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October 1989 Balance Sheets Flow of Funds Balance Sheets For the U.S. Economy 1949-88 Board of Governors of the Federal Reserve System, Washington, D.C. 20551 Table of Contents iS2®s Balance sheet table*. I-5 National Net Worth 6-10 Net Foreign Assets II-15 Tangible Asset Holdings 16-20 Households 21 25 Farm and Nonfarm Noncorporate Business 26-30 Nonfinancial Corporate Business 31-35 Private Financial Institutions Stock-flow r » ^ n g i l i a t i Q n fahl... 36-40 National Net Worth 41-45 U.S. Net Foreign Assets 46-50 Tangible Asset Holdings 51—55 Households 56-60 Farm and Noncorporate Business 61-65 Nonfinancial Corporate Business 66-70 Private Financial Institutions Federal Reserve Statistical Release C.g Balance Sheets f o r the U.S. Economy 1949-88 " m • I Accompanying the balance sheets is a parallel set of tables that relate changes in net worth that appear in the balance sheets to 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 for 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 of method of measurement is changed. These adjustments appear in the individual sector stock-flow reconciliation statements included here. Subscription information. The Federal Reserve Board charges nominal amounts for subscriptions to all public releases to defray postage costs. The annual cost of the 2.7 release, Flow of Funds Summary Statistics, presently is set at $5.00/ the price of the full Z.l release, Flow of Funds Accounts, has been fixed at $15.00. The cost of the C.9 release, Balance Sheets for the U.S. Economy, which appears twice a year, usually in April and October, is $5.00 per year. Subscription inquiries for these releases should be directed to Publications Services, Stop 138, at the Federal Reserve street address given below. Quarterly or annual data for specific sectors of the accounts, in reasonable scope, are available in printed form from the Flow of Funds Section on request. Computer tapes and diskettes for the entire quarterly data base in the accounts may be purchased from the National Technical Information Service, 5285 Port Royal Road, Springfield, Virginia 22161. Tape and diskette prices are determined by NTIS. (The general information telephone number at NTIS is (703) 487-4600.) Requests and inquiries about the data and historical tabulations of the data should be addressed to: Flow of Funds Section Room B-5100, Stop 95 Board of Governors of the Federal Reserve Systems 20th and Constitution Avenue NW Washington, D.C. 20551 (202) 452-3482 October 1989 National Net North Consolidated National N.t National Net North with Tan.lble. ,t Current Cost l Y*sr-End Outstandings Veer-End Outstanding* 194* 1958 1951 1952 1953 1954 1955 1956 1 2 3 4 5 6 7 745 ,442 590 .674 223 263 203, 761 • 77, 084 > 86. 566 154. 768 854.994 688.4*9 249,242 224*981 94. m 108.189 176,525 952.616 758,085 273,009 251,838 108,823 124.415 194,531 1000.343 797.219 288.153 267.074 108.003 133.989 203.124 1044,338 833.530 300,579 280.890 109.088 142,973 210.808 1090,696 864,745 317.852 293.079 106.734 147.080 225,951 1176,850 933,685 342.427 319,968 113.975 157.215 243,165 1012,198 361,660 355,916 122,745 171,877 272,142 8 9 28.843 10.700 708 32.608 11. 788 1.175 33,335 12,979 1.390 35.786 14.721 1.459 60,199 16.253 1,329 62.442 17,631 1.868 17.435 19.645 65,126 19,395 2.439 18,966 22.505 2,625 19.606 20.439 20,784 21.215 23.875 12 13 14 14 55 2 .941 2 ,490 17 .377 3 .391 2 .925 18 ,605 3 ,658 3 .450 19 .782 3 945 3 .705 20 ,811 4 ,251 3 ,650 9 .224 11, .061 25 .907 5 ,076 6 ,575 28,608 15 23 .929 4 .633 5 .254 11 ,497 12, .132 12, 910 16 24. 563 14, 042 22.820 14, .256 22,872 16,188 23. 252 22, 091 21. 793 21. 753 22,058 • U.S. monetary gold ft SDRs 990,218 1039,599 1083.639 1128,843 1215.745 10 784.193 895,045 Oo ? " t l c n t t worth (1)(2) Reproducible assets (3) Residential structures Nonres. plant 1 equip. Inventories Consumer durables Land at market value u s -- U.S. dir. invest. abroad Fgn. corporate equities Other financial claims owned by U.S. residents U.S. assets owned by foreigners Fan. dir. invest, in U.S. U.S. corporate equities Other flnencial clelms owned by fgn. residents 5.459 6,961 8 9 10 12 13 14 15 16 784,193 895,045 990,218 1039.599 1083,639 1128.843 980.850 1215,745 1084.852 1179.994 1240.544 1292.946 20 21 22 23 24 1347,435 479.264 849.222 248,491 106.375 15.092 1432.070 524,762 951,372 2 78,780 130,319 17,511 570,382 1043,281 299,720 152.812 20,367 607.629 1101.069 302,758 166,498 24,184 1543,437 Private net worth,consolidated 19 637,437 1129.280 305,037 158,268 28.538 25 26 27 666,597 1239,250 310,448 228,910 33,295 155.910 99.549 212,733 708,127 1348,430 321,350 278,455 40,498 167.565 119,586 235,856 177.160 131.785 259,978 759,599 1440,871 339,552 296,041 45,679 180.655 131.294 275,882 184,565 129,540 291.074 188,09* 131,561 305,910 37,083 28,9«4 17.511 9,412 40.689 30,579 20,567 10,257 141,838 368,149 29 30 31 33.394 26.367 15.092 8,065 196,037 134,745 333,099 45,084 32.766 24.184 11.866 50,330 34,733 28.538 12,941 55,271 39,704 33,295 17,728 60,062 43.708 40.498 24.144 66,208 46,475 45,679 25.946 32 70S 1,175 1,390 1,329 1,868 2,439 2.*25 „ - foreign holdings of U.S. *.9*l corporete stock 33 2,490 2,925 3,450 3,705 3,650 34 35 36 37 38 5,254 -202,981 -890 -202,356 265 6.575 -198,73* -3,909 -195,11# 291 -194.380 -5,033 -189.659 312 -204,726 -10,536 -194,533 343 -214,630 -14,026 -200,964 360 -223.918 -17.85$ -206.437 374 -223.487 -21.095 -202.784 392 10.679 6.4*4 6,027 7,644 8,712 11,298 8,106 Household net assets Sector net worth -Equity in noncorp. bus. -Corp. equities held (5)(6) -Pension fund reserves jjenferm noncorp. business Form business Nonfinancial corps. 25 26 27 Pvt. flnan. Inst, net assets Sector net worth •Pension fund reserves -Corp. equities held (5>(*> 28 29 30 31 • Foreign corporete stock Included in lines 23 t 31 u 24*072 -198,508 405 20 21 22 23 24 ,eeter * !"f "•« Mnen.esseti Stat, end local soverneents U.S. government Sponsored credit agencies Monetary authority 9.861 Unallocated financial assets (3) At current cost. ... - , ^ by U.S. residents. (5) Includes holdings of foreign shares. (6) Excludes mutual fund shares. 32 it 34 35 36 37 38 39 October 1989 National Net North - • • «. .. "• * Veer-Cnd Outstanding* i f J J ® • 7 ? e s t l c n e t worth ( D ( 2 ) Reproducible assets (3) Residential stmatwres Nonres. plant 1 equip. Inventories Consumer durables Land «t market value 1351.817 1058.638 375,455 380.6*7 126.341 176.175 2*3,17$ 12 if 15 dlr 17 « Total consolidated national net essets (4) 20 21 22 23 24 Household net essets Sector net worth "Equity In noncorp. bus. -Corp. equities held ( 5 X 6 ) -Pension fund reserves 25 26 Nonferm noncorp. business Ferm business Nenfinenclel corps. 28 29 30 31 Pvt. finan. Inst. net essets Sector net worth •Pension fund reserves -Corp. equities held ( 5 X 6 ) 52 55 • Foreign corporete stock included in lines 23 t 31 - Foreign holdings of U.S. corporate stock 34 Public sector net finan.assets end locel f? m I severmaents 3* U.S. government 57 Sponsored credit agencies 58 Monetary authority 59 Unallocated financial assets 1806 .247 1 1376 .073 2 502 .050 3 4*4 .943 4 155 .567 5 223 .713 6 430 .174 7 58.383 27.409 5.095 62.606 29.827 5.689 67.514 51.865 5.984 74.517 54,717 4,902 27.879 78.83* 37.27* 4.714 29.090 51.665 85.556 40,736 5,145 54.898 *6 »791 8 44 .480 9 5. .270 10 3*.84* 59.675 47, 041 11 52.392 6.115 8,305 56.930 6.604 9.363 58.855 6.910 *.502 43,476 7.392 11.808 17,972 44.043 7.*12 10.33* 20.963 49.625 7.944 12.485 22,643 24.276 55. 125 12 8. 363 15 13,835 14 20,582 26.095 19.507 29.196 17,804 16.947 32.927 15 16.057 15,596 15,471 16 1521.405 1580,60* 1633.723 16*7.2*2 1762,057 1863,584 17 1399.548 Netlonel net worth, by sector (4): 18 Total. all sectors 1* Prlvete net worth.consolidated 1710,530 1502,401 471.540 468.552 14*,508 212,801 <08,12* 16.933 1* • U.S. monetary gold 8 SDKs 1*4*.442 1254.747 459.10* 449,5*3 143.7*1 202.317 591.*95 22.857 n'S* * - m U.S. U.S. corporete equities Otner flnenciel cleles owned by fgn. residents 1585,735 1207.77* 441.5*0 432.260 137.164 196.795 577.956 28.734 5.710 6.091 lnvest 1534.14* 1175.508 425.9*2 420.382 155.508 193.656 558.638 25 . 981 - U.S. sssets owned by foreigners 1476.222 1139.426 409.688 409.015 131.714 189.009 536.796 53,608 25,394 2,235 • Foreign assets owned by U.S. residents e'S* d l r ' ln vest. abroad F n * - corporete equities Other flnenciel claims 11 owned by U.S. residents ® in 10 1408.293 1091.827 390.946 592.660 126.259 181.962 516,466 1454,866 1399.548 1454,866 1521,405 1618.862 1580.60* 1692.311 1765,121 1826,98* 16*7.2*2 1**1.738 2029,53* 1762.057 1863.384 18 2137.326 19 790.220 1452,285 552.065 258.668 51.332 828.701 1616.505 567,298 560.070 60.436 866.710 1697,332 375,203 58*.173 69.246 906.742 1742.*76 381.075 578.431 76.728 215.861 148.606 592.895 942.67* 1900.139 590.883 477.928 88.64* 220.501 157.846 408.240 *78.351 1889.835 401.662 416.183 *3.639 225.008 161.500 428.672 1017,1*0 2024.673 412.778 488.694 106.041 229.810 162.650 437.039 73.280 47.478 51.332 25.530 235.101 167.508 450.012 '77.023 52.94# 60.436 36.361 241.*74 171.708 463.555 83.231 56.619 69.24* 42.*34 247.720 177,482 477,545 90.748 60,259 76.728 46.23* 257,237 25 184,083 26 500,442 27 *4.661 67.3*7 88.64* 61.38$ 106.150 70.40* *3.63* 57.8*5 109,62* 74,21* 106.041 70,628 117.8*0 80.514 120.821 83.445 2.233 5.095 3.*89 3.*84 4.902 4,714 5.145 5.270 32 6.091 8.305 9.3*3 *.302 -225.333 -28.734 -1*7.042 443 11.808 -241.954 -54.242 10.33* 12.485 -250.758 -41.724 -20*.573 53* 13.835 33 -2*0.211 478 -249.173 -58.410 -211,271 508 -45.517 -215.27* 585 -2*7.847 -48,273 -220.214 *40 -272.021 -50.838 -221.882 69* 9.719 11.131 10.87* *,023 11.882 -208.1*0 *.877 si £ • » ! • ' " J s r s w a r s a , . i ! Hi;::: z : r : Z i z : r i 1633.72$ 188*.*61 *.**6 1077,674 2162,619 428,434 535.690 120.821 -278,751 -53,6*8 -225.801 748 - 20 21 22 23 24 28 2* 30 31 34 35 36 37 38 13,374 3* October 1*8* National Net North Consolidated N.tlon.l Not A „ . t , T.,„bl„ Y##r-End Outstandings ins in* •t Current Cost Year-Cnd Outstandlnss 1**7 1968 1970 1971 1972 1920.051 1466.972 526.16$ 535.711 169.055 236.061 453.081 2095.633 1602.086 547.478 590. M l 115.170 258.487 693.547 2228.602 1717.644 596.380 640.677 197.577 283.210 510.958 2418.078 1905.027 667.851 709.247 211.752 314.217 515.051 2652.689 2092.814 751.905 784.785 252.596 545.730 559.875 2828.894 2250.089 772.214 865.151 240.510 372.454 578.805 3079.907 2462.515 860.459 950.521 257.804 395.751 617.592 8 9 10 2707.998 964.656 1055.065 285.595 424.684 688.345 105.882 49.285 5.048 110 .519 51 .007 4 .324 121.158 55.329 5.238 11 132.420 58.547 6.452 49.551 141.475 63.704 6.955 54 .988 147.041 70.269 6.575 67.421 81.505 10.557 U.S. dir. Invest, abroad 60.591 159.171 76.388 7.641 70.818 70.199 75.142 12 13 14 81.626 57.313 8.797 14.599 58 690 9, 054 • 12, 645 Otmer^[n!nclI/cllilr owned by U.S. residents 77.761 9.923 25.511 87.740 10.815 29.517 15 33.917 94.084 11.818 26.761 36. 995 98.968 13.270 27.209 42.327 127,572 15.914 30.811 47.408 151.585 14.868 39.059 16 14.065 55.505 15.255 58.489 12.065 82.647 10.892 97.658 11.859 11,925 11.400 2160.497 2284.064 2473.650 2711.959 2888.890 3123.106 1980.687 18 1980.687 2160.497 2284.064 19 2473.650 2257.071 2711.959 2439.711 2888.890 2593.503 3026.503 3224.289 3492.183 * 8 9 10 U S" «»«ets owned by foreigners Psn. dir. Invest, in U.S. 12 15 14 OthirllnZnclIl'cl^X* owned by f,n. residents 12.445 • U.S. monetary sold ft SDRs n 3430*8.7 * *uon•l 3123.106 2795.198 Reproducible asset! II! Residential structures Nonres. plant ft equip. Inventories Consumer durables Land at market value 17 18 20 21 22 25 24 1140.715 2326.595 449.617 600.495 135.770 1241.299 2403.459 477.090 540,920 144.150 1340.549 2675.742 495.854 676.319 165,020 14 77.816 2974.897 504.716 806.938 185.427 25 26 27 266.495 196.905 529.962 1589.465 3031.236 548.039 699.111 194.625 286.77* 204.636 569.568 1699.146 3162.411 567.522 682.652 215.291 293.975 214.926 606.614 1852.502 3488.358 610.572 777.960 247.524 313.455 205.657 653.063 2019.085 3855.257 674.218 861.986 297.948 28 29 30 51 122.994 85.880 135.770 98.656 329.910 234.547 713.544 137.429 87.540 144.150 94.261 543.463 240.709 767.856 157.441 94.529 165.020 122.108 369,108 259.424 857.995 143.207 102.677 185.427 144.897 159.059 104.897 194.625 140.481 915.750 175.155 109.556 215.291 149.512 175.154 120.600 247.524 194.970 32 5.048 4,324 5.258 6.452 6.953 6.575 7,641 35 14.599 12,643 25.511 34 35 36 37 38 29,517 -281.662 -56.151 -226.314 803 26.761 -287.915 -59.987 -228.777 849 27,209 -306.322 -64.909 -242,304 8*1 30.811 -519,764 -68.942 -251.728 906 -320.851 -76.250 -245.542 941 -$41,547 -85,175 -257.552 958 -375.585 -95.851 -280.587 1.053 14.829 17.020 17.1$< 26.095 26.804 27,478 25,281 3825.878 Private net worth.consolidated Household net assets Sector net worth -Equity in noncorp. bus. Nonflnanclal corps. 196.216 135.360 27 """ fi » litis " m 20 21 22 u s -- '"E-EE 24.945 Unallocated financial assets . . K.ss,as:s"^'s-trss, . At current cost. (5) Includes h o l d l n s s ^ ^ ^ r e l ! ! 1 ! ^ ! ; . (6) Excludes mutual fund shares. „ E 59 October 1989 National Nat North Veer Cen,ell< * E n d Outstandlnss "t,d N e t , " e l Net • » » T.n„»l., lt National Nat Worth current c.,t Veer-End Outstandlnss 1 2 Z J 5 J 7 ? e , * l c n e t worth ( 1 X 2 ) Reproducible assets (5) Rasldentlel structures Nonres. plant 1 equip. Inventories Consumer d u r s M e s Lend at market value b * f ;::j ? J l " " " # v u 3907.883 3090.676 1109.890 1157.661 352.625 470.500 817.207 - U.S. essets owned by forelgners Pjn. dir. Invest, in U.S. U.S. corporete equities Other financial claims 15 owned by fjn. residents 12 1$ 14 U U.S. monetery sold g SDRs 17 « Total consolidated national n «t assets (4) < 19 Private net worth,consolidated 25 26 27 Household net essets Sector net worth -Equity in noncorp. bus. -Corp. equities held C 5 H 6 ) -Pension fund reserves Nonfarm noncorp. business Ferm business Nonfinenclel corps. 28 Fvt. finen. Inst, net essets 29 Sector net worth 30 * * p anslon fund reserves * 31 -Corp. equities held ( 5 M 6 ) 32 5557.625 4358.259 1532.355 1709.871 465.282 652.755 1199.386 6519,155 4912,152 1785.154 1895,798 505,685 725,497 1407.025 7404.825 5703.492 2095.090 2199.699 588,241 820.462 1701.555 8497.588 6466,657 2407.598 2459,108 674,857 25 294 2050.751 190.262 91.715 10.026 215.596 100,364 9.011 245.414 114. 143 9.585 285.273 126.585 9,455 306.971 135.382 88.521 10.110 106.221 373.282 151.761 11.256 121.689 429.464 178.240 14.854 149.257 161.479 492.467 8 208.467 9 19.166 10 210.285 256.590 157.966 20.556 33.516 264,854 11 172.778 25.144 24.221 185.845 27.662 35.315 215.115 30.770 42.949 103.894 248.752 34.595 39.779 125.415 515.018 42.471 42.097 120.870 548.742 54.462 48,518 139.396 174.378 404.607 12 83.046 13 64.569 14 14.026 228,450 15.954 245,962 13.995 256.992 15 14.548 15.229 15.896 15.770 16 7*78.31S eS,2.004 3953.997 4637,408 5057.424 6v ,,etor 18 20 21 22 25 24 4981,921 3959.006 1365.500 1570.979 428.828 595.699 1022.915 13.818 -$- p* s * d l r - invest, abroad Fgn. corporate equities Other financial claims owned by U.S. residents 4580,564 3652.281 1262.175 1422.612 423.315 544.179 928.283 • Forelsn corporate stock included in lines 23 8 31 - Forelsn holdlnss of U.S. 33 corporate stock | " S K S s S 39 Unallocated financial assets 3953.997 4637.408 5057.424 4345.156 5062.499 5569.957 S««J.77« (Ml.722 7478.318 8592,006 6220. H I 9680.594 18 7016.014 8146.514 9515,911 10492.115 19 2528.711 4196.193 900.529 459.864 307.089 2758.957 4745.765 984.032 598.611 402.165 3075.911 5565.555 1115.704 712.879 461.059 <62.206 372.053 1022.021 3474,252 5920,595 1270,221 668,470 507.452 516.241 411.579 1308.377 5971,569 6755.655 1516.676 665.875 601.757 552.671 461.555 1458.521 4475,689 7764,629 1779.588 812.156 699,596 616,224 552.855 1611.979 4945.20! 8927.000 2052.832 1111,525 859,642 246.662 148.528 302.483 204.349 726.682 582,611 1778,885 297.791 148.32# 507.089 157.626 875.600 687,207 2064.526 558,255 151.655 402.165 215.561 1058.275 795.999 2570,656 584.012 172,598 461.059 249,625 1216.648 25 875.951 26 2714,287 27 455,584 187,895 507.452 241,761 548.012 222.841 601,757 276,566 659,292 258.956 699.596 319.060 10.026 9,011 9,585 9.455 10,110 11,256 14.854 33.516 24.221 55,515 42,949 -391.136 59,779 42,097 -485,621 -95,250 -592.570 2,199 48,518 -305.715 1.4*0 -405,841 -89.925 -317.846 1.928 -546,158 5 682 -452.986 2.550 -588.652 -81.979 -509,55# 2.885 -624,479 -76.652 -551.252 5.405 -644.918 -69,705 -579.176 5.961 25.467 -4,040 -1.164 2.449 -5.991 -12.856 -45.505 -86.881 iiiEsE-tTE-ir-"- 9680.594 17 2242.214 4017.423 809.165 663.561 302.483 il E E i E r l D,t, sr. in eillien, S««J,77« *578,964 7245,115 2676.405 2807.427 759.512 1019.969 2555.851 744,028 500,758 859,642 396.572 20 21 22 25 24 28 29 50 31 19,166 32 64,569 33 -700,622 -71.999 -652,921 4,298 - 34 35 26 37 38 -65,496 39 October 1989 National Net North Consolidated N.tl.,., Not Year-End Outstanding# 1*1 National Net Worth with T . n „ b l . , , t c„rr.„t c.,t 5 Year-End Outstandings 1*2 1*3 1*4 1*5 1*7 10604,105 7*9,046 2929.454 3175.130 788.9W 1096.474 2615.759 1*24.605 8151.359 2893*937 334**274 7tt.4Sf 1141.419 2649.244 11394,911 8557.227 3112,749 3450.404 787,190 1206,882 2837,684 11977,941 9082,676 3308,357 3630,176 858,166 1285.977 2895.265 12480.070 9515.842 3482.951 3771.680 863.542 1397,669 2964.228 13183.063 10024,157 $686,952 3949.846 853.268 1534.091 3158.906 14157.913 10774,733 4050.101 4142.766 920.690 1661.176 3383.180 538.318 224.826 17.360 554,281 213.347 18.568 575,132 215,934 25.864 579.662 221.941 27.017 296.132 602.75* 237.671 39.286 322.366 657.314 262,353 50.004 333.334 702.032 306.688 54.659 330.704 325,802 344.957 340,685 12 13 14 416.853 108.714 64.391 1 5 433.186 124.677 76.279 503,196 137.059 96,357 590.363 164.581 94.548 243.748 726.942 184.613 123,684 232.230 932,194 220.412 166.641 269.780 1099.980 271.788 173.418 It 331.234 1296,830 328,851 1*424 15.246 418.645 16,3* 545.141 16,146 654,774 16.737 769,555 18.383 19.459 21.361 20.789 11983.977 12374.270 12927.642 13781,326 8 9 10 17 10741.516 10962.0* 11482,993 10741.516 10962,0* 11412,993 11646,675 11*3,977 12374,270 12927.642 12783,977 13513,638 14115.974 14944,227 16009.089 041 330 789 997 925 394 738 322 62 ;727 ! « « Domestic net worth CI)(2) Reproducible assets (3) Residential structures Nonres. plant t equip. Inventories Consumer durables Land et market value u s *:i:: r::%' -- 8 9 =:?• d l r * abroad Fsn. corporate equities Other financial clelms *"""d by U.S. residents 10 U.S. assets owned by foreigners j-sn. dir. invest, in U.S. 12 13 14 Othi/MnJnJm'cmir owned by f S n. residents U.S. monetary sold t SDRs . . « » * ~ t i - 1 17 13781.326 12033,641 14964 11410 4235 4364 1003 1805 3554 18 16930.838 Private net worth.consolidated 19 9030,263 Household net assets 20 15631,859 Sector net worth ?1 2391,961 -Equity In noncorp. bus. 22 1824,904 *dultles held C 5 M 6 ) 23 2384,731 -Pension fund reserves 24 20 21 22 23 24 5457,920 9677.001 2257.114 1051.231 910,736 5653.865 10137.732 2229.342 1173.237 1081,288 6177.850 11059.763 2278,938 1322,892 1280,083 6680,732 11640,680 2235,069 1322.846 1402,033 25 1454,397 858.931 3044.073 7156.735 12690.950 2196.664 1684.714 1652,837 1469,118 811,812 3163,307 7779,019 13747,346 2231.042 1849.203 1888,082 1532.083 796,497 3249,811 8470.585 14587,616 2338,808 1718,732 2059,491 1589.108 686,245 3348.444 935,539 325,472 1081,289 471.221 1701,032 556,338 3449,158 1027,736 349,974 1280.083 602.321 1786,255 580,085 3544,094 29 30 31 831.354 309.656 910 .736 319 .031 1629,999 599.001 3401,270 1209.109 410,913 1402,033 603,837 1328,969 451,437 1652,837 775.305 tie!'52 3652,921 tf o n f e r e noncorp business 9 r m 6u81n «ss Nenflnanclal corps. 1458,680 501,851 1888,082 931,260 1608,070 521,2* 2059,491 972.719 1129.479 551,451 2314,751 1104.710 32 17 ,360 Pvt. flnan. Inst, net assets 21 Sector net worth 29 ^Pension fund reserves JO -Corp. equities held (S)(4> 31 25.144 27.017 39,286 50.004 54.659 62.727 33 64 .391 76.279 94.357 94.541 123.684 -939,799 s»86.020 859 1#2 6,103 166.641 -1124.513 #2 059 -1049.424 4.970 173.418 -1300.923 -74.750 -1234.010 7.137 -1499,329 -60,394 -1445.329 6,394 -1719,464 -52.430 -1672,997 5,961 -1923,302 -60.415 -1149,136 6,319 2 6 27 2 # 34 35 36 37 31 -786.802 -81.265 -710,333 4. 796 39 -71.326 #56# -74,033 -105.979 -161.207 -157.977 -1M.OJ -IM.7W I*.424 7.447 Foreign corporate stock Included in lines 23 1 31 I E E E Sponsored credit agencies Monetary authority *240*017 Ufiallocttd Mn.nel.l (4) Excludes mutual fund shares. 32 Foreign holdings of U.S. corporate stock C3) At current cost. Date are In ml111ens ef dollars. 25 26 27 i 37 M 39 October 19*9 Net Foreign Assets Year U.S. and Foreign Assets Outstanding ~Cnd Outstandings Year-End Outstandings 1950 1951 1952 1955 1956 wet Foreign Assets 1 U.S. 15.231 Foreign essets e w e * fey 2 U.S. residents Bank To To To 12 13 14 Commercial paper Acceptance liabs. to banks U.S. government loans loans n.e.c. foreign official foreign banks other foreign 15 16 Security debt Trade debt 17 18 If 20 Miscellaneous U.S. assets U.S. eq. in IBRD. etc. U.S. government deposits Otn d l r " l n v • 'broad (l) 22 U.S.a U.S. checkable dep. U.S. time deposits Nat interbank claims Security RPs U.S. corporate equities Credit market Instruments U.S. government securities Official holdings Private holdings U.S. corporate bonds CI) Leans to U.S.nonbank borr. Open market paper Security credit Trade credit 37 38 3$ Miscellaneous fgn. assets 17,142 20,597 1 2 lnve,teent 28,843 32.608 55.335 35.786 38.021 40.285 45,049 1.462 49,005 10 1.446 57 1.426 91 1.462 75 708 13,919 2.871 1.367 114 1.175 14.038 3.122 1.185 158 1.390 14.679 3.399 1.459 15.140 3.426 1.044 129 1,608 138 946 80 328 538 1,329 16.268 3.314 664 1.868 16,554 3.264 855 279 279 297 2,625 17,446 3.381 302 202 817 326 355 136 2,459 16,579 3,071 727 225 266 238 1.196 422 449 525 1,413 427 45# 528 1.789 8 500 9 579 10 710 11 58 10.044 119 10.133 177 10.286 157 10.702 197 12,030 32 413 271 11.823 55 455 310 11,785 36 482 12 477 13 11.799 14 12.295 635 287 10.700 673 36 465 15.447 635 322 11.788 2.702 66 532 15.259 635 336 12.979 1.309 66 586 17.132 635 337 14.721 1.439 60 15 728 16 18.444 655 305 16.255 1,251 19,920 635 412 17.631 1.242 22,206 635 725 19,395 1,455 26.400 670 1.266 22.505 1.959 17.377 18.605 19.782 20.811 2,035 1.954 1.075 25,929 1.700 1.666 1.676 25,907 1.950 1.807 1,75# 1.49# 2,40# 2#.60# 22 1.682 1,708 2,900 1.729 1,552 2,799 1.846 1.755 25 2.657 24 2*196 25 2.490 3.371 2.900 2.900 2,925 4.819 4.300 4.300 3.450 4.894 4.278 4.27# 3.705 5.136 4.46# 4.46# 3.650 5,810 5,055 5.055 5.254 6,450 5,466 5,466 6,575 6,676 5,805 5,805 359 574 580 454 160 6.961 7.261 6.0#f 6.089 501 671 17 18 19 20 21 26 27 2# 29 30 31 32 33 34 ln U.S. 527 317 525 144 202 295 75 521 35 36 Other* 16.354 1*88 1.727 848 Foreign corporate equities Credit market Instruments Corporate bonds 8 9 10 11 26 27 28 29 30 31 32 33 34 17.210 14.655 U.S. private deposits 5 6 7 23 24 25 16.004 26 423 * 21 14,750 87 552 84 576 82 417 5.857 2.$41 896 76 567 4.152 5.591 741 101 529 4.759 5 65# 1.101 84 574 4.927 5.945 9#2 86 35 481 36 520 251 069 5,47# 4,655 #45 6,021 5,076 945 7.213 57 5.459 3# 1.754 39 401 October 1989 Net Forelen • U.S. end Foreign Assets Outstanding Veer-End Outstandings 1*57 1*5# 1*5* Net 1 24.874 25.676 Year-End Outstandlngs 1*60 1*61 1*62 1*63 51.041 34.795 35.*51 <1.666 U.S. *5 556 M.m Foreign Assets 28.65* 2 55.608 U'lai 62.606 67.514 74.517 78.856 5 * 5 6 7 1.975 131 1 » *58 14* 1.997 132 1 555 148 1.806 236 1.165 790 8 9 10 11 I .247 751 1,201 1.097 2.233 18.765 3.816 5.095 20.765 4.734 3.689 21.436 5.207 3.984 23.215 5.784 4.902 25.456 2.647 8*2 656 1 .09* 6.221 5.145 50.794 2.106 678 569 859 4.714 27.544 7.215 2.861 888 722 1.251 3.010 861 765 1.384 8.208 5.740 988 1.015 1.759 5.270 34.995 8.675 4.155 1.055 1.246 1.874 4.785 914 1.412 2.459 6v 6.512 959 1.968 5,605 U.S. prlvete deposits Bank loans n.e.c. 8 9 1 frln ofca ° *e, fiil To foreign banks To other foreign 12 15 14 688 12.155 12.772 558 12.810 15 16 1.195 13.228 60 816 1.788 15.707 77 794 1.752 14,424 87 877 2.225 15,576 17 18 19 20 21 84 1.641 2.621 17,187 29,650 670 1.845 25.594 1.721 121 1.710 31.545 670 2.13* 27.409 1.327 85 2.219 34,388 670 2.382 29.827 1.509 108 1.841 36.887 824 2.910 31.865 1.288 91 2,606 40.286 995 5.171 34.717 1.405 Security debt Trade debt ,, JJ 42.521 1.117 3.416 37.276 512 45.6*0 1.179 3.863 40.736 51,551 1,22* 5,882 44,480 1,940 "it-"" J > 55,125 U.S.i 612 10 11 Commercial paper » 22 28.754 32.392 36.950 25 24 25 38.855 2.102 2.533 1.959 45.476 2.006 3.414 2.111 44.043 2.140 2.575 2.132 49,625 26 27 28 2* 50 51 52 33 34 2.122 2.859 2.960 5.098 2.911 5.087 5.255 5.409 2.981 3.49* 4,260 5,253 6.091 7.475 5.950 5,124 806 591 8.305 7.525 6.035 4,42* 1.606 645 9.363 11.706 10.560 7.954 2.406 58* 9.302 12.610 10.651 8.609 2.042 668 11.808 954 15.064 11.055 8.842 2.195 669 843 10.556 14.796 12.715 10.251 2.464 694 757 1.2*1 12,485 15,8*5 15,705 11.066 2.63* 751 15,855 16,908 14,52* 11.498 2.851 95* 1.560 11* 500 1.387 107 664 1.437 112 787 1.620 149 1.036 112 1.078 8.243 6.604 1.63* 10* 1.470 8.103 116 1.841 8.525 7.5*2 *51 8.0** Security credit Trade credit 8.676 7, *44 732 8.735 8.56$ 572 * 1 Z ? e l l a n e e u $ ***" assets Other* l n v e , t e e n t l n U.S. 55 36 37 38 3* 92 566 7,916 5,710 2,206 8.414 6.115 2.2** 6.*10 1.1*5 7.612 486 liiii BJEsif"'! Security RP* . Cr d J ^ "rl*2!un* »ktl1rwt ^ prlvete holdings U.S. corporate bonds (1) ji J2 OfflclilfthIiii^Urltles \i e,rr - EiiHEiEEiEEEHrlrn-iHE'" u 55 56 57 38 59 October 1999 Net Foreign Assets 8 Veer-End Outstanding Yeer-End Outstandings 1945 1 U.S. 2 44,549 Foreign assets ewnetf by U.S. residents $ 4 U.S. privete deposits 5 4 7 Foreign corporete equities Credit earicet Instruments Corporate Bonds 8 9 10 11 Bank To To To 12 Commercial paper Acc.eunc. 11,b*. to U.S. government loans IS 14 15 16 17 18 19 20 21 loans n.e.c. foreign official foreign banks other foreign Security debt Trade debt Miscellaneous U.S. essets U.S. eq. in IBRD. etc. U.S. government deposits U^S^dlr. lnv. ebroed (1) 22 U.S.essets owned by foreigners 25 24 25 U.S. checkable dep. U.S. time deposits Net Interbank claims 24 27 28 29 30 51 32 33 54 Security RP$ U.S. corporete equities Credit market Instruments U.S. government securities Offlclel holdings Private holdings U.S. corporate bonds (1) Loens to U.S.nonbank borr. Open market paper 55 54 Security credit Trade credit 57 58 59 Miscellaneous fgn. assets Direct investment In U.S. Other 1944 51,429 1947 45,597 1949 1970 1971 1972 44.480 47.591 48.075 51.799 22.081 1 2 105,882 110,519 121,158 152.420 141.475 147,041 159.171 1,444 781 175.444 1,447 885 2,765 1.055 4,818 1,587 5.048 57,452 9,135 5,105 1,175 4,524 59,454 9,870 2,544 798 5,258 45,557 11.084 865 1.254 4,452 44,045 12,170 704 2,172 7,101 1,044 4,955 49,245 15,198 5,919 4.495 975 1.847 5.875 7,641 56.575 15.012 2,118 7,051 940 2,249 5,842 6,575 52,051 14,072 4.294 77 4 1.907 5.415 4,029 765 2,095 5,149 5,824 425 2,051 5,170 7.291 804 2.572 4.115 10.589 8 1.002 9 5,528 10 5,859 11 2,501 18.715 2,540 19.995 5,015 22.545 2,854 24.745 119 2,550 5.149 24.849 128 2,885 5.948 28.187 298 5.598 4,270 50.000 508 5.797 - 12 5,224 15 51,445 14 54,288 1,290 5,898 49,285 1 >817 278 4.418 40,998 1,290 4,145 51,007 4,538 279 5.581 45.047 1.575 5.955 55,529 4,412 514 4.107 49.195 1.510 5,890 58.547 5.248 405 15 4,574 H 74,105 1.494 5.801 45.704 4.904 79,195 1.929 5.817 70.269 5.180 84.457 2.181 5.455 76.sea 4,255 57,515 58.490 77.741 4,585 4,081 5,850 94.084 4.945 4.415 4.495 98 , 949 5,290 7,479 7,259 127.572 5,851 7.409 9.404 151.585 22 4.175 8.789 14.844 4,494 7,125 10.454 4.505 7.454 5.844 8.270 25 10.580 24 6.797 25 14,599 17,194 14,400 11,557 5,045 812 12,445 14,474 12,852 9,850 5.002 1.452 25,511 18,804 15,255 12,091 5.144 1.504 29.517 19.244 14.929 11.522 5.407 1.491 1.982 24.741 18.775 12,928 8.979 5.949 2.027 2.212 27.209 29.749 22.744 18.418 4.524 2.499 2.247 50.811 54.475 49.557 44,989 4.549 2.990 2.824 15# 2*082 5.820 175 2,448 4.507 511 5.552 4.148 454 4.789 549 8.784 8.797 -11 454 5.850 8.459 9.054 595 9.575 9,925 -550 511 7.245 10.899 10.815 75 544 35 8.242 34 10.474 11.819 -1.542 9.994 15.270 -5.274 12.727 15,914 -1.187 15.478 57 14.848 38 -1,390 39 ' " S S S S H S ? 19*8 10.557 61,120 14.042 92,152 2,451 5,449 Si.503 4.729 St.059 64.80$ 57.454 55.459 4.199 5.041 4.094 17 18 19 20 21 24 27 29 29 50 51 52 55 54 October 1989 Net Foreign Assets Met Foreign Assets U.S. end Foreign Assets Outstanding 9 Year-End Outstandings Year-End Outstandings 1*73 1975 1977 U.S. Net Foreign Assets 32.296 «2.SI» 61,569 72 .158 58 .219 60 .264 80 ,722 87,860 U.S. net foreign assets 2 190.262 215.596 245,414 285 .273 306 ,971 373 .282 429 ,464 •«.