The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
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 8 6 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 21 ,.793 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 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 1351 ,817 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 19,,507 31,,263 17,,804 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 - 2 9 ,,799 - 1 9 7 ,,042 443 - 2 4 2 ,,308 - 3 4 ,596 - 2 0 8 ,,190 478 - 2 4 9 ,018 - 3 8 ,255 - 2 1 1 ,271 508 - 11,,586 " 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 4 3 7 i,037 90, 906 60,,417 76,• 728 46,,239 - 2 5 0 ,,512 - 4 1 ,.478 - 2 0 9 ,,573 539 - 9,,280 ,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 - 2 6 8 ,,412 - 4 8 ,838 - 2 2 0 ,,214 640 - 8,,995 - 2 7 2 ,040 - 5 0 ,857 ,882 -221 , 699 ~ 10,,457 - 2 7 8 ,952 -53,,899 - 2 2 5 ,• 801 748 " 21 22 23 24 25 26 27 28 29 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 14,,065 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 8 6 1 ,,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 - 5 9 ,,267 - 2 2 8 ,,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 - - 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 . 10 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 Total consolidated d o m e s t i c net assets 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) Nonfarm noncorp. business Farm business 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 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 30 U n a l l o c a t e d 1974 are financial in m i l l i o n s 1975 1976 1977 1978 1979 Outstandings 1980 3 9 0 7 ,,157 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 4 7 0 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 of 14,348 87,888 13,229 91,125 13,896 114,206 assets 3 9 7 6 ,,530 4 6 5 1 ,,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 3 7 1 ,• 3 2 7 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 4 6 1 ,,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 . Data Cost sector: 18 19 20 25 26 27 28 29 at C u r r e n t (25(3) 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 12 13 14 15 16 17 Tangibles values 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 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 11021,143 12052,115 12462,096 13021,407 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 (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 ,866 948 ,484 2 7 0 ,722 1280 ,083 602,,321 1124 326 1402 603 21 22 23 24 770 248 910 389 ,540 ,842 ,736 ,038 8 6 4 ,015 253 ,948 1081 ,288 471,,221 25 26 27 28 29 -791 -81 -715 4 ,579 ,265 ,110 ,796 -944 -82 -868 6 30 - - 1 5 ,782 ,791 ,057 ,837 ,103 -1130 -77 -1060 6 - - 1 3 ,144 ,692 • 423 ,239 ,970 - - 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 - 2 2 ,,503 - 1 8 8 9 ,,688 6,,319 - 9 5 ,411 - 8 1 ,,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 10 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 6,,928 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 F inancial 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 11,,291 16 ,462 26 ,796 146,,192 3,,020 226,>903 12,, 957 19,,007 30,,090 161,,498 3,,351 251,,838 14,,806 21,,440 33,,166 178,,656 3,,770 267,,074 15,,790 ,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 19,,639 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 17,,937 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 15,,890 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 1 2 3 4 5 6 171,,877 23 243 47 78 64 52 ,165 ,120 ,082 . 144 ,935 884 2 7 2 ,142 56 ,293 8 5 ,003 69 ,437 60 ,317 1 ,087 24 25 26 27 28 29 764 301 108 165 185 4 ,146 ,084 ,171 ,439 , 168 ,284 831 329 116 174 205 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 ,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 7,,591 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 7,,607 432,,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 6,,076 425,,962 305,,663 6 ,241 19,,235 8 8 ,475 6 ,348 441,,560 318,,004 6,,564 19,,186 91,,048 6,,758 459,,106 330,,988 7,,129 19, 091 94,,537 7,,361 471,,540 339,,884 7,,513 18,,795 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 15,,780 102:,781 149,,508 25,,700 15,,129 108 ,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 2,,884 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 ,481 922 367 131 185 232 5 969 ,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 ,327 ,230 ,529 ,217 ,381 ,970 ,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 19,,185 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 12,,460 590,,951 47,,686 36,,105 72,,705 420,,267 14,,188 640,,677 51,,320 38,,600 77,,454 457,,368 15,,935 709,,247 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 10,,891 596,,380 429,,580 10 ,681 20,,517 123,,952 11,,650 667 480 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 2 8 3 ,210 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 15,,576 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 ,547 ,663 ,690 ,894 ,011 ,289 1379,,981 581,,116 190,,150 271,,116 324,,913 12,,686 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 12 314 ,217 343 ,730 372 ,434 393 ,731 4 2 4 ,684 23 ,958 ,098 ,219 , 146 ,245 ,250 5 3 5 .380 138 ,232 169 ,502 119 ,004 105 ,271 3 ,371 559 150 172 124 108 3 ,891 ,331 ,412 ,630 ,927 ,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 1448,,405 611,,614 201,,099 281,,664 340 ,778 13,,250 1582,,388 682,,810 210,,779 307,,138 366 666 14,,995 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 35 510 125 163 114 105 3 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 19,,450 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 24 25 26 27 28 29 816 230 266 180 135 4 927 ,510 261 ,774 296 ,190 206 ,440 158 ,252 4 ,854 1022 280 342 230 164 4 ,516 ,640 ,892 ,078 ,377 ,529 1199 338 414 264 178 4 2984,,170 1293,,192 368,,707 592,,280 700,,869 29,,122 3238 1394 420 641 751 29 ,322 ,204 ,590 ,967 ,871 ,690 3651, 181 1590, 2 4 7 499,,632 716, 372 813,,543 31, 387 30 31 32 33 34 35 ,481 ,012 ,555 ,207 ,361 ,346 2576,,546 1152,,182 328 ,553 515;,357 575 • 415 25;,039 5 9 5 ,699 463 60 27 375 ,282 ,200 ,910 ,172 652 ,753 ,233 ,077 ,137 ,035 ,309 ,675 725 ,497 1406 420 459 321 200 4 ,850 ,249 ,653 ,048 ,962 ,938 4202, 797 1877,,585 556,,374 837, 209 8 9 7 644 33,,985 8 2 0 ,462 1701 525 540 394 234 5 ,485 ,845 ,802 ,276 ,891 ,671 4987,,756 2244,,477 656 ,128 1002,,718 1044, 393 40,,040 925 ,294 2030 629 642 486 2b6 5 ,925 ,554 ,502 ,223 ,922 ,724 5737,,184 2566,,976 767,,965 1201,,787 1158,,954 41,,502 ,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) 