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C.9 April 1986 Balance Sheets Flow of Funds Balance Sheets For the U.S. Economy 1946-85 Board of Governors of the Federal Reserve System, Washington, D.C. 20551 Table of Contents Table Number Pages Balance sheet tables; 700 1-5 National Net Worth 701 6-10 Tangible Asset Holdings 702 11-15 Households 703 16-20 Farm and Nonfarm Noncorporate Business 705 21-25 Nonfinancial Corporate Business 706 26-30 Private Financial Institutions Stock-flow reconciliation tables: 720 31-35 All Sectors 721 36-40 Sector Flow Summaries 722 41-45 Households 723 46-50 Farm and Nonfarm Noncorporate Business 725 51-55 Nonfinancial Corporate Business 726 56-60 Private Financial Institutions Balance Sheets for the U.S. Economy 1946-85 The attached tables are a preliminary form of complete sector balance sheets for the private sectors of the economy, in which estimates of tangible assets and land are combined with the financial assets and liabilities that are published in Flow of Funds accounts to produce measures of total position and net worth. Reproducible tangible assets as shown here are from the tabulations published by the Bureau of Economic Analysis as equipment, residential structures, and inventories. Values of land holdings are Federal Reserve estimates based mainly on data from quinquennial Censuses of Government on real estate assessments and relations of assessments to sale prices in transactions. An important aspect of these balance sheets is that reproducibles are valued at replacement cost net of straight-line depreciation, while land holdings are stated at current market values. These valuations carry through the balance sheets to affect the measures of net worth, which are calculated as total tangible and financial assets less total liabilities, and are thus based on current values. These tables were last published in October 1985. This issue includes revisions back to 1945 made in all the tangible asset series as a result of the recalculation in capital stock estimates recently completed by BEA a part of the National Income and Product Account revision. These revisions were discussed in the October 1985 and January 1986 issues of the Survey of Current Business. There also have been changes in Flow of Funds estimates of financial assets and liabilities, some going back to 1970, including the incorporation of new data for loans by savings and loan associations to nonfinancial business. These appear in the nonfinancial corporate business table as part of the series labeled "nonbank finance loans" and in the noncorporate business table as part of "other loans." For nonfinancial corporations the balance sheet statement includes an alternative measure of tangibles at historical c o s t — a m o u n t actually paid to acquire tangibles whenever p u r c h a s e d — a n d the alternative measure of net worth that results from this valuation. The historical-cost estimates for reproducibles come from the same BEA calculation that produces replacement cost estimates and are thus consistent consistent for comparison of alternative pricing methods. The BEA calculation is a perpetual-inventory procedure that consists of accumulating purchases over a long period of years and deducting depreciation and retirements according to various schedules. It is entirely independent statistically of published business balance sheet measures of fixed assets, even for historical-cost measures. - i - Accompanying the balance sheets are parallel tables that relate changes in net worth that appear in the balance sheets to gross investment flows that are published in Flow of Funds accounts. Conceptually, changes in net worth for each sector should equal gross investment as published after subtracting depreciation and allowing for net flows of equity funds. Differences between the two measures arise principally from revaluation of tangible and financial assets from year to year as a result of price movements. Beyond price changes, however, allowance must be made for land transactions, which are not included in Flow of Funds statements, as well as changes in land values. Further allowances are needed for statistical differences in depreciation measures and for discontinuities in source data that occur when the scope or method of measurement is changed. These adjustments appear in the individual sector stock-flow reconciliation statements included here. Starting with this issue this balance sheet publication will be distributed by the Federal Reserve's Publications Services Department and will be known as the C.9 Release. Requests to be added to the mailing list may be made by contacting Publications Services at Stop 138, Board of Governors of the Federal Reserve System, Washington, D.C. 20551 (202)452-3245. Flow of Funds Section Division of Research and Statistics Board of Governors of the Federal Reserve System Washington, D.C. 20551 (202) 452-3482 - ii - APRIL 1986 National Net Worth 700 National Net Worth Consolidated Domestic Net Assets with Tangibles at Current Cost Pcl£jC YEAR-END OUTSTANDINGS I YEAR-END OUTSTANDINGS 1946 1947 1948 1949 1950 1951 1952 1953 1 Tangible assets 553 ,016 648 ,847 715 ,462 747 .967 857 ,568 952 ,381 1000 ,385 1044 ,116 1 2 3 4 5 6 Reproducible assets (1) Residential structures Nonres. plant 8 equip. Inventories Consumer durables 423 ,181 160 ,323 140 »749 68 ,938 53 ,171 506 • 771 190 ,528 171 ,237 79 ,877 65 ,129 564 ,304 210 ,672 192 ,256 85 ,122 76 .254 590 ,674 223 ,263 203 ,761 77 ,084 86 ,566 680 ,469 249 ,242 226 ,903 96 ,135 108 ,189 758 .085 273 , 009 251 ,838 108 ,823 124 ,415 797 ,219 288 ,153 267 ,074 108 ,003 133 ,989 833 ,525 300 ,579 280 ,890 109 ,083 142 ,973 2 3 4 5 6 7 Land at market values 129 ,835 142 ,076 151 >158 157 ,293 177 ,099 194 ,296 203 ,166 210 ,591 7 20 ,706 4 ,817 ,868 12 .695 24 ,399 14 ,838 24 ,563 15 ,944 22 ,820 16 ,949 ,872 16 ,755 23 ,252 17 ,374 22 ,091 18 ,655 8 9 578 ,539 684 ,410 754 ,699 788 ,474 897 .337 992 ,008 1041 ,011 1084 ,862 10 8 U.S. gold and SDR's 9 Net claims on foreign (2)(3) 10 Total consolidated domestic net assets (2)(3) Domestic net worth by sector: 11 Total, all sectors 578 ,539 684 ,410 754 ,699 788 ,474 897 ,337 992,,008 1041 ,011 1084 ,862 11 12 13 14 15 16 17 800 ,364 395 ,346 722,,216 215,,238 102,,090 9,,542 894 ,186 433 ,353 783 ,830 239 ,698 99 ,837 10,,942 955 ,974 461 ,422 824 ,020 251 ,406 98 ,621 12 ,571 992 ,993 484 ,558 859 ,552 254 ,251 106,,375 14,,368 1094 ,380 528 ,082 959 ,182 283 ,270 130 ,319 17,,511 1189,,157 573,,470 1050,,621 303,,972 152,,812 20,,367 1245 ,461 605,,682 1104,,319 307,,955 166,,498 24,,184 1296 ,463 633,,996 1131,,000 310,,198 158,,268 28,,538 129,,459 92, 236 155,,406 145,,921 100,,835 183,,672 155 ,534 103,,088 202 ,985 159,,322 102,,074 213,,383 171,,521 120,,160 236,,594 181,,630 131,,550 260, 768 185,,813 131,,336 276,,436 27, 917 23, 298 9, 542 4, 923 30,,405 24,,734 10, 942 5,,271 32,,945 25,,933 12,,571 5,,559 33,,656 27,,353 14,,368 8,,065 38, 023 29,,924 17,,511 9, 412 41, 739 31, 629 20, 367 10, 257 46, 194 33,,876 24, 184 11,866 51, 490 35, 893 28, 538 12, 941 21 22 23 24 -225, 180 -3, 759 -221, 637 216 -210,830 -3, 647 -207, 427 244 -203,,226 -4,,695 -198, 783 252 -208, 550 -6, 459 -202, 356 265 -203, 277 -8, 450 -195, 118 291 -199, 097 -9, 750 -189. 659 312 -206, 125 -11, 935 -194,533 343 -214, 565 -13, 961 -200, 964 360 25 26 27 28 29 3, 355 1, 054 6. 234 1. 948 1, 675 Private total, consolidated Households Sector basis -Equity in noncorp. bus. -Corporate shares held (4) -Pension fund reserves 18 19 20 Nonfarm noncorp. business Farm business Nonfinancial corps. (2) 21 22 23 24 Private financial insts. (2) Sector basis •Pension fund reserves -Corp. equities held (4) 25 26 27 28 29 Public sectors: Financial assets less liabilities State and local governments U.S. Government Sponsored credit agencies Monetary authority 30 Unallocated financial assets - CI) At replacement cost. C2) Net of foreign direct investment in U.S. business, but before deduction of foreign holdings of U.S. publicly-issued equities. (3) Excludes U.S. holdings of foreign equities. (4) Includes holdings of foreign shares. DATA ARE IN MILLIONS OF DOLLARS. - 1, 951 - 4. 031 12 13 14 15 16 17 189,,932 18 129, 318 19 291, 727 20 - 2, 964 30 APRIL 1986 National Net Worth P a g e 2 700 National Net Worth Consolidated Domestic Net Assets with Tangibles at Current Cost YEAR-END OUTSTANDINGS 1 Tangible assets YEAR-END OUTSTANDINGS 1090 ,417 1176 ,215 1283 ,929 1350 ,818 1407 ,802 1474 ,983 1532 ,701 1584 ,336 1 2 3 4 5 6 Reproducible assets (1) Residential structures Nonres. plant 8 equip. Inventories Consumer durables 864 ,790 317 ,852 293 ,079 106 ,779 147 ,080 933 ,718 342 ,427 319 ,968 114 ,008 157 ,315 1012 ,237 361 ,660 355 ,916 122 ,784 171 ,877 1058 ,593 375 ,455 380 ,667 126 ,296 176 ,175 1091 ,811 390 ,946 392 ,660 126 ,243 181 ,962 1139 ,386 409 ,688 409 ,015 131 ,674 189 ,009 1175 ,499 425 ,962 420 ,382 135 ,499 . 193.656 1207 ,794 441 ,560 432 ,260 137 ,179 196 ,795 2 3 4 5 6 7 Land at market values 225 ,627 242 ,497 271 ,692 292 ,225 315 ,991 335 ,597 357,202 376 .542 7 21 ,793 18 ,834 21 ,753 19 ,532 22 ,058 22 ,993 22 ,857 26 ,992 20 ,582 29 ,444 19 ,507 29 ,583 17 ,804 32 .230 16 ,947 36 .058 8 9 1131 ,044 1217 ,500 1328 ,980 1400 ,667 1457 ,828 1524 ,073 1582 ,735 8 U.S. gold and SDR's 9 Net claims on foreign (2)(3) 10 Total consolidated domestic net assets (2 ) (3) 1637 .341 10 Domestic net worth by sector: 11 Total, all sectors 1131 ,044 1217 ,500 1328 ,980 1400 ,667 1457 ,828 1524,,073 1582 ,735 1637 ,341 11 12 13 14 15 16 17 1351 ,823 663 ,815 1241 ,998 315 ,978 228,,910 33,,295 1435,,804 704 ,386 1350,,342 327,,003 278,,455 40, 498 1546 ,735 755 ,021 1442 ,526 345 ,785 296 ,041 45,,679 1620,,534 784 ,241 1452,,222 357,,981 258,,668 51,,332 1694 ,691 822 ,684 1617 ,026 373 ,836 360 ,070 60,,436 1768,,893 861,,927 1699,,292 381,,946 386,,173 69,,246 1829 ,963 901 ,725 1744 ,925 388 ,041 378 ,431 76,,728 1892 ,895 937 ,869 1902 ,812 398 ,366 477 ,928 88 ,649 193,,886 131,,282 306,,287 202,,281 134,,110 333,,713 214,,258 141,,427 368,,499 220, 706 147,,607 392, 916 227,,496 157,,355 408,,163 232,,903 160, 261 428, 555 238,,120 161,,205 436,,037 56, 553 40 i986 33, 295 17. 728 61, 314 44, 960 40, 498 24, 144 67,,530 47,,797 45,,679 25, 946 75, 064 49, 262 51, 332 25, 530 78, 993 54, 918 60, 436 36, 361 85, 247 58, 635 69, 246 42, 634 92,,876 62, 387 76, 728 46, 239 96,,966 69,,702 88, 649 61, 385 21 22 23 24 -223, 928 -17,865 -206, 437 374 -224, 500 -22, 108 -202, 784 392 -223, 566 -25, 471 -198, 500 405 -226, 398 -29, 799 -197, 042 443 -242, 308 -34, 596 -208, 190 478 -249, 018 -38,255 -211, 271 508 -250, 281 -41,478 -209, 342 539 -260, 090 -45,546 -215, 129 585 25 26 27 28 29 3, 149 6, 196 5,811 6, 531 Private total. consolidated Households Sector basis -Equity in noncorp. bus. -Corporate shares held (4) -Pension fund reserves 18 19 20 Nonfarm noncorp. business Farm business Nonfinancial corps. (2) 21 22 23 24 Private financial insts. (2) Sector basis •Pension fund reserves -Corp. equities held (4) 25 26 27 28 29 Public sectors: Financial assets less liabilities State and local governments U.S. Government Sponsored credit agencies Monetary authority 30 Unallocated financial assets - CI) At replacement cost. (2) Net of foreign direct investment in U.S. business. but before deduction of foreign holdings of U.S. publicly-issued equities. (3) Excludes U.S. holdings of foreign equities. (4) Includes holdings of foreign shares. DATA ARE IN MILLIONS OF DOLLARS. - 5, 445 - 4, 198 - 3, 053 12 13 14 15 16 17 243,,885 18 166,,109 19 448,,066 20 - 4, 536 30 APRIL 1986 National Net Worth 700 National Net Worth Consolidated Domestic Net Assets with Tangibles at Current Cost Pcl^C YEAR-END OUTSTANDINGS 1962 1 Tangible assets 3 YEAR-END OUTSTANDINGS 1963 1964 1965 1966 1967 1968 1969 ,909 1645 i 1710 ,213 1805 ,223 1919 ,251 2094 ,634 2227 ,247 2436 ,866 2651 ,374 1 1254,,753 459,,106 449,,563 143,.767 202,,317 1302 471 468 149 212 ,444 ,540 ,552 ,551 ,801 1376 ,025 502 ,050 494 ,943 155 ,319 223 ,713 1467 ,015 526 ,165 535 ,711 169 ,078 236 ,061 1602 ,133 567 ,478 590 ,951 185 ,217 258 ,487 1717 ,688 596 ,380 640 ,677 197 ,421 283 ,210 1903 ,065 667 ,831 709 ,247 211 ,770 314 ,217 2092 ,829 731 ,905 784 ,783 232 ,411 343 ,730 2 3 4 5 6 391,,156 407 ,769 429 ,198 452 ,236 492 ,501 509 ,559 533 ,801 558 ,545 7 16,,057 39,,184 15 ,596 42,,078 15 ,471 49,,268 13 ,806 55 ,241 13 ,235 58,,246 12 ,065 61 ,809 10 ,892 65 ,637 11 ,859 65 ,308 8 9 Total consolidated domestic net assets (2)(3) 1701,,150 1767,,887 1869 ,962 1988 ,298 2166,,115 2301 ,121 2513 ,395 2728 ,541 10 Domestic net worth by sector: 11 Total, all sectors 1701,,150 1767 ,887 1869 ,962 1988 ,298 2166,,115 2301 ,121 2513 ,395 2728 ,541 11 Private total, consolidated Households Sector basis -Equity in noncorp. bus. -Corporate shares held (4) -Pension fund reserves 1966,,001 973 ,811 1893 ,525 410 ,258 416 ,161 93,,295 2035 ,773 1014,,157 2030 ,410 421 ,887 488 ,677 105 ,689 2143 ,641 1075 ,548 2168 ,451 437 ,120 535 ,586 120 ,197 2263 ,849 1138 .488 2332 ,483 458 ,572 600 ,373 135 ,050 2443,,730 1236 ,296 2405,,965 485,,567 540,,780 143,,322 2597 737 1336 ,681 2679 , 129 502,,319 676,,129 164,,000 2821 ,257 1476 ,872 3000,,676 532,,911 806,,694 184,,199 3033 ,276 1587 ,318 3038 ,279 559 ,207 698 ,561 193,,193 2 3 4 5 6 Reproducible assets (1) Residential structures Nonres. plant 8 equip. Inventories Consumer durables 7 Land at market values 8 U.S. gold and SDR's 9 Net claims on foreign (2)(3 ) 10 12 13 14 15 16 17 12 13 14 15 16 17 18 19 20 Nonfarm noncorp. business Farm business Nonfinancial corps. (2) 251 ,065 171 ,175 461 ,532 257 ,124 177,,165 475 ,088 266 ,875 183 ,059 497 ,705 276 ,196 196 ,103 527 ,409 296,,185 203,,637 567,,604 303 ,698 213,,571 603,,997 324,,177 224,,445 649,,948 342,,300 18 233,,233 19 710 ,206 20 21 22 23 24 Private financial insts. (2) Sector basis •Pension fund reserves -Corp. equities held (4) 108:,418 73 ,040 93 ,295 57 ,917 112 ,239 77,,195 105 ,689 70 , 645 120 ,454 83 ,806 120 ,197 83 ,549 125 ,653 89 ,379 135 ,050 98 ,776 140,,008 91,,087 143,,322 94,,401 139,,790 98,,088 164,,000 122,,298 145,,815 106,,757 184,,199 145,,141 160,,219 108,,057 193,,193 141,,031 21 22 23 24 -278 ,035 -53 ,899 -224 ,884 748 -281 ,816 -56 ,804 -225,,815 803 -287,,473 -59,,267 -229,,055 849 -305,,667 — 64,,070 -242,,488 891 -320,,242 -69,,184 -251,,964 906 -323,,781 -79,,181 -245,,541 941 25 26 27 28 29 25 26 27 28 29 Public sectors: Financial assets less liabilities State and local governments U.S. Government Sponsored credit agencies Monetary authority 30 Unallocated financial assets -267 ,824 - 4 8 ,838 -219 ,626 640 -271 ,298 -50 ,857 -221 ,140 699 - 2,,973 - 3 ,412 (1) At replacement cost. (2) Net of foreign direct investment in U.S. business, but before deduction of foreign holdings of U.S. publicly-issued equities. (3) Excludes U.S. holdings of foreign equities. (4) Includes holdings of foreign shares. DATA ARE IN MILLIONS OF DOLLARS. - 4 ,356 - 6,,265 - 9,,858 - 9,,051 - 12,,380 " 19,,046 30 700 National Net Worth APRIL 1986 National Net Worth Consolidated Domestic Net Assets with Tangibles at Current Cost Page 4 YEAR-END OUTSTANDINGS YEAR-END OUTSTANDINGS 2827 ,471 1 Tangible assets 2 3 4 5 6 Reproducible assets (1) Residential structures Nonres. plant 8 equip. Inventories Consumer durables 7 Land at market values 8 U.S. gold and SDR's 9 Net claims on foreign (2)(3) 10 3078 ,595 3394,,871 3906 ,340 4570,,868 4979,,123 5554 ,240 6317 ,385 1 4912 ,136 1785 ,154 1895 ,798 505 ,687 725,,497 2 3 4 5 6 2250,,065 772 ,214 865 ,131 240,,286 372 1 ,434 2462 ,556 860,,459 950,,521 257,,845 393,,731 2707,,997 964,,656 1033,,065 285,,592 424,,684 3090,,632 1109,,890 1157,,661 352,,581 470,,500 3652,,312 1262,,175 1422 ,612 423,,346 544,,179 3959,,007 1363,,500 1570,,979 428,,829 595,,699 4358 ,209 1532 ,333 1709 ,871 463,,252 652,,753 577 ,406 616,,039 686,,874 815,,708 918,,556 1020,,116 1196,,031 1405,,249 7 13,,993 104,,462 14,,348 86,,621 8 9 11,,923 66 ,642 11,,306 56,,739 13,,818 57,,184 12,,445 52,,540 14,,026 57,,555 13,,934 84,,833 Total consolidated domestic net assets (2)(3) 5672,695 6418,354 10 Domestic net worth by sector: 11 Total, all sectors 2906 ,036 3146,,640 3459,,856 3977 ,342 4642,,449 5077 ,890 5672,,695 6418,,354 11 12 13 14 15 16 17 3230 ,936 1698 ,463 3169 ,546 577 ,623 681 ,803 211,,657 3502 ,597 1854,,346 3495 ,254 618 ,324 777 ,360 245,,224 3827,,668 2031,, 142 3856 ,859 682,,931 849 ,778 293,,008 4347 ,152 2259 ,120 4013 ,474 807 ,903 659,,103 287,,348 5056,,356 2540,,842 4198 ,816 907 ,669 463,,341 286,,964 5566 2778 4747 1001 603 363 ,230 ,442 ,762 ,707 ,869 ,744 6216 ,543 3100 ,180 5374,,105 1133,,642 719 ,529 420,,754 7006 ,376 3495 ,340 5919 ,096 1284 ,812 678 ,068 460 ,876 533,,902 401,,900 1294,,286 574 ,924 458 ,906 1438 ,399 641,,120 529,,594 1582,,792 744 ,173 18 581 ,332 19 1745 ,767 20 ,559 ,118 ,744 ,303 362,,857 185,,078 420,,754 242,,975 -498 ,498 -109,,256 -391 ,441 -558,,428 -111 ,893 , -449,,065 Private total, consolidated Households Sector basis -Equity in noncorp. bus. -Corporate shares held (4) -Pension fund reserves 18 19 20 Nonfarm noncorp. business Farm business Nonfinancial corps. (2) 354 ,951 239 ,432 763 ,080 378 ,104 258 ,301 833 ,069 410,,245 293,,211 907,,861 463,,070 370 ,788 1024,,990 21 22 23 Private financial insts. (2) Sector basis ^Pension fund reserves 175 ,010 113 ,714 211,,657 150 ,361 178,,777 129 , 123 245,,224 195,,570 185,,209 141,,501 293,,008 249,,300 229,,184 150,,643 287,,348 208,,807 -391,,191 -93,,772 -298 ,618 -394 ,359 -91 ,095 , -304,,724 24 25 26 27 28 29 -Corp. equities held (4) Public sectors: Financial assets less liabilities State and local governments U.S. Government Sponsored credit Agencies Monetary authority -340 ,879 -83 ,855 -257 ,982 -374,,341 -93 ,906 -281 ,488 , 30 Unallocated financial assets 23,379 (1) At replacement cost. (2) Net of foreign direct investment in U.S. business, but before deduction of foreign holdings of U.S. publicly-issued equities. (3) Excludes U.S. holdings of foreign equities. (4) Includes holdings of foreign shares. DATA ARE IN MILLIONS OF DOLLARS. \ 285,,426 152 ,611 286 ,964 154,, 149 -412,,741 -97,,993 -316,,676 315 162 363 210 439 211 460 232 12 13 14 15 16 17 ,764 21 ,051 22 ,876 23 , 163 24 -603,,769 25 -101,,612 26 -505,,042 27 700 National Net Worth APRIL 1986 National Net Worth Consolidated Domestic Net Assets with Tangibles at Current Cost P & g C YEAR-END OUTSTANDINGS < YEAR-END OUTSTANDINGS 1 Tangible assets 7403,577 8495,282 9575,437 10627. 649 10758,408 11536,536 12168, 413 12544, 302 1 2 3 4 5 6 Reproducible assets (1) Residential structures Nonres. plant t equip. Inventories Consumer durables 6466,612 2407,298 2459,108 674.812 92* .294 724$, 127 2676, 405 2807,427 739, 326 1019, 969 7989, 046 2928, 454 3175, 130 788, 988 1896, 474 8155, 359 2893, 937 3348,274 771, 459 1141, 689 8573, 587 3113, 191 3464, 387 789, 088 1206, 921 9110, 509 3311, 326 3647,.227 858, 450 1293, 506 9484, 179 3433, 112 3798,825 857, 069 1395, 173 2 3 4 5 6 7 Land at market values 5783,47* 2695,m 2199, 588,2ZT 820,462 J" 1700,09$ 2028,670 2332. 310 2638, 603 2603, 049 2962, 949 3057,.904 3060,.123 7 13,896 115, 13, 770 136, 769 16, 398 190, 906 16, 146 165, 628 16,.737 81,,552 18,.383 -4,,487 8 9 8625,119 9725, 976 10817,,509 10965,.712 11718, 310 12266,,702 12558,,198 10 8 U.S. gold and SDR's 9 Net claims on foreign (2)(3) 10 13,229 92,590 Total consolidated domestic net assets (2) (3) 15,> 246 174,.614 Domestic net worth by sector: 11 Total, all sectors 7509,396 8625.119 9725,.976 10817,,509 10965,,712 11718,.310 12266 ,702 12558,,198 11 12 13 14 ID 16 17 8112,288 3986,854 6749,440 1534,612 695,176 532,798 9245,992 4468,031 7759,765 1818.598 841.193 631.943 10441,,149 4956,,895 8963,,671 2099 ,154 1125 ,039 782 ,583 11596 ,121 5491 ,435 9743 ,194 2325 ,711 1070 .875 855 ,173 11918,,084 5590 ,476 10148,,345 2348 ,317 1185 ,982 1023,,570 12855,.658 6182,.361 11195,.208 2479,. 152 1329,,291 1204,,404 13637 ,889 6710 ,215 11858 ,199 2510 ,819 1331 ,856 1305 ,309 14127,,933 7158 ,328 12741 ,627 2476 ,754 1549 ,402 1557 ,143 895,603 687,106 2003,516 1081.062 793.049 2271.505 1288 ,057 872 ,147 2602 ,202 1530 ,185 855 ,404 2897 ,558 1595 ,446 809 ,539 3002 ,335 1739 ,244 795 ,600 3136 ,381 1865 ,039 694 ,387 3206 ,274 1914 ,127 18 604 ,975 19 3215 ,996 20 539,209 251,674 532,798 245,263 632,345 290.425 631.943 290,023 721 ,848 321 ,923 782 ,583 382 ,658 821 ,539 335 .826 855 .173 369 ,460 920 ,288 355 ,117 1023 ,570 458 ,399 1002 ,072 393 ,378 1204 ,404 595 ,710 1161 ,974 451 ,014 1305 ,309 594 ,349 1234 ,507 486 ,495 1557 ,143 809 ,131 21 22 23 24 -636,836 -96,790 -543.451 3.405 -661.753 -97,048 —568,666 3,961 -729 .887 -99 ,954 -634 ,231 4 ,298 -793 ,336 -96 ,119 -702 ,013 4 ,796 -930 .800 -94 .842 -841 .861 5 .903 -1116 ,456 -87 ,495 -1035 ,931 6 ,970 -1292 ,972 -75 ,082 -1225 ,727 7 ,837 -1502 ,503 -72 ,688 -1437 ,999 8 ,184 25 26 27 28 29 14 .714 14 .724 -21 .572 Private total, consolidated Households Sector basis -Equity in noncorp. bus. -Corporate shares held (4) -Pension fund reserves 18 19 20 Nonfarm noncorp. business Farm business Nonfinancial corps. (2) 21 22 23 24 Private financial insts. (2) Sector basis ^Pension fund reserves -Corp. equities held (4) 25 26 27 28 29 Public sectors: Financial assets less liabilities State and local governments U.S. Government Sponsored credit agencies Monetary authority 30 Unallocated financial assets - 33,944 (1) At replacement cost. (2) Net of foreign direct investment in U.S. business, but before deduction of foreign holdings of U.S. publicly-issued equities. (3) Excludes U.S. holdings of foreign equities. (4) Includes holdings of foreign shares. DATA ARE IN MILLIONS OF DOLLARS. - -20 ,892 - -78 ,215 12 13 14 15 16 17 -67 .232 30 701 Tangible Asset Holdings APRIL 1986 Tangible Asset Holdings Page 6 Distribution of Tangible Assets by Sector YEAR-END OUTSTANDINGS YEAR-END OUTSTANDINGS 1044 ,116 397 ,837 134 ,589 184 ,512 322 ,385 4 ,793 1 2 3 4 5 6 1 Total holdings of tangibles 2 HouseholdsSnonprofit insts. 3 Farm business 4 Nonfarm noncorp. business 5 Nonfarm nonfinan. corps. 6 Financial corporations 553 ,016 167 ,369 92 ,650 121 ,767 168 ,746 2 ,484 648 ,847 204 ,996 100 ,763 138 ,660 201 ,369 3 ,059 715 ,462 235 ,189 103,,923 149 ,067 223 ,968 3 ,315 747 ,967 258 ,429 103 ,919 152 ,572 229 ,646 3 ,401 857,,568 305,,993 123,,313 165,,420 259,,057 3,,785 952 ,381 346 ,847 136 ,167 175 ,759 289 ,338 4,,270 1000 ,385 373 ,694 136 ,901 179 ,962 305 ,376 4 ,452 7 Plant and equipment (1) 8 Nonprofit institutions 9 Farm business 10 Nonfarm noncorp. business 11 Nonfarm nonfin. corporations 12 Financial corporations 140 ,749 8 ,230 9 ,003 18 ,466 102 ,828 2 171 ,237 10 ,036 11 ,918 22 ,884 123 ,675 2 ,724 192 ,256 10 ,855 14 ,536 25 ,727 138 ,191 2,,947 203,,761 11 ,291 16 ,462 26 ,796 146 ,192 3 ,020 2261,903 12,,957 19 ,007 30,,090 161,,498 3,,351 251,,838 14 ,806 21 ,440 33 ,166 178 ,656 3,,770 267 ,074 15 ,790 22 ,750 34 ,122 190 ,493 3 ,919 280 ,890 7 16 ,502 8 23,,365 9 35,,264 10 201 ,575 11 4,,184 12 13 Residential structures (1) 14 Households: Owner-occupants 15 Nonprofit institutions 16 Farm business 17 Nonfarm noncorp. business 18 Nonfarm nonfin. corporations 160 ,323 85 ,075 3 ,807 13 , 158 54 ,867 3 ,416 190 ,528 104 ,520 4 ,304 15 ,191 62 ,581 3 ,932 , 210,,672 119 ,611 4 ,504 16,,266 66 • 072 4,,219 223 ,263 129,,997 4,,573 16,,841 67,,467 4,,385 249,,242 150,,019 4,,816 17,,937 71,,745 4,,725 273 ,009 168,,748 5,,029 18,,854 75,,397 4,,981 288 ,153 182 ,250 5 ,077 19 ,121 76 ,636 5 ,069 300 ,579 194 ,135 5 ,099 19 ,151 77 ,081 5 ,113 13 14 15 16 17 18 68 ,938 19 ,639 8 ,889 40 ,410 79,,877 21,,038 10,,362 48,,477 85 ,122 19 ,304 11 ,999 53,,819 77,,084 16,, 664 11,,033 49 ,387 96,,135 22,.454 13,,462 60,,219 108,-823 24,,908 14,,215 69,,700 108 ,003 23 ,307 13 ,882 70 ,814 109 ,083 21,,995 14,,378 72,,710 19 20 21 22 19 Inventories (2) 20 Farm business 21 Nonfarm noncorp. business 22 Corporations 23 Consumer durables (households) 24 Land at market value 25 HouseholdsSnonprofit insts. 26 Farm business 27 Nonfarm noncorp. business 28 Nonfarm nonfinan. corps. 29 Financial corporations (1) At replacement cost. (2) At year-end prices. DATA ARE IN MILLIONS OF DOLLARS. 53 ,171 65,,129 76,,254 86,,566 108,,189 124,,415 133,,989 142,,973 23 129 ,835 17 ,086 50 ,850 39 ,545 ,092 262 142 ,076 21,,007 52,,616 42 ,833 25,,285 335 151,,158 23,,965 53 ,817 45,,269 27,,739 368 157,,293 26,,002 53,,952 47,,276 29, 682 381 177,,099 30,,012 63,,915 50,, 123 32,, 615 434 194,,296 33,,849 70,,965 52,,981 36,,001 500 203,,166 36,,588 71,,723 55,,322 39,,000 533 210,,591 39,,128 70,,078 57,,789 42,,987 609 2o 27 28 29 APRIL 1986 Tangible Asset Holdings 701 Tangible Asset Holdings Distribution of Tangible Assets by Sector PclgC YEAR-END OUTSTANDINGS 1 YEAR-END OUTSTANDINGS 1954 1955 1956 1 Total holdings of tangibles HousehoidsSnonprofit insts. 2 Farm business 3 Nonfarm noncorp. business 4 Nonfarm nonfinan. corps. 5 6 Financial corporations 1090 ,417 422 ,088 137 ,453 189 ,980 335 ,722 5 ,174 7 Plant and equipment (1) Nonprofit institutions 8 9 Farm business Nonfarm noncorp. business 10 Nonfarm nonfin. corporations 11 Financial corporations 12 293 ,079 17 ,577 23 ,670 36 ,426 210 ,965 4 ,441 319 ,968 19 ,639 24 ,810 40 ,303 230,,103 5,,113 355 ,916 ,090 25 f 902 44 ,579 257 ,504 5 ,841 13 Residential structures (1) Households: Owner-occupants 14 Nonprofit institutions 15 Farm business 16 Nonfarm noncorp. business 17 Nonfarm nonfin. corporations 18 317 ,852 209 ,632 5 ,193 19 ,342 78 ,479 5 ,206 342,,427 231,,005 5,,369 19,,639 81,,055 5,,359 19 Inventories (2) Farm business 20 Nonfarm noncorp. business 21 Corporations 106 ,779 21 ,245 14 ,276 i 71 ,258 114,,008 19,t 933 15,,155 78,,920 1176 460 141 200 367 5 ,215 • 448 ,796 ,657 ,317 ,997 1957 1958 1959 1960 1961 1407 ,802 551 ,987 168 ,849 225 664 453 ,142 8 ,160 1474 ,983 581 ,117 174 ,712 233 ,370 476 ,880 8 ,904 1532 ,701 611 ,811 177 ,182 240 ,944 493 ,209 9 ,555 380 ,667 23 ,677 26 ,371 46 r 993 277 ,332 6 ,294 392 ,660 25 ,029 26 ,867 48 ,120 285 ,999 6 ,645 409 ,015 26 ,594 27 ,487 50 .098 297 ,664 7 ,172 420 ,382 28 ,148 27 ,590 51,,270 305,,767 7,,607 432 ,260 7 30 ,386 8 27 ,960 9 52 ,717 10 313 ,132 11 8 ,065 12 361 ,660 248 ,279 5 ,517 19 ,759 82 ,643 5 ,462 375 ,455 261 ,335 5 ,626 19 ,610 83 ,342 5 ,542 390,,946 275 ,396 5 ,801 19 437 84,,562 5,,750 409,,688 291 ,490 6 ,035 19,,582 86,,705 6 ,076 425,,962 305,,663 6,,241 19,,235 88,,475 6,,348 441 ,560 318 ,004 6 ,564 19 ,186 91 ,048 6 ,758 13 14 15 16 17 18 122,,784 19 ,939 15,,890 86,,955 126 ,296 21 ,155 16 ,370 88 ,771 126,,243 ,584 16,,886 86,,773 131,,674 ,060 16,,881 92,,733 135,.499 23,,291 16,,618 95,,590 137,,179 23,,815 15,,599 97,,765 19 20 21 22 1283 ,929 504 • 056 150 • 158 212 ,549 410 ,238 6 ,928 1350 ,818 526 ,747 157 ,663 219 ,296 439 ,521 7 ,591 1584 ,336 633 ,963 183 ,700 247 ,608 508 ,781 10 .284 1 2 3 4 5 6 23 Consumer durables (households) 147 ,080 157,,315 171,,877 176,,175 181,,962 189,,009 193,,656 196,,795 23 24 Land at market value Households&nonprofit insts. 25 Farm business 26 Nonfarm noncorp. business 27 Nonfarm nonfinan. corps. 28 Financial corporations 29 225 ,627 42,,606 73 ,196 60,,799 48,,293 733 242,,497 47,,120 77,,414 64,, 144 52,,935 884 271,,692 56 ,293 84,,558 69,,437 60,,317 1,,087 292,,225 59,,934 90 ,527 72,,591 67,,876 1,,297 315,,991 63,,799 99,,961 76,,096 74,,620 1,,515 335,,597 67,,989 105,,783 79,,686 80,,407 1,,732 357,,202 78,,103 107,,066 84, 581 85, 504 1, 948 376,,542 82,,214 112,,739 88,,244 91, 126 2,,219 CI) At replacement cost. (2) At year-end prices. DATA ARE IN MILLIONS OF DOLLARS. 24 25 26 27 28 29 APRIL 1986 Tangible Asset Holdings Pd-gC 701 Tangible Asset Holdings 8 Distribution of Tangible Assets by Sector YEAR-END OUTSTANDINGS, YEAR-END OUTSTANDINGS 1962 1963 1964 1965 1966 1967 1968 1969 1 Total holdings of tangibles Households&nonprofit insts. 2 3 Farm business 4 Nonfarm noncorp. business Nonfarm nonfinan. corps. 