Full text of C.9 Balance Sheets for the U. S. Economy : March 10, 1993

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

C.9
Balance Sheets
March 10, 1993
Flow of Funds

Balance Sheets
For the U.S. Economy

1945-92

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



BALANCE SHEETS FOR THE U.S. ECONOMY

1945 through 1992
This release provides estimates for tangible and financial
assets, liabilities, and net worth for the private sectors of the
economy (households, business, and private financial institutions).
The tables begin in 1945, incorporating benchmark data from the
national income and product accounts for early years that have
recently been made available by the Bureau of Economic Analysis (BEA).
This issue also incorporates revisions in financial assets
and liabilities that have been made in the flow of funds accounts, of
which these tables are an extension, for 1991 and 1992. Information
about the revisions can be found in the introduction to the fourthquarter flow of funds publication (Z.l release) dated March 10, 1993.
In addition to the changes made to the flow of funds
accounts, the tables incorporate 1992 data for the various series for
reproducible tangible assets, which are produced by BEA. BEA
calculations for equipment and residential and nonresidential
structures are based on a perpetual- inventory procedure that consists
of accumulating aggregate purchases over a long period of years and
deducting estimate^ of depreciation and retirements according to
various schedules.
The assets are shown at current cost net of
straight-line depreciation. The figures for net worth, calculated as
total tangible and financial assets less total liabilities, reflect
these current - cost values.
z

For nonfinancial corporations the balance sheet statement
also includes data for tangible assets valued at historical cost,
which is the amount actually paid for the items when they were bought,
and the net worth amounts that result. The historical-cost estimates
for reproducible assets come from the same BEA calculation as the one
that produces the current - cost estimates, and they are consistent with
each other in definition.
Along with the balance sheets (tables B.ll through B.131) is
a set of reconciliation tables (R.ll through R.131) that relate
changes in the net worth totals to the gross investment flows that are
published in the quarterly flow of funds accounts. Changes in net
worth result from gross investment, net of depreciation, and inflows
from equity issues. Other factors that affect net worth include
revaluations in tangible and financial assets due to price changes and
statistical discontinuities, and changes in land values; neither of
these items appears in the quarterly flow of funds saving and
investment statements.
Margins of uncertainty and discrepancies. The estimates in
the balance sheets are subject to uncertainties resulting from
1. U.S. Department of Commerce, Bureau of Economic Analysis, Fixed
Reproducible Tangible Wealth in the United States. 1925-89
(Washington: U.S. Government Printing Office, January 1993). See
also John C. Musgrave, "Fixed Reproducible Tangible Wealth in the
United Sates, 1988-91," Survey of Current Business, vol. 72 (August
1992), pp. 37-43.




incompatibilities among source data, potential revisions in both
financial and nonfinancial series, and incomplete data. In
particular, original source data are often not available for the most
recent time periods, and preliminary estimates must be made that are
revised when additional data are received. Caution must thus be used
when drawing conclusions from data for these time periods.
In some instances the time series in the tables contain
discrepancies where the change in amounts outstanding between two time
periods is not equal to the flows. Unlike flow data, figures on
outstandings in this release contain breaks in series that could
affect analysis of specific relationships over time. Outstandings in
the balance sheets are related to the flows published in our other
releases in the following way:
Outstanding^ = Outstanding^

+ Flow^ + Discrepancy^.

where t is the time period.
For most series, the discrepancy is zero for nearly all time periods.
However, in a few instances, it can be quite large, such as a period
when there is a sharp increase or decrease in equity prices or a major
break in source data.
Subscription information. The Federal Reserve Board charges
nominal amounts for subscriptions to all public releases. The annual
charge for the Z.7 release, Flow of Funds Summary Statistics, is
$5.00; the full Z.l release (flows and outstandings) is $25.00. The
C.9 release, Balance Sheets for the U.S. Economy, which appears twice
a year. usually in March and September, is $5.00 per year.
Subscription inquiries for these releases should be directed to:
Publications Services, Stop 138
Board of Governors of the Federal Reserve System
20th Street and Constitution Avenue NW
Washington, DC 20551
(202) 452-3245

Data from the quarterly flow of funds accounts and from the
balance sheet tables are also available on 3-1/2 inch computer
diskettes from the Publications Services address shown above. at a
cost of $25.00 per diskette.




ii

BALANCE SHEETS FOR THE U.S. ECONOMY

Title

Table

Page

Domestic wealth

B.
,11

2-7

U.S. net foreign assets

B, 109
,

8-13

Tangible asset holdings

B. 12
,

14 -19

Households

B. 100
,

20 -25

Farm business

B. 102
,

26 -31

Nonfarm noncorporate business

B. 103
,

26 -31

Nonfinancial corporate business

B. 104
,

32 -37

Private financial institutions

B.
,131

38 -43

Domestic wealth

R.
,11

44 -49

U.S. net foreign assets

R. 109
,

50 -55

Tangible asset holdings

,
R. 12

56 -61

Households

R. 100
,

62 -67

Farm business

R. 102
.

68 -73

Nonfarm noncorporate business

R. 103
.

68 -73

Nonfinancial corporate business

R. 104

74 -79

Private financial institutions

R. 131

80 -85

BALANCE SHEET TABLES

STOCK-FLOW RECONCILIATION TABLES

(Data on these tables are in billions of dollars.)




1

M a r c h 10 - 1 9 9 5
Domestic Wealth

Domestic
B.ll

2
Year-End

Domestic

Wealth

with

Tangible

Assets

at

Year-End

1 Domestic

wealth

Total tangible assets (2)
R e p r o d u c i b l e assets (3)
Residential structures
Nonres. plant 8 equip.
Inventories
Consumer durables
L a n d at m a r k e t v a l u e

9

•

U.S.

monetary

gold

10

11

SDRs

1947

1948

1949

1950

6 1 6 .6

7 3 4 ,.3

8 0 2 ,.2

8 3 5 .4

4 9 9 ,.2
3 4 9 ..0
1 3 6 ..0
1 1 5 .4
5 1 .4
4 6 ,.2
1 5 0 ..3

595
426
160
141
71
53
169

711 ,
.4
5 2 2 ,.8
190,.5
172,.5
94,.7
65,. 1
188,.6

7 7 7 ..8
5 7 9 .1
2 1 0 ..7
193,.6
98,.6
76..3
1 9 8 ..7

8 1 0 ,.8
6 0 4 ,.2
2 2 3 ,.3
2 0 5 ,.2
8 9 ,.2
8 6 ,.6
2 0 6 ..6

2 0 .. 1

.9
.3
.3
.8
.0
.2
.6

1951

1952

9 5 0 ..2

1 0 5 1 .,6

1105. 6

1

9 2 7 ..4
6 9 6 ..2
2 4 9 ..3
2 2 8 .4
1 1 0 ..3
1 0 8 ..2
2 3 1 ..2

1 0 2 8 .,7
7 7 4 ., 1
2 7 3 ,,1
2 5 3 ..5
1 2 3 .. 1
124..4
2 5 4 ..7

1082. 3
811. 7
2 8 8 .,2
268. 8
120. 7
134. 0
270. 6

2
3
4
5
6
7
8

2 0 .7

2 2 ..9

2 4 ..4

2 4 .6

2 2 ,.8

2 2 ..9

2 3 ..3

9

6 1 6 .6

734,.3

8 0 2 ,.2

8 3 5 .4

9 5 0 ..2

1 0 5 1 ..6

1105. 6

10

1 0 1 0 ,"1

1 0 4 6 .4

1 1 5 6 ,.9

1 2 5 6 ..3

1324. 5

11

543
911
245
106
15

.9
.1
.7
.4
.1

5 9 3 ..4
1 0 1 8 ,.5
2 7 7 ..3
1 3 0 ..3
17..5

6 4 2 .,8
1 1 1 4 ..7
2 9 8 ..7
1 5 2 ..8
2 0 .,4

691. 6
1181. 9
299. 6
166. 5
24. 2

12
13
14
15
16

468
137
110
220

.8
.6
.4
.8

5 7 2 ..6
1 5 7 .,5
144,.4
2 7 0 ..7

587. 7
160.5
142. 4
2 8 4 .,9

17
18
19
20

worth,
7 4 2 .6

837 . 1

9 4 9 .3

12
13
14
15
16

H o u s e h o l d net a s s e t s
S e c t o r net w o r t h
- 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 held ( 7 ) ( 8 )
- P e n s i o n fund r e s e r v e s

406
699
173
110
9

.4
.9
.9
.3
.4

443
756
200
102
10

. 1
. 1
.6
. 1
.2

4 8 4 ,. 1
8 3 2 .4
2 3 6 ,.8
99,.8
11 .7

5 1 5 .9
8 7 3 ,.9
246 . 1
9 8 .6
13 .3

17
18
19
20

N o n f i n a n . b u s i n e s s net w o r t h
Nonfarm noncorp. business
Farm business
Nonfinancial corps.

310
95
79
135

.6
.8
. 1
. 7

366
109
93
163

.2
.1
.3
.7

4 3 5 .0
1 2 5 .2
114..5
1 9 5 .3

461
134
114
212

.5
.2
.5
.8

21

P v t . f i n a n . i n s t . net a s s e t s
S e c t o r net w o r t h
+Pension fund r e s e r v e s
- C o r p . equities held (7)(8)

32
25
13
5

.7
.0
.3
.6

25
26
27
28
29

Outstandings

5 1 9 ,.3

D o m e s t i c net w o r t h ,
by s e c t o r ( 4 ) ( 5 )
P r i v a t e s e c t o r net
consolidated (6)

8

1946

5 1 9 ,.3

(1)

2
3
4
5
6
7
8

Wealth

Cost

Outstandings

1945

23
24

Current

P u b l i c s e c t o r net a s s e t s
S t a t e and local g o v e r n m e n t s
U.S. government
Sponsored credit agencies
Monetary authority

25
20
9
4

.5
.9
.4
.8

- 2 2 3 .7
.8
- 2 2 3 .3
0 .3

27
22
10
4

.8
.5
.2
. 9

- 2 2 1 .8
.6
- 2 2 1 .6
0 .4

*

30
23
11
5

.3
.9
.7
.3

- 2 0 7 .5
.5
- 2 0 7 .4
0 .4
*

-199.0
.7
- 1 9 8 .8
0 .4

3 3 .7
2 6 .6
15.1
8 . 1
- 2 0 2 .8
.9
- 2 0 2 .4
0 .4

*

5 2 6 .. 1
1 4 8 ..0
1 3 2 ..2
2 4 6 .0
37,.4
2 9 .3
17,.5
9
•*
- 1 9 8 .5
- 3 ,. 9
-195 . 1
0 .5
0,.1

4 0 ,.8
30,.7
20,.4
10,.3
- 1 9 4 ,.1
- 5 .0
- 1 8 9 ,.7
0,.5
0,.1

4 5 .. 1
32. 8
2 4 ..2
.9
11 .
- 2 1 3 ,.1
- 1 0 ,.5
- 2 0 3 ,.2
0..5
0..1

21
22
23
24
25
26
27
28
29

Less:
Net U . S . f i n a n c i a l c l a i m s on
f o r e i g n e r s (9)
F g n . a s s e t s of U . S . r e s i d e n t s
- T o t a l U.S. a s s e t s held by
foreigners, excluding
equities
32

30
31

33

Unallocated

finan.assets

(10)

1 .3
14 .9

4 .8
17 .3

12 .7
2 3 .9

14 .9
2 6 .8

16 .0
28 . 1

17 .0
31 .4

16,.8
31 .9

18..3 3 0
34..3 31

13 .6

12 .4

11 .2

12 .0

12 .2

14 .5

15 .2

16.. 1 32

1 .8

6 .1

5 .1

5 .9

7 .8

8 .8

6 .2

12,.5 3 3

(1) Located within U.S. g e o g r a p h i c a l boundaries.
( 2 ) E x c l u d e s t a n g i b l e a s s e t s of f e d e r a l , s t a t e ,
and l o c a l g o v e r n m e n t s ; e x c l u d e s land h o l d i n g s
of F e d e r a l R e s e r v e B a n k s a n d f e d e r a l l y
sponsored credit agencies; excludes investments
in i n t a n g i b l e a s s e t s s u c h a s p a t e n t s .
( 3 ) At c u r r e n t c o s t .
(4) N a t i o n a l net w o r t h e q u a l s d o m e s t i c net w o r t h
p l u s U . S . n e t c l a i m s on f o r e i g n e r s ( l i n e s 10 +
30).
( 5 ) E q u a l s net c o n s o l i d a t e d t a n g i b l e and f i n a n c i a l
a s s e t s of p u b l i c a n d p r i v a t e s e c t o r s , l e s s n e t
U . S . f i n a n c i a l c l a i m s on f o r e i g n e r s , p l u s
u n a l l o c a t e d f i n a n c i a l a s s e t s ( l i n e s 11 • 2 5
- 30 * 3 3 ) .
(6) Lines 1 2 + 1 7 + 21.
( 7 ) I n c l u d e 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 .
(8) E x c l u d e s m u t u a l fund s h a r e s .
( 9 ) 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
a n d f o r e i g n h o l d i n g s of U . S . e q u i t i e s .
(10) Statistical discrepancy.
E q u a l s t h e s u m of
d i f f e r e n c e s b e t w e e n l i a b i l i t i e s for and
h o l d i n g s of i n d i v i d u a l f i n a n c i a l i n s t r u m e n t s ;
a r i s e s from tiring and r e p o r t i n g d i f f e r e n c e s .

Data

are

in

billion




of

dollars.

M a r c h 10, 1993
Domestic Wealth

Domestic
B.ll

Year-End

Domestic

Wealth

with

Tangible

Assets

at

Current

Outstandings

Year-End

1

1 1 5 2 ,.8

1 1 9 4 .6

1 2 8 3 .4

1 3 9 0 .1

1 4 6 1 .2

1 5 1 2 .9

1 5 7 6 .0

1 6 2 5 .8 D o m e s t i c

2
3
4
5
6
7
8

1 1 3 0 ,.7
8 4 8 ..3
3 0 0 ..7
2 8 2 ,.7
1 2 2 ..0
1 4 3 ..0
2 8 2 ..3

1 1 7 2 ,.8
8 7 8 .6
3 1 7 ,.9
2 9 5 ,.0
1 1 8 ..6
1 4 7 ..1
2 9 4 ..2

1 2 6 1 .7
9 4 6 .7
3 4 2 .5
3 2 2 .0
1 2 4 .9
157,.3
3 1 4 ,.9

1 3 6 8 .1
1 0 2 5 .7
3 6 1 ,.8
3 5 8 ,.1
133,.9
1 7 1 ..9
3 4 2 ..4

1 4 3 8 .4
1 0 7 2 .1
3 7 5 ,.6
3 8 3 ..0
137,.3
176,.2
3 6 6 ,.3

1 4 9 2 ,.3
1 1 0 3 ..6
3 8 9 ..0
3 9 5 ..2
1 3 7 ..5
1 8 2 ..0
3 8 8 ..7

1 5 5 6 .5
1 1 5 0 .7
4 0 8 .8
4 1 1 .7
141,.2
189,.0
4 0 5 ,.8

1 6 0 8 .0
1 1 8 8 ..4
4 2 6 ..0
4 2 3 ..5
1 4 5 ..2
1 9 3 ..7
4 1 9 ..6

9

2 2 .1

2 1 ,.8

2 1 .8

2 2 ..1

2 2 ..9

20. 6

19..5

17.,8

1194.6

wealth

Outstandings

(1)

1

Total tangible assets (2)
R e p r o d u c i b l e assets (3)
Residential structures
Nonres. plant & equip.
Inventories
Consumer durables
L a n d at m a r k e t v a l u e
•

U.S.

monetary

gold

1625.8

1512.9

Wealth

Cost

SDRs

9

D o m e s t i c net w o r t h ,
by sector ( 4 X 5 )
P r i v a t e sector net
consolidated (6)

8

2
3
4
5
6
7
8

worth,

11

1 3 8 1 .4

1 4 3 2 ,.1

1 5 2 0 .4

1 6 3 0 .2

1 7 0 8 .3

1 7 7 9 .4

1 8 4 8 .5

1903.4

12
13
14
15
16

7 2 8 .7
1 2 1 6 ,.7
301,.2
1 5 8 .3
2 8 .5

7 6 1 .8
1 3 2 7 ..4
3 0 3 ..3
2 2 8 ..9
3 3 ..3

8 0 8 ,.9
1 4 3 9 ,.8
3 1 2 ..0
2 7 8 ,.5
4 0 ,.5

862
1531
327
296
45

.5
.7
.4
.0
.7

9 0 2 ..3
1550,
3 3 7 ,.7
2 5 8 .7
5 1 ..3

946
1717
351
360
60

990
1800
354
386
69

.6
.5
.5
.2
.2

1031.3
1842.9
356.5
378.4
76.7

H o u s e h o l d net a s s e t s
S e c t o r net w o r t h
- E q u i t y in n o n c o r p . b u s .
- C o r p . equities held (7)(8)
- P e n s i o n fund reserves

12
13
14
15
16

17
18
19
20

6 0 2 ,.2
1 6 3 .6
1 4 1 ..0
2 9 7 ,.6

6 1 4 ..3
1 6 5 .,0
1 4 1 .,9
3 0 7 ,,4

6 5 0 ,.9
1 7 1 ,,7
1 4 4 ..2
3 3 5 ..1

701
180
151
369

.0
.3
.5
.1

7 3 2 ..5
184. 8
1 5 8 .,0
3 8 9 ..8

7 5 6 ,.5
188,.8
1 6 7 ..9
3 9 9 ,.7

7 7 5 .6
190,.8
1 6 9 .8
4 1 5 .0

781.8
192.0
171.0
418.8

N o n f i n a n . b u s i n e s s net w o r t h
Nonfarm noncorp. business
Farm business
Nonfinancial corps.

17
18
19
20

21
22
23
24

5 0 ..5
34..9
2 8 ..5
12,.9

P v t . f i n a n . I n s t . net a s s e t s
S e c t o r net w o r t h
+ P e n s i o n fund r e s e r v e s
- C o r p . equities held (7)(8)

21
22
23
24

25
26
27
28
29

- 2 2 5 ..6
- 1 4 ..0
- 2 1 2 ..1
0. 5
0..1

55.
40,
33.
17,

9
4
3
7

60. 6
44. 2
40. 5
2 4 .,1

-234. 7
-17. 9
-217. 5
0. 6
0. 1

-235. 5
- 2 1 .,1
-215. 1
0. 6
0. 1

66..7
4 6 ,.9
4 5 ,.7
2 5 ,.9
- 2 3 2 ..8
- 2 4 ,. 1
- 2 0 9 ..4
0..6
0..1

.2
.8
.1
.4

73.
47.
51.
25.

4
6
3
5

76..7
5 2 ..6
6 0 ..4
3 6 ..4

8 2 .4
5 5 ,.7
69,.2
4 2 ..6

90.4
59.9
76.7
46.2

-234.
-28.
-206.
0.
0.

7
7
7
7
1

- 2 4 9 ..9
- 3 4 ..2
-216. 5
0..7
0.,1

- 2 5 7 .1
- 3 8 ,.6
- 2 1 9 ..4
0..8
0..1

-258.0
-41.9
-217.0
0.8
0.1

11

P u b l i c sector net a s s e t s
S t a t e and local g o v e r n m e n t s
U.S. government
Sponsored credit agencies
Monetary authority

25
26
27
28
29

Less:
. . .
19-5

30
31

5 6 , 7

32

^7.2

33

**"4

19.7
38.4

29.6

N e t U . S . f i n a n c i a l c l a i m s on
foreigners (9)
F g n . a s s e t s of U . S . r e s i d e n t s
- T o t a l U.S. assets held by
foreigners, excluding
equities

32

14.3

Unallocated

33

4.1.3
40.6

24.7
46.4

28.7
51.4

31.2
55.3

31.4
58.9

34.0
63.5

18.7

19.3

21.6

22.6

24.1

27.6

17.0

19.9

17.4

16.3

14.6

16.0

finan.assets

(10)

(1) Located within U.S. geographical boundaries.
( 2 ) E x c l u d e s t a n g i b l e a s s e t s of f e d e r a l , s t a t e ,
and local g o v e r n m e n t s ; e x c l u d e s land h o l d i n g s
of F e d e r a l R e s e r v e B a n k s and f e d e r a l l y
sponsored credit agencies; excludes investments
in i n t a n g i b l e a s s e t s s u c h as p a t e n t s .
(3) At current cost.
(4) N a t i o n a l net w o r t h e q u a l s d o m e s t i c net w o r t h
p l u s U . S . n e t c l a i m s o n f o r e i g n e r s ( l i n e s 10 •
30).
(5) E q u a l s net c o n s o l i d a t e d t a n g i b l e and f i n a n c i a l
a s s e t s of p u b l i c a n d p r i v a t e s e c t o r s , l e s s n e t
U . S . f i n a n c i a l c l a i m s on f o r e i g n e r s , p l u s
u n a l l o c a t e d f i n a n c i a l a s s e t s ( l i n e s 11 • 2 5
- 3 0 +
33).
(6) Lines 1 2 + 1 7 + 21.
( 7 ) I n c l u d e 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 .
(8) Excludes mutual fund shares.
( 9 ) 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
and f o r e i g n h o l d i n g s of U . S . e q u i t i e s .
(10) Statistical discrepancy.
E q u a l s t h e s u m of
d i f f e r e n c e s b e t w e e n l i a b i l i t i e s for and
h o l d i n g s of i n d i v i d u a l f i n a n c i a l i n s t r u m e n t s ;
a r i s e s from timing and r e p o r t i n g d i f f e r e n c e s .

Data

are

in

billions




of

dollars.

30
31

M a r c h 10, 1993
Domestic Wealth

Year-End

Domestic
B.ll

4

Domestic

Health

with

Tangible

Assets

at

Current

Year-End

Outstandings

wealth

1967

1968

2042. 4

2211. 5

2363. 6

2609. 1

1

2028. 3
1489. 2
532. 5
542. 3
178. 4
236. 1
539. 1

2198. 3
1629. 1
576. 9
598. 7
195. 1
258. 5
569. 2

2 3 5 1 .5
1747. 3
608. 7
649.4
206. 0
283. 2
604. 2

2598. 2
1938. 7
683. 9
719. 3
221. 3
314. 2
659. 5

2
3
4
5
6
7
8

+

10

U.S.

monetary

gold

8

SDRs

15. 5

14. 1

13. 2

12. 1

10. 9

9

D o m e s t i c net w o r t h ,
by s e c t o r ( 4 ) ( 5 )

P r i v a t e sector net
consolidated (6)
11

1826. 6

1921. 2

2042. 4

2211. 5

2363. 6

2 6 0 9 . 1 10

2052. 5

2133. 9

2241 .
,2

2374. 3

2552. 7

2 7 3 0 ..5

2989. 8

11

1 1 2 0 .. 1
2 0 0 4 ..1
3 7 4 ..1
4 1 6 ..2
9 3 .,6

1 1 7 3 ..2
2 1 5 1 ..6
3 8 3 ..6
4 8 8 ..7
1 0 6 .,0

1 2 3 6 .. 1
2 2 8 8 ..7
3 9 6 ., 1
5 3 5 ..7
1 2 0 ..8

1304 .
.2
2458. 4
4 1 7 .,9
6 0 0 ..5
1 3 5 ..8

1402. 7
2529. 2
4 4 1 .4
540. 9
1 4 4 .,2

1 5 1 6 .,4
2 8 1 8 ..5
4 6 0 ..7
6 7 6 ..3
1 6 5 ..0

1673.
3162.
496.
806.
185.

12
13
14
15
16

8 2 5 ..9
2 0 1 .5
1 8 0 ..3
4 4 4 ..1

8 5 0 ..5
2 0 6 ..0
1 8 6 ..0
4 5 8 ..5

8 8 7 ..2
2 1 3 ,.5
.6
191 .
482 . 1

9 4 7 ..5
2 2 2 ..4
2 0 5 ..4
5 1 9 ..7

1 0 1 5 .. 1
2 3 9 ..3
212. 5
5 6 3 ..3

1 0 7 9 .. 1
2 4 9 ..5
2 2 2 ..4
6 0 7 ..2

1 1 7 4 . 5 17
2 7 4 ..3 18
2 3 4 ..4 19
6 6 5 ..8 2 0

.8
.5
.6
.4

1 0 6 ..5
70,.8
93..6
5 7 .9

110.. 1
74 .7
1 0 6 .0
7 0 .6

117,.9
8 0 ,.5
1 2 0 .8
8 3 .4

122..5
8 5 .4
135,.8
9 8 .7

1 3 4 ..9
8 5 ..0
144 .
94 .
,3

.8
.7
. 1
.8
. 1

- 2 7 5 .6
- 4 8 .8
- 2 2 7 ..8
0 .9
0. 1

1964

1965

1750. 4

1826. 6

1 9 2 1 .2

1665. 7
1222. 1
442. 4
435. 7
147. 1
196. 8
443. 7

1734. 3
1269. 6
460. 4
453.4
153. 4
202. 3
464. 7

1811. 0
1318. 5
474. 1
472. 9
158. 7
212. 8
492. 5

1905. 8
1394. 0
505. 6
500. 4
164. 2
223. 7
511. 8

16. 9

16. 1

15. 6

1750. 4

1973. 6

9

1963

1682. 7

2
3
4
5
6
7
8

1962

1682. 7

(1)

Total tangible assets (2)
Reproducible assets (3)
Residential structures
Nonres. plant 8 equip.
Inventories
Consumer durables
L a n d at m a r k e t v a l u e

worth,

12
13
14
15
16

H o u s e h o l d net a s s e t s
S e c t o r net w o r t h
- 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 held (7)(8)
- P e n s i o n fund r e s e r v e s

1076. 5
2 0 0 8 ., 1
3 6 5 .,0
4 7 7 .,9
8 8 ..6

17
18
19
20

N o n f i n a n . b u s i n e s s net w o r t h
Nonfarm noncorp. business
Farm business
Nonfinancial corps.

8 0 2 ..4
1 9 6 ..2
1 7 6 ..0
4 3 0 ..2

21
22
23
24

P v t . f i n a n . i n s t . net a s s e t s
S e c t o r net w o r t h
• 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 (7)(8)

25
26
27
28
29

P u b l i c s e c t o r net a s s e t s
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

94
67
88
61
-267
-45
-223
0
0

Outstandings

1966

1961

1 Domestic

Wealth

Cost

-280
-51
-229
0
0

.3
.5
.9
.9
. 1

-287
-54
-233
1
0

.2
.5
.8
.0
. 1

-291
-57
-235
1
0

.4
.0
.7
.1
. 1

- 2 9 8 .6
.
- 6 0 .9
.
- 2 3 9 ..0
1.
.2
0,. 1

135
92
165
122

.0
.0
.0
. 1

- 3 1 1 .4
— 66 .0
- 2 4 7 .0
1 .4
0 .2

4
4
6
9
4

141.8
101 ,
185 .4
144 .9

21
22
23
24

- 3 2 4 .2
-70.5
- 2 5 5 .5
1 .7
0 .2

25
26
27
28
29

Less:
N e t U . S . f i n a n c i a l c l a i m s on
f o r e i g n e r s (9)
F g n . a s s e t s of U . S . r e s i d e n t s
- T o t a l U.S. a s s e t s held by
foreigners, excluding
equities
32

30
31

33

Unallocated

finan.assets

(10)

4 0 .4
74 . 1

4 3 .3
8 0 .4

5 0 .2
91 .5

56 . 1
9 8 .8

31 .7

3 3 .7

3 7 .2

41 .3

4 2 .7

46 . 1

14 .8

13 .8

16 .3

17 .5

15 .6

17 .3

CI) Located within U.S. geographical boundaries.
( 2 ) E x c l u d e s t a n g i b l e a s s e t s of f e d e r a l , s t a t e ,
and l o c a l g o v e r n m e n t s ; e x c l u d e s land h o l d i n g s
of F e d e r a l R e s e r v e B a n k s a n d f e d e r a l l y
sponsored credit agencies; excludes investments
in i n t a n g i b l e a s s e t s s u c h as p a t e n t s .
( 3 ) At c u r r e n t c o s t .
(4) N a t i o n a l net w o r t h e q u a l s d o m e s t i c net w o r t h
p l u s U . S . net c l a i m s on f o r e i g n e r s ( l i n e s 10 +
30).
(5) E q u a l s net c o n s o l i d a t e d t a n g i b l e and f i n a n c i a l
a s s e t s of p u b l i c a n d p r i v a t e s e c t o r s , l e s s n e t
U . S . f i n a n c i a l c l a i m s on f o r e i g n e r s , p l u s
u n a l l o c a t e d f i n a n c i a l a s s e t s ( l i n e s 11 + 2 5
- 30 • 33).
(6) Lines 1 2 + 1 7 +
21.
( 7 ) I n c l u d e 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 .
(8) E x c l u d e s m u t u a l fund s h a r e s .
( 9 ) 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
a n d f o r e i g n h o l d i n g s of U . S . e q u i t i e s .
(10) Statistical discrepancy.
E q u a l s t h e s u m of
d i f f e r e n c e s b e t w e e n l i a b i l i t i e s for and
h o l d i n g s of i n d i v i d u a l f i n a n c i a l i n s t r u m e n t s ;
arises from timing and r e p o r t i n g d i f f e r e n c e s .

Data

are

in

billions




of

dollars.

5 9 .9
1 0 6 .0

3 7 .9
6 9 .6

6 3 .6
1 1 5 .9

5 2 .3
8 .2

67 .7 30
1 2 6 .0 31

5 8 .3

32

11 .3 33

M a r c h 10, 1993
Domestic Wealth

Domestic
B.ll

Year-End

Domestic

Wealth

with

Tangible

Assets

at

Current

Wealth

Cost

Outstandings

Year-End

Outstandings

1

2 8 5 2 .9

3 0 5 6 .6

3 3 3 2 .3

3 7 4 8 .8

4 3 1 8 .6

4 9 9 7 .4

5 5 3 6 ,.2

.0
6162 .0 Domestic

2
3
4
5
6
7
8

2 8 4 1 .0
2 1 3 4 ,.5
7 5 2 ,.0
7 9 6 ,.3
2 4 2 ,.5
3 4 3 ,.7
7 0 6 ,.5

3 0 4 4 .7
2 2 9 5 .5
7 9 5 .0
8 7 8 .8
2 4 9 ,.3
3 7 2 ,.4
7 4 9 ,.2

3 3 2 0 .9
2 5 1 5 .7
8 8 6 .8
9 6 7 .7
2 6 7 .4
3 9 3 ,.7
8 0 5 ,.2

3 7 3 6 .3
2 8 3 1 .8
1 0 3 4 ,.0
1 0 7 6 ,.4
2 9 6 ,.6
4 2 4 ..7
904. 5

4 3 0 4 .8
3 2 4 3 .9
1 1 8 5 ,.2
1 2 2 3 ,. 1
3 6 5 .. 1
470. 5
1060. 9

4 9 8 3 .4
3 7 7 3 .7
1 3 3 4 ,.8
1 4 5 9 ..5
4 3 5 ..2
5 4 4 ,,2
1 2 0 9 ,,7

5 5 2 2 ,.3
4 1 3 7 ,.2
1 4 6 3 ..4
1 6 3 8 ..0
4 4 0 ,,0
5 9 5 .,7
1 3 8 5 ., 1

6 1 4 8 .0
4 5 4 3 .4
1630 . 9
1 7 8 4 .5
4 7 5 .3
6 5 2 .8
1 6 0 4 ,.6

9

11..9

11..9

11..4

12. 4

13, 8

14. 0

13. 9

14..0

10

2 8 5 2 .9

3056.6

3332.3

3748.8

4 3 1 8 .6

4 9 9 7 .4

5 5 3 6 .2

6 1 6 2 .0

D o m e s t i c net w o r t h ,
by s e c t o r (4)(5 )

11

3 2 3 4 .9

3 4 6 1 .5

3762.0

4211.6

4 7 9 2 .2

5 5 1 9 .0

6 1 7 1 .6

6 8 6 1 .9

P r i v a t e s e c t o r net
c o n s o l i d a t e d (6)

12
13
14
15
16

1802
3220
524
699
194

1924.3
3366.7
546.4
682.7
213.3

2085.6
3704.2
593.2
778.0
247.5

2312.4
4138.8
666.4
862.0
297.9

2561
4327
800
663
302

2876
4521
877
460
307

3195
5156
958
600
402

. 1
. 7
.9
.5
.2

3551
5801
1071
716
461

. 9
.7
.0

H o u s e h o l d net a s s e t s
S e c t o r net w o r t h
- 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 held (7)(8)
- P e n s i o n fund r e s e r v e s

17
18
19
20

1 2 7 3 .8
2 9 3 .8
2 4 3 .3
7 3 6 ..7

1363.6
311.4
248.3
803.9

1499.4
340.6
267.0
8 9 1 .8

1695.4
379.7
303.4
1012.3

1 9 7 4 .0
4 3 8 .4
3 8 1 .7
1 1 5 3 ..9

2615
516
468
1630

. 7
.6
.7
.4

2 8 9 7 ,. 6
564 ,
.0
1 7 9 2 ..7

N o n f i n a n . b u s i n e s s net w o r t h
Nonfarm noncorp. business
Farm business
Nonfinancial corps.

17
18
19
20

21
22
23
24

158,.5
1 0 4 ..4
1 9 4 ..6
1 4 0 .,5

173.6
109.8
213.3
149.5

177.0
124.5
247.5
195.0

203.9
143.0
297.9
237.1

4 1 2 ,, 6
201 .
461 .
2 4 9 ..6

P v t . f i n a n . i n s t . net a s s e t s
S e c t o r net w o r t h
• 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 (7)(8)

21
22
23
24

25
26
27
28
29

- 3 2 5 ..3
- 7 8 .,2
- 2 4 9 .,2
2..0
0.,2

-345.5
-87.3
-260.7
2.3
0.2

-375.6
-96.2
-282.3
2.6
0.2

-390.8
-95.1
-298.9
2.9
0.3

- 3 9 1 .4
-90. 6
-305. 2
4. 1
0. 3

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

26

30
31

67.2
134.5

68.7
140.5

54.9
151.5

50.3
163.1

180.2

32

67.3

71.8

96.6

112.8

125.3

33

10.4

9.3

0.8

-21.8

-27.3

.6
.6
.3
. 1
.6

.5
.6
. 1
.6
.5

2 5 6 .. 7
1 5 8 .,6
302. 5
204. 3

54.9

.6
.7
.8
.2
. 1

2 3 3 4 .0
4 8 0 .6
4 1 9 ,.8
1 4 3 3 ..6
3 0 8 .,5
1 5 9 ..0
3 0 7 ., 1
157. 6
-403. 9
-94. 3
-316. 2
6. 2
0. 4

56.0

3 6 0 ,.8
1 7 4 ..2
4 0 2 ,,2
2 1 5 ..6
- 4 8 4 ..3
-99. 8
- 3 9 2 ., 9
7. 9
0. 5

.8

-544.

CI)

+

U.S.

monetary

gold

8

5
0. 5

165.1
359.2

150.6

153.1

194.

-61.8

-69.8

10.1

25

in

billions




of

dollars.

27

28
29

N e t U . S . f i n a n c i a l c l a i m s on
foreigners (9)
F g n . a s s e t s of U . S . r e s i d e n t s
- T o t a l U . S . a s s e t s held by
foreigners» excluding
equities

32

Unallocated

33

finan.assets

(10)

(5) E q u a l s net c o n s o l i d a t e d t a n g i b l e and f i n a n c i a l
a s s e t s of p u b l i c a n d p r i v a t e s e c t o r s , l e s s n e t
U . S . f i n a n c i a l c l a i m s on f o r e i g n e r s , p l u s
u n a l l o c a t e d f i n a n c i a l a s s e t s ( l i n e s 11 + 2 5
- 3 0 +
33).
(6) Lines 1 2 + 1 7 +
21.
( 7 ) I n c l u d e 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 .
(8) E x c l u d e s mutual fund s h a r e s .
( 9 ) 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
a n d f o r e i g n h o l d i n g s of U . S . e q u i t i e s .
(10) Statistical discrepancy.
E q u a l s t h e s u m of
d i f f e r e n c e s b e t w e e n l i a b i l i t i e s for and
h o l d i n g s of i n d i v i d u a l f i n a n c i a l i n s t r u m e n t s ;
a r i s e s from t i m i n g and r e p o r t i n g d i f f e r e n c e s .

are

9

worth,

(1) Located within U.S. geographical boundaries.
( 2 ) E x c l u d e s t a n g i b l e a s s e t s of f e d e r a l , s t a t e ,
and local g o v e r n m e n t s ; e x c l u d e s land h o l d i n g s
of F e d e r a l R e s e r v e B a n k s a n d f e d e r a l l y
sponsored credit agencies; excludes investments
in i n t a n g i b l e a s s e t s s u c h a s p a t e n t s .
( 3 ) At c u r r e n t c o s t .
(4) N a t i o n a l net w o r t h e q u a l s d o m e s t i c net w o r t h
p l u s U . S . n e t c l a i m s on f o r e i g n e r s ( l i n e s 10 +
30).

Data

2
3
4
5
6
7
8

SDRs

9

81.4
234.5

206.6

wealth

Total tangible assets (2)
R e p r o d u c i b l e assets (3)
Residential structures
Nonres. plant & equip.
Inventories
Consumer durables
L a n d at m a r k e t v a l u e

30
31

M a r c h 10, 1993
Domestic Wealth

Year-End

Domestic
B.ll

6

Domestic

Wealth

with

Tangible

Assets

at

Current

Outstandings

1 Domestic

wealth

Year-End

(1)

Total tangible assets (2)
Reproducible assets (3)
Residential structures
Nonres. plant 8 equip.
Inventories
Consumer durables
L a n d at m a r k e t v a l u e

9

• U.S.

gold

10

11

8 SDRs

8 0 5 0 .6

9 3 5 1 .5

1 0 6 3 0 .7

1 1 6 3 2 .7

1 2 1 9 2 .5

1 2 7 6 6 .2

1 3 5 8 1 .0

1

6947
5119
1891
1981
521
725
1827

8037
5882
2211
2250
605
815
2154

9337
6759
2547
2585
702
924
2577

10616
7612
2840
2974
784
1014
3004

11617
8335
3049
3363
836
1086
3282

12176
8688
3148
3589
817
1133
3488

12750
9008
3279
3707
827
1193
3741

13564
9528
3448
3899
898
1281
4035

.2
.3
.6
.4
.8
.5
.9

2
3
4
5
6
7
8

.4
.7
.2
.4
.6
.5
.7

.4
.4
.2
.8
.3
.2
.9

.6
.7
.1
.6
.6
.4
.9

.9
.8
.0
.2
.2
.3
.1

.5
.2
.6
.3
.1
.2
.3

.1
. 1
.3
.0
. 1
.7
.0

.0
.4
.9
.1
.6
.8
.6

14 .3

13 .2

13 .9

13 .8

15 .2

16 .4

16 .1

16 .7

9

6 9 6 1 .7

D o m e s t i c net w o r t h .
by s e c t o r ( 4 ) ( 5 )
P r i v a t e s e c t o r net
consolidated (6)

Outstandings

6 9 6 1 .7

2
3
4
5
6
7
8

monetary

Wealth

Cost

8 0 5 0 .6

9 3 5 1 .5

1 0 6 3 0 .7

1 1 6 3 2 .7

1 2 1 9 2 .5

1 2 7 6 6 .2

1 3 5 8 1 .0

10

1 0 2 4 1 ..3

worth,
7 7 1 1 ,.8

8 8 5 9 .5

1 1 6 6 3 .8

1 2 7 6 7 .9

1 3 4 6 8 .2

1 4 2 1 9 .4

1 5 1 7 0 ,.0

11

12
13
14
15
16

H o u s e h o l d net a s s e t s
S e c t o r net w o r t h
- E q u i t y in n o n c o r p . b u s .
- C o r p . equities held (7)(8)
- P e n s i o n fund r e s e r v e s

3985 . 1
6 3 5 6 ..6
1 1 9 5 ,.6
6 6 8 ..5
5 0 7 ..5

4 5 3 5 ..7
7 2 0 0 ..6
1 3 9 9 .,2
663. 9
601. 7

5 1 9 0 .. 1
8 3 3 4 .,8
1633.
8 1 2 ..2
699. 4

5 8 2 8 ..4
9 6 4 4 ..3
1 8 6 5 ,.0
1 1 1 1 ..3
8 3 9 ..6

6 3 5 7 ..4
1 0 3 3 7 ..3
2 0 1 7 ..9
1 0 5 1 ..2
910. 7

6 7 7 4 .0
1 1 1 0 2 ,.4
2 0 1 8 ..6
1 1 2 8 ..4
1 1 8 1 ..3

7 2 5 9 ..5
1 2 0 0 1 ,.5
2 0 6 5 ,.4
1 2 6 7 ..8
1 4 0 8 .,8

7 9 3 6 ., 1
1 2 8 0 2 .,2
2 0 3 3 ..3
1 2 6 4 .,5
1 5 6 8 ,.3

12
13
14
15
16

17
18
19
20

N o n f i n a n . b u s i n e s s net w o r t h
Nonfarm noncorp. business
Farm business
Nonfinancial corps.

3 2 4 0 .,1
6 4 1 ., 1
592. 5
2006. 5

3745. 0
744. 7
7 0 1 .0
2299. 4

4372. 8
882. 5
805. 3
2685. 1

5 0 1 8 ..2
1 0 3 6 .,2
888. 9
3093. 1

5509. 4
1199. 5
877. 8
3432. 1

5 6 2 0 .,4
1234. 5
840. 5
3545. 4

5 7 5 8 .,2
1 2 7 6 ..6
845. 6
3635. 9

5 7 9 6 ..6
1 3 3 6 .. 1
7 4 5 ., 9
3 7 1 4 .,5

17
18
19
20

21

P v t . f i n a n . i n s t . net a s s e t s
S e c t o r net w o r t h
•Pension fund r e s e r v e s
- C o r p . e q u i t i e s held ( 7 X 8 )

486. 5
220. 8
507. 5
2 4 1 .8

578. 7
253. 6
6 0 1 .7
276. 6

678. 4
298. 1
699. 4
319. 1

817. 2
373. 9
839. 6
396. 4

901.
379.
910.
389.

1
4
7
0

1073. 8
408. 5
1181 .3
516. 0

1201. 7
450. 3
1408. 8
657. 4

1437.
529.
1568.
660.

2
6
3
7

21
22
23
24

-586. 9
-89. 7
-507. 7
9. 9
0. 6

-618.5
-84.8
-545. 3
10. 9
0. 7

-633. 1
-79. 3
-566.5
12. 0
0. 7

-694. 9
-81. 6
-626. 7
12. 5
0.8

-780.5
-92. 3
-702.8
13. 7
0. 9

-927. 7
-95. 6
-848. 3
15. 2
1. 0

-1113.8
-89.4
-1041. 7
16. 2
1. 1

-1288.2
- 8 4 .0
-1223. 9
18. 6
1. 1

25
26
27
28
29

164.1
407.2

183.9
492.6

224.7
570.5

260.6

291.1
708.8

293.2
728.4

248.2
728.3

138.8
710.6

30
31

243.0

308.7

345.8

394.3

417.7

435.2

480.1

571.8

32

1.0

-6.5

-32.1

-77.6

-63.5

-54.8

-91.2

-162.1

33

22
23
24

25
26
27
28
29

P u b l i c sector net a s s e t s
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
Less:

N e t U . S . f i n a n c i a l c l a i m s on
30
foreigners (9)
31
F g n . a s s e t s of U . S . r e s i d e n t s
- T o t a l U.S. a s s e t s held by
foreigners, excluding
32
equities
33

Unallocated

finan.assets

(10)

(1) Located within U.S. geographical boundaries.
( 2 ) E x c l u d e s t a n g i b l e a s s e t s of f e d e r a l , s t a t e ,
and local g o v e r n m e n t s ; e x c l u d e s land h o l d i n g s
of F e d e r a l R e s e r v e B a n k s a n d f e d e r a l l y
sponsored credit agencies; excludes investments
in i n t a n g i b l e a s s e t s s u c h a s p a t e n t s .
( 3 ) At c u r r e n t c o s t .
( 4 ) N a t i o n a l net w o r t h e q u a l s d o m e s t i c net w o r t h
p l u s U . S . n e t c l a i m s o n f o r e i g n e r s ( l i n e s 10 +
30).
( 5 ) E q u a l s net c o n s o l i d a t e d t a n g i b l e and f i n a n c i a l
a s s e t s of p u b l i c a n d p r i v a t e s e c t o r s , l e s s n e t
U . S . f i n a n c i a l c l a i m s on f o r e i g n e r s , p l u s
u n a l l o c a t e d f i n a n c i a l a s s e t s ( l i n e s 11 • 2 5
- 30 + 33).
(6) Lines 1 2 + 1 7 +
21.
( 7 ) I n c l u d e 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 .
(8) E x c l u d e s m u t u a l fund s h a r e s .
( 9 ) 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
a n d f o r e i g n h o l d i n g s of U . S . e q u i t i e s .
(10) Statistical discrepancy.
E q u a l s t h e s u m of
d i f f e r e n c e s b e t w e e n l i a b i l i t i e s for and
h o l d i n g s of i n d i v i d u a l f i n a n c i a l i n s t r u m e n t s ;
a r i s e s from t i m i n g and r e p o r t i n g d i f f e r e n c e s .

Data

are

in

billions




of

dollars.

654.9

M a r c h 10, 1993
Domestic Wealth

Domestic
B.ll

Year-End

Domestic

Wealth

with

Tangible

Assets

at

Current

Outstandings

Year-End

1

1 4 3 5 3 ..3

1 5 1 4 7 ..8

1 6 1 4 1 ,.7

1 7 1 0 8 ..3

18236. 4

1 8 2 2 8 ..1

1 8 3 6 2 ,.8

1 8 3 2 6 ..9 D o m e s t i c

2
3
4
5
6
7
8

1 4 3 3 4 ..9
1 0 0 4 7 ..2
3 6 3 9 ,.1
4 1 1 2 ..7
904,.3
1391,.1
4 2 8 7 ,.8

1 5 1 2 8 ,.4
1 0 6 3 9 .6
3902
4 3 2 2 .2
8 8 7 .8
1 5 2 7 .5
4 4 8 8 .7

1 6 1 2 0 ..3
1 1 3 3 9 .2
4 2 1 3 .2
4 5 1 5 ,.9
950,.6
1 6 5 9 .5
4 7 8 1 .1

1 7 0 8 7 ,.6
1 1 9 4 0 ,.5
4 2 9 8 .0
4 8 1 0 .3
1 0 2 3 .8
1 8 0 8 .4
5 1 4 7 ,.1

1 8 2 1 5 ..4
1 2 6 6 1 ..1
4 5 6 6 ..1
5 0 8 4 ,.2
1081,
1 9 2 9 ,.6
5 5 5 4 .3

1 8 2 0 6 ..0
1 3 2 6 6 ..3
4 7 9 5 ..9
5 3 3 4 ,.2
1 1 0 5 ..6
2 0 3 0 ..7
4 9 3 9 ..7

1 8 3 4 0 ..5
1 3 6 1 6 ,.3
4 9 7 3 ,.4
5 4 3 8 ..2
1082..1
2 1 2 2 ..7
4 7 2 4 ,.2

1 8 3 0 7 ..4
1 4 0 1 8 ..3
5 1 8 8 ..2
5 5 3 8 ..6
1 1 0 0 ..5
2 1 9 1 ..0
4 2 8 9 ..0

9

18,.4

19 .5

2 1 .4

2 0 .7

21,.0

2 2 ..0

22,.3

19..6

wealth

Outstandings

1

(1)

Total tangible assets (2)
Reproducible assets (3)
Residential structures
Nonres. plant 8 equip.
Inventories
Consumer durables
L a n d at m a r k e t v a l u e

2
3
4
5
6
7
8

+ U.S.

9

monetary

gold

18326.9

17108.3

Wealth

~J

Cost

D o m e s t i c net w o r t h ,
by sector ( 4 ) ( 5 )
P r i v a t e s e c t o r net
consolidated (6)

& SDRs

worth,
11

11

1 6 0 5 3 ..6

17033, 4

1 8 1 2 0 ..3

1 9 2 1 0 ,.2

2 0 5 3 6 ..7

2 0 7 4 7 ,.9

2 1 2 7 6 ..2

2 1 5 2 5 ,.6

12
13
14
15
16

8 5 5 8 ..5
1 4 0 7 2 ..3
2 0 5 9 ..3
1 6 1 1 ..4
1 8 4 3 ..1

9 2 1 4 ,.4
1 5 2 3 1 ..6
2 1 2 1 ..8
1 7 5 0 .7
2 1 4 4 ,.7

9 9 6 4 ..2
1 6 0 9 9 ..7
2253.
1 6 0 0 ..3
2 2 8 2 ..1

1 0 5 6 0 ,.1
1 7 1 9 9 ,.1
2 3 7 3 ,.1
1 7 1 8 ,.9
2 5 4 6 .9

1 1 4 0 6 ..6
1 8 9 1 7 ..2
2 5 2 4 ..9
2 0 0 4 ..1
2 9 8 1 .. 6

1 1 4 9 5 ,.9
1 8 8 3 9 ,. 3
2 4 4 9 .4
1841,.5
3 0 5 2 ,.5

1 1 9 6 4 ,.8
2 0 6 2 9 ,.1
2 3 6 7 .8
2 3 4 9 ,.1
3 9 4 7 ,.4

1 2 3 3 3 .3
2 1 4 1 4 ,.4
2 2 6 3 .6
2 5 3 5 ,.3
4 2 8 2 .3

H o u s e h o l d net a s s e t s
S e c t o r net w o r t h
- E q u i t y in n o n c o r p . b u s .
- C o r p . equities held (7)(8)
- P e n s i o n fund r e s e r v e s

12
13
14
15
16

17
18
19
20

5 8 9 3 ,.5
1 4 2 5 ,.7
6 7 6 ,.0
3 7 9 1 ,.9

6 0 0 6 ..4
1513,.3
6 4 6 ..0
3 8 4 7 .1

6 2 2 0 ..9
1 5 9 7 ..9
7 0 1 ..4
3 9 2 1 ..6

6502
1687
731
4083

.8
.9
.3
.5

6 8 0 0 ,.8
1 8 1 3 ,.3
758,.7
4 2 2 8 .8

6 6 9 8 .7
1 7 3 1 .7
768,.5
4 1 9 8 ,.5

6 3 3 3 ,.6
1 6 5 5 .7
759
3 9 1 8 .9

6111
1555
756
3799

.8
.4
.8
.7

N o n f i n a n . b u s i n e s s net w o r t h
Nonfarm noncorp. business
Farm business
Nonfinancial corps.

17
18
19
20

21
22
23
24

1601 ,
.7
6 0 5 ,.3
1843,
8 4 6 ,.7

1812,.6
6 9 5 .4
2 1 4 4 ,.7
1027,.5

1 9 3 5 ..3
742.
2 2 8 2 ..1
1 0 8 9 ..0

2147
822
2546
1221

.3
.0
.9
.6

2 3 2 9 ,.4
902,.8
2 9 8 1 ,.6
1 5 5 5 ,.0

2553
934
3052
1433

.2
.6
.5
.9

2 9 7 7 ,.7
1006,.2
3 9 4 7 ,.4
1 9 7 5 .8

3080
1063
4282
2265

.4
.7
.3
.5

P v t . f i n a n . i n s t . net a s s e t s
S e c t o r net w o r t h
•Pension fund reserves
- C o r p . equities held (7)(8)

21
22
23
24

25
26
27
28
29

- 1 4 7 9 ,.0
- 6 8 ..4
- 1 4 2 9 ,.8
18,.0
1,
.2

- 1 7 0 4 ..6
- 6 0 .7
- 1 6 6 3 ..7
18,.5
.3
1.

- 1 9 0 2 ..4
- 7 8 .3
- 1 8 4 5 ..7
2 0 ..3
1..4

- 2 5 3 8 .0
- 1 6 2 .7
- 2 4 0 6 ..0
2 9 .0
1 .6

- 2 8 0 5 .8
- 1 9 2 ,.8
- 2 6 4 6 ,.9
32,.2
1 .7

-3208
-239
-3007
36
1

- 2 0 9 7 .8
-84 . 1
- 2 0 3 8 .4
23 . 1
.5
1,

- 2 3 0 4 ,.6
- 1 1 9 ..0
- 2 2 1 3 ..1
2 5 ..9
.6
1.

.2 P u b l i c s e c t o r n e t a s s e t s
S t a t e and l o c a l g o v e r n m e n t s
.5
U.S. government
.2
Sponsored credit agencies
.8
Monetary authority
.7

25
26
27
28
29

Less:

55.4
731.1

30
31

-63.2
788.8

-151.8
849.1

-280.8
887.8

-385.7
957.0

-407.3
1053.8

-446.9
1038.4

32

675.7

852.0

1000.9

1168.6

1342.7

1461.1

1485.3

33

-165.9

-244.2

-228.0

-284.8

-381.4

-389.1

-554.5

-617.7
1040.1

-608.1

N e t U . S . f i n a n c i a l c l a i m s on
foreigners (9)
F g n . a s s e t s of U . S . r e s i d e n t s
- T o t a l U.S. assets held by
foreigners, excluding
equities
Unallocated

finan.assets

(10)

(1) Located within U.S. g e o g r a p h i c a l b o u n d a r i e s .
( 2 ) E x c l u d e s t a n g i b l e a s s e t s of f e d e r a l , s t a t e ,
and l o c a l g o v e r n m e n t s ; e x c l u d e s land h o l d i n g s
of F e d e r a l R e s e r v e B a n k s a n d f e d e r a l l y
sponsored credit agencies; excludes investments
in i n t a n g i b l e a s s e t s s u c h a s p a t e n t s .
(3) At c u r r e n t c o s t .
(4) N a t i o n a l net w o r t h e q u a l s d o m e s t i c net w o r t h
p l u s U . S . net c l a i m s on f o r e i g n e r s ( l i n e s 10 •
30).
(5) E q u a l s net c o n s o l i d a t e d t a n g i b l e and f i n a n c i a l
a s s e t s of p u b l i c a n d p r i v a t e s e c t o r s , l e s s n e t
. U.S. f i n a n c i a l c l a i m s on f o r e i g n e r s , plus
u n a l l o c a t e d f i n a n c i a l a s s e t s ( l i n e s 11 • 2 5
- 3 0 +
33).
(6) Lines 1 2 + 1 7 + 21.
( 7 ) I n c l u d e 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 .
(8) Excludes mutual fund shares.
( 9 ) 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
a n d f o r e i g n h o l d i n g s of U . S . e q u i t i e s .
(10) Statistical discrepancy.
E q u a l s the sum of
d i f f e r e n c e s b e t w e e n l i a b i l i t i e s for and
h o l d i n g s of i n d i v i d u a l f i n a n c i a l i n s t r u m e n t s ;
a r i s e s from t i m i n g and r e p o r t i n g d i f f e r e n c e s .

Data

are

in

billions




of

dollars.

30
31

32
33

M a r c h 10, 1993
Net F o r e i g n A s s e t s

Year-End

Net

8

B . 109

Foreign

Assets

Held

by

U.S.

net

foreign

Year-End

U.S.

2

Foreign assets owned
U.S. residents

assets

CI)

Outstandings

16.0

17.0

16.8

18.3

1

28.1

3
4
5
6
7
8
9
10
11
12
13
14
15

S e c u r i t y debt
Trade debt

16
17
18
19
20

Miscellaneous U.S. assets
U . S . e q . in I B R D , e t c .
U.S. government deposits
U . S . d i r . i n v . a b r o a d ( 2 ) (3
Other

owned

Assets

31.4

31.9

34.3

2

1.5
3
0.1
4
15.1
5
3.4
6
0.9
7
0.3
8
0.3
9
0 . 3 10
11
0 . 2 12
1 0 . 7 13

by

U.S. official fgn. exchange
& net IMF p o s i t i o n
U.S. private deposits
Credit market instruments
C o r p o r a t e bonds (2)
Bank loans n.e.c.
To f o r e i g n o f f i c i a l
To foreign banks
To other f o r e i g n
Commercial paper
A c c e p t a n c e l i a b s . to b a n k s
U.S. government loans

U.S.assets

Foreign

Residents

Outstandings

1

21

Net

-.2

0.9

1.3

1.5

12.3

13.7
2.9

13.9
2.9
0.9
0.1
0.3
0.5

1 .4
0.1
14.0
3.1
0.7
0.2
0.3
0.2

1.4
0.1
14.7
3.4
0.8
0.3
0.4
0.1
0.2
10.3

0.1

5.0
2.9
0.5

0.1

0.1

8.0

0.5
0.3

2.8

2.8

0.8

0.3

1.0

0.1

1.2
0.1

0.4
0.5

0.6
0.6

0.1

0.1

8.4

9.5

0.1
10.0

0.1
10.1

*

0.4

*
0.4

*

0.4

0.4

0.5

9.1

10.2

11.4

0.2
1.0

0.3
8.4
0.9

12.3
0.6
0.3
10.7
0.7

15.4
0.6
0.3
11 .8
2.7

15.3
0.6
0.3
13.0
1.3

1 7 . 1 16
0 . 6 17
0 . 3 18
1 4 . 7 19
1.4 2 0

12.2

14.5

15.2

16.1

2.7

2.3

1.7

0.4

0.2

0.3

0.5

2.0
1.7
0.8

2.0
2.0
1.1

1.7
1.7
1.7

2.1
2.1

2.4

3.0
2.7
2.7

2.8

3.4
2.9
2.9

4.8
4.3
4.3

4.9
4.3
4.3

0.2

0.3

0.2

0.3

0.3

0.3

0.1

0.1

0.1

0.1

0.2

0.1

0.1

0.4

0.1

0.4

0.4

0.1
0.4

0.1
0.3

0.1
0.4

5.3
2.5

5.4
2.5
2.9

4.0

4.1

1.4

1.3

3.8
2.9
0.9

4.1
3.4
0.7

0.4

by

9.4

0.6

0.6

0.6

0.4
7.2

7.2

1.2

0.6

0.2
9.6
0.9

foreigners

22
23
24

U.S. checkable dep.
U.S. time deposits
Net interbank claims

25
26
27
28
29
30
31
32

Security RPs
Credit market instruments
U.S. government securities
Official holdings
Private holdings
U.S. corporate bonds (2)
L o a n s to U . S . n o n b a n k b o r r .
Open-market paper

33
34

Security credit
Trade credit

35
36
37

Miscellaneous fgn. assets
D i r e c t i n v e s t , in U . S . ( 3 )
Other

CI) E x c l u d e s U.S. holdings
of U . S . e q u i t i e s .

1.6

of

foreign

1.6

3.1

2.6
2.6

2.8
equities

and

foreign

1.6

2.6

1.6

3.1

2.8

2.8

-

*
0.5

14
15

21

2.0 22
1.8 23
1.8 24

0.3

5.1
4.5
4.5
0.4
0.3

25
26
27
28
29
30
31
32

0.1
0.4

0.1
0.4

33
34

4.8
3.7
1.1

4.9
3.9
1.0

35
36
37

holdings

C2) C o r p o r a t e b o n d s i n c l u d e net i s s u e s by N e t h e r l a n d s A n t i l l e a n
financial subsidiaries; U.S. direct investment abroad excludes
net i n f l o w s f r o m t h o s e bond i s u e s .
C 3 ) D i r e c t i n v e s t m e n t i s v a l u e d on a c u r r e n t - c o s t b a s i s .

39

U.S. corporate equities
held by f o r e i g n e r s
Foreign corporate equities
held by U . S . r e s i d e n t s

Data

are

38

in

billions




of

dollars.

2.7

2.7

2.5

2.3

2.5

3.5

3.7

38

0.9

l.o

1.0

0.9

0.7

1.4

1.5

39

M a r c h 10, 1993
Net Foreign Assets

Net
B.109

Year-End

Net

Foreign

Assets

Held

by

U.S.

Foreign

Outstandings

Year-End

34.0

1.2

1.4

0.1
16.3
3.3
0.7

0.2

1.
66
3.3

1.0
0.1
16.6

0.2

0.4
0.4
0.3

3.1
1.4
0.4
0.5
0.5

0.2

0.3

0.3

1.2

0.2
0.3

11
12
13

12.0

14
15

0.5

0.5

0.6

16

22.2
0.6

11.8
0.1

0.6
0.7
0.5

20.8

3.8

4.7

2.1
0.7

0.6

0.6
12.8

0.1

19.9

19

0.4
17.6

1.2

0.7
19.4
1.5

1.5
2.4
1.7

1.7
2.9
1.7

5.8
5.0
5.0

6.4
5.5
5.5

0.8

26.4
0.7
1.3
22.5

29.6
0.7

1.5
2.8
1.8

1.8
2.7

2.1
2.5
2.0

6.7
5.8
5.8

7.3
6.1
6.1

2.0

0.9
0.7

0.7

0.1

0.3
16.3
1.3

2.6

1.1

0.1

0.7

0.1

0.9

12.2

0.6

20

1.8

0.5

2.0

0.1
18.8

11.8

18.4

0.6

17.4
3.4

2.0

11.8

17

18

1.6
0.1

1.8

25.4
1.7

2.0
0.1
21.4
5.2
2.9
0.9
0.7
1.3
0.6

12.8

U.S.

63.5
3
4
5
6
7
8
9
10

Foreign assets owned
U.S. residents

1.6

0.1
23.2
5.8
3.0
0.9

0.8
1.4

1.2
13.2

0.8

0.1

0.1
0.9

0.1

31.5
0.7
2.1
27.4
1.3

34.4
0.7
2.4
29.8
1.5

36.9
O.S
2.9
31.9
1.3

2.0

2.1

2.1

2.1

2.9
3.0

11.7
10.4

10.7

2.4

2.0

1.6

29.6

22
23
24

2.2

3.4

2.1

Assets

Residents

2.6

25

net

foreign

Outstandings

assets

(1)

by

U.S. official fgn. exchange
8 net IMF p o s i t i o n
U.S. private deposits
Credit market instruments
Corporate bonds (2)
Bank loans n.e.c.
To f o r e i g n o f f i c i a l
To foreign banks
To other foreign
Commercial paper
A c c e p t a n c e l i a b s . to b a n k s
U.S. government loans

3
4
5
6
7
8
9
10
li
12
13

S e c u r i t y debt
Trade debt

14
15

Miscellaneous U.S. assets
U . S . e q . in I B R D , e t c .
U.S. government deposits
U.S. d i r . i n v . abroad (2)(3
Other

16
17
18
19
20

U.S.assets

owned

by

foreigners

22

25
26
27
28
29
30
31
32
33
34

0.5

27
28
29
30
31
32
33
34

0.1

35
36
37

5.3
4.3

0.6

1.6
0.6

0.7

26

1.0

0.8

0.8

1.3

Security RPs
Credit market instruments
U.S. government securities
Official holdings
Private holdings
U.S. c o r p o r a t e bonds (2)
L o a n s to U . S . n o n b a n k b o r r .
Open-market paper

0.1

0.6

0.1

0.1

0.5

0.7

0.1
0.8

Security credit
Trade credit

7.9
5.7

8.4

8.2

8.1

0.1
0.3

1.1

0.1
0.5

5.5
4 .6
0.8

0.4

0.1
0.4
6.0
5.1
0.9

7.2
5.5
1.8

7.5
5.9
5.1
0.8

2.2

7.5

6.0
4.4

6.1
2.3

8.0
0.6

6.6
1.6

12.6
8.6
0.7

6.9

1.2

21

U.S. checkable dep.
U.S. time deposits
Net interbank claims

23
24

Miscellaneous fgn. assets
35
D i r e c t i n v e s t , in U . S . ( 3 ) 36
Other
37

( 1 ) 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 a n d f o r e i g n h o l d i n g s
of U . S . e q u i t i e s .
(2) C o r p o r a t e b o n d s i n c l u d e net i s s u e s by N e t h e r l a n d s A n t i l l e a n
financial subsidiaries; U.S. direct investment abroad excludes
net i n f l o w s from t h o s e bond i s u e s .
( 3 ) D i r e c t i n v e s t m e n t is v a l u e d on a c u r r e n t - c o s t b a s i s .

38

3.7

5.3

6.6

7.0

39

1.3

1.9

2.4

2.6

Data

are

in

billions




of

dollars.

U.S. corporate equities
held by f o r e i g n e r s
Foreign corporate equities
held by U.S. r e s i d e n t s

38
39

M a r c h 10, 1993
Net F o r e i g n A s s e t s

Net

^ Q
Year-End

B.109

2

Assets

Held

by

U.S.

net

foreign

1963

1964

1965

1966

1967

Outstandings

1968

4 0 ..4

4 3 ..3

5 0 ,,2

5 6 .1

59. 9

63.6

67. 7

1

74..1

8 0 ..4

91. 5

9 8 .8

106. 0

115.9

1 2 6 .,0

2

1. 8
0. 2
25. 5
6. 2
3. 7
0
1. 0
1. 7

1..2
0..8
2 7 ..5
7..2
4 .2
1..0
1..2
,9

1.,2
0..7
30,.8
8 .2
4 .8
0..9
1,.4
2,.5

1..2
,1
3 5 .,0
8 ,,7
6..5
0.,9
2 .,0
3. 6

1
0
37
9
7
1
2
3

1. 8
13. 7

1..8
14..4

2.,2
15..6

2. 6
1 7 .,2

0..1
2..2

0.,1
1 .8

0. 1
2. 6

40. 3
1. 0
3. 2
34. 7
1. 4

4 2 ..3
1..1
3. 4
3 7 ..3
0..5

4 5 .7
1..2
3 .9
4 0 ..7
.1

51. 5
1. 2
3. 9
44. 5
1. 9

56
1
3
55
-4

31. 7

33..7

37..2

3. 1
2. 9
3. 1

3.-2
3..4
3.,0

3..5
4..3
3..2

13. 1
11. 0
8. 8
2. 2
0. 7

14..8
12,.7
10..3
2..5
0..7

15..9
13..7
11..1
2..6
0..8

16. 9
14.,3
.5
11 .
2 ..8
1.,0

by

14
15

S e c u r i t y debt
Trade debt

16
17
18
19
20

Miscellaneous U.S. assets
U . S . e q . in I B R D . e t c .
U.S. government deposits
U.S. dir.inv. abroad ( 2 H 3
Other

by

37. 9

0. 1
1. 7

(1)

3
4
5
6
7
8
9
10
11
12
13

owned

1962

Assets

69. 6

assets

Foreign assets owned
U.S. residents

U.S.assets

Foreign

Residents
Year-End

U.S. official fgn. exchange
& net IMF p o s i t i o n
U.S. private deposits
Credit market instruments
C o r p o r a t e bonds (2)
Bank loans n.e.c.
To foreign official
To f o r e i g n b a n k s
To other foreign
Commercial paper
A c c e p t a n c e l i a b s . to b a n k s
U.S. government loans

21

Foreign

Outstandings

1961

1 U.S.

Net

foreigners

.6
.8
.5
. 1
. 1
.1
. 1
.9

3
4. 8
4
1.,6
5
4 6 .,1
6
12.,2
7
6. 3
8
0. 8
9
1.,9
3. b 10
11
2. 9 12
2 4 .,7 13

1. 6
0, 9
39, 5
9, 9
7.,1
1. 0
2 .,2
3. 8

2.8
1.1
43.3
11.1
6.7
1.0
1 .8
3.9

2 .5
18 .7

2. 5
20. 0

3.0
22.5

0 .1
2 .6

0. 1
2. 9

0.3
3.4

0. 5
3. 8

14
15

.3
.3
.9
.2
.1

61. 0
1. 3
4. 2
58. 3
-2. 7

65.1
1.4
4.0
64.4
—4.6

6 9 ..2
1. 5
3. 9
7 0 .,3
-6. 5

16
17
18
19
20

4 1 .,3

4 2 .7

4 6 .,1

52.3

5 8 . 3 21

4. 5
5. 5
3. 7

4 .6
6 .1
3 .8

5 .,0
6.,4
6. 7

5.3
7.7
7.3

5. 9 2 2
7.A 2 3
9.A 2 4

.2
.4
.4
.0
.8

16. 5
12. 9
9. 9
3. 0
1. 4

18.9
15.3
12.2
3.2
1.3

22
23
24

U.S. checkable dep.
U.S. time deposits
Net interbank claims

25
26
27
28
29
30
31
32

Security RPs
Credit market instruments
U.S. government securities
Official holdings
Private holdings
U.S. corporate bonds (2)
L o a n s to U . S . n o n b a n k b o r r .
Open-market paper

1. 4

1..4

1,.4

1.,6

2 .0

2.,2

2.2

25
26
27
28
29
30
31
2. 8 32

33
34

Security credit
Trade credit

0.,1
1. 0

0..1
1.
.1

0,. 1
.5
1.

