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COW. *

F E D E R A L
•

f ^ A L

M

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E.8

t

i

K

R E S E R V E

tatistical

A

release

" J

a

August 8. 1972

PF^-vpvr.x1'

'4{

Volume and Composition of Individuals' S a v i n g - S e c o n d Quarter, 1 9 7 2

(l>

( M i l l i o n s of d o l l a r s )

UNADJUSTED

QUARTERLY

UNADJUSTED

9. 583
- 7 .,856
3 ., 6 8 4

8. 801
- 1 . 777
4. 064

11. 941
- 6 . 997
1. 482

18. 882
362
1 2 ., 6 5 0

18. 185
- 5 . 179
26. 511

22., 9 1 8
2 .. 9 3 0
17,. 3 9 1

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

145
8 ., 3 4 8
1 6 ., 3 4 8

2 2 .. 2 4 7
, 183
24,. 1 0 3

26.275
1.117
18.937

- 1 9 . 190
2. 42 5
- 1 9 .,273
- 5 .,792
4 ..928

9 ., 1 7 8
-111
4.
1.
2 ,. 4 4 5

- 1 . , 180
-99
- 3 ,,453
1 ., 4 6 5
1 .. 3 6 8

1 1 ., 4 0 4
•227
2 ., 3 2 2
2 ., 1 9 4
1 ., 2 0 9

- 2 ,,573
-48
- 5 .,046
1.
729

- 1 1 . 243
,849
- 4 .,830
1 .. 5 1 7

— 51. 7 9 8
676
- 6 ,.423
- I . . 119
1 .216

.071
612
- 1 ,. 4 2 6
412
2 ,. 0 2 1

- 6 .-220

8

594
281
,314
2 ,, 6 3 2
1 ., 9 7 8

- 3 ..575
-255
1 74

- 1 .075
797
-I,
• - I .. 4 7 1
1 .178

-2.988
797
-6.423
494
1.353

SECURITIES
U . S . S A V I N G S BONDS
UTHER U . S . TREASURY S E C .
U . S . G AGENCY S E C U R I I I E S
S T A T E + LOCAL O B L I G A T I O N S

q
10
11
12

12
- 1 ,! 807
2 ,. 5 9 4
- 5 ,.183

7 ., 5 9 8
- 3 ,,867
1.
- 6 ,.518

953
197
2 ,. 3 9 1
-2 .692

358
1 ,. 6 2 2
- 3 ,. 3 3 9

. 2 ,, 5 5 3
3 ,. 8 2 6
I .143
- 1 .. 6 1 6

2 .221
-713
532
- 1 .354

2 .. 8 4 8
- 1 ,.249
553
- 2 ,.713

2 ,. 1 8 8
-745
-297
-1 .294

2 .429
-374
2 71
126

133
- 1 .499
782
-2 .637

1 .939
-1 .125
482
-1

2.236
328
-601
-1.172

C O R P . AND F O R E I G N BONDS
COMMERCIAL P A P E R
INVESTMENT C O . SHARES
OTHER CORPORATE STOCK

I . 181
729
914
1
744

I .. 1 9 1
725
1.644
2 .817
I .317

1 ,. 2 2 5
791
1.683
1 .422
931

1, . 2 0 0
823
1 .162
4 ,. 1 2 6
1 . 132

1 .. 5 1 5
823
2 ,. 0 1 5
2 ,. 1 6 2
1 .581

1 .639
825
1.546
3 .714
671

I . 702
826
1 .400
.750
1 .495

1, . 7 0 0
826
2 .295
2 .133
2 .715

828
737
788
1 .256

1.804
828
1.993
3.480
1.104

5| 0 6 6

I

II

I
I

1971
I

II

III

IV

I
I

I
2
3

73. 533

I I I

1970

I N C R . IN F I N A N C I A L A S S E T S
C U R R . AND DEMAND D E P O S I T S
SAVINGS ACCOUNIS

9 6 . 281

I

|

FLOWS

0 58
252
542

5
6

196 9

QUARTERLY

TOTALS
1971

2
3

I
I

FLOWS

YFAR
1970

1972
I

I

13
14
15
16
17

11.
2 9 ., 0 8 6
295

ROSS I N V . IN TANGIBLE A S S E T S
NUNFARM HOMES
NONCORP B U S . C O N S T R + E Q U I P .
CONSUMER DURABLES
INVENTORIES