«« 3 4 560 3.329 1.857 4.946 2.292 5.772 4 .754 7 ,441 4 ,969 8 .756 5 6 7 10.026 67.416 17.000 S ,421 17 ,131 9.011 81.234 19.372 5 ,060 26 .913 9.585 95,340 26.540 12,986 31,392 9 453 115 839 35 ,070 8 9 10 11 10 .110 129 ,341 40 .121 11.236 157,564 44,098 13.104 1,440 5,128 6,536 17.760 1.705 8.244 7.811 14 .834 172 ,408 47 ,799 19.166 195.724 49.001 21,619 1,964 9,335 10,320 28. 395 2.855 13.534 12.006 31, 449 2, 937 16, 184 12. 328 12 13 14 49. 940 5. 167 25. 707 19.066 52. 994 7. 307 21. 622 24. 065 559 11,147 35.475 1.282 12.358 38. 734 Bank To To To 4,156 33.156 181 11.237 32,684 64,774 11,851 26.300 26,623 15 16 1.847 14.212 41 , 712 2.880 15.030 45. 616 231 8.451 4.553 18.623 48,439 193 11,537 319 12.202 6,955 22.714 52,280 Commercial paper 12 Acceptance llabs. to banks 13 14 U.S. government loans 12.519 13.018 17 18 19 20 21 18.045 100.249 2.799 4.072 91.715 1.663 20,223 106,818 3.445 3.531 100.364 -522 119.904 4,119 3,540 114,140 -1,895 25.583 135,267 5,207 5.407 126.583 70 140.777 5,956 3.374 135.382 -3.935 163.885 6.581 3.505 151.761 2.038 190,026 7.529 3.480 178.240 777 207,616 8,250 3,238 208,467 -12,339 22 157.966 172.778 133,845 213.115 248.752 23 24 25 313.018 11.165 13.392 1.597 348,742 13.991 21.123 362 13,675 22.579 -9,497 16.870 20.680 -15.447 404.607 U.S.assets owned by foreigners 22 19.270 21.006 -16.367 19.022 22.151 -9.955 525 24.221 70.084 61.051 58,271 2.780 3.980 253 4.800 23,462 25,821 -17,119 450 35,313 78,394 68.196 63.834 4,362 4,573 325 5.300 375 42.949 92.432 80.874 73.726 7,148 5,463 495 5,600 U.S. checkable dep. U.S. time deposits Net Interbank claims 31 32 33 34 500 33.516 65.100 57.551 54.099 3.452 3.130 32 4.387 23,445 24,607 9,469 300 39,779 130,253 114,349 106,264 8,085 9,259 645 6.000 4,113 48.318 149,552 124,425 108,513 15,912 13,827 35 36 2.426 42.097 159.918 141.355 130.485 10.870 11,197 901 6.465 333 10.214 8.412 295 12.360 4,395 64,569 174,841 139,323 120.408 18.915 21.985 4.199 9.334 364 14.197 Security RPs U.S. corporate equities Credit market Instruments U.S. government securities Official holdings Private holdings U.S. corporate bonds (1) Loans to U.S.nonbank borr. Open market paper 18,246 20,119 37 38 39 24,235 22,149 20.556 1.593 24,449 29.819 25.144 4.675 27.943 28.370 27,662 70# Security credit Trade credit 37,010 30,770 6.240 34,392 34.595 -203 35 36 53,124 42,471 10.653 64.789 54.462 10.327 TV®** 17.649 Miscellaneous fgn. assets Direct Investment in U.S. Other 37 38 2 6 27 28 2 9 3 0 - 2.888 U.S. official fgn. exchange 8 net IMF position U.S. private deposits 3 4 Foreign corporate equities Credit market Instruments Corporate bonds 5 6 7 loans n.e.c. foreign official foreign banks other foreign 8 9 10 11 Security debt Trade debt 15 Miscellaneous U.S. assets U.S. eq. In IBRD, etc. U.S. government deposits U.S. dir. lnv. abroad (1) Other 17 18 19 20 21 16 23 24 25 26 27 28 29 30 31 32 33 34 October 1989 Foreign Assets Net 10 y,ap ^••r-end Outstendlngs mi 1 U.S. 5 7 8 9 Foreign corporete equities Credit market Instruments Corporate oonds U 12 13 14 Commercial paper Acceptance llabs. to banks U.S. government loans loans n.e.c. foreign official foreign banks other foreign 15 Security debt Trade debt 17 18 19 Miscellaneous U.S. assets U.S. eq in IBRD, etc. U.S. government deposits 16 2 0 2 1 Other d l r ' lnv 2 6 27 28 29 30 31 32 33 34 * t1) Security RPs U.S. corporate equities .*."1* * e r k e t instruments 5 x , ? e v e r n e e n t securities Official holdings Private holdings U.S. corporate bonds (1) Leans to U.S.nonbank barr. Oaen market paper 55 34 Security credit Trade credit 37 38 39 Miscellaneous f#n. assets 1987 71.934 -10.701 -124.183 554.281 575.132 579.442 402.759 657.314 702.032 738.347 2 17.560 44.312 17.601 47.591 18.197 41,804 17.340 219.058 54.488 24.808 37.535 18.568 208.670 29.058 44.624 24.437 <5.311 27.017 233.580 47.994 3 4 <7.801 12.421 21.837 33.343 39.284 234.734 71.787 27 .108 41 ,292 61.102 25.864 225.907 44.182 33.785 5.435 15.055 13.295 50.004 236.352 74.905 37.408 8.475 14.151 14.782 54.659 242.947 82.284 50.791 7.402 11.004 12.185 5 6 7 10.829 29.434 54.304 27.945 6.193 9.663 12.089 62 .727 249 .729 89 .223 15.054 38.153 60.574 24.915 6.178 10.699 10.038 21.540 38.031 44.744 23.295 5.260 7.850 10.185 27.721 39.000 68.074 33.923 31.649 69.432 21 .451 8 4 .756 9 7 .798 10 8 • 897 11 37.407 26.273 70.852 41.245 27.648 68.473 50,879 12 24,867 13 63. 309 14 15 28. 737 16 lnve8teent 22.354 21.413 19.780 *218.994 9.300 3.073 224.824 -18.203 19.447 240.815 10.574 3.434 213.347 13.440 18.458 234.754 11.241 3.484 215.934 4.077 21.342 239.282 12.900 5.842 221.941 579 244.747 14.442 3.744 237.471 -9.112 274.818 15.924 2.767 242.353 -4.224 313.336 17.159 304,488 -13,392 <14.853 433.184 503.194 590.343 19.477 28.091 -54.954 a6roed U'S" checkable da, U-S- time deposits Net Interbank claims Other* 1984 24.244 22 U.S.assets owned by foreigners H I* 25 1985 14.829 41.811 Bank To To To 10 121.095 538.318 U.S. privete deposits 6 1983 121.445 Foreign essets owns* kv 2 U.S. residents J « Net Foreign Assets U.S. end Foreign Assets Outstanding - C n d Outstandings 724.942 14.017 34.904 -87.930 932.194 17.494 35,418 -75,441 1099.980 19.542 59.978 -73.177 294,830 22 4.404 44.391 200.373 148.824 124.730 22.094 50.411 13.095 8.041 21.107 43.484 -58.430 5.984 74.279 224.044 141,144 131.815 29,329 40,979 15.412 4.329 23.784 41.027 -45.891 4.448 94.357 247.718 174.744 138.311 38.453 45,543 18.290 7.121 22.383 41.952 -1.773 4.547 94.548 505.587 205.420 143.014 42.404 40.357 31.339 8.271 21.894 23 45.004 24 5.044 25 7.324 123.484 547.918 229.850 141.875 87.975 97.048 52.881 8.119 10.474 144.441 <44.142 275.255 175.025 100.230 137.759 43.948 9.180 12.902 173.418 527.940 515.888 219.827 96.041 156.760 45.845 9.447 14.000 24 198.424 27 627.843 28 584*434 29 242.819 30 121.615 31 180.195 32 54.425 33 8 . 78 9 34 2.881 328. 774 19.559 2. 616 322.877 -16.278 17 18 19 20 21 27.734 in U.S. 27.743 24.425 27.929 127.13$ 108.714 18.421 28.442 134.103 124.477 11,42* 52.357 148.779 137.059 11,720 32.537 149.389 164.581 4.8Qt - 35 54.289 34 193.409 184.413 8.794 237.454 220.412 17.044 290.421 271.788 18.833 350.310 37 528.851 38 21.459 39 October 19*9 Tangible Asset Holdings Distribution of Tangible Assets by Sector Year-End Outstandings 11 Year-End Outstandings 1980 e • • 1 2 5 4 5 6 1951 1952 1953 1955 1954 745,442 258,429 101.594 152,572 229.644 5.401 854.994 305.995 122.719 149.4^0 259,897 J.785 952,414 344,847 154,402 175,759 289,558 4,270 1000.545 573.694 136.859 179,962 305,576 4.452 7 8 9 10 11 12 1044.558 597.857 154.811 184.512 522.585 4.795 205.761 11.291 16.462 26.796 146.192 5.020 1090.696 422.088 137.732 189.980 335.722 5.174 224.985 12.957 19.007 50.090 161.498 3.351 1176.850 460,448 142,431 200.657 367.317 5,997 251,858 14,804 21.440 55,166 178.656 5.770 247.074 15.790 22.750 34.122 190.495 5.919 15 14 15 16 17 18 280.890 16.502 25.565 35.264 201.575 4.184 1284,540 Total holdings of tangibles 504.054 Householdstnenproflt lnsts. 150.569 Fere business 212.549 Nonfare noncorp. business 410.258 Nonfare nonflnan. corps. 6.928 Financial corporations 225.265 129.997 4.573 16.841 67.467 4,585 293.079 17.577 23.670 36.426 210.965 4.441 249.242 150.019 4.816 17.957 71.745 4.725 319.968 19.639 24.810 40.303 230.103 5.113 275.009 168.748 5,029 18,854 75,397 4.981 288.155 182.250 5.077 19.121 74.656 5.069 19 20 21 22 500.579 194.135 5.099 19.151 77.081 5.115 77.084 16.664 11.035 . 49.587 317.852 209.632 5.193 19.342 78.479 5.206 94,155 22.454 15.442 60.219 342.427 231.005 5,369 19.639 81,055 5,559 108.825 24,908 14,215 69.700 108.005 25.507 15.882 70.814 109.088 22.000 14.578 72.710 106.734 21.200 14.276 71.258 555.916 Plant end equipment (1) 22.090 Nonprofit Institutions 25.902 Far* business 44.579 non *? r »>- business 10 257.504 1 5.841 Flnancla^corporatlons*** 0 0 * 112 361.660 Residential structures (l) 13 248.279 14 5.517 15 19.759 Fare business 16 82.643 Nonfare noncorp. business 17 5,462 Nonfare nonfln. corporations 18 115.975 19.900 15,155 78,920 - 122.745 Inventories (2) 19.900 Fare business 15.890 Nonfare noncorp 86,955 Corporations business 25 86.566 108.189 124.415 155.989 24 25 26 27 28 29 142.975 154.768 26.002 51.427 47.276 29.682 581 147.080 176.525 30.012 65.541 50.125 32.615 454 157.515 194,551 55.849 71,200 52,981 56,001 500 205.124 56.588 71.481 55.522 59.000 555 210.808 39.128 70.295 57.789 42.987 609 225.951 42.604 73.520 60.799 48.293 733 245.165 47,120 78,082 64.144 52.955 884 272.142 Land at earkft value 54,295 Housenoldstnonproflt lnsts. 85.008 Fare business 69,457 Nonfare noncorp. business 60.517 Nonfare nonflnan. corps. 1.087 Financial corporation* 612.605 221,149 98.487 145.449 144, 144 3,154 645.828 258.260 100.009 149.576 152.984 3,199 669.565 255.208 98.871 152.559 161.551 3.574 707.691 273.181 102.540 157.554 170.748 3.444 744,144 501,084 108,171 165,459 185,148 4,284 329,852 114,114 174,422 205.974 4,948 30 51 52 53 34 35 499.580 171.042 75.075 129.187 121.652 2.624 558.115 196.744 88,949 157.609 151.944 2.845 19 20 21 22 171.877 Consumer durables (Households) 23 Tetel p,>1 estate Householdsftnonprof1t lnsts. Fare business Nonfare noncorp. business Nonfare nonfin. corporations Financial institutions (1) At current cost. (2) At veer-end prices. 24 25 26 27 28 29 jn 31 55 54 55 October 19#$ Tangible Asset Holdings 12 Tangible Asset Holdings Distribution of Tangible Assets by Sector Ytir-End Outstandings v##r 1957 1958 1959 1*61 1962 ~ 6 n d Outstandings 1*63 1964 Totsl holdings of tangibles HousenoldstnonarafIt lnsts. Farm business Nonfarm noncorp. business Nonferm nonfinen. corps. Financial corporations 1351.817 526.747 158.662 219,296 439,521 7,591 1408.293 551,987 169.340 225,664 453,142 8.160 7 Plant and equipment CI) 8 Nonprofit institutions 9 Farm business 10 Nonfarm noncorp. business 11 Nonfarm nonfln. corporations 12 Financial corporations 1476.222 581,117 175,951 233,370 476.880 8.904 1534 .146 611 ,811 178 .627 240 ,944 493 ,209 9 ,555 1585 .755 633 .963 185 .099 247 .608 508 .781 10 .284 380,667 23.677 26,371 46,993 277,332 6,294 1646.442 659.496 191.469 257.071 527,068 11.338 392,660 25.029 26,867 48,120 285,999 6,645 409.015 26.594 27,487 50.098 297,664 7,172 1710.530 684.885 200.695 265.377 547.336 12.237 13 Residential structures (1) 14 Households: owner—occupants 15 Nonprofit Institutions 16 Farm business 17 Nonfarm noncorp. business 18 Nonferm nonfin. corporations 420 .382 28 .148 27 .590 51 .270 305 .767 7 .607 432 ,260 30 .386 27 .960 52 .717 513 .152 8 .065 375,455 261,335 5,626 19,610 83,342 5,542 649.563 33.032 28,753 54.996 323,884 8.898 390,946 275,396 5,801 19,437 84,562 5.750 468.552 35.774 29,886 57,649 335.628 9.615 409,688 291.490 6.035 19.382 86.705 6.076 425 ,962 305, ,663 6, .241 19, .235 88, 475 6. 348 494 .945 7 38 .729 8 31 .107 9 61 ,148 10 355 ,116 11 10 ,845 12 441 ,560 518 ,004 6 ,564 i 19, .186 91, ,048 6, 758 126,341 21,200 16,370 88,771 459.106 330.988 7.129 19.091 94.537 7.361 126.259 22.600 16,886 86.773 471.540 339,884 7,513 18.795 97,334 8.014 131.714 22,100 16,881 92.733 502, .050 561, 595 8, 505 19. 129 104, 041 8, 984 135. 508 23. 300 16. 618 95. 590 13 14 15 16 17 18 137. 164 23.800 15. 599 97. 765 143.761 25,200 15,780 102.781 149,108 25.700 15.129 108.679 155, 567 24. 500 15, 089 115. 778 19 20 21 22 2 3 4 5 6 19 Inventories (2) 20 Farm business 21 Nonfarm noncorp. business 22 Corporations 1806 .247 727 .082 209 695 279 .761 575 .984 15 .727 1 2 3 4 5 6 23 Consumer durables (HouseholdsJ 176.175 181.962 189,009 24 Land at market value 25 HousenolosAnonprof1t lnsts. 26 Farm business 27 Nonfarm noncorp. business 28 Nonfarm nonflnan. corps. <•9 Financial corporations 193. 656 196. 795 293,179 59,934 91,481 72,591 67,876 1,297 202.317 316,466 63,799 100,436 76,096 74,620 1.515 212.801 336.796 67.989 106.982 79.686 80,407 1.732 358 638 78. 103 108. 502 84, 581 85. 504 1, 948 225, 715 25 577. 956 82. 214 114. 153 88. 244 91, 126 2. 219 391,695 86.030 118.425 91.758 93.042 2.440 408.129 88.913 126.314 95.265 95,015 2.622 450, 174 94, 744 154, 957 99.485 98. 106 2.884 24 25 26 27 28 29 877,502 347,998 122,708 179,663 221,652 5,481 922,327 367,230 131,529 ,185,217 232,381 5.970 969.305 589.081 138.360 192,072 243.248 6.544 1012.614 414.964 139.902 199.566 251.107 7.075 1055.793 453,804 145.962 207,341 260.919 7.767 1096.934 453.627 150.720 216.263 267.707 8.617 1135.820 468.326 158.917 224.556 274.676 9.345 1201. 985 499. 360 168.478 237. 636 286. 135 10,376 50 31 52 55 54 55 Memo: 30 Totel real estate 31 Mousenoldstnonproflt lnsts. 32 Ferm business 33 Nonferm noncorp. business 34 Nonfarm nonfin. corporations 35 Financial Institutions (1) At current cost. (2) At year-end prices. Data are in millions of dollars. October 1989 Tangible Asset Holdings Tangible Asset Holdings Year-End Outstandings 19*5 1 2 V in* 1967 196# 1970 1971 1920.051 766.263 226.082 294.810 617.322 15.576 2095.633 #44 2,4 217,20* 119.04* *77.410 17.477 222#.*02 899.889 250.23* 332.654 726.638 19.185 2418.078 1002.422 242.181 361.384 789.967 22.124 535.711 42. 782 33.313 66.192 380.964 12.460 2652.689 1096.434 273.192 392.318 865.814 24.931 590.951 47.686 36,105 72.705 420.267 14.188 2828.894 1167.540 281.353 417.227 934.953 27.821 640.677 51.320 38.600 77.454 457.368 IS.935 3079,907 1278.091 303.502 458.444 1008.425 31.445 709.247 57.599 41.838 85.050 506.007 18.753 567.478 408.411 10.047 20.011 118.118 10.891 865.131 71.722 49.228 104.299 615.785 24.097 596.380 429.580 10.681 20.517 123,952 11.650 950.521 80.703 53.641 115.702 672.937 27.538 17 18 526.165 378.819 9.034 19,179 109,329 9.804 784.783 64.763 45.609 94.332 558.759 21.340 19 20 21 22 667.831 480.332 12.042 22.070 139.706 13.681 169.035 28.000 15.838 125.1,7 731.905 524.443 13.167 23.387 155.010 15.898 185.170 27.400 16.329 141,441 772.214 551.874 13.720 23.998 165.106 17.516 197.377 27.900 17.102 152.375 860.459 614.337 14.936 25.515 185.471 20.200 211.732 29.100 17.624 165.008 236.061 232.396 31.800 18.346 182.250 258.487 240.310 31.100 19.134 190.076 283,210 257.804 35.400 21.671 200.733 314.217 343.730 372.434 393.731 515.051 138.232 149.173 119.004 105.271 3.371 559.875 150.331 172.396 124.630 108.927 3.591 578.805 157.790 177.027 111 .576 3.724 128.688 617.392 174.384 188.946 135.600 114.555 5.907 1716.078 746.934 217.115 334.432 400.705 16.892 1821.197 788.951 224.590 354.843 434. 192 18.621 2004.780 877.857 240.988 590.652 474,407 20,89* 3 4 5 6 7 8 9 10 11 12 13 14 15 16 24 25 453.081 99.567 145.590 103.451 101.357 3.116 2 6 27 28 29 30 31 52 33 34 35 Dete 1271.117 525.906 180.056 250.257 303.361 11,537 " ' 493.547 119.663 153.690 111 .894 105.011 3.289 1 379 . 981 581.116 190.150 271.11* 324,913 12.68* 510.958 125,098 163.219 114.146 105.245 3.250 1448.405 611.614 201.099 281.664 340.778 13.250 • U l l o n s of dollars. 1562.059 682.810 190.450 307.138 366.66* 14.9*5 « T - E n d Outstandings 1972 1 1 ' EES'::::" IS-! I -; ima ?!'!II Inventories (2) * business 217'?™ " o n f s r e noncorp 217,279 Corporations business « « . « « Cen«u..r dur.bles (Heui.nola.) J3 B E 24 ... 2 . . . 25 * 27 28 E E r E E E ™ 29 Memo; |i:.| •a3 » E E S ; : E F - - » U ) At current cost. <2> At vear-end prices. October 1989 Tangible Asset Moldings 14 Distribution of *„.ts Year-End Outstandings 6y Tangible Asset Moldings s,ctor Vear-End Outstandings 1973 1 Total holdings of tangibles 2 Householdstnentrotit lnsts. 2 Farm business : Confer* noncor*. business 5 Nonfarm nonflm##. corps. 6 Financial corperetlens 7 Plant and equipment CI) Nonprofit institutions 8 » Farm business 10 Nonfarm noncorp. business Nonf.r. non#ln. corporation. 1 l« Financial corporations 13 Residential structures (1) 16 17 18 Far* business Nonfarm noncorp. business Nonf.rm nonfln. corporations 19 Inventories (2) 20 Farm business 21 Nonfarm noncorp. business 22 Corporations 1974 1975 1977 1978 1979 1980 3907.883 1610.115 428.864 597,266 1231.514 40.124 4580,564 1846,295 475.728 687.699 1521.038 49,804 4981,921 1999,707 534,161 741,703 1651,681 54,669 5557.625 2253.408 614.883 822,646 1805,605 61,083 1157.661 98,473 66,380 143,735 813,295 35.778 6319.155 2614.292 677,486 953.995 2004.344 69,038 1422,612 115,095 82,745 172,865 1006-557 44,950 1570,979 120,886 90,914 184,819 1124,220 50,140 7404.825 3077,067 797,886 1136,511 2311,049 82,312 1709.871 129,743 101.589 197,623 1224,508 56,408 8497 .388 3505 .641 927 .297 1353 .885 2618 .467 92 .098 1109,890 791,680 19,450 29,703 246,015 23,042 1895,798 141,601 114.559 219,394 1356,144 64,100 9578.964 3874.877 1022.057 1587.847 2988.346 105.837 1262,175 902.948 21.899 33,620 278.794 24,914 2199,699 167,725 133.912 260,593 1560,828 76,641 1363,500 978.640 23.842 35.656 299.525 25.837 2459 .108 175 ,421 149 .838 291 .896 1755 .579 86 .374 1532,333 1106, 144 26,691 38,804 333,078 27,616 352,625 65,500 27.309 259,816 1785,154 1296,125 30,820 43,801 384,099 30,309 2807,427 7 193,848 8 167.397 9 336.461 10 2010.371 11 99,350 12 423.315 62.400 29,600 331.315 2095.090 1527,137 35,898 49,624 448.918 33.513 428.828 64.300 27.281 357.247 2407 .398 1734 .013 41 .359 54 .431 540,884 36, 711 463,282 60,200 27,910 375,172 2676,405 1902,860 46,487 59.241 628,290 39,527 13 14 15 16 17 18 505,683 59.300 29,454 416.929 588,241 73.700 32,724 481.817 674,837 80. 700 34.882 559 255 739,312 84,500 33,996 620,816 19 20 21 22 23 Consumer durables (Households) 470,500 544.179 24 Land at market value 25 Mouseholds&nonproflt lnsts. 26 Farm business 27 Nonfarm noncorp. business 28 Nonfarm nonfinan. corps. 2' Financial corporations 595.699 652.753 817,207 230,012 267,281 180,207 135,361 4.346 725.497 928,283 261,774 296,963 206,440 158,252 4,854 820,462 1022.915 280.640 343.291 230.078 164.377 4.529 925.294 1199.386 338.077 414,290 264,035 178,309 4.675 1407,023 420.249 459.826 321,048 200,962 4.938 1701,333 525,845 540,650 394,276 234,891 5,671 2030. 751 629.554 642, 328 486.223 266. 922 5. 724 2335,851 711,713 710.919 589,100 317.632 6.4S7 24 25 26 27 28 29 2577,272 1132,182 329,279 515,357 575,415 25.039 2984.943 1293,192 369.480 592,280 700.869 29.122 3238.721 1394.204 420.989 641.967 751.871 29.690 3651.334 1590,247 499.785 716,372 813.543 31.387 4202,970 1877.585 556.547 837.209 897,644 33.985 4987,604 2244.477 655.976 1002.718 1044,393 40.040 5737,010 2566.976 767.791 1201.787 1158.954 41.502 6482.882 2839.494 850.110 1420.872 1326.605 45.801 30 31 32 33 34 35 Memo: 30 Total real estate 31 Mouseholds&nonproflt lnsts. 32 Farm business 33 Nonfarm noncorp. business 35 Flnanc7al°instltutlons >tl0n< CI) At current cost. (2) At year-end prices. Data are In millions of dollars. 1019,969 23 October 19*9 Tangible Asset Holdings Distribution of Tenglble Assets by Sector Veer-End Outstandings 15 Y#«r-End Outstandings 19*1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 19*2 IMS 19*4 19*5 1986 19*7 10604.805 4257.97* 1026.435 1837.819 3362.500 120.073 10*24.605 426*.701 9*4.56* 1934*297 3507.817 129*202 11394.911 4614.510 971.155 2061.311 3611.17* 136.757 11977.941 4*94.553 859.085 2219.481 3849.783 155.041 124*0.070 5187.431 754.406 2367,229 3999.580 171.424 3175.130 212.434 181.202 391 ,737 2277,016 112.741 13183.063 5624.813 691.865 2508.180 4159.005 199.200 334*.274 217.772 181.865 420.209 2406.915 121.513 14157 .913 6166 .889 702 .695 2679 ,717 4384 .929 223 .683 3450.406 233.395 184.328 435.059 2469.044 128.580 3630.176 246.302 183.017 455.239 2599.950 145.668 3771.680 254.353 175.723 475.690 2704.974 160.940 2928.454 2062.051 50.956 63.118 710.350 41.979 3949.846 264.202 170.779 492.282 2835.201 187.382 2893.937 2017.467 50.559 61.872 722.790 41.249 4142 .766 279 .154 168 .155 515 .024 2970 .274 210 .159 3112.749 2187.547 53.263 63.752 765.267 42,920 3308.357 2316.297 56.649 65.618 824.875 44.918 4364.789 Plant end equipment (1) 7 290.704 Nonprofit institutions * 162.491 Perm Business , 537.956 Nonfer. noncorp. business 10 3129.869 243.769 Financlal°corporatlons ,tl0ft * 1" 3482.951 2436.413 59.431 65.960 874.619 46.528 788.988 81.554 33.496 673.93* 3686.952 2603.104 61 .701 65.749 908.664 47.734 771.459 79.248 33.120 659.091 4050 .101 2877 869 67, ,099 68 ,077 985 831 51, -225 787.190 79.365 33.617 674.208 858.166 80.860 36.407 740.899 863.542 71.478 38.842 753.222 4235.330 Residential structures (1) 3042,073 68.637 N^pronrinsu^u^r^^' 67.351 Fere business 1005.423 Nonfarm noncorp. ousiness W. business 51.846 Nonfere nonfin. corporations 853.268 66.277 37.876 749.115 920, 690 69. 221 41 . 804 809. 665 23 1096.474 1141.6*9 1206.8*2 12*5.977 1397.669 24 25 26 27 2615.759 836.063 700.561 702.236 369.567 7.332 1534.091 2669.246 841.214 661.5*3 75*. 17* 400.5*2 7.689 1661. 176 2*37.6*4 933.423 643.710 827.36* 425.006 *.177 2895.265 989.328 529.588 902.960 464.016 9.373 2964.228 1039.565 441.245 978.078 494.856 10.484 3158.906 1161.715 389.060 1069.358 526.955 11.81* 3383. 180 1281.591 397. 242 1137. 058 553 765 13.524 774*.65* 33*6.22* 800.831 1867.172 1639.527 54.900 8105.37* 35*5.324 691.661 2019.341 1747.60* 61.444 8422.327 3764.453 603.482 2161.790 1823.874 68.72* 8881.845 4062.615 551.064 2299.504 1891.191 77.471 9579.100 4474.915 562.747 2465.469 1987.312 8*.657 2 * 29 30 31 32 33 34 35 7206.731 3143.*9* 851.654 1655.019 1505.697 50.463 7301.023 3107.437 812.210 1744.349 15*5.403 51.624 14964.435 Total holdings of tangibles 6560.104 Householdstnonprofit lnsts 733.907 For* business 2769.826 Nonfare noncorp. business 4641.794 Nonfere nonflnen. corps. 258.804 Financial corporations 1003 997 Inventories (2) 75 731 Fare business 45 529 Nonfare noncorp. business 882 1737 Corporations 13 • 17 1* 19 20 21 22 1805.925 Consumer durables (Households) 23 3554 •394 Land at market value 1352 .765 HouseholdstnonprofIt lnsts. 428 • 334 Fere business 1180 '1* Nonfere noncorp. business 577 .342 Nonfarm nonflnen. corps. 15 >035 Financial corporations 24 25 26 27 2* 29 Meeot T 4720.507 592.217 2543.16* 2062.309 9* 563 ° t a l r , e l ****** Housenoldstnonproflt lnsts. Fare business Nonfere noncorp. business Nonfare nonfin. corporations Financial Institutions C D At current cost. (2) At year-end prices. 30 31 33 34 35 October 19*9 Households y 16 »er-End Outstanding* Households *.ct.r B , . .. Sh..t with T . M 1 6 1 . Assets st Current c.,t y 1949 1950 1951 1952 1953 1954 *«r-£nd Outstandings 1955 1956 N . „ . r . m OrsinTziTlanT 1 2 3 4 5 6 7 8 9 10 Tangible assets Reproducible assets Resldentlel strwetures Owner-occupied housing Nonprofit Institutions Nonprofit plant 1 equip. Consumer durables Land Owner-occupied Nonprofit Institutions 11 Total financial assets 258.429 305.993 346.847 373,694 397,837 232.427 134,570 129,997 4.573 11.291 86.566 275,981 154.835 150.019 4.816 12,957 108,189 422,088 312,998 173.777 168, 748 5.029 14.806 124.415 460.448 337.106 187.327 182.250 5.077 15.790 133.989 504.056 358,709 199.234 194.135 5,099 16,502 142,973 26.002 23.399 2,603 379.482 214,825 209.632 5.193 17.577 147,080 30,012 27.003 3.009 33.849 30.375 3,474 415,328 236.374 231,005 5,369 19,639 157,315 36.588 32.805 3,783 447.763 253.796 248,279 5,517 22,090 171.877 39,128 34.944 4,184 42,606 37.734 4,872 47.120 41,581 5,539 56.293 8 49.656 9 6.637 10 939.460 1030,984 1096.092 11 273,024 64.948 97,155 291,229 65,891 105,876 653.348 721,035 780.978 824,307 841,547 219.626 55.977 67,079 229,199 60.112 71,896 247 .143 62 .130 79 .646 261.653 63,229 87,899 1 12 13 14 15 16 Deooslts 8 cr. lent, lnstr. Checkable deposits ft curr. Small time ft savings dep. Honey market fund shares Large time deposits 213.198 53,514 64.629 328 17 18 19 20 21 278 309 .Credit market Instruments U.S. govt, securities Savings bonds Other Treasury issues Agency Issues 370 354 94.725 67,109 49.300 20.898 -3,089 309 96.292 66,244 49.552 19,765 -3,073 190 96.882 65.324 49.081 18.915 -2.672 104 .997 67 .515 49 .173 20 .734 - 2 .392 1 16 110,171 68,332 49.371 21,109 -2,148 110,612 66,390 49,966 18,469 -2,045 119,272 69,623 50,229 20,911 -1,517 10 957 6, .970 19, 089 > 466 126.479 71,464 50.135 22.375 -1,046 17 18 19 20 21 13.873 7,031 20,081 854 15.964 6.162 21,214 882 19,174 6,872 22.476 1,127 21,900 7.846 24,059 - 1,210 22 23 24 25 309,524 67.592 115.452 - 12 13 14 15 22 23 24 25 Tex-exempt obligations Corporate ft fgn. oonos Mortgages Open-market paper 3,724 6,824 16.863 205 26 27 28 5,465 6,764 17.531 288 Corporate equities Hutual fund shares Other corporete equities 5.740 6,973 18,425 420 109.445 3.070 106.375 133.663 3.344 130.319 156,293 3.481 152.812 29 30 Life Insurance reserves Pension fund reserves 170, 429 3. 931 166. 498 162,414 4,146 158,268 52.104 21,051 235,019 6,109 228,910 55,049 24,254 286,293 7.83* 278,455 57,777 27,820 305.0*7 26 9.046 27 294.041 2* 31 Equity In noncorp. business 60, 665 32, 595 63.647 37.479 248,491 66.349 42.654 278,780 49,254 50,546 299,720 72.724 29 54.*90 30 32 33 Security credit Miscellaneous assets 302, 75* 305.037 702 8,357 310.44# 971 8,692 321.350 893 9,276 33$ §52 31 714 10, 003 70S 10,609 911,777 1.020 10.946 1027,02* 899 11.413 1127,825 8*2 32 11.7X3 33 119*. 0(U 1239,3*4 1361.54* 1491,432 1600.14* 34 62.555 75 .656 84 .544 94 .932 110 .104 59.94* 35.2*4 1.515 122 ,29* 71 ,179 41 99* 1 ,97* 145 .002 80 ,051 48 ,622 2 .490 159,277 35 92 .04* 54 ,854 2 953 104 .606 62 ,45* 5 442 115 ,52* 71 ,144 4 ,054 12,232 7.156 135 .323 85 .305 4 .624 15 ,503 8 462 16, 220 9, 149 20 470 10, 075 24 254 10, 582 390 2.391 241,891 11, .095 30 269 12 ,706 667 2, 571 7*5 2. 765 151,305 94,53* 5,299 33.171 13,434 854 2. 902 940 5. 150 1.819 8*4 9*9 5. 575 2, 519 951 814 3, .605 2, 595 1. 034 971 42 3.892 43 2. 569 1. 153 5. 052 1.212 904 4. 151 1.29* 1.007 4,816 1. 381 1. 0*4 4.773 44 1.530 45 1. 142 1.2S4 1.341 1.482 1.669 46 951.372 1043.2*1 1101.069 1129.2** 1239.250 1349.430 1440.871 47 177.022 199.12$ 215.OSS 229.07* 247.344 272.5*4 23.7* 297.935 4* 24.4% 25 4% 27.2% 2*. 7% 30.5% 19.724 31.7% 49 22.024 2J.20S 24.129 25.815 2*49* 31.917 50 41.*47 42.17* 43.110 43.42* 45.14* 47.431 51 34 Total assets 35 Total liabilities 36 37 38 39 40 41 42 43 44 45 Credit market Instruments Home mortgages Other mortgages Tax-exempt debt Installment cons, credit Other consumer credit Bank loans n.e.c. Other loans Security credit Trede credit Deferred and unpaid life Insurance premiums 47 Net worth 4* Total owner-ace. reel estete Heme mortgages as aercant af owner-acc. reel estate 49 50 Total nanereflt real estate s. Data are In milllee* e# tellers. •49,222 U S . 394 21.8* 17.644 17.424 40.154 36 37 3* 39 40 41 October 1 * 9 Households T,n,lbl vt«r-End Outstandings * **stts « t Current Cost 17 1,57 w m , „ „ ~ " 1 P.rs.n.l Trust, 1**2 1963 r . f u l ^ T Z ; — 1$*4 !!l!!II!te= II 1 1 1 1 j i i #=: I1II1!II1« : = = 2 5 • ' . ^ . « , jiBl —I I IZl H I » !- :: „ « : 2 l „ . « „ N.t w r t h <7 : : f : - = == = S r ; : : ' 4f . . *"•"* - u - l a - »»••«» w W u «».i* w . • J7J..0, $< -27$ "•'» — 51 October 19*9 households 18 S.ct.r ,.l.nc. Sh.st w.th T . n , l b l . „ , . t s V»«r-EAd Outstandings , t curr.n, c.st Yesr-Cnd Outstandings Households, Person.! Trusts. 1 Tangible assets 2 I 11 Total financial assets 12 13 14 15 D.»0Slts « er. „kt. instr. z:- 16 Cr * d J t m « r * e t Instruments U.S. govt, securities Savings bonds Other Treasury issues Agency issues 22 23 24 25 Open-m#rket paper 26 27 28 Corporate equities Mutual fund snares Other corporate equities Tax-exempt obligations » • - 29 30 piZft " » reserves Pension fund reserves 31 Equity In noncorp. business ln, renc Security credit Hiscellaneous assets 34 Total assets 35 Total liabilities 36 37 38 39 40 41 1096.434 864.190 492.374 480.332 12.042 57.599 314.217 1278.091 1411,761 I 119.663 102.103 17.560 946.1 OS 537.610 524.443 13.167 64.763 343.730 125.098 107.395 17.703 1689.750 565.594 551,874 13,720 71.722 372.434 138.232 120.083 18.149 1103.707 629.273 614.337 14.936 80.703 393.731 2 3 4 5 6 7 157.790 137.968 19.822 174.384 153.584 1937.148 150.331 131.111 19.220 1217.683 704.217 687.415 16.802 88,782 424,684 20.800 194,078 8 171.854 9 22,224 10 549.091 88.533 287.032 588.662 90.959 305.172 2751.701 3049.260 11 m 8 , "° 638.147 100.808 339.729 »"•«»• ztos.ote 692.209 111.773 366.313 738.225 109.312 380.693 «87t5n 790.814 117.885 410.738 13,647 12 13 14 15 16 239.806 90.789 54.416 21.748 14.625 238,983 88.336 57.667 21.771 8.898 17 18 19 20 21 47.144 33.827 51.543 13.601 45.970 43.225 48.873 10.949 744.688 45.577 699.111 47.484 46.247 49.825 6.891 22 23 24 25 727.152 44.500 682.652 830.966 53.006 777.960 120.324 209.055 125.362 219.770 918.369 26 56.383 27 8*1.98* 28 130.703 240.819 493,854 137.055 277.89* 504.71* 548.039 1*3.930 2# 331.312 30 567.322 610.372 7.039 21.645 *74.218 31 5.221 23.763 4.354 26.347 4.88* 28.651 3413.877 3501,502 3655.0*1 5.022 32 31.319 33 4029,792 44*1,021 34 3.620 4.290 8.568 170,879 77.334 49,695 26.507 1,132 3.197 188.911 86.380 50.249 30.281 5.850 193.320 86.779 51.219 29.295 6.265 15.282 205.555 90.521 51.866 32.535 6.120 36.531 9.040 42.186 5.788 245.025 106.603 51.770 45.528 11.305 <1.151 10.362 44,191 6.827 246.909 100.794 52.089 52.762 15.943 38.208 14.619 45.989 7.725 634.903 34.410 600.493 36.490 19.823 48.448 10.273 574.770 33.850 540.920 47.244 24.662 50.669 15.845 719,291 42,972 676,319 856.467 49.529 806.938 105.876 155.494 110.570 165.127 115.535 187,312 <49.617 477.090 2,533 16.983 2.730 18.199 4,943 19,848 2680.760 2781.442 3078.819 377.983 403.077 438,980 470.2** 354.165 538.733 214.287 13.396 362.142 228.453 14.562 382.758 240.744 15.626 0 t 2 2 ! U a e n t c e n s - cr»dlt Othar consumer credit 414.918 257.