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FEDERAL

RESERVE

statistical
* * * f^AL

release

REST-V

E.8
February 9, 1973

V o l u m e and C o m p o s i t i o n of Individuals' Saving - F o u r t h Q u a r t e r , 1 9 7 2
(Millions of dollars)

UNADJUSTED QUARTERLY FLOWS

UNADJUSTED QUARTERLY • LOWS

"
1971

1972

I
1

1970

I
1

IV

III

1971
I

- —

.... I I

III

IV

I
1

1972
I

II

IV

III

96.281
8.605
73.533

124.327
12.573
78.909

31 . 3 1 2
5 .437
16 . 5 3 5

24.923
7.450
13.875

18.185
-5.179
26.511

22.918
2.930
17.391

27.033
2.506
13.283

28 . 1 4 5
8 .348
16 • 34 A

?? . 6 9 6
.4 .919
?3 . 3 5 8

28 . 9 0 1
-329
20 . 5 2 6

35.798
6.615
19.323

36.932
11.206
15.702

1
?
3

-19.190
2.425
-19.273
-5.792
4.928

-41
3.296
-5.831
1.05P
4.174

2 .151
131
1.562
1*1
211

-5.388
425
-6.153
-809
-171

-11.243
480
-7.849
-4.830
1.517

-5.798
676
-6.423
-1.119
1.216

4.071
612
-1.426
412
2.021

- 6 .270
657
- 3 .575
-255
174

- 1 .515
797
.198
- 1 .337
9Q0

- 1 .057
847
- 3 .831
533
1.446

2.277
772
-1.054
1 .261
1.202

254
BFTO
1 .25?
593
534

4
S
6
7

7.598
-3.867
1.309
-6*518

3.191
-2.017
-155
-3.749

4 .359
-4 . 9 0 3
616
33

3.280
-17
303
-2.246

2.848
-1.249
553
-2.713

2.188
-745
-297
-1.294

2.429
-374
271
126

133
- 1 .499
782
- 2 .637

1.084
-309
482
- 1 .024

1.346
-82
-590
-726

952
-1.359
-119
622

6.556
3.300
7.256
9.759
6.462

6.848
3.842
5.632
10.643
5.921

1.254
835
1 .890
1 .740
1.470

1.387
826
2.402
1 .954
2.417

1.515
823
2.015
2.162
1.581

1.639
825
1.546
3.714
671

1.702
826
1.400
1.750
1 .495

1.700
826
2 .295
2 .133
2 .715

1.721
900
737
714
1.700

1.682
950
1.508
.956
665

1.701
1.000
1.437
2.103
1.342

1.744
99?
1.950
2.870
2.214

13

18 GROSS I N V . I N TANGIBLE ASSETS
NONFARM HOMES
19
NONCORP BUS.CONSTR • E Q U I P ,
20
CONSUMER DURABLES
21
INVENTORIES
22

167.657
25.843
35.826
103.482
2.506

191,049
32.444
41.531
116.261
813

34 . 5 3 8
4 .561
7 .956
22 . 0 7 6
-55

37.648
5.690
7.549
24.990
-581

36,452
5.414
7.479
22.105
1.454

41.852
5.460
9.547
26.069
776

42.203
6.703
9.509
25.507
484

47 . 1 5 0
8 .266
9 .291
29 . 8 0 1
-208

42 . 3 6 8
7 .260
9 .504
24 . 8 5 5
749

48 . 0 2 3
7 .331
10 . 9 8 5
29 . 2 5 4
453

47.121
8.397
10.421
28.466
-163

53.537
9.456
10.621
33.68*
-226

18
19
?0
21
22

23 C A P I T A L CONSUMP. ALLOWANCES
NONFARM HOMES
24
NONCORP.BUS. PLANT • E Q U I P .
15
CONSUMER DURABLES
26

121.225
9.388
24.507
87.330

130.960
10.045
26.500
94.415

28 . 2 7 3
2 .257
5 .673
20 . 3 4 3

28.809
2.280
5.750
20.779

29.455
2.335
5.920
21.200

29.974
2.327
6.041
21.606

30.584
2.351
6.198
22.035

31 . 2 1 ?
2 .375
6 .346
22 . 4 8 9

31 . 7 8 5
2 .397
6 .451
22 . 9 3 7

32 . 8 3 1
2 .744
6 .709
23 . 3 7 8

32.896
2.441
6.626
23.829

33.448 21
2 . 4 6 3 24
6 . 7 1 4 25
24.271 26

46.432
16.455
11.319
16.152
2.506

60.089
22.399
15.031
21.846
813

6 .265
2 .304
2 .283
1.733
-55

8.839
3.410
1.799
4.211
-581

6.997
3.079
1.559
905
1.454

11.878
3.133
3.506
4.463
776

11.619
4.352
3.311
3.472
484

15 . 9 1 8
5 .891
2 .943
7 .312
-208

10 . 5 8 3
4 .863
3 .053
1.918
749

15 . 1 9 2
4.587
4 .276
5 .876
453

14.225
5.956
3.795
4.637
-163

20.089
6.993
3.907
9.415
-226

27
28
29
30
31

S2 INCREASE I N DEBT
MTG. DEBT ON NONFARM HOMES
S3
NONCORP B U S . M T 6 . DEBT
34
§5
CONSUMER CREDIT
SECURITY CREDIT
56
§7
POLICY LOANS
OTHER DEBT
38