0..1
1..8

0 .2
2 .1

0..2
2..7

0.3
3.3

0.,6 33
4.,8 34

35
36
37

Miscellaneous fgn. assets
D i r e c t i n v e s t , in U . S . ( 3 )
Other

8. 3
7. 4
0. 9

8 .1
7 .6
0 .5

8 .7
7 .9
0,.7

8 ..7
8 ..4
0..4

8 .8
8 .8

8 ..7
9.. 1
.4

9.6
9.9
—. 4

10..9 35
1 0 . 8 36
0,, 1 37

17
14
11
3
0

19.,3
15.,0
11.A
3.,6
1..5

( 1 ) 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 a n d f o r e i g n h o l d i n g s
of U . S . e q u i t i e s .
(2) C o r p o r a t e b o n d s i n c l u d e net i s s u e s by N e t h e r l a n d s A n t i l l e a n
financial subsidiaries; U.S. direct investment abroad excludes
net i n f l o w s f r o m t h o s e bond i s u e s .
C 3 ) D i r e c t i n v e s t m e n t is v a l u e d on a c u r r e n t - c o s t b a s i s .

39

Memo:
U.S. corporate equities
held by foreigners
Foreign corporate equities
held by U.S. r e s i d e n t s

Data

are

38

in

billions




of

dollars.

11.8

10.3

12.5

13.8

14.6

12.6

25.5

29.5

38

4.9

4.7

5.1

5.3

5.0

4.3

5.2

6.5

39

M a r c h 10, 1993
Net Foreign A s s e t s

Net
B.109

Year-End

Net

Foreign

Assets

Held

by

U.S.

Residents

Year-End

1

165.1

206.6

5.1

2.6

0.9

49.2
13.2

52.1
14.1
5.8

2.1

0.6
2.0

56.6
15.0
7.3

3.2

3.2

2.4
4.1

13

3.2
26.9

28.2

4.3
30.0

14
15

0.3
4.6

0.3
5.6

0.3

6.1

6.6

8.5

11.5

106.8

-20.6

92.2
2.5
3.5
126.4
-40.2

100.2
2.8

-10.1

79.2
1.9
3.8
89.1
-15.7

86.4

20

74.1
1.7
3.8
78.7

4.1
145.4
-52.1

-66.6

22

6.2

6.7
7.1
10.5

6.5
7.5
5.8

8.3

11.2

14.0

1.2

6

6.0
0.8

7

9

10
11

12

16
17

18
19

0.8

4.0

1.2

0.8

2.2
3.6

101.2

0.7

0.6

10.4
3.5
5.9

3.3
67.4
17.0
13.1
1.4
5.1
6.5

3.2
31.5

4.2
33.2

2.2
61.1
16.0

1.0

0.4

0.2

1.9
4.9

81.2
19.4
17.8
1.7

8.2

2.3
5.8
95.6
26.5

21.6
2.0

0.2
11.2

7.8

9.3
10.3

11.1

32.7

35.7

0.2

3.4
3.5
166.4

0.6

U.S.

359.2

50.3

163.1

8

Foreign assets owned
U.S. residents

4.8
7.4
115.7
34.7
28.4
2.9
13.5
12.0
1.3
12.4
38.9

0.3
12.5
118.4
4.1

2.0

191.1
-78.8

218.9
5.2
0.9
212.7

0.1

194.2

8.8

23
24

16.8

25

26

18.8

27

12.9
9.0
3.9

29
30
31
32

10.6
6.8

29.8

18.5
4.3
2.7

56.5
49.4
45.0
4.3
3.0

22.8

1.6

58.4
55.0
3.5
3.1
4.4

3.8

4.3

4.1

4.1

0.4
5.8

0.3
7.4

0.3
7.2

0.4

35
36
37

10.5

10.0

-1.3

13.3
-3.3

12.7
13.9

-1.2

66.0

65.1
58.0
53.8
4.2
3.1

33
34

11.8

13.4

0.5

2.0

28

Outstandings

1972

67.2

3
4
5

Assets

11

Outstandings

1969

Foreign

8.2
13.5
14.9
— 1.4

0.3

10.2
22.1

20.6
1.6

21.1
0.4
0.5
71.9

13.7
22 • 6
-9.5

foreign

assets

(1)

by
2

U.S. official fgn. exchange
8 net IMF p o s i t i o n
U.S. private deposits
Credit market instruments
C o r p o r a t e bonds (2)
Bank loans n.e.c.
To foreign official
To f o r e i g n b a n k s
To other foreign
Commercial paper
A c c e p t a n c e l i a b s . to b a n k s
U.S. government loans

3
4
5
6
7
8
9
10
11
12
13

S e c u r i t y debt
Trade debt

14
15

Miscellaneous U.S. assets
16
U . S . e q . in I B R D , e t c .
17
U.S. government deposits
18
U . S . d i r . i n v . a b r o a d ( 2 ) (3 19
Other
20

U.S.assets

owned

by

foreigners

21

U.S. checkable dep.
U.S. time deposits
Net interbank claims

22
23
24

Security RPs
Credit market instruments
U.S. government securities
Official holdings
Private holdings
U.S. corporate bonds (2)
L o a n s to U . S . n o n b a n k b o r r .
Open-market paper

25
26
27
28
29
30
31
32
33
34

4.0
0.3
4.8

4.2
4.6
0.3
5.3

0.4
94.4
82.9
75.8
7.0
5.5
0.5
5.6

0.3
12.4

0.4
14.8

18.9

Security credit
Trade credit

30.1
25.1
5.0

30.0
27.7
2.4

58.4
48.9
9.5

Miscellaneous fgn. assets
35
D i r e c t i n v e s t , in U . S . ( 3 ) 36
Other
37

62.8
60.1

2.8

0.5
80.7
70.5

16.9
20.7
-15.4

net

66.2

( 1 ) 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 a n d f o r e i g n h o l d i n g s
of U . S . e q u i t i e s .
( 2 ) C o r p o r a t e b o n d s i n c l u d e net i s s u e s by N e t h e r l a n d s A n t i l l e a n
financial subsidiaries; U.S. direct investment abroad excludes
net inflows from those bond i s u e s .
( 3 ) D i r e c t i n v e s t m e n t is v a l u e d on a c u r r e n t - c o s t b a s i s .

38

26.8

27.2

30.8

39.1

33.5

23.9

33.4

39

7.0

6.6

7.6

10.5

10.0

9.0

9.6

Data

are

in

billions




of

dollars.

Memo:
U.S. corporate equities
held by f o r e i g n e r s
Foreign corporate equities
held by U.S. r e s i d e n t s

38
39

M a r c h 10, 1993
Net F o r e i g n A s s e t s

Net
B.109

12

Year-End

Net

Foreign

Assets

Held

2

U.S.

net

foreign

Foreign

Year-End

164.1

183.9

2 2 4 ,.7

492.6

5.0
8.8
128.6
39.3
31.4
2.9
16.2
12.3
1.8
14.2
41.8

1980

Outstandings

1981

1982

1983

2 6 0 ,.6

2 9 1 ..1

2 9 3 .-2

2 4 8 .-2

138,.8

1

5 7 0 ,.5

6 5 4 ,.9

7 0 8 ..8

728. 4

7 2 8 ..3

710..6

2

5.4
17.1
155.7
42.1
49.9
5.2
25.7
19.1
2.9
15.0
45.7

5 ..1
2 6 ..9
1 6 7 ..1
4 2 ..0
5 3 .,0
7.-3
2 1 ..6
2 4 ..1
4..6
18..6
4 8 ,.9

13,.0
31 .4
191,.7
4 3 ..5
64,.8
11..9
2 6 ..3
2 6 .6
7 .0
.7
5 3 .8

14..8
.8
41 ,
2 1 2 ..0
4 5 ,.8
67,.8
12..6
2 1 ..8
3 3 ..3
10..8
2 9 ..6
5 7 ,.9

17..6
4 6 ..3
2 0 6 .,0
5 6 ..7
3 3 .,8
5 ..4
15.. 1
13.,3
15.
3 8 ..2
6 2 ..3

17..6
4 7 ..6
2 2 1 ,.1
5 7 ..5
37. 4
8 ,,5
14,.2
14.,8
21. 5
3 8 .-0
66. 6

18 .2
4 1 .8
2 2 9 .4
61..9
3 0 .8
7 .6
11..0
12..2
2 7 ..7
39..0
70..0

3
4
5
6
7
8
9
10
11
12
13

-

-

13.0

Foreign assets owned
U.S. residents

(1)

1979

407.2

assets

1978

Assets

Residents

Outstandings

1977

1 U.S.

by

1984

18.0

2 0 ..2

2 5 .6

2 6 ..3

2 2 ..4

2 1 .,4

251.8
6.0
0.8
255.1
-10.0

296.3
6.6
0.9
293.5
-4.7

3 5 1 ..2
7 .5
0..9
3 4 8 ,.2
- 5 ..5

3 9 3 .2
8 .3
1 .8
4 0 4 ..2
- 2 1 .1

4 1 3 ,.9
9..3
.6
1.
4 2 6 ..4
- 2 3 ..3

4 3 6 .-2
10..6
1..8
4 1 9 ..8
4..0

4 2 0 ..7
11.,3
1.,8
4 1 0 .,0
- 2 ..4

4 0 1 .,4
12..9
2..1
4 0 3 ,.6
- 1 7 ,.2

by

5
4
5
6
7
8
9
10
11
12
13

U.S. official fgn. exchange
8 net IMF p o s i t i o n
U.S. private deposits
Credit market instruments
C o r p o r a t e bonds (2)
Bank loans n.e.c.
To f o r e i g n o f f i c i a l
To f o r e i g n b a n k s
To other foreign
Commercial paper
A c c e p t a n c e l i a b s . to b a n k s
U.S. government loans

14
15

Security debt
Trade debt

16
17
18
19
20

Miscellaneous U.S. assets
U . S . e q . in I B R D , e t c .
U.S. government deposits
U.S. dir.inv. abroad (2)(3
Other

14
19..8 15
16
17
18
19
20

243.0

308.7

3 4 5 ..8

3 9 4 .3

4 1 7 .7

4 3 5 ..2

4 8 0 ,.i

5 7 1 ..8 21

22
23
24

U.S. checkable dep.
U.S. time deposits
Net interbank claims

19.3
21.0
-16.4

19.0
22.2
-10.0

23. 4
2 4 ..6
9..5

2 3 .5
2 5 .8
- 1 7 .- 1

19..7
2 8 .1
- 5 5 .0

16..0
3 4 ..9
- 8 7 .,9

17. 5
35. 4
-75.5

19..5 2 2
40,.0 2 3
- 7 3 ,.2 2 4

25
26
27
28
29
30
31
32

Security RPs
Credit market instruments
U.S. government securities
Official holdings
Private holdings
U.S. corporate bonds (2)
L o a n s to U . S . n o n b a n k b o r r .
Open-market paper

0.3
142.1
113.3
105.4
8.0
0.6
6.0

2.4
170.5
138.4
128.5
9.9
24.7
0.9
6.5

4,.1
161,.0
1 2 1 ..9
106,.6
15,.3
2 7 ,.7
2,.9
8,.4

4
186
135
118
17
36
4
9

4
214
145
125
20
47
13
8

6..0
2 5 0 ..2
1 6 0 .,3
1 3 2 ..6
2 7 ,.7
6 8 .0
15..6
6..3

6.,5
2 7 3 ..7
1 7 3 .,2
1 3 7 ..0
3 6 ..2
7 5 ..1
18..3
7..1

6,.6
3 4 1 ..8
2 1 0 ..3
144..7
65..6
91..9
31..3
8 .3

33
34

Security credit
Trade credit

20.8

24.9

2 5 .2

2 8 .6

2 8 .4

2 8 ..5

35
36
37

M i s c e l l a n e o u s fgn. assets
D i r e c t i n v e s t , in U . S . ( 3 )
Other

56.0
56.7
-.7

79.7
69.6
10.1

9 8 .1
8 8 .3
9 .8

1 4 2 .9
1 2 5 .9
16 .9

1 7 7 .6
1 5 9 .9
17 .7

1 8 7 ..6
1 7 6 ..9
10..7

21

U.S.assets

owned

by

foreigners

.4
.2
.8
.2
.6
.9
.2
.3

.4
.4
.3
.1
.2
.9
. 1
.0

2 7 .. 1
1 9 5 ..4
1 8 4 ..4
11..0

25
26
27
28
29
30
31
32

33
2 8 .6 34
2 0 8 .5 35
2 1 1 ..2 36
- 2 .7 3 7

( 1 ) 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 a n d f o r e i g n h o l d i n g s
of U . S . e q u i t i e s .
(2) C o r p o r a t e b o n d s i n c l u d e net i s s u e s by N e t h e r l a n d s A n t i l l e a n
financial subsidiaries; U.S. direct investment abroad excludes
net i n f l o w s from those bond i s u e s .
( 3 ) D i r e c t i n v e s t m e n t is v a l u e d on a c u r r e n t - c o s t b a s i s .

39

Memo:
U.S. corporate equities
held by f o r e i g n e r s
Foreign corporate equities
held by U . S . r e s i d e n t s

Data

are

38

in

billions




of

dollars.

39.8

42.1

4 8 .3

6 4 .6

6 4 .4

76..3

96..4

96

10.1

11.2

14 .8

19 .2

17 .4

18 .6

2 5 .9

2 7 .0 39

38

M a r c h 10, 1993
Net F o r e i g n A s s e t s

Net
B.109

Year-End

Net

Foreign

Assets

Held

by

U.S.

Residents

Year-End

1986

1987

1988

1989

1990

1991

55. 4

- 6 3 .,2

-151.8

-280.8

-385. 7

- 4 0 7 ..3

- 4 4 6 ..9

-617. 7 U.S.

2

731. 1

788. 8

849. 1

887. 8

957. 0

1 0 5 3 ..8

1 0 3 8 ..4

1040. 1

24. 4
45. 9
238. 3
7 6 .,2
23. 3
5,,3
7. 8
10..2
4 1 .,2
2 7 ..3
7 0 .,3

2 7 .,1
42. 8
2 4 4 .,6
8 3 .,1
2 1 ..5
4.,8
7..8
8 ..9
4 9 ..9
2 4 ..9
65..2

53. 6
43. 9
2 5 4 ..8
8 8 .,0
2 1 ..4
3.,4
8 ..6
9..4
6 3 ..0
19,.6
6 2 ..8

6 1 ..3
5 6 ..6
2 7 8 ..6
1 0 9 ..4
18..5
2..8
5..9
9 .8
75,.3
16..3
59,.1

5 5 ..4
61..2
2 9 2 ..7
1 2 4 ..2
2 1 ,.6
2..4
6..9
12,.3
8 1 ..8
12,.0
53,.2

17,.4

18..0

19..4

2 8 ..3

17..0

20,.0

4 1 8 ..2
14..4
2..0
4 2 4 ,.7
- 2 2 ,.8

4 6 3 ,.3
15 .9
1 .0
4 5 4 .8
- 8 .5

5 2 2 ..4
17..2
1.
.1
5 2 3 ..2
- 1 9 ..0

5 5 3 ..9
19..6
0,.8
5 3 8 ,.2
- 4 ,.7

5 7 6 ..4
2 0 ..7
0,.7
5 7 0 ,.0
- 1 5 ..0

6 7 5 ..7

8 5 2 .0

1 0 0 0 ..9

1 1 6 8 ..6

1 3 4 2 ..7

24. 8
37. 9
230. 6
65. 7
2 7 ..9
6.,2
9. 7
12.,1
3 3 ..9
3 1 .,6
7 1 ..3

14
15

19,.6

16
17
18
19
20

21

2 9 .,1
4 6 .,9
2 3 2 ., 1
6 8 ..8
2 6 ..9
6,.2
10..7
10..0
37.,4
2 6 ..3
72,.7

2 1 .9
4 5 .0
5 .1

2 2 ,.0
4 3 ,.1
- 2 ..5

.4
.0
.8
.7
.2

1 4 6 1 .1
2 1 .7
4 2 .6
2 2 .0

609
23
1
666
-82

.0
.5
.8
.4
.7

1 4 8 5 .3
2 0 .3
4 2 .0
5 . 1

51. 8
5 1 ..6
3 0 7 ,.6
1 4 2 ..7
2 3 ..2
3..3
7.. 1
12..7
77..7
11..2
5 2 ..7

2 1 .,2
6 0 7 ,.9
25,.0
2,.0
705,.2
- 1 2 4 ,.2

21,.6
3 9 .4
5 4 .0

2 1 .. 1
4 3 ,.7
- 5 8 ,.6

23,.8
41,.0
- 4 5 .9

25
26
27
28
29
30
31
32

7 .3
4 0 9 ,.6
2 4 1 .4
1 4 5 .1
9 6 .4
1 2 7 .1
3 2 .9
8 .1

10
510
291
178
113
168
40
9

33
34

2 9 .1

3 0 .7

31 .6

3 3 .7

3 6 .2

4 2 .2

4 0 .2

4 3 .5

35
36
37

2 2 3 .5
2 3 1 .3
- 7 .8

2 8 1 .0
2 6 5 .8
15 .1

3 3 0 .3
3 1 3 .5
16 .8

3 9 6 .9
3 7 4 .3
2 2 .6

4 9 2 .6
4 3 3 .2
5 9 .5

5 2 3 .7
4 6 6 .5
5 7 .2

5 2 6 .9
4 8 7 .0
3 9 .8

5 4 2 .5
4 9 0 .0
5 2 .6

12
563
323
220
102
187
42
9

.9
.5
.5
.5
.9
.9
.7
.5

12
653
387
260
126
201
53
10

.8
.2
.6
.9
.6
.8
.8
.0

17
734
439
265
174
215
66
12

.0
.2
.7
.7
.0
.5
.6
.3

16
792
472
297
175
221
88
10

.5
.4
.7
.0
.8
.1
.0
.5

15
835
514
314
200
237
71
11

.8
. 1
.9
. 1
.8
.4
.5
.2

net

foreign

23
932
587
337
250
255
76
12

.9
.8
.3
.2
.1
.8
.8
.9

assets

Foreign assets owned
U.S. residents

(1)

1

by
2

U.S. official fgn. exchange
& net IMF p o s i t i o n
U.S. private deposits
Credit market instruments
C o r p o r a t e bonds (2)
Bank loans n.e.c.
To foreign official
To foreign banks
To other foreign
Commercial paper
A c c e p t a n c e l i a b s . to b a n k s
U.S. government loans

3
4
5
6
7
8
9
10
11
12
13

S e c u r i t y debt
Trade debt

14
15

Miscellaneous U.S. assets
U . S . e q . in I B R D * e t c .
U.S. government deposits
U.S. d i r . i n v . abroad (2)(3
Other

16
17
18
19
20

1 6 5 7 ..8 U . S . a s s e t s

22
23
24

.7
.7
.9
.9
.0
.9
.8
.2

2 2 ..4
4 2 ,.0
- 1 .8

640
22
0
635
-18

Outstandings

1992

1

3
4
5
6
7
8
9
10
11
12
13

Assets

^ g

Outstandings

1985

Foreign

owned

by

foreigners

21

U.S. checkable dep.
U.S. time deposits
Net i n t e r b a n k claims

22
23
24

Security RPs
Credit market instruments
U.S. government securities
Official holdings
Private holdings
U.S. c o r p o r a t e bonds (2)
L o a n s to U . S . n o n b a n k b o r r .
Open-market paper

25
26
27
28
29
30
31
32

Security credit
Trade credit

33
34

Miscellaneous fgn. assets
35
D i r e c t i n v e s t . i n U . S . ( 3 ) 36
Other
37

(1 ) E x c l u d e s U . S . h o l d i n g s i
of f o r e i g n e q u i t i e s a n d f o r e i g n h o l d i n g s
of U . S . e q u i t i e s .
by N e t h e r l a n d s A n t i l l e a n
( 2 ) C o r p o r a t e b o n d s i n c l u d e net i s s u e s 1
f i n a n c i a l s u b s i d i a r i e s ; U.,S., d i r e c t i n v e s t m e n t a b r o a d e x c l u d e s
isues.
those 1
net i n f l o w s
( 3 ) D i r e c t i n v e s t m e n t i s v a l u e d on a c u r r e n t - c o s t b a s i s .

1 2 5 .6

38

3 9 .3

39
Data

are

in

billions




1 6 8 .9
5 0 .0
of

dollars.

1 7 5 .6

2 0 1 .0

5 4 .7

6 2 .7

2 6 0 .6

2 3 1 .2

3 0 5 .1

3 2 6 .9

91 .7

9 2 .4

1 5 0 .5

1 9 7 .1

Memo!
U.S. corporate equities
held by f o r e i g n e r s
Foreign corporate equities
held by U.S. r e s i d e n t s

38
39

M a r c h 10, 1993
Tangible Asset

Year-End

Tangible

Holdings
B.12

14

Distribution

of

Tangible

Assets

by

Asset

Holdings

Sector
Year-End

Outstandings

Outstandings

1082. 3
455. 2
149. 0
159, 9
3 1 3 ,.1
5..3

499. 2
192. 3
78. 6
88. 4
136. 8
3. 1

595. 9
220. 1
92. 8
103. 8
175. 7
3. 4

711. 4
260. 7
114. 9
120. 6
211. 3
3. 7

777. 8
294. 7
116. 3
130. 7
232. 2
3. 9

810. 8
323. 5
113. 1
134. 1
236. 0
4. 1

927. 4
373. 1
136. 4
145. 9
267. 5
4. 5

1028. 7
419. 1
150. 1
155. 8
298. 7
5. 1

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

115. 4
6. 4
7.,0
14. 8
8 4 .,6
2.,6

141. 8
8. 2
9..0
18..6
1 0 3 .,3
2 ..7

172. 5
10. 0
11. 9
2 3 ..1
124. 6
2. 8

193. 6
10. 9
14. 5
2 5 ..9
1 3 9 ..2
3.,0

205. 2
11. 3
16. 5
2 7 .,0
1 4 7 .,3
3., 1

228. 4
13. 0
19..0
3 0 .,3
1 6 2 .,7
3.,4

253. 5
14.,8
2 1 ..4
3 3 ..4
1 8 0 ..0
3..8

268. 8
7
8
15. 8
9
22. 8
34..4 10
.9 11
191 ,
4..0 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
Nonfinancial corporations
18
Real estate invest, trusts
19

1 3 6 .,0
7 0 .,2
3..3
11..4
5 0 ..1
0,.9

1 6 0 ..3
8 5 ..1
3.,8
13..2
5 7 ..2
1..1

190. 5
104. 5
4..3
15..2
65..2
.3

2 1 0 ..7
1 1 9 ..6
4..5
16..3
6 8 ..9
1..4

2 2 3 .,3
1 3 0 .,0
4..6
16.,8
7 0 .,3
1 .6
.

2 4 9 .,3
1 5 0 ..0
4.,8
17..9
7 4 .,7
1 ,8
.

2 7 3 ..1
1 6 8 ..8
5..0
18..9
78.,5
1.,9

2 8 8 ..2
182..3
5.. 1
19. 1
79. 8
1.,9

13
14
15
16
17
18
19

94..7
35..4
10..4
48,.9

9 8 ..6
3 2 ..3
12,.1
5 4 ..2

1 1 0 ..3
3 6 ..1
13..6
60..6

1 2 3 ..1
38..6
14..3
70..2

120..7
35..4
14..0
71..3

20
21
22
23

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
Nonfinancial corporations
5
Financial institutions
6

20
21
22
23

Inventories (2)
Farm business
Nonfarm noncorp. business
Nonfinancial corporations

24

Consumer

durables

(households)

2 5 L a n d at m a r k e t v a l u e
HouseholdsSnonprofit insts.
26
Farm business
27
Nonfarm noncorp. business
28
Nonfinancial corporations
29
Financial institutions
30

5 1 ,.4
14,.1
7,.2
3 0 .0

71..0
19..6
9..3
4 2 .. 1

8 9 ..2
2 8 ..4
.7
11 .
4 9 .. 1

1
2
3
4
5
6

108,.2

1 2 4 .4

1 3 4 .0 2 4

150
66
46
16
21
0

.3
. 1
.0
.4
.2
.5

169
69
51
18
29
0

.6
.8
. 1
.7
.2
.8

188,.6
7 6 .7
5 2 .4
21 .9
3 6 .6
0 .9

198
83
53
23
37
0

.7
.4
.2
.9
.3
.9

2 0 6 ,.6
91..0
5 1 .4
2 5 .1
38 . 1
1 .0

231
97
63
27
42
1

.2
. 1
.3
.3
.4
. 1

254
106
71
29
46
1

.7
.1
.2
.5
.6
.3

2 7 0 .6
1 1 8 .0
71 .7
31 .7
4 7 .9
1 .3

25
26
27
28
29
30

363
145
60
75
78
2

.1
.8
.5
.7
.7
.5

423
166
68
87
98
2

.8
.4
.7
.5
.4
.8

490
195
73
100
118
3

529
217
76
107
125
3

.4
.7
.0
.4
.2
.1

552
236
75
110
128
3

614
263
88
118
140
3

.2
.8
.9
.0
.0
.5

674
293
98
125
153
3

.3
.4
.7
.4
.0
.8

713
319
100
129
160
3

.0
.8
.0
.2
.2
.9

31
32
33
34
35
36

4 6 .2

5 3 ,.2

6 5 .1

76..3

8 6 .6

Memo:
31 T o t a l r e a l e s t a t e
HouseholdsSnonprofit insts.
32
Farm business
33
Nonfarm noncorp. business
34
Nonfarm nonfin. corporations
35
Private finan. institutions
36
C 1 ) At
( 2 ) At
Data

current cost.
year-end prices.

are

in

billions




of

dollars.

.8
.0
.5
.9
.3
.1

.7
. 1
. 1
.0
.3
.2

M a r c h 10, 1993
Tangible Asset

Holdings

Tangible
B.12

Year-End

Distribution

of

Tangible

Assets

by

Sector

Asset

Outstandings

Year-End

1 5 5 6 ..5
699 . 1
1 8 5 ..5
1 9 9 ..3
4 6 3 ..5
9..1

Holdings

^ ^
Outstandings

1 6 0 8 ,.0 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.
730,.0
Farm business
188,.1
Nonfarm noncorp. business
2 0 3 ,.3
Nonfinancial corporations
4 7 6 ,.8
Financial institutions
9,.7

1
2
3
4
5
6

1 1 3 0 .,7
4 8 6 .,3
147. 2
163. 6
3 2 8 ..0
5. 5

1172. 8
5 1 4 .,4
149. 0
167. 0
3 3 6 .,3
6.,1

1 2 6 1 ..7
5 5 7 ..9
1 5 2 ..7
176,.4
3 6 8 ..0
6..6

1 3 6 8 .,1
6 0 3 ..2
1 6 1 ..1
1 8 5 ..4
4 1 0 ..8
7..6

1 4 3 8 ..4
6 3 4 ,.3
169,.0
1 9 0 ..3
4 3 6 ..6
8,.2

1 4 9 2 ..3
6 6 4 ,.1
180,.5
194,.1
4 4 5 .1
8,.5

7
8
9
10
11
12

2 8 2 ..7
16..5
2 3 ..4
3 5 .5
2 0 3 ,.1
4..3

2 9 5 .,0
17..6
2 3 ..7
3 6 ..7
2 1 2 ..5
4..5

3 2 2 ,.0
19,.6
2 4 ,.8
4 0 ,.6
2 3 1 .7
5 .2

3 5 8 ..1
2 2 ..1
2 5 ..9
4 4 ..9
2 5 9 ..3
6..0

3 8 3 .0
2 3 ..7
2 6 ,.4
4 7 ,.3
2 7 9 .2
6 .4

3 9 5 ,.2
2 5 ,.0
27,.0
4 8 .5
2 8 7 .9
6 .8

4 1 1 ..7
2 6 ..6
2 7 ..7
5 0 ,.5
2 9 9 ,.7
7,.3

4 2 3 ,.5 P l a n t a n d e q u i p m e n t ( 1 )
Nonprofit institutions
2 8 .1
Farm business
28,.2
Nonfarm noncorp. business
5 1 ..6
Nonfinancial corporations
3 0 7 .8
Financial institutions
7 .7

13
14
15
16
17
18

3 0 0 ..7
1 9 4 ..2
5.. 1
19,.2
8 0 ,.2
2,.0

3 1 7 ..9
2 0 9 ..7
5..2
19..3
8 1 ..7
2,.0

3 4 2 .5
231
5 .4
19,.6
8 4 .3
2 .1

3 6 1 ..8
2 4 8 ..4
5..5
19..8
8 5 ..9
2..2

3 7 5 ,.6
2 6 1 ,.5
5,.6
19,.6
8 6 ,.6
2,.3

389
273
5
19
87
2

.0
.4
.8
.4
.8
.6

4 0 8 ..8
2 9 0 ..5
6..0
19,.4
8 9 .9
2..9

4 2 6 .0 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
3 0 5 ..6
Nonprofit institutions
6,.2
Farm business
19..2
Nonfarm noncorp. business
91,.7
Nonfinancial corporations
3..2
Real estate invest. trusts

20
21
22
23

1 2 2 ..0
3 4 ..4
14..5
7 3 ..1

118.6
32.5
14.4
71.7

124. 9
30. 2
15.,3
7 9 .,4

1 3 3 ..9
30. 4
16.,0
87. 5

1 3 7 ..3
3 1 ..5
16..5
8 9 ..3

137,.5
33,.8
16,.9
8 6 ,.8

1 4 1 .,2
3 1 ..6
16.,9
9 2 .,7

145.2
33.0
16.6
95.6

Inventories (2)
Farm business
Nonfarm noncorp. business
Nonfinancial corporations

16
18

19

20

21

24

1 4 3 .,0

147.1

1 5 7 ..3

1 7 1 ..9

1 7 6 ..2

182,.0

1 8 9 .,0

193.7

Consumer

25
26
27
28
29
30

2 8 2 ..3
1 2 7 ..5
70..3
33..4
4 9 ..9
1..3

294.2
134.9
73.5
34.3
50.0
1.6

3 1 4 ..9
1 4 4 ..5
78.. 1
3 6 ..3
5 4 ..7
1..4

3 4 2 ..4
1 5 5 ..3
8 5 ..0
38..6
61..8
1..6

3 6 6 ..3
167,.4
.5
91 ,
39..9
6 5 .8
1..7

3 8 8 .7
178..0
100..3
4 0 ..9
67,.8
.7
1,

4 0 5 ..8
1 8 7 ..0
106,.7
4 2 ,.0
68,.3
1..8

419.6
196.3
107.7
43.4
70.2
2.0

L a n d at m a r k e t v a l u e
Households&nonprofit insts.
Farm business
Nonfarm noncorp. business
Nonfinancial corporations
Financial institutions

25
26
27
28
29
30

31
32
33
34
35
36

7 4 2 ,.6
3 4 1 ,.7
98,.9
131,.6
166,.6
4,.0

777.8
365.5
102.5
134.5
170.8
4.4

8 3 7 .9
3 9 8 .5
1 0 8 .2
141,
1 8 5 .4
4 .8

9 0 3 ,.9
4 2 9 ,.0
116,.1
147,.3
2 0 6 ,. 1
5 .4

9 5 2 ..9
4 5 5 ,.6
122,.7
1 5 0 .6
2 1 8 ..2
5 .8

994
479
131
153
224
6

1 0 3 9 ,.9
5 0 7 ,. 1
138..4
1 5 8 ..0
2 3 0 ..0
6 .5

1076.6
533.2
139.7
161.9
234.8
7.0

Total real estate
Households&nonprofit insts.
Farm business
Nonfarm noncorp. business
Nonfarm nonfin. corporations
Private finan. institutions

31
32
33
34
35
36

.9
.4
.5
.6
.3
. 1

( 1 ) At
(2 ) A t
Data

are

in

billions




of

dollars.

durables

15
17

( h o u s e h o l d s ) 24

current cost.
year-end prices.

M a r c h 10, 1993
Tangible Asset

Tangible

Holdings
B.12

16
Year-End

Distribution

of

Tangible

Assets

by

Year-End

Outstandings

Outstandings

2 5 9 8 ..2
1 1 8 2 ,.0
2 7 2 ..3
3 2 2 ..5
7 9 8 ..1
23..2

2 1 9 8 .,3
991 .
.8
2 4 6 ..7
271. 8
670. 4
17..6

2351. 5
1059. 4
2 5 9 .,2
288. 4
7 2 5 ..1
19..5

5 0 0 ..4
3 8 .8
3 3 .,0
6 1 ..9
3 5 5 ..8
11..0

5 4 2 ..3
42. 8
3 5 ..5
6 7 ..8
3 8 3 ..6
12. 5

5 9 8 ..7
4 7 ..5
3 8 ..7
75..3
4 2 2 ..9
14..2

6 4 9 ,.4
5 0 ..9
4 1 ..6
8 1 ,.0
4 6 0 ..0
15 .9

7 1 9 ..3
7
57..2
8
9
45..2
8 9 ..1 10
5 0 8 .8 11
19..0 12

4 7 4 ..1
3 4 2 ,.4
7..5
18 .8
100..3
5 .1

5 0 5 ..6
3 6 5 ..1
8 .3
19 .2
107.
6 .0

5 3 2 ..5
3 8 5 ..0
9..0
19,.2
1 1 2 ,.3
6,.9

5 7 6 ..9
4 1 7 ,.7
10..0
2 0 .. 1
1 2 1 ..2
7..9

6 0 8 ,.7
4 4 1 ,.8
10..7
2 0 ..6
1 2 7 ..1
8..6

6 8 3 ..9
4 9 6 ,.2
12,.0
22,.2
143..0
10..4
0..1

13
14
15
16
17
18
19

1 5 3 ..4
34..8
15..8
102,.8

158..7
34..9
15 .1
1 0 8 .7

164
33
15
115

178,.4
37,.4
15..8
1 2 5 ..2

195..1
36..3
16..4
1 4 2 .3

2 0 6 ,.0
36,.5
17 .1
152..4

2 2 1 ..3
3 8 .7
17 .6
165..0

20
21
22
23

1 9 6 .8

2 0 2 ,.3

2 1 2 .8

2 2 3 .7

2 3 6 .•1

2 5 8 .5

2 8 3 ,.2

314..2 2 4

4 4 3 ,.7
2 0 8 ,.7
113 . 1
4 6 ..0
7 3 .8
2,. 1

4 6 4 ,.7
2 1 9 ..7
1 1 8 .0
4 8 .0
76..7
2..3

492
234
125
50
79
2

.5
.5
.5
.3
.8
.3

511
239
133
52
84
2

.8
. 1
.3
. 1
.5
.9

5 3 9 ..1
2 4 6 ..3
1 4 4 .0
5 4 .9
9 0 .8
3 .0

5 6 9 .2
2 5 8 .2
151..6
5 8 ..8
9 7 .2
3 .4

6 0 4 .2
2 7 2 .9
160..5
6 3 .2
1 0 4 .0
3..5

659
302
166
72
114
4

.5
.4
.2
.8
.0
.2

25
26
27
28
29
30

1226
616
159
182
258
9

.8
.4
.7
.9
.8
.0

1292
647
168
194
272
10

.3
.2
.7
.0
.2
.3

.0
.1
.4
.2
.9
.3

1731
862
211
268
374
15

.7
.4
.0
.0
.6
.7

31
32
33
34
35
36

1734. 3
794. 5
201. 8
216. 8
509. 9
11. 3

1 8 1 1 ..0
8 3 3 ..0
2 1 0 ..7
2 2 3 ..8
531. 5
12..1

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

435. 7
30. 4
28. 8
5 3 ..1
3 1 5 .,2
8 ..2

453. 4
33. 0
29. 9
55. 4
326. 1
9. 0

4 7 2 .,9
3 5 ..8
3 1 ..4
5 8 ..1
3 3 7 ..9
9..7

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
Nonfinancial corporations
18
Real estate invest, trusts
19

4 4 2 ..4
318. 8
6.,6
19..2
9 4 ..2
3..6

460. 4
332. 3
7..1
19..1
9 7 ..6
4..3

20
21
22
23

Inventories (2)
Farm business
Nonfarm noncorp. business
Nonfinancial corporations

1 4 7 ..1
3 3 ..7
15..6
9 7 ..8

24

Consumer

25
26
27
28
29
30

L a n d at m a r k e t v a l u e
HouseholdsSnonprofit insts.
Farm business
Nonfarm noncorp. business
Nonfinancial corporations
Financial institutions

(households)

Holdings

2 0 2 8 .,3
9 1 9 ..2
236. 2
250. 9
606. 5
15. 5

1665. 7
7 6 1 ..2
194. 9
208. 8
490. 5
10. 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
Farm business
3
Nonfarm noncorp. business
4
Nonfinancial corporations
5
6
Financial institutions

durables

Asset

Sector

1 9 0 5 ..8
8 7 4 ,,9
218. 8
2 3 6 ..2
5 6 2 .. 1
13..8

.2
.3
. 1
.8

1
2
3
4
5
6

Memo:
31
32
33
34
35
36

Total real estate
HouseholdsSnonprofit insts.
Farm business
Nonfarm noncorp. business
Nonfarm nonfin. corporations
Private finan. institutions

( 1 ) At
(2) At
Data

current cost.
year-end prices.

are

in

billions




of

dollars.

1125
561
145
168
242
7

.6
.1
.8
.5
.6
.6

1174
588
151
175
250
8

.9
.6
.5
.9
.5
.4

1369
678
180
206
292
11

.6
.9
.8
.2
.5
.2

1472
728
190
223
316
12

.2
.7
.7
.6
.6
.6

1562
771
201
237
338
13

M a r c h 10, 1 9 9 3
Tangible Asset

Holdings

Tangible
B.12

Year-End

Distribution

of

Tangible

Assets

by

Asset

Sector

Outstandings

Year-End

Holdings

17

Outstandings

1969

1970

1971

1972

1973

1974

1975

1
2
3
4
5
6

2 8 4 1 ,,0
1 2 8 6 .,8
2 8 3 ,.3
3 5 6 ..5
8 8 6 .6
2 7 .9

3 0 4 4 ,.7
1 3 6 8 ..4
2 9 0 ,.3
3 8 5 ,.5
9 6 8 ,.8
31,.7

3 3 2 0 ..9
1 4 8 3 .,4
3 1 3 .,0
4 3 0 ..3
1 0 5 7 ..3
36. 8

3 7 3 6 .,3
1 6 7 3 ..5
3 5 4 ..2
4 9 6 ..9
1 1 6 8 ..6
1
43.

4 3 0 4 ..8
1 8 9 4 ,.3
4 4 1 ,.2
5 7 4 .0
1 3 4 2 ..2
5 3 ..0

4 9 8 3 .4
2 1 5 4 ..0
4 8 7 ,.6
6 5 2 ..7
1 6 2 1 ..5
67..6

5522. 3
2399. 1
545. 4
706. 2
1789. 6
81. 9

6 1 4 8 ,.0 T o t a l h o l d i n g s of t a n g i b l e s
Households&nonprofit insts.
2 6 9 2 ,,5
Farm business
6 2 6 ..9
Nonfarm noncorp. business
7 7 1 ..9
Nonfinancial corporations
1 9 6 1 ..9
94..9
Financial institutions

7
8
9
10
11
12

7 9 6 ..3
6 4 .4
4 9 ..4
9 8 .8
5 6 1 ..9
2 1 ..8

8 7 8 .8
71..5
5 3 ..3
109..2
6 2 0 .. 1
2 4 ..7

9 6 7 .,7
80. 8
5 8 ..0
121.
679.
2 8 ,.8

1 0 7 6 ..4
9 0 ..9
64,.2
134,.6
7 5 3 ..3
3 3 ..4

1 2 2 3 ..1
1 0 2 ..5
72..4
154,.0
8 5 3 .4
4 0 ,.9

1 4 5 9 ..5
1 1 6 ..2
8 7 ..6
1 7 9 ..5
1 0 2 4 ..3
5 1 ,.9

1638.
125.
97.
196.
1157.
62.

1 7 8 4 ,.5 P l a n t a n d e q u i p m e n t ( 1 )
Nonprofit institutions
1 3 4 ..3
Farm business
1 0 7 ..4
Nonfarm noncorp. business
2 0 9 ..3
Nonfinancial corporations
1 2 6 1 ..2
Financial institutions
72..2

7
8
9
10
11
12

13
14
15
16
17
18
19

7 5 2 ..0
5 4 4 .,3
13..2
2 3 ..5
158,.5
12..4
0..2

7 9 5 .0
5 7 4 .4
13..7
2 4 .2
168..6
13..9
0 .3

8 8 6 ,.8
6 4 0 ..4
14..9
2 5 ,.7
1 8 9 .. 1
16..3
0..4

1 0 3 4 ,.0
7 4 5 ..7
17,.5
2 8 .3
2 2 4 ..3
17,.6
0,.7

1 1 8 5 ..2
8 5 6 ..9
2 0 .. 1
3 0 .8
2 5 7 .8
1 8 .8
0..9

1 3 3 4 ..8
9 6 8 ,.9
2 2 ..3
34..2
2 8 8 .4
19 .7
1 .3

1463.4
1066. 9
24. 6
36.8
313. 1
19. 8
2. 2

1 6 3 0 ,.9 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
1 1 9 7 ,.2
Nonprofit institutions
27,.1
Farm business
39,.7
Nonfarm noncorp. business
3 4 3 ..7
Nonfinancial corporations
2 0 ..4
Real estate invest, trusts
2 .7

13
14
15
16
17
18
19

20
21
22
23

242
41
18
182

2 4 9 .3
40,.1
19 .1
1 9 0 .1

2 6 7 ..4
4 5 ..0
2 1 ,.7
2 0 0 ..7

2 9 6 ..6
5 5 .3
2 4 .0
2 1 7 ..3

24

3 4 3 ..7

3 7 2 .4

3 9 3 .7

4 2 4 .7

5 4 4 .2

595. 7

25
26
27
28
29
30

7 0 6 .5
3 2 1 ..2
168,.5
8 0 ..9
1 3 0 .0
5 .9

749
336
172
88
144
6

.2
.4
.8
.6
.7
.8

8 0 5 ..2
3 5 3 ..7
1 8 4 ..4
9 8 .4
161 ,
.2
7..7

9 0 4 ,.5
3 9 4 ..7
2 0 6 ..4
1 1 4 ..0
180..4
9 .0

1060
444
260
135
210
11

.9
.4
.1
.0
.3
.1

1 2 0 9 .7
5 0 2 ..4
2 9 1 ..5
155..3
2 4 6 .2
14 .4

1385. 1
586. 2
335. 9
169. 7
275. 5
17. 7

1 6 0 4 ..6 L a n d at m a r k e t v a l u e
HouseholdsSnonprofit insts.
6 8 1 .2
4 0 7 ..6
Farm business
Nonfarm noncorp. business
190..9
Nonfinancial corporations
3 0 5 ..0
Financial institutions
2 0 ..0

25
26
27
28
29
30

2026
989
224
322
467
21

.2
.8
.5
.8
.3
.7

2 5 5 6 .0
1 2 4 2 .0
2 6 8 .7
4 2 3 .3
5 9 3 ..0
2 9 .0

2955
1416
329
491
684
33

.6
.4
.2
.5
.6
.9

3367
1600
369
556
799
40

3754. 3
1793. 6
4 2 1 .0
605. 5
886. 0
48. 2

4 2 1 3 .1 T o t a l r e a l e s t a t e
2 0 2 9 ..4
Households&nonprofit insts.
4 9 9 .8
Farm business
Nonfarm noncorp. business
664 ,
.6
9 6 5 .9
Nonfarm nonfin. corporations
5 3 .5
Private finan. institutions

31
32
33
34
35
36

31
32
33
34
35
36

1892
937
217
298
421
19

.5
.9
.3
.3

.9
.3
.4
.0
.2

2233
1083
240
362
522
24

.5
.2
.9
.1
.4
.9

365
78
27
259

.1
.0
.3
.8

4 7 0 .5

435
74
29
331

.2
.3
.6
.3

.4
.9
.5
.7
.7
.7

1976

0
7
1
1
1
1

440. 0
75. 5
2 7 .,3
3 3 7 .,2

4 7 5 ..3
72..2
2 7 .9
3 7 5 .2

Inventories (2)
Farm business
Nonfarm noncorp. business
Nonfinancial corporations

6 5 2 .8 C o n s u m e r

(1) At
( 2 ) At
Data

are

in

billions




of

dollars.

durables

1
2
3
4
5
6

20
21
22
23

(households) 24

current cost.
year-end prices.

M a r c h 10, 1 9 9 3
Tangible Asset

Tangible

Holdings
B.12

18
Year-End

Distribution

of

Tangible

Assets

by

Year-End

Outstandings

1977

1978

1979

6 9 4 7 ..4
3 0 9 8 ..0
6 9 3 ..4
8 6 9 ..0
2 1 8 2 ..3
104..6

8 0 3 7 ..4
3 6 1 2 .,3
8 1 7 ..4
1 0 0 6 ..5
2 4 8 5 ..4
115,.7

9 3 5 7 .,6
4 1 9 1 ..0
945. 5
1 1 9 9 .,4
2 8 6 3 ..9
1 3 7 ..8

1 0 6 1 6 ..9
4719. 4
1043. 4
1 4 1 1 ..1
3 2 7 8 ,.7
1 6 4 ..2

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

1 9 8 1 ..4
1 4 7 ..2
1 2 0 ..6
2 3 2 .5
1 4 0 1 .5
79..7

2 2 5 0 ..8
167,.1
136,.6
2 6 7 ,.3
1 5 9 0 ,.6
8 9 ,.2

2 5 8 5 ,.6
1 9 0 ..9
156,.9
3 1 0 ..5
1 8 1 9 ..8
1 0 7 ..5

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
Nonfinancial corporations
18
Real estate invest, trusts
19

1 8 9 1 .2
1 3 9 8 ,.4
31..0
4 4 .5
3 9 2 ..3
.3
2 .7

2 2 1 1 ,.2
1 6 4 4 ,.3
3 5 .7
5 0 ,,0
4 5 3 ..8
2 6 ..1
.3
1.

2 5 4 7 .. 1
1 8 7 2 ..8
41 ,
.2
5 5 ..0
5 4 7 ..8
2 8 .9
.3
1.

5 2 1 ..6
7 5 .2
2 9 .5
4 1 6 ..9

6 0 5 ..3
92..1
32..6
4 8 0 ..6

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

20
21
22
23

Inventories (2)
Farm business
Nonfarm noncorp. business
Nonfinancial corporations

24

Consumer

durables

Asset

(households)

2 5 L a n d at m a r k e t v a l u e
HouseholdsSnonprofit insts.
26
Farm business
27
Nonfarm noncorp. business
28
Nonfinancial corporations
29
Financial institutions
30

7 2 5 .5
.7
.9
.2
.8
.6
.2

2154
950
538
252
388
25

4798
2361
556
751
1070
58

.1
.3
.5
.0
.9
.4

5590
2783
656
871
1218
61

Outstandings

1981

1982

1983

11617. 5
5115. 9
1 0 4 7 ., 1
1 5 8 7 ..9
3674. 5
1 9 2 ..1

1 2 1 7 6 ., 1
5 3 7 8 .,7
1 0 1 5 ..6
1 7 0 3 ..3
3 8 6 0 ..4
2 1 8 .2

1 2 7 5 0 .,0
5693. 8
1 0 2 2 ..6
1 8 1 2 ..3
3 9 7 9 ..7
2 4 1 ..6

2 9 7 4 ..2
2 1 5 ..6
1 7 4 ..5
3 5 9 ..7
2 0 9 5 ,.2
1 2 9 ,.2

3 3 6 3 ..3
2 3 7 ..8
1 8 6 ..9
4 1 5 ..3
2 3 7 0 ..4
1 5 2 ..9

3 5 8 9 ..0
2 5 6 ..0
1 8 8 .4
4 4 4 .9
2 5 2 6 ,.9
1 7 2 .8

3 7 0 7 ..1
2 7 3 ..4
1 8 7 .3
4 5 9 .6
2 5 9 5 .7
191 .1

3899
290
184
490
2717
216

2 8 4 0 ..0
2 0 6 2 ..1
4 6 .,5
6 0 ..3
6 3 8 ..4
3 1 ..5
1..2

3 0 4 9 ..6
2 1 9 3 ..3
5 0 ..0
63..4
7 0 8 ..7
3 3 ..0
1,.2

3 1 4 8 .3
2 2 6 5 ..7
.6
51 ,
64..3
7 3 1 ..8
3 3 .7
.2
1.

3 2 7 9 ..9
2 3 6 8 ..3
5 3 ..3
64.,5
7 5 8 .,1
34. 5
1..1

3 4 4 8 .6 13
2 4 9 6 ,.8 14
55,.5 15
65..0 16
794..6 17
35..5 18
.3 19
1.

7 8 4 .2
1 0 4 ..9
3 5 .3
6 4 4 ..0

8 3 6 ..1
101.4
34,.8
6 9 9 ,.9

8 1 7 ..1
1 0 3 ..6
34,. 1
6 7 9 ,.4

8 2 7 .,6
1 0 3 ..2
3 4 .,4
6 9 0 ..0

1984

1 3 5 6 4 ..2
6 1 8 1 ..3
9 2 0 ..6
1 9 7 3 .6
4 2 1 5 .7
2 7 3 .0
.4
.9
.0
.2
.7
.6

8 9 8 .,8
100..9
37.,4
7 6 0 ..5

1
2
3
4
5
6
7
8
9
10
11
12

20
21
22
23

9 2 4 .4

1 0 1 4 ..3

1 0 8 6 .2

1 1 3 3 .7

1 1 9 3 ..8

1 2 8 1 .,5 2 4

.7
.7
.2
.2

2577
1161
635
305
446
29

.9
.6
.7
.6
.0
.0

3 0 0 4 .1
1 3 8 0 ,.8
7 0 3 ,.8
3 7 7 .7
5 0 8 .0
3 3 .8

3282
1548
695
429
571
38

.3
.7
.4
. 1
.2
.0

3488
1671
659
492
620
44

.0
.7
.3
.5
.4
.1

3 7 4 1 .6
1 8 0 5 .0
6 6 7 .6
5 6 0 ,.2
6 5 9 .4
49,.4

4035
2056
570
651
701
55

.6
.5
.0
.0
.7
.6

6530
3249
767
1041
1400
71

.7
.8
.8
.0
.6
.5

7456
3684
850
1234
1604
83

8153
4005
851
1390
1809
96

.5
.2
.7
.5
.7
.5

8585
4217
819
1495
1942
112

.8
.2
. 1
.3
.1
.0

9038
4469
829
1595
2019
124

9 6 1 5 .6
4 8 6 6 .3
7 3 5 .0
1740.5
2 1 3 3 .4
1 4 0 .4

8 1 5 .2

1827
795
453
214
341
22

7 0 2 ,.6
97..9
3 5 .5
5 6 9 ..2

1980

Holdings

Sector

.9

.9
.7
.8
.5
.9
. 1

25
26
27
28
29
30

Memo:
51
32
33
34
35
36

Total real estate
HouseholdsSnonprof1t insts.
Farm business
Nonfarm noncorp. business
Nonfarm nonfin. corporations
Private finan. institutions

( 1 ) At
( 2 ) At
Data

current cost.
year-end prices.

are

in

billions




of

dollars.

.8
.4
.1
.3
.5
.5

.6
.5
.3
.6
.2
.9

31
32
33
34
35
36

M a r c h 10, 1993
Tangible Asset

Holdings

Tangible
B.12

Year-End

Distribution

of

Tangible

Assets

by

Year-End

1986

1987

1988

1989

1990

1991

Holdings

19

Outstandings

1985

Asset

Sector

Outstandings

1992

1
2
3
4
5
6

14334
6625
830
2170
4399
308

.9
.8
.6
.5
.3
.7

15128
7121
774
2329
4547
355

.4
.8
.9
.0
.3
.5

16120
7677
816
2472
4751
402

.3
.7
.8
.0
.4
.5

17087
8126
840
2605
5056
458

.6
.4
.9
.7
.6
.0

18215
8731
864
2776
5335
507

.4
.9
.6
.0
.0
.8

18206
8747
870
2724
5333
530

.0
.4
.8
.0
.8
.0

18340
9255
858
2625
5052
549

.5
.0
.8
.0
.7
.0

18307
9515
858
2505
4858
569

7
8
9
10
11
12

4112
308
178
528
2853
244

.7
.1
.5
.3
.6
.1

4322
327
174
565
2975
279

.2
.8
.2
.5
.4
.3

4515
349
170
600
3080
313

.9
.9
.7
.8
.6
.9

4810
376
167
649
3260
356

.3
.9
.9
.2
.2
.1

5084
403
169
692
3419
399

.2
.6
.1
.2
.9
.4

5334
426
168
724
3577
437

.2
.6
.3
.1
.8
.4

5438
443
163
729
3643
458

.2
.1
.8
.6
.0
.6

5538
466
158
731
3695
486

13
14
15
16
17
18
19

3 6 3 9 .1
2 6 3 4 .1
5 8 .4
6 5 .5
8 4 2 ,.6
36 .8
1 .7
.

.4
.9
.5
.9
.3
.1
.6

5 1 8 8 .2 R e s i d e n t i a l s t r u c t u r e s C I )
3 8 9 8 .0
Households:
owner-occupants
76 .2
Nonprofit institutions
75 .0
Farm business
1091,.6
Nonfarm noncorp. business
41,.7
Nonfinancial corporations
5,.7
Real estate invest, trusts

13
14
15
16
17
18
19

20
21
22
23

9 0 4 ..3
96..6
39.,6
7 6 8 .,1

1100..5
94.,4
5 0 ..3
9 5 5 ..8

20
21
22
23

3902 . 1
2 8 4 0 .6
61 .9
6 6 .8
8 9 2 ,.3
3 8 .4
2 .0

4 2 1 3 .2
3 0 8 1 .8
6 6 .3
6 9 .3
953,.0
40,.3
2,.6

4 5 6 6 .1
3 3 7 0 .3
7 0 .2
70 .2
1 0 1 0 .7
41,.7
3, 1

4 7 9 5 .9
3 5 6 0 .1
72,.9
72..4
1044,.5
42..0
4 .0

4973
3710
74
73
1067
42
4

9 5 0 ..6
90..9
4 2 ..0
817. 7

8 8 7 ,.8
90..5
38..4
7 5 8 ..9

4 2 9 8 .0
3 1 5 6 .5
6 6 .9
68
9 6 3 .5
39..9
3,.0
1 0 2 3 ..8
95..4
4 5 ..3
8 8 3 ..1

1081 ,
.1
96..3
4 8 ..8
9 3 6 ..0

1 1 0 5 ..6
94..6
49. 4
961. 6

1 0 8 2 .1
90..5
49..6
9 4 2 ..0

.4 T o t a l h o l d i n g s of t a n g i b l e s
.1
Households&nonprofit insts.
Farm business
.1
.9
Nonfarm noncorp. business
.9
Nonfinancial corporations
.4
Financial institutions
.6 P l a n t a n d e q u i p m e n t ( 1 )
.5
Nonprofit Institutions
.5
Farm business
.0
Nonfarm noncorp. business
.7
NonfInancial corporations
.9
Financial institutions

Inventories (2)
Farm business
Nonfarm noncorp. business
Nonfinancial corporations

24

1391 .
,1

1527. 5

1659. 5

1808. 4

1929. 6

2030. 7

2 1 2 2 ..7

2 1 9 1 ..0 C o n s u m e r

25
26
27
28
29
30

4287. 8
2 2 3 4 .,0
4 9 0 ., 1
759. 9
740. 8
62. 9

4488. 7
2364.
443. 4
832. 7
774. 5
74. 1

4781.
2520.
485.
876.
812.
86.

1
2
9
3
7
0

5 1 4 7 .,1
2717. 6
509. 4
947. 8
873. 3
98. 9

5554. 3
2958. 2
529. 0
1024. 4
937. 4
105. 4

4939. 7
2657. 2
535. 5
906. 0
752. 4
88. 6

4 7 2 4 ..2
2903. 8
530. 5
778. 5
425. 5
85. 8

4 2 8 9 . 0 L a n d at m a r k e t v a l u e
2883. 3
Households&nonprofit insts.
530. 3
Farm business
633. 0
Nonfarm noncorp. business
165. 7
Nonfinancial corporations
76. 8
Financial institutions

11453.8
5971. 0
658. 6
2188. 9
2423.8
211. 5

12077. 9
6264. 2
682. 2
2300.5
2592. 5
238. 5

12902. 3
6741 .1
703. 9
2450. 0
2746. 3
261. 0

12626. 0
6647. 6
711. 4
2383. 9
2622. 2
260.8

12647. 8
7057. 4
705. 6
2283. 3
2332. 2
269. 2

durables

1
2
3
4
5
6
7
8
9
10
11
12

(households) 24
25
26
27
28
29
30

Memo:
31
32
33
34
35
36

10184.8
5197. 7
657. 0
1920. 8
2248. 4
161. 0

10741. 4
5552. 7
613. 0
2062. 7
2327. 6
185. 4

12492. 3 Total real estate
7242. 2
Households&nonprofit insts.
705.
Farm business
2165. 5
Nonfarm noncorp. business
2103. 8
Nonfarm nonfin. corporations
275. 7
Private finan. institutions
(1) At
(2) At

Data

are

in

billions




of

dollars.

current cost.
year-end prices.

31
32
33
34
35
36

M a r c h 10.
Household

Year-End

1993
Sector

Household

20

B.100

Balance

Sheet

of

the

Household

Sector

Outstandings

Year-End
1945

1 Total
2

assets

Tangible

3
4
5
6
7
8

12

Total

financial

assets

31

Equity

32
33

Security credit
Miscellaneous assets

noncorp.

bus.

1

455.2

2

126.2

150.3
88.9
85.1
3.8

184.0
108.8
104.5
4.3

53.2

65.1

211.2
124.1
119.6
4.5
10.9
76.3

232.4
134.6
130.0
4.6
11.3
86.6

276.0
154.9
150.0
4.8
13.0
108.2

313.0
173.8
168.8
5.0
14.8
124.4

337.2
187.4
182.3
5.1
15.8
134.0

3
4
5
6
7
8

69.8
64.5
5.2

76.7
70.9
5.8

83.4
77.4

91.0
84.7
6.4

97.1
89.7
7.4

106.1
98.0
8.0

118.0
109.3
8.7

9
10
11

650.8

719.8

780.4

821.8

12

204.9
57.9
56.4

209.4
57.8
59.9

211.6

213.4
53.5
64.6

219.9
56.0
67.1

229.7
60.1
71.9

247.8
62.1
79.6
0.4

13
14
15
16
17

73.5
70.2
3.3
6.4
46.2

Bank loans n.e.c.
Other loans

43
44

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

194.3
53.0
50.1

0.2
91.1
66.4
42.9
23.6

-.1

3.9

55.4

62.1

90.3
65.0
44.2

21.0
3.8
7.8
13.7

0.3

0.3

0.3

0.3

91.6
64.9
46.2
18.9
—. 3

93.8
65.7
47.8

94.9
67.1
49.3
18.0
-.2

96.5
66.2
49.6
17.0
-.4

97.4
65.3
49.1
16.5
-.2

1 0 5 . 7 18
6 7 . 5 19
49.2 20
18.4 21
*
22

4.5
7.1
15.0

4.6
7.1

5.5
6.8
17.5
0.5

5.7
7.0
18.4
0.9

11.0 23
7.0 24
19.1 2 5
1.2 26

18.1

0.3

1.3

102.1

1.4
99.8

1.5
98.6

3.1
106.4

3.3
130.3

3.5
152.8

3.9
166.5

27
28

43.4
13.5

46.5
15.8

49.4

52.1
21.1

55.0
24.3

57.8
27.8

60.7
32.6

29
30

245.7

277.3

298.7

299.6

31

0.7
7.1

0.7
7.6

0.7

0.7
8.4

1.0
8.7

0.9
9.3

0.7
10.0

32
33

74.4

84.8

95.1

34

28.5

35.6
21.9

44.1

52.5
31.2

60.4
35.3
1.5

71.0
41.7
2.0

81.3
48.0
2.5

9.5

12.2
8.6

15.5
8.5

16.2
11.0

91.4 35
5 4 . 2 36
3.0 37
38
2 0 . 5 39
10.1 40

0.2

16.2

18.2

8.0

18.0
0.5

0.6

26.6
0.8

2.6

4.4
6.3

7.1
7.4

5.0

2.0

2.1

2.2

0.3

0.4
2.4

0.7
2.6

0.8
2.8

0.8
2.9

0.6
0.7

0.6
0.8

0.6
0.9

0.9
0.9

1.5
1.0

1.4
1.0

1.5 43
1.1 4 4

0.6

49

Total

real

billions




of

41
42

0.5

0.7

0.8

0.8

0.9

1.0

1.1

1.2 45

756.1

832.4

699.9

nonprofit

0.2

8.2

1.2
life

Total o w n e r - o c c . real estate
H o m e m o r t g a g e s as p e r c e n t of
o w n e r - o c c . real estate

in

0.3

1.1

2.1

worth

are

6.0

0.2

0.1

0.3

48

Data

10.0

3.7
6.8
16.9
0.4

8.6
12.2

C I ) 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
(2) Includes vacant land.
(3) Noncorporate farms, nonfarm noncorporate
b u s i n e s s , and u n i n c o r p o r a t e d s e c u r i t y
b r o k e r s and d e a l e r s .

47

8.2

(3)

Credit market instruments
Home mortgages
Other mortgages
T a x - e x e m p t debt
Installment cons, credit
Other consumer credit

Net

1277.0

419.1

liabilities

41
42

46

1199.5

373.1

63.1

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

45

1092.9

323.5

0.7
6.3

29
30

35
36
37
38
39
40

974.2

294.7

39.6
12.3

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

Total

928.6

260.7

1.3
110.3

27
28

34

878.7

538.5

Tax-exempt securities
Corporate 8 fgn. bonds
Mortgages
Open-market paper

in

1952

793.6

62.4
3.8

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

23
24
25
26

1951

220.1

66.1

D e p o s i t s 8 cr. mkt. instr.
Checkable deposits 8 curr.
Small time 8 savings dep.
M o n e y market fund shares
Large time deposits

18
19
20
21
22

1950

192.3

Land
O w n e r - o c c u p i e d (2)
Nonprofit institutions

13
14
15
16
17

1949

Outstandings

730.8

assets

Reproducible assets
Residential structures
Owner-occupied housing
Nonprofit institutions
Nonprofit plant 8 equip.
Consumer durables

9
10
11

Sector

(1)

estate
dollars,

873.9

organizations.

132.5

149.6

175.5

197.1

214.7

239.7

266.8

291.6

13.5%

14.6%

15.1%

15.8%

16.4%

17.4%

17.9%

18.5% 48

13.2

16.8

19.5

20.6

21.4

24.1

26.6

28.2

47

49

M a r c h 10,
Household

1993
Sector

Household
B.100

Year-End

Balance

Sheet

of

the

Household

Sector

(1)

Outstandings

Year-End

.
1

1898.

2003. 7

Sector

^ ^

2062. 8

Total

Outstandings

assets

1

1 3 2 4 ..6

1 4 4 7 ..1

1579. 8

1 6 8 7 ,.5

1 7 1 8 .,1

2

4 8 6 ..3

5 1 4 ..4

557. 9

6 0 3 ,.2

6 3 4 .,3

6 6 4 ..1

699. 1

7 3 0 .,0 T a n g i b l e

3
4
5
6
7
8

3 5 8 ,.8
1 9 9 ..3
1 9 4 .2
5 .1
16,.5
143,.0

3 7 9 ..6
2 1 4 ..9
2 0 9 ,.7
5..2
17..6
147,. 1

413. 4
236. 5
2 3 1 ..1
5.,4
19..6
1 5 7 ..3

4 4 7 ..9
2 5 3 ,.9
2 4 8 ,.4
5 .5
22,.1
171,.9

4 6 6 ..9
2 6 7 ..1
2 6 1 ..5
5..6
2 3 ..7
1 7 6 ..2

4 8 6 ,.2
2 7 9 ,.2
2 7 3 ,.4
5..8
2 5 ,.0
1 8 2 ..0

5 1 2 ..2
296. 6
290. 5
6.,0
2 6 .,6
1 8 9 .,0

5 3 3 ..7
311 ,
.9
3 0 5 ,.6
6..2
2 8 ..1
193,.7

Reproducible assets
Residential structures
Owner-occupied housing
Nonprofit institutions
Nonprofit plant 8 equip.
Consumer durables

9
10
11

127,.5
118,.4
9 .1

134,.9
1 2 5 .7
9 .2

1 4 4 ..5
1 3 3 ..8
10..7

155..3
143..5
11..8

167,.4
1 5 4 ..8
12..6

1 7 8 .0
165,.4
12,.6

1 8 7 .,0
1 7 3 ..8
13.,1

1 9 6 ..3
1 8 2 ..6
13,.8

Land
Owner-occupied (2)
Nonprofit institutions

12

8 3 8 ..3

9 3 2 ,.7

1 0 2 2 ..0

1 0 8 4 .3

1 0 8 3 ..7

1 2 3 4 .0

1 3 0 4 ..6

13
14
15
16
17

2 6 2 ,.3
63,.2
8 7 .9

2 7 3 ,.4
6 5 .0
97,.2

291 ,
.6
65,.9
105,.9

3 0 9 .9
6 7 .6
1 1 5 .5

3 2 7 ..5
66,.5
1 2 7 ..5

3 4 4 .9
6 8 .6
1 4 1 .6

3 6 9 ..9
7 1 ..5
1 5 3 ..1

18
19
20
21
22

110
68
49
18
0

0.3
,

0.4
,
.8
.3
.4
.8
.2

0.2
,

.0
.4
.0
.3
.1

119,.6
69,.6
50,.2
1 8 .8
.6

111
66
50
16

0

0
,

*
126
71
50
20
1

.9
.4
. 1
.3
.0

1 3 3 2 ..8 T o t a l
3 9 0 ..4
73..2
164..8

.3

-<.4

133..7
7 3 .2
4 8 .2
2 3 .5
1 .5

135
69
47
21
0

.0
.7
.7
.2
.8

1 4 5 ..7
74,.2
4 5 .9
2 6 ..0
2..3

24
10
28
2

.6
.1
.6
.0

2 8 ..4
10..7
3 0 .7
.8

1
.

15..8
3 8 6 ..2

17 .0
378.4

*
152
73
45
27
1

13 .9
7 .0
2 0 .1
1 .5

16 .0
6 .2
2 1 .2
.2

19 .2
6 .9
2 2 .5
.5

2 1 .9
8 .0
2 4 .1
.6

2 3 .9
8 .8
2 6 .0
.8

27
28

4 .1
1 5 8 .3

6 .1
2 2 8 .9

7 .8
2 7 8 .5

9 .0
2 9 6 .0

8 .7
2 5 8 .7

29
30

6 3 .6
3 7 .5

6 6 .3
4 2 .7

6 9 .3
5 0 .5

7 2 .7
5 6 .6

7 5 .5
6 2 .7

7 8 .5
7 2 .7

8 2 .0
8 2 .4

8 5 .2
9 0 .8

31

3 0 1 .2

3 0 3 .3

3 1 2 .0

3 2 7 .4

3 3 7 .7

3 5 1 .1

3 5 4 ..5

3 5 6 .5

0.7

.0
1

0 .9
11 .7

0 .9
12 .0

1 .2
12 .3

1 .0
12 .8

1

1

1

1

13 .2
360 . 1

assets

12

Tax-exempt securities
Corporate 8 fgn. bonds
Mortgages
Open-market paper

29
30

Equity

in

noncorp.