*** 1*.701 75.881 23.628 448.*43 276,225 17,884 79.359 24.110 85.148 25.448 91.681 27.675 101.161 5.571 9.970 5.737 11.941 4.550 15.262 5.880 15.313 9.098 5.051 9.025 3.157 12.709 5.663 1*.*27 4.133 3. SOS 5.659 5.947 4.302 232*.*#* 2403,459 2675.742 Bank loans n.e.c. Other loans Security credit Trade credit 861.876 129.926 478.497 945.090 141,742 547.627 " 16.738 C r . d n n r k i t instruments Home mortgages Other mortgage* Tax-exempt debt 42 43 45 U67.540 2.647 17 18 19 20 21 32 33 1002.422 774.791 440.261 429,580 10 . 68 1 51 .320 283.210 1914.497 Land Owner-occuoied Nonprofit institutions 10 899.889 724.631 418,458 408.4U 10.04 7 <7.686 258.487 99.567 83.340 16.227 ! 844.294 666.696 387.853 378.819 9.034 42.782 236.061 Reproducible aeeet# «tsldentlal s t r w t u r e s 8 ' «nd Nonprofit Orgenizatl 766.263 492.*40 541,434 607,784 35 471,753 290,047 19.042 516.911 314.761 20,251 28,280 105,528 28,489 118,255 31,478 577.635 36 353.027 37 21.547 38 39 133.173 40 35.596 41 6.794 18.299 7,747 20,900 9,893 22.273 10.684 42 23.608 43 12.22* 4.710 10,44* 5,324 13.109 5,978 17.537 44 6.636 45 5,118 5.436 5.976 46 5488.358 3855.257 47 859,2*9 48 47 Net worth Heme* 2974.897 3031,23* 31*2.411 #2 1*# 50 Total nonprofit reel eetete 510.514 55* 97* *00.41* 46.1* **8.5*4 44.7* *8#.842 44 8% 7*7,#21 42.#% 42.1% 42.0% 40.#% 82.39* 41.0% 49 #1.388 ##.10# 10#,#3* 120,955 50 100.890 108.952 51 41.747 Inventories af •7.4*1 O.t. sr. 1 , . m i e n e •# 70.602 75.918 74.65# 79.13# 8*.*92 #2.##4 * 4# October I*** Households Veep - E n d Outstandings 19 v*mr-End Outstandings 17 94 1973 1*75 197* 1*77 P.r.on.l T r u » , . 1*78 1*7* 1980 Or, 1 1610.115 184**295 1999, 707 2 3 4 5 6 7 1380,103 811.130 791.680 19.450 98.473 470.500 2253.408 2614,292 3077.067 1584.521 92t*#47 902,94# 21,899 115.49$ 544.179 1719*067 1002.482 *78.640 23.842 120.886 595.699 220.012 205.837 24,175 2194.043 1326.945 1296.125 30.820 141 ,601 725.497 261 . 7 7 4 234.766 2 7.008 2551.222 1563.035 1527.157 35.898 167.725 820.462 280.640 254.446 26.194 2876.087 1775.372 1734.013 41.359 175.421 925.294 11 338.077 309.720 28,357 3163,164 1949.347 1902.860 46.487 193.848 1019.969 Reproducible assets Resldentlel structures 8 9 10 1915.331 1132.835 1106.144 26.691 129.74J 652.753 3087.727 420.249 388.837 31,412 525.845 488.684 37,161 3080.601 3523.677 3983,985 629.554 589.564 39.990 711.713 666.001 45.712 12 13 14 15 16 1043.056 150.208 58 7.155 <85,.518 5417.201 39.125 1143.977 155.969 624.385 2.379 56.524 <320.«0« Land Owner-occupied Nonprofit institutions 1246.723 161.409 721,008 3.696 37.237 17 18 19 20 21 1381.476 175.145 837.196 3.686 26.699 266.568 100.328 60.354 31.642 8.532 1537.548 192.181 932.686 3,643 34,450 304,720 112.128 63.338 35.121 13.669 1712.318 216.849 998.397 9.436 64,898 323.373 124.685 67.363 49,287 8,035 1930,009 249,744 1058.176 40.032 72,496 22 23 24 25 338.750 131.471 72.018 48.377 11.076 2123,550 260.273 1140.680 64.878 111.935 55.136 49.917 68.858 12.349 374.788 146.835 76.762 59.438 10.635 62.164 58.591 52.138 19,699 422.738 172.898 80,691 72,850 19,357 67.174 68.223 55.301 7.990 509.561 233,456 79.876 117.518 36,062 26 27 28 69.208 76.652 59.696 1.723 545.784 265.990 72,528 148,017 45,445 707.256 43.695 665.561 65.895 80.077 66.534 15.447 491 .676 31,812 459.864 69,661 73.835 75.957 30,387 637.360 38.749 598,611 77,384 71,468 89,426 37.827 29 30 754.315 41.436 712.879 78,161 53.239 106,981 41.413 151.278 337.982 708.824 40.354 668.470 158.399 345,327 704,952 41,079 663.873 166.483 444.059 856.953 44,797 812,156 31 175.268 507.488 1163,384 52,059 1111,325 809.165 184.802 560.329 900.529 195,992 661,515 206,692 767,072 216,427 916,065 "4,032 1113,704 1270,221 1516,676 4,468 40,552 1779.388 2032,832 5.730 46,004 S.7S» 52.943 8,521 59,544 10,354 66,733 16.236 72,374 6934,698 7936,585 9122,842 32 33 4.866 34,124 34 4697.842 35 680 ,419 3.891 36.802 <»2».8U 5521.384 730,703 42J7.JM 350Sl '41 » « • « « 653 .597 396 .811 22 .640 400 155 ,10# 38 .37# 703,972 431,433 23,736 1,300 164.594 37,885 42 43 14, 086 > 26. 174 15,640 29.384 14,139 31.544 44 45 14,868 33,386 13. 193 7,253 17.591 35,716 11.387 8.2SI 20.09* 39.524 12.113 * 35* 21.673 <5,91# 29.4*9 54.734 46 16,511 10,526 6, 37* 18,861 11.684 7.086 21,047 13,201 7.744 21.254 14 .#7* 8,375 28.492 17.158 9,284 10.349 U,*92 12.939 «m.m 873.840 10U.J0J 1182.,Jo 13S8.21J 838,448 529.438 25.623 4.700 188,698 41.735 974,474 619,185 26,730 8.100 223,669 43,483 1138,333 727,675 28,056 10,700 264,712 47,570 1310,391 846.880 29.559 13.600 300.313 52,44# 1430,15* 942,376 31,4#* 1**700 302.0*2 53,329 474,.,M eerket Instrument* U.S. govt, securities Savings bonds Other Treasury issues Agency issues Open-market paper 8 9 10 14 17 18 20 2l i 2S Corporate equities Mutual fund snares Other corporate equities ?7 28 Life Insurance reserves Pension fund reserves 29 30 Equity In noncorp. business 31 Security credit Miscellaneous assets 32 33 10415.745 Total assets 36 37 38 39 40 41 4017.421 2 3 4 5 6 7 6540,868 Total financial assets "*•«! 750,408 469,666 24,775 2,700 168.703 38.881 47 T.njibi, •745 Total liabilities Credit market instruments "ortgages Other mortgages Tax-exempt debt Installment cons, credit other consumer credit Ben* loans n.e.c. Other loans Security credit Trade credit Deferred and unpaid life Insurance premiums 34 35 3* 37 38 39 40 41 42 43 44 45 8927.000 Net worth 48 997,517 1137.714 49 39.7% 37.9* 50 134.665 1**47# 51 121.757 144S S.1 1233.88* 1*84.9*2 2015.821 2323.877 *7.3* 3*.7% 3*.0% 36.4* 174,3# 3 148.117 1*2.0*1 D«ta are in a l l l l M t e# tellers. 1415,#*4 s.* ee ui.ii# 192.*23 228.*$* 243.398 1W.441 182.4*5 2S*#.#*i Tetel owner-oce. real estate 48 49 202.314 270.*33 Tetel nonprofit real estate 50 51 October 1989 Households 20 Vear-End Outstandings Sector ».l me. Sheet with Ten,tele As.ets at Current Cost Year-End Outstandings 1981 1 Tangible assets 2 3 4 5 6 7 8 9 10 1982 1983 1984 1985 1986 _Househ°lds. Personel Trusts, end Nonprofit Organizations 1*7- 1988 4257,978 Reproducible assets Residential structures Owner-occupied housing Nonprofit Institutions Nonprofit Plent t equip. Consumer durables Land Owner-occupied Nonprofit institutions 11 Total financial essets 4268,701 4614,510 4894 *553 5187.431 3421.915 2113.007 2062.051 50.956 212.434 1096.474 3427.487 2068.026 2017.467 50.559 217.772 1141.689 3681,087 2240,810 2187.547 53.263 233.395 1206.882 5624,813 6166.889 6560.104 3905.225 2372.946 2316.297 56.649 246.302 1285.977 4147.866 2495.844 2436.413 59.431 254.353 1397.669 836.063 783.579 52.484 4463.098 2664.805 2603.104 61,701 264,202 1534.091 841.214 786.812 54.402 933,423 875.019 58,404 885 298 2944,968 2877,869 67,099 279.154 1661.176 989.328 926.519 62.809 5207.339 3110,710 3042,073 68,637 290,704 1805,925 1039.565 974,565 65,000 1161,715 1093,304 68.411 1281,591 1208.705 72.886 1352,765 8 1277.671 9 75,094 10 1 7029.820 7562.597 8318,341 8847.664 2578.168 314.468 1:22,485 189.439 100.761 10829,588 11390,347 16 2353.031 293.389 1188.185 155.620 125.986 9904,461 13 14 15 Deposits I cr. met. lnstr. Checkable deposits ft curr. Small time ft sewings dep. Money market fund shares Large time deposits 17 18 19 20 21 2864.537 339.610 1532,562 158.350 78.808 Credit market instruments U.S. govt, securities Savings bonds Other Treesury issues Agency Issues 3269.974 357.528 1685.706 202.399 141.926 3593.724 378.521 1829.571 214.510 119,490 589.851 287.915 68.190 172.653 - 47.072 3851.234 467.152 1945.722 247.501 94.465 651.015 332.402 68,346 220.564 43.492 4152.861 487.446 2005.239 268.891 114.055 12 13 14 15 16 22 23 24 25 755.207 401.482 71,485 285.671 44.326 4543.226 488.760 2131.398 286.981 140.115 Tex-exempt obligations Coroorete ft fgn. bonds Mortgages Open-merket paper 882.415 501.332 74.515 350.444 76.373 1051.632 581.232 79.777 403.502 97.953 99.651 53.829 117.346 31.110 1096.394 625.637 93,332 406,112 126,193 127,979 46.349 126,082 18,203 1277.230 715.919 101.103 420.725 194.091 17 18 19 20 21 26 27 2S 155.100 37.235 127.073 34.317 1495.972 859.483 109.556 466.013 283.914 Corporate equities Mutual fund shores Other corporate equities 181.139 33,056 128.160 38.728 219.212 37,977 127,504 85,707 1103,870 52.639 1051,231 195,674 77.818 113,731 83,534 1239,933 66,696 1173,237 238.207 102.191 114,909 106.004 Life lnsurence reserves Pension fund reserves 1440.531 117.685 1322,846 22 23 24 25 29 30 1420.859 97.967 1322.892 275.816 115.541 120.021 125.111 1887,744 203,030 1684.714 225,627 996.943 2206,124 356,921 1849,203 232.799 1179,221 2124.976 406.244 1718.732 240,792 1392,083 2242,924 26 418,020 27 1824.904 28 31 Equity in noncerp. business 245,994 1531.983 256.711 1801.615 274.226 2057.637 300.272 2247.912 2229.342 2278.938 2235 06# 2196.664 315.634 29 2592.783 30 32 33 2257.114 Security credit Miscellaneous assets 14.729 78.506 17.838 85.296 2231.042 2338.808 2591.941 31 20.557 100.575 21.573 102.540 35.051 132.952 44.015 165.510 38.121 187.597 11287.798 11831.298 12932.851 13742,217 15091.892 44.604 32 209.167 35 16454.401 17557.256 18898.403 34 35 Total liabilities 1610,797 1693.566 1873.088 2101.537 36 37 2400.942 2707.055 1548.787 1020.313 33.781 2949.420 315.547 56.749 1791.628 1156.047 38.917 41.000 374,478 63,174 3244.544 35 21.100 1625.521 1059.685 36.428 29.600 330.373 58.315 2018.156 1290.132 41.368 51.171 449.489 69.811 2295.476 1440.60* 43.770 81.334 526.470 75.332 2591.761 1667.504 44.124 79.142 581.459 78.301 3$.567 45.790 2844.477 1907.791 48.430 78.178 418.191 74.475 37.882 73.238 41.503 76.509 3150.790 2138.750 50.688 79.049 671,362 72,368 36.742 79.443 43.684 84.278 50.005 89.424 27.465 1*823 45.025 92.589 30.310 22.220 39.741 25.620 42.027 42 96.546 43 37.336 30.937 56.779 33.478 44.979 54.450 14.722 50.585 59.445 15 515 16.099 55.501 44 45.805 45 15.10* 15.209 13.88S 15.095 18.450 46 9477.001 10137.732 11059.763 11640.480 12490.980 13747.344 14587.414 15451.859 47 *#4*438 2804.279 5042.544 5242.814 3410.978 3494.40# 4086.574 ».** 57.7% 57.7% 4519.744 48 59.7% 42.2% 45.1% 44.4% ****** 303.158 323.442 49.5* 49 542.see 3S3.47S 544.207 5##.541 400.745 50 ****** 244.444 263.379 284.348 304.342 524.95# 551.294 5 7 2 . 8 1 8 51 12 34 Total assets 58 3* <0 41 <2 *3 44 <5 44 credit market instruments Home mortgages Other mortgages Tax-exempt debt Installment eons, credit Other consumer credit Bank leans n.e.c. Other loans Security credit Trade credit Deferred and unpaid life insurance preeluaw 47 Net worth 48 Total ewfier-eee. reel estate Hoee mortgeges as eereent ef ewner-ecc. reel estate 49 50 Tetel nonprofit reel estete »'::r;ssj.rsB?isrOete ere 1* millimm 8#- M l v t . 12338,299 U 36 37 38 39 40 41 October 1989 Business y,er Sector Balance Sheet, with Tangible Assets at Current Cost ~End Outstandings " Noncorporate^ Business Year-End Outstandings 1 101.394 122.75# 156.402 2 3 4 5 136.859 49.947 16.841 16.462 16.664 134,811 59 399 17,$37 19.007 22.454 <5.202 18.854 21.440 24.908 65.178 19.121 22.750 23.307 64.516 19.151 23.365 22.000 »«•?« 64.212 19.342 23.670 21.200 71.200 64.349 19,639 24.810 19.900 71.681 70.295 73,520 78.082 ISO.Stt T.njlbl, „ „ t , tliii Rtproduclbl. assets 8iS 2 EE;:-":::-.. J 6 51.427 43.341 7 8.035 8.068 8.327 8 9 10 11 8,314 7.000 1,035 918 117 8.291 7,000 1.068 949 119 8,264 7.200 1. 127 1.005 122 8.372 12 7,100 1,214 1,088 126 109,429 150.807 7,000 1.291 1.159 132 6.900 1.364 1.227 137 145.173 6.900 1.472 1.324 148 143.102 145.996 150.805 13.562 14.435 16.058 16.982 Total liabilities 144.729 85.008 Land ; ! 5 8.251 Total financial assets 7 158.820 Total assets 13 9,880 14 15 16 17 18 19 8.474 5,579 2,049 846 228 618 9.532 6.071 2.524 937 244 693 10.819 6.651 3.120 1.048 199 849 20 11.609 7,236 3.293 1.080 213 867 1,406 11,509 7.737 2.712 1,060 445 615 1.689 12.281 8.246 2.862 1.173 508 665 2.125 15.725 9.022 3.434 1.267 574 693 2.270 14.581 9.835 3.375 1.371 624 747 2.055 2.154 2.555 21 22 23 99,549 6.968 92,581 131.785 9.225 122.560 131.294 9,191 122,103 129.540 9,068 120,472 151.561 9,209 122.352 I5 24 75,075 88.949 98.687 100.009 98.871 102,540 108.171 116.116 Total far* real estate 200.*S7 12 2.401 119.586 8.371 111.215 2J2,54, T.n.lbl. .ss.tt 11.221 12.944 13,879 i'Irl Credit market Instruments Mortgages Bank loans n.e.c. Other loans U.S. government Fed * Inter. Credit Banks *«»••»• N.t worth 21 22 25 Memo* Honiara Noncorporate Business 1 152.572 165.420 175.759 2 3 4 5 179.962 105,296 67.467 26.796 11.055 184.512 115.297 71.745 30.090 13.462 189.980 122.77# 75.597 35.166 14.215 124.640 76.656 34.122 13.882 126.725 77. G#1 35.264 14.37# 129.181 78.479 36.426 14.276 136.515 81.055 40.505 15.155 'al'iif *.»reduelbl. .istts 2 3 4 5 til!;:, S K S - r e a - 6 47.276 50.125 52•9#1 7 55,522 19,424 57. 7#9 21.197 60.799 21.595 64.144 22.689 69.457 23.350 24.01# 24.500 2ft.079 Total financial assets 8 9 10 11 12 13 10.315 10.55# 10.777 10.429 10.377 10,907 11.200 1.811 2.175 2.500 2.674 5.995 2.802 7.091 2. #04 6.974 2,910 14 15 16 17 7.859 1,303 1.299 14 8.253 1.595 157# 15 #,174 1.544 1.527 17 7.907 1,74# 1.750 18 9.051 1.93# 1.919 19 2,133 2,113 20 2.2S3 2.262 21 18 2.413 2,392 21 171.994 186.617 197.354 202.651 207.S42 213.99# 20.194 21.99ft 25.297 25.902 224.957 11,549 5.066 Land Checkable de, t currency Tim# deposits U.S. government securities Consumer credit Mortgages Trade credit Miscellaneous assets Insurance receivables O t h l t V l n , p e n s * e i e "cles 6 7 8 9 10 11 12 13 14 15 16 17 23#.628 Total assets 14.094 19.052 20 21 22 2J 24 10.15* 4.341 1.051 4.2*7 1.053 12.792 7,511 1.42# 5.034 1.949 14.117 8.147 1.3*4 5 70# 1.09# 25 2t f 15.452 #.#57 1.597 ft,12# 1,142 855 3,442 14.02# 9,207 1.547 6.451 1.209 1,271 17.025 9.923 1.972 6.72ft 1.525 ft.ess i,s#e 4.442 10.62# 2,#lft 7.142 1,470 27 21 1,721 4.#74 1.792 5,059 l,#ftft 5.25ft 2,3## 5 #44 5,250 ft.2ft# ft.#77 ft 544 7,269 ##77 10.0ft# l##.09ft 19ft.0:7 207.443 Net worth 165,439 174.422 Totsl nencorp. bus real estste 51 29 Si 31 lss.fis 129.1#7 »*'•»*» 137.ft09 in.ut 145.449 Dots sre l t millions of tellers. i 2#,920 30.99# Total liabilities l#.#ft# 19.997 10.#65 1.7## 7.432 1.645 2,993 ft.139 10.9## Credit market Instruments Mortgages Heme mortgages Multi-family Commercial 20 21 22 23 24 *#"k leans n.e.c. Other loans 25 26 Other taxes payable Trade debt 27 2# Miscellaneous liabilities we.tss 149.37ft u«.s«s 152.559 157.55ft 50 October 1989 Farm * Noncorporate Business 22 Y*ar-End Outstandings Vesr-End Outstandings 1958 1959 19*0 19*1 19*2 19*3 Farm Business 1 Tertgible essets 2 158 .662 8 9 10 11 Checkable dep. 8 currency Miscellaneous essets 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 22 Corporate farms 23 Noncorporate farms 178 ,627 185 .099 191 .469 200 .695 68 ,969 .382 27 .687 22 ,100 209.693 70 .125 19 .235 27 .590 23 .300 70 ,946 19 ,186 27 .960 23 ,800 71 .044 19 .091 28 .753 25, .200 100, .436 74 .381 18 .795 29 ,886 25 ,700 74.736 19.129 31.107 24,500 108 .502 114 .153 8 >218 118, 425 8, 584 126 .314 7, .982 134.957 7 .646 7 .731 6, .600 618 li 44* 172 7,865 6, 900 1. 684 1.502 182 7 .825 6, >200 1. 782 1.584 198 8.217 5 .800 1,846 1. 635 211 5, .800 1, .931 1, .704 227 5 900 1, 965 1, 724 241 177, 924 5 .700 2, .125 1. 869 256 183. 933 5.900 8 2.317 9 2.038 10 279 11 186, 273 192,830 199. 334 208. 520 217.910 12 18.274 20.078 22.433 23.623 25.322 27.*2* 15.638 10,397 3.759 1.482 550 932 31,038 17.002 11.109 4.172 1.721 565 1.156 53.827 13 18.934 4.866 1.967 577 1.390 19.965 12.838 5,062 2.065 564 1,501 21.558 13.917 5.305 2.336 686 1,650 23.85* 15.113 *,087 2.57* 73* 1,840 26.40* 16,822 6,688 2.896 797 2.099 29.009 14 18.942 6.959 3.108 2.636 Land 7 Totel f1nenclel essets 175 .951 68 .904 19 .437 26 ,867 22 ,600 < 166.880 6 169 .340 *7 .181 19 ,610 2* .371 21 .200 91 ,481 t 5 Reproducible assets Residentlel structures Nonres. Plant 8 eeulpment Inventories 5 3.076 3.499 3.658 3.764 3.770 4.632 4,818 20 148.606 10,402 138.204 157.846 11 .049 146.797 161.500 11.305 150.195 162,650 11,385 151.265 1*7.508 11.72* 155.782 171.708 12,020 159.*88 177.482 12,424 165,058 184.08 3 21 12.886 22 171.197 23 138.360 139.902 145,9*2 150,720 158.917 1*8.478 24 106, 982 » 12,101 1 861 2.247 19 Memo: 24 Total farm real estate 122.708 Nonferm Noncorporate Business 1 Tangible essets 219 ,29* Reproducible assets Residential structures Nonres. plant S equipment Inventories 6 Land 14 15 14 17 Checkable dep. 1 currency Time deposits U.S. government securities Consumer credit Mortgages Trede credit 240 .944 247 ,*08 257 ,071 2*5 ,377 279 .7*1 153 *84 8* .705 50, .098 1*, .881 15* .3*3 88 .475 51 ,270 I*, .*18 159, .3*4 91, .048 52 717 15, .599 1*5, 313 94, .537 54 994 15, .780 170 .112 97, .334 57, *49 15, .129 180 .278 104 ,041 *1, .148 15, .089 2 3 4 5 76, .09* 79, *8* 84, 581 88, 244 91, .758 95 2*5 2*. 427 99, .483 * 28..837 27, 2*8 27, 211 27. 751 27, *24 27. .579 12, 35* 28, .205 7 13. *41 12. 707 12. 411 12. 511 12. 515 12, 515 12, .515 25 24 Bank leans Other loe*8 27 28 Other taxes * Trede debt 29 3.431 3.207 3.131 3.318 3.558 8.234 8.114 8.*04 8.4*2 7.9*1 2.584 2,5*0 2* 8.10* 13 2.709 2.677 32 2.894 2.814 40 3.031 2.987 48 3.201 3.144 57 5.129 3.240 49 3.545 3.4*3 82 3.799 3.704 95 - 254.501 2*0.*38 2*8.151 271.34: 284.*91 292.95* 307.966 18 34.000 35.*30 3# 41 40 242 42.721 41.23* 50.729 19 28.871 11.U4 1.471 7.448 1,815 22.374 12.27* 1.823 8.422 2.031 24.880 13.534 1.938 9.335 2*.441 14.411 32.472 18.772 37.004 21,424 2.2*1 27.117 14.443 1.70* 10.241 2.4*1 11.781 2.807 13.181 3.184 15.821 3.597 43.234 25,877 1,902 19.095 4.880 3.078 4.411 Credit market lnstrvaenta Mortgeges Home mertgates MultWsolly Commercial 3.110 9.377 11.842 19 Total liabilities 3,107 8.378 8 9 10 3.785 11 245.723 Miscellaneous assets Insurance receivables Egultv in spons. agencies Other 18 Total assets 20 21 22 23 24 233 ,370 149 ,5*8 84 .5*2 48 .120 16, .88* 72. 591 7 Total financial essets 8 9 10 11 12 13 225 ,6*4 146 .705 83, .342 46 .993 1*. 370 3.239 *859 3. *32 7.714 3.*4$ 8.701 8.881 41 4.716 9.184 5.308 10.272 5.80* 25 11.551 2* 10.750 11.22# 10.419 10.049 8.232 - 27 7.495 28 1.821 2.001 Mlscellaneeua liabilities >1* 18.987 2.002 - 10 Net worth 31 Data are im millions of dollars. 12 14 15 16 17 20 21 22 23 24 29 213.841 220.501 225.008 229.810 231.181 241.974 247.720 257.237 30 179.441 185.217 192.472 1*9.544 287.141 214.241 224.11* 237.*3* 31 Octooer 19@* ness y — »®r-End Outstanding* 1$*5 — - - -t — 1*** 1**7 1968 1969 1970 — — 1971 Farm Business 1 226.082 237.20* 250 ,25* 2 3 4 5 80.492 19. 179 33.315 28.000 #*51* 20.011 36,105 27.400 87 .017 20 .517 38 .600 27 ,900 153.690 165, ,219 6 7 145.590 8.497 242 ,181 273.192 303*502 104.326 23.998 49.228 31.100 114.556 25.515 55.641 35.400 149 .175 172.396 177.027 9, >067 8. 704 »».MI 100.796 23.387 45.609 31.800 188.946 9, 646 10.182 10.786 11.477 95 ,008 22 .070 41 .858 29 . 100 t " cest -38U<1"" Yeer-EndOutstendlnss 1972 s S8n: £-= i S"s H 343.36, i *»,r.«uclbl* .s.ets 212.850 Land 8 9 10 11 6.000 2,497 2,178 319 6.000 2.704 2.559 565 6. 100 2, 967 2. 555 414 12 6. 500 5. 346 2.850 516 234.579 6.400 3.782 3.211 571 245,910 6.515 4.271 3.649 622 25$, SOS 6.658 4.859 4.147 692 251.827 283.374 292.139 514.979 15 27,674 41,274 44.377 14 15 16 17 18 19 46.170 32,311 21.187 7.667 5.457 941 2.516 48.827 35.504 25.052 8.600 5.852 929 2.925 51,430 38.815 25.017 9.300 4.498 1.087 3.411 55,555 41.583 27.177 9.718 4.688 1.034 3.654 61,547 Total liabilities 5.363 44.617 28.995 10.328 5.294 1.019 4.275 5.770 47.588 30.492 11.155 5.941 967 4.974 5.562 51.564 32.381 12.500 6.685 1.014 5.669 4.587 56,815 55.561 14,506 7.146 1,050 6,096 4.210 3.842 5.991 4,554 196.905 13. 783 183.122 204.636 14.325 190.311 214.926 15.045 199,881 205.657 14.396 191.261 234.547 16.418 218.129 240.709 16.850 223.859 259,424 18,160 241.264 294.415 Net worth 180.056 190. ISO 201.099 190.450 217.115 224.590 240,9 268,828 Total farm real estate ^ 21 22 23 12.415 Total financial assets 7 !:|s sp:::.::: : 555,762 Total assets l2 15 Credit market Instruments Mortgages Bank loans n.e.c. Otner loans U.S. government Fed. Inter. Credit Banks Trade debt 14 15 16 17 18 19 20 21 22 23 Memos 24 Nonfarm Noncorporate Business 1 294.810 519.046 552,*54 2 5 4 5 5*1,384 5$2,518 191.559 109.52$ 66.192 15.85# 207,152 118.11# 72,705 16,52$ 417,227 218,50# 125,952 77,454 17,102 45#,444 242,580 15$,70* 85.050 17.624 517.207 Tangible assets 6 105.451 2*7,6## 155,010 $4,332 18,34* 111,8$4 2## 53$ 165,10* 104,2$$ 1 $,154 114.14* 522,#44 185,471 115,702 21.471 11$,004 5*2.841 212.013 126.814 24,014 7 124,*50 28,572 128.6## Reproducible assets Residential structures Nonres. Plant t equipment Inventories 2$,442 50.55$ 135,400 2$,*54 154,3** Land 51,177 32,4$5 5$,445 12.515 4*,14$ Total financial assets 12,515 1,400 700 S.#75 700 *.*23 12.515 3.000 $00 3.774 1.875 8,125 12.515 4.600 1.100 3»6$4 5,000 8.770 Checkable dep. ft currency Time deposits , U.S. government securities Consumer credit Mortgages Trade credit 4.492 4,515 147 $.474 7 »2$4 180 2,000 12,470 8,27# I $2 4.000 Miscellaneous assets Insurance receivables ,pen,e Other* 'Sancles 8 9 10 11 12 15 12.515 12.515 12.515 4,044 5, $$4 100 3.878 7.950 8.491 $.022 7 *55 14 15 1* 17 500 5,754 500 8.110 4.083 5.975 108 4,442 4,325 117 4.844 4,71* 128 5,32* 5.187 159 5,$$# 5, #4* 152 18 525.582 54#.4## 5*3.013 S91.0S# 423,4$5 44$,722 49#. 109 19 56.887 *1.709 4* 04# 77,593 93.585 104,259 $*•421 54.741 1,S$I 24 2 § 129.001 4S.#*7 40##: 1*2.$44 Total liabilities 27,041 11,714 7:.404 47.033 2.224 2$,44$ 14.140 ##.344 57.43# 2,00# 32,$10 22.720 101,457 70,042 2.153 3#. 6# 5 29.204 121.5#7 ##251 3.050 44.740 3#,441 151.375 114.527 3. *2* 5*,**0 54.241 12.515 500 5 85# 5*5.55* Total assets 2 j 4 s * 7 8 9 10 11 12 15 14 15 1* 17 1# 20 21 22 23 24 50.257 50.750 1.997 21.84* 6.907 25 24 6,708 12,7$$ i.t si* #7*4 14.19# $ #44 15,705 27 29 12,054 18.674 11.494 19,71$ 12.404 20,732 15.**7 25.1#1 Bonk loans n.e.c. Otner leans * *30 i.#94 25 26 s.iss 4.179 5,21$ 4,#02 1.037 4.577 2.409 5.090 Other taxes payable Trade debt 2.000 27 28 4.000 Miscellaneous liabilities 2$ 2.102 ••tie t . w 29 SO 51 244.495 250.257 284.779 271.114 29*.971 291.444 Ooto ere In el111ens a# dollars. SIS.455 507.139 32$.$10 554.452 543,443 554 #43 Credit market Instruments Mortgages Home mortgage* Multl-family Commercial 1$ 20 21 22 25 24 549.109 400.412 Net werth 3$o,*32 444.125 Tetsl noncorp. bus.real estate 51 50 October 19*9 Farm S Noncorporate Business 24 Year-End Outstandings Stctor B.l.ne. Sl)«.t» with T.nslbl. ,t Current Cost Veer-End Outstendlngs 1973 1975 1976 1977 197# 1979 Farm Business 1 Tangible assets 1980 Nonres. Plant S equipment Inventories Land 7 Total financial assets 8 9 10 11 Checkable dep. 8 currency Miscellaneous assets Insurance receivables Equity in sports, 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 Trade debt 21 Net worth 22 Corporate farms 23 Noncorporate farms 429 .864 475 .728 534 .161 614 .883 677 .486 161 .583 29 .703 66 .380 65 ,500 178 .765 S3 .620 82 .745 62 ,400 797 .886 190 .870 35 ,656 90 .914 64 .300 927.297 200 593 38 .804 101 .589 60 ,200 1022 .057 1 267. .281 217 .660 43 .801 114 .559 59 .300 296 ,963 257 .234 49 .624 133 .912 73 .700 343 .291 284.949 54.451 149.838 80.700 414 290 311 .138 59 .241 167 .397 84 .500 2 3 4 5 13.256 459 .826 13.850 540 .650 14 ,847 642.328 16. 273 710 .919 6 7. 100 6. 156 5.214 942 18 ,087 6. 940 6. 910 5. 762 1. 148 20, 154 , 7, >010 7.837 6.453 1. 384 22.226 6, 947 9. 326 7. 718 1, 608 24 .199 7 442. 120 7, 035 , 11. 052 9, 197 855 489.578 7. ,137 13. 017 10,891 2. 126 549. 008 7.284 14.942 12.406 2.536 631, 154 7 .390 8 16, ,809 9 13 ,714 10 3. ,095 11 818. 040 949.523 1046.256 12 70.067 78.199 87.475 98.321 112.962 65.410 39,806 17.165 8.439 1.241 7.198 130.833 73.319 44.922 18.236 155.524 1.313 8.848 92.180 55.412 23.230 13.538 2.226 11.312 172. 305 13 10.161 82.136 49.853 20.199 12.084 2.089 9.995 105.939 63.949 25.729 16.261 3.502 12.759 4.657 122.194 72.757 28.211 21.226 7.009 14.217 4.880 145.723 86.755 31.033 27.935 10.391 17.544 5.339 161.477 97.487 31.566 32.424 13.026 19.398 6.141 7.023 8.639 9.801 10.828 20 372.053 26.044 346.009 411.379 28.797 382.582 461.533 32.307 429.226 532.835 37.298 495.537 582.611 40.783 541.828 687.207 48.104 639.103 793.999 55.580 738.419 873. 951 21 61. 177 22 812, 774 25 329.279 Reproducible assets Residential structures 369.480 420.989 499.785 556.547 655.976 767.791 810. 110 24 695.575 14 15 16 17 18 19 Monfarm Noncorporate Business 1 Tangible assets Reproducible assets Residential structures Nonres. Plant I equipment Inventories Land 7 Total financial assets e 9 10 11 12 13 Checkable dep. S currency Time deposits U.S. government securities Consumer credit Mortgeges Trade credit 14 15 16 17 Miscellaneous assets Insurence receivables Equity In spans, egencles Other 18 Totel essets 19 Total liabilities 597.266 687.699 741,703 822,444 953,995 417.059 246.015 143.735 27.309 1136.511 481.259 278.794 172.845 29.600 1353.885 511.425 299.525 184,819 27,281 1587.847 1 558,411 333,07# 197,425 27.910 632,947 384,099 219.394 29,454 180.207 742.235 448,918 260,595 32.724 204.440 867.662 540.884 291.894 34.882 999 ,747 629 .290 336 .461 33 .996 230,07# 2 3 4 5 244,OSS 321,04# 594.274 64.43* 484.223 69.234 589 .100 71,085 6 79.990 94,544 117.233 16.914 6.213 1.1SS 4.019 3.MS 139.992 17.800 7 18.626 17.243 7,784 1,238 4.048 3.393 20,348 147 .781 1,274 4,054 3,252 21,171 19,74* 9.490 1,515 4,*21 4,151 22,009 22,379 12.127 2.412 4.127 5.509 24,154 25.570 15.522 3.184 4.309 8.114 31.479 14.194 9.243 212 4.741 28.332 21.249 2.805 4.453 11.001 34.894 15.142 10.229 244 4.447 31 .106 24 ,231 2 ,564 4, ,391 12, ,217 36 ,512 15,444 11,441 287 3,494 8 9 10 11 12 13 19,441 IS,519 *40 4.743 23 #14 14.032 404 7,41# 29,057 19,917 531 9.409 441.702 34.159 21.905 445 15.490 754.935 34 ,760 24. ,279 755 11. ,726 812,7## 14 15 16 17 902.SS4 1010.119 1255,744 1492,777 1W.494 240.494 8.08# 1735. ,628 18 20 21 22 23 24 240,117 294.312 Credit market lnstrn Mortgages Home eertiattt Multl-femll* Commercial 325,977 579,144 172.Sit 114.178 J. 224 44.481 44.491 454,502 208.059 140.84* 3.008 49.941 47.894 225,040 152,377 3,431 70,049 7#.473 518. 980 19 25 24 244,470 144.042 5.01# 73,937 85.107 •snk leene e.e.s. Other l e m t 279,110 190.797 4.779 90.518 95.419 2#.447 27.294 324.449 204,959 7.575 99,792 109,594 392,019 247,147 7.035 94,344 145,744 35.9## 31.20# 447.805 292.822 7. 954 102.515 192, 353 37.480 34.9#* 40.314 42,814 44.S9S 51,578 59,449 41,940 72,915 72,057 1.9*1 17.US 5.545 20.145 75.247 25 79. 714 24 4.402 20,559 7.7#S 22,247 9.971 2S.92S 9,911 5.159 21.HI 12,791 31,737 4.945 11.529 27 34.444 28 7.914 9.7t# 12.455 14.170 17,911 19.401 29 4*2.284 514.241 552.471 414.224 724.492 971.409 1059,271 1214,449 30 111.517 592.290 441.947 7u.i»t ei7.ze» uei.Tet U20..72 si 27 29 Other taxes M v U l t Trede debt 29 Miscellaneous 14stillties li Net werth 51 Totel nencere. bus.reel estate Data are la mlillcms e# tellers. law.n« 20 21 22 25 24 October Far# « Fere 1 Veer- $,et6r E n d Outstandlnss m i 1985 " ' T " « » . * » . t , at Currant c.,t *71.155 859.083 327.445 63.752 184.328 79.365 329.495 65.618 183.017 80.860 445.710 S2».SW 75< i0t " 313.161 65.960 175.723 71.478 "le«S 702*495 302.805 65.749 170.779 66.277 305.453 68.077 168.155 69.221 441.245 389.060 397.242 32.033 35.266 37.649 8.524 29.125 26.173 2.952 26.053 27.859 29.126 29.365 10 7.634 20.225 4.115 7.780 21.346 17.129 4.217 12 1052.488 1012.427 7.942 21.423 17.144 4.279 8.120 11 7.504 18.549 14.821 3.728 1000.281 23.913 19.918 3.995 8.314 26.952 23.536 3.416 888.448 786.439 727.131 16.110 16.122 173.438 105.850 35.507 32.081 18.189 13.892 15.395 156.607 95.781 31.240 29.586 18.023 11.563 14.256 14.000 14.186 796.497 55.755 740.742 686.245 48.037 638.208 599.001 41.930 557.071 556.338 38.944 517.394 580.085 40.606 539.479 603.482 551.064 562.747 851.654 812.210 800.831 691.661 , l i m s r . J 15.733 15.766 187.947 112.422 39.907 35.618 17.800 17.818 24 # 14.760 20 188.389 113.721 38.927 35.741 16.700 19.041 811.812 56.827 754.985 Lend 40.74. Total financial . . „ t , 137.594 86.803 29.817 20.974 13.341 7.633 17 18 19 184.493 111.311 $6,135 37.047 16.657 20.390 858.931 60.125 798.806 «»•"« 15:.,27 T.t.x ll.eilltltl 200.615 21 22 23 ; 'IE U0.2S, 145.499 88.869 29.053 27.577 17.650 9.927 193.557 177.791 107.229 32.920 37.642 16.420 21.222 202.205 733.907 Tsnslble assets 774.475 Total a , „ t , 13 16 25 7*0.544 14 15 205.7S4 Noncorporate Business «re Business **«.»» 