6.1 -55.5 0.4 -25.7 0.4 9.7 4.9 0.0 -4.6 -22.4 -4.5 -9.3 0.0 -0.6 -29.7 -52.4 -45.0 -51.2 6.2 0.6 -1.8 57.2 -17.9 -0.4 -45.0 19.4 2.5 -66.9 1.3
4.8 6.2 38.4 -1.0 67.2 -0.1 -0.5 0.4 0.0 8.3 14.6 1.2 43.2 0.0 -0.0 -27.7 42.0 -40.8 -57.1 16.2 -0.4 -0.4 3.4 52.3 -0.0 27.9 9.7 45.6 -27.5 2.2
5.3 6.6 3.1 0.2 -7.2 0.0 9.8 -22.0 0.0 30.6 -19.1 0.7 -7.2 0.0 -0.6 10.7 7.1 -16.1 -35.3 19.2 0.4 4.5 53.3 -11.0 -0.9 -23.1 8.4 -21.9 -9.7 2.7
5.5 6.0 9.2 0.6 12.0 0.0 12.9 10.9 0.0 0.3 -18.6 1.1 5.5 0.0 -0.4 -3.1 13.6 -42.3 -32.3 -10.0 -0.7 -2.3 -25.1 39.5 -0.4 44.8 2.1 18.6 24.1 3.9
5.7 6.3 -50.9 -0.4 -27.7 0.0 -7.0 -6.5 0.0 0.2 -23.6 -1.5 10.8 0.0 -0.0 -22.8 -46.1 -17.4 -12.2 -5.2 1.1 0.8 8.5 -5.7 -0.1 -33.4 4.2 7.4 -44.9 4.3
6.5 7.9 -117.4 -0.1 7.1 0.0 -5.9 -1.2 0.0 22.4 8.2 -0.6 -15.8 0.0 0.1 -124.5 -112.2 -66.8 -72.6 5.7 -0.8 -0.7 75.4 -0.2 0.1 -119.2 17.9 33.0 -170.1 3.9
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
31
Credit market funds advanced (3)
75.4
63.3
40.2
-11.6
-17.0
23.9
-0.6
6.2
-38.5
23.0
31
(1) Branches and agencies of foreign banks, Edge Act and Agreement corporations, New York investment companies (through 1996:Q2), and American Express Bank. (2) Included in other loans and advances (table 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).
FFA, 1995-2004, March 12, 2009
19
F.112 Bank Holding Companies
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
Gross saving Fixed nonresidential investment Net acquisition of financial assets Credit market instruments Treasury securities Agency- and GSE-backed securities Corporate and foreign bonds Bank loans n.e.c. Miscellaneous assets Investment in bank subsidiaries Investment in nonbank subsidiaries Other Net increase in liabilities Net interbank liabilities To domestic banks To foreign banks Federal funds and security RPs (net) Credit market instruments Commercial paper Corporate bonds Corporate equity issues Miscellaneous liabilities Equity, etc. Other Discrepancy
26.0 0.2 52.6 -0.3 -1.2 -0.2 0.6 0.4 53.0 40.1 8.2 4.6 26.8 -3.2 0.6 -3.8 0.4 14.4 -1.4 15.8 -11.3 26.6 12.7 13.9 -0.0
35.1 0.2 44.0 3.9 0.6 0.3 2.8 0.2 40.1 28.6 0.3 11.3 9.2 7.0 11.2 -4.1 0.4 2.0 1.9 0.1 -17.5 17.3 -11.9 29.2 -0.0
37.2 0.2 64.5 5.4 -0.1 0.6 5.0 -0.0 59.0 40.7 25.0 -6.7 27.4 0.3 -0.4 0.8 0.0 19.0 6.0 13.0 -30.9 39.0 -13.1 52.1 -0.0
34.2 0.2 110.6 -0.9 -3.1 1.1 -0.7 1.7 111.6 55.3 44.1 12.1 76.6 10.2 9.6 0.6 0.5 24.9 7.8 17.1 -15.0 56.0 24.7 31.2 -0.1
50.0 0.2 55.2 6.2 7.9 -1.3 1.2 -1.6 49.0 2.9 17.3 28.9 5.4 4.1 8.2 -4.1 0.1 25.8 9.1 16.7 -13.8 -10.8 -38.6 27.8 -0.1
46.5 0.2 100.7 -12.2 -7.9 -0.5 -2.8 -0.9 112.9 53.6 38.4 20.9 54.4 6.2 -26.3 32.5 -1.6 23.2 1.2 22.0 -16.5 43.1 10.3 32.8 -0.0
54.9 0.2 100.5 4.2 0.4 1.4 2.1 0.3 96.4 60.7 29.8 5.9 45.8 -15.3 -18.6 3.3 -0.1 23.6 -5.1 28.7 -15.3 52.9 -8.9 61.8 -0.0
67.9 0.4 83.4 3.1 0.1 4.5 -2.4 0.9 80.3 53.1 -0.2 27.3 15.7 -3.0 -3.6 0.6 2.4 20.3 -2.3 22.6 -15.4 11.5 -44.0 55.4 -0.1
66.6 0.3 127.3 8.6 1.4 0.9 1.3 5.0 118.7 50.5 45.7 22.4 61.0 11.6 55.8 -44.1 0.9 35.4 -6.0 41.4 -9.6 22.6 -37.5 60.1 -0.1
56.4 0.2 275.8 -0.0 -0.8 1.9 1.3 -2.5 275.9 167.2 76.2 32.4 219.6 1.7 -23.8 25.6 -1.3 59.5 10.8 48.7 11.7 148.0 129.4 18.6 -0.0
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
F.113 Banks in U.S.-Affiliated Areas (1)
Billions of dollars
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 Gross saving Fixed nonresidential investment Net acquisition of financial assets Checkable deposits and currency Credit market instruments Treasury securities Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds Bank loans n.e.c. Home mortgages Commercial mortgages Miscellaneous assets Net increase in liabilities Checkable deposits Small time and savings deposits Large time deposits Miscellaneous liabilities Discrepancy 0.1 0.1 5.9 0.2 4.2 0.2 1.3 0.1 -0.1 1.8 1.0 -0.0 1.6 5.5 0.2 1.2 1.2 2.9 -0.4 0.1 0.1 1.3 -0.2 0.7 -1.3 0.2 -0.1 -0.1 1.4 0.6 -0.1 0.8 1.4 0.5 0.2 0.2 0.6 0.0 0.1 0.2 5.5 -0.1 3.7 0.1 2.0 -0.0 0.1 0.9 0.1 0.5 1.8 5.1 0.4 -0.0 -0.0 4.7 -0.4 0.1 0.2 9.8 0.6 6.0 -0.7 3.9 -0.1 0.5 0.9 1.1 0.4 3.1 9.4 1.2 1.0 1.0 6.3 -0.4 0.1 0.2 3.7 0.3 4.4 -0.7 3.3 0.1 -0.5 0.5 0.6 1.2 -1.0 3.8 0.0 0.8 0.8 2.2 0.1 0.1 0.2 4.0 -0.5 6.7 -1.0 4.3 0.1 0.3 1.1 1.0 0.8 -2.1 3.4 -0.1 1.4 1.4 0.7 -0.7 0.1 0.2 17.0 1.1 10.0 -0.6 2.5 -0.2 0.6 4.5 -0.9 4.2 5.9 16.4 3.1 4.6 4.6 4.2 -0.5 0.1 0.1 -5.0 -0.3 1.3 0.3 3.9 0.0 -0.3 -4.3 1.5 0.2 -6.0 -5.7 -1.1 -1.9 -1.9 -0.7 -0.7 0.1 0.1 8.4 -0.0 10.6 1.0 4.7 0.1 0.4 0.3 2.5 1.6 -2.2 7.5 1.5 1.3 1.3 3.4 -0.9 0.1 0.1 15.9 1.0 13.9 1.4 4.7 -0.2 -0.2 1.8 3.4 3.1 0.9 15.5 1.6 1.6 1.6 10.8 -0.4 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 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.
20
FFA, 1995-2004, March 12, 2009
F.114 Savings Institutions (1)
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40
Gross saving Fixed nonresidential investment Net acquisition of financial assets Reserves at Federal Reserve Checkable deposits and currency Time and savings deposits Federal funds and security RPs Credit market instruments Open market paper Treasury securities Agency- and GSE-backed securities Mortgage pass-through securities CMOs and other structured MBS Other Municipal securities Corporate and foreign bonds Private mortgage pass-through securities Private CMOs and other structured MBS Other Other loans and advances Mortgages Consumer credit Corporate equities Miscellaneous assets Net increase in liabilities Deposits Checkable Small time and savings Large time Security RPs Credit market instruments Corporate bonds Bank loans n.e.c. Other loans and advances Corporate equities Taxes payable Miscellaneous liabilities Investment by parent Other Discrepancy
4.1 2.3 0.9 -0.2 1.7 -0.2 4.8 -7.6 0.0 -8.7 4.7 1.0 0.0 3.7 -0.0 -8.2 -4.5 0.0 -3.7 2.5 0.6 1.6 0.7 1.7 -6.7 -5.7 -2.0 -12.9 9.2 -0.0 2.6 -0.0 5.2 -2.6 0.0 0.5 -4.2 0.1 -4.2 -5.8
-0.0 2.8 16.1 -0.4 -1.4 0.3 -1.2 19.9 0.1 -1.0 -8.5 -7.0 0.0 -1.5 0.1 -9.9 -3.7 0.0 -6.3 3.0 31.6 4.6 0.6 -1.8 15.8 -6.5 -1.3 -11.5 6.3 -0.9 25.5 -0.4 1.4 24.5 0.0 -0.5 -1.8 0.2 -2.0 -3.1
2.4 3.0 -8.4 -0.5 1.0 -0.4 -0.8 -4.7 -0.3 -2.8 -0.8 -3.7 0.0 2.9 0.0 -9.9 -5.9 0.0 -4.0 3.1 3.5 2.5 0.2 -3.2 -13.0 -25.7 -5.3 -32.0 11.7 -1.9 19.7 0.1 3.5 16.2 0.0 0.6 -5.8 0.3 -6.1 -5.2
3.6 3.2 60.9 0.1 3.2 0.5 5.5 37.0 0.0 -4.4 -11.6 -6.8 0.0 -4.7 0.4 29.9 -1.9 0.0 31.8 5.3 12.1 5.2 1.5 13.1 55.8 -2.6 -0.8 -17.4 15.7 9.5 52.2 -0.2 10.3 42.1 0.0 0.8 -4.1 0.4 -4.5 -4.8
6.3 3.1 61.9 -0.2 2.1 -0.1 -4.2 67.2 0.0 -0.0 3.4 -1.5 0.0 5.0 0.5 23.3 5.1 0.0 18.2 6.5 24.1 9.4 -0.7 -2.1 61.5 6.1 -2.0 -0.4 8.5 21.4 48.0 0.2 -15.7 63.5 0.2 -1.0 -13.2 0.5 -13.7 2.8
6.3 2.9 67.2 0.1 -1.5 0.1 4.3 56.2 0.0 -1.4 -6.7 -6.7 0.0 0.0 0.2 -2.5 0.6 0.0 -3.2 8.7 54.9 3.0 0.4 7.7 60.2 27.5 1.2 6.4 19.9 -19.6 40.8 3.5 21.0 16.3 0.4 0.5 10.7 0.7 10.0 -3.5
7.6 2.7 73.3 0.6 2.0 0.8 5.4 44.7 0.0 2.7 21.0 6.7 0.0 14.3 1.6 -25.6 -5.8 0.0 -19.7 3.6 35.1 6.3 3.2 16.6 66.4 46.6 3.2 16.6 26.8 3.8 -0.0 -2.6 3.5 -0.9 1.0 1.0 14.0 0.8 13.3 -2.1
12.2 2.3 58.8 0.6 3.8 0.4 -0.3 33.4 0.0 -2.2 14.7 17.0 0.0 -2.3 0.9 -4.0 -2.6 0.0 -1.4 3.3 23.0 -2.4 2.0 19.1 42.2 66.7 1.8 20.9 44.0 -15.3 -23.1 -0.2 4.5 -27.4 0.9 -0.8 13.9 0.9 13.0 -6.7
9.7 2.2 114.1 0.5 0.0 0.0 -7.7 127.3 0.0 3.0 22.6 -18.9 24.3 17.2 0.9 -8.0 0.1 5.7 -13.8 10.1 89.6 9.2 -1.0 -5.2 103.8 84.8 5.4 47.2 32.2 19.3 35.3 1.7 16.0 17.6 1.6 0.4 -37.7 1.0 -38.7 -2.8
7.2 2.6 184.8 -0.1 -3.5 0.6 -3.2 103.5 0.0 -3.9 -82.3 0.9 -45.3 -38.0 0.8 -12.7 -2.5 -11.0 0.8 1.3 186.8 13.4 -1.1 88.6 165.2 40.0 0.5 -14.4 54.0 2.4 91.4 2.5 28.9 60.0 -0.3 1.0 30.9 1.2 29.7 -14.9
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40
(1) Savings and loan associations, mutual savings banks, and federal savings banks.
FFA, 1995-2004, March 12, 2009
21
F.115 Credit Unions
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23
Gross saving Fixed nonresidential investment Net acquisition of financial assets Checkable deposits and currency Time and savings deposits Federal funds and security RPs (net) Credit market instruments Open market paper Treasury securities Agency- and GSE-backed securities Corporate and foreign bonds Home mortgages Consumer credit Mutual fund shares Miscellaneous assets Net increase in liabilities Shares/deposits Checkable Small time and savings Large time Other loans and advances Miscellaneous liabilities Discrepancy
5.4 0.9 17.1 0.9 0.4 0.2 16.2 -1.6 -3.8 4.9 0.0 4.4 12.3 0.2 -0.8 13.4 15.4 2.1 11.6 1.7 -0.1 -1.9 0.7
5.8 1.3 19.5 0.1 -0.7 -4.9 25.5 -0.3 -0.9 4.9 0.0 9.5 12.2 -0.3 -0.2 16.4 16.3 1.6 12.3 2.4 0.1 0.0 1.5
4.7 1.6 23.7 0.6 0.6 2.0 16.8 -0.1 -1.8 0.4 0.0 10.1 8.2 -0.2 3.8 20.5 20.3 4.1 13.2 2.9 0.1 0.1 -0.1
4.8 1.9 37.7 1.0 6.4 3.4 18.9 0.2 -2.5 7.3 0.0 10.8 3.0 1.2 6.8 34.7 33.6 6.4 23.1 4.1 0.6 0.5 -0.0
5.3 1.9 23.0 17.3 -6.8 2.4 27.5 1.5 -3.5 2.9 0.0 14.1 12.5 -1.1 -16.4 20.8 17.7 2.3 12.3 3.1 2.2 0.9 1.1
6.1 1.9 26.5 0.3 -1.1 -5.3 28.0 -0.6 -1.4 -0.4 0.0 13.8 16.5 -0.3 4.9 22.0 22.4 5.9 13.0 3.5 0.0 -0.4 -0.4
6.0 1.9 64.4 10.1 7.4 -1.5 41.5 1.2 -0.8 19.6 0.0 16.4 5.1 1.5 5.4 60.8 61.1 3.5 48.6 9.0 1.5 -1.8 0.4
7.4 1.7 58.5 1.6 1.6 -0.8 44.2 -0.9 0.1 -1.5 22.1 18.2 6.2 -0.2 12.1 53.4 49.5 5.7 35.1 8.7 2.0 1.9 0.6
7.5 1.8 53.2 3.2 2.5 -0.1 51.2 -0.8 1.2 15.2 2.3 23.2 10.1 0.5 -4.1 49.2 45.3 6.0 28.5 10.8 2.2 1.7 1.8
7.9 2.2 37.5 -1.4 -0.7 2.6 39.8 0.1 0.1 -1.1 0.6 30.6 9.5 -0.9 -1.8 33.7 29.5 7.6 15.5 6.4 2.3 1.9 1.9
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23
F.116 Property-Casualty Insurance Companies
Billions of dollars
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Gross saving Fixed nonresidential investment Net acquisition of financial assets Checkable deposits and currency Security RPs Credit market instruments Treasury securities Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds Commercial mortgages Corporate equities Mutual fund shares Trade receivables Miscellaneous assets Net increase in liabilities Corporate equity issues Taxes payable Miscellaneous liabilities Discrepancy 5.1 3.7 37.0 -0.2 8.1 21.5 0.5 2.3 7.0 12.7 -1.0 -0.9 0.3 4.4 3.8 21.3 -2.2 0.7 22.8 -14.3 3.6 2.4 16.2 -0.9 -2.1 22.5 -12.6 2.8 14.4 18.3 -0.4 -7.1 0.3 -0.1 3.6 8.1 -4.8 0.6 12.3 -6.8 1.9 2.8 37.1 0.3 -0.2 25.2 2.1 1.7 2.6 18.9 -0.2 2.6 0.4 2.7 6.1 -2.5 -13.7 0.5 10.7 -40.6 4.0 3.6 16.5 -0.2 7.4 5.8 -20.8 -1.2 16.5 11.6 -0.3 -5.4 0.3 1.6 6.9 -0.2 -4.7 -1.1 5.6 -16.4 4.1 4.0 -9.0 0.2 -14.4 -3.0 -9.7 5.9 -9.1 10.0 -0.0 -1.7 0.1 2.0 7.7 6.1 -7.8 0.1 13.8 15.2 -2.8 4.5 8.9 -0.6 10.0 -8.7 -8.6 8.6 -14.9 6.4 -0.3 0.3 0.4 1.0 6.4 1.4 -4.5 0.1 5.8 -14.8 -6.2 4.3 16.6 9.4 -8.1 9.0 -0.0 10.1 -10.3 8.9 0.2 -0.7 0.4 5.3 1.3 27.3 0.5 0.3 26.5 0.2 11.8 4.5 85.0 12.8 14.2 39.9 9.2 19.0 9.2 2.4 0.1 -1.6 0.5 4.9 14.3 50.6 6.2 -7.4 51.8 -27.1 28.1 4.4 88.3 8.6 8.5 67.0 3.5 2.2 41.2 20.0 0.1 -3.4 0.7 4.5 2.3 58.4 4.1 4.7 49.6 -6.1 30.1 6.0 80.3 -8.7 10.2 73.6 6.6 -3.3 43.6 26.4 0.3 -3.9 0.5 0.3 8.4 39.5 -4.0 0.5 43.0 -16.7 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
22
FFA, 1995-2004, March 12, 2009
F.117 Life Insurance Companies
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24
Gross saving Fixed nonresidential investment Net acquisition of financial assets Checkable deposits and currency Money market fund shares Credit market instruments Open market paper Treasury securities Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds Other loans and advances Mortgages Corporate equities Mutual fund shares Miscellaneous assets Net increase in liabilities Corporate equity issues Other loans and advances Life insurance reserves Pension fund reserves (1) Taxes payable Miscellaneous liabilities Discrepancy
-5.3 4.7 145.5 -0.5 6.6 100.0 -7.3 1.0 8.7 -0.9 90.7 10.4 -2.6 28.2 3.9 7.2 118.9 -3.6 -0.1 44.8 52.5 1.6 23.6 -36.6
-2.4 3.6 125.4 -0.9 39.1 69.6 2.9 -14.9 1.3 1.5 79.2 4.6 -5.0 44.5 4.5 -31.4 92.1 -8.8 1.1 43.8 36.7 0.5 18.9 -39.3
-10.4 3.6 213.7 3.8 32.6 104.8 17.5 1.6 -3.0 0.1 85.7 4.3 -1.3 72.0 7.2 -6.7 186.0 -4.0 0.2 57.6 103.9 1.4 27.0 -41.8
-11.6 4.0 187.0 -2.7 17.6 76.9 7.5 -14.1 -9.6 1.7 82.6 2.0 6.8 82.5 9.4 3.5 173.1 -4.7 0.7 46.7 131.4 1.5 -2.5 -29.5
-6.6 4.0 169.3 0.0 21.4 53.5 2.0 -9.3 7.0 1.7 41.2 -4.8 15.7 116.9 10.0 -32.6 152.9 -6.0 0.7 49.4 102.7 0.5 5.6 -27.0
-8.2 3.7 203.5 -0.5 10.5 57.9 -4.5 -4.6 11.0 -1.0 47.9 3.9 5.2 111.3 5.6 18.7 195.1 -0.8 -0.7 48.7 166.6 -0.4 -18.3 -20.2
-5.3 3.4 250.6 31.9 31.0 130.9 -11.9 -4.4 18.1 -0.4 119.5 2.9 7.1 70.2 2.1 -15.5 248.5 -0.9 0.6 75.8 129.2 -0.4 44.2 -10.8
-2.4 2.9 279.8 -1.6 -13.5 233.0 14.7 24.8 77.4 1.2 105.7 2.2 7.0 52.7 2.6 6.7 259.7 -6.5 2.0 58.5 149.3 -7.4 63.7 -25.4
-7.5 2.6 258.2 12.0 -8.3 180.6 -18.2 -6.6 18.0 6.2 170.4 -0.1 10.9 45.5 0.5 27.9 230.0 -3.9 2.9 65.7 144.2 1.9 19.3 -38.4
3.3 2.7 264.4 6.0 -30.7 173.0 -7.6 6.6 8.2 4.0 145.9 3.5 12.4 51.5 12.8 51.9 228.0 -17.3 3.0 32.0 200.4 3.1 6.7 -35.7
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24
(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities (line 23).
F.118 Private Pension Funds (1)
Billions of dollars
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Gross saving Fixed nonresidential investment Net acquisition of financial assets Checkable deposits and currency Time and savings deposits Money market fund shares Security RPs Credit market instruments Open market paper Treasury securities Agency- and GSE-backed securities Corporate and foreign bonds Mortgages Corporate equities Mutual fund shares Miscellaneous assets Unallocated insurance contracts (2) Contributions receivable Other Pension fund reserves (liabilities) (3) 0.3 0.5 33.0 0.8 8.1 6.3 0.3 16.9 0.8 -0.4 1.6 14.0 0.8 -91.0 72.0 19.5 7.8 5.4 6.3 33.1 0.4 0.8 3.7 0.7 8.9 11.2 4.9 -6.1 6.0 -4.8 -11.3 3.3 0.7 -91.5 45.7 30.0 4.8 5.4 19.8 4.1 0.4 0.9 -15.8 1.4 11.0 13.4 1.2 44.5 1.5 2.0 6.1 34.0 0.8 -150.7 55.2 8.3 -9.9 8.4 9.8 -15.3 0.5 1.0 41.6 -0.8 29.8 2.3 1.2 -7.1 3.2 -13.2 -17.2 20.4 -0.2 -31.5 53.6 -5.9 -23.6 12.9 4.8 42.0 0.6 0.8 -14.8 1.3 -39.3 12.1 1.9 107.2 6.0 16.8 39.6 43.1 1.8 -180.4 99.4 -17.1 -18.5 -18.4 19.8 -14.6 0.5 0.5 -23.5 3.3 -22.9 4.2 -5.1 -125.0 -6.2 -9.9 -32.9 -76.3 0.2 62.8 117.3 -58.1 -35.7 -19.1 -3.4 -23.5 0.6 0.7 -19.7 -0.8 -36.4 -6.1 -8.9 -36.0 -8.2 -7.6 5.1 -23.1 -2.2 106.5 18.2 -56.3 11.8 -24.6 -43.5 -19.6 0.6 0.2 16.9 0.3 -3.9 9.4 1.3 -8.6 2.2 -3.4 -19.4 11.4 0.6 -61.5 59.9 20.0 12.2 1.5 6.2 16.5 0.6 0.2 26.6 0.2 3.0 -0.2 1.4 69.2 -3.2 13.3 38.3 20.9 -0.1 -24.1 -3.8 -19.1 -18.1 -0.2 -0.8 26.2 0.7 0.3 9.8 0.1 -4.6 0.6 1.6 -0.3 0.3 -4.1 11.3 -7.7 -0.2 11.2 36.1 -34.8 -35.2 -3.1 3.5 9.4 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 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 tangible and financial assets less gross saving (line 2 + line 3 - line 1). These liabilities are assets of the household sector.
FFA, 1995-2004, March 12, 2009
23
F.119 State and Local Government Employee Retirement Funds
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18
Gross saving Fixed nonresidential investment Net acquisition of financial assets Checkable deposits and currency Time and savings deposits Money market fund shares Security RPs Credit market instruments Open market paper Treasury securities Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds Mortgages Corporate equities Mutual fund shares Miscellaneous assets Pension fund reserves (liabilities) (1)
0.0 0.0 64.2 -2.5 2.0 0.9 3.7 31.1 3.7 -7.4 23.2 0.7 10.1 0.7 18.2 10.7 0.2 64.2
0.0 0.0 49.2 3.3 -2.2 1.7 -3.3 28.6 -3.3 4.6 5.5 -1.3 22.2 0.8 18.2 2.2 0.7 49.2
0.0 0.0 78.3 -2.2 0.1 2.1 0.4 59.9 0.4 6.2 18.4 0.9 33.1 0.9 9.4 8.5 0.1 78.3
0.0 0.0 60.7 4.7 -0.4 0.3 8.9 63.2 8.9 -6.4 19.1 1.7 35.1 4.8 -28.2 12.0 0.2 60.7
0.0 0.0 46.4 -0.7 -0.3 1.8 2.8 45.5 2.8 -13.8 22.9 -0.2 30.4 3.3 -6.2 2.1 1.3 46.4
0.0 0.0 100.4 0.7 -0.1 1.4 -0.5 36.3 6.9 -19.8 49.9 -1.3 4.2 -3.6 11.6 49.9 1.1 100.4
0.0 0.0 86.9 1.5 0.2 2.2 -5.9 -53.8 4.0 -24.0 1.9 -0.1 -34.6 -1.1 115.1 25.8 1.8 86.9
0.0 0.0 51.7 1.5 -0.1 0.1 -6.9 -50.7 -3.2 3.8 11.8 -0.8 -62.4 0.1 85.2 22.2 0.4 51.7
0.0 0.0 39.9 0.8 -0.9 -2.1 -3.6 18.8 -6.4 -10.3 42.5 3.5 -9.9 -0.7 35.4 -9.5 0.9 39.9
0.0 0.0 23.8 2.5 0.6 -1.9 -3.2 17.8 -6.5 2.4 23.7 -2.6 6.0 -5.3 1.9 1.5 4.6 23.8
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18
(1) Equal to the net acquisition of tangible 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 2 3 4 5 6 7 8 Net acquisition of financial assets Credit market instruments Treasury securities Agency- and GSE-backed securities Corporate and foreign bonds Corporate equities Miscellaneous assets(2) Pension fund reserves (liabilities) (3) 26.9 3.4 3.2 0.1 0.1 2.6 20.8 26.9 61.6 2.4 2.2 0.1 0.1 4.2 55.1 61.6 46.5 1.8 1.7 0.1 0.0 4.4 40.3 46.5 47.9 2.7 2.3 0.2 0.1 4.0 41.2 47.9 48.5 2.9 2.9 -0.0 -0.0 4.4 41.1 48.5 28.2 2.1 2.0 0.1 0.0 5.2 20.9 28.2 69.9 9.7 7.2 1.6 0.9 -0.6 60.8 69.9 45.4 12.7 9.6 1.9 1.2 8.2 24.5 45.4 48.2 6.0 5.1 0.5 0.4 17.5 24.7 48.2 54.7 4.7 5.4 -0.5 -0.3 9.1 40.9 54.7 1 2 3 4 5 6 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.
24
FFA, 1995-2004, March 12, 2009
F.121 Money Market Mutual Funds (1)
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13
Net acquisition of financial assets Foreign deposits Checkable deposits and currency Time and savings deposits Security RPs Credit market instruments Open market paper Treasury securities Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds Miscellaneous assets Net share issues (liabilities)
141.2 4.0 -1.0 20.9 19.0 86.5 48.4 3.8 13.7 14.3 6.4 11.6 141.2
145.4 3.4 2.4 30.4 16.0 88.8 38.4 20.3 11.0 16.8 2.4 4.4 145.4
155.9 0.1 2.6 28.6 22.8 87.5 62.1 -4.0 -5.5 22.5 12.5 14.3 155.9
285.4 6.9 -2.5 12.6 12.2 248.6 79.1 21.7 76.1 25.8 45.8 7.6 285.4
251.7 11.0 -2.3 31.5 1.7 184.9 110.2 -4.0 18.6 17.6 42.6 24.9 251.7
232.5 50.3 4.7 -11.7 43.5 138.3 96.7 -12.9 -7.0 34.1 27.3 7.5 232.5
428.5 27.8 3.9 89.3 43.4 267.3 3.4 46.0 141.5 34.2 42.3 -3.3 428.5
-16.7 -6.8 -6.8 -23.9 47.1 -17.7 -38.6 4.7 8.7 1.8 5.6 -8.6 -16.7
-207.5 -36.6 -0.7 -53.3 -20.8 -95.9 -125.2 -10.2 -4.6 13.6 30.5 -0.2 -207.5
-136.5 7.0 2.7 0.4 -18.7 -124.9 -54.1 -33.9 -61.1 21.8 2.3 -2.9 -136.5
1 2 3 4 5 6 7 8 9 10 11 12 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 2 3 4 5 6 7 8 9 10 11 12 13 14 Gross saving Net acquisition of financial assets Security RPs Credit market instruments Open market paper Treasury securities Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds Other loans and advances Corporate equities Miscellaneous assets Net share issues (liabilities) Discrepancy 8.7 147.4 7.1 52.5 7.1 13.4 5.5 3.2 23.1 0.2 87.4 0.5 147.4 8.7 4.9 237.6 -2.7 48.9 -3.1 -18.0 33.1 3.1 33.0 0.8 193.0 -1.7 237.6 4.9 6.2 265.1 10.3 80.9 10.6 10.6 8.9 6.5 40.9 3.4 166.8 7.1 265.1 6.2 -9.1 279.5 13.1 127.3 13.1 4.6 21.6 22.8 62.5 2.7 143.3 -4.2 279.5 -9.1 4.1 191.2 9.9 48.4 9.9 -23.7 36.2 -3.2 26.3 2.9 136.4 -3.5 191.2 4.1 -1.5 237.6 18.8 26.3 18.8 10.2 12.6 -9.0 -10.6 4.3 193.1 -0.6 237.6 -1.5 -8.4 204.9 -28.9 126.6 -28.9 -9.8 84.7 22.6 65.4 -7.3 109.8 -2.6 204.9 -8.4 -21.6 181.1 10.9 138.7 -7.7 17.2 54.0 24.3 50.4 0.5 31.4 0.0 181.1 -21.6 2.5 288.6 12.9 138.0 13.1 9.3 25.2 12.9 78.5 -1.1 136.8 1.0 288.6 2.5 3.2 298.2 18.1 116.6 18.0 4.8 15.2 4.1 64.9 9.6 158.5 5.1 298.2 3.2 1 2 3 4 5 6 7 8 9 10 11 12 13 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 2 3 4 5 6 7 Net acquisition of financial assets Credit market instruments Treasury securities Municipal securities Corporate and foreign bonds Corporate equities Net share issues (liabilities) Exchange-traded funds 8 9 10 11 12 13 Net acquisition of financial assets Credit market instruments Treasury securities Corporate and foreign bonds Corporate equities Net share issues (liabilities) 0.4 0.0 0.0 0.0 0.4 0.4 1.1 0.0 0.0 0.0 1.1 1.1 3.4 0.0 0.0 0.0 3.4 3.4 6.0 0.0 0.0 0.0 6.0 6.0 12.2 0.0 0.0 0.0 12.2 12.2 42.4 0.0 0.0 0.0 42.4 42.4 31.0 0.0 0.0 0.0 31.0 31.0 45.3 3.7 2.0 1.8 41.6 45.3 15.8 0.7 0.1 0.6 15.1 15.8 56.4 3.8 2.8 1.0 52.6 56.4 8 9 10 11 12 13 8.0 8.5 -1.7 4.8 5.4 -0.5 8.0 0.3 2.9 0.1 1.0 1.9 -2.6 0.3 -11.2 -1.1 -1.4 0.3 -0.0 -10.0 -11.2 -6.8 4.9 -1.0 1.3 4.7 -11.8 -6.8 -4.8 9.6 -1.2 9.0 1.8 -14.5 -4.8 -5.5 -5.6 -0.9 -2.0 -2.7 0.1 -5.5 1.9 3.2 0.1 7.0 -3.8 -1.3 1.9 18.1 8.6 -2.8 11.3 0.1 9.4 18.1 43.7 35.5 0.6 3.2 31.6 8.3 43.7 32.7 11.0 2.3 -0.1 8.9 21.7 32.7 1 2 3 4 5 6 7
FFA, 1995-2004, March 12, 2009
25
F.124 Government-Sponsored Enterprises (1)
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29
Gross saving Fixed nonresidential investment Net acquisition of financial assets Checkable deposits and currency Time and savings deposits Federal funds and security RPs (net) Credit market instruments Open market paper Treasury securities Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds Other loans and advances Sallie Mae Farm Credit System FHLB loans Mortgages Home Multifamily residential Farm Consumer credit (2) Miscellaneous assets Net increase in liabilities Credit market instruments GSE issues (3) U.S. government loans Corporate equities Miscellaneous liabilities Discrepancy
1.9 0.5 115.1 0.2 0.0 20.5 95.3 -0.8 6.1 60.0 2.7 9.9 7.2 -3.1 3.9 6.4 6.3 5.4 0.5 0.3 4.0 -0.9 112.0 106.0 106.0 0.0 -0.6 6.6 -1.8
1.9 0.7 91.7 -0.7 0.0 -11.8 97.3 9.6 -12.9 65.8 4.3 8.1 29.4 -1.1 1.4 29.1 -6.4 -6.6 -0.8 1.0 -0.6 6.9 91.0 90.4 90.4 0.0 -0.4 1.0 0.4
2.1 0.6 111.6 1.3 0.0 -4.1 106.7 -1.1 7.1 67.6 0.5 6.0 35.4 -1.0 0.0 36.4 -4.7 -4.7 -1.5 1.5 -4.2 7.6 108.0 99.1 99.1 0.0 -1.4 10.3 -2.1
2.2 0.6 305.0 2.9 -1.7 -13.4 317.3 28.6 -0.7 158.4 6.5 24.6 93.5 -0.3 3.3 90.4 7.6 5.6 -0.0 2.0 -1.2 -0.1 299.9 278.9 278.9 0.0 2.6 18.3 -3.5
2.9 0.5 317.4 7.2 5.2 12.7 287.3 -32.4 5.8 172.9 3.6 28.8 108.1 -0.3 0.9 107.6 -5.0 -10.4 4.3 1.1 5.4 5.0 313.3 318.8 318.8 0.0 4.0 -9.4 -1.7
2.7 0.4 237.8 -7.7 0.5 3.0 246.0 10.7 0.6 145.0 2.8 23.3 45.3 0.1 3.1 42.1 22.2 16.1 4.5 1.6 -3.9 -4.0 232.1 235.2 235.2 0.0 -0.3 -2.8 -3.4
3.0 0.4 344.4 2.3 8.1 23.8 304.7 2.7 0.4 190.1 6.2 41.4 28.3 -0.0 2.9 25.4 33.2 21.7 8.2 3.3 2.4 5.5 351.6 304.1 304.1 0.0 1.6 45.8 9.8
3.1 0.5 240.0 8.1 -5.1 -9.1 224.1 -23.5 12.1 114.9 4.0 50.3 8.9 -0.4 2.0 7.2 59.8 45.6 8.5 5.7 -2.5 22.0 247.6 219.8 219.8 0.0 -0.2 28.0 10.2
3.1 0.5 245.0 14.0 -8.5 -20.0 241.0 -3.7 -12.3 85.1 5.0 50.3 31.1 -0.1 0.0 31.2 101.7 89.7 12.1 -0.1 -16.3 18.5 227.5 250.9 250.9 0.0 1.7 -25.0 -14.8
3.8 0.6 88.5 10.4 6.5 18.3 48.9 -0.9 -0.6 -147.8 0.3 137.4 73.5 -0.3 -0.2 74.1 7.5 -6.7 14.3 -0.0 -20.6 4.5 70.9 75.0 75.0 0.0 9.3 -13.4 -14.4
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29
(1) Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System, the Financing Corporation, and the Resolution Funding Corporation. The Student Loan Marketing Association (Sallie Mae) was included until it was fully privatized in 2004:Q4. (2) Sallie Mae student loans. (3) Such issues are classified as agency- and GSE-backed securities.
F.125 Agency- and GSE-backed Mortgage Pools (1)
Billions of dollars
1 2 3 4 5 6 Net acquisition of financial assets Home mortgages Multifamily residential mortgages Commercial mortgages Farm mortgages Net increase in pool securities (liabilities)(2) 98.3 93.8 4.5 -0.0 0.1 98.3 141.0 135.4 5.6 -0.0 -0.0 141.0 114.6 109.3 5.3 0.0 0.0 114.6 192.7 182.1 10.5 0.0 0.1 192.7 274.6 264.6 9.2 0.0 0.8 274.6 199.7 190.9 8.5 0.0 0.3 199.7 338.5 322.9 15.6 0.0 0.0 338.5 326.8 315.2 12.9 0.0 -1.3 326.8 330.6 303.5 26.5 0.0 0.6 330.6 47.9 45.0 2.9 0.0 -0.1 47.9 1 2 3 4 5 6
(1) GNMA, Fannie Mae, Freddie Mac, FAMC, and Farmers Home Administration pools. 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.
26
FFA, 1995-2004, March 12, 2009
F.126 Issuers of Asset-Backed Securities (ABS)
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
Gross saving Fixed nonresidential investment Net acquisition of financial assets Treasury securities Agency- and GSE-backed securities (1) Other loans and advances Mortgages (2) Home Multifamily residential Commercial Consumer credit Trade credit Net increase in liabilities Commercial paper Corporate bonds (net) (5) Discrepancy Memo: Securitized assets not included above Consumer leases (3) REIT assets (4)
0.3 1.6 126.5 0.0 20.2 6.0 17.5 10.8 2.1 4.6 67.0 15.8 127.8 37.3 90.5 0.0
0.8 6.1 109.4 0.0 -6.0 8.3 37.5 21.6 3.9 12.0 60.4 9.1 114.6 45.4 69.2 0.0
1.1 3.2 135.2 0.0 -21.8 26.3 62.9 38.4 4.7 19.7 47.0 20.9 137.3 89.4 48.0 0.0
1.4 3.2 256.3 0.0 23.3 25.7 129.9 68.1 12.9 48.9 73.5 4.0 258.1 125.7 132.4 0.0
1.3 -1.7 156.6 0.0 38.2 -0.1 73.6 31.8 8.7 33.1 62.7 -17.8 153.7 139.0 14.7 0.0
0.9 -2.3 172.6 0.1 8.5 14.1 66.1 31.8 5.4 28.8 67.7 16.1 169.5 125.0 44.4 0.0
0.8 1.1 264.4 0.4 33.6 26.2 122.0 77.7 5.8 38.5 69.6 12.6 264.6 84.9 179.7 0.0
0.7 -0.4 222.3 0.4 75.4 6.1 110.7 80.3 5.4 25.0 35.3 -5.6 221.2 -41.7 262.9 0.0
0.7 0.4 248.8 1.9 83.0 5.1 172.7 122.2 7.9 42.6 -22.5 8.7 248.6 -36.6 285.2 0.0
0.6 -0.2 438.1 5.2 -4.3 20.2 432.1 380.0 6.4 45.7 -25.3 10.2 437.3 -4.2 441.5 0.0
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
17 18
1.3 -1.3
5.3 -0.3
2.1 3.7
1.8 2.9
-2.9 -2.2
-3.2 -1.7
0.3 -3.2
-1.1 8.0
-0.2 15.6
-0.7 60.7
17 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) Receivables from operating leases, such as consumer automobile leases, are booked as current income when payments are received and are not included in financial assets (or household liabilities). The leased automobile is a tangible asset; depreciation flows are included in line 1, and fixed investment flows are included in line 2. (4) Included in table F.128. (5) Net issuance less net acquisition of corporate bonds held as assets.
F.127 Finance Companies (1)
Billions of dollars
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 Gross saving Fixed nonresidential investment Net acquisition of financial assets Checkable deposits and currency Time and savings deposits Credit market instruments Corporate and foreign bonds Other loans and advances Mortgages Consumer credit Miscellaneous assets Net increase in liabilities Credit market instruments Open market paper Corporate bonds Bank loans n.e.c. Taxes payable Miscellaneous liabilities Foreign direct investment in U.S. Investment by parent Other Discrepancy Memo: Consumer leases not included above (2) 24.1 27.5 69.3 0.8 3.6 59.5 13.0 26.7 2.1 17.7 5.3 69.3 47.9 -2.9 52.6 -1.7 0.7 20.6 2.8 9.3 8.6 -3.3 27.8 31.9 52.5 2.6 2.6 42.6 15.5 3.1 21.2 2.8 4.7 59.1 54.7 9.4 36.8 8.5 0.8 3.6 5.1 3.5 -5.0 2.5 29.5 34.4 41.4 -0.4 3.7 23.7 9.7 -0.6 1.9 12.6 14.4 29.6 29.3 24.6 4.7 -0.0 0.8 -0.5 6.6 8.6 -15.7 -16.8 33.6 39.6 60.2 1.1 1.3 92.0 7.1 36.8 32.3 15.8 -34.2 51.3 60.9 30.7 24.2 6.0 0.8 -10.5 2.6 -9.1 -3.9 -14.9 42.3 49.7 157.2 1.5 7.7 133.8 27.0 54.2 34.4 18.3 14.1 148.5 75.5 -2.9 64.7 13.8 0.8 72.1 13.2 58.5 0.4 -16.0 42.8 49.1 196.2 2.6 3.9 155.3 18.8 61.1 42.6 32.8 34.5 221.1 86.3 9.7 72.9 3.6 1.0 133.9 14.9 90.4 28.6 18.6 68.3 38.8 91.1 -0.7 7.2 68.9 19.0 -16.0 20.3 45.5 15.7 66.0 10.9 -77.7 68.1 20.5 1.2 53.9 7.8 17.9 28.2 4.4 78.5 40.1 141.6 2.2 4.0 121.8 18.1 3.8 72.3 27.5 13.6 135.4 66.2 -14.6 64.0 16.8 1.4 67.8 -3.5 23.1 48.3 32.2 78.5 32.2 233.9 1.9 16.4 176.2 53.3 -2.3 39.7 85.5 39.5 239.8 111.1 -2.7 107.9 5.8 1.6 127.1 21.7 23.4 82.1 52.2 73.2 37.0 178.5 -0.8 -1.8 207.2 -7.7 9.8 105.8 99.3 -26.1 189.4 134.3 30.2 74.1 30.0 1.8 53.2 16.1 54.9 -17.7 47.1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22
23
13.4
12.3
5.6
-2.2
6.3
6.6
-2.1
-17.6
-10.7
-4.9
23
(1) Includes retail captive finance companies and mortgage companies. (2) See footnote (3), table F.126.
FFA, 1995-2004, March 12, 2009
27
F.128 Real Estate Investment Trusts (REITs)
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23
Gross saving Fixed nonresidential investment Multifamily residential investment Net acquisition of financial assets Checkable deposits and currency Credit market instruments Agency- and GSE-backed securities Corporate and foreign bonds Mortgages Home Multifamily residential Commercial Miscellaneous assets Net increase in liabilities Security RPs Credit market instruments Open market paper Corporate bonds Bank loans n.e.c. Mortgages Corporate equity issues Miscellaneous liabilities Discrepancy Memo: Securitized assets included above Agency- and GSE-backed securities Home mortgages Multifamily residential mortgages Commercial mortgages
2.8 7.0 2.7 2.3 0.0 1.4 -0.2 0.8 0.8 1.9 -0.6 -0.5 1.0 15.8 1.2 4.5 -0.0 0.2 -1.0 5.3 8.7 1.4 6.6
4.0 17.8 4.4 4.9 2.2 4.4 3.2 1.4 -0.3 1.1 -0.4 -1.0 -1.7 29.5 2.8 11.9 0.0 1.3 2.7 7.9 12.3 2.5 6.4
6.6 52.0 11.3 26.1 1.1 20.2 9.0 2.1 9.1 6.0 0.9 2.2 4.9 92.2 11.2 39.6 0.0 14.8 9.9 14.9 32.5 8.8 9.4
7.9 64.7 11.4 6.4 0.8 -5.1 -8.1 -0.4 3.4 0.8 0.1 2.5 10.7 86.4 -9.8 62.7 0.2 21.7 16.0 24.8 19.8 13.6 11.7
7.5 8.8 1.8 -1.7 0.3 1.5 1.4 -0.1 0.1 -0.7 0.3 0.5 -3.5 17.6 -0.3 12.3 -0.2 11.7 -6.1 6.9 6.6 -1.0 16.3
-4.9 0.6 3.9 -2.6 -0.0 -5.3 0.5 -0.4 -5.4 -3.3 -0.3 -1.9 2.7 3.9 -2.5 2.6 0.0 1.9 -4.2 4.9 2.0 1.8 -2.9
7.1 6.6 4.1 10.0 1.1 8.6 7.0 2.3 -0.7 0.2 -0.4 -0.4 0.2 18.6 9.3 3.2 0.0 4.4 -3.3 2.2 6.1 0.1 5.2
6.2 24.7 4.5 24.2 -0.1 22.2 9.7 2.4 10.0 9.9 -0.5 0.5 2.1 52.5 14.6 26.9 0.0 15.9 0.1 11.0 8.4 2.7 5.3
2.1 22.3 -0.4 34.3 3.9 26.2 -2.9 8.4 20.7 18.4 0.3 2.0 4.2 52.4 5.5 32.1 0.0 23.6 0.3 8.2 13.3 1.5 -1.7
3.0 46.3 7.7 101.6 2.9 87.5 15.8 17.2 54.5 51.0 0.1 3.4 11.2 151.8 27.5 95.1 0.0 67.6 1.5 25.9 21.5 7.8 -0.7
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23
24 25 26 27 28
-1.3 -2.3 0.9 0.0 0.0
-0.3 0.3 -0.8 0.3 0.0
3.7 0.4 3.1 0.2 0.0
2.9 0.1 1.8 0.4 0.6
-2.2 -1.3 -1.9 -0.3 1.3
-1.7 -0.2 -0.3 -0.3 -0.9
-3.2 -3.1 0.2 -0.0 -0.2
8.0 -0.3 7.7 -0.0 0.6
15.6 0.0 15.7 -0.0 -0.1
60.7 0.0 59.0 -0.0 1.7
24 25 26 27 28
28
FFA, 1995-2004, March 12, 2009
F.129 Security Brokers and Dealers
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
Gross saving Fixed nonresidential investment Net acquisition of financial assets Checkable deposits and currency Credit market instruments Open market paper Treasury securities Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds Other loans and advances Corporate equities Security credit Miscellaneous assets Net increase in liabilities Security RPs (net) Credit market instruments Corporate bonds Bank loans n.e.c. (1) Corporate equity issues Trade payables Security credit Customer credit balances (HH) From banks Taxes payable Miscellaneous liabilities Foreign direct investment in U.S. Due to affiliates Other Proprietors’ net investment Discrepancy
3.6 8.2 113.4 1.7 90.1 10.9 61.0 9.0 -2.7 11.7 0.3 7.7 3.5 10.3 102.2 79.0 -5.0 -5.0 0.0 -8.1 1.1 23.1 18.6 4.6 -0.1 12.6 1.5 22.6 -11.5 -0.5 -15.8
6.6 8.4 68.2 1.9 -15.7 1.6 -31.1 1.2 -1.9 13.1 1.4 -1.9 15.8 68.2 59.4 -1.5 -2.0 -2.0 0.0 -6.5 4.0 36.6 35.3 1.3 0.1 28.4 1.3 48.6 -21.6 0.3 -10.7
10.0 9.1 142.8 6.0 14.9 0.6 7.5 -4.8 2.4 5.7 3.5 2.4 36.8 82.8 127.5 22.7 8.1 8.1 0.0 -5.9 5.7 74.2 52.6 21.7 0.1 21.6 0.3 64.0 -42.7 1.1 -14.4
0.8 12.0 142.0 3.7 6.8 3.8 21.2 0.5 -0.1 -17.9 -0.7 -6.0 21.6 115.9 138.1 4.6 7.2 7.2 0.0 2.5 -1.0 81.6 61.2 20.3 -0.1 44.7 1.7 119.4 -76.4 -1.4 -15.0
2.0 13.4 79.8 3.3 -34.7 -2.0 -58.4 15.0 -1.2 11.9 0.1 7.7 75.2 28.3 78.3 37.1 -17.2 -17.2 0.0 7.6 11.9 29.2 47.2 -18.0 0.9 7.5 3.6 78.9 -75.0 1.2 -12.9
-16.5 16.3 220.4 1.6 68.9 13.2 39.4 -2.3 -0.7 17.2 2.1 9.6 7.2 133.0 210.1 56.9 15.6 15.6 0.0 -4.2 5.1 138.9 88.6 50.4 -0.1 -1.9 5.1 27.2 -34.2 -0.2 -43.0
4.5 15.6 244.3 16.8 92.4 9.0 13.1 14.1 7.7 47.3 1.3 17.3 -38.8 156.6 239.4 51.0 1.4 1.4 0.0 6.7 3.3 41.9 41.9 0.0 -0.2 138.5 -1.3 -29.3 169.2 -3.3 -16.0
12.6 10.9 -130.2 -2.9 28.4 -4.7 -13.7 14.1 2.0 32.1 -1.3 3.2 -48.2 -110.8 -118.7 -9.0 -1.7 -1.7 0.0 10.2 -1.8 -38.9 -41.6 2.8 -0.5 -77.6 1.7 -0.3 -79.0 0.6 13.2
14.9 10.5 277.6 2.9 79.6 5.9 41.7 -8.1 3.8 36.2 0.1 4.1 34.3 156.6 257.6 146.2 6.4 6.4 0.0 -8.0 -9.2 85.7 62.7 23.0 0.4 40.7 4.8 27.1 8.8 -4.5 -15.6
20.4 12.5 231.9 15.7 -29.2 -1.3 -82.4 23.5 7.1 18.7 5.2 15.2 81.5 148.6 230.9 36.5 15.2 15.2 0.0 2.6 7.8 97.9 103.0 -5.1 0.4 73.7 6.0 49.3 18.4 -3.3 6.9
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
(1) Loans extended through the Federal Reserve’s Primary Dealer Credit Facility and the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF).
F.130 Funding Corporations (1)
Billions of dollars
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 Net acquisition of financial assets Money market fund shares Credit market instruments Open market paper Corporate and foreign bonds Other loans and advances Miscellaneous assets (2) Investment in foreign banking offices Investment in brokers and dealers Net increase in liabilities Credit market instruments Open market paper Corporate bonds Bank loans n.e.c. (3) Corporate equities (4) Miscellaneous liabilities Foreign direct investment in U.S. Securities loaned (net) Other 6.3 -2.4 -15.8 -25.7 9.8 0.2 24.5 6.7 17.8 6.3 34.9 10.5 24.4 0.0 0.0 -28.6 -10.2 -5.5 -12.9 104.9 25.9 13.8 -0.5 12.8 1.5 65.2 13.7 51.5 104.9 63.8 34.5 29.2 0.0 0.0 41.2 2.9 59.9 -21.7 115.3 6.8 51.1 53.5 -3.4 1.0 57.3 14.3 43.0 115.3 79.9 49.4 30.6 0.0 0.0 35.4 -21.6 57.2 -0.3 143.1 80.9 1.5 -3.9 4.5 0.9 60.7 11.8 48.9 143.1 40.0 6.0 34.0 0.0 0.0 103.1 21.6 70.0 11.5 311.5 65.1 106.3 107.6 -3.8 2.5 140.2 2.5 137.7 311.5 91.6 34.2 57.4 0.0 0.0 219.9 51.0 16.3 152.6 105.2 21.6 23.2 29.4 -8.9 2.7 60.3 45.6 14.7 105.2 -1.6 -3.5 1.9 0.0 0.0 106.8 64.6 88.7 -46.4 -55.0 120.5 -131.1 -176.8 45.8 -0.1 -44.5 -21.9 -22.6 -55.0 -103.6 -125.8 22.2 0.0 0.0 48.6 59.0 70.1 -80.5 -77.7 -10.0 -103.2 -87.7 -14.4 -1.2 35.5 18.6 16.9 -77.7 -10.7 -41.2 30.5 0.0 0.0 -67.0 45.0 -2.9 -109.2 -19.3 -57.5 27.6 -26.4 54.9 -0.9 10.6 7.4 3.2 -19.3 -2.0 -17.3 15.4 0.0 0.0 -17.3 11.6 102.6 -131.5 18.9 -87.3 46.6 61.5 -14.5 -0.3 59.6 33.0 26.5 18.9 -2.2 -14.4 12.2 0.0 0.0 21.1 61.4 86.9 -127.2 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19
(1) Funding subsidiaries, nonbank financial holding companies, and custodial accounts for reinvested collateral of securities lending operations. (2) Due from affiliated companies. (3) Loans extended by the Federal Reserve to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, Commercial Paper Funding Facility LLC, and American International Group (AIG). (4) Preferred shares issued by AIG to the federal goverment under the TARP program.
