The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Balance Sheets Flow of Funds October 1985 < ^ <* <r- *% Balance Sheets For the U.S. Economy 1945-84 > Board of Governors of the Federal Reserve System, Washington, D.C. 20551 Table of Contents Table Number Pages Balance sheet tables: 700 1-10 National Net Worth 701 11-15 Tangible Asset Holdings 702 16-25 Households 703 26-30 Farm Business 704 31-35 Nonfarm Noncorporate Business 705 36-45 Nonfinancial Corporate Business 706 46-55 Private Financial Institutions Stock-flow reconciliation tables; 720 56-65 All Sectors 721 66—75 Sector Flow Summaries 722 76-80 Households 723 81-85 Farm Business 724 86-90 Nonfarm Noncorporate Business 725 91-100 Nonfinancial Corporate Business 726 101-105 Private Financial Institutions f f Balance Sheets for the U.S. Economy 1945-84 The attached tables are a preliminary form of complete sector balance sheets for the private sectors of the economy, in which estimates of tangible assets and land are combined with the financial assets and liabilities that are published in flow of funds accounts to produce measures of total position and net worth. Reproducible tangible assets as shown here are from the tabulations published by Bureau of Economic Analysis as equipment, residential structures, and inventories. Values of land holdings are Federal Reserve estimates based mainly on data from quinquennial Censuses of Government on real estate assessments and relations of assessments to sale prices in transactions. An important aspect of these balance sheets is that reproducibles are valued at replacement cost net of straight-line depreciation, while land holdings are stated at current market values. These valuations carry through the balance sheets to affect the measures of net worth, which are calculated as total tangible and financial assets less total liabilities, and are thus based on current values. These tables were previously published in November 1984, and updates for 1984 were made available informally in July 1985. This issue includes revisions made in financial data to the flow of funds accounts going back to 1978, but revisions in most of the tangible asset series will not be made until after January 1986, when BEA publishes revised series for the National Income and Product Accounts. Also included in this publication is the 1984 Department of Agriculture estimate for farm real estate, which was not available for the July tables, along with revisions in this series going back to 1968. (The revisions for the years 1968 through 1978 are fairly small.) On the nonfinancial corporate business table three debt-equity ratios, previously shown at the end of the table, have now been placed after the respective equity or net worth series used as the denominators, and the description of these series have been clarified. For nonfinancial corporations the balance sheet statement includes an alternative measure of tangibles at historical cost—amount actually paid to acquire tangibles whenever purchased-^and the alternative measure of net worth that results from this valuation. The historical-cost estimates for reproducibles come from the same BEA calculation that produces replacement cost estimates and are thus consistent for comparison of alternative pricing methods. The BEA calculation is a perpetual-inventory procedure that consists of accumulating purchases over a long period of years and deducting depreciation and retirements according to various schedules. It is entirely independent statistically of published business balance sheet measures of fixed assets, even for historical-cost measures. Accompanying the balance sheets are parallel tables that relate changes in net worth that appear in the balance sheets to gross investment flows that are published in flow of funds accounts. Conceptually, changes in net worth for each sector should equal gross investment as published after subtracting depreciation and allowing for net flows of equity fun s. Differences between the two measures arise principally from revaluation of tangible and financial assets from year to year as a result of price movements. Beyond price changes, however, allowance must be made for land transactions, which are not included in flow of funds statements, as well as changes in land values. Further allowances are needed for statistical differences in depreciation measures and for discontinuities in source data that occur when the scope or method of measurement is changed. These adjustments appear in the individual sector stock-flow reconciliation statements included here. Flow of Funds Section Division of Research and Statistics Board of Governors of the Federal Reserve System Washington, D.C. 20551 (202) 452-3482 700 National Net North OCTOBER 1985 National Net Worth Consolidated Domestic Net Assets with Tangibles at Current Cost YEAR-END OUTSTANDINGS YEAR-END OUTSTANDINGS 1945 1 Tangible assets 1947 1948 1949 1950 1951 1952 458,569 543,987 642,673 709,822 728,042 838,053 929,975 976,592 1 2 3 4 5 6 Reproducible assets CI) Residential structures Nonres. plant & equip. Inventories Consumer durables 329,904 135,141 95,108 51,055 48,600 403,862 157,332 120,882 70,692 56,9:6 490,116 189,822 151,253 83,335 65,706 549,737 211,668 174,005 87,718 76,346 562,426 213,650 183,826 78,485 86,465 650,243 245,054 205,534 96,102 103,553 725,806 268,376 229,345 108,706 119,379 761,199 282,908 243,301 106,195 128,795 2 3 4 5 6 7 La*vH at market values 128,665 140,125 152,557 160,085 165,616 187,810 204,169 215,393 7 20,083 1,245 20,706 4,817 22,868 12,695 24,399 14,838 24,563 15,944 22,820 16,949 22,872 16,755 23,252 17,374 8 9 479,897 569,510 678,236 749,059 768,549 877,822 969,602 1017,218 10 479,897 569,510 678,236 749,059 768,549 877,822 969,602 1017,218 11 703,632 362,872 670,902 189,323 110,304 8,403 789,499 396,127 723,668 215,909 102,090 9,542 885,930 433,451 787,190 242,960 99,837 10,942 947,968 460,754 825,960 254,014 98,621 12,571 970,594 476,546 848,807 251,518 106,375 14,368 1071,950 519,992 949,084 281,262 130,319 17,511 1163,559 563,586 1038,232 301,467 152,812 20,367 115,733 79,129 121,069 127,499 95,064 143,432 144,177 106,218 172,422 153,460 1,8,123 193 550 153,120 105,804 202,396 166,911 122,958 225,043 176,710 134,147 248,546 24,829 21,158 8,403 4,732 27,377 22,758 9,542 4,92 < 29,662 23,991 10,942 5,271 32,081 25,069 12,571 5,559 32,728 26,425 14,368 8,065 37,046 28,947 17,511 9,412 40,570 30,460 20,367 10,257 45,138 32,820 24,184 11,866 21 22 23 24 -227,116 -3,987 -223,320 191 -225,180 -3,759 -221,637 216 -210,830 -3,647 -207,427 244 -203,226 -4,695 -198,783 252 -208,550 -6,459 -202,356 265 -203,277 -8,450 -195,118 291 -199,097 -9,750 -189,659 312 -206,125 -11,935 -194,533 343 25 26 27 28 29 9,149 5,140 8 U.S. gold and SDR's 9 Net claims on foreign (2)(3) 10 Total consolidated domestic ncx assets (2)l3) Domestic net worth by sectors 11 Total, all sectors 12 13 14 15 16 17 Private total, consolidated Households Sector basis -Equity in noncorp. bus. -Corporate shares held (4) -Pension funJ reserves 18 19 20 Nonfarm nrncor p. business Farm business Nonfinancial corps. C2> 21 22 23 24 Private financial insts. (2) Sector basis •Pension fund reserves -Corp. equities held (4) 25 "26 27 28 29 Public sectors: Financial assets less liabilities State and local governments U.S. Government Sponsored credit agencies Monetary authority 30 Unallocated financial assets III 1946 — 3,381 — 5,191 3,136 — 4,317 — 6,505 1218,116 596,383 1091,511 304,446 166,498 24,184 12 13 14 15 16 17 181,548 18 132,148 19 262,899 2(1 5,227 30 s p s s s 2 Consolidated Domestic Net Assets with Tangibles at Current Cost . 1945 YEAR-END OUTSTANDINGS 1946 CI) At replacement cost. (2) Net of foreign direct investment in U.S. business# but before deduction of foreign holdings of U.S. publicly-issued equities. (5) Excludes U.S. holdings of foreign equities. (4) Includes holdings of foreign shares. DATA ARE IN MILLIONS OF DOLLARS. 1947 1948 1949 1950 1951 1952 700 National Net Worth OCTOBER 1985 National Net North Consolidated Domestic Net Assets with Tangibles at Current Cost 3 YEAR-END OUTSTANDINGS YEAR-END OUTSTANDINGS 1953 1 Tangible assets 1954 1955 1956 1957 1958 1959 1960 1019, 354 1062,509 1147, 332 1252,909 1332,622 1407,383 1495,773 1559,690 1 2 3 4 5 6 Reproducible assets CI) Residential structures Nonres. plant & equip. Inventories Consumer durables 795, 405 294, 026 256, 329 107, 106 137, 944 823,869 310,462 266,235 104,431 142,741 885, 953 333,674 290, 534 109,805 151, 940 961,685 353,093 323,446 119,334 165,812 1008,248 364,664 344,655 124,193 174,736 1041,958 377,035 356,840 126,634 181,449 1084,128 394,157 370,115 131,974 187,882 1117,129 408,562 380,217 135,966 192,384 2 3 4 5 6 7 Land at market values 223, 949 238,640 261, 379 291,224 324,374 365,425 411,645 442,561 7 22, 091 18,655 21,793 18,834 21,753 19,532 22,058 22,993 22,857 26,992 20,582 29,444 19,507 29,583 17,804 32,230 8 9 1060, 100 1103,136 1188,617 1297,960 1382,471 1457,409 1544,863 1609,724 10 Domestic net worth by sector: 11 Total, all sectors 1060, 100 1103,136 1188,617 1297,960 1382,471 1457,409 1544,863 1609,724 11 Private total, consolidated Households Sector basis -Equity in noncorp. bus. -Corporate shares held (4) -Pension fund reserves 1268, 048 625, 330 1119, 358 307, 222 158,268 28, 538 1320,101 657,379 1231,689 312,105 228,910 33,295 1402,864 699, 532 1341, 014 322, 529 278, 455 40, 498 1511,521 750,648 1435,145 342,777 296,041 45,679 1598,059 789,001 1452,396 353,395 258,668 51,332 1690,087 830,046 1625,353 374,801 360,070 60,436 1784,945 876,656 1719,935 387,860 386,173 69,246 1852,610 904,708 1762,143 402,276 378,431 76,728 186, 266 130, 060 276, 227 189,605 131,720 286,184 198,732 133, 115 311,733 211,519 141,138 342,518 214,893 148,927 372,290 224,723 161,374 397,266 234,974 164,394 426,086 50, 165 34, 568 28,538 12,941 55,213 39,646 33,295 17,728 59,752 43, 398 40, 498 24, 144 65,698 45,965 45,679 25,946 72,948 47,146 51,332 25,530 76,678 52,603 60,436 36,361 82,835 56,223 69,246 42,634 90,088 59,599 76,728 46,239 21 22 23 24 -214,565 -13,961 -200,964 360 -223,928 -17,865 -206,437 374 -224,500 -22,108 -202,784 392 -223,566 -25,471 -198,500 405 -226,398 -29,799 -197,042 443 -242,308 -34,596 -208,190 478 -249,018 -38,255 -211,271 508 -250,281 -41,478 -209,342 539 25 26 27 28 29 8 U.S. gold and SDR's 9 Net claims on foreign ( 2 X 3 ) 10 12 13 14 15 16 17 Total consolidated domestic net assets (2)(3) 18 19 20 Nonfarm noncorp. business Farm business Nonfinancial corps. (2) 21 22 23 24 Private financial insts. (2) Sector basis +Pension fund reserves -Corp. equities held (4) 25 26 27 28 29 Public sectors: Financial assets less liabilities State and local governments U.S. Government Sponsored credit agencies Monetary authority 30 Unallocated financial assets - 6,617 6,963 10,253 10,005 — 10,810 - 9,630 - 8,936 12 13 14 15 16 17 248,443 18 165,412 19 443,959 20 - 7,395 30 OCTOBER 1985 National Not Worth 4 700 CONTINUED National Net Worth Consolidated Domestic Net Assets with Tangibles at Current Cost YEAR-END OUTSTANDINGS YEAR-END OUTSTANDINGS 1953 1954 (1) At replacement cost. (2) Net of foreign direct investment in U.S. business# but before deduction of foreign holdings of U.S. publicly-issued equities. (3) Excludes U.S. holdings of foreign equities. (4) In ludes holdings of foreign shares. DATA ARE IN MILLIONS OF DOLLARS. 1955 1956 1957 1958 1959 1960 700 National Net Worth OCTOBER 1985 National Net Worth Consolidated Domestic Net Assets with Tangibles at Current Cost YEAR-END OUTSTANDINGS YEAR-END OUTSTANDINGS 1961 1962 1963 1964 1965 1966 1967 1968 1 Tangible assets 1631,068 1681,455 1730,457 1813,107 1915,469 2061,783 2190,959 2383,755 1 z 3 4 5 6 Reproducible assets (1) Residential structures Nonres. plant & equip. Inventories Consumer durables 1146,482 422,088 391,482 137,930 194,982 1190,401 438,451 407,028 144,603 200,319 1234,150 448,256 424,887 150,391 210,616 1304,806 477,929 449,302 156,183 221,392 1391,691 500,801 487,233 170,520 233,137 1521,209 538,970 539,552 187,408 255,279 1633,682 565,933 588,723 199,433 279,593 1802, 635 631, 083 647, 527 213, 483 310, 542 2 3 4 5 6 7 Land at market values 484,586 491,054 496,307 508,301 523,778 540,574 557,277 581, 120 7 16,947 36,058 16,057 39,184 15,596 42,078 15,471 49,268 13,806 55,241 13,235 58,246 12,065 61,809 10,892 65,637 8 9 1684,073 1736,696 1788,131 1877,846 1984,516 2133,264 2264,833 2460,284 10 Domestic net worth by sector: 11 Total, all sectors 1684,073 1736,696 1788,131 1877,846 1984,516 2133,264 2264,833 2460,284 11 Private :otal, consolidated Households Sectcr basis -Equity in noncorp. bus. -Corporate shares held (4) -Pension fund reserves 1935,320 943,765 1927,434 417,092 477,928 88,649 1997,064 980,843 1917,002 426,703 416,161 93,295 2051,296 1019,437 2049,061 435,258 488,677 105,689 2146,681 1083,215 2186,615 447,617 535,586 120,197 2255,076 1147,858 2349,176 465,895 600,373 135,050 2405,939 1234,721 2405,131 486,308 540,780 143,322 2556,393 1338,080 2678,364 500,155 676,129 164,000 2762,875 1477,633 2993,807 525, 281 806, 694 184, 199 258,836 170,168 468,606 263,587 175,394 472,526 266,721 181,223 475,498 273,395 187,335 486,396 279,529 200,394 505,854 292,491 208,405 534,227 297,423 217,991 566,266 312, 508 18 228, 788 19 600, 325 20 93,945 66,681 88,649 61,385 104,714 69,336 93,295 57,917 108,417 73,373 105,689 70,645 116,340 79,692 120,197 83,549 121,441 85,167 135,050 98,776 136,095 87,174 143,322 94,401 136,633 94,931 164,000 122,298 143,621 104, 563 184, 199 145, 141 21 22 23 24 -260,090 -45,546 -215,129 585 -267,824 -48,838 -219,626 640 -271,298 -50,857 -221,140 699 -278,035 -53,899 -224,884 748 -281,816 -56,804 -225,815 803 -287,473 -59,267 -229,055 849 -305,667 -64,070 -242,488 891 -320,242 -69,184 -251,964 906 25 26 27 28 29 8,843 7,456 8,133 9,200 11,256 14,798 14,107 8 U.S. gold and SDR's 9 Net claims on foreign (2)(3) 10 12 13 14 15 16 17 Total consolidated domestic net assets (2)(3) 18 19 20 Ncn*arm noncorp. business Farm business Nonfinancial corps. (2) 21 22 23 24 Private financial insts. (2) Sector basis +Pension fund reserves -Corp. equities held (4) 25 26 27 28 29 Public sectors % Financial assets less liabilities S cate and local governments U. . Government Sponsored credit agencies Monetary authority 30 Unallocated financial assets 12 13 14 15 16 17 17,651 30 Naiional^et Hcrth 6 National Net^orth Consolidated Domestic Net Assets with Tangibles at Current Cost YEAR-END OUTSTANDINGS YEAR-END OUTSTANDINGS 1**1 1962 CI) At replacement cost. (2) Net of foreign direct investment in U.S. business, but before deduction of foreign holdings of U.S. publicly-issued equities. (3) Excludes U.S. holdings of foreign equities. (4) Includes holdings of foreign shares. DATA ARE IN MILLIONS OF DOLLARS. 1963 1964 1965 1966 1967 1968 OCTOBER 1965 National Net Worth 7 700 National Net Worth Consolidated Domestic Net Assets with Tangibles at Current Cost YEAR-END OUTSTANDINGS YEAR-END OUTSTANDINGS 1969 1970 1971 1972 1973 1974 1975 1976 1 Tangible assets 2593,761 2772,774 2976,850 3284,819 3803,355 4440,712 4801,160 5293,720 1 2 3 4 5 6 Rrproducible assets CI) Residential structures N^nres. plant & equip. Inventories Consumer durables 1990,959 687,273 729,036 234,574 340,076 2154,108 734,561 807,285 243,955 368,307 2331,532 808,010 872,710 260,780 390,032 2565,371 908,657 946,718 288,720 421,276 2958,138 1056,615 1078,423 357,736 465,364 3493,761 1189,317 1334,659 434,351 535,434 3748,688 1283,428 1440,825 439,415 585,020 4098,004 1445,107 1542,777 473,620 636,500 2 3 4 5 6 7 Land at market values 602,802 618,666 645,318 719,448 845,217 946,951 1052,472 1195,716 7 8 U.S. gold ard SDR's 9 Net claims on foreign C 2 H 3 ) 11,859 65,308 11,923 66,642 11,306 56,739 12,445 52,540 13,818 57,184 14,026 57,555 13,934 84,833 13,993 104,462 8 9 2670,928 2851,339 3044,895 3349,804 3874,357 4512,293 4899,927 5412,175 10 Domestic net worth by sectors 11 Total, all sectors 2670,928 2851,339 3044,895 3349,804 3874,357 4512,293 4899,927 5412,175 11 12 13 14 15 16 17 2970,342 1589,916 3029,365 547,695 698,561 193,193 3170,745 1713,923 3170,736 563,353 681,803 211,657 3395,132 1863,898 3475,082 588,600 777,360 245,224 3711,450 2048,163 3832,075 641,126 849,778 293,008 4237,421 2289,653 3992,556 756,452 659,103 287,348 4919,470 2567,247 4163,988 846,436 463,341 286,964 5381,448 2800,028 4697,298 929,657 603,869 363,744 5948,552 3097,505 5277,750 1039,962 719,529 420,754 544,943 18 532,279 19 1406,260 20 10 Total consolidated domestic net assets (2)(3) Private total, consolidated Households Sector basis -Equity in noncorp. bus. -Corporate shares held (6) -Pension fund reserves 12 13 14 15 16 17 18 19 20 Nonfarm noncorp. business Farm business Nonfinancial corps. (2) 326,664 237,668 655,368 336,754 243,655 698,755 345,043 261,889 742,873 365,931 295,909 808,534 410,440 372,056 927,905 472,913 401,638 1181,568 501,206 460,700 1295,645 21 22 23 24 Private financial insts. (2) Sector basis •••Pension fund reserves -Corp. equities held (4) 160,726 108,564 193,193 141,031 177,658 116,362 211,657 150,361 181,429 131,775 245,224 195,570 192,913 149,205 293,008 249,300 237,367 158,826 287,348 208,807 296,104 163,289 286,964 154,149 323,869 170,428 363,744 210,303 367,565 189,786 420,754 242,975 21 22 23 24 -323,781 -79,181 -245,541 941 -340,879 -83,855 -257,982 958 -374,341 -93,906 -281,488 1,053 -391,191 -93,772 -298,618 1,199 -394,359 -91,095 -304,724 1,460 -412,741 -97,993 -316,676 1,928 -498,498 -109,256 -391,441 2,199 -558,428 -111,893 -449,065 2,530 25 26 27 28 29 21,473 24,104 29,545 31,295 5,564 16,977 ,25 26 27 28 29 Public sectors: Financial assets less liabilities State and local governments U.S. Government Sponsored credit agencies Monetary authority 30 Unallocated financial assets - 24,367 22,051 30 Ill OCTOBER 1965 National Net Worth y 700 National Net Worth Consolidated Domestic Net Assets with Tangibles at Current Cost YEAR-END OUTSTANDINGS YEAR-END OUTSTANDINGS 1969 1970 1971 1972 1973 1974 1975 1976 1 Tangible assets 2593,761 2772,774 2976,850 3284,819 3803,355 4440,712 4801,160 5293,720 1 2 3 4 5 6 Rfproducible assets CI) Residential structures Nnnres. plant & equip. Inventories Consumer durables 1990,959 687,273 729,036 234,574 340,076 2154,108 734,561 807,285 243,955 368,307 2331,532 808,010 872,710 260,780 390,032 2565,371 908,657 946,718 288,720 421,276 2958,138 1056,615 1078,423 357,736 465,364 3493,761 1189,317 1334,659 434,351 535,434 3748,688 1283,428 1440,825 439,415 585,020 4098,004 1445,107 1542,777 473,620 636,500 2 3 4 5 6 7 Land at market values 602,802 618,666 645,318 719,448 845,217 946,951 1052,472 1195,716 7 11,859 65,308 11,923 66,642 11,306 56,739 12,445 52,540 13,818 57,184 14,026 57,555 13,934 84,833 13,993 104,462 8 9 2670,928 2851,339 3044,895 3349,804 3874,357 4512,293 4899,927 5412,175 10 Domestic net worth by sector: 11 Total, all sectors 2670,928 2851,339 3044,895 3349,804 3874,357 4512,293 4899,927 5412,175 11 12 13 14 15 16 17 2970,342 1589,916 3029,365 547,695 698,561 193,193 3170,745 1713,923 3170,736 563,353 681,803 211,657 3395,132 1863,898 3475,082 588,600 777,360 245,224 3711,450 2048,163 3832,075 641,126 849,778 293,008 4237,421 2289,653 3992,556 756,452 659,103 287,348 4919,470 2567,247 4163,988 846,436 463,341 286,964 5381,448 2800,028 4697,298 929,657 603,869 363,744 5948,552 3097,505 5277,750 1039,962 719,529 420,754 544,943 18 532,279 19 1406,260 20 8 U.S. gold ard SDR's 9 Net claims on foreign (2)(3) 10 Total consolidated domestic net assets (2)(3) Private total, consolidated Households Sector basis -Equity in noncorp. bus. -Corporate shares held (6) -Pension fund reserves 12 13 14 15 16 17 18 19 20 Nonfarm noncorp. business Farm business Nonfinancial corps. (2) 326,664 237,668 655,368 336,754 243,655 698,755 345,043 261,889 742,873 365,931 295,909 808,534 410,440 372,056 927,905 472,913 401,638 1181,568 501,206 460,700 1295,645 21 22 23 24 Private financial insts. (2) Sector basis •Pension fund reserves -Corp. equities held (4) 160,726 108,564 193,193 141,031 177,658 116,362 211,657 150,361 181,429 131,775 245,224 195,570 192,913 149,205 293,008 249,300 237,367 158,826 287,348 208,807 296,104 163,289 286,964 154,149 323,869 170,428 363,744 210,303 367,565 189,786 420,754 242,975 21 22 23 24 -323,781 -79,181 -245,541 941 -340,879 -83,855 -257,982 958 -374,341 -93,906 -281,488 1,053 -391,191 -93,772 -298,618 1,199 -394,359 -91,095 -304,724 1,460 -412,741 -97,993 -316,676 1,928 -498,498 -109,256 -391,441 2,199 -558,428 -111,893 -449,065 2,530 25 26 27 28 29 21,473 24,104 29,545 31,295 5,564 16,977 _25 26 27 28 29 Public sectors: Financial assets less liabilities State and local governments U.S. Government Sponsored credit agencies Monetary authority 30 Unallocated financial assets - 24,367 22,051 30 700 National Net Worth OCTOBER 1985 National Net Worth ConscliHated Domestic Net Assets with Tangibles at Current Cost YEAR-END OUTSTANDINGS YEAR-END OUTSTANDINGS 1977 1 Tangible assets 1978 1979 1981 1980 1982 1983 1984 6101,650 7187,540 8284,326 9381,246 10366,379 10730,785 11191,506 11682,221 1 2 3 4 5 6 Reproducible assets CI) Residential structures Nonres. plant & equip. Inventories Consumer durables 4620,878 1672,329 1726,826 519,455 702,268 5350,957 1997,363 1960,299 602,275 791,020 6061,151 2225,186 2248,218 705,035 882,712 6750,242 2444,057 2550,422 775,376 980,387 7365,368 2660,843 2822,419 826,564 1055,542 7582,919 2694,407 2986,793 806,710 1095,009 7902,984 2835,579 3085,296 818,426 1163,683 8371,371 3021,201 3237,088 877,621 1235,461 2 3 4 5 6 7 Land at market values 1480,772 1836,583 2223,175 2631,004 3001,011 3147,866 3288,522 3310,850 7 14,348 86,621 13,229 92,590 13,896 115,941 13,770 136,769 15,246 174,614 16,398 190,906 16,146 165,628 16,737 81,552 8 9 Total consolidated domestic net assets ( 2 X 3 ) 6202,619 7293,359 8414,163 9531,785 10556,239 10938,089 11373,280 11780,510 10 Domestic net worth by sector* 11 Total, all sectors 6202,619 7293,359 8414,163 9531,785 10556,239 10938,089 11373,280 11780,510 11 Private total, consolidated Households Sector basis -Equity in noncorp. bus. -Corporate shares held (4) -Pension fund reserves 6784,300 3504,151 5835,771 1192,676 678,068 460,876 7889,049 4054,813 6721,839 1439,052 695,176 532,798 9030,960 4549,236 7708,909 1686,635 841,095 631,943 10244,647 5120,932 8961,947 1933,492 1124,940 782,583 11336,045 5702,528 9749,899 2121,430 1070,768 855,173 11872,071 5996,794 10399,703 2193,426 1185,913 1023,570 12487,510 6356,259 11143,556 2256,804 1326,089 1204,404 13125,900 6812,241 11678,764 2229,679 1330,152 1306,692 647,952 585,725 1601,290 791,391 696,410 1802,283 938,610 804,328 2095,947 1109,372 886,151 2393,123 1307,232 875,482 2617,266 1422,486 828,968 2687,881 1499,019 814,823 2801,206 1568,824 18 710,597 19 2850,262 20 445,182 216,469 460,876 232,163 544,152 256,617 532,798 245,263 642,839 301,017 631,943 290,121 735,069 335,243 782,583 382,757 833,537 347,931 855,173 369,567 935,942 370,840 1023,570 458,468 1016,203 410,711 1204,404 598,912 1183,976 473,337 1306,692 596,053 21 22 23 24 -603,769 -101,612 -505,042 2,885 -636,898 -96,790 -543,513 3,405 -662,063 -97,048 -568,976 3,961 -730,199 -99,954 -634,543 4,298 -803,650 -96,119 -712,327 4,796 -957,521 -94,842 -868,582 5,903 -1142,550 -87,495 -1062,025 6,970 -1325,257 -77,784 -1255,310 7,837 25 26 27 28 29 8 U.S. gold and SDR's 9 Net claims on foreign (2)(3) 10 12 13 14 15 16 17 18 19 20 Nonfarm noncorp. business Farm business tlonfinancial corps. (2) 21 22 23 24 Private financial insts. (2) Sector basis +Pension fund reserves -Corp. equities held (4) _25 26 27 28 29 Public sectors* Financial assets less liabilities State and local governments U.S. Government Sponsored credit agencies Monetary authority 30 Unallocated financial assets http://fraser.stlouisfed.org/ illReserve Bank of St. Louis Federal — 22,088 — 41,208 - 45,266 - 17,337 - 23,844 - 23,539 - 28,320 - 12 13 14 15 16 17 -20,133 30 Ill OCTOBER 1985 National Net Worth 10 700 CONTINUED National Net North Consolidated Domestic Net Assets with Tangibles at Current Cost YEAR-EKD OUTSTANDINGS YEAR-END OUTSTANDINGS 1977 1978 (1) At replacement cost. (2) Net of foreign direct investment in U.S. business, but before deduction of foreign holdings of U.S. publicly-issued equities. C3) Excludes U.S. holdings of foreign equities. (4) Includes holdings of foreign shares. DATA ARE IN MILLIONS OF DOLLARS. 1979 1980 1981 1982 1983 1984 OCTOBER 1985 Tangible Asset Holdings 701 Tangible Asset Holdings Distribution of Tangible Assets by Sector II YEAR-END OUTSTANDINGS YEAR-END OUTSTANDINGS 1945 1946 1 Total holdings of tangibles 2 Households&nonprofit insts. 3 Farm business 4 Nonfarm noncorp. business 5 Nonfarm nonfinan. corps. 6 Financial corporations 458,569 144,823 80,980 107,858 123,351 1,557 543,987 168,168 95,478 121,625 156,772 1,944 642,673 205.118 106,146 138,974 190.119 2,316 709,822 234,550 108,958 149,330 214,533 2,451 728,042 250,448 107.649 148,813 218,659 2,473 838.053 297,941 126,111 163,687 247,506 2,808 929,975 336,998 138,764 173,992 277,116 3,105 976,592 364,438 137,713 179,206 291,839 3,396 7 Plant and equipment (1) 8 Nonprofit institutions 9 Farm business 10 Nonfarm noncorp. business 11 Nonfarm nonfin. corporations 12 Financial corporations 95,108 5,415 7,333 11,876 69,518 966 120,882 6,888 9,509 15,707 87,502 1,276 151,253 8,446 12,357 20,080 108,795 1,575 174,005 9,159 15,305 23,095 124,743 1,703 183,826 9,604 17,208 24,016 131,248 1,750 205,534 11,077 19,976 27,159 145,310 2,012 229,345 12,775 22,321 30,229 161,770 2,250 243,301 7 13,683 8 23,718 9 31,701 10 171,721 11 2,478 12 13 Residential structures CI) 14 Households: Owner-occupants 15 Nonprofit institutions 16 Farm business 17 Nonfarm noncorp. business 18 Nonfarm nonfin. corporations 19 Financial corporations 135,141 67,779 4,025 11,304 49,372 2,449 212 157,332 81,386 4,519 12,904 55,522 2,762 239 189,822 101,844 5,186 15,164 64,147 3,204 277 211,668 117,907 5,461 16,407 68,150 3,446 297 213.650 122,297 5,266 16,199 66,191 3,407 290 245.054 145,322 5,683 17,738 71,911 4,081 319 268,376 163,819 5,934 18,660 75,807 3,820 336 282,908 176,806 5,983 18,892 76,846 4,039 342 13 14 15 16 17 18 19 20 Inventories (2) 21 Farm business 22 Nonfarm noncorp. business 23 Corporations 51,055 15,626 6,855 28,574 70,692 21,808 8,812 40,072 83,335 25,822 10,128 47,385 87,718 23,412 11,726 52,580 78,485 19,521 10,769 48,195 96,102 24,166 13,142 58,794 108,706 26,536 13,917 68,253 106,195 23,072 13,626 69,497 20 21 22 23 24 Consumer durables (households) 48,600 54,956 65,706 76,346 86,465 103,553 119,379 128,795 24 128,665 19,004 46,717 39,755 22,810 379 140,125 20,419 51,257 41,584 26,436 429 152,557 23,936 52,803 44,619 30,735 464 160,085 25,677 53,834 46,359 33,764 451 165,616 26,816 54,721 47,837 35,809 433 187,810 32,306 64,231 51,475 39,321 477 204,169 35,091 71,247 54,039 43,273 519 215,393 39,171 72,031 57,033 46,582 576 25 Land at market value 26 Households&nonprofit insts. 27 Farm business 28 Nonfarm noncorp. business 29 Nonfarm nonfinan. corps. 30 Financial corporations (1) At replacement cost. (2) At year-end prices. DATA ARE IN MILLIONS OF DOLLARS. 1947 1948 1949 1950 1951 1952 1 2 3 4 5 6 25 26 27 28 29 30 OCTOBER 1985 Tangible Asset Holdings 12 Tangible Asset Holdings Distribution of Tangible Assets by Sect# YEAR-END OUTSTANDINGS YEAR-END OUTSTANDINGS 1953 1954 1955 1956 1957 1958 1959 1960 1559,690 614,891 181,389 255,512 501,131 6,767 1 2 3 4 5 6 1019,354 389,216 135,331 184,454 306,885 3,468 1067,509 415,701 137,891 189,464 315,619 3,834 1147,332 455,651 140,801 201,108 345,337 4,435 1252,909 499,747 149,869 213,940 384,257 5,096 1332,622 531,574 158,983 217,695 418,895 5,475 1407,383 559,422 172,868 227,003 442,245 5,845 1495,773 595,931 178,845 240,094 474,411 6,492 7 Plant and equipment CI) Nonprofit institutions 8 Farm business 9 Nonfarm noncorp. business 10 Nonfarm nonfin. corporations 11 Financial corporations 12 256,329 14,328 24,434 33,294 181,729 2,544 266,235 15,366 24,802 34,520 188,711 2,836 290,534 17,238 26,163 38,192 205,622 3,319 323,446 19,543 27,292 42,986 229,807 3,818 344,655 20,782 27,857 45,944 245,959 4,113 356,840 22,202 28,611 47,611 254,043 4,373 370,115 23,581 29,439 49,766 262,508 4,821 380,217 7 24,973 8 29,621 9 51,747 10 268,881 11 4,995 12 13 Residential structures (1) Households: Owner-occupants 14 Nonprofit institutions 15 Farm business 16 Nonfarm noncorp. business 17 Nonfarm nonfin. corporations 18 Financial corporations 19 294,026 187,842 5,982 18,858 76,942 4,058 344 310,462 202,783 6,079 19,013 78,122 4,115 350 333,674 223,137 6,273 19,251 80,432 4,219 362 353,093 240,487 6,450 19,420 82,071 4,295 370 364,664 251,885 6,522 19,181 82,348 4,355 373 377,035 263,744 6,655 18,964 82,852 4,443 377 394,157 279,227 6,841 18,803 84,265 4,634 387 408,562 292,272 6,996 18,565 85,457 4,868 404 13 14 15 16 17 18 19 20 Inventories (2) Farm business 21 Nonfarm noncorp. business 22 Corporations 23 107,106 21,625 14,114 71,367 104,431 20,538 14,002 69,891 109,805 17,571 14,859 77,375 119,334 18,311 15,610 85,413 124,193 20,941 16,078 87,174 126,634 24,941 16,583 85,110 131,974 24,350 16,575 91,049 135,966 25,590 16,349 94,027 20 21 22 23 24 Consumer durables (households) 137,944 142,741 151,940 165,812 174,736 181,449 187,882 192,384 24 25 Land at market value 26 Households&nonprofit insts. 