700.561 " * """ Y*ar-End Outstsndlnss ***** $22,185 *1,972 181.865 79.248 325.874 63.118 181,202 81.554 $ R 1984 F 1026*455 ' 12 187.45$ 14 15 cr ;.drt,:;.r;et 16 17 U.S. government 18 ed * I n t e r * Credit Banks 19 Trade debt 20 *21.348 Net worth 21 22 23 592.217 Total era reel estate 24 Monfar* Noncorporate Business 1837.819 2 3 4 5 1934.297 2061.311 1135.583 710.350 391.737 33.496 1176.119 722.790 420.209 33.120 1233.943 765.267 <35.059 33.617 "»»•*•! 1316.521 824.875 655.239 36.407 758#171 827.368 902.960 2547.22, 2S0S.1S0 247,.717 1389.151 874.619 475.690 38.842 1458.822 908.664 692.282 37.876 1542.659 985.831 515.024 41.884 1069.358 1137.05# 2769.826 Tangible assets 1588.908 1005.423 537.956 4 5 52$ 6 702.236 7 192.179 197.769 8 9 230.555 278.531 978.078 317.291 36.794 38.068 3.244 4.461 24.961 48.469 45.014 51.714 6 023 5 128 29.305 55.264 359.592 394.29# 11 12 13 33 251 34.693 3.298 .409 20.339 40.888 14 15 16 17 55.301 26.334 836 28.131 49.826 65.056 5.481 5.525 39.311 61.753 41.772 28.362 865 12.545 61.297 76.585 5.754 5.841 43.985 65.858 38.107 23.881 •41 13.445 67.288 87.79# 6 940 6 166 47.926 72.211 51.581 34.838 861 15.882 71.28# 99.29# 7.540 6.656 51.254 77.011 57.973 38.642 833 18.49# 75.397 105.986 8.140 7.206 54.582 #1,#11 71.263 43.451 771 27.041 #1.271 49.497 733 31.041 22tl.#44 2499.012 2684.520 •9.882 54.077 733 34.992 10 18 2029 99# 575.681 2132. 98#. 1054.521 1166.740 1297.740 MI.M] 444..7. iiiiE 749.004 512.272 41.056 117.#82 **.414 898.338 463.275 44.806 1*1.272 427.197 1001.554 743.564 46.727 224.053 472.784 75.504 1H.24# 1109.40# •23.544 27.641 247.112 54#.#11 *2.552 124.382 98.510 136.55* 1201.*04 •94.977 27.711 42 85* 594.309 110.207 147.78* 120.### 17. •1 41, #4 164.971 10.151 11.49* 21.596 56.858 •!••?# 25.269 61.082 24.#49 .64# 78.284 77.729 80 8 5 5 8 8 855 1598.10# 1629.999 1701.032 •5.447 *0 5## m I W 27 28 13.744 41.54# 2:3 »'1*4 ##.4#4 1449.11# 1744.*48 1S1},||| 1947.172 04t« art im sill lane ef filers. " * e u r u i Mortgages Trade credit Miscellaneous assets 24.449 47.328 25 26 ****** * — 128.927 191.582 563.9#7 39*. lS.8t4 11. 114. 2M.#i# 11 EE-ra~.. i Land « 8 9 10 11 12 15 n » « . 7 S 0 T.t.l 759.7#* 492.161 316.10# • 5% 4 4* 103.658 2 0 3 #8# 1414.397 , 422.924 Total financial assets 662.94# 20 21 22 23 24 29 U88.918 "••reducible assets 2819.*41 2161.790 2299.584 1*91.9*8 Tetal liabilities ** *** in,,ruw ti ZTurxir " Cewrclal 20 21 22 23 24 25 26 27 28 Wscelleneeus liabilities 1794.211 1794.928 Net vert* 2465.448 2*4: 149 T.t.l n**cerp. 30 31 October its* Nenflnancial Corporate Business 26 Sector SReet vlth ^ T m l 6 l - " " " " " " " " " ' ' Year-End Outstandings Veer-End Outstandings 1949 1 Tangible aasets (currant coat)" Reproducible assets Residential structures Land 7 T Liquid assets Check.ole dep. « currency Time deposits ,une •""» Foreign deposits U.S. government securities Tax-exempt obligations Open-market paper 17 18 19 20 Consumer credit Mutual fund shares Trade credit Miscellaneous assets Foreign direct Investment Insurance receivables 21 22 23 24 Other* 10 $Pon$ * •'• nc *es 25 Total assets Credit market debt Tax-exempt debt Corporate bonds Mortgages Home mortgages Multi-family Commercial 34 35 36 37 38 39 exclude, 1954 . .. 1955 259,057 289.338 199,944 4.385 144,192 49,387 305,376 226,442 4,725 161,498 60,219 322,385 253.337 4,981 178,656 69.700 355,722 266,376 5.069 190,493 70.814 347.517 279,398 5,113 201.575 72,710 410.238 1 287,429 5,204 210.965 71.258 314.382 5.359 230,103 78,920 349,921 5,462 257.504 86,955 2 3 4 5 32,615 36,001 85,401 39,000 102,421 42,987 110.491 48,295 115,957 52.935 119,052 60.317 6 124,627 142,089 147.210 7 48,893 28.990 1.000 138 17.118 1,342 305 8 9 10 11 12 13 14 15 16 8,667 63,789 25,861 22.505 2.393 13 950 17 18 19 20 21 22 23 24 39.260 22.903 900 43.844 24.222 900 46.437 25.859 900 46,271 26.641 900 48.013 26,550 900 48,373 28.329 1,100 10 14,697 485 265 53.428 29,282 1,000 57 17.870 652 143 91 18,653 844 90 75 17,447 813 195 114 19.240 1.005 204 158 17,523 972 291 129 21.581 1,219 217 4,646 5.581 6,190 29,471 12.224 10,700 1,383 7,068 39,593 13,403 11,788 1,418 7,327 42,989 14,875 12.979 1.548 7,672 45,849 16,769 14,721 1,666 8,359 45,005 18.709 16.255 1.786 48,388 20,194 17,631 1,864 348 382 361,478 670 399.829 497 421,333 57.988 22,314 19,395 2,034 2 883 441.437 460,349 509,406 102,514 125,622 139.851 65,117 145.451 71,885 150.363 80.655 154,459 87,504 176,307 91.827 189,299 24 96.541 104.998 115,396 58.040 25.225 1.788 4.652 14.805 27 28 29 30 31 32 55 30.458 378 490 1,923 682 54 35 34 37 38 39 141 m 557.448 25 U.S. government loans , , v i e i e «> Foreign direct lnv. in U.S. 43 Net worth 34.874 13,861 1.031 3,532 9,298 36.498 15,135 1,428 4,267 9,440 39.792 16.179 1,364 4.937 9.878 44.497 17.215 1,587 5,353 10,275 14,245 17,923 48.012 18.101 1,547 5,670 10,884 22,120 51.547 19.732 1.872 5.939 11,921 22,909 54.564 21,598 2,016 6,348 13,234 162 214 1,123 63# 22.357 207 275 1,231 616 269 313 1,348 634 21,694 25,577 331 335 1,564 655 17,252 33,094 3,391 21,922 33,616 3,658 551 602 1,429 804 362 332 1,881 9,758 24,718 2,941 402 374 1,424 955 18.472 35,328 3,945 212,755 Bank loans n.e.c. Loans from foreign Commercial paper 40 42 1955 C.r..r.t. B u n 229,444 315,247 24 Total liabilities 27 28 29 50 31 32 Nonfinanclal 1952 29,482 °t«l financial assets 8 9 10 11 12 IS 14 15 16 1951 19,271 55,014 4.251 235,856 259,978 15,988 57,277 4,455 20,085 46,148 5,076 275,882 291,074 18,102 40 50,342 41 5,459 42 505.910 355,099 348,149 43 Memet 44 Total corp. reel estete 131,946 144,164 152,984 141,551 170.748 185,168 205,974 44 116.647 138,250 149.941 6,948 of 121.652 92.205 " T C T ,velue 144,774 8.571 214,055 9 225 269.175 9.191 289,169 45 9.048 9.209 9.452 9,929 46 Multles. $0.4* 70.6* 49 to net werth (45/45) 50.4% 61.6% 31.0% 58.3% 51.7% 58.5% 45.J* 63.4% 49.4% 51.5% 44.4% 55.1% 51.5% 39.0% 54.5% 31.3% 47 39.9% 48 49.7% 70.4% 80.8% 78.5% 49 50 Tangible sssets 51 s 54 55 Reproducible sssets Inventeriee Lsm# 54 Total sssets 57 Net verth 88 ?***! eerp. reel estate 59 Debt-net werth rstle (27/57) Dete ere In mllll.ns e# dallars. s.* is 174.458 148,MS 2.129 98.285 48.SIS 194.820 210,204 224.048 165.151 2.314 107.716 55,101 254.458 187.192 2.422 119.918 64.852 254.502 200.857 2,519 132,214 66,102 281,919 50 214.141 2,427 145,405 47,911 224.174 2.7S2 157.140 44.582 245.585 2.847 149.571 72.945 249,788 2 59 184,287 80,542 51 52 55 54 9.815 9.307 9,428 9,547 248 28# 9.919 276.859 10.244 307.511 10.919 124.141 12,151 55 S4S.112 S41.84S 598.591 180.710 429,129 54 194.749 204.428 222.084 259.850 57 157.748 151.237 167,460 41.491 64,015 71.822 77.502 84.144 47.2% 47.5% 90.29# 48.1% 97.OSS 104.745 58 ** 4% 47.1% 48.7% 47.2% 48.1% 59 October 1999 S«t.r B . L n c . $ h... w l t B T . n „ b l . « „ . t , , t Y*ar-End Outstandings 1*5? 27 1958 1959 V##r.End Outstandings 1960 1961 1962 ~ N.nMn.ncl.1 C.r.or.t. 439.521 453,142 371.645 5.542 277.332 88.771 $71,522 *750 283.999 86.773 67.876 151.876 493.209* 508.781 396,473 6.076 297.664 92.733 527.068 417.655 6.758 313.132 97.765 434.026 7.361 32 3 884 102.781 452.321 8,014 335.628 108.679 74.620 80.407 85.504 91.126 178.716 93.042 181.736 95.015 194.579 206.757 222,448 57,937 34.564 5.000 61.337 33,427 5.687 61.670 32.738 6,671 2:6 15.344 2,395 1.089 790 13.582 2.697 1.304 731 16.736 3,787 969 309 1,097 15.481 3,680 1.694 12.303 253 107.600 55.482 44.480 6.350 91 4,561 5 6 . 185 29.196 1.500 131 16.389 1.479 435 16 149 16.692 1.958 210 132 22,821 1 . 794 742 17 18 S75.„« T . n . m . ..., ts 163.502 50,992 30.083 1 .900 11 1964 547.336 407.705 6.348 305.767 95.590 12 13 14 15 1961 476.880 48.458 29,024 1.000 10 Curr,„t C e i t 51 ,429 28,243 3.000 148 16,868 2.382 788 54.837 31,673 4.100 8.692 8.848 10.141 9.643 71.812 31.850 27,409 3.511 38 892 9.638 23 26 65.414 29.312 25.394 2.965 32 921 25 77.363 35.027 29.827 4.081 51 1.068 591 .397 82.291 38.373 21.865 4.672 72 1.764 88.232 41.872 34.717 5.134 80 1.941 «!«.««« 6SS.S»t 10.405 168 92.757 45.490 37.276 5.684 90 2.440 198.502 208.404 226.924 <5 703.360 733*825 76,.78* 237.906 253.348 270.270 292.239 188,321 124.982 133.378 143.681 64.072 24,857 1.671 6.855 16.331 153.656 69.715 27.714 1.823 7.611 18.280 163.509 72,794 30.800 1938 8.518 20.34* 176.101 34 35 36 37 38 39 31.866 76.216 33.448 1.703 9.289 22.456 51.527 80.611 37.442 1.821 10.363 25.258 35.259 84.643 42.084 2.001 11.413 28.670 37.438 88.414 46,780 2.002 12,403 32,375 422 619 2.405 741 38.349 92.408 49.475 1.902 13.657 33,916 658 582 2.430 752 41,862 315 593 3,141 779 45,322 13.378 55.533 6.115 1.094 895 4.196 922 49,884 15.971 51.839 5.710 769 834 4.095 856 15.817 60.822 6.604 1.198 89# 4.281 1.135 13.615 63.725 6.910 968 665 4,989 1,183 392.895 408.240 428.672 14.995 67.452 7.392 1 , 1 :s 764 5,784 1382 15.941 70.616 7.612 437.039 17.508 78,466 7,944 450.012 <0 43 <4$ S " , Liquid assets 8 9 10 11 12 13 14 15 •— J-°reljn deposits 16 Consumer credit Mutual fund shares Trade credit Miscellaneous assets 232,381 243.248 251.107 260,919 267.707 274,676 242.470 342,082 341.299 354.114 428.294 389.171 17 18 19 20 21 22 23 24 6«ulty in .Pons, .i.nei,. 25 312.850 Total liabilities 200,822 26 Credit market debt Tax-exempt debt Corporate bonds Mortgages Home mortgages Multi-family Commercial 27 28 29 30 31 32 33 8«nk loans n.e.c. Loans from foreign Commercial paper 34 35 36 37 38 39 U.S. government loans For.is„ direct Inv. In U.S. « S00.«« Net „.rtn 221.652 45 Land 813.292 Total assets 27 28 29 30 31 32 33 41 42 t 257.308 Total f l n . n e m 11.368 203 99.057 50.483 40.736 6,031 90 3,626 26 98.106 (eurr,nt ce,t) 43 456,07# »«.13S Total c.r,. r.ai ,,t,t. 46 10,402 11.049 11.308 47 48 31.8% 51.5* 11.385 32.6% 38.9% 11.726 33.5% 39.7% 12,020 12.424 61.7% 35.1% 43.3% 83.7% 36.3% 38.1% 37.9% 45.2% 84.2% 81.0% 39.4% 41.2% 95.1% 83.9% 95.5% 372.784 394,#S7 353.214 4.573 256.541 $2,100 T.n.ui,, .n« M t « r t h .n M.t.rle.l c.,t b..l,: <18.173 445,402 Tangible assets 373,409 5,232 270,794 97,3#: 394.##7 6,047 285,444 103,174 420.321 6.915 303.421 109,915 21.421 23.214 25,274 „ 50 302,897 :13.#9# 331.052 51 52 53 54 290.021 3.107 204.32* 82,591 ttt.m 319.055 5.771 zze.ess 84.449 sst .t tis.ee? ee.see S S 4 < 2 S 337,109 4,104 243,555 89.450 50 . $2 *s;roduclble .*&,*, Residential structures 55 12,874 14.198 is.997 56 454.778 17,516 19.570 477.4tf 511.76# 534 361 567,363 26#.9*4 601,594 2#4.#44 640,421 298,455 314.015 *e2,910 Tetel assets 331.324 348.312 378,048 Net werth 11 57 256,271 116.038 59 124,19# 132,272 140.943 48.7% 149.900 49 5% 15#.691 58.8% 167.616 51.4% 52.0% 53.1% 54 8% Deti Lent 177.«lt Tetel cer*. reel .itet. M a 0ee *""«t wert. retle (27/S7) 55 56 57 H October 1989 28 S.ct.r ».ls«e. Sh..t with T.n.tbl, A „ . t , ,t Current c.,t Y*#r-End Outstandings Yeer-End Outstindlnss 1965 10 17 18 19 20 21 22 23 24 Land 1971 1972 677.610 726,638 789.967 865,814 572.599 10.891 420.267 141,441 934.953 621.393 11.650 457.568 152,575 684.696 13.681 506.007 165.008 1008 ,425 756.887 15,89* 558.759 182.250 1089 ,252 1 823,377 17.51* 615.785 190,076 895 ,870 20 ,200 672 ,957 200 ,733 966 ,298 21 ,261 727 ,758 217 .279 2 3 4 5 101,357 105.011 105,245 105,271 108.927 272.722 111.576 289.197 114 ,555 320,072 551,827 122 .954 6 570,274 406 ,708 456 .211 7 63.176 33.053 8.993 61,326 52,571 8.603 63,095 34,817 9,682 68.569 57.551 9,056 593 781 13.786 4.600 1.370 69,008 45.122 5.652 895 885 12.081 3.659 2.852 69,494 44,059 5.547 670 1.055 9.619 3.300 3,952 78 .819 42 .581 9 .509 1.121 1.587 10.593 5.782 5.099 13.242 530 120.876 61.501 49.283 6.766 97 5.355 5,511 1,173 7.322 2,800 7,628 15.418 425 153.247 64.306 51,007 7.551 234 798 7,492 2,175 9.389 5.848 13.704 655 141.575 70.188 55.529 7,999 154 6,726 1 .077 1 .234 9 968 5, .175 11,275 13.822 845 160,097 76.739 58.547 8,788 160 9.244 876.447 14,095 745 182.878 85.101 63.704 9.955 225 11.237 950,332 14.647 645 191.404 94,084 70.269 10,831 356 12.648 1015,855 17.266 690 205.849 106.084 76.588 11.878 559 17.459 1110.039 1217.641 1505,227 1415. 153 546,485 580,764 409.221 456.976 219.805 504,097 243,165 537.391 268.089 577.158 295,026 631.715 26 324.014 352,491 577.799 8* 185.565 61,422 5.050 21.672 56,700 409.186 634 197.750 64.183 3626 24,457 34.100 27 28 29 30 31 32 33 120.455 6.948 3,672 13,681 1,845 34 35 36 37 58 39 Consumer credit Mutual fund shares Trade credit Miscellaneous assets Foreign direct Investment Insurance receivables 10 $pon$ * ""eles 25 Total assets 26 Totsl liabilities 27 28 29 30 31 32 33 1970 ... 259.125 Liquid assets Checkable dep. 8 currency Time deposits Money market fund shares Security RPs Foreign deposits U.S. government securities Tax-exempt obligations Open-market paper Other* E.dudm, 515.965 9,804 380,964 125,197 7 Total financial assets 11 12 13 14 15 16 1969 617.322 Reproducible assets Residential streetures Nonres. plant S equipment Inventories 8 9 1968 HonHn.ncl.l C.r,.r.«. Tangible assets Ceurrent cost)" * 1966 Credit market debt Tax-exempt debt Corporate bonds Mortgages Home mortgages Multl-femlly Commercial 120 1 88 .015 8 44 .958 9 11, .890 10 11 2, 688 12 2, 172 13 7,917 14 4. 175 15 14.255 16 17,954 752 250.251 119,259 81.505 13.729 577 23.650 17 18 19 23 21 22 23 24 1545,463 25 122.152 56.626 2.102 16.050 38.474 155.025 58.847 2.224 17.082 59.541 147.000 58,038 2.008 60.730 18.551 37.479 69,136 166.756 58.918 2.153 19.750 37,015 75.631 85,429 98,834 797 891 6,766 1,676 103,628 1,622 1,063 7,303 2,042 107,679 3.034 1,304 7,129 2,233 4.249 1,574 8,245 1.657 5,356 10.730 1,774 20,169 *7.714 8,797 7,133 3,090 10,907 2,059 20,374 108,171 9,054 6.247 5,619 11,579 1,604 15,647 115,562 9,923 18.508 132.627 10,815 15,202 155,0*3 11,818 11.472 160.158 13,270 569,5*8 13.345 172,080 13.914 604,614 13,253 40 194,406 41 14.868 42 653.0*3 713,544 767,83* 837,995 913.750 45 Bank loans n.e.c. Loans from foreign Commercial paper Acceptance llab. to banks Nonbank finance loans U.S. government loans 40 41 42 107.474 54 525 1.598 15.247 57.680 529,962 34 35 56 37 38 39 *7.260 51.685 1.997 14.522 35,166 Profit taxes payable Trade debt Foreign direct lnv. in U.S. 43 Net worth 2.282 Memo: 44 Total corp. real estate Market value of equities, 45 Including corp.farm equities (Met worth of corporate fares. 4* free fare secter table) 47 Debt-net worth ratle (27/43) 48 Debt-eawltles ratle (27/45) Ratle of market value 49 to mat worth (45/43) 303,361 324,913 340,77# 3**.*** 400.70$ 454.192 474.407 514,799 44 553.720 504,223 651.67S 73*.50* *4* 230 13,783 *48.492 14.325 758.897 15.045 855,233 45 14.39* 1*.418 41.4$ 39.6* 16.850 42.*% 48.2% 18.160 44.1% 41.1% 20,609 46 45.1% 40.0% 45.4% 50.1% 104.4% 45.9% 54.5% 88.5% 45.0% 49.7% 107.4% 44.7% 47 47.8% 48 112.7% 90.5% 84.4% 90.5% 93.5% 49 vsrti em Ulsterleal 50 Tangible assets 51 52 53 54 Reareduelble assets Residential etn Memrea. eleet • Inventeriee 55 Lam# 5* Tetal assets 57 Net werth 58 Tetal cer*. reel estste 59 Debt-met vert* retle (27/57) Date ere in ellllems ef sellers. est beala 4*2.941 531 ,891 574 ,*19 *20 ,905 *78, 20$ 4H.091 7.717 S27.914 110.448 724, *91 501 ,494 8 ,412 357 ,959 135 543 7*9.851 542 ,245 9 ,015 386 .579 146 *55 828 .16* 50 58* .25# 10, 117 418, 144 157, 978 27.8M *5# 285 11.625 454 584 175.274 684, 117 15, 004 488, 550 182,$45 30, 199 727 ,522 14, ,**5 521, .24* 191, .415 52 .574 782 .78* 14, 756 5*0 .625 207, .425 54. *44 58.922 741.844 40.$74 804, *15 42, $09 8*5 81* 45 580 55 940. 97* 1050.052 1094. 9*5 423.851 117*, $59 454 595 1284, 577 5* 485. ### 525 95$ 557.$74 599 401 *52 664 57 190.8SS 205,*77 220,100 235,915 254.10# 274.0*4 55.5% 292,119 57.5% 58 9% 511.5*4 58 60.9% *1.6% *1.2% **.0% *2.*% 59 S9S.M1 51 52 55 54 # October its* Nonfin.ncial Corporate Business s iT! ™ .,» ""' - „„ c c — . . . . ~ — >• — 19*0 illliiiil?^ 1 I i 1 I 3 I 1 S 1 ll-- i : i . = ? S 2 3 a m ii~ i= ?1IIII11I*S=I iliiiiM : : : ;: : - - — — z = 5 1 1 1 1 1 iilB; != =! ? ?=S i i i l : 5 ? = =: I ~ ~ l i : """" 43 45 47e< ....... * *• "•* worth (45/4J) ...... — 51 57 : ° ete " z sre ,n % : ""llent *# Sellers. - ^ ...... * z..„ S l 4 * *#t werth retlo (27/57) 5, October 1989 Nonfinenelal Corporate Business 30 Sector Belance Yesr-End Outstandlnss S h ..t v l t h T,Mlbl, A ,„ts l t Curr,flt ^ V<tar m i Tangible assets (current cost) Reproducible assets Resldentlel strmetures Nonres. plant S equipment Inventories Lend 10 17 18 19 20 21 22 23 24 Consumer credit Mutuel fund shares Trede credit Miscelleneous assets Foreign direct investment Insurance recelveoles Other* l n , p e n $ * <".ncl„ 25 Totsi assets 32 33 41 42 198* -Snd Outstandlnss 1987 Corporate Business^Exclw*lna Farms 33*2,500 $507,837 3611.178 3849,783 2992.933 41,979 2277.016 673.938 3107.255 41,249 2406.915 659.091 3999,580 4159.005 3186.172 42.920 2469.044 674.208 3385.767 44.918 2599.950 740.899 3504.724 46.528 2704.974 753.222 3*32 050 <7,734 2835,201 749,115 4384.929 4*41.794 3831,1*4 51,225 2970,274 809,665 40*4,452 51.84* 3129,869 882,737 400.582 425,006 464.016 494.85* 1141.734 526,955 1256,813 553,765 1354,520 1444.417 577.342 6 1575.937 1687,810 326,045 74.625 74.372 16.062 48,837 20.593 42.674 4.066 44,816 353.59* 94.379 80.292 12.817 58,34* 18,508 39.030 4,902 45,322 1781.955 7 429.291 114.341 87.509 18.122 70.500 24.456 53.494 7.968 52,901 437.032 104,246 91,591 23.945 71.329 23,699 57.044 10,532 54,64* 30,632 7.193 592.477 398,173 221,941 58,635 724 116,873 472.004 119.955 99.569 28.648 79.538 11.597 65.665 12.029 57,005 6 9 10 U 12 13 14 15 16 32,302 12,519 *34,203 411,797 237.671 63.739 831 109,55* 32.409 15.675 650.423 448.141 262,553 67.893 913 116,982 34.804 12.815 716,8*3 486.29* 306.688 78,781 1,289 99,538 57,441 10,615 755,470 528.427 322.877 77.757 1,295 126.498 17 18 19 20 21 22 23 24 $204.50$ $««$.,,7 S7S4.»«2 4072.71, 220.443 47.373 47.758 18,416 33.422 22.965 20.214 3.470 26,825 25,280 1,624 507.259 361,473 224.826 47,320 642 88,685 266.781 53,252 59.029 19.031 42.143 22.553 30.500 3.536 36.737 25.254 3.070 492.177 354.452 213,347 50,030 714 90,361 301.914 61.943 70.645 11,153 48.387 25.680 38.498 4,201 41,407 28,589 4.501 544,409 377.400 215,934 53.493 723 107,250 43 Net worth 1486,264 1618,180 1855 859 2042,727 966,106 74.466 406.997 34,790 5.056 30,766 -1.032 1045,780 83.897 423.023 50.316 5.057 27,597 17.662 2285.784 2508.*45 2770.821 2* 121*.931 104,439 4*9,152 52,*00 5 05* 25,823 21,721 260,478 13,095 42,722 21,448 49,942 9.571 1353,599 127.039 542,905 35.599 4,80* 21,*90 7,105 314.598 15.612 37,614 20,66* 50,512 10.851 1555.814 117,158 **4,181 *1,40* *,727 22,193 32,48* 335,192 18,290 36,775 27.641 58,24* 10.400 1711.621 116.224 764,121 82.043 7,641 22,924 51.478 384.108 31.339 58,490 30,432 74.771 11.*00 1917.085 116,292 884.990 9*.219 7.715 2$.909 *4,595 27 28 29 30 51 32 53 24,01* 37*,371 108,71* 414.992 32,881 72.207 28.323 87.42$ 14,230 14,19* 381.285 124,*77 4*4.*8* 43.948 *2.8*5 28.129 98.711 14.750 19,053 418.288 137,059 469,30$ 45.845 73,768 33,229 115,655 11,455 22.3*1 451.98* 1*4.581 581.855 54.425 85.3*4 32,587 155,44* 9.907 54 55 3* 37 58 59 18,490 48*,025 184,*13 3044,071 profit taxes eeyeble Trade debt Foreign direct in*, in U.S. 48*7.991 925.405 59.523 388,331 80,4)5 4,544 37.408 38.543 Bank leans n.e.e. Loans from foreign Commercial paper Acceptence lleb. to benks Nonbenk flnence loens U.S. government loens 4649.571 1434,506 Credit market debt Tex-exempt debt Corporete bonds Mortgages Home mortgages Multl-femlly Commercial 34 35 34 37 38 39 1985 <478,579 26 Totsl liabilities 27 28 29 30 Nonflnenclal 1»< 369.567 Llould essets Checkable dep. * currency Time deposits Money market fund shares Security RPs Foreign deposits U.S. government securities Tax-exempt obllgetlons Open-market paper 11 12 13 14 15 16 1983 1116.079 7 Total financial assets 8 9 1992 31*3,507 20.440 489.118 220.412 3249,811 507,155 271.788 J54..444 5*61.276 18,101 SSM.6M 6423,749 25 14.594 40 510,291 41 528.851 42 5*52.928 45 Heme* 44 Total corp. real estete IMS.<01 145..$27 1747.«M 1382.77$ 1*3S.7$8 60.125 5*.827 38.4% 7*.l% *9 JS0S.M7 1214.84$ « s.e ts 1823.874 1891.191 1987.312 1*17.7$$ 2022.*48 2352.*29 2344.029 55.755 48.037 25*5.135 45 41.93D 30.5* *9 8% $2.1% *$.*% 38.944 40.*0* 43.494 4* 7$ 2% 39.7% **.9% 43.7% 45.1% **.*% 50.4% 48.0% 73.0% 52.4% 47 74.7% 48 48.3% $9.4% *7.*% *5.7% 70.2% 49 ewttlee. te net wertn (45/43) TM.lblM M M ( WWte M UltKIIrt M M 50 T e n g i n # esaet8 51 52 SI 54 Reproducible Residential ^ Nenres. ,1a#* • Inventeriee 55 Land S* Tetel eesets S7 Net wertn 5# Tetel c*r». reel estete 59 Debt-met wmrtft retle (27/17) Date ere in M i l i e u s e# do 11 ere. 20*2.309 44 28##.#8# 220*.488 2339.285 25*1.128 *##*.*22 2119.370 2244.497 17.117 1*$9» 909 587,*71 2457 #2# 18.148 1789.57$ *50.11$ U.30S lit*.782 1*.718 2739.911 2880.904 30*1.3$$ 3271.992 50 2*24 94* 19.159 1944.897 6*1.*98 275*.737 20.2$4 2077,$7* *$9,187 2927.2$$ 21.38* 2194.2$9 711.*2# 312*,992 22.288 232*.079 778.*2$ 51 52 53 54 188.121 1525,17$ 577,479 81.*7* 87.118 94.78# 10$.282 S2#2.97? 114.9*8 124, U 7 $$48,222 1$4,108 $59*.09# $91$,*48 41#4.$$2 44$*,#41 18*1,958 4749.1*$ 1977.918 585$.947 5* 28$9.781 2141.*8# 2171.817 2248.$1# 228$.12* 57 17*8,471 145.000 55 **•.0*1 7$*.08* 790.551 859,$94 S2.$% 9$*.$$$ 984.42# 51.8% 104*.084 52.7% 1099.779 58 59.8% *3.2% 71.6% 7*.$% 8$.9% 59 October 19#$ Private Financial Institutions Private Financial Institutions Sector Balance Sneets with Tangible Assets at Current Cost 31 Year-End Outstandings Veer-End Outstandings 1950 1951 1952 1953 1954 1956 Private Financial Institutions 1 2 3 3 ,401 3 ,020 381 s »7#5 3 ,351 434 4.270 3.770 500 4,452 3,919 533 4.793 4,184 609 5.174 4.441 733 5.997 5,113 884 6.928 Tangible assets 5.841 Nonres. plant ft equipment i.0#7 Land 4 271 .794 , 292 694 313.254 339,966 362,566 5 6 5.490 50 *, 07# 394,451 427,753 53 6.692 129 6,894 170 7.220 205 8 9 283 49 348 53 7.978 431 128 205 283 348 431 11 12 13 14 15 8.065 231.749 103.193 4.952 10,173 31 .949 9,412 248,134 96.672 4.604 12,506 34,274 10,257 264,264 93.517 4.285 14.125 37,918 11.866 287.569 95.732 4,542 15,776 42,874 12,941 307,431 96,182 6,044 17.841 47,602 17,728 332,683 101,548 5,865 21,260 51.873 17 52,164 16,209 25,750 686 4.875 394 25.946 379,251 89.716 4,832 24.140 58.683 19 20 21 22 43.178 12.931 20. 116 499 4.486 272 24 . 144 357 ,182 93 .931 5 ,253 .825 54 .857 59.934 16.879 30,805 1.025 5.286 490 67.517 20,801 32.719 1.276 5.840 492 75,806 24.507 31,545 1.165 6.166 573 86,499 25.510 31,723 1.147 6,385 873 3.658 18.578 723 3.432 4,453 19,855 740 3,918 112,799 34,872 44.870 1.007 7,365 967 4.132 22.753 850 4,049 4.865 22.703 948 4,782 Mortgages Consumer credit Bank loans n.e.c. Open-market paper Other loans Cust. llab. on acceptances 17 18 19 20 23 24 25 26 100 ,739 31 .706 39 ,235 942 7 .052 642 5,729 22,672 1.006 5.157 7,526 21,345 1,064 5,966 27 275,195 8 .645 21 .687 1.156 6 .332 296,481 8,023 22,320 1.291 7.612 317,524 344,418 Security credit Vault cash ft come, bank res. Trade credit Miscellaneous flnan. assets 23 24 2S 26 367,359 399.625 433 ,750 460.211 Total assets 28 248,828 267,497 286.945 311,652 332,626 359,921 29 30 31 32 33 390 .042 90.329 64,861 95,924 67,322 413.736 Total liabilities 102.743 72,303 107,902 80,167 108.025 88.446 112.538 97.80# 114 .678 106 ,581 4.294 -82 4,576 -61 4.546 7 116.493 116,213 4,874 22 5.824 37 7,011 -20 34 35 36 46.444 15.092 2,133 6 693 -205 49•0#0 17,511 3.2#9 51.635 20,367 3.376 *•489 -210 54,480 24,184 3,420 57.38# 28.538 3.251 60.3#9 33,295 3.142 37 3# 39 40 41 42 43 63, ,459 40, 49# 4, 290 3.070 4,468 1.355 3.344 6.354 1.735 3.4*1 6.953 2.023 3,931 8.19# 2,280 4.146 9.899 3.681 6.109 10,094 3.604 1,735 951 427 2.697 1,112 #10 2.460 1.559 911 3.139 1.915 864 3.044 2.222 NA 44 45 46 47 2,5## 2,960 70# 14,923 #6# 16.330 1.09# 17.755 1.434 19.984 4# 49 50 26,367 19.697 6.670 2#. 9#4 21.213 7.771 30.579 22.251 #.32# $2,766 24.091 8.675 « i:«« 7 "is "in 16 18 Oi 453.283 Total financial assets Checkable dep. ft currency Small time ft savings dep. Honey market fund shares Large time deposits Fed. funds ft security RPs Foreign deposits Corporate equities Credit market instruments U.S. Treasury securities Federal agency securities State ft local obligations Corporate ft foreign bonds 5 6 7 8 9 10 11 12 13 14 15 16 22 27 Checkable deposits Small time ft savings dew. Money market fund shares Large time deposits Fed. funds ft security RPs 29 30 31 32 33 66.626 45*679 4.655 Life insurance reserves Pension fund reserves Interbank claims, net 34 35 36 7,838 13,943 4.52# 9.046 14.796 5.609 3.250 2,373 NA 5. 611 2. 3# 7 NA 5.110 2.849 MA Mutual fund shares Credit market instruments Corporate bonds Mortgages Bank loans n.e.c. Open-market paper Other loans 3.445 37 3# 39 40 41 42 43 4.450 4. 746 4.15# 1.903 21,724 1.634 23.471 1.260 26.261 1.452 2#.339 Security debt Trede debt Taxes payable Miscellaneous liabilities 44 45 46 47 34,733 25.211 9.522 39.704 29.026 10.67# 43. 70# 31. 324 12.384 46.475 Net worth 33.001 Approximate share stock cos. 49 13.474 Approximate share other cos. 50 'i-.iii s i:zi n October Prlvet 1989 » Financial Institutions 32 ^Mr-End Outstandings Prlvete S.et.r ».l.ne. M . . « , wlth T.„slbl, A „ . t , ,t Curr.nt c . t Financial Institutions V'*r-End Outstandings 1958 * Tangible assets 2 Nonres. plant • ewlteent 5 Land * Total financial sss#ts 5 6 Checkable dep. 1 currency Smell time ft savings dep. «oney market fund shares Large time deposits Fed. funds ft security RPs Foreign deposits 8 9 10 11 Corporate equities Credit market Instruments U.S. Treasury securities Federal agency securities State ft local obligations Corporate S foreign bonds 1964 7,5*1 6.294 1.297 8.160 6.645 1,515 8.904 7.172 1.732 9,555 7.607 1.948 10,284 8,065 2,21* 477.235 523.708 11.338 8.898 2.440 559.123 12,237 9,615 2,622 597.775 13.727 10.843 2.884 657.483 8.202 500 8.877 668 706,358 8.636 724 771,717 9.062 721 846.661 4 10.212 877 11.141 960 11,189 1.023 11,491 1.118 1.023 1.118 5 6 7 8 9 724 877 1 2 3 10 - Mortgages Consumer credit Bank loans n.e.c. Open-market paper Other loans Oust. llab. on acceptances 61.385 537.083 99.057 6.364 38.685 84,852 121.385 37.445 46.746 1.319 8.679 1.307 133.645 37.567 47,263 1.797 9.047 1,194 58.089 584.815 100.540 8.225 44.443 90.811 161.284 48.423 57,509 2.405 13.420 2.027 83.861 692.364 98,411 9,501 52,403 103.860 11 12 13 14 15 16 Security credit Vault cash ft COMB, bank res. Traoe credit Miscellaneous flnan. assets 148.301 43.670 53.879 2.468 10,899 1.151 70,821 634.368 97,066 8,660 48.825 96,799 177.338 50.688 60.584 2.707 14.125 2,683 7.726 22.369 1.451 8.435 197.873 55.639 66.697 3.141 14.796 2.650 9.172 21,753 1.599 9.405 223.583 62.972 73.771 3.170 16,632 2,890 9,414 21,186 1.782 10.179 9.615 20.427 1.934 11.312 249,213 71,292 82.015 3.577 18,707 3.385 17 18 19 20 21 22 11,772 21.076 1.993 12.208 12.423 21.973 2.201 484.826 13.797 531,868 15.085 21.308 2.332 14.570 568.027 607.330 15,045 22,382 2.484 16,798 23 24 25 26 667.767 717.696 783.954 860.388 27 437.348 478.920 511.408 547.071 600.370 115.841 128.299 647.290 121.409 142.572 709.738 122,979 154.096 779,874 28 125.022 165.818 130.140 184,107 6.701 -313 134.711 209.910 9,290 -252 136.925 235.499 7.552 -28 11.119 -262 69.277 51.332 4.159 13.569 14 16.408 63 72,294 60.436 4.264 75.606 69.246 5,144 20.353 26 78.758 76.728 5,780 143,641 261,152 25.119 540 82,112 88.649 7,010 8.714 16,376 6.354 85.754 93.639 6.849 13,241 15.655 6,556 89.860 106.041 6.844 15.818 19.358 7,733 17.026 22.985 *.112 22.875 24.869 9,262 21.271 27.943 5.113 3,644 1.265 4.406 3.395 1.298 *,222 25.214 33,472 10,530 5.441 4.050 2,134 6,117 5,775 1 ,*81 6,643 6,302 2,642 4.287 7.764 7,478 3.47* 4.848 9.417 8,741 4,784 5,382 6.254 1.635 31,040 7,046 1.698 33,465 7,739 1,387 35,363 2,364 36.351 1.3*2 3*.377 1. *47 41,72* <7,471 33,118 14.360 52.948 37.02# 15,920 56,61* 39,635 14.*84 60.25* 41,*23 It.334 67,3*7 47,345 20.052 45.586 5.481 59.55* 5. *70 73,182 6,544 75,874 7.075 117.*25 7.747 assets 28 Total liabilities 29 30 31 32 33 Checkable deposits Small time ft savings dep. Money market fund shares Large time deposits Fed. funds ft security RPs 34 35 36 Life insurance reserves Pension fund reserves Interbank claims, net 47 1*43 46.239 497,744 92.783 5.513 34,835 79.545 27 Total 45 46 1*42 42,634 463.844 90,983 4,795 32,791 74.907 16 64 1**1 Private Financial Institutions 36.361 455,206 97.785 5.713 30.508 70.687 17 18 19 20 21 22 37 38 3$ 40 41 42 43 I960 25,530 402.523 88.839 5.197 26.449 65.157 12 13 14 15 23 24 25 26 1959 Mutual fund shares Credit market Instruments Corporate bands Mortgages Sank loans n.e.c. Open-market paper Other loans Security debt Trade debt Taxes payable Miscellaneous liabilities 48 Net worth H Approximate share stack cos. 50 Approximate snare ether ess. 1 *4,172 34 120,821 35 6,864 36 29.116 38,847 12,834 9.952 10.736 5,325 37 38 39 40 41 42 43 1,548 46,217 8,377 1,759 4*.466 44 45 46 47 70,404 48.445 21.941 74.216 51.397 22,819 80.514 48 55.546 4* 24,968 50 *0,52* 8.417 110,586 9,345 118.184 51 10,376 52 Neeot 51 Market value of equities 52 Total fin. Inst, real estate 29 30 31 32 33 Octootr 198) »te Financial Institutions Pplv — - prl - '"' — 7 ; — Yemr-End Outstandings — "" 1 2 3 4 927.615 - 23 24 25 26 15.263 23.298 2.649 18.617 27 943.191 28 857.311 29 30 31 32 33 148.953 288.408 34 35 36 98.863 135.770 6.794 37 38 39 40 41 42 43 35.220 45.267 15.051 31.033 1,749 12.290 11,929 5,997 44 45 44 47 1.786 54.731 48 49 50 85.880 57.713 28.167 " 8,737 '" :n! 1»71 4 ,269 1 , 168 99.136 754.524 94.313 10.428 57.099 111,594 2 74.728 80.223 98.026 3.511 21.210 3.392 1970 |,7Z 1.492 1,126 17 18 19 20 21 22 "« f i i l i l l l E i 111 1I1 S 11 I I lB: nEi E 11 I E Ei E * i I 11.876 1 , 126 11 12 13 14 15 16 »<• Prl»»f F l m n c U l Institutions 15.576 12.460 3.11# 5 6 7 8 9 10 "" 151 ,178 1077 ,106 91 ,535 26 ,177 93 .798 165 ,305 i|j» 20. 