34

1 0 7 .9

1 1 9 .7

1 4 0 .0

1 5 5 .9

1 6 8 .0

1 8 0 .4

2 0 3 .2

2 2 0 .0 T o t a l

35
36
37
38
39
40

1 0 3 .6
61 .4
3 .4

1 1 4 .5
70 . 1
4 .0

1 3 4 .1
8 2 .1
4 .6

1 4 9 .6
9 2 .8
5 .3

161 .7
101 .3
6 .0

1 7 2 .9
1 1 0 .5
6 .8

1 9 5 .1
123 . 1
7 .6

2 1 1 .7
1 3 3 .9
8 .4

2 4 .3
10 .4

2 4 .9
11 . 1

3 0 .3
12 .7

3 3 .2
13 .4

3 5 .4
13 .8

3 5 .3
14 .2

4 1 .1
16 . 1

45 .
16 .2

.0
3 .4

0 .8
3 .6

.0
3 .9

0 .8
4 .4

.3
4 .8

.8
5 .4

.9
6 .3

2 .6
.3

1
.3
1

3 .0
.4

1

3 .1
1 .5

2 .7
1 .7

3 .7
.8

3 .7
2 .2

3 .6
2 .3

1.5

1
.7

.8
1

1

2 .0

2 .2

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

1 3 2 7 .4

1 4 3 9 .8

1 5 3 1 .7

1 5 5 0 .1

1 7 1 7 .8

1 8 0 0 .5

bus.

(3)

Bank loans n.e.c.
Other loans

0.9
•
1
.8
1
1
.2
.3
1

41
42

1

3

43
44
45

46

1 2 1 6 .7

1

1

1

Security credit
Miscellaneous assets

34

liabilities

1 8 4 2 .9 N e t

35
36
37
38
39
40
41
42
43
44

life
45

46

worth

(1) 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
(2) Includes
land
(3) N o n c o r p o r a t e farms, nonfarm n o n c o r p o r a t e
:
b u s i n e s s , and u n i n c o r p o r a t e d securi ty
and d e a l e r s .

31
32
33

Credit market instruments
Home mortgages
Other mortgages
T a x - e x e m p t debt
Installment cons, credit
Other consumer credit

1

2 .4

23
24
25
26

Life insurance reserves
Pension fund reserves

10 .9

1

18
19
20
21
22

27
28

10 .6

1. 1
13 .3

13
14
15
16
17

Mutual fund shares
Corporate equities

0 .9
11 .4

32
33

3
4
5
6
7
8
9
10
11

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

.5
.7
.6
.0
.0
,

23
24
25
26

financial

2

Deposits 8 cr. mkt. Instr.
Checkable deposits 8 curr.
Small time 8 savings dep.
M o n e y market fund shares
Large time deposits

31 .0
11..6
3 3 .4
2 .8

.1

1

assets

organizations.

Memo
47

3 1 2 .6

3 3 5 .4

3 6 4 .8

3 9 1 .9

4 1 6 .3

48

19.6%

2 0 . 9%

22.5%

23.i6 %

24.3%

49

2 9 .0

3 0 .1

3 3 .7

3 7 •1

3 9 .3

Data

are

in

billions




of

i ollars
d

4 6 4 .4
4 8 8 .2 T o t a l o w n e r - o c c .
4 3 8 .8
m o r t g a g e s a s p e r c e n t of
2 5 . 1%
26.5%
owner-occ. real
27.4%
4 0 .6

4 2 .7

4 5 .0 T o t a l

nonprofit

real

estate

estate
real

estate

47
48
49

M a r c h 10.
Household

1993
Sector

Household
8.100

22

Year-End

Balance

Sheet

of

the

Household

Sector

Sector

(1)

Outstandings

Year-End

Outstandings

1961

1 Total
2

1963

1961

1965

1966

1967

1968

2245. 3

assets

1962

2262. 3

2 4 3 7 .>8

2 6 0 3 ..0

2802. 6

2895. 8

3209. 8

3587. 6

1

7 6 1 .,2

794. 5

8 3 3 ..0

874. 9

919. 2

9 9 1 ..8

1059. 4

1182. 0

2

Reproducible assets
Residential structures
Owner-occupied housing
Nonprofit Institutions
Nonprofit plant 8 equip.
Consumer durables

552. 6
325. 4
318. 8
6. 6
30. 4
196. 8

574. 7
339. 4
332. 3
7. 1
33. 0
2 0 2 .,3

598. 5
3 4 9 .,9
342. 4
7. 5
35. 8
2 1 2 ..8

635. 9
373. 4
365. 1
8 .,3
38. 8
2 2 3 ..7

672. 9
394. 0
385. 0
9. 0
42. 8
2 3 6 .,1

7 3 3 ..7
4 2 7 ..7
4 1 7 ..7
10..0
47. 5
2 5 8 ..5

786. 5
4 5 2 .-4
4 4 1 .,8
10,.7
5 0 ..9
2 8 3 ,.2

879. 7
5 0 8 .,3
4 9 6 .,2
12..0
5 7 ..2
314,.2

3
4
5
6
7
8

Land
O w n e r - o c c u p i e d (2)
Nonprofit institutions

2 0 8 ..7
1 9 3 ..7
15..0

2 1 9 ..7
2 0 3 ..7
16..0

2 3 4 ,.5
2 1 6 ..8
17,.7

2 3 9 .. 1
2 1 9 .,6
19..5

2 4 6 .,3
2 2 4 .,6
2 1 .,8

2 5 8 ..2
2 3 4 ,.2
2 4 ,.0

2 7 2 .9
2 4 6 .4
2 6 .5

3 0 2 .4
2 7 2 .5
2 9 .9

9
10
11

Tangible

3
4
5
6
7
8
9
10
11

assets

1 4 8 4 ..1

1 4 6 7 ..9

1 6 0 4 ,.8

1 7 2 8 ..1

1883. 4

1 9 0 4 ,.0

2 1 5 0 ,.4

2 4 0 5 ,.6

12

13
14
15
16
17

Deposits 8 cr. mkt. instr.
Checkable deposits 8 curr
Small time 8 savings dep.
M o n e y m a r k e t fund s h a r e s
Large time deposits

4 1 0 ..9
7 1 ..8
1 8 2 ..9

4 3 9 ..1
71..3
2 0 8 .,7

4 7 1 ,.8
75..8
2 3 4 ,.2

510.
8 2 ..0
2 5 9 ..8

549. 8
88. 6
2 8 7 .,0

5 9 1 ..2
91,.0
3 0 5 ..2

6 4 2 ,.7
101,.2
3 3 9 ,.7

6 9 4 ..4
110..5
3 6 6 .,3

0..2

0..6

2..0

2 ..6

3..6

4..3

8. 6

13
14
15
16
17

18
19
20
21
22

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

1 5 6 ..0
73..0
4 6 ..4
2 5 ..9
0..6

1 5 8 ..6
74,.4
4 7 ..0
2 7 ..2
0..2

160,.5
73,.4
4 8 ,.1
2 5 ,.3
- •.1

1 6 6 ..4
74,.4
4 9 ..1
2 5 ..1
0..2

1 7 1 ..5
7 6 .,4
4 9 ..7
2 5 ..6
l .1

1 9 1 ..4
8 5 ..4
5 0 ..2
2 9 ..3
5..9

197,.5
8 5 .7
5 1 .2
2 8 .2
6 .3

2 0 9 ..0
8 8 ..4
5 1 ..9
30,.4
6 .1

18
19
20
21
22

32..5
11,.4
3 6 .7
2 .5

32,.1
10,.2
3 8 .8
3,.2

3 2 .1
10 .2
40,.3
4 .5

34..9
9,.9
4 1 .7
5,.5

3 6 ..5
9..9
4 2 ,.2
6,.5

4 1 .2
12,.0
4 4 .2
8 .6

36.5
2 2 .9
4 8 .4
12 .8

23
24
25
26

12

Total

financial

assets

Tax-exempt securities
Corporate 8 fgn. bonds
Mortgages
Open-market paper

23
24
25
26

.
1, 3

-

38
16
46
10

.2
.9
.0
.6

27
28

M u t u a l fund shares
Corporate equities

2 2 ,.9
4 7 7 .9

2 0 .9
4 1 6 .2

2 4 .8
4 8 8 .7

2 8 .4
5 3 5 ,.7

34,.4
6 0 0 ,.5

3 3 .9
5 4 0 .9

4 3 .0
6 7 6 .3

4 9 .5 2 7
8 0 6 .9 2 8

29
30

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

8 8 .6
1 0 3 .7

9 2 .4
109,.6

9 6 .6
1 2 3 .2

101,
139,

105,.9
1 5 5 ..5

1 1 0 .6
1 6 5 .1

1 1 5 .5
1 8 7 .3

1 2 0 .3 2 9
2 0 9 .1 30

31

Equity

3 6 5 .0

374,.1

3 8 3 .6

3 9 6 ,.1

4 1 7 ,.9

4 4 1 .4

4 6 0 .7

4 9 6 .6 31

32
33

Security credit
Miscellaneous assets

1 .2
13 .8

.2
1,
14 .3

1 .2
14 .8

1 .7
15 .7

2..5
17 .0

2 .7
1 8 .2

4 .9
19 .8

7 .0
2 1 .6

32
33
34

34

Total

in

noncorp.

bus.

(3)

2 3 7 .2

41
42
43
44

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

45

46

Net

2 8 6 .2

3 1 4 .3

3 4 4 .2

3 6 6 .6

3 9 1 .3

4 2 5 .1

2 4 8 .5
1 5 9 .0
10 .3

2 7 4 .4
1 7 4 .6
11 .3

3 0 2 .5
1 9 0 .8
1 2 .3

3 3 1 .4
2 0 7 .0
13 .4

3 5 3 .1
2 1 9 .5
14 .6

3 7 3 .9
2 3 1 .9
15 .6

4 6 .0
17 .4

5 1 .0
18 .4

5 7 .8
2 0 .0

6 5 .6
2 1 .8

7 3 .9
2 3 .6

7 9 .3
2 4 .1

8 3 .1
2 5 .4

4 0 4 .2 3 5
2 4 7 .0 36
16 .7 37
38
91 .7 39
2 7 .6 4 0

2 .1
7 .7

2 .3
8 .4

2 .9
9 .2

3 .6
10 .0

3 .7
11 .9

4 .5
13 .3

5 .9 4 1
15 .3 4 2

4 .6
2 .5

4 .5
2 .6

6 .0
2 .9

5 .5
3 .2

5 .9
3 .6

5 .8
4 .0

8 .9
4 .6

11 .5 4 3
5 .2 4 4

2 .5

Bank loans n.e.c.
Other loans

2 5 8 .2

2 2 7 .6
1 4 5 .6
9 .3

2 .2
7 .0

liabilities

Credit market instruments
Home mortgages
Other mortgages
T a x - e x e m p t debt
Installment cons, credit
Other consumer credit

35
36
37
38
39
40

2 .7

2 .9

3 .0

3 .3

3 .7

3 .9

4 .3 4 5

2 0 0 4 .1

2 1 5 1 .6

2 2 8 8 .7

2 4 5 8 .4

2 5 2 9 .2

2 8 1 8 .5

3 1 6 2 .4 4 6

life

worth

2 0 0 8 .i

(1) 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
(2 ) I n c l u d e s v a c a n t l a n d .
(3) Noncorporate farms. nonfarm noncorporate
b u s i n e s s , and u n i n c o r p o r a t e d s e c u r i t y
b r o k e r s and d e a l e r s .

organizations.

Memo:

48

Total owner-occ. real estate
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

49

Total

47

Data

are

nonprofit
in

real

billions




of

estate
dollars.

5 1 2 .5

5 3 5 .9

5 5 9 .2

5 8 4 .6

6 0 9 .6

6 5 1 .9

6 8 8 .2

7 6 8 .7 4 7

28.4%

29.i6%

31.;2 %

32.iS%

3 3 . 9%

33. i%
6

3 3 . 7%

3 2 . 1% 4 8

4 8 .6

5 2 .7

5 7 .2

6 2 .6

6 9 .3

7 6 .8

8 3 .0

9 3 .7 4 9

M a r c h 10,
Household

1993
Sector

Household
B. 100

Year-End

Balance

Sheet

of

the

Household

Sector

Outstandings

Year-End

1

3 6 7 3 ..8

3 8 4 0 ..2

4 2 2 4 ..7

4 7 2 2 ..1

4978. 7

5220.3

5904.2

6643. 7 Total

2

1 2 8 6 ..8

1 3 6 8 ..4

1 4 8 3 ..4

1 6 7 3 ..5

1 8 9 4 .,3

2154.0

2399.1

2692. 5

3
4
5
6
7
8

9 6 5 .,5
5 5 7 ..4
5 4 4 .3
13..2
6 4 .4
3 4 3 ,.7

1 0 3 2 ..0
5 8 8 ..1
5 7 4 ..4
13..7
71..5
3 7 2 ,.4

1 1 2 9 ..8
6 5 5 .3
6 4 0 ,.4
14,.9
8 0 ,.8
3 9 3 .7

1 2 7 8 ..8
7 6 3 ..2
7 4 5 ..7
17..5
90..9
4 2 4 ,.7

1 4 4 9 .,9
876. 9
8 5 6 .,9
2 0 ..1
1 0 2 .,5
4 7 0 .,5

1651.6
991.2
968.9
22.3
116.2
544.2

1812.9
1091.5
1066.9
24.6
125.7
595.7

2 0 1 1 .,4
1 2 2 4 ..3
1 1 9 7 ..2
2 7 ..1
1 3 4 ..3
6 5 2 .,8

9
10
11

3 2 1 .2
2 8 6 ,.4
34..8

3 5 3 .7
310,.6
4 3 .1

3 9 4 ,.7
3 4 5 ,.6
4 9 ,.1

4 4 4 ..4
3 8 4 ..6
5 9 ..8

502.4
433.5
68.9

586.2
513.2
73.0

6 8 1 ,.2
6 0 2 ,.0
79..2

12

2 3 8 7 ,.1

2 4 7 1 .8

2 7 4 1 .3

3 0 4 8 ..7

3 0 8 4 ..3

3066.3

3505.1

3 9 5 1 ,.2 T o t a l

13
14
IS
16
17

7 4 4 ..0
109,.3
380,.7

7 9 6 .0
116,.6
4 1 0 .7

8 6 8 .7
1 2 9 .9
4 7 8 .5

9 5 2 .3
141,.7
5 4 7 ,.6

1 0 4 8 ..7
1 5 0 ..2
5 8 7 ..2

1251.4
161.5
721.0
3.7
37.2

1 3 8 6 ,.7
1 7 5 ..1
8 3 7 ..2
3..7
2 6 ,.7

18
19
20
21
22

250
105
51
42
11

.8
.1
.8
.0
.3

253
99
52
31
15

.3
.4
.1
.4
.9

246
89
54
20
14

.7
.4
.4
.4
.6

3 4 3 ,.9
123,.8
72..0
3 9 .9
11..9

23
24
25
26

47
28
50
19

.2
.8
.7
.0

47
38
51
16

.1
.4
.5
.8

46
48
48
14

.0
.4
.9
.0

3 .2

336.4
2 9 7 ,. 6
3 8 .8

15 .3

13 .6

16..7

3 9 ..1

1152.1
156.0
624.4
2.4
56.5

2 4 6 ..2
8 6 .6
5 7 .7
2 0 .1
8 .9

2 7 2 ..2
9 6 ..7
6 0 ..4
2 8 ..0
8 ..3

312.7
108.9
63.3
31.9
13.7

328.0
121.1
67.4
45.8
7.9

.7
.4
.8
.7

5 5 ..1
5 7 ,.2
4 8 ,.8
14..4

62.2
67.1
52.1
22.5

67.2
75.9
55.3
8.5

47
52
49
9

Sector

(1)
Outstandings

assets

Tangible

1

assets

2

Reproducible assets
Residential structures
Owner-occupied housing
Nonprofit institutions
Nonprofit plant 8 equip.
Consumer durables
Land
Owner-occupied (2)
Nonprofit institutions
financial

9
10
11

assets

12

Deposits 8 cr. mkt. instr.
Checkable deposits 8 curr.
Small time 8 savings dep.
M o n e y m a r k e t fund shares
Large time deposits
Credit market instruments
U.S. govt. securities
Savings bonds
Other Treasury issues
Agency issues
Tax-exempt securities
Corporate 8 fgn. bonds
Mortgages
Open-market paper

73,.7
84 . 1
59..7
2..7

3
4
5
6
7
8

13
14
15
16
17
18
19
20
21
22
23
24
25
26

27
28

4 5 .6
699 . 1

4 4 .5
6 8 2 .7

5 3 .0
7 7 8 .0

5 6 .4
8 6 2 .0

4 3 ,.7
6 6 3 ..6

31.8
460.2

38.7
600.5

4 1 .4
7 1 6 .7

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

27
28

29
30

1 2 5 .4
2 1 9 .8

1 3 0 .7
2 4 0 .8

1 3 7 .1
2 7 7 .9

1 4 3 .9
3 3 1 .3

1 5 1 ..3
3 3 8 .0

158.4
345.3

166.5
444.1

1 7 5 .3
5 0 7 .5

Life insurance reserves
Pension fund reserves

29
30

31

5 2 4 .3

5 4 6 .4

5 9 3 .2

6 6 6 .4

8 0 0 ..1

877.8

958.9

1 0 7 1 .9

32
33

5 .2
2 3 .8

4 .4
2 6 .3

4 .9
2 8 .7

5 .0
31 .3

4..9
34..1

3.9
36.8

4.5
40.6

5 .7
4 6 .0

34

4 5 3 .2

4 7 3 .5

5 2 0 .5

5 8 3 .4

6 5 1 .1

698.6

747.5

8 4 2 .3 T o t a l

35
36
37
38
39
40

4 3 4 .5
2 6 2 .3
17 .9

4 5 5 .1
2 7 3 .6
19 .0

4 9 8 .3
2 9 6 .5
2 0 .3

5 5 6 el
331 ! 9
2 1 .5

101 .2
28 -1

1 0 5 .5
2 8 .3

1 1 8 .3
31 .2

1 3 3 .2
3 5 .3

6 2 6 .8
3 7 0 .7
2 2 ..6
0 .4
1 5 5 .1
3 7 .8

674.1
401.7
23.7
1.3
164.6
37.7

719.9
439.2
24.8
2.7
168.7
38.8

808
499
25
4
188
41

41
42

6 .8
18 .3

7 .7
2 0 .9

9 .9
2 2 .3

10 .7
2 3 .6

14 . 1
2 6 .2

15.6
29.4

14.1
31.5

14 .9
3 3 .4

Bank loans n.e.c.
Other loans

43
44

8 .2
5 .8

6 .9
6 .5

9 .5
7 .3

13 .1
8 .2

8 .9
8 .9

7.4
10.1

8.3
11.6

12 .5
1 2 .9

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

45

4 .7

5 .1

5 .4

6 .0

6 .4

46

3 2 2 0 .6

3 3 6 6 .7

3 7 0 4 .2

4 1 3 8 .8

4 3 2 7 .6

7.1

7.7

4521.7

5156.7

.5
.5
.6
.7
.7
.7

8 .4

Equity

in

noncorp.

bus.

(3)

Security credit
Miscellaneous assets

32
33

liabilities

34

Credit market instruments
Home mortgages
Other mortgages
T a x - e x e m p t debt
Installment cons, credit
Other consumer credit

5 8 0 1 .4 N e t

35
36
37
38
39
40
41
42
43
44

life
45

worth

(1) 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
(2) Includes v acant land
(3) Noncorporate farms. nonfarm noncorporate
b u s i n e s s , and u n i n c o r p o r a t e d s e c u r i t y
b r o k e r s and d e a l e r s .

31

46
organizations.

Memo:
47

8 3 0 .7

8 7 2 .0

9 5 0 .9

1 0 9 1 .4

1 2 4 1 .5

48

31.5%

31. 3%

31. 1%

30.4%

29.8%

49

1 0 6 .6

1 1 7 .8

1 3 2 .3

1 5 0 .6

1 7 4 .9

in

of

Data

are

1 illions
b




dollars

1402.4
1580.2
1 7 9 9 .2 T o t a l o w n e r - o c c .
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
28.6%
27.7%
2 7 . 7%
198.5

213.5

2 3 0 .2 T o t a l

nonprofit

real

estate

estate
real

estate

47
48
49

M a r c h 10,
Household

1993
Sector

Household

2 ^
Year-End

B . 100

Balance

Outstandings

1 Total

9
10
11
12

Total

financial

Credit market instruments
U.S. govt, securities
Savings bonds
Other Treasury issues
Agency issues
Tax-exempt securities
Corporate 8 fgn. bonds
Mortgages
Open-market paper

23
24
25
26

1978

Year-End

1979

1980

Sector

(1)

1981

1982

1983

Outstandings

1984

8351. 7

9 6 5 5 ..0

11109. 9

11921. 8

12771. 9

13848. 1

14875. 6

1

3612. 3

4191. 0

4719, 4

5115. 9

5378. 7

5693. 8

6 1 8 1 .,3

2

2302.
1429.
1398.
31.
147.
725.

1
4
4
0
2
5

2662. 2
1680. 0
1644. 3
35. 7
167. 1
815. 2

3029. 4
1 9 1 4 ., 1
1872. 8
41. 2
190. 9
924. 4

3338.
2108.
2062.
46.
215.
1014.

6
7
1
5
6
3

3567. 3
2243. 3
2193. 3
50. 0
237. 8
1 0 8 6 .,2

3707. 0
2317. 3
2265. 7
51. 6
256. 0
1 1 3 3 .,7

3 8 8 8 .,7
2 4 2 1 ..6
2 3 6 8 ..3
5 3 ..3
2 7 3 ..4
1 1 9 3 ..8

4124. 6
2 5 5 2 .,2
2496. 8
55. 5
2 9 0 .,9
1281. 5

3
4
5
6
7
8

950. 1
844, 9
105. 2

1161. 6
1 0 3 6 .,7
124. 9

1380. 8
1243. 8
137. 1

1548. 7
1398. 8
149. 9

1671. 7
1512. 9
158, 8

1 8 0 5 ..0
1 6 3 6 ..6
168. 5

2 0 5 6 ..7
9
1 8 7 3 . 8 10
1 8 2 . 8 11

4242. 1

assets

D e p o s i t s 8 cr. mkt. instr.
Checkable deposits 8 curr.
Small time 8 savings dep.
M o n e y m a r k e t fund s h a r e s
Large time deposits

18
19
20
21
22

Sector

795. 9
706. 0
89. 9

Land
O w n e r - o c c u p i e d (2)
Nonprofit institutions

13
14
15
16
17

Household

7340. 1

assets

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

3
4
5
6
7
8

the

3098. 0

assets

Tangible

of

'

1977

2

Sheet

4739. 4

5 4 6 4 ..0

6390. 5

6805. 8

7393. 3

8 1 5 4 ..3

8694. 4

12

1533. 9
1 9 2 ..2
932. 7
3. 4
34. 5

1709. 6
216. 8
998. 4
9. 4
64. 9

1 9 2 3 ..1
249. 5
1 0 5 8 ..2
4 0 ..0
72. 5

2139. 9
260. 4
1 1 4 0 .,7
64. 9
1 1 1 ..9

2366. 4
294. 4
1 1 8 8 ..2
155. 6
1 2 6 ..0

2 5 6 2 .,2
3 1 6 .,1
1 3 2 2 ..5
189. 4
84. 8

2838. 1
3 4 2 ..0
1 5 3 2 ..6
1 5 8 .,4
5 6 ..2

3208. 8
358. 4
1 6 8 5 ..7
2 0 2 ..4
108. 5

13
14
15
16
17

3 7 1 ..1
1 3 3 ..1
76. 8
4 5 ..2
11..2

4 2 0 .,1
1 4 8 .,6
80. 7
4 7 ..3
20. 6

5 0 2 ,.9
2 0 8 ..0
79,.9
91,.1
37,.0

5 6 2 ..0
2 4 0 ..7
7 2 ..5
1 2 1 ..6
4 6 ..6

6 0 2 ..2
2 6 1 ..2
6 8 .,2
1 4 4 ..7
4 8 ..3

6 4 9 ,.4
2 7 2 ..2
6 8 ..3
1 7 0 ..9
33,.0

7 4 8 ..9
3 2 1 ..0
71,.5
2 1 3 ,.6
35..9

8 5 3 ..8
3 9 0 ..0
74..5
2 5 7 ,.7
57,.8

18
19
20
21
22

7 9 ..8
7 5 ..2
6 6 ..5
16..5

94. 0
7 0 ..2
7 6 ..0
3 1 ..4

1 0 2 ..0
64,.5
8 9 .4
3 8 .9

102. 4
6 9 ..3
1 0 7 ..0
4 2 ..6

1 2 2 ..8
68..5
1 1 7 ..3
3 2 ..3

1 5 3 ..2
63,.6
1 2 6 ..1
34..3

192,.1
53.
127,.1
5 5 ..7

2 2 3 ..6
50..7
1 2 7 .8
61 .6

23
24
25
26

27
28

Mutual fund shares
Corporate equities

4 0 ..4
6 6 8 .5

4 1 .,1
6 6 3 ,.9

4 4 .8
8 1 2 ..2

5 2 ..1
1 1 1 1 ..3

5 2 ..6
1 0 5 1 ,.2

6 6 ..7
1 1 2 8 ,.4

98..0
1 2 6 7 ..8

117..7 2 7
1 2 6 4 .5 2 8

29
30

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

1 8 4 .8
5 6 0 .3

196..0
6 6 1 .5

2 0 6 ..7
7 6 7 .1

2 1 6 ,.4
9 1 6 ,.1

2 2 5 ,.6
9 9 6 .9

2 3 2 ,.8
1 2 7 9 ,.3

2 4 0 .8
1 5 2 0 ..8

2 4 6 .0 2 9
1 6 9 8 .3 3 0

31

Equity

1 1 9 5 ..6

1 3 9 9 .2

1 6 3 3 .1

1 8 6 5 ..0

2 0 1 7 ,.9

2 0 1 8 ,.6

2 0 6 5 .4

2 0 3 3 .3 31

32
33

Security credit
Miscellaneous assets

5 .7
5 2 .9

8 .5
5 9 .5

10 .4
6 6 .7

16..2
7 3 .5

14 .7
8 0 .4

17..8
8 7 .4

20..6
1 0 2 .9

21 .6 3 2
1 0 4 .2 3 3

9 8 3 .5

1 1 5 1 .1

1 3 2 0 .2

1 4 6 5 .6

1 5 8 4 .5

1 6 6 9 .6

1 8 4 6 .6

2 0 7 3 .4 3 4

945
590
26
8
223
43

.3
.0
.7
.1
.7
.5

1 1 0 7 ..0
6 9 6 .4
2 8 .1
10 .7
2 6 4 .7
4 7 .6

1272
808
29
13
300
52

.1
.6
.6
.6
.3
.4

1 4 0 5 ..8
9 1 8 .0
31..5
16 .7
3 0 2 ..1
5 3 .3

1521
992
33
21
315
56

.7
.8
.8
.1
.5
.8

1 6 0 0 ..3
1 0 3 3 .7
3 6 .4
2 9 .6
3 3 0 .4
5 8 .3

1766..0
1 1 3 0 .1
3 8 .9
4 1 .0
3 7 4 .5
6 3 .2

1993
1265
41
51
449
69

17 .6
3 5 .7

2 0 .1
3 9 .5

2 1 .7
4 5 .9

2 9 .5
5 4 .7

3 5 .9
6 5 .8

3 8 .6
7 3 .2

4 1 .8
7 6 .5

3 7 .0 4 1
79 .4 4 2

14 .5
14 .4

1 7 .1
16 .6

17 .5
18 .9

2 4 .7
2 2 .1

2 3 .0
2 5 .1

2 5 .8
2 7 .9

3 4 .2
3 0 .3

31 .8 4 3
3 3 .1 4 4

9 .3

10 .3

11 .7

1 2 .9

14 .7

15 .5

16 .1

15 .1 4 5

4004.9

34

Total

in

noncorp.

bus.

(3)

liabilities

Credit market instruments
Home mortgages
Other mortgages
T a x - e x e m p t debt
Installment cons, credit
Other consumer credit

35
36
37
38
39
40
41
42

Bank loans n.e.c.
Other loans

43
44

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

45

46

Net

6356.6

worth

48

Total owner-occ. real estate
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

49

Total

Data

are

nonprofit
in

real

billions




of

35
36
37
38
39
40

life

(1) 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
(2) Includes vacant land.
(3) N o n c o r p o r a t e farms, nonfarm n o n c o r p o r a t e
b u s i n e s s , and u n i n c o r p o r a t e d s e c u r i t y
b r o k e r s and d e a l e r s .

47

.3
. 1
.4
.2
.5
.8

estate
dollars.

7200.6
organizations.

2489.3

2909.5

3305.9

3592.1

3778.6

4370.6

47

28.0%

27.9%

27.7%

27.7%

27.6%

27.3%

28.2%

28.9%

48

256.9

294.2

340.3

378.5

413.2

438.6

464.6

495.7

49

2104.4

M a r c h 10,
Household

1993
Sector

Household
B.100

Year-End

Sheet

of

the

Household

Sector

Year-End

1 6 4 4 5 ,.1

1986

1987

1988

1989

1990

1991

Sector

25

(1)

Outstandings

1985

1

Balance

Outstandings

1992

1 7 9 2 5 ..6

1 9 0 6 0 .,4

2 0 4 8 2 ,.7

2 2 5 3 5 .7

22731.5

24688.9

2 5 6 9 5 .8

1

8 1 2 6 ,.4

8 7 3 1 .9

8747.4

9255.0

9 5 1 5 .1

2

2

6 6 2 5 .8

7 1 2 1 ,.8

7 6 7 7 ..7

3
4
5
6
7
8

4 3 9 1 .7
2 6 9 2 .5
2 6 3 4 ..1
5 8 .4
308 . 1
1391 . 1

4 7 5 7 ..8
2 9 0 2 ..5
2 8 4 0 ,.6
61..9
327,.8
1527,.5

5 1 5 7 ..5
3 1 4 8 ..1
3081. 8
66..3
3 4 9 ..9
1 6 5 9 ..5

5 4 0 8 ,.7
3 2 2 3 ,.4
3 1 5 6 ,.5
66,.9
3 7 6 ..9
1 8 0 8 .4

5773
3440
3370
70
403
1929

.7
.5
.3
.2
.6
.6

6090.2
3633.0
3560.1
72.9
426.6
2030.7

6351.2
3785.5
3710.9
74.5
443.1
2122.7

6631 .7
1 .7
3 9 7 4 .3
3 8 9 8 .0
7 6 .2
4 6 6 .5
2 1 9 1 .0

Reproducible assets
Residential structures
Owner-occupied housing
Nonprofit institutions
Nonprofit plant 8 equip.
Consumer durables

9
10
11

2 2 3 4 .0
2 0 3 8 .5
1 9 5 .5

2 3 6 4 ..1
2 1 5 9 ,.0
2 0 5 ,.0

2 5 2 0 ..2
2 3 0 8 ..7
2 1 1 ..4

2 7 1 7 ..6
2 4 8 6 ..6
2 3 1 ,.0

2 9 5 8 .2
2 7 1 1 .6
2 4 6 ..6

2657.2
2444.9
212.2

2903.8
2757.0
146.8

2 8 8 3 .3
2 7 9 9 .8
8 3 .5

Land
O w n e r - o c c u p i e d (2)
Nonprofit institutions

12

9 8 1 9 ,.4

1 0 8 0 3 ..8

1 1 3 8 2 ..7

1 2 3 5 6 ,.3

1 3 8 0 3 .7

13984.1

15433.8

13
14
15
16
17

3 5 2 5 ,.6
3 8 0 .2
1 8 2 9 .6
211 . 1
72 . 1

3 7 9 2 ,.1
4 7 5 .4
1945..7
250,.7
49,.5

4 1 3 8 ..3
4 8 1 ..4
2 0 0 5 ..3
2 7 8 ..8
99..1

4 5 3 3 ,.5
4 7 9 ..4
2 1 3 7 ,.2
302,.4
129..4

4 9 5 9 ..0
4 9 3 .6
2 2 2 5 .4
3 8 8 .3
141 .5

5218.7
516.0
2279.0
432.5
108.9

5099.4
559.7
2283.1
461.0
61.0

5142
672
2215
461
2

18
19
20
21
22

1 0 3 2 .6
427 . 1
79.8
2 6 0 .3
8 7 .0

1070,.9
386..4
93,.3
2 2 3 ..0
70.. 1

1 2 7 3 ..6
4 5 4 ..2
101..1
2 2 6 ..4
126..7

1 4 8 5 .. 1
5 8 4 ..0
109..6
2 7 1 .. 1
2 0 3 ..3

1710,.1
680,.3
1 1 7 .7
2 7 4 .8
2 8 7 ,8

1882.3
770.9
126.2
314.6
330.1

1734.7
658.0
138.1
217.0
302.9

1 7 9 1 .9
6 5 0 ..0
157..3
186..4
3 0 6 .3

302
53
127
122

23
24
25
26

1 6 1 8 0 ..7 T o t a l
80.7

304,.2
103..3
141 .
.2
135..7

.8
.1
.4
. 1

397,.3
118..4
164..9
138..8

4 6 4 .8
8 1 ,.0
181..8
173,.5

5 2 7 .2
116,.2
2 1 3 ..1
173..4

557.5
150.9
214.8
188.2

579.3
149.7
245.0
102.8

financial

7

9

12

assets

Credit market instruments
U.S. govt, securities
Savings bonds
Other Treasury issues
Agency issues
Tax-exempt securities
Corporate 8 fgn. bonds
Mortgages
Open-market paper

5 9 9 ..8
130..8
3 0 2 ..0
109..4

6

8
10
11

Deposits 8 cr. mkt. instr.
Checkable deposits 8 curr.
Small time 8 savings dep.
M o n e y m a r k e t fund shares
Large time deposits

.9
.0
.1
.8
.1

3
4
5

13
14
15
16
17
18
19
20
21
22
23
24
25
26

27
28

2 0 6 .9
1611 ,
.4

3 5 6 ..9
1 7 5 0 ..7

4 0 6 ..3
1 6 0 0 ..3

4 1 8 ..0
1 7 1 8 ..9

4 9 1 .6
2 0 0 4 ..1

514.5
1841.5

679.7
2349.1

8 9 7 ..5
2 5 3 5 ..3

M u t u a l fund shares
Corporate equities

27
28

29
30

2 5 6 .7
1 9 9 1 .9

2 7 4 ..2
2 3 1 4 ,.3

3 0 0 ..3
2 4 7 0 ..5

3 2 5 ..5
2 7 5 5 ..0

3 5 4 ..3
3 2 1 0 ,.5

380.0
3303.0

402.0
4223.4

4 3 4 ..0
4 5 8 5 ..8

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

29
30

31

2 0 5 9 .3

.8
2121 ,

2 2 5 3 ..1

2 3 7 3 ..1

2 5 2 4 ..9

2449.4

2367.8

2 2 6 3 ..6

4 0 ..9
191..3

53,.2
2 0 6 ,.2

62.4
214.6

87.0
225.4

79..7
2 4 2 ..0

39.. 1
174..9

4 4 .0
149 .8

35 . 1
1 3 2 .5

32
33

Equity

in

noncorp.

bus.

(3)

34

2 3 7 2 .9

2 6 9 4 ,. 1

2 9 6 0 ..7

3 2 8 3 ..6

3 6 1 8 ,.5

3892.2

4059.7

4 2 8 1 ..4 T o t a l
1.4

35
36
37
38
39
40

.0
2271 ,
1 4 1 6 ,.2
43,.8
8 1 .3
5 2 6 .2
75 .3

2 5 8 4 ..0
1659..6
4 9 ..9
79.
5 8 1 .. 1
78..0

2 8 6 1 ..3
1 8 7 5 ..0
8 2 ,.2
78..2
6 1 8 ..5
73..5

3 1 7 7 ..3
2 1 0 9 ..6
109..2
79. 5
6 7 3 ..3
68..8

3 5 0 8 ..2
2 3 6 0 ..5
122..6
8 1 .9
7 2 8 ..9
62..9

3780.6
2598.7
133.5
86.0
748.5
60.7

3925.5
2722.6
144.1
94.8
742.1
54.7

4 1 4 0 ..6
2 9 1 3 ..4
1 5 3 ..8
.0
101 .
7 4 1 ..4
57. 8

41
42

4 3 .9
8 4 .3

4 6 ..9
8 9 ..4

.6
41 .
92..4

4 0 ..5
96..5

52..8
98..6

43.3
109.8

47.3
119.9

46. 6
1 2 6 ..6

Bank loans n.e.c.
Other loans

43
44

5 0 .7
36 .0

57,.4
3 8 .7

4 1 ..8
4 2 ..5

4 3 ..5
4 7 ..2

42..5
51..4

38.8
56.3

55.1
61.0

56. 7
64. 4

45

15 .2

13,.9

15.. 1

15..5

16..4

Security credit
Trade credit
D e f e r r e d and unpaid
insurance premiums

46

1 4 0 7 2 .3

1 5 2 3 1 ,.6

1 7 1 9 9 ..1

1 8 9 1 7 ..2

1 6 0 9 9 ..7

16.5

18.2

18839.3

20629.1

4 6 7 2 ,.6

4 9 9 9 ,.6

5 3 9 0 ..5

5 6 4 3 ..1

6 0 8 1 ..9

6697. 9
6468.0
6005.1
H o m e m o r t g a g e s a s p e r c e n t of
43.2%
42.OX
43.4%
642.6

Data

are

in

billions




of

dollars.

35
36
37
38
39
40
41
42
43
44

life

21414. 4

(1) H o u s e h o l d s , p e r s o n a l trusts.
(2) Includes vacant land
(3) N o n c o r p o r a t e farms, n o n f a r m
b u s i n e s s , and u n i n c o r p o r a t e d
and d e a l e r s .

47

liabilities

Credit market instruments
Home mortgages
Other mortgages
T a x - e x e m p t debt
Installment cons, credit
Other consumer credit

19..6

31
32
33

Security credit
Miscellaneous assets

589.4

544.4

:

47
owner-occ.
Total

real

nonprofit

estate
real

estate

48
49

M a r c h 10? 1 9 9 3
F a r m a n d Nctnfarm N o n c o r p o r a t e

Business

26

Year-End

Farm

B.102-B.103

Balance

Sheets

of

Unincorporated

Nonfinancial

and

Nonfarm

Outstandings

Year-End

B.102
1 Total

Noncorporate

assets

Farm

Business

Business

Business
Outstandings

(1)

8 6 .7

1 0 1 .7

1 2 3 .6

1 2 4 .8

1 2 1 .1

1 4 4 .4

158.5

1 5 7 .3

1

7 8 .6

9 2 .8

1 1 4 .9

1 1 6 .3

1 1 3 .1

1 3 6 .4

150.1

1 4 9 .0

2

Reproducible assets
Residential structures
Nonres. plant & equipment
Inventories

3 2 .5
.4
7 .0
14 . 1

41
13
9
19

Land

2

4 6 .0

51 . 1

Tangible

3
4
5
6
7
8

Total

assets

financial

assets

8 .1

Checkable dep. 8 currency
Miscellaneous assets
Insurance receivables
E q u i t y in s p o n s . a g s . ( 2 )

9
10
11
12

13 T o t a l

liabilities

7
0
0
0

.4
.7
.5
.2

.8
.2
.0
.6

62
15
11
35

.5
.2
.9
.4

63
16
14
32

.1
.3
.5
.3

61
16
16
28

.7
.8
.5
.4

73
17
19
36

.0
.9
.0
.1

78.9
18.9
21.4
38.6

77
19
22
35

.3
. 1
.8
.4

3
4
5
6

5 2 .4

5 3 .2

5 1 .4

6 3 .3

71.2

71 .7

7

8 .8

8 .7

8 .4

8 .0

8 .0

8.4

8 .3

8

8
0
0
0

7 .8
0 .9
0 .8
0. 1

7 .5
1 .0
0,.8
0,.1

7
1
0
0

.0
.0
.9
.1

7 .0
1,.1
0..9
0..1

7.3
1.1
1.0
0.1

7 el 9
1,
.2 10
.1 11
0..1 12

.0
.8
.6
. 1

7 .6

8 .3

9..2

10.,2

1 0 .7

12.,2

14.0

14.,9 13

14
15
16
17
18
19

Credit market instruments
Mortgages
Bank loans n.e.c.
Other loans
U.S. government
Fed. Inter. Credit Banks

6..6
4..8
1..0
0. 8
0. 5
0.,3

7 .0
4,.9
1..3
0,,8
0.,4
0.,4

7..4
5..1
1. 6
0. 8
0. 3
0. 5

8 ..1
5 .,3
1. 9
0. 8
0. 2
0. 6

8 .5
5 .6
2..0
0..8
0.,2
0,,6

9..5
6. 1
2. 5
0. 9
0. 2
0. 7

10.8
6.7
3.1
1.0
0.2
0.8

11..6
7..2
3.,3
1.,1
0.,2
0. 9

20

Trade

1. 0

1. 4

1. 7

2. 1

2 ..3

2. 7

3.2

3.,3 2 0

79. 1
77. 7
1. 4

93. 3
91 . 6
1. 7

114. 5
112. 3
2. 2

114. 5
112. 4
2. 2

no. 4
108. 3
2. 1

132. 2
129. 7
2. 6

144.4
141.6
2.8

142. 4 21
139. 5 2 2
2. 9 23

68. 7

73. 5

76. 0

75. 1

88. 9

98.7

21
22
23

debt

Net w o r t h
Noncorporate
Corporate

(1) C o r p o r a t e and n o n c o r p o r a t e f a r m s .
( 2 ) S h a r e s in F e d e r a l I n t e r m e d i a t e C r
and F e d e r a l Land B a n k s .

24

Memo:
Total

real

estate

: Banks

60. 5

B.103

1 Total
2

Nonfarm

Noncorporate

Business

104.5

assets

121.2

139.2

149.7

153.8

167.1

177.8

182.5

1

88.4

assets

Tangible

14
15
16
17
18
19

103.8

120.6

130.7

134.1

145.9

155.8

159.9

2

106.9
68.9
25.9
12.1

109.0
70.3
27.0
11.7

118.6
74.7
30.3
13.6

126.2
78.5
33.4
14.3

128.2
79.8
34.4
14.0

3
4
5
6

3
4
5
6

Reproducible assets
Residential structures
Nonres. plant & equipment
Inventories

72.1
50.1
14.8
7.2

85.1
57.2

9.3

98.7
65.2
23.1
10.4

7

Land

16.4

18.7

21.9

23.9

25.1

27.3

29.5

31.7

7

16.1

17.4

18.5

18.9

19.7

21.2

22.0

22.7

8

9.7

9.7

10.1

9.9

10.3

10.5

10.8

10.4
2.7
7.8

9
10
11
12
13
14
15
16
17
18

8

Total

financial

assets

9
10
11
12
13
14

Checkable dep. & currency
Time deposits
U.S. government securities
Consumer credit
Mortgages
Trade credit

15
16
17
18

Miscellaneous assets
Insurance receivables
E q u i t y in s p o n s . a g s .
Other

(3)

18.6

1.0

1.2

1.5

1.8

2.1

2.2

2.7

4.5

5.6

5.9

5.9

6.0

7.1

7.0

0.8
0.8

0.9
0.9

1.1
1.1

1.2
1.2

1.3
1.3

1.4
1.4

1.5
1.5

1.7
1.7
*
-

12.1

14.0

15.5

16.1

19.1

20.3

22.1

19

9.6
5.1
0.7
3.3
1.1

10.3
5.8
0.9
4.0
0.9

10.8
6.4
1.0
5.0
0.3

12.8
7.5
1.6
6.0
"

14.1
8.2
1.7
7.2
-.7

15.5
8.9
1.9
7.8
-.8

20
21
22
23
24

1.1
3.5

0.8
3.6

1.3
4.0

1.5
4.4

1.7 25
4.9 26

"
19

Total

20
21
22
23
24

liabilities

Credit market instruments
Mortgages
Home mortgages
Multifamily
Commercial

25
26

Bank loans n.e.c.
Other loans
Taxes
Trade

29

Miscellaneous

Net

31

Memo:
Total

Data

are

0.7

1.0

1.0

liabilities

in

Banks

for

Cooperatives.

estate

billions




of

dollars.

2.9

1.3
3.2

2.5

payable
debt

real
in

3.8
0.3

2.8

8.4
4.5
0.5
3.0

0.3
1.9

worth

(3) Shares

6.1

3.7

4.4

5.1

5.3

6.3

6.1

6.5

27
28

0.1

0.1

0.1

0.1

0.1

0.1

0.1

0.1

29

125.2

27
28

30

8.7

134.2

137.6

148.0

157.5

160.5

30

M a r c h 10, 1993
F a r m and N o n f a r m

Noncorporate

Business

Farm

B.102-B.103
Year-End

Balance

Sheets

of

Unincorporated

Nonfinancial

and

Nonfarm

Noncorporate

Outstandings

1953

Year-End

1954

1955

1956
B.102

Farm

1957

Business

1958

Business

Business

1959

Outstandings

1960

(1)

1

155.5

157.3

161.1

169.3

177.2

189.1

193.5

195.8

Total

2

147.2

149.0

152.7

161.1

169.0

180.5

185.5

188.1

Tangible

3
4
5
6

76.9
19.2
23.4
34.4

75.5
19.3
23.7
32.5

74.7
19.6
24.8
30.2

76.1
19.8
25.9
30.4

77.5
19.6
26.4
31.5

80.2
19.4
27.0
33.8

78.7
19.4
27.7
31.6

80.4
19.2
28.2
33.0

7

70.3

73.5

78.1

85.0

91.5

100.3

106.7

107.7

8

8.3

8.3

8.4

8.3

8.2

8.6

8.0

7.7

9
10
11
12

7.0
1.3
1.2
0.1

6.9
1.4
1.2
0.1

6.9
1.5
1.3
0.1

6.7
1.6
1.4
0.2

6.6
1.6
1.4
0.2

6.9
1.7
1.5
0.2

6.2
1.8
1.6
0.2

5.8
1.8
1.6
0.2

13

14.5

15.4

16.9

17.8

19.2

21.2

23.6

24.8

14
15
16
17
18
19

11.5
7.7
2.7
1.1
0.4
0.6

12.3
8.2
2.9
1.2
0.5
0.7

13.7
9.0
3.4
1.3
0.6
0.7

14.6
9.8
3.4
1.4
0.6
0.7

15.6
10.4
3.8
1.5
0.6
0.9

17.0
11.1
4.2
1.7
0.6
1.2

18.9
12.1
4.9
2.0
0.6
1.4

20.0
12.8
5.1
2.1
0.6
1.5

20

3.0

3.2

3.2

3.2

3.6

4.2

4.7

4.8

21
22
23

141.0
137.9
3.0

141.9
138.5
3.3

144.2
140.6
3.6

151.5
147.4
4.2

158.0
153.3
4.7

167.9
162.5
5.4

169.8
164.1
5.8

171.0
164.7
6.3

assets

1

assets

2

Reproducible assets
Residential structures
Nonres. plant 8 equipment
Inventories
Land
Total

7
financial

assets

8

Checkable dep. 8 currency
Miscellaneous assets
Insurance receivables
E q u i t y in s p o n s . a g s . (2)
Total

3
4
5
6

liabilities

9
10
11
12
13

Credit market instruments
Mortgages
Bank loans n.e.c.
Other loans
U.S. government
Fed. Inter. Credit Banks

14
15
16
17
18
19

Trade

20

debt

Net w o r t h
Noncorporate
Corporate

21
22
23

(1) C o r p o r a t e and n o n c o r p o r a t e f a r m s .
( 2 ) S h a r e s in F e d e r a l I n t e r m e d i a t e C r e d i t
and F e d e r a l L a n d B a n k s .

Banks

Memo:
24

98.9

102.5

108.2

B.103

116.1

Nonfarm

122.7

Noncorporate

131.5

138.4

139.7

Total

real

assets

1

186.9

191.0

200.7

211.4

216.7

222.9

226.5

230.5

Total

163.6

167.0

176.4

185.4

190.3

194.1

199.3

203.3

Tangible

3
4
5
6

130.2
80.2
35.5
14.5

132.7
81.7
36.7
14.4

140.1
84.3
40.6
15.3

146.8
85.9
44.9
16.0

150.4
86.6
47.3
16.5

153.2
87.8
48.5
16.9

157.3
89.9
50.5
16.9

159.9
91.7
51.6
16.6

7

33.4

34.3

36.3

38.6

39.9

40.9

42.0

43.4

8

23.3

24.0

24.3

26.1

26.4

28.8

27.3

27.2

9
10
11

10.4

10.9

11.2

11.5

12.4

13.6

12.7

12.4

13
14

2.8

2.8

2.9

3.1

3.1

3.1

3.4

3.2

8.2

8.2

7.9

9.1

8.4

9.4

8.2

8.6

15
16
17

1.9
1.9
*

2.1
2.1
*

2.3
2.3

2.4
2.4

2.6
2.6

2.7
2.7

2.9
2.9

3.0
3.0

1 9

23.4

26.0

29.0

31.1

32.0

34.1

35.8

38.5

20
21

24

16.0
9.2
2.1
8.3
-1.1

17,0
9.9
2.4
8.5
-1.0

18.9
10.6
2.6
9.1
-1.1

20.0
10.9
2.6
9.6
-1.4

20.9
11.1
2.7
10.0
-1.6

22.4
12.3
3.0
11.2
-2.0

24.9
13.5
3.3
12.9
-2.6

27.1
14.4
3.5
14.4
-3.4

25
6

1.8
5.0

1.9
5.2

2.4
5.8

3.0
6.1

3.1
6.7

3.2
6.9

3.6
7.7

2 7

28

7.3

8.9

10.1

11.0

11.0

11.6

10.8

11.2

29

0.1

0.1

0.1

0.1

0.1

0.1

0.1

0.1

5 0

163.6

165.0

171.7

180.3

184.8

188.8

190.8

2 2

2

-

-

-

192.0
(3) Shares

31
Data

131.6
are

134.5

in

of

billions




dollars.

141.1

147.3

150.6

153.6

158.0

161.9

1

assets

2

Reproducible assets
Residential structures
Nonres. plant 8 equipment
Inventories
Land
Total

3
4
5
6
7

financial

assets

8

Checkable dep. 8 currency
Time deposits
U.S. government securities
Consumer credit
Mortgages
Trade credit

9
10
11
12
13
14

Miscellaneous assets
Insurance receivables
E q u i t y in s p o n s . a g s .
Other

15
16
17
18

4.0
8.7

18

24

Business

2

12

estate

Total

(3)

liabilities

Credit market instruments
Mortgages
Home mortgages
Multif amily
Commercial
Bank loans n.e.c.
Other loans
Taxes
Trade

payable
debt

Miscellaneous

Net

Banks

Memo:
Total

real

25
26
27
28

liabilities

worth

in

19
20
21
22
23
24

29

30
for

Cooperatives.

estate

31

M a r c h 10, 1 9 9 3
F a r m and N o n f a r m

Year-End

Noncorporate

Farm

Business
B.102-B.103

28

Balance

Sheets

of

Unincorporated

1962

1963

218. 5

226. 9

244. 6

255. 4

201. 8

210. 7

218. 8

2 3 6 ..2

246. 7

8 5 ..1
18. 8
31. 4
3 4 .,9

8 5 ,.4
19,.2
33,.0
33,.3

9 2 ..2
19..2
3 5 ..5
37,.4

8 1 .,7
19.,2
28. 8
3 3 .,7

financial

real

1 4 4 ,.0

1 5 1 ..6

160.5

1 6 6 .,2

7

8..2

8 ..5

8 ..7

9.1

9.,6

8

5,.9
.9
1.
1.
.7
0 .2

5..9
2..0
.7
1,
0..2

5 .7
2,. 1
.9
1,
0,.3

5 .8
2,.3
2..0
0,.3

6..0
2,.5
2..2
0,.3

6..0
2..7
2..3
0..4

6.1
3.0
2.6
0.4

9
6..3
3,,3 10
2..8 11
0,.5 12

29,.4

32,.5

3 5 .3

3 9 .2

4 2 ..8

45.9

4 7 ..6

2 1 ..6
13,.9
5 .3
2 .3
0 .7
1 .7

23,.9
15,.2
6 .1
2 .6
0 .7
1 .8

26,.4
16,.8
6 .7
2 .9
0 .8
2 . 1

29
18
7
3
0
2

.0
.9
.0
.1
.9
.2

32,.3
2 1 ,.2
7 .7
3 .5
0 .9
2 .5

35..5
2 3 ..1
8 ..6
3..9
0..9
2,.9

38.8
25.0
9.3
4.5
1.1
3.4

41,.6 14
27..2 15
9,.7 16
4,.7 17
1 .0 18
3,.7 19

5 .1

5 .5

6. 1

6 .3

6 .9

7..3

7.0

6 .0 2 0

1 7 6 .0
1 6 9 .2
6 .9

1 8 0 .3
1 7 2 .9
7 .4

191 .6
1 8 3 .0
8 .6

2 0 5 .4
1 9 5 .9
9 .5

2 1 2 .5
2 0 2 ,.4
10 .1

222.4
211.6
10.8

2 3 4 .4 2 1
2 2 2 .6 2 2
11 .8 2 3

1 8 6 .0
1 7 8 .0
8 .0

Banks

financial

assets

9
10
11
12
13
14

Checkable dep. 8 currency
Time deposits
U.S. government securities
Consumer credit
Mortgages
Trade credit

15
16
17
18

Miscellaneous assets
Insurance receivables
E q u i t y in s p o n s . a g s .
Other

29

Miscellaneous

in

real
in

301.2

318.7

352.2

1

216.8

223.8

236.2

250.9

271.8

288.4

322.5

2

162.9
94.2
53.1
15.6

168.8
97.6
55.4
15.8

173.5
100. 3
58 . 1
15.1

184.1
107.1
61.9
15.1

196.0
112.3
67.8
15.8

212.9
121.2
75.3
16.4

225.2
127.1
81.0
17.1

249.7
143.0
89.1
17.6

3
4
5
6

48.0

50.3

52. 1

54.9

58.8

63.2

72.8

7

27.6

27.6

28.2

28.6

29.4

30.4

29.6

8

12.5

12.5

12.5

12.5

12.5

12.5

12.5

12.5

0.1
3.9

0.3
3.9

9
10
11
12
13
14

3.1

3.3

3.6

3.8

4.0

4 . 0

8.9

8.5

8.0

8.1

7.9

8.5

9.0

7.7

3.2
3.1
0.1

3.3
3.3
0.1

3.5
3.5
0.1

3.8
3.7
0.1

4.1
4.0
0.1

4.4
4.3
0.1

4 .8
4.7
0.1

5.3
5.2
0.1

-

"

"

15
16
17
18

Banks




of

57.1

61.9

69.3

77.8

19

43.2
25.9
5.5
26.2
-5.8

50.3
30.8
6.1
29.4
-4.7

56.6

63.9
40.9
35.4
-1.7

73.4
47.8
8.7
38.3
0.8

20
21
22
23
24

4.7
9.2

5.3
10.3

5.8
11.6

6.7
12.8

8.1
13.8

8.8
14.2

9.9
15.7

25
26

-

-

10.0

8.2

7.5

6.6

5.1

5.2

4.2

27
28

0.2

0.2

0.2

0.2

0.2

0.2

0.2

0.2

2)

201.5

206.0

213.5

222.4

239.3

249.5

274.3

3G

175.9

182.9

194.0

206.2

223.6

237.2

268.0

31

36.9
6.6
32.2
-4.0

7 .2

Cooperatives.

estate

billions

50.9

37.0
21.4
4.9
22.1
—5.6

168.5

for

45.4

32.7
18.8
4.4
19.3
-4.9

-

liabilities

42.9

29.6
16.4
3.9
16.7
-4.2

10.6

payable
debt

worth

are

279.5

196.2

Taxes
Trade

Data

264.4

4.3
8.9

Bank loans n.e.c.
Other loans

(3) Shares

2 5 1 .4

40.4

liabilities

Credit market instruments
Mortgages
Home mortgages
Multi family
Commercial

27
28

31

(3)

244.4

27.8

Land

Memo:
Total

Business

46.0

7

30 Net

Noncorporate

208.8

assets

Reproducible assets
Residential structures
Nonres. plant 8 equipment
Inventories

25
26

Nonfarm

236.6

3
4
5
6

19 T o t a l

13

estate

assets

Tangible

20
21
22
23
24

3
4
5
6

1 3 3 ..3

debt

Net worth
Noncorporate
Corporate

Total

106..1
2 2 ..2
4 5 ..2
38..7

7..9

B.103

8

98.7
20.6
41.6
36.5

1 2 5 .,5

C I ) C o r p o r a t e and n o n c o r p o r a t e f a r m s .
( 2 ) S h a r e s in F e d e r a l I n t e r m e d i a t e C r e d i t
and F e d e r a l L a n d B a n k s .

2

2

2 6 ,.6

Trade

1 Total

1

272. 3

7.,8

liabilities

20

Memo:
Total

9 5 ..1
2 0 ., 1
3 8 ..7
3 6 ..3

281. 9

259.2

1 1 8 ..0

Credit market instruments
Mortgages
Bank loans n.e.c.
Other loans
U.S. government
Fed. Inter. Credit Banks

24

1968

7..8

assets

14
15
16
17
18
19

21
22
23

83. 8
19., 1
2 9 .,9
34. 8

1967

Outstandings

(1)

2 0 9 .,7

Checkable dep. 8 currency
Miscellaneous assets
Insurance receivables
E q u i t y in s p o n s . a g s . ( 2 )

13 T o t a l

Business

Business

1 1 3 ..1

Land

9
10
11
12

Farm

1966

194. 9

assets

Reproducible assets
Residential structures
Nonres. plant 8 equipment
Inventories

Total

1965

1964

202. 7

assets

2 Tangible

Noncorporate

3

1 Total

7

Nonfarm

Year-End

B.102

8

and

Business

Outstandings

1961

3
4
5
6

Nonfinancial

dollars.

M a r c h 10, 1993
F a r m and N o n f a r m

Noncorporate

Business

Farm

B.102-B.103
Year-End

Balance

Sheets

of

Unincorporated

Nonfinancial

and

Nonfarm

Noncorporate

Business

Outstandings

1969

Year-End

1970

1971

1972
B.102

Farm

Business

1973

1974

1975

Business

^ g
Outstandings

1976

(1)

1

293.4

301.1

324.5

366.7

454.5

501.4

560.1

643.2

Total

2

283.3

290.3

313.0

354.2

441.2

487.6

545.4

626.9

Tangible

assets

3
4
5
6

114.8
23.5
49.4
41.9

117.5
24.2
53.3
40.1

128.7
25.7
58.0
45.0

147.8
28.3
64.2
55.3

181.1
30.8
72.4
78.0

196.1
34.2
87.6
74.3

209.5
36.8
97.1
75.5

219.3
39.7
107.4
72.2

1

assets

2

Reproducible assets
Residential structures
Nonres. plant 8 equipment
Inventories
Land

3
4
5
6

7

168.5

172.8

184.4

206.4

260.1

291.5

335.9

407.6

8

10.2

10.8

11.5

12.5

13.3

13.8

14.8

16.3

9
10
11
12

6.4
3.8
3.2
0.6

6.5
4.3
3.6
0.6

6.7
4.8
4.1
0.7

6.9
5.5
4.7
0.8

7.1
6.2
5.2
0.9

6.9
6.9
5.8
1.1

6.9
7.8
6.5
1.4

6.9
9.3
7.7
1.6

13

50.2

52.8

57.5

63.3

72.9

81.7

91.5

103.2

14
15
16
17
18
19

44.6
29.0
10.3
5.3
1.0
4.3

47.6
30.5
11.2
5.9
1.0
5.0

51.6
32.4
12.5
6.7
1.0
5.7

56.8
35.4
14.3
7.1
1.1
6.1

65.4
39.8
17.2
8.4
1.2
7.2

73.3
44.9
18.2
10.2
1.3
8.8

82.1
49.9
20.2
12.1
2.1
10.0

92.2
55.4
23.2
13.5
2.2
11.3

Credit market instruments
Mortgages
Bank loans n.e.c.
Other loans
U.S. government
Fed. Inter. Credit Banks

14
15
16
17
18
19

20

5.5

5.2

5.9

6.5

7.5

8.3

9.3

11.0

Trade

20

21
22
23

243.3
230.7
12.5

248.3
235.3
13.0

267.0
252.9
14.1

303.4
287.2
16.2

381.7
360.8
20.9

419.8
395.8
23.9

468.7
440.5
28.2

540.0
505.8
34.2

Total

7
financial

assets

8

Checkable dep. 8 currency
Miscellaneous assets
Insurance receivables
E q u i t y in s p o n s . a g s . ( 2 )
Total

liabilities

9
10
11
12
13

debt

Net worth
Noncorporate
Corporate

21
22
23

(1) C o r p o r a t e and n o n c o r p o r a t e f a r m s .
( 2 ) S h a r e s in F e d e r a l I n t e r m e d i a t e C r e d i t
and F e d e r a l Land B a n k s .

Banks

Memo:
24

217.1

224.5

240.9

B.103

268.7

Nonfarm

329.2

Noncorporate

369.5

421.0

499.8

Total

real

estate

24

assets

Business

851.8

Total

356.5

385.5

430.3

496.9

574.0

652.7

706.2

771.9

Tangible

3
4
5

296.9

6

275.7
158.5
98.8
18.3

3 3 1 .9
189. 1
121.1
21.7

382.9
224.3
134.6
24.0

439.1
257.8
154.0
27.3

497.4
288.4
179.5
29.6

536.5
313. 1
196.1
27.3

581.0
343.7
209.3
27.9

7

80.9

88.6

98.4

114.0

135.0

155.3

169.7

190.9

8

31.1

32.4

39.6

46.1

64.3

69.2

71.1

79.9

9

12.5

12.5
3.0
0.9
3.7
1.9

12.5
4.6
1. 1
3.6
3.0

17.3
7.8

17.8

0.5
3.7
0.3

12.5
1.4
0.7
3.8
0.7

16.9

11

21.2

19.8
9.5
1.5
4.3
4.2

22.0

Checkable dep. 8 currency
Time deposits
U.S. government securities
Consumer credit
Mortgages
Trade credit

9
10
11
12
13
14

18.6

Miscellaneous assets
Insurance receivables
E q u i t y in s p o n s . a g s .
Other

15
16
17
18

10

12
13
14

8.1

168.6

109.2
19.1

6.6

6.0

15
16
17

6.7
6.5

5.8

0.2

0.2

18

8.1
9.5
7.3

0.2

2.0

8.8

12.5
8.3

0.2

4.0

6.2
1.2

1.2

3.9
3.3

4.0
3.4
20.4

14.2
9.2

15.1

18.6

8.1
1.3
4.0
3.3

0.2

10.2
0.2

4.7

4.7

15.4
11.5
0.3
3.7

13.5
0.4
4.8

assets

Land
Total

93.8

106.5

129.3

163.3

199.9

241.3

260.7

286.9

121.6

172.3
116.4
23.6

23
24

42.5
4.3

151.4
114.5
19.7
70.6
24.3

208.1

21

101.5
70.0
12.9
48.8
8.3

140.9
26.6
87.4
26.9

225.0
152.4
28.5
87.8
36.0

246.5
164.1
30.5
92.7
40.9

25

12.1

36.0
31.2

37.7
35.0

40.4
42.1

5.5

6.6

7.8
22.3

Taxes
Trade

10.4

Miscellaneous

10.8

26

18.7

11.7
19.7

88.3
15.8
58.0
14.5

12.6
20.7

1.0

27

28

5.2

4.8

4.4

0.3

0.3

2.3

13.7
23.2
2.5
5.1

80.6
12.1

28.6
27.3
4.0
17.7

20.1

20.6

564.9
(3) Shares

31
Data

298.4
are

322.8

in

of

billions




dollars.

362.1

664.6

Total

assets

8

(3)

liabilities

Credit market instruments
Mortgages
Home mortgages
Multifamily
Commercial
Bank loans n.e.c.
Other loans
payable
debt

Net

Banks

real

for

23
24
25

26
27

28
liabilities

worth

in

Memo:
Total

3
4
5
6
7

financial

88.4
57.6

20

2

Reproducible assets
Residential structures
Nonres. plant 8 equipment
Inventories

Cooperatives.

estate

M a r c h 10, 1993
F a r m and N o n f a r m

Year-End

Noncorporate

Business

30

Farm

B.102-B.103

Balance

Sheets

of

Unincorporated

1 Total

assets

1978

1979

Business

1981

1982

1983

Outstandings

1984

(1 )

7 1 1 .5

8 3 7 .5

9 6 7 .8

1067.6

1 0 7 3 .2

1 0 4 3 .6

1 0 5 2 .1

9 5 0 .4

1

8 1 7 .4

9 4 5 .5

1043.4

1 0 4 7 .1

1 0 1 5 .6

1 0 2 2 .6

9 2 0 .6

2

240
44
120
75

278
50
136
92

309
55
156
97

349
65
184
100

3
4
5
6

Land

7
8

4 5 3 .2
1 8 .1
7 .0
11 . 1
9 .2
.9
1.

Total

9
10
11
12

assets

financial

assets

Checkable dep. 8 currency
Miscellaneous assets
Insurance receivables
E q u i t y in s p o n s . a g s . C 2 )

13 T o t a l

liabilities

.9
.0
.9
.9

339.7
60.3
174.5
104.9

351
63
186
101

5 3 8 .7

6 3 5 .7

703.8

6 9 5 .4

6 5 9 .3

667,.6

5 7 0 .8

7

2 0 .2

2 2 .2

24.2

2 6 .. 1

2 8 .0

2 9 ..4

2 9 .7

8

7 .1
13,.0
10,.9
2..1

7 .3
14 .9
12 .4
2..5

7.4
16.8
13.7
3.1

7,.6
18,.5
14..8
3..7

7,.8
2 0 ,.2
16..1
4.. 1

8 .. 1
2 1 ..3
17.,1
4.,2

8 .3
9
21,.4 10
17., 1 11
4.,3 12

Net worth
Noncorporate
Corporate

355
64
187
103

.0
.5
.3
.2

.9
.0
.0
.9

1 3 6 ..6

162..5

178.7

1 9 5 ..4

2 0 3 ..1

206. 5

204. 4

13

1 2 2 ..2
72..8
2 8 .,2
2 1 .,2
7.,0
14. 2

145,.7
8 6 ..8
31,.0
27,.9
10,.4
17..5

161.5
97.5
31.6
32.4
13.0
19.4

1 7 7 ..8
1 0 7 ..2
3 2 ..9
3 7 ..6
16.,4
2 1 .,2

184. 5
1 1 1 .,3
3 6 ., 1
3 7 .,0
16.,7
20. 4

188. 4
113. 7
38. 9
35. 7
16. 7
19. 0

187, 9
1 1 2 .,4
3 9 .,9
35. 6
17. 8
17. 8

14
15
16
17
18
19

14. 4

16..8

17.2

17. 6

18. 6

18. 1

16..5 2 0

701. 0
653. 4
47. 5

8 0 5 ..3
7 4 9 ..1
5 6 .,2

888.9
825.8
63.1

877. 8
815. 1
62. 7

840. 5
780. 4
60. 1

845. 6
784. 6
61. 0

7 4 5 .,9 21
6 9 3 .. 1
52. 8 23

850.1

851.7

(1) C o r p o r a t e and n o n c o r p o r a t e f a r m s .
( 2 ) S h a r e s in F e d e r a l I n t e r m e d i a t e C r e d i t
and F e d e r a l Land B a n k s .

