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C.9 October 19S6 Balance Sheets Flow of Funds Balance Sheets For the U.S. Economy 1946-85 ' Board of Governors of the Federal Reserve System, Washington, D.C. 20551 Table of Contents Pages Balance sheet tables: I-5 National Net Worth 6-10 Tangible Asset Holdings II-15 Households 16-20 Farm and Nonfarm Noncorporate Business 21-25 Nonfinancial Corporate Business 26-30 Private Financial Institutions Stock-flow reconciliation tables: 31-35 All Sectors 36-40 Sector Flow Summaries 41-45 Households 46-50 Farm and Nonfarm Noncorporate Business 51-55 Nonfinancial Corporate Business 56-60 Private Financial Institutions Balance Sheets for the U.S. Economy 1946-85 The attached tables are a preliminary form of complete sector balance sheets for the private sectors of the economy, in which estimates of tangible assets and land are combined with the financial assets and liabilities that are published in the Flow of Funds Accounts to produce measures of total position and net worth. Reproducible tangible assets as shown here are from the tabulations published by the Bureau of Economic Analysis as equipment, residential structures, and inventories. Values of land holdings are Federal Reserve estimates—based mainly on data from quinquennial Censuses of Government—on real estate assessments and relations of assessments to sale prices in transactions. An important aspect of these balance sheets is that reproducibles are valued at replacement cost net of straight-line depreciation, while land holdings are stated at current market values. These valuations carry through the balance sheets to affect the measures of net worth, which are calculated as total tangible and financial assets less total liabilities, and are thus based on current values. These tables were last published in April 1986. This issue includes revisions from 1983 through 1985 made in the tangible assets series by BEA in connection with the annual three-year revision of the GNP accounts. There have also been revisions in the financial data going back to 1970; a new asset series appears on the table for private financial institutions for customers' liability on acceptances outstanding. For nonfinancial corporations the balance sheet statement includes an alternative measure of tangible assets at historical cost — t h e amount actually paid to acquire tangibles whenever purchased—and the alternative measure of net worth that results from this valuation. The historical-cost estimates for reproducibles come from the same BEA calculation that produces replacement cost estimates and are thus consistent for comparison of alternative pricing methods. The BEA calculation is a perpetual-inventory procedure that consists of accumulating purchases over a long period of years and deducting depreciation and retirements according to various schedules. It is entirely independent statistically of published business balance sheet measures of fixed assets, even for historical-cost measures. Accompanying the balance sheets are parallel tables that relate changes in net worth that appear in the balance sheets to gross investment flows that are published in the Flow of Funds Accounts. Conceptually, changes in net worth for each sector should equal gross investment as published after subtracting depreciation and allowing for net flows of equity funds. Differences between the two measures arise principally from revaluation of tangible and financial assets from year to year as a result - i - of price movements• Beyond price changes, however, allowance must be made for land transactions, which are not included in Flow of Funds statements, as well as changes in land values. Further allowances are needed for statistical differences in depreciation measures and for discontinuities in source data that occur when the scope or method of measurement is changed. These adjustments appear in the individual sector stock-flow reconciliation statements included here. This publication is distributed twice a year, in approximately April and October, as the Federal Reserve Board's C.9 release. Requests to be added to the mailing list may be made by contacting Publications Services at Stop 138, Board of Governors of the Federal Reserve System, Washington, D.C. 20551 (202)452-3245. Flow of Funds Section Division of Research and Statistics Board of Governors of the Federal Reserve System Washington, D.C. 20551 (202) 452-3482 - ii - October 1986 National Net North National Net Worth Domestic Net Assets with Tenslbles at Current Cost Veer-End Outstandings Veer-End Outstandings 1946 1948 1947 1949 1950 1951 1952 1955 1 555 016 648.847 715.462 747.967 857,568 952.381 1000.585 1044,,116 2 3 4 5 6 425.,181 160, 323 140, 749 68, 938 53,,171 506.771 190.528 171.257 79.877 65.129 564.504 210.672 192.256 85.122 76.254 590.674 225.265 205.761 77.084 86.566 680,469 249.242 226.903 96.135 108.189 758.085 273.009 251.838 108.823 124.415 797.219 288.155 267.074 108.005 155.989 833 ,525 300 ,579 280,,890 109,,083 142,,975 Reproducible assets CI) Residential structures Nonres. plant S equip. • Inventories Consumer durables 7 129,855 142.076 151.158 157.295 177.099 194.296 203.166 210,,591 Land at market values 22,,091 18, 655 8 9 20,,706 4,,817 22.868 12.695 24.599 14,858 24.565 15.944 22.820 16.949 22.872 16.755 23.252 17.374 10 578,,559 684.410 754.699 788,474 897.357 992,008 1041.011 1084 ,862 11 578 559 684.410 754,699 788.474 897.557 992,008 1041.011 Domestic net wor»h by sector: 1084 ,862 Total, all sectors 11 1296 ,067 655 ,044 1152 ,021 510 ,171 158 ,268 28 .558 Private total, consolidated Households Sector basis -Equity In noncorp. bus. -Corporate shares held (4) -Pension fund reserves 12 13 14 15 16 17 12 15 14 15 16 17 800 ,579 395 .789 722 ,598 215 ,177 102 ,090 9 .542 894.109 433.820 784.238 259.659 99.857 10.942 955.886 461.989 824,549 251,368 98.621 12.571 992.806 485,225 860,190 254,222 106,575 14,568 1094,093 528,850 959.906 285.226 130.319 17.511 1188,912 574,358 1051.455 505.956 152.812 20.567 1245.157 606.570 1105.177 307.925 166.498 24.184 18 19 20 129 .598 92 .256 155 .049 145.862 100.855 185.514 155.496 105.088 202.487 159,295 102,074 212,765 171.477 120.160 235.912 181.594 151.550 259.982 185.785 151.336 275.610 189 .905 129 .318 290 .740 21 22 25 24 27 .907 23 .288 9 .542 4 .925 50.278 24.607 10.942 5.271 52.826 25,814 12.571 5,559 55.451 27.148 14.368 8.065 37.694 29.595 17.511 9.412 41.448 31.538 20.367 10.257 45.858 35.540 24.184 11.866 51 .060 35 .463 28 .538 12 .941 25 26 27 28 29 -225 .180 -3 .759 -221 .657 216 -210.850 -5.647 -207.427 244 -205.226 -4.695 -198.785 252 -208.550 -6.459 -202.356 265 -203.277 -8.450 -195,118 291 -199.097 -9.750 -189,659 512 -206.125 -11.935 -194.555 545 -214 .565 -13 .961 -200 .964 560 1.151 2.039 6.521 2.193 1.979 Total consolidated Nonfarm noncorp business Farm business Nonflnanclal corps C2) 18 19 20 Private financial lnsts. (2) Sector basis •Pension fund reserves -Corp. equities held 14) 21 22 23 24 Public sectors: financial assets less llebllltles Stete and local governments U.S. government Sponsored credit agencies Monetary authority 5.360 Unallocated financial assets CI) At replacement cost. C2) Net of foreign direct Investment In U.S. business, but before deduction of foreign holdings of U.S. publlcly-lssued equities. C5) Excludes U.S. holdings of foreign equities. (4) Includes holdings of foreign shares. Data are In millions of dollars. 25 26 27 28 29 50 October 1986 National Net Worth National Net Worth Consolidated Domestic Net Assets with Tangibles at Current Cost Year-End Outstandings Veer-End Outstandings 1954 1 Tangible assets 1957 1955 1958 1961 1959 1090 ,417 11761,215 1283 ,929 1550 ,818 1407,802 1474 ,985 1552 ,701 1584,,556 1 933,,718 342 ,427 319,,968 114,,008 157,,315 1012 ,257 361 ,660 355 ,916 122,,784 171 ,877 1058 ,595 575 ,455 580 ,667 126 ,296 176 ,175 1091 ,811 590 ,946 592 ,660 126 ,245 181 ,962 1159 ,586 409 .688 409 .015 131 .674 189 .009 1175 ,499 425,,962 420,,582 135,,499 195,,656 1207 ,794 441,,560 452,,260 157,,179 196 ,795 2 5 4 5 6 2 3 4 5 6 Reproducible assets (1) Residential structures Nonres. plant S equip. Inventories Consumer durables 864 ,790 317 ,852 293 ,079 1061,779 147 ,080 7 Land at market values 225 ,627 242,,497 2711,692 292 ,225 515 ,991 555 .597 557,,202 576,,542 7 21 ,793 18 ,834 21,,753 19,,532 22,,058 22 ,995 22 ,857 26 ,992 20 ,582 29 ,444 19 ,507 29,,585 17,804 52 ,250 16, 947 56.,058 8 9 Total consolidated domestic net assets ( 2 X 3 ) 1131 ,044 1217,,500 1528,,980 1400 ,667 1457 ,828 1524,.075 1582 ,755 1657,,541 10 Domestic net worth by sector: 11 Total, all sectors 11311,044 1217,,500 1328 ,980 1400 ,667 1457 ,828 1524,,075 1582,,755 1657.,541 11 1828,,658 902,,649 1745,,755 587,,925 578,,451 76,,728 1891.,755 958. 555 1905. 511 398. 179 477. 928 88. 649 8 U.S. gold and SDRs 9 Net claims on foreign C2JC5) 10 12 13 14 15 16 17 Private total, consolidated Households Sector basis -Equity in noncorp. bus. -Corporate shares held (4) -Pension fund reserves 18 19 20 Nonfarm noncorp. business Farm business Nonflnancial corps. (2) 21 22 23 24 Private financial lnsts. (2) Sector basis •Pension fund reserves -Corp. equities held (4) 25 26 27 28 29 Public sectors* financial assets less liabilities State and local governments U.S. government Sponsored credit agencies Monetary authority 30 Unallocated financial assets 1435,,109 705,,670 1351,,600 326, 977 278,,455 40,,498 1545,,867 756,,170 1445,,658 545,,748 296,,041 45,,679 1619 ,844 785 ,109 1455 ,057 557 .928 258 ,668 51 ,552 1695,807 825 .510 1617 ,796 575,,780 360 .070 60,.456 193 ,819 131 ,282 305 ,316 202,,255 134,,110 332,,509 214,,221 141,,427 367 ,469 220 ,655 147 .607 592 ,252 227 .440 157, 555 407,,525 252 ,862 160 ,261 427 ,814 258,,004 161,,205 435,,580 56 ,056 40 ,489 33 ,295 17 ,728 60,,565 44 ,211 40,,498 24,,144 66 ,580 46 ,847 45,,679 25 ,946 74 ,245 48 ,441 51 .552 25 ,550 77 ,979 55 ,904 60,,456 56 .561 85,,885 57,,275 69,,246 42,,654 91,,220 60,,751 76,,728 46,,259 95.,050 67.,786 88. 649 61.,585 21 22 25 24 -223 .928 -17 ,865 -206 ,437 374 -224 ,500 -22,,108 -202,,784 392 -225 ,566 -25 ,471 -198 ,500 405 -226 ,398 -29 ,799 -197 ,042 445 -242 ,508 -54 .596 -208 .190 478 -249 .018 -58,.255 -211 .271 508 -250,,281 -41,,478 -209,,542 559 -260.,090 -45.546 -215.,129 585 25 26 27 28 29 3 ,577 6 ,891 6 ,679 7 ,221 6 ,529 5 ,592 4,,558 CI) At replacement cost. (2) Net of foreign direct investment In U.S. business* but before deduction of foreign holdings of U.S. publicly-issued equities. (3) Excludes U.S. holdings of foreign equities. (4) Includes holdings of foreign shares. Di 12 15 14 15 16 17 1351 ,395 664 ,922 1243 ,038 315 ,911 228 ,910 33 ,295 1767,,699 862,877 1700 ,201 581,,905 586,,175 69 ,246 243.,698 18 166,,109 19 448,,541 20 5.,678 58 October 1986 National Net North National Net North Consolidated Domestic Net Assets with Tangibles at Current Cost Year-End Outstandings 1962 Year-End Outstandings 1963 1964 1965 1966 1967 1968 1645.909 1710.213 1805,223 1919.251 2094,634 2227.247 2436,866 2651.374 Tangible assets 1254,753 459,106 449-563 143,767 202.317 1302,444 471.540 468.552 149.551 212.801 1376.025 502.050 494,943 155,319 223.713 1467.015 526.165 535.711 169.078 236.061 1602,133 567,478 590,951 185,217 258.487 1717.688 596.380 640,677 197,421 283,210 1903.065 667,831 709,247 211.770 314,217 2092.829 731,905 784.783 232,411 343.730 391.156 407.769 429.198 452.236 492.501 509,559 533,801 558.545 16.057 39.184 15,596 42.078 15,471 49.268 13.806 55.241 13.235 58.246 12,065 61.809 10,892 65,637 1869.962 1988,298 2301.121 , 2513,395 2728,541 1701.150 Reproducible essets (1) Residential structures Nonres. Plant * equip. Inventories Consuawr durables Land at market values 11,859 U.S. gold end SORs 65,308 Net claims on foreign (2X3) Totel consolidated domestic net assets (2X3) 1701,150 1767,887 1869,962 1988,298 2166,115 2301,121 2513,395 Domestic net worth by sector: 2728,541 Total, all sectors 17 1964,749 973.979 1893,522 410,087 416,161 93.295 2034.764 1014.186 2030,309 421.757 488,677 105.689 2142,848 1075,582 2168.315 436.950 535,586 120,197 2262,377 1138,522 2332,380 458,435 600,373 135,050 2441,781 1236,332 2405,859 485,425 540,780 143,322 2596,061 1336,724 2678,923 502.070 676.129 164,000 2819,290 1476,916 3000.502 532.693 806.694 184.199 18 19 20 3026,982 1587,373 3038,111 558,984 698,561 193,193 250.894 171,175 462,225 256.994 177,165 476,090 266,705 183.059 499.040 276,059 196,103 528,313 296,043 203,637 568,421 303,449 213,571 605.394 323.959 224.445 650.956 21 22 23 24 342,077 233,233 709,697 Nonferm noncorp. business Farm business Nonflnanclal corps. (2) 106,476 71,098 93,295 57,917 110.329 75.285 105.689 70.645 18 19 20 118.462 81.814 120.197 83.549 123,380 87,106 135,050 98,776 137,348 88,427 143,322 94,401 136.923 95.221 164.000 122,298 143,014 103,956 184,199 145,141 154,602 102,440 193,193 141,031 Private financial lnsts. (2) Sector basis ^Pension fund reserves -Corp. equities held (4) 21 22 23 24 25 26 2/ 28 29 -267,824 -48.838 -219,626 640 -271,298 -50,857 -221,140 699 -278,035 -53,899 -224,884 748 -281,816 -56,804 -225,815 803 -287,473 -59,267 -229,055 849 -305.667 -64.070 -242,488 891 -320,242 -69,184 -251,964 906 -323,781 -79,181 -245,541 941 30 4,225 4,421 7,737 11,807 10,727 14,347 12 13 14 15 16 Private total, consolidated Households Sector basis -Equity In noncorp. bus. -Corporate shares held (4) -Pension fund reserves 16 17 Public sectors: flnenclel assets less liabilities 25 State and local governments 26 U.S. governaient 27 Sponsored credit agencies 28 Monetary authority 29 25,340 Unallocated financial assets (11 At replacement cost. (2) Net of foreign direct Investment in U.S. business, but before deduction of foreign holdings of U.S. publicly-Issued equities. (3) Excludes U.S. holdings of foreign equities. (4) Includes holdings of foreign shares. Data are in millions of dollars. 11 12 13 14 15 30 October 1986 National Net North National Net Worth Consolidated Domestic Net Assets with Tangibles at Current Cost Year-End Outstandings Year-End Outstandings 1974 1 Tangible assets 2827.471 $078,595 5394.871 4570,868 6*79,123 5554.240 6317,385 1 2 3 4 5 6 Reproducible assets (1) Residential structures Nonres. plant 8 equip. Inventories Consumer durables 2250 ,065 772 .214 865 .151 240 .286 372 .454 2462 .556 860 .459 950 .521 257 .845 393 .751 2707 ,997 964 ,656 1055 ,065 285 .592 424 ,684 5090 ,652 1109 ,890 1157 ,661 552 .581 470 .500 5652 ,312 1262 ,175 1422 ,612 425 ,346 544 ,179 5959 .007 1565 .500 1570 ,979 428 .829 595 .699 4558 ,209 1552 ,555 1709 .871 463 .252 652 .755 4912 .136 1785 ,154 1895 ,798 505 .687 725 .497 2 5 4 5 6 7 Land at market values 577 .406 616 ,059 686 .874 815 ,708 918 556 1020 ,116 1196 ,051 1405 ,249 7 11 ,925 66 .642 11 .506 56 ,759 12 .445 52 ,540 15 ,818 57 ,184 14 .026 57 ,555 15 ,954 84 ,853 15 .995 104 .462 14 .348 86 .621 8 9 Total consolidated domestic net assets ( 2 X 3 ) 2906 ,056 5146 ,640 5459 ,856 5977 ,542 4642 ,449 5077 ,890 5672 .695 Domestic net worth by sector: 11 Total, all sectors 2906 .056 5146 .640 5459 .856 5977 .542 4642 ,449 5077 ,890 5672 .695 6418 ,554 11 12 13 14 15 16 17 3218 ,664 1698 .666 5169 • 284 577 .158 681 .805 211.• 657 3485 ,999 1854 ,595 5494 ,856 617,,657 777,.560 245,.224 5811 ,471 2025 ,911 5860 .207 682,.455 861,.669 290,.174 4526 ,454 2254 ,561 4019,.586 807,.427 665, 091 294, 507 5054 ,596 2544 .309 4209 ,101 907 ,043 459 ,256 298 .515 5536 ,056 2772 .057 4760 .581 1000,.726 598, Oil 589,.787 6185 ,551 5097 ,908 5587,.675 1152,.054 707, 541 450..170 6970,,006 5498,.155 5940,.024 1282,.668 665,261 495. 940 742. 029 18 581. 552 19 1750.889 20 8 U.S. gold and SDRs 9 Net claims on foreign (2)(3) 10 Private total, consolidated Households Sector basis -Equity in noncorp. bus. -Corporate shares held (4) -Pension fund reserves 6418 ,554 10 12 15 14 15 16 17 18 19 20 Nonfarm noncorp. business Farm business Nonflnanclal corps. (2) 354,486 239, 452 763, 601 577, 457 258, 501 855. 751 409. 767 295.211 907. 962 462. 594 570. 788 1024.213 553, 276 401..900 1295. 789 575. 945 458. 906 1441. 612 659.532 529.594 1587.534 21 22 25 24 Private financial insts. (2) Sector basis •Pension fund reserves -Corp. equities held (4) 162.479 101. 185 211, 657 150,561 161. 955 112.281 245.224 195,570 174.620 121.855 290, 174 257,409 214.298 124.810 294, 507 204,819 261. 522 121. 063 298.515 158.254 289,558 115,912 589,787 216, 161 528, 763 155.556 450, 170 254,963 397,601 148,651 495,940 246,970 21 22 25 24 -340,879 -85.855 -257,982 958 -574,541 -95,906 -281,488 1,055 -591. 191 -95,772 -298,618 1,199 -595,874 -90,610 -304,724 1,460 -410.593 -95,845 -316,676 1,928 -492,583 -105,541 -591,441 2, 199 -548,522 -101.787 -449,065 2,550 -588,150 -85,975 -505,042 2.885 25 26 27 28 29 54,982 59,576 44, 762 18,446 54,417 57,686 25 26 27 28 29 Public sectors* financial assets less liabilities State and local governments U.S. government Sponsored credit agencies Monetary authority 30 Unallocated financial assets - 28.251 (I) At replacement cost. (2) Net of foreign direct Investment In U. but before deduction of foreign holdings of U.S. publicly-issued equities. (3) Excludes U.S. holdings of foreign equities. (4) Includes holdings of foreign shares. 36,478 SO October 1986 National Net North National Net North Consolidated Domestic Net Assets with Tangibles at Current Cost Veer-End Outstandings Year-End Outstandings 1979 1980 1981 1982 1984 1985 1 7403,577 8495 .282 9575 ,437 10627 ,649 19758,,408 11552, 331 12175 ,111 12561 .060 2 3 4 5 6 5703 ,478 2095 ,090 2199 ,699 588 ,227 820 .462 6466 ,612 2407 ,398 2459 ,108 674 ,812 925 ,294 7243,,127 2676,,405 2807,,427 739, 326 1019, 969 7989 ,046 2928 ,454 3175 ,130 788 ,988 1096 ,474 8155, 359 2893, 937 3348.274 771.459 ! 141,689 8592, 950 3112, 749 3450,406 822. 913 1206,882 9122 .521 3307 ,652 3628 ,311 894 ,142 1292 ,416 9504 ,598 3435 ,123 3771 ,757 904 ,422 1393,,296 Reproducible assets (1) Residential structures Nonres. plant S equip. .Inventories Consumer durables 7 1700 ,099 2028 ,670 2332. 310 2638 ,603 2603.049 2959.581 3052,,590 3056, 462 Land at market values 8 9 13,229 92,590 13,896 115,,941 13, 770 136. 769 15,,246 172. 248 16.39# 180, 115 16,146 146,706 16,- 737 55,843 18, 383 -41,489 on foreign (2)(3) 9725.976 10815.143 10954.921 11715.183 12247.691 Total consolidated 12537.954 domestic net assets ( 2 X 3 ) 10 11 7509 .396 8625 ,119 9725 ,976 10815 ,143 10954.921 11715 ,183 12247 ,691 Domestic net worth by sector: 12557 .954 Total, all sectors 12 13 14 15 16 17 8079 .959 4006 .623 6788 .723 1533 .052 675 .282 573 .766 9230 ,305 4504 ,458 78201,881 181f,002 820 ,662 679 ,759 10434 ,992 4991 ,548 9028 ,223 2096 .256 1102 ,950 837 ,469 11590 .788 5534 .678 9815 ,890 2323 ,429 1056 ,233 901 ,550 11910.813 5662,800 10240,126 2347,109 1175.721 1054,496 12866 ,418 6280 ,648 11303 ,532 2452 ,571 1324 ,032 1246 ,281 13629 ,378 6817 ,256 11958 ,684 2465 ,957 1328,,240 1347 ,231 14137 .311 7261 ,929 12951 ,140 2455 ,807 1666 ,455 1588 ,949 18 19 20 894 .043 687 .106 2004 .093 1078 ,466 793,,049 2273, 469 1285 ,159 872 ,147 2603 ,879 15271,903 855 ,404 2898,,139 1594,238 809,539 2995,626 1713 ,668 794 ,519 3144 ,759 1822, 918 691, 440 3219. 521 1866 ,255 610,,292 5254,,416 Nonfarm noncorp business Farm business Nonflnanclal corps (2) 18 19 20 21 22 23 24 488 ,094 179 ,485 573 ,766 265 ,157 580,,863 211, 58 679, 759 310. 554 682 ,259 249 ,537 837,,469 404,,747 774,,664 257, 216 901, 550 384. 102 848,610 262,774 1054,496 468,660 932 ,824 287, 512 1246,,281 600,,969 1078. 243 329, 076 1347,251 598 064 1164, 459 368. 255 1588. 949 792, 745 Private financial Insts. (2) Sector basis •Pension fund reserves -Corp. equities held C4) 21 22 23 24 25 26 27 28 29 -623.669 -83.623 -543.451 3.405 -653,412 -88,707 -568,666 3,961 -727.199 -97.266 -634.231 4.298 -794.726 -97.509 -702.013 4.796 -933.047 -97,292 -841,858 6,103 -1122.910 -94,504 -1035,376 6.970 -1293.019 -76.423 -1224.433 7.837 -1495.984 -66,156 -1436,222 6,394 19.081 -22,845 30 Private total, consolidated Households Sector basis -Equity In noncerp. bus. -Corporate shares held (4) -Pension fund reserves Public sectors: financial assets less liabilities State and local governments U.S. government Sponsored credit agencies Monetary authority -103,373 Unallocated financial assets CI) At replacement cost. (2) Net of foreign direct investment In U.S. business, but before deduction of foreign holdings of U.S. publicly-issued equities. (3) Excludes U.S. holdings of foreign equities. (4) Includes heldings of foreign shares. Dei 12 13 14 15 16 17 25 26 27 28 29 38 October 1986 Tangible Asset Holdings Tangible Asset Holdings Distribution of Tangible Assets by Sector Year-End Outstandings Year-End Outstandings 1948 1 Total holdings of tangibles 2 Households&nonprofit insts. 3 Farm business 4 Nonfarm noncorp. business 5 Nonfarm nonfinan. corps. Financial corporations 6 553 .016 167 .369 92 .650 121 .767 168 ,746 2 ,484 648 ,847 204 ,996 100 .763 138 .660 201 ,369 3 ,059 715 ,462 235 ,189 103 ,923 149 ,067 223 ,968 3 ,315 747 ,967 258 .429 103 .919 152 .572 229 ,646 3 ,401 857 ,568 305 ,993 123 .313 165 ,420 259 ,057 3 ,785 952 ,581 346 ,847 136 ,167 175 ,759 289 ,538 4 ,270 1000 ,385 373 .694 136 ,901 179 ,962 305 ,376 4 ,452 7 Plant and equipment CI) 8 Nonprofit Institutions 9 Farm business 10 Nonfarm noncorp. business 11 Nonfarm nonfin. corporations 12 Financial corporations 140 ,749 8 ,230 9 ,003 18 .466 102 ,828 2 ,222 171 ,237 10 .036 11 .918 22 .884 123 ,675 2 ,724 192 ,256 10 ,855 14 ,536 25 ,727 138 ,191 2 ,947 205 ,761 11 ,291 16 .462 26 .796 146 .192 5 ,020 226 • 90S 12 ,957 19 .007 30 ,090 161 .498 3 ,551 251 .838 14 .806 21 .440 33 .166 178 .656 3 ,770 267 ,074 15 ,790 22 ,750 34 .122 190 .495 3 ,919 280 ,890 7 16 .502 8 23 .365 9 35 .264 10 201 ,575 11 4 ,184 12 13 Residential structures CI) 14 Households: owner-occupants 15 Nonprofit institutions 16 Farm business 17 Nonfarm noncorp. business 18 Nonfarm nonfin. corporations 160 ,323 85 .075 3 .807 13,.158 54 ,867 3 ,416 190 .528 104 ,520 4,,304 15,,191 62 581 3, 932 210 .672 119 ,611 4,,504 16,,266 66,,072 4,,219 225 .265 129 .997 4,,575 16,,841 67,,467 4, 585 249 ,242 150 ,019 4,,816 17,,957 71,,745 4,,725 275 ,009 168,,748 5,,029 18,854 75,,397 4,,981 288,,155 182,,250 5,,077 19,,121 76,,656 5,,069 300 ,579 194,,135 5 ,099 19,,151 77, 081 5, 115 15 14 15 16 17 18 68, 938 19, 639 8,889 40, 410 79,877 21, 038 10. 362 48. 477 85, 122 19, 304 11, 999 53.819 77, 084 16, 664 11,,055 49. 587 96, 155 22,454 15.462 60.219 108,,825 24. 908 14,215 69, 700 108,,005 25, 507 15.882 70.814 109,085 21. 995 14,378 72,710 19 20 21 22 19 Inventories (2) 20 Farm business 21 Nonfarm noncorp. business 22 Corporations 23 Consumer durables Chouseholds) 24 Land at market value 25 Households&nonprofit lnsts. 26 Farm business 27 Nonfarm noncorp. business 28 Nonfarm nonfinan. corps. 29 Financial corporations (1) At replacement cost. C2) At year-end prices. Data are In millions of dollars. % 1044 .116 397 .837 134 ,589 184 ,512 322 ,385 4 ,793 I 2 3 4 5 6 53, 171 65. 129 76.254 86.566 108, 189 124,415 155,989 142,973 23 129.835 17.086 50.850 39.545 092 262 142,076 21, 007 52,616 42,833 25,285 335 151. 158 23, 965 53,817 45,269 27, 759 568 157.295 26,002 55,952 47,276 29,682 581 177,099 50,012 65,915 50, 125 52,615 454 194,296 55,849 70,965 52, 981 56,001 500 203, 166 36,588 71,725 55,522 59,000 555 210,591 39, 128 70,078 57, 789 42,987 609 24 25 26 27 28 29 October 1986 Tangible Asset Holdings Tangible Asset Holdings Distribution of Tangible Assets by Sector Year-End Outstandings 1954 Year-End Outstandings 1955 1956 1957 1958 1959 1960 1961 1 2 3 4 5 6 1090 ,417 422 ,088 137 ,453 189 ,980 335 ,722 5 ,174 1176 ,915 460 ,448 141 ,796 200 ,657 367 ,317 5 ,997 1283 ,929 504 ,056 150 ,158 212 ,549 410 ,238 6 ,928 1350 ,818 526 ,747 157 ,663 219 ,296 439 ,521 7 ,591 1407 ,802 551 ,987 168 .849 225 ,664 453 ,142 8 ,160 1474 ,983 581 .117 174 ,712 233 ,370 476 ,880 8 ,904 1532 ,701 611 ,811 177 ,182 240 ,944 493 .209 9 ,555 7 8 9 10 11 12 293 ,079 17 ,577 23 ,670 36 .426 210 ,965 4 ,441 319 ,968 19 ,639 24 .810 40 .303 230 ,103 5 ,113 355 ,916 22 ,090 25 ,902 44 ,579 257 ,504 5 ,841 380 ,667 23 .677 26 ,371 46 ,993 277 ,332 61,294 392 ,660 25 ,029 26 ,867 48 ,120 285 .999 6 ,645 409 ,015 26 ,594 27 ,487 50 .098 297 ,664 7 .172 420 ,382 28 .148 27 .590 51,,270 305 ,767 7,,607 432 .260 Plant and equipment (1) 7 30 .386 Nonprofit institutions 8 27 .960 Ferm business 9 52 ,717 Nonfarm noncorp. business 10 313 .132 Nonferm nonfin. corporations 11 8 ,065 Financial corporations 12 13 14 15 16 17 18 317,,852 209,,632 5,,193 19,,342 78 ,479 5 ,206 342 ,427 231,,005 5,,369 19. 439 81,,055 5,,359 3611,660 248 ,279 5,,517 19 ,759 82 ,643 5,,462 375 ,455 261,,335 5,,626 19,,610 83 ,342 5,,542 390 .946 275,,396 5 ,801 19,,437 84,,562 5,,750 409 ,688 291 ,490 6 ,035 19,,382 86,,705 6,,076 425,,962 305,,663 6,,241 19,,235 88,,475 6, 348 441 ,560 Residential structures (1) Households: owner-occupants 318,,004 6,,564 Nonprofit institutions Farm business 19,,186 Nonfarm noncorp. business 91,,048 6,,758 Nonfarm nonfin. corporations 13 14 15 16 17 18 19 20 21 22 106.,779 21,,245 14,,276 71,,258 114,,008 19, 933 If, 155 78, 920 122 ,784 19 ,939 15,,890 86 ,955 126,,296 21,,155 16 370 88,,771 126,,243 22, 584 16,,886 86, 773 131,,674 22,,060 16,881 92,,733 135, 499 23, 291 16, 618 95, 590 137,,179 Inventories (2) Farm business 23,815 Nonfarm noncorp. business 15,599 Corporetions 97, 765 19 20 21 22 1584 ,336 Total holdings of tangibles 633 ,963 Households&nonprofit lnsts. 183 ,700 Farm business 247 ,608 Nonfarm noncorp. business 508 ,781 Nonfarm nonfinan. corps. 10 ,284 Financial corporations 1 2 3 4 5 6 23 147 ,080 157, 315 171,,877 176, 175 181, 962 189,,009 193, 656 196, 795 Consumer durables (households) 23 24 25 26 27 28 29 225,,627 42, 606 73, 196 60,,799 48, 293 733 242, 497 47, 120 77,414 64, 144 52, 935 884 271,,692 56,,293 84,,558 69, 437 60,,317 1,087 292, 225 59, 934 90,527 72,591 67,876 I,297 315.991 63. 799 99, 961 76. 096 74, 620 1,515 335, 597 67, 989 105, 783 79, 686 80,407 1,732 357, 202 78, 103 107, 066 84,581 85,504 1,948 376,542 Land at market value Households&nonprofit lnsts. 82. 214 Farm business 112. 739 88,244 Nonfarm noncorp. business Nonfarm nonfinan. corps. 91, 126 Financial corporations 2.219 (1) At replacement cost. (2) At year-end prices. Date are in million# of dollars. 24 25 26 27 28 29 October 1986 Tangible Asset Holdings Tangible Asset Holdings 8 Distribution of Tangible Assets by Sector Year-Eftd Outstandings " 1962 1963 1964 1965 1966 Year-End Outstandings 1967 1968 1969 1 Total holdings of tangibles 2 Households&nonprofit lnsts. 3 Farm business 4 Nonfarm noncorp . business 5 Nonfarm nonfinan. corps. 6 Financial corporations 1645 ,909 659 .496 190 ,936 257 ,071 527 ,068 11 .338 1710 .213 684 .885 200 .378 265 .372 547 .341 12 .237 1805 ,223 727 .082 208 .669 279 .761 575 .984 13 .727 1919 .251 766 .263 225 .280 294 .810 617 .322 15 .576 2094 ,6** 844 .294 236 .207 319 .046 677 .610 17 .477 2227 .247 899 ,889 248 .881 332 .654 726 .638 19 .185 2436 .866 1002 .422 260 .969 361 .384 789 .967 22 .124 7 Plant and equipment (1) 8 Nonprofit institutions 9 Farm business 10 Nonfarm noncorp., business Nonfarm nonfin. corporations 11 Financial corporations 12 449 ,563 33 ,032 28 ,753 54 .996 323 ,884 8 ,898 468 .552 35 .774 29 .886 57 ,644 335 ,633 9 ,615 494 ,943 38 .729 31 .107 61 ,148 353 ,116 10 ,843 535 .711 42 .782 33 .313 66 .192 380 .964 12 .460 590 ,951 47 .686 36 .105 72 .705 420 ,267 14 ,188 640 .677 51 .320 38 .600 77 .454 457 .368 15 ,935 709 .247 57 .599 41 ,838 85 ,050 506 .007 18 .753 784 .783 7 64 .763 8 45 .609 9 94 .332 10 558 .739 11 21 .340 12 13 Residential structures (1) 14 Households: owner-occupants 15 Nonprofit institutions 16 Farm business Nonfarm noncorp. business 17 18 Nonfarm nonfin. corporations 459 ,106 330 ,988 7 ,129 19,, 091 94,,537 7, 361 471 ,540 339 ,884 71,513 18 ,795 i 97, 334 8..014 502 ,050 361 ,593 8,,303 19,,129 104,.041 8, 984 526 .165 378 ,819 9 ,034 19 ,179 109,,329 9,,804 567 ,478 408 ,411 10,,047 20,,0M 118,.118 10,.891 596 ,380 429 ,580 10 ,681 20,,517 123,,952 11,.650 667 .831 480 .332 12 ,042 22,,070 139,,706 13,,681 731 ,905 524 ,443 13 ,167 23,,387 155,,010 15,,898 13 14 15 16 17 18 19 Inventories (2) 20 Farm business Nonfarm noncorp. business 21 Corporations 22 143. 