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C.9 October 1987 Balance Sheets Flow of Funds Balance Sheets For the U.S. Economy 1947-86 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: i i % 31-35 All Sectors 36-40 Sector Flow Summaries 41-45 Households 46-50 Farm and Nonfarm Noncorporate Business 51-55 Nonfinancial Corporate Business 56-60 Private Financial Institutions Federal Reserve Statistical Release C.9 Balance Sheets for the U.S. Economy 1947-86 The attached tables are 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 current cost net of straight-line depreciation, while land holdings are stated at current market values. These valuations carry through the balance sheets to affect the measures of net worth, which are calculated as total tangible and financial assets less total liabilities, and are thus based on current values. These tables were last published in May 1987. This issue includes revisions in the capital stock data from 1984 onwards that were made by BEA as part of the regular three-year revision in the National Income and Product Accounts. There are also a number of revisions in the financial data, including in particular the introduction of new series for asset holdings of mutual fund and money market fund shares by sectors other than households. Details on these and other revisions in the accounts are described in the introduction to the Flow of Funds Accounts (Z.l) for the second quarter of 1987; some of the financial data shown in these tables differ from the figures published recently in the Flow of Funds Accounts, Financial Assets and Liabilities, Year-End 1963-86 because of revisions and corrections. Information on obtaining these publications can be found below. In addition, in response to requests from many users, this issue presents total real estate holdings as a memorandum item at the bottom of each sectoral table. For nonfinancial corporations the balance sheet statement includes an alternative measure of tangible assets at historical cost— the amount actually paid to acquire tangibles whenever purchased—and the alternative measure of net worth that results from this valuation. The historical-cost estimates for reproducibles come from the same BEA calculation that produces current cost estimates and are thus consistent for comparison of alternative pricing methods. The BEA calculation is a perpetual-inventory procedure that consists of accumulating purchases over a long period of years and deducting depreciation and retirements according to various schedules. It is entirely independent, statistically of published business balance sheet measures of fixed assets, even for historical-cost measures. 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 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 may occur when the scope or method of measurement is changed. These adjustments appear in the individual sector stock-flow reconciliation statements included here. Subscription information. Effective in 1987, the Federal Reserve Board began charging nominal amounts for subscriptions to all public releases to defray postage costs. The annual cost of the Z.7 release, Flow of Funds Summary Statistics, presently is set at $2.00; the price of the full Z.l release, Flow of Funds Accounts, has been [fixed at $7.00. The cost of the C.9 release, Balance Sheets for the U.S. Economy, which appears twice a year, usually in April and October, is $2.00 per year. Subscription inquiries for these releases should be directed to Publications Services, Stop 138, at the Federal Reserve street address given below. Quarterly or annual data for specific sectors of the accounts, in reasonable scope, are available in printed form from the Flow of Funds Section on request. Computer tapes for the entire quarterly data base in the accounts may be purchased from the National Technical Information Service, 5285 Port Royal Road, Springfield, Virginia 22161. Tape prices are determined by NTIS. Requests and inquiries about the data and historical tabulations of the data should be addressed to: Flow of Funds Section Room B-5100, Stop 95 Board of Governors of the Federal Reserve System 20th and Constitution Avenue NW Washington, D.C. 20551 (202) 452-3482 October 1987 National Net Worth National Net Worth Consolidated Domestic Net Assets with Tangibles at Current Cost Year-End Outstandings 1947 1 Year-End Outstandings 1948 1949 1950 1951 1952 1953 1954 1 644,, 642 712,,585 746,,447 838,,622 937,,946 999,,021 1945,,476 2 3 4 5 6 507,>348 190 • 528 171,,237 79,,877 65,,706 564,,396 210,,672 192,,256 85,,122 76,,346 590,,573 223,,263 203 ,761 77 ,084 86 ,465 675,,833 249,,242 226,,903 96,,135 103,,553 753,,049 273,,009 251,,838 108,,823 119,,379 797,,219 288,,153 267,,074 108,,003 133,,989 833 ,530 300,,579 280 ,890 109 ,088 142 ,973 864,,745 317,,852 293 ,079 106 ,734 147 ,080 Reproducible assets (1) Residential structures Nonres. plant 8 equip. Inventories Consumer durables 7 137,,294 148 ,189 155 ,874 162,,789 184 ,897 201,,802 1111 ,946 222 ,282 Land at market values 8 9 22 ,868 12 ,695 24 ,399 14 ,838 24 ,563 15 ,944 22 ,820 16 ,949 22 ,872 16 ,755 23 ,252 17 ,374 22 ,091 18 ,655 977,573 1039.647 786,954 1087,,027 Tangible assets 21 ,793 U.S. gold and SDRs 18 ,834 Net claims on foreign (2)(3) 1127,654 Total consolidated domestic net assets (2)(3) 11 680, 205 751, 822 786, 954 878, 391 977, 573 1039, 647 1986. 222 Domestic net worth by sectors 1127, 654 Total, all sectors 12 13 14 15 16 17 888, 365 429, 150 778, 806 238, 877 99, 837 10,,942 951, 808 458, 302 820, 655 251,,161 98,,621 12,,571 990, 253 474, 136 857, 716 262, 837 106, 375 14, 368 1073, 909 516, 577 940, 704 276, 297 130, 319 17,,511 1173, 181 561,• 22 6 1036, 365 301, 960 152, 812 20, 367 1242, 535 605, 312 1102,,651 306,,657 166,,498 24,,184 2196. 087 633. 704 1968, 946 1148, 436 158, 268 28, 538 1346, 477 663,,394 1238,,358 312,,759 228,,910 33,,295 18 19 20 149,,568 96,,031 183,,338 158,,073 100 ,095 202 ,512 169,,248 100,,633 212,,785 177,,876 105,,829 235,,933 188,,374 122,,135 259,,998 185,,783 129,,972 275,,610 189,,905 1030,,678 290,,740 193,,819 127 ,892 305,,316 21 22 23 24 30 ,278 24 ,607 10 ,942 5 ,271 32 ,826 25 ,814 12 ,571 5 ,559 33,,451 27,,148 14 ,368 8 ,065 37,,694 29,,595 17 ,511 9 ,412 41,,448 31,,338 20,,367 10,,257 45 ,858 33 ,540 24 ,184 11 ,866 51,,060 35,,463 28,,538 12,,941 56 ,056 40 ,489 33 ,295 17 ,728 25 26 27 28 29 -210 ,830 - 3 ,647 -207 ,427 244 -203 ,226 - 4 ,695 -198 ,783 252 -208 ,550 - 6 ,459 - 2 0 2 ,356 265 -203 ,277 - 8 ,450 -195 ,118 291 -199 ,097 - 9 ,750 -189 ,659 312 -206 ,125 -11 ,935 -194 ,533 343 -214 ,565 -13 ,961 -200 ,964 360 -223 ,928 - 1 7 ,865 -206 ,437 374 30 2 ,670 - " 3 ,240 - 5 ,251 - 7 ,759 - 3 ,489 - 3 ,237 - 4 ,700 - Private total, consolidated Households Sector basis -Equity in noncorp. bus. -Corp. equities held (4)(5) -Pension fund reserves Nonfarm noncorp. business Farm business Nonfinancial corps. (2) 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Private financial insts. (2) 21 Sector basis •Pension fund reserves 23 -Corp. equities held C 4 H 5 ) 24 Public sectors: financial assets less liabilities State and local governments U.S. government Sponsored credit agencies Monetary authority 5 ,105 Unallocated financial assets (1) At current 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. (5) Excludes mutual fund shares. Data are In millions of dollars. 1 2 3 4 5 6 25 26 27 28 29 30 October 1987 National Net Worth National Net Worth Consolidated Domestic Net Assets with Tangibles at Current Cost Year-End Outstandings Year-End Outstandings 1171,,219 1276,,395 1345 ,225 1399,,472 1469,,391 1532,,604 1579,,675 1641, 684 1 2 3 4 5 6 Reproducible assets (1) Residential structures Nonres. plant & equip. Inventories Consumer durables 933,,685 342,,427 319,,968 113,,975 157,,315 1012,,198 361,,660 355,,916 122,,745 171,,877 1058 ,638 375 ,455 380 ,667 126 ,341 176 ,175 1091,,827 390,,946 392,,660 126,,259 181,,962 1139,,426 409,,688 409,,015 131,,714 189,,009 1175,,508 425 ,962 420,,382 135,,508 193,,656 1207,,779 441,,560 432 ,260 137,,164 196,,795 1254,,747 459,,106 449,,563 143,,761 202,,317 2 3 4 5 6 7 Land at market values 237,,534 264,,197 286 ,587 307,,645 329,,965 357,,096 371,,896 386,,937 7 21 ,753 19,,532 22,,058 22,,993 22',857 26 ,992 20,,582 29,,444 19 ,507 29,,583 17,,804 32,,213 16,,947 36,,146 16,,057 38,,986 8 9 1 Tangible assets 8 U.S. gold and SDRs 9 Net claims on foreign ( 2 X 3 ) 10 Total consolidated domestic net assets (2)(3) Domestic net worth by sector: 11 Total, all sectors 12 13 14 15 16 17 Private total, consolidated Households Sector basis -Equity in noncorp. bus. -Corp. equities held (4)(5) -Pension fund reserves 18 19 20 Nonfarm noncorp. business Farm business Nonfinanclal corps. (2) 21 Private financial insts. (2) Sector basis •Pension fund reserves -Corp. equities held ( 4 H 5 ) 23 24 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 1696,727 10 1212,,504 1321 ,446 1395,,074 1449 ,498 1518,,481 1582,,621 1632,,768 1696,,727 11 1428,,468 704,,025 1345,,309 322,,331 278,,455 40,,498 1537 ,250 755 ,087 1435 ,548 338 ,741 296 ,041 45,,679 1613,,505 784,,363 1447,,089 352,,726 258 ,668 51,,332 1684 ,720 822 ,753 1609 ,292 366 ,033 360 ,070 60 ,436 1760 ,042 860 ,812 1692 ,935 376 ,704 386 ,173 69 ,246 1826,,738 900 ,838 1743 ,825 387 ,828 378 ,431 76,,728 1885,,371 936 ,860 1897,,269 393 ,832 477 ,928 88,,649 1958,,957 972,,270 1888,,054 405,,962 416,,183 93,,639 202,,255 129,,114 332,,509 214 ,221 133 ,893 367 ,469 220,,653 142,,014 392 ,232 227 ,440 149 ,025 407 ,523 232 ,862 154 ,669 427,,814 237 ,998 161,,108 435 ,574 243 ,685 161 ,448 448,,328 60 ,565 44 ,211 40,,498 24,,144 66 ,580 46 ,847 45 ,679 25 ,946 74 ,243 48 ,441 51 ,332 25 ,530 77 ,979 53 ,904 60 ,436 36 ,361 83,,885 57 ,273 69 ,246 42 ,634 91,,220 60 ,731 76 ,728 46,,239 95 ,050 67 ,786 88 ,649 61,,385 106 ,842 71 ,098 93 ,639 57,,895 21 22 23 24 -224 ,500 - 2 2 ,108 -202 ,784 392 -223 ,566 -25 ,471 -198 ,500 405 -226 ,398 -29 ,799 -197 ,042 443 -242 ,308 - 3 4 ,596 -208 ,190 478 -249 ,018 - 3 8 ,255 -211 ,271 508 -250 ,512 -41 ,478 -209 ,573 539 -260,,240 - 4 5 ,546 -215,,279 585 -268 ,412 - 4 8 ,838 -220,,214 640 25 26 27 28 29 - 8 ,536 ~ 7 ,762 CI) At current 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. (5) Excludes mutual fund shares. Data are in millions of dollars. - 7 ,967 - 7 ,086 - 7 ,457 - 6 ,395 - 7 ,637 12 13 14 15 16 17 250 ,698 18 166,,950 19 462,,197 20 - 6,,182 30 October 1987 'National Net Worth National Net North Consolidated Domestic Net Assets with Tangibles at Current Cost Year-End Outstandings 3 Year-End Outstandings 1 1702.,333 1796,,686 1908, 475 2085, 539 2217, 653 2428,,727 2646,,352 2821,'435 Tangible assets 2 3 4 5 6 1302,,401 471,,540 468,,552 149,,508 212,,801 1376,,073 502,,050 494,,943 155,,367 223 ,713 1466,,972 526,,165 535,,711 169,,035 236,,061 1602,,086 567,,478 590,,951 185,,170 258,,487 1717. 644 596, 380 640, 677 197,,377 283,,210 1903,,027 667,,831 709,,247 211,,732 314 ,217 2092,,814 731,,905 784,,783 232 ,396 343 ,730 2250,,089 772,,214 865,,131 240,,310 372,,434 7 399,,932 420 ,613 441 ,503 483 ,453 500,,009 525 ,700 553 ,538 571,,346 8 9 15 ,596 42 ,155 15 ,471 49 ,468 13 ,806 55 ,665 13 ,235 59 ,820 12 ,065 63 ,372 10 ,892 67 ,237 11 ,859 66 ,921 Reproducible assets (1) Residential structures Nonres. plant & equip. Inventories Consumer durables Land at market values 11 ,923 U.S. gold and SDRs 68 ,430 Net claims on foreign ( 2 H 3 ) 2901,788 Total consolidated domestic net assets C2)(3) 11 1760, 084 1861,,625 1977, 946 2158, 594 2293, 090 2506,,856 2725, 132 Domestic net worth by sector: 2901,,788 Total, all sectors 12 13 14 15 16 17 2025,,258 1012,,046 2021,,181 414,,400 488,,694 106,,041 2132,,967 1073,,321 2158,,810 428 ,978 535,,690 120,,821 2250, 502 1135,,793 2320,,429 448 ,373 600,,493 135,,770 2431,,080 1232,,849 2394,,853 476,,934 540,,920 144,,150 2584,,625 1332,,629 2667,,045 493,,077 676,,319 165,,020 2809,,268 1472,,212 2989,,678 525,,101 806 ,938 185 ,427 3020, 166 1582,,376 3030, 387 554,,277 699,,111 194,,623 3210,,432 1692,,792 3160,,279 571,,544 682,,652 213,,291 18 19 20 256 ,965 169 ,285 476 ,264 266 ,673 174 ,522 499 ,261 276 ,019 185 ,327 529 ,143 296 ,010 194 ,542 569 ,363 303,,378 203 ,977 606 ,508 323 ,936 216 ,306 652 ,328 342,,041 228 ,211 710,,956 354,486 233,,396 764,,796 Nonfarm noncorp. business Farm business Nonfinancial corps. (2) 21 22 23 24 110 ,698 75 ,285 106 ,041 70 ,628 119 ,190 81 ,814 120 ,821 83 ,445 124 ,220 87 ,106 135 ,770 98 ,656 138 ,316 88 ,427 144 ,150 94 ,261 138 ,133 95 ,221 165 ,020 122 ,108 144 ,486 103 ,956 185 ,427 144 ,897 156 ,582 102 ,440 194 ,623 140 ,481 164 ,962 101 ,183 213 ,291 149 ,512 Private financial insts. (2) Sector basis •Pension fund reserves -Corp. equities held (4)(5) 25 26 27 28 29 -272,040 -50,857 -221,882 699 -278,952 -53,899 -225,801 748 -282,574 -56,804 -226,573 803 -287,195 -59,267 -228,777 849 -305,483 -64,070 -242,304 891 -320,006 -69,184 -251,728 906 -323,782 -79,181 -245,542 941 -340,249 -83,855 -257,352 958 17,594 28,748 Private total, consolidated Households Sector basis -Equity in noncorp. bus. -Corp. equities held (4)(5) -Pension fund reserves Public sectors: financial assets less liabilities State and local governments U.S. government Sponsored credit agencies Monetary authority 31,605 Unallocated financial assets (1) At current 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. (5) Excludes mutual fund shares. Data are in millions of dollars. 1 2 3 4 5 6 7 8 9 10 12 13 14 15 16 17 18 19 20 25 26 27 28 29 30 October 1987 National Net Worth National Net Worth Consolidated Domestic Net Assets with Tangibles at Current Cost Yeai—End Outstandings Year-End Outstandings 1973 1 Tangible assets 2 3 4 5 6 Reproducible assets (1) Residential structures Nonres. plant 8 equip. Inventories Consumer durables 7 Land at market values 8 U.S. gold and SDRs 9 Net claims on foreign 10 (2)(3) 3367, 726 3847,,252 4539, 637 4929,,639 5478,,430 6262,,240 7305, 223 1 2462,.515 860 459 950,,521 257,,804 393,,731 2707, 998 964, 656 1033,.065 285,,593 424,,684 3090,,676 1109,,890 1157,,661 352,,625 470,,500 3652,.281 1262- 175 1422,,612 423,,315 544,,179 3959,• 006 1363 .500 1570,,979 428 ,828 595,,699 4358 • 239 15321709,,871 463,,282 652,,753 4912, 132 1785,. 154 1895 ,798 505,,683 725,,497 5703, 492 2095, 090 2199, 699 588, 241 820, 462 2 3 4 5 6 659,,728 756 ,576 887,,356 970,,633 1120,,191 1350 ,108 1601, 731 7 13 ,818 58 ,371 14,,026 59,,129 13 ,934 8 7 ,376 13 ,993 106 ,928 14 ,348 8 9 ,289 13, 229 95, 059 8 9 600 , 185 11 ,306 58 ,392 Private total, consolidated Households Sector basis - E q u i t y in noncorp. bus. - C o r p . equities held (4)C5) - P e n s i o n fund reserves 3132, 398 5030,,949 5599, 351 6365, 8 7 7 7413,,511 11 5499,,437 2770,,507 4725,,986 954,,705 598,,611 402,,163 6116, 655 3091,,600 5324,,790 1061,,551 710,,600 461,,039 6923,,820 3491,,061 5896,,158 1231,,383 666,,262 507,,452 7989,,043 3997,,481 6702,,913 1441,,582 662,,113 601,,737 573 ,943 409,,422 1443 ,052 639,,532 453,,784 1589,,048 742,,029 526 ,187 1752,,429 894 ,043 18 588,,752 19 2005,,871 20 ,513 ,911 ,163 ,561 342,,691 133 ,556 461 ,039 251 ,904 4270, 960 2248, 184 3966, 703 752,,475 663,,561 302,,483 409,,767 266,,066 909,,244 462,,594 311,,700 1025,,538 533,,276 370,,669 1295,,155 ,711 ,855 ,948 ,092 222,,944 124,,810 302 ,483 204 ,349 - 3 7 3 ,334 - 9 3 ,906 - 2 8 0 ,481 1 ,053 - 3 9 0 ,770 - 9 3 ,772 - 2 9 8 ,197 1 ,199 - 3 9 4 ,452 - 9 0 ,610 - 3 0 5 ,302 1 ,460 - 4 1 1 ,356 - 9 5 ,845 - 3 1 7 ,439 1 ,928 - 4 9 3 ,517 - 1 0 3 ,341 - 3 9 2 ,375 2 ,199 - 5 4 9 ,934 - 1 0 1 ,787 - 4 5 0 ,677 2 ,530 - 5 8 9 ,674 - 8 5 ,973 - 5 0 6 ,586 2 ,885 37 ,781 37 ,345 42 ,933 16 ,488 25 ,029 32 ,630 31 ,731 Private financial insts. (2) Sector basis •Pension fund reserves - C o r p . equities held (4 ) (5) 164 112 247 194 ,836 ,282 ,524 ,970 182 121 297 237 C1) At current 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. (5) Excludes mutual fund shares. 4612, 792 3787,,385 2019,,597 3836,,739 657,,208 861,,986 297,,948 21 22 23 24 Data are in millions of dollars. 3919, 441 3467, 951 1848,,301 3476,,660 602,,875 777,,960 247,,524 377,,437 242,,406 8 3 4 ,971 30 Unallocated financial assets 3433, 960 5007,,660 2538,,035 4182,,986 877,,998 459,,864 307,,089 Nonfarm noncorp. business Farm business Nonfinancial corps. (2) Public sectors: financial assets less liabilities State and local governments U.S. government Sponsored credit agencies Monetary authority 7413,511 10 4612,792 18 19 20 25 26 27 28 29 12 ,445 53 ,789 Total consolidated domestic net assets (2)(3) Domestic net worth by sector: 11 Total, all sectors 12 13 14 15 16 17 3062,,700 270 121 307 157 ,525 ,062 ,089 ,626 302 115 402 215 412 148 507 243 ,114 ,631 ,452 ,969 502 179 601 278 12 13 14 15 16 17 ,896 21 ,485 ,737 23 ,326 24 - 6 2 6 ,284 - 8 3 ,623 - 5 4 6 ,066 3 ,405 25 26 27 28 29 50 ,752 30 October 1987 ' National Net Worth National Net Worth 5 Consolidated Domestic Net Assets with Tangibles at Current Cost Year-End Outstandings Year-End Outstandings 1 8385, 725 9496,819 10604, 044 10722, 400 11406, 341 12088,474 12561, 078 13298, 120 10058, 969 3747,865 3922, 258 863, 378 1525, 468 Reproducible assets (1) Residential structures Nonres. plant & equip. Inventories Consumer durables 2 3 4 5 6 6466, 637 2407. 398 2459. 108 674.837 925. 294 7243, 113 2676, 405 2807,427 739, 312 1019, 969 7989, 092 2928, 454 3175, 130 789, 034 1096. 474 8155, 311 2893, 937 3348, 274 771, 411 1141, 689 8557, 262 3112, 749 3450,406 787, 225 1206,882 9082, 676 3308, 357 3630, 176 858, 166 1285, 977 9504, 710 3487, 097 3766, 739 863, 416 1387, 458 7 1919. 088 2253, 706 2614. 952 2567, 089 2849, 079 3005, 798 3056, 368 3239, 151 8 9 13,896 117, 781 13, 770 138, 284 15, 246 173, 611 16, 398 181, 683 16, 146 138, 373 16, 737 58, 413 18, 383 -37, 645 19, 459 -146, 704 10 8517, 402 9648,873 10792, 901 10920, 481 11560, 860 12163, 624 12541, 816 13170, 875 11 8517,,402 9648,,873 10792,,901 10920,,481 11560,,860 12163,,624 12541,,816 Domestic net worth by sector: 13170,,875 Total, all sectors 12 13 14 15 16 17 9127 ,409 4489 ,914 7716 ,044 1714 ,114 812 ,620 699 ,396 10353 ,500 4959 ,540 8934 ,162 2023 ,141 1111 ,839 839 ,642 11547 ,157 5476 ,621 9744 ,628 2307 ,870 1049 ,401 910 ,736 11853,,814 5581 ,366 10160 ,842 2331 ,783 1175 ,022 1072 ,671 12698 ,430 6198 ,843 11167 ,163 2377 ,638 1324 ,546 1266 ,136 13519,,703 6726 ,410 11866 ,478 2436 ,750 1320 ,628 1382 ,690 14117,,449 7188 ,112 12920 ,000 2402 ,235 1687 ,023 1642 ,630 14964,,604 7898 ,327 14013 ,524 2384 ,705 1844 ,769 1885 ,723 18 19 20 1078 ,466 683 ,492 2283 ,079 1285 ,159 793 ,529 2624 ,598 1508 ,444 859 ,598 2928 ,735 1538 ,964 852 ,494 3020 ,588 1625 ,254 809 ,015 3120 ,384 1693 ,368 799 ,335 3208 ,704 1758 ,608 692 ,072 3239 ,104 1815 ,639 611 ,899 3270 ,092 Nonfarm noncorp. business Farm business Nonfinancial corps. (2) 18 19 20 21 22 23 24 592 .458 211 ,658 699 ,396 318 ,596 690 ,674 246 ,890 839 ,642 395 ,858 773 ,759 254 ,084 910 ,736 391 ,061 860 ,402 257 ,375 1072 ,671 469 ,644 944 ,934 279 ,748 1266 ,136 600 ,950 1091 ,886 315 ,540 1382 ,690 606 ,344 1239 ,553 370 ,023 1642 ,630 773 ,100 1368 .647 418 .719 1885 .723 935 .795 Private financial insts. (2) Sector basis •Pension fund reserves -Corp. equities held (4)(5) 21 22 23 24 25 26 27 28 29 -656 .474 -88 .707 -571 .728 3 .961 -730 ,952 - 9 7 ,266 -637 ,984 4 ,298 -808 ,231 - 9 7 ,509 -715 ,518 4 ,796 -962 ,929 -99 ,792 -869 ,240 6 ,103 -1150 ,661 - 9 7 ,004 -1060 ,627 6 ,970 -1320 ,584 -78 ,923 -1249 ,498 7 ,837 -1514 ,792 -59 ,520 -1461 ,666 6 ,394 -1730 .313 -48 .426 -1689 ,848 7 .961 30 46 ,467 26 ,325 53 ,975 29 ,596 13 ,091 -35 ,495 -60 ,841 Land at market values Total consolidated Private total, consolidated Households Sector basis -Equity in noncorp. bus. -Corp. equities held (4)(5) -Pension fund reserves Public sectors: financial assets less liabilities State and local governments U.S. government Sponsored credit agencies Monetary authority — 63.416 63 .416 Unallocated financial assets (1) At current 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. (5) Excludes mutual fund shares. Data are In millions of dollars. 11 12 15 14 15 16 17 25 26 27 28 29 October 1987 Tangible Asset Holdings Tangible Asset Holdings Distribution of Tangible Assets by Sector Year-End Outstandings Year-End Outstandings 1087, 027 422, 088 134, 063 189, 980 335,,722 5,,174 1 2 3 4 5 6 1 Total holdings of tangibles 2 HouseholdsSnonprofit insts. 3 Farm business 4 Nonfarm noncorp. business 5 Nonfarm nonfinan. corps. 6 Financial corporations 644, 642 201,865 95, 959 142, 366 201, 393 3, 059 712, 585 232, 703 100, 930 151, 644 223, 993 3, 315 746, 447 248, 373 102, 478 162, 527 229, 668 3, 401 838, 622 294, 958 108, 982 171 ,819 259, 078 3, 785 937, 946 335, 031 126, 752 182, 539 289, 354 4, 270 999, 021 373, 694 135, 537 179- 962 305, 376 4, 452 1945, 476 397, 837 1035, 949 184, 512 322, 385 4,,793 7 Plant and equipment (1) 8 Nonprofit institutions 9 Farm business 10 Nonfarm noncorp. business 11 Nonfarm nonfin. corporations 12 Financial corporations 171, 237 8, 446 11, 918 24, 474 123, 675 2,,724 192, 256 9,,159 14,,536 27,,423 138,,191 2,,947 203, 761 9,,604 16,,462 28,,483 146,,192 3,,020 226, 903 11, 077 19, 007 31,,970 161, 498 3,,351 251,,838 12,,775 21,,440 35,,197 178,,656 3,,770 267,,074 15,,790 22,,750 34,,122 190,,493 3,,919 280,,890 16,,502 23,,365 35,,264 201,,575 4,,184 293,,079 7 17,,577 8 23,,670 9 36,,426 10 210,,965 11 4 ,441 12 13 Residential structures (1) 14 Households: owner-occupants 15 Nonprofit institutions 16 Farm business 17 Nonfarm noncorp. business 18 Nonfarm nonfin. corporations 190,,528 101,,844 5,, 186 15,• 191 64,,375 3,,932 210,,672 117,,907 5 ,461 16 ,266 66 ,819 4 ,219 223,,263 ,297 5 ,266 16 ,841 74 ,474 4 ,385 249,,242 145,,322 5,,683 17,,937 75 ,575 4 ,725 273 ,009 163 ,819 5 ,934 18 ,854 79 ,421 4 ,981 288,,153 182,,250 5 ,077 19,,121 76 ,636 5 ,069 300,,579 194 ,135 5 ,099 19 ,151 77 ,081 5 ,113 317,,852 209 ,632 5 ,193 19 ,342 78 ,479 5 ,206 13 14 15 16 17 18 108 ,003 23 ,307 13 ,882 70 ,814 109 ,088 ,000 14 ,378 72 ,710 106 ,734 21 ,200 14 ,276 71 ,258 19 20 21 22 19 Inventories (2) 20 Farm business 21 Nonfarm noncorp. business 22 Corporations 79 ,877 21 ,038 10 ,362 48 ,477 85 ,122 19 ,304 11 ,999 53 ,819 77 ,084 16 ,664 11 ,033 49 ,387 96 ,135 22 ,454 13 ,462 60 ,219 108 ,823 24 ,908 14 ,215 69 ,700 23 Consumer durables (Households) 65 ,706 76 ,346 86 ,465 103 ,553 119 ,379 133 ,989 142 ,973 1111 ,946 39 ,128 971 ,433 57 ,789 42 ,987 609 222 ,282 42 ,606 69 ,851 60 ,799 48 ,293 733 24 25 26 27 28 29 1570,,503 253,,208 1000,,009 152,,559 161,,351 3,,376 704,,022 273,,181 98 ,871 157 ,556 170 ,748 3 ,666 30 31 32 33 34 35 24 Land at market value 25 HouseholdsSnonprofit insts. 26 Farm business 27 Nonfarm noncorp. business 28 Nonfarm nonfinan. corps. 29 Financial corporations 137 ,294 20 ,683 47 ,812 43 ,155 25 ,309 335 148 ,189 23 ,830 50 ,824 45 ,403 27 ,764 368 155 ,874 24 ,741 52 ,511 48 ,537 29 ,704 381 162 ,789 29 ,323 49 ,584 50 ,812 32 ,636 434 184 ,897 33 ,124 61 ,550 53 ,706 36 ,017 500 201 ,802 36 ,588 70 ,359 55 ,322 39 ,000 533 438 ,463 137 ,164 68 ,700 121 ,142 108 ,891 2 ,566 477,,736 157,,346 73,,472 126,,683 117 ,567 2,,668 500 ,686 162 ,774 76 ,032 137 ,455 121 ,801 2 ,624 544,,379 192,,227 75,,075 142,,128 132,,104 2,,845 602,,969 216,,400 88,,949 150,,218 144 ,268 3 ,134 642,,506 238,,260 98,,687 149,,376 152,,984 3,,199 147 ,080 23 Memo: 30 Total real estate 31 HouseholdsSnonprofit insts. 32 Farm business 33 Nonfarm noncorp. business 34 Nonfarm nonfin. corporations 35 Financial institutions (1) At current cost. (2) At year-end prices. Data are in millions of dollars. October 1987 , Tangible Asset Holdings Tangible Asset Holdings Distribution of Tangible Assets by Sector 7 Year-End Outstandings 1955 Year-End Outstandings 1956 1 2 3 4 5 6 1171, 219 460, 448 136, 800 200, 657 367, 317 5, 997 1276, 395 504, 056 142, 624 212, 549 410, 238 6, 928 7 8 9 10 11 12 319, 968 19, 639 24, 810 40, 303 230,,103 5,,113 355, 916 22,,090 25,,902 44,,579 257, 504 5, 841 13 14 15 16 17 18 342,.427 231,,005 5 ,369 19 ,639 81 ,055 5 ,359 19 20 21 22 113 ,975 19 ,900 15 ,155 78 ,920 1957 1345, 225 526, 747 152, 070 219, 296 439, 521 7, 591 1958 1959 1960 1961 1962 1399, 472 551, 987 160, 519 225, 664 453, 142 8, 160 1469, 391 581, 117 169, 120 233, 370 476, 880 8, 904 1532, 604 611 ,811 177, 085 240, 944 493, 209 9, 555 1579, 675 633, 963 179, 039 247, 608 508, 781 10, 284 380,,667 23,,677 26,,371 46,,993 277,,332 6,• 294 392, 660 25, 029 26, 867 48, 120 285, 999 6,,645 409, 015 26, 594 27, 487 50,,098 297, 664 7,,172 420, 382 28,,148 27,,590 51,,270 305,,767 7,,607 432, 260 30, 386 27,,960 52,,717 313,,132 8,,065 449, 563 Plant and equipment (1) 7 8 33, 032 Nonprofit institutions 9 28,,753 Farm business 10 54, 996 Nonfarm noncorp. business Nonfarm nonfin. corporations 11 323,,884 8,,898 Financial corporations 12 361,,660 248 ,279 5 ,517 19 ,759 82 ,643 5 ,462 375 455 261 ,335 5 ,626 19 ,610 83 ,342 5 ,542 390, 946 275,,396 5,,801 19,,437 84 ,562 5 ,750 409,,688 291,,490 6,,035 19,,382 86 ,705 6 ,076 425,,962 305,,663 6 ,241 19 ,235 88 ,475 6 ,348 441,,560 318,,004 6 ,564 19,,186 91 ,048 6 ,758 459,,106 Residential structures (1) Households; owner-occupants 330,,988 Nonprofit institutions 7,,129 Farm business 19,,091 Nonfarm noncorp. business 94,,537 Nonfarm nonfin. corporations 7,,361 13 14 15 16 17 18 122 ,745 19 ,900 15 ,890 86 ,955 126 ,341 21 ,200 16 ,370 88 ,771 126 ,259 22 ,600 16 ,886 86 ,773 131 ,714 ,100 16 ,881 92 ,733 135 ,508 23 ,300 16 ,618 95 ,590 137 ,164 23 ,800 15 ,599 97 ,765 143 ,761 Inventories (2) 25 ,200 Farm business Nonfarm noncorp. business 15 ,780 102 ,781 Corporations 19 20 21 22 1641 ,684 Total holdings of tangibles 659, 496 HouseholdsSnonprofit insts. 186, 711 Farm business Nonfarm noncorp. business 257, 071 Nonfarm nonfinan. corps. 527, 068 Financial corporations 11, 338 1 2 3 4 5 6 23 157 ,315 171 ,877 176 ,175 181 ,962 189 ,009 193 ,656 196 ,795 202 ,317 Consumer durables (Households) 23 24 25 26 27 28 29 237 ,534 47 ,120 72 ,451 64 ,144 52 ,935 884 264 ,197 56 ,293 77 ,063 69 ,437 60 ,317 1 ,087 286 ,587 59 ,934 84 ,889 72 ,591 67 ,876 1 ,297 307 ,645 63 ,799 91 ,615 76 ,096 74 ,620 1 ,515 329 ,965 67 ,989 100 ,151 79 ,686 80 ,407 1 ,732 357 ,096 78 ,103 106 ,960 84 ,581 85 ,504 1 ,948 371 ,896 82 ,214 108 ,093 88 ,244 91 ,126 2 ,219 386 ,937 Land at market value 86 ,030 HouseholdsSnonprofit insts. 113 ,667 Farm business Nonfarm noncorp. business 91 ,758 Nonfarm nonfinan. corps. 93 ,042 Financial corporations 2 ,440 24 25 26 27 28 29 30 31 32 33 34 35 758 ,515 301 ,084 102 ,540 165 ,439 185 ,168 4 ,284 823,,587 329,,852 108,,171 174,,622 205 ,974 4 ,968 870,,910 347,,998 116,,116 179 ,663 221,,652 5 ,481 913,,506 367,,230 122,,708 185 ,217 232 ,381 5 ,970 962,,474 389,,081 131,,529 192 ,072 243 ,248 6 ,544 1011,,072 414,,964 138 ,360 199 ,566 251,,107 7 ,075 1049,,733 433,,804 139,,902 207,,341 260,,919 7 ,767 1092,,176 Total real estate 453,,627 HouseholdsSnonprofit insts. Farm business 145,,962 Nonfarm noncorp. business 216,,263 Nonfarm nonfin. corporations 267,,707 Financial institutions 8,,617 30 31 32 33 34 35 (1) At current cost. (2) At year-end prices. Data are in millions of dollars. October 1987 Tangible Asset Holdings Tangible Asset Holdings 3 Distribution of Tangible Assets by Sector Year-End Outstandings Year-End Outstandings 1963 1964 2085,,539 844,,294 227,,112 319,,046 677,,610 17,,477 1967 1968 1969 1970 ,727 ,422 ,830 ,384 ,967 ,124 2646,,352 1096,,434 266 ,856 392,,319 865 ,812 24,,931 640 ,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 64,,763 45,,609 94,,332 558,,739 21,,340 865 ,131 7 71 ,722 8 49,,228 9 104,,299 10 615,,785 11 24,,097 12 567 ,478 408 ,411 10 ,047 20 ,011 118 ,118 10 ,891 596 ,380 429 ,580 10 ,681 20 ,517 123 ,952 11,,650 667 ,831 480 ,332 12 ,042 22,,070 139 ,706 13,,681 731,,905 524,,443 13,,167 23,,387 155,,010 15,,898 772,,214 551,,874 13,,720 23,,998 165,,106 17,,516 13 14 15 16 17 18 185 ,170 27 ,400 16 ,329 141 ,441 197 ,377 27 ,900 17 ,102 152 ,375 211 ,732 29 ,100 17 ,624 165 ,008 232,,396 31,,800 18,,346 182,,250 240,,310 31,,100 19,,134 190,,076 19 20 21 22 7 Plant and equipment (1) Nonprofit institutions 8 Farm business 9 Nonfarm noncorp. business 10 Nonfarm nonfin. corporations 11 Financial corporations 12 468,,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 13 Residential structures (1) Households: owner-occupants 14 Nonprofit institutions 15 Farm business 16 Nonfarm noncorp. business 17 Nonfarm nonfin. corporations 18 471 ,540 339 ,884 7 ,513 18 ,795 97 ,334 8 ,014 502,,050 361,,593 8,,303 19,,129 104,,041 8,,984 526 ,165 378 ,819 9 ,034 19 ,179 109 ,329 9 ,804 19 Inventories (2) Farm business 20 Nonfarm noncorp. business 21 Corporations 149 ,508 25 ,700 15 ,129 108 ,679 155,,367 24,,500 15,,089 115,,778 169 ,035 28 ,000 15 ,838 125 ,197 23 Consumer durables (Households) 212 ,801 223,,713 236 ,061 258 ,487 283 ,210 314 ,217 343,,730 372,,434 23 24 Land at market value Households&nonprofit insts. 