Full text of Z.1 Financial Accounts of the United States : August 13, 1970 (Seasonally Adjusted)

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

F/F

Se a s

Adj

H/70
August 13, 1970




Flow of Funds,
Seasonally Adjusted
2nd Quarter, 1970
Preliminary

Division of Research and Statistics
Board of Governors of the Federal Reserve System
Washington, D.C.




TABLE LIST
SUMMARY TABLES
Income and Product Summary
Credit Market Summary
Net Investment and Borrowing
SECTOR TABLES
Households
Business
Governments
Banking System
Nonbank Finance Summary
Insurance and Pension Funds
Finance N.E.C. and Foreign
TRANSACTION TABLES
Monetary and Insurance Reserves
Money and Deposits Summary
U.S. Government Securities
Private Securities and Mortgages
Mortgages by Type
Consumer Credit and Bank Loans N.E.C.
Bank Credit Relationship
Other Loans, Including Open-Market Paper
Security Credit, Trade Credit, and Taxes
Miscellaneous I
Miscellaneous II
Total Claims--Recapitulation by Type

Flow of Funds Accounts, Second Quarter 1970
The following pages present preliminary estimates for the
second quarter of 1970 in the flow of funds accounts, together with
first-quarter data that appear in the August Federal Reserve Bulletin,,
The tables incorporate the revisions in national income and product
data for 1967-1969 that appear in the July Survey of Current Business*
However, financial data for 1969 and earlier years are unchanged from
the May Federal Reserve Bulletin.
The sharp rise in total borrowing, on page 2, line 1, from
the first quarter is attributable partly to larger net borrowing by
the U.S. Government, but net new corporate bond issues show a compar­
ably large increase from the first quarter. Part of the rise for
corporate bonds is technical in that there was a sizable volume of
offerings in late March that were paid for in early April and that
thus became part of second-quarter net issues. This timing adjustment
accentuated the rise as indicated by offerings data.
The second-quarter 1970 figures are based on early indicators
and are therefore highly tentative, particularly in the distribution of
financial asset holdings among private nonfinancial sectors. The most
important information not yet available in these tables are S.E.C. data
on net new security issues on current assets and liabilities of corpora­
tions p The lack of these data weakens the figures for total credit
flows, household investment in securities, and distribution of liquid
assets as between households and business. Also missing at the time
the accounts were put together were end-of-quarter balance sheets for
life insurance companies and savings institutions, balance of payments
statistics, and complete income-and-product data. No figures are shown
for maturity detail of U.S. Government security holdings; such detail
comes from the Treasury's survey of ownership of Federal securities,
which was not yet available for the end of the quarter. The ownership
survey is also the source of estimates of total Governments held by
State and local governments.
The attached tables show the accounts at seasonally adjusted
annual rates. Tables showing unadjusted flows are available on request,
and a separate mailing list is maintained for unadjusted accounts.
Requests for the data or to be put on the mailing list should be
addressed to the Flow of Funds and Savings Section, Division of Research
and Statistics, Board of Governors of the Federal Reserve System, Room
3218, Washington, D eC., 20551.




13 AUGUST 19 70
INCOME ANO PROCUCT SUMMARY

INCOME
INCOME

AND P R O D U C T SUMMARY

AND PR OD UC T ACCOUNTS: GNP EX PE ND IT UR ES AND GROSS S A VI NG
(BILLIONS OF DOLLARS)

S E A S AOJ A N N U A L R A T E S

SEAS ADJ A N N U A L RATES
YEAR TOTALS
1966
1967
196 8

1969

1970

1968
| IV

I

II

1 TOTAL GNP

6 32. 4

749. 9

793.9

865.0

931.4

891.4

907.6

923.7

942.6

951. 7

959.6

970.2

I

2 CURRENT OUTLAYS
3
S T A T E AN D L O C A L G O V T .
4
U. S. G O V E R N M E N T
5
HCUSE HOLDS
6
OF W H I C H C O N S U M E R D U R A B L E S