767 25, 206 15, 780 102, 781 149, 551 25, 743 15. 129 108, 679 155. 319 24, 452 15, 089 115, 778 169,,078 28, 043 15.838 125. 197 185. 217 27, 447 16, 329 141,441 197. 421 27. 944 17, 102 152, 375 211,.770 29, 138 17. 624 165, 008 232,.411 31.815 18. 346 182. 250 19 20 21 22 23 Consumer durables (households) 202, 317 212,801 223. 713 236, 061 258.487 283. 210 314.217 343. 730 23 24 Lend at market value 25 HouseholdsSnonprofit lnsts. 26 Farm business Nonfarm noncorp. business 27 Nonfarm nonfinan . corps. 28 Financial corporations 29 391, 156 86, 030 117.886 91, 758 93, 042 2,440 407. 769 88. 913 125. 954 95.265 95. 015 2. 622 429, 198 94. 744 133. 981 99.483 98, 106 2,884 452. 236 99. 567 144, 745 103.451 101. 357 3» 116 492. 501 119. 663 152, 644 111.894 105. 011 3.289 509. 559 125. 098 161.820 114. 146 105.245 3.250 533.801 138.232 167. 923 119. 004 105.271 3, 371 558.545 150. 331 171. 067 124.631 108. 925 3.591 CI) At replacement cost. (2) At year-end prices. Data are in millions of dollars. 2651 .374 1096 .434 271 .878 392 .319 865 .812 24 .931 1 2 3 4 5 6 24 25 26 27 28 29 October lies TenelH# Asset Meldln#: 9 Distribution ef Tenslble Assets by Setter Veer-End Outstandings 1*70 Veer-End Outstanding* 1*71 1*72 1*75 1*74 1*75 1*74 1*77 I 2 5 4 5 4 2827 ,471 1147 ,540 27* ,930 417 ,227 934 ,953 27,821 3078 5*5 1278 ,0*1 302 ,1*0 458 ,444 1008 ,425 31 ,445 33*4,871 1411 .741 341 .87* 517 ,207 108* .252 34 .772 3904 ,340 1410 ,115 427 ,321 597 .244 1231 .514 40 124 4570 ,848 1844 ,295 446 ,032 487 .699 1521 .038 49 .804 4979.123 1999-707 531.343 741,703 1651.681 54.669 5554 ,240 2253 .408 611 .498 822 ,646 1805 .605 61 .083 6517 ,385 Totel holdings of tenglbles 2614 .292 HouseholdsSnonprofIt lnsts. 675 .716 Farm business 953 .995 Nonfarm noncorp. business 2004 .344 Montana nonflnen. corps. 69 ,058 Financial corporations 7 8 * 10 11 12 845 131 71 ,722 4$ ,228 104,,299 415..785 24.,097 950 ,521 80 ,703 53 .441 115 .702 472 ,*37 27 538 1033 .045 88 .782 5* ,034 124 ,814 727 ,758 30. 477 1157 ,441 98 ,473 44,,380 143 ,735 813.,2*5 35 ,778 1422 .412 115 ,495 82 ,745 172 865 1006 ,557 44 ,950 1570.979 120,886 90,914 184,819 1124,220 50,140 1709 .871 129 .743 101 ,589 197 ,423 1224 ,508 56 ,408 1895 ,798 Plant and equipment (1) 7 141 ,601 Nonprofit Institutions 8 114 ,559 Fsrm business 9 219 ,394 Nonferm noncorp. business 10 1354,,144 Nonfarm nenfln. corporations 11 64,,100 Financial corporations 12 IS 14 15 14 17 18 772, 214 551,874 13, 720 23, **8 145, 104 17" 514 8401,45* 414 ,337 14, *34 25 ,515 185 ,471 20,,200 *64. 454 487.,415 14.,802 27. 145 212, 013 21, 241 1109,890 791. 480 19,,450 29, 70S 244, 015 23, 042 1242.,175 902.,948 21 ,899 33. 620 278.,794 24.,914 1343,500 978,440 23,842 35,656 299,525 25,837 1532 >333 1106,,144 26,,691 38 ,804 333,,078 27.,616 1785.,154 Resldentlel structures (1) Households* owner-occupents 1294.,125 30.,820 Nonprofit institutions Farm business 43.,801 Nonfarm noncorp. business 584,,099 Nonfsrm nenfln. corporetlons SO,.509 1* 20 21 22 240,284 31, 074 19, 134 1*0,074 257,845 ,441 21, 471 200,,733 285, 5*2 44, 2** 24, 014 217, 27# 352,581 45,454 27, 309 25*4116 423, 346 42 431 29,,600 331, 315 428,829 44.301 27,281 337,247 443 ,252 40.,170 27,,910 375,,172 23 172,434 393, 731 424, 484 470,500 544,.17* 5*5,49* 452, 753 24 25 24 27 28 2* 577,404 157, 790 175, 428 128,>488 111,574 3..724 414,03* 174, 384 187,5** 135, 400 114,555 s.*07 4#4,874 1*4, 078 211, 381 154, 344 122. 954 4, 095 81$, 708 230, 012 245, 782 180,207 135,341 4, 344 *18,5*6 241. 774 287,236 204,440 158,252 4,854 1020,116 280,640 340,492 230,078 164,377 4,52* 1194,031 338, 077 410, 935 244, 055 178, 309 4, 675 505, 487 Inventories C2) 59 504 Ferm business Nonferm noncorp. business 29.454 Corporetlons 414, 929 13 14 15 16 17 18 1* 20 21 22 725,497 Consumer durables (households) 25 1405,249 Lend et merket velue Mouseholds&nonprof1t lnsts. 420.249 458,052 Ferm business Nonferm noncorp. business 521,048 200,942 Nonferm nonflnen. corps. 4, 938 Finenclal corporetlons 11) At rttltciaciit cost. 12) At veer-en# prices. Date ere s* m&llle#* e# sellers. 1 2 3 4 5 6 24 25 26 27 28 2* October 198* Tangible Asset Holdings Tangible Asset Holdings Distribution of Tangible Assets by Sector 10 Year-End Outstanding! Year-End Outstandings 1978 1979 1980 1981 1982 1983 1984 1985 12561 .060 5101 .671 763 .904 2470 .991 4062 .333 162 .161 1 2 3 4 5 6 1 Total holdings of tangibles HouseholdsSnonproflt lnsts. 2 3 Farm business 4 Nonfarm noncorp. business 5 Nonfarm nonflnan. corps. 6 Financial corporations 7403 .577 3077 .067 796 .638 1136 .511 2311 .049 82 .312 8495 .282 3505 .641 925 .191 1353 .885 2618 .467 92 .098 9575 .437 3874 ,877 1018 .530 1587 .847 2988 .346 105 .837 10627 .649 4257 .978 1021 .480 1857 .278 3370 .840 120 .073 10758 .408 4165 .300 981 .010 1954 .022 3528 .874 129 .202 11552 .331 4614 .510 968 .296 2150 .595 3682 .173 136 .757 12175 .111 4889 .393 862 .021 2351 .610 3922 .552 149 ,535 7 Plant and equipment (1) 8 Nonprofit institutions 9 Farm business Nonfarm noncorp. business 10 Nonfarm nonfin. corporations 11 Financial corporations 12 2199 .699 167 .725 133 .912 260 .593 1560 .828 76 ,641 2459 .108 175 ,421 149 .838 291 .896 1755 ,579 86 ,374 2807 .427 193 ,848 167 .397 336 ,461 2010 ,371 99 ,350 3175 ,130 212 ,434 181 ,202 3911,737 2277 ,016 112,,741 3348 .274 217 .772 181 .865 420 .209 2406 ,915 121 ,513 3450 ,406 233,,395 184,,328 435 ,059 2469,,044 128,,580 3628 ,311 246,,434 183,,232 463,,710 2594,,319 140,,616 3771 .757 7 251 .042 8 177 ,896 9 489 ,046 10 2700 ,764 11 153,,009 12 13 Residential structures (1) Households: owner-occupants 14 Nonprofit Institutions 15 Farm business 16 Nonfarm noncorp. business 17 Nonfarm nonfln. corporations 18 2095 ,090 1527 ,137 35 ,898 49 ,624 448 ,918 33 ,513 2407 ,398 1734 ,013 41 ,359 54 ,431 540. 884 36 ,711 2676 ,405 1902 ,860 46 ,487 59, 241 628,.290 39,.527 2928,,454 2062,.051 50,.956 63,.118 710, 350 41..979 2893 ,937 2017 ,467 50,,559 61,,872 722,,790 41, 249 3112,,749 2187,,547 53 .263 63,.752 765,.267 42,.920 3307, 652 2307,.488 57,.079 65,.617 832, 234 45. 234 3435 ,123 2380,.511 59,.770 65,.440 882,.700 46,.702 13 14 15 16 17 18 588 227 73, 686 32, 724 481,817 674,.812 80, 675 34..882 559 .255 739, 326 84. 514 33. 996 620.816 788. 988 81. 554 33.496 673. 938 771,.459 79,248 33 .710 658..501 822. 913 79. 365 35. 723 707.825 894. 142 81,208 39. 673 773.261 904,422 74. 034 41.867 788.521 19 20 21 22 19 Inventories (2) Farm business 20 Nonfarm noncorp. business 21 Corporations 22 23 Consumer durables (households) 24 Land at market value HouseholdsSnonproflt lnsts. 25 Farm business 26 Nonfarm noncorp. business 27 Nonfarm nonflnan. corps. 28 Financial corporations 29 CI) At replacement cost. (21 At year-end prices. Data are In al111ens a# dollars• 820. 462 925.294 1019. 969 1096.474 1141. 689 1206,882 1292.416 1393,296 23 1700. 099 525.845 539.416 394.276 234.891 5. 671 2028. 670 629.554 640.247 486.223 266. 922 S. 724 2332.310 711. 713 707.378 589. 100 317.632 6,487 2638.60S 836. 063 695.606 721.695 577.907 7.332 •2603.049 737.813 658 025 777. 313 422.209 7.689 2959.381 933.423 64<T.851 914.546 462.384 8, 177 3052.590 985. 976 531. 964 1015.993 509. 738 8. 919 3056.462 1017.052 446.534 1057.378 526. 346 9. 152 24 25 26 27 28 29 October 1986 Households Households Sector Balance Sheets with Tenslble Assets et Current Cost jj Veer-End Outstandings 1946 Year-End Outstandings 1947 1948 1949 1950 1951 1952 1953 Households. Personal Trusts, and Nonprofit Organizations 1 167 .369 204,996 235,189 258,429 305,993 346.847 373 ,694 397,837 Tengible assets 1 2 3 4 5 6 7 150 ,283 88 882 85 ,075 3 ,807 8 ,230 53 ,171 183,989 108,824 114.520 4.304 10.036 65.129 211.224 124.115 119.611 4.504 10.855 76.254 232,427 134.570 129,997 4.573 11.291 86.566 275,981 154.835 150.019 4.816 12.957 108.189 312,998 173,777 168.748 5.029 14.806 124.415 337 ,106 187 ,327 182 ,250 5 ,077 15 .790 133 .989 358,709 199.234 194.135 5.099 16.502 142,975 2 3 4 5 6 7 8 9 10 17 ,086 15.,313 1,,773 21.007 18,814 2,193 23.965 21.530 2.435 26.002 23.399 2.603 30.012 27.003 3.009 33.849 30.375 3.474 36 .588 32 .805 3 .783 39.128 34.944 4.184 11 593, 969 626.260 644.501 12 13 14 15 16 211, 443 59, 723 56, 264 215.572 58.341 59,654 217,513 55.608 61.824 68 57 77 155 163 250 320 316 17 18 19 20 21 95, 388 66, 324 44, 151 22, 141 32 97.520 67.463 46.236 21.138 89 100.004 67.777 47.837 19.722 218 102,119 68.847 49.300 19.388 159 102,018 68,244 49,552 18,538 154 102.698 67.351 49.081 17.959 311 105 ,905 67 .835 49 ,173 18,,404 258 22 23 24 25 6.504 8,837 65 13. 658 6,946 8.040 73 14,998 7.952 7.967 158 16,150 8.643 7.541 205 16.863 9,191 6,764 288 17,531 9.529 6.973 420 18.425 26 27 28 103,387 1.297 102. 090 101.249 1.412 99.837 100,136 1.515 98,621 109.445 3.070 106.375 133,663 3,344 130,319 29 30 43, 360 12.815 46.510 15.038 49,353 17.490 52,104 20,327 31 215, 177 239.139 251.368 32 33 733 7,054 660 7.592 654 7.987 34 761,338 831.256 Reproducible assets Residential structures Owner-occupied housing Nonprofit institutions Nonprofit plant 8 equip. Consumer durables Land Owner-occupied Nonprofit institutions 8 9 10 665.512 730.909 790.621 830 ,016 845.911 Total financial assets 11 220.355 53,738 64,343 225.054 56.145 66.728 234.626 60.299 71.379 247 ,685 62 ,349 79 ,113 260.885 63.472 87.262 Deposits t cr. mkt. lnstr. Checkable deposits & curr. Small time & savings dep. Money market fund shares Large time deposits 12 13 14 15 16 109.855 68.494 49,371 19.028 95 Credit market instruments U.S. govt, securities Savings bonds Other Treasury Issues Agency issues 17 18 19 20 21 11,545 6,,970 466 19,,089 15.575 7.031 854 20.081 State 1 local obi. •Corporate 1 fgn. bonds Open-market peper Mortgages 22 23 24 25 156.295 3.481 152.812 170,429 3, 951 166,498 162.414 4.146 158.268 Corporate equities Mutual fund shares Other corporate equities 26 27 28 55,049 24,254 57.777 27.820 60, 665 32,595 63.647 57.479 Life insurance reserves Pension fund reserves 29 30 254,222 283,226 303.956 307, 925 310.171 Equity in noncorp. business 51 702 8,357 971 8,692 895 9.276 714 10,005 708 10.609 Security credit Miscellaneous assets 52 33 879.690 923,941 1036,902 1157.468 1205, 710 • 1245.748 Total assets 34 35 38. 740 47.018 55.141 65,751 76,996 86.015 98,555 111,727 Total liabilities 35 36 37 38 39 40 41 35. 171 21.607 642 43.632 26.266 831 51.908 30,862 1.130 60,144 35.284 1,515 72,519 41,998 1,978 81.502 48,622 2,490 95. 669 54.854 2. 955 106.229 62.458 5,442 4.435 6.301 7.092 7,342 9.514 8,125 12,232 8,589 15,503 10.100 16.220 11.009 20.470 12.058 24,254 12,437 36 37 38 39 40 41 42 43 178 2.008 51 2.0S0 95 2,182 143 2,381 369 2,571 396 2.765 472 2. 902 508 5.150 44 45 2. 195 671 1,831 771 1,547 851 1,819 884 2,519 951 2.595 1.054 2.569 1. 155 5,052 1,212 46 70S 784 835 904 1,007 1.086 1,162 1,254 47 722.598 784,238 824.549 860.198 959.906 1051.455 1105. 177 48 100.*88 123,334 141.141 IS*.39* 177.822 199.125 215.055 49 21.52* 21*294 21*864 23*001 2*.724 24*418 25*497 SO $4,566 $7,533 37.856 84.92* 39.833 41.557 42. 178 Data ere in el111ens of dollars. Credit market Instruments Home martoagas Other mortgages Tax-exempt securities Installment cons, credit Other cenaumer credit Bank loana n.e.c. Other loana Security credit Trade credit Deferred end impeld life lnaurence premiums 1152.021 Net worth 229.079 Total owner-ecc. real estete Home mortgagee ae percent of 27,264 owner-ecc. real aetata Inventories #f RMtfurallt goods. 45.118 met Included In tetele above 42 43 44 45 46 47 48 49 so October 1986 Households Households Sector Balance Sheets with Tangible Assets at Current Cost j2 Year-End Outstandings Year-End Outstandings 1954 1955 1956 1957 1958 1959 i960 1961 Households, Personal Trusts, and Nonprofit Organizations 1 Tangible assets 2 3 4 5 6 7 8 9 10 Reproducible assets Residential structures Owner-occupied housing Nonprofit institutions Nonprofit plant 8 equip. Consumer durables Land Owner-occupied Nonprofit institutions 11 Total financial assets* 422.088 460 ,448 504 ,056 526.747 551.987 581.117 611 .811 633.963 1 379.482 214,825 209.632 5,193 17,577 147,080 413 ,328 236 .374 231 ,005 5 ,369 19 ,639 157 ,315 447 ,763 253 ,796 248 ,279 5 ,517 22 ,090 171 ,877 466,813 266.961 261,335 5.626 23.677 176,175 488.188 281.197 275-396 5.801 25.029 181.962 513.128 297.525 291,490 6,035 26.594 189.009 533 ,708 311 ,904 305 ,663 6 ,241 28 ,148 193 ,656 551.749 $24,568 318,004 6,564 30,386 196,795 2 3 4 5 6 7 42,606 37,734 4,872 47 ,120 41 ,581 5 .539 56 ,293 49 ,656 6 ,637 59,934 52,267 7.667 63.799 55,079 8.720 67.989 58.298 9.691 78 .103 67 .246 10 .857 82,214 8 69.961 9 12,253 10 944,938 1035 .985 1100 .905 1100.328 1252.932 1329.323 1362 .055 1515,666 11 290 ,603 66 ,115 105 ,043 308 ,141 67 ,751 114 ,468 323.943 66.600 126.403 <41.117 68.792 140.289 367.251 71.641 151.695 388 .237 73 .331 163 .372 409,380 12 71,991 13 181,301 14 15 925 16 12 13 14 15 16 Deposits 8 cr. mkt. instr. Checkable deposits 8 curr. Small time 8 savings dep. Honey market fund shares Large time deposits 273,039 65,218 96,405 322 314 260 227 216 578 17 18 19 20 21 Credit market instruments U.S. govt, securities Savings bonds Other Treasury issues Agency issues 111,094 66,941 49,966 16.874 101 119 ,131 69 ,313 50 ,229 18 ,472 612 125.,649 71,,070 50.,135 19.,839 1.> 096 130.680 71.707 48.226 21.700 1.781 131.809 68.417 47.703 19.494 1.220 143.699 74.292 45.907 25.437 2.948 150 ,956 73 ,843 45 ,642 25 ,902 2i,299 155,163 73,792 46.445 25.282 2.065 17 18 19 20 21 22 23 24 25 State 8 local obi. Corporate 8 fgn. bonds Open-market paper Mortgages 15,895 6.162 882 21.214 19.,347 6 ,872 1.,123 22.,476 21. 499 7.846 1. 175 24,,059 23.190 8.494 1.292 25.997 24.003 9.673 1.154 28.562 28.187 10.238 323 30,659 30.,802 10.,899 1.,986 33.,426 32,008 10,512 2,189 36.662 22 23 24 25 26 27 28 Corporate equities Mutual fund shares Other corporate equities 235.019 6.109 228.910 286.,293 7.,838 278. 455 305. 087 9,,046 296. 041 267.382 8.714 258.668 373.311 13.241 360.070 401.991 15.818 386,173 395,,457 17.,026 378,431 500.803 26 22.875 27 477,928 28 29 30 Life insurance reserves Pension fund reserves 66.349 42.654 69 ,254 50. 54* 72,>724 56, 590 75.462 62.678 78.535 72.716 81.956 82.410 85, 184 90,818 88,631 29 103.655 30 31 Equity in noncorp. business 315.911 326. 977 345, 748 357.928 373.780 381.905 387. 925 398.179 31 32 33 Security credit Miscellaneous assets 1.020 10.946 899 11.413 882 11, 733 894 12.041 1.156 12.317 989 12.821 1. 137 13.297 1.192 32 13.826 33 1367.026 1496,433 1604, 961 1627.075 1804.919 1910.440 1973,86* 2149.629 34 123.988 144,833 161, 323 174.038 187,123 210.239 228. 133 246.318 35 117.218 71.144 4.034 137, 154 83, 305 4, 624 153, 351 94,538 5 299 166.172 103.419 6.041 177.823 112,880 6.824 200.533 125,685 7.602 218.230 137.360 8,432 24.891 13.252 30,269 15. 022 33. 171 16,OSS 35.443 16,681 35.339 17,290 41.123 19,533 45,051 19,956 234.816 36 149.567 37 9.301 38 39 46.027 40 21.495 41 522 3,375 329 3. 605 418 3,892 233 4,355 669 4,821 1.157 5,433 I.179 6.252 1.449 42 6.977 43 4.131 1.298 4,816 1.381 4, 773 1,530 4.365 1.658 5,522 1,809 5,53* 1,983 5. 398 2. 12* 6.736 44 2.254 45 1.341 1.482 1,669 1.843 1,9*9 2,187 2. 379 2.512 46 1243.038 1351,>600 144$. 638 145S,0S7 1617.796 1700,201 174$,733 1903.SU 47 247,36* 272,58* 297, 935 SIS,*82 338,475 349,788 372,909 387.96$ 48 28.760 3*560 S1.7S1 32.977 34.IS* 35.931 S*.834 S8#$$l 49 43.428 45. 14# 47,431 48,4*7 49.031 $1,2*8 53 0$4 54.275 50 34 Total assets 35 Total liabilities 36 37 38 39 40 41 42 43 44 45 46 Credit market lnstruawnts Heme mertgases Other mortgeges Tax-exempt securities Installment cons, credit Other consumer credit Benk loans n.e.c. Other loans Security credit Trade credit Deferred and unpaid life insurance premluaw 47 Met worth 273 Memos 48 Total ewner-ecc. reel estate Home mortgeges es percent ef 49 owner-see. reel estete Inventories ef nendmraSle gooda. 50 net Included In tetels ebove Data are in millions ef toilers. http://fraser.stlouisfed.org/ LFederal Reserve Bank of St. Louis October 1986 Households Households Sector Balance Sheets with Tangible Assets at Current Cost Year-End Outstandings 1962 Ye.r-End Outstanding 1963 1964 1965 1966 1967 1968 1969 Households. Personal Trusts, and Nonprofit Organizations 1 659,496 684 ,885 727 ,082 766 ,263 844 .294 899 .889 1002 .422 2 3 4 5 6 7 573.466 338.117 330.988 7.129 33*032 202.317 595 ,972 347 ,397 339 .884 7 ,513 35 .774 212 ,801 632 ,338 369 ,896 361 .593 8 .303 38.729 • 223 .713 666 .696 387 .853 378 .819 9 .034 42 .782 236 .061 724 ,631 418 ,458 408 .411 10 ,047 47 ,686 258 .487 774 .791 440 .261 429 .580 10 ,681 51 .320 283 .210 864 ,190 492 .374 480 .332 12 ,042 57 .599 314 .217 946 .103 537 .610 524 443 13 .167 64 ,763 343 ,730 Reproducible assets Residential structures Owner-occupied housing Nonprofit institutions Nonprofit plant & equip. Consuawr durables 8 9 10 86.030 72.817 13.213 88 ,913 74 .774 14 .139 94 ,744 79 ,550 15 ,194 99 .567 83 ,340 16 .227 119 .663 102 .103 17 .560 125 ,098 107 .395 17 ,703 138 .232 120 .083 18 ,149 150 ,331 131 ,111 19 ,220 Land Owner-occupied Nonprofit institutions 11 1502.546 1643 .128 1768 .675 1924 .829 1944 .531 2187 .636 2443 ,309 12 13 14 15 16 437.808 71,387 206,939 471 .944 75 .956 232 .356 509 ,987 81 ,284 257 ,688 550 ,635 88 .744 284 .828 587 .699 91 .130 302 ,913 638 ,512 101 .013 337 .313 695 .855 111 .930 364 .045 1,389 2 ,172 2 .897 3 .562 4 .485 5 .218 9 .463 3 ,973 17 18 19 20 21 158,093 75.583 46.968 26.589 2.026 161*,460 75 .712 48 ,149 25 .765 1 .798 168 ,118 77 ,831 49 .060 26 ,112 2 .659 173 .501 79 ,708 49 .695 26 .317 3 .696 189 ,171 86 .983 50 .249 28 .596 8 .138 194 .968 88 ,117 51 .219 28 .789 8 .109 210 .417 93 .807 51 .866 33 .027 8 .914 22 23 24 25 31.496 9.514 2,734 38.766 31 »986 9 ,541 3,,971 401,250 34 ,627 9 .037 4 ,876 41,,747 36 .412 9 ,519 5 ,676 42,,186 40 .443 10 ,851 6 ,703 44 ,191 38 ,118 15 ,108 7 ,636 45,,989 26 27 28 437.432 21.271 416.161 513,,891 25,,214 488,,677 564,,702 29,.116 535 586 635, 593 35,,220 600, 373 575,,609 34,829 540,,780 29 30 92.398 109.294 96 635 122.849 101, 051 138, 606 105,876 154, 774 1096 .434 Tangible assets 1 2 3 4 5 6 7 8 9 10 2419 .103 Total financial assets 741 ,285 109 ,368 378 .730 11 Deposits 8 cr. mkt. lnstr. Checkable deposits & curr., Small time 8 savings dep. Money market fund shares Large time deposits 12 13 14 15 16 249 ,214 110 ,378 51 .770 44 .091 14 .517 Credit market Instruments U.S. govt, securities Savings bonds Other Treasury Issues Agency Issues 17 18 19 20 21 37 ,577 20 ,437 10,,148 48,,448 46 ,871 25 ,494 15,,502 50,,969 State 8 local obi. Corporate * fgn. bonds Open-market paper Mortgages 22 23 24 25 720, 436 44,,307 676, 129 857,,926 51,,232 806, 694 746, 148 47, 587 698, 561 Corporate equities Mutual fund shares Other corporate equities 26 27 28 110, 570 164,,299 115, 535 186,292 120, 324 207,827 125, 362 218, 340 Life Insurance reserves Pension fund reserves 29 30 31 410.087 421, 757 436, 950 458, 435 485, 425 ' 502,070 532, 693 558 984 32 33 1.226 14.301 1,222 14.830 1,669 15. 710 2,533 16, 983 2, 730 18, 199 4, 943 19.848 7.039 21. 645 5,221 23. 763 34 2162.042 2328, 013 2495. 757 2691. 092 2788.825 3087.525 3445.731 Equity In noncorp. business 31 Security credit Miscellaneous assets 32 33 3515,537 Total assets 34 35 268.520 297, 704 327.442 358. 712 382, 96* 408. 602 445.229 477.42* Total liabilities 35 36 37 38 39 40 41 256.856 163.693 10.288 283, 697 179,922 11,257 313.215 197.379 12.258 343.280 214. 367 13.396 367, 125 228.519 14,562 388.283 240.886 15.62* 421. 167 257. 712 16.701 455.80$ 276.297 17.884 50.994 22.804 57.829 24.836 65.572 26.875 73.881 29. 173 79.339 30.250 83. 148 32. 114 91.681 35.094 101. 1*1 36.499 36 37 38 39 40 41 42 43 1.33$ 7.744 1.446 8.407 1.976 9, 155 2.493 9.970 2.514 11.941 3.247 13*2*2 4.664 15.315 5. 663 18.299 44 6.610 2,387 8.567 2.587 8. 362 2.82* 9.098 3,0$1 9.025 3. 157 12.709 3.**$ 15.627 4. 13$ 12.225 4. 710 46 2.667 2.853 3.039 $.30$ 3.659 3.947 4. 302 4.*88 47 1893.522 2030, 309 2168. 315 2332.380 2405,859 2678.92$ 3000.502 48 403.805 414.658 441. 14$ 462. 159 510.514 53*. 975 600.415 49 40*537 43.390 44.742 46.383 44.7*2 44*859 42*922 50 St.692 58 990 62, 654 67.46$ 7$,918 79. 1$9 86.692 Credit market Instruments Heme mortgages Other mortgages Tax-exempt securities Installment cons, credit Other consumer credit Bank loans n.e.c. Other leans Security credit Trade credit Deferred and unpaid life insurance premiums 3038. 111 Net worth 42 43 44 45 46 47 Memo« 655.554 Total owier-ecc. real estate Home mortgages es percent of 42.147 owner-oec. real estate Inventories of nondurable seeds. 92.994 not included in totals above 48 49 50 October 1986 Households Sector Balance Sheets with Tangible Assets at Current Cost Year-End Outstandings Year-End Outstandings 1971 1972 1974 1975 Households, Personal Trusts, and Nonprofit Organizations 1 Tangible assets 1167 ,540 1278 ,091 1411 ,761 1610 ,115 1846 ,295 1999 ,707 2255 ,408 2614 ,292 1 2 3 1009 ,750 565 .594 551 ,874 15 ,720 71 ,722 572 ,454 1105 ,707 629 ,275 614 ,557 14 ,956 80 ,705 595 ,751 1217 ,685 704 ,217 687 ,415 16 ,802 88 ,782 424 .684 1580 ,105 811 ,150 791 ,680 19 .450 98 ,475 470 ,500 1584 ,521 924 ,847 902 ,948 21 ,899 115 ,495 544 .179 1719 ,067 1002 ,482 978 ,640 25 ,842 120 ,886 595 ,699 1915 ,331 1152 ,855 1106 ,144 26 ,691 129 ,745 652 ,755 2194 ,045 1526 ,945 1296 ,125 50 ,820 141 ,601 725 ,497 2 5 4 5 6 7 157 ,790 157 ,968 19 ,822 174 ,584 155 ,584 20 ,800 194 ,078 171 ,854 22 ,224 250 ,012 205 .857 24 ,175 261 ,774 254 ,766 27 ,008 280 ,640 254 ,446 26 ,194 338 ,077 509 ,720 28 ,557 420 ,249 8 588 ,857 9 51 ,412 10 5 6 7 8 9 10 Reproducible assets Residential structures Owner-occupied housing Nonprofit Institutions Nonprofit plant 8 equip. Consumer durables Land Owner-occupied Nonprofit Institutions 11 Total financial assets 2502 ,686 2765 ,665 5064 ,645 5099 ,162 5104 ,004 5552 ,242 4022 ,097 4554 ,424 11 12 13 14 15 16 Deposits 8 cr. mkt. lnstr. Checkable deposits & curr. Small time 8 savings dep. Money market fund shares Large time deposits 796 ,525 118 ,185 408 ,894 869 ,015 150 ,578 476 ,525 957 ,788 142 ,579 545 ,514 1061 .955 155 ,450 585 ,549 17 ,422 17 ,687 45 ,814 1166 ,751 161 ,750 622 ,615 2 ,579 64 ,658 1267 ,285 167 ,566 719 ,582 5 ,696 44 ,489 1411 ,811 185 ,605 855 ,792 5 ,686 55 ,886 1571 ,129 202 ,582 950 ,952 5 ,887 46 ,141 12 15 14 15 16 17 18 19 20 21 Credit market Instruments U.S. govt, securities Savings bonds Other Treasury Issues Agency issues 251 824 105. 791 52, 089 52, 782 20. 920 244 ,623 95 ,480 54,,416 22,-078 16, 986 247 ,640 92 ,151 57,* 667 21,,504 12,,960 275,•542 105 .755 60,,554 51,,656 15,,745 515 ,551 118,,577 65, 558 58,,548 16,,891 551,,952 150,,653 67,,565 51, 111 12, 179 552 .844 155 ,664 72,,018 52,,041 11,,605 587,,787 150 ,725 76,,762 59 ,691 14,,272 17 18 19 20 21 22 23 24 25 State & local obi. Corporate & fgn. bonds Open-market paper Mortgages 46, 019 56, 164 11. 755 52. 097 46, 116 46, 529 7, 959 50,559 48,.573 50, 062 4,515 52.559 55, 658 51, 746 12, 558 51,845 61,,860 59, 070 20,510 55, 514 68, 061 65, 955 8, 921 58, 582 70, 070 76, 595 6, 968 65,747 68,,604 76,416 20,490 71,552 22 25 24 25 26 27 28 Corporate equities Mutual fund shares Other corporate equities 728. 614 46,811 681,805 852,806 55,446 777,560 920,595 58, 926 861, 669 709, 726 46, 655 665,091 494, 587 55, 151 459,256 641.045 45,054 598, Oil 754. 051 46.510 707,541 708. 752 26 45,491 27 665,261 28 29 30 Life insurance reserves Pension fund reserves 150, 705 259, 185 157,055 275,595 145,930 323,538 151,278 529,806 158,599 556. 751 166,483 431,683 175,268 496.619 184.802 29 548,817 30 31 Equity In noncorp. business 577, 158 617,657 682.453 807.427 907,043 1000. 726 1132,054 1282,668 31 52 55 Security credit Miscellaneous assets 4, 554 26, 547 4,886 28,651 5,022 51,319 4,866 54, 124 5,891 56,802 4,468 40,552 6,290 46,004 5,313 32 52,943 33 5670,226 4045, 754 4476,406 4709,277 4950,299 5551,949 6275,SOS 6968.716 54 1028 ,692 55 54 Total assets 22 ,455 55 Total liabilities 500 ,942 548 ,918 616 ,199 689 ,891 741 ,198 791 .368 887 .832 56 57 58 59 40 41 480 ,055 290 ,047 19 ,042 524 ,395 514 ,761 20 ,251 586 .050 353 .027 21 ,547 105 ,528 57,,595 118 .255 59,,642 133,.173 44,,570 663 .069 396 .811 22 ,640 400 155 ,108 48 ,357 714 ,467 431 ,433 23 ,736 1,,300 164,.594 48 ,769 762 .155 469 ,666 24 ,775 2 ,700 168 ,703 50,.908 851 .730 529 ,438 25 ,623 4,,700 188,.698 55,.161 6,,943 20,,900 9,,213 22 ,273 10,,125 23,,608 13 ,579 26 ,174 15,251 29,,384 13,,859 31,,544 14,,724 35,,386 17,491 42 55,,716 43 10,445 5,,324 13,,109 5,,978 17,,537 6,,636 13,.193 7 ,253 11,,387 8,258 12,,113 9,,356 17,,201 10,,526 18,494 44 11,684 45 5,,118 5,,436 5,,976 6 ,576 7.086 7, 744 8, 575 9.284 46 3169,284 3494,836 5860,207 4019, 386 4209, 101 4760.581 5587, 673 5940.024 47 42 45 44 45 46 Credit market instruments Home mortgages Other mortgages Tax-exempt securities Installment cons, credit Other consumer credit Bank loans n.e.c. Other loans Security credit Trade credit Deferred and unpaid life insurance premiums 47 Net worth 48 Total owner-occ. real estate Home mortgages as percent of owner-occ. real estate 989 ,250 619,,185 26,.750 8,,100 225,,669 58, 559 56 57 38 59 40 41 689,842 767,921 859,269 997,517 1137,714 1233,086 1415.864 1684.962 48 49 42.045 40.98# 41.084 39.779 37.921 38.088 37.393 36.747 49 Inventories of nondurable goods. 50 not included In totals above 96.649 100.890 108.952 121.757 134.613 140.317 152.061 164.441 50 Data are In millions of dollars. October 198* Households Households Sector Balance Sheets with Tangible Assets at Current Cost Year-End Outstandings 1978 Year-End Outstandings 1979 1980 1981 1982 1983 1984 1985 Households. Personal Trusts, and Nonprofit Organizations 1 3077 ,067 3505 .641 3874 .877 4257 .978 4165 .300 4614 .510 4889 ,393 5101 ,671 Tangible essets 1 2 3 4 5 6 7 2551 .222 1563 .035 1527 .137 35 .898 167 .725 820 .462 2876 ,087 1775 ,372 1734 ,013 41 ,359 175 .421 925 ,294 3163 ,164 1949 .347 1902 .860 46 487 193 ,848 1019 ,969 3421 .915 2113 .007 2062 .051 50 .956 212 .434 1096 .474 3427 .487 2068 .026 2017 ,467 50 ,559 217 ,772 1141 .689 3681 .087 2240 ,810 2187 ,547 53 ,263 233 ,395 1206 ,882 3903 .417 2364 ,567 2307 ,488 57 ,079 246 .434 1292 .416 4084 .619 2440 .281 2380 ,511 59 ,770 251 ,042 1393 ,296 Reproducible essets Residential structures Owner-occupied housing Nonprofit institutions Nonprofit plant 8 equip. Consumer durables 2 3 4 5 6 7 8 9 10 525 ,845 488 ,684 37 ,161 629 ,554 589 ,564 39 .990 711 .713 666 .001 45 .712 836 .063 783 ,579 52 ,484 737 .813 685 .939 51 .874 933 .423 875 .019 58 ,404 985 .976 922 ,995 62 .981 1017 ,052 952 ,204 64 ,848 Land Owner-occupied Nonprofit institutions 11 4909 ,604 5691 ,585 6662 .213 7195 ,697 7801 .599 8614 ,285 9226 ,763 12 13 14 15 16 1758 ,356 230 .628 998 ,210 10,,808 78,,023 1972 ,659 256 ,194 1059 ,472 45,,214 89 ,541 2181 .736 273 ,429 1142 ,124 74 ,448 133 ,127 2447 .423 303 ,378 1189 ,395 181,,910 152 ,085 2701 ,836 322 .628 1323 ,588 206 ,607 137 ,399 2989 ,104 362 ,094 1533 553 162 ,549 126,,083 3421 ,224 3801,911 1686 ,792 209,,732 197,,472 3790 ,605 427 ,956 1829,,673 207, 535 194,,608 Deposits 8 cr. mkt. lnstr. Checkable deposits 8 curr. Small time 8 savings dep. Money market fund shares Large time deposits 12 13 14 15 16 17 18 19 20 21 440,,687 180,,078 80,,691 77,,527 21,,860 522.238 231, 766 79.,876 106 ,077 45..813 558 ,608 258 ,419 72 ,528 133 ,087 52,,804 620,,655 303,,803 68.,190 171.,415 64. 198 711 ,614 360 ,440 68 ,346 222 ,896 69,,198 804,,825 420,,975 71, 485 286.,462 63,,028 946.,317 531,,778 74.,515 358 ,238 99. 025 1130,,833 594,,842 79.,777 349,,282 165,,783 Credit market instruments U.S. govt, securities Sevlngs bonds Other Treasury issues Agency Issues 17 18 19 20 21 22 23 24 25 71,,194 72.>170 34, 321 82. 924 81. 690 67.852 41, 659 99,271 88 ,335 56.,171 39.,273 116,,410 99.,900 52,,324 30,,714 133, 914 123 888 54.,807 27.,696 144,,783 161,,688 41, 919 35, 109 145, 134 190,,249 38,497 34, 649 151, 144 249. 181 54. 072 80. 553 152. 185 State 8 local obi. Corporate 8 fgn. bonds Open-market paper Mortgages 22 23 24 25 26 27 28 721, 332 46, 050 675,282 872, 451 51, 789 820, 662 1166, 695 63, 745 1102. 950 1120,250 64, 017 1056.233 1265, 730 90, 009 1175, 721 1454, 180 130, 148 1324. 032 1490, 698 162,458 1328. 240 1949,442 282. 