Banks

estate

B.103

3
4
5
6

.3
.3
.4
.6

1 0 5 ..9
6 3 ..9
2 5 ..7
16.,3
3. 5
12. 8

debt

assets

Tangible

356
64
188
103

767.8

Trade

1 Total

.7
.4
.9
.4

592. 5
553. 7
38. 8

20

real

.7
.0
.6
.1

1 3 ..0

Credit market instruments
Mortgages
Bank loans n.e.c.
Other loans
U.S. government
Fed. Inter. Credit Banks

Memo:
Total

.2
.5
.6
.2

1 1 8 ..9

14
15
16
17
18
19

Nonfarm

Noncorporate

Business

1 1 2 3 .7

assets

869.0

1 3 3 8 .3

1 5 5 8 .9

1 7 8 0 .1

1 9 0 1 .1

2 0 4 2 .9

2252.1

1

1 0 0 6 .5

1 1 9 9 .4

1 4 1 1 .1

1 5 8 7 .9

1 7 0 3 .3

1 8 1 2 .3

1973.6

2

1033
638
359
35

1158
708
415
34

1210
731
444
34

1252
758
459
34

1322.2
794.6
490.2
37.4

3
4
5
6

Reproducible assets
Residential structures
Nonres. plant 8 equipment
Inventories

654.3
392.3
232.5
29.5

753
453
267
32

Land

7

214.8

2 5 2 .7

3 0 5 .6

3 7 7 .7

4 2 9 .1

4 9 2 ..5

5 6 0 .2

651.5

7

96.6

1 1 7 .2

1 3 8 .9

1 4 7 .8

1 9 2 .2

197..8

2 3 0 .6

278.5

8

22.4

2 5 .6
15,.5
3,.2
4,.3
8 ..1
31..5

28
21
2
4
11
34

2 9 ..1
18..9
0.,5
9..6

3 6 .1
21,.8
0,.6
13,.7

324.5

3 7 9 ..0

278.6

326. 5
205. 0
36. 5
111. 8
56. 7

46.4
51.4
8.9
23.8

Total

financial

assets

9
10
11
12
13
14

Checkable dep. 8 currency
Time deposits
U.S. government securities
Consumer credit
Mortgages
Trade credit

15
16
17
18

Miscellaneous assets
Insurance receivables
E q u i t y in s p o n s . a g s .
Other

19 T o t a l
20
21
22
23
24

27
28

Taxes
Trade

29

Miscellaneous

Memo;
Total

Data

are

in

real
in

26.2

893
547
310
35

.8
.8
.5
.5

.3
.3
.8
.5
.0
.9

31
24
2
4
12
36

.4
.4
.7
.3

. 1
.2
.6
.4
.2
.5

33
34
3
4
20
40

.8
.7
.3
.8

.3
.7
.3
.4
.3
.9

.8
.8
.9
. 1

. 1
.1
.6
.4

36,.8
38,. 1
3,.2
4,.5
2 5 ..0
4 8 .5

45
51
6
5
29
55

.0
.7
.0
.1
.3
.3

49.8
65.1
5.5
5.5
39.3
61.8

9
10
11
12
13
14

liabilities

Banks

of

0.4
7.4

4 1 ,,8
2 8 ..4
0..9
12..5

38
23
0
13

. 1
.8
.8
.5

51.6
34.8
0.9
15.9

15
16
17
18

180.8

33. 1
100.9
46.8

5 5 .3
2 6 .3
0 .8
2 8 ,.1

4 5 5 ,.8

5 2 2 ..7

5 8 0 ,.5

666. 6

7 6 6 ,.2

916.0

19

3 9 2 ..0
2 4 7 ..2
4 2 ..0
121 .
.4
8 3 .,7

4 4 7 ..8
292. 8
4 9 .,4
1 2 8 ..7
114. 8

4 9 2 ..2
3 1 6 .. 1
55. 5
1 2 8 ,.2
1 3 2 .,4

5 6 2 .,0
391 . 1
,
6 5 ,,6
131 .5
194. 0

6 4 5 ..8
4 6 4 .. 1
9 4 ..6
1 4 5 ..0
2 2 4 ..4

769.0
552.3
102.2
169.3
280.8

20
21

59. 6
61. 9

72. 8
72. 0

75. 3
79. 7

85. 5
90. 6

76. 0
94. 9

7 5 ..5
1 0 6 .,3

92.4
124.4

25
26

10. 0
25. 6

12. 8
31. 7

15. 3
36. 4

13. 7
41. 6

15. 2
45. 3

17., 1
45. 8

18.2
51.5

27
28

17. 0

19. 3

23. 1

33. 1

44. 0

57. 5

77.4

29

882. 5

1036. 2

1199. 5

1234. 5

1276. 6

1336.1

30

1041. 0

1234. 3

1390. 5

1495. 3

1595. 6

1740.5

31

23
24

Cooperatives.

estate

billions




for

16.0

36,.8
2 4 ..3
0..8
11 .7

871. 0

payable
debt

worth

(3) Shares

2.4
4.1
5.5

.8
.8
.3
.6

744. 7

liabilities

Bank loans n.e.c.
Other loans

30 Net

12.1

23.9
(3)

Credit market instruments
Mortgages
Home mortgages
Multifamily
Commercial

25
26

31

1980
Farm

Business

6 9 3 .4

Tangible

3
4
5
6

8

Noncorporate

Reproducible assets
Residential structures
Nonres. plant 8 equipment
Inventories

2

2

Nonfarm

Year-End

B. 102

24

and

Business

Outstandings

1977

21
22
23

Nonfinancial

dollars.

M a r c h 10, 1993
F a r m and N o n f a r m

Noncorporate

B.102-B.103
Year-End

Farm

Business
Balance

Sheets

of

Unincorporated

Nonfinancial

and

Nonfarm

Year-End

1987

1

1988
B.102

Farm

1989
Business

1990

1991

1992

909.4

Total

774.9

816.8

840.9

864.6

870.8

858.8

858.1

Tangible

340.6
65.5
178.5
96.6

331.5

330.9
69.3
170.7
90.9

331.4

174.2
90.5

167.9
95.4

335.7
70.2
169.1
96.3

335.4
72.4
168.3
94.6

328.2
73.9
163.8
90.5

327.9
75.0
158.5
94.4

490.1

443.4

485.9

509.4

529.0

535.5

530.5

530.3

33.3

37.6

39.5

42.8

44.9

48.3

51.3

51.3

9.0
24.3
20.4
4.0

9.9
29.6
.26.7
3.0

10.4
32.4
29.4
3.0

10.4
34.5
32.4

10.8

11.8

27.6
24.2
3.4

37.5
35.5

39.5
37.3

13.0
38.3
36.2
2.1

188.0

166.5

154.9

152.4

150.8

150.6

151.0

152.7

156.6
95.8
31.2
29.6

13.9

18.0
11.6

13.3
7.6

139.2
85.3
30.8
23.1
13.6
9.5

140.5
84.0
32.9
23.6
13.8
9.8

138.8
83.2
34.6

19

145.5
88.9
29.1
27.6
17.7
9.9

137.6

17

173.4
105.9
35.5
32.1

11.2

139.7
83.7
34.7
21.4
9.5
11.9

14.6

9.9

9.4

14.8

11.6

10.2

12.2

12.9

676.0
627.7
48.2

646.0
599.3
46.7

7 0 1 .4
648.7
52.7

731.3
675.5
55.7

758.7
699.9
58.8

768.5
707.9

759.1
698.6
60.5

812.5

9

10
11
12

14
15

16
16

18.2

21
22
23

10.1

68.1

86.8
29.8

21.0

2.2

2.0

60.6

2.2

21.1

9.8

assets

1

assets

2

Reproducible assets
Residential structures
N o n r e s . plant & e q u i p m e n t
Inventories

7
financial

assets

Nonfarm

Noncorporate

Checkable 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 s . ( 2 )
Total

liabilities

Trade

Total

21
22
23

2 4 8 8 .8

2 6 8 6 .3

2 8 4 3 .5

3 0 1 7 .9

3 2 1 5 .5

3 1 7 3 .8

3 0 8 4 .6

2 9 6 6 .8 T o t a l

2 3 2 9 .0

2 4 7 2 .0

2 6 0 5 .7

2 7 7 6 .0

2 7 2 4 .0

2 6 2 5 .0

2 5 0 5 .9 T a n g i b l e

3
4
5
6

1410
842
528
39

1496
892
565
38

1595
953
600
42

1658
963
649
45

1751
1010
692
48

1818
1044
724
49

1846
1067
729
49

1872
1091
731
50

.0
.5
.2
.3

.6
.7
.2
.8

.0
.5
.1
.4

.5
.3
.6
.6

.9
.6
.0
.3

7

7 5 9 .9

8 3 2 .7

8 7 6 .3

9 4 7 .8

1 0 2 4 .4

9 0 6 .0

7 7 8 .5

6 3 3 .0

3 1 8 .3

3 5 7 .4

3 7 1 .5

4 1 2 .1

4 3 9 .5

4 4 9 .8

4 5 9 .6

4 6 0 .9 T o t a l

.5

77
95
7
6
43
92

.5
.3
.0
.9
.3
.3

8 1 .8
103 .9
8 .4
6 .9
41 .
.1
99,.9

8 1 .3
104 .7
9 .4
7 .1
38 .5
104,.8

8 2 .3
104,. 1
10 .8
7 . 1
35..3
110,.4

83
98
12
7
31
116

8 1 .0
5 1 .7
0 .7
28,.5

89
56
0
32

.8
.6
.7
.5

97,.5
60,.4
0..8
36..3

104 .0
63 .5
0 .6
40,.0

109,.7
66..1
0..6
4 3 .0

111 .3
67 .8
0 .6
42..9

61
76
5
5
44
65

15
16
17
18

5 9 .0
3 9 .6
0,.8
18 5

.3
.6
.8
.9
.0
.9

67
87
6
6
46
72

.3
.8
.9
.2
.7
.2

70,.3
4 5 .0
0..8
2 4 ,.5

69
86
6
6
41
80

.8
.0
.5
.5

.4
.7
.2
.6
.3
.4

1 2 4 5 ..6

1329,.9

1 4 0 2 ..2

1442,.0

1 4 2 8 ..9

1411..4 T o t a l

9 9 9 ..7
7 3 9 .,6
119. 4
230. 5
3 8 9 .,7

1 0 6 1 ,,2
776. 5
1 2 6 ..1
253. 6
3 9 6 ..9

1 1 2 7 ..1
814. 6
132..5
269. 6
412. 5

1 1 7 7 .,5
8 5 0 .,2
138. 7
286. 7
424. 9

1 2 0 4 ..2
8 6 5 ..7
144..7
287. 4
4 3 3 ..6

1180. 6
8 5 7 ..3
149. 3
286. 1
421. 9

1146,.4
8 2 8 ..1
156..5
277. 2
394. 5

25
26

98. 5
137. 2

110. 5
149. 7

1 1 6 ..6
1 6 8 ..1

1 2 1 ..0
191. 5

123, 6
203. 7

126. 5
212. 0

112. 2
211. 1

107. 6
2 1 0 ..6

27
28

21. 6
56. 9

2 3 .,3
6 1 .,1

23. 9
6 8 ..6

26. 8
72. 8

31. 4
79. 8

32.,0
8 3 ..0

32. 5
85. 2

33..1
92..9

29

85. 7

88. 9

9 1 ..9

1 0 3 ..3

113. 6

1 2 2 .,9

130. 7

139..0

Data

are

in

billions




of

dollars.

2188.9

7
financial

assets

8

15
16
17
18

1 1 7 3 .,0

2062.7

3
4
5
6

Miscellaneous assets
Insurance receivables
E q u i t y in s p o n s . a g s .
Other

8 9 9 .,0
6 6 3 ..3
112. 5
197. 9
352. 8

1920.8

2

12
13
14

1 0 6 3 ., 1

(3)

liabilities

Credit market instruments
Mortgages
Home mortgages
Multifamily
Commercial
Bank loans n.e.c.
Other loans
Taxes
Trade

payable
debt

Miscellaneous

1555.4 Net
(3) Shares

1

assets

Checkable dep. 8 currency
Time deposits
U.S. government securities
Consumer credit
Mortgages
Trade credit

19

18l3.3

assets

Land

20
21
22
23
24

31

estate

Reproducible assets
Residential structures
N o n r e s . plant 8 equipment
Inventories

8
9
10
11
12
13
14

Banks

Business

2 1 7 0 .5

.8
.0
.8
.0

14
15
16
17
18
19

debt

real

1

.2
.3
.5
.4

9
10
11
12
13

Credit market instruments
Mortgages
Bank loans n.e.c.
Other loans
U.S. government
Fed. Inter. Credit B a n k s

2

.5
.6
.3
.6

8

756.8 Net worth
695.9
Noncorporate
60.9
Corporate

705.1

3
4
5
6

Land
Total

(1) C o r p o r a t e and n o n c o r p o r a t e f a r m s .
( 2 ) S h a r e s in F e d e r a l I n t e r m e d i a t e C r e d i t
and F e d e r a l L a n d B a n k s .

B.103

Outstandings

CI)

830.6

66.8

Business

^ 1

Outstandings

1985

Noncorporate

Business

Memo:
2165.5 Total

real

19
20
21
22
23
24
25
26
27
28

liabilities

worth

in B a n k s

9
10

29

30
for C o o p e r a t i v e s .

estate

March

10,

Nonfarm

1993

Nonfinancial

Corporate

Business

^ 2

B.104

Nonfarm
Balance

Sheet

of

Nonfarm

Nonfinancial

Corporate

Nonfinancial

Corporate

Veai—End

1948
1 Total
2

assets

7

cost)

financial

assets

9
10
11
12
13
14
15
16
17

Liquid assets
Checkable dep. 8 currency
Time deposits
M o n e y market fund shares
Security RPs
Foreign deposits
U.S. government securities
Tax-exempt securities
Open-market paper

18
19
20
21
22
23
24
25

Consumer credit
M u t u a l fund shares
Trade credit
Miscellaneous assets
F o r e i g n direct invest. CI)
Insurance receivables
E q u i t y in s p o n s . a g e n c i e s
Other

26

Total

27
28
29
30
31
32
33

242.9

287.2

313.6

321.3

369.6

408.7

428.6

1

136.8

175.7

211.3

232.2

236.0

267.5

298.7

313.1

2

115.6
0.9
84.6
30.0

146.5
103.3
42.1

174.8
1.3
124.6
48.9

194.9
1.4
139.2
54.2

198.0
1.6
147.3
49.1

225.1
1.8
162.7
60.6

252.0
1.9
180.0
70.2

265.1
1.9
191.9
71.3

3
4
5
6

29.2

36.6

37.3

38.1

42.4

46.6

47.9

7

67.2

75.9

81.4

85.3

102.1

110.1

115.5

8

38.7
19.0
0.9

33.6
19.5
0.9

35.2
21.4
0.9

36.3
21.9
0.9

39.3
22.9
0.9

43.8
24.2
0.9

46.4
25.9
0.9

46.3
26.6
0.9

9
10
11

18.5
0.3

12.8

0.1
17.9
0.7
0.1

0.1
18.7
0.8
0.1

0.1
17.6
0.8
0.2

13
14
15
16
17

1.1

0.1

0.1

0.3

12.3
0.4

3.2

0.1

12.9
0.5
0.2

14.7
0.5
0.3

-

4.6

7.7
7.0
0.7

5.3

5.8

5.6

7.7

27.1
9.1

29.2
10.6
9.3
1.2

28.3
11.9
10.4
1.4

39.6
13.0
11.4
1.4

41.5
14.5
12.6
1.5

0.1

22.1

19.4
7.5
7.0
0.4

0.1

0.2

0.3

8.1

1.0

0.1

7 . 1 18
19
45.9 20
1 6 . 3 21
14.3 22
1.7 23
24
0.4 25

69.8

79.1

91.9

100.8

100.5

123.6

138.0

143.7

26

49.4

56.6

62.9

65.1

72.1

81.3

23.9

27.7
11.3
0.7
2.5

6.3

24.9
9.9
0.5
2.3
7.1

32.0
12.7
0.9
2.7
9.1

34.9
13.9
1.0
2.8
10.0

36.5
15.4
1.6
3.3
10.5

39.8
16.8
1.7
3.5
11.7

88.2
44.5
17.9
1.9
3.7
12.3

27
28
29
30
31
32
33

8.9

12.5

15.5

16.1

14.2

17.9

22.1

0.1
0.1

0.1

0.2

1.3

1.3
0.5

0.5

0.2
0.2
1.2
0.5

0.2
0.3
1.2
0.6

0.3
0.3
1.3
0.6

22.9
0.3
0.3
1.6
0.7

34
35
36
37
38
39

17.4
35.3
2.8
2.8
-

40
41
42
43
44

8.6
0.3

2.1

Tax?: payable
T r a d e cebt
Miscellaneous liabilities
F o r e : p n d i r e c t i n v . in U S
P e n . fund c o n t r . p a y a b l e
Net

1952

43.6

Bank loans n.e.c.
Loanu 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. 'overnment loans

40
41
42
43
44
45

liabilities

Credit market debt
T a x - e x e m p t debt (2)
C o r p o r a t e bonds (1)
Mortgages
Home mortgages
Multifamily
Commercial

.\4
35
36
37
38
39

1951

68.8

(current

Land
Total

1950

205.6

assets

Reproducible assets
Residential structures
Nonres. plant 8 equipment
Inventories

8

1949

Outstandings

21.2

Tangible

3
4
5
6

Business

Business

0.2

0.6
10.1

8.1

8.2

0.2

1.2

10.3
23.4
1.6

0.2
0.2
1 . 1
0.6

1.5
1.5

8.8
24.7
1.9
1.9

16.1
33.1
2.3
2.3

20.5
33.6
2.6
2.6

220.8

246.0

270.7

284.9

45

153.0

1.6

11.1
25.0
1.7
1.7

212.8

20.1

14.6
1.5
1.5

160.2

46

-

worth

( 1 ) C o r p o r a t e b o n d s i n c l u d e net i s s u e s by N e t h e r l a n d s A n t i l l e a n
subcidiaM.
a.- d U . S . f o r e i g n d i r e c t i n v e s t m e n t i s b e f o r e
s u b t r a c t i n g r ef 2 DUV, of c a p i t a l f r o m N e t h e r l a n d s A n t i l l e a n
subsidiaries' M r : i 9 n financing.
(2) Industrial revenue "onds.
Issued by s t a t e and l o c a l
g o v e r n m e n t s to f i n a n c e p r i v a t e i n v e s t m e n t a n d s e c u r e d in
i n t e r e s t a n d p r i n c i p a l b y t h e i n d u s t r i a l u s e r of t h e f u n d s .
Memo:
46

Total

corp.

real

estate

78.7

M a r k e t v a l u e of e q u i t i e s ,
47
including corp.farm equities
48
49
50

Debt-net worth ratio (27/45)
Dent-equities ratio (27/47)
R a t i o of m a r k e t v a l u e
to n e t w o r t h ( 4 7 / 4 5 )

Tangibles
51

Total

52

Tangible

and

assets

net

worth

on

83.2

32.1%
49.7%

30.1%
59.3%

64.6%

50.8%

167.8

138.3
28.9%

66.6%

29.5%
75.0%

29.4%
70.6%

29.3%

61 .8%

149.9

47

30.0%
58.7%

30.9%
58.8%

48
49

basis:

worth

(4)

236.4

247.4

285.7

317.7

338.1

51

138.0

155.0

162.1

183.7

207.6

222.6

52

95.2

113.8

26.3

157.4
1.1
111.0
45.3

178.8

75.4
37.5

132.5
0.9
87.0
44.6

150.0

68.2

202.5
1.3
136.4
64.8

217.4
1.3
150.1
66.0

53
54
55
56

4.2

5.5

5.1

4.7

4.9

5.1

5.2

57

97.9

Land

213.8

117.9

3.8

57

185. 1

99.0

assets

Reproducible assets
Residential structures
Nonres. plant 8 equipment
Inventories

(3) Lines
(4) Lines

87.8

historical-cost

(3)

53
54
55
56

f-8 N e t

98.4

106.0

121.9

135.6

146.9

162.1

179.7

194.4

58

0.8

0.8

1.0

100.1
48.9

1.2

122.5
55.1

8 + 52.
51 - 2 6 .

Memo:
59

Total

60

Debt-net

Data

are

real

in

estate

worth

billions




42.4

ratio
of

(27/58)
dollars

45.3

49.8

53.4

56.8

61.0

66.6

72.4

59

44.5%

46.5%

46.4%

46.4%

44.3%

44.5%

45.2%

45.3%

60

March

10,

Nonfarm

1993

Nonfinancial

Corporate

Business
B.104

Year-End

Nonfarm
Balance

Sheet

of

Nonfarm

Nonfinancial

Corporate

Nonfinancial

Year-End

1954

1955

1956

1957

1958

1959

1

446.6

460.3

509.5

557.3

587.6

607.6

641.2

657.4

Total

328.0

336.3

368.0

410.8

436.6

445.1

463.5

476.8

Tangible

3

6

278.2
2.0
203.1
73.1

286.3
2.0
212.5
71.7

313.3
2.1
231.7
79.4

349.0
2.2
259.3
87.5

370.8
2.3
279.2
89.3

377.3
2.6
287.9
86.8

395.3
2.9
299.7
92.7

406.6
3.2
307.8
95.6

7

49.9

50.0

54.7

61.8

65.8

67.8

68.3

70.2

8

118.5

124.0

141.4

146.4

151.0

162.5

177.6

180.5

9
10

48.0
26.6
0.9

48.4
28.3
1.1

53.4
29.3
1.0

48.9
29.0
1.0

48.5
29.0
1.0

51.0
30.1
1.9

56.2
29.2
1.5

51.4
28.2
3.0

14
15

0.1
19.2
1.0

0.2
17.5
1.0

0.1
21.6
1.2
0.2

0.1
17.1
1.3
0.3

0.1
16.4
1.5
0.4

0.1
16.7
2.0
0.2

0.1
22.8
1.8
0.7

0.1
16.9
2.4
0.8

18
19
20
21
22

7.3

7.7

8.3

8.6

8.7

8.8

10.1

9.6

45.0
18.2
15.7
1.8

48.4
19.6
17.0
1 .9

58.0
21.6
18.7
2.0

63.8
25.1
21.7
2.4

65.4
28.4
24.5
3.0

71.8
30.9
26.4
3.5

1.0

0.9

0.9

77.4
34.0
28.8
4.1
0.1
1.1

82.3
37.2
30.7
4.7
0.1
1.8

0.7

0.7

0.9

26

148.9

152.9

174.4

188.2

197.8

207.9

226.2

238.6

27

92.8

97.6

106.2

117.1

127. 1

135.8

146.3

157.2

29
30
31
32
33

48.0
19.1
2.1
3.8
13.2

51.5
20.8
2.4
4.2
14.2

54.6
22.8
2.6
4.4
15.8

58.0
24.9
2.6
4.4
17.9

64.1
27.0
2.7
4.5
19.7

69.7
30.1
3.0
4.8
22.3

72.8
33.4
3.2
5.0
25.2

76.2
36.9
3.4
5.2
28.4

34

22.4

21.7

25.6

30.7

31.9

31.5

35.3

0.4
0.6
2.4
0.7

0.7
0.6
2.4
0.8

0.3
0.6
3.1
0.8

16.8
50.3
4.0
4.0

14.6
51.8
4.2
4.2

12.0
55.5
4.5
4.5

14.2
60.8
4.9
4.9

12.6
63.7
5.2
5.2

369.1

389.8

399.7

415.0

418.8

40
41
42
43
44

18.0
35.0
3.1
3. 1

0.4
0.3
1 . 9
0.7

14.8
37.3
3.3
3*3

18.4
46. 1
3.6
3.6

307.4

335.1

-

~

45

297.6

1

assets

(current

cost)

Land
Total

2
3
4
5
6
7

financial

assets

8

Liquid assets
Checkable dep. 8 currency
Time deposits
Money market fund shares
Security RPs
Foreign deposits
U.S. government securities
Tax-exempt securities
Open-market paper

9
10
11
12
13
14
15
16
17

Consumer credit
M u t u a l fund s h a r e s
Trade credit
Miscellaneous assets
F o r e i g n direct invest. (1)
Insurance receivables
E q u i t y in s p o n s . a g e n c i e s
Other

18
19
20
21
22
23
24
25

0.8
0.8
4.1
0.9

0.5
0.6
1 .6
0.8

assets

Reproducible assets
Residential structures
Nonres. plant 8 equipment
Inventories

37.4

0.4
0.5
1.9
0.7

0.4
0.4
1 .6
1.0

Outstandings

1960

2

11

Business

^ ^

Outstandings

1953

5

Corporate

Business

Total

liabilities

26

Credit market debt
T a x - e x e m p t debt (2)
Corporate bonds (1)
Mortgages
Home mortgages
Multi family
Commercial

27
28
29
30
31
32
33

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

34
35
36
37
38
39

Taxes payable
Trade debt
Miscellaneous liabilities
F o r e i g n d i r e c t i n v . in U S
P e n . fund contr. payable

40
41
42
43
44

Net

worth

45

( 1 ) C o r p o r a t e b o n d s i n c l u d e n e t is:sues b y N e t h e r l a n d s A n t i l l e a n
s u b s i d i a r i e s , and U . S . f o r e i g n d i r e c t i n v e s t m e n t is b e f o r e
s u b t r a c t i n g r e f l o w s of c a p i t a l . f r o m N e t h e r l a n d s A n t i l l e a n
subsidiaries' foreign financing.
(2) Industrial revenue bonds.
Issued by s t a t e and local
g o v e r n m e n t s to f i n a n c e p r i v a t e i n v e s t m e n t a n d s e c u r e d in
i n t e r e s t a n d p r i n c i p a l b y t h e i n d u s t r i a l u s e r of t h e f u n d s .
Memo:
46

166.6

170.8

185.4

206.1

218.2

224.3
Market
342.1

230.0
value

234.8

of e q u i t i e s
361.3

Total

corp.

47

144.8

216.0

269.2

289.2

242.5

48
49

31.1%
64.1%

31.7%
4 5 . 1%

31.6%
39.4%

31.7%
40.4%

32.6%
52.4%

50

48.6%

70.2%

80.3%

78.3%

62.2%

51

357.3

373.3

411.9

442.1

467.4

491.6

528.3

550.7

Total

52

238.8

249.3

270.5

295.7

316.4

329.1

350.6

370.1

Tangible

53
54
55
56

233.4
1.4
164.6
67.4

243.8
1 .4
176.9
65.5

264.5
1.5
190.1
73.0

289.3
1.6
207.2
80.6

309.7
1.7
225.6
82.3

321.8
2.0
237.9
81.9

342.9
2.3
252.2
88.4

362.0
2.6
267.8
91.6

33.9%
39.6%
R a t i o of
85.5%

Tangibles

35.2%
40.4%
market value
87.0%

and 1 n e t

worth

real

estate

46

,
354.1
37.5%
44.3%
84.5%

on

including

corp.farm

to

net

worth

historical-cost

57

5.3

5.5

5.9

6.3

6.7

7.3

7.7

8.1

58

208.4

220.4

237.5

254.0

269.6

283.7

302.1

312.1

equities

Debt-net worth ratio (27/45)
Debt-equities ratio (27/47)
(47/45)

50

basis:

assets

(3)

51

assets

52

Reproducible assets
Residential structures
Nonres. plant 8 equipment
Inventories
Land
Net

47
48
49

53
54
55
56
57

worth

(4)

58

(3) Lines 8 + 5 2
(4) L i n e s 5 1 - 2 6.
Memo:
59

78.8

84.8

91.3

100.2

109.1

116.4

123.3

130.9

Total

60

44.5%

44.2%

44.7%

46.1%

47.1%

47.8%

48.4%

50.3%

Debt-net

in

of

Data

are

billions




dollars.

real

estate

worth

ratio

59
(27/58)

60

M a r c h 10- 1 9 9 3
Nonfarm Nonfinancial

Year-End

Corporate

Business
B.104

34

Nonfarm
Balance

Sheet

1 Total

(current

cost)
1

Land
Total

1962

1963

1964

1965

1967

1968

1 0 2 0 ,.8

715.2

752,.3

7 9 7 .5

8 6 9 .5

9 4 8 .0

1127 . 1

1

490.5

509.9

5 3 1 .5

5 6 2 .1

6 0 6 .5

6 7 0 ,.4

725 . 1

798 . 1

2

416.7
3.6
315.2
97.8

433.2
4.3
326.1
102.8

4 5 1 .7
5 .1
3 3 7 .9
108..7

4 7 7 ..6
6 .0
3 5 5 .8
115..8

515
6
383
125

5 7 3 .2
7,.9
4 2 2 .9
142,.3

6 2 1 ..1
8 .6
4 6 0 .0
1 5 2 .4

684
10
508
165

3
4
5
6

.7
.9
.6
.2

. 1
.4
.8
.0

76.7

7 9 .8

8 4 ..5

9 0 .8

97,.2

1 0 4 .0

1 1 4 .0

7

205.3

2 2 0 ..8

2 3 5 ..5

2 6 3 ..0

2 7 7 ,.7

2 9 5 .7

3 2 8 .9

8

54.8
31.7
4.1

57.9
34.6
5.0

.3
61 .
33..4
5..7

61..7
32..7
6..7

6 3 .2
33,.1
9..0

61,.3
32..4
8 ..6

6 8 .6
37,.5
9,.1

0.2
15.3
2.4
1.1

0.8
13.6
2.7
1.3

0..7
16..7
3..8
1..0

0..3
1.,1
15.,5
3..7
1..7

0..6
0,.8
13..8
4..6
.4
1.

0..9
0.,9
12.. 1
3.,6
2..9

1. 1
.
.6
1.
10..4
3..8
5..1

9
10
11
12
13
14
15
16
17

9.6
88.3
40.5
33.4
5.1
0.1
1.9

10.4
0.2
92.8
44.0
35.8
5.7
0.1
2.4

11.,3
0.,2
9 9 ., 1
48. 8
39.
6..0
0., 1
3..6

12..3
0..3
1 0 7 .,6
5 3 .,6
4 2 ..6
6..4
0..1
4.,6

13..2
0..3
1 2 0 ..9
65..4
5 3 ,.2
6..8
0..1
5..4

13..4
0.,4
1 3 3 ..3
6 9 ..2
5 5 ..9
7,.3
0.. 1
5.,8

13.,7
0..6
,6
141 .
76. 7
61. 8
8 ..0
0.,1
6..7

13..8
0.,8
160.. 1
8 5 ..6
67,.4
8..8
0..2
9,.2

18
19
20
21
22
23
24
25

271.1

2 9 3 ..8

3 1 5 ..4

3 4 9 ..8

3 8 4 .,8

4 1 3 .,5

.3 2 6
461 ,

180.4

1 9 3 ..6

2 0 7 ..3

2 2 7 ,. 1

2 5 2 ., 1

2 7 6 ..9

80.6
41.3
3.6
5.4
32.3

liabilities

Credit market debt
Tax-exempt debt (2)
Corporate bonds (1)
Mortgages
Home mortgages
Multi family
Commercial

84.6
46.4
3.9
5.7
36.7

8 8 .,4
5 2 .,1
4..3
6.,1
4 1 .,6

9 2 ..4
5 5 .,9
4..8
6.,6
4 4 ..6

9 7 ..3
5 8 .,9
5..2
7,.0
4 6 ..8

107, 5
63. 5
5. 5
7. 3
50. 6

1 2 2 .. 1
65. 5
5. 9
7. 7
5 1 ..9

305,.7 2 7
28
135..0 2 9
6 9 .5 30
6 .4 31
8 .2 32
5 4 .9 33

41.9

4 5 ..3

4 9 ..9

6 0 ..7

69. 1

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

38.3

40
41
42
43
44

Taxes payable
Trade debt
Miscellaneous liabilities
F o r e i g n d i r e c t i n v . in U S
P e n . fund c o n t r . p a y a b l e

13.3
67.5
5.4
5.4

14.4
70.6
5.7
5.7

15..7
78. 5
6.,0
6.,0

430.2

444.1

458. 5

4 8 2 .. 1

42.2%
42.4%

42.9%
40.6%

Net

1966

Outstandings

167.4

Consumer credit
Mutual fund shares
Trade credit
Miscellaneous assets
F o r e i g n d i r e c t i n v e s t . ( 1 )i
Insurance receivables
E q u i t y in s p o n s . a g e n c i e s
Other

45

Business

253.6

18
19
20
21
22
23
24
25

Total

Corporate

193.2

assets

Liquid assets
Checkable dep. 8 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 securities
Open-market paper

27
28
29
30
31
32
33

Nonfinancial

Business

73.8
financial

9
10
11
12
13
14
15
16
17

26

Corporate

683.7

assets

Reproducible assets
Residential structures
Nonres. plant 8 equipment
Inventories

7
8

Nonfinancial

Year-End

assets

Tangible

3
4
5
6

Nonfarm

Outstandings

1961

2

of

worth

1.1
0.9
4.2
0.9

1.2
0.9
4.3
1. 1

1..0
0. 7
5 .,0
2
1 .

1.. 1
0..8
5.,8
1 ,4
.
16.,2
8 5 ..7
6.,2
6.,2

63.. 1
34..8
9..7
0..7
1 , 1
.
9.,6
3..3
4..0

7 5 ..6

8 5 .4 34
35
4,.2 36
.6 3 7
1,
8 .2 38
.7 39
1,

0,.8
0,.9
6,.8
1,.7

1. 6
1,. 1
7.,3
2. 0

3.,0
1.,3
7.,1
2 .,2

18,.3
97,.7
6..7
6.,7

17.,4
1 0 8 .,2
7., 1
7.,1

13.,2
1 1 5 .,6
7. 8
7. 8

14..3
132..6
8,.6
8..6

519. 7

5 6 3 .,3

6 0 7 .,2

6 6 5 ..8 4 5

43.6%
41.0%

44.7%
50.0%

45.6%
42.4%

45.9%
41.5%

40
41
42
43
44

(1) C o r p o r a t e b o n d s i n c l u d e net i s s u e s by N e t h e r l a n d s A n t i l l e a n
s u b s i d i a r i e s , a n d U . S . f o r e i g n d i r e c t i n v e s t m e n t is b e f o r e
s u b t r a c t i n g r e f l o w s of c a p i t a l f r o m N e t h e r l a n d s A n t i l l e a n
subsidiaries' foreign financing.
(2) Industrial revenue bonds.
I s s u e d by s t a t e and l o c a l
g o v e r n m e n t s to f i n a n c e p r i v a t e i n v e s t m e n t and s e c u r e d in
i n t e r e s t a n d p r i n c i p a l b y t h e i n d u s t r i a l u s e r of t h e f u n d s .

46

Total

47

M a r k e t v a l u e of e q u i t i e s ,
including corp.farm equities

48
49

corp.

real

estate

50

Debt-net worth ratio (27/45)
Debt-equities ratio (27/47)
R a t i o of m a r k e t v a l u e
to n e t w o r t h ( 4 7 / 4 5 )

51

Total

52

Tangible

Tangibles

and

assets

net

worth

on

48
49

105.6%

basis:

582.2

57

Land

616.8

656.8

699.2

769.2

835.0

896.6

978.3

51

389.0

assets

Reproducible assets
Residential structures
Nonres. plant 8 equipment
Inventories

Net

40.6%
46.3%
87.6%

historical-cost

(3)

53
54
55
56

58

38.9%
39.0%

411.5

436.0

463.7

506.2

557.3

600.9

649.4

52

379.8
3.1

401.3
3.7
297.0

424.7
4.6
313.3

491.9

540.9
6.9
391.1
142.8

582.6
7.5
422.0
153.1

630.0
8.6
455.4
166.0

53
54
55
56

106.8

10.2

11.3

12.4

14.4

16.4

18.3

19.4

57

328.7

(4)

100.6

9.2

worth

95.0

451.3
5.4
332.8
113.1

345.6

363.0

383.8

419.5

450.2

483.1

517.0

58

281.6

6.2

359.1

126.6

(3) Lines 8 + 52.
( 4 ) L i n e s 51 - 2 6 .
Memo:
59

Total

60

Debt-net

Data

are

real

in

estate

worth

139.0

ratio

billions




of

(27/58)
dollars.

147.0

155.3

164.7

177.2

191.6

205.6

220.1

59

50.9%

52.2%

53.3%

54.0%

54.1%

56.0%

57.3%

59.1%

60

March

10,

Nonfarm

1993

Nonfinancial

Corporate

Business
B. 104

Nonfarm
Balance

Sheet

of

Nonfarm

Nonfinancial

Corporate

Nonfinancial

Year-End

1250.1

1354.2

1484.5

1664.7

1916.8

2197.9

2416.5

2650.6

Total

886.6

968.8

1057.3

1168.6

1342.2

1621.5

1789.6

1961.9

Tangible

756.5
12.4
561.9
182.3

824.1
13.9

896.1

988.2
17.6
753.3
217.3

1132.0
18.8
853.4
259.8

1375.3
19.7
1024.3
331.3

1514.1
19.8
1157.1
337.2

1656.8
20.4
1261.2
375.2

620.1
190.1

679.1
200.7

130.0

144.7

161.2

180.4

210.3

246.2

275.5

385.4

427.2

496.1

574.6

576.5

626.9

688.7

69.0
43.1
3.7

69.5
44.1
5.3

78.8
42.6
9.5

88.0
44.9
11.9

101.0
46.3
16.6

105.4
47.8
20.5

125.2
53.9
22.4

139.8
56.4
24.4

3.3

1.2

0.2
0.8

7.3

7.5

1.1
1.2
10.0
3.2
11.3

2.7
2.2
7.9
4.2
14.2

11.3
3.3
4.5
4.0
14.9

5.5
4.9
5.6
4.7
16.5

4.7
5.8
14.3
4.5
19.6

7.0
7.4
16.4
3.4
24.7

17.0
0.7
204.1
126.6
96.9
11.9
0.4
17.5

17.7
0.7
230.5
159.2
121.4
13.7
0.4
23.7

18.7
0.8
269.8
184.4
139.5
15.7
0.4
28.8

19.4
0.8
246.4
204.4
159.3
17.8
0.4
26.9

19.8
0.9
252.5
228.6
182.6
20.0
0.4
25.5

21.7
1.0
271.3
255.1
202.4
23.4
0.5
28.8

9
10

13
14
15

2.2

16

2.8

17

7.6

9.4

13.9
0.7
183.0
96.8
75.4
9.9

14.5

18
19

20

21
22
23
24
25

0.6

191.6
109.2
85.4

10.8

0.2
11.2

0.3

12.6

513.4

assets

l

assets

(current

cost)

2
3
4
5
6

Land
Total

7
financial

assets

Liquid assets
Checkable dep. 8 currency
Time deposits
M o n e y market fund shares
Security RPs
Foreign deposits
U.S. government securities
Tax-exempt securities
Open-market paper

8
9
10
11
12
13
14
15
16
17

Consumer credit
18
Mutual fund shares
19
Trade credit
20
Miscellaneous assets
21
F o r e i g n d i r e c t i n v e s t . ( 1 ) 22
Insurance receivables
23
E q u i t y in s p o n s . a g e n c i e s
24
Other
25

592.7

652.4

762.9

764.3

786.2

857.9

75.4
7.8
9.6
57.9

396.1
0.1
185.6
79.7
8.6
10.4
60.7

430.4
0.6
197.8
85.4
8.8
10.6
66.0

493.5
2.4
206.9
115.7
9.0
10.7
96.0

547.5
4.1
226.6
115.1
9.1
10.9
95.1

563.2
6.7
253.8
117.4
9.2
11.0
97.2

600.1
9.2
276.6
123.7
9.4
11.2
103.1

103.6

107.7

120.5

137.1

6.2
3.6
11.6
1.6

7.0
3.7
13.7
1.8

8.4
4.7
16.2
2.1

159.4
0.3
12.5
7.2
18.6
3.7

143.5
0.3
9.6
7.6
20.4
3.9

140.1
0.5
11.0
10.2
24.7
4.1

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

34
35
36
37
38
39

13.1
172.1
11.5
11.5

15.5
194.4
12.1
12.1

19.3
232.7
17.3
17.3

24.5
170.5
2 1 .8
2 1 .8

22.3
176.7
23.9
23.9

27.8
185.6
44.4
44.4

Taxes payable
Trade debt
Miscellaneous liabilities
F o r e i g n d i r e c t i n v . in U S
P e n . fund contr. payable

40
41
42
43
44

27

338.0

369.0

29
30
31
32
33

147.0
72.0
7.2
8.9
55.9

166.8

34
35
36
37
38
39

98.8

40
41
42
43
44

12.6

10.0

153.1
9.7
9.7

160.2

28

Outstandings

Reproducible assets
Residential structures
Nonres. plant 8 equipment
Inventories

305.0

363.5

Business

^

Z ! " : ! " ™ " ™ ! ™ " ! !

11
12

Corporate

Business

5.4
2.3
10.7

1.8

11.1
11.1

1792.7

Total

liabilities

Credit market debt
T a x - e x e m p t debt (2)
C o r p o r a t e bonds (1)
Mortgages
Home mortgages
Multifamily
Commercial

Net

27

28
29
30
31
32
33

worth

(1) C o r p o r a t e b o n d s i n c l u d e net i s s u e s by N e t h e r l a n d s A n t i l l e a n
s u b s i d i a r i e s > and U . S . f o r e i g n d i r e c t i n v e s t m e n t is b e f o r e
s u b t r a c t i n g r e f l o w s of c a p i t a l f r o m N e t h e r l a n d s A n t i l l e a n
subsidiaries' foreign financing.
(2) Industrial revenue bonds.
Issued by s t a t e and local
g o v e r n m e n t s to f i n a n c e p r i v a t e i n v e s t m e n t a n d s e c u r e d in
i n t e r e s t a n d p r i n c i p a l b y t h e i n d u s t r i a l u s e r of t h e f u n d s .
Memo:
'.3

5 2 2 .4

5 9 3 .0

6 8 4 .6

1.5
45.8%
52.2%

8 5 5 .2

6 7 8 .4

8%
8%

44. 4%
5 2 . 1%

42. 5%
50. 3%

42. 7%
72. 7%

6%

48
49

7 5 8 .9

8 5 . 1%

84. 4%

58. 7%

7 9 9 .7

8 8 6 .0

Market value
499 . 1
3 8 . 1%
109. 6%
R a t i o of
34.8%

Tangibles

965 .9 Total
.9

of e q u i t i e s ,
6 8 4 .3
787 .8
.8

34. 5%
82. 3%
market value
4 1 . 9%

and

net

33. 4%
76. 1%
43. 9%

corp.

including

real

estate

corp.farm

equities

ebt-net worth ratio (27/45)
ebt-equities ratio (27/47)
to

net

worth

(47/45)

1076.0

.4

1 2 3 5 .0

1 3 7 5 .0

1 5 5 4 .4

1 6 8 2 .7

1 7 9 4 .6

1 9 5 8 .0

otal

52

712.5

.0

8 0 7 .7

8 7 8 .9

9 7 9 .8

1 1 0 6 .2

1 1 6 7 .6

1 2 6 9 .2

angible

53
54
55
56

690.1
493.7
186.4

.6
.3
.0
.3

780
12
567
200

849
12
611
225

945
12
669
263

1069
12
737
319

1129
11
801
315

1228
11
874
342

57

22.4

.4

2 7 .0

2 9 .4

3 4 .0

3 6 .9

3 8 .4

4 0 .8

58

562.6

.2

6 4 2 .2

7 2 2 .7

7 9 1 .5

9 1 8 .3

1 0 0 8 .4

1 1 0 0 .1

10.0

.5
.7
.1
.7

.8
.7
.2
.9

.3
.5
.3
.5

(3) Lines
(4) Lines

.2
.7
.6
.9

50

worth

51

.7
.9
.5
.4

47
48
49

.4
.3
.6
.5

assets

(3)

51

assets

52

Reproducible assets
Residential structures
Nonres. plant 8 equipment
Inventories
Land

53
54
55
56
57
58

8 + 52.
51 - 2 6 .

Memo:
59

238.9

258.8

277.6

297.6

324.4

353.7

380.1

409.9

Total

60

60.0%

61.8%

61.6%

59.5%

62.3%

59.6%

55.8%

54.5%

Debt-net

in

of

Data

are




billions

dollars.

real

estate

worth

ratio

59
(27/58)

60

M a r c h 10, 1993
Nonfarm Nonfinancial

Corporate

Business
B. 104

36

Year-End

Nonfarm
Balance

Sheet

of

Nonfarm

Nonfinancial

1 Total

2962.1
(current

Total

financial

assets

9
10
11
12
13
14
15
16
17

Liquid assets
Checkable dep. & currency
Time deposits
M o n e y market fund s h a r e s
Security RPs
Foreign deposits
U.S. government securities
Tax-exempt securities
Open-market paper

18
19
20
21
22
23
24
25

Consumer credit
Mutual fund shares
Trade credit
Miscellaneous assets
F o r e i g n direct i n v e s t . CI)
Insurance receivables
E q u i t y in s p o n s . a g e n c i e s
Other

26

Total

1984

3 9 2 7 .0

4 4 6 9 .9

4968.6

5 1 8 2 .6

5 4 0 2 .6

5722 . 1

1

2485.4

2 8 6 3 .9

3 2 7 8 .7

3674.5

3 8 6 0 .4

3 9 7 9 .7

4 2 1 5 .7

2

1840.8
22.3
1401.5
416.9

2097.2

2417
28
1819
569

2770
31
2095
644

3103.3
33.0
2370.4
699.9

3239
33
2526
679

3320
34
2595
690

3513
35
2717
760

3
4
5
6

388.2

4 4 6 .0

5 0 8 .0

571.2

6 2 0 .4

6 5 9 .4

7 0 1 .9

7

907.9

1063 . 1

1 1 9 1 ,.2

1294.1

1 3 2 2 .2

1 4 2 2 .9

1 5 0 6 .5

8

143.6
59.2
29.2

162.3
57.7
31.2

8.3
8.7

16.2

1 7 0 .8
5 0 .3
33,.4
3..0
18..8
2 1 ,.8
13,. 1
3,.7
2 6 ,.7

196,.5
5 7 ,.1
37,.9
7,.0
2 8 ,.4
2 4 ,.6
18,.7
3,.5
19,.4

220.4
47.4
47.8
18.4
33.4
23.0
20.2
3.5
26.8

266
53
59
19
42

301
61
70
11
48
25
38
4
41

2 5 ,.2
1,.5
4 8 2 ..3
4 8 5 ,.7
3 8 4 ,,3
4 3 ..6
0..6
5 7 .,2

25.9
1.6
506.6
539.5
402.9
47.3
0.6
88.7

2 6 .3
3 .1
491 . 1
5 3 4 .9
3 9 3 ,.8
5 0 ..0
0,.7
90,.4

30..2
4 .5
5 4 2 ..8
5 4 3 .5
3 8 2 ..0
5 3 ,.5
0,.7
1 0 7 ..3

26.1

1590.6
480.6

0.2

0.6

16.7
11.5
3.7
24.8

10.0
3.5
24.5

23.6

.8
.9
.8
.2

.7
.5
.2
.0

.9
.7
.9
.4

.8
.3
.0
.0
. 1
.6
3 0 .5
3 .5
3 6 .7

.3
.5
.7
.0

.9
.9
.6
.2
.4
.7
.5
.2
.4

326
74
74
16
48
20
42
4
44

.7
.5
.7
.5

.0
.6
.4
.1
.8
.6
.7
.1
.8

9
10
11
12
13
14
15
16
17

3 2 .9
.2
7.
5 9 0 ..3
5 5 0 ..1
373,.9
58,.6
0..7
116,.9

18
19
20
21
22
23
24
25

308.0
305.1
242.5
27.8
0.5
34.3

364.4
356.9
279.0
33.4
43.9

2 4 ,.7
1.
.1
4 3 4 ,.3
4 3 2 ,.2
3 3 1 ,.2
38..9
0..6
6 1 .,4

1093.9

1 2 4 2 ..0

1 3 7 6 ..8

1536.5

1 6 3 7 ,. 1

1 7 6 6 ,.7

2 0 0 7 ..6 2 6

667.8
17.4
299.5
135.6
9.7
11.4
114.5

737.4
25.0
320.6
147.4
9.9
11.7
125.7

,8
811 .
35..0
3 3 7 ..9
1 4 4 .,2
10..3
12.,1
1 2 1 .,7

8 7 5 ..0
4 5 ..9
3 6 5 ..6
131. 2
10. 7
12. 5
108. 0

980.0
59.3
388.3
133.9
11.1
12.8
110.0

1 0 2 9 ,.0
7 4 ..5
4 0 7 ..0
9 3 ..7
11..5
13.,3
6 9 ..0

1 1 1 1 ..9
8 3 ..9
4 2 3 .,0
1 1 2 .,8
12. 0
13.,8
8 7 ..1

1 2 9 2 ,.6
104,,4
4 6 9 .. 1
121..3
12..6
14,.4
94,.3

27
28
29
30
31
32
33

2 0 4 .,3
2. 9
24. 5
13. 8
42. 3
6. 9

230. 3
4. 2
28. 0
17. 1
44. 3
8. 4

261.7
13.1
42.7
21.4
49.9
9.6

3 1 8 .,5
15..6
3 7 ..6
2 0 ..7
50. 5
10.,9

3 4 0 .,9
18.,3
3 6 .,8
2 7 ..6
5 8 .,2
10.,4

391 ,
.1
31,.3
58,.5
30..4
74. 8
11.,6

34
35
36
37
38
39

4 1 .0
309. 8
79. 4
79. 4

43. 9
347. 7
110. 2
110. 2

39.9
376.4
140.2
140.2

35. 6
3 8 1 .3
1 9 1 .3
1 5 3 .,3
38. 0

3 8 ..6
4 1 8 .,3
197. 8
158. 3
39. 5

4 2 .,2
4 5 2 .,0
220. 9
1 7 9 .,2
4 1 .,7

40
41
42
43
44

2685. 1

3093. 1

3432.1

3545. 4

3635. 9

3714. 5

45

30.2%
86.9%

28.2%

28.5%

29.0%
74.4%

30.5%
67.8%

34.7%
79.8%

48
49

0.8

0.6

0.6

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

154.9

11.4
31.5
4.0

175.1
0.9
15.5
9.9
37.2
5.7

40
41
42
43
44

Taxes payable
Trade debt
Miscellaneous liabilities
F o r e i g n d i r e c t i n v . in U S
Pen. fund contr. payable

29.1
207.1
51.5
51.5

34.1
258.9
63.5
63.5

Net

1983

2182.3

34
35
36
37
38
39

45

198:

955.6

liabilities

Credit m a r k e t debt
T a x - e x e m p t debt (2)
C o r p o r a t e bonds CI)
Mortgages
Home mortgages
Multifamily
Commercial

27
28
29
30
31
32
33

1981

Outstandings

779.8

cost)

Land

7

1980

Business

341.6

assets

Reproducible assets
Residential structures
Nonres. plant S equipment
Inventories

8

Corporate

Year-End

assets

Tangible

3
4
5
6

Nonfinancial

Business

Outstandings

1979

2

Corporate

0.6
12.8

-

worth

s u b s i d i a r i e s » and U . S . f o r e i g n d i r e c t i n v e s t m e n t is b e f o r e
s u b t r a c t i n g r e f l o w s of c a p i t a l f r o m N e t h e r l a n d s A n t i l l e a n
subsidiaries' foreign financing.
(2) Industrial revenue bonds.
Issued by s t a t e and l o c a l
g o v e r n m e n t s to f i n a n c e p r i v a t e i n v e s t m e n t a n d s e c u r e d in
i n t e r e s t a n d p r i n c i p a l b y t h e i n d u s t r i a l u s e r of t h e f u n d s .

46

Total

47

M a r k e t v a l u e of e q u i t i e s >
including corp.farm equities

48
49
50

corp.

estate

Debt-net worth ratio C27/45)
Debt-equities ratio (27/47)
R a t i o of m a r k e t v a l u e
to n e t w o r t h ( 4 7 / 4 5 )

Tangibles
51

Total

52

Tangible

53
54
55
56

and

assets

net

worth

on

67.6%

80.6%

33.6%

basis:
2487.7

2863.0

3183.1

3505.3

3686.5

3943.2

4243.7

51

1400.0

assets

1579.8

1799.8

1991.9

2211.2

2364.3

2520.3

2737.2

52

1357.0
11.5
968.6
376.9

1532.9
1088.5
431.6

1748.7
13.2
1230.4
505.1

1936.1
13.6
1379.5
543.0

2147.9
13.8
1550.1
584.0

2296.5
14.1
1703.4
579.0

2448.8
14.8
1830.6
603.4

2661.9
15.4
1989.5
656.9

53
54
55
56

12.8

43.0

worth

(3) Lines
(4) Lines

32.0%
95.3%

2179.8

Land
Net

33.2%
89.2%

historicnl-cost

(3)

Reproducible assets
Residential structures
Nonres. plant 8 equipment
Inventories

57
58

real

46.9

51.2

55.7

63.2

67.8

71.5

75.4

57

1224.2

(4)

1393.8

1621.0

1806.3

1968.8

2049.3

2176.5

2236.1

58

8 + 52.
51 - 2 6 .

Memo:
59

Total

real

estate

60 D e b t - n e t

worth

Data

billions

are

in

443.8

ratio




of

(27/58)
dollars.

494.2

557.1

630.0

721.2

811.6

879.1

959.2

59

54.5%

52.9%

50.0%

48.4%

49.7%

50.2%

51.0%

57.8%

60

M a r c h 10, 1993
Nonfarm Nonfinancial

Corporate

Business
B. 104

Year-End

Nonfarm
Balance

Sheet

of N o n f a r m

Nonf inancial

Corporate

Nonfinancial

Year-End

1986

1987

1989

1988

1990

1991

6 0 0 0 .0

6 3 1 3 .1

6 6 6 3 .0

7 1 3 0 .6

7 5 2 4 .9

7 6 4 4 .5

7 4 2 3 .2

7 3 8 9 .9 T o t a l

2

4 3 9 9 .3

4 5 4 7 .3

4 7 5 1 .4

5 0 5 6 .6

5 3 3 5 .0

5 3 3 3 .8

5 0 5 2 .7

4 8 5 8 .9 T a n g i b l e

3
4
5
6

3658
36
2853
768

3772
38
2975
758

3938
40
3080
817

4183
39
3260
883

4397
41
3419
936

4581
42
3577
961

4627
42
3643
942

4693
41
3695
955

.8
.4
.4
.9

.7
.3
.6
.7

.2
.9
.2
.1

.6
.7
.9
.0

.4
.0
.8
.6

. 1
. 1
.0
.0

7

7 4 0 .8

7 7 4 .5

8 1 2 .7

8 7 3 .3

9 3 7 .4

7 5 2 .4

4 2 5 .5

1 6 5 .7

1 6 0 0 .7

1 7 6 5 .9

1 9 1 1 .6

2 0 7 4 .0

2 1 8 9 .9

2 3 1 0 .7

2 3 7 0 .5

2 5 3 1 .1

9
10
11
12
13
14
15
16
17

3 5 5 .3
94 .0
8 0 .3
14 .5
5 8 .3
18 .8
39..0
4 .9
4 5 .3

416
112
87
18
70
24
53
8
40

. 1
.8
.5
. 1
.5
.8
.5
.0
.9

440
120
91
18
71
24
57
10
46

18
19
20
21
22
23
24
25

3 6 .7
10..8
6 2 9 ..9
5 6 8 .. 1
3 9 4 .0
62..8
0..8
110..5

40
15
655
638
419
81
0
135

.9
.7
.2
.0
.6
.6
.9
.8

47..5
12..8
700,.9
709,.7
4 7 9 ,. 1
92..4
1 .3
.
136..9

464
137
105
15
79
13
54
12
47

.7
.4
.6
.6
.5
.1
.3
.0
.0

4 7 0 .4
133 .6
1 0 3 .4
16 .2
75 .5
17 .6
6 0 .4
11 .4
52..4

487
131
99
26
73
29
64
9
53

.9
.7
.3
.3
.6
.5
.3
.5
.8

532
139
103
31
69
39
84
11
53

.3
.0
.0
.5
.7
.5
.8
.3
.4

54,.0
10..6
7 9 3 ..1
7 5 1 ..6
4 8 6 ..9
102..5
1 .3
.
160..8

56..2
11..7
8 3 7 ..6
8 1 4 ,.0
5 1 4 ,.9
117,.2
1 .3
,
180,.7

5 9 .4
9 .7
8 4 8 .9
9 0 4 .7
5 7 6 ..7
131 .5
1 .3
.
195..2

58
15
837
926
596
145
1
183

.4
.4
.5
.9
.3
.5
.8
,
.3

549
151
95
36
77
33
91
11
52

assets

1

assets

(current

cost)

2

Reproducible assets
Residential structures
N o n r e s . plant 8 equipment
Inventories

.2
.7
.7
.8

8

.8
.4
.6
.9
.3
.3
.0
.5
.6

Outstandings

1992

1

.5
.8
.6
. 1

Business

3 7

Outstandings

1985

Corporate

Business

3
4
5
6

Land
Total

7
financial

assets

8

.2
.7
.5
.2
.4
.0
.6
.5
.4

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 market fund s h a r e s
Security RPs
Foreign deposits
U.S. government securities
Tax-exempt securities
Open-market paper

9
10
11
12
13
14
15
16
17

60..9
17,.7
8 8 9 ,.9
1 0 1 3 ..4
6 2 5 ..8
159,.2
.9
1.
2 2 6 ..6

Consumer credit
M u t u a l fund s h a r e s
Trade credit
Miscellaneous assets
Foreign direct invest. (1)
Insurance receivables
E q u i t y in s p o n s . a g e n c i e s
Other

18
19
20
21
22
23
24
25

26

2 2 0 8 .. 1

2 4 6 6 .0

2741 .
.4

3 0 4 7 ..1

3 2 9 6 .. 1

3 4 4 6 ..0

3 5 0 4 ,.3

3 5 9 0 ..2 T o t a l

27
28
29
30
31
32
33

1439. 8
1 2 7 ..0
5 4 3 ..2
109. 8
13.,3
15..0
8 1 .5

1650..0
117.. 1
6 7 0 ..4
141 .6
14..0
15,.8
111..9

1 8 2 7 ..8
116..2
7 4 9 ., 1
2 0 0 ..8
14..7
16..5
1 6 9 ..7

2 0 1 6 ..9
116. 4
8 5 2 ..2
207.
15. 4
17.. 1
174. 6

2 1 9 5 .,3
115. 5
9 2 6 .. 1
2 2 8 ..9
16. 0
17. 8
1 9 5 .. 1

2273. 4
115..2
9 7 3 ..2
2 2 5 ..3
16. 6
18. 3
190. 4

2 2 7 7 ,. 1
114,.0
1051 .
.9
2 2 0 ..1
17.,0
18. 8
1 8 4 ..3

2330. 6
112. 9
1118. 3
209. 2
17. 6
19. 4
172. 2

34
35
36
37
38
39

424 .1
32. 9
72. 2
28. 3
88.
14. 2

4 7 3 ..7
40. 8
6 2 ..9
2 8 .. 1
100. 6
14. 8

482. 4
42. 7
73. 8
32. 6
118. 8
11 .5

519. 3
53. 8
85. 7
32. 6
139. 9
9. 9

553. 5
66. 6
107. 1
35. 8
152. 2
9. 6

555. 4
88. 0
116. 9
29. 2
161 . 6
8. 8

530. 5
71 .5
98. 5
23. 3
159. 3
7. 9

518. 8
76. 8
108. 3
20. 4
158. 1
7. 9

Bank loans n.e.c.
Loans from foreign
C o m m e r c i a l 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

34
35
36
37
38
39

40
41
42
43
44

39.
486.
243.
195.
47.

0
0
3
9
3

42. 8
4 9 9 .. 7
273. 5
222. 8
50. 8

47. 9
539. 6
326. 2
275. 4
50. 8

49. 6
598. 7
381 .8
327. 7
54. 1

46. 5
629. 3
425.
367. 5
57. 6

45. 5
669. 6
457. 6
399. 6
58. 0

35. 5
680. 3
5 1 1 .4
416. 4
94. 9

39. 4
705. 2
515. 1
414. 5
100. 5

Taxes payable
Trade debt
Miscellaneous liabilities
F o r e i g n d i r e c t i n v . in U S
Pen. fund contr. payable

40
41
42
43
44

45

3 7 9 1 .9

3 8 4 7 .. 1

3 9 2 1 .6

5

4 2 2 8 .8

4198. 5

3918. 9

liabilities

26

C r e d i t market debt
T a x - e x e m p t debt (2)
C o r p o r a t e bonds (1)
Mortgages
Home mortgages
Multi family
Commercial

3799. 7 Net

worth

27
28
29
30
31
32
33

45

( 1 ) C o r p o r a t e b o n d s i n c l u d e net i s s u e s by N e t h e r l a n d s A n t i l l e a n
s u b s i d i a r i e s , and U . S . f o r e i g n d i r e c t i n v e s t m e n t is b e f o r e
s u b t r a c t i n g r e f l o w s of c a p i t a l f r o m N e t h e r l a n d s A n t i l l e a n
subsidiaries' foreign financing.
(2) Industrial revenue bonds.
I s s u e d b y s t a t e and l o c a l
g o v e r n m e n t s to f i n a n c e p r i v a t e i n v e s t m e n t a n d s e c u r e d in
i n t e r e s t and p r i n c i p a l by t h e i n d u s t r i a l u s e r of t h e f u n d s .

2103.8
Market
3004.7

value

54.1%
75.6%
R a t i o of
71.5%

of e q u i t i e s ,
3900.6
4252.0

corp.

including

48
49

37.9%
71.1%

42.8%
70.7%

46.6%
77.9%

49.3%
78.2%

51.9%
68.3%

50

53.3%

60.6%

59.7%

63.0%

75.9%

51

4524.0

4829.2

5 1 4 3 .9

5 5 1 0 ..6

5 7 8 7 ,.5

6 0 7 7 ,.9

6 2 5 9 .3

6 5 1 0 ..8 T o t a l

52

2923.3

3063.4

3 2 3 2 .3

3 4 3 6 ..5

3 5 9 7 ..6

3 7 6 7 ..2

3 8 8 8 .8

3 9 7 9 ,.7 T a n g i b l e

53
54
55
56

2838.9

2974.4
16.9
2284.8
672.7

3 1 3 5 ..6
17..5
2 3 9 2 ..2
725,.9

3 3 3 0 ,.7
18,.0
2 5 0 7 ..3
8 0 5 ..4

3 4 8 7 .6
18..9
2 6 3 4 ..3
8 3 4 .5

3 6 5 2 ..9
18,.8
2 7 6 5 .. 1
8 6 9 ..0

3 7 6 9 ,.7
18,.5
2 8 6 6 ., 1
8 8 5 ..0

3 8 6 3 ,.3
18.. 1
2 9 5 2 ..1
8 9 3 .. 1

Tangibles

16.1

2156.8

666.0

58.1%
58.3%
market value
99.5%

Total

and

net

57

84.4

89.0

96,.7

105.,9

110..0

1 1 4 ..3

1 1 9 ..1

58

2315.9

2363.2

2 4 0 2 ,.5

2463, 5

2 4 9 1 ,.5

2 6 3 1 ..9

2 7 5 4 ..9

(3) L i n e s
(4) Lines

worth

61.3%
54.8%
111.9%

on

real

corp.farm

equities

Debt-net worth ratio (27/45)
D e b t - e q u i t i e s ratio (27/47)
to

net

worth

historical-cost

1 1 6 .,4

estate

(47/45)

basis:

assets

(3)

51

assets

52

Reproducible assets
Residential structures
Nonres. plant 8 equipment
Inventories
Land

2 9 2 0 .,6 N e t

47
48
49

53
54
55
56
57

worth

(4)

58

8 + 52.
51 - 26.

Memo:
59

1052.5

1117.1

1175.1

1239.8

1304.4

1371.5

1428.8

1464.8

60

62.1%

69.8%

76.0%

81.8%

88.1%

86.3%

82.6%

79.8%

in

of

Data

are

billions




dollars.

Total

real

Debt-net

estate

worth

ratio

59
(27/58)

60

M a r c h 10, 1 9 9 3
Private Financial

Year-End

Institutions

Private

38

Balance

Sheet

of

Private

Financial

Financial

Institutions

Year-End

B.131

Outstandings

Institutions

Outstandings

1945

1 Total

6 Total

financial

assets

1947

1948

1949

1950

1951

1952

239. 9

assets

2 Tangible assets
3
Residential structures
Nonres. plant 8 equipment
4
5
. Land

1946

237. 9

250. 4

261. 2

276. 0

297. 3

318.4

345.4

1

2. 9

3. 2

3. 5

3. 6

3. 9

4. 3

4.8

5.0

2. 4
0. 5

2. 5
0.8

2. 6
0. 9

2. 8
0. 9

2. 9
1. 0

3. 2
1. 1

3.5
1.3

3.7
1.3

2
3
4
5

237. 0

234. 6

246.8

257. 5

272. 1

293. 0

313.6

340.4

6

4. 0
0. 1

4. 7
0. 1

5. 1
0. 1

5. 2
0. 1

5. 5
0. 1

6. 1
0. 1

6.7
0.1

6.9
0.2

0. 1

0. 1

0. 1

0. 1

0. 1

0.1

0.2

7
8
9
10
11
12

7
8
9
10
11.
12

Checkable dep. 8 currency
Small time 8 savings dep.
M o n e y market fund shares
Large time deposits
Fed. funds 8 security RPs
Foreign deposits

13
14
15
16
17
18

Corporate equities
Credit market instruments
U.S. Treasury securities
Federal agency securities
State 8 local securitiesat
Corporate 8 foreign bonds

4. 8
199. 3
133. 4
0. 9
6. 3
17. 9

4. 9
200. 1
119. 0
1 .0
6. 6
20. 0

5. 3
210. 2
Ill. 8
1. 1
7. 6
23. 7

19
20
21
23
24

Mortgages
Consumer credit
Bank loans n.e.c.
Open-market paper
Other loans
C u s t . l i a b . on a c c e p t a n c e s

21. 2
3. 4
11. 3
0. 2
4. 6
0. 2

26. 2
5. 7
16. 4
0. 3
4. 5
0. 2

32. 0
8. 3
20. 6
0. 4
4. 3
0.,3

25
26
27
28

Security credit
Vault cash 8 comm. bank res.
Trade credit
Miscellaneous finan. assets

8 ..1
17.,8
0. 4
2. 5

3. 8
18, 2
0. 5
2.,4

2. 7
2 0 ., 1
0.,6
2. 8

2 1 9 .,0

2 1 5 .,3

2 2 6 .,5

101 .
,7
5 0 .,3

8 7 .,8
5 6 .,6

9 0 .,1
6 0 ..0

3.,2
- 3 ..6

.3.
.4
- 1 ..6

36..0
9,.4
2..1

29

Total

liabilities

5.
217.
102.
2.
8.
28.

-

6
4
6
0
6
5

8. 1
2 3 1 .7
106. 1
2. 1
10. 2
31. 9

9. 4
248. 1
99. 4
1 .9
12. 5
34. 3

10.3
264.3
96.0
1.8
14. 1
37.9

11.9
287.6
98.1
2.2
15.8
42.9

13
14
15
16
17
18

38. 0
10. 5
2 2 .,0
0. 3
4. 5
0.,3

43. 2
12. 9
20. 3
0. 3
4. 5
0. 3

52. 2
16. 2
26. 0
0. 4
4. 9
0. 4

59.9
16.9
31.3
0.5
5.3
0.5

67.5
20.8
33.4
0.6
5.8
0.5

19
20
21

3.
18.
0.
3.

7
6
7
7

4. 5
19. 9
0. 7
4 .,3

4.1
22.8
0.9
4.4

4.9
22.7
0.9
5.2

25
26
27
28

2 3 6 ,.2

249. 4

268. 0

287.7

312.5

29

8 9 ,.5
62,.2

90. 3
64. 9

95. 9
6 7 ..3

102.7
72.3

107.9
80.2

3..6
- 1 ..3

3,.9
-1 . 1

4. 3
- 1 .0

4..6
- 1 ., 1

4.5
-1.0

4.9
-1.1

30
31
32
33
34

38,. 6
,
10,.2
1,.5

41 ,
.1
11 ,
.7
.6
1.