529.9
63. 5
65.2
401.2
59 . 2

623. 1
79.0
77.8
466. 3
70 . 8

672.2
89.4
90.7
492.1
73. 1

736.0
100.7
99.5
535.8
84.0

789.6
110.8
10 1 . 3
577.5
90.0

757.5
104.7
101.9
550.8
86.9

770.2
107.5
100.9
561.8
89.1

78 3.2
110.0
99.8
573.3
90.6

796.2
111.6
102.5
582. 1
89.5

808.9
11 4 . 2
1 0 2.1
592.6
90.8

822.8
117.4
102. 3
603.1
89.1

8 32. 5
1 18.7
99.6
6 14 . 2
91. 8

2
3
4
5
6

94.0

121*4

116.6

126.5

139.8

132.6

136.0

139.3

143.8

140.2

133.3

133.9

7

88.2
27.1
19. 5
1 9.3
.5

106.6
2 5. 0
18.3
18.9
.5

108.4
25. 1
19.0
17. 0
.6

118 .9
30.3
2 2.1
21.2
.5

131.4
32.0
21.7
21.8
.6

123.3
31.7
22.5
20.4
.5

128,7
33.0
23.3
22.1
.5

131.4
33.9
23.6
24.0
.6

132.4
31.0
20.4
21.9
.6

133.0
30. 4
19.5
19.3
.6

131.7
29.1
19.1
19.1
.6

8
131.3
9
2 8.5
18. 5 10
17.6 11
.6 12

-.4
-.2
-.2

-1.2
-. 6
-.6

1. 4
.7
.7

.4
.2
.2

-.7
-.4
-.4

1.5
.8
.8

.6
.3
.3

-1.0
-.5
-.5

-2.0
-1.0
-1.0

-.4
-.2
-.2

-.6
-.3
-.3

.3 13
. 1 14
.1 15

7. 7
2.3
5.4

6. 8
I. 7
5.1

6.1
1.6
4.5

8.1
2 .2
5.9

10.4
3.2
7.1

9.2
2.6
6.6

9. 7
2.9
6.8

10.3
3.1
7.2

10.5
3.3
7.2

10.9
3.6
7.2

I 0.0
2.6
7.4

1 0.0 16
2.6 17
7.4 18

61.1
3 .7
4.8
7.6
.9
44.1

81.6
4.5
5.4
9.1
1.0
61.6

83.3
4.5
6.0
9.3
1.0
62. 5

88. 7
4.5
5.5
9. 8
1.3
67.5

99.3
5. 1
5. 5
10 .4
1 .4
76.9

91.6
4.4
5.3
9.9
1.2
70.7

95.7
4.8
5.3
10. 3
1.4
73.9

97.5
4.9
5. 4
10.3
1. 4
75.5

101.4
5.3
5.2
10.4
1.4
79. 1

102.6
5. 3
6. 1
10.7
1.5
79.1

102.6
5.5
5.3
10.5
1.5
79.7

102.8
5.6
5.5
10.5
1.5
79.7

19
20
21
22
23
24

5. 8
-. 6
6.4
.6
5.9

14.8
-.2
15.0
.6
14.4

8. 2
.7
7.5
.2
7 .3

7.6
.1
7.5
.5
7.0

8.5
.4
8. 0
.8
7.2

9.3
♦
9.3
.9
8. 3

7.4
.1
7.3
.6
6.6

7.9
.3
7. 6
.5
7.1

11.3
.5
10.8
2.3
8.5

7.2
.7
6.5
-.2
6.7

1.6
.7
.9
- .6
1.5

2.6
.5
2. 1
.3
1.8

25
26
27
28
29

8.5
37. 1
28.6

5.3
43.4
38.1

5.2
46.2
41.0

2.5
50.6
48.1

2.0
55 .5
53. 6

1.4
50.9
49 .5

1.3
47.8
46.5

1.3
57.2
55.9

2.6
58.3
55.6

2.6
58.8
56.2

3.5
61.1
57.6

3.8 30
6 2.5 31
58.7 32

438.1
26.2
6.0

511.9
32. 5
6.4

546.3
40.4
7.4

59 1 .2
40.4
6.8

631.6
37.6
6.0

606.0
39.6
6.5

612.0
34.2
5. 6

623.0
33.3
5.3

640.6
42.0
6.6

650.6
41. 1
6.3

665.3
44.9
6.8

684. 0 33
5 2 . 0 34
7.6 35

-3.0
1.7

-. 2
1.3

-12.4
-1.6

-6.2
“1.1

9.3
-.6

-1.1
-1.9

9.4
-1.8

13.4
-1.5

8.3
-.3

6.1
1.0

-1.7
•5

- 1 3 . 7 36
2.7 37

84.2
.2
3.3
9.7
71.1

79.8
.1
3.6
10.0
66.1

88.7
.1
4.0
11.0
73.6

91.2
.1
4.5
12.0
7 4. 7

91. 3
.1
4.2
11.2
75.8

93.0
.1
4.3
11.5
77.1

93 .4
.1
4.3
11.9
77.0

89.9
.1
4.6
12.2
73.0

88. 5
.1
4.7
12.2
71. 5

8 2.6
.1
5.2
1 2.0
65. 3

83.2
.1
5.3
12.1
65.7

38
39
40
41
42

7 GROSS DOMESTIC
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29

INVESTMENT

PVT. F I X E D I N V E S T M E N T
RESIDENTIAL CONSTRUCTION
1-4 F A M I L Y S T R U C T U R E S
HOUSEHOLD PURCHASES
FARM
C H A N G E IN W O R K IN
PROCESS ON NONFARM
CORPORATE
NONCORPORATE
MULTI-FAMILY UNITS
CORPORATE BUSINESS
NONCORPORATE BUSINESS
NON R E S . PLANT + EQUIP.
N O N PROFIT INST.(HH)
FARM
NCNFARM NONCORP. BUSINES
FINANCIAL C O R P O R A T I O N S
NONFINANCIAL CORPORATION
INVENTORIES
F ARM
N C N F A RM
NONCORPORATE
CORPORATE

30 NET EXPORTS
31
EXPORTS
32
I MPORTS

33 D I S P O S A B L E P E R S O N A L I N C O M E
34 P E R S O N A L S A V I N G
35
SAVING RATE (PERCENT)
36 F E D E R A L G OVT. S U R P L U S
37 S T A T E £ L O C A L G D V T . S U R P L U S
38
39
40
41
42

C O R P O R A T E PROFITS, TAXES,
P R O F I T S - TOTAL
FARMS
FOREIGN
FINANCIAL CORPS.
N O N F IN AN . C O R P S .

43
44
45
46

TAX ACCRUALS - TOTAL
FARMS
FINANCIAL CORPS.
NONFINANCIAL

28.3
.1
4.0
24.2

34.3
.1
4.2
30.0

33.2
.1
4.8
28.3

40.6
.1
5.8
34.7

42.7
.1
6.6
36.0

41.7
.1
6. 0
35.6

43.5
.1
6.2
37.1

43.8
.1
6. 5
37.1

42. 1
.1
6.7
35.2

41.4
.1
6.8
34.5

38.0
.1
6.9
31.0

3 8. 3
.1
7.0
3 1.2

43
44
45
46

47
48
49
50
51

D IVIDENDS - TOTAL
FARMS
NET F O R E I G N
FINANCIAL CORPS.
NONFINANCIAL CORPORATIONS

17. 8
*
1. 3
1.5
14.9

2 0.8
.1
1.4
1.2
18.1

21 .4
*
1.5
1.0
18. 8

23.3
.1
1.5
1.2
20.5

24.7
.1
1.6
1.4
21.6

24. 1
.1
1.6
1.3
21.1

24.1
.1
1.6
1. 3
21 .1

24.4
.1
1.5
1 .4
21. 5

25.0
.1
1.6
1.5
21. 8

25.2
.1
1. 7
1.5
21.9

25.2
.1
1.9
1.5
21.7

25.1
.1
2.0
1.5
2 1. 6

47
48
49
50
51

52
53
54
55
56
57
58
59

U N D I S T . P R O F I T S - TO T A L
FARMS
FOREIGN BRANCH PROFITS
FINANCIAL CORPORATIONS
NONFINANCIAL CORPORATIONS
+ INVENTORY V A L . ADJ.
+ BRANCH PROFITS
= NONFIN. C ORPS.,NET

20.6
*
1.8
2.4
16.5
-.5
1.8
17. 8

29.1
*
1. 8
4.4
22.9
-1.8
I. 8
23.0

25.3
-.1
2.1
4. 2
1 9.0
-L.l
2.1
20.0

24.9
*
2 .5
4.0
18.4
-3.3
2.5
17.6

23.9
*
2.8
4.0
17.1
-5.4
2.8
14.5

25.5
*
2. 6
3 .9
19.0
- 4.2
2.6
17.4

25.5
*
2. 7
4.0
1 8.9
-5.9
2.7
15.6

25.2
♦
2.8
4.0
18.4
-6.0
2.8
15.2

22.9
*
2.9
4. 0
16.0
-3.2
2.9
15.7

21. 9
*
3.0
3.9
15.1
-6. 5
3.0
11.5

19.4
*
3.3
3 .6
12. 5
-5.8
3. 3
10. 0

19.8
*
3 .3
3.6
1 2.9
-4.4
3 .3
1 1. 8

52
53
54
55
56
57
58
59

60 TOTAL CAPITAL CO N S U M P T I O N
56. 1
61
O W N E R - O C C U P I E D H O M E S ( HH)
6.8
NONPROFIT INST.(HH)
62
1.1
63
FARM NON C O R P O R A T E
4.5
64
N O N F A R M N O N C O R P O R A T E B US.
9.8
65
TOTAL C ORPORATE
33.9
66
.9
FINANCIAL BUSINESS
67
C O R P O R A T E FAR M S
.2
32.8
68
NONFINANCIAL CORPORATIONS
MEMO: CAP. CONS. ON CONSUMER DURABLES
NOT INCLUDED ABOVE
69
48. 0
104.1
70
T OT C A P . C O N S . INCL D U R A B L E S

