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For Release i n MORNING Newspapers of Wednesday, December 2 9 , 1948
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
STATISTICAL SERIES
R e l e a s e No. 838
VOLUME AND COMPOSITION OF INDBHDUAIS' SAVING, l / July-Sept. 1948
I***
i n time and s a v i n g s d e p o s i t s .
mmmamt
quarter#
p a r t of i n d i v i d u a l s 1 s a v i n g s *
2 / This does not r e f l e c t t h e change i n i n v e n t o r i e d of u n i n c o r p o r a t e d b u s i n e s s .
l
Saving by I n d i v i d u a l s i n the United S t a t e s 1 /
1940 - 1948
( B i l l i o n s of d o l l a r s )
19/ .7
Type of Saving
1940
1941
1942
1943
1944
1945
1 . Currency and bank d e p o s i t s
+ 2.9
+ 4.9
+10.9
+16.1
+17.5
+18.9
+11.9
+ 3,1-
2 . Savings and l o a n a s s o c i a t i o n s
+ 0.2
+ 0.4
+ 0.3
+ 0.6
+ 0.8
+ 1.1
+ 1.2
3 . Insurance and pension r e s e r v e s
a . P r i v a t e insurance
b . Government insurance
+ 3.1
+ 1.8
+ 1.3
+ 4.0
+ 2.1
+ 1.9
+ 5.0
+ 2.5
+ 2.5
+ 6.8 1 + 8 . 2
+ 2.9
+ 3.2
+ 5.0
+ 3.9
+ 8.6
+ 3.5
+ 5.1
4. S e c u r i t i e s 2 /
a . U.S. savings bonds
b . Other U.S. Government 2 /
c . S t a t e and l o c a l government
d . Corporate and o t h e r
+
-
(*)
0.9
0.3
0.5
0.1
+ 2.9
+ 2.8
• 0.7
— 0.3
- 0.3
+10.4
+ 8.0
+ 2.4
- 0.2
+ 0.2
+13.8
+11.1
+ 3.0
- 0.1
- 0.2
+15.1
+11.8
+ 3.9
— 0.1
- 0.6
5 . L i q u i d a t i o n of mortgage debt { J
- 0.9
— 0.9
— 0.1
+ 0.3
+ 0.1
6 . L i q u i d a t i o n of debt n o t e l s e where c l a s s i f i e d
- 1.2
— 1.0
+ 3.3
+ 1*3
7# T o t a l Liquid Saving
+ 4.2
+10.3
+29.8
8 . Nonfarm dwellings 6 /
+ 3.1
+ 3.6
9 . Other d u r a b l e consumers* goods 7 /
+ 7.9
+15.1
1 0 . T o t a l Gross Saving ( 7 + 8 * 9 )
1946 ;
sfpi;
1947
; • 2.5
V
1943
V lT » — A p r . ii
Oct *
March
June
JulySept.
+
- 4.2
+ 0.2
+ 1.8
o$
+ 1 . 2 1 •| • 0 . 2
+ 0.3
+ 0.3
+ 0.3
+ 0.2
0
+ 7.0
+ 3.4
+ 3.5
+ 7.1 4 1 + 1.7
+ 3.7 I • J • 0.9
+ 3 . 4 3 4 + 0.8
+ 1.8
+ 1.0
+ 0.9
+ 1.6
+ 0.9
+ 0.7
+ 1.8
+ 0.9
+ 0.9
+ 1.6
+ 0.8
+ 0.9
•
+ 9.8
+ 6.8
+ 3.6
— 0.2
- 0.5
+ 1.1
+ 0.9
(*)
- 0.4
+ 0.6
+
+
•
+
+
(*)
+0.3
— 0*6
+ 0.2
+ 0.2
+ 0.5
+ 0.3
-0.5
(*)
+ 0e6
+
+
+
+
+
•
•
•
- 0.2
~ 3.3
— 3*8'
- l.o
-1.1
- 0.2
— 0.8
-3.3
- 3.1"
- 0.4
+38.9
+41.5
+37.3
+14*5
4 8.V
+ 1.8
+ 1.1
+ 1.0
+ 1.1
+ 3.9
+ 9.7
+ 6.8
+ 6.5
+ 6.9
+ 8.3
+23.6
+38.5
+46.5
+49*4
+46.6
1 / I n c l u d e s unincorporated b u s i n e s s saving of t h e t y p e s s p e c i f i e d .
been made i n some of t h e s e r i e s .
4 . 0 (1 ^
1.8 v \
0 . 8 - 0")
0 . 5 1 ,V
1.0 > n
(*)
0.2
1.0
0.2
0.6
+ 0.9
• 0.7
— 0.2
+ 0.2
+ 0.2
-
- 0.7
— 1.0
- 0.9
- 'n
- 1.7
(*)
— 0.6
— 0.5
-!. 1
^ • 3.0
+ 1.7
-0.3
• 0.6
+ 3.1
.+ 1.2
• 1.9
+ 1.5
+ 1.9
• 2.3
- I
+16.2
+ 5.81 ' ' • 1.6
v.1
•ZL.o"'
• 5.0
+ 6.5
+ 4.8
+ 5.4
• 5.6
u
+34.7
• 3 5 . 2 4 ^ ' * • 9.6
+10.2
+ 6.0
+ 7.9
+11.0
\0, &
Does n o t i n c l u d e c o r p o r a t e o r government saving.
;
2.8
0.8
0.8
0.6
0.6
C o n s i d e r a b l e r e v i s i o n s have
2 / Does n o t i n c l u d e n e t purchases by b r o k e r s and d e a l e r s or by o t h e r i n d i v i d u a l s f i n a n c e d by bank loans*
5 / I n c l u d e s Armed Forces Leave bonds.
U Mortgage debt t o i n s t i t u t i o n s on o n e - t o - f o u r f a m i l y nonfarm d w e l l i n g s .
L a r g e l y a t t r i b u t a b l e t o purchases of automobiles and o t h e r d u r a b l e consumers* goods, although i n c l u d i n g some debt a r i s i n g from purchases of
consumption goods. The o t h e r segments of i n d i v i d u a l s * debt have been a l l o c a t e d t o t h e a s s e t s t o which t h e y p e r t a i n , v i z . , s a v i n g i n s a v i n g s
and loan a s s o c i a t i o n s , i n s u r a n c e and s e c u r i t i e s .
6 / Construction of o n e - t o - f o u r f a m i l y nonfarm dwellings l e s s n e t a c q u i s i t i o n of p r o p e r t i e s by n o n - i n d i v i d u a l s .
c o n s t r u c t i o n by n o n - p r o f i t i n s t i t u t i o n s .
Also i n c l u d e s a small amount of
2/ Consumer expenditures on d u r a b l e goods a s e s t i m a t e d by t h e Department of Commerce.
NOTE;
>
F i g u r e s a r e rounded and w i l l n o t n e c e s s a r i l y add t o t o t a l s . A s t e r i s k (#) i n d i c a t e s l e s s than ^50 m i l l i o n . The f o r e g o i n g d a t a have been
compiled by t h e Commission from many d i f f e r e n t s o u r c e s . Because of t h e n a t u r e of t h e f i g u r e s , c u r r e n t d a t a a r e n e c e s s a r i l y e s t i m a t e s and.
therefore, are subject to revision.
01
0 2
02
,
