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FEDERAL
RESERVE
statistical release

A%/.

E.8
February 5, 1975
Volume and Composition of Individuals' S a v i n g - F o u r t h Q u a r t e r , 1 9 7 4

(1)

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

UNADJUSTED QUARTERLY FLOWS
1973

1974

UNADJUSTED QUARTERLY FLOWS

I
1972
I III

1974

1973
IV

|

II

III

IV

II

I

III

IV

1 138.164 129.270
3.768
13.054
2
67.673
59.147
3

31 . 0 7 8
1.560
19 . 4 0 2

40.C95
14.242
15.258

26.002
-7.084
23.452

38 . 5 5 1
5 .709
18 . 5 1 1

26 . 6 2 2
46
12 . 6 5 0

36 . 9 8 9
14 . 3 8 3
13 . 0 5 2

25.97c
-7.906
21.936

37.076
5.898
15.403

31.508
-3.255
7.121

34.707
9.031
14.687

INCREASE I N FINANCIAL ASSETS
DEMAND D E P O S I T S • CURRENCY
SAVINGS ACCOUNTS

1
2
3

4
5
6
7
8

21.046
2.700
6.521
11.139
4.335

22.048
3.034
447
9.477
11.737

2.553
772
-136
766
72

-137
879
782
562
244

2.403
891
539
2.471
1.001

3 .956
911
489
3 .217
776

14 . 9 2 5
441
5 .191
.551
2 .300

-238
457
302
900
258

5.331
780
4.044
-960
1.326

1.672
822
-3.246
4.001
2.290

17.236
611
3.801
6.614
5.149

-2.191
821
-4.152
-178
2.972

SECURITIES
U . S . SAVINGS BONDS
OTHER U . S . TREASURY S E C .
U . S . GOVT. AGENCY S E C .
STATE + LOCAL OBLIGATIONS

4
5
6
7
8

9
10
11
12

1.059
3.464
-1.586
-6.586

-3.035
—350
1.573
-835

1.456
-544
-247
414

-386
1.711
-19
-3.910

337
-1.971
-342
-523

501
-1 .004
-642
-292

14
2 .617
128
-317

207
3 .822
-730
- 5 .454

1.114
-1.886
181
732

-645
-104
-572
-874

-901
2.001
745
-784

-2.603
-361
1.219
91

CORPORATE + FOREIGN BONDS
COMMERCIAL PAPER
INVESTMENT COMPANY SHARES
OTHER CORPORATE E Q U I T I E S

9
10
11
12

13
14
15
16
17

7.209
5.150
7.737
11.540
4.755

7.206
5.681
11.092
14.769
5.559

1.630
1.558
1.489
2.039
847

1.684
1.328
2.976
2.967
1.777

1.750
1.230
2.182
2.291
-222

1.824
1 .266
1.229
4 .811
1.245

1.640
1.305
2 .410
2 .132
1.306

1 .795
1.349
.916
2 .306
2 .426

1.768
773
2.056
1.799
222

1.857
1.930
2.302
6.735
1.279

1.809
1.432
3.289
2.465
1.391

1.772
1.546
3.445
3.750
2.667

16 2 1 3 . 1 4 8 2 0 4 . 8 4 2
32.539
19 3 7 . 5 3 7
41.266
42.813
20
21 1 3 0 . 3 1 0 1 2 7 . 7 5 3
2.488
3,284
22

47 .528
8 .690
10 . 5 8 3
28 . 8 8 4
-629

54.156
10.263
10.066
34.658
-831

49.162
9.412
9.307
29.556
887

53
8
11
33

.671
.102
.729
.612
228

53 .030
9 .239
11 . 7 7 6
31 .646
369

57 .285
10 . 7 8 4
10 . 0 0 1
35 .496
1.004

46.493
8.414
8.983
27.307
1.789

51.828
5.988
11.915
32.900
1.025

52.097
7.960
11.317
32.395
425

5 4 . 4 2 4 GROSS I N V . IN TANGIBLE ASSETS
18
10.177
NONFARM HOMES
19
9.051
NONCORP. B U S . PLANT • E Q U I P . 2 0
CONSUMER DURABLES
35.151
21
45
INVENTORIES
22

