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E.8
February 9, 1972

Volume and Composition of Individuals' Saving -Fourth Quarter, 1971
( M i l l i o n s of d o l l a r s )

UNADJUSTED QUARTERLY FLOWS

UNADJUSTED QUARTERLY FLOWS
1
1

YEAR TOTALS
1971
1970

1969
III

1
IV 1

1970
I

1971
II

I

III

IV
28 .781 INCR. IN FINANCIAL ASSETS
C U R R . AND DEMAND DEPOSITS
7 .435
SAVINGS ACCOUNTS
13 .573
SECURITIES
.149
-1
U.S. SAVINGS BONDS
725
OTHER U.S. TREASURY SEC.
-1 . 79 5
U.S.G
AGENCY SECURITIES
.041
1
STATE + LOCAL OBLIGATIONS
- I . 196
C O R P . AND FOREIGN BONOS
681
INVESTMENT C O . SHARES
572
OTHER CORPORATE STOCK
- I . 177

1
2
3
4
5
6
7
8
9
10
11

18.241
-4.304
23.821
-9.395
480
-5.785
-4.095
-2
2.254
395
-2.642

21.560
1.810
15.902
-4.691
676
-4.633
-694
-745
2.480
-11
-1.764

31.628
5.586
12.606
6.978
612
-91
921
2.536
2.382
-250
868

1.202
766
1.700
1.579
1.474

1.193
777
2.265
1.973
2.208

1.202
1.475
2.015
1.926
1.501

1.195
85.0
1.546
4.095
853

1.241
1.050
1.376
1.685
1.106

35.510
31.773
3.942
4.914
6.783 . 8 . 0 3 3
23.276
19.596
259
480

33.670
4.468
7.743
21.490
-31

36.808
5.609
7.445
24.262
-508

35.080
5.267
7.351
21.366
1.096

40.026
5.059
9.282
25.417
268

40.971
6.405
9.685
24.779

46.047 GROSS INV. IN TANGIBLE ASSETS
7.985
NONFARM H O M E S
9.221
NONCORP BUS.CONSTR + EQUIP.
28.881
CONSUMER DURABLES
-40
INVENTORIES

17
18
19
20
21

27.390
2.278
5.562
19.550

27.88(7
2.299
5.600
19.98 f

28.239
2.319
5.638

28.455
2.341
5.683
20.431

28.835
2.408
5.818
20.609

29.142
2.413
5.911

29.459
2.452

20.818

20.981

29.858 CAPITAL C O N S U M P . ALLOWANCES
2.470
NONFARM H O M E S
6.204
NONCORP.BUS. PLANT + EQUIP.
21.184
CONSUMER DURABLES

22
23
24
25

5.431
2.149
2. 105

8.353
3.268
1.762
3.831
-508

6.245
2.859
1.533
757
1.096

10.884
2.646
3.371
4.599
268

11.512
3.953
3.659
3.798

16.189 NET INV. IN TANGIBLE ASSETS
5.515
NONFARM H O M E S
3.017
NONCORP BUS.C0NSTR.4- EQUIP
7.697
CONSUMER DURABLES
-40
INVENTORIES

26
27
28
29
30

19.073
5.380
2.965
3.784
741
224
5.979

15.504
6.087
3.851
3.302

19.990 INCREASE IN DEBT
7.802
MTG. DEBT ON NONFARM HOMES
2.917
NONCORP BUS. M T G . DEBT
6.547
CONSUMER CREDIT
1.033
SECURITY CREDIT
242
POLICY LOANS
1.449
OTHER DEBT

31
31
33
34
35
36
37

13.371

27.636

24.980 INDIVIDUAL

38

16.290
4.798
1.163
2.965
14
1.599
1.501
-555
1.739
1.212
-2.545

11.409
-4.906
2.184
8.345
-227
3.324
2.297
529
2.883
1.115
-1.576

4.871
4.193
6.711
9.959
6.304

1.223
729
1.642
1.515
401

1.208
742
2.112
683
2.619

1.205
750
1.508
1.348
975

17 137.761 162.124
24.716
18
IS.933
35.539
19
30.004
20
18.62* 100.443
1.426
21
200

34.617
5.567
. 7.308
21.492
250

38.163
5.729
7. 171
25.573
-310

22 111.971 117.294
< 23
9.237
9.743
24 22.483
23.959
25
80.251
83.592

26.461

5.403
18.837

26.928
2.255
5.506
19.167

2.221

1
IV 1
24.072
6.598
11.900
-2.842
425
-3.894
-657
126
3.116
247
-2.205

20.279
4.836
785
9. 148
-190
5.786
443
632
2.303
1.146
-972

4.805
3.050
6.572
9.014
5.728

III
26.755
4.186
10.456
5.392
131
1.164
1.349
-1.424
3.524
582
66

74.628 100.210
10.527
4.819
65.902
32.236
8.404 - 8 . 2 5 7
2.493
281
-4.194 -12.304
-2.827
4.208
593
-1.482
7.797
12.179
706
2.444
-5.032 - 4 . 7 1 5