FFA, 1995-2004, March 12, 2009
29
F.200 Gold and Official Foreign Exchange Holdings (1)
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11
Total U.S. reserves U.S. gold stock and SDRs Federal govt.: Exchange Stab. Fund Monetary authority (2) U.S. foreign exchange position Official foreign currency holdings Treasury Monetary authority Net IMF position Federal government Monetary authority
9.6 0.8 0.8 -0.0 8.8 6.3 3.2 3.2 2.5 2.5 0.0
-6.7 -0.4 -0.4 -0.0 -6.3 -7.6 -3.8 -3.8 1.3 1.3 0.0
1.0 0.4 0.4 -0.0 0.7 -2.9 -1.5 -1.5 3.6 3.6 0.0
6.8 0.1 0.1 -0.0 6.6 1.5 0.8 0.8 5.1 5.1 -0.0
-8.7 -0.0 -0.0 0.0 -8.7 -3.3 -1.6 -1.6 -5.5 -5.5 -0.0
0.3 0.7 0.7 -0.0 -0.4 1.9 0.9 0.9 -2.3 -2.3 0.0
4.9 0.6 0.6 -0.0 4.3 0.7 0.3 0.3 3.6 3.6 0.0
3.7 0.5 0.5 -0.0 3.2 0.6 0.3 0.3 2.6 2.6 0.0
-1.5 -0.6 -0.6 0.0 -0.9 0.6 0.3 0.3 -1.5 -1.5 -0.0
-2.8 0.4 0.4 0.0 -3.2 0.6 0.3 0.3 -3.8 -3.8 -0.0
1 2 3 4 5 6 7 8 9 10 11
(1) Lines 1, 2, and 3 exclude increases in SDRs through allocations, which have occurred at various dates beginning January 1970. Transactions in SDRs are included. Also excluded from the table are revaluations of foreign currency holdings, gold, SDRs, and IMF position. Allocations and revaluations are included in tables on outstandings. (2) Treasury gold stock.
F.201 SDR Certificates and Treasury Currency
Billions of dollars
SDR certificates: 1 2 Liab: Federal government Asset: Monetary authority Treasury currency: 3 4 5 Liab: Federal government Asset: Monetary authority Discrepancy (seigniorage) 0.7 1.0 -0.3 0.5 1.0 -0.4 0.5 0.6 -0.1 0.6 0.7 -0.2 1.0 1.7 -0.7 2.4 3.6 -1.2 1.3 1.4 -0.1 1.0 1.6 -0.6 0.6 0.9 -0.3 0.7 1.0 -0.3 3 4 5 2.2 2.2 -0.5 -0.5 -0.5 -0.5 0.0 0.0 -3.0 -3.0 -4.0 -4.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1 2
F.202 U.S. Deposits in Foreign Countries
Billions of dollars
1 Total rest of the world liability Held by: Household sector Nonfinancial corporate business Money market mutual funds Discrepancy--unallocated assets 35.3 85.9 107.7 9.1 48.9 126.9 6.8 21.0 36.0 89.9 1
2 3 4 5
4.6 1.7 4.0 25.0
12.4 10.8 3.4 59.4
6.5 -5.1 0.1 106.2
0.5 7.4 6.9 -5.7
2.9 0.9 11.0 34.0
7.6 -7.4 50.3 76.4
0.4 -8.5 27.8 -12.9
1.3 5.1 -6.8 21.5
2.2 17.6 -36.6 52.8
5.4 15.6 7.0 61.9
2 3 4 5
30
FFA, 1995-2004, March 12, 2009
F.203 Net Interbank Transactions
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26
Net change in liabilities Monetary authority Depository institution reserves Vault cash Commercial banking To monetary authority To banks in foreign countries Liabilities, net U.S.-chartered commercial banks Due to foreign affiliates - Due from foreign affiliates Foreign banking offices in U.S. Due to foreign affiliates - Due from foreign affiliates Bank holding companies Due to foreign affiliates - Due from foreign affiliates Less: Deposits at foreign banks U.S.-chartered commercial banks Foreign banking offices in U.S. To U.S. banking, net U.S.-chartered commercial banks Liabilities To foreign offices in U.S. To bank holding companies Unallocated Less, due from: Foreign offices in U.S. Bank holding companies Foreign banking offices in U.S. Due to U.S. banks - Due from U.S. banks Bank holding companies Due to U.S. banks - Due from U.S. banks Net change in assets Rest of the world Domestic Monetary authority Federal Reserve float Loans to member banks Commercial banking Reserves at Federal Reserve Vault cash Savings insts.: Reserves at Fed. Res. Discrepancy--floats, etc.
10.1 1.3 -1.2 2.4 8.8 0.7 11.1 10.7 -2.7 -14.7 -12.0 17.3 15.5 -1.7 -3.8 -1.1 2.7 -0.4 -2.5 2.1 -3.0 -7.2 -8.0 -4.9 -0.1 -3.0
-51.7 -0.5 -5.1 4.6 -51.2 4.1 -52.0 -46.8 -31.1 -1.9 29.2 -11.5 10.6 22.1 -4.1 -0.2 3.9 5.2 5.2 -0.0 -3.4 -23.6 -6.7 -3.0 -0.3 -3.4
-19.6 6.1 6.3 -0.2 -25.8 -1.6 -4.3 -4.2 13.6 46.3 32.7 -18.5 -10.7 7.8 0.8 0.3 -0.4 0.2 1.0 -0.9 -19.8 -6.6 -14.6 5.4 -0.2 -19.8
-31.8 -7.5 -4.5 -2.9 -24.3 -1.1 -27.1 -32.0 23.0 23.6 0.5 -55.7 33.3 88.9 0.6 -0.1 -0.7 -5.0 -1.0 -4.0 3.8 -2.5 6.4 2.0 0.6 3.8
18.1 22.2 -2.3 24.5 -4.1 -1.7 -5.7 -7.0 48.4 30.0 -18.4 -51.2 14.9 66.1 -4.1 5.5 9.6 -1.3 -1.3 -0.0 3.2 -11.3 19.4 16.4 -0.3 3.2
12.0 -27.1 -5.0 -22.2 39.1 1.0 20.8 21.8 45.8 75.2 29.5 -56.5 -14.3 42.2 32.5 30.9 -1.6 1.0 0.4 0.6 17.3 27.4 8.1 -9.1 -0.1 17.3
-28.0 1.4 -1.6 2.9 -29.4 -1.0 -45.6 -44.3 -12.3 22.8 35.1 -35.4 29.7 65.0 3.3 12.2 8.8 1.3 1.3 -0.0 17.2 16.5 1.5 -15.8 0.1 17.2
17.4 5.6 5.1 0.5 11.9 0.4 4.2 13.9 46.1 -0.9 -47.0 -32.8 13.0 45.8 0.6 2.0 1.4 9.7 10.2 -0.6 7.2 20.9 19.1 10.9 1.0 7.2
-14.5 0.7 0.5 0.1 -15.2 -0.7 -10.1 -12.7 43.6 109.7 66.0 -12.2 21.1 33.3 -44.1 -40.2 3.9 -2.5 -2.6 0.0 -4.3 -54.9 8.5 12.9 -0.1 -4.3
19.4 -5.4 1.0 -6.4 24.9 1.2 8.8 14.0 60.7 33.8 -26.8 -72.2 77.0 149.2 25.6 19.8 -5.8 5.2 4.9 0.3 14.9 33.0 33.6 18.4 0.2 14.9
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26
27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45
-1.3 0.5 3.6 -1.3 -4.9 0.6 0.5 -0.1 13.1 11.1 2.0 0.7 0.8 -0.1 1.5 -1.0 2.4 -0.2 -3.0
6.0 10.9 9.0 6.0 -3.0 11.2 10.9 -0.3 -48.3 -52.0 3.7 4.1 4.2 -0.1 -0.1 -4.7 4.6 -0.4 -3.4
-7.4 -0.6 -12.7 -7.4 5.4 -0.4 -0.6 -0.2 0.2 -4.3 4.5 -1.6 -3.6 2.0 6.7 6.8 -0.2 -0.5 -19.8
-1.3 10.2 -3.3 -1.3 2.0 9.6 10.2 0.6 -35.6 -27.1 -8.6 -1.1 0.9 -2.0 -7.6 -4.6 -2.9 0.1 3.8
22.6 8.0 6.2 22.6 16.4 8.2 8.0 -0.3 14.9 -5.7 20.6 -1.7 -1.9 0.2 22.5 -2.0 24.5 -0.2 3.2
7.1 -26.4 16.2 7.1 -9.1 -26.3 -26.4 -0.1 -5.3 20.8 -26.1 1.0 1.1 -0.1 -27.2 -5.0 -22.2 0.1 17.3
3.4 -18.4 19.2 3.4 -15.8 -18.6 -18.4 0.1 -45.2 -45.6 0.4 -1.0 -0.9 -0.1 0.7 -2.2 2.9 0.6 17.2
0.9 -2.6 -10.0 0.9 10.9 -3.6 -2.6 1.0 10.2 4.2 6.0 0.4 0.4 0.0 5.0 4.5 0.5 0.6 7.2
7.8 55.7 -5.2 7.8 12.9 55.8 55.7 -0.1 -10.2 -10.1 -0.1 -0.7 -0.7 0.0 0.1 -0.0 0.1 0.5 -4.3
24.2 -23.6 5.7 24.2 18.4 -23.8 -23.6 0.2 4.6 8.8 -4.2 1.2 1.2 -0.0 -5.3 1.1 -6.4 -0.1 14.9
27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45
FFA, 1995-2004, March 12, 2009
31
F.204 Checkable Deposits and Currency
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37
Net change in liabilities Monetary authority Federal government cash and deposits Due to government-sponsored enterprises Deposits due to foreign Currency outside banks Commercial banking Federal government deposits Deposits due to foreign Private domestic deposits Savings institutions Credit unions Net change in assets Household sector Nonfinancial business Corporate Nonfarm noncorporate Farm State and local governments Federal government Rest of the world Checkable deposits Currency Financial sectors Commercial banking Savings institutions Credit unions Property-casualty insurance companies Life insurance companies Private pension funds State and local govt. retirement funds Money market mutual funds Government-sponsored enterprises Finance companies REITs Brokers and dealers Mail float
-28.8 16.9 -1.2 0.0 0.1 18.0 -45.9 -4.7 0.9 -42.1 -2.0 2.1 -28.8 -52.6 18.1 4.5 13.2 0.5 3.4 -0.0 9.9 1.1 8.8 2.1 0.2 1.7 0.9 -0.2 -0.5 0.8 -2.5 -1.0 0.2 0.8 0.0 1.7 -9.8
-11.0 23.3 1.7 -0.0 -0.2 21.8 -34.6 9.7 2.8 -47.1 -1.3 1.6 -11.0 -67.3 28.5 9.3 19.3 -0.0 -5.5 11.0 16.7 2.6 14.2 9.1 -0.2 -1.4 0.1 -0.9 -0.9 0.7 3.3 2.4 -0.7 2.6 2.2 1.9 -3.6
8.8 29.8 -2.3 0.0 0.3 31.9 -19.8 -0.9 4.8 -23.7 -5.3 4.1 8.8 -46.5 15.0 -7.4 22.2 0.2 4.4 -0.5 27.5 5.1 22.4 15.6 -0.1 1.0 0.6 0.3 3.8 1.4 -2.2 2.6 1.3 -0.4 1.1 6.0 -6.6
11.1 39.0 0.5 0.7 -0.3 38.1 -33.5 -14.6 -3.1 -15.8 -0.8 6.4 11.1 15.6 -5.5 -12.0 4.7 1.7 -3.9 -16.7 10.5 -3.4 13.8 11.6 0.6 3.2 1.0 -0.2 -2.7 -0.8 4.7 -2.5 2.9 1.1 0.8 3.7 -0.5
112.0 108.2 22.3 -0.4 -0.1 86.4 3.4 36.4 0.0 -33.0 -2.0 2.3 112.0 -46.0 41.3 36.0 4.7 0.6 3.9 66.2 24.3 -0.1 24.4 30.5 0.3 2.1 17.3 0.2 0.0 1.3 -0.7 -2.3 7.2 1.5 0.3 3.3 -8.2
-113.5 -35.1 -22.9 0.1 0.1 -12.5 -85.5 -33.2 2.0 -54.3 1.2 5.9 -113.5 -82.6 24.1 15.5 8.4 0.2 0.1 -65.1 -1.2 2.2 -3.4 2.4 -0.5 -1.5 0.3 -0.6 -0.5 3.3 0.7 4.7 -7.7 2.6 -0.0 1.6 8.7
110.6 47.4 1.5 -0.6 -0.2 46.7 56.5 -0.4 -4.9 61.7 3.2 3.5 110.6 72.1 -63.4 -64.5 0.5 0.6 4.0 41.1 18.8 -5.0 23.8 78.5 1.1 2.0 10.1 9.4 31.9 -0.8 1.5 3.9 2.3 -0.7 1.1 16.8 -40.5
-7.9 41.9 -2.3 0.4 0.1 43.7 -57.3 -16.4 -0.7 -40.3 1.8 5.7 -7.9 7.3 -37.8 -40.9 2.6 0.5 5.2 -17.1 18.3 -0.6 18.9 18.5 -0.3 3.8 1.6 12.8 -1.6 0.3 1.5 -6.8 8.1 2.2 -0.1 -2.9 -2.3
84.5 37.3 1.3 -0.5 0.0 36.5 35.7 -0.9 4.0 32.6 5.4 6.0 84.5 -40.6 56.3 49.9 5.8 0.7 7.0 9.3 14.6 4.0 10.6 46.8 -0.0 0.0 3.2 8.6 12.0 0.2 0.8 -0.7 14.0 1.9 3.9 2.9 -8.9
85.4 37.7 0.1 0.6 -0.1 37.1 39.5 -3.2 9.2 33.6 0.5 7.6 85.4 -28.7 74.8 -12.5 86.3 1.0 -6.2 -31.0 22.4 9.1 13.3 27.0 1.0 -3.5 -1.4 -8.7 6.0 0.1 2.5 2.7 10.4 -0.8 2.9 15.7 27.1
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37
32
FFA, 1995-2004, March 12, 2009
F.205 Time and Savings Deposits
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
Net change in liabilities Small time and savings deposits Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Banks in U.S.-affiliated areas Savings institutions Credit unions Large time deposits (1) Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Banks in U.S.-affiliated areas Savings institutions Credit unions Net change in assets Household sector Nonfinancial business Corporate Nonfarm noncorporate State and local governments Federal government Rest of the world Financial sectors Savings institutions Credit unions Private pension funds State and local govt. retirement funds Money market mutual funds Government-sponsored enterprises Finance companies
178.3 112.6 113.9 113.4 -0.7 1.2 -12.9 11.6 65.6 54.8 42.6 11.0 1.2 9.2 1.7 178.3 135.5 7.6 3.3 4.3 6.6 0.3 -6.6 34.9 -0.2 0.4 8.1 2.0 20.9 0.0 3.6
237.9 123.9 123.1 122.8 0.1 0.2 -11.5 12.3 114.0 105.3 49.5 55.6 0.2 6.3 2.4 237.9 142.1 33.5 30.0 3.5 10.6 1.4 10.9 39.3 0.3 -0.7 8.9 -2.2 30.4 0.0 2.6
252.0 129.5 148.3 143.9 4.4 -0.0 -32.0 13.2 122.5 107.9 63.2 44.7 -0.0 11.7 2.9 252.0 143.0 45.4 34.7 10.7 5.8 1.0 13.1 43.7 -0.4 0.6 11.0 0.1 28.6 0.0 3.7
281.1 189.3 183.7 186.4 -3.7 1.0 -17.4 23.1 91.8 72.1 34.8 36.3 1.0 15.7 4.1 281.1 95.7 69.0 28.2 40.7 14.8 1.3 51.9 48.5 0.5 6.4 29.8 -0.4 12.6 -1.7 1.3
215.0 83.8 72.0 73.0 -1.8 0.8 -0.4 12.3 131.1 119.6 61.6 57.2 0.8 8.5 3.1 215.0 102.0 97.3 44.3 53.1 14.0 0.7 3.0 -2.0 -0.1 -6.8 -39.3 -0.3 31.5 5.2 7.7
347.2 231.0 211.6 210.6 -0.4 1.4 6.4 13.0 116.2 92.8 87.9 3.4 1.4 19.9 3.5 347.2 280.7 103.5 35.5 68.1 10.6 1.0 -17.3 -31.4 0.1 -1.1 -22.9 -0.1 -11.7 0.5 3.9
383.1 314.6 249.4 240.4 4.5 4.6 16.6 48.6 68.5 32.7 -25.2 53.3 4.6 26.8 9.0 383.1 273.8 15.9 8.8 7.1 12.0 4.2 0.6 76.6 0.8 7.4 -36.4 0.2 89.3 8.1 7.2
375.3 325.4 269.4 273.6 -2.3 -1.9 20.9 35.1 50.0 -2.8 24.3 -25.1 -1.9 44.0 8.7 375.3 310.5 24.6 10.2 14.5 8.8 17.1 41.2 -26.9 0.4 1.6 -3.9 -0.1 -23.9 -5.1 4.0
363.2 307.4 231.7 229.6 0.8 1.3 47.2 28.5 55.8 12.8 3.0 8.5 1.3 32.2 10.8 363.2 287.5 116.1 71.5 44.7 20.3 -25.2 5.2 -40.8 0.0 2.5 3.0 -0.9 -53.3 -8.5 16.4
534.4 281.6 280.6 279.7 -0.7 1.6 -14.4 15.5 252.9 192.5 115.6 75.4 1.6 54.0 6.4 534.4 445.9 41.8 37.7 4.1 11.6 -0.0 34.1 1.0 0.6 -0.7 -4.6 0.6 0.4 6.5 -1.8
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
(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 2 3 4 5 6 7 8 9 10 11 Net issues Net purchases Household sector Nonfinancial corporate business Nonfarm noncorporate business State and local governments Rest of the world Life insurance companies Private pension funds State and local govt. retirement funds Funding corporations 141.2 141.2 99.3 22.9 1.9 4.8 0.8 6.6 6.3 0.9 -2.4 145.4 145.4 55.5 7.7 2.2 1.4 0.8 39.1 11.2 1.7 25.9 155.9 155.9 72.7 20.2 3.7 3.6 0.8 32.6 13.4 2.1 6.8 285.4 285.4 104.3 38.6 9.7 31.1 0.8 17.6 2.3 0.3 80.9 251.7 251.7 109.5 28.4 8.1 4.5 0.8 21.4 12.1 1.8 65.1 232.5 232.5 143.7 36.5 8.7 2.7 3.1 10.5 4.2 1.4 21.6 428.5 428.5 153.4 110.5 9.6 3.2 3.9 31.0 -6.1 2.2 120.5 -16.7 -16.7 -41.5 33.8 2.3 1.6 1.1 -13.5 9.4 0.1 -10.0 -207.5 -207.5 -111.5 -36.7 2.3 4.0 2.6 -8.3 -0.2 -2.1 -57.5 -136.5 -136.5 -56.1 25.3 5.6 3.9 4.1 -30.7 0.6 -1.9 -87.3 1 2 3 4 5 6 7 8 9 10 11
FFA, 1995-2004, March 12, 2009
33
F.207 Federal Funds and Security Repurchase Agreements
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24
Net change in liabilities Monetary authority Commercial banking (net) U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies Savings institutions REITs Brokers and dealers (net) Net change in assets Nonfinancial corporate business State and local governments Rest of the world Financial sectors Monetary authority Savings institutions Credit unions (net) Property-casualty insurance companies Private pension funds State and local govt. retirement funds Money market mutual funds Mutual funds Government-sponsored enterprises (net) Discrepancy--unallocated assets
102.0 0.0 21.8 19.6 1.8 0.4 -0.0 1.2 79.0 85.2 0.3 -3.0 21.0 66.9 3.3 4.8 0.2 8.1 0.3 3.7 19.0 7.1 20.5 16.8
38.0 0.0 37.6 25.3 12.0 0.4 -0.9 2.8 -1.5 39.4 1.5 32.1 3.2 2.6 7.7 -1.2 -4.9 -2.1 4.9 -3.3 16.0 -2.7 -11.8 -1.3
101.0 0.0 69.0 43.5 25.6 0.0 -1.9 11.2 22.7 58.1 0.7 3.6 20.0 33.9 2.3 -0.8 2.0 -0.2 1.2 0.4 22.8 10.3 -4.1 42.9
44.3 0.0 39.9 19.7 19.7 0.5 9.5 -9.8 4.6 29.9 -0.4 4.2 -18.8 44.9 6.5 5.5 3.4 7.4 1.2 8.9 12.2 13.1 -13.4 14.4
128.0 0.0 69.8 87.5 -17.9 0.1 21.4 -0.3 37.1 130.3 1.6 -2.5 8.0 123.3 110.3 -4.2 2.4 -14.4 1.9 2.8 1.7 9.9 12.7 -2.4
74.4 0.0 39.6 -11.1 52.3 -1.6 -19.6 -2.5 56.9 -29.1 -1.6 -10.3 11.4 -28.6 -97.3 4.3 -5.3 10.0 -5.1 -0.5 43.5 18.8 3.0 103.5
43.3 0.0 -20.8 -9.7 -11.0 -0.1 3.8 9.3 51.0 75.0 -0.2 -10.9 59.7 26.3 6.9 5.4 -1.5 -8.1 -8.9 -5.9 43.4 -28.9 23.8 -31.6
96.3 21.1 85.0 43.1 39.5 2.4 -15.3 14.6 -9.0 70.6 2.2 -16.3 39.1 45.7 -10.8 -0.3 -0.8 14.2 1.3 -6.9 47.1 10.9 -9.1 25.7
213.6 4.6 38.0 42.7 -5.7 0.9 19.3 5.5 146.2 252.6 -0.2 7.9 270.1 -25.2 4.3 -7.7 -0.1 8.5 1.4 -3.6 -20.8 12.9 -20.0 -39.0
84.6 5.1 13.1 14.6 -0.2 -1.3 2.4 27.5 36.5 228.0 0.4 7.7 204.9 15.0 -10.8 -3.2 2.6 10.2 1.6 -3.2 -18.7 18.1 18.3 -143.5
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24
F.208 Open Market Paper
Billions of dollars
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Total net issues, all types Commercial paper Nonfinancial corporate business Foreign issues in U.S. Nonfinancial Financial Financial sectors Commercial banking ABS issuers Finance companies REITs Funding corporations Bankers acceptances (1) Net purchases, by sector Household sector Nonfinancial corporate business State and local governments Rest of the world Monetary authority Commercial banking (1) Savings institutions Credit unions Life insurance companies Private pension funds State and local govt. retirement funds Money market mutual funds Mutual funds Government-sponsored enterprises Brokers and dealers Funding corporations 74.3 75.1 18.1 13.5 5.4 8.1 43.4 -1.4 37.3 -2.9 -0.0 10.5 -0.8 74.3 2.0 1.3 17.1 18.6 0.0 -0.1 0.0 -1.6 -7.3 0.8 3.7 48.4 7.1 -0.8 10.9 -25.7 102.6 101.6 -0.9 11.3 -1.9 13.2 91.3 1.9 45.4 9.4 0.0 34.5 1.0 102.6 4.1 11.4 20.3 14.4 0.0 0.8 0.1 -0.3 2.9 6.0 -3.3 38.4 -3.1 9.6 1.6 -0.5 184.1 186.8 13.7 3.7 -2.3 6.0 169.4 6.0 89.4 24.6 0.0 49.4 -2.7 184.1 1.3 4.6 14.3 19.9 0.0 -0.8 -0.3 -0.1 17.5 1.5 0.4 62.1 10.6 -1.1 0.6 53.5 193.1 202.5 24.4 7.8 -1.6 9.4 170.3 7.8 125.7 30.7 0.2 6.0 -9.4 193.1 3.0 3.3 12.8 33.6 0.0 -0.2 0.0 0.2 7.5 3.2 8.9 79.1 13.1 28.6 3.8 -3.9 229.9 232.8 37.4 16.3 8.2 8.1 179.2 9.1 139.0 -2.9 -0.2 34.2 -2.9 229.9 4.7 8.2 17.5 -6.4 0.0 0.3 0.0 1.5 2.0 6.0 2.8 110.2 9.9 -32.4 -2.0 107.6 211.6 212.2 48.1 31.7 10.9 20.8 132.4 1.2 125.0 9.7 0.0 -3.5 -0.7 211.6 12.4 10.2 15.2 9.3 0.0 0.2 0.0 -0.6 -4.5 -6.2 6.9 96.7 18.8 10.7 13.2 29.4 -191.6 -188.5 -83.1 18.3 -16.4 34.7 -123.7 -5.1 84.9 -77.7 0.0 -125.8 -3.2 -191.6 -0.0 2.4 17.5 -5.9 0.0 0.0 0.0 1.2 -11.9 -8.2 4.0 3.4 -28.9 2.7 9.0 -176.8 -99.1 -98.9 -57.9 58.8 -0.2 59.0 -99.8 -2.3 -41.7 -14.6 0.0 -41.2 -0.2 -99.1 13.1 4.6 14.3 18.1 0.0 0.0 0.0 -0.9 14.7 2.2 -3.2 -38.6 -7.7 -23.5 -4.7 -87.7 -82.0 -81.7 -37.3 18.3 -3.8 22.0 -62.7 -6.0 -36.6 -2.7 0.0 -17.3 -0.2 -82.0 -4.5 10.9 10.3 66.2 0.0 0.0 0.0 -0.8 -18.2 -3.2 -6.4 -125.2 13.1 -3.7 5.9 -26.4 106.2 106.5 15.3 68.7 -2.2 71.0 22.4 10.8 -4.2 30.2 0.0 -14.4 -0.3 106.2 30.2 19.3 10.1 37.0 0.0 0.0 0.0 0.1 -7.6 0.3 -6.5 -54.1 18.0 -0.9 -1.3 61.5 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
(1) Excludes banks’ holdings of own acceptances.
34
FFA, 1995-2004, March 12, 2009
F.209 Treasury Securities
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
Net issues Savings bonds Other Treasury issues Net purchases Household sector Savings bonds Other Treasury issues Nonfinancial corporate business Nonfarm noncorporate business State and local governments Rest of the world Monetary authority Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies Banks in U.S.-affiliated areas Savings institutions Credit unions Property-casualty insurance companies Life insurance companies Private pension funds State and local govt. retirement funds Federal government retirement funds Money market mutual funds Mutual funds Closed-end funds Exchange-traded funds Government-sponsored enterprises ABS issuers Brokers and dealers Memo:
142.9 5.1 137.9 142.9 -17.9 5.1 -22.9 6.3 5.3 -80.2 160.5 13.7 -11.7 -40.4 29.6 -1.2 0.2 -8.7 -3.8 0.5 1.0 -0.4 -7.4 3.2 3.8 13.4 -1.7 0.0 6.1 0.0 61.0
146.6 2.0 144.5 146.6 -5.1 2.0 -7.1 -10.0 4.9 -32.8 262.7 12.7 -16.9 -34.7 18.4 0.6 -1.3 -1.0 -0.9 -12.6 -14.9 -4.8 4.6 2.2 20.3 -18.0 0.1 0.0 -12.9 0.0 -31.1
23.2 -0.5 23.7 23.2 -143.1 -0.5 -142.6 -20.2 3.7 -17.7 123.7 39.8 8.3 -6.1 14.4 -0.1 0.1 -2.8 -1.8 2.1 1.6 2.0 6.2 1.7 -4.0 10.6 -1.4 0.0 7.1 0.0 7.5
-54.6 0.1 -54.7 -54.6 -69.3 0.1 -69.4 -3.2 5.7 41.4 18.7 21.4 -56.0 -42.0 -10.3 -3.1 -0.7 -4.4 -2.5 -20.8 -14.1 -13.2 -6.4 2.3 21.7 4.6 -1.0 0.0 -0.7 0.0 21.2
-71.0 -0.2 -70.8 -71.0 0.0 -0.2 0.2 -4.2 -0.8 23.8 -32.3 25.8 14.8 -2.0 9.7 7.9 -0.7 -0.0 -3.5 -9.7 -9.3 16.8 -13.8 2.9 -4.0 -23.7 -1.2 0.0 5.8 0.0 -58.4
-294.9 -1.7 -293.2 -294.9 -209.0 -1.7 -207.3 -1.3 3.0 5.5 -75.2 33.7 -44.4 -35.0 -0.5 -7.9 -1.0 -1.4 -1.4 -8.6 -4.6 -9.9 -19.8 2.0 -12.9 10.2 -0.9 0.0 0.6 0.1 39.4
-5.1 5.6 -10.7 -5.1 -85.4 5.6 -91.0 -1.3 2.7 18.4 19.3 40.0 -21.9 -31.4 9.8 0.4 -0.6 2.7 -0.8 -0.0 -4.4 -7.6 -24.0 7.2 46.0 -9.8 0.1 0.0 0.4 0.4 13.1
257.1 4.5 252.5 257.1 -127.2 4.5 -131.8 14.5 0.0 26.2 160.9 77.7 43.2 29.9 12.9 0.1 0.3 -2.2 0.1 9.2 24.8 -3.4 3.8 9.6 4.7 17.2 -2.8 2.0 12.1 0.4 -13.7
398.4 8.9 389.5 398.4 28.9 8.9 20.0 1.4 2.1 9.5 276.4 37.3 2.5 7.1 -7.0 1.4 1.0 3.0 1.2 3.5 -6.6 13.3 -10.3 5.1 -10.2 9.3 0.6 0.1 -12.3 1.9 41.7
362.5 0.6 361.9 362.5 27.0 0.6 26.4 0.3 5.3 24.9 366.9 51.2 -24.5 -19.2 -5.9 -0.8 1.4 -3.9 0.1 6.6 6.6 -4.1 2.4 5.4 -33.9 4.8 2.3 2.8 -0.6 5.2 -82.4
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
32
Federal government borrowing (1)
144.4
144.9
23.1
-52.6
-71.2
-295.9
-5.6
257.6
396.0
361.9
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 12).
FFA, 1995-2004, March 12, 2009
35
F.210 Agency- and GSE-backed Securities (1)
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29
Net issues Budget agencies Government-sponsored enterprises Agency- and GSE-backed mortgage pools Net purchases Household sector Nonfinancial corporate business State and local governments Federal government Rest of the world Monetary authority Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies Banks in U.S.-affiliated areas Savings institutions Credit unions Property-casualty insurance companies Life insurance companies Private pension funds State and local govt. retirement funds Federal government retirement funds Money market mutual funds Mutual funds Government-sponsored enterprises ABS issuers REITs Brokers and dealers
205.8 1.5 106.0 98.3 205.8 28.2 3.5 -35.1 0.0 17.6 -1.0 38.7 23.4 14.3 -0.2 1.3 4.7 4.9 2.3 8.7 1.6 23.2 0.1 13.7 5.5 60.0 20.2 -0.2 9.0
229.8 -1.6 90.4 141.0 229.8 102.3 5.1 -35.3 0.0 26.8 -0.4 28.2 15.3 12.4 0.3 0.2 -8.5 4.9 2.8 1.3 -11.3 5.5 0.1 11.0 33.1 65.8 -6.0 3.2 1.2
213.6 -0.1 99.1 114.6 213.6 54.3 -20.5 -0.8 0.0 30.3 -1.5 75.5 60.4 12.5 0.6 2.0 -0.8 0.4 1.7 -3.0 6.1 18.4 0.1 -5.5 8.9 67.6 -21.8 9.0 -4.8
473.6 2.0 278.9 192.7 473.6 70.6 2.6 38.7 0.0 11.1 -0.3 92.0 81.7 5.2 1.1 3.9 -11.6 7.3 -1.2 -9.6 -17.2 19.1 0.2 76.1 21.6 158.4 23.3 -8.1 0.5
593.1 -0.2 318.8 274.6 593.1 83.4 1.8 44.2 0.0 63.4 -0.2 36.4 29.4 4.9 -1.3 3.3 3.4 2.9 5.9 7.0 39.6 22.9 -0.0 18.6 36.2 172.9 38.2 1.4 15.0
433.9 -1.0 235.2 199.7 433.9 38.6 3.0 41.4 0.0 141.9 -0.1 22.3 18.2 0.4 -0.5 4.3 -6.7 -0.4 8.6 11.0 -32.9 49.9 0.1 -7.0 12.6 145.0 8.5 0.5 -2.3
642.1 -0.5 304.1 338.5 642.1 -103.3 2.1 47.3 0.0 92.0 -0.1 55.6 73.7 -22.0 1.4 2.5 21.0 19.6 10.1 18.1 5.1 1.9 1.6 141.5 84.7 190.1 33.6 7.0 14.1
547.2 0.5 219.8 326.8 547.2 -142.2 -0.7 41.7 0.0 127.1 0.0 140.5 121.1 10.9 4.5 3.9 14.7 -1.5 19.0 77.4 -19.4 11.8 1.9 8.7 54.0 114.9 75.4 9.7 14.1
579.1 -2.4 250.9 330.6 579.1 148.0 -4.8 22.5 0.0 12.3 -0.0 84.2 85.1 -6.5 0.9 4.7 22.6 15.2 2.2 18.0 38.3 42.5 0.5 -4.6 25.2 85.1 83.0 -2.9 -8.1
122.3 -0.6 75.0 47.9 122.3 29.8 0.1 21.9 0.0 178.2 0.0 95.0 89.7 -1.2 1.9 4.7 -82.3 -1.1 -3.3 8.2 11.3 23.7 -0.5 -61.1 15.2 -147.8 -4.3 15.8 23.5
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29
(1) Agency- and GSE-backed securities include: issues of federal budget agencies (line 2) such as those for the TVA; issues of government-sponsored enterprises (line 3) such as Fannie Mae and FHLB; and agency- and GSE-backed mortgage pool securities issued by GNMA, Fannie 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.
36
FFA, 1995-2004, March 12, 2009
F.211 Municipal Securities and Loans
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22
Net change in liabilities State and local governments Short-term (1) Long-term Nonprofit organizations (2) Nonfinancial corporate business (industrial revenue bonds) Net change in assets Household sector Nonfinancial corporate business Nonfarm noncorporate business State and local governments Rest of the world Commercial banking Savings institutions Property-casualty insurance companies Life insurance companies State and local govt. retirement funds Money market mutual funds Mutual funds Closed-end funds Government-sponsored enterprises Brokers and dealers
-57.6 -60.9 1.2 -62.1 0.2 3.1 -57.6 -60.5 -19.9 0.6 -3.5 1.0 -4.2 -0.0 7.0 -0.9 0.7 14.3 3.2 4.8 2.7 -2.7
-6.5 -15.7 6.3 -22.0 6.1 3.1 -6.5 -40.5 -5.8 0.4 -0.5 1.0 0.9 0.1 14.4 1.5 -1.3 16.8 3.1 1.0 4.3 -1.9
56.9 45.6 8.3 37.3 7.1 4.2 56.9 21.5 -3.6 0.5 -0.7 1.0 2.4 0.0 2.6 0.1 0.9 22.5 6.5 0.3 0.5 2.4
84.2 66.7 -6.3 72.9 11.8 5.8 84.2 1.1 -1.6 -0.4 -0.7 1.0 8.2 0.4 16.5 1.7 1.7 25.8 22.8 1.3 6.5 -0.1
54.4 38.9 2.6 36.3 10.4 5.1 54.4 29.4 -0.7 -0.1 0.3 1.0 5.9 0.5 -9.1 1.7 -0.2 17.6 -3.2 9.0 3.6 -1.2
23.6 16.5 1.4 15.1 5.8 1.4 23.6 4.8 6.9 -0.3 0.2 0.2 3.4 0.2 -14.9 -1.0 -1.3 34.1 -9.0 -2.0 2.8 -0.7
122.8 105.4 23.8 81.6 13.8 3.5 122.8 49.6 -2.6 1.1 0.2 0.0 6.1 1.6 -10.3 -0.4 -0.1 34.2 22.6 7.0 6.2 7.7
159.4 143.4 25.2 118.2 12.9 3.1 159.4 97.6 2.8 -0.1 0.1 3.5 1.5 0.9 9.2 1.2 -0.8 1.8 24.3 11.3 4.0 2.0
137.6 120.0 10.4 109.6 14.1 3.5 137.6 25.4 3.3 -0.7 0.3 8.0 11.0 0.9 41.2 6.2 3.5 13.6 12.9 3.2 5.0 3.8
130.5 115.1 -5.9 121.0 10.3 5.1 130.5 38.6 -3.6 1.7 0.3 6.5 8.1 0.8 43.6 4.0 -2.6 21.8 4.1 -0.1 0.3 7.1
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22
(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).
F.212 Corporate and Foreign Bonds
Billions of dollars
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 Net issues Nonfinancial corporate business Rest of the world (1) Financial sectors Commercial banking Savings institutions ABS issuers (net) (3) Finance companies REITs Brokers and dealers Funding corporations Net purchases Household sector State and local governments Rest of the world (2) Commercial banking Savings institutions Credit unions Property-casualty insurance companies Life insurance companies Private pension funds State and local govt. retirement funds Federal government retirement funds Money market mutual funds Mutual funds Closed-end funds Exchange-traded funds Government-sponsored enterprises Finance companies REITs Brokers and dealers Funding corporations 342.3 104.2 56.9 181.2 18.5 -0.0 90.5 52.6 0.2 -5.0 24.4 342.3 78.7 7.1 49.2 8.0 -8.2 0.0 12.7 90.7 14.0 10.1 0.1 6.4 23.1 5.4 0.0 9.9 13.0 0.8 11.7 9.8 336.5 128.0 66.6 141.9 7.8 -0.4 69.2 36.8 1.3 -2.0 29.2 336.5 52.6 10.7 70.8 1.1 -9.9 0.0 18.3 79.2 3.3 22.2 0.1 2.4 33.0 1.9 0.0 8.1 15.5 1.4 13.1 12.8 370.7 181.1 59.6 130.0 23.7 0.1 48.0 4.7 14.8 8.1 30.6 370.7 40.5 1.3 67.4 26.0 -9.9 0.0 18.9 85.7 34.0 33.1 0.0 12.5 40.9 -0.0 0.0 6.0 9.7 2.1 5.7 -3.4 490.6 214.9 28.8 246.8 27.6 -0.2 132.4 24.2 21.7 7.2 34.0 490.6 27.7 11.4 105.2 35.7 29.9 0.0 11.6 82.6 20.4 35.1 0.1 45.8 62.5 4.7 0.0 24.6 7.1 -0.4 -17.9 4.5 385.5 225.9 7.9 151.7 20.4 0.2 14.7 64.7 11.7 -17.2 57.4 385.5 -85.8 11.6 143.4 33.9 23.3 0.0 10.0 41.2 43.1 30.4 -0.0 42.6 26.3 1.8 0.0 28.8 27.0 -0.1 11.9 -3.8 358.2 164.0 21.2 173.0 32.6 3.5 44.4 72.9 1.9 15.6 1.9 358.2 80.3 9.8 168.2 56.0 -2.5 0.0 6.4 47.9 -76.3 4.2 0.0 27.3 -10.6 -2.7 0.0 23.3 18.8 -0.4 17.2 -8.9 635.0 343.4 -18.5 310.1 37.0 -2.6 179.7 68.1 4.4 1.4 22.2 635.0 25.6 11.3 195.4 97.0 -25.6 0.0 8.9 119.5 -23.1 -34.6 0.9 42.3 65.4 -3.8 0.0 41.4 19.0 2.3 47.3 45.8 558.3 133.4 31.6 393.4 22.0 -0.2 262.9 64.0 15.9 -1.7 30.5 558.3 182.1 9.1 147.5 -3.2 -4.0 22.1 2.4 105.7 11.4 -62.4 1.2 5.6 50.4 0.1 1.8 50.3 18.1 2.4 32.1 -14.4 667.3 152.2 28.7 486.4 46.2 1.7 285.2 107.9 23.6 6.4 15.4 667.3 -144.6 7.1 220.8 43.4 -8.0 2.3 20.0 170.4 20.9 -9.9 0.4 30.5 78.5 31.6 0.6 50.3 53.3 8.4 36.2 54.9 833.5 75.5 85.8 672.3 59.0 2.5 441.5 74.1 67.6 15.2 12.2 833.5 98.3 6.9 259.5 82.4 -12.7 0.6 26.4 145.9 -7.7 6.0 -0.3 2.3 64.9 8.9 1.0 137.4 -7.7 17.2 18.7 -14.5 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32
(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, 1995-2004, March 12, 2009
37
F.213 Corporate Equities (1)
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
Net issues Nonfinancial corporate business Rest of the world (2) Financial sectors Commercial banking Savings institutions Property-casualty insurance companies Life insurance companies Closed-end funds Exchange-traded funds REITs Government-sponsored enterprises Brokers and dealers Funding corporations (3) Net purchases Household sector State and local governments Federal government Rest of the world (4) Commercial banking Savings institutions Property-casualty insurance companies Life insurance companies Private pension funds State and local govt. retirement funds Federal government retirement funds Mutual funds Closed-end funds Exchange-traded funds Brokers and dealers
0.9 -58.3 65.4 -6.2 -8.7 0.0 -2.2 -3.6 8.0 0.4 8.7 -0.6 -8.1 0.0 0.9 -69.6 12.1 0.0 3.5 2.1 0.7 -0.9 28.2 -91.0 18.2 2.6 87.4 -0.5 0.4 7.7
14.3 -47.3 82.8 -21.3 -14.3 0.0 -4.8 -8.8 0.3 1.1 12.3 -0.4 -6.5 0.0 14.3 -157.0 14.5 0.0 -3.5 1.8 0.6 -7.1 44.5 -91.5 18.2 4.2 193.0 -2.6 1.1 -1.9
-47.7 -77.4 57.6 -27.9 -27.7 0.0 -13.7 -4.0 -11.2 3.4 32.5 -1.4 -5.9 0.0 -47.7 -218.7 16.8 0.0 53.2 0.6 0.2 2.6 72.0 -150.7 9.4 4.4 166.8 -10.0 3.4 2.4
-110.6 -215.5 101.4 3.5 -11.2 0.0 -4.7 -4.7 -6.8 6.0 19.8 2.6 2.5 0.0 -110.6 -285.0 -8.8 0.0 27.4 1.3 1.5 -5.4 82.5 -31.5 -28.2 4.0 143.3 -11.8 6.0 -6.0
5.7 -110.4 114.3 1.7 -10.2 0.2 -7.8 -6.0 -4.8 12.2 6.6 4.0 7.6 0.0 5.7 -153.2 -21.7 0.0 104.5 2.0 -0.7 -1.7 116.9 -180.4 -6.2 4.4 136.4 -14.5 12.2 7.7
5.4 -118.2 106.7 16.9 -12.5 0.4 -4.5 -0.8 -5.5 42.4 2.0 -0.3 -4.2 0.0 5.4 -637.6 6.1 0.0 199.7 0.3 0.4 0.3 111.3 62.8 11.6 5.2 193.1 0.1 42.4 9.6
100.9 -48.1 109.1 39.9 -8.1 1.0 0.5 -0.9 1.9 31.0 6.1 1.6 6.7 0.0 100.9 -488.2 4.1 0.0 134.3 0.2 3.2 -0.7 70.2 106.5 115.1 -0.6 109.8 -1.3 31.0 17.3
47.2 -41.4 17.0 71.6 -10.7 0.9 6.2 -6.5 18.1 45.3 8.4 -0.2 10.2 0.0 47.2 -187.5 10.3 0.0 54.4 -0.6 2.0 -1.6 52.7 -61.5 85.2 8.2 31.4 9.4 41.6 3.2
143.1 -41.1 118.0 66.2 -2.1 1.6 4.1 -3.9 43.7 15.8 13.3 1.7 -8.0 0.0 143.1 -81.7 -17.0 0.0 5.2 2.4 -1.0 -3.4 45.5 -24.1 35.4 17.5 136.8 8.3 15.1 4.1
78.8 -124.4 84.8 118.5 17.6 -0.3 -4.0 -17.3 32.7 56.4 21.5 9.3 2.6 0.0 78.8 -258.2 -4.2 0.0 25.0 -0.3 -1.1 -3.9 51.5 11.2 1.9 9.1 158.5 21.7 52.6 15.2
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
(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. (4) Net purchases of U.S. issues by foreign residents.
F.214 Mutual Fund Shares (1)
Billions of dollars
1 2 3 4 5 6 7 8 9 10 11 12 Net issues Net purchases Household sector Nonfinancial corporate business State and local governments Rest of the world Commercial banking Credit unions Property-casualty insurance companies Life insurance companies Private pension funds State and local govt. retirement funds 147.4 147.4 46.7 4.6 -3.6 12.3 0.3 0.2 0.3 3.9 72.0 10.7 237.6 237.6 163.0 8.7 -0.6 13.8 0.3 -0.3 0.3 4.5 45.7 2.2 265.1 265.1 204.7 -6.4 -18.2 13.1 0.8 -0.2 0.4 7.2 55.2 8.5 279.5 279.5 196.1 6.7 -13.2 13.8 -0.4 1.2 0.3 9.4 53.6 12.0 191.2 191.2 72.1 7.4 -8.1 7.1 2.3 -1.1 0.1 10.0 99.4 2.1 237.6 237.6 66.7 3.5 1.2 -9.2 2.5 -0.3 0.4 5.6 117.3 49.9 204.9 204.9 161.1 4.4 0.4 -16.7 7.8 1.5 0.4 2.1 18.2 25.8 181.1 181.1 92.9 0.9 2.1 -1.5 1.7 -0.2 0.5 2.6 59.9 22.2 288.6 288.6 274.4 11.0 -5.2 26.2 -6.2 0.5 0.7 0.5 -3.8 -9.5 298.2 298.2 216.4 1.4 -1.3 32.7 -0.9 -0.9 0.5 12.8 36.1 1.5 1 2 3 4 5 6 7 8 9 10 11 12
(1) Shares of open-end investment companies; excludes shares of money market mutual funds, exchange-traded funds, and funding vehicles for variable annuities.
38
FFA, 1995-2004, March 12, 2009
F.215 Bank Loans Not Elsewhere Classified
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1
Total loans by commercial banking, flow of funds basis - Loans elsewhere classified: Open market paper Mortgages Consumer credit Security credit = Banking sector total bank loans n.e.c. U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies Banks in U.S.-affiliated areas + Loans from Federal Reserve banks = Total bank loans n.e.c. Net change in liabilities Nonfinancial sectors Household sector Corporate business Nonfarm noncorporate business Farm business Rest of the world Foreign official institutions Foreign banks Other foreign Financial sectors Savings institutions Finance companies REITs Brokers and dealers Funding corporations
240.1
174.5
236.5
255.3
206.3
385.4
73.3
225.6
215.9
444.7
1
2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28
-0.1 77.5 43.6 4.6 114.7 77.0 35.4 0.4 1.8 0.0 114.7 114.7 112.2 17.4 74.5 10.7 1.1 8.5 0.4 2.1 5.9 2.5 5.2 -1.7 -1.0 0.0 0.0
0.8 55.2 25.1 1.3 92.1 58.2 32.2 0.2 1.4 0.0 92.1 92.1 79.5 0.5 40.4 28.9 0.6 9.1 0.3 3.4 5.4 12.6 1.4 8.5 2.7 0.0 0.0
-0.8 99.9 -12.4 21.7 128.2 108.1 19.2 -0.0 0.9 0.0 128.2 128.2 114.9 8.0 51.1 43.8 3.5 8.5 -0.8 -0.5 9.8 13.3 3.5 -0.0 9.9 0.0 0.0
-0.2 91.7 -3.1 20.3 146.5 145.6 -1.7 1.7 0.9 0.0 146.5 146.5 114.2 5.5 76.2 24.8 1.2 6.6 0.7 -0.7 6.6 32.3 10.3 6.0 16.0 0.0 0.0
0.3 158.4 -4.2 -18.0 69.8 93.3 -22.4 -1.6 0.5 0.0 69.8 69.8 77.8 -12.5 40.0 50.7 -0.9 0.5 0.2 -3.2 3.5 -7.9 -15.7 13.8 -6.1 0.0 0.0
0.2 164.6 43.3 50.4 126.9 112.1 14.6 -0.9 1.1 0.0 126.9 126.9 106.5 0.1 43.8 48.5 2.7 11.4 0.6 3.4 7.4 20.4 21.0 3.6 -4.2 0.0 0.0
0.0 129.8 17.4 0.0 -73.9 -59.6 -19.1 0.3 4.5 0.0 -73.9 -73.9 -94.5 -21.7 -109.6 44.0 -0.0 -7.3 0.8 -7.4 -0.7 20.7 3.5 20.5 -3.3 0.0 0.0
0.0 268.5 34.1 2.8 -79.8 -57.8 -18.6 0.9 -4.3 0.0 -79.8 -79.8 -101.2 -22.6 -108.2 25.1 -0.9 5.3 0.8 -0.8 5.3 21.4 4.5 16.8 0.1 0.0 0.0
0.0 197.5 52.8 23.0 -57.4 -39.1 -23.6 5.0 0.3 0.0 -57.4 -57.4 -79.5 11.3 -99.2 11.3 -0.4 -2.5 -0.6 3.8 -5.7 22.1 16.0 5.8 0.3 0.0 0.0
0.0 339.8 34.9 -5.1 75.1 67.6 8.2 -2.5 1.8 0.0 75.1 75.1 14.7 -17.4 -1.2 27.2 2.2 3.8 1.0 4.5 -1.7 60.4 28.9 30.0 1.5 0.0 0.0
2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28
FFA, 1995-2004, March 12, 2009
39
F.216 Other Loans and Advances
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11
Total other loans and advances U.S. government loans Liab.: Household sector Nonfinancial corporate business Nonfarm noncorporate business Farm business State and local governments Rest of the world Government-sponsored enterprises Foreign loans to U.S. corporate business Liab.: Nonfinancial corporate business Customers liability on acceptances outstanding (Commercial banking asset) Liab.: Nonfinancial corporate business Rest of the world Savings institution loans to business Liab.: Nonfinancial corporate business Nonfarm noncorporate business Policy loans (Household liability) Asset: Federal government Life insurance companies Govt.-sponsored enterprises loans (1) Liab.: Household sector (SLMA) Noncorporate business (FCS) Farm business (FCS) Commercial banks (FHLB and SLMA) Savings institutions (FHLB and SLMA) Credit unions (FHLB) Life insurance companies (FHLB) Securitized loans held by ABS issuers Liab.: Nonfinancial corporate business Finance company loans to business Liab.: Nonfinancial corporate business Nonfarm noncorporate business Loans to nonfinancial corporate business (2) Asset: Household sector Life insurance companies Mutual funds ABS issuers Brokers and dealers Funding corporations
39.7 -13.5 -9.7 -1.7 0.2 -1.7 0.1 -0.8 0.0 0.0 0.0
59.4 2.6 9.3 -0.6 0.0 -0.5 -4.8 -0.7 0.0 3.9 3.9
97.0 5.9 -2.4 0.4 4.7 -0.4 5.1 -1.6 0.0 17.3 17.3
153.4 -2.4 -0.4 -0.3 -0.5 -0.4 0.1 -1.0 0.0 -1.0 -1.0
136.9 -7.0 -0.2 -0.3 -0.1 0.0 -1.6 -4.8 0.0 -22.7 -22.7
137.8 -2.7 -1.2 -0.0 -1.6 0.2 0.4 -0.6 0.0 -2.2 -2.2
27.3 -7.8 -1.2 -1.3 -4.0 -0.3 0.1 -1.1 0.0 -1.6 -1.6
32.0 -0.5 -0.9 1.0 1.0 -0.2 0.6 -1.9 0.0 10.1 10.1
39.3 -1.9 -0.6 0.8 0.2 -0.2 0.1 -2.1 0.0 -0.8 -0.8
128.6 -3.0 -0.9 0.3 1.3 -0.3 0.3 -3.7 0.0 6.3 6.3
1 2 3 4 5 6 7 8 9 10 11
12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40
-0.6 -0.8 0.3 2.5 1.2 1.2 10.5 0.1 10.4 7.2 -0.1 2.5 1.4 6.2 -2.6 -0.1 -0.1 5.9 5.9 26.7 24.0 2.7 1.0 0.1 0.0 0.2 0.1 0.3 0.2
1.0 -0.7 1.8 3.0 1.5 1.5 4.5 0.0 4.5 29.4 0.0 0.1 1.3 2.3 24.5 0.1 1.1 8.1 8.1 3.1 2.8 0.3 3.8 -0.1 0.0 0.8 0.2 1.4 1.5
-2.8 -2.6 -0.2 3.1 1.6 1.6 3.2 0.0 3.2 35.4 -0.2 0.0 0.0 19.1 16.2 0.1 0.2 24.4 24.4 -0.6 -0.5 -0.1 11.1 0.1 1.1 3.4 2.0 3.5 1.0
-9.3 -4.3 -5.0 5.3 2.7 2.7 0.1 -0.0 0.1 93.5 -0.1 0.6 2.7 46.9 42.1 0.6 0.7 23.8 23.8 36.8 33.1 3.7 6.6 -0.0 1.9 2.7 1.8 -0.7 0.9
-3.1 -2.2 -0.9 6.5 3.2 3.2 -5.1 -0.0 -5.0 108.1 0.1 0.9 0.0 40.6 63.5 2.2 0.7 -3.3 -3.3 54.2 48.8 5.4 9.3 0.4 0.3 2.9 3.2 0.1 2.5
-0.7 -0.0 -0.7 8.7 4.3 4.3 2.8 -0.0 2.9 45.3 -0.3 1.5 1.5 26.8 16.3 0.0 -0.7 7.2 7.2 61.1 55.0 6.1 18.3 1.3 1.1 4.3 6.9 2.1 2.7
-2.9 -0.3 -2.6 3.6 1.8 1.8 2.2 -0.0 2.2 28.3 -0.1 0.0 2.9 24.2 -0.9 1.5 0.6 18.5 18.5 -16.0 -14.4 -1.6 3.1 0.7 0.7 -7.3 7.8 1.3 -0.1
-0.0 0.3 -0.4 3.3 1.7 1.7 1.0 -0.1 1.0 8.9 0.1 0.6 1.4 30.2 -27.4 2.0 2.0 -3.3 -3.3 3.8 3.4 0.4 8.7 0.2 1.1 0.5 9.4 -1.3 -1.2
-0.2 -0.2 0.0 10.1 5.0 5.0 -0.7 -0.1 -0.7 31.1 -0.1 -0.3 0.3 8.6 17.6 2.2 2.9 -1.1 -1.1 -2.3 -2.1 -0.2 5.3 0.3 0.6 -1.1 6.2 0.1 -0.9
-0.4 -0.4 0.1 1.3 0.7 0.7 1.6 -0.1 1.6 73.5 -0.3 -1.7 1.5 8.8 60.0 2.3 3.0 1.4 1.4 9.8 8.8 1.0 38.1 2.8 1.9 9.6 18.9 5.2 -0.3
12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40
(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.