987 1666.455 Corporate equities Mutuel fund shares Other corporete equities 26 27 28 29 30 195, 992 633,544 206, 692 747,435 216,427 913,,892 225. 627 987. 757 232. 799 1152.429 240. 792 1358.281 245. 994 1477. 181 253.845 1737, 727 Life insurance reserves Pension fund reserves 29 30 10304 ,473 Total financial assets 31 1533.>052 1816, 002 2096,256 2323.429 2347. 109 . 2452,571 2465. 957 2433.807 32 33 7, 784 59,544 9, 613 66, 733 14.833 72, 374 12. 705 78.506 16.400 85. 296 18.782 100.575 18, 143 107.566 18.541 120.506 34 7986,671 9197,226 10537, 090 11453.675 11966.899 13228.795 14116, 15* 8 9 10 11 Equity in noncorp. business 31 Security credit Mlscelleneous assets 32 33 15406. 144 Total assets 35 1197,948 137* 345 1508.8*7 1*37 ,785 172*.773 1925 .2*5 2157.472 2455.,004 Total liabilities 36 37 38 39 40 41 1154.700 727,675 28.056 10.700 264.712 64.041 1329.,045 846,,880 29,,559 13.,600 300.,313 71,,102 1451.551 943.2*1 31.48* 1**700 301.380 74.521 1577 ,722 1023 ,047 33,,781 21 ,100 318 ,230 80,,2*7 1*59.757 10*4.55* 36.428 29.600 334.959 83.094 1847 ,481 1174 ,704 58 ,917 41 ,000 383 ,815 91 ,055 2082.004 1505.411 41.5*8 51.171 4*0.822 109,047 2571. 182 1451,,457 45 ,770 81.,554 545,,225 125,,272 42 43 19.992 39.524 21,,673 45,,918 29.4*9 54.734 35 ,507 *5 ,790 57.882 75.258 41 ,505 7* ,509 56.742 79.445 45.,017 83.,109 44 45 19.698 13.201 20,,732 14,87* 27.219 17.158 25 ,518 19,,825 29.281 22.220 57 ,*99 25 ,984 54.595 25.7*5 41.,938 27.,974 46 10.349 11,,692 12.939 14,,722 15.515 1* ,099 15.108 15, 910 47 6788.723 7820,881 9028.223 9815,,890 10240.12* 11505 ,552 11958.*84 48 2015.821 2323,,577 25*8.8*1 2845 ,*50 2705.40* 50*2 ,5** 5250.485 Credit market instruments Nome mortgages Other mortgages Tax-exempt securities Installment cons, credit Other consumer credit Bank loans»n.e.c. Other loans Security credit Trade credit Deferred and unpaid life Insurance premiuew 12951,,140 Net worth 34 35 3* 37 38 39 40 41 42 43 44 45 4* 47 Memos 49 3*«098 3*e«47 3**719 55*951 59*578 58.55* 40.547 50 182.4*5 202, 314 218.42* 235.,405 24*.44* 2*5,.579 28*.10* Data are in millions of dollars. 5552 ,715 Total owner-occ. real estate Home mortgages as percent of 45*551 owner-occ. real estate Inventories of nondurable goods. 505,,941 not Included in totals above 48 49 50 October 1986 Fare Business Farm Business seeter 16 * * * " " " T.n»ibl. *««.t. .t Current C.«t Year-End Outstandings Year-End Outstandings 1946 1947 1948 1949 1950 1951 1952 1953 Farm Business 92 .650 100 .763 103 .923 103 ,919 123 .313 136 .167 136 .901 134 .589 1 2 3 4 5 Reproducible assets . Residential structures Nonres. plant 8 equipment Inventories 41 .800 13 .158 9 .003 19 .639 48 147 15 .191 11 .918 21 .038 50 .106 16 .266 14 .536 19 .304 49 .967 16 .841 16 .462 16 .664 59 .398 17 .937 19 .007 22 .454 65 .202 18 .854 21 .440 24 .908 65 .178 19 .121 22 .750 23 .307 64 ,511 19 .151 23 ,365 21 .995 2 3 4 5 6 Land 50 .850 52 .616 53 .817 53 .952 63 .915 70 .965 71 .723 70 .078 6 7 .185 8,.369 8,.459 8 .035 8 .068 8 .327 8 .314 8,,291 7 6 ,400 785 645 140 7 ,500 869 753 116 7 ,500 959 844 115 7 ,000 1 .035 918 117 7 .000 1 .068 949 119 7 .200 1 ,127 1 ,005 122 7 ,100 1 ,214 1 ,088 126 7 .000 8 1 ,291 9 1 ,159 10 132 11 112,.382 111 .954 131 .381 144 ,494 145,,215 142 ,880 12 1 Tangible assets 7 Total financial assets Demand deposits 8 currency Miscellaneous assets Insurance receivables Equity In spons. agencies 8 9 10 11 12 Total assets 13 Total liabilities 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 21 Net worth 22 23 99 ,835 109.> 132 7,,599 8,,297 9 ,294 9 ,880 11 ,221 12,,944 13.879 13,562 13 6, 956 4.897 1,292 767 391 376 7,424 5, 064 1.593 767 283 484 8 ,082 5,,288 1, 946 848 243 605 8 ,474 5,,579 2,,049 846 228 618 9,,532 6.,071 2, 524 937 244 693 10,,819 6, 651 3.,120 1,048 199 849 11. 609 7.236 3.293 1,080 213 867 11.509 7. 737 2. 712 1.060 445 615 643 873 1,212 1.406 1.689 2. 125 2.270 2.053 20 92.236 6.457 85. 779 100.835 7.058 93. 777 103.088 7.216 95.872 102. 074 7. 145 94, 929 120. 160 8.411 ill. 749 131.550 9.208 122. 342 131.336 9. 194 122. 142 129.318 21 9.052 22 120,266 23 14 15 16 17 18 19 Montana Noncorporate Business 121,767 138.6*0 149,0*7 152,572 165.420 175.759 179,9*2 184.512 1 2 3 4 5 Reproducible assets Residential structures Nonres. plant 8 equipment Inventories 82,222 54,867 18.466 8,889 95.827 62.581 22.884 10,3-2 103,798 66,072 25,727 11.999 105.29* *7.4*7 2*.79* 11,033 115,297 71.745 30,090 13,462 122,778 75,597 33,166 14,215 124,640 76,656 34,122 15,882 126,725 77,081 55,264 14,578 2 5 4 5 6 Land 39,545 42,833 45.269 47.27* 50.123 52,981 55.522 57,789 * 14,245 15,408 16.082 1*,978 18,249 19,208 19,877 20,511 7 9,737 3,600 908 902 6 10,101 4,237 1 1,060 10 9.949 4.930 1.203 1.190 13 10,315 5,3*0 1,303 1,289 14 10,558 6,318 1,393 1,378 15 10,777 6,887 1,544 1,527 17 10.429 7,700 1,748 1.750 18 10,577 8 7.996 9 1.938 10 1.919 11 19 12 136,012 154-068 165.149 1*9,550 185.669 194,9*7 199,859 204,825 15 1 Tangible assets 7 Total financial assets 8 9 10 11 12 Demand deposits S currency Consumer credit Miscellaneous assets Insurance receivables Equity In spons. agencies 13 Total assets 14 Total liabilities 15 16 17 18 19 Credit market Instruments Mortgages Home mortgages Multi-family Commercial 20 21 22 23 24 Trade debt, net Trade debt 8,20* 9.653 10,257 12.192 15,575 14.05* 14.918 14 9,688 5,070 872 3,275 925 10.477 5.810 1,093 3.713 1.004 11,002 *,3*1 1,031 4,297 1,033 15,025 7,511 1,428 5,054 1.049 14,270 8,1*7 1,5*4 5,705 1.098 15,550 8,857 1,587 6,128 1,142 15,882 9,207 1,547 6,451 1,209 965 3,024 1.322 3.29* 1,0** 3.*01 833 3.808 1.278 4.254 1,508 4,595 1,721 4.772 1,782 20 4,895 21 -1,8*1 3,692 S 553 -1.482 4,382 5,8*4 -•24 5.110 5.934 -74$ 5.250 5.99S -851 6.260 7.091 -897 *,077 *.974 -1.294 6.544 7.858 -9*4 22 7,2*9 25 8.255 24 129.398 145.8*2 155.49* 159.293 171.477 181.594 185.785 189.905 25 ! i 25 Bank leans n.e.c. Other loans 6,614 8,475 4,486 659 3,016 811 15 1* 17 18 19 October 1986 Far* Business Farm Business 17 Sector Balance Sheets with Tangible Assets at Current Cost Year-End Outstandings Year-End Outstandings 1955 1956 1958 1957 Fare Business 157.663 168,,849 174,,712 177, 182 183,,700 Tangible assets 1 137,453 141.796 150. 158 2 3 4 5 64,257 19, 342 23 >670 21,>245 64.382 19.639 24.810 19.933 65, 600 19,,759 25,,902 19 ,939 67,136 19.610 26,371 21,155 68,,888 19 ,437 26 ,867 22 ,584 68,,929 19 ,382 27 ,487 22 ,060 70, 116 19,235 27,590 23,,291 70,,961 19 ,186 27 ,960 23 ,815 6 73 ,196 77,414 84 ,558 90,527 99 ,961 105 ,783 107 ,066 112 ,739 8,218 8 ,584 7 ,982 7 ,646 7 ,731 Total financial assets 6 ,200 1 ,782 1 ,584 198 5 ,800 1 ,846 1 ,635 211 5 ,800 1 ,931 1 ,704 227 8 ,264 7 8, 372 8 ,251 1 Reproducible assets Residential structures Nonres. plant S equipment Inventories 2 3 4 5 Land 6 Demand deposits 1 currency Miscellaneous assets Insurance receivables Equity in spons. egencles 7 8 9 10 11 8 9 10 11 6 ,900 1 ,364 1 ,227 137 6.,900 1 472 1,,324 148 6 ,700 1 ,551 1 .390 161 6,600 1,618 1,446 172 6 ,900 1 ,684 1 ,502 182 12 145 .717 150 ,168 158 .409 165.881 177 433 182 .694 184 ,828 14.435 16.058 16.982 18.274 20.078 22.433 23,623 25.322 Total liabilities 13 13 19.965 12.838 5.062 2,065 564 1.501 21,558 13.917 5.305 2.336 686 1.650 14 15 3.764 14 15 16 17 16 19 21 22 23 191 ,431 Total assets Credit market Instruments Mortgages Bank loans n.e.c. Other loans U.S. government Fed. Inter. Credit Banks 12.281 8.246 2.862 1.173 508 665 13.723 9.022 3.434 1.267 574 693 14.581 9.835 3.375 1.371 624 747 15.638 10.397 3.759 1.482 550 932 17.002 11.109 4.172 1.721 565 1.156 18.934 12.101 4.866 1.967 577 1.390 2,154 2.335 2.401 2.636 3.076 3.499 3.658 131.282 9.190 122.092 134.110 9.388 124.722 141.427 9.900 131.527 147.607 10.332 137.275 157.355 11.015 146.340 160.261 11.218 149,043 161.205 11.284 149.921 166.109 Net worth 11.628 Corporate farms 154.481 Noncorporate farms 12 16 17 18 19 Trade debt 21 22 23 Nonfara Noncorporate Business 1 189,980 200.657 212.549 219.296 225.664 235.570 240.944 247.608 Tangible assets 149.568 . 84.562 48.120 16.886 155.684 86.705 50.098 16.881 156.565 88.475 51.270 16.618 159.564 91.048 52.717 15.599 76.096 79.686 84.581 88.244 26.332 25.799 26.204 12.515 10.488 5.201 3.144 57 Reproducible assets Residential structures Nonres. plant 1 equipment Inventories 2 3 4 5 129,181 78,479 36.426 14.276 136.513 81.055 40.303 15.155 143.112 82.643 44.579 15.890 1*6.705 83.342 46.993 16.370 6 60.799 64.144 69.437 72.591 7 21.276 8 9 10 11 12 10.907 8.236 2.13$ 2.113 20 11.200 8.704 2.283 2.262 21 11.549 9.209 2.413 2.392 21 12.356 9.546 2.586 2.560 26 13.641 9.623 2.709 2.677 32 12.707 10.729 2.896 2.856 40 12.415 10.549 5.055 2.987 48 13 211.256 222.844 235.720 243.784 251.657 259.702 266.743 14 17.437 20.589 21.499 23.131 24.197 26.840 28.739 30.114 50.114 Total liabilities 15 16 17 18 19 16.754 9.925 1.872 6.726 1.525 18.456 10.628 2.016 7.142 1.470 19.562 10.865 1.788 7.432 1.645 20.522 11.146 1,671 7.660 1.815 21.948 12.276 1.823 8.422 2.051 24.324 15.554 1.958 9.555 2.261 26.065 14.437 1.703 10.245 2.495 28.599 16.400 1.821 11.785 2.807 20 21 1.866 4.945 5.428 2.993 5.704 3.078 6.298 3.239 6.433 3.632 7.15# 3.969 7.659 4.545 7.654 22 23 24 70S 8.877 8.174 2.153 10.040 7.907 1.937 10.988 9.051 2.609 10.987 8.37# 2.249 11.626 9.377 2.516 10.750 #.234 2.674 11.22# #554 1.715 10.619 8.984 193.819 202.25# 214.221 220.653 227.448 232.862 238.004 22.187 23.171 Date ere In millions of dollars. 24.488 25.973 Land otal financial assets Demand deposits • currency Consumer credit Miscellaneous assets Insurance receivables Equity In spons. agencies 273.812 ratal assets Credit market Instruments Mortgages Home mortgages Multi-family Commercial Sank loans n.e.c. Other loans Trade debt, net trade debt -Trade credit 243.69# Net worth 2 3 4 5 * 7 8 * 10 11 12 15 " 15 JJ 17 18 19 20 21 22 23 24 October 1986 Form Business 18 Form Business Sector Balance Sheets with Taneible Assets at Current Cost Year-End Outstandings Year-End Outstandings 1962 1963 19*5 1964 19*6 1967 1968 1969 Farm Business 1 Tangible assets 2 5 4 5 Reproducible assets • Residential structures Nonres. plant • equipment Inventories 6 Land 7 Total financial assets 8 9 10 11 Demand deposits 8 currency Miscellaneous assets Insurance receivables Equity in spons. agencies 12 Total assets IS Total liabilities 14 15 16 17 18 19 Credit market Instruments Mortgages Bank loans n.e.c. Other loans U.S. government Fed. Inter. Credit Banks 20 Trade debt 21 Net worth Corporate farms 22 Noncorporate farms 23 190,936 200.378 208.669 225,280 236.207 248.881 260.969 271.878 1 73.050 19.091 28.753 25.206 74.424 18.795 29.886 25.743 74.688 19.129 31.107 24.452 80,535 19.179 55.515 28.045 85.565 20.011 36.105 27.447 87.0*1 20.517 38.600 27.944 93.046 22.070 41.838 29.138 100.811 23.387 45,609 31.815 2 5 4 5 117.886 125.954 155.981 144,745 152,644 161.820 167.925 171.067 6 7.865 7.825 8,217 8,497 8,704 9.0*7 9.646 10.182 7 5.900 1.965 1.724 241 5.700 2.125 1.869 256 5.900 2,317 2.038 279 6,000 2.497 2.178 519 6.000 2.704 2.359 565 6.100 2.967 2,555 414 6.300 3.346 2.830 516 6.400 8 3.782 9 3.211 10 571 11 198.801 208,205 216,886 255,777 244,911 257.948 270,615 282.060 12 27.626 51,058 55,827 57,674 41,274 44,577 46,170 48.827 15 23.856 15.193 6.087 2.576 736 1.840 26,406 16.822 6.688 2.896 797 2.099 29,009 18,942 6,959 5,108 861 2.247 52,511 21,187 7, **7 5,457 941 2.516 55,504 25.052 8.600 5.852 929 2.925 58,815 25,017 9,500 4,498 1.087 5.411 41.583 27.177 9.718 4.688 1.034 3.654 44,617 28.995 10.328 5.294 1.019 4.275 3.770 4.652 4.818 5,565 5,770 5.562 4.587 4.210 20 171.175 11.982 159.195 177.165 12.402 164,765 185,059 12.814 170.245 196,105 15.727 182.576 205,657 14,255 189.582 215.571 14,950 198,621 224.445 15,711 208.754 233.255 21 16.326 22 216.907 25 257,071 265,572 279.761 294.810 519,046 552,654 561.584 592,519 1 165.313 94.557 54.996 15.780 170.107 97.554 57.644 15.129 180.278 104.041 61.148 15.089 191.559 109,529 66,192 15,858 207,152 118,118 72,705 16,529 218,508 125,952 77,454 17,102 242.580 139.706 85,050 17,624 267.688 155,010 94.552 18,546 2 5 4 5 14 15 16 17 18 19 Ii 1 Tangible assets 2 3 4 5 Reproducible assets Residential structures Nonres. plant S equipment Inventories 6 Land 7 Total financial assets 8 9 10 11 12 Demand deposits 1 currency Consumer credit Miscellaneous assets Insurance receivables Equity in spons. agencies 13 Total assets 14 Total liabilities Credit market Instruments Mortgages Home mortgages Multi-family Commercial Bank loans n.e.c. Other leans 20 21 25 Trade debt, net Trade debt -Trede credit ! 22 23 24 i IS 16 17 18 19 91,758 95,265 99,485 105,451 111,894 114,146 119,004 124,651 6 26,972 27,914 28,745 29,792 50,49* 51.292 52,554 55,752 7 12,515 11.128 5.529 5,260 69 12,515 11.854 5.545 5,465 82 12.515 12,429 5.799 5,704 95 12,515 15.194 4,085 5,975 108 12,515 15,559 4,442 4,525 117 12.515 15,955 4.844 4,716 128 12,515 14,695 5.526 5,187 159 12,515 8 15.259 9 5.998 10 5.846 11 152 12 284,043 295,286 508,504 524,602 549,542 565,94* 595,918 426.071 15 55,149 56,292 41,799 48,54$ 55.499 *0,497 69,959 85,994 14 51,562 18,576 2,001 15,585 5,186 56,021 21,595 2,002 15,825 5,597 42,410 25.845 1,902 19,095 4,880 49,845 50,710 1,997 21,84* 6.907 5*.904 54,728 1,598 24.245 8,918 *4,55* 40,812 2,102 27,045 11.75* 75,455 47,810 2,224 29,449 16.1*0 86,885 57,602 2,008 52.910 22,720 4,716 8,270 5,508 9.518 5,804 10.759 *,708 12.425 8,079 14.097 8,784 14.740 9,8** 15.759 12,054 20 17,229 21 1,587 18,049 8.4*2 271 8.282 7,961 -611 7.495 8.184 -1,508 *.*50 7.918 -5.405 s.oes 8.491 -5,859 5.18% 9.822 -5.47* 4.179 7.*55 -2,891 22 5,219 25 8,110 24 250.894 256.994 26*.70S 27*.0S9 29*.84S 501.449 525.959 542,077 25 15 16 17 18 19 October 1986 Farm Business Fare Business 19 Sector Balance Sheets with Tangible Assets at Current Cost Year-End Outstandings Year-End Outstandings 1976 1977 Farm Business 1 279,>930 3021>190 341.>879 427,,321 466.>032 531,>363 611.>498 675,,716 161,,539 29,,703 66,,380 65,,456 178,,796 33.,620 82,,745 62,,431 190.>871 35.>656 90,,914 64.>301 200. 563 38.>804 101.,589 60.>170 217,>664 43,>801 114,>559 59,,304 265,>782 287,,236 340.>492 410.>935 458 >052 14.>847 16.>273 18,>087 7.>035 lli>052 9,>197 1,,855 2 3 4 5 104.,302 23.>998 49.>228 31,>076 114,>597 25,>515 53,,641 35,.441 130 >498 27,>165 59,>034 44 ,299 6 175.>628 187,,593 211.,381 7 10.>786 11,,477 13,>256 12,>413 13,,850 8 9 10 11 6,>515 4.>271 3,>649 622 6 ,638 4 ,839 4 ,147 692 6,>900 5,>513 4,,731 782 7,>100 6,>156 5.>214 942 6 ,940 6 ,910 5 ,762 1 ,148 7.>010 7.,837 6 >453 1 >384 6,>947 9,>326 7,,718 1,>608 12 290,>716 313,.667 354,.292 440.>577 479,,882 546 >210 627,>771 693,,803 13 51 .284 55 .366 61 .081 69.>789 77 .982 87,,304 98 ,177 112,.471 92 .036 55 .268 23 ,230 13 ,538 2 .226 11 .312 105 .448 63 .458 25 .729 16 .261 3 .502 12 .759 7 .023 Reproducible assets Residential structures Nonres. plant 8 equipment Inventories Demand deposits & currency Miscellaneous assets Insurance receivables Equity In spons. agencies otal assets 8 9 10 11 12 IS Credit market Instruments Mortgages Bank loans n.e.c. Other loans U.S. government Fed. Inter. Credit Banks 14 15 16 17 18 19 14 15 16 17 18 19 47 ,442 30 .346 11 .155 5 .941 967 4 .974 51 .375 32 .192 12 .500 6 .683 1 ,014 5 ,669 56 .547 35 .095 14 ,306 7 .146 1 .050 6 ,096 65 ,132 39,>528 17,,165 8,,439 1,,241 7 .198 73 ,102 44 .705 18 ,236 10 .161 1 .313 8 .848 81,.965 49 .682 20 ,199 12 .084 2 .089 9 .995 20 3 .842 3 ,991 4 .534 4 .657 4 .880 5 .339 6 .141 21 22 23 239.432 16.760 222,672 258,301 18.081 240.220 293.211 20.525 272.686 370.788 25.955 344.833 401.900 28.133 373.767 458.906 32.123 426.783 529.594 37.072 492.522 581.332 Net worth 40.693 Corporate farms 540.639 Noncorporate farms 1 417.227 458.444 517,207 597. 266 687, 699 741. 705 822, 646 953.995 Tangible assets 1 417. 059 246. 015 145. 755 27. 509 481. 259 278. 794 172.865 29. 600 511. 625 299. 525 184.819 27. 281 558, 611 333. 078 197, 625 27. 910 632.947 384.099 219.394 29.454 Reproducible assets Residential structures Nonres. plant 8 equipment Inventories 2 3 4 5 180. 207 206. 440 250.,078 264. 055 321.048 Land * 44. 585 48. 664 50.788 Total financial assets 12.515 21.837 16.436 16.032 404 2 3 4 5 288.559 165. 106 104.299 19. 154 322.844 185.471 115. 702 21. 671 562.841 212. 015 126,814 24. 014 6 128.688 155, 600 154.,566 7 55. 595 55. 610 40.,219 57. 575 41.,998 Trade debt Demand deposits S currency Consumer credit Miscellaneous assets Insurance receivables Equity In spons. agencies 21 22 23 7 8 9 10 11 12 8 9 10 11 12 12.515 16.,198 6.,682 6,,515 167 12,,515 15,,619 7,,476 7,,296 180 12,515 16,>590 8,>470 8.>278 192 12,515 18,>249 9,455 9,>243 212 12.,515 19,,008 10,,47' 10,>229 246 12,,515 20,,120 11,,748 11,>461 287 12.515 22. 271 15.878 13.518 560 13 452. 622 494,>054 554,.782 657 ,485 729,,697 786,,086 871,,510 14 98,.156 116,.617 145 ,015 174 ,891 196..421 212,.145 251,>778 262.754 Total liabilities 14 15 16 17 18 19 1004.783 Total assets 15 16 17 18 19 99 .957 70 .042 2 .155 38 ,685 29 ,206 120 .565 88 .251 5 ,050 46 ,740 38 .461 148 .705 114 .527 5 .626 56 .660 54 .241 178 .205 159 .880 5 .226 64 .461 72 .193 198,.461 159 ,505 5 .008 69 .961 86 ,556 215 .109 175 .302 5 .635 70 .069 99 ,598 230,,498 189,.520 5 .018 73 .957 110 .565 260.289 214.979 6.778 80.350 127.851 20 21 11 ,696 18 .219 12 .604 19 .508 15 .667 20 .511 14 .780 25 .545 15 .854 25 .502 12 .479 27 .528 9 .594 51 .584 10.474 34.836 22 25 24 -1 .821 4 ,802 6 .625 5 .74* 4 .577 •,12S -5 .690 5 .080 e .770 -5 .514 4 .755 t .069 -2 .040 6 .140 8 .180 966 7 ,914 8 .880 1 .280 11 .490 10 .210 2.465 15.847 15.382 25 354.486 377.457 409.767 462 .594 555 .276 575 .945 659 .552 • Credit market Instruments Mortgages Home mortgages Multi-family Commercial Bank loans n.e.c. Other loans Trade debt, net Trade debt -Trade credit 742.029 Net worth 13 20 21 22 23 24 25 October 1986 Far* Business 2 0 Far* Business Sector Balance Sheets with Tangible Assets at Current Cost Year-End Outstandings Year-End Outstandings Far* Business 1 Tangible assets 796 .638 925 .191 1018.530 1021 .480 981.010 968.296 862.021 763.904 1 322.985 61,872 181.865 79,248 327.445 63.752 184.328 79.365 330.057 65,617 183,232 81,208 317,370 65,440 177,896 74,034 2 3 4 5 2 3 4 5 Reproducible assets Residential structures Nonres. plant 8 equipment Inventories 257 ,222 49 .624 133 .912 73 .686 284 .944 54 .431 149 ,838 80 .675 311.152 59.241 1*7,397 84.514 325 .874 63 .118 181 .202 81 .554 6 Land 539 .416 640 .247 707.378 695 .606 658.025 640.851 531,964 446.534 6 20 .154 22 .226 24.199 26 .053 27.859 29.126 31.200 33,598 7 7 .137 13 .017 10 .891 2 .126 7 .284 14 ,942 12 .406 2 .536 7.390 16.809 13,714 3.095 7 ,504 18 .549 14 .821 3 .728 7,634 20.225 16.110 4.115 7.780 21,346 17.129 4,217 7,942 23,258 18,979 4.279 8,120 8 25,478 9 21,483 10 3,995 11 12 Totel assets 816 .792 947 .417 1042.729 1047 .533 1008.869 997.422 893.221 797,502 12 13 Total liabilities 129 .686 154 .368 170.582 192 .129 199.330 202.903 201.781 187.210 13 121 .047 71 ,610 28 .211 21 ,226 7 ,009 14 ,217 144 .567 85 .599 31 .033 27 .935 10 ,391 17 ,544 159.754 95.764 31.566 32.424 13.026 19,398 176 .363 105 .801 32 .920 37 .642 16 ,420 21 ,222 183.208 110.026 36.135 37.047 16.657 20.390 187.508 112.840 38,927 35.741 16.700 19,041 187,525 112.000 39.907 35,618 17.800 17,818 173,210 105.622 35.507 32,081 18.189 13,892 8 ,639 9 ,801 10,828 15,,766 16,122 15.395 14,256 14,000 20 687 ,106 48 ,097 639 ,009 793 ,049 55 ,513 737 .536 872.147 61.050 811.097 855 ,404 59 ,878 795 ,526 809.539 56.668 752.871 794.519 55.616 738.903 691.440 48.401 643.039 610.292 21 42,720 22 567.572 23 7 Total financial assets 8 9 10 11 Demand deposits 8 currency Miscellaneous assets Insurance receivables Equity in spons. agencies 14 15 16 17 18 19 Credit market Instruments Mortgages Bank loans n.e.c. Other loans U.S. government Fed. Inter. Credit Banks 20 Trade debt 21 Net worth Corporate farms 22 25 14 15 16 17 18 19 Nonfarm Noncorporate Business 1136,,511 1353 885 1587.847 1857,,278 1954,022 2150.595 2351.610 2470.991 1 2 3 4 5 Reproducible assets Residential structures Nonres. plant 8 equipment Inventories 742,,235 448,,918 260,,593 32,,724 867, 662 540,,884 291,,896 34,,882 998.747 628,290 336.461 33.996 1135,583 710, 350 391, 737 33,496 1176,709 722.790 420.209 33.710 1236.049 765.267 435.059 35.723 1335.617 832.234 463.710 39.673 1413.613 882,700 489.046 41,867 2 3 4 5 6 Land 394, 276 486,,223 589.100 721. 695 777.313 914.546 1015.993 1057.378 6 73,512 73.586 85.800 100.927 7 1 Tangible assets 7 Total financial assets 8 9 10 11 12 Demand deposits 8 currency Consumer credit Miscellaneous assets Insurance receivables Equity In spons. agencies 13 Total assets 14 Total liabilities 15 16 17 18 19 20 21 22 23 24 Credit market Instruments Mortgages Home mortgages Multi-family Commercial Bank loans n.e.c. Other loans Trade debt, net Trade debt -Trade credit 25 Net worth 55 ,804 61,,036 64.294 69.851 12,515 23.841 19.448 18. 917 531 12,515 26, 073 22.448 21.805 643 12.515 26.745 25.034 24.279 755 12.515 30. 166 27. 170 26. 334 836 12.515 31.770 29,227 28.362 865 12.515 36.429 24.642 23.801 841 12.515 44.456 28.829 27.968 861 12.515 8 52,598 9 35,814 10 34,981 11 833 12 1192,315 1414. 921 1652.141 1927. 129 2027,534 2224,181 2437.410 2571.918 13 298.272 336.455 366.982 399.226 433,296 510.513 614,492 705.683 14 292. 719 244. 174 7.573 88. 792 147.809 330.804 274. 636 7.035 96. 366 171.235 362.193 295.197 5.954 100.515 188.728 395.514 313.951 4.544 99.659 209. 748 431.941 340.455 5.057 104.005 231.393 508.476 404.149 8.400 117.231 278,518 609.141 493.946 8,696 141.781 343.469 698.039 581.729 9.165 170.738 401.826 9. 725 38.822 10.280 45.888 13.528 53.46# 19.632 61,931 27.001 64,485 28,432 75,895 30.969 84.226 29.171 20 87.139 21 5.553 17.794 12.241 5. 651 21. 739 16.088 4,789 23.327 18,538 3.712 21,318 17.606 1,355 18,282 16,927 2.037 16.549 14.512 5.351 14.036 8.685 7.644 22 10.496 23 2.852 24 •94. 04$ 1078,46* 1285.159 1527,90S 1594,238 1713.668 1822,918 1866.235 25 15 16 17 18 19 October 1986 Nonflnenclal Corporate Business Nonflnenclal Corporate Business Sector Balance Sheets with Tangible Assets at Current Cost 21 Year-End Outstandings 194* Year-End Outstandings 1947 1948 1949 1950 1951 1952 1953 Nonflnenclal Corporate Business 1 168,746 201,369 225 ,968 229,646 259 ,057 289 ,338 305 ,376 322 ,385 Tangible assets (current cost) 2 3 4 5 146,654 3,416 102,828 40,410 176,084 3,932 123,675 48,477 196 ,229 4,,219 158 ,191 55 ,819 199,964 4,385 146,192 49,387 226 ,442 4 ,725 161 ,498 60 ,219 253 ,337 4 ,981 178 ,656 69 ,700 266 .376 5 ,069 190 ,493 70 ,814 279 ,398 5 ,113 201 ,575 72 ,710 6 22.092 25,285 27 ,759 29,682 32 ,615 36 ,001 39 ,000 7 67,420 76,167 81 ,670 85,601 102 ,421 110 ,491 115 ,957 8 9 10 11 12 13 14 15 33,594 19,502 900 35,155 21,434 900 36 ,256 21.861 900 59,260 22,905 900 45 ,844 24 ,222 900 46 ,437 25 ,859 900 46 ,271 26 ,641 900 48 ,015 26 ,550 900 68 12,779 313 32 51 12,291 550 129 10 12,855 452 180 10 14,697 485 265 57 17 ,870 652 143 91 18 ,655 844 90 75 17,,647 813 195 114 19 ,240 1 ,005 204 16 17 18 19 20 21 22 1,412 24,488 7.926 7,227 676 1,857 29,816 9,339 8,366 956 2.,210 32.,295 10,,909 9, 625 1,,192 2,550 31,587 12,224 10,700 1,385 5 ,076 42 ,098 15 ,403 11 ,788 1 ,418 3 ,465 45 ,716 14 ,875 12 ,979 1 ,548 4,,007 48,,910 16,,769 14,,721 1,666 4,,188 48 ,142 18 ,709 16 ,255 1,,786 23 17 92 141 197 348 382 23 236,166 277,536 505, 658 515,247 561 ,478 399.829 421,,355 441 ,457 Total assets 24 81,117 94.222 105,,151 102,484 125 ,566 159 ,847 145,,725 150 ,697 Total liabilities 25 26 27 28 29 30 31 49,816 57,072 65,,542 65,245 72 ,024 80 ,422 87,,626 91,,975 24,858 10,215 659 2,254 7,302 27,671 11,694 872 2,512 8,310 31,,971 13,,074 1,,095 2,,949 9,,052 54,874 15,861 1.051 3,532 *,298 36 ,498 15 ,135 1 ,428 4,,267 9 ,440 39 ,792 16 ,179 1 ,364 4,,937 9 ,878 44,,497 17,,215 1,,587 5, 353 10,275 48 ,012 18 ,101 1,,547 5 ,670 10,,884 32 33 34 35 36 12,758 157 95 1.280 495 15,761 172 93 1,156 525 16,,527 166 95 1 ,198 511 14,557 162 107 1,064 658 181,295 207 157 1 ,158 616 22 ,040 269 156 1 ,352 634 22, 927 331 167 1,834 655 22,,557 402 188 1,,960 955 Bank loans n.e.c. Commercial paper Acceptance liabilities Nonbank finance loans U.S. government loans 52 55 34 55 36 37 38 39 8,807 19,991 2,505 11,264 23,285 2.605 12,,118 24 ,904 2,,787 9,758 24,562 2,941 17 ,252 32 ,899 5 ,591 21 ,922 55 ,845 5 ,658 18, 672 35, 480 5,,945 19,,271 35,,202 4,,251 Profit taxes payable Trade debt Foreign direct lnv. in U.S. 37 38 59 40 41 155.049 52s129 185,514 51.155 202 ,487 31.282 212,765 50.664 255 ,912 30.530 259 ,982 30.935 275, 610 51*795 40 290,,740 Net worth Debt-net worth ratio (25/40) 41 51,>654 42 43 85,210 59,867 84,922 67,205 85 ,862 75,551 92,205 70.758 116 ,647 61.745 158 ,250 58,171 149, 941 58.440 144,,776 65.527 44 6,457 7,058 7 ,216 7,145 8,,411 9 ,208 9, 194 45 55.666 46,525 41,415 45,556 49,445 55,176 54,405 4* 116.290 155.604 14* ,148 154.658 174.458 196.820 210.204 226 ,060 Tanslble assets 187 ,1*2 2.422 11* .*18 64.852 200.857 2,,51* 152,,216 66,,102 216 ,141 2 ,627 145 ,605 67 .911 47 41 49 50 108,017 1,700 68.771 57,546 125.029 1,800 78,544 44,685 140 ,52* 1 ,965 89 ,47* 4S.S*0 145.645 2.12* *8.205 45.51$ 165 .151 2 .514 107 .716 55 .101 51 8.275 8.575 8,81* *.015 9 .507 * .628 9,,567 52 185.710 209.771 250.818 240.25* 276 .85* 507 .511 526 ,161 SS 54 102.5*5 48.556 115,549 49.5*2 127 .6*7 4*,61* 157.775 47,554 151 .2*5 .47.605 167 .464 48.025 . 180•458 48.562 Data are lit Billions of dollars. 42 ,987 2 3 4 5 Land 6 119 ,052 Total financial assets 670 7 Liquid assets Demand deposits 8 currency Time deposits Security RPs Foreign deposits U.S. government securities Tax-exempt obligations Open-market paper 8 9 10 11 12 15 14 15 Consumer credit Trade credit Miscellaneous assets Foreign direct investment Insurance receivables Equity in spons. agencies Other 16 17 18 19 20 21 22 Credit market debt Tax-exempt bonds Corporate bonds Mortgages Home mortgages Multi-family Commercial 25 24 25 26 27 28 29 50 51 Market value of equities. Including corp. farm equities 42 Debt-equity ratio (25/42) 45 Net worth of corporate farms. from farm sector table Ratio of market value to net worth (%) C42/40) 49 795 9 ,052 9 ,91* 1 Reproducible assets Residential structures Nonres. plant & equipment Inventories 44 45 46 Reproducible assets Residential structures Nonres. plant • equipment Inventories 47 48 49 50 Land 51 545 ,112 Total assets 52 55 194.415 Nat worth Debt-net worth ratio t25/55) 54 47.507 October 1986 Nonfinancial Corporate Business Nonfinancial Corporate Business Sector Balance sheets with Tangible Assets at Current Cost 22 Year-End Outstandings Year-End Outstandings 1954 1955 1956 1957 1958 1959 1960 1961 Nonfinancial Corporate Business 1 Tangible assets (current cost) 2 3 4 5 Reproducible assets Residential structuhes Nonres. plant * equipment Inventories 6 Land 7 Total financial assets 335 ,722 367,317 410 ,238 439,521 453 ,142 476.880 493.209 508.781 1 287 .429 5 ,206 210 ,965 71 ,258 314,382 5,359 230,103 78,920 349 ,921 5 ,462 257 ,504 86 ,955 371,645 5,542 277,352 88.771 378 ,522 5 ,750 285 ,999 86 ,775 596,475 6,076 297,664 92,755 407.705 6,348 305.767 95,590 417,655 6,758 315,152 97,765 2 5 4 5 48 ,293 52.935 60 .317 67.876 74 ,620 80,407 85.504 91,126 6 124 .627 142,089 147 ,210 151.876 163 ,502 178.716 181.756 194.579 7 48 ,895 28 ,990 1 ,000 48,458 29,024 1,000 50 ,992 50 ,085 1 ,900 56.185 29.196 1.500 51.429 28.243 3,000 8 9 10 11 12 13 14 15 Liquid assets Demand deposits 8 currency Time deposits Security RPs Foreign deposits U.S. government securities Tax-exempt obligations Open-market paper 48 ,373 28 ,329 1 ,100 53,428 29,282 1,000 158 17 ,523 972 291 129 21.581 1.219 217 158 17 ,118 1 ,342 505 151 16.589 1,479 435 149 16 ,692 1 ,958 210 152 22.821 1.794 742 148 16,868 2,382 788 54.857 8 51.675 9 4.100 10 11 256 12 15.344 15 2,395 14 1.089 15 16 17 18 19 20 21 22 Consumer credit Trade credit Miscellaneous assets Foreign direct investment Insurance receivables Equity In spons. agencies Other 4 ,597 51 ,663 20 ,194 17 ,631 1 ,866 5 ,125 67 ,555 25 ,861 22,,505 2,,395 15 950 5.153 68.975 29.512 25.594 2.965 32 921 5 ,459 75 ,221 51,,850 27,,409 5,,511 38 892 6,257 81,247 55,027 29,827 4,081 51 1.068 6,255 85,699 58,575 51,865 4,672 72 1,764 6.546 91.524 41,872 54.717 5,154 80 1,941 16 17 18 19 20 21 22 697 4.881 61,466 22,314 19,395 2,034 2 883 23 Total assets 460,,349 509.406 557,,448 591.597 616,,644 655,596 674,945 705.560 25 24 Total liabilities 155,,033 176.897 189, 979 199.165 209, 121 227,782 259,565 255,019 24 96,856 105.422 115,850 125,555 155,804 144,288 154,716 51,,547 19,,732 1,872 5,,939 11,,921 54,564 21,598 2.016 6.348 13.234 58, 040 23,,225 1,,788 6,,652 14,,805 64,072 24,857 1,671 6,855 16,331 69, 715 27, 714 1,825 7, 611 18,280 72,794 30,800 1,938 8,518 20,544 76.216 55,442 1,705 9.289 22.456 164,779 25 26 80.611 27 57.429 28 1,821 29 10,365 50 25.258 51 25 26 27 28 29 30 31 Credit market debt Tax-exempt bonds Corporate bonds Mortgages Home mortgages Multl-femlly Commercial 32 33 34 35 36 Bank loans n.e.c. Commercial paper Acceptance liabilities Nonbank finance loans U.S. government loans 21,,718 531 301 2,,221 806 25.577 562 166 2.471 684 50,,657 578 245 2, 605 682 31,866 422 309 5,068 741 51,527 658 291 5, 147 752 55,510 515 296 5,994 779 57,458 769 417 5.558 856 58.401 1.094 447 5.875 922 37 38 39 Profit taxes payable Trade debt Foreign direct Inv. In U.S. 15,,988 37,,556 4,,633 20,085 46.514 5.076 18,,102 50, 588 5,459 15,971 52,149 5,710 13, 578 55,824 6. 