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C.9
April 1989
Balance Sheets
Flow of Funds

Balance Sheets
For the U.S. Economy
1949-88

Board of Governors of the Federal Reserve System, Washington, D.C. 20551







Table of Contents

Pages

Balance sheet tables:

I-5

National Net Worth

6-10

Tangible Asset Holdings

II-15

Households

16-20

Farm and Nonfarm Noncorporate Business

21-25

Nonfinancial Corporate Business

26-30

Private Financial Institutions

Stock-flow reconciliation tables:
31-35

All Sectors

36-40

Sector Flow Summaries

41-45

Households

46-50

Farm and Nonfarm Noncorporate Business

51-55

Nonfinancial Corporate Business

56-60

Private Financial Institutions

Federal Reserve Statistical Release C.9
Balance Sheets for the U.S. Economy
1949-88

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 the 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 (BEA) 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
reproducible assets are valued at current 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 1988. This
issue includes new capital stock data for 1988 from BEA, and
incorporates fourth-quarter estimates for financial assets and
liabilities published in the quarterly Flow of Funds Accounts.
Information on obtaining Flow of Funds publications is provided below.
For nonfinancial corporations the balance sheet statement
includes an alternative measure of tangible assets at historical c o s t —
the amount actually paid to acquire tangibles whenever purchased—and
the alternative measure of net worth that results from this valuation.
The historical-cost estimates for reproducibles come from the same BEA
calculation that produces current-cost estimates and are thus consistent
for comparison of alternative pricing methods. The BEA calculation is a
perpetual-inventory procedure that consists of accumulating purchases
over a long period of years and deducting depreciation and retirements
according to various schedules. It is entirely independent
statistically of published business balance sheet measures of fixed
assets, even for historical-cost measures.

1. U.S. Department of Commerce, Bureau of Economic Analysis, Fined
Reproducible Tangible Wealth in the United States, 1925-85 (Washington:
U.S. Government Printing Office, June 1987). See also John C. Musgrave,
"Fixed Reproducible Tangible Wealth in the United States, 1984-87,11
Survey of Current Business, vol. 68 (August 1988), pp. 84-87.




Accompanying the balance sheets is a parallel set of tables
that relate changes in net worth that appear in the balance sheets to
gross investment flows that are published in the 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 for changes in land values.
Further allowances are needed for statistical differences in
depreciation measures and for discontinuities in source data that occur
when the scope of method of measurement is changed. These adjustments
appear in the individual sector stock-flow reconciliation statements
included here.
Subscription information. Effective in 1987, the Federal
Reserve Board began charging nominal amounts for subscriptions to all
public releases to defray postage costs. The annual cost of the Z.7
release, Flow of Funds Summary Statistics, presently is set at $3.00;
the price of the full Z.l release, Flow of Funds Accounts, has been
fixed at $10.00. The cost of the C.9 release, Balance Sheets for the
U.S. Economy, which appears twice a year, usually in April and October,
is $3.00 per year. Subscription inquiries for these releases should be
directed to Publications Services, Stop 138, at the Federal Reserve
street address given below.
Quarterly or annual data for specific sectors of the accounts,
in reasonable scope, are available in printed form from the Flow of
Funds Section on request. Computer tapes for the entire quarterly data
base in the accounts may be purchased from the National Technical
Information Service, 5285 Port Royal Road, Springfield, Virginia 22161.
Tape prices are determined by NTIS.
Requests and inquiries about the data and historical
tabulations of the data should be addressed to:




Flow of Funds Section
Room B-5100, Stop 95
Board of Governors of the
Federal Reserve Systems
20th and Constitution Avenue NW
Washington, D.C. 20551
(202) 452-3482

-ii-

April 1989
N a t i o n a l Net Worth

N a t i o n a l Net Worth

1

C o n s o l i d a t e d D o m e s t i c Net A s s e t s with T a n g i b l e s at C u r r e n t Cost
Year-End O u t s t a n d i n g s

1949

Year-End Outstandings
1950

1

745 ,442

856,.994

952:,616

2
3
4
5
6

590 >674
223 >263
203,>761
77:,084
86 i
>566

680, 4 6 9
249,,242
226,.903
96,.135
108,.189

758 >085
2 7 3 >009
251 ,
>838
108,>823
124:,415

797
288
267
108
133

7

154 !
,768

176,.525

194:,531

8
9

24 ,563
15:,944

22,.820
16,.949

22:>872
16:>755

1000:,343

1044:,338

1090:,696

1176,850

8 3 3 ,530
300:,579
280:>890
109:>088
142:,973

864:,745
317:.852
293:,079
106,.734
147,.080

933,685
342,427
319,968
113,975
157,315

2 0 3 ,124

210:,808

225,,951

243,165

23 ,252
18 ,214

22:>091
19:,495

.793
21 ,
19,.674

21 ,753
21,212

,219
, 153
,074
,003
,989

1284:,340 T a n g i b l e a s s e t s
1012:,198
361 :
,660
355:>916
122:>745
171 :
,877
272:, 142

R e p r o d u c i b l e a s s e t s (1)
Residential structures
N o n r e s . plant 8 e q u i p .
Inventories
Consumer durables
Land

at m a r k e t v a l u e s

22,,058 U.S. gold and S D R s
24:,673 Net c l a i m s on f o r e i g n

(2) (3 )

785 ,949

896, 763

992,,243

1041:,809

1085,,924

1132,.163

1219,815

11

785:,949

8 9 6 ,763

992,,243

1041 ,809

1085 ,924

1132 ,163

1219:

D o m e s t i c net w o r t h by s e c t o r :
1331 :
,071 T o t a l , all s e c t o r s

12
13
14
15
16
17

986 ,405
484 >833
854,791
248:,491
106 >375
15:
,092

1089 ,377
529 ,303
955 ,913
278 ,780
130 ,319
17:
,511

1184:,732
575:,099
1047:,998
2 9 9 >720
152:,812
20:,367

1241
608
1102
302
166
24

1292
637
1129
305
158
28

,730
,197
,040
,037
,268
,538

1347,304
666 >435
1239 ,088
310 >448
2 2 8 ,910
33 :
,295

1432:,397
708:,419
1348:,722
321:,350
278:>455
40:,498

1543:,586
759:,706
1440:>978
339:>552
296: 041
45:>679

18
19
20

155 >910
99:,549
212:>704

167 ,565
119 ,586
235 ,819

177:>160
.785
131 :
259:>986

184 ,565
129 ,540
291 ,074

188:>096
131 :
,561
305:,908

196:>037
134:,745
333:,099

21
22
23
24

33:,409
26:>382
15 >092
8 >065

,104
• 786
, 184
,866

50 ,354
34 ,757
28 ,538
12 ,941

55 >304
39 •737
33:>295
17:,728

60:,097
43:,743
40:,498
24,,144

25
26
27
28
29

-208:>550
"6:,459
- 2 0 2 ,356
265

- 2 0 6 > 125
- 1 1 ,935
- 1 9 4 ,533
343

- 2 1 4 ,565
- 1 3 ,961
- 2 0 0 ,964
360

- 2 2 3 ,928
- 1 7 865
- 2 0 6 :,437
374

-224- 500
.108
- 2 0 2 ,,784
392

30

8 094

37 ,104
29 ,005
17 ,511
9 • 412
-203:,277
- 8 ,450
- 1 9 5 ,118
291

40 702
30:,592
20:>367
10:>257
- 1 9 9 :>097
- 9 :,750
- 1 8 9 :,659
312

,714
,781
,221
,758
,498
, 184

180 ,655
131 ,294
275 ,880
45
32
24
11

-

10:
,663

6: 608

6:
>220

7 ,759

8,.787

CO

10

Total consolidated
1331 •
.071
d o m e s t i c net a s s e t s

-

11, 918

207:• 643
141 :
,838
368:, 149
66:>250
46: 5 1 7
45:>679
25,,946
- 2 2 3 ,.566
- 2 5 :• 471
- 1 9 8 ,• 5 0 0
405
-

(2 ) (3)

Private total, consolidated
Households
Sector basis
- E q u i t y in n o n c o r p . bus.
- C o r p . e q u i t i e s held ( 4 X 5 )
- P e n s i o n fund r e s e r v e s
Nonfarm noncorp. business
Farm business
N o n f i n a n c i a l c o r p s . (2)
P r i v a t e f i n a n c i a l insts. (2)
S e c t o r basis
• P e n s i o n fund r e s e r v e s
- C o r p . e q u i t i e s held (4 ) (5 )
Public sectors: financial
a s s e t s less l i a b i l i t i e s
S t a t e and local g o v e r n m e n t s
U.S. g o v e r n m e n t
S p o n s o r e d credit a g e n c i e s
Monetary authority

11, 051 U n a l l o c a t e d

financial assets

CI) At current cost.
(2) Net of foreign direct i n v e s t m e n t in U.S. b u s i n e s s ,
but before deduction of f o r e i g n h o l d i n g s of U.S.
publicly-issued equities.
(3) E x c l u d e s U.S. h o l d i n g s of f o r e i g n e q u i t i e s .
(4) Includes h o l d i n g s of foreign s h a r e s .
(5) E x c l u d e s m u t u a l fund s h a r e s .
Data are in m i l l i o n s of d o l l a r s .




25
26
27

28
29

A p r i l 1989
N a t i o n a l Net W o r t h

N a t i o n a l Net Worth
C o n s o l i d a t e d D o m e s t i c Net A s s e t s with T a n g i b l e s at C u r r e n t C o s t

Year-End Outstandings

Year-End Outstandings

1 Tangible assets

1351 ,817

2
3
4
5
6

R e p r o d u c i b l e a s s e t s CI)
Residential structures
N o n r e s . plant 8 e q u i p .
Inventories
Consumer durables

7

Land at m a r k e t v a l u e s

8 U.S. gold and S D R s
9 Net claims on foreign
Total consolidated
d o m e s t i c net a s s e t s
10

(2 ) (3 )
(2 ) (3)

D o m e s t i c net w o r t h by s e c t o r :
11 T o t a l , all s e c t o r s
12
13
14
15
16
17

Private total, consolidated
Households
Sector basis
- E q u i t y in n o n c o r p . bus.
- C o r p . e q u i t i e s held ( 4 ) ( 5 )
- P e n s i o n fund r e s e r v e s

18
19
20

Nonfarm noncorp . business
Farm b u s i n e s s
N o n f i n a n c i a l corps. (2)

21
22
23
24

P r i v a t e f i n a n c i a l insts. (2)
Sector basis
•Pension fund r e s e r v e s
- C o r p . e q u i t i e s held (4 ) (5 )

25
26
27
28
29

Public sectors: financial
a s s e t s less l i a b i l i t i e s
S t a t e and local g o v e r n m e n t s
U.S. g o v e r n m e n t
S p o n s o r e d credit a g e n c i e s
Monetary authority

30 U n a l l o c a t e d

financial assets

1408:,293

1476 ,222

1534 ,146

1585 ,735

1646 ,442

1710 ,530

1806 ,247

1

,638
,455
,667
,341
,175

1091,,827
390,,946
392,,660
126,,259
181,,962

1139 ,426
409,,688
409,,015
131,,714
189,,009

1175 ,508
4 2 5 ,962
4 2 0 ,382
135 ,508
193,,656

1207
441
432
137
196

,779
,560
,260
,164
,795

1254,,747
459,,106
449,,563
143,,761
202,,317

1302 ,401
471 ,540
468 ,552
149,,508
2 1 2 ,801

1376,,073
502,,050
494,,943
155,,367
2 2 3 ,713

2
3
4
5
6

2 9 3 ,179

1058
375
380
126
176

316,>466

336,,796

358 ,638

377,,956

391 ,695

4 0 8 ,129

430,,174

7

22,,857
2 8 ,672

20,,582
31,,124

,507
19,
31,,263

,804
17,
33,,893

16 ,947
37,,826

16,
,057
40,,330

15 ,596
43 ,163

15,
,471
50,,140

8
9

1403,,346

1459,,999

1526,,992

1585,,843

1640 ,508

1702 ,829

1769 ,289

1403,,346

1459 ,999

1526 ,992

1585,,843

1640 ,508

1702 ,829

1769 ,289

1871 ,858 11

1618 ,158
789 ,465
1451 ,
,530
352,,065
2 5 8 ,668
51,,332

1691 ,322
8 2 7 ,638
1615 ,442
367,,298
360 ,070
60,,436

1764
865
1696
375
386
69

1827,,075
906,,672
1742,,906
381 ,075
378,• 431
76,,728

1890
942
1900
390
477
88

1962 ,246
978,450
1889 ,934
401 ,
,662
416,, 183
93,,639

2 0 3 0 ,872
1017 ,924
2 0 2 5 ,437
412,,778
488,694
106,,041

2140
1079
2164
428
535
120

213,,861
148,,606
392,,895

2 2 0 ,501
157,,846
408,,240

225,,008
161 ,
,500
428,,667

73,
,331
47,,529
51,,332
25,,530

77,
,097
53,,022
60,,436
36,,361

8 3 ,335
56,,723
69 ,246
42,,634

- 2 2 6 ,,398
-29,
,799
- 1 9 7 ,,042
443

-242,
,308
- 3 4 ,596
- 2 0 8 ,,190
478

- 2 4 9 ,018
- 3 8 ,255
- 2 1 1 ,271
508

-

,586
11,

"

10,
,985

(1) At current cost.
(2) Net of foreign direct i n v e s t m e n t in U.S. b u s i n e s s ,
but before d e d u c t i o n of foreign h o l d i n g s of U.S.
publicly-issued equities.
(3) E x c l u d e s U.S. h o l d i n g s of foreign e q u i t i e s .
(4) Includes h o l d i n g s of foreign s h a r e s .
(5) E x c l u d e s m u t u a l fund s h a r e s .
Data are in m i l l i o n s of d o l l a r s .




,489
,979
,601
,203
,173
,246

-

11 ,521

229,,810
162,,650
437 i
,037
90, 906
60,,417
76,• 728
46,,239
- 2 5 0 ,,512
- 4 1 ,.478
- 2 0 9 ,,573
539
-

,280
9,

,331
,763
,223
,883
,928
,649

2 3 5 ,101
167 ,508
4 5 0 ,007
94
67
88
61

,952
,688
,649
,385

- 2 6 0 ,240
- 4 5 ,546
- 2 1 5 ,279
585
-

10 ,417

1871,,858 10

,080
,633
,578
• 434
,690
,821

12
13
14
15
16
17

241 ,
,974
,708
171 ,
463,,560

247,,720
177,,482
477,,546

257 ,237 18
184 ,083 19
500 ,435 20

106,,554
70,• 8 1 0
93,,639
57,,895

110,,200
74 ,787
106,041
70,
,628

118 ,692
81 ,316
120,,821
8 3 ,445

21
22
23
24

- 2 7 2 ,040
- 5 0 ,857
,882
-221 ,
699

- 2 7 8 ,952
-53,
,899
- 2 2 5 , 801
•
748

25
26
27
28
29

- 2 6 8 ,,412
- 4 8 ,838
- 2 2 0 ,,214
640
-

8,,995

~

10,
,457

"

10 ,730 30

April 1989
N a t i o n a l Net Worth

N a t i o n a l Net Worth
C o n s o l i d a t e d D o m e s t i c Net A s s e t s with T a n g i b l e s at C u r r e n t Cost

Year-End O u t s t a n d i n g s

1965

Year-End Outstandings
1966

1967

1968

1970

1971

1

1920,,053

2095:,633

2228,,602

2 4 3 8 ,407

2 6 5 2 ,705

2828,,085

3079,,132

3396,,161 T a n g i b l e a s s e t s

2
3
4
5
6

1466,.972
526 ,165
535,• 711
169:-055
236,,061

1602,,086
567,,4 78
590,,951
185,,170
258,,487

1717,,644
596,,380
640,,677
197,,377
283,,210

1903
667
709
211
314

2092
731
784
232
343

,814
,905
,783
,396
,730

2 2 5 0 ,089
772 ,214
8 6 5 ,131
240,,310
372,,434

2462 515
860,,459
950,,521
257,,804
393,,731

2707,,998
964,,656
1033, 065
285,• 593
424,,684

7

453,,081

493,,547

510,,958

535 ,380

559 ,891

577,,996

616,,617

8
9

,065
14,
56,,001

13,
,235
59,,820

12,,065
63,,372

10,892
67 ,237

11 ,859
66 ,921

11,
,923
68,,430

11 ,400
,
54,,655

,027
,831
,247
,732
,217

688,,163

R e p r o d u c i b l e a s s e t s (1)
Residential structures
N o n r e s . plant 8 equip.
Inventories
Consumer durables
Land

at m a r k e t v a l u e s

12, 4 4 5 U.S. gold and S D R s
50,,198 Net c l a i m s on f o r e i g n
Total consolidated
3458,804
d o m e s t i c net a s s e t s

(2X3)
(2X3)

11

1990 ,119

2168,,688

2304,,039

2516,,536

2731,,485

2908,,438

3145,,187

D o m e s t i c net w o r t h by s e c t o r :
3458,,804 T o t a l , all s e c t o r s

12
13
14
15
16
17

2 2 5 9 ,533
1142 ,076
2 3 2 7 ,956
449 ,617
600,493
135,,770

2439,,500
1239,.774
2401 ,
,934
477,,090
540.,920
144,,150

2593,,694
1339,,454
2 6 7 4 ,647
493,,854
676,,319
165,,020

2816,,540
1479,,331
2995,,318
523,,622
8 0 6 ,938
185,,427

3024 ,629
1589,,795
3031 ,583
548,,054
699 ,111
194,,623

3216 ,035
1699,,244
3161,,757
566 ,570
682 ,652
2 1 3 ,291

3482 ,564
1852 ,383
3487 ,519
609,,652
777,,960
247,,524

3808,,759
2019,,284
3853,,269
674 ,051
861 ,
,986
297,,948

18
19
20

266 ,495
196 ,905
529 ,963

286,,779
204,,636
569,,581

2 9 3 973
214,,926
606,,610

313 455
225,,986
653,,061

329 ,910
234,,563
713,,544

343 ,463
2 3 9 ,900
767,,841

369,,108
258,,649
838,,006

400, 412
294,,235
913,,750

Nonfarm noncorp. business
Farm business
N o n f i n a n c i a l corps. (2)

21
22
23
24

124
86
135
98

,094
,
,980
,770
,656

138 ,730
88,,841
144,,150
94,,261

138,,731
95 ,819
165 ,020
122 ,108

144 ,707
104,,177
185 ,427
144 ,897

156
102
194
140

165 ,587
101 • 8 0 8
213:,291
149:,512

164 4 1 8
111 ,864
2 4 7 ,524
194:,970

181 ,
,078
120,
2 9 7 ,948
237,,092

P r i v a t e f i n a n c i a l insts. (2)
S e c t o r basis
• P e n s i o n fund r e s e r v e s
- C o r p . e q u i t i e s held ( 4 X 5 )

25
26
27
28
29

- 2 8 2 ,315
- 5 6 ,804
- 2 2 6 ,314
803

- 2 8 7 ,195
-59,
,267
-228,
,777
849

- 3 0 5 483
- 6 4 ,070
- 2 4 2 ,304
891

- 3 2 0 ,006
- 6 9 ,184
- 2 5 1 ,728
,
906

- 3 4 0 ,249
- 8 3 ,855
- 2 5 7 ,352
958

- 3 7 2 ,403
- 9 2 :,869
- 2 8 0 ,587
1 ,053

- 3 8 8 ,681
- 9 1 ,283
-298,597
1 .199
•

30

12 ,901

16 ,383

15 ,828

32 ,652

35:,026

10

-

-

2 0 ,002

,817
,675
,623
,481

- 3 2 3 ,782
- 7 9 ,181
- 2 4 5 ,542
941
-

30 ,638

-

-

Private total, consolidated
Households
S e c t o r basis
- E q u i t y in n o n c o r p . bus.
- C o r p . e q u i t i e s held ( 4 X 5 )
- P e n s i o n fund r e s e r v e s

Public sectors: financial
a s s e t s less l i a b i l i t i e s
S t a t e and local g o v e r n m e n t s
U.S. g o v e r n m e n t
S p o n s o r e d credit a g e n c i e s
Monetary authority

38 ,726 U n a l l o c a t e d

financial assets

(1) At current cost.
(2) Net of foreign direct i n v e s t m e n t in U.S. b u s i n e s s ,
but before d e d u c t i o n of foreign h o l d i n g s of U.S.
publicly-issued equities.
(3) E x c l u d e s U.S. h o l d i n g s of f o r e i g n e q u i t i e s .
(4) Includes h o l d i n g s of foreign s h a r e s .
(5) E x c l u d e s m u t u a l fund s h a r e s .
Data are in m i l l i o n s of d o l l a r s .




12
13
14
15

18
19
20

25
26
27
28
29

April 1989
National Net

Worth

National Net Worth

4
Year-End

Consolidated

1 Tangible

assets

at m a r k e t

D o m e s t i c net worth
11 T o t a l , a l l s e c t o r s

by

(2) (3)

21
22
23
24

P r i v a t e financial insts. (2)
Sector basis
•Pension fund r e s e r v e s
- C o r p . e q u i t i e s h e l d (4 ) ( 5 )
Public sectors: financial
assets less liabilities
S t a t e and l o c a l g o v e r n m e n t s
U.S. government
Sponsored credit agencies
Monetary authority
financial

in m i l l i o n s




1976

1977

1978

1979

1980

4 5 7 9 ,791

4981 :
,522

5 5 5 7 ,472

6 3 1 8 ,,982

7404, 977

8 4 9 7 ,,562

9 5 7 9 ,701

1

3 0 9 0 ,,676
1109,,890
1157,,661
352,,625
470 i
,500

3 6 5 2 ,281
1 2 6 2 ,175
1 4 2 2 ,612
4 2 3 ,315
544,179

3 9 5 9 ,006
1 3 6 3 ,500
1570,,979
4 2 8 ,,828
5 9 5 ,,699

4 3 5 8 ,239
1532:,333
1 7 0 9 .871
4 6 3 ,282
652,,753

4 9 1 2 ,,132
1785,, 154
1895,,798
5 0 5 ,,683
725,,497

5703, 492
2095, 090
2 1 9 9 , 699
5 8 8 , 241
820, 462

6 4 6 6 ,,637
2 4 0 7 ,,398
2 4 5 9 ,r 108
674,,837
925,,294

7 2 4 3 ,113
2 6 7 6 ,,405
2 8 0 7 ,,427
7 3 9 ,312
1019,,969

2
3
4
5
6

13,818
55,555

14,026
57,835

13,934
86,978

13,993
105,654

13,770
134,105

8
9

9727,576

10

9 7 2 7 ,576

11

14,348
87,888

13,229
91,125

13,896
114,206

assets

4651 ,
,652

5 0 8 2 ,434

5 6 7 7 ,,119

6 4 2 1 ,218

7 5 0 9 ,331

8 6 2 5 ,, 6 6 4

4318, 861
2 2 4 1 ,• 4 6 1
4 0 1 5 ,,995
8 0 8 ,,490
6 6 3 ,,561
302, 483

5 0 3 4 , 991
2530, 347
4 1 9 7 , 111
899, 811
459, 864
307, 089

5 5 3 9 ,278
2 7 6 3 ,526
4 7 4 7 ,961
9 8 3 ,661
5 9 8 ,611
402,,163

6 1 8 3 ,744
3 0 7 9 ,,336
5 3 6 6 ,815
1 1 1 3 ,561
712,,879
461 ,
,039

6 9 7 3 ,422
3 4 7 6 ,546
5 9 2 2 ,528
1 2 7 0 ,060
6 6 8 ,470
5 0 7 ,,452

8098
3975
6757
1516
663
601

,839
,006
,433
,817
,873
,737

9268, 278
4 4 8 1 ,4 8 8
7772, 590
1779, 550
8 1 2 , 156
699, 396

1 0 4 5 0 ,555 12
4 9 5 0 ,013 13
8 9 3 4 ,498 14
2 0 3 3 ,,518 15
1111 ,325 16
8 3 9 ,642 17

462, 206
371 , 327
•
1022, 020

516, 241
410, 606
1308, 376

5 5 2 ,,671
4 6 1 ,134
1 4 5 8 ,781

616,,224
5 3 2 ,,682
1 6 1 0 ,,164

7 2 6 ,682
5 8 2 ,438
1 7 7 6 ,497

8 7 5 ,600
6 8 7 ,359
2 0 5 9 ,744

1038, 275
7 9 4 , 173
2 3 6 3 , 794

1216.,648 18
8 7 4 ,688 19
2 7 1 9 ,,303 2 0

2 2 1 ,,847
123, 7 1 3
302, 483
2 0 4 ,3 4 9

269, 421
119, 9 5 8
307, 089
157, 6 2 6

3 0 3 ,166
116 ,564
4 0 2 ,,163
2 1 5 ,,561

345,,338
1 3 3 ,924
461 ,
,039
2 4 9 ,,625

-390,880
- 8 6 ,,625
- 3 0 5 ,,715
1 ,460
,

-406, 218
- 9 0 ,3 0 0
-317,846
1 ,9 2 8

- 4 8 7 ,371
— 9b,,739
- 3 9 2 ,831
2 ,199

-

48, 549

-

22,879

(1 ) At c u r r e n t c o s t .
( 2 ) N e t of f o r e i g n d i r e c t i n v e s t m e n t in U . S . b u s i n e s s ,
b u t b e f o r e d e d u c t i o n of f o r e i g n h o l d i n g s of U . S .
publicly-issued equities.
1 3 ) E x c l u d e s U . S . h o l d i n g s of f o r e i g n e q u i t i e s .
( 4 ) I n c l u d e s h o l d i n g s of f o r e i g n s h a r e s .
(5) E x c l u d e s m u t u a l fund s h a r e s .
are

1975

3 9 7 6 ,,530

Nonfarm noncorp. business
Farm business
N o n f i n a n c i a l corps. (2)

30 U n a l l o c a t e d

1974

Outstandings

sector:

Private total, consolidated
Households
Sector basis
- E q u i t y in n o n c o r p . b u s .
- C o r p . e q u i t i e s h e l d (4 M 5 )
- P e n s i o n fund r e s e r v e s

Data

Cost

(25(3)

18
19
20

25
26
27
28
29

at C u r r e n t

values

Total consolidated
d o m e s t i c net assets

12
13
14
15
16
17

Tangibles

3 9 0 7 ,,157

8 U . S . g o l d and S D R s
9 N e t c l a i m s on f o r e i g n

10

with

Year-End

R e p r o d u c i b l e assets (1)
Residential structures
Nonres. plant & equip.
Inventories
Consumer durables
Land

Net Assets

Outstandings

1973

2
3
4
5
6

Domestic

of

dollars.

- 5 4 2 • 643
- 9 4 ,002
-451 ,
,171
2,,530

-

30,,527

411
145
507
241

,259
,568
,452
,761

- 5 8 1 ,368
- 7 7 ,102
- 5 0 7 , 151
2,,885
-

36,,018

2 9 ,,164

501
175
601
276

,
,130
,959
,
,737
,566

590, 548
210, 212
699, 396
319, 060

- 6 1 4 ,,418
- 7 1 ,,172
- 5 4 6 ,,651
3,
,405

- 6 4 1 ,7 6 5
- 7 3 ,412
- 5 7 2 , 314
3, 961

-

2 4 ,,910

689,,903
2 4 6 ,633
8 3 9 ,642
396,,372

21
22
23
24

- 7 1 2 .,892
- 7 9 ,,438
- 6 3 7 ,• 7 5 2
4,,298

25
26
27
28
29

-

849

- 1 0 ,• 0 8 7 30

April 1989
National Net W o r t h

N a t i o n a l Net W o r t h
C o n s o l i d a t e d D o m e s t i c Net A s s e t s with T a n g i b l e s at C u r r e n t C o s t
Year-End Outstandings

Year-End O u t s t a n d i n g s

1

10604 ,805
, 046
,454
,130
,988
,474

10824,• 605

11395,,916

11980, 012

12483,,361

8 1 5 5 • 359
2 8 9 3 ,937
3348 i
,274
771,,459
1141,,689

8 5 5 7 ,,227
3112,,749
3450,,406
787,,190
1206,,882

9082,,676
3308! 357
3630,,176
8 5 8 ,.166
1285,,977

9515 ,842
3482 ,951
,680
3771 ,
8 6 3 ,542
1397,,669

13163:,206

14078 ,534

14964,,839 T a n g i b l e a s s e t s

,451
,055
,437
,123
,836

10716 ,668
3990 ,496
4 1 0 0 ,560
941 ,533
1684,,079

11430,,967
4181,,737
4367,,443
1035,,565
1846,,222

10001
3686
3917
863
1534

R e p r o d u c i b l e a s s e t s CI)
Residential structures
N o n r e s . plant & e q u i p .
Inventories
Consumer durables

2
3
4
5
6

7989
2928
3175
788
1096

7

2615 ,759

2669,,246

2 8 3 8 ,689

2897,,336

2 9 6 7 ,519

3161 ,755

3361 ,866

3533 ,872

8
9

15 ,246
169 ,451

16 ,398
180,,140

16,
,146
143 ,633

16,
,737
55,,366

18 ,383
- 3 9 ,648

19 ,459
- 1 6 1 ,258

21 ,361
- 2 6 9 ,683

2 0 ,694 U.S. gold and S D R s
- 3 8 3 ,801 Net c l a i m s on f o r e i g n

12052,115

11021,143

12462,096

Land

at m a r k e t v a l u e s

Total consolidated
14601,732
d o m e s t i c net a s s e t s

13021,407

(2) (3 )

(2X3)

11

10789,,502

11021,,143

11555,,695

12052,,115

12462,,096

13021,,407

13830,,212

D o m e s t i c net w o r t h by s e c t o r :
14601,,732 T o t a l , all s e c t o r s

12
13
14
15
16
17

11596,,863
5463,479
9682 ,753
2257 ,114
1051 ,424
910 ,736

11979,,078
5660,,935
10145,,010
2229,,342
1173,,445
1081,,288

12700,,635
6150,,992
11034,,123
2279,,873
1323,,175
1280,,083

13434,,499
6632,,867
11595,,038
2236,,995
1323,,143
1402 033

14025,,307
7080,,673
12618 ,515
2 1 9 9 ,725
1685 ,273
1652 ,844

14824, 160
7664,,257
13637,,597
2234,,587
1850,,636
1888,,117

15817, 154
8 3 1 7 ,,136
14397,,395
2322,,741
1697,• 753
2059, 765

16781
8857
15446
2410
1815
2363

18
19
20

1454 ,397
8 5 8 ,931
3049,,516

1469,,118
811 ,812
3173,,198

1532,,083
797,,502
3271,,574

1589,,108
688 ,316
3399 ,616

1629 ,999
602 ,292
3 4 6 0 ,866

1124
326
1402
603

10

21
22
23
24

770
248
910
389

,540
,842
,736
,038

8 6 4 ,015
253 ,948
1081 ,288
471,,221

948 ,484
2 7 0 ,722
1280 ,083
602,,321

25
26
27
28
29

-791
-81
-715
4

,579
,265
,110
,796

- 9 4 4 ,791
- 8 2 ,057
- 8 6 8 ,837
6 ,103

- 1 1 3 0 ,692
- 7 7 • 423
- 1 0 6 0 ,239
6 ,970

30

-

- 1 5 ,782

-

- 1 3 ,144

-

- 1 4 ,248

-1299
-58
-1249
7

,592
.396
,033
,837

• 644
• 272
,209
,837

1251
373
1652
775

,477
,942
,844
,309

-1492
-35
-1463
6

,068
,424
,038
,394




18
19
20

1812 ,037
624 ,883
3700 ,743

Nonfarm noncorp. business
Farm business
N o n f i n a n c i a l c o r p s . (2)

1402,,141
4 4 5 ,277
1888 ,117
931 ,253

1567,,585
489,,928
2059,,765
982,,108

1786
531
2363
1108

P r i v a t e f i n a n c i a l insts. (2) 21
S e c t o r basis
22
• P e n s i o n fund r e s e r v e s
23
- C o r p . e q u i t i e s held ( 4 ) ( 5 ) 2 4

-1707
-20
-1692
5

,342
,988
315
,961

-1905 872
,503
-22,
-1889,
,688
6,
,319

- 9 5 ,411

-81,
,070

,796
,987
,309
,500

- 2 0 9 7 ,315
- 3 7 ,522
- 2 0 6 6 ,840
7 ,047
-

Public sectors: financial
a s s e t s less l i a b i l i t i e s
S t a t e and local g o v e r n m e n t s
U.S. g o v e r n m e n t
S p o n s o r e d credit a g e n c i e s
Monetary authority

- 8 2 ,889 U n a l l o c a t e d

financial assets

(1) At current c o s t .
(2) Net of foreign direct i n v e s t m e n t in U.S. b u s i n e s s ,
but b e f o r e d e d u c t i o n of f o r e i g n h o l d i n g s of U.S.
publicly-issued equities.
(3) E x c l u d e s U.S. h o l d i n g s of f o r e i g n e q u i t i e s .
(4) Includes h o l d i n g s of f o r e i g n s h a r e s .
( 5 ) E x c l u d e s m u t u a l fund s h a r e s .
Data are in m i l l i o n s of d o l l a r s .

12
13
14
15
16
17

1769,,350
580,,986
3582,,097

-

- 7 1 ,143

Private total, consolidated
Households
Sector basis
- E q u i t y in n o n c o r p . bus.
- C o r p . e q u i t i e s held (4 ) (5)
- P e n s i o n fund r e s e r v e s

1703 • 8 1 0
5 5 7 ,162
3496 ,790

-

- 8 2 ,740

,936
,477
,595
,465
,344
,309

25
26
27

28
29
30

A p r i l 1989
Tangible Asset Holdings

Tangible Asset Holdings

6

D i s t r i b u t i o n of T a n g i b l e A s s e t s by S e c t o r
Year-End Outstandings

Year-End Outstandings
1949

1950

1951

1952

1953

1954

1955

1956
1284,,340
504,,056
150,,569
212,,549
410, 238
,928
6,

1 T o t a l h o l d i n g s of t a n g i b l e s
HouseholdsSnonprofit insts.
2
Farm business
3
Nonfarm noncorp. business
4
Nonfarm nonfinan. corps.
5
Financial corporations
6

745,,442
258,,429
,394
101 •
152,,572
229,,646
3,
,401

8 5 6 , 994
305,>993
122! 739
165, 4 2 0
259, 057
3, 785

952,,616
346,,847
136,,402
175,,759
289,,338
4,,270

1000,.343
373, 694
136, 8 5 9
179,,962
305,,376
4,,452

1044,,338
397,,837
134,,811
184,,512
322,,385
4,,793

1090, 696
422,,088
137. 732
189, 980
335, 722
5, 174

1176,,850
460,,448
142,,431
200,,657
367,,317
5,,997

7 P l a n t and e q u i p m e n t (1)
Nonprofit institutions
8
9
Farm b u s i n e s s
Nonfarm noncorp. business
10
Nonfarm nonfin. corporations
11
Financial corporations
12

203,,761
,291
11,
16 ,462
26 ,796
146,,192
,020
3,

226,>903
12,, 957
19,,007
30,,090
161,,498
3,
,351

251,,838
,806
14,
21,,440
33,,166
178,,656
3,
,770

267,,074
15,,790
,750
34,,122
190,,493
3,
,919

280,,890
16,
,502
23,,365
35 ,264
201,,575
4,,184

293,,079
17,,577
23,,670
36, 4 2 6
210,,965
4,,441

319,,968
,639
19,
24,,810
40,,303
230,,103
5,
,113

355, 916
7
22, 090 8
25,.902
9
44, 579 10
257,,504 11
5,,841 12

13 R e s i d e n t i a l s t r u c t u r e s (1)
Households:
owner-occupants
14
Nonprofit institutions
15
Farm business
16
Nonfarm noncorp. business
17
Nonfarm nonfin. corporations
18

223,,263
129,,997
4 ,573
16 ,841
67 ,467
4 ,385

249,,242
150,,019
4,,816
,937
17,
71,,745
4,,725

273
168
5
18
75
4

,009
,748
,029
,854
,397
,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

317,,852
209,,632
5 ,193
19 ,342
78 ,479
5 ,206

342,,427
231 ,005
5 ,369
19 ,639
81 ,055
5 ,359

361,,660
248,,279
5,,517
19,
,759
82,,643
5,
,462

13
14
15
16
17
18

,084
,664
,033
,387

96,,135
22,,454
15,
,462
60,,219

108
24
14
69

,823
,908
,215
,700

108 ,003
23,,307
13,
,882
70,,814

109
22
14
72

106
21
14
71

113
19
15
78

,975
,900
,155
,920

122 ,745
19,
,900
,890
15,
86,,955

19
20
21
22

19 I n v e n t o r i e s (2)
Farm business
20
Nonfarm noncorp. business
21
Corporations
23 C o n s u m e r

durables

(Households)

24 Land at m a r k e t value
Householdsfinonprof1t i n s t s .
25
Farm business
26
Nonfarm noncorp. business
27
Nonfarm nonfinan. corps.
28
Financial corporations
29

77
16
11
49

,088
,000
,378
,710

8 6 ,566

108,,189

124 ,415

133,,989

142 ,973

154
26
51
47
29

,768
,002
,427
,276
,682
381

176 ,525
30:,012
63 ,341
5 0 ,123
32 ,615
434

194
33
71
52
36

,531
,849
,200
,981
,001
500

203,,124
36 ,588
71 ,681
,
55 ,322
39 ,000
533

210
39
70
57
42

499
171
75
129
121
2

,580
,042
,075
, 187
,652
,624

558
196
88
137
131
2

612 ,603
221 ,149
98 ,687
145 ,469
144 ,164
3 ,134

643 ,828
2 3 8 ,260
100 ,009
149 ,376
152 ,984
3 ,199

669 ,365
2 5 3 ,208
98 ,871
152 ,559
161 ,351
3 ,376

,808
, 128
,295
,789
,987
609

,734
,200
,276
,258

147 ,080
225
42
73
60
48

,951
,606
,520
,799
,293
733

157 ,315
243
47
78
64
52

,165
,120
,082
. 144
,935
884

1
2
3
4
5
6

171,,877 23
2 7 2 ,142
56 ,293
8 5 ,003
69 ,437
60 ,317
1 ,087

24
25
26
27
28
29

831
329
116
174
205
4

30
31
32
33
34
35

Memo:
30 T o t a l real e s t a t e
Householdsfinonprofit i n s t s .
31
Farm business
32
Nonfarm noncorp. business
33
Nonfarm nonfin. corporations
34
Financial institutions
35
C I ) At current c o s t .
( 2 ) At y e a r - e n d p r i c e s .
Data are in m i l l i o n s of d o l l a r s .




,115
,746
,949
,609
,966
,845

707 ,691
2 7 3 , 181
102 ,540
157 ,556
170 ,748
3 ,666

764 ,146
301 ,084
108 ,171
165 ,439
185 , 168
4 ,284

,532
852
,116
,622
,974
,968

April 1989
Tangible Asset Holdings

Tangible Asset Holdings
D i s t r i b u t i o n of T a n g i b l e A s s e t s by S e c t o r
Year-End Outstandings

Year-End O u t s t a n d i n g s

1 8 0 6 , 2 4 7 T o t a l h o l d i n g s of t a n g i b l e s
727,082
HouseholdsSnonprofit insts.
209,693
Farm business
279,761
Nonfarm noncorp. business
575,984
Nonfarm nonfinan. corps.
13,727
Financial corporations

1
2
3
4
5
6

1
2
3
4
5
6

1351, 8 1 7
526,,747
158,,662
219,,296
439,,521
,591
7,

1408, 2 9 3
5 5 1 , 987
169, 3 4 0
225, 664
453, 142
8, 160

1476, 2 2 2
581,,117
175,,951
233,,370
476, 8 8 0
8, 904

1534, 146
611, 8 1 1
178,.627
240,,944
493,,209
9,
,555

1585, 735
633, 963
185,,099
247, 608
508, 781
10, 2 8 4

1646, 4 4 2
659, 4 9 6
191, 469
257, 071
527, 068
11,,338

1710, 5 3 0
684, 8 8 5
200, 695
265,,377
547,,336
12,,237

7
8
9
10
11
12

380,,667
23 ,677
26,,371
46 ,993
277,,332
6 ,294

392,,660
25,,029
26, 8 6 7
48,,120
285, 999
6, 645

409,,015
2 6 ,594
27,,487
50,,098
297,,664
7 ,172

420- 382
28,,148
27,,590
51,,270
305,,767
,607
7,

432,,260
30,,386
27,,960
52,,717
313,,132
8,,065

449, 563
33, 032
28,,753
54,,996
323,,884
8,,898

468, 5 5 2
35,,774
29,,886
57,-649
335,,628
9,
,615

4 9 4 , 9 4 3 P l a n t and e q u i p m e n t CI)
7
38,729
Nonprofit institutions
8
31,107
Farm business
9
61,148
Nonfarm noncorp. business
10
353,116
N o n f a r m n o n f i n . c o r p o r a t i o n s 11
10,843
Financial corporations
12

13
14
15
16
17
18

375,,455
261,,335
5 ,626
19 ,610
8 3 ,342
5 ,542

390,,946
275,,396
5,,801
19,
.437
84,,562
5,,750

4 0 9 ,688
291,,490
6 ,035
19 ,382
86,,705
,076
6,

425,,962
305,,663
6 ,241
19,
,235
8 8 ,475
6 ,348

441,,560
318,,004
,564
6,
,186
19,
91,,048
6,
,758

459,,106
330,,988
,129
7,
19, 091
94,,537
,361
7,

471,,540
339,,884
,513
7,
,795
18,
97,,334
8,,014

5 0 2 , 0 5 0 R e s i d e n t i a l s t r u c t u r e s CI)
13
361,593
Households:
o w n e r - o c c u p a n t s 14
8,303
Nonprofit institutions
15
19,129
Farm business
16
104,041
Nonfarm noncorp. business
17
8,984
N o n f a r m n o n f i n . c o r p o r a t i o n s 18

19
20
21
22

126
21
16
88

,341
,200
,370
,771

126,,259
22,,600
16,
,886
86,,773

131,,714
2 2 ,100
16 ,881
92 ,733

135
23
16
95

,508
,300
,618
,590

137,,164
23,,800
15 ,599
97 ,765

143,,761
25,,200
,780
15,
102:,781

149,,508
25,,700
,129
15,
108 ,679

1 5 5 , 3 6 7 I n v e n t o r i e s C2)
24,500
Farm business
15,089
Nonfarm noncorp. business
115,778
Corporations

202,,317

212,,801

223,713 Consumer

408
88
126
95
95
2

430,,174 Land at m a r k e t value
Householdsfinonprofit i n s t s .
94,,744
Farm business
134,,957
Nonfarm noncorp. business
99,,483
Nonfarm nonfinan. corps.
98 ,106
Financial corporations
,884
2,

24
25
26
27
28
29

1 2 0 1 , 9 8 5 T o t a l real estate
499,360
HouseholdsSnonprofit insts.
168,478
Farm business
237,636
Nonfarm noncorp. business
286,135
Nonfarm nonfin. corporations
10,376
Financial institutions

30
31
32
33
34
35

23

176 ,175

181,,962

189 ,009

193 ,656

196 ,795

24
25
26
27
28
29

2 9 3 ,179
59 ,934
91 ,481
72 ,591
67 ,876
1 ,297

316 ,466
63 ,799
100,,436
76 ,096
74 ,620
1 ,515

336 ,796
67 ,989
106 ,982
79 ,686
8 0 ,407
1 ,732

358 ,638
78 ,103
108 ,502
8 4 ,581
8 5 ,504
1 ,948

377
82
114
88
91
2

30
31
32
33
34
35

8 7 7 ,502
347 ,993
122 ,708
179 ,663
221 ,652
5 ,481

922 ,327
367 ,230
131 ,529
185 ,217
2 3 2 ,381
5 ,970

969 ,305
389 ,081
138 ,360
192 ,072
2 4 3 ,248
6 ,544

1012 .614
4 1 4 ,964
139 ,902
199 ,566
251 ,107
7 ,075

,956
,214
,153
,244
,126
,219

391
86
118
91
93
2

,695
,030
,425
,758
,042
,440

1055 ,793
4 3 3 ,804
145 ,962
2 0 7 ,341
2 6 0 ,919
7 ,767

1096
453
150
216
267
8

,934
,627
,720
,263
,707
,617

,129
,913
,314
,265
,015
,622

1135 ,820
4 6 8 ,326
158 ,917
2 2 4 ,556
2 7 4 ,676
9 ,345

durables

( H o u s e h o l d s ) 23

CI) At c u r r e n t c o s t .
( 2 ) At y e a r - e n d p r i c e s .
Data are in m i l l i o n s of d o l l a r s .




19
20
21
22

A p r i l 1989
Tangible Asset Holdings

T a n g i b l e Asset H o l d i n g s
D i s t r i b u t i o n of T a n g i b l e A s s e t s by S e c t o r
Year-End Outstandings

Year-End Outstandings

2095,,633
844, 2 9 4
237, 2 0 6
319, 046
677,,610
17,,477

2228,,602
899,,889
250,,236
332,,654
726,,638
,185
19,

2 4 3 8 ,407
1002,,422
262,,510
361,,384
789,,967
22:,124

2652,,705
1096,,434
273,,208
392,,318
865 814
24,,931

2 8 2 8 ,085
1167 ,540
2 8 0 ,544
4 1 7 ,227
934 ,953
27,,821

3079,,132
1278,,091
302,,727
458, 4 4 4
1008,,425
31,,445

535,,711
42,,782
33,,313
66,,192
380,,964
,460
12,

590,,951
47,,686
36,,105
72,,705
420,,267
,188
14,

640,,677
51,,320
38,,600
77,,454
457,,368
,935
15,

709,,247
5 7 ,599
41 ,838
8 5 ,050
506,,007
18 ,753

784,,783
64,,763
45,,609
94,,332
558,,739
21,,340

865,,131
71,,722
49 ,228
104,,299
615 ,785
24 ,097

950,.521
80,.703
53,,641
115,,702
672,,937
27 ,538

526
378
9
19
109
9

,165
,819
,034
,179
,329
,804

567,,478
408,,411
10,
,047
20,,011
118,,118
,891
10,

596,,380
429,,580
10 ,681
20,,517
123,,952
,650
11,

667
480
12
22
139
13

,831
,332
,042
,070
,706
,681

731,,905
524,,443
13,
,167
23 ,387
155 ,010
15 ,898

772
551
13
23
165
17

,214
,874
,720
,998
,106
,516

860
614
14
25
185
20

,459
,337
,936
,515
,471
,200

964
687
16
27
212
21

,656
,415
,802
,165
,013
,261

13
14
15
16
17
18

19 I n v e n t o r i e s (2)
Farm business
20
Nonfarm noncorp. business
21
Corporations
22

169
28
15
125

,035
,000
,838
,197

185 ,170
27,,400
16 ,329
141 ,441

197
27
17
152

,377
,900
,102
,375

211
29
17
165

,732
,100
,624
,008

232
31
18
182

,396
,800
:
,346
,250

240
31
19
190

,310
,100
,134
,076

257
35
21
200

,804
,400
,671
,733

285
44
24
217

,593
,300
,014
,279

19
20
21
22

23 C o n s u m e r d u r a b l e s

2 3 6 ,061

2 5 8 ,487

4 5 3 ,081
99 ,567
145 ,590
103 ,451
101 ,357
3 ,116

493
119
153
111
105
3

1 T o t a l h o l d i n g s of t a n g i b l e s
HouseholdsSnonprofit insts.
2
3
Farm business
Nonfarm noncorp. business
4
Honfarm nonfinan. corps.
5
Financial corporations
6

1920,,053
766,,263
226,• 082
294,,810
617,,322
,576
15,

7 P l a n t and e q u i p m e n t (1)
8
Nonprofit institutions
9
Farm business
Nonfarm noncorp. business
10
Nonfarm nonfin. corporations
11
Financial corporations
12
13 R e s i d e n t i a l s t r u c t u r e s (1)
Households:
owner-occupants
14
Nonprofit institutions
15
Farm business
16
Nonfarm noncorp. business
17
Nonfarm nonfin. corporations
18

(Households)

24 Land at m a r k e t value
H o u s e h o l d s S n o n p r o f i t insts.
25
Farm business
26
Nonfarm noncorp. business
27
Nonfarm nonfinan. corps.
28
Financial corporations
29

30 T o t a l real e s t a t e
HouseholdsSnonprofit insts.
31
Farm b u s i n e s s
32
Nonfarm noncorp. business
33
Nonfarm nonfin. corporations
34
35
Financial institutions
CI) At current cost.
(2) At y e a r - e n d p r i c e s .
Data are in m i l l i o n s of d o l l a r s .




