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m

May 8, 1974

Volume and Composition of Individuals' Saving-First Quarter, 1974

(l)

(Millions of dollars)

UNADJUSTED QUARTERLY FLOWS

UNADJUSTED QUARTERLY FLOWS

1 1971
1 IV

1 124 .909 132 .375
15 .098
12 .926
2
67 .091
75 .825
3

29 .317
11 .269
15 .566

24 .981
- 3 .943
21 .908

31 .045
3 .292
18 .856

31 .637
1 .858
19 .497

37 .246
11 .719
15 .564

25 .779
-5 .888
23 .808

38 .215
7 .508
17 .253

33 .783
-372
14 .318

34. 598
13. 850
11. 712

1
1

I

1972
III
I I

1973

1973

1972

IV

1
1

I

II

III

IV

1 1974
1 IV
2 6 . 9 2 5 INCREASE IN FINANCIAL ASSETS
DEMAND DEPOSITS • CURRENCY
-8.814
SAVINGS ACCOUNTS
22.471

1
2
3

4
5
6
7
8

5 .080
3 .295
1 .538
-475
1 .296

14 .212
2 .700
7 .601
.422
1 .727

-6 .868
657
.010
288
-1 .072

1 .946
797
1 .429
-1 .485
578

-839
847
- 2 .590
660
133

2 .895
772
1 .069
429
23

1 .078
879
1 .630
-79
562

896
891
1 .152
1 .384
801

4 .205
911
1 .075
2 .551
748

11 .052
441
5 .360
4 .087
475

- 1 . 941
457
14
400
297

4.337
673
3.560
-944
279

SECURITIES
U . S . SAVINGS BONDS
OTHER U.S. TREASURY SEC.
U . S . GOVT. AGENCY SEC.
STATE • LOCAL O B L I G A T I O N S

4
5
6
7
8

9
10
11
12

4 .851
432
-633
-5 .224

816
3 .315
-1 .568
- 8 .801

-20
-984
832
- 2 .559

2 .280
-947
273
-979

1 .037
596
-679
-843

1 .198
-893
-229
526

336
1 .676
2
-3 .928

278
-1 .929
-338
-1 .343

1 .490
-575
-638
-1 .357

-808
2 .575
133
-1 .211

144
3. 244
725
- 4 .890

1.253
1.928
-205
-2.207

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

9
10
11
12

13
14
15
16
17

7 .241
4 .600
5 .698
10 .484
3 .055

7 .652
4 .961
7 .870
9 .799
5 .692

1 .561
1 .326
2 .366
1 .871
2 .226

1 .498
1 .197
878
1 .082
415

1 .842
1 .178
1 .456
4 .707
553

1 .982
1 .120
1 .489
2 .172
624

1 .919
1 .105
1 .875
2 .523
1 .463

1 .918
1 .309
2 .212
1 .667
-143

1 .926
1 .001
998
4 .177
1 .147

1 .900
1 .406
2 .272
1 .686
1 .521

1. 908
1. 245
2. 388
2. 269
3. 167

1.891
1.453
2.383
1.960
1.244

18 190 .450 213 .558
39 .958
34 .305
19
41 .686
39 .508
20
21 117 .409 130 .822
-772
1 .092
22

46 .901
8 .839
8 .403
30 .001
-342

41 . 465
7 .979
8 .370
24 .772
344

47 .079
7 .370
10 .303
29 .430
-24

47 .844
8 .687
10 .687
28 .969
-499

54 .062
10 .269
10 .148
34 .238
-593

48 .999
9 .269
9 .631
29 .606
493

54 .084
8 .770
11 ,229
33 .991
94

53 .445
10 .199
10 .900
32 .152
194

23 130 .626 141 .968
10 .431
24
10 .176
28 .583
26 .675
25
93 .775 102 .954
26

31 .155
2 .394
6 .295
22 .466

31 .641
2 .422
6 .407
22 .812

32 .594
2 .727
6 .742
23 .125

32 .777
2 .493
6 .684
23 .600

33 .614
2 .534
6 .842
24 .238

34 .367
2 .560
6 .960
24 .847

35 .170
2 .602
7 .143
25 .425

ti

PRIVATE LIFE INSURANCE RES.
PRIVATE INSURED PENSION RES.
PRIVATE NONINSURED PEN. RES.
GOVT. INSURANCE • PEN. RES.
M I S C E L L A N E O U S FINAN. ASSETS