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 6483 2839 850 1420 1326 45 ,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 1 2 0 ,,073 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 2 0 6 1 ,,311 3 6 1 1 ,,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 3 7 7 1 ,,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 2 7 8 =,694 165, 0 4 0 5 1 6 ,,376 2 9 2 8 ,,746 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 7,,332 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 5 3 1 ,,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 3 3 6 1 ,,866 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 12,,957 108,,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 1,,096 9, 191 6,-764 17,,531 288 9,,529 6,,973 18 ,425 420 11,,543 6,,970 19,,089 466 13,,373 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 3,,070 106,,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 21 ,,051 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 1,,020 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 1,,515 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 11,.095 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 5,.130 989 3,.375 814 3,.605 971 3, 8 9 2 44 45 1,,819 884 2, 5 1 9 951 2, 393 1,.034 2, 5 6 9 1,.133 3,.032 1,.212 4,.131 1, 2 9 8 4, 8 1 6 1,.381 4, 773 1, 5 3 0 46 904 1, 007 1,.086 1,.162 1,,254 1,.341 1,.482 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 2,,299 155 ,284 73 ,910 4 6 ,445 25,,400 2,,065 158 ,098 75 ,530 46 • 968 26,,872 1,,690 160 ,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 1,,315 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 15,,818 386,,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 1,,156 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 1,.669 32 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 Year-End 1965 1966 1967 Households, 1968 Personal Trusts, 1969 and 1970 Nonprofit 1971 1972 1 766, 263 844, 294 899,889 1002, 422 1096, 434 1167, 540 1278, 091 1 4 1 1 , 761 666,696 387,8 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, 693 945, 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 2 3 9 , 182 8 7 , 921 57, 667 20, 477 9, 7 7 7 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 10 ,,301 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 Tangible assets 1 Reproducible assets Residential structures Owner-occupied housing Nonprofit institutions Nonprofit plant & equip. Consumer durables Land O w n e r - o c c u p i ed Nonprofit institutions 3049, 292 Total 12 13 14 15 16 36, 4 1 2 8: 9 7 9 42,, 186 • 788 5 ! Outstandings Organizations 2 3 4 5 6 7 23 24 25 1 3 Cost Outstandings 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 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 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 1610, 115 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 3,,443 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 17,,930 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!,561 491 ,,676 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 16,,236 32 72,,374 33 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 4 2 5 7 ,,978 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 3421 ,,915 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,• 350 221 ,,685 249,,742 84,,816 85,.615 70,,838 270,,264 66 , 140 74 , ,613 81 ,,558 Land O w n e r - o c c u p i ed Nonprofit institutions 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 , ,4 78 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 41 ,,503 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 16,,841 1 6 ,462 , 16,,664 59,,398 17,,937 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 19,,900 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 11,035 918 117 7,,000 ,068 949 119 7,,200 1,,127 1,,005 122 7,,100 1,,214 1,,088 126 7,,000 1,,291 1,, 159 132 6,,900 1 ,364 • 1 ,227 , 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 12,,944 13,,879 13,,562 14 ,435 16 ,058 16 ,982 13 11,,509 7,,737 2,,712 1,,060 445 615 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 10,,819 6 ,651 3,,120 1,,048 199 849 11 ,609 7,,236 3 ,293 , 1 ,080 213 867 20 T r a d e debt 1 ,406 1 ,689 2,,125 2 ,270 2,,053 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 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 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 11,,033 115,,297 • 745 71 , 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 14,,276 136,.513 81,.055 40,,303 15,• 155 143, 112 82,.643 44,• 579 15, 8 9 0 2 3 4 5 47,,276 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 10,,538 10 ,777 10,,429 10,,377 10,907 11,,200 11 ,549 2,,910 1 ,811 , 2,,175 2 ,300 2 ,674 2,,802 2 ,804 5 ,995 7,,091 6,974 7,,838 8 ,233 8 ,174 7,,907 1 ,303 1 ,289 14 1,,393 1,,378 15 1 ,544 , 1,,527 17 1,,748 1 ,730 18 1,,938 1,,919 19 2,,133 2,,113 20 2,,283 2,,262 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 7,,731 8 9 10 11 6 ,600 : 1,,618 1,,446 172 6,,900 1,,684 1,,502 182 6 ,200 1 ,782 1 ,584 198 5 ,800 1 ,846 1 ,635 211 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 1,,931 1,,704 227 5 ,900 1 ,965 1 ,724 241 5,,700 2,,125 1,,869 256 5 ,900 2,,317 2,,038 279 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 15,,638 10,,397 3 ,759 • 1 ,482 550 932 17,,002 11,,109 4,,172 1 ,721 , 565 1 ,156 , 18 ,934 12 ,101 4 ,866 1 ,967 577 1,,390 19 12 5 2 ,965 ,838 ,062 ,065 564 "1 ,501 21,,558 13, 917 5, 305 2,,336 68 6 1,,650 23,,856 15 ,193 6 ,087 2,,576 736 1,,840 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 2,,636 3,,076 3 ,499 3 ,658 3,,764 3,,770 4,,632 21 22 23 148 ,606 10,402 138,,204 157,,846 11,,049 146,,797 161 • 5 0 0 11 ,305 150 ,195 162 ,650 11,,385 151,,265 167, 5 0 8 11, 726 155,,782 171 ,708 12,,020 159,,688 177, 482 12,,424 165, 058 184,,083 Net w o r t h C o r p o r a t e farms 12,,886 171,,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 12,,707 12,,415 12, 5 1 5 12,,515 12, 515 12,,515 8 3,,107 3,-110 3,,431 3,,207 3, 135 3,,318 3,558 3,,785 8 ,378 9,,377 8 ,234 8 ,554 8, 904 8,,462 7, 961 8,,106 14 15 16 17 2,,586 2,,560 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 1,,671 7,,660 1 ,815 , 22, 374 12 ,276 1 ,8 2 3 8, 422 2, 031 24,,880 13,• 5 3 4 1,,938 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 2,,001 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 ,8 8 0 25 26 3,,078 6,,651 3, 239 6,,859 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 11,,228 10, 619 10,,049 8, 232 7, 495 Other taxes payable T r a d e debt 29 - - - 11.,626 - 10,,750 " - - - - " - 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 9,,646 10,,182 10 ,786 11 ,477 