115 15,817 61,073 6,604 15,615 64,124 6,910 14.995 57 67.855 58 7.592 59 305,,516 31,,723 552.509 51.705 567,469 51.521 592,252 51.954 407.523 52 #853 427,814 55.726 455,580 55.519 448.541 40 56.755 41 216,,033 44,853 269.175 59.165 289, 169 40.056 242,470 51.690 542.082 59,,114 561,299 59.955 554,114 45.691 428.294 42 58.475 45 40 Net worth Debt-net worth ratio (25/40) 41 32 33 54 35 56 Memo* 42 43 Market value of equities# including corp. ferm equities Debt-equity ratio (25/42) Net worth of corporate farms* from farm sector table Ratio of market value to net worth (%) (42/40) 45 44 46 Tangible assets 47 48 49 50 Reproducible asstts Residential structures Nonres. plant S equipment Inventories 51 Land 9, 190 9.588 9,900 10,552 11.015 11,218 11,284 11.628 44 70.757 80.952 78,,692 61.818 83.941 84.452 81.297 95.528 45 236,43# 256,302 281. 919 302,897 313,#9# 335.052 554,625 372.784 46 226, 174 2,,732 157,,140 66,,302 245.383 2,847 169,571 72,965 269, 78# 2, 959 186,287 80. 542 290,021 5,107 204,323 82,591 299,50# 3,392 215,607 80,309 319,055 3,771 228,#35 86,449 537,109 4,104 243,555 89,450 553,214 4,573 256,541 92,100 47 48 49 50 10,264 10,919 12. 131 12,876 14,590 15,997 17,516 19,570 51 52 Total assets 361,,065 398,391 429. 129 454,773 477,400 513.768 536,361 567,363 52 53 Net worth Debt-net worth ratio (25/53) 54 206,,032 47.010 221,494 47,595 239. 150 48.434 255,60# 49.034 268,279 49*74 285,984 50.452 296,996 52.093 312,344 53 52.755 54 Data are In eillllons of dollars. October 198ft Nonfinanclal Corporate Business Nonfinanclel Corporate Business 23 Sector Balance Sheets with Tangible Assets et Current Cost Year-End Outstandings Year-End Outstandings 1962 Nonfinanclal Corporate Business 1 527 ,068 547 ,341 575 .984 617 ,322 677 ,610 726 .638 789 .967 865 .812 Tangible assets (current cost) 2 3 4 5 434 ,026 7 ,361 3231,884 102 ,781 452 ,326 8 ,014 335 ,633 108 ,679 477 ,878 8 ,984 353 ,116 115,,778 515 ,965 9 .804 380 .964 125 .197 572 ,599 10 ,891 420 ,267 141 ,441 621,,393 11 ,650 457,,368 152,,375 684 ,696 13 .681 506 .007 165 .008 756 ,887 15 ,898 558 ,739 182 ,250 Reproducible assets Residential structures Nonres. plant 8 equlpeent Inventories 2 3 4 5 Land 6 6 93 ,042 95 ,015 98 ,106 101 .357 105 ,011 105,,245 105 .271 108,,925 7 206,,589 222,,245 237 ,055 258 .795 272 .297 288,,562 319,,227 351,,082 Total financial assets 63 .176 33 ,053 8 ,993 593 781 13,,786 4 ,600 1 ,370 61,.326 32 .371 8,.603 895 885 12 .081 3,.639 2,.852 63,,095 34,,817 9 ,682 670 1,,055 9 ,619 3 ,300 3,,952 68 ,569 37,,531 9 ,056 1 ,121 1,,587 10,,393 3 ,782 5 ,099 69,,008 43,,122 3,,652 3,,311 1,,173 7 ,322 2 ,800 7 ,628 10,,829 186,,144 85,,101 63,,704 9,,935 225 11,,237 1 7 Liquid assets Deeand deposits 8 currency Tlee deposits Security RPs Foreign deposits U.S. government securities Tax-exempt obligations Open-market paper 8 9 10 11 12 13 14 15 Consumer credit Trade credit Miscellaneous assets Foreign direct investment Insurance receivables Equity in spons. agencies Other 16 17 18 19 20 21 22 8 9 10 11 12 13 14 15 57,• 937 34, 564 5,>000 61,,337 33 ,427 5 ,687 790 13,582 2,,697 1,304 731 16,,736 3,,787 969 61,,670 32,,738 6 ,671 309 1,,097 15,,481 3,,680 1,,694 16 17 18 19 20 21 22 7, 031 96,,131 45,,490 37,,276 5,,684 90 2,,440 7,,839 102,,586 50,,483 40,,736 6,,031 90 3,,626 8,,726 111,,177 55 ,482 44 ,480 6,,350 91 4 ,561 9 ,637 124,.481 61,,501 49 ,283 6,,766 97 5 ,355 10 .013 136,,652 64,.306 51,.007 7,.331 120 5,.848 10,,315 144,,964 70,,188 55,,329 7,,999 134 6,,726 10,,406 163,,513 76,,739 58,,547 8 ,788 160 9 ,244 23 733,,657 769, 586 813,,039 876 ,117 949,,907 1015,,200 1109,,194 24 271,,432 293,,496 313,,999 347,,804 381 ,486 409,806 458,,238 507,,197 Total liabilities 268,,058 295,,518 325,,973 1216,,894 Total assets Credit market debt Tax-exempt bonds Corporate bonds Mortgages Home mortgages Multi-family Commercial 23 24 25 26 27 28 29 30 31 25 26 27 28 29 30 31 176 ,765 189,,238 201, 653 220 .672 243 ,237 84 ,643 41 ,888 2 ,001 11 ,413 28 ,670 88,,414 46 ,751 2 ,002 12,,403 32 ,375 92,,408 49,,443 1,,902 13,,657 33,.916 97 .800 51 .645 1 .997 14 .522 35 .166 108 ,024 54 ,492 1 ,598 15 ,247 37,,680 122,,682 56,,555 2,,102 16,,050 . 3*, ,474 135,,575 58,,824 2,,224 17,,082 39,,541 147,,550 58,,002 2,,008 18,,551 37,,479 32 33 34 36 41 .808 1 ,198 449 5,,644 1 .135 45,,314 968 332 6,,276 1 ,183 49,.955 1,.125 382 6 .958 1 .382 60 ,723 797 445 7 .586 1 ,676 69 .005 1 .622 531 7 ,521 2 342 75,,671 3,,034 652 7,,231 2,,233 85,,448 4,,249 787 8 ,978 1,,657 98,,834 5, 356 1,,141 13,,316 1,,774 Bank loans n.e.c. Commercial paper Acceptance liabilities Nonbank finance loans U.S. government loans 32 33 34 35 36 39 15 ,941 71 ,114 7 ,612 17 ,508 78 .806 7 ,944 18 .007 85 ,976 8 363 20 .169 98 ,166 8 .797 20 ,374 108 ,821 9 .054 15,,647 116,,178 9,,923 18,,508 133 ,397 10.815 15,,202 154,,204 11,,818 Profit taxes payable Trade debt Foreign direct Inv. In U.S. 37 38 39 40 41 662 .225 38.242 476 ,090 39*748 499 ,040 40.408 528 ,313 41.769 568 ,421 42.791 605 ,394 44.278 650,,956 45.397 40 709,,697 Net worth Debt-net worth ratio (25/40) 41 45.931 42 43 389,171 45.420 456.076 41.492 509.516 39.577 553,720 39,852 504.221 48.240 651.771 41,127 736.974 40.098 646.923 50.388 44 11.982 12.402 12.814 13.727 14.255 14.950 15.711 45 84.195 95.796 102.099 104.808 88.705 107.660 113.214 531,893 574,619 620.903 678,205 Tangible assets 501,694 8,412 357,939 135,343 542,245 9.013 386.579 146.653 586.239 10.117 418.144 157.978 639.283 11.623 454.386 173.274 Market value of equities, Including corp. farm equities 42 Debt-equity ratio (25/42) 43 Net worth of corporate fares. from fare sector table Ratio of earket value 91.154 to net worth (%) (42/40) 16.326 44 45 Tangibles and net worth on historical cost basist 46 47 48 49 50 394.837 373.409 5,232 270.794 97,383 418.173 394.887 6.067 285.646 103.174 445.602 420.328 6.915 303.428 109.985 482,941 455,091 7,717 327,914 119,460 51 21.428 23.284 25.274 27.850 30,199 32.374 34.664 52 601.426 640,418 682.657 741.736 804,190 863.181 940.130 53 54 329.994 53,566 $46,922 54,547 368,658 54,699 393,932 56,017 422,704 57,543 453.375 59,125 481.892 61.324 Data are in ellllons of dollars. 38.922 46 Reproducible assets Residential structures Nonres. plant 8 equipment Inventories 47 48 49 50 Land 51 1029.287 Total assets 52 53 522,090 Net worth Debt-net worth ratio (25/53) 54 62.436 October 1986 Nonflnenclal Corporate Business Sector Balance Sheets with Tangible Assets at Current Cost Year-End Outstandings Year-End Outstandings 1971 1970 1974 1972 1975 1976 Nonflnencial Corporate Business 1 Tangible assets (current cost) 2 3 4 5 Reproducible assets Residential structures Nonres. plant • equipment Inventories 6 Land 934.953 823.377 17.516 615.785 190.076 1008.425 893.870 20.200 672.937 200.733 1089.252 1231.514 1521.038 1651.681 1805,605 2004.344 966.298 21.261 727.758 217.279 1096.153 23.042 813.295 259.816 1362.786 24.914 1006.557 331.315 1487.304 25.837 1124.220 337.247 1627.296 27,616 1224.508 375.172 1803.382 30.309 1356.144 416.929 1 111.576 114.555 122.954 135.361 158.252 164.377 178.309 200.962 369,629 406.018 455.479 526.035 516.678 557.625 611.929 671.714 7 69.494 44.059 5.347 234 798 7.492 2.175 9.389 78.819 42.581 9.509 1.077 1.234 9.968 3.175 11.275 88.015 44.938 11.890 2.688 2.172 7.917 4.175 14.235 100.960 46.315 16.623 11.262 3.329 4.517 4.038 14.876 105.407 47.772 20.464 5.485 4.946 5.566 4.654 16.520 125.170 53.927 22.351 4.731 5.772 14.281 4.481 19.627 139.778 56.365 24.413 7.048 7.441 16.421 3.419 24.671 143.441 59.207 29.215 8.256 8.742 10.026 3.468 24.527 8 9 10 11 12 13 14 15 11 .430 194 ,621 94 .084 70 .269 10 ,831 336 12 ,648 15,,587 2071,528 106,,084 76,,588 11 ,878 559 17 ,459 14 ,052 254 ,175 119 ,259 81 ,505 15 ,729 577 25 ,650 14.929 275.544 156.602 91,715 15,689 596 28.802 15,459 250.556 145.476 100,564 17.816 415 26.885 15 ,825 256,,494 160,,136 114 ,140 20,,045 425 25,,550 17 .156 275 .795 179 .222 126 .585 25, 424 460 28 ,755 19.577 510,874 198.022 155,582 27.833 559 54.268 16 17 18 19 20 21 22 1304 ,582 1414,,445 1544 ,751 1757,549 2057.716 2209,,506 2417 ,554 540 ,981 580,,712 656 ,769 755.556 745.927 767,,694 850,,000 925,169 24 167 ,506 58 ,918 2 ,155 19 ,750 37 ,015 579, 468 86 186,,115 61, 422 5,,050 21,,672 56,,700 412 ,410 654 198,,500 64 ,185 5 ,626 24,,457 56 ,100 462.051 2.450 207.459 66.040 5.226 26.914 55.900 527.957 4.078 227.129 67.016 5.008 28,508 55.700 545 262 6 ,678 254,,555 66,,055 3,,655 28,,798 35,,600 586,,726 9 ,165 277,,164 68,,568 5,,018 29,,950 55,,600 657.497 17.577 500.041 72.252 6.778 51.974 55.500 25 26 27 28 29 50 31 103 ,582 7 ,155 1 ,545 13 ,952 2 ,059 107 ,574 6,,247 1,,809 14,,615 1 ,604 120,,457 6 ,968 1 ,856 18 ,187 1 ,845 150,955 8,582 2.568 22.279 2.158 181,799 12,515 3.623 28.112 3.667 169,,045 9 ,616 5 ,790 51 ,894 5 ,875 171,,551 11 ,049 5 ,082 40 ,515 41,056 191,490 12.808 5.721 55.782 4,02: 52 55 54 55 56 11 .472 161 .744 13 .270 15, 545 175,,985 13,,914 15 ,253 196 ,258 14 .868 15.651 255.098 20,556 16,717 174,129 25,144 14,,512 180,,458 27 ,662 21,,796 190,,708 50,,770 20.251 57 212.826 58 54,595 59 40 Net worth 41 Debt-net worth ratio (25/40) 763 .601 46,424 833 ,751 45*514 907 .962 45,421 1024,215 45,112 1293,789 40*805 1441,,612 37,823 1587,534 56,958 1750,889 40 57.552 41 42 43 649,394 54588 760.472 49,899 858,338 48*047 680.978 67,851 105,308 79,019 797,400 73,579 756,841 42 80*873 43 a.,*, «.«$ 37,072 40,693 44 50*228 43*226 45 7 Total financial assets 8 9 10 11 12 13 14 15 Liquid assets Demand deposits S currency Time deposits Security RPs Foreign deposits U.S. government securities Tax-exempt obligations Open-market peper 16 17 18 19 20 21 22 Consumer credit Trade credit Miscellaneous assets Foreign direct investment Insurence receivables Equity in spons. egencies Other 23 Total assets 24 Total liabilities 25 26 27 28 29 30 31 Credit market debt Tax-exempt bonds Corporate bonds Mortgages Home mortgeges Multi-family Commercial 32 33 34 35 36 Bank loans n.e.c. Commercial paper Acceptance liabilities Nonbank finance loans U.S. government loans 37 38 39 Profit taxes payable Trede debt Foreign direct In*. In U.S. including corp. farm equities Debt-equity ratio (25/42) 354 ,495 M R 45 "to°net worth*(*)*(42/40) 85*043 91*213 6 2676.058 25 94*534 66*487 38*748 47*845 828,166 919,113 1046,073 1111,612 1211,128 1354,403 46 869,215 14.892 612,559 241,964 992,286 14,950 673,618 303,718 1056,647 14.900 750.757 510,990 1154,649 14,917 794,641 545,091 1274,988 15,069 876,462 383,457 Tenglbles and net worth on historical cast basis* 46 Tangible assets 47 48 49 50 Reproducible assets Residential structures Nonres. plant • equipment Inventories 51 Land 52 Total assets 53 Net worth 54 Debt-net worth ratio (25/53) Data are In Millions af dollars. 724,691 684,117 13,004 488,550 182,563 769,831 727,322 14,663 521,246 191,413 782,786 14,736 560,625 207,425 47 48 49 50 40,574 42,509 45,380 49,898 53,787 54,965 56,479 59.415 51 1094,320 1175,849 1283,645 1445,148 1562,751 1669,237 1823,057 2006,117 52 553,339 64,064 595,137 63.761 646,876 63*754 711,812 64*911 818,824 64.475 901,543 60.480 993,057 59,082 1080,948 53 60,825 54 October 1986 Nonflnanclal Corporate Business Nonflnanclal Corporate Business Sector Balance Sheets with Tangible Assets at Current Cost 25 Year-End Outstandings 1978 Year-End Outstandings 1979 1984 Nonflnanclal Corporate Business 1 2311 .049 2618 ,467 2988.346 3370,840 3528.874 3682.175 5922,552 4062.555 4062.535 Tangible assets (current cost) 1 2 3 4 5 2076 .158 53 .515 1560 ,828 481 ,817 2551 .545 36 .711 1755 ,579 559 .255 2670.714 59,527 2010,571 620.816 2992,933 41,979 2277,016 673,938 3106.665 41.249 2406.915 658,501 5219,789 42,920 2469,044 707,825 5412.814 45,254 2594,519 775,261 5555.987 46.702 2700.764 788.521 Reproducible assets Residential structures Nonres. plant 8 equipment Inventories 2 5 4 F Land 6 6 234 .891 266 ,922 517.632 377,907 422.209 462.584 509.758 526.546 7 764 .455 888 ,605 994,422 1061,039 1077,133 1194,159 1284.579 1576.498 8 9 10 11 12 15 14 15 159 ,211 57 ,698 51 .174 15 .729 16 .661 11 .558 5 .658 24 .755 177 820 60 .509 55 ,877 16 ,543 21 .804 15 .105 5 .687 26 .695 196.509 62,571 59.853 22,915 24.623 18,701 3,490 24,356 214.027 57,873 54,758 22,922 22.965 17,714 3,470 54,525 248,250 65,252 65,029 26,645 22,555 25,000 5,556 42,237 502,761 69,445 81,645 57,887 25,680 50,998 4,201 52.907 524,485 75.625 92.572 55.557 20.595 58.174 4,066 62.316 559.779 78,442 99,292 57.546 18,445 55.050 4.902 66,522 16 17 18 19 20 21 22 20 ,587 567 .456 217,.199 151 ,761 55 ,415 581 51 ,442 21 ,762 457,,275 251 ,748 178 ,240 58 949 633 55 ,926 21.987 485,505 290,421 208,467 43,619 642 37,695 25.854 508,685 314,473 224.826 47.520 642 41,685 24,396 493,035 311.452 213.347 50,030 714 47,561 27.710 555.288 508.400 215.954 55,493 723 58.250 51.515 601.796 526,987 222,755 58.652 724 44,856 54,584 656.921 565.214 240.088 68.617 851 55.678 25 5075,.482 5507,,072 5982,768 4451.879 4606,007 4876.552 5207,151 5458.851 Demand deposits 8 currency Time deposits Security RPs Foreign deposits U.S. government securities Tax-exempt obligations Open-market paper 9 10 11 12 13 14 15 Consumer credit Trade credit Miscellaneous assets Foreign direct investment Insurance receivables Equity In spons. agencies Other 16 17 18 19 20 21 22 Credit market debt Tax-exempt bonds Corporate bonds Mortgages Home mortgages Multi-family Commercial 25 26 27 28 29 30 31 24 1071, 589 1255, 603 1578,889 1555,740 1610,381 1751,573 1987.610 2204.415 25 26 27 28 29 50 51 740,479 25, 041 521, 157 76,887 7,575 54, 714 54, 600 855, 593 55, 028 558, 465 78,452 7,055 57. 197 54.200 914,246 45.892 566.120 80,602 5,954 40,648 54,000 1019,410 59,523 588,881 78,652 4,544 41,408 52,700 1089,190 74,466 407,547 77.452 5.057 40,766 51,609 1151,487 85,897 425,573 80,937 8,400 41,597 50,940 1544,915 104,459 469.702 81.254 8,696 41.825 50,715 1512.127 127.059 543,580 81,655 9.165 41.690 50,800 52 55 54 55 56 225, 959 15,499 4, 954 65,268 5, 714 269. 696 24.518 6. 921 75.425 6. 908 295.904 28.026 8,558 80.788 8,576 3*9,368 42,722 10,724 90,169 9,571 578.653 57.614 10,553 92.294 10.851 599,639 56,775 15.820 102,446 10,400 476,652 58,490 15,216 127.582 11.600 515,198 72,207 14,160 146.058 14,250 Bank loans n.e.c. Commercial paper Acceptance liabilities Nonbank finance loans S. government loans 32 33 34 35 36 57 38 39 24.552 263.887 42.471 27. 075 516. 673 54,462 25,341 356,256 85.046 18.546 387.070 108.714 4,484 392,030 124.677 10.242 452,783 137.061 10,907 467,205 164,583 9.146 500,191 182,951 Profit taxes payable Trade debt Foreign direct lnv. In U.S. 57 58 59 40 41 2004.093 56.948 2273,469 56.,745 2603,879 55.110 2898,139 35.174 2995.626 36.359 5144.759 56.616 3219.521 41.775 5234,416 1 46*751 Debt-net worth ratio (25/40) 41 1 Mar? ?t value of equities. 2049,399 Including corp. farm equities 42 75.783 Debt-equity ratio (25/42) 45 1 42 43 781. 906 94,701 945,526 88,539 1304,408 70.088 1226.709 83.101 1397.566 77*934 1655.009 69.575 1634.825 82.266 44 48,097 55 513 61,050 59.878 56.668 55.616 48.401 45 59.015 41.501 50,094 42.327 46.653 52.627 50.778 46 1497,,745 1690.633 1879.332 2086.898 2206 ,488 2339.286 2555 343 2730 ,492 Tangible assets 46 47 48 49 50 1434,,108 15, 348 982, 063 436, 697 1623.381 15,730 1110.306 497.345 1805.510 16.054 1241.496 547.960 2005,222 16. 305 1392. 792 5*6. 125 2119 .370 16 .718 1525 ,173 577 .479 2244,498 17.117 1639,910 587,471 2452 ,972 18 ,265 1788, 522 646, 185 2619 ,931 19,,507 1942 ,975 657 449 47 48 49 50 1 Net worth of corporate farms, from farm sector table Ratio of market value 65*362 to net worth (%) (42/40) 42.720 44 45 Tangibles and net worth on historical cost basis: Reproducible assets Residential structures Nonres. plant 8 equipment Inventories 51 63, 637 67,252 73.822 81, 676 87 ,118 94.788 52 2262,,178 2579.23# 2873.754 3147,937 3283 ,621 3533.445 3839, 922 4106, 990 Total assets 53 54 1190.,789 62*183 1345.635 62#081 1494,865 61*159 1614. 197 *3* 152 1673 ,240 65.094 1801.872 63*905 1852, 912 72,,607 1902,575 Net worth 53 79*477 Debt-net worth ratio (25/53) 54 102,• 371 110, 561 Land 51 52 October 1986 Private Financial Institutions 26 Private Financial Institutions Sector Balance Sheets with Tangible Assets at Current Cost Year-End Outstandings Year-End Outstandings 1946 1947 1948 1949 1950 1951 1952 1953 Private Financial Institutions 1 Tangible assets 2 Nonres. plant 8 equipment 3 Land 4 Total financial assets 5 6 7 8 9 10 11 12 13 14 15 Demand deposits 8 currency Small time 8 savings dep. Large time deposits Fed. funds 8 security RPs Foreign deposits Corporate equities Credit market instruments U.S. Treasury securities Federal agency securities State 8 local obligations Corporate 8 foreign bonds 2,484 2.222 262 3,059 2,724 335 3.315 2,947 368 3.401 3.020 381 3.785 3,351 434 4,270 3,770 500 4,452 3.919 533 4,793 4,184 609 233.800 245.830 256.380 270,848 292,419 312,878 339.622 362.158 4 4.568 147 161 4.894 127 211 5,019 111 230 5.268 99 5.910 106 168 6.505 257 187 6,675 339 219 6.977 410 243 5 6 7 - - - - - - 1 2 3 9 - 4.923 198,566 118.379 1,049 6.615 18,969 5.271 208.856 111.430 1.070 7.587 22.699 5,559 216,346 102,353 2,066 8,628 27,625 8.065 231,012 105,986 2,104 10.173 31,212 9.412 248.206 99,384 1,892 12,506 34,274 10,257 263,795 95,972 1,830 14,125 37.918 11.866 287.223 98.087 2.187 15,776 42.874 12,941 306,999 98,466 3,760 17,841 47,602 10 11 12 13 14 15 16 17 18 19 20 21 Mortgages Consumer credit Bank loans n.e.c. Open-market paper Other loans Cust. liab. on acceptances 26,167 5,724 16.508 418 4,510 227 32,045 8.340 20.609 499 4.316 261 38,043 10,499 21,842 485 4,546 259 43,178 12,931 20,171 499 4,486 272 52,164 16,209 25,822 686 4,875 394 59,934 16,879 30,336 1,025 5,286 490 67.517 20.801 32.373 1,276 5,840 492 75,806 24,507 31,113 1.165 6,166 573 16 17 18 19 20 21 22 23 24 25 Security credit Vault cash 8 comm. bank res. Trade credit Miscellaneous flnan. assets 3.751 18.185 478 3.021 2.688 20.115 578 3,090 2,915 22,457 652 3,091 3,658 18,578 723 3,223 4,453 19.855 740 3.569 4,132 22,753 850 4,142 4,865 22,703 948 4,784 5,729 22,672 1,006 5,181 22 23 24 25 26 Total assets 236.284 248.889 259,695 274,249 296.204 317,148 344,074 366,951 26 27 Total liabilities 212.996 224.282 233.881 247,101 266,609 285,810 310,534 331,488 27 28 29 30 31 32 Checkable deposits Small time 8 savings dep. Money market fund shares Large time deposits Fed. funds 8 security RPs 87.835 56.531 90.064 59.892 89,488 62.052 90.329 64,624 95.924 67.024 102,743 71,914 107,902 79,803 3.419 17 3.599 -82 3,930 -95 4,294 -82 4.576 -61 4.546 7 4,874 22 108,025 88,014 5,824 37 33 34 35 Life Insurance reserves Pension fund reserves Interbank claims, net 38.602 9.542 1.505 41.147 10.942 1.850 43.777 12,571 1,911 46,444 14.368 2,403 49.080 17.511 3.735 51.635 20.367 3,666 54,480 24,184 3,702 36 37 38 39 40 41 42 Mutual fund shares Credit market Instruments Corporate bonds Mortgages Bank loans n.e.c. Open-market paper Other loans 1.297 1.754 356 1.412 2.515 548 1,515 3.619 973 3,070 4,468 1,355 3.344 6.354 1.735 3,481 6.953 2.025 3,931 8.198 2.280 661 436 301 942 593 432 1.367 770 509 1,735 951 427 2,697 1,112 810 2,460 1,559 911 3,139 1,915 864 43 44 45 Security debt Taxes payable Miscellaneous liabilities 2.366 457 9.671 1.582 348 11,013 2.068 495 12.550 2,588 708 13,887 2,960 868 15,294 2.681 1.098 16.719 3,056 1,434 18,948 3.445 45 1,903 44 20,688 45 46 Net worth 47 Approximate share stock cos. 48 Approximate share other cos. 23.288 17,819 5,469 24.607 18.171 6.436 25.814 18,783 7.031 27.148 19,936 7,212 29.595 21.269 8,326 31.338 22.462 8.876 33,540 24,308 9,232 35,463 46 25.374 47 10.089 48 49 Memo: Market value of equities 25,492 21,694 21.679 24,017 24,834 26.879 30,669 28.754 49 Data are In millions of dollars. 28 29 30 31 32 57,388 35 28,538 34 3,581 58 4,146 9,899 3,681 3,044 2,222 952 36 37 38 39 40 41 42 October 1986 Private Financial Institutions Private Financial Institutions Sector Balance Sheets with Tangible Assets at Current Cost Year-End Outstandings 1954 Year-End Outstei^SZtgs 1955 19S6 1957 1958 1959 1960 1961 Private Financial Institutions 1 2 3 5 .174 4 .441 733 5 ,997 5 ,113 884 6 ,928 5 .841 1 ,087 7 ,591 6 ,294 1,,297 8,,160 6,,645 1,,515 8 ,904 7 ,172 1 ,732 9 ,555 7 ,607 1 ,948 10 ,284 Tangible assets 8 ,065 Nonres. plant ft equipment Land 2,,219 4 394 ,017 427 ,303 452 ,772 476,,690 523,,161 558,,559 597 ,191 5 6 7 8 9 7 ,303 566 270 7,,687 696 224 7 ,819 862 159 8 ,077 999 125 8,,717 1. 335 160 8 554 1,448 82 8 ,937 1,,442 125 10,.044 1,,754 168 10 11 12 13 14 15 17 ,728 332 ,240 103 ,728 3 ,685 21,,260 51,,873 24 ,144 356 ,697 96 .028 3 ,156 22 .825 54 .857 25 ,946 378 ,697 91 ,684 2 .864 24 .140 58 .683 ft,530 401 ,927 90 ,685 3 ,351 26 ,449 65 ,157 36 ,361 434 ,585 99 556 3 ,942 30 ,508 70 ,687 42 ,634 463 ,227 92 ,640 3 ,138 32 ,791 74 ,907 46 ,239 497 ,022 94 ,274 4 ,022 34 ,835 79 ,545 61 .385 536 ,367 100 ,520 4 ,840 38 ,685 84 ,913 16 17 18 19 20 21 86,,499 25 ,510 31 ,280 1 ,147 6 ,385 873 100 .739 31 .706 38 .750 942 7 ,052 642 112 .799 34 ,872 44 .316 1 .007 7 .365 967 121 ,385 37 ,445 46 ,150 1 ,319 8 ,679 1 ,307 133 ,645 37 ,567 46 ,642 1 ,797 9 ,047 1 ,194 148 ,301 43 ,670 53 ,262 2 ,468 10 ,899 1 .151 161 ,284 48 ,423 56 ,787 2 ,405 13 ,420 2 ,027 177 ,338 50 ,688 59 ,868 2 ,707 14 ,125 2 ,683 Mortgages Consumer credit Bank loans n.e.c. Open-market paper Other loans Cust. llab. on acceptances 16 17 18 19 20 21 22 23 24 25 7 ,526 21 ,345 1 ,064 5 ,975 8 .645 21 .687 1 .156 6 .367 8 ,023 22 .320 1 .291 7 .655 7 .726 22 .369 1 .451 8 .486 9 ,172 21 ,753 1 ,599 9 ,479 9 .414 21 .186 1 ,782 10 ,232 9 ,615 20 .427 1 .934 11 .450 11 ,772 21 .076 1 .993 12 .447 Security credit Vault cash 8 comm. bank res. Trade credit Miscellaneous flnan. assets 22 23 24 25 26 399 ,191 433 .300 459 .700 484 .281 531 ,321 567 ,463 606 .746 667 .290 Total assets 26 27 657,,006 Total financial assets Demand deposits 8 currency Small time 8 savings dep. Large time deposits Fed. funds & security RPs Foreign deposits Corporate equities Credit market instruments U.S. Treasury securities Federal agency securities State S local obligations Corporate 8 foreign bonds 27 358 ,702 389 .089 412,,853 435 .840 477 ,417 510,,190 546 ,015 599 .504 Total liabilities 28 29 30 31 32 112 ,538 97 ,341 114 .678 106 .096 116 ,493 115,,660 115 .841 127 ,703 121 ,409 141,,951 122,,979 153,,428 125 ,022 165,,076 130 .140 183 .339 7 ,011 -20 6 .693 -205 6,,489 -210 6 ,701 -313 9 ,290 -252 7,,552 -28 11 ,119 -262 33 34 35 60 ,389 33 ,295 3 ,426 63 .459 40 ,498 4 ,858 66,,626 45,,679 5,,361 69 ,277 51,,332 4 ,283 72 ,294 60,,436 4,,418 75,,606 69,,246 5,,630 36 37 38 39 40 41 42 6 ,109 10,,094 3,,604 7 ,838 13 ,943 4,,528 9,,046 14,,796 5,,609 8 ,714 16,,376 6,,354 13,,241 15,,655 6,,556 3,,250 2,,373 867 5,,611 2,.387 1 ,417 5,,110 2,,849 1,,228 5,,113 3, 644 1,,265 43 44 45 4,,450 1,,634 22,,435 4,,746 1,,260 25,,225 4,,158 1,452 27,,303 46 47 48 40,,489 29,,216 11,,273 44 ,211 31,,223 12,,988 49 33,,991 37, 562 13 .569 14 Checkable deposits Small time 8 savings dep. Money market fund shares Large time deposits Fed. funds 8 security RPs 28 29 30 31 32 78 ,758 76,,728 6,,502 82 ,112 88 ,649 7 ,948 Life insurance reserves Pension fund reserves Interbank claims, net 33 34 35 15,,818 19,,358 7,,733 17,,026 22,,985 9,,112 22,,875 24,,869 9,,262 4,,406 3,,395 1,,298 5,,441 4,,050 2, 134 • 6, ,117 5,,775 1,,981 6, 643 6,,302 2,,662 Mutual fund shares Credit market Instruments Corporate bonds Mortgages Bank loans n.e.c. Open-market paper Other loans 36 37 38 39 40 41 42 4,,287 1,,635 .30,,004 4,,848 1,,698 32, 429 4,887 1,387 34, 327 5,,382 2, 364 »5, 315 6,,256 1,,392 38,,341 Security debt Taxes payable Miscellaneous liabilities 43 44 45 46,,847 32, 753 14,,094 48,,441 S3,,447 14,,994 53,,904 37,,315 16,,589 57. 273 39.568 17. 70S 60. 731 41. 602 19. 129 46 67, 786 Net worth 46,,778 Approximate share stock cos. 47 Approximate share other cos. 48 21.,008 37,,154 45, 586 59, 559 73. 182 75.874 117. 925 Memo: Market value of equities 49 Data are in millions of dollars. 10 11 12 13 14 15 October 1*86 Private Financial Institutions Private Financial Institutions Sector Balance Sheets with Tangible Assets at Current Cost 2 8 Year-End Outstandings Year-End Outstandings 1942 1963 19*4 1965 1966 1967 1968 1969 Private Financial Institutions 1 Tangible assets Nonres. plant 8 equipment 2 Land 5 4 Total financial assets 5 6 7 8 9 Demand deposits • currency Small time « savings dep. Large time deposits Fed. funds 8 security RPs Foreign deposits 10 11 12 13 14 15 Corporate equities Credit market instruments U.S. Treasury securities Federal agency securities State 8 local obligations Corporate 8 foreign bonds 16 17 18 19 20 21 Mortgages Consumer credit Bank loans n.e.c. Open-market paper Other loans Cust. llab. on acceptances 22 23 24 25 Security credit Vault cash 8 comm. bank res. Trade credit Miscellaneous flnan. assets 1 2 3 11 .338 8 ,898 2 ,440 12 ,237 9 ,615 2 ,622 13 ,727 10 ,843 2 ,884 15 ,576 12 ,460 3 ,116 17 ,477 14 .188 3 .289 19 .185 15 .935 3 ,250 22 ,124 18 ,753 3 .371 24 ,931 21 ,340 3 ,591 705 ,635 771 ,099 845 ,883 926 ,917 974 ,731 1076 .156 1184 .334 1239 ,894 4 5 6 7 10 ,981 1 ,919 160 11 ,048 2 ,046 141 11 ,267 2 ,236 224 11 .665 2 .252 211 11 .320 2 ,073 393 11 .658 2 ,266 959 12 ,346 2 .105 1 ,201 107 12 .007 1 .664 1 ,021 57 ,917 583 ,978 101 ,974 6 ,730 44 ,443 90 ,872 70 ,645 633 ,523 98 ,428 7 ,237 48 ,825 96 ,860 83 ,549 691 ,479 99 ,740 8 ,111 52 ,403 103 ,921 98 ,776 753 ,439 95 ,561 9 ,119 57 ,099 111 ,655 94 .401 801 ,143 92 ,118 10 ,727 59 ,718 120 ,886 122 .298 864 .430 96 ,182 14 ,090 70 ,160 133 .310 145 .141 939 .080 98 ,701 17 ,021 79 ,689 142 ,217 141 ,031 998 , 102 85 .087 18 .822 81 .238 150 .453 10 11 12 13 14 15 197 .873 55 .639 65 .860 3..141 14 .796 2 .650 223 ,583 62 ,972 72 .926 3 ,170 16 .632 2 .890 249 ,213 71 .292 81 .130 3 .577 18 .707 3 .385 274 .728 80 .223 96 .941 3 .511 21 .210 3,.392 292 ,558 86 ,037 106 ,449 5 ,324 23 .723 3 ,603 310 .681 91 .014 112 ,914 7 ,446 24 .316 4 .317 1 333 .355 101 .676 126 ,683 7 ,514 27 ,796 4 ,428 355 .063 111 ,592 144 .020 11 ,092 35 ,284 5 ,451 16 17 18 19 20 21 15 .083 211.308 2,.332 14,.973 15,.045 22, 382 2,,484 17,,217 15,.263 23,,298 2.,649 19,,364 15 .824 25 .244 2 .898 21 .435 20, 498 27,.023 3,.176 23,.848 24 ,659 29 .054 3 .476 27 .165 20 ,021 29 ,405 3 ,898 32 ,409 22 23 24 25 * " 12..423 21., 973 2.,201 14,.083 26 Total assets 716,,973 783,.336 859,.610 942,,493 992 .208 1095,.341 1206,.458 1264,.825 26 27 Total liabilities 645, 875 708,.051 777,,796 855,,387 903..781 1000,,120 1102,.502 1162,,385 27 134,,711 209, 127 136,,925 234,.662 143.,641 260,,196 148, 953 287, 330 150.,759 305,,206 162,896 339,,846 176.,210 366,,518 16,408 63 20. 353 26 25,,119 540 31, 033 1, 749 33.,356 1,,674 39,,269 1, 659 46.,009 2,,586 180,864 28 380,,605 29 30 30,,485 31 8.,707 32 118.,110 33 193. 193 34 23. 513 35 28 29 30 31 32 Checkable deposits Small time 8 savings dep. Money market fund shares Large time deposits Fed. funds 8 security RPs 33 34 35 Life Insurance reserves Pension fund reserves Interbank claims* net 85, 754 93, 295 7,597 89, 860 105,,689 7,,382 94,,172 120, 197 7.402 98,863 135,,050 7. 