40
FFA, 1995-2004, March 12, 2009
F.217 Total Mortgages
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
Net change in mortgages Home Multifamily residential Commercial Farm Net borrowing Household sector Nonfinancial business Corporate Nonfarm noncorporate Farm Federal government REITs Net change in assets Household sector Nonfinancial corporate business Nonfarm noncorporate business State and local governments Federal government Commercial banking Savings institutions (1) Credit unions Property-casualty insurance companies Life insurance companies Private pension funds State and local govt. retirement funds Government-sponsored enterprises (1) Agency- and GSE-backed mortgage pools ABS issuers Finance companies REITs
187.5 167.9 6.4 11.5 1.8 187.5 144.5 37.7 8.1 27.8 1.8 0.0 5.3 187.5 -7.2 1.6 -2.1 3.3 -13.5 77.5 0.6 4.4 -1.0 -2.6 0.8 0.7 6.3 98.3 17.5 2.1 0.8
269.6 223.6 12.3 31.0 2.7 269.6 210.2 51.6 10.7 38.2 2.7 -0.0 7.9 269.6 -7.5 -3.6 -1.4 3.8 -7.2 55.2 31.6 9.5 -0.4 -5.0 0.7 0.8 -6.4 141.0 37.5 21.2 -0.3
313.7 234.8 12.0 62.9 4.1 313.7 214.9 83.9 32.2 47.7 4.1 -0.0 14.9 313.7 -7.1 25.9 -1.6 3.7 -4.5 99.9 3.5 10.1 -0.2 -1.3 0.8 0.9 -4.7 114.6 62.9 1.9 9.1
487.0 356.7 33.6 92.1 4.6 487.0 312.1 150.1 1.3 144.2 4.6 0.0 24.8 487.0 -4.3 -13.0 7.6 6.1 -0.8 91.7 12.1 10.8 -0.3 6.8 -0.2 4.8 7.6 192.7 129.9 32.3 3.4
578.5 428.3 41.0 105.1 4.1 578.5 389.8 181.9 42.7 135.1 4.1 0.0 6.9 578.5 7.2 -26.0 -2.2 4.4 -0.1 158.4 24.1 14.1 -0.0 15.7 1.8 3.3 -5.0 274.6 73.6 34.4 0.1
561.5 427.2 30.0 106.8 -2.5 561.5 399.7 156.9 21.9 137.5 -2.5 0.0 4.9 561.5 1.9 2.3 -0.7 -1.3 -0.9 164.6 54.9 13.8 -0.3 5.2 0.2 -3.6 22.2 199.7 66.1 42.6 -5.4
708.4 551.8 41.9 110.9 3.8 708.4 528.4 177.8 52.8 121.2 3.8 0.0 2.2 708.4 5.3 3.1 3.4 -0.8 -1.1 129.8 35.1 16.4 0.2 7.1 -2.2 -1.1 33.2 338.5 122.0 20.3 -0.7
901.8 756.6 38.5 99.8 6.9 901.8 732.4 158.5 30.6 121.0 6.9 0.0 11.0 901.8 7.3 2.9 -0.6 -5.3 0.5 268.5 23.0 18.2 0.1 7.0 0.6 0.1 59.8 326.8 110.7 72.3 10.0
999.5 801.9 71.9 127.0 -1.3 999.5 855.7 135.6 61.3 75.5 -1.3 0.0 8.2 999.5 5.2 2.2 0.1 8.5 -2.5 197.5 89.6 23.2 0.1 10.9 -0.1 -0.7 101.7 330.6 172.7 39.7 20.7
1252.3 1025.3 53.1 171.2 2.7 1252.3 952.8 273.6 54.2 216.7 2.7 0.0 25.9 1252.3 10.8 14.8 4.6 8.3 1.6 339.8 186.8 30.6 0.3 12.4 -0.2 -5.3 7.5 47.9 432.1 105.8 54.5
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
(1) FHLB loans to savings institutions are included in other loans and advances.
FFA, 1995-2004, March 12, 2009
41
F.218 Home Mortgages (1)
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21
Net borrowing Household sector Nonfinancial corporate business Nonfarm noncorporate business Net change in assets Household sector Nonfinancial corporate business Nonfarm noncorporate business State and local governments Federal government Commercial banking Savings institutions Credit unions Life insurance companies Private pension funds State and local govt. retirement funds Government-sponsored enterprises Agency- and GSE-backed mortgage pools ABS issuers Finance companies REITs Memo: Home equity loans included above (2) Commercial banking Savings institutions Credit unions ABS issuers Finance companies
167.9 154.0 -0.1 13.9 167.9 -8.7 1.1 -0.8 3.2 -4.9 56.7 4.7 4.4 0.3 0.7 0.5 5.4 93.8 10.8 -1.2 1.9
223.6 205.5 1.1 17.0 223.6 -8.9 -9.3 -0.5 2.3 -3.0 31.0 31.4 9.5 -1.9 0.6 0.6 -6.6 135.4 21.6 20.5 1.1
234.8 216.1 0.3 18.4 234.8 -8.9 5.3 -0.6 3.0 -2.1 68.0 7.0 10.1 0.3 0.8 0.6 -4.7 109.3 38.4 2.4 6.0
356.7 301.6 1.4 53.7 356.7 -4.9 -2.7 2.7 -0.8 -0.3 51.6 12.8 10.8 -0.6 0.1 1.5 5.6 182.1 68.1 29.8 0.8
428.3 380.0 2.1 46.2 428.3 7.1 -6.9 -0.9 2.3 -0.4 83.0 14.7 14.1 0.1 0.7 1.0 -10.4 264.6 31.8 28.0 -0.7
427.2 385.7 2.0 39.5 427.2 7.1 1.2 -0.2 -0.6 -0.7 86.1 46.0 13.8 -0.8 1.1 -1.1 16.1 190.9 31.8 39.7 -3.3
551.8 506.9 2.1 42.8 551.8 6.8 1.5 1.2 -0.4 -0.6 58.4 26.2 16.4 0.4 -3.1 -0.3 21.7 322.9 77.7 22.8 0.2
756.6 706.4 0.7 49.5 756.6 6.1 1.9 -0.2 -2.7 -0.9 198.8 10.7 18.2 -1.1 -1.8 0.7 45.6 315.2 80.3 75.9 9.9
801.9 859.7 1.9 -59.7 801.9 6.1 1.2 0.0 4.3 -0.9 128.7 71.8 23.2 0.3 -1.1 -0.3 89.7 303.5 122.2 34.6 18.4
1025.3 937.8 4.7 82.8 1025.3 9.1 13.8 1.6 4.2 -0.5 225.2 171.4 30.6 0.8 -0.2 -1.9 -6.7 45.0 380.0 101.8 51.0
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21
22 23 24 25 26 27
15.7 10.3 1.1 2.0 0.6 1.6
25.1 13.8 1.7 2.6 0.8 6.1
34.4 20.1 3.2 3.5 1.3 6.3
13.0 2.9 0.5 0.7 2.1 6.7
24.4 12.7 3.7 3.7 1.5 2.8
73.6 45.5 13.1 7.3 2.1 5.7
31.0 23.6 5.1 4.2 1.9 -3.9
61.8 44.7 0.6 3.0 2.6 10.9
92.7 62.7 17.1 3.7 1.1 8.0
182.2 117.6 25.6 12.2 7.1 19.7
22 23 24 25 26 27
(1) Mortgages on 1-4 family properties including mortages on farm houses. (2) Loans made under home equity lines of credit and home equity loans secured by junior liens. Excludes home equity loans held by individuals.
F.219 Multifamily Residential Mortgages
Billions of dollars
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 Net borrowing Nonfinancial corporate business Nonfarm noncorporate business Federal government REITs Net change in assets Household sector Nonfinancial corporate business Nonfarm noncorporate business State and local governments Federal government Commercial banking Savings institutions Life insurance companies Private pension funds State and local govt. retirement funds Government-sponsored enterprises Agency- and GSE-backed mortgage pools ABS issuers Finance companies REITs 6.4 1.0 3.6 0.0 1.8 6.4 0.3 -0.8 -0.7 0.6 -4.3 4.6 -2.4 0.9 -0.0 0.2 0.5 4.5 2.1 1.3 -0.6 12.3 1.0 8.8 -0.0 2.6 12.3 -0.1 0.7 -0.5 1.8 -2.9 2.9 -0.4 2.0 0.0 0.2 -0.8 5.6 3.9 0.0 -0.4 12.0 1.1 5.9 -0.0 4.9 12.0 -0.1 0.6 -0.5 0.6 -0.9 4.2 -2.0 -0.3 -0.0 0.2 -1.5 5.3 4.7 0.8 0.9 33.6 1.1 24.3 0.0 8.2 33.6 -0.0 -0.3 2.6 4.5 -0.3 5.0 -2.5 1.1 -0.1 1.3 -0.0 10.5 12.9 -1.0 0.1 41.0 1.3 37.8 0.0 1.9 41.0 -0.0 -0.2 -0.8 1.8 -0.0 13.0 2.3 1.1 0.2 0.9 4.3 9.2 8.7 0.2 0.3 30.0 1.4 25.5 0.0 3.1 30.0 -0.0 -0.1 -0.2 -0.5 0.3 10.1 1.9 0.9 0.0 -1.0 4.5 8.5 5.4 0.4 -0.3 41.9 1.4 38.9 0.0 1.6 41.9 -0.0 0.1 1.2 -0.3 -0.2 7.0 3.3 2.0 0.3 -0.2 8.2 15.6 5.8 -0.5 -0.4 38.5 1.5 35.4 0.0 1.7 38.5 0.0 0.0 -0.2 -2.1 0.5 9.3 4.1 1.2 0.5 0.3 8.5 12.9 5.4 -1.4 -0.5 71.9 1.6 69.7 0.0 0.6 71.9 0.0 0.0 0.0 3.4 0.2 10.3 9.3 1.7 0.3 -0.2 12.1 26.5 7.9 0.0 0.3 53.1 1.8 46.6 0.0 4.7 53.1 0.0 0.0 1.6 3.3 0.4 14.2 9.6 1.9 0.0 -1.6 14.3 2.9 6.4 -0.1 0.1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21
42
FFA, 1995-2004, March 12, 2009
F.220 Commercial Mortgages
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21
Net borrowing Household sector Nonfinancial corporate business Nonfarm noncorporate business REITs Net change in assets Household sector Nonfinancial corporate business Nonfarm noncorporate business State and local governments Federal government Commercial banking Savings institutions Property-casualty insurance companies Life insurance companies Private pension funds State and local govt. retirement funds Agency- and GSE-backed mortgage pools ABS issuers Finance companies REITs
11.5 -9.6 7.2 10.2 3.6 11.5 0.6 1.2 -0.6 -0.5 -3.8 15.0 -1.8 -1.0 -4.0 0.1 0.0 -0.0 4.6 2.0 -0.5
31.0 4.7 8.6 12.4 5.3 31.0 0.7 5.1 -0.4 -0.2 -0.9 20.2 0.6 -0.4 -5.6 0.1 -0.0 -0.0 12.0 0.7 -1.0
62.9 -1.2 30.8 23.3 10.0 62.9 0.7 20.0 -0.4 0.2 -0.7 25.7 -1.5 -0.2 -1.5 0.1 -0.0 0.0 19.7 -1.3 2.2
92.1 10.5 -1.1 66.2 16.6 92.1 0.9 -10.0 2.0 2.5 0.1 33.2 1.8 -0.3 5.2 -0.2 2.0 0.0 48.9 3.5 2.5
105.1 9.8 39.3 51.1 5.0 105.1 0.8 -19.0 -0.5 0.4 0.6 60.0 7.1 -0.0 13.8 0.9 1.3 0.0 33.1 6.1 0.5
106.8 14.0 18.6 72.4 1.8 106.8 1.7 1.1 -0.2 -0.1 -0.4 66.2 6.9 -0.3 4.7 -0.9 -1.5 0.0 28.8 2.5 -1.9
110.9 21.5 49.3 39.5 0.6 110.9 -0.7 1.5 0.9 -0.1 -0.1 63.0 5.6 0.2 4.6 0.6 -0.6 0.0 38.5 -2.0 -0.4
99.8 25.9 28.5 36.1 9.3 99.8 0.7 1.0 -0.2 -0.4 1.2 58.3 8.2 0.1 6.7 2.0 -0.9 0.0 25.0 -2.2 0.5
127.0 -3.9 57.8 65.5 7.6 127.0 0.6 1.0 0.0 0.7 -1.6 58.6 8.4 0.1 8.9 0.8 -0.2 0.0 42.6 5.1 2.0
171.2 15.0 47.7 87.4 21.2 171.2 0.6 1.0 1.2 0.7 1.8 98.1 5.9 0.3 10.1 0.0 -1.8 0.0 45.7 4.1 3.4
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21
F.221 Farm Mortgages (1)
Billions of dollars
1 2 3 4 5 6 7 8 9 10 11 12 Net borrowing (Farm business) Net change in assets Household sector Nonfarm noncorporate business State and local governments Federal government Commercial banking Savings institutions Life insurance companies State and local govt. retirement funds Government-sponsored enterprises Agency- and GSE-backed mortgage pools 1.8 1.8 0.6 -0.0 -0.0 -0.5 1.2 -0.0 0.1 0.0 0.3 0.1 2.7 2.7 0.8 -0.0 -0.1 -0.5 1.1 0.0 0.4 0.0 1.0 -0.0 4.1 4.1 1.2 -0.0 -0.0 -0.9 2.0 0.0 0.3 0.0 1.5 0.0 4.6 4.6 -0.3 0.2 -0.1 -0.3 2.0 0.1 1.0 0.0 2.0 0.1 4.1 4.1 -0.7 -0.0 0.0 -0.2 2.4 0.1 0.7 0.0 1.1 0.8 -2.5 -2.5 -7.0 -0.0 -0.0 -0.1 2.2 0.1 0.4 0.0 1.6 0.3 3.8 3.8 -0.9 0.1 -0.0 -0.2 1.3 0.0 0.2 0.0 3.3 0.0 6.9 6.9 0.5 -0.0 -0.1 -0.3 2.0 0.0 0.2 0.0 5.7 -1.3 -1.3 -1.3 -1.5 0.0 0.1 -0.3 -0.1 0.1 -0.1 0.0 -0.1 0.6 2.7 2.7 1.1 0.1 0.1 -0.2 2.3 -0.0 -0.5 0.0 -0.0 -0.1 1 2 3 4 5 6 7 8 9 10 11 12
(1) Excludes mortgages on farm houses.
FFA, 1995-2004, March 12, 2009
43
F.222 Consumer Credit
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11
Net change in liabilities (Households) Net change in assets Nonfinancial corporate business Nonfarm noncorporate business Federal government Commercial banking Savings institutions Credit unions Government-sponsored enterprises ABS issuers Finance companies
147.0 147.0 -1.6 0.0 2.3 43.6 1.6 12.3 4.0 67.0 17.7
105.7 105.7 -7.3 0.0 8.5 25.1 4.6 12.2 -0.6 60.4 2.8
70.3 70.3 6.7 0.0 10.0 -12.4 2.5 8.2 -4.2 47.0 12.6
97.1 97.1 -5.1 0.0 8.9 -3.1 5.2 3.0 -1.2 73.5 15.8
112.4 112.4 -3.2 0.0 11.5 -4.2 9.4 12.5 5.4 62.7 18.3
176.5 176.5 5.4 0.0 11.7 43.3 3.0 16.5 -3.9 67.7 32.8
150.7 150.7 -8.4 0.0 12.8 17.4 6.3 5.1 2.4 69.6 45.5
107.9 107.9 1.6 0.0 8.0 34.1 -2.4 6.2 -2.5 35.3 27.5
104.4 104.4 -16.2 0.0 1.9 52.8 9.2 10.1 -16.3 -22.5 85.5
115.0 115.0 0.1 0.0 3.7 34.9 13.4 9.5 -20.6 -25.3 99.3
1 2 3 4 5 6 7 8 9 10 11
F.223 Trade Credit
Billions of dollars
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Net change in trade payables Household sector Nonfinancial corporate business Nonfarm noncorporate business Farm business State and local governments Federal government Rest of the world Brokers and dealers Net change in trade receivables Nonfinancial corporate business Nonfarm noncorporate business State and local governments Federal government Rest of the world Property-casualty insurance companies ABS issuers Discrepancy 122.2 7.9 81.0 12.4 1.5 17.2 -4.6 5.8 1.1 118.6 78.0 15.3 6.1 -1.6 0.7 4.4 15.8 3.6 110.7 8.0 49.5 30.6 1.4 18.1 0.7 -1.7 4.0 138.7 88.1 29.5 5.6 0.9 5.5 -0.1 9.1 -28.1 127.6 8.9 65.1 31.0 1.1 19.5 -8.8 5.2 5.7 150.7 88.0 35.1 6.3 -3.2 0.9 2.7 20.9 -23.1 104.6 8.7 57.6 30.8 -0.4 20.7 -8.0 -3.9 -1.0 123.2 87.3 28.2 7.0 1.5 -6.5 1.6 4.0 -18.6 255.7 4.1 178.5 34.7 -0.2 22.8 -0.4 4.2 11.9 241.0 209.2 39.4 8.7 4.6 -5.1 2.0 -17.8 14.7 393.2 3.8 313.3 46.6 -5.8 25.0 4.4 0.8 5.1 378.2 281.6 69.6 4.9 5.3 -0.4 1.0 16.1 15.0 -84.4 -1.9 -103.7 -4.9 0.3 26.9 3.4 -7.7 3.3 -91.5 -121.3 1.8 6.0 7.3 -3.1 5.3 12.6 7.2 86.7 19.1 19.7 26.0 -0.5 28.4 0.8 -4.9 -1.8 -78.2 -98.3 18.9 2.6 -3.3 2.6 4.9 -5.6 164.9 22.4 4.8 -54.7 -25.7 -0.4 29.2 72.4 6.1 -9.2 -0.7 -17.2 -25.1 8.1 19.1 1.3 4.5 8.7 23.1 194.5 16.5 97.3 22.2 1.8 30.4 15.1 3.5 7.8 183.3 128.9 26.6 7.9 10.5 -1.1 0.3 10.2 11.2 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18
F.224 Security Credit
Billions of dollars
1 2 3 4 5 6 7 8 9 10 11 12 Net change in liabilities Household sector Rest of the world Brokers and dealers Customer credit balances (HH) From U.S.-chartered commercial banks From foreign banking offices in U.S. Net change in assets Household sector Rest of the world Commercial banking Brokers and dealers 26.7 3.5 0.0 23.1 18.6 8.3 -3.7 26.7 18.6 0.0 4.6 3.5 52.4 15.8 0.0 36.6 35.3 -4.8 6.2 52.4 35.3 0.0 1.3 15.8 111.0 36.8 0.0 74.2 52.6 4.2 17.5 111.0 52.6 0.0 21.7 36.8 103.2 21.6 0.0 81.6 61.2 11.9 8.4 103.2 61.2 0.0 20.3 21.6 104.4 75.2 0.0 29.2 47.2 -8.8 -9.3 104.4 47.2 0.0 -18.0 75.2 146.1 7.2 0.0 138.9 88.6 7.1 43.2 146.1 88.6 0.0 50.4 7.2 3.1 -38.8 0.0 41.9 41.9 7.2 -7.2 3.1 41.9 0.0 0.0 -38.8 -87.0 -48.2 0.0 -38.9 -41.6 -2.7 5.5 -87.0 -41.6 0.0 2.8 -48.2 120.0 34.3 0.0 85.7 62.7 12.2 10.8 120.0 62.7 0.0 23.0 34.3 179.4 81.5 0.0 97.9 103.0 10.7 -15.8 179.4 103.0 0.0 -5.1 81.5 1 2 3 4 5 6 7 8 9 10 11 12
44
FFA, 1995-2004, March 12, 2009
F.225 Life Insurance and Pension Fund Reserves
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
Life insurance reserves: 1 2 3 4 Net change in liabilities Federal government Life insurance companies Net change in assets (Households) Pension fund reserves: 5 6 7 8 9 10 Net change in liabilities Life insurance companies Private pension funds (1) State and local govt. retirement funds Federal government retirement funds (2) Net change in assets (Households) (3) 176.8 52.5 33.1 64.2 26.9 176.8 151.6 36.7 4.1 49.2 61.6 151.6 213.4 103.9 -15.3 78.3 46.5 213.4 282.0 131.4 42.0 60.7 47.9 282.0 182.9 102.7 -14.6 46.4 48.5 182.9 271.6 166.6 -23.5 100.4 28.2 271.6 266.3 129.2 -19.6 86.9 69.9 266.3 262.9 149.3 16.5 51.7 45.4 262.9 258.5 144.2 26.2 39.9 48.2 258.5 288.4 200.4 9.4 23.8 54.7 288.4 5 6 7 8 9 10 45.8 1.0 44.8 45.8 44.5 0.6 43.8 44.5 59.3 1.7 57.6 59.3 48.0 1.3 46.7 48.0 50.8 1.4 49.4 50.8 50.2 1.4 48.7 50.2 77.2 1.4 75.8 77.2 60.1 1.6 58.5 60.1 66.8 1.1 65.7 66.8 33.1 1.1 32.0 33.1 1 2 3 4
(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 businesses Nonfinancial corporate business Nonfarm noncorporate business U.S.-chartered commercial banks Savings institutions Property-casualty insurance companies Life insurance companies Finance companies Brokers and dealers Net change in business taxes receivable State and local governments Federal government Discrepancy 5.0 14.7 18.4 12.6 19.2 21.8 11.4 1.2 -0.3 25.1 1
2 3 4 5 6 7 8 9 10 11 12 13
-0.0 0.6 0.9 0.5 0.7 1.6 0.7 -0.1 -16.6 -9.1 -7.5 21.6
9.6 2.3 1.2 -0.5 0.6 0.5 0.8 0.1 -4.5 -4.6 0.0 19.2
9.3 4.3 1.4 0.6 0.5 1.4 0.8 0.1 -9.7 0.3 -10.0 28.1
4.8 4.1 1.7 0.8 -1.1 1.5 0.8 -0.1 -6.1 2.8 -8.9 18.7
7.0 8.9 1.9 -1.0 0.1 0.5 0.8 0.9 12.1 10.5 1.7 7.0
7.0 11.7 2.1 0.5 0.1 -0.4 1.0 -0.1 -6.7 14.8 -21.5 28.5
3.1 4.0 2.4 1.0 0.3 -0.4 1.2 -0.2 -5.6 3.7 -9.3 17.0
11.9 1.5 2.6 -0.8 -7.4 -7.4 1.4 -0.5 2.5 4.8 -2.3 -1.2
-11.7 -0.5 2.9 0.4 4.7 1.9 1.6 0.4 41.6 7.7 33.9 -41.9
6.8 8.4 3.2 1.0 0.5 3.1 1.8 0.4 48.7 26.1 22.6 -23.6
2 3 4 5 6 7 8 9 10 11 12 13
F.227 Proprietors’ Equity in Noncorporate Business
Billions of dollars
1 2 3 4 Total household investment Nonfarm noncorporate business Farm business Brokers and dealers 24.9 34.3 -8.9 -0.5 -5.2 -13.8 8.3 0.3 -61.8 -67.4 4.5 1.1 -83.8 -90.6 8.2 -1.4 -86.3 -88.7 1.1 1.2 -35.1 -44.4 9.5 -0.2 -19.0 -15.3 -0.4 -3.3 -85.8 -87.0 0.5 0.6 29.6 22.6 11.5 -4.5 53.7 45.4 11.6 -3.3 1 2 3 4
FFA, 1995-2004, March 12, 2009
45
F.228 Total Miscellaneous Financial Claims
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42
Net change in liabilities Household sector Nonfinancial corporate business Nonfarm noncorporate business Federal government Rest of the world Monetary authority Commercial banking Savings institutions Credit unions Property-casualty insurance companies Life insurance companies Government-sponsored enterprises Finance companies REITs Brokers and dealers Funding corporations Net change in assets Household sector Nonfinancial corporate business Nonfarm noncorporate business Farm business State and local governments Federal government Rest of the world Monetary authority Commercial banking Savings institutions Credit unions Property-casualty insurance companies Life insurance companies Private pension funds State and local govt. retirement funds Federal government retirement funds Money market mutual funds Mutual funds Government-sponsored enterprises Finance companies REITs Brokers and dealers Funding corporations Discrepancy
488.7 0.7 130.5 13.5 25.3 140.2 1.4 124.0 -4.2 -1.9 22.8 23.6 6.6 20.6 1.4 12.6 -28.6 717.3 17.6 319.9 36.7 1.0 64.3 -2.1 117.0 -3.2 61.4 1.7 -0.8 3.8 7.2 19.5 0.2 20.8 11.6 0.5 -0.9 5.3 1.0 10.3 24.5 -228.7
531.4 0.8 186.9 29.7 51.8 136.0 -0.0 20.1 -1.8 0.0 12.3 18.9 1.0 3.6 2.5 28.4 41.2 730.4 10.6 308.2 36.6 -0.1 8.4 -6.7 143.2 2.4 25.9 -1.8 -0.2 3.6 -31.4 30.0 0.7 55.1 4.4 -1.7 6.9 4.7 -1.7 68.2 65.2 -199.0
466.7 0.3 -47.5 56.5 40.6 135.9 2.1 171.2 -5.8 0.1 10.7 27.0 10.3 -0.5 8.8 21.6 35.4 847.9 12.7 154.9 56.4 0.4 75.5 -5.4 211.6 1.3 103.5 -3.2 3.8 6.1 -6.7 8.3 0.1 40.3 14.3 7.1 7.6 14.4 4.9 82.8 57.3 -381.2
950.5 -1.4 385.8 92.3 34.1 174.0 0.6 96.3 -4.1 0.5 5.6 -2.5 18.3 -10.5 13.6 44.7 103.1 1077.0 9.2 431.0 122.2 3.4 18.2 -3.5 170.3 4.9 99.1 13.1 6.8 6.9 3.5 -5.9 0.2 41.2 7.6 -4.2 -0.1 -34.2 10.7 115.9 60.7 -126.4
1167.2 2.1 528.8 73.9 38.2 299.7 -0.9 -70.9 -13.2 0.9 13.8 5.6 -9.4 72.1 -1.0 7.5 219.9 1387.1 11.4 666.3 81.7 1.2 -13.6 -0.9 427.4 -1.3 27.6 -2.1 -16.4 7.7 -32.6 -17.1 1.3 41.1 24.9 -3.5 5.0 14.1 -3.5 28.3 140.2 -219.9
1396.2 0.1 673.4 86.0 22.9 180.7 1.0 196.5 10.7 -0.4 5.8 -18.3 -2.8 133.9 1.8 -1.9 106.8 1706.4 6.1 819.1 89.9 0.4 -25.2 -1.4 505.9 1.1 75.4 7.7 4.9 6.4 18.7 -58.1 1.1 20.9 7.5 -0.6 -4.0 34.5 2.7 133.0 60.3 -310.2
657.5 -0.4 31.2 55.3 53.0 157.4 -2.3 -6.5 14.0 -1.8 26.5 44.2 45.8 53.9 0.1 138.5 48.6 868.8 19.0 253.2 129.9 1.2 -17.7 1.3 207.2 -0.4 133.3 16.6 5.4 1.3 -15.5 -56.3 1.8 60.8 -3.3 -2.6 5.5 15.7 0.2 156.6 -44.5 -211.3
468.1 0.9 71.8 18.9 28.7 139.9 1.1 121.9 13.9 1.9 51.8 63.7 28.0 67.8 2.7 -77.6 -67.0 498.9 36.4 191.3 40.7 1.0 -28.5 0.0 142.4 1.4 63.3 19.1 12.1 14.3 6.7 20.0 0.4 24.5 -8.6 0.0 22.0 13.6 2.1 -110.8 35.5 -30.8
438.9 0.9 33.6 23.2 40.3 86.2 0.2 94.7 -37.7 1.7 49.6 19.3 -25.0 127.1 1.5 40.7 -17.3 405.8 55.0 -10.0 50.5 1.3 -12.0 1.4 -81.3 1.3 142.2 -5.2 -4.1 2.3 27.9 -19.1 0.9 24.7 -0.2 1.0 18.5 39.5 4.2 156.6 10.6 33.0
1619.9 1.6 425.5 68.8 59.2 544.3 4.2 291.3 30.9 1.9 43.0 6.7 -13.4 53.2 7.8 73.7 21.1 1580.4 52.4 555.2 234.9 2.0 -5.2 0.6 219.0 1.5 162.4 88.6 -1.8 8.4 51.9 -34.8 4.6 40.9 -2.9 5.1 4.5 -26.1 11.2 148.6 59.6 39.5
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42
46
FFA, 1995-2004, March 12, 2009
F.229 Identified Miscellaneous Financial Claims - Part I
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
U.S. direct investment abroad (1): 1 2 3 4 5 6 7 8 9 10 Liab.: Rest of the world Equity Reinvested earnings Intercompany accounts Asset: Nonfinancial corporate business Commercial banking Property-casualty insurance companies Life insurance companies Finance companies Brokers and dealers Foreign direct investment in U.S. (1): 11 12 13 14 15 16 17 18 19 20 21 22 Liab.: Nonfinancial corporate business Nonfarm noncorporate business Commercial banking Property-casualty insurance companies Life insurance companies Finance companies Brokers and dealers Funding corporations Asset: Rest of the world Equity Reinvested earnings Intercompany accounts Federal government equity in IBRD, etc.: 23 24 Liab.: Rest of the world Asset: Federal government Federal Reserve Bank stock: 25 26 Liab.: Monetary authority Asset: Commercial banking Equity in govt.-sponsored enterprises: 27 28 29 30 31 32 33 34 35 Liab.: Government-sponsored enterprises Asset: Nonfin. corporate business (Fannie Mae) Nonfarm noncorporate (BC) Farm business (FICB and FLB) Federal government Commercial banks (FHLB) Savings institutions (FHLB) Credit unions (FHLB) Life insurance companies (FHLB) BHC investment in subsidiaries: 36 37 38 39 40 Liab.: Commercial banking Savings institutions Finance companies Brokers and dealers Asset: Bank holding companies NFC investment in finance company subs.: 41 42 Liab.: Finance companies Asset: Nonfinancial corporate business Funding corp. investment in subs.: 43 44 45 Liab.: Foreign banking offices in U.S. Brokers and dealers Asset: Funding corporations 6.7 17.8 24.5 13.7 51.5 65.2 14.3 43.0 57.3 11.8 48.9 60.7 2.5 137.7 140.2 45.6 14.7 60.3 -21.9 -22.6 -44.5 18.6 16.9 35.5 7.4 3.2 10.6 33.0 26.5 59.6 43 44 45 5.9 5.9 0.6 0.6 4.9 4.9 17.7 17.7 -17.1 -17.1 65.2 65.2 -17.8 -17.8 6.9 6.9 2.6 2.6 2.6 2.6 41 42 40.1 0.1 3.4 4.7 48.3 28.6 0.2 2.9 -2.9 28.9 40.7 0.3 3.6 21.0 65.7 55.3 0.4 -26.8 70.5 99.4 2.9 0.5 75.6 -58.8 20.2 53.6 0.7 25.3 12.5 92.0 60.7 0.8 35.7 -6.7 90.4 53.1 0.9 16.2 -17.2 53.0 50.5 1.0 20.8 23.9 96.2 167.2 1.2 52.3 22.8 243.5 36 37 38 39 40 2.0 0.0 0.0 -0.1 0.0 1.6 0.4 0.1 -0.0 1.5 0.0 0.7 -0.6 0.0 0.8 0.5 0.0 0.1 1.8 0.0 0.0 0.0 0.0 1.3 0.4 0.0 0.0 4.1 0.0 -0.1 0.1 0.0 2.0 1.8 0.1 0.0 6.1 0.0 0.0 -0.0 0.0 3.0 2.7 0.2 0.1 2.2 0.0 0.0 0.0 0.0 0.8 1.3 0.1 0.0 3.3 0.0 0.1 0.4 0.0 1.4 1.2 0.2 -0.1 2.0 0.0 0.0 0.1 0.0 2.3 -1.0 0.3 0.2 3.2 0.0 0.3 0.4 0.0 1.2 0.4 0.2 0.7 2.5 0.0 -0.1 0.2 0.0 0.6 1.0 0.2 0.6 27 28 29 30 31 32 33 34 35 0.3 0.3 0.6 0.6 0.8 0.8 0.5 0.5 0.5 0.5 0.6 0.6 0.4 0.4 1.0 1.0 0.5 0.5 3.1 3.1 25 26 1.5 1.5 1.8 1.8 1.6 1.6 1.6 1.6 1.5 1.5 1.5 1.5 1.7 1.7 1.5 1.5 1.4 1.4 2.0 2.0 23 24 53.4 -0.1 6.6 2.0 1.8 2.8 1.5 -10.2 57.8 47.9 8.4 1.5 70.2 0.3 -0.1 5.7 1.0 5.1 1.3 2.9 86.5 63.7 8.5 14.3 99.2 0.5 7.7 5.9 7.0 6.6 0.3 -21.6 105.6 59.5 15.0 31.1 143.5 0.2 5.5 1.3 2.7 2.6 1.7 21.6 179.0 147.1 2.8 29.1 179.0 0.2 19.4 11.3 11.7 13.2 3.6 51.0 289.4 221.6 4.1 63.8 192.4 0.1 9.7 6.6 27.9 14.9 5.1 64.6 321.3 259.6 -0.3 61.9 84.5 0.1 8.4 0.4 8.1 7.8 -1.3 59.0 167.0 140.9 -33.8 60.0 27.5 0.1 2.1 7.7 3.7 -3.5 1.7 45.0 84.4 105.3 1.6 -22.6 23.9 -0.2 4.2 3.0 -5.2 21.7 4.8 11.6 63.8 93.4 14.3 -44.0 28.6 0.1 17.9 -4.8 20.8 16.1 6.0 61.4 146.0 92.9 49.5 3.5 11 12 13 14 15 16 17 18 19 20 21 22 98.8 40.5 53.9 4.4 90.3 1.6 3.8 0.4 2.5 0.1 91.9 27.5 54.7 9.7 76.8 3.5 3.6 0.8 7.3 -0.1 104.8 40.8 58.0 6.0 84.3 3.0 6.1 1.8 9.0 0.7 142.6 72.4 44.2 26.0 129.2 2.0 6.9 0.7 0.5 3.4 224.9 98.9 64.2 61.8 194.4 4.5 7.7 2.4 11.8 4.1 159.2 78.0 93.6 -12.4 128.4 10.9 6.4 2.2 10.6 0.7 142.3 60.9 69.8 11.6 119.4 0.9 1.3 2.9 17.3 0.6 154.5 42.7 85.3 26.5 129.7 2.9 14.3 2.0 5.8 -0.3 149.6 35.5 120.7 -6.6 122.6 6.4 2.3 3.1 13.0 2.1 316.2 133.3 162.9 20.0 270.2 7.1 8.4 4.8 24.4 1.3 1 2 3 4 5 6 7 8 9 10
(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.
FFA, 1995-2004, March 12, 2009
47
F.230 Identified Miscellaneous Financial Claims - Part II
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
Nonofficial foreign currencies: 1 2 3 Liab.: Rest of the world Asset: Federal government Monetary authority (1) Postal Savings System deposits: 4 5 Liab.: Federal government Asset: Household sector Deposits at Federal Home Loan Banks: 6 7 Liab.: Government-sponsored enterprises Asset: Savings institutions Deferred and unpaid life insurance premiums: 8 9 Liab.: Household sector Asset: Life insurance companies Life insurance company reserves: 10 11 12 13 14 Liab.: Life insurance companies Health Policy dividend accumulation Policy and contract claims Asset: Household sector Policy payables: 15 16 17 18 19 Liab.: Property-casualty insurance companies Asset: Household sector Nonfinancial corporate business Nonfarm noncorporate business Farm business Unallocated insurance company contracts: 20 21 Liab.: Life insurance companies Asset: Private pension funds Pension fund contributions payable: 22 23 Liab.: Nonfinancial corporate business Asset: Private pension funds Securities borrowed (net): 24 25 Liab.: Funding corporations Asset: Brokers and dealers Nonmarketable government securities: 26 27 Liab.: Federal government Asset: Federal government retirement funds Retiree Health Care Funds (2): 28 29 Liab.: Federal government Asset: Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4.6 4.6 18.2 18.2 17.3 17.3 28 29 20.8 20.8 55.1 55.1 40.3 40.3 41.2 41.2 41.1 41.1 20.9 20.9 60.8 60.8 24.5 24.5 24.7 24.7 40.9 40.9 26 27 -5.5 -5.5 59.9 59.9 57.2 57.2 70.0 70.0 16.3 16.3 88.7 88.7 70.1 70.1 -2.9 -2.9 102.6 102.6 86.9 86.9 24 25 5.4 5.4 5.4 5.4 8.4 8.4 12.9 12.9 -18.4 -18.4 -19.1 -19.1 -24.6 -24.6 1.5 1.5 -0.2 -0.2 -3.1 -3.1 22 23 7.8 7.8 4.8 4.8 -9.9 -9.9 -23.6 -23.6 -18.5 -18.5 -35.7 -35.7 11.8 11.8 12.2 12.2 -18.1 -18.1 -35.2 -35.2 20 21 20.8 9.6 8.2 2.0 1.1 6.6 2.8 2.6 0.6 0.6 4.8 2.0 1.9 0.5 0.4 4.3 -1.0 1.7 0.4 3.2 2.5 0.1 1.0 0.2 1.2 -0.8 -0.7 -0.3 -0.1 0.3 26.1 12.5 10.3 2.5 0.8 44.1 21.6 17.4 4.2 0.9 46.6 22.9 18.4 4.4 0.9 47.9 23.6 18.9 3.5 1.8 15 16 17 18 19 8.0 5.2 0.8 2.0 8.0 7.8 6.2 0.8 0.8 7.8 10.7 6.3 2.0 2.4 10.7 10.3 7.3 0.7 2.4 10.3 11.4 10.2 1.2 -0.0 11.4 6.9 3.9 1.1 1.9 6.9 6.5 3.1 1.0 2.4 6.5 10.2 10.1 0.1 0.0 10.2 13.9 10.9 -0.0 3.0 13.9 11.4 9.8 1.2 0.5 11.4 10 11 12 13 14 0.7 0.7 0.8 0.8 0.3 0.3 -1.4 -1.4 2.1 2.1 0.1 0.1 -0.4 -0.4 0.9 0.9 0.9 0.9 1.6 1.6 8 9 3.3 3.3 -1.2 -1.2 0.0 0.0 6.8 6.8 -7.8 -7.8 0.0 0.0 8.6 8.6 1.9 1.9 -7.1 -7.1 -2.1 -2.1 6 7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4 5 0.3 0.3 0.0 -0.1 -0.1 0.0 -0.0 -0.0 0.0 -0.1 -0.1 0.0 0.6 0.6 0.0 0.0 0.0 0.0 -0.1 -0.1 0.0 0.1 0.1 0.0 0.2 0.2 0.0 -0.0 -0.0 0.0 1 2 3
(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.
48
FFA, 1995-2004, March 12, 2009
F.231 Unidentified Miscellaneous Financial Claims
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43
Net change in liabilities Nonfinancial corporate business Nonfarm noncorporate business Federal government Rest of the world Monetary authority Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies Banks in U.S.-affiliated areas Savings institutions Credit unions Life insurance companies Government-sponsored enterprises Finance companies REITs Brokers and dealers Funding corporations Net change in assets Nonfinancial corporate business Nonfarm noncorporate business State and local governments Federal government Rest of the world Monetary authority Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies Banks in U.S.-affiliated areas Savings institutions Credit unions Life insurance companies Private pension funds State and local govt. retirement funds Money market mutual funds Mutual funds Government-sponsored enterprises Finance companies REITs Brokers and dealers Discrepancy
188.0 71.7 13.6 4.5 39.7 1.1 70.6 3.5 37.6 26.6 2.9 -4.2 -1.9 5.9 1.4 8.6 1.4 -11.5 -12.9 416.7 215.5 34.7 64.3 -3.8 59.2 -3.2 9.6 -1.6 5.0 4.6 1.6 -2.0 -0.9 6.1 6.3 0.2 11.6 0.5 -0.9 2.9 1.0 15.7 -228.7
115.4 111.3 29.4 -3.3 42.4 -0.7 -22.1 -13.0 -26.9 17.3 0.6 -2.0 0.0 5.3 0.8 -5.0 2.5 -21.6 -21.7 314.5 228.2 35.2 8.4 -8.4 56.7 2.4 -7.9 1.3 -21.2 11.3 0.8 -1.1 -0.2 -33.1 19.8 0.7 4.4 -1.7 6.9 -2.7 -1.7 8.4 -199.0
12.4 -155.0 56.0 0.3 29.6 1.3 108.4 30.5 34.2 39.0 4.7 -6.1 0.1 19.2 8.5 -15.7 8.8 -42.7 -0.3 393.6 63.8 55.9 75.5 -7.0 106.0 1.3 32.7 0.5 37.0 -6.7 1.8 -3.6 3.8 -8.8 9.8 0.1 14.3 7.1 7.6 5.5 4.9 24.9 -381.2
324.5 229.4 92.1 -7.1 29.9 0.1 23.8 -27.0 -11.4 56.0 6.3 -4.5 0.5 8.0 7.4 -3.9 13.6 -76.4 11.5 451.0 282.4 121.9 18.2 -5.0 -8.7 4.9 -4.9 -20.3 0.3 12.1 3.1 4.4 6.7 4.1 4.8 0.2 7.6 -4.2 -0.1 -34.7 10.7 42.6 -126.4
472.2 368.2 73.7 -2.9 72.7 -1.4 -95.6 -20.1 -66.9 -10.8 2.2 -13.7 0.9 1.0 -7.7 0.4 -1.0 -75.0 152.6 692.1 488.0 81.4 -13.6 -3.0 137.9 -1.3 -0.6 1.3 -29.7 28.9 -1.0 3.0 -16.6 -37.3 19.8 1.3 24.9 -3.5 5.0 2.3 -3.5 7.9 -219.9
632.9 500.2 85.9 2.0 19.9 0.4 87.6 71.3 -27.5 43.1 0.7 10.0 -0.4 -17.5 -5.0 28.6 1.8 -34.2 -46.4 943.1 625.9 90.0 -25.2 -2.9 184.6 1.1 -28.8 -19.9 -27.7 20.9 -2.1 6.4 4.8 16.4 -3.4 1.1 7.5 -0.6 -4.0 23.9 2.7 43.7 -310.2
155.7 -28.7 55.2 -7.8 13.4 -2.7 -53.7 -101.2 -9.7 52.9 4.2 13.3 -1.8 17.7 34.0 28.2 0.1 169.2 -80.5 367.0 141.2 127.3 -17.7 -0.3 40.2 -0.4 40.2 17.7 10.7 5.9 5.9 6.8 5.2 -17.9 -43.5 1.8 -3.3 -2.6 5.5 -1.5 0.2 85.8 -211.3
32.2 42.7 18.7 -0.4 -16.2 0.1 48.1 13.1 24.1 11.5 -0.7 13.0 1.9 37.6 24.0 48.3 2.7 -79.0 -109.2 63.0 37.3 36.5 -28.5 -1.6 58.1 1.4 4.0 -14.2 -3.1 27.3 -6.0 18.1 11.8 3.6 6.2 0.4 -8.6 0.0 22.0 7.8 2.1 -107.6 -30.8
-70.6 9.8 23.4 -2.6 -65.0 -0.3 32.6 51.5 -44.9 22.6 3.4 -38.7 1.7 28.6 -21.1 82.1 1.5 8.8 -131.5 -103.6 -153.6 45.8 -12.0 -0.2 -145.0 1.3 37.9 40.4 -22.8 22.4 -2.2 1.5 -4.3 23.3 -0.8 0.9 -0.2 1.0 18.5 26.4 4.2 51.9 33.0
679.0 400.0 68.8 1.0 226.2 1.2 73.1 84.4 -170.1 148.0 10.8 29.7 1.9 9.7 -13.8 -17.7 7.8 18.4 -127.2 639.6 263.4 231.4 -5.2 -1.4 73.1 1.5 -91.8 -0.7 -124.5 32.4 0.9 89.7 -2.1 45.0 3.5 4.6 -2.9 5.1 4.5 -50.5 11.2 60.5 39.5
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43
FFA, 1995-2004, March 12, 2009
49
F.11 Sector Discrepancies
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19
All sectors Household sector Nonfinancial corporate business State and local governments Federal government Rest of the world Financial sectors Monetary authority Commercial banking Savings institutions Credit unions Property-casualty insurance companies Life insurance companies Mutual funds Government-sponsored enterprises Issuers of asset-backed securities Finance companies REITs Brokers and dealers
-292.4 -95.3 -54.7 -66.9 -4.7 10.0 -80.7 -2.4 -16.7 -5.8 0.7 -14.3 -36.6 8.7 -1.8 0.0 -3.3 6.6 -15.8
-254.6 -125.5 -34.9 -53.4 39.2 -32.7 -47.2 0.3 -3.2 -3.1 1.5 -6.8 -39.3 4.9 0.4 0.0 2.5 6.4 -10.7
-321.4 -86.2 -20.8 -46.7 10.1 -106.7 -71.1 1.1 33.4 -5.2 -0.1 -40.6 -41.8 6.2 -2.1 0.0 -16.8 9.4 -14.4
-99.3 -27.2 -50.4 -84.2 33.5 121.9 -92.9 -3.8 -7.6 -4.8 -0.0 -16.4 -29.5 -9.1 -3.5 0.0 -14.9 11.7 -15.0
-141.7 92.7 -115.2 -59.8 -6.0 45.5 -98.9 -2.1 -78.5 2.8 1.1 15.2 -27.0 4.1 -1.7 0.0 -16.0 16.3 -12.9
65.2 353.5 -182.4 -64.3 -6.8 -79.3 44.4 3.4 112.0 -3.5 -0.4 -14.8 -20.2 -1.5 -3.4 0.0 18.6 -2.9 -43.0
-165.5 -20.1 -130.0 -47.4 38.8 -27.5 20.8 -0.6 38.6 -2.1 0.4 0.2 -10.8 -8.4 9.8 0.0 4.4 5.2 -16.0
205.4 185.8 28.9 -30.3 15.0 -39.4 45.4 -2.8 67.5 -6.7 0.6 -27.1 -25.4 -21.6 10.2 0.0 32.2 5.3 13.2
-49.1 -57.7 12.1 -43.9 61.4 -13.9 -7.1 -3.4 19.1 -2.8 1.8 -6.1 -38.4 2.5 -14.8 0.0 52.2 -1.7 -15.6
-17.0 -201.0 -71.3 -58.7 19.2 96.5 198.3 -2.3 224.0 -14.9 1.9 -16.7 -35.7 3.2 -14.4 0.0 47.1 -0.7 6.9
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19
F.12 Instrument Discrepancies
Billions of dollars
1 2 3 4 5 All types Treasury currency Foreign deposits Net interbank transactions Security RPs Mail floats: Federal government Other Trade credit Taxes payable Miscellaneous Nonfinancial Nonfinancial components (sign reversed): Statistical discrepancy (NIPA) Private wage accruals less disbursements -292.4 -0.3 25.0 -3.0 16.8 -254.6 -0.4 59.4 -3.4 -1.3 -321.4 -0.1 106.2 -19.8 42.9 -99.3 -0.2 -5.7 3.8 14.4 -141.7 -0.7 34.0 3.2 -2.4 65.2 -1.2 76.4 17.3 103.5 -165.5 -0.1 -12.9 17.2 -31.6 205.4 -0.6 21.5 7.2 25.7 -49.1 -0.3 52.8 -4.3 -39.0 -17.0 -0.3 61.9 14.9 -143.5 1 2 3 4 5
6 7 8 9 10 11
-6.0 -3.8 3.6 21.6 -228.7 -117.6
0.5 -4.0 -28.1 19.2 -199.0 -97.3
-2.7 -3.9 -23.1 28.1 -381.2 -67.7
2.6 -3.1 -18.6 18.7 -126.4 15.4
-7.4 -0.8 14.7 7.0 -219.9 30.6
9.0 -0.3 15.0 28.5 -310.2 127.2
-40.0 -0.5 7.2 17.0 -211.3 89.6
-1.6 -0.7 164.9 -1.2 -30.8 21.0
-8.9 -0.0 23.1 -41.9 33.0 -63.8
27.9 -0.8 11.2 -23.6 39.5 -4.2
6 7 8 9 10 11
12 13
101.2 16.4
93.7 3.6
70.7 -2.9
-14.6 -0.7
-35.7 5.2
-127.2 0.0
-89.6 0.0
-21.0 0.0
48.8 15.0
19.2 -15.0
12 13
50
FFA, 1995-2004, March 12, 2009
L.1 Credit Market Debt Outstanding (1)
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57
Total credit market debt owed by: Domestic nonfinancial sectors Household sector Nonfinancial corporate business Nonfarm noncorporate business Farm business State and local governments Federal government Rest of the world Financial sectors Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies Savings institutions Credit unions Life insurance companies Government-sponsored enterprises Agency- and GSE-backed mortgage pools ABS issuers Finance companies REITs Brokers and dealers Funding corporations Total credit market assets held by: Domestic nonfinancial sectors Household sector Nonfinancial corporate business Nonfarm noncorporate business State and local governments Federal government Rest of the world Financial sectors Monetary authority Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies Banks in U.S.-affiliated areas Savings institutions Credit unions Property-casualty insurance companies Life insurance companies Private pension funds State and local govt. retirement funds Federal government retirement funds Money market mutual funds Mutual funds Closed-end funds Exchange-traded funds Government-sponsored enterprises Agency- and GSE-backed mortgage pools ABS issuers Finance companies REITs Brokers and dealers Funding corporations
18475.2 13674.1 4856.7 2940.4 1062.1 131.4 1046.7 3636.7 567.6 4233.5 250.6 92.2 10.4 148.0 115.0 0.4 0.5 807.0 1570.7 666.4 500.4 44.6 29.3 248.6 18475.2 3405.9 2241.7 280.4 47.6 638.6 197.6 1464.8 13604.6 380.8 3520.1 3056.1 412.6 18.0 33.4 913.3 263.0 468.7 1587.5 608.4 509.8 23.3 545.5 771.3 94.5 0.0 762.8 1570.7 612.0 654.6 26.0 183.4 108.9
19812.6 14407.9 5193.1 3140.3 1131.1 135.5 1026.2 3781.7 657.2 4747.5 263.6 103.9 9.6 150.0 140.5 0.4 1.6 897.4 1711.7 781.0 555.1 56.5 27.3 312.4 19812.6 3552.5 2424.2 270.2 51.6 604.8 201.6 1795.6 14464.5 393.1 3707.7 3175.8 475.8 22.0 34.1 933.2 288.5 491.2 1657.0 602.3 538.4 25.6 634.3 820.2 97.4 0.0 833.8 1711.7 712.2 697.1 30.4 167.7 122.7
21245.0 15219.9 5494.3 3472.4 1228.8 142.8 1076.9 3804.8 723.6 5301.4 309.2 133.4 7.2 168.6 160.3 0.6 1.8 996.5 1826.3 918.3 584.4 96.1 35.3 372.6 21245.0 3537.7 2402.5 263.0 54.2 605.0 213.1 2035.6 15671.7 431.4 4031.9 3450.7 516.1 27.4 37.8 928.5 305.3 515.3 1751.1 646.8 598.3 27.5 721.9 901.1 96.3 0.0 934.2 1826.3 826.5 720.8 50.6 182.6 175.5
23338.3 16226.9 5920.3 3855.6 1404.2 150.9 1143.8 3752.2 783.2 6328.2 382.1 186.2 2.4 193.5 212.4 1.1 2.5 1275.4 2019.0 1176.4 645.3 158.8 42.5 412.6 23338.3 3702.2 2455.6 246.0 67.1 714.6 218.8 2202.0 17434.1 452.5 4336.1 3761.4 504.5 26.5 43.8 965.5 324.2 521.1 1828.0 639.7 661.5 30.2 970.5 1028.4 101.2 0.0 1251.5 2019.0 1078.8 812.8 45.5 189.4 178.5
25406.3 17308.2 6416.1 4276.5 1599.4 154.2 1181.0 3681.0 748.2 7349.9 449.3 228.0 2.0 219.3 260.4 3.4 3.2 1594.2 2293.5 1330.1 720.9 165.4 25.3 504.2 25406.3 3949.4 2590.8 221.8 64.0 816.5 256.3 2196.1 19260.7 478.1 4648.3 4080.0 487.4 32.7 48.3 1032.6 351.7 518.2 1886.0 746.9 707.0 33.1 1155.3 1076.8 110.8 0.0 1538.8 2293.5 1253.2 946.6 44.6 154.7 284.5
27156.8 18184.0 7010.7 4638.4 1795.8 156.1 1197.9 3385.1 814.5 8158.2 509.3 264.8 2.0 242.5 301.3 3.4 2.5 1826.4 2493.2 1503.6 807.1 168.0 40.9 502.6 27156.8 3947.2 2481.2 248.3 66.0 887.3 264.3 2451.1 20758.5 511.8 5019.8 4433.0 511.3 20.5 55.0 1088.8 379.7 509.4 1943.9 621.9 743.2 35.1 1317.5 1103.1 105.3 0.0 1794.4 2493.2 1413.7 1101.9 39.3 223.6 312.7
29343.8 19319.8 7682.9 4834.2 1957.3 162.6 1303.4 3379.5 865.4 9158.6 562.1 294.9 1.1 266.1 301.2 4.9 3.1 2130.6 2831.8 1761.5 818.0 171.2 42.3 531.9 29343.8 3959.0 2392.9 243.6 73.1 981.2 268.2 2850.2 22534.7 551.7 5226.0 4625.6 510.7 24.7 65.0 1133.5 421.2 518.4 2074.8 585.8 689.4 44.8 1584.9 1229.7 108.5 0.0 2099.1 2831.8 1665.5 1170.7 48.0 316.0 234.8
31842.8 20732.1 8513.7 4857.1 2107.1 169.7 1447.5 3637.0 1072.8 10037.8 611.8 324.8 0.7 286.4 278.1 6.9 5.1 2350.4 3158.6 1982.6 884.2 198.1 40.6 521.2 31842.8 4237.4 2552.0 269.4 72.4 1067.4 276.2 3303.0 24302.3 629.4 5630.8 5019.8 516.9 27.8 66.3 1166.9 465.4 558.3 2307.8 577.3 638.7 57.6 1567.1 1368.4 117.1 3.7 2323.2 3158.6 1893.4 1292.5 70.2 344.4 131.6
34622.5 22441.9 9500.1 4974.4 2198.7 168.0 1567.6 4033.1 1252.7 10927.9 660.4 338.0 0.6 321.8 313.4 9.1 8.0 2601.3 3326.7 2217.2 995.3 230.3 47.0 519.3 34622.5 4523.2 2783.9 266.2 73.9 1125.6 273.6 3836.1 26263.1 666.7 6010.9 5407.3 490.3 36.4 76.9 1294.2 516.6 625.2 2488.3 646.5 657.5 63.6 1471.3 1506.4 152.6 4.5 2564.2 3326.7 2119.5 1468.7 96.4 424.1 159.3
37808.4 24450.2 10576.0 5178.4 2443.8 174.1 1683.0 4395.0 1437.7 11920.5 738.7 356.7 0.7 381.3 404.8 11.4 11.1 2676.3 3374.6 2654.6 1129.6 340.2 62.2 517.1 37808.4 4959.1 3102.4 297.4 85.4 1198.1 275.9 4634.7 28214.6 717.8 6621.2 5980.7 513.3 36.4 90.8 1417.7 556.4 698.8 2661.4 646.1 675.3 68.2 1346.3 1623.0 163.6 8.2 2613.0 3374.6 2547.4 1675.9 198.6 394.9 205.9
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57
(1) Excludes corporate equities and mutual fund shares.