174 31. 197 4. 370 39. 144 siii! »iS 416 425 128, .691 163, -017 13. 642 40,222 7.889 1543.688 £•«• *«n«s & security RP$ ? 23.525 35.329 4.661 45. 715 1367. 763 . 196 ,720 1185 ,572 90 , 779 34 ,266 110 ,375 180 ,266 375 ,439 115 ,495 151 .576 12,846 37,877 7,058 1 II H E-E'-:-- I 2 I i : 2 3 i i I l i : ® i l l 1 " " : : S 5 : : = pm= $ H £i ! ! « ? « ' a =£~ ! ! 3 S 3 i 1 1 I US'- I l l I 1113111sr.,: "2-' M l0 "l25< «»•«« " 1/77.899 Total assets 223 .190 550 »038 86 .914 11 159 136 .349 297 .948 10 .730 58 .926 96 ,332 32 53 1, .160 19, >520 34, 720 7,979 If.502 2.450 149.001 R ' ® s ® 8:is - ":is """ - •«« t s s i 135.360 1 89.238 46, 122 •:!;» " s T s s : : : : : : » s October l»*g Financial Institutions Prlvste 34 Sector Sh..ts w U „ ^ ^ Curr,flt ' " " " " l - *aar-Cnd Outstandings V a r - C n d Outstandings 1975 1 Tangible assets »!""* • s h i p m e n t 5 4 Total financial ssssts 5 6 7 8 9 11 12 15 14 15 16 Hertgages Consumer credit Bank loans n.e.c. Open-market paper Other loans Cust. llab. on acceptances 21 22 25 24 25 26 Security credit T r i i d t « - • » Miscellaneous flnen. assets '•7 Total assets 28 Total liabilities 29 50 51 52 55 Checkable deposits Small time 1 savings dep. Honey market fund shares Large time deposits Fed. funds 4 security RPs 54 55 56 tlfe Insurance reserves Pension fund reserves Interbank claims, net 57 58 59 40 41 42 45 44 45 46 47 Mutual fund shares Credit market instruments Corporate bonds Mortgages Bank loans n.e.e. Open-market paper Other loans Security debt Trade debt Taxes payable Miscellaneous liabilities 48 Net worth » 1977 : : : : : : : : : : : : : 40.124 55.778 4.546 1896.892 49.804 44.950 4.854 54,66) 50.140 4.529 61.085 56.408 4.675 * ' * 1" "HImi 1980 69,03# 64.100 4.93# 82,512 76.641 5,671 92,098 86.374 5.724 2788.535 5189.039 5597.157 21.404 2.517 244 24.521 8.242 14 24,645 1.766 762 55.280 9.482 470 27.318 2.121 2.182 48.082 14.434 5.109 105,837 99,350 6,487 1 2 3 <032,091 4 200S.»0» 22401163 2S01.8.J 16.455 1.611 17.101 1,895 19.011 2.124 20.005 2.075 7.085 5.709 12.689 6.107 21.909 5.059 20.005 5.516 206,514 1510.878 85.799 57.596 131.457 208.255 160.149 1652.527 82.856 65.526 138.595 225.855 218.956 1782,096 125.304 76.595 146.552 254,888 255,735 1985,517 164.212 85,626 159,448 285.441 542.307 170.287 237.809 18.155 52.525 8.892 246,107 2241,708 168,526 101,287 182,427 516.113 580.502 178.896 278.672 25.118 60.025 18.484 280,918 2544.561 161.074 122.008 208.659 553.559 614.250 185.666 265.227 51.760 65.347 18,727 524,991 2855,284 164.892 146,076 229,055 579,567 677.171 204.452 271.904 41.446 75.294 22.525 404,614 5142.548 202.213 178.908 252.915 420.112 11 12 13 14 15 16 24.300 57.748 6.485 82.109 773,240 240,794 300,725 42,429 90,513 25,654 20.546 37.483 7.020 90.592 880.529 284.326 359,448 45.663 104,557 24,938 25,654 38,504 7.668 121.402 978.889 323.580 409,711 71,715 119,354 32,465 54,166 57.279 8.878 134.719 1042.239 326.004 456.947 93.343 150.077 59.790 17 18 19 20 21 22 58,419 40,792 10,176 154.589 2055.715 58,170 46,693 11,656 194.636 2294.852 57,612 48,280 15,591 218,153 2562,976 45,661 47.263 15.575 251,402 MS7.S71 $271.$ S l 23 24 25 26 „ 1907.385 2143.179 2590.578 256.121 589.205 2669,67# 5048,510 244,045 724.657 3.696 158.155 52,914 5450 ,299 25# 265 846,074 5,686 144,277 49,086 5*37,170 2# 126.021 27.416 236,087 626.79# 2.579 167.087 50,495 145.522 302.485 4.8*7 2#3,729 940,587 3.887 172,579 56,654 150,52# 507,089 4,591 510,151 1005,465 10,80# 227,577 80,005 158,474 402,163 -7.947 557 ,717 1065 .076 45 • 214 256 852 96 525 167,073 461.039 5 963 550,249 1147.774 76.362 516*25 119.937 46.655 125.449 57.593 1.480 27,757 41.672 15,147 176.386 507,452 -19,19# 55,151 150,686 40,473 1.649 51.641 55.119 21,804 187,257 601.757 -#,2#4 43,034 151,739 47,361 197 ,675 699 .396 9 .425 2,02# 2#,076 56,429 17,#45 46.510 159,593 53,#72 2,416 24, 9#5 62.45# 15.#62 207.364 34 859.642 55 -22,544 56 16,075 45,490 1##,217 65,837 2.4 2# 24.645 75.134 20.173 13,150 46,049 223,#25 73.686 1,960 26,432 #9,077 32,670 16,034 51 .78# 265 ,776 79, ,14# 1. .950 26, 926 115, 914 41,83# 23.3#S 61.808 286,416 80,765 1,910 25.939 128.839 48.965 57 58 59 40 41 42 45 2,608 170,06* 25.297 2,693 180,651 25,644 2,437 213,7»0 26. 712 2,960 244.393 3,##4 2#4,714 4,#39 333,457 4. 986 573. 157 53,405 5.662 416.272 44 45 46 47 I*#,52# 100.945 47.5*3 148,32# 97,921 50.407 151,653 99,650 52.003 172,59# 115.3#7 59,211 187.893 118,1#7 69.704 222.#41 129,997 92,#44 25#. 954 154. 341 104. 615 500,758 48 185.577 49 115,181 50 212,944 25.059 133.602 29.122 155.563 29.69# 20#.193 31,397 191.#9# 33.9#S 199.157 40.040 231.327 41,502 259,9*4 51 45.#01 52 Memos 1 Total fin.elue 1 ?!C*?V Inst, 52 1978 Private Financial Institutions 1788.488 Corporate equities Cr .*.-i* a , a r * e t instruments u-S. Treesury securities Federal agency securities *1*1* * l 0 f a l obligations Corporate S foreign bonds 17 18 19 20 1976 1957.016 Checkable dep. # currency Smell time S savings dep. Honey market fund shares Large time deposits Fed. funds & security RPs Foreign deposits 10 1975 *«ultles real estate ,f «.nlrs. 30,597 2.850 4.491 61.604 18.717 6,769 10 29 30 51 52 53 October 1989 PrIvate Financial Institutions Sect.r B.l.nc. Sheet, with T,n,lbl. A , „ t , ,t Current Cott Y*#r-End Outstandings m i 1992 Private Financial Institutions 35 V*#r-End Outstandings 1983 19*4 1985 198* 1987 Private Financial Institutions" 120.073 112.741 7.332 4454.786 5 6 $3,678 1.231 129.202 121.513 7.4#9 136.757 128.580 8.177 155.041 145.668 9.373 171,424 160.940 10.484 199.200 187.382 11.818 223.683 210.159 13.524 4914,193 5503.199 6231.739 7141.117 41.134 5.699 11.367 102.771 44.305 23.759 8185.497 8839.802 42.370 7.313 9.890 97,525 53.576 21,911 42.638 6.940 15.093 97,320 71.608 21,213 55.194 9,565 16.475 104.102 80, 148 19.027 68.800 12,851 26.486 123.208 87,086 22.168 66.845 12,931 23,259 146.I 64 93.634 258.804 Tangible assets 243.769 Nonres. Plant 8 equipment 15.035 9667.321 Total financial assets 10 12, 122 84.038 33-833 18.846 11 12 13 14 15 14 394.616 3471.416 247.028 222.604 265.051 444.584 478.306 3721.753 322.068 283.659 286,774 480.486 611.974 4115.001 388.627 353.251 301.717 523.028 21.612 615.638 4699,568 469,659 395.708 325,791 596.683 75.361 11.606 22.324 167.016 98.739 29.695 17 18 19 20 21 22 1092.163 342.607 509.299 148.408 148.588 51.084 799.986 5283.092 539,778 448.650 423,515 684.142 1084.958 358.973 526.861 165.170 153,985 58.819 972.139 6025,698 651 .441 609.994 467.935 810.861 1013.804 6604.578 671.185 755.311 456.427 953.753 1181.437 403,935 556.630 170.150 170.554 65.672 1328.494 483.145 613.406 213.203 204.047 69.432 1156.339 7185.808 655.838 834.092 462.301 1094.427 23 24 25 26 49.232 43.851 18.117 291.806 1462.176 563,659 652,706 219.280 229,214 59.972 1600.072 621.185 719,131 239.202 251.475 54.402 52.006 46.021 20.242 368.828 1781.966 651.224 720.312 268.633 284.890 60.877 62.838 42.442 22.239 416.120 66.289 46.057 25,000 524.375 1976.029 699.083 758.282 322.340 323.962 57.454 27 96.117 54.168 27.190 596.033 4574.859 97.060 73.759 32.062 644.180 5045.395 76.209 66.642 35.651 678.473 5439 954 77.448 66.908 41.308 734.769 4386.780 7312.541 8384.697 9063.485 9924*125 Total assets 28 4245,203 4719.923 5289.982 5975.867 29 30 31 32 33 6861.104 267.269 1195.586 186.158 378,116 149,033 7882.839 394.790 1334.287 219.837 395.450 181,211 422.174 1550.855 179.393 382.439 194.133 459.266 1701.578 233.554 469.790 234.539 8542.187 9374.647 Total liabilities 34 35 34 526.170 1842.740 243.802 487.687 263.544 216.308 910.736 -68,927 640.793 1962.606 292.109 492.707 312.207 223.279 1081.288 -102.550 628.185 2031.661 316.095 543.285 308.137 231.100 1280.083 -100.387 652.977 2163.373 337.953 596.780 334.234 234.066 1402,033 -91.625 263.728 1888.082 59.841 341.774 86.005 1.930 27,124 141.519 . 65,194 -67.552 76.851 370.437 99.715 2.043 28.503 174.175 66.001 112.121 403.181 118,401 2.048 28.094 195.443 58.953 289.444 2059.491 -24.550 29 30 31 32 33 37 38 39 40 41 42 43 246.507 1652.837 -72.896 Checkable deposits Small time ft savings dew. Money market fund shares Large time deposits Fed. funds ft security RFs 302.500 2384.731 -21.147 134.479 479.044 152.950 2.479 29.504 219.490 74.421 240.230 580.460 204.495 Life Insurance reserves Pension fund reserves Interbank claims, net 2.668 44 45 44 47 32.066 252.396 88.835 36.494 413.473 719.454 287.352 2.747 36.078 284.652 108.645 39.534 440.144 859.005 344.297 3.124 32.747 323.757 133.05# 34 35 34 74.409 2.334 1.877 771.401 74.094 3.394 1.927 883.813 43.945 3.221 1.444 1004.43# 37 38 39 40 41 42 43 2.071 503 43# 50.524 1.545 1.404 441.444 Mutual fund shares Credit market instruments Corporate bonds Mortgages Bank loans n.e.c. Open-market paper Other loans 1.951 490.842 43.454 1.023 1.714 588.499 478.242 985.714 417.950 3.383 34,205 377.395 152.781 48.551 7.517 2.353 1090.#49 Security debt Trade debt Taxes payable Miscellaneous liabilities 48 49 50 309.454 192.942 114.714 44 45 46 47 325.472 204.515 U S . 957 348.974 223.034 124.940 410.913 282.585 128.328 451.437 317.534 133.903 501.85# 343.317 15#.541 521.29# 324.414 194.494 7 8 9 " " 2 " sill?? * * currency S»all time 8 savings dep. Honey market fund snares Large time deposits Fed. funds A security Rp$ Foreign deposits Corporate equities Credit market instruments U.S. Treasury securities Federal agency securities State 8 local obligations Corporate ft foreign bonds Mortgages Consumer credit Bank loans n.e.c. Open-market paper Otner loans Cust. llab. on acceptances Security credit Vault cash ft come, bank res Trade credit Miscellaneous finan. assets 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 551.45# Net worth ::::::::: n *2:1% 98.543 Total fin. Inst, real estate « 52 October its* National Net North 36 National Net Worth '..tor. Aceountln, for Chan,. 1. C.n.oln.t.a N . t l 6 n . l H.t A „ . „ Annual Flows 1*4* 1950 1951 1952 1953 82.782 49.708 33.074 87.400 53.341 34.259 84.144 57,591 2#.575 108.591 60.650 47.941 322 110.844 67,517 45,547 1 2 3 -1.72# -240 26 -1,325 4 33.394 32,531 21.515 47.967 42.024 5 4.040 8.593 2.052 7.484 2.457 15.143 20.99# 17.214 55,166 28,977 6 7 1955 Domestic Investment flews* 1 Purchases of physical assets 2 - Capital consua»tle# 5 * w#t capital formation 4 5 * Net *1,521 34.113 25.40# 1.2*7 * Net Investment flows by domestic sectors -2.249 26.705 foreign Investment by us 85.849 39.458 44.391 44.142 90.342 45.463 44.479 45.335 Adjustments for tangible assets: • Revaluations of reproducible * tangible assets 7 • Change in land values 9*1 4.201 - Adlu«t«.nt of c.plt.l consumption • to Balance Sheet basis 43.404 21.757 32,935 18.004 -1 -1 Adjustments to net foreign Investment; 9 * 0# 1954 U S. net foreign 10 • Revel, of SDR holdings 11 * Change in natl. net essets -444 1.549 -1.105 1.332 51.422 110.852 95.173 49,581 1.773 -894 722 4,885 9 10 44.040 45.204 86.902 111,050 11 .111,050 12 Change in consolidated national net worth: 12 Total, all sectors 31 .422 110 ,852 95.173 49,381 44.040 33 .940 45 .087 32 ,682 - 2 .948 3 .628 10 ,274 1 ,451 45.204 104 .002 159 ,582 102 .150 20 .057 11 55 25 ,125 2 ,417 84,902 95.142 139.420 91 ,909 12.199 9.595 24.122 1.595 60,550 78.883 57,78# -491 3.495 15,904 2.187 52.402 47,524 28.211 -1.754 5.910 15.192 1.947 887 515 574 54,489 135.329 109,170 2,021 5.551 14,854 4,971 50, ,289 3,829 24. 440 84.455 151,49# 109.180 5,184 7.941 27.189 4,004 20.940 1.285 19,455 23 - Change in mm corp. equities 24 Net purchases 25 Revaluation 3.03# -529 3.547 2.279 -543 2,422 7, 754 568 7. 586 5,411 -2,225 7,434 23. 944 458 23. 504 10,902 -2,41# 15,520 22.495 1.529 20.944 18,202 20 -1.441 21 19,843 22 24 - Change/fin.Inst.corp.shares 27 Net purchases 28 Revaluation 15 »4#4 922 12.744 -#.230 454 ##44 2. 504 878 1. 428 70.442 193 70,449 1. 547 989 558 49,545 555 49,212 •45 725 120 17,584 23 945 24 14,421 25 1.409 1.37# 231 1.075 1.55# -243 4,787 1,497 3,290 4,414 1 »4#4 4.952 1.802 24 1.449 27 335 2# -3.794 -254 3 573 II 4.245 -3.019 7.23# 24 4.554 -1.124 5.459 21 -10.344 -5.503 -4,#74 51 -9,904 -5.490 -4.431 17 -9,288 -5,#29 -5,473 14 451 -5.240 3.453 1# -234 -IS -218 447 24 443 215 74 139 49 40 9 -130 -51 -79 539 254 2#3 571 173 39# 184 34 111 35 75 34 1«S -21 204 435 3 432 525 120 405 253 2SS 55 55 1,404 483 1.121 1,321 127 1.194 584 57 254 38 130 39 6* 1.9S7 SSS -799 1.904 1.44# -2.482 -2.807 1.474 -1.744 -1.54# 2 49* -2,410 1.44S 2,5#2 2 45# 1. 1#3 2,543 -1.804 1.420 2.970 1.895 40 -5.144 41 1.812 42 784.191 895.045 990,218 1039,599 10SS.439 1128.843 248.343 1215,745 288,255 1324,795 43 533,404 351.424 371.334 172.49$ 40S.904 428,212 44 IS Private sectors, consolidated 14 Sector basis, total 15 Households 14 Farm business 17 Nonferm noncorp. business 18 Nonflnanclal corporations 1* Private flnan. institutions 20 - Change In eg.In noncorp.bws. 21 Proprietors' net invest. ZZ Revaluation of equity 2$ 30 31 32 33 * Change in net flnan. assets of public sectors State t local governments U.S. government Sponsored credit agencies Monetary authority li 35 S* • Change In foreign equities **ld by U.S. residents Net purcheses Raveluatlon - Change In U.S. equities 37 held by foreigners 3# Net purcheses 3* Revaluation Other adjustments* 40 • Nonfinencial discrepancy 41 • Unallocated financial flows 42 • Unalloceted revelvetlees 43 National net M r t t M t t t a M H n at veer en* 44 dress Netlenel Fra##at Osts ere In alllieaa a# H i l a r s . 111,567 148,957 92.441 7.093 11,606 55,050 2.747 1.320 -2.977 4,284 13 - 13 14 15 16 17 18 19 29 30 31 32 33 October 198* National Net Worth Factors Accounting for Change In Con.olldeted Annual Flows National Net North National Nat Astets 37 Annual Flows 110.741 72.918 37.823 100.673 76.260 24.413 122.980 79.780 43.200 121.645 82.586 39.059 4.569 119.017 85.200 33.817 356 134,670 87.799 46.871 -1.878 1.805 2.833 2.261 4.053 41.322 40.864 36.650 49.132 57.678 -2.977 21.842 -1.549 19.318 96 13.739 i s 144.905 91.280 53.625 -5.974 16.434 42.392 8.614 21.037 24.769 Domestic Investment flows: S.»17 • Net foreign Inve.teent ey us «•*« * % *d)u.t.,nts for tan,ibi. a „ . t , , 8. 775 23.287 4.400 20.330 s s T S B B - r " ' -r-s -I -3 Adlu,t.ant, to nat foreign l n v „ t . . n t s 9 10 11 -1.514 72.753 488 -525 55.318 66.539 59.204 -1.308 53.114 601 -3.376 - 63.569 64.765 M , " • Revel. of u s w - s - "•* h6llln,t n m 72.753 13 14 15 16 17 18 19 55.318 66.539 59.204 75.425 50, 149 11 .414 6.768 6.218 24.746 1.003 53.114 73.449 200.915 164.220 9.240 6.640 15.345 5.470 63.569 72.810 113.091 80.827 5.654 4.507 20.432 3.671 64,765 61 .868 63.603 45.644 1. ISO 4.802 8.367 3.640 62.972 187.423 157.163 4.858 5.291 12.975 7.138 71.777 17.321 -10.304 4.200 6.873 13.543 3.009 67.798 164.158 134.838 5.774 5.74* 13.990 3.810 101 .327 1 fetal. all sectors 12.513 -1.127 13.640 15.233 75 15.158 7.905 -3.477 11.382 23 24 25 5.872 -2.838 8.710 -37.373 388 -37.761 9.808 51 9.757 101.402 156 101.246 10.779 58 10.721 26.103 -1.132 27.235 1.110 10.00* 26 27 28 -7.742 -1.404 -6.338 15, >65* -80* I * . 462 -416 2.280 -2.696 99.497 -1,061 100.558 10.831 2.400 8.431 -61.745 -2.714 -59.031 6.273 3.321 2.952 72.511 -2.995 75.50* 3.605 3.430 175 4*. 996 -2. 080 49. 07* 12 15.146 4.055 11.091 Net purchases Revaluation -3.490 4.183 -7.673 12.733 3.873 12.817 4. 367 8. 450 :hange/fln.lnst. Net purchases Revaluation -7.219 -4.168 -3.081 30 1 585 -3.314 1.698 31 -9.453 -3.795 -5.706 46 -7.63* -2.756 -4,935 55 -4.174 -2.565 -1.6*8 59 918 762 156 -18# 9*9 -1.157 431 1.105 -*74 2.50* 323 2.183 -1.472 109 -1.581 2.14$ 225 1.924 1.209 8* 60 -67 -1.687 -102 605 2.791 -537 29 30 31 32 33 -3.166 -4.662 1.458 38 34 35 36 -392 35 -427 •62 332 530 37 38 39 -870 147 -1.017 2.214 -54 40 41 42 1.172 58 #98 -16.621 -5.508 -11.148 35 OS# 351 707 2.2*# 21# -316 -41 1.S4S 1.7*4 -1.927 63 1399.548 14#4.#8# 1521.40# 451.03* 45*7%* 49f.#8S 81111*88 *# tellers. - v ln *4.In noncorp.bu Proprietors' net Invest. Revaluation of equity 295 663 36# -61 203 264 2.807 -1.741 -2.501 I 13 14 15 16 17 18 19 20 21 22 equities 23 24 25 rp.shares 26 27 28 i i s „ u"!,,i.ir#n:inrv,rn*,n" | J % - 594 195 399 64 Detl 8.8*0 ° " 1 1 107 .790 F 183 .259 v.:v,'r : : « : : N , ; : r , U f l e t , d 137 .94* Households 6 .601 Far* business 9 .517 "oncorp. business 22 .897 Nonfinancial corporations 6 .298 Private flnan. Institutions 20 21 22 11.11* l 101.317 . Change In natl. net assets S ' -553 Revaluation 1.642 : Revaluation H 37 38 39 Other adjustments* 15#0.*09 1633.723 1697.292 17*2.057 115.323 533.815 574.*43 606.898 • S l S S - a s s T s evt,tine, *49.774 Gross National Product "» 43 44 October 1989 National Mat North 38 F.«.r, Annual Flows ,.r C.„.U,.t. d N.t,enel „.t A 1966 1967 1948 1949 Domestic Investment flows* i • Net 4 Net * 179,610 100.628 78,982 • Net Investment flows 6 v domestic sectors 5 196.514 116,768 79,546 218.004 127,999 90.007 3,661 2,575 1.051 83,953 foreign Investment by us 197,135 107,489 89,446 4,971 "*•* capital fereetlon 93,307 81.921 91.058 Adjustments for tangible assets National Net worth , 259,444 141.450 97,994 1970 1971 1972 254,445 154,577 79,888 270.070 169.585 100.687 -1.121 315,207 184,549 128,858 1 2 5 2,978 -10,498 -6,964 4 94,873 82,844 90,189 121,894 5 91,792 44,824 77,587 18,950 111,757 38,587 116,625 70,951 r,Dr0<,UClbl# 6 *taJmii°«s^s * Change In land values 7 A 8 U.915 22,907 45,466 40.466 56.010 17,411 » * *««" 10 t l e n U>S " * *•»«!. of Ch * 95.572 4,093 ?oUBarin^°sno?1i«irn$Ue,Ptl0n -2 Ad)u,t..nts te n.t fer.lsn 11 t Annual Flows 1**5 5 „. »"„ SM 8 n,t - heldlns* 1" "«tl. net .sstts 12 Total» all sectors -1.753 259 828 259 -11.777 -941 4,799 -2,252 117.303 179,810 123,547 -4.595 94 189,584 258,289 -2,598 9 889 10 174,951 254,214 307,761 11 23 24 25 2 2 '" 2t 29 30 $1 32 33 cn c , / ;. ? . ur=^;:, Revaluation cor, - ,fl,r * 1 * Net purchases Revaluation Net purchases Revaluation 258,289 174.951 254,214 507,761 12 253,305 144.385 54,559 28,890 14,455 40,481 2.220 27,473 -405 27.878 197,784 209,441 151,175 4.142 15,555 54,292 4,459 16,764 -1.080 17.844 267,894 451,710 325,947 18,715 25,645 70.159 11.244 10,862 -2,967 15,829 351,695 521,489 544,879 34,991 31,504 75 . 755 14.740 64,803 -4,772 69.575 43.525 -4,055 49,578 -59,573 -3,490 -54,083 19,285 -4.408 25.491 135.399 -5.664 141.063 45.050 -2,200 45,250 150,619 -10,729 141,548 65.844 20 -8,442 21 72,58# 22 15,211 5,930 9.281 -107,827 -7,29# -100,529 -4.395 5,850 -10,245 -14.459 -2,745 -15.494 27,847 8,751 19,096 95,508 -5,446 100.754 22.789 10.448 •4.024 25 -8,792 24 92,818 25 12,121 -4.414 12.024 -14.440 9.051 10.820 -1,789 45.458 19,580 26.078 42.122 24 21.454 27 20,688 28 -2.911 -2.455 513 55 -4,253 -5.834 -2,443 44 -18,407 -4,922 -15.527 42 -15,442 -4,055 -9,424 15 -1.087 -7,50# 4.184 35 -20,714 -8.925 -11,810 17 -51.818 -8,678 -25,255 95 -724 720 -1.444 914 1.508 594 1.214 1.549 555 501 1.549 -1.04# -580 1,074 -1.454 1.048 1.115 -45 2,896 54 619 35 2.277 36 744 -480 1.164 t phu,»n?r=1;.,"ntr,M""" State « local governments U.S. government Sponsored credit agencies Monetary authority 56 ** 39 n 189,584 199.695 365.965 299,155 -9.269 19.482 46.449 8.148 222 Change In HH corp. equities Net purchases Revaluation 123.567 153,792 333.802 272.283 10,290 7,194 37,044 4.989 75$ -9#1 Revaluation of equity 179,810 182,640 144,145 76,864 7.731 20,284 39,404 1.440 21.183 259 20,924 Households F*rm business "fncorp. business 22 it 35 117.303 119.745 220.942 163.976 12.822 9.258 29.520 5.366 -1.954 305 -1.451 12,84# 49# 12,170 4.004 2.097 1.909 -2,75* 1.545 -4.521 44# 497 249 3,402 854 2.744 8,248 57 2.454 58 5.814 59 1.241 13 14 15 16 17 18 19 -2.104 -1.84# 4.145 374 -511 71 1.121 5.045 -41 3,894 5.452 4 514 259 8,444 -7,974 -2,958 4,587 -955 1.204 40 1.718 41 -5.455 42 Other adjustments* 8*8 -446 Hemes National net 43 Ot year end 44 Or*** Natlanal 29 30 51 52 35 MtttlNlSf 1988,487 Pr%4m* Data are &m el11lama ef daliara. -16,049 1.815 -1&.010 146 - 15 14 15 14 17 18 19 2140,497 2284,044 2475,458 2711,959 78S.8SS 1.898 771,9#2 3125.10* 814,582 3450,847 45 •92,412 9*1.94* 1015*45# 1102,*#4 1212,740 44 October 1989 National Net Worth F.ctor, Accounting ,.r Ch,n„ m Annual Flows 1975 1 2 1*74 1975 Con.oUd.t.d National Net worth National Net Assets 39 Annual Flows 1974 1977 1979 1980 365,507 201.554 161,955 364,416 251.335 155.283 554,920 268,788 86.152 4 4.485 459,142 297.791 141,551 528,552 552.704 195,848 -7.498 622.425 576.700 245.725 24,051 14,752 675,799 450,714 245,085 -16,556 -2.470 25.896 5 166.458 110.165 156,105 179.512 245.255 268,981 257.879 176,471 558,044 207.657 545.656 294,510 520,058 529,418 -4,085 -19 2.856 116 5,551 65 -4,257 -554 586,552 747,946 1086.596 5 125 . 785 220,722 128.864 428.521 H I .076 220,592 94,652 -5 -1 18,192 56 -5,214 -158 525.150 685.411 420,016 9 10 11 525.150 « l " lnv.,te.nt by us Adjustments to net foreign inv 685,411 17 18 19 521.278 425.057 lc>4. 186 77,628 61.794 108.271 15,168 20 21 22 . 154.947 11.225 125.722 16 ,ore *d)ust«,nt, for t.n,lbl, „ „ t s . 420,016 651,024 929.028 619. 770 71 .502 65,555 155.458 20,945 '<6 795,055 899.297 556,862 49.776 110,458 166.906 15.295 85.505 -19,507 102.810 717,545 558.287 178,770 59.526 54,055 286.556 -200 129.672 -25.766 155,458 507,458 787.625 - 7 .570 50,154 56,450 150.144 5.525 7<7, 1086 •=" "".tea 1150.500 1407,165 855,260 104,596 148,918 285,441 54,948 1169.597 1622.886 1010,974 106.792 162.675 506.330 56.115 156.517 -20,226 176,745 246.455 -31.927 278.582 262.712 -65.221 527.953 114,268 1 .867 112.401 -44,409 -8.066 -56.545 -4.597 -15.089 8.492 148.283 -24.465 172.748 : : 3 : : E H 91.564 -50.260 121.624 1115,688 "r.l,n -142 . R.v.i, ,f 1088-588 soe noldln.s * ="»"»• 1" " » U . not . , „ t , E: l l C, 586,552 158.747 -5.785 144.532 15 14 15 11,212 ' N,t "'•27° * -1 5,721 1.582 Domestic Investment flows: "nn"t1:.rC"?6lld,t,e 1088.588 Tot,!. 79,952 178.573 543.651 41.802 all sectors 12 15 14 15 16 17 18 19 _ total Households F*rm business s i ; = L 255.444 -76,856 550.500 S s " " E s s * 26 27 28 -52.745 11.977 -44,720 -46,725 - 5,642 -52.565 57.955 11.172 44.765 54,064 8,740 25.524 -7,864 U.I58 -19.022 54,805 12,752 22,073 42.494 18.660 25.854 77.512 22.994 54.318 29 30 51 52 35 -1.702 5.155 -7.118 261 -14,705 -5.042 -12.151 448 -79.780 -5.527 -74.724 271 -40.517 -452 -60,416 331 -42,494 15.705 -56,552 555 -55.847 5.527 -41.694 520 -20.439 6.949 -27.944 556 -T:: 54 55 56 -511 672 -1.183 -1.015 -519 49* 574 -921 1.495 -152 555 -487 657 408 249 1.124 -351 1.477 3.598 1,025 2.573 57 58 59 -5,543 2.763 -8.306 -9,295 539 -9.834 11.092 4.4*7 4.425 7.434 2.753 4.883 -5,170 2,675 -5.845 2.318 2.422 -104 4.221 1.459 4.542 40 41 42 4,303 4.254 -10.037 9.7:0 -1,399 -2.498 11.984 -4.5SB -3.401 13.095 -5.881 8 -4,427 -4.021 1.894 -7.205 -1.554 : -144 -29.974 -2.507 45 44 3953.997 1S5 *' ,U 3*8%# 4417,481 5057,424 1472 ,#87 159#, 424 Data are in miilleea ## dellart. Ch e/fin in,t corp $her »s 26 27 28 """ " 5:re,:vire;:inrv,rne,nti 29 30 31 32 55 2 : ? purchasesNet Revaluation - :"=— aS. i S ' S - S — ' ' l i 57 58 59 Other adjustments: 5443.774 6591,722 7478.31# 8592,084 1782,792 1990.504 2249.477 2508,170 43 2731.947 Gross National Product 44 October 1989 National Net North Factors Aec.untln, ,.r C « . n „ In National Net North w.tl.n.1 N.t * „ l t l Annual Flows 1987 Domestic Investment flows 5 4 * 755.387 550,352 205*035 5 Net » Net investment flows »v domestic sectors 791,400 622,974 168,426 1000,400 652,188 348,212 1015.325 691.797 323,528 30,835 1065.325 740,668 324,657 -28,350 1120.975 792.050 328.925 -71,844 1205.500 837,223 368,277 -104,195 -132,600 -150.301 -136.179 4 232,428 ferelsn lnvestaent by us 699,925 598,553 101,372 27,393 * wet capital fereetlon 132,207 140,076 276,368 219,333 192,057 178.624 232.098 5 114,471 68,963 183,130 194,678 418,220 224.274 269,696 171.214 6 7 4,833 -528 -3.431 2.665 8 Adjustments for tangible assets: • Revaluations of reproducible • tangible assets 7 • Change in land values A « U 1 to 8il!n^e°ShM? ^ii5 540.894 279,908 64,954 53,487 233.469 168,438 177,248 57.581 0n$UaPtl6n Adjustments to net foreign investment: , + R IJJi"J Uon of U-S. net foreign 7.935 -24 7 -29,833 -220 -20,744 -317 -9.814 -388 .1060,922 10 • Reval. of SDR holdings 11 * Change in natl. net assets -8,390 749 220.582 -17,851 830 520,895 27.743 1.392 500,984 -24,809 9 -99 10 390,293 553,372 853.684 645.435 11 Change in consolidated national net worth: 12 Total, all sectors 1040,922 220.582 520,895 500,984 1154,560 1311,414 750,001 -15,020 237.749 329,786 8 898 390,293 386.966 563,383 460,731 -47,119 14,721 119.234 15,816 553,372 750,336 1080,687 922,031 -15,315 62,965 86,504 24,502 853.684 729,661 687,262 580.917 -110,252 57.025 98,633 60,939 602,336 1097,267 1050.270 -87.244 40.891 52.826 40.524 224,282 -48.360 272.642 828,253 1183.075 1056.396 -42,663 71,033 47,888 50,421 -27,772 -91,382 63,610 49,596 -79.634 129.230 1064,862 1083.616 840.270 23.747 85.223 114.936 19.440 -43,869 -86,518 42.649 -38.405 -89.161 50.756 -60,094 -41,429 -18.665 34.378 -47,205 81,583 122,006 -18,301 140,307 149.655 -23.485 173.140 107.766 -95.225 202.991 -46 -77.320 77.274 53 153 20 *3 3*2 21 144.515 22 361.868 -102.796 464.664 -7,334 28.052 -35.386 164,489 -125.024 289.513 82.183 27.427 54.756 -130.471 -97.914 -32.557 131.100 48.336 82.764 104.172 23 -115.771 24 221.943 25 1.516 13.270 -11.754 171.46# 34.175 137.293 155.955 39.379 116.576 41.459 25.063 16.396 133.991 26 -976 27 134.967 28 -86.180 -152.997 -4.755 -149.549 1.307 -184.714 3.961 -189.542 867 -176.410 7.309 -184.5#* 867 -19#.406 14.35* -211.31* -1.443 -220.137 7.964 -227.668 -433 -203.836 -8.055 -196.139 358 1.208 7.296 3.683 3.613 .153 944 209 12.2*9 3.*#9 8.5#0 10.71# 1.153 9.565 4.655 -2.130 6.785 8.068 34 908 35 7.160 36 3.318 8.570 20.07# 5.9#1 14.0*7 -1.2## -i.#o* -524 2*.IS* 4.32* 24.907 42.**7 17.16* 25.7*1 -8.810 6.777 15.587 25.006 37 -476 3# 25.482 39 -19.88* 75 15.223 -18.005 -5.325 -17.082 * 53# -5.400 7.##S -57.714 4.*88 17.4## -18.908 1.775 -10.*27 -13.353 4.825 -37.78# 27.743 9.650 40 -29,708 41 -34.257 42 IS741.I1* 10962.09# 11482.9*3 11*#3,*77 12374.278 12*27.*42 3802.*32 3165.950 13781.32* 3405.800 1442*.7*1 43 3772.208 4014.*2# 4231.*58 4524.275 4888.*00 44 u v.;::; 15 Households 16 17 18 19 Farm business Nonferm noncorp. business Nonfinanclal corporations Private flnan. Institutions 20 - Change in eq.ln noncorp.bus. 21 Proprietors' net Invest. 22 Revaluation of equity 23 24 25 Change In MM corp. equities Net purchases Revaluation li ~ 27 28 29 30 31 32 33 54 35 36 Ch n e/f ' ' l«*l"st.corp.shares Net purchases Reveluatlon Change in net flnan. assets ef Public sectors Stete • local governments U.S. government Sponsored credit egencles Monetary euthorlty -9.266 -77.412 498 • Change in foreign equities held by U.S. residents Net purchases Revaluation - Change In U.S. equities 37 held by ferelsners 38 Net purchases 3* Revaluation -1.80* 213 1.370 -162 -17# 4.829 -§•88? 11.88# -2,01* iiSS lE'Other adjustments* 43 National net at year end 44 Gross Netlemel Dete are in el111ems ef tellers* -S.2H St.its 645.435 12 921.749 1215.065 1044.243 41.263 10.565 88.834 30.1*0 -205.061 -17.344 -188.845 1.128 - 13 14 15 16 17 18 19 29 30 31 32 33 Q<tooer I U,S ' N e t foreign Assets Factors Accounting „ Annual Flows r Ch.n„ ln ^ U.S. Not For,i,„ • ts 41 1950 1 2 1.297 1.335 38 -164 1.743 5 1.133 1955 -2,249 1,2*4 3.533 4 Annual Flows -50* 5 6 -218 7 9 20 206 -21 12 13 14 415 1,075 15 17 1,088 1.742 621 1.532 1.378 370 450 80 169 169 21 -339 22 25 0,t 1 .441 68 7 14.288 ' ' ' -16 -16 ln 1.043 15,231 •"lion, „ ooll,r,. aisrs-sras • ««-» •.. . SWl « «.«.»•* , d ) 398 571 173 1.194 1.321 127 941 1.764 823 !»' :; 246 443 197 18 19 20 " 3 66 1.604 98 154 56 26 40 467 660 lb 1.161 432 435 185 11 , 1956 1.443 I ,417 443 467 24 -236 -18 8 1,553 1.231 -20 -20 -1345 -501 14,730 36 36 588 1.274 16.004 -95 -95 1.203 1.206 17.210 -182 -182 -509 856 16.354 S " S s £ s 5 T - - - i -141 -141 823 788 I '"° * 12SS * 0tn,r Ch ro.,l„, t l e n , "" 2i „ 17,142 - 0 , 3 9 7 Net f o r e i g n a s s e t s o u t s t a n d i n g 23 October 19*9 U.S. Net Foreign Assets 4 2 Annual Flows Feeter* Aeeountlns #er Clunj. u , M_t p.... F,r,, . » " *«•«« ***ts Annuel Flows 1958 1 U.S. net foreign Investment i - a y j : : : : & : : : < • U.S.net seles e# H i d 1 SDfts 5 » U.S.net fgn.Investment, edl. • 4.569 4.857 288 1959 .o 12 13 14 T.illVX: -Net purchases 'or,1'n,ri Re.val. of U.S.dlr.inv.ebroed Change in velue -Direct Investment 15 - Revel.of fgn.dlr.lnv.ln U.S. 16 Change In value 17 -Direct Investment . . 