63.9
7.4
1.3
5.1
10.7
39.5
1.1
.2
38.2

68.9
7.8
1.4
5.5
11.2
43.0
1.2
.3
41.5

74.0
8.2
1.5
5.9
1 1.9
46.5
1.4
.3
44.9

78.9
8.6
1.6
6.4
12.5
49.8
1.5
.3
48.0

75.5
8.3
1.5
6.1
12.2
47.4
1.4
.2
45.7

77.0
8.5
1.5
6.2
12.3
48.5
1.5
.3
46.8

78.2
8.6
1.6
6.3
12.4
49.3
1.5
.3
47.6

79.4
8.7
1 .6
6.5
12.6
50. 1
1.5
.3
48.3

80.7
8.8
1.6
6.6
12.7
51.0
1. 5
.3
49.1

82.1
8.9
1.6
6.7
1 2.9
52.0
1.6
.3
50.1

83.5
9.1
1.7
6.8
13.1
52.9
1.6
.3
51.0

60
61
62
63
64
65
66
67
68

55.6
119.5

60.7
129.6

67.0
141.0

73.8
151.6

69.5
145.0

71.3
148.3

73.0
151.2

74.7
154.1

76.4
157.1

78.0
160.2

7 9 . 7 69
16 3.2 70

-1.0

-.7

-2.4

-4.7

-2.6

-3.5

-5.3

-5.6

-4.3

-5.5

- 5 . 3 71

71 S T A T I S T I C A L D I S C R E P A N C Y

AND D IVID E N D S :
66. 8
.1
3.1
7.9
55.7

-1.3

11/70 DATA ARE BASED ON PRELIMINARY INFORMATION SUBJECT TO REVISION.




1,3 AUGUST 1970
CREDIT MARKET SUMMARY

CR ED IT MARKET SUMMARY
TOTAL FU ND S R A IS ED

SEAS

ADJ A N N U A L

IN CREDIT MARKETS BY NONFINANCIAL SECTORS
(BILLIONS OF DOLLARS)
SEAS ADJ ANNUAL RATES

RATES
1965

YEAR TOTALS
1967
1968

1966

I. F U N D S R A I S E D ,

1

TCTAL FUNCS RAISEC
BY N O N F I N A N C I A L S E C T O R S

2 U.

3
4

66.9

5 AL L C T H E R N O N F I N . S E C T O R S
CAPITAL MARKET IN S T R U M E N T S
CORPORATE EQUITY SHARES
7
DE B T C A P ITAL I N S T R U M E N T S
8
S T . + L O C A L G O V T . SEC,
9
C O R P O R A T E + FGN. B O N D S
10
MORTGAGES
II
HOME MTGS.
12
OTHER RESIDENTIAL
13
C O M M E R C I AL
14
FA R M
15
6

20

23
24
25
26

27
28

60. 5
37.9

64. 9
39.9
,9
39.0
5. 7
11. C
22.3
11.4
3.1
5. 7

1 .6

2 ,1
2 2.6

8.3
8. 5
.7
5. 1
6 0.5
4. 9

BY B O R R O W I N G S E C T O R —
FO R E I G N
STATE+LOCAL GOVTS.
HCUSEHOLDS
NONFINANCIAL BUSINESS
CORPORATE
NON FARM N O N C O R P O R A T E
F ARM