1271,,117
525 ,906
180 ,056
2 5 0 ,257
303 ,361
11 ,537

3396,,161
1411 ,761
343,,169
5 1 7 ,207
1089 ,252
34,,772

1
2
3
4
5
6

1033,,065
7
88,,782 8
59 ,034
9
126 ,814 10
727 ,758 11
30 ,677 12

2 8 3 ,210

314 ,217

343 ,730

372 ,434

393 ,731

4 2 4 ,684 23

,547
,663
,690
,894
,011
,289

5 1 0 ,958
125 ,098
163 ,219
114 , 146
105 ,245
3 ,250

5 3 5 .380
138 ,232
169 ,502
119 ,004
105 ,271
3 ,371

559 ,891
150 ,331
172 ,412
124 ,630
108 ,927
3 ,591

5 7 7 ,996
157 ,790
176 ,218
128 ,688
111 ,576
3 ,724

616 ,617
174 ,384
188 ,171
135 ,600
114 ,555
3 ,907

688 ,163
194 ,078
2 1 2 ,670
154 ,366
122 ,954
4 ,095

24
25
26
27
28
29

1379,,981
581,,116
190,,150
271,,116
324,,913
,686
12,

1448,,405
611,,614
201,,099
281,,664
340 ,778
13,
,250

1582,,388
682,,810
210,,779
307,,138
366 666
,995
14,

1716,,094
746,,934
217,,131
334,,432
400,,705
16,
,892

1820,,388
788,,951
223,,781
354, 8 4 3
434,,192
18,
,621

2 2 3 0 ,503
980 ,222
2 6 8 ,648
4 4 4 ,125
514 ,799
22,,709

30
31
32
33
34
35

2004
877
240
390
474
20

,005
,857
,213
,632
,407
,896

April 1989
Tangible Asset H o l d i n g s

Tangible Asset Holdings
Distribution

9

of T a n g i b l e A s s e t s by S e c t o r

Year-End Outstandings

Year-End O u t s t a n d i n g s
1973

1974

1975

1976

1977

1978

1979

1980

1
2
3
4
5
6

3907,,157
1610,,115
428, 138
597, 266
1231,,514
40,,124

4579,,791
1846,,295
474,,955
687,,699
1521 ,038
49,,804

4981,,522
1999,,707
533,,762
741,,703
1651,,681
54,,669

5557,,472
2253,,408
614,,730
822,,646
1805,,605
61,,083

6318,,982
2614,,292
677,,313
953;,995
2 0 0 4 ,344
69;,038

7404,,977
3077,,067
798,,038
1136,,511
2311,,049
82,,312

8 4 9 7 ,,562
3505, 641
927, 471
1353,.885
2618,,467
92,,098

9579 ,701 T o t a l h o l d i n g s of t a n g i b l e s
HouseholdsSnonprofit insts.
3874 ,877
Farm b u s i n e s s
1022,,794
Nonfarm noncorp. business
1587,,847
2 9 8 8 ,346
Nonfarm nonfinan. corps.
Financial corporations
105,,837

7
8
9
10
11
12

1157,,661
98,,473
66,,380
143,,735
813,,295
35,,778

1422 ,612
115 ,495
8 2 ,745
172 ,865
1006,,557
44 ,950

1570 ,979
120,,886
90,,914
184 ,819
1124 ,220
5 0 , 140

1709,871
129;,743
101;,589
197;,623
1224 ,508
56,,408

1895
141
114
219
1356
64

,798
,601
,559
,394
,144
,100

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
193
167
336
2010
99

,427 P l a n t and e q u i p m e n t (1)
,848
Nonprofit institutions
,397
Farm b u s i n e s s
Nonfarm noncorp. business
,461
Nonfarm nonfin. corporations
,371
Financial corporations
,350

13
14
15
16
17
18

1109,• 8 9 0
791,,680
,450
19,
29,,703
2 4 6 ,015
23,,042

1262
902
21
33
278
24

,175
,948
,899
,620
,794
,914

1363 ,500
978 ,640
23 ,842
35 ,656
2 9 9 ,525
25,,837

1532,,333
1106,,144
26 ,691
38 ,804
333 ,078
27;,616

1785
1296
30
43
384
30

,154
,125
,820
,801
,099
,309

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
1902
46
59
628
39

,405 R e s i d e n t i a l s t r u c t u r e s (1)
Households:
owner-occupants
,860
Nonprofit institutions
,487
,241
Farm b u s i n e s s
Nonfarm noncorp. business
,290
Nonfarm nonfin. corporations
,527

19
20
21
22

352,,625
65 ,500
27 ,309
259 ,816

423;,315
62 ,400
29 ,600
331 ,315

4 2 8 ,828
64 ,300
27,,281
337 ,247

505
59
29
416

,683
,300
,454
,929

588,,241
73 ,700
32;,724
481 ,817

674,,837
80;,700
34 ,882
559 ,255

739
84
33
620

23

4 7 0 ,500

5 4 4 ,179

5 9 5 ,699

652 ,753

24
25
26
27
28
29

8 1 6 ,481
230 ,012
266 ,555
180 ,207
135 ,361
4 ,346

927 ,510
261 ,774
296 ,190
206 ,440
158 ,252
4 ,854

1022 ,516
2 8 0 ,640
342 ,892
2 3 0 ,078
164 ,377
4 ,529

1199 ,233
338 ,077
4 1 4 ,137
264 ,035
178 ,309
4 ,675

1406
420
459
321
200
4

30
31
32
33
34
35

2576,,546
1152,,182
328 ,553
515;,357
575 • 415
25;,039

2984,,170
1293,,192
368,,707
592,,280
700,,869
29,,122

3238
1394
420
641
751
29

3651, 181
1590, 2 4 7
499,,632
716, 372
813,,543
31, 387

4202, 797
1877,,585
556,,374
837, 209
8 9 7 644
33,,985

,322
,204
,590
,967
,871
,690

463
60
27
375

,282
,200
,910
,172

725 ,497
,850
,249
,653
,048
,962
,938

,312 I n v e n t o r i e s (2)
,500
Farm b u s i n e s s
,996
Nonfarm noncorp. business
,816
Corporations

1019 ,969 C o n s u m e r d u r a b l e s

(Households)

8 2 0 ,462

925 ,294

,485
,845
,802
,276
,891
,671

2 0 3 0 ,925
629 ,554
642 ,502
4 8 6 ,223
2b6 ,922
5 ,724

2336 ,588 Land at m a r k e t value
HouseholdsSnonprofit insts.
711 ,713
Farm b u s i n e s s
711 ,656
Nonfarm noncorp. business
589 ,100
Nonfarm nonfinan. corps.
317 ,632
6 ,487
Financial corporations

4987,,756
2244,,477
656 ,128
1002,,718
1044, 393
40,,040

5737,,184
2566,,976
767,,965
1201,,787
1158,,954
41,,502

6483
2839
850
1420
1326
45

1701
525
540
394
234
5

,619 Total real e s t a t e
,494
HouseholdsSnonprofit insts.
,847
Farm b u s i n e s s
,872
Nonfarm noncorp. business
,605
Nonfarm nonfin. corporations
,801
Financial institutions
( 1 ) At c u r r e n t c o s t .
( 2 ) At y e a r - e n d p r i c e s .

Data are in m i l l i o n s of d o l l a r s .




30
31
32
33
34
35

April 1989
Tangible Asset

Holdings

Tangible

2 Q

Distribution

Year-End

of T a n g i b l e

Assets

Asset Holdings

by S e c t o r

Outstandings

Year-End

1981

1 T o t a l h o l d i n g s of t a n g i b l e s
HouseholdsSnonprofit insts.
2
3
Farm business
4
Nonfarm noncorp. business
5
Nonfarm nonfinan. corps.
6
Financial corporations

1 0 6 0 4 ,805
4 2 5 7 ,978
1026,,435
1 8 3 7 ,819
3 3 6 2 ,500
,073
120 ,

1982

10824
4268
984
1934
3507
129

1983

,605
,701
,568
,297
,837
,
,202

1 1 3 9 5 :,916
4 6 1 4 ,,510
972,,160
2061 ,
,311
3611 ,
,178
136,,757

1984

1 1 9 8 0 ,,012
4 8 9 4 ,,553
8 6 1 , 154
,
2 2 1 9 ,,481
3 8 4 9 ,.783
155,,041

1985

1 2 4 8 3 ,361
5 1 8 7 ,431
7 5 7 ,697
2 3 6 7 ,229
3 9 9 9 ,580
171,,424

1986

1987

Outstandings

1988

1 3 1 6 3 ,206
5 6 2 4 , 153
6 9 2 ,689
2 5 1 0 ,873
4 1 3 7 ,,269
198,,222

1 4 0 7 8 ,534
6 1 2 8 ,236
7 0 3 ,595
2 6 6 2 ,,889
4358,590
2 2 5 ,,224

1 4 9 6 4 ,,839
6 5 3 8 ,,388
741 ,
,557
2 7 6 7 ,,539
4662, 077
2 5 5 ,,278

1
2
3
4
5
6

7 P l a n t and e q u i p m e n t ( 1 )
8
Nonprofit institutions
9
Farm business
10
Nonfarm noncorp. business
Nonfarm nonfin. corporations
11
Financial corporations
12

3 1 7 5 ,,130
2 1 2 ,,434
181 ,
,202
391 ,
,737
2 2 7 7 ,,016
112,,741

3 3 4 8 ,274
2 1 7 ,772
181 ,865
4 2 0 ,209
2 4 0 6 ,,915
121,,513

3 4 5 0 ,406
2 3 3 ,,395
184,,328
4 3 5 ,,059
2 4 6 9 ,,044
128,,580

3 6 3 0 ,,176
2 4 6 ,,302
183,,017
4 5 5 ,,239
2 5 9 9 ,,950
145,,668

3771 ,
,680
2 5 4 ,,353
175,,723
4 7 5 ,,690
2 7 0 4 ,,974
160,,940

3 9 1 7 ,,437
2 6 3 ,,781
168,,731
4 9 2 ,,734
2 8 0 5 ,,786
186,,405

4 1 0 0 ,,560
278 =
,694
165, 0 4 0
5 1 6 ,,376
,746
2928 ,
2 1 1 ,,704

4 3 6 7 ,,443
2 9 0 ,,421
162,,368
5 4 5 ,,286
3 1 2 9 , 175
2 4 0 ,,193

7
8
9
10
11
12

13 R e s i d e n t i a l s t r u c t u r e s C I )
14
Households:
owner-occupants
15
Nonprofit institutions
16
Farm business
17
Nonfarm noncorp. business
18
Nonfarm nonfin. corporations

2 9 2 8 ,,454
2 0 6 2 ,,051
50,,956
6 3 ,118
710,,350
41,,979

2 8 9 3 ,937
2 0 1 7 :,467
50:,559
61 ,872
7 2 2 ,790
41:,249

3 1 1 2 ,,749
2 1 8 7 ,,547
53,,263
63,,752
765,,267
42,,920

3 3 0 8 ,,357
2 3 1 6 ,,297
5 6 ,,649
65,,618
8 2 4 ,,875
4 4 ,,918

3 4 8 2 ,,951
2 4 3 6 ,,413
5 9 ,,431
65,,960
8 7 4 ,,619
4 6 ,,528

3 6 8 6 ,,055
2 6 0 2 ,,423
61 :
,689
65:,748
908:,469
47:,726

3 9 9 0 ,,496
2 8 3 5 ,,960
65,,981
67,,485
970,,661
50,,409

4181 ,
,737
2 9 9 9 ,,617
67,,667
67,,825
995,,395
51,,233

13
14
15
16
17
18

788,,988
8 1 ,,554
33,,496
673,,938

771 ,459
79 ,248
33:,120
6 5 9 ,091

787,,190
79,,365
33,,617
674,,208

8 5 8 ,166
8 0 ,,860
36,,407
7 4 0 ,,899

8 6 3 ,,542
71,.478
38,,842
7 5 3 ,,222

8 6 3 ,123
66 ,181
40:,000
7 5 6 ,942

9 4 1 ,533
6 8 ,777
44,,864
8 2 7 ,892

1035,,565
8 1 , 177
4 9 ,436
904:,952

19
20
21
22

19
20
21
22

Inventories C2)
Farm business
Nonfarm noncorp.
Corporations

business

1096,,474

1141 ,689

1206,,882

1 2 8 5 ,,977

1 3 9 7 ,,669

1534:,836

1684,,079

1846:,222 2 3

2 4 L a n d at m a r k e t v a l u e
25
Households&nonprofit insts.
26
Farm business
Nonfarm noncorp. business
27
28
Nonfarm nonfinan. corps.
29
Financial corporations

2 6 1 5 ,,759
8 3 6 ,063
700,,561
702,,236
369,,567
,332
7,

2 6 6 9 :,246
8 4 1 ,214
661 ,583
758,178
400:,582
7 ,689

2 8 3 8 ,,689
933,,423
644,,715
8 2 7 ,,368
4 2 5 ,•006
8 ,,177

2 8 9 7 ,,336
9 8 9 ,,328
531 ,
,659
9 0 2 ,,960
4 6 4 ,,016
9,,373

2 9 6 7 ,,519
1 0 3 9 ,,565
4 4 4 ,,536
9 7 8 ,.078
4 9 4 ,,856
10,• 4 8 4

3161
1161
392
1069
526
11

,866
3361 ,
1263,,522
4 0 2 ,,293
1130,,988
5 5 1 ,,543
13,,520

3533:,872
1 3 3 4 ,461
430:, 187
1177:,422
5 7 6 ,717
15 ,085

24
25
26
27
28
29

30 T o t a l real estate
31
Households&nonprofit insts.
32
Farm business
33
Nonfarm noncorp. business
34
Nonfarm nonfin. corporations
35
Financial institutions

7 2 0 6 • 731
3 1 4 3 ,898
8 5 1 ,654
1655:,019
1 5 0 5 ,697
50:,463

7301
3107
812
1744
1585
51

,023
,437
,210
,349
,403
,624

7 7 4 9 ,,663
3 3 8 6 ,,228
801 ,
,836
1867,,172
1639,,527
54,,900

8 1 0 7 ,,449
3 5 8 5 ,,324
693,,732
2 0 1 9 ,,341
1 7 4 7 ,,608
,444
61 ,

8 4 2 5 ,618
3 7 6 4 ,,453
6 0 6 ,773
,790
2161 ,
1 8 2 3 ,874
68,,728

8 8 8 5 ,,219
4 0 6 1 ,,631
5 5 4 ,,032
2301 ,
,809
1890,,279
77,,468

9 9 4 3 ,807
4 6 5 8 ,424
5 9 3 ,845
2 5 3 3 ,621
2 0 5 9 ,029
98,,888

30
31
32
33
34
35

23 Consumer

C I ) At
( 2 ) At
Data

durables

(Households)

current cost.
year-end prices.

are

in m i l l i o n s




of

dollars.

,755
,424
,029
,670
,815
,817

9489
4413
567
2445
1973
88

,396
,834
,203
,898
,828
,633

April 1989
Households

Households
S e c t o r B a l a n c e Sheet w i t h T a n g i b l e A s s e t s at C u r r e n t C o s t

2 1

Year-End O u t s t a n d i n g s
1949

Year-End Outstandings
1950

1951

1952

1953

1954

1955

1956

H o u s e h o l d s , P e r s o n a l T r u s t s , and N o n p r o f i t O r g a n i z a t i o n s
1

2 5 8 ,429

305,,993

346 ,847

373 ,694

397 ,837

4 2 2 ,088

2
3
4
5
6
7

232
134
129
4
11
86

,427
.570
,997
,573
,291
,566

275,,981
154,,835
150,,019
4,
,816
,957
12,
108,,189

312
173
168
5
14
124

337
187
182
5
15
133

358
199
194
5
16
142

379
214
209
5
17
147

26 ,002
23 ,399
2 ,603

30,,012
27,,003
3,
,009

8
9
10

,998
,777
,748
,029
,806
,415

,106
,327
,250
,077
.790
,989

,709
,234
,135
,099
,502
,973

33 ,849
30 ,375
3 ,474

36 ,588
32 ,805
3 ,783

39 ,128
34 ,944
4 ,184

4 6 0 ,448

5 0 4 ,056 T a n g i b l e a s s e t s

1

413
236
231
5
19
157

,328
,374
,005
,369
,639
,315

4 4 7 ,763
2 5 3 ,796
2 4 8 ,279
5 ,517
22,,090
171 ,877

2
3
4
5
6
7

4 2 ,606
37 ,734
4 ,872

47 ,120
41 ,581
5 ,539

56,,293
4 9 ,656
6,
,637

,482
,825
,632
,193
,577
,080

11

658 ,917

725,,576

785 ,695

8 2 5 ,459

8 4 1 ,307

939 ,298

1031,,276

12
13
14
15
16

2 1 8 ,767
53 ,738
64 ,629

224,,167
56 ,145
67,,079

2 3 3 ,916
60 ,299
71 ,896

248,,295
62,,349
79,,646

261 ,413
63 ,472
8 7 ,899

2 7 2 ,862
65 ,218
97 ,155

291 ,521
66,,115
105,,876

17
18
19
20
21

100 ,294
67,,759
49,,300
18 ,300
159

22
23
24
25

8,,643
6,
,824
16,
,863
205

26
27
28

106

110

Reproducible assets
Residential structures
Owner-occupied housing
Nonprofit institutions
N o n p r o f i t plant 8 e q u i p .
Consumer durables
Land
Owner-occupied
Nonprofit institutions

1096,,199 Total f i n a n c i a l a s s e t s
309,,631
67,,751
115,,452

D e p o s i t s 8 cr. m k t . i n s t r .
Checkable deposits 8 curr.
S m a l l time 8 s a v i n g s dep.
M o n e y m a r k e t fund s h a r e s
L a r g e time d e p o s i t s

8
9
10
11
12
13
14
15
16

122

151

111

39

-34

-158

101,,599
66,,252
49,,081
16,
,860
311

106,,149
68,,081
49,,173
18,
,650
258

109 ,931
68 ,592
49 ,371
19,
,126
95

n o ,,450
66 ,297
4 9 ,966
16,
,230
101

119,,564
69,,742
50,,229
18,
,901
612

126,,586
71 ,
,972
50,,135
20,•741
,096
1,

9, 191
6,
-764
17,,531
288

9,
,529
6,
,973
18 ,425
420

11,,543
6,
,970
19,
,089
466

,373
13,
7 ,031
20,,081
854

15,
,895
6,
,162
21,,214
882

19,
,347
6,
,872
22,,476
1,
,127

21,,499
7, 8 4 6
24,.059
1,
.210

Tax-exempt obligations
C o r p o r a t e 8 fgn. b o n d s
Mortgages
O p e n - m a r k e t paper

22
23
24
25

109,,445
,070
3,
106,,375

133,,663
3,
,344
130,,319

156,,293
3, 481
152,,812

170,,429
3,
,931
166,,498

162,,414
4,
,146
158 ,268

235,,019
6,
,109
228,,910

286,,293
7,
,838
278,,455

305,.087
9,
.046
296,.041

Corporate equities
M u t u a l fund s h a r e s
Other corporate equities

26
27
28

29
30

52,,104
,051
21 ,

55,,049
24, 2 5 4

57,,777
27,,820

60,,665
32, 5 9 5

63,,647
37,,479

66,,349
4 2 ,654

69, 2 5 4
50,,546

72,.724
56,.590

Life insurance reserves
P e n s i o n fund r e s e r v e s

29
30

31

248,,491

278, 780

299,,720

302,,758

305,,037

310,,448

321,,350

339,.552

E q u i t y in n o n c o r p . b u s i n e s s

31

971
8, 6 9 2

893
9,
,276

714
10,,003

708
10,
,609

,020
1,
10,
,946

899
11,,413

882
11,.733

Security credit
Miscellaneous assets

32
33

1031, 5 6 9

1132,-542

1199,.153

1239,,144

1361,,386

1491,,724

32
33
34

702
8,, 357
917,,346

100,,833
67,,059
49,. 5 5 2
•
17, 353
154

Credit market instruments
U.S. govt. securities
Savings bonds
Other T r e a s u r y i s s u e s
Agency issues

1600, 2 5 5 T o t a l a s s e t s

17
18
19
20
21

34

35

62,,555

75,,656

84, 5 4 4

96, 932

110,,104

122,,298

143,.002

159, 2 7 7 T o t a l l i a b i l i t i e s

35

36
37
38
39
40
41

58,,948
35,,284
,515
1,

71, 179
41, 998
978

80,-031
48, 6 2 2
2,-490

92,.068
54, 8 3 4
2,.953

104,• 606
62,,458
3,
,442

115,,528
71,,144
4,.034

135,.323
83,.305
4,.624

151, 305
94, 5 3 8
5, 2 9 9

12, 2 3 2
.
7, 156

15, 5 0 3
8, 4 6 2

16,.220
9,.149

20, 4 7 0
10, 073

24,.254
10,.382

24, 8 9 1
.095
11,

30, 2 6 9
12, 706

33, 171
13, 4 3 4

36
37
38
39
40
41

42
43

380
2,.381

667
2, 571

785
2,.765

836
2,,902

940
.130
5,

989
3,
.375

814
3,.605

971
3, 8 9 2

44
45

,819
1,
884

2, 5 1 9
951

2, 393
.034
1,

2, 5 6 9
1,
.133

3,
.032
.212
1,

4,.131
1, 2 9 8

4, 8 1 6
.381
1,

4, 773
1, 5 3 0

46

904

1, 007

.086
1,

.162
1,

,254
1,

.341
1,

.482
1,

1, 669

47

8 5 4 , 791

955, 913

1047,.998

1102, 221

1129, 0 4 0

1239,.088

1348, 722

48

153, 396

177, 0 2 2

199, 123

215, 055

229,.079

247,.366

272, 586

49

23.0%

23 .7%

24.4%

25.4%

25r . 2 %

28.7%

30.5%

50

17, 646

19, 724

22, 026

23, 2 0 5

24,.129

25,.815

51

37, 4 2 4

4 0 , 156

41, 8 6 7

4 2 , 178

43,.110

43,.428

Credit market instruments
Home mortgages
Other mortgages
T a x - e x e m p t debt
I n s t a l l m e n t cons. c r e d i t
O t h e r c o n s u m e r credit
B a n k loans n . e . c .
O t h e r loans
Security credit
T r a d e credit
D e f e r r e d and unpaid life
insurance premiums

1440- 978 Net w o r t h

42
43
44
45
46
47

Memo:

Data are in m i l l i o n s of d o l l a r s .




2 9 7 , 935 T o t a l o w n e r - o c c . real e s t a t e
H o m e m o r t g a g e s as percent of
31 .7%
o w n e r - o c c . real e s t a t e

48

28, 4 9 8

31, 917 T o t a l n o n p r o f i t r e a l e s t a t e

50

45, 148

I n v e n t o r i e s of n o n d u r a b l e g o o d s ,
47, 431
not i n c l u d e d in t o t a l s a b o v e

51

49

A p r i l 1989
Households
2 2

Households
S e c t o r B a l a n c e S h e e t with T a n g i b l e A s s e t s at C u r r e n t C o s t

Year-End Outstandings

Year-End Outstandings

1957

1958

1959

1960

1961

1962

1963

1964

H o u s e h o l d s , P e r s o n a l T r u s t s , and N o n p r o f i t O r g a n i z a t i o n s
1 Tangible assets
2
3
4
5
6
7
8
9
10

Reproducible assets
Residential structures
Owner-occupied housing
Nonprofit institutions
N o n p r o f i t plant 8 e q u i p .
Consumer durables
Land
Owner-occupied
Nonprofit institutions

11 T o t a l f i n a n c i a l a s s e t s
12
13
14
15
16
17
18
19
20
21

D e p o s i t s 8 cr. m k t . i n s t r .
Checkable deposits 8 curr.
S m a l l time 8 s a v i n g s dep.
M o n e y m a r k e t fund s h a r e s
L a r g e time d e p o s i t s
Credit market instruments
U.S. g o v t . s e c u r i t i e s
S a v i n g s bonds
Other Treasury issues
Agency issues

5 2 6 ,747

551 ,987

581 ,117

611 ,811

6 3 3 ,963

659 ,496

684 ,885

727 ,082

1

466
266
261
5
23
176

,813
,961
,335
,626
,677
,175

4 8 8 ,188
281 ,197
275 ,396
5 ,801
25 ,029
181 ,962

5 1 3 ,128
2 9 7 ,525
291 ,490
6 ,035
2 6 ,594
189 ,009

5 3 3 ,708
311 ,904
305 ,663
6 ,241
2 8 ,148
193 ,656

551 ,749
324 ,568
3 1 8 ,004
6 ,564
30 ,386
196 ,795

5 7 3 ,466
338 ,117
330 ,988
7 ,129
33 ,032
2 0 2 ,317

595 ,972
347 ,397
339 ,884
7 ,513
35 ,774
2 1 2 ,801

632 ,338
369 ,896
361 ,593
8 ,303
38 ,729
2 2 3 ,713

2
3
4
5
6
7

5 9 ,934
5 2 ,267
7 ,667

63 ,799
55 ,079
8 ,720

67 ,989
5 8 ,298
9 ,691

78 ,103
67 ,246
10 ,857

8 2 ,214
69 ,961
12 ,253

8 6 ,030
72 ,817
13 ,213

8 8 ,913
74 ,774
14 ,139

94 ,744
8
79 ,550
9
15 ,194 10

1096 ,537

1248 ,095

1322 ,977

1356 ,224

1509 ,259

1494 ,913

1634 ,268

1760 ,763 11

367 ,607
71 ,641
153 ,087

389 ,256
73 ,331
164 ,835

4 1 0 ,269
71 ,991
182 ,946

4 3 8 ,596
71 ,387
2 0 8 ,681

4 7 2 ,090
75 ,956
2 3 4 ,216

510 ,532 12
8 1 ,284 13
2 5 9 ,762 14
15
1 ,779 16

326 ,015
66 ,600
127 ,498
-239

342 , 762
68 ,792
141 ,577
-440

132 ,156
73 ,160
4 8 ,226
23 . 153
1,
,781

132 ,833
69 ,435
4 7 ,703
2 0 ,512
1 , 220
24 ,003
9 ,673
2 8 ,562
,
1, 160

-508

-143

48

,387
,949
,907
,094
,948

151 ,233
74 ,100
45 ,642
26 ,159
,299
2,

155 ,284
73 ,910
4 6 ,445
25,,400
,065
2,

158 ,098
75 ,530
46 • 968
26,,872
,690
1,

160 ,769
74 ? 929
4 8 .149
2 5 ,654
1 ,126

167 ,707
77 ,385
49 ,060
26 ,674
1 ,651

17
18
19
20
21

2 8 ,187
10,
,238
30 ,659
354

30,,802
10,
,899
33,,426
2,,006

32,,008
10,,512
36,,662
2,,192

31,,496
9,
,514
38,,766
2,,792

31 ,986
,
9 ,541
4 0 ,250
4,
,063

34 ,627
9 ,037
41 ,747
4 ,911

22
23
24
25

143
73
45
25
2

430

1 ,149

22
23
24
25

Tax-exempt obligations
C o r p o r a t e 8 fgn. b o n d s
Mortgages
O p e n - m a r k e t paper

2 3 ,190
8 ,494
2 5 ,997
,315
1,

26
27
28

Corporate equities
M u t u a l fund s h a r e s
Other corporate equities

267,,382
8,,714
258, 668

373,,311
13,
,241
360,,070

401,,991
,818
15,
386,,173

395, 4 5 7
17,.026
378,,431

500, 8 0 3
22, 8 7 5
477, 928

437,,092
20,,909
416,,183

513,,512
24,,818
483,,694

5 6 4 ,137 26
28 ,447 27
535,,690 28

29
30

Life insurance reserves
P e n s i o n fund r e s e r v e s

75 4 6 2
62,,678

78,,535
72,,716

81,,956
82,,410

85, 184
90,,818

8 8 , 631
103,,655

92,,398
109, 638

96,,635
123,,201

101,,051 29
139,,230 30

352,,065

367,,298

375,,203

381,,075

390,.883

401, 662

412, 778

4 2 8 ,434 31

894
12, 041

,156
1,
12,,317

989
12, 8 2 1

1, 137
13, 2 9 7

1, 192
13, 8 2 6

1, 2 2 6
14, 301

1,
.222
14, 8 5 0

.669 32
1,
15,.710 33

1623, 2 8 4

1800, 082

1904, 094

1968, 035

2143, 222

2154, 409

2319, 153

2487, 8 4 5 34

31

E q u i t y in n o n c o r p . b u s i n e s s

32
33

Security credit
Miscellaneous assets

34 T o t a l a s s e t s
35 T o t a l l i a b i l i t i e s

171, 754

184, 6 4 0

207, 4 9 3

2 2 5 , 129

2 4 2 , 999

2 6 4 , 475

2 9 3 , 716

323, 2 6 7 35

36
37
38
39
40
41

163, 8 8 8
103, 419
6, 041

175, 340
112, 8 8 0
6, 8 2 4

197, 787
125, 685
7, 6 0 2

2 1 5 ,> 22 6
137, 348
8, 432

231, 497
149, 541
9, 301

2 5 2 ,8 1 1
163, 301
10, 2 8 8

2 7 9 , 709
179, 8 6 4
11, 2 5 7

35, 443
13, 8 0 1

35, 339
14, 186

4 1 , 123
16, 119

4 5 , 051
16, 2 2 2

4 6 , 027
17, 4 3 4

5 0 , 994
18, 368

57,829
20, 069

309, 040 36
197, 315 37
12, 2 5 8 38
39
65, 5 7 2 40
21, 8 0 8 41

829
4, 355

1. 2 9 0
4, 8 2 1

1, 8 2 5
5, 4 3 3

1, 921
6, 2 5 2

2, 2 1 7
6, 9 7 7

2, 116
7, 744

2, 283
8, 407

2, 932 42
9, 155 4 3

4 , 365
1, 658

5, 5 2 2
1,8 0 9

5 , 536
1, 983

5 , 398
2 , 126

6, 736
2, 254

6, 610
2 , 387

8, 567
2,587

8, 362 4 4
2, 8 2 6 45

1,8 4 3

1, 969

2 , 187

2 , 379

2, 512

2 , 667

2,853

3, 039 46

1451, 5 3 0

1615, 4 4 2

1696, 601

1742, 906

1900, 223

1889, 934

2025,437

2164, 578 47

3 1 3 , 602

330, 4 7 5

3 4 9 , 788

3 7 2 , 909

3 8 7 , 965

403,805

4 1 4 , 658

4 4 1 , 143 48

32 .9%

34i . U

35 .9%

36 .8%

381.5%

401.4%

43 .3%

44>.7% 49

34, 396

36, 755

39, 2 9 3

42, 055

4 5 ,8 3 9

4 9 ,8 2 2

5 3 , 668

58, 2 1 7 50

48,467

4 9 , 031

51,268

5 3 , 054

54,275

56, 692

5 8 , 990

62, 654 51

42
43
44
45
46

Credit market instruments
Home mortgages
Other mortgages
T a x - e x e m p t debt
I n s t a l l m e n t cons. c r e d i t
Other consumer credit
Bank l o a n s n . e . c .
Other loans
Security credit
Trade credit
D e f e r r e d and unpaid life
insurance premiums

4 7 Net w o r t h
Memo:
4 8 T o t a l o w n e r - o c c . real e s t a t e
H o m e m o r t g a g e s as p e r c e n t of
49
o w n e r - o c c . real estate
5 0 T o t a l n o n p r o f i t real e s t a t e
51

I n v e n t o r i e s of n o n d u r a b l e g o o d s ,
not i n c l u d e d in t o t a l s above

D a t a are in m i l l i o n s of d o l l a r s .




A p r i l 1989
Households

Households
Sector

Year-End

Balance

Sheet

with

Tangible

Assets

at C u r r e n t

1 3

Cost

Outstandings

Year-End

1965

1966

1967
Households,

1968
Personal

Trusts,

1969
and

1970

Nonprofit

1971

1972

Organizations

1

766, 263

844, 294

899,889

1002, 422

1096, 434

1167, 540

1278, 091

1 4 1 1 , 761

2
3
4
5
6
7

666,696
387,8 5 3
3 7 8 ,8 1 9
9, 0 3 4
4 2 , 782
2 3 6 , 061

7 2 4 , 631
418, 458
408, 411
10, 0 4 7
47, 686
258, 487

774,791
440, 261
429, 580
10, 681
51 , 3 2 0
283, 210

8 6 4 , 190
4 9 2 , 374
480, 332
12, 0 4 2
57, 599
314, 217

9 4 6 , 103
537, 610
524, 443
1 3 , 167
64, 763
343, 730

1009, 750
565, 594
5 5 1 ,8 7 4
13, 720
71, 722
372, 434

1103, 707
629, 273
614, 337
14, 936
8 0 , 703
3 9 3 , 731

1217, 683
7 0 4 ,2 1 7
687, 415
16,8 0 2
8 8 , 782
424, 684

8
9
10

99, 567
83, 340
16, 2 2 7

119, 663
102, 103
17, 5 6 0

125, 098
107, 395
17, 703

138, 232
120, 083
18, 149

150, 331
1 3 1 , 111
19, 220

157, 790
137, 968
19,8 2 2

174, 384
153, 584
20,800

194, 078
171 ,8 5 4
22, 224

11

1915, 858

1935, 623

2177,835

2 4 3 1 ,8 7 6

2405, 415

2486,857

2750,862

790, 912
1 1 8 , 185
4 1 0 , 738

8 6 1 , 757
130, 378
4 78,497

587, 137
91 , 1 3 0
305, 172

637, 052
101, 013
339, 729

693, 724
111, 930
366, 313

738, 557
109, 368
380, 693

Tangible

945, 289
142, 379
547, 627

550, 452
8 8 , 744
287, 032
2, 436

3, 4 4 9

4, 085

8 , 411

3 , 141

14, 982

13, 195

1 6 , 101

17
18
19
20
21

172, 2 4 0
78, 8 7 5
49, 695
26, 828
2, 3 5 2

187, 386
85, 624
50, 249
28, 883
6, 4 9 2

192, 225
85, 835
51 ,2 1 9
28, 485
6, 131

207, 070
91 , 0 1 0
5 1 ,8 6 6
32, 582
6, 5 6 2

245, 355
107, 369
5 1 ,7 7 0
43, 770
11 ,8 2 9

247, 007
102, 078
52, 089
3 2 , 081
17,.908

2 3 9 , 68 7
90, 599
54, 416
2 2 , 147
14, 0 3 6

38, 118
14, 5 5 8
45, 989
7,,725

37, 5 7 7
19, 8 8 7
48, 448
10- 1 4 8

4 0 ,• 4 4 3
,301
10 ,
4 4 ,.191
6 • 827
!

4 6 ,.871
2 4 ,• 9 4 4
5 0 ,• 6 6 9
15,,502

4 6 ,.019
35,.614
51, 543
11,,753

4 6 , 116
45, 979
4 8 ,.873
8 ,, 1 2 0

1

Land
O w n e r - o c c u p i ed
Nonprofit institutions
financial

assets

2
3
4
5
6
7
8
9
10
11

Deposits & cr. mkt. instr.
Checkable deposits & curr.
Small time & savings dep.
M o n e y m a r k e t fund s h a r e s
Large time deposits

2 3 9 , 182
8 7 , 921
57, 667
20, 477
9, 7 7 7

36, 4 1 2
8: 9 7 9
42,, 186
•
5 ! 788

assets

Reproducible assets
Residential structures
Owner-occupied housing
Nonprofit institutions
Nonprofit plant & equip.
Consumer durables

3049, 292 Total

12
13
14
15
16

23
24
25

Outstandings

Credit market instruments
U.S. govt. securities
Savings bonds
Other Treasury issues
Agency issues

12
13
14
15
16
17
18
19
20
21

48, 373
• 4 9 .512
,
4 9 ,,825
3,,551

Tax-exempt obligations
C o r p o r a t e S fgn. bonds
Mortgages
Open-market paper

22
23
24
25

26
27
28

6 3 4 ,903
34 ,410
6 0 0 ,493

,770
574 ,
33,,850
540 ,
,920

719, 291
4 2 ,,972
6 7 6 ,,319

856 467
4 9 ,,529
8 0 6 ,,938

7 4 4 ,688
45,,577
699,,111

727,,152
4 4 ,500
6 8 2 ,652

830, 966
5 3 ,.006
777,,960

9 1 8 ,,369
56,,383
8 6 1 ,986

Corporate equities
M u t u a l fund shares
Other corporate equities

26
27
28

29
30

105 ,876
155 ,494

1 1 0 ,570
165 ,127

115,,535
187,,312

120,,324
2 0 9 ,,055

125 ,362
2 1 9 ,770

1 3 0 ,703
2 4 0 ,819

137,,055
2 7 7 ,,895

143 ,930
3 3 1 ,312

Life insurance reserves
P e n s i o n fund r e s e r v e s

29
30

31

4 4 9 ,617

4 7 7 ,090

4 9 3 ,854

5 2 3 ,622

5 4 8 ,054

5 6 6 ,570

609,,652

6 7 4 ,051

Equity

31

32
33

2 ,533
16 ,983

2 ,730
18 , 1 9 9

4 ,943
19 ,848

7 ,039
2 1 ,645

5 ,221
2 3 ,763

4 ,354
2 6 ,347

4 ,886
2 8 ,651

5 ,022
31 ,319

34

2 6 8 2 ,121

2 7 7 9 ,917

3 0 7 7 ,724

3 4 3 4 ,298

3501 ,849

3 6 5 4 ,397

4 0 2 8 ,953

in

noncorp.

business

32
33

Security credit
Miscellaneous assets

4 4 6 1 ,053 T o t a l

assets

34

liabilities

35

35

3 5 4 ,165

377 ,983

4 0 3 ,077

4 3 8 ,980

4 7 0 ,266

4 9 2 ,640

5 4 1 ,434

607 ,784 T o t a l

36
37
38
39
40
41

3 3 8 ,733
2 1 4 ,287
13 ,396

362 , 142
2 2 8 ,453
14 , 5 6 2

382 ,758
2 4 0 ,744
15 , 6 2 6

4 1 4 ,918
2 5 7 ,666
16 ,701

4 4 8 ,643
2 7 6 ,225
17 ,884

4 7 1 ,753
2 9 0 ,047
19 ,042

5 1 6 ,911
3 1 4 ,761
2 0 ,251

5 7 7 ,635
3 5 3 ,027
21 , 5 4 7

73 ,881
2 3 ,628

79 , 3 3 9
24 ,110

8 3 ,148
25 ,448

91 ,681
2 7 ,675

101 ,161
2 8 ,280

105 ,528
2 8 ,489

118 ,255
31 ,4 78

133 ,173
35 ,596

42
43

3 ,571
9 ,970

3 ,737
11 ,941

4 ,530
13 , 2 6 2

5 ,880
15 , 3 1 5

6 ,794
18 ,299

7 ,747
2 0 ,900

9 ,893
2 2 ,273

10 , 6 8 4
2 3 ,608

Bank loans n.e.c.
Other loans

44
45

9 ,098
3 ,031

9 ,025
3 ,157

12 , 7 0 9
3 ,663

15 , 6 2 7
4 ,133

12 ,225
4 ,710

10 ,445
5 ,324

13 ,109
5 ,978

17 ,537
6 ,636

46

3 ,303

3 ,659

3 ,947

4 ,302

4 ,688

5 ,118

5 ,436

5 ,976

Security credit
Trade credit
D e f e r r e d and u n p a i d
insurance premiums

47

2 3 2 7 ,956

2401 ,934

2 6 7 4 ,647

2 9 9 5 ,318

3 0 3 1 ,583

3 1 6 1 ,757

3 4 8 7 ,519

510 ,514

5 3 6 ,975

600 ,415

6 5 5 ,554

689 ,842

7 6 7 ,921

Credit market instruments
Home mortgages
Other mortgages
Tax-exempt debt
Installment cons, credit
Other consumer credit

3 8 5 3 ,269 N e t

36
37
38
39
40
41
42
43
44
45

life
46

47

worth

Memo:
48

4 6 2 , 159

8 5 9 ,269 T o t a l o w n e r - o c c . r e a l e s t a t e
H o m e m o r t g a g e s a s p e r c e n t of
owner-occ. real estate
41.0%

48

50

49

46.3%

44.7%

44.8%

42.9%

42.1%

4 2.0%

40.9%

50

63 ,747

70 , 6 0 2

74 , 6 3 9

8 2 ,395

91 , 3 8 0

9 9 ,109

109 ,936

120 ,953 T o t a l

100 ,890

I n v e n t o r i e s of n o n d u r a b l e g o o d s ,
n o t i n c l u d e d in t o t a l s a b o v e
108 ,952

67 ,463

51
Data

are

in m i l l i o n s




73 , 9 1 8
of

dollars.

79 , 139

8 6 ,692

92 ,994

96 ,649

nonprofit

real

estate

49

51

A p r i l 1989
Households

Households
S e c t o r B a l a n c e S h e e t with T a n g i b l e A s s e t s at C u r r e n t C o s t

14

Year-End Outstandings

Year-End Outstandings
1973

1974

1975

1976

1977

1978

1979

1980

H o u s e h o l d s . P e r s o n a l T r u s t s , and N o n p r o f i t O r g a n i z a t i o n s

1610, 115

1 Tangible assets
2
3
4
5
6
7
8
9
10

R e p r o d u c i b l e assets
Residential structures
O w n e r - o c c u p i e d housing
Nonprofit institutions
N o n p r o f i t plant 8 e q u i p .
Consumer durables
Land
Owner-occupied
Nonprofit institutions

11 T o t a l f i n a n c i a l a s s e t s
12
13
14
15
16
17
18
19
20
21

D e p o s i t s 8 cr. m k t . instr.
C h e c k a b l e d e p o s i t s 8 curr.
S m a l l time 8 s a v i n g s dep.
M o n e y m a r k e t fund s h a r e s
L a r g e time d e p o s i t s
Credit market instruments
U.S. g o v t , s e c u r i t i e s
S a v i n g s bonds
Other T r e a s u r y i s s u e s
A g e n c y issues

1846, 2 9 5

1999, 707

2253, 408

2614, 292

3 0 7 7 , 067

3 5 0 5 , 641

3874, 8 7 7

1

1380, 103
8 1 1 , 130
791, 680
19, 4 5 0
98, 473
4 7 0 , 500

1584, 521
924, 8 4 7
902, 948
21,899
115, 4 9 5
5 4 4 , 179

1719, 067
1002, 4 8 2
978, 640
23,842
120, 8 8 6
5 9 5 , 699

1915, 331
1132, 8 3 5
1106, 144
2 6 , 691
129, 743
6 5 2 , 753

2 1 9 4 , 043
1326, 945
1296, 125
30, 8 2 0
141, 601
725, 4 9 7

2551, 222
1563, 035
1527, 137
35, 8 9 8
167, 725
820, 462

2 8 7 6 , 087
1775, 372
1734, 013
4 1 , 359
175, 421
925, 2 9 4

3163, 164
1949, 347
1902, 8 6 0
4 6, 4 8 7
193, 8 4 8
1019, 969

2
3
4
5
6
7

2 3 0 , 012
205,837
2 4 , 175

2 6 1 , 774
234, 766
27, 008

2 8 0 , 640
254, 446
2 6 , 194

3 3 8 , 077
3 0 9 , 720
2 8 , 357

420, 249
388, 8 3 7
31, 4 1 2

525,845
4 8 8 , 684
37, 161

629, 5 5 4
5 8 9 , 564
39, 990

3 0 8 6 , 299

3081, 5 1 9

3527, 8 7 5

3987, 267

4322, 539

4863, 296

5 6 2 5 , 162

6548, 366 11

1042, 303
151, 031
5 8 7 , 155
38, 302

1145,,613
157, 002
624, 385
2, 379
55, 491

1251, 2 9 2
162, 4 9 8
721, 008
3, 696
36, 148

1384, 901
176, 2 3 4
8 3 7 , 196
3, 686
2 5 , 610

1539, 8 4 2
192, 516
932,,686
,443
3,
34,,115

1715, 955
217, 533
998, 397
9, 436
64, 2 1 4

1937, 8 0 8
250,,114
1058,,176
40,,032
72,,126

2130, 362
260, 672
1140, 680
64, 8 7 8
111, 516

12
13
14
15
16

265, 815
101, 785
60, 354
30, 8 9 2
10, 539

306,,356
115, 638
63,,338
37,,679
14,,621

327, 9 4 2
131, 720
67, 363
54, 253
10, 104

342, 175
134, 596
72, 018
52, 935
9, 643

377,,082
149,,049
76,,762
63,,558
8,,729

4 2 6 , 375
175, 2 4 0
8 0 , 691
79, 180
15, 369

517,,360
238,,066
79, 8 7 6
122,,903
35,,287

552, 616
259, 107
72, 528
146, 373
40,,206

17
18
19
20
21

61,,860
58,,790
52,,138
,930
17,

68, 061
67, 140
55,,301
5,,720

69, 2 9 9
78,,264
59, 696
320

67,,566
79,,385
6 6 ,534
i
14,,548

80,.553
72,.308
89,,426
37,,007

86,,913
59,,302
106,,981
40,,313

22
23
24
25

53,,658
51,.196
48,,838
10,• 338

70,, 182
75, 469
75, 957
29,• 5 2 7

8
711, 713
9
666, 001
45, 712 10

22
23
24
25

Tax-exempt obligations
C o r p o r a t e 8 fgn. b o n d s
Mortgages
O p e n - m a r k e t paper

26
27
28

Corporate equities
M u t u a l fund s h a r e s
Other c o r p o r a t e e q u i t i e s

707,,256
43,,695
663!,561

,676
491 ,
31 ,
,812
4 5 9 ,864

637,.360
38,,749
598,,611

754,-315
41,.436
712,,879

708,,824
40,,354
668,,470

704,,952
41 ,
,079
663,,873

856,,953
44,,797
8 1 2 , 156

29
30

Life insurance reserves
P e n s i o n fund r e s e r v e s

,278
151 ,
337 ,982

158 ,399
345 ,327

166,,483
444,,059

175 ,268
507,,488

184 ,802
5 6 0 ,329

195,,992
,515
661 ,

2 0 6 ,692
767 ,072

216,,427 29
916,,065 30

31

E q u i t y in n o n c o r p . b u s i n e s s

8 0 8 ,490

8 9 9 ,811

983 ,661

1113 ,561

1270 ,060

1516 ,817

1779 ,550

2033,,518 31

32
33

S e c u r i t y credit
Miscellaneous assets

3 ,891
36 ,802

4 ,468
40 ,552

5 ,730
46 ,004

5 ,739
5 2 ,943

8 ,521
5 9 ,544

10 ,354
66 ,733

,236 32
16,
,374 33
72,

4 6 9 6 ,414

4 9 2 7 ,814

5 5 2 7 ,582

6 2 4 0 ,675

6936 ,831

7 9 4 0 ,363

9130 ,803

10423 ,243 34

6 8 0 ,419

730 ,703

779 ,621

8 7 3 ,860

1014 ,303

1182 ,930

1358 ,213

1488 ,745 35

653,597
396 ,811
2 2 ,640
400
155 ,108
38 ,378

703 ,972
431 ,433
23 ,736
1 ,300
164 ,594
37 ,885

750
469
24
2
168
38

,474
,185
,730
,100
,669
,483

1138 ,333
727 ,675
2 8 ,056
10 ,700
2 6 4 ,712
47 ,570

1310 ,391
8 4 6 ,880
29 ,559
13 ,600
300,313
52 ,448

1430 , 156
942 ,376
31 ,486
16 ,700
302 ,062
53 ,329

14 ,086
26 ,174

15 ,640
29 ,384

14 ,139
31 ,544

14 ,868
33 ,386

17 ,591
35 ,716

2 0 ,096
39 ,524

21 ,673
4 5 ,918

29 ,469 42
54 ,734 43

13 ,193
7 ,253

11 ,387
8 ,258

12 ,113
9 ,356

16 ,511
10 ,526

18 ,861
11 ,684

21 ,047
13 ,201

21 ,254
14 ,876

28 ,492 44
17 ,158 45

6 ,376

7 ,086

7 ,744

8 ,375

9 ,284

10 ,349

11 ,692

12 ,939 46

4 0 1 5 ,995

4 1 9 7 ,111

4 7 4 7 ,961

5 3 6 6 ,815

5 9 2 2 ,528

6 7 5 7 ,433

7772 ,590

8 9 3 4 ,498 47

4 8 Total o w n e r - o c c . real estate
Home m o r t g a g e s as percent of
o w n e r - o c c . real estate
49

997 ,517

1137 ,714

1233 ,086

1415 ,864

1684 ,962

2 0 1 5 ,821

2 : 2 3 ,577

2568 ,861 48

39.7%

37.9%

38.0%

37.3%

36.7%

36.0%

36.4%

36.6% 49

5 0 Total n o n p r o f i t

134 ,665

155 ,478

161 ,118

174 ,383

192 ,623

2 2 8 ,656

2 4 3 ,399

270 ,633 50

121 ,757

134 ,613

140 ,317

152 ,061

164 ,441

182 ,465

2 0 2 ,314

218 ,426 51

34 T o t a l assets
35 T o t a l l i a b i l i t i e s
36
37
38
39
40
41
42
43
44
45
46

Credit market instruments
Home m o r t g a g e s
Other m o r t g a g e s
T a x - e x e m p t debt
I n s t a l l m e n t cons, credit
Other consumer credit
Bank loans n.e.c.
Other loans
S e c u r i t y credit
T r a d e credit
D e f e r r e d and unpaid life
insurance premiums

4 7 Net w o r t h

4 ,866
34 , 124

,408
,666
,775
,700
,703
,881

838
529
25
4
188
41

,448
,438
,623
,700
,698
,735

974
619
26
8
223
43

1163, 384 26
52,,059 27
,325 28
1111 .

36
37
38
39
40
41

Memo:

51

real estate

I n v e n t o r i e s of n o n d u r a b l e g o o d s ,
not included in t o t a l s above

Data are in m i l l i o n s of d o l l a r s .




April 1989
Households

Households
S e c t o r B a l a n c e S h e e t with T a n g i b l e A s s e t s at C u r r e n t C o s t

2 5

Year-End O u t s t a n d i n g s
1981

Year-End Outstandings
1982

1983

1984

1985

1986

1987

1988

H o u s e h o l d s , P e r s o n a l T r u s t s , and N o n p r o f i t O r g a n i z a t i o n s

1

,978
4257 ,

4 2 6 8 ,701

4 6 1 4 ,510

4894,,553

5 1 8 7 ,431

5 6 2 4 ,153

6128 ,236

6538 ,388 T a n g i b l e a s s e t s

2
3
4
5
6
7

,915
3421 ,
2113,,007
2062!,051
•
50 i 956
212,,434
1096,,474

3427
2068
2017
50
217
1141

3681
2240
2187
53
233
1206

,087
,810
,547
,263
,395
,882

3905 ,
,225
2372,,946
2316,,297
56,,649
246, 302
1285,,977

4147
2495
2436
59
254
1397

,866
,844
,413
,431
,353
,669

4 4 6 2 ,729
2 6 6 4 ,112
2 6 0 2 ,423
61 ,689
263 ,781
1534,836

4 8 6 4 ,714
2901 ,941
2 8 3 5 ,960
65 981
278 ,694
1684,,079

5203
3067
2999
67
290
1846

933,,423
8 7 5 ,019
5 8 ,404

989,,328
926, 519
62,,809

1039 ,565
974 ,565
65,000

1161 ,424
1093 ,018
68 ,406

1263,522
1191 ,103
72,
,419

1334 ,461
1259,,839
74,
,622

8
9
10

836,,063
783, 579
52,,484

,487
,026
,467
,559
,772
,689

841 ,214
786 ,812
54 ,402

,927
,284
,617
,667
,421
,222

11

7035,,572

7569 ,875

8 3 1 1 , 065

8816, 850

9845 ,522

10717 ,048

11204 ,619

12
13
14
15
16

2358,590
293,,619
1188, 185
155,,620
125,,641

2585,238
315 ,831
1322 ,485
189,439
98 ,998

2856 ,043
342,,041
1532.,562
158,,350
74,,027

3236. 937
363, 701
1685, 706
202, 399
129, 045

3540,040
38 7 ,708
1829 ,571
214,510
99 ,390

3745,,461
475 ,619
1945 722
2 4 8 ,730
69,
,375

4017,,883
487,,653
2 0 1 8 ,152
277,,610
83,,964

4331 ,
,131
515,,708
2115,,213
301,,519
108,,525

1006,,015
544,,944
93,
,332
371,830
79,
,782

1150. 504
659,,493
,103
101 ,
418,,020
140,,370

1290, 166
797,,591
109,,556
4 6 6, 350
•
,685
221 ,

249,,742
84,,816
85,.615
70,,838

Land
O w n e r - o c c u p i ed
Nonprofit institutions

270,,264
66 , 140
74 ,
,613
81 ,
,558

12096,,684 T o t a l

595,,525
294,, 127
68,• 190
•
181 , 185
44,,752

658
342
68
227
46

.485
,496
,346
,705
,445

749,,063
393,,843
,485
71 •
286,,743
35,,615

8 5 6 ,• 08 6
480,,652
74 ,515
352, 281
53,,856

1008
551
79
390
81

,861
,934
,777
,657
,500

22
23
24
25

98,,044
55,.932
117,346
30,076

120
53
126
16

,235
,458
,082
,214

157,,799
45,• 393
127,,073
24,,955

183, 198
44 =4 9 8
128, 160
19, 578

223
47
127
58

,202
,566
,504
,655

26
27
28

1104,,063
52,,639
1051 ,
,424

1240 ,141
66 ,696
1173 ,445

1421 , 142
97,,967
1323,,175

1440- 8 2 8
117, 685
1323,. 143

1888 ,308
2 0 3 ,035
1685 ,273

2207,460
356,,824
1850 .636

2106,,821
409,,068
1697,,753

29
30

225,,627
996, 943

232 ,799
1179 ,221

240,,792
1392,,083

245, 994
1531, 983

256 ,711
1801 ,622

2 7 4 ,226
2057,,672

31

2257, 114

2229 ,342

2279, 8 7 3

2 2 3 6 , 995

2 1 9 9 ,725

2 2 3 4 ,587

32
33

14, 729
78,,506

17 ,838
8 5 ,296

20,,557
100,,575

35 ,051
124 ,065

44,,015
153,,627

34

11293, 550

11838 ,576

12925,,575

13711, 403

15032 ,953

16341 ,201

17332,,855

35

1610,,797

1693 ,566

1891 ,
,452

2 1 1 6 , 365

2 4 1 4 ,438

2 7 0 3 ,604

2935..460

3188,,477 T o t a l

36
37
38
39
40
41

1548,,787
1020,.313
33 ,781
21,•100
315,,547
56 ,749

1625
1059
36
29
330
58

1811 ,628
1176,,047
38 • 917
,000
41 ,
374 , 78
,4
63,,174

2038,• 156
1310, 132
41 ,368
51 ,
,171
489
69, 8 1 1

2314
1460
43
81
526
75

2594,,217
1669 .935
46 , 124
79, 142
,
581,336
74 •880

2836,,548
1878,,209
48,,430
78 ,178
623, 628
73,,306

3079,,362
2070,,309
50,,688
79,,085
679,,289
66,,910

42
43

35 •507
65,,790

37 ,882
73 ,238

,503
41 ,
76,,509

36, 742
79, 443

43 ,686
8 3 ,278

54 ,374
8 8 ,426

47 .408
87,,389

43,,206
89,,875

44
45

27,,465
19,
,823

30 ,310
22 ,220

39 ,741
23 ,984

37 •336
25, 765

56 ,779
27 ,974

64 ,979
30 ,523

50,,385
33 ,434

53,,953
36,,712

46

14,
,722

15 ,515

16 ,099

15,,108

15 ,209

13 ,885

15,
,093

18,
,450

47

9682,,753

10145 ,010

11034 ,123

11595,,038

12618 ,515

13637 ,597

14397 ,395

48

2845,,630

2 8 0 4 ,279

3062 ,566

3242,,816

3410 ,978

3695 ,441

4027,,063

49

35.8%

37.7%

38.4%

40.4%

42.8%

45.1%

46.6%

50

298,,268

303 , 158

323 ,662

342,,508

353 ,475

366 ,190

51

235 ,405

246 ,446

263,,379

284,,348

304 ,362

324:,635

,521
,685
,428
,600
,373
,315

21,• 573
102, 5 4 0

,476
,606
,770
,334
,470
,332

financial

assets

D e p o s i t s 8 cr. m k t . instr.
C h e c k a b l e d e p o s i t s 8 curr.
S m a l l time 8 s a v i n g s dep.
M o n e y m a r k e t fund shares
L a r g e time d e p o s i t s

17
18
19
20
21

2 0 6 ,773
8 0 • 140
127 ,074
47,,084

1

Reproducible assets
Residential structures
O w n e r - o c c u p i e d housing
Nonprofit institutions
N o n p r o f i t plant 8 e q u i p .
Consumer durables

Credit market instruments
U.S. govt. s e c u r i t i e s
S a v i n g s bonds
Other Treasury issues
Agency issues

2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21

Tax-exempt obligations
C o r p o r a t e 8 fgn. bonds
Mortgages
O p e n - m a r k e t paper

22
23
24
25

2229,,761
414 ,
,417
1815,,344

Corporate equities
M u t u a l fund shares
Other corporate equities

26
27
28

300,,272
2248,, 186

313,,134
2571,,361

Life insurance reserves
P e n s i o n fund r e s e r v e s

29
30

2322,,741

2410,,465

Equity

31

38,, 121
170,,595

42,,000
198 ,832

in n o n c o r p . b u s i n e s s

S e c u r i t y credit
Miscellaneous assets

18635,,072 Total a s s e t s
liabilities

Credit market instruments
Home mortgages
Other mortgages
T a x - e x e m p t debt
I n s t a l l m e n t c o n s , credit
O t h e r c o n s u m e r credit
Bank loans n . e . c .
O t h e r loans
Security credit
T r a d e credit
D e f e r r e d ana unpaid life
insurance premiums

15446,,595 Net w o r t h

32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47

Memo:

Data are in m i l l i o n s of d o l l a r s .