FFA, 1995-2004, March 12, 2009
51
L.2 Credit Market Debt Owed by Nonfinancial Sectors
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23
Domestic By instrument Commercial paper Treasury securities Agency- and GSE-backed securities Municipal securities Corporate bonds Bank loans n.e.c. Other loans and advances Mortgages Home Multifamily residential Commercial Farm Consumer credit By sector Household sector Nonfinancial business Corporate Nonfarm noncorporate Farm State and local governments Federal government Foreign credit market debt held in U.S. Commercial paper Bonds Bank loans n.e.c. Other loans and advances Domestic and foreign
13674.1 13674.1 157.4 3608.5 28.2 1268.2 1357.2 863.6 699.9 4523.0 3460.9 267.6 722.8 71.7 1168.2 13674.1 4856.7 4133.9 2940.4 1062.1 131.4 1046.7 3636.7
14407.9 14407.9 156.4 3755.1 26.6 1261.6 1485.2 934.0 730.3 4784.7 3684.5 277.3 748.5 74.4 1273.9 14407.9 5193.1 4406.9 3140.3 1131.1 135.5 1026.2 3781.7
15219.9 15219.9 168.6 3778.3 26.5 1318.5 1666.3 1040.4 793.6 5083.6 3919.3 284.3 801.4 78.5 1344.2 15219.9 5494.3 4843.9 3472.4 1228.8 142.8 1076.9 3804.8
16226.9 16226.9 193.0 3723.7 28.5 1402.7 1881.2 1148.0 862.8 5545.7 4275.9 309.7 877.0 83.1 1441.3 16226.9 5920.3 5410.7 3855.6 1404.2 150.9 1143.8 3752.2
17308.2 17308.2 230.3 3652.7 28.3 1457.1 2107.1 1231.1 898.6 6149.4 4701.9 360.2 1000.1 87.2 1553.6 17308.2 6416.1 6030.1 4276.5 1599.4 154.2 1181.0 3681.0
18184.0 18184.0 278.4 3357.8 27.3 1480.7 2271.1 1326.2 995.2 6706.1 5129.1 387.1 1105.1 84.7 1741.3 18184.0 7010.7 6590.4 4638.4 1795.8 156.1 1197.9 3385.1
19319.8 19319.8 177.7 3352.7 26.8 1603.5 2614.5 1239.5 1000.8 7412.3 5680.9 427.4 1215.5 88.5 1892.0 19319.8 7682.9 6954.0 4834.2 1957.3 162.6 1303.4 3379.5
20732.1 20732.1 119.8 3609.8 27.3 1762.9 2747.9 1133.0 1028.4 8303.2 6437.5 464.3 1306.0 95.4 1999.9 20732.1 8513.7 7133.9 4857.1 2107.1 169.7 1447.5 3637.0
22441.9 22441.9 82.5 4008.2 24.9 1900.5 2900.1 1088.4 1038.6 9294.5 7231.5 543.5 1425.4 94.1 2104.4 22441.9 9500.1 7341.1 4974.4 2198.7 168.0 1567.6 4033.1
24450.2 24450.2 97.8 4370.7 24.3 2031.0 2975.5 1099.2 1096.7 10535.7 8271.5 591.9 1575.4 96.9 2219.4 24450.2 10576.0 7796.3 5178.4 2443.8 174.1 1683.0 4395.0
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23
24 25 26 27 28 29
567.6 56.2 413.3 34.6 63.6 14241.7
657.2 67.5 481.4 43.7 64.7 15065.1
723.6 65.1 543.4 52.1 63.0 15943.6
783.2 72.9 594.4 58.7 57.2 17010.1
748.2 89.2 548.2 59.2 51.6 18056.4
814.5 120.9 572.7 70.5 50.4 18998.5
865.4 198.5 557.1 63.2 46.6 20185.2
1072.8 257.2 702.7 68.6 44.3 21804.9
1252.7 275.5 868.9 66.1 42.2 23694.6
1437.7 344.2 985.0 69.9 38.6 25887.9
24 25 26 27 28 29
L.3 Credit Market Debt Owed by Financial Sectors
Billions of dollars
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 By instrument Open market paper GSE issues Agency- and GSE-backed mortgage pool sec. Corporate bonds Bank loans n.e.c. Other loans and advances Mortgages By sector Commercial banks Bank holding companies Savings institutions Credit unions Life insurance companies Government-sponsored enterprises Agency- and GSE-backed mortgage pools ABS issuers Finance companies REITs Brokers and dealers Funding corporations 4233.5 486.9 807.0 1570.7 1158.5 51.4 135.0 24.1 4233.5 102.6 148.0 115.0 0.4 0.5 807.0 1570.7 666.4 500.4 44.6 29.3 248.6 4747.5 579.1 897.4 1711.7 1300.4 64.0 162.9 31.9 4747.5 113.6 150.0 140.5 0.4 1.6 897.4 1711.7 781.0 555.1 56.5 27.3 312.4 5301.4 745.7 996.5 1826.3 1410.3 77.3 198.5 46.8 5301.4 140.6 168.6 160.3 0.6 1.8 996.5 1826.3 918.3 584.4 96.1 35.3 372.6 6328.2 906.7 1275.4 2019.0 1657.1 109.6 288.7 71.6 6328.2 188.6 193.5 212.4 1.1 2.5 1275.4 2019.0 1176.4 645.3 158.8 42.5 412.6 7349.9 1082.9 1594.2 2293.5 1808.9 96.0 395.8 78.5 7349.9 230.0 219.3 260.4 3.4 3.2 1594.2 2293.5 1330.1 720.9 165.4 25.3 504.2 8158.2 1214.7 1826.4 2493.2 1985.9 116.4 438.3 83.4 8158.2 266.7 242.5 301.3 3.4 2.5 1826.4 2493.2 1503.6 807.1 168.0 40.9 502.6 9158.6 1097.8 2130.6 2831.8 2412.1 137.1 463.7 85.6 9158.6 296.0 266.1 301.2 4.9 3.1 2130.6 2831.8 1761.5 818.0 171.2 42.3 531.9 10037.8 997.9 2350.4 3158.6 2805.5 158.5 470.5 96.5 10037.8 325.5 286.4 278.1 6.9 5.1 2350.4 3158.6 1982.6 884.2 198.1 40.6 521.2 10927.9 935.0 2601.3 3326.7 3277.9 180.6 501.7 104.7 10927.9 338.6 321.8 313.4 9.1 8.0 2601.3 3326.7 2217.2 995.3 230.3 47.0 519.3 11920.5 957.1 2676.3 3374.6 3965.1 241.0 575.8 130.6 11920.5 357.4 381.3 404.8 11.4 11.1 2676.3 3374.6 2654.6 1129.6 340.2 62.2 517.1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21
52
FFA, 1995-2004, March 12, 2009
L.4 Credit Market Debt, All Sectors, by Instrument
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10
Total Open market paper Treasury securities Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds Bank loans n.e.c. Other loans and advances Mortgages Consumer credit Memo: Selected claims not included above: Corporate equities Mutual fund shares
18475.2 700.4 3608.5 2406.0 1268.2 2929.0 949.6 898.4 4547.0 1168.2
19812.6 803.0 3755.1 2635.8 1261.6 3267.0 1041.7 958.0 4816.6 1273.9
21245.0 979.4 3778.3 2849.3 1318.5 3620.0 1169.8 1055.1 5130.4 1344.2
23338.3 1172.6 3723.7 3322.9 1402.7 4132.8 1316.4 1208.7 5617.3 1441.3
25406.3 1402.4 3652.7 3916.0 1457.1 4464.2 1386.2 1346.1 6227.9 1553.6
27156.8 1614.0 3357.8 4347.0 1480.7 4829.7 1513.1 1483.8 6789.4 1741.3
29343.8 1474.0 3352.7 4989.1 1603.5 5583.7 1439.8 1511.1 7497.9 1892.0
31842.8 1374.9 3609.8 5536.3 1762.9 6256.1 1360.0 1543.1 8399.7 1999.9
34622.5 1292.9 4008.2 5952.9 1900.5 7047.0 1335.1 1582.5 9399.2 2104.4
37808.4 1399.1 4370.7 6075.2 2031.0 7925.6 1410.1 1711.1 10666.3 2219.4
1 2 3 4 5 6 7 8 9 10
11 12
8481.3 1852.8
9748.1 2342.4
12621.9 2989.4
15354.1 3613.1
19401.0 4538.5
17575.0 4433.1
15628.6 4135.4
12438.3 3638.4
16638.7 4654.2
18947.2 5436.3
11 12
L.5 Total Liabilities and Its Relation to Total Financial Assets
Billions of dollars
Total credit market debt (from table L.4) Official foreign exchange SDR certificates Treasury currency Foreign deposits Net interbank liabilities Checkable deposits and currency Small time and savings deposits Large time deposits Money market fund shares Security RPs Mutual fund shares Security credit Life insurance reserves Pension fund reserves Trade payables Taxes payable Miscellaneous Total liabilities + Financial assets not included in liabilities: Gold and SDRs Corporate equities Household equity in noncorp. bus. - Liabilities not identified as assets: Treasury currency Foreign deposits Net interbank transactions Security RPs Taxes payable Miscellaneous - Floats not included in assets: Checkable deposits: Federal govt. Other Trade credit Totals identified to sectors as assets
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19
18475.2 63.7 10.2 18.3 418.8 290.8 1211.4 2298.4 476.9 741.3 626.0 1852.8 305.7 566.2 5715.3 1443.2 99.3 6337.0 39097.6
19812.6 53.7 9.7 18.9 521.7 240.8 1200.4 2422.3 590.9 886.7 664.0 2342.4 358.1 610.6 6377.5 1553.9 113.9 6746.3 42181.9
21245.0 48.9 9.2 19.3 618.5 219.4 1209.2 2551.8 713.4 1042.5 765.0 2989.4 469.1 665.0 7354.8 1681.5 116.8 7271.9 46001.3
23338.3 60.1 9.2 19.9 627.6 189.5 1220.3 2741.1 805.3 1327.9 809.3 3613.1 572.2 718.3 8264.5 1786.1 129.4 8224.3 50843.2
25406.3 50.1 6.2 20.9 676.5 205.5 1332.3 2824.9 936.4 1579.6 937.3 4538.5 676.6 783.9 9265.2 2047.4 148.6 9448.4 56345.9
27156.8 46.1 2.2 23.2 803.3 221.3 1218.8 3055.9 1052.6 1812.1 1011.7 4433.1 822.7 819.1 9166.0 2440.6 170.4 10590.3 60413.0
29343.8 46.8 2.2 24.5 810.1 191.4 1360.8 3370.5 1121.0 2240.6 1022.0 4135.4 825.9 880.0 8766.4 2356.3 181.8 11095.3 63639.4
31842.8 55.8 2.2 25.5 831.1 206.0 1353.0 3695.9 1171.0 2223.9 1118.3 3638.4 738.8 920.9 8198.0 2443.0 183.0 11653.8 66662.9
34622.5 62.3 2.2 26.0 867.1 193.0 1437.4 4003.3 1226.8 2016.4 1331.9 4654.2 858.8 1013.2 9722.4 2465.4 182.7 12226.8 72258.0
37808.4 62.2 2.2 26.7 957.0 212.2 1522.8 4284.9 1505.1 1879.8 1416.5 5436.3 1038.2 1060.4 10632.6 2659.8 207.8 13753.2 79029.7
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19
20 21 22
22.1 8481.3 3486.6
21.4 9748.1 3702.2
21.1 12621.9 3907.7
21.6 15354.1 4121.4
21.4 19401.0 4320.5
21.6 17575.0 4695.3
21.8 15628.6 4822.9
23.2 12438.3 5041.7
23.7 16638.7 5544.4
24.6 18947.2 6369.3
20 21 22
23 24 25 26 27 28
-5.7 358.4 -8.9 73.0 63.4 -921.3
-6.1 434.9 -10.6 71.7 9.7 -1272.6
-6.2 535.0 -32.1 114.6 19.6 -1634.7
-6.4 529.2 -26.5 129.0 33.1 -2123.7
-7.1 563.3 -25.3 126.6 37.3 -2501.3
-8.5 643.8 -4.3 243.5 45.8 -3494.1
-8.6 630.9 11.1 178.8 46.3 -3713.5
-9.1 652.5 15.5 204.5 37.8 -3624.2
-9.5 705.3 12.7 165.5 23.0 -3331.3
-9.7 767.2 27.3 17.5 28.1 -3539.8
23 24 25 26 27 28
29 30 31 32
3.1 34.2 -140.0 53484.2
-1.6 30.1 -168.1 58908.6
-8.1 26.2 -191.2 66718.3
-3.9 23.1 -209.8 75609.2
-9.8 22.3 -191.0 86612.4
-2.3 22.0 -176.0 89868.0
-12.3 21.6 -162.1 91255.9
-11.7 20.9 2.8 90515.7
-17.9 20.8 25.9 101524.5
11.2 20.0 37.1 112448.1
29 30 31 32
FFA, 1995-2004, March 12, 2009
53
L.10 Assets and Liabilities of the Personal Sector (1)
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26
Total financial assets Foreign deposits Checkable deposits and currency Time and savings deposits Money market fund shares Securities Open market paper U.S. savings bonds Other Treasury securities Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds Corporate equities (2) Mutual fund shares Private life insurance reserves Private insured pension reserves Private noninsured pension reserves Govt. insurance and pension reserves Miscellaneous and other assets Total liabilities Mortgage debt on nonfarm homes Other mortgage debt (3) Consumer credit Policy loans Security credit Other liabilities (3)
18626.1 23.4 683.3 2371.1 489.5 7841.3 71.7 185.0 672.3 223.0 535.6 466.5 4434.2 1253.0 536.3 890.6 2939.4 1915.1 936.1 6593.4 3453.7 849.4 1168.2 96.9 78.6 946.7
20386.4 35.5 635.3 2516.8 547.2 8623.3 75.8 187.0 735.7 340.8 495.6 514.6 4712.2 1561.5 580.1 974.0 3268.5 2165.5 1040.2 7092.5 3676.2 877.9 1273.9 101.4 94.4 1068.7
23581.3 37.2 611.3 2664.2 625.2 10432.1 77.1 186.5 648.9 398.9 500.8 526.9 6144.3 1948.8 632.7 1116.3 3759.9 2510.8 1191.6 7636.9 3910.7 909.8 1344.2 104.6 131.2 1236.4
26877.7 37.7 633.3 2800.6 739.2 12265.0 80.2 186.6 590.8 452.3 501.5 590.5 7511.2 2351.8 684.7 1288.4 4198.1 2811.5 1419.2 8401.5 4266.0 1015.4 1441.3 104.7 152.8 1421.4
31296.0 40.7 592.6 2955.7 856.8 15193.4 84.9 186.4 665.1 552.0 530.8 509.4 9769.9 2894.9 748.9 1478.4 4651.5 3170.2 1607.9 9294.3 4689.8 1115.3 1553.6 100.0 227.9 1607.7
29977.9 48.3 518.6 3281.6 1009.2 13270.0 97.3 184.8 440.2 608.7 533.7 553.9 8147.3 2704.2 782.7 1526.3 4508.1 3168.1 1865.1 10237.0 5115.0 1224.8 1741.3 102.8 235.1 1818.0
28856.3 48.7 591.8 3562.6 1172.2 11772.0 97.3 190.3 297.5 441.5 584.3 717.0 6829.5 2614.6 842.2 1558.5 4094.7 3151.0 2062.7 11090.1 5664.7 1328.5 1892.0 105.0 196.4 1903.5
26774.4 49.9 602.2 3887.5 1133.0 9859.1 110.4 194.9 136.3 299.9 681.8 1056.4 5161.2 2218.4 881.6 1604.9 3719.2 2913.2 2123.7 12095.2 6420.6 1432.9 1999.9 106.0 148.2 1987.6
31330.4 52.1 593.1 4253.2 1023.8 12399.2 105.9 203.8 282.6 437.3 706.4 971.1 6787.7 2904.3 972.7 1803.2 4561.6 3398.1 2273.5 13207.9 7212.7 1552.7 2104.4 105.2 182.5 2050.4
34746.5 57.5 651.8 4728.7 973.2 13932.2 136.1 204.4 381.2 405.4 746.7 1145.1 7495.9 3417.4 1018.8 2027.9 4955.8 3690.4 2710.1 14735.5 8248.0 1704.4 2219.4 106.8 264.0 2192.9
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26
(1) Combined statement for households and nonprofit organizations, nonfarm noncorporate business, and farm business. (2) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual funds (line 14) and life insurance and pension reserves (lines 15, 16, 17, and 18). (3) Includes corporate farms.
54
FFA, 1995-2004, March 12, 2009
L.100 Households and Nonprofit Organizations (1)
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34
Total financial assets Deposits Foreign deposits Checkable deposits and currency Time and savings deposits Money market fund shares Credit market instruments Open market paper Treasury securities Savings bonds Other Treasury Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds Other loans and advances (2) Mortgages Corporate equities (3) Mutual fund shares Security credit Life insurance reserves Pension fund reserves Equity in noncorporate business Miscellaneous assets Total liabilities Credit market instruments Home mortgages (4) Consumer credit Municipal securities Bank loans n.e.c. Other loans and advances Commercial mortgages Security credit Trade payables Deferred and unpaid life insurance premiums
21510.2 3357.4 23.4 561.9 2299.7 472.4 2241.7 71.7 833.6 185.0 648.6 223.0 533.4 466.5 0.1 113.3 4434.2 1253.0 127.6 566.2 5715.3 3486.6 328.3 5053.9 4856.7 3334.4 1168.2 96.4 57.4 108.4 91.9 78.6 101.1 17.5
23390.0 3499.9 35.5 494.7 2441.8 527.9 2424.2 75.8 894.2 187.0 707.2 340.8 493.0 514.6 0.1 105.8 4712.2 1561.5 162.9 610.6 6377.5 3702.2 338.9 5414.9 5193.1 3539.8 1273.9 102.4 58.0 122.3 96.6 94.4 109.1 18.3
26656.1 3666.1 37.2 448.1 2578.5 602.3 2402.5 77.1 803.1 186.5 616.6 398.9 497.6 526.9 0.2 98.7 6144.3 1948.8 215.5 665.0 7354.8 3907.7 351.5 5762.1 5494.3 3755.9 1344.2 109.6 66.5 123.0 95.1 131.2 118.0 18.6
29942.5 3882.3 37.7 463.8 2674.1 706.6 2455.6 80.2 739.5 186.6 552.8 452.3 498.7 590.5 0.2 94.3 7511.2 2351.8 276.7 718.3 8264.5 4121.4 360.8 6217.0 5920.3 4057.5 1441.3 121.3 72.0 122.6 105.6 152.8 126.8 17.2
34372.3 4050.7 40.7 417.7 2776.2 816.1 2590.8 84.9 814.4 186.4 628.0 552.0 528.1 509.4 0.6 101.6 9769.9 2894.9 323.9 783.9 9265.2 4320.5 372.6 6794.4 6416.1 4435.2 1553.6 131.7 65.2 117.8 112.5 227.9 130.9 19.4
33181.6 4377.3 48.3 335.1 3034.1 959.8 2481.2 97.3 584.8 184.8 400.1 608.7 531.2 553.9 1.9 103.4 8147.3 2704.2 412.4 819.1 9166.0 4695.3 378.7 7400.1 7010.7 4820.9 1741.3 137.5 65.4 119.1 126.6 235.1 134.7 19.6
32035.4 4877.0 48.7 407.2 3307.8 1113.2 2392.9 97.3 445.0 190.3 254.6 441.5 580.8 717.0 2.6 108.7 6829.5 2614.6 454.3 880.0 8766.4 4822.9 397.8 8031.2 7682.9 5327.8 1892.0 151.3 43.6 120.0 148.1 196.4 132.9 19.1
30093.7 5154.5 49.9 414.5 3618.3 1071.7 2552.0 110.4 288.3 194.9 93.4 299.9 678.4 1056.4 2.8 116.0 5161.2 2218.4 412.7 920.9 8198.0 5041.7 434.2 8833.9 8513.7 6034.2 1999.9 164.2 21.1 120.2 174.0 148.2 152.0 20.0
35071.0 5350.6 52.1 399.0 3939.4 960.2 2783.9 105.9 441.5 203.8 237.7 437.3 703.8 971.1 3.1 121.3 6787.7 2904.3 475.4 1013.2 9722.4 5544.4 489.1 9860.3 9500.1 6886.0 2104.4 178.3 52.8 118.7 159.9 182.5 156.8 20.9
38940.3 5742.6 57.5 370.3 4410.7 904.1 3102.4 136.1 535.4 204.4 331.0 405.4 742.4 1145.1 5.9 132.1 7495.9 3417.4 578.3 1060.4 10632.6 6369.3 541.5 11035.7 10576.0 7838.6 2219.4 188.6 35.5 119.0 174.9 264.0 173.3 22.5
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34
(1) Sector includes farm households. 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 funds (line 18) and life insurance and pension reserves (lines 20 and 21). (4) Includes loans made under home equity lines of credit and home equity loans secured by junior liens, shown on table L.218, line 22.
FFA, 1995-2004, March 12, 2009
55
L.101 Nonfinancial Business (1)
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27
Total financial assets Foreign deposits Checkable deposits and currency Time and savings deposits Money market fund shares Security RPs Credit market instruments Commercial paper Treasury securities Agency- and GSE-backed securities Municipal securities Mortgages Consumer credit Mutual fund shares Trade receivables Miscellaneous assets Total liabilities Credit market instruments Commercial paper Municipal securities Corporate bonds Bank loans n.e.c. Other loans and advances Mortgages Trade payables Taxes payable Miscellaneous liabilities
5555.6 17.4 326.5 171.1 77.0 2.4 328.0 20.1 80.7 23.4 39.0 79.7 85.1 45.7 1325.3 3262.2 7549.1 4133.9 157.4 134.8 1357.2 806.2 581.8 1096.7 975.3 73.7 2366.1
6149.9 28.2 355.0 204.7 86.9 3.9 321.8 31.5 75.6 28.5 33.6 74.7 77.7 63.0 1442.9 3643.5 8056.2 4406.9 156.4 137.9 1485.2 876.0 603.2 1148.3 1056.9 85.5 2506.9
6632.2 23.1 370.1 250.1 110.7 4.6 317.2 36.1 59.1 8.0 30.6 99.0 84.4 75.0 1566.0 3915.5 8503.6 4843.9 168.6 142.0 1666.3 973.9 660.7 1232.5 1154.0 99.2 2406.4
7863.2 30.5 364.5 319.0 159.0 4.2 313.1 39.4 61.6 10.6 28.6 93.6 79.3 98.0 1681.6 4893.2 9642.1 5410.7 193.0 147.8 1881.2 1076.0 730.1 1382.6 1242.0 108.1 2881.2
9326.5 31.5 405.8 416.4 195.6 5.8 285.8 47.6 56.6 12.4 27.7 65.3 76.1 127.0 1930.1 5928.5 10907.2 6030.1 230.3 152.8 2107.1 1165.8 772.4 1601.7 1455.0 124.0 3298.1
11252.5 24.0 429.9 519.9 240.8 4.2 314.3 57.8 58.3 15.4 34.4 67.0 81.5 121.9 2281.4 7316.1 12448.3 6590.4 278.4 154.2 2271.1 1260.8 867.2 1758.6 1809.2 142.6 3906.1
11536.6 15.5 366.5 535.8 360.9 4.0 316.7 60.2 59.7 17.5 32.8 73.4 73.1 112.5 2161.8 7662.9 12868.4 6954.0 177.7 157.7 2614.5 1195.9 871.8 1936.4 1700.8 149.7 4063.8
11659.3 20.6 328.7 560.5 397.1 6.2 341.8 64.8 74.2 16.9 35.5 75.7 74.7 95.8 2082.5 7826.3 13184.2 7133.9 119.8 160.8 2747.9 1111.9 898.6 2094.9 1745.9 163.1 4141.2
11907.8 38.1 385.0 676.6 362.6 6.0 340.1 75.7 77.7 12.1 38.1 78.0 58.5 125.9 2040.1 7933.3 13214.9 7341.1 82.5 164.2 2900.1 1035.5 910.2 2248.6 1665.0 150.9 4057.9
13102.7 53.7 459.9 718.4 393.5 6.4 382.7 95.0 83.3 12.2 36.2 97.4 58.6 140.5 2195.6 8751.9 14049.1 7796.3 97.8 169.4 2975.5 1063.8 967.7 2522.2 1786.2 166.0 4300.6
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27
(1) Combined statement for nonfarm nonfinancial corporate business, nonfarm noncorporate business, and farm business.
56
FFA, 1995-2004, March 12, 2009
L.102 Nonfarm Nonfinancial Corporate Business
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35
Total financial assets Foreign deposits Checkable deposits and currency Time and savings deposits Money market fund shares Security RPs Credit market instruments Commercial paper Treasury securities Agency- and GSE-backed securities Municipal securities Mortgages Consumer credit Mutual fund shares Trade receivables Miscellaneous assets U.S. direct investment abroad (1) Insurance receivables Equity in GSEs Investment in finance company subs. Other Total liabilities Credit market instruments Commercial paper Municipal securities (2) Corporate bonds (1) Bank loans n.e.c. Other loans and advances (3) Mortgages Trade payables Taxes payable Miscellaneous liabilities Foreign direct investment in U.S. Pension fund contributions payable Other Memo:
4958.5 17.4 205.1 99.7 60.0 2.4 280.4 20.1 57.1 23.4 36.8 57.9 85.1 45.7 1184.9 3062.9 778.7 183.6 0.0 22.5 2078.2 6009.5 2940.4 157.4 134.8 1357.2 601.8 469.4 219.9 877.5 40.3 2151.3 640.2 83.8 1427.3
5457.7 28.2 214.3 129.7 67.6 3.9 270.2 31.5 47.1 28.5 31.0 54.4 77.7 63.0 1273.1 3407.7 866.5 186.2 0.0 23.0 2332.0 6378.6 3140.3 156.4 137.9 1485.2 642.1 488.1 230.6 927.0 49.9 2261.4 696.0 89.2 1476.3
5808.7 23.1 206.9 164.4 87.8 4.6 263.0 36.1 26.8 8.0 27.4 80.2 84.4 75.0 1361.1 3622.8 933.1 188.1 0.0 28.0 2473.6 6628.8 3472.4 168.6 142.0 1666.3 692.7 539.7 263.1 992.1 59.2 2105.1 747.2 97.6 1260.4
6816.1 30.5 195.0 192.6 126.4 4.2 246.0 39.4 23.6 10.6 25.7 67.3 79.3 98.0 1448.4 4475.0 1041.0 189.8 0.0 45.7 3198.5 7457.6 3855.6 193.0 147.8 1881.2 768.8 600.4 264.4 1049.7 64.1 2488.3 807.6 110.5 1570.2
8093.8 31.5 231.0 236.9 154.9 5.8 221.8 47.6 19.4 12.4 25.0 41.2 76.1 127.0 1657.6 5427.5 1227.7 190.8 0.0 28.6 3980.4 8407.3 4276.5 230.3 152.8 2107.1 808.8 633.1 344.4 1228.2 71.0 2831.5 898.8 92.1 1840.7
9772.5 24.0 246.4 272.3 191.4 4.2 248.3 57.8 18.1 15.4 31.9 43.5 81.5 121.9 1939.2 6724.7 1322.2 190.4 0.0 29.4 5182.6 9611.4 4638.4 278.4 154.2 2271.1 852.7 715.8 366.3 1541.4 78.0 3353.5 1110.2 73.0 2170.3
9898.9 15.5 181.9 281.1 301.9 4.0 243.6 60.2 16.9 17.5 29.3 46.6 73.1 112.5 1817.9 6940.5 1462.7 200.8 0.0 11.6 5265.4 9809.5 4834.2 177.7 157.7 2614.5 743.7 721.5 419.1 1437.7 81.0 3456.5 1228.2 48.4 2179.9
9941.8 20.6 141.1 291.3 335.7 6.2 269.4 64.8 31.4 16.9 32.1 49.6 74.7 95.8 1719.6 7062.2 1583.9 218.2 0.0 18.5 5241.5 9922.8 4857.1 119.8 160.8 2747.9 635.5 743.4 449.7 1457.4 93.0 3515.4 1163.3 49.9 2302.1
10108.8 38.1 190.9 362.8 299.0 6.0 266.2 75.7 32.8 12.1 35.4 51.8 58.5 125.9 1702.4 7117.4 1718.5 236.6 0.0 21.0 5141.3 9867.4 4974.4 82.5 164.2 2900.1 548.3 750.3 529.1 1402.7 81.2 3409.0 1192.5 49.8 2166.8
10931.6 53.7 178.4 400.5 324.3 6.4 297.4 95.0 33.1 12.2 31.8 66.6 58.6 140.5 1831.3 7699.1 2056.6 255.5 0.0 23.6 5363.4 10349.3 5178.4 97.8 169.4 2975.5 547.2 805.4 583.2 1499.9 88.0 3583.0 1231.2 46.6 2305.1
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35
36 37 38 39 40 41
Trade receivables net of payables Market value of equities Securities and mortgages Loans and short-term paper Total short-term liabilities (4) Total liquid assets (5) Analytical measures (percent) Long-term debt/credit market debt Short-term debt/credit market debt Liquid assets/short-term liabilities
307.4 6406.8 1711.9 1228.5 2146.4 567.7
346.1 6804.3 1853.7 1286.6 2263.5 644.9
369.0 8674.7 2071.4 1401.0 2452.3 660.2
398.7 10962.4 2293.4 1562.2 2675.9 746.1
429.4 14476.8 2604.3 1672.3 2971.5 891.4
397.8 12444.5 2791.6 1846.8 3466.3 983.5
380.2 10868.6 3191.3 1642.9 3161.7 1020.8
262.2 8212.4 3358.3 1498.8 3049.1 1035.8
299.7 10845.4 3593.4 1381.1 2865.0 1178.8
331.3 12086.2 3728.1 1450.3 3038.2 1276.0
36 37 38 39 40 41
42 43 44
58.2 41.8 26.4
59.0 41.0 28.5
59.7 40.3 26.9
59.5 40.5 27.9
60.9 39.1 30.0
60.2 39.8 28.4
66.0 34.0 32.3
69.1 30.9 34.0
72.2 27.8 41.1
72.0 28.0 42.0
42 43 44
(1) Through 1992:Q4, corporate bonds include net issues by Netherlands Antillean financial subsidiaries, and U.S. direct investment abroad excludes net inflows from those bond issues. (2) Industrial revenue bonds. Issued by state and local governments to finance private investment and secured in interest and principal by the industrial user of the funds. (3) Loans from rest of the world, U.S. government, and nonbank financial institutions. Detail can be found on table L.216. (4) Loans (except mortgages), short-term paper, taxes payable, and trade payables. Includes loans due in more than one year and excludes current maturities of bonds and mortgages. (5) Sum of lines 2 through 11, plus line 14.
FFA, 1995-2004, March 12, 2009
57
L.103 Nonfarm Noncorporate Business
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21
Total financial assets Checkable deposits and currency Time and savings deposits Money market fund shares Treasury securities Municipal securities Mortgages Consumer credit Trade receivables Miscellaneous assets Insurance receivables Equity investment in GSEs (1) Other Total liabilities Credit market instruments Bank loans n.e.c. Other loans and advances Mortgages Trade payables Taxes payable Miscellaneous liabilities
548.1 104.7 71.5 17.0 23.6 2.2 21.7 0.0 140.3 167.0 44.2 1.0 121.9 1396.6 1062.1 164.7 92.4 805.0 86.2 33.4 214.8
643.2 124.0 75.0 19.2 28.6 2.6 20.4 0.0 169.8 203.5 44.8 1.7 157.1 1529.1 1131.1 193.6 94.4 843.2 116.8 35.7 245.5
773.8 146.2 85.7 22.9 32.2 3.2 18.7 0.0 204.9 259.9 45.2 1.7 213.0 1717.9 1228.8 237.3 100.6 890.9 147.8 39.9 301.3
992.3 150.9 126.5 32.6 38.0 2.8 26.3 0.0 233.1 382.1 45.6 1.6 334.9 2019.8 1404.2 262.1 107.1 1035.1 178.6 44.1 392.9
1176.1 155.6 179.5 40.7 37.2 2.7 24.1 0.0 272.6 463.8 45.9 1.6 416.3 2332.2 1599.4 312.8 116.5 1170.1 213.3 53.0 466.5
1422.9 164.1 247.6 49.4 40.2 2.4 23.4 0.0 342.1 553.7 45.8 1.6 506.2 2673.0 1795.8 361.2 126.9 1307.6 259.9 64.6 552.6
1578.8 164.5 254.7 59.0 42.8 3.5 26.8 0.0 343.9 683.6 48.3 1.8 633.5 2888.2 1957.3 405.3 123.2 1428.8 255.0 68.7 607.3
1657.0 167.1 269.2 61.3 42.8 3.4 26.2 0.0 362.8 724.2 52.5 1.8 670.0 3084.1 2107.1 430.4 126.9 1549.8 281.0 70.2 625.9
1736.6 172.9 313.8 63.6 44.9 2.7 26.3 0.0 337.7 774.7 56.9 2.1 715.7 3172.4 2198.7 441.7 131.6 1625.3 255.3 69.7 648.8
2105.6 259.2 318.0 69.2 50.2 4.3 30.8 0.0 364.3 1009.5 60.5 2.0 947.1 3516.8 2443.8 468.9 132.8 1842.1 277.4 78.0 717.6
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21
(1) Equity in the Farm Credit System.
L.104 Farm Business (1)
Billions of dollars
1 2 3 4 5 6 7 8 9 10 11 Total financial assets Checkable deposits and currency Miscellaneous assets Insurance receivables Equity investment in GSEs (2) Total liabilities Credit market instruments Bank loans n.e.c. Other loans and advances Mortgages (3) Trade payables 49.1 16.7 32.4 30.2 2.2 143.0 131.4 39.7 19.9 71.7 11.6 49.0 16.7 32.3 30.8 1.5 148.6 135.5 40.4 20.7 74.4 13.0 49.7 16.9 32.8 31.3 1.5 156.9 142.8 43.9 20.4 78.5 14.1 54.7 18.6 36.1 34.5 1.7 164.6 150.9 45.1 22.7 83.1 13.7 56.5 19.2 37.3 35.7 1.6 167.7 154.2 44.2 22.8 87.2 13.5 57.1 19.4 37.7 36.0 1.6 163.9 156.1 46.9 24.5 84.7 7.8 58.9 20.0 38.9 36.8 2.0 170.7 162.6 46.9 27.1 88.5 8.1 60.4 20.6 39.9 37.8 2.1 177.2 169.7 46.0 28.3 95.4 7.6 62.4 21.2 41.2 38.7 2.5 175.1 168.0 45.5 28.4 94.1 7.1 65.5 22.3 43.2 40.5 2.7 183.0 174.1 47.7 29.5 96.9 8.9 1 2 3 4 5 6 7 8 9 10 11
(1) Corporate and noncorporate farms. (2) Equity in the Farm Credit System. (3) Excludes mortgages on farm houses.
58
FFA, 1995-2004, March 12, 2009
L.105 State and Local Governments (1)
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24
Total financial assets Checkable deposits and currency Time and savings deposits Money market fund shares Security RPs Credit market instruments Open market paper Treasury securities Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds Mortgages Corporate equities Mutual fund shares Trade receivables Taxes receivable Miscellaneous assets Total liabilities Credit market instruments Municipal securities Short-term Other U.S. government loans Trade payables
1121.7 33.3 62.0 10.7 115.7 638.6 39.4 289.8 151.5 5.1 39.0 113.8 26.4 35.0 77.3 18.6 104.2 1275.7 1046.7 1037.0 34.4 1002.6 9.7 228.9
1162.6 27.8 72.6 12.0 147.8 604.8 59.7 257.0 116.2 4.6 49.7 117.6 46.9 41.0 82.9 14.0 112.7 1273.3 1026.2 1021.3 40.7 980.7 4.8 247.1
1286.9 32.2 78.4 15.6 151.4 605.0 74.0 239.3 115.4 3.9 51.0 121.3 78.4 33.6 89.2 14.3 188.8 1343.5 1076.9 1067.0 49.0 1018.0 10.0 266.6
1474.8 28.3 93.2 46.7 155.6 714.6 86.8 280.8 154.1 3.2 62.4 127.4 98.5 34.1 96.3 17.1 190.4 1431.0 1143.8 1133.6 42.7 1090.9 10.1 287.3
1601.1 32.2 107.2 51.2 153.1 816.5 104.3 304.5 198.3 3.5 74.0 131.8 98.3 33.4 104.9 27.6 176.8 1491.1 1181.0 1172.5 45.3 1127.2 8.5 310.1
1661.9 32.3 117.8 53.9 142.8 887.3 119.5 310.0 239.7 3.7 83.8 130.5 93.2 30.8 109.9 42.4 151.6 1533.0 1197.9 1189.0 46.6 1142.4 8.9 335.1
1748.2 36.3 129.8 57.1 131.9 981.2 136.9 328.4 287.0 4.0 95.1 129.7 88.0 28.1 115.9 46.1 133.9 1665.4 1303.4 1294.5 70.5 1224.0 9.0 361.9
1799.9 41.5 138.7 58.7 115.6 1067.4 151.3 354.7 328.8 4.1 104.2 124.4 79.3 24.3 118.4 50.8 105.4 1837.8 1447.5 1437.9 95.7 1342.2 9.6 390.3
1908.2 48.4 159.0 62.7 123.5 1125.6 161.6 364.2 351.2 4.4 111.3 132.9 84.7 25.9 126.5 68.4 83.5 1987.0 1567.6 1557.9 106.1 1451.8 9.7 419.5
2029.5 42.2 170.6 66.6 131.2 1198.1 171.7 389.1 373.2 4.7 118.2 141.2 90.0 27.5 134.4 89.0 80.0 2132.9 1683.0 1673.0 100.2 1572.8 10.0 449.9
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24
(1) Data for employee retirement funds are shown in table L.119.
L.106 Federal Government
Billions of dollars
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Total financial assets Gold, SDRs, and official foreign exchange Checkable deposits and currency Time and savings deposits Credit market instruments Agency- and GSE-backed securities Other loans and advances Mortgages Consumer credit (1) Corporate equities (2) Trade receivables Taxes receivable Miscellaneous assets Total liabilities SDR certificates Treasury currency Credit market instruments Savings bonds Other Treasury securities Budget agency securities Multifamily residential mortgages Trade payables Insurance reserves Miscellaneous liabilities (3) Nonmarketable securities held by pension plans Other 431.7 53.8 22.2 0.9 197.6 0.0 130.9 57.5 9.2 0.0 23.1 17.3 116.9 4289.2 10.2 18.3 3636.7 185.0 3423.5 28.2 0.0 81.1 29.9 513.0 506.3 6.7 511.5 44.9 38.3 2.4 201.6 0.0 133.7 50.3 17.7 0.0 24.0 90.2 110.2 4491.2 9.7 18.9 3781.7 187.0 3568.1 26.6 0.0 81.8 30.5 568.7 561.4 7.3 508.4 42.0 41.6 3.4 213.1 0.0 139.7 45.7 27.6 0.0 20.8 82.9 104.8 4546.9 9.2 19.3 3804.8 186.5 3591.8 26.5 0.0 72.9 32.3 608.3 601.7 6.6 500.4 51.0 23.2 4.7 218.8 0.0 137.4 44.9 36.5 0.0 22.3 79.2 101.2 4529.4 9.2 19.9 3752.2 186.6 3537.0 28.5 0.0 65.0 33.6 649.6 642.9 6.7 601.0 44.5 87.9 5.4 256.3 0.0 130.6 77.7 48.0 0.0 22.9 83.7 100.3 4503.8 6.2 20.9 3681.0 186.4 3466.2 28.3 0.0 70.2 35.0 690.6 684.0 6.6 545.3 41.1 24.3 6.3 264.3 0.0 127.8 76.9 59.7 0.0 28.1 82.2 98.9 4232.8 2.2 23.2 3385.1 184.8 3173.0 27.3 0.0 74.6 36.4 711.3 704.9 6.4 613.9 43.2 66.9 10.5 268.2 0.0 120.0 75.8 72.5 0.0 35.5 89.4 100.3 4293.9 2.2 24.5 3379.5 190.3 3162.4 26.8 0.0 78.0 37.8 772.0 765.8 6.2 629.4 51.1 47.5 27.6 276.2 0.0 119.4 76.3 80.5 0.0 32.2 94.4 100.3 4583.7 2.2 25.5 3637.0 194.9 3414.9 27.3 0.0 78.8 39.4 800.9 790.3 10.6 629.7 55.2 54.1 2.4 273.6 0.0 117.5 73.8 82.4 0.0 51.3 91.4 101.7 5096.5 2.2 26.0 4033.1 203.8 3804.4 24.9 0.0 151.2 40.5 843.6 815.0 28.6 609.6 54.5 21.9 2.4 275.9 0.0 114.4 75.4 86.1 0.0 61.8 90.7 102.3 5533.3 2.2 26.7 4395.0 204.4 4166.3 24.3 0.0 166.3 41.6 901.6 855.9 45.7 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26
(1) Student loans. (2) Corporate equities purchased from financial businesses under the Troubled Assets Relief Program (TARP) and from GSEs at market price. (3) Includes nonmarketable government securities held by the civil service retirement and disability fund, Railroad Retirement Board, judicial retirement fund, military retirement fund, and foreign service retirement and disability fund.
FFA, 1995-2004, March 12, 2009
59
L.107 Rest of the World
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
Total financial assets Net interbank assets U.S. checkable deposits and currency U.S. time deposits Money market fund shares Security RPs Credit market instruments Open market paper Treasury securities Official Private Agency- and GSE-backed securities Official Private Municipal securities U.S. corporate bonds (1) Loans to U.S. corporate business U.S. corporate equities Mutual fund shares Trade receivables Security credit Miscellaneous assets Foreign direct investment in U.S. (2) Other Total liabilities U.S. official foreign exchange and net IMF position U.S. private deposits Credit market instruments Commercial paper Bonds Bank loans n.e.c. Official Banks Other U.S. government loans Acceptance liabilities to banks Trade payables Security debt Miscellaneous liabilities U.S. equity in IBRD, etc. Nonofficial foreign currencies U.S. direct investment abroad (1,2) Other Memo:
3451.5 229.3 158.5 40.0 5.1 67.6 1464.8 43.4 816.9 490.0 327.0 123.1 17.5 105.5 4.0 355.3 122.1 484.6 59.9 49.3 0.0 892.5 680.1 212.5 2104.5
4001.3 177.3 175.2 50.9 5.8 70.9 1795.6 57.9 1040.3 606.4 433.9 134.4 24.7 109.7 4.9 432.1 126.0 584.3 82.3 54.9 0.0 1004.1 745.6 258.5 2370.8
4751.0 173.0 202.7 63.9 6.6 90.8 2035.6 77.8 1153.2 615.1 538.1 157.3 33.1 124.2 5.9 498.2 143.3 837.3 109.0 55.8 0.0 1176.3 824.1 352.1 2792.9
5320.5 145.9 213.2 115.9 7.3 72.0 2202.0 111.4 1166.2 622.9 543.3 185.6 46.8 138.7 6.8 589.7 142.3 1107.9 135.1 49.3 0.0 1272.0 920.0 351.9 3025.0
6040.6 140.3 237.5 118.8 8.1 79.9 2196.1 105.0 1058.4 617.7 440.7 232.3 76.1 156.2 7.8 673.1 119.5 1434.0 169.5 49.7 0.0 1606.6 1101.7 504.9 3515.8
6828.1 161.1 236.3 101.5 11.2 91.3 2451.1 114.3 1021.4 639.8 381.6 348.2 116.4 231.9 8.0 841.8 117.3 1483.0 149.0 49.4 0.0 2094.1 1421.0 673.1 3788.1
7311.6 115.5 255.1 102.1 15.1 151.1 2850.2 108.4 1095.2 720.1 375.1 504.1 171.7 332.4 8.0 1018.7 115.7 1441.0 116.6 46.2 0.0 2218.8 1518.5 700.3 3830.6
7795.0 119.7 273.4 143.3 16.3 190.1 3303.0 126.6 1285.5 812.0 473.5 630.6 214.2 416.3 11.5 1123.0 125.8 1221.6 98.0 48.8 0.0 2380.8 1500.0 880.9 4297.9
8790.8 109.6 262.9 115.0 18.8 460.2 3836.1 192.8 1513.5 986.3 527.2 655.3 262.9 392.4 19.5 1330.0 125.0 1674.6 146.1 50.1 0.0 2117.4 1581.0 536.4 4759.1
10523.4 118.3 285.3 149.2 22.9 665.1 4634.7 229.8 1813.6 1251.9 561.6 875.2 372.6 502.6 26.0 1558.9 131.2 1904.6 195.8 49.0 0.0 2498.5 1742.7 755.8 5856.0
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43
63.7 418.8 567.6 56.2 413.3 34.6 2.6 10.9 21.1 55.4 8.2 46.5 0.0 1007.8 27.4 2.3 885.5 92.6
53.7 521.7 657.2 67.5 481.4 43.7 2.9 14.3 26.5 54.8 9.9 44.8 0.0 1093.3 29.2 2.1 989.8 72.2
48.9 618.5 723.6 65.1 543.4 52.1 2.1 13.8 36.3 53.3 9.7 50.0 0.0 1351.8 30.8 2.1 1068.1 250.9
60.1 627.6 783.2 72.9 594.4 58.7 2.8 13.1 42.8 52.4 4.7 46.1 0.0 1508.0 32.4 1.9 1196.0 277.7
50.1 676.5 748.2 89.2 548.2 59.2 3.0 9.9 46.4 47.8 3.9 50.4 0.0 1990.7 33.9 2.6 1414.4 539.9
46.1 803.3 814.5 120.9 572.7 70.5 3.5 13.2 53.8 47.2 3.1 51.2 0.0 2073.0 35.4 2.6 1531.6 503.5
46.8 810.1 865.4 198.5 557.1 63.2 4.3 5.9 53.1 46.1 0.5 43.5 0.0 2064.8 37.1 2.5 1693.1 332.1
55.8 831.1 1072.8 257.2 702.7 68.6 5.1 5.1 58.4 44.1 0.2 38.6 0.0 2299.6 38.6 2.6 1867.0 391.4
62.3 867.1 1252.7 275.5 868.9 66.1 4.5 8.9 52.7 42.0 0.2 44.7 0.0 2532.4 40.0 2.8 2054.5 435.1
62.2 957.0 1437.7 344.2 985.0 69.9 5.5 13.4 51.0 38.3 0.3 48.2 0.0 3351.0 42.0 2.8 2498.5 807.8
26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43
44
Market value of foreign equities held by U.S. residents (3)
790.6
1006.1
1207.8
1475.0
2003.7
1852.8
1612.7
1374.0
2079.4
2560.4
44
(1) Through 1992:Q4, corporate bonds include net issues by Netherlands Antillean financial subsidiaries; U.S. direct investment abroad excludes net inflows from those bond issues. (2) Direct investment is valued on a current-cost basis. (3) Includes American Depositary Receipts (ADRs).
