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FEDERAL
IJIIi

s

t

a

t

i

s

t

i

RESERVE
c

a

l

r

e

l

e

a

s

e

E. 8
August 17, 1972

(I)

Volume and Composition of Individuals' Saving- Second Quarter, 1 9 7 3
( M i l l i o n s of d o l l a r s )

UNADJUSTED

QUARTERLY

Revised Estimates (2)

FLOWS
I

1971

1972

1971

|

I

II

I
III

IV

|

UNADJUSTED

1972
I

I

II

III

IV

FLORFI

1973

I

I

II

1

100.928

124.909

18 .482

26 .161

26 .968

29 .317

22 .719

32.976

30 .067

39 .147

24 .998

33 .142

INCREASE

2
3

11.010
70.756

12.926

5 .359
15 . 9 9 2

-589
13 . 3 2 8

11 . 2 6 9
15 . 5 6 6

—6 .205
21 . 6 0 8

5.223
18.856

288
19 . 4 9 7

13 . 6 2 0
15 . 5 6 4

-10 .289
24 .692

6 .258
18 . 1 7 4

DEMAND

75.525

-5 .029
25 .870

4

-14.039

5.380

-10 .290

-3 .627

6 .746

-6 .868

2 .246

-839

2 .895

-989

2.425

3.295

480

676

612

657

797

847

772

1 .078
879

3 .414

5

891

6

-10.909

1.738

-3 .285

-375
1.296

-184
-847

-4 .010
288
-1 .072

1 .629
-1 .385
578

133

1 .069
4?9
23

1 .630
-79
562

35

-3.562
-874

1 .727
160
1 .272

-2.590

7
8

- 5 .341
-3 .826
-227

911
-5 .149

1 .643
789

2 .103
2 .285

660

UUAWTFPLY

IN

FINANCIAL

DEPOSITS

SAVINGS

•

ASSETS

4

SECURITIES
U.S.

SAVINGS

OTHER

U.S.

U.S. G.
STATE •

BONDS

5

TREASURY

SFC.

AGENCY SECURITIES
LOCAL OBLIGATIONS

9

8.172

4.851

2 .390

2 .913

2 .689

-20

2 .280

1.037

1 .198

336

37?

885

CORPORATE

10

-3.880

432

-984

-947

129

COMMERCIAL

PAPER

216
252

832
-2 .559

273
-979

-229
5?6

1 .676
2
-3 .928

-20

-633
-5.224

596
-679
-843

-893

1.1*1
-6.592

-1 .229
-348
-1 .323

-382

11
12

-1 .285
481
-2 .962

-338

-751
-1 .402

INVESTMENT

CO.

42

13

6.101

7.241

1 .446

1 .527

1.567

1 .561

1 .498

1.842

1 .982

1 .919

1 .918

1 .926

PVT.

LIFE

1 .145
5.698

1.926
2 .008
1 .506

1 .322
1 .717
3 .602

1 .382
1 .347
2 .257
930

1 .326
2 .366
1 .871

1 .197
878

1.178
1.456

1 .309
2 .095
1 .756

2 .226

415

553

624

1.105
1 .875
2 .523
1 .463

10?

1 .251
1 .772
4 .120
630

INSURED PEN. RESERVES
NONINSURED PEN. RES.

4.707

1 .120
1 .499
2 .172

PVT.
PVT.

1 .082

773
009
306
234
224

46 . 9 0 1
8 .839
8 .403
30 . 0 0 1
-342

41 .465
7 .979
8 .370
24 . 7 7 2
344

47.
7.
10.
29.

079
370
303
430
-24

47 . 8 4 4
8 .687
10 . 6 8 7
28 . 9 6 9
-499

54
10
10
34

49 . 3 4 9
9 .269
9 .519
29 . 6 0 6
955

54 . 3 9 4
8 .766
11 . 2 9 1
34 . 0 7 8
259

GROSS

32.
2.
6.
23.

594
727
742
125

32
2
6
23

.777
.493
.684
.600

33 . 6 1 4
2 .534
6 .842
24 . 2 3 8

34
2
6
24

.364
.566
.953
.A47

35 . 1 6 9
2 .609
7 .135
25 . 4 2 5

CAPITAL

14

5.175

15
16

7.256
9.738

10.484

17

4.931

3.055

269

1

CURRFNCY

ACCOUNTS

OTHER

•

FOREIGN

GOVT.

INS.

•

MISC.

FINANCIAL

9
10
1]

SHARES

CORPORATE
INS.

PONDS

6
7
H

STOCK

1?

RESERVES

13

PEN.