4259,,456 Total o w n e r - o c c . real estate
Home m o r t g a g e s as percent of
48.6%
o w n e r - o c c . real estate

48

386 ,771

398,,968 T o t a l n o n p r o f i t real estate

50

354,,732

I n v e n t o r i e s of n o n d u r a b l e g o o d s ,
371 ,
,361
not i n c l u d e d in t o t a l s above

51

49

A p r i l 1989
Farm 8 Noncorporate Business

Farm 8 Noncorporate Business
S e c t o r B a l a n c e S h e e t s with T a n g i b l e A s s e t s at C u r r e n t C o s t

16

Year-End O u t s t a n d i n g s

Y e a r - E n d O u t s t a n d i ngs
4

1952

1955

1956

Farm Business

101,.394

122,,739

136,,402

134,,811

137,,732

142,,431

150,,569

1

2
3
4
5

R e p r o d u c i b l e assets
Residential structures
N o n r e s . plant 8 e q u i p m e n t
Inventories

49 ,967
,841
16,
1 6 ,462
,
,664
16,

59,,398
,937
17,
19 ,007
22,,454

65,,202
18,
,854
21,,44 0
24,,908

65,,178
19, 121
,
22,,750
23,,307

64,,516
19,
,151
23,,365
22,,000

64,,212
19,
,342
23,,670
21,,200

64,,349
19,
,639
24,,810
,900
19,

65,,561
19,
,759
25,,902
19,
,900

2
3
4
5

6

Land

51 ,427

63,,341

,200
71 ,

71,,681

70,,295

73,,520

78,
,082

8 5 ,008

6

8 ,068

8,,327

8,,314

8,,291

8,,264

8 ,372

8,,251

7

7 ,000
,035
11
918
117

,000
7,
,068
949
119

,200
7,
,127
1,
,005
1,
122

,100
7,
,214
1,
,088
1,
126

,000
7,
,291
1,
,
1, 159
132

6,
,900
1 ,364
•
,227
1 ,
137

6 ,900
1 ,472
1 ,324
148

6,
,700 8
9
1 ,551
1 ,390 10
161 11

109 ,429

130 ,807

144,,729

145 ,173

143,,102

145 ,996

150 ,803

158 ,820 12

9 ,880

11 ,221

,944
12,

,879
13,

13,
,562

14 ,435

16 ,058

16 ,982 13

,509
11,
7,
,737
2,
,712
,060
1,
445
615

12 ,281
8 ,246
2 ,862
:
1 ,173
508
665

13 ,723
9
3 ,434
1 ,267
574
693

14 ,581
9 ,835
3 ,375
1 ,371
624
747

1 Tangible assets

7 T o t a l f i n a n c i a l assets
8
9
10
11

C h e c k a b l e dep. 8 c u r r e n c y
M i s c e l l a n e o u s assets
Insurance r e c e i v a b l e s
E q u i t y in spons. a g e n c i e s

12 T o t a l a s s e t s
13 T o t a l l i a b i l i t i e s

8 ,035

136,,859

14
15
16
17
18
19

14
15
16
17
18
19

Credit market instruments
Mortgages
Bank loans n.e.c.
Other loans
U.S. g o v e r n m e n t
F e d . Inter. Credit B a n k s

8 ,474
5 ,579
2 ,049
846
228
618

9 ,532
6 ,071
2 ,524
937
244
693

,819
10,
6 ,651
3,
,120
,048
1,
199
849

11 ,609
,236
7,
3 ,293
,
1 ,080
213
867

20

T r a d e debt

1 ,406

1 ,689

,125
2,

2 ,270

,053
2,

2 ,154

2 ,335

2 ,401 20

99 ,549
6 ,968
92 ,581

119 ,586
8,371
111 ,215

131 ,785
9 ,225
122 ,560

131 ,294
9 ,191
122 ,103

129 ,540
9 ,068
120 ,472

131 ,561
9 ,209
122 ,352

134 ,745
9 ,432
125 ,313

141 ,838 21
9 ,929
131 ,909 23

75 ,075

8 8 ,949

98 ,687

100 ,009

98 ,871

102 ,540

108 ,171

116 ,116 24

21 Net worth
C o r p o r a t e farms
N o n c o r p o r a t e farms
23
Memo:
24 T o t a l farm real estate

Nonfarm Noncorporate Business

assets

R e p r o d u c i b l e assets
Residential structures
N o n r e s . plant 8 e q u i p m e n t
Inventories

6

Land

7 Total

f i n a n c i a l assets

8
9
10
11
12
13

C h e c k e b l e dep. 8 currency
Time d e p o s i t s
U.S. g o v e r n m e n t s e c u r i t i e s
C o n s u m e r credit
Mortgages
T r a d e credit

14
15
16
17

M i s c e l l a n e o u s assets
Insurance r e c e i v a b l e s
E q u i t y in spons. agencies
Other

18 Total

assets

19 Total l i a b i l i t i e s
20
21
23
24

Credit market instruments
Mortgages
Home m o r t g a g e s
Multi-family
Commerci al

152,,572

165,.420

175,,759

179,,962

184, 5 1 2

189,,980

200, 657

212, 549

1

105,,296
67,,467
26,,796
,033
11,

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

129,. 181
78,,479
36,•426
,276
14,

136,.513
81,.055
40,,303
•
15, 155

143, 112
82,.643
44,• 579
15, 8 9 0

2
3
4
5

47,,276

1 Tangible
2
3
4
5

50,, 123

52,,981

55,,322

57,,789

60,,799

64,. 144

69,,437

6

19,
,424

,197
21 ,

21,,595

22,,689

23,,350

24,,018

24,,300

26,,079

7

10 ,315

,538
10,

10 ,777

,429
10,

10,
,377

10,907

,200
11,

11 ,549

,910
2,

1 ,811
,

,175
2,

2 ,300

2 ,674

,802
2,

2 ,804

5 ,995

,091
7,

6,974

,838
7,

8 ,233

8 ,174

,907
7,

1 ,303
1 ,289
14

,393
1,
,378
1,
15

1 ,544
,
,527
1,
17

,748
1,
1 ,730
18

1,
,938
,919
1,
19

,133
2,
,113
2,
20

,283
2,
,262
2,
21

2 ,413 14
2 ,392 15
21 16
17

171 ,996

186,,617

197 ,354

202,,651

207,,862

213,,998

224 ,
,957

2 3 8 ,628 18

16 ,086

19,052

2 0 ,194

,996
21 ,

23,,297

25 ,902

28 ,920

30 ,985 19

10 ,836
6 ,361
1 ,031
4 ,297
1 ,033

12 ,792
7 ,511
1 ,428
,
5 ,034
1 ,049

14 ,117
8 ,167
1 ,364
5 ,705
1 ,098

15 ,452
8 ,857
1 ,587
6 ,128
1 ,142

16 ,028
9 ,207
1 ,547
6 ,451
1 ,209

17 ,025
9 ,923
1 ,872
6 ,726
1 ,325

18 ,860
10 ,628
2 ,016
7 , 142
1 ,470

19 ,997
10 ,865
1 ,788
7 ,432
1 ,645

1 ,508
4 ,442

1 ,721
4 ,874

1 ,782
5 ,039

1 ,866
5 ,236

-

-

"

25
26

Bank loans n . e . c .
Other loans

833
3 ,642

1 ,278
4 ,003

27
28

Other taxes payable
Trade debt

5 ,250

6 ,260

29

Miscellaneous liabilities

30 Net w o r t h

8
9
10
3 ,066 11
12
9 ,051 13

-

-

-

-

6 ,077
-

-

-

6 ,544
-

-

-

7 ,269
-

-

8 ,877
-

2 ,388
5 ,844
-

10 ,060
"

20
21
23
24

2 ,993 25
6 ,139 26
27
10 ,988 28
-

29

155 ,910

167 ,565

177 ,160

180 ,655

184 ,565

188 ,096

196 ,037

207 ,643 30

129 ,187

137 ,609

145 ,469

149 ,376

152 ,559

157 ,556

165 ,439

174 ,622 31

Memo:
31 T o t a l noncorp . b u s . r e a l estate
Data are in m i l l i o n s of d o l l a r s .




April 1989
Farm 8 N o n c o r p o r a t e B u s i n e s s

Farm 8 Noncorporate Business

17

S e c t o r B a l a n c e S h e e t s with T a n g i b l e A s s e t s at C u r r e n t C o s t
Year-End O u t s t a n d i n g s
1957

Year-End Outstandings
1958

1960

1961

Farm Business
1

158 » 662

2
3
4
5

67 ,181
19:
,610
26 ,371
21,,200

169,,340
68,,904
19,
,437
26,,867
22,,600

6

91 ,481

100,,436

106 ,982

108 ,502

7

8 ,218

8,,584

7 ,982

7 ,646

,731
7,

8
9
10
11

6 ,600
:
,618
1,
,446
1,
172

6,
,900
,684
1,
,502
1,
182

6 ,200
1 ,782
1 ,584
198

5 ,800
1 ,846
1 ,635
211

12

166 ,880

177,,924

183 ,933

175 ,951
68
19
27
22

,969
,382
,487
,100

178 ,627
70
19
27
23

, 125
,235
,590
,300

185,,099
70,,946
19,, 186
27,,960
23,,800

191 ,469

200,,695

209 ,693 T a n g i b l e assets

,044
,091
,753
,200

74,,381
18,
,795
29,,886
25,,700

118 ,425

126,,314

7 ,865

7,
,825

8,,217 T o t a l f i n a n c i a l a s s e t s

7

5,,800
,931
1,
,704
1,
227

5 ,900
1 ,965
1 ,724
241

5,,700
2,,125
,869
1,
256

5 ,900
,317
2,
,038
2,
279

8

186 ,273

192,,830

199 ,334

208,,520

114,, 153

73
19
28
25

74 ,736
19, 129
,
31 ,107
24,,500
134,,957

Reproducible assets
Residential structures
N o n r e s . plant 8 e q u i p m e n t
Inventories

3
4
5

Land

6

C h e c k a b l e dep. 8 c u r r e n c y
Miscellaneous assets
Insurance receivables
E q u i t y in s p o n s . a g e n c i e s

9
10
11

217,,910 T o t a l a s s e t s

13

18,
,274

20,,078

2 2 ,433

23 ,623

25, 322

2 7 ,626

31,,038

33,,827 T o t a l l i a b i l i t i e s

14
15
16
17
18
19

,638
15,
,397
10,
3 ,759
•
1 ,482
550
932

,002
17,
,109
11,
4,,172
1 ,721
,
565
1 ,156
,

18 ,934
12 ,101
4 ,866
1 ,967
577
,390
1,

19
12
5
2

,965
,838
,062
,065
564
"1 ,501

21,,558
13, 917
5, 305
2,,336
68 6
,650
1,

23,,856
15 ,193
6 ,087
,576
2,
736
,840
1,

26,,406
16, 8 2 2
•
6,
,688
2,,896
797
2,,099

29,,009
18,
,942
6,
,959
3,
,108
861
2,,247

20

,636
2,

3,
,076

3 ,499

3 ,658

3,,764

3,
,770

4,,632

21
22
23

148 ,606
10,402
138,,204

157,,846
,049
11,
146,,797

161 • 5 0 0
11 ,305
150 ,195

162 ,650
,385
11,
151,,265

167, 5 0 8
11, 726
155,,782

171 ,708
,020
12,
159,,688

177, 482
12,,424
165, 058

184,,083 Net w o r t h
,886
C o r p o r a t e farms
12,
171,,197
N o n c o r p o r a t e farms

24

122,,708

131 ,
,529

138 ,360

139,,902

145, 962

150,,720

158, 917

168,,478 Total farm real estate

4,,818

Credit market instruments
Mortgages
Bank loans n . e . c .
O t h e r loans
U.S. g o v e r n m e n t
F e d . Inter. C r e d i t B a n k s
T r a d e debt

Memo:

Nonfarm Noncorporate Business
1

219 ,296

2
3
4
5

146
83
46
16

225,,664

233 ,370

2 4 0 ,944

247, 608

257,,071

265,,377

279,,761 T a n g i b l e assets

149, 5 6 8
84,,562
48,> 120
16,
,886

153
86
50
16

156
83
51
16

,363
,475
,270
,618

159, 364
91 ,048
52, 717
15, 5 9 9

165 •313
94 ,537
54,,996
15,
,780

170, 112
97,,334
57, 649
15,, 129

180,,278
104,,041
61 , 148
15,
,089

,705
,342
,993
,370

,684
,705
,098
,881

Reproducible assets
Residential structures
N o n r e s . plant 8 e q u i p m e n t
Inventories

3
4
5

Land

6

6

72 ,591

76,,096

79 ,686

8 4 ,581

88, 244

91,
,758

95, 265

99,,483

7

26 ,427

28,,837

27 ,268

27,,211

27,,755

27.,624

27, 579

28,,205 T o t a l f i n a n c i a l a s s e t s

7

8
9
10
11
12
13

12 ,356

13,
,641

,707
12,

12,
,415

12, 5 1 5

12,
,515

12, 515

12,,515

8

,107
3,

3,
-110

3,
,431

3,
,207

3, 135

3,
,318

3,558

3,
,785

8 ,378

,377
9,

8 ,234

8 ,554

8, 904

8,,462

7, 961

8,,106

14
15
16
17

,586
2,
,560
2,
26

2,,709
2,,677
32

2 ,896
2 ,856
40

3 ,035
2,
,987
48

3, 201
3,,144
57

3,
,329
3,
,260
69

3, 545
3 •463
,
82

3,
,799
3,
,704
95

18

245,,723

-

-

254 , 501
•

2 6 0 ,638

268,, 155

-

-

-

2 7 5 , 363

284,,695

292, 956

~

C h e c k e b l e dep. 8 c u r r e n c y
Time d e p o s i t s
U.S. g o v e r n m e n t s e c u r i t i e s
C o n s u m e r credit
Mortgages
Trade c r e d i t

9
10
11
12
13

M i s c e l l a n e o u s assets
Insurance r e c e i v a b l e s
E q u i t y in s p o n s . a g e n c i e s
Other

14
15
16
17

307,,966 Total a s s e t s

19

31,
,862

34, 000

35,,630

38 ,345

40, 262

42,,721

45, 236

50, 729 Total l i a b i l i t i e s

20
21
22
23
24

20,,875
11,146
,671
1,
,660
7,
1 ,815
,

22, 374
12 ,276
1 , 23
8
8, 422
2, 031

24,,880
13, 5 3 4
•
,938
1,
9,
,335
2,,261

27,,117
14,
-443
1 ,703
,
10,
,245
2,,495

29, 643
16- 4 1 3
1, 8 2 1
11 T785
2,807

32,,672
18,
,772
,001
2,
13,
,585
3, 186
,

37, 004
21 ,424
2, 002
15, 8 2 5
3, 597

43,,234
25, 8 7 7
1, 902
19, 095
4 , 80
8

25
26

3,
,078
6,
,651

3, 239
,859
6,

3,
,632
7,
,714

3,
,969
8,,705

4 , 345
8,885

4,,716
9,
,184

5, 308
10, 2 7 2

5, 8 0 6
11 ,551

Bank loans n . e . c .
O t h e r loans

27
28

10,
,987

,228
11,

10, 619

10,,049

8, 232

7, 495

Other taxes payable
T r a d e debt

29

-

-

-

11.,626

-

,750
10,

"

-

-

-

-

"

-

Credit market instruments
Mortgages
Home mortgages
Multi-family
C o m m e r c i al

Miscellaneous liabilities

30

213,.861

220,,501

225,,008

229,,810

2 3 5 , 101

241, 974

2 4 7 , 720

2 5 7 , 2 3 7 Net w o r t h

31

179,663

185,217

192,072

199,566

207,341

216,263

224,556

2 3 7 , 6 3 6 Total n o n c o r p . b u s . r e a l e s t a t e 31

Data are in m i l l i o n s of d o l l a r s .




A p r i l 1989
Farm 8 Noncorporate Business
^ g

Farm 8 N o n c o r p o r a t e B u s i n e s s
S e c t o r B a l a n c e S h e e t s with T a n g i b l e A s s e t s at C u r r e n t C o s t

Year-End Outstandings

Year-End Outstandings
1965

1966

1967

1968

1969

1970

1971

1972

Farm Business

1 Tangible assets
2
3
4
5

Reproducible assets
Residential structures
N o n r e s . plant 8 e q u i p m e n t
Inventories

6

Land

226,,082
80,,492
19,
,179
33,,313
2 8 ,000

2 3 7 ,206
8 3 ,516
20,,011
36 , 105
27 ,400

250,,236

262,,510

273,,208

2 8 0 ,544

302,,727

343,, 169

1

87,,017
20,,517
38,,600
27,,900

93,,008
22,,070
41,,838
29,,100

100,,796
23,,387
45,,609
31,,800

104
23
49
31

,326
,998
,228
,100
•

114, 556
25,,515
53,,641
35,,400

130,,499
27,,165
59 ,034
44,,300

2
3
4
5

145 ,590

153 ,690

163,,219

169,,502

172,,412

176 ,218

188 ,171

212,,670

6

8 ,497

8 ,704

9,
,067

,646
9,

10,
,182

10 ,786

11 ,477

,413
12,

7

6 ,000
2 ,497
,178
319

6 ,000
2 ,704
2 ,339
365

6,
,100
2,,967
2,,553
414

,300
6,
3 ,346
,830
2,
516

6 ,400
3,
,782
3 ,211
571

6 ,515
4 ,271
3 ,649
622

6 ,638
4 ,839
4 ,147
692

6 ,900 8
9
5 ,513
4 ,731 10
782 11

2 3 4 ,579

245 ,910

259,,303

272,,156

2 8 3 ,390

291 ,330

314 ,204

355 ,582 12

13 T o t a l l i a b i l i t i e s

37,674

41,274

44,377

46,170

48,827

51,430

55,555

61,347 13

14
15
16
17
18
19

Credit market instruments
Mortgages
Bank l o a n s n . e . c .
Other loans
U.S. g o v e r n m e n t
F e d . Inter. C r e d i t B a n k s

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

47,588
30,492
11,155
5,941
967
4,974

51,564
32,381
12,500
6,683
1,014
5,669

56,813
35,361
14,306
7,146
1,050
6,096

20

T r a d e debt

5,363

5,770

5,562

4,587

4,210

3,842

3,991

4 , 5 3 4 20

21 Net w o r t h
22
C o r p o r a t e farms
23
N o n c o r p o r a t e farms

196,905
13,783
183,122

204,636
14,325
190,311

214,926
15,045
199,881

225,986
15,819
210,167

234,563
16,419
218,144

239,900
16,793
223,107

258,649
18,105
240,544

2 9 4 , 2 3 5 21
20,59b 22
2 7 3 , 6 3 9 23

24 T o t a l

180,056

190,150

201,099

210,779

217,131

223,781

240,213

2 6 8 , 6 4 8 24

7 Total financial assets
8
9
10
11

C h e c k a b l e dep. 8 c u r r e n c y
Miscellaneous assets
Insurance receivables
E q u i t y in s p o n s . a g e n c i e s

12 T o t a l a s s e t s

farm r e a l estate

2

14
15
16
17
18
19

Nonfarm Noncorporate Business

1 Tangible assets

2 9 4 ,810

319,.046

332,,654

361,,384

392,,318

417,,227

4 5 8 ,444

517:,207

1

218,,508
123,,952
77,,454
,102
17,

242,,380
139,,706
85,,050
,624
17,

267,,688
155,010
94,,332
18,,346

288:,539
165:,106
104:,299
19:
,134

322:,844
185,,471
115,,702
21,,671

362,,841
212.• 013
126,,814
24,• 014

2
3
4
5
6

2
3
4
5

R e p r o d u c i b l e assets
Residential structures
N o n r e s . plant 8 e q u i p m e n t
Inventories

191,,359
109,,329
66 ,192
,838
15,

207,, 152
118,,118
72,,705
,329
16,

6

Land

103:,451

111,,894

114,,146

119,,004

124,,630

128:,688

135,,600

154,,366

28 ,572

29,,442

30 ,359

29 ,654

31 ,
,177

32 ,495

39,,665

46 ,149

7

12 ,515

,515
12,

,515
12,

12:,515

,515
12,

4 ,044

,994
3,

100
3,
,878

300
,858
3:

12 ,515
1 ,400
700
3 ,875
700
6 ,623

12 ,515
,000
3:
900
3 , 776
1 ,875
8 ,123

,515
12:
4 ,600
1 ,100
3 ,694
3 ,000
8 ,770

8
9
10
11
12
13

6 ,682
6 ,515
167

7 Total financial assets
8
9
10
11
12
13

C h e c k e b l e dep. 8 c u r r e n c y
Time deposits
U.S. g o v e r n m e n t s e c u r i t i e s
C o n s u m e r credit
Mortgages
Trade credit

14
15
16
17

M i s c e l l a n e o u s assets
Insurance r e c e i v a b l e s
E q u i t y in s p o n s . a g e n c i e s
Other

18 T o t a l a s s e t s
19 T o t a l l i a b i l i t i e s
20
21
22
23
24

Credit market instruments
Mortgages
Home m o r t g a g e s
Multi-family
C o m m e r c i al

7 ,930

8 ,491

9 ,022

7 ,655

500
3,
,754
300
8,,110

4 ,083
3 ,975
108

4 ,442
4 ,325
117

4 ,844
4 ,716
128

5 ,326
5, 187
,
139

5,,998
5,,846
152

323 ,382

348 ,488

363,,013

-

,038
391 :

12 ,470 14
8 ,278 15
192 16
4 ,000 17

4 4 9 ,722

498,,109

563:,356 18

-

423,,495

-

56 ,887

61 ,709

69 ,040

77 ,583

93,,585

106:,259

1:9 ,001

162 ,944 19

5 0 ,257
30 ,750
1 ,997
21 ,846
6 ,907

56 ,623
34 ,761
1 ,598
24 ,245
8 ,918

63
40
2
27
11

73
47
2
29
16

,404
,833
,224
,449
,160

88,,366
57:,638
,008
2,
32,,910
22,,720

101
70
2
38
29

121:,587
8 8 ,251
3 ,050
4 6 ,740
38 ,461

151 ,375
114 ,527
3 ,626
56 ,660
54 ,241

8 ,079
13:
,783

8 ,784
14 ,190

9 ,866
15 ,705

12:,054
18:,674

25
26

Bank l o a n s n . e . c .
Other l o a n s

6 ,708
12 ,799

27
28

O t h e r t a x e s payable
T r a d e debt

6 ,630

29

Miscellaneous liabilities

30 Net w o r t h

-

-

9 ,476
,296
7:
180
2 ,000

-

-

-

,086
5:
-

,857
,883
,102
,045
,736

-

5 ,183
-

-

4 ,179
-

-

5,,219
"

,457
,042
, 153
,683
,206

11 ,696
19 ,719
-

4 ,802
-

20
21
22
23
24

12 ,604
2 0 ,732

13 ,667 25
23 , 181 26

1 ,037
4 ,377

2 , 4 8 9 27
5 ,080 28

2 ,000

4 ,000 29

266 ,495

2 8 6 ,779

2 9 3 ,973

313 ,455

329,,910

343 ,463

369:,108

400:,412 30

2 5 0 ,257

271 ,116

281 ,664

307:,138

334,,432

354 ,843

390 ,632

444 ,125 31

Memo:
31 T o t a l n o n c o r p . b u s . r e a l e s t a t e
Data are in m i l l i o n s of d o l l a r s .




April 1989
Farm 8 N o n c o r p o r a t e B u s i n e s s

Farm 8 Noncorporate Business
S e c t o r B a l a n c e S h e e t s with T a n g i b l e A s s e t s at C u r r e n t Cost

Year-End O u t s t a n d i n g s
1975

Year-End Outstandings
1974

1975

1976

1977

1978

1979

1980

Farm Business
1022 ,794 T a n g i b l e

4 2 8 ,138

474 ,955

5 3 3 ,762

614 ,730

161,,583
29 ,703
66 ,380
65 ,500

178
33
82
62

190
35
90
64

200
38
101
60

677 ,313

798,,038

927,,471

,660
,801
,559
,300

2 5 7 ,236
49 ,624
133,,912
,700
73,

284
54
149
80

6

266 ,555

296 ,190

342 ,892

7

13,
,256

13,
,850

14 ,847

414 ,137

459 ,653

540,,802

642 ,502

16 ,273

18 ,087

20,,154

2 2 ,226

24 ,199 T o t a l

8
9
10
11

7 ,100
6 ,156
5 ,214
942

7 ,010
7 ,837
6 ,453
1 ,384

6 ,947
9,
,326
7 ,718
,608
1,

7 ,035
11 ,052
9 ,197
,855
1,

,137
7,
13,
,017
10,
,891
,
2, 126

7,
,284
,942
14,
12 ,406
2 ,536

7 ,390
16 ,809
13 ,714
3 ,095

12

441,,394

488,805

5 4 8 ,609

631,,003

695,,400

818,,192

13

70,
,067

14
15
16
17
18
19

65 ,410
39,
,806
,165
17,
8 ,439
1 ,241
,
,198
7,

78 ,199

87,,475

98,,321

112,,962

130,

155,,524

172,,305 T o t a l l i a b i l i t i e s

13

73,
,319
44,,922
18,
,236
10,
,161
1 ,313
,
8,,848

8 2 ,136
49,,853
20,,199
,084
12,
,089
2,
9 ,995

92,, 180
55,,412
23,,230
13,
,538
2,,226
11 ,312
,

105,,939
63 ,949
25 ,729
16 ,261
3 ,502
,759
12,

122,,194
72,,757
28,,211
21 ,
,226
7,
,009
14,
,217

145,,723
8 6 ,755
31,,033
27,,935
10,
,391
,544
17,

161 ,477
97 ,487
31 ,566
32,,424
13:,026
19,
,398

Credit market instruments
Mortgages
Bank loans n . e . c .
O t h e r loans
U.S. g o v e r n m e n t
F e d . Inte.. C r e d i t B a n k s

14
15
16
17
18
19

20

4 ,657

4,
,880

5 ,339

6, 141
,

,023
7,

8,,639

9 ,801

10,
,828

T r a d e debt

20

21
23

371 •
,327
25,,993
345,,334

410,606
28 , 742
381,,864

461 ,134
32,,279
428,,855

532,,682
37,,288
495,,394

5 8 2 ,438
40,,771
541 ,
,667

687,-359
48,• 115
639,,244

794,,173
55,,592
738,,581

874,,688 Net w o r t h
61,,228
C o r p o r a t e farms
813,,460
N o n c o r p o r a t e farms

24

328,,553

368,,707

420,,590

499,,632

556,,374

656,,128

767,,965

8 5 0 ,847 T o t a l farm real e s t a t e

1136 ,511

1555 ,885

, 765
,620
,745
,400

6 ,940
6 ,910
5 ,762
,
1, 148

,870
,656
,914
,300

,593
,804
,589
,200

217
43
114
59

00

1
2
3
4
5

,969
,431
,838
,700

949 ,697

311
59
167
84

,138
,241
,397
,500

711 ,656

assets

1

Reproducible assets
Residential structures
N o n r e s . plant & e q u i p m e n t
Inventories

2
3
4
5

Land

6
financial assets

C h e c k a b l e dep. 8 c u r r e n c y
Miscellaneous assets
Insurance r e c e i v a b l e s
E q u i t y in s p o n s . a g e n c i e s

1046 ,993 T o t a l a s s e t s

7
8
9
10
11
12

21
22
23

Memo:
24

Nonfarm Noncorporate Business

1

597 ,266

2
3
4
5

417
246
143
27

,059
,015
,735
,509

687 ,699

741 ,705

8 2 2 ,646

953 ,995

481
278
172
29

511
299
184
27

558
333
197
27

632
384
219
29

6

180 ,207

206 ,440

2 5 0 ,078

2 6 4 ,055

521 •048

594 ,276

486 ,225

5 8 9 ,100

7

64 ,436

69 ,236

,085
71 ,

79 ,890

96 ,564

117,,233

138 ,892

147 ,781 T o t a l

8
9
10
11
12
13

16 ,914
6 ,213
1 , 183
4 ,019
3 ,285
18 ,626

17 ,265
7 ,784
1 ,238
4 ,048
5 ,593
20 .568

.800
17,
8 ,088
1 ,274
,
,056
4,
3,
,252
21 ,
,171

19 ,763
9 ,490
1 ,515
4 ,321
4 ,151
22 ,009

22
12
2
4
5
26

14
15
16
17

14 ,196
9 ,245
212
4 ,741

15 , 142
10 ,229
246
4 ,667

15,
,444
11 ,461
28 7
5,
,696

18,
,641
13,
,518
560
4 ,763

18

661,,702

756 ,935

812,,788

902 ,556

,259
,794
,865
,600

,625
,525
,819
,281

,611
,078
,623
,910

-947
,099
,594
,454

,379
,127
,412
, 127
,509
, 156

742
448
260
32

,235
,918
,595
,724

867
540
291
54

,662
,884
,896
,882

25 ,570
15,
,522
5. 184
,
4 ,508
8,,114
51 ,
,478

28
21
2
4
11
34

,332
,269
,805
,455
,001
,894

25 ,854
16 ,032
404
7 ,418

29 ,057
18,
,917
551
9,
,609

36 ,138
21 ,805
643
,690
15,

1050 ,559

1253,,744

1492:,777

1587 ,847 T a n g i b l e a s s e t s
998
628
556
53

31
24
2
4
12
56

,747
,290
,461
,996

,106
,231
,564
,591
,217
,512

36 ,760
24 ,279
755
11 ,726

1

Reproducible assets
Residential structures
N o n r e s . plant 8 equipment
Inventories

2
5
4
5

Land

6
f i n a n c i a l assets

7

C h e c k e b l e dep. 8 currency
Time d e p o s i t s
U.S. g o v e r n m e n t s e c u r i t i e s
C o n s u m e r crcdit
Mortgages
T r a d e credit

8
9
10
11
12
15

M i s c e l l a n e o u s assets
Insurance receivables
E q u i t y in s p o n s . agencies
Other

14
15
16
17

1755 ,628 Total a s s e t s

18

19

199,,496

2 4 0 ,694

260,,117

286,,512

523 ,877

578,, 144

4 5 4 ,502

5 1 8 ,980 T o t a l l i a b i l i t i e s

19

20
21
22
23
24

172,,319
116,,378
3,
,226
64,,461
48,,691

208,• 059
140,.863
5,
,008
69,,961
67,,894

225, 0 4 0
152, 577
3, 635
70,, 069
78,,673

2 4 6 ,470
164,,062
5,
,018
73,,957
85,.107

2 78 ,550
180 ,787
6 ,778
8 0 ,550
93 ,659

526,,468
204,,959
7,
-573
88,,792
108,,594

392 ,019
247:,167
,035
7,
96,,366
145,,766

4 4 7 ,805
2 8 8 ,822
7 ,954
102 ,515
178,,555

20
21
22
23
24

25
26

28,.647
27,,294

35,,988
51 ,
,208

37,,680
54,,983

40, 354
42,,054

46 ,595
51,,570

59,,649
61 ,
,860

72,,815
72,,057

79,,267
79,,716

Bank loans n . e . c .
O t h e r loans

25
26

27
28

3,
,985
,653
17,

5,
,545
20,,145

6,
,602
20,• 5 5 9

7,
,785
22,,267

8 ,871
23,,825

9,
,951
25,,555

,795
12,
51 ,
,757

15,
,528
56,,446

Other taxes p a y a b l e
T r a d e debt

27
28

29

5,.559

6,
,945

7:,916

,790
9,

,655
12,

16,,170

,951
17,

19,
,401

Miscellaneous liabilities

29

30

462,,206

516,,241

552,,671

616,,224

726,,682

31

515,,557

592,,280

641, 9 6 7

716, 572

857,,209

8 7 5 ,• 600

Credit market instruments
Mortgages
Home m o r t g a g e s
Multi-family
C o m m e r c i al

1058,,275

1216,,648 Net w o r t h

1201,,787

1420,,872 T o t a l n o n c o r p . b u s . r e a l estate 51

50

Memo:

Data are in m i l l i o n s of d o l l a r s .




1002, 718

A p r i l 1989
Farm 8 Noncorporate Business

20

Farm 8 N o n c o r p o r a t e Business
S e c t o r B a l a n c e S h e e t s with T a n g i b l e A s s e t s at C u r r e n t C o s t
Year-End O u t s t a n d i n g s

Year-End Outstandings

1987

1988

Farm Business
1026,,435

984 ,568

972,,160

8 6 1 ,154

757,,697

692 ,689

703,,595

741 ,557

1

2
3
4
5

R e p r o d u c i b l e assets
Residential structures
N o n r e s . plant 8 e q u i p m e n t
Inventories

325,,874
63,,118
181,,202
81,,554

322 ,985
61 ,872
181,,865
79 ,248

327,,445
63,,752
184,,328
79,,365

329 ,495
65 ,618
183 ,017
80,,860

313,,161
65,,960
175,,723
71,,478

300,,660
65 ,748
168,,731
66,,181

301,,302
67,.485
165,.040
68,.777

311
67
162
81

,370
,825
,368
,177

2
3
4
5

6

Land

700,,561

661,,583

644,,715

531,,659

444,,536

392,,029

402,,293

4 3 0 ,187

6

26,,053

27 ,859

29,,126

2 9 ,365

32,,033

35,,266

37,,649

4 0 ,768

7

,504
7,
,549
18,
14,
,821
3,
,728

,634
7,
20 ,225
16,
,110
,115
4,

,780
7,
21,,346
,129
17,
4,,217

7 ,942
21,,423
17,
,144
4,,279

8,, 120
23,,913
19,,918
,995
3,

8,,314
26,,952
23,,536
3,
,416

8,,524
29,,125
26,,173
,952
2,

8 ,750 8
9
32 ,018
28 ,998 10
3 ,020 11

1052,,488

1012,,427

1001,,286

8 9 0 ,519

789,,730

727 ,955

741 ,244

782 ,325 12

193,,557

200,,615

203,,784

202,,203

187,,438

170,,793

160 ,258

157 ,442 13

177,,791
107 ,229
32,,920
37,,642
16,
,420
21,,222

184,,493
111,,311
36,,155
37,,047
16 ,657
20,,390

188,,389
113,,721
38,,927
35,,741
,700
16,
19,
,041

187 ,947
112,,422
39 ,907
35,,618
,800
17,
17,
,818

173,,438
105,,850
35,,507
32,,081
18,
,189
13,,892

156 ,607
95,,781
31,,240
29,,586
18,
,023
,563
11,

145,,498
88,,868
29,,053
27,,577
,650
17,
9,
,927

141 ,709
86 ,523
30 ,845
24 ,341
15 ,341
9 ,000

15,,766

16,
,122

15,,395

14,
,256

14,,000

14,
,186

,760
14,

15 ,733 20

858,,931
60,,125
798,,806

,812
811 ,
56,,827
754,,985

797,• 5 0 2
55, 8 2 5
,677
741 ,

688,,316
48,,182
640,,134

602,,292
42,.160
560,,132

557,,162
39,,001
518,,161

580,,986
40,,669
540,,317

624 ,883 21
43 ,742 22
581 ,141 23

851,,654

812,,210

801,,836

693,,732

606,,773

554,,032

567,,203

593 ,845 24

1 Tangible assets

7 Total financial assets
8
9
10
11

C h e c k a b l e dep. 8 c u r r e n c y
M i s c e l l a n e o u s assets
Insurance r e c e i v a b l e s
E q u i t y in spons. a g e n c i e s

12 Total a s s e t s
13 T o t a l l i a b i l i t i e s
14
15
16
17
18
19

Credit market instruments
Mortgages
Bank l o a n s n.e.c.
Other loans
U.S. g o v e r n m e n t
Fed. Inter. C r e d i t B a n k s

20

T r a d e debt

21 Net worth
C o r p o r a t e farms
22
N o n c o r p o r a t e farms
23

14
15
16
17
18
19

Memo:
2 4 T o t a l farm real estate

Nonfarm Noncorporate Business
1 Tangible assets
2
3
4
5

R e p r o d u c i b l e assets
Residential structures
N o n r e s . plant 8 e q u i p m e n t
Inventories

6

Land

7 Total f i n a n c i a l assets

1837 ,819

1934 ,297

2061 ,311

1135
710
391
33

1176
722
420
33

1233
765
435
33

,583
,350
,737
,496

,119
,790
,209
,120

,943
,267
,059
,617

2 2 1 9 ,481

2 3 6 7 ,229

2 5 1 0 ,873

2 6 6 2 ,889

2767 ,539

1

1316
824
455
36

1389
874
475
38

1441
908
492
40

,203
,469
,734
,000

1531 ,901
970,,661
516,,376
44 .864

1590
995
545
49

,117
,395
,286
,436

2
3
4
5
6

,521
,875
,239
,407

, 151
,619
,690
,842

758 ,178

8 2 7 ,368

902 ,960

978 ,078

1069 ,670

1130,,988

1177 ,422

192 ,179

197 ,769

2 3 0 ,555

2 7 8 ,531

317 ,291

359 ,677

394,,298

425 ,283

7

,297
,585
,754
,841
,983
,858

67 ,288
87,798
6 ,940
6 ,251
47 ,926
72 ,211

,288
71,
99,298
7 ,540
6 ,656
51,,254
77 ,011

75,897
107 ,986
8 ,140
7 ,065
54 ,582
81 ,811

8
9
10
11
12
15

702 ,236

8
9
10
11
12
13

C h e c k e b l e dep. 8 c u r r e n c y
Time d e p o s i t s
U.S. g o v e r n m e n t s e c u r i t i e s
C o n s u m e r credit
Mortgages
Trade credit

33 ,251
34 ,693
3 ,298
4 ,409
2 0 ,339
4 0 ,888

36 ,794
38,068
3 ,244
4 ,461
24 ,961
48 ,469

45 ,014
51 ,714
6 ,023
5 , 128
29 ,305
55 ,264

49
65
5
5
39
61

14
15
16
17

M i s c e l l a n e o u s assets
Insurance r e c e i v a b l e s
E q u i t y in spons. a g e n c i e s
Other

55 ,301
26 ,334
836
28 ,131

41 ,772
28 ,362
865
12 ,545

38 ,107
23 ,801
841
13 ,465

51 ,581
34 ,838
861
15 ,882

5 7 ,973
38 ,642
833
,498
18,

71 ,263
43 ,451
771
2 7 ,041

81,,271
49,,497
733
31,,041

8 9 ,802 14
54 ,077 15
733 16
34 ,992 17

2029,,998

2132 ,066

2291 ,866

2 4 9 8 ,012

2684,520

2 8 7 0 ,550

3057,,187

3192 ,822 18

18 T o t a l a s s e t s
19 T o t a l l i a b i l i t i e s
20
21
22
23
24

Credit m a r k e t i n s t r u m e n t s
Mortgages
Home m o r t g a g e s
Multi-family
Commercial

,826
,056
,481
,523
,311
,753

61
76
5
5
43
65

575 ,601

662 ,948

759 ,783

908,,904

1054,,521

1166 ,740

1287,,837

1380 ,785 19

492,,163
308,,108
8 ,544
103 ,659
195,,905

563 ,987
373 ,095
15 ,056
114 ,005
244 ,034

645
436
19
131
285

,842
,070
,057
,165
,848

769 ,006
520,,272
,056
21 ,
157 ,802
341,,414

898,,338
623,,275
24,,806
191 ,
,272
407,,197

1001 ,
,554
703,,564
24 ,819
2 2 4 ,069
4 5 4 ,676

1109,,485
783 ,564
25,,240
2 4 7 ,043
511 ,
,281

1190, 161
8 4 1 ,877
24 ,898
260 ,213
556 ,766

20
21
22
23
24

25
26

Bank loans n.e.c.
Other loans

93 ,467
90,,588

95 ,958
94 ,934

103 ,504
106 ,268

124 ,352
124,,382

138,,510
136,,553

150 ,207
147 ,783

160,,869
165,,052

168 ,927 25
179 ,357 26

27
28

O t h e r taxes payable
T r a d e debt

13,
,744
,560
41 ,

15 ,235
45 ,322

17,
,081
45 ,786

18 ,151
51,,483

,596
21 ,
56,,858

23 ,269
61,,082

24,,869
64,.648

26,,469 27
67,,320 28

29

Miscellaneous liabilities

28,,134

38 ,404

51,,074

70,,264

77,,729

80,,835

88,.835

96,,835 29

1454,,397

1469,118

1532,,083

1589,,108

1629,.999

1703,.810

1769,.350

1812,.037 30

1655,.019

1744 ,349

1867,.172

2019,.341

2 1 6 1 , 790

2301,.809

2445, 8 9 8

2533, 621 51

30 Net worth

Memo:
31 T o t a l n o n c o r p . b u s . r e a l estate
Data are in m i l l i o n s of d o l l a r s .




April 1989
Nonfinancial Corporate Business

Nonfinancial Corporate Business
S e c t o r B a l a n c e S h e e t with T a n g i b l e A s s e t s at C u r r e n t C o s t

2 1

Year-End O u t s t a n d i n g s

1949

Year-End Outstandings

1950

1951

1952

1953

1954

1955

1956

Nonfinancial Corporate Business, Excluding Farms
1

2 2 9 , 646

259, 057

289, 338

3 0 5 , 376

322, 385

335, 722

367, 317

410, 238 Tangible assets

2
3
4
5

199, 964
4, 385
146, 192
49, 387

226, 442
4, 725
161, 4 9 8
60, 2 1 9

253, 337
4, 981
178, 656
69, 7 0 0

2 6 6 , 376
5 , 069
190, 4 9 3
70, 8 1 4

2 7 9 , 398
5, 113
201, 575
72, 710

2 8 7 , 429
5 , 206
2 1 0 , 965
71, 258

314, 382
5 , 359
2 3 0 , 103
78, 920

349, 921
5, 462
257, 504
8 6 , 955

6

2 9 , 682

32, 615

36, 001

39, 000

42, 987

4 8 , 293

5 2 , 935

60, 317

(current c o s t )

2
3
4
5

Land

6

147, 2 1 0 T o t a l f i n a n c i a l a s s e t s

7

8 5 , 601

102, 421

110, 491

115, 957

119, 052

124, 627

142, 089

8
9
10
11
12
13
14
15
16

39, 2 6 0
2 2 , 903
900

43,844
24, 222
900

46, 4 3 7
25, 8 5 9
900

46, 271
26, 641
900

48, 013
26, 550
900

48, 373
28, 329
1, 100

53, 428
29, 282
1, 000

48,893
2 8 , 990
1, 0 0 0

10
14, 697
485
265

57
17, 8 7 0
652
143

91
18, 653
844
90

75
17, 647
813
195

114
19,.240
.005
1,
204

158
17, 523
972
291

129
2 1 , 581
1, 2 1 9
217

138
17, 118
1 , 42
3
305

1

Reproducible assets
Residential structures
N o n r e s . plant & e q u i p m e n t
Inventories

7

Liquid assets
C h e c k a b l e dep. & c u r r e n c y
Time deposits
M o n e y m a r k e t fund s h a r e s
Security RPs
Foreign deposits
U.S. g o v e r n m e n t s e c u r i t i e s
Tax-exempt obligations
O p e n - m a r k e t paper

8
9
10
11
12
13
14
15
16

Consumer credit
M u t u a l fund s h a r e s
T r a d e credit
Miscellaneous assets
F o r e i g n direct i n v e s t m e n t
Insurance r e c e i v a b l e s
E q u i t y in s p o n s . a g e n c i e s
Other

17
18
19
20
21

17
18
19
20
21
22
23
24

4, 646

5, 581

6, 190

7, 068

,327
7,

7, 672

8 , 359

8 , 667

29, 471
12, 224
10,,700
1, 383

39, 5 9 3
13, 4 0 3
11 ,788
1, 4 1 8

42, 989
14, 8 7 5
12, 979
1, 5 4 8

45, 8 4 9
16, 769
14,.721
.666
1,

45,-003
18,,709
16,-253
,786
1,

48, 388
20, 194
17, 631
1, 8 6 6

141

197

348

382

670

697

57, 988
22, 314
19, 395
2, 034
2
883

63,,789
25, 8 6 1
22,,505
2, 393
13
950

25

315 =
.247

361,,478

399, 8 2 9

421,,333

441,,437

460,,349

509,.406

26

102,-543

125,,659

139,,843

145, 4 5 3

150,,363

154,,441

176,,307

189,,299 T o t a l l i a b i l i t i e s

27
28
29
30
31
32
33

65 :
,409

72,,255

80,,575

87,,524

,827
91 ,

96,,565

104, 998

115,,395

34,,874
13,
,861
,031
1,
,532
3,
,298
9,

36,,498
,135
15,
1, 4 2 8
4 ,267
,
9,
,440

39,,792
16,
,179
,364
1,
,937
4,
9,
,878

44, 4 9 7
17, 215
1 ,587
,
5 ,353
,275
10,

48 ,012
18 ,101
,547
1,
5 ,670
10 ,884

51 ,547
19,
,732
1,
,872
5,• 939
11,
,921

54, 5 6 4
21, 598
2, 016
6, 348
13, 2 3 4

58,.040
23,.225
.788
1,
6,
,632
14,,805

34
35
36
37
38
39

14 ,537

18 ,293

22,,040

22,,927

2 2 ,357

,718
21 •

25,,577

30,,657

162
214
1 ,123
638

207
275
,231
1,
616

269
313
1 ,348
634

331
335
1 ,564
655

402
376
1 ,626
953

531
602
1 ,629
,
806

362
332
,881
1,
684

378
490
,923
1,
682

Bank loans n . e . c .
L o a n s from foreign
C o m m e r c i a l paper
A c c e p t a n c e liab. to banks
N o n b a n k f i n a n c e loans
U.S. g o v e r n m e n t loans

34
35
36
37
38
39

40
41
42

9 , 738
24 ,455
2 ,941

17 ,252
32 ,761
3 ,391

21 ,922
33 ,688
3 ,658

18 ,672
35 ,312
3 ,945

19 ,271
35 ,014
4 ,251

15 ,988
37 ,255
4 ,633

20,,085
46 ,148
5 ,076

18 ,102
5 0 ,343
5,
,459

P r o f i t taxes payable
T r a d e debt
F o r e i g n direct inv. in U.S.

40
41
42

557,.448 T o t a l a s s e t s

23
24
25
26

C r e d i t m a r k e t debt
T a x - e x e m p t debt
Corporate bonds
Mortgages
Home mortgages
Multi-family
Commercial

27
28
29
30
31
32
33

43

212 ,704

235 ,819

2 5 9 ,986

2 7 5 ,880

291 ,074

305 ,908

333 ,099

368 ,149 Net w o r t h

44

121 ,652

131 ,966

144 ,164

152 ,984

161 ,351

170 ,748

185 ,168

2 0 5 ,974 T o t a l c o r p . real estate

44

M a r k e t value of e q u i t i e s ,
including corp.farm equities
289 ,169
(Net w o r t h of c o r p o r a t e f a r m s ,
from farm sector t a b l e )
9 ,929

46

43

Memo:

45

92 ,205

116 ,647

138 ,250

149 ,941

144 ,776

216 ,033

2 6 9 ,173

46

6 ,968

8 ,371

9 ,225

9 ,191

9 ,068

9 ,209

9 ,432

47
48

30.7%
70.9%

30.6%
61.9%

30.9%
58.2%

31.7%
58.3%

3 1.5%
63.4%

31.5%
44.6%

31.5%
39.0%

49

43.3%

49.4%

53.1%

54.3%

49.7%

70.6%

80.8%

50

154 ,658

174 ,438

196 ,820

2 1 0 ,204

2 2 6 ,060

236 ,438

256 ,302

281 ,919 T a n g i b l e a s s e t s

51
52
53
54

145 ,645
2 »129
98 ,203
45 ,313

165 ,131
2 ,314
107 ,716
55 ,101

187 ,192
2 ,422
119 ,918
64 ,852

2 0 0 ,837
2 ,519
132 ,216
66 ,102

216
2
145
67

2 4 5 ,383
2 ,847
169 ,571
72 ,965

269
2
186
80

3 1 . 3 % D e b t - n e t w o r t h ratio (27/43 )
3 9 . 9 % D e b t - e q u i t i e s ratio ( 2 7 / 4 5 )
R a t i o of m a r k e t value
to net worth ( 4 5 / 4 3 )
78.5%

Tangibles

,141
,627
,603
,911

226
2
157
66

,174
,732
, 140
,302

45

47
48
49

net w o r t h on h i s t o r i c a l cost basis:

,788
,959
,287
,542

50

Reproducible assets
Residential structures
N o n r e s . plant 8 e q u i p m e n t
Inventories

51
52
53
54

Land

55

55

9 ,013

9 ,307

9 ,628

9 ,367

9 ,919

10 ,264

10 ,919

56

2 4 0 ,259

2 7 6 ,859

307 ,311

326 ,161

345 ,112

361 ,065

398 ,391

429 ,129 T o t a l a s s e t s

56

57

137 ,716

151 ,200

167 ,468

180 ,708

194 ,749

206 ,624

2 2 2 ,084

2 3 9 ,830 Net w o r t h

57

61 ,691

66 ,015

71 ,822

77 ,302

8 4 ,146

90 ,298

97 ,055

47.7%

48.1%

48.4%

47.1%

46.7%

47.2%

12 ,131

Memo:
58
59

47.4%

Data are in m i l l i o n s of d o l l a r s .