19 20 4 < » • Change in value -Net Increase In fgn. H a b . 21 • Other reveluetions 22 . Chenge in U.S.net fgn assets Memo: 25 Net foreign essets outstanding Data are in millions of dollars. 2,855 6.247 5.414 2.261 5.062 2.801 4.055 7.601 5,548 1964 -1 ,878 2.755 4.651 -799 2.275 1.075 1.705 5.770 857 2.651 -805 461 5.508 125 5.690 5.151 4.514 6.042 5 6 7 8 550 862 552 -1.017 -870 147 2 .268 2 .214 -54 ' 447 2.889 2.442 1.805 5.695 5.890 5.917 9.588 5,671 599 594 195 -568 295 665 156 918 762 -1.157 -188 969 -674 451 1,105 555 125 678 707 .058 351 -264 -61 205 2.185 2.506 525 834 2, ,015 1. .181 -1.581 -1.472 109 1 .046 2 .418 1 ,572 1.924 2.149 225 -902 2.058 2.940 1.550 10 -292 11 96 251 155 198 2.852 2.654 507 405 98 -292 2.559 2.851 251 489 258 -25 5.460 5.485 9 506 515 -15 12 5.744 15 5.759 14 171 482 511 -126 220 546 101 552 251 97 15 419 16 522 17 567 567 -17 -17 59 59 -442 -442 1 251 250 2 -645 -645 1 84 85 18 -46 19 -46 20 - Revaluation of U.S. corporete 11 1962 556 5.841 5.485 -*« - 5 .T::,, 1 ;.::, 1 " 19*1 -254 -505 1 472 691 4.477 1.117 541 -515 -655 2.985 2.000 21 2,582 5.752 1,159 5.755 22 28.659 51.041 54.795 55.951 41,666 25 24.874 25.991 25.676 October 1999 U.S. Net Foreign Assets 3 4,971 7.237 2.266 1967 1968 1969 3,661 7,204 $.545 2.375 10.318 7.943 1.051 9.825 8.774 -1.121 1970 2.978 7.830 4.852 9.294 10.415 1971 1.665 571 1.170 1.173 5 -967 6.636 -64 4,232 617 3.545 2.224 -2.088 2.914 -9.831 -1 .456 -380 1 .076 1.113 -249 448 697 2.766 3.602 836 -203 6.565 6.768 -338 6.119 6.457 9 -981 -::2 759 -1 .444 -724 720 -394 914 1.308 1.569 - 1 .048 501 1,549 355 1.214 10 11 1.164 764 -400 -1.651 -1.956 -305 12.170 12,868 698 1,909 4.006 2.097 -4,321 -2.756 1.565 12 13 14 -17 4.803 4.820 -3.101 1.724 4.825 -38 4,322 4.360 53 3.218 3.165 226 5.157 4.931 15 16 17 20 434 414 -169 257 426 18 3 443 440 2 20 21 446 22 4.903 19 I 84 892 808 -260 1.003 1.263 -12 1.452 1.464 276 644 368 10 75 287 -1.699 212 4 -2.541 -2.545 3.551 995 1.344 965 -838 -3.001 5.060 -8.232 1.283 2.711 682 -16.274 47.391 48.073 31.799 Data are in millions of dollars. 1.118 43.397 44.680 4 5 -45 2.053 2.043 1 -156 • U.S.net sales of gold ft SDRs -7,120 a U.S.net fgn.investment, adj. 1.068 1.117 3 51,629 171 869 698 , 1972 -10.498 11.539 22.037 4 6 7 8 43 Annuel Flows 1966 1 2 U.S. Net Foreign Assets Factors Accounting for Change In U.S. Net Foreign Assets Annuel Flows 33 -1.732 *19 -Net purchases 2,434 -Net purchases 5.744 *54 *4* @ n "*Change^ln*value * l n v , # b r o , d || -Direct investment 14 **ChaAgI I n n v 2 l u i l f W ' l n -Direct investment U 'S* \ \ 17 • Revaluation of U.S. official fgn. -159 -152 'chi^z'ii c i i u ^ p o s i t i o n } ® -Net increase In fgn. l l a b . 20 1.581 • Other revaluations 21 -9,718 • Change in U.S.net fgn.assets 22 Memo: 22,081 Net foreign assets outstanding 23 October 1989 U.S. Net Foreign Assets 44 F.ctort AccountlM for Ch.n s . i s Ss «s a 1975 4,485 1*952 12.467 5 * U.S.net fgn.lmw#t**nt, edj. Fer,1 » " *»«•«« Annuel Flows 1973 -7.49* 18.153 25,651 9 4,494 -7.670 1976 24.031 28.821 4.790 14.752 40.196 25.444 -16.536 24.075 40.611 23.965 14.674 -487 -132 355 1977 1978 1979 1980 -2.470 57.997 60,467 25.896 56.435 30.539 -239 -172 « • U.S.net sales *f §»ld « SDKs °' S ' „.s. N.t F.r.i.n a 31.232 55.319 24.087 1.184 -1.201 -16.775 -16 -1.286 24,695 31.216 249 657 408 1.477 1.126 -351 2.573 3.598 1.025 1.966 4.332 2,366 -1.183 -511 672 -496 -1.015 -519 -8,306 -5,543 2.763 -9.834 -9.295 539 6.425 11.092 4.667 4.883 7.636 2.753 Cnin9efln,!ii^*lnV*abro,d -Direct Investment 82 10.212 10.130 -5.845 -3.170 2.675 -287 8.64 9 8.936 -104 2.318 2.422 2.888 810 12,443 11.633 -2.709 8.799 11.508 10.894 9 16.251 10 5.357 H 15 - Revel.of fgn.dlr.lnv.ln U.S. 1® Change In velue 17 -Direct Investment -272 13.776 14.048 4.562 6.221 1.659 -173 4.588 4.761 286 16.379 16.093 -85 2.518 2.603 -346 26.479 26.825 -1.238 3.108 4.346 6.671 12 30.227 13 23.556 14 97 3.825 3.728 -20 7.876 7.896 115 11.991 11.876 28.584 16 16.918 17 1.297 1.295 -348 435 783 -18 2.462 2,480 79 215 136 452 452 -293 -361 -68 -212 18 7.926 19 8.138 20 Change in value -Net purchases ' 8 - Ravaluatton of U.S. corporate 10 11 13 14 "changXln'vZlue -Net purchases f0Pei9ner$ R# 5.688 2.800 i:' w - a ? » » - -• -146 20 ~ N t t increase in f s n . liab. 21 • Other revaluations 22 s Change In U.S.net fgn.assets Memo: 23 Net foreign essets outstanding -149 1 .401 10.215 32.296 1 .495 5 74 -921 11,666 6 7 8 15 8.966 251 -745 -531 10.522 1.444 18.751 -1.4 94 10.589 -9.943 21 -13.939 2.045 20.458 7.158 22 72.158 58.219 60.264 80.722 87.860 23 42.818 61.569 Octooer U.S. Net Foreign Assets Fectors Accounting for Change in U.S. Annuel Flows m i im 27.3*5 44.805 17.412 50.83$ 2*.7*1 -1.074 . 4 5 Annual Flows 1983 1987 -28.350 25.641 53.991 -71.844 13.289 85.133 -104.195 4.555 108. 750 -132.600 27.987 160.587 -150.301 21.687 171.988 4 -1.723 -1.572 45 -979 5 25.670 -897 2$.4*3 -246 -28.415 -510 -72.823 -105.092 -132.846 -150.811 6 7 8 -2,019 -1 .806 213 -162 1,208 1.370 3.613 7.296 3.683 209 1.153 944 8.580 12,269 3.689 9.565 10.718 1,153 6,785 4.655 -2.130 9 10 11 -5.007 -178 4.829 8,570 11.888 3,318 14.097 20.078 5.981 -524 -1,809 -1,285 12 13 14 24.807 29.136 4.329 3.774 16.359 12.585 -21.673 -11,479 10 . 1 94 25,791 42,957 17.166 -8.810 6.777 15.587 -7.2:5 2,587 9,822 -7.226 6.007 13.233 15 16 17 6.046 15,730 9,684 472 25.668 25,196 12.294 24.682 12.388 2.171 15.963 13.792 11.243 44.335 33.092 435 12.382 11.947 2.163 27.522 25.359 1,010 20,032 19.022 1,708 35.799 34.091 4.482 51,376 46.894 18 19 20 -1,510 1,843 3.353 -861 2.731 3.592 -1.0*9 41 1.130 -1,555 596 2.151 3.651 6.611 21 2,960 3.155 4.809 4.250 -559 3.604 5,038 -4.621 -9.659 -1.501 397 22 -850 33.605 -17.020 349 -113.482 -150.697 -123.068 -124.183 -274.880 -397.948 121.465 D< -370 121.095 U.S. Net Forel sn Assets Net Foreign Assets -49.159 71.936 -82.637 -10.701 '^Trrs i HaSsJs 473 • U.S.net sales of gold t SDKs 4 -135.706 « U.S.net fgn.investment, adj. 5 908 g -Net purchases 1 iii• "EliEi™;--* s -476 -Net purchases i S r - a s t f £ : » i 4.041 -Net increase in fgn. H a b . 20 -7.728 • Other revaluations 21 -160.515 - Change in U.S.net fgn.assets 22 Memo: -558.463 Net foreign assets outstanding 23 October 19*9 Tangible Asset Holdings 46 Tangible Asset Holdings Detslls of Chsnges in Stocks of Tangible Assets Annuel Flows Annual Flows 194$ 19 Net foreign Investment Net financial investment: Private sectors Households Farm business Nonferm noncorp. business Nonfinanclal corp. bus. Private flnan. lnsts. 31 87.600 51.646 1.445 7.842 25.998 669 39,458 19.848 2.305 4.999 12.023 285 45,665 25,159 2,671 5,695 15,835 325 8*1** 51.995 2.442 7.812 23,219 *98 49.708 25.582 2.925 6.009 14.840 552 108,5*1 *5.418 2.551 9 52* 52.405 895 53,341 27.777 3,082 6,255 15.852 575 46.591 27.915 3.004 3.559 11.948 167 57.591 30.763 3,192 6,462 16,765 409 44.679 24,360 5,107 385 16,655 174 60.650 52.353 3,500 6.778 17,785 454 53.074 21.197 646 451 10.701 79 54.259 25.869 -1.657 1.587 10.146 294 *7.517 7 56.142 8 5,485 9 7.355 10 20,052 11 505 12 28,575 21,232 -750 1,350 6,454 289 47.941 51,065 -949 2,748 14.618 459 43.347 26.505 -181 -172 17.027 368 Public sectors State • loeel severneents U.S. government Sponsored credit eeeeclss Monetery au tiler Ity Data are in millions of eellsrs. 15 14 15 16 17 18 -2,249 656 522 -1.728 -260 -912 10,596 -5,108 -385 -8,772 757 26 12.057 14.708 -677 -451 -5.187 1.644 8.06* -5.681 -254 -3,494 15 54 10.49* 1.58* -1.587 -5.955 1.504 4,262 -3.019 7,270 26 -15 7,801 6,141 737 -1,350 -537 2.810 4,575 -1.124 5.448 21 50 -2.141 5.075 916 -2.748 T*.920 1.558 -10.547 -5.505 -4.919 51 44 2.816 12.204 158 172 -11.128 1.450 20 21 22 25 24 25 -11.242 -3.490 -7.810 17 41 1,904 -9.244 -3,829 -5,466 14 37 -2,807 747 -5.240 3.957 18 52 -1.568 1,005 -2.977 5.916 15 55 26 27 28 29 50 1,445 1,183 1.420 45,404 15.817 6.514 6.380 9.564 -4.965 164 52.955 12.846 2.795 6.807 9.045 -1.199 245 6,060 3,106 -565 1,110 3,340 1,000 6* 961 5.69* 2.811 -4.965 -585 2.052 -2.0*8 1,087 185 1,878 -1,000 -30 45.404 11.609 12.865 12,25* 6,691 2,657 -25* 564 788 1.276 -300 -32 32,955 12,265 15,564 2,447 4.861 20.998 2.987 1.211 4.255 10.584 -1.750 215 6.0*0 5 *5 5.118 -5,8*2 8** 55,1*6 8,544 1.552 <•419 15.85* -2.*75 5*0 52 55 54 55 5* 57 58 2.052 7*8 1.917 *35 -1.2** 4.201 2.057 -1.7** 2.007 1. *45 15 2.657 4.25* 1.952 -**5 -2.876 21.757 4.010 11.914 2.847 2.955 55 18.00* 5.857 7.859 2.858 5.58* 6* 20.998 8.151 15.706 1.576 -2 .435 8,5*5 2.75* 481 2.541 2.99* 55 55.1** 4,878 20,55* 4,151 5,781 5* 40 41 42 45 7.*84 2.540 -1.38* 2.4*7 5.*#7 7* 15.145 5.478 5.225 5.010 5.50* 124 17 .214 4 .514 4 .562 5 .345 4 .642 151 1*5 105 -501 2 19# 112 -311 2 -1 5 200 118 -520 -1 -1 206 125 551 -1 -1 170 81 -252 17* 87 -262 -1 -2 18* *8 -28* ,nv t ant, 63 64 65 66 67 110.864 62.447 5.504 7.185 57,059 871 -8,415 5,848 -2,971 -3.559 -7.675 1,740 50 Adj. to capital consumption 51 Households 52 Fsrm business 53 Nonferm noncorp. business 54 Nonfinanclal corp. business 55 Private flnan. lnsts. 62 1956 961 1.172 -1.651 1.416 1.929 1,856 -49 44 Chenge In land values 45 Households 46 Farm business 47 Nonferm noncorp. business 48 Nonfinanclal corp. business 49 Private flnan. lnsts. Private sectors Households Farm business Nonferm noncorp. iuslnass Nonfinanclal carp, buslnas Private flnan. Institution 1*55 1.297 Unallocated financial flows 39 Revaluations by type of asset 40 Residential structures 41 Plant and equipment 42 Inventories 43 Consumer durebles 61 82.782 46,779 3.571 6.460 25.541 431 1,957 Public sectors State 8 local governments U.S. government Sponsored credit agencies Monetary authority 52 Revel, of physleel assets 33 Households 34 Ferm business 35 Nonfsrm noncorp. business 36 Nonfinenclel corp. bus. 37 - Inventory valuation adj. 58 Private flnan. lnsts. 56 57 58 59 60 90.542 47.499 5.778 6,080 50.486 499 5.021 454 -1 .570 170 5.067 900 20 21 22 23 24 25 26 27 28 29 30 195$ 85.849 47.761 5.309 8.358 23.971 450 25,408 20,201 1.595 -170 3,662 122 1$ Net capital formation 14 Households 15 Ferm business 16 Nonferm noncorp. business 17 Nonfinanclal corp. bus. 18 Private flnan. lnsts. 1952 36.115 17.855 2.069 4.716 11.204 271 7 Capital consumption Households Farm business Nonfarm noncorp. business Nonfinanclal corp. bus. Private flnan. lnsts. 1951 61.521 38.054 3.662 4.546 14.866 395 1 Purchases of physical assets 2 Households 5 Fere business J Nonferm noncorp. Business 5 Honfinenclel car#. Bus. * Private flnan. lasts. 1950 " 40,8*1 64.542 - -1.525 19 -5.144 51 28.977 44 9.175 45 6,92* 4* 5.295 47 ' 7,582 48 203 49 214 159 52 -1 - 50 51 52 53 54 55 1.2*1 81 .*** 77 .454 51 .*0* 2 ,55# 4 .99* 16, ,2*# 2, 1*0 *5 .805 8* .450 58 .0*5 2 ,*70 5 *5 21, 714 1,25* 84.472 94.81* *1.487 2.8*4 *.00* 22,554 2,075 85.872 ***** *2.141 5.051 * 25* 22.0*5 2,175 85.*0* *5.**7 58.15* 5.17* *4*2 22.*82 5.50# 4. 575 -1. 124 5.448 21 50 109.541 115,*80 74.651 5.442 7,355 25,931 2.501 5* 57 58 59 60 61 62 -2X4 -1.4*4 11 *4 4,2*2 -3. 01* 7.270 26 -15 108. 617 106,450 *8.4*1 5.267 6. 778 25.485 2.451 -10,547 -5.505 -11.242 -5.4*0 -7.810 17 41 -*.244 -5.82* -5.4** 14 57 747 -3,240 5.*57 18 52 1.005 -2.977 5.916 15 55 65 64 65 66 67 s.o ese 2.092 4,718 17.*51 -4.*1 * 51 44 October i*@* Tengioi* Asset Holdings D,tm Annual Flows T * " «"«bl. «„.t M o l „ln„ Annuel Flows 110.74] 62,090 2,50# 9.549 35.6 78 100.473 59,154 122,980 69.394 121,645 69.359 3,548 10.086 10.890 27.765 119,017 134,670 72,481 144.90S 79.017 11,667 36.451 1,043 13.274 43.380 15.332 44.694 1 *225 1,097 72,918 38,934 3,599 76.260 40,980 79,780 43.078 24.413 18,174 -1,091 1.765 13,630 4,706 8,864 26,827 39.059 24,768 33.817 19,881 46,871 4,410 16,553 6,177 16,692 2,261 <3,200 8.635 25,88 10,569 23,059 37.823 82,586 44.591 3.740 8,469 25,134 5.220 17.356 15"255 EheF ;e::: ! e r * fulness 4,053 11*655 18,318 «:gf 85.200 1.617 13,731 91 2 8 0 49.522 3.807 47.620 8,002 53,625 9,495 6.35? business -1,878 7.854 14,908 1,040 16,911 1.001 2.300 16,527 5,508 11.113 1.528 3,596 10.543 6.026 5,331 12,653 12,269 17,026 1.617 4,410 4.940 3.094 5 858 4,168 ••--TS-s-ss-. 12,252 23,449 -102 6,357 -7,006 2,268 20 21 22 23 24 25 Households Farm business 1.794 2.79] 8,614 -3,888 2,858 1,459 6,571 1,525 2.977 1,413 1,740 8,614 1.224 2,416 1.518 21,037 23,287 3,865 3,154 7,551 1,056 1.524 1.549 1.596 1,884 1,091 -7,506 -1,320 20.330 3.590 21,842 10.114 1.520 4 895 flewi -3.116 19,318 13.73$ 5,651 3,663 32 33 34 35 34 37 38 -1,853 1.657 1.549 1,042 Un.lloc.t.d f l M K l u 5,974 3,SU 16.434 31E?~I I'll] ChH^iehiiiind veiues :iil? 115,56# 118.595 101.J45 117.872 76.04$ 3,427 119.30# 126.576 79.917 125.191 126.974 24.99$ 31.#4# 3.70$ • *449 29.120 *670 121,934 131,286 83.171 3,70$ 8 43$ 31,804 3,949 -t -3.027 -H.$27 -s.m ii.iu " ' * * in M " 1 . M H Ml,,, •2.012 144.147 150.121 96.J7J 3.490 9,1$$ 3#.#14 071 5.052 7,714 138.41# 146.32$ 90.791 3.741 8 #44 3#,440 4.441 2.54$ 1.507 3.793 ."••-'l'1 Fl:w lit.725 Private sectors 10#.$04 Heustheids S.##l Far* business 9.$49 <2.414 4,111 44 45 46 47 48 49 ii nt 56 57 58 59 60 *• October 1989 Tangible Asset Holdings 48 Tangible Asset Holdings Btttu* of cn.nj.j in Steeks of TinjibW A.s.t, Annual Flows Annual Flows 1945 1 Purchases of physical aasats Households Farm business Nonfarm noncorp. business Nonflnanclal corp. bus. 6 ^ v a t e flnan. Inets. 2 3 4 5 7 Capital consumption Households Firm business Nonfarm noncorp. business Nonfinanci al corp. bus. Private flnan. lnsts. 9 10 11 12 13 Net capital formation 14 Households 15 Farm Business 16 Nonfarm noncorp. business 17 Nonflnanclal corp. ous. 18 Private flnan. lnsts. 19 22 23 24 25 Net foreign Investment Net financial Investment: Private sectors Households Farm business Nonfarm noncorp. business Nonflnanclal corp. ous. Private flnan. lnsts. 26 27 28 29 30 Public sectors State 8 local governments U.S. government Sponsored credit agencies Monetary authority 179.610 92,321 6,458 17.351 61,274 2,206 197.155 97.456 5.897 16,254 75.453 2.115 196.514 98.269 7.046 17.245 71.455 2.5:5 218,006 115.974 6.551 18.622 75.689 5.570 100.628 54,042 4.046 10.101 31.459 980 259,444 121,503 6.780 22,901 84.701 5.559 107.489 56.961 4.288 10.850 34.281 1.109 254.465 119.405 7.587 23.695 80.446 3.532 116.768 61.775 4.552 11.614 37.556 1.273 270,070 140,873 9,141 30,169 85,646 4,241 127.999 67.619 4.852 12.585 41.448 1 .497 89.646 40.475 1.609 5.404 41.152 1,006 154.577 82.519 5.651 14.971 49.857 1,799 79.546 36.496 2.494 5.629 33.877 . 1,050 169.583 90,201 5.942 16.426 54.785 2.051 184,549 97.577 6.605 17.989 78.982 38.279 2.412 7.250 29.815 1.226 141.450 75.525 5.251 15.851 45.599 1.644 313.207 164,170 9.276 39.159 95.857 4,785 90.007 46.555 1 ,499 6.059 34.241 1.873 97.994 46.178 1.529 9.070 59.502 1,915 79,888 57.086 1.756 8.724 30.589 1.733 100,687 50,672 5,199 15,745 50.865 2,210 128.858 66.795 2,671 21,150 35.726 2.518 60.111 2.267 12 15 14 15 16 17 18 4.971 3,661 2,575 1,051 -1.121 7.152 27.594 -2.366 -7.250 -11.780 1,154 2,978 10.952 35.944 -1 527 -5.404 -18.964 885 -10,4 98 21.519 42,506 -2,455 -5.629 -14.257 1,152 9,654 33.055 -1,456 -6,059 -17.462 1.556 -5.567 27.628 -1,468 -9.070 -19.110 -5.547 -3.041 -2.453 -669 55 26 -5.425 -3.856 -1.651 46 18 16,575 52,501 -1,749 -8,724 -20,500 -5.356 -18.655 -4.908 -15.795 42 28 17.021 48,954 -3,184 -13,745 -16,062 1.056 -15.648 -4.055 -9.651 15 21 8,217 51,946 -2.499 -21.150 -16.950 -3.150 20 21 22 25 24 25 860 -986 -7.508 6.247 55 40 -1,848 -21,83* -8.925 -12,954 17 21 -511 -32,106 -8,678 -25,469 95 54 5.045 -16.899 1,815 -18,961 146 101 26 27 28 29 50 5.452 8,444 4,587 32 Revel. of physical assets 33 Households 34 Farm business 35 Nonfarm noncorp. business 36 Nonflnanclal corp. bus. 11 ' I""*ntory valuation adj. 38 Private flnan. lnsts. 11.915 -3.615 3.571 3.294 7,028 -1.245 390 45,466 17.797 1.660 9.806 15.575 -2,107 721 39 Revaluations by type of asset Residential structures Plant and equipment Inventories Consumer durables 56.010 14,025 1,272 5.098 15.564 -1.554 697 95 .572 45 .457 4 ,780 17 , 149 25 .410 -5 ,651 945 11,915 4,502 11,495 3,760 -7.842 91.792 36,179 6.579 15,473 27.019 -5,870 672 45,466 24.842 19,421 1,941 -738 77.587 27.030 2.123 11,310 29.349 -6,552 1,023 111.737 45.790 7.404 19.682 55,047 -4,584 1,250 36,010 13,199 17,394 1,955 3,464 95 .372 50 563 54 259 6 470 4, >090 116.625 47,751 15.695 17.890 30.0*0 -6.610 621 32 35 34 55 36 37 39 91,792 41,964 35,66# 10.870 3.2*0 22,907 4,825 10.633 3,96# 1.251 232 77.597 20.512 43.490 4,797 8.799 40.466 20,096 8,100 8.443 3,654 175 111,737 55,706 50.757 9,725 -4,451 17,411 5.435 9.52* 2,252 234 -3* 4. 093 13. 134 14,046 4,959 26 121 116,625 61,492 41,660 17,512 -3,839 39 40 41 42 43 44,824 12,09* 23,225 5.624 3,656 220 -2 30# 227 -557 1 -1 18.950 7,459 4,631 4,059 2.649 155 38,587 16,5*4 11,919 6,912 2,979 183 70,951 19.694 23.904 18.766 8,399 188 44 45 46 47 49 49 337 245 585 -4 3*5 -1 444 520 765 469 349 -917 -2 505 375 -990 548 421 -967 -2 - 50 51 52 55 54 55 252.8*1 255.921 14*.151 5.512 15,851 65.655 12 228,*** 251,167 171,904 5 65* 14,971 60,475 -1,824 254.995 287.809 189,827 5.957 16,426 70,301 5.2*7 304.525 322.336 216.116 6.777 17.989 79.819 1.655 56 57 58 59 60 61 62 -1.050 -7.50# 4.205 55 40 -22,14# -8.*25 -15.295 17 21 -32,825 -8.678 -24,184 95 -54 -17,811 1,815 -19,873 146 101 63 64 65 66 67 20 21 31 Unallocated financial flows 40 41 42 43 44 Change in land values 45 Households 46 Farm business 47 Nonfarm noncorp. business 48 Nonflnanclal corp. business 49 Private flnan. lnsts. 50 Adj. to capital consumption 51 Households 52 Farm business 53 Nonferm noncorp. business 54 Nonflnanclal corp. business 55 Private flnan. lnsts. 1 t i 62 63 64 65 66 67 Public sectors State I lecol f o r wonts U.S. government S p o n s o r e d c r e t l t 8#tn«les Monetary a u t h o r i t y 61 Ooto o r e In e l l l i e e e e# t e l l e r s . -1 -2 361 26$ 62* 1 - 694 -1 - c Flow i r : . basis of Funds Private sectors Households Farm business Nonfarm noncorp. business Nonflnanclal carp, buslnes Private flnen. institution 56 57 5# 59 60 -2 185.721 186,762 11*.71* 4,0*2 10.101 49.4*4 5.548 -1.041 -2,411 44* S« 24 202,444 208,047 133.390 4,370 10.850 56,46* 214,012 228.*90 14 7,02* 2,**# 1*9,000 217.655 140,775 4.5*5 11,614 57,176 3,475 -5.425 -3.854 -1.651 46 18 -18.655 -4,90# -15,7*5 42 2# -14,97# 4 05* -10.981 4,8*9 12,585 59.557 4.924 IS 21 -6,964 19 1.719 31 October 1989 Tangible Asset Holdings Tangible Asset Holdings Details of Changes In Stocks of Tangible Assets 49 Annuel Flows Annuel Flows 1973 1 2 5 1975 1978 6 565,507 185,594 14,082 42.492 117,524 6,011 3*4.41* 110.39* 11.211 32.931 132.142 7.21* 354.920 193.874 14.904 25.409 110.344 8.185 439,142 237.517 13.570 27.350 152.302 8,403 528.552 284,225 19,088 39,282 176.719 9.238 7 8 9 10 11 12 622,423 327,703 20,870 47.344 215.201 11,283 201 .554 106.567 7.228 19.965 65:23 2,571 673.799 356,068 26,235 44,312 233,830 13,354 231.553 120.828 8.308 22.677 76.301 3,219 248.788 137.104 9,789 24,107 91 .878 3,908 297,791 151.657 10,771 28.514 102,301 4,548 656.250 Purcheses of physical assets 542,694 Households 14,138 Far* business 46,594 Nonfarm noncorp. business 238,186 Honflnenclal corp. bus. 14,638 Private flnen. lnsts. 332,704 169,015 12.099 31,945 114,321 5,324 376,700 190,344 13,557 36,564 129.844 6,391 15 14 15 16 17 18 161,955 76.829 6,854 22.527 52,305 3,440 430,714 215,204 15,343 42.935 149,609 7,623 133,283 59,568 2,905 10,254 56,561 3,997 84.132 54,770 7,115 -498 18,468 4,277 141,351 85.860 2.799 -1,164 50.001 3.855 491,212 Capital consumption 243.638 Households 17.591 Far* business 49,850 Nonfarm noncorp. business 171.262 Honflnenclal corp. bus. 8.871 Private flnan. lnsts. 195,848 115,210 6,989 7,337 62,398 3.914 245,723 137,359 7,313 10.802 85,357 4,892 24 5.085 140.864 10.892 1.577 84,221 5,751 ^12'23* 99.054 94.rt£& -3,453 -3.254 66.924 5,767 19 4,485 -7,498 24.031 14.752 -16.536 -2.470 20 21 22 25 24 25 25,194 1,690 80.016 -6.255 -22.527 -50.616 1.072 5.889 60.208 -2.481 -10.254 -37,254 -4.130 91.557 101 . 745 -6,568 498 10.387 -14.505 40,979 77.723 -2.355 1 . 164 -17.062 1,509 31,198 74,756 -6.698 -7.337 -31 ,030 1.507 37,936 60,549 -6,411 -10,802 -22,023 16.623 26 27 28 29 30 72,545 42.425 -9,977 -1.577 5,451 17,445 -1,461 5,155 -7,009 261 152 - 11 . 988 -3.042 -9.544 468 150 -59.322 -432 -59.269 331 48 -43,307 12, 159 -56,044 355 223 -33,201 5,327 -39,728 520 680 -14,473 4,949 -24,191 554 220 -1,3** -45.124 -2,294 -43.540 557 175 11.904 13.095 -4,427 -7,205 -29,974 -7.140 capital formation Households Far* business Honfera noncorp. business honfinancial corp. bus. Private flnen. lnsts. 103,518 104,841 5.920 5,254 -24.735 14.234 -79,430 -5.327 -74.610 271 236 Net 51.252 Net foreign Investment Net financial investment: Private sectors Households Farm business Nonfarm noncorp. business Nonflnenclel corp. ous. Private flnan. lnsts. Public sectors State & local governments U.S. government Sponsored credit egencles Monetary authority Unallocated financial flows 1 9 5 4 5 $ 7 3 9 10 U 12 13 14 15 14 17 18 20 21 22 25 24 25 24 27 28 29 50 51 52 53 34 35 „ 36 37 38 220 ,722 86 ,209 24 ,697 30 ,604 57 .550 -20 .022 1 ,460 428 .321 145 .218 14 ,828 53 .021 170 .415 -59 .457 5 .175 220.592 78,199 5,662 29.771 95.094 -10,952 912 257.879 110,877 7.492 44,907 75,080 -14.911 2,412 558 ,044 164 ,050 10 ,949 65 ,559 97 ,052 -16 .457 5 .777 545 .454 220 .444 55 .290 94 ,815 142 .122 25 .298 7 .449 39 43 41 42 45 520.051 184.774 18.034 122.083 147.990 -45.175 4.002 220 ,722 100 .478 68 ,200 47 454 4, .401 421 .521 120 .443 201 .143 55 255 43, 710 220.592 74.400 109.914 11.139 23.139 411457 188.950 Households 51,021 Ferm business 152,055 Nonfarm noncorp. business 209,115 Nonflnenclel corp. bus. -45.129 • Inventory valuation edj. 7.209 Private flnen. lnsts. 257,879 127,805 97.493 18.454 14.145 358 .044 190 .249 127 .227 21 .150 19 .451 52 55 54 55 34 37 38 545 .434 255 .740 221 .773 55 .921 54 .182 44 45 46 47 48 49 520.051 235.073 140,521 75,424 50.131 128. 844 35. 954 54. 431 25, 841 12, 407 251 111,.074 31, 742 29. 412 24, 233 22.191 501 94.432 18,844 44.328 23.438 4.125 -325 411.437 (evaluations by type of asset 214.591 Residential structures 259.484 Plant and equipment 72.804 Inventories 42,758 Consumer durables 174.471 57,457 70.999 53,957 15.952 144 207 .437 82 .172 45 554 57, .013 22..453 245 59 40 41 42 45 294 .510 ICS 59* 80, .824 75, ,221 33 929 733 50 51 52 53 54 55 529,411 103,709 101,471 91,947 32,031 53 -3 418 447 -1. 017 505.100 82.159 48,591 102,877 50,710 745 -1 341 549 911 'hang# in land values Households Farm business Nonfarm noncorp. business Nonflnenclel corp. business Private flnen. lnsts. -1 423 472 -1.093 -5 473 748 -1.243 44 45 44 47 48 49 -1 541 891 -1. 440 1 -1 -1 444 1, 027 -1. 473 1 -2 775 1.193 -1,947 -1 -1 909 1.399 -2.301 -1 kdJ. to cepltel consumption Households Ferm business Nonfarm noncorp. business Nonflnenclel corp. business Private flnen. lnsts. 50 51 52 55 55 54 55 54 57 5# St 40 41 42 543.734 348.34$ 243.412 7.827 19.945 70.071 7,0#5 43 44 45 44 47 4 42* 5.155 -10.177 2*1 1X2 -1 -2 - -1 -1 358.517 374.99$ 240.404 8.530 22.477 102.09® 3.084 3*7.047 447.880 29$.*21 10.33* 2*.107 440.799 504.094 315.240 11.215 21.514 139.213 9.912 51*. 443 542. 220 551. 981 12. 390 51. 945 141. 159 10. 745 427, 151 662. 332 311. 252 14.459 54. 544 195. 151 27. 90* 729.471 750.119 411.*95 I*.25# 42.935 242.20* 30.797 -1#.47# ->•8*2 -U.8S4 441 1SS -00.7$ J -5.527 -71.911 271 254 -43.29$ -432 -*3.242 331 -45. 777 12.159 -51.514 355 223 35. 174 5.327 -41.701 520 410 -21.21# *.949 -2#.945 55* 220 122.0$* -*.120 Oete ere in ml111ems of tellers. - Meeot Totel 494.442 Flow of Funds basis 744.745 Private sectors 447,535 Households 11,05# Farm business 49.150 Nonfarm noncorp. business 211.44# Nonflnenclel corp. buslnes 30.074 Private flnen. Institution -70.125 -2,29* -*#.337 337 173 Public sectors State * local governments U.S. government Sponsored credit egencles Nenetery eutnority 54 57 58 59 40 „4 61 62 &3 64 t5 64 47 October 1999 Tangible Asset Holdings 5Q Tengible Asset Holdings Details of Changes In Stocks of Tangible Assets Annual Flows Annuel Flows 1981 1 Purchases of physical assets 2 Households 5 Pare business *onfarm noncore, business J 5 Nonfinonclol cart-* bus. * Private flnan. lntts. 1982 1985 1984 1985 1986 1987 755 .387 562 .050 24 ,116 71 ,518 281 .052 16 .651 699 ,925 554 ,980 15 .805 65 ,212 247 .940 17 ,988 Capital consumption Households Farm business 10 Nonferm noncoro. business 11 Nonfinenclal corp. bus. 12 Private flnan. lnsts. 791 ,400 456 *525 4 ,146 68 ,454 262 ,090 20 ,185 1000.400 506,184 20,102 81,674 560.004 52,456 1015,525 548,885 7,561 84,241 555,478 59,560 550 ,552 264 >565 19 ,565 57, 559 198, 782 10.485 1065.525 605,777 7,658 88:074 521,640 44,176 598 .555 280 .915 20 .455 65, ,767 221, ,595 12, 025 > 652,188 509,594 22,500 67,585 258,456 14,475 1205,500 698,515 4,001 71,018 577,141 54,825 13 Net capital formation 14 Households 15 Perm business 16 Nonferm noncoro. business 17 Nonfinenclal corp. bus. 18 Private flnen. lnsts. 622 .974 295 .297 22 .400 64 , 181 228, ,196 12, >900 1120,975 645.573 9.899 74.524 545.527 48.052 691,797 552,505 22.000 70.502 250,967 16,025 205, 055 97,687 4, 755 14, 159 82.270 6. 166 740,668 561,699 21,200 75.411 265.885 18,475 101. 572 74.067 -6,650 1.445 26,547 5, 965 168.426 141.228 -18,254 4,275 55.894 7,285 792,050 590.118 20,500 79,888 280,219 21.525 348.212 196,790 -2.398 14,291 121,568 17,961 857,225 412,092 20,556 84,596 295,649 24,550 525,528 216,582 -14.659 15,759 84,511 25,555 524,657 242,078 -15,542 14,665 55,757 25.701 528.925 255,255 -10.601 -5,564 65,108 26.727 368,277 286,425 -16,555 -15,578 81,492 50,275 27,595 50,855 -28,550 -71,844 -104.195 74.588 150,875 -4,550 .-14,159 -40,858 -16,958 -152,600 172.511 189,198 7,147 -1,445 -15,667 8,722 -150,501 176,024 181,268 18,852 -4,275 -11,410 -8.595 104.581 195,895 5,066 -14,291 -55.654 -24.455 81,527 128,683 15,496 -15,759 -21,958 -27,155 -86,190 -9,266 -77,871 498 449 105,952 166,478 14,181 -14,665 -46,511 -15.553 -156.899 -4,755 -155,598 1,107 147 82,296 125,005 11,550 5,564 -27,990 -29,813 -187,292 5,961 -192,627 867 507 86,956 148,745 17.907 15,578 -42.856 -50,218 20 21 22 25 24 25 -184,510 7,509 -193.061 867 575 -205,010 14,556 -214.779 -1,445 -1,144 59,195 -225.605 7,964 -251,252 -455 -1,884 15.225 -194,809 -8.055 -185.287 558 -1,825 -17,082 -195.427 -17,344 -177,808 1.128 597 26 27 28 29 30 7.885 17.488 -10.927 -57,788 -29.708 51 52 Revel, of pnyslcel assets 55 Households 54 Ferm business 55 Nonferm noncorp. business 56 Nonfinenclal corp. bus. 57 - Inventory valuation adj. 58 Private flnan. lnsts. 540 ,894 162 ,094 11 ,553 120 ,074 215 ,761 -24 .189 7 .225 64 ,954 -67 .582 5 ,441 56 .509 77 ,454 -10 ,550 2 ,802 255 469 115 ,552 22 ,820 52 .292 54 .111 -10 ,900 -186 177,248 28,590 4,548 66.966 72,233 -5.800 -889 59 Revaluations by type of asset 40 Residential structures 41 Plant and equipment 42 Inventories 45 Consumer durables 114.471 52.159 -1.546 57,502 52.758 -1,675 -8.077 183.130 75,622 5.652 53.641 78.242 6.750 743 540 894 207, ,064 269 ,025 25, 468 39 139 64 ,954 -57 ,624 107, 589 7, 021 7, 948 418,220 169,247 15,851 105,174 114.944 -18,925 -5.921 269.696 44.098 16,525 54,045 124,450 -25.000 3.378 52 55 54 55 34 57 58 233 .469 151 .829 54 342 22 ,804 2. 492 177.248 105,264 8 8 425 3,276 -19,717 44 Change in land values 45 Households 46 Farm business 47 Nonferm noncorp. business 48 Nonflnsnclal corp. business 49 Private flnen. lnsts. 114.471 82,539 39.011 -5.949 -1.130 183.130 87.281 102,459 -17,124 10,514 279, 908 124.350 -10.358 113. 134 51,935 845 418,220 245.550 126.791 58.147 7.952 55,487 5, 151 -38,978 55. 942 51,015 357 168.458 92.209 -17.873 69. 190 24.424 488 269.696 67,752 155,427 52,682 15,855 59 40 41 42 45 57.581 55,905 -114.122 75.592 39.010 1.194 50 Adj. to capital consua»tlon 51 Households 52 Farm business 55 Nonferm noncorp. business 54 Nonflnsnclal corp. business 5$ Private flnan. lnsts. 68.943 50.257 -88.343 75.118 30.840 1,111 194,478 122.150 -52.185 91,280 52.099 1.554 224,274 119.876 8.182 67,700 26.810 1.706 -2 1,050 1,570 -2.60S 1 15 1.113 44 45 46 47 48 49 1.680 -2.782 9 -7 27 1.160 106 -1,259 -12 32 171,214 71.174 51,092 45,860 23,577 1,511 11 1.242 100 -1.321 6 -16 4.833 4.100 149 -1.389 -13 -14 -528 468 444 -1.347 -77 2 -3.431 302 582 -4.227 -117 29 2,665 8,480 -150 -5,582 -146 45 50 51 52 55 54 55 715.