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••^OfGOv/•. FEDERAL RESERVE statistical release E.8 November 5, 1971 Volume and Composition of Individuals' Saving- Third Quarter, 1971 1/ (Billions of dollars) Unadjusted Quarterly Flows 1967 II 1 2 3 4 III | I Unadjusted Quarterly Flows 1968 II III J I 1969 II III | | 1970 ill IV | | 1971 II III 6 7 8 9 10 11 11.309 638 1C.371 -5.892 324 -4.014 85 -600 244 305 -2.236 12 13 14 15 16 1.190 642 1.337 2.155 868 1.192 667 1.639 1.071 813 1.124 736 1.284 2.453 1.644 1.128 746 1.749 1.179 I.079 1.215 725 1.658 2.916 1.320 1.223 729 1.642 1.515 401 1.205 757 1.099 4.114 1.071 1.202 766 1.700 1.579 1.474 17 18 19 20 21 28.920 3.031 7.030 18.746 113 28.916 4.667 6.603 17.567 79 33.116 4.406 7.300 21.092 320 32.404 5.523 6.784 20.334 -237 35.867 4.828 7.724 23.120 195 34.617 5.567 7.308 21.492 250 35.510 3.942 8.033 23.276 259 33.670 4.468 7.743 21.490 -31 36.808 5.609 7.445 24.262 -508 35.669 5.267 7.657 21.603 1.142 40.187 4.938 9.534 25.829 -114 41.262 6.783 9.262 25.247 -30 GROSS I N V . IN TANGIBLE ASSETS NONFARM HOMES NONCORP BUS.CONSTR + E Q U I P . CONSUMER DURABLES INVENTORIES 17 18 19 20 21 22 23 24 25 21.458 1.946 4.557 14.955 21.914 1.977 4.626 15.311 23.519 2.056 4.845 24.077 25.905 26.461 16.618 4.942 17.047 5.284 18.435 5.403 18.837 27.887 2.299 5.600 19.988 28.239 2.319 5.638 20.282 28.455 2.341 5.683 20.431 28.923 2.408 5.906 20.609 29.230 2.413 5.999 20.818 2 9 . 5 7 5 CAPITAL CONSUMP. ALLOWANCES 2.471 NONFARM HOMES 6.123 NONCORP.BUS. PLANT + E Q U I P . 20.981 CONSUMER DURABLES 22 23 24 25 26 27 28 29 30 7.462 1.085 5.473 3.791 113 7.002 2.690 1.977 2.256 79 9.599 2.350 2.455 4.474 320 8.327 3.435 1.842 3.287 -237 9.962 2.642 2.440 4.685 195 8.156 3.346 1.905 2.655 250 7.623 1.643 2.433 3.288 259 5.431 2.149 2.105 -31 8.353 3.268 1.762 3.831 -508 6.746 2.859 1.751 994 1.142 10.957 2.525 3.535 5.011 -114 11.687 4.312 3.139 4.266 -30 NET I N V . IN TANGIBLE ASSETS NONFARM HOMES NONCORP BUS.CONSTR.+ EQUIP CONSUMER DURABLES INVENTORIES 26 27 28 29 30 3 I 33 34 35 36 37 11.972 1.519 2.130 2.110 798 287 5.128 8.283 2.926 2.219 1.284 994 203 657 16.736 3.151 2.104 3.639 1.742 371 5.729 9.166 3.357 1.857 3.016 -59 342 653 17.660 3.779 2.387 4.112 -345 645 7.082 9.292 3.824 2.035 2.013 -1.291 891 1.820 11.249 2.540 2.127 2.844 -1.040 666 4.112 7.555 3.170 2.640 1.365 218 511 -349 9.628 3.781 2.228 2.895 285 358 81 4.859 3.540 1.890 -3.198 231 233 2.163 18.884 5.138 3.018 3.784 865 224 5.855 15.869 6.510 3.617 3.256 864 210 1.412 INCREASE IN DEBT MTG. DEBT ON NONFARM HOMES NONCORP B U S . MTG. DEBT CONSUMER CREDIT SECURITY CREDIT POLICY LOANS OJHER DEBT 31 32 33 34 35 36 37 38 6.799 18.907 4.559 19.493 739 19.143 8.766 24.631 22.797 21.339 15.346 26.208 INDIVIDUAL S A V I N G ! 