60
FFA, 1995-2004, March 12, 2009
L.108 Monetary Authority (1)
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39
Total financial assets Gold and foreign exchange SDR certificates Treasury currency Federal Reserve float Federal Reserve loans to domestic banks Discount window (2) AMLF (3) Security RPs Credit market instruments Open market paper Treasury securities Agency- and GSE-backed securities Bank loans n.e.c. Rest of world Brokers and dealers (4) Funding corporations (Maiden Lane) (5) Funding corporations (AIG) Funding corporations (Maiden Lane II) (6) Funding corporations (Maiden Lane III)(7) Funding corporations (CPFF) (8) Miscellaneous assets Nonofficial foreign currencies (9) Other Total liabilities Depository institution reserves Vault cash of commercial banks Checkable deposits and currency Due to federal government Treasury cash holdings Treasury general deposit account Treasury temporary supplementary financing account Due to rest of the world Due to government-sponsored enterprises Currency outside banks Security RPs Miscellaneous liabilities Federal Reserve Bank stock Other
471.9 32.1 10.2 24.0 0.1 0.1 0.1 0.0 13.9 380.8 0.0 378.2 2.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10.7 0.0 10.7 467.9 29.6 40.6 391.2 6.2 0.3 6.0 0.0 0.4 0.8 383.7 0.0 6.6 4.0 2.6
495.2 30.2 9.7 25.0 4.3 0.1 0.1 0.0 21.6 393.1 0.0 390.9 2.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11.2 0.0 11.2 490.7 24.5 45.2 414.4 8.0 0.2 7.7 0.0 0.2 0.8 405.5 0.0 6.6 4.6 2.0
534.0 28.0 9.2 25.5 0.7 2.0 2.0 0.0 23.8 431.4 0.0 430.7 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13.2 0.0 13.2 528.8 30.8 45.0 444.3 5.7 0.2 5.4 0.0 0.5 0.8 437.3 0.0 8.7 5.4 3.2
566.8 30.7 9.2 26.3 1.6 0.0 0.0 0.0 30.4 452.5 0.0 452.1 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16.1 0.0 16.1 560.9 26.3 42.1 483.3 6.2 0.1 6.1 0.0 0.2 1.5 475.4 0.0 9.2 6.0 3.3
696.9 27.1 6.2 28.0 -0.2 0.2 0.2 0.0 140.6 478.1 0.0 478.0 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16.8 0.0 16.8 690.4 24.0 66.6 591.5 28.5 0.1 28.4 0.0 0.1 1.1 561.8 0.0 8.3 6.4 1.9
635.9 26.6 2.2 31.6 0.9 0.1 0.1 0.0 43.4 511.8 0.0 511.7 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19.3 0.0 19.3 629.1 19.0 44.4 556.4 5.6 0.5 5.1 0.0 0.2 1.2 549.3 0.0 9.3 7.0 2.3
683.0 25.5 2.2 33.0 -0.0 0.0 0.0 0.0 50.3 551.7 0.0 551.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20.3 0.0 20.3 675.6 17.5 47.3 603.8 7.1 0.4 6.6 0.0 0.1 0.7 596.0 0.0 7.0 7.4 -0.3
753.6 27.9 2.2 34.6 0.4 0.0 0.0 0.0 39.5 629.4 0.0 629.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19.6 0.0 19.6 745.3 22.5 47.8 645.7 4.8 0.4 4.4 0.0 0.1 1.1 639.7 21.1 8.1 8.4 -0.2
796.8 30.8 2.2 35.5 -0.3 0.1 0.1 0.0 43.8 666.7 0.0 666.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18.2 0.0 18.2 788.0 23.1 48.0 683.0 6.0 0.3 5.7 0.0 0.2 0.6 676.2 25.7 8.3 8.8 -0.6
841.3 32.3 2.2 36.4 0.9 0.0 0.0 0.0 33.0 717.8 0.0 717.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18.6 0.0 18.6 829.6 24.0 41.5 720.8 6.2 0.3 5.9 0.0 0.1 1.1 713.3 30.8 12.5 11.9 0.6
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39
(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. (4) Loans extended through the Federal Reserve’s Primary Dealer Credit Facility and the AMLF. (5) Loan extended by the Federal Reserve to Maiden Lane LLC to facilitate the arrangementsassociated with JPMorgan Chase & Co.’s acquisition of Bear Stearns Companies, Inc. (6) 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. (7) Loan extended by the Federal Reserve to Maiden Lane III LLC to purchase CDOs on which AIG has written credit default swap contracts. (8) Loan extended by the Federal Reserve to Commercial Paper Funding Facility LLC. (9) Reciprocal currency arrangements (swap lines) with foreign central banks.
FFA, 1995-2004, March 12, 2009
61
L.109 Commercial Banking (1)
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
Total financial assets Vault cash Reserves at Federal Reserve Checkable deposits and currency Total bank credit Open market paper Treasury securities Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds Bank loans n.e.c. Mortgages Consumer credit Security credit Corporate equities Mutual fund shares Customers’ liab. on acceptances (2) Miscellaneous assets Total liabilities Net interbank liabilities To monetary authority To domestic banks (3) To foreign banks Checkable deposits Federal government Rest of the world Private domestic Small time and savings deposits Large time deposits Federal funds and security RPs (net) Credit market instruments Open market paper Corporate bonds Other loans and advances Taxes payable Miscellaneous liabilities Memo:
4493.9 40.6 27.0 1.6 3604.6 5.7 278.7 467.5 93.4 110.5 949.6 1090.2 502.3 99.5 5.0 2.3 22.3 797.8 4299.3 220.6 0.2 -8.9 229.3 710.8 19.0 24.1 667.7 1490.1 387.8 388.1 250.6 52.8 161.1 36.7 2.8 848.4
4710.4 45.2 22.3 1.4 3794.5 6.5 261.8 495.7 94.2 111.6 1041.7 1145.4 527.5 100.8 6.8 2.6 23.4 823.7 4509.9 171.1 4.4 -10.6 177.3 676.3 28.7 26.9 620.7 1613.2 493.1 425.8 263.6 55.7 168.9 39.0 4.0 863.0
5174.6 45.0 29.1 1.4 4144.5 2.7 270.1 571.2 96.7 140.5 1169.8 1245.3 515.1 122.5 2.6 8.1 20.6 934.0 4995.6 143.6 2.8 -32.1 173.0 656.4 27.8 31.7 597.0 1761.5 601.0 494.8 309.2 58.5 192.6 58.1 5.4 1023.7
5628.7 42.1 24.5 2.0 4483.6 1.1 214.1 663.2 104.8 176.2 1316.4 1337.0 512.0 142.8 6.8 9.1 11.3 1065.2 5401.4 121.1 1.7 -26.5 145.9 622.9 13.2 28.6 581.1 1945.2 673.1 534.7 382.1 56.9 220.2 104.9 7.1 1115.2
5985.6 66.6 22.5 2.2 4788.5 1.4 228.9 699.6 110.8 210.1 1386.2 1495.4 507.8 124.8 11.3 12.4 8.2 1097.7 5691.2 114.9 -0.0 -25.3 140.3 626.4 49.6 28.7 548.1 2017.1 792.6 604.5 449.3 63.1 240.6 145.6 9.0 1077.4
6468.7 44.4 17.4 1.7 5214.4 1.5 184.5 721.8 114.1 266.1 1513.1 1660.1 551.1 175.2 11.9 15.0 7.5 1183.3 6235.1 157.8 1.0 -4.3 161.1 540.9 16.4 30.7 493.8 2228.7 885.4 644.1 509.3 63.6 273.2 172.4 11.1 1257.8
6829.1 47.3 15.2 2.8 5426.8 0.0 162.7 777.4 120.2 363.1 1439.8 1789.8 568.4 175.2 8.9 21.3 4.6 1332.4 6574.2 126.6 0.0 11.1 115.5 628.8 47.5 25.8 555.5 2478.1 918.1 590.3 562.1 55.4 310.2 196.6 13.5 1256.6
7329.4 47.8 19.7 2.5 5827.2 0.0 205.8 917.9 121.7 359.9 1360.0 2058.3 602.6 177.9 3.5 19.6 4.6 1427.6 7104.0 135.7 0.5 15.5 119.7 571.5 31.1 25.2 515.3 2747.6 915.3 675.2 611.8 52.9 332.2 226.8 16.2 1430.8
7824.9 48.0 19.7 2.5 6239.6 0.0 132.3 1000.0 132.7 481.2 1335.1 2255.8 669.4 200.9 15.0 17.1 4.4 1510.9 7582.8 122.0 -0.3 12.7 109.6 607.2 30.2 4.1 573.0 2979.2 928.1 713.2 660.4 46.6 378.4 235.3 19.1 1553.6
8559.9 41.5 20.8 3.5 6851.5 0.0 107.8 1095.0 140.8 563.6 1410.1 2595.6 704.3 195.8 20.3 18.1 4.0 1638.5 8361.1 146.6 1.0 27.3 118.3 646.7 26.9 13.2 606.6 3259.8 1120.6 726.4 738.7 57.2 437.4 244.1 22.2 1700.0
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
37 38
Credit market funds advanced (4) Consumer leases not included above (5)
3520.1 0.0
3707.7 0.0
4031.9 0.0
4336.1 0.0
4648.3 0.0
5019.8 0.0
5226.0 0.0
5630.8 0.0
6010.9 0.0
6621.2 0.0
37 38
(1) U.S.-chartered commercial banks, foreign banking offices in U.S., bank holding companies, and banks in U.S.-affiliated areas. IBFs are excluded from domestic banking and treated the same as branches in foreign countries. (2) Included in other loans and advances (table L.216). (3) Floats and discrepancies in interbank transactions. (4) Total bank credit (line 5) less security credit (line 14) less corporate equities (line 15) less mutual fund shares (line 16) plus customers’ liability on acceptances (line 17). (5) Receivables from operating leases, such as consumer automobile leases, are booked as current income when payments are received and are not included in financial assets (or household liabilities). The leased automobile is a tangible asset.
62
FFA, 1995-2004, March 12, 2009
L.110 U.S.-Chartered Commercial Banks
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42
Total financial assets Vault cash and reserves at Federal Reserve Total bank credit Open market paper Treasury securities Agency- and GSE-backed securities Mortgage pass-through securities CMOs and other structured MBS Other Municipal securities Corporate and foreign bonds Private mortgage pass-through securities Private CMOs and other structured MBS Other Bank loans n.e.c. Mortgages Consumer credit Security credit Corporate equities Mutual fund shares Customers’ liab. on acceptances (1) Miscellaneous assets Total liabilities Net interbank liabilities Federal Reserve float Borrowing from Federal Reserve banks To domestic banks To foreign banks Checkable deposits Federal government Rest of the world Private domestic Small time and savings deposits Large time deposits Federal funds and security RPs (net) Acceptance liabilities Corporate bonds Other loans and advances Taxes payable Miscellaneous liabilities Investment by bank holding companies Other Memo:
3321.8 66.7 3116.3 3.9 207.6 421.5 195.1 101.0 125.3 92.7 68.9 4.5 24.9 39.5 701.6 1045.4 502.3 65.1 5.0 2.3 12.3 126.6 3423.6 54.5 0.1 0.1 -19.9 74.1 695.8 19.0 18.1 658.6 1471.3 256.5 345.5 12.3 43.3 36.7 2.8 505.0 344.3 160.7
3444.5 66.3 3231.5 4.2 173.0 436.7 216.6 89.5 130.7 93.7 64.1 4.2 21.8 38.2 759.8 1102.9 527.5 60.2 6.8 2.6 13.9 132.8 3561.3 0.4 4.3 0.1 -41.8 37.8 661.4 28.7 21.6 611.1 1594.2 306.1 370.8 14.0 50.9 39.0 4.0 520.6 372.9 147.7
3742.3 71.2 3512.2 2.3 166.8 497.2 247.7 107.0 142.4 96.1 83.3 3.0 22.5 57.9 867.9 1208.4 515.1 64.4 2.6 8.1 13.7 145.2 3902.4 3.0 0.7 2.0 -50.2 50.4 640.3 27.8 26.0 586.5 1738.0 369.3 414.3 13.7 61.6 58.1 5.4 598.7 413.6 185.1
4080.7 65.5 3844.6 0.8 124.8 578.9 301.5 115.9 161.5 104.4 113.6 3.9 42.8 66.9 1013.5 1304.3 512.0 76.3 6.8 9.1 9.1 161.5 4248.9 25.3 1.6 0.0 -50.8 74.4 605.8 13.2 23.2 569.4 1924.4 404.1 434.0 9.1 72.1 104.9 7.1 662.0 469.0 193.0
4434.3 87.6 4164.5 0.7 122.8 608.3 283.7 120.9 203.8 110.2 151.3 4.5 48.8 98.1 1106.8 1465.4 507.8 67.6 11.3 12.4 6.6 175.6 4543.2 60.0 -0.2 0.2 -64.1 124.1 608.7 49.6 22.7 536.4 1997.4 465.7 521.5 6.6 75.8 145.6 9.0 653.1 471.9 181.2
4774.1 61.3 4528.8 0.9 87.9 626.5 297.8 111.0 217.6 113.4 201.4 4.1 56.5 140.8 1218.9 1627.0 551.1 74.7 11.9 15.0 5.9 178.2 4997.7 137.5 0.9 0.1 -33.0 169.5 523.7 16.4 25.1 482.3 2208.0 553.6 510.4 6.0 86.4 172.4 11.1 788.6 525.4 263.2
5014.5 61.9 4734.1 0.0 56.5 700.2 350.6 168.2 181.4 119.7 265.1 25.3 59.3 180.5 1159.3 1752.8 568.4 81.9 8.9 21.3 3.6 214.9 5259.1 138.2 -0.0 0.0 -17.7 155.9 608.2 47.5 22.6 538.2 2448.3 528.4 467.6 3.7 94.7 196.6 13.5 759.8 586.1 173.7
5427.2 66.3 5118.1 0.0 86.4 821.3 434.9 159.1 227.4 121.2 264.3 12.0 67.4 185.0 1101.5 2018.5 602.6 79.2 3.5 19.6 3.9 238.9 5721.4 192.6 0.4 0.0 0.3 191.8 552.7 31.1 22.3 499.3 2722.0 552.7 510.7 3.9 94.1 226.8 16.2 849.8 639.2 210.6
5838.0 66.8 5527.0 0.0 93.5 906.4 491.4 161.5 253.5 132.1 305.8 12.2 92.6 201.0 1083.0 2213.3 669.4 91.4 15.0 17.1 3.8 240.4 6140.4 184.6 -0.3 0.1 -53.1 238.0 585.8 30.2 1.5 554.1 2951.6 555.7 553.4 3.8 98.9 235.3 19.1 952.2 689.8 262.4
6398.6 61.6 6118.0 0.0 74.2 996.1 581.7 156.7 257.7 140.4 364.6 18.9 108.0 237.7 1150.5 2547.3 704.3 102.2 20.3 18.1 3.3 215.7 6925.0 274.4 0.9 0.0 -20.3 293.8 624.5 26.9 11.2 586.4 3231.3 671.3 568.0 3.4 109.3 244.1 22.2 1176.6 857.0 319.7
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42
43 44
Credit market funds advanced (2) Consumer leases not included above (3)
3056.1 0.0
3175.8 0.0
3450.7 0.0
3761.4 0.0
4080.0 0.0
4433.0 0.0
4625.6 0.0
5019.8 0.0
5407.3 0.0
5980.7 0.0
43 44
(1) Included in other loans and advances (table L.216). (2) Total bank credit (line 3) less security credit (line 18) less corporate equities (line 19) less mutual fund shares (line 20) plus customers’ liability on acceptances (line 21). (3) Receivables from operating leases, such as consumer automobile leases, are booked as current income when payments are received and are not included in financial assets (or household liabilities). The leased automobile is a tangible asset.
FFA, 1995-2004, March 12, 2009
63
L.111 Foreign Banking Offices in U.S. (1)
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27
Total financial assets Reserves at Federal Reserve Total bank credit Open market paper Treasury securities Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds Bank loans n.e.c. Mortgages Security credit Corporate equities Customers’ liab. on acceptances (2) Miscellaneous assets Total liabilities Net interbank liabilities To foreign banks To domestic banks Checkable deposits Small time and savings deposits Large time deposits Federal funds and security RPs (net) Acceptance liabilities Miscellaneous liabilities Foreign direct investment in U.S. Due to affiliates Other Memo:
666.3 0.8 436.9 1.7 62.3 37.3 0.0 33.5 232.6 35.1 34.4 0.0 10.1 218.5 681.3 181.0 173.6 7.5 8.7 8.5 121.0 43.2 10.4 308.5 32.7 50.7 225.1
714.8 1.1 507.0 2.3 80.7 49.7 0.0 36.6 264.8 32.2 40.6 0.0 9.4 197.2 731.9 178.6 162.1 16.5 8.0 8.7 176.6 55.1 9.6 295.2 30.3 64.5 200.5
811.3 2.9 567.2 0.4 95.1 62.2 0.0 41.3 284.0 26.1 58.0 0.0 6.9 234.3 830.8 148.2 144.4 3.8 8.8 13.1 221.3 80.7 7.2 351.5 38.8 78.8 233.9
806.5 1.0 568.7 0.3 84.8 67.4 0.0 46.9 282.4 20.4 66.5 0.0 2.2 234.5 828.8 93.2 92.7 0.4 8.6 9.4 257.6 100.4 2.4 357.3 46.1 90.6 220.6
750.9 1.4 543.0 0.6 94.5 72.4 0.0 42.4 260.0 15.9 57.2 0.0 1.6 204.9 776.4 48.2 41.5 6.7 9.1 7.5 314.8 82.5 2.0 312.2 62.0 93.0 157.2
789.4 0.5 610.2 0.6 94.0 72.7 0.0 50.7 274.6 17.1 100.5 0.0 1.6 177.1 818.4 7.4 -15.5 22.9 8.7 7.2 318.2 134.8 2.0 340.1 64.2 138.7 137.2
791.9 0.6 603.0 0.0 103.8 50.7 0.0 81.3 256.1 17.9 93.3 0.0 1.0 187.2 824.8 -9.3 -50.9 41.6 9.1 11.6 371.5 123.9 1.1 316.9 67.2 108.7 141.0
801.1 1.2 615.0 0.0 116.7 61.6 0.0 81.6 237.5 19.0 98.7 0.0 0.6 184.2 838.4 -51.6 -83.1 31.5 8.4 9.4 346.4 163.4 0.7 361.8 73.3 127.3 161.2
750.2 0.9 599.2 0.0 33.7 53.0 0.0 159.8 225.7 17.5 109.5 0.0 0.6 149.5 792.4 -69.0 -95.3 26.4 9.5 10.2 354.9 157.7 0.6 328.4 85.2 134.7 108.5
632.7 0.7 606.3 0.0 27.8 51.8 0.0 182.2 234.0 16.9 93.7 0.0 0.7 25.0 680.2 -135.8 -167.9 32.1 8.7 9.5 430.3 157.5 0.7 209.2 122.7 167.7 -81.2
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27
28
Credit market funds advanced (3)
412.6
475.8
516.1
504.5
487.4
511.3
510.7
516.9
490.3
513.3
28
(1) Branches and agencies of foreign banks, Edge Act and Agreement corporations, New York investment companies (through 1996:Q2), and American Express Bank. (2) Included in other loans and advances (table L.216). (3) Total bank credit (line 3) less security credit (line 11) less corporate equities (line 12) plus customers’ liability on acceptances (line 13).
64
FFA, 1995-2004, March 12, 2009
L.112 Bank Holding Companies
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19
Total financial assets Credit market instruments Treasury securities Agency- and GSE-backed securities Corporate and foreign bonds Bank loans n.e.c. Miscellaneous assets Investment in bank subsidiaries Investment in nonbank subsidiaries Other Total liabilities Net interbank liabilities To domestic banks To foreign banks Federal funds and security RPs (net) Credit market instruments Commercial paper Corporate bonds Miscellaneous liabilities
466.8 18.0 3.4 4.7 7.7 2.3 448.7 344.3 64.7 39.8 157.1 -14.9 3.5 -18.5 -0.5 148.0 30.1 117.9 24.6
510.8 22.0 4.0 4.9 10.5 2.5 488.9 372.9 64.9 51.1 178.3 -7.9 14.7 -22.6 -0.2 150.0 32.0 118.0 36.3
575.3 27.4 4.0 5.5 15.5 2.4 547.9 413.6 89.9 44.4 218.8 -7.6 14.3 -21.9 -0.2 168.6 37.6 131.0 57.9
685.9 26.5 0.9 6.6 14.8 4.1 659.5 469.0 134.0 56.5 270.6 2.7 23.9 -21.3 0.4 193.5 45.4 148.1 74.1
741.2 32.7 8.8 5.4 15.9 2.6 708.5 471.9 151.3 85.4 314.6 6.7 32.1 -25.4 0.5 219.3 54.5 164.8 88.1
841.9 20.5 0.8 4.8 13.2 1.6 821.4 525.4 189.7 106.3 358.7 12.9 5.8 7.1 -1.1 242.5 55.7 186.8 104.4
942.4 24.7 1.2 6.2 15.3 1.9 917.8 586.1 219.5 112.2 413.4 -2.3 -12.8 10.4 -1.2 266.1 50.6 215.5 150.8
1025.8 27.8 1.3 10.7 12.9 2.9 998.1 639.2 219.3 139.5 473.1 -5.3 -16.4 11.1 1.2 286.4 48.3 238.1 190.9
1153.1 36.4 2.7 11.6 14.2 7.9 1116.7 689.8 265.0 161.9 571.5 6.3 39.4 -33.1 2.1 321.8 42.3 279.5 241.4
1429.0 36.4 2.0 13.5 15.5 5.3 1392.6 857.0 341.3 194.4 661.7 8.0 15.5 -7.5 0.8 381.3 53.1 328.2 271.6
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19
L.113 Banks in U.S.-Affiliated Areas (1)
Billions of dollars
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Total financial assets Checkable deposits and currency Credit market instruments Treasury securities Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds Bank loans n.e.c. Home mortgages Commercial mortgages Miscellaneous assets Total liabilities Checkable deposits Small time and savings deposits Large time deposits Miscellaneous liabilities 39.0 1.6 33.4 5.4 4.0 0.7 0.4 13.1 5.7 4.0 4.0 37.2 6.4 10.2 10.2 10.3 40.3 1.4 34.1 4.1 4.3 0.5 0.3 14.6 6.3 3.9 4.8 38.6 6.9 10.4 10.4 10.9 45.8 1.4 37.8 4.2 6.3 0.5 0.4 15.5 6.4 4.4 6.6 43.7 7.3 10.4 10.4 15.6 55.5 2.0 43.8 3.6 10.2 0.5 1.0 16.3 7.5 4.8 9.7 53.1 8.5 11.4 11.4 21.9 59.2 2.2 48.3 2.8 13.5 0.6 0.5 16.9 8.1 6.0 8.7 56.9 8.5 12.2 12.2 24.1 63.3 1.7 55.0 1.8 17.8 0.7 0.8 18.0 9.1 6.8 6.6 60.4 8.4 13.6 13.6 24.8 80.2 2.8 65.0 1.2 20.3 0.5 1.4 22.5 8.2 11.0 12.5 76.8 11.5 18.1 18.1 29.0 75.2 2.5 66.3 1.5 24.2 0.5 1.1 18.2 9.7 11.2 6.4 71.1 10.4 16.2 16.2 28.3 83.6 2.5 76.9 2.5 28.9 0.6 1.4 18.5 12.2 12.8 4.3 78.6 11.9 17.5 17.5 31.7 99.5 3.5 90.8 3.8 33.6 0.3 1.3 20.3 15.6 15.9 5.2 94.0 13.5 19.0 19.0 42.5 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 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, 1995-2004, March 12, 2009
65
L.114 Savings Institutions (1)
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
Total financial assets Reserves at Federal Reserve Checkable deposits and currency Time and savings deposits Federal funds and security RPs Credit market instruments Open market paper Treasury securities Agency- and GSE-backed securities Mortgage pass-through securities CMOs and other structured MBS Other Municipal securities Corporate and foreign bonds Private mortgage pass-through securities Private CMOs and other structured MBS Other Other loans and advances Mortgages Consumer credit Corporate equities Miscellaneous assets Total liabilities Deposits Checkable Small time and savings Large time Security RPs Credit market instruments Corporate bonds Bank loans n.e.c. Other loans and advances Taxes payable Miscellaneous liabilities Investment by parent Other
1012.8 2.6 15.6 1.1 11.2 913.3 0.2 18.4 164.6 134.8 0.0 29.8 2.0 78.5 24.7 0.0 53.9 12.8 596.8 40.1 14.3 54.7 934.6 727.9 78.5 569.4 80.1 44.5 115.0 3.1 14.6 97.4 1.6 45.5 4.5 41.0
1031.7 2.3 14.2 1.4 10.0 933.2 0.3 17.4 156.1 127.8 0.0 28.3 2.1 68.6 21.0 0.0 47.6 15.7 628.3 44.7 17.8 52.9 950.4 721.4 77.2 557.8 86.4 43.7 140.5 2.7 15.9 121.9 1.1 43.7 4.7 39.0
1028.6 1.7 15.2 1.0 9.2 928.5 0.0 14.6 155.3 124.1 0.0 31.2 2.1 58.7 15.1 0.0 43.6 18.8 631.8 47.2 23.3 49.7 937.4 695.8 71.9 525.8 98.1 41.8 160.3 2.8 19.4 138.0 1.7 37.9 5.0 32.9
1088.6 1.8 18.5 1.5 14.8 965.5 0.0 10.2 143.7 117.2 0.0 26.5 2.5 88.6 13.2 0.0 75.4 24.2 644.0 52.4 24.5 62.1 993.1 693.2 71.1 508.4 113.7 51.3 212.4 2.6 29.7 180.1 2.4 33.8 5.4 28.3
1150.5 1.6 20.6 1.3 10.6 1032.6 0.0 10.1 147.1 115.7 0.0 31.4 3.0 111.9 18.4 0.0 93.6 30.6 668.1 61.7 23.8 60.0 1054.7 699.3 69.0 508.0 122.2 72.7 260.4 2.7 14.0 243.7 1.5 20.8 6.0 14.8
1217.7 1.6 19.0 1.4 14.9 1088.8 0.0 8.7 140.4 109.0 0.0 31.4 3.2 109.4 19.0 0.0 90.4 39.3 723.0 64.8 24.2 67.6 1114.9 726.7 70.3 514.4 142.1 53.1 301.3 6.3 35.0 260.0 2.0 31.8 6.6 25.2
1291.4 2.3 21.0 2.2 20.3 1133.5 0.0 11.4 161.4 115.7 0.0 45.7 4.8 83.9 13.2 0.0 70.7 42.9 758.0 71.1 27.9 84.2 1181.3 773.3 73.5 531.0 168.8 56.9 301.2 3.6 38.5 259.1 3.0 46.8 7.4 39.4
1349.5 2.8 24.8 2.6 20.0 1166.9 0.0 9.2 176.2 132.7 0.0 43.5 5.8 79.9 10.6 0.0 69.3 46.2 781.0 68.7 29.1 103.3 1223.5 840.1 75.3 551.9 212.9 41.6 278.1 3.4 43.0 231.7 2.2 61.5 8.3 53.2
1465.9 3.4 24.8 2.6 12.3 1294.2 0.0 12.2 198.8 113.8 24.3 60.6 6.6 71.9 10.7 5.7 55.5 56.3 870.6 77.9 30.4 98.1 1329.8 924.9 80.7 599.1 245.1 60.9 313.4 5.1 59.0 249.3 2.6 28.0 9.3 18.7
1649.6 3.3 21.3 3.2 9.1 1417.7 0.0 8.4 136.4 90.4 23.4 22.7 7.4 59.2 8.2 40.5 10.5 57.6 1057.4 91.3 28.2 166.7 1495.0 990.3 81.2 584.7 324.5 63.3 404.8 7.6 87.9 309.3 3.6 33.1 10.5 22.6
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
(1) Savings and loan associations, mutual savings banks, and federal savings banks.
66
FFA, 1995-2004, March 12, 2009
L.115 Credit Unions
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Total financial assets Checkable deposits and currency Time and savings deposits Federal funds and security RPs (net) Credit market instruments Open market paper Treasury securities Agency- and GSE-backed securities Corporate and foreign bonds Home mortgages Consumer credit Mutual fund shares Miscellaneous assets Total liabilities Shares/deposits Checkable Small time and savings Large time Other loans and advances Miscellaneous liabilities
310.7 7.4 17.1 6.4 263.0 0.6 18.3 45.7 0.0 66.5 131.9 2.8 13.9 283.7 278.8 30.9 238.9 9.0 0.4 4.5
330.1 7.5 16.4 1.4 288.5 0.3 17.4 50.7 0.0 76.0 144.1 2.6 13.7 300.1 295.1 32.5 251.2 11.4 0.4 4.6
353.8 8.1 17.0 3.5 305.3 0.2 15.6 51.0 0.0 86.0 152.4 2.4 17.6 320.6 315.4 36.6 264.4 14.4 0.6 4.6
391.5 9.1 23.4 6.8 324.2 0.4 13.1 58.4 0.0 96.9 155.4 3.6 24.3 355.3 349.0 43.0 287.5 18.5 1.1 5.2
414.5 26.4 16.6 9.3 351.7 1.9 9.6 61.3 0.0 111.0 167.9 2.5 8.0 376.1 366.7 45.4 299.8 21.6 3.4 6.0
441.1 26.7 15.5 4.0 379.7 1.2 8.2 60.9 0.0 124.9 184.4 2.2 12.9 398.1 389.1 51.3 312.7 25.1 3.4 5.6
505.5 36.8 23.0 2.5 421.2 2.4 7.4 80.6 0.0 141.3 189.6 3.7 18.3 458.9 450.2 54.7 361.3 34.1 4.9 3.8
564.0 38.4 24.6 1.7 465.4 1.5 7.5 79.1 22.1 159.4 195.7 3.5 30.4 512.3 499.7 60.5 396.4 42.8 6.9 5.7
617.2 41.5 27.1 1.6 516.6 0.7 8.8 94.3 24.3 182.6 205.9 4.1 26.3 561.5 545.0 66.5 424.9 53.6 9.1 7.4
654.7 40.2 26.4 4.1 556.4 0.8 8.9 93.1 25.0 213.2 215.4 3.1 24.5 595.2 574.5 74.1 440.4 60.0 11.4 9.3
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
L.116 Property-Casualty Insurance Companies
Billions of dollars
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Total financial assets Checkable deposits and currency Security RPs Credit market instruments Treasury securities Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds Commercial mortgages Corporate equities Mutual fund shares Trade receivables Miscellaneous assets Total liabilities Taxes payable Miscellaneous liabilities 740.3 4.9 37.5 468.7 133.4 48.2 161.0 123.3 2.8 133.5 0.7 57.3 37.8 504.9 3.3 501.6 770.0 3.9 35.4 491.2 120.9 51.0 175.4 141.6 2.4 147.5 1.0 57.2 33.6 513.8 3.9 509.9 843.5 4.2 35.2 515.3 91.1 70.8 191.6 159.5 2.2 184.3 1.7 59.9 42.8 526.7 4.4 522.3 876.4 4.0 42.7 521.1 70.4 69.7 208.1 171.1 2.0 197.9 2.2 61.5 47.0 531.0 3.3 527.7 872.7 4.3 28.3 518.2 60.6 75.5 199.0 181.1 1.9 205.2 2.7 63.6 50.6 537.8 3.4 534.4 862.0 3.7 38.3 509.4 52.1 84.1 184.1 187.5 1.6 191.4 2.9 64.6 51.8 546.4 3.4 543.0 859.9 13.1 30.2 518.4 52.0 94.2 173.8 196.4 1.9 171.0 3.0 69.9 54.4 578.3 3.7 574.6 939.8 25.9 44.4 558.3 61.2 113.2 183.0 198.9 2.0 149.4 3.0 74.8 84.1 612.0 -3.7 615.7 1059.7 34.6 52.8 625.2 64.7 115.4 224.2 218.9 2.1 178.4 4.3 79.3 85.0 668.3 1.0 667.2 1156.5 25.9 63.1 698.8 71.3 112.1 267.8 245.3 2.4 196.6 5.2 79.6 87.3 709.8 1.5 708.3 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
FFA, 1995-2004, March 12, 2009
67
L.117 Life Insurance Companies
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Total financial assets Checkable deposits and currency Money market fund shares Credit market instruments Open market paper Treasury securities Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds Other loans and advances Mortgages Corporate equities Mutual fund shares Miscellaneous assets Total liabilities Other loans and advances Life insurance reserves Pension fund reserves (1) Taxes payable Miscellaneous liabilities
2063.6 5.2 22.8 1587.5 45.5 108.1 242.9 11.9 867.0 99.0 213.1 309.6 33.5 105.1 1953.9 0.5 536.3 890.6 12.0 514.5
2246.3 4.3 61.9 1657.0 48.4 93.2 244.1 13.4 946.2 103.6 208.2 406.9 42.5 73.7 2115.6 1.6 580.1 974.0 12.5 547.4
2514.8 8.1 92.8 1751.1 65.9 85.5 226.7 16.7 1041.7 107.9 206.8 539.7 57.2 65.7 2359.7 1.8 632.7 1116.3 -1.6 610.5
2769.5 5.4 110.4 1828.0 73.4 71.3 217.0 18.4 1124.4 109.9 213.6 683.2 73.2 69.2 2599.7 2.5 684.7 1288.4 -0.1 624.2
3067.9 5.5 131.8 1886.0 75.8 62.8 224.4 20.1 1166.9 105.4 230.8 909.0 98.7 36.9 2882.8 3.2 748.9 1478.4 0.5 651.8
3135.7 5.0 142.3 1943.9 71.2 58.1 235.4 19.1 1214.8 109.3 235.9 891.9 97.0 55.6 2942.8 2.5 782.7 1526.3 0.1 631.2
3224.6 36.8 173.3 2074.8 59.3 53.7 253.5 18.7 1334.3 112.2 243.0 811.3 88.3 40.1 3034.8 3.1 842.2 1558.5 -0.3 631.2
3335.0 35.3 159.8 2307.8 74.0 78.5 330.9 19.9 1440.0 114.4 250.0 708.9 76.6 46.8 3140.4 5.1 881.6 1604.9 -7.7 656.5
3772.8 47.3 151.4 2488.3 55.9 71.8 348.9 26.1 1610.5 114.2 260.9 919.3 91.7 74.7 3539.4 8.0 972.7 1803.2 -5.8 761.3
4130.3 53.3 120.7 2661.4 48.2 78.5 357.1 30.1 1756.3 117.8 273.3 1053.9 114.4 126.6 3869.7 11.1 1018.8 2027.9 -2.7 814.7
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities (line 20).
L.118 Private Pension Funds (1)
Billions of dollars
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Total financial assets Checkable deposits and currency Time and savings deposits Money market fund shares Security RPs Credit market instruments Open market paper Treasury securities Agency- and GSE-backed securities Corporate and foreign bonds Mortgages Corporate equities Mutual fund shares Miscellaneous assets Unallocated insurance contracts (2) Contributions receivable Other Pension fund reserves (liabilities) (3) 2898.8 4.9 110.2 37.9 22.4 608.4 24.8 120.8 213.1 241.1 8.6 1256.8 357.0 501.2 322.2 83.8 95.3 2939.4 3224.4 5.6 119.1 49.1 27.3 602.3 30.8 116.0 201.8 244.5 9.3 1403.1 472.7 545.2 341.0 89.2 115.1 3268.5 3712.9 7.0 130.1 62.5 28.5 646.8 32.3 118.0 207.9 278.5 10.1 1603.7 660.1 574.2 351.7 97.6 124.9 3759.9 4143.9 6.1 159.9 64.8 29.7 639.7 35.5 104.8 190.7 298.9 9.9 1869.2 790.0 584.5 344.3 110.5 129.7 4198.1 4593.8 7.4 120.6 76.9 31.6 746.9 41.4 121.5 230.3 341.9 11.7 1966.2 1056.5 587.6 346.0 92.1 149.5 4651.5 4467.5 10.8 97.7 81.1 26.5 621.9 35.3 111.6 197.4 265.7 11.9 1970.6 1131.6 527.3 308.2 73.0 146.2 4508.1 4048.2 9.9 61.3 75.1 17.7 585.8 27.0 104.0 202.5 242.5 9.8 1908.6 962.9 426.8 275.8 48.4 102.6 4094.7 3677.2 10.2 57.4 84.5 19.0 577.3 29.2 100.6 183.2 253.9 10.3 1588.6 931.9 408.4 249.6 49.9 108.9 3719.2 4520.1 10.3 60.4 84.3 20.5 646.5 26.0 113.9 221.4 274.8 10.2 2096.6 1126.9 474.8 317.0 49.8 108.0 4561.6 4915.2 10.5 55.8 84.9 26.5 646.1 26.4 109.8 232.8 267.1 10.0 2333.5 1278.2 479.6 328.4 46.6 104.5 4955.8 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18
(1) Private defined benefit plans and defined contribution plans (including 401(k) type plans). (2) Assets of private pension plans held at life insurance companies (e.g., GICs, variable annuities); series begins 1985:Q4. (3) Equal to the value of tangible and financial assets. These liabilities are assets of the household sector.
68
FFA, 1995-2004, March 12, 2009
L.119 State and Local Government Employee Retirement Funds
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
Total financial assets Checkable deposits and currency Time and savings deposits Money market fund shares Security RPs Credit market instruments Open market paper Treasury securities Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds Mortgages Corporate equities Mutual fund shares Miscellaneous assets Pension fund reserves (liabilities) (1)
1327.1 4.2 4.5 5.9 31.5 509.8 31.5 208.2 63.1 1.8 189.2 15.9 703.5 62.9 4.8 1344.2
1509.2 7.5 2.3 7.6 28.2 538.4 28.2 212.8 68.6 0.6 211.4 16.7 846.6 73.2 5.5 1529.2
1794.5 5.3 2.4 9.6 28.6 598.3 28.6 219.0 87.0 1.5 244.5 17.6 1051.3 93.4 5.6 1819.5
2030.6 10.0 2.0 9.9 37.5 661.5 37.5 212.6 106.1 3.3 279.6 22.4 1188.1 115.9 5.8 2061.9
2325.8 9.2 1.7 11.8 40.4 707.0 40.4 198.8 129.0 3.0 310.0 25.7 1407.7 140.9 7.1 2361.3
2293.1 9.9 1.6 13.2 39.8 743.2 47.3 179.1 178.9 1.7 314.2 22.1 1298.7 178.3 8.2 2335.0
2206.6 11.4 1.8 15.4 34.0 689.4 51.3 155.1 180.7 1.7 279.7 21.0 1260.4 184.3 10.0 2253.5
1930.5 12.9 1.7 15.5 27.1 638.7 48.0 158.9 192.6 0.9 217.3 21.1 1056.8 167.4 10.4 1980.0
2349.2 13.7 0.8 13.4 23.4 657.5 41.6 148.6 235.1 4.4 207.4 20.4 1421.0 207.9 11.3 2399.1
2577.5 16.3 1.4 11.6 20.2 675.3 35.2 151.0 258.8 1.8 213.5 15.1 1600.9 235.9 15.9 2625.6
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
(1) Equal to the value of tangible and financial assets. These liabilities are assets of the household sector.
L.120 Federal Government Retirement Funds (1)
Billions of dollars
1 2 3 4 5 6 7 8 Total financial assets Credit market instruments Treasury securities Agency- and GSE-backed securities Corporate and foreign bonds Corporate equities Miscellaneous assets (2) Pension fund reserves (liabilities) (3) 541.1 23.3 22.2 0.6 0.5 11.5 506.3 541.1 605.8 25.6 24.4 0.7 0.5 18.8 561.4 605.8 659.1 27.5 26.1 0.7 0.6 29.9 601.7 659.1 716.0 30.2 28.5 1.0 0.7 43.0 642.9 716.0 774.0 33.1 31.4 0.9 0.7 56.9 684.0 774.0 796.7 35.1 33.4 1.0 0.7 56.6 704.9 796.7 859.7 44.8 40.6 2.6 1.6 49.1 765.8 859.7 893.8 57.6 50.2 4.6 2.8 45.9 790.3 893.8 958.5 63.6 55.3 5.1 3.2 79.9 815.0 958.5 1023.3 68.2 60.7 4.6 3.0 99.2 855.9 1023.3 1 2 3 4 5 6 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, 1995-2004, March 12, 2009
69
L.121 Money Market Mutual Funds (1)
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13
Total financial assets Foreign deposits Checkable deposits and currency Time and savings deposits Security RPs Credit market instruments Open market paper Treasury securities Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds Miscellaneous assets Total shares outstanding (liabilities)
741.3 19.7 -3.5 52.3 87.8 545.5 235.5 70.0 90.8 127.7 21.5 39.4 741.3
886.7 23.1 -1.1 82.7 103.8 634.3 273.9 90.2 101.8 144.5 23.9 43.8 886.7
1042.5 23.2 1.5 111.3 126.6 721.9 336.0 86.2 96.3 167.0 36.4 58.1 1042.5
1327.9 30.1 -1.0 123.9 138.8 970.5 415.1 107.9 172.4 192.8 82.2 65.7 1327.9
1579.6 41.1 -3.3 155.4 140.5 1155.3 525.3 103.8 191.1 210.4 124.8 90.6 1579.6
1812.1 87.2 1.5 154.8 182.8 1317.5 620.4 91.6 182.9 242.5 180.2 68.3 1812.1
2240.6 115.0 5.4 244.0 226.2 1584.9 623.7 137.5 324.4 276.7 222.5 65.1 2240.6
2223.9 108.1 -1.4 220.2 273.4 1567.1 585.2 142.2 333.1 278.5 228.1 56.5 2223.9
2016.4 71.5 -2.1 166.8 252.6 1471.3 459.9 132.1 328.6 292.1 258.7 56.2 2016.4
1879.8 78.5 0.6 167.2 234.0 1346.3 405.8 98.2 267.5 313.8 261.0 53.3 1879.8
1 2 3 4 5 6 7 8 9 10 11 12 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 2 3 4 5 6 7 8 9 10 11 12 Total financial assets Security RPs Credit market instruments Open market paper Treasury securities Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds Other loans and advances Corporate equities Miscellaneous assets Total shares outstanding (liabilities) 1852.8 50.2 771.3 50.2 143.8 171.3 210.2 185.5 10.2 1024.9 6.3 1852.8 2342.4 47.5 820.2 47.2 125.8 204.4 213.3 218.5 11.0 1470.0 4.7 2342.4 2989.4 57.8 901.1 57.8 136.4 213.3 219.8 259.4 14.4 2018.7 11.8 2989.4 3613.1 70.9 1028.4 70.9 141.0 234.9 242.6 322.0 17.1 2506.2 7.7 3613.1 4538.5 80.8 1076.8 80.8 117.3 271.1 239.4 348.2 19.9 3376.7 4.2 4538.5 4433.1 99.6 1103.1 99.6 127.4 283.7 230.4 337.7 24.3 3226.9 3.5 4433.1 4135.4 70.7 1229.7 70.7 117.6 368.3 253.0 403.1 17.0 2834.0 0.9 4135.4 3638.4 81.6 1368.4 63.1 134.8 422.4 277.3 453.4 17.5 2187.4 0.9 3638.4 4654.2 94.5 1506.4 76.2 144.2 447.5 290.2 532.0 16.4 3051.3 2.0 4654.2 5436.3 112.6 1623.0 94.2 149.0 462.7 294.3 596.8 26.0 3693.6 7.0 5436.3 1 2 3 4 5 6 7 8 9 10 11 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 2 3 4 5 6 7 Total financial assets Credit market instruments Treasury securities Municipal securities Corporate and foreign bonds Corporate equities Total shares outstanding (liabilities) Exchange-traded funds 8 9 10 11 12 13 Total financial assets Credit market instruments Treasury securities Corporate and foreign bonds Corporate equities Total shares outstanding (liabilities) 1.1 0.0 0.0 0.0 1.1 1.1 2.4 0.0 0.0 0.0 2.4 2.4 6.7 0.0 0.0 0.0 6.7 6.7 15.6 0.0 0.0 0.0 15.6 15.6 33.9 0.0 0.0 0.0 33.9 33.9 65.6 0.0 0.0 0.0 65.6 65.6 83.0 0.0 0.0 0.0 83.0 83.0 102.0 3.7 2.0 1.8 98.2 102.0 150.8 4.5 2.1 2.4 146.3 150.8 227.3 8.2 4.9 3.3 219.0 227.3 8 9 10 11 12 13 136.4 94.5 11.1 58.2 25.2 41.9 136.4 144.4 97.4 11.2 59.1 27.1 47.0 144.4 145.9 96.3 9.8 59.4 27.1 49.6 145.9 148.8 101.2 8.8 60.7 31.8 47.6 148.8 152.1 110.8 7.6 69.7 33.5 41.3 152.1 141.9 105.3 6.7 67.7 30.9 36.6 141.9 139.5 108.5 6.7 74.7 27.1 31.1 139.5 150.8 117.1 3.9 86.0 27.1 33.7 150.8 205.6 152.6 4.6 89.3 58.8 53.0 205.6 245.9 163.6 6.8 89.1 67.6 82.3 245.9 1 2 3 4 5 6 7
70
FFA, 1995-2004, March 12, 2009
L.124 Government-Sponsored Enterprises (GSEs) (1)
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
Total financial assets Checkable deposits and currency Time and savings deposits Federal funds and security RPs (net) Credit market instruments Open market paper Treasury securities Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds Other loans and advances Sallie Mae Farm Credit System FHLB Mortgages Home Multifamily residential Farm Consumer credit (2) Miscellaneous assets Total liabilities Credit market instruments GSE issues (3) U.S. government loans Miscellaneous liabilities
897.4 1.5 0.0 106.3 762.8 25.5 58.0 190.8 7.8 29.9 166.0 3.5 30.2 132.3 250.4 209.5 18.5 22.5 34.3 26.9 872.1 807.0 807.0 0.0 65.1
989.2 0.8 0.0 94.5 833.8 35.1 18.8 256.6 12.1 38.1 195.3 2.4 31.6 161.4 244.1 202.9 17.7 23.5 33.8 60.1 963.1 897.4 897.4 0.0 65.7
1100.8 2.1 6.4 90.4 934.2 27.6 25.9 324.2 12.7 44.1 230.7 1.4 31.6 197.8 239.4 198.2 16.2 25.0 29.5 67.7 1071.1 996.5 996.5 0.0 74.6
1405.8 5.0 4.7 77.0 1251.5 56.2 25.2 482.7 19.2 68.7 324.2 1.1 34.9 288.2 247.0 203.9 16.2 27.0 28.4 67.6 1371.0 1275.4 1275.4 0.0 95.6
1723.2 12.1 10.0 89.7 1538.8 23.9 30.9 655.6 22.7 97.5 432.3 0.8 35.8 395.7 242.0 193.5 20.5 28.1 33.8 72.5 1684.3 1594.2 1594.2 0.0 90.1
1965.0 4.4 22.2 80.6 1794.4 31.1 13.3 806.7 29.2 135.3 477.6 0.8 38.9 437.9 264.3 209.6 25.0 29.7 37.0 63.4 1920.5 1826.4 1826.4 0.0 94.0
2309.4 6.7 30.3 104.4 2099.1 33.8 13.6 996.8 35.4 176.7 505.9 0.8 41.8 463.3 297.5 231.2 33.2 33.1 39.4 68.9 2272.0 2130.6 2130.6 0.0 141.5
2549.4 14.8 25.3 95.3 2323.2 10.4 25.7 1111.7 39.4 227.1 514.7 0.4 43.8 470.5 357.3 276.8 41.7 38.8 36.9 90.9 2519.6 2350.4 2350.4 0.0 169.2
2794.4 28.8 16.7 75.3 2564.2 6.7 13.5 1034.3 44.4 277.4 545.8 0.3 43.8 501.7 621.5 514.7 68.2 38.7 20.6 109.4 2747.1 2601.3 2601.3 0.0 145.8
2882.9 39.1 23.3 93.6 2613.0 5.8 12.9 886.5 44.6 414.8 619.4 0.0 43.6 575.8 629.0 508.0 82.5 38.6 0.0 113.9 2818.0 2676.3 2676.3 0.0 141.7
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
(1) Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System, the Financing Corporation, and the Resolution Funding Corporation. The Student Loan Marketing Association (Sallie Mae) was included until it was fully privatized in 2004:Q4. (2) Sallie Mae student loans. (3) Such issues are classified as agency- and GSE-backed securities.
L.125 Agency- and GSE-backed Mortgage Pools (1)
Billions of dollars
1 2 3 4 5 6 Total financial assets Home mortgages Multifamily residential mortgages Commercial mortgages Farm mortgages Total pool securities (liabilities)(2) 1570.7 1543.4 26.9 0.0 0.4 1570.7 1711.7 1678.8 32.5 0.0 0.4 1711.7 1826.3 1788.1 37.8 0.0 0.4 1826.3 2019.0 1970.2 48.3 0.0 0.5 2019.0 2293.5 2234.7 57.5 0.0 1.3 2293.5 2493.2 2425.6 66.0 0.0 1.6 2493.2 2831.8 2748.5 81.6 0.0 1.7 2831.8 3158.6 3063.7 94.5 0.0 0.4 3158.6 3326.7 3211.2 114.5 0.0 1.0 3326.7 3374.6 3256.3 117.4 0.0 0.9 3374.6 1 2 3 4 5 6
(1) GNMA, Fannie Mae, Freddie Mac, FAMC, and Farmers Home Administration pools. Also includes agency- and GSE-backed mortgage pool securities which are used as collateral for agency- and GSE-backed CMOs and privately issued CMOs. Excludes Federal Financing Bank holdings of pool securities, which are included with federal government mortgages and other loans and advances. (2) Such issues are classified as agency- and GSE-backed securities.
FFA, 1995-2004, March 12, 2009
71
L.126 Issuers of Asset-Backed Securities (ABS)
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13
Total financial assets Treasury securities Agency- and GSE-backed securities (1) Other loans and advances Mortgages (2) Home Multifamily residential Commercial Consumer credit Trade credit Total liabilities Commercial paper Corporate bonds (net) (5) Memo: Securitized assets not included above Consumer leases (3) REIT assets (4)
662.9 0.0 120.8 30.0 248.1 193.8 12.0 42.4 213.1 50.9 666.4 101.2 565.1
772.3 0.0 114.8 38.3 285.6 215.4 15.9 54.4 273.5 60.1 781.0 146.7 634.3
907.5 0.0 93.0 64.6 348.5 253.8 20.6 74.0 320.5 81.0 918.3 256.1 662.2
1163.8 0.0 116.3 90.3 478.4 321.9 33.5 123.0 393.9 85.0 1176.4 381.8 794.6
1320.4 0.0 154.4 90.1 551.9 353.7 42.2 156.1 456.7 67.2 1330.1 520.8 809.3
1497.0 0.1 162.9 104.2 618.0 385.5 47.5 185.0 528.4 83.3 1503.6 645.8 857.7
1754.6 0.5 196.5 130.5 740.0 463.2 53.4 223.4 598.0 89.1 1761.5 607.8 1153.6
1976.9 0.9 271.9 136.6 850.7 543.6 58.7 248.4 633.3 83.5 1982.6 566.1 1416.6
2211.7 2.8 354.9 141.7 1023.4 665.7 66.6 291.0 596.8 92.2 2217.2 529.4 1687.8
2649.8 8.0 350.5 161.9 1455.5 1045.7 73.1 336.7 571.5 102.3 2654.6 525.3 2129.3
1 2 3 4 5 6 7 8 9 10 11 12 13
14 15
3.5 7.6
8.7 7.4
10.8 11.1
12.7 13.9
9.7 11.7
6.6 10.0
6.8 6.8
5.7 14.8
5.5 30.3
4.8 91.1
14 15
(1) Agency- and GSE-backed mortgage pool securities backing privately issued CMOs. (2) Mortgages backing privately issued pool securities and privately issued CMOs. (3) Receivables from operating leases, such as consumer automobile leases, are booked as current income when payments are received and are not included in financial assets (or household liabilities). The leased automobile is a tangible asset. (4) Included in table L.128. (5) Liabilities net of assets.
L.127 Finance Companies (1)
Billions of dollars
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 Total financial assets Checkable deposits and currency Time and savings deposits Credit market instruments Corporate and foreign bonds Other loans and advances Mortgages Consumer credit Miscellaneous assets Total liabilities Credit market instruments Open market paper Corporate bonds Bank loans n.e.c. Taxes payable Miscellaneous liabilities Foreign direct investment in U.S. Investment by parent Other Memo: Consumer leases not included above (2) 705.4 16.3 16.3 654.6 95.3 301.6 105.5 152.1 18.2 724.2 500.4 168.6 300.0 31.8 4.9 218.9 24.8 51.1 143.0 757.9 19.0 19.0 697.1 110.8 304.7 126.7 154.9 22.9 783.3 555.1 178.0 336.8 40.3 5.7 222.6 29.7 54.6 138.4 799.3 18.6 22.7 720.8 120.5 304.1 128.6 167.5 37.3 812.9 584.4 202.6 341.5 40.3 6.5 222.0 35.7 63.1 123.2 859.5 19.6 24.0 812.8 127.6 340.9 160.9 183.3 3.1 864.2 645.3 233.3 365.6 46.3 7.3 211.6 37.2 54.0 120.4 1016.7 21.2 31.7 946.6 154.6 395.1 195.3 201.6 17.2 1012.7 720.9 230.4 430.3 60.1 8.1 283.7 48.6 112.5 122.6 1212.9 23.7 35.6 1101.9 173.4 456.2 237.9 234.4 51.7 1233.7 807.1 240.1 503.3 63.8 9.1 417.6 63.2 138.6 215.7 1304.0 23.0 42.8 1170.7 192.4 440.2 258.2 280.0 67.5 1299.7 818.0 162.4 571.3 84.3 10.2 471.5 68.6 156.5 246.3 1445.6 25.2 46.8 1292.5 210.5 444.0 330.5 307.5 81.1 1435.1 884.2 147.8 635.3 101.1 11.6 539.2 49.9 179.6 309.8 1679.5 27.1 63.2 1468.7 263.8 441.7 370.2 393.0 120.5 1674.9 995.3 145.1 743.2 106.9 13.2 666.4 68.1 202.8 395.4 1858.0 26.3 61.3 1675.9 256.0 451.5 476.0 492.3 94.5 1864.3 1129.6 175.3 817.4 136.9 15.0 719.6 71.4 257.7 390.5 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19
20
80.8
93.2
98.8
96.6
102.9
109.4
107.4
89.8
79.0
74.1
20
(1) Includes retail captive finance companies and mortgage companies. (2) See footnote (3), table L.126.