18
19
20
21
22

3 2 .,602
2 .. 4 9 1
,733
23,. 3 7 8

A P I T A L C O N S U M P . ALLOWANCES
NONFARM HOMES
N O N C O R P . B U S . PLANT + E Q U I P .
CONSUMER D U R A B L E S

23
24
25
26

15,. 1 2 6
.842
.281
295

ET I N V . I N T A N G I B L E A S S E T S
NONFARM HOMES
NONCURP B U S . C O N S T R . + E Q U I P
CONSUMER D U R A B L E S
INVENTORIES

27
28
29
30
31

6 ,. 7 0 0

N C R E A S E I N DEBT
MTG. DEBT ON NONFARM HOMES
NONCORP B U S . M T G . DEBT
CONSUMER C R E O I T
SECURITY CREDIT
P O L I C Y LOANS
OTHER DEBT

32
33
34
35
36
37
38

3 ,! 2 7 5
7, . 1 3 7
9 .242
5

6 ., 5 5 6
3 .300
7 ,. 2 5 6
9 . 759
6 ,. 4 6 2

32. 429
5. 510
6. 121
20.,013
785

36. 171
4. 240
8 .. 2 0 6
23. 369
356

3 6 ..452
,414
.4 79
22,. 1 0 5
1 ,. 4 5 4

41. 852
5.
,547
26.
776

4 7 . 150

42,-217

47. 728

791
23. 161
273

32. 518
101
924
20.
429

42. 203

1 9 .! 5 9 2
3 0 ., 6 3 5
90.
149

2 5 ., 3 4 3
35,, 8 2 6
103., 4 8 2
2 .. 5 0 6

36. 215

19
20
21
22

,509
2 5 .,507
484

291
29.,801
-208

,532
24,. 8 1 4
611

, 225
.388
24,. 5 0 7
87,. 3 3 0

25,,284
2 ., 1 4 4
5 ., 1 5 7
1 7 ., 9 8 3

25.,898
2 .' 1 6 3
5,. 2 6 8
18,. 4 6 7

2 7 .,340
2,. 2 1 6
5 ., 5 4 2
1 9 ., 5 8 2

27,.785
2 .. 2 3 6
5,
1 9 ., 9 4 4

29,. 4 5 5
2 ,. 3 3 5
5 ,. 9 2 0
21 .200

29,.974
2,. 3 2 7
6,.04 1
21,. 6 0 6

3 0 ., 5 8 4
2 ., 3 5 1
6 ., 1 9 8
22,. 0 3 5

31,.212
2 ., 3 7 5
6,
22,

31,. 7 8 4

25
26

,207
.989
,570
80,. 6 4 8
.668
10,1 6 0 3
8 .065
9 .851
149

46 .432
1 6 !. 4 5 5
11 . 3 1 9
16 . 1 5 2
2

7 ,. 1 4 5
3 .. 3 6 6
964
2 .030
785

10,. 3 1 7
2 .. 8 2 7
2 ,. 5 2 3
4 ,. 6 9 4
273

5 ,, 1 7 8
2 ,. 8 8 5
l .. 3 8 2
482
429

8 ,. 3 8 6
2,
2 ,. 6 0 1
3 .425
356

6 ,. 9 9 7
3 .079
1,. 5 5 9
905
1.454

11,. 8 7 8
3 ,. 1 3 3
3 ,. 5 0 6
4 ,. 4 6 3

1 1 ., 6 1 9
.352
.311
.472
484

15,
5,
2,
7, . 3 1 2
-208

10,. 4 3 3
4 ,. 8 6 3
3 ,. 0 8 2
I,. 8 7 7
611

4 ., 3 4 8
1 .. 2 0 6
- 1 ..241
- 1 ,.081
444
2 ,. 1 9 0

414
3 ., 7 7 9
2,. 3 8 7
4 ., 0 4 5
461
652
6,, 0 1 2

.130
3,
I .. 0 3 2
- 2 ,.771
- I ..346
743
2,

,187
,540
, 127
2 ., 8 4 4
- 1 .,040
668
5 ., 0 4 8

.846
3