1 + 2 6 - 3 1 ) > 32 ,20.188 11.696 : 3.449 -814 8.245 ' 6.051 2.112 -782 120 187 2.209 -351 238 929 872 -825 1.140 1.707 497 537 -1.964 -2.966 20.332 7.222 6.844 385 75 867 421 1.766 333 843 -3.920 8.437 221 4.156 -3.774 -99 -3.255 1.430 137 397 933 -3.317 20.279 4.836 785 9.148 -190 5.786 443 632 2.303 1.146 -972 2.088 2.186 2.221 12.392 26.755 -1.059' 4.186 7.696 10.456 -2.491 5.39 2 -48 131 -4.788 1.164 1.219 1.349 -713 -1.424 2.656 3.524 500 582 -1.317 66 1.208 24.072 6.598 11.900 -2.842 425 -3.894 -657 126 3.116 247 -2.205 19.452 23.273 1.605 17.030 -3.871 676 -3.681 -598 -1.029 2.107 -11 -1.335 3 0 . 3 90 4.249 13.859 4 . 125 612 -1.731 578 3 . 148 2 . 248 -291 - 439 INCR. IN FINANCIAL ASSETS CURR. AND DEMAND DEPOSITS SAVINGS ACCOUNTS SECURITIES U . S . SAVINGS BONDS OTHER U . S . TREASURY S E C . U . S . G AGENCY S E C U R I T I E S STATE + LOCAL OBLIGATIONS CORP. AND FOREIGN BONDS INVESTMENT CO. SHARES OTHER CORPORATE STOCK 1 2 3 4 5 6 7 8 9 10 11 1.202 1.475 2.017 1.926 1.535 1.195 850 1.556 4.095 813 1.241 1.050 2.064 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 . R E S . GOVT. I N S . + PEN. RESERVES M I S C . FINANCIAL ASSETS 12 13 14 15 16 -3.56C 25.483 -10.626 485 -6.784 -4.336 231 2.141 395 -2.758 1.193 777 2.265 1.973 2.20 8 2.161 1 . 641 \_l 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 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 third-quarter flows are based on incomplete information and are preliminary and tentative estimates. > E.8 November 5, 1971 \_l Volume and Composition of Individuals' Saving-Third Quarter, 1971 (Billions of d o l l a r s ) 1 i 1969 IV 1 J 1970 IV 1 I I 1971 II III II III 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 -.2 -7.0 3.9 -.4 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 —I . 4 2.7 14.9 2.1 —6 . 4 &0.4 10.9 97.9 -53.1 1.9 -34.6 -17.2 9.5 .2 -13.0 114.4 15.7 67.8 -1.3 2.7 —4. 1 -3.1 -1.4 7.8 -.2 -3.0 4. 8 3.0 8.3 3.7 7.3 4.8 3.0 5.7 6.6 5.1 4.8 3.0 5.3 13.1 4.4 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 7.2 4.8 3.4 7.2 13.0 3.8 137.8 18.9 30.0 88.6 .2 139.2 19.3 29.8 90.3 -.2 137.8 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 -1.1 155.4 21.6 33.4 97.6 2.9 159.7 24.9 34.6 100.8 —.6 104.6 8.8 21.4 74.4 112.0 9.2 22.5 80.3 107.7 9.0 22.0 76.7 109.6 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 81.7 115.7 9.6 23.6 82.4 116.9 9.7 24.0 83.3 37.2 12.8 7.1 16.7 .6 36.4 12.8 7.1 15.5 .9 25.8 9.7 7.5 8.4 .2 31.4 10.2 7.8 13.6 -.2 28.2 10.6 7.2 10.4 .1 28.8 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 39.7 12.0 9.7 15.1 2.9 42.9 15.2 10.6 17.5 —.6 49.7 16.7 11.4 20.8 .8 33.7 10.5 7.0 4.6 3.3 1.0 7.3 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 38.7 14.9 6. 