704 103,,450 143,,322 12,,002 108, 335 164.,000 12, 634 113, 138 1841 199 16.234 36 37 38 39 40 41 42 Mutual fund shares Credit merket Instruments Corporate bonds Mortgages Bank loans n.e.c. Open-market paper Other loans 21. 271 27. 943 9. 222 25,,214 33,,472 10,,530 29. 116 38,,847 12.834 35. 220 45. 267 15. 051 34.,829 49, 072 15.,275 44. 307 47. 968 15. 954 7. 764 7.478 3.479 9,,417 8, 741 4. 784 9. 952 10. 736 5. 325 12.290 11. 929 5. 997 11,,200 15, 662 6.,935 9. 217 18.411 4. 386 51. 232 53. 946 16.400 200 10. 691 21. 396 5, 259 47. 587 70.807 17.226 430 11. 112 32. 750 9.289 43 44 45 Security debt Taxes payable Miscellaneous liabilities 7, 066 1, 947 40. 693 7,,739 1.548 45. 181 8. 377 1. 759 48. 430 8. 737 1. 786 53. 695 9,576 1. 741 58. 794 12. 745 1.548 64, 913 16, 199 1, 708 74,523 13, 173 43 1,894 44 13.447 45 46 Net worth 47 Approximate share other cos. 48 71, 098 48. 064 23. 034 75. 285 51, 209 24. 076 81.814 55. 331 26. 483 87. 106 57. 079 30, 027 88. 427 56. 559 31.868 95,221 60,248 34. 973 103, 956 65, 099 38.857 2v2.440 46 64. 337 47 38, 103 48 49 Memo* Market value of equities 90.529 110. 586 118, 184 154, 980 139. 279 166. 929 237, 926 212,477 49 36 37 38 39 40 41 42 October 198* Private Financial Institutions Private Financial Institutions Sector Balance Sheets with Tangible Assets at Current Cost 29 Year-End Outstandings Year-End Outstandings 1971 1974 Private Financial Institutions 27.821 24,097 3.724 31 ,445 27 538 3 ,907 1339,704 1511 763 12,465 2.080 1,786 442 13,.340 2, 984 3,229 1. 168 10 11 12 13 14 15 150 .361 1076 .256 91 .990 25 .661 93 .798 163 .518 16 17 18 19 20 21 34 ,772 30 ,677 4,• 095 40 ,124 35 ,778 4,,346 49 ,804 44 .950 4 .854 54 ,669 50 ,140 4,,529 61 .083 56 ,408 4 ,675 1736,,964 1889,886 1998 ,251 2229,,427 2488,,790 15,.109 3,559 5. 019 1.667 15, 632 2, 910 6. 607 3. 709 16 ,068 3 ,278 12,,339 6,,107 18,,139 3,270 22, 745 5. 059 18,,795 3, 333 20,,308 6. 682 21,067 4,171 24.957 9.688 14 195 ,570 1184 ,787 91 ,129 33 841 110 ,375 177 .512 237 ,409 1337 ,681 93 ,936 44 .543 122 .126 194 .172 204 ,819 1508 ,377 83 ,245 57 ,218 131 ,457 206 .976 158 .254 1648 .943 81 .325 65 .487 138 .595 223 .654 216 .161 1781 .479 124 .494 76 .754 146 .332 256 .504 254 ,963 197* .380 161 .571 86 ,480 158 ,677 283 ,056 246 ,970 2237 .743 168 ,434 101 .474 181 ,389 319 ,132 375 .439 115 ,495 150 ,726 14 ,694 37 ,877 7 ,058 416 .425 128 ,691 162 .232 1* .471 40 .222 7 .889 47* .724 147 .121 188 .464 18 .332 45 .365 * .898 542 .307 170 .287 237 .308 18 .164 52 .523 8 .892 580 ,302 178 .896 278 .288 23 .887 60 .025 18 ,484 614 .250 183 .666 264 .952 30 .444 65 .356 18 .727 677 ,127 204 ,452 271 .764 35 .406 75 .324 22 .523 773 ,240 240 ,794 300 .633 36 .432 90 ,561 25 ,654 Mortgages Consumer credit Bank loans n.e.c. Open-market paper Other loans Cust. llab. on acceptances 17 18 19 20 21 22 23 24 25 20 ,174 31 ,197 4 ,370 40 ,573 23 .525 35 ,329 4 .661 47 ,170 32 ,056 34 ,295 5 ,842 *4 .327 24 .300 37 ,748 6 .485 79 .299 20 ,546 37 ,483 7 ,020 88 .213 23 .634 38 .304 7 ,668 112 .968 34 .856 37 ,279 8 .878 127 .316 38 ,052 40 ,792 10 ,176 146 ,740 Security credit Vault cash 8 comm. bank res. Trade credit Miscellaneous flnan. assets 22 23 24 25 26 1367 .525 1543 ,208 1771 ,736 1930 ,010 2048 ,055 2284 ,096 2549 .873 2849 ,408 69,038 Tangible assets 64,100 Nonres. plant 8 equipment 4,938 Land 2780.370 Total financial assets Demand deposits t currency Smell time 8 savings dep. Large time deposits Fed. funds & security RPs Foreign deposits Corporate equities Credit market Instruments U.S. Treasury securities Federal agency securities State 8 local obligations Corporate 8 foreign bonds otal assets 5 6 7 8 9 10 11 12 13 14 15 16 26 27 1266 ,342 1430,,927 1*49 881 1805,,200 1926,,992 2168 ,184 2416 ,317 2700,,777 28 29 30 31 32 190,,202 411,,437 203,,402 479,829 223, 190 549,479 236,,121 588, 698 54, 692 4,,650 68, 115 8, 666 86, 914 11, 136 126, 021 27, 390 236,,087 626,409 2, 379 167, 087 30,277 244,,045 724, 377 3, 696 158, 153 31,805 258,,265 845,,930 3,,686 144,277 45, 639 283, 729 940,487 3,887 172,579 58, 135 Checkable deposits Small time 8 savings dep. Money market fund shares Large time deposits Fed. funds 8 security RPs 28 29 30 31 32 33 34 35 123, 345 211, 657 18,939 129,626 245.224 12,545 136,349 290. 174 9,884 143,522 294, 307 3,375 150,528 298,513 2,059 158,474 389, 787 -9.395 167,073 450, 170 -17.583 176.386 495. 940 -24,134 Life insurance reserves Pension fund reserves Interbank claims, net 33 34 35 36 37 38 39 40 41 42 46.811 76, 756 21.002 546 11.526 33.067 10.615 55.446 81,419 25. 906 680 13,050 33,847 7,93* 58,926 96,332 32,953 1,160 19,520 34,720 7.979 46,635 123.449 37,393 1.480 27. 757 41,672 15,147 35, 151 150,686 40.473 1.649 31,641 55 119 21.804 43.034 151.739 47.361 2.028 28,07* 56.429 17.845 46.510 159.593 53.872 2.416 24,985 62.458 15.862 45,491 188,217 65,837 2,428 24,645 75, 134 20. 173 Mutual fund shares Credit market Instruments Corporate bonds Mortgeges Bank loans n.e.c. Open-market paper Other loans 36 37 38 39 40 41 42 43 44 45 14.153 2.479 111.221 15,299 2,443 128,913 19.502 2,450 165,545 16.075 2,608 196,999 13,150 2. 693 211. 973 16.034 2.437 253. 998 23.945 2.929 285.883 24,871 3,846 331,343 Security debt Taxes payable Miscellaneous llebllitles 43 44 45 46 47 48 101.183 62.017 39.166 112.281 67.352 44.929 121.855 ll'iH 50*426 124,810 ll'Hl 51.343 121.063 67.028 54.035 115.912 59.947 55.9*5 133.556 69,474 64.082 148.631 Net worth 46 73.303 Approximate share stock cos. 47 75.328 Approximate shere other cos. 48 235.628 269.262 210.422 131.376 149.868 198.600 183.059 Memo: Market value of equities 49 Di October 1986 Private Financial Institutions Private Financial Institutions Sector Balance Sheets with Tangible Assets at Current Cost 30 Year-End Outstandings Year-End Outstandings 1979 1980 1981 1982 1983 1985 Private Financial Institutions 1 Tangible assets 2 Nonres. plant t equipment 3 Land 4 Total financial assets 82,312 76,641 5,671 92,098 86,374 5,724 105,837 99,350 6,487 120,073 112,741 7,332 129,202 121,513 7,689 136,757 128,580 8,177 149,535 140,616 8,919 153,009 9,152 2 3 4 162,161 1 3162,562 3580.922 4030,986 4832,276 5408,762 6079,577 5 6 7 8 9 Demand deposits & currency Small time 8 savings dep. Large time deposits Fed. funds 8 security RPs Foreign deposits 6937,860 23,921 2,248 37,277 11,488 470 26,685 2,603 48,031 16,988 5,109 29 ,581 2 ,850 62 ,146 20 .885 6 ,769 33 .157 3 ,231 85 ,432 37 ,247 18 .846 39 ,353 5 ,699 98 ,904 44 ,137 23 .759 41 .321 7 ,313 91 ,037 57 ,017 21 .911 10 11 12 13 14 15 Corporate equities Credit market instruments U.S. Treasury securities Federal agency securities State 8 local obligations Corporate 8 foreign bonds 43,770 6,940 89,040 80,460 21,213 54,926 9,565 90,285 91,935 19,027 265,157 2544,428 163,790 123,492 207,647 354,586 310,554 2863,365 177,438 143.858 227.898 382.899 404 ,747 3149 ,834 216 ,770 177 ,480 251 ,493 416 ,539 384 .102 3469 .246 256 .581 216 ,315 263 ,195 444 ,576 468 .660 3693 .599 331 ,949 273 ,160 283 ,121 469 ,361 600 .969 4085 .488 398 ,492 338 ,023 297 ,828 509 ,134 598,064 4634,686 475,082 366,332 318,740 568,470 792,745 5186,983 577,392 390,864 412,336 626,625 10 11 12 13 14 15 16 17 18 19 20 21 Mortgages Consumer credit Bank loans n.e.c. Open-market paper Other loans Cust. llab. on acceptances 880,529 284,325 359,352 41,142 104,627 24,938 978,889 323,580 409,715 67,179 119,444 32,465 1042, 189 327. 169 456, 951 89, 707 131,746 39,790 1093,,240 344,477 509,235 141, 109 149,434 51,084 1084,,806 361,.887 526,814 148,697 154,985 58,819 22 23 24 25 Security credit Vault cash 8 comm. bank res. Trade credit Miscellaneous flnan. assets 1181,,157 410,> 709 556,473 157,440 170,560 65,672 1327,986 494,100 613,240 199,818 201,486 69.432 1458,611 579,313 654,132 203,434 224,106 60,170 16 17 18 19 20 21 36,821 46,693 11.656 182,403 37,090 48,280 13,591 208,626 44,388 47,263 15,575 246,948 47.285 43.851 18. 117 283, 795 50,977 46,021 20,242 340,925 60,796 42,442 22.239 378,229 63,548 46,057 25,000 470,799 81,296 54,168 27,190 529,740 22 23 24 25 3673,020 4136,823 4544.382 4961,478 5545,519 6229,112 7100,021 26 26 Total assets 27 Total liabilities 3065,389 3461,362 3887,286 4287,166 4698.704 28 29 30 31 32 5258,007 Checkable deposits Small time 8 savings dep. Money market fund shares Large time deposits Fed. funds 8 security RPs 5900,036 6731,786 27 310,131 1005,760 10.808 227,177 82,781 337,717 1066,854 45,214 255,077 100,709 349,298 1149,218 74,448 316,326 123,254 366,501 1196,796 181,910 377.916 140,642 393.888 1335.390 206,607 396,153 148,143 421,110 1551,846 162,549 382,512 177,619 33 34 35 Life insurance reserves Pension fund reserves Interbank claims# net 457,970 1702,664 209,732 470,000 201,305 524,773 1842,842 207,535 488,982 224,861 187,257 573,766 -14,050 197,675 679,759 5,095 207,364 837,469 -26,885 216,308 901,550 -51,758 223,279 1054,496 -109,673 231,100 1246,281 -108,646 36 37 38 39 40 41 42 Mutual fund shares Credit market Instruments Corporate bonds Mortgages Bank loans n.e.c. Open-market paper Other loans 236,066 1347,231 -92.624 243,641 33 1588,949 34 -67,544 35 46,050 223,821 73,686 1,960 26,428 89,077 32,670 51,789 265,777 79,148 1,950 26,927 115,914 41,838 63,745 286,386 80,765 1,910 25,909 128,839 48,963 64,017 340.917 85,172 1,930 27,102 161,519 65,194 90,009 368,878 97,689 2,043 28,970 174,175 66,001 130,148 395,322 109,984 2,068 43 44 45 Security debt Taxes payable Miscellaneous liabilities 28,854 195,463 58,953 162.458 459.462 133.318 2,479 29,518 219,526 74,621 282,98 7 36 546,471 37 170,514 38 2,668 39 32,058 40 252,396 41 88,835 42 24,907 4,739 382,242 25,971 4,997 424,728 32,002 3,607 471,054 34,472 2,043 515,852 38,096 1,994 551,444 41,879 2,003 624,284 47,096 1,863 696,813 57,899 43 2,044 44 788,346 45 46 Net worth 47 Approximate share stock cos. 48 Approximate share other cos. 179,485 80,670 98,815 211,658 100,974 110,684 249,537 127,683 121,854 257.216 133,442 123.774 262,774 136.841 125,933 287,512 152,639 134,873 329,076 198,725 130,351 49 Memo: Market value of equities 189,394 221,174 368,235 46 228,383 47 139,852 48 260.591 304.603 340,697 359,389 495,018 49 Data are in millions of dollars. 28 29 30 31 32 October 1986 All Sectors—Flows All Sectors—Flows Stock-Flow Reconciliation for Consolidated Domestic Net Assets 3i Annual Flows Annuel Flows 1955 1948 1946 Domestic Investment flows: 1 2 5 47 .266 23 ,310 23 ,956 55 .472 28 .575 26 .899 6# ,999 33 .038 56 ,961 61 ,521 36 ,115 25 ,408 85 .849 39 .458 46 .391 90 .342 45 ,665 44 ,679 82 .782 49 .708 55 .074 87.600 Purchese of physical assets 55.541 - Capital consumption 54.259 • Net capltel formetlon 4 5 4 .529 28 ,285 9 .853 56 .752 5 . 10F 40 .069 1 ,297 26 ,705 -2 .249 44 .142 656 45 ,555 323 55 .397 -1.729 • Net foreign Investment 52.550 * Net Investment flows by domestic sectors Adjustments for tangible assets: 6 7 52 ,665 12,>542 56 .690 121.241 8 -5 -1 9 10 -70 525 11 -64 12 - 20.,572 9 ,082 - 725 961 6 ,155 -1 -24 - - 45 .404 19 ,806 52 ,955 17 ,197 -2 - 1 ,552 - 6 ,060 8 ,870 - -842 735 - ~ -151 -144 -21 5 120 1 -15 15 -18 24 76 60 Reveluetlons of reproducible tenglble assets 2.047 7.425 Chenge in land values Less* Adjustments of capital consumption to Balance Sheet basis Adjustments to net foreign Investment: 1.745 Revel, of net foreign claims Revel, of SDR holdings Foreign purchases of U.S. corporate equities U.S. purcheses of foreign equities -51 55 9 10 11 12 15 95 ,561 105 .871 70 ,289 351,775 1081,865 94 ,671 49 ,005 * Net change In consolidated domestic net worth 45.851 14 95 ,361 105 .871 70 ,289 55 ,775 108 ,865 94,,671 49 ,005 By sector: 45.851 Total, all sectors 15 16 17 18 19 20 21 89 ,859 109 ,492 57 ,695 14 .978 15 ,747 21 .525 .751 95 ,750 116 ,287 61 .640 8 .599 16 .464 28 .265 1 .519 61 ,777 72 ,578 40 .311 2 .253 9 .634 19 .175 1 .207 56 ,920 50 ,054 55 ,641 -1 ,014 5 ,797 10 ,276 1 ,554 101 ,287 155 ,582 99 ,716 18 .086 12 .184 25 .149 2 .447 94,,819 158,,867 91,,547 11,,590 10 .117 24,,070 1,,745 56,,245 75,,529 53,,724 -214 4,,189 15,,628 2,,202 50.910 Private sectors, consolidated 46.001 Sector basis, totel Households 26.844 Form business -2,018 Nonfarm noncorp. business 4.122 Nonfinancial corp. business 15.150 Private finen. institutions 1.925 17 18 19 20 21 22 25 24 27 .676 2 .561 25 ,515 24 .462 1 .216 25 .246 11 .729 4 .781 6 .948 2 ,854 679 2 ,175 29 .004 41.556 24 .648 • 20 ,710 1 ,807 18 ,905 5 ,989 164 5 ,825 2.246 - Change In eq.ln noncorp.bus Proprietors' net Invest. -155 Revaluation of equity 2.581 22 25 24 25 26 27 -8 .214 852 -9 .066 -2 .255 905 -5 .156 -1 .216 880 -2 .096 7 ,754 368 7 ,586 23 .944 458 23 .506 22,,495 1,,529 20,,964 15,,686 1 ,111 12 ,575 -8.250 - Change in HH corp. equities Net purchases 566 Revaluation -8.796 25 26 27 28 29 50 191 558 -147 548 414 -66 288 561 -73 2 ,506 878 1 ,628 1 .547 989 558 845 725 120 1 ,609 1 ,445 166 1.075 - Change/fin.Inst.corp.shares Net purchases 1.296 Revaluation -221 28 29 50 51 52 55 54 956 228 1 .683 25 14 .550 112 14 .210 28 7 .604 -1 .048 8 .644 8 -5 ,524 -1 ,764 -3 ,573 13 5 .275 -1 .991 7 .258 26 4,,180 -1,,500 5,,459 21 -7,,028 -2,,185 -4,,874 51 • Change In net flnan. assets of public sectors -8.440 State 8 locel governments -2.026 U.S. government -6.451 Sponsored credit agencies 17 51 52 35 54 55 36 57 -681 1 .555 954 -1 .802 -2 .215 1 .808 1 .249 483 -824 -765 2 .383 561 -799 817 2 .285 -2,,682 -5,,059 1,,595 -I,,764 -290 1,,840 -2.410 1.255 2.536 58 578 .559 684 .410 754 ,699 788 .474 897 ,557 992,,008 1041,,011 1084.862 212.587 288.255 551.624 15 16 • Other edlustments: Nonflnanclal dlscrepency Unallocated financial flow; 57 Unallocated revaluations Total domestic net assets at yeer end 571.556 Memo* Gross national product 59 October 1986 All Sectors—Flows 32 Annual Flows All Sectors—Flows Stock-Flow Reconciliation for Consolidated Domestic Net Assets Annual Flows 1954 195* 1959 1960 19*1 Domestic Investment flows: 1 Purchase of physical assets 2 - Capital consumption 3 • Net capital formation 86.166 57,591 28.575 108,591 60.650 47,941 110.864 67,517 43.347 110,741 72.918 37.823 100.673 76.260 24.413 122,980 79.780 43.200 121.645 82,586 39.059 119,017 85,200 33,817 4 • Net foreign investment 5 « Net investment flows by domestic sectors -261 28*314 26 47,967 45.459 2,112 4.568 42.391 356 24,769 -1.879 41.321 1,803 40.862 2,833 36.650 Revaluations of reproducible 6 tangible assets 2.687 15.036 7 Change in land values Less: Adjustments of capital consumption 8 to Balance Sheet basis -3 20.986 16.870 35.172 29.195 8.530 20.533 8.804 23,766 4.376 19.606 -2,946 21.605 -1,525 19,340 Adjustments to net foreign Investment: 9 Revel, of net foreign claims 263 10 Revel, of SDR holdings 678 1 2 3 Adjustments for tangible assets: Foreign purchases of 11 U.S. corporate equities - U.S. purchases of 12 foreign equities 13 * Net change In consolidated domestic net worth By sector: 14 Total, all sectors -1 " " -3 1 118 787 - 10 135 127 256 147 -54 351 203 323 11 256 173 111 35 332 195 86 325 12 46 .182 86 ,456 111.480 71 ,687 57.161 66,245 58,662 54.606 13 54.606 14 46 .182 86 .456 111.480 71 ,687 57.161 66,245 58,662 15 Private sectors, consolidated 16 " Sector basis, total 17 Households 18 Farm business 19 Nonfarm noncorp. business 20 Nonfinancial corp. business 21 Private flnan. institutions 55 ,328 136 ,497 111 ,017 1 ,964 3 ,914 14 ,576 5 ,026 83 .714 150 .741 108 .562 2 ,828 8 ,436 27 .193 3 .722 110.758 148,917 92,038 7,317 11,966 34,960 2,636 73 .977 48 .368 9 .399 6 .180 6 .432 24 .763 1 ,594 73.963 202.048 164.759 9.748 6.787 15.291 5.463 73,892 114,393 82,405 2,906 5.422 20.291 3.369 60,959 62,842 45,532 944 5,142 7,766 3.458 22 - Change in eq.ln noncorp.bus. 23 Proprietors' net invest. 24 Revaluation of equity 5 ,740 -1 ,841 7 .581 11 ,066 -1 ,923 12 ,989 18.771 -1.280 20,051 12 ,180 913 13 .093 15.852 222 15.630 8.125 -2.568 10.693 6.020 -2.503 8.523 10.254 22 448 23 9,806 24 25 - Change in HH corp. equities 26 Net purchases 27 Revaluation 70 ,642 303 70 >339 49 ,545 175 49 ,370 17,586 936 16,650 -37 ,373 474 -37 ,847 101.402 -49 101,451 26.103 -1.158 27.261 -7.742 -1,967 -5,775 99.497 25 -1.847 26 101.344 27 28 - Change/fin.Inst.corp.shares 29 Net purchases 30 Revaluation 4,,787 1.,735 3.,052 6.,416 1,,642 4, 774 1,802 1,498 304 -416 2 194 -2, 610 10,831 2,605 8,226 6.273 3.347 2,926 3,605 3,416 189 15.146 28 4.404 29 10.742 30 -4,328 1,458 38 -15,910 -4,797 -11,148 35 -6.710 -3.659 -3.081 3u -1,263 -3,223 1,929 31 63.095 187.992 157.578 4,904 5.694 12.761 7.055 15 16 17 18 19 20 21 31 32 33 34 • Change in net flnan. assets of public sectors State 8 local governments U.S. government Sponsored credit agencies -9, 363 -3,904 -5.473 14 -572 -4,243 3,653 18 934 -3,363 4,284 13 35 36 37 • Other adjustments* Nonfinancial discrepancy Unallocated financial flows Unallocated revaluations -2.658 273 2,602 -1,804 3,005 2, 113 1,895 -530 -1,577 473 -1, 103 219 -843 -268 1,545 -687 -1,795 2,807 -894 -2,947 1.209 35 491 36 -380 37 1131,044 1217,500 1328,980 1400.667 1457,828 1524,073 1582,735 1637.341 38 372,495 405,906 428,212 451,036 456*736 495,805 515,323 533.815 39 38 Total domestic net assets at yeer end 39 Memo* Gross national product Data are In millions of dollars. nzz ,172 -9.809 -4.068 -5,787 46 31 32 33 34 October 1986 All Sectors—Flows All Sectors—Flows Stock-Flow Reconciliation for Consolidated Domestic Net Assets 33 Annual Flows Annual Flows 1963 1964 Domestic Investment flows: 1 2 3 134 .670 87 ,799 46 ,871 144 ,905 91,,280 53 ,625 156 .473 95 ,666 60 ,807 179,,610 100,,628 78,,982 197,,135 107 489 89,,646 196,,314 116,,768 79,,546 218,,006 127,,999 90,,007 4 5 2 ,264 49 ,135 4,,052 57 ,677 5 ,914 66 ,721 4,,973 83,,955 3,,661 93,,307 2, 377 81,,923 1,,060 91,,067 239 ,444 Purchase of physical assets 141 ,450 - Capital consumption 97 ,994 * Net capital formation -1 ,044 • Net foreign Investment 96 ,950 • Net investment flows by domestic sectors 1 2 3 4 5 Adjustments for tangible assets 6 7 87 14.614 8 -1 -5,937 16,613 - 12,772 21,429 3 . - 2 12,006 23.038 45,470 40,265 36,007 17,058 95,366 24,242 -2 -2 -2 -4 9 10 -162 -1,733 - 1.653 - 33 - -1.175 - -632 -347 - 11 109 ' 225 -292 -400 -305 698 2,097 12 -25 111 210 298 -253 50 155 13 63,809 66,737 102,075 118,336 177^817 135,006 Revaluations of reproducible 91,769 tangible assets 24,744 Change in land values Less: Adjustments of capital consumption -1 to Balance Sheet basis 8 Adjustments to net foreign Investment: 584 Revel, of net foreign claims - Revel, of SDR holdings 9 10 Foreign purchases of 1.565 U.S. corporate equities - U.S. purchases of 467 foreign equities 6 7 11 12 212,274 * Net change in consolidated 215.146 domestic net worth 14 15 16 17 18 19 20 21 13 14 63,,809 66, 737 102,,075 118,,336 177,,817 135,,006 212,,274 By sector: all sectors 215,,146 15 16 17 18 19 20 21 72,,996 19,,669 -9,,789 5 ,066 7 ,196 13 ,884 3 ,312 70, 015 166,,929 136,,787 5,,990 6,,100 13,,865 4,,187 108.,084 183,,090 138,,006 5,,894 9,,711 22,,950 6,,529 119,,529 221 ,028 164 ,065 13 ,044 9 ,354 29 ,273 5 ,292 179,,404 142,,426 73 ,479 7 ,534 19 ,984 40,,108 1,,321 154,,280 334,,171 273,,064 9,,934 7 ,406 36,,973 6,,794 223,,229 407,,260 321,,579 10,,874 20 ,510 45,,562 8,,735 207.692 207, ,692 Private sectors, consolidated 121,,740 Sector basis* total Households 37,,609 Ferm business 8,,788 Nonfarm noncorp. business 18,,118 Nonfinanclal corp. business 58,,741 Private flnan. institutions -I,,516 22 23 24 11 ,908 196 11 ,712 11,,670 1,,639 10,,031 15,,193 -651 15,,844 21 .485 316 21 ,169 26,,990 -785 27 ,775 16 ,645 -950 17,,595 30,,623 -1,,932 32,,555 25 26 27 -61 ,767 -3 ,753 -58 ,014 72 ,516 -4,,005 76,,521 46,,909 -2,,178 49 ,087 64 ,787 -5 ,329 70 ,116 -59 ,593 -4 ,357 -55 ,236 135,,349 -7 ,205 142,,554 130, 565 -12 ,304 142,,869 -108,,133 - Change in HH corp. equities Net purchases -8,,567 Revaluation -99 ,566 25 26 27 28 29 30 -3 ,468 4 ,228 -7 .696 12 ,728 3 ,889 8 ,839 12,,904 3,,997 8,,907 15 ,227 6 .026 9 ,201 -4,,375 5 ,744 -10 .119 27,,897 9 ,034 18,,863 22,,843 10,,829 12,,014 -4,,110 - Change/fin.Inst.corp.shares Net purchases 12,,211 Revaluation -16 ,321 28 29 30 31 32 33 34 -7 ,734 -3 ,292 -4 .497 55 -3 ,474 -2 ,019 -1 ,514 59 -6 ,737 -3,,042 -3,,744 49 -3 ,781 -2 .905 -931 55 -5 ,657 -2 .463 -3 ,240 46 -18 ,194 -4 ,803 -13 ,433 42 -14,,575 -5,,114 -9 ,476 15 + enlange in net finen. essets of public sectors -3 ,539 State 8 local governments -9 ,997 U.S. government 6 .423 Sponsored credit agencies 35 31 32 33 34 35 36 37 -67 -541 -845 605 939 -1 ,348 1,,395 -455 -212 1 ,241 1 ,833 -486 -2 ,104 313 5 ,861 376 78 -1,,534 1,,121 4,,475 -1,,976 3 ,896 10 ,321 -3 ,224 38 1701 ,150 1767 .887 1869 ,962 1988 .298 2166 .115 2301 .121 2513,,395 2728,,541 39 574 ,643 606 .898 649 ,774 705 ,099 771 ,982 816 ,382 892 ,652 963 .946 26 ,291 - Change in eq.in noncorp.bus. 22 Proprietors' net Invest. 23 -4,,467 Revaluation of equity 24 30,,758 • Other adjustments: Nonflnanclal discrepancy 35 Unallocated financial flows 36 Unallocated revaluations 37 Total domestic net assets at year end Gross national product 38 39 October 1986 All Sectors—Flows All Sectors—Flows Stock-Flow Reconciliation for Consolidated Domestic Net Assets 34 Annual Flows Annual Flows 1973 1971 Domestic lnve«+!»ent flowsi 1 Purchase of physical assets 2 - Capital consumption 3 * Net capital formation * 4 • Net foreign investment 5 * Net investment flows by domestic sectors 234.465 154,577 79.888 270.070 169.383 100.687 313.207 184.349 128,858 363.507 201.554 161.953 364*616 231.333 133.283 354.920 268.788 86.132 439*142 297.791 141.351 528.552 332.704 195.848 1 2 3 2,115 82*003 -11.211 89,476 -7.676 121.182 4.483 166.436 2.515 135.798 23*978 110*110 14.747 156.098 -16.524 179.324 111.802 38.633 116.583 70.835 220.679 128.834 428*396 102*848 220*562 101*560 257.848 175.915 358*078 209.218 -835 717 77 1.693 -2.810 1.382 -2*760 36 -1*170 -105 .528 -18 -3.334 9 106 10 836 2.434 2*763 539 4*667 2*753 2.675 11 27 -412 -199 -249 184 322 409 12 Adjustments for tangible assets: Revaluations of reproducible 6 tangible assets 77*348 7 Change in land values 18*861 Less: Adjustments of capital consumption 8 to Balance Sheet basis Adjustments to net foreign investment: 9 Reval. of net foreign claims -2.213 10 Reval. of SDR holdings 867 Foreign purchases of U.S. corporete equities U.S. purchases of foreign equities 697 68 * Net change in consolidated domestic net worth 745.659 13 By sector: 14 Total, all sectors 177.495 240*604 313.216 517*486 665*107 435*441 594.805 745*659 14 15 Private sectors, consolidated 16 Sector basis, total 17 Households 18 Farm business 19 Nonfarm noncorp. business 20 Nonflnanclal corp. business 21 Private flnan. Institutions 191.682 202.428 131.173 6.199 12.409 53.904 -1.257 267.335 448.600 325.552 18.869 22.951 70.130 11.098 325.472 516.416 365.371 34.910 32.330 74.231 9.574 514*983 408.789 159.179 77.577 52.827 116.251 2.955 708*142 557*338 189.715 31.112 70.682 269.576 -3.747 501*460 791.825 551.480 57.006 40.667 147.823 -5.151 647.275 926.935 627.092 70.688 65.589 145.922 17.644 786*675 885*016 552*351 51.738 102.497 163.355 15.075 18.174 -5.577 23.751 40.499 -3.666 44.165 64.796 -7.605 72.401 124*974 -6,899 131.873 99.616 -14.888 114.504 93*683 -14*121 107*804 131.328 -23.666 154.994 150.614 22 -27.813 23 178.427 24 25 - Change in HH corp. equities 26 Net purchases 27 Revaluation -16.758 -4.261 -12.497 95.557 -6.380 101.937 84.309 -9.858 94*167 -198.578 -4.315 -194*263 -203.855 -1.037 -202.818 138*775 -7.308 146.083 109.530 -430 109*960 -44.280 25 -8.179 26 -36.101 27 28 - Change/fin.Inst.corp.shares 29 Net purchases 30 Revaluation 9.330 11.308 -1.978 45.209 19.228 25.981 41.839 21*219 20*620 -32.590 11.944 -44.534 -46.565 5.325 -51.890 57.907 13.550 44,357 38*802 10*736 28*066 -7.993 28 11.138 29 -19.131 30 -17*098 -4.674 -12.441 17 -33.462 -10.051 -23.506 95 -16.850 134 -17.130 146 -2.683 3.162 -6.106 261 -16,719 -5.235 -11*952 468 -81.990 -7.496 -74.765 271 -55.739 1.554 -57*624 331 239 5.869 -3*197 -2.958 6.647 3*042 1*204 -2*407 5.797 4.303 2*764 -1*881 9*730 3*366 -39*412 -2.490 14.425 4.036 -3*601 8*323 -1*453 8 35 -1*472 36 256 37 2906*036 3146*640 3459*856 3977*342 4642,449 5672*695 6418,354 38 1212*760 1359*316 1472*807 1782*792 1990,504 39 22 - Change In eq.ln noncorp.bus. 23 Proprietors' net invest. 24 Revaluation of equity 31 32 33 34 35 36 37 38 + Change in net flnan. assets of public sectors State & local governments U.S. government Sponsored credit agencies • Other adjustments: Nonflnanclal discrepancy Unallocated financial flows Unallocated revaluations Total domestic net assets at year end 39 Memo* Gross national product 1015*458 -39.808 15.814 -55*977 355 15 16 17 18 19 20 21 31 32 33 34 October 1986 All Sectors—Flows All Sectors—Flows Stock-Flow Reconciliation for Consolidated Domestic Net Assets AS. Annual Flows 1981 1979 1982 Domestic investment flows: 1 2 3 622,.423 376, 700 245,,723 673,,799 430, 714 243,,085 656,,250 491,,212 165,,038 755,,387 550,,352 205,,035 699,,925 598,,553 101,,372 791 .400 622 • 974 168,,426 993,,250 653,,593 339,,657 4 5 -3, 346 242,,377 24,,122 267,,207 24,,076 189,,114 27,,137 232,,172 21,,339 122,,711 -42 ,217 126,,209 -87, 604 252, 053 1020,,350 Purchase of physical assets 693,,551 - Capital consumption 326,,799 * Net capital formation -90,,386 • Net foreign investment 236,,413 * Net investment flows by domestic sectors 4 5 Adjustawnts for tangible assets: 6 7 545.618 294.850 520.047 328.571 611.476 303.640 540.882 306.293 64.954 -35.554 269.192 356.332 189.932 93.209 8 -1 -2 -1 -2 13 27 18 Revaluations of reproducible 55.252 tangible assets 3.872 Change in land values Less: Adjustments of capital consumption -26 to Balance Sheet basis 8 Adjustments to net foreign investment: -7.061 Reval. of net foreign claims 751 Reval. of SDR holdings 9 10 9 10 5.180 67 -1.516 539 -7.664 1,017 3.555 768 -14.487 -266 7.343 -318 1.849 -385 11 2,422 1.659 5.357 5,761 3.904 5.410 -2.981 12 -527 786 2.084 266 1.471 3.879 1.151 13 1091.042 1115.723 1100.857 1089.167 139.778 760.262 532.508 290.263 By sector: 290 ,263 Total, all sectors Foreign purchases of 4,969 U.S. corporate equities - U.S. purchases of 3.959 foreign equities * Net change in consolidated domestic net worth 6 7 11 12 13 14 1091,,042 1115,,723 1100,,857 1089,,167 139,,778 760,,262 532,,508 15 16 17 18 19 20 21 1109,,953 1390,,545 848 ,699 105,,774 152,,014 253 ,204 30,,854 1150,,346 1624,,073 1032,,158 105,,943 184 ,423 269 ,376 32,,173 1204,,687 1861 ,422 1207 ,342 79,,098 206 ,693 330 ,410 37 ,879 1155,,796 1315,,607 787,,667 -16 ,743 242,,744 294 ,260 7 ,679 320,,025 547 ,751 424 ,236 -45 ,865 66 ,335 97 ,487 5 ,558 955,,605 1341,,687 1063,,406 -15,,020 119 ,430 149,,133 24,,738 762 ,960 777 ,649 655 ,152 -103,,079 109,,250 74 ,762 41,,564 507,,933 Private sectors, consolidated 1008,,679 Sector basis, total Households 992 ,456 Farm business -81 ,148 Nonfarm noncorp. business 43 ,317 Nonflnancial corp. business 14,,895 Private flnan. Institutions 39 ,159 17 18 19 20 21 22 23 24 250 ,384 -30,,192 280 ,576 282,,950 -44 ,507 327 ,457 280,,254 -49,,618 329 ,872 227 ,173 -29,,187 256 ,360 23,,680 -45,,710 69 ,390 105,,462 -89,,977 195 ,439 13,,386 -68 ,461 81 ,847 -32 ,150 - Change In eq.ln noncorp.bus Proprietors' net Invest. -48,,978 Revaluation of equity 16,,828 23 24 25 26 27 12 ,021 -6 ,233 18 ,254 145 ,380 -23 ,327 168 ,707 282 ,288 -10 ,828 293 ,116 -46 ,717 -34,,924 -11,,793 119 ,488 -14 ,712 134,,200 148,,311 -17,,289 165 ,600 4 ,208 -74,,349 78 ,557 28 29 30 18 .187 5 ,575 12 .612 45 ,397 17 ,340 28 ,057 94 ,193 22 ,223 71 ,970 -20 ,645 19,,871 -40,,516 84 ,558 27 ,640 56 ,918 132,,309 46 ,764 85 ,545 31 32 33 34 -35.539 2.350 -38.409 520 -29.743 5,084 -25.215 556 -73.787 -8.559 -65.565 337 -67.527 -243 -67.782 498 -138,321 217 -139.845 1.307 35 36 37 1.896 15.701 -969 -164 -4.718 2 -6.075 -27,302 3.334 -5.216 5,582 532 7509.396 8625.119 9725.976 2249,677 2508,170 2731.947 • 16 Net purchases Revaluation 25 26 27 -2 ,905 8 ,237 -11 ,142 194 ,681 - Change/fin.Inst.corp.shares Net purchases 31,,156 Revaluation 163 ,525 29 30 -189.863 2.788 -193,518 867 -170.109 18.081 -189.057 867 • Change in net flnan. assets of -202.965 public sectors 10.267 State ft local governments -211.789 U.S. government -1.443 Sponsored credit agencies 31 32 33 34 100 -25,901 -16.125 -5.325 -21.314 21.159 1.925 -34.130 -28.138 5.600 8.956 -29.261 10815.143 10954.921 11715.183 12247.691 12537.954 3052.632 3165,950 3405*800 3765.000 338 ,215 -102 ,044 440,,259 • Other adjustments: Nonflnancial discrepancy 35 Unallocated financial flows 36 Unallocated revaluations 37 Total domestic net assets at year end 3998,025 Memo* Gross national product 38 39 October 1986 Sector Flow Summaries Sector Flow Summaries Sector Detail on Stock-Flow Reconciliation Items 36 Annual Flows Annual Flows 1946 1947 1948 1949 1950 1951 1952 1953 47,266 21,989 2,220 4,044 18,838 175 55 ,472 30 ,508 1 ,611 4 ,997 18 ,107 249 69 ,999 36 ,223 6 ,042 6 ,729 20 ,652 353 61 .521 38 .054 3 .662 4 ,546 14 ,902 357 85 .849 47 ,761 5 ,309 8 ,358 24 .027 394 op 342 47-499 5,778 6,080 30,554 431 82,782 46,781 3,571 6.458 25,416 556 87,600 51,647 1,445 7,841 26,235 432 7 Capital consumption 8 Households 9 Farm business 10 Nonfarm noncorp. business 11 Nonflnanclal corp. bus. 12 Private flnan. Insts. 