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

II
12.39 I
-1.059
7.696
-2.49 1
-4 2
-4.78e
1.219
-71 3
2.656
50 0
-1.317
1.205
757
1.099
4.114
l.OM

20.282

26
27
28
29
30

23.790
9.696
7.521
8.373
200

44.830
14.973
11.580
16.851
1.426

8.156
3.346
1.905
2.635
250

11.235
3.474
1.665
6.406
-310

4.383
2.636

46
480

7.62 3
1.643
2.433
3.288
25 9

31
32
33
34
33
36
37

28.974
12.496
8.027
4.333
-1.883
2.269
3.732

57.267
22.852
11.586
10.435
2.947
966
8.481

9.292
3.824
2.035
2.013
-1.291
891
1.820

9.237
4.265
1.304
4.461
310
661
-1.764

542
3.005
1.032
-2:771
-1.346
734
-112

11.249
2.540
2.127
2.844
-1.040
66 6
4.11 2

7 .555
3 .170
2 .640
1 .365
218
511
-349

9.628
3.781

2.895
285
358
81

2.700
3.583
1.853
-3.198
367
233
-138

38

71.444

87.773

19.143

18.288

15.250

8.766

24 .631

22.797

21.786

1.221

1.208
-31

2.228

102

6.026

102

806

267
1.191

1 .233
818
1 .774
2 .253
2 .844

PVT. LIFE INS. RESERVES
PVT. INSURED PEN. RESERVES
PVT. NONINSUREO PEN. RES.
G O V T . INS. • PEN. RESERVES
MISC. FINANCIAL ASSETS

SAVING!1+26-31)

(II Combined statement for households, farm and nonfarm noncorporate business.

These tables on individuals' saving are a combination 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 business1' 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.


The figures for fourth-quarter flows are based on incomplete information and are preliminary and
i
http://fraser.stlouisfed.org/
tentative estimates.
Federal Reserve Bank of St. Louis

12
13
14
15
16

E. 8
February 9, 1972

Volume and Composition of Individuals' Saving-Fourth Quarter, 1971 ^
( B i l l i o n s of d o l l a r s )