1 7.5 .7 2.6 6.9 24.3 11.0 6.5 4.8 -5.2 2.9 4.3 26.8 12.2 6.5 6.1 -3.9 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 42.5 13.1 9.9 4.0 1.1 .9 13.3 38 39 40 62.0 5.3 12.4 63.5 5.9 16.7 56.1 6.2 15.5 71.4 9.0 8.4 54.9 3.7 13.6 61.3 6.6 10.4 77.3 13.1 10.7 73.5 7.5 9.2 73.7 8.9 3.1 41 42 43 44 45 1.7 -.1 42.6 40.4 2.2 2.5 * 38.5 39.8 -1.3 2.5 * 31.9 37.9 —6.0 .9 1.1 53.1 54.1 -.9 1.4 * 42.9 46.2 -3.3 1.2 36.5 43.1 -6.5 52.3 54.2 -1.9 .8 * 55.9 57.4 -1.5 61.4 58.5 2.9 1967 1968 1969 157C 1 2 3 4 5 6 7 8 9 10 11 65.9 9.5 33.7 -.9 1.0 -1.3 1.2 -1.3 3.6 2.6 -6.7 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 12 13 14 15 16 4.7 2.6 6.3 5.3 4.7 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 17 18 19 20 21 116.7 17.0 25.6 73.1 .9 132.5 21.1 26.7 84.0 .6 141.0 21.6 28.5 89.9 .9 22 23 24 25 86.9 7.8 18.4 60.7 95.3 8.3 19.6 67.4 26 27 26 29 30 29.8 9.2 7.3 12.4 .9 31 32 3 3 34 35 36 37 62.1 5.2 6.6 23.2 .1 10.8 7.0 . -.2 9.2 4.2 -7.9 I .2 9 7 . 3 I NCR. IN F I N A N C I A L ASSETS C U R R . AND DEMAND D E P O S I T S 4.6 SAVINGS ACCOUNTS 57.6 SECURITIES 1. 1 U . S . SAVINGS BONDS 2.4 OTHER U . S . TREASURY S E C . -12.7 ' U . S . G AGENCY S E C U R I T I E S 1.8 8.4 STATE • LOCAL OBLIGATIONS C O R P . AND FOREIGN BONDS 6.1 INVESTMENT C O . SHARES -.3 OTHER CORPORATE STOCK -4.8 I 2 3 4 5 6 7 8 9 10 11 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 . R E S . GOVT. I N S . + P E N . RESERVES M I S C . F I N A N C I A L ASSETS 12 13 14 15 14 168.0 26.6 35.9 104.7 .8 ROSS I N V . IN TANGIBLE ASSETS NONFARM HOMES NONCORP BUS.CONSTR + E Q U I P . CONSUMER DURABLES INVENTORIES 17 18 19 20 21 118.3 9.9 24.5 83.9 APITAL CON SUMP. ALLOWANCES NONFARM HOMES N O N C O R P . B U S . PLANT «• E Q U I P . CONSUMER DURABLES 22 23 24 25 ET I N V . IN TANGIBLE A S S E T S NONFARM HOMES NONCORP B U S . C O N S T R . * EQUIP CONSUMER DURABLES INVENTORIES 26 27 IS 21 30 57.6 22.7 10.0 9.0 3.8 .9 11.1 6 4 . 2 INCREASE IN DEBT MTG. DEBT ON NONFARM HOMES 27. 1 NONCORP B U S . MTG. DEBT 13.3 CONSUMER C R E D I T 12.6 SECURITY C R E D I T 3.5 POLICY LOANS .8 6.9 OTHER DEBT 31 32 33 34 35 36 37 87.7 9.0 15.1 99.6 13.0 17.5 38 39 40 .4 1.3 * 67.8 60.9 6.9 8 2 . 8 INDIVIDUAL S A V I N G ! 1 + 2 6 - 3 1 ) 9 . 9 L E S S - G O V T . I N S * PEN RESERVES NET I N V . IN C O N S . DUR 20.8 CAPITAL GAINS DIVIDENDS FROM I N V E S T . C O S . 1.1 NET S V G . BY FARM C O R P S . 5 1 . 1 EQUALS PERS S A V I N G , F / F B A S I S 5 8 . 1 PERSONAL S A V I N G , NIA B A S I S - 7 . 0 DIFFERENCE ( 4 3 - 4 4 ) 63. 1 58.4 4.7 5.0 4.2 7.5 9.9 7.5 41 42 43 44 45 Combined statement for households, farm, and nonfarm noncorporate business. /