21
22

3.5
2.3

36.3
5.7
4. 5
26.1
15.6
4. 5
3.8

OTHER PRIVATE CREDIT
BANK L O A N S N . E . C .
CONSUMER CREDIT
OPEN-MARKET PAPER
OTHER

16
17
18
19

6.4
5.4
I. 0

S. G O V E R N M E N T - ^
PUBL I C CEBT S E C U R IT IES
B U D G E T AGENCY ISS U E S

6.0

27.9
21.7
13.7
5.4
2. 6

1 .2

BY TYPE

1969

I 1 968
I IV

II

1970

I
I

III

II

AN D S E C T O R

97,4

88.2

95.5

88.9

88.8

93.4

82. 2

79.7

105. 1

1

13 . 0
8 .9
4.1

13 . 4
10. 3
3.0

-3.6
-1.3
-2.4

-5.4
-7.4

-5.3
-5.7
.4

-13.3
-12.5
- .7

3. 7
9. 4
-5.7

.4
3. 9
-3. 5

3.5
5.8
-2 . 3

16.6
16.3
.3

2

69.6
48. 0
2.4
45 .7
7. 7
15.9

84.1
50.5
-.7
51.2
9 .9
14. 0
27 . 3
15.2
3. 5

91.9
53. 6
4. 5
49. 1
8.5
13.3
27.4
15.7
4.4
5.2

100 .9
59 .0
-2 . 0
61.1
13 . 8
16.5
30 .8
16.6
4. 2

94.2
55. 0

1 02.0

89.7
51. 7
5.3
46. 4
6 .7

' 81.8
52.9
9.2
43.6
7. 1

76.2
52.6

88.5
65. 6
5. 1
6 0.5

5

82.6

68.5

1969

2 2.0
1 1 .6
3 .6

4.7

2.1

2.1

25.0
10. 3
7.2
I. 0
6.4

21.6

64.9
1.5
6. 4
23.2
33.8
24,9
5.5
3.5

69.6
4.1
7 .9
19 . 7
37.9
29.4
5.0
3.5

9. 6
4.6
2 .1

5.2

6 .6
2.1

11.1
1. 6

7.5
84.1
3.0
10 .2

31.8
39.1
31.0
5.2
2.9

3
4
6

2 .2

55.0
3.2
51.7
9.8
13.3
28.6
16.6
4. 7
5.1
2.3

39.2
16.4
9.9
5.1
7. 9

47.1
19. 5
10 . 4
3. 9
13.3

38.0
11.5

100.9
2. 9
14.3
34.9
48 .8
40.7
5 .8

9 4 .2
4.2
. 1 0. 8
3 2.2
47.1
3 7.6

10 2. 0

2.2

3.2

34.6
51.8
42.3
5.8
3.8

89. 7
2. 4
7.0
31.3
49. 0
38. 0
7 .3
3.7

7. 7
28.6
43.4
33.4
6, 5
3. 5

95.5

88.9

88.8

9 3 .4

82.2

7S.7

105. 1

1

2 .6
.1

2 .9

1 .6

3.7

2 .8

2.6

2

- .2

1.7
2.5

-.4
7.1
7.5

10. 7
10 .9

.5
M.l
12 . 6

.9
1 5.6

3»4
.4

8.9

2.3
- .2
3.9

9* ?
3.1
9. 9
6.8

l?3
4.8
13.9
9.1

5 .8
24.8
29,0
1

9

28.0
5.6
19. 1
3-2
16. 3
13.1

24.1
4.5

38 .0
15.5
22.9
-.4
-.7
-.4

10
11
12

1 .6

16

2 .0

33.6
13.4

2 .0

.2

54.7
1 0 .2

15.8
28.6
16.4
4.2
5. 9

8. 2
1 .8

38.3
14.2
9.3
3.3
11.3

41.8
22.5

91.9
3.5
8.9
31.6
47 .8
37.8
6. 4
3.6

12.0
.2

7.0

6.2

5 .5
10. 1

12.8
26. 8

15.6
4. 6
4. 7
2 .0

11.1

25.4
14.3
4.3
5.2
I, 6

8 .8

2 8. 9
9. 7
8.4

3.2
14.6

9,6

1 .2

81. 8
2 .1

6,1

7

46.5
9.2
14. 9
22.4
11.3
4.4
5.1
I -5

11.0

9

27. 0
22.4
11.9
4. 6
4. 8
l.l

10
11
12

23 . 6
7.3
4.8
5. 0
6.5

22.9 16
5 .4 17
6 . 2 18
2 . 2 19
9.2 20

?6 . 2
2. 9
8. 8
24. 7
3 9.9
33.2
4.0

8 8 . 5 21
3 .6 22

2.6

8

13
14
15

11.3 23
2 1. 2 24
52. 5 25
44. 2 26
4 .6 27
3.7 28

II. F U N D S A D V A N C E D D I R E C T L Y I N C R E D I T M A R K E T S
66.9

1 T C T AL FU N D S R A I S E C
A D V A N C E D D I R E C T L Y BY—
2 U .S . G O V E R N M E N T
3 U . S. G . C R E D I T A G E N C I E S , N E T
4
F U N D S AC V A N C ED
5
L E S S - F U N D S R A I S E C IN CR .MKT .

2 .8

.4
,7
.4
3. 4

6 FEDERAL RESERVE SYSTEM
7 C O M M E R C I A L BA NK S , N E T —
8
FUNDS ADVANCED
9
L E S S - F U N O S R A I S E D IN CR . M K T .

21.8

22.4
.6

22 MEMC: U . S . G O V T . C A S H B A L A N C E
T O T A L S NET OF C H A N G E S IN U.S .
23 T O TA L F UN D S R A I S E D
24
BY U.S. G O V E R N M E N T
NET F U N D S A D V A N C E D B Y —
25
F E D E R A L R E S E R V E S YS T E M
26
C O M M E R C I A L B A N KS

3.5
16. 7
16. 8
.1

DCMESTIC

TOTAL
DEPOSITS
DEMAND

NONFINANCIAL

DEP.

♦

TIME
AT

7

AT

8

CREDIT

9
10

U .S .

GOVT.

PVT.
LESS

CREDIT MKT.
INSTR.
SECURITY DEBT

11

12
13
14
15
16
17
18

MKT.

.2

.2

4 .2
9.4
13.7
4.3
30.9
10.3
22.3
-1.7

33.5
14.5
21.5
-2 .4
9 .8
1 2.3

-2.9
47.1
47 . 0

*•1

3.1
9.2
1 0. 1

-.1

.9

33.0
22.9
-2.5
7.3
9 .8

31. 3
15.7
20.3
-4.8
-1.5
3. 3

5,0
24.7
29 . 2
4.5

1 .1
6.2

5.0

34. 7
13.5

30,5

22.6

27.0
-3.0
9.4
12.4

- 1.8

2 .8

2 .5

2.0

9.4

-1 .4

1.3

6. C

-2.9

6.7
6.4
.9
2.9
3.6

52.7

- .2

3 9.0
11.4
7. 2
18.8
-1 .6

44.7
13.2
6 .5

-.2

13.7
9.0
.7
5.4
1.4

21.8
1 2 .6

.9
4.0

19. 1
3. 6
3.4
11.9

4. 1
5.0
- .2

4.9
32.3
-3.2

-.6
1.2

-1.3
2 .2

10.0

11.7

12.6

22.2

- 2 .7

-1.4
16.5
17. 9

6.6

12.2

2.0

36. fc
7. 1
13,4
16.0
-•2

6 .0

5.6

2 2.0

-2.3
-2. 7
-•4
7.0
3 8.9
11.0

3.2
19.4
-5.3

3
4
5
6

7
8

13
14
15

3 1 . 0 17
2 .1 18
.9 19
2 5 . 7 20
- 2 . 4 21

.4

-9.6

-6.4

2 .1

1.5

4. 1

.4

2.7 22

98.6
14.6

87.8
-4.0

105.0
4.2

95.3
l.l

86.7
-15.4

92.0

78. 1
-3. ?

79.3
3,1

1 0 2 . 4 23
13.9 24

3.9
36.5

4 .8
39.3

3.7
9. 5

- 2.8
56. 7

3. 3
15.4

5.1
22.4

- .6
-.3

6.8

2.7

l.l

2.8

9. 0 25
19. 0 26

3. 2
21.8

3.3
17.2

S U P P L I E D T O C R E D I T M A R K ETS

68 . 5

82. 6

97.4

88.2

95.5

88.9

88.8

93.4

82.2

79 , 7

105. 1

1

42.2
35.2
6.4
28.8
13.0
15.7

42 . 8
23.7
4.0
19.7
12. 5
7.2

47.7
50,6

58. 1
44.3
11.2

33.1
20.5

- 12 .0

1 2 .6

8.0

63.3
56 . 6
15,8
40.8
27 . 5
13. 3

48.8
4 .1
- 2.8
6.9
- 6.1
1 3.0

28.8
6.9
4.1

39.1
22.3
1 6.7

40 .4
1.4
5.5
-4.1

36.5
-16.1
*
- 16. 2
- 22.1
5.9

46.0
9.4
19. 1
-9 . 7
-13.6
3-9

49.3
10 . 4
-3.2
13.6
9.4
4.2

72. 0
4 1 .0
-3.0
44.0
28.9
15.1

2

11.6

7.0

-2.9
-2 .8

13. 7
8 .9

39.0
15.8

6.3

19.1
8.5
10.4

6.2

-.9
22.5

-.2

21,6
- 1 .6

44.7
24.7
17.3
-2.7

52.7
26.3
23.2
-3.2

36.6
13.4
23.0

- .2

2 .0
2.2

6.7
9.6
.7
3.6

38.9
4,6
29.1
-5.3

31.0
8
4.7
9
2 3 . 9 10
- 2 . 4 11

2 .6
2.0
.6

.7
2.5
- 1.8

5.0
2 .2
2.8

4,0
1.5
2.5

4.9
-4.5
9.4

12.7
1 4.1
-1.4

14.4
13.1
1.3

.2
2,8

-.4
4.9
16.7
3.8

-9.6
2,9
19.6
1 4.4

-6.4
2. 3
16.7
14 . 8

2.1
1.6

1. 5
3.7

4.1

4.6
18.7
5.6

2.8

2.6

18.6
23.4

22.2

17 . 3
9.4

18 . 8
*

66.9

SECTORS:

NET

.6

SECURITIES

O T H E R SOURCES:
F O R E I G N FU N D S
AT B ANKS
DIRECT
CHG. IN U.S. G O V T . C A S H B A L .
U . S . GOVT. L O A N S
PVT. INSUR. A N D P E N S I O N R ES.
SOURCES N.E.C.