25 Farm business 26 Nonfarm noncorp. business 27 Nonfarm nonfinan. corps. 28 Financial corporations 29 399 ,932 88 ,913 118 ,117 95 ,265 95 ,015 2 ,622 420 ,613 94 ,744 125,,396 99 ,483 98 ,106 2 ,884 441 ,503 99 ,567 134 ,012 103 ,451 101 ,357 3 ,116 483 ,453 119 ,663 143 ,596 111 ,894 105 ,011 3 ,289 500 ,009 125 ,098 152 ,270 114 ,146 105 ,245 3 ,250 525 ,700 138 ,232 159 ,822 119 ,004 105 ,271 3 ,371 553,,538 150,,331 166,,060 124 ,631 108 ,925 3 ,591 571,,346 157,,790 169,,568 128,,688 111,,576 3,,724 24 25 26 27 28 29 1127,,623 468,,326 150,,720 224,,556 274,,676 9,,345 1192,,424 499,,360 158,,917 237,,636 286,,135 10,,376 1259 ,539 525 ,906 168 ,478 250 ,257 303 ,361 11 ,537 1369,,887 581,,116 180,,056 271,,116 324,,913 12,,686 1437,,456 611,,614 190,,150 281,,664 340,,778 13,,250 1572,,708 682 ,810 201 ,099 307 ,138 366 ,666 14,,995 1813 ,738 788 ,951 217 ,131 354 ,843 434 ,192 18 ,621 30 31 32 33 34 35 Data are in millions of dollars. 2217,,653 899 ,889 239,,287 332,,654 726,,638 19,,185 2428 1002 252 361 789 22 2821 ,435 1167,,540 273,,894 417 ,227 934,,953 27,,821 1702,,333 684,,885 192,,498 265,,372 547,,341 12,,237 (1) At current cost. (2) At year-end prices. 1908,,475 766,,263 214,,504 294,,810 617,,322 15,,576 1966 1 Total holdings of tangibles Households&nonprofit insts. 2 Farm business 3 Nonfarm noncorp. business 4 Nonfarm nonfinan. corps. 5 Financial corporations 6 30 Total real estate Households&nonprofit insts. 31 Farm business 32 Nonfarm noncorp. business 33 Nonfarm nonfin. corporations 34 Financial institutions 35 1796, 686 727, 082 200, 132 279, 761 575, 984 13, 727 1965 1709,,741 746,,934 210,,779 334,,438 400,,698 16,,892 ' 1 2 3 4 5 6 October 1967 Tangible Asset Holdings Tangible Asset Holdings 9 Distribution of Tangible Assets by Sector Year-End Outstandings Year-End Outstandings 1971 1976 1 1 2 3 4 5 6 2 3 4 5 6 3062,700 1278,091 286,295 458,444 1008,425 31,445 3367,726 1411,761 314,734 517,207 1089,252 34,772 3847,252 1610,115 368,233 597,266 1231,514 40,124 4539,637 1846,295 434,801 687,699 1521,038 49,804 4929,639 1999,707 481,879 741,703 1651,681 54, 669 5478,430 2253,408 535,688 822,646 1805,605 61, 083 6262,240 2614,292 620,571 953,995 2004,344 69, 038 7305,223 Total holdings of tangibles Households&nonprofit insts. 3077, 067 Farm business 698, 284 Nonfarm noncorp. business 1136, 511 Nonfarm nonfinan. corps. 2311, 049 Financial corporations 82, 312 7 8 9 10 11 12 950,521 80,703 53,641 115,702 672,937 27,538 1033,065 88,782 59,034 126,814 727,758 30,677 1157,661 98,473 66,380 143,735 813,295 35,778 1422,612 115,495 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, 623 1224, 508 56,408 1895, 798 141, 601 114,559 219, 394 1356, 144 64, 100 7 2199, 699 Plant and equipment (1) 8 Nonprofit institutions 167, 725 9 Farm business 133, 912 10 Nonfarm noncorp. business 260, 593 11 Nonfarm nonfin. corporations 1560,828 12 Financial corporations 76,.641 13 14 15 16 17 18 860,459 614,337 14,936 25,515 185,471 20,200 964,656 687,415 16,802 27,165 212,013 21,261 1109,890 791,680 19,450 29,703 246,015 23,042 1262,175 902,948 21,899 33,620 278,794 24,914 1363, 500 978, 640 23,>842 35,,656 299 ,525 25 ,837 1532, 333 1106, 144 26, 691 38, 804 333., 078 27,,616 1785, 154 1296. 125 30, 820 43,.801 384 ,099 30,,309 2095,,090 Residential structures (1) Households: owner-occupants 1527,,137 Nonprofit institutions 35 ,898 Farm business 49 ,624 Nonfarm noncorp. business 448 ,918 Nonfarm nonfin. corporations 33 ,513 19 20 21 22 257,804 35,400 21,671 200,733 285,593 44,300 24,014 217,279 352,625 65,500 27,309 259.816 423,315 62,400 29,600 331,315 428 ,828 64 ,300 27 ,281 337 ,247 463 ,282 60 ,200 27 ,910 375 ,172 393,731 424,684 470,500 544,179 595 ,699 652 ,753 725 ,497 1120 ,191 338 ,077 335 ,095 264 ,035 178 ,309 4 ,675 1350 ,108 420 ,249 402 ,911 321 ,048 200 ,962 4 ,938 1601 ,731 Land at market value Households&nonprofit Insts. 525 ,845 Farm business 441 ,048 Nonfarm noncorp. business 394 ,276 Nonfarm nonfinan. corps. 234 ,891 Financial corporations 5 ,671 4146,055 1877,585 499,632 837,209 897,644 33,985 4888,002 Total real estate 2244,477 HouseholdsSnonprofit insts. 556,374 Farm business 1002,718 Nonfarm noncorp. business 1044,393 Nonfarm nonfin. corporations 40,040 Financial institutions 1 24 25 26 27 28 29 600,185 174,384 171,739 135,600 114,555 3,907 659,728 194,078 184,235 154,366 122,954 4,095 756,576 230,012 206,650 180,207 135,361 4,346 887,356 261,774 256,036 206,440 158,252 4,854 970 ,633 280 ,640 291 ,009 230 ,078 164 ,377 4 ,529 505 ,683 59 ,300 29 ,454 416 ,929 588 ,241 Inventories (2) Farm business 73 ,700 Nonfarm noncorp. business 32 ,724 Corporations 481 ,817 13 14 15 16 17 18 19 20 21 22 820 ,462 Consumer durables (Households) 23 24 25 26 27 28 29 Memo; 30 31 32 33 34 35 1987,573 877,857 223,781 390,632 474,407 20,896 2202,068 980,222 240,213 444,125 514,799 22,709 2516,641 1132,182 268,648 515,357 575,415 25,039 Data are In millions of dollars. 2944,016 1293,192 328,553 592,280 700,869 29,122 3186,439 1394,204 368,707 641,967 751,871 29,690 3572,139 1590,247 420,590 716,372 813,543 31,387 (1) At current cost. (2) At year-end prices. 30 31 32 33 34 35 Tangible Asset Holdings October 1987 Tangible Asset Holdings Distribution of Tangible Assets by Sector 10 Year-End Outstandings Year-End Outstandings 13298,120 5681,158 747,418 2530,726 4140,543 198,275 1 Total holdings of tangibles 2 HouseholdsSnonprofit insts. 3 Farm business 4 Nonfarm noncorp. business 5 Nonfarm nonfinan. corps. 6 Financial corporations 8385,725 3505.641 815,634 1353,885 2618,467 92,098 9496,819 3874,877 939,912 1587,847 2988,346 105,837 10604,044 4257,978 1025,674 1837,819 3362,500 120,073 10722,400 4165, 300 1023, 965 1898, 748 3505, 185 129,202 11406, 341 4614, 510 982, 569 2063,417 3609, 088 136, 757 12088,474 4894,553 969,561 2222,978 3846,341 155,041 12561,078 5182,073 845,752 2367,172 3993,207 172,874 7 Plant and equipment (1) 8 Nonprofit institutions 9 Farm business 10 Nonfarm noncorp. business 11 Nonfarm nonfin. corporations 12 Financial corporations 2459,108 175,421 149,838 291,896 1755,579 86,374 2807,427 193,848 167,397 336,461 2010,371 99,350 3175,130 212,434 181,202 391,737 2277,016 112,741 3348,274 217, 772 181,865 420, 209 2406.,915 121.,513 3450,406 233, 395 184, 328 435, 059 2469, 044 128.,580 3630,176 246,302 183,017 455,239 2599,950 145,668 3766,739 254,498 176,387 471,253 2702,219 162.382 3922,258 7 265,792 8 170,564 9 487,872 10 2811,674 11 186,356 12 13 Residential structures (1) 14 Households: owner-occupants 15 Nonprofit institutions 16 Farm business 17 Nonfarm noncorp. business 18 Nonfarm nonfin. corporations 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 3308,357 2316,297 56,649 65,618 824,875 44,918 3487,097 2439,712 59,469 66,096 875,271 46,549 3747,865 2646,461 62,702 67.408 922,780 48,514 13 14 15 16 17 18 19 Inventories (2) 20 Farm business 21 Nonfarm noncorp. business 22 Corporations 674. 837 80.>700 34,.882 559 ,255 739.,312 84,,500 33,,996 620 ,816 789,034 81,600 33,496 673,938 771 ,411 79 ,200 33 ,710 658 ,501 787 ,225 79 ,400 35 ,723 672 ,102 858,166 80,860 39,904 737,402 863,416 71,119 42,713 749.584 863,378 66,695 44,752 751,931 19 20 21 22 925 ,294 1019 ,969 1096,474 1141 ,689 1206 ,882 1285,977 1387,458 1525,468 23 23 Consumer durables (Households) 3056,368 1040,936 532,150 977,935 494,855 10,492 3239,151 1180,735 442,751 1075,322 528,424 11,919 24 25 26 27 28 29 8515,769 3769,354 693,732 2160,064 1823,838 68,781 9032,618 4128,153 606,773 2319,779 1899,776 78.137 30 31 32 33 34 35 24 Land at market value 25 Households&nonprofit insts. 26 Farm business 27 Nonfarm noncorp. business 28 Nonfarm nonfinan. corps. 29 Financial corporations 1919 ,088 629 ,554 530 ,665 486 ,223 266 ,922 5 ,724 2253 ,706 711 ,713 628 ,774 589 ,100 317 ,632 6 ,487 2614,952 836,063 699,754 702,236 369,567 7,332 2567 ,089 737 ,813 701 ,028 722,039 398,520 7,689 2849 ,079 933 ,423 655 ,089 827,368 425,022 8,177 3005,798 989,328 640,066 902,960 464,071 9,373 5625,347 2566,976 656,128 1201,787 1158,954 41,502 6400,737 2839,494 767,965 1420,872 1326,605 45,801 7205,924 3143,898 850,847 1655,019 1505,697 50,463 7198.866 3004,036 851,655 1708,210 1583,341 51,624 7760,143 3386,228 812,210 1867.172 1639,633 54,900 8215,911 3585,324 801,835 2019,341 1747,967 61,444 Memo: 30 Total real estate 31 Households&nonprofit insts. 32 Farm business 33 Nonfarm noncorp. business 34 Nonfarm nonfin. corporations 35 Financial institutions (1) At current cost. (2) At year-end prices. Data are in millions of dollars. October 1987 Households Households 11 Sector Balance Sheets with Tangible Assets at Current Cost Year-End Outstandings Year-End Outstandings Households, Personal Trusts, and Nonprofit Organizations 201,865 232,703 248,373 294,958 335,031 373,694 397,837 422,088 Tangible assets 301,907 169,753 163,819 5,934 12,775 119,379 337,106 187,327 182,250 5,077 15,790 133,989 358,709 199,234 194,135 5,099 16,502 142,973 379,482 214,825 209,632 5,193 17,577 147,080 33,124 29,487 3,637 36,588 32,805 3,783 39,128 34,944 4,184 42,606 37,734 4,872 4 5 6 7 181,182 107,030 101,844 5,186 8,446 65,706 208,873 123,368 117,907 5,461 9,159 76,346 223,632 127,563 122,297 5,266 9,604 86,465 265,635 151,005 145,322 5,683 11,077 103,553 8 9 10 20,683 18,332 2,351 23,830 21,223 2,607 24,741 22,013 2,728 29,323 26,158 3,165 2 5 Reproducible assets Residential structures Owner-occupied housing Nonprofit institutions Nonprofit plant 8 equip. Consumer durables Land Owner-occupied Nonprofit institutions 2 3 4 5 6 7 8 9 10 940,258 940,258 Total financial assets 11 623, 959 643, 093 673, 094 722, 742 787, 349 827, 490 1682,836 12 13 14 15 16 214, 033 58, 341 59, 717 216, 312 55, 608 61,879 219, 322 53, 738 64, 392 223,816 56, 145 66, 781 233, 330 60, 299 71,507 246,427 62, 349 79,282 259, 543 63, 472 87, 467 -6 22 106 110 122 151 111 39 17 18 19 20 21 95, 981 65, 924 46, 236 19,599 89 98,803 66,576 47,837 18, 521 218 101, 086 67,814 49, 300 18, 355 159 100, 780 67, 006 49, 552 17, 300 154 101,402 66, 055 49, 081 16, 663 311 104, 645 66, 577 49, 173 17, 146 258 108, 493 67, 154 49, 371 17, 688 95 109, 566 65, 413 49, 966 15, 346 101 22 23 24 25 6, 946 8, 040 14, 998 73 7, 952 7, 967 16,,150 158 8, 643 7, 561 16,,863 205 9, 191 6, 764 17, 531 288 9, 529 6, 973 18,,425 420 11, 543 6,,970 19,,089 466 13,,373 7,,031 20,,081 854 15,895 6,,162 21,,214 882 Tax-exempt obligations Corporate 8 fgn. bonds Mortgages Open-market paper 22 23 24 25 26 27 28 101, 249 1,,412 99,,837 100,,136 1,,515 98 ,621 109,,445 3,,070 106,,375 133,,663 3,,344 130,,319 156,,293 3,,481 152,,812 170,,429 3,,931 166,,498 162,,414 4,,146 158,,268 235,,019 6,,109 228,,910 Corporate equities Mutual fund shares Other corporate equities 26 27 28 29 30 46,,510 15,,038 49 ,353 17 ,490 52 ,104 20 ,327 55 ,049 24 ,254 57,,777 27 ,820 60 ,665 32 ,595 63 ,647 37 ,479 66 ,349 42 ,654 Life insurance reserves Pension fund reserves 29 30 31 238 ,877 251 ,161 262 ,837 276 ,297 301 ,960 306 ,657 1148 ,436 312,759 312 ,759 Equity in noncorp. business 31 32 33 660 7 ,592 654 7 ,987 702 8 ,357 971 8 ,692 893 9 ,276 714 10 ,003 708 10 ,609 1 ,020 10 ,946 Security credit Miscellaneous assets 32 33 34 825 ,824 875 ,796 921 ,467 1017 ,700 1122 ,380 1201 ,184 2080 ,673 1362 ,346 35 47 ,018 55 ,141 63 ,751 76 ,996 86 ,015 98 ,533 111 ,727 123 ,988 36 37 38 39 40 41 43 ,632 26 ,266 831 51 ,908 30 ,862 1 ,130 60 ,144 35 ,284 1 ,515 72 ,519 41 ,998 1 ,978 81 ,502 48 ,622 2 ,490 93 ,669 54 ,834 2 ,953 106 ,229 62 ,458 3 ,442 117 ,218 71 ,144 4 ,034 7 ,092 7 ,342 9 ,514 8 ,125 12 ,232 8 ,589 15 ,503 10 ,100 16 ,220 11 ,009 20 ,470 12 ,038 24 ,254 12 ,437 24 ,891 13 ,252 Credit market instruments Home mortgages Other mortgages Tax-exempt debt Installment cons, credit Other consumer credit 36 37 38 39 40 41 42 43 51 2 ,050 95 2 ,182 143 2 ,381 369 2 ,571 396 2 ,765 472 2 ,902 508 3 ,130 522 3 ,375 44 45 1 ,831 771 1 ,547 851 1 ,819 884 2 ,519 951 2 ,393 1 ,034 2 ,569 1 ,133 3 ,032 1 ,212 4 ,131 1 ,298 46 784 835 904 1 ,007 1 ,086 1 ,162 1 ,254 1 ,341 47 778 ,806 820 ,655 857 ,716 940 ,704 1036 ,365 1102 ,651 1968 ,946 1238 ,358 48 120,176 139,130 144,310 171,480 193,306 215,055 229,079 19*614 21*848 22*468 23.014 24.666 247,366 Total owner-occ. real estate Home mortgages as percent of 26.042 owner-occ. real estate 48 21.676 18,216 18,464 20,747 23,094 23,205 24,129 25,815 Total nonprofit real estate 50 43,110 Inventories of nondurable goods, 43,428 not included in totals above 51 49 50 19,149 16,988 38,154 $8,100 Data are In millions of dollars. 37,424 40,156 41,867 42,178 271, 511 65,218 96, 688 Deposits 8 cr. mkt. instr. Checkable deposits 8 curr. Small time 8 savings dep. Money market fund shares Large time deposits Credit market instruments U.S. govt, securities Savings bonds Other Treasury issues Agency issues Bank loans n.e.c. Other loans Security credit Trade credit Deferred and unpaid life insurance premiums 12 13 14 15 16 17 18 19 20 21 42 43 44 45 49 October 1987 Households Households Sector Balance Sheets with Tangible Assets at Current Cost 12 Year-End Outstandings Year-End Outstandings 1956 1957 1958 1959 1960 Households, Personal Trusts, and Nonprofit Organizations 1 Tangible assets 2 3 4 5 6 7 8 9 10 Reproducible assets Residential structures Owner-occupied housing Nonprofit institutions Nonprofit plant 8 equip. Consumer durables Land Owner-occupied Nonprofit institutions 11 Total financial assets 12 13 14 15 16 17 18 19 20 21 Deposits 8 cr. mkt. instr. Checkable deposits 8 curr. Small time 8 savings dep. Money market fund shares Large time deposits Credit market instruments U.S. govt, securities Savings bonds Other Treasury issues Agency issues 460,448 504,056 526,747 551,987 581,117 611,811 633,963 513,128 297,525 291,490 6,035 26,594 189,009 533,708 311,904 305,663 6,241 28,148 193,656 551,749 324,568 318,004 6,564 30,386 196,795 573,466 338,117 330,988 7,129 33,032 202,317 78,103 67,246 10,857 82,214 69,961 12,253 86,030 72,817 386,414 73,331 164,093 407,659 71,991 182,178 413,328 236,374 231,005 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 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 1244,428 1322,057 307,058 67,751 114,899 323,197 66,600 126,902 340,360 68,792 140,956 365,186 71,641 152,419 1029,694 288,958 66,115 105,391 1496,686 11 436,069 71,387 207,898 430 12 13 14 15 16 -34 -158 -239 -440 -508 -143 48 117,486 67,668 50,229 16,827 612 124,566 69,987 50,135 18,756 1,096 129,934 70,961 48,226 20,954 1,781 131,052 67,660 47,703 18,737 1,220 141,634 72,227 45,907 23,372 2,948 149,133 72,020 45,642 24,079 2,299 153,442 72,071 46,445 23,561 2,065 156,354 73,844 46,968 24,850 17 18 19 20 31,496 9,514 38,766 2,734 22 23 24 25 2,026 21 22 23 24 25 Tax-exempt obligations Corporate 8 fgn. bonds Mortgages Open-market paper 19,347 6,872 22,476 1,123 21,499 7,846 24,059 1,175 23,190 8,494 25,997 1,292 24,003 9,673 28,562 1,154 28,187 10,238 30,659 323 30,802 10,899 33,426 1,986 32,008 10,512 36,662 2,189 26 27 28 Corporate equities Mutual fund shares Other corporate equities 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 22,875 477,928 437,092 26 20,909 27 416,183 28 29 30 Life insurance reserves Pension fund reserves 69,254 50,546 72,724 56,590 75,462 62,678 78,535 72,716 81,956 82,410 85,184 90,818 88,631 103,655 92,398 29 109,638 30 31 Equity in noncorp. business 393,832 405,962 31 32 33 Security credit Miscellaneous assets 899 11, , 4 1 3 882 H i ,733 894 12, 041 1, 156 12, ,317 989 12, ,821 1.,137 13, ,297 1, 192 13, 8 2 6 1,, 2 2 6 32 14, , 3 0 1 33 1490, ,142 1596, , 8 7 1 1 6 2 1 , ,127 1796,, 4 1 5 1 9 0 3 , ,174 1 9 7 1 , ,946 2143,,561 2 1 5 6 , , 1 8 2 34 144, , 8 3 3 161, , 3 2 3 174, , 0 3 8 187, , 1 2 3 210,,239 228,,121 2 4 6 ,,292 2 6 8 , , 1 2 8 35 34 Total assets 35 Total liabilities 137 , 1 5 4 83 ,305 4 ,624 153, , 3 5 1 94, , 5 3 8 5, , 2 9 9 166, , 1 7 2 103, , 4 1 9 6,, 0 4 1 177, , 8 2 3 112, , 8 8 0 6,, 8 2 4 2 0 0 ,, 5 3 3 125, , 6 8 5 7,, 6 0 2 2 1 8 ,, 2 1 8 137 , 3 4 8 8 ,432 2 3 4 ,, 7 9 0 149, , 5 4 1 9 ,301 30 , 2 6 9 15 , 0 2 2 33 , 1 7 1 16 , 0 3 3 35, , 4 4 3 16,, 6 8 1 35 , 3 3 9 17 , 2 9 0 41 ,123 19, , 5 3 3 45 ,051 19 , 9 5 6 46, , 0 2 7 21, , 4 9 5 2 5 6 , 4 6 4 36 163 , 3 0 1 37 10 , 2 8 8 38 39 50 , 9 9 4 40 22 , 8 0 4 4 1 329 3 ,605 418 3 ,892 233 4, , 3 5 5 669 4 ,821 1 ,157 5 ,433 1 ,179 6 ,252 1 ,449 6 ,977 1 , 3 3 3 42 7 ,744 43 4 ,816 1 ,381 4 ,773 1 ,530 4 ,365 1 ,658 5 ,522 1 ,809 5 ,536 1 ,983 5 ,398 2 ,126 6 ,736 2 ,254 6 , 6 1 0 44 2 ,387 45 1 ,482 1 ,669 1 ,843 1 ,969 2 ,187 2 ,379 2 ,512 2 , 6 6 7 46 1345 , 3 0 9 1435 , 5 4 8 1447 , 0 8 9 1609 , 2 9 2 1692 , 9 3 5 1743 , 8 2 5 1897 , 2 6 9 1888 , 0 5 4 47 48 Total owner-occ. real estate 272,586 297,935 313,602 330,475 349,788 372,909 387,965 403,805 48 49 H owner-occ! 9 real S estate n t ° f 27*668 28*660 29*718 30*738 32*303 33*098 34,472 35*998 49 50 Total nonprofit real estate 28,498 31,917 34,396 36,755 39,293 42,055 45,839 49,822 50 45,148 47,431 48,467 49,031 51,268 53,054 54,275 56,692 51 36 37 38 39 40 41 42 43 44 45 46 Credit market instruments Home mortgages Other mortgages Tax-exempt debt 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 51 Inventories of nondurable goods, not included In totals above Data are In millions of dollars. October 1987 Households Households Sector Balance Sheets with Tangible Assets at Current Cost 13 Year-End Outstandings Year-End Outstandings 1967 Households, Personal Trusts, and Nonprofit Organizations 1 684.885 727,082 766,263 844.2,4 i a a a a 8 10 14,139 11 1633,942 » I E \\ x I ,h, I 31.986 11 «°S; H 29 30 31 II 1759,106 H 414,400 1912,798 2,436 1 34.627 36,412 J;a H 96*635 123,201 : ll !^ 16,227 K E J,779 1 « 1 v>™ 15,194 139,230 428,978 899.889 la : 17,560 1933, 459 1002.422 i 1096,434 i i 4B s i 2432,439 2411,307 p i 2493,681 Total financial assets 585, 129 91, 130 303, 949 635, 610 101, 013 446 338, ii:ii 692,808 111, 930 365, 097 738,226 3.449 3, 449 4,085 4, 085 8.411 8, 411 3.141 186, 601 84, 963 50, 249 576 126, 8, 138 192, 066 85, 765 51, 219 773 126, 7, 773 207, 370 91, 310 51, 866 31. 202 I 8, 242 38, 38 ,118 118 14,,558 45 ,989 «7 ,636 1 ,577 37, 37.577 19 ,887 48 ,448 10 ,148 46.871 46.019 Els bsb 40.443 443 40. 10.> 301 44.,191 «6:,703 i s i:::: 17,703 2175, 616 1 1167.540 Tansible assets E B 792,762 m 11 Deposits 8 cr. mkt. instr. 12 " i r E n r i L E ' ii 1 1 16,382 1 1 Lars, time deposits T S S 16 = I 5 k s k . . _ s H 574 ,770 33 ,850 H ,920 540 719 ,291 42 ,972 676 H ,319 856 ,467 49 ,529 806 H ,938 SiS 2 1 155,494 110 ,570 U c ',127 i?? 165 115 ,535 187',312 ,312 187 120 ,324 209',055 ,055 209 219!770 24o',819 Pension fund reserves 30 448,373 476 ,934 493 ,077 525 ,101 554,277 571,544 Equity in noncorp. business 31 23^3 4,354 2 ^ Security credit m«eii'=n,ous~ assets 32 33 2 ,730 18 ,199 4 ,943 19 ,848 7 ,039 2 ! ,645 :°" 21 2679,061 2777 ,753 3075 ,505 3434 ,861 3507,741 358, 632 382, 900 408, 460 445, 183 477, 354 £,111 is:no ll:ll! 34 2318,827 2486,188 35 297, 646 327, 378 36 37 38 39 40 41 283, 639 179,864 11. 257 313, 151 197, 315 12, 258 343, 200 214, 287 13, 396 367, 059 228, 453 14, 562 388, 141 240, 744 15, 626 421, 121 257, 666 16, 701 455, 731 276, 225 17,884 480, 055 290, 047 19, 042 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,,161 36,,499 105, 528 37,,595 42 43 1 ,446 8 ,407 1,,976 9 ,155 2 ,493 9 ,970 2 ,514 11 ,941 3 ,247 13 ,262 4 ,664 15 ,315 5 ,663 18 ,299 6 ,943 20 ,900 44 45 8 ,567 2 ,587 8 ,362 2 ,826 9 ,098 3 ,031 9 ,025 ,157 12 ,709 ,663 15 ,627 ,133 12 ,225 ,710 10 ,445 5 ,324 46 2 ,853 3 ,039 3 ,303 3 ,659 3 ,947 4 ,302 4 ,688 5 ,118 47 2021.181 2158.810 2320.429 2394.853 2667.045 2989.678 3030.387 I 3661,221 Total assets 500, 942 Total liabilities Credit market instruments Home mortgages Other mortgages Tax-exempt debt Installment cons, credit Other consumer credit Bank loans n.e.c. Other loans Security credit Trade credit Deferred and unpaid life insurance premiums 35 36 37 38 39 40 41 42 43 44 45 46 3160.279 Net worth Memo: 689,842 J ® ^ 1 m ® ^ ® g g ° ® C ; s r " r C * n t a i f 48 414,658 441,143 462,159 510,514 536,975 600,415 655,554 4, 38*405 39.513 40.746 39.312 39.362 37.736 36.981 36.763 50 53.668 58.217 63.747 70.602 74.639 82.395 91,380 99.109 Total nonprofit real estate 5, 58.990 62.654 67.463 73.918 79.139 86,692 92.994 Inventories of nondurable goods, 96.649 not included in totals above Data are In millions of dollars. owner-oec. real estate 48 49 50 51 Households October 1987 Households Sector Balance Sheets with Tangible Assets at Current Cost 14 Year-End Outstandings Year-End Outstandings 1974 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 & equip. Consumer durables Land Owner-occupied Nonprofit institutions 11 Total financial assets 12 13 14 15 16 17 18 19 20 21 Deposits 8 cr. mkt. instr. Checkable deposits 8 curr. Small time 8 savings dep. Money market fund shares Large time deposits Credit market instruments U.S. govt, securities Savings bonds Other Treasury issues Agency issues 1278,091 1411,761 1610,115 1846,295 1999,707 2253, 408 2614, 292 3077, 067 1 1103,707 629,273 614,337 14,936 80,703 393,731 1217,683 704,217 687,415 16,802 88,782 424,684 1380,103 811,130 791,680 19,450 98,473 470,500 1584,521 924,847 902,948 21,899 115,495 544,179 1719,067 1002,482 978,640 23,842 120,886 595,699 1915, 331 1132,835 1106, 144 26, 691 129, 743 652, 753 2194, 043 1326, 945 1296, 125 30,820 141, 601 725, 497 2551, 222 1563, 035 1527, 137 35,898 167, 725 820, 462 2 3 4 5 6 7 174,384 153,584 20,800 194,078 171,854 22,224 230,012 205,837 24,175 261,774 234,766 27,008 280,640 254,446 26,194 338, 077 309,720 28, 357 420, 249 388,837 31, 412 525,845 8 488, 684 9 37, 161 10 3046,479 3077,889 3517,647 3959, 214 4310, 558 4823, 794 11 1270,020 167,783 720,728 3,696 44,236 1410, 577 183, 592 837, 052 3, 686 35, 100 1569, 172 202, 491 932, 586 3,443 46,,242 1754, 185 230, 651 998, 293 9, 436 79, 736 12 13 14 15 16 2747,487 16,195 20,701 44,515 1163,796 161,750 623,996 2,379 63,275 240,769 90,176 54,416 20,145 15,615 243,869 88,910 57,667 19,799 11,444 271,905 102,868 60,354 30.337 12,177 312,396 115,922 63,338 36,794 15,790 333,577 130,659 67,363 51,630 11,666 351, 147 133, 722 72, 018 50, 659 11,,045 384,,410 146,,117 76,,762 59,,397 9,,958 436,,069 173,,537 80,,691 75,,930 16,,916 17 18 19 20 21 71,,195 73,,655 82,,939 34,,743 22 23 24 25 865,159 130,378 477,817 954,017 142,379 547,068 1058,498 155,430 586,648 22 23 24 25 Tax-exempt obligations Corporate 8 fgn. bonds Mortgages Open-market paper 46,116 45,979 50,559 7,939 48,373 49,512 52,559 4,515 53,658 51,196 51,845 12.338 61,860 58,790 55,314 20,510 68,061 67,140 58,382 9,335 70,,070 76,.910 63,,703 6,,742 68,,605 77,,861 71,,563 20,,264 26 27 28 Corporate equities Mutual fund shares Other corporate equities 830,966 53,006 777,960 918,369 56,383 861,986 707,256 43,695 663,561 491,676 31,812 459,864 637,360 38,749 598,611 752,,036 4 1 ,436 , 710,,600 706 ,616 40 ,354 666 ,262 703 ,192 26 41 ,079 27 662 ,113 28 29 30 Life insurance reserves Pension fund reserves 137,055 277,895 143,930 331,312 151,278 337,982 158,399 345,327 166,483 444 ,059 175 ,268 507 ,488 184 ,802 560 ,329 195 ,992 29 661 ,515 30 31 Equity in noncorp. business 1061 ,551 1231 ,383 1441 ,582 31 4,866 34,124 3,891 36,802 4,468 40,552 6 ,290 46 ,004 5 ,313 52 ,943 7 ,784 32 59 ,544 33 6212 ,622 6924 ,850 7900 ,861 34 1197 ,948 35 32 33 Security credit Miscellaneous assets 4,886 28,651 5,022 31,319 34 Total assets 35 Total liabilities 36 37 38 39 40 41 42 43 44 45 46 Credit market instruments Home mortgages Other mortgages Tax-exempt debt Installment cons, credit Other consumer credit Bank loans n.e.c. Other loans Security credit Trade credit Deferred and unpaid life insurance premiums 548,918 689,891 741,198 791,368 887 ,832 1028 ,692 524,395 314,761 20,251 586,050 353,027 21,547 118,255 39,642 133,173 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 ,161 989 ,230 619 ,185 26 ,730 8 ,100 223 ,669 58 ,339 9,213 22,273 10,125 23,608 13,579 26,174 15,251 29,384 13,859 31,544 14 ,724 33 ,386 17 ,491 35 ,716 19 ,992 42 39 ,524 43 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 11 ,684 19 ,698 44 13 ,201 45 6702,913 47 4725,986 3966,703 Memo: 50 Total nonprofit real estate 51 Inventories of nondurable goods, not included in totals above Data are in millions of dollars. 36 37 38 39 40 41 9,284 47 Net worth 48 Total owner-occ. real estate Home mortgages as percent of 49 owner-occ. real estate 1154 ,700 727 ,675 28 ,056 10 ,700 264 ,712 64 ,041 767,921 35,855 859,269 56*015 997,517 35.048 1137,714 33,361 1233,086 33.687 2015,821 48 1415,864 1684,962 33*292 32*977 32*420 49 228,656 50 182,465 51 109,936 120,953 134,665 155,478 161,118 174,383 192,623 100,890 108,952 121,757 134,613 140,317 152,061 164,441 October 1987 Households Households Sector Balance Sheets with Tangible Assets at Current Cost 15 Year-End Outstandings Year-End Outstandings 1981 1982 1983 1984 1985 Households, Personal Trusts, and Nonprofit Organizations 1 3505 ,641 3874 ,877 4257 ,978 4165 ,300 4614 ,510 4894 ,553 5182 ,073 5681,158 Tangible assets 2 3 4 5 6 7 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 3905 ,225 2372 ,946 2316 ,297 56 ,649 246 ,302 1285 ,977 4141 ,137 2499 ,181 2439 ,712 59 ,469 254 ,498 1387 ,458 4500,423 2709,163 2646,461 62,702 265,792 1525,468 Reproducible assets Residential structures Owner-occupied housing Nonprofit institutions Nonprofit plant 8 equip. Consumer durables 8 9 10 629,,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 ,404 989 ,328 926 ,519 62 ,809 1040 ,936 975 ,885 65 ,051 1180,735 1111,514 69,221 Land Owner-occupied Nonprofit institutions 11 5586,,748 6566 ,634 7122 ,149 7719 ,805 8475 ,049 9121 ,657 10192 ,809 12 13 14 15 16 1965 ,107 256 ,058 1058 ,176 40 ,032 90 ,895 2159 ,896 270 ,733 1141 ,596 64 ,878 131 ,247 2398 ,458 295 ,813 1188 ,900 155 ,620 148 ,334 2641 ,205 313 ,496 1323 ,470 189 ,439 124 ,581 2936 ,613 350 ,264 1533 ,838 158 ,350 111 ,114 3352 ,941 366 ,661 1686 ,561 202 ,399 180 ,000 3690 ,426 405 ,645 1831 ,051 214 ,510 165 ,375 3947,372 503,737 1949,069 257,109 150,432 17 18 19 20 21 519 ,946 223 ,341 79 ,876 106,,991 36,,474 551 ,442 246 ,879 72 ,528 132 ,990 41 ,361 609 ,791 288 ,447 68 ,190 174 ,094 46 ,163 690 ,219 341 ,100 68 ,346 224 ,786 47 ,968 783 ,047 400 ,511 71 ,485 291 ,579 37 ,447 917 ,320 494 ,971 74 ,515 368 ,085 52 ,371 1073 ,845 551 ,680 79 ,777 393 ,895 78 ,008 1087,025 548,165 93,332 391,982 62,851 22 23 24 25 81,,691 72,,000 99, 442 43,,472 88 58 116 40 ,358 ,768 ,503 ,934 99 ,828 54 ,030 133 ,949 33 ,537 123 ,816 54 ,571 144 ,632 26,,100 162 ,871 43 ,214 145 ,973 30 ,478 192 ,206 48 ,393 151 ,376 30 ,374 240,,124 60,,903 150 ,890 70 ,248 236,555 95,345 147,090 59,870 Tax-exempt obligations Corporate 8 fgn. bonds Mortgages Open-market paper 22 23 24 25 26 27 28 857,,417 44,,797 812,,620 1163 ,898 52 ,059 1111 ,839 1102 ,040 52 ,639 1049,,401 1241,,718 66 ,696 1175,,022 1422 ,513 97,,967 1324,,546 1438 ,313 117 ,685 1320,,628 1890 ,058 203,,035 1687 ,023 2210,242 365,473 1844,769 Corporate equities Mutual fund shares Other corporate equities 26 27 28 29 30 206,,692 767,,072 216 ,427 916 ,065 225 ,627 996 ,943 232,,799 1170,,604 240,,792 1378,,136 245 ,994 1512,,640 256,,711 1791,,408 274,226 2055,278 Life insurance reserves Pension fund reserves 29 30 Equity in noncorp. business 31 Security credit Miscellaneous assets 32 33 31 1714,,114 2023,,141 2307,,870 2331,,783 2377,,638 2436,,750 2402,,235 2384,705 9,,613 66,,733 14 ,833 72 ,374 12,,705 78,,506 16,,400 85,,296 18,,782 100,,575 18,,143 116,,876 30,,598 131,,373 39,276 159,454 34 9092,,389 10441,,511 11380,,127 11885,,105 13089,,559 14016,,210 15374,,882 Deposits 8 cr. mkt. instr. Checkable deposits 8 curr. Small time 8 savings dep. Money market fund shares Large time deposits Credit market instruments U.S. govt, securities Savings bonds Other Treasury issues Agency issues 35 1376,,345 1507,,349 1635,,499 1724,,263 1922,,396 2149,,732 2454,,882 2738,187 Total liabilities 1329, 045 846,,880 29,,559 13,,600 300,,313 71.,102 1450,,033 943,,261 31,,486 16,,700 300,,402 73,,981 1575,,436 1023,,047 33,,781 21,,100 315,,944 80,,267 1657,,247 1064, 556 36,,428 29,,600 332,,087 83, 456 1844,,614 1174, 583 38,,917 41,,000 379,,694 92,,408 2074,,264 1302,,996 41,,368 51,,171 453,,223 109,,321 2360,,397 1451, 192 43,,770 81,,334 530, 968 126, 169 2633,900 1645,120 46,124 79,745 586,259 136,706 42 43 21,,673 45,,918 29,,469 54,,734 35,,507 65,,790 37, 882 73, 238 41,,503 76, 509 36,,742 79,,443 43, 686 83, 278 51,520 88,426 44 45 20,,732 14,,876 27,,219 17,,158 25,,518 19,,823 29, 281 22,,220 37, 699 23, 984 34, 595 25, 765 51, 302 27, 974 59,879 30,523 46 11,,692 12,,939 14,,722 15,,515 16, 099 15, 108 15. 