1.. 9 0 3
-3 .198
367
233
3 .958

20.
5. 380
3 ., 2 7 0
3 ., 7 8 4
741
224
7 ,. 1 9 4

.590
7
3 ,. 4 3 4
3 .256
166
271
. 3 .416

14,

1 2 !, 5 0 5
,027
,333

'.to*
2 ,, 6 5 5
6 ,. 5 9 3
812
251
- 4 ..254

2,, 3 7 3
- I .,102
2,. 1 2 2
181
3 ,. 3 0 1

10,. 8 6 2

2 ,. 7 0 4

13,. 9 8 9

15,. 0 8 1

18 . 3 3 6

14,. 2 0 3

21 .062

29 .517

19,. 6 1 9

27
29
30
31

36
37
38

2,
7,. 5 2 5

2 4 ., 5 1 9
1 1 ., 2 6 2
10,. 4 3 5
.086
979
10,. 3 1 4

39

82,, 9 2 2

8 3 .. 1 1 8

33

(I)

1 3 .. 0 6 1
6,
1

1 44,. 6 8 4

INDIVIDUAL

SAVING!1*27-321

Combined statement for households, farm and nonfarm noncorporate business.

M A I L I N G LIST CHECK-UP NOTICE COMING SOON

These tables on individuals' saving are a continuation of the data that were formerly published by the Securities
and Exchange Commission and that are now derived from the Federal Reserve's flow-of-funds accounts. From flow-of-funds
tables the information shown here is a combination of the household, farm, and nonfarm noncorporate business sectors,
with the interconnecting flow of "net investment in noncorporate business" consolidated out. Apart from that consolidation
the statement is combined in that it includes trade credit and consumer credit claims among the sectors in the group.




9
10
11
12

P V T . L I F E I N S . RESERVES
P V T . INSURED P E N . RESERVES
P V T . NONINSURED P E N . R E S .
GOVT. I N S . • P E N . RESERVES
M I S C . FINANCIAL ASSETS

1 3
14
15
16
17

.450
22,. 9 3 7

<*
5
6
7
8

The figures for second-quarter flows are based on incomplete information and are preliminary and tentative estimates.

E. 8
August 8, 1972

Volume and Composition of Individuals' S a v i n g - S e c o n d Q u a r t e r
(Billions of

SEASONALLY

ADJUSTED

ANNUAL

1968

YEAR
1969

TOTALS
1970

1971

1
2
3

7 2 .,4
1 2 ,, 8
30,,4

62. 6
3 ., 6
6. I

8 7 ., 1
6,, 3
44,,5

4
5
6
7
8

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

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

q
10
11
12

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

13
14
15
16
17

(l)

dollars)

