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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.




/