12,,413 7 6 ,000 2 ,497 ,178 319 6 ,000 2 ,704 2 ,339 365 6,,100 2,,967 2,,553 414 6,,300 3 ,346 2,,830 516 6 ,400 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 17,,102 242,,380 139,,706 85,,050 17,,624 267,,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 15,,838 207,, 152 118,,118 72,,705 16,,329 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 12,,515 12,,515 12:,515 12,,515 4 ,044 3,,994 100 3,,878 300 3:,858 12 ,515 1 ,400 700 3 ,875 700 6 ,623 12 ,515 3:,000 900 3 , 776 1 ,875 8 ,123 12:,515 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 2,,008 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 7:,296 180 2 ,000 - - - 5:,086 - ,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 73,,700 284 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 1,,608 7 ,035 11 ,052 9 ,197 1,,855 7,,137 13,,017 10,,891 2,, 126 7,,284 14,,942 12 ,406 2 ,536 7 16 13 3 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 17,,165 8 ,439 1 ,241 , 7,,198 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 12,,084 2,,089 9 ,995 92,, 180 55,,412 23,,230 13,,538 2,,226 11 ,312 , 105,,939 63 ,949 25 ,729 16 ,261 3 ,502 12,,759 122,,194 72,,757 28,,211 21 ,,226 7,,009 14,,217 145,,723 8 6 ,755 31,,033 27,,935 10,,391 17,,544 161 ,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 7,,023 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 ,390 ,809 ,714 ,095 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 17,.800 8 ,088 1 ,274 , 4,,056 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 15,,690 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 7,,035 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 17,,653 5,,545 20,,145 6,,602 20,• 5 5 9 7,,785 22,,267 8 ,871 23,,825 9,,951 25,,555 12,,795 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 9,,790 12,,655 16,,170 17,,951 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 7,,504 18,,549 14,,821 3,,728 7,,634 20 ,225 16,,110 4,,115 7,,780 21,,346 17,,129 4,,217 7 ,942 21,,423 17,,144 4,,279 8,, 120 23,,913 19,,918 3,,995 8,,314 26,,952 23,,536 3,,416 8,,524 29,,125 26,,173 2,,952 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 16,,700 19,,041 187 ,947 112,,422 39 ,907 35,,618 17,,800 17,,818 173,,438 105,,850 35,,507 32,,081 18,,189 13,,892 156 ,607 95,,781 31,,240 29,,586 18,,023 11,,563 145,,498 88,,868 29,,053 27,,577 17,,650 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 14,,760 15 ,733 20 858,,931 60,,125 798,,806 811 ,,812 56,,827 754,,985 797,• 5 0 2 55, 8 2 5 741 ,,677 688,,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 71,,288 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 18,,498 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 21 ,,596 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 1,.005 204 158 17, 523 972 291 129 2 1 , 581 1, 2 1 9 217 138 17, 118 1 ,3 4 2 305 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 7,,327 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 1,.666 45,-003 18,,709 16,-253 1,,786 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 1,,031 3,,532 9,,298 36,,498 15,,135 1, 4 2 8 4 ,267 , 9,,440 39,,792 16,,179 1,,364 4,,937 9,,878 44, 4 9 7 17, 215 1 ,587 , 5 ,353 10,,275 48 ,012 18 ,101 1,,547 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 1,.788 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 1,,231 616 269 313 1 ,348 634 331 335 1 ,564 655 402 376 1 ,626 953 531 602 1 ,629 , 806 362 332 1,,881 684 378 490 1,,923 682 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 1 Tangible assets (current cost) 2 3 4 5 Reproducible assets Residential structures Nonres. plant 8 equipment Inventories 6 Land 7 Total financial Corporate 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 Corporate Business Cost Business, Excluding Outstandings Farms 4 3 9 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 74,,620 8 0 ,,407 8 5 ,,504 9 1 ,,126 93, 042 95, 015 98, 106 6 7 151,,876 163,,502 178,,716 181,,736 1 9 4 ,,579 2 0 6 ,,757 222, 448 2 3 7 ,,308 4 8 ,,458 2 9 i,024 1,,000 5 0 ,,992 30,,083 1,,900 5 6 ,,185 2 9 ,,196 1,,500 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 1,,479 435 149 16,,692 1,,958 210 132 2 2 ,,821 1,,794 742 148 16,,868 2,,382 788 236 15,,344 2,,395 1,,089 790 13,,582 2,,697 1,,304 731 16 ,736 3 ,787 969 99 50 40 6 8 ,692 8,,848 10,,141 9,,643 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 1,,068 8 2 ,,291 3 8 ,373 31,,865 4 ,672 72 1,,764 8 8 ,,232 4 1 ,,872 34,,717 5,,154 80 1,,941 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 1,,097 13 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 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 34 35 36 37 38 39 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 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 43 Net U.S. worth 8 1 3 ,292 2 5 1 2 4 ,982 133 ,378 143 ,732 1 5 3 ,676 1 6 3 ,561 6 4 ,072 2 4 ,857 1 ,671 6 ,855 16 ,331 6 9 ,715 2 7 ,714 1 ,823 7 ,611 18 ,280 7 2 ,794 3 0 ,800 1 ,938 8 ,518 2 0 ,344 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 3 9 2 ,895 408 ,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 3 221,652 232,381 243, 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 ,,897 313,,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 3,,107 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 Land Total 57 Net assets worth cost basis: ,409 ,232 ,794 ,385 51 52 55 54 12,,876 14,,390 15,,997 17,,516 19 ,570 2 1 ,428 23,,286 25,,274 5 5 4 5 4 ,,773 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 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,,927 111 ,,576 114, 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 9,,682 68- 5 6 9 37-,531 9,,056 69,,008 43,,122 3,,652 69,-494 44,.059 5,,347 78,,819 42,,581 9,,509 88, 015 44, 938 11,,890 593 781 13, 786 4,,600 1,,370 895 885 12,,081 3,,639 2,,852 670 1,,055 9,,619 3,,300 3,,952 1,,121 1,,587 10,,393 3,,782 5,,099 3,,311 1,,173 7,,322 2,,800 7 ,628 234 798 7,,492 2,,175 9 -389 1,-077 1,,234 9,,968 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 6,,766 97 5 ,355 13,,418 425 133:,247 64 ,306 51,,007 7 ,331 120 5 ,848 14 ,095 745 ,878 ,101 ,704 ,935 225 11 ,237 14,,647 645 191,,404 94 ,084 70:,269 10 ,831 336 12:,648 17,,266 690 203,,849 106,,084 76,,388 11,,878 359 17:,459 17,,954 732 230:,251 119,,259 81,,503 13,,729 377 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 7,,999 134 6,,726 13,,822 845 160,,097 76,,739 58,,547 8 ,788 160 9,,244 182 85 63 9 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 (current c o s t ) 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 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, 361 