106 ,745 T o t a l c o r p . real estate
4 8 . 1 % D e b t - n e t worth

ratio

(27/57)

58
59

A p r i l 1989
Nonfinancial

Corporate

Nonfinancial

Business

22

Sector

Yeai—End

Balance Sheet

with

Tangible

Assets

at C u r r e n t

Year-End

Outstandings

Nonfinancial

Corporate

Business

Business, Excluding

Outstandings

assets

(current

cost)

Farms

2
3
4
5

Reproducible assets
Residential structures
Nonres. plant 8 equipment
Inventories

6

Land
financial

439 5
,521

4 5 3 ,,142

4 7 6 ,,880

4 9 3 ,,209

5 0 8 , 781

527, 068

547, 336

5 7 5 ,,984

1

371, 645
5,,542
2 7 7 ,,332
8 8 ,,771

3 7 8 ,,522
5,,750
2 8 5 ,,999
8 6 ,,773

3 9 6 ,,473
6,,076
2 9 7 ,,664
92,,733

4 0 7 ,,705
6,,348
3 0 5 ,,767
9 5 ,,590

4 1 7 ,,655
6, 7 5 8
3 1 3 ,,132
9 7 ,,765

434, 026
7, 3 6 1
323, 884
1 0 2 , 781

4 5 2 , 321
8, 014
335, 628
108, 679

477, 878
8, 984
3 5 3 , 116
115, 7 7 8

2
3
4
5

67,,876

1 Tangible

7 Total

Corporate

Cost

74,,620

8 0 ,,407

8 5 ,,504

9 1 ,,126

93, 042

95, 015

98, 106

6
7

151,,876

assets

8
9
10
11
12
13
14
15
16

Liquid assets
Checkable dep. & currency
Time deposits
M o n e y m a r k e t fund s h a r e s
Security RPs
Foreign deposits
U.S. government securities
Tax-exempt obligations
Open-market paper

17
18
19
20
21
22
23
24

Consumer credit
M u t u a l fund s h a r e s
Trade credit
Miscellaneous assets
Foreign direct investment
Insurance receivables
E q u i t y in s p o n s . a g e n c i e s
Other

163,,502

178,,716

181,,736

1 9 4 ,,579

2 0 6 ,,757

222, 448

2 3 7 ,,308

4 8 ,,458
,024
29 i
,000
1,

5 0 ,,992
30,,083
,900
1,

5 6 ,,185
2 9 ,,196
,500
1,

5 1 ,,429
2 8 ,,243
3,,000

5 4 ,,837
31,,673
4,,100

5 7 ,,937
34,,564
5,,000

61,,337
33,,427
5,,687

61,,670
32,,738
6,,671

131
16,, 3 8 9
,479
1,
435

149
16,,692
,958
1,
210

132
2 2 ,,821
,794
1,
742

148
16,,868
2,,382
788

236
15,,344
2,,395
,089
1,

790
13,,582
2,,697
,304
1,

731
16 ,736
3 ,787
969

99
50
40
6

8 ,692

8,,848

10,,141

,643
9,

9,,638

6 5 ,414
2 9 ,312
25:,394
2,,965
32
921

71,,812
31,,850
27,,409
3,
,511
38
892

77 ,363
3 5 ,027
2 9 ,827
4,,081
51
,068
1,

8 2 ,,291
3 8 ,373
31,,865
4 ,672
72
,764
1,

8 8 ,,232
,872
41 ,
34,,717
5,,154
80
,941
1,

10 ,405
168
92,,757
4 5 ,490
37,,276
5,,684
90
2,,440

11 ,368
203
,057
,483
,736
,031
90
3 ,626

8
9
10
11
3 0 9 12
,097 13
1,
15 ,481 14
3 , 6 8 0 15
1 ,694 16
12 ,303
253
,600
,482
,480
,350
91
4 ,561

107
55
44
6

17
18
19
20
21
22
23
24

25

Total

assets

5 9 1 ,397

616,,644

6 5 5 ,596

6 7 4 ,945

703,,360

7 3 3 ,825

7 6 9 ,784

26

Total

liabilities

1 9 8 ,502

2 0 8 ,404

2 2 6 ,929

2 3 7 ,908

2 5 3 ,,353

2 7 0 ,265

2 9 2 ,238

3 1 2 ,857 2 6

1 7 6 ,047

1 8 8 ,313

2 0 0 ,893 2 7
28
9 2 ,408 2 9
4 9 ,475 30
1 ,902 31
13 ,657 32
3 3 ,916 3 3

1 2 4 ,982

34
35
36
37
38
39

43 Net

worth

1 6 3 ,561

76 ,216
3 3 ,448
1 ,703
9 ,289
2 2 ,456

8 0 ,611
37 ,442
1 ,821
10 ,363
2 5 ,258

84
42
2
11
28

31 ,866

31 ,527

35 , 3 1 0

3 7 ,458

3 8 ,401

4 1 ,808

4 5 ,314

422
619
2 ,405
741

658
582
2 ,430
752

315
593
3 ,141
779

769
834
4 ,095
856

1 ,094
895
4 ,196
922

1 ,198
898
4 ,281
1 ,135

968
665
4 ,989
1 ,183

15 ,971
51 ,839
5 ,710

13 ,378
5 5 ,553
6 ,115

15 ,817
6 0 ,776
6 ,604

13 ,615
6 3 ,707
6 ,910

14 , 9 9 5
6 7 ,405
7 ,392

15 ,941
7 0 ,665
7 ,612

17 ,508
78 ,473
7 ,944

18 ,007 4 0
8 5 .594 41
8 ,563 4 2

408 ,240

4 2 8 ,667

4 3 7 ,037

4 5 0 ,007

4 6 3 ,560

4 7 7 ,546

5 0 0 ,435 4 3

221,652

U.S.

1 5 3 ,676

7 2 ,794
3 0 ,800
1 ,938
8 ,518
2 0 ,344

232,381

243, 248

2 5 1 , 107

2 6 0 , 919

267,707

274,676

286,135 44

242,470

342,082

361, 299

3 5 4 , 114

428, 294

389,171

456,076

5 0 9 , 5 1 6 45

10,402

11,049

11, 305

11, 385

11, 726

12,020

12,424

12,886 46

31.8%
51.5%

32.6%
38.9%

3 3 .5%
39 . 7 %

3 5 . 1%
4 3 .3%

36 .3%
3 8 .1%

37.9%
45.2%

39.4%
41.2%

40.1% 47
39.4% 48

61.7%

85.7%

8 4 .2%

8 1 .0%

9 5 . 1%

83.9%

95.5%

101.8% 49

3 0 2 ,,897

Profit taxes payable
Trade debt
F o r e i g n d i r e c t i n v . in

40
41
42

143 ,732

6 9 ,715
2 7 ,714
1 ,823
7 ,611
18 ,280

3 9 2 ,895

Bank loans n.e.c.
Loans from foreign
Commercial paper
A c c e p t a n c e l i a b . to b a n k s
Nonbank finance loans
U.S. government loans

133 ,378

6 4 ,072
2 4 ,857
1 ,671
6 ,855
16 ,331

Credit market debt
T a x - e x e m p t debt
Corporate bonds
Mortgages
Home mortgages
Multi-family
Commercial

27
28
29
30
31
32
33

8 1 3 ,292 2 5

313,,898

335,,052

3 5 4 ,,625

3 7 2 ,,784

3 9 4 ,857

4 1 8 ,,175

4 4 5 ,,602 5 0

2 9 0 ,,021
,107
3,
2 0 4 ,323
8 2 ,591

2 9 9 ,,508
3,
,392
2 1 5 ,,807
8 0 ,,509

319,,055
3,
,771
2 2 8 ,835
8 6 ,,449

3 3 7 ,,109
4,,104
2 4 3 ,,555
8 9 ,,450

3 5 3 ,,214
4 ,575
2 5 6 ,541
9 2 ,100

373
5
270
97

394,,887
6 ,067
2 8 5 ,646
105,,174

420:,528
6 ,915
5 0 5 ,428
109,,985

,643
,084
,001
,413
,670

88
46
2
12
32

,414
,780
,002
,403
,375

4 9 ,955
1 , 125
764
5 ,784
1 ,382

34
35
36
57
38
39

Memo:
44 Total

corp.

real

estate

M a r k e t v a l u e of e q u i t i e s ,
including corp.farm equities
45
(Net w o r t h of c o r p o r a t e f a r m s ,
46
from farm sector t a b l e )
47 Debt-net worth ratio (27/43)
48 Debt-equities ratio (27/45)
R a t i o of m a r k e t v a l u e
49
to n e t w o r t h ( 4 5 / 4 3 )

Tangibles
50 Tangible

net

worth

on

historical

Reproducible assets
Residential structures
Nonres. plant 8 equipment
Inventories

51
52
53
54
55
56

and

assets

57 Net

basis:

,409
,232
,794
,385

51
52
55
54

12,,876

worth

15,,997

17,,516

19 ,570

2 1 ,428

23,,286

25,,274 5 5

4 7 7 ,400

5 1 3 ,768

5 3 6 ,,361

5 6 7 ,363

6 0 1 ,594

640,,621

682,,910 5 6

2 5 6 ,271

assets

14,,390

4 5 4 ,,773

Land
Total

cost

2 6 8 ,996

2 8 6 ,859

2 9 8 ,,453

3 1 4 ,010

3 3 1 ,329

348,,585

370,,055 5 7

1 1 6 ,030

124 ,195

1 3 2 ,272

140,,943

1 4 9 ,900

1 5 8 ,691

167,,616

177,,659 5 8

Memo:
58 Total

corp.

59 Debt-net
Data

are

real

worth

in m i l l i o n s




estate

ratio
of

(27/57)
dollars.

54.2% 59

April 1989
Nonfinancial Corporate Business

Nonfinancial Corporate Business

23

S e c t o r B a l a n c e S h e e t with T a n g i b l e A s s e t s at C u r r e n t C o s t

Year-End Outstandings

Year-End O u t s t a n d i n g s

Nonfinancial Corporate Business, Excluding Farms
1
2
3
4
5

617, 322

677, 610

726, 638

789, 967

865, 814

934, 953

1008, 4 2 5

5 1 5 , 965
9, 8 0 4
380, 964
125, 197

572, 5 9 9
10, 8 9 1
420, 2 6 7
141,,441

621, 393
11, 650
457, 368
152, 375

684, 696
13, 681
5 0 6 , 007
165,,008

756, 8 8 7
15,,898
558,,739
182,,250

8 2 3 , 377
17, 516
615, 785
190, 076

893, 870
20, 2 0 0
672, 937
200, 733

1089, 2 5 2 T a n g i b l e a s s e t s

(current c o s t )

Reproducible assets
Residential structures
N o n r e s . plant & e q u i p m e n t
Inventories

2
3
4
5

Land

6

6

101, 357

105,-011

105,,245

105,,271

108,,927

,576
111 ,

114, 5 5 5

122, 954

7

259, 125

272,,722

289, 197

320,,072

351,,827

370,,274

406,,708

456,,211 T o t a l f i n a n c i a l a s s e t s

8
9
10
11
12
13
14
15
16

63, 176
33, 053
8, 993

61,,326
32,,371
8,,603

63,,095
34,,817
,682
9,

68- 5 6 9
37-,531
9,
,056

69,,008
43,,122
,652
3,

69,-494
44,.059
5,,347

78,,819
42,,581
,509
9,

88, 015
44, 938
11,,890

593
781
13, 786
4,,600
,370
1,

895
885
,081
12,
3,
,639
,852
2,

670
,055
1,
,619
9,
,300
3,
3,
,952

,121
1,
,587
1,
10,,393
3,
,782
5,,099

3,
,311
,173
1,
,322
7,
2,,800
7 ,628

234
798
,492
7,
2,,175
9 -389

-077
1,
,234
1,
,968
9,
3,
,175
11,,275

2,,688
2,,172
7, 917
4,,175
14,,235

17
18
19
20
21
22
23
24

13,
,242
330
120,,876
61,,501
49 ,283
,766
6,
97
5 ,355

13,
,418
425
133:,247
64 ,306
51,,007
7 ,331
120
5 ,848

13,,822
845
160,,097
76,,739
58,,547
8 ,788
160
9,
,244

14 ,095
745
182 ,878
8 5 ,101
63 ,704
9 ,935
225
11 ,237

14,
,647
645
191,,404
94 ,084
70:,269
10 ,831
336
,648
12:

,266
17,
690
203,,849
106,,084
76,,388
,878
11,
359
17:,459

,954
17,
732
230:,251
119,,259
81,,503
,729
13,
377
23,,650

25

8 7 6 ,447

950 ,332

1015,,835

1110:,039

1217 ,641

1305 ,227

1415:,133

13,,704
635
141,,575
70,, 188
55,,329
,999
7,
134
6,
,726

1

966, 2 9 8
21 r261
727, 758
217, 2 7 9

7

Liquid assets
8
C h e c k a b l e dep. 8 c u r r e n c y
9
Time deposits
10
M o n e y m a r k e t fund s h a r e s
11
S e c u r i t y RPs
12
Foreign deposits
13
U . S . g o v e r n m e n t s e c u r i t i e s 14
Tax-exempt obligations
15
O p e n - m a r k e t paper
16
Consumer credit
M u t u a l fund s h a r e s
Trade credit
Miscellaneous assets
Foreign direct investment
Insurance r e c e i v a b l e s
E q u i t y in s p o n s . a g e n c i e s
Other

1545:,463 T o t a l a s s e t s

17
18
19
20
21
22
23
24
25

26

346 ,484

380 ,751

409 ,225

4 5 6 ,978

504 ,097

5 3 7 ,386

5 7 7 ,127

631 ,713 T o t a l l i a b i l i t i e s

27
28
29
30
31
32
33

219 ,798

243 ,034

2 6 8 ,129

2 9 5 ,045

324 ,014

352 ,445

97 ,260
51 ,685
1 ,997
14 ,522
35 ,166

107 ,474
54 ,525
1 ,598
15 ,247
37 ,680

122:,132
56 ,626
2 ,102
16 ,050
38 ,474

135,,025
5 8 ,847
2 ,224
17 ,082
39:,541

147 ,000
5 8 ,038
2 ,008
18 ,551
37 ,479

166
58
2
19
37

,756
,918
,153
,750
,015

377 ,694
86
185 ,563
61 ,422
3 ,050
21 .672
36 ,700

409:,190
634
197:,750
64 ,183
3 ,626
24 ,457
36 ,100

34
35
36
37
38
39

60 ,723

69 ,005

75 ,671

8 5 ,448

98 ,834

103 ,582

107 ,574

120 ,457

797
891
6 ,766
1 ,676

1 ,622
1 -063
7 ,303
2 ,042

3 ,034
1 ,304
7 ,129
2 ,233

4 ,249
1 ,574
8 ,245
1 ,657

5 ,356
2 ,282
10 ,730
1 ,774

7 ,133
3 ,090
10 ,907
2 ,059

6 ,247
3 ,619
11 ,579
1 ,604

6 ,968
3 ,672
13 ,681
1 ,845

B a n k loans n . e . c .
L o a n s from foreign
C o m m e r c i a l paper
A c c e p t a n c e liab. to b a n k s
N o n b a n k f i n a n c e loans
U . S . g o v e r n m e n t loans

34
35
36
37
38
39

40
41
42

20 ,169
97 ,720
8 ,797

20 ,374
108 ,289
9 ,054

15 ,647
115 ,526
9 ,923

18 ,508
132 ,610
10 ,815

15 ,202
153 ,063
11 ,818

11 ,472
160 ,199
13 ,270

13 ,345
172 174
13 ,914

13 ,253
194 ,402
14 ,868

P r o f i t taxes payable
T r a d e debt
F o r e i g n direct inv. in U.S.

40
41
42

43

529 ,963

569 ,581

606 ,610

653 ,061

713 ,544

767 ,841

8 3 8 ,006

913 ,750 Net w o r t h

43

5 1 4 , 7 9 9 T o t a l c o r p . real estate

44

45

553,720

504,223

651,678

736,506

646,230

648,492

758,897

46

13,783

14,325

15,045

15,819

16,419

16,793

18,105

47
48

41.4%
39.6%

42.6%
48 .1%

44.2%
4 1 . 1%

45.1%
40.0%

45.4%
50.1%

45.9%
54.3%

45.0%
49.7%

26

C r e d i t m a r k e t debt
T a x - e x e m p t debt
Corporate bonds
Mortgages
Home mortgages
Multi-family
Commercial

27
28
29
30
31
32
33

M a r k e t value of e q u i t i e s ,
855,233
including corp.farm equities
(Net w o r t h of c o r p o r a t e f a r m s ,
20,596
from farm sector t a b l e )
4 4 . 7 % D e b t - n e t worth ratio ( 2 7 / 4 3 )
4 7 . 8 % D e b t - e q u i t i e s ratio ( 2 7 / 4 5 )
R a t i o of m a r k e t value
93.5%
to net w o r t h ( 4 5 / 4 3 )

45
46
47
48
49

T a n g i b l e s and net w o r t h on h i s t o r i c a l cost b a s i s :
50

482,,941

531, 8 9 3

574, 619

620, 903

678,,205

724,,691

769,,831

8 2 8 , 166 T a n g i b l e a s s e t s

51
52
53
54

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

684,,117
13,
,004
488,,550
182,,563

727,,322
14,
,663
521,,246
191,,413

782, 786
14, 736
560,,625
207,,425

55

27 ,850

30 ,199

32,,374

34,,664

38 ,922

40:,574

42,,509

8 0 4 ,615

8 6 3 ,816

940,,975

1030 ,032

1094 ,965

1176:,539

4 8 3 ,997

5 2 5 ,935

5 5 7 ,579

599 ,412

652:,664 N e t w o r t h

2 3 5 ,915

256 ,109

2 7 4 ,034

2 9 2 ,119

311 ,364 T o t a l c o r p . real estate

56

742 ,066

57

395 ,582

423 ,864

454 ,591

58

190 ,853

2 0 5 ,677

2 2 0 ,100

45,,380

50

R e p r o d u c i b l e assets
Residential structures
N o n r e s . plant & e q u i p m e n t
Inventories

51
52
53
54

Land

55

1284,,377 T o t a l a s s e t s

56
57

Memo:

6 2 . 6 % D e b t - n e t w o r t h ratio
Data are in m i l l i o n s of d o l l a r s .




(27/57)

58
59

A p r i l 1989
Nonfinancial Corporate Business

24

Nonfinancial Corporate Business
S e c t o r B a l a n c e S h e e t with T a n g i b l e A s s e t s at C u r r e n t C o s t
Year-End Outstandings

Year-End Outstandings
1975

1976

1977

Nonfinancial Corporate Business. Excluding Farms
1 Tangible assets

Reproducible assets
Residential structures
N o n r e s . plant 8 e q u i p m e n t
Inventories

6

Land

1231, 5 1 4

1521,,038

1651, 681

1805, 605

2 0 0 4 , 344

2 3 1 1 , 049

2618, 467

2988, 346

1

1096, 153
23, 042
8 1 3 , 295
259, 816

1362, 786
24, 914
1006, 5 5 7
331, 315

1487, 304
25, 8 3 7
1124, 2 2 0
337, 2 4 7

1627, 2 9 6
27, 616
1224, 5 0 8
375, 172

1803, 382
30, 309
1356, 144
4 1 6 , 929

2 0 7 6 , 158
33, 513
1560, 8 2 8
481, 817

2351, 545
36, 711
1755, 579
559, 255

2670, 714
39, 527
2010, 371
620, 8 1 6

2
3
4
5

135, 361

(current c o s t )

2
3
4
5

158,,252

164, 377

178, 309

2 0 0 , 962

234, 891

266, 922

317, 632

6

526, 8 1 0

517,,494

558, 5 1 5

612, 8 9 3

672, 704

780, 661

910, 165

1015, 4 2 2

7

8
9
10
11
12
13
14
15
16

Liquid assets
C h e c k a b l e dep. 8 c u r r e n c y
Time deposits
M o n e y m a r k e t fund shares
Security RPs
Foreign deposits
U.S. g o v e r n m e n t s e c u r i t i e s
Tax-exempt obligations
O p e n - m a r k e t paper

100, 960
46, 315
16,,623

105,,407
47,,772
20,,464

125, 170
53, 927
22, 351

139,,778
56, 365
24,,413

11,,262
3,
,329
4,,517
4:,038
14,,876

5,,485
4,,946
5,,566
,654
4,
16,
,520

4,,731
5, 772
14,,281
4,,481
19,,627

,048
7,
,441
7,
16,,421
,419
3,
24,,671

143, 641
59, 2 0 7
29, 2 1 5
200
8, 2 5 6
8, 742
10,,026
3,,468
24,,527

162,,321
57,,698
31.,174
610
16,,229
16,,661
,538
11,
,658
3,
24,,753

170, 8 2 0
50,,309
33,,377
,000
3,
,843
18,
21,,804
,105
13,
3 ,687
26 ,695

196, 5 0 2
57,,071
37,,853
6,
,993
28,,415
24,,623
18,
,701
3,
,490
19,356

8
9
10
11
12
13
14
15
16

17
18
19
20
21

C o n s u m e r credit
M u t u a l fund s h a r e s
T r a d e credit
M i s c e l l a n e o u s assets
F o r e i g n direct i n v e s t m e n t
Insurance r e c e i v a b l e s
E q u i t y in s p o n s . a g e n c i e s
Other

,
19, 180
775
269,,293
136,,602
,715
91 ,
,689
15,
396
28 ,802

21,,660
964
271,,269
179,,222
126,,583
23,,424
460
2 8 ,755

22,,231
790
308,,020
198,,022
135,,382
27,,833
539
34,,268

23,,648
618
364,,375
229,,699
151,,761
33,• 415
581
43 ,942

2 4 ,728
1 ,060
4 3 4 ,309
279 ,248
178 ,240
38 ,949
633
61,,426

24 ,996
,507
1,
4 8 2 ,496
309,,921
208 ,467
43 ,619
642
57 ,193

17
18
19
20
21
22
23
24

2210,,196

2 4 1 8 ,498

2677,,048

3091,,710

3528 ,632

4003 ,768 25
1284 ,465 26

7 T o t a l f i n a n c i a l assets

23
24

1758 ,324

25 Total assets

2 0 3 8 ,532

19,,862
890
252,,457
160,,136
114,, 140
20, 043
423
25,,530

736 ,304

C r e d i t m a r k e t debt
T a x - e x e m p t debt
C o r p o r a t e bonds
Mortgages
Home mortgages
Multi-family
Commerci al

730 ,156

751,,415

8 0 8 ,334

900,,551

1031 ,966

1164 ,838

4 6 7 ,387
2 ,430
206 ,909
8 9 »542
3 ,226
26 ,914
59 ,402

26 T o t a l l i a b i l i t i e s
27
28
29
30
31
32
33

,535
19,
816
246,,260
145,,476
100,,364
,816
17,
413
26 ,883

5 1 7 ,789
4 ,078
226 ,579
8 5 ,458
3 ,008
28 ,308
54 ,142

5 3 2 ,772
6 ,678
253 ,783
8 6 ,958
3 ,635
28 ,798
54 ,525

5 7 0 ,174
9 ,163
2 7 6 ,614
93 ,826
5 ,018
2 9 ,950
5 8 ,858

638,,638
17 ,377
2 9 9 ,491
106 ,444
6 ,778
31 ,974
67 ,692

706 ,110
2 5 ,041
320 ,607
116 ,102
7 ,573
34 ,714
73 ,815

773 ,538
35 ,028
337 ,915
105 ,901
7 ,035
37 ,197
61 ,669

8 2 8 ,415
45 ,892
365 ,570
8 8 ,977
5 ,954
38 ,648
44 ,375

27
28
29
30
31
32
33
34
35
36
37
38
39

34
35
36
37
38
39

Bank loans n.e.c.
L o a n s from foreign
C o m m e r c i a l paper
A c c e p t a n c e liab. to banks
Nonbank finance loans
U.S. g o v e r n m e n t loans

137 ,056
32
8 ,382
4 ,736
16 ,162
2 ,138

159 ,412
253
12 ,513
7 ,247
18 ,582
3 ,667

143 ,519
325
9 ,616
7 ,580
2 0 ,440
3 ,873

140 ,076
495
11 ,049
10 ,165
24 ,730
4 ,056

154 > 926
645
12 ,808
11 ,442
31 ,479
4 ,026

175 ,132
901
15 ,499
9 ,908
37 ,206
5 ,714

2 0 4 ,273
,888
24 ,518
13 8 4 2
42 ,265
6 ,908

225 ,966
4 ,199
28 ,026
17 ,076
44 ,333
8 ,376

40
41
42

P r o f i t taxes payable
T r a d e debt
F o r e i g n direct inv. in U.S.

15 ,631
2 3 2 ,730
2 0 ,556

16 ,717
170 ,506
25 ,144

14 ,312
176 ,669
27 ,662

21 ,765
185 ,625
30 ,770

20 ,213
2 0 7 ,105
34 ,595

24 ,452
2 5 8 ,933
42 ,471

2 7 ,086
309 ,752
54 ,462

25 ,286 40
347 ,718 41
8 3 ,046 42

1022 ,020

1308 ,376

1458 ,781

1610 ,164

1776 ,497

2 0 5 9 ,744

2 3 6 3 ,794

2719 ,303 43

4 3 Net worth

1326,605 44

4 4 T o t a l corp. real estate
M a r k e t value of e q u i t i e s ,
45
including c o r p . f a r m e q u i t i e s
(Net worth of c o r p o r a t e f a r m s ,
46
from farm sector t a b l e )
47 D e b t - n e t w o r t h ratio (27/43)
4 8 D e b t - e q u i t i e s ratio ( 2 7 / 4 5 )
R a t i o of m a r k e t value
49
to net worth ( 4 5 / 4 3 )

678,436

499,098

684,337

787,807

748,002

773, 143

933,373

1293,116 45

25,993

28,742

32,279

37,288

40,771

48,115

55,592

61,228 4 6

45.7%

39.5%
103.7%

36.5%
77.8%

35.4%
72.3%

35.9%
85.3%

34.2%
91.3%

32.7%

3 0 . 4 % 47
6 4 . 0 % 48

68.8%

82.8%
39.4%

T a n g i b l e s and net w o r t h on h i s t o r i c a l cost basis:
919,,113

50 Tangible assets
51
52
53
54

R e p r o d u c i b l e assets
Residential structures
N o n r e s . plant 8 equipment
Inventories

55

Land

1046,,073

1111,,612

1211, 128

1334,,403

1497,,745

1690,,633

1879,,332 50

8 6 9 ,215
14 ,892
612,,359
241 ,964

992,,286
14,
,950
673,,618
303,,718

1056,,647
,900
14,
730, 757
310,,990

1154,,649
,917
14,
794,.641
345, 091

1274 ,988
,069
15,
8 7 6 ,462
383 ,457

1434, 108
15,
,348
982, 063
436, 697

1623,,381
,730
15,
1110,,306
497,,345

1805
16
1241
547

,510
,054
,49b
,960

51
52
53
54

49 ,898

54,,965

56,,479

5 9 ,415

63,,637

67,,252

73,
,822 55

1563,,567

1670,,127

1824,,021

2 0 0 7 ,107

2278,,406

2600,,798

2894 ,754 56

709 ,619

57 Net worth

53,,787

1445 ,923

56 T o t a l assets

8 3 3 ,411

918,,712

1015,,687

1106 ,556

1246,,440

1435,,960

1610,,289 57

336 ,441

365 ,689

390 ,795

4 1 7 ,454

4 4 7 ,426

486 ,864

537,,037

596,,196 58

Memo:
5 8 T o t a l corp. real estate
5 9 D e b t - n e t w o r t h ratio

(27/57)

Data are in m i l l i o n s of d o l l a r s .




57.9%

56.6%

April 1989
Nonfinancial Corporate Business

Nonfinancial Corporate Business

25

Sector B a l a n c e S h e e t with T a n g i b l e A s s e t s at C u r r e n t C o s t

Year-End Outstandings

Year-End O u t s t a n d i n g s
1981

1982

1983

1984

1985

1986

1987

1988

Nonfinancial Corporate Business, Excluding Farms
1

3362,500

3507,837

3 6 1 1 , 178

3849,783

3999,580

4137,269

4358,590

4662,077 Tangible assets

2
3
4
5

2992,933
41,979
2277,016
673,938

3107,255
41,249
2406,915
659,091

3 1 8 6 , 172
4 2 , 920
2 4 6 9 , 044
674, 208

3385,767
44,918
2599,950
740,899

3504,724
46,528
2704,974
753,222

3610,454
47,726
2805,786
756,942

3807,047
50,409
2928,746
827,892

4085,360
51,233
3129,175
904,952

6

369,567

400,582

4 2 5 , 006

464,016

494,856

526,815

551,543

7

1116,079

1141,734

1249, 8 1 3

1374,520

1474,706

1609,289

1706,234

576,717

(current c o s t )

1

Reproducible assets
Residential structures
N o n r e s . plant 8 e q u i p m e n t
Inventories

2
3
4
5

Land

6

1 7 4 7 , 6 6 9 Total

7

financial assets

8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24

8
9
10
11
12
13
14
15
16

220,443
47,373
47,758
18,416
33,422
22,965
20,214
3,470
26,825

266,781
53,252
59,029
19,031
42,143
22,553
30,500
3,536
36,737

3 0 6 , 914
5 9 , 943
73, 645
11, 153
4 8 , 387
2 5 , 680
40, 498
4 , 201
43, 407

348,545
66,625
86,872
16,062
48,837
20,593
52,674
4,066
52,816

393,596
80,379
100,292
12,817
58,346
18,508
59,030
4,902
59,322

481,291
99,341
112,509
20,122
70,500
24,456
78,494
7,968
67,901

494,528
98,327
116,591
19,441
76,329
21-618
82,044
10,532
69,646

496,444
95,187
121,069
20,588
84,538
17,365
76,165
9,529
72,003

Liquid a s s e t s
C h e c k a b l e dep. & c u r r e n c y
Time deposits
M o n e y m a r k e t fund s h a r e s
Security RPs
Foreign deposits
U.S. g o v e r n m e n t s e c u r i t i e s
Tax-exempt obligations
O p e n - m a r k e t paper

17
18
19
20
21
22
23
24

25,280
1,624
507,259
361,473
224,826
47,320
642
88,685

25,254
3,070
492,177
354,452
213,347
50,050
714
90,361

28, 589
4, 501
529, 409
380, 4 0 0
2 1 5 , 934
53, 4 9 3
723
110, 2 5 0

30,632
7,193
577,477
410,673
221 ,941
58,635
724
129,373

32,302
12,510
604,203
432,095
237,969
63,739
831
129,556

32,397
15,712
607,435
472,454
261,666
67,893
913
141 ,982

34,990
11,504
656,677
508,535
308,427
78,781
1,289
120,038

37,728
16,105
673,183
524,209
326,159
77,757
1,295
118,998

Consumer credit
M u t u a l fund s h a r e s
T r a d e credit
Miscellaneous assets
Foreign direct investment
Insurance r e c e i v a b l e s
E q u i t y in s p o n s . a g e n c i e s
Other

25

4478,579

4649,571

4 8 6 0 , 991

5224,303

5474,286

5746,558

6064,824

6 4 0 9 , 7 4 6 Total a s s e t s

26

1429,063

1476,373

1589! 4 1 7

1824,687

2013,420

2249,768

2482,727

2 7 0 9 , 0 0 3 Total l i a b i l i t i e s

27
28
29
30
31
32
33

925,365
59,323
388,331
88,495
4,544
37,408
46,543

965,592
74,466
406,997
54,790
5,056
30,766
18,968

1022 i
,865
83,• 8 9 7
423!,023
58,,316
5 ,057
27.,597
25,,662

1196,753
104,439
469,152
64,600
5,056
25,823
33,721

1333,466
127,039
542-905
53,599
4,806
21,690
27,103

1530,132
117,138
664,181
77,626
4,819
22,193
50,614

1696,643
116,224
764,121
117,555
5,240
22,924
89,391

1885,339
116,308
8 6 1 ,479
127,038
4,898
23,909
98,231

34
35
36
37
38
39

252,438
13,095
42,722
21,448
49,942
9,571

294,084
15,612
37,614
20,666
50,512
10,851

306
18
36
27
58
10

r277
,290
,775
,641
,246
,400

351,930
31,339
58,490
30,432
74,771
11,600

374,859
32,881
72,207
28,323
87-423
14,230

422,784
43,948
62,865
28,129
98,711
14,750

419,410
45,171
73,768
33,229
115,710
11,455

456,263
63,357
85,364
33,322
131,708
10,500

B a n k loans n . e . c .
L o a n s from f o r e i g n
C o m m e r c i a l paper
A c c e p t a n c e liab. to b a n k s
N o n b a n k finance loans
U.S. g o v e r n m e n t loans

34
35
36
37
38
39

40
41
42

18,638
376,346
108,714

4,407
381,697
124,677

10 ,531
4 1 8 ,962
137 ,059

11,364
451-989
164,581

9,313
486,028
184,613

10,108
489,116
220,412

9,822
514,337
261,925

7,546
514,056
302,062

P r o f i t taxes p a y a b l e
Trade debt
F o r e i g n d i r e c t inv. in U.S.

40
41
42

43

3049,516

3173,198

3271 ,574

3399,616

3460,866

3496,790

3582,097

3 7 0 0 , 7 4 3 Net w o r t h

1585,403

1639 ,527

1747,608

1823,874

1890,279

1973,828

2 0 5 9 , 0 2 9 Total c o r p . real e s t a t e

25
26
27
28
29
30
31
32
33

C r e d i t m a r k e t debt
T a x - e x e m p t debt
Corporate bonds
Mortgages
Home mortgages
Multi-family
Commercial

43

Memo:
44

1505,697

M a r k e t value of e q u i t i e s .
including corp.farm equities
2552,817
(Net worth of c o r p o r a t e f a r m s ,
from farm sector t a b l e )
43,742

45

1214,845

1382,773

1638 ,730

1617,733

2022,648

2332,629

2331,322

46

60,125

56,827

55 ,825

48,182

42,160

39,001

40,669

47
48

30.3%
76.1%

30.4%
69.8%

31.2%
62.4%

35.2%
73.9%

38.5%
65.9%

43.7%
65.5%

47.3%
72.7%

49

39.8%

43.5%

50.0%

47.5%

58.4%

66.7%

65.0%

2086,898

2206,488

2 3 3 9 ,285

2561,120

2739,915

2881,844

3071,930

3293,314 Tangible assets

2119,370
16,718
1525,173
577,479

2 2 4 4 ,497
17 ,117
1639 ,909
5 8 7 ,471

2457,828
18,140
1789,575
650,113

2624,946
19,159
1944,097
661 ,690

2757,677
20,247
2072,389
665,041

2937,830
21,359
2192,168
724,303

3148,314
22,304
2328,947
797,063

50.9% Debt-net worth ratio (27/43)
7 3 . 8 % D e b t - e q u i t i e s ratio ( 2 7 / 4 5 )
R a t i o of m a r k e t value
to net w o r t h ( 4 5 / 4 3 )
68.9%

44
45
46
47
48
49

T a n g i b l e s and net worth on h i s t o r i c a l cost b a s i s :
50
51
52
53
54

2005,222
16,305
1392,792
596,125

145,000

50

Reproducible assets
Residential structures
Nonres. plant & equipment
Inventories

51
52
53
54

Land

55

55

81,676

87,118

94 ,788

103,292

114,969

124,167

134,100

56

3202,977

3348,222

3589 ,098

3935,640

4214,621

4491,133

4778,164

5040,983 Total assets

56

57

1773,914

1871,849

1999 ,681

2110,953

2201,201

2241,365

2295,437

2 3 3 1 , 9 8 0 Net w o r t h

57

790 ,551

859,394

936,533

994,958

1047,800

1102,015 T o t a l c o r p . real e s t a t e

58

56.6%

60.5%

68.2%

73.9%

80.8% Debt-net worth ratio

59

Memo:
58
59

668,065
52.1%

736,086
51.5%

Data are in m i l l i o n s of d o l l a r s .




51.1%

(27/57)

A p r i l 1989
Private Financial

Private Financial

Institutions

26

Institutions

S e c t o r B a l a n c e S h e e t s with T a n g i b l e A s s e t s at C u r r e n t C o s t
Year-End Outstandings

Year-End Outstandings

Private Financial
1 Tangible assets
N o n r e s . plant 8 e q u i p m e n t
2
Land
3
4 Total financial assets
5
6
7
8
9
10

C h e c k a b l e dep. 8 c u r r e n c y
S m a l l time 8 s a v i n g s dep.
M o n e y m a r k e t fund s h a r e s
L a r g e time d e p o s i t s
F e d . funds 8 s e c u r i t y RPs
Foreign deposits

11
12
13
14
15
16

Corporate equities
Credit market instruments
U.S. T r e a s u r y s e c u r i t i e s
Federal agency securities
S t a t e 8 local o b l i g a t i o n s
C o r p o r a t e 8 f o r e i g n bonds

Institutions

4,,270
3,
,770
500

4,.452
3,
.919
533

4,,793
4, 184
,
609

292,.717

313,,267

339,.986

5,.910
53

6,
,505
129

6,
.675
170

221

315

3,
.401
3,
,020
381

3,
-785
3.
.351
434

271,,809
5,,268
50
271
-

-

-

8 ,065
2 3 2 ,041
106,,041
,104
2 !
10,
,173
31,,949

9,
.412
248,.504
99,.384
.892
1,
.506
12,
34,,274

10,
,257
264,,184
95,,972
,830
1,
14,
,125
37,,918

5,
,174
,441
4,
733

5,.997
5,.113
884

6 ,928
5 ,841
,087
1,

1
2
3

362,,590

394,,484

427,.788

453,,325

4

6,
,977
205

,303
7,
283

.687
7,
348

7, 8 1 9
431

388

448

553

572

590

-

-

-

-

5
6
7
8
9
10

11,.866
287,.587
98,.087
2,. 187
15,.776
42,,874

12,
,941
307,,431
98,,466
,
3, 760
,841
17,
4 7 ,602

17 ,728
332 ,707
103 ,728
3 ,685
21 ,260
51 ,873

17
18
19
20
21
22

Mortgages
C o n s u m e r credit
Bank loans n . e . c .
O p e n - m a r k e t paper
O t h e r loans
C u s t . liab. on a c c e p t a n c e s

43 ,178
12 ,931
20,,408
499
4 ,486
272

52,,164
16,
,209
26,,120
686
4,
,875
394

59,,934
,879
16,
30,,725
,025
1,
5 ,286
490

67,,517
20,,801
32,,737
,276
1,
5,,840
492

75 ,806
2 4 ,507
31 ,545
,165
1,
6 ,166
573

8 6 ,499
25 ,510
31 ,747
1 , 147
6 ,385
873

23
24
25
26

S e c u r i t y credit
V a u l t cash 8 comm. bank res.
Trade credit
M i s c e l l a n e o u s finan. a s s e t s

3 ,658
18 ,578
723
3 ,155

4 ,453
19,
,855
740
3,
,569

4,
,132
2 2 ,753
850
4 , 142

4,,865
22,,703
948
4,,784

5 ,729
2 2 ,672
1 ,006
:
5 ,181

7 ,526
21 ,345
1 ,064
5 ,975

-

24,,144
357 ,182
96 ,028
3 ,156
22 ,825
54 ,857

25,.946
379,.250
91,,684
,864
2,
24,, 140
58,,683

11
12
13
14
15
16

100 ,739
31 ,706
39 ,235
942
7 ,052
642

112 ,799
34 ,872
44 ,869
1 ,007
7 ,365
967

17
18
19
20
21
22

8 ,023
22 ,320
1 ,291
7 ,655

23
24
25
26

8 ,645
21 ,687
1 , 156
6 ,367

27 T o t a l a s s e t s

275 • 210

296 ,502

317,,537

344,,438

3 6 7 ,383

399 ,658

433 ,785

460 ,253 27

28 Total liabilities

2 4 8 ,828

267,,497

286 ,945

311,,652

332 ,626

359 ,921

390 ,042

413 ,736 28

29
30
31
32
33

Checkable deposits
S m a l l time 8 s a v i n g s dep.
M o n e y m a r k e t fund s h a r e s
L a r g e time d e p o s i t s
Fed. funds 8 security RPs

90 ,329
64 ,861

95 ,924
67 ,322

102 ,743
72 ,303

107 ,902
80,,167

108 ,025
8 8 ,446

112 ,538
97 ,808

114 ,678
106 ,581

4 ,294
-82

4 ,576
-61

4 ,546
7

4 ,874
22

5 ,824
37

7 ,011
-20

6 ,693
-205

116 ,493 29
116 ,213 30
31
6 ,489 32
-210 33

34
35
36

Life insurance reserves
P e n s i o n fund r e s e r v e s
Interbank c l a i m s , net

46 ,444
15 ,092
2 ,133

51 ,635
2 0 ,367
3 ,376

5 4 ,480
2 4 ,184
,420
3,

5 7 ,388
2 8 ,538
3 ,251

60 ,389
33 ,295
3 ,142

63 ,459
40 ,498
4 ,290

66 ,626 34
45 ,679 35
4 ,655 36

37
38
39
40
41
42
43

M u t u a l fund s h a r e s
Credit market instruments
C o r p o r a t e bonds
Mortgages
Bank loans n . e . c .
O p e n - m a r k e t paper
O t h e r loans

3 ,070
4 ,468
1 ,355

3 ,344
6 ,354
1 ,735

3 ,481
6 ,953
2 ,023

3 ,931
8 ,198
2 ,280

4 , 146
9 ,899
3 ,681

6,109
10 ,094
3 ,604

7 ,838
13 ,943
4 ,528

1 ,735
951
427

2 ,697
1 ,112
810

2 ,460
1 ,559
911

3 ,139
1 ,915
864

3 ,044
2 ,222
952

3 ,250
2 ,373
867

5 ,611
2 ,38 7
1 ,417

9 ,046 37
14 ,796 38
5 ,609 39
40
5 ,110 41
2 ,849 42
1 ,228 43

44
45
46
47

S e c u r i t y debt
T r a d e debt
Taxes payable
Miscellaneous liabilities

2 ,588

2 ,960

2 ,681

3 ,056

3 ,445

4 ,450

4 ,746

708
14 ,923

868
16 ,330

1 ,098
17 ,755

1 ,434
19 ,984

1 ,903
21 ,724

1 ,634
23 ,471

1 ,260
26 ,261

4 ,158 44
45
1 ,452 46
28 ,339 47

4 8 Net w o r t h
49
A p p r o x i m a t e share stock cos.
A p p r o x i m a t e share other cos.
50

26 ,382
2 0 ,206
6 ,176

29 ,005
21 ,715
7 ,290

30 ,592
2 2 ,752
7 ,840

32 ,786
2 4 ,590
8 ,196

34 ,757
25 ,704
9 ,053

39 ,737
29 ,500
10 ,237

43 ,743
31 ,791
11 ,952

46 ,517 48
33 ,459 49
13 ,058 50

51 M a r k e t value of e q u i t i e s
52 T o t a l fin. inst. real estate

24,017
2,624

24,834
2,845

26,879
3,134

30,669
3,199

28,754
3,376

33,991
3,666

37,562
4,284

37,154 51
4 , 9 6 8 52

Data are in m i l l i o n s of d o l l a r s .




49 , 080
17 ,511
3 ,289

April 1989
Private F i n a n c i a l

Institutions

Private Financial

Institutions

S e c t o r B a l a n c e S h e e t s with T a n g i b l e A s s e t s at C u r r e n t C o s t
Year-End O u t s t a n d i n g s

2 ~J
Year-End Outstandings

1960
Private Financial

1961

1962

1965

1964

Institutions

1
2
3

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

11 ,338
8 ,898
2 ,440

12 ,237
9 ,615
2 ,622

4

477 ,286

5 2 3 ,782

5 5 9 ,227

5 9 7 ,933

657 ,774

706 ,762

772 ,288

5
6

8 ,077
500

8,717
668

8 ,554
724

8 ,937
721

10 ,044
877

10 ,981
960

11 ,048
1 ,023

11 ,267
1 ,118

8
9

624

827

806

846

1 ,045

1 ,119

1 ,164

1 ,342

11
12
13
14
15
16

25 ,530
402 ,523
90 ,685
3 ,351
26 ,449
65 ,157

36 ,361
435 ,206
99 ,556
3 ,942
30 ,508
70 ,687

4 2 ,634
4 6 3 ,895
92 ,640
3 ,138
32 ,791
74 ,907

46
497
94
4
34
79

,239
,764
,274
,022
,835
,545

61 ,385
5 3 7 ,135
100,520
4 ,840
38 ,685
8 4 ,913

58 ,089
584 ,761
101 ,974
6 ,730
44 ,443
90 ,872

70 ,821
634 ,360
98 ,428
7 ,237
48 ,825
96 ,860

83
692
99
8
52
103

17
18
19
20
21
22

121 ,385
37 ,445
46 ,746
1 ,319
8 ,679
1 ,307

133 ,645
37 ,567
47 ,263
1 ,797
9 ,047
,194
1,

148 ,301
43 ,670
53 ,930
2 ,468
10 ,899
1 ,151

161 ,
,284
48 ,423
57 ,529
2:
,405
13:
,420
2:,027

177 ,338
5 0 ,688
60 ,636
2 ,707
14 ,125
,683
2:

197 ,873
55 ,639
66 ,643
3 ,141
14 ,796
2 ,650

223,583
62 ,972
73 ,763
3 ,170
16 ,632
2 ,890

2 4 9 ,213
71 ,292
8 2 ,086
3 ,577
18 ,707
3 ,385

23
24
25
26

7,,726

22 ,369
,
1 ,451
8 ,486

9 ,172
21,753
,599
1:
9 ,479

9 ,414
21 ,186
1 ,782
:
10 ,232

9:
,615
20:,427
:
1 ,934
11 ,450
:

11 ,772
:
21 ,076
1 ,993
:
12:,447

12 ,423
21 ,973
2 ,201
14:
,255

27

484 ,877

531:,942

568:,131

607:,488

668 :
,058

-

15
21
2
15

13 ,727 T a n g i b l e a s s e t s
10 ,843
N o n r e s . plant 8 e q u i p m e n t
2 ,884
Land
847 ,463 Total financial assets
,463

,861
,435
,740
,111
,403
,921

,083
,308
,332
,149

15 ,045
22:,382
2:,484
17:
,529

718 ,100

784 ,525

1
2
3
4

C h e c k a b l e dep. 8 c u r r e n c y
S m a l l time & s a v i n g s dep.
M o n e y m a r k e t fund shares
L a r g e time d e p o s i t s
F e d . funds 8 s e c u r i t y RPs
Foreign deposits

5
6
7
8
9
10

Corporate equities
C r e d i t market i n s t r u m e n t s
U.S. T r e a s u r y s e c u r i t i e s
Federal agency securities
S t a t e 8 local o b l i g a t i o n s
C o r p o r a t e 8 foreign bonds

11
12
13
14
15
16

Mortgages
17
C o n s u m e r credit
18
Bank loans n . e . c .
19
O p e n - m a r k e t paper
20
Other loans
21
C u s t . liab. on a c c e p t a n c e s 22

8 6 1 ,190

28

437 i
,348

4 7 8 ,920

511 :
,408

547!,071

600,,370

647:,290

709 ,738

115:,841
128 ,299

.409
121 :
142:,572

122 ,979
154:,096

125,022
165,.818

130:,140
184 ,
,107

134:,711
209:,910

136:,925
235: 4 9 9

143,,641
261,,152

32
33

6,
>701
-313

9 ,290
-252

7:
,552
-28

11,.119
-262

13,,569
14

16 4 0 8
63

20:,353
26

25, 119
540

34
35
36

69:,277
51 ,
,332
4 ,159
i

72:,294
60:,436
4:,264

75:,606
69 ,246
5:, 144

78, 758
76, 728
5, 780

82:• 112
8 8 , 649
7, ,010

85:,754
93:,639
,849
6:

89:,860
106 ,041
6:
,844

94,,172
120: 821
6:.864

37
38
39
40
41
42
42

8,,714
16:,376
,354
6:

13:,241
15:,655
6:
,556

15:,818
19:•358
7,
,733

17, 026
22, 985
9, 112

22, 8 7 5
24, 8 6 9
9, 2 6 2

21 :
,271
27: 943
9,
,222

5:.113
3,
,644
1265
1,

4i
,406
•
3: 395
,
1 ,298

5,,441
4,.050
2,,134

6, 117
5, 775
1, 981

6, 643
6,,302
2, 662

44
45
46
47

4,,287

4, 8 4 8

4,.887

5, 382

635
1 .
31,i 040

1 .698
,
33,,465

1 ; 7
38
35,.363

2, 364
36, 351

48
49
50

4 7; 5 2 9
33, 571
13, 958

53,• 022
37, 469
15, 553

56, 723
40, 054
16, 669

51
52

45, 58 6
5, 481

59, 559
5, 970

73, 182
6, 5 4 4

23
24
25
26

Checkable deposits
S m a l l time 8 s a v i n g s dep.
M o n e y m a r k e t fund shares
L a r g e time d e p o s i t s
F e d . funds 8 security RPs

29
30
31
32
33

Life insurance reserves
P e n s i o n fund r e s e r v e s
Interbank c l a i m s , net

34
35
36

M u t u a l fund shares
C r e d i t market i n s t r u m e n t s
C o r p o r a t e bonds
Mortgages
Bank loans n.e.c.
O p e n - m a r k e t paper
O t h e r loans

37
38
39
40
41
42
43
44
45
46
47

779:,874

29
30

S e c u r i t y credit
V a u l t cash 8 comm. bank res.
T r a d e credit
M i s c e l l a n e o u s finan. assets

Data are in m i l l i o n s of d o l l a r s .