SEASONALLY ADJUSTED ANNUAL R A T E S f

SEASONALLY ADJUSTED ANNUAL R A T E S
1968

1969

197C

1971

I
2
3
4
5
6
7
8
9
10
11

69.6
11.3
28.6
4.0
.4
3.5
1.4
.9
5.4
4.7
-12.2

60.9
6.0
13.3
16.2
—.4
9.1
4.5
1.5
5.4
5.7
-9.5

74.6
4.8
32.2
8.4
.3
-4.2
4.2
-1.5
12.2
2.4
-5.0

100.2
10.5
65.9
-8.3
2.5
-12.3
-2.8
.6
7.8
. 7
-4.7

12
13
14
15
16

4.6
2.9
6.4
5 .9
5.9

4.8
2.9
6.3
6.2
5.1

4.8
3.1
6.6
9.0
5.7

4.9
4.2
6.7
10.0
6.3

I7
18
19
20
21

132.5
21.1
26.7
84.0
.6

141.0
21.6
28.5
89.9
.9

137.8
18.9
30.0
88.6
.2

22
23
24
25

95.3
8.3
19.6
67.4

104.6
8.8
21.4
74.4

26
27
28
29
SO

37.2
12.8
7.1
16.7
.6

31
32
33
34
35
36
37

1
1

19 70
I

I I

III

IV

1
1

1971
I

III

106.7
16.3
63.3
— 5.2
2.7
-8.5
-3.6
-.2
9.3
-.2
-4. 7

103. 3
10. 2
52. 6
13 .3
2. 4
-5.4
3. 2
6. 0
6. 6
I
5

10.2
2,7
-2.8

84.9
5.1
44.2
6.6
.5
-1.4
5.0
-9.5
11.3
3.4
-2.7

80.7
1.1
49. 1
-1.2
1.7
14.8
-1.4
2.7
14.9
2.1
—6. 4

4.8
3.0
5.7
6.6
5.1

4/6
3.0
5.1
13. 1
4. 1

4.8
3.1
6.2
7.5
7.5

4.8
3. 1
9.0
8.9
6.0

4.8
5.9
7.8
9.0
7. 1

4.8
3.4
7.2
13.0
3.9

5. 0
4 .2
4 .8
7. 9
5. 3

162.1
24.7
35.5
100.4
1.4

137.8
19.7
29.4
88.6
.1

140. 4
19. 4
29. 4
90 ..7
.9

138.7
17.3
30.2
90.4
.9

134.0
19.2
31.0
84.9
-1.1

154.4
21.7
33.3
96.6
2.7

159.6
24.2
35.3
99.1
1.0

166.5
25.3

102.8
1.3

112.0
9.2
22.5
80.3

117. 3
9.7
24.0
83.6

109.6
9. 1
22.2
78.2

111. 5
9.2
22,4
80.0

113.0
9. 3
22.6
81.1

113.8
9.4
22.7
81.7

115.3
9.6
23.3
82.4

116.6
9.7
23.6

117.6
9.8
24.1

36.4
12.•
7.1
15.5
.9

25.8
9.7
7.5
8.4
.2

44.8
15.0
11.6
16.9
1.4

28.2
10.6
7.2
10.4
.1

28/6
10.2
7.0
10..7
.9

25.7
8.0
7.6
9.2
.9

20.2
9.9
8.3
3.1
-1.1

39.0
12.1
10.1
14.2
2.7

43.3
14.9
6.6
11.1
2.1
1.3
7.4

41.1
16.2
6.9
9.3
-2.5
2.6
8.5

29.0
12.5
8.0
4.3
-1.9
2.3
3.7

57.3
22.9
11.6
10.4
2.9
1.0
8.5

24.3
11.0
6.5
4.8
-5.2
2.9
4.3

26. E
12. 1
6. 5
6. 1
-3. 1
2.»7
3. 2

37.2
13.7
9.4
6.2
.9
2.0
4.9

27.2
13.0
9.8
.2
.6
1.4
2.1

38
39
40

63.5
5.9
16.7

56. 1
6.2
15.5

71.4
9.0
8.4

87.8
10.0
16.9

61.3
6.6
10.4

77. 3
13. 1
10. 1

73.5
7.5
9.2

41
42
43
44
45

2.5
*
38.5
39.8
-1.3

2.5
*
31.9
37.9
-6.0

.9
*
53.1
54.1
-.9

.8

1.4
*
42.9
46.2
-3.3

1.2

.8

(I)

60.1
60.4
-.2

57.4
5.5
5.0
21.7
-.9
6.4
9.3
1.2
12.3
1.6
-8.3

75.3
7.5
30.,7
6.5
-7. 0
3.9

-.4

«

52.1
54. 1
-I. 9

$

55.9
57.4
-1.5

85.0
7.4
91.2
-48.2
1.9
-30.4
-16.4
-.9
9.9
.2
-12.5

II

IV
106.0 I NCR. IN FINANCIAL ASSETS
C U R B . AND DEMAND DEPOSITS
8.3
SAVINGS ACCOUNTS
56.5
SECURITIES
7.1
U . S . SAVINGS BONDS
2.9
OTHER U.S. TREASURY SEC.
-4.9
U.S.G AGENCY SECURITIES
5.5
SI ATE * 10CAL OBLIGATIONS
-2.5
C O R P . AND FOREIGN BONOS
5.3
INVESTMENT CO. SHARES
2.9
OTHER CORPORATE STOCK
-2. 1
4.9
3.3
7. 1
10.0
8.9

PVT. LIFE INS. RFSERVf S
PVT. INSURED PEN. RE SERVES
PVT. NONINSURED PEN. RES.
GOVT. INS. + PEN. RESERVES
MISC. FINANCIAL ASSETS

\y
3
4
5
6
7
8
U
10
11
12
13
14

l

\

16/

168.1 GROSS INV. IN TANGIBLE ASSETS
27.6
NONFARM HOMES
36.5
NONCORP 6US.C0NSTR * EQUIP.
103.2
CONSUMER DURABLES
.7
INVENTORIES

17
1«
19
20
21?

83.9

119.4 CAPITAL CONSUMP. ALLOWANCES
9.9
NONE ARM HOMES
24.8
NONCORP. BUS. PLANT + EQUIP.
84.7
CONSUMER DURABLES

22
23
24
25

43.0
14.6
11.%
15.9
1.0

48.7
15.5
12.9
18.9
1.3

48.6 NET INV. IN TANGIBLE ASSETS
17.8
NONFARM HOMES
11.7
NONCORP BUS.CONSTR.+ EQUIP
18.5
CONSUMER DURABLES
.7
INVENTORIES

26;
2T
28
29
30

40.6
13.3
9.8
4.1
1.7
.9
10.8

57.3
23.6
9.8
9.2
3.3
.9
10.5

62.9
25.4
14.2
13.9
3.2
1.1
5.1

6 6 . 9 INCREASE IN DEBT
29.0
MTG. DEBT ON NONEARM HOMES
12.6
NONCORP BUS. MTG. DEBT
14.6
CONSUMER CREDIT
3.6
SECURITY CREDIT
1.0
POLICY LOANS
6.2
OTHER DEBT

31
32*
33
34
35
36
37

73.7
6.9
3.1

83.4
9.0
14.2

92.3
13.0
15.9

89.0
7.9
18.9

38*
39
40

.2
*
61.4
58.5
2.9

.4

1.3

.9
*
61.3
61.0
.3

87.8 INDIVIDUAL SAVING! 1*26-31 1
10.0 LESS- GOVT.INS* PEN RESERVES
18.5
NET INV. IN CONS. OUR
CAPITAL GAINS DIVIDENDS
.8
FROM INVEST. COS.
*
NET SVG. BY FARM C O R P S .
58.5 EQUALS PERS SAVING, F/F BASIS
58.3 PERSONAL SAVING. NtA BASIS
.3 DIFFERENCE (43-441

83.3

$

59.8
58.6
1.2

62.2
63.6
-1.3

37.0

41
42
43
44 >
45

Combined statement for households, farm and nonfarm noncorporate business.




h

1