158,,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 4,,654 16,,520 4,,731 5, 772 14,,281 4,,481 19,,627 7,,048 7,,441 16,,421 3,,419 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 11,,538 3,,658 24,,753 170, 8 2 0 50,,309 33,,377 3,,000 18,,843 21,,804 13,,105 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 , 15,,689 396 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 1,,507 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 26 T o t a l l i a b i l i t i e s 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 C o r p o r a t e bonds Mortgages Home mortgages Multi-family Commerci al 19,,535 816 246,,260 145,,476 100,,364 17,,816 413 26 ,883 2 0 3 8 ,532 19,,862 890 252,,457 160,,136 114,, 140 20, 043 423 25,,530 736 ,304 730 ,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 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: 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 56 T o t a l assets 57 Net worth 919,,113 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 14,,900 730, 757 310,,990 1154,,649 14,,917 794,.641 345, 091 1274 ,988 15,,069 8 7 6 ,462 383 ,457 1434, 108 15,,348 982, 063 436, 697 1623,,381 15,,730 1110,,306 497,,345 1805 16 1241 547 ,510 ,054 ,49b ,960 51 52 53 54 49 ,898 53,,787 54,,965 56,,479 5 9 ,415 63,,637 67,,252 73,,822 55 1445 ,923 1563,,567 1670,,127 1824,,021 2 0 0 7 ,107 2278,,406 2600,,798 2894 ,754 56 709 ,619 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 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 Private Financial 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 1,.892 12,.506 34,,274 10,,257 264,,184 95,,972 1,,830 14,,125 37,,918 5,,174 4,,441 733 5,.997 5,.113 884 6 ,928 5 ,841 1,,087 1 2 3 362,,590 394,,484 427,.788 453,,325 4 6,,977 205 7,,303 283 7,.687 348 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 17,,841 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 16,,879 30,,725 1,,025 5 ,286 490 67,,517 20,,801 32,,737 1,,276 5,,840 492 75 ,806 2 4 ,507 31 ,545 1,,165 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 2,,864 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 3,,420 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 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 1,,194 148 ,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 2:,683 197 ,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 1:,599 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 8 4 7 ,,463 463 Total financial assets ,861 ,435 ,740 ,111 ,403 ,921 ,083 ,308 ,332 ,149 15 ,045 22:,382 2:,484 17:,529 718 ,100 784 ,525 8 6 1 ,190 28 4 3 7 i,348 4 7 8 ,920 511 : ,408 547!,071 600,,370 647:,290 709 ,738 779:,874 29 30 115:,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 6:,849 89:,860 106 ,041 6:,844 94,,172 120: 821 6:.864 37 38 39 40 41 42 42 8,,714 16:,376 6:,354 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 1,1265 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 1 .635 31,i 040 1 .698 , 33,,465 1 ;38 7 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 Data are in m i l l i o n s of d o l l a r s . 2 ~J Year-End Outstandings 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 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 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 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 7,,066 7,,739 8 , 377 1 ,392 39, 377 1. 947 41 ,729 1,,548 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 1 ,8 0 5 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 3,.603 310, 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 , 14,,694 37,,877 7,,058 416,,425 128 ,691 162 ,912 16 ,471 40,,222 7,,889 15,.263 23,,298 2,,649 19,,724 15,.824 25,,244 2,,898 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 2,,379 167,,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 8 1 ,,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 4:,887 150:,528 307,,089 4,,591 158:,474 402:,163 - 7 ,947 167 ,073 461 ,039 - 1 5 ,,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 37,,393 1,,480 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 17,,845 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 1,,960 26,,428 89,,077 32,,670 51,,788 265,,777 79,,148 1,,950 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 16,,075 13,,150 16,,034 23,,385 25,,297 25,,644 26, 712 33,,405 2,,608 198,,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 7129 ,946 8 1 8 9 ,604 8 8 4 8 , 538 9646 ,017 4 74 ,333 12 ,851 23 ,257 123 ,298 101 ,979 2 2 ,168 72,.557 12,,931 19,,044 146,,255 106,,435 21 ,,612 4 9 2 0 ,197 5 5 0 4 ,558 6229 ,203 ,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 ,213 394 ,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 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 52,,006 46,,021 20,,242 372,,521 62 42 22 416 ,838 ,442 • 239 ,522 33 3 12 84 37 18 49,,232 43,,851 18,,117 295,• 791 59 9 16 104 92 19 ,007 ,565 ,475 ,202 ,953 ,027 ,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 1021 ,,680 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 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 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 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 - 1 7 ,,23,6 36 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 1,,930 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 2,,068 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 2,,747 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 1,,877 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 1,,454 102 ,972 158 ,552 101 ,122 20 ,037 11,,655 23,,115 2,,623 95 ,355 139 ,633 92 ,085 12 ,199 9 ,595 24,,167 1,,587 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 1,,285 19,,655 3 ,038 -529 3 ,567 2,,279 -343 2,,622 5,,411 -2,,225 7 ,636 10,,902 -2,,418 13,,320 18 ,202 - 1 ,641 19 ,843 Proprietors' net invest. Revaluation of equity 23 24 25 26 27 7,.754 368 7,,386 23,,944 438 23,,506 22,,493 1,•529 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 1,,609 1 ,378 231 1,,075 1,,338 -263 4 ,787 1 ,497 3 ,290 6,,416 1.,484 4,,932 1 ,802 1 ,469 333 Net purchases Revaluation 29 30 31 32 33 34 35 -5,,324 -1,,764 -3,,573 13 5,,273 -1,,991 7,,238 26 4 ,180 - 1 ,300 5,,459 21 - 7 ,028 ' - 2 ,185 - 4 ,874 31 -8,,440 - 2 ,,026 - 6 ,,431 17 - 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 1,,967 500 -799 1,,912 1 ,456 - 2 ,682 - 2 ,852 1 ,479 - 1 ,764 - 1 ,111 2 ,487 -2,,410 1,,371 2,,578 - 2 ,658 1 ,182 , 2 ,504 -1, 804 1,,967 2, 968 1,,895 -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 1,,805 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 1,,012 73,,164 200,.630 163,,912 