4 3 ,.8
13,.3
1 .8

46.4
1 5 .,1
2 ., 1

4 9 .. 1
17..5
3..3

51.6
20.4
3.4

54.5
24.2
3.4

35
36
37
38
39
40
41
42
43
44

2.,9
,5
0..7
3..2

23
24

30
31
32
33
34

Checkable deposits
Small time 8 savings dep.
Money market fund shares
Large time deposits
Fed. funds 8 security RPs

35
36
37

Life insurance reserves
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

38
39
40
41
42
43
44

Mutual fund shares
Credit market instruments
Corporate bonds
Mortgages
Bank loans n.e.c.
Open-market paper
Other loans

.3
1.
.0
1.
0,.2

.3
1,
1.8
0 .4

1 .4
,
2,.6
0 .5

1 .5
3 .8
1 .0

3. 1
4.,7
1 .4
.

3..3
6,.6
1..7

3.5
7.5
2.0

3.9
8.9
2.3

0,.4
0,.2
0..2

0 .7
0 .4
0,.3

.0
1,
0 .6
0 .4

1 .5
0 .8
0 .5

1.,9
1 .0
.
0..4

2,.9
1,. 1
0,.8

3.0
1.6
0.9

3.8
1.9
0.9

45
46
47
48

Security debt
Trade debt
Taxes payable
Miscellaneous

7 .6

4 .0

2 .8

3 .0

3..5

4,.0

3.7

4.2

0 .4
9 .7

0 .5
11 .2

0,.3
12,.5

0 .5
14 .0

0..7
15..3

0,.9
16,.6

1.1
18.0

1.4
20.2

45
46
47
48

30.7
23.4
7.3

32.8
24.8
8.0

49
50
51

26.9
3.8

30.7
3.9

52
53

liabilities

49
50
51

Net worth
C o r p o r a t e and s t o c k
N o n c o r p o r a t e and m u t u a l

2 0 .9
16 .3
4 .6

2 2 .5
17 .8
4 .7

2 3 .9
19 .3
4 .6

2 5 .0
19 .6
5 .3

2 6 ,.6
2 0 ,.5
6..2

2 9 ..3
.4
6,.9

52
53

Memo:
M a r k e t v a l u e of e q u i t i e s
Total real estate

2 9 .0
2 .5

2 5 .5
2 .8

2 1 .7
3 .1

2 1 .7
3. 1

2 4 ,.0
3,.2

2 4 .8
3 .5

Data

are

in

billions




of

dollars.

'

March 10. 1993
Private Financial

Private

Institutions
B.131

Sheet

of

Private

Financial

Year-End

Outstandings

1953

1954

1955

1956

1957

1958

1959

1

368. 2

400. 9

434. 8

4 6 1 .,2

485. 6

532. 6

5. 3

5. 8

6. 3

7.,2

7..7

8. 0

8 ..6

4. 0
1. 3

4. 2
1. 6

4. 9
1. 4

5. 6
1.,6

6..0
1..7

6. 3
1. 7

6. 8
1..8

6

363, 0

395. 1

428. 5

4 5 4 .,0

477. 9

524. 6

5 6 0 .,1

7
8
9
10
11
12

7, 2
0,,2

7. 6
0. 3

7. 9
0.,3

8 ..0
0.,4

8 ..2
0. 5

8 .,9
0. 7

8 .,6
0..7

9., 1
0..7

0..2

0. 3

0.,3

0.,4

0..5

0.,7

0..7

0..7

13
14
15
16
17
18

12. 9
307. 4
98. 5
3.,7
17. 8
47. 6

17. 7
332. 7
103. 7
3. 7
2 1 .,3
5 1 .,9

2 4 ..1
3 5 7 .,2
96. 1
3..1
22. 8
54. 9

2 5 .,9
3 7 9 .,3
9 1 .,7
2..8
24.
5 8 ..7

2 5 ..5
4 0 2 .,5
9 0 .,4
3..7
2 6 ..4
6 5 ..2

36. 4
4 3 5 .,2
98. 8
4. 7
30. 5
70. 7

4 2 .,6
4 6 3 .,8
9 1 .,5
4 .,3
32. 8
7 4 .,9

19
20
21
22
23
24

75. 8
24. 5
3 2 .,1
0. 6
6..2
0..6

86. 5
2 5 .,5
3 2 .,1
0. 8
6. 4
0..9

1 0 0 .,7
3 1 .,7
3 9 .,6
0..6
7..1
0. 6

1 1 2 ..8
3 4 ..9
4 5 ..2
0..7
7.,4
1..0

1 2 1 .,4
3 7 ..4
4 7 ..3
0..8
8 ..7
1..3

133. 6
3 7 .,6
4 8 ., 1
0.,9
9..0
1..2

1 4 8 ..3
4 3 .,7
5 5 ..3
1..0
10..9
1..2

25
26
27
28

5,.7
2 2 ..7
.0
5 .6

7.,5
2 1 ..3
1..1
6..6

8 ..6
2 1 ..7
1..2
7..1

8 ..0
2 2 ..3
.3
1.
8 .3

7,.7
.4
.5
1.
9,.1

9.,2
2 1 ..8
1..6
10..3

9,.4
2 1 ,.2
1,.8
11,.2

29

3 3 3 ..3

3 6 0 ..5

3 9 0 ..6

4 1 4 ,.3

4 3 8 .0

4 8 0 ..0

5 1 3 ,.0

5 4 8 ,.0 T o t a l

30
31
32
33
34

1 0 8 ..0
8 8 ..4

1 1 2 ..5
9 7 ..8

1 1 4 ..7
1 0 6 ..6

1 1 6 ..5
116,.2

115,.8
128,.3

1 2 1 .,4
1 4 2 ..6

123,.0
154,.1

125,.0
1 6 5 .8

5,.8
- 1 ..2

7..0
- 1 ..5

6..7
- 2 ,.0

6 .5
- 1 ..9

6,.7
- 1 ..9

9..3
- 2 ..1

7,.6
- 1 ..9

35
36
37

57,.4
2 8 ..5
3,.3

60..4
33,.3
3..1

63,.5
4 0 ,.5
4..3

66,.6
4 5 .7
4 .7

69,.3
5 1 .3
4 .2

72,.3
60,.4
4..3

38
39
40
41
42
43
44

4..1
10,.5
3,.7

6 .1
10,.4
3,.6

7,.8
14..3
4,.5

9 .0
15 .3
5 .7

8 .7
17 .2
6 .6

3..6
2,.2
.0
1.

3..6
2,.4
0,.9

6 .0
2,.4
1,,4

5 .5
2,.8
1,
.2

45
46
47
48

4..6

6..0

6 .5

1,.9
2 1 ..8

1..6
2 3 ..7

1,.3
2 6 ,.5

49
50
51

34,.9
2 6 ..2
8 ..7

4 0 ,.4
30,.4
10..0

52
53

2 8 ..8
4..0

34..0
4..4

8

607. 8

in




billions

of

dollars.

39

Outstandings

Total

assets

1

9..2 T a n g i b l e a s s e t s
Residential structures
Nonres. plant 8 equipment
7..2
Land
2..0
598. 7 Total

financial

assets

2
3
4
5
6

Checkable dep. 8 currency
Small time 8 savings dep.
M o n e y market fund shares
Large time deposits
Fed. funds 8 security RPs
Foreign deposits

7
8
9
10
11
12

4 6 ..2
4 9 7 ..7
9 2 .,8
5..5
3 4 ..8
79..5

Corporate equities
Credit market instruments
U.S. Treasury securities
Federal agency securities
State 8 local securitiesat
Corporate 8 foreign bonds

13
14
15
16
17
18

1 6 1 ..3
4 8 ..4
5 8 ,.3
1,.6
13,.4
2..0

Mortgages
Consumer credit
Bank loans n.e.c.
Open-market paper
Other loans
C u s t . l i a b . on a c c e p t a n c e s

19
20
21
22
23
24

Security credit
Vault cash 8 comm. bank res.
Trade credit
Miscellaneous finan. assets

25
26
27
28

-

are

Institutions

1960

2
3
4
5

Data

Financial

Institutions

CO

Year-End

Balance

9
20
1
12

.6
.4
.9
.2

liabilities

29

11,. 1
- 2 ,.1

Checkable deposits
Small time 8 savings dep.
M o n e y market fund shares
Large time deposits
Fed. funds 8 security RPs

30
31
32
33
34

7 5 .6
6 9 .2
5 .1

7 8 .8
7 6 .7
5 .8

Life insurance reserves
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

35
36
37

13,.2
16,.9
7,.0

15,.8
2 1 ,.3
8 .2

17 .0
2 4 .4
9 .8

5 .6
3 .6
1,.3

5,.3
3..4
.3
1.

6 .9
4 .1
2,.1

6 .9
5 .8
2 .0

M u t u a l fund shares
Credit market instruments
Corporate bonds
Mortgages
Bank loans n.e.c.
Open-market paper
Other loans

38
39
40
41
42
43
44

5,.8

5 .9

6..7

6 .7

7 .2

.5
1,
28,.4

1 .6
3 0 .9

1.
.7
33..3

1 .4
35,.1

2 .4
3 5 .8

Security debt
Trade debt
Taxes payable
Miscellaneous

45
46
47
48

4 4 ,.2
32,.9
11,.3

4 6 .9
3 4 .9
12,.0

4 7 .6
34..9
12 .7

5 2 ,.6
3 8 .4
14 .2

5 5 ,.7
40,.3
15 .5

5 9 .9 N e t w o r t h
C o r p o r a t e and s t o c k
4 3 .5
N o n c o r p o r a t e and m u t u a l
16,.4

49
50
51

37,.6
4..8

37,.2
5,.4

4 5 .6
5 .8

5 9 .6
6 .1

7 3 .2
6 .5

Memo:
7 5 .9 M a r k e t v a l u e o f e q u i t i e s
7 .0 T o t a l r e a l e s t a t e

52
53

liabilities

M a r c h 10, 1993
Private Financial

Year-End

Institutions

Private

40

Balance

Sheet

of

Private

Financial

1961

1 Total

6 Total

financial

assets

7
8
9
10
11
12

Checkable dep. 8 currency
S m a l l time 8 savings dep.
M o n e y market fund shares
Large time d e p o s i t s
Fed. funds 8 security RPs
Foreign deposits

13
14
15
16
17
18

Corporate equities
Credit market instruments
U.S. Treasury securities
Federal agency securities
State 8 local securitiesat
Corporate 8 foreign bonds

19
20
21
22
23
24

Mortgages
Consumer credit
Bank loans n.e.c.
Open-market paper
Other loans
C u s t . l i a b . on a c c e p t a n c e s

25
26
27
28

Security credit
Vault cash 8 comm. bank res.
Trade credit
Miscellaneous finan. assets

29

Total

196

1963

1964

1965

1966

6 6 8 .5

assets

Institutions

Outstandings

Institutions

Outstandings

2 Tangible assets
3
Residential structures
4
Nonres. plant 8 equipment
5
Land

Financial

Yeai—End

B . 131

7 1 8 .7

7 8 5 .4

8 6 1 .7

9 4 4 .1

9 .8

1 0 .8

11 .6

13 .3

14 .9

7 .7
2 .1

8 .5
2 .3

9 .2
2 .3

1 0 .4
2 .9

11 .9
3 .0

6 5 8 .7

7 0 8 .0

7 7 3 .8

8 4 8 .4

9 2 9 .3

10 .2
0 .9

11 .1
1 .0

11 .2
1 .0

11 .5
1. 1

11 .9
1 .1

11 .5
1 .0

0 .9

1 .0

1 .0

1. 1

1 .1

1 .3

1967

1968

9 9 2 .9

1 0 9 7 .4

1 2 0 9 .2

16 .8

18 .6

13 .4
3 .4

15 .0
3 .5

976 . 1

1 0 7 8 .8

22
0
17
4

.0
. 1
.8
.2

1 1 8 7 .2

11 .9
I. 1

12 .5
1. 1

1 .9

2 .1
0 .1

61
537
99
6
38
84

.4
. 1
. 1
.4
.7
.9

58
584
100
8
44
90

. 1
.8
.5
.2
.4
.8

70
634
97
8
48
96

197
55
67
2
14
2

.9
.6
.1
.8
.8
.7

12
22
2
15

.8
.4
.1
.7
.8
.8

6
7
8
9
10
11
12

Checkable deposits
Small time 8 savings dep.
M o n e y m a r k e t fund shares
Large time deposits
Fed. funds 8 security RPs

35
36
37

99
754
94
10
57
111

.1
.5
.3
.4
.1
.6

94
802
91
11
59
120

2 2 3 .6
6 3 .0
7 4 .3
2 .7
16..6
2..9

2 4 9 .2
71..3
8 2 .6
3..0
1 8 .7
3..4

274
80
98
2
21
3

.7
.2
.7
.8
.2
.4

2 9 2 ,.6
8 6 .0
1 0 9 ..6
3..5
2 3 ..7
3..6

3 1 0 ..7
91..0
1 1 7 .0
4 .6
2 4 ,.3
4 .3

3 3 3 ..4
101..7
130,.4
4..9
2 7 ..8
4,.4

19
20
21

.4
.0
.2
.4

15..1
2 1 ..3
2..3
16..7

15..0
2 2 ..4
2..5
18..5

15
23
2
20

.3
.3
.6
.3

15..8
2 5 ..2
2..9
2 1 .,1

2 0 ..5
2 7 ..0
3..2
24. 8

24,.7
29.
3..5
2 8 ..2

25
26
27
28

6 0 1 ..0

liabilities

30
31
32
33
34

.9
.4
.4
.5
.4
.9

6 4 8 .0

7 1 0 .,7

781 . 1
.

8 5 8 .7

9 0 7 ..9

1 0 0 5 .,4

1 1 0 8 ..0 2 9

1 3 0 ., 1
1 8 4 ., 1

1 3 4 .7
2 0 9 .9

1 3 6 .,9
2 3 5 ..5

1 4 3 ..6
261 .
.2

1 4 9 ..0
2 8 8 ..4

1 5 0 .,8
306. 4

1 6 2 .,9
3 4 1 ..1

2 0 ..4
-2. 6

2 5 ..1
- 2 ..3

31,.0
- 1 ..5

33. 4
- 1 ..5

3 9 ..3
- 2 ..2

1 7 6 ..2 3 0
3 6 7 ,.7 31
32
4 6 ,.0 33
- 1 ..5 34

9 4 ..2
120. 8
6. 9

98,.9
1 3 5 ,.8
6,.8

103. 5
144. 2
10. 6

1 0 8 ..3
1 6 5 .,0
11..0

1 1 3 .. 1 3 5
1 8 5 .,4 36
15. 0 3 7

2 9 .. 1
40. 2
13. 6

35,.2
4 6 ..8
15.,9

34. 8
52. 5
16.,9

44. 3
5 3 .,2
18. 3

1 7 7 .3
5 0 ..7
6 0 .9
2,.4
14,.1
2..7
11.,8
2 1 ., 1
2..0
13..4

83
692
98
9
52
103

1
2
3
4
5

.8
.5
.1
.8
.7
.8

122
865
95
15
70
133

.8
.7
.3
.0
.2
.2

1 4 5 .8 13
9 4 0 .3 14
9 8 .0 15
17..8 16
79 .7 17
142..3 18

23
24

13. 6
- 2 .,1

16 .4
-2 . 1

Life insurance reserves
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

8 2 ., 1
88. 6
7. 0

8 5 .8
93..6
6..8

8 9 .,9
1 0 6 ..0
6.,8

38
39
40
41
42
43
44

M u t u a l fund shares
Credit market instruments
Corporate bonds
Mortgages
Bank loans n.e.c.
Open-market paper
Other loans

22. 9
26. 0
10. 1

2 1 ..3
2 8 ..9
9.,8

25. 2
34. 6
11.

6. 9
6. 3
2. 7

8 ..2
7. 5
3.,5

9. 9
8. 7
4. 8

10. 6
10. 7
5. 3

13..0
11..9
6.,0

13, 0
15. 7
6. 9

12. 1
18. 4
4. 4

45
46
47
48

S e c u r i t y debt
Trade debt
Taxes payable
Miscellaneous

8. 4

9.,2

10. 3

11. 2

12. 0

12. 8

16. 6

1. 4
38. 9

1.,9
41. 4

1. 5
46. 0

1. 8
49. 3

1. 8
54. 6

1. 7
58. 9

1. 5
64. 3

20. 3 45
46
1. 7 4 7
73. 2 48

67. 5
49. 2
18. 3

70. 8
5 1 ..1
19. 7

74. 7
53.
21. 6

80. 5
57. 7
22. 9

85. 4
60. 7
24. 8

85. 0
60. 2
24.8

92. 0
64. 1
27. 9

101. 2 49
70. 9 50
3 0 . 3 51

117. 9
7. 6

90. 5
8. 4

110. 6
9. 0

118. 2
10. 3

155. 0
11. 2

139. 3
12. 6

167. 0
13. 3

238. 4 52
15. 7 53

liabilities

49
50
51

Net worth
C o r p o r a t e and s t o c k
N o n c o r p o r a t e and m u t u a l

52
53

Memo:
M a r k e t v a l u e of e q u i t i e s
Total real estate

Data

are

in

billions




of

dollars.

51. 2
59. 6
19. 5
0. 2
13. 2
21. 4
5. 3

38
39
40
41
42
43
44

M a r c h 10, 1 9 9 3
Private Financial

Private

Institutions
B.131

Year-End

Balance

Sheet

of P r i v a t e

Financial

Year-End

Outstandings

2071.3

2320.5

62.0

74 .8

1.3
46.4
14.4

55.0
17.7

2595.5
86.4
2.7
63.7
20.0

29.7
0.3
22.7

6.8

40.6
0.7
30.9
9.0

49.3
0.9
37.3

5.9

34.6
0.4
26.5
7.7

7

12.1

12.8
1.0

13.8
1.5

15.7

16.5

17.1
1.9

19.0

20.0

9
10
11

1.8

2.5
0.4

4.3

6.1

7.1
3.7

12.7

6.1

21.9
5.1

20.0

151.2
1077.1
91.5

196.7
1185.6
90.8
34.3
110.4
180.3

238.9
1339.2
93.7
44.9

206.5
1510.9
83.8
57.4
131.5
208.3

160.1
1651.2
81.7
65.5
138.6
223.9

219.0
1782.1
123.9
76.9
146.3
255.9

253.7
1985.5
162.3

542.3
170.3
239.8

580.3
178.9
281.5
22.3

52.5
8.9

60.0

677.2
204.5
272.9
40.5
75.3
22.5

26.3

0.2
20.2

11.1

2509.1

0.8

8

0.3

12

141.7
999.2
84.5
19.4

13
14
15

16

81.2

17

Financial

Institutions

18

150.7

19

355.1

26.2

93.8
165.3

1.2

1.8
1.7

122.1

197.4

1.6

2.1

2.1
5.5

86.1
159.4
284.9

Total

Institutions

41

Outstandings

assets

Tangible assets
Residential structures
Nonres. plant 8 equipment
Land
Total

financial

assets

Checkable dep. & currency
Small time 8 savings dep.
M o n e y m a r k e t fund s h a r e s
Large time d e p o s i t s
Fed. funds 8 security RPs
Foreign deposits
Corporate equities
Credit market instruments
U.S. Treasury securities
Federal agency securities
State 8 local securitiesat
Corporate 8 foreign bonds

7

8
9

10
11

12
13
14
15

16

17

18

Mortgages
19
Consumer credit
20
Bank loans n.e.c.
21
Open-market paper
22
Other loans
23
C u s t . l i a b . on a c c e p t a n c e s 2 4

20

111.6

23
24

148.3
7.6
35.3
5.5

375.4
115.5
154.8
9.6
37.9
7.1

416.4
128.7

21

40.2
7.9

476.7
147.1
191.8
13.2
45.4
6.9

18.5

614.3
183.7
265.8
31.2
65.3
18.7

25

20.0

20.2

27

31.2
4.4
41.7

32.1
34.3
5.8
73.4

24.3
37.7
6.5

28

29.4
3.9
33.2

23.5
35.3
4.7
50.3

86.6

21.7
37.5
7.0
94.0

23.6
38.3
7.7
126.9

34.2
37.3
8.9
141.9

29

1164.5

1262.4

1427.0

1646.6

1792.1

1912.3

2146.2

2394.4

30
31
32
33
34

180.9
381.7

190.2
412.2

203.4
480.5

223.2
550.0

236.1
589.2

30.5
4.7

54.7
1.1

68.1
5.0

86.9
6.7

126.0
23.1

236.1
626.8
2.4
167.1
25.4

244.0
724.7
3.7
158.2
29.1

258.3
846.1
3.7
144.3
45.1

Checkable deposits
Small time 8 savings dep.
M o n e y m a r k e t fund shares
Large time deposits
Fed. funds 8 security RPs

30
31
32
33
34

35
36
37

118.1
194.6
22.2

123.3
213.3
17.3

129.6
247.5
11.9

136.3
297.9
10.7

143.5
302.5
4.9

150.5
307.1
4.6

158.5
402.2
-7.9

167.1
461.0
-16.0

Life insurance reserves
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

35
36
37

38
39
40
41
42
43
44

47.6
78.1
21.4
0.4
14.3
32.8
9.3

46.8
84.5
25.5
0.5
14.8
33.1
10.6

55.4
89.6
31.1
0.7
16.1
33.8
7.9

58.9
105.2
39.1
1.2
22.3
34.7
8.0

46.6
132.7
44.6
1.5
29.8
41.7
15.1

35.2
162.0
48.9
1.6
34.5
55.1
21.8

43.0
161.0
56.1
2.0
28.6
56.4
17.8

46.5
169.8
63.1
2.4
26.0
62.5
15.9

M u t u a l fund shares
Credit market instruments
Corporate bonds
Mortgages
Bank loans n.e.c.
Open-market paper
Other loans

38
39
40
41
42
43
44

45

17.2

17.7

19.0

24.0

20.4

18.3

19.9

27.4

2.5
144.2

2.6
164.4

2.7
174.3

2.4
207.6

3.0
238.2

S e c u r i t y debt
T r a d e debt
Taxes payable
Miscellaneous

45
46
47
48

22

26

166.0

10.6

16.1

Security credit
Vault cash 8 comm. bank res,
Trade credit
Miscellaneous finan. assets

Total

liabilities

25
26
27
28

29

47
48

1.9
87.0

2.5
98.7

2.4
114.4

49
50
51

104.4
74.1
30.2

109.8
78.0
31.8

124.5
86.9
37.6

143.0
99.6
43.4

158.6
113.4
45.2

159.0
115.0
44.0

174.2
122.4
51".8

201.1
142.8
58.4

Net worth
C o r p o r a t e and s t o c k
N o n c o r p o r a t e and m u t u a l

49
50
51

52
53

213.2
19.2

204.3
21.7

237.2
24.9

272.4
29.0

213.0
33.9

133.6
40.7

155.6
48.2

208.2
53.5

Memo:
M a r k e t v a l u e of e q u i t i e s
Total real estate

52
53

in

of

Data

are

billions




dollars.

liabilities

M a r c h 10, 1 9 9 3
Private Financial

Institutions
Balance

Sheet

of P r i v a t e

6 Total

financial

assets

1979

2 8 9 5 .1

assets

2 Tangible assets
3
Residential structures
Nonres. plant 8 equipment
4
5
Land

1978

1981

1982

1983

1984

3 7 3 7 .0

4 2 3 8 .6

4 6 9 3 .4

5 2 8 2 .5

5 9 3 0 ..6

6 7 4 0 .2

1

106 .2
1 .3
79 .7
2 5 .2

1 2 7 .4
1 .3
9 7 .1
2 9 .0

1 5 3 .2
1 .2
1 1 8 .2
3 3 .8

1 8 0 .0
1 .2
140 .8
3 8 .0

2 0 5 .5
1 .2
1 6 0 .1
4 4 .1

228.8
1
178 .3
4 9 .4

2 5 8 .2
1 .3
201 .8
55 .1

2
3
4
5

2 7 9 9 .2

3 2 0 1 .7

3 6 0 9 .6

4 0 8 5 .3

4 5 1 3 .4

5 0 7 7 .0

5 7 0 1 .9

6 4 8 2 .0

6

13
14
15
16
17
18

Corporate equities
Credit market instruments
U.S. Treasury securities
Federal agency securities
State 8 local securitiesat
Corporate 8 foreign bonds

246
2241
165
102
182
318

.1
.7
.4
.0
.4
.5

280,.9
2 5 4 4 ..6
159..2
122..5
208,.7
354,.8

3 2 5 .0
2 8 5 5 .3
161 .5
146 .9
229..0
3 8 2 .2

19
20
21
22
23
24

Mortgages
Consumer credit
Bank loans n.e.c.
Open-market paper
Other loans
C u s t . l i a b . on a c c e p t a n c e s

773
240
301
41
90
25

.2
.8
.8
.4
.5
.7

880, 5
284,.3
360,.4
44,.7
104,.6
24,.9

25
26
27
28

Security credit
Vault cash 8 comm. bank res.
Trade credit
Miscellaneous finan. assets

38
40
10
165

.4
.8
.2
.0

liabilities

1980

3 3 0 8 .0

Checkable dep. 8 currency
Small time 8 savings dep.
M o n e y m a r k e t fund s h a r e s
Large time deposits
Fed. funds 8 security RPs
Foreign deposits

Total

Outstandings

.9
.7
.0
.2

95
2
71
22

7
8
9
10
11
12

29

Institutions

Institutions

Outstandings

1977

1 Total

Financial

Financial

Year-End

42
Year-End

Private
B.131

21
2
0
24
8

.4
.5
.2
.5
.2
*

2 4 .7
1 .8
0 .8
35 .3
9 .5
0,.5

27
2
2
48
14
5

.5
. 1
.2
.1
.4
.1

3 0 .5
2 .9
4 .5
61 .6
18 .7
6.
.8

32
3
12
84
33
18

.6
.2
. 1
.0
.8
.8

39
5
11
118
44
23

.4
.7
.4
.7
.3
.8

39 .7
7 .3
9 .9
120 .1
5 3 .6
21 .9

41 .3
7
6 .9
8
15 .1
9
1 3 0 . 7 10
71 .6 11
21 .2 12

4 0 4 ,.6
3 1 6 4 .7
198..6
179..8
2 5 2 ,.5
4 2 3 ..3

394..6
3 4 9 8 ..8
2 4 3 ..8
2 2 3 ..5
2 6 4 ..9
4 4 7 ,.7

5 2 3 .1
3 7 6 9 .3
3 3 5 .5
2 9 6 .0
2 8 7 .3
482..0

667..1
4 1 7 7 ,.1
414,.9
363,.4
301..5
527,,9

672,.5
4 7 9 2 .,3
498..3
416. 8
327. 7
609.8

13
14
15
16
17
18

978..9
323..6
410..8
70..6
119..4
32..5

1064.. 1
325,.8
4 5 8 ..5
92..2
130..1
39,.8

1 1 1 8 .. 1
341..9
5 1 2 .2
147..2
148..6
51,. 1

1115..9
3 5 8 .0
5 3 2 ..8
149..0
154..0
5 8 .8

1218..0
4 0 2 ..3
5 6 4 ..2
148..8
170..6
65,.7

1372. 5
4 8 0 ..9
622..5
190..3
204..0
69..4

19
20
21

38 .2
46,.7
11..7
2 0 7 ..3

37..6
4 8 .3
13,.6
230,.4

45,.7
47,.3
15 .6
2 8 2 .6

49,.2
43..9
18..1
324 . 1
.

5 2 .0
46..0
20..2
4 2 3 ..0

62,.8
42..4
22..2
4 7 7 .7

66..3
46..1
25..0
592..9

25
26
27
28

23
24

2 6 7 4 .2

3054. 4

3 4 3 9 ,.0

3864. 6

4 3 1 3 .,9

4 8 7 4 .0

5 4 8 0 ..3

6210..6 2 9

30
31
32
33
34

Checkable deposits
Small time 8 savings dep.
M o n e y m a r k e t fund s h a r e s
Large time d e p o s i t s
Fed. funds 8 security RPs

2 8 3 .7
9 4 0 .6
3 .9
172,.6
52..3

310..1
1005. 5
10. 8
2 2 7 .,6
76..1

337..7
1065..1
45..2
2 5 6 ..9
92..7

3 5 0 ..2
1147. 8
76.,4
316. 8
116.,2

3 6 7 .,3
1 1 9 5 ..6
186.,2
378.
144. 6

394,.8
1334,.3
2 1 9 ,.8
395..5
176..7

4 2 2 ..2
1550..9
179..4
382..4
188,.6

459
1701
233
469
229

35
36
37

Life insurance reserves
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

176 .4
5 0 7 .5
- 1 9 .2

187..3
601.,7
- 8 ..3

197..7
699..4
9.,4

2 0 7 .,4
8 3 9 ..6
-22. 5

2 1 6 ..3
910. 7
-68. 9

2 2 3 ..3
1 1 8 1 ..3
- 1 0 2 ..6

2 3 1 ..1
1408.8
- 1 0 0 ..4

2 3 6 .1 35
1568..3 36
- 9 1 ..6 37

38
39
40
41
42
43
44

M u t u a l fund s h a r e s
Credit market instruments
Corporate bonds
Mortgages
Bank loans n.e.c.
Open-market paper
Other loans

4 5 .5
200,.3
76,.9
2 .4
25,.7
75,. 1
20,.2

4 6 .,0
2 3 8 .,0
8 6 .,9
2. 0
27. 4
8 9 ., 1
32, 7

5 1 ..8
2 8 2 .3
94..5
2..0
28,.0
115,,9
41. 8

61. 8
3 2 7 ..2
120. 4
,9
1.
2 7 .. 1
128. 8
4 9 ..0

59. 8
387. 0
130. 0
1. 9
28. 4
161. 5
65. 2

76..9
421 ,
.9
149..9
2..0
29,,8
174..2
66..0

45
46
47
48

S e c u r i t y debt
Trade debt
Taxes payable
Miscellaneous

29..6

29. 5

30. 5

37.,2

40. 9

3..9
2 7 7 ..2

4. 8
325. 2

5..0
3 6 5 ..3

4..0
4 0 2 .,6

2. 7
493. 6

49 Net w o r t h
50
C o r p o r a t e and s t o c k
51
N o n c o r p o r a t e and m u t u a l

2 2 0 ..8
153..9
66..9

253. 6
174. 7
78. 9

2 9 8 ..1
2 0 8 ..0
90..0

373. 9
2 7 4 ..3
99. 6

5 2 M a r k e t v a l u e of e q u i t i e s
53 Total real estate

191.,9
5 8 ..4

198. 2
61. 6

231. 3
71.,5

260. 0
8 3 .,5

Data

are

in

liabilities

billions




of

dollars.

.3
.6
.6
.8
.0

30
31
32
33
34

112..1
4 6 1 ..7
175..6
2., 1
2 9 .,6
195. 5
59. 0

136..7
549..4
221 .
.4
2..5
31 ,
.4
219,.5
74..6

38
39
40
41
42
43
44

2..9
5 0 5 ..2

4 9 .,2
1. 0
2. 6
5 9 0 ..6

56..0
1.5
2..4
658..5

45
46
47
48

379. 4
279. 1
100. 3

408. 5
3 0 6 ..2
102..3

4 5 0 ..3
339. 8
110. 6

529,.6 49
419,.0 5 0
110..6 51

272. 5
96. 5

3 1 9 .,4
112..0

357.,0
124. 9

376. 5 5 2
140. 4 53

4 4 .. 1

M a r c h 10, 1993
Private Financial

Institutions

Private

Year-End

Balance

Sheet

of

Private

Financial

Financial

Institutions

Year-End

B.131

Outstandings

Institutions

Outstandings

1985

1986

1987

1988

1989

10475. 7

11604. 3

6
0
7
9

484. 1
3.
375. 7
105. 4

9211. 8

10039. 1

11120. 2
65. 5
9. 8
23. 7
1 9 0 ..2
119. 4
26. 4

1

7728. 3

8914. 4

9595. 1

2
3
4
5

292. 7
1. 7
228. 1
62. 9

338. 2
2. 0
262. 0
74. 1

383. 4
2. 6
294. 8
86. 0

6

7435. 6

8576. 3

436.
3.
334.
98.

1990

1991

11950. 4

13314. 9

7
0
1
6

541. 7
4. 6
4 5 1 .3
85. 8

11445. 7

12773. 2

504.
4.
412.
88.

80. 1
8. 7
39. 6
1 6 8 .,3
126. 2
2 7 .. 1

83. 9
1 3 .,4
4 7 ., 1
1 6 8 .,1
1 2 2 .,4
21. 6

1992

14234.8

Total

1

assets

536. 1 Tangible assets
Residential structures
5. 7
Nonres. plant 8 equipment
453. 6
Land
76. 8
13698. 7 Total
90. 6
14. 3
50. 0
172. 5
1 2 6 .,3
18. 6

financial

assets

2
3
4
5
6

Checkable dep. 8 currency
Small time 8 savings dep.
M o n e y m a r k e t fund shares
Large time deposits
Fed. funds 8 security RPs
Foreign deposits

7
8
9
10
11
12

Corporate equities
Credit market instruments
U.S. Treasury securities
Federal agency securities
State 8 local securitiesat
Corporate 8 foreign bonds

13
14
15
16
17
18

7
8
9
10
11
12

5 3 .,0
9. 6
18.,2
1 5 1 .,5
8 0 .,1
19. 0

60. 4
12. 9
23. 3
168. 2
86. 6
22. 2

56. 9
12.,9
18.,3
169. 9
9 2 .,1
2 1 .,6

63. 8
11. 6
19. 9
177. 5
9 9 ..2
29. 7

13
14
15
16
17
18

8 6 9 .,3
5360. 8
5 7 1 ..2
461 .
.7
4 2 7 .,4
6 8 9 ..9

1068. 4
6154. 4
696. 0
6 3 4 .,2
469. 9
825. 8

1 1 3 0 ..0
6 6 7 7 ..4
7 1 3 ..3
7 6 6 ..9
4 5 7 ..2
9 1 7 ..4

1271. 3
7 2 3 8 .,4
687. 9
846. 1
452. 9
1 0 6 7 ..6

1617. 9
7 8 2 3 .,6
781. 0
9 0 2 ., 1
454. 0
1 1 7 4 .,2

1511. 8
8243. 4
903. 9
1007. 1
4 7 4 .,3
1238. 8

2094. 7
8709. 5
1 1 7 9 ,,3
1 1 3 2 .,0
4 9 6 .,0
1 3 6 9 ..3

2406. 8
9 1 8 1 .,1
1402. 0
1272. 3
5 3 2 .,0
1 4 9 6 ., 1

19
20
21
22
23
24

1 5 1 4 ..0
5 5 9 ,.1
6 6 4 ..2
182..9
2 3 0 .5
60..0

1 6 7 9 .,9
6 1 2 ..1
7 2 7 ..8
1 9 9 .,0
2 5 5 ..3
5 4 .,4

1 8 6 2 ,.7
6 3 8 ,.0
7 2 7 ,.8
2 4 3 ..0
2 9 1 ,.2
5 9 ..8

2 0 6 1 .,1
6 8 1 .,2
767. 7
282. 5
3 3 4 .,0
5 7 ..5

2 2 0 8 .,8
7 2 8 ..7
8 1 9 ..6
3 3 7 .,9
3 6 1 ..9
5 5 ..4

2277. 7
742. 7
8 1 5 .,1
3 5 3 .,5
3 8 4 .,7
45. 5

2205. 8
7 3 1 .,2
7 8 8 ..0
3 8 7 ..7
3 8 4 ,.9
3 5 ..3

2 1 6 2 ..3
7 3 0 ..7
7 8 0 ..0
3 8 7 ..0
3 8 6 ..9
31..7

Mortgages
Consumer credit
Bank loans n.e.c.
Open-market paper
Other loans
C u s t . l i a b . on a c c e p t a n c e s

19
20
21
22
23
24

7 7 ..4
6 6 ..9
4 2 ,.5
9 4 0 ..8

8 0 ..7
64..2
4 5 ,.3
1 0 5 3 ,.6

75..0
71..2
4 7 ..2
1 0 4 7 ,.1

.9
101 .
63,.0
4 9 ,. 1
1 2 9 8 .6

1 4 4 ..6
64,.0
4 9 ,.6
1 3 8 0 ,.4

Security credit
Vault cash 8 comm. bank res.
Trade credit
Miscellaneous finan. assets

25
26
27
28

1 0 7 0 1 ,.5

1 1 0 1 5 ..8

1 2 2 8 9 ,.9

6 6 8 .5
2 3 2 5 ..3
4 9 8 ,.4
5 4 8 ,.7
379,.7

7 1 5 .0
2 3 4 2 .0
5 3 9 ..6
4 8 7 .9
3 6 3 .4

8 1 9 ,.2
2 2 7 9 .3
5 4 7 .9
4 0 9 .0
4 3 5 .2

Checkable deposits
Small time 8 savings dep.
Money market fund shares
Large time deposits
Fed. funds 8 security RPs

30
31
32
33
34

4 2 2 .5
4 2 8 2 .3
4 7 .4

Life insurance reserves
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 claims> net

35
36
37

.1
.2
.2
.7

9 7 ..1
7 3 ..8
32..1
7 7 7 ,.2

29

7 1 2 3 .0

8 2 1 9 ..0

8 8 5 3 .0

9 6 5 3 ..7

30
31
32
33
34

5 2 6 .2
1 8 4 2 .7
2 4 3 .8
4 8 7 .7
257.5

640
1962
292
492
304

628
2031
316
543
299

.2
.7
. 1
.3
.2

6 5 3 ,.3
2 1 6 9 .2
3 3 8 .0
5 9 6 ,.9
3 2 5 .0

649
2265
428
615
403

35
36
37

2 4 6 .5
1843 . 1
- 7 2 .9

2 6 3 .7
2 1 4 4 .7
— 6 7 .6

2 8 9 .5
2282 . 1
- 2 5 .2

3 1 4 .4
2 5 4 6 .9
- 2 0 .0

3 4 2 .8
2 9 8 1 .6
- 3 1 .8

3 6 8 .1
3 0 5 2 .5
- 7 .3

3 9 0 .0
3 9 4 7 .4
2 .2

25
26
27
28

96
54
27
696

.8
.6
.1
.7
.7

76
66
35
854

.2
.6
.7
. 1

.5
.4
. 1
.4
.2

1 3 1 7 6 ,.5 T o t a l

liabilities

29

38
39
40
41
42
43
44

240
639
261
2
34
252
88

.2
.4
.2
.7
.3
.4
.8

4 1 3 .5
7 9 3 .4
358.8
2 .7
3 8 .6
2 8 4 .6
1 0 8 .6

460
892
398
3
35
322
133

.1
.4
.3
.1
.0
.9
. 1

478
984
415
3
35
377
152

.3
.6
.1
.4
.6
.7
.8

566
1083
491
3
37
409
141

.2
.7
.9
.4
.5
. 1
.8

602
1105
528
4
38
417
117

. 1
.8
.2
.2
.6
.7
.1

813
1091
580
4
41
385
79

.9
.6
.2
.8
.8
.7
.1

1056
1148
621
5
49
392
79

.5
.6
.8
. 1
.0
.8
.9

Mutual fund shares
Credit market instruments
Corporate bonds
Mortgages
Bank loans n.e.c.
Open-market paper
Other loans

38
39
40
41
42
43
44

45
46
47
48

80
2
2
783

.5
.3
.8
. 1

83
3
3
888

.6
.4
.0
.3

73
3
2
1056

.5
.2
.8
. 1

74
7
3
1181

.8
.5
.5
.4

91
13
3
1288

.4
.8
.9
.3

98
15
3
1356

.6
.3
.9
.1

133
10
4
1448

.8
.0
.3
.7

167
21
4
1534

.6
.8
.6
.7

Security debt
Trade debt
Taxes payable
Miscellaneous

45
46
47
48

49
50
51

6 0 5 .3
4 8 1 .9
123.4

6 9 5 .4
5 5 6 .6
1 3 8 .8

7 4 2 .1
6 1 6 .3
1 2 5 .9

8 2 2 .0
6 5 7 .3
1 6 4 .7

9 0 2 .8
7 2 7 .7
175 . 1

9 3 4 .6
7 6 2 .0
1 7 2 .7

1025 . 1
7 9 5 .7
2 2 9 .4

1 0 5 8 .3 N e t w o r t h
C o r p o r a t e and s t o c k
8 2 4 .4
N o n c o r p o r a t e and m u t u a l
2 3 3 .8

49
50
51

52
53

5 2 1 .8
161 .0

5 6 4 .5
1 8 5 .4

4 6 6 .2
2 1 1 .5

5 0 2 .2
2 3 8 .5

5 1 6 .5
2 6 1 .0

4 0 9 .5
2 6 0 .8

5 7 9 .0
2 6 9 .2

Memo:
6 7 8 . 5 M a r k e t v a l u e of e q u i t i e s
2 7 5 .7 T o t a l r e a l e s t a t e

52
53

in

of

Data

are

billions




dollars.

liabilities

March

10,

Domestic

1993
Wealth

Domestic
R.ll

Annual

Factors

Domestic

7
8
9

investment

in

Domestic

+ Net

acq.

of

gold

in

Total,

all

1947

1948

wealth

5 5 .5
2 8 .6
2 6 .9

7 0 .,0
3 3 .,0
37. 0

0 .6

8 SDRs

domestic

sectors

1946

4 7 .3
2 3 .3
2 4 .0

+ 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
+ C h a n g e in l a n d v a l u e s
- A d j u s t m e n t of c a p i t a l c o n s u m p t i o n
to B a l a n c e S h e e t b a s i s
+ R e v a l . of S D R h o l d i n g s
= Change

Wealth

Wealth

1949

1950

1951

Flows

1952

flows:

C h a n g e in c o n s o l i d a t e d
net w o r t h :
10

Change

Annual

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
2 - Capital consumption
3 = Net c a p i t a l f o r m a t i o n

5
6

for

Flows

1945

4

Accounting

2 .2

5 3 .4
19 .3

6 9 .6
1 9 .0

61 .5
36 . 1
2 5 .4

8 5 .8
3 9 .5
4 6 .4

9 0 .3
4 5 .7
4 4 .7

83.3
49.7
33.6

1
2
3

1. 5

0 .2

- 1 .7

0 .1

0.4

4

19. 3
10. 1

.3
7 .9

4 5 .6
2 4 .6

33 . 1
2 3 .5

4.1
16.0

5
6

-

7
8

9 7 .2

1 1 7 .7

67. 9

9 7 .2

1 1 7 .7
112
146
76
21
16
31
1

3 3 .2

1 1 4 .8

101,.4

54.0

9

67. 9

3 3 .2

1 1 4 .8

101,.4

54.0

10

.2
.5
.3
.2
.1
.6
.3

60. 8
69. 1
41. 5
0. 1
9. 0
17. 5
1. 1

3 6 .3
4 6 .2
3 7 .2
-4
3 .5
8 .0
1 .7

110
167
107
21
10
25
2

.6
.5
.4
.8
.3
.2
.7

9 9 .3
1 4 4 .1
9 6 .2
12,.2
9 .5
2 4 ,.8
.4
1,

68.2
84.3
67.2
-2.0
3.0
14.1
2.1

11
12
13
14
15
16
17

domestic

(1)

11 P r i v a t e s e c t o r s , c o n s o l . ( 2 )
12
Sector basis, total
13
Households
14
Farm business
15
Nonfarm noncorp. business
16
Nonfinancial corporations
17
Private finan. institutions

94
137
80
14
13
28
1

.5
.7
.5
.2
.3
.0
.6

18 19
20

C h a n g e in e q . i n 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 .
Revaluation

5 1 .1
0 .6
5 0 .5

3 6 .2
- 7 .0
4 3 .2

9. 2
-3. 9
13. 2

.4
- 7 .2
6 .9

3 1 .6
- 5 .3
3 7 .0

2 1 .4
- 7 .7
2 9 -1

0.9
0.1
0.8

18
19
20

21 22
23

C h a n g e in H H c o r p .
Net purchases
Revaluation

equities

- 8 .2
0 .9
- 9 -1

- 2 .3
0 .9
- 3 .2

- 1 .2
0. 9
-2. 1

7 .8
0 .4
7 .4

2 3 .9
0 .4
2 3 .5

2 2 ,.5
.5
1,
2 1 ,.0

13.7
0.9
12.8

21
22
23

24 25
26

Change/fin.inst.corp.shares
Net purchases
Revaluation

0 .2
0 .3
.1

0 .3
0 .4
.1

0. 3
0. 4
1

2 .5
0 .9
1 .6

1 .3
1 .0
0 .4

0,.8
0 .7
0,.1

1.6
1.4
0.2

24
25
26

1 .9
0 .2
1 .7

14 .3
0 .1
14 .2

8. 5
1
8. 6

- 3 .8
.2
- 3 .6

4 .3
- 3 .0
7 .2

4.4
- 1 ,.1
5 .5
0,.1

-19.0
-5.5
-13.5
"

27
28
29
30
31

27
28
29
30
31

+ C h a n g e in n e t a s s e t s of p u b l i c
sectors
State 8 local governments
U.S. government
Sponsored credit agencies
Monetary authority
-

32

Other
33
34
35

*
3 .6

1 1 + 2 7 - 3 2 + 3 3 + 3 4 +
12 - 18 - 2 1 - 2 4 .

Memorandum items:
D o m e s t i c net w o r t h
at y e a r - e n d

37

Gross
are

7 .9

2. 1

1 .1

1 .0

-•.2

1.5

32

.7
4 .8
0 .2

- 1 .8
.8
1 .7

1. 2
0. 2
-• 6

.8
1 .8
0 .8

.8
1 .4
0 .4

- 2 .7
- 1 .5
1 .6

-1.8
-2.8
10.8

33
34
35

7 3 4 .3

802. 2

8 3 5 .4

9 5 0 .2

1 0 5 1 ,.6

1105.6

36

2 1 2 .4

2 3 5 .2

261. 6

2 6 0 .4

2 8 8 .3

3 3 3 .4

349.7

37

adjustments:

36

Data

*

assets

+ Nonfinancial discrepancy
+ Unallocated financial flows
+ Unallocated revaluations

CI) Lines
(2) Lines

*

6 1 6 .6

C h a n g e in net f o r e i g n
of U . S . r e s i d e n t s

Domestic
in




outstanding

Product

billions

35.

of

dollars.

M a r c h 10, 1993
Domestic Wealth

Domestic
R.11

Annual

Factors

Accounting

for

Change

in

Domestic

Flows

Annual

Domestic
1
2
3

89.0
53.3
35.7

85.9
57.6
28.3

4

-1.2

-.3

5
6

1.0
11.7

1.9
11.9

107.8
60.6
47.2
*

20.9
20.7

110.3
67.5
42.9

110.3
72.9
37.4

101.6
76.2
25.4

121.6
79.7
41.9

122.1
82.5
39.6

0.3

0.8

-2.3

-1.1

-1.7

36.1
27.4

9.0
23.9

6.1
22.4

*
-

9

*
47.2

41.8

*
88.8

-

*
-

106.7

71.1

*
-

51.6

flows:

P u r c h a s e s of p h y s i c a l a s s e t s
- Capital consumption
= Net capital formation

1
2
3

+ Net

4

acq.

of

gold

8

SDRs

63.1

7
8

49.8

5.2
17.1

*
-

investment

Flows

+ 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
-1.9
tangible assets
1 3 . 9 + C h a n g e in l a n d v a l u e s
A d j u s t m e n t of c a p i t a l c o n s u m p t i o n
*
to B a l a n c e S h e e t b a s i s
+ R e v a l . of S D R h o l d i n g s

7
8

Wealth

Wealth

9

= Change

in

domestic

inge in c o n s o l i d a t e d
net w o r t h :

wealth

5
6

domestic

10

47.2

41.8

88.8

106.7

71.1

51.6

63.1

49.8

Total,

11
12
13
14
15
16
17

57.0
51.4
34.9
-1.4
3.1
12.8
2.1

50.6
128.2
110.6
0.9
1.5
9.7
5.4

88.3
152.9
112.5
2.3
6.6
27.7
3.8

109.8
144.6
91.8
7.4
8.7
34.1
2.7

78.1
50.6
18.4
6.4
4.4
20.7
0.7

71.1
196.7
167.7
10.0
4.0
9.9
5.0

69.1
105.0
82.8
1.9
2.0
15.2
3.1

54.9
52.7
42.3
1.2
1.3
3.8
4.1

Private sectors, consol. (2)
Sector basis, total
Households
Farm business
Nonfarm noncorp. business
Nonfinancial corporations
Private finan. institutions

8.7
-3.0
11.7

15.4
-1.8
17.2

10.3
-1.7
12.0

13.3
1.2
12.1

3.5
-6.9
10.4

1.9 -3.9
5.8

C h a n g e i n e q . i n n o n c o r p . b u s . 18
P r o p r i e t o r s ' net invest.
19
Revaluation
20

-7.7 -1.4
-6.3

C h a n g e in H H c o r p .
Net p u r c h a s e s
Revaluation

18

1.6

2.1

19
20

1.1
0.5

-2.1
4.3

21

-8.2

70.6

23

-8.9

70.4

49.5
0.3
49.2

17.6
1.0
16.6

-37.4
0.4
-37.8

101.4
0.2
101.2

26.1
-1.1
27.2

24
25
26

1.1
1.3
-.3

4.8
1.5
3.3

6.4
1.5
4.9

1.8
1.5
0.3

—.4
2.3
-2.7

10.8
2.4
8.4

6.3
3.3
3.0

27
28
29
30
3

-12.4
-3.5
-8.9
*
*

-9.2
-3.8
-5.4
*

-.8
-3.2
2.4
*
*

2.8
-3.0
5.7
*
*

-1.9
-4.7
2.7
0.1

-15.2
-5.5
-9.8
*

-7.2
-4.3
-2.9
*

1.5

3.5

22

0.6

1

32

0.2

*

1.3

0.2

*

*

4.0

*

2.5

-2.9
0.9
5.9

-2.5
0.6
2.3

-1.2
0.3
3.8

2.8
-5.1
-.2

1.9
-.5
-2.4

1.3
-1.2
-1.9

Change/fin.inst.corp.shares
Net p u r c h a s e s
Revaluation

24
25
26

27
28
29
30
31

-

- Change
2.6
of

1.9
1.6
-2.1

2.8
-1.1
-3.4

(1) Lines
(2) Lines

1194.6

1283.4

1390.1

1461.2

1512.9

1576.0

37

370.0

370.8

404.3

426.2

448.6

454.6

494.1

in

of

Data

are

billions




dollars.

10
11
12
13
14
15
16
17

+ C h a n g e in n e t a s s e t s o f p u b l i c
-.9
sectors
-3.4
State 8 local governments
2.5
U.S. government
*
Sponsored credit agencies
Monetary authority

0.1

1152.8

(1)

21
22
23

3.6
3.4
0.2

*

36

sectors

equities

Other
33
34
35

all

in n e t f o r e i g n
U.S. residents

32

adjustments:

+ Nonfinancial discrepancy
+ Unallocated financial flows
+ Unallocated revaluations

1 1 + 2 7 - 3 2 + 3 3 + 3 4 +
1 2 - 1 8 - 2 1 24.

Memorandum items:
D o m e s t i c net w o r t h
1625.8
at y e a r - e n d
513.5

assets

Gross

Domestic

33
34
35

35.

outstanding
36
Product

37

M a r c h 10, 1993
Domestic Wealth

Annual

Domestic
R.ll

46

Domestic

+ Net

investment

acq.

= Change

10 T o t a l ,

of

gold

119.8
85.1
34.7

in

domestic

21
22

all

sectors

24
25

Change

in

net

33
34
35

36

assets

158.6
95.6
63.0

181.4

0.3

-5.0
27.8

12.5
19.3

14.4
27.3

100.6

80.8

198.9
107.5
91.4

198.6

220.9

128.0

2

81.8

92.9

3

48.5
30.1

36.4
35.0

98.5
55.3

116.8

1

21.1

0.3

-.3
169.1

of

67.7

76.3

94.6

121.1

169.1

152.1

245,.5 10

78.9

-4.0
4.3
5.4
13.9
3.3

81.4
176.1
147.5
5.7
4.4
14.5
4.0

107.3
179.5
137.1
5.6
7.5
23.6
5.8

133.1
234.9
169.7
13.8
8.9
37.6
4.9

178.4
138.0
70.8
7.1
16.9
43.5
-.4

177.7
360.3
289.2
9.9

2 5 9 ..3
4 4 8 .6
3 4 4 .0
12 .0
2 4 .9
5 8 .6
9 .2

9.1
-3.2
12.3

9.5
-3.0
12.5

12.5
-5.4
17.8

23.5

-3.6
25.4

-2.2
25.7

19.3
-4.1
23.4

35 .9 18
- 2 .7 19
3 8 .6 2 0

-61.7
-2.7
-59.0

72.5
-3.0
75.5

-2.1

64.8
-4.8
69.6

-59.6
-3.5
-56.1

135.4
-5.7
141.1

130 .6 21
- 1 0 .7 2 2
141 .3 23

-3.5
4.2
-7.7

12.7
3.9
8.9

12.8

15.2
5.9
9.3

-4.4
5.9

27.8

-10.2

19.1

2 2 .8 2 4
10 .7 25
12 . 1 2 6

-7.7
-3.1
-4.7

-4.7
-2.7

-6.9
-3.0
-3.9

-7.1
-3.9
-3.3

-12.9
-5.0

99.5

-1.1
100.6
15.1
4.1

11.1

22.8

47.0
49.1

4.4
8.5

21.8

10.2

44.0
7.0

8.8

11
12
13
14
15
16
17

public
-9.9
-3.8

-6.1

0.1

-2.1

0.1

-4.2
-2.5

-1.8
0.1

0.1

-8.0
0.2

- 1 2 .8
- 4 .6
- 8 .5
0 .3

27
28
29
30
31

assets
4 .0 32

adjustments:

11 + 2 7 12 - 18 -

37 G r o s s

Domestic

Data

in




-1.2

1.9
1.9
-1.3

0.7
-.3

1750.4

1826.6

1921.2

2042.4

2211.5

2363.6

2609.1

36

531.7

571.6

603.1

648.1

702.6

769.7

814.3

889.3

37

-.9

0.8

0.9

2.0
-4.7

-2.7
-1.9

6.2

-.8
-2.2
— 6.2

*
4.5
-1.4

33
34
35

+ 35.

outstanding

Product

billions

1.2

2.3
-1.2
-.5

1682.7

3 2 + 33 + 34
21 - 2 4 .

Memorandum items:
D o m e s t i c net w o r t h
at y e a r - e n d

are

24.0

8.6

+ Nonfinancial discrepancy
• Unallocated financial flows
+ Unallocated revaluations

(1) Lines
(2) Lines

-1.0

-2.0
10.6

equities

C h a n g e in n e t f o r e i g n
of U . S . r e s i d e n t s
Other

145.2
91.2
54.0

70.2
193.4
165.2
5.0
4.1
11.4
7.6

State 8 local governments
U.S. government
Sponsored credit agencies
Monetary authority

29
30
31

134.9
87.7
47.2

56.9

27

28

Flows

domestic

Change/fin.inst.corp.shares
Net p u r c h a s e s
Revaluation

26

Wealth

Wealth

121.1

(1)

C h a n g e in H H c o r p .
Net p u r c h a s e s
Revaluation

23

Domestic

wealth

C h a n g e in e q . i n 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 .
Revaluation

19

in

8 SDRs

11 P r i v a t e s e c t o r s , c o n s o l . ( 2 )
12
Sector basis, total
13
Households
14
Farm business
15
Nonfarm noncorp. business
16
Nonfinancial corporations
17
Private finan. institutions

18

Change

flows:

C h a n g e in c o n s o l i d a t e d
net w o r t h :

20

for

Annual

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
C h a n g e in l a n d v a l u e s
A d j u s t m e n t of c a p i t a l c o n s u m p t i o n
to B a l a n c e S h e e t b a s i s
R e v a l . of S D R h o l d i n g s
9

Accounting

Flows

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
2 - Capital consumption
3 = Net capital formation
4

Factors

of

dollars.

M a r c h 10, 1993
Domestic Wealth

Domestic
R.11

Annual

Factors

Accounting

for

Change

in

Domestic

Wealth

Wealth

.

47

Flows

Annual

Domestic
241.4
141.5
99.9

235.7
154.6

81.1

272.8
169.4
103.4

316.4
186.3
130.1

367.2
203.8
163.4

368.8
234.1
134.7

360.4
272.2

88.2

446.4
301.4
145.0
0.1

186.0

56.0

99.3

248.8
156.3

0.9

1.4

275.7

79.9
42.7

116.8

0.1

95.9
46.9

416.5

569.9

395.1
148.8

275.3
175.4

investment

Flows

flows:

P u r c h a s e s of p h y s i c a l a s s e t s
- Capital consumption
= Net c a p i t a l f o r m a t i o n

1
2
3

+ Net

4

acq.

of

gold

8

SDRs

+ 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
261.2
tangible assets
2 1 9 . 5 + C h a n g e in l a n d v a l u e s
- A d j u s t m e n t of c a p i t a l c o n s u m p t i o n
to B a l a n c e S h e e t b a s i s
*
*
+ R e v a l . of S D R h o l d i n g s
625.8

= Change

in

domestic

C h a n g e in c o n s o l i d a t e d
net w o r t h :

wealth

203.8

275.7

416.5

569.9

678.8

538.8

625.8

Total,

245.2

226.6
241.3
146.0
5.0
17.6
67.2
5.4

449.7
649.1
434.6
36.3
39.1

580.6
483.1

58.2
8.9
19.5
70.9
3.1

300.5
488.0
337.5
18.7
29.2
87.8
14.7

726.8
554.4
194.1
38.1
42.2
279.7
0.4

652.6
931.9
635.0
48.9
36.0
196.8
15.2

690.3
953.6
644.8
71.3
48.3
162.3
26.9

17

18

73.3
-17.4
90.7

133.7

81.0
-22.0

132.6

77.7
-35.5
113.2

103.0

113.1
-25.9
139.0

-

-7.4
29.6

46.7
-7.3
54.0

C h a n g e in e q . i n n o n c o r p . b u s .
P r o p r i e t o r s ' net invest.
Revaluation

95.3
-5.4
100.7

84.0

-198.4
-3.2
-195.2

-203.4
-.7
-202.7

140.4
-4.7
145.0

116.2
3.5
112.7

-

92.8

C h a n g e in H H c o r p .
Net purchases
Revaluation

45.5
19.4

42.1
21.4
20.7

-32.7

-46.7
5.6
-52.4

57.9

34.1
8.7
25.3

-

-44.7

Change/fin.inst.corp.shares
Net p u r c h a s e s
Revaluation

-15.2

-. 6

-12.5
-3.7

-80.4
-5.5
-76.7
1.7
0.1

27.6
-7.7
35.3

19

20
21
22

-107.8
-7.3
-100.5

23
24
25

-4.4

12.0

-16.5

-2.8

-13.7
9.0

26

-16.4

10.8
-1.8

27

-1.1

-20.2

-7.7
6.4
0.3

-9.0
-11.5
0.3

28
29
30
31

26.1

-30.1
-8.9
-21.5
0.3

120.6
18.5

-8.8

1.1

-16.7
0.3

188.8

78.3
58.7
141.6
15.6

1.0

12.0

4.5
-6.3

1.1
0.1

-11.1

2.1

0.1

11.2

46.8

Other
2.6
5.4
-8.8

-1.0
11.0
-11.2

-4.2
2.0
-6.3

-1.4
1.9
-23.1

0.4
7.6
-13.5

0.6
12.6
-47.7

-6.0
11.8
-13.8

all

sectors

-10.3
12.7
77.4

CI) Lines
(2) Lines

11
12

in n e t f o r e i g n
U.S. residents

27
18

3332.

3748.8

4318.6

4997.4

5536.2

Memorandum items:
D o m e s t i c net w o r t h
6162.0
at y e a r - e n d

1010.7

1097.

1207.0

1349.6

1458.6

1585.9

1768.4

in

billions




of

dollars.

assets

33
34
35

33 *
24.

3056.6

Gross

27
28
29
30
31

adjustments;

959.4
are

equities

+ Nonfinancial discrepancy
+ Unallocated financial flows
+ Unallocated revaluations

2852.9

Data

(1)

+ C h a n g e in n e t a s s e t s of p u b l i c
-60.6
sectors
-2.3
State 8 local governments
-60.0
U.S. government
1.6
Sponsored credit agencies
0.1
Monetary authority
- Change
83.7
of

33
3^
35

9

P r i v a t e s e c t o r s , c o n s o l . (2)
Sector basis, total
Households
Farm business
Nonfarm noncorp. business
Nonfinancial corporations
Private finan. institutions

160.6

16

7
8

domestic

243.7
11
12
13
14
15

5
6

Domestic

outstanding
36
Product

37

M a r c h 10, 1 9 9 3
Domestic Wealth

Annual

Domestic
R.ll

48

Factors Accounting

for

Change

in D o m e s t i c

Annual Flows

Flows

1983

1977

Domestic

investment

• Net

acq.

of

gold

1978

1979

540.9
336.4
204.5

636.3
380.2
256.1

694.5
436.2
258.2

498.1
181.9

786.5
563.6
222.9

8 SDRs

371.8
223.0

506.4
327.3

423.0

670.7
426.2

496.8
278. 1

*
0.1

-.3

—. 4

7
8

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
+ C h a n g e in l a n d v a l u e s
- A d j u s t m e n t of c a p i t a l c o n s u m p t i o n
to B a l a n c e S h e e t b a s i s
• R e v a l . of SDR h o l d i n g s

9

= Change

in

739.9
613.1
126.7

821.7
642.8
178.8

1036.8
669.4
367.4

1
2
3

225.4
205.7

134.5
253.6

149.3
294.3

5
6

-7.0
-.3

-3.2
-.4

7
8

-2.8

domestic

wealth

C h a n g e in c o n s o l i d a t e d
net w o r t h :

680.1

0.2

•

5
6

1984

1980

flows:

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
2 - Capital consumption
3 = Net capital formation
4

Wealth

Wealth

0.1

618.6
-.4
-.5

-.1

1002.1

799.7

domestic

8 1 4 ..8 10

799,.7

1 0 8 8 .9

1300,.9

1 2 7 9 .2

1 0 0 2 .1

5 5 9 ..7

573..7

11 P r i v a t e s e c t o r s , c o n s o l . ( 2 )
Sector basis, total
12
Households
13
Farm business
14
Nonfarm noncorp. business
15
Nonfinancial corporations
16
Private finan. institutions
17

8 4 9 ,.9
917..4
5 5 5 .2
52,.6
76,.2
2 1 3 ..8
19,.7

1 1 4 7 .7
1381,.6
8 4 3 .9
108..4
103,.6
292,.9
32.,7

1381..8
1806,.5
1134,.2
104,.3
137,.7
3 8 5 .7
44,.5

1422,.5
2 0 3 0 .8
1309,.5
8 3 ,.6
153,.8
4 0 8 .0
75,.9

1104,.0
1 1 8 9 .6
6 9 2 .9
-11.
163 .3
3 3 9 .0
5 .5

700..4
905,.3
765 . 1
- 3 7 .3
34,.9
113,.4
29,. 1

751,.2
1078,.7
8 9 9 ,. 1
5,.1
42,.2
90,.5
41 ,
.8

18 19
20

C h a n g e in e q . i n 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 .
Revaluati cn

123.,7
- 2 1 ..4
145..0

2 0 3 ..6
- 3 1 ..8
2 3 5 ..4

2 3 3 ,.9
- 5 2 ,.9
2 8 6 ,.7

2 3 1 ,.9
- 6 1 ..2
293,.1

153..0
- 4 5 .7
1 9 8 .7

0..7
- 8 1 ,.9
8 2 ..6

46,.8
- 8 7 .,8
134..6

- 3 2 .. 1 18
- 8 2 .9 19
50,.7 2 0

21 -

Change i n H H corp.
Net p u r c h a s e s
Revaluation

equities

23

- 4 8 .2
- 7 ..2
-41 .
.0

- 4 ,.6
- 1 2 ,,3
7,.7

148,.3
- 2 4 ,.0
172,.3

2 9 9 ..2
- 1 2 ,.3
311 .5

— 60,. 1
- 4 3 .5
- 1 6 .6

77 .2
- 2 3 ..2
100..4

139..3
- 3 0 .. 1
169..5

- 3 ,.3 21
- 7 1 .3 2 2
,
68 .0 23

24 25
26

Change/fin.inst.corp.shares
Net p u r c h a s e s
Revaluation

- 7 ..9
11 ,
.2
- 1 9 ,.0

42,.5
18,.7
23..8

77..3
2 3 .0
54..3

- 7 .3
28 . 1
- 3 5 .4

127..0
27..8
99 .2

141,.4
51,.5
8 9 ..9

3 .3 24
2 .7 2 5
0 .5 26

-85.6
-10.7
-76. 1

-147.2
-3.3
-145.5
1.5

-186.1
6.2

-60.2

- 1 7 4 . 3 27
5 . 4 28
-182. 2 9
2 . 4 30
*
31

10 T o t a l ,

27
28
29
30
31

-

(1)

-42.0
12.3
-54.8
0.4
0.1

1 1 + 2 7 - 3 2 + 3 3 + 3 4 +
12 - 18 - 21 - 2 4 .

37 G r o s s D o m e s t i c
are

-14.6
5.5

-21.2

-193.3

11
12
13
14
15
16
17

0.5

1.2

0.1

0.1

0.1

-14.8
-7.4
-23.3

-11.9

-34.0

7.4
15.2
-13.9

-10.2

9.6

-22.9
-3.3

9.2
-5.1
-74.9

8050.6

9351.5

10630.7

11632.7

12192.5

12766.2

13581.0

36

2232.7

2488.7

2708.0

3030.6

3149.6

3405.1

3777.2

37

1.0

1.1

0.1

0.1

-10.8
-1.4
3.1

-7.6
-5.8
5.8

-15.0

1974.1

1.0

-.9

adjustments:

Memorandum items:
D o m e s t i c net w o r t h
at y e a r - e n d

Data

-31.5
4.9
-37.6

950..6
918,.4
8 0 0 ..7
- 9 9 ..7
59..5
78..6
79..2

assets

• Nonfinancial discrepancy
+ Unallocated financial flows
• Unallocated revaluations

CI) Lines
(2) Lines

34,.8
12,.7
22,. 1

6961.7

C h a n g e in net f o r e i g n
of U . S . r e s i d e n t s

Other

36

sectors

+ C h a n g e in net a s s e t s of p u b l i c
sectors
State 8 local governments
U.S. government
Sponsored credit agencies
Monetary authority

32

33
34
35

all

in




60.0

of

dollars.