27 Farm business 28 Nonfarm noncorp. business 29 Nonfarm nonfinan. corps. 30 Financial corporations 223,949 43,120 70,414 60,104 49,731 580 238,640 48,732 73,538 62,820 52,902 648 261,379 57,063 77,816 67,625 58,121 754 291,224 67,455 84,846 73,273 64,742 908 324,374 77,649 91,004 73,325 81,407 989 365,425 85,372 100,352 79,957 98,649 1,095 411,645 98,400 106,253 89,488 116,220 1,284 442,561 98,266 107,613 101,959 133,355 1,368 1 Totfl holdings of tangibles Hiuseholds&nonprofit insts. 2 Farm business 3 Nonfarm noncorp. business 4 Nonfarm nonfinan. corps. 5 Financial corporations 6 (1) At replacement cost. At year-end prices. e (2) DATA ARE IN MILLIONS OF DOLLARS. http://fraser.stlouisfed.org/ FederalHie Reserve Bank of St. Louis 25 26 27 28 29 30 701 Tangible Asset Holdings OCTOBER 1985 Tangible Asset Holdings Distribution of Tangible Assets by Sector Ig YEAR-END OUTSTANDINGS YEAR-END OUTSTANDINGS 1961 1963 1964 1965 1966 1967 1968 2383,755 1003,357 265,312 354,812 740,344 19,930 1 2 3 4 5 6 1 Total holdings of tangibles 2 Households&nonprofit insts. 3 Farm business 4 Nonfarm noncorp. business 5 Nonfarm nonfinan. corps. 6 Financial corporations 1631, 068 639, 972 187,759 266,753 529, 321 7,263 1681,455 666,647 195, 155 273, 957 538, 062 7,634 1730, 457 690, 305 204, 436 279, 550 547, 751 8, 415 1813,107 734,893 212,945 290,981 564,675 9,613 1915,469 775,786 229,571 302,981 595,767 11,364 2061,783 842,879 240,975 320,132 644,233 13,564 2190,959 991,456 253,301 331,267 688,907 16,028 7 Plant and equipment CI) 8 Nonprofit institutions 9 Farm business 10 Nonfarm ncncorp. business 11 Nonfarm ncmfin. corporations 12 Financial corporations 391,482 27, 065 30, 160 53,862 275, 088 5,307 407, 028 29,465 31, 005 56, 146 284, 921 5,491 424,887 32, 061 32, 225 58, 976 295, 480 6, 145 449,302 34,788 33,561 62,659 311,213 7,081 487,233 38,472 35,927 67,937 336,434 8,463 539,552 42,896 38,943 74,983 372,467 10,263 588,723 47,094 42,065 80,910 406,360 12,294 647,527 7 51,904 8 44,984 9 88,409 10 446,414 11 15,816 12 13 Residential structures CI) 14 Householdsi Owner-occupants 15 Nonprofit institutions 16 Farm business 17 Nonfarm noncorp. business 18 Nonfarm nonfin. corporations 19 Financial corporations 422, 088 303,780 7, 198 18,423 87, 007 5,251 429 438, 451 316,715 7,631 18,279 89, 530 5,831 465 448, 256 324, 555 7,837 17,793 91, 080 6, 489 502 477,929 347,102 8,472 18,111 96,288 7,397 559 500,801 365,063 9,034 18,109 99,818 8,171 606 538,970 394,443 9,868 18,805 106,058 9,131 665 565,933 416,089 10,402 19,115 109,739 9,880 708 631,083 466,041 11,371 20,435 120,962 11,462 812 13 14 15 16 17 18 19 20 Inventories C2) 21 Ferm business 22 Nonfarm noncorp. business Corporations 23 137,930 25,835 15,424 96,671 144,603 27, 308 15,611 101,684 150, 391 27,644 15, 003 107,744 156,183 26,463 14,953 114,767 170,520 29,910 15,793 124,817 187,408 29,591 16,329 141,488 199,433 29,526 16,257 153,650 213,483 30,598 17,247 165,638 20 21 22 23 24 Consumer durables Chouseholds; 194,982 200, 319 210,616 221,392 233,137 255,279 279,593 310,542 24 25 Land at market value 26 Households&nonprofit insts. 27 Farm business 28 Nonfarm noncorp. business 29 Nr nfarm nonfinan. corps. 30 F nancial corporations 484, 586 106,947 113,341 110,460 152, 311 1,527 491, 054 112, 517 118, 563 112,670 145,626 1,678 496, 307 115, 236 126,774 114, 491 138, 038 1,768 508,301 123,139 134,810 117,081 131,298 1,973 523,778 130,080 145,625 119,433 126,345 2,295 540,574 140,393 153,636 122,762 121,147 2,636 557,277 148,278 162,595 124,361 119,017 3,026 581,120 163,499 169,295 128,194 116,830 3,302 CI) At replacement cost. _ C 2 ) At year-end prices. DATA ARE IN MILLIONS OF DOLLARS. ill 1962 25 26 27 28 29 30 Ill OCTOBER 1985 Tangible Asset Holdings 701 Tangible Asset Holdings Distribution of Tangible Assets by Sector 14 YEAR-END OUTSTANDINGS YEAR-END OUTSTANDINGS 1969 1*70 1971 1972 1973 1974 1975 1976 1 Total holdings of tangibles 2 Households&nonprofit insts. 3 Farm business 4 Nonfarm noncorp. business 5 Nonfarm nonfinan. corps. 6 Financial corporations 2593,761 1099,114 276,313 381,922 810,974 25,438 2772,774 1183,498 283,633 404,418 870,628 30,597 2976,850 1286,554 305,793 431,077 918,229 35,197 3284,819 1429,632 345,240 478,975 989,925 41,047 3803,355 1637,077 430,314 551,186 1134,429 50,349 4440,712 1868,764 467,353 633,279 1408,320 62,996 4801,160 2016,754 534,352 674,612 1508,927 66,515 5293,720 2245,434 615,504 732,688 1629,073 71,021 7 Plant and equipment (1) 8 Nonprofit institutions 9 Farm business 10 Nonfarm noncorp. business 11 Nonfarm nonfin. corporations 12 Financial corporations 729,036 60,268 49,556 100,145 498,519 20,548 807,285 67,143 52,977 110,996 551,116 25,053 872,710 72,972 56,284 120,329 593,855 29,270 946,718 80,282 61,314 131,508 639,468 34,146 1078,423 91,757 69,471 151,562 723,395 42,238 1334,659 111,792 87,175 186,014 896,539 53,139 1440,825 112,036 95,105 193,442 983,579 56,663 1542,777 7 116,314 8 105,048 9 203,609 10 1057,369 11 60,437 12 13 Residential structures CI) 14 Householdst Owner-occupants 15 Nonprofit institutions 16 Farm business 17 Nonfarm noncorp. business 18 Nonfarm nonfin. corporations 19 Financial corporations 687,273 508,505 12,037 21,424 131,236 13,153 918 734,561 545,016 12,434 21,995 139,487 14,620 1,009 808,010 602,553 12,982 23,101 151,611 16,627 1,136 908,657 680,490 13,692 24,605 169,035 19,518 1,317 1056,615 794,051 15,016 27,124 195,268 23,583 1,573 1189,317 898,312 16,083 30,026 216,411 26,710 1,775 1283,428 973,777 16,774 31,628 230,456 28,872 1,921 1445,107 1104,022 18,005 34,528 254,193 32,209 2,150 13 14 15 16 17 18 19 20 Inventories (2) 21 Farm business 22 Nonfarm noncorp. business 23 Corporations 234,574 33,292 17,997 183,285 243,955 32,317 18,890 192,748 260,780 36,670 21,291 202,819 288,720 45,636 23,580 219,504 357,736 66,586 26,635 264,515 434,351 62,372 28,662 343,317 439,415 64,466 26,579 348,370 473,620 60,586 26,832 386,202 20 21 22 23 24 Consumer durables (households) 340,076 368,307 390,032 421,276 465,364 535,434 585,020 636,500 24 25 Land at market value 26 Households&nonprofit insts. 27 Farm business 28 Nonfarm noncorp. business 29 Nonfarm nonfinan. corps. 30 Financial corporations 602,802 178,228 172,041 132,544 116,017 3,972 618,666 190,598 176,344 135,045 112,144 4,535 645,318 208,015 189,738 137,846 104,928 4,791 719,448 233,892 213,685 154,852 111,435 5,584 845,217 270,889 267,133 177,721 122,936 6,538 946,951 307,143 287,780 202,192 141,754 8,082 1052,472 329,147 343,153 224,135 148,106 7,931 (1) At replacement cost. (2) At year-end prices. DATA ARE IN MILLIONS OF DOLLARS. 1195,716 370,593 415,342 248,054 153,293 8,434 25 26 27 28 29 30 OCTOBER 1985 Tangible Asset Holdings 701 Tangible Asset Holdings Distribution of Tangible 15 YEAR-END OUTSTANDINGS by Sector YEAR-END OUTSTANDINGS 1977 1978 1979 1980 1981 1982 1983 1984 6101,650 2618, 306 680, 293 861, 596 1859,867 81, 588 7187, 540 3140, 908 805, 323 1035, 297 2109, 816 96, 196 8284, 326 3580,539 933, 705 1213, 206 2442, 909 113, 967 9381,246 4029,237 1028,900 1410,610 2779,590 132,909 10366,379 4456,719 1033,917 1635,645 3090,054 150,044 10730,785 4582,845 992,924 1781,897 3208,355 164,764 11191,506 4798,546 982,381 1918,216 3316,790 175,573 7 Plant and equipment (1) 8 Nonprofit institutions 9 Farm business 10 Nonfarm noncorp. business 11 Nonfarm nonfin. corporations 12 Financial corporations 1726,826 129,697 119,622 230, 471 1177, 524 69, 512 1960, 299 146,648 140, 037 273,711 1318, 198 81,705 2248,218 165,685 160, 086 325, 335 1501, 075 96, 037 2550,422 183,053 179,016 380,167 1697,628 110,558 2822,419 191,448 190,550 448,082 1868,871 123,468 2986,793 201,018 194,299 496,185 1959,342 135,949 3085,296 207,795 195,041 520,437 2017,156 144,867 3237,088 7 217,240 8 195,028 9 549,969 10 2115,581 11 159,270 12 13 Residential structures (1) 14 Households: Owner-occupants 15 Nonprofit institutions 16 Farm business 17 Nonfarm noncorp. business 13 Nonfarm nonfin. corporations 19 Financial corporations 1672, 329 1286,657 19,665 38,783 287,792 36, 959 2,473 1997, 363 1545, 989 22,234 44, 981 337,247 43,965 2,947 2225, 186 1729, 014 23, 466 48,643 371, 475 49, 287 3, 301 2444,057 1904,181 24,611 52,126 404,871 54,614 3,654 2660,843 2078,383 25,744 54,892 437,834 59,982 4,008 2694,407 2108,215 25,206 54,360 441,276 61,261 4,089 2835,579 2220,329 25,384 54,591 465,524 65,368 4,383 3021,201 2365,137 25,815 55,377 498,992 71,099 4,781 13 14 15 16 17 18 19 20 Inventories (2) 21 Farm business 22 Nonfarm noncorp. business 23 Corporations 519,455 59,862 28, 511 431, 082 602, 275 73, 932 31,832 496, 511 705, 035 81, 892 35, 522 587,621 775,376 86,339 38,233 650,804 826,564 83,727 34,134 708,703 806,710 80,190 34,941 691,579 818,426 80,633 37,56? 700,231 877,621 84,276 39,350 753,995 20 21 22 23 24 Conruner durables (households) 702, 268 791, 020 712 980,387 1055,542 1095,009 1163,683 1235,461 24 1480,772 480, 019 462, 026 314,822 214, 302 9,603 1836, 583 635, 017 546, 373 392, 507 251, 142 11,544 2223, 175 779,662 643, 084 480,874 304, 926 14,629 2631,004 937,005 711,419 587,339 376,544 18,697 3001,011 1105,602 704,748 715,595 452,498 22,568 3147,866 1153,397 664,075 809,495 496,173 24,726 3288,522 1181,355 652,116 894,693 534,035 26,323 3310,850 1188,201 545,842 971,396 576,618 28,793 25 Land at market value 26 Households&nonprofit insts. 27 Farm business 28 Nonfarm noncorp. business 29 Nonfarm nonfinan. corps. 30 Financial corporations (1) At replacement cost. _ ( 2 ) At year-end prices. DATA ARE IN MILLIONS OF DOLLARS. CNJ 60 CO 1 Total holdings of tangibles 2 Households&nonprofit insts. 3 Farm business 4 Nonfarm noncorp. business 5 Nonfarm nonfinan. corps. Financial corporations 6 11682,221 5031,854 880,523 2059,707 3517,293 192,844 1 2 3 4 5 6 25 26 27 28 29 30 OCTOBER 1985 Households 702 Households Sector Balance Sheets with Tangible Assets at Current Cost 16 YEAR-END OUTSTANDINGS YEAR-END OUTSTANDINGS 1945 1946 1947 1948 1949 1951 1950 1952 Households, Personal Trusts, and Nonprofit Organizations 1 Tangible assets 144,823 168,168 205,118 234,550 250,448 297,941 336,998 364,438 1 2 3 4 5 6 7 125,819 71,804 67,779 4,025 5,415 48,600 147,749 85,905 81,386 4,519 6,888 54,956 181,182 107,030 101,844 5,186 8,446 65,706 208,873 123,368 117,907 5,461 9,159 76,346 223,632 127,563 122,297 5,266 9,604 86,465 265,635 151,005 145,322 5,683 11,077 103,553 301,907 169,753 163,819 5,934 12,775 119,379 325,267 182,789 176,806 5,983 13,683 128,795 2 3 4 5 6 7 19,004 15,824 3,180 20,419 16,818 3,601 23,936 19,911 4,025 25,677 21,549 4,128 26,816 22,572 4,244 32,306 27,613 4,693 35,091 29,940 5,151 39,171 8 33,595 9 5,576 10 11 Total financial assets 560,537 594,258 629,114 646,580 662,141 728,177 787,288 825,649 11 12 13 14 15 16 Deposits & cr. mkt. instr. Checkable deposits & curr Small time & savings dep. Money market fund shares Large time deposits 201,835 55,937 49,977 211,000 59,723 56,264 215,105 58,341 59,654 216,946 55,603 61,824 219,688 53,738 64,343 224,286 56,145 66,728 233,762 60,299 71,379 84 68 57 77 155 163 250 246,797 12 62,349 13 79,113 14 15 320 16 17 18 19 20 21 Credit market instruments U.S. Govt, securities Savings bonds Other Treasury issues Agency issues 95,837 67,733 42,935 24,696 102 94,945 66,324 44,151 22,141 32 97,053 67,463 46,236 21,138 89 99,437 67,777 47,837 19,722 218 101,452 68,847 49,300 19,388 159 101,250 68,244 49,552 18,538 154 101,834 67,351 49,081 17,959 311 105,015 67,835 49,173 18,404 258 17 18 19 20 21 22 23 24 25 State & local obi. Corporate & fgn. bonds Open-market paper Mortgages 6,557 9,364 32 12,151 6,504 8,396 63 13,658 6,946 7,576 70 14,998 7,952 7,403 155 16,150 8,643 6,897 202 16,863 9,191 6,000 284 17,531 9,529 6,114 415 18,425 11,543 6,087 461 19,089 22 23 24 25 26 27 28 Corporate equities Mutual fund shares Other corporate equities 111,568 1,264 110,304 103,387 1,297 102,090 101,249 1,412 99,837 100,136 1,515 98,621 109,445 3,070 106,375 133,663 3,344 130,319 156,293 3,481 152,812 170,429 26 3,931 27 166,498 28 29 30 Life insurance reserves Pension fund reserves 39,560 11,306 43,360 12,815 46,510 15,038 49,353 17,490 52,104 20,327 55,049 24,254 57,777 27,820 60,665 29 32,595 30 31 Equity in noncorp. business 189,323 215,909 242,960 254,014 251,518 281,262 301,467 304,446 31 32 Security credit 694 733 660 654 702 971 893 714 32 8 9 10 Reproducible assets Residential structures Owner-occupied housing Nonprofit institutions Nonprofit plant & equip. Consumer durables Land Owner-occupied Nonprofit institutions http://fraser.stlouisfed.org/ Federallib Reserve Bank of St. Louis # # * # # # # # # # # OCTOBER 1985 Households 17 YEAR-END OUTSTANDINGS 702 CONTINUED Households Sector Balance Sheets with Tangible Assets at Current Cost YEAR-END OUTSTANDINGS 1945 1946 1947 1948 1949 1950 1951 6,251 7,054 7,592 7,987 8,357 8,692 9,276 10,003 33 705,360 762,426 834,232 881,130 912,589 1026,118 1124,286 1190,087 34 35 Total liabilities 34,458 38,758 47,042 55,170 63,782 77,034 86,054 98,576 35 36 37 38 39 40 41 28,455 18,000 500 35,189 21,607 642 43,656 26,266 831 51,937 30,862 1,130 60,175 35,284 1,515 72,557 41,998 1,978 81,541 48,622 2,490 2,607 5,023 4,435 6,319 7,092 7,366 9,514 8,154 12,232 8,620 15,503 10,138 16,220 11,048 93,712 36 54,834 37 2,953 38 39 20,470 40 12,081 41 247 2,078 178 2,008 51 2,050 95 2,182 143 2,381 369 2,571 396 2,765 472 42 2,902 43 4,861 504 2,195 671 1,831 771 1,547 851 1,819 884 2,519 951 2,393 1,034 2,569 44 1,133 45 638 703 784 835 904 1,007 1,086 1,162 46 670,902 723,668 787,190 825,960 848,807 949,084 1038,232 1091,511 47 83,603 98,204 121,755 139,456 144,869 172,935 193,759 210,401 48 21.530 22,002 21,572 22*130 24.355 24.285 25.094 26.061 49 31,662 35,723 38,154 38,100 37,424 40,156 41,867 42,517 50 33 Miscellaneous assets 34 Total assets Credit market instruments Home mor%gages Other mortgages Tax-exempt securities Installment cons, credit Other consumer credit 42 43 44 45 46 Bank loans n.e.c. Other loans Security credit Trade credit Deferred and unpaid life insurance premiums 47 Net worth - 1952 Memo 1 48 Total owner-occ. real estate Home mortgages as per cent of 49 owner-occ. real estate 50 Inventories of nondurable goods# no included in totals above DATA ARE IN MILLIONS OF DOLLARS. OCTOBER 1985 Households 702 Households Sector Balance Sheets with Tangible Assets at Current Cost 18 YEAR-END OUTSTANDINGS YEAR-END OUTSTANDINGS 1953 1954 1955 1956 1957 1958 1959 1960 Households, Personal Trusts, and Nonprofit Organizations 1 Tangible assets 389,216 415,701 455,651 499,747 531,574 559,422 595,931 614,891 2 3 4 5 6 7 346,096 193,824 187,842 5,982 14,328 137,944 366,969 208,862 202,783 6,079 15,366 142,741 398,588 229,410 223,137 6,273 17,238 151,940 432,292 246,937 240,487 6,450 19,543 165,812 453,925 258,407 251,885 6,522 20,782 174,736 474,050 270,399 263,744 6,655 22,202 181,449 497,531 286,068 279,227 6,841 23,581 187,882 516,625 299,268 292,272 6,996 24,973 192,384 43,120 37,418 5,702 48,732 41,905 6,827 57,063 49,456 7,607 67,455 58,523 8,932 77,649 63,823 13,826 85,372 71,153 14,219 98,400 83,637 14,763 98,266 8 86,276 9 11,990 10 11 Total financial assets 841,914 940,025 1030,253 1096,785 1094,927 1253,127 1334,328 1375,482 11 12 13 14 15 16 Deposits & cr. mkt. instr. Checkable deposits & curr. Small time & savings dep. Money market fund shares Large time deposits 259,835 63,472 87,262 271,932 65,218 96,405 289,319 66,115 105,043 306,992 67,751 114,468 323,075 66,600 126,403 340,291 68,792 140,289 366,301 71,641 151,695 316 322 314 273 260 227 17 18 19 20 21 Credit market instruments U.S. Govt, securities Savings bonds Other Treasury issues Agency issues 108,785 68,494 49,371 19,028 95 109,987 66,941 49,966 16,874 101 117,847 69,313 50,229 18,472 612 124,500 71,070 50,135 19,839 1,096 129,812 71,707 48,226 21,700 1,781 22 23 24 25 State & local obi. Corporate & fgn. bonds Open-market paper Mortgages 13,373 5,989 848 20,081 15,895 5,064 873 21,214 19,347 5,594 1,117 22,476 21,499 6,707 1,165 24,059 26 27 28 Corporate equities Mutual fund shares Other corporate equities 162,414 4,146 158,268 235,019 6,109 228,910 286,293 7,838 278,455 29 30 Life insurance reserves Pension fund reserves 63,647 37,479 66,349 42,654 31 Equity in noncorp. business 307,222 32 Security credit 708 8 9 10 Reproducible assets Residential structures Owner-occupied housing Nonprofit institutions Nonprofit plant & equip. Consumer durables Land Owner-occupied Nonprofit institutions 1 216 387,313 73,331 163,372 578 12 13 14 15 16 130,983 68,417 47,703 19,494 1,220 142,749 74,292 45,907 25,437 2,948 150,032 73,843 45,642 25,902 2,299 17 18 19 20 21 23,190 7,639 1,279 25,997 24,003 8,859 1,142 28,562 28,187 9,300 311 30,659 30,802 9,995 1,966 33,426 22 23 24 25 305,087 9,046 296,041 267,382 8,714 258,668 373,311 13,241 360,070 401,991 15,818 386,173 395,457 26 17,026 27 378,431 28 69,254 50,546 72,724 56,590 75,462 62,678 78,535 72,716 81,956 82,410 85,184 29 90,818 30 312,105 322,529 342,777 353,395 374,801 387,860 402,276 31 1,020 899 882 894 1,156 989 1,137 32 OCTOBER 1985 Households 702 CONTINUED Households Sector Balance Sheets with Tangible Assets at Current Cost 19 YEAR-END OUTSTANDINGS YEAR-END OUTSTANDINGS 1953 1954 1955 1956 1957 1958 1959 10,609 10,946 11,413 11,733 12,041 12,317 12,821 13,297 33 1231,130 1355,726 1485,904 1596,532 1626,501 1812,549 1930,259 1990,373 34 35 Total liabilities 111,772 124,037 144,890 161,387 174,105 187,196 210,324 228,230 35 36 37 38 39 40 41 106,274 62,458 3,442 117,267 71,144 4,034 137,211 83,305 4,624 153,415 94,538 5,299 166,239 103,419 6,041 177,896 112,880 6,824 200,618 125,685 7,602 24,254 12,482 24,891 13,301 30,269 15,079 33,171 16,097 35,443 16,748 35,339 17,363 41,123 19,618 218,327 36 137,360 37 8,432 38 39 45,051 40 20,053 41 508 3,130 522 3,375 329 3,605 418 3,892 233 4,355 669 4,821 1,157 5,433 1,179 42 6,252 43 3,032 1,212 4,131 1,298 4,816 1,381 4,773 1,53G 4,365 1,658 5,522 1,809 5,536 1,983 5,398 44 2,126 45 1,254 1,341 1,482 1,669 1,843 1,969 2,187 2,379 46 1119,358 1231,689 1341,014 1435,145 1452,396 1625,353 1719,935 1762,143 47 225,260 244,688 272,593 299,010 315,708 334,897 362,864 378,548 48 27,727 29,075 30.560 31.616 32*757 33.705 34,636 36,286 49 43,191 43,172 44,780 46,942 48,070 48,665 50,665 52,493 50 33 Miscellaneous assets 34 Total assets Credit market instruments Home mortgages Other mortgages Tax-exempt securities Installment cons, credit Other consumer credit 42 43 44 45 46 Bank loans n.e.c. Other loans Security credit Trade creHit Deferred and unpaid life insurance premiums 47 Net worth 1960 Memo * 48 Total owner-occ. real estate Home mortgages as per cent of 49 owner-occ. real estate Inventories of nondurable goods, 50 not included in totals above DATA ARE IN MILLIONS DOLLARS. 702 Households OCTOBER 1985 Households Sector Balance Sheets with Tangible Assets at Current Cost 20 YEAR-END OUTSTANDINGS YEAR-END OUTSTANDINGS 1961 1962 1963 1964 1965 1967 1966 1968 Households, Personal Trusts, and Nonprofit Organizations 1 Tangible assets 639,972 666,647 690,305 734,893 775,786 842,879 901,456 1003,357 1 2 3 4 5 6 7 Reproducible assets Residential structures Ownsi—occupied housing Nonprofit institutions Nonprofit plant & equip. Consumer durables 533,025 310,978 303,780 7,198 27,065 194,982 554,130 324,346 316,715 7,631 29,465 200,319 575,069 332,392 324,555 7,837 32,061 210,616 611,754 355,574 347,102 8,472 34,788 221,392 645,706 374,097 365,063 9,034 38,472 233,137 702,486 404,311 394,443 9,868 42,896 255,279 753,178 426,491 416,089 10,402 47,094 279,593 839,858 477,412 466,041 11,371 51,904 310,542 2 3 4 5 6 7 Land Owner occupied Nonprofit institutions 106,947 93,649 13,298 112,517 97,637 14,880 115,236 100,054 15,182 123,139 107,005 16,134 130,080 112,542 17,538 140,393 121,599 18,794 148,278 128,272 20,006 163,499 8 143,671 9 19,828 10 1533,893 1518,994 1656,600 1779,308 1932,255 1945,378 2185,678 2435,853 11 408,694 71,991 181,301 437,640 71,387 206,939 471,915 75,956 232,356 509,953 81,284 257,688 550,601 88,744 284,828 587,663 91,130 302,913 638,469 101,013 337,313 695,811 12 111,930 13 364,045 14 15 9,463 16 8 9 10 11 Total financial assets 12 13 14 15 16 17 18 19 20 21 Deposits & cr. mkt. instr. Checkable deposits & curr. Small time & savings dep. Money market fund shares Large time deposits Credit market instruments U.S. Govt, securities Savings bonds Other Treasury issues Agency issues - - - - - - - 925 1,389 2,172 2,897 3,562 4,485 5,218 154,477 73,792 46,445 25,282 2,065 157,925 75,583 46,968 26,589 2,026 161,431 75,712 48,149 25,765 1,798 168,084 77,831 49,060 26,112 2,659 173,467 79,708 49,695 26,317 3,696 189,135 86,983 50,249 28,596 8,138 194,925 88,117 51,219 28,789 8,109 210,373 93,807 51,866 33,027 8,914 17 18 19 20 21 37,577 20,437 10,104 48,448 22 23 24 25 22 23 24 25 State & local obi. Corporate & fgn. bonds Open-market paper Mortgages 32,008 9,853 2,162 36,662 31,496 9,372 2,708 38,766 31,986 9,541 3,942 40,250 34,627 9,037 4,842 41,747 36,412 9,519 5,642 42,186 40,443 10,851 6,667 44,191 38,118 15,108 7,593 45,989 26 27 28 Corporate equities Mutual fund shares Other corporate equities 500,803 22,875 477,928 437,432 21,271 416,161 513,891 25,214 488,677 564,702 29,116 535,586 635,593 35,220 600,373 575,609 34,829 540,780 720,436 44,307 676,129 857,926 26 51,232 27 806,694 28 Life insurance reserves Pension fund reserves 88,631 103,655 92,398 109,294 96,635 122,849 101,051 138,606 105,876 154,774 110,570 164,299 115,535 186,292 120,324 29 207,827 30 31 Equity in noncorp. business 417,092 426,703 435,258 447,617 465,895 486,308 500,155 525,281 31 32 Security credit 1,192 1,226 1,222 1,669 2,533 2,730 4,943 7,039 32 —29 30 OCTOBER 1985 Households 21 YEAR-END OUTSTANDINGS 702 CONTINUED Households Sector Balance Sheets with Tangible Assets at Current Cost YEAR-END OUTSTANDINGS 1961 1962 1963 1964 1965 1966 1967 13,826 14,301 14,830 15,710 16,983 18,199 19,848 21,645 33 2173,865 2185,641 2346,905 2514,201 2708,041 2788,257 3087,134 3439,210 34 35 Total liabilities 246,431 268,639 297,844 327,586 358,865 383,126 408,770 445,403 35 36 37 38 39 40 41 234,929 149,567 9,301 256,975 163,693 10,288 283,837 179,922 11,257 313,359 197,379 12,258 343,433 214,367 13,396 367,285 228,519 14,562 388,451 240,886 15,626 33 Miscellaneous assets 34 Total assets Credit market instruments Home mortgages Other mortgages Tax-exempt securities Installment cons, credit Other consumer credit 42 43 44 45 46 Bank loans n.e.c. Other loans Security credit Trade credit Deferred and unpaid life insurance premiums 47 Net worth 1968 46,027 21,608 50,994 22,923 57,829 24,976 65,572 27,019 73,881 29,326 79,339 30,410 83,148 32,282 421,341 36 257,712 37 16,701 38 39 91,681 40 35,268 41 1,449 6,977 1,333 7,744 1,446 8,407 1,976 9,155 2,493 9,970 2,514 11,941 3,247 13,262 4,664 42 15,315 43 6,736 2,254 6,610 2,387 8,567 2,587 8,362 2,826 9,098 3,031 9,025 3,157 12,709 3,663 15,627 44 4,133 45 2,512 2,667 2,853 3,039 3,303 3,659 3,947 4,302 46 1927,434 1917,002 2049,061 2186,615 2349,176 2405,131 2678,364 2993,807 47 397,429 414,352 424,609 454,107 477,605 516,042 544,361 609,712 48 37.633 39.505 42.373 43.465 44.883 44,283 44*251 42.267 49 53,743 56,057 58,329 61,919 66,211 72,420 77,345 80,964 50 — — - Memo s 48 Total owner-occ. real estate Home mortgages as per cent of 49 owner-occ. real estate 50 Inventories of nondurable goods, not included in totals above DATA ARE IN MILLIONS OF DOLLARS. ill Ill OCTOBER 1985 Households 702 Households Sector Balance Sheets with Tangible Assets at Current Cost 22 YEAR-END OUTSTANDINGS YEAR-END OUTSTANDINGS 1969 1970 1971 1972 1973 1974 1975 1976 Households, Personal Trusts, and Nonprofit Organizations 1 Tangible assets 2 3 4 5 6 7 8 9 10 1099,114 1183,498 1286,554 1429,632 1637,077 1868,764 2016,754 2245,434 1 Reproducible assets Residential structures Owner-occupied housing Nonprofit institutions Nonprofit plant & equip. Consumer durables 920,886 520,542 508,505 12,037 60,268 340,076 992,900 557,450 545,016 12,434 67,143 368,307 1078,539 615,535 602,553 12,982 72,972 390,032 1195,740 694,182 680,490 13,692 80,282 421,276 1366,188 809,067 794,051 15,016 91,757 465,364 1561,621 914,395 898,312 16,083 111,792 535,434 1687,607 990,551 973,777 16,774 112,036 585,020 1874,841 1122,027 1104,022 18,005 116,314 636,500 2 3 4 5 Land Owner-occupied Nonprofit institutions 178,228 156,762 21,466 190,598 168,018 22,580 208,015 185,755 22,260 233,892 209,781 24,111 270,889 244,790 26,099 307,143 276,932 30,211 329,147 300,196 28,951 370,593 8 340,348 9 30,245 10 2407,759 2489,089 2739,271 3023,558 3053,221 3047,449 3488,539 3939,667 11 1294,836 170,436 719,582 3,696 46,418 1438,916 186,153 835,792 3,686 36,383 12 13 14 15 16 11 Total financial assets 6 7 12 13 14 15 16 Deposits & cr. mkt. instr. Checkable deposits & curr. Small time & savings dep. Money market fund shares Large time deposits 741,230 109,368 378,730 796,533 118,185 408,894 871,678 130,378 476,325 967,085 142,522 545,314 1077,916 156,396 585,349 3,973 17,422 17,687 22,787 45,388 1178,227 163,576 622,613 2,379 59,211 17 18 19 20 21 Credit market instruments U.S. Govt, securities Savings bonds Other Treasury issues Agency issues 249,159 110,378 51,770 44,091 14,517 252,032 105,791 52,089 32,782 20,920 247,288 93,480 54,416 22,078 16,986 256,462 91,853 57,667 21,263 12,923 290,783 108,654 60,354 34,859 13,441 330,448 127,184 63,338 47,997 15,849 354,704 138,708 67,363 58,865 12,480 376,902 145,457 72,018 57,822 15,617 17 18 19 20 21 22 23 24 25 State & local obi. Corporate & fgn. bonds Open-market paper Mortgages 46,871 25,494 15,447 50,969 46,019 36,164 11,682 52,376 46,116 46,529 7,860 53,303 48,373 51,235 5,532 59,469 53,658 51,534 13,826 63,111 61,860 54,584 16,859 69,961 68,061 60,865 10,873 76,197 70,070 71,632 6,101 83,642 22 23 24 25 26 27 28 Corporate equities Mutual fund shares Other corporate equities 746,148 47,587 698,561 728,614 46,811 681,803 832,806 55,446 777,360 908,704 58,926 849,778 705,738 46,635 659,103 498,492 35,151 463,341 646,903 43,034 603,869 766,024 26 46,495 27 719,529 28 29 30 Life insurance reserves Pension fund reserves 125,362 218,340 130,703 239,185 137,055 275,595 143,930 326,372 151,278 322,847 158,399 325,202 166,483 405,640 175,268 29 467,203 30 31 Equity in noncorp. business 547,695 563,353 588,600 641,126 756,452 846,436 929,657 1039,962 31 32 Security credit 5,221 4,354 4,886 5,022 4,866 3,891 4,468 6,290 32 OCTOBER 1985 Households 702 CONTINUED Households Sector Balance Sheets with Tangible Assets at Current Cost 23 YEAR-END OUTSTANDINGS YEAR-END OUTSTANDINGS 1969 1970 1971 1972 1973 1974 1975 23,763 26,347 28,651 31,319 34,124 36,802 40,552 46,004 33 3506,873 3672,587 4025,825 4453,190 4690,298 4916,213 5505,293 6185,101 34 35 Total liabilities 477,508 501,851 550,743 621,115 697,742 752,225 807,995 907,351 35 36 37 38 39 40 41 455,885 276,297 17,884 480,964 290,446 19,042 526,220 316,688 20,251 590,966 358,047 21,547 725,494 442,332 23,736 1,300 164,594 48,997 778,782 482,914 24,775 2,700 172,263 50,912 871,249 544,282 25,623 4,700 193,774 54,849 33 Miscellaneous assets 34 Total assets Credit market instruments Home mortgages Other mortgages Tax-exempt securities Installment cons, credit Other consumer credit 42 43 44 45 46 Bank loans n.e.c. Other loans Security credit Trade credit deferred and unpaid life insurance premiums 47 Net worth 1976 101,161 36,581 105,528 37,585 118,255 39,540 133,173 44,466 670,920 404,518 22,640 400 155,108 48,553 5,663 18,299 7,463 20,900 9,213 22,273 10,125 23,608 13,527 26,174 15,151 29,384 13,674 31,544 14,635 42 33,386 43 12,225 4,710 10,445 5,324 13,109 5,978 17,537 6,636 13,193 7,253 11,387 8,258 12,113 9,356 17,201 44 10,526 45 4,688 5,118 5,436 5,976 6,376 7,086 7,744 8,375 46 3029,365 3170,736 3475,082 3832,075 3992,556 4163,988 4697,298 5277,750 47 665,267 713,034 788,308 890,271 1038,841 1175,244 1273,973 1444,370 48 41,531 40,733 40.173 40,217 38,939 37.637 37,906 37,682 49 90,733 94,481 98,811 106,698 119,078 132,105 137,677 148,162 50 - - — — 36 37 38 39 40 41 Memo t 48 Tot*I owner-occ. real