9,,240 6,,640 15,,345 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 13,,553 3,,122 68,.626 164,,986 135,,503 5,,774 5,,746 13,,986 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 12,,513 - 1 ,,127 13,,640 15,,233 75 15,,158 7,,905 - 3 ,,477 11,,382 5,.872 - 2 ,.838 8,.710 9,,808 51 9,,757 10,,779 58 10,,721 11,,116 1,,110 10,,006 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 - 3 7 ,,761 101,,402 156 101 ,246 26,,103 - 1 ,,132 27,,235 - 7 ,,742 - 1 ,,404 - 6 ,,338 99 ,497 - 1 ,,061 100:,558 - 6 1 ,,745 ,714 - 5 9 ,,031 72,,511 - 2 ,,995 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 3,,605 3,,430 175 15 ,146 4 ,055 11 ,091 - 3 ,,490 4 ,183 - 7 ,673 12,,733 3,,873 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 2,,375 81,,921 1,,051 91,,058 -1,,121 96,,873 2,,978 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 10 384 259 612 -259 11 —400 -305 698 2,097 12 759 720 1,308 1,569 91,792 24,511 77,387 18,105 111,737 38,621 -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 1,,861 154 ,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 -2,,967 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 5,934 236 ,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 -2,,200 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 - 1 6 ,-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 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 705,099 771,982 816,382 Data are in millions of dollars. 1102,684 11 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 9 10 By sector: 176 ,953 ,089 ,278 ,265 ,577 ,455 ,483 ,502 , 8 = Net change in consolidated domestic net worth 214 ,949 ,846 ,022 ,671 ,060 ,482 ,451 ,358 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 - 7 ,,498 125,,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 1,,659 5, 357 11 672 -519 -921 355 408 351 1,,025 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 - 6 5 ,,221 327,,954 253,,968 22 -76,,856 23 330 ,824 24 - 1 9 8 ,425 - 3 ,227 ! - 1 9 5 ,198 - 2 0 3 ,,697 -1,,374 - 2 0 2 ,,323 138 ,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 -24,,465 172 ,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 - 7 1 ,,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 1,,370 3,,683 944 3,,689 1,,280 - 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 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 1146,,308 1302,,669 748,,255 - 1 5 ,,757 237,,74 9 330,,213 2,,209 382,,215 558, 647 462,, 2 5 7 - 4 7 ,,119 14,,721 123,,682 5,,106 721,,557 1052,,918 889,,113 - 1 4 ,,310 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 -48,,360 271,,956 - 2 7 ,,772 - 9 1 ,,382 63,,610 5 0 ,531 - 7 9 ,654 130 ,165 - 4 2 ,878 - 8 6 ,518 43 ,640 - 3 7 ,270 - 8 9 ,,161 51,,891 34,,862 - 4 0 ,,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 11555,695 733,,864 692, 4 7 0 560,,915 - 1 0 9 ,,186 57,,025 128,,042 55,,674 8 9 10 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 17 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 . 6 7 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 6,-460 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 6,-009 14,-840 352 53,,341 27,-777 3,-082 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 7,.355 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 3,-359 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 1,-350 6,-499 244 47,,941 31,,065 -949 2,,748 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. 1,-297 - 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 1,-740 -691 10,-772 - 3 ,-108 -385 - 8 ,-727 757 8,,462 11,,143 -677 -451 - 3 ,,197 1,,644 6,-679 9,-107 1,-586 - 1 ,,587 - 3 ,-931 1,-504 7,-877 6,-219 737 - 1 ,-350 -539 • 2,-810 - 1 ,,685 5 ,527 916 -2,,748 - 6 -918 1,,538 2,-631 12,-019 138 172 - 1 1 ,-128 1,-430 23 24 25 26 27 28 29 30 - 5 -211 - 1 ,,764 -3 , -494 13 34 5 -290 -991 -1 , 7,,270 26 -15 -199 4 , - 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 26 27 28 29 30 1,,967 1 ,912 • - 2 ,,852 - 1 ,111 1 ,371 1,,182 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 1,-532 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 11 12 12 6 ,404 ,609 ,865 ,239 ,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 ,757 ,010 ,914 ,847 ,933 53 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 - 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 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 - 5 ,211 - 1 ,764 - 3 ,494 13 34 - -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 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 1960 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 3,,659 7,,986 23,,059 576 79,,780 43 =,078 3,,732 8,,226 24,,135 609 82 44 3 8 25 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 -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 2,,300 26 27 28 29 30 - 2 ,693 - 4 ,328 1 ,528 38 69 31 121,,645 69,,359 3,,548 10,,086 37 ,845 807 ,586 ,591 ,740 ,469 ,134 652 1962 1963 1964 134, 670 72,,481 4,,168 13,,274 43,,765 982 144,,905 79,• 017 4,,637 15,,332 44,,573 1,,346 156 ,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 3,,985 Farm business Nonfarm noncorp. business 15,,926 N o n f i n a n c i a l c o r p . bus. 50,,075 Private finan. insts. 1,,430 ,200 ,264 ,734 ,635 ,882 685 87,,799 47,,620 3,,762 8,,864 2 6 ,827 726 91,,280 49,,522 3,,807 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 33,,817 19,,881 -23 3 ,032 10 ,584 343 46,• 871 24 • 861 406 4,,410 16,,938 256 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 18 119,,017 66,,145 3,,711 11,,667 36,,466 1,,028 85 46 3 8 25 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. 1 2 3 4 5 6 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 2:,573 12,,419 17 , 180 -6 - 3 :,032 - 4 ,649 2,,926 11 ,680 , 18,,333 -407 - 4 ,,410 —4,,930 3,,094 5,,880 18 ,021 -947 - 6 ,,177 - 5 ,,863 846 13,,439 24 ,644 -102 - 6 ,357 - 7 ,,014 2,,268 - 1 5 ,,816 - 4 ,,797 - 1 1 ,,113 35 59 -6 = ,759 - 3 =659 - 2 , 938 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 - 7 ,,170 - 3 ,,042 - 3 ,,710 49 -467 270 -718 957 -2:,496 39 - 1 ,,176 1,,585 -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 1,,413 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 1,,524 649 - 1 ,651 -173 280 - 1 ,,549 - 1 596 1,,027 -461 -363 271 115 96 - 2 ,,888 1,,884 1 ,091 -541 26 576 - 5 ,974 - 6 ,,719 710 - 1 ,853 , 1 ,778 , 54 164 12,,863 R e v a l . of p h y s i c a l a s s e t s Households 3,,484 475 Farm b u s i n e s s Nonfarm noncorp. business 3,,310 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 2,,416 1 ,518 2,,056 4 = ,400 1 =042 4 = ,274 -304 -612 - 2 ,977 905 - 1 ,991 734 -2,,625 - 1 ,549 548 -49 -728 - 1 ,,320 96 355 2 ,398 459 -3:,116 - 5 ,974 - 7 ,506 2,,976 -56 -1,,388 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 2 0 =,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 3,,663 5 ,622 271 13 ,739 3 ,816 4 ,272 3,,514 1,,916 221 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 Nonfinancial corp. business 3,,091 262 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 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 - 2 ,,938 30 -192 - 1 ,694 - 3 ,223 1 ,469 31 29 Data are in m i l l i o n s of d o l l a r s . 