33
34
35

35.

outstanding

Product

billions

-20.2

M a r c h 10, 1993
Domestic Wealth

Domestic

Annual

Wealth

49

R.11 F a c t o r s A c c o u n t i n g for C h a n g e in D o m e s t i c H e a l t h

Annual

Flows

1985

1986

1987

1988

1989

1990

1991

1992

Domestic
1
2
3

1067.5
711.6
355.9

1107.2
756.8
350.4

1153.0
803.0
350.0

1230.7
858.5
372.2

1291.6
930.4
361.2

1263.8
982.0
281.8

1167.2
1030.6
136.7

4

0.9

0.2

0.5

-.1

0.5

0.2

-.2

242.0

201.0

349.6
292.4

229.1
366.0

0.7

0.8

1.4

-.5

772.3

794.5

993.9

353.5
407.2

315.5
-614.7

212.9
-215.5

-5.8

163.0
251.8

-8.0
0.8

-.4
0.4

966.6

-.2

investment

flows:

1 2 5 1 . 2 P u r c h a s e s of p h y s i c a l a s s e t s
1072.9 - Capital consumption
178.4 = Net capital formation
-3.3

• Net

acq.

of

gold

&

9 9 3 .9

794, 5

-35.9

9 6 6 ..6

1 1 2 8 ..1

- 8 .4

1 3 4 .7

SDRs

• 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
221.4
tangible assets
- 4 3 5 . 1 • C h a n g e in l a n d v a l u e s
- A d j u s t m e n t of c a p i t a l c o n s u m p t i o n
-2.3
to B a l a n c e S h e e t b a s i s
0.6 • R e v a l . of S D R h o l d i n g s
= Change

in

domestic

C h a n g e in c o n s o l i d a t e d
net w o r t h :
772,.3

Flows

- 3 5 ..9 T o t a l ,

all

sectors

wealth

5
6
7
8
9

domestic

(1)

249. 4 P r i v a t e s e c t o r s , consol. (2)
Sector basis, total
6 2 1 ..0
Households
7 8 5 .3
Farm business
- 2 ..3
Nonfarm noncorp. business
- 1 0 0 ..3
Nonfinancial corporations
-119.
Private finan. institutions
57. 5

.8
.8
.5
.3
.9

5 2 8 .3
1 4 9 6 .2
1 7 8 9 .8
- 9 .4
- 7 6 .0
- 2 7 9 .6
71..5

151 8
- 3 2 ..5
184,.3

- 7 5 .5
- 3 9 ..3
- 3 6 .2

- 8 1 .6
.8
- 8 0 .8

- 1 0 4 ..2 -10. 6
- 9 3 ..6

2 8 5 ..1
-139
4 2 4 ,.2

- 1 6 2 .5
- 2 7 .2
- 1 3 5 .4

5 0 7 .6
- 5 7 .2
5 6 4 .8

186. 2 - 3 2 ..9
2 1 9 ..1

C h a n g e in H H c o r p .
Net purchases
Revaluation

equities

21
22

333. 4
27..9
3 0 5 ..5

- 1 2 1 .1
- 4 .1
- 1 1 7 .0

5 4 1 .9
9 6 .4
4 4 5 .5

289. 7 104. 4
185. 3

Change/fin.inst.corp.shares
Net p u r c h a s e s
Revaluation

24
25

-195.4
-5.7
-192.7
2.9
0.1

-206.8
-34.9
-174.8
2.8
o.l

-233.3
-43.7
-192.8
3.1
*

-267.8
-30.1
-240.9
3.1
*

-129.0

-104.9

-21.6

-39.7

8 8 3 .6
1 4 4 2 .6
1 2 7 0 ,.0
- 7 0 ,.0
8 9 .5
7 7 .4
75,.7

13
14
15
16
17

18
19

20
21

22
23

1 0 8 6 .9
1 1 2 9 ,.3
8 6 8 .1
5 5 .4
8 4 .6
74 .5
4 6 .7

1089. 8
1 4 6 1 ,.1
1099. 4
2 9 ..9
90..0
161. 9
79. 9

62..5
- 3 4 ,.7
9 7 .2

131 .4
- 6 0 ,.9
192..3

120..0
- 3 1 ..2
151.,1

3 4 6 ,.9
- 1 2 6 .5
4 7 3 .4

12

9 7 9 .8
1362,.3
1 1 5 9 .3
- 3 0 ,.0
8 7 ,.7
55,.2
90,.1

2 6 .0
- 6 5 ,.8
91 .8

11

1326,.6
2 0 9 6 ..9
1 7 1 8 .1
27..4
125..3
1 4 5 .3
8 0 ,.7

139,.3
- 1 3 6 ,.3
2 7 5 ,.6

- 1 5 0 ..4
- 1 0 3 ..9
- 4 6 ..5

118..7
- 1 2 2 ..0
2 4 0 ..6

24
25

1 8 6 .0
5 4 .9
131 .1

180,.7
46,.8
134,.0

61 .5
2 5 .2
36 .3

27

-190.8
15.6
-205.9

-225.6
7.7
-233.9
0.5

-197.8
— 17.6

26

28
29
30
31

-.6
0.1

-182.0
1.7

0.1

0.1

132. 7
- 2 .. 1
134. 8

211
-148
-77
9
-81
-30
31

.0

C h a n g e in e q . i n 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 .
Revaluation

24.8
-16.7

— 1.3
-53.7
-23.4

13.9
7.7
-25.4

8.2

28.5

-20.6
-64.7

-.9
-68.3
-27.3

-5.5
-13.2
10.9

-21.9
18.3
-161.9

14353.3

15147.8

16141.7

17108.3

18236.4

18228.1

18362.8

37

4038.8

4268.7

4540.0

4900.4

5250.8

5522.2

5677.5

Data

are

in

billions




of

dollars.

19

20

23

26

27
28
29
30
31

- Change
-170.7
of

32

-31.0
22.8
-45.5

(1) Lines
(2) Lines

36

16

17

• C h a n g e in n e t a s s e t s of p u b l i c
-402.4
sectors
-46.7
State 8 local governments
-360.4
U.S. government
4.7
Sponsored credit agencies
0.1
Monetary authority

Other
33
34
35

12
13
14
15

in net f o r e i g n
U.S. residents
adjustments:

• Nonfinancial discrepancy
• Unallocated financial flows
• Unallocated revaluations

1 1 + 2 7 12 - 18 -

32
21

Gross

33
34
35

33 •
24.

Memorandum items:
D o m e s t i c net w o r t h
18326.9
at y e a r - e n d
5950.8

assets

Domestic

outstanding
36
Product

37

M a r c h 10, 1993
U.S. Net F o r e i g n

Assets

U.S.

5 Q
Annual

R.109

Factors

Accounting

for

Change

in

U.S.

Net

Foreign

Net

Foreign

Flows

Annual

1 U.S. net f o r e i g n i n v e s t m e n t
Net U . S . a c q . of f g n . a s s e t s
2
3
- N e t f g n . a c q . of U . S . a s s e t s

1.3
1.3

1.3
3.5

0.7
1.3
0.7

0.3

1

1.6

2

1.2

3

4

+ U.S.net

sales

8

SDRs

-1.5

1.7

-.1

-. 4

= U.S.net

fgn. investment,

adj.

1.5

-.5

0.6

-.1

6
7
8

+ R e v a l u a t i o n of f o r e i g n e q u i t i e s
held by U.S. r e s i d e n t s
C h a n g e in v a l u e
-Net purchases

0.4
0.5

0.1
0.2

0.1

9
10
11
12
13
14

gold

9.9
9.0

-.8

Flows

5

-

of

4.9
3.0
-1.9

Assets

Assets

R e v a l u a t i o n of U . S . c o r p o r a t e
equities held by foreigners
C h a n g e in v a l u e
-Net purchases

0.1

0.1

*
18
19
20

Reval.of
Change
-Direct

• Other

22

=.Changein

revaluations
U.S.net

capital

fgn.assets

gains.

Memo:
Net

Data

foreign

are

in

1.1

assets

billions




outstanding

of

0.5
1.3
0.7

0.2
0.2

0.4
0.4

0.4

0.5
1.1

1.1

0.4
0.5

0.1

0.7

1.2

0.7

0.6

0.5

0.1

0.4
0.5

0.3

0.3
0.3

9
10
11

0.9
1.7
0.9

12
13
14

0.2
0.3
0.1

15
16
17

*
*

0.1

18
19
20

0.1

0.2
0.2

1.2
1.2

0.4
0.4

0.2
0.2

-.5

R e v a l u a t i o n of U . S . o f f i c i a l
e x c h a n g e 8 net IMF p o s i t i o n
C h a n g e in v a l u e
- N e t i n c r e a s e in f g n . l i a b .

(1) Excludes

0.4
0.7

0.3

0.1

1.4

0.8 21

3.6

2.1

1.1

1.0

1.5

fgn.dir.inv.in, U.S.
in v a l u e
investment CI)

21

-.2
-.1

-.1

• R e v a l . of U . S . d i r . i n v . a b r o a d
C h a n g e in v a l u e
-Direct investment (1)

15 16
17

23

0.1
0.1

dollars.

0.1

0.2
0.1

0.1

0.2
0.1

fgn.

22

M a r c h 10- 1 9 9 3
U.S. Net F o r e i g n

U.S.

Assets
R. 109

Annual

Factors

Accounting

for

Change

in

U.S.

Net

Foreign

Foreign

-1.3

-.3

1.2

2.2

51

1.5

1.4
1.4

0.8

2.1

4.6
4.9
0.3

0.4
3.8
3.5

-1.9

2.8
4.6

U . S . net f o r e i g n i n v e s t m e n t
N e t U . S . a c q . of f g n . a s s e t s
- N e t f g n . a c q . of U . S . a s s e t s

1.1

1.7

+

2.6

-.8

3.5

= U.S.net

0.2

-.4
—. 4

0.5
0.9
0.3

0.4

2.3

0.7

0.1

-.1

0.4

2.0

0.8

1.0

1.2

2.4
1.4

0.3
0.4

0.3
0.5

0.1

-.1
-.1
-.1

0.3
0.5
0.3

0.4

9
10

-.1

1.2

0.1

-1.0

1.3

- . 1

0.5

0.1

0.4
0.3

-.9

11

1.1
1.6

12

0.8

1.2

1.5
0.7

0.7
1.4
0.7

0.9

13
14

0.8

2.0

3.1

0.4
2.9
2.4

15

0.1

0.2

0.1

0.6
0.2

1.8

0.1

2.2

0.6

0.2

1.1

U.S.net

9
10
11

-.9
2.0
2.9

• R e v a l . of U . S . d i r . i n v . a b r o a d
C h a n g e in v a l u e
- D i r e c t i n v e s t m e n t (1)

12
13
14

*
0.3
0.3

-

15
16
17

0.2

0.4

0.3

-.1

-.1

-. 1

-.2
-.2

-.1

0.6
0.6

0.4
0.4

21

1.3

0.6

1.6

4.1

-.7

1.0

0.5

0.1

+ Other

22

1.3

0.2

1.5

3.5

4.0

2.5

0.1

2.6

= Change

18
19

20

Reval.of
Change
-Direct

billions




of

dollars.

U.S.

revaluations

(1) Excludes

in

fgn.dir.inv.in
in v a l u e
i n v e s t m e n t (1)

R e v a l u a t i o n of U . S . o f f i c i a l f g n .
e x c h a n g e 8 net IMF p o s i t i o n
-.4
C h a n g e in v a l u e
-.4
- N e t i n c r e a s e in f g n . l i a b .

Memo:
34.0 Net

are

fgn.investment»

4

- R e v a l u a t i o n of U . S . c o r p o r a t e
-.3
e q u i t i e s held by f o r e i g n e r s
-.1
C h a n g e in v a l u e
0.2
-Net purchases

0.2

0.2

8 SDRs

6
7
8

0.2

0.1

gold

+ R e v a l u a t i o n of f o r e i g n e q u i t i e s
-.4
held by U.S. r e s i d e n t s
0.3
C h a n g e in v a l u e
0.7
-Net purchases

0.3
0.4

0.2

of

5

0.1

0.4

sales

1
2
3

adj.

0.2

0.3

17

Flows

1.8
5.7
3.9

2.3

16

Assets

Annual

Flows

-1.7
0.5

Data

Net

Assets

in

U.S.net

capital

foreign

assets

18
19
20
21

fgn.assets

22

gains.

outstanding

23

M a r c h 10, 1993
U.S. Net Foreign

U.S.

Assets

52
Annual

R.109

Factors

Accounting

for

Change

in

U.S.

Net

Foreign

Net

Foreign

Assets

Assets
Annual

Flows

Flows

1964

4
5

•

•

9
10
11

of

gold

8

•
18
19
20

-1.4
-.7
0.7

—. 4
0.9
1.3

-. 4
1.2

1.2
0.8

-1.7

12.2
12.9
0.7

-.7
0.4

-. 6

-1.0

0.7

0.8

R e v a l u a t i o n of U . S . c o r p o r a t e
e q u i t i e s h e l d by f o r e i g n e r s
C h a n g e in v a l u e
-Net purchases

2.2
2.5
0.3

-1.6

0.2
2.9
2.7

-.3

0.2
0.5
0.3

-.1

adj.

fgn.dir.inv.in U.S.
in v a l u e
investment (1)

revaluations

capital

Memo:
Net foreign

are

in

assets

billions




fgn.assets

gains.

outstanding

of

-.2

1.0

-1.5

0.1

2.6
2.9

0.2

1.1

0.1

1.9

1.6

0.2

1.4
-.3

—. 4

-.3

1.8

3.7
3.8

5.9
10.7
4.8

-1.8

3.5
3.5

3.0
4.8

4.4

-.2

0.2

2.1

o'.l

-2.0

6.1

6
7

1.6

8

1.9
4.0

9
10

2.1

11

2.8 12

0.4
0.3

0.4
0.4

0.9
0.7

0.1
0.9
0.8

15
16
17

18

1.1

0.3
0.4

13
14

»

0.1

5.9
3.2

2.1

19

dollars.

0.3

0.2

*
0.3
0.3

—. 6
-.6

0.1

2.3

R e v a l u a t i o n of U . S . o f f i c i a l
e x c h a n g e 8 net IMF p o s i t i o n
C h a n g e in v a l u e
- N e t i n c r e a s e in f g n . l i a b .

(1) E x c l u d e s

Data

-.2

-1.2

U.S.net

5

0,.6
4 .2

0.2
0.9
0.8

in

4

1 .7

R e v a l u a t i o n of f o r e i g n e q u i t i e s
held by U . S . r e s i d e n t s
C h a n g e in v a l u e
-Net purchases

= Change

1 .2
2 .2

0,. 1
6 .0

• Other

1 .2
3 .5

0, 5
4 .5

22

1
2
3

0 .9
3 .2

21

1,
.1
9 .8
8 .8

5 .9
9 .6
3..7

3 .7

Reval.of
Change
-Direct

2..4
10,.3
7 .9

4 .1
7,,6
3..5

6 .6

fgn.investment,

3..7
7,,2
3 .5

2 .3
5 .1
2 .8

0 .9

SDRs

• R e v a l . of U . S . d i r . i n v . a b r o a d
C h a n g e in v a l u e
-Direct investment CI)

15 16
17

23

sales

= U.S.net

6
7
8

12
13
14

U.S.net

5..0
7 .2
2,.3

2 .8
6,.2
3..4

1 U.S. net f o r e i g n i n v e s t m e n t
N e t U . S . a c q . of f g n . a s s e t s
2
- N e t f g n . a c q . of U . S . a s s e t s
3

-.9

1.1

3.2

-4.5

1.0

11.1

1.4

21

4.0

2.5

2.8

7.0

5.9

3.8

3.7

4.0

22

fgn.
0.4
0.4

0.1

1,1

2.0 20

M a r c h 10, 1 9 9 3
U.S. Net F o r e i g n

Assets

U.S.
R.109

Annual

Factors

Accounting

for

Change

in

U.S.

Net

Foreign

Foreign

Annual

3.0
7.9
4.9

9.3
10.4

-10.5
11.5

22.0

-7.0
11.3
18.3

4.5
17.0
12.5

-1.5
24.2
25.7

24.0

28.8
4.8

14.8
40.2
25.4

0.6

-1.0
0.5
1.5

-1.5
-.4

1.1

-.2

-.1

-9.9

9

-1.7

14.7

1.1

1.1

2.8

-4.3

10
11

-2.8
1.6

0.4
0.7

12
IS
14

3.4
8.4
4.9

3.7
10.5

15
16
17

-.3

18

0.3

0.8
5.6

12.1

6.5

U . S . net f o r e i g n i n v e s t m e n t
N e t U . S . a c q . of f g n . a s s e t s
- N e t f g n . a c q . of U . S . a s s e t s
sales

fgn.investment,

U.S.net

-9.8
-9.6

6.4
9.5
3.1

- R e v a l u a t i o n of U . S . c o r p o r a t e
4.9
e q u i t i e s held by f o r e i g n e r s
5.7
C h a n g e in v a l u e
0.9
-Net purchases

19.5
25.2
5.7

8.9
19.0
10.1

21.0

2.9
5.7

2.4

0.3

0.6

1.0

0.4

0.9

-2.5
-2.5

-1.7
-1.7

0.2

12.0

10.6

8.9

24.6
14.0

-.2
4.6
4.8

-.1

-.1

1.3
1.3

-.1
2.5

2.6
-.3
0.4

0.8

10.0
21.7
11.6

+ R e v a l . of U . S . d i r . i n v . a b r o a d
C h a n g e in v a l u e
- D i r e c t investment (1)

12
13
14

16.9
21.2
4.3

-

15
16
17

Reval.of
Change
-Direct

21

— 6.4

-13.4

-13.0

-18.8

-3.9

81.2

+ Other

1.5

-13.7

-4.6

4.6

1.0

25.4

83.7

= Change

revaluations

CI) E x c l u d e s
Memo:
165.1 Net




U.S.

18
19
20

- 4 .0

dollars.

fgn.dir.inv.in
in v a l u e
investment CI)

R e v a l u a t i o n of U . S . o f f i c i a l f g n .
*
e x c h a n g e 8 net IMF p o s i t i o n
2.5
C h a n g e in v a l u e
2.5
- N e t i n c r e a s e in f g n . l i a b .

-.5

of

9
10
11

-8.3
-5.5

5.8

-5.4

billions

6
7
8

-.9

8.2

4
5

-.5

0.6

1.5

1
2
3

adj.

• R e v a l u a t i o n of f o r e i g n e q u i t i e s
-.5
held by U.S. r e s i d e n t s
-.1
C h a n g e in v a l u e
0.4
-Net purchases

-.5

21

in

gold

0.6

-1.2

22

are

of

& SDRs

+ U.S.net
=

-1.0

1.5
1.5

1.3

0.2

3.6

Flows

-.5
0.7

2.3
2.9

0.1

19

6.8

1.0

20

Assets

53

Flows

-1.1

Data

Net

Assets

in

U.S.net

capital

foreign

assets

fgn.assets

22

gains.

outstanding

23

M a r c h 10, 1993
U.S. Net F o r e i g n

U.S. Net Foreign Assets

Assets
R.109

54

Annual

Factors

Accounting

for

Change

in

U.S.

Net

Foreign

Assets

Annual Flows

Flows

1977

1 U S. net f o r e i g n i n v e s t m e n t
2
N e t U . S . a c q . of f g n . a s s e t s
3
- Net f g n . a c q . of U . S . a s s e t s
-

- 3 .3
57,.2
6 0 .5

2 7 ..2
5 8 .0
30..9

1980

2 5 .7
5 2 .4
2 6 .7

»

1981

1982

31 .6
5 1 .4
19 .8

2 9 ..9
3 2 .3
2,.4

1983

1984

-24 .
,5
31. 5
5 6 ..0

- 7 2 .8
13 .4
8 6 .2

1
2
3

4

• U.S.net

sales

&

SDRs

.2

1,
.2

- 1 ..2

- 1 .7

- 1 ,.4

- ..1

- 1 .0

4

= U.S.net

fgn.investment,

adj.

- 1 6 .8

- 2 ..2

2 6 ,.0

2 5 .7

2 9 .9

2 8 .5

- 2 4 ..6

- 7 3 .8

5

6
7
8

• R e v a l u a t i o n of f o r e i g n e q u i t i e s
held by U.S. r e s i d e n t s
C h a n g e in v a l u e
-Net purchases

0 .2
0 .7
0 .4

.5
1,
.1
- •.4

2,.6
3,.6
1 .0

2 .0
4 .3
2 .4

- 2 .0
- 1 .8
0 .2

.2
1,
.2
1 .4

3,.6
7..3
3,.7

0 .2
1 .2
0 .9

6
7
8

.7
0,.6
.3
1.

1,.0
2..3
1,.3

5,.2
6..2
.0
1.

1 2 .0
16 .3
4 .2

- 5 .0
.2
4 .8

8 .6
11..9
3..3

14..1
2 0 ,.1
6..0

1 .0
.3
- 1 .3

9
10
11

3 0 .8
4 2 .3
11..5

22. 4
38.,5
16..1

2 7 ..6
5 4 ..7
2 7 .,1

30,.9
5 6 .0
2 5 .1

7,.1
2 2 ,. 1
15,.0

- 1 9 ..5
- 6 ,.6
12..9

- 2 0 ..9
- 9 ..9
11..1

- 2 1 .0
- 6 .4
14 .6

12
13
14

4 .1
7 .8
3,.7

5 .0
12..9
7..9

6..9
18. 8
11..9

2 0 ,.7
37,.6
16 .9

8 .8
34,.0
2 5 ,.2

3..2
16..9
13..8

- 4 .,4
7. 5
11. 9

1 .4
2 6 .8
2 5 .4

15
16
17

0 .1
0 .2
0 .1

.3
.4
.1

.2
7 .9
8 .1

- 1 ..5
.8
1,
3,.4

.9
2..7
3..6

- 1 ..1

0..5
0..5

- 1 .6 18
0 .6 19
2 .2 2 0

- 1 1 .9

4..0

- 3 ..0

10 .4

0 .8

5 .8

.9

19..8

40. 8

3 6 .0

30,.5

1 6 4 .1

1 8 3 .,9

2 2 4 ..7

2 6 0 ..6

2 9 1 ,.1

-

12
13
14

R e v a l u a t i o n of U . S . c o r p o r a t e
e q u i t i e s held by f o r e i g n e r s
C h a n g e in v a l u e
-Net purchases

• R e v a l . of U . S . d i r . i n v . a b r o a d
C h a n g e in v a l u e
- D i r e c t investment (1)

15 16
17

18
19
20

Reval.of
Change
-Direct

fgn.dir.inv.in U.S.
in v a l u e
investment (1)

+ R e v a l u a t i o n of U . S . o f f i c i a l
e x c h a n g e & net IMF p o s i t i o n
C h a n g e in v a l u e
- N e t i n c r e a s e in f g n . l i a b .

21

• Other

22

= Change

revaluations

CI) Excludes

23

gold

1979

5

9
10
11

of

- 1 6 .5
24 . 1
4 0 .6

1978

in

capital

Memo:
Net foreign

Data

are

in

U.S.net

assets

billions




fgn.assets

fgn.

2.. 1

1,.1
7..6

- 1 0 .9 21

- 4 5 ..0

- 1 0 9 .4 2 2

2 4 8 ..2

1 3 8 .8 2 3

gains.

outstanding

of

dollars.

2 9 3 ..2

M a r c h 10, 1993
U.S. Net F o r e i g n

Assets

U.S.
R.109

Annual

Factors

Accounting

for

Change

in

U.S.

Net

Foreign

Net

Foreign

Assets

Flows

1
2
3

Assets

^ ^
Annual

-96.9
10.2
107.1

-132.1
28.4
160.5

-167.6
15.2
182.7

-126.8
39.3
166.1

-98.7
87.4
186.1

-43.1
71.1
114.1

-4.8
42.2
46.9

-68.9
110.2
179.1

Flows

U . S . net f o r e i g n i n v e s t m e n t
N e t U . S . a c q . of f g n . a s s e t s
- N e t f g n . a c q . of U . S . a s s e t s

4

-.9

-.2

-.5

0.1

-.5

-.2

0.2

3.3

+

U.S.net

sales

&

SDRs

4

5

-97.8

-132.4

-168.1

-126.7

-99.3

-43.3

-4.6

-65.6

=

U.S.net

fgn.investment,

adj.

5

6
7
8

8.6
12.3
3.7

9.6
10.7
1.2

6.8
4.7
-2.1

7.2
8.1
0.9

11.7
29.0
17.2

-6.7
0.7
7.4

28.0
58.1
30.2

• R e v a l u a t i o n of f o r e i g n e q u i t i e s
15.1
held by U.S. r e s i d e n t s
46.6
C h a n g e in v a l u e
31.5
-Net purchases

6
7
8

9
10
11

25.2
29.5
4.3

26.2
43.4
17.2

-8.9
6.7
15.6

25.8
25.3
-.5

52.7
59.6
7.0

-14.9
-29.4
-14.5

64.8
74.0
9.2

- R e v a l u a t i o n of U . S . c o r p o r a t e
27.5
e q u i t i e s held by f o r e i g n e r s
21.8
C h a n g e in v a l u e
-5.7
-Net purchases

9
10
11

12
13
14

11.8
21.1
9.2

18.0
30.2
12.2

45.0
68.4
23.4

4.9
15.0
10.1

7.8
31.8
24.0

38.1
65.7
27.6

4.5
30.7
26.2

38.8
38.8

+ R e v a l . of U . S . d i r . i n v . a b r o a d
C h a n g e in v a l u e
- D i r e c t i n v e s t m e n t (1)

12
13
14

15
16
17

0.1
20.1
20.0

-1.1
34.5
35.6

-10.6
47.6
58.2

3.6
60.9
57.3

-9.1
58.8
67.9

-11.8
33.4
45.1

9.0
20.5
11.5

2.9
2.9

-

15
16
17

18
19
20

3.7
6.6
3.0

4.8
4.3
-.6

5.0
-4.6
-9.7

-1.4
2.7
4.0

1.7
26.5
24.8

5.7
7.7
2.0

0.1
-5.8
-5.9

Reval.of
Change
-Direct

15.7

6.4

3.3

16.4

16.7

-42.1

6.1

-92.6

22

-83.3

-118.7

-88.5

-129.0

-104.9

-21.6

-39.7

-170.7

+ Other

Data

are

in

billions




-63.2

of

dollars.

-151.8

-280.8

-385.7

-407.3

-446.9

fgn.dir.inv.in
in v a l u e
i n v e s t m e n t (1)

U.S.

revaluations

= Change

(1) E x c l u d e s

55.4

gold

+ R e v a l u a t i o n of U . S . o f f i c i a l f g n .
-.2
e x c h a n g e 8 net IMF p o s i t i o n
-3.7
C h a n g e in v a l u e
-3.5
- N e t i n c r e a s e in f g n . l i a b .

21

23

of

1
2
3

Memo:
- 6 1 7 . 7 Net

in

U.S.net

capital

foreign

assets

18
19
20
21

fgn.assets

22

gains.

outstanding

23

M a r c h 10, 1993
Tangible Asset

Holdings

Tangible

56
Annual

R.12

Details

of

Changes

in

Stocks

47.3

-1.6

-1.2

0.3

24.7
0.3

28.9
0.3

28.6

33.0

36.1

18.8

24.0

19 N e t f o r e i g n i n v e s t m e n t ( 1 )
Net financial investment:
Private sectors
Households
Farm business
Nonfarm noncorp. business
Nonfinancial corp. bus.
Private finan. insts.

26
27
28
29
30

Public sectors
State & local governments
U.S. government
Sponsored credit agencies
Monetary authority

31

Unallocated

financial

0.2

10.6
1.0

1.0

11.4

0.1

14.1

16.2

3.7
9.0

1.9
4.2
10.4
0.3

1.6

0.2

49.7
25.8
3.0
5.7
14.8
0.4

7
8
9
10
11
12

33.6
21.0
2.5
-.4
10.4

13
14
15
16
17

2.8

0.3

5.4
13.8
0.3

25.4

46.4
27.7
2.7
-5.4

44.7
24.2
2.7
-8.4

0.1

0.1

0.1

21.2

26.2

0.1 18

4.9

9.9

3.0

1.3

-2.2

0.7

0.3

19

-1.0
11.6

-3.6
-4.0

2.9
-6.7

-8.0

5.2
-5.7

-5.8
-3.2
-3.9
5.5
-5.2

-2.4
0.5
-2.7
8.4
-9.2

13.8
17.7
-2.5
0.4
-3.4
1.6

20
21
22
23
24
25

1.1

14.2

8.6

-3.5

4.5

0.9

14.3

8.8

-3.3

-10.7
-6.1
-4.6

26
27
28

4.1
3.1
-4.1
2.3
3.7
1.0
0.1

32
33
34
35
36
37
38

4.1
3.9
5.2
-5.9
0.9

39
40
41
42
43

-.9

-1.0
-11.8
1.1
0.2

0.1

0.8

-.1

1.0

-.2

-1.2
7.6

2.2

1.0

-.2

-4.5
-2.7
5.4

-8.0

1.8

4.3
-3.2
7.5

0.6

-1.2
5.7

flows

53.4
20.4
19.4
13.3
0.3

69.6
22.9

44
45
46
47
48
49

C h a n g e in land v a l u e s
Households
Farm business
Nonfarm noncorp. business
Nonfinancial corp. business
Private finan. insts.

19.3
3.6
5.1
2.4

19.0
6.9
1.3
3.2
7.4

50
51
52
53
54

A d j . to c a p i t a l c o n s u m p t i o n
Households
Farm business
Nonfarm noncorp. business
Nonfinancial corp. business

55
56
57
58
59
60
61

Memo: Total gross domestic investment,
F l o w of F u n d s b a s i s
Private sectors
Households
Farm business
Nonfarm noncorp. business
Nonfinancial corp.business
Private finan.institutions
Public sectors
State & local governments
U.S. government
Sponsored credit agencies
Monetary authority

20
of

45.7
23.3

12.0

1.2

Flows

83.3
46.8
5.5
5.3
25.3
0.4

0.3

— 7.6
11.7

R e v a l u a t i o n s b y t y p e of a s s e t
Residential structures
P l a n t and e q u i p m e n t
Inventories
Consumer durables

billions

4.5

-5.2
15.7

39
40
41
42
43




Holdings

90.3
47.5
5.4
-3.0
40.0
0.5

11.2

20.0

53.4
13.7
8.3
11.9
14.2
-5.3

in

39.5
2.4
4.7

4.0
-5.5
18.4

0.1

-. 6

33.2
0.4

20.0

2.1

20.0

37.0

85.8
47.8
5.1

18.0

26.9
16.4

3 2 R e v a l . of p h y s i c a l a s s e t s
33
Households
34
Farm business
35
Nonfarm noncorp. business
36
Nonfinancial corp. bus.
37 - I n v e n t o r y v a l u a t i o n adj.
38
Financial institutions

are

70.0
36.2
5.9

4.0

2.2

13 N e t c a p i t a l f o r m a t i o n
14
Households
15
Farm business
16
Nonfarm noncorp. business
17
Nonfinancial corp. bus.
18
Financial institutions

20
21
22
23
24
25

55.5
30.5
1.5

61.5
38.1
3.3
-3.1
22.9
0.3

22.0

23.3
11.4
1.3
3.1
7.4

(1) Lines

Asset

Assets
Annual

7 Capital consumption
8
Households
9
Farm business
10
Nonfarm noncorp. business
11
Nonfinancial corp. bus.
12
Financial institutions

Data

Tangible

Flows

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
3
Farm business
4
Nonfarm noncorp. business
5
Nonfinancial corp. bus.
6
Financial institutions

62
63
64
65
66

of

dollars.

8.0
0.2

69.6
17.3

20.8
18.9

6.6

19.3
7.3
-3.4
13.6
-.5

0.1

24.2
2.5

0.2

19.3

10.0
9.3
-.8
0.9

10.1
6.7

0.8

2.0
0.7

-.1

33.1

9.7

45.6
15.8
8.7
15.0

1.9

-5.9

20.0

-.3

-5.0

-1.2

-.3
3.7
2.9
-6.3

45.6

33.1
12.3
13.5

7.9
7.6

24.6

1.2

-2.6
-6.8

—. 6

1.0

0.2

11.6
13.0
14.3
6.7

6.0

-1.8

11.9

0.7

4.4

1.2

0.2

2.2
0.1

12.8
3.2

16.1
-.4
0.3

2.6
4.9

23.5
9.0
7,9
2.3
4,2

0.1

16.0 44
12.0 45
0.5 46
2.2 47
1.3 48
*
49
*
*
"
»

0.1
-.1

50
51
52
53
54

47.4
46.3
33.6
1.3
3.1
6.9
1.3

66.1
51.9
26.5
1.6
3.7
19.0
1.1

72.8
64.2
33.0
1.9
4.2
23.7
1.3

61.0
64.4
31.4
2.2
4.5
25.1
1.3

82.2
77.8
43.3
2.4
4.7
25.2
2.2

92.5
87.9
48.0
2.8
5.4
30.7
1.0

86.4
97.0
64.5
3.0
5.7
21.8
2.0

55
56
57
58
59
60
61

1.2
0.2
0.9

14.3
-.1
14.3
0.1

8.6
-.2
8.8

-3.4
-.2
-3.3

4.3
-3.2
7.5
0.1

4.5
-1.2
5.7
0.1

-10.6
-6.1
—4.6
0.1
*

62
63
64
65
66

*

*

*

M a r c h 10, 1993
Tangible Asset

Tangible

Holdings
R.12

Annual

Details

of

Changes

in

Stocks

of

Tangible

Asset

Assets

Holdings

57

Annual

Flows

1
2
3
4
5
6

89.0
51.7
4.7
5.8
26.1
0.6

85.9
52.0
3.9
6.3
23.0
0.7

107.8
63.4
3.2
7.8
32.6
0.9

110.3
62.4
2.6
7.4
37.0
0.9

110.3
62.1
3.8
7.7
35.7
0.9

101.6
58.8
6.0
7.9
28.0
0.9

121.6
71.8
3.0
7.9
37.8
1.1

122.1
71.0
4.7
7.6
37.7
1.0

7
8
9
10
11
12

53.3
28.0
3.2
5.9
15.8
0.4

57.6
30.9
3.3
6.1
16.7
0.4

60.6
32.5
3.4
6.4
17.8
0.4

67.5
36.3
3.6
7.0
20.0
0.5

72.9
39.1
3.7
7.5
22.0
0.6

76.2
41.2
3.8
7.6
23.0
0.6

79.7
43.3
3.9
7.8
24.1
0.6

82.5
44.8
3.9
8.0
25.1
0.7

Capital consumption
Households
Farm business
Nonfarm noncorp. business
Nonfinancial corp. bus.
Financial institutions

42.9
26.1
-1.0
0.4
17.0
0.4

37.4
23.0

25.4
17.6
2.2
0.3
5.0
0.3

41.9
28.6
-.9
0.1
13.7
0.4

39.6
26.2
0.8
-.4
12.6
0.4

Flows

Net capital formation
Households
Farm business
Nonfarm noncorp. business
Nonfinancial corp. bus.
Financial institutions

13
14
15
16
17
18

35.7
23.7
1.5
-.1
10.3
0.3

28.3
21.1
0.6
0.1
6.3
0.3

47.2
30.9
-.2
1.3
14.8
0.4

.

0.3
13.7
0.4

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
Farm business
Nonfarm noncorp. business
Nonfinancial corp. bus.
Financial institutions

3
4
5

6
7

8
9

10
11

12
13
14
15

16
17

18

19

-1.7

.3

-1.3

4.6

0.4

-1.9

1.8

20
21
22
23
24
25

8.3
12.5
-1.6
0.1
-4.4
1.8

8.2
6.4
-.6
-.1
-.8
3.2

-1.2
5.1
0.2
-1.3
-6.8
1.7

2.5
12.7
1.0
—. 4
-12.2
1.4

7.8
15.5
-.1
-.3
-8.2
0.8

17.4
19.2
-2.2
-.3
-1.5
2.2

3.7
7.5
0.9
-.1
-6.0
1.4

4.8
12.1
-.9
0.4
-10.0
3.1

26
27
28
29
30

-10.9
— 3.5
-7.5
*

-9.0
-3.8
-5.2
*

0.9
-3.3
4.2
*

1.3
-3.1
4.4

-2.7
-4.8
2.1

-15.8
—5.4
-10.5

-7.1
-4.3
-2.8

-2.0
-3.5
1.5
*

26

-

-

-

Public sectors
State 8 local governments
U.S. government
Sponsored credit agencies
Monetary authority

31

0.9

0.6

0.3

-5.1

—. 5

-1.2

1.6

-1.1

Unallocated

31

32
33
34
35
36
37
38

1.0
-2.1
-1.9
2.2
1.8
-1.0

1.9
—. 3
-2.0
2.4
1.5
-.3

20.9
3.0
—. 6
6.1
10.5
-1.8
0.2

36.1
8.4
2.4
6.2
16.0
-2.7
0.4

9.0
-3.9
1.4
3.3
6.6
-1.5
0.1

6.1
1.6
0.6
2.4
1.2
-.3
0.1

5.2
—2.6
—. 6
4.0
4.0
-.3
0.1

-1.9
-4.7
0.9
3.1
-1.5
-.2

R e v a l . of p h y s i c a l a s s e t s
Households
Farm business
Nonfarm noncorp. business
Nonfinancial corp. bus.
- Inventory valuation adj.
Financial institutions

32
33
34
35
36
37
38

39
40
41
42
43

1.0
0.7
2.0
-.5
-1.3

1.9
4.2
2.0
-1.5
-2.9

20.9
8.1
13.8
1.4
—2.4

36.1
4.9
20.5
4.9
5.8

9.0
1.2
8.9
2.5
-3.6

6.1
0.9
2.5
0.6
2.1

5.2
2.1
4.3
-.5
—. 6

-1.9
1.8
-2.0
0.8
-2.6

R e v a l u a t i o n s by t y p e of a s s e t
Residential structures
Plant and e q u i p m e n t
Inventories
Consumer durables

39
40
41
42
43

44
45
46
47
48
49

11.7
9.5
-1.4
1.7
1.9

11.9
7.3
3.2
0.9
0.1
0.3

20.7
9.6
4.6
2.0
4.7
-.1

27.4
10.9
6.9
2.3
7.1
0.2

23.9
12.1
6.5
1.4
3.9
0.1

22.4
10.6
8.8
1.0
2.0

17.1
9.0
6.4
1.1
0.5
0.1

13.9
9.4
1.0
1.4
2.0
0.1

C h a n g e in l a n d v a l u e s
Households
Farm business
Nonfarm noncorp. business
Nonfinancial corp. business
Private finan. insts.

44
45
46
47
48
49

A d j . to c a p i t a l c o n s u m p t i o n
Households
Farm business
Nonfarm noncorp. business
Nonfinancial corp. business

50
51
52
53
54

*

"
*

50
51
52
53
54

*

*

-

*

"
*

0.1

«

*
*

*

"

*

*
*

"
Memo:

55
56
57
58
59
60
61

86.4
97.3
64.2
3.1
5.9
21.7
2.4

85.1
94.0
58.4
3.3
6.1
22.3
3.9

107.5
106.6
68.5
3.4
6.4
25.8
2.6

114.1
112.7
75.1
3.6
7.0
24.8
2.3

115.3
118.0
77.6
3.7
7.5
27.6
1.7

62
63
64
65
66

-10.9
-3.5
-7.5

-9.0
-3.8
-5.2

0.9
-3.3
4.2

1.4
-3.1
4.4

-2.6
-4.8
2.1
0.1

*

*

*

*

*

103.2
119.0
78.0
3.8
7.6
26.5
3.0
-15.8
-5.4
-10.5
n. 1
*

118.1
125.2
79.3
3.9
7.8
31.8
2.4
-7.1
-4.3
-2.8
0.1
*

Net foreign investment CI)
Net financial investment:
Private sectors
Households
Farm business
Nonfarm noncorp. business
Nonfinancial corp. bus.
Private finan. insts.

1

2

are

in

billions




of

dollars.

flows

21

22
23
24
25

27

28
29
30

Total
124.9
126.8
83.1
3.9
8.0
27.7
4.1

gross domestic investment,
F l o w of F u n d s b a s i s
Private sectors
Households
Farm business
Nonfarm noncorp. business
Nonfinancial corp.business
Private finan.institutions

55
56
57
58
59
60
61

-1.9
-3.5
1.5
0.1
*

Public sectors
State 8 local governments
U.S. government
Sponsored credit agencies
Monetary authority

62
63
64
65
66

CI) Lines
Data

financial

20

M a r c h 10, 1 9 9 3
Tangible Asset

Annual

Holdings

Tangible
R.12

58

Details

of

Changes

in

Stocks

of

Tangible

Flows

119.8
69.2
5.0

8.1

56.5

1.0

7 Capital consumption
8
Households
9
Farm business
10
Nonfarm noncorp. business
11
Nonfinancial corp. bus.
12
Financial institutions

85.1
46.5
3.9

13 N e t c a p i t a l f o r m a t i o n
14
Households
15
Farm business
16
Nonfarm noncorp. business
17
Nonfinancial corp. bus.
18
Financial institutions

34.7
22.7

19 N e t f o r e i g n I n v e s t m e n t C I )
Net financial i n v e s t m e n t :
Private sectors
Households
Farm business
Nonfarm noncorp. business
NonfInancial corp. bus.
Private finan. lnsts.

20
21
22
23
24
25
26
27
28
29
30

Public sectors
State 8 local governments
U.S. government
Sponsored credit agencies
Monetary authority

31

Unallocated

financial

8.2

25.8
0.7

1.0
-.1

10.7
0.3

2.8

39
40
41
42
43

R e v a l u a t i o n s b y t y p e of a s s e t
Residential structures
P l a n t and e q u i p m e n t
Inventories
Consumer durables

44
45
46
47
48
49

C h a n g e in l a n d v a l u e s
Households
Farm business
Nonfarm noncorp. business
Nonfinancial corp. business
Private finan. insts.

50
51
52
53
54

A d j . to c a p i t a l c o n s u m p t i o n
Households
Farm business
Nonfarm noncorp. business
Nonfinancial corp. business

134.9
76.9
4.9
9.5
42.2
1.3

145.2
84.4
5.3

87.7
47.9
4.0
8.4
26.8
0.7

91.2
49.8
4.0
8.6
27.9
0.8

95
52
4
9
29
0

47.2
29.0
1.0
1.1
15.5
0.6

54.0
34.6
1.3
1.3
16.4
0.3

10.0

44.4

1.1

158.6
91.7
3.8
11.4
49.8

181.4
98.8
6.4
13.3

60.8

5.7
14.5
74.5

198.6
104.3
7.5
13.4
71.2

2.2

220.9
117.4
7.8
17.1
75.5
3.1

.6
.2
.2
.1
.3
.9

100.6
54.4
4.3
9.6
31.3
1.0

107.5
57.4
4.6
10.3
34.1
1.1

116.8
62.2
4.9
11.1
37.3
1.3

128.0
68.1
5.2
12.0
41.1
1.5

7
8
9
10
11
12

6 3 .0
3 9 .6
.3
2 .4
2 0 .5
0 .9

80.8
44.4
2.1
3.7
29.5
1.1

91.4
44.8
1.1
4.2
40.4
0.9

81.8
42.1
2.6
2.3
33.9
0.9

92.9
49.3
2.5
5.1
34.4
1.6

13
14
15
16
17
18

1.1

19

1.8

2.0

Data

are

2 0 + 2 6 +
in

billions




31.
of

dollars.

2.0

4.1

5 .9

5.0

3.7

2.4

-4.4
3.5

6.1
14.5
-1.4
-1.3
-6.8
1.1

12 .7
2 1 .5
0 .3
- 2 .4
- 8 .3
1 .5

6.0
23.6
-2.0
-3.7
-12.8
0.8

11.3
37.6
-1.0
-4.2
-J 9.8
— 1.4

23.3
42.1
-2.6
-2.3
-14.9
1.0

9.6 20
3 3 . 1 21
- 2 . 5 22
- 5 . 1 23
- 1 7 . 8 24
2.0 25

-9.4
-3.8
-5.6

-7.8
-2.9
-4.9

-3.9
-2.7
-1.3

- 6 .5
- 3 .0
- 3 .5

-3.0
-2.5
-.5

-5.7
-4.1
-1.6

-18.7
-5.0
-13.8

-13.1
-4.5
-8.6
*
-

26
27
28
29
30

-.9

1.9

- •.3

2.0

-1.9

-2.2

4.5

31

0.3
-6.9
1.1
4.8
1.0

-5.0
-10.8

12
-2
0
8
5

.5
.2
.7
.2
.0
.5
0..3

14.4
-7.5
4.7
8.1
7.4
-1.2
0.5

48.5
16.0
1.9
12.8
15.0
-2.1
0.8

36.4
10.7
0.9
9.9
12.5
-1.6
0.8

98.5
43.9
4.9
19.5
25.0
-3.7
1.5

32
33
34
35
36
37
38

-1.1

0.1

-

~

-1.0
-3.8
0.3
3.0
-.4
0.3

0.2

-1.0
1.4

-1.0
-1.3
24.0
12.3
5.4

2.6
3.6

0.2
*

0.3

3.4
2.1
0.1
0.4

0.3
0.8
2.4
0.2
-3.1

-5.0
-6.3
3.1
-.4
-1.4

12. 5
10. 0
6..2
0. 5
-4. 2

14.4
6.1
11.6
4.6
-7.9

48.5
26.6
19.7
3.0
-.7

36.4
14.9
17.6
0.4
3.5

98.5
53.2
35.0
6.2
4.1

39
40
41
42
43

21.1
11.1
4.9
2.0
2.9
0.1

27.8
14.8
7.5
2.3
3.1
0.1

19. 3
4. 6
7. 8
1. 8
4. 6
0. 5

27.3
7.3
10.7
2.9
6.4
0.1

30.1
11.8
7.6
3.9
6.4
0.4

35.0
14.7
8.9
4.4
6.8
0.2

55.3
29.5
5.7
9.6
10.0
0.6

44
45
46
47
48
49

"

*

*

*

-9.3
-3.8
-5.6
0.1
*

*

*

*

*
*

Memo: Total gross domestic investment,
F l o w of F u n d s b a s i s
123.9
Private sectors
133.2
Households
84.5
Farm business
3.9
Nonfarm noncorp. business
8.2
Nonfinancial corp.business
32.1
Private finan.institutions
4.5

(1) Lines

102.2

2.3

*

-.1
"

Public sectors
State 8 local governments
U.S. government
Sponsored credit agencies
Monetary authority

198.9

Flows

11.0
15.4
-1.0
-1.1
—5.6
3.3

13.4
15.3

flows

3 2 R e v a l . of p h y s i c a l a s s e t s
33
Households
34
Farm business
35
Nonfarm noncorp. business
36
N o n f i n a n c i a l c o r p . bxfs.
37 - Inventory valuation adj.
38
Financial institutions

62
63
64
65
66

Holdings

Annual

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
3
Farm business
4
Nonfarm noncorp. business
5
Nonfinancial corp. bus.
6
Financial institutions

55
56
57
58
59
60
61

Asset

Assets

*
*
*
*

50
51
52
53
54

138.1
145.9
92.3
4.0
8.4
36.6
4.6

147.4
151.3
98.9
3.9
8.6
37.6
2.2

164. 8
171. 2
113. 3
4. 1
9. 1
41. 5
3. 2

184.4
187.3
122.4
4.4
9.6
48.1
2.7

204.4
210.0
139.8
4.7
10.3
54.7
0.5

203.2
221.7
146.4
4.9
11.1
56.3
3.0

217.4
231.6
150.5
5.3
12.0
59.0
4.8

55
56
57
58
59
60
61

-7.8
-2.9
-4.9
0.1

-3.9
-2.7
-1.3
0.1

— 6. 4
-3. 0
-3.5
0. 1

-2.9
-2.5
-.5
0.1

—5.6
-4.1
-1.6
0.1
*

-18.6
-5.0
-13.8
0.2
*

-14.1
— 4 .5
-9.9
0.3
*

62
63
64
65
66

*

"

*

*

M a r c h 10, 1993
Tangible Asset

Tangible

Holdings
R.12

Annual

Details

of

Changes

in

Stocks

of

Tangible

Asset

Assets

Holdings

59

Annual

Flows

1969

1970

1
2
3
4
5
6

241. 4
1 2 4 .,9
6. 8
21. 0
85. 4
3 .,3

235.
123.
6.
21.
81.
3.

7
8
9
10
11
12

Flows

1971

1972

1973

1974

1975

1976

7
0
6
1
7
3

272.8
147.0
9.4
24.9
87.5
4.0

316. 4
173. 0
8, 8
30. 8
99. 5
4. 4

367. 2
191. 9
1 2 .,2
35. 2
122.
5. 8

368. 8
184. 3
10. 0
30. 3
137. 2
7. 0

360. 4
196. 0
16.8
23. 8
116. 0

446. 4
2 4 1 .6
14. 3
27. 3
154. 9
8. 5

1 4 1 ..5
7 5 ,.9
5 ..7
13,.2
4 5 ..0
1.,7

154. 6
8 3 , ,0
6. 1
14. 3
49. 4
1. 8

169.4
90.9
6.5
15.7
54.2
2.1

1 8 6 ..3
9 8 .,7
7,.2
1 7 ..4
60. 5
2 ..5

203. 8
1 0 8 .,1
7.,9
1 9 ..3
6 5 ..6
2 .,9

234. 1
122. 1
9. 1
2 2 .,2
76. 8
3. 8

272. 2
138. 7
1 0 ..7
25. 6
92. 2
4. 9

301. 4 Capital c o n s u m p t i o n
Households
153. 3
Farm business
11. 8
Nonfarm noncorp. business
27. 8
Nonfinancial corp. bus.
102. 5
Financial institutions
5 .,9

7
8
9
10
11
12

13
14
15
16
17
18

9 9 ..9
4 8 ..9
1,.1
7..8
4 0 ..4
1..7

81 .1
40. 0
0 .,5
6. 8
3 2 .,3
1. 5

103.4
56.1
3.0
9.2
33.2
1.9

1 3 0 ..1
7 4 ..2
1. 5
1 3 .,4
3 9 ..0
1..9

1 6 3 .,4
8 3 .,8
4 ..3
1 5 .,9
5 6 .,5
2 ..9

134, 7
62. 1
0. 9
8 .,0
60. 4
3 .,2

88. 2
57. 3
6. 1
-1.8
23. 8
2. 8

1 4 5 .,0 N e t c a p i t a l f o r m a t i o n
Households
8 8 .,3
Farm business
2. 5
Nonfarm noncorp. business
.6
Nonfinancial corp. bus.
5 2 ..3
Financial institutions
2. 5

13
14
15
16
17
18

19

- 1 .1

3 .,0

-10.5

- 7 .,0

4 ..5

- 1 .,5

24. 0

20
21
22
23
24
25

- 4 .6
3 2 .9
- 1 ,.0
- 7 .8
- 2 4 .3
- 4 .4

1 4 ..3
5 1 ..1
.5
- 6 ..8
- 2 4 .,3
- 5 ..2

19.9
47.2
-3.0
-9.2
-18.4
3.2

8 ..7
4 6 ..8
- 1 ..4
- 1 3 ..4
- 2 1 ..5
- 1 ,.8

- 2 ..0
7 3 ..1
- 3 ..7
- 1 5 ..9
- 5 6 .1
0 .7

- 1 ..2
6 0 ..1
,7
- 8 ..0
- 4 6 ..5
- 6 ..0

92. 3
9 7 ., 1
-5. 6
1. 8
9 ..7
- 1 0 ..7

63. 5
7 9 .,6
- 2 ..0
0..6
- 1 6 ..4
1..8

26
27
28
29
30

- 2 .0
- 7 .6
5 .7
.1

- 2 2 ..3
- 9 .0
- 1 3 .2
.1

-32.4
-9.0
-23.5
0.1

-17
1
-18
0

- 1 3 ..0
- 3 ,.6
- 9 .6
0,.3

- 8 0 ..1
- 5 ..4
- 7 4 ..9
0 ..2

- 6 1 ..5
- 2 ,.4
- 5 9 ,.4
0..3

31

5 .4

1 1 ..0

2.0

1 2 ..6

1 1 ..8

12,.7

.6
.2
.9
.1

- 1 tl
4 .5
- 5 .7
0

7. 7

14. 8

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
Farm business
Nonfarm noncorp. business
Nonfinancial corp. bus.
Financial institutions

Net foreign investment (1)
Net financial investment:
Private sectors
Households
Farm business
Nonfarm noncorp. business
Nonfinancial corp. bus.
Private finan. insts.

20
21
22
23
24
25

Public sectors
State 8 local governments
U.S. government
Sponsored credit agencies
Monetary authority

26
27
28
29
30

Unallocated

31

-

1 .9

7 .6

1
2
3
4
5
6

financial

flows

19

32
33
34
35
36
37
38

95
36
7
18
26
-5
1

.9
.9
.6
.1
.1
.9
.3

7 9 .9
2 6 .5
2 .2
14,.4
28 . T
- 6 ..6
1 .5

116.8
41.7
8.1
25.8
34.3
-4.6
2.4

186
74
17
37
46
-6
3

.0
.8
.6
.6
.4
.6
.0

248
87
29
40
67
-20
4

.8
.3
.0
.3
.3
.1
.8

3 9 5 ,.1
1 3 9 ,.5
14,.1
5 0 ,.3
1 4 3 .5
- 3 9 .5
8 .2

2 7 5 ..3
1 0 4 ..0
7 .2
4 0 .8
1 0 4 ,.0
- 1 1 ..0
8 ..3

261
110
7
45
75
-14
8

.2 R e v a l . o f p h y s i c a l a s s e t s
Households
.2
Farm business
.4
Nonfarm noncorp. business
.0
Nonfinancial corp. bus.
.6
.9 - I n v e n t o r y v a l u a t i o n a d j .
Financial institutions
. 1

39
40
41
42
43

95
44
36
11
3

.9
.4
.6
.5
.3

79
22
44
4
9

.9
.2
.0
.6
.1

116.8
58.6
52.2
10.1
—4.1

186
103
66
19
-3

.0
.7
.4
.3
.4

248
105
87
50
5

.8
.0
.8
.8
.2

395
117
177
55
44

.1
.0
.7
.8
.6

2 7 5 ,.3
1 0 2 .7
1 3 7 .9
10,.5
2 4 .2

261
125
101
18
15

.2
.7
.3
.6
.6

R e v a l u a t i o n s b y t y p e of a s s e t
Residential structures
Plant and e q u i p m e n t
Inventories
Consumer durables

39
40
41
42
43

44
45
46
47
48
49

46
18
2
8
16

.9
.9
.3
.1
.0
.7

42
15
4
7
14
0

.7
.1
.3
.7
.7
.9

56.0
17.3
11.6
9.8
16.5
0.9

99
41
22
15
19
1

.3
.0
.0
.6
.3
.4

156
49
53
21
29
2

.3
.7
.7
.0
.8
.1

148
58
31
20
35
3

.8
.0
.4
.3
.9
.2

175
83
44
14
29
3

219
94
71
21
29
2

.5
.9
.7
.2
.5
.3

C h a n g e in l a n d v a l u e s
Households
Farm business
Nonfarm noncorp. business
Nonfinancial corp. business
Private finan. insts.

44
45
46
47
48
49

Adj.

Households
Farm business
Nonfarm noncorp. business
Nonfinancial corp. business

50
51
52
53
54

gross domestic investment,
F l o w of F u n d s b a s i s
Private sectors
Households
Farm business
Nonfarm noncorp. business
Nonfinancial corp.business
Private finan.institutions

55
56
57
58
59
60
61

Public sectors
State 8 local governments
U.S. government
Sponsored credit agencies
Monetary authority

62
63
64
65
66

.4
.8
.4
.5
.4
.3
*

50
51
52
53
54

"

*
Memo:

55
56
57
58
59
60
61
62
63
64
65
66

234
236
157
5
13
61

-1
-7
5
0

.9
.6
.8
.8
.2
.2
.3

227
250
174
6
14
57
-2

.7
.0
.1

.7
.6
.7
.2

-22
-9
-13
0

.3
.0
.5
.2




.3
.7
.2

260.3
293.0
194.2
6.5
15.7
69.7
6.9

307
325
219
7
17
78
2

.5
.8
.8
.4
.4
.9
.3

364
368
265
8
19
69
6

-32.8
-9.0
-24.2
0.3
*

-18
1
-19
0

.2
.2
.8
.3

-4
4
-8
0

*

.2

354
373
244
9
22
97
0

.6
.8
.4
.3
.2
.2
.6

372
453
293
11
25
127
-3

.6
.5
.1
.3
.6
.1
.6

Total
4 4 8 .4
5 1 3 .4
3 2 1 .2
1 2 .2
2 7 .8
1 4 2 .4
9 .7

.0
.5
.8
.3
*

-19
-3
-16
0
0

. 1
.6
. 1
.6
.1

-80
-5
— 76
0
0

.8
.4
.2
.7
.1

— 64
-2
-63
0
0

. 1
.1
.0
.5
.3

.9
.4
.4
.8
.1

(1)

to

Lines

capital

consumption

2 0 + 2 6 + 3 1 .

32
33
34
35
36
37
38

March

10,

Tangible

1993
Asset

Holdings

Tangible

r r.
D O
Annual Flows

R.12

Details

of

Changes

in

Stocks

of

Tangible

Holdings

Annual

1977

1978

1979

1980

540
289
22
35
182
9

.9
.9
.5
.8
.8
.9

636
331
21
47
221
15

.3
.4
.0
.5
.3

694
348
24
60
240
20

.5
.0
.7
.3
.9
.5

680
329
13
63
250
23

7 Capital consumption
8
Households
9
Farm business
10
Nonfarm noncorp. business
Nonfinancial corp. bus.
11
12
Financial institutions

336
170
13
30
114
6

.4
.6
.2
.9
.8
.9

380
191
14
35
131
7

.2
.1
.9
.4
.1
.7

436
216
17
41
151
9

.2
.8
.0
.8
.6
.1

13 N e t c a p i t a l f o r m a t i o n
14
Households
15
Farm business
16
Nonfarm noncorp. business
17
Nonfinancial corp. bus.
18
Financial institutions

204
119
9
4
67
3

.5
.3
.3
.9
.9
. I

256
140
6
12
90
7

.1
.3
.1
.1
.0
.6

258
131
7
18
89
11

.2
.2
.7
.6
.3
.4

19

- 1 6 .5

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
3
Farm business
Nonfarm noncorp. business
4
5
Nonfinancial corp. bus.
6
Financial institutions

23
24
25

Net f o r e i g n i n v e s t m e n t (1)
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
Nonfinancial corp. bus.
Private finan. insts.

26
27
28
29
30

Public sectors
State & local governments
U.S. government
Sponsored credit agencies
Monetary authority

31

Unallocated

20
21

Asset

Assets

financial

flows

1981

1982

1983

.1
.0
.7
.4
.8
.1

786
350
27
73
308
27

.5
.9
.1
.0
.1
.4

739
344
19
69
277
28

.9
.4
.6
.5
.6
.8

821
428
-1
70
292
32

.7
.5
.9
.4
.3
.4

1036
497
19
88
390
41

.8
.2
.5
.2
.6
.3

1
2
3
4
5
6

498
246
19
48
173
10

.1

.1
.5
.7
.2
.6

563
267
21
56
205
12

.6
.3
.6
.7
.3
.6

6 1 3 .1
2 8 5 .0
.9
6 3 .1
2 2 7 .5
14 .6

642
298
23
65
240
15

.8
.3
.3
.2
.1
.9

669
313
23
68
246
18

.4
.5
.4
.4
.1
.1

7
8
9
10
11
12

181
82
-5
14
77
12

.9
.9
.8
.7
.6
.6

222
83
5
16
102
14

.9
.6
.5
.3
.8
.7

126
59
-3
6
50
14

178
130
-25
5
52
16

.8
.2
.2
.1
.2
.5

367
183
-3
19
144
23

.4
.8
.8
.8
.5
.3

13
14
15
16
17
18

- 3 .3

2 7 .2

.3
.4
.0
.9
.4
.2

3 6 .0
6 3 .0
- 5 .2
- 1 2 .1
- 2 7 .0
17,.3

6 4 .3
8 1 .8
- 6 .8
- 1 8 .6
- 6 .5
14,.3

96
130
6
-14
-33
8

- 4 4 .4
1 0 .9
- 5 5 .6
O..3

- 3 3 .5
4 .8
- 3 8 .6
0,.2
-

- 1 6 ..9
5 .4
.6
O,.2

- 6 3 .7
- 2 ,.2
- 6 1 ,.5

- 5 .8

- 2 0 ,.2

- 7 ,.4

29
73
-9
-4
-34
4

- 1 .4

Flows

2 5 .7
.7
.6
.3
.7
.5
.1

3 1 .6
58
155
-5
-16
-47
-28

.3
.2
.3
.3
.2
.2

- 8 6 .7
- 1 0 .8
- 7 6 .0
O . 1
6 0 .0

.7
.5
.3
.4
.0
.2

2 9 .9
1 7 0 .6
2 0 2 .8
3 .8
- 6 .4
- 2 1 ,.5
- 8 ,.2

1984

- 2 4 .5

- 7 2 .8

19

182
181
25
-5
-10
-9

117
200
4
-19
-53
-13

.9
.0
.5
.8
.0
.8

20
21
23
24
25

- 1 8 5 ,.6
5 .4
- 1 9 1 ,.5
0..5
-

26
27
28
29
30

.7
.7
.8
.1
.6
.0

- 1 5 5 .9
- 3 ..3
- 1 5 3 ..4
O..9
-

- 1 8 4 ,.3
6,.2
- 1 9 1 ,.3
0.8

15..2

- 2 2 ,.9

- 5 ,.1 31

3 2 R e v a l . of p h y s i c a l a s s e t s
33
Households
34
Farm business
35
Nonfarm noncorp. business
36
Nonfinancial corp. bus.
37 - I n v e n t o r y v a l u a t i o n adj.
38
Financial institutions

3 7 1 ,.8
171,.4
11,.6
68,.4
99,.3
- 1 6 ,.7
4 .4

5 0 6 ,.4
2 1 9 ..8
32,.4
8 7 ,.5
141,. 1
- 2 5 ,.1
0,
.5

618,.6
2 3 6 ..0
2 3 ..4
121 .5
189..3
- 4 1 ..6
6,.9

6 7 0 ..7
2 2 6 .3
35..6
124,.9
2 3 1 ,.8
- 4 3 ,.0
9..1

496
145
6
109
201
-25
9

.5
.2
.3
.7
.0

2 2 5 ,.4
8 0 ..2
8 ..0
4 5 .7
7 5 ..9
- 1 0 .,0
5 ..7

134,.5
5 1 ..5
2 3 ,.9
36..1
12..7
- 8 ..5
1..7

149,.3
52,.1
- 1 ,.3
50,.3
41,.7
- 4 ..1
2..4

32
33
34
35
36
37
38

39
40
41
42
43

R e v a l u a t i o n s b y t y p e of a s s e t
Residential structures
P l a n t and e q u i p m e n t
Inventories
Consumer durables

3 7 1 ..8
1 9 7 ..0
1 3 1 ..9
2 1 ..6
2 1 ..3

5 0 6 ,.4
2 4 4 ..3
173,.5
5 5 ,.8
32.,8

6 1 8 ..6
2 5 8 ..3
2 1 6 ..9
8 4 .,5
5 8 ..9

6 7 0 ,.7
2 4 1 ..7
2 7 4 ..2
9 1 .. 1
6 3 ..7

4 9 6 ,.8
166,.7
2 5 9 ,.0
2 6 ,.5
4 4 ,.5

225, 4
7 7 ..6
1 2 5 ..7
- 3 .,0
2 5 ..1

1 3 4 .,5
6 7 ..2
4 1 ..8
16..1
9. 5

1 4 9 ..3
8 0 ..8
62. 5
0.
.1
5..9

39
40
41
42
43

44
45
46
47
48
49

C h a n g e in l a n d v a l u e s
Households
Farm business
Nonfarm noncorp. business
Nonfinancial corp. business
Private finan. insts.

2 2 3 ..0
1 1 4 ,.8
4 5 ..6
2 3 ..8
3 6 ..6
2..2

3 2 7 ..3
154,.2
8 5 ..5
37..9
4 6 ..6
3,,0

4 2 3 ..0
2 1 1 .5
9 7 .,0
5 2 .,9
5 7 .,9
3. 8

4 2 6 .,2
2 1 9 .,2
6 8 .. 1
7 2 ..1
6 1 .,9
4 ..8

2 7 8 ,.1
1 6 7 ..8
- 8 .4
5 1 ..3
63,.2
4..1

2 0 5 ..7
1 2 3 ,.0
- 3 6 ..2
6 3 ..4
4 9 .,3
6,,2

253, 6
1 3 3 ..3
8 ..4
67, 7
38. 9
5, 2

2 9 4 ..3
251. 6
-96, 9
9 1 ..3
4 2 ,.5
5.,7

44
45
46
47
48
49

50
51
52
53
54

A d j . to c a p i t a l c o n s u m p t i o n
Households
Farm business
Nonfarm noncorp. business
Nonfinancial corp. business

*

,3

4

.4

- 2 ..8

7

-7. 0

*

3

4

-• 4

-2. 8

7

-7.

55
56
57
58
59
60
61

Memo: Total gross domestic investment.
F l o w of F u n d s b a s i s
525. 8
Private sectors
571. 6
Households
363. 3
Farm business
13. 5
Nonfarm noncorp. business
30. 9
Nonfinancial corp.business
150. 8
Private finan.institutions
13. 1

638. 7
673. 3
394. 4
15. 8
35. 4
196. 0
31. 7

741. 8
762. 4
429. 9
17. 9
41. 8
239. 2
33. 7

7 1 3 .. 1
780. 5
459. 6
20. 0
48. 7
222. 2
30. 0

7 5 8 ..1
8 4 8 .,2
506. 1
21. 8
5 6 ..7
265, 8
-2. 2

754. 5
916. 7
547. 2
23. 4
63. 1
263. 8
19. 2

820. 1
1010. 1
610. 2
23. 9
65. 2
289. 5
21. 3

969. 1
1159. 3
697. 2
24. 0
68. 4
345. 5
24. 1

55
56
57
58
59
60
61

-34. 6
4. 8
-40.5
1. 1

-20. 7
5. 4
-27. 3
1. 2

-67.4
-2.2
— 66. 5
1. 2

-90. 1
-10.8
-80.8
1. 4

-162. 2
-3. 3
-161. 2
2. 2

-190. 0
6. 2
-199.
2. 8

-190. 2
5. 4
-199.4
3. 7

62
63
64
65
66

62
63
64
65
66

Public sectors
State 8 local governments
U.C. government
Sponsored credit agencies
Monetary authority

CI) Lines
Data

are

2 0 + 2 6 +
in

billions




31.
of

dollars.