11/70 D A T A ARE B A S E D O N P R E L I M I N A R Y

S O U R C E S OF FU N D S

2.2

BY-

IN STIT.

IN STR.,

3.7
39.0
3 9.2

- .8

- 1 .2

AND S V G S . A C C O U N T S
COMMERCIAL BANKS
SAVINGS

4.8
36 . 8
37.0

8 .8

1 .2
-.4
.2
G O V T . C A S H B A L A N C E S81.5
68.9
66.7
11 .9
3.9
6. 3

CURRENCY

6

3.2
3.5

36.1
16.9
20.4
-1.3
4.3
5.6

5.2

.6

III.

PRIVATE

-.2

- .1
-.6

7.0
2 .0

T O T A L B O R R O W I N G BY
1
NONFINANCIAL
SECTORS
F IN A N C E D D I R E C T L Y AND I N D I R E C T L Y

2
3
4
5

4.6
.5

88 .2

6 .1

16 F O R E I G N
17 PVT. D O M E S T I C N O N F I N A N C I A L
18
BUSINESS
19
S T A TE + L O C A L G OV T . , GEN,
20
HOUSEHOLDS
21
LESS-NET SECURITY CREDIT

4.9
.3
5.1
4. 8

97.4

25.9
7 .8
19.3
-1.3
5. 8
7. 1

31 . 0
16.0
15.6
-. 5
5.5

10 PVT. N G N B A N K F I N A N C E
11
SAVINGS INSTITUTIONS,NET
12
INSURANCE
13
FINANCE N.E.C., N E t I'
14
FU N D S A D V A N C E D
15
L E S S - F U N D S R A I S E D IN M K T S .

82.6

68.5

13.9
5.3

1 .2

1.4

- 1 .2
5.2
18. 2
13.2

I N F O R M A T I O N S U B J E C T TO R E V I S I O N .


1/ Excludes sponsored credit agencies. See
2/ Includes unconsolidated bank affiliates.
http://fraser.stlouisfed.org/
3/ Includes open-end investment companies.
Federal Reserve Bank of St. Louis

Part II, line 3.

10.4
8. 4
2.0

.4
2.6

18.7
15.7

2.8

-6.3
9. 1
21.8

- .2

U.9
5.9
6 .0

17.6

- .2

2 ,6

.6
2-9

8.6
1.6

7.0
•4

.1

3
4
5
6

7

12

- 1 . 5 13
1 . 6 14
2.7
3.4
19.5
7.4

15
16
17
18

13 AUGUST 1970
NET INVESTMENT + BORR OW IN G

NET I N V E S T M E N T + B O R R O W I N G

3

PRIVATE DOME ST IC NET INVESTMENT ANO BORROWING IN CREDIT M A R K E T S
(BILLIONS OF DOLLARS)

SEA S

ADJ A N N U A L R A T E S

_____________A °J A N N U A L R A T E S
19 6 5

1
2
3

3

TCTAL, H O U S E H O L D S AND BUS I N E S S
T O T A L C A P I T A L O U T L A Y S (1)
C A P I T A L C O N S U M P T I O N (2)
NET P H Y S I C A L I N V E S T M E N T