§37 880.227 544.178 20,952 63,767 242.044 9.264 780.132 975.209 617.793 22.978 64.181 258.465 11,792 920.471 1112.88# 700.079 23,148 67,383 314,272 7.981 893,642 1101.02# 677.548 22.857 70.502 317.894 12.205 943,652 1174,451 770,2*5 21,839 73,411 282,323 28.423 1008.442 1206.207 766,378 21.429 79.888 320,273 18,239 -164.690 -4.755 -161.189 1.107 147 1099,029 1295,765 847,260 21,908 84,396 537,592 4.607 56 57 58 59 60 61 62 -195.077 3.941 -200.412 867 507 -192.212 7.309 -200.943 847 575 -207,38# 14,354 -219.155 -1.443 -1.144 -232.799 7.944 -238.444 -433 -1.884 -197.745 -8.055 -188.223 358 -1.825 -194.734 -17.544 -181.115 1,128 597 63 64 65 66 67 7 8 9 19 Net foreign Investment Net financial Investment 1 Private sectors Households Farm business Nonferm noncorp. business Nonfinenclal corp. bus. Private flnan. lnsts. 20 21 22 25 24 25 26 27 28 29 50 51 56 57 58 59 60 61 62 65 64 65 66 67 Public sectors State 4 locel governments U.S. government Sponsored credit egencles Monetary euthorlty Unellocated financial flows Tatsl grass domestic Investment. Flow of F u n d s b s s l s 745,588 Prlvete sectors 8X4.622 Households f12.921 Fsrm b u s i n e s s 19.S86 Monfsr* noncorp. b u s i n e s s 57,519 Nonfinenclal corp. buslnes 24#.84% Prlvete flnan. Institution -207 Public sectors stste t leeei U.S. Sponsored Menetarv D e t e e r e I n ml111erne e # t e l l a r e . -91.8*7 -9.2*4 -88.718 498 449 15 14 15 16 17 18 -156,179 19 October 1989 Households Households Factors Accounting for Change in Net North 51 Annual Flows Annual Flows IMf 1950 1951 1952 1953 1954 1955 1956 Households, Personal Trusts, and Nonprofit Organizations Gross Investment of household sector, fro* Flow of Funds Accounts si .set 58,095 61,487 62,145 38,054 454 8.996 8.542 58,136 47,761 3.848 16.949 13.101 68.491 47.499 10.596 19.484 8.888 46.779 14,708 27.096 12.388 74 .651 51,646 10.499 23.671 13.172 17.853 51.995 6.141 18.335 12.194 19.848 63.418 5.073 25.777 20.704 23.139 62 .447 12 .204 28 ,479 16 ,275 25.582 27.777 30,763 32.353 36 .142 36.142 - Capital consump. allow..NIPA 6 7 20.655 31 ,761 34 .956 35 .905 34,368 8 9 10 170 18,023 17.853 27.373 176 20 ,024 19 ,848 36.138 189 23 .328 23 ,139 195 25 .777 25 ,582 • Net investment flow. 38 .509 Balance Sheet basis 7 198 27.975 27.777 11 12 13 14 1.172 21.203 18.023 - 38.054 200 30.963 30.763 15 .817 43 .554 20 ,024 47, ,761 206 32.559 32.353 12 ,846 37 .017 23 .328 47, 499 3 .106 24 , 108 25 ,777 46, ,779 15 16 17 18 -2.068 21 .603 27.975 51.646 214 - Depreciation valuation adj. 8 36 ,356 Depreciation charges 9 36 .142 -Cap. consump. allow., NIPA 10 1.172 1.935 -180 -583 -259 20.773 30.963 51.995 15,817 8. 341 785 6.691 2.987 33.846 32.559 63.418 12,846 7. 055 930 4,861 3, 106 > 2. 021 216 869 8 .344 • Revel, of physical assets 11 34 .435 Change in value 12 36 ,356 Depreciation charges 13 62 447 -Gross purchases. FOF basis 14 -2,068 -632 -170 -1*266 259 2,651 -34 -2.876 2.987 4,501 921 -2,435 8, 344 1,439 1, >124 5, 781 4,010 3,837 2.540 20 3,478 23.541 24,218 677 4.514 20.804 22,630 1,826 9. 173 22 8.614 9.309 695 12,683 14,136 1,453 -9,057 -8.015 1.042 71,890 72.605 715 50.161 51.274 1,113 23 24 25 5.576 5.576 6.148 6.148 6,294 6,294 7 7,663 7.656 4 7.866 7,862 26 27 28 374 887 513 53 7.877 7.824 26.460 30,289 3.829 2,265 10,797 8.532 19.655 20,940 1,285 3,567 3,038 529 2.622 2,279 -343 7.636 5,411 -2,225 13.320 10,902 -2,418 32.682 102,150 91,909 57,788 1043,2*1 227,59$ 1101.069 239,795 38.508 21 29 31 32 737 849.222 187,941 951,372 207,475 -1 Data are In millions of dollars. 1129,280 255,105 1 109,970 109,180 1239,250 260,597 1348,430 278,771 Capital expenditures Net financial investment Net acq. of finan. assets -Net lncr. in liabilities Revaluation by type of asset Residential structures Nonres. plant 8 equipment Consumer durables \ 2 3 4 5 15 16 17 i@ • Change in the value of land holdings 16, 780 • Reval. of corporate equities 20 18. 794 Change in value 21 2. 014 -Net purchases 22 5 9.514 9.509 • Reval. of life Insurance s pension fund reserves Change in value -Net acquisitions 19.843 • Ktval. of noncorp. equity 18.202 Change In value -1,641 -Net lnv. in noncorp. bus. 1 • Other revaluations 92,441 • Change In net worth 1440,871 Net worth outstsndlng 297,542 Disposable personal income 23 24 25 26 27 28 29 sq 31 32 October 1989 Households 52 Households Factors Accounting for Change in Net Worth Annual Flows ,.,.1 Tfu.M. .na N . n , , e m Or,.Mzeti.n, Gross Investment ## household sector* free Flow of Funds Aceeeets 76 ,998 76 ,065 79 ,937 Capital expenditures Net financial Investment Net acq. of finon. assets -Net lncr. in liabilities 82 .012 83 .171 62 ,090 14, ,908 27, 385 12,477 59, ,154 16, .911 29, ,797 12,886 98 ,799 69 394 10, 543 S3, 239 22, 696 96.37$ 108.50* - Capital con suite. allow. .NIPA 69 ,359 12 ,653 30, ,289 17, 636 66 ,145 17 ,026 34, 90* 17,880 38. 934 72, ,481 18, ,318 39 ,794 21, 47* 40. 980 79,017 17,356 46.600 29,244 43. 078 44, 591 85,057 23,449 53,070 29,621 46, 2*4 47, *20 49.522 51,889 38.064 35,085 36.859 8 - Depreciation valuation adj. 9 Depreciation charges 10 -Qap. consump. allow., NIPA 37,421 36 .907 218 39,152 38,934 43 ,179 222 <1.202 40.980 46 .851 229 43.307 43,078 56 ,617 11 • Revel, of physical assets 12 Change In value 13 Depreciation charges 14 -Gross purchases, FOF basis 236 44.827 44.591 244 46 .508 46 ,2$4 -3.888 19,050 39.152 62.090 25$ 47 .87$ 47 ,620 3,423 21.375 41,202 59.154 270 49 ,792 49 ,522 -1,147 24.940 43,307 69,394 286 52 ,175 51, ,889 15 -3,952 20,580 44.827 69.359 -I, 59$ 18, 041 46, 508 66, 145 -3,888 -419 122 -3,591 -2 88# 21, 717 47, .876 72, .481 3.423 1.659 -292 2.056 -6 ,719 22 ,506 49, 792 79, .017 -1,147 -418 -117 -612 3,484 36 ,366 52, ,175 85 ,057 -3.952 -1.067 -260 -2.625 -1.59$ -580 304 -1.320 -2,88* -202 430 -3.11$ -6, .719 5 925 594 -I,388 3 >484 7 ,040 626 -4, 182 -39,143 -37,705 1,458 104,177 105.929 1.752 2,883 28,114 5,831 19 28.680 566 • Revel, of life insurance t pension fund reserves Change in value -Net acquisitions -6.513 -6.534 -21 104.282 105.346 1.064 -62.281 -63.711 -1.430 78.007 76,420 -1.587 50.940 20 50,625 21 -315 22 -662 8,826 9,488 2 ,733 13 ,111 10 ,378 1 ,246 13 ,115 11 ,869 2* • Reval. of noncorp. equity 27 Change In value 28 -Net lnv. in noncorp. bus. 88 11 .636 11 .548 4,201 1$.284 12.083 13,640 12,513 -1,127 -3, .274 9, 750 13,024 15, ,158 15, ,233 75 3 ,92$ 17 .800 13, ,874 11 ,382 7 ,905 -3 477 4 »0$4 23 20.445 24 U.381 25 8.710 5 ,872 -2, ,838 9.757 9.808 51 10. 721 10. 779 58 10, ,00$ 11, >11$ 1, 110 16.462 2$ 15.656 27 -80$ 28 6 * Net Investment flow, 7 Balance Sheet basis 16 17 18 19 Revaluation by type of asset Residential structures Nonres. plant t equipment Consumer durables • Change in the value of land holdings 20 • Revel. of corporate equities 21 Change In value 22 -Net purchases 23 24 25 3,641 29 • Other revaluations 30 » Change in net worth Memo: 31 Net worth outstanding 32 Disposable personal Income Date are in millions of dollars. 1 * 1 412 12 255 $79 11,414 164.220 154 80,827 8S4 29 45, $44 157.1$S -10.S04 134,838 137.94$ 30 1452.285 313.969 1616.505 324.886 1697,332 344.629 1742.97* 358,928 1900.139 373.774 1889.835 39*.1*7 2024,*73 415.834 2162.619 31 451,413 32 * October 1989 Housenolds Annual F i , „ " ° ' Account!*, for Ch.n,, i„ N l t H„rt|) Hou.,n.l(), 53 19(5 -'*«« 1**7 19(3 .... *"" U l 1 ~ 1970 1971 • = = S111? i 7 65 8 -' 71 "•«» 7,.„a 0 „,<l0 ' 201 F l«« 1972 " * W i . - s ! i S I I S 55 i I I -: : 2 ! i i 5 5 I ISSi; a i a : i :i g ,! e:E 8:S 56.961 s,ig ,.85 : : 17.797 ! I s s 1 1 1 1 |:|ii i - - """ 525 '"° D,t » » « In m11]g 131»175 ' — $2$.»«7 : : : : 3 lll:Ui '»«•?»' "m.jm -ass , October 198* Households 54 Factors Accounting for Change in Net North Annual Flows Annual Flows 1973 1974 1975 1974 1977 197# 1979 1980 Households. Personal Trusts, and Nonprofit Orgenlzatlons 1 Gross Investment a# Household sector, from Flow of Funds Accewit* 263.412 240.604 295.621 315.240 358.981 388.252 183.396 80.016 151.561 71.545 180.396 60.208 110.673 50.465 418,693 193.876 101.745 153.764 52.019 447.535 237.517 77.723 170.329 92.606 284,225 74.756 215.199 140.443 327.703 60.549 230.867 170.318 106.567 120.828 356.068 62.625 237.349 174.724 137.106 342.694 104.841 232.873 128.032 151.657 169.015 190.344 215.204 243.638 6 156 .845 119 ,776 158 .515 163 .583 8 - Depreciation valuation adj. * Depreciation charges 10 -Cap. consump. allow., NIPA 189 .966 197 .908 618 107 .185 106, ,567 203 .489 368 121 ,196 120 .828 423 137 .529 137 ,106 203 ,897 7 473 152 .130 151 ,657 11 • Revel. of physical assets 12 Change in velue 13 Depreciation charges 14 -Gross purchases, FOF basis 548 169 ,563 169 ,015 644 190 .988 190 .344 86 ,209 162, .420 107, 185 183, 396 773 215 .977 215 ,204 145, ,218 204, ,418 121, .196 180, .396 78, ,199 134, 546 137, .529 193, .876 909 8 244 ,547 9 243 .638 10 110 ,877 196, ,264 152, ,130 237, 517 164, ,050 278, ,712 169, .563 284, .225 220 .464 357 ,179 190, ,988 327, ,703 86, 209 74.411 7. 190 4. 608 184 ,774 324 ,865 215, .977 356, ,068 145. 218 86. 493 14. 945 43. 780 188, ,930 287, .077 244, ,547 342, ,694 78. 199 50, 934 4. 126 23. 139 11 12 13 14 110, .877 89, .335 7, 397 14, 145 164, .050 134, 076 10.536 19.438 220, .464 159, .383 24, .899 36, 182 184 .774 126, ,907 7, .029 50,#3# 188, ,930 108, ,864 17 ,308 62 ,758 15 16 17 18 82.172 105.596 103.709 -206.854 -211.113 -4,259 -213.476 -215.580 -2.104 82.159 19 151.874 145.684 -6.190 117.447 116.955 -492 -38.146 -45.491 -7.345 • Reval. of life Insurance S pension fund reserves Chenge in value -Net acquisitions 8.652 -3.872 -12.524 177,474 152,001 -25,473 316,301 20 306,431 21 -9,870 22 -25 .868 14 .018 39 .886 -29 .243 14 ,466 43 ,709 34 .895 106 .816 71 .921 15, .572 72, 214 56 642 26 • Reval. of noncorp. equity 27 Change in value 28 -Net lnv. in noncorp. bus. -16 ,185 62 .375 78 ,560 17 ,354 112 ,376 95, 022 123, .722 134 ,947 11, .225 14, .423 116 ,257 101 #34 121, ,624 91, ,364 -30, .260 102 .810 83 ,503 -19 ,307 40,225 23 151.728 24 11#,503 25 155,43# 129. 672 -25, 766 176, ,743 156, ,517 -20,226 278, ,382 246, .455 -31, .927 327, 33 262, ,712 65 ,221 330,300 26 253.444 27 -76.856 2# 2 3 * 5 6 Capital expenditures Net financial Investment N *t acq. of flnen. essets -Net lncr. in liabilities - Capital consump. allow..NIPA • Net investment flow, 7 Balance Sheet basis 15 1* 17 18 19 Revaluation by type of asset Residential structures Nonres. plant 8 equipment Consumer duraoles • Chenge in the value of land holdings 20 • Revel, of corporate equities 21 Change In value 22 -Net purchases 23 24 25 29 • Other revaluations 30 • Change In net worth 31 Net worth outstanding 32 Disposable personal Income 35,934 18.866 I 5 184 3,477 2 ,834 111 -1, ,190 5, 54# 164. 186 55 178. 770 1,46# 29 547, .570 619. 770 556 862 833, 260 1010, .974 1162.371 30 4017.423 949.769 4196.193 103#,372 4743,763 1142,782 5363.533 1252.64$ 5920,395 1379,341 6753,655 1551,229 7764,629 1729,321 8927.000 31 1917,973 32 O c t o b e r 19*9 Households Factors Accounting Households for C h a n g e In N e t W o r t h 55 Annual Flows 1981 Annual Flows 1 * 2 1 * 3 1984 1985 H o . « « h . H , , P.r,.n.l Trusts, 19#* 1987 Or, Gross 512.923 *44.178 617,793 700,079 677,568 770.255 362.050 150,873 268.177 117.304 354,980 189,198 279.219 90,021 506,184 193.895 427.311 233.416 548.885 128,683 435.372 306.689 603.777 166.478 465.551 299.073 643,373 123.005 384,043 261,038 i 698,515 148,745 446,132 297.387 264,363 280.913 295,297 309.394 332.303 361.699 390,118 248.560 263,265 322,496 390.685 345,265 408.556 376,260 302 390,420 390,118 Capital expenditures Net financial Investment -Net 435,168 8,480 420,572 412,092 412,092 9 10 1.030 265.393 264.363 1,113 282,026 280,913 1,160 296,457 295,297 1.242 310,636 309.394 6,100 338.403 332.303 11 12 13 14 468 3 6 2 . 167 361,699 162.094 258.751 265.393 362.050 -67.382 5.572 282.026 354,980 113,532 253.600 296.457 436,525 28.590 224,138 310,636 506,184 32,159 242,641 338,403 548,885 15 16 17 18 73,622 315,232 362.167 603,777 162.094 105.579 17.376 39.139 169.247 422.200 390,420 643,373 -67,382 -78.854 3.504 7,968 113,532 98,394 12,646 2,492 44.098 322,041 420,572 698.515 28,590 38.604 9.703 -19.717 32.159 27,798 5.491 -1.130 73.622 55.977 7.131 10.514 169,247 150,324 10,971 7,952 124.350 5,151 92,209 55.905 20 21 22 122.150 -23.845 -59.514 -35.669 119,876 147,389 136,063 -11,326 180,404 180,926 522 71,174 73,024 19.672 -53,352 481.544 447.213 -34.331 301.980 318.380 16,400 -56,316 -61,148 -24.832 235,443 117,948 -117.495 23 24 25 -27.833 90.078 117.911 41,403 189.450 148,047 61,682 220.855 159,173 -12.555 145.102 157,657 94.783 280.34 9 185,566 26 27 70,681 273.537 202.856 272.642 224.282 -48,360 21,134 216,321 195,187 63,610 -27,772 -91,382 95,455 358,233 262,778 29 -4,937 8,408 23.638 3,861 1,626 30 -1,708 750,001 7,380 460,731 24.870 922,031 580,917 1050,270 1056,396 •40,270 1044.243 9677,001 2127,584 10137,732 2261.425 129.230 49,596 -79,634 11059.763 2428.100 42.649 -43.869 5 8 # 11640,680 2*68,600 50,756 -38,405 -•9,161 12690,950 2838.700 81,583 34,378 -47,205 13747,34* 3013,325 202.991 107,766 -95,22$ 14587,*1* 3205.975 146,515 53,153 -93.362 2 3 lncr.°inflllMiltlM$ 5 - Capital consume, allow.,NIFA N e t I n v e s t m e n t flow. Balance Sheet basis 44,098 20,567 7,696 15,835 31 32 I n v e s t m e n t of 766,378 436,525 181.268 580,790 199,522 7 • - C a p . consump. allow., NIPA 10 • R e v a l . of p h y s i c a l a s s e t s u C h a n g e in value i-> Depreciation charges 13 - G r o s s p u r c h a s e s , F O F basis 14 c!niwrPil^bleIqUlPeent • C h a n g e In the v a l u e of land h o l d i n g s ' 19 Re X!1, c o r p o r a t e e q u i t i e s 20 C h a n g e in v a l u e 21 -Net purchases 2 2 R e v a l . of life I n s u r a n c e t p e n s i o n fund r e s e r v e s C h a n g e In v a l u e -Net acquisitions 23 ,4 $ 2 • R e v a l . of n o n c o r p . e q u i t y C h a n g e In v a l u e - N e t lnv. in n o n c o r p . b u s . 26 27 28 • Other 29 Change revaluations in n e t w o r t h w e r t h outstanding 3477.800 Disposable personal income 30 31 32 October I*8? Form S Noncorporate Business 56 Fictors Accounting f.r Annuel Flows C h , n „ in W t Ferm t Noncorporete Business N.rth Annual Flows 1950 1951 1952 1953 1954 Perm Business Gross Investment #f ferm business teeter, from 1 Flow of Funds Aeemmnts 2 3 J Capital expenditures Net finenclal Investment "et * of f m e n . assets ™ N e t iner. in liabilities 5 6 * ,! * Depreciation veluetion edj. 10 Depreciation emerges -Cap. consump. allow., NIPA 12 • Revel, of physlcsl essets ** Chenge In value 14 „ Depreciation cherges 15 -Gross purcheses. FOF basis 20 2.670 2.894 3,031 5.309 -2.971 33 3.004 3.179 5.778 -3.108 259 3.367 3.267 3,571 -677 -13 664 3 .442 1.445 1.586 -23 -1.609 1 2.442 737 -27 -764 2.351 916 108 -808 3 .304 138 -121 259 2 3 4 5 560 1.663 1.644 -271 2.049 -1.292 2.305 -1.637 2.671 -2.431 2.925 -1 .183 3.082 6 3.192 3.300 3 ,485 7 -1,226 8 investment flow. Balance Sheet besls 11 16 J7 18 l' 2.338 5.462 -1,570 -424 1.146 * Proprietors' net Investment 7 - Cepltal consump.allow., NIPA 8 2.092 Revaluation by type of asset Residential structures Nonres. Plant & equipment Inventories 583 1.696 1.643 -302 81 2.150 2.069 -1.343 87 2.392 2.305 -1.650 98 2.769 2.671 -2.464 105 3.030 2.925 -1.651 -139 2.150 3.662 112 3.194 3.082 6.514 9.431 2.392 5.309 118 3.310 3.192 2.795 5.804 2.769 5.778 125 3.425 3.300 -565 -24 3.030 3.571 139 9 3, 624 10 3.485 11 -1.651 187 -64 -1.774 1.087 -662 3.194 1.445 6.514 780 756 4.978 564 -304 3.310 2.442 2.795 614 911 1.270 1,211 137 3.425 2,351 565 29 1.929 -2.523 1,532 1.212 3. 624 3. 304 12 13 14 15 1.087 -197 1.968 -684 564 24 1.831 -1.291 1,211 219 2,507 -1.515 1-532 9 1.085 456 16 17 18 19 11.914 7.859 481 -1.386 3.225 4.562 6 . 9 2 6 20 -1.754 2.021 3,184 7 . 0 9 $ 22 129.540 131.561 134,745 1 4 1 , 8 3 8 23 6.4*2 7.812 -1.350 667 2.017 6.778 9.526 -2.748 283 3.031 * Change in the velue of land holdings 21 • Other revaluations 22 * Change in net worth -2.948 Memo: 23 Ne 20.037 119.586 - 12.199 131.785 131.294 21 Nonferm Noncorporete Business i 1 2 » , 5 Gross investment of nonferm : : 2 ° : r o r B t « b u , i n « « * sector. of Fund £ , » Accounts Capital expenditures Net financial Investment fJli ? c q * o f , l n e n . «ssets -Net lncr. in liabilities 6 • Proprietors* net Investment 7 - Capital consume.allow., NIPA 4.716 4.546 170 764 594 4.999 8.358 -3.359 1.773 5.132 5.695 6.080 -385 398 783 6.009 6.460 -451 1.093 1.544 6.255 7.842 -1.587 6*2 2.249 7.355 7.183 172 1.779 1,607 -47 2.166 -359 -258 949 4,716 -588 4.999 13 5.695 6.009 -458 6.255 6,462 6.778 7.355 13 -458 « Net investment flow. 8 Balance Sheet oasis 2.166 359 ,! " Depreciation veluetion adj. 10 Depreciation charges U -Cep. consump. ellow., NIPA -258 -252 4.464 4.716 -262 4.737 4.999 28* 5.406 5 695 12 • Revel, of physical essets 13 Change in velue 14 Deprecletlon charges 15 -Gross purcheses, FOF b a s i s -301 5.708 6.009 -111 5.944 6.255 1.416 1.4* 4.4*4 4.546 -320 6.142 6.462 6.3*0 -331 6,447 6.778 10.001 6.807 7.481 5.406 -352 9 7.003 10 7.355 11 1.110 16 17 18 19 18$ 2.083 5.944 7.842 1.414 1.544 we -47# 788 2.458 6,142 7.812 6,380 3.316 1,812 1.252 4,253 7,332 6.447 9.52* 6.419 6.599 7.003 7.183 2.807 2.847 2 0 Revaluation by tvwe of asset Resldentlel structures Nonres. Plant • eeulpment Inventories • Change In t h e v a l u e ef lend holdings 4.737 8,358 23 Net w e r t h e w t s t # # * * # # 3.428 iH.fie 11.655 167.565 1.110 2.081 248 2.276 -918 -248 18S 1.702 -1.757 240 78# 2,135 -1.447 100 4.253 3.665 268 320 6.419 3.216 2.659 544 2.858 2.341 2.4*7 3.010 3.345 5 . 2 9 3 20 1 2 1 • Other reveliiattM* 22 - Chen,, i* net lortft 6.080 1.862 5.708 6.460 8 -2 1 -1 6.807 4.478 9.595 177.160 - 16 17 18 19 21 3.495 3.910 3.SSI 7.941 11.606 2 2 iso.tss 184.5*5 M.094 19*.037 2 0 7 . 6 4 3 23 Octooer 1989 * 8 Noncorporate Business F,r Fector* Accounting for Change in Annuel Flows 1958 1959 Farm 8 Noncorporate Business Net North 57 Annual Flows 1960 1961 1965 Feri» Business 1 3.548 5.427 3.695 2 3 3,705 3.705 4.126 -499 366 865 3.761 3.713 -18 -602 -584 3.690 3.548 157 -336 -493 3.711 -6 85 91 4.168 -407 134 541 4.657 -947 -40 907 -1.683 -1.608 -1.763 -2.505 5 2.508 1.040 -33 - 1 .073 6 -2.365 -939 7 3.599 3,659 -2.939 3,732 3.740 3.734 Gross Investment of 3.762 5.807 8 -2.41* -971 -2.976 9 10 11 -1.718 147 3.746 3.599 -1.637 157 3.816 3,659 -1.764 168 3.900 3.732 -2.622 12 13 14 15 176 3,916 3.740 2 858 1.620 3.746 2.508 183 3.917 3.734 1.413 1.723 3,8:6 4.126 192 3.954 3.762 252 65 3.900 3.715 205 4,010 3.807 16 17 18 19 1.524 1 . 156 3.916 3.548 2.858 -255 2,431 682 1.027 821 3.917 3.711 1.41 J -243 1.081 575 1.884 2.098 3.954 4.168 252 -153 919 -514 1.027 -176 1 .039 164 1.884 -142 1,246 780 710 -348 1.187 -129 20 6.475 8.955 1,520 5.651 4.272 2.2.S • Proprietors' net ln.e,t»ent 6 5.«»5 - Capital con,u.o.allow.. nip, 7 7.889 21 6.546 - 6.768 148.60* 2 5 4 5 7.784 9.549 -1 .765 349 2.114 3,654 157.846 1.150 161.500 162.650 7.986 8.729 -745 2.410 3.155 4.858 4.200 167.508 171.708 5.774 177.482 10.890 -2.**4 -1.5*8 1.09* 8.226 8.4*9 10.08* -1.617 -57 1.560 8.655 11.667 -3.052 544 3.576 9.9*4 13.274 -4.410 -130 4.290 1.258 1.014 -558 -1,155 1.659 7.986 1.921 8.224 3.615 8.469 8.635 8.8*4 9.155 7.784 12 15 14 15 1.459 3.595 7.415 9.549 14 17 18 19 1.459 1.855 -637 261 20 2 4.219 213.861 • Other revaluations 21 6.601 « Change in net worth 22 Memo: 184.083 Net worth outstanding l.««* . Proprietor*. n.t Invest.ent t ».S«• - Capital consuep.allow.. NIP* 1.014 558 -1.155 1.659 -580 7.604 7.9#* 1.821 -19* 7.850 8.224 -450 9.205 9.655 1.740 8.41* 9.9*4 1.054 4.114 7.858 10.999 -475 9 *99 9.155 649 2.*79 8.05* 10.09* -461 3.001 9.205 11.6*7 1.091 5.949 8.41* 15.274 1.05* 1.90# 29# -SSS -1.951 4.799 9.*98 15.532 »:«•' *49 1.990 -90S -459 -4*1 1.492 359 -1.594 1.091 1.005 -120 20* -1.855 954 252 -1.151 3.310 3.007 99$ -490 *•199 4.995 3.6*5 3.514 3.507 -I 2 6.87: $.744 7 3.*15 -415 8.054 8.4*9 3.154 21 S 1S£S£.T jj 9.155 15.552 -6.177 -4* 6.151 7. 784 -369 7.415 ! i " Noncorporate Business 6 9 10 11 ia"S?SasS=.- - 7 1.258 •=•»=" 20 9.240 Nowf,r 22 , 710 1.337 4.010 4.657 1.524 -157 878 803 ! lls, i ias !•«« 2.8*5 7.60* • .729 1.740 1.499 45 1 S 4.444 4*997 Z2S. ns a # t e l l e r s . 4.902 229.910 5.291 235.101 2*1."4 HT.n, 9.549 Ce, consuep. allow., nipa u '•:!«' •••••• « » ov » ; of a s Residential structures N««res. plant 8 equipment Inventories 20 1 • Other reveluetlons 9.517 • Change in net werth 257.217 N,t w r t * . u t s t . M l , , 21 22 25 October 19*# Farm & Noncorporate Business 58 Factors Accounting for Change in Net North Annual Flows Annual Flows 19*5 1966 1967 1968 19*9 1970 1971 Ferm Business Gross Investment e# business sector, from Flow of Fund# Accounts Capital expenditures Net financial Investment Net acq. of flnan. assets -Net lncr. in liabilities Proprietors' net investment Capital consump.allow.. NIPA « Net Investment flow, 8 Balance Sheet basis 1972 4,092 4.570 4.595 4.895 5,512 6,458 -2.566 280 2,646 5.659 5,897 -1,527 207 1.734 7.04* -2,455 363 2.816 5.957 6.351 -1.456 579 2.035 6.777 6.780 -1.468 556 2.004 -1.201 7.587 -1.7*8 604 2,552 -1.866 9,141 -5.184 691 5.875 -287 9.276 -2.499 956 5.455 242 -655 4.046 107 4.288 -978 4.552 -2.565 4,852 5.251 5.651 5.942 6.605 -246 285 -2.195 1 -1.155 -1,784 9 - Depreciation valuation adj. 10 Depreciation charges 11 -Cap. consump. allow.. NIPA -592 227 4,273 4.04* 115 245 4.533 4.288 -965 265 • 4.817 4,552 12 • Revel. of physical assets 15 Chense In value 14 Depreciation charges 15 -Gross purchases, FOF basis 288 5 , 140 4 ,852 320 5.571 5.251 3.571 5.75* 4.275 *.458 549 5.980 5,651 1,660 5,024 4,535 5,897 575 6,515 5,942 1,272 5,501 4,817 7.046 4 .780 5 ,991 5 ,140 6, 351 6.579 7.788 5,571 6,780 3.571 58 1,055 2,458 2.125 5.550 5.980 7.587 1,660 775 1,402 -517 7,404 10,250 6,315 9,141 1.272 440 989 -157 4. 780 1. 526 2. 179 1, 075 15.695 15,945 7.026 9,276 12 15 14 15 6,579 1.355 2,625 2,601 2.125 744 2.085 -706 7,404 1,666 2,856 2,902 15.695 1,698 5,957 8.058 16 17 18 19 -14,04* 25.225 4.651 11,919 -558 728 8 21 1* 17 18 1» «-0 Revaluation by type of esset Residential structures Nonres. Plant t equipment Inventories • Change in the value of land holdings 10.655 21 • Other revaluations 22 * Change In net worth Memo: 25 Net w 12.822 196.905 7.751 204.65* 8 421 9 7.026 10 6,605 11 25,904 20 10.290 -9,2*9 28.890 6.1*2 18.715 54,991 22 214.92* 205.657 254.547 240.709 259.424 294.415 25 Nonfarm Noncorporate Business Gross investment of nonfarm noncorporate business sector, from Flow of Funds Accounts Capital expenditures Net financial Investment Net acq. of flnan. assets -Net lncr. in liabilities 6 • Proprietors' net Investment 7 - Capital consump.alio*., NIPA « Net Investment flow. 8 Balance Sheet basis 10.101 17.551 -7.250 567 7.617 10.850 16,254 -5,404 869 6.275 11.*14 17,245 -5,*29 918 *547 12.585 18.*22 -*.059 -705 5,554 15,851 22,901 -9,070 1,525 10.595 14.971 25.695 -8,724 1.519 10,045 16.426 50.169 -15,745 7,169 20,912 17.989 59.159 -21.150 6.484 27.654 1.4*0 1.4*1 -795 -5,209 -5.402 -4,515 10.101 -1.222 10.850 -6.297 6 11.*14 12,585 15.851 14.971 1*42* U,989 7 8 1,4*0 1,4*1 -795 9 - Depreciation valuation adj. 10 Depreciation charses 11 -Cap. censue*, allow., NIPA - 5 ,209 -5,402 -4 ,515 -557 9 5*4 10.101 -1,222 -585 10,2*7 10,850 -6,297 *29 10,985 11,614 12 • Revel, of physical esssts 15 Change in value 14 Depreciation charges 15 -Gross purchases, FOF Basis -684 11,899 12,585 7*5 15,0** 15,851 -#17 14,154 14,971 5,294 11,081 9,544 17,551 -##0 15,54* 16,42* 9,80* 15,795 10,2*7 1*254 -9*7 9 17.022 10 17.989 11 5.098 11.55* 10,985 17,245 17 ,149 25 ,872 11. 899 18, 622 15,473 25 50# 15,0** 22.901 11 510 20 #51 14, 154 25 *95 5.294 l.*» I.*82 2# 19,*82 54,505 15,54* 50,1*9 9,80* *,729 2,9*1 11* 17,880 59.997 17.022 59.159 12 15 14 15 5,098 5,741 2,254 -877 17. 149 12. 598 4. *04 147 15,471 10,749 4.927 -201 11. 510 5 207 5 **5 41# 19,*82 11,018 * 852 1,812 17.880 11,512 5.525 845 16 17 18 19 S.MS 8.445 2.252 4.858 5,*2* 4.05# *912 -9 8 -7 1,885 -*07 20,284 -12 21 7.194 19.482 45* 13.555 45 51,504 22 28*.779 295,975 515,455 529.910 541.4*5 5*9.108 400,412 25 }* 17 1# 19 20 Revaluation by ty»e of asset Residential structures Nonres. plant 1 etuipee*t Inventories • Chense in the value a# lend holdlnas 21 • Other r e v a l u a t i o n 22 • Change in net Nemo i 25 Net worth eutstandln* 2**.49t 25 18,76* 20 October 198* * 4 Noncorporate Business Fer Factors Accounting for Change In Annual Flows Far. t Noncorporate Business Net North 59 Annual Flows 1977 * * Business #.*30 10.336 11 . 2 1 5 11.211 12.390 14.459 16.904 13.570 19.088 20.870 7.565 1,426 3.781 1 814 -4.871 1.700 -7.028 8.308 11.082 9.789 7.098 - 1 .837 10 11 12 13 14 15 16 -4.649 467 7.695 7.228 549 8 857 8.308 672 10.461 9,789 24.697 31.084 7.695 14.082 14.828 17.182 8.857 11.211 2.067 8.512 8.478 -1.153 -6.584 9.393 12.099 13.557 -8.491 -11.706 768 11.539 10.771 891 12.990 12.099 1,027 14.584 13.557 5.662 12.105 10.461 16.904 1.193 16.556 15.343 7.692 9.723 11.539 13.570 10.969 17,067 12,990 33,290 39,576 14.584 20.870 5.662 18.034 27.733 16.536 26,235 10.969 4.600 8.350 -1,981 33. 290 5.546 54 15.474 4 12. 2 7 0 18.034 5,363 10.716 1.955 45.536 19 -1.488 5.141 -1.500 7.692 3.210 7.035 -2.553 20 54 . 4 3 1 29 • 682 46 ,328 70 , 9 9 9 14 -11 19.088 -37 17 18 21 215 22 77. 638 12.820 372.053 39. 326 411.379 - WiH: i Ch:. i -18.728 . P r „ r l . „ r , . „.t -5,8:8 24.697 2.791 4.113 17.793 14.828 3.496 9.977 2.072 12.049 1,,S -1,238 9 10.771 Gross investment of 16.258 2.021 5 0 . 154 461.533 71. 302 532.835 c,eltel " • -18.2.1 * f U.».. NIPA 7 4 , =s r:' ! .: : r: r: 1 26.169 18,990 14,138 O.pr.ctatlon cm,,., -Gross punch.,,,, fof basis 18 19 80.824 101.678 49.776 104,596 582.611 687.207 106.792 793.99$ Change in the value of land holdings 68,591 -21 - 20 • Other revaluations 21 79.952 « Change In net worth 22 Memo: 873.951 Net worth outstanding 25 Nonfarm Noncorporate Business 1 2 3 4 5 19.965 42.492 -22.527 6.287 28.814 22.677 32.931 -10,254 4.799 15,053 26,107 25,609 49# 1 ##3 1,385 12.112 31.945 39.282 -7.337 16.363 23.700 -10.802 6 28.514 27.350 1.164 8.812 7,648 -26,145 -1#.054 7 19.965 -1#.544 22.677 -13.865 24.107 -22.794 -53.321 2#.514 31.945 34,544 42.955 34,544 47.364 20,669 31.471 42.955 44,312 -1.377 21.459 23.034 8 12.112 -26.14$ -1#.0J4 9 10 11 -1.087 18.87# 19.945 -1#,544 -13.865 -91# 21,759 22,677 -22.794 -1.093 25.014 24.107 -53.321 12 13 14 15 30.604 54,21# 18.07# 42.492 -1.24J 27.271 2#.514 -1,440 30,505 31,945 53,02# 64.200 21.759 32,931 -1,475 34,091 34,544 2*.771 30.344 25.014 5 40* -1.947 40.94# 42.955 16 17 1# 19 30.604 20.635 9.101 070 44.907 44.904 27,271 27.ISO 65.55* 74.334 30.505 39,3*2 53,02# 27.6*1 24.47* #46 94,01* 109.2## 34.891 47.344 122,0#% 125,427 40.*4# 44,512 21.$2# 10.7#7 -2.*44 44.907 54.32# 12.000 45,559 50,760 16.205 -1.404 94.015 *4.515 30.47# -100 122,0#: 20 25.041 24.2SI 23,41# 21 ».*57 -7.050 57.013 75.22# 91.*47 22 41.7*4 23 I $4. e s s ilt.141 29.771 57* 34 3*1 640 SM.471 311 43.513 414.224 110,45# 724.4#2 9#.#S* 19.1*1 4.0 IS -I 14#.910 #75.400 142.475 105#.27S 111C.I • Pro.ri.tors* not ln,«,t„nt « 4..8S0 - Capital consuap.allow., nipa 7 -S...44 • m-mamzi 1 IkS = 1 SST 19 20 -i • Other r e v a l u a t i o n s 17#.575 • Change i n n e t w o r t h 1214.44# H T T i r 21 22 25 October 19#* ® S Noncorporate Business Fer 60 Ferm ft Noncorporate Business Factors Accounting for Change in Net North Annual Flews Annual Flows 1981 1 Gross Investment o# f*r* business sector* free Flow of Funds Aeoeemts 1962 1985 1986 1987 1$ ,584 20,952 22 ,978 Capital expenditures Net financial Investment Net acq. of flnan. assets -Net lncr. in liabilities 23 .168 22 .857 24 ,116 -4,530 1,854 6, 384 21 .839 13,805 7.147 1,806 -5,341 4 ,146 18 .832 1, -17, 5 6 5 . 21 ,429 21,908 7 ,361 15 496 6 • Proprietors' net Investment 20 .102 3 .066 239 -2, .827 -10. 797 7 658 14 ,181 3 ,233 -10 .948 -12,400 9 ,899 11 ,530 2 .383 -9 ,147 -20, .734 4.001 17.907 3,119 -14.788 7 - Capital consump.allow.• NIPA -1, 308 I , .937 19,363 5 ,127 20,455 872 22. 400 -8.256 22. 500 22. 000 21. 200 20, ,500 20.536 -10,574 -11.903 -20.156 9 - Depreciation valuetlon adj. 10 Depreciation charges 11 -Cap. consump. allow.. NIPA 1.570 20,933 19.363 5,766 1,680 22.135 20.455 1.801 106 22,506 22.400 -6.884 149 22.149 12 • Revel, of physical assets 13 Change In value 14 Depreciation charges 15 -Gross purchases. FOF basis 100 22,600 22.500 22.000 11.553 14.736 20.933 24.116 446 21,646 21,200 582 21 .082 20 .500 5.441 -2.889 22,135 13.805 22,820 4.460 22,506 4,146 4.548 2.050 22.600 20.102 -130 9 20 ,406 10 20 ,536 11 16 -1.546 -16.334 22,149 7.361 3,632 -10,356 21.646 7.658 11,553 4.549 15.702 -8,698 13 .831 2 .648 21 .082 9 ,899 5.441 -540 6.837 -856 22.820 16, ,525 120 20, ,406 4, ,001 12 13 14 15 4,548 2.206 7,997 -5,655 -1.546 1,404 3.107 -6,057 5.632 1.533 5,525 -3.426 13 ,831 3 • 714 5 ,925 4, ,194 16, ,525 1, ,288 5 ,127 10, ,110 16 17 18 19 -10.358 -38.978 -114,122 -88.343 -52,185 -4,071 8, ,182 1 62 -15.020 570 -47.119 515 -15.315 400 21 -110.252 -87.244 -42,663 23. 747 41. ,265 22 858,931 811.812 796.497 686 245 599.001 556.338 580,085 6 2 1 . 