1 ,805 1961 236 176 -413 1 - - ,811 ,436 ,325 ,705 ,635 ,817 ,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 - 9 ,625 - 4 ,068 - 5 ,670 46 67 - 8 ,243 - 3 ,292 - 5 ,052 55 46 - 3 ,412 - 2 ,019 - 1 ,507 59 55 121 131 83 3 8 31 3 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 97, 377 8 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 1,,295 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 3,,459 128, 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 3,,661 2, ,375 8,.059 33, 058 - 1 ,,527 -5, 404 - 1 8 ,,951 883 21.,731 42,,936 - 2 ,,453 - 5 ,,629 -14 = ,275 1,,152 12,,162 35, 561 - 1 , 456 - 6 ,,039 - 1 7 ,,460 1,,556 - 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 16,,811 48,,737 - 3 ,, 184 - 1 3 ,,743 - 1 6 ,,055 1,,056 8,,534 52,,264 - 2 ,,499 - 2 1 ,150 - 1 6 ,,931 - 3 ,,150 20 21 22 23 24 25 - 3 !,493 - 2 ,905 -669 55 26 - 4 ,,050 ,465 -2 i - 1 ,,651 46 18 - 1 8 ,,514 - 4 ,,789 - 1 3 ,,795 42 28 - 1 4 ,,625 - 5 ,,010 - 9 ,,651 15 21 - 3 , 675 - 9 ,,997 6,,247 35 40 - 1 7 ,,590 - 4 ,,674 - 1 2 ,,954 17 21 - 3 2 ,,442 - 9 ,,014 - 2 3 ,,469 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 5,,133 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 6,,560 26,,796 - 2 ,,366 ,250 -7 i - 1 1 ,,774 1,, 154 ,372 ,437 ,780 , 149 ,035 ,651 -680 31 1 ,630 , 111 ,737 43 ,790 7 ,404 19 ,682 36 ,296 - 4 ,584 -19 116,,625 47,,731 13,,693 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 11,,310 30 .911 — 6,,552 -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. 2 6 2 171 , 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 1 ,377 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 1 •634 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 - 2 ,,211 -21 , ,221 257,,879 110,,877 7,,692 46 ,907 74 ,435 - 1 4 ,911 3,,057 358,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 - 4 5 ,,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 - 3 ,,155 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 4 2 8 ,,321 145 , ,218 14 , • 828 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 15,,496 - 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 1,,107 147 - 1 8 6 ,,619 .634 4 , - 1 9 2 ,,627 867 507 29,,088 8,,331 2,,370 - 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 7,,361 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 14,,287 - 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 , - 5 4 ,,803 - 2 0 ,,403 68,,963 141,,547 7,,068 9,,586 - 6 2 ,,623 - 2 6 ,,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 - 1 ,,884 - 1 8 7 ,,076 - 1 ,,515 - 1 8 4 ,,094 358 - 1 ,825 12,,010 -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 11,,553 120,,074 215,, 129 - 2 4 ,, 189 7,,857 64,,954 - 6 7 ,,382 5,,441 36,,309 76 ,705 - 1 0 ,,350 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 1,,829 114 32 -1 57 30 -1 -5 ,323 ,011 ,546 ,502 ,312 ,675 ,631 149 ,576 73 ,865 1,,286 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 - 2 5 ,,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 - 5 7 ,,624 107 ,589 7,,021 7,,968 233 151 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 90, 97, 038 109,,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 41 ,,202 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 19,,050 39,,152 62,,090 3,,423 21,,375 41,,202 59,,154 - 1 , 147 24, 940 43, 307 69,,394 - 3 ,,952 20,,580 44,,827 69,,359 - 1 ,,596 18 ,041 46 ,508 66,,145 - 2 ,,888 21 ,,717 47,,876 72,,481 - 6 ,,719 ,506 49,,792 79,,017 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 11,659 -292 ,056 2! - 1 ,, 147 -418 -117 -612 - 3 ,952 ,067 -260 - 2 ,,625 - 1 ,596 -580 304 - 1 ,320 - 2 ,,888 -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 + 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 Capital consump. allow.,NIPA 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 3,,865 4,,190 10,,114 4 ,111 3 ,816 2 ,883 5 ,831 15 - 3 9 ,,163 - 3 7 ,,705 1,,458 104 , ,177 105,,929 1,,752 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 2,,733 13 ,111 • 10 ,378 1,,246 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 , 7,,905 - 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 14,,025 50,,160 62,,134 98,,269 43,-437 89,.399 68,.012 113,,974 36,,179 8 1 •,913 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 - 3 ,,613 2,,922 1,,307 - 7 ,842 17,,797 16,,470 2,,065 -738 14,• 025 9, 5 3 8 1,,023 3,,464 43,.437 35,,525 3,,832 4,,080 36,,179 2 8 ,461 4,,428 3,,290 27,,030 13,,864 4,,368 8 ,798 43,,790 41,,857 6,,384 - 4 ,,451 47,,731 46,,296 5,,274 - 3 ,,839 15 4,,823 20,,096 5 ,435 13,,134 12 ,099 7 ,459 16,,594 19 ,694 16 17 18 72 ,393 70 ,766 - 1 ,627 - 5 9 ,,999 - 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 26 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 . - 1 ,293 - 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 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 11 12 13 14 + 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 + 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 7,,190 4,,608 145,,218 8 6 ,493 14,,945 4 3 ,780 110,,877 89,,335 7,,397 14,,145 164,,050 134,,076 10,,536 19,,438 220,.464 159,,383 24,,899 36,,182 184,,774 126,,907 7,,029 50,,838 188,,930 108,,864 17,,308 62,,758 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 1,.160 296,.457 295, 2 9 7 1,,242 310,,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 17,,376 39,,139 - 6 7 ,,382 -78,854 3, 5 0 4 7,,968 113,,532 98,,394 12,,646 2 ,492 28 38 9 -19 ,590 ,604 ,703 ,717 32,.011 27,,798 5,,491 - 1 ,,278 73,,865 56,.008 6,,647 11,,210 151,,544 107,,953 10,,848 32,,743 75,,064 ,155 24 , 7,,915 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 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 . 