23 1 4 3 . 5 1 2 1 4 7 . 8 7 4
24
10.358
10.629
25
29.902
32.863
26 1 0 3 . 2 5 2 1 0 4 . 3 8 2

33 . 0 0 5
2 .531
6 .784
23 . 6 9 0

33.904
2.559
7.004
24.341

34.720
2.560
7.090
25.070

35
2
7
25

.937
.631
.432
.874

36
2
7
26

.341
.574
.552
.215

36 . 5 1 4
2 .593
7 .828
26 . 0 9 3

36.657
2.614
7.976
26.067

37.012
2.695
8.160
26.137

37.025
2*654
8.308
26.063

3 7 . 1 8 0 CAPITAL CONSUMPTION ALLOWANCES
2.666
NONFARM HOMES
8.399
NONCORP. B U S . PLANT + E Q U I P .
26.115
CONSUMER DURABLES

23
24
25
26

PRIVATE L I F E INSURANCE R E S .
PRIVATE INSURED PENSION R E S .
PRIVATE NONINSURED PEN. R E S .
GOVT. INSURANCE • P E N . R E S .
MISCELLANEOUS F1NAN. ASSETS

13
14
15
16
17

27
28
29
20
31

69.636
27.179
12.911
27.058
2.488

56.968
21.910
8.403
23.371
3.284

14 . 5 2 3
6 .159
3 .799
5 .194
-629

20.252
7.704
3.062
10.317
-831

14.442
6.852
2.217
4.486
887

17 . 7 3 4
5 .471
4 .297
7 .738
228

16 . 6 8 9
6.665
4 .224
5 .431
369

20 . 7 7 1
e .191
2 .173
9 .403
1 .004

9.836
5.800
1.007
1.240
1.789

14.816
3.293
3.735
6.763
1.025

15.072
5.306
3.009
6.332
425

1 7 . 2 4 4 NET I N V . IN TANGIBLE ASSETS
NONFARM HOMES
7.511
652
NONCORP. B U S . PLANT • E Q U I P .
9.036
CONSUMER DURABLES
45
INVENTORIES

27
28
29
30
31

32
33
34
35
36
37
38

87.619
44.208
12.858
22.922
—4.570
2.226
9.975

55.677
32.220
12.040
9.635
-2.416
2.709
1.489

21.022
10.179
3.949
5.164
620
259
851

22.922
11.297
3.420
8.588
295
226
-904

17.362
10.554
2.145
1.756
-984
288
3.603

27.819
11.543
4.561
7.763
-1.338
391
4.899

26.095
11.681
4.355
5.952
-1.014
850
4.271

16.343
10.430
1.797
7.451
-1.234
697
-2.798

8.290
8.946
1.133
-2.914
197
341
587

24.767
9.137
4.312
5.853
-244
765
4.924

15.818
6 .405
4.173
4.481
-2.438
883
2.314

6.802
7.732
2.422
2.215
69
700
-6.336

INCREASE IN DEBT
MTG. DEBT ON NONFARM HOMES
NONCORP B U S . MORTGAGE DEBT
CONSUMER CREDIT
SECURITY CREDIT
POLICY LOANS
OTHER DEBT

32
33
34
35
36
37
38

39 1 2 0 . 1 8 1 1 3 0 . 5 6 1

24.579

37.425

23.082 . 28.466

27.216

41.417

27.525

27.125

30.762

45.149

I N D I V I D U A L S ' SAVING

39

I V / 7 4 FIGURES ARE TENTATIVE ESTIMATES BASED ON INCOMPLETE INFORMATION.