RATES

SEASONALLY
I
I

1970

I
I

1971
III

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

106. 7
8. 9
7 0 .,3

88,,5
5 ,. 3
60,.2

87,.9
15,. 1
100,. 9

99,.0
8 ,, 6
65,. 1

90 .6
-1 .4
57,. 3

106,. 1
11 . 1
70,. 6

98 . 9
10 . 5
90 . 6

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

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

-4. 6
,5
- 4 ., 8
I
,1

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

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

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

3 .4
2 ,, 4
-16
7 .2

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

-26 .7
3 .2
-18 .9
— 4. 9
3 .3

5 ,, 7
5 .. 9
5 ,, 5
- 9 .,6

1 2 , >4
- 1 ,! 8
2 ,, 6
- 5 ,.2

7 ., 6
- 3 .,9
1 ., 3
-6.5

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

15,. 5
1 ,. 6
. 7
- 6 ,,4

11,. 2
- 7 ,, 7
- 2 ,.0
- 1 2 ,,9

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

9 .0
.2
2 .0
- 2 ,.0

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

7
-7
-2
-6

.5
.5
.7
.8

1,
- 3 .. 1

4(. 6
2.9
6 ,4
6 ,. 0
5 ,. 9

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

5.1
3 ,. 3
7 ,. 1
9 ,. 2
6 .. 0

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

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

5 ,. 5
3 ,, 3
8 ,, 8
8 ,. 8
6,, 1

6 ,. 1
3 ,. 3
8 ,. 2
10,. 3
7, . 6

6 ,» 6
3 ,' 3
7 ,. 5
10,, 8
3 ,, 4

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

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

7
3
3
4
5

. 2
.3
.2
.8
.9

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

18
19
20
21
22

1 3 2 ., 5
21 .1
26,,7
84,. 0
,6

143,,0
22,,0
29,,2
90,.8
1 ,, I

140,,9
19,, 6
30,,6
90,.5
.1

167., 7
2 5 .. 8
35,,8
103..5
2 ., 5

142. 1
18. 3
30., 8
92. 6
,4

138,. 7
20,,7
31,. 1
8 7 .,5
- <, 6

159,.0
22,,3
33,,1
9 9 ., 8
3 ,, 9

164,.9
25,. 3
35,. 1
101,.9
2 ,, 7

172,,5
26,,7
37,,2
106,.1
2 ,. 5

174,.2
29,.2
37,, 9
106,. 1
1 ., 0

182 . 0
29 .6
40,. 8
111 .0
.5

1 8 7 , . 6 G R O S S 1 N V . IN T A N G I B L E
NONFARM HOMES
32,, 4
NONCORP B U S . C O N S T R +
40,.8
113,,6
CONSUMER D U R A B L E S
, 7
INVENTORIES

EQUIP.

18
19
20
21
22

23
24
25
26

95,.3
8 ,. 3
19,.6
67,. 4

1 0 4 .,5
8 ,. 7
2 1 ., 3
74,,6

112,,2
9,.0
22,.6
80,,6

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

113., 1
9. 0
22. 7
81. 4

115,,2
9 ,. 1
2 3 ..0
83,.1

1 1 7 , >8
,3
23,, 7
84,.8

119,,9
, 3
2 4 .. 2
8 6 ..4

122,,3
9,, 4
2 4 ., 8
8 8 ,. 1

124,,8
9 .,5
25,,4
9 0 .,0

127,. 1
,6
25,.8
91,. 7

1 3 0 . . 4 C A P I T A L C O N S U M P . ALLOWANCES
NONFARM HOMES
10 ,. 0
N O N C O R P . B U S . PLANT + E Q U I P .
2 6 .,9
93.. 5
CONSUMER DURABLES

23
24
25
26

27
28
29
30
31

37,.2
12,. 8
7 ,. 1
16,. 7
.6

38,,5
1 3 .,3
7 ., 9
1 6 .,2
1 .. 1

28,.7
1 0 .. 6
8 ,. 1
9,,9
.1

46.,4
1 6 .,5
1 1 .,3
16,,2
2 ., 5

29.
9.
8.
11.

0
2
1
2
4

23,,5
1 1 .,6
8,.1
4 .,4
"•.6

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

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

5 0 ., 1
17,.3
12,. 4
18,.0
2,, 5

4 9 .,3
1 9 ., 7
1 2 .. 5
16. 2
1 ,. 0

54,. 9
20,, 1
15,. 0
19,, 3
,5

5 7 . , 2 NET I N V . I N T A N G I B L E A S S E T S
NONFARM HOMES
2 2 ., 5
1 3 ., 9
NONCORP B U S . C O N S T R . + E Q U I P
2 0 ., 1
CONSUMER DURABLES
, 7
INVENTORIES

27
28
29
30
31

32
33
34
35
36
37
38

43,.3
14,. 9
6,. 6
11,. 1
2 ,. 1
I,. 3
7 ,. 4

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

3 2 ,,8
12,. 5
8 ., 0
4 .,3
- 1 .,9
2,. 3
7 ., 5

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

41.
13.
9.
6.