YEAR TOTALS
1966
19 6 7
19 6 8

1969

I 1968
| IV

I
I

19 6 9
I

II

III

IV

I
I

1 9 70
I

II

152.4
103.2
49.2

191.2
118.5
72.7

188.7
128.4
60.3

209.2
139.6
69.6

228 .4
150.1
78. 3

218.3
143.6
74.8

223.7
146.8
76.9

228.5
149.7
78.8

231.8
152.6
79 . 2

229.6
155.5
74. 0

220.8
158.6
62.2

224.2
16 1.6
62.6

1
2
3

49.6
-.4

57. 0
15.7

57.6
2.7

70.9
-1.3

79.5
-l.l

83.7
-8.9

79.2
-2.3

86.4
-7.6

80.3
-1.1

72.0
2.0

64 . 5
-2.3

73.7
-11. 1

4
5

109. 1
71.2
37. 9

6
7
8

4
5

NET B O R R O W I N G
NET E Q U I T Y I N V E S T M E N T

6
7
8

TOTAL BUSINESS
TOT A L C A P I T A L O U T L A Y S
CAPITAL CONSUMPTION
NET P H Y S I C A L I N V E S T M E N T

70.2
47.3
22.9

97.0
54.2
42. 8

94.0
58 . 5
35.6

99.4
62.9
36.5

111.5
67.1
44.3

106.5
64.2
42.3

107.7
65.6
42.2

108.9
66.6
42.3

115.2
67.6
47.5

114. 1
68.7
45. 4

107. 1
70.0
3 7.1

9
10

N ET B O R R O W I N G
NET E Q U I T Y I N V E S T M E N T

21.7
1.2

33.8
9.0

3 7 .9
-2.3

39 . 1
-2.6

47.8
-3.5

48.8
-6.5

47.1
-4.9

51.8
-9.5

49. C
-1.5

43.4
1.9

39.9
-2.7

9
52.5
- 1 4 . 5 10

11
12
13

CCRPORATE BUSINESS
TOTAL CAPITAL O U T L A Y S
CAPITAL C O NSUMPTION
NET P H Y S I C A L I N V E S T M E N T

52.1
32.8
19.3

77 . 1
38.2
38.9

72.0
41.5
30.5

76.9
44.9
32.0

87.0
48.0
39.1

82.4
45.7
36.7

83.7
46.8
36.9

85.2
47.6
37.6

89.9
48.3
41.6

89.3
49.1
40. 1

83.5
50.1
33 . 4

84.2 11
51.0 12
33.3 13

14
15

N ET B O R R O W I N G
NET E Q U I T Y I N V E S T M E N T

13 . 7
5 .6

24.9
14. 0

29.4
1.2

31.0
1.0

37.8
1.3

40.7
-4.0

37.6
-.7

42.3
-4.6

38 . 0
3.6

33.4
6.7

33.2
.2

4 4 . 2 14
- 1 1 . 0 15

16
17
18

HOUSEHOLDS
TO T A L C A P I T A L O U T L A Y S
CAPITAL CONSUMPTION
NET P H Y S I C A L I N V E S T M E N T

82.2
55. 9
26.3

94.2
64. 3
2 9, 9

9 4.6
69.9
24.7

109. 8
76.7
33.1

116.9
82.9
34.0

111.8
79 . 4
32. 5

116 .0
81 . 2
34. 8

119. 6
83.1
36.5

116. 6
85.0
31.7

11 5 . 5
86. 8
28.7

1 13.7
88.6
25.1

115.1 16
9 0 . 4 17
24.6 18

27. 9
-1.6

23.2
6.7

19. 7
5.0

31.8
1.3

31.6
2.4

34.9
-2.4

32.2
2.6

34.6
1.9

31,3
.4

28.6
*

24.7
.4

21.2 19
3 . 4 20

-3.4
2.7
1.5
2.3

-. 8
7. 9
2.0
2.4

-1.3
7.8
1.9
3.5

-1.9
6.0
1.9
4 .7

- 3.1
8.0
2.4
5.0

-3.5
5.4
1 .8
6.1

-3.3
8 .0
2.2
4.2

-1.5
7.3
2.3
6. 2

-*.9
6. 0
2. fc
5.4

-4.7
6.0
2. 6
4.0

-2.1
6.2
2.8
6.5

- 2.1
5 .9
3.0
3 .4

19
20
21
22
23
24

(3)

NET B O R R O W I N G
NET EQUITY INVESTMENT
OF WHI C H :
HOUSES LESS HOME MTGS.
D U R A B L E S LESS C O N S . C R E D I T
N O N P ROFIT P 6 E LESS MTGS.
L E S S — U N A L L O C AT ED D E B T

(1) CAP IT AL O U T L A Y S AR E T O T A L S F O R R E S I D E N T I A L A N O N O N R E S IDENTI AL
F I X E D CA P I T A L , N E T C H A N G E I N I N V E N T O R I E S , A N O C O N S U M E R D U R A B L E S ,
E X C E P T O U T L A Y S BY F I N A N C I A L B U S I N E S S .
<2)CAPITAL CONSUMPTION INCLUDES AMOUNTS FOR C O N S U M E R DURABLES
AND E X C L U D E S F I N A N C I A L B U S I N E S S C A P I T A L C O N S U M P T I O N .
( 3 ) E X C E S S OF N E T

INVESTMENT OVER NET BORROWING.

I 1/70 D A T A ARE B A S E D O N P R E L I M I N A R Y




I N F O R M A T I O N S U B J E C T TO R E V I S I O N .

21
22
23
24

13 A U G U S T 197 0
HOUSEHOLDS

HOUSEHOLDS

4

SECTOR STATEMENTS OF SAVING AND INVESTMENT
(BILLIONS OF DOLLARS)

SEAS

ADJ

ANNU A L R A T E S

A0J ANNUAL RATES
YEAR TOTALS
1966
1967
1968

19 6 5

1969

HOUSEHOLDS, PERSONAL TRUSTS,

I 196ft
I IV

I
I

1969
I

II

III

IV

I
I I

1970
II

AND N O N P R O F I T OR G A N I Z A T I O N S

497. 5
59.4
411.9
26.2
4.2
.6
11. 2

587 . 2
75.4
479.3
32.5
5.3
1. 3
15.2

629.3
83.0
506.0
40. 4
6.0
1.7
12.4

6 8 8 .7
97.5
550.8
40.4
5. 6
2.5
17.0

748.9
117.3
593.9
37.6
6.6
2.5
17,3

712.5
106.5
566,4
39.6
5. a
2.7
1 7. 4

725.8
113.8
577.8
34.2
5.9
5.0
17*8

741.1
118 . 1
589.7
33.3
6.6
U9
17. 7

758.1
117.4
598.6
42.0
9.3
2*2
14 * a

77C* 5
119.9
609.6
41.1
4*7
l.l
14.5

782 .3
117.0
620.4
44.9
5.3
2*2
11*1

8 0 1*5
117*5
632.0
52.0
a.3
1*3
12.1

1
2
3
4
5
6
7

42.1
55.9
6. 8
1.1
4 8 *0
98.0

54.3
64.3
7. 4
1.3
55.6
118.6

60.5
69.9
7.8
1.4
60. 7
130.4

65.5
76.7
8. 2
1. 5
67.0
142.2

64.1
82.9
8.6
1.6
73.8
147.1

65.5
79.4
8.3
1.5
69.5
144.9

62.9
81.2
a. 5
1.5
71.3
144.1

59.5
83.1
8*6
1. 6
73.0
142.6

68.4
8 5 *0
8.7
1 .6
74*7
153.3

61.4
86.8
8.8
1*6
76.4
148.2

63.5
88.6
8 .9
1.6
78.0
152 . 1

73.8
90. 4
9 .1
1*7
79. 7
164.2

8
9
10
11
12
13

14 G R O S S I N V E S T M E N T
15 C A P I T A L E X P E N D . ( N E T O F S A L E S
RESIDENTIAL CONSTRUCTION
16
C ONSUMER D U RABLE GOODS
17
PLANT ♦ EQUIP. (NONPROFIT)
18

101.2
82*2
19.3
59.2
3.7

119.8
94.2
18. 9
70.8
4.5

131.7
94.6
17.0
73.1
4.5

134.0
109.8
21.2
84.0
4.5

1 3 7.3
11 6 . 9
21.8
90.0
5.1

139.9
111.8
20.4
86.9
4.4

134.9
116.0
2 2.1
89.1
4.a

126.9
119.6
24*0
90.6
4.9

145.6
116.6
21*9
89.5
5.3

141.7
115.5
19.3
90.8
5.3

144.8
113.7
19.1
8 9.1
5. 5

162.3
L15.1
17*6
91.8
5.6

14
15
16
17
18

NET F I N A N . I N V E S T M E N T
NET ACC. OF F I N A N . A S S E T S
TOTAL DEPOSITS ♦ CURR.
CEMAND DEPOSITS + CURRENC
SAVINGS ACCOUNTS
AT C O M M E R C I A L B A N K S
AT S A V I N G S I N S T I T U T I O N S