3 ,861 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 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 + 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 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 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 =8 0 4 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 1,,270 -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 - 12,,199 - - -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 3 - C a p i t a l c o n s u m p . a l l o w . , N I P Ak = 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 7 - C a p . c o n s u m p . a l l o w . , NIPAi, -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 3,,695 3,-705 3,,705 3,,761 3,,690 -939 - 2 ,,939 - 1 ,,683 - 1 ,,608 - 1 ,,763 -2, 505 -2,,295 • P r o p r i e t o r s ' net 3,,599 3i ,659 3,,732 3! ,740 3,,734 3,,762 3,,807 3 ,893 - Capital >416 -2 i -971 - 2 ,,976 - 1 ,,718 - 1 ,,637 - 1 ,,764 - 2 ,,622 - 2 ,305 147 3! • 746 3,,599 157 3,,816 3,,659 168 3,,900 3, ,732 176 ,916 3, 3i ,740 183 3,,917 3,,734 192 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 1,,620 3,,746 2,,508 1,,413 1 ,723 < 3,,816 4 , ,126 252 65 ,900 3• 3,,713 1.,524 1,,156 3,,916 3,,548 1,,027 821 3 •917 3,,711 1,,884 2,,098 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 1,,413 -243 1,,081 575 252 -153 919 -514 1 ,524 • -157 878 803 1 ,027 = -176 1,,039 164 1 ,884 -142 1,,246 780 710 -348 1,, 187 -129 16 6 ,473 8 ,955 6,,546 li,520 5,,651 4 ,272 7,,889 1 3,,548 2 - 2 ,> 365 3 4 5 6 7 17 18 - 6 ,768 - - 9 ,240 - 3,,654 1,,150 - 4,,858 - 4 ,200 - = 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 + 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 - investment consump.allow.. NIPA 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 - 1 ,,155 1,,659 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 - 1 ,,155 1,,659 1 ,821 3,,615 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 7,,830 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 10,,890 649 ,679 2 , 8 ,056 10,,086 -461 3 ,001 8 ,205 11,,667 1 ,091 5 ,949 8 ,416 13 ,274 - 1 ,,853 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 1,,056 1,,906 -295 -555 649 1 •• 8 9 0 -803 -438 -461 , 1 ,492 -359 - 1 ,,594 1 ,091 1 ,005 -120 206 -1,,853 -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 3.,590 4,,895 3,,663 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 5,,746 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 17 + Other revaluations 18 = Change in net worth -358 728 5,337 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 17,,793 14, 8 2 8 3, 496 12,,820 - 1 ,,488 5, 662 2, 021 5, 141 -1, 500 7,,692 3,,210 7,,035 - 2 ,,553 10, 969 4,,600 8,,350 - 1 ,,981 33,,290 5,,546 15,,474 12, 270 18, 034 5,,363 10,,716 1,,955 31, 021 4, 8 4 6 16,,447 9,,728 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 5 6 7 - 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 16 25 ,841 2 6 ,233 2 3 ,638 33 ,957 5 7 ,013 73 .228 91 ,947 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 . ,771 .366 ,014 ,609 ,907 ,986 ,271 ,350 - 148 .918 122 125 40 44 ,083 ,427 ,968 ,312 -1 162 .675 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 1 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 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 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 ,594 132 98 31 2 ,033 ,270 ,524 .239 102 ,877 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 5 6 7 8 9 10 11 * 12 13 14 15 2 3 , 168 22,857 21,859 21, 4 2 9 21, 908 1 — 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 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 9,.784 15, 698 8 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 11,,553 4,,549 15,,702 - 8 ,>698 5,,441 -540 6,,837 -856 22,.820 5,. 156 12,.072 7,.592 4,,548 2, 2 0 6 7 ,997 , - 5 ,,655 - 1 , 546 1,,404 5, 107 - 6 ,,057 1- 2 8 6 , 1 ,539 3,,169 - 3 ,,422 11,,502 2 ,988 4,,418 4,,096 15,,698 1,,506 8,.167 6,,225 - 1 1 ,,095 - 3 8 ,.978 -113 = ,056 - 8 7 ,,125 - 5 2 ,,507 10,,264 27,.894 16 - 4 ,.071 1 570 515 400 17 - 1 5 ,,757 - 4 7 ,.119 - 4 5 .130 23 ,824 45,,897 18 17 Other = 22, 978 - 2 0 , 734 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 C h a n g e in the value of land h o l d i n g s 18 2 0 , 952 -12,400 — 66 20, 4 7 0 20, 556 16 + 19, 586 - 1 0 , 797 revaluations C h a n g e in net w o r t h - 1 6 ,.868 62 - - 1 4 ,>310 - 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 3 net i n v e s t m e n t - 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 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 — 4 i,965 13,,833 - 1 ,,199 14,.840 1,,000 15, 8 5 2 - 1 ,,000 16, 765 300 17, 785 - 1 ,,750 20, 032 - 2 ,,675 10,,576 11,,300 8,,699 9,,218 7, 8 4 3 11,,315 10,,943 11, 11, -1 . 022 12 i 12,,023 13,,833 13,,833 2 14 ,842 14:,840 2 15 ,854 15,,852 -1 16,,764 ,765 16, -1 17,,784 17,,785 -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 1,,231 8,,031 16,,764 23,,564 10,,438 26,,953 17,,784 34,,299 15,,717 + 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 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 - 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 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 -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 9,,218 7,,843 11,,315 10,,943 = Net i n v e s t m e n t flow -783 13,,645 9, 988 24,,416 -915 15 ,304 11 ,016 2 7 ,235 - 1 ,,406 10,,033 12,,125 23,,564 - 1 ,,908 19,,209 13,,182 34,,299 - 1 ,,033 24,,405 14,,415 39,,853 655 1,,212 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 : 28 29 30 31 -395 5 ,316 7 ,335 13 ,046 - 1 ,,390 19,,486 8 ,116 28,,992 686 22,,061 ,006 9, 31,,753 32 194 294 321 -261 552 345 33 34 35 - 3 ,869 7 ,335 11 ,204 -3,,907 8,,116 12,,023 - 4 ,,827 9,,006 13,,833 - 4 ,,852 9,,988 14,,840 - 4 ,836 11 .016 15 ,852 - 4 ,640 12,,125 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 13 ,484 16 ,268 11 ,875 - 4 ,603 13 , 182 17,,785 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) • 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 14,,415 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 37 ,,256 1,,888 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 9,.950 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 6,,745 -290 1,,888 -330 1,,931 287 3,.849 -293 .654 3! 