5 4 8 23 2 3 ; 5 • Net investment flow. 8 Balance Sheet basis 17 18 19 20 Revaluation by type of esset Residential structures Nonres. plant ft equipment Inventories • Change In the value of land holdings 21 • Other revaluations 22 * Change In net worth Heme* 23 Net we 3.156 12.072 7.592 -121 828 1 8 51. ,092 20 Nonfarm Noncorporate Business Gross Investment of nonfarm noncorporate business sector, from Flow of Funds Accounts Capital expenditures Net financial Investment Net acq. of flnen. asset* -Met lncr. in nihilities 57 35$ 71,518 -14,15$ 4.3$# 18.557 63.767 65.212 -1.445 5,5$0 7,035 64,181 68,454 -4,275 32,786 37.05$ 67.515 81,674 -14.2$1 47,$77 62.26# 70,502 84,241 -15.759 58.740 52.499 75.411 88.074 -14,665 42,501 56,964 -38,044 7$,888 74,324 5,564 34.706 2$,142 -80,310 84.396 71.018 13.378 28.625 15.247 -5$,774 84 8*0 -95.11# -55.254 57.5*9 -91,877 65.767 -88.921 64.181 67.585 70.502 75,411 79.888 84,396 -38.064 -80,510 -*$.774 -84.8*0 * - Depreciation valuation adj. 10 Depreciation charges 11 - C a p . c o n s u m e , o l l e w . , NIPA -9S.11# -55.2*4 -2.60S *4.7*4 57.35$ -91.877 -88.921 -2,782 60,$8* 65.767 -1,25$ 62,$22 64.181 -1.521 66.042 67.SIS 12 • R e v e l , of p h y s i c a l e s s e t s IS Chonse i n v e i n * 14 Depreciation cherges 15 - t r e s s p u r c n e s e s . FOF B e e l e -1.589 69.115 70.*02 -1.547 72,044 75,411 120.074 136.854 *4.7*4 71.SI# -4,227 75.661 7$.88# 56,30$ 40,556 *7,#24 S2.2$2 65.212 6# 4*4 64.$44 82.57# 64,042 81.474 *7.802 72.458 69,11* 84.241 14 17 18 It 55.441 4$.471 72.044 88.074 105.174 105.857 75.641 74.524 128.074 92.224 5 4 . $2* -7.871 56.50$ 22,78# 11,$72 l.*49 54.045 44,249 78,814 71.018 *2,2$2 48.284 5.561 647 64.944 62.1*1 10.*2* -4.110 *7.502 51.117 12.2*8 8 84* 55.441 50.64* $.157 -4,141 105.174 88.297 16.54$ 528 54.04* 44,828 15.442 -4.225 115.154 55,$42 6$.1$0 7* *92 7 * . 11# $1,280 67.700 4 5 . 8 6 0 20 -2 -2 -1 2*7.74# -1 - 4 , 0 0 1 21 14.721 42.$68 *7.02* 40.#91 71.OSS 8*.225 1 0 , 5 4 * 22 14*4.5$7 146$,118 1552.085 1*89.10# 1429.99$ 1701.0S2 1786.29* 17$4,820 25 6 • Proprietors' net Investment 7 - C a p i t a l c o n s u m e . a l l o w . , NIPA 8 20 • Net I n v e s t m e n t flow, Belence Sheet b a s i s R e v a l u a t i o n By t y # e of e s s e t Residential structures N o n r e s . P l a n t ft e q u i p m e n t Inventories • Chenge I n t h e v t l M e # land h e l # l e # 8 21 • O t h e r r e v e l m e t S # # s 22 • Chenge I n n e t 1 25 Net worth owtatemtflnf O t t e e r e i n m i l l i o n # of t e l l e r s . 60.$#* 62,$22 8 -5,582 9 78.814 10 84,396 11 12 13 14 15 October 1989 Nonfinancial Corporate Business 61 1950 Annual Flows 1951 1952 1953 1954 Monflnanclal Corporate Business. Excluding 1955 195* ems Gr.s. Invcstatnt of nenflnenclel 1 17 933 U.298 21,714 22.354 22.065 2 14 . 8 6 6 3 .067 3 .516 449 22,682 23.971 -7.673 16,353 24.026 25,483 5 30.486 -8.772 7,387 1*»159 25.541 -3.187 4.576 7.763 25.998 -3,933 2.298 6.231 6 1, 2 1 2 23.219 -537 4.864 5.401 1 .288 32,403 -6.920 16,521 23,441 2.107 2,320 1,766 1.583 1.719 15.852 -1.000 16.765 -300 17.785 -1.750 8,979 7.800 11.167 2 15.854 15.852 -1 16.764 16.765 -1 17.784 17.785 7 8 9 - 13 11. 204 1. 8 5 6 12.023 -4.965 13.833 -1.199 14.840 6,085 11 12 14 Monflnanclal Corporate Business Factors Accounting for Change In Net Worth Annual Flows 10.528 11.187 8.834 11.204 11.204 -1 12.022 12,023 1.000 2 13.833 13.833 14.842 14.840 9,043 26.895 13.833 31,685 3,340 13.039 14.842 24.541 1.878 13,022 15.854 26.998 1.276 8,031 16.764 23.519 10,584 26.953 1 7.784 34,153 ' WE=s, i 3 1 2 . 2 5 0 • Corporate equity Issues - - Mln. rights fro* U.S. govt. 10*824 * -Cap. consump. allow., NIPA 13 28.936 20 21 1.929 10 2 . 774 -855 9.348 1.044 9,043 116 9,197 -270 3.340 -361 3.822 -121 1.878 -105 1 .906 77 1,276 -554 1,634 196 10,584 -234 9,797 1.021 22 1 ,943 2 .933 3 ,38* 2 ,999 3,987 23 24 25 5,306 415 1.075 660 467 1 ,088 621 4,642 683 I ,191 508 890 1 ,742 852 797 1,532 735 26 27 28 711 1,378 667 98 154 5* 370 450 80 941 1,764 823 177 267 90 155 28 7 132 148 306 158 258 382 124 246 443 197 - - - -2 -299 15, 904 15,192 14,83* 27,189 35,050 * Chant# In net worth 333.099 3*8.149 Net worth outstanding 15 16 17 18 19 29 30 10. 274 212,733 12.022 9.564 -828 2 3 . 123 235.85* 2 4 . 122 259.978 275,882 291,074 100 305,910 " lsHi I iPr! • Change In the value of land holdings 7,382 jj2 * :] 6,085 10.528 11.187 8.834 8.979 7.800 33 34 35 3* -359 5,316 7.335 13.010 -1.334 19.48* 8.11* 28.93* -*18 22.0*1 9.00* 31.*#§ -908 13.*45 9.98# 24.541 -678 15.304 11,01* 26,998 -1.3*1 10.033 12,125 23.519 -1.7*2 19,209 13.112 34.153 383 232 "'change*in*value*" -Direct investment 11 *1*7 294 321 -2*1 552 345 *55 -4.#27 9.00* 13,#U 1.212 -4.852 9.988 14.840 -4.83* 41 415 -4.*40 12,125 1*.7*5 4*7 -4,*85 13.182 17.7#S *es 890 20'Hi 20.032 42 797 9# 711 S70 941 177 155 148 25# 24* 1S1.1S7 27 28 29 30 31 11,01* 15,852 32 • C h a n t * In t h e v a l u e of lend h e l d l n t s 1.159 • e el of f g n . d i r . 151 - R e v e l , of d i r . 37 invest. 41 lnv. in U.S. 42 -299 13.250 14.039 11.877 15.45# 17.74* • C h a n t * i n n e t w o r t h 180.710 194,749 20*.*2* 222.0#4 2 3 9 . 8 3 0 Net w o r t h o u t s t e n d l n t 100 33 34 35 3* dj ' 39 - C a p . c o n s u e p . a l l o w . . *NIPA 40 -2 137.745 '#' Valuation adjustment on physical essets <2) Change In value Depreciation charges -Gross purchases c1j -914 24.405 14.415 39.734 -3.907 8.11* 12.023 1*22% U 10.824 • Net Investment flow 194 lS.4fC 25 -1 • Other revaluations -3,8*9 7,335 11.204 10.10* - 11 -Direct Investment 37 44 lnv,,t 1.951 38 39 40 43 22 Tangibles end net worth on historical cost basis: 32 45 » - 20,032 1.929 3.735 11.204 13.010 9.564 26,478 & 7 - 1 • Other r e v e l u e t l o n s r e f l e c t s atlwsteants for I n t e r , e c t o r e l t r a n s f e r s of e s s e t s . 43 44 45 October 19*9 Nenfinanclal Corporate Business 62 ' Annuel Flows ' ' * 1*57 1958 «»• fr „, t 1B C6r,er,t Hert„ ' Annuel Flows 1959 1960 1961 1962 Excludln. 1963 . .. 1964 28.348 ? I • ': it;.,, 8 Ceeltel consump.allow.. nipa 9 Inventory valuation adj. in * 10 •5I " 1 Investment flow. Belence Sheet oasis " Cap • - consump. allow.. -NIPA i • s J6 iZ 18 19 20 21 22* * Depreciation marges -Gross purchases CI) T,;:ior C , t ,,iue 1". n,"l,i;ei „";, g * " *5 H8 2 ,eu,wnt c : n 31.840 29.120 27.765 -770 10.792 U.562 31.806 37.866 -6.026 14.168 20.194 38.440 58.836 2.078 43.380 -4.940 12.476 17.416 1 1.968 36.451 -4.645 14.248 18.893 42 .656 2.441 57.555 -8.435 3.922 12.557 1.565 44.694 -5.858 15.694 21.552 2.121 49 .642 -7 .006 14 .860 21 .866 2 5 4 5 569 22.048 -1.525 -541 23.059 -250 1.145 24.135 -277 25.154 -175 25.882 271 6 7 26.827 26 28.002 6.154 29,448 -494 8 9 10.060 5.524 7.774 11.95* 10.439 14.827 10 24.155 24.155 1 25.155 25.154 25.882 25.882 26.827 26.827 28.002 — ln u,Si 23.059 23.059 6.571 21.724 22.050 37.203 1.921 6.877 23.059 28.015 5.945 17.951 24.155 38.143 6.571 63 6.798 -290 -1.561 11.252 25.155 37.728 -548 9.950 25.882 36.180 1.921 -350 1.964 3.943 -293 3.748 -156 16.571 26.827 45.554 -1.361 259 -1.796 196 1.657 18.295 28.002 44.640 -348 -188 -1.133 973 -156 -306 651 -501 1.657 -279 658 1.278 3*642 20 1.045 21 287 488 Memo* 51 Net worth outstanding 28.002 11 29.448 12 29.448 15 4.869 25.557 29.448 50.156 14 15 16 17 4.869 18 182 19 5.097 854 2.015 1.181 96 251 155 5.622 1.046 2,418 1.572 1.916 -902 2.058 2.940 1.973 198 2.852 2.654 3.091 22 507 405 98 44 7 2.889 2.442 29 • Other revaluations JO « Chense ln net worth 54 2 22.050 22.048 7.559 , -Direct Investment -Direct Investment 26.995 35.678 -7.530 4.219 11.549 10.266 Caett.1 «x»tn»lteres " , l n e n «l«l l"«e*te.nt N 251 489 258 -292 2.559 2.851 9 306 315 -23 3.460 5.483 171 482 311 -15 25 3.744 24 3.759 25 -126 220 346 101 332 231 *7 26 419 27 322 28 -1 392.895 -153 1 15.345 24,746 -102 20.432 -7 8.367 45 12.973 222 29 13.543 13.990 22.897 50 477.545 500.442 51 408.240 428.672 437.039 450.012 463.555 iE-- ^ a H « & i i ol nrHi l i l 52 « Net investment flow l0 2 < < -547 1.054 >.127 N72S 280 16.105 20.355 3*.ISO s 5 i i i 5 5 Si 51* 2.054 .007 127 .134 -5.527 20.355 25.882 -*02 <3 • Other reveiuetlees « . „. t w t e Memo* «» N.t w r t * .vtstwwiee , 1 u.«4, -1 ,2.,2$ * 153 l7 171 1 -102 .611 15.5*8 0«t. Lwv:?i%r l* . m i e n s e# tellers. * -12* l , , m 2tl 455 <">' 1*8 -* * 314.015 ',e,s n 511 •124 iei "•«» v « 21.*7* it October 1989 " " l n , n C 1 ' 1 ="„.r.,. 8uiln .„ Annual Flews F "ter* ACCeUntlnS " r in Net Hortn C.r,. r . t . Annual Flew, <9.494 54.449 61.274 -11. 780 21.808 33,588 -28 15.375 56.634 34.281 77,540 13.364 48.794 37.557 72.987 16 18 19 20 21 7.028 -116 7.061 83 13.375 868 12.272 35 13.364 -520 12.451 1 .433 3.251 3.654 24 25 -17 4.803 4.820 26 27 28 -3.101 1.724 4.825 20 434 414 29 29.520 11 529.962 569.568 54.783 -4.584 22.535 30.820 45.399 45.399 49.857 49.857 27.019 72,191 45.399 90,571 54.784 54.783 29.J49 66.490 49,857 86.998 35.047 70.493 54.784 90.230 29.468 27,019 1.401 23.016 2.602 29.349 . 697 30.339 -1.487 3.656 2.649 53 3.218 3.165 226 5.157 4.931 -203 6.565 6.768 -358 6.119 6.457 , -12 1.452 1.464 87 -260 1.003 1.263 77 2 -148 606.614 46.449 653.063 »•*« 41 2.349 -5.095 26.364 51.459 3# 39 40 -2.297 46.603 28.640 77.540 2.576 37 H.S5, -1 .392 34.763 26.564 62.519 33 34 35 36 -5.641 28.640 54.211 -17 42 20 43 27 44 U 25.521 -50 1.928 54.292 ; i! "=EH;ff:Ers 20 21 22 •':«' 23 24 25 6 954 948 70.159 713.544 767.836 -3.101 -Ut -41 21.278 „. s „ -1.309 40.551 51.127 72.9*7 20.271 29.46# -1.658 43.994 33.6## 79.340 -800 53,044 56.727 90.571 1-571 * 0 t h , r r.v.lu l t l e n , ' 26 27 28 " m 29 net „,rth 30 913.750 sir: « . « • . N.t lnv.,t. ent , I e „ 2*175 2.290 -*•429 31.127 37.556 4.25# -7.760 33.6## 41.44# -#.672 36.727 <5 39# -SB 171 97 *0.744 22.535 ss 226 84 -260 772 -14# 29.404 61.934 -2.274 <4.834 39.890 86.99# u -4.056 43.205 <2.949 90.230 1.652 1.935 -9.967 39.890 69.857 -15# 55.464 46.825 102.447 'iEvEF" -11 #14 <2.949 54,7#% -20* -12 -SS# 274 50 1.92# 31.639 d.U.r,. 599.401 33 34 55 56 37 • H o w . , NIFA 40 -«• • . « - ...i dlr. .# dlr. lnv « • « ! • Other r „ . l u . t l e n t 1« n.t worth 557.574 32 * C?.e"d,,hii%,tnh:iv,lue °' 41.#27 395.5#! " • 35.047 1.165 33.455 427 * 60.481 525..35 °* f'mr j iis ! a-"'S?S!asSs.-s 276 644 368 84 892 808 37.046 10 2.979 26 171 869 698 -45 39.606 49.857 -6*552 31 32 45 -169 257 426 27 30 25.410 1.114 22.699 1.597 234 -38 4.322 4.360 11.435 717 45.399 -5,870 -1 41 .447 41.448 25.410 63.303 41.447 79.340 70.301 86.363 -16,062 36,677 52.739 5.694 329 20.271 37.557 37.556 60.475 80,775 -20.300 18.728 39.028 3.406 44 41.448 -3.651 23.571 34.281 34.281 7.028 38.087 31 ,460 *2.519 17 -159 1.330 37,556 -1.554 25.554 31 ,460 31,459 14 15 <5.635 84,745 -19.110 31 .684 50,794 2,397 34.281 -2.107 19.252 11 12 13 59.557 77.019 -17,462 30.790 48.252 1.259 31 ,459 -I »245 10 57.176 71.433 -14.257 16.426 30.683 73.43$ -18.964 16.744 35.708 « 2 . * M Net w . r t h e u t . t e n e i n , Invest. 41 In U.S. <2 43 44 «5 * October 1989 Nonf 64 F a c t o r s A c c o u n t i n g f o r c n . n s . i n Not w o r t h Annuil Flows Annuel Flows 1973 1 Gross Investment of eenfinanclel corporate business sector. fro * Plow of Funds Accounts 1976 1977 1978 _ M o n M n . n c m Corpor.t. Bu.ln.s., Excludln, Fere. 5 6 7 70.078 102.098 Capital expenditures financial Investment Net acq. of flnan. assets -Net Incr. in liabilities 122.056 139.213 120.694 -50.616 70.709 121.325 148.159 139.352 -37,254 52.479 89.733 195.151 111.669 10.387 41. 145 30.758 242.206 156.275 -17,062 53.462 70.524 218 .448 7.883 $.168 179.189 -31.030 62,565 93.595 1 * Corporate equity Issues - Mln. rights from U.S. govt. 2 j 4 4,097 6.490 217,174 -22,023 107,667 129,690 9.908 1,323 238.575 3.631 129.758 126.127 10.524 3.973 243 .183 -24 .735 98 .412 123 . 147 2 3 4 5 2.727 2.470 65.223 -20.022 -101 1.973 76.301 -39,457 91.8 78 -10.952 -7.836 4.745 102.301 -14.911 12 875 4 .997 6 7 114.321 -16.637 129.844 -25.298 149.609 -43.175 171 .262 -43 .129 8 9 29.592 62.861 49.715 58.374 50.732 88.531 123.191 98 ,193 10 129,845 129.844 -1 149.608 149.609 -1 11 171, ,261 12 171, ,262 13 Net 8 - Capital c o n s u m p . a l l o w . . N I P A 9 - Inventory valuation adj. • Net Investment flow. Balance Sheet basis 10 11 - Depreciation valuation adj. U Depreciation charges 13 -Cap. consump. allow., NIPA 14 15 Reval. of physical assets Change in value Depreciation charges -Gross purchases (1) 16 17 18 Revaluation by type of asset Residential structures Nonres. Plant 8 equipment Inventories CI) 19 20 21 22 1975 • Change In the value of land holdings 6f # H * sn. dir. invest. 24 Change In value 25 -Direct Investment 26 - Revel, of dir. lnv. in U.S. 27 Change In value 28 „ -Direct Investment 29 • Other revaluations -2 65.223 65.223 76.301 76.301 91.876 91.878 102.301 102.301 1 114.322 114.321 57.530 129.855 65.223 137.548 170.615 266.633 76.301 172.319 95.096 124.518 91.876 121.298 75,080 139.992 102.301 167.213 97.052 176.086 114.322 193.356 57.530 2.643 46.136 8.751 162.122 272.776 129.845 240,499 170,615 2.771 151,4:4 16.420 147.990 275.387 149.608 277.005 95.096 1.517 88.948 4.631 75.080 932 68.649 5.499 209. 115 14 319. 169 15 > 171, 261 16 281, 315 17 97.052 813 88.359 7.880 162.122 2.316 143.273 16.533 147.990 3.944 119.583 24.463 209, 115 4,411 186. 996 17,70€ 12 .407 22.891 6.125 13 .932 22 ,653 82 .212 ,130 33 .929 -287 8.649 8.936 32.031 -272 13,776 14.048 810 12 ,443 11 ,633 5 0 , 710 22 -2 ,709 8 ,799 11. ,50# 2 888 5 ,688 2,800 286 16 ,379 16 .093 -173 4.588 4.761 -344 26.479 26.825 -85 2.518 2.603 6 . 671 23 3 0 . 227 24 2 3 . 556 25 -1,238 3, ,10# 4, 346 97 3.825 3. 728 -20 7, ,876 7. ,896 115 11.991 11.876 11.444 26 2 8 . 584 27 16. 918 2# 18 19 20 21 11.54# 30 * Change in net worth Memo: 31 Net wo 30.103 -607 4, 024 724 10#.271 554 286.356 3.57# 150,144 - 9 , 393 29 153. 5# 166.906 285. 441 306.330 343, 631 30 1308.377 145#.521 1611 . 9 7 9 177# . 8 8 5 2064.326 2370.656 2 7 1 4 , 2 8 7 31 1022.021 sis* 32 • Net i n v e s t m e n t f l o w 29.592 • Valuation adjustment en 33 Physical assets (2) 34 Change In value 35 Depreciation cnsrges 36 -Gross purchases (1) 37 Change i n t h e v a l u e of land holdings 38 - D e p r e c i a t i o n v s l u s t l e # a d j . 39 Depreciation charges 40 - C a p . consume, a l l o w . . NIPA 41 • R e v e l , of f # n . d i r . 42 - R e v a l . of d i r . 62.#61 49.715 58 . 3 7 4 50 , 7 3 2 8#.531 123,191 98.193 32 359 86 429 50.760 137.54# 6.432 123.071 55.690 172.319 4,079 64,341 61.016 121.29# - 2 ,412 9# , 0 0 2 66 , 7 9 9 167 . 2 1 3 986 120 ,339 74,,003 193. 354 1,632 159.120 83.011 240.499 6.599 189.273 94.331 277.005 7.219 182,129 106.405 281.315 S3 34 35 36 4,51# 3.##9 1.17# 11 ,514 2, ,934 -14.441 50.740 65.223 4.222 3.615 -20.421 55,4#0 76.301 -30.#42 61.016 91 , # 7 # 6 . 5 7 0 37 35 502 66. 79# 102, ,301 - 4 0 . 31# 74. oo: 114. 321 6 #33 83.011 129.844 -55.27# 94.331 149.609 - 6 4 . 8 5 7 3# 106.405 39 171.262 40 invest. 82 -2#7 -272 lew. i # U.S. #10 - 2 , 70$ 294 2.### -346 -173 6 . 6 7 1 41 85 -I.23# 97 -20 115 11.666 42 43 • O t h e r r e v s l u i t l e n e 11.54# 30.103 44 a Change im n e t w c r t f t -607 4 . 024 724 554 S4.9S4 3.57# 123.792 - 9 . 3 9 3 43 85,040 9 9 , 050 9 1 . 442 142.07# 191.800 162.451 44 833.412 918.452 1 0 1 7 , 502 n o # . $44 1251.022 1442.#22 1 6 0 5 , 2 7 3 45 45 Net w e r t h s w t s t a e # l # e (1) C2) Osts s r s in • H l t e i i s sf d e l l a r s . 789.420 October 19*9 Nonflnanciai Business Factor. Aecountln, for Cn,n„ In N .t Hortn Annual Flows 65 1*81 1*82 Annual Flows 1983 1985 Coro.r.t. 1986 E^cludln, F a r e s 245.041 2*2 **4 258.465 314,272 255.731 -13.667 46.995 60.662 517.896 -11.450 4.847 567.906 -55.654 105.088 158,722 520,273 6 7 269.875 -11.410 122.079 133.489 282.525 3 4 5 285,899 -40.858 9 7.022 137.880 6.400 7.791 359.854 -21,958 85.046 105.004 25,500 7.785 528,854 -46.511 119.320 165.851 8 9 198.782 -24,189 -74.475 7,902 548.265 -27.990 105.650 133.620 221.595 -10.550 -81 .500 4.576 228.116 -10.900 -80.750 7,194 258.456 -5.800 -76,500 2,956 250.967 -1,675 265.883 6.750 280,219 -18.925 54.151 29.630 56.884 -741 -17,272 9 221.402 221.595 -78.254 -12 228.184 228.196 -20,457 198,783 198.782 -66,864 "" S S W i ; 215.761 4, 712 195.797 17.252 72.253 199.595 258,442 365.804 77.434 -1.018 82.474 -4,022 52,758 118,957 250,954 557,155 -146 295,503 295.649 18 19 20 21 34.ui 78.917 228.184 272.990 -117 280,102 280,219 17 77.454 114.522 221.402 258.290 -77 265.806 265.885 16 215.761 322.219 198.785 505.241 -15 250,954 250.967 • «* Investment flow. Balance Sheet basis 238.442 258,456 34.1U 1995 28.449 5.667 78.242 127.526 265.806 514.890 114.964 199.114 280.102 364,252 72.255 1,905 61 .089 9.241 52,758 2,220 26,240 4.298 126.650 233,288 295,503 402,141 78 , 242 -8 74 79,923 -807 114,964 2,995 97,269 14,700 51.955 126,650 1,069 103,784 21,797 31.015 24,424 23 24 25 5.774 16,559 12.585 59.010 -21.673 -11.479 10.194 50.840 -7,255 2.587 9.822 52.099 26,810 472 25.668 25.196 6.046 15.750 9.684 23,577 26 27 28 -7.226 6.007 13.255 2.171 15.963 13.792 435 12.582 11.947 12.294 24.682 12,388 11,243 44.335 33.092 29 2.165 27.522 25.559 4,63# 1.010 20.052 19 *022 1,239 • 16,189 14,950 5.008 1.708 55.799 34,091 -21.257 4.482 51.376 46.894 30 329.786 -2.474 119.234 1.451 84,504 5,138 -1,372 - Ravel, of dir. m v . in U.S. 57,063 Change in value 5# 435 -Olrect Investment -13.259 96.633 52.826 47,88# 2,714 • Other revaluations 114,936 ##.#34 > Change In net worth 11 12 15 14 15 k«».»u " „«,.««« i j 3401,270 3449,15# 3564,094 " I I 2 3 4 5 6 7 295.649 -25,000 8 9 N ~ ' 10 |! * «"««•». allow., NIPA U * « s;ir SS:| Change in the value of land holdings 22 lnvest -Direct Investment - H 26 27 2# 29 30 5652,92# Net worth outstanding 31 !l Mi i ! » ?i ! ^ # iii: rli 5 ! l ! " ..." f. ? S .. " " » W " " " " « — W . . W Z -».»7 "" " " " -,.4,4 >1.#4J MM.*, ,= $'1$e " " " " •' ,,r - '« U.S. « #1 .#24 21<1,<0S 2171.0,7 2240.$,, is 45 iass' tranafara af assets. 0,, » * 1» Mlll.ni .# u u i r , . « October 1989 financial Institutions Prlvete 66 Private Financial Institutions F.etor, Accounting f.r cn.nj. m Net u.rtn Annual Flows 1*4* Annual Flows 1950 1*51 1*53 1*54 1*55 1*56 _ P r l v , t t Financial Institutions Gross Investment private ,ree > 1,2*3 2 : 5 - ' lncr/inli%illtlX* Ht 6 1.256 2,075 450 1.740 20.580 18.840 2,173 499 757 20,478 1*.721 3,508 431 1.644 26.595 24.951 2,431 66* 1.504 22,8*2 21,388 2 .301 1 6*8 2.810 28.922 26,112 8*3 1.538 28,63* 27,101 871 1.430 25 359 23 .929 2 3 4 5 * Corporate equity issues 7 8 2,190 3*5 900 12.896 11,996 Capital expendfrtwres financial Investment Net 31 • Net Investment flow, Balance Sheet basis 118 1*1 175 271 ~ Capital consump.allow.. NIPA 202 283 334 325 52 352 375 329 6 40* 434 503 7 2, 127 8 1.053 - Ravel, of life Insur. and pension fund reserves 10 Change In liability 11 -Net claims issued 2,025 1.122 1.898 2,000 3,433 5,411 5,411 7 6.662 6,655 4 7.262 7,258 53 7,758 7,705 2,265 10,273 8,008 5 9 8. 348 10 8, 343 11 » «" 14 4,452 4,452 R v , , c h «,rl:uvt.u;i. -Shares Issued 1,228 1.555 327 25 26 -Net purchases * Other revaluations 27 » Change in net worth -81 450 531 -1*3 215 400 1.441 1.963 522 *4* 1.72* 780 283 283 325 325 -1 351 352 159 12 1.208 13 1,049 14 -1 374 375 40* 40* 434 434 - 15 503 16 503 17 164 331 283 450 245 419 325 499 6* 14* 351 431 -30 265 374 66* -32 257 40* 6*8 213 672 434 8*3 360 728 503 871 76 358 1,347 989 124 2.506 878 120 845 725 231 1.60* 1,378 34 -263 1.075 1.338 52 3,2*0 4,787 1.4*7 -118 -11* 1.451 l " * "":i;,rtrc:i::Mitv neM- -160 137 2*7 -49 73 271 393 • Revel, of pnyslcal assets 18 (nonres. Plant 8 equipment) 19 Change In velue 20 Depreciation emerges 21 -Gross purcnases. FOF basis 35 274 239 271 271 15 - Depreciation valuation adj. 14 Depreciation enarges 17 -Cap. consump. allow., NIPA • Change in the velue of 22 land holdings 5.055 5,055 6 2,617 -350 1.5*5 -127 2.187 *2 26 1.967 4.*71 4,004 2.767 27 32,766 34,73$ 39.704 43.708 46.475 28 13 1.628 26.367 28,*84 30,57* 18 1* 20 21 203 22 4, *32 6,416 1.484 333 23 1.802 24 1*44* 25 Oetooer 19@» lne«clal Institutions Prlvete F Factors Accounting for Change In Annual Flows F,„.„ c l l l Instltutleni Nat Worth 67 Annual Flows Frlvate Financial Instltutl 1.917 3.199 916 1.001 26.725 25.724 2 J 4 5 •99 2,300 38 ,425 36.125 2.878 1.117 1. 761 32.600 30.839 6 339 202 7 267 553 576 609 1,703 9 2,825 -662 3.670 3.969 4.461 1 .097 2.573 38.641 36.068 2.071 1.043 2.926 48.841 45.915 1,367 3.094 56.699 53.605 201 1,225 846 57.059 56.213 434 240 652 339 685 726 794 2,536 3.219 3.718 1,246 4.201 15.275 11.074 -3.274 8.632 11 .906 -175 3.926 16.508 12.582 -3.265 -1 .604 1,661 2.543 3.943 1.400 3.975 1.616 11 8.304 8.966 2.733 12,121 9,388 12.122 12 13 14 10.876 -1,402 -332 1,070 88 10.634 10.546 2.931 4,527 1,596 1.208 15 879 2,577 1.698 1,383 17 -1 552 553 3.724 5.849 2.125 576 576 609 609 652 652 685 685 18 19 20 21 -1 725 726 -1 793 794 453 552 916 28 351 576 899 527 609 1.117 435 652 1,097 100 458 685 1.043 191 833 725 1,367 210 285 717 793 1,225 218 217 -2.696 -416 2,280 216 8.431 10.831 2.400 271 2.952 6.273 3.321 221 175 3.605 3.430 182 11.091 15.146 4.055 -7.673 -3.490 4.183 172 3 < 16 23 24 26 -368 27 1,003 <7 '<7e -368 72 -47 5,470 -117 3.671 3.640 7.138 sz * ' ' . »» •Ullen« o# doner,. 60.259 67.397 -245 5.009 70.404 8.860 -665 3.810 74.216 , i * C e r , e r . t « »«lty 6«7 - c.lt.l c o n , " * 4 N I I > , A lllu 12.733 3.873 10 * & T ™ , as E H =" lEE-iiE.:;,. il : -In ' * "ziWiAZr1"°* 22 23 24 25 -122 • Other revaluations 6.296 * Change In net worth •0.514 Net worth outstanding 2* 27 28 October 1989 Frivat. Financial Institutions 68 Factors Accounting „ Annual Flows 1 (5 1944 Private Financial Institutions C „ , „ „ ln M,t r __ 1947 1949 Annual Flows 1970 1972 Private Financial Institutions J. 340 S*! 1 !? 1 • xpe "<l*nree f i 6 * Corporate equity Issues 7 " Capltal * 2.204 1,154 71.423 70.449 Net 8 consump.allow.. NIPA Investment flow. Balance Sneet basis 2.998 3.475 4.924 2.115 883 58.392 57.509 12 2.523 I. 152 82.349 81.197 -1.824 3,370 1.554 94.349 94.813 5.297 3.559 -3.547 72.557 74.104 1,455 3.532 -5.354 101.385 104.741 4.241 1,054 144.175 145.119 4.785 -3.150 210,528 213.478 27 74 80 #80 424 1.109 1.334 1.273 1.982 1.497 2,222 1.444 3.535 1.799 2,031 2.247 4.055 -294 -1,441 5.488 2.903 1 2.407 1.945 4.103 19.440 15.537 -5.000 12.947 17.947 . 8.394 25.755 17.359 2.884 4.104 3.220 4.590 25.210 18.420 -4.084 14.148 20.252 -4.025 -391 3.434 4.943 9.478 2.535 2.201 23.903 21.702 2.109 4.925 4.814 15.451 <0.514 25,043 -1 1.108 1.109 -3.327 -774 2.551 7,720 8.435 915 3.541 12 3.480 13 -41 U -Cap. consump. allow., NIP* -1 979 980 -9.380 -3 445 5.735 11.841 9 57.147 10 45.304 11 1,273 1.273 1 .497 1.497 1.444 1.444 -I 1.798 1.799 -1 2.030 2.031 Depreciation c a g e s -Gross Purchases. FOF basis $90 1.417 979 2.204 721 1 . 728 1.108 2.115 - 15 2.247 14 2.247 17 497 1,747 1.273 2.323 945 2.818 1.497 3.370 672 2.587 1.444 3.559 1,023 2.757 1.798 3.532 1,230 3.441 2.030 4.241 621 3.139 2.247 4,785 9 " "III1l; n ° f l l f e ln *ur. ,„d p n$ o in ? fund reserves I ? If" 14 17 s' |0 Shares issued 232 R , e# c, g * "h in,. ,„ ::i;r 25 -Net purchases tv "«»»• Memo* 28 Net worth outstanding 18 19 20 21 121 220 133 12.121 185 -14.440 -4.414 12.024 188 22 -1.789 9,051 10.820 24.078 45.458 19.580 20.488 25 *2,122 24 21.454 25 9.281 15.211 5.930 -10.245 -4,395 5.850 20 292 5.344 395 2,400 1.440 *989 5.404 8.148 1,455 2,220 5.742 24 4.459 11,244 14»740 27 104.897 109.354 120,400 135.540 28 24 • Other revaluations 27 a Change In net worth 8 85.880 87.540 19.094 27.847 8.751 94.529 22.789 10.448 102.477 October 1981 Private Clnancial Institutions Private Financial Institutions Factors Accounting for Change In Net Worth 69 Annual Flows 1973 Annual Flows 1974 1975 1976 1977 1980 Private Flnanci al Institutions 1 7.083 3.0*6 -6,320 9 .912 10 .745 27 .906 30 .797 30 .874 Gross Investment of private financial Institutions, fro* Flow of Funds Accounts l 2 3 6.011 1 .072 199.000 197.928 7,216 -4,130 161.824 165.954 8.185 -14,505 182,017 196.522 8 .401 1 .509 237 .074 235 .565 9 .238 1.507 305 .049 303 .542 11 .283 16 .623 381 ,818 365 .195 13 .354 17 463 388 .618 371 .175 14 .638 16 ,236 376 .072 359 ,836 Capital expenditures Net financial Investment Net acq. of flnan. assets -Net lncr. in liabilities 2 3 4 5 5 6 2.958 1,229 1 .067 2 481 2.632 2 .517 2 ,665 2 ,157 7 2.571 3.219 3,908 4 .548 5 .324 6 .391 7 ,623 8 .871 8 7.470 1,096 -9,161 7 .845 8 .053 24 .032 25 839 24 ,160 9 10 11 -25.868 11.708 37.576 -29.243 11.612 40.855 34,895 103.320 68,125 15 ,572 67.475 51 .903 -16 ,185 55 .726 71, ,911 12 13 14 -12.252 -12.291 61 -12.206 -11 .484 722 7.975 7.883 -92 5 453 3 ,476 ,977 -1, -1 ,987 , ,020 -1, 967 631 559 -72 5, ,357 5 ,739 382 7 ,155 10 ,020 2 ,865 15 16 17 -1 2.570 2.571 3.219 3.219 -1 3.907 3,908 -1 c,.547 4, ,548 -1 5, 323 5, 324 6 ,391 6, ,391 7, ,623 7, ,623 8 .871 8, ,871 18 19 20 21 1 .660 s. 101 2.570 6.011 5.175 9. 172 3.219 7,216 912 5.190 3.907 8,185 2, 412 6, 268 4, 7 54 8. 403 3, 777 , 7, 692 5, 323 9. 238 7, 649 12, 541 6, .391 11, ,283 4, ,002 9, ,733 7, 623 13, ,354 7 ,209 12, ,976 8 ,871 14, .638 17 • 254 105 . 156 87 .802 14, ,423 108, ,077 93, ,654 * Net Investment flow. Balance Sheet basis - Reval. of life lnsur. and 40 ,225 pension fund reserves 169 935 Change In liability 109 .710 -Net claims Issued 22 251 508 -325 146 263 733 53 763 23 24 25 -44.720 -32. 743 11.977 -52.365 -46.723 5.642 46,763 57.935 11,172 25. 324 34. 064 8, 740 -19. 022 -7.864 11, 158 22, ,073 34, ,805 12, 732 23-,834 42 494 18, 660 54 .318 77 .312 22 ,994 Change In value -Shares Issued 8 9 io u 13 u - Depreciation valuation adj. 15 Depreciation cnarges 16 -Cap. consump. allow.. NIPA 17 • Reval. of physical assets (nonres. plant & equipment) Change In value Depreciation charges -Gross purcnases. FOF basis 18 19 20 21 • Change In the value of land holdings 22 Change In value -Net purchases 25 24 25 26 10.286 3,937 8,005 6,242 4, 051 -1, 554 2, ,167 2 ,732 26 27 13.168 -200 3,325 20. 945 15.295 34, 948 36, ,115 41 ,802 27 28 148.528 148,328 151,653 172,598 187.893 222.841 258, ,956 300 ,758 Data are in millions of dollars. October 1989 Private Financial Institutions Private Financial Institutions 7d Factors Accounting for Change in Net North Annual Flows Annual Flows 19*1 19*2 19*3 19*# 19*5 19** 19*7 Private Financial Institutions Gross investment af vrtvate 1 2 3 4 5 Flow of Funds Account* Caoital expenditures Net financial investment Net acq. of finan. assets -Net incr. in llebilltles 6 • Corporate equity Issues -287 9 .266 11 .792 7 .981 12 .205 2*. *23 1* .239 16.651 -16.938 458.554 475.492 4, ,607 17 .988 -8 .722 444 .711 453 .433 1 20 .185 - 8 .393 504 .981 513 ,374 32 .436 -24 .455 710 .063 734 .518 39 .360 -27 .155 772 ,448 799 .603 44.17* -15.553 936.63* 952.189 48 .052 -29 .813 630 .996 660 .809 54 .825 -SO .21* 668 .345 718, ,563 2 3 4 5 2.689 4 .674 3 .649 8 .196 13 .519 11.11* 21 .366 10.485 12 .369 6 12 .025 12 .900 14 .475 16 .025 18.475 21 .325 24 .550 7 -8.083 1 .915 2 .541 1 .702 9 .699 21.26* - Revel. of life insur. and 9 pension fund reserves 10 Change In liability -Net claims issued 11 18 .280 -7, ,574 8 -27.833 80.038 107.871 41 .403 177 .523 136 .120 61 .682 206 .616 144 .934 -12, 555 1261,916 139 ,471 94 .783 i 261 ,245 166 ,462 70.6*1 252.466 1*1.7*5 12 - Reval. of mutual fund shares 13 Change in velue 14 -Shares Issued 21 .154 197, ,145 176 ,011 -5.684 -1.967 " 3.717 95, 455 9 338 ,276 10 242, ,821 11 8 .241 17 .010 8 ,769 8 ,046 35, ,270 27, ,224 - 4 ,782 24, ,558 29, ,340 19, ,172 103, ,551 84, ,379 14.243 173.243 159.000 15 - Depreciation valuation add. 16 Depreciation charges 17 -Cat*, consump. allow.. NIPA -24, ,901 46 ,671 71, ,572 18, ,807 12 18 .118 13 -689 14 10.485 10.485 -7 12, ,018 12, .025 32 12, 932 12, 900 -16 14, 459 14, 475 -14 16, Oil 16, 025 2 18.477 18.475 43 15 24 .593 16 24 .550 17 18 19 20 21 • Reval. of physical assets (nonres. plant 8 equipment) Change In velue Depreciation charges -Gross purchases. FOF basis 29 21, ,354 21, ,325 7.225 13.391 10.485 16.651 2. 802 8.• 772 12. 018 17, 988 -186 7.067 12.932 20.185 -8*9 17.0** 14.459 32.436 -8. 077 15. 272 16, 011 39, 360 743 26.442 18.477 44.176 3 .37* 33, ,610 24, ,593 54, *25 22 • Change In the value of land holdings -3, ,921 22, ,777 21, 354 48, ,052 7 - Capital consump.allow.. NIPA 8 « Net investment flow. Balance Sheet basis 23 • Reval. of corp.equity hldgs. 24 Change In value 25 -Net purchases 18 19 20 21 845 357 48* 1. 196 1, 111 1, ,706 1 .511 22 -35.3*6 -7.334 2*. 052 54. 756 82. 183 27. 427 82. 764 131. 100 48. 336 -11. 754 1.516 13,270 137. 293 171. 46* 34. 175 116.576 155.955 39.379 16, ,396 41, ,459 25 ,063 134 .9*7 23 153 .991 24 -97* 25 26 • Other revaluations 10.7*0 5. 623 8. 655 53. 331 14.439 -4.572 -16, ,759 27 * Change In net worth 12 . 1*3 2* *.*9* 15.816 24. 502 60. 939 40. 524 50.421 19, ,440 30 .160 27 309.*5* 325, 472 349. 974 410. 913 451. 437 501.85* 521, 298 551, 45* 2* Memos
@FedFRASER