5 6 Financial corporations 1645 ,909 659 ,496 190 ,936 257 ,071 527 ,068 11 ,338 1718 ,213 684 ,885 200 ,378 265 ,372 547 ,341 12 ,237 1805 ,223 727 ,082 208 ,669 279 ,761 575 ,984 13 ,727 1919 ,251 766 ,263 225 ,280 294 ,810 617 ,322 15 ,576 2094 ,634 844 ,294 236 ,207 319 ,046 677 ,610 17 ,477 2227 ,247 899 ,889 248 ,881 332 ,654 726 ,638 19 ,185 2436 ,866 1002 ,422 260 ,969 361 ,384 789 ,967 22 ,124 7 Plant and equipment (1) 8 Nonprofit institutions 9 Farm business Nonfarm noncorp. business 10 Nonfarm nonfin. corporations 11 Financial corporations 12 449 ,563 33 ,032 28 ,753 54 ,996 323 ,884 8 ,898 468 ,552 35 ,774 29 ,886 57 .644 335 ,633 9 ,615 494 ,943 38 ,729 31 ,107 61 ,148 353 ,116 10 ,843 535 ,711 42 ,782 33 ,313 66 ,192 380 ,964 12 ,460 590 ,951 47 ,686 36 ,105 72 ,705 420 ,267 14 ,188 640 ,677 51 ,320 38 ,600 77 ,454 457 ,368 15 ,935 709 ,247 57 ,599 41 ,838 85 ,050 506 ,007 18 ,753 784 ,783 7 64 ,763 8 45 ,609 9 94 ,332 10 558 ,739 11 21 ,340 12 13 Residential structures (1) 14 Households: Owner-occupants 15 Nonprofit institutions Farm business 16 Nonfarm noncorp. business 17 Nonfarm nonfin. corporations 18 459,,106 330 ,988 7,,129 19,,091 94,,537 7,,361 471 ,540 339 ,884 7 ,513 18 ,795 97 ,334 8 ,014 502,,050 361,,593 8,,303 19,,129 104,,041 8,,984 526 ,165 378 ,819 9,,034 19 ,179 109,,329 9,,804 567,,478 408,,411 10,,047 20,,011 118,,118 10,,891 596 ,380 429 ,580 10,,681 20,,517 123,,952 11,,650 667 ,831 480 ,332 12 ,042 ,070 139 ,706 i 13,,681 731 ,905 524,,443 13,,167 23,,387 155,,010 15,,898 13 14 15 16 17 18 19 Inventories (2) 20 Farm business Nonfarm noncorp. business 21 Corporations 22 143,,767 25,,206 15,,780 102,,781 149,,551 25,,743 15,,129 108,,679 155,,319 24,,452 15,,089 115, 778 169,,078 28,,043 15,,838 125,,197 185,,217 27, 447 16, 329 141, 441 197,,421 27,,944 17,,102 152,,375 211,,770 29,,138 17,,624 165,,008 232,,411 31, 815 18, 346 182, 250 19 20 21 22 23 Consumer durables (households) 202, 317 212,,801 223, 713 236, 061 258, 487 283, 210 314,-217 343, 730 23 24 Land at market value Households&nonprofit insts. 25 Farm business 26 Nonfarm noncorp. business 27 Nonfarm nonfinan. corps. 28 29 Financial corporations 391, 156 86, 030 117, 886 91, 758 93, 042 2 <440 407, 769 88, 913 125, 954 95, 265 95, 015 2, 622 429, 198 94, 744 133, 981 99, 483 98, 106 2, 884 452, 236 99, 567 144, 745 103, 451 101, 357 3, 116 492, 501 119, 663 152, 644 111,894 105, 011 3, 289 509, 559 125, 098 161, 820 114, 146 105, 245 3, 250 533, 801 138, 232 167, 923 119, 004 105, 271 3, 371 558, 545 150, 331 171, 067 124, 631 108, 925 3, 591 (1) At replacement cost. (2) At year-end prices. DATA ARE IN MILLIONS OF DOLLARS. 2651 ,374 1096 ,434 271 ,878 392 ,319 865 ,812 24 ,931 1 2 3 4 5 6 24 25 26 27 28 29 APRIL 1986 Tangible Asset Holdings Tangible Asset Holdings Distribution of Tangible Assets by Sector YEAR-END OUTSTAN DINGS YBW-EK^BSTAINGS !iis- ii¥sniwis"i! i"i& I! II11111! ill iHSr II1 a a 1IIII as in®-— m is m 1$ w « ii s 1970 1971 1972 1973 1974 1975 1976 1*77 23 Consumer durables (households) 372,434 393,731 424,684 470,500 544,179 595,699 652,753 725,497 23 25 97 Householdsfinonprof it insts. 5 T bUSineSS • , 15^790 175,628 174,' 384 187,593 194:078 211,381 23oioi2 265,782 26l:?74 287,236 ^280^640 340,492 ^338:o77 410,935 "ll'.ltl 25 458,052 26 z 29 Financial corporations C1) At replacement cost. (2) At year-end prices. DATA ARE IN MILLIONS OF DOLLARS. 3,724 3,907 4,095 4,346 4,854 4,529 4,675 4,938 29 APRIL 1986 Tangible Asset Holdings Page 10 701 Tangible Asset Holdings Distribution of Tangible Assets by Sector YEAR-END OUTSTANDINGS YEAR-END OUTSTANDINGS 1979 1 Total holdings of tangibles 2 Households&nonprofit insts. 3 Farm business 4 Nonfarm noncorp. business 5 Nonfarm nonfinan. corps. 6 Financial corporations 7403 ,577 3077 ,067 796 ,638 1136 ,511 2311 ,049 82 ,312 8495 ,282 3505 ,641 925 ,191 1353 ,885 2618 ,467 92 ,098 9575 ,437 3874 ,877 1018 ,530 1587 ,847 2988 ,346 105 ,837 10627 ,649 4257 ,978 1021 ,480 1857 ,278 3370 ,840 120 ,073 10758 ,408 4165 ,300 981 ,010 1954 ,022 3528 ,874 129 ,202 11536 ,536 4611 ,845 968 ,784 2162 ,284 3658 ,128 135 ,495 12168 ,413 4891 ,155 864 ,410 2370 ,655 3894 ,784 147 ,409 7 Plant and equipment (1) 8 Nonprofit institutions Farm business 9 10 Nonfarm noncorp. business 11 Nonfarm nonfin. corporations 12 Financial corporations 2199 ,699 167 .725 133 ,912 260 ,593 1560 ,828 76 ,641 2459 ,108 175 ,421 149 ,838 291 ,896 1755 ,579 86 ,374 2807 ,427 193 ,848 167 ,397 336 ,461 2010 ,371 99 ,350 3175 ,130 212 ,434 181 ,202 391 ,737 2277 ,016 112 ,741 3348 ,274 217 ,772 181 ,865 420 ,209 2406 ,915 121 ,513 3464 ,387 233 ,156 184 ,290 442 ,001 2477 ,621 127 ,319 3647 ,227 245 ,942 183 ,181 476 ,720 2602 ,894 138 ,490 3798 ,825 7 251 ,392 8 179 ,322 9 509 ,819 10 2709 ,230 11 149 ,062 12 13 Residential structures CI) 14 Households: Owner-occupants 15 Nonprofit institutions 16 Farm business 17 Nonfarm noncorp. business 18 Nonfarm nonfin. corporations 2095 ,090 1527 ,137 35 ,898 49 ,624 448 ,918 33 ,513 2407 ,398 1734 ,013 41,,359 54,,431 540,,884 36,,711 2676 ,405 1902 ,860 46 ,487 59 ,241 628,,290 39,,527 2928 ,454 2062 ,051 50,,956 63,,118 710,,350 41,,979 2893 ,937 2017 ,467 50 ,559 61,,872 722,,790 41,,249 3113 ,191 2185 ,694 53 .356 63 ,786 767,,320 43,,035 3311 ,326 2308 ,316 57 ,083 65,,872 834,,685 45,,370 3433 ,112 2377 ,797 59 ,572 65,,571 883,,410 46,,762 13 14 15 16 17 18 588,,227 73, 686 32, 724 481, 817 674, 812 80, 675 34, 882 559. 255 739, 326 84, 514 33, 996 620, 816 788, 988 81, 554 33, 496 673. 938 771, 459 79, 248 33, 710 658. 501 789,,068 79,,887 36, 473 672, 728 858,,450 83, 648 40, 295 734, 507 857, 069 73,815 41. 314 741, 940 19 20 21 22 19 Inventories (2) 20 Farm business 21 Nonfarm noncorp. business 22 Corporations 23 Consumer durables (households) 24 Land at market value 25 HouseholdsSnonprofit insts. 26 Farm business 27 Nonfarm noncorp. business 28 Nonfarm nonfinan. corps. 29 Financial corporations (1) At replacement cost. (2) At year-end prices. DATA ARE IN MILLIONS OF DOLLARS. 12544 ,302 5099 ,844 766 ,677 2494 ,875 4024 ,637 158 ,269 1 2 3 4 5 6 820, 462 925, 294 1019, 969 1096, 474 1141. 689 1206, 921 1293, 506 1395, 173 23 1700, 099 525, 845 539, 416 394, 276 234,891 5, 671 2028, 670 629, 554 640, 247 486, 223 266, 922 5, 724 2332, 310 711, 713 707, 378 589, 100 317, 632 6, 487 2638, 603 836, 063 695, 606 721, 695 377, 907 7, 332 2603, 049 737,813 658, 025 777, 313 422, 209 7, 689 2962, 949 932, 718 640,821 916, 490 464, 744 8, 176 3057, 904 986, 308 531, 709 1018, 955 512, 013 8, 919 3060, 123 1015, 910 447, 969 1060, 332 526, 705 9,207 24 25 26 27 28 29 APRIL 1986 Households 702 Households Sector Balance Sheets with Tangible Assets at Current Cost Pd,gC YEAR-END OUTSTANDINGS II YEAR-END OUTSTANDINGS 1946 1947 1948 1949 1950 1951 1952 1953 Households * Personal Trusts• and Nonprofit Organizations 1 Tangible assets 2 3 4 5 6 7 8 9 10 Reproducible assets Residential structures Owner-occupied housing Nonprofit institutions Nonprofit plant 8 equip. Consumer durables Land Owner-occupied Nonprofit institutions 11 Total financial assets 12 13 14 15 16 Deposits 8 cr. mkt. instr. Checkable deposits & curr. Small time 8 savings dep. Money market fund shares Large time deposits Credit market instruments U.S. Govt. securities Savings bonds Other Treasury issues Agency issues 17 18 19 20 21 167. 369 204, 996 235, 189 258, 429 305, 993 346,847 373, 694 397,837 1 150, 283 88, 882 85, 075 3,807 8, 230 53, 171 183, 989 108,824 104, 520 4, 304 10, 036 65, 129 211, 224 124, 115 119, 611 4 ,504 10.855 76, 254 232, 427 134, 570 129, 997 4, 573 11, 291 86,.566 275, 981 154, 835 150, 019 4, 816 12, 957 108, 189 312, 998 173, 777 168, 748 5, 029 14,806 124, 415 337, 106 187, 327 182, 250 5, 077 15, 790 133, 989 358, 709 199, 234 194, 135 5, 099 16, 502 142, 973 2 3 4 5 6 7 17, 086 15, 313 1. 773 21, 007 18,814 2, 193 23, 965 21, 530 2, 435 26, 002 23,.399 2,,603 30, 012 27, 003 3, 009 33, 849 30, 375 3, 474 36, 588 32,.805 3,.783 39, 128 8 34,.944 9 4,.184 10 593, 587 625, 852 643, 972 664,.874 730, 185 789,.789 829, 158 844,.890 11 211, 000 59, 723 56,>264 215, 105 58, 341 59, 654 216, 946 55, 608 61,.824 219,-688 53,-738 64,-343 224, 286 56,.145 66, 728 233, 758 60, 299 71.-379 246, 797 62,.349 79,.113 68 57 77 155 163 250 320 259, 835 12 63, 472 13 87,-262 14 15 316 16 94 ,945 66 ,324 44 ,151 ,141 32 97,-053 67,,463 46,-236 21,,138 89 99,-437 67,-777 47 -837 19,,722 218 101 ,452 68 ,847 49 ,300 19 ,388 159 101,-250 68,-244 49,-552 18,-538 154 101,-830 67,-351 49 ,081 17,,959 311 105,-015 67,-835 49,-173 18,-404 258 108,-785 68,-494 49,-371 19,,028 95 17 18 19 20 21 9,,191 6 ,000 284 17,,531 9,,529 6,,110 415 18 ,425 11,,543 6 ,087 461 19 ,089 13,,373 5 ,989 848 20,,081 22 23 24 25 ,952 77,403 15" 22 23 24 25 State 8 local obi. Corporate 8 fgn. bonds Open-market paper Mortgages 6 ,504 8 ,396 63 13 ,658 6 ,946 7 ,576 70 14,,998 16 ,150 8 ,643 6 ,897 202 16 ,863 26 27 28 Corporate equities Mutual fund shares Other corporate equities 103 ,387 1 ,297 102 ,090 101 ,249 1 ,412 99 ,837 100 ,136 1 ,515 98 ,621 109 ,445 3 ,070 106 ,375 133 ,663 3 ,344 130,,319 156 ,293 3 ,481 152 ,812 170 ,429 3 ,931 166 ,498 162 ,414 26 4,,146 27 158 ,268 28 29 30 Life insurance reserves Pension fund reserves 43 ,360 12 ,815 46 ,510 15 ,038 49 ,353 17 ,490 52 ,104 20 ,327 55 ,049 24 ,254 57 ,777 27 ,820 60 ,665 32 ,595 63 ,647 29 37 ,479 30 31 Equity in noncorp. business 215 ,238 239 ,698 251 ,406 254 ,251 283 ,270 303 ,972 307 ,955 310 ,198 31 32 33 Security credit Miscellaneous assets 733 7 ,054 660 7 ,592 654 7 ,987 702 8 ,357 971 8 ,692 893 9 ,276 714 10 ,003 708 32 10 ,609 33 760 ,956 830 ,848 879 ,161 923 ,303 1036 ,178 1136 ,636 1202 ,852 1242 ,727 34 38 ,740 47 ,018 55 ,141 63 ,751 76 ,996 86 ,015 98 ,533 111 ,727 35 35 ,171 21 ,607 642 43 ,632 26 ,266 831 51 ,908 30 ,862 1 ,130 60 ,144 35 ,284 1 ,515 72 ,519 41 ,998 1 ,978 81 ,502 48 ,622 2 ,490 93 ,669 54 ,834 2 ,953 4 ,435 6 ,301 7 ,092 7 ,342 9 ,514 8 ,125 12 ,232 8 ,589 15 ,503 10 ,100 16 ,220 11 ,009 20 ,470 12 ,038 106 ,229 36 62 ,458 37 3 ,442 38 39 24 ,254 40 12 ,437 41 178 2 ,008 51 2 ,050 95 2 ,182 143 2 ,381 369 2 ,571 396 2 ,765 472 2 ,902 508 42 3 ,130 43 2 ,195 671 1 ,831 771 1 ,54? 851 1 ,819 884 2 ,519 951 2 ,393 1 ,034 2 ,569 1 ,133 3 ,032 44 1 ,212 45 703 784 835 904 1 ,007 1 ,086 1 ,162 1 ,254 46 722 ,216 783 ,830 824 ,020 859 ,552 959 ,182 1050 ,621 1104 ,319 1131 ,000 47 100 ,388 123 ,334 141 ,141 153 ,396 177 ,022 199 ,123 215 ,055 229 ,079 48 21 ,523 21 .296 21,866 23 .001 23 .724 24.418 25.497 27,264 49 34 ,566 37 ,533 37 ,856 36 ,923 39 ,833 41 ,357 42 ,178 43 ,110 50 34 Total assets 35 Total liabilities 36 37 38 39 40 41 Credit market instruments Home mortgages Other mortgages Tax-exempt securities Installment cons. credit Other consumer credit Bank loans n.e.c. Other loans 42 43 44 45 46 Security credit Trade credit Deferred and unpaid life insurance premiums 47 Net worth Memo: 48 Total owner-occ. real estate Home mortgages as per cent of 49 owner-occ. real estate Inventories of nondurable goods. 50 not included in totals above DATA ARE IN MILLIONS OF DOLLARS. 702 Households APRIL 1986 Households Page 12 Sector Balance Sheets with Tangible Assets at Current Cost YEAR-END OUTSTANDINGS YEAR^END OUTSTANDINGS 1956 1957 1958 Households, Personal Trusts, and Nonprofit Organizations 1 Tangible assets 422,, 088 460,,448 504,,056 526,,747 551 ,987 581 ,117 611 ,811 633 ,963 1 2 3 4 5 6 7 379,,482 214,• 825 209,,632 5,,193 17,,577 147,,080 413,,328 236,,374 231,,005 5,,369 19,,639 157,,315 447,,763 253,,796 248,,279 5,,517 22,,090 171,,877 466,,813 266,,961 261,,335 5,,626 23,,677 176,,175 488 281 275 5 25 181 ,188 ,197 ,396 ,801 ,029 ,962 513 ,128 297 ,525 291,,490 6,,035 26,,594 189,,009 533 ,708 311,,904 305,,663 6 ,241 28,,148 193 ,656 551 ,749 324 ,568 318 ,004 6 ,564 30 ,386 196 ,795 2 3 4 5 6 7 42,,606 37,,734 4,,872 47,,120 41,,581 5,,539 56,,293 49 ,656 6,,637 59,,934 52,,267 7,,667 63,,799 55 ,079 8,,720 67,,989 58 ,298 9,,691 78,,103 67,,246 10,,857 82 ,214 8 69 ,961 9 12 ,253 10 11 Total financial assets 943,,898 1034,,727 1099,,793 1099,,513 1252,,162 1328,,414 1361,,247 1515 ,167 11 12 13 14 15 16 271,,932 65,,218 96,,405 289,,319 66,,115 105,,043 306,,992 67,,751 114,,468 323,,075 66,,600 126,,403 340,,291 68,,792 140,,289 366,,301 71,,641 151,,695 387,,313 73,,331 163,,372 408 ,694 12 71 ,991 13 181 ,301 14 322 314 273 260 227 216 578 109 ,987 66 ,941 49 ,966 16,,874 101 117,,847 69 ,313 50,,229 18,,472 612 124,,500 71 ,070 50,,135 19 ,839 1,,096 129,,812 71,,707 48,,226 21,,700 1,,781 130,,983 68 ,417 47 ,703 19,,494 1 ,220 142,,749 74,,292 45 ,907 25,,437 2 ,948 150 ,032 73 ,843 45 ,642 25 ,902 2,,299 154,,477 73,,792 46 ,445 25 ,282 2 ,065 17 18 19 20 21 32 ,008 9 ,853 2 ,162 36 ,662 22 23 24 25 8 9 10 Reproducible assets Residential structures Owner-occupied housing Nonprofit institutions Nonprofit plant 8 equip. Consumer durables Land Owner-occupied Nonprofit institutions Deposits 8 cr. mkt. instr. Checkable deposits 8 curr. Small time 8 savings dep. Money market fund shares Large time deposits 17 18 19 20 21 Credit market instruments U.S. Govt. securities Savings bonds Other Treasury issues Agency issues 925 16 22 23 24 25 State 8 local obi. Corporate 8 fgn. bonds Open-market paper Mortgages 15 ,895 5 ,064 873 21 ,214 19 ,347 5 ,594 ,117 22:,476 21 ,499 6 ,707 1 ,165 24 ,059 23,,190 7,,639 1,,279 25,,997 24,,003 8 ,859 1 ,142 28 ,562 28 ,187 9 ,300 311 30 ,659 30,,802 9 ,995 1 ,966 33 ,426 26 27 28 Corporate equities Mutual fund shares Other corporate equities 235 ,019 6 ,109 228 ,910 286 ,293 7 ,838 278,,455 305 ,087 9 ,046 296 ,041 267 ,382 8 ,714 258,,668 373 ,311 13 ,241 360,,070 401 ,991 15 ,818 386 ,173 395 ,457 17 ,026 378 ,431 29 30 Life insurance reserves Pension fund reserves 66 ,349 42 ,654 69 ,254 50 ,546 72 ,724 56 ,590 75 ,462 62 ,678 78 ,535 72 ,716 81 ,956 82 ,410 31 Equity in noncorp. business 315 ,978 327 ,003 345 ,785 357 ,981 373 ,836 381 ,946 388,,041 398,,366 31 32 33 Security credit Miscellaneous assets 1 ,020 10 ,946 899 11 ,413 882 11 ,733 894 12 ,041 1 ,156 12 ,317 989 12,,821 1,,137 13,,297 1,,192 32 13,,826 33 1365 ,986 1495 ,175 1603 ,849 1626 ,260 1804 ,149 1909,,531 1973,,058 2149,,130 34 34 Total assets 85 , 184 90 ,818 500 ,803 26 22 ,875 27 477,,928 28 88,,631 29 103,.655 30 35 Total liabilities 123 ,988 144,,833 161,,323 174,,038 187 ,123 210,,239 228,,133 246,,318 35 36 37 38 39 40 41 117 ,218 71 ,144 4 ,034 137,,154 83 ,305 4 ,624 153,,351 94,,538 5,,299 166,,172 103,,419 6,,041 177,,823 112,,880 6,,824 200,,533 125 ,685 7 ,602 218,,230 137,,360 8,,432 234,,816 36 149,,567 37 9,,301 38 24 ,891 13 ,252 30,,269 15,,022 33,,171 16,,033 35 ,443 16,,681 35,,339 17,,290 41 ,123 19 ,533 45,,051 19,,956 46,,027 40 21 ,495 41 522 3 ,375 329 3 ,605 418 3,,892 233 4,,355 669 4,,821 1 ,157 5 ,433 1 ,179 6 ,252 1 ,449 42 6 ,977 43 4 ,131 1 ,298 4 ,816 1 ,381 4,,773 1,,530 4 ,365 1,,658 5 ,522 1 ,809 5 ,536 1 ,983 5 ,398 2 ,126 6 ,736 44 2,,254 45 1 ,341 1 ,482 1,,669 1,,843 1 ,969 2 ,187 2 ,379 2 ,512 46 1241 ,998 1350 ,342 1442,,526 1452 ,222 1617 ,026 1699 ,292 1744 ,925 1902 ,812 47 247,366 272,586 297,935 313,602 330,475 349,788 372,909 387,965 48 28.760 30.560 31.731 32.977 34.156 35.931 36.834 38.551 49 Credit market instruments Home mortgages Other mortgages Tax-exempt securities Installment cons. credit Other consumer credit 42 43 44 45 46 Bank loans n.e.c. Other loans Security credit Trade credit Deferred and unpaid life insurance premiums 47 Net worth Memo: 48 Total owner-occ. real estate Home mortgages as per cent of 49 owner-occ. real estate Inventories of nondurable goods, 50 not included in totals above DATA ARE IN MILLIONS OF DOLLARS. 45,148 53,054 APRIL 1986 Households 702 Households Sector Balance Sheets with Tangible Assets at Current Cost Pcl^C YEAR-END OUTSTANDINGS 13 YEAR-END OUTSTANDINGS 1962 1963 1964 1965 1966 1967 1968 1969 Households, Personal Trusts, and Nonprofit Organizations 1 Tangible assets 659 ,496 684 ,885 727 ,082 766 ,263 844 ,294 899 ,889 1002 ,422 1096 ,434 1 2 3 4 5 6 7 573 466 338 ,117 330 ,988 7 ,129 33 ,032 202 ,317 595 ,972 347 ,397 339 ,884 7 ,513 35 ,774 212 ,801 632 ,338 369 ,896 361 ,593 8 ,303 38 ,729 223 ,713 666 ,696 387 ,853 378 ,819 9 ,034 42 ,782 236 ,061 724 ,631 418 ,458 408 ,411 10 ,047 47 ,686 258 ,487 774 ,791 440 ,261 429 ,580 10 ,681 51 ,320 283 ,210 864 ,190 492 ,374 480 ,332 12 ,042 57 ,599 314 ,217 946 ,103 537 ,610 524 ,443 13 ,167 64 ,763 343 ,730 2 3 4 5 6 7 86 ,030 72 ,817 13 ,213 88 ,913 74 ,774 14 ,139 94 ,744 79 ,550 15 ,194 99 ,567 83 ,340 16 ,227 119 ,663 102 ,103 17 ,560 125 ,098 107 ,395 17 ,703 138 ,232 120 ,083 18 ,149 150 ,331 8 131 ,111 9 19 ,220 10 1502 ,549 1643 ,229 1768 ,811 1924 ,932 1944 ,637 2187 ,842 2443 ,483 2419 ,271 11 437 ,640 71 ,387 206 ,939 471 ,915 75 ,956 232 ,356 509 ,953 81 ,284 257 ,688 550 ,601 88 ,744 284 ,828 587 ,663 91 ,130 302 ,913 638 ,469 101 ,013 337 ,313 695 ,811 111 ,930 364 ,045 4 ,485 741 ,230 12 109 ,368 13 378 ,730 14 15 3 ,973 16 8 9 10 Reproducible assets Residential structures Owner-occupied housing Nonprofit institutions Nonprofit plant 8 equip. Consumer durables Land Owner-occupied Nonprofit institutions 11 Total financial assets 12 13 14 15 16 Deposits 8 cr. mkt. instr. Checkable deposits 8 curr. Small time 8 savings dep. Money market fund shares Large time deposits Credit market instruments U.S. Govt, securities Savings bonds Other Treasury issues Agency issues 17 18 19 20 21 1 ,389 2 ,172 2 ,897 3 ,562 157 ,925 75 ,583 46 ,968 26 ,589 2 ,026 161 ,431 75 ,712 48 ,149 25 ,765 1 ,798 168 ,084 77 ,831 49 ,060 26 ,112 2 ,659 173 ,467 79 ,708 49 ,695 26 ,317 3 ,696 189 86 50 28 8 5 ,218 9 ,463 ,135 ,983 ,249 ,596 ,138 194 ,925 88 ,117 51 ,219 28 ,789 8 ,109 210 ,373 93 ,807 51 ,866 33,,027 8 ,914 249 ,159 110 ,378 51 ,770 44 ,091 14 ,517 17 18 19 20 21 46 ,871 25 ,494 15 ,447 50 ,969 22 23 24 25 22 23 24 25 State 8 local obi. Corporate 8 fgn. bonds Open-market paper Mortgages 31 ,496 9 ,372 2 ,708 38 ,766 31 ,986 9 ,541 3 ,942 40 ,250 34 ,627 9 ,037 4 ,842 41 ,747 36 ,412 9,,519 5 ,642 42,,186 40 ,443 10,,851 6 ,667 44,,191 38 ,118 15 ,108 7 ,593 45 ,989 37,,577 20,,437 10,,104 48,,448 26 27 28 Corporate equities Mutual fund shares Other corporate equities 437 ,432 21 ,271 416 ,161 513 ,891 25 ,214 488 ,677 564 ,702 29 ,116 535 ,586 635,,593 35,,220 600,,373 575,,609 34,,829 540,,780 720 ,436 44 ,307 676 ,129 857,,926 51,,232 806,,694 746 ,148 26 47 ,587 27 698 ,561 28 29 30 Life insurance reserves Pension fund reserves 92 ,398 109 ,294 96,,635 122,,849 101,,051 138,,606 105,,876 154,,774 110,,570 164,,299 115 ,535 186,,292 120,,324 207,,827 125,,362 29 218,,340 30 31 Equity in noncorp. business 4101,258 421,,887 437,,120 458,,572 485,,567 502,,319 532,,911 559 ,207 31 32 33 Security credit Miscellaneous assets 1 ,226 14,,301 1,,222 14,,830 1,,669 15,,710 2,,533 16,,983 2,,730 18,,199 4,,943 19,,848 7,,039 21,,645 5,,221 32 23,,763 33 2162 ,045 2328,,114 2495,,893 2691,,195 2788,,931 3087,,731 3445,,905 3515,,705 34 34 Total assets 35 Total liabilities 268 ,520 297,,704 327,,442 358,,712 382,,966 408,,602 445, 229 477,,426 35 36 37 38 39 40 41 256 ,856 163 , 693 10 ,288 283,,697 179,,922 11,,257 313,,215 197,,379 12,,258 343,,280 214,,367 13,,396 367,,125 228, 519 14, 562 388,,283 240,,886 15,,626 421, 167 257, 712 16, 701 50 ,994 22,,804 57,,829 24,,836 65,,572 26,,875 73, 881 29,,173 79, 339 30,,250 83,,148 32,,114 91. 681 35, 094 455 .803 36 276,,297 37 17,,884 38 39 101,,161 40 36,,499 41 1,,333 7,,744 1,,446 8,,407 1,,976 9-,155 2, 493 9,,970 2, 514 11, 941 3,,247 13,,262 4, 664 15, 315 5,,663 42 18,,299 43 6,,610 21,387 8, 567 2, 587 8, 362 2,,826 9, 098 3, 031 9, 025 3, 157 12,,709 3, 663 15, 627 4, 133 12, 225 44 4,,710 45 2,,667 2, 853 3,,039 3, 303 3, 659 3, 947 4, 302 4,,688 46 1893,,525 2030, 410 2168, 451 2332, 483 2405, 965 2679, 129 3000, 676 3038,,279 47 403, 805 414, 658 441, 143 462, 159 510, 514 536, 975 600, 415 655, 554 48 40.537 43.,390 44. 742 46# 383 44*762 44.859 42. 922 42*147 49 56, 692 58, 990 62, 654 67, 463 73, 918 79, 139 86, 692 92, 994 50 Credit market instruments Home mortgages Other mortgages Tax-exempt securities Installment cons, credit Other consumer credit 42 43 44 45 46 Bank loans n.e.c. Other loans Security credit Trade credit Deferred and unpaid life insurance premiums 47 Net worth Memo: 48 Total owner-occ. real estate Home mortgages as per cent of 49 owner-occ. real estate Inventories of nondurable goods, 50 not included in totals above DATA ARE IN MILLIONS OF DOLLARS. APRIL 1986 Households Page 14 702 Households Sector Balance Sheets with Tangible Assets at Current Cost YEAR-END OUTSTANDINGS YEAR-END OUTSTANDINGS 1970 1971 1972 1973 1974 1975 1976 1977 Households, Personal Trusts, and Nonprofit Organizations 1 Tangible assets 2 3 4 5 6 7 8 9 10 Reproducible assets Residential structures Owner-occupied housing Nonprofit institutions Nonprofit plant 8 equip. Consumer durables Land Owner-occupied Nonprofit institutions 11 Total financial assets 1167 ,540 1278 ,091 1411 ,761 1610 ,115 1846 ,295 1999 ,707 2253 ,408 2614 ,292 1 1009 ,750 565 ,594 551 ,874 13 ,720 71 ,722 372 ,434 1103 ,707 629 ,273 614 ,337 14 ,936 80 ,703 393 ,731 1217 ,683 704 ,217 687 ,415 16 ,802 88 ,782 424 ,684 1380 ,103 811 ,130 791 ,680 19 ,450 98 ,473 470 ,500 1584 ,521 924 ,847 902 ,948 21 ,899 115 ,495 544 ,179 1719 ,067 1002 ,482 978 ,640 23 ,842 120 ,886 595 ,699 1915 ,331 1132 ,835 1106 ,144 26 ,691 129 ,743 652 ,753 2194 ,043 1326 ,945 1296 ,125 30 ,820 141 ,601 725 ,497 2 3 4 5 6 7 157 ,790 137 ,968 19 ,822 174 ,384 153 ,584 20 ,800 194 ,078 171 ,854 22 ,224 230 ,012 205 ,837 24 ,175 261 ,774 234 ,766 27 ,008 280 ,640 254 ,446 26 ,194 338 ,077 309 ,720 28 ,357 420 ,249 8 388 ,837 9 31 ,412 10 2503 ,080 2766 ,251 3061 ,453 3093 ,406 3094 ,035 3542 ,774 4013 ,452 4341 ,138 11 12 13 14 15 16 Deposits 8 cr. mkt. instr. Checkable deposits & curr. Small time 8 savings dep. Money market fund shares Large time deposits 796 ,254 118 ,185 408 ,894 868 ,934 130 ,378 476 ,325 963 ,175 142 ,522 545 ,314 1066 ,650 156 ,396 585 ,349 17 ,422 17 ,687 22 ,787 45 ,388 1163 ,580 163 ,576 622 ,613 2 ,379 59 ,211 1277 ,021 170 ,436 719 ,582 3 ,696 46 ,418 1419 ,021 186 ,153 835 ,792 3 ,686 36 ,383 1576 ,093 205 ,239 930 ,932 3 ,887 49 ,460 12 13 14 15 16 17 18 19 20 21 Credit market instruments U.S. Govt, securities Savings bonds Other Treasury issues Agency issues 251 ,753 105 ,791 52 ,089 32 ,782 20 ,920 244 ,544 93 ,480 54 ,416 22 ,078 16 ,986 252 ,552 91 ,853 57 ,667 21 ,263 12 ,923 279 ,517 108 ,654 60 ,354 34 ,859 13 ,441 315 ,801 127 ,184 63 ,338 47 ,997 15 ,849 336 ,889 138 ,708 67 ,363 58 ,865 12 ,480 357 ,007 145 ,457 72 ,018 57 ,822 15 ,617 386 ,575 163 ,416 76 ,762 65 ,492 21 ,162 17 18 19 20 21 22 23 24 25 State 8 local obi. Corporate 8 fgn. bonds Open-market paper Mortgages 46 ,019 36 ,164 11 ,682 52,,097 46 ,116 46 ,529 7 ,860 50 ,559 48 ,373 54 ,235 5 ,532 52 ,559 53 ,658 51 ,534 13 ,826 51 ,845 61 ,860 54 ,584 16 ,859 55 ,314 68 ,061 60 ,865 10 ,873 58 ,382 70 ,070 71 ,632 6 ,101 63 ,747 70 ,148 71 ,426 10 ,033 71 ,552 22 23 24 25 26 27 28 Corporate equities Mutual fund shares Other corporate equities 728 ,614 46 ,811 681,,803 832 ,806 55 ,446 777,,360 908 ,704 58 ,926 849,,778 705 ,738 46 ,635 659,,103 498 ,492 35 ,151 463,,341 646 ,903 43 ,034 603,,869 766 ,024 46 ,495 719,,529 723, 422 26 45,,354 27 678, 068 28 29 30 Life insurance reserves Pension fund reserves 130,,703 239,,185 137,,055 275, 595 143,,930 326, 372 151,,278 322,,847 158 ,399 325,,202 166,,483 405,,640 175,,268 467, 203 184, 802 29 513, 753 30 31 Equity in noncorp. business 577, 623 618, 324 682, 931 807, 903 907, 669 1001, 707 1133, 642 1284, 812 31 32 33 Security credit Miscellaneous assets 4, 354 26, 347 4 «886 28, 651 5, 022 31, 319 4, 866 34, 124 3,891 36, 802 4, 468 40, 552 6, 290 46, 004 5, 313 32 52, 943 33 3670, 620 4044, 342 4473, 214 4703, 521 4940, 330 5542, 481 6266,860 6955, 430 34 1036, 334 35 34 Total assets 35 Total liabilities 501, 074 549, 088 616, 355 690, 047 741, 514 794, 719 892, 755 36 37 38 39 40 41 480, 187 290, 179 19, 042 524, 565 314, 931 20, 251 586, 206 353, 183 21, 547 105, 528 37, 595 118, 255 39, 642 133, 173 44, 570 663, 225 397, 019 640 400 155, 108 48, 357 714, 783 431, 849 23, 736 1, 300 164, 594 48, 769 765, 506 469,874 24, 775 2, 700 172, 263 50, 676 856, 653 529, 916 25, 623 4, 700 193, 774 54, 619 6, 943 20, 900 9,213 22, 273 10, 125 23, 608 13, 527 26, 174 15, 151 29, 384 13, 674 31, 544 14, 635 33, 386 17,436 42 35, 716 43 10, 445 5, 324 13, 109 5, 978 17, 537 6, 636 13, 193 7, 253 11, 387 8, 258 12, 113 9, 356 17,201 10,526 18,494 44 11, 684 45 5, 118 5, 436 5, 976 6, 376 7, 086 7, 744 8, 375 9,284 46 3169, 546 3495, 254 3856,859 4013, 474 4198, 816 4747, 762 5374, 105 5919, 096 47 689,842 767, 921 859, 269 997, 517 1137, 714 1233, 086 1415,864 1684, 962 48 42.064 41.010 4 1 . 102 39.800 37. 957 38.105 37.427 36. 795 49 96, 649 100,890 108, 952 121, 757 134, 613 140, 317 152, 061 164, 441 50 Credit market instruments Home mortgages Other mortgages Tax-exempt securities Installment cons, credit Other consumer credit 42 43 44 45 46 Bank loans n.e.c. Other loans Security credit Trade credit Deferred and unpaid life insurance premiums 47 Net worth 996,872 619, 987 26, 730 8, 100 230, 564 58, 339 36 37 38 39 40 41 Memo: 48 Total owner-occ. real estate Home mortgages as per cent of 49 owner-occ. real estate Inventories of nondurable goods, 50 not included in totals above DATA ARE IN MILLIONS OF DOLLARS. APRIL 1986 Households 702 Households Sector Balance Sheets with Tangible Assets at Current Cost P o o p YEAR-END OUTSTANDINGS T< YEAR-END OUTSTANDINGS 1978 1979 1980 1981 1982 1985 1984 1985 Households, Personal Trusts, and Nonprofit Organizations Tangible assets 3077 ,067 3505 ,641 3874 • 877 4257 ,978 4165 ,300 4611 ,845 4891 ,155 5099 ,844 1 2551 ,222 1563 ,035 1527 ,137 35 ,898 167 ,725 820 ,462 2876 ,087 1775 ,372 1734 ,013 41 ,359 175 ,421 925 ,294 3163 ,164 1949 ,347 1902 ,860 46 ,487 193 ,848 1019 ,969 3421 ,915 2113 ,007 2062 ,051 50 ,956 212 ,434 1096 ,474 3427 ,487 2068 ,026 2017 ,467 50 ,559 217 ,772 1141 ,689 3679 ,127 2239 ,050 2185 ,694 53 ,356 233 ,156 1206 ,921 3904 ,847 2365 ,399 2308 ,316 57 ,083 245 ,942 1293 ,506 4083 ,934 2437 ,369 2377 ,797 59 ,572 251 ,392 1395 ,173 2 3 4 5 6 7 525 ,845 488 ,684 37 ,161 629 ,554 589 ,564 39 ,990 711 ,713 666 ,001 45 ,712 836 ,063 783 ,579 52 ,484 737 ,813 685 ,939 51 ,874 932 ,718 874 ,278 58 ,440 986 ,308 923 ,326 62 ,982 1015 ,910 8 951 ,119 9 64 ,791 10 4880 ,825 5643 ,142 6596 ,699 7119 ,067 7705 ,406 8503 ,937 9123 ,929 10100 ,850 11 1749 ,358 228 ,267 996 ,938 10 ,808 85 ,533 1949 ,534 249 ,415 1056 ,944 45 ,214 98,,785 2146 ,411 263 ,902 1140 ,181 74 ,448 142 ,006 2400 ,430 295 ,624 1187 ,120 181 ,910 161 ,733 2625 ,658 311 ,714 1323,,808 206,, 607 158,,753 2896 ,894 350 ,754 1536 ,754 162 ,549 147,,863 3320 ,962 373 ,844 1689 ,159 209,,732 223,,755 3692 ,898 418 ,864 1828,,869 207 ,535 221,,111 12 13 14 15 16 Credit market instruments U.S. Govt, securities Savings bonds Other Treasury issues Agency issues 427 ,812 188 ,859 80,,691 80,,873 27,,295 499,,176 227,,990 79,,876 102,,910 45,,204 525 ,874 242 ,674 72 ,528 118 ,091 52 ,055 574 ,043 273 ,549 68 ,190 146,,586 58,,773 624,,776 279,,657 68,,346 158,,900 52,,411 698,,974 318,,796 71,,485 192,,147 55,,164 824,,472 392,,294 74,,515 236,,633 81,,146 1016,,519 448,,400 79,,777 222,,278 146,,345 17 18 19 20 21 State 8 local obi. Corporate 8 fgn. bonds Open-market paper Mortgages 72,,738 65,,155 18,,136 82,,924 83,,234 63,,933 24, 748 99,,271 89 ,879 52,,904 23,,843 116,,574 101, 444 49,,177 16,,538 133,,335 129,,622 57, 783 14,,211 143, 503 171,,915 52,,482 10, 083 145, 698 213,,586 67, 732 -757 151, 617 312,,043 74,,650 23 26, 170 24 155, 256 25 Corporate equities Mutual fund shares Other corporate equities 740, 959 45, 783 695, 176 892, 353 51, 160 841, 193 1188,,494 63,,455 1125,,039 1134, 708 63, 833 1070, 875 1275, 433 89, 451 1185, 982 1458, 582 129, 291 1329, 291 1493, 014 161, 158 1331, 856 1842, 966 26 293, 564 27 1549, 402 28 Life insurance reserves Pension fund reserves 195, 992 592, 576 206, 692 699, 619 216,,427 859,,006 225, 627 941, 380 232, 799 1121, 503 240, 792 1316, 404 245, 994 1435, 259 253, 845 29 1705, 921 30 1534, 612 1818, 598 2099, 154 2325, 711 2348, 317 2479, 152 2510, 819 2476, 754 31 7, 784 59, 544 9, 613 66, 733 14, 833 72, 374 12, 705 78, 506 16, 400 85, 296 18, 782 93, 331 18, 143 99, 738 18,541 32 109, 925 33 7957,892 9148, 783 10471, 576 11377, 045 11870, 706 13115, 782 14015, 084 15200, 694 34 35 Total liabilities 1208 ,452 1389 ,018 1507 ,905 1633 ,851 1722 ,361 1920 ,574 2156 ,885 2459 ,067 35 36 37 38 39 40 41 1165 ,204 729 ,349 28 ,056 10 ,700 273 ,645 64 ,041 1341 ,718 848 ,698 29 ,559 13 ,600 312 ,024 71 ,102 1450 ,589 944 ,477 31 ,486 16 ,700 301 ,380 74 ,521 1573 ,788 1023 ,029 33 ,781 21 ,100 318 ,230 80 ,267 1655 ,345 1064 ,538 36,,428 29,,600 334,,959 83 ,094 1842 ,792 1174 ,717 38 ,917 41 ,000 383 ,701 91 ,035 2081,,417 1304 ,129 41,,368 50,,971 460,,500 109,,047 2376 ,064 1453 ,325 43 ,770 77 ,527 549 ,903 123 ,211 19,,889 39,,524 20 ,817 45 ,918 27 ,291 54 ,734 31 ,591 65 ,790 33,,488 73,,238 36 ,913 76 ,509 35,,959 79,,443 40 ,9 >9 42 87 ,JL9 43 19,,698 13,,201 20 ,732 14,,876 27 ,219 17 ,158 25 ,518 19,,823 29,,281 22,,220 37 ,699 23,,984 34,,595 25,,765 41,,119 44 27,,974 45 10,,349 11,,692 12 ,939 14,,722 15,,515 16,,099 15,,108 13,,910 46 6749,,440 7759,,765 8963,,671 9743,,194 10148, 345 11195,,208 11858, 199 12741,,627 47 2015, 821 2323, 577 2568,,861 2845,,630 2703, 406 3059,,972 3231, 642 3328,,916 48 36.181 36.525 36.766 35.950 39.377 38 .389 40.354 43.657 49 182, 465 202, 314 218,,426 235, 405 246, 446 263, 525 286, 301 308, 400 50 Reproducible assets Residential structures Owner-occupied housing Nonprofit institutions Nonprofit plant 8 equip. Consumer durables Land Owner-occupied Nonprofit institutions Total financial assets Deposits 8 cr. mkt. instr. Checkable deposits & curr. Small time 8 savings dep. Money market fund shares Large time deposits Equity in noncorp. business Security credit Miscellaneous assets Total assets Credit market instruments Home mortgages Other mortgages Tax-exempt securities Installment cons, credit Other consumer credit 42 43 44 45 46 Bank loans n.e.c. Other loans Security credit Trade credit Deferred and unpaid life insurance premiums 47 Net worth 36 37 38 39 40 41 Memo: 48 Total owner-occ. real estate Home mortgages as per cent of 49 owner-occ. real estate Inventories of nondurable goods. 