209 13,885 47 7716,,044 8934,,162 9744,,628 10160,842 11167, 163 11866, 478 12920. 000 48 2323,,577 2568,,861 2845,,630 2703,.406 3062, 566 3242,816 3415, 597 49 32*991 33*219 32.540 35.437 34.687 36,342 38. 499 50 243,,399 270,,633 298,,268 300, 630 323, 662 342, 508 202,,314 218,,426 235,,405 246, 446 263, 379 284, 348 8 9 10 12 13 14 15 16 17 18 19 20 21 16751,711 Total assets 36 37 38 39 40 41 Data are in millions of dollars. 3 11070,553 Total financial assets 32 33 51 2 4 5 6 7 Credit market instruments Home mortgages Other mortgages Tax-exempt debt Installment cons, credit Other consumer credit Bank loans n.e.c. Other loans Security credit Trade credit Deferred and unpaid life insurance premiums 36 37 38 39 40 41 42 43 44 45 14013,524 Net worth 3757,975 Total owner-occ. real estate Home mortgages as percent of 39*851 owner-occ. real estate 49 48 353, 757 370,178 Total nonprofit real estate 50 303,822 Inventories of nondurable goods. 324,697 not included in totals above 51 October 1987 Farm Business 16 Farm Business Sector Balance Sheets with Tangible Assets at Current Cost Year-End Outstandings Year-End Outstandings 1947 1948 1949 1950 1951 1952 1953 1954 Farm Business 95, 959 100,,930 102,,478 108,,982 126,,752 135 ,537 1035,,949 134,,063 1 2 3 4 5 Reproducible assets Residential structures Nonres. plant & equipment Inventories 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,,516 19,,151 23,,365 22,,000 64,,212 19,,342 23,,670 21,,200 2 3 4 5 6 Land 47,,812 50,,824 52,,511 49,,584 61,,550 70 ,359 971,,433 69,,851 6 8,,369 8,,459 8,,035 8 ,068 8,,327 8 ,314 8 ,291 8,,264 7 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 1,,291 1,,159 132 6,,900 8 1,,364 9 1,,227 10 137 11 104,,328 109,,389 110,,513 117,,050 135,,079 143 ,851 1044,,240 142,,327 12 1 Tangible assets 7 Total financial assets 8 9 10 11 Demand deposits & currency Miscellaneous assets Insurance receivables Equity in spons. agencies 12 Total assets 13 Total liabilities 14 15 16 17 18 19 Credit market instruments Mortgages Bank loans n.e.c. Other loans U.S. government Fed. Inter. Credit Banks 20 Trade debt 21 Net worth Corporate farms 22 Noncorporate farms 23 8,,297 9,,294 9,,880 11,,221 12,,944 13 ,879 13,,562 14,,435 13 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 12,,281 8,,246 2,,862 1,,173 508 665 873 1,,212 1 ,406 1 ,689 2,,125 2 ,270 2 ,053 2 ,154 20 96,,031 6,.722 89,,309 100,,095 7 ,007 93,,088 100 ,633 7 ,044 93 ,589 105 ,829 7 ,408 98 ,421 122,,135 8,,549 113,,586 129 .972 9 .098 120 ,874 1030 ,678 72 .147 -958 ,531 127 ,892 21 8 .952 22 118 ,940 23 68,,700 73 ,472 76 ,032 75 ,075 88,,949 98 ,687 1000,,009 98 ,871 24 14 15 16 17 18 19 Memo: 24 Total farm real estate Nonfarm Noncorporate Business 142,,366 151 ,644 162 ,527 171 ,819 182,,539 179 ,962 184 ,512 189,,980 1 2 3 4 5 Reproducible assets Residential structures Nonres. plant 8 equipment Inventories 99,,211 64 ,375 24,,474 10,,362 106,,241 66 ,819 ,423 11,,999 113 ,990 74 ,474 28 ,483 11 ,033 121 ,007 75 ,575 31 ,970 13 ,462 128,,833 79 ,421 35,,197 14,,215 124 ,640 76 ,636 34 ,122 13 ,882 126 ,723 77 ,081 35 ,264 14 ,378 129,,181 78,,479 36 ,426 14,,276 2 3 4 5 6 Land 43 ,155 45 ,403 48 ,537 50 ,812 53 ,706 55 ,322 57,,789 60 ,799 6 15,,408 16 ,082 16 ,978 18 ,249 19,,208 19 ,877 20,,311 21,,276 7 10 ,101 4 ,237 1 ,070 1,,060 10 9 ,949 4 ,930 1 ,203 1 ,190 13 10 ,315 5 ,360 1 ,303 1 ,289 14 10 ,538 6 ,318 1 .393 1 ,378 15 10 ,777 6 ,887 1,,544 1,,527 17 10 ,429 7 ,700 1 ,748 1 ,730 18 10 ,377 7 ,996 1,,938 1,,919 19 10,,907 8 8,,236 9 2,,133 10 2,,113 11 20 12 157,,774 167 ,726 179 ,505 190 ,068 201,,747 199 ,839 204,,823 211,,256 13 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 27 14 Total liabilities 8,,206 9 ,653 10 ,257 12 ,192 13,,373 14 ,056 14,,918 17,,437 14 15 16 17 18 19 9 ,688 5 ,070 872 3 ,275 923 10 ,477 5 ,810 1 ,093 3 ,713 I ,004 11 ,002 6 ,361 1 ,031 4 ,297 1 ,033 13 ,023 7 ,511 1 ,428 5 ,034 1 ,049 14,,270 8,,167 1,,364 5 ,705 1,,098 15 ,350 8 ,857 1 ,587 6 ,128 1 ,142 15,,882 9,,207 1 ,547 6,,451 1,,209 16 ,734 9 ,923 1 ,872 6 ,726 1,,325 1 ,322 3 ,296 1 ,066 3 ,601 833 3 ,808 1 >278 4 ,234 1,,508 4 ,595 1 ,721 4 ,772 1 ,782 4 ,893 1,,866 20 4,,945 21 - 1 ,482 4 ,382 5 ,864 -824 5 ,110 5 ,934 -745 5 ,250 5 ,995 -831 6 ,260 7 ,091 -897 6,,077 6,,974 - 1 ,294 6 ,544 7 ,838 -964 7 ,269 8 ,233 703 22 8,,877 23 8,,174 24 149 ,568 158 ,073 169 ,248 177 ,876 188,,374 185 ,783 189,,905 193,,819 25 121 ,142 126 ,683 137 ,455 142 ,128 150,,218 149 ,376 152,,559 157,,556 26 "0 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 15 16 17 18 19 Memo: 26 Total noncorp. bus.real estate Data are in millions of dollars. October 1987 •Farm Business Farm Business 17 Sector Balance Sheets with Tangible Assets at Current Cost Year-End Outstandings Year-End Outstandings Farm Business 136,800 1 142, 624 152, 070 160,519 169, 120 177, 085 179, 039 186, 711 68. 969 19. 382 27. 487 22. 100 70, 125 19. 235 27. 590 23. 300 70, 946 19, 186 27. 960 23.800 73, 044 19, 091 28, 753 25,200 2 3 4 5 64,349 19.639 24,810 19,900 65.561 19, 759 25, 902 19, 900 67, 181 19, 610 26, 371 21, 200 68.904 19.437 26.867 22.600 6 72.451 77. 063 84.889 91.615 100. 151 106. 960 108. 093 113, 667 7 8,372 8. 251 8. 218 8,584 7. 982 7. 646 7, 731 7.865 8 9 10 11 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 6, 200 1, 782 1,,584 198 5.800 1,,846 1. 635 211 5,800 1,,931 1.,704 227 5, 900 1,,965 1,,724 241 12 145,172 150,,875 160 ,288 169,103 177,,102 184 ,731 186 ,770 194,,576 13 16,058 16 ,982 18 ,274 20,078 22 ,433 23 ,623 25 ,322 27 ,626 14 15 16 17 18 19 13,723 9,022 3,434 1,267 574 693 14 ,581 9 ,835 3 ,375 1 .371 624 747 15 ,638 10 ,397 3 .759 1 ,482 550 932 17,002 11,109 4,172 1,721 565 1,156 18 ,934 12 ,101 4 ,866 1 ,967 577 1 ,390 19 ,965 12 ,838 5 .062 2 .065 564 1 ,501 21 .558 13 .917 5 .305 2 .336 686 1 ,650 23 ,856 15 .193 6 ,087 2 ,576 736 1 ,840 20 2,335 2 .401 2 ,636 3,076 3 ,499 3 ,658 3 ,764 3 ,770 21 22 23 129,114 9,038 120,076 133 ,893 9 ,373 124 ,520 142 ,014 9 ,941 132 ,07$ 149,025 10,432 138,593 154 ,669 10 ,827 143 ,842 161 ,108 11 ,278 149 ,830 161 ,448 11 ,301 150 ,147 166 ,950 11 ,686 155 ,264 2 3 4 5 6 7 Demand deposits 8 currency Miscellaneous assets Insurance receivables Equity in spons. agencies 8 9 10 11 Credit market instruments Mortgages Bank loans n.e.c. Other loans U.S. government Fed. Inter. Credit Banks 14 15 16 17 18 19 Trade debt Corporate farms Noncorporate farms 21 22 23 145,962 138,360 116,116 24 Reproducible assets Residential structures Nonres. plant 8 equipment Inventories Nonfarm Noncorporate Business 1 200, 657 212,549 219,296 225, 664 233, 370 240, 944 247. 608 257,071 Tangible assets 1 149,568 84,562 48, 120 16,886 153, 684 86. 705 50, 098 16,881 156, 363 88, 475 51, 270 16, 618 159, 364 91, 048 52, 717 15,599 165,313 94,537 54,996 15,780 Reproducible assets Residential structures Nonres. plant 8 equipment Inventories 2 3 4 5 Land 6 136,513 81, 055 40, 303 15, 155 143, 112 82, 643 44,579 15,890 146, 705 83, 342 46, 993 16, 370 6 64, 144 69. 437 72, 591 76. 096 79, 686 84, 581 88, 244 91,758 7 22. 187 23, 171 24,,488 25. 973 26, 332 25, 799 26. 204 26,972 Total financial assets 8 9 10 11 12 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,, 5 6 0 26 13,,641 9,,623 2,,709 2,, 6 7 7 32 12, 707 10,,729 2,,896 2,, 8 5 6 40 12, 415 10. 349 3,,035 2,,987 48 12. 515 10, 488 3,,201 3,,144 57 12,515 11,128 3,329 3,260 69 13 222,,844 235 ,720 243,,784 251,,637 259,,702 266,,743 273,,812 14 20,,589 21 ,499 23 ,131 24 ,197 26,,840 28 ,745 30,,127 33,345 Total liabilities 14 15 16 17 18 19 18 ,436 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 ,031 24 ,324 13 ,534 1 ,938 9 ,335 2 ,261 26 ,071 14 ,443 1 ,703 10 ,245 2 ,495 28 ,412 16 ,413 1 ,821 11 ,785 2 ,807 31,758 18,772 2,001 13,585 3,186 15 16 17 18 19 20 21 2 ,388 5 ,420 2 ,993 5 ,704 3 ,078 6 ,298 3 ,239 6 ,433 3 ,632 7 ,158 3 ,969 7 ,659 4 ,345 7 ,654 4,716 8,270 22 23 24 2 ,153 10 ,060 7 ,907 1 ,937 10 ,988 9 ,051 2 ,609 10 ,987 8 ,378 2 ,249 11 ,626 9 ,377 2 ,516 10 ,750 8 ,234 2 ,674 11 ,228 8 ,554 1 ,715 10 ,619 8 ,904 1,587 10,049 8,462 25 202 ,255 214 ,221 220 ,653 227 ,440 232 ,862 237 ,998 243 ,685 250,698 Net worth 199 ,566 207 ,341 216,263 Total noncorp. bus.real estate 26 2 3 4 5 Demand deposits 8 currency Consumer credit Miscellaneous assets Insurance receivables Equity in spons. agencies 284,043 Total assets Credit market instruments Mortgages Home mortgages Multi-family Commercial Bank loans n.e.c. Other loans Trade debt, net Trade debt -Trade credit 7 8 9 10 11 12 13 20 21 22 23 24 25 Memo * 26 165 ,439 174 ,622 179 ,663 Data ere In millions of dollars. 185 ,217 192 ,072 £™bIusin«s 2g Far Buslness " Sector Balance Sheets with Tangible Assets at Current Cost Year-End Outstandinss Year-End Outstandings 1963 1964 1965 1966 1967 1968 1969 1970 252,830 266,856 273,894 Farm Business 1 Tangible assets II B M - . 192,498 200,132 S m 214,504 227,112 239,287 1 II 18 Hi SI rn 118,117 125,396 134,012 143,596 152,270 159,822 166,060 169,568 6 7 Total financial assets 7,825 8,217 8,497 8,704 9,067 9.646 10,182 10,786 7 > sSS«sST 53 ills !!| il|| i| Land 6 II Equity in spons. agencies 12 Total assets 256 279 319 365 414 S| 516 i| 571 ill E,i 200.323 208,349 223,001 235,816 248,354 262,476 277,038 284,680 12 13 Total liabilities 31, 038 33,827 37,674 41, 274 44, 377 46, 170 48,827 51,284 13 14 15 16 17 18 19 Credit market Instruments Mortgages Bank loans n.e.c. Other loans U.S. government Fed. Inter. Credit Banks 26,406 16,822 6, 688 2,896 797 2, 099 29, 009 18,942 6, 959 3, 108 861 2,247 32, 311 21, 187 7, 667 3,457 941 2,516 35,504 23, 052 8, 600 3,852 929 2, 923 38,815 25, 017 9, 300 4,498 1,087 3,411 41,583 27, 177 9, 718 4, 688 1, 034 3, 654 44, 617 28, 995 10, 328 5, 294 1, 019 4, 275 47,442 30, 346 11, 155 5, 941 967 4, 974 20 Trade debt 4, 632 4,818 5, 363 5, 770 5,562 4,587 4, 210 3,842 20 169, 285 11,850 157, 435 174,522 12,217 162, 305 185, 327 12, 973 172, 354 194, 542 13, 618 180, 924 203, 977 14,278 189, 699 216, 306 15, 141 201, 165 228, 211 15, 975 212, 236 233, 396 21 16, 338 22 217, 058 25 150,,720 158, 917 168, 478 180, 056 190, 150 201, 099 210, 779 217, 131 24 21 Net worth 22 Corporate farms 23 Noncorporate farms 14 15 16 17 18 19 Memo: 24 Total farm real estate Nonfarm Noncorporate Business 1 Tangible assets 265,,372 279,,761 294,,810 319,,046 332, 654 361,,384 392,,319 417,,227 1 2 3 4 5 Reproducible assets Residential structures Nonres. plant 8 equipment Inventories 170 ,107 97 ,334 57 ,644 15 ,129 180,,278 104 ,041 61 ,148 15 ,089 191,,359 109,,329 66 ,192 15 ,838 207,,152 118,,118 72 ,705 16 ,329 218,,508 123,,952 77,,454 17,,102 242,,380 139,,706 85,,050 17,,624 267,,688 155 ,010 94,,332 18,,346 288, 539 165,,106 104,,299 19,,134 2 3 4 5 6 Land 95 ,265 99 ,483 103 ,451 111 .894 114,,146 119,,004 124 ,631 128,,688 6 27 ,914 28 ,743 29 ,792 30 ,496 31 ,292 32 ,534 33 ,752 35,,395 7 12 ,515 11 ,854 3 ,545 3 ,463 82 12 ,515 12 ,429 3 ,799 3 ,704 95 12 ,515 13 ,194 4 ,083 3 ,975 108 12 ,515 13 ,539 4 ,442 4 ,325 117 12 ,515 13 ,933 4 ,844 4 ,716 128 12 ,515 14 ,693 5 ,326 5 ,187 139 12 ,515 15 ,239 5 ,998 5 ,846 152 12,,515 8 16,,198 9 6,,682 10 6,,515 11 167 12 293 ,286 308 ,504 324 ,602 349 ,542 363 ,946 393 ,918 426 ,071 452,,622 13 14 Total liabilities 36 ,321 41 ,831 48 ,583 53 ,532 60 ,568 69 ,982 84 ,030 98 ,136 14 15 16 17 18 19 36 ,050 21 ,424 2 ,002 15 ,825 3 ,597 42 ,442 25 ,877 1 ,902 19 ,095 4 ,880 49 ,883 30 ,750 1 ,997 21 ,846 6 ,907 56 ,937 34 ,761 1 ,598 24 ,245 8 ,918 64 ,407 40 ,883 2 ,102 27 ,045 11 ,736 73 ,458 47 ,833 2 ,224 29 ,449 16 .160 86 ,921 57 ,638 2 ,008 32 ,910 22 ,720 99 ,957 70 ,042 2 ,153 38 ,683 29 ,206 5 ,308 9 ,318 5 ,806 10 ,759 6 ,708 12 ,425 8 ,079 14 ,097 8 ,784 14 ,740 9 ,866 15 .759 12 ,054 17 ,229 11 ,696 20 18 .219 21 271 8 ,232 7 ,961 -611 7 ,495 8 ,106 -1 ,300 6 ,630 7 ,930 - 3 ,405 5 ,086 8 ,491 - 3 .839 5 ,183 9 • 022 - 3 ,476 4 ,179 7 ,655 - 2 ,891 5 .219 8 .110 -1 .821 22 4.802 23 6 .623 24 256 ,965 266 ,673 276 ,019 296 *010 303 ,378 323 ,936 342 .041 354 .486 25 224 ,556 237 ,636 250 ,257 271 .116 281 ,664 307 ,138 334 .438 354 .843 26 7 Total financial assets 8 9 10 11 12 Demand deposits 8 currency Consumer credit Miscellaneous assets Insurance receivables Equity in spons. agencies 13 Total assets 20 21 22 23 24 Credit market instruments Mortgages Home mortgages Multi-family Commercial Bank 109ns n.e.c. Other loans Trade debt* net Trade debt -Trade credit 25 Net worth 15 16 17 18 19 Memos 26 Total noncorp. bus.real estate Data are in millions of dollars. October 1987 Farm Business Farm Business 19 Sector Balance Sheets with Tangible Assets at Current Cost Year-End Outstandings Year-End Outstandings 1971 Farm Business 286, 295 1 314, 734 368,233 434,801 1 481,879 535, 688 620,571 698, 284 Tangible assets 217, 660 43,801 114, 559 59,,300 257, 236 49, 624 133, 912 73,,700 Reproducible assets Residential structures Nonres. plant & equipment Inventories 2 3 4 5 441,,048 Land 6 2 3 4 5 114,556 25, 515 53, 641 35, 400 130,499 27, 165 59, 034 44, 300 161, 583 29, 703 66,,380 65,,500 178, 765 33, 620 82, 745 62,,400 190,870 35, 656 90,,914 64,,300 200, 593 38,804 101, 589 60,,200 6 171,,739 184,,235 206 ,650 256,,036 291 ,009 335,,095 402,,911 7 11 ,477 12,,413 13 ,256 13 ,850 14 ,847 16 ,273 18 ,087 20 ,154 Total financial assets Demand deposits 8 currency Miscellaneous assets Insurance receivables Equity in spons. agencies 7 ,137 13 ,017 10 ,891 2 ,126 7 8 9 10 11 8 9 10 11 6 ,638 4 ,839 4 ,147 692 6 ,900 5 ,513 4 ,731 782 7 ,100 6 ,156 5 ,214 942 6 ,940 6 ,910 5 ,762 1 ,148 7 ,010 7 ,837 6 ,453 1 ,384 6 ,947 9 ,326 7 ,718 1 ,608 7 ,035 11 ,052 9 ,197 1 ,855 297 ,772 327 ,147 381 ,489 448 ,651 496 ,726 551 ,961 638 ,658 718 ,438 Total assets 12 12 55,366 61,081 69,789 77,982 87,304 98,177 112,471 129,686 Total liabilities 13 51,375 32,192 12,500 6,683 1,014 5,669 56,547 35,095 14,306 7,146 1,050 6,096 65,132 39,528 17,165 8,439 1,241 7,198 73,102 44,705 18,236 10,161 1,313 8,848 81,965 49,682 20,199 12,084 2,089 9,995 92,036 55,268 23,230 13,538 11,312 105,448 63,458 25,729 16,261 3,502 12,759 121,047 71,610 28,211 21,226 7,009 14,217 Credit market instruments Mortgages Bank loans n.e.c. Other loans U.S. government Fed. Inter. Credit Banks 14 15 16 17 18 19 3,991 4,534 4,657 4,880 5,339 6,141 7,023 8,639 Trade debt 20 242,406 16,968 225,438 266,066 18,625 247,441 311,700 21,819 289,881 370,669 25,947 344,722 409,422 453,784 31,765 422,019 526,187 36,833 489,354 14 15 16 17 18 19 21 22 23 28,660 380,762 2,226 588,752 Net worth 41,213 Corporate farms 547,539 Noncorporate farms 21 22 23 Memo: 328,553 223,781 556,374 Total farm real estate 368,707 Nonfarm Noncorporate Business 458,444 517,207 597, 266 687, 699 322,844 185,471 115, 702 21, 671 362,841 212, 013 126,814 24, 014 417, 059 246, 015 143, 735 27, 309 481, 259 278, 794 172,865 29, 600 ! ! aa 5 135, 600 35. 610 iiiil E l 154, 366 37, 575 741,703 H -s:s5 S I 822,646 953,995 1136,511 Tangible assets Bis «:«o E»:E«S Bi| 'S:?a 180,207 206, 440 230,078 264,035 321,048 40, 219 41, 998 44,383 48,664 50,788 i i i 394,276 ! 6 Land 55,804 Total financial assets 12.,515 15,,619 7,,476 7 ,296 180 12,,515 16,,590 8,,470 8 ,278 i 192 si 12,,515 18,,249 9,,455 9 ,243 212 ii 12,,515 19,,008 10,,475 10 ,229 246 494 ,054 554 ,782 637 ,485 729 ,697 786,086 871,310 1004,783 116 ,617 145 ,015 174 ,891 196 ,421 212,143 231,778 262,754 298,272 Total liabilities 120 ,363 88 ,251 3 ,050 ,740 146 38 ,461 148 ,705 114 ,527 3 ,626 ,660 156 54 ,241 178 ,205 139 ,880 3 ,226 ,461 164 72 ,193 198 ,461 159 ,305 3 ,008 69 ,961 186 ,336 1 1 1 3 1? 12 ,604 19 ,508 13 ,667 20 ,511 14 ,780 23 ,545 13 ,854 25 ,302 S lis lis: "lis 13 i li 12 i 25 « 377*437 409.7*7 462.5,4 st 533.276 11:55 a 573.943 1 1192,315 Total assets 38,822 w ~ other i..™. liii iliE =11 = 639.532 742,029 894.043 Net worth 7 13 ' 1 ^ I =* Memo: 26 390.632 444.125 515.357 Data are in millions of dollars. 592.280 641.967 7.6.372 857.209 1002.718 T.t.l noncorp. b u S . r « l « t . t , 26 October 1987 Farm Business Farm Business Sector Balance Sheets with Tangible Assets at Current Cost 20 Year-End Outstandings Year-End Outstandings 1985 1981 1979 1986 Farm Business 1 Tangible assets 815. 634 939. 912 1025, 674 1023, 965 982, 569 969. 561 845, 752 747. 418 1 2 5 4 5 Reproducible assets Residential structures Nonres. plant 8 equipment Inventories 284, 969 54,,431 149, 838 80,,700 311, 138 59, 241 167, 397 84,,500 325, 920 63, 118 181, 202 81,,600 322 -937 61,,872 181,,865 79,,200 327- 480 63, 752 184, 328 79,,400 329- 495 65, 618 183, 017 80,,860 313, 602 66,,096 176,,387 71,,119 304, 667 67, 408 170, 564 66,,695 2 3 4 5 6 Land 530,,665 628,,774 699,,754 701,,028 655 ,089 640,,066 532 ,150 442,,751 6 26,,053 27 ,859 29 ,126 31,,200 33 ,598 36,,299 7 7 ,780 21 .346 17 .129 4 ,217 7 ,942 23 ,258 18 .979 4 .279 8 ,120 25 ,478 21 .483 3 .995 8 ,314 8 27 ,985 9 24 ,569 10 3 ,416 11 7 Total financial assets 22 ,226 24 ,199 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 12 Total assets 837 .860 964 ,111 1051 ,727 1051 ,824 1011 ,695 1000 ,761 879 ,350 783 ,717 12 13 Total liabilities 154,368 170,582 192,129 199,330 202,680 201,426 187,278 171,818 13 176,363 105,801 32,920 37,642 16,420 21,222 183,208 110,026 36,135 37,047 16,657 20,390 187,285 112,617 38,927 35,741 16,700 19,041 187,170 111,645 39,907 35,618 17,800 17,818 173,278 105,690 35,507 32,081 18,189 13,892 157,632 96,806 31,240 29,586 18,023 11,563 8 9 10 11 14 15 : 18 19 20 Demand deposits 8 currency Miscellaneous assets Insurance receivables Equity in spons. agencies Credit market instruments Mortgages K E r U.S. government Fed. Inter. Credit Banks Trade debt 21 Net worth 22 Corporate farms 23 Noncorporate farms 14 15 16 17 18 19 144,567 159,754 10,391 17,544 :: 13,0«.6 19,398 9,801 10,828 15,766 16,122 15,395 14,256 14,000 14,186 20 683,492 47,844 635,648 793,529 55,547 737,982 859,598 60,172 799,426 852,494 59,675 792,819 809,015 56,631 752,384 799,335 55,953 743,382 692,072 48,445 643,627 611,899 21 42,833 22 569,066 23 656, 128 767, 965 850,847 851, 655 812, 210 801,835 693, 732 606, 773 24 2063,417 2222, 978 2367, 172 2530, 726 1 1389, 237 875. 271 471. 253 42. 713 1455. 404 922. 780 487. 872 44, 752 2 3 4 5 Memo: 24 Total farm real estate Nonfarm Noncorporate Business 1 Tangible assets 1353,885 1587,847 1837,819 1898, 748 2 3 4 5 Reproducible assets Residential structures Nonres. plant 8 equipment Inventories 867, 662 540,884 896 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 1320, 018 824,875 455, 239 39, 904 6 Land 486. 223 589. 100 702, 236 722. 039 827. 368 902. 960 977. 935 1075, 322 6 61,,036 64. 294 69,,851 73. 512 73. 738 86, 252 101,,587 110,,262 7 ,515 26,,073 ,448 22, 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,,581 24,,642 23,,801 841 12,,515 44,,908 28,,829 27,,968 861 12,,515 53, 258 35,,814 34,,981 833 13,,515 8 57,,294 9 39,,453 10 38,,682 11 771 12 1414,,921 1652,,141 1907,,670 1972,,260 2137,,155 2309,,230 2468,,759 2640,,988 13 336 ,455 366,,982 399 ,226 433 ,296 511,,901 615,,862 710 ,151 825 ,349 14 610 ,511 495 ,316 8 ,732 141 ,971 344 ,613 702 ,507 584 ,075 9 ,213 170 ,847 404 ,015 817 ,170 689 ,843 11 ,143 203 ,117 475 ,583 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 25 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 15 16 17 18 19 330 ,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 ,393 509 ,864 405 ,537 8 ,400 117 ,402 279 ,735 10 ,280 45 ,888 13 ,528 53 ,468 19 ,632 61 ,931 27 ,001 64 ,485 28 ,432 75 ,895 30 ,969 84 ,226 31 ,171 87 ,261 34 ,665 20 92 ,662 21 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 ,397 14 ,360 5 ,351 13 ,584 8 ,233 7 ,644 9 ,836 2 ,192 8 ,179 22 8 ,775 23 596 24 1078 ,466 1285 ,159 1508 ,444 1538 ,964 1625 ,254 1693 ,368 1758 ,608 1815 ,639 25 1201 ,787 1420 ,872 1655 ,019 1708 ,210 1867 ,172 2019 ,341 2160 ,064 2319 ,779 26 Memo: 26 Total noncorp. bus.real estate Data are in millions of dollars. Nonfinancial Corporate Business October 198/ Nonfinancial Corporate Business 21 Sector Balance Sheets with Tangible Assets at Current Cost Year-End Outstandings Year-End Outstandings 1948 Nonfinancial Corporate Business, Excluding Farms 223,993 201,393 1 229,668 259,078 289.354 253,337 4.981 178.656 69,700 305,376 322,385 355,722 1 Tangible assets (current cost) 335.722 266,376 5,069 190,493 70.814 279,398 5,113 201.575 72.710 287,429 5.206 210.965 71,258 2 3 4 5 176,084 3,932 123.675 48,477 196,229 4,219 138,191 53,819 199,964 4,385 146,192 49,387 226,442 4,725 161.498 60.219 6 25,309 27,764 29,704 32,636 36,017 39,000 42,987 115,957 119,052 48,293 1 Reproducible assets Residential structures Nonres. plant 8 equipment Inventories Land 124,627 ' 7 76.167 81,670 85,601 102,421 110,491 8 9 10 11 12 13 14 15 16 35,155 21.434 900 36,256 21,861 900 39,260 22,903 900 43,844 24,222 900 46,437 25,859 900 46,271 26,641 900 48,013 26,550 900 48.373 28.329 1,100 51 12,291 350 129 10 12,853 452 180 10 14,697 485 265 57 17,870 652 143 91 18,653 844 90 75 17,647 813 195 114 19,240 1,005 204 158 17,523 972 291 1,857 2,210 2,530 3,076 3,463 4,007 4,188 4,397 17 18 19 20 21 22 23 24 29,816 9,339 8,366 956 32,295 10,909 9,625 1,192 31,587 12,224 10,700 1,383 42,098 13,403 11,788 1,418 45,716 14,875 12,979 1,548 48,910 16,769 14,721 1,666 48,142 18.709 16.253 1.786 51,663 20,194 17,631 1,866 17 92 141 197 348 382 670 697 305,663 315,269 361,499 399,845 421,333 441.437 25 25 277,560 460,349 103,151 102,484 125,566 139,847 145,723 150,697 26 94,222 155,033 ' Total liabilities 26 57,072 63,342 65,243 72,024 80,422 87,626 91,973 96,856 27 28 29 30 31 32 33 27,671 11,694 872 2,512 8,310 31,971 13,074 1,093 2.949 9,032 34,874 13,861 1,031 3,532 9,298 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 51,547 19,732 1,872 5,939 11,921 16,327 14,537 18.293 22,040 22,927 21,718 15,761 22.357 34 35 36 37 38 39 172 93 1,156 525 166 95 1,198 511 162 107 1,064 638 207 137 1,138 616 269 156 1,352 634 331 167 1,834 655 402 188 1.960 953 531 301 2,221 806 Bank loans n.e.c. Loans from foreign Commercial paper Acceptance liab. to banks Nonbank finance loans U.S. government loans 34 35 36 37 38 39 40 41 42 11,264 23,283 2,603 12,118 24,904 2,787 9,738 24,562 2,941 17,252 32,899 3,391 21,922 33,845 3,658 18,672 35,480 3,945 19,271 35,202 4,251 15,988 37,556 4,633 Profit taxes payable Trade debt Foreign direct inv. in U.S. 40 41 42 202,512 212,785 235,933 259,998 275,610 305,316 183,338 290,740 43 161,351 170.748 Total corp. real estate Market value of equities, 216,033 including corp.farm equities (Net worth of corporate farms, 8,952 from farm sector table) Liquid assets Demand deposits 8 currency Time deposits Money market fund shares Security RPs Foreign deposits U.S. government securities Tax-exempt obligations Open-market paper 8 9 10 11 12 13 14 15 16 Consumer credit Mutual fund shares Trade credit Miscellaneous assets Foreign direct investment Insurance receivables Equity in spons. agencies Other 17 18 19 20 21 22 23 24 Credit market debt Tax-exempt debt Corporate bonds Mortgages Home mortgages Multi-family Commercial 27 28 29 30 31 32 33 43 Memo: 144,268 152,984 117,567 121,801 132,104 84,922 83,862 92,205 116,647 138,250 149,941 144,776 45 6,722 7,007 7,044 7,408 8,549 9,098 72,147 46 31*278 75.531 30*661 70*758 30*527 61*745 30*931 58*171 31#793 58*440 31.634 63*527 41*410 43*332 49,440 53*173 54*403 49.795 47 48 49 1 108,891 46*319 31*723 Debt-net worth ratio (27/43) 44*833 Debt-equities ratio (27/45) Ratio of market value to net worth (45/43) 70*757 44 45 46 47 48 49 Tangibles and net worth on historical cost basis; 50 1 4 9 , 148 1 5 4 , 658 174, 438 196, 820 2 1 0 , 204 2136,438 3 6 , 4 3 8 Tangible assets 1 3 3 , 604 2 2 6 , 060 50 51 52 53 54 1 2 5 , 029 1. 8 0 0 78, 544 4 4 , ,685 1 4 0 , 329 1, ,963 8 9 , .476 48,,890 145. 645 2, 98,,203 45,,313 1 6 5 , 131 314 107, ,716 5 5 , ,101 1 8 7 , ,192 ,422 119^, 9 1 8 64 , 8 5 2 200, 837 2 , ,519 132, , 2 1 6 66, , 1 0 2 2 1 6 , 141 2 , 627 145, 603 67, ,911 2 2 6 , 174 2,,732 157, , 1 4 0 66, , 3 0 2 8 ,819 9 ,013 9 ,307 9 ,628 9 ,367 10 , 2 6 4 8 ,575 9i , 9 1 9 55 240 ,259 276 ,859 307 , 3 1 1 326 ,161 56 230 ,818 361 , 0 6 5 209 ,771 345 , 1 1 2 56 137 , 7 7 5 151 , 2 9 3 167 , 4 6 4 180 , 4 3 8 57 127 , 6 6 7 206 ,032 115 , 5 4 9 194 , 4 1 5 57 58 53,414 57,783 61,691 66,015 71,822 77,302 59 49*392 49.615 47.354 47.605 48.023 48.562 Data are in millions of dollars. Reproducible assets Residential structures Nonres. plant 8 equipment Inventories 51 52 53 Land 55 84,146 90,298 Total corp. real estate 58 47.307 47*010 Debt-net worth ratio (27/57) 59 Nonfinanclal Corporate Business October 1987 Nonfinanclal Corporate Business 22 Sector Balance Sheets with Tangible Assets at Current Cost Year-End Outstandings Year-End Outstandings 1957 1955 Nonfinanclal Corporate Business, Excluding Farms 1 Tangible assets (current cost) 2 3 4 5 Reproducible assets Residential structures Nonres. plant 8 equipment Inventories 6 Land 7 Total financial assets 8 9 10 11 12 13 14 15 16 Liquid assets Demand deposits 8 currency Time deposits Money market fund shares Security RPs Foreign deposits U.S. government securities Tax-exempt obligations Open-market paper 17 18 19 20 21 22 23 24 Consumer credit Mutual fund shares Trade credit Miscellaneous assets Foreign direct investment Insurance receivables Equity in spons. agencies Other 25 Total assets 367,317 Credit market debt Tax-exempt debt Corporate bonds Mortgages Home mortgages Multi-family Commercial 439,521 453,142 378,522 5,750 285,999 86,773 476,880 493,209 508,781 527,068 1 396,473 6,076 297,664 92,733 407,705 6,348 305,767 95,590 417,655 6,758 313,132 97,765 434,026 7,361 323,884 102,781 2 3 4 5 6 314,382 5,359 230,103 78,920 349,921 5,462 257,504 86,955 371,645 5,542 277,332 88,771 52,935 60,317 67,876 74,620 80,407 85,504 91,126 93,042 151,876 163,502 178,716 181,736 194,579 206,757 7 56,185 29,196 1,500 51,429 28,243 3,000 54,837 31,673 4,100 132 22,821 1,794 742 148 16,868 2,382 788 236 15,344 2,395 1,089 57,937 34,564 5,000 790 13,582 2,697 1,304 8 9 10 11 12 13 14 15 16 7,031 168 96,131 45,490 37,276 5,684 90 2,440 17 18 19 20 21 22 23 24 142,089 147,210 53,428 29,282 1,000 48,893 28,990 1,000 48,458 29,024 1,000 50-992 30,083 1,900 129 21,581 1,219 217 138 17,118 1,342 305 131 16,389 1,479 435 149 16,692 1,958 210 4,881 5,123 5,133 5,439 6,257 6,235 6,346 81,247 35,027 29,827 4,081 51 1,068 85,699 38,373 31,865 4,672 72 1,764 91,524 41,872 34,717 5,134 80 1,941 703,360 61,466 22,314 19,395 2,034 2 883 67,333 25,861 22,505 2,393 13 950 68,973 29,312 25,394 2,965 32 921 75,221 31,850 27,409 3,511 38 892 509,406 557,448 591,397 616,644 655,596 674,945 189,979 199,165 209,121 227,782 239,371 105,422 115,830 125,335 133,804 144,288 154,722 164,792 54,564 21,598 2,016 6,348 13,234 58,040 23,225 1,788 6,632 14,805 64,072 24,857 1,671 6,855 16,331 69,715 27,714 1,823 7,611 18,280 72,794 30,800 1,938 8,518 20,344 76,216 33,448 1,703 9,289 22,456 80,611 37,442 1,821 10,363 25,258 84,643 42,084 2,001 11,413 28,670 29 30 31 32 33 30,657 31,866 31,527 35,310 37,458 38,401 41,808 1,198 449 5,644 1,135 34 35 36 37 38 39 26 Total liabilities 27 28 29 30 31 32 33 410,238 733,825 25 271,628 26 176,961 27 - 28 34 35 36 37 38 39 Bank loans n.e.c. Loans from foreign Commercial paper Acceptance liab. to banks Nonbank finance loans U.S. government loans 25,577 362 166 2,471 684 378 245 2,603 682 3,068 40 41 42 Profit taxes payable Trade debt Foreign direct inv. in U.S. 20,085 46,314 5,076 18,102 50,588 5,459 332,509 367,469 392,232 185,168 205,974 221,652 232,381 243,248 251,107 269,173 289,169 242,470 342,082 361,299 354,114 428,294 389,171 45 11,278 11,301 11,686 46 35,521 43.692 36*757 38.476 38.286 47 45.471 48 95.531 84*200 49 43 Net worth 741 658 291 3,147 752 315 296 3,994 779 769 417 5,558 856 1,094 447 5,875 922 15,971 52,149 5,710 13,378 55,824 6,115 15,817 61,073 6,604 13,615 64,124 6,910 14,995 67,853 7,392 422 309 Market value of equities, including corp.farm equities (Net worth of corporate farms, 46 from farm sector table) 45 47 Debt-net worth ratio (27/43) 48 Debt-equities ratio (27/45) Ratio of market value 49 to net worth (45/43) 9,038 9,373 9,941 462,197 43 427,814 Memo: 44 Total corp. real estate 10,432 10,827 267,707 44 31*705 39.165 31.521 40*056 31*954 51.690 32*833 39*114 33*726 39.935 80,952 78.692 61.818 83#941 84.452 302,897 313, 898 335, 052 354, 625 372, 784 394,837 50 319, 055 3, 771 228, 835 86,,449 337, 109 4, 104 243, 555 89, 450 353,.214 4,,573 256,,541 92,,100 373,,409 5,,232 270,,794 97,,383 15,,997 17,,516 19 ,570 21 ,428 55 601 ,594 56 Tangibles and net worth on historical cost basis: 50 Tangible assets 51 52 53 54 Reproducible assets Residential structures Nonres. plant & equipment Inventories 55 Land 15,941 40 71,114 41 7,612 42 256, 302 281, 919 245, 383 2,,847 169.,571 72 ,965 269, 788 2, 959 186,,287 80,,542 290,,021 3,,107 204 ,323 82 ,591 299,,508 3 ,392 215 ,807 80 ,309 10 ,919 12 >131 12 ,876 14 ,390 51 52 53 54 56 Total assets 398 ,391 429 ,129 454 ,773 477 ,400 513 ,768 536 ,361 567 ,363 239 ,150 255 ,608 268 ,279 285 ,986 296 ,990 312 ,331 329 ,966 57 57 Net worth 221 ,494 58 Total corp. real astata 97,065 101.745 11*.0,0 124.1,5 1*2.272 140.943 "'.,0, »«••«>«• 59 Dabt—nat worth ratio (27/57) 47.595 48.4,4 49.0,4 49.874 50.452 52.096 *2.7*1 Memo: Data are in millions of dollars. 