25:• 214
33: 4 7 2
10,,530

29: 116
38: 8 4 7
12,.834

7, ,764
7 =4 7 8
3,
,479

9,
,417
8,,741
4,,784

9, 952
10, 736
5, 325

6, 256

,066
7,

7,,739

8 , 377

1 ,
392
39, 377

1. 947
41 ,729

,548
1,
46, 2 1 7

1, 759
49, 4 6 6

S e c u r i t y debt
T r a d e debt
T a x e s payable
Miscellaneous liabilities

60, 4 1 7
42, 324
18, 093

67, 688
47, 716
19, 972

70, 8 1 0
48, 8 1 2
21, 998

74,.787
51 ,747
23, 040

8 1 ,,316
55, 8 6 9
25, 4 4 7

A p p r o x i m a t e share stock cos. 49
A p p r o x i m a t e share other cos. 50

75, 8 7 4
7, 075

117, 925
7, 767

90, 529
8 , 617

110, 586
9, 345

118, 184
10, 376

51
52

A p r i l 1989
Private Financial

Private Financial

Institutions

Institutions

S e c t o r B a l a n c e S h e e t s with T a n g i b l e A s s e t s at C u r r e n t C o s t

28

Year-End Outstandings

Year-End Outstandings

Private Financial

Institutions

15, 576
12, 4 6 0
3, 116

17, 4 7 7
14, 188
3, 2 8 9

19, 185
15, 935
3, 2 5 0

2 2 , 124
18, 753
3, 371

2 4 , 931
2 1 , 340
3, 591

27,821
2 4 , 097
3, 724

31, 445
2 7 , 538
3, 907

34, 772
30, 677
4 , 095

1
2
3

928, 715

976, 782

1078, 4 5 9

1186, 778

1242, 4 5 5

1342, 142

1514, 743

1746, 297

4

11, 665
1, 126

11, 320
1, 037

11, 658
1, 133

12, 346
1, 053

12, 007
832

12, 465
1, 040

13, 340
1, 492

15, 109
8
1 , 05

5
6

1, 337

1, 4 2 9

2 , 092

2 , 253
107

1, 8 5 3
336

2, 8 2 6
442

4, 721
1, 168

6, 773
1, 667

8
9
10

99, 136
754, 5 1 7
95, 561
9, 119
57, 099
111, 655

94, 8 1 5
8 0 2 , 366
92, 118
10, 727
59, 718
120, 8 8 6

122, 8 0 8
8 6 5 , 713
96, 182
14, 090
70, 160
133, 310

145, 755
940, 2 9 6
98, 701
17, 021
79, 689
142, 2 1 7

141, 746
999, 2 3 3
8 5 , 087
18, 8 2 2
81 ,2 3 8
150, 4 5 3

151 =178
1077,,060
91,,990
25, 661
93,.798
163,,518

196,,720
1185,.467
91,.129
33,,841
110,,375
177,,512

238, 903
1339, 240
93, 936
44, 543
122, 126
194, 172

11
12
13
14
15
16

274, 728
80,• 223
98,.019
3 ,511
21,.210
3,
.392

292, 558
86,.037
107,.672
5, 324
23,.723
.603
3,

310, 681
91 ,
.014
114, 197
7, 446
24, 316
4,.317

333, 355
101 ,676
127, 8 9 9
7, 514
27, 796
4 ,4 2 8

355, 063
111,.592
145,. 151
11,,092
35,.284
5,.451

375,,439
115,,495
,530
151 ,
,694
14,
37,,877
,058
7,

416,,425
128 ,691
162 ,912
16 ,471
40,,222
,889
7,

.263
15,
23,,298
,649
2,
,724
19,

.824
15,
25,,244
,898
2,
21,,849

20, 4 9 8
27,.023
3,
.176
24,,358

24,.659
29,.054
3, 476
27,.779

20,.021
29,• 4 05
3,
.898
33,.124

20,,174
31 ,197
,
4 ,370
41 ,390

2 7 T o t a l assets

944,,291

994,,259

1097,,644

1208,,902

1267,,386

1369 ,963

1546 ,188

1781,,069 27

28 T o t a l l i a b i l i t i e s

8 5 7 ,311

905 ,418

,825
1001 ,

1104,,725

1164,,711

1268 ,155

1434 ,324

1660 ,847 28

190 ,202
4 1 2 ,241

203 ,402
4 8 0 ,509
68 ,115
8 ,666

223 ,190 29
550 ,038 30
31
8 6 ,914 32
11 ,259 33
136,,349 34
297 ,948 35
10 ,730 36

1 Tangible assets
N o n r e s . plant 8 e q u i p m e n t
2
Land
3
4 Total

financial assets

5
6
7
8
9
10

C h e c k a b l e dep. 8 c u r r e n c y
S m a l l time 8 s a v i n g s dep.
M o n e y m a r k e t fund s h a r e s
L a r g e time d e p o s i t s
F e d . funds 8 s e c u r i t y R P s
Foreign deposits

11
12
13
14
15
16

Corporate equities
Credit market instruments
U.S. T r e a s u r y s e c u r i t i e s
Federal agency securities
S t a t e 8 local o b l i g a t i o n s
C o r p o r a t e 8 foreign b o n d s

17
18
19
20
21
22

Mortgages
C o n s u m e r credit
Bank loans n . e . c .
O p e n - m a r k e t paper
Other loans
C u s t . liab. on a c c e p t a n c e s

23
24
25
26

S e c u r i t y credit
Vault cash 8 comm. bank res.
Trade credit
M i s c e l l a n e o u s finan. a s s e t s

-

'

23
35
4
48

,525
,329
,661
,320

476,.724
147,. 121
189,.023
19, 332
45,.365
6, 898

17
18
19
20
21
22

32,,056
34 ,
,295
5,
,842
70,,607

23
24
25
26

29
30
31
32
33

Checkable deposits
S m a l l time 8 s a v i n g s dep.
M o n e y m a r k e t fund s h a r e s
L a r g e time d e p o s i t s
F e d . funds 8 s e c u r i t y R P s

148 ,953
2 8 8 ,408

150 ,759
306,429

162 ,896
341 ,129

176,,210
367 ,734

180 ,864
381 ,736

31 ,033
1 ,749

33 ,356
1 ,674

39 ,269
1 ,659

46 ,009
2 ,586

30 ,485
8 ,707

54 ,692
4 ,650

34
35
36

Life i n s u r a n c e r e s e r v e s
P e n s i o n fund r e s e r v e s
Interbank c l a i m s , net

98 ,863
135 ,770
6 ,794

103 ,450
144 , 150
10 ,552

108 ,325
165 ,020
11 ,000

113 ,138
185 ,427
14 ,976

118 ,110
194 ,62 3
2 2 ,241

123 • 345
2 1 3 ,291
17 ,277

129 ,626
247 ,524
11 ,925

37
38
39
40
41
42
43

M u t u a l fund shares
Credit market instruments
C o r p o r a t e bonds
Mortgages
Bank loans n . e . c .
O p e n - m a r k e t paper
Other loans

35,220
45 ,267
15 ,051

34 ,829
49 ,072
15 ,275

44 ,307
4 7 ,968
15 ,954

12 ,290
11 ,929
5 ,997

11 ,200
15 ,662
6 ,935

9 ,217
18 ,411
4 ,286

51 ,232
53 ,946
16 ,400
200
10 ,691
21 ,396
5 ,259

4 7 ,587
70 ,807
17 ,226
430
11 ,112
32 ,750
9 ,289

46 ,811
76 ,756
21 ,002
546
11 ,526
33 ,067
10 ,615

55 ,446
81 ,419
25 ,906
680
13 ,050
33 ,847
7 ,936

44
45
46
47

S e c u r i t y debt
Trade debt
T a x e s payable
Miscellaneous liabilities

8 ,737

9 ,576

12 ,745

16 ,199

13 ,173

14 ,153

15 ,299

2 ,479
112 ,258

2 ,443
129 ,950

19 ,502 44
45
2 ,450 46
167 ,209 47

48 Net worth
A p p r o x i m a t e share stock cos.
49
A p p r o x i m a t e share other cos.
50

58 ,926
96 ,332
32 ,953
1 ,160
19 ,520
34,720
7 ,979

27
38
39
40
41
42
43

1 ,786
5 4 ,731

1 ,741
59 ,830

1 ,548
65 ,949

1 ,708
75 ,560

1 ,894
94 ,484

8 6 ,980
57 ,989
28 ,991

8 8 ,841
58 ,009
30 ,832

95 ,819
61 ,882
33 ,937

104 ,177
66 ,357
37 ,820

102 ,675
65 ,609
37 ,066

101 ,808
63 ,679
38 , 129

111 ,864
67 ,972
43 ,892

120 ,222 48
70 • 583 49
49 ,639 50

154 ,980
11 ,537

139 ,277
12 ,686

167 ,022
15 ,250

2 3 8 ,394
14 ,995

2 1 3 ,170
16 ,892

204 -308
18 ,621

237 ,203
20 ,896

272 ,367 51
22 ,709 52

Memo:
51 M a r k e t value of e q u i t i e s
52 Total fin. inst. real estate
Data are in m i l l i o n s of d o l l a r s .




April 1989
Private F i n a n c i a l I n s t i t u t i o n s

Private Financial

Insti tutions

S e c t o r B a l a n c e S h e e t s with T a n g i b l e A s s e t s at C u r r e n t C o s t

29

Year-End O u t s t a n d i n g s

1973

Year-End Outstandings
1974

1975

1976

Private Financial
1
2
3
4
5
6
7
8
9
10

40:, 124
35 , 778
4 >346
1900 >569

1978

1979

49 ,804
44 ,950
4 ,854

5 4 ,669
5 0 ,140
4 ,529

61 ,083
56 ,408
4 ,675

69 ,038
64 ,100
4 ,938

8 2 ,312
76 ,641
5 ,671

92 ,098
8 6 ,374
5 ,724
3604 ,475

2 0 1 0 ,216

2 2 4 5 ,074

2 5 0 7 ,344

2 7 9 4 ,489

3195 ,538

15 , 632
1 ,611
:

16 ,068
1 ,895

17 ,922
2 ,124

18 ,916
2 ,073

7 ,906
3 ,709

13 ,722
6 ,107

2 2 ,998
5 ,059

21 ,094
6 ,682

21 ,069
2 ,517
244
2 4 ,856
9 ,688
14

23 ,961
1 ,766
762
35 ,964
11 ,488
470

-

,514
,884
,245
,218
,457
,976

160 ,149
1652:,332
81 ,325
65:,487
138 ,595
223:,654

218
1782
122
76
146
255

,956
,101
,277
,269
,332
,971

253
1984
163
85
159
281

,735
,355
,415
,466
,448
,829

17
18
19
20
21
22

5 4 2 ,307
170 ,287
237 ,815
20 :
,164
52:,523
8 ,892

580:,302
178:,896
278:,677
26:,887
60:,025
18:
,484

614
183
265
34
65
18

,250
,666
,232
,030
,347
,727

677
204
271
42
75
22

23
24
25
26

24 ,300
37:,748
6 ,485
85:,780

20,546
37:,483
7 ,020
94:,894

27

1940:,693

28
29
30
31
32
33

11
12
13
14
15
16

1977

206
1510
83
57
131
206

1980

Institutions

246
2240
165
101
182
316

26
2
2
48
16
5

,948
, 121
,182
,452
,988
,109

105 ,837 T a n g i b l e a s s e t s
99,350
N o n r e s . plant 8 e q u i p m e n t
6 ,487
Land
4 0 4 0 ,364 T o t a l f i n a n c i a l a s s e t s
30 ,198
2 ,850
4 ,491
62 ,023
2 0 ,885
6 ,769

1
2
3
4

C h e c k a b l e dep. 8 c u r r e n c y
S m a l l time 8 s a v i n g s dep.
M o n e y m a r k e t fund shares
L a r g e time d e p o s i t s
F e d . funds 8 s e c u r i t y RPs
Foreign deposits

5
6
7
8
9
10

Corporate equities
Credit market instruments
U.S. T r e a s u r y s e c u r i t i e s
Federal agency securities
State 8 local obligations
C o r p o r a t e 8 foreign bonds

11
12
13
14
15
16

,107
,270
,273
,503
,427
,805

2 8 0 ,918
2 5 4 2 ,563
158 ,972
122 ,878
2 0 8 ,659
351 ,
,725

324 ,991
2852:,734
161:,340
147:,094
229,,035
378,,727

404
3140
203
180
252
414

,614
,384
,641
,275
,915
,049

,171
,452
,908
,849
,294
,523

773 ,240
240:,794
3 0 0 ,733
43:,328
90:,513
25:,654

8 8 0 ,529
284:,326
359:,456
46:,523
104:,557
24,,938

978 ,889
323,,580
409,,715
72,,535
119,,354
32,,465

1042
326
456
94
130
39

,239
,004
,951
,443
,077
,790

23 ,634
38 ,304
7 ,668
126:,308

34:,166
37 ,279
8 ,878
140:,166

38,,419
40:,792
10 ,176
160,,337

38 ,170
46,,693
11 ,656
,
201 , 127

37,• 612
48,,280
13,
,591
225,,467

45
47
15
259

,661
,263
,575
,651

2060:,020

2 2 9 9 ,743

2 5 6 8 ,427

2 8 6 3 ,527

3277,,850

3696,,573

4 1 4 6 ,201 T o t a l a s s e t s

27

1816:,980

1940:,062

2 1 8 3 ,179

2 4 3 4 ,503

2717,,959

3101,,891

3486,,361

3899 ,568 T o t a l l i a b i l i t i e s

28

236:,121
589 ,205
126:•021
27:,871

236 ,087
626:,798
,379
2,
167,,087
31 ,
,175

244 ,045
724:,657
3 ,696
158:,153
33:,395

258:,265
846:,074
3:
,686
144:,277
49,,450

283,,729
940,,587
3,
,887
172,,579
57,,150

310,,131
1005,,465
10, 8 0 8
•
227,,577
81 ,
,082

337,,717
1065,,076
45,214
256, 8 5 2
98,,569

350:,249
1147:,774
76 ,362
316 ,823
122:,754

Checkable deposits
S m a l l time 8 s a v i n g s dep.
M o n e y m a r k e t fund s h a r e s
L a r g e time d e p o s i t s
F e d . funds 8 s e c u r i t y R P s

29
30
31
32
33

34
35
36

143:,522
302:,483
,887
4:

150:,528
307,,089
4,
,591

158:,474
402:,163
- 7 ,947

167 ,073
461 ,039
-15,
,963

176,,386
507,,452
- 1 9 ,,198

187,,257
601 ,
,737
-8,
,284

197,,675
699,,396
9,
,425

2 0 7 ,364
8 3 9 ,642
- 2 2 :,524

Life i n s u r a n c e r e s e r v e s
P e n s i o n fund r e s e r v e s
I n t e r b a n k c l a i m s , net

34
35
36

37
38
39
40
41
42
43

46,,635
123 ,449
,393
37,
,480
1,
27 ,757
41 :
,672
15,
,147

35 ,151
150 ,686
40:,473
1 ,649
:
31,,641
55,,119
,804
21 ,

43 ,034
151 ,739
:
47 ,361
2:,028
2 8 • 076
56,,429
,845
17,

46:• 510
159 ,593
53:,872
2 ,416
24:,985
62:,458
15,
,862

45 • 490
188 ,217
65,,837
2,,428
,645
24 ,
75,,134
20,,173

46, 049
223,,821
73,,686
,960
1,
26,,428
89,,077
32,,670

51,,788
265,,777
79,,148
,950
1,
26, 927
115,,914
41 ,
,838

61 ,808
2 8 6 ,386
80:,765
1:
,910
25,,909
128,• 8 3 9
48,,963

M u t u a l fund s h a r e s
Credit market instruments
Corporate bonds
Mortgages
B a n k loans n . e . c .
O p e n - m a r k e t paper
Other loans

37
38
39
40
41
42
43

44
45
46
47

,075
16,

13,
,150

16,
,034

23,,385

25,,297

25,,644

26, 712

33,,405

,608
2,
198,,103

•
2, 693
212,,648

2,,437
253,,299

2,,960
288,, 154

3,
.884
332,,499

4,,839
385,,765

4, 986
427,.174

3. 662
•
475,,863

S e c u r i t y debt
T r a d e debt
Taxes payable
Miscellaneous liabilities

44
45
46
47

48
49
50

123, 713
71 ,955
51, 758

119,958
64 ,4 9 6
55, 4 6 2

116,,564
58,,490
58,,074

133,,924
67,,824
66,,100

145, 568
68,,319
77,,249

175,,959
74,,834
101 ,
,125

210,.212
96, 5 5 4
113, 658

246,,633 Net w o r t h
120,,725
Approximate
125,,908
Approximate

51
52

212, 964
25, 039

133,.602
29,, 122

155, 5 6 3
29,,690

208,,193
31,,387

191 ,8 9 8
33, 985

198, 157
40,.040

231, 327
41 ,5 0 2

259, 984 M a r k e t value of e q u i t i e s
45,,801 T o t a l fin. i n s t . real estate

Mortgages
17
Consumer credit
18
Bank loans n . e . c .
19
O p e n - m a r k e t paper
20
O t h e r loans
21
C u s t . liab. on a c c e p t a n c e s 22
S e c u r i t y credit
V a u l t cash 8 c o m m . bank res.
Trade credit
M i s c e l l a n e o u s f i n a n . assets

23
24
25
26

48
share stock cos. 49
s h a r e other cos. 50

Memo:

Data are in m i l l i o n s of d o l l a r s .




51
52

A p r i l 1989
Private Financial

Institutions

30

Private Financial

Institutions

Sector B a l a n c e S h e e t s with T a n g i b l e A s s e t s at C u r r e n t C o s t

Year-End Outstandings

Year-End Outstandings

Private Financial
1 Tangible assets
2
N o n r e s . plant 8 e q u i p m e n t
3
Land
4 Total financial assets
5
6
7
8
9
10

C h e c k a b l e dep. 8 c u r r e n c y
S m a l l time 8 s a v i n g s dep.
M o n e y mark et fund s h a r e s
L a r g e time d e p o s i t s
F e d . funds 8 s e c u r i t y R P s
Foreign deposits

11
12
13
14
15
16

Corporate equities
Credit market instruments
U.S. T r e a s u r y s e c u r i t i e s
Federal agency securities
S t a t e 8 local o b l i g a t i o n s
C o r p o r a t e 8 foreign b o n d s

17
18
19
20
21
22

Mortgages
C o n s u m e r credit
Bank loans n.e.c.
O p e n - m a r k e t paper
Other loans
C u s t . liab. on a c c e p t a n c e s

23
24
25
26

S e c u r i t y credit
V a u l t cash & comm. bank res.
T r a d e credit
M i s c e l l a n e o u s finan. a s s e t s

Institutions

120 ,073
112 ,741
7 ,332

129 ,202
121 ,513
7 ,689

136 ,757
128 ,580
8 ,177

155 ,041
145 ,668
9 ,373

171 ,424
160 ,940
10 ,484

198 ,222
186 ,405
11 ,817

225,.224
211, 704
13,.520

2 5 5 ,278
240 ,193
15 ,085

1
2
3

4 4 5 8 ,776

9646 ,017

4

4 9 2 0 ,197

5 5 0 4 ,558

6229 ,203

7129 ,946

8 1 8 9 ,604

8 8 4 8 , 538

,448
•
,231
,122
,383
,247
,846

39 ,773
5 ,699
11 ,367
104 ,534
49 ,137
23,,759

41 ,939
7 ,313
9 ,890
99 ,306
57 ,017
21 ,911

4 4 ,465
6 ,940
15 ,093
97 ,701
79 ,460
21 ,213

59 ,007
9 ,565
16 ,475
104 ,202
92 ,953
19 ,027

74 ,333
12 ,851
23 ,257
123 ,298
101 ,979
2 2 ,168

72,.557
12,,931
,044
19,
146,,255
106,,435
,612
21 ,

394 ,616
3467:,892
2 4 3 ,929
,145
224 :
265,,051
441,,648

4 7 8 ,306
3716,,832
322,,268
285 ,104
2 8 6 ,774
471 ,978

611
4111
387
354
301
512

,974
,167
,466
,288
,717
,113

615
4690
463
397
325
581

,638
,986
,917
,368
,791
,163

799
5264
524
450
422
667

,994
,409
,037
,407
,515
,512

972
6009
635
611
466
789

,190
,519
,937
,586
,935
,937

,680
1021 ,
6593,,679
655,,675
755,,606
455,,427
938,,940

1153
7164
669
820
470
1081

,180
,130
,399
,109
,674
,975

11
12
13
14
15
16

1092,,163
342,,607
509,,255
149,,442
148,,588
51,,084

1084,,958
358 ,973
526,,814
167,,159
153,,985
58,,819

1181
403
556
177
170
65

,437
,935
,473
,512
,554
,672

1328
483
613
224
204
69

,494
,145
,240
,389
,047
,432

1462 ,176
5 6 3 ,659
652 ,585
2 3 2 ,332
2 2 9 ,214
59,,972

1599
617
721
260
251
54

,417
,568
,610
,652
,475
,402

1777,,189
655,,308
720,,814
288,.799
285,.044
60,.877

1945,068
701 ,406
756 ,372
349 ,163
316 ,580
53 ,384

17
18
19
20
21
22

52,,006
46,,021
20,,242
372,,521

62
42
22
416

,838
,442
• 239
,522

66
46
25
520

,289
,057
,000
,361

96,,137
54,,168
27.,190
586,,819

76, 209
6 6 .642
,
35,.651
675, 8 4 3

8 2 ,865
65:,781
39 ,058
724,,807

23
24
25
26

33
3
12
84
37
18

49,,232
43,,851
18,
,117
295,• 791

97 ,060
73,759
32 ,062
647 , 128

8 0 ,049
5
6
11 ,072
15 ,850
7
165 ,999 8
113 ,532
9
29 ,694 10

2 7 T o t a l assets

4578,,849

5049,,399

5641 ,315

6 3 8 4 ,244

7301,,370

8 3 8 7 ,826

9073, 762

9901,,295 27

28 Total liabilities

4330,,007

4795,,451

5 3 7 0 ,593

6 0 5 7 ,848

6927,,428

7 9 4 2 ,549

8583, 834

9369,,308 28

29
30
31
32
33

Checkable deposits
S m a l l time 8 s a v i n g s dep.
M o n e y m a r k e t fund s h a r e s
L a r g e time d e p o s i t s
F e d . funds 8 s e c u r i t y RPs

367,,269
1195,• 586
186,, 158
378,,116
152,,511

394 ,
,790
1334,,287
219,,837
395,,450
184,,521

422
1550
179
382
196

459
1701
233
469
237

,266
,578
,554
,790
,636

526,,170
1842,,740
243,,802
487,,687
267,,353

640
1962
292
492
319

628,, 185
2039,.574
316, 095
543,.285
323, 497

649,,861
2141 •
,874
337 957
592,,947
387 ,443

34
35
36

Life insurance reserves
P e n s i o n fund r e s e r v e s
Interbank c l a i m s , net

2 1 6 ,308
910,,736
- 6 8 ,,812

223, 2 7 9
1081 ,
,288
- 1 0 2 ,.150

231 ,100
1280 ,083
- 9 9 ,037

2 3 6 ,066
1402 ,033
- 8 9 ,417

2 4 6 ,507
1652,,844
- 6 8 ,,983

2 6 3 ,728
1888 ,117
- 6 1 ,929

289, 464
2 0 5 9 , 765
- 2 0 , 821

302,,000 34
2363,,309 35
,23,6 36
-17,

37
38
39
40
41
42
43

M u t u a l fund shares
Credit market instruments
C o r p o r a t e bonds
Mortgages
Bank loans n.e.c.
O p e n - m a r k e t paper
Other loans

59,,841
340,• 917
85,,172
,930
1,
27,,102
161 ,
.519
65,,194

44
45
46
47

S e c u r i t y debt
T r a d e debt
T a x e s paya ble
Miscellaneous liabilities

36,,496

4 8 Net worth
49
A p p r o x i m a t e share stock cos.
50
A p p r o x i m a t e share other cos.

76,.851
369 505
98,.316
2,.043
28,,970
174,.175
66 •001
39,,534

,174
,855
,393
,439
,359

,793
,606
,109
,707
,567

29
30
31
32
33

112 , 121
401 ,182
115 ,844
,068
2,
2 8 ,854
195 • 4 6 3
5 8 ,953

136
475
148
2
29
219
74

,679
,016
,872
,479
,518
,526
,621

240,,230
573,,431
197,,454
2,,668
32,,078
252,,396
88,,835

4 1 3 .473
700 ,516
2 6 8 ,402
,747
2,
36:,090
284,632
108 ,645

460, 144
8 3 6 , 339
335, 619
3, 126
4 0 , 779
323, 757
133, 058

475, 202
940, 201
372,,891
3,
,037
34,,616
376 ,876
152,,781

37
38
39
40
41
42
43

70:,912
5 ,700
2:
,347
1116:,791

44
45
46
47

1 ,951
,
552,,930

2,.071
576,, 188

43,,654
1 ,023
•
1 ,714
,
667 ,533

5 0 ,526
1 ,545
1 ,406
742 ,170

74,,409
2,,336
,877
1,
8 3 7 ,,025

76 ,096
3 ,396
1 ,927
949 ,443

63, 945
3, 221
1, 666
1039, 475

248,,842
119,.716
129,,126

253: 948
120,• 636
133, 312

270,,722
126,,642
144,,080

326 ,396
179 • 030
147,,366

373,,942
211 ,
,262
162,.680

445 ,277
248,,340
196,,937

4 8 9 , 928
2 3 7 , 905
2 5 2 , 023

531 ,987 48
209:,238 49
322:,749 50

272, 455
50, 463

319, 396
51,.624

356-.976
54,,900

376,,481
61,,444

5 2 1 ,.769
68, 728

564,,471
77,,468

4 6 6 , 181
8 8 , 633

502,.176 51
98,,888 52

Memo:
51 M a r k e t value of e q u i t i e s
5 2 T o t a l fin. inst. real estate
Data are in m i l l i o n s of d o l l a r s .




April 1989
National Net Worth

National Net Worth
Stock-Flow Reconciliation for Consolidated Domestic Net Assets

31

Annual Flows

Annual Flows

1949

1950

1
2
3

61,
,521
36, 113
•
25,,408

8 5 ,849
39 ,458
46 ,391

90,
,342
45,,663
44,,679

4
5

1,
,297
26,,705

- 2 ,249
44,,142

656
45,,335

1953

1954

1955

82,,782
49,,708
33,,074

87,,600
53,,341
34,,259

86,166
57,591
28,575

108,591
60,650
47,941

322
33,,396

- 1 , 728
32,-531

-260
28,315

47,967

1956

Domestic investment flows:

26

110,864 Purchase of physical assets
67,517 - Capital consumption
43,347 = Net capital formation
- 1 , 3 2 3 + Net foreign investment
42,024 a Net investment flows
by domestic sectors

1
2
3
4
5

Adjustments for tangible assets:
961
4,201

43,404
21,757

32,935

18,006

6,060

8,593

2,052
7,684

2,637
15,143

20,998
17,214

-1

Revaluations of reproducible
35,166
tangible assets
28,977 Change in land values
Less: Adjustments of capital consumption
to Balance Sheet basis
Adjustments to net foreign investment:
4,944 Reval. of net foreign claims
Reval. of SDR holdings

6
7
8

9
10

-24

11

-21

3

120

255

-55

483

127

12

-18

24

76

60

-51

256

173

13

31 ,841

110 ,814

95 ,480

49 ,566

44 ,115

46 ,239

8 7 ,652

111 ,256

14

31 ,841

110 ,814

95 ,480

49 ,566

44 ,115

46 ,239

8 7 ,652

111 ,256

14

15
16
17
18
19
20
21

35 ,463
46 ,610
34 ,212
- 2 ,948
3 ,628
10 ,264
,454
1,

102 ,972
158 ,552
101 ,122
20 ,037
,655
11,
,115
23,
,623
2,

95 ,355
139 ,633
92 ,085
12 ,199
9 ,595
24,,167
,587
1,

56 ,982
75 ,315
54 ,223
-491
3 ,495
15,
,894
2 ,194

51,,016
46,,140
26,,819
-1,
,754
3,
,910
15,
,194
1,
,971

54 ,574
135 ,414
110 ,048
2 • 021
3 ,531
14 ,834
4 ,980

85 ,093
151 ,956
109,
,634
3 ,184
7,
,941
27,,191
4,
,006

111 , 189 Private sectors, consolidated
111,189
148 ,779
Sector basis, total
92 ,256
Households
7 ,093
Farm business
11 ,606
Nonfarm noncorp. business
35 ,050
Nonfinancial corp. business
2 ,774
Private finan. institutions

15
16
17
18
19

22
23
24

887
513
374

30,
,289
3,
,829
26,,460

20,,940
,285
1,
19,
,655

3 ,038
-529
3 ,567

,279
2,
-343
2,
,622

5,
,411
-2,
,225
7 ,636

10,
,902
,418
-2,
13,
,320

18 ,202
- 1 ,641
19 ,843

Proprietors' net invest.
Revaluation of equity

23
24

25
26
27

7,
.754
368
,386
7,

23,,944
438
23,,506

22,,493
•529
1,
20,,964

13 ,686
922
12 ,764

-8,
,230
634
-8,
,864

70 ,642
193
70 ,449

49,,545
333
49,,212

17 ,586
965
16 ,621

Net purchases
Revaluation

25
26
27

28
29
30

2,
,506
878
1,
.628

1,
,347
989
358

845
725
120

,609
1,
1 ,378
231

,075
1,
,338
1,
-263

4 ,787
1 ,497
3 ,290

6,
,416
,484
1.
,932
4,

1 ,802
1 ,469
333

Net purchases
Revaluation

29
30

31
32
33
34
35

-5,
,324
-1,
,764
-3,
,573
13

5,
,273
,991
-1,
7,
,238
26

4 ,180
- 1 ,300
,459
5,
21

- 7 ,028
' - 2 ,185
- 4 ,874
31

-8,
,440
,026
-2,
-6,
,431
17

- 9 ,363
-3,
,904
-5, ,473
14

-572
-4,
,243
3, 653
18

• Ch nge in net finan. assets of
934
public sectors
- 3 ,363
State 8 local governments
4 ,284
U.S. government
13
Sponsored credit agencies
Monetary authority

36
37
38

-765
,967
1,
500

-799
1,
,912
1 ,456

- 2 ,682
- 2 ,852
1 ,479

- 1 ,764
- 1 ,111
2 ,487

,410
-2,
1,
,371
,578
2,

- 2 ,658
1 ,182
,
2 ,504

-1, 804
,967
1,
2, 968

,895
1,
-4,
,573
1,
,811

39

785 ,949

896 ,763

992 ,243

1041 ,809

1085,,924

1132,,163

1219, 815

1331,,071

•

-

372,493
Data are in millions of dollars.




9
10

Foreign purchases of
256
U.S. corporate equities
- U.S. purchases of
111
foreign equities
= Net change in consolidated
domestic ,>et worth
By sector:

20
21

• Other adjustments:
Nonfinancial discrepancy
36
Unallocated financial flows 37
Unallocated revaluations
38
Total domestic net assets
at year end

428,212 Memo:

Gross National Product

39
40

A p r i l 1989
N a t i o n a l Net W o r t h

32

N a t i o n a l Net Worth
S t o c k - F l o w R e c o n c i l i a t i o n for C o n s o l i d a t e d D o m e s t i c N e t A s s e t s
Annual Flows

Annual Flows
1963

1959

1964

Domestic investment flows:
1 P u r c h a s e of p h y s i c a l a s s e t s
2 - Capital consumption
3 = Net c a p i t a l f o r m a t i o n
4
5

+ Net f o r e i g n i n v e s t m e n t
= N e t I n v e s t m e n t flows
by d o m e s t i c s e c t o r s

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

134,,670
8 7 ,799
46,,871

144,,905
91,,280
53,,625

156,,473
95,,666
60,,807

1
2
3

4 ,569
42,,392

356
24,,769

- 1 ,878
41 ,322

,805
1,
40,,864

2 ,833
36 ,650

2 ,261
49 ,132

4,,053
57,,678

5,,917
66,,724

4
5

8,775
23,287

4,400
20,330

-2,977
21,842

-1,549
19,318

96
13,739

-5,974
16,434

12,863
22,045

-1

1

117
-

207

786

147

-54

351

203

323

109

225

35

332

195

663

762

969

1,105

678 12

102,,569 14

A d j u s t m e n t s for tangible a s s e t s :
R e v a l u a t i o n s of r e p r o d u c i b l e
6
tangible assets
8,614
7 C h a n g e in land v a l u e s
21,037
L e s s : A d j u s t m e n t s of c a p i t a l c o n s u m p t i o n
8
to B a l a n c e S h e e t b a s i s
-3
A d j u s t m e n t s to net foreign i n v e s t m e n t :
9 R e v a l . of net f o r e i g n c l a i m s
10 R e v a l . of SDR h o l d i n g s
F o r e i g n p u r c h a s e s of
11
U.S. c o r p o r a t e e q u i t i e s
- U.S. p u r c h a s e s of
12
foreign e q u i t i e s
13

= N e t change in c o n s o l i d a t e d
d o m e s t i c net w o r t h

By s e c t o r :
14 T o t a l , all s e c t o r s

1,905
-

9
10

-292

11

72,275
72, 275

56,,653

66, 993

5 8 , 851

54, 665

62, 321

66,.460

S e c t o r b a s i s , total
Households
Farm b u s i n e s s
Nonfarm noncorp. business
N o n f i n a n c i a l corp. b u s i n e s s
P r i v a t e finan. i n s t i t u t i o n s

74, 5 7 2
49, 2 9 6
10, 5 5 2
6, 768
6, 2 1 8
24,,746
,012
1,

73,,164
200,.630
163,,912
9,
,240
6,
,640
,345
15,
5,,493

73, 167
113, 4 4 8
8 1 , 159
3, 654
4, 5 0 7
20, 4 2 7
3,
,701

62, 586
64, 321
4 6 , 305
1, 150
4, 8 0 2
8 , 370
3,,694

63, 2 5 6
187,.707
157,.317
4, 8 5 8
5,,291
12,,970
7,
,271

71, 915
17,.459
- 1 0 ,.289
4,,200
6,
,873
,553
13,
3,
,122

68,.626
164,,986
135,,503
5,,774
5,,746
,986
13,
3,
,977

- C h a n g e in eq.in n o n c o r p . b u s .
P r o p r i e t o r s ' net i n v e s t .
R e v a l u a t i o n of equity

,513
12,
-1,
,127
,640
13,

,233
15,
75
15,
,158

,905
7,
- 3 ,,477
11,,382

5,.872
- 2 ,.838
8,.710

9,
,808
51
9,
,757

10,
,779
58
10,
,721

,116
11,
,110
1,
,006
10,

15 ,656 22
-806 23
16 ,462 24

- C h a n g e in H H corp. e q u i t i e s
Net p u r c h a s e s
Revaluation

- 3 7 ,,373
388
,761
-37,

101,,402
156
101 ,246

26,,103
,132
-1,
27,,235

- 7 ,,742
- 1 ,,404
- 6 ,,338

99 ,497
,061
-1,
100:,558

- 6 1 ,,745
,714
- 5 9 ,,031

72,,511
,995
-2,
75,,506

46 ,996 25
- 2 ,080 26
49 ,076 27

28 - Change/fin.inst.corp.shares
29
Net p u r c h a s e s
30
Revaluation

-416
2 ,280
- 2 ,696

10 ,831
2 ,400
8 ,431

6 ,273
3 ,321
2 ,952

,605
3,
3,
,430
175

15 ,146
4 ,055
11 ,091

-3,
,490
4 ,183
- 7 ,673

,733
12,
,873
3,
8 ,860

12 ,817 28
4 ,367 29
8 ,450 30

- 2 ,832
- 4 ,328
1 ,458
38

- 1 5 ,910
— 4 ,797
- 1 1 ,148
35

- 6 ,710
- 3 ,659
- 3 ,081
30

- 1 ,494
- 3 ,223
1 ,698
31

- 9 ,728
- 4 ,068
- 5 ,706
46

- 8 ,172
- 3 ,292
- 4 ,935
55

- 3 ,628
- 2 ,019
- 1 ,668
59

— 6 ,912
- 3 ,042
- 3 ,919
49

31
32
33
34
35

36
37
38
39

+ C h a n g e in net finan. a s s e t s of
public s e c t o r s
S t a t e & local g o v e r n m e n t s
U.S. g o v e r n m e n t
S p o n s o r e d credit a g e n c i e s
Monetary authority
+ Other a d j u s t m e n t s :
Nonfinancial discrepancy
U n a l l o c a t e d f i n a n c i a l flows
Unallocated revaluations
T o t a l domestic net a s s e t s
at year end

40 Memo:

Gross National Product

D a t a are in m i l l i o n s of d o l l a r s .




-

-

109,,208
184,,677
139,, 141
6,
,601
9,
,517
22:,889
6 ,529

15
16
17
18
19
20
21

31
32
33
34
35

1 ,172
270
-907

219
-718
-102

1 ,545
957
- 1 ,966

2 ,807
- 2 ,496
- 2 ,552

1 ,209
39
-111

-67
- 1 ,176
-179

605
1 ,585
-728

1 ,395 36
-352 37
- 7 7 0 38

1403 ,346

1459 ,999

1526 ,992

1585 ,843

1640 ,508

1702 ,829

1769 ,289

1871 ,858 39
6 4 9 , 7 7 4 40

April 1989
National Net Worth

National Net Worth
Stock-Flow Reconciliation for Consolidated Domestic Net Assets

.

Annual Flows

Annual Flows

Domestic investment flows:
1
2
3

179,
>610
100,.628
78,
-982

4
5

4, 971
83, 953

197,,135
107,,489
89,,646

196,
,314
116,,768
79,
,546

218,,006
127,,999
90,
,007

239 ,444
141 ,450
97 ,994

234 ,465
154 ,577
79 ,888

270,,070
169,,383
100,,687

313 ,207 Purchase of physical assets
184 ,349 - Capital consumption
128 ,858 = Net capital formation

1
2
3

,375
2,
81,,921

,051
1,
91,,058

-1,
,121
96,
,873

,978
2,
82,,866

-10,
,498
90,
,189

- 6 ,964 • Net foreign investment
121 ,894 = Net investment flows
by domestic sectors

4
5

3,
,661
93,- 307

Adjustments for tangible assets:
11,915
22,907

45,466
40,466

36,010
17,411

95,372
24,422

9
10

384
259
—400

-305

698

759

720

1,308

111,737
38,621

2,097

12

77,387
18,105

612
-259

11

91,792
24,511

1,569

-3,617
94

Revaluations of reproducible
116,625
tangible assets
71,546 Change in land values
Less: Adjustments of capital consumption
to Balance Sheet basis
Adjustments to net foreign investment:
8 4 8 Reval. of net foreign claims
889 Reval. of SDR holdings
Foreign purchases of
2,434
U.S. corporate equities
- U.S. purchases of
619
foreign equities

118,261

313,617

14

118 ,261

178 ,569

135 ,351

212 ,497

15
16
17
18
19
20
21

119 ,453
220 ,650
163 ,378
12 ,822
9 ,258
29 ,528
5 , 664

179 ,967
143 ,472
73 ,978
7 ,731
20 ,284
39 ,618
,861
1,

154 ,194
334 ,204
272 ,713
10 ,290
7 ,194
37 ,029
6 ,978

222
406
320
11
19
46
8

22
23
24

21 ,183
259
20 ,924

27 ,473
-405
27,,878

16 ,764
- 1 ,080
17 ,844

29,,768
,967
-2,
32,
,735

25
26
27

64,
,803
- 4 ,772
69,
,575

-59, 573
-3,
-490
-56,
-083

135 ,399
-5,
,664
141 ,
,063

28

15,
,211
5,
,930
9,
,281

- 4 , 395
5, 850
-10, 245

31
32
33
34
35

-3,363
-2,905
-513
55

-4,880
-2,463
-2,463
46

36
37
38

1,241
1,904
-974

-2,104
-348
5,934

705,099

771,982

9

10
11

By sector:

176 ,953

236 ,749

313 ,617

208
120
36
8
16
60
-1

191
202
130
5
13
54

,406
,494
,174
,337
,553
,297
-867

266 ,529
450 ,377
325 ,762
18 ,749
25 ,645
70 ,165
10 ,056

326
516
365
35
31
75
8

24 ,432
— 6,
,055
30,
,487

18 ,516
- 4 ,408
22,,924

43 ,082
,200
-2,
45,,282

130,-619
-10,
-729
141,-348

-107,
,827
-7,
-298
-100: 529

-16,
,459
-2,
,765
-13,
,694

95 ,308
- 5 ,446
100,,754

84,,026
-8,
-792
92,-818

• ricmge in nn cor
Net purchases
Revaluation

27,,847
8,,751
19,
,096

22,-789
10,
-668
12,
-121

- 4 , 416
12,
-024
-16,
-440

9,
-031
10,
-820
-1,
-789

45,,458
19,
,380
26,,078

42,-122
21,-434
20, 688

Net purchases
Revaluation

-18,288

-4,803
-13,527
42

-14,523
-5,114
-9,424
15

-3,776
-9,997
35

-16,467
— 4 ,674
-11,810
17

-32,154
-9,014
-23,235
95

376
-842
-89

1,121
3,514
-461

3,896
9,295
-2,555

239
4,424
-2,649

-2,958
5,133
199

816,382

Data are in millions of dollars.




8

= Net change in consolidated
domestic net worth

214 ,949

,846
,022
,671
,060
,482
,451
,358

,089
,278
,265
,577
,455
,483
,502
,

6,186

,195 Private sectors, consolidated
,742 Sector basis, total
,750
Households
,586
Farm business
,304
Nonfarm noncorp. business
,744
Nonfinancial corp. business
,358
Private finan. institutions

1102,684

15
16
17

18

19

20
21

64 ,399 - Change in eq.in noncorp.bus. 22
- 8 ,662
Proprietors' net invest.
23
73,
,061
Revaluation of equity
24
25
26
27

28
29
30

+ Change in net finan. assets of
-16,278
public sectors
1,586
State 8 local governments
-18,010
U.S. government
146
Sponsored credit agencies
Monetary authority
1,204
1,630
866
3458,804

40

6
7

+ Other adjustments:
Nonfinancial discrepancy
36
Unallocated financial flows 37
Unallocated revaluations
38
Total domestic net assets
at year end

1212,760 Memo:

Gross National Product

39
40

April 1989
N a t i o n a l Net W o r t h

N a t i o n a l Net W o r t h

34

S t o c k - F l o w R e c o n c i l i a t i o n for C o n s o l i d a t e d D o m e s t i c N e t A s s e t s
Annual Flows

Annual Flows
1977

Domestic investment flows:
1 P u r c h a s e of p h y s i c a l a s s e t s
2 - Capital consumption
3 = Net capital formation

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

622,,423
376,,700
245,,723

673,,799
430,,714
243,,085

656 ,250
491 ,212
165 ,038

1
2
3

4
5

4 ,485
166 ,438

,498
-7,
125,,785

24,,031
110,, 163

14,,752
156,,103

- 1 6 ,536
179 ,312

- 2 ,470
243,,253

25,,896
2 6 8 ,981

31,
,232
196 ,270

4
5

428,321
111,029

220,592
95,006

257,879
176,717

358,044
207,617

545,636
294,635

520,058
329,440

611,437
305,663

8,892
36

-410
-158

1,604
-19

-3,258

116

1,750
65

-2,248
-534

-14,308
-142

2, 763

539

4, 667

2, 753

2, 675

2, 4 2 2

,659
1,

5, 357 11

672

-519

-921

355

408

351

,025
1,

2,,366 12

1088, 113

1116,,333

1101,,912 13

• Net foreign investment
= N e t i n v e s t m e n t flows
by d o m e s t i c s e c t o r s
A d j u s t m e n t s for

tangible assets:

R e v a l u a t i o n s of r e p r o d u c i b l e
tangible assets
220,722
6
7 C h a n g e in land v a l u e s
128,318
L e s s : A d j u s t m e n t s of c a p i t a l c o n s u m p t i o n
8
to B a l a n c e S h e e t b a s i s
-3
A d j u s t m e n t s to net foreign i n v e s t m e n t :
9 R e v a l . of net f o r e i g n c l a i m s
-1,228
10 R e v a l . of SDR h o l d i n g s
1,382
F o r e i g n p u r c h a s e s of
U.S. c o r p o r a t e e q u i t i e s
U.S. p u r c h a s e s of
foreign equities
12

11

9
10

= N e t change in c o n s o l i d a t e d
d o m e s t i c net w o r t h
13

517, 726

675,, 122

430, 782

594,,685

744,.099

By s e c t o r :
14 T o t a l , all s e c t o r s

517,,726

675, 122

430,.782

594, 685

744,,099

1088, 113

1116,-333

1101,,912 14

510, 102
413, 373
162, 726
77, 092
61, 794
108,• 270
3,
,491

716, 130
557, 031
181, 116
39, 2 7 9
54, 035
286, 356
- 3 ,,755

504, 2 8 7
784, 8 1 9
550, 8 5 0
50, 5 2 8
36,,430
150, 405
-3,
,394

644 4 6 6
922,,698
618, 8 5 4
71, 5 4 8
63,.553
151, 383
17,,360

789, 678
8 9 3 ,,904
555,,713
49, 756
110,,458
166,,333
11,,644

1125, 4 1 7
1402,,382
8 3 4 ,,905
104, 921
148,,918
283,,247
30,,391

1169,,439
1622, 949
1015,,157
106,,814
162,,675
304,,050
34,,253

1182,,277
1812,,726
1161,,908
80,,515
178,,373
355,,509
36,,421

134,,439
11,,225
123,,214

91 ,
,321
- 3 0 ,,260
121,,581

83,,850
- 1 9 ,,307
103,,157

129,,900
- 2 5 ,766
155,,666

156,,499
- 2 0 ,,226
176,,725

246,,757
- 3 1 ,,927
278,,684

262,,733
-65,
,221
327,,954

253,,968 22
,856 23
-76,
330 ,824 24

- 1 9 8 ,425
- 3 ,227
!
- 1 9 5 ,198

- 2 0 3 ,,697
,374
-1,
,323
-202,

138 ,747
- 5 ,785
144 ,532

114 ,268
1 ,867
112 ,401

- 4 4 ,409
- 8 ,066
- 3 6 ,343

-4,
,597
- 1 3 ,,089
8,,492

148 ,283
,465
-24,
172 ,748

299 ,169 25
- 1 0 ,953 26
310 , 122 27

- 3 2 ,743
11 ,977
- 4 4 ,720

- 4 6 ,723
5 ,642
- 5 2 ,365

57 ,935
11 ,172
46 ,763

34 ,064
8 ,740
2 5 ,324

- 7 ,864
11 ,158
- 1 9 ,022

34 ,805
12 ,732
2 2 ,073

42 ,494
18 ,660
23 ,834

77 ,312 28
22 ,994 29
54 ,318 30

—2,199
4,658
-7,118
261
-

—15,338
-3,675
-12,151
468
-

—81,153
-6,439
-74,985
271
-

-55,272
2,737
-58,340
331
-

-38,725
16,900
-55,980
355
~

-33,050
5,930
-39,500
520
~

-27,347
-2,240
-25,663
556
~

4,303
5,705
-185

9,730
-3,155
-32,245

-2,490
9,822
316

-3,601
12,546
-3,454

-6,871
9

-2,211

-21,221

-3,939

-4,374

- 6 , 0 7 5 36
3,146 37
- 6 , 3 0 9 38

5082,434

5677,119

6421,218

7509,331

8625,664

9 7 2 7 , 5 7 6 39

1598,426

1782,792

1990,504

2249,677

2508,170

2 7 3 1 , 9 4 7 40

15
16
17
18
19
20
21

Private sectors, consolidated
S e c t o r b a s i s , total
Households
Farm business
Nonfarm noncorp. business
N o n f i n a n c i a l corp. b u s i n e s s
Private finan. institutions

22 - C h a n g e in eq.in n o n c o r p . b u s .
P r o p r i e t o r s ' net i n v e s t .
23
R e v a l u a t i o n of equity
24
25 - C h a n g e in H H corp. e q u i t i e s
Net p u r c h a s e s
26
Revaluation
27
28 29
30
31
32
33
34
35

36
37
38
39

Change/fin.inst.corp.shares
Net p u r c h a s e s
Revaluation

+ C h a n g e in net finan. a s s e t s of
public s e c t o r s
S t a t e 8 local g o v e r n m e n t s
U.S. g o v e r n m e n t
S p o n s o r e d credit a g e n c i e s
Monetary authority
• Other adjustments:
Nonfinancial discrepancy
U n a l l o c a t e d f i n a n c i a l flows
Unallocated revaluations
T o t a l d o m e s t i c net a s s e t s
at year end

40 Memo:

Gross National Product

Data are in m i l l i o n s of d o l l a r s .




8

1,896

-164

-71,127
-6,026
-65,438
337
- 3

15
16
17
18
19
20
21

31
32
33
34
5

April 1989
National Net Worth

N a t i o n a l Net Worth
Stock-Flow Reconciliation

35

for C o n s o l i d a t e d D o m e s t i c Net A s s e t s

Annual Flows

Annual F l o w s

Domestic
1
2
3

755,, 387
550,,352
205,• 035

699,,925
598,,553
101 ,372

4
5

27 ,392
232 ,427

30 .834
132 ,206

investment flows:

791 ,
,400
622,,974
168,,426

1000,,400
652,• 188
348,,212

1015,, 325
691,,797
323,,528

1072,,500
736,,468
336,,032

1134,,775
785,,300
349,• 475

1217,,200 P u r c h a s e of p h y s i c a l a s s e t s
8 3 0 023 - C a p i t a l c o n s u m p t i o n
387,,177 = Net c a p i t a l f o r m a t i o n

1
2
3

- 2 8 ,350
140,,076

-71,
,844
2 7 6 ,368

- 1 0 4 ,,164
219,,364

- 1 3 3 ,,397
202,,635

- 1 5 1 ,,327
198,,148

- 1 1 9 ,790 • Net f o r e i g n i n v e s t m e n t
2 6 7 ,387 = Net i n v e s t m e n t flows
by d o m e s t i c s e c t o r s

4
5

A d j u s t m e n t s for tangible a s s e t s :

540,896
279,171

64,954
53,487

233,469
169,443

177,248
58,647

114,323
70,183

149,576
194,236

365,753
200,111

R e v a l u a t i o n s of r e p r o d u c i b l e
343,851
t a n g i b l e assets
172,006 C h a n g e in land v a l u e s
L e s s : A d j u s t m e n t s of c a p i t a l c o n s u m p t i o n
16,729
to B a l a n c e S h e e t basis
A d j u s t m e n t s to net f o r e i g n i n v e s t m e n t :
7 , 2 7 8 R e v a l . of net foreign c l a i m s
- 9 9 R e v a l . of SDR h o l d i n g s

9
10

4,226
-344

21,307
-220

-9,819
-317

- 1 1 ,519
-388

8,767
749

-4,444
830

25,539
1,392

11

5, 761

3, 904

5,,410

- 2 ,,981

4,,969

17, 757

15,
,515

12

213

,370
1,

,683
3,

944

3,
,689

,280
1,

- 2 ,,358

13

1061 s926

231 ,
,641

534,,552

496,,420

409,,981

559, 311

808,,805

771,,520

14

1061,,926

231, 641

534,,552

496,,420

409,,981

559,,311

808,,805

1146,,308
1302,,669
748,,255
,757
-15,
237,,74 9
330,,213
,209
2,

382,,215
558, 647
462,, 2 5 7
-47,
,119
14,
,721
123,,682
5,,106

721,,557
1052,,918
889,,113
,310
-14,
62 • 965
98 ,376
16 ,774

590,,808
1087,, 140
1023,,477
- 8 6 ,024
40,,891
61,,250
47,,546

798,,853
1155,.022
1019- 082
- 4 5 , 130
73,,811
35,,924
71,,335

992,,994
979,,120
759 ,798
2 3 ,824
65 ,540
8 5 ,307
44 ,651

22
23
24

223 ,596
,360
-48,
271,,956

- 2 7 ,,772
-91,
,382
63,,610

5 0 ,531
- 7 9 ,654
130 ,165

- 4 2 ,878
- 8 6 ,518
43 ,640

- 3 7 ,270
-89,
,161
51,,891

34,,862
-40,
,602
75,
,464

8 8 ,154
- 8 8 ,921
177 ,075

25
26
27

- 5 9 ,901
- 4 2 • 361
- 1 7 ,540

122 ,021
- 1 8 ,887
140 ,908

149 ,730
- 2 2 ,914
172 ,644

-32
- 7 5 ,624
75 ,592

362 ,130
- 1 0 3 ,436
4 6 5 ,566

165 ,363
- 1 2 1 ,,647
287 ,010

28
29
30

- 7 ,334
28 ,052
- 3 5 ,386

8 2 183
27 ,427
54 ,756

131 ,100
48 ,336
8 2 ,764

1 ,516
13 ,270
- 1 1 ,754

171 ,472
34 ,175
137 ,297

31
32
33
34
35

- 7 8 ,687
- 1 ,827
- 7 7 ,358

- 1 5 3 ,212
-792
- 1 5 3 ,727

- 1 8 5 ,901
4 ,634
- 1 9 1 •402

- 1 6 8 ,952
19 ,151
- 1 8 8 ,970

36
37
38

-5,216
29,088
-29,567

75
8,331
-5,768

-5,325
2,370
1 ,851

11021,143

11555,695

8
9
10

By s e c t o r :
771,,520 T o t a l , all s e c t o r s

15
16
17
18
19
20
21

6
7

733,,864
692, 4 7 0
560,,915
- 1 0 9 ,,186
57,,025
128,,042
55,,674

F o r e i g n p u r c h a s e s of
U.S. c o r p o r a t e e q u i t i e s
U.S. p u r c h a s e s of
900
foreign equities

-1, 274

= Net change in c o n s o l i d a t e d
d o m e s t i c net worth

964,,782 P r i v a t e s e c t o r s , c o n s o l i d a t e d
S e c t o r b a s i s , total
1296,,489
1049,,200
Households
Farm business
43,,897
Nonfarm noncorp. business
4 2 ,687
N o n f i n a n c i a l corp. b u s i n e s s
118,,646
Private finan. institutions
42,,059
87,,724 - 7 2 ,447
160,,171




18

19
20

C h a n g e in eq.in n o n c o r p . b u s
P r o p r i e t o r s ' net i n v e s t .
R e v a l u a t i o n of equity

23
24

- 1 5 2 ,883
- 9 9 ,334
- 5 3 ,549

117 ,591 - C h a n g e in HH c o r p . e q u i t i e s
Net p u r c h a s e s
- 1 0 5 ,525
Revaluation
2 2 3 ,116

25
26
27

155 ,944
35 ,927
120 ,017

5 0 ,855
25 ,063
25 ,792

126 ,392 - C h a n g e / f i n . i n s t . c o r p . s h a r e s
Net p u r c h a s e s
- 5 ,555
Revaluation
131 ,947

28

- 1 9 2 ,424
22 ,848
- 2 1 5 ,829

- 2 1 5 ,274
14 ,436
- 2 2 9 ,277

- 1 9 8 ,530
- 1 ,515
- 1 9 7 ,373

-5,400
—16,896
- 4 6 ,196

4,650
12,010
-5,063

13,700
-982
-36,986

8,025
-11 ,467
17,783

11 ,949
6,902
-20,670

12052,115

12462,096

13021,407

13830,212

14601,73:

+ C h a n g e in net finan. a s s e t s of
public s e c t o r s
- 1 9 1 ,443
S t a t e £ local g o v e r n m e n t s
- 1 5 ,019
U.S. g o v e r n m e n t
- 1 7 7 ,152
S p o n s o r e d credit a g e n c i e s
Monetary authority

29
30

31
32
33
34
35

+ Other a d j u s t m e n t s :
Nor,financial d i s c r e p a n c y
36
U n a l l o c a t e d financial flows 37
Unallocated revaluations
38
T o t a l d o m e s t i c net assets
at year end

4863,177 Memo:
Data are in m i l l i o n s of d o l l a r s .