50 not included in totals above DATA ARE IN MILLIONS OF DOLLARS. APRIL 1986 Farm and Nonfarm Noncorporate Business Page 16 703 Farm and Nonfarm Noncorporate Business Sector Balance Sheets with Tangible Assets at Current Cost YEAR-END OUTSTANDINGS YEAR-END OUTSTANDINGS 1946 1947 1948 1949 1950 1951 1952 1953 Farm Business 92 ,650 100 .763 103 ,923 103 ,919 123 ,313 136 ,901 134 ,589 1 2 3 4 5 Reproducible assets Residential structures Nonres. plant 8 equipment Inventories 41 ,800 13 ,158 9 ,003 19 ,639 48 ,147 15 ,191 11 ,918 21 ,038 50 ,106 16 ,266 14 ,536 19 ,304 49 ,967 16 ,841 16 ,462 16 ,664 59 ,398 17 ,937 19 ,007 22 ,454 65 ,202 18 ,854 21 ,440 • 24 .908 65 ,178 19 ,121 22 ,750 23,,307 64 ,511 19 ,151 23 ,365 21 ,995 2 3 4 5 6 Land 50 ,850 52 ,616 53 ,817 53 ,952 63 ,915 70 ,965 71 ,723 70 ,078 6 7 ,185 8 ,369 8 ,459 8 ,035 8 ,068 8 ,327 8 ,314 8 ,291 7 6 ,400 785 645 140 7 ,500 869 753 116 7 ,500 959 844 115 7 ,000 1 ,035 918 117 7 ,000 1 ,068 949 119 7 ,200 1 ,127 1 ,005 122 7 ,100 1 ,214 1 ,088 126 7 ,000 8 1 ,291 9 1 ,159 10 132 11 99,,835 109 ,132 112 ,382 111,,954 131 ,381 144 ,494 145,,215 142 ,880 12 1 Tangible assets 7 Total financial assets 8 9 10 11 Demand deposits 8 currency Miscellaneous assets Insurance receivables Equity in spons. agencies 12 Total assets 13 Total liabilities 14 15 16 17 18 19 Credit market instruments Mortgages Bank loans n.e.c. Other loans U.S. Government Fed. Inter. Credit Banks 20 Trade debt 21 Net worth Corporate farms 22 Noncorporate farms 23 136 ,167 7,,599 8 ,297 9 ,294 9,,880 11,,221 12,,944 13,,879 13,,562 13 6,,956 4,,897 1,,292 767 391 376 7,,424 5,,064 1,,593 767 283 484 8 ,082 5,,288 1,,946 848 243 605 8 ,474 5,,579 2,.049 846 228 618 9 ,532 6,,071 2,,524 937 244 693 10,,819 6,,651 3,,120 1,,048 199 849 11,,609 7,,236 3,,293 1,,080 213 867 11,,509 7,,737 2,,712 1,,060 445 615 643 873 1, 212 1, 406 1, 689 2,,125 2, 270 2, 053 20 92, 236 6, 457 85, 779 100, 835 7, 058 93, 777 103, 088 7, 216 95, 872 102, 074 7, 145 94, 929 120, 160 8, 411 111, 749 131, 550 9,.208 122,,342 131, 336 9, 194 122, 142 129, 318 21 9, 052 22 120,266 23 14 15 16 17 18 19 Nonfarm Noncorporate Business 121 ,767 138 ,660 149 ,067 152 ,572 165 ,420 175 ,759 179 ,962 184 ,512 1 2 3 4 5 1 Tangible assets Reproducible assets Residential structures Nonres. plant 8 equipment Inventories 82 ,222 54 ,867 18 ,466 8 ,889 95 ,827 62 ,581 ,884 10 ,362 103 ,798 66 ,072 25 ,727 11 ,999 105 ,296 67 ,467 26 ,796 11 ,033 115 ,297 71 ,745 30 ,090 13 ,462 122 ,778 75 ,397 33 ,166 14 ,215 124 ,640 76 ,636 34 ,122 13 ,882 126 ,723 77 ,081 35 ,264 14 ,378 2 3 4 5 6 Land 39 ,545 42 ,833 45 ,269 47 ,276 50 ,123 52,,981 55 ,322 57 ,789 6 14 ,245 15 ,408 16 ,082 16 ,978 18 ,249 19 ,208 19 ,877 20 ,311 7 9 ,737 3 ,600 908 902 6 10 ,101 4 ,237 1 ,070 1 ,060 10 9 ,949 4 ,930 1 ,203 1,,190 13 10 ,315 5 ,360 1,,303 1,,289 14 10 ,538 6 ,318 1,,393 1,,378 15 10,,777 6,,887 1,,544 1,,527 17 10 ,429 7 ,700 1 ,748 1 ,730 18 10 ,377 8 7 ,996 9 1 ,938 10 1 ,919 11 19 12 136,,012 154,,068 165,,149 169,,550 183,,669 194,,967 199 ,839 204 ,823 13 7 Total financial assets 8 9 10 11 12 Demand deposits 8 currency Consumer credit Miscellaneous assets Insurance receivables Equity in spons. agencies 13 Total assets 14 Total liabilities 15 16 17 18 19 20 21 22 23 24 Credit market instruments Mortgages Home mortgages Multi-family Commercial Bank loans n.e.c. Other loans Trade debt, net Trade debt -Trade credit 25 Net worth DATA ARE IN MILLIONS OF DOLLARS. 6,,553 8,,147 9,,615 10,,228 12,, 148 13,,337 14 ,026 14,,891 14 8 ,414 4,,486 659 3,,016 811 9,,629 5,,070 872 3,,275 923 10, 439 5,,810 1.,093 3,,713 1,,004 10, 973 6,,361 1,,031 4, 297 1,,033 12,,979 7,,511 ,428 • 1, 5,,034 1,,049 14, 234 8, 167 ,364 5,,705 1, 098 15,,320 8 ,857 1,,587 6,,128 1,,142 15,,855 9,,207 1,,547 6,,451 1,,209 904 3,,024 1,,263 3,,296 1,,028 3,,601 804 3,808 1,,234 4,,234 1, 472 4, 595 1 ,691 4 ,772 1,,755 20 4,,893 21 -1,861 3,,692 5, 553 -1, 482 4,,382 5,,864 824 5, 110 5, 934 •745 5, 250 5, 995 831 6, 260 7, 091 897 6, 077 6, 974 -1,,294 6,,544 7,,838 964 22 7,,269 23 8,,233 24 129,,459 145, 921 155, 534 159, 322 171, 521 181, 630 185,,813 189,,932 25 15 16 17 18 19 APRIL 1986 Farm and Nonfarm Noncorporate Business 70s Farm and Nonfarm Noncorporate Business Sector Balance Sheets with Tangible Assets at Current Cost Pd.gC YEAR-END OUTSTANDINGS 1*7 YEAR-END OUTSTANDINGS 1954 1955 1956 1957 1958 1959 I960 1961 Farm Business 1 Tangible assets 137 ,453 141,,796 150 ,158 157 ,663 168 ,849 174 ,712 177 ,182 183 ,700 1 2 3 4 5 Reproducible assets Residential structures Nonres. plant 8 equipment Inventories 64 ,257 19 ,342 23,,670 21 ,245 ! 64,,382 19,,639 24,,810 19,,933 65 ,600 19 ,759 25 ,902 19 ,939 67 ,136 19 ,610 26 ,371 21 ,155 68 ,888 19 ,437 26 ,867 22 ,584 68 ,929 19 ,382 27 ,487 22 ,060 70 ,116 19 ,235 27 ,590 23 ,291 70 ,961 19 ,186 27 ,960 23 ,815 2 3 4 5 6 Land 73,,196 77 .414 84 ,558 90 ,527 99 ,961 105 ,783 107 ,066 112 ,739 6 8,,264 8 ,372 8 ,251 8 ,218 8 ,584 7 ,982 7 ,646 7 ,731 7 6,,900 1,,364 1 ,227 137 6,,900 1,,472 1,,324 148 6 ,700 ,551 1 ,390 161 6 ,600 1,,618 1 ,446 172 6 ,900 1 ,684 1 ,502 182 6 ,200 1 ,782 1 ,584 198 5 ,800 1 ,846 1 ,635 211 5 ,800 8 1 ,931 9 1 ,704 10 227 11 145 ,717 150,,168 158 ,409 165,,881 177 ,433 182 ,694 184 ,828 191 ,431 12 7 Total financial assets 8 9 10 11 Demand deposits 8 currency Miscellaneous assets Insurance receivables Equity in spons. agencies 12 Total assets 13 Total liabilities 14,,435 16,,058 16,,982 18 ,274 20 ,078 22 ,433 23 ,623 25 ,322 13 14 15 16 17 18 19 Credit market Instruments Mortgages Bank loans n.e.c. Other loans U.S. Government Fed. Inter. Credit Banks 12 ,281 8 ,246 2 ,862 1 ,173 508 665 13,,723 9,,022 3,,434 1,,267 574 693 14,,581 9,,835 3 ,375 1 ,371 624 747 15 ,638 10 ,397 3 ,759 1 ,482 550 932 17 ,002 11 ,109 4 ,172 1 ,721 565 1 ,156 18 ,934 12 ,101 4 ,866 1 ,967 577 1,,390 19 ,965 12 ,838 5 ,062 2 ,065 564 1 ,501 21 ,558 13 ,917 5 ,305 2 ,336 686 1 ,650 20 Trade debt 2 ,154 2 ,335 2 ,401 2 ,636 3 ,076 3 ,499 3 ,658 3 ,764 20 131 ,282 9 ,190 122,,092 134 ,110 9 ,388 124,,722 141,,427 9 ,900 131,,527 147 ,607 10,,332 137 ,275 157 ,355 11 ,015 146 ,340 160,,261 11 ,218 149,,043 161,,205 11,,284 149,,921 166 ,109 21 11 ,628 154 ,481 23 21 Net worth Corporate farms 22 Noncorporate farms 23 14 15 16 17 18 19 Nonfarm Noncorporate Business 1 Tangible assets 2 3 4 5 Reproducible assets Residential structures Nonres. plant 8 equipment Inventories 6 Land 189,,980 200,,657 212,,549 219,,296 225 ,664 233,,370 240,,944 247 ,608 1 129 ,181 78 ,479 36 ,426 14,,276 136,,513 81,,055 40,,303 15,,155 143 ,112 82,,643 44 ,579 15,,890 146,,705 83,,342 46,,993 16,,370 149 ,568 84 ,562 48 ,120 16 ,886 153,,684 86 ,705 50,,098 16,,881 156,,363 88 ,475 51,,270 16,,618 159 ,364 91,,048 52 ,717 15 ,599 2 3 4 5 60 ,799 64,,144 69 ,437 72,,591 76 ,096 79,,686 84,,581 88,,244 6 21 ,276 22,,187 23,,171 24,,488 25 ,973 26,,332 25,,799 26,,204 7 10 ,907 8 ,236 2 ,133 2 ,113 20 11,,200 8,,704 2,,283 2,,262 21 11,,549 9,,209 2,,413 2,,392 21 12,,356 9,,546 2 ,586 2,,560 26 13 ,641 9 ,623 2 ,709 2 ,677 32 12,,707 10,,729 2,,896 2,,856 40 12,,415 10,,349 3,,035 2,,987 48 12,,515 8 10,,488 9 3,,201 10 3,,144 11 57 12 211 ,256 222,,844 235,,720 2X3,,784 251,,637 259,,702 266,,743 273,,812 13 14 Total liabilities 17 ,370 20,,563 21,,462 23,,078 24,,141 26,,799 28,,623 29,,927 14 15 16 17 18 19 16 ,667 9 ,923 1 ,872 6 ,726 1,,325 18,,410 10,,628 2,,016 7,,142 1,,470 19,,525 10,,865 1,,788 7,,432 1,,645 20,,469 11,,146 1,,671 7,,660 1,815 21,,892 12,,276 1,,823 8 ,422 2,,031 24, 283 13,,534 1,,938 9,,335 2,,261 25,,949 14,,437 1,,697 10,,245 2,,495 28,,212 16,,400 1,,808 11,,785 2,,807 1,,799 4,,945 2,,362 5,,420 2,,956 5,,704 3,,025 6,,298 €• ,433 3,,183 3, 591 7, 158 3,853 7, 659 4,,158 20 7,,654 21 703 8,,877 8,,174 2, 153 10, 060 7, 907 1,,937 10,,988 9,,051 2, 609 10, 987 8, 378 2,,249 11,,626 9,,377 2, 516 10, 750 8, 234 2, 674 11, 228 8, 554 1,,715 22 10,,619 23 8,,904 24 193,,886 202, 281 214, 258 220, 706 227,,496 232, 903 238, 120 243,,885 25 7 Total financial assets 8 9 10 11 12 Demand deposits 8 currency Consumer credit Miscellaneous assets Insurance receivables Equity in spons. agencies 13 Total assets 20 21 22 23 24 Credit market instruments Mortgages Home mortgages Multi-family Commercial Bank loans n.e.c. Other loans Trade debt, net Trade debt -Trade credit 25 Net worth DATA ARE IN MILLIONS OF DOLLARS. 15 16 17 18 19 APRIL 1986 Farm and Nonfarm Noncorporate Business Page i8 703 Farm and Nonfarm Noncorporate Business Sector Balance Sheets with Tangible Assets at Current Cost YEAR-END OUTSTANDINGS YEAR-END OUTSTANDINGS 1962 1963 1964 1965 1966 1967 1968 1969 Farm Business 1 Tangible assets 2 3 4 5 Reproducible assets Residential structures Nonres. plant 8 equipment Inventories 6 Land 7 Total financial assets 8 9 10 11 Demand deposits 8 currency Miscellaneous assets Insurance receivables Equity in spons. agencies 12 Total assets 190 ,936 200 ,378 208 ,669 225 ,280 236 ,207 248 ,881 260 ,969 271 ,878 1 73 ,050 19 ,091 28 ,753 25 ,206 74 ,424 18 ,795 29 ,886 25 ,743 74 ,688 19 ,129 31 ,107 24 ,452 80 ,535 19 ,179 33 ,313 28 ,043 83 ,563 20 ,011 36 ,105 27,,447 87 ,061 20 ,517 38 ,600 27 ,944 93 ,046 22 ,070 41 ,838 29,,138 100 ,811 23 ,387 45 ,609 31 ,815 2 3 4 5 117 ,886 125 ,954 133,,981 144,,745 152,,644 161 ,820 167,,923 171,,067 6 7 ,865 7 ,825 8,,217 8,,497 8,,704 9 ,067 9,, 646 10,,182 7 5 ,900 1,,965 1,,724 241 5 ,700 2,,125 1,,869 256 5,,900 2, 317 2, 038 279 6,,000 2,,497 2,,178 319 6, 000 2,,704 2, 339 365 6,,100 2,,967 2,,553 414 6,,300 3,,346 2,,830 516 6,,400 8 3,,782 9 3,,211 10 571 11 198,801 208,,203 216,886 233, 777 244, 911 257, 948 270,,615 282,,060 12 13 Total liabilities 27,626 31,038 33,827 37,674 41,274 44,377 46,170 48,827 13 14 15 16 17 18 19 Credit market instruments Mortgages Bank loans n.e.c. Other loans U.S. Government Fed. Inter. Credit Banks 23,856 15,193 6,087 2,576 736 1,840 26,406 16,822 6,688 2,896 797 2,099 29,009 18,942 6,959 3,108 861 2,247 32,311 21,187 7,667 3,457 941 2,516 35,504 23,052 8,600 3,852 929 2,923 38,815 25,017 9,300 4,498 1,087 3,411 41,583 27,177 9,718 4,688 1,034 3,654 44,617 28,995 10,328 5,294 1,019 4,275 20 Trade debt 3,770 4,632 4,818 5,363 5,770 5,562 4,587 4,210 20 171,175 11,982 159,193 177,165 12,402 164,763 183,059 12,814 170,245 196,103 13,727 182.376 203,637 14,255 189,382 213,571 14,950 198,621 224,445 15,711 208,734 233,233 21 16,326 22 216,907 23 21 Net worth 22 Corporate farms 23 Noncorporate farms 14 15 16 17 18 19 Nonfarm Noncorporate Business 1 Tangible assets 257 ,071 265 ,372 279 ,761 294 ,810 319 ,046 332 ,654 361 ,384 392 ,319 1 2 3 4 5 Reproducible assets Residential structures Nonres. plant 8 equipment Inventories 165 ,313 94 ,537 54 ,996 15 ,780 170 ,107 97 ,334 57 ,644 15 , 129 180 ,278 104 ,041 61 ,148 15 ,089 191 ,359 109 ,329 66 ,192 15 ,838 207 ,152 118 ,118 72 ,705 16 ,329 218 ,508 123 ,952 77 ,454 17 ,102 242 ,380 139 ,706 85 ,050 17 ,624 267 ,688 155 ,010 94 ,332 18 ,346 2 3 4 5 6 Land 7 Total financial assets 8 9 10 11 12 Demand deposits 8 currency Consumer credit Miscellaneous assets Insurance receivables Equity in spons. agencies 13 Total assets 91 ,758 95 ,265 99 ,483 103 ,451 111 ,894 114 ,146 119 ,004 124 ,631 6 26 ,972 27 ,914 28 ,743 29 ,792 30 ,496 31 ,292 32 ,534 33 ,752 7 12 ,515 ,128 3 ,329 3 ,260 69 12 ,515 11 ,854 3 ,545 3 ,463 82 12 ,515 12 ,429 3 ,799 3 ,704 95 12 ,515 13 ,194 4 ,083 3 ,975 108 12 ,515 13 ,539 4 ,442 4 ,325 117 12 ,515 13 ,933 4 ,844 4 ,716 128 12 ,515 14 ,693 5 ,326 5 ,187 139 12 ,515 8 15 ,239 9 5 ,998 10 5,,846 11 152 12 284,,043 293,,286 308 ,504 324,,602 349 ,542 363,,946 393,,918 426,,071 13 14 Total liabilities 32,,978 36,,162 41,,629 48,,406 53,,357 60,,248 69,,741 83, 771 14 15 16 17 18 19 31,,391 18, 576 1,,805 13, 585 3, 186 35,,891 21,,395 1, 973 15,825 3, 597 42,,240 25,,845 1,,870 19,,095 4,880 49,,706 30,,710 1,,957 21, 846 6, 907 56,,762 34,,728 1,,565 24,,245 8, 918 64,,087 40,,812 2,,031 27, 045 11, 736 73,,217 47,,810 2,,201 29,,449 16,,160 86, 662 57, 602 1, 972 32,.910 22, 720 4, 545 8, 270 5, 178 9, 318 5, 636 10, 759 6, 571 12, 425 7, 937 14, 097 8, 535 14, 740 9, 648 15, 759 11,831 20 17,,229 21 1,587 10, 049 8, 462 271 8, 232 7, 961 •611 7,495 8, 106 -1, 300 6, 630 7, 930 -3, 405 5, 086 8, 491 -3,839 5, 183 9, 022 -3,476 4, 179 7, 655 -2,891 22 5, 219 23 8, 110 24 251, 065 257, 124 266,875 276, 196 296, 185 303, 698 324, 177 342, 300 25 20 21 22 23 24 Credit market instruments Mortgages Home mortgages Multi-family Commercial Bank loans n.e.c. Other loans Trade debt, net Trade debt -Trade credit 25 Net worth DATA ARE IN MILLIONS OF DOLLARS. 15 16 17 18 19 703 Farm and Nonfarm Noncorporate Business APRIL 1986 Farm and Nonfarm Noncorporate Business Sector Balance Sheets with Tangible Assets at Current ,st Page 19 YEAR-END OUTSTANDINGS YEAR-END OUTSTANDINGS 1970 1971 1972 1973 1974 1975 1976 1977 Farm Business 1 Tangible assets 279, 930 302, 190 341, 879 427. 321 466, 032 531, 363 611, 498 675. 716 1 190, 871 35,,656 90, 914 64,,301 200,,563 38,,804 101,,589 60,,170 217,' 664 43, 801 114, 559 59, 304 2 3 4 5 2 3 4 5 Reproducible assets Residential structures Nonres. plant 8 equipment Inventories 104, 302 23, 998 49, 228 31, 076 114, 597 25, 515 53, 641 35, 441 130, 498 27, 165 59, 034 44, 299 161, 539 29, 703 66, 380 65, 456 178, 796 33,.620 82, 745 62, 431 6 Land 175. 628 187, 593 211,,381 265, 782 287,,236 340,,492 410,,935 458,,052 6 10, 786 11,,477 12,,413 13,,256 13,,850 14,,847 16,,273 18,,087 7 6, 515 4, 271 3,,649 622 6,,638 4,,839 4,,147 692 6,,900 5,,513 4,,731 782 7,,100 6,,156 5,,214 942 6,,940 6,,910 5,,762 1,,148 7 ,010 7 ,837 6 ,453 1,,384 6 ,947 9 ,326 7 ,718 1 ,608 7,,035 8 11,,052 9 9,,197 10 1,,855 11 290,,716 313 ,667 354 ,292 440 ,577 479 ,882 546 ,210 627 ,771 693,,803 12 7 Total financial assets 8 9 10 11 Demand deposits 8 currency Miscellaneous assets Insurance receivables Equity in spons. agencies 12 Total assets 13 Total liabilities 14 15 16 17 18 19 Credit market instruments Mortgages Bank loans n.e.c. Other loans U.S. Government Fed. Inter. Credit Banks 20 Trade debt 21 Net worth Corporate farms Noncorporate farms 23 51,,284 55 ,366 61 ,081 69 ,789 77 ,982 87 ,304 98 ,177 112,,471 13 47 ,442 30 ,346 11 ,155 5 ,941 967 4 ,974 51 ,375 32 ,192 12 ,500 6 ,683 1 ,014 5 ,669 56 ,547 35 ,095 14 ,306 7 ,146 1 ,050 6 ,096 65 ,132 39 ,528 17 ,165 8 ,439 1 ,241 7 ,198 73 ,102 44 ,705 18 ,236 10 ,161 1 ,313 8 ,848 81 ,965 49 ,682 20 ,199 12 ,084 2 ,089 9 ,995 92 ,036 55 ,268 23 ,230 13 ,538 2 »226 11 ,312 105 ,448 63 ,458 25 ,729 16 ,261 3 ,502 12 ,759 3 ,842 3 ,991 4 ,534 4 ,657 4 ,880 5 ,339 6 ,141 7 ,023 20 239 ,432 16 ,760 222 ,672 258 ,301 18 ,081 240 ,220 293 ,211 20 ,525 272 ,686 370 ,788 25 ,955 344 ,833 401 ,900 28 ,133 373 ,767 458 ,906 32 ,123 426 ,783 529 ,594 37 ,072 492 ,522 581 ,332 21 40 ,693 22 540,639 23 14 15 16 17 18 19 Nonfarm Noncorporate Business 1 Tangible assets 417. 227 458. 444 517. 207 597, 266 687, 699 741, 703 822, 646 953. 995 1 362, 841 212, 013 126, 814 24,,014 417, 059 246. 015 143. 735 27. 309 481. 259 278. 794 172. 865 29.,600 511,,625 299, 525 184, 819 27,,281 558, 611 333. 078 197, 623 27. 910 632, 947 384, 099 219, 394 29,,454 2 3 4 5 2 3 4 5 Reproducible assets Residential structures Nonres. plant 8 equipment Inventories 288, 539 165, 106 104, 299 19, 134 322, 844 185, 471 115, 702 21,,671 6 Land 128, 688 135,,600 154,,366 180, 207 206, 440 230,,078 264, 035 321,,048 6 35,,395 35,,610 37,,575 40,,219 41, 998 44 ,197 48, 230 50,,788 7 12,,515 16,,198 6,,682 6 ,515 167 12,,515 15,,619 ,476 7 ,296 180 12,,515 16,,590 8 ,470 8 ,278 192 12,,515 18,,249 9,,455 9,,243 212 12,,515 19,,008 10,,475 10,,229 246 12,,515 19 ,934 11 ,748 11 ,461 287 12,,515 21,,837 13,,878 13,,518 360 12,,515 8 21,,837 9 16,,436 10 16,,032 11 404 12 452 ,622 494 ,054 554 ,782 637 ,485 729 ,697 785 ,900 870,,876 1004 ,783 13 7 Total financial assets 8 9 10 11 12 Demand deposits 8 currency Consumer credit Miscellaneous assets Insurance receivables Equity in spons. agencies 13 Total assets 14 Total liabilities 15 16 17 18 19 20 21 22 23 24 Credit market instruments Mortgages Home mortgages Multi-family Commercial Bank loans n.e.c. Other loans Trade debt* net Trade debt -Trade credit 25 Net worth DATA ARE IN MILLIONS OF DOLLARS. 7 97 ,671 115 ,950 144 ,537 174 ,415 195 ,795 210 ,976 229 ,756 260 ,610 14 99 ,492 69 ,976 2 ,087 38 ,683 29 ,206 119 ,696 88 ,166 2 ,965 46 ,740 38 ,461 148 ,227 114 ,449 3 ,548 56 ,660 54 ,241 177 ,729 139 ,776 3 ,122 64 ,461 72 ,193 197 ,835 159 ,097 2 ,800 69 ,961 86 ,336 211 ,942 173 ,198 3 ,531 70 ,069 99 ,598 228 ,476 189 ,081 4 ,779 73 ,937 110 ,365 258 ,145 214 ,578 6 ,377 80 ,350 127 ,851 11 ,297 18 ,219 12 ,022 19 ,508 13 ,267 20 ,511 14 ,408 23 ,545 13 ,436 25 ,302 11 ,416 27 ,328 7 ,811 31 ,584 8 ,731 20 34 ,836 21 - 1 ,821 4 ,802 6 ,623 - 3 ,746 4 ,377 8 ,123 - 3 ,690 5 ,080 8 ,770 - 3 ,314 4 ,755 8 ,069 - 2 ,040 6 ,140 8 ,180 -966 8 ,100 9 ,066 1 ,280 11 ,924 10 ,644 2 ,465 22 15 ,847 23 13 ,382 24 354 ,951 378 ,104 410 ,245 463 ,070 533 ,902 574 ,924 641 ,120 744 ,173 25 15 16 17 18 19 APRIL 1986 Farm and Nonfarm Noncorporate Business Page 20 Farm and Nonfarm Noncorpe 703 Business Sector Balance Sheets with Tangible Assets at Current Cost YEAR-END OUTSTANDINGS YEAR-END OUTSTANDINGS 1978 1979 1980 1982 1981 1983 1984 1985 Farm Business 796 ,638 925 ,191 1018 ,530 1021 ,480 981 ,010 968 ,784 864 ,410 766 ,677 1 2 3 4 5 Reproducible assets Residential structures Nonres. plant 8 equipment Inventories 257 ,222 49 ,624 133 ,912 73 ,686 284 ,944 54 ,431 149 ,838 80 ,675 311 ,152 59 ,241 167 ,397 84,,514 325 ,874 63 ,118 181 ,202 81 ,554 322 ,985 61 ,872 181 ,865 79 ,248 327 ,963 63 ,786 184 ,290 79 ,887 332 ,701 65 ,872 183 ,181 83 ,648 318 ,708 65 ,571 179 ,322 73 ,815 2 3 4 5 6 Land 539 ,416 640 ,247 707,,378 695 ,606 658 ,025 640 ,821 531 ,709 447 ,969 6 20,,154 22 ,226 24,,199 26 ,053 27 ,859 29 ,501 31 ,395 32 ,615 7 7,,137 13 ,017 10,,891 2,,126 7 ,284 14 ,942 12 ,406 2 ,536 7,,390 16 ,809 13,,714 3,,095 7 ,504 18 ,549 14 ,821 3 ,728 7 ,634 20 ,225 16 ,110 4 ,115 7 ,780 21 ,721 17 ,504 4 ,217 7 ,942 23 ,453 19 ,174 4 ,279 8 ,120 8 24 ,495 9 20 ,437 10 4 ,058 11 816 ,792 947 ,417 1042,,729 1047 ,533 1008 ,869 998 ,285 895 ,805 799 ,292 12 1 Tangible assets 7 Total financial assets 8 9 10 11 Demand deposits 8 currency Miscellaneous assets Insurance receivables Equity in spons. agencies 12 Total assets 13 Total liabilities 14 15 16 17 18 19 20 Credit market instruments Mortgages Bank loans n.e.c. Other loans U.S. Government Fed. Inter. Credit Banks Trade debt 21 Net worth Corporate farms 22 Noncorporate farms 23 129,,686 154 ,368 170,,582 192 ,129 199,,330 202 ,685 201 ,418 194 ,317 13 121,,047 71,,610 28,,211 21,,226 7,,009 14,,217 144 ,567 85 ,599 31 ,033 27 ,935 10 ,391 ,544 159,,754 95,,764 31,,566 32,,424 13,,026 19,,398 176 ,363 105 ,801 32 ,920 37 ,642 16 ,420 21 ,222 183 ,208 110,,026 36,,135 37,,047 16,,657 20,,390 187 ,290 112 ,622 38 ,927 35 ,741 16 ,700 19 ,041 187 ,162 111,,637 39 ,907 35,,618 17 ,800 17,,818 180 ,317 107 ,140 38 ,712 34 ,465 19 ,365 15 ,100 8 ,639 9 ,801 10, 828 15 ,766 16,,122 15 ,395 14 ,256 14 ,000 20 687,,106 48,,097 639,,009 793 ,049 55 ,513 737,,536 872,,147 61,,050 811,,097 855 ,404 59 ,878 795 ,526 809,,539 56,,668 752,,871 795 ,600 55,,692 739 ,908 694 ,387 48 ,607 645 ,780 604 ,975 21 42 ,348 22 562 ,627 23 2162,,284 2370,,655 2494,,875 . 1434,,543 883,,410 509,,819 41, 314 2 3 4 5 17 14 15 16 17 18 19 Nonfarm Noncorporate Business 1 Tangible assets 1136,,511 1353,,885 1587,,847 1857,,278 1954,,022 2 3 4 5 Reproducible assets Residential structures Nonres. plant 8 equipment Inventories 742,,235 448,,918 260,,593 32,,724 867,,662 540,,884 291,,896 34,,882 998,,747 628,,290 336,,461 33,,996 1135,,583 710,,350 391,,737 33,,496 1176,,709 722,,790 420, 209 33,,710 1245,,794 767,,320 442,,001 36, 473 1351,,700 834,,685 476,,720 40, 295 6 Land 394,,276 486,,223 589,,100 721,,695 777,,313 916, 490 1018, 955 1060, 332 6 55,,804 61,,036 64,,294 69,,851 73,,512 80, 486 91, 462 101, 573 7 12,,515 23,,841 19,,448 18,,917 531 12,,515 26,,073 22,,448 21,,805 643 12,,515 26, 745 25,,034 24,,279 755 12,,515 30,,166 27,,170 26,,334 836 12,,515 31,,770 29, 227 28,,362 865 12,,515 36,,429 31,,542 30, 701 841 12, 515 44, 456 34, 491 33, 630 861 12, 515 8 52, 583 9 36, 475 10 35, 643 11 832 12 1192,,315 1414,,921 1652,,141 1927,,129 2027, 534 2242,,770 2462, 117 2596,,448 13 296,,712 333,,859 364,,084 396,,944 432, 088 503,,526 597,,078 682,,321 14 291,,159 243,,337 6 ,736 88,,792 147,,809 328,,208 273,,727 6,,126 96 ,366 171,,235 359,,295 294,,589 5,,346 100,,515 188,,728 393,,232 313,,960 4,,553 99,,659 209,,748 430,,733 340,,464 5,,066 104,,005 231,,393 501,,489 401, 996 8, 442 115,,039 278, 515 591,,727 481, 855 8,,600 135,,161 338,,094 674,,647 563,.498 8,,887 160,,578 394,,033 8,,987 38,,835 9 ,499 44,,982 12,,915 51, 791 18,,968 60,,304 26,,284 63,,985 27,,943 71,,550 30,,372 79,,500 28,,142 20 83,,007 21 5 ,553 17,,794 12,,241 5,,651 21,,739 16 ,088 4,,789 23,,327 18, 538 3,,712 21,,318 17,,606 1,,355 18,,282 16,,927 2,,037 16,,549 14,,512 5,,351 14,,036 8,,685 7,,674 22 10,,541 23 2,,867 24 895,,603 1081,,062 1288,,057 1530,,185 1595,,446 1739,,244 1865,,039 1914,,127 25 7 Total financial assets 8 9 10 11 12 Demand deposits 8 currency Consumer credit Miscellaneous assets Insurance receivables Equity in spons. agencies 13 Total assets 14 Total liabilities 15 16 17 18 19 20 21 22 23 24 Credit market instruments Mortgages Home mortgages Multi-family Commercial Bank loans n.e.c. Other loans Trade debt, net Trade debt -Trade credit 25 Net worth DATA ARE IN MILLIONS OF DOLLARS. 15 16 17 18 19 APRIL 1986 Nonfinancial Corporate Business 705 Nonfinancial Corporate Business Sector Balance Sheets with Tangible Assets at Current Cost q YEAR-END OUTSTANDINGS YEAR-END OUTSTANDINGS 1946 1947 1948 1949 1950 1951 1952 1953 Nonfinancial Corporate Business 1 Tangible assets (current cost) 2 5 4 5 Reproducible assets Residential structures Nonres. plant 8 equipment Inventories 6 Land 7 Total financial assets 168 ,746 201 ,369 223 ,968 229 ,646 259 ,057 289 ,338 305 ,376 322 ,385 1 146 ,654 3 ,416 102 ,828 40 ,410 176 ,084 3 ,932 123 ,675 48 ,477 196 ,229 4 ,219 138 ,191 53 ,819 199 ,964 4 ,385 146 ,192 49 ,387 226 ,442 4 ,725 161 ,498 60 ,219 253 ,337 4 ,981 178 ,656 69 ,700 266 ,376 5 ,069 190 ,493 70 ,814 279 ,398 5 ,113 201 ,575 72 ,710 2 3 4 5 22 ,092 25 ,285 27 ,739 29 ,682 32 ,615 36 ,001 39 ,000 42 ,987 6 67 ,420 76 ,167 81 ,670 85 ,601 102 ,421 110 ,491 115 ,957 119 ,052 7 8 9 10 11 12 13 14 15 Liquid assets Demand deposits 8 currency Time deposits Security RP's Foreign deposits U.S. Government securities State 8 local obligations Open-market paper 33 ,594 19 ,502 900 35 ,155 21 ,434 900 36 ,256 21 ,861 900 39 ,260 22 ,903 900 43 ,844 24 ,222 900 46 ,437 25 ,859 900 46 ,271 26 ,641 900 68 12 ,779 313 32 51 12 ,291 350 129 10 12 ,853 452 180 10 14 ,697 485 265 57 17 ,870 652 143 91 18 ,653 844 90 75 17 ,647 813 195 48 ,013 8 26 ,550 9 900 10 11 114 12 19 ,240 13 1 ,005 14 204 15 16 17 18 19 20 21 22 Consumer credit Trade credit Miscellaneous assets Foreign direct investment Insurance receivables Equity in spons. agencies Other 1 ,412 24 ,488 7 ,926 7 ,227 676 1 ,857 29 ,816 9 ,339 8 ,366 956 2 ,210 32 ,295 10 ,909 9 ,625 1 ,192 2 ,530 31 ,587 12 ,224 10 ,700 1 ,383 3 ,076 42 ,098 13 ,403 11 ,788 1 ,418 3 ,463 45 ,716 14 ,875 12 ,979 1 ,548 4 ,007 48 ,910 16 ,769 14 ,721 1 ,666 4 ,188 48 ,142 18 ,709 16 ,253 1 ,786 23 Total assets 24 Total liabilities 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 Credit market debt Tax-exempt bonds Corporate bonds Mortgages Home mortgages Multi-family Commercial Bank loans n.e.c. Commercial paper Acceptances Nonbank finance loans U.S. Government loans Profit taxes payable Trade debt Foreign direct inv. in U.S. 40 Net worth Debt-net worth ratio (25/40) 41 16 17 18 19 20 21 23 17 92 141 197 348 382 236 ,166 277 ,536 305 ,638 315 ,247 361 ,478 399 ,829 421 ,333 441,,437 23 80 ,760 93 ,864 102 ,653 101 ,864 124 ,884 139 ,061 144 ,897 149,,710 24 49 ,459 56 ,714 62 ,844 64 ,623 71 ,342 79 ,636 86 ,800 24 ,417 10 ,215 659 2 ,254 7,, 302 27 ,207 11 ,694 872 2 ,512 8 ,310 31 ,407 13 ,074 1 ,093 2 ,949 9 ,032 34 ,210 13 ,861 ,031 3 ,532 9,,298 35 ,734 15 ,135 1 ,428 4 ,267 9 ,440 38 ,929 16 ,179 1 ,364 4 ,937 9 ,878 43 ,614 17 ,215 1 ,587 5 ,353 10 ,275 46,,970 18,,101 ,547 5,,670 10,,884 12,,822 137 95 1,,280 493 15 ,867 172 93 1 ,156 525 16,,393 166 95 1 ,198 511 14,,581 162 107 1,,064 638 18 ,375 207 137 1 ,138 616 22 ,117 269 156 1,,352 634 22 ,984 331 167 1,,834 655 22,,412 402 188 1,,960 953 8,,807 19,,991 2,,503 11,,264 23,,283 2,,603 12,,118 24,,904 2,,787 9,,738 24,,562 2,,941 17,,252 32,,899 3,,391 21,,922 33,,845 3,,658 18,,672 35,,480 3,,945 19, 271 37 35, 202 38 4, 251 39 155,,406 31,,825 183,,672 30,,877 202,,985 30,,959 213,,383 30,,284 236,,594 30,,153 260,,768 30,,539 276,,436 31.399 291, 727 40 31.,188 41 83,,210 59*438 84,,922 66.783 83.,862 74.937 92,,205 70*086 116,,647 61.160 138,,250 57.602 149,,941 57.889 144, 776 42 62,,846 43 670 90,,986 25 26 27 28 29 30 31 32 33 34 35 36 Memo: 42 43 Market value of equities. Including corp. farm equities Debt-equity ratio (25/42) Net worth of corporate farms, from farm sector table Ratio of market value To net worth (%) (42/40) 45 44 6, 457 7,,058 7, 216 7, 145 8, 411 9, 208 9, 194 9, 052 44 53.543 46.235 41. 314 43.,211 49.302 53.016 54.240 49.627 45 Tangibles and net worth on historical cost basis: 46 Tangible assets 47 48 49 50 Reproducible assets Residential structures Nonres. plant 8 equipment Inventories 51 Land 249, 709 133, 604 149, 148 154, 658 174, 438 196,820 210, 204 226, 060 46 241, 436 1, 700 68, 771 170, 965 125, 029 1,800 78, 544 44, 685 140, 329 1, 963 89, 476 48,890 145, 645 2, 129 98, 203 45, 313 165, 131 2, 314 107, 716 55, 101 187, 192 2, 422 119, 918 64,852 200,837 2, 519 132, 216 66, 102 216, 141 2, 627 145, 603 67, 911 47 48 49 50 8, 273 8 , 575 8, 819 9, 013 9, 307 9, 628 9, 367 9, 919 51 52 Total assets 317, 129 209, 771 230,818 240, 259 276, 859 307, 311 326, 161 345, 112 52 53 Net worth Debt-net worth ratio (25/53) 54 236, 369 20.924 115, 907 48. 930 128, 165 49.033 138, 395 46. 694 151, 975 46.943 168, 250 47.331 181, 264 47.885 195, 402 53 46.563 54 DATA ARE IN MILLIONS OF DOLLARS. APRIL 1986 Nonfinancial Corporate Business Page 22 NonfInancial Corporate Business Sector Balance Sheets with Tangible Assets at Current Cost YEAR-END OUTSTANDINGS YEAR-END OUTSTANDINGS Nonfinancial Corporate Business 1 Tangible assets (current cost) 2 3 4 5 Reproducible assets Residential structures Nonres. plant 8 equipment Inventories 6 Land 7 Total financial assets 335 ,722 367 ,317 410 ,238 439 ,521 453 ,142 476 ,880 493 ,209 508,781 1 287 ,429 5 ,206 210 ,965 71 ,258 314 ,382 5 ,359 230 ,103 78 ,920 349 ,921 5 ,462 257 ,504 86 ,955 371 ,645 5 ,542 277 ,332 88 ,771 378 ,522 5 ,750 285 ,999 86 ,773 396 ,473 6 ,076 297 ,664 92 ,733 407 ,705 6 ,348 305 ,767 95 ,590 417,655 6,758 313,132 97,765 2 3 4 5 48 ,293 52 ,935 60 ,317 67 ,876 74 ,620 80 ,407 85 ,504 91,126 6 124 ,627 142 ,089 147 ,210 151 ,876 163 ,502 178 ,716 181 ,736 194,579 7 8 9 10 11 12 13 14 15 Liquid assets Demand deposits 8 currency Time deposits Security RP's Foreign deposits U.S. Government securities State 8 local obligations Open-market paper 48 ,373 28 ,329 1 ,100 53 ,428 29 ,282 1 ,000 48 ,893 28 ,990 1 ,000 48 ,458 29 ,024 1 ,000 50 ,992 30 ,083 1 ,900 56 ,185 29 ,196 ,500 51 ,429 28 ,243 3 ,000 158 17 ,523 972 291 129 21 ,581 1 ,219 217 138 17 ,118 1 ,342 305 131 16 ,389 1 ,479 435 149 16 ,692 1 ,958 210 132 22 ,821 1 ,794 742 148 16 ,868 2 ,382 788 54,837 8 31,673 9 4,100 10 11 236 12 15,344 13 2,395 14 1,089 15 16 17 18 19 20 21 22 Consumer credit Trade credit Miscellaneous assets Foreign direct investment Insurance receivables Equity in spons. agencies Other 4 ,397 51 ,663 20 ,194 17 ,631 1 ,866 5 ,123 67 ,333 25 ,861 22,>505 2,>393 13 950 5 ,133 68 ,973 29 ,312 25 ,394 2,,965 32 921 5 ,439 75 ,221 31,,850 27 ,409 3,,511 38 892 6 ,257 81 ,247 35 ,027 29 ,827 4 ,081 51 1 ,068 6 ,235 85 ,699 38 ,373 31 ,865 4 ,672 72 1 ,764 6,346 91,524 41,872 34,717 5,134 80 1,941 591,>397 616,>644 655 ,596 674,,945 703,360 23 697 4 ,881 61 ,466 22,,314 19 >395 2,,034 2 883 23 Total assets 460,,349 509,,406 557, 443 24 Total liabilities 154,>062 175, 693 188,.949 198, 481 208, 481 227,>041 238,>908 255,294 24 95,>885 104,.218 114,800 124,.651 133, 164 143, 547 154,>259 50, 449 19,.732 1,872 5, 939 11, 921 53, 286 21, 598 2, 016 6, 348 13, 234 56, 901 23, 225 1, 788 6, 652 14,805 63, 217 24,857 1, 671 6,855 16, 331 68, 901 27, 714 1,823 7, 611 18,280 71,.856 30, 800 1, 938 8 -518 20, 344 75,.312 33,.442 697 9,289 22, 456 165,054 25 26 79,952 27 37,429 28 1,808 29 10,363 30 25,258 31 25 26 27 28 29 30 31 Credit market debt Tax-exempt bonds Corporate bonds Mortgages Home mortgages Multi-family Commercial 16 17 18 19 20 21 22 32 33 34 35 36 Bank loans n.e.c. Commercial paper Acceptances Nonbank finance loans U.S. Government loans . 