59.595
24.519
11.262
10.435
2.086
979
10.314

86.072
35.635
13.148
19.170
6.969
1.074
9.876

11 . 4 7 7
3.170
2 .639
I .365
97
500
3 .706

6.846
3.583
1.903
-3.198
367
233
3.958

20.593
5.380
3.270
3.784
741
224
7.194

17.590
7.047
3.434
3.256
166
271
3.416

14 . 5 6 6
8.509
2 .655
6 .593
812
251
-4 .254

13 . 9 1 6
6 .949
2 .493
-515
1 .989
181
2 .819

27 . 0 8 5
8 .418
3.724
5 .933
1.713
313
6.984

23.397
9.523
3.772
5.164
1.631
254
3.053

21.674
10.945
3.159
8.588
1.636
326
-2.980

32
33
34
35
36
37
38

59 INDIVIDUAL S A V I N G ( l * 2 7 - 3 2 )

83.118

98.344

18.336

14.203

21.062

29 . 5 1 7

19 .363

17 .008

26.626

35.347

39

4
5
6
7
8
9
It
11
12
13
14
15
16
17

SECURITIES
U . S . SAVINGS BONDS
OTHER U . S . TREASURY SEC.
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
CORP. AND FOREIGN BONDS
COMMERCIAL PAPER
INVESTMENT CO. SHARES
OTHER CORPORATE STOCK
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 . RES.
GOVT. I N S . + P E N . RESERVES
M I S C . F I N A N C I A L ASSETS

27 NET I N V . I N TANGIBLE ASSETS
NONFARM HOMES
18
NONCORP B U S . C O N S T R . • EQUIP
29
CONSUMER DURABLES
36
INVENTORIES
31

(!)

.........

..................

...

-----

...

6.010
3.789
2.229
2.895
395
397
-3.695

' —

...

-?

*

9
-191
-267 in
72 11
- 2 . 6 2 1 1?

15
16
17

!
1

1 I N C R . I N F I N A N C I A L ASSETS
CURR. AND DEMAND DEPOSITS
2
SAVINGS ACCOUNTS
3

2 6 .100

27.752

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

Corrected Version

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.


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

February 9, 1973
V o l u m e a n d C o m p o s i t i o n of I n d i v i d u a l s ' S a v i n g - F o u r t h Q u a r t e r , 1 9 7 2
(Billions

SEASONALLY

ADJUSTED

ANNUAL

of

dollars)

SEASONALLY

PATES
1
I

II

II

III

1969

1970

1971

1972

1
2
3

62.6
3.6
6.1

87.1
6.3
44.5

96.3
8.6
73.5

124.3
12.6
78.9

87.9
15.1
100.9

90.0
P.6
65.1

90.6
-1.4
57.3

10 6 . 1
11.1
70.6

100.2
15.2
88.8

128.2
-3.1
78.4

4
5
6
7
8

27.3
- .4
8.1
4.3
7.6

5.6
.3
-7.3
2.6
2.0

-19.2
2.4
-19.3
-5.8
4.9

*

3.3
-5.8
1.1
4.2

-63.5
1.9
-40.7
-18.4
5.0

-6.2
2.7
-11.3
-4.5
4.5

3.4
2.4
•16.4
.9
7.2

-10.8
2.6
-9.0
-1.2
3.0

-29.8
3.2
-21.0
—5 . 6
2.6

15.7
3.4
1.9
2.4
5.7

-4.6
3.1
-17.0
5.3
3.8

18.3
3.5
12.6
2.0
4.6

SECURITIES
U . S . S A V I N G S BONDS
OTHER U . S . TREASURY S E C .
U . S . 6 AGENCY S E C U R I T I E S
STATE • LOCAL O B L I G A T I O N S

9
10
11

5.7
5.9
5.5
-9.6

12.4
-1.8
2.6
-5.2

7.6
-3.9
1.3
-6.5

3.2
-2.0
- .2
-3.7

11.2
-7.7
-2.0
-12.9

7.0
-4.1
2.7
-3.4

9.0
.2
2.0
-2.0

3.1
-4.0
2.5
-7.8

4.1
-4.3
-2.7
-6.1

3.3
-1.6
2.0
-1.3

3.4
-3.6
.4
*

2.0
1.4
-.3
-7.5

CORP. AND FOREIGN BONDS
COMMERCIAL PAPER
INVESTMENT CO. SHARES
OTHER CORPORATE STOCK

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

6.8
3.8
5.6
10.6
5.9

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

6.9
3.6
3.2
4.5
7.7

6.7
3.8
7.4
15.6
3.7

6.8
4.0
5.2
10.0
7.3

7.0
4.0
6.7
12.4
5.0

143.0

140.9
19.6
30.6
90.5

167.7
25.8
35,8
103.5
2.5

191.0
32.4
41.5
116.3

159.0
22.3
33.1
99.8
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

182.6
29.6
40.8
111.0
1.1

1 8 8 ,, 4
32 , 4
4 0 ,. 7
113 . 9
1 .4

193.1
33.4
41.3

200.1
34.3
43.3
121.5
1.0

GROSS I N V . I N T A N G I B L E
NONFARM HOMES
NONCORP BUS.CONSTR •
CONSUMER DURABLES
INVENTORIES

EQUIP.