estate Horn: mortgages as per cent of 49 owner-occ. real astate 50 Inventories of nondurable goods, not included in totals above DATA ARE IN MILLIONS OF DOLLARS. OCTOBER 1985 Households 24 702 Households Sector Balance Sheets with Tangible Ass ts at Current Cost YE/VR-END OUTSTANDINGS YEAR-END OUTSTANDINGS 1977 1978 1979 1980 1981 1983 1982 1984 Households, Personal Trusts, and Nonprofit Organizations 1 Tangible assets 2618,306 3140,908 3580,539 4029,237 4456,719 4582,845 4798,546 5031,854 1 2 3 4 5 6 7 2138,287 1306,322 1286,657 19,665 129,697 702,268 2505,891 1568,223 1545,989 22,234 146,648 791,020 2800,877 1752,480 1729,014 23,466 165,685 882,712 3092,232 1928,792 1904,181 24,611 183,053 980,387 3351,117 2104,127 2078,383 25,744 191,448 1055,542 3429,448 2133,421 2108,215 25,206 201,018 1095,009 3617,191 2245,713 2220,329 25,384 207,795 1163,683 3843,653 2390,952 2365,137 25,815 217,240 1235,461 2 3 4 5 6 7 480,019 446,135 33,884 635,017 595,530 39,487 779,662 732,531 47,131 937,005 879,998 57,007 1105,602 1040,439 65,163 1153,397 1085,731 67,666 1181,355 1112,385 68,970 1188,201 8 1117,551 9 70,650 10 11 Total financial assets 4269,137 4786,113 5513,696 6436,473 6923,593 7538,217 8267,558 8816,364 11 12 13 14 15 16 1596,228 205,239 930,932 3,887 49,460 1750,206 228,267 996,938 10,808 85,533 1952,149 249,415 1056,944 45,214 98,785 2151,946 264,019 1140,181 74,448 142,006 2409,344 295,682 1187,120 181,910 161,733 2613,429 312,562 1323,808 206,607 137,012 2886,065 355,821 1537,982 162,549 121,671 3294,858 384,823 1689,810 209,732 186,663 12 13 14 15 16 406,710 163,416 76,762 65,492 21,162 428,660 188,859 80,691 80,873 27,295 501,791 231,563 79,876 106,483 45,204 531,292 248,375 72,528 123,792 52,055 582,899 279,375 68,190 152,412 58,773 633,440 286,521 68,346 165,764 52,411 708,042 328,671 71,485 202,022 55,164 823,830 405,319 74,515 252,528 78,276 17 18 19 20 21 212,542 45,955 -352 160,366 22 23 24 25 8 9 10 17 18 19 20 21 Reproducible assets Residential structures Owner-occupied housing Nonprofit institutions Nonprofit plant & equip. Consumer durables Land Owner-occupied Nonprofit institutions Deposits & cr. mkt. instr. Checkable deposits & curr, Small time & savings dep. Money market fund shares Large time deposits Credit market instruments U.S. Govt, securities Savings bonds Other Treasury issues Agency issues 22 23 24 25 State & local obi. Corporate & fgn. bonds Open-market paper Mortgages 70,148 71,426 10,033 91,687 72,738 65,155 18,136 83,772 83,234 64,033 24,748 98,213 89,879 53,002 23,843 116,193 101,444 49,282 16,538 136,260 129,622 53,476 14,211 149,610 171,915 47,909 10,083 149,464 26 27 28 Corporate equities Mutual fund shares Other corporate equities 723,422 45,354 678,068 740,959 45,783 695,176 892,255 51,160 841,095 1188,395 63,455 1124,940 1134,601 63,833 1070,768 1275,364 89,451 1185,913 1455,380 129,291 1326,089 1491,310 26 161,158 27 1330,152 28 29 30 Life insurance reserves Pension fund reserves 184,802 513,753 195,992 592,576 206,692 699,619 216,427 859,006 225,627 941,380 232,799 1121,503 240,792 1316,404 245,994 29 1436,642 30 31 Equity in noncorp. business 1192,676 1439,052 1686,635 1933,492 2121,430 2193,426 2256,804 2229,679 31 32 Security credit 5,313 7,784 9,613 14,833 12,705 16,400 18,782 18,143 32 OCTOBER 1985 Households 25 YEAR-END OUTSTANDINGS 702 CONTINUED Households Sector Balance Sheets with Tangible Assets at Current Cost YEAR-END OUTSTANDINGS 1977 1978 1979 52,943 59,544 66,733 34 Total assets 6887,443 7927,021 35 Total liabilities 1051,672 36 37 38 39 40 41 33 Miscellaneous assets Credit market instruments Home mortgages Other mortgages Tax-exempt securities Installment cons, credit Other consumer credit 42 43 44 45 46 Bank loans n.e.c. Other loans Security credit Trade credit Deferred and unpaid life insurance premiums 47 Net worth 1980 1981 1982 1983 1984 72,374 78,506 85,296 93,331 99,738 33 9094,235 10465,710 11380,312 12121,062 13066,104 13848,218 34 1205,182 1385,326 1503,763 1630,413 1721,359 1922,548 2169,454 35 1012,210 635,095 26,730 8,100 230,564 58,569 1161,934 725,849 28,056 10,700 273,645 64,271 1338,026 844,770 29,559 13,600 312,024 71,338 1446,447 940,164 31,486 16,700 301,380 74,767 1570,350 1019,270 33,781 21,100 318,230 80,663 1654,343 1060,868 36,428 29,600 334,959 85,871 1844,766 1170,953 38,917 41,000 383,701 96,910 2093,986 1308,547 41,368 50,971 460,500 116,598 17,436 35,716 19,889 39,524 20,817 45,918 27,216 54,734 31,516 65,790 33,375 73,242 36,746 76,539 36,455 42 79,547 43 18,494 11,684 19,698 13,201 20,732 14,876 27,219 17,158 25,518 19,823 29,281 22,220 37,699 23,984 34,595 44 25,765 45 9,284 10,349 11,692 12,939 14,722 15,515 16,099 15,108 46 5835,771 6721,839 7708,909 8961,947 9749,899 10399,703 11143,556 11678,764 47 1732,792 2141,519 2461,545 2784,179 3118,822 3193,946 3332,714 3482,688 48 36,651 33,894 34.318 33,768 32,681 33,214 35*135 37,572 49 159,619 178,370 192,903 210,276 226,865 236,412 251,715 275,529 50 36 37 38 39 40 41 Memo; 48 Total owner-occ. real estate Home mortgages as per cent of 49 owner-occ. real estate Inventories of nondurable goods, 50 not included in totals above DATA ARE IN MILLIONS OF DOLLARS. ill OCTOBER 1985 Farm Business 26 YEAR-END OUTSTANDINGS 703 Farm Business ith Tangibl e Assets at Current Cost 1947 1948 1949 1950 1951 1952 Farm Business 1 Tangible assets 106,146 108,958 107,649 126,111 138,764 2 3 4 5 Reproducible assets Residential structures Nonres. plant & equipment Inventories 137,713 1 53,343 15,164 12,357 25,822 55,124 16,407 15,305 23,412 52,928 16,199 17,208 19,521 61,880 17,738 19,976 24,166 6 Land 67,517 18,660 22,321 26,536 65,682 18,892 23,718 23,072 2 3 4 5 52,803 53,834 54,721 64,231 71,247 72,031 6 8,369 8,459 8,035 8,068 8,327 8,314 7 7,500 869 753 116 7,500 959 844 115 7,000 1,035 918 117 7,000 1,068 949 119 7,200 1,127 1,005 122 7,100 8 1,214 9 1,088 10 126 11 114,515 117,417 115,684 134,179 147,091 146,027 12 13 Total liabilities 8,297 9,294 9,880 11,221 14 15 16 17 18 19 Credit market instruments Mortgages Bank loans n.e.c. Other loans U.S. Government Fed. Inter. Credit Banks 12,944 13,879 13 7,424 5,064 1,593 767 283 484 8,082 5,288 1,946 848 243 605 8,474 5,579 2,049 846 228 618 9,532 6,071 2,524 937 244 693 20 Trade debt 10,819 6,651 3,120 1,048 199 849 11,609 7,236 3,293 1,080 213 867 873 1,212 1,406 1,689 2,125 2,270 20 106,218 7,435 98,783 108,123 7,569 100,554 105,804 7,406 98,398 122,958 8,607 114,351 134,147 9,390 124,757 132,148 21 9,250 22 122,898 23 7 Total financial assets 8 9 10 11 Demand deposits & currency Miscellaneous assets Insurance receivables Equity in spons. agencies 12 Total assets 21 Net worth 22 Corporate farms 23 Noncorporate farms DATA ARE IN MILLIONS OF DOLLARS. 14 15 16 17 18 19 OCTOBER 1985 Farm Business 2? YEAR-END OUTSTANDINGS 703 Farm Business Sector Balance Sheets with Tangible Assets at Current Cost YEAR-END OUTSTANDINGS 1953 1954 1955 1956 1957 1958 1959 1960 Farm Business 1 Tangible assets 135,331 137,891 140,801 149,869 158,983 172,868 178,845 181,389 1 2 3 4 5 Reproducible assets Residential structures Nonres. plant & equipment Inventories 64,917 18,858 24,434 21,625 64,353 19,013 24,802 20,538 62,985 19,251 26,163 17,571 65,023 19,420 27,292 18,311 67,979 19,181 27,857 20,941 72,516 18,964 28,611 24,941 72,592 18,803 29,439 24,350 73,776 18,565 29,621 25,590 2 3 4 5 6 Land 70,414 73,538 77,816 84,846 91,004 100,352 106,253 107,613 6 8,291 8,264 8,372 8,251 8,218 8,584 7,982 7,646 7 7,000 1,291 1,159 132 6,900 1,364 1,227 137 6,900 1,472 1,324 148 6,700 1,551 1,390 161 6,600 1,618 1,446 172 6,900 1,684 1,502 182 6,200 1,782 1,584 198 5,800 8 1,846 9 1,635 10 211 11 143,622 146,155 149,173 158,120 167,201 181,452 186,827 189,035 12 13 Total liabilities 13,562 14,435 16,058 16,982 18,274 20,078 22,433 23,623 13 14 15 16 17 18 19 Credit market instruments Mortgages Bank loans n.e.c. Other loans U.S. Government Fed. Inter. Credit Banks 11,509 7,737 2,712 1,060 445 615 12,281 8,246 2,862 1,173 508 665 13,723 9,022 3,434 1,267 574 693 14,581 9,835 3,375 1,371 624 747 15,638 10,397 3,759 1,482 550 932 17,002 11,109 4,172 1,721 565 1,156 18,934 12,101 4,866 1,967 577 1,390 19,965 12,838 5,062 2,065 564 1,501 20 Trade debt 2,053 2,154 2,335 2,401 2,636 3,076 3,499 3,658 20 130,060 9,104 120,956 131,720 9,220 122,500 133,115 9,318 123,797 141,138 9,880 131,258 148,927 10,425 138,502 161,374 11,296 150,078 164,394 11,508 152,886 165,412 21 11,579 22 153,833 23 7 Total financial assets 8 9 10 11 Demand deposits & currency Miscellaneous assets Insurance receivables Equity in spons. agencies 12 Total assets 21 Net worth 22 Corporate farms 23 Noncorporate farms —DATA ARE IN MILLIONS OF DOLLARS. 14 15 16 17 18 19 OCTOBER 1985 Farm Business 28 YEAR-END OUTSTANDINGS 703 Farm Business Sector Balance Sheets with Tangible Assets at Current Cost YEAR-END OUTSTANDINGS 1961 1962 1963 1964 1965 1966 1967 1968 Farm Business 1 Tangible assets 187,759 195,155 204,436 212,945 229,571 240,975 253,301 265,312 1 74,418 18,423 30,160 25,835 76,592 18,279 31,005 27,308 77,662 17,793 32,225 27,644 78,135 18,111 33,561 26,463 83,946 18,109 35,927 29,910 87,339 18,805 38,943 29,591 90,706 19,115 42,065 29,526 96,017 20,435 44,984 30,598 2 3 4 5 113,341 118,563 126,774 134,810 145,625 153,636 162,595 169,295 6 7,731 7,865 7,825 8,217 8,497 8,704 9,067 9,646 7 5,800 1,931 1,704 227 5,900 1,965 1,724 241 5,700 2,125 1,869 256 5,900 2,317 2,038 279 6,000 2,497 2,178 319 6,000 2,704 2,339 365 6,100 2,967 2,553 414 6,300 8 3,346 9 2,830 10 516 11 195,490 203,020 212,261 221,162 238,068 249,679 262,368 274,958 12 13 Total liabilities 25,322 27,626 31,038 33,827 37,674 41,274 44,377 46,170 13 14 15 16 17 18 19 Credit market instruments Mortgages Bank loans n.e.c. Other loans U.S. Government Fed. Inter. Credit Banks 21,558 13,917 5,305 2,336 686 1,650 23,856 15,193 6,087 2,576 736 1,840 26,406 16,822 6,688 2,896 797 2,099 29,009 18,942 6,959 3,108 861 2,247 32,311 21,187 7,667 3,457 941 2,516 35,504 23,052 8,600 3,852 929 2,923 38,815 25,017 9,300 4,498 1,087 3,411 41,583 27,177 9,718 4,688 1,034 3,654 20 Trade debt 3,764 3,770 4,632 4,818 5,363 5,770 5,562 4,587 20 170,168 11,912 158,256 175,394 12,278 163,116 181,223 12,686 168,537 187,335 13,113 174,222 200,394 14,028 186,366 208,405 14,588 193,817 217,991 15,259 202,732 228,788 21 16,015 22 212,773 23 2 3 4 5 Reproducible assets Residential structures Nonres. plant & equipment Inventories 6 Land 7 Tital financial assets 8 9 10 11 Demand deposits & currency Miscellaneous assets Insurance receivables Equity in spons. agencies 12 Total assets 21 Net worth 22 Corporate farms 23 Noncorporate farms •'DATA ARE IN MILLIONS OF DOLLARS. 14 15 16 17 18 19 703 Farm Business OCTOBER 1985 Farm Business 29 YEAR-END OUTSTANDINGS Sector Balance Sheets with Tangible Assets at Current Cost YEAR-END OUTSTANDINGS 1969 1970 1971 1972 1973 1974 1975 1976 Farm Business 1 Tangible assets 283,633 305,793 345,240 430,314 467,353 534,352 615,504 1 2 3 4 5 Reproducible assets Residential structures Nonres. plant 8 equipment Inventories 104,272 21,424 49,556 33,292 107,289 21,995 52,977 32,317 116,055 23,101 56,284 36,670 131,555 24,605 61,314 45,636 163,181 27,124 69,471 66,586 179,573 30,026 87,175 62,372 191,199 31,628 95,105 64,466 200,162 34,528 105,048 60,586 2 3 4 5 6 Land 172,041 176,344 189,738 213,685 267,133 287,780 343,153 415,342 6 10,182 10,786 11,477 12,413 13,256 13,850 14,847 16,273 7 6,400 3,782 3,211 571 6,515 4,271 3,649 622 6,638 4,839 4,147 692 6,900 5,513 4,731 782 7,100 6,156 5,214 942 6,940 6,910 5,762 1,148 7,010 7,837 6,453 1,384 6,947 8 9,326 9 7,718 10 1,608 11 286,495 294,419 317,270 357,653 443,570 481,203 549,199 631,777 12 48,827 50,764 55,381 61,744 71,514 79,565 88,499 99,498 13 44,617 28,995 10,328 5,294 1,019 4,275 46,922 29,826 11,155 5,941 967 4,974 51,390 32,207 12,500 6,683 1,014 5,669 57,210 35,758 14,306 7,146 1,050 6,096 66,857 41,253 17,165 8,439 1,241 7,198 74,685 46,288 18,236 10,161 1,313 8,848 83,160 50,877 20,199 12,084 2,089 9,995 93,357 56,589 23,230 13,538 2,226 11,312 4,210 3,842 3,991 4,534 4,657 4,880 5,339 6,141 20 237,668 16,637 221,031 243,655 17,056 226,599 261,889 18,332 243,557 295,909 20,714 275,195 372,056 26,044 346,012 401,638 28,115 373,523 460,700 32,249 428,451 532,279 21 37,260 22 495,019 23 7 Total financial assets 8 9 10 11 Demand deposits & currency Miscellaneous assets Insurance receivables Equity in spons. agencies 12 Total assets 13 Total liabilities 14 15 16 17 18 19 Credit market instruments Mortgages Bank loans n.e.c. Other loans U.S. Government Fed Inter. Credit Banks 20 Trade debt 21 Net worth Corporate farms 22 Noncorporate farms 23 DATA ARE IN MILLIONS OF DOLLARS. ill 276,313 14 15 16 17 18 19 OCTOBER 1985 Farm Business 30 YEAR-END OUTSTANDINGS 703 Farm Business Sector Balance Sheets with Tangible Assets at Current Cost YEAR-END OUTSTANDINGS 1977 1978 1979 1980 1981 1982 1983 1984 Farm Business 1 Tangible assets 680,293 805,323 933,705 1028,900 1033,917 992,924 982,381 2 3 4 5 Reproducible assets Residential structures Nonres. plant & equipment Inventories 880,523 1 218,267 38,783 119,622 59,862 258,950 44,981 140,037 73,932 290,621 48,643 160,086 81,892 317,481 52,126 179,016 86,339 329,169 54,892 190,550 83,727 328,849 54,360 194,299 80,190 6 Land 330,265 54,591 195,041 80,633 334,681 55,377 195,028 84,276 2 3 4 5 462,026 546,373 643,084 711,419 704,748 664,075 652,116 545,842 6 18,087 20,154 22,226 24,199 26,053 27,859 29,501 31,395 7 7,035 11,052 9,197 1,855 7,137 13,017 10,891 2,126 7,284 14,942 12,406 2,536 7,390 16,809 13,714 3,095 7,504 18,549 14,821 3,728 7,634 20,225 16,110 4,115 12 Total assets 7,780 21,721 17,504 4,217 7,942 8 23,453 9 19,174 10 4,279 11 698,380 825,477 955,931 1053,099 1059,970 1020,783 1011,882 911,918 12 13 Total liabilities 112,655 129,067 151,603 166,948 184,488 191,815 197,059 14 15 16 17 18 19 Credit market instruments Mortgages Bank loans n.e.c. Other loans U.S. Govei nmen+ Fed. Inter. Credit Banks 201,321 13 105,632 63,642 25,729 16,261 3,502 12,759 120,428 70,991 28,211 21,226 7,009 14,217 141,802 82,834 31,033 27,935 10,391 17,544 156,120 92,130 31,566 32,424 13,026 19,398 172,542 101,980 32,920 37,642 16,420 21,222 180,432 107,250 36,135 37,047 16,657 20,390 20 Trade debt 184,918 110,250 38,927 35,741 16,700 19,041 187,847 112,322 39,907 35,618 17,800 17,818 7,023 8,639 9,801 10,828 11,946 11,383 12,141 13,474 20 585,725 41,001 544,724 696,410 48,749 647,661 804,328 56,303 748,025 886,151 62,031 824,120 875,482 61,284 814,198 828,968 58,028 770,940 814,823 57,038 757,785 710,597 21 49,742 22 660,855 23 7 Total financial assets 8 9 10 11 Demand deposits & currency Miscellaneous assets Insurance receivables Equity in spons. agencies 21 Net worth 22 Corporate farms 23 Noncorporate farms "DATA ARE IN MILLIONS OF DOLLARS. 14 15 16 17 18 19 # # # # # # # # # # # III OCTOBER 1985 Nonfarr. Noncorporate Business 31 YEAR-END OUTSTANDINGS 704 Nonfarm Noncorporate Business Sector Balance Sheets with Tangible Assets at Current Cost YEAR-END OUTSTANDINGS 1945 1946 1947 1948 1949 1950 1951 1952 Nonfarm Noncorporate Business 1 Tangible assets 107,858 121,625 138,974 149,330 148,813 163,687 173,992 179,206 1 2 3 4 5 Reproducible assets Residential structures Nonres. plant & equipment Inventories 68,103 49,372 11,876 6,855 80,041 55,522 15,707 8,812 94,355 64,147 20,080 10,128 102,971 68,150 23,095 11,726 100,976 66,191 24,016 10,769 112,212 71,911 27,159 13,142 119,953 75,807 30,229 13,917 122,173 76,846 31,701 13,626 2 3 4 5 6 Land 39,755 41,584 44,619 46,359 47,837 51,475 54,039 57,033 6 11,989 12,427 13,350 J 3,745 14,535 15,372 16,055 16,368 7 9,726 1,495 768 763 5 9,737 1,782 908 902 6 10,101 2,179 1,070 1,060 10 9,949 2,593 1,203 1,190 13 10,315 2,917 1,303 1,289 14 10,538 3,441 1,393 1,378 15 10,777 3,734 1,544 1,527 17 10,429 8 4,191 9 1,748 10 1,730 11 18 12 119,847 134,052 152,324 163,075 163,348 179,059 190,047 195,574 13 14 Total liabilities 4,114 6,553 8,147 9,615 10,228 12,148 13,337 14,026 14 15 16 17 18 19 6,118 3,828 291 2,841 696 8,414 4,486 659 3,016 811 9,629 5,070 872 3,275 923 10,439 5,810 1,093 3,713 1,004 10,973 6,361 1,031 4,297 1,033 12,979 7,511 1,428 5,034 1,049 14,234 8,167 1,364 5,705 1,098 15,320 8,857 1,587 6,128 1,142 282 2,008 904 3,024 1,263 3,296 1,028 3,601 804 3,808 1,234 4,234 1,472 4,595 1,691 20 4,772 21 -2,004 4,145 6,149 -1,861 5,510 7,371 -1,482 6,440 7,922 -824 7,447 8,271 -745 7,693 8,438 -831 9,137 9,968 -897 9,230 10,127 -1,294 22 10,053 23 11,347 24 115,733 127,499 144,177 153,460 153,120 166,911 176,710 181,548 25 7 Total financial assets 8 9 10 11 12 Demand deposits & currency Consumer credit Miscellaneous assets Insurance receivables Equity in spons. agencies 13 Total assets 20 21 22 23 24 Credit market instruments Mortgages Home mortgages Multi-family Commercial Bank loans n.e.c. Other loans Trade debt, net Trade debt -Trade credit "25 Net worth DATA ARE IN MILLIONS OF DOLLARS. 15 16 17 18 19 OCTOBER 1985 Nonfarm Noncorporate Business 32 704 Nonfarm Noncorporate Business Sector Balance Sheets with Tangible Assets at Current Cost YEAR-END OUTSTANDINGS YEAR-END OUTSTANDINGS 1953 1954 1955 1956 1957 1958 1959 1960 Nonfarm Noncorporate Business 1 Tangible assets 184,454 189,464 201,108 213,940 217,695 227,003 240,094 255,512 1 2 3 4 5 Reproducible assets Residential structures Nonrer. plant & equipment Inventories 124,350 76,942 33,294 14,114 126,644 78,122 34,520 14,002 133,483 80,432 38,192 14,859 140,667 82,071 42,986 15,610 144,370 82,348 45,944 16,078 147,046 82,852 47,611 16,583 150,606 84,265 49,766 16,575 153,553 85,457 51,747 16,349 2 3 4 5 6 Land 60,104 62,820 67,625 73,273 73,325 79,957 89,488 101,959 6 16,703 17,511 18,187 19,041 20,276 21,861 21,679 21,554 7 10,377 4,388 1,938 1,919 19 10,907 4,471 2,133 2,113 20 11,200 4,704 2,283 2,262 21 11,549 5,079 2,413 2,392 21 12,356 5,334 2,586 2,560 26 13,641 5,511 2,709 2,677 32 12,707 6,076 2,896 2,856 40 12,415 8 6,104 9 3,035 10 2,987 11 48 12 201,157 206,975 219,295 232,981 237,971 248,864 261,773 277,066 13 14 Total liabilities 14,891 17,370 20,563 21,462 23,078 24,141 26,799 28,623 14 15 16 17 18 19 15,855 9,207 1,547 6,451 1,209 16,667 9,923 1,872 6,726 1,325 18,410 10,628 2,016 7,142 1,470 19,525 10,865 1,788 7,432 1,645 20,469 11,146 1,671 7,660 1,815 21,892 12,276 1,823 8,422 2,031 24,283 13,534 1,938 9,335 2,261 25,949 14,437 1,697 10,245 2,495 1,755 4,893 1,799 4,945 2,362 5,420 2,956 5,704 3,025 6,298 3,183 6,433 3,591 7,158 3,853 20 7,659 21 -964 10,877 11,841 703 12,642 11,939 2,153 14,060 11,907 1,937 15,118 13,181 2,609 15,199 12,590 2,249 15,738 13,489 2,516 15,403 12,887 2,674 22 15,473 23 12,799 24 186,266 189,605 198,732 211,519 214,893 224,723 234,974 248,443 25 7 Total financial assets 8 9 10 11 12 Demand deposits & cu,rency Consumer credit Miscellaneous assets Insurance receivables Equity in spons. agencies 13 Total assets 20 21 22 23 24 C edit market instruments Mortgages Home mortgages Multi-family Commercial Bank loans n.e.c. Other loans Trade debt, net Trade debt -Trade credit 25 Net worth DATA ARE IN MILLIONS OF DOLLARS. 15 16 17 18 19 # # # • e e • OCTOBER 1985 Nonfarm Noncorporate Business 33 YEAR-END OUTSTANDINGS • e # 704 Nonfarm Noncorporate Business Sector Balance Sheets with Tangible Assets at Current Cost YEAR-END OUTSTANDINGS 1961 1962 1963 1964 1965 1966 1967 1968 Nonfarm Noncorporate Business 1 Tangible assets 266,753 273,957 279,550 290,981 302,981 320,132 331,267 354,812 1 2 3 4 5 Reproducible assets Residential structures Nonres. plant & equipment Inventories 156,293 87,007 53,862 15,424 161,287 89,530 56,146 15,611 165,059 91,080 58,976 15,003 173,900 96,288 62,659 14,953 183,548 99,818 67,937 15,793 197,370 106,058 74,983 16,329 £66,906 109,739 80,910 16,257 226,618 120,962 88,409 17,247 2 3 4 5 6 Land 110,460 112,670 114,491 117,081 119,433 122,762 124,361 128,194 6 22,010 22,608 23,333 24,043 24,954 25,716 26,404 27,437 7 12,515 6,294 3,201 3,144 57 12,515 6,764 3,329 3,260 69 12,515 7,273 3,545 3,463 82 12,515 7,729 3,799 3,704 95 12,515 8,356 4,083 3,975 108 12,515 8,759 4,442 4,325 117 12,515 9,045 4,844 4,716 128 12,515 8 9,596 9 5,326 10 5,187 11 139 12 288,763 296,565 302,883 315,024 327,935 345,848 357,671 382,249 13 14 Total liabilities 29,927 32,978 36,162 41,629 48,406 53,357 60,248 69,741 14 15 16 17 18 19 28,212 16,400 1,808 11,785 2,807 31,391 18,576 1,805 13,585 3,186 35,891 21,395 1,973 15,825 3,597 42,240 25,845 1,870 19,095 4,880 49,706 30,710 1,957 21,846 6,907 56,762 34,728 1,565 24,245 8,918 64,087 40,812 2,031 27,045 11,736 73,217 47,810 2,201 29,449 16,160 4,158 7,654 4,545 8,270 5,178 9,318 5,636 10,759 6,571 12,425 7,937 14,097 8,535 14,740 9,648 20 15,759 21 1,715 14,813 13,098 1,587 14,413 12,826 271 12,813 12,542 -611 12,195 12,806 -1,300 11,468 12,768 -3,405 9,866 13,271 -3,839 10,071 13,910 -3,476 22 9,276 23 12,752 24 258,836 263,587 266,721 273,395 279,529 292,491 297,423 312,508 25 7 Total financial assets 8 9 10 11 12 Demand deposits 8 currency Consumer credit Miscellaneous assets Insurance receivables Equity in spons. agencies 13 Total assets 20 21 22 23 24 Credit market instruments Mortgages Home mortgages Multi-family Commercial Bank loans n.e.c. Other loans Trade debt, net Trade debt -Trade credit *25 Net worth DATA ARE IN MILLIONS OF DOLLARS. ill 15 16 17 18 19 Ill OCTOBE: 1985 Nonfarm Noncorporate Business 34 704 Nonfarm Noncorporate Business with Tangible Assets at Current Cost YEAR-END OUTSTANDINGS YEAR-END OUTSTANDINGS 1971 1972 1973 1974 1975 1976 Nonfarm Noncorporate Business 1 Tangible assets 431,077 478,975 551,186 633,279 2 3 J 5 Reproducible assets Residential structures Nonres. plant 8 equipment Inventories 674,612 732,688 1 293,231 151,611 120,329 21,291 324,123 169,035 131,508 23,580 373,465 195,268 151,562 26,635 6 Land 431,087 216,411 186,014 28,662 450,477 230,456 193,442 26,579 484,634 254,193 203,609 26,832 2 3 4 5 137,846 154,852 177,721 202,192 224,135 248,054 6 29,788 31,305 33,669 35,429 37,528 40,864 7 12,515 9,797 7,476 7,296 180 12,515 10,320 8,470 8,278 192 12,515 11,699 9,455 9,243 212 15 Total assets 12,515 12,439 10,475 10,229 246 12,515 13,265 11,748 11,461 287 12,515 8 14,471 9 13,878 10 13,518 11 360 12 460,865 510,280 584,855 668,708 712,140 773,552 13 14 Total liabilities 115,822 144,349 174,415 195,795 15 16 17 18 19 210,934 228,609 14 119,568 88,038 2,965 46,660 38,413 148,039 114,261 3,548 56,560 54,153 177,729 139,776 3,122 64,461 72,193 197,835 159,097 2,800 69,961 86,336 211,900 173,156 3,531 70,061 99,564 227,329 187,934 4,779 72,790 110,365 12,022 19,508 13,267 20,511 14,408 23,545 13,436 25,302 11,416 27,328 7,811 20 31,584 21 -3,746 10,199 13,945 -3,690 11,350 15,040 -3,314 11,305 14,619 -2,040 12,709 14,749 -966 14,769 15,735 1,280 22 19,290 23 18,010 24 345,043 365,931 410,440 472,913 501,206 544,943 25 7 Total financial assets 8 9 10 11 12 Demand deposits & currency Consumer credit Miscellaneous assets Insurance receivables Equity in spons. agencies 20 21 Credit market instruments Mortgages Home mortgages Multi-family Commercial CI Bank loans n.e.c. Other loans 22 23 24 Trade debt, net Trade debt -Trade credit * 2 5 Net worth DATA ARE IN MILLIONS OF DOLLARS. 1 15 16 17 18 19 OCTOBER 1985. Nonfarm Noncorporate Business 35 YEAR-END OUTSTANDINGS 704 Nonfarm Noncorporate Business Sector Balance Sheets with Tangible Assets at Current Cost 1977 1978 1979 1980 1981 1982 1983 1984 Nonfarm Noncorporate Business 1 Tangible assets 861,596 1035,297 1213,206 1410,610 1635,645 1781,897 1918,216 2 3 4 5 Reproducible assets Residential structures Nonres. plant & equipment Inventories 2059,707 I 546,774 287,792 230,471 28,511 642,790 337,247 273,711 31,832 732,332 371,475 325,335 35,522 823,271 404,871 380,167 38,233 920,050 437,834 448,082 34,134 6 Land 972,402 441,276 496,185 34,941 1023,523 465,524 520,437 37,562 1088,311 498,992 549,969 39,350 2 3 4 5 314,822 392,507 480,874 587,339 715,595 809,495 894,693 971,396 6 44,425 48,832 53,623 56,659 61,524 65,348 71,452 80,390 7 12,515 15,474 16,436 16,032 404 12,515 16,869 19,448 18,917 531 12,515 18,660 22,448 21,805 643 12,515 19,110 25,034 24,279 755 12,515 21,839 27,170 26,334 836 13 Total assets 12,515 23,606 29,227 28,362 865 12,515 27,395 31,542 30,701 841 906,021 12,515 8 33,384 9 34,491 10 33,630 11 861 12 1084,129 1266,829 1467,269 1697,169 1847,245 1989,668 2140,097 13 14 Total liabilities 258,069 292,738 328,219 357,897 389,937 424,759 15 16 17 18 19 490,649 571,273 14 255,604 212,037 6,377 77,871 127,789 287,185 239,363 6,736 84,818 147,809 322,568 268,087 6,126 90,726 171,235 353,108 288,402 5,346 94,328 188,728 386,225 307,172 3,978 93,446 209,748 423,404 333,461 4,407 97,661 231,393 488,612 390,653 7,177 106,264 277,212 8,731 34,836 565,922 460,887 7,491 119,841 333,555 8,987 38,835 9,499 44,982 12,915 51,791 18,968 60,085 26,284 63,659 27,943 70,016 2,465 30,150 20 74,885 21 22,210 19,745 5,553 24,766 19,213 5,651 29,152 23,501 4,789 30,962 26,173 3,712 29,645 25,933 1,355 26,446 25,091 2,037 25,583 23,546 5,351 22 25,108 23 19,757 24 647,952 791,391 938,610 1109,372 1307,232 1422,486 1499,019 1568,824 25 7 Total financial assets 8 9 10 11 12 20 21 22 23 24 Demand deposits 8 currency Consumer credit Miscellaneous assets Insurance receivables Equity in spons. agencies Credit market instruments Mortgages Home mortgages Multi-family Commercial Bank loans n.e.c. Other loans Trade debt, net Trade debt -Trade credit 25 Net worth DATA ARE IN MILLIONS OF DOLLARS. 15 16 17 18 19 OCTOBER 1985 Nonfinancial Corporate Business 705 Nonfinancial Corporate Business Sector Balance Sheets with Tangible Assets at Current Cost YEAR-END OUTSTANDINGS 1945 : 1946 1947 1948 1949 1950 1951 1952 Nonfinancial Corporate Business 1 Tangible assets (current cost) 123,351 156,772 190,119 214,533 2187659 247^506 277™U6 Z91~llV~l I I I S 1 1 ! 3 3 1 1 1 H W f e a - I I I 1 1 I 6 22,810 26,436 30,735 33,764 35,809 39,321 43,273 46,582 6 7 Total financial assets 69,006 67,420 76,167 81,670 85,601 102,421 110,491 115,957 7 ":?p " i i ; i ":5p I S : "-ill u i!S "-in " i H i! j! 15 l § S r ' ™ p n H p r K s s i t i S r Open-market paper - : E i i s 32 , 2 129 180 ip 265 » i p " i E 17 " • $ • £ 143 90 il 195 15 llifc 1 1 1 11 II i II i| 22 0ther 23 Total assets 24 Total liabilities 23 17 92 141 197 348 382 22 192,357 224,192 266,286 296,203 304,260 349,927 387,607 407,796 23 71,288 80,760 93,864 102,653 101,864 124,884 139,061 144,897 24 «'»« ">•<" n.5« 79,436 .6.SOO 25 16,39J 14,581 18,375 22,117 22,984 32 7 II i& 32 94 Bank loans n.e.c. U! «' ! 