17

Gross National Product

39
40

A p r i l 1989
Tangible Asset Holdings
3 6

T a n g i b l e Asset H o l d i n g s
S t o c k - F l o w R e c o n c i l i a t i o n s for T a n g i b l e A s s e t s

Annual Flows

Annual Flows

1949

1950

1951

1952

1953

1954

61, 521
38..054
3, 662
4, 5 4 6
14, 902
357

8 5 ,.849
47, 761
5, 309
8, 358
24, 027
394

90,.342
47,.499
5,.778
6,.080
30, 5 5 4
431

82,-782
46,-779
3,
-571
-460
6,
25,-416
556

8 7 ,-600
51. 646
1, 4 4 5
7, 8 4 2
26,,235
432

8 6 , 166
51. 995
2, 4 4 2
7,.812
23,.264
653

108,.591
63, 4 1 8
2, 351
9, 526
32, 5 4 9
747

7 Capital consumption
Households
8
9
Farm business
10
Nonfarm noncorp. business
N o n f i n a n c i a l corp. bus.
11
Private finan. insts.
12

36, 113
17, 8 5 3
2, 069
4, 716
11, 2 0 4
271

39,.458
19, 8 4 8
2,.305
4,.999
12,.023
283

45, 663
23,.139
2,.671
5, 695
13, 8 3 3
325

49,-708
25,-582
2,-925
-009
6,
14,-840
352

53,,341
27,-777
-082
3,
6,
,255
15,,852
375

57, 591
30, 763
3,.192
6, 4 6 2
16, 765
409

60, 650
32,.353
3, 300
6, 778
17, 785
434

67, 5 1 7
36,• 142
3, 4 8 5
.355
7,
20,-032
503

7
8
9
10
11
12

13 Net c a p i t a l f o r m a t i o n
Households
14
Farm business
15
Nonfarm noncorp. business
16
N o n f i n a n c i a l corp. bus.
17
Private finan. insts.
18

25, 4 0 8
20,.201
1. 5 9 3
-170
3, 698
86

46, 391
27,.913
3.-004
-359
3,
12,,004
111

44,,679
24,.360
3,
,107
385
16,,721
106

33,-074
21,-197
646
451
10,,576
204

34,,259
23,-869
- 1 ,-637
1 ,587
,
10,-383
57

28,-575
21,-232
-750
-350
1,
-499
6,
244

47,,941
31,,065
-949
,748
2,
14 ,764
313

43, 347
26,• 305
-181
-172
17,
-146
249

13
14
15
16
17
18

19 Net f o r e i g n i n v e s t m e n t
Net financial investment:
Private sectors
Households
Farm business
Nonfarm noncorp. business
N o n f i n a n c i a l corp. bus.
Private finan. insts.

-297
1,

- 2 ,,249

656

322

- 1 ,,728

-260

26

4, 541
1, 984
- 1 .,570
170
3,
,057
900

- 9 ,,451
-820
2 i
- 2 ,-971
- 3 ,-359
- 7 ,-681
-740
1,

-691
10,-772
- 3 ,-108
-385
- 8 ,-727
757

8,,462
11,,143
-677
-451
- 3 ,,197
,644
1,

6,
-679
9,
-107
-586
1,
- 1 ,,587
- 3 ,-931
-504
1,

-877
7,
6,
-219
737
- 1 ,-350
-539
-810
• 2,

,685
-1,
5 ,527
916
,748
-2,
- 6 -918
,538
1,

2,-631
12,
-019
138
172
-128
-11,
-430
1,

23
24
25

26
27
28
29
30

- 5 -211
- 1 ,,764
-3 ,
-494
13
34

5 -290
-991
-1 ,
,270
7,
26
-15

-199
4,
-300
-1,
5 -448
21
30

-7

,029
- 2 , 185
- 4 ,919
31
44

- 9 ,,778
- 2 ,,026
- 7 ,,810
17
41

- 9 ,,319
-904
-3,
- 5 ,,466
14
37

-256
—4 !
-243
,937
3,
18
32

619
- 3 , 363
3, 916
13
53

26
27
28
29
30

,967
1,

1 ,912
•

,852
-2,

- 1 ,111

1 ,371

,182
1,

1 ,967

32 R e v a l . of p h y s i c a l a s s e t s
Households
33
34
Farm business
Nonfarm noncorp. business
35
36
Nonf i n a n c i a l corp. -bus..
37 - I n v e n t o r y v a l u a t i o n adj.
Private finan. insts.
38

961
1,
,172
-1,
,651
1 ,416
1 ,893
1 ,856
-13

43 ,404
15 ,817
6 ,514
6 ,380
9 ,508
—41,965
220

32
12
2
6
8
-1

,935
.846
,795
•
,807
,975
,199
313

6 ,060
3 ,106
-565
1 ,110
3 ,465
1 ,000
-56

2 ,052
- 2 ,068
,087
185
1 ,641
- 1 ,000
207

2 ,637
-259
564
788
1 ,231
-300
13

20,,998
2 • 987
,211
4 ,253
10 ,438
^1 ,750
359

35,,166
8 ,344
-532
1,
6 -419
15,
,717
-2,
,675
479

32
35
34
35
36
37
38

39 R e v a l u a t i o n s by type of asset
40
Residential structures
P l a n t and e q u i p m e n t
41
Inventories
42
Consumer durables
43

961
3 ,696
2 ,811
- 4 ,963
-583

43 ,404
11 ,609
12 ,865
12 ,239
6 ,691

32
12
13
2
4

,935
,263
,364
,447
,861

6 ,060
3 ,965
5 ,118
- 3 ,892
869

2 ,052
768
1 ,917
633
- 1 ,266

2 ,637
4 ,256
1 ,952
-695
- 2 ,876

20 ,998
8 ,151
13 ,706
1 ,576
- 2 ,435

35,-166
4,
-878
20,,356
4,
,151
5,
,781

39
40
41
42
43

44 C h a n g e in land v a l u e s
Households
45
46
Farm b u s i n e s s
Nonfarm noncorp. business
47
48
Nonfinancial corp. business
49
Private finan. insts.

4 ,201
2 ,037
- 1 ,799
2 ,007
1 ,943
13

21
4
11
2
2

18 ,006
3 ,837
7 ,859
2 ,858
3 ,386
66

8 ,593
2 ,739
481
2 ,341
2 ,999
33

7 ,684
2 • 540
- 1 ,386
2 ,467
3 ,987
76

15 ,143
5 •478
3 ,225
3 ,010
5 ,306
124

17 ,214
4 ,514
4 ,562
3 ,345
4 ,642
151

28 ,977
9 ,173
6 ,926
5 ,293
7 ,382
203

44
45
46
47
48
49

5 0 A d j . to c a p i t a l c o n s u m p t i o n
Households
51
Farm b u s i n e s s
52
53
Nonfarm noncorp. business
Nonfinancial corp. business
54
55
P r i v a t e f i n a n . insts.

-1
170
81
-252

195
105
-301
2
-1

198
112
-311
2
-1

-3
200
118
-320
-1

-1
206
125
-331
-1

214
139
-352
-1

-

-

-

50
51
52
53
54
55

1 P u r c h a s e s of p h y s i c a l a s s e t s
Households
2
Farm business
3
Nonfarm noncorp. business
4
N o n f i n a n c i a l corp. bus.
5
6
Private finan. insts.

20
21
22
23
24
25

31

56
57
58
59
60
61
62
63
64
65
66
67

Public sectors
S t a t e 8 local g o v e r n m e n t s
U.S. g o v e r n m e n t
S p o n s o r e d credit a g e n c i e s
Monetary authority
Unallocated

f i n a n c i a l flows

Public sectors
S t a t e 8 local g o v e r n m e n t s
U.S. g o v e r n m e n t
Sponsored credit agencies
Monetary authority

Data are in m i l l i o n s of d o l l a r s .




176
87
-262
-1

-

M e m o : Total gross d o m e s t i c i n v e s t m e n t ,
F l o w of F u n d s basis
60 ,851
Private sectors
66 ,062
Households
4 0 ,038
Farm b u s i n e s s
2 ,092
Nonfarm noncorp. business
4 ,716
N o n f i n a n c i a l corp. b u s i n e s
17 ,959
P r i v a t e finan. i n s t i t u t i o n
1 ,257
- 5 ,211
- 1 ,764
- 3 ,494
13
34

,757
,010
,914
,847
,933
53

-

-2
189
98
-289
-

1955

1956
110,-864
62,-447
3,
-304
7,
.183
37, 178
752

1
2
3
4
5
6

-1,
-323 19
20
21

- 4 ,.573 31

,688
,398
,581
,338
,999
,346
,134

93 ,850
8 9 ,651
5 8 ,271
2 ,670
5 ,695
21 ,827
1 ,188

8 4 ,215
91 ,244
5 7 ,922
2 ,894
6 ,009
2 2 ,219
2 ,200

8 4 ,501
94 ,279
60 ,753
3 ,031
6 ,255
2 2 ,304
1 ,936

8 4 ,724
94 ,043
58 ,214
3 ,179
6 ,462
22 ,725
3 ,463

106 ,650
106 ,906
68 ,945
3 ,267
6 ,778
25 ,631
2 ,285

114 ,114
113 ,495
74 ,46b
3 ,442
7 ,355
26 ,050
2 ,182

56
57
58
59
60
61
62

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

- 9 ,319
- 3 ,904
- 5 ,466
14
37

-256
- 4 ,243
3 ,937
18
32

619
- 3 ,363
3 ,916
13
53

63
64
65
66
67

81
76
50
2
4
16
2

April 1989
Tangible Asset H o l d i n g s

Tangible Asset Holdings
S t o c k - F l o w R e c o n c i l i a t i o n s for T a n g i b l e A s s e t s

^ y

Annual F l o w s

1957

Annual Flows

1958

1959

1960

1961

1962

1963

1964

100, 673
59,• 154
4 !126
8,,729
27,-798
866

122, 9 8 0
69, 394
3, 713
10, 8 9 0
37 =
,960
1, 023

121,,645
69,,359
3,
,548
,086
10,
37 ,845
807

119,,017
66,,145
3,
,711
,667
11,
36,,466
,028
1,

134, 670
72,,481
4,,168
13,
,274
43,,765
982

144,,905
79,• 017
4,,637
,332
15,
44,,573
,346
1,

156 ,473 P u r c h a s e s of p h y s i c a l a s s e t s
Households
85, 057
,985
3,
Farm business
,926
Nonfarm noncorp. business
15,
N o n f i n a n c i a l c o r p . bus.
50,,075
,430
Private finan. insts.
1,

1
2
3
4
5
6

110 ,741
62 ,090
,508
9 ,549
35 ,731
863

7
8
9
10
11
12

72 ,918
38 ,934
3 ,599
7 ,784
22 ,048
553

76,,260
40,,980
,659
3,
,986
7,
23,,059
576

79,,780
43 =
,078
3,
,732
8,,226
24,,135
609

8 2 ,586
4 4 ,591
3 ,740
8 ,469
25 ,134
652

8 5 ,200
4 6 ,264
3 ,734
8 ,635
2 5 ,882
685

87,,799
47,,620
3,
,762
8,,864
2 6 ,827
726

91,,280
49,,522
,807
3,
9,
,155
28,,002
794

95,,666 C a p i t a l c o n s u m p t i o n
Households
51,,889
Farm b u s i n e s s
3,
,893
9,
,569
Nonfarm noncorp. business
29,,448
N o n f i n a n c i a l c o r p . bus.
867
Private finan. insts.

7
8
9
10
11
12

13
14
15
16
17
18

37 ,823
23 ,156
- 1 ,091
1 ,765
13 ,683
310

24,,413
18,
,174
467
743
4 ,739
290

43 =2 0 0
26 = 316
-19
2 =
,664
13 =
,825
414

39 ,059
24 ,768
-192
1 ,617
12 ,711
155

33,,817
,881
19,
-23
3 ,032
10 ,584
343

46,• 871
24 • 861
406
4,
,410
,938
16,
256

53,,625
29,,495
830
6,
,177
16,
,571
552

60,,807 Net c a p i t a l f o r m a t i o n
33,,168
Households
Farm business
92
Nonfarm noncorp. business
6 ,357
N o n f i n a n c i a l corp. bus.
20,,627
563
Private finan. insts.

13
14
15
16
17
18

-1 =
,878

2

19

4 ,569

356

20
21
22
23
24
25

6 ,992
14 ,046
1 ,040
- 1 ,765
- 7 ,330
1 ,001

16,
,890
16,
,603
-499
-743
-771
,300
2,

26
27
28
29
30

- 2 ,693
- 4 ,328
1 ,528
38
69

31

2,833

5 ,917 Net f o r e i g n i n v e s t m e n t
Net f i n a n c i a l i n v e s t m e n t :
Private sectors
Households
Farm business
Nonfarm noncorp. business
N o n f i n a n c i a l c o r p . bus.
Private finan. insts.

19

2 ,261

4,
,053

3 =924
10 =
,875
-18
- 2 =664
—6 =
,030
1 • 761
=

5 ,995
13 ,314
157
- 1 ,617
- 8 ,432
,573
2:

,419
12,
17 , 180
-6
- 3 :,032
- 4 ,649
2,,926

11 ,680
,
,333
18,
-407
,410
-4,
—4,,930
,094
3,

,880
5,
18 ,021
-947
-6,
,177
-5,
,863
846

,439
13,
24 ,644
-102
- 6 ,357
,014
-7,
,268
2,

-15,
,816
-4,
,797
,113
-11,
35
59

-6 =
,759
- 3 =659
- 2 , 938
30
-192

- 1 ,694
- 3 ,223
1 ,469
31
29

- 9 ,625
,068
-4,
- 5 ,670
46
67

-8,
,243
- 3 , 292
•
-5,
,052
55
46

-3,
,412
-2,
,019
,507
-1,
59
55

,170
-7,
-3,
,042
,710
-3,
49
-467

270

-718

957

,496
-2:

39

,176
-1,

,585
1,

-352

32
33
34
35
36
37
38

8 ,614
- 3 ,888
2 ,858
1 ,459
6 ,518
- 1 ,525
142

8 ,775
3,
,423
,413
1,
1 ,740
,
1 ,888
,
-250
61

4 =4 0 0
- 1 =147
252
1 =056
3, 8 4 9
-277
113

- 2 ,977
- 3 ,952
,524
1,
649
- 1 ,651
-173
280

,549
-1,
- 1 596
,027
1,
-461
-363
271
115

96
,888
-2,
,884
1,
1 ,091
-541
26
576

- 5 ,974
-6,
,719
710
- 1 ,853
,
1 ,778
,
54
164

,863 R e v a l . of p h y s i c a l a s s e t s
12,
,484
Households
3,
475
Farm b u s i n e s s
,310
Nonfarm noncorp. business
3,
N o n f i n a n c i a l corp. bus.
4 ,436
-494 - I n v e n t o r y v a l u a t i o n adj.
664
Private finan. insts.

32
33
34
35
36
37
38

39
40
41
42
43

8 ,614
1 ,224
8 • 803
2 ,178
- 3 ,591

8 ,775
2 ,785
,416
2,
1 ,518
,056
2,

4 =
,400
1 =
042
4 =
,274
-304
-612

- 2 ,977
905
- 1 ,991
734
,625
-2,

- 1 ,549
548
-49
-728
,320
-1,

96
355
2 ,398
459
-3:,116

- 5 ,974
- 7 ,506
,976
2,
-56
,388
-1,

12 8 6 3 R e v a l u a t i o n s by type of asset
Residential structures
10 ,485
6 ,094
P l a n t and e q u i p m e n t
466
Inventories
Consumer durables
- 4 ,182

39
40
41
42
43

44
45
46
47
48
49

21 ,037
3 ,641
6 ,473
3 ,154
7 ,559
210

23,,287
3,
,865
8,,955
3,
,505
6 >744
,
218

20 =
,330
4 •190
6 =5 4 6
3,.590
5 = 78 7
•
217

21 ,842
10 ,114
1 ,520
4 ,895
5 ,097
216

19 ,318
4 ,111
5 ,651
,663
3,
5 ,622
271

13 ,739
3 ,816
4 ,272
3,
,514
,916
1,
221

16 ,434
2 ,883
7 ,889
3 ,507
1 ,973
=
182

22,,045 C h a n g e in land v a l u e s
Households
5 ,831
Farm business
8 ,643
Nonfarm noncorp. business
4 ,218
,091
Nonfinancial corp. business
3,
262
Private finan. insts.

44
45
46
47
48
49

50
51
52
53
54
55

-3
218
147
-369
2
-1

-1
222
157
-380

1
229
168
-396

-3
244
183
-430

-1
256
192
-448

-3
270
203
-475

"

"

-1

-1

- 2 A d j . to c a p i t a l c o n s u m p t i o n
286
Households
Farm b u s i n e s s
212
-499
Nonfarm noncorp. business
N o n f i n a n c i a l corp. b u s i n e s s
P r i v a t e finan. i n s t s .
-1

50
51
52
53
54
55

56
57
58
59
60
61
62

115 ,040
117 ,733
76 ,136
3 ,548
7 ,784
28 ,401
1 ,864

101 ,747
117 ,563
75 ,757
3 ,627
7 ,986
27 ,027
3 ,166

120 , 145
126,,904
80,,269
3,
,695
8 ,226
31,,930
2,,784

125 ,946
127 ,640
8 2 ,673
3 ,705
8 ,469
29 ,413
3 ,380

121 ,811
131 ,436
8 3 ,325
3 ,705
8 ,635
31 ,817
3 ,954

138 ,107
146 ,350
90 ,814
3 ,761
8 ,864
38 ,835
4 ,076

147 ,373
150 ,785
97 ,038
3 ,690
9 ,155
38 ,710
2 , 192

63
64
65
66
67

- 2 ,693
- 4 ,328
1 ,528
38
69

- 1 5 ,816
- 4 ,797
!
- 1 1 ,113
35
59

— 6,,759
- 3 ,,659
,938
-2,
30
-192

- 1 ,694
- 3 ,223
1 ,469
31
29

- 9 ,625
- 4 ,068
- 5 ,670
46
67

- 8 ,243
- 3 ,292
- 5 ,052
55
46

- 3 ,412
- 2 ,019
- 1 ,507
59
55

Data are in m i l l i o n s of d o l l a r s .




1 ,805

1
2
3
4
5
6

236
176
-413
1
-

-

Public sectors
S t a t e a local g o v e r n m e n t s
U.S. g o v e r n m e n t
Sponsored credit agencies
Monetary authority
Unallocated

financial

flows

M e m o : T o t a l gross d o m e s t i c i n v e s t m e n t ,
162 ,742
F l o w of F u n d s b a s i s
Private sectors
169 ,912
Households
109 , 701
Farm business
3 ,883
Nonfarm noncorp. business
9 ,569
43 ,061
N o n f i n a n c i a l corp. b u s i n e s
3 ,698
Private finan. institution
- 7 ,170
- 3 ,042
- 3 ,710
49
-467

Public sectors
S t a t e & local g o v e r n m e n t s
U.S. g o v e r n m e n t
Sponsored credit agencies
Monetary authority

20
21
22
23
24
25
26
27
28
29
30
31

56
57
58
59
60
61
62
63
64
65
66
67

T a n g i b l ^ A s s e t Holdings
3 8

T a n g i b l e Asset H o l d i n g s
S t o c k - F l o w R e c o n c i l i a t i o n s for T a n g i b l e A s s e t s
Annual Flows
1965

1 P u r c h a s e s of p h y s i c a l a s s e t s
Households
2
Farm business
3
Nonfarm noncorp. business
4
N o n f i n a n c i a l corp. bus.
5
Private finan. insts.
6
7 Capital consumption
Households
8
Farm business
9
Nonfarm noncorp. business
10
N o n f i n a n c i a l corp. bus.
11
P r i v a t e finan. i n s t s .
12
13 N e t c a p i t a l f o r m a t i o n
Households
14
Farm business
15
Nonfarm noncorp. business
16
N o n f i n a n c i a l corp. bus.
17
P r i v a t e finan. insts.
18

1966

1967

1968

1969

1970

1971

1972

E

Annual Flows

179, 610
92, 321
6, 4 5 8
17, 351
61, 603
1, 8 7 7

197, 135
97, 4 3 6
5,8 9 7
16, 2 5 4
75, 300
2, 2 4 8

196, 314
98, 2 6 9
7, 046
17, 2 4 3
71, 188
2, 5 6 8

2 1 8 , 006
113, 974
6, 351
18, 622
74, 064
4 , 995

239, 444
121, 503
6, 780
2 2 , 901
83, 248
5 , 012

234, 465
119, 4 0 5
7, 387
2 3 , 695
78, 8 8 4
5 , 094

2 7 0 , 070
140, 8 7 3
9, 141
30, 169
8 4 , 397
5, 4 9 0

313,
164, 170
9, 2 7 6
39, 139
94, 064
6, 558

100, 628
54, 042
4, 046
10, 101
31, 4 5 9
980

107, 4 8 9
5 6 , 961
4, 2 8 8
10, 8 5 0
34, 281
1, 109

116, 768
61, 773
4, 5 5 2
11, 614
37, 556
1, 2 7 3

127, 999
67, 619
4, 8 5 2
12, 5 8 3
41, 448
1, 4 9 7

141, 4 5 0
75, 325
5, 251
13, 8 3 1
4 5 , 399
1, 644

154, 5 7 7
8 2 , 319
5, 631
14, 971
49, 857
1, 799

169, 383
90, 201
5, 942
16, 4 2 6
54, 783
2, 031

184, 349
7
8
97, 377
6, 605
9
17, 989 10
60, 111 11
2, 2 6 7 12

8 9 , 646
40, 475
1, 609
5, 4 0 4
41. 019
1, 139

79, 5 4 6
36, 4 9 6
2, 4 9 4
5, 629
33,,632
,295
1,

90, 007
46, 355
1, 4 9 9
6,,039
32,,616
3, 4 9 8

97, 994
46, 178
1, 5 2 9
9, 070
37, 8 4 9
3, 368

79, 8 8 8
37,,086
1, 756
8, 724
29,.027
3,
,295

100, 687
50,.672
3,
,199
13,,743
29,,614
,459
3,

128, 8 5 8
66, 793
2, 671
21, 150
33, 953
4, 291

2,,978

- 1 0 ,,498

78, 982
38, 2 7 9
2,,412
7, 2 5 0
30,, 144
897

•
1, 051

- 1 , 121

1
2
3
4
5
6

13
14
15
16
17
18

- 6 ,,964 19

,661
3,

2, ,375

8,.059
33, 058
- 1 ,,527
-5, 404
- 1 8 ,,951
883

21.,731
42,,936
- 2 ,,453
- 5 ,,629
-14 =
,275
,152
1,

12,,162
35, 561
- 1 , 456
- 6 ,,039
- 1 7 ,,460
,556
1,

- 6 ,,741
26, 4 4 5
- 1 ,,468
- 9 ,,070
- 1 9 ,• 101
- 3 ,,547

16,, 144
52, 2 6 7
- 1 ,,748
- 8 , 724
- 2 0 ,,295
- 5 ,,356

,811
16,
48,,737
- 3 , 184
,
- 1 3 ,,743
- 1 6 ,,055
,056
1,

8,,534
52,,264
- 2 ,,499
- 2 1 ,150
- 1 6 ,,931
- 3 ,,150

20
21
22
23
24
25

,493
-3!
- 2 ,905
-669
55
26

,050
-4,
,465
-2 i
,651
-1,
46
18

- 1 8 ,,514
,789
-4,
- 1 3 ,,795
42
28

- 1 4 ,,625
- 5 ,,010
,651
-9,
15
21

- 3 , 675
- 9 ,,997
,247
6,
35
40

- 1 7 ,,590
-4,
,674
- 1 2 ,,954
17
21

,442
-32,
-9,
,014
,469
-23,
95
-54

- 1 7 ,,128
1,
,586
- 1 8 ,,961
146
101

26
27
28
29
30

1 ,904

-348

-842

3,
,514

9,
,295

4 ,424

,133
5,

32 R e v a l . of p h y s i c a l assets
Households
33
Farm b u s i n e s s
34
Nonfarm noncorp. business
35
N o n f i n a n c i a l corp. bus.
36
37 - Inventory valuation adj.
P r i v a t e finan. insts.
38

11 ,915
- 3 ,613
3 ,571
3 ,294
6 ,699
- 1 ,245
719

45 ,466
17 ,797
1 ,660
,
9 ,806
13 ,508
- 2 ,107
588

36 ,010
14 ,025
1 ,272
5 ,098
13 ,609
- 1 ,554
452

95
43
4
17
27
-3

39 R e v a l u a t i o n s by type of asset
Residential structures
40
P l a n t and e q u i p m e n t
41
Inventories
42
Consumer durables
43

11 ,915
4 ,502
11 ,495
3 ,760
- 7 ,842

45 • 4 6 6
24 ,842
19 ,421
1 ,941
-738

36 ,010
13 ,199
17 ,394
1 ,953
3 ,464

95 ,372
5 0 ,563
34 ,259
6 ,470
4 ,080

91 ,792
41 ,964
35 ,668
10 .870
3 ,290

77
20
43
4
8

44 C h a n g e in land values
Households
45
Farm b u s i n e s s
46
Nonfarm noncorp. business
47
N o n f i n a n c i a l corp. b u s i n e s s
48
P r i v a t e finan. insts.
49

2 2 ,907
4 ,823
10 ,633
3 ,968
3 ,251
232

40 ,466
20 ,096
8 ,100
8 ,443
3 ,654
173

17 ,411
5 ,435
9 ,529
2 ,252
234
-39

2 4 ,422
13 ,134
6 ,283
4 ,858
26
121

5 0 A d j . to capital c o n s u m p t i o n
Households
51
Farm b u s i n e s s
52
Nonfarm noncorp. business
53
N o n f i n a n c i a l corp. b u s i n e s s
54
P r i v a t e finan. insts.
55

-2
308
227
-537
1
-1

-2
337
245
-583

-2
361
265
-629
1

-4
393
288
-684
-1

19 Net foreign i n v e s t m e n t
Net f i n a n c i a l i n v e s t m e n t :
Private sectors
20
Households
21
Farm business
22
Nonfarm noncorp. business
23
N o n f i n a n c i a l corp. bus.
24
Private finan. insts.
25
26
27
28
29
30
31

56
57
58
59
60
61
62
63
64
65
66
67

Public sectors
S t a t e 8 local g o v e r n m e n t s
U.S. g o v e r n m e n t
S p o n s o r e d credit a g e n c i e s
Monetary authority
Unallocated

f i n a n c i a l flows

.971
4 i
,560
6,
26,,796
,366
-2,
,250
-7 i
- 1 1 ,,774
,
1, 154

,372
,437
,780
, 149
,035
,651
-680

1 ,630 31
,

111 ,737
43 ,790
7 ,404
19 ,682
36 ,296
- 4 ,584
-19

116,,625
47,,731
,693
13,
17 ,880
31 ,863
- 6 ,610
- 1 ,152

32
33
34
35
36
37
38

,387
,312
,480
,797
,798

111 ,737
55 ,706
50 ,757
9 ,725
- 4 ,451

116 ,625
61 ,492
41 ,660
17 ,312
-3,
,839

39
40
41
42
43

24 ,511
12 ,099
2 ,910
5 ,626
3 ,656
220

18 ,105
7 ,459
3 ,806
4 ,058
2 ,649
133

38 ,621
16 ,594
11 ,953
6 ,912
2 ,979
183

71 ,546
19 ,694
24 ,499
18 ,766
8 ,399
188

44
45
46
47
48
49

-I
444
320
-765

469
349
-817

548
421
-967
-2

-1

-2
505
373
-880
1
-1

91
36
6
15
28
-5

,
,792
,179
,579
,473
• 472
,870
-781

-1

77 ,387
2 7 ,030
,
2, 123
,310
11,
30 .911
,552
— 6,
-539

-

-

"

50
51
52
53
54
55

M e m o : Total gross domestic i n v e s t m e n t ,
182 ,677
F l o w of F u n d s basis
186 ,170
P r i v a t e sectors
119 ,117
Households
4 ,092
Farm b u s i n e s s
10 ,101
N o n f a r m noncorp. b u s i n e s s
49 ,829
N o n f i n a n c i a l corp. busines
3 ,031
P r i v a t e finan. i n s t i t u t i o n

201 , 144
205 ,194
130 ,494
4 ,370
10 ,850
56 ,349
3 ,131

199 ,531
2 1 8 ,045
141 ,205
4 ,593
11 ,614
56 ,913
3 ,720

215 ,543
231 .498
149 ,535
4 ,895
12 ,583
5 7 ,934
6 ,551

2 2 9 ,028
2 3 2 ,747
147 ,948
5 ,312
13 ,831
64 ,191
1 ,465

2 3 3 ,019
2 5 0 ,938
171 ,672
5 ,639
14 ,971
58 ,918
-262

254 ,439
287 ,598
189 ,610
5 ,957
16 ,426
69 ,059
6 ,546

304 ,613
322 ,653
2 1 6 ,434
6 ,777
17 ,989
78 ,045
3 ,408

56
57
58
59
60
61
62

- 3 ,493
- 2 ,905
-669
55
26

— 4 ,050
- 2 ,463
- 1 ,651
46
18

- 1 8 ,514
- 4 ,789
- 1 3 ,795
42
28

- 1 5 ,955
- 5 ,010
- 1 0 ,981
15
21

- 3 ,719
- 9 ,997
6 ,203
35
40

- 1 7 ,919
- 4 ,674
- 1 3 ,283
17
21

- 3 3 ,159
- 9 ,014
- 2 4 ,186
95
-54

- 1 8 ,040
1 ,586
- 1 9 ,873
146
101

63
64
65
66
67

Public sectors
S t a t e S local g o v e r n m e n t s
U.S. g o v e r n m e n t
S p o n s o r e d credit a g e n c i e s
Monetary authority

Data are in m i l l i o n s of d o l l a r s .




T a n g i b l e Asset H o l d i n g s

Tangible Asset Holdings
S t o c k - F l o w R e c o n c i l i a t i o n s for T a n g i b l e A s s e t s

Annual F l o w s

Annual Flows

1973

1974

1975

1976

1977

1978

1979

1980

1
2
3
4
5
6

363, 507
183, 396
14, 082
42, 4 9 2
115, 8 2 0
7, 717

364, 616
180, 396
11, 211
32, 931
132, 086
7, 992

354, 920
193, 8 7 6
16, 904
25, 609
110, 931
7, 600

4 3 9 , 142
237, 517
13, 5 7 0
2 7 , 350
152, 947
7, 758

528, 552
2 8 4 , 225
19, 088
39, 2 8 2
177, 135
8,822

622, 423
327, 703
20,870
4 7 , 366
2 1 5 , 024
11, 4 6 0

673, 799
356, 068
2 6 , 235
4 4 , 312
233, 552
13, 632

6 5 6 , 2 5 0 P u r c h a s e s of p h y s i c a l a s s e t s
Households
3 4 2 , 694
Farm b u s i n e s s
14, 158
Nonfarm noncorp. business
46,594
N o n f i n a n c i a l c o r p . bus.
2 3 8 , 702
Private finan. insts.
14, 122

7
8
9
10
11
12

201, 554
106, 5 6 7
7, 2 2 8
19, 965
65, 223
2, 571

2 3 1 , 333
120, 8 2 8
8 , 308
2 2 , 677
76, 301
3, 2 1 9

2 6 8 , 788
137, 106
9, 789
2 6 , 107
91, 8 7 8
3, 908

2 9 7 , 791
151, 657
10, 771
28, 514
102, 301
4, 5 4 8

332, 704
169, 015
12, 099
31, 945
114, 321
5, 324

376, 700
190, 344
13. 5 5 7
36, 564
129, 8 4 4
6,.391

4 3 0 , 714
2 1 5 , 204
15, 343
4 2 , 955
149, 609
7, 623

491 ,2 1 2 C a p i t a l c o n s u m p t i o n
Households
2 4 3 , 658
Farm business
17, 591
Nonfarm noncorp. business
49,850
N o n f i n a n c i a l c o r p . bus.
262
171 ,
Private finan. insts.
8, 871

7
8
9
10
11
12

13
14
15
16
17
18

161, 953
76, 8 2 9
6, 8 5 4
22, 5 2 7
50, 597
5, 146

133, 283
59, 568
2, 903
10, 254
55, 785
4, 773

8 6 , 132
5 6 , 770
7, 115
498
19, 053
3, 692

141, 351
85, 860
2, 799
- 1 , 164
50, 646
3, 2 1 0

195, 8 4 8
115, 2 1 0
6, 989
7, 337
62, 8 1 4
3, 4 9 8

245, 723
137, 359
7, 313
10, 8 0 2
8 5 , 180
5, 069

2 4 3 , 085
140, 8 6 4
10, 8 9 2
377
1 ,
8 3 , 943
6, 009

165, 058 Net c a p i t a l f o r m a t i o n
Households
99, 056
Farm b u s i n e s s
- 3 , 455
Nonfarm noncorp. business
- 3 , 256
N o n f i n a n c i a l corp. bus.
67, 4 4 0
Private finan. insts.
5, 251

13
14
15
16
17
18

31, 2 5 2 Net f o r e i g n i n v e s t m e n t
Net f i n a n c i a l i n v e s t m e n t :
Private sectors
96, 942
Households
103, 8 5 4
Farm b u s i n e s s
3, 9 2 0
Nonfarm noncorp. business
3,.256
N o n f i n a n c i a l corp. bus.
- 2 6 , 514
Private finan. insts.
12, 2 2 6

20
21
22
23
24
25

Public sectors
S t a t e 8 local g o v e r n m e n t s
U.S. g o v e r n m e n t
Sponsored credit agencies
Monetary authority

26
27
28
29
50

19

4, 485

- 7 , 498

2 4 , 031

14, 752

- 1 6 , 536

- 2 ,.470

25,.896

20
21
22
23
24
25

634
1 •
79, 960
- 6 , 255
-22, 527
- 5 0 , 616
1, 072

8, 2 7 8
62, 5 9 7
- 2 , 681
- 1 0 , 254
- 3 7 , 254
- 4 , 130

94, 751
104, 678
-6, 568
4 98
10, 648
- 1 4 ,.505

58, 359
76, 5 7 9
- 2 , 355
1, 164
- 1 9 , 137
2, 108

28,.901
72, 081
- 6 , 698
- 7 ,,337
- 3 1 ,.603
2, 4 5 8

32, 339
61, 8 9 2
- 6 , 411
-10,
- 2 4 ,.217
.877
11 ,

67, 179
61 ,187
- 9 ,.977
.577
-1 ,
1 .366
,
15,,980

26
27
28
29
30

-2,854
3, 762
- 7 ,,009
261
132

- 1 2 ,,621
-3,
,675
-9, 544
4 68
130

-80, 542
-6, 439
- 7 4 ,• 610
271
236

— 5 6 , 153
2, 737
- 5 9 , 269
331
48

- 3 8 , 566
16,,900
- 5 6 ,,044
355
223

- 3 2 , 598
5,,930
- 3 9 ,,728
520
680

- 2 0 , 062
3,
,360
- 2 4 ,,198
556
220

9,
,822

12, 546

- 6 ,,871

,211
-2,

-21 ,
,221

257,,879
110,,877
7,
,692
46 ,907
74 ,435
- 1 4 ,911
,057
3,

358,r 044
164 ,050
10 ,969
65 ,559
96 ,636
- 1 6 ,637
4 ,193

5 4 5 ,636
2 2 0 ,464
33,,290
96 ,815
162 ,299
- 2 5 ,298
7 ,472

520,,058
184 ,774
18 • 034
122,,083
148 ,268
- 4 3 ,175
3,
,724

611,,437 R e v a l . of p h y s i c a l a s s e t s
Households
188,,950
Farm b u s i n e s s
51,,021
Nonfarm noncorp. business
152 •055
N o n f i n a n c i a l c o r p . bus.
208 • 599
-45,
,129 - I n v e n t o r y v a l u a t i o n adj.
P r i v a t e finan. insts.
7 ,725

,155
-3,

31

5,, 705

32
33
34
35
36
37
38

2 2 0 , 722
8 6 ,209
24,,697
,
30, 604
59 ,236
- 2 0 ,022
-46

428 ,
,321
145 ,
,218
14 , 8 2 8
•
53,,028
171 ,391
- 3 9 ,457
4 ,399

220,>592
78:,199
5,,662
29,-771
94,,511
- 1 0 ,,952
1 ,497
,

39
40
41
42
43

220
100
68
47
4

4 2 8 ,321
120,443
208 ,843
55 ,255
43 ,780

220
76
109
11
23

44
45
46
47
48
49

128 ,318
55,934
53 ,885
25 ,841
12 ,407
251

50
51
52
53
54
55

-3
618
467
- 1 ,087

56
57
58
59
60
61
62

362 ,287
368 ,309
263 ,356
7 ,827
19 ,965
68 ,372
8 ,789

63
64
65
66
67

- 6 ,022
3 ,762
- 1 0 ,177
261
132

,722
,478
,200
,436
,608

-1

3, 146
,

Unallocated

financial

flows

31
32
33
34
35
36
37
38

879
,805
,493
,436
, 145

358
190
127
21
19

-044
,249
,227
,130
,438

545
233
221
53
36

,636
,760
,773
,921
,182

520
255
160
73
50

,058
,073
,521
,626
,838

611
216
259
72
62

,437 R e v a l u a t i o n s by type of asset
Residential structures
,591
P l a n t and e q u i p m e n t
,484
Inventories
,804
Consumer durables
,758

39
40
41
42
43

176
57
71
33
13

,717
,437
,245
,957
, 932
146

207
82
45
57
22

,617
,172
,516
,013
,653
263

294
105
81
73
33

,635
,596
, 149
,228
,929
733

329
103
101
91
32

.440
,709
,700
,947
,031
53

505
82
69
102
50

,665 C h a n g e in land v a l u e s
Households
, 159
Farm b u s i n e s s
,154
Nonfarm noncorp. business
,877
N o n f i n a n c i al corp. b u s i n e s s
,710
P r i v a t e finan. i n s t s .
763

44
45
46
47
48
49

- 1 Adj. to capital c o n s u m p t i o n
Households
909
Farm b u s i n e s s
1 ,399
Nonfarm noncorp. business
- 2 ,308
Nonfinancial corp. business
-1
Private finan. insts.
-

50
51
52
53
54
55
56
57
58
59
60
61
62

95 ,006
18 ,866
46 ,702
25 ,638
6 , 125
-325

-1
368
549
-918

-1
423
672
- 1 ,093
-2
-1

-3
473
768
- 1 ,243

360 ,273
379 ,384
242 ,993
8 ,530
22 ,677
101 ,322
3 ,862
- 1 9 ,111
- 3 ,675
- 1 6 ,034
468
130

-2
773
1 ,195
- 1 ,967
-1

-1
644
1 ,027
- 1 ,673
1

-1

-1
548
891
- 1 ,440
1
-1

369 , 129
4 5 0 ,994
2 9 8 ,554
10 ,336
26 ,107
122 ,902
- 6 ,905

441 .348
501 ,474
314 ,096
11 ,215
28 ,514
137 ,783
9 ,866

5 1 8 ,887
5 5 9 ,923
35b ,306
12 ,390
31 ,945
148 ,002
11 ,280

622 ,164
656 ,735
38 9 ,595
14 ,459
36 ,564
192 ,780
23 ,337

720 ,916
745 ,723
4 1 7 ,255
16 ,258
42 ,935
239 ,663
29 ,612

Total gross d o m e s t i c i n v e s t m e n t ,
Flow of F u n d s b a s i s
684 ,336
Private sectors
758 , 189
Households
446 ,548
Farm b u s i n e s s
18 ,058
Nonfarm noncorp. business
4 9 ,850
Nonfinancial corp. busines
2 1 7 ,585
Private finan. institution
26 ,548

- 8 1 ,865
- 6 ,439
- 7 5 ,933
271
236

- 6 0 , 126
2 ,737
- 6 3 ,242
331
48

— 4 1 ,036
16 ,900
- 5 8 ,514
355
223

- 3 4 ,571
5 ,930
- 4 1 ,701
520
680

- 2 4 ,807
3 ,560
- 2 8 ,943
556
220

- 7 5 ,855
- 6 ,026
- 6 8 ,337
337
173

-

19

257
127
97
18
14

,029
,762
,635
,233
,891
508

111
31
29
26
22

Data are in m i l l i o n s of d o l l a r s .




•592
,400
,914
,139
,139

- 6 8 ,.856
- 6 . 026
- 6 3 ,,340
337
173

1
2
3
4
5
6

-

-

Public sectors
S t a t e S local g o v e r n m e n t s
U.S. g o v e r n m e n t
Sponsored credit agencies
Monetary authority

63
64
65
66
67

A p r i l 1989
T a n g i b l e Asset H o l d i n g s

T a n g i b l e Asset H o l d i n g s
S t o c k - F l o w R e c o n c i l i a t i o n s for T a n g i b l e A s s e t s

Annual Flows

A n n u a l Flows
1981

1982

1983

652, 188
309, 394
22, 5 0 0
67, 383
2 3 8 , 436
14,.475

691,.797
332,.303
22,.000
70, 5 0 2
250,.967
16,.025

736, 4 6 8
361, 699
21,,200
72, 636
262, 583
18,,350

785, 300
390, 118
20, 5 0 0
78, 688
274, 719
21,.275

8 3 0 , 023
7
412, 092
8
9
20, 536
8 3 , 171 10
290, 574 11
23, 650 12

101, 372
74, 067
- 6 , 650
1, 4 4 5
27, 2 7 6
5, 2 3 4

168, 4 2 6
141, 2 2 8
- 1 8 ,.254
4,,273
34,,708
6,
,471

348,.212
196, 790
- 2 ,.398
14, 291
124,.286
15,,243

323,.528
216,.582
- 1 4 ,.639
13,,739
86,,957
20,,889

336,.032
241,,955
- 1 3 ,,648
20,,579
64,,167
22,,979

349,,475
254,,005
- 1 0 ,,716
,750
-1 ,
8 4 ,024
23,,912

387, 177
278, 177
- 5 , 696
- 9 , 586
101, 149
23, 133

27,. 392

30, 8 3 4

- 2 8 ,,350

- 7 1 ,,844

- 1 0 4 ,,164

- 1 3 3 ,,397

- 1 5 1 ,,327

76, 958
148,,088
- 4 ,,530
— 1 4 i 159
•
- 3 9 ,,330
- 1 3 ,,111

175, 4 3 9
190,,123
7, 147
- 1 ,,445
- 9 ,,220
- 1 1 , 166

155,,899
167,,911
18, 8 3 2
- 4 ,.273
- 1 9 ,.538
- 7 ,,033

117,,549
174,,584
3, 066
- 1 4 ,,291
- 2 4 ,,225
,585
-21 ,

78,,139
105,,841
,496
15,
- 1 3 ,,739
-13,912
- 1 5 ,,547

- 7 8 ,,654
- 1 ,,827
- 7 7 ,,774
4 98
449

- 1 5 2 ,.936
-792
- 1 5 3 ,,398
,107
1,
147

- 1 8 6 ,,619
.634
4 ,
- 1 9 2 ,,627
867
507

29,,088

8,,331

,370
2,

- 1 6 ,,896

598, 553
2 8 0 , 913
20, 4 5 5
63, 767
2 2 1 , 393
12, 025

13 N e t c a p i t a l f o r m a t i o n
14
Households
Farm business
15
16
Nonfarm noncorp. business
N o n f i n a n c i a l corp. bus.
17
P r i v a t e finan. insts.
18

205, 035
97, 687
4, 753
14, 159
8 2 , 902
5,.534

31

Unallocated

f i n a n c i a l flows

1217,,200
690, 269
14, 8 4 0
73, 585
391, 723
46, 783

622, 974
295, 2 9 7
22,,400 .
64, 181
228, 196
12, 900

5 5 0 , 352
2 6 4 , 363
19, 363
57, 359
198, 782
10, 485

Public sectors
State 8 local g o v e r n m e n t s
U.S. g o v e r n m e n t
S p o n s o r e d credit a g e n c i e s
Monetary authority

1988

1134, 775
644, 123
9, 784
76, 938
358, 743
45, 187

7 Capital consumption
8
Households
9
Farm business
Nonfarm noncorp. business
10
N o n f i n a n c i a l corp. bus.
11
P r i v a t e f i n a n . insts.
12

26
27
28
29
30

1987

1072, 500
603, 654
7, 5 5 2
93, 215
326, 750
41, 329

791, 4 0 0
436, 5 2 5
4, 146
68, 454
262, 904
19, 371

19 Net foreign i n v e s t m e n t
Net f i n a n c i a l i n v e s t m e n t :
Private sectors
Households
Farm b u s i n e s s
Nonfarm noncorp. business
N o n f i n a n c i a l corp. bus.
P r i v a t e finan. i n s t s .

1986

1015, 325
548,,885
,361
7,
8 4 ,,241
337, 924
36,.914

699, 925
354, 980
13, 8 0 5
65, 2 1 2
2 4 8 , 669
17, 2 5 9

20
21
22
23
24
25

1985

1000, 4 0 0
5 0 6 ,,184
20, 102
8 1 . 674
362, 722
29, 718

755, 387
362, 050
24, 116
71, 5 1 8
2 8 1 , 684
16, 019

1 P u r c h a s e s of p h y s i c a l a s s e t s
Households
2
Farm business
3
Nonfarm noncorp. business
4
5
N o n f i n a n c i a l corp. bus.
6
Private finan. insts.

1984

- 1 7 2 ,,497
,
19, 151
- 1 9 3 ,.090
867
575

89,,780
139,,136
,287
14,
- 2 0 .• 5 7 9
- 3 9 ,,463
-3,
,601

1
2
3
4
5
6

13
14
15
16
17
18

- 1 1 9 ,,790 19

4 7 ,216
109:,027
11 ,645
1 ,750
,
-54,
,803
,403
-20,

68,,963
141,,547
,068
7,
9,
,586
-62,
,623
-26,
,615

20
21
22
23
24
25

- 1 9 5 ,,655
-15 ,
,629
- 1 7 8 , 976
728
- 1 ,.778

26
27
28
29
30

- 1 9 4 ,,313
22,,848
- 2 1 4 ,,574
,443
-1 ,
- 1 ,144
,

- 2 2 2 ,,195
13 ,
,436
- 2 3 3 ,,314
-433
,884
-1,

- 1 8 7 ,,076
,515
-1,
- 1 8 4 ,,094
358
- 1 ,825

,010
12,

-982

- 1 1 ,467

6,
.902 31

32 R e v a l . of p h y s i c a l a s s e t s
Households
33
34
Farm business
Nonfarm noncorp. business
35
36
N o n f i n a n c i a l corp. bus.
37 - Inventory v a l u a t i o n adj.
38
P r i v a t e f i n a n . insts.

5401,896
162,,094
,553
11,
120,,074
215,, 129
- 2 4 , 189
,
7,
,857

64,,954
- 6 7 ,,382
5,
,441
36,,309
76 ,705
,350
-10,
3,
,531

2 3 3 ,469
113 ,532
22,,820
52,,292
33,
,297
- 1 0 ,900
628

177,,248
2 8 ,590
4 ,548
66 ,966
69 ,515
- 5 ,800
,829
1,

114
32
-1
57
30
-1
-5

,323
,011
,546
,502
,312
,675
,631

149 ,576
73 ,865
,286
1,
30 ,441
49 ,869
8 ,350
2 ,465

365 ,753
,544
151 ,
11 ,502
,
88,822
94 ,477
- 1 8 ,025
1 ,383

343,,851
75,,064
15,
,698
64 • 108
158, 987
-25,
,924
6,
,070

32
33
34
35
36
37
38

39 R e v a l u a t i o n s by type of asset
Residential structures
40
P l a n t and e q u i p m e n t
41
Inventories
42
Consumer durables
43

540,,896
207,,064
2 6 9 ,025
2 5 ,668
39 ,139

64,,954
,624
-57,
107 ,589
,021
7,
,968
7,

233
151
56
22
2

,469
,829
,342
,806
,492

177 ,248
105 ,264
8 8 ,425
3 ,276
- 1 9 ,717

114
82
39
-5
-1

,323
,539
,011
,949
,278

149
87
67
-15
11

365
186
107
39
32

,753
,002
,823
,185
,743

343, 851
76,,105
179,,295
45 .457
42,.994

39
40
41
42
43

44 C h a n g e in land values
Households
45
46
Farm business
Nonfarm noncorp. business
47
48
N o n f i n a n c i a l corp. b u s i n e s s
49
P r i v a t e f i n a n . insts.