5$ *"° " October 1987 Nonfinanci al Corporate Business Nonfinancial Corporate Business 23 Sector Balance Sheets with Tangible Assets at Current Cost Year-End Outstandings Year-End Outstandings 1965 1966 1967 Nonfinancial Corporate Business* Excluding Farms 547, 341 1 452 ?326 8, 014 335, 633 108, 679 2 3 4 5 575, 984 477- 878 8, 984 353, 116 115, 778 617,322 515,965 9,804 380,964 125,197 677, 610 726, 638 789, 967 865,812 934,953 Tangible assets (current cost) 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, 739 182,250 823,377 17,516 615,785 190,076 Reproducible assets Residential structures Nonres. plant 8 equipment Inventories Land 1 6 95, 015 98, 106 101,357 105, 011 105,245 105,271 108, 925 111,576 7 222, 448 237, 308 259,125 272, 722 289, 197 320, 072 351,827 370,274 Total financial assets 8 9 10 11 12 13 14 15 16 61, 337 33, 427 5,,687 61, 670 32, 738 6, 671 63,176 33,053 8,993 61. 326 32,,371 8,,603 63, 095 34,,817 9,,682 68, 569 37. 531 9.,056 69,,008 43,,122 3,,652 69,494 44,059 5,347 731 16 ,736 3 ,787 969 309 1,,097 ,481 15 3 ,680 1 ,694 593 781 13,786 4,600 1,370 895 885 12 ,081 3 ,639 2 ,852 670 1 ,055 9 ,619 3 ,300 3 ,952 1,,121 1,• 587 10,,393 3 ,782 5 ,099 3 ,311 1 ,173 7 ,322 2 ,800 7 ,628 234 798 7,492 2,175 9,389 18 19 20 21 22 23 24 7 ,839 203 102 ,586 50 ,483 40 ,736 6 ,031 90 3 ,626 8 ,726 253 111 ,177 55 ,482 44 ,480 6 ,350 91 4 ,561 9,637 330 124,481 61,501 49,283 6,766 97 5,355 10 ,013 425 136 ,652 64 ,306 51 ,007 7 ,331 120 5 ,848 10 ,315 635 144 ,964 70 ,188 55 ,329 7 ,999 134 6 ,726 10 ,406 845 163 ,513 76 ,739 58 ,547 8 ,788 160 9 ,244 10 ,829 745 186 ,144 85 ,101 63 ,704 9 , 935 225 11 ,237 25 769 ,789 813 ,292 876,447 950 ,332 1015 ,835 1110 ,039 1217 ,639 26 293,525 347,304 409,327 457,711 506, 683 540,431 Total liabilities 27 28 29 30 31 32 33 189,267 220,172 242,720 267,579 294,991 325,459 353, 945 88,414 46,780 2,002 12,403 32,375 92,408 49,475 1,902 13,657 33,916 97,260 51,685 1,997 14,522 35,166 107,474 54,525 1,598 15,247 37,680 122,132 56,626 2,102 16,050 38,474 135,025 58,847 2,224 17,082 39,541 147, 000 58, 038 2, 008 18, 551 37,,479 166, 756 58, 918 2, 153 19, 750 37,,015 34 35 36 37 38 39 45,314 49,955 60,723 69,005 75,671 85,448 98,,834 103,,582 332 6,276 1,183 1,125 382 6,958 1,382 797 445 7,586 1,676 1,622 531 7,521 2,042 3,034 652 7,231 2,233 4,249 787 8,978 1,657 5,,356 1 ,141 13 ,316 1 ,774 7,,133 1,,545 13 ,952 2 ,059 Bank loans n.e.c. Loans from foreign Commercial paper Acceptance liab. to banks Nonbank finance loans U.S. government loans 34 35 36 37 38 39 40 41 42 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 11 ,472 161 ,744 13 ,270 Profit taxes payable Trade debt Foreign direct inv. in U.S. 40 41 42 529,143 710 ,956 764 ,796 Net worth 303,361 400 ,698 434 ,192 Total corp. real estate Market value of equities, 648 ,518 including corp.farm equities (Net worth of corporate farms, 16,338 from farm sector table) 11,430 645 194,621 94,084 70,269 10,831 336 12,648 Liquid assets Demand deposits 8 currency Time deposits Money market fund shares Security RPs Foreign deposits U.S. government securities Tax-exempt obligations Open-market paper 8 9 10 11 12 13 14 15 16 Consumer credit Mutual fund shares Trade credit Miscellaneous assets Foreign direct investment Insurance receivables Equity in spons. agencies Other 17 18 19 20 21 22 23 24 1305,227 Total assets Credit market debt Tax-exempt debt Corporate bonds Mortgages Home mortgages Multi-family Commercial 26 27 28 29 30 31 32 33 43 Memo* 324,913 340,778 45 456,076 509,516 553,720 504,221 651,771 736,619 646 ,261 46 11,850 12,217 12,973 13,618 14,278 15,141 15,975 47 48 46,279 Debt-net worth ratio (27/43) 54,577 Debt-equities ratio (27/45) Ratio of market value 84,796 to net worth (45/43) 39*739 41.499 40.396 39*583 41.609 39.762 42*630 48*137 44*117 41*054 45*221 40*046 45.777 50.360 95,761 102.054 104*644 88.558 107*462 112.921 90.900 574,619 620, 903 678, 205 724, 691 Tangible assets 684, 117 13,,004 488,,550 182,,563 40,,574 44 45 46 47 48 49 Tangibles and net worth on historical cost basis: 50 418, 173 445, 602 303,,428 109,,985 455, 091 717 327, 914 119,,460 501,694 8,412 357,939 135,343 542,245 9,013 386,579 146,653 418,,144 157,,978 639,,283 11,,623 454,,386 173,,274 25,,274 27,,850 30,199 32,374 34 ,664 38 ,922 394,,887 6,,067 285,,646 103,,174 420,,328 55 23,,286 57 640 ,621 347 ,096 531,893 586,,239 51 52 53 54 56 482, 941 682 ,910 368 ,879 742 ,066 394 ,762 804,615 423,646 863,816 940 ,975 1030 ,032 50 Reproducible assets Residential structures Nonres. plant 8 equipment Inventories 51 52 53 54 Land 55 1094 ,965 Total assets 454,489 483 ,264 523 ,349 554 ,534 Net worth 220,100 236 ,915 256 ,109 274 ,034 Total corp. real estate 58.874 61 • 041 62 ,187 56 57 Memo: 58 59 167 ,616 54 .528 177 ,659 54 .675 190 ,853 55.773 Data are in millions of dollars. 205,677 57.293 63*827 Debt-net worth ratio (27/57) 58 59 October 1987 Nonfinancial Corporate Business 24 Nonfinancial Corporate Business Sector Balance Sheets with Tangible Assets at Current Cost Year-End Outstandings Year-End Outstandings 1973 1977 1974 Nonfinancial Corporate Business, Excluding Farms 1 Tangible assets (current cost) 2 3 4 5 Reproducible assets Residential structures Nonres. plant 8 equipment Inventories 6 Land 7 Total financial assets 8 9 10 11 12 13 14 15 16 Liquid assets Demand deposits & currency Time deposits Money market fund shares Security RPs Foreign deposits U.S. government securities Tax-exempt obligations Open-market paper 17 18 19 20 21 22 23 24 Consumer credit Mutual fund shares Trade credit Miscellaneous assets Foreign direct investment Insurance receivables Equity in spons. agencies Other 25 Total assets 1008, 425 893, 870 20, 200 672, 937 200, 733 1089, 252 966. 298 21. 261 727, 758 217, 279 1231, 514 1096, 153 23, 042 813, 295 259, 816 1521, 038 1651, 681 1805, 605 2004, 344 2311, 049 1 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 2076, 158 33, 513 1560, 828 481, 817 2 3 4 5 6 114, 555 122, 954 135,,361 158,,252 164, 377 178,,309 200,,962 234, 891 406, 708 456, 211 526,,810 517,,494 558,,515 612,,893 672,,704 765,,661 7 78, 819 42, 581 9,-509 88, 015 44, 938 11,890 100,,960 46,,315 16,,623 105,,407 47,,772 20,,464 125,,170 53,,927 22,,351 139,.778 56,,365 24,,413 1,,077 1,,234 9,,968 3,,175 11,,275 2, 688 2, 172 7, 917 4,-175 14,,235 11,,262 3,,329 4,,517 4,,038 14,,876 5,,485 4,,946 5,,566 4,,654 16,,520 4,,731 5,,772 14,,281 4,,481 19,,627 7,,048 7,,441 16,,421 3,,419 24,,671 143,,641 59,,207 29,,215 200 8,,256 8,,742 10,,026 3,,468 24,,527 159, 821 57, 698 31,,174 610 13,,729 16,,661 11,,538 3,,658 24,,753 8 9 10 11 12 13 14 15 16 13,,587 690 207,,528 106,,084 76 ,388 11, 878 359 17,,459 14,,032 732 234,-173 119,,259 81,,503 13,,729 377 23,,650 14,,929 775 273,,544 136,,602 91,,715 15,,689 396 28 ,802 15,,459 816 250,,336 145 ,476 100 ,364 17 ,816 413 26 ,883 15,,825 890 256,,494 160,,136 114,,140 20,,043 423 25 ,530 17,,136 964 275,,793 179 ,222 126,,583 23 ,424 460 28 ,755 19,,377 790 310,,874 198 ,022 135 ,382 27 ,833 539 34 ,268 20,,587 618 367,,436 217,,199 151,,761 33,,415 581 31 ,442 17 18 19 20 21 22 23 24 1415 ,133 1545 ,463 1758 ,324 2038 ,532 2210,,196 2418 ,498 2677 ,048 3076 ,710 25 1070 ,839 26 26 Total liabilities 580 ,162 636 ,219 732 ,786 743 ,377 767 ,144 829 ,450 924 ,619 27 28 29 30 31 32 33 378 ,919 86 185 ,563 61 ,422 3 ,050 21 ,672 36 ,700 411,,860 634 197 ,750 64 ,183 3 ,626 24 ,457 36 ,100 461 ,501 2 ,430 206 ,909 66 ,040 3 ,226 26 ,914 35 ,900 527 ,386 4 ,078 226 ,579 67 ,.016 3 ,008 28 ,308 35 ,700 544 ,711 6 ,678 253 ,783 66 ,033 3 ,635 28 ,798 33 ,600 586 ,176 9 ,163 276 ,614 68 ,568 5 ,018 29 ,950 33 ,600 656 ,947 17 ,377 299 ,491 72 ,252 6 ,778 31 ,974 33 ,500 739 ,929 25 ,041 320 ,607 76 ,887 7 ,573 34 ,714 34 ,600 27 28 29 30 31 32 33 181 ,545 253 12 ,513 3 ,623 28 ,112 3 ,667 168 ,719 325 9 ,616 3 ,790 31 ,894 3 ,873 170 ,836 495 11 ,049 5 ,082 40 ,313 4 ,056 190 ,845 645 12 ,808 5 ,721 53 ,782 4 ,026 225 ,058 901 15 ,499 4 ,954 65 ,268 5 ,714 34 35 36 37 38 39 Credit market debt Tax-exempt debt Corporate bonds Mortgages Home mortgages Multi-family Commercial 34 35 36 37 38 39 Bank loans n.e.c. Loans from foreign Commercial paper Acceptance liab. to banks Nonbank finance loans U.S. government loans 107 ,575 120 ,457 6 ,247 1 ,809 14 ,613 1 ,604 6 ,968 1 ,836 18 ,187 1 ,845 150 ,923 32 8 ,382 2 ,368 22 ,279 2 ,138 40 41 42 Profit taxes payable Trade debt Foreign direct inv. in U.S. 13 ,345 173 ,984 13 ,914 13 ,253 196 ,238 14 ,868 15 ,631 235 ,098 20 ,556 16 ,717 174 ,130 25 ,144 14 ,312 180 ,459 27 ,662 21 ,796 190 ,708 30 ,770 20 ,251 212 ,826 34 ,595 24 ,552 40 263 ,887 41 42 ,471 42 43 Net worth 834 ,971 909 ,244 1025 ,538 1295 ,155 1443 ,052 1589 ,048 1752 ,429 2005 ,871 43 44 Total corp. real estate 474 ,407 514 ,799 575 ,415 700 ,869 751 ,871 813 ,543 897 ,644 1044 ,393 44 759 ,061 855 ,616 678 ,149 498 ,508 683 ,811 787 ,604 747 ,721 772 ,839 45 36.888 74.425 37*487 87*859 36.888 47 95*741 48 42.667 38*528 49 Market value of equities, 45 including corp.farm equities (Net worth of corporate farms, 46 from farm sector table) 47 Debt-net worth ratio (27/43) 48 Debt-equities ratio (27/45) Ratio of market value 49 to net worth (45/43) 25,947 16,968 45,381 49,919 45.296 48.136 45*000 68+053 40.719 105.792 37,747 79*658 90.908 94.101 66.126 38.490 47.386 Tangibles and net worth on historical cost basis: 50 Tangible assets 51 52 53 54 Reproducible assets Residential structures Nonres. plant & equipment Inventories 55 Land 56 Total assets 57 Net worth 769 ,831 828,,166 919,,113 1046,,073 1111 ,612 1211,,128 1334 ,403 1497,,745 50 727 ,322 14 ,663 521 ,246 191 ,413 782,,786 14,,736 560,,625 207,,425 869,,215 14,,892 612 ,359 241,,964 992,,286 14,,950 673,,618 303,,718 1056 ,647 14 ,900 730 ,757 510 ,990 1154,,649 14,,917 794,,641 345,,091 1274 ,988 15 ,069 876 ,462 383 ,457 1434 ,108 15 ,548 982 ,065 436 ,697 42 ,509 45 ,380 49 ,898 53,,787 54 ,965 56,,479 59 ,415 65 ,657 55 1176 ,539 1284,,377 1445 ,923 1563,,567 1670 ,127 1824,,021 2007 ,107 2263 ,406 56 596 ,377 648 ,158 713 ,137 820,,190 902 ,985 994,,571 1082 ,488 1192 ,567 57 292 ,119 311 ,364 336 ,441 565,,689 590 ,795 417,,454 447 ,426 486 ,864 58 63*536 63.543 64.714 64.300 51 52 53 54 Memo: 58 Total corp. real estate 59 Debt-net worth ratio (27/57) Data are in millions of dollars. 58.937 60.688 62.04b 59 October 1987 Nonfinancial Corporate Business Nonfinancial Corporate Business 25 Sector Balance Sheets with Tangible Assets at Current Cost Year-End Outstandings Year-End Outstandings 1980 1983 1984 NonfInancial Corporate Business, Excluding Farms 1 2618, 467 2988, 346 3362, 500 3505, 185 3609, 088 3846, 341 3993,,207 4140,.543 Tangible assets (current cost) 1 2 3 4 5 2351, 545 36, 711 1755, 579 559, 255 2670, 714 39, 527 2010,.371 620, 816 2992,.933 41, 979 2277,.016 673, 938 3106, 665 41, 249 2406, 915 658, 501 3184, 066 42, 920 2469,.044 672,.102 3382, 270 44, 918 2599, 950 737, 402 3498,,352 46,,549 2702,,219 749,,584 3612,.119 48,.514 2811,.674 751,,931 Reproducible assets Residential structures Nonres. plant 8 equipment Inventories 2 3 4 5 Land 6 6 266, 922 317,,632 369,,567 398, 520 425, 022 464,.071 494,,855 7 897,.665 1012,,922 1098,,579 1124,.234 1242,.313 1352,.020 1458,,906 8 9 10 11 12 13 14 15 16 185,.820 60,.309 35,.877 3,,000 16,,343 21,,804 18,,105 3 ,687 26 ,695 213,,502 65,,071 42,,353 6,,993 22,,915 24 ,623 23 ,701 3 ,490 24 ,356 254,,943 65,,373 59,,758 18,,416 22,,922 22,,965 27 ,714 3 ,470 34 ,325 297,.281 73,.752 71,.529 19,,031 26,,643 22,,553 38,,000 3,,536 42,,237 351,.414 80,,443 88,,145 11,,153 37,,887 25,,680 50,,998 4,,201 52,,907 388,.045 87,.125 101,,372 16,,062 33,,337 20,,593 63,,174 4,,066 62,,316 415,,096 96,,879 110,,792 12,,817 37,,346 18,,508 67 ,530 4 ,902 66 ,322 472,,169 108,,341 120,,509 14,,000 47,,000 24,,456 77,,994 7,,968 71,,901 Liquid assets Demand deposits 8 currency Time deposits Money market fund shares Security RPs Foreign deposits U.S. government securities Tax-exempt obligations Open-market paper 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 21 ,762 1 ,060 437 ,275 251 ,748 178 ,240 38 ,949 633 33,,926 21 ,987 1 ,507 485 ,505 290 ,421 208 ,467 43 ,619 642 37 ,693 23,,854 1 ,624 508 ,685 309 ,473 224 ,826 47 ,320 642 36 ,685 24,,396 3,,070 493,,035 306,,452 213,,347 50,,030 714 42,,361 27,,740 4,,501 555 ,258 303,,400 ' 215,,934 53,,493 723 33,,250 31,,494 7,,193 601,,615 323,,673 221,,941 58,,652 724 42,,356 34 ,650 12 ,510 636,,855 359 ,795 237 ,169 68 ,617 831 53 ,178 35,,612 15,,000 635,,720 398,,496 261 ,708 78 ,646 913 57 ,229 Consumer credit Mutual fund shares Trade credit Miscellaneous assets Foreign direct investment Insurance receivables Equity in spons. agencies Other 17 18 19 20 21 22 23 24 25 3516,,132 4001 ,268 4461 ,079 4629,,419 4851 ,401 5198,,361 5452 ,113 5697,,540 Total assets 25 26 1233 ,053 1376 .670 1532 ,344 1608,,831 1731,,017 1989,,657 2213 ,009 2427 ,448 Total liabilities 26 27 28 29 30 31 32 33 834 ,843 35 ,028 337 ,915 78 ,432 7 ,035 37 ,197 34 ,200 912 ,027 45 ,892 365 ,570 80 ,602 5 ,954 40 ,648 34 ,000 1018 ,014 59 ,323 388 ,331 78 ,652 4 ,544 41 ,408 32 ,700 1087,,640 74 ,466 406 ,997 77 ,432 5 ,057 40,,766 31,,609 1150 ,931 83 ,897 423,,023 80 ,937 8 ,400 41,,597 30,,940 1346,,962 104,,439 469,,152 81,,270 8,,732 41,,823 30,,715 1519 ,058 127 ,039 542 ,905 81 ,703 9 ,213 41 ,690 30 ,800 1710,,746 119,,098 664,,581 83 ,829 11,,143 42,,193 30 ,493 34 35 36 37 38 39 266 ,808 2 ,888 24 ,518 6 ,921 75 ,425 6 ,908 291 ,705 4 ,199 28 ,026 8 ,538 79 ,119 8 ,376 326 ,273 13 ,095 42 ,722 10 .724 89 ,323 9 ,571 363,,041 15,,612 37 ,614 10,,333 91 ,294 10,,851 381,,349 18,,290 36,,775 13,,820 102 ,440 10,,400 445,,313 31,,339 58,,490 15,,216 130,,143 11,,600 482 ,198 32 ,881 72 ,207 14 ,161 151 ,734 14 ,230 538 ,326 43,,948 62 ,865 14,,064 169,,285 14,,750 Bank loans n.e.c. Loans from foreign Commercial paper Acceptance liab. to banks Nonbank finance loans U.S. government loans 34 35 36 37 38 39 40 41 42 27 ,075 316 .673 54 ,462 25 ,341 356 ,256 83 .046 18 ,546 387 ,070 108 ,714 4 ,484 392 ,030 124 ,677 10,,242 432 ,783 137,,061 10,,907 467 ,205 164,,583 9 ,146 500 ,190 184 ,615 10,,192 497,,181 209,,329 Profit taxes payable Trade debt Foreign direct inv. in U.S. 40 41 42 43 2283 .079 2624 ,598 2928 ,735 3020 ,588 3120,,384 3208,,704 3239 ,104 528,,424 1556,,997 Total financial assets Credit market debt Tax-exempt debt Corporate bonds Mortgages Home mortgages Multi-family Commercial 3270,,092 Net worth 7 27 28 29 30 31 32 33 43 Memo: 1899,776 Total corp. real estate Market value of equities, 2335,807 including corp.farm equities (Net worth of corporate farms. 42,833 from farm sector table) 45 933,178 1292,966 1214.687 1383,435 1639,423 1617,646 2026,014 46 47,844 55.547 60,172 59,675 56,631 55,953 48.445 47 48 36*566 89.462 34.749 70*537 34,759 83,808 36*007 78.618 36.884 70.203 41.978 83+266 46*897 74.977 49 40*873 49,263 41.474 45*800 52.539 50.414 62.548 50 1690,,633 1879 ,332 2086,,898 2206,,488 2339 ,286 2556,,271 2732,,511 2908,,398 51 52 53 54 1623,,381 15,,730 1110,,306 497 ,345 1805 ,510 16 ,054 1241 ,496 547 ,960 2005,,222 16,,305 1392,,792 596,,125 2119 ,370 16 ,718 1525 ,173 577 ,479 2244 ,498 17 ,117 1639 ,910 587 ,471 2453,,900 18,,140 1789,,575 646,,185 2621,,950 19,,160 1945,,341 657,,449 2792,,309 20,,194 2074,,750 697,,365 52.314 Debt-net worth ratio (27/43) 73.240 Debt-equities ratio (27/45) Ratio of market value 71*429 to net worth (45/43) 45 46 47 48 49 Tangibles and net worth on historical cost basis: angible assets 50 Reproducible assets Residential structures Nonres. plant 8 equipment Inventories 51 52 53 54 Land 55 55 67 ,252 73 ,822 81,,676 87 ,118 94 ,788 102,,371 110,,561 116,,089 56 2588 ,298 2892 ,254 3185,,477 3330 .722 3581 ,599 3908,,291 4191,,417 4465,,395 56 57 1355 ,245 1515 .584 1653,,133 1721 .891 1850 ,582 1918,,634 1978,,408 2037,,947 57 58 537 ,037 596 .196 668 ,065 736 ,086 790 ,551 858 ,473 932,,809 985 ,632 58 62 ,192 70.204 76.781 83.944 59 59 61.600 60,.176 Data are In millions of dollars. 61*580 63 .165 October 1987 Private Financial Institutions 26 Private Financial Institutions Sector Balance Sheets with Tangible Assets at Current Cost Year-End Outstandings Year-End Outstandings 1951 1949 Private Financial Institutions 1 Tangible assets 2 Nonres. plant & equipment Land 3 4 Total financial assets 5 6 7 8 9 10 Demand deposits 8 currency Small time 8 savings dep. Money market fund shares Large time deposits Fed. funds 8 security RPs Foreign deposits 11 12 13 14 15 16 Corporate equities Credit market instruments U.S. Treasury securities Federal agency securities State 8 local obligations Corporate 8 foreign bonds 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 5, 174 4, 441 733 1 2 3 245,830 256,380 270,848 292,419 312,878 339, 622 362, 158 394, 017 4 7, 303 283 5 6 7 553 8 9 10 4,894 64 5,019 56 5,268 50 5,910 53 6,505 129 6» 675 170 6, 977 205 274 285 271 221 315 388 448 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 ii,866 287, 223 98, 087 2, 187 15, 776 42,874 12, 941 306, 999 98, 466 3, 760 17,841 47, 602 17, 728 332, 240 103, 728 3, 685 21, 260 51,873 11 12 13 14 15 16 17 18 19 20 21 22 Mortgages Consumer credit Bank loans n.e.c. Open-market paper Other loans Cust. liab. on acceptances 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 86. 499 25, 510 31, 280 1, 147 6, 385 873 17 18 19 20 21 22 23 24 25 26 Security credit Vault cash 8 comm. bank res. Trade credit Miscellaneous flnan. assets 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 7,,526 21,,345 1,,064 5 ,975 23 24 25 26 27 Total assets 248,889 259,695 274,249 296,204 317,148 344,,074 366 ,951 399 ,191 27 28 Total liabilities 224,282 233,881 247,101 266,609 285,810 310 ,534 331 ,488 358 ,702 28 89,488 62,052 90,329 64,624 95,924 67,024 102,743 71,914 107 ,902 79 ,803 108 ,025 88 ,014 112 ,538 29 97 ,341 30 29 30 31 32 33 Checkable deposits Small time 8 savings dep. Money market fund shares Large time deposits Fed. funds 8 security RPs 90,064 59,892 3,599 -82 3,930 -95 4,294 -82 4,576 -61 4,546 7 4 ,874 22 5 ,824 37 7 ,011 32 -20 33 34 35 36 Life insurance reserves Pension fund reserves Interbank claims, net 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 57 ,388 28 ,538 3 ,581 60 ,389 34 33 ,295 35 3 ,426 36 37 38 39 40 4.1 42 43 Mutual fund shares Credit market instruments Corporate bonds Mortgages Bank loans n.e.c. Open-market paper Other loans 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 2,023 3 ,931 8 ,198 2 ,280 4 ,146 9 ,899 3 ,681 6 ,109 37 10 ,094 38 3 ,604 39 942 593 432 1,367 770 509 1,735 951 427 2,697 1,112 810 2,460 1,559 911 3 ,139 1 ,915 864 3 ,044 2 ,222 952 3 ,250 41 2 ,373 42 867 43 44 45 46 Security debt Taxes payable Miscellaneous liabilities 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 1 ,903 20 ,688 4 ,450 44 1 ,634 45 22 ,435 46 47 Net worth 48 Approximate share stock cos. 49 Approximate share other cos. 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 25 ,374 10 ,089 40 ,489 47 29 ,216 48 11 ,273 49 50 Market value of equities 51 Total fin. inst. real estate 21,694 2,566 21,679 2,668 24,017 2,624 24,834 2,845 26,879 3,134 30 ,669 3 ,199 28 ,754 3 ,376 33 ,991 50 3 ,666 51 Data are in millions of dollars. October 1987 Private Financial Institutions Private Financial Institutions 27 Sector Balance Sheets with Tangible Assets at Current Cost Year-End Outstandings Year-End Outstandings Private Financial Institutions 11, 338 8,898 2, 440 1 2 3 5,997 5,113 884 6,928 5,841 1,087 7,591 6,294 1,297 8, 160 6, 645 1,515 8, 904 7, 172 1,732 9,555 7, 607 1,948 10,284 8, 065 2,219 4 427,303 452,772 476,690 523, 161 558,559 597, 191 657, 006 5 6 7,687 348 7,819 431 8,077 500 8, 717 668 8, 554 724 8, 937 721 10, 044 877 10, 981 960 8 572 590 624 827 806 846 1, 045 1, 119 10 - - - - - - - Nonres. plant 8 equipment Land 705,979 705, 979 Total financial assets - Demand deposits 8 currency Small time 8 savings dep. Money market fund shares Large time deposits Fed. funds 8 security RPs Foreign deposits 5 6 7 8 9 10 Corporate equities Credit market instruments U.S. Treasury securities Federal agency securities State 8 local obligations Corporate 8 foreign bonds 11 12 13 14 15 16 11 12 13 14 15 16 24,144 356,697 96,028 3,156 22,825 54,857 25,946 378,697 91,684 2,864 24,140 58,683 25,530 401,927 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 58,,089 583,,978 101,,974 6,,730 44 ,443 90 ,872 17 18 19 20 21 22 100,739 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 ,683 197 ,873 55 ,639 65 ,860 3 ,141 14 ,796 2 ,650 Mortgages Consumer credit Bank loans n.e.c. Open-market paper Other loans Cust. liab. on acceptances 17 18 19 20 21 22 23 24 25 26 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 12 ,423 21 ,973 2 ,201 14 ,255 Security credit Vault cash 8 comm. bank res. Trade credit Miscellaneous finan. assets 23 24 25 26 27 433,300 459,700 484,281 531 ,321 567 ,463 606 ,746 667 ,290 717 ,317 28 389,089 412,853 435,840 477,417 510, 190 546, 015 599,504 646,219 29 30 31 32 33 114,678 106,096 116,493 115,660 115,841 127,703 121,409 141, 951 122, 979 153,428 125, 022 165, 076 130, 140 183, 339 134, 711 209, 127 6,693 -205 6,489 -210 6,701 -313 9,290 252 7,552 -28 11, 119 -262 13,569 14 16,408 63 Checkable deposits Small time 8 savings dep. Money market fund shares Large time deposits Fed. funds 8 security RPs 29 30 31 32 33 34 35 36 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 78, 758 76, 728 6, 502 82, 112 88, 649 7, 948 85, 754 93, 639 7,597 Life insurance reserves Pension fund reserves Interbank claims, net 34 35 36 37 38 39 40 41 7,838 13,943 4,528 9,046 14,796 5,609 8,714 16,376 6,354 13,,241 15,,655 6 ,556 15 ,818 19 ,358 7 ,733 17,,026 22,,985 9,,112 22,,875 24,,869 9,,262 21,,271 27,,943 9,,222 5,611 2,387 1,417 5,110 2,849 1,228 5,113 3,644 1,265 4 ,406 3 ,395 1 ,298 5 ,441 4 ,050 2 ,134 6 ,117 5 ,775 1 ,981 6 ,643 6 ,302 2 ,662 7 ,764 7 ,478 3 ,479 Mutual fund shares Credit market instruments Corporate bonds Mortgages Bank loans n.e.c. Open-market paper Other loans 37 38 39 40 41 42 43 46 4,746 1,260 25,225 4,158 1,452 27,303 4,287 1,635 30,004 4 ,848 1 ,698 32 ,429 4 ,887 1 ,387 34 ,327 5 ,382 2 ,364 35 ,315 6 ,256 1 ,392 38 ,341 7 ,066 1 ,947 40 ,693 Security debt Taxes payable Miscellaneous liabilities 44 45 46 49 44,211 31,223 12,988 46,847 32,753 14,094 48,441 33,447 14,994 53 ,904 37 ,315 16 ,589 57 ,273 39 ,568 17 ,705 60 ,731 41 ,602 19 ,129 67 ,786 46 ,778 21 ,008 71 ,098 48 , 064 23 ,034 Approximate share stock cos. 48 Approximate share other cos. 49 50 51 37,562 4,284 37,154 4,968 45,586 5.481 59,559 5,970 73,182 6,544 75,874 7,075 117,925 7,767 43 44 Data are In millions of dollars. 90,529 Market value of equities 8,617 Total fin. Inst, real estate 50 51 October 1987 Private Financial Institutions 28 Private Financial Institutions Sector Balance Sheets with Tangible Assets at Current Cost Year-End Outstandings Year-End Outstandings 1965 1963 Private Financial Institutions 1 Tangible assets 2 Nonres. plant & equipment 3 Land 4 Total financial assets 5 6 7 8 9 10 Demand deposits 8 currency Small time 8 savings dep. Money market fund shares Large time deposits Fed. funds 8 security RPs Foreign deposits 11 12 13 14 15 16 Corporate equities Credit market instruments U.S. Treasury securities Federal agency securities State 8 local obligations Corporate 8 foreign bonds 12,237 9,615 2,622 13,727 10,843 2,884 771,451 11,048 1,023 11,267 1,118 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 27,821 24,097 3,724 1 2 3 927,637 975,559 1077,176 1185,562 1241,324 1341,338 4 11,658 1,133 12,346 1,053 12,007 832 12,465 1,040 5 6 2,092 2,253 107 1,853 336 2,826 442 8 9 10 11,665 1,126 11,320 1,037 ~ - 70,821 633,523 98,428 7,237 48,825 96,860 83,861 691,479 99,740 8,111 52,403 103,921 99,136 753,439 95,561 9,119 57,099 111,655 94,815 801,143 92,118 10,727 59,718 145,755 939,080 98,701 17,021 79,689 142,217 141,746 998,102 85,087 18,822 81,238 150,453 151,178 1076,256 91,990 25,661 93,798 163,518 11 12 13 14 15 16 120,886 122,808 864,430 96,182 14,090 70,160 133,310 17 18 19 20 21 22 Mortgages Consumer credit Bank loans n.e.c. Open-market paper Other loans Cust. liab. on acceptances 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 4,317 333,355 101,676 126,683 7,514 27,796 4,428 355,063 111,592 144,020 11,092 35,284 5,451 375,439 115,495 150,726 14,694 37,877 7,058 17 18 19 20 21 22 23 24 25 26 Security credit Vault cash 8 comm. bank res. Trade credit Miscellaneous finan. assets 15,083 21,308 2,332 15,149 15,045 22,382 2,484 17,529 15,263 23,298 2,649 19,724 15,824 25,244 2,898 21,849 20,498 27,023 3,176 24,358 24,659 29,054 3,476 27,779 20,021 29,405 3,898 33,124 20,174 31,197 4,370 41,390 23 24 25 26 783,688 860,234 943,213 993,036 1096,361 1207,686 1266,255 1369,159 27 856,107 904,609 1001,140 1103,730 1163,815 1267,976 28 27 Total assets 28 Total liabilities 29 30 31 32 33 Checkable deposits Small time 8 savings dep. Money market fund shares Large time deposits Fed. funds 8 security RPs 136,925 234,662 143,641 260,196 148,953 287,330 150,759 305,206 162,896 339,846 176,210 366,518 180,864 380,605 20,353 26 25,119 540 31,033 1,749 33,356 1,674 39,269 1,659 46,009 2,586 30,485 8,707 190,202 29 411,437 30 31 54,692 32 4,650 33 34 35 36 Life insurance reserves Pension fund reserves Interbank claims, net 89,860 106,041 7,382 94,172 120,821 7,402 98,863 135,770 7,704 103,450 144,150 12,002 108,335 165,020 12,634 113,138 185,427 16,234 118,110 194,623 23,513 123,345 34 213,291 35 18,939 36 37 38 39 40 41 42 43 Mutual fund shares Credit market instruments Corporate bonds Mortgages Bank loans n.e.c. Open-market paper Other loans 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 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 44 45 46 Security debt Taxes payable Miscellaneous liabilities 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 1,894 93,447 14,153 44 2,479 45 111,221 46 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 64,744 39,212 102,440 63,635 38,805 101,183 47 61,068 48 40,115 49 110,586 9,345 118,184 10,376 154,980 11,537 139,279 12,686 166,929 13,250 238,281 14,995 213,139 16,892 204,282 50 18,621 51 47 Net worth 48 Approximate share stock cos. 49 Approximate share other cos. 50 Market value of equities 51 Total fin. Inst, real estate Data are in millions of dollars. 