7 7 ''•«* »- » 12,822 15,867 i i a i i i ii :ii 9,407 # # * # # # # # # # 705 CONTINUED Nonfinancial Corporate Business OCTOBER 1985 Nonfinancial Corporate Business Sector Balance Sheets with Tangible Assets at Current Cost 37 YEAR-END OUTSTANDINGS YEAR-END OUTSTANDINGS 33 34 35 36 37 38 39 # Commercial paper Acceptances Finance company loans U.S. Government loans Profit taxes payable Trade debt Foreign direct inv. in U.S. 40 Net worth 41 Debt-net worth ratio (25/40) 1945 1946 1947 1948 1949 1950 1951 1952 95 67 1,338 647 137 95 1,280 493 172 93 1,156 525 166 95 1,198 511 162 107 1,064 638 207 137 1,138 616 269 156 1,352 634 331 167 1,834 655 10,828 14,236 2,507 8,807 19,991 2,503 11,264 23,283 2,603 12,118 24,904 2,787 9,738 24,562 2,941 17,252 32,899 3,391 21,922 33,845 3,658 18,672 37 35,480 38 3,945 39 121,069 36,109 143,432 34,482 172,422 32*892 193,550 32.469 202,396 31.928 225,043 31.701 248,546 32.040 262,899 40 33.016 41 87,770 49.808 83,210 59.438 84,922 66+783 83,862 74,937 92,205 70.086 116,647 61.160 138,250 57,602 149,941 42 57.889 43 5,539 6,654 7,435 7,569 7,406 8,607 9,390 9,250 44 72.495 58.013 49.252 43.328 45.556 51,833 55*623 57.033 45 33 34 35 36 Memo * 42 43 Market value of equities, including corp. farm equities Debt-equity ratio (25/42) Net worth of corporate farms. from farm sector table Ratio of market value To net worth (%) (42/40) 45 44 Tangibles and net worth on historical cost basisi 46 Tangible assets 88,107 107,327 126,683 143,181 148,690 168,228 190,125 201,964 46 47 48 49 50 Reproducible assets Residential structures Nonres. plant & equipment Inventories 80,324 1,374 52,633 26,317 99,054 1,392 60,116 37,546 118,108 1,448 71,975 44,685 134,362 1,555 83,917 48,890 139,677 1,680 92,684 45,313 158,921 1,835 101,985 55,101 180,497 1,917 113,728 64,852 192,597 1,987 124,508 66,102 51 Land 7,783 8,273 8,575 8,819 9,013 9,307 9,628 9,367 51 157,113 174,747 202,850 224,851 234,291 270,649 300,616 317,921 52 85,825 50.937 93,987 52.623 108,986 52*037 122,198 51*428 132,427 48.798 145,765 48,943 161,555 49,293 173,024 53 50.166 54 52 Total assets 53 Net worth "54 Debt-nec worth ratio (25/53) DATA ARE IN MILLIONS OF DOLLARS. Ill 47 48 49 50 Ill OCTOBER *985 Nonfinancial Corporate Business 705 Nonfinancial Corporate Business Sector Balance Sheets with Tangible Assets at Current Cost 38 YEAR-END OUTSTANDINGS YEAR-END OUTSTANDINGS 1953 1954 1955 1956 1957 1958 1959 1960 Nonfinancial Corporate Business 1 Tangible assets (current cost) 306,885 315,619 345,337 384,257 418,895 442,245 474,411 501,131 1 2 3 4 5 Reproducible assets Residential structures Nonres. plant & equipment Inventories 257,154 4,058 181,729 71,367 262,717 4,115 188,711 69,891 287,216 4,219 205,622 77,375 319,515 4,295 229,807 85,413 337,488 4,355 245,959 87,174 343,596 4,443 254,043 85,110 358,191 4,634 262,508 91,049 367,776 4,868 268,881 94,027 2 3 4 5 6 Land 49,731 52,902 58,121 '4,742 81,407 98,649 116,220 133,355 6 119,052 124,627 142,089 147,210 151,876 181,736 7 7 Total financial assets 163,502 178,716 8 9 10 11 12 13 14 15 Liquid assets Demand deposits & currency Time deposits Security RP's Foreign deposits U.S. Government securities State & local obligations Open-market paper 48,013 26,550 900 48,373 28,329 1,100 53,428 29,282 1,000 48,893 28,990 1,000 48,458 29,024 1,000 50,992 30,083 1,900 56,185 29,196 1,500 114 19,240 1,005 204 158 17,523 972 291 129 21,581 1,219 217 138 17,118 1,342 305 131 16,389 1,479 435 149 16,692 1,958 210 132 22,821 1,794 742 51,429 8 28,243 9 3,000 10 11 148 12 16,868 13 2,382 14 788 15 16 17 18 19 20 21 22 Consumer credit Trade credit Miscellaneous assets Foreign direct investment Insurance receivables Equity in spons. agencies Other 7,841 44,489 18,709 16,253 1,786 8,211 47,849 20,194 17,631 1,866 67 0 697 8,938 57,409 22,314 19,395 2,034 2 883 9,317 63,139 25,861 22,505 2,393 13 950 9,412 64,694 29,312 25,394 2,965 32 921 9,624 71,036 31,850 27,409 3,511 38 892 10,995 76,509 35,027 29,827 4,081 51 1,068 10,577 81,357 38,373 31,865 4,672 72 1,764 23 Total assets 425,937 440,246 487,426 531,467 570,771 605,747 653,127 682,867 23 24 Total liabilities 149,710 154,062 175,693 188,949 198,481 208,481 227,041 238,908 24 90,986 95,885 104,218 114,800 124,651 133,164 143,547 154,259 25 46,970 18,101 1,547 5,670 10,884 50,449 19,732 1,872 5,939 11,921 53,286 21,598 2,016 6,348 13,234 56,901 23,225 1,788 6,632 14,805 63,217 24,857 1,671 6,855 16,331 68,901 27,714 1,823 7,611 18,280 71,856 30,800 1,938 8,518 20,344 75,312 33,442 1,697 9,289 22,456 22,412 21,845 25,651 30,766 32,037 31,701 35,507 37,905 32 25 26 27 .28 29 30 31 32 Credit market debt Tax-exempt bonds Corporate bonds Mortgages Home mortgages Multi-family Commercial Bank loans n.e.c. - 16 17 18 19 20 21 22 26 27 28 29 30 31 # # # # # # # # # OCTOBER 1985 Nonfinancial Corporate Business 39 # 705 CONTINUED Nonfinancial Corporate Business Sector Balance Sheets with Tangible Assets at Current Cost YEAR-END OUTSTANDINGS 33 34 35 36 37 38 39 Commercial paper Acceptances Finance company loans U.S. Povernment loans Profit taxes payable Trade debt Foreign direct inv. in U.S. 40 Net worth Debt-net worth ratio (25/40) 41 YEAR-END OUTSTANDINGS 1953 1954 1955 1956 1957 1958 1959 1960 402 188 1,960 953 , 531 301 2,221 806 362 166 2,471 684 378 245 2,603 682 422 309 3,068 741 658 291 3,147 752 315 296 3,994 779 769 417 5,558 856 19,271 35,202 4,251 15,988 37,556 4,633 20,085 46,314 5,076 18,102 50,588 5,459 15,971 52,149 5,710 13,378 55,824 6,115 15,817 61,073 6,604 13,615 37 64,124 38 6,910 39 276,227 32.938 286,184 33*504 311,733 33,431 342,518 33,516 372,290 33,482 397,266 33,520 426,086 33,689 443,959 40 34.746 41 144,776 62,846 216,033 44.384 269,173 38+717 289,169 39.699 242,470 51.408 342,082 38.927 361,299 39.730 354,114 42 43.561 43 9,104 9,220 9,318 9,880 10,425 11,296 11,508 11,579 44 52,411 75.487 86.347 84.424 65,129 86.109 84,794 79,762 45 33 34 35 36 Memo: 42 43 Market value of equities, including corp. farm equities Debt-equity ratio (25/42) Net worth of corporate farms, from farm sector table Ratio of market value To net worth (%) (42/40) 45 44 Tangibles and net worth on historical cost basis: 46 Tangible assess 216,665 225,740 244,987 269,018 288,034 297,380 316,460 333,791 46 47 48 49 50 Reproducible assets Residential structures Nonres. plant & equipment Inventories 206,746 2,067 136,768 67,911 215,476 2,141 147,033 66,302 234,068 2,222 158,881 72,965 256,887 2,301 174,044 80,542 275,158 2,415 190,152 82,591 282,990 2,571 200,110 80,309 300,463 2,809 211,205 86,449 316,275 3,102 223,723 89,450 51 Land 9,919 10,264 10,919 12,131 12,876 14,390 15,997 17,516 51 335,717 350,367 387,076 416,228 439,910 460,882 495,176 515,527 52 186,007 48*915 196,305 48,844 211,383 49,302 227,279 50,510 241,429 51.630 252,401 52,758 268,135 53.535 276,619 53 55,765 54 52 Total assets Net worth Debt-net worth ratio (25/53) -ii DATA ARE IN MILLIONS OF DOLLARS. 47 48 49 50 705 Nonfinancial Corporate Business OCTOBER 1985 Nonfinancial Corporate Business Sector Balance Sheets with Tangible Assets at Current Cost 40 YEAR-END OUTSTANDINGS YEAR-END OUTSTANDINGS 1961 1962 1963 1965 1964 1966 1967 1968 Nonfinancial Corporate Business 1 Tangible assets (current cost) 529,321 538,062 547,751 564,675 595,767 644,233 688,907 740,344 1 2 3 4 5 Reproducible assets Residential structures Nonres. plant & equipment Inventories 377,010 5,251 275,088 96,671 392,436 5,831 284,921 101,684 409,713 6,489 295,480 107,744 433,377 7,397 311,213 114,767 469,422 8,171 336,434 124,817 523,086 9,131 372,467 141,488 569,890 9,880 406,360 153,650 623,514 11,462 446,414 165,638 2 3 4 6 Land 152,311 145,626 138,038 131,298 126,345 121,147 119,017 116,830 6 194,579 206,589 222,245 237,055 258,795 272,297 288,562 319,227 7 57,937 34,564 5,000 61,337 33,427 5,687 63,176 33,053 8,993 593 781 13,786 4,600 1,370 61,326 32,371 8,603 895 885 12,081 3,639 2,852 63,095 34,817 9,682 670 1,055 9,619 3,300 3,952 68,569 37,531 9,056 1,121 1,587 10,393 3,782 5,099 8 15,677 158,242 76,739 58,547 8,788 160 9,244 7 Total financial assets 5 8 9 10 11 12 13 14 15 Liquid assets Demand deposits & currency Time deposits Security RP's Foreign deposits U.S. Government securities State & local obligations Open-market paper 54,837 31,673 4,100 236 15,344 2,395 1,089 790 13,582 2,697 1,304 731 16,736 3,787 969 61,670 32,738 6,671 309 1,097 15,481 3,680 1,694 16 17 18 19 20 21 22 Consumer credit Trade crodit Miscellaneous assets Foreign direct investment Insurance receivables Equity in spons. agencies Other 10,653 87,217 41,872 34,717 5,134 80 1,941 11,514 91,648 45,490 37,276 5,684 90 2,440 12,560 97,865 50,483 40,736 6,031 90 3,626 13,570 106,333 55,482 44,480 6,350 91 4,561 14,628 119,490 61,501 49,283 6,766 97 5,355 14,953 131,712 64,306 51,007 7,331 120 5,848 15,371 139,908 70,188 55,329 7,999 134 6,726 723,900 744,651 769,996 801,730 854,562 916,530 977,469 1059,571 23 255,294 272,125 294,498 315,334 348,708 382,303 411,203 459,246 24 165,054 177,458 190,240 202,988 221,576 244,054 269,455 296,526 25 2Z Total asset 3 24 Totv.l liabilities 25 26 27 _28 29 30 31 32 Credit market debt Tax-exempt bonds Corporate bonds Mortgages Home mortgages Mm!ti-family Commercial Bank loans n.e.c. - - - — - - - - - - 79,952 37,429 1,808 10,363 25,258 84,501 41,888 1,805 11,413 28,670 88,414 46,751 1,973 12,403 32,375 92,408 49,443 1,870 13,657 33,916 97,800 51,645 1,957 14,522 35,166 108,024 54,492 1,565 15,247 37,680 122,682 56,555 2,031 16,050 38,474 39,335 42,643 46,316 51,290 61,627 69,822 77,068 - 135,575 58,824 2,201 17,082 39,541 9 10 11 12 13 14 15 16 17 18 19 20 21 22 26 27 28 29 30 31 86,456 32 705 CONTINUED Nonfinancial Corporate Business OCTOBER 1985 Nonfirancial Corporate Business: 41 YEAR-END OUTSTANDINGS 33 34 35 36 37 38 39 Commercial paper Acceptances Finance company loans U.S. Government loans Profit taxes payable Trade debt Foreign dxrect inv. in U.S. 40 Net worth Debt-net worth ratio (25/40) 41 Sector Balance Sheets with Tangible Assets at Current Cost YEAR-END OUTSTANDINGS 1961 1962 1963 1964 1965 1966 1967 1968 1,094 447 5,875 922 1,198 449 5,644 1,135 968 332 6,276 1,183 1,125 382 6,958 1,382 797 445 7,586 1,676 1,622 531 7,521 2,042 3,034 652 7,231 2,233 4,249 787 8,978 1,657 14,995 67,853 7,392 15,941 71,114 7,612 17,508 78,806 7,944 18,007 85,976 8,363 20,169 98,166 8,797 20,374 108,821 9,054 15,647 116,178 9,923 18,508 37 133,397 38 10,815 39 468,606 35,222 472,526 37.555 475,498 40.008 486,396 41.733 505,854 43.802 534,227 45.683 566,266 47.584 600,325 40 49.394 41 428,294 38*537 389,171 45*598 456,076 41+712 509,516 39.839 553,720 40.015 504,221 48*402 651,771 41,341 736,974 42 40.235 43 11,912 12,278 12,686 13,113 14,028 14,588 15,259 16,015 44 91.397 82.359 95.915 104.753 109.462 94.383 115.099 122.762 45 33 34 35 36 Memo t 42 43 Market value of equities, including corp. farm equities Debt-equity ratio (25/42) Net worth of corporate farms, from farm sector table Ratio of market value To net worth (%) (42/40) 45 44 Tangibles and net worth on historical cost basis 1 46 Tangible assets 47 48 49 50 Reproducible assets Residential structures Nonres. plant & equipment Inventories 51 Land 52 Total assets Net worth Debt-net worth ratio (25/53) DATA ARE IN MILLIONS OF DOLLARS. Ill 349,731 370,440 391,668 417,211 452,558 499,120 539,149 580,998 46 330,161 3,542 234,519 92,100 349,012 4,162 247,467 97,383 368,382 4,979 260,229 103,174 391,937 5,783 276,169 109,985 424,708 6,538 298,710 119,460 468,921 7,182 326,396 135,343 506,775 7,781 352,341 146,653 546,334 8,630 379,726 157,978 19,570 21,428 23,286 25,274 27,850 30,199 32,374 34,664 51 544,310 577,029 613,913 654,266 711,353 771,417 827,711 900,225 52 289,016 57.108 304,904 58.201 319,415 59.558 338,932 59,890 362,645 61.099 389,114 62*720 416,508 64.693 440,979 53 67,242 54 47 48 49 50 m OCTOBER 1985 Nonfinancial Corporate Business 42 YEAR-END OUTSTANDINGS 705 Nonfinancial Corporate Business Sector Balance Sheets with Tangible Assets at Current Cost YEAR-END OUTSTANDINGS 1969 1970 1971 1972 1973 1974 1975 1976 Nonfinancial Corporate Business 1 Tangible assets (current cost) 810,974 870.628 918,229 989,925 1134,429 1408,320 1508,927 1629,073 1 2 3 4 5 Reproducible assets Residential structures Nonres. plant & equipment Inventories 694,957 13,153 498,519 183,285 758,484 14,620 551,116 192,748 813,301 16,627 593,855 202,819 878,490 19,518 639,468 219,504 1011,493 23,583 723,395 264,515 1266,566 26,710 896,539 343,317 1360,821 28,872 983,579 348,370 1475,780 32,209 1057,369 386,202 2 3 4 5 6 Lone* 116,017 112,144 104,928 111,435 122,936 141,754 148,106 153,293 6 351,082 369.629 406,018 455,479 526,035 516,678 557,625 611,929 7 69,008 43,122 3,652 3,311 1,173 7,322 2,800 7,628 69,494 44,059 5,347 234 798 7,492 2,175 9,389 78,819 42,581 9,509 1,077 1,234 9,968 3,175 11,275 88,015 44,938 11,890 2,688 2,172 7,917 4,175 14,235 100,960 46,315 16,623 11,262 3,329 4,517 4,038 14,876 105,407 47,772 20,464 5,485 4,946 5,566 4,654 16,520 125,170 53,927 22,351 4,731 5,772 14,281 4,481 19,627 139,778 56,365 24,413 7,048 7,441 16,421 3,419 24,671 8 9 10 11 12 13 14 15 16,150 180,823 85,101 63,704 9,935 225 11,237 16,924 189,127 94,084 70,269 10,831 336 12,648 19,307 201,808 106,084 76,388 11,878 359 17,459 20,198 228,007 119,259 81,503 13,729 377 23,650 21,675 266,798 136,602 91,715 15,689 396 28,802 22,256 243,539 145,476 100,364 17,816 413 26,883 22,950 249,369 160,136 114,140 20,043 423 25,530 24,871 268,058 179,222 126,583 23,424 460 28,755 16 17 18 19 20 21 22 1162,056 1240,257 1324,247 1445,404 1660,464 1924,998 2066,552 2241,002 23 506,688 541,502 581,374 636,870 732,559 743,430 770,907 834,742 24 325,464 355,016 147,550 58,002 1,972 18,551 37,479 167,306 58,852 2,087 19,750 37,015 380,130 86 186,113 61,337 2,965 21,672 36,700 412,511 634 198,300 64,105 3,541. 24,457 36,100 461,274 2,430 207,459 65,936 3,122 26,914 35,900 527,440 4,078 227,129 66,808 2,800 28,308 35,700 548,475 6,678 254,333 65,929 3,531 28,798 33,600 591,468 9,163 277,164 68,329 4,779 29,950 33,600 98,325 104,169 108,321 120,636 150,282 181,510 172,362 176,312 32 7 Total financial assets 8 9 10 11 12 13 14 15 Liquid assets Demand deposits & currency Time deposits Security RP's Foreign deposits U.S. Government securities State & local obligations Open-market paper 16 17 18 19 20 21 22 Consumer credit Trade credit Miscellaneous assets Foreign d:rect investment Insurance receivables Equity in spons. agencies Other 23 Total assets 24 Total liabilities 25 26 27 „28 -9 30 31 32 Credit market debt Tax-exempt bonds Corporate bonds Mortgages Home mortgages Multi-family Commercial Bank loans n.e.c. 25 26 27 28 29 30 31 OCTOBER 1985 Nonfinancial Corporate Business 43 YEAR-END OUTSTANDINGS 33 34 35 36 37 38 39 Commercial paper Acceptances Finance company loans U.S. Government loans Profit taxes payable Trade debt Foreign direct inv. in U.S. 40 Net worth Debt-net worth ratio (25/40) 41 705 CONTINUED Nonfinancial Corporate Business Sector Balance Sheets with Tangible Assets at Current Cost YEAR-END OUTSTANDINGS 1969 1970 1971 1972 1973 1974 1975 1976 5,356 1,141 13,316 1,774 7,133 1,545 13,952 2,059 6,247 1,809 14,613 1,604 6,968 1,836 18,187 1,845 8,382 2,368 22,279 2,138 12,513 3,623 28,112 3,667 9,616 3,790 31,894 3,873 11,049 5,082 40,313 4,056 15,202 154,204 11,818 11,472 161,744 13,270 13,345 173,985 13,914 13,253 196,238 14,868 15,631 235,098 20,556 16,717 174,129 25,144 14,312 180,458 27,662 21,796 37 190,708 38 30,770 39 655,368 49,661 698,755 50*806 742,873 51.170 808,534 51.019 927,905 49.711 1181,568 44,638 1295,645 42.332 1406,260 40 42.059 41 646,923 50*309 649,394 54,668 760,472 49.986 858,338 48.059 680,983 67.736 501,328 105.208 690,039 79.484 797,410 42 74.173 43 16,637 17,056 18,332 20,714 26,044 28,115 32,249 37,260 44 98,711 92,935 102*369 106.159 73.389 42*429 53.258 56.704 45 1124,218 46 33 34 35 36 Memo % 42 43 Market value of equities, including corp. farm equities Debt-equity ratio (25/42) Net worth of corporate farms, from farm sector table Ratio of market value To net worth (%) (42/40) 45 44 Tangibles and net worth on historical cost basis: 633,424 675,247 715,336 769,401 857,064 978,027 1035,076 594,502 9,780 411,448 173,274 634,673 10,820 441,290 182,563 672,827 12,159 469,255 191,413 724,021 14,053 503,764 206,204 807,166 16,159 549,568 241,439 924,240 17,457 603,211 303,572 980,111 18,215 652,689 309,207 38,922 40,574 42,509 45,380 49,898 53,787 54,965 56,479 51 52 Total assets 984,506 1044,876 1121,354 1224,880 1383,099 1494,705 1592,701 1736,147 52 53 Net worUi Debt-net worth ratio (25/53) 54 477,818 68.114 503,374 70,527 539,980 70.397 588,010 70,153 654,540 70.906 751,275 70,205 821,794 66,741 901,405 53 65,616 54 46 Tangible assets 47 48 49 50 Reproducible assets Residential structures Nonres. plant & equipment Inventories 51 Land DATA ARE IN MILLIONS OF DOLLARS. 1067,739 19,030 708,545 340,164 47 48 49 50 OCTOBER 1985 Nonfincncial Corporate Business 44 YEAR-END OUTSTANDINGS 705 Nonfinancial Corporate Business Sector Balance Sheets with Tangible Assets at Current Cost YEAR-END OUTSTANDINGS 1977 1978 1979 1980 1981 1982 1983 1984 Nonfinancial Corporate Business 1 Tangible assets (current cost) 1859,867 2109,816 2442,909 2779,590 3090,054 3208,355 3316,790 3517,293 1 2 3 4 5 Reproducible assets Residential structures Nonres. plant & equipment Inventories 1645,565 36,959 1177,524 431,082 1858,674 43,965 1318,198 496,511 2137,983 49,287 1501,075 587,621 2403,046 54,614 1697,628 650,804 2637,556 59,982 1868,871 708,703 2712,182 61,261 1959,342 691,579 2782,755 65,368 2017,156 700,231 2940,675 71,099 2115,581 753,995 2 3 4 5 6 Land 214,302 251,142 304,926 376,544 452,498 496,173 534,035 576,618 6 671,714 764,433 888,605 993,370 1060,111 1082,248 1195,240 1273,380 7 7 Total financial assets 8 9 10 11 12 13 14 15 Liquid assets) Demand deposits & currency Time deposits Security RP's Foreign deposits U.S. Government securities State & local obligations Open-market paper 143,441 59,207 29,215 8,256 8,742 10,026 3,468 24,527 159,211 62,958 31,174 13,729 11,401 11,538 3,658 24,753 177,820 69,244 35,877 16,343 12,869 13,105 3,687 26,695 190,691 73,068 39,853 22,915 14,009 13,000 3,490 24,356 208,143 66,281 54,758 22,922 14,499 11,888 3,470 34,325 235,538 74,989 60,029 26,643 11,968 16,136 3,536 42,237 281,966 72,414 76,645 37,887 16,789 21,123 4,201 52,907 288,902 66,836 81,372 33,337 12,740 28,235 4,066 62,316 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 Consumer credit Trade credit Miscellaneous assets Foreign direct investment Insurance receivables Equity in c.pons. agencies Other 25,970 304,281 198,022 135,382 27,833 539 34,268 27,789 360,234 217,199 151,761 33,415 581 31,442 29,411 429,626 251,748 178,240 38,949 633 33,926 29,868 476,979 295,832 208,467 43,619 642 43,104 32,496 499,522 319,950 224,826 47,320 642 47,162 33,025 486,135 327,550 227,438 50,030 714 49,368 37,072 540,753 335,449 236,508 53,462 723 44,756 42,863 579,424 362,191 246,210 58,562 724 56,695 16 17 18 19 20 21 22 2531,581 2874,249 3331,514 3772,960 4150,165 4290,603 4512,030 4790,673 23 930,291 1071,966 1235,567 1379,837 1532,899 1602,722 1710,824 1940,411 24 662,619 17,377 300,041 71,851 6,377 31,974 33,500 741,069 25,041 321,157 76,050 6,736 34,714 34,600 836,451 35,028 338,465 77,523 6,126 37,197 34,200 914,245 45,892 365,120 79,994 5,346 40,648 34,000 1017,569 59,323 386,881 78,086 3,978 41,408 32,700 1090,087 74,466 405,547 76,782 4,407 40,766 31,609 1144,672 83,897 421,573 79,714 7,177 41,597 30,940 1326,375 102,439 463,836 80,029 7,491 41,823 30,715 197,013 227,373 272,569 299,189 341,940 383,026 401,926 23 Total assents 24 Total liabilities 25 26 27 .28 29 30 31 32 Credit market debt Tax-exempt bonds Corporate bonds Mortgages Home mortgages Multi-family Commercial Bank loans n.e.c. 25 26 27 28 29 30 31 479,136 32 # # # • e • • OCTOBER 1985 Nonfinancial Corporate Business 45 YEAR-END OUTSTANDINGS 33 34 35 36 37 38 39 Commercial paper Acceptances Finance company loans U.S. Government loans Profit taxes payable Trade debt Foreign direct inv. in U.S. 40 Net worth 41 Debt-net worth ratio (25/40) • e e 705 CONTINUED Nonfinancial Corporate Business Sector Balance Sheets with Tangible Assets at Current Cost YEAR-END OUTSTANDINGS 1977 1978 1979 12,808 5,721 53,782 4,026 15,499 4,967 65,268 5,714 24,518 6,015 75,425 6,908 20,251 212,826 34,595 24,552 263,874 42,471 1601,290 41,380 1980 1981 1982 1983 1984 28,026 6,860 80,788 8,376 42,722 9,097 89,949 9,571 37,614 9,833 91,968 10,851 36,775 9,476 100,911 10,400 58,490 10,446 120,399 11,600 27,075 317,579 54,462 25,341 357,205 83,046 18,546 388,070 108,714 4,484 383,474 124,677 9,820 419,271 137,061 10,485 37 443,980 38 159,571 39 1802,283 41,118 2095,947 39,908 2393,123 38,203 2617,266 38,879 2687,881 40,555 2801,206 40,863 2850,262 40 46,535 41 756,851 87,549 781,775 94,793 942,925 88*708 1303,423 70+141 1226,777 82,946 1397,616 77+996 1655,101 69,160 1636,583 42 81+045 43 41,001 48,749 56,303 62,031 61,284 58,028 57,038 49,742 44 47*265 43,376 44,988 54,465 46,872 51.996 59,085 57,418 45 33 34 35 36 Memo i 42 43 Market value of equities, including corp. farm equities Debt-equity ratio (25/42) Net worth of corporate farms, from far m sector table Ratio of market value 45 To net worth (%) (42/40) 44 Tangibles and net worth on historical cost basisi 46 Tangible assets 1236,806 1379,998 1543,815 1704,686 1878,507 1962,173 2068,663 2275,861 46 47 48 49 50 Reproducible assets Residential structures Nonres. plant & equipment Inventories 1177,391 20,287 778,006 379,098 1316,361 21,931 864,387 430,043 1476,563 24,123 967,649 484,791 1630,864 26,231 1076,267 528,366 1796,831 28,412 1192,263 576,156 1875,055 30,249 1288,003 556,803 1976,045 33,396 1379,153 563,496 2176,261 37,593 1522,363 616,305 51 L-nd 59,415 63,637 67,252 73,822 81,676 87,118 92,618 99,600 51 1908,520 2144,431 2432,420 2698,056 2938,618 3044,421 3263,903 3549,241 52 978,229 67+736 1072,465 69,099 1196,853 69*887 1318,219 69*354 1405,719 72*387 1441,699 75,611 1553,079 73*703 1608,830 53 82,443 54 52 Tota 1 assets .53 Net worth 54 Debt-net worth ratio (25/53) DATA ARE IN MILLIONS OF DOLLARS. III 47 48 49 50 Ill OCTOBER 1985 Private Financial Institutions 706 Private Financial Institutions Sector Balance Sheets with Tangible Assets at Current Cost 46 YEAR-END OUTSTANDINGS YEAR-END 1945 1946 1947 1948 1949 1950 1951 1952 Private Financial Institutions 1 Tangible assets 1,557 1,944 2,316 2,451 2,473 2,808 3,105 2 3 4 Reproducible assets Residential structures Nonres. plant & equipment 3,396 1 1,178 212 966 1,515 239 1,276 1,852 277 1,575 2,000 297 1,703 2,040 290 1,750 2,331 319 2,012 2,586 336 2,250 5 Land 2,820 342 2,478 2 3 4 379 429 464 451 433 477 519 576 5 236,117 233,800 245,830 256,380 270,848 292,419 312,874 339,622 6 3,901 135 140 4,568 147 161 4,894 127 211 5,019 111 230 5,268 99 222 5,910 106 168 6,505 257 187 4,732 197,674 132,574 888 6,250 16,768 4,923 198,339 118,379 1,049 6,615 18,969 5,271 208,595 111,430 1,070 7,587 22,699 5,559 216,087 102,353 2,066 8,628 27,625 8,065 230,740 105,986 2,104 10,173 31,212 9,412 247,812 99,384 1,892 12,506 34,274 10,257 263,301 95,972 1,830 14,125 37,914 11,866 286,731 98,087 2,187 15,776 42,874 12 13 14 15 16 17 21,154 3,401 11,769 239 4,631 26,167 5,724 16,508 418 4,510 32,045 8,340 20,609 499 4,316 38,043 10,499 21,842 485 4,546 43,178 12,931 20,171 499 4,486 52,164 16,209 25,822 686 4,875 59,934 16,879 30,336 1,025 5,286 67,517 20,801 32,373 1,276 5,840 18 19 20 21 22 8,075 17,784 361 3,315 3,751 18,185 478 3,248 2,688 20,115 578 3,351 2,915 22,457 652 3,350 3,658 18,578 723 3,495 4,453 19,855 740 3,963 4,132 22,753 850 4,632 27 Total assets 4,865 22,703 948 5,276 23 24 25 26 237,674 235,744 248,146 258,831 273,321 295,227 315,979 343,018 27 28 Total liabilities 216,516 212,986 224,155 233,762 246,896 266,280 285,519 29 30 31 310,198 28 101,659 50,216 87,835 56,531 90,064 59,892 89,488 62,052 90,329 64,624 95,924 67,024 102,743 71,914 107,902 29 79,803 30 - 31 6 Total financial assets 7 8 9 10 11 Demand deposits 8 currency Small time & savings dep. Large time deposits Fed. funds & security RP's Foreign deposits 12 13 14 15 16 17 Corporate equities Credit market instruments U.S. Treasury securities Federal agency securities State 8 local obligations Corporate 8 foreign bonds 18 19 20 21 22 23 24 25 26 Mortgages Consumer credit Bank loans n.e.c. Open-market paper Other loans Security credit Vault cash&member bank res. Trade credit Miscellaneous finan. assets Checkable deposits Small time 8 savings dep. Money market fund shares 6,675 7 339 8 219 9 - 10 - 11 til 706 CONTINUED Private Financial Institutions OCTOBER 1985 Private Financial Institutions 47 YEAR-END OUTSTANDINGS Sector Balance Sheets with Tangii Assets at Current Cost YEAR-END OUTSTANDINGS 1945 1946 1947 1948 1949 1950 1951 1952 3,231 29 3,419 17 3,599 -82 3,930 -95 4,294 -82 4,576 -61 4,546 7 4,874 32 22 33 35,967 8,403 2,099 38,602 9,542 1,505 41,147 10,942 1,747 43,777 12,571 1,836 46,444 14,368 2,268 49,080 17,511 3,512 51,635 20,367 3,521 54,480 34 24,184 35 3,561 36 1,297 1,525 356 1,412 2,251 548 1,515 3,357 973 3,070 4,193 1,355 3,344 5,956 1,735 3,481 6,458 2,023 32 33 Large time deposits Fed. funds & security RP's 34 35 36 Life insurance reserves Pension fund reserves Interbank claims, net 37 38 39 40 41 42 43 Mutual fund shares Credit market instruments Corporate bonds Mortgages Bank loans n.e.c. Open-market paper Other loans 1,264 833 195 369 64 205 661 207 301 942 329 432 1,367 508 509 1,735 676 427 2,697 714 810 2,460 1,064 911 3,931 37 7,701 38 2,280 39 40 3,139 41 1,418 42 864 43 44 45 46 Security debt Tcxes payable Miscellaneous liabilities 3,976 443 8,396 2,366 457 9,890 1,582 348 11,253 2,068 495 12,768 2,588 708 14,092 2,960 868 15,586 2,681 1,098 17,068 3,056 44 1,434 45 19,250 46 47 Net worth Approximate share stock cos. 48 Approximate share other cos. 49 21,158 17,426 3,732 22,758 17,819 4,939 23,991 18,274 5,717 25,069 18,858 6,211 26,425 20,071 6,354 28,947 21,492 7,455 30,460 22,607 7,853 32,820 47 24,449 48 8,371 49 50 Memo: Market value of equities 29,024 25,492 21,694 21,679 24,017 24,834 26,879 30,669 50 DATA ARE IN MILLIONS OF DOLLARS. - - - OCTOBER 1985 Private Financial Institutions 706 Private Financial Institutions Sector Balance Sheets with Tangible Assets at Current Cost 48 YEAR-END OUTSTANDINGS YEAR-END OUTSTANDINGS 1953 1954 1955 1956 1957 1958 1959 1960 Private Financial Institutions 1 Tangible assets 3,468 3,834 4,435 5,096 5,475 5,845 6,492 6,767 1 2 3 4 Reproducible assets Residential structures Nonres. plant & equipment 2,888 344 2,544 3,186 350 2,836 3,681 362 3,319 4,188 370 3,818 4,486 373 4,113 4,750 377 4,373 5,208 387 4,821 5,399 404 4,995 2 3 4 5 Land 580 648 754 908 989 1,095 1,284 1,368 5 362,158 394,017 427,303 452,772 476,690 523,161 558,559 597,191 6 6,977 410 243 7,303 566 270 7,687 696 224 7,819 862 159 8,077 999 125 8,717 1,335 160 8,554 1,448 82 8,937 1,442 125 7 8 9 6 Total financial assets 7 8 9 10 11 Demand deposits & currency Small time & savings dep. Large time deposits Fed. funds & security RP's Foreign deposits 12 13 14 15 16 17 Corporate equities Credit market instruments U.S. Treasury securities Federal agency securities State & local obligations Corporate & foreign bonds - 10 11 12,941 306,426 98,466 3,760 17,841 47,602 17,728 331,367 103,728 3,685 21,260 51,873 24,144 356,055 96,028 3,156 22,825 54,857 25,946 377,730 91,684 2,864 24,140 58,683 25,530 400,620 90,685 3,351 26,449 65,157 36,361 433,391 99,556 3,942 30,508 70,687 42,634 462,076 92,640 3,138 32,791 74,907 46,239 494,995 94,274 4,022 34,835 79,545 12 13 14 15 16 17 75,806 24,507 31,113 1,165 6,166 86,499 25,510 31,280 1,147 6,385 100,739 31,706 38,750 942 7,052 112,799 34,872 44,316 1,007 7,365 121,385 37,445 46,150 1,319 8,679 133,645 37,567 46,642 1,797 9,047 148,301 43,670 53,262 2,468 10,899 161,284 48,423 56,787 2,405 13,420 18 19 20 21 22 5,729 22,672 1,006 5,754 7,526 21,345 1,064 6,848 8,645 21,687 1,156 7,009 8,023 22,220 1,291 8,622 7,726 22,369 1,451 9,793 9,172 21,753 1,599 10,673 9,414 21,186 1,782 11,383 9,615 20,427 1,934 13,477 23 24 25 26 27 Total assets 365,626 397,851 431,738 457,868 482,165 529,006 565,051 603,958 27 28 Total liabilities 331,058 358,205 388,340 411,903 435,019 476,403 508,828 544,359 28 29 30 31 108,025 88,014 112,538 97,341 114,678 106,096 116,493 115,660 115,841 127,703 121,409 141,951 122,979 153,428 125,022 29 165,076 30 - 31 18 19 20 21 22 23 24 25 26 Mortgages Consumer credit Bank locns n.e.c. Open-market paper Other loans Security credit Vault cpsh&member bank res. Trade credit Miscellaneous finan. assets Checkable deposits Small time & savings dep. Money market fund shares http://fraser.stlouisfed.org/ m Federal Reserve Bank of St. Louis # e * e 706 CONTINUED Private Financial Institutions OCTOBER 1985 Private Financial Institutions Sector Balance Sheets with Tangible Assets at Current Cost 49 YEAR-END OUTSTANDINGS YEAR-END OUTSTANDINGS 1960 1953 1954 1955 1956 1957 1958 1959 5,824 37 7,011 -20 6,693 -205 6,489 -210 6,701 -313 9,290 -252 7,552 -28 11,119 32 -262 33 57,388 28,538 3,416 60,389 33,295 3,284 63,459 40,498 4,574 66,626 45,679 5,008 69,277 51,332 4,221 72,294 60,436 4,341 75,606 69,246 5,387 78,758 34 76,728 35 6,141 36 6,109 9,212 3,604 7,838 13,295 4,528 9,046 13,819 5,609 8,714 15,056 6,354 13,241 14,449 6,556 15,818 18,195 7,733 32 33 Large time deposits Fed. funds & security RP's 34 35 36 Life insurance reserves Pension fund reserves Interbank claims# net 37 38 39 40 41 42 43 Mutual fund shares Credit market instruments Corporate bonds Mortgages Bank loans n.e.c. Open-market paper Other loans 4,146 9,320 3,681 3,044 1,643 952 3,250 1,491 867 5,611 1,739 1,417 5,110 1,872 1,228 5,113 2,324 1,265 4,406 2,189 1,298 5,441 2,887 2,134 17,026 37 20,938 38 9,112 39 40 6,117 41 3,728 42 1,981 43 44 45 46 Security debt Taxes payable Miscellaneous liabilities 3,445 1,903 21,002 4,450 1,634 22,962 4,746 1,260 25,408 4,158 1,452 27,683 4,287 1,635 30,565 4,848 1,698 32,698 4,887 1,387 34,371 5,382 44 2,364 45 36,067 46 47 Net worth Approximate share stock cos. 48 Approximate share other cos. 49 34,568 25,539 9,029 39,646 29,358 10,288 43,398 31,507 11,891 45,965 33,106 12,859 47,146 33,509 13,637 52,603 37,392 15,211 56,223 39,811 16,412 59,599 47 41,963 48 17,636 49 50 Memot Market value of equities 28,754 33,991 37,562 37,154 45,586 59,559 73,182 75,874 50 DATA ARE IN MILLIONS OF DOLLARS. III — - - - - - III OCTOBER 1985 Private Financial Institutions 50 YEAR-END OUTSTANDINGS 706 Private Financial Institutions Sector Balance Sheets with Tangible Assets at Current Cost YEAR-END OUTSTANDINGS 1961 1962 1963 1964 1965 1966 1967 1968 Private Financial Institutions 1 Tangible assets 7,263 7,634 8,415 9,613 11,364 13,564 16,028 19,930 1 2 3 4 Reproducible assets Residential structures Norires. plant 