279
124
-11
113
51

53
5
-38
55
31

,487
,151
,978
,942
,015
357

169
92
-16
69
24

,443
,209
,868
,190
,424
488

5 8 ,647
5 5 ,905
- 1 1 3 ,056
75 ,592
39 ,010
1 ,196

194 ,236
121 ,859
- 5 2 ,507
91 ,592
31 ,959
1 ,333

2 0 0 ,111
102 ,098
10 ,264
61 ,318
24 ,728
1 ,703

172,,006
70 .939
27 ,894
46 ,434
25 ,174
1 ,565

44
45
46
47
48
49

13
1 ,113
,680
1
- 2 ,782
9
-7

27
1 ,160
106
- 1 ,259
-12
32

11
1 ,242
100
- 1 ,321
6
-16

-1
957
139
- 1 ,032
-44
-21

11
3 ,564
144
- 3 ,626
-67
-4

722 ,428
8 8 3 ,155
545 ,103
20 ,952
63 ,767
247 ,240
6 ,093

760 ,680
955 ,084
604 ,436
2 2 ,978
64 ,181
251 ,151
12 ,338

945 ,452
1125 ,851
680 ,768
2 3 ,168
67 ,383
346 ,399
8 ,133

899
1097
654
22
70
328
21

,151
,840
,726
,857
,502
,388
,367

940 ,085
1169 ,474
742 ,790
21 ,839
72 ,636
2 9 4 ,481
37 ,728

994 ,915
1184 ,927
753 , 150
21 ,429
78 ,688
306 ,876
24 ,784

1090
1290
831
21
83
333
20

,508
,260
,816
,908
,171
,197
,168

56
57
58
59
60
61
62

- 1 6 0 ,727
-792
- 1 6 1 ,189
1 ,107
147

- 1 9 4 ,404
4 ,634
- 2 0 0 ,412
867
507

- 1 8 0 ,399
19 , 151
- 2 0 0 ,992
867
575

-198
22
-218
-1
-1

,689
,848
,950
,443
, 144

- 2 2 9 ,389
13 ,436
- 2 4 0 ,508
-433
- 1 ,884

- 1 9 0 ,012
- 1 ,515
- 1 8 7 ,030
358
- 1 ,825

- 1 9 9 ,752
- 1 5 ,629
- 1 8 3 ,073
728
- 1 ,778

63
64
65
66
67

5 0 A d j . to c a p i t a l c o n s u m p t i o n
Households
51
Farm business
52
53
Nonfarm noncorp. business
N o n f i n a n c i a l corp. b u s i n e s s
54
P r i v a t e f i n a n . insts.
55
56
57
58
59
60
61
62
63
64
65
66
67

,171
,350
,095
,136
,935
845

-2
1 ,030
1 ,570
- 2 ,603
1
-

M e m o : Total gross d o m e s t i c I n v e s t m e n t ,
F l o w of F u n d s basis
753 ,691
Private sectors
8 3 7 ,192
Households
5 1 0 ,138
Farm business
19 ,586
Nonfarm noncorp. business
5 7 ,359
N o n f i n a n c i a l corp. b u s i n e s
2 4 7 ,201
Private finan. institution
2 ,908
Public sectors
State 8 local g o v e r n m e n t s
U.S. government
S p o n s o r e d credit a g e n c i e s
Monetary authority

D a t a are in m i l l i o n s of d o l l a r s .




- 8 3 ,501
- 1 ,827
- 8 2 ,621
498
449

70 , 183
5 0 ,237
- 8 7 ,123
75 ,118
30 ,840
1 ,111
4 ,685
5 ,952
149
- 1 ,389
-13
-14

,576
,200
,135
,969
,210

16 ,729 50
14 ,028 51
- 6 6 52
- 3 ,694 53
5 ,747 54
714 55

April 1989
Households

Households

41

Sector Stock-Flow Reconciliation Statement

Annual Flows

Annual F l o w s
1950

1951

1952

1953

1954

1955

H o u s e h o l d s , P e r s o n a l T r u s t s , and N o n p r o f i t O r g a n i z a t i o n s

40,038

50,581

58,271

57,922

60,753

58,214

68,945

74,466 G r o s s i n v . , F l o w of F u n d s basis

1

17,853

19,848

23,139

25,582

27,777

30,763

32,353

36,142 - Capital consump. allow.,NIPA

2

38,324

= Net i n v e s t m e n t f l o w ,
Balance Sheet basis

3

4
5
6

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

200
30,963
30,763

206
32,559
32,353

214 - D e p r e c i a t i o n v a l u a t i o n adj.
36,356
Depreciation charges
36,142
- C a p . c o n s u m p . a l l o w . , NIPA

7

1,172
21,203
18-02 3
38,054

15,817
43,554
20,024
47,761

12,846
37,017
23,328
47,499

3,106
24,108
25,777
46,779

-2,068

-259
20,773
30,963
51,995

2,987
33,846
32,559
63,418

8 , 3 4 4 + R e v a l . of p h y s i c a l a s s e t s
7
34,435
C h a n g e in value
8
36,356
Depreciation charges
9
62,447
- G r o s s p u r c h a s e s , F O F basis 10

1,172
1,935
-180
-583

15,817
8,541
785
6,691

12,846
7,055
930
4,861

3,106
2,021
216
869

-2,068

-259
2,651
— 34
-2,876

2,987
4,501
921
-2,435

8

9
10
11

12
13
14

21 ,603
27,975
51,646
-632
-170

-1 ,266

8,344
1,439
1,124
5.781
9.173

16
17
18

8,614
9,309
695

1,826

12,683
14,136
1,453

-9,057
-8,015
1,042

71,890
72,605
715

50,161
51,274
1,113

4
7,866
7,862

53
7,877
7,824

2,265
10,797
8,532

2,622
2,279
-343

7,636
5-411
-2,225

13,320
10,902
-2,418

20,804
22,630

23,541
24,218
677

19
20
21

5,576
5,576

6,148
6,148

6,294
6,294

7
7,663
7,656

23
24

374
887
513

26,460
30,289
3,829

19,655
20,940
1,285

3,567
3,038
-529

26

34,212

101,122

92,085

54,223

26,819

110,048

109,634

27

187,941

207,475

227,593

239,795

255,105

260,597

278,771

Data are in m i l l i o n s of d o l l a r s .




• C h a n g e in the value of
land h o l d i n g s

11
12
13
14
15

16,780 + R e v a l . of c o r p o r a t e e q u i t i e s 16
18,794
C h a n g e in value
17
2,014
-Net purchases
18

5
9,514
9,509

+ R e v a l . of life i n s u r a n c e 8
p e n s i o n fund r e s e r v e s
C h a n g e in value
-Net acquisitions

19,843 • R e v a l . of n o n c o r p . e q u i t y
18,202
C h a n g e in value
-1,641
- N e t inv. in n o n c o r p . bus.
1 • Other revaluations

-1

-24

737

25

R e v a l u a t i o n by type of asset
Residential structures
N o n r e s . plant 8 e q u i p m e n t
Consumer durables

4
5
6

9 2 , 2 5 6 = C h a n g e in net w o r t h
297,542 Memo:

Disp. personal income

19
20
21
22
23
24
25
26
27

A p r i l 1989
Households

Households

4 2

Sector Stock-Flow Reconciliation Statement

Annual F l o w s

A n n u a l Flows

H o u s e h o l d s , P e r s o n a l T r u s t s , and N o n p r o f i t O r g a n i z a t i o n s

1 G r o s s i n v . , F l o w of F u n d s basis

76,,136

75,,757

801 269

82,,673

83,,325

97, 038

90,

109,,701

1
2

38,,934

40,,980

43, 078

44,,591

46,,264

47,,620

49, 5 2 2

51,,889

= Net i n v e s t m e n t flow,
B a l a n c e S h e e t basis
3

37,,202

34,,777

37, 191

38,,082

37,,061

43,, 194

47, 516

57,,812

3

4
5
6

D e p r e c i a t i o n v a l u a t i o n adj.
Depreciation charges
- C a p . c o n s u m p . a l l o w . , NIPA

218
39,, 152
38,,934

222
,202
41 ,
40,,980

229
43, 307
43, 078

236
44 ,
,827
4 4 ,591

244
46,,508
46,,264

256
47,,876
47,,620

270
49,,792
49,,522

286
52,,175
51,,889

4
5
6

R e v a l . of p h y s i c a l a s s e t s
C h a n g e in value
Depreciation charges
- G r o s s p u r c h a s e s , F O F basis

- 3 ,,888
,050
19,
39,,152
62,,090

3,
,423
21,,375
41,,202
59,,154

- 1 , 147
24, 940
43, 307
69,,394

,952
-3,
20,,580
44,,827
69,,359

,596
-1,
18 ,041
46 ,508
66,,145

,888
-2,
21 ,
,717
47,,876
72,,481

,719
-6,
,506
49,,792
,017
79,

3 ,484
7
36 ,366 8
9
52,,175
8 5 ,057 10

R e v a l u a t i o n by type of asset
Residential structures
N o n r e s . plant 8 e q u i p m e n t
Consumer durables

- 3 ,,888
-419
122
-3,
,591

3,
,423
,659
11
-292
,056
2!

- 1 ,, 147
-418
-117
-612

- 3 ,952
,067
-260
,625
-2,

- 1 ,596
-580
304
- 1 ,320

,888
-2,
-202
430
- 3 ,116

- 6 ,719
- 5 ,925
594
- 1 ,388

3 ,484
7 ,040
626
- 4 ,182

2

7
8
9
10

-

+

11
12
13
14

Capital consump. allow.,NIPA

+

C h a n g e in the value of
land h o l d i n g s

+

R e v a l . of c o r p o r a t e e q u i t i e s
C h a n g e in value
-Net purchases

•

R e v a l . of life i n s u r a n c e 8
pension fund r e s e r v e s
C h a n g e in value
-Net acquisitions

15
16
17
18
19
20
21
22
23
24

+

R e v a l . of n o n c o r p . e q u i t y
C h a n g e in value
- N e t inv. in n o n c o r p . bus.

25

+

Other revaluations

26 = C h a n g e in net worth
27 M e m o :

D i s p . p e r s o n a l income

Data are in m i l l i o n s of d o l l a r s .




11
12
13
14

3,
,641

,865
3,

4,,190

10,
,114

4 ,111

3 ,816

2 ,883

5 ,831 15

- 3 9 ,,163
- 3 7 ,,705
,458
1,

104 ,
,177
105,,929
,752
1,

28,.114
28, 680
566

- 6 ,513
- 6 ,534
-21

104 ,282
105 ,346
1 ,064

- 6 2 ,281
- 6 3 ,711
- 1 ,430

78 ,007
76 ,420
- 1 ,587

5 0 ,940 16
5 0 , 6 2 5 17
-315 18

-662
8 ,826
9 ,488

,733
2,
13 ,111
•
10 ,378

,246
1,
13,,115
11,,869

88
11 ,636
11 ,548

4 ,201
16 ,284
12 ,083

- 3 ,274
9 ,750
13 ,024

3 ,926
17 ,800
13 ,874

4 ,064 19
20 ,445 20
16 ,381 21

13 ,640
12 ,513
- 1 ,127

15 ,158
15 ,233
75

,382
11 ,
,905
7,
- 3 ,,477

8 ,710
5 ,872
- 2 ,838

9 ,757
9 .808
51

10 ,721
10 ,779
58

10 ,006
11 ,116
1 ,110

16 ,462 22
15 ,656 23
-806 24

1

412

12

-255

679

154

8 3 4 25

10 ,552

163 ,912

81 ,159

4 6 ,305

157 ,317

- 1 0 ,289

135 ,503

139 ,141 26

313 ,969

324 ,886

344 ,629

358 ,928

373 ,774

396 ,167

415 ,834

451 ,413 27

-

April 1989
Households

Households
Sector Stock-Flow Reconciliation Statement

4-3

Annual F l o w s
1965

Annual Flows
1966

1967

1968

1969

1970

1971

1972

H o u s e h o l d s , P e r s o n a l T r u s t s , and M o n p r o f i t O r g a n i z a t i o n s

1

119, 117

130, 4 9 4

141, 2 0 5

149, 5 3 5

147, 948

171, 672

189, 610

216, 4 3 4 G r o s s i n v . , F l o w of F u n d s b a s i s

1

Capital consump. allow.,NIPA

2

2

54, 042

56, 961

61, 773

67, 619

75,,325

8 2 ,,319

90, 201

97, 377

3

65,,075

73,,533

79,,432

8 1 ,,916

72,,623

89,,353

99,,409

119,,057

4
5
6

308
54,-350
54,• 042

337
57, 2 9 8
56,,961

361
62,,134
61,,773

393
68, 012
67,,619

444
75,,769
75,,325

469
82,,788
82,,319

505
90,.706
90, 201

548
97,,925
97,,377

7
8
9
10

-3,
.613
34,, 358
54,,350
92,,321

17,,797
57,,935
57,,298
97,,436

,025
14,
50,,160
62,,134
98,,269

43,-437
89,.399
68,.012
113,,974

36,,179
,913
81 •
75,,769
121,,503

27,,030
63,,647
82,,788
119,,405

43,,790
93,,957
90,,706
140,,873

47,,731
113,,976
97,,925
164,,170

11
12
13
14

,613
-3,
,922
2,
,307
1,
- 7 ,842

17,
,797
,470
16,
2,,065
-738

14,• 025
9, 5 3 8
,023
1,
,464
3,

43,.437
35,,525
3,
,832
4,,080

36,,179
2 8 ,461
4,,428
,290
3,

27,,030
,864
13,
,368
4,
8 ,798

43,,790
41,,857
6,
,384
- 4 ,,451

47,,731
46,,296
5,,274
-3,
,839

15

,823
4,

20,,096

5 ,435

,134
13,

12 ,099

7 ,459

,594
16,

19 ,694

16
17
18

72 ,393
70 ,766
- 1 ,627

,999
-59,
- 6 0 ,133
-134

147 ,814
144!,521
-3:,293

143 ,397
137 ,176
- 6 ,221

- 1 0 9 ,551
- 1 1 1 ,779
- 2 ,228

- 1 6 ,807
- 1 7 ,536
-729

108,,132
103,,814
-4,
,318

96 ,207
8 7 ,403
- 8 ,804

19
20
21

4 ,103
21 ,089
16 ,986

- 5 .000
14 ,327
19 ,327

8 ,396
27 ,150
18 ,754

6 ,590
26 ,532
19 ,942

— 6 ,084
15 ,753
21 ,837

2 ,201
26 ,390
2 4 , 189

15 ,451
43 ,428
2 7 ,977

11 ,841
60 ,292
4 8 ,451

22
23
24

20 ,924
21 ,183
259

27 ,878
27 ,473
-405

17 ,844
16 ,764
- 1 ,080

32 ,735
2 9 ,768
- 2 ,967

30 ,487
24 ,432
- 6 ,055

2 2 ,924
18 ,516
- 4 ,408

45 ,282
43 ,082
- 2 ,200

73 ,061
64 ,399
- 8 ,662

25

-19

10

128

-145

956

- 1 ,517

- 2 ,391

2 7 2 ,713

3 2 0 ,671

36 ,265

130 ,174

325 ,762

365 ,750 = C h a n g e in net w o r t h

26

562 • 092

609 ,582

656 ,687

715 ,595

776 ,784

8 3 9 ,596 M e m o :

27

-

Net i n v e s t m e n t f l o w ,
Balance Sheet basis

3

-

D e p r e c i a t i o n v a l u a t i o n adj.
Depreciation charges
- C a p . consump. allow., NIPA

4
5
6

+

R e v a l . of p h y s i c a l a s s e t s
7
C h a n g e in value
8
Depreciation charges
9
- G r o s s p u r c h a s e s , F O F b a s i s 10

27

163 ,378
486 ,808

73 ,978
5 2 5 ,910

Data are in m i l l i o n s of d o l l a r s .




C h a n g e in the value of
land h o l d i n g s

15

+

R e v a l . of c o r p o r a t e e q u i t i e s 16
C h a n g e in v a l u e
17
-Net purchases
18

+

26

11
12
13
14

+

- 1 ,293

R e v a l u a t i o n by type of asset
Residential structures
N o n r e s . plant 8 e q u i p m e n t
Consumer durables

R e v a l . of life i n s u r a n c e 8
p e n s i o n fund r e s e r v e s
C h a n g e in value
-Net acquisitions

19
20
21

R e v a l . of n o n c o r p . e q u i t y
C h a n g e in v a l u e
- N e t inv. in n o n c o r p . b u s .

22
23
24

Other revaluations

25

+

Disp. personal income

A p r i l 1989
Households

Households

1^1^

Sector Stock-Flow Reconciliation Statement
A n n u a l Flows

Annual Flows
1975

1976

1977

1978

1979

1980

H o u s e h o l d s , P e r s o n a l T r u s t s , and N o n p r o f i t O r g a n i z a t i o n s

1 G r o s s i n v . , F l o w of F u n d s basis

2 6 3 , 356

2 4 2 , 993

298, 5 5 4

314, 096

356, 306

389, 5 9 5

417, 255

446,,548

1

2 - Capital consump. allow.,NIPA

106, 5 6 7

120, 8 2 8

137, 106

151, 657

169, 015

190, 344

2 1 5 , 204

243,,638

2

156, 789

122, 165

161, 4 4 8

162, 4 3 9

187, 291

199, 251

2 0 2 , 051

202,,910

3

644
190, 988
190, 344

773
215, 977
215,,204

909
244,,547
243,,638

4
5
6

3

= N e t i n v e s t m e n t flow,
Balance Sheet basis

4 - D e p r e c i a t i o n v a l u a t i o n adj.
5
Depreciation charges
6
- C a p . consump. allow., NIPA

618
107, 185
106, 5 6 7

368
121,,196
120, 8 2 8

423
137,,529
137,,106

473
152, 130
151, 657

548
169, 5 6 3
169,,015

7 + R e v a l . of p h y s i c a l a s s e t s
8
C h a n g e in value
9
Depreciation charges
10
- G r o s s p u r c h a s e s , F O F basis

8 6 ,.209
162,,420
107,,185
183,,396

145,,218
204,,418
121,,196
180,,396

78,, 199
134,,546
137,,529
193,,876

110, 8 7 7
196,,264
152,,130
237,,517

164,,050
278,,712
169,,563
284,,225

2 2 0 ,,464
357,,179
190,,988
327,,703

184,774
324,,865
215,,977
356,,068

7
188,,930
287,• 077 8
9
244,,547
342,,694 10

86,,209
74,,411
,190
7,
4,,608

145,,218
8 6 ,493
,945
14,
4 3 ,780

110,,877
89,,335
,397
7,
,145
14,

164,,050
134,,076
,536
10,
,438
19,

220,.464
159,,383
24,,899
36,,182

184,,774
126,,907
,029
7,
50,,838

188,,930
108,,864
,308
17,
,758
62,

11
12
13
14
15

R e v a l u a t i o n by type of asset
Residential structures
N o n r e s . plant 8 e q u i p m e n t
Consumer durables
+ C h a n g e in the value of
land h o l d i n g s

16 • R e v a l . of c o r p o r a t e e q u i t i e s
17
C h a n g e in value
18
-Net purchases
19
20
21

• R e v a l . of life i n s u r a n c e &
pension fund r e s e r v e s
C h a n g e in value
-Net acquisitions

2 2 • R e v a l . of n o n c o r p . e q u i t y
23
C h a n g e in value
24
- N e t inv. in n o n c o r p . bus.
25 + Other r e v a l u a t i o n s

78
50
4
23

,199
,934
,126
,139

35,,934

31,,762

18 ,866

57,,437

82,,172

105,,596

103 ,709

8 2 ,159 15

- 2 0 6 ,854
- 2 1 1 ,113
- 4 ,259

- 2 1 3 ,476
- 2 1 5 ,580
- 2 ,104

151 ,874
145 ,684
- 6 ,190

117,,447
116,,955
-492

- 3 8 ,146
- 4 5 ,,491
- 7 ,345

8 ,652
- 3 ,872
- 1 2 ,524

177 ,474
152,,001
- 2 5 ,473

316 ,301 16
306 ,431 17
- 9 ,870 18

- 2 5 ,868
14 ,018
39 ,886

- 2 9 ,243
14 ,466
43 ,709

34 ,895
106 ,816
71 ,921

15 ,572
72 ,214
5 6 ,642

- 1 6 ,185
62 ,375
78 ,560

17 ,354
112 ,376
95 ,022

14 ,423
116 ,257
101 ,834

4 0 ,225 19
158 ,728 20
118 ,503 21

123 ,214
134 ,439
11 ,225

121 ,581
91 ,321
- 3 0 ,260

103 ,157
8 3 ,850
- 1 9 ,307

155 ,666
129 ,900
- 2 5 ,766

176 ,725
156 ,499
- 2 0 ,226

2 7 8 ,684
2 4 6 ,757
- 3 1 ,927

327 ,954
2 6 2 ,733
- 6 5 ,221

330 ,824 22
253 ,968 23
- 7 6 ,856 24

- 6 ,080

3 ,477

2 ,834

-111

354

5 ,548

5 ,545

1 ,468 25

5 5 5 ,713

8 3 4 ,905

1015 ,157

1161 ,908 26

1379 ,341

1551 ,229

1729 ,321

1917 ,973 27

2 6 = C h a n g e in net w o r t h

162 ,726

181 ,116

5 5 0 ,850

618 ,854

27 Memo:

949 ,769

1038 ,372

1142 ,782

1252 ,645

D i s p . p e r s o n a l income

D a t a are in m i l l i o n s of d o l l a r s .




11
12
13
14

April 1989
Households

Households

45

Sector Stock-Flow Reconciliation Statement

Annual Flows

Annual F l o w s
1985
H o u s e h o l d s , P e r s o n a l Trusts,

1
2

5 1 0 , 138
2 6 4 , 363

5 4 5 , 103
2 8 0 , 913

604, 436
295, 297

680, 768
309, 394

1986

1987

and N o n p r o f i t O r g a n i z a t i o n s

654, 726

742, 790

753, 150

8 3 1 , 8 1 6 G r o s s i n v . , F l o w of F u n d s basis

332, 303

361, 699

390, 118

412, 092

-

Capital consump. allow.,NIPA

=

Net i n v e s t m e n t f l o w ,
Balance Sheet basis

3

2 4 5 , 775

2 6 4 , 190

309, 139

371, 374

322, 4 2 3

381, 091

363, 032

4 1 9 , 724

4
5
6

1, 030
265, 393
2 6 4 , 363

1, 113
2 8 2 , 026
280, 913

.160
1,
296,.457
295, 2 9 7

,242
1,
310,,636
309,,394

5, 952
338, 2 5 5
332, 303

957
362 ;656
361, 699

3, 564
393, 682
390, 118

14,.028
426, 120
412, 092

-

D e p r e c i a t i o n v a l u a t i o n adj.
Depreciation charges
- C a p . consump. allow., NIPA

7
8
9
10

162. 094
258,,751
265,• 393
•
362 ! 050

— 67, 382
5,.572
282, 026
354,.980

113,.532
253,,600
296, 4 5 7
436,,525

28,,590
224,,138
310,,636
506,,184

32, 011
242,,641
338, 255
548, 8 8 5

73, 8 6 5
314, 8 6 3
362, 656
603, 654

151,.544
401,.985
393,,682
644,, 123

75- 064
339,•213
426, 120
690,.269

+

R e v a l . of p h y s i c a l a s s e t s
C h a n g e in v a l u e
Depreciation charges
- G r o s s p u r c h a s e s , FOF basis

11
12
13
14

162, 094
105,.579
,376
17,
39,
,139

- 6 7 ,,382
-78,854
3, 5 0 4
,968
7,

113,,532
98,,394
,646
12,
2 ,492

28
38
9
-19

,590
,604
,703
,717

32,.011
27,,798
5,,491
,278
-1,

73,,865
56,.008
6,
,647
,210
11,

151,,544
107,,953
,848
10,
,743
32,

75,,064
,155
24 ,
,915
7,
42,,994

15

124 «350

5 ,151
,

92 ,209

55 ,905

5 0 ,237

121,,859

102 ,098

70 ,939

16
17
18

- 2 2 ,720
- 5 9 ,321
- 3 6 ,601

147 ,990
136 ,078
- 1 1 ,912

179 ,908
181 ,001
1 ,093

71 ,342
19 ,686
- 5 1 ,656

4 8 2 ,451
4 4 7 ,480
- 3 4 ,971

2 9 3 ,023
319 ,152
26 ,129

- 8 1 ,064
- 1 0 0 ,639
- 1 9 ,575

2 3 6 ,410
122 ,940
- 1 1 3 ,470

19
20
21

- 2 7 ,833
90 ,078
117 ,911

41 ,403
189 ,450
148 ,047

61 ,682
2 2 0 ,855
159 ,173

- 1 2 ,555
145 , 102
157 ,657

94 ,790
2 8 0 ,356
185 ,566

8 0 ,912
273 ,565
192 ,653

2 0 ,162
216 ,560
196 ,398

91 ,367
336 ,037
2 4 4 ,670

271 ,956
2 2 3 ,596
— 4 8 ,360

63 ,610
- 2 7 ,772
- 9 1 ,382

130 ,165
5 0 ,531
- 7 9 ,634

43 • 640
- 4 2 ,878
- 8 6 ,518

51 ,891
- 3 7 ,270
- 8 9 ,161

75 ,464
34 ,862
- 4 0 ,602

177 ,075
8 8 ,154
- 8 8 ,921

160 ,171
8 7 ,724
- 7 2 ,447

+

23
24
25

- 4 ,337

8 ,408

3 ,638

- 4 ,374

- 6 ,175

30 ,515

9 ,553

759 ,798

1049 ,200

R e v a l u a t i o n by type of asset
Residential structures
N o n r e s . plant S e q u i p m e n t
Consumer durables
+

26
27

748 ,255
2 1 2 7 ,584

4 6 2 ,257
2261 ,425

8 8 9 ,113
2 4 2 8 ,100

Data are in m i l l i o n s of d o l l a r s .




5 6 0 ,915
2 6 6 8 ,600

1023 ,477
2 8 3 8 ,700

1019 ,082
3019 ,675

3209 ,675

+

R e v a l . of c o r p o r a t e e q u i t i e s
C h a n g e in value
-Net purchases

+

3 ,861

C h a n g e in the v a l u e of
land h o l d i n g s

R e v a l . of life i n s u r a n c e 8
p e n s i o n fund r e s e r v e s
C h a n g e in v a l u e
-Net acquisitions

19
20
21

R e v a l . of n o n c o r p . e q u i t y
C h a n g e in v a l u e
- N e t inv. in n o n c o r p . bus.

22

+

Other revaluations

25

=

C h a n g e in net w o r t h

26

3472 ,923 M e m o :

D i s p . p e r s o n a l income

23
24

27

A p r i l 1989
Farm & Noncorporate Business

46

Farm 8 Noncorporate Business
Sector Stock-Flow Reconciliation Statements
Annual Flows

Annual Flows
1949

1950

1951

1953

1952

1955

1954

1956

Farm Business

1 G r o s s i n v . , F l o w of F u n d s b a s i s
2 + P r o p r i e t o r s ' net i n v e s t m e n t
3 - Capital consump.allow., NIPA
= N e t i n v e s t m e n t flow,
B a l a n c e S h e e t basis

2,092

2,338

2 , 670

2,894

3,031

3,179

3,267

3,442

1

-1,637

-2,431

-1,183

2

560

1,663

1, 644

-271

-1,292

2,069

2,305

2 , 671

2,925

3,082

3,192

3,300

3,485

3

583

1,696

1, 643

-302

-1,343

-1,650

-2,464

-1,226

4

5 - D e p r e c i a t i o n v a l u a t i o n adj.
6
Depreciation charges
7
- C a p . consump. allow., NIPA

81
2,150
2,069

87
2,392
2,305

98
2, 769
2, 671

105
3,030
2,925

112
3,194
3,082

118
3,310
3,192

125
3,425
3,300

139
3,624
3,485

5
6
7

8 + R e v a l . of p h y s i c a l a s s e t s
9
C h a n g e in value
10
Depreciation charges
11
- G r o s s purchases, FOF basis

-1,651
-139
2,150
3,662

6,514
9,431
2,392
5,309

2, 795
5 = 04
8
2,,769
51 778

—565
-24
3,030
3,571

1,087
— 662
3,194
1,445

564
-304
3,310
2,442

1,211
137
3,425
2,351

1,532
8
9
1,212
3,624 10
3,304 11

12
13
14
15

-1,651
187
-64
-1,774

6,514
780
756
4,978

2, 795
614
911
,270
1,

-565
29
1,929
-2,523

1,087
-197
1-968
-684

564
24
1,831
-1,291

1,211
219
2,507
-1,515

-1,799

11,914

7. ,859

481

-1,386

3,225

4,562

4

16

R e v a l u a t i o n by type of asset
Residential structures
N o n r e s . plant & e q u i p m e n t
Inventories
+ C h a n g e in the value of
land h o l d i n g s

17 + O t h e r r e v a l u a t i o n s
18 = C h a n g e in net w o r t h

-

-2,948

-

20,037

-

,199
12,

-

-

-491

-1,754

-

-

1,532
-9
1,085
456

12
13
14
15

6,926 16
-

17

2,021

3,184

7,093 18

6,462

6,778

7,355

1
2

Nonfarm Noncorporate Business

;
1 G r o s s i n v . , F l o w of F u n d s b a s i s
2

+ P r o p r i e t o r s ' net i n v e s t m e n t

k
3 - Capital consump.allow., NIPA
= Net i n v e s t m e n t flow,
B a l a n c e S h e e t basis

4,716

4,999

5 ,695

6,009

6,255

-47

2,166

359

-258

949

-588

13

-458

4,716

4,999

5 ,695

6,009

6,255

6,462

6,778

7,355

3

—4 7

2,166

-359

-258

949

-588

13

-458

4

5 - D e p r e c i a t i o n v a l u a t i o n adj.
6
Depreciation charges
i
7
- C a p . c o n s u m p . a l l o w . , NIPA,

-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

-320
6,142
6,462

-331
6,447
6,778

-352
7,003
7,355

5
6
7

8 + R e v a l . of p h y s i c a l a s s e t s
9
C h a n g e in value
10
Depreciation charges
;
11
- G r o s s p u r c h a s e s , F O F basis

1,416
1,498
4 ,464
4,546

6,380
10,001
4,737
8,358

6 ,807
7 ,481
5 ,406
6 ,080

1,110
1,862
5,708
6,460

185
2,083
5,944
7,842

788
2,458
6,142
7,812

4,253
7,332
6,447
9,526

6,419
8
9
6,599
7,003 10
7,183 11

:
R e v a l u a t i o n by type of asset
Residential structures
N o n r e s . plant & e q u i p m e n t
Inventories

1,416
1,564
330
-478

6,380
3,316
1,812
1,252

6 ,807
4 ,478
2 ,081
248

1,110
2,276
-918
-248

185
1,702
-1,757
240

788
2,135
-1,447
100

4,253
3,665
268
320

6,419
3,216
2,659
544

2,007

2,847

2 ,858

2,341

2,467

3,010

3,345

5 , 2 9 3 16

1

-2

1

-1

3,495

3,910

3,531

7,941

4

12
13
14
15
16

• C h a n g e in the value of
land h o l d i n g s

17 + O t h e r r e v a l u a t i o n s
18 = C h a n g e in net w o r t h
Data are in m i l l i o n s of d o l l a r s .




-

3,628

-

11,655

-

9 ,595

-

12
13
14
15

17

11,606 18

April 1989
Farm 8 N o n c o r p o r a t e B u s i n e s s

Farm 8 Noncorporate Business
Sector Stock-Flow Reconciliation Statements

47

Annual Flows

Annual Flows
1957

1958

1959

1960

1961

1962

1963

1964

Farm Business
3 ,883 G r o s s i n v . . F l o w of F u n d s b a s i s

3,
,627

,695
3,

-705
3,

3,,705

3,
,761

3,,690

-939

,939
-2,

- 1 ,,683

- 1 ,,608

,763
-1,

-2, 505

,295
-2,

•

P r o p r i e t o r s ' net

,599
3,

3i
,659

3,
,732

3!
,740

,734
3,

3,
,762

3,
,807

3 ,893

-

Capital

>416
-2 i

-971

- 2 ,,976

- 1 ,,718

- 1 ,,637

,764
-1,

- 2 ,,622

- 2 ,305

147
3 ! 746
•
,599
3,

157
3,
,816
,659
3,

168
,900
3,
3,
,732

176
,916
3,
3i
,740

183
,917
3,
,734
3,

192
3,
,954
3,
,762

203
4!
.010
3,
,807

212
4 ,105
3 ,893

-

D e p r e c i a t i o n v a l u a t i o n adj.
Depreciation charges
- C a p . consump. allow., NIPA

8
9
10
11

2,,858
,620
1,
,746
3,
2,,508

,413
1,
1 ,723
<
,816
3,
4,
,126

252
65
,900
3•
3,
,713

,524
1.
,156
1,
3,
,916
,548
3,

,027
1,
821
3 •917
3,
,711

,884
1,
,098
2,
3,
,954
4 ,168

710
1, 337
4, 010
4,,637

475
355
4 ,105
3 ,985

+

R e v a l . of p h y s i c a l a s s e t s
C h a n g e in value
Depreciation charges
- G r o s s purchases, FOF basis

12
13
14
15

2 ,858
-255
2 • 431
682

,413
1,
-243
,081
1,
575

252
-153
919
-514

1 ,524
•
-157
878
803

1 ,027
=
-176
,039
1,
164

1 ,884
-142
,246
1,
780

710
-348
,
1, 187
-129

16

6 ,473

8 ,955

6,
,546

li,520

5,,651

4 ,272

,889
7,

1

3,
,548

2

>
- 2 , 365

3

4
5
6
7

investment

consump.allow.. NIPA

= Net i n v e s t m e n t f l o w ,
Balance Sheet basis

R e v a l u a t i o n by type of asset
Residential structures
Nonres. plant 8 equipment
Inventories

475
256
602
-383
+

17
18

-

6 ,768

-

-

9 ,240

-

3,
,654

,150
1,

-

4,,858

-

4 ,200

-

C h a n g e in the v a l u e of
land h o l d i n g s

+

Other

8 ,643
-

revaluations

5,,774

6 ,601 = C h a n g e in net w o r t h

9 ,569 G r o s s i n v . , F l o w of F u n d s b a s i s

Nonfarm Noncorporate Business

1

7 ,784

7 ,986

8 ,226

8 ,469

8,,635

8 ,864

9,
,155

2

1 ,238

1 ,014

-538

,155
-1,

,659
1,

1 ,821

3,
,615

1 ,489

+

P r o p r i e t o r s ' net i n v e s t m e n t

3

7 ,784

7 ,986

8,,226

8 ,469

8 ,635
•

8 ,864

9,
,155

9 ,569

-

Capital consump.allow., NIPA

4

1 ,238

1 ,014

-538

,155
-1,

,659
1,

1 ,821

,615
3,

1 ,489

Net i n v e s t m e n t f l o w ,
Balance Sheet basis

5
6
7

-369
7 ,415
7 ,784

-380
7 ,606
7 ,986

-396
,830
7,
8 ,226

-413
8 ,056
8 ,469

-430
8 ,205
8 ,635

-448
8 ,416
8 ,864

-475
8,,680
9,
,155

499
9 ,070
9 ,569

D e p r e c i a t i o n v a l u a t i o n adj.
Depreciation charges
- C a p . consump. allow., NIPA

8
9
10
11

1 ,459
3 ,593 '
7 • 415
9 ,549

1 ,740
2 ,863
7 ,606
8 ,729

1 ,056
4 ,116
,830
,890
10,

649
,679
2 ,
8 ,056
,086
10,

-461
3 ,001
8 ,205
,667
11,

1 ,091
5 ,949
8 ,416
13 ,274

,853
-1,
4 ,799
8 ,680
15,
,332

3 ,310
10 ,166
9 ,070
15 ,926

12
13
14
15

1 ,459
1 ,835
-637
261

1 ,740
1 ,699
:
-365
406

,056
1,
,906
1,
-295
-555

649
•
1 • 890
-803
-438

-461
,
1 ,492
-359
- 1 ,,594

1 ,091
1 ,005
-120
206

,853
-1,
-954
252
-1,
,151

3 ,310
3 ,007
993
-690

R e v a l u a t i o n by type of asset
Residential structures
N o n r e s . plant 8 e q u i p m e n t
Inventories

16

3,
,154

3 ,505

,590
3.

4,,895

,663
3,

3 ,514

3,
,507

4 ,218

C h a n g e in the value of
land h o l d i n g s

7

17

-2

1

3

18

6 ,218

6 ,640

4 ,507

Data are in m i l l i o n s of d o l l a r s .




-

4 ,802

-

5,,291

-1

2

1

6 ,873

,746
5,

9 ,517

+

+

R e v a l . of p h y s i c a l a s s e t s
C h a n g e in v a l u e
Depreciation charges
- G r o s s purchases, FOF basis

Other revaluations
C h a n g e in net w o r t h

April 1989
Farm 8 Noncorporate Business

48

Farm 8 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

4,092

4,370

4,593

4,895

5,312

5,639

5,957

6,777

1

-1,201

-1,866

-287

242

-653

107

-978

-2,365

2

4,046

4,288

4,552

4,852

5,251

5,631

5,942

6,605

3

-1,155

-1,784

-246

285

-592

115

-963

-2,193

4

5 - Depreciation valuation adj.
6
Depreciation charges
7
- C a p . consump. allow., NIPA

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

349
5,980
5,631

373
6,315
5,942

421
7,026
6,605

5
6
7

8 + Reval. of physical assets
9
Change in value
10
Depreciation charges
11
- G r o s s purchases, FOF basis

3,571
5,756
4,273
6,458

1,660
3,024
4,533
5,897

1,272
3,501
4,817
7,046

4,780
5,991
5,140
6,351

6,579
7,788
5,571
6,780

2,123
3,530
5,980
7,387

7,404
10,230
6,315
9,141

12
13
14
15

3,571
58
1,055
2,458

1,660
775
1,402
-517

1,272
440
989
-157

4,780
1,526
2,179
1,075

6,579
1,353
2,625

2,123
744
2,085
-706

7,404
1,666
2,836
2,902

3,806

11,953

Revaluation by type of asset
Residential structures
Nonres. plant 8 equipment
Inventories

2,601

+ Change in the value of
16
land holdings

-358

728

5,337

17 + Other revaluations
18 = Change in net worth

18,749

13,693 8
15,943
9
7,026 10
9,276 11
13,693
1,698
3,957
8,038

12
13
14
15

24,499 16
8

17

35,586 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

10,101

10,850

11,614

12,583

13,831

14,971

16,426

17,989

1

1,460

1,461

-793

-3,209

-5,402

-4,515

-1,222

-6,297

2

10,101

10,850

11,614

12,583

13,831

14,971

16,426

17,989

3

1,460

1,461

-793

-3,209

-5,402

-4,515

-1,222

-6,297

4

5 - Depreciation valuation adj.
6
Depreciation charges
7
- C a p . consump. allow., NIPA

-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

-817
14,154
14,971

-880
15,546
16,426

-967
17,022
17,989

5
6
7

8 + Reval. of physical assets
9
Change in value
10
Depreciation charges
11
- G r o s s purchases, FOF basis

3,294
11,081
9,564
17,351

9,806
15,793
10,267
16,254

5,098
11,356
10,985
17,243

17,149
23,872
11 ,899
18,622

15,473
25,308
13,066
22,901

11,310
20,851
14,154
23,695

19,682
34,305
15,546
30,169

17,880 8
39,997
9
17,022 10
39,139 11

3,294
1,638
1,682
-26

9,806
6,729
2,961
116

5,098
3,741
2,234
-877

17,149
12,398
4,604
147

15,473
10,749
4,927
-203

11,310
5,207
5,665
438

19,682
11,018
6,852
1,812

17,880
11,512
5,525
843

3,968

8,443

2,252

5,626

4,058

6,912

-1

-9

8

-7

1,883

-607

- 1 2 17

9,258

20,284

7,194

16,455

13,553

25,645

31,304 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.




12
13
14
15

18,766 16

April 1989
Farm 8 N o n c o r p o r a t e B u s i n e s s

Farm 8 Noncorporate Business

49

Sector Stock-Flow Reconciliation Statements

Annual Flows

Annual F l o w s
1973
Farm Busines

18, 058 G r o s s i n v . , F l o w of F u n d s b a s i s

827

8,530

10, 336

11, 2 1 5

12, 390

14, 459

16. 2 5 8

2

- 1 .8 3 7

—4, 871

- 1 , 700

- 7 , 028

- 6 , 129

- 9 . 393

- 1 2 . 621

3

7. 2 2 8

8 , 308

9, 789

10, 771

12. 099

13, 5 5 7

15. 343

4

- 1 , 238

- 4 , 649

- 1 , 153

-6,584

—5. 838

- 8 , 491

- 1 1 , 706

5
6
7

467
7, 695
7, 228

549
8,857
8 , 308

672
10, 461
9, 789

768
11, 5 3 9
10, 771

891
12, 990
12, 099

1, 027
14, 5 8 4
13, 5 5 7

1, 193
16, 536
15, 343

1, 399 18, 990
17, 591

8
9
10
11

24, 697
31, 084
7, 695
14,,082

14, 8 2 8
17 ,182
8, 8 5 7
11,,211

5, 6 6 2
12, 105
10, 461
16, 904

7, 692
9, 723
11,,539
13, 5 7 0

10, 969
17, 067
12, 990
19, 088

33, 2 9 0
39, 576
14, 5 8 4
20, 8 7 0

18, 034
27, 733
16, 5 3 6
26, 235

8
31, 021 • R e v a l . of p h y s i c a l a s s e t s
C h a n g e in value
9
26,,169
Depreciation charges
10
18, 990
- G r o s s p u r c h a s e s . F O F b a s i s 11
14, 138

12
13
14
15

24, 697
,791
2 i
4-.113
,793
17,

14, 8 2 8
3, 496
,820
12,
,488
-1,

5, 662
2, 021
5, 141
-1, 500

7,,692
3,,210
,035
7,
- 2 ,,553

10, 969
4,,600
8,,350
- 1 ,,981

33,,290
5,,546
15,
,474
12, 270

18, 034
5,,363
10,,716
,955
1,

31, 021
4, 8 4 6
16,,447
,728
9,

16

53 ,885

29,,635

46,,702

71,,245

45,,516

81,,149

101,,700

69,,154

17

215

14

-11

-37

18

77 ,092

39 ,279

50,,528

71,,548

1

7-

-

49,,756

17, 591 - C a p i t a l c o n s u m p . a l l o w . , N I P A

- 1 8 , 261

106,,814

= N e t i n v e s t m e n t flow.
B a l a n c e S h e e t basis
D e p r e c i a t i o n v a l u a t i o n adj.
Depreciation charges
-Cap. consump. allow., NIPA

R e v a l u a t i o n by type of asset
Residential structures
N o n r e s . plant 8 e q u i p m e n t
Inventories
+ C h a n g e in the value of
land h o l d i n g s
• Other revaluations

-21

-

104,,921

- 1 8 , 728 + P r o p r i e t o r s ' net i n v e s t m e n t

80,,515 = C h a n g e in net w o r t h

12
13
14
15
16
17
18

Nonfarm Noncorporate Business

1

19 .965

2 2 ,677

2 8 ,514

31 ,945

36 ,564

4 2 ,935

2

12 ,112

- 2 6 ,145

- 1 8 ,036

-18 ,546

- 1 3 ,865

- 2 2 ,796

- 5 3 ,321

3

19 ,965

22 ,677

2 6 ,107

28 ,514

31 ,945

36 ,564

42 ,935

4

12 ,112

- 2 6 ,145

- 1 8 ,036

- 1 8 ,546

- 1 3 ,865

- 2 2 ,796

- 5 3 ,321

- 1 ,243
2 7 ,271
28 ,514

- 1 ,440
30 ,505
31 ,945

- 1 .673
34 .891
36 ,564

- 1 ,967
4 0 ,968
4 2 ,935

46
46
27
27

65
74
30
39

,559
,336
,505
,282

96 ,813
109 ,288
34 ,891
47 ,366

26 • 107

4 9 ,850 G r o s s i n v . . F l o w of F u n d s b a s i s
- 5 8 ,844 • P r o p r i e t o r s ' net i n v e s t m e n t

3

= Net i n v e s t m e n t f l o w ,
Balance Sheet basis

4

- 5 8 ,844

- 2 ,308 4 7 ,542
49 ,850

- 1 ,087
18 .878
19 ,965

-918
21 ,759
22 ,677

- 1 ,093
25 ,014
2 6 ,107

8
9
10
11

30 ,604
54 ,218
18 ,878
4 2 ,492

53 ,028
64 ,200
21 ,759
32 ,931

29
30
25
25

12
13
14
15

30 ,604
2 0 ,633
9 ,101
870

53 ,028
27 ,683
24 ,479
866

2 9 ,771
21 ,928, „
10 ,787
,944

46 ,907
34 ,328
12 ,000
579

65 ,559
5 0 ,760
16 ,205
- 1 .406

96 ,813
66,515
30 ,478
-180

122 ,083
98 ,859
19 ,191
4 ,033

132 ,033
98 ,270
31 ,524
2 .239

16

25 ,841

2 6 ,233

2 3 ,638

33 ,957

5 7 ,013

73 .228

91 ,947

102 ,877

17

- 7 ,850

1

-36

-8

311

18

61 ,794

5 4 .035

36 .430

63 ,553

110 .458

Data are in m i l l i o n s of d o l l a r s .




,907
,986
,271
,350

-

148 .918

122
125
40
44

,083
,427
,968
,312

-1
162 .675

2

4 9 ,850 - C a p i t a l c o n s u m p . a l l o w . . N I P A

5
6
7

,771
.366
,014
,609

1

D e p r e c i a t i o n v a l u a t i o n adj.
Depreciation charges
-Cap. consump. allow., NIPA

5
6
7

8
132 ,033 • R e v a l . of p h y s i c a l a s s e t s
C h a n g e in value
9
131 ,085
Depreciation charges
10
4 7 ,542
- G r o s s p u r c h a s e s . F O F b a s i s 11
46 ,594
R e v a l u a t i o n by type of asset
Residential structures
N o n r e s . plant 8 e q u i p m e n t
Inventories
• C h a n g e in the value of
land h o l d i n g s

- 1 • Other revaluations
178 ,373 = C h a n g e in net w o r t h

12
13
14
15
16
17
18

A p r i l 1989
Farm & Noncorporate Business

Farm 8 Noncorporate Business
Sector Stock-Flow Reconciliation Statements

50

Annual Flows

Annual Flows
1981

1982

1985

1984

1985

1986

1987

1988

Farm Business

1 G r o s s i n v . . F l o w of F u n d s b a s i s
P r o p r i e t o r s ' net i n v e s t m e n t

2
3

Capital consump.allow., NIPA

-

Net i n v e s t m e n t flow,
Balance Sheet basis

4

22, 978

2 3 , 168

22,857

21,859

21, 4 2 9

21, 908

1

- 2 0 , 734

— 1, 308

1, 9 3 7

5 , 021

758

- 1 ,555

2

19, 363

20, 455

22, 4 0 0

22, 500

2 2 , 000

21, 200

20, 5 0 0

20, 536

3

- 1 0 , 574

- 1 1 , 903

- 2 0 , 156

•640

2 , 794

5 , 660

1, 687

•161

4
5
6
7

1, 570
20, 933
19, 363

1, 680
22, 135
20, 4 5 5

106
22,.506
22,,400

100
2 2 , 600
22, 500

149
2 2 , 149
2 2 , 000

139
2 1 , 339
21 ,2 0 0

144
20, 644
20, 500

— 66
20, 4 7 0
20, 556

R e v a l . of p h y s i c a l a s s e t s
C h a n g e in value
Depreciation charges
- G r o s s p u r c h a s e s , FOF basis

11, 553
14, 736
20,,933
24,,116

5, 441
- 2 ,889
22,,135
13,,805

22, 8 2 0
4,,460
22,,506
4,, 146

4, 5 4 8
2, 050
22,,600
20,,102

- 1 , 546
- 1 6 , 554
22, 149
7, 561

1, 2 8 6
- 1 2 , 501
21, 339
7, 5 5 2

11,,502
642
20- 644
.784
9,

8
15, 698
9
10, 068
20,,470 10
14, 8 4 0 11

R e v a l u a t i o n by type of asset
Residential structures
N o n r e s . plant 8 e q u i p m e n t
Inventories

*

12
13
14
15

11,,553
4,,549
15,,702
- 8 ,>698

5,,441
-540
6,
,837
-856

22,.820
5, 156
.
.072
12,
.592
7,

4,,548
2, 2 0 6
7 ,997
,
- 5 ,,655

- 1 , 546
,404
1,
5, 107
- 6 ,,057

1- 2 8 6
,
1 ,539
,169
3,
- 3 ,,422

,502
11,
2 ,988
,418
4,
,096
4,

,698
15,
,506
1,
8,.167
6,
,225

- 1 1 ,,095

- 3 8 ,.978

-113 =
,056

- 8 7 ,,125

- 5 2 ,,507

,264
10,

27,.894 16

-4,
.071

1

570

515

400 17

- 1 5 ,,757

-47,
.119

- 4 5 .130

23 ,824

45,,897 18

16

C h a n g e in the value of
land h o l d i n g s

17

Other

+

18

2 0 , 952
-12,400

D e p r e c i a t i o n v a l u a t i o n adj.
Depreciation charges
- C a p . consump. allow., NIPA

5
6
7
8
9
10
11

19, 586
- 1 0 , 797

=

revaluations

C h a n g e in net w o r t h

.868
-16,

62

-

>310
-14,

- 1 0 9 ,.186

-

- 8 6 , 024

12
15
14
15

Nonfarm Noncorporate Business

1 G r o s s inv. .Flow of F u n d s basis
Proprietors'

2

net i n v e s t m e n t

-

Capital consump.allow.. NIPA

-

3

Net i n v e s t m e n t flow,
B a l a n c e S h e e t basis

4

63 ,767

64 ,181

67 ,385

70,.502

72 ,636

78 ,688

8 5 ,171

1

- 3 8 ,064

- 8 0 ,310

- 5 9 ,774

- 8 6 ,850

- 9 5 ,,118

- 4 9 ,253

- 8 8 .225

- 7 2 ,999

2

5 7 ,359

63 ,767

64 ,181

67 ,385

70,,502

72 ,656

78 .688

8 5 ,171

3

- 3 8 ,064

- 8 0 ,510

- 5 9 ,774

- 8 6 ,850

- 9 5 ,118

- 4 9 ,255

- 8 8 ,225

- 7 2 ,999

4

- 5 ,694
79 ,477
8 5 ,171

5
6
7

57,• 359

- 2 ,603
54 ,756
57 ,559

- 2 ,782
60 ,985
63 ,767

- 1 ,259
62 ,922
64 ,181

- 1 ,521
66 ,062
67 ,583

- 1 ,589
69 ,115
70 ,502

- 1 ,052
71 ,604
72 ,656

- 5 ,626
75 ,062
78 ,688

,074
,856
,756
,518

56 ,509
40 ,556
60 ,985
65 ,212

52
57
62
68

66
82
66
81

57
72
69
84

30
52
71
93

,441
,052
,604
,215

88 • 822
90 .698
75 ,062
76 ,958

64
58
79
75

R e v a l u a t i o n by type of asset
Residential structures
N o n r e s . plant 8 e q u i p m e n t
Inventories

120 ,074
92 ,224
34 ,925
- 7 ,075

36 ,509
22 ,788
11 ,972
1 ,549

5 2 ,292
4 8 ,284
5 ,361
647

66 ,966
62 ,551
10 ,525
- 6 ,110

5 7 ,502
51 ,117
12 ,250
- 5 ,865

30 ,441
30 ,597
9 ,136
- 9 ,292

8 8 ,822
72 ,976
16 ,882
- 1 ,036

64 ,108
49 • 949
20 ,087
- 5 ,928

+

C h a n g e in the value of
land h o l d i n g s

113 .136

55 ,942

69 ,190

75 ,592

75 ,118

91 ,592

61 ,518

46 ,434 16

+

Other revaluations

4 0 ,000

-2

-2

-4

-1

-1

1 ,450 17

2 3 7 ,749

14 ,721

62 ,965

5 7 ,025

73 ,811

65 ,540

42 ,687 18

5
6
7

D e p r e c i a t i o n v a l u a t i o n adj.
Depreciation charges
-Cap. consump. allow., NIPA

8
9
10
11

R e v a l . of p h y s i c a l a s s e t s
C h a n g e in value
Depreciation charges
- G r o s s p u r c n a s e s , F O F basis

120
136
54
71

12
13
14
15
16
17

18 = C h a n g e in net w o r t h
Data are in m i l l i o n s of d o l l a r s .