46,811 76,756 21,002 546 11,526 33,067 10,615 37 38 39 40 41 42 43 October 1987 Private Financial Institutions Private Financial Institutions 29 Sector Balance Sheets with Tangible Assets at Current Cost Yeai—End Outstandings 1971 Year-End Outstandings 1972 1973 1974 1975 1976 1977 1978 Private Financial Institutions 1 2 3 31 »445 27, 538 3, 907 34, 772 30,.677 4,.095 40, 124 35, 778 4, 346 49,.804 44,,950 4,,854 54,.669 50,.140 4,.529 61,,083 56,.408 4,.675 69,.038 64,.100 4,.938 4 1514, 064 1744, 738 1898, 062 2006,,826 2241,,802 2499,,659 2791,.881 5 6 7 8 9 10 13, 340 1,492 15,.109 1,.805 15, 632 1,.611 16,,068 1,,895 17,,922 2,,124 18,,806 2,,073 4, 721 1, 168 6,.773 1,.667 7, 906 3, 709 13,,722 6 ,107 22,,998 5,,059 21,,094 6,,682 20,.958 2,,517 244 24,,856 9,,688 14 23,,898 1,,766 762 35,,964 11,.488 470 - - 82,,312 Tangible assets 76,.641 Nonres. plant & equipment 5,.671 Land 3190,,532 Total financial assets 1 2 3 4 Demand deposits 8 currency Small time 8 savings dep. Money market fund shares Large time deposits Fed. funds 8 security RPs Foreign deposits 5 6 7 8 9 10 Corporate equities Credit market instruments U.S. Treasury securities Federal agency securities State 8 local obligations Corporate 8 foreign bonds 11 12 13 14 15 16 12 13 14 15 16 196, 720 1184, 788 91, 129 33,841 110, 375 177, 512 17 18 19 20 21 22 416,>425 128,.691 162,.233 16, 471 40, 7,.889 476 ,724 147 ,121 188 ,464 18 ,332 45 ,365 6 ,898 542,,307 170,,287 237,,308 18,,164 52,,523 8,,892 580 ,302 178 ,896 278 ,287 23 ,887 60 ,025 18 ,484 614 ,250 183 ,666 264,,951 30,,030 65 ,356 18,,727 677 ,171 204 ,452 271,,764 35 ,632 75 ,324 22,,523 773,,229 240,,794 300,,633 36,,658 90,,561 25,,654 880,,514 284,,325 359,,352 40,,720 104,,627 24,,938 Mortgages Consumer credit Bank loans n.e.c. Open-market paper Other loans Cust. liab. on acceptances 17 18 19 20 21 22 23 24 25 26 23, 525 35, 329 4,.661 48, 320 32 ,056 34 ,295 5 ,842 70,,607 24,,300 37,,748 6,,485 85,,780 20 ,546 37,,483 7 ,020 94 ,894 23,,634 38,,304 7,,668 126,,308 34,,856 37,,279 8,,878 138,,012 38,,052 40,,792 10,,176 159,,255 36,,821 46,,693 11,,656 197,,155 Security credit Vault cash 8 comm. bank res. Trade credit Miscellaneous finan. assets 23 24 25 26 27 1545,.509 1779,,510 1938,,186 2056 ,630 2296,,471 2560,,742 2860,,919 3272,,844 Total assets 27 28 1433,.227 1657 ,655 1813,,376 1935 ,568 2180,,560 2427,,186 2712,,288 3093,,359 Total liabilities 28 29 30 31 32 33 203,,402 479,,829 223 ,190 549 ,479 236,,121 588,,698 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,,135 310,,131 1005,,361 10,,808 227,,577 82,,780 34 35 36 129,,626 247,,524 12,,545 136,,349 297 ,948 9 ,884 143,,522 302,,483 3,,375 150 ,528 307,,089 2,,059 158,,474 402,,163 -9,,395 167,,073 461,,039 -17,,583 176,,386 507,,452 -24,,134 37 38 39 40 41 42 43 55,,446 81,,419 25,,906 680 13,,050 33,,847 7,,936 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,,076 56,,429 17,,845 46,,510 159,,593 53,,872 2 ,416 24,,985 62 ,458 15 ,862 44 45 46 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 47 48 49 112,,282 66 ,000 46,,282 121 ,855 68 ,949 52 ,906 124,,810 70,,257 54,,553 121 ,062 62 ,754 58 ,308 50 51 237,,039 20,,896 271 ,984 22 »709 213,,251 25,,039 134 ,192 29 ,122 11 238,.903 1337,. 6 8 1 93,,936 44,,543 122,,126 194,, 172 206, 514 1508,.377 83,,245 57,.218 131,,457 206,,976 160 ,149 1648,,942 81,,325 65,,487 138,,595 223,,654 218,,956 1778,,829 123,,277 76,,269 146,,332 255,,971 256,,014 1975,,965 161,,773 85 ,466 158 ,677 283 ,183 248,,315 2237,,014 168,,265 101,,503 181,,388 318,,329 282,,678 2541,,181 162,,642 122,,878 207,,646 353,,539 Checkable deposits Small time 8 savings dep. Money market fund shares Large time deposits Fed. funds 8 security RPs 29 30 31 32 33 187,,257 601,,737 -14,,050 Life Insurance reserves Pension fund reserves Interbank claims, net 34 35 36 45,,490 188,,217 65,,837 2,,428 24,,645 75,,134 20,,173 46,,049 223,,821 73,,686 1,,960 26,,428 89,,077 32,,670 Mutual fund shares Credit market instruments Corporate bonds Mortgages Bank loans n.e.c. Open-market paper Other loans 37 38 39 40 41 42 43 23,,945 2,,929 285,,883 24,,871 3,,846 331,,343 24,,907 4,,739 382,,242 Security debt Taxes payable Miscellaneous liabilities 44 45 46 115 ,911 52,,647 63,,264 133,,556 60 ,531 73,,025 148,,631 64,,725 83,,906 179,,485 Net worth 47 Approximate share stock cos. 48 76,,680 Approximate share other cos. 49 102,,805 156,,089 29,,690 208,,396 31,,387 192,,179 33 ,985 198,,461 Market value of equities 40,,040 Total fin. inst. real estate Memo: Data are In millions of dollars. 50 51 October 1987 Private Financial Institutions 30 Private Financial Institutions Sector Balance Sheets with Tangible Assets at Current Cost Year-End Outstandings Year-End Outstandings 1981 Private Financial Institutions 1 Tangible assets 2 Nonres. plant 8 equipment 3 Land 4 Total financial assets 1 2 3 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, 177 155, 041 145, 668 9, 373 172,.874 162, 382 10,.492 198, 275 186, 356 11,,919 3600, 558 4030, 489 4430,435 4845, 326 5425, 175 6121, 690 7036,.612 8073,,778 4 26, 821 2, 121 2, 182 48 i452 16, 988 5,,109 29,812 2,850 4, 491 62, 023 20, 885 6, 769 33, 275 3, 231 12, 122 84,.383 37, 247 18,846 39, 902 5, 699 11 ,367 104, 519 44, 137 23, 759 42, 063 7, 313 9,890 99,.309 57, 017 21,,911 44, 561 6, 940 15, 093 97, 702 79, 460 21, 213 58,.470 9,.565 16, 475 104, 204 90,.953 19,,027 67, 672 12,.851 21,.000 122, 519 100,.710 22,,168 5 6 7 8 9 10 324,-527 2855,,524 172,,210 147,,094 227,,897 379,,035 404, 100 3139, 818 210, 879 180, 275 251,,470 414,,583 396, 639 3455,,473 241,,922 224,,145 263,,267 443,,550 476, 729 3688, 097 315, 546 284, 673 283, 193 470, 440 610, 603 4083, 512 375,.089 353,,928 296,,645 513,,937 618, 145 4642, 116 439,.787 400, 145 316,.783 580, 057 797,,785 5225,,186 520,,344 453 ,885 405,,593 657,,665 968,,795 5949,.889 610,,737 623,,381 441,,790 776,,188 11 12 13 14 15 16 978 ,718 323,,580 409,,715 65 , 366 119 ,444 32,,465 1042,,096 325,,651 456,,951 88,,046 130,,077 39,,790 1093,,205 342, 191 509,,235 138,,286 148,,588 51,,084 1084,• 957 359- 377 526,,814 150,,293 153,,985 58,,819 1181,,362 407,,781 556,,473 162,,071 170,,554 65,,672 1328, 390 486,,142 613,,240 204,,093 204,,047 69,,432 1462,,103 569,,229 652 ,585 213 ,739 230,,071 59,,972 1597,,847 630,,059 718,,756 243,,866 252,,863 54,,402 17 18 19 20 21 22 37 ,090 48 ,280 13 ,591 219 ,873 44 ,388 47 ,263 15 ,575 252 ,515 47,,285 43 ,851 18 ,117 279 ,966 50,,977 46,,021 20,,242 333,,877 60,,796 42 ,442 22 ,239 368 ,080 63,,548 46,,057 25,,000 461,,855 90,,660 54,,168 27,,190 542,,929 91,,960 73,,759 31,,856 610,,599 23 24 25 26 27 Total assets 3692 ,656 4136 ,326 4550 ,508 4974 ,528 5561,,932 6276,,731 7209 ,486 8272 ,053 27 5 6 7 8 9 10 Demand deposits 8 currency Small time 8 savings dep. Money market fund shares Large time deposits Fed. funds 8 security RPs Foreign deposits 11 12 13 14 15 16 Corporate equities Credit market instruments U.S. Treasury securities Federal agency securities State 8 local obligations Corporate 8 foreign bonds 17 18 19 20 21 22 Mortgages Consumer credit Bank loans n.e.c. Open-market paper Other loans Cust. liab. on acceptances 23 24 25 26 Security credit Vault cash 8 comm. bank res. Trade credit Miscellaneous finan. assets 28 Total liabilities 3480 ,998 3889 ,436 4296 ,424 4717 ,153 5282 ,184 5961,,191 6839 ,463 7853 ,334 28 29 30 31 32 33 Checkable deposits Small time 8 savings dep. Money market fund shares Large time deposits Fed. funds 8 security RPs 337 ,717 1065 ,076 45 ,214 256 ,852 100 ,708 349 ,333 1148 ,690 76 ,362 316 ,823 123 ,250 366 ,554 1196 ,301 186 ,158 378 ,116 140 ,885 393 ,805 1335 ,272 219 ,837 395 ,450 148 ,983 421 ,022 1552 ,131 179 ,393 382 ,315 ' 177,619 458 ,011 1702,,433 233,,554 470,,190 201,,305 524 ,788 1844 ,220 243 ,802 487 ,589 222 ,934 637 ,722 1965 ,953 292 ,109 493 ,897 247 ,973 34 35 36 Life insurance reserves Pension fund reserves Interbank claims, net 197 ,675 699 ,396 5 ,095 207 ,364 839 ,642 -26 ,885 216 ,308 910 ,736 -51 ,758 223 ,279 1072 ,671 -109 ,673 231 ,100 1266 ,136 -108 ,646 236,,066 1382 ,690 -92,,624 246 ,507 1642 ,630 -68 ,125 263 ,728 34 1885 ,723 35 -54,,230 36 37 38 39 40 41 42 43 Mutual fund shares Credit market instruments Corporate bonds Mortgages Bank loans n.e.c. Open-market paper Other loans 51 ,788 265 ,777 79 ,148 1 ,950 26 ,927 115 ,914 41 ,838 61 ,808 286 ,386 80 ,765 1 ,910 25 ,909 128 ,839 48 ,963 59 ,841 340 ,917 85 ,172 1 ,930 27 ,102 161 ,519 65 ,194 76 ,851 369 ,080 97 ,891 2 ,043 28 ,970 174 ,175 66 ,001 112 ,121 400 ,827 115 ,489 2 ,068 28 ,854 195 ,463 58 ,953 136,,679 477 ,805 151 ,661 2 ,479 29 ,518 219 ,526 74 ,621 240 ,230 576 ,921 200 ,944 2 ,668 32 ,078 252 ,396 88 ,835 413 ,473 37 701,,742 38 269,,628 39 2 , 747 40 36 ,090 41 284 ,632 42 108 ,645 43 44 45 46 Security debt Taxes payable Miscellaneous liabilities 25 ,971 4 ,997 424 ,732 32 ,002 3 ,607 471 ,054 34 ,472 2 ,043 515 ,851 38 ,096 1 ,994 551 ,508 41 ,879 2 ,003 624 ,284 47 ,096 ,863 706 ,123 69 ,956 2 ,044 805 ,967 71 ,357 44 1 ,843 45 932 ,044 46 47 Net worth 48 Approximate share stock cos. 49 Approximate share other cos. 211 ,658 97 ,094 114 ,564 246 ,890 121 ,266 125 ,624 254 ,084 126 ,420 127 ,664 257 ,375 127 ,290 130 ,085 279 ,748 140 ,817 138 ,931 315 ,540 184 ,695 130 ,845 370 ,023 215 ,990 154 ,033 418 ,719 47 240 ,782 48 177 ,937 49 50 Market value of equities 51 Total fin. inst. real estate 231 ,522 260 ,134 45,801 272 ,613 50*463 318 ,734 356 ,283 376 ,568 518 ,403 561 ,293 50 Data are in millions of dollars. 29 30 31 32 33 October 1987 All Sectors—Flows All Sectors—Flows 31 Stock-Flow Reconciliation for Consolidated Domestic Net Assets Annual Flows Annual Flows Domestic investment flows: 1 2 3 55, 472 28, 573 26,899 69, 999 33, 038 36, 961 61,521 36, 113 25, 408 85,849 39, 458 46, 391 90, 342 45, 663 44, 679 82, 782 49, 708 33, 074 87, 600 53, 341 34,259 86,166 Purchase of physical assets 57,591 - Capital consumption 28,575 = Net capital formation 1 2 3 4 5 9,853 36, 752 3, 018 39, 979 1,297 26, 705 -2,249 44, 142 656 45, 335 322 33, 396 -1, 728 32,531 -260 + Net foreign Investment 28,315 = Net investment flows by domestic sectors 4 5 Adjustments for tangible assets: 6 7 55,482 15,221 8 -1 20, 087 10,895 768 7, 685 -1 - -24 815 38,869 6, 915 -2 " 1,532 9 10 323 11 -151 -144 -21 3 12 -15 15 -18 24 13 " 107 ,643 71 ,617 35 ,132 32, 535 22, 108 - 91 ,437 11, 096 16, 905 - 2, 052 910, 144 - 842 482 - - - 120 255 -55 76 60 -51 99 ,182 62 ,074 1,852 Revaluations of reproducible 2,637 tangible assets -889,664 Change in land values Less: Adjustments of capital consumption -3 to Balance Sheet basis 8 Adjustments to net foreign investment: -86 Reval. of net foreign claims - Reval. of SDR holdings 9 10 Foreign purchases of 483 U.S. corporate equities - U.S. purchases of 256 foreign equities 6 7 11 12 946 ,575 = Net change in consolidated -858,568 domestic net worth 13 By sector: -858,568 Total, all sectors 14 14 107 ,643 71 ,617 35 ,132 91 ,437 99 ,182 62 ,074 946 ,575 15 16 17 18 19 20 21 94 ,212 118 ,391 61 ,911 11 ,579 15 ,315 28 ,267 1 ,319 63 ,443 74 ,799 41 ,849 4 ,064 8 ,505 19 ,174 1 ,207 38 ,445 . 60,381 37 ,061 538 11 ,175 10 ,273 1 ,334 83 ,656 122 ,407 82 ,988 5 ,196 8 ,628 23 ,148 2 ,447 99 ,272 148 ,273 95 ,661 16 ,306 10 ,498 24 ,065 1 ,743 69 ,354 89 ,346 66 ,286 7 ,837 - 2 ,591 15 ,612 2 ,202 953 ,552 1788 ,176 866 ,295 900 ,706 4 ,122 15 ,130 1 ,923 22 23 24 26 ,084 1 ,216 24 ,868 12 ,284 4 ,781 7 ,503 11 ,676 679 10 ,997 13 ,460 4 ,356 9 ,104 25 ,663 1 ,807 23 ,856 4 ,697 166 4 ,531 841 ,779 -134 841 ,913 25 26 27 - 2 ,253 903 -3 ,156 -1 ,216 880 - 2 ,096 7 ,754 368 7 ,386 23 ,944 438 23 ,506 22 ,493 1 ,529 20 ,964 13 ,686 857 12 ,829 - 8 ,230 676 - 8 ,906 70,642 - Change in HH corp. equities -45 Net purchases 70,687 Revaluation 25 26 27 28 29 30 348 414 -66 288 361 -73 2 ,506 878 1 ,628 1 ,347 989 358 845 725 120 1 ,609 1 ,443 166 1 ,075 1 ,296 -221 4,787 - Change/fin.Inst.corp.shares 1,735 Net purchases 3,052 Revaluation 28 29 30 31 32 33 34 35 14,350 112 14,210 7,604 -1,048 8,644 8 -5,324 -1,764 -3,573 13 5,273 -1,991 7,238 26 4,180 -1,300 5,459 21 -7,028 -2,185 -4,874 31 -8,440 -2,026 -6,431 17 • Change in net finan. assets of -9,363 public sectors -3,904 State 8 local governments -5,473 U.S. government 14 Sponsored credit agencies Monetary authority 31 32 33 34 35 36 37 38 -1,802 -938 -765 2,218 558 -799 1,028 2,279 -2,682 -2.989 1,401 — 1,764 1,821 1,249 54 -733 -2,410 1,231 2,642 -2,658 819 2,244 39 680,205 751,822 786,954 878,391 1039,647 40 235,236 261,615 260,363 288,255 351,624 28 Data are in millions of dollars. -68 1,580 -849,610 Private sectors, consolidated -1609,858 Sector basis, total -730,588 Households -902,786 Farm business 3,914 Nonfarm noncorp. business 14,576 Nonfinancial corp. business 5,026 Private finan. institutions 15 16 17 18 19 20 21 -835,677 - Change in eq.in noncorp.bus. 22 23 -1,841 Proprietors' net invest. 24 -833,836 Revaluation of equity 1127,654 • Other adjustments: Nonfinancial discrepancy 36 Unallocated financial flows 37 Unallocated revaluations 38 Total domestic net assets at year end 372,493 Memo: Gross National Product 39 40 October 1987 All Sectors—Flows •59 Sectors-Flows stock-Flow Reconciliation for Consolidated Domestic Net Assets Annual Flows Annual Flows _ 1,57 1958 1959 I960 1961 1962 Domestic Investment flows: 1 Purchase of physical assets 2 - Capital consumption 3 = Net capital formation 4 • Net foreign investment 5 = Net investment flows by domestic sectors 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 33,817 134,670 87,799 46,871 26 47,967 -1,323 42,024 4,569 42,392 356 24,769 -1,878 41,322 1,806 40,865 2,832 36,649 2,264 49,135 35,166 26,663 8,614 22,390 8,775 21,058 4,400 22,320 -2,977 27,131 -1,549 14,800 96 15,041 117 207 786 147 -54 351 Adjustments for tangible assets: Revaluations of reproducible 20,998 6 tangible assets 15,252 7 Change in land values ----Less: Adjustments of capital consumption 8 to Balance Sheet basis -1 -3 Adjustments to net foreign investment: 9 Reval. of net foreign claims 678 10 Reval. of SDR holdings Foreign purchases of 11 U.S. corporate equities - U.S. purchases of 12 foreign equities 203 323 109 11 663 762 969 12 50,147 63,959 13 64,140 50,147 63,959 14 75,322 118,369 83,643 5,644 5,422 20,291 3,369 66,696 73,683 50,890 6,439 5,136 7,760 3,458 58,633 179,280 153,444 340 5,687 12,754 7,055 13,307 222 13,085 10,671 -2,568 13,239 11,124 -2,504 13,628 6,004 448 5,556 12,130 22 196 23 11,934 24 -37,373 474 -37,847 101,402 -49 101,451 26,103 -1,158 27,261 -7,742 -1,390 —6,352 99,497 -1,410 100,907 -61,745 25 -2,736 26 -59,009 27 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 4,404 10,742 -3,490 28 4,205 29 -7,695 30 -8,172 -3,292 -4,935 55 - 127 256 173 111 35 332 195 84,850 108,942 73,628 54,424 68,983 84,850 108,942 73,628 54,424 68,983 81,991 147,524 106,951 1,222 8,436 27,193 3,722 108,782 144,580 90,239 4,779 11,966 34,960 2,636 76,255 52,451 11,541 8,121 6,432 24,763 1,594 71,215 196,755 162,203 7,011 6,787 15,291 5,463 9,572 -1,924 11,496 16,410 -1,280 17,690 13,985 -913 14,898 25 - Change in HH corp. equities Net purchases 26 Revaluation 27 49,545 175 49,370 17,586 936 16,650 28 - Change/fin.inst.corp.shares Net purchases 29 Revaluation 30 6,416 1,642 4,774 13 = Net change in consolidated domestic net worth By sector: 14 Total, all sectors 15 Private sectors, consolidated 16 Sector basis, total Households 17 Farm business 18 Nonfarm noncorp. business 19 Nonfinancial corp. business 20 Private finan. institutions 21 2 2 •• 23 24 Change in eq.in noncorp.bus. Proprietors' net invest. Revaluation of equity 9 10 73,586 20,481 -9,215 5,502 7,013 13,869 3,312 15 16 17 18 19 20 21 31 32 33 34 35 31 32 33 34 35 Change in net finan. assets of public sectors State 8 local governments U.S. government Sponsored credit agencies Monetary authority -572 -4,243 3,653 18 934 -3,363 4,284 13 -2,832 -4,328 1,458 38 -15,910 -4,797 -11,148 35 -6,710 -3,659 -3,081 30 -1,494 -3,223 1,698 31 -9,728 -4,068 -5,706 46 36 37 38 + Other adjustments: Nonfinancial discrepancy Unallocated financial flows Unallocated revaluations -1,804 3,124 2,111 1,895 -4,520 1,851 1,172 146 -1.113 219 -809 -291 1,545 652 -1,826 2,807 -1,446 -2,423 1,209 105 -72 -67 36 -1,424 37 36 38 1321,446 1395,074 1449,498 1518,481 1582,621 1632,768 1696,727 39 1212,504 428,212 451,036 456,736 495,805 515,323 533,815 574,643 40 39 Total domestic net assets at year end 40 Memo: Gross National Product Data are in millions of dollars. • October 1987 All Sectors—Flows All Sectors—Flows 33 Stock-Flow Reconciliation for Consolidated Domestic Net Assets Annual Flows Annual Flows 1965 1966 1967 1968 1969 1970 Domestic investment flows: 1 2 3 144 1 ,905 91,,280 53,,625 156,,473 95 ,666 60 ,807 179,,610 100,,628 78,,982 197,,135 107,,489 89,,646 196,,314 116,,768 79 ,546 218 ,006 127 ,999 90 ,007 239,,444 141,,450 97,,994 4 5 4 ,053 57,,678 5 ,916 66 ,723 4 ,973 83,,955 3,,660 93,,306 2 ,379 81 ,925 1 ,049 91 ,056 -1,,118 96 ,876 234 ,465 Purchase of physical assets 154 ,577 - Capital consumption 79 ,888 = Net capital formation 2 ,980 • Net foreign investment 82 ,868 = Net investment flows by domestic sectors 1 2 3 4 5 Adjustments for tangible assets: -5,974 12,995 12,863 20,681 11,915 20,890 45,466 41,950 36,010 16,556 95,372 25,691 91,792 27,838 -3 -2 -2 -2 -2 -4 -1 9 10 -465 2,242 11 225 -292 -400 -305 698 2,097 1,565 12 1,105 678 759 720 1,308 1,569 1,549 949 — — 613 — 1,115 — 1,753 Revaluations of reproducible 77,387 tangible assets 17,808 Change in land values Less: Adjustments of capital consumption to Balance Sheet basis Adjustments to net foreign investment: -1,028 Reval. of net foreign claims Reval. of SDR holdings — Foreign purchases of 697 U.S. corporate equities - U.S. purchases of 1,076 foreign equities 9 10 11 12 13 63, 357 101, 541 116,,321 180,,648 134,,496 213,,766 218,,276 = Net change in consolidated domestic net worth 176,,656 14 63, 357 101,,541 116,,321 180,,648 134,,496 213,,766 218 ,276 By sector: 176,,656 Total, all sectors 15 16 17 18 19 20 21 66,,301 159,,983 133,,127 2,,335 6,,267 14,,067 4,,187 107,,709 182,,100 137,,629 5,,237 9,,708 22,,997 6,,529 117,,535 216,,944 161 ,619 10 ,805 9 ,346 29 ,882 5 ,292 180,,578 145,,171 74,,424 9,,215 19,,991 40,,220 1,,321 153,,545 332,,934 272 ,192 9,,435 7 ,368 37 ,145 6 ,794 224,,643 410,,075 322,,633 12,,329 20,,558 45,,820 8,,735 210 ,898 127 ,831 40 ,709 11 ,905 18 ,105 58 ,628 -1 ,516 190,,266 Private sectors, consolidated 200,,105 Sector basis, total Households 129 ,892 Farm business 5 ,185 Nonfarm noncorp. business 12,,445 Nonfinancial corp. business 53 ,840 Private finan. institutions -1 ,257 15 16 17 18 19 20 21 22 23 24 8 ,438 1,,637 6 ,801 14,,578 -616 15,,194 19 ,395 374 19 ,021 28 ,561 -743 29,,304 16 ,143 -907 17 ,050 32,,024 -1,,892 33,,916 29 ,176 - 4 ,415 33 ,591 17 ,267 - Change in eq.in noncorp.bus Proprietors' net invest. -5 ,540 Revaluation of equity 22 ,807 23 24 25 26 27 72,,511 -3,,018 75,,529 46,,996 -1,,626 48,,622 64 ,803 —41,862 69 ,665 -59 ,573 - 3 ,348 -56 ,225 135 ,399 - 5 ,924 141 ,323 130,,619 -10,,488 141 ,107 -107 ,827 -6 ,757 -101 ,070 -16 ,459 - Change in HH corp. equities Net purchases - 2 ,645 Revaluation -13 ,814 25 26 27 28 29 30 12,,733 3 ,896 8 ,837 12,,817 3,,913 8,,904 15 ,211 6 ,020 9 ,191 —4,,395 5 ,708 -10 ,103 27 ,847 9 ,011 18 ,836 22,,789 10,,782 12 ,007 - 4 ,416 11 ,830 -16 ,246 9 ,031 - Change/fin.inst.corp.shares Net purchases 10 ,947 Revaluation -1 ,916 28 29 30 31 32 33 34 35 -3,628 -2,019 -1,668 59 -6,912 -3,042 -3,919 49 -3,622 -2,905 -772 55 -4,621 -2,463 -2,204 46 -18,288 -4,803 -13,527 42 -14,523 -5,114 -9,424 15 -3,776 -9,997 6,186 35 + Change in net finan. assets of -16,467 public sectors -4,674 State 8 local governments -11,810 U.S. government 17 Sponsored credit agencies Monetary authority 31 32 33 34 35 36 37 38 605 598 -519 1,395 -675 24 1,241 1,485 -318 -2,104 159 6,636 376 -874 -263 1,121 3,287 -762 3,896 9,624 -2,366 239 5,204 -2,586 39 1760,084 1861,625 1977,946 2158,594 2293,090 2506,856 2725,132 2901,788 40 606,898 649,774 705,099 771,982 816,382 892,652 Data are in millions of dollars. • Other adjustments: Nonfinancial discrepancy 36 Unallocated financial flows 37 Unallocated revaluations 38 Total domestic net assets at year end 1015,458 Memo: Gross National Product 39 40 October 1987 All Sectors—Flows 34 All Sectors—Flows Stock-Flow Reconciliation for Consolidated Domestic Net Assets Annual Flows Annual Flows 977 1978 Domestic investment flows: 1 Purchase of physical assets 2 - Capital consumption 3 = Net capital formation 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,,848 622,,423 376 ,700 245,,723 1 2 3 4 + Net foreign investment 5 = Net investment flows by domestic sectors -10,,496 90,,191 -6,,962 121,,896 4 ,486 166 ,439 - 7 ,497 125 ,786 24,,034 110,,166 14,,751 156,,102 -16,,532 179,,316 -2,,467 243,,256 4 5 116,625 59,543 220,722 96,848 428,321 130,780 220,592 83,277 257,879 149,558 358,044 229,917 545,636 251,623 Adjustments for tangible assets: Revaluations of reproducible 6 tangible assets 111.737 7 Change in land values 28,839 Less: Adjustments of capital consumption 8 to Balance Sheet basis -2 Adjustments to net foreign investment: 9 Reval. of net foreign claims 118 10 Reval. of SDR holdings Foreign purchases of 11 U.S. corporate equities - U.S. purchases of 12 foreign equities -1 7,369 36 -1,309 -158 2,481 -19 -3,135 116 4,280 9 65 10 2.763 539 4,667 2,753 2,675 2,422 11 672 -519 -921 355 408 -351 12 700 983 -2,004 1,382 836 2,434 1,113 619 = Net change in consolidated 13 domestic net worth 1047,634 13 By sector: 14 Total, all sectors 230,,610 301,,562 485,,481 693,,351 418,,157 568 ,402 766 ,526 1047 ,634 14 15 Private sectors, consolidated 16 Sector basis, total Households 17 18 Farm business 19 Nonfarm noncorp. business Nonfinancial corp. business 20 Private finan. institutions 21 257,,519 429,,616 316,,381 9,,010 22,,951 70,,175 11,,099 319,,434 499,,915 360,,079 23,,660 32,,330 74 ,273 9,,573 483 ,575 347 ,674 129 ,964 45 ,634 52,,827 116 ,294 2,,955 736,,700 611,,803 216,,283 58,,969 70,,682 269 ,617 -3,,748 491,,777 765,,166 543,,000 38 ,753 40,,667 147,,897 -5,,151 617 ,218 872 ,396 598 ,804 44 ,362 65 ,589 145 ,996 17 ,645 807 ,165 924 ,724 571 ,368 72 ,403 102 ,497 163,,381 15,,075 1065,,223 1305,,630 806,,755 62,,565 152,,014 253,,442 30,,854 31,,331 -3,,611 34,,942 54 ,333 -7,573 61,,906 95,,267 -6 ,869 102,,136 125,,523 -14,,527 140,,050 76,,707 -13,,818 90,,525 106 ,846 -23 ,263 130 ,109 169 ,832 -27 ,308 197 ,140 210,,199 22 -29,,770 23 239,,969 24 25 - Change in HH corp. equities Net purchases 26 Revaluation 27 95,,308 -5,,249 100,,557 84,,026 -8 ,008 92 ,034 -198,,425 - 2 ,466 -195,,959 -203,,697 107 -203,,804 138,,747 -3,,528 142,,275 111,,989 493 111,,496 -44,,338 -7,,772 -36,,566 -4,,149 25 -13,,054 26 8,,905 27 28 - Change/fin.inst.corp.shares Net purchases 29 30 Revaluation 45,,458 19,,587 25,,871 42 ,122 21,,527 20,,595 -32,,743 11 ,696 -44,,439 -46,,723 4,,974 -51,,697 57,,935 11,,691 46,,244 36 ,343 11 ,490 24 ,853 - 7 ,935 10 ,944 -18,,879 34,,357 28 12, 322 29 22,,035 30 -33,085 -10,051 -23,129 95 -17,436 134 -17,716 146 -3,682 3,162 -7,105 261 -16.904 -5,235 -12,137 468 -82,161 -7,496 -74,936 271 -56,417 1,554 -58,302 331 -39,740 15,814 -55,909 355 -2,958 5,304 3,830 1,204 -3,013 1,373 4,303 2,801 -1,516 9,730 -4,132 -32,043 -2,490 7,736 3,295 -3,601 13,207 -2,005 8 -657 -250 1,896 36 19,613 37 -2,488 38 3919,441 4612,792 5030,949 5599,351 6365,877 7413,511 39 1359,316 1472,807 1598,426 1782,792 1990,504 2249,677 40 22 - Change in eq.in noncorp.bus. Proprietors' net invest. 23 Revaluation of equity 24 31 32 33 34 35 + Change in net finan. assets of public sectors State 8 local governments U.S. government Sponsored credit agencies Monetary authority 36 37 38 • Other adjustments: Nonfinancial discrepancy Unallocated financial flows Unallocated revaluations 39 Total domestic net assets at year end 40 Memo: Gross National Product Data are in millions of dollars. -36,610 2,350 -39,480 520 - 15 16 17 18 19 20 21 31 32 33 34 35 October 1987 All S e c t o r s - F l o w s All S e c t o r s - F l o w s Stock-Flow Reconciliation for Consolidated Domestic Net Assets 35 Annual Flows 1979 Annual Flows 9 1 80 1981 1982 1983 1984 1985 1986 Domestic Investment flows: 1 2 3 673,,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 1000,,400 652,,188 348,,212 1010,,300 692,,172 318,,128 1073,375 Purchase of physical assets 731.700 - Capital consumption 341,675 = Net capital formation 1 2 3 4 5 25,,898 268,,983 31,,233 196,,271 27 ,395 232,,430 30,,834 132,,206 -28,,350 140,,076 -71,,703 276,,509 -105,,374 212,,754 -127,540 + Net foreign investment 214,135 = Net investment flows by domestic sectors 4 5 520,058 317,357 ... , 611,437 334,618 v a 64,860 -47,863 l 233,552 281,990 „ ,9 . ... ~ 52? -534 ._ -13,705 -142 11 1,659 Adjustments for tangible assets: , 6 7 R e 540,942 361,246 8 10 12 13 ""2 , 1,0<.5 1103,,891 „ 4,<.07 -347 13 -23,924 -220 27 -16,622 -317 u a 177,213 156,719 11 -3,353 -388 t i 103,938 50,570 32 8,933 749 5.357 5,761 3,904 5.410 -2.981 4.969 2,366 213 1,370 3,683 944 3,689 1131 ,471 1144,,028 127 ,580 640,,379 602 ,764 o n s of reproducible 212,570 tangible assets 182,783 Change in land values Less: Adjustments of capital consumption -14 to Balance Sheet basis 8 Adjustments to net foreign investment: 1,711 Reval. of net foreign claims 830 Reval. of SDR holdings 9 10 Foreign purchases of 17,757 U.S. corporate equities - U.S. purchases of 741 foreign equities 6 7 11 12 378 ,192 = Net change in consolidated 629 ,059 domestic net worth 13 By sector: 629 ,059 Total, all sectors 14 14 1103,,891 1131 ,471 1144,,028 127 ,580 640 ,379 602 ,764 378 ,192 15 16 17 18 19 20 21 1138,,366 1601,,675 1013,,131 94,,740 184 ,423 277,,208 32,• 173 1226 ,091 1911 ,599 1218 ,118 110 ,037 206 ,693 341 ,519 35 ,232 1193,,657 1411,,151 810,,466 66,,069 223,,285 304,,137 7,,194 306 ,657 534 ,774 416 ,214 - 7 ,104 30 ,520 91 ,853 3 ,291 844 ,616 1171 ,301 1006 ,321 -43,,479 86,,290 99,,796 22,,373 821 ,273 881 ,861 699 ,315 - 9 ,680 68 ,114 88 ,320 35 ,792 597 ,746 1096 ,382 1053 ,522 -107 ,263 65 ,240 30 ,400 54 ,483 22 23 24 272,,532 -44,,016 316,,548 309 ,027 -49 ,120 358 ,147 284,,729 -28,,779 313,,508 23 ,913 -45 ,257 69,,170 45,,855 -89,,474 135,,329 59,,112 -72,,780 131,,892 - 3 4 ,515 -65 ,781 31 ,266 -17 ,530 -84,,897 67,,367 25 26 27 150,,507 -22,,653 173,,160 299,,219 -11,,954 311,,173 -62,,438 -45,,264 -17, 174 125,,621 -12,,134 137,,755 149,,524 -19,,894 169,,418 -3,,918 -79,,962 76,,044 366 ,395 -102 ,184 468 ,579 157,,746 -130,,380 288,,126 Change in HH corp. equities Net purchases Revaluation 25 26 27 28 29 30 40,,270 16,,795 23,,475 77,,262 23,,521 53,,741 -4,,797 30, 278 -35,,075 78,,583 25,,223 53,,360 131,,306 49,,079 82,,227 5,,394 17,,194 -11,,800 166,,756 31,,409 135,,347 162,,695 40,,915 121,,780 Change/fin.inst.corp.shares Net purchases Revaluation 28 29 30 31 32 33 34 35 -30,,190 -5,,084 -25,,662 556 - 7 4 ,478 -8,,559 -66,,256 337 -77, 279 -243 -77,,534 498 -154,,698 -2,,283 -153,,722 1,,307 -187,,732 2,,788 -191,,387 867 -169,,923 18,,081 -188,,871 867 -194,,208 19,,403 -212,,168 -1,,443 Ch • Change + in net finan. assets of -215,,521 public sectors 11,,094 State 8 local governments -228,,182 U.S. government 1,,567 Sponsored credit agencies Monetary authority 31 32 33 34 35 36 37 38 -164 -2,,668 -1,,453 - 6 ,075 -11,,223 -2,,844 -5,.216 22,,422 10, 444 75 -12,,702 -11,,752 -5,,325 -5,,105 -6,,075 -5,,400 -14,,689 -28,,497 5,,525 -14,,803 -16,,068 39 8517,,402 9648,,873 10792,,901 10920,,481 11560,,860 12163,,624 12541,,816 40 2508.170 2731,947 3052.632 3165,950 3405.800 3772.200 4010,350 Data are in millions of dollars. 