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




CI*27-22)

E.8
February 5, 1975
Volume a n d Composition of Individuals' S a v i n g - F o u r t h Q u a r t e r , 1 9 7 4
( B i l l i o n s of d o l l a r s )

SEASONALLY ADJUSTED ANNUAL RATES

SEASONALLY ADJUSTED ANNUAL KATES
1
I

1973

1974

1
1

IV

II

III

128.8
10.4
76.0

141.7
9.9
63.4

119.4
-7.5
27.6

127.2
2.4
69.5

14.?
1.7
6.6
6.1
2.0

13.0
3.2
14.0
-2.7
4.8

16.1
3.0
-3.0
14.4
9.2

53.7
2.7
3.6
24.1
20.1

5.4
3.2
-12.8
2.1
12.C

SECURITIES
U . S . SAVINGS BONOS
OTHER U . S . TREASURY S E C .
U . S . GOVT. AGENCY S E C .
STATE • LOCAL OBLIGATIONS

4
5
6
7
8

-1.4
11.2
1.2
-1.5

6.1
11.6
-3.7
-16.3

2.5
-6.3
-2.5

—4 . 5
2.1
-1 .6
-2 .5

-5.3
8.3
3.6
-3.5

-4.8
-5.5
4.2
6.2

CORPORATE • FOREIGN BONDS
COMMERCIAL PAPER
INVESTMENT COMPANY SHARES
OTHER CORPORATE EQUITIES

9
10
11
12

5.1
5.6
14.1
5.2

7.4
5.2
9.4
10.8
6.9

7.2
5.4
7.6
9.6
7.0

7.1
3.1
7.6
10.0
1.7

7.4
7.7
10.1
21.6
5.4

7.2
5.7
12.9
12.3
7.4

7.1
6.2
13.8
15.2
7.7

213.2
37.3
42.3
132.4
1.3

214.0
37.9
43.4
132.1
.6

216.0
38.0
42.3
132.4
2.3

209.2
37.0
42.2
124.3
5.7

203.5
32.€
41.9
123.9
4.9

207.7
20.6
43.8
129.5
3.8

212.7
33.2
40.7
136.1
2.6

195.4
33.4
38.6
121.5
1.9

GROSS I N V . IN TANGIBLE ASSETS
18
NONFARM HOMES
19
NONCCRP. B U S . PL4NT • E Q U I P . 2 0
CONSUMER DURABLES
21
INVENTORIES
22

147.9
10.6
32.9
104.&

138.9
10.2
2L.4
100.3

143.7
10.5
29.7
103.5

145.4
10.3
30.2
104.9

146.1
10.4
31.3
104.4

146.6
10.5
31.9
104.3

148.0
10.8
32.7
104.5

148.1
10.6
33.2
104.3

146.7
10.7

CAPITAL CONSUMPTION ALLOWANCES
NONFARM HOMES
NONCORP. B U S . PLANT • E Q U I P .
CONSUMER DURABLES

23
24
25
26

69.6
27.2
12.9
27.1
2.5

57.0
21.9
6.4
23.4
3.3

74.3
27.0
12.9
32.1
3.2

70.2
27.4
13.7
28.6
.6

70.7
27.7
13.1
27.5
2.3

63.2
26.6
10.9
20.0
5.7

56.9
22.4
10.0
19.6
4.9

59.7
19.9
11.1
25.0
3.8

64.6
22.7
7.5
31.8
2.6

4 6 . 6 NET I N V . I N TANGIBLE ASSETS
NONFARM HOMES
22.7
5.0
NONCORP. BUS. PLANT • E Q U I P .
17.C
CONSUMER DURABLES
1.9
INVENTORIES