19.0
47.1
30.2
6.3
23. 9
8 .2
15.7

25.6
4 9. 3
22.2
3.1
19.1
11.9
7. 2

37.0
6 0.7
43.9
11.4
32.5
15.8
16.7

24.2
58.9
34.7
6.9
27.7
15.1
12.6

2 0. 3
50.3
14.6
3.4
11.3
3.3
8.0

28.1
69.2
44.7
13.5
31.1
1 7.8
13.3

ia.9
47.5
11.7
-7.9
151*6
6.6
. 13.0

7.3
41.5
20*0
5.6
14.5
5.4
9 .1

29.0
56*0
3.5
-1.5
5 .1
-.8
5.9

26.2
56.5
23.2
17.3
5. 9
2.0
3. 9

31*1
49* 9
13.1
1.0
12.1
7.9
4*2

47.3
65. 0
19. 3
-1.5
20.8
5.7
15. 1

19
20
21
22
23
24
25

PE R S O N A L INCOME
LE S S - P E R S O N A L T A X E S + N O N T A X E
PERSONAL OUTLAYS
= PERSONAL SAVING, NIA BASIS
+ C R E D I T S FRO M GOV T . I N S U R .
6 + CAPITAL GAINS DIVIDENDS
7 ♦ NET D U R A B L E S IN C O N S U M P T I O N

1
2
3
4
5

8 = NET S A V I N G
9 + CAPITAL C O N S UMPTION
ON O W N E R - O C C . H O M E S
10
ON N O N P R O F I T PL.*fcQ.
11
ON C O N S U M E R D U R A B L E S
12
13 = G R O S S S A V I N G

19
20
21
22

23
24
25
27

LIFE I N S U R A N C E R E S E R V E S
PENSION FUND RESERVES

4.3
ID. 9

4.6
13.4

4.8
15.3

4.5
14.9

4 .5
1 5.8

4.5
16.1

5.3
11*1

3. 7
16. 2

4*5
20. C

4. 5
14. 0

4.5
15.4

4 * 6 26
18.5 27

28
29
30
31
32
33
34

C R E D I T MK T . I N S T R U M E N T S
U. S . G O V T . S E C U R I T I E S
ST A T E A N O L O C A L O B L I G .
C O R P O R A T E AND FGN. BO N D
INVESTMENT CO. SHARES
O T H E R CORP./ S H A R E S
MORTGAGES

4. 0
2.2
2.0
-.5
1.9
-1.9
.3

11.9
7.3
2.1
2.0
3.7
-4.7
1.4

-1.3
.6
-2.1
4.0
2.6
-7.4
1.0

5.4
7.1
- .2
4.6
4.7
-12.4
1.6

18.8
13.1
3.8
4.9
5.6
-9.9
1.3

2.9
11.1
-2.9
6,9
4.9
-17.7
.7

22.2
16.1
5.0
4.a
7.6
-13.0
1.7

5. 0
2.1
1.7
5.3
4.7
-10.0
U l

32. 3
24.1
3.3
4.7
6*1
-8.4
*.5

16*0
10*1
5.0
4.7
4.2
-8*0
-

1 9. 4
9.1
4.0
9*2
2* 3
-8.1
3 .2

25*7
7*6
2.4
14.7
2*8
-2*7
.9

35
36
37

NE T INV. IN N O N C O R P . B U S .
SECURITY CREDIT
MISCELLANEOUS

-3.2
-.1
.9

-4.1
*
1.2

-4.6
l.l
1.7

-3.2
.7
i.a

-4.8
-.8
2.1

-2 *8
1.9
1.9

-5.3
-1.5
2.0

-4.5
- I .0
2.0

-4*7
-i.a
2.1

-4.5
Ul
2. 2

-3.5
-1*3
2.1

- 3 . 5 35
-I *9 36
2* 3 37

38
39
40
41
42
43
44
45

NET I N C R E A S E IN L I ABIL IT IES
C R E D I T MKT. I N S T R U M E N T S
HOME MORT G A G E S
OTHER MORTGAGES
INSTALLMENT CONS. C R .
OTHER CONSUMER CREDIT
BANK LOANS N.E.C.
OTHER LOANS

28. 1
27.9
16. 0
1.0
7.2
1.3
1. 5
.9

23.6
23.2
12.3
1.3
6.2
1.0
.4

34.6
31.8
14.9
l.l
9 .0
2 .1
3 .0

2.0

23.7
19.7
10.5
1.2
3.4
1.2
2.1
1.3

30.0
31.6
16.3
1.1
8.3
1.0
2.0
2.9

41.2
34.9
1 5.6
L.l
10.2
1.8
4 .6
1.6

28.7
32.2
IT .0
L.l
8.3
1.5
2.1
2.1

34*2
34.6
16.9
l.l
9.6
.8
3* 5
2.7

2 7.0
11.3
16. e
l.l
7.7
t.i
1.5
4.0

30.3
28.6
15*2
l.l
8* 0
*5
1.0
3.0

18.8
24*7
12*3
1.0
4*0
.8
3*1
3.4

17.7
21.2
10.6
1*0
4. 6
1.6
*1
3*2

-.2
.3
.2

-.2
.3
.4

3.3
.4
.3

2.1

.4
. -♦

-2.4
.4
.3

5.5
.4
.4

-4.3
.4
..4 '

-1.2
*4
.4

- 5*0
.4
.3

.9
*4
.3

-6*6
*4
.3

- 4 * 3 46
*4 47
.3 48

-3.2

-1.2

-1.2

8. 1

9.8

5.0

15.7

7*7

6.5

7 .3

26

46
47
48
49

SECURITY CREDIT
T R A D E DEBT
MISCELL ANEOUS
CISCREPANCY

11/70 DATA ARE BASED ON PRELIM IN AR Y INFO RM AT IO N




1.6

SUBJECT TO REVISION.

9.3

1 .8

28
29
30
31
32
33
34

38
39
40
41
42
43
44
45

49

13 A U G U S T
BUSINESS

1970

BUSINESS

5

SECTOR STATEMENTS OF SA VI NG AND INVESTMENT
(BILLIONS OF DOLLARS)