RESERVES

ASSETS

14
15
16
17

18
19
20
21
22

.450
.305
.508
.409
-772

3 6 ,. 0 7 5
5 ,, 4 7 6
7 ,. 1 7 7
2 2 ,. 2 2 6
996

41 . 0 0 7
5 .525
9 .239
26 . 0 3 0
213

41.
7.
9.
25.

130
in
?6
93

.626
.176
.675
.775

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

30 . 0 1 2
2 .324
6 .009
21 . 6 7 9

30.
2.
6.
22.

583
355
142
086

31 . 1 5 5
2 .394
6 .295
22 . 4 6 6

31 . 6 4 1
2 .422
6 ,407
22 . 8 1 2

59
24
12
23

.824
.129
.833
.634
-772

6.539
3,. 1 3 7
4
1 ,, 2 5
981
996

10 . 9 9 5
3.201
3 .230
4 .351
213

1 1 . 190
4. 6 5 4
3 . 164
3 . 148
224

15 .746
6 .445
2 .108
7 .535
-34?

9 .824
5 .557
1.963
1.960
344

14. 485
4. 6 4 3
3 . 561
6. 3 0 5
-24

15 . 0 6 7
6 .194
4 .003
5 .369
-499

20 .448
7 .735
3 .306
10 . 0 0 0
-593

14 . 9 8 3
6 .703
2 .564
4 .759
955

19 . 2 2 5
6 .157
4 .156
8 .653
259

NET

54.589

84.097

5.331

19.405

16.950

12.903

11.829

29.070

20.594

22.604

16.829

26.932

INCREASE

24.138
11.230

38.423
13.237

3.435
1.855

5.339
3.255

6.924
3.463

8.444
2.657

7.914
2.103

9.037
3.756

10.1A2
3.950

11.290
3.428

9.47?
2.85?

10.529
4.200

MTG. DEBT ON
NONCORP BUS.

35

11.231

19.170

-1.520

3.*93

3.632

5.426

36
37

2,609
1.013

4.672
945

2
236

903
237

643
285

1.061
255

-515
2.075
147

5.933
1.682
313

5.164
620
259

8.588
295
226

1.756
-993
29?

7.763
-1.614
447

CONSUMER CREDIT
SECURITY CREDIT
POLICY LOANS

35
36
37

38

4.368

7.650

1.323

5.978

2.003

-4.936

105

8.349

419

-1.223

3.450

5.607

OTHER

38

39

90.809

100.636

19.690

17.751

21.208

32.160

20.714

18.391

24.540

36.991

23.15?

25.435

18 165 . 7 5 6
19
26 . 8 4 9
20
34 . 3 2 5
2 1 103 . 4 9 1
1.091
22

190
34
39
117

23
24
25
26

.286
.412
.398
.476

27
28
29
30
31

.470
17 . 4 3 7
9 .927
16 . 0 1 5
1.091

32
33
34

121
9
24
87

.062
.269
.148
.238
-503

INV.

IN

TANGIBLE

NONFARM

BUS.

CONSUMER

CONSTR.

EQUIP

DURABLES

CONSUMP.

NONFARM
NONCORP
CONSUMER
INV.

ALLOWANCES

HOMES
BUS. PLANT

•

EQUIP.

DURABLES

IN

TANGIBLE

ASSETS

NONFARM HOMES
NONCORP

BUS.

CONSTR.

•

EQUIP

CONSUMER DURABLES
INVENTORIES

IN

DEBT
NONFARM HOMES
MORTGAGE DEBT

DEBT

INDIVIDUAL

SAVING(1*27-32)

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.

estimates.



•

INVENTORIES

(1) Combined statement for households, farm, and nonfarm noncorporate business.
(2) Revisions include both new estimates and new seasonal adjustments for all
periods. Year-end outstanding assets and liabilities for 1961-1972 will be
included in the third-quarter 1972 release.

>

ASSETS

HOMES

NONCORP

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

23
24
25
26
27
28
29
30
31

32
33
34

39

E. 8
August 17, 1972

Volume and Composition of Individuals' Saving- Second Quarter, 1 9 7 3
( B i l l i o n s of d o l l a r s )