27
28
29
30
31

85.8
38.4
13.2
19.2
4.7
.9
9.4

87.6
44.2
12.9
22.9
-4.6
2.2
10.0

55.7
32.2
12.0
9.6
-2.4
2.7
1.5

91.9
41.4
13.1
25.6
-3.9
1.2
14.5

86.4
47.2
15.5
24.6
-5.4
1.6
2.9

95.4
47.8
13.9
22.3
-4.1
3.4
12.1

76.6
40.4
8.9
19.2
-4.9
2.8
10.3

55.4
34.2
9.9
8.2
.8
1.4
1.0

71.8
37.8
14.2
17.2
-1.0
3.1
.5

54.5
27.2
12.4
15.8
-9.8
3.5
5.3

41.2
29.7
11.6
-2.6
.3
2.8
-.6

87.4
9.2
16.5

97.9
11.1
24.4

120.2
11.5
27.1

130.6
14.6
23.4

106.e
11.8
32.1

131.9
14.1
28.6

116.7
10.8
27.5

125.4
9.6
20.0

130.3
10.0
19.6

129.5
21.6
25.0

129.5
12.3
31.8

132.6
15.2
17.0

42
43
44

.8
*
61.0

1.4
.1
60.9

.9
.3
80.3

.6
.4
91.4

1.2
.2
61.5

1.3
.3
87.6

1.0
.3
77.2

.3
.4
95.1

.7
.4
99.7

.9
.4
61.7

.4
84.2

45

60.5

52.6

74.3

76.7

65.3

69.6

73.2

89.3

84.4

71.5

65.5

85.4

PERSONAL SAVING, NIA BASIS

45

46

.5

8.3

6.0

14.7

-3.8

18.0

4.0

5,8

15.2

10.1

18.6

14.6

DIFFERENCE

46

111

IV

1972

1972

1974

99.7
11.1
70.3

124.4
12.1
75.4

138.2
12.1
67.7

129.2
3.6
54.1

124.3
10.6
63.8

. 148.1
10.3
74.2

141.4
5.4
50.8

138.6
26.0
61.®

4
5
6
7

-14.5
2.4
-11.8
-5.0
-.2

2.9
3.3
-2.6
-.1
1.0

21.C
2.7
6.5
11.1
4.2

22.0
2.0
.4
9.5
11.7

-1.8
3.7
-2.5
10.8
3.7

26.2
3.4
13.1
11.4
2.8

45.6
2.0
8.9
16.2
8.9

9
10
11
12

9.3
-3.9
1.1
-6.5

5.2
1.5
-.7
-4.7

1.1
3.5
-1.6
—6.6

-3.0
—.4
1.6
-.8

-.5
-7.7
-2.1
-7.2

$
-1.3
-1.8
-1.?

13
14
lb
16
17

6.1
5.2
7.3
9.2
5.1

6.5
6.C
6.6
11.1
3.7

7.2
5.2
7.7
11.5
4.8

7.2
5.7
11.1
14.6
5.6

7.0
4.9
8.2
11.8
-. 1

7.3

18
19
20
21
22

166.4
26.9
34.3
103.9
1.3

190.6
34.3
39.0
118.4
-1.2

213.1
37.5
42.8
130.3
2.5

204.8
32.5
41.S
127.8
3.3

23
24
25
26

121.3
9.3
24.5
87.5

131.3
10.0
27.2
*4.1

143.5
10.4
29.9
103.3

27
28
29
30
31

45.1
17.6
9.8
16.5
1.3

59.3
24.3
11.8
24.4
-1.2

32
34
35
36
37
38

57.3
24.2
11.2
11.2
2.6
1.0
7.1

39
40
41

1
3

ft

33

1

11

1971

1

.e

33.6

104.5

INCREASE I N FINANCIAL ASSETS
DEMAND D E P O S I T S + CURRENCY
SAVINGS ACCOUNTS

PRIVATE L I F E INSURANCE R E S .
PRIVATE INSURED PENSION R E S .
PRIVATE NONINSURED PEN. R E S .
GOVT. INSURANCE • PEN. R E S .
MISCELLANEOUS FINAN. ASSETS

INCREASE IN DEBT
MTG. DEBT ON NONFARM HOMES
NONCORP B U S . MORTGAGE DEBT
CONSUMER CREDIT
SECURITY CREDIT
POLICY LOANS
OTHER DEBT

I N D I V I D U A L S ' SAVING ( 1 + 2 7 - 3 2 )
- GOVT. INSURANCE • PEN. R E S .
- NET INVESTMENT IN CONS. OUR.
- CAPITAL GAINS DIVIDENDS
FROM INVESTMENT COMPANIES
.1
. 4 - NET SAVING BY FARM CORPS.
1 0 0 . 0 = PERSONAL SAVING, F / F BASIS

1VZ74 FIGURES ARE TENTATIVE ESTIMATES BASED ON INCOMPLETE INFORMATION.

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

These tables on individuals' saving are 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.



1
2
3

13
14
15
16
17

32
33
34
35
36
37
38
39
40
41
42
43
44

^