8 equipment 5,736 429 5,307 5,956 465 5,491 6,647 502 6,145 7,640 559 7,081 9,069 606 8,463 10,928 665 10,263 13,002 708 12,294 16,628 812 15,816 2 3 4 5 Land 1,527 1,678 1,768 1,973 2,295 2,636 3,026 3,302 5 657,006 705,635 771,099 845,883 926,917 974,731 1076,156 1184,334 6 10,044 1,754 168 10,981 1,919 160 11,048 2,046 141 11,267 2,236 224 11,665 2,252 211 11,320 2,073 393 11,819 2,266 798 61,385 533,684 100,520 4,840 38,685 84,913 57,917 581,328 101,974 6,730 44,443 90,872 70,645 630,633 98,428 7,237 48,825 96,860 83,549 688,094 99,740 8,111 52,403 103,921 98,776 750,047 95,561 9,119 57,099 111,655 94,401 797,540 92,118 10,727 59,718 120,886 122,298 860,113 96,182 14,090 70,160 133,310 145,141 934,652 98,701 17,021 79,689 142,217 177,338 50,688 59,868 2,707 14,125 197,873 55,639 65,860 3,141 14,796 223,583 62,972 72,926 3,170 16,632 249,213 71,292 81,130 3,577 18,707 274,728 80,223 96,941 3,511 21,210 292,558 86,037 106,449 5,324 23,723 310,681 91,014 112,914 7,446 24,316 333,355 18 101,676 19 126,683 7,514 27,796 11,772 21,076 1,993 15,130 12,423 21,973 2,201 16,733 15,083 21,308 2,332 17,863 15,045 22,382 2,484 20,602 15,263 23,298 2,649 22,756 15,824 25,244 2,898 25,038 20,498 27,023 3,176 28,165 24,659 29,054 3,476 31,593 27 Total asseti* 664,269 71^,269 779,514 855,496 938,281 988,295 1092,184 1204,264 28 Total liabilities 597,588 643,933 706,141 775,804 853,114 901,121 997,253 1099,701 28 29 30 31 130,140 183,339 134,711 209,127 136,925 234,662 143,641 260,196 148,953 287,330 150,759 305,206 162,896 339,846 176,210 29 366,518 30 - 31 6 Total financial assets 7 8 9 10 11 Demand deposits & currency Small time & savings dep. U r g e time deposits F ;d. funds & security RP's F.reign deposits 12 13 14 15 16 17 Ccrporate equities Credit market instruments U.S. Treasury securities Federal agency securities State & local obligations Corporate 8 foreign bonds 18 19 20 21 22 23 24 25 26 Mortgages Consumer credit Bank loans n.e.c. Open-market paper Other loans Security credit Vault cash&member bank res. Trade credit Miscellaneous finan. assets Checkable deposits Small time & savings dep. Money market fund shares 12,576 7 2,105 8 971 9 107 10 11 12 13 14 15 16 17 706 CONTINUED Private Financial Institutions OCTOBER 1985 Private Financial Institutions 51 YEAR-END OUTSTANDINGS Sector Balance Sheets with Tangible Assets at Current Cost YEAR-END OUTSTANDINGS 1961 1962 1963 1964 1965 1966 1967 1968 32 33 Large time deposits Fed. funds & security RP's 13,569 14 16,408 63 20,353 26 25,119 540 31,033 1,749 33,356 1,674 39,269 1,659 46,009 32 2,586 33 34 35 36 Life insurance reserves Pension fund reserves Interbank claims# net 82,112 88,649 7,479 85,754 93,295 7,223 89,860 105,689 7,113 94,172 120,197 7,133 98,863 135,050 7,249 103,450 143,322 11,277 108,335 164,000 11,817 113,138 34 184,199 35 15,605 36 37 38 39 40 41 42 43 Mutual fund shares Credit market instruments Corporate bonds Mortgages Bank loans n.e.c. Open-market paper Other loans 22,875 22,159 9,262 21,271 25,267 9,222 25,214 30,553 10,530 29,116 35,428 12,834 35,220 41,841 15,051 34,829 45,433 15,275 44,307 43,608 15,954 6,643 3,592 2,662 7,764 4,802 3,479 9,417 5,822 4,784 9,952 7,317 5,325 12,290 8,503 5,997 11,200 12,023 6,935 9,217 14,051 4,386 51,232 49,474 16,400 200 10,691 16,924 5,259 44 45 46 Security debt Taxes payable Miscellaneous liabilities 6,256 1,392 39,604 7,066 1,947 41,801 7,739 1,548 46,459 8,377 1,759 50,126 8,737 1,786 55,303 9,576 1,741 60,498 12,745 1,548 67,223 16,199 44 1,708 45 76,823 46 47 Net worth Approximate share stock cos. 48 Approximate share other cos. 49 66,681 47,247 19,434 69,336 48,438 20,898 73,373 51,478 21,895 79,692 55,600 24,092 85,167 57,534 27,633 87,174 57,284 29,890 94,931 61,065 33,866 104,563 47 65,728 48 38,835 49 50 Memo: Market value of equities 117,925 90,529 110,586 118,184 154,980 139,279 166,929 237,926 50 DATA ARE IN MILLIONS OF DOLLARS. — - - - - - - 37 38 39 40 41 42 43 OCTOBER 1985 Private Financial Institutions 706 Private Financial Institutions Sector Balance Sheets with Tangible Assets at Current Cost 52 YEAR-END OUTSTANDINGS YEAR-END OUTSTANDINGS 1969 1970 1971 1972 1973 1974 1975 1976 Private Financial Institutions 1 Tangible assets 25,438 30,597 35,197 41,047 50,349 62,996 66,515 71,021 1 2 3 4 Reproducible assets Residential structures Nonres. plant & equipment 21,466 918 20,548 26,062 1,009 25,053 30,406 1,136 29,270 35,463 1,317 34,146 43,811 1,573 42,238 54,914 1,775 53,139 58,584 1,921 56,663 62,587 2,150 60,437 2 3 4 5 Land 3,972 4,535 4,791 5,584 6,538 8,082 7,931 8,434 5 1235,110 1327,760 1495,043 1716,035 1848,881 1948,333 2152,108 2403,712 6 12,177 1,664 851 336 12,678 2,080 1,573 442 13,488 2,984 3,081 1,168 15,157 3,559 4,496 1,667 15,466 2,910 6,233 3,709 15,785 3,278 16,243 6,107 16,440 3,270 19,645 5,059 6 Total financial assets 7 8 9 10 11 Demand deposits 8 currency Small time 8 savings dep. Large time deposits Fed. funds & security RP's Foreign deposits 12 13 14 15 16 17 Corporate equities Credit market instruments U.S. Treasury securities Federal agency securities State 8 local obligations Corporate 8 foreign bonds - - - 17,393 7 3,333 8 18,663 9 6,682 10 11 141,031 992,651 85,087 18,822 81,238 150,453 150,361 1069,070 91,990 25,661 93,798 163,518 195,570 1175,798 91,129 33,841 110,375 177,512 249,300 1327,231 94,177 44,580 122,126 192,999 208,807 1496,044 82,442 58,007 131,457 207,188 154,149 1629,382 77,676 68,677 138,595 228,140 210,303 1763,629 123,740 81,368 146,332 257,928 242,975 1958,982 162,790 90,510 158,677 287,503 12 13 14 15 16 17 355,063 111,592 144,020 11,092 35,284 374,791 115,495 151,246 14,694 37,877 415,325 128,691 162,232 16,471 40,222 475,153 147,121 188,464 17,246 45,365 540,265 170,287 237,288 16,587 52,523 577,788 178,896 278,441 21,144 60,025 610,714 186,960 266,067 25,164 65,356 671,897 209,281 272,462 30,538 75,324 18 19 20 21 22 20,021 29,405 3,898 33,076 20,174 31,197 4,370 35,815 23,525 35,329 4,661 39,439 32,056 34,295 5,842 42,432 24,300 37,748 6,485 47,179 20,546 37,483 7,020 58,340 23,634 38,304 7,668 64,156 34,856 37,279 8,878 74,671 23 24 25 26 27 Total assets 1260,548 1358,357 1530,240 1757,082 1899,230 2011,329 2218,623 2474,733 27 28 Total liabilities 1151,984 1241,995 1398,465 1607,877 1740,404 1848,040 2048,195 2284,947 28 180,864 380,605 190,202 411,437 203,402 479,829 223,190 549,479 236,121 588,698 236,087 626,409 2,379 244,045 724,377 3,696 258,265 29 845,930 30 3,686 31 18 19 20 21 22 23 24 25 26 29 30 31 Mortgages Consumer credit Bank loans n.e.c. Open-market paper Other loans Security credit Vault cash8member bank res. Trade credit Miscellaneous finan. assets Checkable deposits Small time 8 savings dep. Money market fund shares IIL - - - - 706 CONTINUED Private Financial Institutions OCTOBER 1985 Private Financial Institutions 53 YEAR-END OUTSTANDINGS Sector Balance Sheets with Tangible Assets at Current Cost YEAR-END OUTSTANDINGS 1976 1974 1975 126,021 25,701 167,087 25,273 158,153 28,801 144,277 32 42,374 33 136,349 293,008 10,307 143,522 287,348 6,663 150,528 286,964 7,078 158,474 363,744 -4,846 167,073 34 420,754 35 -12,678 36 1969 1970 1971 1972 30,485 8,122 54,692 3,968 68,115 7,675 86,914 9,537 118,110 193,193 22,877 123,345 211,657 18,108 129,626 245,224 12,235 1973 32 33 Large time deposits Fed. funds & security RP's 34 35 36 Lifv insurance reserves Pension fund reserves Interbank claims, net 37 38 39 40 41 42 43 Mutual fund shares Credit market instruments Corporate bonds Mortgages Bank loans n.e.c. Open-market paper Other loans 47,587 66,652 17,226 430 12,463 27,244 9,289 46,811 70,463 21,002 546 12,362 25,938 1C,615 55,446 74,659 25,906 680 14,258 25,879 7,936 58,926 90,289 32,953 1,160 20,444 27,753 7,979 46,635 116,165 37,393 1,480 29,454 32,691 15,147 35,151 134,020 40,473 1,649 33,644 36,450 21,804 43,034 131,024 43,715 2,028 29,921 37,515 17,845 46,495 137,958 53,556 2,416 26,414 39,710 15,862 44 45 46 Security debt Taxes payable Miscellaneous liabilities 13,173 1,894 88,422 14,153 2,479 94,680 15,299 2,443 104,512 19,502 2,450 127,926 16,075 2,608 144,847 13,150 2,693 161,221 16,034 2,437 179,222 23,945 44 2,929 45 203,939 46 47 Net worth Approximate share stock cos. 48 Approximate share other cos. 49 108,564 67,622 40,942 116,362 71,884 44,478 131,775 80,354 51,421 149,205 89,511 59,694 158,826 93,972 64,854 163,289 92,445 70,844 170,428 98,744 71,684 189,786 47 111,479 48 78,307 49 50 Memo* Market value of equities 212,477 203,406 235,628 269,262 210,417 131,372 149,861 198,590 50 DATA ARE IN MILLIONS OF DOLLARS. ill 37 38 39 40 41 42 43 Ill OCTOBER 1985 Private Financial Institutions 54 7fl, Private Financial Institutions Sector Balance Sheets with Tangible Assets a t Current Cost IE*™!!™™!*™™ YEAR-END OUTSTANDINGS 1977 1978 1979 1980 1981 1982 1983 1984 Private Financial Institutions 1 Tangible assets 81,588 I 4 •xflSSa.'SStar. Nonres. plant & equipment 69,512 5 Land 6 Total financial assets 96,196 113,967 132,909 150,044 1647764 1757573 1927844 1 S:II? 81,705 *I:ISf 96,037 110,558 123,468 "tit; 135,949 "1:111 144^867 159'270 i 4 9,603 11,544 14,629 18,697 22,568 24,726 26,323 28,793 5 2679,860 3047,562 3453,796 3872,309 4279,599 4694,447 5252,505 5951,317 6 8 1 1 11 1 11 11 11 81J I illSlI 11 11 11 11 11 11 11 HI S 11 II 11 II 11 11 11 Hi I 1 l i l I I I I , 1 1 1 ! I I 1 1 I I S 27 Total assets 2761,448 3143,758 3567,763 4005,218 4429,643 4859,211 5428,078 6144,161 27 28 Total liabilities 2544,979 2887,141 3266,746 3669,975 4081,712 4488,371 5017,367 5670,824 28 283,729 940,487 3,887 310,131 1005,888 10,808 337,717 1067,126 45,214 349,344 1153,694 74,448 366,686 1201,195 181,910 394,322 1340,954 206,607 420,783 1558,672 162,549 457,434 29 1707,891 30 209,732 31 29 30 31 Checkable deposits Small time 8 savings dep. Money market fund shares # # # # # # # # # # # lit 706 CONTINUED Private Financial Institutions OCTOBER 1985 Private Financial Institutions 55 YEAR-END OUTSTANDINGS Sector Balance Sheets with Tangible Assets at Current Cost YEAR-END OUTSTANDINGS 1977 1978 1979 1980 1981 1982 1983 1984 32 33 L rge time deposits Fe"2 funds & security RP's 172,579 53,267 227,049 74,890 254,805 91,410 315,847 111,298 377,603 127,295 373,725 136,908 355,601 160,943 431,687 32 180,533 33 34 35 36 Life insurance reserves Pension fund reserves Interbank c2.aims, net 176,386 460,876 -17,321 187,257 532,798 -7,266 197,675 631,943 12,331 207,364 782,583 -16,130 216,308 855,173 -28,481 223,279 1023,570 -65,350 231,100 1204,404 -47,345 236,066 34 1306,692 35 -6,296 36 37 38 39 40 41 42 43 Mutual furd shares Credit market instruments Corporate bonds Mortgages Bank loans n.e.c. Open-market paper Other loans 45,354 161,535 63,677 2,428 26,034 49,223 20,173 45,783 197,980 71,154 1,960 28,339 63,857 32,670 51,160 232,315 78,979 1,950 27,727 81,821 41,838 63,455 245,160 80,815 1,910 26,856 86,616 48,963 63,833 286,759 84,332 1,930 27,740 107,563 65,194 89,451 300,805 93,983 2,043 29,618 109,160 66,001 129,291 318,460 102,802 2,068 29,454 125,183 58,953 161,158 373,862 121,284 1,996 30,412 145,549 74,621 44 45 46 Security debt Taxes payable Miscellaneous liabilities 24,871 3,846 235,483 24,907 4,739 272,177 25,971 4,997 314,082 32,002 3,607 347,303 34,472 2,043 396,916 38,096 1,994 424,010 41,879 2,003 479,027 47,096 44 1,863 45 563,106 46 47 Net worth Approximate share stock cos. 48 Approximate share other cos. 49 216,469 123,907 92,562 256,617 138,597 118,020 301,017 162,799 138,218 335,243 130,471 154,772 347,931 187,789 160,142 370,840 202,230 168,610 410,711 229,276 181,435 473,337 47 287,938 48 185,399 49 50 Memo: Market value of equities 183,049 189,525 221,775 249,677 260,523 304,553 340,605 357,631 50 DATA ARE IN MILLIONS OF DOLLARS. 37 38 39 40 41 42 43 OCTOBER 1985 All Sectors-Flows 56 ANNUAL FLOWS 720 All Sectors-Flows Stock-Flow Reconciliation for Consolidated Domestic Net Assets ANNUAL FLOWS 1946 1947 1948 1949 1950 1951 1952 1 Purchase of physical assets 2 - Capital consumption 3 = Net capital formation 46,407 23,703 22,704 54,383 28,806 25,577 68,710 33,286 35,424 60,324 36,222 24,102 84,569 39,485 45,084 88,994 45,719 43,275 81,257 49,783 31,474 1 2 3 4 + Net foreign investment 5 = Net investment flows by domestic sectors 4,329 27,033 9,853 35,430 3,108 38,532 1,297 25,399 -2,249 42,835 656 43,931 323 31,797 4 5 51,194 11,460 60,590 12,432 24,103 7,528 -11,516 5,531 42,628 22,194 32,168 16,359 3,781 11,224 -60 -87 -94 -103 -105 -120 138 Adjustments to net foreign investments 9 Reval. of net foreign claims 10 Reval. of SDR holdings -70 323 725 -24 1,532 -842 735 Foreign purchases of U.S. corporate equities - U.S. purchases of 12 foreign equities -64 -151 -144 -21 3 120 1 11 -15 15 -18 24 76 60 12 89,613 108,726 70,823 19,490 109,273 91,780 47,616 13 89,613 108,726 70,823 19,490 109,273 91,780 47,616 14 85,867 104,430 52,766 15,935 11,766 22,363 1,600 96,431 121,577 63,522 11,154 16,678 28,990 1,233 62,038 72,164 38,770 1,905 9,283 21,128 1,078 22,626 30,390 22,847 -2,319 -340 8,846 1,356 101,356 156,391 100,277 17,154 13,791 22,647 2,522 91,609 135,152 89,148 11,189 9,799 23,503 1,513 26,586 2,512 27,051 1,471 11,054 4,478 -2,496 349 29,744 3,650 20,205 1,655 1945 Domestic investment flows1 Adjustments for tangible assets; Revaluations of reproducible tangible assets Change in land values Less1 Adjustments of capital consumption to balance sheet basis 11 13 = Net change on consolidated domestic net worth By sector* 14 Totel, all sectors 15 Private sectors, consolidated 16 Sector basis, total 17 Households 18 Farm business .19 Nonfarr* noncorp. business 20 Nonfinpncial corp. business 21 Private finan. institutions 22 - Change in eq.in noncorp.bus. 23 Proprietors1 net i,.vest. - 54,557 72,831 53,279 -1,999 4,838 14,353 2,360 8 9 10 15 16 17 18 19 20 21 2,979 22 348 23 720 CONTINUED All Sectors-Flows OCTOBER 1985 All Scctors-Flow;; 57 ANNUAL FLOWS Stock- Flow Reconciliation for Consolidated Domestic Net Assets ANNUAL FLOWS 1952 1946 1947 1948 1949 1950 1951 24,074 25,580 6,576 -2,845 26,094 18,550 2,631 24 25 - Change in HH corp. equities 26 Net purchases 27 Revaluation -8,214 852 -9,066 -2,253 903 -3,156 -1,216 880 -2,096 7,754 368 7,386 23,944 438 23,506 22,493 1,529 20,964 13,686 25 1,111 26 12,575 27 28 - Change/fin.inat.corp.shares 29 Net purchases 30 Revaluation 191 338 -147 348 414 -66 288 361 -73 2,506 878 1,628 1,347 989 358 845 725 120 1,609 28 1,443 29 166 30 1,936 228 1,683 25 14,350 112 14,210 28 7,604 -1,048 8,644 8 -5,324 -1,764 -3,573 13 5,273 -1,991 7,238 26 4,180 -1,300 5,459 21 -7,028 -2,185 -4,874 31 -496 1,568 738 -1,514 -2,048 1,507 1,588 776 -1,183 -450 2,418 220 -1,400 1,193 2,851 -3,283 -2,679 1,953 -1,781 35 62 36 1,806 37 569,510 678,236 749,059 768,549 877,822 969,602 1017,218 38 209,845 233,054 259,504 258,316 286,457 330,765 347,967 39 1945 24 Revaluation of equity + Change in net finan. assets of 31 public sectors 32 State & local governments 33 U.S. Government 34 Sponsored credit agencies 35 36 37 38 + Other adjustments: Nonfinancial discrepancy Unallocated financial flows Unallocated revaluations Total domestic net assets at year end 39 Memo: Gross national product DATA ARE IN MILLIONS OF DOLLARS. 31 32 33 34 OCTOBER 1985 All Sectors-Flows 58 ANNUAL FLOWS 720 All Sectors-Flows Stock-Flow Reconciliation for Consolidated Domestic Net Assets ANNUAL FLOWS 1953 1954 1 Purchase of physical assets 2 - Capital consumption 3 = Net capital formation 85,848 53,344 32,504 84,555 57,429 27,126 4 + Net foreign investment 5 = Net investment flows by domestic sectors -1,729 30,775 1955 1956 1957 1958 106,998 61,220 45,778 108,909 68,033 40,876 108,522 73,353 35,169 98,673 76,753 21,920 120,555 80,041 40,514 118,992 82,313 36,679 1 2 3 -261 26,865 26 45,804 2,112 42,988 4,568 39,737 356 22,276 -1,879 38,635 1,803 38,482 4 5 Revaluations of reproducible 6 tangible assets 1,555 7 Change in land values 8,556 Less; Adjustments of capital consumption 8 to balance sheet basis -147 1,175 14,691 16,089 22,739 34,739 29,845 11,188 33,150 11,312 41,051 1,392 46,220 -3,662 30,916 6 7 -163 -217 -117 -206 -478 -264 16 8 Adjustments to net foreign investment; 9 Reval of net foraign claims 1,743 10 Reval. of SDR holdings 263 678 1,509 118 207 787 -976 Foreign purchases of U.S. corporate equities - U.S. purchases of 12 foreign equities 55 135 127 256 147 -54 351 203 11 -51 256 173 111 35 332 195 86 12 - Net change on consolidated 13 domestic net worth 42,882 43,036 85,481 109,343 84,511 74,938 87,454 64,861 13 By sector; 14 Total, all sectors 42,882 43,036 85,481 109,343 84,511 74,938 87,454 64,861 14 49,932 45,553 27,847 -2,088 4,718 13,328 1,748 52,053 132,365 112,331 1,660 3,339 0,957 5,078 82,763 149,148 109,325 1,395 9,127 25,549 3,752 108,657 148,293 94,131 8,023 12,787 30,785 2,567 86,538 59,367 17,251 7,789 3,374 29,772 1,181 92,028 225,667 172,957 12,447 9,830 24,976 5,457 94,858 140,293 94,582 3,020 10,251 28,820 3,620 2,776 72 4,883 -1,706 10,424 -2,129 20,248 -1,001 10,618 -310 21,406 261 13,059 -2,244 1959 1960 Domestic investment flows; Adjustments for tangible assets; 11 15 Private sectors, consolidated 16 Sector basis, total 17 Households 18 Farm business ,19 Nonfarm noncorp. business 20 Nonfinanejal corp. business 21 Private finan. institutions 22 - Change in eq.in noncorp.bus. 23 Proprietors 1 net invest. - 67,665 77,944 42,208 1,018 13,469 17,873 3,376 9 10 15 16 17 18 19 20 21 14,416 22 -1,395 23 ill OCTOBER 1985 All Sectors-Flows 59 ANNUAL FLOWS 720 CONTINUED All Sectors-Flows Stock-Flow Reconciliation for Consolidated Domestic Net Assets ANNUAL FLOWS 1953 1954 1955 1956 1957 1958 1959 2,704 6,589 12,553 21,249 10,928 21,145 15,303 15,811 24 25 - Change in HH corp. equities 26 Net purchases 27 Revaluation -8,230 566 -8,796 70,642 303 70,339 49,545 175 49,370 17,586 936 16,650 -37,373 474 -37,847 101,402 -49 101,451 26,103 -1,158 27,261 -7,742 25 -1,968 26 -5,774 27 28 - Change/fin.inst.corp.shares 29 Net purchases 30 Revaluation 1,075 1,296 -221 4,787 1,735 3,052 6,416 1,642 4,774 1,802 1,498 304 -416 2,194 -2,610 10,831 2,605 8,226 6,273 3,347 2,926 3,605 28 3,417 29 188 30 -8,440 -2,026 -6,431 17 -9,363 -3,904 -5,473 14 -572 -4,243 3,653 18 934 -3,363 4,284 13 -2,832 -4,328 1,458 38 -15,910 -4,797 -11,148 35 -6,710 -3,659 -3,081 30 -1,263 -3,223 1,929 31 -2,222 1,335 2,277 -2,045 494 1,897 -1,455 3,090 1,655 2,060 -434 -1,874 1,359 900 -1,454 -78 -953 -149 1,322 -263 -1,753 2,367 35 -1,223 36 -2,685 37 1060,100 1103,136 1188,617 1297,960 1382,471 1457,409 1544,863 1609,724 38 366,792 366,846 400,041 421,699 443,961 449,581 487,893 506,513 39 24 Revaluation of equity + Change in net finan. assets of 31 public sectors 32 State & local governments 33 U.S. Government 34 Sponsored credit agencies 35 36 37 38 + Other adjustments * Nonfinancial discrepancy Unallocated financial flows Unallocated revaluations Total domestic net assets at year end 39 Memos Gross national product DATA ARE IN MILLIONS OF DOLLARS. 1960 31 32 33 34 OCTOBER 1985 All Sectors-Flows 720 All Sectors-Flows Stock-Flow Reconciliation for Consolidated Domestic Net Assets 60 ANNUAL FLOWS ANNUAL FLOWS 1961 1962 1963 1964 1965 1966 1967 1968 Domestic investment flows* 1 Purchase of physical assets 2 - Capital consumption 3 = Net capital formation 116,350 *4,798 31,552 132,125 87,143 44,982 142,334 90,216 52,118 153,792 94,305 59,487 176,561 98,887 77,674 193,671 105,546 88,125 192,905 114,807 78,098 213,747 125,559 88,188 2,833 34,385 2,264 47,246 4,052 56,170 5,914 65,401 4,973 82,647 3,661 91,786 2,377 80,475 1,060 89,248 Revaluations of reproducible 6 tangible assets -2,213 7 Change in land values 42,025 Less; Adjustments of capital consumption 8 to balance sheet basis -14 -1,068 6,468 -8,382 5,253 11,172 11,994 9,209 15,477 41,389 16,796 34,360 16,703 80,553 23,843 6 7 -5 -13 -15 -212 8 Adjustments to net foreign investment: 140 9 Reval. of net foreign claims 10. Reval. of SDR holdings - -162 -1,733 -632 -347 4 + Net foreign investment 5 = Net investment flows by domestic sectors 1 2 3 Adjustments for tangible assets: Foreign purchases of U.S. corporate equities - U.S. purchases of 12 foreign equities 11 1,653 33 -1,175 - 9 10 323 109 225 -292 -400 -305 698 2,097 11 325 -25 111 210 298 -253 50 155 12 = Net change on consolidated 13 domestic net worth 74,349 52,623 51,435 89,715 106,670 148,748 131,569 195,451 13 By sector: 14 Total, all sectors 74,349 52,623 51,435 89,715 106,670 148,748 131,569 195,451 14 82,710 212,169 165,291 4,756 10,393 24,647 7,082 61,744 6 120 i i 432 5,226 4,751 3,920 2,655 54,232 148,031 132,059 5,829 3,134 2,972 4,037 95,385 167,557 137,554 6,112 6,674 10,898 6,319 108,395 206,687 162,561 13,059 6,134 19,458 5,475 150,863 107,308 55,955 8,011 12,962 28,373 2,007 150,454 327,547 273,233 9,586 4,932 32,039 7,757 206,482 385,016 315,443 10,797 15,085 34,059 9,632 14,816 588 9,611 826 8,555 2,053 12,359 -46 18,278 1,438 20,413 589 13,847 -1,054 15 Private sectors, consolidated 16 Sector basis, total 17 Households 18 Farm business .19 Nonfarm noncorp. business 20 Nonfinancial corp. business 21 Private finan. institutions 22 - Change in eq.in noncorp.bus. 23 Proprietors' net invest. 15 16 17 18 19 20 21 25,126 22 -1,831 23 # # # # # # # # # OCTOBER 1985 All Sectors-Flows # # 720 CONTINUED All Sectors-Flows Stock-Flow Reconciliation for Consolidated Domestic Net Assets ANNUAL FLOWS ANNUAL FLOWS 1961 1962 1963 1964 1965 1966 1967 14,228 8,785 6,502 12,405 16,840 19,824 14,901 26,957 24 25 - Change in HH corp. equities 26 Net purchases 27 Revaluation 99,497 -1,846 101,343 -61,767 -3,753 -58,014 72,516 -4,005 76,521 46,909 -2,177 49,086 64,787 -5,329 70,116 -59,593 -4,357 -55,236 135,349 -7,206 142,555 130,565 25 -12,304 26 142,869 27 28 - Change/fin.inst.corp.shares 29 Net purchases 30 Revaluation 15,146 4,403 10,743 -3,468 4,228 -7,696 12,728 3,889 8,839 12,904 3,996 8,908 15,227 6,026 9,201 -4,375 5,744 -10,119 27,897 9,035 18,862 22,843 28 10,829 29 12,014 30 4- Change in net finan. assets vf 31 public sectors 32 State & local governments 33 U.S. Government 34 Sponsored credit agencies -9,809 -4,068 -5,787 46 -7,734 -3,292 -4,497 55 -3,474 -2,019 -1,514 59 -6,737 -3,042 -3,744 49 -3,781 -2,905 -931 55 -5,657 -2,463 -3,240 46 -18,194 -4,803 -13,433 42 123 773 552 -2,135 -355 1,103 -1,733 1,491 919 -142 -35 1,244 1,213 1,592 -749 -1,376 -97 5,015 194 581 -1,466 2,110 35 4,521 36 -3,087 37 1684,073 1736,696 1788,131 1877,846 1984,516 2133,264 2264,833 2460,284 38 524,553 565,040 596,712 637,717 691,053 755,978 799,596 873,396 39 24 35 36 37 38 Revaluation of equity + Cther adjustments: I onfinancial discrepancy Unallocated financial flows Unallocated revaluations Total domestic net assets at year end 39 Memo t Gross national product DATA ARE IN MILLIONS OF DOLLARS. ill 1968 -14,575 -5,114 -9,476 15 31 32 33 34 Ill OCTOBER 1985 All Sectors-Flows 720 All Sectors-Flows Stock-Flow Reconciliation for Consolidated Domestic Net Assets 62 ANNUAL FLOWS ANNUAL FLOWS 1969 1970 1971 1972 1973 1974 1975 1976 Domestic investment flowst 1 Purchase of physical assets 2 - Capital consumption 3 = Net capital formation 235,018 139,435 95,583 229,427 153,270 76,157 263,670 167,184 96,486 306,140 182,935 123,205 353,127 199,395 153,732 350,165 229,081 121,084 338,285 265,039 73,246 414,695 291,883 122,812 1 2 3 -1,044 94,539 2,115 78,272 -11,211 85,275 -7,676 115,529 4,483 158,215 2,515 123,599 23,978 97,224 14,747 137,559 4 5 Revaluations of reproducible 6 tangible assets 92,519 7 Change in land values 21,682 Less* Adjustments of capital consumption 8 to balance sheet basis -222 86,759 15,864 81,159 26,652 108,251 74,130 235,415 125,769 413,900 101,734 181,067 105,521 225,643 143,244 6 7 -233 221 -2,383 -3,620 -639 -614 -861 8 Adjustments to net foreign investments 9 Reval. of net foreign claims 584 10 Reval. of SDR holdings — -2,213 867 -835 717 77 1,693 -2,810 1,382 -2,760 36 -1,170 -105 2,528 9 -18 10 1,565 697 836 2,434 2,763 539 4,667 2,753 11 467 68 27 -412 -199 -249 184 322 12 = Net change on consolidated 13 domestic net worth 210,644 180,411 193,556 304,909 524,553 637,936 387,634 512,248 13 By sector: 14 Total, al7 sectors 210,644 180,411 193,556 304,909 524,553 637,936 387,634 512,248 14 15 Private sectors, consolidated 16 Sector basis, total 17 Households 18 Farm business 19 Nonfarm noncorp. business 20 Nonfinancial corp. business p 21 rivate finan. institutions 207,467 117,638 35,558 8,880 14,156 55,043 4,001 200,403 208,633 141,371 5,987 10,090 43,387 7,798 224,387 390,400 304,346 18,234 8,289 44,118 15,413 316,318 494,992 356,993 34,020 20,888 65,661 17,430 525,971 410,129 160,481 76,147 44,509 119,371 9,621 682,049 521,613 171,432 29,582 62,473 253,663 4,463 461,978 741,881 533,310 59,062 28,293 114,077 7,139 567,104 825,741 580,452 71,579 43,737 110,615 19,358 22,414 -4,803 15,658 -4,419 25,247 -5,688 52,526 -14,269 115,326 -12,847 89,984 -17,995 83,221 -15,262 110,305 22 -24,945 23 4 + Net foreign investment 5 = Net investment flows by domestic sectors Adjustments for tangible assets * Foreign purchases of U.S. corporate equities - U.S. purchases of 12 foreign equities 11 22 - Change in eq.in noncorp.bus. 23 Proprietors" net invest. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis e • * • • # • • # # e 15 16 17 18 19 20 21 ill OCTOBER 1985 All Sectors-Flows 63 720 CONTINUED All Sectors-Flows Stock-Flow Reconciliation for Consolidated Domestic Met Assets ANNUAL FLOWS ANNUAL FLOWS 1969 1970 1971 1972 27,217 20,077 30,935 66,795 128,173 107,979 98,483 135,250 24 25 - Change in HH corp. equities 26 Net purchases 27 Revaluation -108,133 -8,566 -99,567 -16,758 -4,261 -12,497 95,557 -6,380 101,937 72,418 -5,350 77,768 -190,675 -5,947 -184,728 -195,762 -1,825 -193,937 140,528 -4,417 144,945 115,660 25 -2,610 26 118,270 27 28 - Change/fin.inst.corp.shares 29 Net purchases 30 Revaluation -4,110 12,211 -16,321 9,330 11,308 -1,978 45,209 19,228 25,981 53,730 16,711 37,019 -40,493 13,574 -54,067 -54,658 6,113 -60,771 56,154 10,658 45,496 32,672 28 12,917 29 19,755 30 24 Revaluation of equity 1973 1974 1975 1976 31 32 33 34 + Change in net finan. assets of public sectors State & local governments U.S. Government Sponsored credit agencies -3,539 -9,997 6,423 35 -17,098 -4,674 -12,441 17 -33,462 -10,051 -23,506 95 -16,850 134 -17,130 146 -3,168 2,677 -6,106 261 -18,382 -6,898 -11,952 468 -85,757 -11,263 -74,765 271 35 36 37 + Other adjustments: Nonfinancial discrepancy Unallocated financial flows Unallocated revaluations 3,881 6,202 -3,367 1,493 194 -4,581 -4,474 2,758 4,347 -2,978 -1,308 9,727 -719 -1,369 3,838 -3,728 4,285 -26,288 -5,477 10,099 6,791 -5,099 35 8,733 36 1,440 37 2670,928 2851,339 3044,895 3349,804 3874,357 4512,293 4899,927 5412,175 38 944,001 992,737 1077,623 1185,946 1326,396 1434,212 1549,212 1718,017 39 38 Total domestic net assets at year end 39 Memo* Gross national product DATA ARE IN MILLIONS OF DOLLARS. -59,930 -2,637 -57,624 331 31 32 33 34 720 All Sectors-Flows OCTOBER 1985 All Sectors-Flows 64 ANNUAL FLOWS Stock-Flow Reconciliation for Consolidated Domestic Net Assets ANNUAL FLOWS 1977 1978 1979 1980 1981 1982 1983 1984 Domestic :nvestment flows* 1 Purchase of physical assets 2 - Capital consumption 3 = Net capital formation 502,271 323,789 178,482 586,807 365,951 220,856 636,471 416,975 219,496 616,603 475,121 141,482 719,569 526,612 192,957 659,997 568,458 91,539 751,447 595,437 156,010 956,605 636,853 319,752 1 2 3 4 + Net foreign investment 5 = Net investment flows by domestic sectors -16,524 161,958 -2,838 218,018 24,528 244,024 26,715 168,197 27,302 220,259 24,772 116,311 -29,278 126,732 -76,872 242,880 4 5 Revaluations of reproducible 6 tangible assets 344,131 7 Change in land values 285,056 Less* Adjustments of capital consumption 8 to balance sheet basis -261 509,117 355,811 490,832 386,592 547,267 407,829 422,879 370,007 126,792 146,855 163,021 140,656 82,953 22,328 6 7 -106 134 -342 710 780 -1,034 -65,682 8 Adjustments to net foreign investment* 9 Reval. of net foreign claims -3,334 10 Revai. of SDR holdings 106 4,672 67 -1,922 539 -10,303 1,017 5,756 768 -9,495 -266 2,588 -288 -2,465 9 -366 10 Foreign purchases of U S . corporate equities - U.S. purchar.es of 12 foreign equities 2,675 2,422 1,659 5,357 5,761 3,904 5,430 -2,694 11 409 -527 786 2,084 266 1,471 3,982 1,088 12 790,444 1090,740 1120,804 1117,622 1024,454 381,850 435,191 407,230 13 790,444 1090,740 1120,804 1117,622 1024,454 381,850 435,191 407,230 14 835,748 936,189 558,021 53,446 103,009 195,030 26,683 1104,749 1381,333 886,068 110,685 143,439 200,993 40,148 1141,911 1580,271 987,070 107,918 147,219 293,664 44,400 1213,687 1837,025 1253,038 81,823 170,762 297,17t 34,226 1091,398 1211,974 787,952 -10,669 197,860 224,143 12,688 536,026 812,068 649,804 -46,514 115,254 70,615 22,909 615,439 959,437 743,853 -14,145 76,533 113,325 39,871 152,714 -25,039 246,376 -25,110 247,583 -26,096 246,857 -41,622 187,938 -25,141 71,996 -30,405 63,378 -66,385 Adjustments for tangible assets* 11 13 = Net change on corsolidated domestic net worth By sector* 14 Total, all sectors 15 Private sectors, consolidated 16 Sector basis, total 17 Households 18 Farm business _19 Nonfarm noncorp. business 20 Nonfinancial corp. business 21 Private finan. institutions 22 - Change in eq.in noncorp.bus. 23 Proprietors' net invest. 