21,845 531 301 2, 806 25, 651 362 166 2, 471 684 30, 766 378 245 2, 603 682 32, 037 422 309 3, 068 741 31, 701 658 291 3, 147 752 35, 507 315 296 3, 994 779 37, 905 769 417 5, 558 856 39,335 1,094 447 5,875 922 37 38 39 Profit taxes payable Trade debt Foreign direct inv. in U.S. 15, 988 37, 556 4, 633 20, 085 46, 314 5, 076 18, 102 50, 588 5,459 15, 971 52, 149 5, 710 13, 378 55,824 6, 115 15,817 61, 073 6, 604 13, 615 64, 124 6, 910 14,995 37 67,853 38 7,392 39 40 Net worth 41 Debt-net worth ratio (25/40) 306,287 31. 305 333, 713 31.229 368, 499 31. 153 392, 916 31. 724 408, 163 32. 625 428, 555 33..495 436, 037 35.377 448,066 40 36,836 41 Market value of equities, including corp. farm equities Debt-equity ratio (25/42) 216,033 44.384 269,173 38.717 289,169 39.699 242,470 51,408 342,082 38.927 361,299 39. 730 354,114 43.561 428,294 42 38*537 43 42 43 Net worth of corporate farms, from farm sector table Ratio of market value 45 To net worth (%) (42/40) 44 32 33 34 35 36 9,190 9,388 9,900 10,332 11,015 11,218 11,284 11,628 44 70.532 80*660 78,472 61,710 83.810 84.306 81.211 95,587 45 Tangibles and net worth on historical cost basis: 46 Tangible assets 236,,438 256,,302 281,919 302 ,897 313 ,898 335,>052 354 ,625 372 ,784 46 47 48 49 50 Reproducible assets Residential structures Nonres. plant 8 equipment Inventories 226,>174 2,>732 157,>140 66,>302 245,>383 2,>847 169,.571 72,>965 269,788 2,959 186,287 80,542 290 ,021 3,,107 204,,323 82,,591 299 ,508 3 ,392 215 ,807 80,,309 319,.055 3,.771 228, 835 86, 449 337 ,109 4 ,104 243 ,555 89,,450 353 ,214 4 ,573 256 ,541 92 ,100 51 Land 47 48 49 50 10,>264 10,.919 12,131 12, 876 14,,390 15, 997 17,>516 19,,570 51 52 Total assets 361,.065 398, 391 429,129 454,>773 477,,400 513, 768 536,>361 567,,363 52 53 Net worth 54 Debt-net worth ratio (25/53: 207,.003 46.320 222, 698 46.797 240,180 47.797 256, 292 48,636 268,>919 49,518 286, 727 50. 063 297,>453 51* ,859 312,>069 53 52,890 54 DATA ARE IN MILLIONS OF DOLLARS. APRIL 1986 Nonfinancial Corporate Business 705 Nonfinanclal Corporate Business Sector Balance Sheets with Tangible Assets at Current Cost YEAR-END OUTSTANDINGS R-ENb^ftsTANdL 1963 1965 1966 Nonfinancial Corporate Business 1 Tangible assets (current cost) 527 ,068 547 ,341 575 ,984 617 ,322 677 ,610 726 ,638 789 ,967 865 ,812 1 2 3 4 5 Reproducible assets Residential structures Nonres. plant 8 equipment Inventories 434 ,026 7 ,361 323 ,884 102 ,781 452 ,326 8 ,014 335 ,633 108 ,679 477 ,878 8 ,984 353 .116 115 ,778 515 ,965 9 ,804 380 ,964 125 ,197 572 ,599 10 ,891 420 ,267 141 ,441 621 ,393 11 ,650 457 ,368 152 ,375 684 ,696 13 ,681 506 ,007 165 ,008 756 ,887 15 ,898 558 ,739 182 ,250 2 3 4 5 6 Land 7 Total financial assets 93 ,042 95 ,015 98 ,106 101 ,357 105 ,011 105 ,245 105 ,271 108 ,925 6 206 ,589 222 ,245 237 ,055 258 ,795 272 ,297 288 ,562 319 ,227 351 ,082 7 63 ,176 33 ,053 8 ,993 593 781 13 ,786 4 ,600 1 ,370 61 ,326 32 ,371 8 ,603 895 885 12 ,081 3 ,639 2 ,852 63 ,095 34 ,817 9 ,682 670 1 ,055 9 ,619 3 ,300 3 ,952 68 ,569 37 ,531 9 ,056 1 ,121 1 ,587 10 ,393 3 ,782 5 ,099 69 ,008 43 ,122 3 ,652 3 ,311 1 ,173 7 ,322 2 ,800 7 ,628 8 9 10 12 13 14 15 10 ,829 186 ,144 85 .101 63 >704 9 >935 225 11,>237 16 17 18 19 20 21 22 8 9 10 11 12 13 14 15 Liquid assets Demand deposits 8 currency Time deposits Security RP's Foreign deposits U.S. Government securities State 8 local obligations Open-market paper 57 ,937 34 ,564 5 ,000 61 ,337 33 ,427 5 ,687 790 13 ,582 2 ,697 1 ,304 731 16 ,736 3 ,787 969 61 ,670 32 ,738 6 ,671 309 1 ,097 15 ,481 3 ,680 1 ,694 16 17 18 19 20 21 22 Consumer credit Trade credit Miscellaneous assets Foreign direct investment Insurance receivables Equity in spons. agencies Other 7 ,031 96 ,131 45 >490 37 • 276 5 > 684 90 2 >440 7 ,839 102 >586 50,,483 40,,736 6 ,031 90 3,,626 8 ,726 111 ,177 55 ,482 44 ,480 6,,350 91 ,561 . 4, 9 ,637 124 ,481 61 ,501 49,,283 6,,766 97 5,,355 10 ,013 136 ,652 64 ,306 51,,007 7,,331 120 5,,848 10 ,315 144 ,964 70,,188 55,,329 7,,999 134 6,,726 10 ,406 163 ,513 76 ,739 58 ,547 8 ,788 160 9 >244 813,,039 876,,117 949,,907 1015,,200 1109,>194 1216,,894 23 23 Total assets 733,,657 769,,586 24 Total liabilities 272,, 125 294,,498 315,,334 348,,708 382,,303 411,,203 459,,246 506,,688 24 25 26 27 28 29 30 31 177,,458 190,,240 202, 988 221, 576 244,,054 269, 455 296,,526 84,,501 41, 888 1,805 11, 413 28, 670 88,,414 46, 751 1, 973 12, 403 32, 375 92, 408 49, 443 1.870 13, 657 33, 916 97, 800 51. 645 1, 957 14, 522 35, 166 108,, 024 54, 492 1, 565 15. 247 37. 680 122. 682 56, 555 2, 031 16. 050 38, 474 135,,575 58,,824 2,,201 17, 082 39. 541 325, 464 25 26 147, 550 27 58, 002 28 1, 972 29 18, 551 30 37, 479 31 42, 643 1, 198 449 5, 644 1, 135 46. 316 968 332 6, 276 1, 183 51, 290 1, 125 382 6, 958 1, 382 61, 627 797 445 7, 586 1, 676 69,822 1, 622 531 7, 521 2, 042 77, 068 3, 034 652 7, 231 2, 233 86, 456 4. 249 787 8, 978 1, 657 15, 941 71, 114 7, 612 17, 508 78,806 7, 944 18, 007 85, 976 8, 363 20, 169 98, 166 8, 797 20, 374 108,821 9, 054 15, 647 116, 178 9, 923 18, 508 133, 397 10,815 15, 202 37 154, 204 38 11,818 39 40 Net worth 41 Debt-net worth ratio (25/40) 461, 532 38.449 475, 088 40,043 497, 705 40. 784 527, 409 42. 012 567, 604 42. 997 603, 997 44. 611 649, 948 45.623 710, 206 40 45.826 41 Market value of equities, including corp. farm equities Debt-equity ratio (25/42) 389,171 45.598 456,076 41.712 509,516 39.839 553,720 40*015 504,221 48.402 651,771 41.341 736,974 40.235 646,923 42 50.309 43 84 .321 95,.998 102.373 104.988 88 .833 107,,909 113.389 91.089 45 32 33 34 35 36 37 38 39 42 43 Credit market debt Tax-exempt bonds Corporate bonds Mortgages Home mortgages Multi-family Commercial Bank loans n.e.c. Commercial paper Acceptances Nonbank finance loans U.S. Government loans Profit taxes payable Trade debt Foreign direct inv. in U.S. Net worth of corporate farms, from farm sector table Ratio of market value To net worth (%) (42/40) 45 98, 325 5, 356 1, 141 13, 316 1, 774 32 33 34 35 36 44 Tangibles and net worth on historical cost basis: 46 Tangible assets 394 ,837 418 ,173 445 >602 482 ,941 531 ,893 574. 619 620,,903 678,,205 46 47 48 49 50 Reproducible assets Residential structures Nonres. plant 8 equipment Inventories 373 ,409 5 ,232 270 ,794 97 ,383 394 ,887 6 ,067 285 ,646 103 .174 420,,328 6,,915 303,,428 109,,985 455,,091 7,,717 327,,914 119,,460 501 ,694 8 ,412 357 ,939 135 ,343 542. 245 9. 013 386, 579 146, 653 586,,239 10, 117 418, 144 157, 978 639,,283 11,,623 454, 386 173,,274 51 Land 47 48 49 50 21 ,428 23 >286 25,,274 27,,850 30 ,199 32, 374 34. 664 38,,922 51 52 Total assets 601 ,426 640 .418 682,,657 741,,736 804 ,190 863, 181 940, 130 1029, 287 52 53 Net worth 54 Debt-net worth ratio (25/53) 329 ,301 53 .889 345,>920 54.995 367,,323 55.261 393, 028 56.376 421 ,887 57.848 451, 978 59, 616 480, 884 61. C " 522, 599 53 62.277 54 DATA ARE IN MILLIONS OF DOLLARS. APRIL 1986 Nonfinancial Corporate Business Page 24 705 Nonfinancial Corporate Business Sector Balance Sheets with Tangible Assets at Current Cost YEAR-END OUTSTANDINGS YEAR-END OUTSTANDINGS 1972 Nonfinancial Corporate Business 1 Tangible assets (current cost) 934 ,953 1008 ,425 1089 ,252 1231 ,514 1521 ,038 1651 ,681 1805 ,605 2004,344 1 2 3 4 5 Reproducible assets Residential structures Nonres. plant 8 equipment Inventories 823 ,377 17 ,516 615 ,785 190 ,076 893 ,870 20 ,200 672 ,937 200 ,733 966 ,298 21 ,261 727 ,758 217 ,279 1096 ,153 23 ,042 813 ,295 259 ,816 1362 ,786 24 ,914 1006 ,557 331 ,315 1487 ,304 25 ,837 1124 ,220 337 ,247 1627 ,296 27 ,616 1224 ,508 . 375,172 1803,382 30,309 1356,144 416,929 2 3 4 5 6 Land 111 ,576 114 ,555 122 ,954 135 ,361 158 ,252 164 ,377 178 ,309 200,962 6 369 ,629 406 ,018 455 ,479 526 ,035 516 ,678 557 ,625 611 ,929 671,714 7 69 ,494 44 ,059 5 ,347 234 798 7 ,492 2 ,175 9 ,389 78 ,819 42 ,581 9 ,509 1 ,077 1 ,234 9 ,968 3 ,175 11 ,275 88 ,015 44 ,938 11 ,890 2 ,688 2 ,172 7 ,917 4 ,175 14 ,235 100 ,960 46 ,315 16 ,623 11 ,262 3 ,329 4 ,517 4 ,038 14 ,876 105 ,407 47 ,772 20 ,464 5 ,485 4 ,946 5 ,566 4 ,654 16 ,520 125 ,170 53 ,927 22 ,351 4 ,731 5 ,772 14 ,281 4 ,481 19 ,627 139 ,778 56 ,365 24 ,413 7 ,048 7 ,441 16 ,421 3 ,419 24 ,671 143,441 59,207 29,215 8,256 8,742 10,026 3,468 24,527 8 9 10 11 12 13 14 15 11 ,430 194 ,621 94 ,084 70 ,269 10,,831 336 12,,648 13 ,587 207 ,528 106,,084 76 ,388 11,,878 359 17,,459 14 ,032 234 ,173 119 ,259 81 ,503 13 ,729 377 23 ,650 14 ,929 273 ,544 136 ,602 91 ,715 15 ,689 396 28 ,802 15 ,459 250 ,336 145 ,476 100,,364 17,,816 413 26,,883 16 ,045 256 ,274 160 ,136 114 ,140 20 ,043 423 25 ,530 17 ,275 275 ,654 179 ,222 126 ,583 23 ,424 460 28 ,755 19,377 310,874 198,022 135,382 27,833 539 34,268 16 17 18 19 20 21 22 1304,,582 1414,,443 1544 ,731 1757,,549 2037,,716 2209,,306 2417,,534 24 Total liabilities 541,,502 581,,374 636 ,870 732 ,559 743,,430 770,,907 834,,742 930,291 24 25 26 27 28 29 30 31 355,,016 167,,306 58,,852 2,,087 19,,750 37,,015 380,,130 86 186,,113 61,,337 2, 965 21.,672 36,,700 412 ,511 634 198,,300 64 ,105 3,,548 24,,457 36,,100 461,,274 2,,430 207,,459 65,,936 3,,122 26,,914 35,,900 527,,440 4,,078 227, 129 66, 808 2, 800 28, 308 35, 700 548 ,475 6,,678 254,,333 65,,929 3, 531 28,,798 33,,600 591,,468 9,,163 277,,164 68,,329 4,,779 29,,950 33, 600 662,619 17,377 300,041 71,851 6,377 31,974 33,500 25 26 27 28 29 30 31 104,,169 7,,133 1,545 13, 952 2, 059 108,,321 6, 247 1,,809 14, 613 1, 604 120,,636 6,,968 1,,836 18, 187 1,,845 150, 282 8, 382 2, 368 22, 279 2, 138 181, 510 12, 513 3, 623 28, 112 3, 667 172, 362 9, 616 3, 790 31,894 3,873 176, 312 11, 049 5, 082 40, 313 4, 056 197,013 12,808 5,721 53,782 4,026 32 33 34 35 36 11, 472 161, 744 13, 270 13, 345 173, 985 13, 914 13, 253 196, 238 14,868 15, 631 235, 098 20, 556 16, 717 174, 129 25, 144 14, 312 180, 458 27, 662 21, 796 190, 708 30, 770 20,251 37 212,826 38 34,595 39 40 Net worth 41 Debt-net worth ratio (25/40) 763, 080 46*524 833, 069 45. 630 907, 861 45.437 1024, 990 45.002 1294, 286 40. 751 1438, 399 38*130 1582, 792 37. 368 1745,767 40 37*955 41 Market value of equities, including corp. farm equities Debt-equity ratio (25/42) 649, 394 54. 668 760, 472 49. 986 858 338 48.059 680, 978 67.736 501, 324 105. 209 690, 032 79.485 797, 400 74. 174 756,841 42 87,550 43 16, 760 18, 081 20, 525 25, 955 28, 133 32, 123 37, 072 40,693 44 85.101 91. 285 94.545 66. 437 38.733 47.972 50.379 43.352 45 7 Total financial assets 8 9 10 11 12 13 14 15 Liquid assets Demand deposits & currency Time deposits Security RP's Foreign deposits U.S. Government securities State 8 local obligations Open-market paper 16 17 18 19 20 21 22 Consumer credit Trade credit Miscellaneous assets Foreign direct investment Insurance receivables Equity in spons. agencies Other 23 Total assets 32 33 34 35 36 37 38 39 42 43 Credit market debt Tax-exempt bonds Corporate bonds Mortgages Home mortgages Multi-family Commercial Bank loans n.e.c. Commercial paper Acceptances Nonbank finance loans U.S. Government loans Profit taxes payable Trade debt Foreign direct inv. in U.S. Net worth of corporate farms, from farm sector table Ratio of market value 45 To net worth (%) (42/40) 44 2676,058 23 Tangibles and net worth on historical cost basis: 46 Tangible assets 724,,691 769 ,831 828,,166 919,,113 1046,,073 1111,,612 1211 ,128 1334,403 46 47 48 49 50 Reproducible assets Residential structures Nonres. plant 8 equipment Inventories 684, 117 13, 004 488, 550 182, 563 727 ,322 14 ,663 521 ,246 191 ,413 782,,786 14,,736 560,,625 207,,425 869,,215 14,,892 612,,359 241,,964 992,,286 14,,950 673,,618 303,,718 1056, 647 14, 900 730, 757 310, 990 1154,,649 14,,917 794,,641 345,,091 1274,988 15,069 876,462 383,457 51 Land 52 Total assets 53 Net worth 54 Debt-net worth ratio (25/53) DATA ARE IN MILLIONS OF DOLLARS. 47 48 49 50 40, 574 42 ,509 45,,380 49,,898 53, 787 54, 965 56,,479 59,415 51 1094, 320 1175 ,849 1283,,645 1445, 148 1562, 751 1669, 237 1823,,057 2006,117 52 552, 818 64. 219 594 ,475 63.943 646, 775 63,,779 712, 589 64.732 819, 321 64.375 898, 330 61.,054 988,,315 59.846 1075,826 53 61.591 54 APRIL 1986 Nonfinancial Corporate Business 705 Nonfinancial Corporate Business Sector Balance Sheets with Tangible Assets at Current Cost Page 25 YEAR-END OUTSTANDINGS YEAR-END OUTSTANDINGS 1978 1979 1980 1981 1982 1983 1984 1985 Nonfinancial Corporate Business Reproducible assets Residential structures Nonres. plant & equipment Inventories 6 Land 7 Total financial assets il 1 Tangible assets (current cost) 2 3 4 5 2311 ,049 2618 ,467 2988 ,346 3370 2076 ,158 33 ,513 1560 ,828 481 ,817 2351 ,545 36 ,711 1755 ,579 559 ,255 2670 ,714 39 ,527 2010 ,371 620 ,816 2992 ,933 41 ,979 2277 ,016 673 ,938 234 ,891 266 ,922 317 ,632 377 ,907 422 ,209 464 ,744 512 ,013 526 ,705 6 764 ,433 888 ,605 994 ,422 1061 ,039 1086 ,224 1209 ,733 1293 ,040 1356 ,725 7 3528 ,874 3658 ,128 3894 ,784 4024 ,637 1 3106 ,665 41 ,249 2406 ,915 658 ,501 3193 ,384 43 ,035 2477 ,621 672 ,728 3382 ,771 45 ,370 2602 ,894 734 ,507 3497 ,932 46 ,762 2709 ,230 741 ,940 2 3 4 5 8 9 10 11 12 13 14 15 Liquid assets Demand deposits 8 currency Time deposits Security RP' s Foreign deposits U.S. Government securities State & local obligations Open-market paper 159 ,211 62 ,958 31 ,174 13 ,729 11 ,401 11 ,538 3 ,658 24 ,753 181 ,393 69 ,244 35 ,877 16 ,343 12 ,869 16 ,678 3 ,687 26 ,695 196 ,509 73 ,185 39 ,853 22 ,915 14 ,009 18 ,701 3 ,490 24 ,356 214 ,027 66 ,339 54 ,758 22 ,922 14 ,499 17 ,714 3 ,470 34 ,325 243 ,250 75 ,837 60 ,029 26 ,643 11 ,968 23 ,000 3 ,536 42 ,237 297 ,761 78 ,334 76 ,645 37 ,887 16 ,789 30 ,998 4 ,201 52 ,907 314 ,027 79 ,478 81 ,372 33 ,337 12 ,740 40 ,718 4 ,066 62 ,316 325 ,670 88 ,567 88 ,292 36 ,346 10 ,541 30 ,700 4 ,902 66 ,322 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 Consumer credit Trade credit Miscellaneous assets Foreign direct investment Insurance receivables Equity in spons. agencies Other 20 ,587 367 ,436 217 ,199 151 ,761 33 ,415 581 31 ,442 21 ,762 437 ,275 248 ,175 178 ,240 38 ,949 633 30 ,353 21 ,987 485 ,505 290 ,421 208 ,467 43 ,619 642 37 ,693 23 ,854 508 ,685 314 ,473 224 ,826 47 ,320 642 41 ,685 24 ,396 493 ,035 325 ,543 227 ,438 50 ,030 714 47 ,361 27 ,598 555 ,400 328 ,974 236 ,508 53 ,462 723 38 ,281 31 ,371 601 ,764 345 ,878 246 ,210 58 ,562 724 40 ,382 34 ,507 612 ,593 383 ,955 260 ,194 62 ,077 831 60 ,853 16 17 18 19 20 21 22 23 Total assets 3075 ,482 3507 ,072 3982 ,768 4431 ,879 4615 ,098 4867 ,861 5187 ,824 5381 ,362 23 24 Total liabilities 1071 ,966 1235 ,567 1380 ,566 1534 ,321 1612 ,763 1731 ,480 1981 ,550 2165,,366 24 741 ,069 25,,041 321,,157 76 ,050 6,,736 34,,714 34,,600 836 ,451 35 ,028 338 ,465 77 ,523 6 ,126 37,,197 34,,200 914 ,245 45 ,892 365,,120 79,,994 5,,346 40,,648 34,,000 1018 ,364 59 ,323 386 ,881 78 ,661 4 ,553 41,,408 32,,700 1091 ,072 74 ,466 405 ,547 77 ,441 5 ,066 40 ,766 31,,609 1147 ,472 83 ,897 421,,573 80,,979 8 442 41,,597 30,,940 1339 ,800 102 ,439 468 ,702 81,,138 8 ,600 41,,823 30,,715 1495,,791 127,,639 536,,580 81,,377 8,,887 41,,690 30,,800 25 26 27 28 29 30 31 227,,373 15,,499 4,,967 65,,268 5,,714 272,,569 24,,518 6,,015 75,,425 6,,908 299,,189 28,,026 6,,860 80,,788 8,,376 341,,940 42,,722 9 ,097 90,,169 9,,571 383,,026 37,,614 9,,833 92,,294 10,,851 401,,926 36,,775 9,,476 102, 446 10,,400 479,,358 58,,490 10,,738 127,,335 11,,600 508,,422 72,,207 9,881 145,,235 14, 450 32 33 34 35 36 24,,552 263,,874 42,,471 27,,075 317,,579 54,,462 25,,341 357,,934 83,,046 18,,546 388,,697 108,,714 4,,484 392,,530 124,,677 9,820 437, 127 137,,061 10, 485 471, 694 159,,571 2, 119 37 487, 989 38 179, 467 39 40 Net worth Debt-net worth ratio (25/40) 41 2003, 516 36.988 2271,,505 36,823 2602,,202 35.133 2897,,558 35*145 3002,,335 36.340 3136, 381 36.585 3206, 274 41.786 3215, 996 40 46.510 41 Market value of equities, including corp. farm equities Debt-equity ratio (25/42) 76 1,,906 94.777 943, 526 88.651 1304, 408 70.088 1226,,709 83.015 1397,,566 78.069 1655, 230 69.324 1636, 633 81*,863 1956, 641 42 76.446 43 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 42 43 Credit market debt Tax-exempt bonds Corporate bonds Mortgages Home mortgages Multi-family Commercial Bank loans n.e.c. Commercial paper Acceptances Nonbank finance loans U.S. Government loans Profit taxes payable Trade debt Foreign direct inv. in U.S. Net worth of corporate farms, from farm sector table Ratio of market value To net worth (%) (42/40) 45 44 48, 097 55, 513 61, 050 59, 878 56, 668 55, 692 48, 607 42, 348 44 39.026 41.537 50.127 42*335 46.549 52.775 51.044 60.840 45 Tangibles and net worth on historical cost basis: 46 Tangible assets 47 48 49 50 Reproducible assets Residential structures Nonres. plant 8 equipment Inventories 51 Land 1497, 745 1690, 633 1879, 332 2086,898 2206, 488 2330, 771 2544, 371 2725, 653 46 1434, 108 15, 348 982, 063 436, 697 1623, 381 15, 730 1110, 306 497, 345 1805, 510 16, 054 1241,496 547, 960 2005, 222 16, 305 1392, 792 596, 125 2119, 370 16, 718 1525, 173 577, 479 2238, 153 17, 171 1634, 487 586, 495 2444, 771 18,294 1780, 765 645, 712 2618, 030 19,474 1941, 262 657, 294 47 48 49 50 63, 637 67, 252 73,822 81, 676 87, 118 92, 618 99, 600 107, 623 51 52 Total assets 2262, 178 2579, 238 2873, 754 3147, 937 3292, 712 3540,504 3837,411 4082, 378 52 53 Net worth Debt-net worth ratio (25/53) 54 1190,212 62.263 1343, 671 62.,251 1493, 188 61.227 1613, 616 63.110 1679, 949 64.946 1809, 024 63.430 1855,861 72.,192 1917, 012 53 78.027 54 DATA ARE IN MILLIONS OF DOLLARS. APRIL 1986 Private Financial Institutions Page 26 Sector Balance Sheets with Tangible Assets at Current Cost YEAR-END OUTSTANDINGS 1946 1947 1948 1949 1950 1951 1952 1953 Private Financial Institutions 1 Tangible assets Nonres. plant 8 equipment 2 3 Land 4 Total financial assets 5 6 7 8 9 Demand deposits 8 currency Small time 8 savings dep. Large time deposits Fed. funds 8 security RP's Foreign deposits 2 ,484 2 ,222 262 3 ,059 2 ,724 335 3 ,315 2 ,947 368 3 ,401 3 ,020 381 3 ,785 3 ,351 434 4 ,270 3 ,770 500 4 ,452 3 ,919 533 4 ,793 4 ,184 609 233 ,800 245 ,830 256 ,380 270 ,848 292 ,419 312 ,878 339 ,622 362 ,158 4 4 ,568 147 161 4 ,894 127 211 5 ,019 111 230 5 ,268 99 222 5 ,910 106 168 6 ,505 257 187 6 ,675 339 219 6 ,977 410 243 5 6 7 8 9 - - - - - - - - 1 2 3 4 ,923 198 ,339 118 ,379 1 ,049 6 ,615 18 ,969 5 ,271 208 ,595 111 ,430 1 ,070 7 ,587 22 ,699 5 ,559 216 ,087 102 ,353 2 ,066 8 ,628 27 ,625 8 ,065 230 ,740 105 ,986 2 ,104 10 ,173 31 ,212 9 ,412 247 ,812 99 ,384 1 ,892 12 ,506 34 ,274 10 ,257 263 ,305 95 ,972 1 ,830 14 ,125 37 ,918 11 ,866 286 ,731 98 ,087 2 ,187 15 ,776 42 ,874 12 ,941 306 ,426 98 ,466 3 ,760 17 ,841 47 ,602 10 11 12 13 14 15 26 ,167 5 ,724 16 ,508 418 4 ,510 32 ,045 8 ,340 20 ,609 499 4 ,316 38 ,043 10 ,499 21 ,842 485 4 ,546 43 ,178 12 ,931 20 ,171 499 4 ,486 52 ,164 16 ,209 25 ,822 686 4 ,875 59 ,934 16 ,879 30 ,336 1 ,025 5 ,286 67 ,517 20 ,801 32 ,373 1 ,276 5 ,840 75 ,806 24 ,507 31 ,113 1 ,165 6 ,166 16 17 18 19 20 3 ,751 18 ,185 478 3,,248 2 ,688 20 ,115 578 3,,351 2 ,915 22 ,457 652 3 ,350 3 ,658 18 ,578 723 3,,495 4 ,453 19 ,855 740 3 ,963 4 ,132 22 ,753 850 4 ,632 4 ,865 22 ,703 948 5 ,276 5 ,729 21 22 ,672 1 ,006 23 5 ,754 24 25 Total assets 236,,284 248,,889 259,,695 274,,249 296 ,204 317,,148 344 ,074 366 ,951 25 26 Total liabilities 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Corporate equities Credit market instruments U.S. Treasury securities Federal agency securities State 8 local obligations Corporate 8 foreign bonds Mortgages Consumer credit Bank loans n.e.c. Open-market paper Other loans Security credit Vault cashSmember bank res. Trade credit Miscellaneous finan. assets 212,,986 224,,155 233,,762 246,,896 266,,280 285 ,519 310,,198 331 ,058 26 27 28 29 30 31 Checkable deposits Small time 8 savings dep. Money market fund shares Large time deposits Fed. funds 8 security RP's 87,,835 56,,531 90,,064 59,,892 89,,488 62,,052 90,.329 64, 624 95,,924 67,,024 102,,743 71,,914 107,,902 79,,803 3,,419 17 3,,599 -82 3,,930 -95 4, 294 -82 4,,576 -61 4,,546 7 4,,874 22 108,,025 27 88,,014 28 29 5, 824 30 37 31 32 33 34 Life insurance reserves Pension fund reserves Interbank claims, net 38,,602 9a ,542 1, 505 41, 147 10, 942 1, 747 43, 777 12, 571 1,836 46, 444 14. 368 2. 268 49,,080 17,,511 3, 512 51,,635 20, 367 3, 521 54, 480 24, 184 3. 561 57, 388 32 28, 538 33 3, 416 34 35 36 37 38 39 40 41 Mutual fund shares Credit market instruments Corporate bonds Mortgages Bank loans n.e.c. Open-market paper Other loans 1, 297 1, 525 356 1,412 2, 251 548 1, 515 3, 357 973 3. 070 4. 193 1. 355 3, 344 5, 956 1, 735 3. 481 6, 458 2, 023 3, 931 7, 701 2, 280 661 207 301 942 329 432 1, 367 508 509 1. 735 676 427 2, 697 714 810 2, 460 1. 064 911 3, 139 1,418 864 4, 146 35 9, 320 36 3. 681 37 38 3, 044 39 1, 643 40 952 41 42 43 44 Security debt Taxes payable Miscellaneous liabilities 21 366 457 9,890 1,582 348 11. 253 2. 068 495 12, 768 2, 588 708 14, 092 2, 960 868 15, 586 2, 681 098 17, 068 3, 056 1,434 19,250 3,445 42 1, 903 43 21, 002 44 45 Net worth 46 Approximate share stock cos. Approximate share other cos. 47 23, 298 17.819 5, 479 24. 734 18, 274 6,460 25. 933 18.858 7. 075 27, 353 20, 071 7, 282 29. 924 21, 492 8, 432 31, 629 22, 607 9, 022 33,876 24, 449 9,427 35,893 45 25, 539 46 10, 354 47 48 Memo: Market value of equities 25. 492 21, 694 21. 679 24, 017 24,834 26,879 30, 669 28, 754 48 DATA ARE IN MILLIONS OF DOLLARS. 706 Private Financial Institutions APRIL 1986 Private Financial Institutions Page 27 Sector Balance Sheets with Tangible Assets at Current Cost YEAR-END OUTSTANDINGS YEAR-END OUTSTANDINGS 1955 Private Financial Institutions 1 Tangible assets 2 Nonres. plant 8 equipment 3 Land 4 Total financial assets 5, 174 4, 441 733 5, 997 5, 113 884 6, 928 5,841 1, 087 7, 591 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, 219 1 2 3 394, 017 427, 303 452, 772 476, 690 523, 161 558, 559 597, 191 657, 006 4 8, 937 1,442 125 10, 044 1, 754 168 5 6 7 8 7, 303 566 270 7, 687 696 224 7,819 862 159 8, 077 999 125 8, 717 1, 335 160 8, 554 1,448 82 17, 728 331, 367 103. 728 3, 685 21.,260 51,,873 24, 144 356, 055 96, 028 3, 156 22, 825 54, 857 25, 946 377, 730 91, 684 2,,864 24,,140 58, 683 25, 530 400,,620 90, 685 3, 351 26,,449 65,,157 36, 361 433, 391 99, 556 3,,942 30, 508 70,,687 42, 634 462, 076 92, 640 3, 138 32, 791 74, 907 46, 239 494, 995 94,,274 4,,022 34, 835 79,,545 61,,385 533, 684 100,,520 4,,840 38,,685 84,,913 10 11 12 13 14 15 86,,499 25,,510 31,,280 1,,147 6,,385 100, 739 311 706 38,,750 942 7,,052 112,,799 34,,872 44,,316 1,,007 7,,365 121,,385 37,,445 46,,150 1,,319 8,,679 133,,645 37,,567 46,,642 1,,797 9,,047 148,,301 43,,670 53,,262 2,,468 10,,899 161,,284 48,,423 56,,787 2,,405 13,,420 177,,338 50,,688 59,,868 2,,707 14,,125 16 17 18 19 20 7 ,526 21 ,345 1 ,064 6 ,848 8,,645 21,,687 1,,156 7,,009 8 ,023 22,,320 1 ,291 8 ,622 7,,726 22,,369 1,,451 9,,793 9,,172 21,,753 1,,599 10,,673 9,,414 21,,186 ,782 11,,383 9,,615 20,,427 1,,934 13,,477 11,,772 21,,076 1,,993 15,,130 21 22 23 24 25 Total assets 399 ,191 433,,300 459 ,700 484 ,281 531,,321 567,,463 606,,746 667,,290 25 26 Total liabilities 358 ,205 388 ,340 411 ,903 435 ,019 476 ,403 508,,828 544,,359 597 ,588 26 112 ,538 97 ,341 114 ,678 106 ,096 116 ,493 115 ,660 115 ,841 127 ,703 121 ,409 141 ,951 122,,979 153 ,428 125,,022 165,,076 130 ,140 27 183 ,339 28 7 ,011 -20 6 ,693 -205 6 ,489 -210 6 ,701 -313 9 ,290 -252 7 ,552 -28 11 ,119 -262 13 ,569 30 14 31 60 ,389 33 ,295 3 ,284 63 ,459 40 ,498 4 ,574 66 ,626 45 ,679 5 ,008 69 ,277 51 ,332 4 ,221 72 ,294 60 ,436 4 ,341 75 ,606 69 ,246 5 ,387 78 ,758 76 ,728 6 ,141 82 ,112 32 88 ,649 33 7 ,479 34 5 6 7 8 9 Demand deposits 8 currency Small time 8 savings dep. Large time deposits Fed. funds 8 security RP's Foreign deposits 10 11 12 13 14 15 Corporate equities Credit market instruments U.S. Treasury securities Federal agency securities State 8 local obligations Corporate 8 foreign bonds 16 17 18 19 20 21 22 23 24 Mortgages Consumer credit Bank loans n.e.c. Open-market paper Other loans Security credit Vault cashSmember bank res. Trade credit Miscellaneous finan. assets 27 28 29 30 31 Checkable deposits Small time 8 savings dep. Money market fund shares Large time deposits Fed. funds 8 security RP's 32 33 34 Life insurance reserves Pension fund reserves Interbank claims, net 35 36 37 38 39 40 41 Mutual fund shares Credit market instruments Corporate bonds Mortgages Bank loans n.e.c. Open-market paper Other loans 6 ,109 9 ,212 3 ,604 7 ,838 13 ,295 4 ,528 9 ,046 13 ,819 5 ,609 8 ,714 15 ,056 6 ,354 13 ,241 14 ,449 6 ,556 15 ,818 18 ,195 7 ,733 17 ,026 20 ,938 9 ,112 22 ,875 35 22 ,159 36 9 ,262 37 3 ,250 1 ,491 867 5 ,611 1 ,739 1 ,417 5 ,110 1 ,872 1 ,228 5 ,113 2 ,324 1 ,265 4 ,406 2 ,189 1 ,298 5 ,441 2 ,887 2 ,134 6 ,117 3 ,728 1 ,981 6 ,643 39 3 ,592 40 2 ,662 41 42 43 44 Security debt Taxes payable Miscellaneous liabilities 4 ,450 1 ,634 22 ,962 4 ,746 1 ,260 25 ,408 4 ,158 1 ,452 27 ,683 4 ,287 1 ,635 30 ,565 4 ,848 1 ,698 32 ,698 4 ,887 1 ,387 34 ,371 5 ,382 2 ,364 36 ,067 6 ,256 42 1 ,392 43 39 ,604 44 40 ,986 29 ,358 11 ,628 44 ,960 31 ,507 13 ,453 47 ,797 33 ,106 14 ,691 49 ,262 33 ,509 15 ,753 54 ,918 37 ,392 17 ,526 58 ,635 39 ,811 18 ,824 62 ,387 41 ,963 20 ,424 69 ,702 45 47 ,247 46 22 ,455 47 33 ,991 37 ,562 37 ,154 45 ,586 59 ,559 73 ,182 75 ,874 117 ,925 48 45 Net worth 46 Approximate 47 Approximate share other cos share stock cos S 48 Memo: Market value of equities DATA ARE IN MILLIONS OF DOLLARS. APRIL 1986 Private Financial Institutions Page 28 706 Private Financial Institutions Sector Balance Sheets with Tangible Assets at Current Cost YEAR-END OUTSTANDINGS YEAR-END OUTSTANDINGS 1962 1963 1964 1965 1966 1967 1968 1969 Private Financial Institutions 1 Tangible assets Nonres. plant 8 equipment 2 3 Land 4 Total financial assets 5 6 7 8 9 Demand deposits 8 currency Small time 8 savings dep. Large time deposits Fed. funds 8 security RP's Foreign deposits 10 11 12 13 14 15 Corporate equities Credit market instruments U.S. Treasury securities Federal agency securities State 8 local obligations Corporate 8 foreign bonds 11 ,338 8 ,898 2 ,440 12 ,237 9 ,615 2 ,622 13 ,727 10 ,843 2 ,884 15 ,576 12 ,460 3 ,116 17 ,477 14 ,188 3 ,289 19 ,185 15 ,935 3 ,250 22 ,124 18 ,753 3 ,371 24,931 21,340 3,591 705 ,635 771 ,099 845 ,883 926 ,917 974 ,731 1076 ,156 1184 ,334 1235,110 4 10 ,981 1 ,919 160 11 ,048 2 ,046 141 11 ,267 2 ,236 224 11 ,665 2 ,252 211 11 ,320 2 ,073 393 11 ,658 2 ,266 959 12 ,346 2 ,105 1 ,201 107 12,007 1,664 1,021 336 5 6 7 8 9 ~ - - - - - 1 2 3 57 ,917 581 ,328 101 ,974 6 ,730 44 ,443 90 ,872 70 ,645 630 ,633 98 ,428 7 ,237 48 ,825 96 ,860 83 ,549 688 ,094 99 ,740 8 ,111 52 ,403 103 ,921 98 ,776 750 ,047 95 ,561 9 ,119 57 ,099 111 ,655 94 ,401 797 ,540 92 ,118 10 ,727 59 ,718 120 ,886 122 ,298 860 ,113 96 ,182 14 ,090 70 ,160 133 ,310 145 ,141 934 ,652 98 ,701 17 ,021 79 ,689 142 ,217 141,031 992,651 85,087 18,822 81,238 150,453 10 11 12 13 14 15 197 ,873 55 ,639 65 ,860 3 ,141 14 ,796 223 ,583 62 ,972 72 ,926 3 ,170 16 ,632 249 ,213 71 ,292 81 ,130 3 ,577 18 ,707 274 ,728 80 ,223 96 ,941 3 ,511 21 ,210 292 ,558 86 ,037 106 ,449 5 ,324 23 ,723 310 ,681 91 ,014 112 ,914 7 ,446 24 ,316 333 ,355 101 ,676 126 ,683 7 ,514 27 ,796 355,063 111,592 144,020 11,092 35,284 16 17 18 19 20 12 ,423 21 ,973 2 ,201 16 ,733 15 ,083 21 ,308 2 ,332 17 ,863 15 ,045 22 ,382 2 ,484 20 ,602 15 ,263 23 ,298 2 ,649 22 ,756 15 ,824 25 ,244 2 ,898 25 ,038 20 ,498 27 ,023 3 ,176 28 ,165 24 ,659 29 ,054 3 ,476 31 ,593 20,021 29,405 3,898 33,076 21 22 23 24 25 Total assets 716 ,973 783 ,336 859 ,610 942,,493 992 ,208 1095 ,341 1206 ,458 1260,041 25 26 Total liabilities 643,,933 706,,141 775,,804 853,,114 901 ,121 997,,253 1099 ,701 1151,984 26 134,.711 209,,127 136,, 925 234,,662 143,,641 260,,196 148,,953 287,.330 150,,759 305,,206 162,.896 339,.846 176,,210 366,.518 16 17 18 19 20 21 22 23 24 Mortgages Consumer credit Bank loans n.e.c. Open-market paper Other loans Security credit Vault cashSmember bank res. Trade credit Miscellaneous finan. assets 27 28 29 30 31 Checkable deposits Small time 8 savings dep. Money market fund shares Large time deposits Fed. funds 8 security RP's 32 33 34 180,864 380,605 30,485 8,122 27 28 29 30 31 16,-408 63 20,-353 26 25,.119 540 31,-033 1,-749 33,-356 1,-674 39,-269 1,-659 46, 009 2,,586 Life insurance reserves Pension fund reserves Interbank claims, net 85, 754 93, 295 7,>223 89,-860 105, 689 7, 113 94,-172 120,-197 7, 133 98, 863 135, 050 7, 249 103,-450 143,-322 11,-277 108, 335 164, 000 11,817 113, 138 184, 199 15, 605 35 36 37 38 39 40 41 Mutual fund shares Credit market instruments Corporate bonds Mortgages Bank loans n.e.c. Open-market paper Other loans 21, 271 25, 267 9, 222 25, 214 30, 553 10, 530 29, 116 35, 428 12,834 35, 220 41, 841 15, 051 34, 829 45, 433 15, 275 44. 