,292
,824
, 922
,454

,966
,578
,062
,674

,502
,650
.113
,241

-

4 0 ,891

,108 8
9
,216
,477 10
,585 11
12
15
14
15

April 1989
Nonfinancial Corporate Business

Nonfinancial Corporate Business
Sector Stock-Flow Reconciliation Statement

51

Annual Flows

Annual Flows
1952

1953

1954

Nonfinancial Corporate Business, Excluding Farms

17,959

16, 346

21, 8 2 7

22,,219

22, 304

2 2 , 725

2 5 , 631

1,212

1, 2 8 8

2, 107

2 <
,320

1, 766

1, 5 8 3

1, 719

-

-

2 6 , 050 G r o s s i n v . , F l o w of F u n d s b a s i s
2, 2 5 0
-

-

•
-

Corporate equity issues
M i n . r i g h t s from U.S. govt.
Capital consump.allow., NIPA
I n v e n t o r y v a l u a t i o n adj.

12, 023
,965
—4 i

13,,833
,199
-1,

14,.840
,000
1,

15, 8 5 2
- 1 ,,000

16, 765
300

17, 785
- 1 ,,750

20, 032
- 2 ,,675

,576
10,

,300
11,

8,,699

9,
,218

7, 8 4 3

11,,315

10,,943

11,
11,

-1
.
12 i 022
,023
12,

,833
13,
,833
13,

2
14 ,842
14:,840

2
15 ,854
,852
15,

-1
,764
16,
,765
16,

-1
17,,784
,785
17,

-1
20,.031
20,,032

13

1,893
3,735
11,204
13,046

9
26
12
28

,465
,039
,842
,416

1 ,641
13 ,022
15 • 8 5 4
2 7 ,235

,231
1,
8,,031
,764
16,
23,,564

,438
10,
26,,953
,784
17,
34,,299

,717 + R e v a l . of p h y s i c a l a s s e t s
15,
C h a n g e in value
35, 5 3 9
Depreciation charges
2 0 ,031
- G r o s s p u r c h a s e s (1)
39,,853

14
15
16
17

1,893
10
2,738
-855

11,204
1,856

7
8
9
10

11
12

,508
,478
,022
,992

8
26
13
31

,975
,895
,833
,753

3
13
14
24

-

= Net i n v e s t m e n t flow,
Balance Sheet basis
-

D e p r e c i a t i o n v a l u a t i o n adj.
Depreciation charges
- C a p . c o n s u m p . a l l o w . , NIPA

R e v a l u a t i o n by type of asset
Residential structures
N o n r e s . plant 8 e q u i p m e n t
I n v e n t o r i e s (1)

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

1 ,231
-554
1 ,589
196

10 ,438
-234
9 ,651
1 ,021

15 ,717
232
15 ,009
476

2 ,933

3 ,386

2 ,999

3 ,987

5 ,306

4 ,642

7 ,382

1 ,159 + R e v a l . of fgn. dir. i n v e s t .
C h a n g e in value
3 ,110
-Direct investment
1 ,951

19
20

R e v a l . of dir. inv. in U.S.
C h a n g e in value
-Direct investment

22
23
24

+

19
20
21

415
1,075
660

467
1 ,088
621

683
1 ,191
508

890
1 ,742
852

797
1 ,532
735

711
1 ,378
667

941
1 ,764
823

23
24

98
154
56

370
450
80

177
267
90

155
287
132

148
306
158

258
382
124

246
443
197

-

-

25

-2

-299

15 ,894

15 ,194

14 ,834

-

151
383
232

-

C h a n g e in the value of
land h o l d i n g s

100

-1

+

Other revaluations

25

35 ,050

=

C h a n g e in net w o r t h

26

26

23 ,115

27

10, 576

11,,300

8,,699

,218
9,

,843
7,

,315
11,

,943 = Net i n v e s t m e n t flow
10,

-783
13,,645
9, 988
24,,416

-915
15 ,304
11 ,016
2 7 ,235

,406
-1,
,033
10,
,125
12,
23,,564

,908
-1,
,209
19,
,182
13,
34,,299

,033
-1,
24,,405
,415
14,
39,,853

655

,212
1,

on h i s t o r i c a l cost b a s i s :
T a n g i b l e s and net w o r t h <

-395
5 ,316
7 ,335
13 ,046

,390
-1,
,486
19,
8 ,116
28,,992

32

194

294

321

-261

552

345

33
34
35

- 3 ,869
7 ,335
11 ,204

-3,
,907
8,,116
,023
12,

-4,
,827
,006
9,
,833
13,

,852
-4,
,988
9,
,840
14,

- 4 ,836
11 .016
15 ,852

- 4 ,640
,125
12,
16 ,765

36

415

467

683

890

797

711

941

37

98

370

177

155

148

258

246

38

-

-

-

-2

-299

-

100

13 ,240

14 ,041

39

10 ,096

16 ,268

11 ,875

- 4 ,603
13 , 182
,785
17,

15 ,460

*

R e v a l . of p h y s i c a l a s s e t s
C h a n g e in value
Depreciation charges
- G r o s s p u r c h a s e s (1)

•

28
29
30
31

686
22,,061
,006
9,
31,,753

13 ,484

C h a n g e in the value of
land h o l d i n g s

-

D e p r e c i a t i o n v a l u a t i o n adj.
Depreciation charges
- C a p . consump. allow., NIPA

1 ,159

+

R e v a l . of fgn. dir. i n v e s t .

151

-

R e v a l . of dir. inv. in U.S.

-1

+

Other r e v a l u a t i o n s

- 5 ,617
,415
14,
2 0 ,032

17 ,746 = C h a n g e in net w o r t h

CI) Before inventory valuation adjustment.
Data are in m i l l i o n s of d o l l a r s .




21

2 7 ,191

2 4 ,167

6,
,111

15
16
17

A p r i l 1989
Nonfinancial Corporate Business

N o n f i n a n c i a l C o r p o r a t e Business
Sector Stock-Flow Reconciliation Statement

52

Annual Flows

Annual Flows
1961

1959

1957

1962

Nonfinancial Corporate Business, Excluding Farms

1 G r o s s i n v . , F l o w of F u n d s b a s i s
2 + Corporate equity issues
3 - M i n . r i g h t s from U.S. govt.
4 - Capital consump.allow., NIPA
5 - Inventory v a l u a t i o n adj.

6

= N e t i n v e s t m e n t flow,
B a l a n c e S h e e t basis

7 - D e p r e c i a t i o n v a l u a t i o n adj.
8
Depreciation charges
9
- C a p . consump. allow., NIPA
10 + R e v a l . of p h y s i c a l a s s e t s
11
C h a n g e in value
12
Depreciation charges
13
- G r o s s p u r c h a s e s (1)
14
15
16
17
18

R e v a l u a t i o n by type of asset
Residential structures
N o n r e s . plant 8 e q u i p m e n t
I n v e n t o r i e s (1)
+ C h a n g e in the value of
land h o l d i n g s

2 8 , 401

27, 0 2 7

31, 930

29, 413

31, 8 1 7

38, 710

43,061

1

2, 441

1, 9 6 8

2, 078

1, 365

2, 121

369

341

1,145

2
3

2 2 , 048
- 1 , 525

23, 059
•250

24, 135
277

25, 134
•173

25, 8 8 2
271

26, 8 2 7
26

2 8 , 002
54

29,448
-494

4
5

10, 319

6, 186

10, 150

5, 8 1 7

7, 785

12, 351

10, 313

15,252

6

25,,882
25, 8 8 2

26,,827
26, 8 2 7

28, 002
28, 002

29,448
29,448

7
8
9

2

38,

-

-

22,,050
22, 048

23,,059
23,,059

24, 135
24,,135

1
25,,135
25,,134

6,,518
21,,724
22,,050
,256
37 ,

,888
1,
6,
.877
23,,059
28,,048

3, 8 4 9
17,,951
24:• 135
38,,237

- 1 ,,651
11,,232
25,,135
38,,018

-363
.950
9,
25,,882
36,,195

-541
16,,371
26,.827
43,.739

1, 778
18,,295
28, 002
44,,519

4,436
25,557
29,448
50,569

10
11
12
13

6 .518
63
,745
6,
-290

,888
1,
-330
,931
1,
287

.849
3,
-293
.654
3!
488

- 1 ,,651
239
,086
-2,
196

-363
-188
,148
-1,
973

-541
-306
266
-501

1 ,778
,
-279
779
,278
1,

4,436
182
3,209
1,045

14
15
16
17

,559
7,

6 ,744

5,,787

5,,097

5 ,622

,916
1,

1 ,973
,

3,091

18

198
2 ,852
,654
2,

-292
2 • 559
2 ,851
•

-23
.460
3,
,483
3,

- 1 5 19
3,764 20
3,759 21

171
482
311

-126
220
346

101
332
231

97 22
419 23
322 24

19 + R e v a l . of fgn. dir. i n v e s t .
20
C h a n g e in value
21
-Direct investment

447
,889
2,
,442
2,

Z- ,015

1 ,181

1 ,046
2 ,418
1 ,372

-902
,0
2, 38
2 ,940

2 2 - R e v a l . of dir. inv. in U.S.
23
C h a n g e in value
24
-Direct investment

96
251
155

307
405
98

251
489
238

-9
306
315

-

-154

1

-101

-7

46

222 25

2 0 ,427

8 ,370

12 ,970

13 ,553

13 ,986

2 2 , 8 8 9 26

6 ,186

10 ,150

5 ,817

7 ,785

12 ,351

10 ,313

15,252 27

- 1 ,708
9 ,487
16 ,853
2 8 ,048

-765
19 ,547
17 ,925
38 ,237

-837
18 ,054
19 ,127
38 ,018

265
16 ,105
2 0 ,355
36 ,195

,960
,195
,584
,739

-75
21 ,478
2 2 ,966
44 ,519

-629
25,441
24,499
50,569

25 + O t h e r r e v a l u a t i o n s
26 = C h a n g e in net worth

834

1
2 4 ,746

15 • 345

al cost b a s i s :
10 ,319
2 8 + R e v a l . of p h y s i c a l a s s e t s
29
C h a n g e in value
30
Depreciation charges
31
- G r o s s p u r c h a s e s (1)
32

• C h a n g e in the value of
land h o l d i n g s

33 - D e p r e c i a t i o n v a l u a t i o n adj.
34
Depreciation charges
35
- C a p . consump. allow., NIPA
36 + R e v a l . of fgn. dir. i n v e s t .
37 - R e v a l . of dir. inv. in U.S.
38 + O t h e r r e v a l u a t i o n s
39 = C h a n g e in net w o r t h

- 1 ,323
20 ,253
15 ,700
37 ,256
745
- 6 , 348
15 ,700
,048
447
96
1
16 ,441

(1) B e f o r e i n v e n t o r y v a l u a t i o n a d j u s t m e n t .
D a t a are in m i l l i o n s of d o l l a r s .




-1
20
21
43

28
29
30
31

1 ,514

1 ,607

1 ,519

2 ,054

1 ,858

1 ,858

1,988 32

- 6 ,206
16 ,853
23 ,059

- 6 ,210
17 ,925
24 ,135

- 6 ,007
19 ,127
25 ,134

- 5 •527
20 ,355
2 5 ,882

- 5 ,243
21 ,584
26 ,827

- 5 ,036
22 ,966
28 ,002

- 4 , 9 4 9 33
2 4 . 4 9 9 34
2 9 , 4 4 8 35

834

1 ,046

-902

198

-292

-23

- 1 5 36

251

-9

171

-126

101

97 37

-154

1

-101

-7

46

2 2 2 38

17 ,843

11 ,614

15 ,557

17 ,319

17 ,054

2 1 , 6 7 0 39

307
-

12 ,725

A p r i l 1989
Nonfinancial Corporate Business

Nonfinancial Corporate Business

53

Sector Stock-Flow Reconciliation Statement

Annual Flows

Annual Flows
1967

1968

1969

1970

Nonfinancial Corporate Business. Excluding Farms

1

49 18 2 9

56, 349

56, 913

5 7 , 934

64,,191

58, 918

69, 059

78, 045 G r o s s i n v . . F l o w of F u n d s basis

2
3

-28

259
1 •

2,,397

159
1, 330

,406
3,
44

5,,694
329

11, 4 3 5
717

10, 922
912

-

4
5

31,,459
>245
-1,

34,,281
- 2 ,,107

37,,556
,554
-1,

41, 4 4 8
- 3 , 651

45,,399
,870
-5,

49,,857
-6,
,552

54, 783
- 4 ,,584

60,,111
,610
-6,

-

6

,587
19,

,434
25 i

23,,308

18,,648

28,,024

20,,978

29,,578

34,,554

Net i n v e s t m e n t f l o w ,
Balance Sheet basis

7
8
9

1
31 ,460
,
31,,459

34,,281
34,,281

1
37,,557
37 ,556

-1
41,,447
41,,448

45,,399
45,,399

49,,857
4 9 ,857

1
54,,784
54,,783

-2
60,,109
60,,111

D e p r e c i a t i o n v a l u a t i o n adj.
Depreciation charges
- C a p . consump. allow., NIPA

6
38
31
62

,699
,08 7
,460
,848

,508
13,
56,,634
34,,281
77,,407

,609
13,
4 8 ,794
37,,557
72 ,742

27,,035
63, 303
41,,447
77,,715

28
72
45
89

30
66
49
85

36,,296
70, 4 9 3
54,• 784
88,,981

14
15
16
17

6 ,699
-116
6 ,732
83

13 ,508
868
12 ,405
235

13 ,609
-520
12 ,696
1 ,433

27,,035
,114
1,
24 ,
,324
,597
1,

2 8 ,472
1 ,401
24 ,469
2 ,602

30 ,911
497
31 ,901
- 1 ,487

36,,296
,165
1,
34 ,704
427

31 ,863
,986
2 8 ,056
1 ,821

18

3 ,251

3 ,654

234

26

3 ,656

2 ,649

2 ,979

8 ,399

19
20
21

-17
4 ,803
4 ,820

- 3 ,101
1 ,724
4 ,825

-38
4 ,322
4 ,360

53
3 ,218
3 ,165

226
5 ,157
4 ,931

-203
6 ,565
6 ,768

-338
6 ,119
6 ,457

22
23
24

20
434
414

-169
257
426

171
869
698

84
892
808

-260
1 ,003
1 ,263

-12
1 ,452
1 ,464

276
644
368

10
11
12
13

-

,472
,191
,399
,118

,911
,490
857
,436

31 ,
,863
72,,428
60,,109
100,,674

+

-

+

Corporate equity issues
M i n . r i g h t s from U.S. g o v t .
Capital consump.allow.» NIPA
I n v e n t o r y v a l u a t i o n adj.

R e v a l . of p h y s i c a l a s s e t s
C h a n g e in value
Depreciation charges
- G r o s s p u r c h a s e s CI)
R e v a l u a t i o n by type of asset
Residential structures
N o n r e s . plant 8 e q u i p m e n t
I n v e n t o r i e s CI)

•

C h a n g e in the value of
land h o l d i n g s

-629
5 ,115
5 ,744

+

R e v a l . of fgn. dir. i n v e s t .
C h a n g e in value
-Direct investment

19
20
21

6
954
948

-

R e v a l . of dir. inv. in U.S.
C h a n g e in value
-Direct investment

22

1 ,561

•

Other revaluations

25

23
24

25

29

—4 6

88

772

-155

-50

1 ,927

26

29 ,528

39 ,618

37 ,029

46 ,451

60 ,483

5 4 ,297

70 ,165

27

19,587

25.434

23,308

18,648

28,024

20,978

29,578

28
29
30
31

-1,721
34,763
26,364
62,848

-2,164
46,603
28,640
77,407

-1,064
40,551
31,127
72,742

-33
43,994
33,688
77,715

653
53,044
36,727
89,118

-712
44,834
39,890
85,436

-2,807
43,205
42,969
88,981

32

2,576

2,349

2,175

2,290

4,258

1,652

1,935

33
34
35

-5,095
26,364
21,459

-5,641
28,640
34,281

-6,429
31,127
37,556

-7,760
33,688
41,448

-8,672
36,727
45,399

-9,967
39,890
49,857

-11,814
42,969
54,783

36

-17

-3,101

-38

53

226

-203

-338

- 6 2 9 + R e v a l . of fgn. dir. i n v e s t .

36

37

20

-169

171

84

-260

-12

276

6 - R e v a l . of d i r . inv. in U.S.

37

75 ,744 = C h a n g e in net w o r t h

26

T a n g i b l e s and net w o r t h on h i s t o r i c a l cost b a s i s :

38

29

-46

88

772

-155

-50

1,927

39

25,529

28,282

30,727

29,406

41,938

31,644

41,833

3 4 , 5 5 4 = Net

i n v e s t m e n t flow

1,615 + R e v a l . of p h y s i c a l a s s e t s
55,464
C h a n g e in value
46,825
Depreciation charges
100,674
- G r o s s p u r c h a s e s CI)
2,871

• C h a n g e in the v a l u e of
land h o l d i n g s




32

- 1 3 , 2 8 6 - D e p r e c i a t i o n v a l u a t i o n adj.
33
46,825
Depreciation charges
34
60,111
- C a p . c o n s u m p . a l l o w . , N I P A 35

1,561

+ Other revaluations

5 3 , 2 5 2 = C h a n g e in net w o r t h

(1) B e f o r e i n v e n t o r y v a l u a t i o n a d j u s t m e n t .
Data are in m i l l i o n s of d o l l a r s .

27
28
29
30
31

38
39

Nonfinancial Corporate Business

N o n f i n a n c i a l C o r p o r a t e Business
Sector Stock-Flow Reconciliation Statement

Annual Flows

_
1973

1974

1975

1976

_
1977

^nnual^Flows
1978

1979

1980

Nonfinancial Corporate Business, Excluding Farms

1 G r o s s i n v . , F l o w of F u n d s basis

122, 9 0 2

137, 783

148, 002

192, 780

2 3 9 , 663

2 1 7 , 385

1

12, 8 7 5
4 ,997

2
3

7, 8 8 3
3, 168

4, 097
6, 4 9 0

9, 908
1, 323

10, 5 2 4
3, 973

2 , 727
2, 4 7 0

•101
1, 973

65, 223
- 2 0 , 022

76, 301
-39,457

91, 8 7 8
- 1 0 , 952

102, 301
- 1 4 , 911

114, 321
- 1 6 , 637

129, 8 4 4
- 2 5 , 298

149, 609
- 4 3 , 175

171, 2 6 2
- 4 3 , 129

4
5

27, 8 8 6

62, 085

50, 561

5 6 , 944

50, 5 7 5

8 6 , 160

120, 648

97, 130

6

65,.223
65,.223

76, 301
76, 301

-2
91, 8 7 6
91,.878

102, 301
102, 301

1
114,.322
114, 321

1
129, 8 4 5
129, 8 4 4

-1
149,.608
149,.609

-1
171, 261
171, 2 6 2

7
8
9

59,.236
129, 8 5 5
65,.223
135,,842

171,.391
266, 633
76,.301
171,.543

94, 511
124,.518
91,.876
.883
121 ,

74,.435
139,.992
102, 301
167, 8 5 8

96,.636
176,.086
114,.322
193,.772

162, 299
272,.776
129,.845
240,.322

148,,268
275,,387
149,,608
276,,727

208, 599
319, 169
171,,261
281,,831

10
11
12
13

R e v a l u a t i o n by type of asset
Residential structures
N o n r e s . plant 8 e q u i p m e n t
I n v e n t o r i e s (1)

59,,236
2 ,643
4 7 ,842
8 ,751

171..391
2,.771
152,.200
16,
.420

94,,511
,517
1,
88,,363
4,,631

74, 435
932
68,.004
5,.499

96,.636
813
87,,943
,880
7,

162,.299
2,,316
143,.450
,533
16,

148
3
119
24

,268
,944
,861
,463

208,.599
.411
4,
186,.480
.708
17,

14
15
16
17

C h a n g e in the value of
land h o l d i n g s

12 ,407

22,,891

6 ,125

,932
13,

22,,653

33,,929

32 ,031

50,,710 18

R e v a l . of fgn. dir. i n v e s t .
C h a n g e in value
-Direct investment

82
10 .212
10 ,130

-287
8 ,649
8 ,936

-272
13 ,776
14 ,048

810
,443
12,
,633
11,

,709
-2,
8 ,799
,508
11,

286
,379
16,
,093
16,

-346
26 ,479
26 ,825

6 ,671 19
30 • 22 7 20
23,,556 21

R e v a l . of dir. inv. in U.S.
C h a n g e in value
-Direct investment

2 ,888
5 ,688
2 ,800

-173
4 ,588
4 ,761

-85
2 ,518
2 ,603

,238
-1,
,108
3!
4 ,346

97
3 ,825
3 ,728

-20
7,876
7,896

115
11 ,991
11 ,876

,666 22
11,
28 ,584 23
16 ,918 24

-

Corporate equity issues
M i n . r i g h t s from U.S. g o v t .

4
5

-

Capital consump.allow., NIPA
I n v e n t o r y v a l u a t i o n adj.

+

Net i n v e s t m e n t flow,
B a l a n c e S h e e t basis

6

D e p r e c i a t i o n v a l u a t i o n adj.
Depreciation charges
- C a p . consump. allow., NIPA

7
8
9

+

14
15
16
17
+

18
19
20
21

101, 3 2 2

- 7 ,8 3 6
4, 745

2
3

10
11
12
13

68, 372

+

22
23
24

R e v a l . of p h y s i c a l a s s e t s
C h a n g e in value
Depreciation charges
- G r o s s p u r c h a s e s CI)

25

•

Other revaluations

26

=

C h a n g e in net w o r t h

-

11 ,547

30 ,103

-607

4 ,024

-724

554

3 ,563

4 ,064 25

108 ,270

286 ,356

150 ,405

151 ,383

166 ,333

2 8 3 ,247

304 ,050

355 ,509 26

5 0 ,561

56 ,944

5 0 ,575

8 6 ,160

120 ,648

97 ,130 27

1 ,809
159 ,120
8 3 ,011
2 4 0 ,322

6 ,877
189 ,273
94 ,331
2 7 6 ,727

cost b a s i s :
T a n g i b l e s and net w o r t h on h i s t o r i c a l i
27

=

Net

i n v e s t m e n t flow

R e v a l . of p h y s i c a l a s s e t s
C h a n g e in value
Depreciation charges
- G r o s s p u r c h a s e s CI)

28
29
30
31
+

32

C h a n g e in the value of
land h o l d i n g s
D e p r e c i a t i o n v a l u a t i o n adj.
Depreciation charges
- C a p . consump. allow., NIPA

33
34
35
36

+

R e v a l . of fgn. dir. i n v e s t .

37

-

R e v a l . of dir. inv. in U.S.

2 7 ,886

62 ,085

6 ,703
182 ,129
106 ,405
281 ,831

28
29
30
31

1 ,347
8 6 ,429
5 0 ,760
135 ,842

7 ,208
123 ,071
5 5 .680
171 ,543

3 ,494
64 ,361
61 ,016
121 ,883

- 3 ,057
98 ,002
66 ,799
167 ,858

570
120 ,339
74 ,003
193 ,772

4 ,518

3 ,889

1 ,178

1 ,514

2 ,936

4 ,222

3 ,615

6 ,570 32

- 5 5 ,278
94 ,331
149 ,609

- 6 4 ,857 33
106 ,405 34
171 ,262 35

-346

6 ,671 36
11 ,666 37

- 1 4 ,463
5 0 ,760
65 ,223

- 2 0 ,621
55 ,680
76 ,301

- 3 0 ,862
61 ,016
91 ,878

- 3 5 ,502
66 ,799
102 ,301

-40,318
74 ,003
114 ,321

- 4 6 ,833
8 3 ,011
129 ,844

82

-287

-272

810

- 2 ,709

286

2 ,888

-173

-85

- 1 ,238

97

-20

115

38

Other revaluations

11 ,547

30 ,103

-607

4 ,024

-724

554

3 ,563

4 ,064 38

39

C h a n g e in net w o r t h

56 ,955

123 ,792

8 5 ,301

96 ,975

90 ,869

139 ,884

189 ,520

174 .329 39

(1) Before inventory valuation adjustment.
D a t a are in m i l l i o n s of d o l l a r s .




April 1989
Nonfinancial Corporate Business

Nonfinancial Corporate Business

55

Sector Stock-Flow Reconciliation Statement

Annual Flows

Annual Flows
1983

1984

1985

Nonfinancial Corporate Business, Excluding Farms
333, 197 G r o s s i n v . , F l o w of F u n d s basis

346, 399

328, 388

294, 481

306,

- 7 4 , 475
,902
7,

- 8 1 , 500
4, 376

- 8 0 , 750
7, 194

-76, 500
2, 936

-130, 500
4, 097

228,,196
- 1 0 ,,900

238,.436
- 5 ,,800

2 5 0 , 967
- 1 ,675

262, 5 8 3
8,.350

274,.719
- 1 8 ,.025

290, 5 7 4
- 2 3 ,.924

34, 8 0 6

49,,570

31,,386

- 6 , 780

- 6 4 ,,396

-29, 254

- 6 8 , 050

1
198, 783
198,,782

9
221.,402
221,,393

-12
228,,184
228,,196

6
238, 4 4 2
238,,436

-13
250, 954
250,,967

-44
262, 5 3 9
262,,583

-67
274,.652
274, 719

5, 747
296, 321
290, 5 7 4

10
11
12
13

215,,129
322,,219
198,,783
305,,873

76,,705
114,,322
• 402
259,,019

33,,297
78,,917
228,,184
273,,804

69,,515
199,595
238,,442
368,,522

30, 312
118, 957
250, 954
339, 5 9 9

49,,869
105,,730
262,,539
318,,400

94,.477
196, 5 9 3
274, 652
376, 768

158, 987
278, 313
296, 321
415,,64 7

14
15
16
17

215,,129
4,
,712
193,,165
,252
17,

76,,705
,018
-1,
81,,745
,022
-4,

33,,297
,995
1,
27,,635
3,
,667

69,,515
,903
1,
58,,371
9,
,241

30, 312
2,,220
23,,794
4,,298

49,,869
-944
45,,718
5,
,095

94,,477
2,,085
74,,292
18,,100

158,,987
695
137,,056
21,,236

18

51 ,935

31,,015

24 ,424

39,,010

30,,840

31,,959

24,,728

25,,174

1

247, 201

247, 240

2
3

-11, 450
4. 8 4 7

6, 4 0 0
7, 791

4
5

198, 782
- 2 4 , 189

221, 393
- 1 0 , 350

6

56, 311

7
8
9

251, 151
23,• 5 0 0
,785
7,

+
-

1

Corporate equity issues
M i n . r i g h t s from U.S. govt.

2
3

Capital consump.allow., NIPA
I n v e n t o r y v a l u a t i o n adj.

4
5

19
20
21

3 ,774
16 ,359
,585
12,

,673
-21,
,479
-11,
10 ,194

- 7 ,235
2 ,587
9 ,822

-7,
,226
6 ,007
13,
,233

,433
6,
16, 028
,595
9,

10,
,035
23 ,697
13 ,662

20,,504
4 6 ,761
26,,257

22
23
24

472
25 ,668
25 ,196

2 ,171
15 ,963
13 ,792

435
12 ,382
11 ,947

,163
2,
2 7 ,522
25 ,359

•
1, 010
20,,032
,022
19,

1 ,708
35 ,799
34 ,091

•463
41,,513
41,,976

-400
40,,137
40,,537

10 ,121

-25,
,678

35 ,924

8 5 ,307

6

-

D e p r e c i a t i o n v a l u a t i o n adj.
Depreciation charges
- C a p . consump. allow., NIPA

7
8
9

+

R e v a l . of p h y s i c a l a s s e t s
C h a n g e in v a l u e
Depreciation charges
- G r o s s p u r c h a s e s CI)

10
11
12
13

R e v a l u a t i o n by type of asset
Residential structures
N o n r e s . plant 8 e q u i p m e n t
I n v e n t o r i e s CI)

14
15
16
17

+

,200
1,
,732
17,
16,
,532

Net i n v e s t m e n t flow,
Balance Sheet basis

C h a n g e in the value of
land h o l d i n g s

18

+

R e v a l . of fgn. dir. i n v e s t .
C h a n g e in value
-Direct investment

19
20
21

-

R e v a l . of d i r . inv. in U.S.
C h a n g e in v a l u e
-Direct investment

22
23
24

Other revaluations

6,
,682

25

25

3 ,537

5 ,009

- 1 ,257

- 2 ,474

,442
1,

26

330 ,213

123 ,682

98 ,376

128 ,042

61,,250

27

56 ,311

34 ,806

4 9 ,570

31 ,386

- 6 ,780

28
29
30
31

13 ,562
199 ,712
119 ,723
305 ,873

32

7 ,854

5 ,442

7 ,670

8 ,504

11 ,677

9 ,198

9 ,933

10 ,900

33
34
35

- 7 9 ,059
119 ,723
198 ,782

- 8 7 ,547
133 ,846
221 ,393

- 8 0 ,917
147 ,279
2 2 8 ,196

- 7 6 ,632
161 ,804
2 3 8 ,436

- 7 2 ,518
178 .449
2 5 0 ,967

- 6 8 ,705
193 ,878
2 6 2 ,583

- 6 6 ,651
2 0 8 ,068
2 7 4 ,719

- 6 7 ,851
2 2 2 ,723
2 9 0 ,574

36

3 ,774

- 2 1 ,673

- 7 ,235

- 7 ,226

6 ,433

10 ,035

2 0 ,504

1 ,200

•

R e v a l . of fgn. d i r . i n v e s t .

36

37

472

2 ,171

435

2 ,163

1 ,010

1 ,708

-463

-400

-

R e v a l . of dir. inv. in U . S .

37

Other

38

•

118,,646 = C h a n g e in net w o r t h

26

on h i s t o r i c a l c o s t b a s i s :
T a n g i b l e s and net w o r t h i
— 64 ,396

- 2 9 ,254

8
132
193
318

11
180
208
376

- 6 8 ,050 = N e t i n v e s t m e n t flow

,025
,148
,846
,019

-1
125
147
273

,398
, 127
,279
,804

6 ,613
2 1 3 ,331
161 ,804
368 ,522

5
167
178
339

,968
,118
,449
,599

,209
,731
,878
,400

,453
,153
,068
,768

38

3 ,537

5 ,009

- 1 ,257

- 2 ,474

1 ,442

10 ,121

- 2 5 ,678

39

163 ,625

97 ,935

127 ,832

111 .272

90 ,248

4 0 ,164

5 4 ,072

17
210
222
415

,560
,484
,723
,647

27

6 ,682

+

R e v a l . of p h y s i c a l a s s e t s
C h a n g e in v a l u e
Depreciation charges
- G r o s s p u r c h a s e s CI)

28
29
30
31

+

-11
114
133
259

C h a n g e in the value of
land h o l d i n g s

32

33
D e p r e c i a t i o n v a l u a t i o n adj.
Depreciation charges
34
- C a p . c o n s u m p . a l l o w . , N I P A 35

revaluations

36 ,543 = C h a n g e in net w o r t h

CI) Before inventory valuation adjustment.
Data are in m i l l i o n s of d o l l a r s .




39

A p r i l 1989
Private Financial

Private Financial

Institutions

Institutions

Sector Stock-Flow Reconciliation Statements
Annual Flows

Annual Flows

Private Financial

1 G r o s s i n v . . F l o w of F u n d s b a s i s

,257
1.

2.-134

,188
1,

Institutions

2,,200

,936
1,

,463
3,

2, 2 8 5

2,,182

1

,378
1,
,049
1,

2
3

2
3

-

Corporate equity issues
M u t u a l fund s h a r e s issued

358
327

357
239

488
297

706
531

610
408

856
522

832
780

4

-

Capital consump.allow.. NIPA

271

283

325

352

375

409

434

503

4

-

5

N e t i n v e s t m e n t flow.
Balance Sheet basis

1 ,017

,969
1,

1 ,054

2,,023

1 ,763

,388
3,

,903
1,

,008
2 !

5

6
7
8

R e v a l . of life i n s u r . and
p e n s i o n fund r e s e r v e s
C h a n g e in l i a b i l i t y
- N e t c l a i m s issued

4 ,452
4 ,452

5 ,055
5 ,055

5 ,411
5 .411

7
6 ,662
6 ,655

4
7 ,262
7 ,258

53
7 ,758
7 ,705

,265
10,
,273
8,,008

5
8 ,348
8 ,343

6
7
8

of m u t u a l fund s h a r e s
C h a n g e in value
- S h a r e s issued

1 ,228
1 ,555
327

35
274
239

-160
137
297

-81
450
531

-193
215
408

1 ,441
1 ,963
522

949
1 ,729
780

D e p r e c i a t i o n v a l u a t i o n adj.
Depreciation charges
- C a p . consump. allow.. NIPA

-

-

-

325
325

-1
374
375

-

283
283

-1
351
352

-

271
271

409
409

434
434

503
503

12
13
14

R e v a l . of p h y s i c a l a s s e t s
Inonres. plant & e q u i p m e n t )
C h a n g e in value
Depreciation charges
- G r o s s purchases, FOF basis

-13
73
271
357

220
331
283
394

313
419
325
431

-56
149
351
556

207
265
374
432

13
257
409
653

359
672
434
747

479
728
503
752

15
16
17
18

203

19

9
10
11

+

_ Reval.

12
13
14
+

15
16
17
18
+

C h a n g e in the value of
land h o l d i n g s

+

R e v a l . of c o r p . e q u i t y h l d g s .
C h a n g e in value
- N e t purchases

19
20
21
22
23

Other revaluations

2 4 = C h a n g e in net w o r t h
D a t a are in m i l l i o n s of d o l l a r s .




2

13

53

66

33

76

124

151

1 ,628
2 .506
878

358
1 .347
989

120
845
725

231
1 .609
1 ,378

-263
1 .075
1 ,338

3 .290
4 ,787
1 ,497

4 ,932
6 .416
1 .484

159
9
1 ,208 10
,049 11
1,

333 20
1 ,802 21
1 ,469 22

37

58

-126

-112

-2

-341

-125

- 8 5 23

1 ,454

2 ,623

1 ,587

2 .194

1 ,971

4 ,980

4 .006

2 .774 24

April 1989
Private Financial

Institutions

Private Financial

Institutions

Sector Stock-Flow Reconciliation Statements

7

Annual F l o w s
1957

Annual Flows
1958

1959

1960

1961

Private Financial

1962

1965

1964

Institutions

1

1 ,864

3 ,166

2 ,784

3 ,380

3 ,954

4 ,076

2,192

3 ,698 G r o s s i n v . , F l o w of F u n d s b a s i s

2
3

1 ,409
1 ,070

1 ,798
,596
1,

1 ,965
1 ,698

1 ,584
1 ,383

2 ,559
2 ,125

1 ,901
1 ,661

1 ,739
1 ,400

2 ,178
2 ,006

4

553

576

609

652

685

726

794

867

1

1 ,650

2 ,792

2

2 ,442

2 ,929

3 ,703

3 ,590

1 ,737

2
3

-

Capital consump.allow., NIPA

4

-

5

-

Corporate equity issues
M u t u a l fund s h a r e s issued

Net i n v e s t m e n t f l o w ,
Balance Sheet basis

5

+

3 ,003

„ R e v a l . of life i n s u r . and

6
7
8

-662
8 ,304
8 ,966

,733
12 ,121
9 ,388

1 ,246
12 ,122
10 ,876

88
10 ,634
10 ,546

4 ,201
15,
,275
,074
11,

- 3 ,274
8 ,632
11 ,906

3 ,926
16 ,508
12 ,582

4 ,064
19 ,092
15 ,028

9
10
11

- 1 ,402
-332
1 ,070

2 ,931
4 ,527
1 ,596

879
,577
2,
,698
1,

-175
1 ,208
,383
1,

3 ,724
5 ,849
2,,125

-3,
,265
- 1 ,604
1 ,661

2 ,543
3 ,943
1 ,400

1 ,896
3 ,902
2 ,006

R e v a l . of m u t u a l fund s h a r e s
9
C h a n g e in v a l u e
10
- S h a r e s issued
11

12
13
14

-1
552
553

-

-

-

-

576
576

609
609

652
652

685
685

-1
725
726

-1
793
794

-1
866
867

Depreciation valuation adj.
12
Depreciation charges
13
- C a p . c o n s u m p . a l l o w . , N I P A 14

142
453
552
863

61
351
576
866

113
527
609
,023
1,

280
435
652
807

115
458
685
,028
1,

576
833
725
982

164
717
793
,346
1,

664
1 ,228
866
1 ,430

19

210

218

217

216

271

221

182

262

20
21
22

- 2 ,696
-416
2 ,280

8 ,431
10 ,831
2 ,400

2,,952
6,
,273
3,
,321

175
3,
,605
3,
,430

,091
11,
15,,146
4,,055

,673
-7,
- 3 ,490
4,
,183

8, 8 6 0
,733
12,
3 ,873

16

-132

7,
,271

3,
,122

p e n s i o n fund r e s e r v e s
C h a n g e in l i a b i l i t y
- N e t c l a i m s issued

•

6
7
8

,

23

-359

-345

102

7

24

1 ,012

5 ,493

3,
,701

,694
3,

Data are in m i l l i o n s of d o l l a r s .




R e v a l . of p h y s i c a l a s s e t s
(nonres. plant 8 e q u i p m e n t )
C h a n g e in value
Depreciation charges
- G r o s s p u r c h a s e s , FOF b a s i s

15
16
17
18

•

15
16
17
18

C h a n g e in the value of
land h o l d i n g s

19

8 ,450
12 8 1 7
4 ,367

•

R e v a l . of c o r p . e q u i t y h l d g s . 2 0
C h a n g e in v a l u e
21
-Net purchases
22

-498

109

•

Other revaluations

23

3,
,977

6 ,529

C h a n g e In net w o r t h

24

A p r i l 1989
Private Financial

Institutions

tjg

P r i v a t e F i n a n c i a l Institutions
Sector Stock-Flow Reconciliation Statements

Annual Flows

Annual Flows

1965

1966

1967

1968

Private Financial

1969

1970

1971

1972

Institutions
j

3 ,031

3 ,131

3 ,720

6 ,551

1 ,465

-262

6 ,546

3

•

Corporate equity issues
M u t u a l fund s h a r e s Issued

3 ,247
3 ,220

3 ,710
3 ,634

2 ,615
2 ,535

5 ,442
4 ,816

7 ,071
5 ,735

4 ,533
2 ,551

3 ,137
915

3 ,474
-61

2
3

4

-

Capital consump.allow.. NIPA

980

1 ,109

1 ,273

1 ,497

1 ,644

1 ,799

2 ,031

2 ,267

4

2 ,078

2 ,098

2 ,527

5 ,680

1 ,157

-79

6 ,737

4 ,676

5

4 ,103
19 ,640
15 • 5 3 7

- 5 ,000
12 ,967
17 ,967

8 ,396
25 ,755
17,,359

6 ,590
25,,210
18,,620

- 6 ,084
14 ,168
2 0 ,252

2 ,201
2 3 ,903
21 ,702

15 ,451
40 ,514
25 ,063

11 ,841
57 ,147
45 ,306

6
7
8

= N e t i n v e s t m e n t flow.
5
Balance Sheet basis
-

6
7
8

R e v a l . of life i n s u r . and
p e n s i o n fund r e s e r v e s
C h a n g e in l i a b i l i t y
- N e t c l a i m s issued

|

1 G r o s s i n v . . F l o w of F u n d s b a s i s
2
3

1

9
10
11

-

R e v a l . of m u t u a l fund s h a r e s
C h a n g e in value
- S h a r e s issued

2 ,884
6 ,104
3 ,220

- 4 ,025
-391
3,
.634

6 ,943
9 ,478
2,,535

2,,109
6,,925
4,,816

- 9 ,380
- 3 ,645
5 ,735

- 3 ,327
-776
2 ,551

7 ,720
8 ,635
915

3 ,541
9
3 ,480 10
- 6 1 11

12
13
14

-

Depreciation valuation adj.
Depreciation charges
- C a p . consump. allow.. NIPA

-1
979
980

-1
,108
1,
»109
1,

,273
1,
,273
1,

,497
1,
,497
1,

,644
1,
1,
,644

-1
1 ,798
,799
1,

-1
2 ,030
2 ,031

12
2 ,267 13
2,,267 14

R e v a l . of p h y s i c a l a s s e t s
(nonres. p l a n t & e q u i p m e n t )
C h a n g e in value
Depreciation charges
- G r o s s purchases, FOF basis

719
.617
1,
979
,877
1,

588
1, 728
,
1, 108
2,>248

452
,747
1,
1,
,273
2,,568

-680
2, 8 1 8
1, 4 9 7
4, 995

•781
2,,587
1, 644
5,,012

-539
2,,757
,798
5,,094

-19
,441
3,
2,,030
5,,490

•

15
16
17
18
•

C h a n g e in the value of
land h o l d i n g s

•

R e v a l . of c o r p . e q u i t y h l d g s .
C h a n g e in value
-Net purchases

19
20
21
22
23

Other revaluations

2 4 = C h a n g e in net w o r t h
D a t a are in m i l l i o n s of d o l l a r s .




-1,,152
3, 139
,
2,,267
6,,558

15
16
17
18

232

173

-39

121

220

133

183

188 19

9. 281
15, 211
5. 930

-10, 245
- 4 , 395
5, 8 5 0

19, 096
27, 8 4 7
8, 751

12, 121
22. 789
10. 668

-16, 440
- 4 , 416
12, 024

- 1 . 789
9,,031
10,,820

26,,078
45, 458
19,,380

20,,688 20
42, 122 21
21, 434

340

221

281

185

- 1 . 122

280

247

-660 23

5. 664

1, 8 6 1

6, 978

8 . 358

-1, 502

-867

10,,056

8, 358 24

April 1989
Private Financial

Institutions

Private Financial

Institutions

Sector Stock-Flow Reconciliation Statements

c^g

Annual F l o w s

1973

Annual Flows

1974

1975

1976

Private Financial

>
1

8,,789

3,
,862

- 6 !,905

1977

1978

1979

1980

Institutions
26,,348 G r o s s i n v . , F l o w of F u n d s b a s i s

9 ,866
!

,280
11,

23,,337

29, 612

,445
2,
-72

3, 047
382

5,,022
,865
2,

6 ,391

,623
7,

8,,871

2
3

,019
3,
61

,951
1,
722

975
-92

504
,977
-1 ,

,599
3,
967

4

2 ,571

3,
,219

,908
3,

4,,548

,324
5,

1

-

Corporate equity issues
M u t u a l fund s h a r e s issued

2
3

-

+

9,
,176

- 9 ,746

1 ,872

7 ,799

8,,588

19 ,463

24, 654

4

Net i n v e s t m e n t f l o w ,
Balance Sheet basis

5

-

5

Capital consump.allow., NIPA

-

R e v a l . of life i n s u r . and
p e n s i o n fund r e s e r v e s
C h a n g e in l i a b i l i t y
- N e t c l a i m s issued

6
7
8

,634
19,

,572
15,
67 ,475
51 ,903

- 1 6 ,,185
55,,726
71,,911

17 ,354
105 ,156
8 7 ,802

,423
14,
108,,077
93,,654

40,,225
149,,935
109,,710

7 ,975
7,
,883
-92

5 ,453
3,
,476
- 1 , 977

- 1 ,987
- 1 ,020
967

631
559
-72

5, 357
5,,739
382

7,
,155
,020
10,
,865
2,

3 ,219
3 ,219

-1
3 ,907
3 ,908

-1
4,,547
4 ,548

-1
5 ,323
5 ,324

6 ,391
6 ,391

,623
7,
,623
7,

8 ,871
8 ,871

-46
5 ,101
2 ,570
7 ,717

4 ,399
9 ,172
3 ,219
7 ,992

1 ,497
5 ,190
,907
3.
7 ,600

3
6
4
7

,057
,268
,547
,758

4 ,193
7 ,692
5 ,325
8 ,822

7 ,472
12 • 541
6 ,391
11 ,460

3 ,724
9 ,733
,623
7,
13,
,632

7 ,725
12 ,976
8 ,871
14 ,122

251

508

-325

146

263

733

53

763

- 5 2 ,365
- 4 6 ,723
5 ,642

4 6 ,763
57 ,935
11 ,172

25 ,324
34 ,064
8 ,740

- 1 9 ,022
- 7 ,864
11 ,158

22 ,073
34 ,805
12 ,732

23 ,834
4 2 ,494
18 ,660

54 ,318
77 ,312
2 2 ,994

6
7
8

- 2 5 ,868
H i ,708
37,,576

- 2 9 ,243
11 ,612
40:,855

9
10
11

,352
-12,
- 1 2 ,291
61

- 1 2 ,206
- 1 1 ,484
722

12
13
14

-1
2 ,570
2 ,571

15
16
17
18
19

34 • 8 9 5
103,,020
68,,125

-

23

609

382

1 ,286

2 ,058

-551

- 1 ,365

,768
1,

24

3 ,491

- 3 ,755

- 3 ,394

,360
17,

11 ,644

30 ,391

34 ,253

Data are in m i l l i o n s of d o l l a r s .




1 ,361

D e p r e c i a t i o n v a l u a t i o n adj.
12
Depreciation charges
13
- C a p . c o n s u m p . a l l o w . , NIPA 14
R e v a l . of p h y s i c a l a s s e t s
Cnonres. plant & e q u i p m e n t )
C h a n g e in value
Depreciation charges
- G r o s s p u r c h a s e s , FOF b a s i s

15
16
17
18

+

- 4 4 ,720
- 3 2 , 743
11 ,977

R e v a l . of m u t u a l fund s h a r e s
9
C h a n g e in v a l u e
10
- S h a r e s issued
11

+

20
21
22

-

C h a n g e in the v a l u e of
land h o l d i n g s

19

+

R e v a l . of c o r p . e q u i t y h l d g s . 20
C h a n g e in value
21
-Net purchases

•

Other revaluations

36 ,421 = C h a n g e in net w o r t h

23
24

A p r i l 1989
Private Financial

Institutions

6 0

Private Financial

Annual Flows

Annual Flows
1981

1982

1983

1984

Private Financial
1 G r o s s i n v . . F l o w of F u n d s b a s i s
2
3
4

+

Corporate equity issues
M u t u a l fund s h a r e s issued

-

Capital consump.allow., NIPA

= Net i n v e s t m e n t f l o w ,
5
Balance Sheet basis
-

6
7
8

R e v a l . of life insur. and
p e n s i o n fund r e s e r v e s
C h a n g e in l i a b i l i t y
- N e t c l a i m s issued

Institutions

Sector Stock-Flow Reconciliation Statements

1985

1986

1987

1988

Institutions

2 ,908

6 ,093

12 ,338

8 ,133

21 ,367

37 ,728

2 4 ,784

2 0 ,168

1

6 ,406
3 ,717

13 ,443
8 ,769

30 ,873
2 7 ,224

37 ,536
29 ,340

97 • 8 9 8
8 4 ,379

173 ,341
161 ,834

92 ,405
72 ,303

15 ,244
- 2 ,002

2
3

10 ,485

12 ,025

12 ,900

14 ,475

16 ,025

18 ,350

21 ,275

23 ,650

4

,888
—4 :

- 1 ,258

3 ,087

1 ,854

18 ,861

30 ,885

2 3 ,611

13 ,764

5

- 2 7 ,833
8 0 ,038
107 ,871

41 ,403
177 ,523
136 ,120

61 ,682
2 0 6 ,616
144 ,934

- 1 2 ,555
126 ,916
139 ,471

94 ,790
261 ,252
166 ,462

8 0 ,912
2 5 2 ,494
171 ,582

20 ,162
197,,384
177 , 2 2 2

91 ,367
316 ,080
224 ,713

6
7
8

9
10
11

-

R e v a l . of m u t u a l fund s h a r e s
C h a n g e in value
- S h a r e s issued

- 5 ,684
,967
-1,
3,
,717

8 ,241
17 ,010
8 ,769

8 ,046
35,,270
2 7 ,224

- 4 ,782
24 ,558
29 ,340

19 ,172
103 ,551
8 4 ,379

11 ,409
173 ,243
161 ,834

- 2 5 ,632
4 6 ,671
72 ,303

9
17 ,060
15 ,058 10
- 2 ,002 11

12
13
14

-

D e p r e c i a t i o n v a l u a t i o n adj.
Depreciation charges
- C a p . consump. allow., NIPA

10,,485
10,,485

-7
12 ,018
,025
12,

32
,932
12,
12,,900

-16
14 ,459
14,
,475

-14
16,
,011
16,
,025

-21
18 ,329
,350
18,

-4
21,,271
21,,275

714 12
24 ,364 13
23 ,650 14

R e v a l . of p h y s i c a l a s s e t s
Inonres. plant 8 e q u i p m e n t )
C h a n g e in v a l u e
Depreciation charges
- G r o s s purchases, FOF basis

,857
7,
13,,391
10, 4 8 5
16,,019

3,
,531
8,,772
12,
,018
,259
17,

628
,067
7,
12,,932
19, 371

,829
1,
,088
17,
14,,459
29, 718

- 5 ,,631
15,,272
16,,011
36,,914

2,,465
25,,465
18, 329
41,,329

1, 383
25, 2 9 9
21, 271
45, 187

6,
,070
28,,489
24,,364
46, 783

+

15
16
17
18
•

C h a n g e in the value of
land h o l d i n g s

•

R e v a l . of c o r p . e q u i t y h l d g s .
C h a n g e in value
-Net purchases

19
20
21
22
23

Other revaluations

2 4 = C h a n g e in net w o r t h
D a t a are in m i l l i o n s of d o l l a r s .




15
16
17
18

845

357

488

,196
1,

1,
,111

,333
1,

1, 703

1, 5 6 5 19

- 3 5 , 386
- 7 , 334
28, 052

54, 756
8 2 , 183
27, 4 2 7

8 2 , 764
131, 100
48, 336

- 1 1 , 754
1, 516
13,,270

137,,297
171,,472
34,,175

120,.017
155, 944
35,,927

25, 792
50, 8 5 5
25, 063

131, 947 20
126, 392 21
- 5 , 5 5 5 22

264

- 2 , 643

433

45,,196

9,,856

8 , 935

- 1 3 , 312

- 2 ,,146 23

2, 2 0 9

5,,106

16, 774

55,,674

47, 5 4 6

71, 335

4 4 , 651

42, 059 24