638,390 612,469 535,208 -104,226 69,805 49,056 62,626 15 16 17 18 19 20 21 -27,125 22 -57,038 23 720 CONTINUED All Sectors-Flows OCTOBER 1985 All Sectors-Flows 65 ANNUAL FLOWS Stock-Flow Reconciliation for Consolidated Domestic Net Assets ANNUAL FLOWS 1977 1978 1979 1980 1981 1982 1983 1984 177,753 271,486 273,679 288,479 213,079 102,401 129,763 29,913 24 25 - Change in HH corp. equities 26 Net purchases 27 Revaluation -41,461 -4,848 -36,613 17,108 -5,335 22,443 145,919 -18,862 164,781 283,845 -13,490 297,335 -54,172 -35,980 -18,192 115,145 -24,123 139,268 140,176 -26,840 167,016 4,063 25 -79,249 26 83,312 27 28 - Change/fin.inst.corp.shares 29 Net purchases 30 Revaluation -10,812 7,808 -18,620 13,100 4,672 8,428 44,858 12,875 31,983 92,636 24,885 67,751 -13,190 20,927 -34,117 88,901 37,078 51,823 140,444 56,362 84,082 -2,859 28 11,124 29 -13,983 30 -45,341 10,281 -55,977 355 -33,129 4,822 -38,471 520 -25,165 -258 -25,463 556 -68,136 -2,906 -65,567 337 -73,451 3,835 -77,784 498 -153,871 1,277 -156,255 1,107 -185,029 7,347 -193,443 1,067 -1,349 69 1,317 2,489 14,758 1,873 1,490 5,378 -2,810 -2,295 -18,912 -6,722 -5,643 3,916 8,234 488 14,231 -15,024 -478 2,760 2,499 7,413 35 -4,614 36 -51,252 37 6202,619 7293,359 8414,163 9531,785 10556,239 10938,089 11373,280 11780,510 38 1918,324 2163,864 2417,759 2631,686 2957,749 3069,251 3304,794 3662,825 39 24 Revaluation of equity 31 32 33 34 Change in net finan. assets of public sectors State & local governments U.S. Government Sponsored credit agencies 35 36 37 + Other adjustments* Nonfinancial discrepancy Unallocated financial flows Unallocated revaluations + 38 Total domestic net assets at year end 39 Memo; Gross national product DATA ARE IN MILLIONS OF DOLLARS. -182,707 9,711 -193,285 867 31 32 33 34 in OCTOBER 1985 Sector Flow Summaries 721 Sector Flow Summaries Stock-Flow Reconciliation Items 66 ANNUAL FLOWS ANNUAL FLOWS 1947 1948 1949 1950 1951 1952 54,383 29,850 1,581 5,443 17,260 249 68,710 35,386 6,004 6,654 20,313 353 60,324 37,302 3,627 4,246 14,792 357 84,569 46,890 5,248 8,001 24,036 394 88,994 46,486 5,793 6,053 30,231 431 81,257 45,597 5,190 5,266 24,648 556 7 Capital consumption 8 Households 9 Farm business 10 Nonfarm noncorp. business 11 Nonfinancial corp. bus. 12 Private finan. insts. 28,806 14,096 1,477 3,843 9,241 149 33,286 16,124 1,794 4,369 10,826 173 36,222 17,707 2,048 4,618 11,663 186 39,485 19,554 2,285 4,892 12,551 203 45,719 22,668 2,664 5,560 14,587 240 49,783 7 24,985 8 2,913 9 5,902 10 15,724 11 259 12 13 Net capital formation 14 Households 15 Farm business 16 Nonfarm noncorp. business 17 Nonfinancial corp. bus. 18 Private finan. insts. 25,577 15,754 104 1,600 8,019 100 35,424 19,262 4,210 2,285 9,487 180 24,102 19,595 1,579 -372 3,129 171 45,084 27,336 2,963 3,109 11,485 191 43,275 23,818 3,129 493 15,644 191 31,474 20,612 2,277 -636 8,924 297 1 Purchases of physical assets 2 Households 3 Farm business 4 Nonfarm noncorp. business 5 Nonfinancial corp. bus. Private finan insts. 6 1 2 3 4 5 6 13 14 15 16 17 18 19 Net foreign investment Net financial investments 20 Private sectors 21 Households 22 Farm business 23 Nonfarm noncorp. business 24 Nonfinancial corp. bus. 25 Private finan. insts. 9,853 3,108 1,297 -2,249 656 -2,460 4,265 -56 -1,600 -5,773 704 -5,337 4,951 -4,171 -2,285 -4,774 942 4,090 1,280 -1,558 372 3,093 903 -8,732 3,249 -2,932 -3,109 -7,686 1,746 -864 10,837 -3,133 -493 -8,820 745 7,290 10,734 -2,311 636 -3,420 1,651 20 21 22 23 24 25 26 27 28 29 30 14,361 112 14,215 28 6 7,669 -1,048 8,657 I 52 -5,211 -1,764 -3,494 13 34 5,290 -1,991 7,270 26 -15 4,199 -1,300 5,448 21 30 -7,029 -2,185 -4,919 31 44 26 27 28 29 30 -2,048 776 2,418 1,193 -2,679 62 31 60,590 17,850 9,100 24,103 8,614 -2,339 -11,516 -4,648 -3,683 42,628 14,860 6,088 32,168 12,661 2,611 3,781 32 2,960 33 -4,010 34 ^31 Public sectors State & local governments U.S. Government Sponsored credit agencies Monetary authority Unallocated financial flows 32 Reval. of physical assets 33 Households 34 Farm business 323 19 1)1 OCTOBER 1985 Sector Flow Summaries 721 CONTINUED Sector Flow Summaries 67 Sector Detail On Stock-Flow Reconciliation Items ANNUAL FLOWS ANNUAL FLOWS 1945 1946 1947 1948 1949 1950 1951 35 Nonfarm noncorp. business 36 Nonfinancial corp. bus. 37 - Inventory valuation adj. 38 Private finan. insts. 10,460 13,870 -5,263 276 12,457 15,047 -5,899 237 6,048 9,659 -2,152 -31 -1,923 725 1,856 -131 7,812 8,804 -4,965 99 6,902 8,731 -1,199 64 2,485 3,390 981 -63 35 36 37 38 39 Revaluations by type of asset 40 Residential structures 41 Plant and equipment 42 Inventories 43 Consumer durables 51,194 18,506 19,149 13,258 281 60,590 25,677 20,024 13,105 1,784 24,103 12,215 11,356 -325 857 -11,516 -6,449 1,584 -6,158 -493 42,628 17,520 11,957 10,828 2,323 32,168 12,300 12,994 2,308 4,566 3,781 3,907 4,736 -5,644 782 39 40 41 42 43 44 Change in land values 45 Households 46 Farm business 47 Nonfarm noncorp. business 48 Nonfinancial corp. business 49 Private finan. insts. 11,460 1,415 4,540 1,829 3,626 50 12,432 3,517 1,546 3,035 4,299 35 7,528 1,741 1,031 1,740 3,029 -13 5,531 1,139 887 1,478 2,045 -18 22,194 5,490 9,510 3,638 3,512 44 16,359 2,785 7,016 2,564 3,952 42 11,224 4,080 784 2,994 3,309 57 44 45 46 47 48 49 50 Adj. to capital consumption 51 Households 52 Farm business 53 Nonfarm noncorp. business 54 Nonfinancial corp. business 55 Private finan. insts. -60 142 102 -231 -73 -87 171 82 -257 -83 -94 185 90 -283 -87 1 -103 188 92 -300 -83 -105 193 99 -315 -81 -1 -120 207 103 -346 -84 -138 212 102 -371 -81 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 e 67 Memo* Total gross domestic investment, flow of funds basis Private sectors Households Farm business Nonfarm noncorp. business Nonfinancial corp. busines Private finan. institution Publiv sectors State & local governments U.S. Government Sponsored credit agencies Monetary authority DATA ARE IN MILLIONS OF DOLLARS. - 1952 - 49,168 47,952 36,252 1,237 3,118 6,167 1,178 66,284 51,923 34,115 1,525 3,843 11,487 953 71,042 63,373 40,337 1,833 4,369 15,539 1,295 59,203 64,414 38,582 2,069 4,618 17,885 1,260 81,127 75,837 50,139 2,316 4,892 16,350 2,140 92,329 88,130 57,323 2,660 5,560 21,411 1,176 81,518 88,547 56,331 2,879 5,902 21,228 2,207 56 57 58 59 60 61 62 1,216 228 881 25 82 14,361 112 14,215 28 6 7,669 -1,048 8,657 8 52 -5,211 -1,764 -3,494 13 34 5,290 -1,991 7,270 26 -15 4,199 -1,300 5,448 -7,029 -2,185 -4,919 31 44 63 64 65 66 67 21 30 OCTOBER 1985 Sector Flow Summaries 721 Sector Flow Summaries Sector Detail On Stock-Flow Reconciliation Items 68 ANNUAL FLOWS ANNUAL FLOWS 1953 1954 85,848 50,291 3,799 5,668 25,658 432 84,555 50,575 4,487 5,926 22,914 653 7 Capital consumption S Households 9 Farm business 10 Nonfarm noncorp. business 11 Nonfinancial corp. bus. 12 Private finan. insts. 53,344 27,118 3,076 6,138 16,734 278 13 Net capital formation 14 Households 15 Farm business 16 Nonfarm noncorp. business 17 Nonfinancial corp. bus. 18 Private finan. insts. 19 Net foreign investment Net financial investment* 20 Private sectors 21 Households 22 Farm business 23 Nonfarm noncorp. business 24 Nonfinancial corp. bus. 25 Private finan. insts. 26 27 28 29 30 1 Purchases of physical assets 2 Households 3 Farm business 4 Nonfarm noncorp. business 5 Nonfinancial corp. bus. 6 Private finan. insts. _31 Public sectors State & local governments U.S. Government Sponsored credit agencies Monetary authority Unallocated financial flows 32 Reval. of physical assets 33 Households 34 Farm business 1955 1956 1957 1958 106,998 61,780 4,347 7,523 32,601 747 1(8,909 60.622 3,317 7,402 36,816 752 108,522 60,177 4,358 8,247 34,877 863 98,673 57,207 5,196 7,711 27,693 866 120,555 67,166 4,609 10,714 37,043 1,023 57,429 29,751 3,184 6,384 17,817 293 61,220 31,874 3,285 6,724 19,015 322 68,033 35,319 3,499 7,187 21,662 366 73,353 37,984 3,598 7,678 23,687 406 76,753 39,894 3,651 8,125 24,656 427 80,041 42,070 3,723 8,101 25,690 457 82,313 7 43,426 8 3,746 9 8,012 10 26,638 11 491 12 32,504 23,173 723 -470 8,924 154 27,126 20,824 1,303 -458 5,097 360 45,778 29,906 1,062 799 13,586 425 40,876 25,303 -182 215 15,154 386 35,169 22,193 760 569 11,190 457 21,920 17,313 1,545 -414 3,037 439 40,514 25,096 886 2,613 11,353 566 36,679 23,489 552 1,472 10,850 316 -1,729 -261 26 2,112 4,568 356 -1,879 1,803 19 6,714 9,348 -779 470 -3,833 1,508 8,564 7,426 1,324 458 -815 2,819 -2,808 4,235 -1,104 -799 -6,680 1,540 1,927 11,971 126 -215 -11,392 1,437 6,361 14,406 -825 -569 -7,661 1,010 17,125 16,848 -1,593 414 -867 2,323 5,143 12,956 -940 -2,613 -6,051 1,791 4,509 20 13,284 21 -1,472 23 -9,322 24 2,627 25 -9,778 -2,026 -7,810 17 41 -9,319 -3,904 -5,466 14 37 -256 -4,243 3,937 18 32 619 -3,363 3,916 13 53 -2,693 -4,328 1,528 38 69 -15,816 -4,797 -11,113 35 59 -6,759 -3,659 -2,938 30 -192 -1,483 -3,223 1,680 31 29 1,335 494 3,090 -434 900 -953 -263 -1,223 31 1,555 -2,130 -1,392 1,175 264 -1,766 16,089 1,934 -2,329 34,739 8,630 2,315 11,188 -329 2,298 11,312 3,046 3,091 1,392 -1,376 -714 -3,662 32 -4,152 33 726 34 1959 1960 118,992 66,915 4,298 9,484 37,488 807 1 2 3 4 5 6 13 14 15 16 17 18 -608 22 26 27 28 29 30 e # # 721 CONTINUED Sector Flow Summaries OCTOBER 1985 Sector Flow Summaries , 69 ANNUAL FLOWS Sector Detail On Stock-Flow Reconciliation Items ANNUAL FLOWS 1959 2,669 5,170 -1,539 -159 2,351 2,744 -255 -175 420 2,892 -277 -107 1,228 -1,512 -173 -125 35 36 37 38 34,739 5,750 18,815 4,834 5,340 11,188 -283 6,712 3,524 1,235 11,312 296 3,867 4,020 3,129 1,392 231 2,378 -319 -898 -3,662 19 -2,184 1,041 -2,538 39 40 41 42 43 22,739 8,331 4,278 4,805 5,219 106 29,845 10,392 7,030 5,648 6,621 154 33,150 10,194 6,158 52 16,665 81 41,051 7,723 9,348 6,632 17,242 106 46,220 13,028 5,901 9,531 17,571 189 30,916 -134 1,360 12,471 17,135 84 44 45 46 47 48 49 -217 221 101 -464 -75 -117 229 95 -365 -77 1 -206 231 102 -465 -74 -478 234 99 -739 -72 -264 239 96 -527 -73 1 16 243 94 -247 -74 50 51 52 53 54 55 1956 1957 2,348 73 -318 -62 5,576 9,102 -1,736 70 6,604 14,375 -2,693 122 1,555 27 2,049 464 -985 1,175 3,982 641 -1,132 -2,316 16,089 7,427 12,230 -579 -2,989 44 Change in land values He useholds 45 F< rm business 46 Nonfarm noncorp. business 47 Nonfinancial corp. business 48 Private finan. insts. 49 8,556 3,949 -1,617 3,071 3,149 4 14,691 5,612 3,124 2,716 3,171 68 50 Adj. to capital consumption Households 51 Farm business 52 Nonfarm noncorp. business 53 Nonfinancial corp. business 54 Private finan. insts. 55 -147 214 96 -379 -77 -1 -163 215 101 -404 -75 1954 Nonfarm noncorp. business 35 Nonfinancial corp. bus. 36 . 37 - Inventory valuation Private finan. insts. 38 2,268 1,899 -997 -87 39 Revaluations by type of asset Residential structures 40 Plant and equipment 41 Inventories 42 Consumer durables 43 56 57 58 59 60 61 62 63 64 65 66 67 1960 1958 1955 1953 - - - Memo: Total gross domestic investment, 82,784 flow of funds basis 92,562 Private sectors 59,639 Households 3,020 Farm business 6,138 Nonfarm noncorp. business 21,825 Nonfinancial corp. busines 1,940 Private finan. institution 83,800 93,119 58,001 3,163 6,384 22,099 3,472 103,934 104,190 66,015 3,243 6,724 25,921 2,287 111,455 110,836 72,593 3,443 7,187 25,424 2,189 112,190 114,883 74,583 3,533 7,678 27,216 1,873 99,982 115,798 74,055 3,603 8,125 26,826 3,189 118,939 125,698 80,122 3,669 8,101 30,992 2,814 122,018 123,501 80,199 3,690 8,012 28,166 3,434 56 57 58 59 60 61 62 -9,778 -2,026 -7,810 17 41 -9,319 -3,904 -5,466 14 37 -256 -4,243 3,937 18 32 619 -3,363 3,916 13 53 -2,693 -4,328 1,528 38 69 -15,816 -4,797 -11,113 35 59 -6,759 -3,659 -2,938 30 -192 -1,483 -3,223 1,680 31 29 63 64 65 66 67 Public sectors State & local governments U.S. Government Sponsored credit agencies Monetary authority DATA ARE IN MILLIONS OF DOLLARS. http://fraser.stlouisfed.org/ Ill Reserve Bank of St. Louis Federal Ill OCTOBER 1985 Sector Flow Summaries 721 Sector Flow Summaries Stock-Flow Reconciliation Items 70 ANNUAL FLOWS ANNUAL FLOWS 1963 1 Purchases of physical assets 2 Households 3 Farm business 4 Nonfarm noncorp. business 5 Nonfinancial corp. bus. Private finan. insts. 6 1964 1965 1966 1967 1968 142,334 76,045 5,778 14,460 44,705 1,346 153,792 82,367 4,617 15,285 50,093 1,430 176,561 89,406 6,592 17,712 60,974 1,877 193,671 94,164 5,971 16,630 74,658 2,248 192,905 94,922 7,346 15,883 72,186 2,568 213,747 110,179 6,277 18,235 74,061 4,995 7 Capital consumption 8 Households Farm business 9 10 Nonfarm noncorp. business 11 Nonfinancial corp. bus. 12 Private finan. insts. 90,216 48,002 3,866 8,549 29,230 569 94,305 50,244 3,977 8,857 30,593 634 98,887 52,243 4,162 9,281 32,481 720 105,546 55,007 4,442 9,902 35,350 845 114,807 59,870 4,758 10,574 38,603 1,002 125,559 7 65,383 8 5,097 9 11,589 10 42,270 11 1,220 12 13 Net capital formation 14 Households 15 Farm business 16 Nonfarm noncorp. business 17 Nonfinancial corp. bus. 18 Private finan. insts. 52,118 28,043 1,912 5,911 15,475 777 59,487 32,123 640 6,428 19,500 796 77,674 37,163 2,430 8,431 28,493 1,157 88,125 39,157 1,529 6,728 39,308 1,403 78,098 35,052 2,588 5,309 33,583 1,566 88,188 44,796 1,180 6,646 31,791 3,775 1 2 3 4 5 6 13 14 15 16 17 18 19 Net foreign investment Net financial investment: 20 Private sectors 21 Households 22 Farm business 23 Nonfarm noncorp. business 24 Nonfinancial corp. bus. 25 Private finan. insts. 4,052 5,914 4,973 3,661 2,377 5,545 18,775 -2,053 -5,911 -6,279 1,013 12,823 24,696 -677 -6,428 -7,267 2,499 6,811 27,775 -2,414 -8,431 -11,571 1,452 7,695 33,241 -1,481 -6,728 -18,421 1,084 20,229 41,811 -2,587 -5,309 -14,827 1,141 11,180 35,184 -1,198 -6,646 -17,927 1,767 20 21 22 23 24 25 26 27 28 29 30 -2,984 -2,019 -1,079 59 55 -6,874 -3,042 -3,414 49 -467 -3,430 -2,905 -606 55 26 -3,937 -2,463 -1,538 46 18 -18,433 -4,789 -13,714 42 28 -14,641 -5,010 -9,667 15 21 26 27 28 29 30 1,491 -35 1,592 -97 581 4,521 31 -8,382 -6,836 -751 11,172 4,842 -76 9,209 -2,913 3,472 41,389 17,944 1,955 34,360 15,984 873 80,553 32 42,253 33 4,225 34 _31 Public sectors State & local governments U.S. Government Sponsored credit agencies Monetary authority Unallocated financial flows 32 Reval. of physical assets 33 Households 34 Farm business 1,060 19 OCTOBER 1935 Sector Flow Summaries 72 ANNUAL FLOWS 721 Sector Flow Summaries Sector Detail On Stock-Flow Reconciliation Items ANNUAL FLOWS 1969 1970 1971 1972 1973 1974 1975 1976 235,018 117,857 6,761 21,764 83,624 5,012 229,427 115,680 7,159 21,844 79,650 5,094 263,670 136,266 8,546 28,091 85,277 5,490 306,140 159,372 8,263 33,810 98,137 6,558 353,127 176,829 13,162 37,111 118,308 7,717 350,165 171,908 10,237 28,633 131,395 7,992 338,285 183,768 17,319 21,225 108,373 7,600 414,695 226,325 12,856 23,411 144,345 7,758 7 Capital consumption 8 Households 9 Farm business 10 N nfarm noncorp. business 11 Nonfinancial corp. bus. 12 Private finan. insts. 139,435 72,906 5,507 12,779 46,705 1,538 153,270 79,789 5,905 13,903 51,776 1,897 167,184 86,689 6,188 15,232 56,813 2,262 182,935 94,272 6,775 17,231 62,015 2,642 199,395 103,272 7,359 18,419 67,213 3,132 229,081 116,743 8,539 21,254 78,659 3,886 265,039 132,249 10,106 24,238 93,829 4,617 291,883 7 145,856 8 11,142 9 26,224 10 103,570 11 5,091 12 13 Net capital formation 14 Households 15 Farm business 16 Nonfarm noncorp. business 17 Nonfinancial corp. bus. 18 Privata finan. insts. 95,583 44,951 1,254 8,985 36,919 3,474 76,157 35,891 1,254 7,941 27,874 3,197 96,486 49,577 2,358 12,859 28,464 3,228 123,205 65,100 1,488 16,579 36,122 3,916 153,732 73,557 5,803 18,692 51,095 4,585 121,084 55,165 1,698 7,379 52,736 4,106 73,246 51,519 7,213 -3,013 14,544 2,983 19 Net foreign investment Net financial investment t 20 Private sectors 21 Households 22 Farm business 23 Nonfarm noncorp. business 24 Nonfinancial corp. bus. 25 Private finan. insts. -1,044 2,115 -11,211 -7,676 4,483 2,515 23,978 -3,818 26,532 -1,289 -8,985 -19,477 -599 20,928 50,457 -1,379 -7,941 -21,800 1,591 20,546 46,007 -2,512 -12,859 -15,102 5,012 12,541 43,774 -1,525 -16,579 -16,462 3,333 9,739 59,525 -5,456 -18,692 -30,266 4,628 11,766 72,165 -1,819 -7,379 -52,495 1,294 99,063 100,070 -7,110 3,013 3,931 -841 66,877 82,569 -1,781 2,813 -23,305 6,581 20 21 22 23 24 25 -3 128 -9,997 6,494 35 40 -19,007 -4,766 -14,279 17 21 -34,515 -10,051 -24,499 95 -60 -18,909 134 -19,290 146 101 -3,887 1,781 -6,061 261 132 -13,536 -6,898 -7,236 468 130 -85,184 -11,263 -74,428 271 236 -60,863 -2,637 -58,605 331 48 26 27 28 29 30 6,202 194 2,758 -1,308 -1,369 4,285 10,099 8,733 31 92,519 36,483 7,101 86,759 36,543 1,864 81,159 37,099 6,510 108,251 51,943 14,094 235,415 97,399 25,817 413,900 140,825 14,802 181,067 75,070 4,519 225,643 32 107,409 33 7,341 34 1 Purchases of physical assets Households 2 3 Farm business 4 Nonfarm noncorp. business 5 Nonfinancial corp. bus. 6 Private finan. insts. 26 27 28 29 30 ,31 Public sectors State & local governments U.S. Government Sponsored credit agencies Monetary authority Unallocated financial flows 32 Reval. of physical assets 33 Households 34 Farm business III 122,812 80,469 1,714 -2,813 40,775 2,667 1 2 3 4 5 6 13 14 15 16 17 18 14,747 19 Ill OCTOBER 1985 Sector Flow Summaries 7i ANNUAL FLOWS 721 CONTINUED Sector Flow Summaries Sector Detail On Stock-Flow Reconciliation Items ANNUAL FLOWS 1961 35 Nonfarm noncorp. business 36 Nonfinancial corp. bus. 37 - Inventory valuation adj. 38 Private finan. insts. 1962 1963 1966 1967 1968 2,134 3,582 -494 196 924 6,208 -1,245 273 6,788 12,139 -2,107 456 3,898 11,544 -1,554 507 12,520 18,053 -3,651 -149 35 36 37 38 -8,382 -9,216 2,520 -177 -1,509 11,172 10,529 4,713 172 -4,242 9,209 4,126 9,055 4,450 -8,422 41,389 22,640 16,943 2,771 -965 34,360 12,234 17,230 1,693 3,203 80,553 45,365 25,025 6,187 3,976 39 40 41 42 43 6,468 5,570 5,222 2,210 -6,685 151 5,253 2,719 8,211 1,821 -7,588 90 11,994 7,903 8,036 2,590 -6,740 205 15,477 6,941 10,815 2,352 -4,953 322 16,796 10,313 8,011 3,329 -5,198 341 16,703 7,885 8,959 1,599 -2,130 390 23,843 15,221 6,700 3,833 -2,187 276 44 45 46 47 48 49 -5 259 83 -267 -80 -13 268 91 -288 -84 3 280 91 -279 -88 -1 -2 298 91 -293 -99 1 -4 321 91 -306 -110 -15 344 94 -329 -123 -1 -212 369 94 -546 -129 - 50 51 52 53 54 55 , 783 358 26 -225 -2,427 1,772 54 -86 39 Revaluations by type of asset 40 Residential structures 41 Plant and equipment 42 Inventories 43 Consumer durables -2,213 -518 349 -358 -1,686 -1,06% 16% 1,533 416 -3,186 44 Change in land values 45 Households 46 Farm business 47 Nonfarm noncorp. business 48 Nonfinancial corp. business 49 Private finan. insts. 42,025 8,681 5,728 8,501 18,956 159 50 Adj. to capital consumption 51 Households 52 Farm business 53 Nonfarm noncorp. business 54 Nonfinancial corp. business 55 Private finan. insts. -14 249 94 -281 -77 1 56 57 58 59 60 61 62 63 64 65 66 -67 Memo: Total gross domestic investment, flow of funds basis 118,410 Private sectors 128,013 Households 80,905 Farm business 3,706 Nonfarm noncorp. business 8,182 Nonfinancial corp. busines 31,133 Private finan. institution 4,087 Public sectors State 8 local governments U.S. Government Sponsored credit agencies Monetary authority DATA ARE IN MILLIONS OF DOLLARS. -9,603 -4,068 -5,648 46 67 1964 1965 170 62 271 -173 — - 134,744 142,834 88,318 3,785 8,340 38,202 4,189 144,895 147,879 94,820 3,725 8,549 38,426 2,359 159,741 166,615 107,063 3,940 8,857 42,826 3,929 179,942 183,372 117,181 4,178 9,281 49,403 3,329 197,429 201,366 127,405 4,490 9,902 56,237 3,332 194,701 213,134 136,733 4,759 10,574 57,359 3,709 210,286 226,257 145,363 5,079 11,589 57,464 6,762 56 57 58 59 60 61 62 -8,090 -3,292 -4,899 55 46 -2,984 -2,019 -1,079 59 55 -6,874 -3,042 -3,414 49 -467 -3,430 -2,905 -3,937 -2,463 -1,538 46 18 -18,433 -4,789 -13,714 42 28 -15,971 -5,010 -10,997 15 21 63 64 65 66 67 -606 55 26 # e * 721 CONTINUED Sec;tor Flow Summaries OCTOBER 1985 Sector Flow Summaries 73 ANNUAL FLOWS Sector Detail On Stock-Flow Reconciliation Items ANNUAL FLOWS 1969 1970 1971 1972 1973 1974 1975 1976 35 Nonfarm noncorp. business 36 Nonfinancial corp. bus. 37 - Inventory valuation adj. 38 Private finan. insts. 13,183 28,518 -5,870 1,364 11,441 28,960 -6,552 1,399 10,271 21,579 -4,584 1,116 12,799 21,664 -6,610 1,141 26,958 61,516 -19,962 3,763 49,287 162,029 -39,959 6,998 21,507 67,716 -11,569 686 35,943 58,935 -14,679 1,336 35 36 37 38 39 Revaluations by type of asset 40 Residential structures 41 Plant and equipment 42 Inventories 43 Consumer durables 92,519 34,838 43,166 11,260 3,255 86,759 28,241 44,129 6,162 8,227 81,159 42,234 34,008 9,174 -4,257 108,251 58,542 35,963 17,715 -3,969 235,415 102,100 79,106 50,537 3,672 413,900 103,256 206,531 62,469 41,644 181,067 70,752 75,210 11,978 23,127 225,643 124,835 66,912 22,382 11,514 39 40 41 42 43 44 Change in land values 45 Households 46 Farm business 47 Nonfarm noncorp. business 48 Nonfinancial corp. business 49 Private finan. insts. 21,682 14,729 2,746 4,350 -813 670 15,864 12,370 4,303 2,501 -3,873 563 26,652 17,417 13,394 2,801 -7,216 256 74,130 25,877 23,947 17,006 6,507 793 125,769 36,997 53,448 22,869 11,501 954 101,734 36,254 20,647 24,471 18,818 1,544 105,521 22,004 55,373 21,943 6,352 -151 143,244 41,446 72,189 23,919 5,187 503 44 45 46 47 48 49 50 Adj. to capital consumption 51 Households Farm business 52 53 Nonfarm ncncorp. business Nonfinancial corp. business 54 55 Private finan. insts. -222 406 100 -592 -136 -233 420 101 -613 -141 221 1,037 102 -728 -190 -2,383 -158 82 -1,514 -793 -3,620 508 -6 -3,692 -430 -639 557 108 -956 -349 1 -614 603 106 -896 -426 -1 -861 644 92 -1,027 -570 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 _67 Memo: Total gross domestic investment, flow of funds basis 227,772 Private sectors 231,244 Households 144,389 Farm business 5,472 Nonl*c.rm noncorp. business 12,779 Nonfinancial corp. busines 64,191 Private finan. institution 4,413 Public sectors State & local governments U.S. Government Sponsored credit agencies Monetary authority DATA ARE IN MILLIONS OF DOLLARS. http://fraser.stlouisfed.org/ m Reserve Bank of St. Louis Federal -3,472 -9,997 6,450 35 40 " 231,348 250,684 166,137 5,780 13,903 58,179 6,685 249,701 284,933 182,273 6,034 15,232 70,892 10,502 299,772 319,593 203,146 6,738 17,231 82,587 9,891 358,979 366,034 236,354 7,706 18,419 91,210 12,345 348,395 368,421 244,073 8,418 21,254 85,390 9,286 352,164 438,671 283,838 10,209 24,238 113,627 6,759 420,709 485,545 308,894 11,075 26,224 125,013 14,339 56 57 58 59 60 61 62 -19,336 -4,766 -14,608 17 21 -35,232 -10,051 -25,216 95 -60 -19,821 134 -20,202 146 101 -7,055 1,781 -9,229 261 132 -20,026 -6,898 -13,726 468 130 -86,507 -11,263 -75,751 271 236 -64,836 -2,637 -62,578 331 48 63 64 65 66 67 OCTOBER 1985 Sector Flow Summaries 74 ANNUAL FLOWS 721 Sector Flow Summaries Stock-Flow Reconciliation Items ANNUAL FLOWS 1979 1980 1981 636,471 328,006 27,237 52,862 214,734 13,632 616,603 323,615 15,177 47,950 216,197 13,664 719,569 341,196 27,438 68,557 266,381 15,997 659,997 331,322 14,140 75,498 221,834 17,203 751,447 400,365 4,741 78,689 248,522 19,130 956,605 464,750 22,717 87,841 359,941 21,356 7 Capital consumption 8 Households Farm business 9 10 Nonfarm noncorp. business 11 Nonfinancial corp. bus. 12 Private finan. insts. 416,975 206,359 16,322 38,682 147,671 7,941 475,121 233,245 18,619 46,153 167,816 9,288 526,612 252,650 20,630 53,188 189,542 10,602 568,458 269,084 21,915 58,381 207,058 12,020 595,437 280,422 22,371 64,194 215,234 13,216 636,853 7 300,589 8 22,813 9 69,992 10 228,451 11 15,008 12 13 Net capital formation 14 Households 15 Farm business 16 Nonfarm noncorp. business 17 Nonfinancial corp. bus. 18 Private finan. insts. 219,496 121,647 10,915 14,180 67,063 5,691 141,482 90,370 -3,442 1,797 48,381 4,376 192,957 88,546 6,808 15,369 76,839 5,395 91,539 62,238 -7,775 17,117 14,776 5,183 156,010 119,943 -17,630 14,495 33,288 5,914 319,752 164,161 -96 17,849 131,490 6,348 1 Purchases of physical assets 2 Households 3 Farm business 4 Nonfarm noncorp. business 5 Nonfinancial corp. bus. 6 Private finan. insts. 1982 1983 1984 1 2 3 4 5 6 13 14 15 16 17 18 19 Net foreign investment Net financial investment: 20 Private sectors 21 Households 22 Farm business 23 Nonfarm noncorp. business 24 Nonfinancial corp. bus. 25 Private finan. insts. 24,528 26,715 27,302 24,772 -29,278 -76,872 19 38,556 75,466 -10,802 -14,180 -32,148 20,220 112,605 145,166 2,968 -1,797 -51,625 17,893 97,736 202,453 -7,627 -15,369 -77,867 -3,854 163,620 231,824 7,251 -17,117 -54,234 -4,104 153,427 161,895 17,490 -14,495 -23,130 11,667 113,318 206,072 384 -17,849 -76,438 1,149 20 21 22 23 24 25 26 27 28 29 30 -19,406 5,342 -25,524 556 220 -66,978 -2,906 -64,582 337 173 -74,350 3,835 -79,132 498 449 -153,079 1,277 -155,610 1,107 147 -185,465 7,347 -194,186 867 507 -185,576 9,711 -197,303 867 1,149 26 27 28 29 30 5,378 -18,912 3,916 14,231 2,760 -4,614 31 490,832 174,238 21,030 547,267 201,959 30,638 422,879 171,376 5,210 126,792 17,156 7,688 163,021 68,875 19,379 82,953 32 57,135 33 4,696 34 _31 Public sectors State & local governments U.S. Government Sponsored credit agencies Monetary authority Unallocated financial flows 32 Reval. of physical assets 33 Households 34 Farm business 721 CONTINUED Sector Flow Summaries OCTOBER 1985 Sector Flow Summaries 75 ANNUAL FLOWS Sector Detail On Stock-Flow Reconciliation Items ANNUAL FLOWS 1977 1978 1979 1980 1981 1982 1983 1984 35 Nonfarm noncorp. business 36 Nonfinancial corp. bus. 37 - Inventory valuation adj. 38 Private finan. insts. 54,398 95,154 -16,183 6,325 80,667 118,209 -24,011 7,934 74,992 168,421 -43,110 9,041 87,519 173,788 -42,872 10,491 79,945 134,824 -23,593 7,931 35,009 50,090 -9,483 7,366 34,265 26,020 -11,221 3,261 -10,900 18,467 -5,651 7,904 35 36 37 38 39 Revaluations by type of asset 40 Residential structures p 41 iar.t and equipment 42 Inventories 43 Consumer durables 344,131 171,985 133,151 22,827 16,168 509,117 260,935 159,738 56,364 32,080 490,832 163,872 199,276 88,500 39,184 547,267 177,313 224,920 80,130 64,904 422,879 179,766 181,865 25,143 36,105 126,792 12,971 103,619 6,256 3,946 163,021 82,498 48,179 25,196 7,148 82,953 109,772 -12,023 988 -15,784 39 40 41 42 43 44 Change in land values 45 Households 46 Farm business 47 Nonfarm noncorp. business 48 Nonfinancial corp. business 49 Private finan. insts. 285,056 109,426 46,684 66,768 61,009 1,169 355,811 154,998 84,347 77,685 36,840 1,941 386,592 144,645 96,711 88,367 53,784 3,085 407,829 157,343 68,335 106,465 71,618 4,068 370,007 168,597 -6,671 128,256 75,954 3,871 146,855 47,795 -40,673 93,900 43,675 2,158 140,656 27,958 -11,959 85,198 37,862 1,597 22,328 6,846 -106,274 76,703 42,583 2,470 44 45 46 47 48 49 50 Adj. to capital consumption 51 Households 52 Farm business 53 Nonfarm noncorp. business Nonfinancial corp. business 54 55 Private firu-n. insts. -261 719 148 -971 -155 -2 -106 805 222 -701 -424 -8 134 899 274 -370 -715 46 -342 974 336 -1,623 -22 -7 710 1,037 330 -1,465 746 62 780 1,063 233 -226 -277 -13 -1,034 1,075 333 -2,361 -44 -37 -65,682 -5,166 184 -57,839 -2,312 -549 50 51 52 53 54 55 ent, Memo* Total gross domestic investment, 485,678 flow of funds basis 533,120 Private sectors 328,822 Households 12,269 Farm business 29,115 Nonfarm noncorp. business 140,864 Nonfinancial corp. busines 22,050 Private finan. institution 569,211 603,786 372,817 14,443 33,235 151,947 31,344 655,621 679,772 403,472 16,435 38,682 187,331 33,852 662,230 734,205 468,781 18,145 46,153 169,569 31,557 742,955 822,152 543,649 19,811 53,188 193,361 12,143 670,538 831,408 563,146 21,391 58,381 175,391 13,099 719,409 912,659 562,260 22,231 64,194 233,177 30,797 884,347 1077,825 670,822 23,101 69,992 291,405 22,505 56 57 58 59 60 61 62 -47,442 10,281 -58,301 355 223 -34,575 4,822 -40,597 520 680 -24,151 5,342 -30,269 556 220 -71,975 -2,906 -69,579 337 173 -79,197 3,835 -83,979 498 449 -160,870 1,277 -163,401 1,107 147 -193,250 7,347 -201,971 867 507 -193,478 9,711 -205,205 867 1,149 63 64 65 66 67 56 57 58 59 60 61 62 63 64 65 66 67 Public sectors State & local governments U.S. Government Sponsored credit agencies Monetary authority DATA ARE IN MILLIONS OF DOLLARS. OCTOBER 1985 Households 722 Households Sector Stock-Flow Reconciliation Statements 76 ANNUAL FLOWS ANNUAL FLOWS 1945 1946 1947 1948 1949 1950 1951 1952 Households, Personal Trusts, and Nonprofit Organizations 1 Gross inv.,flow of funds basis 36,252 34,115 40,337 38,582 50,139 57,323 56,331 1 2 - Capital consump. allow, NIPA 11,745 14,096 16,124 17,707 19,554 22,668 24,985 2 24,507 20,019 24,213 20,875 30,585 34,655 31,346 3 4 - Depreciation valuation adj. 5 Depreciation charges 6 -Cap. consump. allow., NIPA 142 11,887 11,745 171 14,267 14,096 185 16,309 16,124 188 17,895 17,707 193 19,747 19,554 207 22,875 22,668 212 25,197 24,985 4 5 6 7 + Reval. of physical assets 8 Change in value 9 Depreciation charges 10 -Gross purchases, F/F basis 12,290 21,930 11,887 21,527 17,850 33,433 14,267 29,850 8,614 27,691 16,309 35,386 -4,648 14,759 17,895 37,302 14,860 42,003 19,747 46,890 12,661 36,272 22,875 46,486 2,960 7 23,360 8 25,197 9 45,597 10 11 12 13 14 12,290 10,610 1,399 281 17,850 14,631 1,435 1,784 8,614 7,404 353 857 -4,648 -4,017 -138 -493 14,860 11,841 696 2,323 12,661 7,231 864 4,566 1,415 3,517 1,741 1,139 5,490 2,785 4,080 15 16 + Reval. of corporate equities 17 Change in value 18 -Net purchases -9,315 -8,181 1,134 -3,250 -2,138 1,112 -2,089 -1,113 976 8,614 9,309 695 23,541 24,218 677 20,804 22,630 1,826 12,494 16 14,136 17 1,642 18 + Reval. of life insurance & pension fund reserves Change in value -Net acquisitions 5,309 5,309 5,373 5,373 5,295 5,295 5,588 5,588 6,872 6,872 6,294 6,294 7 19 7,663 20 7,656 21 24,074 26,586 2,512 25,580 27,051 1,471 6,576 11,054 4,478 -2,845 -2,496 349 26,094 29,744 3,650 18,550 20,205 1,655 2,631 22 2,979 23 348 24 -63 -23 -100 -100 -100 -100 -27 25 52,766 63,522 38,770 22,847 100,277 89,148 53,279 26 158,911 168,725 188,058 187,935 206,520 225,921 237,632 27 3 15 19 20 21 = Net investment flow, balance sheet basis Revaluation by type of asset Residential structures Nonres. plant & equipment Consumer durables + Change in the value of land holdings 22 + Reval, of noncorp. equity 23 Change in value _24 -Net inv. in noncorp. bus. 25 + Other revaluations 26 = Change in net worth 27 Memo; Disp. personal income _UATA ARE IN MILLIONS OF DOLLARS. 