23.310 11,412 1,212 3,127 7,375 184 28 ,573 13 ,969 1 ,500 3 .899 8 ,974 231 33 .038 16 ,083 1 ,817 4 ,454 10 ,424 260 36 .113 17 ,853 2 ,069 4 ,716 11 .204 271 39 ,458 19 ,848 2 • 305 4 ,999 12 ,023 283 45.663 23,139 2.671 5,695 13.833 325 49,708 25.582 2.925 6.009 14.840 352 53,341 7 27,777 8 3.082 9 6,255 10 15.852 11 375 12 13 Net capital formation 14 Households 15 Farm business 16 Nonfarm noncorp. business 17 Nonflnanclal corp. bus. 18 Private flnan. insts. 23,956 10,577 1,008 917 11.463 -9 26 ,899 16 ,539 111 1,,098 9,,133 18 36 ,961 20 ,140 4 ,225 2 ,275 10,,228 93 25 .408 20 ,201 1 ,593 -170 3 ,698 86 46 ,391 27 ,913 3 ,004 3 ,359 12,,004 111 44.679 24.360 3.107 385 16.721 106 33.074 21.199 646 449 10.576 204 34.259 23.870 -1.637 1,586 10,383 57 1 Purchases of physical assets 2 Households 3 Farm business 4 Nonfarm noncorp. business 5 Nonflnanclal corp. bus. Private flnan. insts. 6 19 Net foreign investment Net financial investment: Private sectors Households Farm business Nonfarm noncorp. business Nonflnanclal corp. bus. Private flnan. insts. 1 2 3 4 5 6 13 14 15 16 17 18 4.329 9,853 3, 108 1,297 -2.249 656 323 1,780 14,582 -943 -917 11,945 1.003 -2,293 4, 016 -61 -1,098 -5,751 601 -5,044 5,259 -4, 184 -2,275 -4,814 970 4, 125 1.612 -1,570 170 3,070 843 -8, 356 3. 963 -2,971 -3,359 -7,647 1.658 -504 10.986 -3,108 -385 -8.824 827 7.642 10,575 -677 -449 -3.462 1.655 6.794 9,304 1,586 -1,586 -3,994 1,484 20 21 22 23 24 25 1,216 228 881 25 82 14,361 112 14.215 28 6 7,669 048 8, 657 8 52 -5,211 -1,764 -3.494 13 34 5,290 991 7.270 26 -15 4,199 -1,300 5,448 21 30 -7,029 -2,185 -4.919 31 44 -9,778 -2,026 -7,810 17 41 26 27 28 29 30 1,333 -2,215 483 2. 383 817 -3,039 -290 32 Revel, of physical assets 33 Households 34 Farm business 35 Nonfarm noncorp. business 36 Nonflnanclal corp. bus. 37 - Inventory valuation adj. 38 Private flnan. insts. 52.665 13,661 8,271 11,514 13,452 -5,263 504 56 ,690 17 ,320 6 .301 12 ,288 14 .398 -5 ,899 484 20 .572 7 ,262 -2 .192 5 .455 7 .765 -2 ,152 130 961 1 .172 -1 .651 1 .416 1 .893 1.856 -13 43 ,404 15 .817 6 ,514 6 ,380 9 ,508 -4 ,965 220 32 ,935 12 ,846 2 ,795 6 ,807 8 ,975 -1 ,199 313 6 ,060 3 ,104 -565 1 ,112 3 ,465 1 ,000 -56 2 ,047 -2 ,069 1 ,082 186 1 ,641 -1 .000 207 32 33 34 35 36 37 38 39 Revaluations by type of esset 40 Residential structures 41 Plant and equipment 42 Inventories 43 Consumer durables 52,665 20,392 19,292 12.689 292 56 .690 22 ,946 19 ,834 11 ,401 2 ,509 20 .572 9 .953 9 .188 537 894 961 3 .696 2 ,811 -4 ,963 -585 43 ,404 11 ,609 12 ,865 12 .239 6 .691 32 ,935 12 ,263 13 ,364 2 ,447 4 ,861 6 .060 3 .965 5 .118 -3 ,892 869 2 .047 768 1 ,917 628 -1 ,266 39 40 41 42 43 44 Change In land values 45 Households 46 Farm business 47 Nonfarm noncorp. business 48 Nonflnanclal corp. business 49 Private flnan. insts. 12,542 3,000 4.316 2.937 2.236 53 12 ,241 3 ,921 ,766 3 ,288 3 ,193 73 9 .082 2 ,958 1 ,201 2 ,436 2 ,454 33 6 .135 2 .037 135 2 ,007 1 ,943 13 19 .806 4 ,010 9 ,963 2 ,847 2 ,933 53 17 197 3 ,837 7 050 2,,858 3 ,386 66 8 ,870 2 ,739 758 2,,341 2,,999 33 7 ,425 2 ,540 -1 ,645 2 ,467 3 ,987 76 44 45 46 47 48 49 50 Adj. to capital consumption 51 Households 52 Farm business 53 Nonfarm noncorp. business Nonflnanclal corp. business 54 55 Private flnan. insts. -3 126 54 -181 -1 153 65 -219 167 74 -241 -1 170 81 -252 195 105 -301 2 -1 198 112 -311 2 -1 50 51 52 53 54 55 67,540 53. 179 34,524 1.550 3,899 12,356 850 72, 624 64, 955 41,482 1,858 4,454 15.838 1,323 60,435 65, 646 39, 666 2, 092 4, 716 17, 972 1,200 82, 783 77,493 51, 724 2, 338 4, 999 16, 380 2. 052 94, 037 89,838 58.485 2, 670 5, 695 21. 730 1.258 83, 395 90,424 57, 356 2,894 6.009 21, 954 2,211 84, 616 94, 394 60, 951 3, 031 6,255 22,241 1,916 56 57 58 59 60 61 62 14. 361 112 14.215 28 6 7,669 -1.048 8. 657 8 52 -5,211 -1, 764 -3.494 13 34 5.290 -1.991 7.270 26 -15 4. 199 -1.300 5.448 21 30 -7.029 -2. 185 -4.919 31 44 -9,778 -2,026 -7,810 17 41 63 64 65 66 67 20 21 22 23 24 25 26 27 28 29 30 31 56 57 58 59 60 61 62 63 64 65 66 67 Public sectors State 8 local governments U.S. government Sponsored credit agencies Monetary authority Unallocated financial flows -2 Memo* Total gross domestic Investment. Flow of Funds basis 50.262 Private sectors 49.046 Households 36.571 Farm business 1.277 Nonfarm noncorp. business 3.127 Nonflnanclal corp. busines 6.893 Private flnan. Institution 1.178 Public sectors State • local governments U.S. government Sponsored credit agencies Monetary authority Data are In million* of dollars. - 1.216 228 881 25 82 - 176 87 -262 -1 -2 189 98 289 -1,729 19 1,255 31 October 1986 Sector Flow Summaries Sector Flow Summaries Sector Detail on Stock-Flow Reconciliation Items gy Annual Flows Annual Flows 1954 1955 1956 1957 1958 1959 1960 1961 1 2 3 4 5 6 86 • 166 51 .995 2 • 442 7 .812 23 • 264 653 108 ,591 63 ,417 2 ,351 9 ,527 32 ,549 747 110 ,864 62 ,447 3 ,304 7 ,183 37,,178 752 110 ,741 62 .090 2 .508 9 ,549 35 ,731 863 100 .673 59 ,154 4 ,126 8 ,729 27 ,798 866 122 ,980 69 .394 3 ,713 10 ,890 37 ,960 1 .023 121 ,645 69 .358 3 .548 10 ,087 37 .845 807 119 ,017 Purchases of physical assets 66 ,145 Households Farm business 3 ,711 Nonfarm noncorp. business 11 .667 36 .466 Nonflnancial corp. bus. Private flnan. insts. 1 ,028 7 8 9 10 11 12 57 ,591 30 ,763 3 ,192 6 • 462 16 ,765 409 60 ,650 32,,353 3 ,300 6 ,778 17,,785 434 67,,517 36,,142 3,,485 7 ,355 20,,032 503 72 ,918 38 ,934 3 ,599 7 ,784 ,048 553 76 ,260 40 ,980 3 ,659 7 ,986 23 ,059 576 79 .780 43 .078 3 .732 8 ,226 24,,135 609 82 .586 44 ,591 3 ,740 8 ,469 25 ,134 652 85 ,200 Capital consumption Households 46 .264 Farm business 3 ,734 Nonfarm noncorp. business 8 ,635 Nonflnancial corp. bus. 25 ,882 Private flnan. insts. 685 7 8 9 10 11 12 13 14 15 16 17 18 28 ,575 211.232 -750 I,,350 6,,499 244 47,,941 31,,064 -949 2,,749 14,,764 313 43,,347 26,,305 -181 -172 17, 146 249 37,,823 23,,156 -1,,091 1,,765 13,,683 310 24,,413 18,,174 467 743 4 • 739 290 43 ,200 26,,316 -19 2,,664 13,,825 414 39 .059 24 .767 -192 1,.618 12,,711 155 33 ,817 Net capital formation Households 19 ,881 -23 Farm business 3 ,032 Nonfarm noncorp. business 10 ,584 Nonflnancial corp. bus. 343 Private flnan. insts. 13 14 15 16 17 18 2 ,833 Net foreign investment Net financial investment: Private sectors Households Form business Nonfarm noncorp. business Nonflnancial corp. bus. Private flnan. insts. 1 2 3 4 5 6 19 19 -261 26 2. 112 4,,568 356 -1,,879 1,,803 20 21 22 23 24 25 8.,785 7,,354 737 -1 ,350 -798 2.,842 -2, 723 4, 627 916 -2,,749 -6,,915 1,,398 2, 023 11, 563 138 172 -11.,218 1. 368 6,,788 13,,525 .040 -1,,765 -7,,313 1,,301 17,,015 16,,773 499 -743 -824 2,,308 5,,567 12,,786 -18 -2, 664 -6, 162 1. 625 4,,180 12,,175 157 -1,,618 -9,,043 2.,509 11 ,945 16,,897 -6 -3,,032 -4,,865 2,• 951 26 27 28 29 30 -9 ,319 -31,904 -5,,466 14 37 -256 -4. 243 3, 937 18 32 619 -3, 363 3. 916 13 53 -2,,693 -4, 328 1.528 38 69 -15,,816 -4,,797 -11,,113 35 59 -6.,759 -3, 659 -2. 938 30 -192 -1,,483 -3,,223 1. 680 31 29 -9,,603 -4,,068 -5,,648 46 67 31 273 3,,005 -530 473 843 -687 -894 491 32 33 34 35 36 37 38 2 ,687 -259 614 788 1 ,231 -300 13 20, 986 2,,988 1,,199 4 ,252 10,,438 -1 ,750 359 35.,172 8. 344 1,538 6,,419 15.,717 -2.,675 479 8,,530 ' -3.,888 2.,774 1,,459 6,,518 -1, 525 142 8,,804 3,,423 1,,442 1,,740 1,,888 -250 61 4,,376 -1,,147 228 1,,056 3,,849 -277 113 -2,,946 -3,,951 1,,555 648 -1,,651 -173 280 -1 ,525 Revel, of physical assets Households -1,• 596 Farm business 1 • 051 Nonfarm noncorp. business -461 Nonflnancial corp. bus. -363 271 - Inventory valuation adj. Private flnan. insts. 115 32 33 34 35 36 37 38 39 40 41 42 43 2 ,687 4 ,256 1 ,952 -645 -2 ,876 20,,986 8,,151 13 ,706 1,,564 - 2 • 435 35,,172 4, 878 20, 356 4,,157 5,,781 8,,530 1,,224 8,,803 2,,094 -3,,591 8,,804 2,,785 2,,416 1,,547 2,,056 4.,376 1.,042 4. 274 -328 -612 -2,,946 905 -1,,991 765 -2.,625 -I,,525 Revaluations by type of asset Residential structures 548 Plant and equipment -49 Inventories -704 Consumer durables -1,,320 39 40 41 42 43 44 45 46 47 48 49 15,036 3,478 3,118 5,010 5,306 124 16,870 4,514 4,218 3.345 4,642 151 29,195 9,173 7,144 5.293 7.382 203 20,533 3,641 5.969 3.154 7.559 210 23.766 3,865 9,434 3.505 6.744 218 19,606 4,190 5,822 3,590 5.787 217 21,605 10,114 1.283 4,895 5.097 216 19,340 Change In land values 4,111 Households 5.673 Farm business 3,663 Nonfarm noncorp. business 5.622 Nonflnancial corp. business 271 Private flnan. insts. 44 45 46 47 48 49 -1 «. v, 206 125 -331 1 214 139 -352 1 -3 218 147 -369 2 -1 -l 222 157 -380 1 229 168 -396 - 236 176 -413 1 - -3 Adj. to capital consumption 244 Households 183 Farm business -430 Nonfarm noncorp. business Nonflnancial corp. business Private flnan. insts. 50 51 52 53 54 55 50 51 52 53 5 55 4 -3 200 118 -320 1 - - - 56 57 58 59 60 61 62 85,,632 94,,951 59,,349 3,,179 6.,462 22, 466 3,• 495 105.612 105.868 68.044 3.267 6,778 25.634 2.145 113 ,506 112 ,887 74 ,010 3 ,442 7 ,355 25 .960 2 .120 114 ,836 117 .529 75 .615 3 ,548 7 .784 28 .418 2 .164 101 ,872 117 ,688 75 .927 3 .627 7 .986 26 .974 3 .174 121,.788 128,• 547 82,.180 3 ,695 8 ,226 31 .798 2 ,648 124 ,342 125 ,825 81 533 3 ,705 8 .469 28 .802 3 .316 63 64 65 66 67 - 9 • 319 -3 ,904 - 5 ,466 14 37 -256 -4.243 3.937 18 52 619 - 3 .363 3 .916 13 53 - 2 .693 - 4 .328 1 .528 38 69 -15 .816 - 4 ,797 -11 .113 35 59 -6 .759 - 3 .659 - 2 .938 30 -192 -1 .483 -3 .223 1 .680 31 29 Public sectors State & local governments U.S. government Sponsored credit agencies Monetary authority Unallocated financial flows Memo* Total gross domestic Investment. 121.359 359 Flow of Funds basis 121, Private sectors 130,,962 Households 83,,042 Farm business 3.,705 Nonfarm noncorp. business 8,,635 Nonflnancial corp. busines 31,,601 Private flnan. institution ,979 3, -9,,603 -4,,068 -5,• 648 46 67 Public sectors State & local governments U.S. government Sponsored credit agencies Monetary authority 20 21 23 24 25 26 27 28 29 30 31 56 57 58 59 60 61 62 63 64 65 66 67 October 1986 Sector Flow Summaries llnnual Sector Flow Summaries Sector Detail on Stock-Flow Reconciliation Items Flows Annual Flows 134,670 72,481 4,168 13,274 43,765 982 144,905 79,015 4,637 15,334 44,573 1,346 156,473 85,057 3,492 16,384 50.110 1,430 179,610 92,322 5,640 18,111 61,660 1,877 197.135 97,436 5,287 16.822 75,342 2.248 196.314 98.270 6,451 17,795 71,230 2.568 218,006 113,975 5,798 19,135 74,103 4,995 239,444 121,503 6,067 23.562 83,300 5,012 7 Capital consumption 8 Households 9 Farm business Nonfarm noncorp. business 10 Nonflnancial corp. bus. 11 Private flnan. Insts. 12 87,799 47,620 3,762 8,864 26,827 726 91,280 49,522 3,807 9,155 28,002 794 95,666 51.889 3,893 9,569 29.448 867 100,628 54,042 4,046 10,101 31,459 980 107.489 56,961 4.288 10,850 34.281 1.109 116.768 61,773 4,552 11,614 37.556 1.273 127,999 67,619 4,852 12.583 41,448 1,497 141,450 7 75,325 8 5.251 9 13,831 10 45,399 11 1.644 12 13 Net capital formation 14 Households 15 Farm business Nonfar* noncorp. business 16 Nonflnancial corp. bus. 17 18 Private flnan. insts. 46,871 24,861 406 4,410 16,938 256 53.625 29,493 830 6,179 16,571 552 60.807 33.168 -401 6.815 20.662 563 78.982 38.280 1,594 8.010 30.201 897 89,646 40,475 999 5.972 41,061 1,139 79.546 36,497 1.899 6.181 33.674 1.295 90.007 46,356 946 6.552 32,655 3.498 19 Net foreign investment Net financial investment* Private sectors Households Farm business Nonfarm noncorp. business Nonflnancial corp. bus. Private flnan. insts. 2,264 4.052 5.914 4.973 3.661 2.377 1,060 10,895 17,199 -407 -4,410 -4,789 3,302 6,097 17,908 -947 -6,179 -5,803 1,118 13,243 24.105 391 -6,815 -6,937 2,499 6.570 26.678 -1,548 -8,010 -12,010 1.460 7.285 31.862 -917 -5,972 -18.502 814 20,732 42,006 -1.858 -6,181 -14,284 1,049 11,226 34,995 -903 -6,552 -18,268 1,954 -7.937 26.811 -755 -9,731 -21,008 -3,254 20 21 22 23 24 25 26 27 28 29 30 -8,090 -3,292 -4,899 55 46 -2,984 -2,019 -1,079 59 55 -6.874 -3,042 -3.414 49 -467 -3.430 -2,905 -606 55 26 -3.937 -2.463 -1.538 46 18 -18,433 -4,789 -13,714 42 28 -14.641 -5.010 -9.667 15 21 -3,428 -9,997 6,494 35 40 26 27 28 29 30 -541 939 -455 1,833 313 78 4.475 32 Reval. of physical assets 33 Households 34 Farm business Nonfarm noncorp. business 35 36 Nonflnancial corp. bus. 37 - Inventory valuation adj. 38 Private flnan. insts. 87 -2,888 1,875 1,091 -541 26 576 -5,937 -6.717 747 -1,860 1,783 54 164 12.772 3.484 877 2,857 4,396 -494 664 12,006 -3,614 4.480 2.534 6,642 -1,245 719 45,470 17,797 2.274 9.238 13.466 -2.107 588 36,007 14,024 1,864 4,546 13,567 -1.554 452 95,366 43,436 5,327 16.636 26,996 -3,651 -680 91,769 36,179 7,269 14,812 28,420 -5,870 -781 32 33 34 35 36 37 38 39 Revaluations by type of asset Residential structures 40 Plant and equipment 41 42 Inventories 43 Consumer durables 87 355 2.398 450 -3.116 -5,937 -7,506 2,976 -19 -1.388 12,772 10,485 6,094 375 -4.182 12,006 4,502 11,495 3,851 -7,842 45.470 24.842 19.421 1.945 -738 36,007 13,199 17,394 1,950 3,464 95,366 50,563 34,259 6,464 4.080 91.769 41,964 35,668 10,847 3,290 39 40 41 42 43 44 Change In land values 45 Households 46 Farm business 47 Nonfarm noncorp. business 48 Nonflnancial corp. business 49 Private flnan. insts. 14,614 3,816 5,147 3,514 1,916 221 16,613 2,883 8,068 3,507 1,973 182 21,429 5,831 8,027 4,218 3,091 262 23,038 4,823 10,764 3.968 3.251 232 40.265 20.096 7.899 8.443 3.654 173 17,058 5,435 9.176 2.252 234 -39 24.242 13.134 6.103 4.858 26 121 24,744 12,099 3,144 5,627 3,654 220 44 45 46 47 48 49 50 Adj. to capital consumption 51 Households Farm business 52 53 Nonfarm noncorp. business 54 Nonflnancial corp. business 55 Private flnan. Insts. -1 256 192 -448 -3 270 203 -475 -2 286 212 -499 -2 337 245 -583 -1 -1 -1 -2 308 227 -537 1 -1 -2 361 265 -629 1 -4 393 288 -684 -1 - - -1 444 320 -765 - 50 51 52 53 54 55 Memo: Total gross domestic Investment. Flow of Funds basis 137,475 145.565 Private sectors 89,680 Households 3.761 Farm business Nonfarm noncorp. business 8.864 38.976 Nonflnancial corp. buslnes Private flnan. institution 4.284 148.018 151.002 96.923 3.690 9.155 38.770 2.464 162.842 169.716 109.162 3.883 9.569 43.173 3*929 182.750 186.180 119.000 4.092 10.101 49.650 3.337 200.483 204.420 129.298 4.370 10.850 56.840 3.062 198.613 217.046 140.276 4.593 11.614 56.946 3.617 214,591 230.562 148.970 4.895 12.583 57.165 6.949 228,079 231,551 148.314 5,312 13,831 62.336 1.758 56 57 58 59 60 41 62 -2.984 -2.019 -1.079 59 55 -6,874 -3,042 -3,414 49 -467 -3.430 -2.905 -606 55 26 -3.937 -2.463 -1.538 46 18 -18.433 -4.789 -13.714 42 28 -15.971 -5.010 -10.997 15 21 -3,472 -9.997 6.450 35 40 63 64 65 66 67 physical assets 1 Purchase* Households 2 3 Farm business 4 Nonfarm noncorp. business 5 Nonflnanclal corp. bus. 6 Private flnan. Insts. 20 21 22 23 24 25 31 56 57 58 59 60 61 62 63 64 65 66 67 Public sectors State 8 local governments U.S. government Sponsored credit agencies Monetary authority Unallocated financial flows Public sectors State • local governments U.S. government Sponsored credit agencies Monetary authority Data are In millions of dollars. -8,090 -3.292 -4.899 55 46 -1 97,994 46.178 816 9.731 37.901 3,368 I 2 3 4 5 6 13 14 15 16 17 18 -1.044 19 10.321 31 October 1986 Sector Flow Summaries Sector Flow Summaries Sector Detail on Stock-Flow Reconciliation Items Annual Flows Annual Flows 1970 1971 1972 1973 1974 1975 1976 1977 1 2 3 4 5 6 1 2 3 4 5 6 234, 465 119, 404 6, 866 24, 179 78, 922 5, 094 270, .070 140- 872 8 , 336 30, .919 8 4 , 453 5, .490 313, ,207 164, ,168 8 , ,806 39, .577 94, ,098 6,.558 363 ,507 183, ,397 13,,698 42, ,846 115, ,849 7,,717 364 ,616 180 , 3 9 3 10 ,808 33 ,309 132 ,114 7 ,992 354 .920 193 .874 17 .730 24 .842 110 ,874 7 ,600 439 , 1 4 2 237 ,516 13 ,324 27 ,580 152 ,964 7 ,758 528 , 5 5 2 Purchase* "f physical assets Households 284 .224 Farm business 18 , 0 4 4 Nonfarm noncorp. business 40 . 2 5 4 Nonfinanclal corp. bus.' 177 . 2 0 8 Private flnan. lnsts. 8 ,822 7 8 9 10 11 12 154, ,577 8 2 , >319 5, >631 14 1971 49, .857 1,.799 169, 383 90, .201 5, .942 16,.426 54, 783 2, .031 184, ,349 97, ,377 6 ,605 17, 989 60, ,111 2, ,267 201, ,554 106, ,567 7,,228 19,,965 65, ,223 2, ,571 231 , 3 3 3 120 ,492 8 ,308 23 , 0 1 3 76 , 3 0 1 3 ,219 268 .788 136 .744 9 .789 26 .469 91 .878 3 .908 297 .791 151 .270 10 .771 28 .901 102 .301 4 .548 332 ,704 Capital consumption Households 168 , 5 8 2 Farm business 12 ,099 Nonfarm noncorp. business 32 . 3 7 8 Nonflnanclal corp. bus. 114 , 3 2 1 Private flnan. lnsts. 5 ,324 7 8 9 10 11 12 13 14 15 16 17 18 79,.888 37,.085 1,.235 9,.208 29, .065 3,.295 100, .687 50, .671 2, .394 14,.493 29, 670 3,.459 128, ,858 66, ,791 2, ,201 21, .588 33, ,987 4, ,291 161 ,953 76,,830 6,,470 22, ,881 50, ,626 5, ,146 133 , 2 8 3 59 ,901 2 ,500 10 ,296 55 . 8 1 3 4 ,773 86 .132 57 .130 7 .941 - 1 , .627 18,.996 3 .692 141 .351 86 ,246 2 ,553 - 1 .321 50 ,663 3 .210 195 , 8 4 8 Net capital formation Households 115 ,642 Farm business 5 .945 Nonfarm noncorp. business 7 .876 Nonflnanclal corp. bus. 62 .887 Private flnan. lnsts. 3 ,498 13 14 15 16 17 18 19 2, ,115 -11., 211 - 7 , ,676 4, ,483 2 ,515 23 .978 14,.747 - 1 6 .524 Net foreign Investment 19 20 21 22 23 24 25 15,,161 51, ,481 - 1 , ,227 - 9 ,208 - 2 0 • 734 5 ,151 16,,651 46, ,606 - 2 , .379 - 1 4 , ,493 - 1 4 , ,960 1,,877 13,,640 55 ,955 - 2 , ,029 - 2 1 , ,588 - 1 6 , ,951 - 1 , .747 5, ,121 63, ,105 - 5 ,871 - 2 2 , ,881 - 3 1 ,144 1,,912 11 ,022 79 .229 - 2 .278 - 1 0 ,296 - 5 2 ,643 - 2 ,990 90,.970 100 .830 - 7 .394 1 .627 7 ,641 - 1 1 , .734 63 .096 84 .749 - 2 .109 1 .321 - 2 3 .620 2 .755 24 67 -5 -7 -33 4 ,387 .117 .654 .876 .839 ,639 Private sectors Households Farm business Nonfarm noncorp. business Nonflnanclal corp. bus. Private flnan. lnsts. 20 21 22 23 24 25 26 27 28 29 30 - 1 8 ,915 - 4 , ,674 - 1 4 , ,279 17 21 - 3 4 , ,509 - 1 0 , ,051 - 2 4 , ,499 95 -54 - 1 8 , ,909 134 - 1 9 , .290 146 101 - 3 , ,402 . 2,.266 - 6 , ,061 261 132 - 1 1 .873 - 5 ,235 - 7 ,236 468 130 - 8 1 .417 - 7 , .496 - 7 4 ,428 271 236 - 5 6 , .672 1 .554 - 5 8 .605 331 48 - 3 9 .439 15 .814 55 .831 355 223 Public sectors State & local governments U.S. government Sponsored credit agencies Monetary authority 26 27 28 29 30 31 5 ,869 6,,647 - 2 , ,407 2,.764 3 ,366 14 .425 8 .323 - 1 ,472 32 33 34 35 36 37 38 77 .348 27 ,031 2 ,605 10 .826 30 ,873 - 6 ,552 -539 111,,802 43 ,791 8 ,274 18,.932 36, ,240 - 4 .584 -19 116, ,583 47, ,733 14,,121 17 ,442 31 .829 - 6 .610 - 1 , .152 220, ,679 86, .208 25, .038 30 250 59, .207 - 2 0 , .022 -46 428 ,396 145 , 2 2 1 15 , 3 0 6 52 , 6 5 0 171 , 3 6 3 - 3 9 ,457 4 ,399 220 .562 78 ,201 4 .806 30 .538 94 ,568 - 1 0 ,952 1 .497 257 .848 110 .878 7 ,907 46 .677 74 .418 - 1 4 .911 .057 358 .078 Reval. of physical assets Households 164 .051 Farm business 12 ,047 Nonfarm noncorp. business 64 ,587 Nonflnanclal corp. bus. 96 . 5 6 3 - 1 6 .637 - Inventory valuation adj. Private flnan. lnsts. 4 .193 32 33 34 35 36 37 38 39 40 41 42 43 77 20 43 4 8 ,348 ,312 .480 .758 .798 111,,802 55, .706 50, .757 9 .790 - 4 .451 116,.583 61, ,492 41, ,660 17,.270 - 3 , .839 220, .679 100,,478 68, ,200 47, ,393 4, ,608 428 ,396 120 , 4 4 3 208 , 8 4 3 55 ,330 43 ,780 220 ,562 76 .400 109,.914 11,.109 23, .139 257 .848 127 .805 97,.493 18,.405 14,.145 358 .078 Revaluations by type of asset Residential structures 190,.249 Plant and equipment 127 .227 Inventories 21, .164 Consumer durables 19,.438 39 40 41 42 43 44 45 46 47 49 18.861 7 .459 4 ,561 4 ,057 2 .651 133 38 .633 16,.594 11 .965 6 .912 2 .979 183 70,.835 19,,694 23, .788 18,.766 8, .399 188 128,.834 35, .934 54 ,401 25, ,841 12 ,407 251 102 , 8 4 8 31 ,762 21 ,454 26 , 2 3 3 22 , 8 9 1 508 101,.560 18 .866 53 .256 23 .638 6 .125 -325 . / f ,.*15 57, .437 70,.443 .957 13,.932 146 209 .218 Change In land values Households 82, .172 Farm business 47 .117 Nonfarm noncorp. business 57 .013 Nonflnanclal corp. business 22, .653 Private flnan. lnsts. 263 44 45 46 47 48 49 50 51 52 53 469 349 -817 -1 704 549 - 1 ,254 -3 860 768 - 1 , ,630 -1 548 421 -967 -2 -3 618 467 - 1 , .087 55 -2 505 373 -880 1 -1 - 1 Adj. to capital consumption Households 981 Farm business 891 Nonfarm noncorp. business - 1 , .873 Nonflnanclal corp. business 1 Private flnan. lnsts. -1 50 51 52 53 54 55 56 57 58 59 60 61 62 230 , 7 1 1 249 , 9 5 5 170 , 8 8 5 5 ,639 14 . 9 7 1 58.517 -57 252 .212 287 ,438 187 . 4 7 8 5 ,957 16 , 4 2 6 70 , 2 1 0 7 ,367 307, . 9 3 8 327, ,759 220, , 1 2 5 6 ,777 17 , 9 8 9 78 , 0 5 9 4 ,811 365, .226 371, ,796 246, ,502 7 ,827 19 , 9 6 5 87 ,873 9 ,629 363 , 7 6 5 382 , 1 2 8 259 , 6 2 2 8 ,530 23 , 0 1 3 85 ,961 5 ,002 364 .473 447 .213 294 .704 10 .336 26 .469 119 ,838 - 4 , ,134 445, .566 506, .211 322, .265 11 .215 28, .901 133,,317 10 ,513 63 64 - 1 9 ,244 ,674 - 1 4 ,608 17 21 - 3 5 ,226 - 1 0 ,051 - 2 5 ,216 95 -54 - 1 9 ,821 134 - 2 0 ,202 146 101 - 6 ,570 2 ,266 - 9 ,229 261 132 - 1 8 ,363 5 ,235 - 1 3 ,726 468 130 - 8 2 ,740 - 7 ,496 - 7 5 ,751 271 236 - 6 0 ,645 1 ,554 - 6 2 578 331 48 67 -1 - -1, 785 672 - 1 , .455 -2 -1 -1 Unallocated financial flows Memo: Total gross domestic Investment, 513 .500 Flow of Funds basis Private sectors 555 .409 Households 351, .341 Farm business 12,.390 Nonfarm noncorp. business 32,,378 Nonflnanclal corp. busines 145 ,839 Private flnan. institution 13,,461 - 4 1 ,909 15 ,814 - 5 8 ,301 355 223 Public sectors State 8 local governments U.S. government Sponsored credit agencies Monetary authority 31 56 57 58 59 60 61 62 63 64 65 66 67 October 1986 Sector Flow Summaries Sector Flow Summaries Sector Detail on Stock-Flow Reconciliation Items Annual Flows Annual Flows 622 .423 327 ,702 21 .726 46 .571 214 .964 11 ,460 673 ,?«9 356 .067 26 ,886 43 ,708 233 ,506 13 ,632 656 ,250 342 ,695 15 ,402 45 ,416 239 ,073 13 ,664 755 .387 362 .049 27 ,186 68 .663 281 ,492 15 ,997 699 ,925 354 .983 16 .461 62 ,739 248 ,539 17 ,203 791 ,400 427 ,837 8 ,100 69 ,288 267 .045 19 .130 993 ,250 500 ,219 24 ,186 83 ,978 363 ,339 21 ,528 7 Capital consumption 8 Households 9 Farm business 10 Nonfarm noncorp. business 11 Nonflnancial corp. bus. 12 Private flnan. insts. 376 .700 189 ,861 13 .557 37 .047 129 .844 6 .391 430 ,714 214 ,666 15 ,343 43 ,473 149 ,609 7 .623 491 ,212 243 .053 17 ,591 50 ,435 171 ,262 8 ,871 550 .352 263 ,740 19 ,363 57 .982 198 .782 10 ,485 598 553 280 ,277 20 .455 64 .403 221 ,393 12 ,025 622 .974 294 ,653 20 .781 66 ,444 228 .196 12 .900 653 ,593 310 ,383 20 ,927 69 ,978 237 ,905 14 .400 493,551 7 332,743 8 20,439 9 73,540 10 250,584 11 14,025 12 13 Net capital formation 14 Households 15 Farm business 16 Nonfarm noncorp. business 17 Nonflnancial corp. bus. 18 Private flnan. lnsts. 245 ,723 137 ,841 8 ,169 9 ,524 85 .120 5 ,069 243 .085 141 ,401 11 ,543 235 83 ,897 6 ,009 165 ,038 99 ,642 -2 ,189 -5 ,019 67 ,811 4 ,793 205 .035 98 ,309 7 ,823 10 ,681 82 ,710 5 ,512 101 .372 74 ,706 -3 ,994 -1 ,664 27 ,146 5 ,178 168 .426 133 .184 -12 .681 2 .844 38 .849 6 ,230 339 ,657 189 ,836 3 ,259 14 .000 125 .434 7 .128 324.799 202.175 -3,930 14,297 107.591 4,444 1 Purchases of physical assets 2 Households 3 Farm business 4 Nonfarm noncorp. business 5 Nonflnancial corp. bus. 6 Private flnan. lnsts. 1020,350 534.938 14,709 89,837 358,175 20,491 1 2 3 4 5 4 13 14 15 14 17 18 19 Net foreign Investment Net financial Investment* Private sectors Households Farm business Nonfarm noncorp. business Nonflnancial corp. bus. Private flnan. lnsts. -3 ,346 24,,122 24 ,076 27 ,137 21 ,339 -42 ,217 -87 .604 -90,384 19 15 ,965 73 ,449 -7 ,267 -9 ,524 -53 ,839 13,,146 52 ,824 78 ,151 -10,,628 -235 -30,,559 16,,095 124 ,007 148 ,846 2 ,654 5,,019 -48 ,362 15,,850 99 ,981 202 ,929 -7 ,600 -10 ,681 -80 ,190 -4,,477 198 ,969 255 ,732 4 ,491 1 ,664 -49 ,576 -13,,342 167 .594 178 ,234 13 ,259 -2 ,844 -21 ,378 323 119 ,052 231 .80S -2 ,568 -14 ,000 -79,,235 -16,,950 119,272 184,048 5,089 -14,297 -41,542 -14,024 20 21 22 23 24 25 26 27 28 29 30 -35,,012 2,,350 -38,,562 520 680 -23,,984 516 -25,276 556 220 -72, 629 -8,,559 -64,,580 337 173 -78 ,426 -243 -79,,130 498 449 -151,,729 217 -153 ,200 1,,107 147 -188,,497 2,,788 -192,,659 867 507 -172,,526 18,,081 -192,,049 867 575 -218,414 10,247 -224,294 -1,443 -1,144 24 27 28 29 30 15, 701 -4, 718 -27, 302 5,582 -25,,901 -21,,314 -34,,130 32 Reval. of physical assets 33 Households 34 Farm business 35 Nonfarm noncorp. business 36 Nonflnancial corp. b u . 37 - Inventory valuation adj. 38 Private flnan. lnsts. 545, 618 220. 465 32.416 97, 608 162, 359 -25,298 7,472 520, 047 184, 775 17. 372 122, 687 148, 314 -43. 175 3. 724 611,476 188, 929 29, 796 133,211 208. 228 -43, 129 8, 183 540,882 162, 095 8, 469 122, 929 215, 321 -24, 189 7,879 64,,954 -67, 385 2, 785 39, 372 76, 245 -10, 350 3,587 269,,192 122,,220 18,844 52, 974 63, 363 -10, 900 869 189, 932 34,435 1,094 81,897 62, 137 -5,475 4,892 55,252 -18,935 -7,043 57,944 15,021 -550 7,493 32 33 34 35 34 37 38 39 Revaluations by type of asset 40 Residential structures 41 Plant and equipment 42 Inventories 43 Consumer durables 545, 618 233, 760 221. 773 53. 903 36, 182 520. 047 235. 073 160.521 73. 615 50,838 611.476 216. 391 259.484 72.843 62. 758 540,882 207, 064 269, 025 25. 654 39. 139 64, 954 -57, 624 107,589 7,021 7. 968 269, 192 151,829 56. 342 58.529 2.492 189,932 104,292 85, 434 7, 129 -7, 123 55,252 32,237 25,854 -795 -2,044 39 40 41 42 43 44 Change in land values 45 Households 46 Farm business 47 Nonfarm noncorp. buslr»ss 48 Nonflnancial corp. business 49 Private flnan. lnsts. 294.850 105.596 81. 364 73.228 33. 929 733 328,571 103, 709 100,831 91, >47 32,031 53 303. 640 82, 159 67. 131 102.877 50, 710 763 306.293 124. 350 -11, 772 132.595 60.275 845 -35.554 -98.250 -37.581 55. 618 44. 302 357 356. 332 195. 610 -17. 174 137.233 40, 175 488 93.209 52,553 -108,887 101.447 47. 354 742 3,872 31,074 -85,430 41,385 14,408 233 44 45 44 47 48 49 50 Adj. to capital consumption 51 Households 52 Farm business 53 Nonfarm noncorp. business 54 Nonflnancial corp. business 55 Private flnan. lnsts. -1 1.127 1.027 -2, 156 1 -2 I,311 1, 193 -2,505 -1 -1 1,494 1.399 -2.893 -1 -2 1.653 1.570 -3.224 1 13 1.749 1,680 -3,418 9 -7 27 1,804 1,725 -3,522 -12 32 18 1.941 1,743 -3,471 21 -14 -24 2,038 1,714 -3,733 -11 -34 50 51 52 53 54 55 Memo: Total gross domestic Investment. 403 ,374 Flow of Funds basis 440,,341 Private sectors 401,,151 Households 14,,459 Farm business 37,,047 Nonfarm noncorp. business 143,,098 Nonflnancial corp. buslnes 24,,404 Private flnan. Institution 702 ,439 731 ,348 434 ,218 14 ,258 43 ,473 207,,492 29,,727 707,,428 785,,254 491,,541 18,,054 50,,435 195,,708 29,,514 774,,942 840,,215 544,,978 19,,584 57, 982 204,,149 11,,520 747 ,145 904 ,485 410 ,715 20 ,952 44 ,403 204 ,754 3 ,841 770 ,497 944 ,779 404 ,071 21 ,359 44 ,444 253 ,452 19,,453 939 ,774 1120 ,204 732 ,024 21 ,418 49 ,978 292 ,004 4 ,578 921,,008 1143,,998 721,,004 21,,798 73,540 320,,989 4,,445 54 57 58 59 40 41 42 34 ,985 2,,350 -40,,535 520 480 -28 ,729 514 -30,,021 554 220 -77,,424 -8,559 -49 ,577 337 173 -83,,273 -243 -83,,977 498 449 -159 ,520 217 -140 ,991 1 ,107 147 -194,,282 2,,788 -200,,444 847 507 -180 ,428 18 ,081 -199 ,951 847 575 -222,,990 10,,247 -230,,470 -I,,443 -1.,144 43 44 45 44 47 20 21 22 23 24 25 31 56 57 58 59 60 61 62 63 64 65 66 67 Public sectors State 8 local governments U.S. government Sponsored credit agencies Monetary authority Unallocated financial flows Public sectors State & local governments U.S. government Sponsored credit agencies Monetary authority 8,954 31 October 198* Households Households Sector Stock-Flow Reconciliation Statements 41 Annual Flows 194* Annual Flows 1947 1948 1949 1950 1951 1952 1953 Households, Personal Trusts, and Nonprofit Organizations 1 36 .571 34 .524 41 ,482 39 .666 51 ,724 58 ,485 57 ,356 60 ,951 Gross inv..Flow of Funds basis 1 2 11 .412 13 .969 16 .083 17 ,853 19 ,848 23 ,139 25 .582 27 ,777 - Capital consump. allow.,N1PA 2 3 25 ,159 20 555 25 ,399 21 ,813 31 ,876 35 ,346 31 .774 33 .174 « Net Investment flow* Balance Sheet basis 4 5 6 126 11,,538 11,,412 153 14 ,122 13,,969 167 16 ,250 16,,083 170 18 ,023 17 ,853 176 20 ,024 19 .848 189 23 .328 23 .139 195 25 ,777 25 ,582 198 27 ,975 27 ,777 - Depreciation valuation adj. Depreciation charges -Cap. consump. allow.. NIPA 7 8 9 10 13 661 24,>112 11,538 21, 989 17, 320 33, 706 14,.122 30,508 7 ,262 27,.235 16,.250 36,.223 1,,172 21 ,203 18,,023 38,,054 15,,817 43 ,554 20,,024 47 ,761 12 .846 37 .017 23 .328 47 .499 3 ,104 24 ,108 25 ,777 46 ,781 -2 ,069 21 ,603 27 ,975 51 ,647 • Revel, of physical assets 7 Change in value 8 Depreciation charges 9 -Gross purchases, FOF basis 10 11 12 13 14 13, 661 11,688 1,681 292 17,.320 13,.135 1,.676 2,509 7,262 5,.948 420 894 1,,172 1,,935 -180 -583 15,,817 8,,341 785 6,,691 12 ,846 7 ,055 930 4,,861 3 ,104 2,,019 216 869 -2,,069 -633 -170 -1,266 15 3,.000 3..921 2..958 2,,037 4,,010 3 ,837 2, 739 2,.540 16 17 18 -9,.315 -8,.181 1. 