72
FFA, 1995-2004, March 12, 2009
L.128 Real Estate Investment Trusts (REITs)
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18
Total financial assets Checkable deposits and currency Credit market instruments Agency- and GSE-backed securities Corporate and foreign bonds Mortgages Home Multifamily residential Commercial Miscellaneous assets Total liabilities Security RPs Credit market instruments Open market paper Corporate bonds Bank loans n.e.c. Mortgages Miscellaneous liabilities Memo: Securitized assets included above Agency- and GSE-backed securities Home mortgages Multifamily residential mortgages Commercial mortgages
33.3 0.0 26.0 9.0 2.9 14.1 6.9 1.6 5.6 7.3 62.2 10.9 44.6 0.0 15.5 5.0 24.1 6.7
38.2 2.2 30.4 12.2 4.3 13.8 8.0 1.2 4.6 5.6 79.4 13.7 56.5 0.0 16.8 7.8 31.9 9.2
64.3 3.3 50.6 21.2 6.5 22.9 14.0 2.1 6.9 10.5 139.0 24.9 96.1 0.0 31.6 17.6 46.8 18.0
70.7 4.1 45.5 13.1 6.1 26.3 14.8 2.1 9.4 21.2 205.6 15.1 158.8 0.2 53.4 33.6 71.6 31.6
69.0 4.4 44.6 14.5 6.0 24.1 11.8 2.4 9.9 20.0 216.4 14.9 165.4 0.0 65.1 21.8 78.5 36.2
66.4 4.4 39.3 15.0 5.6 18.7 8.5 2.2 8.0 22.7 218.3 12.4 168.0 0.0 67.0 17.6 83.4 38.0
76.4 5.5 48.0 22.0 7.9 18.0 8.7 1.8 7.6 22.9 230.9 21.6 171.2 0.0 71.4 14.3 85.6 38.0
100.6 5.4 70.2 31.8 10.4 28.0 18.7 1.3 8.1 25.0 275.0 36.2 198.1 0.0 87.3 14.4 96.5 40.7
134.9 9.3 96.4 28.9 18.8 48.7 37.1 1.6 10.1 29.2 314.1 41.7 230.3 0.0 110.9 14.7 104.7 42.2
251.3 12.2 198.6 44.7 36.0 118.0 102.9 1.6 13.5 40.4 459.3 69.2 340.2 0.0 193.4 16.2 130.6 50.0
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18
19 20 21 22 23
7.6 4.2 3.5 0.0 0.0
7.4 4.5 2.6 0.3 0.0
11.1 4.9 5.7 0.4 0.0
13.9 5.0 7.5 0.8 0.6
11.7 3.7 5.6 0.5 1.9
10.0 3.5 5.3 0.1 1.1
6.8 0.3 5.5 0.1 0.8
14.8 0.0 13.2 0.1 1.4
30.3 0.0 28.9 0.1 1.3
91.1 0.0 87.9 0.1 3.1
19 20 21 22 23
FFA, 1995-2004, March 12, 2009
73
L.129 Security Brokers and Dealers
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26
Total financial assets Checkable deposits and currency Credit market instruments Open market paper Treasury securities Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds Other loans and advances Corporate equities Security credit Miscellaneous assets Total liabilities Security RPs (net) Credit market instruments Corporate bonds Bank loans n.e.c. (1) Trade payables Security credit Customer credit balances (HH) From banks Taxes payable Miscellaneous liabilities Foreign direct investment in U.S. Due to affiliates Other
568.1 13.7 183.4 22.1 18.3 54.0 12.7 73.8 2.6 34.2 78.6 258.2 535.5 182.4 29.3 29.3 0.0 10.3 227.1 127.6 99.5 1.1 85.4 11.1 146.3 -72.0
636.4 15.7 167.7 23.7 -12.8 55.2 10.8 86.9 3.9 37.9 94.4 320.7 597.5 180.9 27.3 27.3 0.0 14.3 263.7 162.9 100.8 1.3 110.1 8.8 194.9 -93.6
779.2 21.7 182.6 24.3 -5.3 50.4 13.2 92.6 7.4 51.9 131.2 391.8 729.2 203.5 35.3 35.3 0.0 19.9 337.9 215.5 122.5 1.3 131.1 8.5 259.0 -136.3
921.2 25.4 189.4 28.0 15.8 50.9 13.1 74.7 6.7 54.4 152.8 499.3 866.8 208.2 42.5 42.5 0.0 18.9 419.5 276.7 142.8 1.3 176.4 10.7 378.4 -212.7
1001.0 28.7 154.7 26.0 -42.6 66.0 11.9 86.6 6.8 66.9 227.9 522.8 935.8 245.2 25.3 25.3 0.0 30.9 448.7 323.9 124.8 2.2 183.6 13.9 457.3 -287.6
1221.4 30.3 223.6 39.2 -3.3 63.7 11.3 103.8 8.9 77.2 235.1 655.1 1151.4 302.2 40.9 40.9 0.0 35.9 587.6 412.4 175.2 2.1 182.7 20.1 484.4 -321.8
1465.6 47.1 316.0 48.2 9.8 77.8 19.0 151.0 10.3 85.1 196.4 821.0 1440.8 353.2 42.3 42.3 0.0 39.2 629.5 454.3 175.2 1.9 374.6 72.2 455.1 -152.6
1335.4 44.2 344.4 43.5 -3.9 91.8 21.0 183.1 8.9 74.9 148.2 723.7 1315.9 344.2 40.6 40.6 0.0 37.4 590.6 412.7 177.9 1.3 301.7 78.6 454.8 -231.6
1613.0 47.2 424.1 49.4 37.8 83.7 24.9 219.3 9.0 100.5 182.5 858.8 1589.9 490.4 47.0 47.0 0.0 28.2 676.3 475.4 200.9 1.8 346.3 87.3 481.8 -222.8
1844.9 62.9 394.9 48.0 -44.6 107.3 32.0 238.0 14.2 129.1 264.0 994.0 1823.1 526.9 62.2 62.2 0.0 36.0 774.2 578.3 195.8 2.2 421.7 94.9 531.1 -204.4
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26
(1) Loans extended through the Federal Reserve’s Primary Dealer Credit Facility and the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF).
L.130 Funding Corporations (1)
Billions of dollars
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Total financial assets Money market fund shares Credit market instruments Open market paper Corporate and foreign bonds Other loans and advances Miscellaneous assets (2) Investment in foreign banking offices Investment in brokers and dealers Total liabilities Credit market instruments Open market paper Corporate bonds Bank loans n.e.c. (3) Miscellaneous liabilities Foreign direct investment in U.S. Securities loaned (net) Other 383.9 109.5 108.9 84.2 23.8 0.9 165.5 50.7 114.8 383.9 248.6 164.2 84.4 0.0 135.3 -82.2 216.2 1.3 488.8 135.5 122.7 83.7 36.5 2.4 230.7 64.5 166.3 488.8 312.4 198.8 113.6 0.0 176.5 -79.2 276.1 -20.3 605.8 142.3 175.5 139.0 33.1 3.4 288.0 78.8 209.2 605.8 372.6 228.5 144.2 0.0 233.2 -81.2 333.3 -18.9 750.3 223.1 178.5 136.5 37.6 4.4 348.7 90.6 258.2 750.3 412.6 234.4 178.2 0.0 337.8 -59.5 403.3 -6.0 1061.5 288.2 284.5 243.9 33.8 6.8 488.9 93.0 395.8 1061.5 504.2 268.6 235.5 0.0 557.4 -8.5 419.5 146.3 1171.8 309.9 312.7 278.3 24.9 9.5 549.2 138.7 410.5 1171.8 502.6 265.1 237.5 0.0 669.2 56.1 508.2 104.9 1161.9 430.4 234.8 154.7 70.8 9.4 496.6 108.7 387.9 1161.9 531.9 272.2 259.7 0.0 629.9 -25.9 578.3 77.6 1084.1 420.4 131.6 67.0 56.4 8.2 532.1 127.3 404.8 1084.1 521.2 231.1 290.1 0.0 562.9 19.1 575.4 -31.6 1064.8 362.9 159.3 40.6 111.3 7.3 542.7 134.7 408.0 1064.8 519.3 213.7 305.5 0.0 545.6 30.7 678.0 -163.1 1083.7 275.6 205.9 102.1 96.8 7.0 602.2 167.7 434.5 1083.7 517.1 199.3 317.7 0.0 566.6 92.1 764.8 -290.3 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18
(1) Funding subsidiaries, nonbank financial holding companies, and custodial accounts for reinvested collateral of securities lending operations. (2) Due from affiliated companies. (3) Loans extended by the Federal Reserve to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, Commercial Paper Funding Facility LLC, and American International Group (AIG).
74
FFA, 1995-2004, March 12, 2009
L.200 Gold and Official Foreign Exchange Holdings (1)
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11
Total U.S. reserves U.S. gold stock and SDRs Federal govt.: Exchange Stab. Fund Monetary authority (2) U.S. foreign exchange position Official foreign currency holdings Treasury Monetary authority Net IMF position Federal government Monetary authority
85.8 22.1 11.0 11.1 63.7 49.1 28.0 21.1 14.6 14.7 -0.1
75.1 21.4 10.3 11.0 53.7 38.3 19.0 19.3 15.4 15.5 -0.1
70.0 21.1 10.0 11.0 48.9 30.8 13.8 17.0 18.1 18.2 -0.1
81.8 21.6 10.6 11.0 60.1 36.0 16.2 19.8 24.1 24.2 -0.1
71.5 21.4 10.3 11.0 50.1 32.2 16.0 16.1 18.0 18.1 -0.1
67.6 21.6 10.5 11.0 46.1 31.2 15.6 15.7 14.8 14.9 -0.1
68.7 21.8 10.8 11.0 46.8 29.0 14.4 14.6 17.9 18.0 -0.1
79.0 23.2 12.2 11.0 55.8 33.8 16.9 16.9 22.0 22.1 -0.1
85.9 23.7 12.6 11.0 62.3 39.7 19.9 19.9 22.5 22.7 -0.1
86.8 24.6 13.6 11.0 62.2 42.7 21.4 21.4 19.5 19.6 -0.1
1 2 3 4 5 6 7 8 9 10 11
(1) Lines 1, 2, and 3 include increases in SDRs through allocations, which occurred at various dates beginning January 1970. Also included in the table are revaluations of foreign currency holdings, gold, SDRs, and IMF position. These allocations and revaluations are excluded from tables on flows. (2) Treasury gold stock.
L.201 SDR Certificates and Treasury Currency
Billions of dollars
SDR certificates: 1 2 Liab: Federal government Asset: Monetary authority Treasury currency: 3 4 5 Liab: Federal government Asset: Monetary authority Discrepancy (seigniorage) 18.3 24.0 -5.7 18.9 25.0 -6.1 19.3 25.5 -6.2 19.9 26.3 -6.4 20.9 28.0 -7.1 23.2 31.6 -8.5 24.5 33.0 -8.6 25.5 34.6 -9.1 26.0 35.5 -9.5 26.7 36.4 -9.7 3 4 5 10.2 10.2 9.7 9.7 9.2 9.2 9.2 9.2 6.2 6.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 1 2
L.202 U.S. Deposits in Foreign Countries
Billions of dollars
1 Total rest of the world liability Held by: Household sector Nonfinancial corporate business Money market mutual funds Discrepancy--unallocated assets 418.8 521.7 618.5 627.6 676.5 803.3 810.1 831.1 867.1 957.0 1
2 3 4 5
23.4 17.4 19.7 358.4
35.5 28.2 23.1 434.9
37.2 23.1 23.2 535.0
37.7 30.5 30.1 529.2
40.7 31.5 41.1 563.3
48.3 24.0 87.2 643.8
48.7 15.5 115.0 630.9
49.9 20.6 108.1 652.5
52.1 38.1 71.5 705.3
57.5 53.7 78.5 767.2
2 3 4 5
FFA, 1995-2004, March 12, 2009
75
L.203 Net Interbank Transactions
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26
Total liabilities Monetary authority Depository institution reserves Vault cash Commercial banking To monetary authority To banks in foreign countries, net Liabilities, net U.S.-chartered commercial banks Due to foreign affiliates - Due from foreign affiliates Foreign banking offices in U.S. Due to foreign affiliates - Due from foreign affiliates Bank holding companies Due to foreign affiliates - Due from foreign affiliates Less: Deposits at foreign banks U.S. chartered commercial banks Foreign banking offices in U.S. To U.S. banking, net U.S.-chartered commercial banks Liabilities To foreign offices in U.S. To bank holding companies Unallocated Less, due from: Foreign offices in U.S. Bank holding companies Foreign banking offices in U.S. Due to U.S. banks - Due from U.S. banks Bank holding companies Due to U.S. banks - Due from U.S. banks Total assets Rest of the world Domestic Monetary authority Federal Reserve float Loans to member banks Commercial banking Reserves at Federal Reserve Vault cash Savings insts.: Reserves at Fed. Res. Discrepancy--floats, etc.
290.8 70.2 29.6 40.6 220.6 0.2 229.3 239.7 79.6 128.7 49.1 178.6 99.9 -78.7 -18.5 3.0 21.4 10.4 5.4 5.0 -8.9 -19.9 43.4 51.5 0.8 -8.9
240.8 69.7 24.5 45.2 171.1 4.4 177.3 192.9 48.5 126.8 78.4 167.1 110.4 -56.6 -22.6 2.7 25.3 15.6 10.6 5.0 -10.6 -41.8 38.3 48.4 0.5 -10.6
219.4 75.8 30.8 45.0 143.6 2.8 173.0 188.8 62.0 173.1 111.1 148.6 99.7 -48.8 -21.9 3.0 24.9 15.8 11.7 4.1 -32.1 -50.2 22.0 53.8 0.3 -32.1
189.5 68.4 26.3 42.1 121.1 1.7 145.9 156.7 85.1 196.7 111.6 92.9 133.0 40.1 -21.3 2.9 24.2 10.8 10.6 0.2 -26.5 -50.8 30.3 55.8 0.9 -26.5
205.5 90.6 24.0 66.6 114.9 -0.0 140.3 149.8 133.5 226.7 93.2 41.7 147.9 106.2 -25.4 8.3 33.8 9.5 9.4 0.2 -25.3 -64.1 47.6 72.2 0.6 -25.3
221.3 63.4 19.0 44.4 157.8 1.0 161.1 171.6 179.3 302.0 122.7 -14.8 133.6 148.4 7.1 39.3 32.2 10.5 9.8 0.7 -4.3 -33.0 59.4 63.1 0.6 -4.3
191.4 64.8 17.5 47.3 126.6 0.0 115.5 127.3 167.0 324.8 157.8 -50.2 163.3 213.5 10.4 51.4 41.0 11.8 11.1 0.7 11.1 -17.7 59.7 47.9 0.7 11.1
206.0 70.4 22.5 47.8 135.7 0.5 119.7 141.1 213.1 323.9 110.8 -83.0 176.2 259.3 11.1 53.4 42.4 21.4 21.3 0.1 15.5 0.3 76.0 58.8 1.7 15.5
193.0 71.0 23.1 48.0 122.0 -0.3 109.6 128.5 256.7 433.6 176.9 -95.2 197.4 292.6 -33.1 13.2 46.3 18.9 18.7 0.1 12.7 -53.1 86.0 71.7 1.6 12.7
212.2 65.6 24.0 41.5 146.6 1.0 118.3 142.4 317.4 467.4 150.0 -167.4 274.3 441.8 -7.5 33.0 40.5 24.1 23.6 0.5 27.3 -20.3 119.3 90.1 1.8 27.3
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26
27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45
58.9 4.4 7.5 58.9 51.5 3.5 4.4 0.8 299.7 229.3 70.4 0.2 0.1 0.1 67.6 27.0 40.6 2.6 -8.9
64.9 15.2 16.5 64.9 48.4 14.7 15.2 0.5 251.4 177.3 74.1 4.4 4.3 0.1 67.5 22.3 45.2 2.3 -10.6
57.6 14.6 3.8 57.6 53.8 14.3 14.6 0.3 251.6 173.0 78.6 2.8 0.7 2.0 74.1 29.1 45.0 1.7 -32.1
56.3 24.8 0.4 56.3 55.8 23.9 24.8 0.9 215.9 145.9 70.0 1.7 1.6 0.0 66.5 24.5 42.1 1.8 -26.5
78.9 32.8 6.7 78.9 72.2 32.1 32.8 0.6 230.8 140.3 90.6 -0.0 -0.2 0.2 89.0 22.5 66.6 1.6 -25.3
86.0 6.4 22.9 86.0 63.1 5.8 6.4 0.6 225.5 161.1 64.4 1.0 0.9 0.1 61.8 17.4 44.4 1.6 -4.3
89.5 -12.1 41.6 89.5 47.9 -12.8 -12.1 0.7 180.3 115.5 64.8 0.0 -0.0 0.0 62.6 15.2 47.3 2.3 11.1
90.3 -14.7 31.5 90.3 58.8 -16.4 -14.7 1.7 190.5 119.7 70.8 0.5 0.4 0.0 67.5 19.7 47.8 2.8 15.5
98.1 41.0 26.4 98.1 71.7 39.4 41.0 1.6 180.3 109.6 70.8 -0.3 -0.3 0.1 67.6 19.7 48.0 3.4 12.7
122.3 17.4 32.1 122.3 90.1 15.5 17.4 1.8 184.9 118.3 66.5 1.0 0.9 0.0 62.3 20.8 41.5 3.3 27.3
27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45
76
FFA, 1995-2004, March 12, 2009
L.204 Checkable Deposits and Currency
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37
Total liabilities Monetary authority Federal government cash and deposits Due to government-sponsored enterprises Deposits due to foreign Currency outside banks Commercial banking Federal government deposits Deposits due to foreign Private domestic deposits Savings institutions Credit unions Total assets Household sector Nonfinancial business Corporate Nonfarm noncorporate Farm State and local governments Federal government Rest of the world Checkable deposits Currency Financial sectors Commercial banking Savings institutions Credit unions Property-casualty insurance companies Life insurance companies Private pension funds State and local govt. retirement funds Money market mutual funds Government-sponsored enterprises Finance companies REITs Brokers and dealers Mail float
1211.4 391.2 6.2 0.8 0.4 383.7 710.8 19.0 24.1 667.7 78.5 30.9 1211.4 561.9 326.5 205.1 104.7 16.7 33.3 22.2 158.5 24.5 133.9 71.8 1.6 15.6 7.4 4.9 5.2 4.9 4.2 -3.5 1.5 16.3 0.0 13.7 37.2
1200.4 414.4 8.0 0.8 0.2 405.5 676.3 28.7 26.9 620.7 77.2 32.5 1200.4 494.7 355.0 214.3 124.0 16.7 27.8 38.3 175.2 27.1 148.1 80.9 1.4 14.2 7.5 3.9 4.3 5.6 7.5 -1.1 0.8 19.0 2.2 15.7 28.5
1209.2 444.3 5.7 0.8 0.5 437.3 656.4 27.8 31.7 597.0 71.9 36.6 1209.2 448.1 370.1 206.9 146.2 16.9 32.2 41.6 202.7 32.2 170.5 96.5 1.4 15.2 8.1 4.2 8.1 7.0 5.3 1.5 2.1 18.6 3.3 21.7 18.1
1220.3 483.3 6.2 1.5 0.2 475.4 622.9 13.2 28.6 581.1 71.1 43.0 1220.3 463.8 364.5 195.0 150.9 18.6 28.3 23.2 213.2 28.8 184.4 108.1 2.0 18.5 9.1 4.0 5.4 6.1 10.0 -1.0 5.0 19.6 4.1 25.4 19.3
1332.3 591.5 28.5 1.1 0.1 561.8 626.4 49.6 28.7 548.1 69.0 45.4 1332.3 417.7 405.8 231.0 155.6 19.2 32.2 87.9 237.5 28.7 208.8 138.6 2.2 20.6 26.4 4.3 5.5 7.4 9.2 -3.3 12.1 21.2 4.4 28.7 12.5
1218.8 556.4 5.6 1.2 0.2 549.3 540.9 16.4 30.7 493.8 70.3 51.3 1218.8 335.1 429.9 246.4 164.1 19.4 32.3 24.3 236.3 30.9 205.4 141.1 1.7 19.0 26.7 3.7 5.0 10.8 9.9 1.5 4.4 23.7 4.4 30.3 19.7
1360.8 603.8 7.1 0.7 0.1 596.0 628.8 47.5 25.8 555.5 73.5 54.7 1360.8 407.2 366.5 181.9 164.5 20.0 36.3 66.9 255.1 25.9 229.2 219.6 2.8 21.0 36.8 13.1 36.8 9.9 11.4 5.4 6.7 23.0 5.5 47.1 9.2
1353.0 645.7 4.8 1.1 0.1 639.7 571.5 31.1 25.2 515.3 75.3 60.5 1353.0 414.5 328.7 141.1 167.1 20.6 41.5 47.5 273.4 25.3 248.1 238.1 2.5 24.8 38.4 25.9 35.3 10.2 12.9 -1.4 14.8 25.2 5.4 44.2 9.2
1437.4 683.0 6.0 0.6 0.2 676.2 607.2 30.2 4.1 573.0 80.7 66.5 1437.4 399.0 385.0 190.9 172.9 21.2 48.4 54.1 262.9 4.2 258.7 285.0 2.5 24.8 41.5 34.6 47.3 10.3 13.7 -2.1 28.8 27.1 9.3 47.2 2.9
1522.8 720.8 6.2 1.1 0.1 713.3 646.7 26.9 13.2 606.6 81.2 74.1 1522.8 370.3 459.9 178.4 259.2 22.3 42.2 21.9 285.3 13.3 272.0 312.0 3.5 21.3 40.2 25.9 53.3 10.5 16.3 0.6 39.1 26.3 12.2 62.9 31.2
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37
FFA, 1995-2004, March 12, 2009
77
L.205 Time and Savings Deposits
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
Total liabilities Small time and savings deposits Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Banks in U.S.-affiliated areas Savings institutions Credit unions Large time deposits (1) Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Banks in U.S.-affiliated areas Savings institutions Credit unions Total assets Household sector Nonfinancial business Corporate Nonfarm noncorporate State and local governments Federal government Rest of the world Financial sectors Savings institutions Credit unions Private pension funds State and local govt. retirement funds Money market mutual funds Government-sponsored enterprises Finance companies
2775.3 2298.4 1490.1 1471.3 8.5 10.2 569.4 238.9 476.9 387.8 256.5 121.0 10.2 80.1 9.0 2775.3 2299.7 171.1 99.7 71.5 62.0 0.9 40.0 201.6 1.1 17.1 110.2 4.5 52.3 0.0 16.3
3013.2 2422.3 1613.2 1594.2 8.7 10.4 557.8 251.2 590.9 493.1 306.1 176.6 10.4 86.4 11.4 3013.2 2441.8 204.7 129.7 75.0 72.6 2.4 50.9 240.8 1.4 16.4 119.1 2.3 82.7 0.0 19.0
3265.2 2551.8 1761.5 1738.0 13.1 10.4 525.8 264.4 713.4 601.0 369.3 221.3 10.4 98.1 14.4 3265.2 2578.5 250.1 164.4 85.7 78.4 3.4 63.9 290.9 1.0 17.0 130.1 2.4 111.3 6.4 22.7
3546.3 2741.1 1945.2 1924.4 9.4 11.4 508.4 287.5 805.3 673.1 404.1 257.6 11.4 113.7 18.5 3546.3 2674.1 319.0 192.6 126.5 93.2 4.7 115.9 339.4 1.5 23.4 159.9 2.0 123.9 4.7 24.0
3761.3 2824.9 2017.1 1997.4 7.5 12.2 508.0 299.8 936.4 792.6 465.7 314.8 12.2 122.2 21.6 3761.3 2776.2 416.4 236.9 179.5 107.2 5.4 118.8 337.4 1.3 16.6 120.6 1.7 155.4 10.0 31.7
4108.5 3055.9 2228.7 2208.0 7.2 13.6 514.4 312.7 1052.6 885.4 553.6 318.2 13.6 142.1 25.1 4108.5 3034.1 519.9 272.3 247.6 117.8 6.3 101.5 328.8 1.4 15.5 97.7 1.6 154.8 22.2 35.6
4491.5 3370.5 2478.1 2448.3 11.6 18.1 531.0 361.3 1121.0 918.1 528.4 371.5 18.1 168.8 34.1 4491.5 3307.8 535.8 281.1 254.7 129.8 10.5 102.1 405.4 2.2 23.0 61.3 1.8 244.0 30.3 42.8
4866.9 3695.9 2747.6 2722.0 9.4 16.2 551.9 396.4 1171.0 915.3 552.7 346.4 16.2 212.9 42.8 4866.9 3618.3 560.5 291.3 269.2 138.7 27.6 143.3 378.5 2.6 24.6 57.4 1.7 220.2 25.3 46.8
5230.1 4003.3 2979.2 2951.6 10.2 17.5 599.1 424.9 1226.8 928.1 555.7 354.9 17.5 245.1 53.6 5230.1 3939.4 676.6 362.8 313.8 159.0 2.4 115.0 337.7 2.6 27.1 60.4 0.8 166.8 16.7 63.2
5789.9 4284.9 3259.8 3231.3 9.5 19.0 584.7 440.4 1505.1 1120.6 671.3 430.3 19.0 324.5 60.0 5789.9 4410.7 718.4 400.5 318.0 170.6 2.4 149.2 338.7 3.2 26.4 55.8 1.4 167.2 23.3 61.3
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
(1) Large time deposits are those issued in amounts of $100,000 or more.
L.206 Money Market Mutual Fund Shares
Billions of dollars
1 2 3 4 5 6 7 8 9 10 Total assets Household sector Nonfinancial corporate business Nonfarm noncorporate business State and local governments Rest of the world Life insurance companies Private pension funds State and local govt. retirement funds Funding corporations 741.3 472.4 60.0 17.0 10.7 5.1 22.8 37.9 5.9 109.5 886.7 527.9 67.6 19.2 12.0 5.8 61.9 49.1 7.6 135.5 1042.5 602.3 87.8 22.9 15.6 6.6 92.8 62.5 9.6 142.3 1327.9 706.6 126.4 32.6 46.7 7.3 110.4 64.8 9.9 223.1 1579.6 816.1 154.9 40.7 51.2 8.1 131.8 76.9 11.8 288.2 1812.1 959.8 191.4 49.4 53.9 11.2 142.3 81.1 13.2 309.9 2240.6 1113.2 301.9 59.0 57.1 15.1 173.3 75.1 15.4 430.4 2223.9 1071.7 335.7 61.3 58.7 16.3 159.8 84.5 15.5 420.4 2016.4 960.2 299.0 63.6 62.7 18.8 151.4 84.3 13.4 362.9 1879.8 904.1 324.3 69.2 66.6 22.9 120.7 84.9 11.6 275.6 1 2 3 4 5 6 7 8 9 10
78
FFA, 1995-2004, March 12, 2009
L.207 Federal Funds and Security Repurchase Agreements
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24
Total liabilities Monetary authority Commercial banking (net) U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies Savings institutions REITs Brokers and dealers (net) Total assets Nonfinancial corporate business State and local governments Rest of the world Financial sectors Monetary authority Savings institutions Credit unions (net) Property-casualty insurance companies Private pension funds State and local govt. retirement funds Money market mutual funds Mutual funds Government-sponsored enterprises (net) Discrepancy--unallocated assets
626.0 0.0 388.1 345.5 43.2 -0.5 44.5 10.9 182.4 553.0 2.4 115.7 67.6 367.2 13.9 11.2 6.4 37.5 22.4 31.5 87.8 50.2 106.3 73.0
664.0 0.0 425.8 370.8 55.1 -0.2 43.7 13.7 180.9 592.4 3.9 147.8 70.9 369.8 21.6 10.0 1.4 35.4 27.3 28.2 103.8 47.5 94.5 71.7
765.0 0.0 494.8 414.3 80.7 -0.2 41.8 24.9 203.5 650.4 4.6 151.4 90.8 403.7 23.8 9.2 3.5 35.2 28.5 28.6 126.6 57.8 90.4 114.6
809.3 0.0 534.7 434.0 100.4 0.4 51.3 15.1 208.2 680.3 4.2 155.6 72.0 448.6 30.4 14.8 6.8 42.7 29.7 37.5 138.8 70.9 77.0 129.0
937.3 0.0 604.5 521.5 82.5 0.5 72.7 14.9 245.2 810.7 5.8 153.1 79.9 571.9 140.6 10.6 9.3 28.3 31.6 40.4 140.5 80.8 89.7 126.6
1011.7 0.0 644.1 510.4 134.8 -1.1 53.1 12.4 302.2 768.2 4.2 142.8 91.3 529.9 43.4 14.9 4.0 38.3 26.5 39.8 182.8 99.6 80.6 243.5
1022.0 0.0 590.3 467.6 123.9 -1.2 56.9 21.6 353.2 843.1 4.0 131.9 151.1 556.2 50.3 20.3 2.5 30.2 17.7 34.0 226.2 70.7 104.4 178.8
1118.3 21.1 675.2 510.7 163.4 1.2 41.6 36.2 344.2 913.8 6.2 115.6 190.1 601.9 39.5 20.0 1.7 44.4 19.0 27.1 273.4 81.6 95.3 204.5
1331.9 25.7 713.2 553.4 157.7 2.1 60.9 41.7 490.4 1166.4 6.0 123.5 460.2 576.8 43.8 12.3 1.6 52.8 20.5 23.4 252.6 94.5 75.3 165.5
1416.5 30.8 726.4 568.0 157.5 0.8 63.3 69.2 526.9 1398.9 6.4 131.2 665.1 596.2 33.0 9.1 4.1 63.1 26.5 20.2 234.0 112.6 93.6 17.5
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24
L.208 Open Market Paper
Billions of dollars
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Total outstanding, all types Commercial paper Nonfinancial corporate business Foreign issues in U.S. Nonfinancial Financial Financial business Commercial banking ABS issuers Finance companies REITs Funding corporations Bankers acceptances (1) Holdings, by sector Household sector Nonfinancial corporate business State and local governments Rest of the world Monetary authority Commercial banking (1) Savings institutions Credit unions Life insurance companies Private pension funds State and local govt. retirement funds Money market mutual funds Mutual funds Government-sponsored enterprises Brokers and dealers Funding corporations 700.4 677.7 157.4 56.2 20.6 35.6 464.2 30.1 101.2 168.6 0.0 164.2 22.6 700.4 71.7 20.1 39.4 43.4 0.0 5.7 0.2 0.6 45.5 24.8 31.5 235.5 50.2 25.5 22.1 84.2 803.0 779.4 156.4 67.5 18.7 48.8 555.5 32.0 146.7 178.0 0.0 198.8 23.6 803.0 75.8 31.5 59.7 57.9 0.0 6.5 0.3 0.3 48.4 30.8 28.2 273.9 47.2 35.1 23.7 83.7 979.4 958.5 168.6 65.1 20.0 45.0 724.8 37.6 256.1 202.6 0.0 228.5 20.9 979.4 77.1 36.1 74.0 77.8 0.0 2.7 0.0 0.2 65.9 32.3 28.6 336.0 57.8 27.6 24.3 139.0 1172.6 1161.0 193.0 72.9 18.5 54.4 895.2 45.4 381.8 233.3 0.2 234.4 11.5 1172.6 80.2 39.4 86.8 111.4 0.0 1.1 0.0 0.4 73.4 35.5 37.5 415.1 70.9 56.2 28.0 136.5 1402.4 1393.8 230.3 89.2 26.7 62.5 1074.3 54.5 520.8 230.4 0.0 268.6 8.6 1402.4 84.9 47.6 104.3 105.0 0.0 1.4 0.0 1.9 75.8 41.4 40.4 525.3 80.8 23.9 26.0 243.9 1614.0 1606.1 278.4 120.9 37.6 83.3 1206.7 55.7 645.8 240.1 0.0 265.1 7.9 1614.0 97.3 57.8 119.5 114.3 0.0 1.5 0.0 1.2 71.2 35.3 47.3 620.4 99.6 31.1 39.2 278.3 1474.0 1469.2 177.7 198.5 19.5 178.9 1093.0 50.6 607.8 162.4 0.0 272.2 4.8 1474.0 97.3 60.2 136.9 108.4 0.0 0.0 0.0 2.4 59.3 27.0 51.3 623.7 70.7 33.8 48.2 154.7 1374.9 1370.3 119.8 257.2 19.3 237.9 993.3 48.3 566.1 147.8 0.0 231.1 4.6 1374.9 110.4 64.8 151.3 126.6 0.0 0.0 0.0 1.5 74.0 29.2 48.0 585.2 63.1 10.4 43.5 67.0 1292.9 1288.6 82.5 275.5 15.5 259.9 930.6 42.3 529.4 145.1 0.0 213.7 4.4 1292.9 105.9 75.7 161.6 192.8 0.0 0.0 0.0 0.7 55.9 26.0 41.6 459.9 76.2 6.7 49.4 40.6 1399.1 1395.0 97.8 344.2 13.3 330.9 953.0 53.1 525.3 175.3 0.0 199.3 4.1 1399.1 136.1 95.0 171.7 229.8 0.0 0.0 0.0 0.8 48.2 26.4 35.2 405.8 94.2 5.8 48.0 102.1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
(1) Excludes banks’ holdings of own acceptances.
FFA, 1995-2004, March 12, 2009
79
L.209 Treasury Securities
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
Total liabilities Savings bonds Other Treasury issues Total assets Household sector Savings bonds Other Treasury issues Nonfinancial corporate business Nonfarm noncorporate business State and local governments Rest of the world Monetary authority Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies Banks in U.S.-affiliated areas Savings institutions Credit unions Property-casualty insurance companies Life insurance companies Private pension funds State and local govt. retirement funds Federal government retirement funds Money market mutual funds Mutual funds Closed-end funds Exchange-traded funds Government-sponsored enterprises ABS issuers Brokers and dealers Memo:
3608.5 185.0 3423.5 3608.5 833.6 185.0 648.6 57.1 23.6 289.8 816.9 378.2 278.7 207.6 62.3 3.4 5.4 18.4 18.3 133.4 108.1 120.8 208.2 22.2 70.0 143.8 11.1 0.0 58.0 0.0 18.3
3755.1 187.0 3568.1 3755.1 894.2 187.0 707.2 47.1 28.6 257.0 1040.3 390.9 261.8 173.0 80.7 4.0 4.1 17.4 17.4 120.9 93.2 116.0 212.8 24.4 90.2 125.8 11.2 0.0 18.8 0.0 -12.8
3778.3 186.5 3591.8 3778.3 803.1 186.5 616.6 26.8 32.2 239.3 1153.2 430.7 270.1 166.8 95.1 4.0 4.2 14.6 15.6 91.1 85.5 118.0 219.0 26.1 86.2 136.4 9.8 0.0 25.9 0.0 -5.3
3723.7 186.6 3537.0 3723.7 739.5 186.6 552.8 23.6 38.0 280.8 1166.2 452.1 214.1 124.8 84.8 0.9 3.6 10.2 13.1 70.4 71.3 104.8 212.6 28.5 107.9 141.0 8.8 0.0 25.2 0.0 15.8
3652.7 186.4 3466.2 3652.7 814.4 186.4 628.0 19.4 37.2 304.5 1058.4 478.0 228.9 122.8 94.5 8.8 2.8 10.1 9.6 60.6 62.8 121.5 198.8 31.4 103.8 117.3 7.6 0.0 30.9 0.0 -42.6
3357.8 184.8 3173.0 3357.8 584.8 184.8 400.1 18.1 40.2 310.0 1021.4 511.7 184.5 87.9 94.0 0.8 1.8 8.7 8.2 52.1 58.1 111.6 179.1 33.4 91.6 127.4 6.7 0.0 13.3 0.1 -3.3
3352.7 190.3 3162.4 3352.7 445.0 190.3 254.6 16.9 42.8 328.4 1095.2 551.7 162.7 56.5 103.8 1.2 1.2 11.4 7.4 52.0 53.7 104.0 155.1 40.6 137.5 117.6 6.7 0.0 13.6 0.5 9.8
3609.8 194.9 3414.9 3609.8 288.3 194.9 93.4 31.4 42.8 354.7 1285.5 629.4 205.8 86.4 116.7 1.3 1.5 9.2 7.5 61.2 78.5 100.6 158.9 50.2 142.2 134.8 3.9 2.0 25.7 0.9 -3.9
4008.2 203.8 3804.4 4008.2 441.5 203.8 237.7 32.8 44.9 364.2 1513.5 666.7 132.3 93.5 33.7 2.7 2.5 12.2 8.8 64.7 71.8 113.9 148.6 55.3 132.1 144.2 4.6 2.1 13.5 2.8 37.8
4370.7 204.4 4166.3 4370.7 535.4 204.4 331.0 33.1 50.2 389.1 1813.6 717.8 107.8 74.2 27.8 2.0 3.8 8.4 8.9 71.3 78.5 109.8 151.0 60.7 98.2 149.0 6.8 4.9 12.9 8.0 -44.6
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
32
Federal government debt (1)
3636.7
3781.7
3804.8
3752.2
3681.0
3385.1
3379.5
3637.0
4033.1
4395.0
32
(1) Total Treasury securities (table L.209, line 1) plus budget agency securities (table L.210, line 2) and federal mortgage debt (table L.217, line 12).
80
FFA, 1995-2004, March 12, 2009
L.210 Agency- and GSE-backed Securities (1)
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29
Total liabilities Budget agencies Government-sponsored enterprises Agency- and GSE-backed mortgage pools Total assets Household sector Nonfinancial corporate business State and local governments Federal government Rest of the world Monetary authority Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies Banks in U.S.-affiliated areas Savings institutions Credit unions Property-casualty insurance companies Life insurance companies Private pension funds State and local govt. retirement funds Federal government retirement funds Money market mutual funds Mutual funds Government-sponsored enterprises ABS issuers REITs Brokers and dealers
2406.0 28.2 807.0 1570.7 2406.0 223.0 23.4 151.5 0.0 123.1 2.6 467.5 421.5 37.3 4.7 4.0 164.6 45.7 48.2 242.9 213.1 63.1 0.6 90.8 171.3 190.8 120.8 9.0 54.0
2635.8 26.6 897.4 1711.7 2635.8 340.8 28.5 116.2 0.0 134.4 2.2 495.7 436.7 49.7 4.9 4.3 156.1 50.7 51.0 244.1 201.8 68.6 0.7 101.8 204.4 256.6 114.8 12.2 55.2
2849.3 26.5 996.5 1826.3 2849.3 398.9 8.0 115.4 0.0 157.3 0.7 571.2 497.2 62.2 5.5 6.3 155.3 51.0 70.8 226.7 207.9 87.0 0.7 96.3 213.3 324.2 93.0 21.2 50.4
3322.9 28.5 1275.4 2019.0 3322.9 452.3 10.6 154.1 0.0 185.6 0.3 663.2 578.9 67.4 6.6 10.2 143.7 58.4 69.7 217.0 190.7 106.1 1.0 172.4 234.9 482.7 116.3 13.1 50.9
3916.0 28.3 1594.2 2293.5 3916.0 552.0 12.4 198.3 0.0 232.3 0.2 699.6 608.3 72.4 5.4 13.5 147.1 61.3 75.5 224.4 230.3 129.0 0.9 191.1 271.1 655.6 154.4 14.5 66.0
4347.0 27.3 1826.4 2493.2 4347.0 608.7 15.4 239.7 0.0 348.2 0.1 721.8 626.5 72.7 4.8 17.8 140.4 60.9 84.1 235.4 197.4 178.9 1.0 182.9 283.7 806.7 162.9 15.0 63.7
4989.1 26.8 2130.6 2831.8 4989.1 441.5 17.5 287.0 0.0 504.1 0.0 777.4 700.2 50.7 6.2 20.3 161.4 80.6 94.2 253.5 202.5 180.7 2.6 324.4 368.3 996.8 196.5 22.0 77.8
5536.3 27.3 2350.4 3158.6 5536.3 299.9 16.9 328.8 0.0 630.6 0.0 917.9 821.3 61.6 10.7 24.2 176.2 79.1 113.2 330.9 183.2 192.6 4.6 333.1 422.4 1111.7 271.9 31.8 91.8
5952.9 24.9 2601.3 3326.7 5952.9 437.3 12.1 351.2 0.0 655.3 0.0 1000.0 906.4 53.0 11.6 28.9 198.8 94.3 115.4 348.9 221.4 235.1 5.1 328.6 447.5 1034.3 354.9 28.9 83.7
6075.2 24.3 2676.3 3374.6 6075.2 405.4 12.2 373.2 0.0 875.2 0.0 1095.0 996.1 51.8 13.5 33.6 136.4 93.1 112.1 357.1 232.8 258.8 4.6 267.5 462.7 886.5 350.5 44.7 107.3
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29
(1) Agency- and GSE-backed securities include: issues of federal budget agencies (line 2) such as those for the TVA; issues of government sponsored enterprises (line 3) such as Fannie Mae and FHLB; and agency- and GSE-backed mortgage pool securities issued by GNMA, Fannie Mac, Freddie Mac, and the Farmers Home Administration (line 4). Only the budget agency issues are considered officially to be part of the total debt of the federal government, which is shown in table L.209, line 32.
FFA, 1995-2004, March 12, 2009
81
L.211 Municipal Securities and Loans
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6
Total liabilities State and local governments Short-term (1) Long-term Nonprofit organizations (2) Nonfinancial corporate business (industrial revenue bonds) Total assets Household sector Nonfinancial corporate business Nonfarm noncorporate business State and local governments Rest of the world Commercial banking Savings institutions Property-casualty insurance companies Life insurance companies State and local govt. retirement funds Money market mutual funds Mutual funds Closed-end funds Government-sponsored enterprises Brokers and dealers
1268.2 1037.0 34.4 1002.6 96.4 134.8
1261.6 1021.3 40.7 980.7 102.4 137.9
1318.5 1067.0 49.0 1018.0 109.6 142.0
1402.7 1133.6 42.7 1090.9 121.3 147.8
1457.1 1172.5 45.3 1127.2 131.7 152.8
1480.7 1189.0 46.6 1142.4 137.5 154.2
1603.5 1294.5 70.5 1224.0 151.3 157.7
1762.9 1437.9 95.7 1342.2 164.2 160.8
1900.5 1557.9 106.1 1451.8 178.3 164.2
2031.0 1673.0 100.2 1572.8 188.6 169.4
1 2 3 4 5 6
7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22
1268.2 533.4 36.8 2.2 5.1 4.0 93.4 2.0 161.0 11.9 1.8 127.7 210.2 58.2 7.8 12.7
1261.6 493.0 31.0 2.6 4.6 4.9 94.2 2.1 175.4 13.4 0.6 144.5 213.3 59.1 12.1 10.8
1318.5 497.6 27.4 3.2 3.9 5.9 96.7 2.1 191.6 16.7 1.5 167.0 219.8 59.4 12.7 13.2
1402.7 498.7 25.7 2.8 3.2 6.8 104.8 2.5 208.1 18.4 3.3 192.8 242.6 60.7 19.2 13.1
1457.1 528.1 25.0 2.7 3.5 7.8 110.8 3.0 199.0 20.1 3.0 210.4 239.4 69.7 22.7 11.9
1480.7 531.2 31.9 2.4 3.7 8.0 114.1 3.2 184.1 19.1 1.7 242.5 230.4 67.7 29.2 11.3
1603.5 580.8 29.3 3.5 4.0 8.0 120.2 4.8 173.8 18.7 1.7 276.7 253.0 74.7 35.4 19.0
1762.9 678.4 32.1 3.4 4.1 11.5 121.7 5.8 183.0 19.9 0.9 278.5 277.3 86.0 39.4 21.0
1900.5 703.8 35.4 2.7 4.4 19.5 132.7 6.6 224.2 26.1 4.4 292.1 290.2 89.3 44.4 24.9
2031.0 742.4 31.8 4.3 4.7 26.0 140.8 7.4 267.8 30.1 1.8 313.8 294.3 89.1 44.6 32.0
7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22
(1) Debt with original maturity of 13 months or less. (2) Liability of the households and nonprofit organizations sector (tables F.100 and L.100).
L.212 Corporate and Foreign Bonds
Billions of dollars
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 Total liabilities Nonfinancial corporate business Rest of the world (1) Financial sectors Commercial banking Savings institutions ABS issuers (net) (3) Finance companies REITs Brokers and dealers Funding corporations Total assets Household sector State and local governments Rest of the world (2) Commercial banking Savings institutions Credit unions Property-casualty insurance companies Life insurance companies Private pension funds State and local govt. retirement funds Federal government retirement funds Money market mutual funds Mutual funds Closed-end funds Exchange-traded funds Government-sponsored enterprises Finance companies REITs Brokers and dealers Funding corporations 2929.0 1357.2 413.3 1158.5 161.1 3.1 565.1 300.0 15.5 29.3 84.4 2929.0 466.5 39.0 355.3 110.5 78.5 0.0 123.3 867.0 241.1 189.2 0.5 21.5 185.5 25.2 0.0 29.9 95.3 2.9 73.8 23.8 3267.0 1485.2 481.4 1300.4 168.9 2.7 634.3 336.8 16.8 27.3 113.6 3267.0 514.6 49.7 432.1 111.6 68.6 0.0 141.6 946.2 244.5 211.4 0.5 23.9 218.5 27.1 0.0 38.1 110.8 4.3 86.9 36.5 3620.0 1666.3 543.4 1410.3 192.6 2.8 662.2 341.5 31.6 35.3 144.2 3620.0 526.9 51.0 498.2 140.5 58.7 0.0 159.5 1041.7 278.5 244.5 0.6 36.4 259.4 27.1 0.0 44.1 120.5 6.5 92.6 33.1 4132.8 1881.2 594.4 1657.1 220.2 2.6 794.6 365.6 53.4 42.5 178.2 4132.8 590.5 62.4 589.7 176.2 88.6 0.0 171.1 1124.4 298.9 279.6 0.7 82.2 322.0 31.8 0.0 68.7 127.6 6.1 74.7 37.6 4464.2 2107.1 548.2 1808.9 240.6 2.7 809.3 430.3 65.1 25.3 235.5 4464.2 509.4 74.0 673.1 210.1 111.9 0.0 181.1 1166.9 341.9 310.0 0.7 124.8 348.2 33.5 0.0 97.5 154.6 6.0 86.6 33.8 4829.7 2271.1 572.7 1985.9 273.2 6.3 857.7 503.3 67.0 40.9 237.5 4829.7 553.9 83.8 841.8 266.1 109.4 0.0 187.5 1214.8 265.7 314.2 0.7 180.2 337.7 30.9 0.0 135.3 173.4 5.6 103.8 24.9 5583.7 2614.5 557.1 2412.1 310.2 3.6 1153.6 571.3 71.4 42.3 259.7 5583.7 717.0 95.1 1018.7 363.1 83.9 0.0 196.4 1334.3 242.5 279.7 1.6 222.5 403.1 27.1 0.0 176.7 192.4 7.9 151.0 70.8 6256.1 2747.9 702.7 2805.5 332.2 3.4 1416.6 635.3 87.3 40.6 290.1 6256.1 1056.4 104.2 1123.0 359.9 79.9 22.1 198.9 1440.0 253.9 217.3 2.8 228.1 453.4 27.1 1.8 227.1 210.5 10.4 183.1 56.4 7047.0 2900.1 868.9 3277.9 378.4 5.1 1687.8 743.2 110.9 47.0 305.5 7047.0 971.1 111.3 1330.0 481.2 71.9 24.3 218.9 1610.5 274.8 207.4 3.2 258.7 532.0 58.8 2.4 277.4 263.8 18.8 219.3 111.3 7925.6 2975.5 985.0 3965.1 437.4 7.6 2129.3 817.4 193.4 62.2 317.7 7925.6 1145.1 118.2 1558.9 563.6 59.2 25.0 245.3 1756.3 267.1 213.5 3.0 261.0 596.8 67.6 3.3 414.8 256.0 36.0 238.0 96.8 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32
(1) Holdings of foreign issues by U.S. residents. (2) Holdings of U.S. issues by foreign residents. (3) Liabilities net of assets.
82
FFA, 1995-2004, March 12, 2009
L.213 Corporate Equities (1)
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Issues at market value Nonfinancial corporate business Rest of the world (2) Financial corporations Holdings at market value Household sector State and local governments Federal government Rest of the world (3) Commercial banking Savings institutions Property-casualty insurance companies Life insurance companies Private pension funds State and local govt. retirement funds Federal government retirement funds Mutual funds Closed-end funds Exchange-traded funds Brokers and dealers Memo:
8481.3 6406.8 790.6 1284.0 8481.3 4434.2 26.4 0.0 484.6 5.0 14.3 133.5 309.6 1256.8 703.5 11.5 1024.9 41.9 1.1 34.2
9748.1 6804.3 1006.1 1937.7 9748.1 4712.2 46.9 0.0 584.3 6.8 17.8 147.5 406.9 1403.1 846.6 18.8 1470.0 47.0 2.4 37.9
12621.9 8674.7 1207.8 2739.5 12621.9 6144.3 78.4 0.0 837.3 2.6 23.3 184.3 539.7 1603.7 1051.3 29.9 2018.7 49.6 6.7 51.9
15354.1 10962.4 1475.0 2916.8 15354.1 7511.2 98.5 0.0 1107.9 6.8 24.5 197.9 683.2 1869.2 1188.1 43.0 2506.2 47.6 15.6 54.4
19401.0 14476.8 2003.7 2920.4 19401.0 9769.9 98.3 0.0 1434.0 11.3 23.8 205.2 909.0 1966.2 1407.7 56.9 3376.7 41.3 33.9 66.9
17575.0 12444.5 1852.8 3277.7 17575.0 8147.3 93.2 0.0 1483.0 11.9 24.2 191.4 891.9 1970.6 1298.7 56.6 3226.9 36.6 65.6 77.2
15628.6 10868.6 1612.7 3147.3 15628.6 6829.5 88.0 0.0 1441.0 8.9 27.9 171.0 811.3 1908.6 1260.4 49.1 2834.0 31.1 83.0 85.1
12438.3 8212.4 1374.0 2852.0 12438.3 5161.2 79.3 0.0 1221.6 3.5 29.1 149.4 708.9 1588.6 1056.8 45.9 2187.4 33.7 98.2 74.9
16638.7 10845.4 2079.4 3713.9 16638.7 6787.7 84.7 0.0 1674.6 15.0 30.4 178.4 919.3 2096.6 1421.0 79.9 3051.3 53.0 146.3 100.5
18947.2 12086.2 2560.4 4300.6 18947.2 7495.9 90.0 0.0 1904.6 20.3 28.2 196.6 1053.9 2333.5 1600.9 99.2 3693.6 82.3 219.0 129.1
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
21
Market value of domestic corporations (4)
7460.8
8482.6
11095.6
13532.4
17015.0
15315.3
13609.1
10675.6
14035.6
15711.2
21
(1) Excludes mutual fund shares shown on table L.214. (2) Holdings of foreign issues by U.S. residents; includes American Depositary Receipts (ADRs). (3) Holdings of U.S. issues by foreign residents. (4) Sum of lines 2 and 4 less the sum of lines 10, 11, 12, 18, 19, and 20; line 1 excludes intercorporate holdings of nonfinancial corporations.