847 ,155 Private sectors, consolidated 847,155 1150 ,066 ector basis, total 1093 ,524 Households -80 ,173 Farm business 57 ,031 Nonfarm noncorp. business 30 ,988 Nonfinancial corp. business 48 ,696 Private finan. institutions 4,,925 9,> 306 -16,,806 13170, 875 15 16 17 18 19 20 21 Change in eq.in noncorp.bus. 22 Proprietors' net invest. 23 Revaluation of equity 24 • Other adjustments: Nonfinancial discrepancy 36 Unallocated financial flows 37 Unallocated revaluations 38 Total domestic net assets at year end 4235,025 Memo: Gross National Product 39 40 October 1987 Sector Flow Summaries 36 Sector Flow Summaries Sector Detail on Stock-Flow Reconciliation Items Annual Flows Annual Flows 1947 1948 1949 1950 1951 1952 1953 1954 55. 472 30. 508 1. 611 4. 997 18. 107 249 69, 999 36, 223 6, 042 6, 729 20, 652 353 61, 521 38, 054 3, 662 4, 546 14, 902 357 85, 849 47, 761 5, 309 8, 358 24, 027 394 90, 342 47, 499 5, 778 6, 080 30,.554 431 82,.782 46, 779 3, 571 6, 460 25, 416 556 87, 600 51,>646 1,.445 7,.842 26,,235 432 86,,166 51,,995 2,,442 7,,812 23,,264 653 7 Capital consumption Households 8 Farm business 9 Nonfarm noncorp. business 10 Nonfinancial corp. bus. 11 Private finan. insts. 12 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 27,,777 3,,082 6,,255 15,,852 375 57,,591 7 30,,763 8 3,,192 9 6 ,462 10 16 ,765 11 409 12 13 Net capital formation Households 14 Farm business 15 Nonfarm noncorp. business 16 Nonfinancial corp. bus. 17 Private finan. insts. 18 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,,197 646 451 10,,576 204 34,,259 23,,869 -1,,637 1,,587 10,,383 57 28,,575 21,,232 -750 1,,350 6,,499 244 19 Net foreign investment Net financial investment: Private sectors Households Farm business Nonfarm noncorp. business Nonfinancial corp. bus. Private finan. insts. 9,,853 3,,018 1,,297 -2,,249 656 322 -1,,728 -3,,570 2.,726 -61 -1,,098 -5,>751 614 —4,,705 5,,597 -4,,184 -2,,275 -4,,814 971 4,,290 1,,780 -1,,570 170 3 ,070 840 -8,,567 3,,758 -2,,971 -3,,359 -7,,647 1,,652 554 10,,928 -3,,108 -385 - 8 ,824 835 7,,419 10,,361 -677 -451 -3,,462 1,,648 6,,819 9,,333 1,,586 -1,,587 -3,,994 1,,481 8,,240 6,,818 737 -1,,350 -798 2 ,833 20 21 22 23 24 25 Public sectors State & local governments U.S. government Sponsored credit agencies Monetary authority 14,,361 112 14,,215 28 6 7 ,669 -1,,048 8 ,657 8 52 - 5 ,211 - L ,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 -9 ,319 - 3 ,904 - 5 ,466 14 37 26 27 28 29 30 -938 54 2 ,218 1,,028 - 2 ,989 -68 1,,231 32 Reval. of physical assets Households 33 Farm business 34 Nonfarm noncorp. business 35 Nonfinancial corp. bus. 36 37 - Inventory valuation adj. Private finan. insts. 38 55 ,482 17 ,047 6 ,301 11 ,353 14 ,398 - 5 ,899 484 20 ,087 7 ,718 - 2 ,192 4 ,514 7 ,765 - 2 ,152 130 768 - 5 .272 -1 .651 7 ,667 ,893 1 .856 -13 38 ,869 14 ,266 6 ,514 3 ,396 9 ,508 - 4 ,965 220 32 ,535 12,,101 2 ,795 7 ,152 8 ,975 -1 ,199 313 11,,096 14,,197 -565 -4,,945 3 ,465 1 ,000 —56 2 ,052 - 2 ,068 1 ,087 185 1 ,641 -1 ,000 207 39 Revaluations by type of asset Residential structures 40 Plant and equipment 41 Inventories 42 Consumer durables 43 55 ,482 22 ,946 19 ,834 11 ,401 1 ,301 20 ,087 9 ,953 9 ,188 537 409 768 3 .696 2 .811 - 4 .963 -776 38 ,869 11 ,609 12 ,865 12 ,239 2 ,156 32 ,535 12 ,263 13 ,364 2 ,447 4 .461 11 ,096 7 ,989 5 ,118 - 3 .892 5 .905 2 ,052 768 1 ,917 633 -1 .266 44 Change in land values Households 45 Farm business 46 Nonfarm noncorp. business 47 Nonfinancial corp. business 48 Private finan. insts. 49 15 ,221 4 ,133 4 .746 3 ,074 3 .195 73 10 ,895 3 .147 3 ,012 2 ,248 2 .455 33 7 .685 911 1 .687 3 .134 1 .940 13 6 ,915 4 .582 - 2 .927 2 .275 2 ,932 53 22 ,108 3 ,801 11 ,966 2 ,894 3 .381 66 16 .905 3 .464 8 .809 1 .616 2 .983 33 910 .144 2 ,540 901 ,074 2 ,467 3 ,987 76 1 Purchases of physical assets Households 2 Farm business 3 Nonfarm noncorp. business 4 Nonfinancial corp. bus. 5 Private finan. insts. 6 20 21 22 23 24 25 26 27 28 29 30 31 Unallocated financial flows 50 Adj. to capital consumption Households 51 Farm business 52 Nonfarm noncorp. business 53 Nonfinancial corp. business 54 Private finan. insts. 55 56 57 58 59 >0 62 63 64 65 66 67 -1 153 65 -219 - 167 74 -241 -1 170 81 -252 - 176 87 -262 -1 -2 189 98 -289 - - - 195 105 -301 2 -1 198 112 -311 2 -1 1 2 3 4 5 6 13 14 15 16 17 18 -260 19 819 31 2 ,637 -259 564 788 ,231 1 -300 13 32 33 34 35 36 37 38 2 ,637 39 4 ,256 40 ,952 41 -695 42 - 2 ,876 43 -889 ,664 3 ,478 -901,,582 3 ,010 5,,306 124 44 45 46 47 48 49 -3 200 118 -320 -1 50 51 52 53 54 55 Memo: Total gross domestic investment. 66 ,263 Flow of Funds basis 51 .902 Private sectors 33 .234 Households 1 .550 Farm business 3 .899 Nonfarm noncorp. business 12 .356 Nonfinancial corp. busines 863 Private finan. institution 72 .963 65 .294 41 .820 1 ,858 4 .454 15 .838 1 ,324 60 .600 65 .811 39 ,834 2 ,092 4 ,716 17 ,972 1 ,197 82 ,572 77 ,282 51 ,519 2 ,338 4 .999 16 ,380 2 ,046 93 ,987 89 ,788 58 ,427 2 ,670 5 .695 21 .730 1 ,266 83 .172 90 .201 57 ,140 2 ,894 6 .009 21 ,954 2 ,204 84 .641 94 .419 60 .979 3 .031 6 .255 22 ,241 1 .913 85,,087 94,,406 58,,813 3 ,179 6 ,462 22 ,466 3 .486 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 - 9 .319 - 3 .904 - 5 .466 14 37 63 64 65 66 67 Public sectors State 8 local governments U.S. government Sponsored credit agencies Monetary authority Data are in millions of dollars. October 1987 Sector Flow Summaries Sector Flow Summaries Sector Detail on Stock-Flow Reconciliation Items 37 Annual Flows Annual Flows 134, 670 Purchases of physical assets Households 72, 481 Farm business 4, 168 Nonfarm noncorp. business 13, 274 Nonfinancial corp. bus. 43, 765 Private finan. insts. 982 1 2 3 4 5 6 85, 200 46, 264 3, 734 8, 635 25,882 685 87, 799 Capital consumption Households 47, 620 Farm business 3, 762 Nonfarm noncorp. business 8, 864 Nonfinancial corp. bus. 827 26, Private finan. insts. 726 7 8 9 10 11 12 33,817 19,881 -23 3, 032 10, 584 343 46,871 Net capital formation Households 24, 861 Farm business 406 Nonfarm noncorp. business 410 4, Nonfinancial corp. bus. 16, 938 Private finan. insts. 256 13 14 15 16 17 18 1 2 3 4 5 6 108,591 63,418 2,351 9,526 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, 359 3, 548 10, 086 37,845 807 119, 017 66, 145 3, 711 11, 667 36, 466 1, 028 7 8 9 10 11 12 60,650 32,353 3,300 6,778 17,785 434 67,517 36,142 3,485 7,355 20,032 503 72,918 38,934 3,599 7,784 22,048 553 76, 260 40, 980 3, 659 7, 986 23, 059 576 79,780 43,078 3,732 8,226 24,135 609 82, 586 44, 591 3, 740 8, 469 25, 134 652 13 14 15 16 17 18 47,941 31,065 -949 2,748 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, 768 -192 1, 617 12, 711 155 19 2, 264 Net foreign investment Net financial investment: Private sectors Households Farm business Nonfarm noncorp. business Nonfinancial corp. bus. Private finan. insts. 20 21 22 23 24 25 Public sectors State 8 local governments U.S. government Sponsored credit agencies Monetary authority 26 27 28 29 30 19 26 -1,323 4,569 356 -1,878 1,806 2, 832 20 21 22 23 24 25 -2,842 4,509 916 -2,748 —6,915 1,396 2,578 12,125 138 172 -11,218 1,361 7,116 13,862 1,040 -1,765 -7,313 1,292 16, 981 16, 762 499 743 824 2, 285 4,229 11,478 -18 —2,664 -6,162 1,595 4, 946 12, 993 157 -1,,617 -91,042 2,,455 12,,352 17,,436 -6 -3,,032 -4,,864 2,,818 11,,931 18,,173 -407 -4,,410 -4,,614 3,,189 26 27 28 29 30 -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,,694 -3,,223 1<,469 31 29 - 9 ,625 —4 i ,068 - 5 ,670 46 67 ,243 —8 i -3,,292 - 5 ,052 55 46 31 3,124 -4,520 146 -809 652 - 1 ,446 105 - 1 ,424 32 33 34 35 36 37 38 20,998 2,987 1,211 4,253 10,438 -1,750 359 35,166 8,344 1,532 6,419 15,717 -2,675 479 8,614 -3,888 2,858 1,459 6,518 -1,525 142 8 ,775 3 ,423 1 ,413 1 ,740 1 ,888 250 61 4,400 -1,147 252 1,056 3,849 -277 113 - 2 ,977 - 3 ,952 1 ,524 649 - 1 ,651 -173 280 -1 ,549 - 1 ,596 1 ,027 -461 -363 271 115 96 Reval. of physical assets Households - 2 ,888 Farm business 1 ,884 Nonfarm noncorp. business ,091 1 Nonfinancial corp. bus. -541 Inventory valuation adj. 26 Private finan. insts. 576 32 33 34 35 36 37 38 39 40 41 42 43 20,998 8,151 13,706 1,576 -2,435 35,166 4,878 20,356 4,151 5,781 8,614 1,224 8,803 2,178 -3,591 8 ,775 2 ,785 2 ,416 1 ,518 2 ,056 4,400 1,042 4,274 -304 -612 - 2 ,977 905 - 1 ,991 734 - 2 ,625 -1 ,549 548 -49 -728 -1 ,320 96 Revaluations by type of asset Residential structures 355 Plant and equipment 2 ,398 Inventories 459 Consumer durables - 3 ,116 39 40 41 42 43 44 45 46 47 48 49 15,252 4,514 2,600 3,345 4,642 151 26,663 9,173 4,612 5,293 7,382 203 22,390 3,641 7,826 3,154 7,559 210 21 ,058 3 ,865 6 ,726 3 ,505 6 ,744 218 22,320 4,190 8,536 3,590 5,787 217 27 ,131 10 ,114 6 ,809 4 ,895 5 ,097 216 14 ,800 4 ,111 1 ,133 3 ,663 5 ,622 271 15 ,041 Change in land values Households 3 ,816 Farm business 5 ,574 Nonfarm noncorp. business 3 ,514 Nonfinancial corp. business 1 ,916 Private finan. insts. 221 44 45 46 47 48 49 50 51 52 53 -1 206 125 -331 214 139 -352 -1 222 157 -380 1 229 168 -396 -3 244 183 -430 55 - -3 218 147 -369 2 -1 - 1 Adj. to capital consumption Households 256 Farm business 192 Nonfarm noncorp. business -448 Nonfinancial corp. business Private finan. insts. -1 50 51 52 53 54 55 1 - - - - 236 176 -413 1 - - 62 105,493 105,749 67,927 3,267 6,778 25,634 2,143 114,061 113,442 74,572 3,442 7,355 25,960 2,113 115,164 117,857 75,952 3,548 7,784 28,418 2,155 101 ,838 117 ,654 75 ,916 3 ,627 7 ,986 26 ,974 3 ,151 120,450 127,209 80,872 3,695 8,226 31,798 2,618 124 ,897 126 ,591 82 ,352 3 ,705 8 ,469 28 ,803 3 ,262 121 ,744 131 ,369 83 ,581 3 ,705 8 ,635 31 ,602 3 ,846 63 64 65 66 67 -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 -1,694 -3,223 1,469 31 29 -9,625 -4,068 -5,670 46 67 56 57 58 59 Data are in millions of dollars. Unallocated financial flows Memo: Total gross domestic investment, 138 ,358 Flow of Funds basis Private sectors 146 ,601 Households 90 ,654 Farm business 3 ,761 Nonfarm noncorp. business 8 ,864 Nonfinancial corp. busines 39 ,151 Private finan. institution 4 ,171 -8,243 -3,292 -5,052 55 46 Public sectors State & local governments U.S. government Sponsored credit agencies Monetary authority 31 56 57 58 59 60 61 62 63 64 65 66 67 October 1987 Sector Flow Summaries 38 Sector Flow Summaries Sector Detail on Stock-Flow Reconciliation Items Annual Flows Annual Flows 1963 1 Purchases of physical assets Households 2 3 Farm business 4 Nonfarm noncorp. business 5 Nonfinancial corp. bus. 6 Private finan. insts. 1964 1965 1966 1967 1968 1969 1970 144 ,905 79 ,017 4 ,637 15 ,332 44 ,573 1 ,346 156 ,473 85 ,057 3 ,985 15 ,926 50 ,075 1 ,430 179 ,610 92 ,321 6 ,458 17 ,351 61 ,603 1 ,877 197 ,135 97 ,436 5 ,897 16 ,254 75 ,300 2 ,248 196 ,314 98 ,269 7 ,046 17 ,243 71 ,188 2 ,568 218 ,006 113 ,974 6 ,351 18 ,622 74 ,064 4 ,995 239 ,444 121 ,503 6 ,780 22 ,901 83 ,248 5 ,012 234 ,465 119 ,405 7 ,387 23 ,695 78 ,884 5 ,094 7 Capital consumption 8 Households 9 Farm business 10 Nonfarm noncorp. business 11 Nonfinancial corp. bus. 12 Private finan. insts. 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 75 ,325 5 ,251 13 ,831 45 ,399 1 ,644 154 ,577 7 82 ,319 8 5 ,631 9 14 ,971 10 49 ,857 11 1 ,799 12 13 Net capital formation 14 Households 15 Farm business 16 Nonfarm noncorp. business 17 Nonfinancial corp. bus. 18 Private finan. insts. 53 ,625 29 ,495 830 6 ,177 16 ,571 552 60 ,807 33 ,168 92 6 ,357 20 ,627 563 78 ,982 38 ,279 2 ,412 7 ,250 30 ,144 897 89 ,646 40 ,475 1 ,609 5 ,404 41 ,019 1 ,139 79 ,546 36 ,496 2 ,494 5 ,629 33 ,632 1 ,295 90 ,007 46 ,355 1 ,499 6 ,039 32 ,616 3 ,498 97 ,994 46 ,178 1 ,529 9 ,070 37 ,849 3 ,368 79 ,888 37 ,086 1 ,756 8 ,724 29 ,027 3 ,295 1 2 3 4 5 6 13 14 15 16 17 18 19 Net foreign investment Net financial investment: Private sectors Households Farm business Nonfarm noncorp. business Nonfinancial corp. bus. Private finan. insts. 4 ,053 5 ,916 4 ,973 3 ,660 2 ,379 1 .049 - 1 ,118 6 ,867 18 ,826 -947 - 6 ,177 - 5 ,786 951 13 ,761 24 .855 -102 -6 ,357 — 61,903 2 ,268 6 ,981 26 ,851 - 2 ,366 - 7 ,250 -11 ,417 1 ,163 7 ,551 32 ,219 -1 ,527 - 5 ,404 -18 ,350 613 21 ,767 42 ,948 - 2 ,453 - 5 ,629 -14 ,159 1 ,060 12 ,387 36 ,585 - 1 .456 - 6 ,039 - 1 8 ,092 1 ,389 - 7 ,067 28 ,326 -1 ,468 -9 ,070 -20 ,954 - 3 ,901 15 ,366 52 ,393 -1 ,748 - 8 ,724 -20 ,757 - 5 ,798 20 21 22 23 24 25 26 27 28 29 30 < — 3 t412 -2,,019 - 1 ,507 59 55 - 7 ,170 -3 ,042 - 3 ,710 49 -467 - 3 ,493 - 2 ,905 -669 55 26 - 4 ,050 - 2 ,463 -1 ,651 46 18 -18 ,514 —4 ,789 -13 ,795 42 28 -14 ,625 - 5 ,010 - 9 ,651 15 21 - 3 ,675 -9 ,997 6 ,247 35 40 - 1 7 ,590 - 4 ,674 -12 ,954 17 21 26 27 28 29 30 598 -675 1 ,485 159 -874 3,,287 9 ,624 32 Reval. of physical assets 33 Households 34 Farm business 35 Nonfarm noncorp. business 36 Nonfinancial corp. bus. 37 - Inventory valuation adj. 38 Private finan. insts. - 5 ,974 - 6 ,719 710 -1,,858 1.,783 54 164 12,,863 3,,484 475 3,,315 4 ,431 -494 664 11 ,915 -3,,613 3 ,571 3,,294 6,,699 -1,,245 719 45 ,466 17,,797 1,,660 9 ,806 13,,508 -2,,107 588 36 ,010 14,,025 1,,272 5,,098 13,,609 -1,,554 452 95,,372 43,,437 4 ,780 17,,149 27,,035 -3,,651 -680 91 ,792 36 ,179 6 ,579 15,• 473 28,,472 -5,,870 -781 77 ,387 27 ,030 2 ,123 11 ,310 30 ,911 -6,,552 -539 32 33 34 35 36 37 38 39 Revaluations by type of asset 40 Residential structures 41 Plant and equipment 42 Inventories 43 Consumer durables -5,,974 -7,,506 2,,976 -56 -1.,388 12 ,863 i 10, 485 6,,094 466 -4,,182 11,,915 4,,502 11,,495 3,,760 -7,,842 45,,466 24,,842 19,,421 1,,941 738 36,,010 13,,199 17,,394 1,,953 3,,464 95,,372 50,,563 34,,259 6,,470 4,,080 91,,792 41,,964 35,,668 10,,870 3. 290 77,,387 20,,312 43,,480 4,,797 8, 798 39 40 41 42 43 44 Change in land values 45 Households 46 Farm business 47 Nonfarm noncorp. business 48 Nonfinancial corp. business 49 Private finan. insts. 12,,995 2,,883 4, 450 3.,507 1, 973 182 20, 681 5,,831 71 279 4, 218 3, 091 262 20,,890 4,,823 8,,616 3,,968 3,,251 232 41,,950 20,,096 9, 584 8,,443 3,,654 173 16, 556 5,,435 8. 674 2, 252 234 -39 25,,691 13,,134 7,,552 4,,858 26 121 27, 838 12, 099 6, 238 5, 627 3. 654 220 17,808 7, 459 3, 508 4, 057 2, 651 133 44 45 46 47 48 49 50 Adj. to capital consumption 51 Households 52 Farm business 53 Nonfarm noncorp. business 54 Nonfinancial corp. business 55 Private finan. insts. -3 270 203 475 -2 286 212 499 -2 337 245 -583 -1 -2 361 265 -629 1 —4 393 288 684 -1 -1 444 320 -765 -1 -2 308 227 537 1 -1 Memo: Total gross domestic investment* Flow of Funds basis 148. 360 Private sectors 151, 772 Households 97, 843 Farm business 3, 690 Nonfarm noncorp. business 9, 155 Nonfinancial corp. busines 38, 787 Private finan. institution 2, 297 163, 064 170, 234 109, 912 3,883 9, 569 43, 172 3, 698 183, 098 186, 591 119, 172 4, 092 10, 101 50, 186 3, 040 200, 636 204, 686 129, 655 4, 370 10,850 56, 950 2,861 199, 567 218, 081 141, 217 4, 593 11, 614 57, 029 3, 628 215, 768 231, 723 150, 559 4,895 12, 583 57, 302 6. 384 228, 702 232, 421 149,829 5, 312 13,831 62, 338 1, 111 232, 241 250, 160 171, 798 5. 639 14, 971 58, 456 -704 56 57 58 59 60 61 62 -7, 170 -3, 042 -3, 710 49 -467 -3, 493 -2, 905 -669 55 26 - 4 , 050 - 2 ,463 - 1 , 651 46 18 -18,514 - 4 , 789 -13, 795 42 28 -15, 955 - 5 , 010 -10, 981 15 21 - 3 , 719 - 9 , 997 6,203 35 40 -17, 919 - 4 , 674 -13,283 17 21 63 64 65 66 67 20 21 22 23 24 25 31 56 57 58 59 62 63 64 65 66 67 Public sectors State £ local governments U.S. government Sponsored credit agencies Monetary authority Unallocated financial flows Public sectors State 8 local governments U.S. government Sponsored credit agencies Monetary authority Data are in millions of dollars. -3, 412 - 2 , 019 - 1 , 507 59 55 -1 - 2 ,980 19 5 ,204 31 50 469 51 349 52 817 53 54 - 1 55 October 1987 Sector Flow Summaries Sector Flow Summaries 39 Sector Detail on Stock-Flow Reconciliation Items Annual Flows Annual Flows 1978 1 2 3 4 5 6 270.070 140.873 9.141 30.169 84,397 5,490 313. 207 164. 170 9» 276 39. 139 94. 064 6. 558 363. 507 183. 396 14. 082 42. 492 115. 8 2 0 7. 717 364. 616 180. 396 11. 211 32. 931 132. 086 7, 992 354. 920 193, 876 16. 904 25. 609 110. 931 7. 600 439, 142 237. 517 13. 570 27. 350 152. 947 7, 758 528, 552 284. 225 19. 088 39, 282 177. 135 8 98 2 2 622.423 622. 423 Purchases of physical assets Households 327. 703 Farm business 20. 8 7 0 Nonfarm noncorp. business 47. 366 Nonfinancial corp. bus. 215, 024 Private finan. insts. 11. 460 7 8 9 10 11 12 169,383 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, 5 6 7 7, 228 19, 965 65, 223 2,,571 231, 333 120. 8 2 8 8. 308 22, 677 76, 301 3, 219 268, 788 137, 106 9, 789 26, 107 91, 8 7 8 3,,908 297, 791 151, 657 10, 771 28, 514 102,.301 4,.548 332, 704 169, 015 12, 099 31, 945 114. 321 5,.324 376, 700 190, 344 13, 5 5 7 36..564 129,.844 6.,391 :apital consumption Households Farm business Nonfarm noncorp. business Nonfinancial corp. bus. Private finan. insts. 7 8 9 10 11 12 13 14 15 16 17 18 100,687 50.672 3.199 13.743 29,614 3,459 128,,858 66 ,793 2 • 671 21 ,150 33 .953 4 ,291 161,,953 76 ,829 6 ,854 2 2 ,527 5 0 .597 5 ,146 133,,283 59,,568 2,,903 10 ,254 55 ,785 4 ,773 86,,132 56,,770 7,,115 -498 19 ,053 3 .692 141,,351 85,,860 2,,799 -1,,164 50 ,646 3 ,210 195,,848 115,,210 6 ,989 7 ,337 62 ,814 3 ,498 245.723 245,,723 Net capital formation Households 137,,359 Farm business 7 ,313 Nonfarm noncorp. business 10 ,802 Nonfinancial corp. bus. ,180 85 Private finan. insts. 5 ,069 13 14 15 16 17 18 19 -10,496 - 6 ,962 4 ,486 - 7 ,497 24 ,034 14 ,751 - 1 6 .532 20 21 22 23 24 25 Public sectors State 8 local governments U.S. government Sponsored credit agencies Monetary authority 26 27 28 29 30 20 21 22 23 24 25 17,479 48,243 -3.184 -13.743 -15,010 1,173 14 ,431 58 .573 - 2 .499 - 2 1 .150 - 1 6 .949 - 3 .544 6 ,022 65 ,036 — 6 .255 - 2 2 ,527 - 3 0 ,908 676 10 ,822 8 0 .775 - 2 .681 - 1 0 ,254 - 5 2 ,334 - 4 ,684 97 ,848 111 ,715 - 6 ,568 498 7 ,567 - 1 5 ,364 58 ,842 8 3 .112 - 2 ,355 1 ,164 - 2 3 ,651 572 23 .706 67 ,589 - 6 ,698 - 7 ,337 - 3 3 ,768 3 ,920 - 2 ,467 Net foreign investment Net financial investments Private sectors 14 ,078 Households 72 ,041 Farm business - 6 .411 Nonfarm noncorp. business - 1 0 ,802 Nonfinancial corp. bus. - 5 3 .603 Private finan. insts. 12 .853 26 27 28 29 30 -33.279 -10.051 -23,269 95 -54 - 1 8 .380 134 - 1 8 .761 146 101 - 4 ,337 2 ,266 - 6 ,996 261 132 - 1 4 ,187 - 5 ,235 - 9 ,550 468 130 - 8 1 .550 - 7 .496 - 7 4 ,561 271 236 - 5 7 .298 1 .554 - 5 9 .231 331 48 - 3 9 .581 15 .814 55 .973 355 223 - 3 6 ,158 2 .350 - 3 9 .708 520 680 19,613 Unallocated financial flows 1 2 3 4 5 6 19 31 32 33 34 35 36 37 38 111.737 43.790 7.404 19,682 36,296 -4,584 -19 116.625 47,731 13.693 17,880 31,863 -6,610 -1,152 2 2 0 , 722 8 6 , 209 24. 697 30. 604 59, 236 - 2 0 , 022 -46 428, 321 145, 218 14. 8 2 8 53. 028 171, 391 - 3 9 ,4 5 7 4 , 399 220. 592 78, 199 5. 662 29. 771 94, 511 — 10, 952 1, 497 257, 879 110,8 7 7 7. 692 46» 907 74, 435 - 1 4 , 911 3, 057 358, 044 164. 050 10. 969 65. 559 96. 636 - 1 6 . 637 4 , 193 545,636 Reval. of physical assets 220,464 Households 33.290 Farm business 96.813 Nonfarm noncorp. business 162,299 Nonfinancial corp. bus. - 2 5 . 2 9 8 - Inventory valuation adj. 7.472 Private finan. insts. 32 33 34 35 36 37 38 39 40 41 42 43 111,737 55,706 50.757 9,725 -4,451 116,625 61,492 41,660 17,312 -3,839 2 2 0 , 722 100, 4 7 8 68, 2 0 0 47, 436 4, 608 428, 321 120. 443 208, 8 4 3 *55, 255 43, 780 220, 592 76, 400 109. 914 11. 139 23, 139 257, 8 7 9 127. 8 0 5 97, 493 18, 436 14, 145 358, 044 190. 249 127. 227 21, 130 19. 438 545,636 Revaluations by type of asset 233.760 Residential structures 221,773 Plant and equipment 53.921 Inventories 36,182 Consumer durables 39 40 41 42 43 44 45 46 47 48 49 28,839 16,594 2.171 6,912 2,979 183 59,543 19,694 12.496 18,766 8,399 188 96,.848 35,.934 22,,415 25,,841 12,,407 251 130,,780 31,,762 49,,386 26,,233 22,,891 508 83,.277 18,.866 34,,973 23,,638 6,,125 -325 149, 558 57,.437 44,,086 33,,957 13,,932 146 229, 917 82, 172 67..816 57,,013 22,,653 263 251,623 Change in land values 105.596 Households 38.137 Farm business 73,228 Nonfarm noncorp. business 33,929 Nonfinancial corp. business 733 Private finan. insts. 44 45 46 47 48 49 50 51 52 53 54 55 505 373 -880 1 -1 548 421 -967 -2 -3 618 467 - 1 ,087 -1 368 549 -918 -1 423 672 - 1 ,093 -2 -1 -3 473 768 - 1 ,243 -1 -1 548 891 - 1 ,440 1 -1 - 1 Adj. to capital consumption 644 Households 1,027 Farm business -1,673 Nonfarm noncorp. business 1 Nonfinancial corp. business Private finan. insts. 50 51 52 53 54 55 56 57 58 59 60 61 62 254,270 288,266 189,116 5,957 16,426 70,104 6,663 309,258 328,550 222,743 6,777 17,989 78,027 3,014 365 ,192 372 ,697 248 ,432 7 .827 19 .965 8 8 .080 8 ,393 361 ,251 381 ,928 261 ,171 8 .530 22 .677 8 6 .242 3 ,308 371 ,218 454 ,091 305 .591 10 .336 26 .107 119 .821 - 7 .764 440 ,686 501 ,957 320 ,629 11 .215 2 8 ,514 133 ,269 8 .330 512 ,677 554 .728 351 .814 12 ,390 31 .945 145 .837 12 .742 63 64 65 66 67 -33,996 -10*051 -23,986 95 -54 -19,292 134 -19,673 146 101 - 7 ,505 2 ,266 - 1 0 ,164 261 132 - 2 0 ,677 - 5 ,235 - 1 6 ,040 468 130 - 8 2 .873 - 7 ,496 - 7 5 ,884 271 236 - 6 1 ,271 1 ,554 - 6 3 ,204 331 48 - 4 2 ,051 15 ,814 - 5 8 ,443 355 223 -2 -1 Data are in millions of dollars. Memo: Total gross domestic investment, 600,343 Flow of Funds basis 638,474 Private sectors 399,744 Households 14.459 Farm business 36.564 Nonfarm noncorp. business 163.394 Nonfinancial corp. busines 24,313 Private finan. institution -38,131 2,350 -41,681 520 680 Public sectors State 8 local governments U.S. government Sponsored credit agencies Monetary authority 56 57 58 59 60 61 62 63 64 65 66 67 Sector Flow Summaries October 1987 Sector Flow Summaries Sector Detail on Stock-Flow Reconciliation Items 40 Annual Flows Annual Flows 1979 1981 1982 1983 1073, 375 600, 902 10,046 90, 085 332, 026 40, 316 1 2 3 4 5 6 673, 799 356, 068 26, 235 44, 312 233, 552 13, 632 656,250 342, 695 14, 138 46, 593 238, 702 14, 122 755, 387 362, 050 24, 116 71.518 281, 684 16, 019 699,925 354,980 13,805 65,212 248,669 17,259 791,400 427,838 6, 682 70, 605 266, 904 19, 371 1000, 400 505, 319 21, 906 80, 444 363,013 29, 718 1010, 300 544, 119 7,555 83, 330 338, 382 36, 914 7 Capital consumption 8 Households 9 Farm business 10 Nonfarm noncorp. business 11 Nonfinancial corp. bus. 12 Private finan. insts. 430, 714 215, 204 15, 343 42. 935 149, 609 7,,623 491, 212 243, 638 17, 591 49,850 171.,262 8.,871 550, 352 264, 363 19, 363 57, 359 198, 782 10,,485 598,553 280,913 20,455 63,767 221,393 12,025 622, 974 295. 297 20, 781 65,,800 228,,196 12,,900 652, 188 309, 394 22, 168 67. 715 238. 436 14, 475 692, 172 332, 303 22, 001 70, 301 251, 167 16. 400 731, 700 7 356, 156 8 21, 306 9 72, 955 10 262,833 11 18.450 12 13 Net capital formation 14 Households 15 Farm business 16 Nonfarm noncorp. business 17 Nonfinancial corp. bus. 18 Private finan. insts. 243,.085 140.,864 10,,892 1,,377 83 • 943 6 ,009 165,,038 99,,057 -3,,453 - 3 ,257 67 ,440 5 ,251 205,,035 97,,687 4,,753 14 ,159 82 ,902 5 ,534 101,372 74,067 —6,650 1,445 27,276 5.234 168,,426 132 ,541 -14 ,099 4 ,805 38 ,708 6 ,471 348,,212 195,,925 -262 12,,729 124,,577 15,,243 318, 128 211,,816 -14,,446 13,,029 87,,215 20,,514 341, 675 244,,746 -11,,260 17,,130 69,,193 21,,866 1 Purchases of physical assets 2 Households 3 Farm business 4 Nonfarm noncorp. business 5 Nonfinancial corp. bus. 6 Private finan. insts. 13 14 15 16 17 18 -127 ,540 19 19 Net foreign investment Net financial investment: 20 Private sectors 21 Households 22 Farm business 23 Nonfarm noncorp. business 24 Nonfinancial corp. bus. 25 Private finan. insts. 25 ,898 31 ,233 27 ,395 30.834 -28 ,350 -71 ,703 -105 ,374 51 ,471 70 ,254 -9 ,977 -1 ,377 -22 ,816 15 ,387 113 ,821 131 ,693 3 ,918 3 ,257 -37 ,424 12 ,377 82 ,027 168 ,381 —4 ,530 -14 ,159 -61 ,831 -5 .834 197,733 244,231 7,147 -1,445 -38,139 -14.061 165 ,126 178 ,582 14 ,677 - 4 .805 -21 .554 -1 .774 116 ,327 224 ,419 930 - 1 2 ,729 -65 .125 -31 .168 112 ,149 153 ,532 15 ,303 -13 ,029 -37 ,286 —6 .371 80 ,740 150 ,542 11 ,899 -17 ,130 -49 ,015 -15 ,556 20 21 22 23 24 25 26 27 28 29 30 -22 ,905 516 -24 ,197 556 220 -71 ,365 - 8 ,559 -63 ,316 337 173 -77 ,054 -243 -77 ,758 498 449 -154,197 -2,283 -153,168 1,107 147 -188 ,371 2 ,788 -192 ,533 867 507 -173 ,341 18 ,081 -192 ,864 867 575 -202 ,720 19 ,403 -219 ,536 -1 ,443 -1 ,144 -217 ,586 10 ,094 -227 ,363 1 ,567 -1 ,884 26 27 28 29 30 -12,702 -5.105 -14.689 31 Public sectors State 8 local governments U.S. government Sponsored credit agencies Monetary authority -11.223 Unallocated financial flows 9,306 31 32 Reval. of physical assets 33 Households 34 Farm business 35 Nonfarm noncorp. business 36 Nonfinancial corp. bus. 37 - Inventory valuation adj. 38 Private finan. insts. 520,058 184,774 18,034 122,083 148,268 -43,175 3,724 611,437 188,929 31,021 132,034 208,599 -43,129 7,725 540,942 162,094 11,599 120,074 215,129 -24,189 7,857 64,860 -67, 382 5. 347 36.899 76,,115 -10,,350 3,,531 233,552 122,219 20, 367 51. 657 27. 781 -10,,900 628 177, 213 29. 455 2. 709 69, 587 67,833 -5,,800 1,,829 103, 938 25, 440 -1. 323 54. 763 28, 128 -750 -3,,820 212,570 115, 973 2, 451 47, 453 51. 112 6,550 2. 131 32 33 34 35 36 37 38 39 Revaluations by type of asset 40 Residential structures 41 Plant and equipment 42 Inventories 43 Consumer durables 520,058 235,073 160,521 73,626 50,838 611,437 216,391 259,484 72,804 62,758 540,942 207,064 269,025 25,714 39.139 64,,860 -57,,624 107 ,589 6 ,927 7 ,968 233,,552 151,,829 56 ,342 22 ,889 2 ,492 177 ,213 105 ,264 88 ,425 3 ,241 -19 ,717 103,,938 86,,578 34,,707 —4,,725 -12,,622 212. 570 143. 662 74, 061 -15,,763 10,,610 39 40 41 42 43 44 Change in land values 45 Households 46 Farm business 47 Nonfarm noncorp. business 48 Nonfinancial corp. business 49 Private finan. insts. 317,357 103,709 89,617 91,947 32,031 53 334,618 82,159 98,109 102,877 50,710 763 361.246 124.350 70,980 113,136 51,935 845 -47 ,863 -98 ,250 1 ,274 19 ,803 28 ,953 357 281 ,990 195 ,610 -45 ,939 105 ,329 26 ,502 488 156 .719 55 ,905 -15 ,023 75 ,592 39 ,049 1 ,196 50 ,570 51 ,608 -107 ,916 74 ,975 30 .784 1 .119 182,,783 139 ,799 -89 ,399 97 ,387 33 ,569 1 ,427 44 45 46 47 48 49 50 Adj. to capital consumption 51 Households 52 Farm business 53 Nonfarm noncorp. business 54 Nonfinancial corp. business 55 Private finan. insts. -2 -1 909 1,399 -2,308 -1 -2 773 1,193 -1,967 -1 1,030 1,570 -2,603 1 13 1 ,113 1 ,680 - 2 .782 9 -7 27 1 .160 1 .725 - 2 .878 -12 32 11 1 ,242 432 - 1 .653 6 -16 32 1 ,344 124 -1 ,427 11 -20 -14 1 ,433 126 -1 ,584 -12 23 50 51 52 53 54 55 Memo: Total gross domestic investment, Flow of Funds basis 702,365 Private sectors 730,015 Households 426,322 Farm business 16,258 Nonfarm noncorp. business 42,935 Nonfinancial corp. busines 215,481 Private finan. institution 29,019 698,706 775,068 474,388 18,056 49,850 206,275 26,499 760.360 842,261 530,431 19,586 57,359 224,700 10.185 743.461 905.449 599,211 20,952 63.767 218.321 3,198 768.155 964.311 606.420 21,359 65,800 253,135 17.597 943,386 1124,629 729,738 22,836 67,715 305,790 -1,450 919.729 1126,825 697,651 22,858 70,301 305,472 30,543 936,529 1161.309 751.444 21.945 72.955 290.205 24.760 56 57 58 59 60 61 62 -76,362 -8.559 -68.313 337 173 -81.901 -243 -82.605 498 449 -161.988 -2.283 -160.959 1.107 147 -196.156 2.788 -200.318 867 507 -181,243 18,081 -200.766 867 575 -207,096 19,403 -223.912 -1.443 -1.144 -224.780 10.094 -234.557 1.567 -1,884 63 64 65 66 67 56 57 58 59 60 61 62 63 64 65 66 67 Public sectors State 8 local governments U.S. government Sponsored c.adit agencies Monetary authority Data are in millions of dollars. -27,650 516 -28.942 556 220 October 1987 -Households Households 41 Sector Stock-Flow Reconciliation Statements Annual Flows Annual Flews 1949 1948 1947 1950 Households, Personal Trusts, and Nonprofit Organizations 1 33, 234 41. 820 39,834 51. 519 58, 427 57. 