134 -3,250 -2. 138 1. 112 -2, 089 -1. 113 976 8,.614 9,.309 695 23,.541 24,.218 677 20 ,804 22,,630 1,,826 12,.494 14, 136 1,642 -8. 989 -8, 015 974 19 20 21 5, 309 5. 309 5. 373 5. 373 5. 295 5.295 5.588 5.588 6,.872 6..872 6,294 6,,294 7 7. 663 7.656 4 7,866 7.862 22 23 24 25. 315 27, 676 2. 361 23.246 24.462 1.216 6. 948 11. 729 4. 781 2. 175 2..854 679 24,.648 29..004 4..356 18, 903 20,,710 1,,807 3.825 3..989 164 2. 381 2.246 -135 " . 25 -1 1 26 57..693 61. 640 40. 311 35. 641 99. 716 27 158.,915 168. 779 188. ISO 187..941 207.475 - Date are In million* of dollars. - - - ' -24 91,547 53 724 227..593 239. 795 1 3 4 5 6 Revaluation by type of asset Residential structures Nonres. plant 8 equipment Consumer durables 11 12 13 14 • Change In the value of land holdings 15 • Reval. of corporate equities 16 Change in value 17 -Net purchases 18 • Reval. of life lnsurence • pension fund reserves Change in value -Net acquisition* 19 20 21 Reval. of noncorp. equity Change In value -Net inv. In noncorp. bus. 22 23 24 Other revaluations 25 • • 26.844 - Change In net worth 255. 105 Mlroot Disp. personal Income 26 27 October 1986 Households Sector Stock-Flow Reconciliation Statements Annual Flows Annual Flows 1954 1955 1956 1957 1958 1959 1960 1961 Households. Personal Trusts, and Nonprofit Organizations 59 ,349 68 ,044 74 .010 75 .615 75 .927 82 ,180 81 533 83 ,042 1 Capital consume, allew..NIPA 30 ,763 32 .353 36 .142 38 .934 40 ,980 43 ,078 44 ,591 46 .264 2 « Net investment flow. Balance Sheet basis 28 ,586 35 ,691 37 ,868 36 ,681 34 ,947 39 .102 36 ,942 36 .778 3 4 5 6 - Depreciation valuation adj. Depreciation charges -Cap. consump. allow., NIPA 200 30 .963 30 ,763 206 32 559 32 .353 214 36 .356 36 .142 218 39 ,152 38 ,934 222 41 .202 40 .980 229 43 .307 43 ,078 236 44 .827 44 ,591 244 46 .508 46 .264 4 5 6 7 8 9 10 • Revel, of physical assets Change In value Deprecletlon charges -Gross purchases, FOF basis -259 20 ,773 30 ,963 51 .995 2 .988 33 .846 32 .559 63 .417 8 .344 34 .435 36 .356 62 .447 -3 .888 19 .050 39 .152 62 ,090 3 ,423 21 .375 41 .202 59 .154 -1 ,147 24 ,940 43 .307 69 .394 -3 .951 20 .580 44 ,827 69 ,358 -1 ,596 7 18 ,041 8 46 ,508 9 66 ,145 10 Revaluation by type of asset Residential structures Nonres. plant ft equipment Consumer durables -259 2 ,651 -34 -2 ,876 2 ,988 4 ,502 921 -2 ,435 8 ,344 1 ,439 1 .124 5 ,781 -3 ,888 -419 122 -3 ,591 3 ,423 1 ,659 -292 2 .056 -1 .147 -418 -117 -612 -3 ,951 -1 .066 260 -2 ,625 -1 .596 -580 304 -1 ,320 1 Gross lnv..Flow of Funds basis 2 - 3 11 12 13 14 • Change In the value of land holdings • Revel. of corporete equities Change in value -Net purchases • Revel, of life lnsurence t pension fund reserves Change In value -Net acquisitions 15 16 17 18 19 20 21 22 23 24 Revel, of noncorp. equity Chenge In value -Net lnv. In noncorp. bus. i 25 • 11 12 13 14 4,,514 9,.173 3, 641 3,.865 4,,190 10 ,114 4 ,111 15 71,> 780 72,>605 825 50, 319 51, 274 955 16,809 18, 794 1,985 -39,249 -37, 705 1,544 104, 382 105, 929 1,547 28,,140 28 .680 540 -5,.950 -6,534 -584 105,.068 16 105,.346 17 278 18 53 7.877 7.824 2.265 10. 797 8.532 5 9.514 9,509 662 8.826 9.488 2, 733 13, 111 10,378 1,246 13, 115 11.869 88 11,636 11.548 4.201 19 16.284 20 12.083 21 7.581 5. 740 -1.841 12,989 11.066 -1.923 20. 051 18. 771 -1.280 13.093 12. 180 -913 15,630 15.852 222 10,693 8. 125 -2.568 8, 523 6.020 -2.503 9.806 22 10.254 23 448 24 3 .478 2 1 1 410 2 -546 25 108,562 92.038 9.599 164,759 82,405 45,532 157.578 26 27 Hirmoi 260,597 278,771 297,542 313.969 324,886 344,629 358 92# 37$,774 27 S 2 111.017 • o -2 26 - Change In net worth Dlsp. personal Income Data are In millions of dollars. October 1986 Households Households Sector Stock-Flow Reconciliation Statements Annual Flows 1962 Annua/Wows 1963 1964 1965 1966 1967 1968 1969 Households. Personal Trusts, and Nonprofit Organizations 1 89 .680 96 .923 109 .162 119 .000 129 .298 140 .276 148 .970 2 47 .620 49 .522 51 .889 54 .042 56 .961 61 ,775 67 .619 75 .525 3 42 .060 47 .401 57 .275 64 ,958 72 .557 78 .505 81 .351 72 .989 Net Investment flow. Balance Sheet basis 5 4 5 6 256 47 .876 47 .620 270 49 .792 49 ,522 286 52 .175 51 .889 508 54 ,550 54 ,042 557 57 .298 56,.961 561 62 .154 61 .775 395 68 .012 67 .619 444 75 .769 75 ,525 Depreciation valuation adj. Depreciation charges -Cap. consump. allow.. NIPA 4 5 6 7 8 9 10 -2 .888 21,,717 47 .876 72,,481 -6 ,717 22,,506 49,,792 79,,015 5 .484 36 .566 52 ,175 85 ,057 -5 .614 54 ,558 ' 54,550 92,.322 17,,797 57 ,955 57 ,298 97,,456 14 .024 50,.160 62 ,154 98 ,270 45 .456 89 .599 68 ,012 115 ,975 56 ,179 81 ,915 75 ,769 121 ,505 11 12 13 14 -2,888 -202 430 -3,,116 -6 ,717 -5 ,923 594 -1,,388 3 .484 7 ,040 626 -4,,182 -5 .614 2 ,921 1,,507 -7,,842 17,,797 16,,470 2,,065 -758 14 ,024 9 ,557 1,,025 5 ,464 45 ,456 55 ,524 5 .852 4 .080 56 .179 28 .461 4 .428 5 .290 15 3,,816 2,,883 5 ,851 4,,825 20,,096 5,455 15,.154 12,,099 16 17 18 -61,,279 -63,,371 -2,,092 79,,064 76,,459 -2,,605 50 ,985 50 ,811 -172 75,,000 70,,891 -2,,109 -59,,261 -59, 984 -725 149,,497 144,,827 -4,,670 144,,978 137,,490 -7,,488 -108,,946 -111,,778 -2,,852 19 20 21 -3,,266 9,,406 12,,672 3,,906 17, 792 13,,886 4,,050 20 ,175 16 ,125 4,,075 20,,995 16,,920 -4, 955 14,219 19, 172 8, 518 26,.958 18,,640 6,,569 26,,524 19,,755 22 23 24 11,,712 11 ,908 196 10,,051 11,,670 1,,639 15 .844 15 .195 -651 21,,169 21,,485 516 27, 775 26, 990 -785 17,595 16 645 -950 32, 555 30,,625 -1. 952 148 .514 Gross Inv..Flow of Funds basis * 25 312 489 827 56 25 55 -51 26 -9 .789 136,,787 158 .006 164,,065 75,479 275, 064 321, 579 27 396,.167 415,,854 451 .415 486,,808 525, 910 562, 092 609,,582 " • 950 1 2 Revel, of physical assets 7 Change in velue 8 Depreciation charges 9 -Gross purchases. FOF basis 10 Revaluation by type of asset Residential structures Nonres. plant * equipment Consumer durables 11 12 15 14 • Change In the value of land holdings 15 • Revel, of corporate equities 16 Change in value 17 -Net purchases 18 • Reval. of life insurance 8 pension fund reserves Change in value -Net acquisitions 19 20 21 Reval. of noncorp. equity Change in value -Net Inv. in noncorp. bus. 22 25 24 -5,956 15,551 21, 507 50, 758 26, 291 -4,467 Capital consump. allow..NIPA • • Other revaluations 57, 609 « Change in net worth 656, 687 Mlimo: Dlsp. personal Income 25 26 27 October 1986 Households Sector Stock-Flow Reconciliation Statements 44 Annual Flows Annual Flows 1970 1971 1972 1973 1974 1975 1976 1977 Households. Personal Trusts, and Nonprofit Organizations 1 Gross lnv..Flow of Funds basis 170 .885 187 ,478 220 .123 246 .502 259 .622 294 .704 322 .265 351 .341 1 Capital consump. allow..NIPA 82 .319 90 .201 97 .377 106 .567 120 .492 136 .744 151 .270 168 .582 2 3 Net investment flow. Balance Sheet basis 88 .566 97 .277 122 ,746 139 .935 139 .130 157 .960 170 .995 182 .759 3 4 5 6 Depreciation valuation adj. Depreciation charges -Cap. consump. allow.. NIPA 469 82 ,788 82 .319 505 90 .706 90 .201 548 97 .925 97 .377 618 107 .185 106 ,567 704 121 .196 120 .492 785 137 .529 136 .744 860 152 .130 151 .270 981 169 ,563 168 ,582 4 5 6 Reval. of physical assets Change in value Depreciation charges -Gross purchases. FOF basis 27 .031 63 ,647 82 ,788 119 ,404 43 .791 93 ,957 90 ,706 140 ,872 47 .733 113 .976 97 .925 164 ,168 86 .208 162 ,420 107 ,185 183 ,397 145 ,221 204 ,418 121 ,196 180 ,393 78 .201 134 .546 137 ,529 193 .874 110 ,878 196 ,264 152 ,130 237 ,516 164 .051 7 278 .712 8 169 ,563 9 284 ,224 10 Revaluation by type of asset Residential structures Nonres. plant ft equipment Consumer durables 27,,031 13 ,865 41,368 8 ,798 43 ,791 41 ,858 6 ,384 - 4 ,451 47 ,733 46 ,298 5 ,274 -3,,839 86 ,208 74 ,410 7 ,190 4,,608 145 ,221 86 ,496 14 .945 43,,780 78 .201 50 ,936 4 ,126 23 ,139 110 ,878 89,,336 7,,397 14.,145 164 ,051 134 ,077 10 ,536 19 ,438 2 7 8 9 10 - • 11 12 13 14 • 15 Change in the value of land holdings 16 17 18 Reval. of corporate equities Change in value -Net purchases • 19 20 21 11 12 13 14 16,,594 19,,694 35 ,934 31,,762 18 ,866 57..437 82,,172 15 -15,824 -17, 534 -1,.710 109,• 657 104,.192 -5,.465 97 .708 87,,789 -9,,919 -206,.615 -210,.869 -4. 254 -215,,024 -215,,339 -315 154 ,058 146,,658 -7,,400 115. 413 113. 006 -2.407 -38 .088 16 -45,.299 17 -7..211 18 Reval. of life Insurance ft pension fund reserves Change in value -Net acquisitions 2. 275 26, 186 23. 911 15,.314 42, 762 27. 448 61 971 541.818 47..847 -25..459 13. 616 39. 075 -28. 652 14. 066 42, 718 32. 523 103..016 70..493 18,484 73, 721 55, 237 -16. 298 19 61. 732 20 78, 030 21 Reval. of noncorp. equity Change in value -Net lnv. in noncorp. bus. 23. 751 18. 174 -5,577 44. 165 40. 499 -3. 666 72..401 64..796 -7. 605 131.873 124. 974 -6.899 114. 504 99. 616 -14,888 107. 804 93. 683 -14..121 154, 994 131, 328 -23. 666 178,427 22 150, 614 23 -27.813 24 7,,459 22 23 24 • 25 • Other revaluations -1. 616 -741 -1. 334 -2. 079 3.478 2..853 -249 309 25 26 * Change in net worth 131, 173 325. 552 365, 371 159. 179 189, 715 551,.480 627. 092 552. 351 26 715.595 776. 784 839. 596 949, 769 1038, 372 1142,.782 1252,645 1379. 341 27 27 Memo: Dlsp. personal Income Data are In Millions of dollars. October 1986 Households Households Sector Stock-Flow Reconciliation Statements 45 Annual Flows Annual Flows 1978 1980 1979 1981 1982 1985 1983 Households. Personal Trusts# and Nonprofit Organizations 1 401. .151 434, ,218 491, ,541 564 ,978 610 . 7 1 5 606 ,071 732, ,024 721 , 0 0 6 Gross inv..Flow of Funds basis 2 189, 861 214, ,666 243, ,053 263, ,740 280 ,277 294 ,653 310, 383 332 , 7 6 3 - Capital consump. allow.,NIPA 3 211, ,290 219, ,552 248, ,488 301, ,238 330 . 4 3 8 311 ,418 4 2 1 . 641 s Net investment flow. Balance Sheet basis 388, ,243 4 5 6 1,, 127 190, 988 189, ,861 1 ,311 215, ,977 214, ,666 1 ,494 244 547 243, ,053 1.,653 265, 393 2 6 3 , ,740 1 ,749 282 ,026 280 ,277 1 ,804 296 ,457 294, ,653 1, 941 312. 324 310. 383 2, ,038 334 ,801 332, ,763 - Depreciation valuation adj. Depreciation charges -Cap. consump. allow., NIPA 7 8 9 10 220, ,465 357, 179 190, 988 327, ,702 184, ,775 324, 8 6 5 215, ,977 356, ,067 188, ,929 287, ,077 244, 547 342, ,695 162, 258, 265, 362. -67 5 282 354 ,385 ,572 ,026 ,983 122,,220 253, ,600 296, ,457 427, ,837 34. 222. 312, 500. 435 330 324 219 - 1 8 ,935 181,,202 334, ,801 534 ,938 • Revel, of physical assets Change in value Depreciation charges -Gross purchases. FOF basis 11 12 13 14 220, 465 159,,384 24, ,899 36, ,182 184t ,775 126, ,908 7,,029 50, ,838 188, ,929 108, ,863 17,,308 62, ,758 162, 095 105, 580 17. 376 39. 139 - 6 7 ,385 - 7 8 ,857 3 .504 7 .968 122,,220 106,,749 12 ,979 2, ,492 34. 435 31, 106 10.,452 -7. 123 15 105,,596 103, ,709 8 2 , ,159 124. ,350 - 9 8 .250 195 ,610 52. 5 5 3 31,,076 16 17 18 18 ,885 12,,580 - 6 ,305 174,,064 151,,119 - 2 2 , ,945 300, ,588 294 ,244 - 6 ,344 - 1 7 , 477 - 4 6 , ,445 - 2 8 , ,968 143 . 4 1 3 145 .480 2 .067 173 ,646 188 ,450 14 ,804 72,,911 36, ,518 - 3 6 , ,393 457 ,415 458 ,744 1 ,329 19 20 21 7 ,464 95 ,917 88. , 4 5 3 18 ,466 124 ,591 106 , 1 2 5 57 652 1761, 1 9 2 118 ,540 - 3 2 , ,909 8 3 , ,065 115, ,974 44 . 5 6 5 171 .844 127 , 2 7 9 63 ,647 213 ,845 150 , 1 9 8 - 1 0 , ,230 124,,102 134, ,332 124 ,336 268 , 3 9 7 144 . 0 6 1 22 23 24 280 ,576 250 ,384 - 3 0 ,192 327 ,457 282 , 9 5 0 - 4 4 ,507 329 ,872 280 ,254 - 4 9 .618 256, ,360 227 , 1 7 3 - 2 9 , ,187 69 . 3 9 0 23 ,680 - 4 5 ,710 195 .439 105 .462 - 8 9 .977 81, ,847 13,,386 - 6 8 ,461 16 . 8 2 8 - 3 2 .150 - 4 8 ,978 25 5 ,550 5 ,446 1 .148 - 4 , ,337 3 ,814 3 .230 3 ,936 095 751 393 049 -18 -20 3 -2 * 26 27 848 , 6 9 9 1551 , 2 2 9 1032 . 1 5 8 1729 , 3 2 1 1207 . 3 4 2 1917 . 9 7 3 Data are in millions of dollars. 787 .667 2127 .584 424 , 2 3 6 2261 , 4 2 5 1063 , 4 0 6 655, .152 2428 . 1 0 0 2670 ,600 Revaluation by type of asset Residential structures Nonres. plant & equipment Consumer durables ,935 ,323 ,432 ,044 - 4 ,469 • Change in the value of land holdings • Reval. of corporate equities Change in value -Net purchases • Reval. of life insurance 8 pension fund reserves Change in value -Net acquisitions 19 20 21 Reval. of noncorp. equity Change in value -Net inv. in noncorp. bus. 22 25 24 Other revaluations 25 • • 992 , 4 5 6 - Change in net worth 2827 , 9 7 5 Mitmos Disp. personal Income 26 27 October 1986 Fere Business Fere Business Sector Stock-Flow Reconcllletlon Stateeents 46 Annual Flows 1947 1952 1950 Fare Business 1 Gross Inv.,Flow of Funds basis 1.277 1.550 1.858 2,092 2.338 2.670 2.894 3.031 1 2 • Proprietors' net lnvesteent 2.380 547 3.277 560 1,663 1.644 -271 -1.292 2 3 - Capital consuep.allow.. HIPA 1.212 1.500 1.817 2.069 2,305 2.671 2,925 3.082 3 * Net lnvesteent flow. 4 Balance Sheet basis 2.445 597 3.318 583 1,696 1,643 -302 105 3.030 2,925 112 3.194 3.082 1.082 8 -667 9 3.194 10 1.445 11 5 - Depreciation valuation adj. 6 Depreciation charges 7 -Cap. consuep. allow.. NIPA 54 1.266 1,212 65 1.565 1.500 74 1.891 1.817 81 2.150 2.069 87 2.392 2,305 98 2,769 2,671 8 • Reval. of physical assets 9 Change In value 10 Depreciation charges 11 -Gross purchases# FOF basis 8.271 9.225 1.266 2.220 6.301 6.347 1.565 1.611 -2.192 1.959 1,891 6,042 -1,651 -139 2.150 3,662 6,514 9,431 2.392 5,309 2,795 5.804 2.769 5,778 -565 -24 3,030 3.571 12 13 14 15 8.271 1.567 1.239 5.465 6.301 1.725 1.417 3,159 -2,192 629 645 -3,466 -1.651 187 -64 -1,774 6,514 780 756 4,978 2,795 614 911 1,270 -565 29 1,929 -2,523 16 Revaluation by type of asset Residential structures Nonres. plant 8 equipeent Inventories • Change In the value of land holdings 758 1.082 -197 1.968 -689 12 13 14 15 -1.645 16 17 • Other revaluations - 18 * Change In net worth -2,018 18 17 Nonfere Noncorporate Business 1 Gross lnv..Flow of Funds basis 2 • Proprietors* net lnvesteent 3 - Capital consuep.allow.* NIPA * Net lnvesteent flow. 4 Balance Sheet basis 3,127 3,899 4,454 4.716 4,999 5,695 6,009 6,255 1 -19 669 1,504 119 2,693 163 435 1,157 2 3,127 3,899 4,454 4,716 4.999 5,695 6,009 6,255 3 -19 669 1,504 119 2.693 163 435 1,157 4 5 - Depreciation valuation adj. 6 Depreciation charges 7 -Cap. conswap. allow.• NIPA -181 2.946 3,127 -219 3.680 3.899 -241 4,213 4.454 -252 4,464 4,716 -262 4,737 4,999 -289 5,406 5,695 -301 5.708 6,009 -311 5.944 6.255 5 6 7 8 • Reval. of physical assets 9 Change In value 10 Depreciation charges 11 -Gross purchases, FOF basis 11.514 12.612 2,946 4.044 12.288 13,605 3,680 4,997 5.455 7,971 4,213 6,729 1,416 1,498 4,464 4.546 6.380 10.001 4.737 8.358 6.807 7.481 5.406 1.112 6.080 1,862 5,708 6.458 186 8 2,083 9 5,944 10 7.841 11 12 13 14 lb 11,514 7,137 2,784 1,593 12,288 7,935 2,938 1,415 5,455 3,500 1,241 714 1,416 1,564 330 -478 6.380 3,316 1.812 1.252 6.807 4,478 2,081 248 2,278 -918 -248 2,937 3,288 2,858 Revaluation by type of asset Residential structures Nonres. Plant • equipeent Inventories • Change in the value of 16 land holdings 17 • Other revaluations 18 * Change in net worth 2,436 2.007 2.847 -866 -2 3 2 13,747 9,634 3.797 12.184 1.112 186 1.703 -1.757 240 12 13 14 15 2.467 16 1 17 4,189 4.122 18 October 198* Fere Business Fere Business Sector Stock-Flow Reconciliation Statements 47 Annuel Flows 1954 1955 195* 1957 1958 1959 19*0 19*1 Fere Business 1 3.179 3.267 3.442 3.548 3.627 3.695 3.705 2 -1.637 -2.431 -1.183 -2.365 -939 -2.939 -1.683 3 3.192 3.300 3.485 3.599 3.659 3.732 3.740 4 -1.650 -2.464 -1.226 -2.416 -971 -2.976 -1.718 5 * 7 118 3.310 3.192 125 3.425 3*300 139 3.624 3.485 147 3.746 3.599 157 3.816 3.659 168 3.900 3.732 176 3.916 3.740 183 - Depreciation valuation adj. 3.917 Depreciation charges 3.734 -Cap. consump. allow., NIPA 8 9 10 11 614 -254 3.310 2.442 1.199 125 3.425 2.351 1.538 1.218 3.624 3.304 2.774 1.536 3.746 2.508 1.442 1.752 3.816 4.126 228 41 3.900 3.713 1.555 1.187 3.916 3.548 1.051 • Revel, of physicel assets 8 845 Change In velue 9 3.91' Depreciation charges 10 3.711 -Gross purchases. FOF basis 11 12 13 14 15 614 24 1.831 -1.241 1.199 219 2.507 -1.527 1.538 -9 1.085 462 2.774 -255 2.431 598 1.442 -243 1.081 604 228 -153 919 -538 1.555 -157 878 834 1.051 -176 1.039 188 1* 3.118 4.218 7.144 5.969 9.434 5.822 1.283 5.673 17 - - — 7.317 . - - *.180 9.748 3.705 Gross lnv..Flow of Funds besls -1.608 • Proprietors' net Investment 3.734 - Capital consump.allow., NIPA -1.637 - 2.90* 944 • Met investment flow. Balence Sheet basis Revaluation by type of esset Resldentlel structures Monres. plent t equipment Inventories • Change in the velue of land holdings • Other revaluations 4.904 > Change in net worth 1 2 3 4 5 * 7 12 13 14 15 1* 17 18 Nonfarm Noncorporate Business 1 6.462 6.778 7 ,355 7.784 7.986 8.226 8,469 2 -204 508 -97 1.452 1,161 371 -820 2.05* • Proprietors' net investment 2 3 6.462 6.778 7 .355 7.784 7.986 8.226 8.469 8*35 - Capital consump.allow.. NIPA 3 8,*35 Gross lnv..Flow of Funds besls « 4 -204 508 -97 1.452 1,161 -820 2.05* Net Investment flow, Balance Sheet basis 5 6 7 -320 6.142 6.462 -331 6.447 6.778 -352 7 ,003 7 355 -369 7.415 7.784 -380 7.606 7.986 -396 7 .*>30 8.226 -413 8.056 8.469 -430 8.205 8.*35 Deprecietlon valuation adj. Depreciation charges -Cap. consump. allow., NIPA 8 9 10 11 788 2.458 6.142 7.812 4.252 7.332 6.447 9.527 6 419 6 ,599 7 ,003 7 ,183 1.459 3.593 7.415 9.549 1.740 2.863 7.606 8,729 1.056 4,116 7.830 10.890 648 2.679 8.056 10.087 -4*1 3.001 8.205 11.**7 12 13 14 15 788 2.135 -1.447 100 4.252 3.664 268 320 6 ,419 3 ,216 2 ,659 544 1.459 1.835 -637 261 1.740 1.699 -365 406 1.906 -295 >55 ., 648 1.889 -803 -438 -4*1 1.492 359 -1.594 16 3.010 3.345 5 ,293 3.154 3,505 3,390 4.895 3,*63 -1 -2 1 9 * 6 11 ,966 6.432 6,787 5.422 5.142 5.694 371 • 17 18 - 3.914 - 8.436 Data are in millions of dollars. 12 13 14 15 Change in the value of land holdings 16 Other revaluations 17 Change in net worth 18 . • 4 5 6 7 Revel, of physicel assets 8 Chenge in velue 9 Depreciation charges 10 -Gross purchases, FOF besls 11 Revaluation by type of asset Residential structures Nonres. plant 1 equipment Inventories • 1 October 1986 Farm Business Fere Business 4 8 Sector Stock-Flow Reconciliation Statements Annuel Flows - , Annuel Flows 19 * 2 1963 %**< 19*5 1966 1967 1968 1969 Farm Business 1 Gross lnv..Flow of Funds basis 3,761 3,690 3,883 4,092 4.370 4,593 4,895 5.312 1 2 • Proprietors' net Investment -1,763 -2,505 -2,788 -2,019 -2.476 -882 -311 -1.366 2 3 - Capital consump.allow., NIPA 3,762 3,807 3,893 4,046 4.288 4,552 4,852 5,251 3 -1,764 -2,622 -2,798 -1.975 -2.394 -841 -268 -1,305 4 5 - Depreciation valuation adj. 6 Depreciation charges 7 -Cap. consump. allow., NIPA 192 3,954 3,762 203 4,010 3,807 212 4,105 3,893 227 4,273 4,046 245 4.533 4,288 265 4,817 4,552 288 5,140 4,852 320 5,571 5,251 5 6 7 8 • Revel, of physical assets 9 Change in velue 10 Depreciation charges 11 -Gross purchases, FOF basis 1,875 2,089 3.954 4,168 747 1,374 4,010 4,637 877 264 4,105 3,492 4,480 5.847 4.273 5.640 2,274 3,028 4,533 5,287 1,864 3,498 4,817 6,451 5,327 5,985 5,140 5,798 7,269 8 7,765 9 5.571 10 6.067 11 12 13 14 15 1,875 -142 1,246 771 747 -348 1,187 -92 877 256 1,095 -474 4.480 58 1.873 2.549 2,274 775 2.012 -513 1,864 440 1,584 -160 5,327 1,526 2.732 1.069 7.269 1.353 3.338 2,578 5,147 8,068 8,027 10.764 7.899 9,176 6.103 3,144 16 • Net Investment flow, 4 Balance Sheet besls 16 Revaluation by type of esset Residentlel structures Nonres. plant & equipment Inventories • Change in the value of land holdings 17 • Other revaluations 18 * Change in net worth - 5,066 5,990 - - - - 5,894 13.044 7.534 9,934 - 10.874 - 12 13 14 15 17 8.788 18 1 Gross lnv..Flow of Funds besls 8.864 9,155 9,569 10,101 10,850 11,614 12,583 13,831 1 2 • Proprietors* net investment 1,959 4,144 2,137 2,335 1,691 -68 -1,621 3 - Cepltel consump.allow., NIPA -3,101 2 8,864 9,155 9,569 10,101 10,850 11,614 12,583 « Net Investment flow, 4 Balance Sheet basis 13,831 3 1,959 4,144 2,137 2,335 1,691 -68 -1,621 5 - Depreciation valuation adj. 6 Depreciation charges 7 -Cap. consump. allow., NIPA -3.101 4 -448 8,416 8,864 -475 8,680 9,155 -499 9,070 9,569 -537 9,564 10,101 -583 10,267 10,850 -629 10,985 11,614 -684 11.899 12,583 8 • Revel, of physical assets 9 Chenge in value 10 Depreciation charges 11 -Gross purcheses, FOF besls -765 13.066 13.831 1.091 5.949 8.416 13.274 -1,860 4,794 8,680 15,334 2,857 10,171 9,070 16,384 2,534 11,081 9,564 18,111 9,238 15,793 10.267 16.822 4,546 11,356 10,985 17,795 16,636 23,872 11,899 19,135 14.812 8 25.308 9 13.066 10 23.562 11 1,091 1.005 -120 206 -1,860 -956 247 -1,151 2.857 3.007 540 -690 2,534 1,639 921 -26 9.238 6.729 2,393 116 4,546 3,742 1,681 -877 16,636 12,399 4,090 147 14.812 10.749 4,266 -203 3,514 3,507 4,218 3,968 8,443 2,252 4,858 184 -166 -20 29 47 -47 15 17 7,196 6,100 9,354 19.984 7,406 20,510 18,118 18 12 13 14 15 16 Reveluetlon by type of esset Residential structures Nonres. plent 8 equipment Inventories • Chenge in the velue of land holdings 17 • Other revaluations 18 s Change in net worth Data are in millions of dollars. 9,711 12 13 14 15 5,627 16 October 1986 F.r. Business Fsre Busintss Sector Stock-Flow Reconciliation Statements Annual Flows 1970 Annual Flows 1971 1972 1973 1974 1975 1976 1977 Fare Business 1 5 .639 5 .957 6 .777 7 .827 8 .530 10 .336 11 .215 12 .390 Gross inv..Flow of Funds basis 2 -438 - 1 .740 - 2 .758 - 2 .209 - 5 .335 -920 - 7 .301 - 6 .826 3 5 ,651 5 ,942 6 .605 7 ,228 8 ,308 9 .789 10 .771 12 ,099 4 -430 - 1 ,725 - 2 ,586 - 1 ,610 - 5 ,113 -373 - 6 ,857 - 6 535 5 6 7 349 5 ,980 5. 631 373 6 .315 5 .942 421 7 ,026 6 ,605 467 7 695 7 .228 549 8 ,857 8 ,308 672 10 ,461 9 ,789 768 11 ,539 10,,771 891 12 ,990 12,.099 8 9 10 11 2, 605 3 491 K, 980 6, 8 6 6 8.,274 10.,295 6.,315 8 ,336 14,,121 15 ,901 7 ,026 8 ,806 25,,038 31,.041 7,,695 13,.698 15,.306 17,.257 8,.857 10,.808 4,,806 12 .075 10 .461 17 ,730 7,,907 9,,692 11,,539 13,,324 12 ,047 17,,101 12,,990 18,,044 12 13 14 15 2,.605 744 2, 606 -745 8 ,274 1,,666 3 ,641 2.967 14 ,121 1 ,698 4 ,427 7 996 25,.038 2,.791 4,.497 17,.750 15,.306 3,.496 13,.223 -1,,413 4 .806 2 .021 4,.315 -1,.530 7,,907 3,,210 7, 281 - 2 , 584 12,,047 4, 600 9, 394 - 1 , 947 16 4.,561 11,,965 23 ,788 54,,401 21,,454 53,,256 70, 443 47, 117 17 188 728 8 215 14 -11 -37 18 6, 199 18,,869 34 ,910 77, 5 7 7 31,,112 57,,006 70. 688 . - - 1 Proprietors' net Investment 2 Capital consump.allow., NIPA 3 « Net investment flow. Balance Sheet basis Depreciation valuation adj. Depreciation charges -Cap. consump. allow., NIPA • 4 5 6 7 Reval. of physical assets 8 Change in value 9 Depreciation charges 10 -Gross purchases, FOF basis 11 Revaluation by type of asset Residential structures Nonres. plant & equipment Inventories 12 13 14 15 • Change In the value of land holdings 16 • Other revaluations 51. 738 • Change in net worth 17 18 Montana Noncorporate Business 1 14 ,971 16 ,426 17 .989 19 .965 23 .013 26 ,469 28,,901 2 - 5 ,139 - 1 ,926 - 4 ,847 - 4 .690 - 9 553 - 1 3 ,201 -16,,365 - 2 0 ,987 • 3 14 ,971 16 ,426 17 .989 19 ,965 23 .013 2 6 ,469 28,,901 32 ,378 - 32 ,378 Gross inv.,Flow of Funds basis * 4 - 5 ,139 -1,,926 - 4 .847 -4,,690 - 9 .553 - 1 3 ,201 - 1 6 ,,365 - 2 0 ,987 5 6 7 -817 14 .154 14 ,971 -880 15 ,546 16 ,426 -967 17 ,022 17 ,989 - 1 ,087 18 ,878 19 ,965 - 1 .254 21 .759 23 ,013 - 1 ,455 25 ,014 26 ,469 - 1 ,,630 27, 271 28, 901 - 1 ,873 30 ,505 32 ,378 8 9 10 11 10 ,826 2 0 ,851 14 ,154 2 4 ,179 18 34 15 30 ,932 ,305 ,546 ,919 17 ,442 39 .997 17 ,022 39 ,577 30 54 18 42 52 64 21 33 ,650 ,200 ,759 ,309 30,,538 30 ,366 25 ,014 241,842 46, 677 46, 986 27, 271 27, 580 64 ,587 74 ,336 30,,505 4 0 ,254 12 13 14 15 10 ,826 5 ,206 5 .182 438 18 ,952 11 ,017 6 ,103 1 ,812 17 ,442 11 ,510 5 ,089 843 30 ,250 2 0 ,634 A ,746 870 521,650 2 7 ,680 2 4 ,104 866 30,,538 21 ,926 11, 556 -2,,944 46, 677 34, 327 11, 771 579 64,,587 5 0 ,759 15, 234 -1,,406 16 4,,057 6 ,912 18 ,76* 2 5 ,841 2 6 ,233 23, 638 S3. 957 57,,013 17 1 .848. - 1 ,847 2 339 98 -1,,763 -310 11 2 2 ,951 32 .330 52,,827 70,,682 40,,667 65. 589 102,,497 ; ,250 ,218 ,878 ,846 • • 18 12 .409 Data are in Billions of dollars. • 1 Proprietors' net investment 2 Capital consump.allow.. NIPA 3 Net Investment flow. Balance Sheet basis 4 Depreciation valuation adj. Depreciation charges -Cap. consump. allow., NIPA 5 6 7 Reval. of physical assets 8 Change in value 9 Depreciation charges 10 -Gross purchases. FOF basis 11 Revaluation by type of asset Residential structures Nonres. plant & equipment Inventories 12 13 14 15 Change in the value of land holdings 16 • Other revaluations 17 «... Change in net worth 18 October 1986 Farm Business SSL Farm Business Sector Stock-Flow Reconciliation Statements nual Flows Annual Flows 1981 Farm Business 14 .459 16 .258 18 .056 19.586 20.952 -7 .881 -11 .961 -16 .895 -8.022 -9,887 3 - Capital consump.allow.* NIPA 13 ,557 15 .343 17 .591 19.363 20.455 * Net Investment flow. 4 Balance Sheet basis -6 .979 -11 .046 -16 .430 -7.799 5 - Depreciation valuation adj. 6 Depreciation charges 7 -Cap. consump. allow., NIPA 1,027 14 .584 13 ,557 1 .193 16 .536 15 .343 1 .399 18 ,990 17 ,591 1.570 20.933 19.363 8 • Reval. of physical assets 9 Change in value 10 Depreciation charges 11 -Gross purchases. FOF basis 32 ,416 39 ,558 14 .584 21,,726 17 ,372 27 ,722 16,,536 26,,886 29 ,796 < 26,,208 18, 990 15,402 12 13 14 15 32.416 5,546 14.618 12.252 17, 372 5. 363 10.065 1,944 81. 364 100.831 Revaluation by type of asset Residential structures Nonres. plant 8 equipment Inventories • Change In the value of land holdings 16 17 • Other revaluations 18 * Change In net worth - 105.774 -21 105.943 21 .359 21 ,618 21 .798 1 w 1 Gross lnv.,Flow of Funds basis 2 • Proprietors' net Investment 5 .702 11 .880 2 20 .781 20 .927 20 .639 3 -9.390 -14 .987 6 .393 13 .039 4 1.680 22.135 20,455 1 .725 22 .506 20 .781 1.743 22 .670 20 .927 1 ,714 221,353 20 ,639 5 6 7 8.469 14.722 20.933 27.186 2.785 -2.889 22.135 16.461 18 ,866 4 ,460 ,506 8,,100 1 ,096 2 ,612 22 ,670 24,,186 29, 796 4.846 15. 183 9.767 8.469 4.549 12.632 -8.712 2,785 -540 4.181 -856 18,866 3, 156 8, 118 7.592 1,,096 2, 181 4.597 -5.682 67. 131 -11.772 -37,581 -17.174 -108.887 -4.071 1 -16.743 -45.865 - 79.098 -15 - -15.020 62 -103.079 -7,,043 8 -12, 687 9 22, 353 10 16, 709 11 -7,043 576 — 1,570 -6.049 12 13 14 15 -85.430 16 - 17 -81. 148 18 Nonfarm Noncorporate Business 1 Gross inv..Flow of Funds basis 2 • 3 - Capital consump.allow.. NIPA * Net investment flow. Balance Sheet basis 4 Proprietors' net Investment 37 .047 43 ,473 50 .435 57 .982 64 ,403 66 .444 69 .978 73 .540 1 -22 .311 -32 .546 -32 .723 -21 .165 -35 .823 -74 .412 -74 ,163 -60 ,858 2 37 .047 43 .473 50 .435 57 .982 64 .403 66 .444 69 .978 73 .540 3 -22 .311 -32 .546 -32 .723 -21 .165 -35 .823 -74 .412 -74 .163 -60 .858 4 5 6 7 Depreciation valuation adj. Depreciation charges -Cap. consump. allow., NIPA -2 ,156 34 ,891 37 ,047 -2 ,505 40 ,968 43 ,473 -2 .895 47 ,542 50 .435 -3 .226 54 .756 57 .982 -3 ,418 60 ,985 64 ,403 -3 ,522 62 ,922 66,,444 -3 .671 66 .307 69 .978 -3 ,733 69 ,807 73 ,540 5 6 7 8 9 10 11 Reval. of physical assets Change In value Depreciation charges -Gross purchases. FOF basis 97 ,608 109,,288 34,,891 46, 571 122,,687 125,,427 40, 968 43, 708 133 ,211 131 ,085 47,,542 45,,416 122 ,929 136 ,836 54,,756 68,,663 39 ,372 41,,126 60,,985 62,,739 52,,974 59,,340 62, 922 69,288 81 ,897 99 ,568 66,,307 83,,978 57,,966 8 77,,996 9 69,,807 10 89,,837 11 12 13 14 15 Revaluation by type of asset Residential structures Nonres. plant & equipment Inventories 97,608 66.514 31.274 -180 122, 687 98.858 19, 796 4,033 133,,211 98,,271 32,,701 2,239 122,,929 92,,223 37, 781 -7,075 39. 