1"
19
20
21
2?

112.2

121.2

131.0

117.8
9.3
23.7
84.8

119.9
9.3
24.2
86.4

122.3
9.4
24.8
88.1

124.8
9.5
25.4
90.0

127.1
9.6
25.8
91.7

131
11
26
93

.3
.0
.8
.5

131.FR
9.8
26.5
95.3

133.8
9.9
26.9
97.1

C A P I T A L CONSUMP. ALLOWANCES
NONFARM HOMES
N O N C O R P . B U S . PLANT • E Q U I P .
CONSUMER DURABLES

23
24
25
26

41.2
12.9
9.4
15.0
3.9

45.0
16.0
11.0
15.5
2.7

50.1
17.3
12.4
18.0
2.5

49.3
19.7
12.5
16.2
1.0

55.4
20.1
15.0
19.3
1.1

57 . 1
21 . 4
13 . 9
20 . 4
1 .4

61.6
23.6
14.8
23.3

.2

66.3
24.5
16.5
24.4
1.0

NET I N V . I N T A N G I B L E ASSETS
NONFARM HOMES
NONCORP B U S . C O N S T R . * E Q U I P
CONSUMER DURABLES
INVENTORIES

27
2*
29
30
31

40.7
13.9

59.0
23.4
11.3
9.0
3.0
.9

64.2
29.1

73.7
31.7
11.4
14.5
3.0

74.4
27.5

86.9
39.1
13.5
18.7
6.4
1.0
8.2

99.7
41.3
13.4
26.1
6.3
1.3
11.4

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

3?
31
34
35
36
37
3A

12
13
14
15

16
17
IE
19
26
11

22
23

14
25
16

17
26
29
80
SI

S2

33
34
35
36
37
38
39
40
*1
41
*3
44
45
46

22.0
29.2
90.8

1.1

104.5
8.7
21.3
74.6

.1

38.5
13.3
7.9

16.2

1.1

41.6

16.2

6.9
9.3
-2.5

9.0

22.6

80.6
28.7

10.6
8.1
9.9

32.8
12.5

8.0

9.0

4.3
-1.9
2.3
7.5

59.6
6.6
16.2

82.9
9.2
9.9

2.5

.9
-.2
63.1
54.8
8.2

2.6

34.2
38.2
-4.0

9.4
24.5
87.3
46.4
16.5
11.3
16.2
2.5

59.6
24.5
11.3
10.4

2.1
1.0

.8

10.0

26.5
94.4

60.1
22.4
15.0

21.8
.8
86.1
35.8
13.1
19.2
7.0

1.1

I

ADJUSTED ANNUAL BATES

1972

1971

10.2
4.0

1.8

10.3

9.9

.9
9.8

83.1
9.8
16.2

98.3
10.6
21.8

88.5
10.3
15.0

.8

1.3
.1
64.5
54.7
9.8

.1
-.1
63.2
59.3
3.9

56.5
60.9
-4.5

11.+

85.1

10.8
15.5

1.2
-.1
57.6
64.1
-6.5

lie.6

147.8
26.0
68.4

8.7

1.0
12.2

.7
12.3

82.4
35.5
13.1
18.0
7.0
1.3
7.6

76.5
8.5
18.0

81.7
9.5
16.2

81.2
4.5
19.3

1 0 2 ,,9
1 5 ,, 6
20, 4

94.9
10.0
23.3

114.4
12.4
24.4

1.2

.6

1.0

1,, 4

1 .2

48.8
61.0
-12.2

55.4
59.3
-3.9

56.4
55.7
.7

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

60.4
50.6
9.*

1.7
.1
75.7
62.4
13.3

12.2
12.6
.6
1.1

12.6
13.1

8.2

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




120.3
1 1 .6
80.0

•

TNCR. I N F I N A N C I A L ASSETS
C U P R . AND DEH6NH D E P O S I T S
S A V I N G S ACCOUNTS

P V T . L I F E I N S . RESERVES
P V T . INSURED P E N . RESERVES
P V T . NONINSUREO P E N . R E S .
G O V T . I N S . • P E N . RESERVES
M I S C . F I N A N C I A L ASSETS

ASSETS

NET I N V , I N CONS. DU*
CAPITAL GAINS DIVIDENDS
FROM I N V E S T . COS.
NET S V G . BY FARM CORPS.

10
1 1
1?
13
14
15
1*
17

39
40
41
42
41
44
45