13
14
15
16
17

57. 030
11. 720
9. 926
35. 073
311

4 5 . 1 7 7 GROSS INV. IN TANGIBLE ASSETS
NONFARM HOMES
8.455
N O N C O R P . BUS. PLANT • EQUIP.
9.245
CONSUMER DURABLES
27.414
63
INVENTORIES

18
19
20
21
22

35 .853
2 .618
7 .186
26 .049

36. 578
2. 651
7. 294
26. 633

3 7 . 3 3 4 CAPITAL CONSUMPTION ALLOWANCES
NONFARM HOMES
2.684
N O N C O R P . BUS. PLANT * EQUIP.
7.405
CONSUMER DURABLES
27.245

23
24
25
26

17 .592
7 .581
3 .714
6 .103
194

20. 452
9. 069
2. 6 3 2
8. 440
311

7.843 NET INV. IN TANGIBLE ASSETS
NONFARM HOMES
5.771
N O N C O R P . BUS. PLANT • EQUIP.
1.840
CONSUMER DURABLES
169
63
INVENTORIES

27
28
29
30
31

27
28
29
30
31

59 .824
24 .129
12 .833
23 .634
-»7 72

71 .590
29 .527
13 .103
27 .868
1 .092

15 .746
6 .445
2 .108
7 .535
-342

9 .824
5 .557
1 .963
1 .960
344

14 .485
.643
3 .561
6 .305
-24

15 .067
6 .194
4 .003
5 .369
-499

20 .448
7 .735
3 .306
10 .000
-593

14 .632
6 .709
2 .671
4 .759
493

18 .914
6 .168
4 .086
8 .566
94

32
33
34
35
36
37
38

85 .072
38 .423
13 .237
19 .170
4 .672
945
8 .625

90 .769
42 .962
13 .846
22 .922
.570
2 .095
13 .514

13 .038
8 .440
2 .657
5 .426
1 .061
255
- 4 .801

13 .150
7 .914
2 . 103
-515
2 .075
147
1 .426

28 .413
9 .037
3 .756
5 .933
1 .682
313
7 .692

21 .866
10 .182
3 .950
5 .164
620
259
1 .691

21 .643
11 .290
3 .428
8 .588
295
226
- 2 .184

16 .408
9 .352
2 .902
1 .756
-984
292
3 .090

29 .491
11 .343
4 .576
7 .763
-1 .338
387
6 .760

27 .150
12 .195
4 .206
5 .952
-1 .014
850
4 .961

17. 720
10. 072
2. 162
7. 451
- 1 . 234
566
-1 •297

10.379 INCREASE IN DEBT
8.569
MTG. DEBT ON NONFARM HOMES
NONCORP BUS. MORTGAGE DEBT
1.623
CONSUMER CREDIT
-2.914
79
SECURITY CREDIT
POLICY LOANS
502
OTHER DEBT
2.520

32
33
34
35
36
37
38

39

99 .661 113 .196

32 .025

21 .655

17 . 117

24 .838

36 .051

24 .003

27 .638

24 .225

37. 330

2 4 . 3 8 9 INDIVIDUALS' SAVING

39

(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.
The figures for first-quarter flows are based on incomplete information and are preliminary and tentative estimates.