307 43, 608 15, 954 7, 764 4,802 3, 479 9,417 5, 822 4, 784 9, 952 7, 317 5, 325 12, 290 8, 503 5, 997 11, 200 12, 023 6, 935 9, 217 14, 051 4, 386 51, 232 49, 474 16,400 200 10, 691 16, 924 5, 259 47,587 66,652 17,226 430 12,463 27,244 9,289 42 43 44 Security debt Taxes payable Miscellaneous liabilities 7, 066 1, 947 41,801 7, 739 1,548 46, 459 8 , 377 1, 759 50, 126 8, 737 1, 786 55, 303 9, 576 1, 741 60, 498 12, 745 1,548 67,223 16, 199 1, 708 76,823 13,173 42 1,894 43 88,422 44 45 Net worth 46 Approximate share stock cos. Approximate share other cos. 47 73, 040 48, 438 24, 602 77, 195 51, 478 25, 717 83,806 55, 600 28, 206 89, 379 57, 534 31,845 91, 087 57, 284 33,803 98, 088 61. 065 37, 023 106, 757 65, 728 41, 029 108,057 45 67,622 46 40,435 47 48 Memo: Market value of equities 90, 529 110, 586 118, 184 154, 980 139,279 166, 929 237, 926 212,477 48 DATA ARE IN MILLIONS OF DOLLARS. 118,110 32 193,193 33 22,877 34 35 36 37 38 39 40 41 APRIL 1986 Private Financial Institutions 706 Private Financial Institutions Page 29 Sector Balance Sheets with Tangible Assets at Current Cost YEAR-END OUTSTANDINGS YEAR-END OUTSTANDINGS 1973 1974 1977 Private Financial Institutions 1 Tangible assets 2 Nonres. plant 8 equipment 3 Land 27 ,821 24 ,097 3 ,724 31 ,445 27 ,538 3 ,907 34 ,772 30 ,677 4 ,095 40 ,124 35 ,778 4 ,346 49 ,804 44 ,950 4 ,854 54 ,669 50 ,140 4 ,529 61 ,083 56 ,408 4 ,675 69,038 64,100 4,938 1327 ,888 1496 ,143 1714 ,606 1850 ,923 1950 ,847 2155 ,644 2408 ,942 2686,992 4 12 ,465 2 ,080 1 ,786 442 13 ,340 2 ,984 3 ,229 1 ,168 14 ,966 3 ,559 4 ,687 1 ,667 14 ,666 2 ,910 7 ,033 3 ,709 14 ,242 3 ,278 17 ,786 6 ,107 15 ,269 3 ,270 20 ,816 5 ,059 16 ,245 3 ,333 19 ,811 6 ,682 18,210 4,171 21,638 9,688 14 5 6 7 8 9 150 ,361 1069 ,198 91 ,990 25 ,661 93 ,798 163 ,518 195 ,570 1176 ,898 91 ,129 33 ,841 110 ,375 177 ,512 249 ,300 1325 ,802 94 ,177 44 ,580 122 ,126 189 ,999 208 ,807 1498 ,086 82 ,442 • 58 ,007 131 ,457 207 ,188 154 ,149 1631 ,896 77 ,676 68 ,677 138 ,595 228 ,140 210 ,303 1767 ,165 123 ,740 81 ,368 146 ,332 257 ,928 242 ,975 1964 ,212 162 ,790 90 ,510 158 ,677 287 ,503 232,163 2229,623 170,633 104,924 181,389 321,962 10 11 12 13 14 15 375 ,439 115 ,495 150 ,726 14 ,694 37 ,877 416 ,425 128 ,691 162 ,232 16 ,471 40 ,222 476 ,724 147 ,121 188 ,464 17 ,246 45 ,365 542 ,307 170 ,287 237 ,288 16 ,587 52 ,523 580 ,302 178 ,896 278 ,441 21 ,144 60 ,025 614 ,250 186 ,960 266 ,067 25 ,164 65 ,356 677 ,127 209 ,281 272 ,462 30 ,538 75 ,324 773,240 247,689 302,063 37,162 90,561 16 17 18 19 20 20 ,174 31 ,197 4 ,370 35 ,815 23 ,525 35 ,329 4 ,661 39 ,439 32 ,056 34 ,295 5 ,842 42 ,432 24 ,300 37 ,748 6 ,485 47 ,179 20 ,546 37 ,483 7 ,020 58 ,340 23 ,634 38 ,304 7 ,668 64 ,156 34 ,856 37 ,279 8 ,878 74 ,671 38,052 40,792 10,176 82,465 21 22 23 24 25 Total assets 1355 ,709 1527 ,588 1749 .378 1891 ,047 2000,,651 2210,,313 2470 ,025 2756,030 25 26 Total liabilities 2544,979 26 4 Total financial assets 5 6 7 8 9 Demand deposits 8 currency Small time 8 savings dep. Large time deposits Fed. funds 8 security RP's Foreign deposits 10 11 12 13 14 15 Corporate equities Credit market instruments U.S. Treasury securities Federal agency securities State 8 local obligations Corporate 8 foreign bonds 16 17 18 19 20 21 22 23 24 Mortgages Consumer credit Bank loans n.e.c. Open-market paper Other loans Security credit Vault cashSmember bank res. Trade credit Miscellaneous finan. assets - ~ - - 1 2 3 1241,,995 1398 ,465 1607 ,877 1740,,404 1848,,040 2048,,195 2284 ,947 27 28 29 30 31 Checkable deposits Small time 8 savings dep. Money market fund shares Large time deposits Fed. funds 8 security RP's 190,.202 411,.437 203,,402 479,,829 223,,190 549,,479 236,,121 588,.698 54, 692 3, 968 68, 115 7,.675 86,.914 9,.537 126, 021 25, 701 236, 087 626, 409 2, 379 167,.087 25, 273 244,,045 724,.377 3,.696 158, 153 28, 801 258,,265 845,.930 3,.686 144,.277 42, 374 283,729 940,487 3,887 172,579 53,267 32 33 34 Life insurance reserves Pension fund reserves Interbank claims, net 123, 345 211, 657 18, 108 129, 626 245, 224 12, 235 136, 349 293, 008 10, 307 143, 522 287, 348 6, 663 150, 528 286, 964 7, 078 158, 474 363, 744 -4,846 167, 073 420, 754 -12, 678 176,386 32 460,876 33 -17,321 34 35 36 37 38 39 40 41 Mutual fund shares Credit market instruments Corporate bonds Mortgages Bank loans n.e.c. Open-market paper Other loans 46,811 70, 463 21, 002 546 12, 362 25, 938 10, 615 55, 446 74, 659 25, 906 680 14, 258 25,879 7, 936 58, 926 90, 289 32, 953 1, 160 20, 444 27, 753 7, 979 46, 635 116, 165 37, 393 1,480 29, 454 32, 691 15, 147 35, 151 134, 020 40, 473 1, 649 33, 644 36, 450 21,804 43, 034 131, 024 43, 715 2. 028 29, 921 37, 515 17,845 46, 495 137, 958 53, 556 2,416 26, 414 39, 710 15,862 45,354 161,535 63,677 2,428 26,034 49,223 20,173 42 43 44 Security debt Taxes payable Miscellaneous liabilities 14, 153 2, 479 94, 680 15, 299 2, 443 104, 512 19,502 2, 450 127, 926 16, 075 2, 608 144,847 13, 150 2, 693 161,221 16, 034 2, 437 179,222 23, 945 2, 929 203, 939 24,871 42 3,846 43 235,483 44 Approximate share stock cos. Approximate share other cos. 113, 714 72, 012 41, 702 129, 123 81, 454 47, 669 141, 501 91, 082 50, 419 150, 643 96, 014 54, 629 152, 611 94, 959 57, 652 162, 118 102, 280 59,838 185, 078 116, 709 68, 369 211,051 45 130,955 46 80,096 47 48 Memo: Market value of equities 203, 406 235, 628 269, 262 210, 422 131, 376 149,868 198, 600 183,059 48 45 46 47 Net worth DATA ARE IN MILLIONS OF DOLLARS. 27 28 29 30 31 35 36 37 38 39 40 41 APRIL 1986 Private Financial Institutions Page 30 706 Private Financial Institutions Sector Balance Sheets with Tangible Assets at Current Cost YEAR-END OUTSTANDINGS YEAR-END OUTSTANDINGS 1978 1979 1981 1982 1985 Private Financial Institutions 1 Tangible assets 2 Nonres. plant 8 equipment 3 Land 82,312 76,641 5,671 92,098 86,374 5,724 105,837 99,350 6,487 120,073 112,741 7,332 129,202 121,513 7,689 3056,503 3465,073 3886,061 4297,465 4714,286 21,022 3,648 29,639 11,488 470 24,529 5,403 38,515 16,988 5,109 28,540 9,269 52,788 20,153 6,769 32,630 9,905 75,471 34,850 18,846 245,263 2549,631 168,259 128,096 207,647 359,069 290,023 2866,454 183,600 150,882 227,898 386,649 382,658 3138,635 232,543 184,490 251,493 418,856 880,529 293,258 359,219 48,927 104,627 978,889 335,291 410,317 73,484 119,444 36,821 46,693 11,656 100,172 25 Total assets 135,495 127,319 8,176 147,409 138,490 8,919 40,116 11,043 81,863 40,951 23,759 44,296 9,658 73,538 52,747 21,911 50,511 9,821 72,359 75,846 21,213 58,315 12,960 74,683 78,152 19,027 369,460 3459,537 281,440 221,996 263,195 444,883 458,399 3710,433 389,505 284,006 283,321 464,679 595,710 4095,043 471,964 340,088 297,128 497,743 594,349 4649,268 541,575 382,513 319,641 543,225 809,131 5183,350 640,992 406,745 393,641 596,329 10 11 12 13 14 15 1042,025 327,169 458,016 92,297 131,746 1093,819 344,477 517,238 143,055 149,434 1086,086 361,887 537,969 147,995 154,985 1180,165 410,709 569,467 157,219 170,560 1321,791 493,720 642,524 203,288 200,991 1450,172 586,024 670,487 216,499 222,461 16 17 18 19 20 37,090 48,280 13,591 119,091 44,388 47,263 15,575 140,023 47,285 43,851 18,117 187,513 50,977 46,021 20,242 230,482 60,796 42,442 22,239 256,830 63,548 46,057 26,535 365,397 79,805 54,115 29,368 365,610 21 22 23 24 3138,815 3557,171 3991,89e 4843,488 5410,705 6122,313 6922,785 25 26 Total liabilities 2887,141 3266,746 3669,97b 4081,712 4488,371 5017,327 5671,299 6436,290 26 27 28 29 30 31 Checkable deposits Small time 8 savings dep. Money market fund shares Large time deposits Fed. funds 8 security RP's 310,131 1005,888 10,808 227,049 74,890 337,717 1067,126 45,214 254,805 91,410 349,344 1153,694 74,448 315,847 111,298 366,686 1201,195 181,910 377»603 127,295 394,322 1340,954 206,607 395.466 134,908 421,636 1557,392 162,549 381,793 158,943 458,497 1707,912 209,732 468,779 178,533 522,288 1845,385 207,535 488,473 194,730 32 33 34 Life insurance reserves Pension fund reserves Interbank claims, net 187,257 532,798 -7,266 197,675 631,943 12,331 207,364 782,583 -16,130 216,308 855,173 -28,481 223,279 1023,570 -81,548 231,100 1204,404 -73,110 236,066 1305,309 -44,472 243,641 32 1557,143 33 -27,375 34 35 36 37 38 39 40 41 Mutual fund shares Credit market instruments Corporate bonds Mortgages Bank loans n.e.c. Open-market paper Other loans 45,783 197,980 71,154 1,960 28,339 63,857 32,670 51,160 232,315 78,979 1,950 27,727 81,821 41,838 63,455 245,160 80,815 1,910 26,856 86,616 48,963 63,833 286,759 84,332 1,930 27,740 107,563 65,194 89,451 304,805 97,983 2,043 29,618 109,160 66,001 129,291 326,460 110,802 2,068 29,454 125,183 58,953 161,158 389,783 136,722 2,479 30,412 145,549 74,621 293,564 478,777 165,307 2,290 34,566 187,779 88,835 42 43 44 Security debt Taxes payable Miscellaneous liabilities 24,907 4,739 272,177 25,971 4,997 314,082 32,002 3,607 347,303 34,472 2,043 396,916 38,096 1,994 416.467 41,879 2,003 472,987 47,096 1,863 551,043 57,227 42 2,149 43 572,753 44 251,674 147,538 104,136 290,425 174,075 116,350 321,923 194,224 127,699 335,826 205,656 130,170 355,117 222,257 132,860 393,378 251,961 141,417 451,014 312,885 138,129 *,86,495 45 327,071 46 159,424 47 357,581 485,489 48 4 Total financial assets 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Demand deposits 8 currency Small time 8 savings dep. Large time deposits Fed. funds 8 security RP's Foreign deposits Corporate equities Credit market Instruments U.S. Treasury securities Federal agency securities State 8 local obligations Corporate 8 foreign bonds Mortgages Consumer credit Bank loans n.e.c. Open-market paper Other loans Security credit Vault cashSmember bank res. Trade credit Miscellaneous finan. assets 45 Net worth 46 Approximate share stock cos. 47 Approximate share other cos. 48 Memo: Market value of equities DATA ARE IN MILLIONS OF DOLLARS. 248,692 158,269 149,062 9,207 1 2 3 6764,516 4 27 28 29 30 31 35 36 37 38 39 40 41 APRIL 1986 All Sectors-Flows 720 All Sectors-Flows Stock-Flow Reconciliation for Consolidated Domestic Net Assets Page 31 ANNUAL FLOWS ANNUAL FLOWS 1947 1950 Domestic investment flows: 1 Purchase of physical assets 2 - Capital consumption 3 * Net capital formation 47,266 23,310 23,956 55,472 28,573 26,899 69,999 33,038 36,961 61,521 36,113 25,408 85,849 39,458 46,391 90,342 45,663 44,679 82,782 49,708 33,074 87,600 53,341 34,259 1 2 3 4 + Net foreign investment 5 = Net investment flows by domestic sectors 4,329 28,285 9,853 36,752 3,108 40,069 1,297 26,705 -2,249 44,142 656 45,335 323 33,397 -1,729 32,530 4 5 Revaluations of reproducible 6 tangible assets 52,665 7 Change in land values 12,542 Less: Adjustments of capital consumption 8 to balance sheet basis -3 56,690 12,241 20,572 9,082 961 6,135 43,404 19,806 32,935 17,197 6,060 8,870 2,047 7,425 Adjustments to net foreign investment: 9 Reval. of net foreign claims -70 10 Reval. of SDR holdings 323 Adjustments for tangible assets: Foreign purchases of U.S. corporate equities - U.S. purchases of 12 foreign equities 11 13 = Net change on consolidated domestic net worth By sector: 14 Total, all sectors -1 -2 725 -24 -842 -151 -144 -21 3 120 1 55 11 -15 15 -18 24 76 60 -51 12 93 ,361 105 ,871 70 ,289 33 ,775 108 ,863 94 ,671 49 ,003 43 ,851 13 -64 735 1,743 9 10 93 ,361 105 ,871 70 ,289 33 ,775 108 ,863 94 ,671 49 ,003 43 ,851 14 89 ,839 109 ,510 57 ,648 14 ,978 13 ,765 21 ,358 1 ,761 93 ,822 116 ,377 61 ,614 8 ,599 16 ,462 28 ,266 1 ,436 61 ,788 72 ,568 40 ,190 2 ,253 9 ,613 19 ,313 1 ,199 37 ,019 50 ,124 35 ,532 -1 ,014 3 ,788 10 ,398 1 ,420 101 ,387 155 ,697 99 ,630 18 ,086 12 ,199 23,,211 2,,571 94 ,777 138 ,817 91 ,439 11 ,390 10 ,109 24 ,174 1 ,705 56 ,304 75 ,582 53 ,698 -214 4 ,183 15 ,668 2 ,247 51 ,002 46 ,090 26 ,681 - 2 ,018 4 ,119 15 ,291 2 ,017 22 - Change in eq.in noncorp.bus. 23 Proprietors' net invest. 24 Revaluation of equity 27 ,694 2,,379 25,,315 24 ,460 1 ,214 23,,246 11 ,708 4,,760 6,,948 2,,845 669 2,,176 29,,019 4,,372 24,,647 20 ,702 1 ,799 18 ,903 3 ,983 158 3 ,825 2 ,243 22 -138 23 2,,381 24 25 - Change in HH corp. equities 26 Net purchases 27 Revaluation - 8 ,214 852 -9,,066 -2,,253 903 -3,,156 -1 ,216 880 -2,,096 7,,754 368 7,,386 23,,944 438 23,,506 22,,493 1 ,529 20,,964 13,,686 1,,111 12,,575 - 8 ,230 25 566 26 -8,,796 27 28 - Change/fin.Inst.corp.shares 29 Net purchases 30 Revaluation 191 338 -147 348 414 — 66 288 361 -73 ,506 2! 878 1,,628 1,,347 989 358 845 725 120 1,,609 1,,443 166 1,,075 28 1,,296 29 -221 30 1,,936 228 1, 683 25 14,,350 112 14,,210 28 7,,604 -1,,048 8,,644 8 -5, 324 -1, 764 -3, 573 13 5, 273 -1, 991 7, 238 26 4,,180 -1,,300 5,,459 21 -7,,028 -2,,185 -4,,874 31 -8,,440 -2,,026 -6,,431 17 -681 1, 344 923 -1,.802 -2, 294 1, 795 1. 249 492 -844 765 2, 310 535 •799 753 2, 249 -2, 682 -2, 957 1, 353 -1, 764 -300 11 791 -2, 410 35 1,,234 36 2,,465 37 578, 539 684, 410 754, 699 788, 474 897, 337 992, 008 1041, Oil 1084, 862 38 15 Private sectors, consolidated 16 Sector basis, total 17 Households 18 Farm business 19 Nonfarm noncorp. business 20 Nonfinancial corp. business 21 Private finan. Institutions 31 32 33 34 • Change in net finan. assets of public sectors State 8 local governments U.S. Government Sponsored credit agencies + Other adjustments: 35 NonfInancial 36 57 Unallocated financial flows Unallocated revaluations 58 discrepancy Total domestic net assets at year end 59 Memo: Gross national product DATA ARE IN MILLIONS OF DOLLARS. 15 16 17 18 19 20 21 31 32 33 34 371,336 39 APRIL 1986 All Sectors-Flows Pcl^C 3 2 720 All Sectors-Flows Stock-Flow Reconciliation for Consolidated Domestic Net Assets ANNUAL FLOWS ANNUAL FLOWS Domestic investment flows: 1 Purchase of physical assets 2 - Capital consumption 3 = Net capital formation 86,166 57,591 28,575 108,591 60,650 47,941 110,864 67,517 43,347 110,741 72,918 37,823 100,673 76,260 24,413 122,980 79,780 43,200 121,645 82,586 39,059 119,017 85,200 33,817 1 2 3 4 • Net foreign investment 5 = Net investment flows by domestic sectors -261 28,314 26 47,967 2,112 45,459 4,568 42,391 356 24,769 -1,879 41,321 1,803 40,862 2,833 36,650 4 5 20,986 16,870 35,172 29,195 8,530 20,533 8,804 23,766 4,376 19,606 -2,946 21,605 -1,525 19,340 6 7 -3 -1 1 118 207 787 Adjustments for tangible assets: Revaluations of reproducible 6 tangible assets 2,687 7 Change in land values 15,036 Less: Adjustments of capital consumption 8 to balance sheet basis -3 Adjustments to net foreign investment: 9 Reval. of net foreign claims 263 10 Reval. of SDR holdings Foreign purchases of U.S. corporate equities - U.S. purchases of 12 foreign equities 11 135 140 9 10 127 256 147 -54 351 203 323 11 35 332 195 86 325 12 66 ,245 58 ,662 54 ,606 13 54 ,606 14 256 173 111 = Net change on consolidated 13 domestic net worth 46 ,182 86 ,456 111 ,480 71 ,687 57 ,161 By sector: 14 Total, all sectors 46 ,182 86,,456 111,,480 71 ,687 57 ,161 66 ,245 58 ,662 74 ,157 202,,245 164,,804 9,,748 6,,790 15,,247 5 ,656 74 ,202 114 ,688 82 ,266 2 ,906 5 ,407 20 ,392 3 ,717 61 ,070 63 ,028 45 ,633 944 5 ,217 ,482 3,,752 62 ,932 187 ,900 157 ,887 4 ,904 5 ,765 12 ,029 7,,315 15 16 17 18 19 20 21 55 ,360 136,,569 110,,998 1,,964 3 ,954 14,,560 5,,093 83,,981 150,,967 108,,344 2,,828 8,,395 27,,426 3,,974 110,,931 149,, 101 92,,184 7 ,317 11,,977 34,,786 2,,837 73 ,799 48 ,206 9 > 696 6 ,180 6 ,448 24 ,417 1 ,465 22 - Change in eq.in noncorp.bus. 23 Proprietors' net invest. 24 Revaluation of equity 5,,780 -1,,800 7,,580 11,,025 -1,,965 12,,990 18,,782 -I,,270 20,,052 12 ,196 -896 13 ,092 15,,855 224 15,,631 8 ,110 -2,,583 10,,693 6,,095 -2,,428 8,,523 10,,325 22 517 23 9,,808 24 25 - Change in HH corp. equities 26 Net purchases 27 Revaluation 70,,642 303 70,,339 49,,545 175 49,,370 17,,586 936 16,,650 -37 ,373 474 -37 ,847 101,,402 -49 101,-451 26,,103 -1,-158 27,.261 -7,,742 -1,.967 -5,,775 99,,497 25 -1,,847 26 101,.344 27 28 - Change/fin.inst.corp.shares 29 Net purchases 30 Revaluation 4,,787 1,,735 3,,052 6,,416 11,642 4,,774 1,,802 1 ,498 304 -416 2 ,194 - 2 ,610 10,,831 2,,605 8,,226 6,.273 3,.347 2,.926 3,.605 3,.416 189 15,,146 28 4,,404 29 10,.742 30 15 Private sectors, consolidated 16 Sector basis, total 17 Households 18 Farm business 19 Nonfarm noncorp. business 20 Nonfinancial corp. business 21 Private finan. institutions 7 31 32 33 34 • Change in net finan. assets of public sectors State & local governments U.S. Government Sponsored credit agencies -9,,363 -3,,904 -5,,473 14 •572 - 4 ,243 3,,653 18 934 -3,,363 4,,284 13 - 2 ,832 - 4 ,328 1,,458 38 -15,,910 -4,-797 -11,-148 35 -6,,710 -3,-659 -3,-081 30 -1,.263 -3,.223 1,.929 31 35 36 37 + Other adjustments: Nonfinancial discrepancy Unallocated financial flows Unallocated revaluations -2,,658 331 2,,512 -1,,804 2,,848 2,,003 1,,895 -572 -1,,708 1 ,172 814 -1 ,266 219 -860 -445 1, 545 -815 -1,,977 2,,807 -828 -3,,124 1,,209 35 806 36 -532 37 1131,,044 1217,,500 1328,,980 1400 ,667 1457,,828 1524,,073 1582,,735 1637,,341 38 372,,493 405,,906 428,,212 451 ,036 456,,736 495,,805 515,,323 533,,815 39 38 Total domestic net assets at year end 39 Memo: Gross national product DATA ARE IN MILLIONS OF DOLLARS. -9,.809 -4,,068 -5,,787 46 31 32 33 34 APRIL 1986 All Sectors-Flows 720 All Sectors-Flows Stock-Flow Reconciliation for Consolidated Domestic Net Assets Pcl^C ANNUAL FLOWS 33 ANNUAL FLOWS Domestic investment flows: 1 Purchase of physical assets 2 - Capital consumption 3 = Net capital formation 134,670 87,799 46,871 144,905 91,280 53,625 156,473 95,666 60,807 179,610 100,628 78,982 197,135 107,489 89,646 196,314 116,768 79,546 218,006 127,999 90,007 239,444 141,450 97,994 2,264 49,135 4,052 57,677 5,914 66,721 4,973 83,955 3,661 93,307 2,377 81,923 1,060 91,067 -1,044 96,950 Revaluations of reproducible 6 tangible assets 87 7 Change in land values 14,614 Less: Adjustments of capital consumption 8 to balance sheet basis -1 -5,937 16,613 12,772 21,429 12,006 23,038 45,470 40,265 36,007 17,058 95,366 24,242 91,769 24,744 Adjustments to net foreign investment: 9 Reval. of net foreign claims -162 10 Reval. of SDR holdings -1,733 4 + Net foreign investment 5 = Net investment flows by domestic sectors Adjustments for tangible assets: Foreign purchases of U.S. corporate equities - U.S. purchases of 12 foreign equities 11 = Net change on consolidated 13 domestic net worth 6 7 -2 33 -1,175 -632 584 9 10 109 225 -292 —400 -305 698 2,097 1,565 11 -25 111 210 298 -253 50 155 467 12 63 ,809 66 ,737 102,,075 118,,336 177 ,817 135 ,006 212 ,274 215 ,146 13 By sector: 14 Total, all sectors 63 ,809 66 ,737 102,,075 118 ,336 177 ,817 135 ,006 212 ,274 215 ,146 14 15 Private sectors, consolidated 16 Sector basis, total 17 Households 18 Farm business 19 Nonfarm noncorp. business 20 Nonfinancial corp. business 21 Private finan. institutions 73 ,106 19 ,763 -9 ,287 5 ,066 7 ,180 13,,466 3,,338 69 ,772 166 ,645 136 ,885 5 ,990 6 ,059 13 ,556 4 ,155 107,,868 182,,914 138,,041 5 ,894 9,,751 22,,617 6,,611 120,,208 221,,674 164,,032 13,,044 9,,321 29,,704 5,,573 179 ,881 142 ,908 73 ,482 7 ,534 19 ,989 40 ,195 1 ,708 154 ,007 334 ,005 273 ,164 9 ,934 7,,513 36 ,393 7,,001 223 ,520 407,,520 321 ,547 10,,874 20,,479 45,,951 8,,669 212 ,019 126 ,072 37 ,603 8 ,788 18 ,123 60 ,258 1 ,300 22 - Change in eq.ln noncorp.bus. 23 Proprietors' net invest. 24 Revaluation of equity 11,,892 174 11,,718 11 ,629 1,,594 10,,035 15,,233 -612 15,,845 21,,452 284 21,,168 26 ,995 -780 27,,775 16,,752 -830 17,,582 30,,592 -1 ,958 32,,550 26,,296 22 -4,,458 23 30,,754 24 25 - Change in HH corp. equities 26 Net purchases 27 Revaluation -61,,767 -3,,753 -58,,014 72,,516 - 4 ,005 76,,521 46,,909 -2,,178 49,,087 64,,787 -5,,329 70,,116 -59,,593 — 4 ,357 ! -55,,236 135,,349 -7,,205 142,,554 130,,565 -12,,304 142,,869 -108,,133 25 -8,,567 26 -99,,566 27 28 - Change/fin.inst.corp.shares 29 Net purchases 30 Revaluation -3,,468 4,,228 -7,,696 12,,728 3,,889 8,,839 12,,904 3,,997 8,,907 15,,227 6,,026 9,,201 -4,,375 5 ,744 -10,,119 27,,897 9,,034 18,,863 22,,843 10,,829 12,,014 -4,,110 28 12,,211 29 -16,,321 30 -7,,734 -3,,292 -4,,497 55 -3 ,474 -2,,019 -1,,514 59 -6,,737 -3,,042 -3,,744 49 -3,,781 -2,,905 -931 55 -5 ,657 -2,,463 -3,,240 46 -18,,194 -4,,803 -13,,433 42 -14,,575 -5,,114 -9,,476 15 -67 -530 -966 605 1,,254 -1,,420 1,,395 -158 -293 1,,241 1, 443 -775 -2,,104 -47 5,,744 376 466 -1,,649 1,,121 4,,306 -2, 098 3,,896 35 6,,153 36 -3,,383 37 1701,,150 1767,,887 1869, 962 1988, 298 2166,,115 2301,.121 2513, 395 2728,,541 38 574,,643 606,,898 649, 774 705, 099 771,,982 816, 382 892, 652 963, 946 39 31 32 33 34 • Change in net finan. assets of public sectors State 8 local governments U.S. Government Sponsored credit agencies 35 36 37 + Other adjustments: Nonfinancial discrepancy Unallocated financial flows Unallocated revaluations 38 Total domestic net assets at year end 39 Memo: Gross national product DATA ARE IN MILLIONS OF DOLLARS. -3,,539 -9,,997 6,,423 35 15 16 17 18 19 20 21 31 32 33 34 APRIL 1986 All Sectors-Flows Page 34 720 All Sectors-Flews Stock-Flow Reconciliation for Consolidated Domestic Net Assets ANNUAL FLOWS ANNUAL FLOWS 1974 1976 Domestic investment flows: 1 Purchase of physical assets 2 - Capital consumption 3 * Net capital formation 234 ,465 154 ,577 79 ,888 270 ,070 169 ,383 100 ,687 313 ,207 184 ,349 128 ,858 363 ,507 201 ,554 161 ,953 364 ,616 231 ,333 133 ,283 354,920 268,788 86,132 439,142 297,791 141,351 528,552 332,704 195,848 1 2 3 2 ,115 82 ,003 -11 ,211 89 ,476 - 7 ,676 121 ,182 4 ,483 166 ,436 2 ,515 135 ,798 23,978 . 110,110 14,747 156,098 -16,524 179,324 4 5 Revaluations of reproducible 6 tangible assets 77 ,348 7 Change in land values 18 ,861 Less: Adjustments of capital consumption 8 to balance sheet basis - 111 ,802 38 ,633 116 ,583 70 ,835 220 ,679 128 ,834 428 ,396 102 ,848 220,562 101,560 257,848 175,915 358,078 209,218 6 7 -3 -1 -1 -3 -1 8 - 2 ,760 36 -1,170 -105 2,528 -18 -3,334 9 106 10 4 • Net foreign investment 5 « Net investment flows by domestic sectors Adjustments for tangible assets: Adjustments to net foreign investment: 9 Reval. of net foreign claims - 2 ,213 10 Reval. of SDR holdings 867 Foreign purchases of U.S. corporate equities - U.S. purchases of 12 foreign equities 11 s Net change on consolidated 13 domestic net worth -2 - -835 717 77 1 ,693 - 2 ,810 1 ,382 697 836 2 ,434 2 ,763 539 4,667 2,753 2,675 11 68 27 -412 -199 -249 184 322 409 12 177 ,495 240 ,604 313 ,216 517 ,486 665 ,107 435,441 594,805 745,659 13 By sector: 14 Total, all sectors 177,,495 240 ,604 313 ,216 517 ,486 665 ,107 435,441 594,805 745,659 14 15 Private sectors, consolidated 16 Sector basis, total 17 Households 18 Farm business 19 Nonfarm noncorp. business 20 Nonfinancial corp. business 21 Private finan. institutions 197,,660 208,,648 131,,267 6,,199 12, 651 52, 874 5, 657 271 ,661 453 ,128 325,,708 18,,869 23,,153 69,,989 15,,409 325 ,071 515 ,826 361,,605 34 ,910 32,,141 74,,792 12,,378 519 ,484 413 ,288 156,,615 77,,577 52,,825 117,,129 9,,142 709 ,204 558 ,550 185,,342 31,,112 70,,832 269,,296 1,,968 509,874 800,594 548,946 57,006 41,022 144,113 9,507 650,313 930.580 626,343 70,688 66,196 144,393 22,960 789,833 888,730 544,991 51,738 103,053 162,975 25,973 18, 416 -5, 389 23, 805 40, 701 -3, 468 44, 169 64,,607 -7, 702 72, 309 124, 972 -6,> 915 131, 887 99, 766 -14, 807 114, 573 94,038 -13,758 107,796 131,935 -23,179 155,114 151,170 22 -27,841 23 179,011 24 25 - Change in HH corp. equities 26 Net purchases 27 Revaluation -16, 758 -4,261 -12,497 95, 557 -6, 380 101, 937 72, 418 -5, 350 77, 768 -190, 675 -5, 946 -184, 729 -195, 762 -1,830 -193, 932 140,528 —4,417 144,945 115,660 -2,527 118,187 -41,461 25 -4,851 26 -36,610 27 28 - Change/fin.inst.corp.shares 29 Net purchases 30 Revaluation 9, 330 11, 308 — 1,978 45, 209 19,228 25, 981 53, 730 16, 711 37, 019 -40, 493 13, 575 -54, 068 -54, 658 6, 118 — 60, 776 56,154 10,659 45,495 32,672 12,833 19,839 -10,812 28 7,810 29 -18,622 30 -17, 098 —4, 674 -12,441 17 -33,462 -10, 051 -23,506 95 -16,850 134 -17, 130 146 - 3 , 168 2, 677 — 6, 106 261 -18, 382 - 6 ,898 — 11, 952 468 -85,757 -11,263 -74,765 271 -59,930 -2,637 -57,624 331 1, 107 95 - 4 ,269 -2,242 2, 525 2, 122 1, 916 — 1, 753 4,832 4, 303 959 - 2 , 174 1, 730 4, 298 -31, 743 -2,490 10,000 3,814 -3,601 8,045 -22 8 35 1,524 36 -365 37 2906, 036 3146, 640 3459,856 3977, 342 4642, 449 5077,890 5672,695 6418,354 38 1015, 458 1102, 684 1212, 760 1359, 316 1472,807 1598,426 1782,792 1990,504 39 22 - Change in eq.in noncorp.bus. 23 Proprietors' net invest. 24 Revaluation of equity + 31 32 33 34 Change in net finan. assets of public sectors State 8 local governments U.S. Government Sponsored credit agencies 35 36 37 • Other adjustments: Nonfinancial discrepancy Unallocated financial flows Unallocated revaluations 38 Total domestic net assets at year end 39 Memo: Gross national product DATA ARE IN MILLIONS OF DOLLARS. -45,341 10,281 -55,977 355 15 16 17 18 19 20 21 31 32 33 34 APRIL 1986 All Sectors-Flows 720 All Sectors-Flows Stock-Flow Reconciliation for Consolidated Domestic Net Assets Page 35 ANNUAL FLOWS ANNUAL FLOWS Domestic investment flows: 1 Purchase of physical assets 2 - Capital consumption 3 = Net capital formation 622,423 376,700 245,723 673,799 430,714 243,085 656,250 491,212 165,038 755,387 550,352 205,035 699,938 598,566 101,372 791,489 625,875 165,614 1005,143 659,325 345,818 1029,675 696,565 333,110 1 2 3 4 + Net foreign investment 5 = Net investment flows by domestic sectors -2,838 242,885 24,528 267,613 26,715 191,753 27,302 232,337 24,772 126,144 -29,278 136,336 -76,872 268,946 -93,035 240,075 4 5 Revaluations of reproducible 6 tangible assets 545,618 7 Change in land values 294,850 Less: Adjustments of capital consumption 8 to balance sheet basis -1 520,047 328,571 611,476 303,640 540,882 306,293 64,941 -35,554 252,611 359,900 191,106 94,955 41,348 2,219 6 7 539 -10,303 1 ,017 768 -266 -288 -366 Adjustments for tangible assets: Adjustments to net foreign investment; 9 Reval. of net foreign claims 4, 10 Reval. of SDR holdings 67 Foreign purchases of 11 U.S. corporate equities - U.S. purchases of 12 foreign equities 13 = Net change on consolidated domestic net worth 758 10 2 ,422 1 ,659 5 ,357 5 ,761 3 ,904 5 ,430 - 2 ,694 2 ,845 11 -527 786 2 ,084 266 1 ,471 3 ,982 1 ,088 5 ,578 12 1091 ,042 1115 ,723 1100 ,857 1091 ,533 148 ,203 752 ,598 548 ,392 291 ,496 13 548 ,392 By sector: 14 Total, all sectors 1091 ,042 1115 ,723 1100 ,857 1091 ,533 148 ,203 752 ,598 15 Private sectors, consolidated 16 Sector basis, total 17 Households 18 Farm business 19 Nonfarm noncorp. business 20 Nonfinancial corp. business 21 Private finan. institutions 1105 ,912 1385 ,920 830 ,344 105 ,774 151 ,430 257 ,749 40 ,623 1133 ,704 1608 ,467 1010 ,325 105 ,943 185 ,459 267 ,989 38 ,751 1195 ,157 1852 ,194 1203 ,906 79 ,098 206 ,995 330 ,697 31,,498 1154 ,972 1314 ,167 779 ,523 -16 ,743 242 ,128 295 ,356 13 ,903 321 ,963 548 ,615 405 ,151 - 4 5 ,865 65 ,261 104 ,777 19 ,291 937 ,574 1349 ,029 1046 ,863 - 1 3 r 939 143 ,798 134 ,046 38 ,261 782 ,231 815 ,102 662 ,991 -101 ,213 125 ,795 69 ,893 57 ,636 249 ,800 -31 ,208 281 ,008 283 ,986 -43 ,649 327 ,635 280,,556 -48,,970 329,,526 226 ,557 -29 ,272 255 ,829 22 ,606 -46 ,687 69 ,293 130 ,835 -74,,029 204,,864 31 ,667 - 5 7 ,080 88,,747 -34,,065 22 -511,775 23 17,,710 24 25 - Change in HH corp. equities 26 Net purchases 27 Revaluation 17 ,108 - 5 ,330 22 ,438 146 ,017 -18,,863 164,,880 283,,846 -13,.489 297,.335 - 5 4 ,164 -35,,980 -18,,184 115 ,107 -23 ,962 139,,069 143,,309 -27,,325 170,.634 2,,565 -78,,368 80,,933 217,,546 25 -121,.643 26 339,.189 27 28 - Change/fin.inst.corp.shares 29 Net purchases 30 Revaluation 13,,100 4,,672 8.,428 44,,760 12,,876 31,,884 92, 635 24, 884 67, 751 -13,,198 20,.927 -34,.125 88,.939 36, 890 52,.049 137, 311 56,.662 80, 649 -1,.361 10,.327 -11,.688 214,.782 28 47, 400 29 167, 382 30 -33,,067 4,,822 -38,,409 520 -24,.917 -258 -25,.215 556 -68, 134 -2. 906 -65, 565 337 -63,.449 3,.835 -67, 782 498 -137,.464 1,.277 -139,848 1,.107 -185, 656 7, 347 -194, 070 1, 067 -176, 516 12, 413 -189, 796 867 1,.896 14,-087 2. 214 976 4, 682 1,278 -4, 923 -13, 653 - 7 ,590 -4, 123 3, 345 788 61 -7, 065 -29, 292 642 - 1 , 342 1, 380 1,502 -12, 783 —46, 042 -702 35 2, 392 36 9, 293 37 7509, 396 8625, 119 9725, 976 10817,509 10965, 712 11718, 310 12266, 702 12558, 198 38 2249, 677 2508, 170 2731, 947 3052, 632 3165, 998 3401, 569 3774, 679 3989, 102 39 22 - Change in eq.in noncorp.bus. 23 Proprietors' net invest. 