L.214 Mutual Fund Shares (1)
Billions of dollars
1 2 3 4 5 6 7 8 9 10 11 12 Shares at market value Holdings at market value Household sector Nonfinancial corporate business State and local governments Rest of the world Commercial banking Credit unions Property-casualty insurance companies Life insurance companies Private pension funds State and local govt. retirement funds 1852.8 1852.8 1253.0 45.7 35.0 59.9 2.3 2.8 0.7 33.5 357.0 62.9 2342.4 2342.4 1561.5 63.0 41.0 82.3 2.6 2.6 1.0 42.5 472.7 73.2 2989.4 2989.4 1948.8 75.0 33.6 109.0 8.1 2.4 1.7 57.2 660.1 93.4 3613.1 3613.1 2351.8 98.0 34.1 135.1 9.1 3.6 2.2 73.2 790.0 115.9 4538.5 4538.5 2894.9 127.0 33.4 169.5 12.4 2.5 2.7 98.7 1056.5 140.9 4433.1 4433.1 2704.2 121.9 30.8 149.0 15.0 2.2 2.9 97.0 1131.6 178.3 4135.4 4135.4 2614.6 112.5 28.1 116.6 21.3 3.7 3.0 88.3 962.9 184.3 3638.4 3638.4 2218.4 95.8 24.3 98.0 19.6 3.5 3.0 76.6 931.9 167.4 4654.2 4654.2 2904.3 125.9 25.9 146.1 17.1 4.1 4.3 91.7 1126.9 207.9 5436.3 5436.3 3417.4 140.5 27.5 195.8 18.1 3.1 5.2 114.4 1278.2 235.9 1 2 3 4 5 6 7 8 9 10 11 12
(1) Shares of open-end investment companies; excludes shares of money market mutual funds, exchange-traded funds, and funding vehicles for variable annuities.
FFA, 1995-2004, March 12, 2009
83
L.215 Bank Loans Not Elsewhere Classified
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1
Total loans by commercial banking, flow of funds basis - Loans elsewhere classified: Open market paper Mortgages Consumer credit Security credit = Banking sector total bank loans n.e.c. U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies Banks in U.S.-affiliated areas + Loans from Federal Reserve banks = Total bank loans n.e.c. Total liabilities Nonfinancial sectors Households Corporate business Nonfarm noncorporate business Farm business Rest of the world Foreign official institutions Foreign banks Other foreign Financial sectors Savings institutions Finance companies REITs Brokers and dealers Funding corporations
2647.3
2821.8
3055.4
3309.3
3515.5
3900.9
3973.3
4198.9
4461.2
4905.9
1
2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28
5.7 1090.2 502.3 99.5 949.6 701.6 232.6 2.3 13.1 0.0 949.6 949.6 898.2 57.4 601.8 164.7 39.7 34.6 2.6 10.9 21.1 51.4 14.6 31.8 5.0 0.0 0.0
6.5 1145.4 527.5 100.8 1041.7 759.8 264.8 2.5 14.6 0.0 1041.7 1041.7 977.7 58.0 642.1 193.6 40.4 43.7 2.9 14.3 26.5 64.0 15.9 40.3 7.8 0.0 0.0
2.7 1245.3 515.1 122.5 1169.8 867.9 284.0 2.4 15.5 0.0 1169.8 1169.8 1092.5 66.5 692.7 237.3 43.9 52.1 2.1 13.8 36.3 77.3 19.4 40.3 17.6 0.0 0.0
1.1 1337.0 512.0 142.8 1316.4 1013.5 282.4 4.1 16.3 0.0 1316.4 1316.4 1206.7 72.0 768.8 262.1 45.1 58.7 2.8 13.1 42.8 109.6 29.7 46.3 33.6 0.0 0.0
1.4 1495.4 507.8 124.8 1386.2 1106.8 260.0 2.6 16.9 0.0 1386.2 1386.2 1290.2 65.2 808.8 312.8 44.2 59.2 3.0 9.9 46.4 96.0 14.0 60.1 21.8 0.0 0.0
1.5 1660.1 551.1 175.2 1513.1 1218.9 274.6 1.6 18.0 0.0 1513.1 1513.1 1396.7 65.4 852.7 361.2 46.9 70.5 3.5 13.2 53.8 116.4 35.0 63.8 17.6 0.0 0.0
0.0 1789.8 568.4 175.2 1439.8 1159.3 256.1 1.9 22.5 0.0 1439.8 1439.8 1302.8 43.6 743.7 405.3 46.9 63.2 4.3 5.9 53.1 137.1 38.5 84.3 14.3 0.0 0.0
0.0 2058.3 602.6 177.9 1360.0 1101.5 237.5 2.9 18.2 0.0 1360.0 1360.0 1201.6 21.1 635.5 430.4 46.0 68.6 5.1 5.1 58.4 158.5 43.0 101.1 14.4 0.0 0.0
0.0 2255.8 669.4 200.9 1335.1 1083.0 225.7 7.9 18.5 0.0 1335.1 1335.1 1154.4 52.8 548.3 441.7 45.5 66.1 4.5 8.9 52.7 180.6 59.0 106.9 14.7 0.0 0.0
0.0 2595.6 704.3 195.8 1410.1 1150.5 234.0 5.3 20.3 0.0 1410.1 1410.1 1169.1 35.5 547.2 468.9 47.7 69.9 5.5 13.4 51.0 241.0 87.9 136.9 16.2 0.0 0.0
2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28
84
FFA, 1995-2004, March 12, 2009
L.216 Other Loans and Advances
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11
Total other loans and advances U.S. government loans Liab.: Household sector Nonfinancial corporate business Nonfarm noncorporate business Farm business State and local governments Rest of the world Government-sponsored enterprises Foreign loans to U.S. corporate business Liab.: Nonfinancial corporate business Customers’ liability on acceptances outstanding (bank asset) Liab.: Nonfinancial corporate business Rest of the world Savings institution loans to business Liab.: Nonfinancial corporate business Nonfarm noncorporate business Policy loans (Household liability) Asset: Federal government Life insurance companies Government-sponsored enterprise loans (1) Liab.: Household sector (SLMA) Noncorporate business (FCS) Farm business (FCS) Commercial banks (FHLB and SLMA) Savings institutions (FHLB and SLMA) Credit unions (FHLB) Life insurance companies (FHLB) Securitized loans held by ABS issuers Liab.: Nonfinancial corporate business Finance company loans to business Liab.: Nonfinancial corporate business Nonfarm noncorporate business Loans to nonfinancial corporate business (2) Asset: Household sector Life insurance companies Mutual funds ABS issuers Brokers and dealers Funding corporations
898.4 130.0 10.7 8.5 39.5 6.1 9.7 55.4 0.0 122.1 122.1
958.0 132.7 20.0 7.9 39.6 5.6 4.8 54.8 0.0 126.0 126.0
1055.1 138.8 17.6 8.3 44.3 5.3 10.0 53.3 0.0 143.3 143.3
1208.7 136.5 17.3 8.0 43.8 4.9 10.1 52.4 0.0 142.3 142.3
1346.1 129.6 17.1 7.6 43.7 4.9 8.5 47.8 0.0 119.5 119.5
1483.8 126.9 15.9 7.6 42.2 5.1 8.9 47.2 0.0 117.3 117.3
1511.1 119.1 14.7 6.3 38.2 4.9 9.0 46.1 0.0 115.7 115.7
1543.1 118.6 13.8 7.3 39.2 4.6 9.6 44.1 0.0 125.8 125.8
1582.5 116.7 13.1 8.1 39.4 4.4 9.7 42.0 0.0 125.0 125.0
1711.1 113.7 12.2 8.4 40.8 4.0 10.0 38.3 0.0 131.2 131.2
1 2 3 4 5 6 7 8 9 10 11
12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40
22.3 14.2 8.2 12.8 6.4 6.4 96.9 0.9 95.9 166.0 0.8 16.4 13.8 36.7 97.4 0.4 0.5 29.6 29.6 301.6 271.4 30.2 17.2 0.1 3.1 10.2 0.4 2.6 0.9
23.4 13.4 9.9 15.7 7.9 7.9 101.4 1.0 100.5 195.3 0.9 16.5 15.1 39.0 121.9 0.4 1.6 37.7 37.7 304.7 274.2 30.5 21.0 0.1 3.1 11.0 0.6 3.9 2.4
20.6 10.8 9.7 18.8 9.4 9.4 104.6 1.0 103.7 230.7 0.7 16.5 15.1 58.1 138.0 0.6 1.8 62.1 62.1 304.1 273.7 30.4 32.2 0.2 4.2 14.4 2.5 7.4 3.4
11.3 6.6 4.7 24.2 12.1 12.1 104.7 0.9 103.8 324.2 0.6 17.1 17.8 104.9 180.1 1.1 2.5 85.9 85.9 340.9 306.8 34.1 38.7 0.2 6.1 17.1 4.4 6.7 4.4
8.2 4.4 3.9 30.6 15.3 15.3 100.0 0.9 99.0 432.3 0.7 17.9 17.9 145.6 243.7 3.4 3.2 82.6 82.6 395.1 355.6 39.5 48.1 0.6 6.4 19.9 7.5 6.8 6.8
7.5 4.3 3.1 39.3 19.7 19.7 102.8 0.9 101.9 477.6 0.4 19.5 19.4 172.4 260.0 3.4 2.5 89.8 89.8 456.2 410.6 45.6 66.4 1.9 7.4 24.3 14.4 8.9 9.5
4.6 4.1 0.5 42.9 21.5 21.5 105.0 0.9 104.1 505.9 0.4 19.5 22.3 196.6 259.1 4.9 3.1 108.3 108.3 440.2 396.2 44.0 69.5 2.6 8.1 17.0 22.2 10.3 9.4
4.6 4.4 0.2 46.2 23.1 23.1 106.0 0.8 105.1 514.7 0.4 20.1 23.7 226.8 231.7 6.9 5.1 105.0 105.0 444.0 399.6 44.4 78.2 2.8 9.2 17.5 31.6 8.9 8.2
4.4 4.2 0.2 56.3 28.2 28.2 105.2 0.8 104.5 545.8 0.3 19.8 24.0 235.3 249.3 9.1 8.0 103.9 103.9 441.7 397.6 44.2 83.4 3.1 9.8 16.4 37.8 9.0 7.3
4.0 3.8 0.3 57.6 28.8 28.8 106.8 0.7 106.1 619.4 0.0 18.1 25.5 244.1 309.3 11.4 11.1 105.3 105.3 451.5 406.4 45.2 121.5 5.9 11.7 26.0 56.7 14.2 7.0
12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40
(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.
FFA, 1995-2004, March 12, 2009
85
L.217 Total Mortgages
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
Total mortgages Home Multifamily residential Commercial Farm Total liabilities Household sector Nonfinancial business Corporate Nonfarm noncorporate Farm Federal government REITs Total assets Household sector Nonfinancial corporate business Nonfarm noncorporate business State and local governments Federal government Commercial banking Savings institutions (1) Credit unions Property-casualty insurance companies Life insurance companies Private pension funds State and local govt. retirement funds Government-sponsored enterprises (1) Agency- and GSE-backed mortgage pools ABS issuers Finance companies REITs
4547.0 3460.9 275.5 738.9 71.7 4547.0 3426.3 1096.7 219.9 805.0 71.7 0.0 24.1 4547.0 113.3 57.9 21.7 113.8 57.5 1090.2 596.8 66.5 2.8 213.1 8.6 15.9 250.4 1570.7 248.1 105.5 14.1
4816.6 3684.5 287.8 769.9 74.4 4816.6 3636.5 1148.3 230.6 843.2 74.4 0.0 31.9 4816.6 105.8 54.4 20.4 117.6 50.3 1145.4 628.3 76.0 2.4 208.2 9.3 16.7 244.1 1711.7 285.6 126.7 13.8
5130.4 3919.3 299.8 832.8 78.5 5130.4 3851.1 1232.5 263.1 890.9 78.5 0.0 46.8 5130.4 98.7 80.2 18.7 121.3 45.7 1245.3 631.8 86.0 2.2 206.8 10.1 17.6 239.4 1826.3 348.5 128.6 22.9
5617.3 4275.9 333.4 924.9 83.1 5617.3 4163.1 1382.6 264.4 1035.1 83.1 0.0 71.6 5617.3 94.3 67.3 26.3 127.4 44.9 1337.0 644.0 96.9 2.0 213.6 9.9 22.4 247.0 2019.0 478.4 160.9 26.3
6227.9 4701.9 374.6 1064.2 87.2 6227.9 4547.7 1601.7 344.4 1170.1 87.2 0.0 78.5 6227.9 101.6 41.2 24.1 131.8 77.7 1495.4 668.1 111.0 1.9 230.8 11.7 25.7 242.0 2293.5 551.9 195.3 24.1
6789.4 5129.1 404.6 1171.1 84.7 6789.4 4947.4 1758.6 366.3 1307.6 84.7 0.0 83.4 6789.4 103.4 43.5 23.4 130.5 76.9 1660.1 723.0 124.9 1.6 235.9 11.9 22.1 264.3 2493.2 618.0 237.9 18.7
7497.9 5680.9 446.5 1282.0 88.5 7497.9 5475.9 1936.4 419.1 1428.8 88.5 0.0 85.6 7497.9 108.7 46.6 26.8 129.7 75.8 1789.8 758.0 141.3 1.9 243.0 9.8 21.0 297.5 2831.8 740.0 258.2 18.0
8399.7 6437.5 485.0 1381.8 95.4 8399.7 6208.3 2094.9 449.7 1549.8 95.4 0.0 96.5 8399.7 116.0 49.6 26.2 124.4 76.3 2058.3 781.0 159.4 2.0 250.0 10.3 21.1 357.3 3158.6 850.7 330.5 28.0
9399.2 7231.5 564.8 1508.8 94.1 9399.2 7045.9 2248.6 529.1 1625.3 94.1 0.0 104.7 9399.2 121.3 51.8 26.3 132.9 73.8 2255.8 870.6 182.6 2.1 260.9 10.2 20.4 621.5 3326.7 1023.4 370.2 48.7
10666.3 8271.5 617.9 1680.0 96.9 10666.3 8013.5 2522.2 583.2 1842.1 96.9 0.0 130.6 10666.3 132.1 66.6 30.8 141.2 75.4 2595.6 1057.4 213.2 2.4 273.3 10.0 15.1 629.0 3374.6 1455.5 476.0 118.0
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
(1) FHLB loans to savings institutions are included in other loans and advances.
86
FFA, 1995-2004, March 12, 2009
L.218 Home Mortgages (1)
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21
Total liabilities Household sector Nonfinancial corporate business Nonfarm noncorporate business Total assets Household sector Nonfinancial corporate business Nonfarm noncorporate business State and local governments Federal government Commercial banking Savings institutions Credit unions Life insurance companies Private pension funds State and local govt. retirement funds Government-sponsored enterprises Agency- and GSE-backed mortgage pools ABS issuers Finance companies REITs Memo: Home equity loans included above (2) Commercial banking Savings institutions Credit unions ABS issuers Finance companies
3460.9 3334.4 7.2 119.3 3460.9 95.9 33.8 8.2 60.5 24.2 650.2 482.4 66.5 10.3 4.4 4.4 209.5 1543.4 193.8 66.5 6.9
3684.5 3539.8 8.3 136.3 3684.5 87.0 24.5 7.6 62.8 21.2 681.3 513.7 76.0 8.5 5.0 5.0 202.9 1678.8 215.4 87.0 8.0
3919.3 3755.9 8.6 154.7 3919.3 78.1 29.8 7.0 65.8 19.1 749.3 520.7 86.0 8.7 5.7 5.6 198.2 1788.1 253.8 89.4 14.0
4275.9 4057.5 10.0 208.4 4275.9 73.1 27.1 9.7 65.0 18.8 800.8 533.5 96.9 8.2 5.8 7.2 203.9 1970.2 321.9 119.1 14.8
4701.9 4435.2 12.1 254.6 4701.9 80.2 20.2 8.9 67.2 18.4 883.8 548.2 111.0 8.3 6.6 8.2 193.5 2234.7 353.7 147.2 11.8
5129.1 4820.9 14.1 294.1 5129.1 87.3 21.4 8.7 66.6 17.7 969.9 594.2 124.9 7.5 7.7 7.1 209.6 2425.6 385.5 186.9 8.5
5680.9 5327.8 16.2 336.9 5680.9 94.2 23.0 9.9 66.2 17.1 1028.3 620.4 141.3 7.8 4.6 6.9 231.2 2748.5 463.2 209.7 8.7
6437.5 6034.2 16.9 386.4 6437.5 100.3 24.9 9.6 63.4 16.2 1227.1 631.1 159.4 6.7 2.8 7.6 276.8 3063.7 543.6 285.6 18.7
7231.5 6886.0 18.8 326.7 7231.5 106.3 26.1 9.7 67.8 15.3 1355.8 702.8 182.6 7.1 1.7 7.3 514.7 3211.2 665.7 320.2 37.1
8271.5 7838.6 23.5 409.4 8271.5 115.4 39.9 11.3 72.0 14.8 1581.0 874.2 213.2 7.9 1.4 5.4 508.0 3256.3 1045.7 422.0 102.9
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21
22 23 24 25 26 27
237.5 140.0 50.5 22.9 2.7 21.4
262.6 153.8 52.3 25.5 3.5 27.5
297.0 174.0 55.5 29.0 4.8 33.8
309.9 176.9 55.9 29.7 6.9 40.5
334.3 189.5 59.7 33.4 8.4 43.3
407.9 235.0 72.8 40.7 10.5 49.0
438.9 258.6 77.9 44.9 12.4 45.0
500.7 303.3 78.5 48.0 15.0 56.0
593.4 366.0 95.6 51.7 16.1 64.0
775.6 483.5 121.2 63.9 23.2 83.7
22 23 24 25 26 27
(1) Mortgages on 1-4 family properties including mortages on farm houses. (2) Loans made under home equity lines of credit and home equity loans secured by junior liens. Excludes home equity loans held by individuals.
L.219 Multifamily Residential Mortgages
Billions of dollars
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 Total liabilities Nonfinancial corporate business Nonfarm noncorporate business Federal government REITs Total assets Household sector Nonfinancial corporate business Nonfarm noncorporate business State and local governments Federal government Commercial banking Savings institutions Life insurance companies Private pension funds State and local govt. retirement funds Government-sponsored enterprises Agency- and GSE-backed mortgage pools ABS issuers Finance companies REITs 275.5 21.1 246.5 0.0 7.9 275.5 1.6 0.1 7.2 44.1 17.7 42.5 62.0 28.7 1.0 4.5 18.5 26.9 12.0 7.2 1.6 287.8 21.7 255.6 0.0 10.5 287.8 1.5 0.8 6.8 45.9 14.8 45.5 61.6 30.8 1.0 4.7 17.7 32.5 15.9 7.2 1.2 299.8 22.5 261.8 0.0 15.4 299.8 1.5 1.4 6.2 46.5 13.9 49.7 59.5 30.4 1.0 5.0 16.2 37.8 20.6 8.0 2.1 333.4 23.5 286.2 0.0 23.6 333.4 1.5 1.1 8.9 50.9 13.6 54.6 57.0 31.5 0.9 6.3 16.2 48.3 33.5 7.0 2.1 374.6 24.7 335.5 0.0 14.4 374.6 1.4 0.9 8.0 52.7 13.6 67.7 59.3 32.8 1.1 7.2 20.5 57.5 42.2 7.2 2.4 404.6 25.9 361.2 0.0 17.4 404.6 1.4 0.8 7.8 52.2 13.9 77.8 61.3 33.7 1.1 6.2 25.0 66.0 47.5 7.6 2.2 446.5 27.3 400.1 0.0 19.0 446.5 1.4 0.9 9.0 51.9 13.7 84.9 64.6 35.6 1.4 6.0 33.2 81.6 53.4 7.1 1.8 485.0 28.8 435.5 0.0 20.7 485.0 1.4 0.9 8.8 49.7 14.3 94.2 68.6 36.8 1.9 6.3 41.7 94.5 58.7 5.7 1.3 564.8 30.4 513.1 0.0 21.3 564.8 1.5 1.0 8.8 53.1 14.5 104.5 77.9 38.6 2.2 6.1 68.2 114.5 66.6 5.7 1.6 617.9 32.4 559.5 0.0 26.0 617.9 1.5 1.0 10.4 56.5 15.0 118.7 87.5 40.5 2.2 4.5 82.5 117.4 73.1 5.6 1.6 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21
FFA, 1995-2004, March 12, 2009
87
L.220 Commercial Mortgages
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21
Total liabilities Household sector Nonfinancial corporate business Nonfarm noncorporate business REITs Total assets Household sector Nonfinancial corporate business Nonfarm noncorporate business State and local governments Federal government Commercial banking Savings institutions Property-casualty insurance companies Life insurance companies Private pension funds State and local govt. retirement funds Agency- and GSE-backed mortgage pools ABS issuers Finance companies REITs
738.9 91.9 191.7 439.2 16.1 738.9 3.7 24.0 5.9 7.7 9.4 377.3 52.1 2.8 165.9 3.2 7.0 0.0 42.4 31.8 5.6
769.9 96.6 200.6 451.3 21.4 769.9 4.4 29.1 5.6 7.5 8.5 397.5 52.7 2.4 160.3 3.3 7.0 0.0 54.4 32.6 4.6
832.8 95.1 231.9 474.3 31.4 832.8 5.1 49.1 5.1 7.7 7.8 423.1 51.3 2.2 158.8 3.4 7.0 0.0 74.0 31.3 6.9
924.9 105.6 230.9 540.4 48.0 924.9 6.0 39.1 7.2 10.2 7.9 456.3 53.0 2.0 164.0 3.2 9.0 0.0 123.0 34.8 9.4
1064.2 112.5 307.5 580.1 64.1 1064.2 6.8 20.1 6.7 10.5 41.5 516.3 60.1 1.9 179.0 4.0 10.3 0.0 156.1 40.9 9.9
1171.1 126.6 326.2 652.3 65.9 1171.1 8.6 21.2 6.5 10.4 41.1 582.6 67.0 1.6 183.8 3.1 8.8 0.0 185.0 43.4 8.0
1282.0 148.1 375.6 691.8 66.5 1282.0 7.9 22.7 7.4 10.4 41.0 645.6 72.5 1.9 188.4 3.7 8.1 0.0 223.4 41.4 7.6
1381.8 174.0 404.0 727.9 75.8 1381.8 8.6 23.7 7.2 10.0 42.1 704.0 80.7 2.0 195.0 5.7 7.2 0.0 248.4 39.2 8.1
1508.8 159.9 479.8 785.6 83.4 1508.8 9.2 24.7 7.3 10.6 40.5 762.6 89.2 2.1 203.9 6.4 6.9 0.0 291.0 44.2 10.1
1680.0 174.9 527.3 873.2 104.6 1680.0 9.9 25.6 8.5 11.3 42.4 860.7 95.1 2.4 214.1 6.4 5.1 0.0 336.7 48.4 13.5
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21
L.221 Farm Mortgages (1)
Billions of dollars
1 2 3 4 5 6 7 8 9 10 11 12 Total liabilities (Farm business) Total assets Household sector Nonfarm noncorporate business State and local governments Federal government Commercial banking Savings institutions Life insurance companies State and local govt. retirement funds Government-sponsored enterprises Agency- and GSE-backed mortgage pools 71.7 71.7 12.1 0.4 1.4 6.2 20.2 0.3 8.2 0.0 22.5 0.4 74.4 74.4 12.8 0.4 1.4 5.8 21.2 0.3 8.6 0.0 23.5 0.4 78.5 78.5 14.0 0.4 1.4 4.9 23.2 0.4 8.9 0.0 25.0 0.4 83.1 83.1 13.7 0.5 1.3 4.5 25.2 0.4 9.9 0.0 27.0 0.5 87.2 87.2 13.1 0.5 1.3 4.3 27.6 0.5 10.6 0.0 28.1 1.3 84.7 84.7 6.1 0.5 1.3 4.1 29.8 0.5 11.1 0.0 29.7 1.6 88.5 88.5 5.2 0.5 1.3 4.0 31.1 0.5 11.2 0.0 33.1 1.7 95.4 95.4 5.8 0.5 1.2 3.7 33.1 0.6 11.4 0.0 38.8 0.4 94.1 94.1 4.2 0.5 1.3 3.4 32.9 0.6 11.4 0.0 38.7 1.0 96.9 96.9 5.3 0.6 1.4 3.2 35.2 0.6 10.9 0.0 38.6 0.9 1 2 3 4 5 6 7 8 9 10 11 12
(1) Excludes mortgages on farm houses.
88
FFA, 1995-2004, March 12, 2009
L.222 Consumer Credit
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11
Total liabilities (Households) Total assets Nonfinancial corporate business Nonfarm noncorporate business Federal government Commercial banking Savings institutions Credit unions Government-sponsored enterprises ABS issuers Finance companies
1168.2 1168.2 85.1 0.0 9.2 502.3 40.1 131.9 34.3 213.1 152.1
1273.9 1273.9 77.7 0.0 17.7 527.5 44.7 144.1 33.8 273.5 154.9
1344.2 1344.2 84.4 0.0 27.6 515.1 47.2 152.4 29.5 320.5 167.5
1441.3 1441.3 79.3 0.0 36.5 512.0 52.4 155.4 28.4 393.9 183.3
1553.6 1553.6 76.1 0.0 48.0 507.8 61.7 167.9 33.8 456.7 201.6
1741.3 1741.3 81.5 0.0 59.7 551.1 64.8 184.4 37.0 528.4 234.4
1892.0 1892.0 73.1 0.0 72.5 568.4 71.1 189.6 39.4 598.0 280.0
1999.9 1999.9 74.7 0.0 80.5 602.6 68.7 195.7 36.9 633.3 307.5
2104.4 2104.4 58.5 0.0 82.4 669.4 77.9 205.9 20.6 596.8 393.0
2219.4 2219.4 58.6 0.0 86.1 704.3 91.3 215.4 0.0 571.5 492.3
1 2 3 4 5 6 7 8 9 10 11
L.223 Trade Credit
Billions of dollars
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Total trade payables Household sector Nonfinancial corporate business Nonfarm noncorporate business Farm business State and local governments Federal government Rest of the world Brokers and dealers Total trade receivables Nonfinancial corporate business Nonfarm noncorporate business State and local governments Federal government Rest of the world Property-casualty insurance companies ABS issuers Discrepancy 1443.2 101.1 877.5 86.2 11.6 228.9 81.1 46.5 10.3 1583.2 1184.9 140.3 77.3 23.1 49.3 57.3 50.9 -140.0 1553.9 109.1 927.0 116.8 13.0 247.1 81.8 44.8 14.3 1722.0 1273.1 169.8 82.9 24.0 54.9 57.2 60.1 -168.1 1681.5 118.0 992.1 147.8 14.1 266.6 72.9 50.0 19.9 1872.7 1361.1 204.9 89.2 20.8 55.8 59.9 81.0 -191.2 1786.1 126.8 1049.7 178.6 13.7 287.3 65.0 46.1 18.9 1995.9 1448.4 233.1 96.3 22.3 49.3 61.5 85.0 -209.8 2047.4 130.9 1228.2 213.3 13.5 310.1 70.2 50.4 30.9 2238.4 1657.6 272.6 104.9 22.9 49.7 63.6 67.2 -191.0 2440.6 134.7 1541.4 259.9 7.8 335.1 74.6 51.2 35.9 2616.6 1939.2 342.1 109.9 28.1 49.4 64.6 83.3 -176.0 2356.3 132.9 1437.7 255.0 8.1 361.9 78.0 43.5 39.2 2518.4 1817.9 343.9 115.9 35.5 46.2 69.9 89.1 -162.1 2443.0 152.0 1457.4 281.0 7.6 390.3 78.8 38.6 37.4 2440.2 1719.6 362.8 118.4 32.2 48.8 74.8 83.5 2.8 2465.4 156.8 1402.7 255.3 7.1 419.5 151.2 44.7 28.2 2439.5 1702.4 337.7 126.5 51.3 50.1 79.3 92.2 25.9 2659.8 173.3 1499.9 277.4 8.9 449.9 166.3 48.2 36.0 2622.8 1831.3 364.3 134.4 61.8 49.0 79.6 102.3 37.1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18
L.224 Security Credit
Billions of dollars
1 2 3 4 5 6 7 8 9 10 11 12 Total liabilities Household sector Rest of the world Brokers and dealers Customer credit balances (HH) From U.S.-chartered commercial banks From foreign banking offices in U.S. Total assets Household sector Rest of the world Commercial banking Brokers and dealers 305.7 78.6 0.0 227.1 127.6 65.1 34.4 305.7 127.6 0.0 99.5 78.6 358.1 94.4 0.0 263.7 162.9 60.2 40.6 358.1 162.9 0.0 100.8 94.4 469.1 131.2 0.0 337.9 215.5 64.4 58.0 469.1 215.5 0.0 122.5 131.2 572.2 152.8 0.0 419.5 276.7 76.3 66.5 572.2 276.7 0.0 142.8 152.8 676.6 227.9 0.0 448.7 323.9 67.6 57.2 676.6 323.9 0.0 124.8 227.9 822.7 235.1 0.0 587.6 412.4 74.7 100.5 822.7 412.4 0.0 175.2 235.1 825.9 196.4 0.0 629.5 454.3 81.9 93.3 825.9 454.3 0.0 175.2 196.4 738.8 148.2 0.0 590.6 412.7 79.2 98.7 738.8 412.7 0.0 177.9 148.2 858.8 182.5 0.0 676.3 475.4 91.4 109.5 858.8 475.4 0.0 200.9 182.5 1038.2 264.0 0.0 774.2 578.3 102.2 93.7 1038.2 578.3 0.0 195.8 264.0 1 2 3 4 5 6 7 8 9 10 11 12
FFA, 1995-2004, March 12, 2009
89
L.225 Life Insurance and Pension Fund Reserves
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
Life insurance reserves: 1 2 3 4 Total liabilities Federal government Life insurance companies Total assets (Households) Pension fund reserves: 5 6 7 8 9 10 Total liabilities Life insurance companies Private pension funds (1) State and local govt. retirement funds Federal government retirement funds (2) Total assets (Households) (3) 5715.3 890.6 2939.4 1344.2 541.1 5715.3 6377.5 974.0 3268.5 1529.2 605.8 6377.5 7354.8 1116.3 3759.9 1819.5 659.1 7354.8 8264.5 1288.4 4198.1 2061.9 716.0 8264.5 9265.2 1478.4 4651.5 2361.3 774.0 9265.2 9166.0 1526.3 4508.1 2335.0 796.7 9166.0 8766.4 1558.5 4094.7 2253.5 859.7 8766.4 8198.0 1604.9 3719.2 1980.0 893.8 8198.0 9722.4 1803.2 4561.6 2399.1 958.5 9722.4 10632.6 2027.9 4955.8 2625.6 1023.3 10632.6 5 6 7 8 9 10 566.2 29.9 536.3 566.2 610.6 30.5 580.1 610.6 665.0 32.3 632.7 665.0 718.3 33.6 684.7 718.3 783.9 35.0 748.9 783.9 819.1 36.4 782.7 819.1 880.0 37.8 842.2 880.0 920.9 39.4 881.6 920.9 1013.2 40.5 972.7 1013.2 1060.4 41.6 1018.8 1060.4 1 2 3 4
(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 2 3 4 5 6 7 8 9 10 11 12 13 Total taxes payable by all businesses Nonfinancial corporate business Nonfarm noncorporate business U.S.-chartered commercial banks Savings institutions Property-casualty insurance companies Life insurance companies Finance companies Brokers and dealers Total business taxes receivable State and local governments Federal government Discrepancy 99.3 40.3 33.4 2.8 1.6 3.3 12.0 4.9 1.1 35.9 18.6 17.3 63.4 113.9 49.9 35.7 4.0 1.1 3.9 12.5 5.7 1.3 104.2 14.0 90.2 9.7 116.8 59.2 39.9 5.4 1.7 4.4 -1.6 6.5 1.3 97.2 14.3 82.9 19.6 129.4 64.1 44.1 7.1 2.4 3.3 -0.1 7.3 1.3 96.3 17.1 79.2 33.1 148.6 71.0 53.0 9.0 1.5 3.4 0.5 8.1 2.2 111.3 27.6 83.7 37.3 170.4 78.0 64.6 11.1 2.0 3.4 0.1 9.1 2.1 124.6 42.4 82.2 45.8 181.8 81.0 68.7 13.5 3.0 3.7 -0.3 10.2 1.9 135.5 46.1 89.4 46.3 183.0 93.0 70.2 16.2 2.2 -3.7 -7.7 11.6 1.3 145.2 50.8 94.4 37.8 182.7 81.2 69.7 19.1 2.6 1.0 -5.8 13.2 1.8 159.8 68.4 91.4 23.0 207.8 88.0 78.0 22.2 3.6 1.5 -2.7 15.0 2.2 179.7 89.0 90.7 28.1 1 2 3 4 5 6 7 8 9 10 11 12 13
L.227 Proprietors’ Equity in Noncorporate Business
Billions of dollars
1 2 3 4 Total household equity Nonfarm noncorporate business Farm business Brokers and dealers 3486.6 2711.5 769.7 5.4 3702.2 2870.5 825.2 6.5 3907.7 3043.5 854.8 9.5 4121.4 3244.7 867.1 9.6 4320.5 3400.1 908.8 11.5 4695.3 3712.5 971.1 11.7 4822.9 3810.5 1006.2 6.2 5041.7 3981.7 1055.0 5.0 5544.4 4406.4 1133.2 4.8 6369.3 5024.1 1340.8 4.4 1 2 3 4
90
FFA, 1995-2004, March 12, 2009
L.228 Total Miscellaneous Financial Claims
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42
Total liabilities Household sector Nonfinancial corporate business Nonfarm noncorporate business Federal government Rest of the world Monetary authority Commercial banking Savings institutions Credit unions Property-casualty insurance companies Life insurance companies Government-sponsored enterprises Finance companies REITs Brokers and dealers Funding corporations Total assets Household sector Nonfinancial corporate business Nonfarm noncorporate business Farm business State and local governments Federal government Rest of the world Monetary authority Commercial banking Savings institutions Credit unions Property-casualty insurance companies Life insurance companies Private pension funds State and local govt. retirement funds Federal government retirement funds Money market mutual funds Mutual funds Government-sponsored enterprises Finance companies REITs Brokers and dealers Funding corporations Discrepancy
6337.0 17.5 2151.3 214.8 513.0 1007.8 6.6 848.4 45.5 4.5 501.6 514.5 65.1 218.9 6.7 85.4 135.3 7258.3 328.3 3062.9 167.0 32.4 104.2 116.9 892.5 10.7 797.8 54.7 13.9 37.8 105.1 501.2 4.8 506.3 39.4 6.3 26.9 18.2 7.3 258.2 165.5 -921.3
6746.3 18.3 2261.4 245.5 568.7 1093.3 6.6 863.0 43.7 4.6 509.9 547.4 65.7 222.6 9.2 110.1 176.5 8018.9 338.9 3407.7 203.5 32.3 112.7 110.2 1004.1 11.2 823.7 52.9 13.7 33.6 73.7 545.2 5.5 561.4 43.8 4.7 60.1 22.9 5.6 320.7 230.7 -1272.6
7271.9 18.6 2105.1 301.3 608.3 1351.8 8.7 1023.7 37.9 4.6 522.3 610.5 74.6 222.0 18.0 131.1 233.2 8906.5 351.5 3622.8 259.9 32.8 188.8 104.8 1176.3 13.2 934.0 49.7 17.6 42.8 65.7 574.2 5.6 601.7 58.1 11.8 67.7 37.3 10.5 391.8 288.0 -1634.7
8224.3 17.2 2488.3 392.9 649.6 1508.0 9.2 1115.2 33.8 5.2 527.7 624.2 95.6 211.6 31.6 176.4 337.8 10348.0 360.8 4475.0 382.1 36.1 190.4 101.2 1272.0 16.1 1065.2 62.1 24.3 47.0 69.2 584.5 5.8 642.9 65.7 7.7 67.6 3.1 21.2 499.3 348.7 -2123.7
9448.4 19.4 2831.5 466.5 690.6 1990.7 8.3 1077.4 20.8 6.0 534.4 651.8 90.1 283.7 36.2 183.6 557.4 11949.7 372.6 5427.5 463.8 37.3 176.8 100.3 1606.6 16.8 1097.7 60.0 8.0 50.6 36.9 587.6 7.1 684.0 90.6 4.2 72.5 17.2 20.0 522.8 488.9 -2501.3
10590.3 19.6 3353.5 552.6 711.3 2073.0 9.3 1257.8 31.8 5.6 543.0 631.2 94.0 417.6 38.0 182.7 669.2 14084.4 378.7 6724.7 553.7 37.7 151.6 98.9 2094.1 19.3 1183.3 67.6 12.9 51.8 55.6 527.3 8.2 704.9 68.3 3.5 63.4 51.7 22.7 655.1 549.2 -3494.1
11095.3 19.1 3456.5 607.3 772.0 2064.8 7.0 1256.6 46.8 3.8 574.6 631.2 141.5 471.5 38.0 374.6 629.9 14808.8 397.8 6940.5 683.6 38.9 133.9 100.3 2218.8 20.3 1332.4 84.2 18.3 54.4 40.1 426.8 10.0 765.8 65.1 0.9 68.9 67.5 22.9 821.0 496.6 -3713.5
11653.8 20.0 3515.4 625.9 800.9 2299.6 8.1 1430.8 61.5 5.7 615.7 656.5 169.2 539.2 40.7 301.7 562.9 15278.0 434.2 7062.2 724.2 39.9 105.4 100.3 2380.8 19.6 1427.6 103.3 30.4 84.1 46.8 408.4 10.4 790.3 56.5 0.9 90.9 81.1 25.0 723.7 532.1 -3624.2
12226.8 20.9 3409.0 648.8 843.6 2532.4 8.3 1553.6 28.0 7.4 667.2 761.3 145.8 666.4 42.2 346.3 545.6 15558.1 489.1 7117.4 774.7 41.2 83.5 101.7 2117.4 18.2 1510.9 98.1 26.3 85.0 74.7 474.8 11.3 815.0 56.2 2.0 109.4 120.5 29.2 858.8 542.7 -3331.3
13753.2 22.5 3583.0 717.6 901.6 3351.0 12.5 1700.0 33.1 9.3 708.3 814.7 141.7 719.6 50.0 421.7 566.6 17293.0 541.5 7699.1 1009.5 43.2 80.0 102.3 2498.5 18.6 1638.5 166.7 24.5 87.3 126.6 479.6 15.9 855.9 53.3 7.0 113.9 94.5 40.4 994.0 602.2 -3539.8
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42
FFA, 1995-2004, March 12, 2009
91
L.229 Identified Miscellaneous Financial Claims - Part I
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
U.S. direct investment abroad: 1 2 3 4 5 6 7 Liab.: Rest of the world Asset: Nonfinancial corporate business Commercial banking Property-casualty insurance companies Life insurance companies Finance companies Brokers and dealers Foreign direct investment in U.S.: 8 9 10 11 12 13 14 15 16 Liab.: Nonfinancial corporate business Nonfarm noncorporate business Commercial banking Property-casualty insurance companies Life insurance companies Finance companies Brokers and dealers Funding corporations Asset: Rest of the world Federal government equity in IBRD, etc.: 17 18 Liab.: Rest of the world Asset: Federal government Federal Reserve Bank stock: 19 20 Liab.: Monetary authority Asset: Commercial banking Equity in government-sponsored enterprises: 21 22 23 24 25 26 27 28 29 Liab.: Government-sponsored enterprises Asset: Nonfin. corporate business (Fannie Mae) Nonfarm noncorporate (BC) Farm business (FICB and FLB) Federal government Commercial banks (FHLB) Savings institutions (FHLB) Credit unions (FHLB) Life insurance companies (FHLB) BHC investment in subsidiaries: 30 31 32 33 34 Liab.: Commercial banking Savings institutions Finance companies Brokers and dealers Asset: Bank holding companies NFC inv. in finance company subs.: 35 36 Liab.: Finance companies Asset: Nonfinancial corporate business Funding corp. investment in subs.: 37 38 39 Liab.: Foreign banking offices in U.S. Brokers and dealers Asset: Funding corporations 50.7 114.8 165.5 64.5 166.3 230.7 78.8 209.2 288.0 90.6 258.2 348.7 93.0 395.8 488.9 138.7 410.5 549.2 108.7 387.9 496.6 127.3 404.8 532.1 134.7 408.0 542.7 167.7 434.5 602.2 37 38 39 22.5 22.5 23.0 23.0 28.0 28.0 45.7 45.7 28.6 28.6 29.4 29.4 11.6 11.6 18.5 18.5 21.0 21.0 23.6 23.6 35 36 344.3 4.5 28.6 31.6 408.9 372.9 4.7 31.5 28.7 437.8 413.6 5.0 35.2 49.7 503.5 469.0 5.4 8.3 120.2 603.0 471.9 6.0 83.9 61.4 623.1 525.4 6.6 109.2 73.9 715.1 586.1 7.4 144.9 67.2 805.6 639.2 8.3 161.1 50.0 858.5 689.8 9.3 181.8 73.9 954.8 857.0 10.5 234.1 96.7 1198.2 30 31 32 33 34 18.3 0.0 1.0 2.2 0.0 5.8 9.1 0.2 0.1 19.7 0.0 1.7 1.5 0.0 6.7 9.5 0.2 0.2 21.5 0.0 1.7 1.5 0.0 8.0 9.9 0.2 0.2 25.5 0.0 1.6 1.7 0.0 10.0 11.8 0.3 0.2 31.6 0.0 1.6 1.6 0.0 13.0 14.5 0.5 0.3 33.8 0.0 1.6 1.6 0.0 13.8 15.7 0.6 0.4 37.1 0.0 1.8 2.0 0.0 15.2 17.0 0.9 0.3 39.1 0.0 1.8 2.1 0.0 17.5 16.0 1.2 0.5 42.3 0.0 2.1 2.5 0.0 18.7 16.4 1.4 1.1 44.8 0.0 2.0 2.7 0.0 19.3 17.4 1.7 1.7 21 22 23 24 25 26 27 28 29 4.0 4.0 4.6 4.6 5.4 5.4 6.0 6.0 6.4 6.4 7.0 7.0 7.4 7.4 8.4 8.4 8.8 8.8 11.9 11.9 19 20 27.4 27.4 29.2 29.2 30.8 30.8 32.4 32.4 33.9 33.9 35.4 35.4 37.1 37.1 38.6 38.6 40.0 40.0 42.0 42.0 17 18 640.2 2.8 32.7 36.8 13.8 24.8 11.1 -82.2 680.1 696.0 4.0 30.3 38.5 17.6 29.7 8.8 -79.2 745.6 747.2 3.9 38.8 46.2 25.2 35.7 8.5 -81.2 824.1 807.6 3.4 46.1 47.3 27.3 37.2 10.7 -59.5 920.0 898.8 3.3 62.0 51.5 32.1 48.6 13.9 -8.5 1101.7 1110.2 3.4 64.2 60.9 42.9 63.2 20.1 56.1 1421.0 1228.2 2.9 67.2 66.4 38.8 68.6 72.2 -25.9 1518.5 1163.3 2.8 73.3 63.3 49.6 49.9 78.6 19.1 1500.0 1192.5 2.4 85.2 68.2 46.6 68.1 87.3 30.7 1581.0 1231.2 2.4 122.7 61.4 66.6 71.4 94.9 92.1 1742.7 8 9 10 11 12 13 14 15 16 885.5 778.7 37.9 37.8 5.6 22.8 2.8 989.8 866.5 42.8 33.6 6.6 27.9 12.4 1068.1 933.1 44.2 42.8 8.6 35.1 4.2 1196.0 1041.0 31.2 47.0 11.1 58.0 7.7 1414.4 1227.7 35.2 50.6 16.2 69.9 14.7 1531.6 1322.2 43.5 51.8 17.5 76.6 20.0 1693.1 1462.7 49.6 54.4 18.2 93.9 14.3 1867.0 1583.9 49.9 84.1 24.5 111.7 12.9 2054.5 1718.5 56.3 85.0 27.9 151.3 15.4 2498.5 2056.6 91.2 87.3 36.5 202.5 24.3 1 2 3 4 5 6 7
92
FFA, 1995-2004, March 12, 2009
L.230 Identified Miscellaneous Financial Claims - Part II
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
Nonofficial foreign currencies: 1 2 3 Liab.: Rest of the world Asset: Federal government Monetary authority (1) Postal Savings System deposits: 4 5 Liab.: Federal government Asset: Household sector Deposits at Federal Home Loan Banks: 6 7 Liab.: Government-sponsored enterprises Asset: Savings institutions Deferred and unpaid life insurance premiums: 8 9 Liab.: Household sector Asset: Life insurance companies Life insurance company reserves: 10 11 12 13 14 Liab.: Life insurance companies Health Policy dividend accumulation Policy and contract claims Asset: Household sector Policy payables: 15 16 17 18 19 Liab.: Property-casualty insurance companies Asset: Household sector Nonfinancial corporate business Nonfarm noncorporate business Farm business Unallocated insurance company contracts: 20 21 Liab.: Life insurance companies Asset: Private pension funds Pension fund contributions payable: 22 23 Liab.: Nonfinancial corporate business Asset: Private pension funds Securities borrowed (net): 24 25 Liab.: Funding corporations Asset: Brokers and dealers Nonmarketable government securities: 26 27 Liab.: Federal government Asset: Federal government retirement funds Retiree Health Care Funds (2): 28 29 Liab.: Federal government Asset: Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4.6 4.6 22.8 22.8 40.1 40.1 28 29 506.3 506.3 561.4 561.4 601.7 601.7 642.9 642.9 684.0 684.0 704.9 704.9 765.8 765.8 790.3 790.3 815.0 815.0 855.9 855.9 26 27 216.2 216.2 276.1 276.1 333.3 333.3 403.3 403.3 419.5 419.5 508.2 508.2 578.3 578.3 575.4 575.4 678.0 678.0 764.8 764.8 24 25 83.8 83.8 89.2 89.2 97.6 97.6 110.5 110.5 92.1 92.1 73.0 73.0 48.4 48.4 49.9 49.9 49.8 49.8 46.6 46.6 22 23 322.2 322.2 341.0 341.0 351.7 351.7 344.3 344.3 346.0 346.0 308.2 308.2 275.8 275.8 249.6 249.6 317.0 317.0 328.4 328.4 20 21 464.8 206.8 183.6 44.2 30.2 471.4 209.6 186.2 44.8 30.8 476.2 211.6 188.1 45.2 31.3 480.4 210.5 189.8 45.6 34.5 482.9 210.6 190.8 45.9 35.7 482.1 209.9 190.4 45.8 36.0 508.2 222.4 200.8 48.3 36.8 552.4 243.9 218.2 52.5 37.8 599.0 266.8 236.6 56.9 38.7 646.9 290.4 255.5 60.5 40.5 15 16 17 18 19 121.5 63.2 33.7 24.6 121.5 129.3 69.4 34.5 25.4 129.3 140.0 75.7 36.4 27.8 140.0 150.3 83.0 37.1 30.2 150.3 162.0 93.5 38.4 30.1 162.0 168.9 97.4 39.5 32.0 168.9 175.4 100.5 40.4 34.4 175.4 185.6 110.6 40.6 34.5 185.6 199.5 121.5 40.5 37.5 199.5 211.0 131.3 41.7 38.0 211.0 10 11 12 13 14 17.5 17.5 18.3 18.3 18.6 18.6 17.2 17.2 19.4 19.4 19.6 19.6 19.1 19.1 20.0 20.0 20.9 20.9 22.5 22.5 8 9 19.3 19.3 18.0 18.0 18.0 18.0 24.9 24.9 17.1 17.1 17.1 17.1 25.7 25.7 27.6 27.6 20.5 20.5 18.4 18.4 6 7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4 5 2.3 2.3 0.0 2.1 2.1 0.0 2.1 2.1 0.0 1.9 1.9 0.0 2.6 2.6 0.0 2.6 2.6 0.0 2.5 2.5 0.0 2.6 2.6 0.0 2.8 2.8 0.0 2.8 2.8 0.0 1 2 3
(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.