372 22. 791 14.442 2. 139 52. 974 44. 107 6. 704 2. 163 81,,897 69, 392 13, 955 -1,450 57, 966 51. 284 9. 738 -3.056 * Change In the value of land holdings 73,228 91,947 102.877 132.595 55 618 137,233 101.447 17 • Other revaluations 1.333 170 435 5, 159 3,750 113 -3,602 1.091 17 18 " Change In net worth 152,014 184,423 206. 693 242,744 66,335 119.430 109.250 43. 317 18 16 12 13 14 15 41.385 16 October 1986 Nonflnanclal Corporate Business Nonflnanclal Corporate Buslni Sector Stock-Flow Reconciliation Statements 5i Annual Flows 1946 1947 1948 1949 1950 1951 1952 1953 Nonflnanclal Corporate Business 1 6 .893 12 ,356 15 ,838 17 .972 16 ,380 21 ,730 21,954 2 3 1 ,018 1 .093 1 .000 1 ,212 1 ,288 2 ,107 2,320 4 5 7 ,375 -5 ,263 8 ,974 -5 ,899 10 ,424 -2 ,152 11 ,204 1 ,856 12 ,023 -4 ,965 13 ,833 -1 ,199 14,840 1,000 15 .852 -1 .000 6 5.,799 10,,374 8 ,566 6 ,124 10 ,610 11 ,203 8,434 9 .155 7 8 9 -2 7, 373 7. 375 8,.974 8,.974 10 ,424 10 ,424 11 ,204 11 ,204 -1 12 ,022 12 ,023 13 ,833 13 ,833 2 14.842 14,840 2 15 .854 15 .852 10 11 12 13 13,452 30i 180 7,.373 24,.101 14,.398 29,.430 8,.974 24,.006 7 ,765 20 ,145 10 ,424 22 ,804 1 ,893 3 735 11 ,204 13,,046 9 ,508 26 ,478 12 ,022 28 ,992 8 ,975 26 ,895 13 ,833 311,753 3,465 13,039 14.842 24,416 1 .641 13 .022 15 ,854 27 ,235 14 15 16 17 13,452 13,.084 368 14, 398 151 13,.319 928 7 ,765 -124 6 .752 1,,137 1,,893 10 2,,738 -855 9 ,508 -828 9 ,292 1 ,044 8 ,975 116 9 ,129 -270 3,465 -361 3.947 -121 1 ,641 -105 1 ,669 77 18 2,.236 3. 193 2, 454 1, 943 2,,933 3, 386 2.999 3 ,987 19 20 21 -230 230 390 1, 139 749 538 1,.259 721 415 1,.075 660 467 1,,088 621 683 1,.191 508 890 1.742 852 797 1,,532 735 -4 -4 90 100 10 150 184 34 98 154 56 370 450 80 177 267 90 155 287 132 148 306 158 22 23 24 - - - . - - - -1 - - - -3 22 ,241 Gross lnv..Flow of Funds basis - -300 25 64 26 21, 323 28.265 19..173 10,.276 23, 149 24, 070 27 5. 799 10. 374 8,.566 6. 124 10,.610 11.203 8,434 9,.155 28 29 30 31 -I. 116 17.677 5. 308 24, 101 -1.225 17. 012 5. 769 24. 006 956 15,.300 6..548 22,804 -395 5. 316 7. 335 13. 046 -1,.390 19,486 8,.116 28. 992 -686 22, 061 9. 006 31. 753 -783 13,645 9,988 24,416 -915 15,.304 11, 016 27. 235 32 490 302 244 194 294 321 -261 552 33 34 35 -2,067 5, 308 7. 375 -3.205 5. 769 8. 974 -3,876 6,.548 10,.424 -3.869 7. 335 11.204 -3. 907 8. 116 12. 023 -4.827 9.006 13.833 -4,852 9,988 14,840 -4,836 il. 016 15.852 36 -230 390 538 415 467 683 890 797 177 155 148 -3 -300 - - - - 15,628 1 - Corporate equity Issues M%n. rights fro* U.S. govt. 2 3 - Capital consump.allow., NIPA Inventory valuation ad). 4 5 1.766 • e Net investment flow. Belance Sheet basis Depreciation valuation adj. Depreciation charges -Cap. consuep. allow.. NIPA • 6 7 8 9 Revel, of physical assets Change In value Depreciation charges -Gross purchases (1) 10 11 12 13 Revaluation by type of asset Resldentlel structures Nonres. Plant 8 equipment Inventories (1) 14 15 16 17 • Change In the value of land holdlnga 18 • Reval. of fgn. dir. Invest. Change In value -Direct Investment 19 20 21 Reval. of dir. lnv. In U.S. Change In value -Direct Investment 22 23 24 Other revaluations . 25 • 15. 130 a Change In met worth 26 Tangibles and net worth on historical cost basis: 37 - 90 38 64 - 39 7, 074 12. 956 150 - 12..118 98 370 -1 - 10. 108 13,518 - 16, 171 12*974 Net Investment flow 27 • Reval. of physical assets Change In value Depreciation charges -Gross purchases (1) 28 29 30 31 • Change In the value of land holdings 32 - Depreciation valuation adj. 33 Depreciation charges 34 -Cap. consump. allow.. NIPA 35 • • Reval. of fgn. dir. invest. 36 - Reval. of dir. lnv. in U.S. 37 Other revaluations 38 13. 977 - Change In net worth CI) Before inventory valuation adjustment. Data are In millions of dollars. 39 October 1986 Nonfinancial Corporate Business Sector Stock-Flow Reconciliation Statements 52 Annual Flows Annuel Flows 1954 1955 1956 1957 1958 1959 1960 1961 Nonflnenciel Corporate Business 22 .466 25 ,634 25 ,960 28 ,418 26 .974 31.798 28 ,802 31 .601 1 Corporate equity Issues Mln. rights from U.S. govt. 1 583 1 .719 2 .250 2 .441 1 .968 2.078 1 365 2 .121 2 3 Capital consump.allow.. NIPA Inventory valuation ad). 16,765 -300 17 .785 -1 ,750 20 .032 -2 ,675 22 .048 -1 ,525 23.059 -250 24.135 -277 25,134 -173 25 ,882 271 4 5 7 ,584 11 ,318 10 .853 10 .336 6 .133 10,018 5 ,206 7 ,569 6 25 .882 25 .882 7 8 9 1 Gross Inv.tFlow of Funds basis 2 3 • 4 5 6 7 8 9 10 11 12 13 • Net Investment flow. Balance Sheet besls - * 14 15 16 17 18 19 20 21 22 23 24 25 • • - • Depreciation valuation adj. Depreciation charges -Cap. consump. ellow.» NIPA -1 16,>764 16,,765 -1 17 ,784 17 ,785 -1 20 ,031 20 ,032 2 22 ,050 22 ,048 23 .059 23 .059 24.135 24,135 1 25 .135 25 .134 Revel, of phvslcel essets Change In value Deprecletlon cherges -Gross purcheses (1) 1,>231 8,.031 16,,764 23, 564 10,,438 26 ,953 17,,784 34,,299 15,,717 35 539 20 ,031 39 ,853 6 ,518 21 ,724 22,,050 37,,256 1 ,888 6 ,877 23,,059 28 ,048 3.849 17,951 24.135 38.237 -1 .651 11 ,232 25 .135 38 ,018 -363 9.950 25,882 36,195 10 11 12 13 Revaluation by type of esset Resldentlel structures Nonres. plant 8 equipment Inventories (1) 1.231 -554 1.589 196 10.438 -234 9.651 1.021 15,,717 232 15,,009 476 6.518 63 6.745 -290 1.888 -330 1,931 287 3,849 -293 3,654 488 -1 ,651 239 -2 ,086 196 -363 -188 -1.148 973 14 15 16 17 Change In the velue of land holdings 5.,306 4,,642 7,,382 7,,559 6,,744 5,787 5 ,097 5 ,622 18 Revel, of fgn. dir. Invest. Change in value -Direct Investment 711 1,,378 667 941 1,,764 823 1,,159 3,,110 1,,951 447 2,,889 2,,442 834 2,,015 1,,181 1,046 2.418 1.372 -901 2,038 2,939 201 19 2,,852 20 2,,651 21 Reval. of dir. lnv. In U.S. Change In velue -Direct Investment 258 382 124 246 443 197 151 383 232 96 251 155 307 405 98 251 489 238 -9 306 315 173 22 482 23 309 24 1 99 -1 1 -1 -158 7 —95 25 15,,291 20,291 7,,766 12,,761 26 7,,569 27 Other reveluetlons 34,,960 24,,763 26 • Change in net worth 14<,576 27,,193 Net investment flow 7,584 11,,318 10,,853 10,,336 6,,133 10,018 5,,206 -1,,406 10,,033 12,,125 23,,564 -I,,908 19,,209 13,,182 34,,299 -1,,033 24,,405 14,,415 39,,853 -I,,323 20,,233 15,,700 37,,256 -1,,708 9,,487 16,,853 28,,048 -765 19,547 17,925 38,237 -837 18,054 19,127 38,018 27 Revel, of phvslcel assets Change in velue Depreciation charges -Gross purcheses (1) 28 29 30 31 32 33 34 35 • - 36 • 37 - 38 • Chenge In the velue of lend holdings Deprecletlon veluetion edl. Depreciation charges -Cap. consump. allow.* NIPA 265 16,,105 20. 355 56, 195 28 29 30 31 345 655 1,,212 745 1,,514 1,607 1,,519 2,,054 32 -4,,640 12,,125 16,,765 -4,,603 13,,182 17,,785 5 ,617 14 ,415 20 ,032 -6,,348 15,,700 22,,048 -6,,206 16 ,853 23,,059 -6,210 17,925 24,135 -6,,007 19,,127 25, 134 -5,,527 33 20,,355 34 25,,882 35 201 36 Reval. of fgn. dir. Invest. 711 941 1 ,159 447 834 1,046 -901 Reval. of dir. lnv. In U.S. 258 246 151 96 307 251 -9 173 37 1 99 -1 1 -1 -158 7 -95 38 11 ,617 15 ,462 17 656 16 ,45# 12 ,671 17,707 11,,010 15,,348 39 Other reveluetlons 39 « Change In net worth (1) Before inventory valuation adjustment. Data are in millions of dollars. Nonfinanclal Corporate Business Nonfinanclal Corporate Business Sector Stock-Flow Reconciliation Statements gg Annual Flows Annual Flows 1962 1963 1964 1965 1966 1967 1968 1969 56. 946 57.165 Nonfinanclal Corporate Business 1 38.976 38.770 43,173 49. 650 56.840 62.336 Gross lnv..Flow of Funds basis 1 3.406 • Corporate equity Issues 44 - Mln. rights from U.S. govt. 2 3 2 3 369 -341 1.145 -28 1.259 2. 397 -159 1.330 4 5 26.827 26 28,002 54 29.448 -494 31.459 -1,245 34.281 -2.107 37,556 -1.554 41.448 -3.651 45.399 - Capital consump.allow.» NIPA -5.870 - inventory valuation adj. 4 5 6 12.492 10.373 15.364 19.408 25.925 23. 341 17.879 26,169 e Net investment flow. Balance Sheet basis 6 -1 41.447 41.448 - Depreciation valuation adj. Depreciation charges 45.399 -Cap. consump. allow.. NIPA 45.399 7 8 9 7 8 9 26,827 26.827 28.002 28.002 29.448 29.448 1 31.460 . 31.459 34,281 34.281 1 37.557 37.556 10 11 12 13 -541 16.371 26.827 43.739 1.783 18.300 28,002 44.519 4.396 25.552 29.448 50.604 6.642 38. 087 31.460 62. 905 13.466 56.634 34.281 77.449 13.567 48. 794 37.557 72. 784 26,996 63.303 41,447 77.754 28.420 • Revel, of physical assets Change In velue 72.191 Depreciation charges 45.399 -Gross purcheses (1) 89.170 14 15 16 17 -541 -306 266 -501 1.783 • -279 784 1.278 4.396 182 3.169 1.045 6.642 -116 6,675 83 13.466 868 12.363 235 13.567 -520 12.654 1.433 26.996 1.114 24.285 1.597 28.420 1.401 24.417 2.602 18 1.916 1.973 3.091 3i,251 3.654 234 26 3.654 Revaluation by type of asset Residential structures Nonres. plant 8 equipment Inventories (1) • Change In the velue of land holdings 10 11 12 13 14 15 16 17 18 227 • Revel, of fgn. dir. Invest. 19 20 Change In value 5.157 21 -Direct Investment 4.930 19 20 21 -290 2.559 2.849 -21 3.460 3.481 -14 3.744 3.758 -16 4 .803 4,.819 -3.098 1.724 4.822 -35 4..322 4,,357 53 3.218 3,165 22 23 24 -125 220 345 101 332 231 99 419 320 19 434 415 -167 257 424 172 869 697 86 892 806 25 182 -142 212 8 -6 39 693 29 ,273 40.108 36 .973 45,562 19 ,408 25.925 23 ,341 17.879 26.169 « Net Investment flow 27 -1 ,778 34 ,763 26 ,364 62 ,905 -2,206 46.603 28.640 77,449 -1 ,106 40 ,551 31 ,127 72 ,784 -72 43.994 33.688 77,754 601 • Revel, of physical assets Chenge in value 53.044 Deprecietlon charges 36,727 -Gross purchases (1) 89,170 28 29 30 31 26 13.884 13.865 22,950 -258 - Revel, of dir. lnv. In U.S. Change In value 1.003 -Direct Investment 1,261 13 • Other revaluations 58.741 S Change In net worth 22 23 24 25 26 Tangibles and net worth on historical cost basis: 27 12.492 10.373 15.364 -664 25.441 24.499 50,604. 28 29 30 31 -1.960 20.195 21.584 43.739 -75 21,478 22.966 44,519 32 1,85# 1,858 1,988 2 ,576 2,349 2 ,175 2,290 33 34 35 5 243 21.584 26.827 -5,056 22,966 28,002 -4,949 24,499 29,448 5 ,095 26 ,364 31 459 -5,641 28.640 34,281 -6 ,429 31 ,127 37 ,556 -7,760 33,688 41,448 36 -290 -21 -14 -16 -3,098 -35 53 37 -125 101 99 19 -167 172 84 38 182 -142 212 8 -6 39 693 39 17.650 16,928 21,736 25 ,274 28,772 30 ,671 28,517 4,258 • Change In the value of land holdings 227 • Reval. of fgn. dir. Invest. 36 -258 - Reval. of dir. lnv. in U.S. IS • Other revaluations 40,19# • Change in net worth CI) Before Inventory valuation adjustment. Data are in millions of dollars. 32 -8,672 - Depreciation valuation adj. 33 34 Depreciation charges 36.727 -Cap. census*, allow., NIPA 35 45,399 37 58 39 October 1986 Nonflnanclal Corporate Business Nonflnanclal Corporate Business Sector Stock-Flow Reconciliation Statements 54 Annual Flows Annual Flows 1971 1973 1972 1974 Nonflnanclal Corporate Business 1 Gross lnv..Flow of Funds basis 2 • Corporate equity Issues 3 - Mln. rights from U.S. govt. 4 - Capital consump.allow.* NIPA 5 - Inventory valuation adj. 6 * Net Investment flow. Balance Sheet basis 7 - Depreciation valuation adj. 8 Depreciation charges 9 -Cap. consump. allow.. NIPA 58 ,517 70.210 78.,059 87 .873 85 ,961 119 .838 133,,317 145 ,839 1 9 ,908 1 ,323 10,,524 3.,973 2 ,727 2 ,470 2 3 5 ,694 329 11.435 717 10. 922 912 7 ,883 3 ,168 4 ,097 < 6 ,490 491,857 -6.,552 54,783 -4.584 60.,111 -6.,610 65 ,223 -20,,022 76.,301 -39 ,457 91,,878 -10,,952 102.,301 -14.,911 114,,321 -16,,637 4 5 46.724 47.497 52,478 48.412 6 34.568 20.577 -2 -2 49.857 49.857 54.784 54.783 60.109 60.111 65.223 65.223 76.301 76.301 91.876 91.878 102.301 102.301 114.322 114.321 10 • Reval. of physical assets 11 Change In value 12 Depreciation charges 13 -Gross purchases (1) 30.873 66.490 49.857 85.474 36.240 70.493 54.784 89.037 31.829 72.428 60,109 100.708 59.207 129.855 65,223 135.871 171.363 266.633 76.301 171.571 94.568 124.518 91,876 121.826 74,418 139,992 102.301 167,875 96.563 176.086 114,322 193.845 10 11 12 13 14 15 16 17 30.873 497 31.863 -1.487 36.240 1.165 34,648 427 31,829 1.986 28»022 1.821 59.207 2.643 47.813 8.751 171.363 2.771 152.172 16.420 94.568 1.517 88.420 4.631 74.418 932 67.987 5.499 96.563 813 87.870 7.880 14 15 16 17 Change in the value of land holdings 2. 651 2. 979 8. 399 12,,407 22,891 6,125 13,,932 22 ,653 18 Reval. of fgn. dir. Invest. Change In value -Direct Investment -201 6.565 6.766 336 6, 119 6.455 -627 5.115 5.742 85 10.,212 10.,127 -285 8,649 8,934 -270 13.776 14,046 812 12,,443 11,,631 -2 ,707 19 8 ,799 20 11,,506 21 Reval. of dir. lnv. in U.S. Change in value -Direct investment -9 1,,452 1 ,461 278 644 366 5 954 949 2,,890 5,,688 2.,798 -170 4,588 4,758 -83 2,518 2.601 -1 ,237 3 ,108 4 ,345 99 22 3,,825 23 3,,726 24 5 797 65 55 28,713 -182 3 ,045 -1,466 25 145 ,922 163, 355 26 48,,412 27 19 20 21 22 23 24 Revaluation by type of asset Residential structures Nonres. plant 8 equipment Inventories (1) • - • Other revaluations ,Change in net worth 53 ,904 70.,130 74,,231 116 ,251 269,576 147.823 34 ,568 47,,387 46,,724 47 ,497 52,,478 1,,318 86 ,429 50,,760 135 ,871 7 ,180 123.,071 55 ,680 171.,571 3 .551 64 361 61 .016 121 .826 -3,,074 98,,002 66 ,799 167,,875 Tangibles and net worth on historical cost basis: 27 » Net Investment flow 28 • Reval. of physical assets 29 Change In value 30 Depreciation charges 31 -Gross purchases (1) 32 33 34 35 36 37 38 39 • - • - • Change in the value of land holdings Depreciation valuation adj. Depreciation cherges -Cap. consump. allow., NIPA Reval. of fgn. dir. invest. Reval. of dir. lnv. In U.S. Other revaluations ,Change In net worth 20,,577 30 ,729 1 ,581 55 ,464 46 ,825 100 ,708 497 120 .339 74 ,003 193 .845 28 29 30 31 -750 44,834 39.890 85.474 -2 ,863 43 ,205 42 .969 89 .037 1.,652 1,,935 2,,871 4,518 3 .889 1 .178 1 ,514 2.,956 52 -9,,967 39 ,890 49 ,857 -11,,814 42,,969 54,,783 -13 ,286 46 ,825 60 .111 -14,463 50,760 65.223 -20 .621 55 ,680 76 ,301 -30,,862 61 .016 91 ,878 -55 .502 66 ,799 102 .501 -40.,518 55 74.,003 54 114.,521 55 -201 -336 -627 85 -285 -270 812 -2 ,707 56 278 5 2,890 -170 -85 -1 .237 99 37 5 797 65 55 28 ,713 -182 3 ,045 -1 ,466 38 31 ,249 41 .798 51 .739 64,956 107 .012 82 .719 91 ,514 87 .891 39 -9 October 1986 Nonfinenclel Corporate Business Nonflnanclal Corporate Business 55 Sector Stock-Flow Reconciliation Statements Annual Flows Annual Flows 1980 1979 1981 1985 1982 Nonflnanclal Corporate Business 1 163..098 207,,692 195,,708 206,,149 206,754 253 ,452 292 .006 320 ,989 Gross inv..Flow of Funds basis 11.386 7.791 28,,311 7 ,785 -76 .980 7 .902 -81 ,600 4 ,376 1 Corporate equity issues Min. rights from U.S. govt. 2 3 - Capital consump.allow.* NIPA Inventory valuation ad). 4 5 • Net investment flow. Balance Sheet besls 6 7 8 9 2 3 -101 1,973 -7,836 4,,745 12,875 4,,997 -11,450 4,847 4 5 129,844 -25,298 149,,609 -43,,175 171, 262 -43, 129 198,,782 -24,,189 221,393 -10,350 228,,196 -10,,900 237 .905 -5 .475 250.584 -550 6 56, 478 88, 677 75,453 15,,259 -694 56,,682 -25 .306 -15 .021 7 8 9 1 129,845 129,844 -1 149, 608 149, 609 -1 171,,261 171,,262 1 198, 783 198, 782 9 221.402 221,393 -12 228,,184 228,,196 21 237 ,926 237 ,905 -11 250 .573 250 .584 Depreciation valuation adj. Depreciation charges -Cap. consusH*. allow.. NIPA 10 11 12 13 162,>359 272,, 776 129,,845 240,,262 148,,314 275, 387 149,,608 276,,681 208, 228 319, 169 171,261 282,,202 215, 321 322, 219 198, 783 305, 681 76.24* 113.732 221,402 258.889 63,,363 113,,124 228,,184 277,,945 62 ,137 193 ,025 237 ,926 368 ,814 15 ,021 123 ,173 250 ,573 358 .725 Revel, of physlcel assets Chenge in velue Depreciation cherges -Gross purchases (1) 10 11 12 13 14 15 16 17 162 359 2 ,316 143 ,510 16 ,533 148-314 3.944 119,907 24.463 208,,228 4, 411 186,,109 17,,708 215, 321 4, 712 193, 357 17,,252 76.245 -1.018 81.875 -4,612 63,,363 -2,,183 27,,672 37,,874 62 ,137 1 ,613 51 ,738 8 ,786 15 .021 700 6 .561 " 7 .760 Reveluatlon by type of esset Residential structures Nonres. Plant 8 equipment Inventories CI) 14 15 16 17 18 33,,929 32,,031 50,,710 60,,275 44,302 40,,175 47 ,354 16 .608 Change in the velue of lend holdings 18 19 20 21 289 16 ,379 16 ,090 -343 26.479 26.822 6,,674 30,,227 23,,553 3, 777 16,,359 12,,582 -19.618 -11.479 8.139 -7,,235 2,,587 9,,822 -7 ,450 6 ,821 14 ,271 6 .521 17 ,333 10 ,812 Revel, of fgn. dir. Invest. Change in velue -Direct investment 19 20 21 22 23 24 -19 7 .876 7 .895 115 11,,991 11,,876 11,,666 28,,584 16, 918 472 25,,668 25,,196 2,171 15.963 13,792 437 12,,384 11,,947 2 ,163 27 ,522 25 ,359 511 18.368 17.857 Revel, of dir. inv. in U.S. Change in velue -Direct Investment 22 23 24 -7 ,754 Other reveluatiens 25 25 131 811 1,,010 101 -568 -3,,427 211 26 253 ,204 269 ,376 330 ,410 294 ,260 97,487 149 ,133 74 .762 27 56 .478 88 ,677 53 15 ,259 -694 56 .682 -25 ,306 -15 ,021 28 29 30 31 1 ,869 159 ,120 83 .011 240 .262 6 ,923 189 ,273 94 ,331 276 ,681 6 ,?32 182 .129 106 .405 282 ,202 13 ,754 199 ,712 119 ,723 305 ,681 -10,895 114,148 133,846 258,889 -5 .538 125 .128 147 ,279 277 ,945 1 ,412 208 ,474 161 ,752 368 ,814 -13 833 166 ,959 177 ,933 358 .725 32 4 .222 3 ,615 7 ,854 5,442 7 ,670 7 .583 8 ,190 - • • 14 ,895 • Change in net worth 26 Tangibles and net worth <m historical cost basis* 33 34 35 36 37 38 39 -46 .833 83 .011 129 .844 289 -55 .278 94 .331 149 .609 109,841 , = 7J -64 ,857 106 ,05 171 ,262 <,*74 -343 115 -19 131 75 11 ,666 1 .010 811 154 ,84* 149 • 2S0 • * Net Investment flow 27 Revel, of physical assets Change in velue Deprecletlon cherges -Gross purchases (1) 28 29 30 31 Change In the value of land holdings 32 -87.547 133.846 221,393 -80 ,917 147 ,279 228 ,196 - -76.153 161 .752 237 .905 -72 ,651 177 ,933 250 .584 " Depreciation valuation adj. 33 34 Deprecletlon charges -Cap. consump. allow.. NIPA 35 3 ,777 -19,618 -7 ,235 -7 .450 6 ,521 • Ravel, of fgn. dir. invest. 36 472 2.171 437 2 ,163 511 - Revel, of dir. Inv. In U.S. 37 101 -568 3 .427 211 -7 ,734 • Other revaluations 119 ,332 59,043 128 ,632 50 ,440 -79 ,059 119 ,723 198 ,782 50 ,263 • Change in net worth (I) Before Inventory valuation adjustment. Data are in #1111*#%# of liars. 38 39 October 1986 Private Financial Institutions 56 Private Financial Institutions Sector Stock-Flow Reconciliation Statement# Annual Flews Annual Flows 1944 1*47 1948 1949 1950 1951 1952 Private Financial Institutions 390 282 4 - Capital census*.allow.. NIPA 184 1.102 5 • Net Investment flow, Balance Sheet basis 2.211 1.916 488 297 706 531 610 408 260 325 352 375 1.145 1.124 2.852 1.323 1 Gross lnv..Flow of Funds basis 2 • Corporate equity Issues 3 - Mutual fund shares Issued 297 209 178 96 358 327 357 239 1.743 1 5 - Revel.of life Insurance end 6 penalon fund reserves 7 Change in liability 8 -Met clalma Issued 3.774 3,774 3.945 3.945 4.259 4.259 4.464 4.464 5.779 5.779 5.411 5.411 6.662 9 - Revel, of mutual fund shares 10 Change In value 11 -Shares Issued -249 33 282 -94 115 209 7 103 96 1,228 1.555 327 35 274 239 -160 137 297 -81 450 531 -193 9 215 10 408 11 12 - Depreciation valuation adj. 13 Depreciation charges 14 -Cap. consump. allow.* NIPA 184 184 231 231 260 260 271 271 28$ 283 325 325 -1 351 352 -1 12 374 13 375 14 15 16 17 18 • Revel, of physical assets (nonres. plant 8 equipment) Change in value Deprecletlon charges -Gross purchases, FOF besls 504 495 184 175 484 502 231 249 130 223 260 353 -13 73 271 357 220 331 283 394 313 419 325 431 56 149 351 556 207 265 374 452 19 • Change In the value of land holdings -147 191 338 -66 348 414 -73 288 361 2.506 878 1.628 358 1.347 120 845 725 166 1,609 1.443 20 • Reval. of corp.equity hldgs. 21 Change in value 22 -Net purchasea 23 • Other reveluatlona 24 s Change in net worth Data are In millions of dollars. 7 6.655 4 7,262 7.258 15 16 17 18 -221 20 1,075 21 1.296 22 -10 27 -21 -26 -36 -50 -72 23 1.751 1.319 1.207 1.334 2.447 2.202 1.923 24 October 1986 Prlvete Financial Institutions Private Financial Institutions 57 Sector Stock-Flow Reconciliation Statements Annual Flows Annual Flows 1956 Private Financial Institutions 2,,145 2,,120 2,,164 5 ,174 2 .648 5 .316 5 .979 Gross lnv..Flow of Funds basis 2 3 856 522 832 780 1 ,378 1 ,049 1 ,409 1,,070 1 r 798 1 .596 1 ,965 1 ,698 1 ,584 1 ,385 2 ,559 • Corporate equity Issues 2 ,125 - Mutual fund shares Issued 4 409 434 505 555 576 609 652 5 3 ,420 1 ,763 1 ,946 1 ,950 2 ,800 2,,506 2,,865 6 7 8 53 7 ,758 7 ,705 2,,265 10,,273 8 ,008 5 8 ,548 8 ,545 -662 8 ,504 8 ,966 2 .755 12 .121 9 .588 1 ,246 12,,122 10,,876 88 10,,634 10,,546 9 10 11 1 ,441 1 ,963 522 949 1 ,729 780 159 1 ,208 1 ,049 -1 ,402 -552 1,,070 2 ,951 4 .527 1 ,596 879 2,,577 1,,698 -175 1,,208 1 ,385 12 13 14 - 454 434 505 505 -1 552 555 - 409 409 576 576 609 609 652 652 685 685 Depreciation valuation adj. Depreciation charges -Cap. consume, allow., NIPA 15 16 17 18 IS 257 409 655 359 672 434 747 479 728 503 752 142 453 552 863 61 351 576 866 113 527 609 1,023 280 435 652 807 115 458 685 1.028 • Revel, of physical assets Cnonres. plant & equipment) Change In value Depreciation charges -Gross purchases. FOF basis 19 124 151 205 210 218 217 216 271 20 21 22 5,,052 4,,787 1.,755 4.774 6.416 1.642 504 1,802 1.498 -2.610 -416 2.194 8.226 10.851 2.605 2.926 6.275 5.547 189 5.605 5.416 25 -89 -111 -152 -165 -178 -68 -179 5.569 5.458 1 24 3 • 495 5 ,026 5.722 2.656 . 1.594 5.465 685 - Capital conswap.allow.. NIPA 5 ,728 « Net Investment flow. Balance Sheet basis - Revel.of life Insurance and pension fund reserves 4 ,201 Change In liability 15,,275 -Net claims Issued 11 ,074 5 ,724 - Revel, of mutual fund shares Change In value 5 ,849 -Shares Issued 2,,125 - 15 16 17 18 • Change In the value of land holdings 10, 742 • Revel, of corp.equity Change In value 15, 146 -Net purchases 4, 404 20 21 22 124 • Other revaluations 23 7,,055 * Change In net worth 24 October 1986 Private Financial Institutions ^8 Private Financial Institutions Sector Stock-Flow Reconciliation Statements Annual Flows Annual Flows 1965 Private Financial Institutions 1 Gross Inv..Flow of Funds basis • 2 3 - 4 * Corporate equity Issues Mutual fund shares Issued Capital consump.allow.. NIPA 4 ,284 2 .464 3 ,929 3,337 3 ,062 5 ,617 6 ,949 1 ,758 1 1 .901 1 .661 1 .739 1.400 2 ,178 2 ,006 3,247 3,220 3 ,710 3 ,654 2 ,615 2 ,555 5 ,442 4 ,816 7 ,071 5 ,755 2 5 726 794 867 980 1 ,109 1 ,275 1 ,497 1 ,644 4 5 Net Investment flow. Balance Sheet basis 3 .798 2 ,009 3 ,234 2,384 2 ,029 2 ,424 6 ,078 1 ,450 5 6 7 8 Reval.of life Insurance and pension fund reserves Change In liability -Net claims Issued -3 .266 8 .288 11 .554 3 ,906 16 ,500 12 ,594 4 ,050 18 ,820 14 ,770 4,075 19,544 15,471 -4 ,955 12 ,859 17 ,812 8 ,518 25 ,565 17 ,245 6 ,569 25 ,002 18 ,455 -5 ,956 15 ,966 19 ,922 6 7 8 9 10 11 Reval. of mutual fund shares Change in value -Shares Issued -3 ,265 -1 • 604 1 .661 2 ,543 3 ,943 1 ,400 1 ,896 3 ,902 2,,006 2,884 6,104 3,220 -4 ,025 -391 5,,654 6 ,945 9 ,478 2 ,535 2 ,109 6 ,925 4 ,816 12 13 14 Depreciation valuation adj. Depreciation charges -Cap. consump. allow., NIPA -1 725 726 -1 793 794 -1 866 867 -1 979 980 -1 1.,108 1. 109 1,,275 1,,275 1,,497 1,,497 12 1,,644 15 1,,644 14 Reval. of physical assets Cnonres. plant 8 equipment) Change in value Depreciation charges -Gross purchases, FOF basis 576 833 725 982 164 717 793 1,346 664 1,228 866 1.430 719 1,617 979 1,877 588 1, 728 1. 108 2. 248 452 1,,747 1,273 2,568 -680 2.818 1.497 4. 995 -781 2,587 1,644 5.,012 • 15 16 17 18 Change in the value of land holdings 20 21 22 • Revel, of corp.equity hldgs. Change In value -Net purchases 23 • 5 • 19 24 - Change In net worth Data are In millions of dollars. - - -9 ,580 9 -3 ,645 10 5,,755 11 15 16 17 18 221 182 262 252 175 -59 121 220 19 -7, 696 -3,468 4,228 8,839 12, 728 3.889 8, 907 12. 904 3.997 9,201 15,227 6,026 -10,119 -4,575 5, 744 18.865 27.897 9,054 12,014 22,845 10,829 -16,521 20 -4, 110 21 12,211 22 -119 559 593 -288 529 555 120 -1,420 25 3,512 4,187 6,529 5,292 1,321 6,794 8,735 -1.516 24 October 1986 Private Financial Institutions Privste Financial Institutions Sector Stock-Flow Reconciliation Statements Annual Flows Annual Flows 1970 1971 1972 1973 1974 1975 1976 1977 Private Financial Institutions 13 .461 Gross inv..Flow of Funds basis 1 -57 7 .367 4 .811 9 .629 5 .002 -4 .134 10 .513 2 3 4 ,533 2 ,551 3 137 915 3 .224 -61 2 ,769 61 1 .701 722 725 -92 236 -1 .977 3 .466 968 4 1 ,799 2 .031 2 .267 2 ,571 3 .219 3 ,908 4 .548 5 .324 5 126 7 558 5 .829 9 ,766 2 .762 -7 ,225 8,,178 10 ,635 1 - Corporate equity Issues Mutual fund shares issued 2 3 - Capital consume.allow.. NIPA 4 • ,Net investment flow. Balance Sheet basis - Revol.of lift insurance end -16 ,298 pension fund reserves Change in liability 55 ,083 -Net claims Issued 71 ,381 5 6 7 8 4 7 8 2 •275 23 699 21. 424 15.,314 39,,848 24,,534 6 .971 51 ,673 44 .702 -25,,459 11,,306 36 ,765 -28 ,652 11 ,212 39 ,864 32,,523 99 ,220 66,,697 18 ,484 68,,982 50 ,498 9 10 11 -3,,327 -776 2 551 7,,720 8.635 915 3 .541 3 .480 -61 -12 ,352 -12,,291 61 -12 ,206 -11 ,484 722 7,,975 7,,883 -92 5 ,453 3,,476 -1,,977 -1 ,987 -1 ,019 968 - Revel, of mutual fund shares 9 10 Change in value -Shares Issued 11 12 13 14 -1 1 ,798 1 ,799 -1 2",,030 2i,031 -1 2,570 2,,571 3 ,219 3 ,219 -1 3,,907 3,,908 -1 4,,547 4,,548 -1 5 ,323 5 ,324 - 2 .267 2 .267 Depreciation valuation adj. 12 Depreciation charges 13 -Cap. consump. allow., NIPA 14 • 15 16 17 18 559 2 757 1 ,798 5 ,094 -19 3,,441 2,,030 5,,490 -1 ,152 3 ,139 2 ,267 61.558 -46 5,,101 2,,570 7,,717 4,,399 9 ,172 3.219 7,,992 1,,497 5,,190 3, 907 7, 600 3,,057 6,,268 4, 547 7, 758 4,,193 7,,692 5,,323 8,822 Revel, of physical assets Cnonres. plant 8 equipment) Change in velue Depreciation charges '-Gross purchases. FOF basis 15 16 17 18 • 19 133 183 188 251 508 325 146 263 Change in the value of land holdings 19 25.981 45 ,209 19,,228 20 ,620 41 ,839 211,219 -44,534 -32,590 11, 944 -51,,890 -46,565 5,,325 44, 357 57, 907 IS,550 28, 066 38,802 10, 736 -19,,131 -7, 993 11, 138 • Revel, of corp.equity hldgs. 20 Change in value 21 -Net purchases 22 20 21 22 -1 ,978 9 ,330 11 ,308 23 -52 428 -5 .399 -294 384 -2,958 2, 133 24 -1 ,257 11,,098 9,.574 2, 955 —3,,747 -5.,151 17, 644 Data are In mi: 829 • Other reveluations 15,,075 - Change in net worth 23 24 October 1984 Privets Financial Institutions 5q Private Financial Institutions Sector Stock-Flow Reconciliation Statements Annual Flows Annual Flows 1978 1979 1980 1981 1982 1983 1984 1985 Private Financial Institutions 24 .404 29 ,727 29 ,514 11 .520 3,841 19 .453 4,578 4 .445 1 - Corporate equity Issues Mutual fund shares Issued 2 .320 -72 3 ,104 382 4 .277 4 ,484 7 .848 5 .954 20,754 14,779 34 .788 32 .093 44,492 37,954 115 ,095 103 ,373 2 3 - Capital census*.allow., HIPA 4 .391 7 ,423 8 ,871 10 .485 12,025 12 .900 14,400 14 .025 4 20 ,407 24 ,824 22 ,434 2 ,927 -4,189 9 ,248 -3,084 2 .342 5 7 ,444 88 ,497 81 ,233 18 ,444 114,,411 97 ,945 57 ,452 147 ,399 109 ,747 -32 ,909 73 ,025 105 ,934 44,545 159,917 115,352 43 ,447 199 ,404 135 ,959 -10,230 105,914 114,144 124 .334 249 ,293 124 ,957 4 7 8 of mutual fund shares Change In value -Shares Issued 431 559 -72 5 ,357 5. 739 382 7 ,472 11 ,954 4 ,484 -5 ,484 272 5 ,954 9,213 25,992 14.779 8 ,044 40 ,139 32,,093 -5,444 32,310 37,954 17 ,154 o 120 ,529 10 103,,373 11 Depreciation valuation adj. Depreciation charges -Cap. consump. allow., NIPA 6 .391 4,,391 7. 423 7,423 8,871 8,871 10.,485 10,,485 -7 12.018 12.025 32 12, 932 12. 900 -14 14.384 14.400 -34 12 15,,991 13 14,,025 14 Revel, of physlcsl sssets (nonres. plent 6 equipment) Change in velue Depreciation cherges -Gross purcheses. FOF bssls 7,472 12.541 6. 391 11.440 3,724 9, 733 * 7,423 13,432 8, 183 12. 974 8.871 13,444 7.879 13. 391 10.485 15, 997 3.587 8.772 12.018 ' 17.203 849 7,047 12. 932 19, 130 4.892 12,034 14.384 21.528 7. 493 12. 393 15. 991 20. 491 1 G 2 3 4 5 • ,Net Investment flow. Balance Sheet basis - 6 7 8 9 10 11 12 13 14 . Revel, - • 15 16 17 18 23 . 15 14 17 18 • Change In the value of land holdings 733 53 743 845 357 488 742 233 19 • Revel, of corp.equity hldgs. Chenge in velue -Net purcheses 12.412 18. 187 5.575 28,057 45,397 17,340 71,970 94, 193 22.223 -40,514 -20.445 19.871 54.918 84,558 27.440 85.545 132.309 44. 744 -11.142 -2.905 8,237 143.525 20 194.481 21 31. 154 22 Other revaluations -2.475 444 349 -2.049 2.454 313 34.244 4.804 23 30.854 32. 173 37.879 7.479 5.558 24. 738 41.544 39. 159 24 19 20 21 22 Reval.of life insurance and pension fund reserves Change In liability -Net claims Issued • 2* » Change In net worth Data are In millions Of dollars.
@FedFRASER