24 Revaluation of equity 31 32 33 34 • Change in net finan. assets of public sectors State £ local governments U.S. Government Sponsored credit agencies 35 36 37 + Other adjustments: Nonfinancial discrepancy Unallocated financial flows Unallocated revaluations 38 Total domestic net assets at year end 39 Memo: Gross national product DATA ARE IN MILLIONS OF DOLLARS. 291 ,496 14 490 ,044 888 ,307 883 ,428 -89 ,412 49 ,088 9 ,722 35 ,481 -209, 531 2, 394 -212, 272 347 15 16 17 18 19 20 21 31 32 33 34 APRIL 1986 Sector Flow Summaries Page 36 721 Sector Flow Summaries Sector Detail On Stock-Flow Reconciliation Items ANNUAL FLOWS ANNUAL FLOWS 1949 1 Purchases of physical assets 2 Households 3 Farm business 4 Nonfarm noncorp. business 5 Nonfinancial corp. bus. 6 Private finan. Insts. 1952 1953 47 ,266 21 ,989 2 ,220 4 ,044 18 ,838 175 55 ,472 30 ,508 1 ,611 4 ,997 18 ,107 249 69 ,999 36 ,223 6 ,042 6 ,729 20 ,652 353 61 ,521 38 ,054 3 ,662 4 ,546 14 ,902 357 85 ,849 47 ,761 5 ,309 8 ,358 24 ,027 394 90 ,342 47 ,499 5 ,778 6 ,080 30 ,554 431 82 ,782 46 ,780 3 ,571 6 ,459 25 ,416 556 87 ,600 51 ,647 1 ,445 7 ,841 26 ,235 432 7 Capital consumption 8 Households 9 Farm business 10 Nonfarm noncorp. business 11 Nonfinancial corp. bus. 12 Private finan. insts. 23 ,310 11 ,412 1,,212 3,,127 7,,375 184 28 ,573 13 ,969 1 ,500 3,,899 8 ,974 231 33,,038 16, 083 1,,817 4, 454 10, 424 260 36 ,113 17 ,853 2 ,069 4,,716 11,,204 271 39,,458 19,,848 2,,305 4,,999 12,,023 283 45 ,663 23,,139 2,,671 5,,695 13,,833 325 49,,708 25,,582 2,,925 6,,009 14,,840 352 53 ,341 7 27 ,777 8 3 ,082 9 6,,255 10 15,,852 11 375 12 13 Net capital formation 14 Households 15 Farm business 16 Nonfarm noncorp. business 17 Nonfinancial corp. bus. 18 Private finan. insts. 23! 956 10, 577 1, 008 917 11, 463 -9 26,.899 16, 539 111 1, 098 9, 133 18 36, 961 20, 140 4, 225 2, 275 10,228 93 25, 408 20, 201 1,593 170 3, 698 86 46, 391 27, 913 3, 004 3, 359 12, 004 111 44, 679 24, 360 3, 107 385 16, 721 106 33,,074 21, 198 646 450 10, 576 204 34,,259 23, 870 -1, 637 1, 586 10, 383 57 19 Net foreign investment Net financial investment: Private sectors Households Farm business Nonfarm noncorp. business Nonfinancial corp. bus. Private finan. insts. 1 2 3 4 5 6 13 14 15 16 17 18 4,329 9 ,853 3 ,108 1 ,297 - 2 ,249 656 323 1,769 14,599 -943 -917 11,973 1,003 - 2 ,214 4 ,014 -61 -1 ,098 - 5 ,773 704 - 5 ,053 5 ,238 - 4 ,184 -2,,275 -4,,774 942 4 ,198 1 ,602 - 1 ,570 170 3 ,093 903 - 8 ,292 3 ,978 - 2 ,971 - 3 ,359 - 7 ,686 1,,746 -586 10,978 -3,108 -385 -8,820 749 7,652 10,548 -677 -450 -3,420 1,651 6 ,815 9 ,140 1 ,586 -1 ,586 -3 ,833 1 ,508 20 21 22 23 24 25 1,216 228 881 25 82 14 ,361 112 14,,215 28 6 7,,669 -1, 048 8, 657 8 52 - 5 ,211 -1,,764 -3,,494 13 34 5,,290 -1,,991 7,,270 26 -15 4,199 -1,300 5,448 21 30 -7,029 -2,185 -4,919 31 44 -9,,778 -2,,026 -7,810 17 41 26 27 28 29 30 1,344 -2,,294 492 2, 310 753 -2,957 -300 32 Reval. of physical assets 33 Households 34 Farm business 35 Nonfarm noncorp. business 36 Nonfinancial corp. bus. 37 - Inventory valuation adj, 38 Private finan. insts. 52 ,665 13 ,661 8 ,271 11 ,514 13 ,452 - 5 ,263 504 56 ,690 17 ,320 6 ,301 12 ,288 14 ,398 -5 ,899 484 20 ,572 7 ,262 - 2 ,192 5 ,455 7 ,765 - 2 ,152 130 961 1 .172 -1 .651 1 ,416 1 ,893 1 ,856 -13 43 ,404 15 ,817 6 ,514 6 ,380 9 ,508 - 4 ,965 220 32 ,935 12 ,846 2 ,795 6 ,807 8 ,975 -1 ,199 313 6 .060 3 ,105 -565 1 ,111 3 ,465 1 ,000 -56 2 .047 - 2 ,069 ,082 186 1 ,641 -1 ,000 207 32 33 34 35 36 37 38 39 Revaluations by type of asset 40 Residential structures 41 Plant and equipment 42 Inventories 43 Consumer durables 52 ,665 20 ,392 19 ,292 12 ,689 292 56 ,690 ,946 19 ,834 11 ,401 2 ,509 20 ,572 9 ,953 9 ,188 537 894 961 3 ,696 2 ,811 - 4 ,963 -583 43 ,404 11 ,609 12 ,865 12 ,239 6 ,691 32 ,935 12 ,263 13 ,364 2 ,447 4 ,861 6 ,060 3 ,965 5 ,118 -3 ,892 869 2 ,047 768 1 ,917 628 -1 ,266 39 40 41 42 43 44 Change in land values 45 Households 46 Farm business 47 Nonfarm noncorp. business 48 Nonfinancial corp. business 49 Private finan. insvs. 12 ,542 3 ,000 4 ,316 2 ,937 2,,236 53 12 ,241 3 ,921 1 ,766 3 ,288 3,,193 73 9 ,082 2 ,958 1 ,201 2 ,436 2 ,454 33 6 ,135 2 ,037 135 2 ,007 1 ,943 13 19 ,806 4 ,010 9 ,963 2 ,847 2 ,933 53 17 ,197 3 ,837 ,050 2,,858 3,,386 66 8,,870 2,,739 758 2,,341 2,,999 33 7 ,425 2 ,540 -1 ,645 2 ,467 3 ,987 76 44 45 46 47 48 49 50 Adj. to capital consumption 51 Households 52 Farm business 53 Nonfarm noncorp. business 54 Nonfinancial corp. business 55 Private finan. insts. -3 126 54 •181 -2 -1 153 65 •219 167 74 -241 -1 170 81 -252 195 105 •301 2 -1 198 112 -311 2 -1 50 51 52 53 54 55 67, 619 53, 258 34, 522 1,550 3,899 12, 334 953 72, 615 64, 946 41, 461 1,858 4, 454 15,878 1,295 60, 508 65, 719 39, 656 2, 092 4, 716 17. 995 1,260 82, 847 77, 557 51, 739 2, 338 4, 999 16. 341 2. 140 93, 955 89, 756 58, 477 2, 670 5, 695 21, 734 1. 180 83, 405 90, 434 57, 328 2,894 6, 009 21, 996 2, 207 84, 637 94, 415 60, 787 3, 031 6, 255 22, 402 1. 940 56 57 58 59 60 61 62 14, 361 112 14,215 28 6 7, 669 - 1 , 048 8 , 657 8 52 —5. 211 - 1 , 764 - 3 ,494 13 34 5. 290 - 1 , 991 7. 270 26 -15 4. 199 - 1 , 300 5, 448 21 30 -7. 029 —2, 185 - 4 . 919 31 44 — 9, 778 -2, 026 - 7 .810 17 41 63 64 65 66 67 20 21 22 23 24 25 26 27 Public sectors State 8 local governments 29 30 Sponsored credit agencies Monetary authority 28 31 56 57 58 59 60 61 62 63 64 65 66 67 U.S. Government Unallocated financial flows Memo: Total gross domestic investment, nt, flow of funds basis 50, 251 Private sectors 49, 035 Households 36, 588 Farm business 1,277 Nonfarm noncorp. business 3, 127 Nonfinancial corp. busines 6,865 Private finan. institution 1, 178 Public sectors State 8 local governments U.S. Government Sponsored credit agencies Monetary authority DATA ARE IN MILLIONS OF DOLLARS. 1,216 228 881 25 82 - 176 87 -262 -1 7 -2 189 98 289 " -1 ,729 19 1,234 31 APRIL 1986 Sector Flow Summaries 721 Sector Flow Summaries Page 37 Sector Detail On Stock-Flow Reconciliation Items ANNUAL FLOWS ANNUAL FLOWS 1954 1955 1956 86 ,166 51 ,995 2 ,442 7 ,812 23 ,264 653 108 ,591 63 ,417 ,351 9 ,527 32 ,549 747 110,,864 62,,448 3,,304 7,,182 37,,178 752 110 ,741 62 ,090 2 ,508 9 ,549 35 ,731 863 100 ,673 59 ,155 4 ,126 8 ,728 27 ,798 866 122 ,980 69 ,393 3 ,713 10 ,891 37 ,960 1 ,023 121 ,645 69 ,359 3 ,548 10 ,086 37 ,845 807 7 Capital consumption 8 Households 9 Farm business Nonfarm noncorp. business 10 Nonfinancial corp. bus. 11 Private finan. insts. 12 57 ,591 30 ,763 3 ,192 6 ,462 16 ,765 409 60 ,650 32 ,353 3 ,300 6 ,778 17 ,785 434 67 ,517 36,,142 3 ,485 7,,355 20,,032 503 72 ,918 38 ,934 3 ,599 7 ,784 22 ,048 553 76 ,260 40 ,980 3 ,659 7 ,986 23 ,059 576 79 ,780 43 ,078 3 ,732 8 ,226 24 ,135 609 82 ,586 44 ,591 3 ,740 8 ,469 25 .134 652 85 ,200 7 46 ,264 8 3 ,734 9 8 ,635 10 25 ,882 11 685 12 13 Net capital formation Households 14 Farm business 15 Nonfarm noncorp. business 16 Nonfinancial corp. bus. 17 Private finan. insts. 18 28 ,575 21 ,232 750 1 ,350 6 ,499 244 47 ,941 31 ,064 -949 2 ,749 14 ,764 313 43,,347 26,,306 -181 -173 17,,146 249 37 ,823 23 ,156 - 1 ,091 1 ,765 13 ,683 310 24 ,413 18 ,175 467 742 4 ,739 290 43 ,200 26 ,315 -19 2 ,665 13 ,825 414 39 ,059 24 ,768 -192 1 ,617 12 ,711 155 33 ,817 19 ,884 -23 3 ,029 10 ,584 343 19 Net foreign investment Net financial investment: Private sectors Households Farm business Nonfarm noncorp. business NonfInancial corp. bus. Private finan. insts. -261 26 2,,112 4 ,568 356 -1 .879 1 .803 8 ,727 7 ,336 737 - 1 ,350 -815 2 ,819 - 2 ,566 4 ,407 916 - 2 ,749 - 6 ,680 1 ,540 2,,065 11,,709 138 173 -11,,392 1,,437 6 ,447 13 ,823 1 ,040 - 1 ,765 - 7 ,661 1 ,010 17 ,032 16 ,817 -499 -742 -867 2 ,323 5 ,695 12 ,647 -18 - 2 ,665 - 6 ,060 1 ,791 4 ,114 12 .275 157 - 1 .617 - 9 ,328 2 ,627 11 ,630 17 ,204 -6 - 3 ,029 - 5 ,598 3 ,059 20 21 22 23 24 25 Public•sectors State 8 local governments U.S. Government Sponsored credit agencies Monetary authority - 9 ,319 - 3 ,904 - 5 ,466 14 37 -256 - 4 ,243 3 ,937 18 32 61® -3,,363 3,,916 13 53 - 2 ,693 - 4 ,328 1 ,528 38 69 - 1 5 ,816 - 4 ,797 -11 ,113 35 59 - 6 ,759 - 3 ,659 - 2 ,938 30 -192 - 1 ,483 - 3 ,223 1 ,680 31 29 - 9 ,603 - 4 ,068 - 5 ,648 46 67 26 27 28 29 30 331 2 ,848 -572 814 -860 -815 -828 2 ,687 -259 614 788 1 ,231 -300 13 20,,986 2 ,988 1 ,199 4 ,252 10 ,438 -1 ,750 359 35,,172 8,,343 1,,538 6,,420 15,,717 -2,,675 479 8 ,530 - 3 ,888 2 ,774 1 ,459 6 ,518 - 1 ,525 142 8 ,804 3 ,422 1 ,442 1 ,741 1 ,888 -250 61 4 ,376 - 1 ,146 228 1 ,055 3 ,849 -277 113 -2,,946 - 3 ,952 1 ,555 649 -1,,651 -173 280 -1 ,525 -1,,599 1 ,051 -458 -363 271 115 32 33 34 35 36 37 38 39 Revaluations by type of asset Residential structures 40 Plant and equipment 41 Inventories 42 Consumer durables 43 2,,687 4 ,256 1,,952 -645 - 2 ,876 20,,986 8,,151 13,,706 1,,564 -2,,435 35,,172 4 ,878 201,356 4,,157 5,,781 8 ,530 1 ,224 8 ,803 2 ,094 - 3 ,591 8 ,804 2,,785 2,,416 1 ,547 2,,056 4 ,376 1,,042 4,,274 328 -612 -2,,946 905 -1,,991 765 -2,,625 -1,,525 548 -49 -704 -1,,320 39 40 41 42 43 44 Change in land values 45 Households Farm business 46 Nonfarm noncorp. business 47 Nonfinancial corp. business 48 49 Private finan. insts. 15 ,036 3,,478 3,,118 3 ,010 5 ,306 124 16,,870 4,,514 4,,218 3,,345 4,,642 151 29,,195 9,,173 7,,144 5,,293 7,,382 203 20 ,533 3 ,641 5 ,969 3 ,154 7 ,559 210 23,,766 3,,865 9,,434 3,,505 6,,744 218 19,,606 4,,190 5,,822 3,,590 5,,787 217 21,,605 10,,114 1,,283 4,,895 5,,097 216 19,,340 4,,111 5,,673 3,,663 5,,622 271 44 45 46 47 48 49 50 Adj. to capital consumption Households 51 Farm business 52 Nonfarm noncorp. business 53 Nonfinancial corp. business 54 Private finan. insts. 55 -3 200 118 -320 -1 -1 206 125 -331 -1 214 139 -352 -1 -1 222 157 -380 1 229 168 -396 -3 244 183 -430 - - -3 218 147 -369 2 -1 50 51 52 53 54 55 1 Purchases of physical assets Households 2 Farm business 3 Nonfarm noncorp. business 4 Nonfinancial corp. bus. 5 6 Private finan. insts. 20 21 22 23 24 25 26 27 28 29 30 31 Unallocated financial flows 32 Reval. of physical assets 33 Households Farm business 34 Nonfarm noncorp. business 35 Nonfinancial corp. bus. 36 37 - Inventory valuation adj. 38 Private finan. insts. 56 57 58 59 60 61 62 63 64 65 66 67 2 - 1957 1958 1959 1960 - 236 176 -413 1 1961 119 ,017 66 ,148 3 ,711 11 ,664 36 ,466 1 ,028 1 2 3 4 5 6 13 14 15 16 17 18 2 ,833 19 806 31 Memo: Total gross domestic investment. 85, 574 flow of funds basis 94,-893 Private sectors 59, 331 Households 3,,179 Farm business Nonfarm noncorp. business 6, 462 Nonfinancial corp. busines 22, 449 3, 472 Private finan. institution 105,,769 106, 025 67, 824 3, 267 6, 778 25, 869 2, 287 113, 548 112, 929 74, 157 3, 442 7, 355 25, 786 2, 189 114,,495 117,,188 75,,913 3,,548 7,,784 28,,070 1,,873 101,,889 117, 705 75,,972 3,,627 7,,986 26,,931 3,,189 121,,916 128, 675 82,,040 3,,695 8, 226 31, 900 2, 814 124, 276 125, 759 81, 634 3,,705 8, 469 28, 517 3,.434 121,,044 130, 647 83,,352 3,,705 8, 635 30, 868 4, 087 56 57 58 59 60 61 62 -9, 319 -3, 904 -5, 466 14 37 -256 -4, 243 3, 937 18 32 619 - 3 , 363 3, 916 13 53 -2,,693 -4,,328 1, 528 38 69 -15,,816 -4,,797 -11,,113 35 59 -6, 759 -3, 659 -2, 938 30 -192 -1, 483 -3, 223 1, 680 31 29 -9, 603 -4, 068 -5, 648 46 67 63 64 65 66 67 Public sectors State 8 local governments U.S. Government Sponsored credit agencies Monetary authority DATA ARE IN MILLIONS OF DOLLARS. APRIL 1986 Sector Flow Summaries Pcl^C 3 8 721 Sector Flow Summaries Sector Detail On Stock-Flow Reconciliation Items ANNUAL FLOWS ANNUAL FLOWS 1962 1 Purchases of physical assets Households 2 Farm business 3 Nonfarm noncorp. business 4 Nonfinancial corp. bus. 5 6 Private finan. insts. 1963 1964 1965 1966 1967 1968 1969 134 ,670 72 ,486 4 ,168 13 ,269 43 ,765 982 144 ,905 79 ,019 4 ,637 15 ,330 44 ,573 1 ,346 156 ,473 85 ,058 3 ,492 16 ,383 50 ,110 1 ,430 179 ,610 92 ,321 5 ,640 18 ,112 61 ,660 1 ,877 197 ,135 97 ,435 5 ,287 16 ,823 75 ,342 2 ,248 196 ,314 98 ,258 6 ,451 17 ,807 71 ,230 2 ,568 218 ,006 113 ,970 5 ,798 19 ,140 74 ,103 4 ,995 239 ,444 121 ,498 6 ,067 23 ,567 83 ,300 5 ,012 7 Capital consumption Households 8 Farm business 9 Nonfarm noncorp. business 10 Nonfinancial corp. bus. 11 Private finan. insts. 12 87 ,799 47 ,620 3 ,762 8 ,864 26 ,827 726 91 ,280 49 ,522 3 ,807 9 ,155 281,002 794 95 ,666 51 ,889 3 ,893 9 ,569 29 ,448 867 100 ,628 54 ,042 4 ,046 10 ,101 31 ,459 980 107 ,489 56 ,961 4,,288 10,,850 34,,281 1,,109 116 ,768 61 ,773 4 ,552 11 ,614 37 ,556 1 ,273 127 ,999 67 ,619 4,,852 12,,583 41,,448 1,,497 141 ,450 7 75 ,325 8 5,,251 9 13,,831 10 45,,399 11 1,,644 12 13 Net capital formation Households 14 Farm business 15 Nonfarm noncorp. business 16 Nonfinancial corp. bus. 17 Private finan. insts. 18 461,871 24,,866 406 4,.405 16, 938 256 53,,625 29,,497 830 6,, 175 16,,571 552 60,,807 33,,169 -401 6,,814 20,,662 563 78,,982 38,,279 1,,594 8,,011 30,,201 897 89,,646 40, 474 999 5,,973 41, 061 1. 139 79 ,546 36 ,485 1,,899 6,,193 33, 674 1,,295 90,,007 46,,351 946 6,,557 32,,655 3, 498 19 Net foreign investment Net financial investment: Private sectors Households Farm business Nonfarm noncorp. business Nonfinancial corp. bus. Private finan. insts. 2 ,264 4 ,052 5 ,914 4 ,973 3 ,661 2 ,377 1 ,060 10 ,884 17 ,696 -407 - 4 ,405 - 5 ,207 3 ,207 5 ,782 18 ,003 -947 -6 ,175 -6,,112 1,,013 12 ,946 24 ,140 391 -6,,814 -7,,270 2,,499 6 ,960 26 ,646 -1,,548 -8,,011 -11,,579 1,,452 7 ,645 31 ,865 -917 - 5 ,973 -18,,414 1,,084 20 ,344 42 ,119 -1,,858 -6,,193 -14,,865 1,,141 11 ,395 34,,968 -903 -6,,557 -17,,879 1,,766 - 3 ,769 26 ,810 -755 - 9 ,736 -19 ,490 -598 20 21 22 23 24 25 Public sectors State 8 local governments U.S. Government Sponsored credit agencies Monetary authority -8,,090 -3,,292 -4,,899 55 46 -2,,984 -2,,019 -1,,079 59 55 -6,,874 -3,.042 -3,,414 49 •467 -3,,430 -2,,905 -606 55 26 -3,,937 -2,,463 -1,,538 46 18 -18,,433 -4,,789 -13,,714 42 28 -14,,641 -5,,010 -9, 667 15 21 -3,,428 -9,,997 6,,494 35 40 26 27 28 29 30 -530 1, 254 158 1,443 -47 466 4, 306 32 Reval. of physical assets 33 Households 34 Farm business 35 Nonfarm noncorp. business 36 Nonfinancial corp. bus. 37 - Inventory valuation adj. 38 Private finan. insts. 87 -2,893 1,875 1,096 -541 26 576 - 5 ,937 -6 ,721 747 -1 ,856 1 ,783 54 164 12 ,772 3 ,483 877 2 ,858 4 ,396 -494 664 12 ,006 - 3 ,6:3 4 ,480 2 ,533 6 ,642 -1 ,245 719 45,470 17,798 2,274 9,237 13,466 -2,107 588 36 ,007 14 ,036 1 ,864 4 ,534 13 ,567 -1 ,554 452 95 ,366 43 ,441 5 ,327 16 ,631 26 ,996 - 3 ,651 -680 91 ,769 36 ,184 7 ,269 14 ,807 28 ,420 - 5 ,870 -781 32 33 34 35 36 37 38 39 Revaluations by type of asset 40 Residential structures 41 Plant and equipment 42 Inventories 43 Consumer durables 87 355 2,398 450 -3,116 -5 ,937 - 7 ,506 2,,976 -19 -1,,388 12 ,772 10 ,485 6 ,094 375 - 4 ,182 12 ,006 4 ,502 11 ,495 3 ,851 - 7 ,842 45,470 24,842 19,421 1,945 -738 36,,007 13,,199 17,,394 1,,950 3,,464 95 ,366 50,,563 34,,259 6,,464 4,,080 91 ,769 41,,964 35,,668 10,,847 3,,290 39 40 41 42 43 44 Change in land values 45 Households 46 Farm business 47 Nonfarm noncorp. business 48 Nonfinancial corp. business 49 Private finan. insts. 14,614 3,816 5,147 3,514 1,916 221 16,,613 2,,883 8,,068 3,,507 1,,973 182 21,,429 5,,831 8,,027 4,,218 3,,091 262 23,,038 4,,823 10,,764 3,,968 3,,251 232 40,265 20,096 7,899 8,443 3,654 173 17,,058 5,,435 9,,176 2, 252 234 -39 24,,242 13, 134 6, 103 4, 858 26 121 24, 744 12,,099 3, 144 5,,627 3,,654 220 44 45 46 47 48 49 50 Adj. to capital consumption 51 Households 52 Farm business 53 Nonfarm noncorp. business 54 Nonfinancial corp. business 55 Private finan. insts. -1 256 192 -448 -3 270 203 475 -2 286 212 499 -2 337 245 -583 -1 -1 -2 361 265 629 1 -4 393 288 •684 -1 -1 444 320 •765 -1 -2 308 227 537 1 -1 50 51 52 53 54 55 Memo: Total gross domestic investment, flow of funds basis 137 ,464 Private sectors 145 ,554 Households 90 ,182 Farm business 3 ,761 Nonfarm noncorp. business 8 ,864 Nonfinancial corp. busines 38 ,558 Private finan. institution 4 ,189 147 ,703 150,,687 97,,022 3,,690 9,,155 38,,461 2,,359 162 ,545 169 ,419 109,,198 3,,883 9,,569 42,,840 3,,929 183,,140 186,,570 118,,967 4,,092 10,,101 50,,081 3,,329 200 ,843 204 ,780 129 ,300 4 ,370 10 ,850 56 ,928 3,,332 198 ,225 216 ,658 140 ,377 4 ,593 11,,614 56,,365 3,,709 214 ,760 230 ,731 148,,938 4,,895 12,,583 57,,554 6,,761 232,,247 235 ,719 148,,308 5,,312 13,,831 63,,854 4,,414 56 57 58 59 60 61 62 -2,,984 -2,,019 -1,,079 59 55 -6,,874 -3,,042 -3,,414 49 -467 -3,,430 -2,,905 -606 55 26 -3,,937 -2,,463 -1,,538 46 18 -18,,433 -4,,789 -13,,714 42 28 -15,,971 -5,,010 -10,,997 15 21 -3,,472 -9,,997 6,,450 35 40 63 64 65 66 67 20 21 22 23 24 25 26 27 28 29 30 31 56 57 58 59 60 61 62 63 64 65 66 67 Unallocated financial flows Public sectors State 8 local governments U.S. Government Sponsored credit agencies Monetary authority DATA ARE IN MILLIONS OF DOLLARS. - 8 ,090 - 3 ,292 - 4 ,899 55 46 -1 97,,994 46,,173 816 9, 736 37, 901 3. 368 1 2 3 4 5 6 13 14 15 16 17 18 -1 ,044 19 6,,153 31 APRIL 1986 Sector Flow Summaries 721 Sector Flow Summaries Page 39 Sector Detail On Stock-Flow Reconciliation Items ANNUAL FLOWS ANNUAL FLOWS 1971 1 Purchases of physical assets 2 Households 3 Farm business 4 Ncnfarm noncorp. business 5 Nonfinancial corp. bus. 6 Private finan. insts. 234,465 119,392 6,866 24,191 78,922 5,094 270,070 140,858 8,336 30,933 84,453 5,490 313,207 164,155 7 Capital consumption 8 Households 9 Farm business 10 Nonfarm noncorp. business 11 Nonfinancial corp. bus. 12 Private finan. insts. 154,577 82,319 5,631 14,971 49,857 1,799 13 Net capital formation 14 Households 15 Farm business 16 Nonfarm noncorp. business 17 Nonfinancial corp. bus. 18 Private finan. insts. 39,590 94,098 6,558 363,507 183,385 13,698 42,858 115,849 7,717 364,616 180,358 10,808 33,344 132,114 7,992 354,920 193,840 17,730 24,876 110,874 7,600 439,142 237,502 13,324 27,594 152,964 7,758 528,552 284,213 18,044 40,265 177,208 169,383 90,201 5,942 16,426 54,783 2,031 184,349 97,377 6,605 17,989 60,111 2,267 201,554 106,567 7,228 19,965 65,223 2,571 231,333 120,492 8,308 23,013 76,301 3,219 268,788 136,744 9,789 26,469 91,878 3,908 297,791 151,270 10,771 28,901 102,301 4,548 332,704 7 168,582 8 12,099 9 32,378 10 114,321 11 5,324 12 79 ,888 37 ,073 1 ,235 9 ,220 29 ,065 3 ,295 100 ,687 50 ,657 2 ,394 14 ,507 29 ,670 3 ,459 128 ,858 66 ,778 2 ,201 21 ,601 33 ,987 4 ,291 161 ,953 76 ,818 6 ,470 ,893 50 ,626 5 ,146 133 ,283 59 ,866 2 ,500 10 ,331 55 ,813 4 ,773 86 ,132 57 ,096 7 ,941 -1 ,593 18 ,996 3 ,692 141 ,351 86 ,232 2 ,553 -1 ,307 50 ,663 3 ,210 195 ,848 115 ,631 5 ,945 7 ,887 62 ,887 3 ,498 8,806 8,822 1 2 3 4 5 6 13 14 15 16 17 18 19 Net foreign investment Net financial investment: Private sectors Households Farm business Nonfarm noncorp. business Nonfinancial corp. bus. Private finan. insts. 2 ,115 -11 ,211 - 7 ,676 4 ,483 2 ,515 23 ,978 14 ,747 20 ,935 51 ,653 -1 ,227 -9 ,220 -21 ,830 1 ,559 20 ,773 46 ,796 - 2 ,379 -14 ,507 -15 ,121 5 ,984 12 ,986 52 ,267 - 2 ,029 -21 ,601 -16 ,455 804 9 ,329 60 ,579 - 5 ,871 -22 ,893 -30 ,292 7 ,806 11 ,753 74 ,995 - 2 ,278 -10 ,331 -52 ,599 1 ,966 99 ,162 100 ,960 - 7 ,394 1 ,593 4 ,035 -32 67 ,565 84 ,150 - 2 ,109 1 ,307 -23 ,440 7 ,657 26 ,924 59 ,791 -5 ,654 - 7 ,887 -34 ,382 15 ,056 20 21 22 23 24 25 26 27 28 29 30 -18 ,915 -4 ,674 -14 ,279 17 21 -34 ,509 -10 ,051 -24 ,499 95 -54 -18 ,909 134 -19 ,290 146 101 -3 ,887 1 ,781 -6 ,061 261 132 -13 ,536 -6 ,898 -7 ,236 468 130 -85 ,184 -11 ,263 -74 ,428 271 236 -60 ,863 -2 ,637 -58 ,605 331 48 -44 ,972 10 ,281 -55 ,831 355 223 26 27 28 29 30 95 2,,525 -1,,753 -959 4 ,298 10,,000 8 ,045 32 Reval. of physical assets 33 Households 34 Farm business 35 Nonfarm noncorp. business 36 Nonfinancial corp. bus. 37 - Inventory valuation adj. 38 Private finan. insts. 77,,348 27,»043 2,,605 10,,814 30,,873 -6,.552 •539 111,,802 43,,805 8,,274 18,.918 36,.240 -4,584 -19 116,,583 47,,746 14,,121 17,.429 31,.829 -6,.610 -1, 152 220 ,679 86,,220 25,,038 30,,238 59,,207 -20,,022 —46 428,,396 145,,256 15,,306 52..615 171,.363 -39,.457 4, 399 220,,562 78,.235 4,.806 30,.504 94, 568 -10, 952 1,497 257 ,848 110,,892 7,,907 46,,663 74,,418 -14,.911 3,.057 358,,078 164,,062 12,,047 64,.576 96, 563 -16,.637 4, 193 32 33 34 35 36 37 38 39 Revaluations by type of asset 40 Residential structures 41 Plant and equipment 42 Inventories 43 Consumer durables 77, 348 20, 312 43, 480 4, 758 8, 798 111,802 55, 706 50, 757 9, 790 —4« 451 116, 583 61, 492 41, 660 17, 270 -3,839 220,.679 100,.478 68, 200 47, 393 4, 608 428, 396 120, 443 208, 843 55, 330 43, 780 220, 562 76, 400 109, 914 11, 109 23, 139 257,.848 127, 805 97, 493 18, 405 14, 145 358, 078 190, 249 127, 227 21, 164 19, 438 39 40 41 42 43 44 Change in land values 45 Households 46 Farm business 47 Nonfarm noncorp. business 48 Nonfinancial c>rp. business 49 Private finan. insts. 18,861 7,459 4, 561 4, 057 2, 651 133 38, 633 16,594 11. 965 6, 912 2, 979 183 70,835 19, 694 23, 788 18, 766 8, 399 188 128,834 35, 934 54, 401 25,841 12,407 251 102,848 31, 762 21, 454 26, 233 22,891 508 101, 560 18,866 53, 256 23, 638 6, 125 325 175, 915 57, 437 70, 443 33, 957 13, 932 146 209, 218 82, 172 47, 117 57, 013 22, 653 263 44 45 46 47 48 49 50 Adj. to capital consumption 51 Households 52 Farm business 53 Nonfarm noncorp. business 54 Nonfinancial corp. business 55 Private finan. insts. 469 349 817 548 421 967 -2 -3 618 467 -1, 087 -1 704 549 -1,254 -1 785 672 -1,455 -2 -1 -3 860 768 -1, 630 -1 -2 505 373 880 1 -1 -1 -1 981 891 -1,873 1 -1 50 51 52 53 54 55 Memo: Total gross domestic investment flow of funds basis 236 ,485 Private sectors 255 ,729 Households 171 ,045 Farm business 5 ,639 Nonfarm noncorp. business 14,,971 Nonfinancial corp. busines 57,,421 Private finan. institution 6,.653 256 ,334 291 ,560 187 ,654 5 ,957 16,,426 70,,049 11,,474 307 ,284 327 ,105 216 ,422 6 ,777 17,,989 78,,555 7,,362 368 ,949 376 ,004 243 ,964 7 ,827 19 ,965 88 ,725 15 ,523 362 ,833 382 ,859 255 ,353 8 ,530 23,,013 86 ,005 9,,958 368 ,898 455 ,405 294 ,800 10 ,336 26 ,469 116 ,232 7 ,568 445 ,844 510 ,680 321 ,652 11 ,215 28 ,901 133 ,497 15,,415 510 ,504 557 ,946 344 ,004 12 ,390 32 ,378 145 ,296 23 ,878 56 57 58 59 60 61 62 -35,.226 -10,.051 -25, 216 95 -54 -19,,821 134 -20,.202 146 101 -7,,055 1 ,781 -9,,229 261 132 -20,.026 -6,898 -13,.726 468 130 -86 ,507 -11,,263 -75,.751 271 236 — 64,,836 -2,,637 -62,.578 331 48 -47 ,442 10 ,281 -58,,301 355 223 63 64 65 66 67 20 21 22 23 24 25 31 56 57 58 59 60 61 62 63 64 65 66 67 Public sectors State & local governments U.S. Government Sponsored credit agencies Monetary authority Unallocated financial flows Public sectors State 8 local governments U.S. Government Sponsored credit agencies Monetary authority DATA ARE IN MILLIONS OF DOLLARS. - -19,.244 -4,.674 -14,.608 17 21 - -1 -16 ,524 19 1 ,524 31 APRIL 1986 Sector Flow Summaries 4*0 721 Sector Flow Summaries Sector Detail On Stock-Flow Reconciliation Items ANNUAL FLOWS ANNUAL FLOWS 1978 1 Purchases of physical assets Households 2 3 Farm business 4 Nonfarm noncorp. business 5 Nonfinancial corp. bus. 6 Private finan. insts. 1979 1980 1981 1982 1983 1984 1985 622 ,423 327 ,698 21 ,726 46 ,575 214 ,964 11 ,460 673,799 356,059 26,886 43,716 233,506 13,632 656 ,250 342 ,650 15 ,402 45 ,461 239 ,073 13 ,664 755,387 362,021 27,186 68,691 281,492 15,997 699,938 354,903 16,482 62,824 248,526 17,203 791,489 427,954 8,454 72,381 263,570 19,130 1005,143 498,796 25,761 90,689 368,369 21,528 7 Capital consumption 8 Households 9 Farm business 10 Nonfarm noncorp. business Nonfinancial corp. bus. 11 12 Private finan. insts. 376 ,700 189 ,861 13 ,557 37 ,047 129 ,844 6 ,391 430,714 214,666 15,343 43,473 149,609 7,623 491 ,212 243 ,053 17 ,591 50 ,435 171 ,262 8 ,871 550,352 263,740 19,363 57,982 198,782 10,485 598,566 280,277 20,455 64,413 221,403 12,018 625,875 294,456 20,837 67,214 230,511 12,857 659,325 312,061 20,956 71,324 240,883 14,101 696,565 7 334,007 8 20,775 9 74,209 10 252,085 11 15,489 12 13 Net capital formation 14 Households 15 Farm business 16 Nonfarm noncorp. business 17 Nonfinancial corp. bus. 18 Private finan. insts. 245 ,723 137 ,837 8 ,169 9 ,528 85 ,120 5 ,069 243,085 141,393 11,543 243 83,897 6,009 165 ,038 99 ,597 - 2 ,189 - 4 ,974 67 ,811 4 ,793 205,035 98,281 7,823 10,709 82,710 5,512 101,372 74,626 -3,973 -1,589 27,123 5,185 165,614 133,498 -12,383 5,167 33,059 6,273 345,818 186,735 4,805 19,365 127,486 7,427 333,110 199,466 -6,271 24,162 110,772 4,981 26 ,715 1029,675 533,473 14,504 98,371 362,857 20,470 1 2 3 4 5 6 13 14 15 16 17 18 19 Net foreign investment Net financial investment: Private sectors Households Farm business Nonfarm noncorp. business Nonfinancial corp. bus. Private finan. insts. - 2 ,838 24,528 27,302 24,772 -29,278 -76,872 -93,035 19 15 ,615 60 ,794 - 7 ,267 - 9 ,528 -50 ,168 21 ,784 39,004 59,855 -10,628 -243 -32,220 22,240 107 ,344 129 ,675 2 , 654 4 ,974 -51 ,001 21 ,042 98,305 194,082 -7,600 -10,709 -78,067 599 182,509 236,744 4,470 1,589 -59,807 -487 158,160 157,439 13,019 -5,167 -23,229 16,098 115,870 228,527 -3,518 -19,365 -91,755 1,981 119,477 170,851 8,083 -24,162 -39,414 4,119 20 21 22 23 24 25 Public sectors State 8 local governments U.S. Government Sponsored credit agencies Monetary authority - 3 2 ,540 '4,822 -38 ,562 520 680 -19,158 5,342 -25,276 556 220 -66 ,976 - 2 ,906 — 64 ,580 : 337 173 -74,348 3,835 -79,130 498 449 -150,672 1,277 -153,203 1,107 147 -186,096 7,347 -194,817 867 507 -179,959 12,413 -193,814 867 575 -214,904 2,394 -217,823 347 178 26 27 28 29 30 14 ,087 4,682 -13,,653 3,345 -7,065 -1,342 -12,783 32 Reval. of physical assets 33 Households 34 Farm business 35 Nonfarm noncorp. business 36 Nonfinancial corp. bus. 37 - Inventory valuation adj. 38 Private finan. insts. 545 ,618 220,,469 32,-416 97,,604 162,,359 -25.,298 7, 472 520,047 184,783 17,372 122,679 148,314 -43,175 3,724 611,,476 188,,974 29,,796 133,,166 208,,228 -43,,129 8,,183 540,882 162,123 8,469 122,901 215,321 -24,189 7,879 64,941 -67,305 2,764 39,287 76,256 -10,352 3,587 252,611 119,944 19,092 60,383 43,706 -9,953 -467 191,106 40,919 1,679 82,862 56,530 -5,374 3,742 41,348 -18,346 -6,065 55,829 3,721 -615 5,594 32 33 34 35 36 37 38 39 Revaluations by type of asset 40 Residential structures Plant and equipment 41 42 Inventories 43 Consumer durables 545,,618 233,,760 221, 773 53, 903 36, 182 520,047 235,073 160,521 73,615 50,838 611,,476 216, 391 259, 484 72,843 62, 758 540,882 207,064 269,025 25,654 39,139 64,941 -57,624 107,599 7,003 7,963 252,611 152,613 74,067 24,020 1,911 191,106 109,578 83,360 2,288 -4,120 41,348 32,086 19,156 -8,558 -1,336 39 40 41 42 43 44 Change in land values 45 Households 46 Farm business 47 Nonfarm noncorp. business 48 Nonfinancial corp. business 49 Private finan. insts. 294, 850 105, 596 81, 364 73, 228 33, 929 733 328,571 103,709 100,831 91,947 32,3. 