FFA, 1995-2004, March 12, 2009
93
L.231 Unidentified Miscellaneous Financial Claims
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43
Total liabilities Nonfinancial corporate business Nonfarm noncorporate business Federal government Rest of the world Monetary authority Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies Banks in U.S.-affiliated areas Savings institutions Credit unions Life insurance companies Government-sponsored enterprises Finance companies REITs Brokers and dealers Funding corporations Total assets Nonfinancial corporate business Nonfarm noncorporate business State and local governments Federal government Rest of the world Monetary authority Commercial banking U.S.-chartered commercial banks Foreign banking offices in U.S. Bank holding companies Banks in U.S.-affiliated areas Savings institutions Credit unions Life insurance companies Private pension funds State and local govt. retirement funds Mutual funds Money market mutual funds Government-sponsored enterprises Finance companies REITs Brokers and dealers Discrepancy
2371.2 1427.3 212.0 6.7 92.6 2.6 420.7 160.7 225.1 24.6 10.3 41.0 4.5 57.0 27.6 143.0 6.7 -72.0 1.3 3292.5 2078.2 121.9 104.2 87.2 212.5 10.7 341.2 78.9 218.5 39.8 4.0 26.4 13.8 81.9 95.3 4.8 6.3 39.4 26.9 -4.6 7.3 39.2 -921.3
2359.1 1476.3 241.5 7.3 72.2 2.0 395.4 147.7 200.5 36.3 10.9 39.0 4.6 59.5 28.0 138.4 9.2 -93.6 -20.3 3631.7 2332.0 157.1 112.7 78.8 258.5 11.2 331.8 78.7 197.2 51.1 4.8 25.3 13.6 48.7 115.1 5.5 4.7 43.8 60.1 -5.0 5.6 32.2 -1272.6
2463.3 1260.4 297.5 6.6 250.9 3.2 492.5 185.1 233.9 57.9 15.6 32.9 4.6 93.7 35.1 123.2 18.0 -136.3 -18.9 4098.0 2473.6 213.0 188.8 71.9 352.1 13.2 372.9 87.6 234.3 44.4 6.6 21.7 17.3 38.3 124.9 5.6 11.8 58.1 67.7 2.2 10.5 54.4 -1634.7
2871.4 1570.2 389.6 6.7 277.7 3.3 509.6 193.0 220.6 74.1 21.9 28.3 5.2 102.3 45.2 120.4 31.6 -212.7 -6.0 4995.2 3198.5 334.9 190.4 66.9 351.9 16.1 415.1 114.3 234.5 56.5 9.7 25.5 24.0 40.7 129.7 5.8 7.7 65.7 67.6 -54.9 21.2 88.4 -2123.7
3494.2 1840.7 463.2 6.6 539.9 1.9 450.6 181.2 157.2 88.1 24.1 14.8 6.0 111.6 41.5 122.6 36.2 -287.6 146.3 5995.6 3980.4 416.3 176.8 63.9 504.9 16.8 419.9 121.0 204.9 85.4 8.7 28.4 7.4 0.9 149.5 7.1 4.2 90.6 72.5 -52.7 20.0 88.6 -2501.3
3983.2 2170.3 549.2 6.4 503.5 2.3 529.5 263.2 137.2 104.4 24.8 25.2 5.6 111.3 43.1 215.7 38.0 -321.8 104.9 7477.3 5182.6 506.2 151.6 61.0 673.1 19.3 403.9 113.9 177.1 106.3 6.6 34.8 12.3 18.2 146.2 8.2 3.5 68.3 63.4 -24.8 22.7 126.9 -3494.1
4089.1 2179.9 604.3 6.2 332.1 -0.3 494.5 173.7 141.0 150.8 29.0 39.4 3.8 141.2 78.7 246.3 38.0 -152.6 77.6 7802.7 5265.4 633.5 133.9 60.7 700.3 20.3 454.6 142.7 187.2 112.2 12.5 41.6 17.4 2.5 102.6 10.0 0.9 65.1 68.9 -26.5 22.9 228.4 -3713.5
4333.6 2302.1 623.1 6.0 391.4 -0.2 590.9 210.6 161.2 190.9 28.3 53.2 5.7 171.7 102.5 309.8 40.7 -231.6 -31.6 7957.8 5241.5 670.0 105.4 59.1 880.9 19.6 493.2 163.0 184.2 139.5 6.4 59.7 29.2 1.8 108.9 10.4 0.9 56.5 90.9 -30.6 25.0 135.4 -3624.2
4256.6 2166.8 646.5 5.8 435.1 -0.6 644.0 262.4 108.5 241.4 31.7 18.7 7.4 198.2 83.1 395.4 42.2 -222.8 -163.1 7587.9 5141.3 715.7 83.5 58.9 536.4 18.2 472.2 156.5 149.5 161.9 4.3 61.1 24.9 24.8 108.0 11.3 2.0 56.2 109.4 -30.8 29.2 165.4 -3331.3
4651.9 2305.1 715.2 5.6 807.8 0.6 552.6 319.7 -81.2 271.6 42.5 22.6 9.3 208.7 78.5 390.5 50.0 -204.4 -290.3 8191.7 5363.4 947.1 80.0 57.5 755.8 18.6 317.8 93.2 25.0 194.4 5.2 130.9 22.8 65.9 104.5 15.9 7.0 53.3 113.9 -108.0 40.4 204.9 -3539.8
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43
94
FFA, 1995-2004, March 12, 2009
B.100 Balance Sheet of Households and Nonprofit Organizations (1)
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42
Assets Tangible assets Real estate Households (2,3) Nonprofit organizations Equipment and software owned by nonprofit organizations (4) Consumer durable goods (4) Financial assets Deposits Foreign deposits Checkable deposits and currency Time and savings deposits Money market fund shares Credit market instruments Open market paper Treasury securities Savings bonds Other Treasury Agency- and GSE-backed securities Municipal securities Corporate and foreign bonds Other loans and advances (5) Mortgages Corporate equities (2) Mutual fund shares (6) Security credit Life insurance reserves Pension fund reserves Equity in noncorporate business (7) Miscellaneous assets Liabilities Credit market instruments Home mortgages (8) Consumer credit Municipal securities (9) Bank loans n.e.c. Other loans and advances Commercial mortgages (9) Security credit Trade payables (9) Deferred and unpaid life insurance premiums Net worth Memo: Replacement-cost value of structures: Residential Households Farm households Nonprofit organizations Nonresidential (nonprofits) Disposable personal income Household net worth as percentage of disposable personal income Owners’ equity in household real estate (10) Owners’ equity as percentage of household real estate (11)
32752.8 11242.5 8766.9 7984.3 782.6 105.0 2370.7 21510.2 3357.4 23.4 561.9 2299.7 472.4 2241.7 71.7 833.6 185.0 648.6 223.0 533.4 466.5 0.1 113.3 4434.2 1253.0 127.6 566.2 5715.3 3486.6 328.3 5053.9 4856.7 3334.4 1168.2 96.4 57.4 108.4 91.9 78.6 101.1 17.5 27698.9
35162.5 11772.5 9195.4 8363.0 832.4 108.9 2468.3 23390.0 3499.9 35.5 494.7 2441.8 527.9 2424.2 75.8 894.2 187.0 707.2 340.8 493.0 514.6 0.1 105.8 4712.2 1561.5 162.9 610.6 6377.5 3702.2 338.9 5414.9 5193.1 3539.8 1273.9 102.4 58.0 122.3 96.6 94.4 109.1 18.3 29747.6
39044.2 12388.1 9710.9 8775.2 935.8 115.5 2561.7 26656.1 3666.1 37.2 448.1 2578.5 602.3 2402.5 77.1 803.1 186.5 616.6 398.9 497.6 526.9 0.2 98.7 6144.3 1948.8 215.5 665.0 7354.8 3907.7 351.5 5762.1 5494.3 3755.9 1344.2 109.6 66.5 123.0 95.1 131.2 118.0 18.6 33282.2
43354.3 13411.8 10604.2 9553.7 1050.5 124.6 2682.9 29942.5 3882.3 37.7 463.8 2674.1 706.6 2455.6 80.2 739.5 186.6 552.8 452.3 498.7 590.5 0.2 94.3 7511.2 2351.8 276.7 718.3 8264.5 4121.4 360.8 6217.0 5920.3 4057.5 1441.3 121.3 72.0 122.6 105.6 152.8 126.8 17.2 37137.3
48911.0 14538.8 11569.7 10443.0 1126.6 134.0 2835.0 34372.3 4050.7 40.7 417.7 2776.2 816.1 2590.8 84.9 814.4 186.4 628.0 552.0 528.1 509.4 0.6 101.6 9769.9 2894.9 323.9 783.9 9265.2 4320.5 372.6 6794.4 6416.1 4435.2 1553.6 131.7 65.2 117.8 112.5 227.9 130.9 19.4 42116.7
49418.9 16237.4 13077.5 11840.7 1236.8 145.0 3014.9 33181.6 4377.3 48.3 335.1 3034.1 959.8 2481.2 97.3 584.8 184.8 400.1 608.7 531.2 553.9 1.9 103.4 8147.3 2704.2 412.4 819.1 9166.0 4695.3 378.7 7400.1 7010.7 4820.9 1741.3 137.5 65.4 119.1 126.6 235.1 134.7 19.6 42018.8
49780.3 17744.9 14446.1 13204.0 1242.1 154.7 3144.2 32035.4 4877.0 48.7 407.2 3307.8 1113.2 2392.9 97.3 445.0 190.3 254.6 441.5 580.8 717.0 2.6 108.7 6829.5 2614.6 454.3 880.0 8766.4 4822.9 397.8 8031.2 7682.9 5327.8 1892.0 151.3 43.6 120.0 148.1 196.4 132.9 19.1 41749.1
49356.1 19262.5 15820.8 14506.9 1313.9 168.7 3273.0 30093.7 5154.5 49.9 414.5 3618.3 1071.7 2552.0 110.4 288.3 194.9 93.4 299.9 678.4 1056.4 2.8 116.0 5161.2 2218.4 412.7 920.9 8198.0 5041.7 434.2 8833.9 8513.7 6034.2 1999.9 164.2 21.1 120.2 174.0 148.2 152.0 20.0 40522.3
56233.1 21162.1 17598.3 16176.8 1421.5 183.4 3380.3 35071.0 5350.6 52.1 399.0 3939.4 960.2 2783.9 105.9 441.5 203.8 237.7 437.3 703.8 971.1 3.1 121.3 6787.7 2904.3 475.4 1013.2 9722.4 5544.4 489.1 9860.3 9500.1 6886.0 2104.4 178.3 52.8 118.7 159.9 182.5 156.8 20.9 46372.8
62909.7 23969.3 20205.3 18619.3 1586.0 199.3 3564.8 38940.3 5742.6 57.5 370.3 4410.7 904.1 3102.4 136.1 535.4 204.4 331.0 405.4 742.4 1145.1 5.9 132.1 7495.9 3417.4 578.3 1060.4 10632.6 6369.3 541.5 11035.7 10576.0 7838.6 2219.4 188.6 35.5 119.0 174.9 264.0 173.3 22.5 51873.9
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42
43 44 45 46 47 48 49 50 51
6104.9 5816.6 171.3 117.0 590.9 5408.2 512.2 4649.9 58.2
6464.0 6167.5 176.8 119.7 618.5 5688.5 522.9 4823.1 57.7
6836.4 6525.3 187.1 124.0 660.9 5988.8 555.7 5019.2 57.2
7304.0 6977.6 197.1 129.3 710.3 6395.9 580.6 5496.2 57.5
7886.7 7541.6 210.8 134.4 760.4 6694.9 629.1 6007.8 57.5
8468.4 8105.6 223.1 139.7 813.2 7194.0 584.1 7019.8 59.3
9141.9 8760.7 235.3 145.9 866.6 7486.8 557.6 7876.2 59.7
9765.6 9369.3 244.9 151.3 907.3 7830.1 517.5 8472.7 58.4
10657.4 10239.3 259.7 158.5 957.8 8162.5 568.1 9290.8 57.4
11997.5 11545.1 281.0 171.4 1062.1 8680.9 597.6 10780.7 57.9
43 44 45 46 47 48 49 50 51
(1) Sector includes farm households. (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 noncorporate business (table B.103, line 31) and owners’ equity in farm business and 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 22. (9) Liabilities of nonprofit organizations. (10) Line 4 less line 33. (11) Line 50 divided by line 4.
FFA, 1995-2004, March 12, 2009
95
B.102 Balance Sheet of Nonfarm Nonfinancial Corporate Business
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
With tangible assets stated at either market value or replacement cost: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 Assets Tangible assets Real estate (1) Equipment and software (2) Inventories (2) Financial assets Foreign deposits Checkable deposits and currency Time and savings deposits Money market fund shares Security RPs Commercial paper Treasury securities Agency- and GSE-backed securities Municipal securities Mortgages Consumer credit Trade receivables Mutual fund shares (1) Miscellaneous assets Liabilities Credit market instruments Commercial paper Municipal securities (3) Corporate bonds (4) Bank loans n.e.c. Other loans and advances Mortgages Trade payables Taxes payable Miscellaneous liabilities Net worth (market value) Memo: Replacement-cost value of structures: Residential Nonresidential Market value of equities outstanding (includes corporate farm equities) Debt/net worth (percent) (5) Debt/equities (percent) (6) Equities/net worth (percent) (7) With tangible assets stated at historical cost: 39 40 41 42 43 44 Assets (8) Tangible assets Real estate Equipment and software Inventories Net worth (historical cost) (9) Memo: Historical-cost value of structures: Residential Nonresidential Debt/net worth (percent) (10) 9842.0 4883.4 1924.2 1927.7 1031.5 3832.4 10637.8 5180.1 2026.1 2086.3 1067.7 4259.2 11303.8 5495.1 2131.7 2264.4 1099.0 4675.1 12639.2 5823.1 2248.7 2437.1 1137.3 5181.6 14296.4 6202.6 2371.1 2632.7 1198.8 5889.1 16397.1 6624.6 2504.6 2849.8 1270.2 6785.7 16727.7 6828.8 2644.2 2975.0 1209.5 6918.2 16952.3 7010.4 2765.4 3013.5 1231.6 7029.4 17293.0 7184.1 2864.7 3050.3 1269.2 7425.6 18403.7 7472.1 2978.3 3104.2 1389.6 8054.4 39 40 41 42 43 44 11460.9 6502.4 3146.0 2286.6 1069.8 4958.5 17.4 205.1 99.7 60.0 2.4 20.1 57.1 23.4 36.8 57.9 85.1 1184.9 45.7 3062.9 6009.5 2940.4 157.4 134.8 1357.2 601.8 469.4 219.9 877.5 40.3 2151.3 5451.4 12306.4 6848.7 3337.7 2420.3 1090.7 5457.7 28.2 214.3 129.7 67.6 3.9 31.5 47.1 28.5 31.0 54.4 77.7 1273.1 63.0 3407.7 6378.6 3140.3 156.4 137.9 1485.2 642.1 488.1 230.6 927.0 49.9 2261.4 5927.9 13233.3 7424.5 3739.7 2551.5 1133.3 5808.7 23.1 206.9 164.4 87.8 4.6 36.1 26.8 8.0 27.4 80.2 84.4 1361.1 75.0 3622.8 6628.8 3472.4 168.6 142.0 1666.3 692.7 539.7 263.1 992.1 59.2 2105.1 6604.5 14829.6 8013.5 4161.4 2686.9 1165.2 6816.1 30.5 195.0 192.6 126.4 4.2 39.4 23.6 10.6 25.7 67.3 79.3 1448.4 98.0 4475.0 7457.6 3855.6 193.0 147.8 1881.2 768.8 600.4 264.4 1049.7 64.1 2488.3 7372.0 16649.3 8555.4 4439.0 2864.3 1252.1 8093.8 31.5 231.0 236.9 154.9 5.8 47.6 19.4 12.4 25.0 41.2 76.1 1657.6 127.0 5427.5 8407.3 4276.5 230.3 152.8 2107.1 808.8 633.1 344.4 1228.2 71.0 2831.5 8242.0 19018.4 9245.9 4845.5 3066.7 1333.6 9772.5 24.0 246.4 272.3 191.4 4.2 57.8 18.1 15.4 31.9 43.5 81.5 1939.2 121.9 6724.7 9611.4 4638.4 278.4 154.2 2271.1 852.7 715.8 366.3 1541.4 78.0 3353.5 9407.0 19127.8 9228.9 4796.0 3167.3 1265.6 9898.9 15.5 181.9 281.1 301.9 4.0 60.2 16.9 17.5 29.3 46.6 73.1 1817.9 112.5 6940.5 9809.5 4834.2 177.7 157.7 2614.5 743.7 721.5 419.1 1437.7 81.0 3456.5 9318.3 19478.8 9537.0 5040.3 3193.3 1303.4 9941.8 20.6 141.1 291.3 335.7 6.2 64.8 31.4 16.9 32.1 49.6 74.7 1719.6 95.8 7062.2 9922.8 4857.1 119.8 160.8 2747.9 635.5 743.4 449.7 1457.4 93.0 3515.4 9556.0 20074.0 9965.2 5369.6 3250.3 1345.3 10108.8 38.1 190.9 362.8 299.0 6.0 75.7 32.8 12.1 35.4 51.8 58.5 1702.4 125.9 7117.4 9867.4 4974.4 82.5 164.2 2900.1 548.3 750.3 529.1 1402.7 81.2 3409.0 10206.7 21697.8 10766.2 5934.5 3351.4 1480.3 10931.6 53.7 178.4 400.5 324.3 6.4 95.0 33.1 12.2 31.8 66.6 58.6 1831.3 140.5 7699.1 10349.3 5178.4 97.8 169.4 2975.5 547.2 805.4 583.2 1499.9 88.0 3583.0 11348.4 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32
33 34 35 36 37 38
76.6 3020.8 6406.8 53.9 45.9 117.5
80.0 3168.4 6804.3 53.0 46.2 114.8
84.6 3359.2 8674.7 52.6 40.0 131.3
90.0 3538.9 10962.4 52.3 35.2 148.7
94.5 3710.8 14476.8 51.9 29.5 175.6
99.5 3969.3 12444.5 49.3 37.3 132.3
105.0 4216.9 10868.6 51.9 44.5 116.6
110.1 4363.8 8212.4 50.8 59.1 85.9
116.1 4519.2 10845.4 48.7 45.9 106.3
126.9 5001.8 12086.2 45.6 42.8 106.5
33 34 35 36 37 38
45 46 47
32.5 1696.7 76.7
34.1 1792.5 73.7
35.8 1895.5 74.3
37.5 2013.6 74.4
39.6 2131.9 72.6
41.9 2271.6 68.4
44.3 2408.8 69.9
46.8 2514.7 69.1
49.6 2623.4 67.0
52.6 2735.7 64.3
45 46 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.
96
FFA, 1995-2004, March 12, 2009
B.103 Balance Sheet of Nonfarm Noncorporate Business
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
Assets Tangible assets Real estate (1) Residential Nonresidential Equipment and software (2) Residential (3) Nonresidential Inventories (2) Financial assets Checkable deposits and currency Time and savings deposits Money market fund shares Treasury securities Municipal securities Mortgages Consumer credit Trade receivables Miscellaneous assets Insurance receivables Equity investment in GSEs (4) Other Liabilities Credit market instruments Bank loans n.e.c. Other loans and advances Mortgages Trade payables Taxes payable Miscellaneous liabilities Net worth (5) Memo: Replacement-cost value of structures: Residential Nonresidential Debt/net worth (percent) (6)
4108.1 3560.0 3209.5 2365.0 844.6 294.2 35.6 258.6 56.3 548.1 104.7 71.5 17.0 23.6 2.2 21.7 0.0 140.3 167.0 44.2 1.0 121.9 1396.6 1062.1 164.7 92.4 805.0 86.2 33.4 214.8 2711.5
4399.6 3756.4 3394.2 2515.0 879.2 304.8 36.6 268.2 57.4 643.2 124.0 75.0 19.2 28.6 2.6 20.4 0.0 169.8 203.5 44.8 1.7 157.1 1529.1 1131.1 193.6 94.4 843.2 116.8 35.7 245.5 2870.5
4761.3 3987.5 3614.6 2664.1 950.5 313.3 36.5 276.8 59.6 773.8 146.2 85.7 22.9 32.2 3.2 18.7 0.0 204.9 259.9 45.2 1.7 213.0 1717.9 1228.8 237.3 100.6 890.9 147.8 39.9 301.3 3043.5
5264.6 4272.3 3882.3 2859.6 1022.7 328.6 36.8 291.8 61.3 992.3 150.9 126.5 32.6 38.0 2.8 26.3 0.0 233.1 382.1 45.6 1.6 334.9 2019.8 1404.2 262.1 107.1 1035.1 178.6 44.1 392.9 3244.7
5732.3 4556.2 4141.9 3061.0 1081.0 348.4 37.4 310.9 65.9 1176.1 155.6 179.5 40.7 37.2 2.7 24.1 0.0 272.6 463.8 45.9 1.6 416.3 2332.2 1599.4 312.8 116.5 1170.1 213.3 53.0 466.5 3400.1
6385.5 4962.6 4524.9 3337.6 1187.3 367.5 38.8 328.6 70.2 1422.9 164.1 247.6 49.4 40.2 2.4 23.4 0.0 342.1 553.7 45.8 1.6 506.2 2673.0 1795.8 361.2 126.9 1307.6 259.9 64.6 552.6 3712.5
6698.8 5119.9 4675.9 3509.8 1166.1 377.4 39.8 337.6 66.6 1578.8 164.5 254.7 59.0 42.8 3.5 26.8 0.0 343.9 683.6 48.3 1.8 633.5 2888.2 1957.3 405.3 123.2 1428.8 255.0 68.7 607.3 3810.5
7065.8 5408.8 4950.0 3756.9 1193.1 390.2 40.4 349.8 68.6 1657.0 167.1 269.2 61.3 42.8 3.4 26.2 0.0 362.8 724.2 52.5 1.8 670.0 3084.1 2107.1 430.4 126.9 1549.8 281.0 70.2 625.9 3981.7
7578.8 5842.2 5366.4 4129.7 1236.7 405.0 40.3 364.7 70.8 1736.6 172.9 313.8 63.6 44.9 2.7 26.3 0.0 337.7 774.7 56.9 2.1 715.7 3172.4 2198.7 441.7 131.6 1625.3 255.3 69.7 648.8 4406.4
8541.0 6435.4 5931.7 4619.6 1312.1 425.7 41.8 383.9 77.9 2105.6 259.2 318.0 69.2 50.2 4.3 30.8 0.0 364.3 1009.5 60.5 2.0 947.1 3516.8 2443.8 468.9 132.8 1842.1 277.4 78.0 717.6 5024.1
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
32 33 34
1658.4 728.0 39.2
1726.6 754.1 39.4
1809.6 793.4 40.4
1906.2 834.9 43.3
2005.5 874.0 47.0
2107.8 919.7 48.4
2217.9 959.8 51.4
2317.4 985.6 52.9
2451.2 1008.0 49.9
2678.0 1097.7 48.6
32 33 34
(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 23. Included in table B.100, line 29. (6) Line 24 divided by line 31.
FFA, 1995-2004, March 12, 2009
97
R.100 Change in Net Worth of Households and Nonprofit Organizations
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8
Change in net worth (1) Net investment Net physical investment Capital expenditures - Consumption of fixed capital Net financial investment Net acquisition of financial assets - Net increase in liabilities Holding gains on assets at market value (2) Real estate Corporate equities Mutual fund shares Equity in noncorporate business Life insurance and pension fund reserves Holding gains on assets at current cost (2) Consumer durable goods Equipment and software Other volume changes (3) Memo:
2749.5 424.8 275.6 861.0 585.4 149.2 471.1 321.9
2048.7 444.7 314.3 924.2 609.9 130.4 491.4 361.0
3534.5 409.7 351.2 986.2 635.0 58.5 405.5 346.9
3855.1 436.2 418.4 1085.7 667.3 17.8 472.7 454.9
4979.4 229.4 473.1 1179.7 706.6 -243.7 332.7 576.4
-97.8 -13.8 490.5 1245.4 754.9 -504.3 90.4 594.6
-269.7 313.3 493.9 1293.0 799.1 -180.6 450.5 631.1
-1226.8 172.1 529.0 1363.0 834.0 -356.9 445.7 802.7
5850.5 423.0 585.8 1459.0 873.2 -162.8 861.3 1024.1
5501.2 573.2 641.1 1581.7 940.6 -67.9 1092.7 1160.6
1 2 3 4 5 6 7 8
9 10 11 12 13 14
2309.0 194.7 1209.6 109.7 144.8 650.1
1548.7 236.7 435.1 145.5 220.8 510.7
3160.7 301.2 1650.8 182.6 267.3 758.8
3433.4 644.0 1651.9 207.0 297.5 633.0
4708.0 707.1 2411.9 471.0 285.3 832.6
15.6 1233.8 -984.9 -257.5 409.9 -385.7
-529.9 1086.0 -829.7 -250.6 146.6 -682.2
-1428.7 1087.1 -1480.8 -489.1 304.6 -850.6
5294.2 1410.1 1708.2 411.5 473.1 1291.3
4867.1 2196.9 966.4 296.7 771.2 635.9
9 10 11 12 13 14
15 16 17 18
5.7 5.4 0.3 10.0
-14.7 -13.5 -1.3 70.0
-38.6 -36.2 -2.4 2.7
-41.7 -39.7 -2.0 27.3
-46.2 -45.0 -1.3 88.2
-26.8 -26.1 -0.7 -72.9
-65.8 -65.1 -0.7 12.7
-76.5 -76.5 -0.1 106.3
-98.2 -98.4 0.2 231.4
-22.2 -22.1 -0.1 83.1
15 16 17 18
19 20
Net worth outstanding (4) Disposable personal income
27698.9 5408.2
29747.6 5688.5
33282.2 5988.8
37137.3 6395.9
42116.7 6694.9
42018.8 7194.0
41749.1 7486.8
40522.3 7830.1
46372.8 8162.5
51873.9 8680.9
19 20
(1) Sum of net investment (line 2), holding gains (lines 9 and 15), and other volume changes (line 18). (2) Calculated as change in amount outstanding less net purchases during period. (3) Consists of the difference between series for consumption of fixed capital published by BEA and statistical discontinuities. (4) Table B.100, line 42.
98
FFA, 1995-2004, March 12, 2009
R.102 Change in Net Worth of Nonfarm Nonfinancial Corporate Business
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11
Change in net worth (1) Net investment Net physical investment Capital expenditures - Consumption of fixed capital - Inventory valuation adjustment - Nonproduced nonfinancial assets Net financial investment Net acquisition of financial assets - Net increase in liabilities Net corporate equity issues Holding gains on assets at market value (2) Real estate Mutual fund shares Holding gains on assets less liabilities at current cost (2) Equipment and software Inventories (3) Direct investment abroad - Foreign direct investment in U.S. Other volume changes (4) Memo:
420.1 200.0 222.8 617.6 412.5 -18.3 0.6 35.5 426.4 390.8 -58.3
476.5 212.6 204.4 638.9 433.7 3.1 -2.3 55.5 454.0 398.5 -47.3
676.6 175.3 263.7 743.8 464.0 14.1 1.9 -11.1 272.4 283.5 -77.4
767.5 8.7 270.3 778.5 489.9 20.2 -1.9 -46.1 569.9 616.0 -215.5
870.0 222.5 350.6 863.9 520.1 1.0 -7.7 -17.7 969.9 987.6 -110.4
1165.0 240.7 387.1 928.5 564.0 -14.1 -8.5 -28.2 1209.2 1237.4 -118.2
-88.7 191.3 157.0 802.6 642.8 11.3 -8.6 82.4 177.6 95.2 -48.1
237.7 114.8 110.9 737.1 639.4 -2.2 -10.9 45.2 130.1 84.9 -41.4
650.7 149.4 121.2 749.9 653.1 -13.6 -10.8 69.2 82.6 13.4 -41.1
1141.7 246.4 196.8 825.7 682.6 -43.1 -10.6 174.1 783.1 609.0 -124.4
1 2 3 4 5 6 7 8 9 10 11
12 13 14
71.1 61.1 10.0
139.4 130.8 8.6
368.0 349.6 18.4
387.1 370.8 16.3
218.8 197.1 21.6
319.1 327.8 -8.7
-143.7 -129.9 -13.8
160.9 178.5 -17.6
306.4 287.3 19.1
531.1 518.0 13.1
12 13 14
15 16 17 18 19 20
44.2 31.6 4.4 2.8 -5.4 104.9
29.0 0.6 2.9 11.0 -14.5 95.5
-5.7 -27.4 -8.7 -17.6 -48.0 139.0
20.5 -27.5 -13.8 -21.3 -83.1 351.2
90.3 -11.5 21.8 -7.8 -87.8 338.4
-47.6 -7.3 12.5 -33.9 19.0 652.8
-61.0 -21.9 -26.6 21.0 33.5 -75.4
91.7 -14.3 22.0 -8.4 -92.4 -129.8
42.1 20.2 15.1 12.0 5.2 152.9
153.2 51.6 43.9 67.8 10.2 211.1
15 16 17 18 19 20
21
Net worth outstanding (5)
5451.4
5927.9
6604.5
7372.0
8242.0
9407.0
9318.3
9556.0
10206.7
11348.4
21
(1) Sum of net investment (line 2), holding gains (lines 12 and 15), and other volume changes (line 20). (2) Calculated as change in amount outstanding less net purchases during period. (3) Before inventory valuation adjustment. (4) Consists of statistical discontinuities. (5) Table B.102, line 32.
FFA, 1995-2004, March 12, 2009
99
R.103 Change in Net Worth of Nonfarm Noncorporate Business
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6
Change in net worth (1) Net investment (2) Net physical investment Capital expenditures - Consumption of fixed capital Net acquisition of financial assets - Net increase in liabilities from: Credit market instruments Trade payables Taxes payable Miscellaneous liabilities Holding gains on real estate (3) Residential Nonresidential Holding gains on assets at current cost (3) Residential equipment and software Nonresidential equipment and software Inventories Other volume changes (4) Memo:
144.9 34.3 30.7 140.9 110.1 75.2
159.0 -13.8 22.7 138.9 116.2 95.1
172.9 -67.4 -8.6 117.4 126.0 130.7
201.3 -90.6 -6.4 129.9 136.3 218.5
155.4 -88.7 40.2 190.0 149.8 183.8
312.4 -44.4 49.5 218.2 168.7 246.8
98.0 -15.3 44.6 193.9 149.3 155.9
171.2 -87.0 31.0 182.5 151.5 78.2
424.7 22.6 31.5 192.9 161.4 79.6
617.7 45.4 20.9 197.5 176.7 369.0
1 2 3 4 5 6
7 8 9 10 11 12 13 14 15 16 17 18
45.1 12.4 0.6 13.5 110.6 94.7 15.9 2.8 0.0 1.5 1.2 -2.8
69.0 30.6 2.3 29.7 177.4 142.0 35.4 -1.9 0.5 -2.4 -0.0 -2.7
97.7 31.0 4.3 56.5 239.9 146.9 93.1 -4.5 -0.5 -2.8 -1.2 4.9
175.5 30.8 4.1 92.3 290.1 195.4 94.7 -9.1 -0.2 -7.1 -1.8 10.9
195.2 34.7 8.9 73.9 232.5 185.0 47.5 -5.3 -0.4 -6.0 1.1 16.8
196.4 46.6 11.7 86.0 336.2 256.8 79.4 -2.3 0.2 -3.9 1.4 22.9
161.5 -4.9 4.0 55.3 121.5 157.1 -35.6 -4.3 -0.0 -2.2 -2.0 -3.9
149.8 26.0 1.5 18.9 269.3 229.1 40.2 -5.8 -0.6 -6.5 1.3 -5.3
91.6 -25.7 -0.5 23.2 414.8 349.3 65.5 -8.0 -1.4 -8.1 1.5 -4.7
245.2 22.2 8.4 68.8 577.5 462.4 115.1 0.2 -0.3 -4.0 4.6 -5.4
7 8 9 10 11 12 13 14 15 16 17 18
19
Net worth outstanding (5)
2711.5
2870.5
3043.5
3244.7
3400.1
3712.5
3810.5
3981.7
4406.4
5024.1
19
(1) Sum of net investment (line 2), holding gains (lines 11 and 14), and other volume changes (line 18). (2) Also equal to proprietor’s net investment shown on table F.103, line 29. (3) Calculated as change in amount outstanding less net investment during period. (4) Consists of statistical discontinuities. (5) Table B.103, line 31.
100
FFA, 1995-2004, March 12, 2009
F.106.c Consolidated Statement for Federal, State, and Local Governments (1)
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57
Current receipts, NIPA basis Personal current taxes Taxes on production and imports Taxes on corporate income Taxes from the rest of the world Contributions for govt. social insurance Income receipts on assets Current transfer receipts Current surplus of government enterprises Current expenditures, NIPA basis Consumption expenditures Government social benefits Other current transfer payments Interest payments Subsidies - Wage accruals less disbursements Net government saving, NIPA basis + Consumption of fixed capital - Insurance and pension fund reserves (2) + Net capital transfers (3) = Gross saving and net capital transfers Gross investment Fixed investment Nonproduced nonfinancial assets Net financial investment Net acquisition of financial assets Gold, SDRs, and official foreign exchange Checkable deposits and currency Time and savings deposits Money market fund shares Security RPs Credit market instruments Open market paper Agency- and GSE-backed securities (4) Municipal securities Corporate and foreign bonds Mortgages Consumer credit Other loans and advances (5) Corporate equities Mutual fund shares Trade receivables Taxes receivable Miscellaneous assets Net increase in liabilities SDR certificates Treasury currency Credit market instruments Savings bonds Other Treasury securities (6) Budget agency securities Municipal securities Multifamily residential mortgages Trade payables Insurance reserves Miscellaneous liabilities (7) Discrepancy Memo: Net govt. saving less fixed investment (8) Adjustment between NIPA and FOF (9) Items to be financed (10)
2212.6 744.1 558.2 211.0 3.9 532.8 92.1 59.1 11.4 2397.6 1136.5 860.3 12.1 354.6 34.0 0.0 -184.9 165.0 3.6 19.6 -4.0 67.7 232.7 -0.8 -164.2 41.2 6.4 3.4 6.9 4.8 -3.0 -35.9 17.1 -35.1 -3.5 7.1 -10.2 2.3 -13.6 12.1 -3.6 4.5 -16.6 62.3 205.5 2.2 0.7 163.7 5.1 218.1 1.5 -60.9 0.0 12.5 1.0 25.3 -71.7
2376.1 832.1 581.1 223.6 5.2 555.2 100.2 66.0 12.7 2492.1 1171.1 904.3 17.1 365.3 34.3 0.0 -116.0 169.3 3.4 23.1 73.0 87.2 244.9 2.3 -159.9 73.4 -2.9 5.4 12.0 1.4 32.1 7.8 20.3 -35.3 -0.5 10.7 -3.4 8.5 7.5 14.5 -0.6 6.5 -4.5 1.7 233.3 -0.5 0.5 162.0 2.0 177.3 -1.6 -15.7 -0.0 18.8 0.6 51.8 -14.2
2551.9 926.3 612.0 237.1 5.1 587.2 103.7 67.9 12.6 2568.6 1216.6 933.9 13.9 371.4 32.9 0.0 -16.7 174.1 3.4 26.8 180.9 217.4 252.2 -1.8 -32.9 106.4 2.5 3.8 6.8 3.6 3.6 24.0 14.3 -0.8 -0.7 1.3 -0.9 10.0 0.8 16.8 -18.2 3.1 -9.7 70.1 139.3 -0.5 0.5 86.4 -0.5 41.4 -0.1 45.6 -0.0 10.7 1.7 40.6 -36.6
2724.2 1027.0 639.8 239.2 5.7 624.2 102.4 75.5 10.3 2633.4 1256.0 954.9 14.6 372.4 35.4 0.0 90.8 179.0 4.4 32.4 297.8 348.5 262.4 1.9 84.2 105.5 6.0 -20.6 16.1 31.1 4.2 73.7 12.8 38.7 -0.7 11.4 5.2 8.9 -2.6 -8.8 -13.2 8.5 -6.1 14.6 21.3 0.0 0.6 -27.4 0.1 -96.2 2.0 66.7 0.0 12.7 1.3 34.1 -50.7
2895.0 1107.5 674.0 248.8 5.9 661.4 106.8 80.6 10.1 2741.0 1334.0 990.4 15.1 357.3 44.2 0.0 154.0 187.0 3.8 32.5 369.6 435.5 286.8 7.7 141.0 144.9 -7.1 70.1 14.7 4.5 -2.5 84.1 17.5 44.2 0.3 11.6 4.4 11.5 -5.4 -21.7 -8.1 13.3 12.1 -14.5 3.9 -3.0 1.0 -56.1 -0.2 -94.6 -0.2 38.9 0.0 22.4 1.4 38.2 -65.8
3125.9 1235.7 708.9 255.0 7.3 702.7 117.4 93.7 5.3 2886.5 1417.1 1044.1 18.3 362.8 44.3 0.0 239.4 197.0 1.8 35.6 470.3 541.3 304.5 8.5 228.3 -4.4 -0.7 -64.9 11.6 2.7 -10.3 72.9 15.2 41.4 0.2 9.8 -2.1 11.7 -3.1 6.1 1.2 10.2 -6.7 -26.6 -232.7 -4.0 2.4 -284.8 -1.7 -298.7 -1.0 16.5 0.0 29.4 1.4 22.9 -71.1
3113.1 1237.3 728.6 194.9 7.1 731.1 113.7 101.8 -1.4 3061.6 1501.6 1146.6 13.9 344.1 55.3 0.0 51.5 206.0 3.3 35.7 289.9 298.5 324.0 8.5 -34.0 133.3 4.6 45.1 16.2 3.2 -10.9 79.2 17.5 47.3 0.2 11.3 -1.9 12.8 -7.9 4.1 0.4 13.3 -5.6 -16.4 167.3 0.0 1.3 81.4 5.6 -29.1 -0.5 105.4 0.0 30.2 1.4 53.0 -8.6
2958.7 1051.8 762.8 182.6 7.3 750.0 98.4 104.9 0.9 3240.8 1616.9 1251.6 18.8 315.1 38.4 0.0 -282.1 211.6 -1.7 29.0 -39.8 -24.5 344.3 10.9 -379.6 55.6 3.4 -12.0 25.9 1.6 -16.3 67.3 14.3 41.7 0.1 9.1 -4.8 8.0 -1.2 10.3 2.1 -0.7 2.5 -28.5 435.2 0.0 1.0 374.8 4.5 226.3 0.5 143.4 0.0 29.2 1.6 28.7 -15.3
3035.6 1001.1 807.2 233.1 8.9 778.6 95.8 109.2 1.7 3428.1 1736.5 1319.5 23.6 300.6 47.9 0.0 -392.5 218.2 -0.6 11.2 -162.5 -179.9 356.0 10.7 -546.6 103.5 -1.8 16.2 -4.9 4.0 7.9 46.0 10.3 22.5 0.3 7.1 6.0 1.9 -2.1 -17.0 -5.2 27.2 41.6 -10.6 650.0 0.0 0.6 506.5 8.9 380.0 -2.4 120.0 0.0 101.6 1.1 40.3 17.5
3254.1 1046.3 863.8 293.3 10.0 828.8 99.1 117.0 -4.2 3623.2 1844.0 1399.1 26.2 309.3 44.6 0.0 -369.1 230.2 0.0 13.6 -125.3 -85.8 372.8 10.6 -469.2 89.4 -3.1 -37.2 11.6 3.9 7.7 49.5 10.1 21.9 0.3 6.9 9.9 3.7 -3.3 -4.2 -1.3 18.4 48.7 -4.6 558.6 0.0 0.7 452.1 0.6 337.0 -0.6 115.1 0.0 45.5 1.1 59.2 -39.5
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57
58 59 60
-417.7 253.4 -164.2
-360.8 200.9 -159.9
-268.8 235.9 -32.9
-171.5 255.7 84.2
-132.8 273.7 141.0
-65.1 293.4 228.3
-272.5 238.5 -34.0
-626.4 256.4 -370.0
-748.4 212.1 -536.3
-741.9 272.2 -469.7
58 59 60
(1) This table is consistent with NIPA table 3.1 in the Survey of Current Business, Department of Commerce. (2) 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. (3) Table F.9, line 1 plus the portion of line 7 that is to financial businesses. (4) Holdings by state and local governments may include small amounts of budget agency securities issued by the federal government. (5) Excludes loans to state and local governments. (6) Excludes Treasury securities owed to state and local governments. (7) 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. (8) Line 17 less line 23. (9) Line 18 plus line 20 less sum of lines 19, 24, and 56. (10) Line 57 plus line 58.
FFA, 1995-2004, March 12, 2009
101
L.106.c Consolidated Statement for Federal, State, and Local Governments
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
Total financial assets Gold, SDRs, and official foreign exchange Checkable deposits and currency Time and savings deposits Money market fund shares Security RPs Credit market instruments Open market paper Agency- and GSE-backed securities (1) Municipal securities Corporate and foreign bonds Mortgages Consumer credit Other loans and advances (2) Corporate equities Mutual fund shares Trade receivables Taxes receivable Miscellaneous assets Total liabilities SDR certificates Treasury currency Credit market instruments Savings bonds Other Treasury securities (3) Budget agency securities Municipal securities Multifamily residential mortgages Trade payables Insurance reserves Miscellaneous liabilities (4)
1253.9 53.8 55.5 62.9 10.7 115.7 536.7 39.4 151.5 5.1 39.0 171.3 9.2 121.2 26.4 35.0 100.4 35.9 221.1 5265.4 10.2 18.3 4384.0 185.0 3133.7 28.2 1037.0 0.0 310.0 29.9 513.0
1412.3 44.9 66.1 74.9 12.0 147.8 544.6 59.7 116.2 4.6 49.7 167.9 17.7 128.8 46.9 41.0 106.9 104.2 222.9 5502.6 9.7 18.9 4546.0 187.0 3311.1 26.6 1021.3 0.0 328.8 30.5 568.7
1546.1 42.0 73.8 81.8 15.6 151.4 568.7 74.0 115.4 3.9 51.0 167.0 27.6 129.7 78.4 33.6 110.0 97.2 293.6 5641.1 9.2 19.3 4632.4 186.5 3352.5 26.5 1067.0 0.0 339.5 32.3 608.3
1684.4 51.0 51.5 97.9 46.7 155.6 642.6 86.8 154.1 3.2 62.4 172.3 36.5 127.3 98.5 34.1 118.5 96.3 291.7 5669.6 9.2 19.9 4605.1 186.6 3256.3 28.5 1133.6 0.0 352.3 33.6 649.6
1889.1 44.5 120.1 112.5 51.2 153.1 759.8 104.3 198.3 3.5 74.0 209.5 48.0 122.1 98.3 33.4 127.8 111.3 277.2 5681.9 6.2 20.9 4549.0 186.4 3161.7 28.3 1172.5 0.0 380.3 35.0 690.6
1888.3 41.1 56.6 124.1 53.9 142.8 832.8 119.5 239.7 3.7 83.8 207.4 59.7 118.9 93.2 30.8 138.0 124.6 250.6 5446.9 2.2 23.2 4264.1 184.8 2863.0 27.3 1189.0 0.0 409.7 36.4 711.3
2024.7 43.2 103.2 140.3 57.1 131.9 912.0 136.9 287.0 4.0 95.1 205.5 72.5 111.0 88.0 28.1 151.3 135.5 234.1 5621.8 2.2 24.5 4345.5 190.3 2833.9 26.8 1294.5 0.0 439.9 37.8 772.0
2065.0 51.1 89.0 166.3 58.7 115.6 979.3 151.3 328.8 4.1 104.2 200.7 80.5 109.8 79.3 24.3 150.6 145.2 205.7 6057.3 2.2 25.5 4720.3 194.9 3060.2 27.3 1437.9 0.0 469.1 39.4 800.9
2164.0 55.2 102.6 161.4 62.7 123.5 1025.4 161.6 351.2 4.4 111.3 206.7 82.4 107.8 84.7 25.9 177.8 159.8 185.2 6709.7 2.2 26.0 5226.8 203.8 3440.2 24.9 1557.9 0.0 570.6 40.5 843.6
2239.9 54.5 64.1 173.0 66.6 131.2 1074.9 171.7 373.2 4.7 118.2 216.6 86.1 104.5 90.0 27.5 196.2 179.7 182.2 7267.0 2.2 26.7 5678.8 204.4 3777.2 24.3 1673.0 0.0 616.1 41.6 901.6
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
(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.
102
FFA, 1995-2004, March 12, 2009
F.118.b Private Pension Funds: Defined Benefit Plans
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
Net acquisition of financial assets Checkable deposits and currency Time and savings deposits Money market fund shares Security RPs Credit market instruments Open market paper Treasury securities Agency- and GSE-backed securities Corporate and foreign bonds Mortgages Corporate equities Mutual fund shares Miscellaneous assets Unallocated insurance contracts (1) Contributions receivable Other
-21.9 0.3 8.3 0.0 -0.4 21.8 -0.4 1.6 3.2 17.4 0.1 -60.8 14.1 -5.2 -5.6 1.6 -1.3
-35.9 0.2 14.3 0.0 3.0 -11.2 3.0 -5.1 -12.3 3.1 0.0 -63.1 7.6 13.4 2.7 1.6 9.0
-43.2 0.4 16.8 0.0 0.1 37.3 0.1 3.2 7.1 26.5 0.5 -105.3 7.3 0.3 -5.3 5.4 0.2
-46.5 0.6 16.4 0.0 0.0 -23.7 0.1 -20.6 -18.2 15.4 -0.4 -52.5 7.8 4.9 -3.4 8.0 0.3
-66.6 0.2 -19.7 0.0 -0.3 89.0 0.4 18.6 30.4 39.6 0.0 -128.9 5.9 -12.8 -14.2 -7.5 8.9
-75.3 1.2 -23.7 0.0 -9.0 -123.7 -7.4 -11.7 -37.3 -66.1 -1.3 85.1 41.7 -47.0 -5.2 -17.4 -24.4
-63.2 0.6 -35.1 0.0 -1.5 -19.6 -0.3 -0.4 1.8 -21.3 0.6 39.6 -17.6 -29.6 -1.0 -25.8 -2.8
-34.6 -0.2 -5.5 0.0 -0.6 -36.5 -1.4 -12.7 -17.9 -4.7 0.2 -16.0 20.2 3.9 11.0 -4.5 -2.6
-13.2 0.1 2.3 0.0 1.1 73.3 -0.9 14.3 35.6 24.3 -0.1 -34.9 -41.6 -13.4 -10.7 -0.0 -2.6
-37.1 0.1 -4.8 0.0 0.4 -10.5 -0.3 -6.9 7.7 -10.8 -0.1 -12.6 11.2 -20.9 -24.5 -2.0 5.5
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 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 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 Net acquisition of financial assets Checkable deposits and currency Time and savings deposits Money market fund shares Security RPs Credit market instruments Open market paper Treasury securities Agency- and GSE-backed securities Corporate and foreign bonds Mortgages Corporate equities Mutual fund shares Miscellaneous assets Unallocated insurance contracts (2) Contributions receivable Other 54.9 0.6 -0.2 6.3 0.7 -4.9 1.3 -1.9 -1.6 -3.4 0.7 -30.2 57.8 24.7 13.4 3.8 7.6 39.6 0.6 -5.4 11.2 1.9 5.1 3.0 0.3 1.0 0.2 0.7 -28.4 38.0 16.7 2.1 3.8 10.8 27.4 1.0 -5.8 13.4 1.1 7.1 1.5 -1.2 -0.9 7.6 0.3 -45.4 48.0 7.9 -4.6 3.0 9.6 88.1 -1.4 13.3 2.3 1.1 16.6 3.0 7.4 1.0 5.0 0.2 21.0 45.8 -10.7 -20.1 4.8 4.5 51.8 1.1 -19.6 12.1 2.3 18.2 5.6 -1.9 9.1 3.5 1.8 -51.5 93.5 -4.2 -4.3 -10.8 10.9 51.9 2.1 0.8 4.2 3.9 -1.3 1.3 1.8 4.4 -10.2 1.5 -22.3 75.6 -11.1 -30.4 -1.7 21.0 43.4 -1.4 -1.3 -6.1 -7.4 -16.4 -8.0 -7.2 3.4 -1.8 -2.8 67.0 35.7 -26.7 12.9 1.2 -40.7 51.5 0.5 1.6 9.4 2.0 27.9 3.6 9.3 -1.5 16.1 0.4 -45.5 39.7 16.0 1.2 6.0 8.8 39.8 0.1 0.7 -0.2 0.3 -4.1 -2.3 -1.1 2.7 -3.4 -0.0 10.9 37.9 -5.7 -7.3 -0.1 1.8 46.9 0.1 0.2 0.6 1.1 10.1 0.6 2.9 3.6 3.2 -0.1 23.8 24.8 -13.9 -10.8 -1.1 -2.0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 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 2 3 4 5 6 7 8 Total held at: Commercial banking Saving institutions Credit unions Life insurance companies Money market mutual funds Mutual funds Other self-directed accounts 122.2 6.5 -1.9 1.2 11.2 12.9 62.5 29.8 132.8 0.7 -3.9 0.9 10.3 8.9 53.3 62.5 151.8 0.1 -6.0 1.2 47.5 2.0 94.6 12.4 191.5 -0.5 -5.3 0.3 24.6 24.0 89.7 58.6 219.7 -3.4 -3.1 0.9 40.8 23.0 95.6 65.8 239.8 8.9 -2.3 0.4 19.5 7.0 49.7 156.5 182.9 3.1 -1.8 3.2 26.6 24.0 33.2 94.6 200.4 5.4 -0.7 3.4 82.2 16.0 18.7 75.4 192.5 0.5 1.0 3.5 5.2 -16.0 104.3 94.0 228.1 1.9 -1.1 0.9 -14.6 -15.0 70.4 185.8 1 2 3 4 5 6 7 8
(1) Assets of the household sector (F.100). IRA assets are not included in pension fund reserves (table F.225), except for those at life insurance companies. Figures for depositories (lines 2 through 4) include Keogh accounts. Variable annuities in IRAs are in the life insurance sector (line 5) and are excluded from the mutual fund sector (line 7) and from the money market fund sector (line 6).
FFA, 1995-2004, March 12, 2009
103
L.118.b Private Pension Funds: Defined Benefit Plans
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
Total financial assets Checkable deposits and currency Time and savings deposits Money market fund shares Security RPs Credit market instruments Open market paper Treasury securities Agency- and GSE-backed securities Corporate and foreign bonds Mortgages Corporate equities Mutual fund shares Miscellaneous assets Unallocated insurance contracts (1) Contributions receivable Other
1466.1 2.1 75.4 0.0 11.2 460.1 11.2 79.7 185.6 178.8 4.8 688.8 68.5 160.1 80.7 45.8 33.5
1590.2 2.2 89.7 0.0 14.2 448.9 14.2 74.7 173.3 181.9 4.9 764.3 91.0 179.9 89.9 47.5 42.5
1763.5 2.6 106.4 0.0 14.2 486.3 14.2 77.9 180.4 208.4 5.4 844.0 122.3 187.7 92.0 52.8 42.8
1907.7 3.2 122.9 0.0 14.3 462.6 14.4 57.2 162.2 223.8 5.0 949.1 156.6 199.1 95.1 60.9 43.1
2074.6 3.4 103.2 0.0 14.0 551.6 14.8 75.9 192.6 263.3 5.0 1006.3 199.0 197.2 91.9 53.4 52.0
1979.0 4.7 79.5 0.0 4.9 427.9 7.4 64.2 155.3 197.2 3.7 1076.0 236.4 149.7 86.1 36.0 27.6
1810.2 5.3 44.3 0.0 3.5 408.3 7.1 63.9 157.1 175.9 4.4 1060.7 180.8 107.4 72.4 10.2 24.8
1639.3 5.1 38.8 0.0 2.8 371.8 5.7 51.2 139.2 171.3 4.6 917.6 188.8 114.4 86.4 5.7 22.2
1994.5 5.1 41.1 0.0 3.9 445.1 4.8 65.5 174.8 195.6 4.5 1170.8 197.4 131.0 105.7 5.7 19.6
2132.2 5.2 36.3 0.0 4.4 434.7 4.5 58.6 182.5 184.7 4.4 1294.2 233.6 123.9 95.0 3.7 25.2
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 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 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 Total financial assets Checkable deposits and currency Time and savings deposits Money market fund shares Security RPs Credit market instruments Open market paper Treasury securities Agency- and GSE-backed securities Corporate and foreign bonds Mortgages Corporate equities Mutual fund shares Miscellaneous assets Unallocated insurance contracts (2) Contributions receivable Other 1432.7 2.8 34.8 37.9 11.3 148.3 13.7 41.0 27.5 62.3 3.8 568.0 288.5 341.1 241.4 37.9 61.8 1634.2 3.4 29.4 49.1 13.2 153.4 16.6 41.3 28.5 62.5 4.4 638.8 381.6 365.4 251.1 41.7 72.6 1949.3 4.3 23.7 62.5 14.3 160.5 18.1 40.1 27.5 70.1 4.7 759.7 537.8 386.5 259.7 44.7 82.1 2236.2 2.9 37.0 64.8 15.4 177.2 21.1 47.5 28.6 75.1 4.9 920.1 633.3 385.4 249.2 49.6 86.7 2519.2 4.0 17.4 76.9 17.7 195.3 26.6 45.6 37.7 78.6 6.7 959.9 857.5 390.4 254.1 38.7 97.6 2488.6 6.1 18.2 81.1 21.6 194.0 27.9 47.4 42.1 68.4 8.2 894.6 895.3 377.6 222.0 37.0 118.6 2238.0 4.7 17.0 75.1 14.2 177.5 19.9 40.2 45.4 66.6 5.4 848.0 782.1 319.5 203.4 38.2 77.9 2037.9 5.1 18.6 84.5 16.2 205.4 23.6 49.5 44.0 82.6 5.8 670.9 743.1 294.0 163.2 44.2 86.6 2525.6 5.2 19.3 84.3 16.5 201.3 21.3 48.4 46.7 79.3 5.8 925.8 929.4 343.7 211.3 44.1 88.4 2783.0 5.3 19.5 84.9 22.1 211.5 21.9 51.3 50.3 82.4 5.6 1039.4 1044.6 355.8 233.5 43.0 79.3 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 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 2 3 4 5 6 7 8 Total held at: Commercial banking Saving institutions Credit unions Life insurance companies Money market mutual funds Mutual funds Other self-directed accounts 1288.0 151.1 76.9 33.0 94.3 74.1 376.4 482.1 1467.0 151.9 73.0 33.8 110.3 83.0 481.0 533.9 1728.0 152.0 67.0 35.0 160.0 85.0 654.0 575.0 2150.0 151.5 61.8 35.3 190.1 109.0 819.0 783.3 2651.0 148.1 58.7 36.2 245.5 132.0 1081.0 949.5 2629.0 157.0 56.4 36.7 245.5 139.0 1049.0 945.4 2619.0 160.1 54.6 39.9 251.0 163.0 963.3 987.1 2533.0 165.6 53.8 43.3 308.3 179.0 824.0 959.0 2993.0 166.1 54.8 46.8 338.4 163.0 1093.0 1130.9 3299.0 168.0 53.7 47.7 347.0 148.0 1277.0 1257.7 1 2 3 4 5 6 7 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).
104
FFA, 1995-2004, March 12, 2009
B.100.e Balance Sheet of Households and Nonprofit Organizations with Equity Detail (1)
Billions of dollars
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18
Assets Tangible assets Financial assets Deposits Credit market instruments Equity shares at market value Directly held Indirectly held Life insurance companies Private pension funds Defined benefit plans Defined contribution plans State and local govt. retirement funds Federal government retirement funds Mutual funds Other Liabilities Net worth Memo:
32752.8 11242.5 21510.2 3357.4 2241.7 7656.5 4434.2 3222.4 274.7 1504.8 726.7 778.1 738.3 11.5 693.2 8254.6 5053.9 27698.9
35162.5 11772.5 23390.0 3499.9 2424.2 8701.1 4712.2 3988.9 373.3 1724.4 821.4 902.9 892.5 18.8 979.9 8764.7 5414.9 29747.6
39044.2 12388.1 26656.1 3666.1 2402.5 11204.1 6144.3 5059.8 510.5 2089.0 926.6 1162.4 1114.4 29.9 1316.0 9383.5 5762.1 33282.2
43354.3 13411.8 29942.5 3882.3 2455.6 13581.8 7511.2 6070.6 665.4 2462.4 1057.8 1404.7 1268.4 43.0 1631.3 10022.9 6217.0 37137.3
48911.0 14538.8 34372.3 4050.7 2590.8 17210.2 9769.9 7440.4 904.4 2812.6 1154.3 1658.3 1512.5 56.9 2153.9 10520.6 6794.4 42116.7
49418.9 16237.4 33181.6 4377.3 2481.2 15354.8 8147.3 7207.5 882.8 2871.2 1248.0 1623.2 1428.5 56.6 1968.4 10968.2 7400.1 42018.8
49780.3 17744.9 32035.4 4877.0 2392.9 13493.3 6829.5 6663.8 806.5 2629.8 1184.6 1445.2 1386.6 49.1 1791.8 11272.2 8031.2 41749.1
49356.1 19262.5 30093.7 5154.5 2552.0 10614.3 5161.2 5453.1 692.5 2223.6 1031.1 1192.4 1157.4 45.9 1333.7 11772.8 8833.9 40522.3
56233.1 21162.1 35071.0 5350.6 2783.9 14139.5 6787.7 7351.8 887.3 2923.2 1300.2 1623.0 1557.3 79.9 1904.1 12796.9 9860.3 46372.8
62909.7 23969.3 38940.3 5742.6 3102.4 16008.5 7495.9 8512.6 1028.9 3301.4 1452.9 1848.5 1761.2 99.2 2321.9 14086.9 11035.7 51873.9
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18
19
Equity shares excluding defined benefit plans (line 6 minus lines 11, 13 and part of line 14) Equity shares (line 6) as a percent of Total assets (line 1) Financial assets (line 3)
6191.6
6987.2
9163.1
11255.6
14543.4
12678.3
10922.1
8418.9
11264.2
12775.1
19
20 21
23.4 35.6
24.7 37.2
28.7 42.0
31.3 45.4
35.2 50.1
31.1 46.3
27.1 42.1
21.5 35.3
25.1 40.3
25.4 41.1
20 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.