-45.8
10. 9
-58. 1
1. 3

0. 1

0. 1

0. 1

0. 1

.8

.1

0, 1

0. 1

0

0. 1

- 3 ..2 5 0
51
52
53
- 3 ,.2 5 4

0. 1

Tangibl^AsHt

Holdings

Tanslble Asset Holdings
R . 12 D e t a i l s of C h a n g e s in S t o c k s of T a n g i b l e

Assets

6 1

Annual Flows

*nnual

F l o w s

1
2
3
4
5
6

1067,.5
5 5 7 ..2
17..7
96..8
570. 5
45..3

1107. 2
605. 8
9. 3
97. 8
544. 8
51..5

1155..0
650..4
6..7
98..3
562..1
55. 5

1230..7
675..2
.9
1.
101..8
391..1
60..6

1291.6
699.4
16.8
105.7
405.6
66.1

1265.8
691. 5
18. 7
97. 0
391. 6
65. 0

1167.2
655..6
11..6
76,.6
361..1
62..2

1 2 5 1 . 2 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
710,.7
Farm business
13,.7
Nonfarm noncorp. business
82..8
Nonfinancial corp. bus.
382..8
Financial institutions
61..2

7
8
9
10
11
12

711 .6
5 5 9 .8
2 5 .0
72..7
2 5 6 .0
20,.2

756. 8
564. 5
22..7
77..1
2 6 9 ..2
25..3

8 0 5 ..0
595..2
22..2
.5
81 .
279..2
26..9

8 5 8 ..5
425. 5
21..8
8 7 ..2
295.
30,.9

950.4
465.1
22.0
94.6
515.1
55.6

982. 0
494. 9
21. 7
98. 8
327. 0
39.,7

1050..6
5 2 6 ..0
21..4
101,.7
558,.5
42..9

1072..9 C a p i t a l c o n s u m p t i o n
Households
555,.6
Farm business
21. 5
Nonfarm noncorp. business
102,.6
Nonfinancial corp. bus.
547,.9
Financial institutions
45,.3

7
8
9
10
11
12

13
14
15
16
17
18

5 5 5 .9
197 .4
- 5 .5
2 4 .2
114,.5
25 . 1

550. 4
259..3
- 1 5 ..4
20..8
75 .5
2 8 .2

5 5 0 .0
257..2
- 1 5 .5
16..8
8 5 .0
2 8 .5

5 7 2 .2
251,.7
- 1 9 ,.8
14 .6
96 .1
2 9 .6

561.2
256.5
-5.2
11.1
88.5
50.5

281. 8
196. 6
-5. 0
-1.8
64.,7
25.,4

156,.7
129,.6
- 9 ,.8
- 2 5 ,.1
22..7
19..3

178..4 N e t c a p i t a l f o r m a t i o n
Households
155..2
Farm business
- 7 ,.8
Nonfarm noncorp. business
- 1 9 ,.8
Nonfinancial corp. bus.
54 .9
Financial institutions
15..9

15
14
15
16
17
18

19

- 9 6 .9

- 1 5 2 .1

- 1 6 7 ..6

- 1 2 6 .8

-98.7

- 4 5 ..1

- 4 ..8

56 .5
101 .3
16..4
- 1 6 .8
- 5 6 .4
- 7 .9

8 9 .3
127 .9
21 .2
- 1 4 .6
- 2 4 ,.6
- 2 0 ,.6

190.5
218.4
7.1
-11.1
-26.1
2.5

195. 1
218. 8
5. 2
1. 8
-16. 6
-14. 1

277..0
228..8
11,.4
25,
50,.9
- 1 9 ,.1

- 6 8 ..9 N e t f o r e i g n i n v e s t m e n t C I )
Net financial i n v e s t m e n t :
Private sectors
512..9
Households
249..7
Farm business
8..5
Nonfarm noncorp. business
19 8
Nonfinancial corp. bus.
48,.6
Private finan. insts.
- 1 5 ,.7

20
21
22
25
24
25

.5
.7
.4
.7

-220.9
-54.9
-186.6
0.6

-224. 9
- 4 5 ..7
- 1 8 2 ..7
1. 5

- 5 0 0 ,.1
- 5 9 ,.9
- 2 6 2 ,.4
2,.2

- 4 0 4 ,.7
- 4 6 ,.5
- 5 6 1 ,.2
5.
.0

Public sectors
State & local g o v e r n m e n t s
U.S. government
Sponsored credit agencies
Monetary authority

26
27
28
29
50

2 2 .8

Unallocated

51

20
21
22
25
24
25

98
162
6
-24
-50
-15

.2
.9
.4

157 .8
198..2
14 .0
-20. 8
-28. 8
- 4 .9

26
27
28
29
50

-205
15
-216
-1

.0
.6
.8
.7

- 2 5 6 .2
7 .7
- 2 4 5 ..3
.7

- 1 8 7 .4
- 1 7 .6
- 1 6 9 .8
0

7 .7

- 5 5 .7

- 1 6 .7

- 2 0 .6

-68.5

- 1 5 ..2

18,.3

51

.4
.8

-195
-5
-190
0

financial

flows

1
2
5
4
5
6

19

52
55
54
55
56
57
58

165
69
-4
64
50
0
2

.0
.7
.0
.2
.5
.5
.8

242
126
4
64
48
9
7

.0
.7
.3
.9
.5
.8
.4

549
162
14
82
68
-14
6

.6
.6
8
.7
.4
.5
.6

2 2 9 .1
.5
2 0 .4
4 7 .6
121 .2
- 2 7 .3
15 .0

555.5
126.1
9.5
81.2
106.4
-17.5
12.9

515..5
116..9
2. 8
65. 9
102..2
- 1 4 ..2
13..6

2 1 2 .9
155 .5
2 .8
5 2 .6
24,.8
5 .1
2 .6

221 .4 R e v a l . of p h y s i c a l a s s e t s
Households
121,.8
Farm business
7 .2
Nonfarm noncorp. business
47..9
Nonfinancial corp. bus.
22..9
-8,.0 - I n v e n t o r y v a l u a t i o n a d j .
Financial institutions
15 .4

52
55
54
55
56
57
58

59
40
41
42
45

165
101
67
-19
15

.0
.0
.5
.1
.8

242
146
95
-25
25

.0
.8
.4
.2
.0

549
192
91
56
29

.6
.8

229
-55
169
57
56

.1
.3
.1
.0
.5

555.5
165.1
154.5
24.0
11.9

315..5
141..4
140..0
18..1
16..0

2 1 2 .9
125,.6
5 0 .2
- 1 5 .3
5 0 .4

221..4 R e v a l u a t i o n s by t y p e of a s s e t
Residential structures
144 .1
P l a n t and e q u i p m e n t
5 6 .1
Inventories
13..7
Consumer durables
7 .5

59
40
41
42
45

44
45
46
47
48
49

251 .8
177 .5
- 8 0 .7
108 .5
58 .9
7 .8

201 .0
150 .1
—46,.7
72 .8
55 .6
11 .2

292
156
42
45
58
11

.4

566
197
25
71
60
12

.0
.5
.5
.5
.6
.9

407.2
240.6
19.5
76.6
64.0
6.4

- 6 1 4 ..7
- 3 0 1 ..1
6 .5
- 1 1 8 ,.4
- 1 8 4 ,.9
- 1 6 .7

.5
.6
.9
.5
.9
.9

- 4 5 5 .1 C h a n g e in land v a l u e s
Households
- 2 0 .5
Farm business
.3
Nonfarm noncorp. business
- 1 4 5 .5
Nonfinancial corp. business
- 2 5 9 .9
Private finan. insts.
- 9 .0

44
45
46
47
48
49

-5.8
-2.6

- 8 .0
' - 3 .1
0,.1
- 2 .3
- 2 .8

- 2 .3 A d j . to c a p i t a l c o n s u m p t i o n
Households
- 3 .6
Farm business
.2
Nonfarm noncorp. business
1 .7
Nonfinancial corp. business
.2

50
51
52
53
54

.5
.1

.6
.6
.3
.9

*

50
51
52
55
54

•

55
56
57
58
59
60
61

965
1166
700
23
72
344
26

.0
.9
.0
.9
.7
.0
.4

62
63
64
65
66

- 2 0 3 .9
15 .6
- 2 2 1 .2
1 .6
0 .1




1028
1268
802
23
77
323
42

.8
.3
.1
.3
.1
.2
.7

-239 5
7 .7
- 2 5 0 .5
3 .1
0 .2

*

"

*

-1.4
-1.9

-215
246
-4
-127
-526
-2

.4
1 .9
0. 1
- 1 .0
- 1 .4

.2
.6
.7
.1
5
.7
.7

1124
1519
803
23
87
369
35

.5
.1
.1
.1
.2
.8
.8

1261.2
1480.0
917.8
25.9
94.6
379.9
63.9

1234
1458
910
23
98
378
46

.0
.2
.3
.9
.8
.5
.8

1144
1442
884
23
101
394
38

- 1 8 6 .4
- 1 7 .6
- 1 7 2 .8
3 .8
0 .2

-194
-5
-193
4
0

.6
.7
.7
.7
.2

-218.9
-34.9
-189.0
4.9
0.2

-224
-43
-186
5
0

.3
.7
.2
.4
.2

- 2 9 8 .7
- 3 9 .9
- 2 6 5 .2
6 .2
0 .2

1002
1188
751
25
81
308
43

.2
.8
.4
.0
.7
.8
.9

Memo: Total gross domestic investment,
F l o w of F u n d s b a s i s
1 1 5 9 .5
Private sectors
1 5 6 2 .9
Households
9 6 0 .4
Farm business
2 2 .2
Nonfarm noncorp. business
1 0 2 .6
Nonfinancial corp.business
4 3 3 .9
Private finan.institutions
4 3 .7
- 4 0 3 .4
- 4 6 .5
- 3 6 3 .7
6 .7
0 .2

Public sectors
State t local governments
U.S. government
Sponsored credit agencies

Monetary authority

CI) Lines 20 • 26

• 31.

55
56
57
58
59
60
61
62
63
64
65
66

M a r c h ]0,
Household

Annual

1993
Sector

Household
Factors

62

Accounting

in

Net

Sector

Worth
Annual

1946
R.100

G r o s s i n v e s t m e n t of
household sector» from
F l o w of F u n d s A c c o u n t s

1947

Households»

Personal

1948
Trusts,

1949
and

1950

Flows

1951

Nonprofit

Organizations

6 -

33.6

26, 5

3 3 ..0

3 1 .,4

4 3 ,.3

4 8 ..0

64.5

1

Capital expenditures
Net financial i n v e s t m e n t
N e t a c q . of f i n S n . a s s e t s
- N e t i n c r . in l i a b i l i t i e s

2
3
4
5

7

Change

Flows

1945

1

for

22.0
11.6
18.2
6.6

3 0 ..5
— 4 ,.0
4..5
8 ..6

3 6 .,2
- 3 ..2
4..9
8 ..1

3 8 ., 1
- 6 ..7
1..3
8. 0

4 7 .8
- 4 .5
7 .8
12,.3

4 7 ,.5
0..5
10,.7
10..2

46.8
17.7
27.9
10.2

2
3
4
5

Capital

11.4

14.,1

16..2

18..0

2 0 ,.0

2 3 ..3

25.8

6

22.2

12..3

16..7

13.,3

2 3 ..3

2 4 ..7

38.8

consump.

= Net investment
Balance Sheet

8 9
10

allow.»NIPA

flow,
basis

*

7

Depreciation valuation adj.
Depreciation charges
-Cap. consump. allow., NIPA

0.1
11.5
11.4

14..1
1
14.

16.,2
16..2

18.,0
18..0

2 0 ..0
2 0 ,.0

2 3 .,3
2 3 ..3

25.8
25.8

8
9
10

11
12
13
14

+ 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
-Gross purchases/ FOF basis

13.7
24.1
11.5
22.0

17.,3
3 3 ..7
14..1
30. 5

7.,3
2 7 .,2
16..2
3 6 ..2

1.,2
2 1 .,2
18. 0
3 8 .. 1

15,.8
4 3 ,.6
2 0 ,.0
4 7 ,.8

12. 8
3 7 ..0
2 3 .,3
47. 5

3.1
24.1
25.8
46.8

11
12
13
14

15
16
17
18

R e v a l u a t i o n b y t y p e of a s s e t
Residential structures
Nonres. plant 8 equipment'
Consumer durables

13.7
11.7
1.7
0.3

17..3
13,.1
.7
1.
2..5

7..3
5..9
0.,4
0..9

1.,2
1..9
,2
.6

15,.8
8 ..3
0..8
6..7

12. 8
7., 1
0. 9
4..9

3.1
2.0
0.2
0.9

15
16
17
18

3.6

6..9

6..7

7..6

6..0

9. 0

12.0

19

- 3 ,.3
- 2 .. 1
1. 1
.

- 2 ..1
-1 . 1
1..0

8 ..6
9..3
0.,7

2 3 ,.5
2 4 .2
0,.7

20. 8
2 2 ..6
8
1 .

12.7
14.1
1.5

20
21
22

5.1
5.1

5,.4
5 .4

5..3
5..3

5..6
5.,6

6.,3
6.,3

7.7
7.7

23
24
25

50.5
51. 1
0.6

4 3 .2
36,.2
- 7 ,.0

13..2
9,.2
- 3 ..9

6..9
.4
- 7 ..2

2 9 ..1
2 1 .,4
- 7 ..7

0.8
0.9
0.1

26
27
28

•
19
*
20
21
22

C h a n g e in t h e v a l u e
land holdings

of

R e v a l . of c o r p o r a t e e q u i t i e s
8 mutual fund shares
C h a n g e in v a l u e
'
-Net purchases

23
24
25

+ R e v a l . of l i f e 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 v a l u e
-Net acquisitions
,

26
27
28

+ 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 i n v . in n o n c o r p . b u s .

29

• Other

30

= Change

31
32

Memo:
Net worth o u t s t a n d i n g
Disposable personal income

Data

are

in

8

revaluations
in

net

worth

billions




pf- d o l l a r s .

-9.3
-8.1
1.2

.
6..1
6.. 1
37,.0
31..6
- 5 ,.3

-.1

.2

.3

-• 4

1,.8

-• 3

-.1

29

80.5

76..3

4 1 ..5

3 7 ..2

107,.4

96. 2

67.2

30

756.1
158.9

8 3 2 .4
168,.8

8 7 3 ..9
1 8 8 ..2

1114.
.7
227. 6

1181.9
240.2

31
32

911 . 1
.
1 8 7 ..9

1 0 1 8 ,.5
2 0 7 .5

'

M a r c h 10,
Household

1993
Sector

Household
Factors

Annual

Accounting

for

Change

in

Net

Worth

Sector

63

Flows

Annual

Flows

1955
R.100

Households,

Personal

Trusts,

64.2

58.4

68.5

75.1

51.7
12.5
25.1

52.0
6.4

63.4
5.1
25.2

12.6

11.7

20.1

62.4
12.7
28.3
15.6

28.0

30.9

32.5

36.3

18.2

and

Nonprofit

77.6

Organizations

78.0

79.3

83.1

15.5
27.3

58.8
19.2
31.3

12.0

71.8
7.5
30.2
22.7

71.0
12.1
28.9
16.7

39.1

41.2

43.3

44.8

62.1
11.8

43.3
43.3

44.8
44.8

1.6

-2.6
26.0

-4.7
21.5
44.8
71.0

+ 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

11
12
13
14

-4.7
-1.9
-.3
-2.6

R e v a l u a t i o n b y t y p e of a s s e t
Residential structures
Nonres. plant 8 equipment
Consumer durables

15
16
17
18

36.3
36.3

39.1
39.1

11

-2.1
21.6

20.8

-.3

3.0
33.9
32.5
63.4

8.4
34.5
36.3
62.4

-3.9
19.1
39.1

51.7

30.9
52.0

62.1

19.2
41.2
58.8

3.0
4.5
0.9
-2.4

8.4
1.5

-3.9
-.4

-.2

15

-2.1

16

-.3

2.6

-.7

17

18

1.1

5.8

0.1

-3.6

43.3
71.8

1.6

-2.6

-.3

-.1
-.6

2.1

-1.8

9.4

20

-9.1

-8.0

21

1.0

22
23
24
25

0.1

7.9
7.9

26

71.9
72.6
0.7

0.5

1.6

27

1.1

28

7.9
7.8
4.3
2.-T

-2.1

50.2
51.3

1.1

16.8
18.8

8.5
11.7
8.7
-3.0

9.5
9.5
17.2
15.4

-1.8

-39.2
-37.7
1.5

104.2
105.9

28.1
28.7

9.5

2.7
13.1
10.4

13.1
11.9

0.1
11.6
11.5

12.0

12.1

10.3
-1.7

13.3

10.4
3.5
-6.9

5.8
1.9
-3.9

8.8

1.8

1.2

-.2

31
32

Data

-.2

-.2

112.5

91.8

18.4

167.7

1439.8
279.9

1531.7
298.8

1550.1
315.3

1717.8
326.4

1216.7
255.5

are

1.2

-.3

34.9

0.6

in

billions




1327.4
261.3

of

dollars.

+ C h a n g e in t h e v a l u e
land h o l d i n g s

•

*
42.3

1800.5
346.7

flow,
basis

7

of
19

+ R e v a l . of c o r p o r a t e e q u i t i e s
-6.6
8 mutual fund shares
-6.5
C h a n g e in v a l u e
-Net purchases
*

-.7

2.0

2.3

10.8

allow.,NIPA

41.2
41.2

32.5
32.5

28.0

6

consump.

8
9
10

30.9
30.9

13
14

Capital

Depreciation valuation adj.
Depreciation charges
-Cap. consump. allow., NIPA

28.0
28.0

12

-

2
3
4
5

36.1

9

10

1

Capital expenditures
Net financial investment
N e t a c q . of f i n a n . a s s e t s
- N e t i n c r . in l i a b i l i t i e s

Net investment
Balance Sheet

35.9

8

G r o s s i n v e s t m e n t of
household sector, from
F l o w of F u n d s A c c o u n t s

1842.9
360.5

R e v a l . of l i f e 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 v a l u e
-Net acquisitions

20
21
22
8

+ 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 i n v . in n o n c o r p . b u s .
+ Other
= Change

revaluations
in

net

worth

Net w o r t h o u t s t a n d i n g
Disposable personal income

23
24
25
26
27
28
29
30

31
32

M a r c h 10,
Household

Annual

1993
Sector

Household
Factors

64

Accounting

r

Change

in

Net

Sector

North

Flows

Annual

1061

1^6:'
R. 100

Gross i n v e s t m e n t
cf
household s e c t o r , from
F l o w of F u n d s A c c o u n t s
1

"eu

1963
•'iolds.

Personal

1964
Trusts,

1965
and

Nonprofit

1967

1968

Organizations

8 4 .5

92.3

9 8 .9

1 1 3 .3

1 3 9 .8

1 4 6 ,.4

1 5 0 .5

1

Capital expenditures
Net financial investment
N e t a c q . o f f i n a n . asset*- N e t i n c r . i n l i a v ; ] i1 •

6 9 ,2
15,.3
.5
17 .2

76. 9
15 4
36.5
C • 1

8 4 .4
14,.5
4 2 .5
2 7 .9

9 1 .7
2 1 ,.5
4 9 .7
2 8 .2

98
23
53
29

.8
.6
.6
.9

1 0 2 .2
3 7 .6
5 9 .6
2 2 ,.0

1 0 4 .3
42
6 6 .9
2 4 ,.9

1 1 7 .4
3 3 .1
6 6 .7
33,.6

2
3
4
5

-

Capital

4 6 .5

47.9

4 9 ,.8

5 2 .2

5 4 .4

5 7 ,.4

6 2 .2

6 8 .1

6

=

Net investment
Balance Sheet

3 8 .0

44.5

4 9 .1

6 1 ..1

6 8 .1

8 2 .4

8 4 ,.2

8 2 ,.4

7

6 8 .1
6 8 .1

8
9
10

4 3 .9
9 3 ,.1
68 . 1
1 1 7 ,.4

11
12
13
14

2
3
4
5
6

7

consump.

a i:

-NIPA

flow,
basis

1 2 2 .4

1966

Flows

«

8 9
10

Depreciation valuation adj.
Depreciation charges
-Cap. consump. allow., NIPA

4 6 .5
4 6 .5

47.9
47.9

4 9 ,.8
4 9 ,.8

5 2 .2
5 2 ,.2

5 4 .4
5 4 .4

+

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
-Gross purchases, FOF basis

-3
18
46
69

.8
.9
.5
.2

-6.9
22.2
47.9
76.9

- 1 0 .8
2 3 .8
4 9 .8
8 4 ,.4

- 2 ,.2
3 7 ,.4
5 2 ,.2
9 1 ,.7

-7
37
54
98

R e v a l u a t i o n b y t y p e of a s s e t
Residential structures
Nonres. plant 8 equipment
Consumer durables

- 3 .8
- 2 ..8
0 .3
- 1 ..3

-6.9
—4.2
0.4
-3.1

- 1 0 ,.8
- 1 0 ,.0
0 .6
- 1 ,.4

+

C h a n g e in t h e v a l u e
land holdings

1 2 .3

11.1

+

R e v a l . of c o r p o r a t e
& mutual fund shares
C h a n g e in v a l u e
-Net purchases

1 0 4 ..2
1 0 5 ,.3
1 .1

11
12
13
14
15
16
17
18

19

20
21
22
+
23
24
25
•

29

•

Other

30

=

Change

31
32

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

are

in

revaluations




of

1 0 .7
5 2 .8
6 2 .2
1 0 4 ,.3

- 2 ,.2
1,.4
0 .6
- 4 ,.2

- 7 .5
.9
1 .3
- 7 .9

16,.0
14,.7
2,.1
- •.7

10,.7
6,.3
1,.0
3,.5

4 3 ,.9
3 6 ,.0
3 .8
4 .1

15
16
17
18

14,.8

4 .6

7 .3

1 1 ..8

14,.7

2 9 .5

19

-62.4
-63.7
-1.4

7 7 .9
7 6 ,.4
- 1 .5

5 0 ,.9
5 0 ,.6
- •.2

7 2 .3
7 0 .8
- 1 .5

- 6 0 .. 1
- 6 0 ..1

4 .2
1 6 .3
12,.1

-3.3
9.8
13.0

3 .9
17,.8
13,.9

4 ,.1
2 0 .4
1 6 ,.4

4 . 1
21 . 1
17 .0

- 5 ,.0
1 4 ..3
1 9 ..3

8 .4
2 7 ,.2
18,.8

6 .6
2 6 .5
1 9 .9

1 0 .6
8 .6
- 2 .0

12.3
9.1
-3.2

12,.5
9 .5
- 3 ..0

1 7 .8
12,.5
- 5 .4

2 5 .4
2 1 .8
- 3 .6

2 5 -7
23, 5
- 2 ..2

2 3 ,,4
19,.3
- 4 ..1

3 8 .6 2 6
3 5 .9 2 7
- 2 ,.7 2 8

1 4 7 ..7
1 4 4 ..5
- 3 ..1

1 4 3 ,.3 2 0
1 3 7 ,.2 2 1
- 6 -1 2 2

0.,1

23
24
25

- •.2 2 9

- .3

dollars.

0.7

0,.2

0,.8

1 6 5 .2

worth

billions

1 6 .0
6 0 ,.8
5 7 .4
1 0 2 ,.2

8

Memo:
Net worth outstanding
Disposable personal income

Data

.5
.0
.4
.8

equities

26
27
28

net

6 2 .2
6 2 .2

of

R e v a l . of l i f e i n s u r a n c e
pension fund reserves
C h a n g e in v a l u e
-Net acquisitions

in

5 7 .4
5 7 .4

—4.0

1 4 7 .5

1 3 7 ,.1

1 6 9 .7

7 0 ,.8

2 8 9 .2

3 4 4 ,.0

30

2 0 0 8 .1
3 7 6 .3

2004.1
398.7

2 1 5 1 , .6
4 1 8 ,.3

2 2 8 8 .7
4 5 4 ,.7

2 4 5 8 .4
4 9 1 .0

2 5 2 9 ,.2
5 3 0 ,.7

2 8 1 8 , .5
5 6 8 .7

3 1 6 2 .4
6 1 7 .8

31
32

M a r c h 10,
Household

1993
Sector

Household
Factors

Annual

Accounting

for

Change

in

Net

Worth

Sector

65

Flows

Annual

1969

1970

1971

R.100

Households»

1972
Personal

Trusts,

1973
and

Nonprofit

1974

Flows

1975

Organizations

G r o s s i n v e s t m e n t of
household sector, from
F l o w of F u n d s A c c o u n t s

157.8

174.1

194.2

2 1 9 .8

2 6 5 ..0

2 4 4 ..4

2 9 3 ,.1

3 2 1 .2

124.9
32.9

28.0

123.0
51.1
71.0
19.9

147.0
47.2
91.9
44.7

173..0
4 6 .8
109,.9
63..0

1 9 1 ..9
7 3 ..1
1 3 9 .,7
6 6 ..6

1 8 4 ..3
6 0 ..1
1 0 7 ..9
4 7 ..7

1 9 6 ..0
97..1
149,.0
5 1 ,.9

2 4 1 ,.6
79,.6
172,.7
9 3 .1

Capital expenditures
Net f i n a n c i a l investment
N e t a c q . of f i n a n . a s s e t s
- N e t i n c r . in l i a b i l i t i e s

75.9

83.0

90.9

98,.7

1 0 8 .,1

1 2 2 ..1

138,.7

1 5 3 .3 -

Capital

121,.1

1 5 6 .,8

1 2 2 ..3

154,.4

167,.9

1 0 8 ,, 1
1 0 8 ..1

122,.1
122,.1

138,.7
138,.7

153,.3
1 5 3 .3

61.0

8

consump.

= Net investment
Balance Sheet
-

allow.>NIPA

flow.
basis

Depreciation valuation adj.
Depreciation charges
- C a p . consump. allow., NIPA

9
10

75.9
75.9

83.0
83.0

90.9
90.9

9 8 .7
9 8 .7

11

36.9
85.9
75.9
124.9

26.5
66.5
83.0
123.0

41.7
97.7
90.9
147.0

7 4 .8
1 4 9 .0
9 8 .7
173,.0

8 7 ..3
171.
1 0 8 ..1
1 9 1 ..9

1 3 9 ..5
2 0 1 ..7
1 2 2 ..1
1 8 4 .3

104,.0
161,.3
1 3 8 .7
196,.0

110,.2 + R e v a l . o f 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
198,.5
Depreciation charges
153,.3
-Gross purchases> FOF basis
2 4 1 ,.6

36.9
29.3
4.4
3.3

26.5
13.0
4.3
9.1

41.7
39.4
6.4
-4.1

74,.8
71 .2
7 .0
- 3 .4

8 7 ..3
7 3 ..5
8 ..6
5..2

139,.5
8 3 .8
11..1
4 4 .6

104,.0
72,.2
7 .7
24,.2

1 1 0 .2
8 8 .1
6 .5
15,.6

41,.0

4 9 ..7

5 8 ..0

8 3 .8

94,.9

9 6 .5
8 7 .4
- 9 .1

- 2 0 6 ..7
- 2 1 1 ,.1
- 4 ..4

- 2 1 3 ..6
- 2 1 5 ..3
- 1 ..7

152,.3
147..3
- 5 ,.0

12
13
14
15

16
17

18

20

-109.7

-111 .8
-2.1

21
22

-17.0
-17.5
-.5

2.2

23
24
25

-6.1

21.8

26.4
24.2

26

35.3
27.6
-7.7

-7.4

1.0

108.2
103.8
-4.4

•
11 .8
6 0 .3
4 8 .5

- 2 5 ,.9
14,.0
39,.9

- 2 9 ,.2
14..5
4 3 ..7

3 4 .9
1 0 6 .8
71,.9

54.0
46.7
-7.3

9 0 .7
7 3 .3
- 1 7 .4

132,.6
133,.7
.0
1.

113,.2
77,.7
- 3 5 ,.5

1 0 3 .0
8 1 .0
.0

-1.5

- 1 .4

- 5 ,.2

3,.8

2,.6

.4

146.0

4 3 4 .6

188,.8

194,.1

6 3 5 .0

6 4 4 .8

3220.6
663.8

28

31
32

Data

28.0

58.2

27

3366.7
722.0

< 1 3 8 .8
8 4 8 .5

4 3 2 7 ,.6
9 5 8 ,. 1

4 5 2 1 ,.7
1 0 4 6 ,.6

5 1 5 6 .7
1 1 5 0 .9

are

in

billions




29.6

22.2

of

dollars.

+ C h a n g e in the v a l u e
land h o l d i n g s

3704.2
784.8

of

• R e v a l . of c o r p o r a t e e q u i t i e s
8 mutual fund shares
117,.6
C h a n g e in v a l u e
1 1 8 .8
-Net purchases
1 .2

15.5
43.4

15.8

R e v a l u a t i o n b y t y p e of a s s e t
Residential structures
Nonres. plant 8 equipment
Consumer durables

15,.6
7 2 .2
5 6 .6

R e v a l . of l i f e 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 v a l u e
-Net acquisitions

20
21

22

8

1 3 9 .0 + R e v a l . o f 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
113 . 1
- N e t i n v . in n o n c o r p . b u s .
- 2 5 .9
•

Other

= Change

revaluations
in

net

worth

Memo:
5 8 0 1 .4 N e t w o r t h o u t s t a n d i n g
1 2 6 4 .0 D i s p o s a b l e p e r s o n a l i n c o m e

23
24
25

26
27

28
29
30

M a r c h 10,
Household

1995
Sector

Household
Factors

66

Annual

Accounting

1979

Households,

Personal

1980
Trusts,

1981
and

Nonprofit

1982

Flows

1983

Organizations

Capital expenditures
Net financial investment
N e t a c q . of f i n a n . a s s e t s
- N e t i n c r . in l i a b i l i t i e s

6 -

7 5 .4
2 1 4 .6
1 4 1 .2

6 5 .0
2 5 2 .5
1 6 9 .5

8 1 .8
2 5 0 .4
1 6 8 .5

1 3 0 .6
2 5 3 .4
1 2 2 .8

1 5 5 .2
2 6 9 .4
1 1 4 .2

2 0 2 .8
2 9 5 .1
9 2 .3

181 .7
5 7 8 .7
1 9 7 .0

2 0 0 .0
4 3 2 .1
2 3 2 .1

3
4
5

Capital

1 7 0 .6

1 9 1 .1

2 1 6 .8

2 4 6 .1

2 6 7 .3

2 8 5 .0

2 9 8 .3

3 1 3 .5

6

1 9 2 .7

2 0 5 .2

2 1 5 .1

2 1 3 ,.5

2 5 8 .7

2 6 2 .3

5 1 1 .9

3 8 3 .7

7

consump.

= Net investment
Balance Sheet

8 9
10

allow.,NIPA

flow,
basis

Depreciation valuation adj.
Depreciation charges
-Cap. consump. allow., NIPA

*

*

15
16
17
18

R e v a l u a t i o n b y t y p e of a s s e t
Residential structures
Nonres. plant 8 equipment
Consumer durables
+ C h a n g e in t h e v a l u e
land holdings

2 1 6 .8
2 1 6 .8

2 4 6 ,.1
2 4 6 ,.1

2 6 7 .3
2 6 7 ,.3

2 8 5 .0
2 8 5 .0

2 9 8 ..3
2 9 8 ..3

171
290
170
289

.4
.7
.6
.9

2 1 9 ,.8
5 6 0 ,.1
1 9 1 .1
5 5 1 ,.4

256
567
216
548

.0
.2
.8
.0

2 2 6 ,.5
5 0 9 ,.2
2 4 6 ,.1
5 2 9 ,.0

145,.1
2 2 8 ,.7
2 6 7 ,.3
5 5 0 ,.9

8 0 .• 2
139..7
2 8 5 ..0
3 4 4 ,.4

5 1 .5
181..8
2 9 8 ,.3
4 2 8 .5

52,. 1
2 3 5 ,.9
3 1 3 ..5
4 9 7 ..2

11
12
13
14

171,.4
1 5 9 .4
10,.8
2 1 .5

2 1 9 ,.8
172,.0
15,.0
52,.8

256
158
18
58

.0
.9
.2
.9

2 2 6 ,.5
145,.5
19..5
6 5 ,.7

1 4 5 .1
8 4 ,.1
16,.5
4 4 .5

8 0 ..2
4 4 ..0
11,.1
25,.1

51.5
53,.1
9..0
9,.5

5 2 .. 1
37..1
9.. 1
5..9

15
16
17
18

154,.2

2 1 1 .5

2 1 9 ,.2

1 6 7 .8

123..0

133,.3

2 5 1 .6

7,.9
- 3 .9
- 1 1 ..8

1 7 6 .8
152,.0
- 2 4 .8

3 1 7 ..0
5 0 6 ,,4
- 1 0 ..6

- 2 2 ..5
- 5 9 ..5
- 3 7 ..0

106..9
91..3
- 1 5 ..6

1 7 4 .7
170,.6
—4 , 1
.

6 5 .8 2 0
16..4 21
- 4 9 .4 2 2

- 1 6 .2
62,.4
7 8 .6

17,.4
112,.4
95,.0

14,.4
116,.3
101,.8

4 0 .,2
1 5 8 ..7
1 1 8 ..5

- 2 7 ..8
90.. 1
1 1 7 ..9

136,.0
2 8 9 .5
1 5 3 ..5

6 8 .8
2 4 9 .6
1 8 0 .7

.3 2 3
1 8 2 .7 2 4
1 8 3 .0 2 5

1 4 5 .0
125,.7
- 2 1 ,.4

2 5 5 ,.4
2 0 5 ,.6
- 5 1 ,.8

2 8 6 ,.7
2 5 5 ,.9
- 5 2 ,.9

2 9 5 .. 1
2 5 1 .,9
— 6 1 ..2

1 9 8 ..7
1 5 3 ..0
- 4 5 .7

8 2 .6
0..7
- 8 1 ..9

134..6
4 6 .8
- 8 7 .8

5 0 .7 2 6
- 3 2 .1 2 7
- 8 2 .9 2 8

- 2 5 ..8

of

• R e v a l . of c o r p o r a t e
8 mutual fund shares
C h a n g e in v a l u e
-Net purchases

191,
191,.1

- 4 2 .9
- 4 9 .5
- 6 .4

+ 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

1 7 0 .6
1 7 0 .6

8
3 1 3 ..5
9
3 1 3 ..5 10

114,.8

11
12
15
14

20
21

Sector

Worth

G r o s s i n v e s t m e n t of
household sector, from
F l o w of F u n d s A c c o u n t s

2
3
4
5

19

in N e t

Annual

1978

7

Change

Flows

R.100

1

for

equities

25
24
25

• R e v a l . of l i f e i n s u r a n c e
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

26
27
28

• 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 i n v . in n o n c o r p . b u s .

29

+ Other

50

= Change

8

revaluations
in

net

- 9 .6

are

in




billions

of

dollars.

6..0

- 4 .3

0..2

- 7 .1

5 5 5 .2

worth

Memo:
31 N e t w o r t h o u t s t a n d i n g
52 D i s p o s a b l e personal income

Data

19

8 4 5 ,.9

1 1 3 4 .2

1 5 0 9 ..5

6 9 2 .9

6356.6
1591.3

7200.6
1567.8

8334.8
1753.0

9644.3
1953.0

10337.3
2174.5

7 6 5 .. 1

11102.4
2319.6

2 4 ..2

- 3 ..0 2 9

8 9 9 ,.1

8 0 0 ,.7 3 0

12001.5
2493.7

12802.2
2759.5

31
32

M a r c h 10,
Household

1993
Sector

Household
Factors

Annual

Accounting

for

Change

in Net

Annual

Flows

1986

1987

R. 100

Households.

1988
Personal

Trusts,

1989
and

1990

Nonprofit

1991

802.1

731.7

803.1

917.8

910.3

884.4

960.4

537.2

630.4
101.3
386.4
285.1

675.2
127.9
453.4
325.5

699.4
218.4
528.0
309.6

691.5

655.6

469.5
306.7

603.8
198.2
525.8
327.6

339.8

364.5

393.2

423.5

463.1

G r o s s i n v e s t m e n t of
household sector, from
F l o w of F u n d s A c c o u n t s

-2.6

218.8

228.8

474.3
255.5

394.2
165.4

710.7
249.7
471.3
221.6

494.9

526.0

555.6

-

404.8

162.8

= Net investment
Balance Sheet

-3.1
4 9 1 .8
494.9

9

339.8
339.8

364.5
364.5

393.2
393.2

423.5
423.5

460.5
463.1

11

69.7
267.1
339.8
537.2

126.7
366.0
364.5
603.8

162.6
399.7
393.2
630.4

-.5
251.3
423.5
675.2

365.0
460.5
699.4

116.9
316.5
4 9 1 .8
6 9 1 .5

69.7
46.7
9.3
13.8

126.7
90.6

122.3

126.1
101.0

116.9
92.1

12
13
14
15
16
17

18

162.6
11.2

11.1

25.0

29.1

-.5
-51.2
14.5
36.3

126.1

13.1
11.9

8.8
16.0

-69.0

-

Depreciation valuation adj.
Depreciation charges
-Cap. consump. allow., NIPA

8
9
10

133.3

527.9
655.6

121.8
280.5
552.0
710.7

+ 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
-Gross purchases, FOF basis

11
12
13
14

133.3
79.7
3.2
50.4

121.8
104.8
9.4
7.5

R e v a l u a t i o n b y t y p e of a s s e t
Residential structures
Nonres. plant 8 equipment
Consumer durables

15
16
17
18

261.0

-93.6
-104.2
-10.6

-94.2

97.2
62.5
-34.7

192.3
131 .4
-60.9

151.1

-31.2

184.3
151.8
-32.5

600.8

•

26

26.0

27

28

-65.8

120.0

118.2

19.8

Data

14072.3
2943.0

are

in

15231.6
3131.5

billions




of

16099.7
3289.6

dollars.

17199.1
3548.2

-8.5

1718.1

31
32

785.3

18917.2
3787.0

of

-80.8
-81.6
-.8

234.2
484.3
250.1

91 .8

> C h a n g e in t h e v a l u e
land h o l d i n g s

-36.2
-75.5
-39.3

90.8
309.7
218.9

86.4
304.3
217.9

7

-3.6
552.0
555.6

212.4

5 1 .8
182.3
130.5

23
24
25

allow.,NIPA

flow,
basis

135.0
394.4
259.3

90.9
339.9
249.0

22

6

consump.

650.1
942.4
292.2

-32.1

-163.2
-139.7
23.6

-101.1

Capital

672.8
72.0

455.9
358.7
-97.2

284.2
289.3
5.2

2
3
4
5

19

• R e v a l . of c o r p o r a t e e q u i t i e s
242.7
8 m u t u a l fund shares
404.0
C h a n g e in v a l u e
161.4
-Net purchases

250.1
130.4
-119.7

489.0
436.1
-52.9

21

1

Capital expenditures
Net financial i n v e s t m e n t
N e t a c q . of f i n a n . a s s e t s
- N e t i n c r . in l i a b i l i t i e s

1.9
527.9
526.0

-20.5

20

Flows

Organizations

700.0

10

Sector

67

Worth

18839.3
4042.9

20629.1
4209.6

21414.4
4430.8

R e v a l . of l i f e 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 v a l u e
-Net acquisitions

20
21
22
8

• 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 i n v . in n o n c o r p . b u s .
+ Other
= Change

revaluations
in

net

worth

Net worth outstanding
Disposable personal income

23
24
25
26
27
28
29
30

31
32

M a r c h 10, 1993
F a r m and N o n c o r p o r a t e

Business

Farm

68

Annual

Factors

Accounting

for

Change

in

Net

and

Noncorporate

Business

Worth

Flows

Annual

Flows

1946
R.102
Gross
farm
Flow

1
2
3
4
5

i n v e s t m e n t of
business sector, from
of F u n d s A c c o u n t s

1.3

Capital expenditures
Net financial investment
N e t a c q . of f i n a n . a s s e t s
- N e t i n c r . in l i a b i l i t i e s

6

+ Proprietors'

7 -

Capital

net

= Net investment
Balance Sheet

8

9 10
11

investment

consump.allow.,

Farm

NIPA

1.5

-.9
0.7

0.1

0.8

-1.0

1.3

1.6

1.6

8

1.9

2.1

2.4

in

net

-3.4

-2.6

8.7
11.3
2.4
5.1

1.6

0.6

2.1
-1.4

1.5

1.6

2.1

20.8

2.2

1.9
5.9
— 3.4

0.6

-2.6
0.2

-4.8

0.3
-3.0

1.7
1.5
17.6

1.2
5.5

0.8

3.3

8.7

2.8
2.8
3.2
5.8

2.8
5.4
3.2

0.8

0.6

6.9

1.3
1.3

1.0

worth

9
10
11

-4.1
-1.6
3.0
5.5

12
13
14
15

-4.
*
0.5
4.6

16
17
18
19

20
21

noncorporate
security

outstanding

+ Proprietors'
Capital

net

Nonfarm

Noncorporate

Business

3.1

3.7

4.2

4.5

4.0

-1.6

-1.2

5.2
-4.1

5.5
0.4
-5.1

-3.1
7.6

-6.0

-6.5

3.7

-1.0
1.3
2.3

investment

consump.allow.,

= Net investment
Balance Sheet

NIPA

1.1

4.7

—. 6

5.4

5.4

-3.0
8.4

-6.8

-3.6

-7.7

5.3
0.4
0.7
0.3

-7.4

-6.6

-8.8

-1.5

4.2

4.5

4.7

5.4

5.7

4.5
4.5

4.7
4.7

5.4
5.4

*
5.7
5.7

9
10
11

9.7

15.0
9.6
4.7

16.1

2.3
1.9
5.7
5.3

12
13
14
15

2.3
2.3
0.4
-.4

16
17
18
19

0.8

1.8

0.8

flow.
basis

9
10
11

-

Depreciation valuation adj.
Depreciation charges
- C a p . consump. allow.» NIPA

-.1
2.9
3.1

3.7
3.7

4.2
4.2

12
13
14
15

+ 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
-Gross purchases, FOF basis

11.9
13.0
2.9
4.0

18.9
13.7
3.7

13.6

16
17
18
19

R e v a l u a t i o n b y t y p e of a s s e t
Residential structures
Nonres. plant 8 equipment
Inventories

11.9
7.4

20

+ C h a n g e in t h e v a l u e
land h o l d i n g s

21

+ Other

22

= Change

23

Net

2.8
1.7

8.1

2.1

— 1.6

4.2

-1.2

4.5
— 3.1

18.9
8.3
9.5

13.6
3.6
9.2
0.7

9.7

1.1

1.6

8.0

0.1

-. 6

15.0
3.5

7.6
5.4
-3.0

16.1
4.6

10.8

11.2

0.7

0.3

of
2.4

2.0

2.2

-.9

-.1

-.3

worth

13.3

9.0

10.3

outstanding

109.1

revaluations

worth

in

3.0
3.0

-2.0 22

Capital expenditures
Net financial investment
N e t a c q . of f i n a n . a s s e t s
- N e t i n c r . in l i a b i l i t i e s

are

1.6
3.0

of

G r o s s i n v e s t m e n t of n o n f a r m
noncorporate business sector,
f r o m F l o w of F u n d s A c c o u n t s

Data

2.5

revaluations

Memo:
Net worth

7 -

1.2

20.8

R.103

6

1.2

5.5
-2.5

-

C h a n g e in t h e v a l u e
land holdings

(1) N o n c o r p o r a t e farms» nonfarm
b u s i n e s s , and u n i n c o c p o r a t e
b r o k e r s and d e a l e r s .

2
3
4
5

0.2

2.4
2.4

8.3

1

2.7

2.6

2.1

R e v a l u a t i o n b y t y p e of a s s e t
Residential structures
Nonres. plant S equipment
Inventories

23

-.4
0.7

5.4
-2.7
0.3
3.0

1.9
1.9

16
17
18
19

= Change

-1.2

5.1
-2.7

0.5

1.6

20.7

22

3.3

1.6

1.3
1.3
8.3
9.2
1.3

• Other

5.9
-3.9
—. 3
3.7

1.3

+ 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
-Gross purchases» FOF basis

20

2.8

1.9

2.2

12
13
14
15

21

(1)

flow,
basis

Depreciation valuation adj.
Depreciation charges
-Cap. consump. allow., NIPA

•

Business

in

net

billions




of

dollars.

125.2

134.2

137.6

148.0

2.2 20
*

157.5

21

3.0

22

160.5

23

M a r c h 10, 1993
F a r m and N o n c o r p o r a t e

Business

Farm
Factors

Annual

Accounting

for

Change

in

Net

and

Noncorporate

Worth

Business

69

Flows

Annual

1953

1955

1956
R.102

Farm

1957
(1)

3.6

3.4

3.1

Business

Flows

3.8

3.9

3.0
0.9

Gross
farm
Flow

i n v e s t m e n t of
business sector, from
of F u n d s A c c o u n t s

3.2

2.6

0.1

-.1

-.1
-.1

-2.2

2.6

-1.4

4.7
-.9
-.3
0.5

0.6

-3.9

-.7

+ Proprietors'

3.9

3.9

-

-.3

-.7

= Net investment
Balance Sheet
-

3.3
3.3

3.9
3.9

Depreciation valuation adj.
Depreciation charges
-Cap. consump. allow., NIPA

9
10
11

0.9
1.7
3.9
4.7

• 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

12
13
14
15

R e v a l u a t i o n b y t y p e of a s s e t
Residential structures
Nonres. plant 8 equipment
Inventories

16
17
18
19

3.9

4.7

-,6

— 1.6

-.1

0.2

1.0

3.8

1.5

-.1

-1.1

-.3

-1.6

-1.9

-1.4

3.2

9
10

0.6

1.9

3.3

3.4

3.6

3.7

3.2
3.2

11

3.7
3.7

3.8
3.8

2.4
1.4
3.6

2.7
3.8

0.6

-2.0

-. 6

— 1.4
3.3
3.9

-.9
3.4
3.2

2.6

1.4
1.4
3.7
3.8

16

-1.9

-2.0

-. 6

2.4

1.4

0.9

1.3

-.2

18
19

-1.7

20

3.8

3.6
3.6

-1.9
—. 4
3.2
4.7

17

0.4

3.4
3.4

13
14
15

12

6.0

3.9

0.6
6.0

—. 6

3.9
3.9

—. 6
-1.5
3.9
3.0

-2.1

0.2

-1.8

1.2

-.3

-.2

—. 6
-.2

0.7

0.4
0.4

- . 6

0.9
-.2
0.2
0.8

6.4

0.1

1.0

Capital expenditures
Net financial investment
N e t a c q . of f i n a n . a s s e t s
- N e t i n c r . in l i a b i l i t i e s

1.0

-1.4

0.2

21

-

22

1.9

1.2

Capital

R.103

Nonfarm

Noncorporate

171.0

• Other

6.1

6.4

7.0

7.5

7.6

7.8

2
3
4
5

5.8
0.1
0.7
0.6

6.3
-.1
0.7
0.8

7.8
-1.3
0.3
1.6

7.4
-.4
1.8
2.2

7.7
-.3
0.3
0.6

7.9
-.3
2.4
2.7

7.9
-.1
-1.6
-1.4

= Change

in

Memo:
Net w o r t h

7.6
0.4
-.1
-.5

6

-.7

-1.8

-1.4

0.2

-.3

0.6

-3.1

-3.2

7

5.9

6.1

6.4

7.0

7.5

7.6

7.8

8.0

0.2

.3

0.6

-3.1

-3.2

8

-.7

9
10
11

*

*

*

*

„

*

*

*

5.9
5.9

6.1
6.1

6.4
6.4

7.0
7.0

7.4
7.5

7.6
7.6

7.8
7.8

of

20

net

21

22

worth

noncorporate
security

outstanding

12
13
14
15

2.2
2.1
5.9
5.8

2.4
2.5
6.1
6.3

6.1
7.4
6.4
7.8

6.2
6.7
7.0
7.4

3.3
3.6
7.4
7.7

2.4
2.8
7.6
7.9

4.0
4.1
7.8
7.9

3.1
2.7
8.1
7.6

16
17
18
19

2.2
1.7

2.4
2.2
0.2

6.1
3.7
1.8
0.6

6.2
3.2
2.5
0.5

3.3
1.8
1.0
0.4

2.4
1.7
0.2
0.5

4.0
3.9
0.4
-.3

3.1
3.7
-.2
-.4

nonfarm
sector,
Accounts

1

Capital expenditures
Net financial investment
N e t a c q . of f i n a n . a s s e t s
- N e t i n c r . in l i a b i l i t i e s

2
3
4
5

•

Proprietors'

6

-

Capital

net

investment

c o n s u m p . a l l o w . ,. N I P A

= Net investment
Balance Sheet

8.1
8.0

flow,
basis

7

8

21

*
1.3

192.0

are

in

billions




of

dollars.

-

Depreciation valuation adj.
Depreciation charges
- C a p . c o n s u m p . a l l o w . ,, N I P A

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 v a l u e
Depreciation charges
- G r o s s purchases, FOF basis

12
13
14
15

R e v a l u a t i o n b y t y p e of a s s e t
Residential structures
Nonres. plant 8 equipment
Inventories

16
17
18
19

C h a n g e in t h e v a l u e
land holdings

0.4

20

Data

8

revaluations

G r o s s i n v e s t m e n t of
noncorporate business
8.0
f r o m F l o w of F u n d s

5.9

-1.4

NIPA

flow,
basis

Business

1

-1.8

investment

+ C h a n g e in t h e v a l u e
land holdings

(1) Noncorporate farms, nonfarm
b u s i n e s s , and u n i n c o c p o r a t e
b r o k e r s and d e a l e r s .

169.8

net

consump.allow.,

20

• Other

revaluations

= Change

Memo:
Net worth

in

net

worth

outstanding

of

21

M a r c h 10, 1993
F a r m and N o n c o r p o r a t e

Annual

Business

Farm
Factors

70

Accounting

for

Change

in N e t

Gross
farm
Flow

6

8

i n v e s t m e n t of
business sector, from
of F u n d s A c c o u n t s

1964

• Proprietors'
Capital

net

5.0
-1.1
0.1
1.2

1965

1967

5.3
-1.4

-1.0

4.7

6.4

5.7

3.8
0.3
0.3

-2.0
0.3
2.3

4.9
7.5

-1.0

-2.6

7.8
-2.5

1.2

0.4
3.0

3.0

0.2

flow,
basis

-1.7

-1.7

-2.9

— 1.6

-2.4

1.3

3.9

4.0

4.0

4.2

4.3

4.6

5.2

4.0
4.0

4.2
4.2

4.3
4.3

4.6
4.6

4.9
4.9

5.2
5.2

9
10
11

1.3
4.0
5.3

0.7
0.3
4.2
3.8

4.7
6.7
4.3
6.4

1.9
2.9
4.6
5.7

0.9
3.6
4.9
7.5

4.9
7.5
5.2
7.8

12
13
14
15

0.7
0.5

4.7

1.9
0.9
1.5

0.9

-.1

4.9
1.7
2.4
0.9

16
17
18
19

5.7

20

-

NIPA

1.4

21

-.6

Depreciation valuation adj.
Depreciation charges
-Cap. consump. allow., NIPA

3.9
3.9

4.0
4.0

12
13
14
15

+ 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

0.3
1.3
3.9
5.0

4.0
4.9

16
17
18
19

R e v a l u a t i o n b y t y p e of a s s e t
Residential structures
Nonres. plant 8 equipment
Inventories

0.3
0.1
0.4
-.2

C h a n g e in t h e v a l u e
land holdings

-1.8

-1.7

-

5.4

20
21

+ Other

22

= Change

1.1

0.1

0.6

0.5
0.5

-.4

net

worth

Memo:
Net w o r t h

-.7

12.0 22

176.0

Capital

net

Nonfarm

consump.allow.,

= Net i n v e s t m e n t
Balance Sheet

NIPA

flow,
basis

Noncorporate

Business

16
17
18
19

R e v a l u a t i o n b y t y p e of a s s e t
Residential structures
Nonres. plant 8 equipment
Inventories

Other

in

Memo:
Net worth

Data

are

in

net

3 .0

13.3
-3.7
0.4
4. 1

14.5
—4.2
0.9
5 .1

13.4
-2.3
0.9
3 .2

17.1
-5.1
-.7
4.4

5

- 2 .5

-2. 1

0 .3

- 4 .1

-4.1

6

8.6

9 .1

9. 6

1 0 .3

11 .1

12.0

7

-1.2

- 2 .5

-2. 1

0 .3

- 4 .1

-4.1

8

1.0

1.3

- 1 .4

-1.4

-1.2

8 .2

8.4

-1.4

11.4
-2.4

0.6

*

*

*

8 .2
8 .2

8.4
8.4

8.7
8.6

9 .1
9 .1

1
9! 6
9. 6

*

3
3
8
8

.0
.0
.2
.1

4.8
5.9
8.4
9.5

3.4
4.7
8.7
10.0

8 .2
1 0 .6
9
11 .4

8. 1
11. 9
9. 6
13. 3

3 .0
4 .0
0..3
- 1 ..3

4.8
4.8
0.6
—. 6

3.4
3.8
0.9
-1.3

8 .2
7 .9
1 .0
.8

8. 1
6. 6
1. 7
-• 3

12 .8
1 0 .6
3 .1
- .9

2.0

2.3

1 .8

2. 9

3 .9

*

*

-

*

10 .3
10 .3
12
17
10
14

.8
.0
.3
.5

11 .1
11 . 1

12.0
12.0

9
10
11

9
12
11
13

19.5
24.6
12.0
17.1

12
13
14
15

9 .9
7 .8
2 .3
- .3

19.5
14.8
4.9
-.2

16
17
18
19

4 .4

9.6

20

*

21

.9
.2
. 1
.4

worth

outstanding

billions




10.0
-1.3

of

revaluations

= Change

9.5

-1.1

-

+ 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

21

0.1

0.5
0 .5

2,.6

Depreciation valuation adj.
Depreciation charges
-Cap. consump. allow., NIPA

+ C h a n g e in t h e v a l u e
land holdings

8.1

- 1 ,,4

investment

12
13
14
15

23

1.0

v_
outstanding

+ Proprietors'

9 10
11

20

—. 6

0.6

noncorporate
security

Capital expenditures
Net financial investment
N e t a c q . of f i n a n . a s s e t s
- N e t i n c r . in l i a b i l i t i e s

7 -

8

1.1
3.3

G r o s s i n v e s t m e n t of n o n f a r m
noncorporate business sector,
f r o m F l o w of F u n d s A c c o u n t s

2
3
4
5
6

—. 4

0.2

5.0

R.103

1

0.6

of

(1) Noncorporate farms, nonfarm
b u s i n e s s , and u n i n c o c p o r a t e
b r o k e r s and d e a l e r s .

23

1.1

2.1

revaluations
in

0.6

1.0

9
10
11

•

1968

(1)

4.4
4.9

Flows

-.6

investment

consump.allow.,

= Net investment
Balance Sheet

Business

3.9

Capital expenditures
Net financial investment
N e t a c q . of f i n a n . a s s e t s
- N e t i n c r . in l i a b i l i t i e s

7 -

Business

Annual

R. 102 F a r m

2
3
4
5

Noncorporate

Flows

1963

1

and

Worth

of

274.3

dollars.

23

M a r c h 10, 199$
F a r m and N o n c o r p o r a t e

Farm

Business
Factors

Annual

Accounting

for

Change

in

Net

and

Noncorporate

Flows

Annual

1971

1972
R.102

6.1

Farm

6.5

6.6

9.4
-3.0
0.7
3.7

Business

-1.0

-.5

0.6

0.5

1.6

-1.0

1.1

-1.2

6.1

5.7

9

(1)

Gross
farm
Flow

i n v e s t m e n t of
business sector, from
of F u n d s A c c o u n t s

7.4

8.5

9.3

11.3

12.2

8.8

12.2

10.0

16.8

-1.4

-3.7

-.7
0.5

—5.6

1.0

2.3

4.5

6.6

14.3
-2.0
1.5
3.5

-1.8

-3.5

-5.0

— 7.6

-3.2

-8.2

+ Proprietors'

6.5

7.2

7.9

9.1

10.7

11.8

-

= Net investment
Balance Sheet

10
11

5.7
5.7

6.1

12

7.6
8.7
5.7

2.2

7.6
1.5
2.9
3.2

2.2
2.3

-1.0

1.7
3.2
3.2

20

4.3
-.4

0.7

5.0

1.2

11.6

21

0.8

1.0

8.1

18.7

6.1
2.7

6.1
6.6

6.8

16
17

18
19

0.8

Capital expenditures
Net financial investment
N e t a c q . of f i n a n . a s s e t s
- N e t i n c r . in l i a b i l i t i e s

Capital

21.1

Depreciation valuation adj.
Depreciation charges
- C a p . consump. allow., NIPA

9
10
11

7.9
7.9

9.1
9.1

10.7
10.7

8.1

17.6
19.2
7.2

29.0
33.3
7.9

14.1
15.0
9.1

7.2
13.3
10.7

7.4
9.9
11.8
14.3

+ 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

12
13
14
15

17.6
2.7
4.9

29.0

14.1
3.1
11.9
-.9

7.2

7.4
3.0
6.9
-2.5

R e v a l u a t i o n b y t y p e of a s s e t
Residential structures
Nonres. plant & equipment
Inventories

16
17
18
19

C h a n g e in the v a l u e
land h o l d i n g s

20

11.1
6.5
9.4

12.2

8.8

2.8
5.0

21.2

10.0

10.0

16.8
2.6
6.7

•
44.4
*
48.9

71.7
*
71.3

468.7

Nonfarm

Noncorporate

540.0

+ Other

of

21

revaluations

= Change

in

net

Memo:
Net worth

22

worth

noncorporate
security

outstanding

Business

G r o s s i n v e s t m e n t of
noncorporate business
27.8
f r o m F l o w of F u n d s

15.7

17.4

19.3

22.2

25.6

24.9
-9.2
7.2
16.4

30.8
-13.4
6.5
19.9

35.2
-15.9

30.3

-8.0

23.8

22.1

4.9
12.9

0.1

27.3
0.6
8.8
8.2

1.8

-6.7

— 6.5

-5.8

-14.1

5.3

-28.4

-19.3

-18.0

13.2

14.3

15.7

17.4

19.3

22.2

25.6

27.8

6.2

1.9

-18.0
9
10

8

-

-6.8
1.3

flow,
basis

6
7

11.8
11.8

-7.8
1.5
9.3

8.1

NIPA

7.2
7.2

R.103

21.0

investment

1
2
3
4
5

6.5
6.5

248 .T

14.3

net

consump.allow.,

(1) Noncorporate farms, nonfarm
b u s i n e s s , and u n i n c o c p o r a t e
b r o k e r s and d e a l e r s .

13.2

Flows

1973

-7.7

6.8

13
14
15

Business

71

Worth

nonfarm
sector,
Accounts

Capital expenditures
Net financial investment
N e t a c q . of f i n a n . a s s e t s
- N e t i n c r . in l i a b i l i t i e s
+ Proprietors'
-

Capital

net

investment

consump.allow.,

= Net investment
Balance Sheet

NIPA

flow,
basis

1
2
3
4
5
6
7

8

13.2
13.2

14.3
14.3

15.7
15.7

17.4
17.4

19.3
19.3

22.2

25.6
25.6

*
27.8
27.8

12

18.1

13
14
15

25.9
13.2

14.4
21.3
14.3

37.6
51.0
17.4
30.8

40.3
56.2
19.3
35.2

50.3
58.4

21.1

25.8
35.0
15.7
24.9

40.8
39.0
25.6
23.8

45.0
44.5
27.8
27.3

+ 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

12
13
14
IB

18.1

14.4

25.8

40.8
27.5
15.0

45.0
33.7

12.0

R e v a l u a t i o n b y t y p e of a s s e t
Residential structures
Nonres. plant 8 equipment
Inventories

16

6.0

40.3
27.3
11.3
1.7

50.3

13.0
5.2

37.6
28.3
7.9
1.4

C h a n g e in the v a l u e
land holdings

11

21.0

16
17

18

8.0

16.6

22.2

22.2
30.3

28.8

0.5

7.3
1.9

20

7.7

9.8

21.0

21.2

21

1.9

—. 6

-7.8

-

-.2

19

17.6

29.2

58.7

20.7
0.9

— 1.6

—. 6

48.3

564.9

Data

are

in

billions




of

dollars.

-

Depreciation valuation adj.
Depreciation charges
-Cap. consump. allow., NIPA

9
10
11

+ Other

revaluations

= Change

Memo:
Net worth

in

net

worth

outstanding

of

20
21

22

M a r c h 10, 1993
F a r m and N o n c o r p o r a t e

Annual

Busines

Farm
Factors

72

Accounting

for

Change

in

6

Noncorporate

Gross
farm
Flow

Business

Annual

R.102

i n v e s t m e n t of
business sector,
of F u n d s A c c o u n t s

+ Proprietors'

net

7 -

Capital

8

Net investment
Balance Sheet

Business

1981

flow.
basis

15..8

17 .9

2 0 ,.0

21,.8

2 3 ..4

2 1 ..0
- 5 ..2
2..1
7..2

2 4 .7
- 6 ..8
2 .1
8,.9

13..7
6 .3
1 .9
- 4 ,.3

l
27 t
- 5 .3
.9
7 .2

19.,6
3. 8
1. 9
- 1 ..9

-1
25
1
-24

- 5 ..0

NIPA

Flows

CI)

13..5

investment

consump.allow..

1980
Farm

2 2 ..5
- 9 ..0
1..8
10..8

Capital expenditures
Net f i n a n c i a l i n v e s t m e n t
N e t a c q . of f i n a n . a s s e t s
- N e t i n c r . in l i a b i l i t i e s

2
3
4
5

and

Worth

Flows

1979

1

Net

- 1 0 .,4

- 1 7 ..0

- 2 0 .. 6

- 9 ,.5

13..2

14.,9

17..0

19..5

2 1 ..6

2 3 .9

24,.0

.9
.8
.4
.4

19,.5
4,.5
0,.3
- 4 ..2

- 9 .,6

- 2 7 .8

- 2 ,.2

22. 9

2 3 ,.3

2 3 ..4

- 4 ..7

- 9 ..5

- 1 6 ..1

- 2 0 ..1

- 9 ..3

-9. 1

- 2 7 ,.2

- 1 .,5

Depreciation valuation adj.
Depreciation charges
- C a p . consump. allow.» NIPA

13.,2
13.,2

14..9
14..9

17,.0
17..0

19..5
19..5

2 1 ..6
2 1 ,.6

22. 9
22, 9

2 3 ..3
2 3 ,.3

2 3 .,4
2 3 ..4

12
13
14
15

+ 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
-Gross purchases, FOF basis

11.,6
2 0 .,9
13..2
,5

3 2 .,4
3 8 .,5
14..9
2 1 .,0

2 3 ,.4
31,.1
17,.0
2 4 ,.7

3 5 ..6
2 9 ..8
19..5
13..7

6..5
12..0
2 1 ..6
2 7 ..1

8.
4.
22.
19.

0
7
9
6

2 3 ,.9
- 1 ..3
2 3 ,.3
- 1 ..9

- 1 .,3
- 5 .,1
23. 4
19. 5

16
17
18
19

R e v a l u a t i o n b y t y p e of a s s e t
Residential structures
Nonres. plant 8 equipment
Inventories

11.,6
4 .,4
8. 8
-1. 5

3 2 .,4
5..3
11. 6
15.,5

2 3 ,.4
5,.5
15..6
2..2

3 5 ..6
5..2
17.,3
13..1

6..5
3..7
15,.1
- 1 2 ..3

8. 0
1. 8
9. 7
-3. 6

2 3 ..9
1..5
7,.4
15..0

- 1 .,3
1.,6
5..1
- 8 ..0

45. 6

85. 5

9 7 .,0

6 8 ..1

- 8 ..4

-36. 2

8 ..4

- 9 6 ..9

5..1

- 9 9 ..7

9 10
11

20

+ C h a n g e in the v a l u e
land h o l d i n g s

21

* Other

22

= Change

of

revaluations
in

net

"

worth

5 2 ..6

CI) Noncorporate farms, nonfarm
b u s i n e s s , and u n i n c o c p o r a t e
b r o k e r s and d e a l e r s .

23

Memo:
Net worth

1 0 8 .,4

1 0 4 ..3

outstanding

-37. 3

592.5

Capital expenditures
Net financial investment
N e t a c q . of f i n a n . a;s s e t s
- N e t i n c r . in l i a b i l i t i e s
* Proprietors*

7 -

8

- 1 1 ..1

Nonfarm

Noncorporate

Business

G r o s s i n v e s t m e n t of n o n f a r m
noncorporate business sector,
f r o m F l o w of F u n d s A c c o u n t s

2
3
4
5
6

8 3 ..6

noncorporate
security

R.103

1

0.,1

*

Capital

net

.8
.9
.4
.3

47
-12
20
32

.5
.1
.7
.8

60
-18
21
40

.3
.6
.7
.2

63
-14
8
23

flow,
basis

- 3 7 .5

- 7 4 ,.6

- 6 2 .2

-82.5

6

4 8 .7

5 6 .7

63,.1

6 5 .2

68.4

7

- 2 1 ,.7

— 3 6 .6

- 4 2 .1

- 3 7 .5

— 74..6

- 6 2 .2

-82.5

8

*

8 7 ..5
9 9 ..5
3 5 ..4
4 7 ..5

121,.5
140,.0
41 ,
.8
60..3

124
139
48
63

16
17
18
19

R e v a l u a t i o n b y t y p e of a s s e t
Residential structures
Nonres. plant 8 equipment
Inventories

68,.4
51 .
.0
17,.1
0,.2

8 7 .,5
6 2 ..9
2 3 ..1
1.,5

2 3 ,.8

3 7 .,9

23

Memo:
Net worth

Data

are

in

76,,2

outstanding




of

4 8 .7
4 8 .7

5 6 ..7
5 6 ,.7

6 3 ..2
6 3 ..1

6 5 .2
6 5 .2

68.4
68.4

9
10
11

.9
.6
.7
.4

109,.2
125,.4
5 6 ,.7
73,.0

4 5 ..7
5 2 ..0
6 3 ..2
6 9 .,5

36
41
65
70

50.3
70.0
68.4
88.2

12
13
14
15

121,.5
90,.8
28,.4
2,.3

1 2 4 .9
9 0 .2
3 4 .7
-<.1

109,.2
76,.9
33,.5
- 1 ,.3

4 5 ..7
3 0 ..6
14..6

36..1
31..7
4 .7

50.3
41.1
9.3

16
17
18
19

5 2 ,.9

7 2 .1

5 1 ,.3

6 3 ..4

67..7

91.3

20

.1

0,.3

worth

billions

n

- 1 , .1

4 0 ,.3

0. 5

0..5

0.4

21

1 3 7 ..7

1 5 3 ..8

1 6 3 ..3

3 4 ..9

4 2 ..2

59.5

22

0.,4

.1
.3
.2
.4

.2

-.1

of

revaluations
net

2
3
4
5

- 4 2 .1

68,.4
73,.3
30,.9
35,.8

in

88.2
-19.8
48.0
67.7

4 1 .8

+ R e v a l . of p h y s i c a l a s s ;?ts
C h a n g e in v a l u e
Depreciation charges
-Gross purchases, FOF basis

= Change

.4
.1
.8
.9

- 3 6 .6

12
13
14
15

22

70
-5
32
37

3 5 .4

4 1 .8
4 1 .8

+ Other

6 9 .5
- 6 .4
5..6
12..0

- 2 1 .7

35..4
35..4

21

.0
.3
.4
.6

3 0 .9

3 0 .9
3 0 .9

20

73
-16
4
20

- 1 6 .3

Depreciation valuation adj.
Depreciation charges
- C a p . c o n s u m p . a l l o w . ,, N I P A

+ C h a n g e in t h e v a l u e
land holdings

.4
.7
.9
.6

- 1 6 .3

c o n s u m p . a l l o w . ,, N I P A

= Net investment
Balance Sheet

9 10
11

investment

35
-4
16
21

dollars.

1 0 3 .,6

M a r c h 10, 1993
F a r m and N o n c o r p o r a t e

Farm

Business
Factors

Annual

Accounting

for

Change

in Net

and

Noncorporate

Annual

Flows

R.102

Farm

Business

Gross
farm
Flow

i n v e s t m e n t of
business sector, from
of F u n d s A c c o u n t s

23.3

23.1

23.1

23.9

23.9

22.2

17.7

9.3
14.0
4.3
-9.7

6.7
16.4

21.2

1.9

16.8

-14.5

3.3
-17.9

18.7
5.2
3.4

13.7
8.5

3.6
-2.5

-4.9

-1.8

-8.5

13.9

11.2

-3.4

-15.4

-3.4

-3.0

-10.2

23.0

22.7

22.2

21.8

22.0

21.7

21.5

-

-9.5

= Net investment
Balance Sheet

6.1

23.0
23.0

16
17
18
19

4.3
-9.1
22.7
9.3

-4.0
1.7
4.3

12
13
14
15

22.7
22.7

-4.0
-9.3
23.0
17.7

11

4.3
2.4

-10.1

6.6

-4.7

1.8

22.2
14.8

7.1

2.1

21 .8
21.8
20.4

22.2

-.6
22.2

22.1

22.0
9.5
4.3

0.6

21 .8

22.1

6.7

1.9

16.8

14.8
3.0
5.0

20.4
-.3
4.9
15.8

9.5
2.5
7.6

6.8

-.6

0.1

21.8
21.7

2.8
-.3

21.8
18.7

2.8
2.2

5.4
-4.8

20

-46.7

42.6

6.5

21

0.6

0.5

22

-30.0

55.4

9.8

Capital expenditures
Net financial investment
N e t a c q . of f i n a n . a s s e t s
- N e t i n c r . in l i a b i l i t i e s
• Proprietors'
Capital

Depreciation valuation adj.
Depreciation charges
-Cap. consump. allow., NIPA

9
10
11

2.

7.2
-.4
21.3
13.7

+ 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

12
13
14
15

7.2
3.1
2.4
1.7

R e v a l u a t i o n b y t y p e of a s s e t
Residential structures
Nonres. plant 8 equipment
Inventories

16
17
18
19

-7.

21.
11.

2.
3.
3.
-4.