140 60, 979 58, 813 Gross inv.,Flow of Funds basis 1 z 13, 969 16, 083 17,853 19.848 23, 139 25, 582 27, 777 30, 763 - Capital consump. allow.,NIPA 2 5 4 5 6 3 19. 265 25, 737 21. 981 31, 671 35, 288 31, 558 33, 202 = Net investment flow, Balance Sheet basis 28, 050 176 20, 024 19, 848 189 23, 328 23, 139 195 25, 777 25, 582 198 27, 975 27, 777 200 - Depreciation valuation adj. Depreciation charges 30, 963 -Cap. consump. allow.. NIPA 30,,763 4 5 6 153 14, 122 13, 969 167 16,,250 16,,083 170 18,,023 17,,853 7 8 9 10 17, 047 33, 433 14, 122 30,,508 7,,718 27,,691 16,,250 36,,223 -5,,272 14,,759 18 ,023 38 ,054 14, 266 42,,003 20,,024 47,,761 12, 101 36, 272 23,,328 47-,499 14, 197 35,,199 25,,777 46,,779 -2, 068 21,,603 27,,975 51,,646 7 •259 + Reval. of physical assets Change in value 8 20,,773 Depreciation charges 9 30,,963 -Gross purchases, FOF basis 10 51,,995 11 12 13 14 17,,047 14,,318 1,,428 1,,301 7 ,718 6 ,995 314 409 -5,,272 —4 i ,325 -171 776 14,,266 11,,518 592 2,,156 12,,101 6,,861 779 4,,461 14,,197 6,,045 2,,247 5,,905 -2,,068 -632 -170 -1,,266 -259 2,,651 -34 - 2 ,876 15 4.,133 3 ,147 911 4,,582 3,,801 3 ,464 2 ,540 3 ,478 16 17 18 - 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 ,748 14 ,136 1 ,388 - 9 ,099 - 8 ,015 1 ,084 19 20 21 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 24 .868 26 .084 1 ,216 7 ,503 12 .284 4 ,781 10 .997 11 .676 679 9 ,104 13 ,460 4 ,356 23 ,856 25 ,663 1 .807 4 ,531 4 ,697 166 841 ,913 841 ,779 -134 25 1 -24 1 26 61 .911 41 ,849 37 ,061 82 ,988 95 .661 66 ,286 866 ,295 27 168 .779 188 ,150 187 ,941 207 ,475 227 .593 239 ,795 255 ,105 - - Pete ere in millions of dollars. - - Revaluation by type of asset Residential structures Nonres. plant £ equipment Consumer durables + Change in the value of land holdings 11 12 13 14 15 72 ,128 • Reval. of corporate equities 16 Change in value 17 72 ,605 -Net purchases 18 477 53 7 ,877 ,824 7 • Reval. of life insurance 8 pension fund reserves Change in value -Net acquisitions -833 ,836 • Reval. of noncorp. equity Change in value -835 ,677 -Net inv. in noncorp. bus. -1 .841 - 2 + Other revaluations -730 ,588 = Change in net worth 260 ,597 Memo: Disp. personal income 19 20 21 22 23 24 25 26 27 October 1987 Households 4 2 Households Sector Stock-Flow Reconciliation Statements Annual Flows Annual Flows 1955 1956 1957 1958 1959 1960 1961 1962 Households, Personal Trusts, and Nonprofit Organizations 1 Gross Inv.,Flow of Funds basis 67,, 927 74 ,572 75,,952 75,,916 80,,872 82 ,352 83,,581 90,,654 1 Capital consump. allow.,NIPA 32,, 353 36,,142 38,,934 40,,980 43,,078 44 ,591 46,,264 47,,620 2 = Net investment flow. Balance Sheet basis 35,,574 38 ,430 37,,018 34,,936 37,,794 37 ,761 37,,317 43,,034 3 - Depreciation valuation adj. Depreciation charges -Cap. consump. allow., NIPA 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,.264 256 47,,876 ,620 47, 4 5 6 7 + Reval. of physical assets 8 Change in value 9 Depreciation charges 10 -Gross purchases, FOF basis 2,,987 33,.846 32,,559 63,,418 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 ,952 20 ,580 44 ,827 69 ,359 -1,,596 18,,041 46,,508 66,,145 -2,,888 7 21,,717 8 47,,876 9 72,,481 10 Revaluation by type of asset Residential structures Nonres. plant 8 equipment Consumer durables 2,,987 4 ,501 921 -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,,952 -1 ,067 -260 - 2 ,625 -1,,596 -580 304 -1,,320 -2,,888 -202 430 -3,,116 2 - 3 4 5 6 11 12 13 14 + 15 Change in the value of land holdings 4,,514 9 ,173 3,,641 3 ,865 4,,190 10 ,114 4,,111 3,,816 15 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 - 6 ,527 -6 ,534 -7 104,,631 105,,346 715 -62,,259 16 -63 ,711 17 -1,,452 18 Reval. of life insurance 8 pension fund reserves Change in value -Net acquisitions 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 16,,284 12,,083 -3,,274 19 9,,750 20 13,,024 2: Reval. of noncorp. equity Change in value -Net inv. in noncorp. bus. 11 ,496 9 ,572 -1,,924 17 ,690 16 ,410 -1 ,280 14,,898 13 ,985 -913 13 ,085 13,,307 222 13,,239 10,,671 -2,,568 13,,628 11,,124 -2,,504 5,,556 6,,004 448 11,,934 22 12,,130 23 196 24 16 + Reval. of corporate equities 17 Change in value 18 -Net purchases • 19 20 21 22 23 24 + 11 12 13 14 25 + Other revaluations 2 2 1 1 410 14 -532 678 25 26 = Change in net worth 106 ,951 90 ,239 11,,541 162,,203 83,,643 50 ,890 153,,444 -9,• 215 26 27 Memo: 278 ,771 297 ,542 313 ,969 324 ,886 344,,629 358 ,928 373,,774 396,,167 27 Disp. personal income Data are in millions of dollars. October 1987 Households Households 43 Sector Stock-Flow Reconciliation Statements Annual Flows Annual Flows 1965 1966 Households, Personal Trusts, and Nonprofit Organizations 97,843 109, 912 119, 172 129, 655 141,217 150, 559 149,829 171,798 Gross inv.,Flow of Funds basis I 61, 773 67, 619 75, 325 82,319 - Capital consump. allow.,NIPA 2 79, 444 82, 940 74, 504 89,479 = Net investment flow. Balance Sheet basis 3 469 - Depreciation valuation adj. 82,788 Depreciation charges 82,319 -Cap. consump. allow., NIPA 4 5 6 49, 522 51,889 54, 042 56, 961 48, 321 58, 023 65, 130 72, 694 4 5 6 270 49, 792 49, 522 286 52, 175 51, 889 308 54, 350 54, 042 337 57, 298 56, 961 361 62, 134 61, 773 393 68, 012 67, 619 444 75, 769 75, 325 7 8 9 10 -6, 719 22, 506 49, 792 79, 017 3, 484 36, 366 52, 175 85, 057 -3. 613 34, 358 54, 350 92, 321 17, 797 57, 935 57, 298 97, 436 14, 025 50, 160 62, 134 98, 269 43, 437 89, 399 68, 012 113, 974 36, 179 81, 913 75, 769 121, 503 11 12 13 14 -6.,719 ,925 -5 ! 594 -1,, 388 3,,484 7,,040 626 -4,,182 -3,.613 2,,922 1,,307 -7,,842 17,,797 16,,470 2 ,065 -738 14, 025 9,,538 1,,023 3,,464 43,,437 35,,525 3,,832 4,,080 36,,179 28,,461 4,,428 3,,290 27,030 13,864 4,368 8,798 5 ,831 4 ,823 20 ,096 5,,435 13,,134 12 ,099 7,459 2 ,883 27,030 + Reval. of physical assets 7 63,647 Change in value 8 82,788 Depreciation charges 9 119,405 -Gross purchases, FOF basis 10 Revaluation by type of asset Residential structures Nonres. plant 8 equipment Consumer durables • Change in the value of land holdings 16 17 18 78 ,030 76 ,420 - 1 ,610 50 ,486 50 ,625 139 72 ,483 70 ,766 - 1 ,717 -60 ,141 -60 ,133 8 148 ,074 144 ,521 - 3 ,553 143 ,156 137 ,176 - 5 ,980 19 20 21 3 ,926 17 ,800 13 ,874 4 ,064 20 ,445 16 ,381 4 ,103 21 ,089 16 ,986 - 5 ,000 14 ,327 19 ,327 8 ,396 27 ,150 18 ,754 6 ,590 26 ,532 19 ,942 - 6 ,084 15 ,753 21 ,837 2,201 26,390 24,189 22 23 24 6 ,801 8 ,438 1 ,637 15 ,194 14 ,578 -616 19 ,021 19 ,395 374 29 ,304 28 ,561 -743 17 ,050 16 ,143 -907 33 ,916 32 ,024 -1 ,892 33 ,591 29 ,176 - 4 ,415 22,807 + Reval. of noncorp. equity 17,267 Change in value -5,540 -Net inv. in noncorp. bus. 25 155 833 -20 11 129 -147 956 26 133 ,127 137 ,629 161 ,619 74 ,424 272 ,192 322 ,633 40 ,709 27 415 ,834 451 ,413 486 ,808 525 ,910 562 ,092 609 ,582 656 ,687 15 -16,927 • Reval. of corporate equities 16 -17,536 Change in value 17 -609 -Net purchases 18 -110 ,092 -111 ,779 - 1 ,687 Data are in millions of dollars. 11 12 13 14 • Reval. of life insurance 8 pension fund reserves Change in value -Net acquisitions 19 20 21 22 23 24 -1,688 + Other revaluations 25 129,892 = Change in net worth 26 715,595 Memo: 27 Disp. personal income October 1987 Households 44 Households Sector Stock-Flow Reconciliation Statements Annual Flows Annual Flows 1973 1974 1975 1976 Households, Personal Trusts, and Nonprofit Organizations 1 Gross inv.,Flow of Funds basis 189 ,116 222 ,743 248 ,432 261 ,171 305 ,591 320 ,629 351 ,814 399 ,744 1 2 - Capital consump. allow.,NIPA 90 ,201 97 ,377 106 ,567 120 ,828 137 ,106 151 ,657 169 ,015 190 ,344 2 98 ,915 125 ,366 141 ,865 140 ,343 168 ,485 168 ,972 182 ,799 209 ,400 3 505 90 ,706 90 ,201 548 97 ,925 97 ,377 618 107 ,185 106 ,567 368 121 ,196 120 ,828 423 137 ,529 137 ,106 473 152 ,130 151 ,657 548 169 ,563 169 ,015 644 190 ,988 190 ,344 4 5 6 43 ,790 93 ,957 90,• 706 140,,873 47 ,731 113 ,976 97 ,925 164 ,170 86 ,209 162 ,420 107 ,185 183 ,396 145 ,218 204 ,418 121 ,196 180 ,396 78 ,199 134 ,546 137 ,529 193 ,876 110 ,877 196 ,264 152 ,130 237 ,517 164 ,050 278 ,712 169 ,563 284 ,225 220 ,464 7 357 ,179 8 190 ,988 9 327 ,703 10 43,,790 41,,857 6,, 384 -4,>451 47 ,731 46 ,296 5 ,274 -3,,839 86 ,209 74 ,411 7 ,190 4,,608 145 ,218 86 ,493 14 ,945 43 ,780 78 ,199 50 ,934 4 ,126 23,,139 110 ,877 89 ,335 7 ,397 14 ,145 164 ,050 134 ,076 10 ,536 19 ,438 220 ,464 159 ,383 24 ,899 36 ,182 3 = Net investment flow, Balance Sheet basis 4 - Depreciation valuation adj. 5 Depreciation charges 6 -Cap. consump. allow., NIPA 7 + Reval. of physical assets 8 Change in value Depreciation charges 9 10 -Gross purchases, FOF basis 11 12 13 14 15 Revaluation by type of asset Residential structures Nonres. plant & equipment Consumer durables • Change in the value of land holdings 16 + Reval. of corporate equities 17 Change in value 18 -Net purchases 19 20 21 + Reval. of life insurance 8 pension fund reserves Change in value -Net acquisitions 22 + Reval. of noncorp. equity 23 Change in value 24 -Net inv. in noncorp. bus. 25 + Other revaluations 11 12 13 14 16,,594 19,,694 35 ,934 31,,762 18,,866 57 ,437 82 ,172 105,,596 15 107, 935 103, 814 -4,.121 95,,423 87,,403 -8,,020 -207,,615 -211,,113 -3,,498 -214,,957 -215,,580 -623 149,,617 145,,684 -3,,933 116,,542 114,,676 -1,,866 -38 ,369 -45 ,420 -7,,051 9,,065 16 -3,,424 17 -12,,489 18 15, 451 43, 428 27, 977 11,,841 60, 292 48,,451 -25,,868 14,,018 39, 886 -29,,243 14,,466 43,,709 34,,895 106,,816 71,,921 15,,572 72,,214 56,,642 -16,,185 62,,375 78,,560 17,,554 19 112,,376 20 95,,022 21 34, 942 31, 331 -3. 611 61, 906 54,.333 -7, 573 102,,136 95, 267 -6,869 140,,050 125, 523 -14, 527 90, 525 76, 707 -13,818 130,,109 106,,846 -23,,263 197,,140 169,,832 -27,,308 239,,969 22 210,,199 23 -29, 770 24 741 -1, 334 -2, 079 3, 478 2,836 -232 309 5, 551 25 26 = Change in net worth 316, 381 360, 079 129, 964 216, 283 543, 000 598, 804 571, 368 806, 755 26 27 Memo* 776, 784 839, 596 949, 769 1038, 372 1142, 782 1252, 645 1379, 341 1551, 229 27 Disp. personal income Data are in millions of dollars. October 1987 Households Households 4 5 Sector Stock-Flow Reconciliation Statements Annual Flows Annual Flows 1981 1982 Households, Personal Trusts, and Nonprofit Organizations 1 426, 322 474, 388 530, 431 599, 211 606, 420 729, 738 697, 651 751,444 751, 444 Gross inv.,Flow of Funds basis 1 2 215, 204 243, 638 264, 363 280, 913 295, 297 309, 394 332, 303 356, 156 Capital consump. allow.,NIPA 2 3 211, 118 230, 750 266, 068 318, 298 311, 123 420, 344 365, 348 395, 288 4 5 6 773 215, 977 215, 204 909 244, 547 243, 638 1. 030 265, 393 264, 363 1, 113 282, 026 280, 913 1, 160 296, 457 295, 297 1,242 310, 636 309, 394 1, 344 333, 647 332, 303 1,433 357, 589 356, 156 7 8 9 10 184, 774 324, 865 215, 977 356, 068 188, 929 287, 077 244, 547 342, 695 162, 094 258, 751 265, 393 362,,050 -67, 382 5, 572 282, 026 354, 980 122, 219 253, 600 296, 457 427, 838 29, 455 224, 138 310, 636 505,,319 25, 440 235, 912 333, 647 544,,119 7 115, 973 + Reval. of physical assets Change in value 8 359, 286 Depreciation charges 9 357, 589 -Gross purchases, FOF basis 10 600, 902 11 12 13 14 184,,774 126,,907 7,,029 50,,838 188,,929 108,,863 17,,308 62,,758 162,,094 105,,579 17,,376 39,,139 -67,,382 -78,,854 3,,504 7,,968 122,,219 106,,748 12,,979 2,,492 29,,455 39,,438 9,,734 -19,,717 25,,440 32,,869 5,,193 -12,»622 115,,973 97,,204 8,, 159 10,,610 15 103,,709 82,,159 124,,350 -98,,250 195,,610 55 ,905 51 ,608 139,,799 484 ,173 451 ,745 - 3 2 ,428 296 ,495 320 ,184 23 ,689 = Net investment flow, Balance Sheet basis Depreciation charges -Cap. consump. allow., NIPA Revaluation by type of asset Residential structures Nonres. plant & equipment Consumer durables + Change in the value of land holdings 11 12 13 14 15 16 17 18 177 ,886 154 ,225 -23 ,661 317 ,352 306 ,481 -10 ,871 - 2 2 ,354 -61 ,858 -39 ,504 144 ,837 139 ,678 - 5 , 159 176 ,682 180 ,795 4 ,113 71 ,794 15 ,800 -55 ,994 19 20 21 14 ,423 116 ,257 101 ,834 40 ,225 158 ,728 118 ,503 - 2 7 ,833 90 ,078 117 ,911 41 ,833 180 ,833 139 ,000 61 ,934 215 ,525 153 ,591 -12 ,693 139 ,706 152 ,399 95 ,404 289 ,485 194 ,081 82 ,294 281 ,385 199 ,091 22 23 24 316 ,548 272 ,532 - 4 4 ,016 358 ,147 309 ,027 -49 ,120 313 ,508 284 ,729 -28 ,779 69 ,170 23 ,913 -45 ,257 135 ,329 45 ,855 - 8 9 ,474 131 ,892 59 ,112 - 7 2 ,780 31 ,266 -34 ,515 — 65 ,781 67 ,367 -17 ,530 -84 ,897 25 5 ,446 1 ,465 - 4 ,337 8 ,821 4 ,584 3 ,860 1 ,627 - 2 ,259 25 1013 ,131 1218 ,118 810 ,466 416 ,214 1006 ,321 699 ,315 1053 ,522 1093 ,524 26 1729 ,321 1917 ,973 2127 ,584 2261 ,425 2428 ,100 2668 ,600 2841 ,175 3022 ,050 27 26 27 Data are in millions of dollars. Change in value -Net purchases + Reval. of life insurance & pension fund reserves Change in value -Net acquisitions Change in value -Net inv. in noncorp. bus. 17 18 19 20 21 22 23 24 October 1987 Farm Business 4 6 Farm Business Sector Stock-Flow Reconciliation Statements Annual Flows Annual Flows 1947 1948 1949 1950 1951 1952 1953 1954 Farm Business 1 Gross inv.,Flow of Funds basis 1 ,550 1 ,858 2 ,092 2 ,338 2 ,670 2 ,894 3 ,031 3 ,179 1 547 3 ,277 560 1,,663 1 ,644 -271 -1 ,292 -1 ,637 2 1 ,500 1 ,817 2 ,069 2 ,305 2 ,671 2 ,925 3 ,082 3 .192 3 597 3 ,318 583 1,,696 1 ,643 -302 -1 ,343 -1 ,650 4 65 1 ,565 1 ,500 74 1 ,891 1 ,817 81 2 ,150 2 ,069 87 2,,392 2,,305 98 2 ,769 2 ,671 105 3 ,030 2 ,925 112 3 ,194 3,,082 118 3 ,310 3 ,192 5 6 7 Reval. of physical assets Change in value Depreciation charges -Gross purchases, FOF basis 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 91,431 2,,392 5,,309 2 ,795 5 ,804 2 ,769 5 ,778 -565 -24 3 ,030 3 ,571 1 ,087 -662 3 ,194 1 ,445 564 8 -304 9 3 ,310 10 2 ,442 11 Revaluation by type of asset Residential structures Nonres. plant 8 equipment Inventories 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 1 ,087 -197 1>,968 -684 Change in the value of land holdings 4 ,746 3 ,012 1 ,687 -2,,927 11 ,966 8 ,809 901,,074 2 • Proprietors' net investment 3 - Capital consump.allow., NIPA = Net investment flow. Balance Sheet basis 5 6 7 - Depreciation valuation adj. Depreciation charges -Cap. consump. allow., NIPA 8 9 10 11 + 4 12 13 14 15 + 16 17 • Other revaluations 18 = Change in net worth - 11 ,579 - 4 ,064 - - 538 - 5,,196 16 ,306 - - 564 24 1 ,831 -1,,291 -901,,582 16 - 7 ,837 900,,706 12 13 14 15 17 -902,,786 18 Nonfarm Noncorporate Business 1 Gross inv.,Flow of Funds basis 2 + Proprietors' net investment 3 - Capital consump.allow., NIPA Net investment flow, Balance Sheet basis 4 3 ,899 4,,454 4 ,716 4.,999 5 ,695 6 ,009 6,,255 6,,462 1 669 1.,504 119 2,,693 163 437 1,,158 -204 2 3 ,899 4,,454 4,,716 4,,999 5 ,695 6 ,009 6,,255 6,,462 3 669 1,,504 119 2. 693 163 437 1,,158 -204 4 5 6 7 - Depreciation valuation adj. Depreciation charges -Cap. consump. allow., NIPA -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 -320 6,,142 6,,462 5 6 7 8 9 10 11 + Reval. of physical assets Change in value Depreciation charges -Gross purchases, FOF basis 11 , 353 12,,670 3,,680 4 ,997 4,,514 7,,030 4,,213 6,,729 7,,667 7,,749 4,,464 4,,546 3, 396 7, 017 4. 737 8. 358 7,,152 7,,826 5,,406 6.,080 -4,,945 -4,,193 5 ,708 6,,460 185 2,,083 5, 944 7,842 788 8 2. 458 9 6, 142 10 7.812 11 Revaluation by type of asset Residential structures Nonres. plant & equipment Inventories 11.,353 6,,752 3<>186 1.,415 4,,514 2,.453 1,,347 714 7,,667 7,,824 321 -478 3, 396 139 2,• 005 1, 252 7,,152 4,,672 2,,232 248 -4,,945 2, 276 -2,,949 -248 185 1, 702 -1, 757 240 3,,074 2, 248 3,,134 2, 275 2,,894 1,,616 2, 467 -2 3 2 8, 505 11.,175 8, 628 12 13 14 15 + 16 17 • Change in the value of land holdings Other revaluations 18 = Change in net worth Data are in millions of dollars. - 15..315 - 10,,498 - -2. 591 1 4, 122 788 2, 135 -1, 447 100 12 13 14 15 3. 010 16 - 17 3, 914 18 October 1987 farm Business Farm Business 47 Sector Stock-Flow Reconciliation Statements Annual Flows Annual 1955 1956 1957 1958 1959 1960 1961 F l o w s 1962 Farm Business 1 3, 267 3, 761 Gross inv.,Flow of Funds basis 3,442 3, 548 3,627 3, 695 3, 705 3, 705 -939 -2,939 - 1 , 683 - 1 , 608 - 1 , 763 3,659 3, 732 3, 740 3, 734 3, 762 2 -2,431 -1 »183 - 2 , 365 3 3, 300 3, 485 3, 599 1 Proprietors' net investment 2 Capital consump.allow., NIPA 3 - Net investment flow, Balance Sheet basis 4 5 6 7 - 4 -2, 464 -1, 226 -2, 416 -971 -2,976 -1, 718 -1, 637 - 1 , 764 5 6 7 125 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 3, 917 3, 734 192 3, 954 3, 762 - Depreciation valuation adj. Depreciation charges -Cap. consump. allow., NIPA 8 9 10 11 1,211 137 3,,425 2, 351 1, 532 1,,212 3,,624 3,,304 2, 858 1, 620 3, 746 2,,508 1,413 1,723 3,816 4,126 252 65 3, 900 3, 713 1,,524 1,,156 3,,916 3,,548 1, 027 821 3, 917 3.,711 1,884 2, 098 3, 954 4, 168 + 8 Reval. of physical assets 9 Change in value 10 Depreciation charges -Gross purchases, FOF basis 11 12 13 14 15 1,,211 219 2,,507 -1,,515 1,,532 -9 1.,085 456 2,,858 -255 2,,431 682 1,413 -243 1,081 575 252 •153 919 -514 1,,524 -157 878 803 1,,027 •176 1,,039 164 1,,884 -142 1,,246 780 16 2 ,600 4,, 612 71,826 6,726 8.,536 6,,809 1,,133 5.,574 17 18 - 1 ,222 - 4 ,779 - 8 ,121 - - 7,011 - 5.,644 - 6 ,439 340 - 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 5 ,502 = Change in net worth 18 Nonfarm Noncorporate Business 1 1 6 ,778 7 ,355 7 ,784 7,986 8 ,226 8 ,469 8 ,635 8 ,864 Gross inv.,Flow of Funds basis 2 507 -97 1 ,452 1,161 371 -821 2 ,056 1 ,959 + Proprietors' net investment 2 3 6 ,778 7 ,355 7 ,784 7,986 8 ,226 8 ,469 8 ,635 8 ,864 - 4 507 371 -821 2 ,056 1 ,959 -380 7,606 7,986 -396 7 ,830 8 ,226 -413 8 ,056 8 ,469 -430 8 ,205 8 ,635 -448 8 ,416 8 ,864 - Depreciation valuation adj. Depreciation charges -Cap. consump. allow., NIPA + 8 Reval. of physical assets 9 Change in value 10 Depreciation charges -Gross purchases, FOF basis 11 -352 7 ,003 7 ,355 8 9 10 11 4 ,253 7 ,332 6 ,447 9 ,526 6 ,419 6 ,599 7 ,003 7 ,183 1 ,459 3 ,593 7 ,415 9 ,549 1,740 2,863 7,606 8,729 I ,056 4 ,116 7 ,830 10 ,890 649 2 ,679 8 ,056 10 ,086 -461 3 ,001 8 ,205 11 ,667 1 ,091 5 ,949 8 ,416 13 ,274 12 13 14 15 4 ,253 3 ,665 268 320 6 ,419 3 ,216 2 ,659 544 1 ,459 1 ,835 -637 261 1,740 1,699 -365 406 1 ,056 1 ,906 -295 -555 649 1 ,890 -803 -438 -461 1 ,492 -359 ,594 1 ,091 1 ,005 -120 206 16 3 ,345 5 ,293 3 ,154 3,505 3 ,590 4 ,895 3 ,663 3 ,514 -1 -2 1 9 -1 1 11 ,966 6 ,432 6,787 5 ,422 8 ,436 Data are in millions of dollars. 5 6 7 1,161 -331 6 ,447 6 ,778 18 4 1 ,452 5 6 7 - 3 Net investment flow, Balance Sheet basis -97 -369 7 ,415 7 ,784 17 Capital consump.allow., NIPA = - 5 ,136 5 ,687 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 7 ,013 = Change in net worth 17 18 October 1987 Farm Business 4 8 Farm Business Sector Stock-Flow Reconciliation Statements Annual Flows Annual Flows Farm Business 1 Gross inv.,Flow of Funds basis Proprietors' net investment 2 3 - Capital consump.allow., NIPA 3 ,690 3,,883 4 ,092 4 ,370 4 ,593 4 ,895 5,.312 5,,639 1 - 2 ,505 -21,295 -1,,201 - 1 ,866 -287 242 653 83 2 4 ,046 4 ,288 4 ,552 4 ,852 5~r251 5,,631 3 3,,807 3,• 893 = Net investment flow, Balance Sheet basis 4 - 2 ,622 - 2 ,305 -1,,155 - 1 ,784 -246 285 -592 91 4 Depreciation valuation adj. Depreciation charges - C a p . consump. allow., NIPA 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, 251 349 5,,980 5,,631 5 6 7 8 + Reval. of physical assets Change in value 9 Depreciation charges 10 - G r o s s purchases, FOF basis 11 710 1 ,337 4 ,010 4 ,637 475 355 4 ,105 3 ,985 3 ,571 5 ,756 4 ,273 6 ,458 1 ,660 3 ,024 4 ,533 5 ,897 1 ,272 3 ,501 4 ,817 7 ,046 4 5 5 6 61.57? 7.. 78fi5,,571 6.> 780 2, 123 8 3,,530 9 5,,980 10 7, 387 11 Revaluation by type of asset Residential structures Nonres. plant 8 equipment Inventories 710 -348 1 ,187 -129 475 256 602 -383 3 ,571 58 1 ,055 2 ,458 1 ,660 775 1 ,402 -517 1 ,272 440 989 -157 4 ,780 1 ,526 2 ,179 1 ,075 6,,579 1.,353 2,,625 2,,601 2,,123 744 2,,085 -706 4 ,450 7 ,279 8 ,616 9 ,584 8 ,674 7 ,552 6.,238 3,,508 16 5 6 7 - 12 13 14 15 »780 ,991 ,140 ,351 12 13 14 15 + Change in the value of land holdings 16 17 + Other revaluations 18 = Change in net worth - - 2 ,335 5,,237 - 10 ,805 - 9 ,215 - - 9 ,435 188 17 - 12,,329 11.,905 5, 185 18 Nonfarm Noncorporate Business 1 Gross inv.>Flow of Funds basis 9,155 9,569 10,101 10,850 11,614 12,583 13,831 14,971 1 2 + Proprietors' net investment 4,142 1,679 1,575 1,123 -620 -2,134 -3,762 -5,623 2 3 - Capital consump.allow.» NIPA 9,155 9,569 10,101 10,850 11,614 12,583 13,831 14,971 3 = Net investment flow, 4 Balance Sheet basis 4,142 1,679 1,575 1,123 -620 -2,134 -3,762 -5,623 4 5 - Depreciation valuation adj. 6 Depreciation charges 7 - C a p . consump. allow., NIPA -475 8,680 9,155 -499 9,070 9,569 -537 9,564 10,101 -583 10,267 10,850 -629 10,985 11,614 -684 11,899 12,583 -765 13,066 13,831 -817 14,154 14,971 8 + Reval. of physical assets 9 Change in value 10 Depreciation charges 11 - G r o s s purchases, FOF basis -1,858 4,794 8,680 15,332 3,315 10,171 9,070 15,926 3,294 11,081 9,564 17,351 9,806 15,793 10,267 16,254 5,098 11,356 10,985 17,243 17,149 23,872 11,899 18,622 15,473 25,308 13,066 22,901 11,310 8 20,851 9 14,154 10 23,695 11 12 13 14 15 -1,858 -954 247 -1,151 3,315 3,007 998 -690 3,294 1,638 1,682 -26 9,806 6,729 2,961 116 5,098 3,741 2,234 -877 17,149 12,398 4,604 147 15,473 10,749 4,927 -203 11,310 5,207 5,665 438 3,507 4,218 3,968 8,443 2,252 4,858 5,627 1 -3 -28 36 9 1 2 1,884 17 6,267 9,708 9,346 19,991 7,368 20,558 18,105 12,445 18 Revaluation by type of asset Residential structures Nonres. plant 8 equipment Inventories • Change in the value of 16 land holdings 17 + Other revaluations 18 = Change in net worth Data are in millions of dollars. 12 13 14 15 4,057 16 October 1967 «Farm Business Farm Business 49 Sector Stock-Flow Reconciliation Statements Annual Flows Annual Flows 1971 1972 1973 1974 1975 1976 1977 1978 Farm Business 1 5, 957 6, 777 7,827 8, 530 10, 336 11, 215 12, 390 14, 459 Gross inv.,Flow of Funds basis 2 935 - 2 , 288 - 1 ,825 —4, 932 - 1 , 746 - 7 , 055 - 5 , 782 - 8 , 737 + 3 5» 942 6, 605 7, 228 8 , 308 9, 789 10, 771 12, 099 13, 557 - 4 920 1 Proprietors' net investment 2 Capital consump.allow., NIPA 3 - Net investment flow, Balance Sheet basis 4 5 6 7 - 2 , 116 — 1,226 —4, 710 - 1 , 199 - 6 , 611 -5, 491 - 7 ,835 549 8, 857 8, 308 672 10, 461 9, 789 768 11, 539 10, 771 891 12, 990 12, 099 1, 027 14, 584 13, 557 - Depreciation valuation adj. Depreciation charges -Cap. consump. allow.» NIPA + 8 Reval. of physical assets 9 Change in value 10 Depreciation charges -Gross purchases, FOF basis 11 5 6 7 373 6, 315 5, 942 421 7, 026 6, 605 467 7, 695 7, 228 8 9 10 11 7, 404 10, 230 6, 315 9. 141 13, 693 15, 943 7, 026 9, 276 24, 697 31, 084 7, 695 14, 082 14,828 17, 182 8, 857 11,,211 5, 662 12, 105 10, 461 16, 904 7, 692 9, 723 11, 539 13, 570 10, 969 17, 067 12, 990 19, 088 33, 290 39, 576 14, 584 20, 870 12 13 14 15 7, 404 1,.666 2, 836 2,i 902 13, 693 1, 698 3, 957 8, 038 24, 697 2,,791 4,,113 17,,793 14,,828 3,,496 12,,820 -1,,488 5, 662 2, 021 5, 141 -1. 500 7, 692 3, 210 7,, 035 -2,,553 10, 969 4, 600 8. 350 -1, 981 33,.290 5,,546 15,,474 12,,270 16 2,,171 12.,496 22,,415 49,,386 34,,973 44,,086 67,,816 38,,137 17 728 8 215 14 -11 -37 18 91,010 23,,660 45 ,634 58 ,969 38,,753 44,,362 - 72,,403 - 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 62 ,565 = Change in net worth 18 Nonfarm Noncorporate Business 36 ,564 Gross inv.,Flow of Funds basis 1 1 16 ,426 17 ,989 19 ,965 22 ,677 26 ,107 28 ,514 31 ,945 2 - 2 ,676 - 5 ,285 - 5 ,044 - 9 ,595 -12 ,072 -16 ,208 -21 ,526 -21 ,033 • Proprietors' net investment 2 3 16 ,426 17 ,989 19 ,965 22 ,677 26 ,107 28 ,514 31 ,945 36 ,564 - Capital consump.allow., NIPA 3 Net investment flow, Balance Sheet basis 4 Depreciation valuation adj. Depreciation charges -Cap. consump. allow., NIPA 5 6 7 8 Reval. of physical assets 9 Change in value 10 Depreciation charges -Gross purchases, FOF basis 11 = 4 - 2 ,676 - 5 ,285 - 5 ,044 - 9 ,595 - 1 2 ,072 -16 ,208 -21 ,526 -21 ,033 5 6 7 -880 15 ,546 16 ,426 -967 17 ,022 17 ,989 - 1 ,087 18 ,878 19 ,965 -918 21 ,759 22 ,677 - 1 ,093 25 ,014 26 ,107 - 1 ,243 27 ,271 28 ,514 -1 ,440 30 ,505 31 ,945 -1 ,673 34 ,891 36 ,564 - 8 9 10 11 19 ,682 34 ,305 15 ,546 30 ,169 17 ,880 39 ,997 17 ,022 39 ,139 30 ,604 54 ,218 18 ,878 42 ,492 53 ,028 64 ,200 21 ,759 32 ,931 29 ,771 30 ,366 25 ,014 25 ,609 46 ,907 46 ,986 27 ,271 27 ,350 65 ,559 74 ,336 30 ,505 39 ,282 96 ,813 109 ,288 34 ,891 47 ,366 + 12 13 14 15 19 ,682 11 ,018 6 ,852 1 ,812 17 ,880 11 ,512 5 ,525 843 30 ,604 20 ,633 9 ,101 870 53 ,028 27 ,683 24 ,479 866 29 ,771 21 ,928 10 ,787 - 2 ,944 46 ,907 34 ,328 12 , 000 579 65 ,559 50 ,760 16 ,205 -1 ,406 96 ,813 66 ,515 30 ,478 -180 16 6 ,912 18 ,766 25 ,841 26 ,233 23 ,638 33 ,957 57 ,013 73 ,228 2 339 98 -1 ,763 -310 11 32 ,330 52 ,827 70 ,682 40 ,667 65 ,589 102 ,497 17 18 - 1 ,847 22 ,951 Data are in millions of dollars. Revaluation by type of asset Residential structures Nonres. plant 8 equipment Inventories 12 13 14 15 + Change in the value of land holdings 16 1 ,333 + Other revaluations 17 152 ,014 = Change in net worth 18 October 1987 Farm Business 50 Farm Business Sector Stock-Flow Reconciliation Statements Annual Flows 1979 1980 1981 1982 1983 1984 1985 1986 Farm Business 3 - Capital consump.allow., NIPA Net investment flow. Balance Sheet basis 4 16,.258 -12,,612 15,. 343 19,,586 20, 952 21.,359 22. 836 21,,945 1 -18, 159 -11,,092 -12. 543 -16.,809 2, 336 1.,243 5,>692 2 17.,591 19,,363 20. 455 20.,781 22. 168 22.,001 21,>306 3 3.,004 2.,100 6,>331 4 124 22,,125 22.,001 126 21,>432 ,306 21, 5 6 7 18., 056 -11,>697 -17,,694 -10,,869 -12.,046 5 - Depreciation valuation adj. 6 Depreciation charges -Cap. consump. allow., NIPA 7 1,,193 16,>536 15,,343 1,,399 18,,990 17,,591 1,>570 20,>933 19,>363 1.,680 22.,135 20.,455 1.,725 22,,506 20,,781 432 22.,600 ,168 8 + Reval. of physical assets 9 Change in value 10 Depreciation charges 11 -Gross purchases, FOF basis 18,,034 27,,733 16 ,536 26,,235 31,,021 26,,169 18,,990 14,,138 11,>599 14,>782 20,>933 24,>116 5.,347 -2.,983 22.,135 13.,805 20,,367 4,>543 22,>506 6,>682 2.,709 2.,015 22.,600 21.,906 -1.,323 -15,,893 22,,125 7,,555 Revaluation by type of asset Residential structures Nonres. plant 8 equipment Inventories 18 ,034 5,,363 10 ,716 1,,955 31,,021 4,>846 16,,447 9,,728 11,>599 4,>549 15,>702 -8,>652 5,,347 -540 6,,837 -950 20,,367 3,>156 9,>536 7,>675 2.,709 2.,206 6.,193 -5.,690 -1,>323 1,>516 3,>277 -6,,116 Change in the value of land holdings 89,,617 98,>109 -107,>916 12 13 14 15 + 16 17 + Other revaluations 18 = Change in net worth -21 94 ,740 - 110,>037 -16.,231 • 22. $ 1 Gross inv..Flow of Funds basis 2 + Proprietors' net investment 70,,980 1,,274 -45,>939 -15,>023 -4,>071 1 49 62 66,,069 -7,>104 -43,>479 -9,>680 - -107,>263 2,,451 8 -8,,935 9 21,,432 10 10 ,046 11 2 ,451 2 ,359 3 ,441 - 3 ,349 12 13 14 15 -89,,399 16 570 17 -80,,173 18 Nonfarm Noncorporate Business 1 Gross inv.,Flow of Funds basis 2 + Proprietors' net investment 3 - Capital consump.allow., NIPA Net investment flow, Balance Sheet basis 4 42 ,935 49,>850 57 ,359 63,>767 65,,800 67,>715 70,>301 72 ,955 1 -31 ,404 -30,>961 - 1 7 ,687 -32,>714 - 7 2 >665 - 7 5 >116 -67,>024 -90 ,589 2 42 ,935 49,,850 57 ,359 63,>767 65 ,800 67,>715 70,>301 72 ,955 3 -31 ,404 -30,,961 - 1 7 ,687 -32,>714 -72,,665 -75,>116 -90 ,589 4 - 2 ,878 62 ,922 65 ,800 -1,>653 66,>062 67,>715 -1 ,427 68 ,874 70 ,301 -1 ,584 71 ,371 72 ,955 5 6 7 -67 • 024 5 - Depreciation valuation adj. 6 Depreciation charges 7 -Cap. consump. allow., NIPA -1 ,967 40 ,968 42 ,935 - 2 ,308 47 ,542 49 ,850 - 2 ,603 54 ,756 57 ,359 -2,,782 60,,985 63 ,767 8 • Reval. of physical assets 9 Change in value 10 Depreciation charges -Gross purchases, FOF basis 11 122 ,083 125 ,427 40 ,968 44 ,312 132 ,034 131 ,085 47 ,542 46 ,593 120 ,074 136 ,836 54 ,756 71 ,518 36 >899 41,>126 60,>985 65,>212 51 ,657 59 ,340 62 ,922 70 ,605 69 83 66 80 >587 >969 ,062 >444 54 ,763 69 ,219 68 ,874 83 ,330 47 ,453 8 66 ,167 9 71,,371 10 90 ,085 11 Revaluation by type of asset Residential structures Nonres. plant 8 equipment Inventories 122 ,083 98 ,859 19 ,191 4 ,033 132,,034 98 ,271 31 ,524 2 ,239 120 ,074 92 ,224 34 ,925 - 7 ,075 36,,899 22,,788 11 >972 2 ,139 51 ,657 44 ,108 5 ,386 2 ,163 69 ,587 62 >134 12 ,172 - 4 ,719 54 ,763 50 ,871 8 ,483 - 4 ,591 47 ,453 44 ,223 11 >666 -8 ,436 91 ,947 102 ,877 113 ,136 19 ,803 105 ,329 75 ,592 74 ,975 97 ,387 16 -170 435 5 ,159 3 ,750 -909 - 3 ,602 1 ,099 1 ,196 17 184 ,423 206 ,693 223 ,285 30 ,520 86 ,290 68 ,114 65 ,240 57 ,031 18 12 13 14 15 + 16 Change in the value of land holdings 17 Other revaluations 18 = Change in net worth Data are in millions of dollars. 