2,960 1,968 210 782 11 12 13 14 OCTOBER 1985 Households 77 722 Households Sector Stock-Flow Reconciliation Statements ANNUAL FL0H5 ANNUAL FLOWS 1953 1954 1955 1956 1957 1958 1959 1960 Households, Personal Trusts, and Nonprofit Organizations 1 Gross inv.,flow of funds basis 59,639 58,001 66,015 72,593 74,583 74,055 80,122 80,199 1 2 - Capital consump. allow, NIPA 27,118 29,751 31,874 35,319 37,984 39,894 42,070 43,426 2 32,521 28,250 34,141 37,274 36,599 34,161 38,052 36,773 3 4 - Depreciation valuation adj. 5 Depreciation charges 6 -Cap. consump. allow., NIPA 214 27,332 27,118 215 29,966 29,751 221 32,095 31,874 229 35,548 35,319 231 38,215 37,984 234 40,128 39,894 239 42,309 42,070 243 43,669 43,426 4 5 6 7 + Reval. of physical assets 8 Change in value 9 Depreciation charges 10 -Gross purchases, F/F basis -2,130 20,829 27,332 50,291 264 20,873 29,966 50,575 1,934 31,619 32,095 61,780 8,630 33,704 35,548 60,622 -329 21,633 38,215 60,177 3,046 20,125 40,128 57,207 -1,376 23,481 42,309 67,166 -4,152 7 19,094 8 43,669 9 66,915 10 11 12 13 14 -2,130 -1,030 -115 -985 264 2,573 7 -2,316 1,934 4,070 853 -2,989 8,630 2,170 1,120 5,340 -329 -1,477 -87 1,235 3,046 -39 -44 3,129 -1,376 -389 -89 -898 -4,152 -1,386 -228 -2,538 3,949 5,612 8,331 10,392 10,194 7,723 13,028 -134 15 16 + Reval. of corporate equities 17 Change in value 18 -Net purchases -8,989 -8,015 974 71,780 72,605 825 50,319 51,274 955 16,809 18,794 1,985 -39,249 -37,705 1,544 104,382 105,929 1,547 28,140 28,680 540 -5,949 16 -6,534 17 -585 18 + Reval. of life insurance & pension fund reserves Change in value -Net acquisitions 4 7,866 7,862 53 7,877 7,824 2,265 10,797 8,532 5 9,514 9,509 -662 8,826 9,488 2,733 13,111 10,378 1,246 13,115 11,869 88 19 11,636 20 11,548 21 2,704 2,776 72 6,589 4,88:? -1,706 12,553 10,424 -2,129 21,249 20,248 -1,001 10,928 10,618 -310 21,145 21,406 261 15,303 13,059 -2,244 15,811 22 14,416 23 -1,395 24 2 -2 3 1 1 1 428 14 25 27,847 112,331 109,325 94,131 17,251 172,957 94,582 42,208 26 252,271 257,075 274,817 292,901 308,762 319,006 338,450 351,993 27 3 15 19 20 21 Net investment flow, balance sheet basis Revaluation by type of asset Residential structures Nonres. plant & equipment Consumer durables + Change in the value of land holdings 22 + Reval. of noncorp. equity 23 Change in value -24 -Net inv. in noncorp. bus. 25 + Other revaluations 26 = Change in net worth 27 Memo: Disp. personal income _DATA ARE IN MILLIONS OF DOLLARS. Ill 11 12 13 14 Ill OCTOBER 1985 Households 722 Households Sector Stock-Flow Reconciliation Statements 78 ANNUAL FLOWS ANNUAL FLOWS 1961 1962 1963 1964 1965 1966 1967 1968 Households, Personal Trusts, and Nonprofit Organizations 1 Gross inv.,flow of funds basis 80,905 88,318 94,820 107,063 117,181 127,405 136,733 145,363 1 2 - Capital consump. allow, NIPA 44,984 46,245 48,002 50,244 52,243 55,007 59,870 65,383 2 35,921 42,073 46,818 56,819 64,938 72,398 76,863 79,980 3 4 - Depreciation valuation adj. 5 Depreciation charges 6 -Cap. consump. allow., NIPA 249 45,233 44,984 259 46,504 46,245 268 48,270 48,002 280 50,524 50,244 298 52,541 52,243 321 55,328 55,007 344 60,214 59,870 369 65,752 65,383 7 + Reval. of physical assets 8 Change in value 9 Depreciation charges 10 -Gross purchases, F/F basis 4 5 6 -2,027 16,400 45,233 63,660 -2,733 21,105 46,504 70,342 -6,836 20,939 48,270 76,045 4,842 36,685 50,524 82,367 -2,913 33,952 52,541 89,406 17,944 56,780 55,328 94,164 15,984 50,692 60,214 94,922 11 12 13 14 -2,027 -693 352 -1,686 -2,733 105 348 -3,186 -6,836 -5,983 656 -1,509 4,842 8,472 612 -4,242 -2,913 4,294 1,215 -8,422 17,944 17,016 1,893 -965 15,984 10,847 1,934 3,203 8,681 5,570 2,719 7,903 6,941 10,313 7,885 15,221 15 105,067 105,346 279 -61,279 -63,371 -2,092 79,064 76,459 -2,605 50,982 50,811 -171 73,000 70,891 -2,109 -59,261 -59,984 -723 149,498 144,827 -4,671 144,978 16 137,490 17 -7,488 18 4,201 16,284 12,083 -3,266 9,406 12,672 3,906 17,792 13,886 4,050 20,173 16,123 4,073 20,993 16,920 -4,953 14,219 19,172 8,318 26,958 18,640 6,569 19 26,324 20 19,755 21 14,228 14,816 588 8,785 9,611 826 6,502 8,555 2,053 12,405 12,359 -46 16,840 18,278 1,438 19,824 20,413 589 14,901 13,847 -1,054 26,957 22 25,126 25 -1,831 24 3 15 Net investment flow, balance sheet basis Revaluation by type of asset Residential structures Nonres. plant & equipment Consumer durables + Change i n the value of land holdings 16 + Reval. of corporate equities 17 Charge in value 18 -Net purchases 19 20 21 + Reval. of life insurance & tension fund reserves Change in value -Net acquisitions 22 + Reval. of noncorp. equity 23 Change in value -24 -Net inv. in noncorp. bus. 25 + Other revaluations 42,253 7 86,680 8 65,752 9 110,179 10 42,253 35,634 2,643 3,976 11 12 13 14 -531 677 154 833 -20 11 26 = Change in net worth 128 -146 25 165,291 -10,432 132,059 137,554 162,561 55,955 273,233 315,443 26 27 Memo. 365,751 386,791 405,880 440,587 475,780 513,690 547,858 593,420 27 Disp. personal income _DATA ARE IN MILLIONS OF DOLLARS. e # e • • e « • • # 1 722 Households OCTOBER 1985 Households Sector Stock-Flow Reconciliation Statements ANNUAL FLOWS ANNUAL FLOWS 1969 1970 1971 1972 1973 1975 1974 1976 Households, Personal Trusts, and Nonprofit Organizations 1 Gross inv.,flow of funds basis 144,389 166,137 182,273 203,146 236,354 244,073 283,838 308,894 1 Capital consump. allow, NIPA 72,906 79,789 86,689 94,272 103,272 116,743 132,249 145,856 2 3 Net investment flow, balance sheet basis 71,483 86,348 95,584 108,874 133,082 127,330 151,589 163,038 3 4 5 6 Depreciation valuation adj. Depreciation charges -Cap. consump. allow., NIPA 406 73,312 72,906 420 80,209 79,789 1,037 87,726 86,689 -158 94,114 94,272 508 103,780 103,272 557 117,300 116,743 603 132,852 132,249 644 146,500 145,856 4 5 6 7 + Reval. of physical assets Change in value 8 Depreciation charges 9 -Gross purchases, F/F basis 10 36,483 81,028 73,312 117,857 36,543 72,014 80,209 115,680 37,099 85,639 87,726 136,266 51,943 117,201 94,114 159,372 97,399 170,448 103,780 176,829 140,825 195,433 117,300 171,908 75,070 125,986 132,852 183,768 107,409 7 187,234 8 146,500 9 226,325 10 Revaluation by type of asset Residential structures Nonres. plant & equipment Consumer durables 36,483 27,276 5,952 3,255 36,543 23,715 4,601 8,227 37,099 37,802 3,554 -4,257 51,943 51,111 4,801 -3,969 97,399 84,404 9,323 3,672 140,825 80,649 18,532 41,644 75,070 52,516 -573 23,127 14,729 12,370 17,417 25,877 36,997 36,254 22,004 41,446 15 -108,947 -111,778 -2,831 -15,824 -17,534 -1,710 109,657 104,192 -5,465 81,309 75,898 -5,411 -196,787 -202,966 -6,179 -206,337 -207,246 -909 153,135 148,411 -4,724 124,160 16 119,121 17 -5,039 18 -5,956 15,551 21,507 2,275 26,186 23,911 15,314 42,762 27,448 23,370 57,652 34,282 -34,993 3,823 38,816 -37,538 9,476 47,014 33,661 88,522 54,861 10,272 19 70,348 20 60,076 21 27,217 22,414 -4,803 20,077 15,658 -4,419 30,935 25,247 -5,688 66,795 52,526 -14,269 128,173 115,326 -12,847 107,979 89,984 -17,995 98,483 83,221 -15,262 135,250 22 110,305 23 -24,945 24 955 2 -623 -1,333 -2,882 3,476 -29 -479 25 35,558 141,371 304,346 356,993 160,481 171,432 533,310 580,452 26 638,933 695,289 751,752 810,351 914,496 998,345 1096,067 1194,360 27 2 - = 11 12 13 14 15 + Change in the value of land holdings 16 + Reval. of corporate equities Change in value 17 -Net purchases 18 19 20 21 + Reval. of life insurance & pension fund reserves Change in value -Net acquisitions 22 + Reval. of noncorp. equity Change in value 23 -Net inv. in noncorp. bus. -24 25 + Other revaluations 26 = Change in net worth 27 Memo: Disp. personal income DATA ARE IN MILLIONS OF DOLLARS. 107,409 92,873 3,022 11,514 11 12 13 14 OCTOBER 1985 Households 80 722 Households Sector Stock-Flow Reconciliation Statements ANNUAL FLOWS ANNUAL FLOWS 1977 1978 1979 1980 1981 1983 1982 1984 Households, Personal Trusts, and Nonprofit Organizations 1 Gross inv.,flow of funds basis 328,822 372,817 403,472 468,781 543,649 563,146 562,260 670,822 1 2 Capital consump. allow, NIPA 162,032 182,514 206,359 233,245 252,650 269,084 280,422 300,589 2 3 Net investment flow, balance sheet basis 166,790 187,630 200,190 235,167 274,759 294,062 281,838 370,233 3 4 5 6 Depreciation valuation adj. Depreciation charges -Cap. consump. allow., NIPA 719 162,751 162,032 805 183,319 182,514 899 207,258 206,359 974 234,219 233,245 1,037 253,687 252,650 1,063 270,147 269,084 1,075 281,497 280,422 -5,166 295,423 300,589 4 5 6 7 + Reval. of physical assets 8 Change in value 9 Depreciation charges 10 -Gross purchases, F/F basis 159,097 263,446 162,751 267,100 243,532 367,604 183,319 307,391 174,238 294,986 207,258 328,006 201,959 291,355 234,219 323,615 171,376 258,885 253,687 341,196 17,156 78,331 270,147 331,322 68,875 187,743 281,497 400,365 57,135 7 226,462 8 295,423 9 464,750 10 11 12 13 14 159,097 130,616 12,313 16,168 243,532 195,684 15,768 32,080 174,238 116,967 18,087 39,184 201,959 121,056 15,999 64,904 171,376 128,802 6,469 36,105 17,156 6,243 6,967 3,946 68,875 58,423 3,304 7,148 109,426 154,998 144,645 157,343 168,597 47,795 27,958 6,846 15 16 + Reval. of corporate equities 17 Change in value 18 -Net purchases -38,646 -42,602 -3,956 22,934 17,537 -5,397 170,092 151,296 -18,796 304,472 296,140 -8,332 -24,109 -53,794 -29,685 146,490 140,763 -5,727 174,024 180,016 5,992 77,491 16 35,930 17 -41,561 18 + Reval. of life insurance & pension fund reserves Change in value -Net acquisitions -15,667 56,084 71,751 3,410 90,013 86,603 22,655 117,743 95,088 53,094 169,122 116,028 -26,624 91,574 118,198 40,070 187,295 147,225 58,669 202,894 144,225 -9,551 19 125,440 20 134,991 21 177,753 152,714 -25,039 271,486 246,376 -25,110 273,679 247,583 -26,096 288,479 246,857 -41,622 213,079 187,938 -25,141 102,401 71,996 -30,405 129,763 63,378 -66,385 29,913 22 -27,125 23 -57,038 24 -13 210 5,547 13,129 -4,329 2,893 3,801 -2,025 25 558,021 886,068 987,070 1253,038 787,952 649,804 743,853 535,208 26 1314,020 1473,993 1650,156 1828,855 2041,721 2180,527 2340,074 2576,838 27 - = 15 19 20 21 Revaluation by type of asset Residential structures Nonres. plant & equipment Consumer durables + Change in the value of land holdings 22 + Reval. of noncorp. equity 23 Change in value -24 -Net inv. in noncorp. bus. 25 + Oxhi-r revaluations 26 = Change in net worth 27 Memos Disp. personal income _DATA ARE IN MILLIONS OF DOLLARS. 57,135 67,807 5,112 -15,784 11 12 13 14 # e # • • # # s s e ' OCTOBER 1985 Farm Business 8l ANNUAL FLOWS 723 Farm Business Sector Stock-Flow Reconciliation Statements ANNUAL FLOWS 1945 1946 1947 1948 1949 1950 1951 1952 Farm Business 1 Gross inv.,flow of funds basis 1,237 1,525 1,833 2,069 2,316 2,660 2,879 1 2 + Proprietors' net investment 2,400 542 3,264 548 1,624 1,669 1,363 2 3 - C pital consump.allow., NIPA 1,175 1,477 1,794 2,048 2,285 2,664 2,913 3 2,462 590 3,303 569 1,655 1,665 1,329 4 5 - Depreciation valuation adj. 6 Depreciat: on charges 7 -Cap. consump. allow., NIPA 102 1,277 1,175 82 1,559 1,477 90 1,884 1,794 92 2,140 2,048 99 2,384 2,285 103 2,767 2,664 102 3,015 2,913 5 6 7 8 + Reval. of physical assets 9 Change in value 10 Depreciation charges 11 -Gross purchases, F/F basis 9,035 9,958 1,277 2,200 9,100 9,122 1,559 1,581 -2,339 1,781 1,884 6,004 -3,683 -2,196 2,140 3,627 6,088 8,952 2,384 5,248 2,611 5,637 2,767 5,793 -4,010 8 -1,835 9 3,015 10 5,190 11 12 13 14 15 9,035 1,417 1,465 6,153 9,100 1,976 1,350 5,774 -2,339 827 976 -4,142 -3,683 -570 -88 -3,025 6,088 1,252 980 3,856 2,611 647 833 1,131 -4,010 27 414 -4,451 4,540 1,546 1,031 887 9,510 7,016 4 16 = Ne: investment flow, balance sheet basis Revaluation by type of asset Residential structures Nonres. plant & equipment Inventories + Change in the value of land holdings 17 + Other revaluations 18 = Change in net worth DATA ARE IN MILLIONS OF DOLLARS. Ill - 15,935 - 11,154 - 1,905 - -2,319 - 17,154 - 11,189 12 13 14 15 784 16 - 17 -1,999 18 Ill OCTOBER 1985 Farm Business 82 723 Farm Business Reconciliation Statements ANNUAL FLOWS ANNUAL FLOWS 1955 1956 1957 1958 1959 I960 Farm Business 1 Gross inv.,flow of funds basis 2 + Proprietors* net investment 3 - Capital consump.allow., NIPA = Net investment flow, 4 balance sheet basis 3,243 3,443 3,533 3,603 3,669 3,690 1 -411 -1,171 -500 155 -2,017 -918 2 3,285 3,499 3,598 3,651 3,723 3,746 3 -453 -1,227 -565 107 5 - Depreciation valuation adj. Depreciation charges 6 7 -Cap. consump. allow., NIPA -2,071 -974 4 101 3,386 3,285 95 3,594 3,499 102 3,700 3,598 99 3,750 3,651 8 + Reval. of physical assets 9 Change in value 10 Depreciation charges 11 -Gross purchases, F/F basis 96 3,819 3,723 94 3,840 3,746 5 6 7 -2,329 -1,368 3,386 4,347 2,315 2,038 3,594 3,317 2,298 2,956 3,700 4,358 3,091 4,537 3,750 5,196 12 13 14 15 -714 76 3,819 4,609 726 8 1,184 9 3,840 10 4,298 11 -2,329 198 907 -3,434 2,315 83 1,112 1,120 2,298 -301 503 2,096 3,091 -246 185 3,152 -714 3 -505 4,278 7,030 6,158 9,348 5,901 1,395 8,023 16 Revaluation by type of asset Residential structures Nonre^. plant & equipment Inventories + Change in the value of land holdings 17 + Other revaluations 18 = Change in net worth DATA ARE IN MILLIONS OF DOLLARS. -212 726 -195 -31 952 1,360 16 - 7,789 12,447 3,020 12 13 14 15 17 1,018 18 OCTOBER 1985 Farm Business 723 Farm Business Sector Stock-Flow Reconciliation Statements 83 ANNUAL FLOWS ANNUAL FLOWS 1961 1962 1963 1964 1965 1966 1967 1968 Farm Business 1 Gross inv.,flow of funds basis 2 + Proprietors 1 net investment 3 - Capital consump.allow., NIPA 4 Net investment flow, balance sheet basis 3,706 3,785 3,725 3,940 4,178 4,490 4,759 5,079 1 -853 -664 -1,399 -1,720 -1,153 -1,912 -153 -16 2 3,757 3,809 3,866 3,977 4,162 4,442 4,758 5,097 3 -904 -688 -1,540 -1,757 -1,137 -1,864 -152 -34 4 5 - Depreciation valuation adj. 6 Depreciation charges 7 -Cap. consump. allow., NIPA 94 3,851 3,757 83 3,892 3,809 91 3,957 3,866 91 4,068 3,977 91 4,253 4,162 91 4,533 4,442 94 4,852 4,758 94 5,191 5,097 5 6 7 8 + Reval. of physical assets 9 Change in value 10 Depreciation charges 11 -Gross purchases, F/F basis 26 642 3,851 4,467 775 2,174 3,892 5,291 -751 1,070 3,957 5,778 -76 473 4,068 4,617 3,472 5,811 4,253 6,592 1,955 3,393 4,533 5,971 873 3,367 4,852 7,346 4,225 8 5,311 9 5,191 10 6,277 11 26 -216 271 -29 775 -155 196 734 -751 -513 217 -455 -76 278 237 -591 3,472 34 1,012 2,426 1,955 688 1,426 -159 873 304 1,369 -800 4,225 1,407 1,850 968 5,728 5,222 8,211 8,036 10,815 8,011 8,959 6,700 16 12 13 14 15 16 Revaluation by type of asset Residential structures Nonres. plant & equipment Inventories + Change in the value of land holdings 17 + Other revaluations 18 = Change in net worth DATA ARE IN MILLIONS OF DOLLARS. - 4,756 - 5,226 - 5,829 - 6,112 - 13,059 - - 8,011 9,586 12 13 14 15 17 10,797 18 OCTOBER 1985 Farm Business 723 Farm Business Sector Stock-Flow Reconciliation Statements 84 ANNUAL FIOWS ANNUAL FLOWS 1969 1970 1971 1972 1973 1974 1975 1976 Farm Business 1 Gross inv.,flow of funds basis 2 + Proprietors 1 net investment 3 - Car"tal consump.allow., NIPA 4 Net investment flow, balance sheet basis 5,472 5,780 6,034 6,738 7,706 8,418 10,209 11,075 1 -832 46 -1,414 -3,910 -3,686 -5,652 -816 -7,792 2 5,507 5,905 6,188 6,775 7,359 8,539 10,106 11,142 3 -867 -79 -1,568 -3,947 -3,339 -5,773 -713 -7,859 4 5 - Depreciation valuation adj. 6 Depreciation charges 7 -Cap. consump. allow., NIPA 100 5,607 5,507 101 6,006 5,905 102 6,290 6,188 82 6,857 6,775 -6 7,353 7,359 108 8,647 8,539 106 10,212 10,106 92 11,234 11,142 5 6 7 8 + Reval. of physical assets 9 Change in value 10 Depreciation charges 11 -Gross purchases, F/F basis 7,101 8,255 5,607 6,761 1,864 3,017 6,006 7,159 6,510 8,766 6,290 8,546 14,094 15,500 6,857 8,263 25,817 31,626 7,353 13,162 14,802 16,392 8,647 10,237 4,519 11,626 10,212 17,319 7,341 8 8,963 9 11,234 10 12,856 11 12 13 14 15 7,101 1,035 3,509 2,557 1,864 809 2,139 -1,084 6,510 1,283 2,155 3,072 14,094 1,682 4,056 8,356 25,817 2,828 5,287 17,702 14,802 2,683 14,496 -2,377 4,519 1,809 4,158 -1,448 7,341 3,106 6,066 -1,831 2,746 4,303 13,394 23,947 53,448 20,647 55,373 72,189 16 8 215 14 -11 34,020 76,147 29,582 59,062 16 Revaluation by type of asset Residential structures Nonres. plant & equipment Inventories + Change in the value of land holdings 17 + Other revaluations 18 = Change in net worth DATA ARE IN MILLIONS OF DOLLARS. - 8,880 - 5,987 - 18,234 - 12 13 14 15 17 71,579 18 723 Farm Business OCTOBER 1985 Farm Business 85 ANNUAL FLOWS Sector Stock-Flow Reconciliation Statements ANNUAL FLOWS 1977 1978 1979 1980 1981 1982 1983 1984 Farm Business 1 Gross inv.,rlow of funds basiu 12,269 14,443 16,435 18,145 19,811 21,391 22,231 23,101 1 2 + Proprietors" net investment -5,792 -8,256 -9,641 -16,340 -8,061 -12,773 -21,092 -2,752 2 3 - Capital consump.allow., NIPA 12,570 14,226 16,322 18,619 20,630 21,915 22,371 22,813 3 -6,093 -8,046 -9,529 -16,859 -8,737 -13,297 -21,232 -2,464 4 5 - Depreciation valuation adj. 6 Depreciation charges -Cap. consump. allow., NIPA 7 148 12,718 12,570 222 14,448 14,226 274 16,596 16,322 336 18,955 18,619 330 20,960 20,630 233 22,148 21,915 333 22,704 22,371 184 22,997 22,813 5 6 7 8 + Reval. of physical assets Change in value 9 Depreciation charges 10 -Gross purchases, F/F basis 11 12,974 18,105 12,718 17,849 34,764 40,683 14,448 20,367 21,030 31,671 16,596 27,237 30,638 26,860 18,955 15,177 5,210 11,688 20,960 27,438 7,688 -320 22,148 14,140 19,379 1,416 22,704 4,741 4,696 8 4,416 9 22,997 10 22,717 11 Revaluation by type of asset Residential structures Nonres. plant & equipment Inventories 12,974 4,182 10,656 -1,864 34,764 6,130 15,628 13,006 21,030 3,839 14,899 2,292 30,638 3,785 17,083 9,770 5,210 3,718 11,945 -10,453 7,688 198 8,901 -1,411 19,379 1,557 6,996 10,826 4,696 2,065 7,568 -4,937 46,684 84,347 96,711 68,335 -6,671 -40,673 -11,959 29 -165 -21 2 1 53,446 110,685 107,918 -10,669 -46,514 4 12 13 14 15 16 Net investment flow, balance sheet basis + Change in the value of land holdings 17 + Other revaluations 18 = Change in net worth DATA ARE IN MILLIONS OF DOLLARS. Ill - 81,823 - -14,145 12 13 14 15 -106,274 16 - 17 -104,226 18 Ill OCTOBER 1985 Nonfarm Noncorporate Business 724 Nonfarm Noncorporate Business Sector Stock-Flow Reconciliation Statements 86 ANNUAL FLOWS ANNUAL FLOWS 1945 1946 1947 1948 1949 1950 1951 1952 Nonfarm Noncorporate Business 1 Gross inv.,flow of funds basis 2 + Proprietors 3 - 1 net investment Capital consump.allow., NIPA 3,118 3,843 4,369 4,618 4,892 5,560 5,902 1 112 929 1,214 -199 2,026 -14 -1,015 2 3,118 3,843 4,369 4,618 4,892 5,560 5,902 3 112 929 1,214 -199 2,026 -14 -1,015 4 5 6 7 4 Net investment flow, balance sheet basis 5 6 7 Depreciation valuation adj. Depreciation charges -Cap consump. allow., NIPA -231 2,887 3,118 -257 3,586 3,843 -283 4,086 4,369 -300 4,318 4,618 -315 4,577 4,892 -346 5,214 5,560 -371 5,531 5,902 8 + Reval. of physical assets 9 Change in value 10 Depreciation charges 11 -Gross purchases, ? / F basis 10,460 11,938 2,887 4,365 12,457 14,314 3,586 5,443 6,048 8,616 4,086 6,654 -1,923 -1,995 4,318 4,246 7,812 11,236 4,577 8,001 6,902 7,741 5,214 6,053 2,485 8 2,220 9 5,531 10 5,266 11 12 13 14 15 10,460 6,587 2,299 1,574 12,457 8,963 2,236 1,258 6,048 4,142 1,231 675 -1,923 -1,650 196 -469 7,812 4,904 1,712 1,196 6,902 4,819 1,813 270 2,485 2,150 541 -206 1,829 3,035 1,740 1,478 3,638 2,564 2,994 16 -2 4 1 3 17 9,283 -340 9,799 4,838 18 16 Revalua ion by type of asset Residential structures Nonres. plant & equipment Inventories + Change in the value of land holdings 17 + Other revaluations 18 -866 Change in net worth 11,766 - 16,678 - 13,791 DATA ARE IN MILLIONS OF DOLLARS. http://fraser.stlouisfed.org/ # # Federal Reserve Bank of St. Louis # • • • # • - # e 12 13 14 15 # e f s e • • s # • # <11 OCTOBER 1985 Nonfarm Noncorporate Business 724 Nonfarm Noncorporate Business Sector wtock-Flow Reconciliation Statements 87 ANNUAL FLOWS ANNUAL FLOWS 1953 1954 1955 1956 1957 — — 1958 1959 1960 Nonfarm Noncorporate Business 1 Gross inv.,flow of funds basis 6,138 6,384 6,724 7,187 7,678 8,125 8,101 8,012 1 2 + Proprietors' net investment -1,001 -2,130 -1,718 170 190 106 -227 -477 2 3 - Capital consump.allow., NIPA 6,138 6,384 6,724 7,187 7,678 8,125 8,101 8,012 3 -1,001 -2,130 -1,718 170 190 106 -227 -477 4 5 - Depreciation valuation adj. 6 Depreciation charges 7 -Cap. consump. allow., NIPA -379 5,759 6,138 -404 5,980 6,384 -464 6,260 6,724 -365 6,822 7,187 -465 7,213 7,678 -739 7,386 8,125 -527 7,574 8,101 -247 7,765 8,012 5 6 7 8 + Reval. of physical assets 9 Change in value 10 Depreciation charges 11 -Gross purchases, F/F basis 2,268 2,177 5,759 5,668 2,348 2,294 5,980 5,926 5,576 6,839 6,260 7,523 6,604 7,184 6,822 7,402 2,669 3,703 7,213 8,247 2,351 2,676 7,386 7,711 420 3,560 7,574 10,714 1,228 8 2,947 9 7,765 10 9,484 11 12 13 14 15 2,268 1,427 609 232 2,348 1,986 272 90 5,576 3,448 1,830 298 6,604 3,303 2,741 560 2,669 1,470 950 249 2,351 1,049 907 395 420 1,265 610 -1,455 1,228 1,405 20 -197 3,071 2,716 4,805 5,648 52 6,632 9,531 1 1 -2 2 4,718 3,339 3,374 9,830 4 16 Net investment flow, balance sheet basis Revaluation by type of asset Residential structures Nonres. plant & equipment Inventories + Change in the value of land holdings 17 + Other revaluations 18 = Change in net worth DATA ARE IN MILLIONS OF DOLLARS. - 9,127 - 12,787 — 10,251 12 13 14 15 12,471 16 — 17 13,469 18 724 Nonfarm Noncorporate Business OCTOBER 1965 Nonfarm Noncorporate Business Sector Stock-Flow Reconciliation Statements 88 ANNUAL FLOWS ANNUAL FLOWS 1961 1962 1963 1964 1965 1966 1967 1968 Nonfarm Noncorporate Business • 8,182 *,340 8,549 8,857 9,281 9,902 10,574 11,589 1 1,441 1,490 3,452 1,674 2,591 2,501 -901 -1,815 2 8,182 8,340 8,549 8,857 9,281 9,902 10,574 11,589 3 1,441 1,490 3,452 1,674 2,591 2,501 -901 -1,815 4 5 - Depreciation valuation adj. 6 Depreciation charges -Cap. consump. allow., NIPA 7 -281 7,901 8,182 -267 8,073 8,340 -288 8,261 8,549 -279 8,578 8,857 -293 8,988 9,281 -306 9,596 9,902 -329 10,245 10,574 -546 11,043 11,589 5 6 7 8 + Reval. of physical assets 9 Change in value 10 Depreciation charges 11 -Gross purchases, F/F basis 170 2,740 7,901 10,471 783 4,994 8,073 12,284 -2,427 3,772 8,261 14,460 2,134 8,841 8,578 15,285 924 9,648 8,988 17,712 6,788 13,822 9,596 16,630 3,898 9,536 10,245 15,883 12,520 8 19,712 9 11,043 10 18,235 11 Revaluation by type of asset Residential structures Nonres. plant & equipment Inventories 170 600 603 1,033 783 314 822 353 -2,427 -2,240 1,164 -1,351 2,134 1,629 1,358 -853 924 -64 1,741 -753 6,788 4,182 3,142 -536 3,898 1,559 3,208 -869 8,501 2,210 1,821 2,590 2,352 3,329 1,599 3,833 16 -3 -26 38 7 1 17 6,674 6,134 12,962 4,932 15,085 18 1 Gro-s inv.,flow of funds basis 2 + Proprietors 1 net investment 3 - Capital consump.allow., NIPA 4 12 13 14 15 16 Net investment flow, balance shuet basis + Change in the value of land holdings 17 + Other revaluations 18 = Change in net worth DATA ARE IN MILLIONS OF DOLLARS. - 10,393 1 4,751 - 3,134 12,520 7,776 4,601 143 12 13 14 15 • # # # # # s # e # > OCTOBER 1985 Nonfarm Noncorporate Business 89 ANNUAL FLOWS 724 Nonfarm Noncorporate Business Sector Stock-Flow Reconciliation Statements ANNUAL FLOWS 1969 1970 1971 1972 1973 1974 1975 1976 Nonfarm Noncorporate Business 1 Gross inv.,flow of funds basis 12,779 13,903 15,232 17,231 18,419 21,254 24,238 26,224 1 2 + Proprietors' net investment -3,971 -4,465 -4,274 -10,359 -9,161 -12,343 -14,446 -17,153 2 3 - Capital consump.allow., NIPA 12,779 13,903 15,232 17,231 18,419 21,254 24,238 26,224 3 -3,971 -4,465 -4,274 -10,359 -9,161 -12,343 -14,446 -17,153 4 5 - Depreciation valuation adj. 6 Depreciation charges 7 -Cap. consump. allow., NIPA -592 12,187 12,779 -613 13,290 13,903 -728 14,504 15,232 -1,514 15,717 17,231 -3,692 14,727 18,419 -956 20,298 21,254 -896 23,342 24,238 -1,027 25,197 26,224 5 6 7 8 + Reval. of physical assets 9 Change in value 10 Depreciation charges 11 -Gross purchases, F/F basis 13,183 22,760 12,187 21,764 11,441 19,995 13,290 21,844 10,271 23,858 14,504 28,091 12,799 30,892 15,717 33,810 26,958 49,342 14,727 37,111 49,287 57,622 20,298 28,633 21,507 19,390 23,342 21,225 35,943 8 34,157 9 25,197 10 23,411 11 12 13 14 15 13,183 5,697 7,796 -310 11,441 3,389 7,579 473 10,271 3,522 5,879 870 12,799 5,448 6,486 865 26,958 12,276 13,074 1,608 49,287 17,621 29,641 2,025 21,507 15,678 6,798 -969 35,943 27,363 9,354 -774 4,350 2,501 2,801 17,006 22,869 24,471 21,943 23,919 16 -1,237 -72 151 102 -1,607 1 17 8,289 20,888 44,509 62,473 28,293 43,737 18 4 16 Net investment flow, balance sheet basis Revaluation by type of asset Residential structures Nonres. plant & equipment Inventories + Change in the value of land holdings 17 + Other revaluations 18 = Change in net worth DATA ARE IN MILLIONS OF DOLLARS. Ill 2 14,156 - 10,090 12 13 14 15 Ill OCTOBER 1985 Nonfarm Noncorporate Business 724 Nonfarm Noncorporate Business Sector Stock-Flow Reconciliati on Statements 90 ANNUAL FLOWS ANNUAL FLOWS 1977 1978 1979 - 1980 1981 1982 1983 1984 Nonfarm Noncorporate Business 1 Gross inv.,flow of funds basis 29,115 33,235 38,682 46,153 53,188 58,381 64,194 2 + Pioprietors1 net investment 69,992 1 -19,247 -16,854 -16,455 -25,282 -17,080 -17,632 45,293 -54,286 2 3 - Capital consump.allow., NIPA 29,115 33,235 38,682 46,153 53,188 58,381 64,194 69,992 3 -19,247 -16,854 -16,455 -25,282 -17,080 -17,632 45,293 -54,286 4 5 - Depreciation valuation adj. Depreciation charges 6 7 -Cap. consump. allow., NIPA -971 28,144 29,115 -701 32,534 33,235 -370 38,312 38,682 -1,623 44,530 46,153 -1,465 51,723 53,188 -226 58,155 58,381 -2,361 61,833 64,194 -57,839 12,153 69,992 5 6 7 8 + Rteval. of physical assets 9 Ci.ange in value 10 Depreciation charges 11 -Gross purchases, F/F basis 54,398 62,140 28,144 35,886 80,667 96,016 32,534 47,883 74,992 89,542 38,312 52,862 87,519 90,939 44,530 47,950 79,945 96,779 51,723 68,557 35,009 52,352 58,155 75,498 34,265 51,121 61,833 78,689 -10,900 8 64,788 9 12,153 10 87,841 11 12 13 14 15 54,398 34,625 20,049 -276 80,667 52,877 26,419 1,371 74,992 37,760 33,155 4,077 87,519 46,714 36,802 4,003 79,945 40,621 44,612 -5,288 35,009 6,185 26,174 2,650 34,265 23,412 8,279 2,574 -10,900 37,228 -46,713 -1,415 66,768 77,685 88,367 106,465 128,256 93,900 85,198 76,703 16 119 1,240 -55 437 5,274 3,751 2 449 17 103,009 143,439 147,219 170,762 197,860 115,254 76,533 69,805 18 • # = Net investment flow, 4 balance sheet basis 16 Revaluation by type of asset Residential structures Nonres. plant & equipment Inventories + Change in the value of land holdings 17 + Other revaluations 18 = Change in net worth DATA ARE IN MILLIONS OF DOLLARS. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis # • + # # e # # 12 13 14 15 I'll OCTOBER 1985 Nonfinancial Corporate Business 91 ANNUAL FLOWS 725 Nonfinancial Corporate Business Sector Stock-Flow Reconciliation Statements ANNUAL FLOWS 1945 1946 1947 1948 1949 1950 1951 1952 Nonfinancial Corporate Business 1 Gross inv.,flow of funds basis 6,167 11,487 15,539 17,885 16,350 21,411 21,228 2 + Corporate equity issues 3 Min. rights from U.S. Govt. 1,018 1,093 1,000 1,212 1,288 2,107 2,320 2 3 7,551 -5,263 9,241 -5,899 10,826 -2,152 11,663 1,856 12,551 -4,965 14,587 -1,199 15,724 981 4 5 6 4 5 - Capital consump.allow., NIPA Inventory valuation adj. 6 Net investment flow, balance sheet basis 4,897 9,238 7,865 5,578 10,052 10,130 6,843 7 8 9 Depreciation valuation adj. Depreciation charges -Cap. consump. allow., NIPA -73 7,478 7,551 -83 9,158 9,241 -87 10,739 10,826 -83 11,580 11,663 -81 12,470 12,551 -84 14,503 14,587 15,643 15,724 10 + Reval. of physical assets 11 Change in value Depreciation charges 12 13 -Gross purchases CI) 13,870 29,795 7,478 23,403 15.047 29.048 9,158 23,159 9,659 21,385 , 10,739 22,465 725 2,081 11,580 12,936 8,804 25,335 12,470 29,001 8,731 25,658 14,503 31,430 3,390 11,414 15,643 23,667 10 11 12 13 14 15 16 17 13,870 -141 13,743 268 15,047 61 14,812 174 9,659 -187 8,856 990 725 -214 1,747 -808 8,804 -515 8,508 811 8,731 -425 9,448 -292 3,390 -255 3,651 -6 14 15 16 17 3,626 4,299 3,029 2,045 3,512 3,952 3,309 18 -230 230 390 1,139 749 538 1,259 721 415 1,075 660 467 1,088 621 683 1,191 508 890 19 1,742 20 852 21 -4 -4 90 100 10 150 184 34 98 154 56 37 0 450 80 177 267 90 155 22 287 23 132 24 127 23 100 98 101 100 -5 25 22,363 28,990 21,128 8,846 22,647 23,503 14,353 26 18 Revaluation by type of asset Residential structures Nonres. plant & equipment Inventories (1) + Change in the value of land holdings 19 + Reval. of fgn. dir. invest. 20 Change in value 21 -Direct investment 22 23 24 - Reval. of dir. inv. in U.S. Change in value -Direct investment - 2 5 + Other revaluations 26 = Change in net worth -81 OCTOBER 1985 Nonfinrneial Corporate Business 725 CONTINUED Nonfinancial Corporate Business Sector Stock-Flow Reconciliation Statements ANNUAL FLOWS ANNUAL FLOWS 1945 1946 1947 1948 1949 1950 1951 Net investment flow 4,897 9,238 7,865 5,578 10,052 10,130 28 + Reval. of physical assets 29 Change in value 30 Depreciat: on charges 31 -Gross purchases (1) 833 18,730 5,506 23,403 2,074 19,054 6,179 23,159 907 16,254 7,118 22,465 402 5,315 8,023 12,936 -827 19,244 8,930 29,001 135 21,576 9,989 31,430 490 302 244 194 294 321 -261 32 -2,045 5,506 7,551 -3,062 6,179 9,241 -3,708 7,118 10,826 -3,640 8,023 11,663 -3,621 8,930 12,551 -4,598 9,989 14,587 -4,609 33 11,115 34 15,724 35 -230 390 538 415 467 683 890 36 90 150 98 370 177 155 37 127 23 100 98 101 100 -5 38 8,162 14,999 13,212 10,229 13,338 15,790 11,469 39 1952 Tangibles and net worth on historical cost basis: 27 32 + Change in the value of land holdings 33 34 35 Depreciation valuation adj. Depreciation charges -Cap. consump. allow., NIPA 36 + Reval. of fgn. dir. invest. 37 - Reval. of dir. inv. in U.S. 38 + Other revaluations 39 = Change in net worth CI) Before inventory valuation adjustment. DATA ARE IN MILLIONS OF DOLLARS. - 6,843 27 -452 12,100 11,115 23,667 28 29 30 31 OCTOBER 1985 Nonfinancial Corporate Business 93 ANNUAL FLOWS 725 Nonfinancial Corporate Business Sector Stock-Flow Reconciliation Statements ANNUAL FLOWS 1953 1954 1955 1956 1957 1958 1959 1960 Nonfinancial Corporate Business 1 Gross inv.,flow of funds basis 2 + Corporate equity issues 3 Kin. rights from U.S. Govt. 4 5 - = 6 7 8 9 — Capital consump.allow., NIPA Inventory valuation adj. Net investment flow, balance sheet basis Depreciation valuation adj. Depreciation charges -Cap. consump. allow., NIPA 10 + Reval. of physical assets 11 Change in value 12 Depreciation charges 13 -Gross purchases (1) 14 15 16 17 18 Revaluation by type of asset Residential structures Nonres. plant & equipment Inventories (1) + Change in the value of land holdings 19 + Reval. of fgn. dir. invest. 20 Change in value 21 -Direct investment 22 23 24 - R val. of dir. inv. in U.S. Change in value -Direct investment " 2 5 + Other revaluations 26 Change in ict worth III 21,825 22,099 25,921 25,424 27,216 26,826 36,992 28,166 1 1,766 1,583 1,719 2,250 2,441 1,968 2,078 1,365 2 3 - - 16,734 -997 17,817 -318 19,015 -1,736 21,662 -2,693 23,687 -1,539 24,656 -255 25,690 -277 26,638 -173 4 5 7,854 6,183 10,361 8,705 7,509 4,393 7,657 3,066 6 -77 16,657 16,734 -75 17,742 17,817 -75 18,940 19,015 -77 21,585 21,662 -74 23,613 23,687 -72 24,584 24,656 -73 25,617 25,690 -74 26,564 26,638 7 8 9 1,899 11,897 16,657 26,655 73 5,563 17,742 23,232 9,102 24,499 18,940 34,337 14,375 32,299 21,585 39,509 5,170 17,973 23,613 36,416 2,744 6,108 24,584 27,948 2,892 14,595 25,617 37,320 -1,512 9,585 26,564 37,661 10 11 12 13 1,899 -156 1,994 61 73 -618 558 133 9,102 -313 8,594 821 14,375 173 13,741 461 5,170 9 5,521 -360 2,744 -485 3,011 218 2,892 -457 1,985 1,364 -1,512 164 -1,789 113 14 15 16 17 3,149 3,171 5,219 6,621 16,665 17,242 17,571 17,135 18 797 1,532 735 711 1,378 667 941 1,764 823 1,159 3,110 1,951 447 2,889 2,442 834 2,015 1,181 1,046 2,418 1,372 -901 19 2,038 20 2,939 21 148 306 158 258 382 124 246 443 197 151 383 232 96 251 155 307 405 98 251 489 238 -9 22 306 23 315 24 -300 2 97 -1 3 -2 -168 2 25 13,328 9,957 25,549 30,785 29,772 24,976 28,820 17,873 26 Ill OCTOBER 1985 Nonfinancial Corporate Business 94 ANNUAL FLOWS 725 CONTINUED Nonfinancial Corporate Business Sector Stock-Flow Reconciliation ANNUAL FLOWS 1953 1954 1955 1958 1959 1960 7,854 6,183 10,361 4,393 7,657 3,066 27 -231 14,149 12,275 26,655 -981 8,730 13,521 23,232 -1,019 18,592 14,726 34,337 -1,304 7,832 18,812 27,948 124 17,473 19,971 37,320 552 345 655 1,514 1,607 1,519 32 -4,459 12,275 16,734 -4,296 13,521 17,817 -4,289 14,726 19,015 -5,844 18,812 24,656 36 + Reval. of fgn. dir. invest. -5,719 19,971 25,690 -5,405 33 21,233 34 26,638 35 797 711 941 834 1,046 37 -901 36 148 258 246 307 251 -9 37 -300 2 97 -2 -168 2 38 12,983 10,298 15,078 10,972 15,734 8,484 39 Tangibles and net worth on historical cost basis* 27 = Net investment flow 28 + Reval. of physical assets 29 Change in value 30 Depreciation charges 31 -Gross purchases CI) 32 + Change in the value of land holdings 33 34 35 Depreciation valuation adj. Depreciation charges -Cap. consump. allow., NIPA - Reval. of dir. inv. in U.S. 38 + Other revaluations 39 Change in net worth (1) Before inventory valuation adjustment. DATA ARE IN MILLIONS OF DOLLARS. -616 15,812 21,233 37,661 28 29 30 31 Ill 725 Nonfinancial Corporate Business OCTOBER 1985 Nonfinancial Corporate Business 95 ANNUAL FLOWS Sector Stock-Flow Reconciliation Statements ANNUAL FLOWS 1961 1963 1962 1964 1965 1966 1967 1968 Nonfinancial Corporate Business 31,133 38,202 38,426 42,826 49,403 56,237 57,359 57,464 1 2,121 369 -341 1,145 -28 1,259 2,397 -159 1,330 2 3 27,358 271 28,212 26 29,230 54 30,593 -494 32,481 -1,245 35,350 -2,107 38,603 -1,554 42,270 -3,651 4 5 5,625 10,333 8,801 13,872 18,139 24,253 22,707 17,356 6 -77 27,281 27,358 -80 28,132 28,212 -84 29,146 29,230 -88 30,505 30,593 -99 32,382 32,481 -110 35,240 35,350 -123 38,480 38,603 -129 42,141 42,270 7 8 9 62 9,234 27,281 36,453 358 15,426 2C,132 43,200 1,772 17,277 29,146 44,651 3,582 23,664 30,505 50,587 6,208 36,045 32,382 62,219 12,139 S3,664 35,240 76,765 11,544 46,804 38,480 73,740 18,053 53,624 42,141 77,712 10 11 12 13 62 -249 -664 975 358 -146 443 61 1,772 -533 622 1,683 3,582 76 2,384 1,122 6,208 -204 4,880 1,532 12,139 675 10,105 1,359 11,544 -540 10,276 1,808 18,053 539 16,089 1,425 14 15 16 17 18,956 -6,685 -7,588 -6,740 -4,953 -5,198 -2,130 -2,187 18 19 + Reval. of fgn. dir. invest. Change in value 20 -Direct investment 21 201 2,852 2,651 -290 2,559 2,849 -21 3,460 3,481 -14 3,744 3,758 -16 4,803 4,819 -3,098 1,724 4,822 -35 4,322 4,357 53 19 3,218 20 3,165 21 22 - Reval. of dir. inv. in U.S. Change in value 23 -Direct investment 24 173 482 309 -125 220 345 101 332 231 99 419 320 19 434 415 -167 257 424 172 869 697 86 22 892 23 806 24 -101 -1 25 209 2 741 25 24,647 3,920 2,972 10,898 32,039 34,059 26 1 Gross inv., flow of funds basis 2 + Corporate equity issues 3 - Min. rights from U.S. Govt. 4 - Capital consump.allow., NIPA 5 - Inventory valuation adj. = 6 Net investment flow, balance sheet basis 7 - Depreciation valuation adj. Depreciation charges 8 -Cap. consump. allow., NIPA 9 10 + Reval. of physical assets Change in value 11 Depreciation charges 12 -Gross purchases CI) 13 14 15 16 17 18 Revaluation by type of asset Residential structures Nonres. plant & equipment Inventories (1) + Change in the value of land holdings "25 + Other revaluations 26 = Change in net worth — - 19,458 - 28,373 OCTOBER 1985 Nonfinancial Corporate Business gg 725 CONTINUED Nonfinancial Corporate Business Sector Stock-Flow Reconciliation Statements ANNUAL FLOWS ANNUAL FLOWS 1961 1962 1963 1964 1965 1966 1967 5,625 10,333 8,801 13,872 18,139 24,253 22,707 17,356 27 28 + Reval. of physical assets 29 Change in value 30 Depreciation charges 31 -Gross purchases (1) -73 13,886 22,494 36,453 -593 18,851 23,756 43,200 -121 19,370 25,160 44,651 -329 23,555 26,703 50,587 -830 32,771 28,618 62,219 -1,572 44,213 30,980 76,765 -2,319 37,854 33,567 73,740 -1,966 39,559 36,187 77,712 + Change in the value of land holdings 2,054 1,858 1,858 1,988 2,576 2,349 2,175 2,290 32 -4,864 22,494 27,358 -4,456 23,756 28,212 -4,070 25,160 29,230 -3,890 26,703 30,593 -3,863 28,618 32,481 -4,370 30,980 35,350 -5,036 33,567 38,603 -6,083 33 36,187 34 42,270 35 36 + Reval. of fgn. dir. invest. 201 -290 -21 -14 -16 -3,098 -35 53 36 37 173 -125 101 99 19 -167 172 86 37 -101 -1 25 209 2 741 38 12,397 15,888 14,511 19,517 27,394 24,471 39 1968 Tangibles and net worth on historical cost basis: 27 32 = 33 34 35 Net investment flow Depreciation valuation adj. Depreciation charges -Cap. onsump. allow., NIPA - Reval. of dir. inv. in U.S. 38 + Other revaluations 39 Change in net worth (1) Before inventory valuation adjustment. DATA ARE IN MILLIONS OF DOLLARS. - 23,713 - 26,469 28 29 30 31 e # e • • e # • 725 Nonfinancial Corporate Business OCTOBER 1985 Nonfinancial Corporate Business 97 ANNUA»L FLOWS s # Sector Stock-Flow Reconciliation Statements ANNUAL FLOWS 1969 1970 1971 1972 1973 1974 1975 1976 Nonfinancial Corporate Business 64,191 58,179 70,892 82,587 91,210 85,390 113,627 125,013 1 3,406 44 5,694 329 11,435 717 10,922 912 7,883 3,168 4,097 6,490 9,908 1,323 10,524 3,973 2 3 46,705 -5,870 51,776 -6,552 56,813 -4,584 62,015 -6,610 67,213 -19,962 78,659 -39,959 93,829 -11,569 103,570 -14,679 4 5 26,718 18,320 29,381 37,192 48,674 44,297 39,952 42,673 6 -136 46,569 46,705 -141 51,635 51,776 -190 56,623 56,813 -793 61,222 62,015 -430 66,783 67,213 -349 78,310 78,659 -426 93,403 93,829 -570 103,000 103,570 7 8 9 28,518 71,443 46,569 89,494 28,960 63,527 51,635 86,202 21,579 54,817 56,623 89,861 21,664 65,189 61,222 104,747 61,516 133,003 66,783 138,270 162,029 255,073 78,310 171,354 67,716 94,255 93,403 119,942 58,935 114,959 103,000 159,024 10 11 12 13 28,518 811 24,564 3,143 28,960 291 28,448 221 21,579 -398 21,329 648 21,664 456 19,324 1,884 61,516 2,535 47,716 11,265 162,029 2,403 136,764 22,862 67,716 1,548 63,342 2,826 58,935 1,746 46,881 10,308 14 15 16 17 -813 -3,873 -7,216 6,507 11,501 18,818 6,352 5,187 18 19 + Reval. of fgn. dir. invest. Change in value 20 -Direct investment 21 227 5,157 4,930 -201 6,565 6,766 -336 6,119 6,455 -627 5,115 5,742 85 10,212 10,127 -285 8,649 8,934 -270 13,776 14,046 812 19 12,443 20 11,631 21 22 - Reval. of dir. inv. in U.S. Change in value 23 -Direct investment 24 -258 1,003 1,261 -9 1,452 1,461 278 644 366 5 954 949 2,890 5,688 2,798 -170 4,588 4,758 -83 2,518 2,601 -1,237 22 3,108 23 4,345 24 -1 31 798 137 55 28,285 -182 1,201 25 55,043 43,387 44,118 65,661 119,371 253,663 114,077 110,615 26 1 Gross inv.,flow of funds basis 2 + Corporate equity issues 3 - Min. rights from U.S. Govt. 4 - Capital consump.allow., NIPA 5 - Inventory valuation adj. 6 Net investment flow, balance sheet basis 7 - Depreciation valuation adj. Depreciation charges 8 -Cap. consump. allow., NIPA 9 10 + Reval. of physical assets Change in value 11 Depreciation charges 12 -Gross purchases (1) 13 14 15 16 17 18 w Revaluation by type of asset Residential structures Nonres. plant & equipment Inventories (1) + Change in the value of land holdings 2 5 + Other revaluations 26 = Change in net worth Ill OCTOBER 1985 Nonfinancial Corporate Business 98 ANNUAL FLOWS 725 CONTINUED Nonfinancial Corporate Business Sector Stock-Flow Reconciliation Statements ANNUAL FLOWS 1969 1970 1971 1972 1973 1974 1975 26,718 18,320 29,381 37,192 48,674 44,297 39,952 28 + Reval. of physical assets 29 Change in value 30 Depreciation charges 31 -Gross purchases CI) -2,099 48,168 39,227 89,494 -3,641 40,171 42,390 86,202 -6,327 38,154 45,380 89,861 -4,785 51,194 48,768 104,747 -2,216 83,145 52,909 138,270 3,513 117,074 57,793 171,354 -1,116 55,871 62,955 119,942 + Change in the value of land holdings 4,258 1,652 1,935 2,871 4,518 3,889 1,178 1,514 32 -7,478 39,227 46,705 -9,386 42,390 51,776 -11,433 45,380 56,813 -13,247 48,768 62,015 -14,304 52,909 67,213 -20,866 57,793 78,659 -30,874 62,955 93,829 -35,114 33 68,456 34 103,570 35 227 -201 -336 -627 85 -285 -270 812 36 -258 -9 278 5 2,890 -170 -83 -1,237 37 -1 31 798 137 55 28,285 -182 1,201 38 36,839 25,556 36,606 48,030 62,530 100,735 70,519 79,611 39 1976 Tangibles and net worth on historical cost basis* 27 32 Net investment flow 33 34 35 Depreciation valuation adj. Depreciation charges -Cap. consump. allow., NIPA 36 * Reval. of fgn. dir. invest. 37 - Reval. of dir. inv. in U.S. 38 + Other revaluations 39 = Change in net worth (1) Before inventory valuation adjustment. DATA ARE IN MILLIONS OF DOLLARS. 42,673 27 -2,940 87,628 68,456 159,024 28 29 30 31 725 Nonfinancial Corporate Business OCTOBER 1985 Nonfinancial Corporate Business 99 ANNUAL FLOWS Sector Stock-Flow Reconciliation Statements ANNUAL FLOWS 1977 1978 1979 1980 1981 1982 1983 1984 Nonfinancial Corporate Business 140,864 151,947 187,331 169,569 193,361 175,391 233,177 291,405 1 2,727 2,470 -101 1,973 -7,836 4,745 12,875 4,997 -11,450 4,847 11,386 7,791 28,311 7,785 -76,980 7,902 2 3 114,321 -16,183 129,241 -24,011 147,671 -43,110 167,816 -42,872 189,542 -23,593 207,058 -9,483 215,234 -11,221 228,451 -5,651 4 5 42,983 44,643 70,189 52,503 11,115 -18,589 49,690 -16,277 6 -155 114,166 114,321 -424 128,817 129,241 -715 146,956 147,671 -22 167,794 167,816 746 190,288 189,542 -277 206,781 207,058 -44 215,190 215,234 -2,312 226,139 228,451 7 8 9 95,154 169,785 114,166 188,797 118,209 213,109 128,817 223,717 168,421 279,309 146,956 257,844 173,788 265,063 167,794 259,069 134,824 234,510 190,288 289,974 50,090 74,626 206,781 231,317 26,020 70,573 215,190 259,743 18,467 157,920 226,139 365,592 10 11 12 13 95,154 2,242 84,128 8,784 118,209 5,609 94,624 17,976 168,421 4,824 124,576 39,021 173,788 5,266 145,037 23,485 134,824 6,197 111,336 17,291 50,090 230 54,326 -4,466 26,020 -1,346 26,791 575 18,467 2,196 14,582 1,689 14 15 16 17 61,009 36,840 53,784 71,618 75,954 43,675 37,862 42,583 18 X9 + Reval. of fgn. dir. invest. 20 Change in value 21 -Direct investment -2,707 8,799 11,506 683 16,379 15,696 -89 26,479 26,568 8,298 30,227 21,929 3,352 16,359 13,007 -2,080 2,612 4,692 -275 9,070 9,345 1,947 19 9,702 20 7,755 21 22 - Reval. of dir. inv. in U.S. 23 Change in value 24 -Direct investment 99 3,825 3,726 -19 7,876 7,895 115 11,991 11,876 11,666 28,584 16,918 472 25,668 25,196 2,171 15,963 13,792 437 12,384 11,947 -4 22 22,510 23 22,514 24 -1,465 175 759 2,613 116 -587 421 20 25 195,030 200,993 293,664 297,176 224,143 70,615 113,325 49,056 26 1 Gross inv.,flow of funds basis 2 + Corporate equity issues 3 - Min. rights from U.S. Govt. 4 - Capital consump.allow., NIPA 5 - Inventory valuation adj. 6 = Net investment flow, balance sheet basis 7 - Depreciation valuation adj. 8 Depreciation charges -Cap. consump. allow., NIPA 9 10 + Reval. of physical assets 11 Change in value 12 Depreciation charges 13 -Gross purchases (1) 14 15 16 17 18 Revaluation by type of asset Residential structures Nonres. plant & equipment Inventories (1) + Change in the value of land holdings 25 + Other revaluations 26 = Change in net worth OCTOBER 1985 Nonfinancial Corporate Business IOO 725 CONTINUED Nonfinancial Corporate Business Sector Stock-Flow Reconciliation Statements ANNUAL FLOWS ANNUAL FLOWS 1984 1978 1979 1980 1981 1982 1983 42,983 44,643 70,189 52,503 11,115 -18,589 49,690 -3,925 109,652 75,220 188,797 -1,184 138,970 83,563 223,717 -4,200 160,202 93,442 257,844 -564 154,301 104,204 259,069 -8,533 165,967 115,474 289,974 -26,300 78,224 126,793 231,317 -20,991 100,990 137,762 259,743 2,936 4,222 3,615 6,570 7,854 5,442 5,500 6,982 32 -39,101 75,220 114,321 -45,678 83,563 129,241 -54,229 93,442 147,671 -63,612 104,204 167,816 -74,068 115,474 189,542 -80,265 126,793 207,058 -77,472 137,762 215,234 -77,038 33 151,413 34 228,451 35 -2,707 683 -89 8,298 3,352 -2,080 -275 1,947 36 99 -19 115 11,666 472 2,171 437 -4 37 38 + Other revaluations -1,465 175 759 2,613 116 -587 421 20 38 39 76,824 94,236 124,388 121,366 87,500 35,980 111,380 55,751 39 1977 Tangibles and net worth on hijtorical cost basisi 27 Net investment flow 28 + Reval. of physical assets 29 Change in value 30 Depreciation charges 31 -Gross purchases CI) 32 33 34 35 + Change in the value of land holdings - Depreciation valuation adj. Depreciation charges -Cap. consump. allow., NIPA 36 + Reval. of fgn. dir. invest. 37 - Reval. of dir. inv. in U.S. Change in net worth (1) Before inventory valuation adjustment. DATA ARE IN MILLIONS OF DOLLARS. -16,277 27 -13,963 200,216 151,413 365,592 28 29 30 31 726 Private Financial Institutions OCTOBER 1985 Private Financial Institutions Sector Stock-Flow Reconciliation Statements IOI ANNUAL FLOWS ANNUAL FLOWS 1945 1946 1947 1948 1949 1950 1951 1952 Private Financial Institutions 1,178 953 1,295 1,260 2,140 1,176 2,207 1 2 + Corporate equity issues 3 - Mutual fui<d shares issued 390 282 297 209 178 96 358 327 357 239 488 297 706 531 2 3 4 - Capital consump.allow., NIPA 114 149 173 186 203 240 259 4 Net investment flow, balance sheet basis 1,172 892 1,204 1,105 2,055 1,127 2,123 5 Reval.o life insurance and pension fund reserves Change in liability -Net claims issued 3,774 3,774 3,945 3,945 4,259 4,259 4,464 4,464 5,779 5,779 5,411 5,411 7 6,662 6,655 6 7 8 9 - Reval. of mutual fund shares 10 Change in value -Shares issued 11 -249 33 282 -94 115 209 7 103 96 1,228 1,555 327 35 274 239 -160 137 297 -81 9 450 10 531 11 12 - Depreciation valuation adj. 13 Depreciation charges -Cap. consump. allow., NIPA 14 149 149 1 174 173 186 186 -1 202 203 — 114 114 240 240 12 259 13 259 14 15 + Reval. of physical assets 16 Change in value Depreciation charges 17 -Gross purchases, F/F basis 18 276 337 114 175 237 337 149 249 -31 148 174 353 -131 40 186 357 99 291 202 394 64 255 240 431 -63 234 259 556 R valuation by type of asset Residential structures Nonres. plant & equipment 276 33 243 237 46 191 -31 29 -60 -131 2 -133 99 38 61 64 28 36 -63 19 17 20 -80 21 50 35 -13 -18 44 42 57 22 -147 191 338 -66 348 414 -73 288 361 1,628 2,506 878 358 1,347 989 120 845 725 166 23 1,609 24 1,443 25 41 -1 1,233 1,078 1 Gross inv.,flow of funds basis 5 - 6 7 8 19 20 21 22 + Change in the value of land holdings _ 2 3 + Reval. of corp.equity hldgs. Change in value -Net purchases 25 26 + Other revaluations 27 = Change in net worth "DATA ARE IN MILLIONS OF DOLLARS. Ill - - - 1,600 - - - - - 1,356 - 2,522 - 1,513 15 16 17 18 3 26 2,360 27 OCTOBER 1985 Private Financial Institutions 102 ANNUAL FLOWS 726 Private Financial Institutions Sector Stock-Flow Reconciliation Statements ANNUAL FLOWS 1953 1954 1955 1956 1957 1958 1959 1960 Private Financial Institutions 1 Gross inv.,fiow of funds basis 1,940 3,472 2,287 2,189 1,873 3,189 2,814 3,434 1 2 + Corporate equity issues 3 - Mutual fund shares issued 610 408 856 522 832 780 1,378 1,049 1,409 1,070 1,798 1,596 1,965 1,698 1,584 1,383 2 3 4 - Capital consump.allow., NIPA 278 293 322 366 406 427 457 491 4 1,864 3,513 2,017 2,152 1,806 2,964 2,624 3,144 5 4 7,262 7,258 53 7,758 7,705 2,265 10,273 8,008 5 8,348 8,343 -662 8,304 8,966 2,733 12,121 9,388 1,246 12,122 10,876 88 10,634 10,546 6 1 8 9 - Reval. of mutual fund shares 10 Change in value 11 -Shares issued -193 215 408 1,441 1,963 522 949 1,729 780 159 1,208 1,049 -1,402 -332 1,070 2,931 4,527 1,596 879 2,577 1,698 -175 9 1,208 10 1,383 11 12 - Depreciation valuation adj. 13 Depreciation charges 14 -Cap. consump. allow., NIPA -1 277 278 295 293 322 322 1 367 366 406 406 427 427 1 458 457 - 12 491 13 491 14 15 + Reval. of physical assets 16 Change in value 17 Depreciation charges 18 -Gross purchases, F/F basis -87 68 277 432 -62 298 293 653 70 495 322 747 122 507 367 752 -159 298 406 863 -175 264 427 866 -107 458 458 1,023 -87 13 -100 -62 18 -80 70 24 46 122 21 101 -159 16 -175 -175 17 -192 -107 24 -131 -125 19 31 20 -156 21 4 68 106 154 81 106 189 84 22 -221 1,075 1,296 3,052 4,787 1,735 4,774 6,416 1,642 304 1,802 1,498 -2,610 -416 2,194 8,226 10,831 2,605 2,926 6,273 3,347 188 23 3,605 24 3,417 25 -2 1 -1 114 -2 26 1,748 5,078 3,752 3,620 3,376 27 = Net investment flow, 5 balance sheet basis 6 7 8 19 20 21 22 - Reval.of life insurance and pension fund reserves Change in liability -Net claims issued Revaluation by type of asset Residential structures Nonres. plant & equipment + Change in the value of land holdings _23 + Reval. of corp.equity hldgs. 24 Change in value 25 -Net purchases 26 + Other revaluations 27 = Change in net worth "DATA ARE IN MILLIONS OF DOLLARS. - 2,567 -1 1,181 - 5,457 -125 191 491 807 15 16 17 18 HI OCTOBER 1985 Private Financial Institutions 103 726 Private Financial Institutions Sector Stock-Flow Reconciliation Statements ANNUAL FLOWS ANNUAL FLOWS 1961 1962 1963 1964 1965 1966 1967 1968 Private Financial Institutions 1 Gross inv.,flow of funds basis 4,087 4,189 2,359 3,929 3,329 3,332 3,709 6,762 2 + Corporate equity issues 3 - Mutual fund shares issued 2,559 2,125 1,901 1,661 1,739 1,400 2,178 2,006 3,247 3,220 3,710 3,634 2,615 2,535 5,442 4,816 517 537 569 634 720 845 1,002 1,220 4 4,004 3,892 2,129 3,467 2,636 2,563 2,787 6,168 5 4,201 15,275 11,074 -3,266 8,288 11,554 3,906 16,500 12,594 4,050 18,820 14,770 4,073 19,544 15,471 -4,953 12,859 17,812 8,318 25,563 17,245 6,569 25,002 18,433 6 7 8 Reval. of mutual fund shares Change in value -Shares issued 3,724 5,849 2,125 -3,265 -1,604 1,661 2,543 3,943 1,400 1,896 3,902 2,006 2,884 6,104 3,220 -4,025 -391 3,634 6,943 9,478 2,535 2,109 9 6,925 10 4,816 11 Depreciation valuation adj. Depreciation charges -Cap. consump. allow., NIPA 1 518 517 - - 537 537 569 569 -1 633 634 1 721 720 845 845 -1 1,001 1,002 12 1,220 13 1,220 14 15 + Reval. of physical assets Change in value 16 Depreciation charges 17 -Gross purchases, F/F basis 18 -173 337 518 1,028 -225 220 537 982 -86 691 569 1,346 196 993 633 1,430 273 1,429 721 1,877 456 1,859 845 2,248 507 2,074 1,001 2,568 -149 3,626 1,220 4,995 RevaluafIon by type of asset Residential structures Nonres. plant & equipment -173 40 -213 -225 51 -276 -86 53 -139 196 74 122 273 66 207 456 79 377 507 64 443 -149 19 9 20 -158 21 159 151 90 205 322 341 390 276 22 10,743 15,146 4,403 -7,696 -3,468 4,228 8,839 12,728 3,889 8,908 12,904 3,996 9,201 15,227 6,026 -10,119 -4,375 5,744 18,862 27,897 9,035 12,014 23 22,843 24 10,829 25 275 2 -486 -512 1 -212 471 1 26 7,082 2,655 4,037 6,319 5,475 2,007 7,757 9,632 27 4 - Capital consump.allow., NIPA = Net investment flow, 5 balance sheet basis 6 7 8 9 10 11 12 13 14 - Reval.of life insurance and pension fund reserves Change in liability -Net claims issued - - 19 20 21 22 + Change in the value of land holdings _ 2 3 + Reval. of corp.equity hldgs. Change in value 24 Net purchases 25 26 + Other revaluations 27 = Change : n net worth DATA ARE IN MILLIONS OF DOLLARS. 1 15 16 17 18 . , , ^ 726 Private Financial Institutions OCTOBER 1985 Private Financial Institutions 104 ANNUAL FLOWS Sector Stock-Flow Reconciliation Statements ANNUAL FLOWS 1969 1970 1971 1972 1973 1974 1975 1976 Private Financial Institutions 1 Gross inv.,flow of funds basis 4,413 6,685 10,502 9,891 12,345 9,286 6,759 14,339 1 2 + Corporate equity issues 3 - Mutual fund shares issued 7,072 5,735 4,533 2,551 3,137 915 3,224 -61 2,474 -232 1,895 916 509 -307 -215 -2,429 2 3 4 - Capital consump.allow., NIPA 1,538 1,897 2,262 2,642 3,132 3,886 4,617 5,091 4 4,212 6,770 10,462 10,534 11,919 6,379 2,958 11,462 5 -5,956 13,966 19,922 2,275 23,699 21,424 15,314 39,848 24,534 23,370 54,507 31,137 -34,993 1,513 36,506 -37,538 6,622 44,160 33,661 84,726 51,065 10,272 65,609 55,337 6 7 8 9 - Reval. of mutual fund shares 10 Change in value 11 -Shares issued -9,380 -3,645 5,735 -3,327 -776 2,551 7,720 8,635 915 3,541 3,480 -61 -12,059 -12,291 -232 -12,400 -11,484 916 8,190 7,883 -307 5,890 9 3,461 10 -2,429 11 12 - Depreciation valuation adj. 13 Depreciation charges 14 -Cap. consump. allow., NIPA 1,538 1,538 1,897 1,897 2,262 2,262 2,642 2,642 3,132 3,132 1 3,887 3,886 -1 4,616 4,617 — 12 5,091 13 5,091 14 15 + Rf.val. of physical assets 16 Change in value Sspreciation charges 17 18 -Gross purchases, F/F basis 1,364 4,838 1,538 5,012 1,399 4,596 1,897 5,094 1,116 4,344 2,262 5,490 1,141 5,057 2,642 6,558 3,763 8,348 3,132 7,717 6,998 11,103 3,887 7,992 686 3,670 4,616 7,600 1,336 4,003 5,091 7,758 19 20 21 1,364 19 1,345 1,399 37 1,362 1,116 25 1,091 1,141 -155 1,296 3,763 57 3,706 6,998 -100 7,098 686 -799 1,485 1,336 19 -253 20 1,589 21 670 563 256 793 954 1,544 -151 503 22 -16,321 -4,110 12,211 -1,978 9,330 11,308 25,981 45,209 19,228 37,019 53,730 16,711 -54,067 -40,493 13,574 -60,771 -54,658 6,113 45,496 56,154 10,658 19,755 23 32,672 24 12,917 25 -1,260 -8 632 -5,146 4,001 7,798 15,413 17,430 = 5 — 6 7 8 22 Net investment flow, balance sheet basis Reval.of life insurance and pension fund reserves Change in liabilitv -Net claims issued Revaluation by type of asset Residential structures Nonres. pi ant & equipment + Change in the value of land holdings 23 + Reval. of corp.equity hldgs. 24 Change in value 25 -Net purchases 26 + Other revaluations 27 = Change in net worth "DATA ARE IN MILLIONS OF DOLLARS. — - - - - - 9,621 376 4,463 - 7,139 15 16 17 18 2,464 26 19,358 27 # * * • • # e • e - OCTOBER 1985 Private Financial Institutions 105 ANNUAL FLOWS m • 726 Private Financial Institutions Sector Stock-Flow Reconciliation Statements ANNUAL FLOWS 1977 1978 1979 1980 1981 1982 1983 1984 Private Financial Institutions 1 Gross inv.,flow of funds basis 22,050 31,344 33,852 31,557 12,143 13,099 30,797 22,505 1 2 + Corporate equity issues 3 - Mutual fund shares issued 3,391 892 2,325 -62 2,788 66 6,951 5,158 8,187 6,295 22,398 18,396 35,491 32,832 42,761 37,688 2 3 4 - Capital consump.allow., NIPA 5,751 6,735 7,941 9,288 10,602 12,020 13,216 15,008 4 18,798 23,981 25,443 17,433 8,889 5,081 20,240 12,570 5 -15,667 49,435 65,102 3,410 82,793 79,383 22,655 109,563 86,908 53,094 160,329 107,235 -26,624 81,534 108,158 40,070 175,368 135,298 58,669 188,655 129,986 -9,551 107,254 116,805 6 7 8 9 - Reval. of mutual fund shares 10 Change in value 11 -Shares issued -2,033 -1,141 892 491 429 -62 5,311 5,377 66 7,137 12,295 5,158 -5,917 378 6,295 7,222 25,618 18,396 7,008 39,840 32,832 -5,821 9 31,867 10 37,688 11 12 - Depreciation valuation adj. 13 Depreciation charges 14 -Cap. consump. allow., NIPA -2 5,749 5,751 -8 6,727 6,735 46 7,987 7,941 -7 9,281 9,288 62 10,664 10,602 -13 12,007 12,020 -37 13,179 13,216 -549 12 14,459 13 15,008 14 15 + Reval. of physical assets 16 Change in value 17 Depreciation charges 18 -Gross purchases, F/F basis 6,325 9,398 5,749 8,822 7,934 12,667 6,727 11,460 9,041 14,686 7,987 13,632 10,491 14,874 9,281 13,664 7,931 13,264 10,664 15,997 7,366 12,562 12,007 17,203 3,261 9,212 13,179 19,130 7,904 14,801 14,459 21,356 19 20 21 6,325 320 6,005 7,934 635 7,299 9,041 482 8,559 10,491 49? 9,99 V 7,931 428 7,503 7,366 115 7,251 3,261 452 2,809 7,904 19 476 20 7,428 21 1,169 1,941 3,085 4, 068 3,871 2,158 1,597 2,470 22 -18,620 -10,812 7,808 8,428 13,100 4,672 31,983 44,858 12,875 67,751 92,636 24,885 -34,117 -13,190 20,927 51,823 88,901 37,078 84,082 140,444 56,362 -13,983 23 -2,859 24 11,124 25 1,309 -1,258 -330 -11,922 -909 3,760 -3,669 37,744 26 26,683 40,148 44,400 34,226 12,688 22,909 39,871 62,626 27 5 = Net investment flow, balance sheet basis 6 7 8 - R ival. of life insurance and tension fund reserves Gr ange in liability - Net claims issued 22 Revaluation by type of asset Residential structures Nonres. plant & equipment + Change in the value of land holdings + Reval. of corp.equity hldgs. -is Change in value 25 -Net purchases 26 + Other revaluations 27 = Change in net worth "DATA ARE IN MILLIONS OF DOLLARS. http://fraser.stlouisfed.org/ Ill Reserve Bank of St. Louis Federal 15 16 17 18
@FedFRASER