(1*27-32)

E.8
May 8, 1974

Volume and Composition of Individuals' Saving -First Quarter, 1974

(I)

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

SEASONALLY

ADJUSTED

SEASONALLY

ANNUAL RATES
1
1

1972
IV

1
1

19F3

1
|1

ADJUSTED ANNUAL RATES f

1974
I

1968

1969

1970

1971

1972

1973

1
2
3

72.0
12.5
30.3

61.3
1.6
6.0

79.6
9.6
44.4

99.9
11.0
70.5

124.9
12.9
75.8

132.4
15.1
67.1

133.1
10.2
70.6

123.5
17.2
92.8

140.0
14.9
64.4

139.6
8.5
54.4

126.4
19.9
56.9

123.5
3.3
86.8

4
5
6
7
8

2.3
.4
5.3
-.2
-.8

29.7
-.4
9.8
2.8
9.6

-2.3
.3
-10.7
2.7
-.5

-14.7
2.4
-11.7
-3.5
-.9

5.1
3.3
1.5
-.5
1.3

14.2
2.7
7.6
8.4
1.7

18.9
3.1
12.0
.4
3.5

-17.2
3.9
-5.4
5.7
2.2

27.3
3.6
16.1
9.9
1.3

38.7
1.9
13.1
15.7
3.2

8.1
1.4
6.7
2.3
.2

-5.3
3.0
2.8
-3.5
-.1

SECURITIES
U.S. SAVINGS BONDS
OTHER U.S. TREASURY SEC.
U.S. GOVT. AGENCY SEC.
STATE • LOCAL OBLIGATIONS

4.9
.4
-e6
-5.2

.8
3.3
-1.6
-8.8

6.5
5.0
-.8
-10.9

-1.1
-10.3
-2.3
-9.9

3.6
.3
-1.7
-5.8

-4.3
12.9
1.3
-5.1

5.1
10.3
-3.6
-14.3

2.7
5.2
-1.7
-13.5

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

7.6
5.8
9. 1
10.1
6.1

I

II

III

IV

I N C R E A S E IN F I N A N C I A L A S S E T S
DEMAND DEPOSITS • CURRENCY
SAVINGS ACCOUNTS

1
H
3
4
5
6
7

9

4.7

7.4

10.1

10
11
12

.7
5.8
-13.7

4.8
4.8
-9.0

-1.5
2.6
-5.2

8.2
-3.9
1.2
-6.6

13
14
15
16
17

4.6
2.9
6.4
6.2
6.8

4.9
2.9
6.3
6.6
3.1

5.1
3.3
7,1
8.8
3.6

6.1
5.2
7.3
9.7
4.9

7.2
4.6
5.7
10.5
3.1

7.7
5.0
7.9
9.8
5.7

7.7
4.4
7.3
10.8
3.3

7.7
5.2
8.5
8.8
.5

7.7
4.0
4.7
11.9
5.1

7.6
5.6
8.9
8.8
7.1

7.6
5.0
9.4
9.7
9.9

18
19
20
21
22

132.6
21.1
26.8
84.0
.6

143.0
22.0
29.2
90,8
1.1

140.2
19.6
30.4
91.3
-1.1

165.8
26.8
34.3
103.5
1.1

190.5
34.3
39.5
117.4
-P 8

213.6
40.0
41.7
130.8
1.1

200.0
35.4
42.2
122.9
-.5

212.4
38.1
42.1
132.2

215.6
40.7
42.1
132.8
*

217.0
41.3
41.7
132.3
1.3

208.8
39.6
40.3
125.6
3.2

1 9 8 . 7 G R O S S 1 N V . ;N T T N G I B L E A S S E T S
NONFAPM *OMES
35.0
NONCORP. BUS. PLANT • EQUIP.
41.0
CONSUMER DURABLES
124.5
INVENTORIES
-1.8