6
6
1
4
4
2. 0
10. 2

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

40., 7
13,,9
1 0 .,2
4 .,0
1 ,.8
,9
9 ,,8

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

6 4 .,2
2 9 ..1
1 2 ..2
12. 6
,6
1 ., 1
8 ., 7

7 3 ., 7
31,, 7
11. 4
1 4 .,5
3 .,0
1 .. 0
1 2 .,2

7 3 ., 5
24,, 5
12,.1
13,,9
8 ,. 7
, 7
1 3 ., 5

8 3 . , 4 I N C R E A S E I N DEBT
3 6 .. 7
M T G . DEBT ON NONFARM HOMES
1 2 .,0
NONCORP B U S . MTG. DEBT
1 7 ., 5
CONSUMER C R E D I T
6 .,2
SECURITY CREDIT
P O L I C Y LOANS
1 ., 0
9 .,9
OTHER DEBT

32
33
34
35
36
37
38

39
40
41

66,,3
6 ,. 0
1 6 .,7

59. 6
6. 6
16. 2

82,,9
9,,2
9,, 9

83. 1
9. 8
16. 2

9 4 ..1
8 ., 4
11,.2

79,.2
8 ,, 8
4,, 4

8 8 .,5
10,,3
1 5 ..0

8 5 ., 1
1 0 .,8
1 5 ., 5

76,. 5
8 .*5
18,. 0

8 1 ., 7
9,. 5
16,.2

80. 3
,8
19. 3

39
40
41

42
43
44
45
46

2 . ,5
•
4 1 ,.2
39,,8
1 ,, 4

2. 5
34. 2
38. 2
,0

.9
.2
63,,1
54,.8
8,. 2

8
*
56. 5
60. 9
-4 . 5

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

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

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

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

1 ., 2
*
48,. 8
61,.0
- 1 2 ,.2

.6
•
55,.4
5 9 .,3
- 3 ., 9

55. 1
55. 7
5

86,, 9 INDIVIDUAL S A V I N G ! 1 + 2 7 - 3 2 )
9 , . 7 L E S S - G O V T . I N S + PEN R E S E R V E S
20,.1
NET I N V . IN C O N S . DUR
CAPITAL GAINS DIVIDENDS
FROM I N V E S T . C O S .
1 ,, 2
NET S V G . BY FARM C O R P S .
5 5 . , 8 EQUALS P E R S S A V I N G , F Z F B A S I S
5 1 . , 3 PERSONAL S A V I N G , NIA B A S I S
4 .,5 DIFFERENCE ( 4 4 - 4 5 )

Combined statement for households, farm and nonfarm noncorporate business.




IV

ANNUAL H A I R S

IV

(I)

II

ADJUSTED

1972

III

-,

I

|
1

1

1. 0

II

113 . 1
. 1
71 . 0
7
3
-9
2

I N C R . IN F I N A N C I A L A S S E T S
C U K K . AND DEMAND D E P O S I T S
S A V I N G S ACCOUNTS

.0
.2
.4
. 3
b,. 3

SECURITIES
U . S . S A V I N G S BONDS
OTHER U . S . TREASURY S E C .
U . S . G AGENCY S E C U R I T I E S
STATE + LOCAL O B L I G A T I O N S

6 ,. 9

C O R P . AND F O R E I G N BONDS
COMMERCIAL P A P E R
I N V E S T M E N T C O . SHARES
UTHER CORPORATE STUCK
P V T . L I F E I N S . RESERVES
P V T . INSURED P E N . RESERVES
P V T . NONINSURED P E N . R E S .
GOVT. I N S . + P E N . RESERVES
M I S C . FINANCIAL ASSETS

ASSETS

I
2
3
4
5
6
f
8
9
10
11
12
13
14
15
16
1 7

42
43
44
45
46