12 13 14 15 October 1987 Nonfinancial Corporate Business Nonfinancial Corporate Business 51 Sector Stock-Flow Reconciliation Statements Annual Flows Annual Flows 1949 1 12, 356 15, CO Nonfinancial Corporate Business, Excluding Farms 17, 972 16, 380 21,,730 21,954 22, 241 2,,107 2,320 1, 766 22,466 Gross inv.,Flow of Funds basis 1 1,583 • Corporate equity issues - Min. rights from U.S. govt. 2 3 16,765 - Capital consump.allow., NIPA - 3 0 0 - Inventory valuation adj. 4 5 2 3 1, 093 1, 000 1,,212 1, 288 4 5 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 10.,374 8,,566 6,,124 10,,610 11,,203 8,434 9,,155 13 ,833 13 ,833 2 14,842 14,840 2 15,,854 15,,852 - 1 - Depreciation valuation adj. Depreciation charges 16,764 - C a p . consump. allow., NIPA 16,765 1,231 • Reval. of physical assets Change in value 8,031 Depreciation charges 16,764 - G r o s s purchases CI) 23,564 7,584 = Net investment flow. Balance Sheet basis 6 7 8 9 7 8 9 8 ,974 8,,974 10,,424 10,,424 11,,204 11,,204 -1 12,,022 12,,023 10 11 12 13 14 • 398 29 ,430 8 ,974 24 ,006 7 ,765 20 ,145 10 ,424 ,804 1 ,893 3 ,735 11 ,204 13 ,046 9 ,508 26 ,478 12 ,022 28 ,992 8 ,975 26 ,895 13 ,833 31 ,753 3,465 13,039 14,842 24,416 1,,641 13 ,022 15 ,854 27 ,235 14 15 16 17 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 1,231 -554 1,589 196 18 3 ,195 2 ,455 1 ,940 2 ,932 3 ,381 2,983 3 ,987 5,306 + Change in the value of land holdings 18 19 20 21 22 23 24 Revaluation by type of asset Residential structures Nonres. plant & equipment Inventories (1) 19 20 21 390 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 ,532 735 711 + Reval. of fgn. dir. invest. Change in value 1,378 - D i r e c t investment 667 22 23 24 90 100 10 150 184 34 98 154 56 370 450 80 177 267 90 155 287 132 148 306 158 258 - Reval. of dir. inv. in U.S. 382 Change in value 124 - D i r e c t investment 25 -1 -3 -300 26 10,273 15,612 15,130 1 + Other revaluations 14,576 = Change in net worth 10 11 12 13 14 15 16 17 25 26 Tangibles and net worth on historical cost basis; 10,374 8,566 6,124 10,610 11,203 8,434 9,155 28 29 30 31 -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 32 302 244 194 294 321 -261 552 345 33 34 35 -3,,205 5,,769 8,,974 - 3 1-876 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 11 ,016 15 ,852 -4,,640 12 ,125 16 ,765 36 390 538 415 467 683 890 797 711 Reval. of fgn. dir. invest. 36 37 90 150 98 370 177 155 148 258 - Reval. of dir. inv. in U.S. 37 38 - - -1 - - -3 -300 1 + Other revaluations 38 12 ,974 13 ,977 39 12 ,956 12 ,118 10 ,108 13 ,518 16 ,171 7,584 = Net investment flow - 1 , 4 0 6 + Reval. of physical assets 10,033 Change in value 12,125 Depreciation charges 23,564 - G r o s s purchases CI) + Change in the value of land holdings - 28 29 30 31 32 33 Depreciation valuation adj. 34 Depreciation charges - C a p . consump. allow., NIPA 35 11 ,617 = Change in net worth CI) Before inventory valuation adjustment. Data are in millions of dollars. 27 39 October 1987 Nonfinancial Corporate Business Nonfinancial Corporate Business 52 Sector Stock-Flow Reconciliation Statements Annual Flows Annual Flows 1955 1956 1957 1958 1959 1960 1961 1962 Nonfinancial Corporate Business, Excluding Farms 1 Gross inv..Flow of Funds basis 2 3 4 5 • - Corporate equity issues Min. rights from U.S. govt. 25, 634 25, 960 28, 418 26,,974 31, 798 28,,803 31,,602 39,,151 1 1,,719 2. 250 2, 441 1,,968 2, 078 1,,365 2,,121 369 2 3 " - " - - ~ - - Capital consump.allow., NIPA Inventory valuation adj. 17,,785 -1,,750 20, 032 -2, 675 22,,048 -1,,525 23,,059 -250 24, 135 277 25,,134 -173 25, 882 271 26,,827 26 4 5 - Net investment flow, Balance Sheet basis 11,,318 10, 853 10,,336 6,,133 10,,018 5,,207 7,,570 12,,667 6 7 8 9 - Depreciation valuation adj. Depreciation charges -Cap. consump. allow., NIPA -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 25,,882 25,,882 26 ,827 26 ,827 7 8 9 10 11 12 13 • Reval. of physical assets Change in value Depreciation charges -Gross purchases (1) 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 -541 16 ,371 26 ,827 43 ,739 10 11 12 13 Revaluation by type of asset Residential structures Nonres, plant 8 equipment Inventories CI) 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 -541 -306 266 -501 14 15 16 17 - 6 14 15 16 17 + Change in the value of land holdings 4,»642 7,,382 7,,559 6 ,744 5,,787 5 ,097 5,,622 1 ,916 18 + Reval. of fgn. dir. invest. Change in value -Direct investment 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 -902 2 ,038 2 ,940 198 2,,852 2,,654 -292 19 2 ,559 20 2 ,851 21 Reval. of dir. inv. in U.S. Change in value -Direct investment 246 443 197 151 383 232 96 251 155 307 405 98 251 489 238 -9 306 315 171 482 311 -126 22 220 23 346 24 18 19 20 21 22 23 24 25 + Other revaluations 26 = Change in net worth 99 -1 1 -1 -158 1 -102 - 7 25 27 ,193 34,,960 24,,763 15 ,291 20,,291 7 ,760 12,,754 13 ,869 26 Tangibles and net worth on historical cost basi: 27 = Net investment flow 11 ,318 10,,853 10,,336 6 ,133 10,,018 5 ,207 7 ,570 28 29 30 31 + Reval. of physical assets Change in value Depreciation charges -Gross purchases (1) -1 ,908 19 ,209 13 , 182 34 ,299 -1 ,033 , 24,,405 14,,415 39,,853 -1,,323 20,,233 15 ,700 37,,256 -1 ,708 9 ,487 16 ,853 28 ,048 -765 19,,547 17,,925 38,,237 -837 18 ,054 19 ,127 38 ,018 265 16 ,105 20 ,355 36 ,195 • 32 Change in the value of land holdings 33 34 35 Depreciation valuation adj. Depreciation charges -Cap. consump. allow., NIPA 36 655 1,,212 745 1 ,514 1 ,607 - 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 1 ,519 -6 ,007 19 , 127 25 ,134 12 ,667 27 -1 ,960 20 ,195 21 ,584 43 ,739 28 29 30 31 2 ,054 1 ,858 32 -5 ,527 20 ,355 25 ,882 - 5 ,243 33 21 ,584 34 26 ,827 35 Reval. of fgn. dir. Invest. 941 1,,159 447 834 1 ,046 -902 198 -292 36 37 - Reval. of dir. inv. in U.S. 246 151 96 307 251 -9 171 -126 37 38 + Other revaluations 99 -1 1 -1 -158 1 -102 - 7 38 15 ,462 17,,656 16 ,458 12 ,671 17,,707 11 ,004 15 ,341 17 ,635 39 39 Change in net worth (1) Before inventory valuation adjustment. Data are in millions of dollars. October 1987 •Nonfinancial Corporate Business Nonfinancial Corporate Business Sector Stock-Flow Reconciliation Statements 53 Annual Flows Annual Flows 1963 1964 1965 1966 1967 1968 1969 1970 NonfInancial Corporate Business. Excluding Farms 58, 456 Gross inv.,Flow of Funds basis 1 38, 787 43, 172 50. 186 56. 950 57. 029 57. 302 62, 338 2 3 -341 1. 145 -28 1. 259 2, 397 159 1. 330 3, 406 44 5, 694 329 4 5 28. 002 54 29. 448 494 31, 459 -1, 245 34. 281 -2. 107 37. 556 - 1 , 554 41, 448 -3. 651 45, 399 -5,870 49,857 -6, 552 6 10. 390 15, 363 19, 944 26, 035 23, 424 18, 016 26, 171 20, 516 34, 281 34,,281 1 37, 557 37, 556 -1 41, 447 41, 448 45, 399 45, 399 49, 857 49,,857 - - - - - - 28, 002 28, 002 29, 448 29,,448 1 31,,460 31,,459 10 11 12 13 1, 783 18, 300 28,.002 44,,519 4,,431 25,,552 29,,448 50,,569 6,,699 38,,087 31,,460 62,,848 13,,508 56,,634 34,,281 77,,407 13, 609 48, 794 37, 557 72,,742 27,,035 63,,303 41,,447 77,,715 28,,472 72,,191 45,,399 89,,118 30,,911 66,,490 49,,857 85,,436 14 15 16 17 1,,783 -279 784 1,,278 4 ,431 182 3,,204 1,,045 6,,699 -116 6,,732 83 13,,508 868 12,,405 235 13,,609 -520 12,,696 1,,433 27,,035 1,,114 24,,324 1,,597 28,,472 1,,401 24,,469 2,,602 30,,911 497 31,,901 -1,,487 18 1,,973 3,,091 3 ,251 3,,654 234 26 3,,654 ,651 2i 19 20 21 -23 3,,460 3,,483 -15 3 ,744 3 ,759 -17 4 ,803 4 ,820 - 3 ,101 1 ,724 4 ,825 -38 4,,322 4,,360 53 i 3 ,218 3,,165 226 5 ,157 4 ,931 -203 6 ,565 6 ,768 22 23 24 101 332 231 97 419 322 20 434 414 -169 257 426 171 869 698 84 892 808 -260 1 ,003 1 ,263 -12 1 ,452 1 ,464 25 45 224 26 -45 88 773 -155 -47 53 ,840 14 .067 22 .997 29 .882 40 .220 37 ,145 45 ,820 - - 7 8 9 26 + 58 ,628 1 Corporate equity issues Min. rights from U.S. govt. 2 3 Capital consump.allow., NIPA Inventory valuation adj. 4 5 Net investment flow, Balance Sheet basis 6 Depreciation valuation adj. Depreciation charges -Cap. consump. allow.. NIPA 7 8 9 Reval. of physical assets Change in value Depreciation charges -Gross purchases (1) 10 11 12 13 Revaluation by type of asset Residential structures Nonres. plant 8 equipment Inventories CI) 14 15 16 17 + Change in the value of land holdings 18 + Reval. of fgn. dir. invest. Change in value -Direct investment 19 20 21 Reval. of dir. inv. in U.S. Change in value -Direct investment 22 23 24 + Other revaluations 25 = Change in net worth 26 + on historical cost basis: Tangibles and net worth i 27 10 ,390 15 .363 19 .944 26 .035 23 ,424 18 .016 26 ,171 20 ,516 = Net investment flow 27 + Reval. of physical assets Change in value Depreciation charges -Gross purchases CI) 28 29 30 31 + Change in the value of land holdings 32 28 29 30 31 -75 21 ,478 22 ,966 44 .519 -629 25 .441 24 .499 50 .569 - 1 .721 34 .763 26 .364 62 .848 - 2 .164 46 ,603 28 ,640 77 ,407 - 1 ,064 40 ,551 31 ,127 72 .742 -33 43 .994 33 .688 77 .715 653 53 ,044 36 ,727 89 ,118 -712 44 ,834 39 ,890 85 ,436 32 1 ,858 1 .988 2 .576 2 ,349 2 .175 2 ,290 4 ,258 1 ,652 33 34 35 - 5 ,036 22 ,966 28 ,002 - 4 .949 24 .499 29 .448 - 5 ,095 26 .364 31 ,459 - 5 ,641 28 .640 34 ,281 - 6 ,429 31 .127 37 .556 - 7 ,760 33 ,688 41 ,448 - 8 ,672 36 ,727 45 ,399 -9 ,967 39 ,890 49 ,857 36 -23 -15 -17 - 3 .101 -38 53 226 -203 + Reval. of fgn. dir. invest. 36 37 101 97 20 -169 171 84 -260 -12 - Reval. of dir. inv. in U.S. 37 88 773 -155 -47 + Other revaluations 38 38 39 45 17 ,130 224 21 .783 26 25 .883 -45 28 .884 30 .843 28 ,775 40 ,085 Depreciation valuation adj. 33 34 Depreciation charges -Cap. consump. allow., NIPA 35 31 ,185 = Change in net worth CI) Before inventory valuation adjustment. Data are in millions of dollars. 39 October 1987 Nonfinancial Corporate Business Nonfinanclal Corporate Business* 54 Sector Stock-Flow Reconciliation Statements Annual Flows Annual Flows 1971 1972 1973 1974 1975 1976 1977 1978 Nonfinancial Corporate Business, Excluding Farms 70 ,104 78 ,027 o 1 Gross inv.,Flow of Funds basis 86,,242 119,,821 133,,269 145,,837 163 ,394 1 Corporate equity issues Min. rights from U.S. govt. 11 ,435 717 10,,922 912 7 ,883 3 ,168 4 ,097 6,,490 9 ,908 1,,323 10 ,524 3,,973 2,,727 2,,470 -101 1 ,973 2 3 Capital consump.allow., NIPA Inventory valuation adj. 54 ,783 - 4 ,584 60 ,111 - 6 ,610 65 ,223 -20 ,022 76,,301 -39,,457 91,,878 -10,,952 102,,301 - 1 4 ,911 114,,321 -16,,637 129 ,844 -25 ,298 4 5 6 Net investment flow, Balance Sheet basis 30 ,623 34 ,536 47,,594 47,,005 47,,480 52,,430 48 ,410 56 ,774 6 7 8 9 Depreciation valuation adj. Depreciation charges -Cap. consump. allow., NIPA 1 54 ,784 54 ,783 -2 60,,109 60 ,111 65 ,223 65,,223 76,,301 76,,301 -2 91,,876 91,,878 102,,301 102,,301 1 114 ,322 114 ,321 1 129 ,845 129 ,844 7 8 9 Reval. of physical assets Change in value Depreciation charges -Gross purchases (1) 36 ,296 70 ,493 54 ,784 88 ,981 31,,863 72,,428 60 ,109 100,,674 59 ,236 129,,855 65 ,223 135,,842 171,,391 266,,633 76,,301 171,,543 94,,511 124 ,518 91,,876 121,,883 74 ,435 139,,992 102,,301 167,,858 96 ,636 176 ,086 114 ,322 193 ,772 162 ,299 272 ,776 129 ,845 240 ,322 10 11 12 13 Revaluation by type of asset Residential structures Nonres. plant 8 equipment Inventories (1) 36 ,296 1 ,165 34 ,704 427 31,,863 1 ,986 28 ,056 1,,821 59 ,236 2,,643 47 ,842 8 ,751 171,,391 2,,771 152,,200 16,,420 94,,511 1,,517 88 ,363 4 ,631 74,,435 932 68 ,004 5 ,499 96 ,636 813 87 ,943 7 ,880 162 ,299 2 ,316 143 ,450 16 ,533 14 15 16 17 2 3 4 5 + - 10 11 12 13 + 14 15 16 17 88, + Change in the value of land holdings 2 ,979 8 ,399 12 ,407 22,,891 6 ,125 13,,932 22,,653 33 ,929 18 19 20 21 + Reval. of fgn. dir. invest. Change in value -Direct investment -338 6 ,119 6 ,457 -629 5 ,115 5 ,744 82 10,,212 10,,130 -287 8,,649 8 ,936 -272 13,,776 14,,048 810 12,,443 11,,633 -2,,709 8,,799 11,,508 286 19 16 ,379 20 16,,093 21 22 23 24 - Reval. of dir. inv. in U.S. Change in value -Direct investment 276 644 368 6 954 948 2 ,888 5 ,688 2,,800 -173 4 ,588 4 ,761 -85 2,,518 2,,603 -1,,238 3,,108 4 ,346 97 3,,825 3,,728 -20 22 7,,876 23 7,,896 24 18 25 Other revaluations 26 = Change in net worth 892 108 -137 28 ,444 -34 3,,151 -1,,511 135 25 70 ,175 74,,273 116 ,294 269,,617 147 ,897 145,,996 163,,381 253,,442 26 56 ,774 27 Tangibles and net worth on historical cost basis: 27 28 29 30 31 Net investment flow 30 ,623 34 ,536 47 ,594 47,,005 47 ,480 52 ,430 48 ,410 + Reval. of physical assets Change in value Depreciation charges -Gross purchases CI) - 2 ,807 43 ,205 42 ,969 88 ,981 1 ,615 55 ,464 46 ,825 100 ,674 1 ,347 86 ,429 50,,760 135 ,842 7 ,208 123,,071 55,,680 171,,543 3 ,494 64,,361 61,,016 121 ,883 - 3 ,057 98 ,002 66 ,799 167 ,858 570 120 ,339 74 ,003 193 ,772 + Change in the value of land holdings - Depreciation valuation adj. Depreciation charges -Cap. consump. allow., NIPA • 32 33 34 35 36 + Reval. of fgn. dir. invest. 37 - Reval. of dir. inv. in U.S. 38 + Other revaluations 39 = Change in net worth 28 29 30 31 1 ,935 2,,871 4 ,518 3,,889 1 ,178 1,,514 2 ,936 4,,222 32 -11 ,814 42 ,969 54 ,783 -13 ,286 46 ,825 60,,111 -14 ,463 50 ,760 65 ,223 -20,,621 55,,680 76 ,301 - 3 0 ,862 61 ,016 91,,878 -35 ,502 66,,799 102,,301 —40,,318 74,,003 114,,321 —46,,833 33 83,,011 34 129,,844 35 -338 -629 82 -287 -272 810 -2,,709 286 36 276 6 2 ,888 -173 -85 -1,,238 97 -20 37 892 108 -137 28,,444 -34 3,,151 -1,,511 135 38 41 ,843 51,,781 64,,979 107,,053 82,,793 91,,588 87,,917 110,,079 39 (1) Before inventory valuation adjustment. Data are in millions of dollars. 1,,809 159,,120 83,,011 240,,322 October 1987 Nonfinancial Corporate Business Nonfinancial Corporate Business 55 Sector Stock-Flow Reconciliation Statements Annual Flows Annual Flows Nonfinancial Corporate Business, Excluding Farms 1 215, 481 206, 275 224, 700 218, 321 290,205 Gross inv.,Flow of Funds basis 1 2 3 — 7« 836 4, 745 12,875 4, 997 -11, 450 4, 847 11, 386 7, 791 28,311 7,785 -74,475 7,902 -81,500 4,376 -80,750 + Corporate equity issues 7,194 - Min. rights from U.S. govt. 2 3 4 5 149, 609 -43, 175 171. 262 -43, 129 198, 782 -24,,189 221, 393 -10, 350 228,196 -10,900 238,436 -5,800 251,167 -750 262,833 - Capital consump.allow., NIPA 6,550 - Inventory valuation adj. 4 5 6 96, 466 86, 020 33,,810 10, 873 7 8 9 -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 10 11 12 13 148, 268 275, 387 149,,608 276,,727 208, 599 319, 169 171,,261 281,,831 215,,129 322,,219 198,,783 305,,873 76,,115 113,,732 221,,402 259,,019 14 15 16 17 148,,268 3,,944 119,,861 24,,463 208,,599 4,,411 186,,480 17,,708 215,,129 4,,712 193,,165 17,,252 76,,115 -1.,018 81,,745 -4,,612 18 32,,031 50,,710 51 ,935 28,,953 19 20 21 -346 26 ,479 26 ,825 6,,671 30 ,227 23,,556 3 ,774 16 ,359 12 ,585 -21,,673 -11 ,479 10 ,194 -7,235 2,587 9,822 -7,226 6,007 13,233 6,433 15,228 8,795 10,927 + Reval. of fgn. dir. invest. 24,539 Change in value 13,612 -Direct investment 19 20 21 22 23 24 115 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 1,010 20,032 19,022 -339 - Reval. of dir. inv. in U.S. 24,714 Change in value 25,053 -Direct investment 22 23 24 -30,821 Net investment flow, Balance Sheet basis 6 7 8 9 238,442 238,436 11 251,178 251,167 -12 262,821 262,833 Depreciation valuation adj. Depreciation charges -Cap. consump. allow., NIPA 27,781 77,401 228,184 277,804 67,833 198,204 238,442 368,813 28,128 116,082 251,178 339,132 51,112 113,767 262,821 325,476 Reval. of physical assets Change in value Depreciation charges -Gross purchases (1) 10 11 12 13 27,781 -2,183 27,813 2,151 67,833 1.486 58,497 7,850 28,128 1,322 21,574 5,232 51,112 -124 48,664 2,572 Revaluation by type of esset Residential structures Nonres. plant & equipment Inventories (1) 14 15 16 17 33,569 • Change in the value of land holdings 25 903 1 ,184 -38 -235 -3,192 56 -3,103 2,151 • Other revaluations 25 26 277 ,208 341 ,519 304 ,137 91 ,853 99,796 88,320 30,400 30,988 = Change in net worth 26 27 96 ,466 86 ,020 33 ,810 10 ,873 56,365 -9,223 -30,821 -67,122 = Net investment flow 28 29 30 31 6 ,877 189 ,273 94 ,331 276 ,727 6 ,703 182 ,129 106 ,405 281 ,831 13 ,562 199 ,712 119 ,723 305 ,873 -11 ,025 114 ,148 133 ,846 259 ,019 -5,397 125,128 147,279 277,804 2,393 209,402 161,804 368,813 7,426 168,050 178,508 339,132 38,965 + Reval. of physical assets 170,359 Change in value 194,082 Depreciation charges 325,476 -Gross purchases (1) 32 3 ,615 6 ,570 7 ,854 5 ,442 33 34 35 -55 ,278 94 ,331 149 ,609 -64 ,857 106 ,405 171 ,262 -79 ,059 119 ,723 198 ,782 -87 ,547 133 ,846 221 ,393 -80,917 147,279 228,196 -76,632 161,804 238,436 -72,659 178,508 251,167 Tangibles and net worth on historical cost basis: 5,528 -68,751 194,082 262,833 28 29 30 31 + Change in the value of land holdings Depreciation valuation adj. 33 34 Depreciation charges -Cap. consump. allow., NIPA 35 36 -346 6 ,671 3 ,774 -21 ,673 -7,235 -7,226 6,433 10,927 + Reval. of fgn. dir. invest. 37 115 11 ,666 472 2 ,171 437 2,163 1,010 -339 - Reval. of dir. inv. in U.S. 38 903 1 ,184 -38 -235 -3,192 56 —3,103 2,151 + Other revaluations 38 39 162 ,678 160 ,339 137 ,549 68 ,758 128,691 68,052 59,774 59,539 = Change in net worth 39 (1) Before inventory valuation adjustment. Data are in millions of dollars. 36 37 October 1987 Private Financial Institutions 56 Private Financial Institutions Sector Stock-Flow Reconciliation Statements Annual Flows Annual Flows 1949 1950 1951 Private Financial Institutions 1 Gross inv..Flow of Funds basis 863 1,324 1.197 2,046 1,266 2,204 . 1,913 2 • Corporate equity issues 3 - Mutual fund shares issued 297 209 178 96 358 327 357 239 488 297 706 531 610 408 4 - Capital consump.allow., NIPA 231 260 271 283 325 352 375 a Net investment flow, 5 Balance Sheet basis 720 1,146 957 1,881 1,132 2,027 1,740 3,945 3,945 4,259 4,259 4,464 4,464 5,779 5,779 5,411 5,411 7 6,662 6,655 4 7,262 7,258 9 - Reval. of mutual fund shares 10 Change in value 11 -Shares issued -94 115 209 7 103 96 1,228 1,555 327 35 274 239 -160 137 297 -81 450 531 -193 215 408 1,441 9 1,963 10 522 11 12 - Depreciation valuation adj. 13 Depreciation charges 14 -Cap. consump. allow., NIPA 231 231 260 260 271 271 283 283 325 325 1 351 352 1 374 375 12 409 13 409 14 15 16 17 18 • Reval. of physical assets (nonres. plant 8 equipment) Change in value Depreciation charges -Gross purchases, FOF basis 484 502 231 249 130 223 260 353 -13 73 271 357 220 331 283 394 313 419 325 431 -56 149 351 556 19 + Change in the value of land holdings - Reval. of life insur. and pension fund reserves 6 7 Change in liability -Net claims issued 8 20 • Reval. of corp.equity hldgs. 21 Change in value 22 -Net purchases 23 + Other revaluations 24 = Change in net worth Data are in millions of dollars. - 207 265 374 432 73 33 13 53 66 33 76 -66 348 414 -73 288 361 1,628 2,506 878 358 1,347 989 120 845 725 166 1,609 1,443 -221 1,075 1,296 856 522 2 3 53 7,758 13 257 409 653 15 16 17 18 3,052 20 4,787 21 1,735 22 14 -22 -23 -30 -48 -43 -69 -80 23 1,319 1,207 1,334 2,447 1,743 2,202 1,923 5,026 24 October 1987 Private Financial Institutions Private Financial Institutions 57 Sector Stock-Flow Reconciliation Statements Annual Flows Annual Flows 1957 1958 1959 1961 Private Financial Institutions 3,846 2,618 832 780 1,378 1,049 1,409 1,070 1,798 1,596 1,965 1,698 1,584 1,383 2,559 2,125 .4,171 Gross inv. .Flow of Funds basis 1 1,901 + Corporate equity issues 1,661 - Mutual fund shares issued 726 - Capital consump.allow., NIPA = Net investment flow, 3,685 Balance Sheet basis - Reval. of life insur. and -3,274 pension fund reserves 8,632 Change in liability 11,906 -Net claims issued 4 5 6 7 8 6 7 8 2,265 10,273 8,008 5 8,348 8,343 -662 8,304 8,966 12,121 9,388 1,246 12,122 10,876 88 10,634 10,546 4,201 15,275 11,074 9 10 11 949 1,729 780 159 1,208 1,049 -1,402 -332 1,070 2,931 4,527 1,596 879 2,577 1,698 1,208 -175 1,383 3,724 5,849 2,125 -3,265 - Reval. of mutual fund shares 9 -1,604 Change in value 10 1,661 -Shares issued 11 12 13 14 434 434 503 503 -1 552 553 576 576 609 609 652 652 685 685 -1 - Depreciation valuation adj. 12 725 Depreciation charges 13 726 -Cap. consump. allow., NIPA 14 15 16 17 18 359 672 434 747 479 728 503 752 142 453 552 863 61 351 576 866 113 527 609 1,023 280 435 652 807 115 458 685 2,733 1,028 217 304 1,802 1,498 -2,610 -416 2,194 8,226 2,926 6,273 3,347 189 3,605 3,416 10,742 15,146 4,404 20 21 22 4,774 6,416 1,642 23 -109 -125 -154 -155 -38 -125 257 3,722 2,636 1,594 5,463 3,369 3,458 7,055 24 Data are in millions of dollars. 10,831 2,605 576 833 725 982 + Reval. of physical assets (nonres. plant 8 equipment) Change in value Depreciation charges -Gross purchases, FOF basis 15 16 17 18 221 + Change in the value of land holdings 19 -7,695 • Reval. of corp.equity hldgs. 20 -3,490 Change in value 21 4,205 -Net purchases 22 - 1 5 • Other revaluations 3,312 = Change in net worth 23 24 October 1987 Private Financial Institutions 58 Private Financial Institutions Sector Stock-Flow Reconciliation Statements Annual Flows Annual Flows 1965 1964 1965 1966 1967 1968 1969 1970 Private Financial Institutions 1 Gross inv.»Flow of Funds basis 2 ,297 3 ,698 3 ,040 2 ,861 3 ,628 6 • 384 1 • 111 -704 1 2 3 1 • 739 1 • 400 2 ,178 2 ,006 3 ,247 3 ,220 3 • 710 3 • 634 2 ,615 2 ,535 5 ,797 4 ,816 7 • 418 5 • 735 4 ,780 2 ,551 2 3 867 980 1 • 109 1 ,273 1 • 497 1 • 644 1,,799 4 1 • 842 3 ,003 2 ,087 1 • 828 2 ,435 5 • 868 1,• 150 -274 5 3 • 926 16 • 508 12 • 582 4 ,064 19 ,092 15 ,028 4 ,103 19 ,640 15,,537 - 5 • 000 12,• 967 17,• 967 8 • 396 25 • 755 17,• 359 6,,590 25,,210 18,,620 2 • 543 31• 943 1 • 400 1,,896 3 ,902 2 ,006 2 ,884 6 ,104 3,,220 -4,• 025 -391 3,• 634 6 • 943 9 • 478 2 ,535 -1 866 867 -1 979 980 -1 1,• 108 1,,109 588 1,,728 1,,108 2,,248 4 + - Corporate equity issues Mutual fund shares issued Capital consump.allow., NIPA = Net investment flow, Balance Sheet basis - Revel, of life insur. and pension fund reserves Change in liability -Net claims issued 5 6 7 8 9 10 11 - Reval. of mutual fund shares Change in value -Shares issued 12 13 14 - Depreciation valuation adj. Depreciation charges -Cap. consump. allow., NIPA + 15 16 17 18 + Change in the value of land holdings • Reval. of corp.equity hldgs. Change in value -Net purchases 19 20 21 22 23 Reval. of physical assets Cnonres. plant 8 equipment) Change in value Depreciation charges -Gross purchases, FOF basis • Other revaluations 24 = Change in net worth Data are in millions of dollars. 794 -1 793 794 164 717 793 1.• 346 664 1,• 228 866 1,• 430 182 262 8.•837 12,,733 3< ,896 8,,904 12,,817 3,,913 719 1,,617 979 1,•877 232 9,• 191 15,,211 6,,020 -6,• 084 14 • 168 20 ,252 2 ,201 6 23 ,903 7 21,• 702 8 2,,109 6,,925 4,,816 - 9 ,380 - 3 ,645 5 ,735 -3,• 327 9 -776 10 2 • 551 11 1,,273 1,,273 1,,497 1,,497 1 ,644 1 ,644 -1 12 1,• 798 13 1,,799 14 452 1,,747 1,,273 2,,568 -680 2, 818 1, 497 4, 995 -781 2 ,587 1 ,644 5 ,012 -539 2,,757 1,,798 5,,094 15 16 17 18 173 -39 121 220 133 19 -10,,103 —4 i,395 5,,708 18,,836 27,,847 9,,011 12,.007 22,,789 10,.782 -16,,246 -4,,416 11,,830 -1,,916 20 9,,031 21 10,,947 22 -370 -345 49 -191 449 118 -1,,323 212 23 4.,187 6,,529 5,,292 1, 321 6,,794 8, 735 -1,,516 -1,.257 24 October 1987 Private Financial Institutions Private Financial Institutions Sector Stock-Flow Reconciliation Statements 5 9 Annual Flows 1971 Annual Flows 1972 1973 1974 1975 1976 1977 1978 Private Financial Institutions 24,.313 Gross inv..Flow of Funds basis 1 6, 663 3, 014 8,.393 3,.308 -7,.764 8, 330 12,.742 2 3 3, 541 915 4,.351 -61 3,.499 61 2,.764 722 3,.751 -92 1,880 -1, 977 3, 679 967 2,.070 + Corporate equity issues - 7 2 - Mutual fund shares issued 4 2. 031 2,.267 2,,571 3,.219 3,.908 4. 548 5,.324 6,,391 5 7..258 9,,260 5,,159 2,,131 -7,,829 7,.639 10,,130 1 2 3 Capital consump.allow.. NIPA 4 - Net investment flow, Balance Sheet basis 5 - Reval. of life insur. and pension fund reserves Change in liability -Net claims issued 6 7 8 - 20,,064 6 7 8 15..451 40,,514 25,.063 11,,841 57,,147 45,,306 -25 ,868 11 ,708 37 ,576 - 2 9 ,243 11 ,612 40 ,855 34,,895 103,,020 68,,125 15,.572 67,,475 51,,903 -16,,185 55,,726 71,,911 17,,354 105,,156 87,,802 9 10 11 7,,720 8,,635 915 i 3 ,541 3 ,480 -61 - 1 2 ,352 - 1 2 ,291 61 - 1 2 ,206 -11 ,484 722 7 ,975 7 ,883 -92 5,,453 3,,476 -1,,977 -1,,987 -1,,020 967 631 559 -72 - Reval. of mutual fund shares 9 Change in value 10 -Shares issued 11 12 13 14 -1 2,,030 2,,031 -1 2 ,570 2 ,571 -1 4,,547 4,,548 -1 5 ,323 5 ,324 - 3 ,219 3 ,219 -1 3 ,907 3 ,908 - 2 ,267 2 ,267 6 ,391 6 ,391 Depreciation valuation adj. 12 Depreciation charges 13 -Cap. consump. allow., NIPA 14 + 15 16 17 18 -19 3 • 441 ,030 2 5 ,490 - 1 ,152 3 ,139 2 ,267 6 ,558 -46 5 ,101 2 ,570 7 ,717 4 ,399 9 ,172 3 ,219 7 ,992 1 ,497 5 ,190 3 ,907 7 ,600 3,,057 6 ,268 4 ,547 7,,758 4,,193 7 ,692 5 ,323 8 ,822 7 ,472 12 ,541 6 ,391 11 ,460 Reval. of physical assets (nonres. plant 8 equipment) Change in value Depreciation charges -Gross purchases, FOF basis 15 16 17 18 19 183 188 251 508 -325 146 263 733 Change in the value of land holdings 19 20 21 22 25 ,871 45 ,458 19 ,587 20 .595 42 ,122 21 ,527 - 4 4 ,439 - 3 2 ,743 11 ,696 -51 ,697 -46 ,723 4 ,974 46 ,244 57 ,935 11 ,691 24 ,853 36 ,343 11 ,490 -18 ,879 - 7 ,935 10 ,944 23 976 165 -292 -538 -1 ,869 2 ,974 1 ,195 11 ,099 9 ,573 2 ,955 - 3 ,748 - 5 ,151 17 ,645 15 ,075 + 24 Data are in millions of dollars. 22 ,035 + Reval. of corp.equity hldgs. 20 Change in value 34 ,357 21 -Net purchases 12 ,322 22 -1 ,465 • Other revaluations 30 ,854 = Change in net worth 23 24 October 1987 Private Financial Institutions 60 Private Financial Institutions Sector Stock-Flow Reconciliation Statements Annual Flows Annual Flows 1979 1980 1981 1982 1983 1984 1985 1986 Private Financial Institutions 1 Gross inv..Flow of Funds basis 2 3 4 + - 291,019 26,,499 10 ,185 17 • 597 - 1 .450 30,,543 Corporate equity issues Mutual fund shares issued 2.,994 382 4,,548 2,,865 5 ,729 3,,717 13 ,006 8 ,769 29 •825 27,• 224 37 »122 29 ,340 97,,675 85,,670 171,• 571 2 163 • 270 3 Capital consump.allow., NIPA 7,,623 8,,871 10,,485 12,,025 12 • 900 14 ,475 16,,400 18,• 450 4 24,,008 19,,311 1,,712 - 4 ,590 7 • 298 - 8 ,143 26,,148 14,• 611 5 14,,423 108,,077 93,,654 40,,225 149,,935 109,,710 -27,,833 80,,038 107,,871 41 ,833 168 • 906 127,,073 61 • 934 201,• 286 139 • 352 -12 ,693 121 ,520 134 ,213 95,,404 270,,381 174,,977 82,• 294 6 260,,314 7 178,,020 8 7,,155 10,,020 2,,865 -5,,684 -1,,967 3,,717 8,• 241 17 • 010 8 • 769 8 • 046 35 • 270 27 • 224 - 4 ,782 24 ,558 29 ,340 17,,881 103,,551 85,,670 9 ,973 9 173 ,243 10 163 • 270 11 = Net investment flow. Balance Sheet basis - Reval. of life insur. and pension fund reserves Change in liability -Net claims issued 5 6 7 8 3 • 198 24 • 760 1 9 10 11 - Reval. of mutual fund shares Change in value -Shares issued 5 ,357 5 ,739 382 12 13 14 - Depreciation valuation adj. Depreciation charges -Cap. consump. allow.. NIPA 7,,623 7,,623 8,,871 8,,871 10,,485 10,,485 -7 12 • 018 12 • 025 32 12 • 932 12,• 900 -16 14 ,459 14 ,475 -20 16,,380 16,• 400 23 12 18 • 473 13 18 • 450 14 Reval. of physical assets Cnonres. plant 8 equipment) Change in value Depreciation charges -Gross purchases. FOF basis 3,,724 9,,733 7,,623 13,,632 7,,725 12,,976 8,,871 14,,122 7,,857 13,,391 10,,485 16,,019 3,• 531 8 ,772 12,,018 17,,259 628 7,,067 12,,932 19,,371 1 ,829 17 ,088 14 ,459 29 • 718 -3,•820 16,,714 16,,380 36,,914 2,• 131 23,• 974 18,,473 40,,316 + 15 16 17 18 + Change in the value of land holdings 20 21 22 • Reval. of corp.equity hldgs. Change in value -Net purchases 23 + Other revaluations 19 24 = Change in net worth Data are in millions of dollars. - - - 15 16 17 18 53 763 845 357 488 1 • 196 1,,119 1,,427 19 23.,475 40,,270 16,,795 53,,741 77,,262 23,,521 -35,,075 -4,,797 30,,278 53,,360 78,,583 25,,223 82,,227 131,,306 49,,079 -11 • 800 5 • 394 17,,194 135,,347 166,,756 31,,409 121,,780 20 162,,695 21 40,,915 22 693 1,,072 -1,,662 700 1,,744 35 • 219 8,,954 1,,037 23 32,,173 35,,232 7,,194 3,,291 22,,373 35 • 792 54,,483 48,,696 24
@FedFRASER