23
24
25
26

95.3
8.3
19.6
67.4

104.5
8.7
21.3
74.6

112.4
9.0
22.6
80.7

121.3
9.4
24.4
87.5

130.6
10.2
26.7
93.8

142.0
10.4
28.6
103.0

134.5
10.1
27.4
97.0

137.5
10.2
27.8
99.4

140.7
10.4
28.6
101.7

143.4
10.5
28.7
104.2

146.3
10.6
29.2
106.5

149.3
10.7
29.6
109.0

27
28
29
30
31

37.3
12.8
7.2
16.7
,6

38.5
13.3
7.9
16.2
1.1

27.8
10.6
7.7
10.6
-1.1

44.5
17.4
9.9
16.0
1.1

59.8
24.1
12.8
23.6
-.8

71.6
29.5
13.1
27.9
1.1

65.6
25.2
14.9
25.9
-.5

74.9
27.9
14.3
32.8
-.1

74.9
30.3
13.6
31.1
*

73.6
30.8
13.0
28.6
1.3

62.4
29.0
11.1
19. 1
3.2

49.4
24.2
11.4
15.5
-1.8

N E T i N v . IN T A N G I B L E A S S E T S
NONFARM HOMES
NONCORP. BUS. PLANT • EQUIP.
CONSUMER DURABLES
INVENTORIES

27
28
29
30
31

32
33
34
35
36
37
38

41.9
14.6
6.8
10.0
2.9
1.3
6.3

39.8
16.1
7.0
10.4
-3.4
2.6
7.1

30.6
12.5
8.0
6.0
-1.8
2.3
3.6

54.6
24.1
11.2
11.2
2.6
1.0
4.4

85.1
38.4
13.2
19.2
4.7
.9
8.6

90.8
43.0
13.8
22.9
-4.6
2.1
13.5

97.3
43.5
14.6
26.2
1.2
.9
11.0

90.1
38.6
14.5
25.3
-3.9
1.2
14.5

90.4
45.8
16.5
24.1
-5.4
1.5
7.8

101.8
48.8
14.8
21.9
-4.1
3.4
17.0

79.2
38.6
9.6
19.0
-4.9
2.3
14.7

66.5
35.7
9.4
8.2
.3
2.0
10.8

I N C R E A S E IN D E B T
M T G . D E B T ON N O N F A R M H O M E S
NONCORP BUS. MORTGAGE DEBT
CONSUMER CREDIT
SECURITY CREDIT
POLICY LOANS
OTHER DEBT

3 >
33
34
35
36
37
38 ^
F

39
40
41

67.4
6.2
16.7

60.1
6.6
16.2

76.8
8.8
10.6

89.8
9.7
16.0

99.7
10.5
23.6

113.2
9.8
27.9

101.4
10.8
25.9

108.3
8.8
32.8

124.5
11.9
31.1

111.4
8.8
28.6

109.6
9.7
19.1

106.4
10.1
15.5

42
43
44

2.5

2.5

1.4

34.7

.9
-.1
56.6

.8

42.1

63.3

64.2

.9
1
74.6

2.1
-. 1
62.6

1.0
-.1
65.7

1.4
-.1
80.2

1.0
-.1
73.1

.4
1
80.5

80.7

45

39.8

38.2

56.2

60.2

49.7

54.8

54.4

50.0

51.0

51.1

67.1

60.6

45

46

2.3

-3.5

.4

3.2

14.4

19.9

8.2

15.7

29.2

22.1

13.5

20.1

46

(I)

-. 1

... -----

. 1

13
14F15
16
17

18
19
20 ^
21
22

C A P I T A L C O N S U M P T I O N A L L O W A N C E S 23
NONFARM HOMES
24
N O N C O R P . B U S . PLANT • E Q U I P . 25
CONSUMER DURABLES
26 F

-------

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




PRIVATE LIFE INSURANCE RES.
PRIVATE INSURED PENSION RES.
PRIVATE NONINSURED PEN. RES.
GOVT. INSURANCE * PEN. RES.
MISCELLANEOUS FINAN. ASSETS

9
10
11
12

GOVT. INSURANCE * PEN. RES.
N E T I N V E S T M E N T IN C O N S . D U R ,
CAPITAL GAINS DIVIDENDS
FROM INVESTMENT COMPANIES
NET S A V I N G BY F A R M C O R P S .
P E R S O N A L S A V I N G , F/F B A S I S

39
4041
42
43