1 53 303, 640 82, 159 67, 131 102,877 50, 710 763 306,293 124,350 -11,772 132,595 60,275 845 -35,554 -98,250 -37,581 55,618 44,302 357 359,900 194,905 -17,204 139,177 42,535 487 94,955 53,590 -109,112 102,465 47,269 743 2,219 29,602 -83,740 41,377 14,692 288 44 45 46 47 48 49 50 Adj. to capital consumption Households 51 52 Farm business 53 Nonfarm noncorp. business 54 Nonfinancial corp. business 55 Private finan. insts. -1 1, 127 027 - 2 , 156 1 -2 1,311 1,193 -2,505 -1 -1 1,494 399 - 2 ,893 -1 -2 1,653 1,570 -3,226 1 1,749 1,680 -3,428 -1 -3 1,802 1,731 -3,535 -1 2 1,934 1,746 -3,679 3 -2 788 2,033 1,657 -2,852 -53 3 50 51 52 53 54 55 20 21 22 23 24 25 26 27 28 29 30 31 56 57 58 59 60 61 62 63 64 65 66 67 Unallocated financial flows - Memo: Total gross domestic Investment, flow of funds basis 605, 498 Private sectors 640, 011 Households 388, 492 Farm business 14, 459 Nonfarm noncorp. business 37, 047 Nonfinancial corp. busines 166, 769 Private finan. institution 33, 244 Public sectors State 8 local governments U.S. Government Sponsored credit agencies Monetary authority DATA ARE IN MILLIONS OF DOLLARS. - 3 4 ,513 4, -40,535 520 680 - - " 2,392 31 693,645 717,548 415,914 16,258 43,473 206,031 35,872 696, 618 768, 591 472, 325 18, 056 50, 435 193, 069 34, 706 779,344 858,539 556,103 19,586 57,982 208,272 16,596 731,775 890,238 591,647 20,952 64,413 196,510 16,716 763,553 957,434 585,393 21,473 67,214 248,126 35,228 941,054 1128,915 727,323 22,243 71,324 284,516 23,509 934,248 1153,528 704,324 22,587 74,209 327,819 24,589 56 57 58 59 60 61 62 -23,903 5,342 -30,021 556 220 -71, 973 - 2 , 906 -69,577 337 173 -79,195 3,835 -83,977 498 449 -158,463 1,277 -160,994 1,107 147 -193,881 7,347 -202,602 867 507 -187,861 12,413 -201,716 867 575 -219,280 2,394 -222,199 347 178 63 64 65 66 67 722 Households APRIL 1986 Households Sector Stock-Flow Reconciliation Statements JbS^LOW# 1 ANNUAL FLOWS 1948 1949 1950 1953 1951 Households, Personal Trusts, and Nonprofit Organizations 1 Gross inv.,flow of funds basis 36, 588 34, 522 41, 461 39, 656 51, 739 58, 477 57, 328 60, 787 1 27, 777 2 2 - Capital consump. allow, NIPA 11, 412 13, 969 16, 083 17,853 19,848 23, 139 25, 582 = Net investment flow, 3 balance sheet basis 25, 176 20, 553 25, 378 21,,803 31, 891 35, 338 31, 746 33, 010 3 4 - Depreciation valuation adj. 5 Depreciation charges 6 -Cap. consump. allow., NIPA 126 11, 538 11, 412 153 14, 122 13, 969 167 16,,250 16,,083 170 18,,023 17,,853 176 20,,024 19,,848 189 23, 328 23,,139 195 25,,777 25, 582 198 27, 975 27,,777 4 5 6 7 + Reval. of physical assets 8 Change in value 9 Depreciation charges 10 -Gross purchases, F/F basis 13,.661 24, 112 11,,538 21,,989 17, 320 33, 706 14,,122 30,,508 7,,262 27,,235 16,,250 36,,223 1,,172 21,,203 18,,023 38,,054 15,,817 43,,554 20,,024 47 ,761 12,,846 37,,017 23,,328 47,,499 3,,105 24,,108 25,,777 46,,780 -2,,069 7 21,,603 8 27,,975 9 51,,647 10 11 12 13 14 13 ,661 11 ,688 1 ,681 292 17,,320 13 ,135 1 ,676 2 ,509 7,,262 5 ,948 420 894 1 ,172 1 ,935 -180 -583 15 ,817 8 ,341 785 6 ,691 12,,846 7,,055 930 4 ,861 3,,105 2,,020 216 869 15 Revaluation by type of asset Residential structures Nonres. plant & equipment Consumer durables • Change in the value of land holdings 16 + Reval. of corporate equities 17 Change in value 18 -Net purchases 19 20 21 • Reval. of life insurance 8 pension fund reserves Change in value -Net acquisitions 22 • Reval. of noncorp. equity 23 Change in value 24 -Net inv. in noncorp. bus. 25 • Other revaluations 26 = Change in net worth 27 Memo: Disp. personal income DATA ARE IN MILLIONS OF DOLLARS. -2,,069 -633 -170 -1,,266 11 12 13 14 3 ,000 3 ,921 2 ,958 2 ,037 4 ,010 3 ,837 2,739 2,,540 15 - 9 ,315 - 8 ,181 1 ,134 - 3 ,250 - 2 ,138 1 ,112 - 2 ,089 - 1 ,113 976 8 ,614 9 ,309 695 23 ,541 24 ,218 677 20 ,804 22 ,630 1 ,826 12 ,494 14 ,136 1 ,642 - 8 ,989 16 - 8 ,015 17 974 18 5 ,309 5 ,309 5 ,373 5 ,373 5 ,295 5 ,295 5 ,588 5 ,588 6 ,872 6 ,872 6 ,294 6 ,294 7 7 ,663 7 ,656 4 19 7 ,866 20 7 ,862 21 25 ,315 27 ,694 2 ,379 23 ,246 24 ,460 1 ,214 6 ,948 11 ,708 4 ,760 2 ,176 2 ,845 669 24 ,647 29 ,019 4 ,372 18 ,903 20 ,702 1 ,799 3 ,825 3 ,983 158 2 ,381 22 2 ,243 23 -138 24 -63 -23 -100 -100 -100 -100 -23 2 25 53 ,698 26 ,681 26 239 ,795 255 ,105 27 57 ,648 61 ,614 40 ,190 35 ,532 99 ,630 91 ,439 158 ,915 168 ,779 188 ,150 187 ,941 207 ,475 227 ,593 722 Households APRIL 1986 Households Page 42 Sector Stock-Flow Reconciliation Statements ANNUAL FLOWS ANNUAL FLOWS 1959 1958 1957 1956 1955 Households, Personal Trusts, and Nonprofit Organizations i I 59,331 67,,824 74,,157 75, 913 75,,972 82, 81,,634 83 ,352 1 2 - Capital consump. allow, NIPA 30,763 32,,353 36,,142 38,,934 40,,980 43,,078 44,,591 46,,264 2 = Net investment flow, 3 balance sheet basis 28,568 35 ,471 38,,015 36,,979 34,,992 38,,962 37,,043 37,,088 3 4 5 6 1 Gross inv.,flow of funds basis 4 - Depreciation valuation adj. 5 Depreciation charges 6 -Cap. consump. allow., NIPA 200 30,963 30,763 206 32 ,559 32 ,353 214 36,,356 36,,142 218 39,,152 38,,934 222 41,,202 40,,980 229 43,,307 43,,078 236 44,,827 44,,591 244 46,,508 46,,264 7 • Reval. of physical assets 8 Change in value 9 Depreciation charges 10 -Gross purchases, F/F basis -259 20,773 30,963 51,995 2 ,988 33 ,846 32 ,559 63 ,417 8 ,343 34,,435 36 ,356 62,,448 -3,,888 19,,050 39,,152 62 ,090 3,,422 21,,375 41,,202 59,,155 -1,,146 24 ,940 43 ,307 69,,393 - 3 ,952 20 ,580 44 ,827 69 ,359 -1 ,599 7 18 ,041 8 46 ,508 9 66 ,148 10 11 12 13 14 -259 2,651 -34 -2,876 2 ,988 4 ,502 921 - 2 ,435 8 ,343 1,,438 ,124 5 ,781 -3,,888 -419 122 -3,,591 3,,422 1,,658 -292 2,,056 -1,,146 -417 -117 -612 - 3 ,952 -1 ,067 -260 - 2 ,625 - 1 ,599 -583 304 -1 ,320 3,478 4,514 9,173 3,,641 3,,865 4,,190 10,,114 4,,111 15 104,,382 105,,929 1,,547 28,,140 28,,680 540 - 5 ,950 -6 ,534 -584 105,,068 16 105,,346 17 278 18 15 Revaluation by type of asset Residential structures Nonres. plant 8 equipment Consumer durables • Change in the value of land holdings 16 + Reval. of corporate equities 17 Change in value 18 -Net purchases 19 20 21 • Reval. of life insurance 8 pension fund reserves Change in value -Net acquisitions 22 + Reval. of noncorp. equity 23 Change in value 24 -Net inv. in noncorp. bus. 11 12 13 14 71,780 72,605 825 50,319 51,274 955 16,809 18,794 1,985 -39 ,249 - 3 7 ,705 1 ,544 7,877 ,824 53 2,,265 10,,797 8,,532 5 9 ,514 9,,509 -662 8 ,826 9 ,488 2,,733 13,,111 10,,378 1,,246 13,,115 11,,869 88 11,,636 11 ,548 4,,201 19 16 ,284 20 12 ,083 21 7 ,580 5 ,780 - 1 ,800 12,,990 11,,025 -1,,965 20 ,052 18 ,782 -1 ,270 13 ,092 12 ,196 -896 15,,631 15,,855 224 10 ,693 8 ,110 - 2 ,583 8 ,523 6 ,095 - 2 ,428 9,,808 22 10,,325 23 517 24 7 -2 3 1 1 1 410 3 -546 25 26 = Change in net worth 110 ,998 108,,344 92 ,184 9 ,696 164 ,804 82 ,266 45 ,633 157,,887 26 27 Memo: 260 ,597 278 ,771 297 ,542 313 ,969 324 ,886 344 ,629 358 ,928 373,,774 27 25 + Other revaluations Disp. personal income DATA ARE IN MILLIONS OF DOLLARS. APRIL 1986 Households 722 Households Sector Stock-Flow Reconciliation Statements PelgC ANNUAL FLOWS 4 3 ANNUAL FLOWS 1962 1963 1964 1965 1966 1967 1968 1969 Households, Personal Trusts, and Nonprofit Organizations 1 Gross inv.,flow of funds basis 140,,377 148 ,938 148 ,308 1 56,,961 61,,773 67 ,619 75 ,325 2 64 ,925 72,,339 78,,604 81 ,319 72 ,983 3 308 54 ,350 54 ,042 337 57,,298 56,,961 361 62,,134 61,,773 393 68 ,012 67 ,619 444 75 ,769 75 ,325 4 5 6 3 ,483 36 ,366 52 ,175 85 ,058 - 3 ,613 34 ,358 54,,350 92 ,321 17,,798 57,,935 57,,298 . 97,,435 14,,036 50,,160 62,,134 98,,258 43 ,441 89 ,399 68 ,012 113 ,970 3 ,483 7 ,039 626 — 4 ,182 ! -3,,613 2 ,922 1 ,307 -7,,842 17,,798 16,,471 2,,065 -738 14,,036 9,,549 1,,023 3,,464 43 ,441 35 ,529 3 ,832 4 ,080 90 ,182 97,,022 Capital consump. allow, NIPA 47 ,620 49,,522 51 ,889 54 ,042 3 Net investment flow, balance sheet basis 42 ,562 47,,500 57 ,309 4 5 6 Depreciation valuation adj. Depreciation charges -Cap. consump. allow., NIPA 256 47 ,876 47 ,620 270 49,,792 49,,522 286 52 ,175 51 ,889 Reval. of physical assets Change in value Depreciation charges -Gross purchases, F/F basis - 2 ,893 211,717 47 ,876 72 ,486 -6,,721 22,,506 49,,792 79,,019 Revaluation by type of asset Residential structures Nonres. plant 8 equipment Consumer durables - 2 ,893 -207 430 - 3 ,116 -6,,721 - 5 ,927 594 -1,,388 2 - 7 8 9 10 + 11 12 13 14 • Change in the value of land holdings • Reval. of corporate equities Change in value -Net purchases • 15 16 17 18 19 20 21 109 ,198 129,,300 118 ,967 36 81 75 121 ,184 7 ,913 8 ,769 9 ,498 10 36,,184 28,,466 4,,428 3,,290 11 12 13 14 3 ,816 2,,883 5 ,831 4,,823 20,,096 5,,435 13 ,134 12,,099 15 -61 ,279 - 6 3 ,371 - 2 ,092 79 ,064 76 ,459 -2,,605 50 ,983 50 ,811 -172 73,,00* 70 ,891 -2,,109 -59,,261 -59,,984 -723 149,,497 144,,827 -4,,670 144 ,978 137 ,490 - 7 ,488 -108,,946 16 -111,,778 17 -2,,832 18 Reval. of life insurance 8 pension fund reserves Change in value -Net acquisitions - 3 ,266 9 ,406 12 ,672 3 ,906 17 ,792 13 ,886 4 ,050 20 ,173 16 ,123 4,,073 20,,993 16,,920 -4,,953 14,,219 19,,172 . 8,,318 26, 958 18,,640 6 ,569 26,,324 19,,755 - 5 ,956 19 15,,551 20 21,,507 21 11 ,718 11 ,892 174 10 ,035 11 ,629 1 ,594 15 ,845 15 ,233 -612 21,,168 21,,452 • 284 1 27,,775 26, 995 -780 17,,582 16,,752 -830 32,,550 30,,592 -1,,958 30,,754 26,,296 23 -4,,458 24 22 23 24 • Reval. of noncorp. equity Change in value -Net inv. in noncorp. bus. 25 • Other revaluations 26 = Change in net worth 27 Memo: Disp. personal income DATA ARE IN MILLIONS OF DOLLARS. e' 311 488 826 -36 25 53 -51 929 25 - 9 ,287 136 ,885 138,,041 164,,032 73,,482 273,,164 321,,547 37,,603 26 396 ,167 415,,834 451 ,413 486 ,808 4 525,,910 562,,092 609,,582 656,,687 27 APRIL 1986 Households 4 4 722 Households Sector Stock-Flow Reconciliation Statements ANNUAL FLOWS ANNUAL FLOWS 1970 1971 1972 1973 1974 1975 1976 1977 Households, Personal Trusts, and Nonprofit Organizations 1 Gross inv.,flow of funds basis 2 - Capital consump. allow, NIPA 3 « Net Investment flow, balance sheet basis 171 ,045 187 ,654 216 ,422 243 ,964 255 ,353 294 ,800 321 ,652 344 ,004 1 82 ,319 90 ,201 97 ,377 106 ,567 120 ,492 136 ,744 151 ,270 168 ,582 2 88 ,726 97 ,453 119 ,045 137 ,397 134 ,861 158 ,056 170 ,382 175 ,422 3 4 5 6 - Depreciation valuation adj. Depreciation charges -Cap. consump. allow., NIPA 469 82 ,788 82 ,319 505 90 ,706 90 ,201 548 97 ,925 97 ,377 618 107 ,185 106 ,567 704 121 ,196 120 ,492 785 137 ,529 136 ,744 860 152 ,130 151 ,270 981 169 ,563 168 ,582 4 5 6 7 8 9 10 + Reval. of physical assets Change in value Depreciation charges -Gross purchases, F/F basis 27 ,043 63 ,647 82 ,788 119 ,392 43 ,805 93 ,957 90 ,706 140 ,858 47 ,746 113 ,976 97 ,925 164 ,155 86 ,220 162 ,420 107 ,185 183 ,385 145 ,256 204 ,418 121 ,196 180 ,358 78 ,235 134 ,546 137 ,529 193 ,840 110 ,892 196 ,264 152 ,130 237 ,502 164 ,062 7 278 ,712 8 169 ,563 9 284 ,213 10 Revaluation by type of asset Residential structures Nonres. plant 8 equipment Consumer durables 27 ,043 13 ,877 4 ,368 8 ,798 43 ,805 41 ,872 6 ,384 -4,,451 47 ,746 46 ,311 5 ,274 - 3 ,839 86 ,220 74 ,422 7 ,190 4 ,608 145 ,256 86 ,531 14 ,945 43 ,780 78 ,235 50 ,970 4 ,126 23 ,139 110 ,892 89 ,350 7 ,397 14 ,145 164 ,062 134 ,088 10 ,536 19,,438 11 12 13 14 + Change in the value of land holdings + Reval. of corporate equities Change in value -Net purchases + 15 16 17 18 19 20 21 22 23 24 + 11 12 13 14 7 ,459 16,,594 19,,694 35 ,934 31 ,762 18 ,866 57 ,437 82,,172 15 -15,,824 -17,,534 -1,,710 109,,657 104,,192 -5, 465 81,,309 75,,898 -5,,411 -197,,081 -202,,966 -5,,885 -206 ,138 -207,,246 -1,,108 152,,920 148,,411 -4,,509 123,,625 119,,121 -4,,504 -38,,719 16 -42, 602 17 -3,883 18 Reval. of life insurance 8 pension fund reserves Change in value -Net acquisitions 2,,275 26,,186 23, 911 15, 314 42, 762 27, 448 23, 370 57, 652 34, 282 -34,,993 3, 823 38, 816 -37, 538 9, 476 47,,014 33, 661 88, 522 54,.861 10, 272 70, 348 60, 076 -15, 667 19 56, 084 20 71, 751 21 Reval. of noncorp. equity Change in value -Net inv. in noncorp. bus. 23, 805 18, 416 -5, 389 44, 169 40, 701 -3, 468 72, 309 64, 607 -7, 702 131, 887 124, 972 -6, 915 114, 573 99, 766 -14,807 107, 796 94, 038 -13, 758 155, 114 131, 935 -23, 179 179, 011 22 151, 170 23 -27,841 24 25 + Other revaluations 26 = Change in net worth 27 Memo: Disp. personal income DATA ARE IN MILLIONS OF DOLLARS. -1*748 779 -1, 320 -2, 131 3, 270 197 519 309 25 131, 267 325, 708 361, 605 156, 615 185, 342 548, 946 626, 343 544, 991 26 715, 595 776, 784 839,596 949, 769 1038, 372 1142, 782 1252, 645 1379, 341 27 APRIL 1986 Households 722 Households Sector Stock-Flow Reconciliation Statements Pd.§C ANNUAL FLOWS 4 5 ANNUAL FLOWS 1978 1979 1980 1981 1982 1983 1984 1985 Households, Personal Trusts, and Nonprofit Organizations 1 Gross Inv.,flow of funds basis 388 ,492 415 ,914 472 ,325 556 ,103 591 ,647 585 ,393 727 ,323 704 ,324 1 2 Capital consump. allow, NIPA 189 ,861 214 ,666 243 ,053 263 ,740 280 ,277 294 ,456 312 ,061 334 ,007 2 Net investment flow, balance sheet basis 198 ,631 201 ,248 229 ,272 292 ,363 311 ,370 290 ,937 415 ,262 370 ,317 3 Depreciation valuation adi. Depreciation charges -Cap. consump. allow., NIPA 1 ,127 190 ,988 189 ,861 1 ,311 215,,977 214,,666 I ,494 244 ,547 243 ,053 1 ,653 265 ,393 263 ,740 1 ,749 282 ,026 280 ,277 1 ,802 296 ,258 294 ,456 1 ,934 313 ,995 312 ,061 2 ,033 336 ,040 334 ,007 4 5 6 40 225 313 498 -18,,346 7 179 ,087 8 336 ,040 9 533 ,473 10 - 3 4 5 6 - 7 + Reval. of physical assets 8 Change in value 9 Depreciation charges 10 -Gross purchases, F/F basis 220 357 190 327 ,469 ,179 ,988 ,698 184,,783 324,,865 215 ,977 356 ,059 188,,974 287 ,077 244 ,547 342,,650 162 ,123 258 ,751 265 ,393 362 ,021 - 6 7 ,305 5 ,572 282 ,026 354 ,903 119 ,944 251 ,640 296 ,258 427 ,954 Revaluation by type of asset Residential structures Nonres. plant 8 equipment Consumer durables 220 159 24 36 ,469 ,388 ,899 ,182 184,,783 126,,916 7,,029 50,,838 188 ,974 108,,908 17,,308 62,,758 162 ,123 105 ,608 17 ,376 39 ,139 - 6 7 ,305 - 7 8 »772 3 ,504 7 ,963 119 ,944 105 ,074 12 ,959 1 ,911 40 ,919 34 ,594 10,,445 -4,,120 Change in the value of land holdings 105 ,596 103,,709 82,,159 124 ,350 -98 ,250 194 ,905 53,,590 29,,602 15 22 ,939 17 ,537 - 5 ,402 169,,875 151,,394 -18,,481 305,,146 296,,141 -9,,005 -23 ,762 -53 ,786 -30 ,024 147 ,908 140 ,725 -7,,183 178 ,982 183 ,149 4 ,167 75,,661 34,,432 -41,,229 372,,034 16 349,,952 17 -22,,082 18 3 ,410 90,,013 86,,603 22,,655 117,,743 95,,088 53,,094 169,,122 116,,028 -26,,624 91 ,574 118,,198 40,,070 187,,295 147,,225 58,,669 202,,894 144,,225 -9,,226 124,,057 133,,283 117, 777 19 278, 513 20 160, 736 21 281,,008 249,,800 -31,,208 327,.635 283,,986 -43,,649 329,,526 280,,556 -48,,970 255,,829 226,,557 -29,,272 69 ,293 22,,606 -46,,687 204,,864 130,,835 -74,,029 88,,747 31,,667 -57,,080 17, 710 22 -34, 065 23 -51, 775 24 11 12 13 14 + 15 16 + Reval. of corporate equities Change in value 17 -Net purchases 18 + 19 20 21 Reval. of life insurance 8 pension fund reserves Change in value -Net acquisitions 22 + Reval. of noncorp. equity Change in value 23 -Net inv. in noncorp. bus. 24 25 + Other revaluations 26 • Change in net worth 27 Memo: Disp. personal income DATA ARE IN MILLIONS OF DOLLARS. ,919 ,720 ,995 ,796 -18,,346 -20,,472 3,,462 -1,,336 11 12 13 14 -582 1,,731 17, 229 -3,,103 3,,814 364 -28 -3, 633 25 830,,344 1010,,325 ,1203, 906 779,,523 405,,151 1046,,863 662, 991 883, 428 26 1551,,229 1729,,321 1917, 973 2127,,584 2261,,418 2425,,372 2670, 184 2800, 722 27 APRIL 1986 Farm and Nonfarm Noncorporate Business Page 46 Farm and Nonfarm Noncorporate Business Sector Stock-Flow Reconciliation Statements ANNUAL FLOWS ANNUAL FLOWS 1946 1947 1948 1949 1950 1951 1952 1953 Farm Business 1 Gross inv.,flow of funds basis 2 + 3 - 1 ,277 1 ,550 1 ,858 2,092 2 ,338 2 ,670 2,894 3 ,031 1 Proprietors' net investment 2 ,380 547 3 ,277 560 1 ,663 1 ,644 -271 -1 ,292 2 3 Capital consump.allow.• NIPA 1 ,212 1 ,500 1 ,817 2,069 2 ,305 2 ,671 2,925 3 ,082 = Net investment flow, balance sheet basis 2 ,445 597 3 ,318 583 1 ,696 1 ,643 -302 -1 ,343 4 5 6 7 - Depreciation valuation adj. Depreciation charges -Cap. consump. allow., NIPA 54 1 ,266 1 ,212 65 1 ,565 ,500 1 74 1 ,891 ,817 1 81 2,150 2,069 87 2 ,392 2 ,305 98 2 ,769 2 ,671 105 3*050 2,925 112 3 ,194 3 ,082 5 6 7 8 9 10 11 + Reval. of physical assets Change in value Depreciation charges -Gross purchases, F/F basis 8 ,271 9 ,225 1 ,266 2 ,220 6 ,301 6 ,347 1 ,565 1 ,611 - 2 ,192 1 ,959 1 ,891 6 ,0*42 -1,651 -139 2,150 3,662 6 ,514 9 ,431 2 ,392 5 ,309 2 ,795 5 ,804 2 ,769 5 ,778 -565 -24 3,030 3,571 1 ,082 8 -667 9 3 ,194 10 1 ,445 11 Revaluation by type of asset Residential structures Nonres. plant & equipment Inventories 8 ,271 1 ,567 1 ,239 5 ,465 6 ,301 1 ,725 1 ,417 3 ,159 - 2 ,192 629 645 - 3 ,466 -1,651 187 -64 -1,774 6 ,514 780 756 4 ,978 2 ,795 614 911 1 ,270 -565 29 1,929 -2,523 • Change in the value of land holdings 4 ,316 1 ,766 1 ,201 135 9 ,963 7 ,050 758 + Other revaluations 4 12 13 14 15 16 17 18 = Change in net worth - 14 • 978 - 8 ,599 - 2,.253 - - - -1,014 18 .086 1 ,082 -197 1 ,968 -689 12 13 14 15 -1 ,645 16 17 - - 11,.390 -214 - 2 ,018 18 Nonfarm Noncorporate Business 1 Gross inv.,flow of funds basis 2 + Proprietors' net investment 3 - Capital consump.allow., NIPA 3..127 3,.899 4i ,454 4,716 4,,999 5,.695 6,009 6 .255 ! 1 -1 667 1,,483 109 2,,709 155 429 1,,154 2 3,.127 3,,899 4, 454 4,716 4,,999 5,,695 6,009 6,,255 3 = Net investment flow, balance sheet basis -1 667 1, 483 109 2, 709 155 429 1,,154 4 5 6 7 - Depreciation valuation adj. Depreciation charges -Cap. consump. allow., NIPA 181 2, 946 3, 127 -219 3, 680 3,899 •241 4, 213 4, 454 -252 4,464 4,716 •262 4, 737 4, 999 •289 5, 406 5, 695 -301 5,708 6,009 •311 5, 944 6,255 5 6 7 8 9 10 11 + Reval. of physical assets Change in value Depreciation charges -Gross purchases, F/F basis 11, 514 12, 612 2, 946 4, 044 12, 288 13, 605 3, 680 4, 997 5, 455 7, 971 4, 213 6, 729 1,416 1,498 4,464 4,546 6, 380 10, 001 4, 737 8, 358 6,807 7,481 5, 406 6, 080 1,111 1,862 5,708 6,459 186 8 2, 083 9 5, 944 10 7,841 11 Revaluation by type of asset Residential structures Nonres. plant 8 equipment Inventories 11, 514 7, 137 2, 784 1,593 12, 288 7, 935 2, 938 1,415 5, 455 3, 500 1,241 714 1,416 1,564 330 -478 6 >380 3, 316 1,812 1,252 6,807 4, 478 2, 081 248 1,111 2,277 -918 -248 2, 937 3, 288 2, 436 2,007 2, 847 2,858 2,341 -2 4 1 9, 613 3,788 12, 199 4 12 13 14 15 • 16 17 • Change in the value of land holdings Other revaluations 18 = Change in net worth DATA ARE IN MILLIONS OF DOLLARS. 866 13, 765 - 16,462 - 10, 109 186 1, 703 - 1 , 757 240 12 13 14 15 2, 467 16 1 1 17 4,183 4, 119 18 APRIL 1986 Farm and Nonfarm Noncorporate Business 723 Farm and Nonfarm Noncorporate Business Page 47 Sector Stock-Flow Reconciliation Statements ANNUAL FLOWS ANNUAL FLOWS 1954 1955 1956 1957 1958 1959 1960 1961 Farm Business 1 Gross inv.,flow of funds basis 2 * 3 - Proprietors' net investment Capital consump.allow., NIPA 3 ,179 3 ,267 3 ,442 3 ,548 3,627 3 ,695 3 ,705 3 ,705 1 - 1 ,637 - 2 ,431 -1 ,183 - 2 ,365 -939 - 2 ,939 - 1 ,683 - 1 ,608 2 3 ,192 3 ,300 3 ,485 3 ,599 3,659 3 ,732 3 ,740 3 ,734 3 * Net investment flow, balance sheet basis - 1 ,650 - 2 ,464 - 2 ,416 -971 - 2 ,976 - 1 ,718 -1 ,637 4 5 6 7 - Depreciation valuation adj. Depreciation charges -Cap. consump. allow., NIPA 118 3 ,310 3,,192 125 3 ,425 3 ,300 139 3,,624 31,485 147 3,,746 3,,599 157 3,816 3,659 168 3 ,900 3 ,732 176 3 ,916 3 ,740 183 3 ,917 3 ,734 5 6 7 8 9 10 11 + Reval. of physical assets Change in value Depreciation charges -Gross purchases, F/F basis 614 -254 3,,310 2,,442 1 ,199 125 3 ,425 2,,351 1,,538 1,,218 3,,624 3,,304 2,,774 1,,536 3,,746 2,,508 1,442 1,752 3,816 4,126 228 41 3,,900 3,,713 1 ,555 1 ,187 3 ,916 3 ,548 1,,051 8 845 9 3,,917 10 3,,711 11 Revaluation by type of asset Residential structures Nonres. plant 8 equipment Inventories 614 24 1,,831 -1,,241 1,,199 219 2,,507 -1,,527 1,,538 -9 1,,085 462 2,,774 -255 2,,431 598 1,442 -243 1,081 604 228 -153 919 -538 1 ,555 -157 878 834 1,,051 -176 1,,039 188 3,,118 4,,218 7, 144 5, 969 9,434 5,,822 1,,283 5, 673 16 4 12 13 14 15 • 16 17 • Change in the value of land holdings Other revaluations 18 = Change in net worth - 1, 964 -1,> 22 6 - - - 7, 317 2,,828 6, 180 - - 9,748 - 17 - 2, 906 944 12 13 14 15 4, 904 18 Nonfarm Noncorporate Business 1 Gross inv..flow of funds basis 2 + Proprietors' net investment 3 - Capital consump.allow., NIPA * Net investment flow, 4 balance sheet basis 6,462 6,778 7,355 7,784 7,986 8,226 8,469 8,635 1 -163 466 -87 1,469 1,163 356 -745 2,125 2 6,462 6,778 7,355 7,784 7,986 8,226 8,469 8,635 3 -163 466 -87 1,469 1,163 356 -745 2,125 4 5 - Depreciation valuation add. 6 Depreciation charges 7 -Cap. consump. allow., NIPA -320 6,142 6,462 -331 6,447 6,778 -352 7,003 7,355 -369 7,415 7,784 -380 7,606 7,986 -396 7,830 8,226 -413 8,056 8,469 -430 8,205 8,635 5 6 7 8 • Reval. of physical assets 9 Change in value 10 Depreciation charges 11 -Gross purchases, F/F basis 788 2,458 6,142 7,812 4,252 7,332 6,447 9,527 6,420 6,599 7,003 7,182 1,459 3,593 7,415 9,549 1,741 2,863 7,606 8,728 1,055 4,116 7,830 10,891 649 2,679 8,056 10,086 788 2,135 -1,447 100 4,252 3,664 268 320 6,420 3,217 2,659 544 1,459 1,835 -637 261 1,741 1,700 -365 406 1,055 1,905 -295 -555 649 1,890 -803 -438 3,010 3,345 3,154 3,505 3,590 4,895 -1 1 1 10 5 5 17 3,954 8,395 6,790 5,407 5,217 5,765 18 12 13 14 15 16 Revaluation by type of asset Residential structures Nonres. plant 8 equipment Inventories • Change in the value of land holdings 17 • Other revaluations 18 * Change in net worth DATA ARE IN MILLIONS OF DOLLARS. 5,293 - 1 11,977 - 3 6,448 -458 8 3,001 9 8,205 10 11,664 11 -458 1,495 -359 -1,594 12 13 14 15 3,663 16 APRIL 1986 Farm and Nonfarm Noncorporate Business Page 48 723 Farm and Nonfarm Noncorporate Business Sector Stock-Flow Reconciliation Statements ANNUAL FLOWS ANNUAL FLOWS Farm Business 1 Gross inv..flow of funds basis 2 • Proprietors' net investment 3 - Capital consump.allow., NIPA * Net investment flow, 4 balance sheet basis 3,761 3,690 3,883 4 ,092 4,370 4,593 4,895 5,312 1 -1,763 -2,505 -2,788 - 2 ,019 -2,476 -882 -311 -1,366 2 3,762 3,807 3,893 4 ,046 4,288 4,552 4,852 5,251 3 -1,764 -2,622 -2,798 - 1 ,973 -2,394 -841 -268 -1,305 4 5 - Depreciation valuation adj. Depreciation charges 6 7 -Cap. consump. allow., NIPA 192 3,954 3,762 203 4,010 3,807 212 4,105 3,893 227 4 ,273 4 ,046 245 4,533 4,288 265 4,817 4,552 288 5,140 4,852 320 5,571 5,251 5 6 7 8 • Reval. of physical assets 9 Change in value 10 Depreciation charges 11 -Gross purchases, F/F basis 1,875 2,089 3,954 4,168 747 1,374 4,010 4,637 877 264 4,105 3,492 4 ,480 5 ,847 4 ,273 5 ,640 2,274 3,028 4,533 5,287 1,864 3,498 4,817 6,451 5,327 5,985 5,140 5,798 7,269 8 7,765 9 5,571 10 6,067 11 12 13 14 15 1,875 -142 1,246 771 747 -348 1,187 -92 877 256 1,095 -474 4 ,480 58 1 ,873 2 ,549 2,274 775 2,012 -513 1,864 440 1,584 -160 5,327 1,526 2,732 1,069 7,269 1,353 3,338 2,578 5,147 8,068 8,027 10 ,764 7,899 9,176 6,103 3,144 16 16 Revaluation by type of asset Residential structures Nonres. plant 8 equipment Inventories • Change in the value of land holdings 17 • Other revaluations 18 = Change in net worth - 5,066 - 5,990 - 5,894 - 13 ,044 - 7,534 - 9,934 - 10,874 - 12 13 14 15 17 8,788 18 Nonfarm Noncorporate Business 1 Gross inv.,flow of funds basis 8,864 9,155 9,569 10, 101 10,850 11,614 12,583 13,831 1 2 • Proprietors' net investment 1,937 4,099 2,176 2, 303 1,696 52 -1,647 -3,092 2 3 - Capital consump.allow., NIPA 8,864 9,155 9,569 10, 101 10,850 11,614 12,583 13,831 3 = Net investment flow, 4 balance sheet basis 1,937 4,099 2,176 2, 303 1,696 52 -1,647 —3,092 4 5 - Depreciation valuation adj. 6 Depreciation charges 7 -Cap. consump. allow., NIPA -448 8,416 8,864 -475 8,680 9,155 -499 9,070 9,569 537 9, 564 10, 101 -583 10,267 10,850 -629 10,985 11,614 -684 11,899 12,583 -765 13,066 13,831 5 6 7 8 • Reval. of physical assets 9 Change in value 10 Depreciation charges 11 -Gross purchases, F/F basis 1,096 5,949 8,416 13,269 -1,856 4,794 8,680 15,330 2,858 10,171 9,070 16,383 2, 533 11, 081 9, 564 18, 112 9,237 15,793 10,267 16,823 4,534 11,356 10,985 17,807 16,631 23,872 11,899 19,140 14,807 8 25,308 9 13,066 10 23,567 11 1,096 1,010 -120 206 -1,856 -952 247 -1,151 2,858 3,008 540 -690 2, 533 1, 638 921 -26 9,237 6,728 2,393 116 4,534 3,730 1,681 -877 16,631 12,394 4,090 147 14,807 10,744 4,266 -203 3,514 3,507 4,218 3, 968 8,443 2,252 4,858 5,627 16 185 -166 -20 30 46 -47 16 17 7,180 6,059 9, 321 19,989 7,513 20,479 18,123 18 12 13 14 15 16 Revaluation by type of asset Residential structures Nonres. plant 8 equipment Inventories • Change in the value of land holdings 17 + Other revaluations 18 = Change in net worth DATA ARE IN MILLIONS OF DOLLARS. - 9,751 12 13 14 15 723 Farm and Nonfarm Noncorporate Business APRIL 1986 Farm and Nonfarm Noncorporate Business Page 49 Sector Stock-Flow Reconciliation Statements ANNUAL FLOWS ANNUAL FLOWS 1970 1971 1972 1973 1974 1975 1976 1977 Farm Business 1 Gross inv..flow of funds basis 2 + Proprietors' net investment 3 - Capital consump.allow., NIPA = Net investment flow, balance sheet basis 4 5, 639 5, 957 6, 777 7,.827 8,.530 10 ,336 11,.215 12,.390 1 •438 -1..740 -2, 758 -2,.209 -5,.335 -920 -7, 301 -6,.826 2 5, 631 5,.942 6, 605 7..228 8,,308 9 ,789 10,.771 12,.099 3 -430 -1,.725 -2..586 -1,,610 - 5 ,113 -373 -6,.857 — 6 ,535 i 4 421 7,,026 6,,605 467 7,,695 7,,228 549 8 ,857 8 ,308 672 10 ,461 9 ,789 768 11.,539 10,,771 891 12,,990 12,,099 5 6 7 5 - Depreciation valuation adj. Depreciation charges 6 -Cap. consump. allow., NIPA 7 349 5,.980 5,.631 8 + Reval. of physical assets Change in value 9 Depreciation charges 10 -Gross purchases. F/F basis 11 2,• 605 3,.491 5,.980 6 >866 i 8 ,274 10,,295 6 ,315 8 ,336 14 ,121 15,,901 7,,026 8 ,806 25 ,038 31,,041 7,,695 13 ,698 15 ,306 17 ,257 8 ,857 10 ,808 4 ,806 12 ,075 10 ,461 17 ,730 7 ,907 9,,692 11,,539 13,,324 12,,047 8 17,,101 9 12 ,990 10 18 ,044 11 2,,605 744 2 ,606 -745 8 ,274 1 ,666 3 ,641 2 ,967 14 ,121 1 ,698 4 ,427 7 ,996 25 ,038 2 ,791 4 ,497 17 ,750 15 ,306 3 ,496 13 ,223 -1 ,413 4 ,806 2 ,021 4 ,315 -1 ,530 7 ,907 3 ,210 7 ,281 - 2 ,584 12 ,047 4 ,600 9 ,394 -1 ,947 4 ,561 11 ,965 23 ,788 54 ,401 21 ,454 53 ,256 70 ,443 47 ,117 16 -11 -37 57 ,006 70 ,688 Revaluation by type of asset Residential structures Nonres. plant 8 equipment Inventories 12 13 14 15 16 + Change in the value of land holdings 17 • Other revaluations 18 = Change in net worth -188 6 ,199 373 6,.315 5 , 942 8 728 34 ,910 18 ,869 215 77 ,577 14 31 ,112 - 12 13 14 15 17 51 ,738 18 Nonfarm Noncorporate Business 14, 971 16, 426 17, 989 19, 965 23, 013 26,.469 28, 901 32, 378 1 + Proprietors' net investment -4, 951 -1,.728 -4, 944 -4, 706 -9,.472 -12,.838 -15,.878 -21,.015 2 - Capital consump.allow.» NIPA 14,.971 16,.426 17, 989 19,.965 23,.013 26,.469 28,.901 32,.378 3 Net investment flow, balance sheet basis -4,,951 -1,.728 -4,.944 -4,.706 -9,.472 -12,,838 -15,.878 -21,.015 4 Depreciation valuation adj. Depreciation charges -Cap. consump. allow., NIPA -817 14,,154 14,,971 -880 15,,546 16,,426 -967 17,.022 17,,989 -1,.087 18,.878 19,,965 -1,.254 21,.759 23,,013 -1,,455 25 ,014 26 ,469 -1,.630 27,,271 28,,901 -1,,873 30,,505 32,,378 5 6 7 Reval. of physical assets Change in value Depreciation charges -Gross purchases, F/F basis 10,,814 20 ,851 14 ,154 24 ,191 18,,918 34,,305 15 ,546 30 ,933 17,,429 39,,997 17,,022 39,,590 30,,238 54,,218 18,,878 42 ,858 52,,615 64 ,200 21,,759 33 ,344 30 ,504 30 ,366 25 ,014 24 ,876 46,,663 46,,986 27 ,271 27 ,594 64,,576 8 74 ,336 9 30 ,505 10 40 ,265 11 Revaluation by type of asset Residential structures Nonres. plant 8 equipment Inventories 10 ,814 5 ,194 5 ,182 438 18 ,918 11 ,003 6 ,103 1 ,812 17 ,429 11 ,497 5 ,089 843 30 ,238 20 ,622 8 ,746 870 52 ,615 27 ,645 24 ,104 866 30 ,504 21 ,892 ,556 - 2 ,944 46 ,663 34 ,313 11 ,771 579 64 ,576 50 ,748 15 ,234 -1 ,406 4 ,057 6 ,912 18 ,766 25 ,841 26 ,233 23 ,638 33 ,957 57 ,013 16 1 ,914 -1 ,829 -77 365 202 -1 ,737 -176 606 17 12 , 651 23 ,153 32 »141 52 ,825 70 ,832 41 ,022 66 ,196 103 ,053 18 Gross inv.,flow of funds basis + Change in the value of land holdings + Other revaluations = Change in net worth DATA ARE IN MILLIONS OF DOLLARS. / 12 13 14 15 723 Farm and Nonfarm Noncorporate Business APRIL 1986 Farm and Nonfarm Noncorporate Business Page 50 Sector Stock-Flow Reconciliation Statements ANNUAL FLOWS ANNUAL FLOWS 1978 1979 1980 1981 1982 1983 1984 1985 Farm Business 14 ,459 16 ,258 18 ,056 19 ,586 20 ,952 21 ,473 22 ,243 22 ,587 1 Proprietors' net Investment - 7 ,881 -11 ,961 -16,,895 - 8 ,022 - 9 ,866 - 1 4 ,732 6 ,679 238 2 Capital consump.allow., NIPA 13,,557 15 ,343 17,,591 19 ,363 20,,455 20,,837 ?o ,956 20 ,775 3 Net investment flow, balance sheet basis - 6 ,979 -11 ,046 -16,,430 - 7 ,799 - 9 ,369 - 1 4 ,096 7,,966 2,,050 4 1,,657 22,,432 20,,775 5 6 7 1 Gross inv.,flow of funds basis 2 3 - 4 5 6 7 8 9 10 11 _ Depreciation valuation adj. Depreciation charges -Cap. consump. allow., NIPA 1,,027 14 ,584 13,,557 1 ,193 16 ,536 15,,343 1,,399 18,,990 17,,591 1 ,570 20,,933 19,,363 1,,680 22,,135 20,,455 1 ,731 ,568 20,,837 1,,746 22,,702 20,,956 Reval. of physical assets Change in value Depreciation charges -Gross purchases, F/F basis 32,,416 39,,558 14,,584 21,,726 17,,372 27,,722 16 ,536 26,,886 29,,796 26,,208 18,,990 15,,402 8,,469 14,,722 20,,933 27: ,186 2,,764 -2,,889 ,135 16,,482 19,,092 4,,978 22,,568 8,,454 1,,679 4 ,738 22,,702 25,,761 Revaluation by type of asset Residential structures Nonres. plant 8 equipment Inventories 32,,416 5,,546 14,,618 12,,252 17,,372 5 ,363 10,,065 1,,944 29,,796 4,,846 15,,183 9,,767 8 ,469 4,,549 12,,632 -8,,712 2,,764 -540 4,,181 -877 19,,092 3,,165 8 ,144 7,,783 1,,679 2,,376 4,,617 -5,,314 + Change in the value of land holdings 81,,364 100,,831 67,,131 -11,,772 -37, 581 -17,,204 -109,,112 + Other revaluations -4,,071 1 -16,,743 —451 865 + 12 13 14 15 16 17 18 = Change in net worth - 105,,774 -21 105,,943 - 79,,098 - -13,,939 - -101,,213 -6,,065 8 -13,,993 9 22,,432 10 14,,504 11 -6,,065 390 -98 -6,,357 12 13 14 15 -83,,740 16 - 17 -89, 412 18 Nonfarm Noncorporate Business 1 Gross inv.,flow of funds basis 2 • Proprietors' net investment 3 - Capital consump.allow., NIPA = Net investment flow, 4 balance sheet basis 37 ,047 43 ,473 50,,435 57 ,982 64 ,413 67 ,214 71 ,324 74 ,209 1 -23 ,327 -31 ,688 -32,,075 -21,,250 -36 ,821 -59,,297 -63 ,759 -52 ,013 2 37 ,047 43 ,473 50 ,435 57,,982 64,,413 67 ,214 71 ,324 74 ,209 3 -23 ,327 -31 ,688 -32,,075 -21,,250 -36,,821 -59,,297 -63 ,759 -52 ,013 4 5 - Depreciation valuation adj. 6 Depreciation charges 7 -Cap. consump. allow., NIPA - 2 ,156 34 ,891 37 ,047 - 2 ,505 40 ,968 43 ,473 - 2 ,893 47 ,542 50,,435 -3,,226 54 ,756 57,,982 -3,,428 60,,985 64,,413 -3,,535 63,,679 67,,214 - 3 ,679 67 ,645 71 ,324 - 2 ,852 71,,357 74 ,209 5 6 7 8 • Reval. of physical assets 9 Change in value 10 Depreciation charges 11 -Gross purchases, F/F basis 97 ,604 109 ,288 34 ,891 46 ,575 122 ,679 125 ,427 40 ,968 43,,716 133 131 47 45 ,166 ,085 , ,542 ,461 122,,901 136,,836 54,,756 68,,691 39,,287 41 ,126 60,,985 62,,824 60,,383 69,,085 63,,679 72,,381 82 ,862 105,,906 67,,645 90,,689 97,,604 66,,510 31,,274 -180 122 ,679 98,,850 19,,796 4,,033 133,,166 98,,226 32,,701 2,,239 122,,901 92,,195 37,,781 -7,,075 39,,287 22,,706 14,,442 2,,139 60,,383 46,,559 11,,711 2,,113 82,,862 70,,786 15,,379 -3,,303 73,,228 91,,947 102,,877 132,,595 55,,618 139,,177 102,,465 1,,769 16 134 4,,656 3,,749 151,,430 185,,459 206,,995 242,,128 65,,261 12 13 14 15 16 Revaluation by type of asset Residential structures Nonres. plant 8 equipment Inventories • Change in the value of land holdings 17 • Other revaluations 18 = Change in net worth DATA ARE IN MILLIONS OF DOLLARS. - 143, 798 55,,829 8 82,,843 9 71,,357 10 98, 371 11 55, 829 51, 501 6, 409 -2, 081 12 13 14 15 41,,377 16 548 1, 043 17 125,,795 49, 088 18 APRIL 1986 Nonfinancial Corporate Business 725 Nonfinancial Corporate Business Sector Stock-Flow Reconciliation Statements PctgC ANNUAL FLOWS $ I ANNUAL FLOWS 1946 1947 1948 1949 1950 1951 1952 1953 Nonfinancial Corporate Business 1 Gross inv.»flow of funds basis 6 ,865 12,,334 15,,878 17,,995 16,,341 21,,734 21,,996 22,,402 1 2 • Corporate equity issues 3 - Min. rights from U.S. Govt. 1 ,018 1,,093 1,,000 1,,212 1,,288 2,,107 2,,320 1,,766 2 3 4 5 4 - Capital consump.allow., NIPA 5 - Inventory valuation adj. 6 = Net investment flow. balance sheet basis 7 - Depreciation valuation adj. Depreciation charges 8 -Cap. consump. allow., NIPA 9 10 + Reval. of physical assets Change in value 11 Depreciation charges 12 -Gross purchases (1) 13 14 15 16 1/ 18 Revaluation by type of asset Residential structures Nonres. plant 8 equipment Inventories (1) • Change in the value of land holdings 19 • Reval. of fgn. dir. invest. Change in value 20 -Direct investment 21 22 - Reval. of dir. inv. in U.S. Change in value 23 -Direct investment 24 25 • Other revaluations 26 = Change in net worth - - 7 ,375 - 5 ,263 8,,974 -5,,899 10,,424 -2,,152 11,,204 1,,856 12,,023 -4,,965 13,,833 -1,,199 14,,840 1,,000 15,,852 -1,,000 5 ,771 10,,352 8,,606 6,,147 10,,571 11,,207 8,,476 9,,316 6 2 15,,854 15,,852 7 8 9 11,,204 11,,204 -1 12,,022 12,,023 13 ,833 13,,833 2 14,,842 14,,840 7,,765 20,,145 10,,424 22,,804 1,,893 3,,735 11,,204 13,,046 9,,508 26,,478 12,,022 28,,992 8 ,975 26,,895 13,,833 31,,753 3,,465 13,,039 14,,842 24,,416 1 ,641 13 ,022 15,,854 27 ,235 10 11 12 13 14,,398 151 13,,319 928 7 ,765 -124 6,,752 1 ,137 1,,893 10 2,,738 -855 9,,508 -828 9,,292 1,,044 8 ,975 116 9 ,129 -270 3,,465 -361 3 ,947 -121 1,,641 -105 1,,669 77 14 15 16 17 2 ,236 3,,193 2 ,454 1,,943 2,,933 3 ,386 2 ,999 3,,987 18 -230 230 390 1,,139 749 538 1 ,259 721 415 1,,075 660 467 1,,088 621 683 1 ,191 508 890 1 ,742 852 797 19 1,,532 20 735 21 -4 -4 90 100 10 150 184 34 98 154 56 370 450 80 177 267 90 155 287 132 148 22 306 23 158 24 - -2 7 ,373 7 ,375 8,,974 8,,974 10,,424 10,,424 13 ,452 30 ,180 7 ,373 24 ,101 14,,398 29,,430 8,,974 24,,006 13 ,452 13 ,084 368 - 127 23 100 98 101 100 -5 -300 25 21 ,358 28 ,266 19 ,313 10,,398 23,,211 24 ,174 15 ,668 15,,291 26 9 ,316 27 cost basis: Tangibles and net worth on historical i 27 = Net investment flow 28 + Reval. of physical assets Change in value 29 Depreciation charges 30 -Gross purchases (1) 31 • Change in the value of land holdings 5 ,771 10 ,352 8 ,606 6 ,147 10,,571 11 ,207 8 ,476 14 ,279 33 ,072 5 ,308 24 ,101 -134 ,644 -116 ,407 5 ,769 24 ,006 -956 15 ,300 6 ,548 22 ,804 -395 5 ,316 7 ,335 13 ,046 -1,,390 19 ,486 8 ,116 28 ,992 686 22 ,061 9 ,006 31 ,753 -783 13 ,645 9 ,988 24 ,416 -915 15 ,304 11 ,016 27 ,235 28 29 30 31 490 302 244 194 294 321 -261 552 32 - 2 ,067 5 ,308 7 ,375 - 3 ,205 5 ,769 8 ,974 - 3 ,876 6 ,548 10 ,424 - 3 ,869 7 ,335 11 ,204 - 3 ,907 8 ,116 12 ,023 - 4 ,827 9 ,006 13 ,833 - 4 ,852 9 ,988 14 ,840 - 4 ,836 33 11 ,016 34 15 ,852 35 36 • Reval. of fgn. dir. invest. -230 390 538 415 467 683 890 797 36 37 - Reval. of dir. inv. in U.S. - 90 150 98 370 177 155 148 37 127 23 100 98 101 100 -5 -300 38 22 ,504 -120 ,462 12 ,258 10 ,230 13 ,580 16 ,275 13 ,014 14 ,138 39 32 33 - Depreciation valuation adj. Depreciation charges 34 -Cap. consump. allow.