488 - 1 ,,651 239 - 2 ,,086 196 -363 -188 - 1 ,,148 973 -541 -306 266 -501 1 ,778 , -279 779 1,,278 4,436 182 3,209 1,045 14 15 16 17 7,,559 6 ,744 5,,787 5,,097 5 ,622 1,,916 1 ,973 , 3,091 18 198 2 ,852 2,,654 -292 2 • 559 2 ,851 • -23 3,.460 3,,483 - 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 2,,889 2,,442 Z- ,015 1 ,181 1 ,046 2 ,418 1 ,372 -902 2,,0 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 1 •259 2,,397 159 1, 330 3,,406 44 5,,694 329 11, 4 3 5 717 10, 922 912 - 4 5 31,,459 - 1 ,>245 34,,281 - 2 ,,107 37,,556 - 1 ,,554 41, 4 4 8 - 3 , 651 45,,399 - 5 ,,870 49,,857 - 6 ,,552 54, 783 - 4 ,,584 60,,111 - 6 ,,610 - 6 19,,587 25 i,434 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 13,,508 56,,634 34,,281 77,,407 13,,609 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 1,,114 24 ,,324 1,,597 2 8 ,472 1 ,401 24 ,469 2 ,602 30 ,911 497 31 ,901 - 1 ,487 36,,296 1,,165 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 19 20 21 + 22 23 24 1 12, 8 7 5 4 ,997 2 3 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,.876 121 ,.883 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 1,,517 88,,363 4,,631 74, 435 932 68,.004 5,.499 96,.636 813 87,,943 7,,880 162,.299 2,,316 143,.450 16,,533 148 3 119 24 ,268 ,944 ,861 ,463 208,.599 4,.411 186,.480 17,.708 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 13,,932 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 12,,443 11,,633 - 2 ,,709 8 ,799 11,,508 286 16,,379 16,,093 -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 - 1 ,,238 ,108 3! 4 ,346 97 3 ,825 3 ,728 -20 7,876 7,896 115 11 ,991 11 ,876 11,,666 22 28 ,584 23 16 ,918 24 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 + 2 1 7 , 385 •101 1, 973 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 18 2 3 9 , 663 2 , 727 2, 4 7 0 Capital consump.allow., NIPA I n v e n t o r y v a l u a t i o n adj. 14 15 16 17 192, 780 10, 5 2 4 3, 973 - + 148, 002 9, 908 1, 323 4 5 10 11 12 13 137, 783 4, 097 6, 4 9 0 Corporate equity issues M i n . r i g h t s from U.S. g o v t . 7 8 9 122, 9 0 2 7, 8 8 3 3, 168 - 6 101, 3 2 2 - 7 ,8 3 6 4, 745 2 3 + 68, 372 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 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 icost b a s i s : 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 7,,902 - 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 17,,252 76,,705 - 1 ,,018 81,,745 - 4 ,,022 33,,297 1,,995 27,,635 3,,667 69,,515 1,,903 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 7,,785 19 20 21 3 ,774 16 ,359 12,,585 - 2 1 ,,673 - 1 1 ,,479 10 ,194 - 7 ,235 2 ,587 9 ,822 - 7 ,,226 6 ,007 13,,233 6,,433 16, 028 9,,595 10,,035 23 ,697 13 ,662 20,,504 4 6 ,761 26,,257 1,,200 17,,732 16,,532 22 23 24 472 25 ,668 25 ,196 2 ,171 15 ,963 13 ,792 435 12 ,382 11 ,947 2,,163 2 7 ,522 25 ,359 1,• 010 20,,032 19,,022 1 ,708 35 ,799 34 ,091 •463 41,,513 41,,976 -400 40,,137 40,,537 10 ,121 - 2 5 ,,678 35 ,924 8 5 ,307 + - 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 Net i n v e s t m e n t flow, Balance Sheet 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 + 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 + 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 1,,442 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 T a n g i b l e s and net w o r t h ion h i s t o r i c a l c o s t b a s i s : -11 114 133 259 ,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 — 64 ,396 - 2 9 ,254 8 132 193 318 11 180 208 376 ,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 - 6 8 ,050 = N e t i n v e s t m e n t flow 17 210 222 415 ,560 ,484 ,723 ,647 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 + 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 . 27 + 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 1.,257 2.-134 1,,188 Institutions 2,,200 1,,936 3,,463 2, 2 8 5 2,,182 1 1,,378 1,,049 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 1,,969 1 ,054 2,,023 1 ,763 3,,388 1,,903 ,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 1,,049 11 333 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 1,,596 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 ,650 5 2 ,792 2 2 ,442 2 ,929 3 ,703 3 ,590 1 ,737 1 - Corporate equity issues M u t u a l fund s h a r e s issued 2 3 - Capital consump.allow., NIPA 4 - 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 11,,074 - 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 2,,577 1,,698 -175 1 ,208 1,,383 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 1,,023 280 435 652 807 115 458 685 1,,028 576 833 725 982 164 717 793 1,,346 664 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 11,,091 15,,146 4,,055 - 7 ,,673 - 3 ,490 4,,183 8, 8 6 0 12,,733 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 • 15 16 17 18 , 23 -359 -345 102 7 24 1 ,012 5 ,493 3,,701 3,,694 Data are in m i l l i o n s of d o l l a r s . 6 7 8 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 • 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 1,,108 1,»109 1,,273 1,,273 1,,497 1,,497 1,,644 1,,644 -1 1 ,798 1,,799 -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 1,.617 979 1,,877 588 1, 728 1,, 108 2,>248 452 1,,747 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 3,,441 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 29, 612 2,,445 -72 3, 047 382 5,,022 2,,865 6 ,391 7,,623 8,,871 1,,951 722 975 -92 504 ,977 -1 , 4 2 ,571 3,,219 3,,908 4,,548 5,,324 7 ,799 8,,588 19 ,463 24, 654 - 1 6 ,,185 55,,726 71,,911 17 ,354 105 ,156 8 7 ,802 14,,423 108,,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 10,,020 2,,865 3 ,219 3 ,219 -1 3 ,907 3 ,908 -1 4,,547 4 ,548 -1 5 ,323 5 ,324 6 ,391 6 ,391 7,,623 7,,623 8 ,871 8 ,871 -46 5 ,101 2 ,570 7 ,717 4 ,399 9 ,172 3 ,219 7 ,992 1 ,497 5 ,190 3.,907 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 7,,623 13,,632 251 508 -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 - 2 5 ,868 H i ,708 37,,576 - 2 9 ,243 11 ,612 40:,855 9 10 11 - 1 2 ,,352 - 1 2 ,291 61 - 1 2 ,206 - 1 1 ,484 722 12 13 14 -1 2 ,570 2 ,571 15 16 17 18 19 - 4 4 ,720 - 3 2 , 743 11 ,977 34 • 8 9 5 103,,020 68,,125 23 609 382 1 ,286 2 ,058 -551 - 1 ,365 1,,768 24 3 ,491 - 3 ,755 - 3 ,394 17,,360 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 . 7 12 8 14 - 2 3 - Capital consump.allow., NIPA 4 - Net i n v e s t m e n t f l o w , Balance Sheet basis 5 - 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 - 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 - 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 + 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 ,725 ,976 ,871 ,122 1 ,361 1 Corporate equity issues M u t u a l fund s h a r e s issued + 19,,634 15,,572 67 ,475 51 ,903 6 7 8 20 21 22 - 9 ,746 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 23,,337 ,019 3, 61 1 ,872 1980 11,,280 2 3 9,,176 1979 9 ,866 ! 3,,599 967 5 1978 Institutions • 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 - 1 ,,967 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 12,,025 32 12,,932 12,,900 -16 14 ,459 14,,475 -14 16,,011 16,,025 -21 18 ,329 18,,350 -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 7,,857 13,,391 10, 4 8 5 16,,019 3,,531 8,,772 12,,018 17,,259 628 7,,067 12,,932 19, 371 1,,829 17,,088 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 1,,196 1,,111 1,,333 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
@FedFRASER