SEASONALLY

ADJUSTED

ANNUAL

RATES

SEASONALLY
I

1969

1970

1971

1972

I

19

1

I

HI

H2

I

107?
I

II

I
III

IV

I

ADJUSTED

ANNUAL

WATLS

1973
I

II

1

6 3 ,.3

B O ,. 2

1 0 0 ,.9

124.9

9 7 ,.5

1 0 4 .4

1 0 4 , ,1

1 3 3 ,,5

1 2 0 ,,9

140. 7

114.4

124.9

TNCHFASL

2
3

2,.6
6,,0

9,.1
,4

11 .0
7 0 ,.8

12.9
75.5

1 5 ,.6
8 0 ,,8

6 .4
6 0 .7

1 0 ,,6
8 3 .,8

1 4 ,,6
,6
71 ,

8,.3
7 6 ,.1

17. 8
70. 6

-4.7

14.0

DEMAND

96.1

68.3

SAVINGS

4

30 ,
.7

5.4

- 3 1 ,.4

3 .3

7
8

3.3
1.7
-.4
1.3

2,.4
-15 . 1
- 8 .2
- 3 .3

1 1 ,,7
3,,3
.3

18. 9

2 .4
- 1 0 .9

1 .1
1 .6

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

4 .1

,4
12 .8
? .8
9 .6

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

- 1 4 .0

5
6

9

7 .4

1 0 .1

8 .2

7 .7

7,,2

10

2 .7
4 .8
.0

.6
2 .6
- 5 .2

- 3 .9
1 .2
- 6 .6

-5.2

5 .2
.3
- 1 0 .9

13

.9

B .1

A .1

7.2

5 .9

6 .3

6,>0

7,,4

7 .9

7 ,,7

7.7

7.7

PVT.

LIFE

14
15

2 .9
6 .3

5.7
10.5

.9
7 .3
9 .9

.8
3,,2
6,

5.2
8.0

5.0
7.8

PVT.
PVT.

INSURED PEN. RESERVES
NONINSURED PEN. RES.

3.1

4 .3

2,.7

14,. 2
2,.8

4 .5
5 .8
10 .6
3 .5

4 ,,4
7 ,,3

3 .6

5 .4
7 .3
9 .5
5 .5

4,,7
6,.5

6 .6
3 .1

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

4.6

16
17

3 .3
7 .1
8 .8

1 0 .,8
3 .,3

9.2
1.5

11.7
3.1

18

1 4 3 .0

140 .2

165 .8

190.5

1 5 9 .8

171 .7

1 8 1 ,.2

1 8 6 ,.8

1 9 3 .8

2 0 0 , ,0

215.2

216.0

19 .6
0 .4

34.3

2 4 .0

3 4 ,.3

35 .?

35.

38.1

40.7

NONFARM

HOMES

33 .6
101 .0

2 9 .7
3 5 .1

3 2 ,.3

39.5

3 8 ,.1

3 7 ,,8

3 9 .9

43.2

41.5

NONCORP

BUS.

1 1 1 ,.5
,7

1 1 5 ,,1
.5

120 .2
-1 .5

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

132.2
1.8

133.1
.6

1 3 0 ,, 4

1 3 1 .1

1 3 4 .,5

137.5

140.7

1 1
12

.0

- 3 .6

4.9
.4
- .6

8 .6

2 .4
- 6 .7

- ? .5
2 . 1
- 2 .3

-6,
,2
- 8 ,,3

2,,2
- 1 ,,2
1,,8
,9
- 1 ,,8
- 3 ,,8

3 .3
- 5 .8
1 .3
1 .3

-8.7
3.0
-11.4
6.8

3.6
-8.0

2.1

6 .,5

-•7

5 .,0
,8
- 1 0 ,,9

-2.7
-2.3
-4.4

1
R1
1
4

CORPORATE

1.2

-1 .8
.1
2 .0

ASSETS

CURRENCY

•

U.S. SAVINGS BUNDS
OTHER U.S. TREASURY SEC.
U . S . G . ATIFCNCY S E C U R I T I E S
STATE • LOCAL OBLIGATIONS

8.1
7.5

3 .9

FINANCIAL

ACCOUNTS

SECURITIES

7.3

3 ., 1
1 2 ., O
4
1. 5

IN

DEPOSITS

3.1
-2.2
-6.0

•

COMMERCIAL

FOREIGN

RONDS

PAPER

GOVT.

INS.

MISC.

INV.

IN

PEN.

22

2 9 .2
90 .8

91 .3

2 6 .8
34 .3
103 .5

1 .1

- 1 .1

1 .1

1 17.4
-.8

1 .2

1 0 6 .0
1 .0

23

1 0 4 .5

1 1 2 .4

121 .3

130.6

1 1 9 .1

1 2 3 .5

1 2 6 ,.6

24
25

9 .0
2 2 .6
8 0 .7

9 •4
2 4 .4
8 7 .5

10.2
26.7
93.8

9 .3

10,. 9

10 .0

1 0 ,,1

10.3

10.4

NONFARM

ASSETS

2 5 ,,6
9 1 ,,2

2 7 ,.0
9 2 ,, 5

2 6 .7
9 4 .4

27.4
9 7 ,,0

27.A
90.4

28.5
101.7

NONCORP

BUS.