* NIPA 35 38 • Other revaluations 39 = Change in net worth CI) Before inventory valuation adjustment. DATA ARE IN MILLIONS OF DOLLARS: 725 Nonfinancial Corporate Business APRIL 1986 Nonfinancial Corporate Business Page 52 Sector Stock-Flow Reconciliation Statements ANNUAL FLOWS ANNUAL FLOWS 1958 1956 Nonfinancial Corporate Business 1 Gross inv..flow of funds basis 2 • Corporate equity issues 3 - Min. rights from U.S. Govt. 4 - Capital consump.allow., NIPA 5 - Inventory valuation adj. 6 = Net investment flow. balance sheet basis 7 - Depreciation valuation adj. 8 Depreciation charges 9 -Cap. consump. allow.. NIPA 10 + Reval. of physical assets 11 Change in value 12 Depreciation charges 13 -Gross purchases CI) 14 15 16 17 18 Revaluation by type of asset Residential structures Nonres. plant & equipment Inventories (1) + Change in the value of land holdings 25 ,869 25,.786 28,,070 26,,931 31.,900 28,,517 30 ,868 1 1,583 1 ,719 2.>250 2,,441 1 ,968 2,,078 1,,365 2 ,121 2 3 16,765 -300 17 ,785 -1 ,750 20 , 032 - 2 ,675 22,,048 -1 ,525 23 ,059 -250 24,,135 -277 25,,134 •173 25,,882 271 4 5 7,567 11 ,553 10,,679 9 ,988 6 ,090 10,,120 4,,921 6,,836 6 -1 16,764 16,765 -1 17 ,784 17 ,785 -1 20,,031 20,,032 2 22,,050 22 ,048 23 ,059 23 ,059 1,231 8,031 16.764 23.564 10 ,438 26 ,953 17 ,784 34 ,299 15,,717 35,f 539 20,,031 39,,853 6 ,518 21 ,724 22,,050 37,,256 1.231 -554 1.589 196 10 ,438 -234 9 ,651 1 ,021 15,,717 232 15,,009 476 5,306 4 ,642 7 ,382 22.449 24,,135 24,,135 1 25, 135 25, 134 25,,882 25,,882 7 8 9 1 ,888 6 ,877 23 ,059 28 ,048 3,,849 17,,951 24,,135 38,,237 -1,,651 11,,232 25,,135 38,,018 -363 9 ,950 25 ,882 36 ,195 10 11 12 13 6 ,518 63 6 ,745 -290 1 ,888 -330 1 ,931 287 3,,849 -293 3,,654 488 -1,,651 239 -2,,086 196 -363 -188 -1 ,148 973 14 15 16 17 ,559 6 ,744 5,,787 5,,097 5 ,622 18 1,,046 2,,418 1,,372 -901 2,,038 2,,939 2. ,852 251 489 238 -9 306 315 7 - - - 201 19 20 2,,651 21 19 + Reval. of fgn. dir. invest. 20 Change in value 21 -Direct investment 711 1,378 667 941 1 ,764 823 1 ,159 3 ,110 1 ,951 447 2 ,889 2 ,442 834 2 ,015 ,181 1 22 - Reval. of dir. inv. in U.S. 23 Change in value 24 -Direct investment 258 382 124 246 443 197 151 383 232 96 251 155 307 405 98 2 97 -1 3 -2 -159 8 -94 25 24 ,417 15 ,247 20,,392 7,,482 12,,029 26 6 ,836 27 25 • Other revaluations 26 = Change in net worth 14,560 27 ,426 34 ,786 173 22 482 23 309 24 Tangibles and net worth on historical cost basis: = * • - • - Net investment flow Reval. of physical assets Change in value Depreciation charges -Gross purchases (1) Change in the value of land holdings Depreciation valuation adj. Depreciation charges -Cap. consump. allow.. NIPA Reval. of fgn. dir. invest. Reval. of dir. inv. in U.S. + Other revaluations = Change in net worth 11,,553 10,,679 9,,988 6,,090 10,,120 4, 921 -1,,406 10,,033 12,,125 23,,564 -1,,908 19,,209 13,,182 34,,299 -1,,033 24,,405 14 ,415 39,,853 -1,,323 20,,233 15,,700 37,,256 -1,,708 9,,487 16,,853 28,,048 -765 19,547 17,925 38,237 837 18, 054 19, 127 38, 018 345 655 1,,212 745 1,,514 1,,607 1,519 2,,054 32 - 4 ,640 12 ,125 16 ,765 -4,,603 13,,182 17,,785 - 5 ,617 14 ,415 20,,032 -6,,348 15,,700 22,,048 -6,,206 16,,853 23,,059 -6,,210 17,,925 24,,135 -6, 007 19, 127 25, 134 -5,,527 33 20,,355 34 25,,882 35 711 941 1,,159 447 834 1,,046 901 201 36 246 151 96 307 251 -9 173 37 -2 -159 8 -94 38 12 ,627 17 ,808 10,,726 14 ,616 39 7,,567 258 2 97 -1 3 11 ,601 15 ,695 17 ,482 16 ,112 CI) Before inventory valuation adjustment. DATA ARE IN MILLIONS OF DOLLARS. 265 16 ,105 20 ,355 36,,195 28 29 30 31 725 Nonfinancial Corporate Business APRIL 1986 Nonfinancial Corporate Business Page 53 ANNUAL FLOWS Sector Stock-Flow Reconciliation Statements ANNUAL FLOWS 1962 1963 1964 1965 1966 1967 1968 1969 56, 928 56, 365 57. 554 63,854 1 3. 406 44 2 3 Nonfinancial Corporate Business inv..flow of funds basis 1 1 Gross 2 • Corporate equity issues - Min. rights from U.S. Govt. 3 • 4 - Capital consump.allow.. NIPA 5 - Inventory valuation adj. 6 = Net investment flow, balance sheet basis 38, 558 38, 461 42,840 50, 081 341 1, 145 -28 1,259 2, 397 159 1. 330 26. 827 26 28, 002 54 29, 448 494 31, 459 — If 245 34, 281 - 2 , 107 37, 556 — 1,554 41. 448 - 3 . 651 45. 399 - 5 .870 4 5 12. 074 10. 064 15, 031 19,839 26, 013 22, 760 18,268 27. 687 6 34, 281 34, 281 1 37, 557 37, 556 -1 41. 447 41. 448 45, 399 45, 399 7 8 9 369 - 26. 827 26, 827 28. 002 28, 002 29, 448 29, 448 1 31, 460 459 31, -541 16.371 26.827 43.739 1, 783 18, 300 28, 002 44, 519 4, 396 25, 552 29, 448 50, 604 6, 642 38, 087 31, 460 62, 905 13, 466 56, 634 34, 281 77, 449 13, 567 48, 794 37, 557 72, 784 26, 996 63, 303 41, 447 77, 754 28, 420 72, 191 45, 399 89, 170 10 11 12 13 -541 -306 266 -501 1, 783 •279 784 1,278 4, 396 182 3, 169 1,,045 6,642 -116 6,675 83 13, 466 868 12, 363 235 13 1567 -520 12.,654 1,,433 26, 996 1, 114 24, 285 1,597 281 420 1, 401 24, 417 2, 602 14 15 16 17 1,,916 1, 973 31,091 3.,251 3.,654 234 26 3,,654 18 19 • Reval. of fgn. dir. invest. Change in value 20 -Direct investment 21 -290 2 ,559 2 ,849 -21 3,,460 3.,481 -14 3,,744 3.,758 -16 4.,803 4 ,819 -3,,098 1,,724 4 ,822 -35 4 ,322 4 ,357 53 3 ,218 i 3,,165 227 19 5.,157 20 4,,930 21 22 - Reval, of dir. inv. in U.S. Change in value 23 -Direct investment 24 -125 220 345 101 332 231 99 419 320 19 434 415 -167 257 424 172 869 697 86 892 806 -258 22 1 ,003 23 1 ,261 24 7 - Depreciation valuation adj. Depreciation charges 8 -Cap. consump. allow., NIPA 9 10 + Reval. of physical assets Change in value 11 Depreciation charges 12 -Gross purchases CI) 13 14 15 16 17 18 Revaluation by type of asset Residential structures Nonres. plant 8 equipment Inventories CI) • Change in the value of land holdings 25 • Other revaluations 26 « Change in net worth 182 -142 212 8 -7 40 693 12 25 13 .466 13 ,556 22 ,617 29 ,704 40 ,195 36 ,393 45 ,951 60 ,258 26 Tangibles and net worth on historical cost basis: 27 = Net investment flow 28 • Reval. of physical assets Change in value 29 Depreciation charges 30 -Gross purchases CI) 31 32 • Change in the value of land holdings 33 - Depreciation valuation adj. Depreciation charges 34 -Cap. consump. allow.. NIPA 35 36 • Reval. of fgn. dir. invest. 37 - Reval. of dir. inv. in U.S. 38 • Other revaluations 39 * Change in net worth 12 .074 10 ,064 15 .031 19 ,839 26 ,013 22 ,760 18 ,268 27 ,687 27 - 1 .960 20 ,195 21 ,584 43 ,739 -75 21 ,478 ,966 22 44 ,519 -664 25 ,441 24 .499 50 .604 - 1 ,778 34 ,763 26 ,364 62 ,905 - 2 ,206 46 ,603 28 ,640 77 ,449 -1 ,106 40 ,551 31 ,127 72 ,784 -72 4S ,994 33 ,688 77 ,754 601 53 ,044 36 ,727 89 ,170 1 ,858 1 ,858 1 .988 2 ,576 2 ,349 2 ,175 2 ,290 4 ,258 32 - 5 ,243 21 ,584 26 ,827 - 5 ,036 22 ,966 28 ,002 - 4 .949 24 .499 29 ,448 - 5 ,095 26 ,364 31 ,459 - 5 ,641 28 ,640 34 ,281 - 6 ,429 31 .127 37 ,556 - 7 ,760 33 ,688 41 ,448 - 8 .672 33 36 ,727 34 45 .399 35 -290 -21 -14 -16 - 3 ,098 -35 53 227 36 -125 101 99 19 -167 172 86 -258 37 182 -142 212 8 -7 40 693 12 38 17 ,232 16 .619 21 .403 25 ,705 28 ,859 30 .091 28 ,906 41 .715 39 (1) Before Inventory valuation adjustment. DATA ARE IN MILLIONS OF DOLLARS; 28 29 30 31 APRIL 1986 Nonfinancial Corporate Business Page 54 Nonfinancial Corporate Business Sector Stock-Flow Reconciliation Statements ANNUAL FLOWS ANNUAL FLOWS 1972 Nonfinancial Corporate Business 57 ,421 70 ,049 78 ,555 88 ,725 86 ,005 116 ,232 133 ,497 145 ,296 1 5 ,694 329 11 ,435 717 10 ,922 912 7 ,883 3 ,168 4 ,097 6 ,490 9 ,908 1 ,323 10 ,524 3 ,973 2 ,727 2 ,470 2 3 Capital consump.allow., NIPA Inventory valuation adj. 49 ,857 - 6 ,552 54 ,783 - 4 ,584 60 ,111 - 6 ,610 65 ,223 - 2 0 ,022 76 ,301 -39 ,457 91 ,878 -10 ,952 102 ,301 -14 ,911 114 ,321 -16 ,637 4 5 6 Net investment flow, balance sheet basis 19 ,481 30 ,568 35 ,064 48 ,239 46 ,768 43 ,891 52 ,658 47 ,869 6 7 8 9 Depreciation valuation adj. Depreciation charges -Cap. consump. allow., NIPA 49 ,857 49 ,857 1 54 ,784 54 ,783 -2 60 ,109 60 ,111 65 ,223 65 ,223 7 8 9 Reval. of physical assets Change in value Depreciation charges -Gross purchases CI) 30 ,873 66 ,490 49 ,857 85 ,474 36 ,240 70 ,493 54 ,784 89 ,037 31 ,829 72 ,428 60 ,109 100 ,708 Revaluation by type of asset Residential structures Nonres. plant 8 equipment Inventories CI) 30 ,873 497 31 ,863 -1 ,487 36 ,240 1 ,165 34 ,648 427 1 Gross inv..flow of funds basis 2 3 - Corporate equity issues Min. rights from U.S. Govt. 4 5 - 10 11 12 13 + + 14 15 16 17 59 ,207 129 ,855 65 ,223 135 ,871 171 ,363 266 ,633 76 ,301 171 ,571 94 ,568 124 ,518 91 ,876 121 ,826 74 ,418 139 ,992 102 ,301 167 ,875 96 ,563 176 ,086 114 ,322 193 ,845 10 11 12 13 31 ,829 1 ,986 28 ,022 1 ,821 59 ,207 2 ,643 47 ,813 8 ,751 171 ,363 2 ,771 152 ,172 16 ,420 94 ,568 1 ,517 88 ,420 4 ,631 74 ,418 932 67 ,987 5 ,499 96 ,563 813 87 ,870 7 ,880 14 15 16 17 - Change in the value of land holdings 2 ,651 2 ,979 8 ,399 12 ,407 22,,891 6 ,125 13 ,932 22 ,653 18 • Reval. of fgn. dir. invest. Change in value -Direct investment -201 6 ,565 6 ,766 -336 6 ,119 6 ,455 -627 5 ,115 5 ,742 85 10,,212 10 ,127 -285 8 ,649 8,,934 -270 13 ,776 14 ,046 812 12 ,443 11 ,631 - 2 ,707 19 8 ,799 20 11 ,506 21 Reval. of dir. inv. in U.S. Change in value -Direct investment -9 1 ,452 1 ,461 278 644 366 5 954 949 ,890 5 ,688 2,,798 -170 4,,588 4,,758 -83 2 ,518 2 ,601 -1 ,237 3 ,108 4 ,345 99 22 3 ,825 23 3,,726 24 22 23 24 25 102 ,301 102 ,301 1 114 ,322 114 ,321 - + 18 19 20 21 76 ,301 76 ,301 -2 91 ,876 91 ,878 - + Other revaluations 26 = Change in net worth 2 61 817 130 81 28,,389 -286 1,,336 -1,,303 25 52 ,874 69 ,989 i 74,,792 117,,129 269,,296 144 ,113 144,,393 162,,975 26 48,,239 46, 768 43,,891 52,,658 47, 869 27 1,,318 86,• 429 50,,760 135,,871 7,,180 123, 071 55,,680 171, 571 3,,551 64,,361 61,,016 121. 826 -3, 074 98,,002 66, 799 167,875 Tangibles and net worth on historical cost basis: 27 = Net investment flow + Reval. of physical assets Change in value Depreciation charges -Gross purchases CI) + 32 Change in the value of land holdings 33 34 35 Depreciation valuation adj. Depreciation charges -Cap. consump. allow., NIPA 28 29 30 31 19 ,481 30,,568 35,,064 -750 44 ,834 39 ,890 85 ,474 -2.,863 43,,205 42,,969 89,,037 1,,581 55,,464 46,,825 100,,708 497 120, 339 74, 003 193,845 28 29 30 31 1,,652 1, 935 2,,871 4,,518 3,889 1,,178 1,514 2, 936 32 -9,,967 39,,890 49,,857 -11,,814 42,,969 54,,783 -13, 286 46 ,825 60, 111 -14, 463 50,,760 65, 223 -20, 621 55, 680 76, 301 -30,862 61, 016 91,878 -35,502 66, 799 102, 301 -40, 318 33 74, 003 34 114, 321 35 -2, 707 36 36 + Reval. of fgn. dir. invest. -201 -336 627 85 285 •270 812 37 - Reval. of dir. inv. in U.S. -9 278 5 2,,890 170 -83 -1, 237 99 37 38 + Other revaluations 61 817 130 81 28, 389 •286 1, 336 -1. 303 38 30,,219 41,,657 52,,300 65,,814 106, 732 79, 009 89, 985 87, 511 39 39 = Change in net worth CI) Before inventory valuation adjustment. DATA ARE IN MILLIONS OF DOLLARS. APRIL 1986 Nonfinancial Corporate Business 725 Nonfinancial Corporate Business Page 55 Sector Stock-Flow Reconciliation Statements ANNUAL FLOWS ANNUAL FLOWS 1978 1979 1980 1981 1982 1983 1984 1985 Nonfinancial Corporate Business 1 Gross Inv.,flow of funds basis 166 ,769 206 ,031 193 ,069 208 ,272 196 ,510 248 ,126 284 ,516 327 ,819 1 -101 1 ,973 - 7 ,836 4 ,745 12 ,875 4 ,997 -11 ,450 4 ,847 11 ,386 7 ,791 28 ,311 7 ,785 -76 ,980 7 ,902 -81 ,600 4 ,376 2 3 129 ,844 - 2 5 ,298 149 ,609 -43 ,175 171 ,262 -43 ,129 198 ,782 -24 ,189 221 ,403 -10 ,352 230 ,511 - 9 ,953 240 .883 - 5 ,374 252 ,085 -615 4 5 60 ,149 87 ,016 72 ,814 17 ,382 - 1 0 ,946 48 ,094 - 3 5 ,875 1 129 ,845 129 ,844 -1 149 ,608 149 ,609 -1 171 ,261 171 ,262 1 198 ,783 198 ,782 -1 221 ,402 221 ,403 -1 230 ,510 230 ,511 3 240 ,886 240 ,883 Reval. of physical assets Change in value Depreciation charges -Gross purchases (1) 162 ,359 272 ,776 129 ,845 240 ,262 148 ,314 275 ,387 149 ,608 276 ,681 208 ,228 319 ,169 171 ,261 282 ,202 215 ,321 322 ,219 198 ,783 305 ,681 76 ,256 113 ,732 221 ,402 258 ,878 43 ,706 86 ,719 230 ,510 273 ,523 Revaluation by type of asset Residential structures Nonres. plant & equipment Inventories (1) 162 ,359 2 ,316 143 ,510 16 ,533 148 ,314 3 ,944 119 ,907 24 ,463 208 ,228 4 ,411 186 ,109 17 ,708 215 ,321 4 ,712 193 ,357 17 ,252 76 ,256 -1 ,018 81 ,885 - 4 ,611 2 3 • Corporate equity issues Min. rights from U.S. Govt. 4 5 - Capital consump.allow.* NIPA Inventory valuation adj. = Net investment flow. balance sheet basis 7 8 9 - Depreciation valuation adj. Depreciation charges -Cap. consump. allow., NIPA 10 11 12 13 + 6 14 15 16 17 - 9 ,627 6 -53 252 ,032 252 ,085 7 8 9 56 ,530 189 ,387 240 ,886 373 ,743 3 ,721 115 ,161 252 ,032 363 ,472 10 11 12 13 43 ,706 - 2 > 185 41 ,720 4 ,171 56 ,530 1 ,822 49 ,177 5 ,531 3 ,721 667 3 ,789 -735 14 15 16 17 - + Change in the value of land holdings 33 ,929 32 ,031 50 ,710 60 ,275 44 ,302 42 ,535 47 ,269 14 ,692 18 19 20 21 + Reval. of fgn. dir. invest. Change in value -Direct investment 683 16 ,379 15 ,696 -89 26 ,479 26 ,568 8 ,298 30 ,227 21 ,929 3 ,352 16 ,359 13 ,007 - 2 ,080 2 ,612 4 ,692 -275 9 ,070 9 ,345 1 ,947 9 ,702 7 ,755 19 13 ,984 20 13 ,984 21 22 23 24 - Reval. of dir. inv. in U.S. Change in value -Direct investment 115 11 • 991 11,,876 11 ,666 28 ,584 16 ,918 472 25,,668 25,,196 2 ,171 15 ,963 13 ,792 437 12,,384 11,,947 -4 22,,510 22,,514 22 19 ,896 23 19 ,896 24 18 25 Other revaluations 26 = Change in net worth -19 7 ,876 7 • 895 611 257,• 749 831 2,,312 -501 -585 422 21 883 25 267,,989 330,,697 295,,356 104,,777 134,,046 69,.893 9,,722 26 Tangibles and net worth on historical cost basis: 27 = Net investment flow 28 29 30 31 + Reval. of physical assets Change in value Depreciation charges -Gross purchases (1) • Change in the value of land holdings - Depreciation valuation adj. Depreciation charges -Cap. consump. allow., NIPA 32 33 34 35 60. 149 87,.016 72, 814 17, 382 -10,,946 48, 094 -35,875 1,869 159, 120 83, 011 240, 262 6, 923 189, 273 94, 331 276, 681 6, 332 182, 129 106, 405 282, 202 13, 754 199, 712 119, 723 305, 681 -10,.884 114,.148 133, 846 258, 878 -7, 729 118, 783 147, Oil 273, 523 -5, 927 206, 618 161, 198 373, 743 -9, 627 27 -12, 650 173, 259 177, 563 363, 472 28 29 30 31 4, 222 3, 615 6, 570 7,854 5, 442 5, 500 6, 982 8, 023 32 -46,833 83, Oil 129,844 -55, 278 94, 331 149, 609 — 64 i857 106, 405 171, 262 -79, 059 119, 723 198, 782 -87, 557 133,846 221, 403 -83,500 147, Oil 230, 511 -79, 685 161, 198 240,883 -74, 522 33 177, 563 34 252, 085 35 36 • Reval. of fgn. dir. invest. 683 -89 8, 298 3, 352 -2, 080 275 1, 947 - 36 37 - Reval. of dir. inv. in U.S. -19 115 11, 666 472 2, 171 437 -4 - 37 38 + Other revaluations 39 = Change in net worth 611 831 2, 312 501 585 422 21 883 38 114, 386 153,459 149,517 120, 428 66, 333 129, 075 46,837 61, 151 39 CI) Before inventory valuation adjustment. DATA ARE IN MILLIONS OF DOLLARS. APRIL 1986 Private Financial Institutions Pcl^C 56 726 Private Financial Institutions Sector Stock-Flow Reconciliation Statements ANNUAL FLOWS ANNUAL FLOWS 1946 1947 1948 1949 1950 1951 1952 1953 Private Financial Institutions 1,295 1 Gross inv..flow of funds basis 297 209 178 96 358 327 357 239 488 297 706 531 610 408 2 3 4 - Capital consump.allow., NIPA 231 260 271 283 325 352 375 4 = Net investment flow, 5 balance sheet basis 810 1,117 1,020 1,975 1,046 2,030 1,767 5 4 7,262 7,258 2 + Corporate equity issues 3 - Mutual fund shares issued 390 282 - Reval.of life insurance and 6 pension fund reserves 7 Change in liability 8 -Net claims issued 3,774 3,774 3,945 3,945 4,259 4,259 4,464 4,464 5,779 5,779 5,411 5,411 7 6,662 6,655 9 - Reval. of mutual fund shares 10 Change in value -Shares issued 11 -249 33 282 -94 115 209 7 103 96 1,228 1,555 327 35 274 239 -160 137 297 -81 450 531 -193 9 215 10 408 11 12 - Depreciation valuation adj. 13 Depreciation charges 14 -Cap. consump. allow.* NIPA 184 184 231 231 260 260 271 271 283 283 325 325 -1 351 352 - 1 12 374 13 375 14 15 16 17 18 • Reval. of physical assets (Nonres. plant 8 equipment) Change in value Depreciation charges -Gross purchases, F/F basis 504 495 184 175 502 231 249 130 223 260 353 -13 73 271 357 220 331 283 394 313 419 325 431 -56 149 351 556 207 265 374 432 19 • Change in the value of land holdings -73 288 361 1,628 2,506 878 358 1,347 989 120 845 725 166 1,609 1,443 20 + Reval. of corp.equity hldgs. 21 Change in value 22 -Net purchases 23 • Other revaluations 24 = Change in net worth DATA ARE IN MILLIONS OF DOLLARS. 15 16 17 18 13 -147 191 338 — 66 348 414 -221 20 1,075 21 1,296 22 41 -1 -1 -2 23 1,436 1,199 2,247 2,017 24 APRIL 1 * 6 Private Financial institutions Private Financial Institutions Page 57 Sector Stock-Flow Reconciliation Statements ANNUAL FLOWS ANNUAL FLOWS 1955 Private Financial Institutions 1 Gross inv..flow ef funds basis 2 • Corporate equity issues 3 - Mutual fund shares issued 856 522 832 780 1,378 1,049 4 - Capital consume.allow., NIPA = Net investment flow, 5 balance sheet basis 1,409 1,070 1 , 798 1,.596 1 ,965 1 ,698 1,,584 1,,383 2 ,559 2 ,125 2 3 553 576 609 652 685 4 1,659 2,,815 2,,472 2,,983 3 ,836 5 4 ,201 15 ,275 11 ,074 6 7 8 - Reval.of life insurance and 6 pension fund reserves 7 Change in liability 8 -Net claims issued 53 7,758 7,705 2,265 10,273 8,008 5 8,348 8,343 -662 8,304 8,966 2,,733 12,,121 9,,388 1 ,246 , 12 ,122 i 10,,876 88 10,,634 10, 546 9 - Reval. of mutual fund shares 10 Change in value 11 -Shares issued 1,441 1,963 522 949 1,729 780 159 1,208 1,049 -1,402 -332 1,070 2,,931 4 ,527 1,,596 879 2 ,577 1,,698 -175 1,,208 1,,383 3 ,724 9 5 ,849 10 2,,125 11 12 - Depreciation valuation adj. 13 Depreciation charges 14 -Cap. consump. allow., NIPA 409 409 434 434 503 503 -1 552 553 576 576 609 609 652 652 12 685 13 685 14 15 16 17 18 • Reval. of physical assets (Nonres. plant 8 equipment) Change in value Depreciation charges -Gross purchases, F/F basis 13 257 409 653 359 672 434 747 479 728 503 752 142 453 552 863 61 351 576 866 113 527 609 1 ,023 280 435 652 807 19 • Change in the value of land holdings 210 218 217 216 271 19 3,052 4,787 1,735 4,774 6,416 1,642 304 1,802 1,498 -2,610 —416 2,194 8 ,226 10 ,831 2 ,605 2 ,926 6 ,273 3 ,347 189 3 ,605 3 ,416 10 ,742 20 15 ,146 21 4 ,404 22 20 • Reval. of corp.equity hldgs. 21 Chanse in value 22 -Net purchases 23 • Other revaluations 24 • Change in net worth DATA ARE IN MILLIONS OF DOLLARS. 1 -1 -1 5,093 3,974 1,465 - - 5 ,656 115 458 685 1,,028 15 16 17 18 114 -3 276 23 3 ,717 3,,752 7 ,315 24 APRIL 1986 Private Financial Institutions Page 58 Private Financial Institutions Sector Stock-Flow Reconciliation Statements ANNUAL FLOWS ANNUAL FLOWS Private Financial Institutions 1 Gross inv.,flow of funds basis • 2 3 - Corporate equity issues Mutual fund shares issued 4 - Capital consump.allow., NIPA 4 ,189 2 ,359 3 ,929 3 ,329 3 ,332 3 ,709 6 ,761 4 ,414 1 1 ,901 1 ,661 1 ,739 1 ,400 2 ,178 2 ,006 3 ,247 3 ,220 3 ,710 3,,634 2 ,615 2 ,535 5 ,442 4 ,816 7 ,071 5 ,735 2 3 726 794 867 980 1 ,109 1 ,273 1,,497 1 ,644 4 = Net investment flow, balance sheet basis 3 ,703 1 ,904 3 ,234 2 ,376 2,,299 2 ,516 5 ,890 4 ,106 5 - Reval.of life insurance and pension fund reserves Change in liability -Net claims issued - 3 ,266 8 ,288 11 ,554 3 ,906 16 ,500 12 ,594 4 ,050 18 ,820 14 ,770 4 ,073 19 ,544 15 ,471 - 4 ,963 12,,859 17,,812 8 ,318 25 ,563 17 ,245 6 ,569 25 ,002 18 ,433 - 5 ,956 13 ,966 19 ,922 6 7 8 9 10 11 Reval. of mutual fund shares Change in value -Shares issued - 3 ,265 -1 ,604 1 ,661 2,,543 3:,943 1,,400 1 ,896 3 ,902 2,,006 2,,884 6,,104 3,,220 -4,,025 -391 3,,634 6 ,943 9,,478 2,,535 2,,109 6 ,925 4,,816 12 13 14 Depreciation valuation adj. Depreciation charges -Cap. consump. allow., NIPA -1 725 726 -1 793 794 -1 866 867 -1 979 980 -1 1,,108 1,,109 1,,273 1,,273 1,,497 1,,497 12 1,,644 13 1,,644 14 Reval. of physical assets (Nonres. plant 8 equipment) Change in value Depreciation charges -Gross purchases, F/F basis 576 833 725 982 164 717 793 1,,346 664 1,,228 866 1,,430 719 1,,617 979 1,,877 588 1,,728 1,,108 2, 248 452 1 ,747 1,,273 2,,568 -680 2,,818 ,497 4,,995 -781 2,,587 ,644 5,,012 5 6 7 8 + 15 16 17 18 + Change in the value of land holdings 20 21 22 + Reval. of corp.equity hldgs. Change in value -Net purchases 23 + Other revaluations 19 24 = Change in net worth DATA ARE IN MILLIONS OF DOLLARS. - - -9,,380 9 -3,,645 10 5,,735 11 15 16 17 18 221 182 262 232 173 -39 121 220 19 -7,,696 -3!,468 4,,228 8 ,839 12,,728 3 ,889 i 8,,907 12,,904 3,,997 9,,201 15,,227 6,,026 -10,.119 —4 1375 5, 744 18,,863 27,,897 9,,034 12,,014 22, 843 10,,829 -16,,321 20 -4, 110 21 12, 211 22 2 -486 -511 1 212 470 2 -1,260 23 APRIL 1986 Private Financial Institutions 726 Private Financial Institutions Page 59 Sector Stock-Flow Reconciliation Statements ANNUAL FLOWS ANNUAL FLOWS 1970 1971 1972 1973 1974 1975 1976 1977 Private Financial Institutions 1 Gross inv.,flow of funds basis 2 3 4 6,,653 11,,474 7,,362 15,,523 9,,958 7 ,568 15 ,415 23 ,878 1 - equity issues Mutual fund shares issued 4,,533 2.,551 3,,137 915 3,,224 -61 2 ,769 61 1,,701 722 725 -92 236 - 1 ,977 3 ,466 968 2 3 - • .Corporate Capital consump.allow.. NIPA 1,,799 2,,031 2,,267 2 ,571 3,,219 3 ,908 4 ,548 5 ,324 4 - Net investment flow, balance sheet basis 61,836 11,,665 8,,380 15,,660 7,,718 4 ,477 13 ,080 21 ,052 5 - Reval.of life insurance and pension fund reserves Change in liability -Net claims issued 2,• 275 23,,699 21,,424 15,,314 39,,848 24,,534 23,,370 54 ,507 31 ,137 - 3 4 ,993 1 ,513 36 ,506 -37,,538 6,,622 44,,160 33 ,661 84 ,726 51 ,065 10 ,272 65 ,609 55 ,337 -15 ,667 49 ,435 65 ,102 6 7 8 9 10 11 Reval. of mutual fund shares Change in value -Shares issued -3,,327 -776 2,,551 7 ,720 8 ,635 915 3 ,541 3 ,480 -61 -12 ,352 - 1 2 ,291 61 -12,,206 -11,,484 722 7 ,975 7 ,883 -92 5 ,438 3 ,461 - 1 ,977 - 2 ,109 9 - 1 ,141 10 968 11 12 13 14 Depreciation valuation adj. Depreciation charges -Cap. consump. allow., NIPA -1 1,,798 1 ,799 -1 2 ,030 2 ,031 2 ,267 2 ,267 -1 2 ,570 2 ,571 3,,219 3,,219 -1 3 ,907 3 ,908 -1 4 ,547 4 ,548 - 1 12 5 ,323 13 5 ,324 14 Reval. of physical assets (Nonres. plant 8 equipment) Change in value Depreciation charges -Gross purchases, F/F basis -539 2 ,757 1 ,798 5 ,094 -19 3 ,441 2 ,030 5 ,490 -1 ,152 3 ,139 2 ,267 6 ,558 -46 5 ,101 2 ,570 7 ,717 4,,399 9,,172 3,,219 7,,992 1 ,497 5 ,190 3 ,907 7 ,600 3 ,057 6 ,268 4 ,547 7 ,758 4 ,193 7 ,692 5 ,323 8 ,822 5 6 7 8 + 15 16 17 18 + 19 Change in the value of land holdings 20 + Reval. of corp.equity hldgs. Change in value 21 -Net purchases 22 23 + Other revaluations 24 = Change in net worth DATA ARE IN MILLIONS OF DOLLARS. 15 16 17 18 133 183 188 251 508 -325 146 263 19 -1 ,978 9 ,330 11 ,308 25 ,981 45 ,209 19 ,228 37 ,019 53 ,730 16 ,711 -54 ,068 -40 ,493 13 ,575 -60,,776 -54,,658 6,,118 45 ,495 56 ,154 10 ,659 19 ,839 32 ,672 12 ,833 -18 ,622 20 -10 ,812 21 7 ,810 22 152 632 - 5 ,146 -1 375 -2 2 ,547 1 ,310 23 5 ,657 15 ,409 12 ,378 9 ,142 1,,968 9 ,507 22 ,960 25 ,973 24 APRIL 1986 Private Financial Institutions P d 2 C 6 0 726 Private Financial Institutions Sector Stock-Flow Reconciliation Statements ANNlM. FLOWS ANNUAL FLOWS 1978 1979 1980 1981 1982 1983 1984 1985 Private Financial Institutions 1 Gross inv..flow of funds basis 2 3 • 33 .244 35 .872 34 ,706 16 , 5 9 6 16 . 7 1 6 35 ,228 2 3 .509 24 ,589 1 Corporate equity issues Mutual fund shares issued 2 .320 -72 3 .104 382 6 ,277 4 ,484 7 ,848 5 ,956 2 0 .754 16 . 7 7 9 33 ,966 31 , 4 9 2 4 2 .296 37 .139 104 ,185 99 ,561 2 3 4 - Capital consump.allow.. NIPA 6 .391 7 .623 8 ,871 10 , 4 8 5 12 .018 12 , 8 5 7 14 , 1 0 1 15 , 4 8 9 4 5 Net investment flow. balance sheet basis 29 .245 3 0 .971 27 ,628 8 .003 8 .673 24 .845 14 , 5 6 5 13 , 7 2 4 5 Reval.of life insurance and pension fund reserves Change in liability -Net claims issued 3 .410 8 2 .793 79 ,383 2 2 ,655 109 ,563 8 6 ,908 5 3 ,094 160 ,329 107 ,235 - 2 6 ,624 8 1 ,534 108 ,158 4 0 ,070 175 ,368 135 ,298 5 8 .669 188 ,655 129 .986 - 9 ,226 1 0 5 ,871 115 ,097 117 ,777 2 5 9 ,409 141 ,632 6 7 8 501 429 -72 4 ,995 5 ,377 382 7 ,811 12 ,295 4 ,484 - 5 ,578 378 5 ,956 8 ,839 2 5 ,618 16 , 7 7 9 8 ,348 39 ,840 31 , 4 9 2 - 5 ,272 31 , 8 6 7 3 7 ,139 32 ,845 132 ,406 9 9 ,561 9 10 11 7,,623 7,,623 8 ,871 8 ,871 10,,485 10,.485 12 ,018 12 ,018 12 , 8 5 7 12,, 8 5 7 -2 14,,099 14,.101 3 15 , 4 9 2 15 ,489 12 13 14 3..724 9,.733 7, 6 2 3 13, 6 3 2 8,,183 12,.976 8 ,.871 13,.664 7,.879 13, 3 9 1 10, 4 8 5 15, 9 9 7 3,.587 8 ,.772 12,.018 17,.203 -467 5 .806 12,.857 19,.130 3,.742 11,.171 14, 0 9 9 21, 5 2 8 5,,594 10,,572 15,.492 2 0 ,,470 15 16 17 18 288 19 6 7 8 9 10 11 Reval. of mutual fund shares Change in value -Shares issued 12 13 14 Depreciation valuation adj. Depreciation charges -Cap. consump. allow.. NIPA + Reval. of physical assets (Nonres. plant 8 equipment) Change in value Depreciation charges -Gross purchases. F/F basis 15 16 17 18 + 19 20 21 22 Change in the value of land holdings 6 ,391 6 , 391 7,.472 12,-541 6,.391 11..460 733 53 763 845 357 487 743 Change in value -Net purchases 8. 428 13, 1 0 0 4, 6 7 2 31, 8 8 4 44, 760 12, 8 7 6 67, 751 92, 635 24, 8 8 4 - 3 4 , 125 - 1 3 , 198 20, 927 52, 049 88, 939 36, 8 9 0 80, 649 137, 311 56, 662 - 1 1 , 688 - 1 , 361 10, 3 2 7 + Reval. of corp.equity hides. 167, 3 8 2 2 0 214, 782 21 47, 400 22 23 + Other revaluations - 1 . 344 231 -11, 922 901 3, 5 3 4 236 35, 774 882 23 24 = Change in net worth 40. 623 38. 751 31, 4 9 8 13, 903 19. 291 38, 261 57, 636 35, 481 24 DATA ARE IN MILLIONS OF DOLLARS.
@FedFRASER