9

-.3

+ C h a n g e in t h e v a l u e
land h o l d i n g s
+ Other

-9. 4

-2.3

= Change

in

net

Memo:
Net worth

outstanding

Business

81.5

87.2

94.6

98.8

101.7

G r o s s i n v e s t m e n t of
noncorporate business
102.6
f r o m F l o w of F u n d s

2
3
4
5

96.8
-24.2
39.8
63.9

97.8

-16.8

101.8

105.7

97.0

-20.8

98.3

14.1
30.9

-14.6
40.6
55.2

-11.1

39.1
59.8

27.4
38.5

10.4

76.6
25.1
9.8
-15.3

82.8
19.8
1.3
-18.5

6

-83.0

-51.0

-51.1

-22.5

-33.0

-31.1

-2.2

7

72.7

77.1

81.5

87.2

94.6

98.8

101.7

8

-83.0

1.8

8.6

-1.1

87.2
87.2

-2.3
96.5
98.8

100.8

47.6

81 .2

65.9
66.4
96.5
97.0

100.8

65.9
46.6

52.6
41.8

0.4

0.7

72.7
72.7

77.1
77.1

81.5
81.5

12
13
14
15

64.2
88.4
72.7
96.8

64.9
85.7
77.1
97.8

82.7
99.5
81.5
98.3

101.8

93.6
93.2
105.7

16
17
18
19

64.2
51.5
11.4
1.3

64.9
52.6
14.1
-1.7

82.7

47.6

81.2

14.7

26.9

57.9
21.3

20

108.5

72.8

43.6

71.5

76.6

-118.4

21

-.2

1.0

9.4

-6.5

-.9

-.2

22

89.5

87.7

84.6

90.0

125.3

-81.5

23

1425.7

2.0

-1.0

-1.4
93.2
94.6

9
10
11

18.8

2.0

2.0

18.8

101.7
52.6
28.5
76.6

10.1

• Proprietors'

are

in

billions




Capital

1.7 104.3
102.6

dollars.

investment
NIPA

flow,
basis

1
2
3
4
5
6
7

8

Depreciation valuation adj.
Depreciation charges
-Cap. consump. allow., NIPA

9
10
11

47.9
26.4
104.3
82.8

• 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
-Gross purchases, FOF basis

12
13
14
15

47.9
36.6
10.7
0.6

R e v a l u a t i o n b y t y p e of a s s e t
Residential structures
Nonres. plant 8 equipment
Inventories

16
17
18
19

C h a n g e in t h e v a l u e
land h o l d i n g s

20

-145.5
*
-100.3

• Other

revaluations

= Change

1555.4 Net

of

net

consump.allow.,

= Net investment
Balance Sheet

•

Data

nonfarm
sector,
Accounts

Capital expenditures
Net financial investment
N e t a c q . of f i n a n . a s s e t s
- N e t i n c r . in l i a b i l i t i e s

102.6 -

-1.1

66.0

21
22

noncorporate
security

77.1

62.2

20

worth

72.7

87.2

of

revaluations

1

*

NIPA

flow,
basis

-

756.8

Noncorporate

investment

-.2
21.3
21.5

21.
21.

CI) N o n c o r p o r a t e farms, nonfarm
b u s i n e s s , and u n i n c o c p o r a t e
b r o k e r s and d e a l e r s .

Nonfarm

net

consump.allow.,

0.

1.3

R.103

Flows

(1)

23.9

9
10

Business

73

Worth

worth

in

net

worth

outstanding

of

21

22

M a r c h 10, 1993
Nonfinancial Corporate

Business

Nonfinancial Co

74
Annual

Factors

Accounting

G r o s s i n v e s t m e n t of
corporate business
f r o m F l o w of F u n d s

1946

nonfinancial
sector,
Accounts

6 + Corporate equity
7 - Min. rights from

11 12
13
14
15
16
17

1948
Corporate

1949
Business,

Excluding

1950

1951

1952

Farms

25.1

25.2

30.7

21.8

1

22.9
2.2
3.5
1.3

33.2
-8.0
16.3
24.4

40.0
-9.2
7.3
16.6

25.3
-3.4
4.5
8.0

2
3
4
5

1.1

1.0

1.2

1.3

2.1

2.3

6
7

9.0
-5.9

10.4
-2.2

11.2
1.9

12.0
-5.0

13.8
-1.2

14.8
1.0

8
9

5.8

Depreciation valuation adj.
Depreciation charges
- C a p . consump. allow., NIPA

23.7
28.9
-5.2
4.9
10.1

7.4
-5.3

flow,
basis

19.0
24.7
-5.7
8.3
14.0

1.0

issues
U.S. govt.

17.0

16.4

13.3

19.4

20.2

8.3

10
11
12
13
14
15
16
17

7.4
7.4

10.4
10.4

11.2
11.2

12.0
12.0

13.8
13.8

6.6
28.3
9.0
30.6

-.5
20.1
10.4
31.0

-6.8
3.1
11.2
21.0

1.0
27.1
12.0
38.2

-.4
26.9
13.8
41.2

3.7
13.1
14.8
24.3

14.2
—. 3
13.7
0.9

R e v a l u a t i o n b y t y p e of a s s e t
Residential structures
Nonres. plant 8 equipment
Inventories (1)

9.0
9.0

*
14.8
14.8

14.2
30.9
7.4
24.0

+ 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 (1)

18
19
20
21

1947
1 onfinancial
N

Flows

6.9

Capital consump.allow., NIPA
Inventory valuation adj.

= Net investment
Balance Sheet

10

Worth

18.8
-11.8
-1.4
10.5

Capital expenditures
Net financial investment
N e t a c q . of f i n a n . a s s e t s
- N e t i n c r . in l i a b i l i t i e s

8 9 -

in N e t

Annual

R.104

2
3
4
5

Change

Flows

1945

1

for

6.6
-.2
7.2
-.4

-.5
-.3
-1.4
1 .2

-6.8
-5.2
-1.5

1.0
-1.0
0.2
1.7

-.2
-.2

-.4

3 . 7 18
- . 4 19
4.0 20
0.1 21

+ C h a n g e in the v a l u e
land h o l d i n g s

of

22

8.0

7.4

0.7

0.7

4.4

4.2

1.3

23
24
25

+ R e v a l . of f g n . d i r .
C h a n g e in v a l u e
-Direct investment

invest.

-.2

(2)

0.2

0.4
1.1
0.7

0.5
1 .2
0.7

0.4
1.0
0.6

0.5
1.1
0.6

0.7
1.1
0.5

0.9 23
1.7 2 4
0.8 25

26
27
28

-

in

0.1
0.1

0.1
0.2

0.1
0.1

0.4
0.4
0.1

0.2
0.3
0.1

0.1
0.2
0.1

26
27
28

29

+ Other

30

= Change

31

Net

R e v a l . of d i r . inv.
C h a n g e in v a l u e
-Direct investment

•
33
34
35
36

37

0.2

0.4

0.4

0.3

0.3

0.1

29

28.0

31.6

17.5

8.0

25.2

24.8

14.1

30

outstanding

163.7

195.3

212.8

220.8

246.0

270.7

284.9

31

5.8

17.0

16.4

13.3

19.4

20.2

8.3

32

-.2
18.5
5.3
24.0

-6.1
18.8
5.7
30.6

-7.1
17.4
6.5
31.0

— 6.4
7.4
7.3
21.0

-8.7
21.4
8.1
38.2

-8.5
23.7
9.0
41.2

net

and

net

investment

worth

historical

cost

V a l u a t i o n a d j u s t m e n t on
physical assets (3)
C h a n g e in v a l u e
Depreciation charges
- G r o s s purchases (1)

43

+ Other

44

invest.
in

U.S.

revaluations
in

net

worth

—. 3

0.2

0.2

-3.9
6.5
10.4

-3.9
7.3
11.2

-3.9
8.1
12.0

-4.9
9.0
13.8

-.2

0.4

0.5

0.4

0.5

0.7

0.9

»

0.1

0.1

0.1

0.4

0.2

0.1

42

0.2

0.5

0.4

0.3

0.2

0.1

43

15.9

13.7

11.2

15.3

17.6

14.8

44

106.0

dir.
inv.

-.4

-3.2
5.7
9.0

8.0

fgn.
dir.

1.3

-2.1
5.3
7.4

0.2

of

= Change

0 . 7 33
15.0 34
9.9 35
2 4 . 3 36

0.4

of

Reval.

basis i

of

Depreciation valuation adj.
Depreciation charges
- C a p . consump. allow., NIPA

• Reval.

42 -

on

flow

+ C h a n g e in t h e v a l u e
land h o l d i n g s

38 39
40
41

0.1

worth

in

worth

= Net

*

(2)

revaluations

Tangibles
32

U.S.

22

121.9

135.6

146.9

162.1

179.7

0.1

37

- 4 . 9 38
9.9 39
14.8 40
41

(1) Before inventory valuation adjustment.
(2) E x c l u d e s capital gains.
( 3 ) E f f e c t o f d i f f e r e n t t r e a t m e n t of c e r t a i n
i t e m s in B E A c a p i t a l a c c o u n t s from the
t h e N I P A a c c o u n t s in t h e c a l c u l a t i o n of
h i s t o r i c a l - c o s t investment flows; also
r e f l e c t s a d j u s t m e n t s for i n t e r s e c t o r a l
t r a n s f e r s of a s s e t s .

45

Memo:
Net worth

Data

are

in

outstanding

billions




of

dollars.

194.4 45

M a r c h 10, 1993
Nonfinancial Corporate

Business

Nonfinancial
Factors

Annual

Accounting

for

Change

in

Net

75

Flows

Annual

1953

1954
R.104

1955
Nonfinancial

1956
Corporate

1957
Business,

1958
Excluding

21.7

2 2 .3

2 5 .8

2
3
4
5

26.1
-4.4
2.2
6.7

2 3 .0
.8
4 .8
5 .6

32
-6
16
23

6
7

1.8

1 .6

8
9

15.8
-1.0

16 .7
.3

1 7 .8
- 1 .8

2 0 .0
- 2 .7

2 2 .0
- 1 .5

2 3 .0
- .3

10

8.6

7 .4

11 .5

9 .7

9 .5

5 .7

11
12
13

*
15.8
15.8

*
16 .7
16 .7

*
17 .8
17 .8

*
2 0 .0
2 0 .0

K
.0
2 2 .0

2 3 .0
2 3 .0

14
15
16
17

1.8
13.0
15.8
27.1

1
8
16
23

10
27
17
34

16
35
20
39

.0
.7
.0
.7

6 .6
2 1 .8
.0
3 7 .2

1
6
23
28

18
19
20
21

1.8
-.1
2.1
-.2

1 .5
.6
1 .8
0 .3

1 0 .5
.3
10 .0
0 .8

16
0
15
0

.0
.2
.2
.6

22

1.9

0 . 1

4 .7

23
24
25

0.8
1.5
0.7

0 .7
1 .3
0 .6

26
27
28

0.2
0.3
0.1

0 .2
0 .2
0.\L

29

-.1

0,•1

0 .3

30

12.8

9 .7

2 7 ,.7

31

297.6

3 0 7 ,.4

32

8.6

7..4

.6
.8
.4
.3

1 .7

2 4 .8
37
-12
3
16

.0
.2
.9
. 1

2 .3

2 7 .6

2 6 .5

35
-8
4
12

28
-1
10
12

.7
.2
.1
.3

2 .4

1959

1960

.0
.5
.7
.2

2 .0

G r o s s i n v e s t m e n t of n o n f i n a n c i a l
corporate business sector,
f r o m F l o w of F u n d s A c c o u n t s

31 .8
37
-6
14
20

27.7

.8
.0
. 1
.0

37.7
-10.0
3.8
13.8

2 .1

-

.5
. 1
.8
.4

1 0 .1

24 . 1
24 . 1

1 .2
.3
2 .0
.5

4
0
3
0

6
7
8
9

3 .9

2 .0

0 .5

2.0

+ C h a n g e in the v a l u e
land h o l d i n g s

0 .9
1 .7
0 .7

1,
.2
3,.0
.9
1,

0 .4
2 .8
2 .3

0 .8
1 .9
1. 1

1 .0
2 .3
1 .3

-.9
1.9
2.8

+ R e v a l . of f g n . d i r .
C h a n g e in v a l u e
-Direct investment

invest.

0 .2
0 .3
0 . 1

0..2
0..4
0..2

0 . 1
0 .3
0 . 1

0 .2
0 .3
0 . 1

0 .2
0 .4
0 .2

*
0.2
0.2

R e v a l . of d i r . i n v .
C h a n g e in v a l u e
-Direct investment

11
12
13

of

7 .1

3 3 5 ,. 1

.5
11 .

.3
-1 .
19,.9
13.. 1
3 4 ..4

37

0.2

0.,2

0.,4

38
39
40

-4.9
11.0
15.8

- 4 .,7
12., 1
16..7

- 4 ..7
13., 1
17.,8

41

0.8

0.,7

42

0.2

0.,2
--,2

• 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 (1)

6 .6
0. 1
7 .0
.5

.5
10..7
12.. 1
2 3 .,3

12.. 1

25.1
25.1

1
2
3
4
5

10

Depreciation valuation adj.
Depreciation charges
- C a p . consump. allow., NIPA

4
18
24
38

0.3
16.4
11.0
27. 1

- .6

flow,
basis

.2
.5
.0
.3

33
34
35
36

14.0

issues
U.S. govt.

Capital consump.allow., NIPA
Inventory valuation adj.
Net investment
Balance Sheet

4.2

# ft

0,.2

.0
.0
.1
.1

-1.5
11.3
25.1
37.9

.0
. 1
.7
.2

-1.5
0.1
-1.8
0.2

0,.3

0,.3

- .2

34,. 1

2 0 ,.7

9 .9

15 .2

3.8

3 6 9 .. 1

3 8 9 ,.8

3 9 9 ..7

4 1 5 .0

418.8

9..5

5..7

Tangibles

44

25.1 — •2-

2 4 .1
- •3

*

Capital expenditures
Net f i n a n c i a l i n v e s t m e n t
N e t a c q . of f i n a n . a s s e t s
- N e t i n c r . in l i a b i l i t i e s
+ Corporate equity
Min. rights from

1.4

-

.5
. 1
.7
.3

Flows

Farms

1

43

Business

Corporate

Worth

9.,7

10.. 1

*

and

net

R e v a l u a t i o n b y t y p e of a s s e t
Residential structures
Nonres. plant & equipment
Inventories (1)

+ Other

Memo:
Net w o r t h

worth

4.2 = Net

.0
-1 .
2 0 ,,6
15.,6
3 7 ..2

- 1 ..3
10,.3
16..8
2 8 ,-3

0. 4

0.,3

0..6

0,.4

0.4

-5. 7
14..3
2 0 ..0

- 6 .,4
15..6
2 2 .,0

- 6 .,3
16,.8
2 3 ..0

- 6 ..3
17,.8
2 4 ,.1

-6.1
19.0
25.1

0. 9

1 .
2

0.,4

0..8

1 .0
,

-.9

0.,2

0..2

0..1

0.,2

0..2

*

1., 1

0..3

17.. 1

16. 5

*
15.,6

on

(2)
in

U.S.

(2)

net

2.,2

0..2

0.2

14..2

18..3

10.0

23
24
25
26
27
28
29

worth

30

outstanding

31

historical

investment

cost

basis:

flow

32

+ V a l u a t i o n a d j u s t m e n t on
*
p h y s i c a l assets (3)
18.9
C h a n g e in v a l u e
19.0
Depreciation charges
37.9
- G r o s s p u r c h a s e s (1)

.6
.8
24 .
.3
14 .
3 9 ..7

0,.5
2 0 ..7
17..8
38 . 1

in

18
19
20
21

22

revaluations

= Change

14
15
16
17

+ C h a n g e in t h e v a l u e
land h o l d i n g s

33
34
35
36

of
37

D e p r e c i a t i o n valuation adj.
Depreciation charges
- C a p . consump. allow., NIPA

38
39
40

+ Reval.

of

fgn.

dir.

invest.

41

Reval.

of

dir.

inv.

in

42

-

Other

U.S.

revaluations

= Change

in

net

worth

43
44

(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 .
(2) Excludes capital gains.
( 3 ) E f f e c t of d i f f e r e n t t r e a t m e n t of c e r t a i n
i t e m s in B E A c a p i t a l a c c o u n t s f r o m t h e
t h e N I P A a c c o u n t s in t h e c a l c u l a t i o n of
historical-cost investment flows; also
r e f l e c t s a d j u s t m e n t s for i n t e r s e c t o r a l
t r a n s f e r s of a s s e t s .

45

Data

208.4

are

220. 4

in

of

billions




dollars.

2 3 7 ..5

254. 0

269. 6

2 8 3 .,7

3 0 2 ..1

312.1

Memo:
Net worth

outstanding

45

M a r c h 10, 1993
Nonfinancial Corporate

Nonfinancial

Business
Factors

76 o w s
Fl

Accounting

for

Change

in

Net

Corporate

Annual

Annual

R.104

G r o s s i n v e s t m e n t of
corporate business
f r o m F l o w of F u n d s

2
3
4
5

8 9 -

11 12
13
14
15
16
17

23
24
25

+ R e v a l . of f g n . d i r .
C h a n g e in v a l u e
-Direct investment
R e v a l . of d i r . i n v .
C h a n g e in v a l u e
-Direct investment

+ Other

1967

1968

Excluding

37.6

41.5

48.1

54.7

56.3

59.0

1

60.8
-12.8
21.6
34.4

74.5
-19.8
16.5
36.3

71.2
-14.9
16.2
31.1

76.8
-17.8
30.5
48.3

2
3
4
5

1.3

2.4

-. 2
1.3

6
7

36.5
-4.4
14.1
18.5

42.2
—
12.3
17.9

44.4
-6.8
15.5
22.3

49.8
-8.3
14.7
23.0

2.1

0.4

-.3

1.1

25.8
0.3

26.8

27.9
0.1

29.3
-.5

31.3
-1.2

34.1
-2.1

37.3
-1.6

41.1
-3.7

8
9

10.2

9.2

13.8

18.0

24.0

22.9

20.0

10
11
12
13

56
«

*

25.8
25.8

26.7
26.8

27.9
27.9

29.3
29.3

31.3
31.3

34.1
34.1

37.3
37.3

•
41.1
41.1

1.0
16.5
26.7
42.2

2.1
18.5
27.9
44.3

5.0
25.9
29.3
50.3

7.4
38.1
31.3
62.1

15.0
57.5
34.1
76.6

12.5
47.9
37.3
72.7

25.0
63.1
41.1
79.2

14
15
16
17

-.4
0.1
-1.1
0.7

1.0
0.1
0.6
0.3

2.1
0.7
1.4

5.0
0.2
3.6
1.2

7.4
0.1
6.9
0.3

15.0
0.4
12.3
2.3

12.5
0.3
12.4

25.0
0.8
22.4
1.9

18
19
20
21

3.6

R e v a l u a t i o n b y t y p e of a s s e t
Residential structures
Nonres. plant 8 equipment
Inventories (1)
+ C h a n g e in the v a l u e
land h o l d i n g s

Business ,

-.4
10.1
25.8
36.2

+ 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 (1)

26 27
28
29

flow,
basis

Depreciation valuation adj.
Depreciation charges
-Cap. consump. allow., NIPA

18
19
20
21

22

issues
U.S. govt.

Capital consump.allow., NIPA
Inventory valuation adj.

= Net i n v e s t m e n t
Balance Sheet

36.6

32.1

Corporate

Flows

8.2

Capital expenditures
Net f i n a n c i a l i n v e s t m e n t
N e t a c q . of f i n a n . a s s e t s
- N e t i n c r . in l i a b i l i t i e s

6 + Corporate equity
7 - Min. rights from

10

nonfinancial
sector,
Accounts

Nonfinancial

1966

1965

1964

1963

1962

1961

1

Business

Worth

2.9

3.1

4.6

6.4

6.4

6.8

10.0

22
23
24
25

of

-.3
2.4
2.7

3.3
3.3

3.6
3.6

5.9
10.5
4.6

-1.8
2.8
4.6

1.8
5.9
4.1

0.3
0.3

0.2
0.2

0.3
0.3

0.4
0.5

0.4
0.4

0.1
0.8
0.7

*
0.8
0.8

26
27
28

-.2

(2)

0.2
2.7
2.5

0.3
0.3

invest.

2.8
5.6
2.8

»

*

0.2

"

»

0.1

0.8

29
30

U.S.

in
(2)

revaluations
worth

11.4

13.9

14.5

23.6

37.6

43.5

44.0

58.6

Memo:
Net w o r t h

outstanding

430.2

444.1

458.5

482.1

519.7

563.3

607.2

665.8

31

Tangibles

and

8.2

10.2

9.2

13.8

18.0

24.0

22.9

20.0

32

1.0
17.0
20.2
36.2

0.5
21.3
21.4
42.2

1.4
22.9
22.8
44.3

1.1
27.1
24.3
50.3

0.7
36.6
26.2
62.1

0.5
48.7
28.4
76.6

0.9
42.8
30.9
72.7

*
45.8
33.4
79.2

33
34
35
36

30

= Change

31

in

net

net

on

= Net

33
34
35
36

historical

+ V a l u a t i o n a d j u s t m e n t on
p h y s i c a l assets (3)
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)
•

37
38 39
40
41

investment

worth

32

C h a n g e in t h e v a l u e
land h o l d i n g s

of

Reval.

43

• Other

44

of

= Chanye

fgn.

dir.

dir.

inv.

net

basis:

1.1

invest.

0.9

1.2

1.1

2.0

2.0

1.9

1.1

37

-5.6
20.2
25.8

-5.3
21.4
26.8

-5.1
22.8
27.9

-5.0
24.3
29.3

-5.1
26.2
31.3

-5.7
28.4
34.1

-6.4
30.9
37.3

-7.8
33.4
41.1

38
39
40

0.2

-.3

5.9

-1.8

1.8

2.8

41

0.1

k

42

»

"

worth

*

-

"

"

"

0.6

U.S.

«

0.2

0.5

-.2

4.0

0.3

-1.0

2.4

43

16.6

in

revaluations
in

cost

of

Depreciation valuation adj.
Depreciation charges
-Cap. consump. allow., NIPA

+ Reval.

42 -

flow

16.9

17.4

20.8

35.7

30.7

32.9

34.0

44

345.6

363.0

383.8

419.5

450.2

483.1

517.0

45

CI) Before inventory valuation adjustment.
(2) Excludes capital gains.
C 3 ) E f f e c t of d i f f e r e n t t r e a t m e n t of c e r t a i n
i t e m s in B E A c a p i t a l a c c o u n t s f r o m t h e
t h e N I P A a c c o u n t s in t h e c a l c u l a t i o n of
historical-cost investment flows; also
r e f l e c t s a d j u s t m e n t s for i n t e r s e c t o r a l
t r a n s f e r s of a s s e t s .

45

Memo:
Net worth

Data

are

in

328.7

outstanding

billions




of

dollars.

M a r c h 10, 1993
Nonfinancial Corporate

Business

N o n f i n a n c i al
Factors

Annual

Accounting

for

Change

in

Net

Corporate

Worth

Business

77

Flows

Annual

1969

1970
R.104

1971
Nonfinancial

1

61.2

5 7 ..7

2
3
4
5

85.5
-24.3
31.3
55.6

8 2 ..0
- 2 4 .,3
1 8 .,3
42. 5

6
7

3.4

5 .,7
0.,3

11 .4
0,.7

8
9

45.0
-5.9

4 9 .,4
- 6 .,6

10

25.4

11
12
13

6 9 .7

1972
Corporate

7 8 .9

1973
Business,

1974
Excluding

6 9 .1

Flows

1975

Farms

G r o s s i n v e s t m e n t of n o n f i n a n c i a l
corporate business sector,
f r o m F l o w of F u n d s A c c o u n t s

9 7 .2

1 2 7 .1

142.4

.2
.1
.8
.0

1 4 3 .7
— 4 6 ,.5
5 1 ..3
9 7 .9

1 1 7 .4
9 .7
3 9 .7
3 0 ,.0

158.8
-16.4
51.7
68.1

10..9
0..9

7 .9
3,.2

4,.1
6,.5

9,.9
1..3

10.5
4.0

5 4 ,.2
- 4 .6

6 0 .5
- 6 ..6

6 5 .6
- 2 0 .1

7 6 .8
- 3 9 .5

9 2 ..2
- 1 1 .0

102.5
-14.9

2 0 ..3

3 0 .8

3 5 .0

2 8 .3

5 7 ,.4

5 4 ,.4

61.3

45.0
45.0

4 9 ..4
49. 4

5 4 ,.2
5 4 .2

6 0 ..5
6 0 ..5

6 5 .6
6 5 .6

7 6 .8
7 6 .8

9 2 .2
9 2 ,.2

14
15
16
17

26.1
72.4
45.0
91.3

2 8 ..7
6 7 .,5
4 9 ..4
8 8 .,2

3 4 ,.3
7 2 .1
5 4 ,.2
9 2 .1

4 6 ..4
9 2 ,.0
6 0 ,.5
1 0 6 ,.1

6 7 .3
1 4 3 .8
6 5 .6
1 4 2 ,.1

.5
.3
.8
.6

18
19
20
21

26.1
0.6
2.6

28. 7
0. 4
2 9 .,9
- 1 .,6

3 4 ..3
.0
3 3 ,.0
0..3

4 6 ..4
1,.5
4 3 ,.6
1..3

6 7 .3
1..3
5 8 ,. 1
7 .8

22

16.0

1 4 ..7

1 6 .5

19,.3

23
24
25

3.4
8.0
4.5

3..7
1 0 ..0
6..3

5 .6
11 .5
5 .9

26
27
28

1.1
1.2

1..4
1,.4

29

-.1

30

*

8 8 .2
- 1 8 .4
36 . 1
5 4 ..5

100
-21
49
70

.4
.5
.4
.9

125
-56
69
126

Capital expenditures
Net financial investment
N e t a c q . of f i n a n . a s s e t s
- N e t i n c r . in l i a b i l i t i e s
+ Corporate equity
- Min. rights from

issues
U.S. govt.

-

Capital consump.allow., NIPA
Inventory valuation adj.

=

Net investment
Balance Sheet

*
102.5
102.5

-

Depreciation valuation adj.
Depreciation charges
-Cap. consump. allow., NIPA

1 0 4 .0
1 3 8 .8
9 2 ,.2
1 2 7 ,.0

75.6
142.8
102.5
169.8

• 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 (1)

1 4 3 ,.5
1..3
1 2 5 ,.8
16,.4

1 0 4 ,.0
0,.4
1 0 0 ,.2
3..3

75.6
1.0
67.9
6.7

2 9 ,.8

3 5 ,.9

2 9 ,.4

29.5

C h a n g e in the v a l u e
land h o l d i n g s

19,.5
2 4 ..5
5,.0

8 ..9
1 8 .1
9 .2

12,.0
19..8
7,.8

10..6
2 3 ..2
12,.6

10.0
19.9
9.8

+ R e v a l . of f g n . d i r .
C h a n g e in v a l u e
-Direct investment

invest.

0..1
0 .4
0 .3

.3
0..6
0..9

2 .7
5 .2
2 .5

.1
4..5
4,.6

16.9
20.4
3.5

-

in

.1

0 .8

0..1

1 0 .1

3 0 ,.7

- 1 ..7

2.8

70.9

6 7 ..2

8 7 ..8

1 2 0 .6

1 4 1 ..6

2 7 9 ,.7

1 9 6 ,.8

162.3

31

736.7

8 0 3 ,.9

8 9 1 .8

1 0 1 2 .3

1 1 5 3 .9

1 4 3 3 ..6

1 6 3 0 ,.4

1792.7

32

25.4

2 0 ,.3

3 0 ..8

3 5 .0

2 8 .3

5 7 ..4

33
34
35
36

0.1
55.0
36.3
91.3

.9
4 7 ,.9
3 9 ,.4
8 8 ,.2

- 2 ,.7
4 6 .9
4 2 .5
9 2 .1

.4
5 9 ..4
4 6 ..3
1 0 6 .. 1

37

3.0

38
39
40

-8.7
36.3
45.0

41

3.4

.

*

143
243
76
176

R e v a l u a t i o n b y t y p e of a s s e t
Residential structures
Nonres. plant & equipment
Inventories (1)
+

*

.1
2. . 1
2,.2

Tangibles

and

net

4 ..1
7 0 ,.8
6 0 ,.4
1 2 7 ..0

1..5
- 3 1 ..9
6 0 ..4
9 2 ..2

-36.4
66.1
102.5

Change

worth

on

U.S.

in

net

8 ..1
1 2 9 ,.6
5 5 .. 1
1 7 6 ..6

30

outstanding

historical

investment

cost

basis:

V a l u a t i o n a d j u s t m e n t on
physical assets (3)
C h a n g e in value
Depreciation charges
- G r o s s purchases (1)
C h a n g e in the v a l u e
land holdings

-

Depreciation valuation adj.
Depreciation charges
-Cap. consump. allow., NIPA

- 9 .,9
39. 4
4 9 .,4

- 1 1 ..8
4 2 ..5
5 4 ..2

- 1 4 ,.2
4 6 ,.3
6 0 ..5

3.,7

5..6

19,.5

8 ..9

12,.0

10,.6

10.0

•

Reval.

of

fgn.

dir.

invest.

41

0..1

.3

2..7

.1

- ,.1

16.9

-

Reval.

of

dir.

inv.

in

42

4 .6
- 1 5 .4
5 0 ..2
65 . 6

-2. 5

- 1 ..0

9,.5

13..7

2 4 ,.6

- 1 2 ,.5

-4.7

+ Other

44

45.6

33. 6

4 6 ..0

8 0 .4

6 8 .9

1 2 6 .8

9 0 ,.1

91.7

= Change

(1)
(2)
(3)

of

dollars.

U.S.

revaluations
in

net

worth

Before inventory valuation adjustment.
Excludes capital gains.
E f f e c t of d i f f e r e n t t r e a t m e n t of c e r t a i n
i t e m s in B E A c a p i t a l a c c o u n t s f r o m the
t h e N I P A a c c o u n t s in t h e c a l c u l a t i o n of
historical-cost investment flows; also
r e f l e c t s a d j u s t m e n t s for i n t e r s e c t o r a l
t r a n s f e r s of a s s e t s .

1008.4




of

2..4

*

billions

flow

1,.6

5.0

in

26

29

worth

Net

43

are

23
24
25

28

®

42

Data

21

27
(2)

revaluations

Memo:
Net worth

2.4

- 2 1 ,.7
5 5 ,.1
7 6 ,.8

=

3.1
106.7
66.1
169.8

2,.9

+ Other

(2)

+
3.. 1

.8
.7
.2
. 1

61.3

R e v a l . of d i r . i n v .
C h a n g e in v a l u e
-Direct investment

19

20

of

•
0
92
50
142

5 4 ,.4

flow,
basis

1100.1

Memo:
Net worth

outstanding

43
44

M a r c h 10, 1993
Nonfinancial Corporate

Nonfinancial

Business
Factors

78

Annual

Accounting

G r o s s I n v e s t m e n t of
corporate business
f r o m F l o w of F u n d s

nonfinancial
sector,
Accounts

11 12
13
14
15
16
17

Corporate

Business

North

1980
Corporate

1981
Business,

Excluding

1982

Flows

1983

1984

Farms

239.2

• C h a n g e in t h e v a l u e
land holdings
• R e v a l . of f g n . d i r .
C h a n g e in v a l u e
-Direct investment

3 0 0 .,1
-10. 6
1 2 0 .,4
1 3 1 ..0

398.5
- 5 3 ..0
103,.8
156..8

2
3
4
5

.1
2..0

-7, 8
4..7

10..4
5.,0

- 1 3 ,.5
4,.8

1,.9
7..8

2 0 ..0
7..8

- 7 9 ..0
7..9

6
7

1 3 1 ..1
- 2 5 ..1

1 5 1 ..6
- 4 1 ..6

1 7 3 ..2
- 4 3 ..0

2 0 5 ..3
- 2 5 ..7

2 2 7 ,.5
- 1 0 ..0

2 4 0 ., 1
-8. 5

2 4 6 ..1
—4 , 1
.

8
9

87. 9

1 1 6 .,6

9 7 ..4

6 7 ..9

4 0 ..4

70. 0

16..6 10

.3
130! 8
1 3 1 ..1

,4
1511.1
1 5 1 ..6

.4
1 7 2 ..8
1 7 3 ..2

- 2 ..8
2 0 2 ..5
2 0 5 ,.3

.7
2 2 6 ..8
2 2 7 ..5

-7. 0
2 3 3 .,1
2 4 0 .,1

- 3 ..2 11
2 4 2 ..9 12
2 4 6 ..1 13

1 4 1 ..1
256. 5
1 3 0 .,8
2 4 6 ..1

1 8 9 ..3
3 2 0 ..6
151.
282. 5

2 3 1 ..8
3 5 2 ..9
1 7 2 ..8
2 9 3 ,.8

.3
201 ,
3 3 2 ..6
2 0 2 ..5
3 3 3 ,.8

75..9
1 3 6 ..6
2 2 6 ,.8
2 8 7 ,.5

12.,7
8 0 .,3
2 3 3 ..1
3 0 0 ..8

41 .
.7 14
193 .5 15
2 4 2 ..9 16
3 9 4 ..7 17

1 4 1 .,1
4.. 1
123..3
13..7

1 8 9 ..3
3..0
147,.8
38,.4

2 3 1 ,.8
3,.0
1 9 3 .8
35,.0

2 0 1 ..3
2,.1
1 8 4 .9
14 .3

9 9 .3
2,.2
90,.9
6,.2

invest.

75
1
84
-9

.9
.2
.5
.8

12..7
.0
1.
18,.9
- 7 ,.2

41
1
36
4

.7
.0
.6
. 1

18
19
20
21

of

23
24
25

2 8 5 ,.3
- 2 1 ..5
4 7 ..6
69,.1

99..3
183,.9
114,.8
1 9 9 ..4

22

3 1 3 ,.0
- 4 7 ,.2
9 5 ..9
1 4 3 ..1

1 1 4 ..8
114,.8

R e v a l u a t i o n b y t y p e of a s s e t
Residential structures
Nonres. plant 8 equipment
Inventories CI)

255. 8
- 3 3 ..5
9 7 .,1
1 3 0 ..6

5 2 ..9

Depreciation valuation adj.
Depreciation charges
-Cap. consump. allow., NIPA

2 4 5 ..6
-6. 5
127. 6
1 3 4 .,0

1 1 4 ..8
- 1 6 ..7

flow,
basis

2 2 3 .,1
- 2 7 ,.0
1 0 5 .,7
1 3 2 .,7

2..7
2..5

issues
U.S. govt.

+ 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 (1)

18
19
20
21

Net

1 8 5 ..2
- 3 4 .,4
6 0 ..3
94,.7

8 - Capital consump.allow., NIPA
9 - Inventory valuation adj.
* Net investment
Balance Sheet

1979
Nonfinancial

150.8

Capital expenditures
Net financial investment
N e t a c q . of f i n a n . a s s e t s
- N e t i n c r . in l i a b i l i t i e s

6 + Corporate equity
7 - Min. rights from

10

in

Annual

1978

2
3
4
5

Change

Flows

R.104

1

for

26 27
28

R e v a l . of d i r . i n v .
C h a n g e in v a l u e
-Direct investment

29

+ Other

30

= Change

31

36,.6

U.S.

<2)

5 7 ,.9

61,.9

6 3 .2

4 9 .3

38,.9

4 2 .5 2 2

2 2 ..4
36..5
14,.1

2 7 .,6
5 2 ..2
2 4 ..6

3 0 .9
5 3 ..1
2 2 ..2

7 .1
1 8 .6
11 .5

- 1 9 .8
- 9 .0
1 0 .8

- 1 9 ..9
- 1 1 ..8
8 ..2

- 2 0 . 1 23
- 8 .2 2 4
12 .0 2 5

4 .0
7 .2
3 .2

(2)
in

4 6 .6

3 0 .8
4 0 ..0
9 .2

5,.0
12,.0
7..0

6..9
15..9
9,.1

17,.6
3 0 .8
13,.2

9 .4
3 0 .0
2 0 .6

3 .6
13 .0
9 .5

- 4 ,.4
5..0
9..5

1 .6 2 6
2 0 .9 2 7
19 .3 2 8

- 1 .8

.5

0..8

3 .1

6 .1

- 2 9 .5

- 2 2 ..7

- 3 .8 2 9

worth

2 1 3 ,.8

2 9 2 ,.9

3 8 5 ,.7

4 0 8 ,.0

3 3 9 .0

1 1 3 .4

90,.5

7 8 .6 30

Memo:
Net worth

outstanding

2 0 0 6 .5

2 2 9 9 ,.4

2 6 8 5 .1

3 5 4 5 .4

3 6 3 5 ,.9

3 7 1 4 .5

31

Tangibles

and

4 0 .4

70..0

16 .6

32

revaluations
in

net

net

worth

on

32

= Net

33
34
35
36

37

+ C h a n g e in t h e v a l u e
land holdings

historical

• V a l u a t i o n a d j u s t m e n t on
physical assets (3)
C h a n g e in v a l u e
Depreciation charges
- G r o s s purchases (1)

38 39
40
41

investment

6
132
73
199

43

+ Other

44

116,.6

11.. 1
1 7 4 .4
8 2 .8
2 4 6 .1

14,.7
2 0 3 .0
9 4 .2
2 8 2 .5

9 7 .4

12
200
106
293

.9
.1
.6
.8

6 7 .9

5
219
120
333

.7
.0
.6
.8

-16
134
135
287

.9
.9
.7
.5

- 1 2 ,.7
1 3 7 .9
150,.2
3 0 0 ..8

-7
222
165
394

.2 33
.2 34
.3 3 5
.7 36

invest.

inv.

in

U.S.

revaluations
worth

3 .9

4 .2

4 .6

7 .5

4 .5

3,.7

- 4 1 .4
7 3 .5
1 1 4 .8

- 4 8 .2
8 2 .8
131 .1

- 5 7 .4
9 4 .2
1 5 1 .6

— 6 6 .6
1 0 6 .6
1 7 3 .2

- 8 4 .7
1 2 0 .6
2 0 5 .3

- 9 1 .8
1 3 5 .7
2 2 7 .5

- 9 0 ..0
1 5 0 .2
2 4 0 .1

- 8 0 .8 3 8
165,.3 39
246 . 1 40

3 0 .8

22,.4

2 7 .6

3 0 .9

7. 1

- 1 9 .8

- 1 9 .9

- 2 0 .1 41

4 .0

5 .0

6 .9

1 7 .6

9 .4

3 .6

- 4 .4

1 .6 4 2

1 .0

13 .6

- 9 .5

- 1 .1

- 1 5 .9

- 8 ,.3

- 1 2 .8 4 3

1 2 4 .1

dir.

net

8 7 ,.9

- 5 .8

fgn.
dir.

in

basis:

2 .2

of

= Change

.7
.6
.5
.4

3432 . 1

of

of

Reval.

cost
5 2 .9

Depreciation valuation adj.
Depreciation charges
-Cap. consump. allow., NIPA

+ Reval.

42 -

flow

3093,

3 .9

1 6 9 .6

2 2 7 .2

1 8 5 .3

1 6 2 .5

8 0 .6

127..2

5 9 .5 4 4

37

(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 .
(2) Excludes capital gains.
C 3 ) E f f e c t of d i f f e r e n t t r e a t m e n t of c e r t a i n
i t e m s in B E A c a p i t a l a c c o u n t s f r o m the
t h e N I P A a c c o u n t s in t h e c a l c u l a t i o n o f
historical-cost investment flows; also
r e f l e c t s a d j u s t m e n t s for i n t e r s e c t o r a l
t r a n s f e r s of a s s e t s .

45

Memo:
Net worth

Data

are

in

outstanding

billions




of

1224.2

dollars.

2236.1

45

M a r c h 10, 1 9 9 3
Nonfinancial Corporate

Nonfinancial

Business
Factors

Annual

Accounting

for

Change

in N e t

Corporate

Worth

Business

79

Annual

Flows

1986
R.104

1987
Nonfinancial

1988
Corporate

1989
Business,

Flows

1990
Excluding

Farms

G r o s s i n v e s t m e n t of n o n f i n a n c i a l
corporate business sector,
f r o m F l o w of F u n d s A c c o u n t s

1

Capital expenditures
Net financial i n v e s t m e n t
N e t a c q . of f i n a n . a s s e t s
- N e t i n c r . in l i a b i l i t i e s -

4
5

433.9
351.9

150.4
179.2

365.1
-56.4
1 0 8 .4
1 6 4 .8

394.4
-24.6
1 5 9 .8
1 8 4 .4

406.0

-26.1

-16.6

1 0 6 ..2
1 3 2 ..3

8 7 ..3
1 0 3 ..9

363.9
30.9
6 1 ..6
3 0 ..8

- 1 2 4 .2
2 .4

- 6 3 ..0
3..5

18..3
2..8

3 2 7 ,.0
- 1 4 ,.2

3 3 8 ..5
3..1

- 4 4 ,.2

.8

6 8 ..7

- 2 ..8
3 2 4 ,.2
3 2 7 ,.0

- 1 ..4
3 3 7 ..0
3 3 8 ..5
5..8
2 6 ..9
3 3 7 ..0
3 5 8 ..0

4
5

374.9
-30.9
8 3 ..0
1 1 3 ..9

6
7

- 8 4 .5
4 .4

-85.0
7.2

- 7 5 .5
2 .9

- 1 2 9 .5
3 .3

8
9

2 5 6 ..0
0..3

269.2
9.8

2 7 9 .2
- 1 4 .5

2 9 5 .1
- 2 7 .3

315 . 1
- 1 7 .5

10

- 1 ,.1

-48.0

- 3 4 .5

- 3 0 .8

-28.8

«

*

*

395.1

11
12
13

2 5 6 ..0
2 5 6 ..0

269.2
269.2

2 7 9 .1
2 7 9 .2

2 9 5 .1
2 9 5 .1

- 1 .9
3 1 3 ..2
3 1 5 .1

14
15
16
17

30..5
144,.7
2 5 6 ..0
3 7 0 ..3

48.5
114.3
269.2
335.0

68
165
279
376

.4
.9
.1
.6

121
244
295
418

1 0 6 .4
2 1 4 .4
3 1 3 .2
4 2 1 ..1

1 0 2 .2
1 8 3 .8
3 2 4 ,.2
4 0 5 .8

18
19
20
21

30..5
1. 1
39..5
- 1 0 ,.2

48.5
1.3
56.3
-9.0

68
1
53
13

.4
.6
.7
.2

1 2 1 .2
.5
1 0 9 .8
11 .9

106
1
99
5

102
0
93
8

22

3 8 .9

33.6

3 8 .3

6 0 .6

23
24
25

11,.3
2 0 ..1
8 .7

13.6
25.7
12.1

3 7 .6
5 9 .5
2 1 .9

26
27
28

- 2 ..1
16 .7
18..8

-1.7
26.8
28.4

0 .5
5 2 .6
5 2 .2

29

- 4 ,.3

5.8

- 3 4 .9

10 .3

- 2 .1

7 .6

7 7 .4

55.2

7 4 .5

1 6 1 .9

1 4 5 .3

- 3 0 .3

- 2 9 8 .5

2 6 .8 + C o r p o r a t e e q u i t y
2 .6 - M i n . r i g h t s f r o m
3 4 7 .9 - 8 ,.0 -

.2
.6
.1
.4

.4
.7
.6
.1

issues
U.S. govt.

Capital consump.allow., NIPA
Inventory valuation adj.

- Net investment
Balance Sheet

118,.3

- 2 9 ,.6

30

385.3
48.6
1 6 4 .2
1 1 5 .6

flow,
basis

- 1 3 8 .5 + 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
- 9 5 .4
Depreciation charges
3 4 7 .7
- G r o s s p u r c h a s e s CI)
3 9 0 ,.8

.2
.5
.4
.3

5..8
0,.5
12 .0
- 6 .7

- 1 8 4 ,.9

- 3 2 6 ,.9

- 2 5 9 .9

+ C h a n g e in the v a l u e
land h o l d i n g s

2 .1
7 .8
5 .8

7 .0
2 8 .0
2 1 .0

3 4 .2
61 .9
2 7 .7

- 4 ..7
19..6
2 4 ,.3

- 5 .1
2 9 .4
3 4 .6

+ R e v a l . of f g n . d i r .
C h a n g e in v a l u e
-Direct investment

invest.

1 .5
5 2 .3
5 0 .9

- 1 2 .2
3 9 .7
5 1 .9

- 8 .6
3 2 .1
4 0 .7

13,.2
16,.9
3,.6

- 2 .9
- 1 .9
1 .0

R e v a l . of d i r . i n v .
C h a n g e in v a l u e
-Direct investment

-138
-2
-139
3

R e v a l u a t i o n b y t y p e of a s s e t
Residential structures
Nonres. plant & equipment
Inventories (1)

.5
.2
.6
.3

1 .5 + O t h e r

68.7

and

net

Net

- 8 ,.2
179,.5
182,.6
370,.3

- 1 0 ,.4
126..2
198..4
3 3 5 ,.0

- 6 ,.8
158,.1
2 1 1 ,.7
3 7 6 ,.6

- 1 5 .2
178,.8
2 2 4 ,.5
4 1 8 ,.4

37

9,.0

4 .6

7,.8

9 .1

4,.1

4,.3

4 .8

38
39
40

- 7 3 ,.4
182,.6
2 5 6 ..0

- 7 0 ,.8
198,.4
2 6 9 ,.2

- 6 7 .4
2 1 1 ,.7
2 7 9 ,.2

- 7 0 ,.6
2 2 4 ,.5
2 9 5 ..1

- 7 6 .2
2 3 8 .9
3 1 5 ,.1

- 7 8 .2
2 4 8 ..8
3 2 7 ,.0

- 7 8 .7
2 5 9 ..7
338. 5

41

11..3

13,.6

3 7 ..6

2..1

7..0

34..2

- 4 ..7

42

- 2 ..1

- 1 ,.7

0..5

1..5

- 1 2 ,.2

- 8 ..6

13.,2

43

-6.8

15.,0

- 3 1 ..8

2 6 ..6

- 2 1 ..8

2 5 ..3

- 1 1 1 .,0

44

79.,8

4 7 ..3

39..3

6 1 ..0

2 8 ,.0

1 4 0 ..4

1 2 3 ..1

= Net

- 9 .4
147,.6
2 4 8 ,.8
4 0 5 ,.8

9 9 ..8
198,. 1
2 5 9 ..7
3 5 8 .0

31,.7
153,,7
2 6 8 ,>8
3 9 0 ,.8

- 2 ,.7

on

(2)
in

U.S.

(2)

net

Data

are

in

billions




of

dollars.

2754.9

23
24
25
26
27
28

30

outstanding

historical

investment

cost

basis:

flow

32

+ C h a n g e in t h e v a l u e
land h o l d i n g s

33
34
35
36

of
37

Depreciation valuation adj.
Depreciation charges
- C a p . consump. allow., NIPA

38
39
40

- 5 ,.1

Reval.

of

fgn.

dir.

invest.

41

- 2 ,.9 -

Reval.

of

dir.

inv.

in

42

- 6 1 ,.4 + O t h e r
1 6 2 ..8

U.S.

revaluations

= Change

in

net

worth

(1) Before inventory valuation adjustment.
(2) Excludes capital gains.
( 3 ) E f f e c t of d i f f e r e n t t r e a t m e n t of c e r t a i n
i t e m s in B E A c a p i t a l a c c o u n t s f r o m t h e
the N I P A a c c o u n t s in t h e c a l c u l a t i o n of
historical-cost investment flows; also
r e f l e c t s a d j u s t m e n t s for i n t e r s e c t o r a l
t r a n s f e r s of a s s e t s .

2

18
19
20
21

29

worth

V a l u a t i o n a d j u s t m e n t on
physical assets (3)
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)

- 7 9 ,.0
2 6 8 ,.8
3 4 7,.9

- 5 .5
176,.7
2 3 8 ,.9
4 2 1 ,. 1

in

worth

worth

118.3

33
34
35
36

2363.2

14
15
16
17

22

revaluations

- 2 8 0 .6 = C h a n g e

3619.4

Tangibles

2315.9

11
12
13

of

6 4 .0

3847.1

45

8
9

10

Depreciation valuation adj.
Depreciation charges
-Cap. consump. allow., NIPA

.2
3 4 7 ,.7
3 4 7 ,.9

6
7

2917.7

Memo:
Net worth

outstanding

43
44

M a r c h 10, 1993
Private Financial

Private

Institutions
Factors

80

Annual

Accounting

for

Change

in

Net

Financial

Institutions

Worth
Annual

Flows

1945

1946

1947
R . 131

Private

1948
Financial

1949

1950

1951

Flows

1952

Institutions

1

G r o s s i n v e s t m e n t of p r i v a t e
financial institutions* from
F l o w of F u n d s A c c o u n t s

1.3

1.1

1.3

1.3

2.2

1.0

2.0

1

2
3
4
5

Capital expenditures
Net f i n a n c i a l i n v e s t m e n t
N e t a c q . of f i n a n . a s s e t s
- N e t i n c r . in l i a b i l i t i e s

0.2
1.1
-2.3
-3.3

0.3
0.8
12.3
11.4

0.3
1.0
10.4
9.3

0.3
1.0
13.0
12.0

0.4
1.8
20.6
18.8

0.4
0.6
20.5
19.9

0.4
1.6
26.7
25.1

2
3
4
5

issues

0.1

0.1

0.1

»

0.1

9.2

0.2

6

allowances

0.2

0.2

0.2

0.3

0.3

0,5

0.3

7

1.2

1.0

1.2

1.1

2.0

0.9

1.8

8

3.5
3.5

4.0
4.0

4.3
4.3

4.5
4.5

5.1
5.1

5.4
5.4

*
6.7
6.7

9
10
11

-.2
0.3

-.1
0.1
0.2

0.1
0.1

1.2
1.6
0.3

0.3
0.2

-.2
0.1
0.3

-.1
0.5
0.5

12
13
14

0.1
0.2
0.2

0.1
0.1
0.2
0.3

0.2
0.2
0.2
0.3

0.1
0.3
0.3

0.2
0.3
0.3
0.4

0.1
0.2
0.3
0.4

15
16
17
18

K

19

6

+ Corporate

7 -

8

Capital

equity

consump.

= Net investment
Balance Sheet
-

flow,
basis

9
10
11

R e v a l . of l i f e i n s u r . and
pension fund r e s e r v e s
C h a n g e in v a l u e
-Net claims issued

12 13
14

R e v a l . of m u t u a l f u n d
C h a n g e in v a l u e
- S h a r e s issued

shares

15
16
17
18

+ Reval.of reproducible assets
C h a n g e in v a l u e
Depreciation charges
-Gross purchases. FOF basis

19

+ C h a n g e in t h e v a l u e
. land holdings

20
21
22

+ R e v a l . of c o r p . e q u i t i e s
C h a n g e in v a l u e
-Net purchases

23

+ Other

24

= Change

25

Memo:
Net worth

Data

are

in

net

0.2
held




-.1

0.2

0.1

0,1

-.1
0.3
0.4

-.1
0.3
0.4

1.6
2.5
0.9

0.4
1.3
1.0

0,1
0.8
9,7

0.2 20
1.6 21
1.4 2 2

»

dollars.

0.1

-.1

*

"

-.2

23

1.3

1.1

1.7

2.7

1,4

2.1

24

22.5

outstanding
of

0.2

-.1
0.2
0.3

1.6

worth

billions

1:1

of

revaluations
in

u

23.9

25.0

26.6

29.3

30,7

32.8

25

M a r c h 10, 1993
Private Financial

Institutions

Private
Factors

Annual

Accounting

for

Change

in N e t

Financial

Flows

Annual

R . 131

Private

Financial

2.4

3.9

2.6

2.3

1.7

3.0

2.4

4.1

2

0.6

0.6

2.2
38.7
36.5

1.4
32.7
31.3

G r o s s i n v e s t m e n t of p r i v a t e
financial i n s t i t u t i o n s . from
F l o w of F u n d s A c c o u n t s

1

Capital expenditures
Net financial investment
N e t a c q . of f i n a n . a s s e t s
- N e t i n c r . in l i a b i l i t i e s

2
3
4
5

1.0

3.2
29.2
25.9

0.9
0.8
26.7
25.9

1.0

1.8
22.9
21.2

0.8
1.4
25.3
23.9

0.8

3
4
5

0.8
1.7
28.8
27.0

3.1
38.5
35.4

6

0.2

0.3

0.1

0.3

0.3

0.2

0.3

0.2

+ Corporate

7

0.4

0.4

0.4

0.5

0.5

0.5

0.6

0.6

-

3.7

= Net investment
Balance Sheet

2.2

3.8

2.2

2.1

1.5

2.7

2.1

-

Capital

equity

consump.

issues

6

allowances

7

flow,
basis

8

R e v a l . of l i f e i n s u r . and
pension fund reserves
C h a n g e in v a l u e
-Net claims issued

9
10
11

-.2 1.2
1.4

R e v a l . of m u t u a l f u n d
C h a n g e in v a l u e
-Shares issued

12
13
14

Reval.of reproducible assets
C h a n g e in v a l u e
.
Depreciation charges
-Gross purchases* FOF basis

9
10
11

*
7.3
7.3

0.1
7.8
7.7

2.3
10.3
8.0

*
8.3
8.3

-.7
8.3
9.0

12
13
14

-.2
0.2
0.4

1.4
2.0
0.5

0.9
1.7

0.2
1.2

-1.4
-.3

15
16
17

*
0.3
0.4

0.3
0.7
0.5
0.8

0.1
0.4
0.5
0.9

0.1

0.1

0.6

0.2
0.7
0.4
0.8

*

0.6

*
0.2
0.4

0.3
0.5

0.5
0.6

0.4
0.6

19

*

0.3

-.1

0.2

0.1

*

0.1

0.1

+ C h a n g e in the v a l u e
land h o l d i n g s

20
21
22

-.3
1.1
1.3

3.3
4.8
1.5

4.9
6.4
1.5

0.3
1.8
1.5

-2.7
-.4
2.3

8.4
10.8
2.4

3.0
6.3
3.3

0.2
3.6
3.4

+ R e v a l . of c o r p . e q u i t i e s
C h a n g e in v a l u e
-Net purchases

23

*

-.4

-.2

-.1

-.4

- .4

*

24

2.1

5.4

3.8

2.7

0.7

5.0

3.1

18

25
Data

34.9
are

in

billions




40.4
of

dollars.

0.8

44.2

1.0

46.9

Flows

Institutions

1

8

Institutions

Worth

1.1

47.6

2.7

1.2

0.1

12.1

12.1

10.6

9.4

10.9

10.5

2.9
4.5
1.6

0.9
2.6
1.7

0.8

52.6

1.0

55.7

1.0

•

- . 1 + Other
4.1

59.9

revaluations

= Change
Memo:
Net worth

in

net

shares

15
16
17
18

of
19
held

20
21
22
23

worth

24

outstanding

25

M a r c h 10, 1995
Private Financial

Private

Institutions

O Z
Annual Flows

Factors

Q

Accounting

for

Change

in

Net

Financial

Institutions

Worth
Annual

R.131

Private

Financial

Flows

Institutions

1

G r o s s i n v e s t m e n t of p r i v a t e
financial institutions, from
F l o w of F u n d s A c c o u n t s

4.5

4.6

2.2

5.2

2.7

0.5

3.0

4.8

1

2
3
4
5

Capital expenditures
Net financial investment
N e t a c q . of f i n a n . a s s e t s
- N e t i n c r . in l i a b i l i t i e s

1.0
3.5
49.2
45.7

1.2
3.3
57.1
53.8

1.1
1.1
57.6
56.5

1.7
1.5
66.3
64.7

1.9
0.8
71.5
70.7

1.9
-1.4
57.4
58.8

2.0
1.0
83.4
82.4

2.8
2.0
96.6
94.6

2
3
4
5

6

• Corporate

issues

0.4

0.2

0.3

0.2

*

0.1

0.1

0.6

6

allowances

0.6

0.7

0.7

0.8

0.9

1.0

1.2

1.4

7

4.3

4.1

1.8

2.6

1.8

-.5

1.9

4.0

8

4.2
15.3
11.1

-3.3
8.6
11.9

3.9
16.5
12.6

4.1
19.1
15.0

4.1
19.6
15.5

-5.0
13.0
18.0

8.4
25.8
17.4

6.6
25.2
18.6

9
10
11

shares

3.6
5.8
2.2

-3.3
-1.6
1.7

2.5
3.9
1.5

1.8
3.9
2.1

2.8
6.1
3.3

-4.1
-.4
3.8

6.8
9.5
2.7

2.0
6.9
4.9

12
13
14

• Reval.of reproducible assets
C h a n g e in v a l u e
Depreciation charges
- G r o s s purchases, FOF basis

0.1
0.5
0.6
1.0

0.2
0.8
0.7
1.2

0.3
0.7
0.7
1.1

0.3
1.2
0.8
1.7

0.5
1.5
0.9
1.9

0.7
1.5
1.0
1.9

0.7
1.6
1.2
2.0

1.4
2.8
1.4
2.8

15
16
17
18

7 -

8

Capital

equity

consump.

= Net investment
Balance Sheet
-

flow,
basis

9
10
11

R e v a l . of l i f e i n s u r . a n d
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 claims Issued

12 13
14

R e v a l . of m u t u a l f u n d
C h a n g e in v a l u e
-Shares issued

15
16
17
18

•
19

C h a n g e in t h e v a l u e
land h o l d i n g s

of
0.2

• Other

24

= Change

25

Memo:
Net worth

Data

are

revaluations

in




in

net

worth

outstanding
billions

of

dollars.

0.1

0.1

0.5

0.1

0.4

0.2

0.6

19

8.9
12.7
3.9

8.5
13.0
4.6

9.3
15.3
6.0

-10.3
-4.3
6.0

19.2
28.0
8.8

12.1
22.9
10.8

20
21
22

-.2

-.7

-.2

*

0.1

0.2

-.4

23

3.3

4.0

5.8

4.9

-.4

7.0

9.2

24*

67.5

23

held

-7.7
-3.3
4.4

7.6

+ R e v a l . of c o r p . e q u i t i e s
C h a n g e in v a l u e
-Net purchases

11.1
15.1
4.1
-.2

20
21
22

70.8

74.7

80.5

85.4

85.0

92.0

101.2

25

M a r c h 10, 1993
Private Financial

Institutions

Private
Factors

Annual

Accounting

for

Change

in

Net

Financial

83

Flows

Annual

1971
R.131

1972
Private

Financial

-1.3

-2.2

6.9

2.3

3.1
-4.4
72.6
76.9

3.0
-5.2

4.1

102.1
107.3

3.7
3.2
148.3
145.1

211.9
213.7

1.3

2.0

2.2

3.5

1.5

1.7

-1.8

1973

1974

2.2

-6.1

9

14.2
20.3
-9.5
-3.6
5.8

12
13
14

23.9
21.7

1975

6.2
5.5
0.7
197.7
197.0

0.6
6.7

-6.0
160.7

166.8

-3.6

9.7

7.2
-10.7
184.1
194.9

G r o s s i n v e s t m e n t of p r i v a t e
f i n a n c i a l i n s t i t u t i o n s , fro
F l o w of F u n d s A c c o u n t s

7.9
1.8
238.9
237.1

Capital expenditures
Net financial investment
N e t a c q . of f i n a n . a s s e t s
- N e t i n c r . in l i a b i l i t i e s

-3.5

15

18

0.6

2.2

+ Corporate

4.2

5.1

-

= Net investment
Balance Sheet
-

-16.6

15
16
17
18

3.7

6.2

6.6

5.5

9.5
3.4
6.7

9.5
4.2
7.2

6.5
9.3
5.1
7.9

+ Reval.of reproducible assets
C h a n g e in v a l u e
Depreciation charges
- G r o s s purchases, FOF basis

2.3

+ C h a n g e in the v a l u e
land holdings

2.8

3.9
1.9
3.7

4.7
2.3
4.1

20.8

2.9

5.9

1.3

24

3.1

5.4

14.7

6.6
2.6

-45.2
-32.4

-53.1
-46.4

5.6

10.4

4.1

8.1

6.6

18.5

15.6

0.4

15.2

26.9

12.8

6.8

47.2
58.8

11.6

25.6
34.8
9.2

201.1




12
13
14

5.3
3.5
-1.9

2.2

dollars.

shares

7.9
7.9

1.2

of

R e v a l . of m u t u a l f u n d
C h a n g e in v a l u e
- S h a r e s issued

-11.9
-11.5
0.5

3.8
3.5
-.3

23

billions

9
10
11

-12.2

0.8

42.2
21.4

in

8

R e v a l . of l i f e i n s u r . and
pension fund r e s e r v e s
C h a n g e in v a l u e
-Net claims issued

-12.3
—. 1

8.6

12.6

are

7

flow,
basis

15.6
67.5
51.9

-4.0

Data

6

68.1

26.3
45.5
19.2

22

issues

34.9
103.0

11.6

-

1
2
3
4
5

allowances

40.9

-1.9
9.4
11.4

21

equity

consump.

-29.2

2.1
20

Capital

-25.9
11.7
37.6

2.5
1.7
3.0

1.5
3.1

1.6
3.4

57.1
45.3

2.7

-.8

1.1
2.6

17

16

7.8

11.8

3.0

2.6

15.5
40.5
25.1

Flows

Institutions

6.8

10
11

Institutions

North

of

+ R e v a l . of c o r p . e q u i t i e s
C h a n g e in v a l u e
-Net purchases
+ Other

revaluations

= Change
Memo:
Net worth

in

net

19
held

20
21
22
23

worth

24

outstanding

25

March 10, 1993
Private Financial

Institutions

Private
Factors

Annual

Accounting

for

Change

in

Net

Financial

Institutions

Worth

Flows

Annual

R.131

Private

Financial

Flows

Institutions

1

G r o s s i n v e s t m e n t of p r i v a t e
financial institutions, from
F l o w of F u n d s A c c o u n t s

13.1

31.7

33.7

30.0

-2.2

19.2

21.3

24.1

2
3
4
5

Capital expenditures
Net financial investment
N e t a c q . of f i n a n . a s s e t s
- N e t i n c r . in l i a b i l i t i e s

8.9
4.2
308.5
304.3

14.4
17.3
383.9
366.7

19.5
14.3
388.4
374.1

21.9

26.0
-28.2

27.3

376.9
368.8

30.4
-9.0
536.3
545.3

38.0
-13.8
750.1
763.9

2.5

2.1

4.7

3.6

7.9

9.3

13.1

14.4

14.4

40.2
149.9
109.7

-27.8

136.0
277.6
141.6

235.3
166.5

6.5

-6.4

7.6
17.0
9.4

35.3
29.3

+

Corporate

-

Capital

=

Net investment
Balance Sheet

-

R e v a l . of l i f e i n s u r . a n d
pension fund reserves
C h a n g e in v a l u e
-Net claims issued

8

9
10
11
12
13
14

-

15
16
17
18

+

equity

2.2

6
7

consump.

issues
allowances

R e v a l . of m u t u a l f u n d
C h a n g e in v a l u e
-Shares issued

shares

C h a n g e in the v a l u e
land holdings

20
21
22

+

R e v a l . of c o r p . e q u i t i e s
C h a n g e in v a l u e
-Net purchases

23

+

Other

24

=

Change

25

Memo:
Net worth

Data

are

in

-2.0
-1.0

17.4

10%.2

108.1

87.8

93.7

0.7

5.2
5.7

0.6

-.1

4.3
7.2
5.9
8.9

-. 6
14.4

5.9
17.4
7.9
19.5

-19.2
—7.6
11.5

22.5
34.8
12.3

24.4
44.1
19.7

4.8
19.7

outstanding
of

55.7
71.9

7.2

6.6

0.6

10.0

80.0

107.9

-2.0

3.5

4.4

8.4

7.8
22 • 6

11.2
26.0

5.1
19.3
13.1
27.3

55.1
79.6
24.5

-35.8

100.0

25.8

128.5
28.5

31.4

5.9

75.9

5.5

21.0
9.3
21.9

68.8

6.0

2.2

18.1
14.4
30.4

-.3
164.5
164.8

9
10
11

-2.7
24.6
27.3

12
13
14

2.2
23.7
16.4
38.0

15
16
17
18

5.2
held

worth

billions




-8.2
459.9
468.0

of

revaluations
net

-16.2

1.0

Reval.of reproducible assets
C h a n g e in v a l u e
Depreciation charges
-Gross purchases, FOF basis

in

459.0
487.2

flow,
basis

+
19

8.1

dollars.

— 1.6
32.7

1.8
44.5

-10.0

0.1 20

90.5
144.0
53.5

5.4
5.3

21
22

50.7

8.3

52.3

23

29.1

41.8

79.2

24

Private

Financial

Institutions

Private
Factors Accounting

for

Change

in N e t

Financial

§ 5

Annual Flows

Annual

1985

1986

1987
R.131

1

26.4
41.8
-15.4
825.1
840.6

2
3
4
5

Institutions

Worth

1988
Private

Financial

1989

1990

1991

F l o w s

1992

Institutions

42.7

43.7

35.8

63.9

46.8

38.9

43.7

G r o s s i n v e s t m e n t of p r i v a t e
financial institutions, from
F l o w of F u n d s A c c o u n t s

1

47.6
-4.9
1013.5
1018.4

51.6
-7.9
595.4
603.3

56.4
-20.6
665.1
685.7

61.6
2.3
781.0
778.7

60.8
-14.1
423.7
437.8

58.0
-19.1
556.9
576.0

57.4
-13.7
707.1
720.8

Capital expenditures
Net f i n a n c i a l i n v e s t m e n t
N e t a c q . of f i n a n . a s s e t s
- N e t i n c r . in l i a b i l i t i e s

2
3
4
5

6

13.6

11.5

14.5

4.1

2.7

9.8

-.1

7.4

•

Corporate

7

18.5

21.4

24.7

28.4

32.8

36.7

39.7

41.9

-

Capital

8

21.5

32.8

33.4

11.4

33.9

19.8

-.9

9.2

equity

consump.

= Net i n v e s t m e n t
Balance Sheet
-

issues

6

allowances

7

flow.
basis

8

9
10
11

86.4
285.2
198.8

90.9
318.8
227.9

51.8
163.1
111.3

90.8
289.8
199.0

234.2
463.1
229.0

-94.2
96.2
190.4

650.1
916.8
266.6

135.0
367.3
232.3

R e v a l . of l i f e i n s u r . a n d
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 claims issued

12
13
14

14.9
103.6
88.7

12.3
173.2
160.9

-23.6
46.7
70.2

12.0
18.1
6.1

49.4
87.9
38.5

-32.0
35.9
67.9

61.3
211.8
150.5

36.2 242.6
206.4

R e v a l . of m u t u a l f u n d
C h a n g e in v a l u e
-Shares issued

15
16
17
18

3.3
26.7
18.5
41.8

8.1
34.3
21.4
47.6

6.5
33.3
24.7
51.6

12.3
40.3
28.4
56.4

12.2
41.1
32.8
61.6

13.2
37.3
36.7
60.8

2.6
21.0
39.7
58.0

12.2
27.7
41.9
57.4

19

7.8

11.2

11.9

12.9

6.4

-16.7

-2.9

-9.0

20
21
22

130.4
196.8
66.4

136.6
199.1
62.5

35.4
61.7
26.2

136.8
141.2
4.4

320.5
346.6
26.1

-120.5
-106.1
14.4

467.9
582.8
115.0

196.5
312.1
115.6

9
10
11

shares

12
13
14

+ Reval.of reproducible assets
C h a n g e in v a l u e
Depreciation charges
- G r o s s purchases, FOF basis

15
16
17
18

•

C h a n g e in t h e v a l u e
land h o l d i n g s

•

R e v a l . of c o r p . e q u i t i e s
C h a n g e in v a l u e
-Net purchases
Other

23

14.0

4.7

-12.3

9.2

-8.7

9.8

316.2

19.9

•

24

75.7

90.1

46.7

79.9

80.7

31.9

71.5

57.5

= Change

25

605.3

695.4

742.1

822.0

902.8

934.6

1006.2

in

of

Data

are




billions

dollars.

revaluations

Memo:
1063.7 Net w o r t h

in

net

of
19
held

20
21
22
23

worth

24

outstanding

25