27

3 8 .5

2 7 .8

4 4 .5

59.8

4 0 .7

4 8 .3

5 4 ,>6

5 6 ,. 4

6 ? .7

6 5 ,,6

77.8

75.3

28
?9
30

1 3 .3
.9
16 .2

10 .6
7 .7
10 .6

17 .4
9 •9
16 .0
1 .1

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

25 .2
1 3 .1
2 5 .8
- 1 .5

27.0
15.3
32.8

- 1 .1

20 .2
10 .2
16 .9
1 .0

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

1 .1

14 .6
9 .7
15 .2
1 .2

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

31

24.1
12.8
23.6
- .8

- •,5

1.8

30.3
13.0
31.4
.6

32

3 9 .8

30 .6

5 4 .6

84.1

4 5 .7

6 3 .5

7 0 ,,0

8 5 ,,9

8 0 .0

1 0 1 , ,2

84.6

86.3

33
34

1 6 .1
7 .0

12 .5
8 .0

2 4 .1
11 . 2

38.4

3 0 .0

3 2 ,,7

3 6 ,.7

42.5

11 . 2
2 .6

19.2
4.7

7 .1

7.7

5 .0

1 .1
3 .7

2 6 .,2
1 .,2
,9

24.1
-6.5

.9

18 .9
2 .5
1 .0

14.3
25.3
-4.0

1•0
*•4

1 .8
.9

1 3 ,. 2
18.3
6,,7

14.9

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

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

4 3 .,5
1 4 ,,6

39.2

11 . 8
13 .6
3 .4

40 .8
13 .9

10 .4
- 3 .4
2 .6

18 .3
10 .7
8 .9

2 .9

14. 8

1.2
8.6

1.8
9.4

39

6 2 .0

77 .4

90 .8

100.6

9 2 .5

40

6 .6

9 .7
16 .0

10.5

9 .9

21
22

35
36
37
38

3

-

41

16 .2

8 .8
10 .6

42
43

2 .5

.9

.8

44
45
46

3 6 .6
3 8 .2
- 1 .6

.1
5 7 .2
5 6 .2
1 .0

6 4 .3
60 .2
4 .2




13.2

23.6
1 .4
65.1
49.7
15.4

-. 5

1.3

3,,8

4 ,8

8 9 .1

8 8 ,>8

1 0 3 ,,9

1 0 3 .6

105. 1

107.6

113.9

6 ,.4
2 0 ,,2

1 4 ,,2
2 2 ,,6

10 .6
2 5 .8

10. 0
2 5 .,9

9.2

15 .2

9 .5
16 .9

11.7
31.4

.6

.9

1..1

1 ,2
,

1 .2

2 .,1

1.0

.1
6 6 .9
61 .3
5 .5

61 .8
5 9 .0
2 .8

6 1 ,.1
5 2 .,9
8 ,,2

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

661.0
4 5 .8
2 0 ,. 2

66. 4
54. 4
12. 0

-.1
64.6
50.0
14.6

(1)

'

COMBINED

STATEMENT

FOR

32.fi

2.0
-.1
68.8
52.4
16.5

HOUSEHOLDS,

CONSUMP.

CONSUMER
NET

INV.

ASSETS

18
20

EQUIP

NONFARM
NONCORP

21
22

ALLOWANCES
•

EQUIP,

ASSETS
•

EQUIP

DURABLES

INVENTORIES

INCREASE

IN

37
38

SAVINGU+27-32)

GOVT.
NET

INS.

INV.

IN

•

PEN.
CONS.

RES.
OUR

CAPITAL GAINS DIVIDENDS
FROM
INVESTMENT COS.
NET S V G . BY F A R M C O R P S .
EQUALS

PERS

SAVING#

P E R S O N A L S A V I N G , NIA
DIFFERENCE
(44-45)

FARM,

AND

NONFARM

BUSINESS.

33
34
35
36

DEBT

INDIVIDUAL
LESS-

28
29
30

32

NONFARM HOMES
MORTGAGE DEBT

CONSUMER CREDIT
SECURITY CREDIT
POLICY LOANS
OTHER

27

31

DEBT

M T G . DEBT ON
NONCORP BUS.

25
26

TANGIBLE

HOMES
BUS. CONSTR.

CONSUMER

23
24

PLANT

DURABLES

IN

16
17

19
CONSTR,

CONSUMER DURABLES
INVENTORIES
CAPITAL

14
15

•

HOMES

2 3 .9
8 5 .8

9 .5
2 4 .9
8 9 .1

9,,7

26

8 .7
21 .3
7 4 .6

13

RESERVES

TANGIBLE

19
20

11
12

RESERVES

FINANCIAL

GROSS

•

9
10

INVESTMENT CO. SHARES
OTHER CORPORATE STOCK
INS.

5
6
7

F/F

BASIS

BASIS

NONCORPORATE

39
40
41
42
43
44
45
46