SEAS

ADJ A N N U A L R A T E S

SEAS ADJ A N N U A L RATES
1 965

YEAR TOTALS
1967
1968
1966
NONFINANCIAL

20
21

DISCREPANCY

III

IV

I
|

I

1970

II

- TOTAL
146.4
83.6

147.3
82.2

146.8
84.0

141. 8
80. 1

136.8
79.9

138.9
8 3.0

1
2

69.6
97. 0
82.2
76.1
-. 7
6. 8
14. 8

70.4
94. 0
85. 8
77.8

74.3
99.4
91 . 8
82.8
.9

75.4
111 .5
103 .0
92.8

74.6
106.5
97.2
85.9

77.6
107.7
100.4
89.5

74.8
108.9

2.0

1 ,2

75. 3
114. 1
106.9
. 95. 8
.2
10.9
7 .2

75. 0
107. 1
105.5
95.5
*

78.2
109. 1
106. 5
95 .6
.9

3
4
5

-.1

73.4
115.2
I 03. 8
94. 7
- 1.5
10.5
11.3

10.0
1 .6

10.0
2.6

8

-l?.l
13.9
26.0
,21.7
5.4
-.3
9.4
4.6

-27.4
16. 5
43.9
33.8
11.4
- 1.0
9.7

-23.7
14.7
38 . 4
37.9
1 7.0

-25.2
28.2
53.3
39.1

-41.8
24.2

-32.1
32. 7
64. 8
39. 9

1 .1

.3

9. 2
7.7

1 1 .0
1 0 .6

2 .6

3.6
7.4
2.7

2.8

5.1

4.0
-3.5

6.8

5.3

14.9
- 1 .8

11. 4
11 . 7
14.2
2. 8

-38. 8
15. 8
54.6
43.4
19. 8
-.9
1 C. 0
9. 2
5. 3
7.9
3.3

3.5
7.1
11.7
13.2

-30.9
34 . 4
6 5.3
52. 5
31.8
1.3
9 .5
5.4
4. 5
8.5
4.3

6 .0

7,4

10.7

4. 9

4. 9

4 .8

21

75. 3

76. 3
19.5

77. 0

76. 9
19. 5

77.4
1 9. 9

7 7.6

20 .0

20.2

1
2

19.,5
24. 8
24. 3
,5

19. 9
23 . 6
23.5
.1

2 0 .2

-5.,4
1 .,0
6 .,4
1 0 .. 0
4.,9
1 ..9
3..2
,9
-4.,5

-3.8

-4. 7

65.3
31.0
2 1.7
12.5
3.3
-5.8
50.1
60.0

65 . 7
31.2

16 . 0
2.9
- 3.2
48.3
64.1

71. 5
34.5
21.9
15. 1
3.0
- 6. 5
49. 1
60.6

53.4
89.9
81.4
79.1
2. 3
8. 5

55. 8
89. 3
82. 5
79. 1
3 .4
6. 7

55.1
83.5
82.0
79.7
2.3
1.5

58.0
84.2
82.4
79.7
2. 7

-33 . 5
14.8

-28.4
31.9

- .6

4.4
-4.7
-.4
-3.1
14.8
- 2 .2
1.5
17.7
8.3

10 NET F I N A N C I A L I N V E S T M E N T
NET I N C R E A S E IN F I N A N . A S S E T
11
NET I N C R E A S E IN L I A B I L I T I E S
12

CR E D I T MKT I N S T R U M E N T S
S E C U R I T IES
HOME MORT G A G E S
OTHER MORTGAGES
BANK:LOANS N.E.C.
OTHER LOANS
T R A D E DEBT
OTHER LIABILITIES

II

145.7
81.5

58.0
70. 2
64.3
56. 5

13
14
15
16
17
18
19

1969
I

14 5 . 6
82 . 6

GROSS INVESTMENT
CAPITAL EXPENDITURES,
FIXED I N V E S T M E N T
BUSINESS PLANT + E Q U IPMENT
1-4 F A M I L Y R E S I D E N T . C O N S T
OTHER RESIDENTIAL
C H A N G E IN I N V E N T O R I E S

8

I
|

143.5
80.5

3
4
5

9

BUSINESS

I 1968
|1 IV

13 6 . 2
79.3

INCOME B E F O R E T A X E S
GROSS SAVING

7

1969

139.1
77. 7

115.3

1
2

6

5

6 5.0

.1

7. 7
5.8

3. 4
.9
6. S

2 .0
6.1
8.2

10.1

8.1

7. 6

7.4
6.3

9.0

8. 0

12.1

10. 4
8 .5

9. 2
9.3

9. 7
7. 4

-3 6 . 1
25.5
61.6
47.8
16.4

-31.9
30.3
62 . 2
48 . 8
12.4

-30.2
30. 2
60.4
47.1
14.7

- .6
1 0. 6

1 .0

-.6
1 1 .2

12.5
8.9
11.3
2.5

13.1
18.7
3. 6
7.6
5.9

7.2

6.9

13. 9
7.9
8.1

101.0

9 1.2
-.4
10.3
7.9
-34. 1
30.8
64.9
51.8
14 . 9
-.3
10.9
15.5
10.8

6 6.0

49.0
16.1
-.5
10.2

20.2

-.9
10.0

6

7
9
10
I1
12

13
14
15
16
17
18
19
20

F ARM AND NONFARM N O N C O RPORATE BUSINESS

20 .1

24 . 4
23 . 2
1 .2

1.0

.8

.8

2.8

-4.5
1.5

-4.3
1.3
5.6

-5.7
1.5
7.2
8 .1

5.7

6.5
.5
l.l

-4.3
1.3
5.5
9.6
6.3
1.5

-5.3

10. 0

-2.8
.9
3.8
9.5
5. 7
l.l
2. 7
-.4
-5.3

1 .8

2.9
l.l
-4.7

14. 5
18.1
18.1
*

16. 5
19.9
19.5
.4

-3.6

-3.4

-4.2

1.0

1 .1

1.2

4.7
, 8.0
5. 5

4.5
9. 0
4.5

.8

2.2
2.2

5.4
8.5
5. 8
1.3
1. 4
1.5
-4.6

-3.2

24. 0
23.2

18.1
22.6
22.0
.6

3 GRCSS INVESTMENT
4 CAPITAL EXPENDITURES
5
FIXED INVESTMENT
C H A N G E IN I N V E N T O R I E S
6

.9

-.4
-4 . 1

18 .3
24. 1
23.1

17 . 9

71.2
17 .9

-.1

21.2

22 . 1
21.1

69. 8
16.5

1.7

74. 2
18.3

20 .1

60. 1
14. 5

7 NET F I N A N C I A L I N V E S T M E N T
NET I N C R E A S E IN F I N A N . A S S E T
8
NET I N C R E A S E IN L IAB IL I T IE S
9
C R E D I T MKT. I N S T R U M E N T S
10
MORTGAGES
11
BANK LOANS N.E.C.
12
OTHER LOANS
13
T R A D E DEBT, NE T
14
PROPRIETORS' NET INVESTMEN
15

76 . 3

73.2
18 . 1

1 NET INCOME
2 GROSS SAVING

6.0
8.1

5.5
1 .1
1.6
1 .1

-3.2

1 .6

2.7
.4
-4. 8

2.0
-2 .8

2 1 .2

19.5
23.7
22.9

.4
-4.5

20.0

25. 2
22.4

2 .1

7.3
11.0

5.9
2.1

24. 9
24. 1
.8

3
4
5
6

7

.8

1 .2

8

4.5
6. 7
4.6

5.9
8.3
4.9
2.4
.9
l.l
-3.5

9

- 1 .2
3.3
1.4
-3.5

10
11
12

13
14
15

NONF I NANCI AL C O R P O R A T E B U S I N E S S

53. 1
77.1
62.7
61.6
l.l
14.4

52.5
72.0
64.7
62.5
2.3
7.3

56.2
76.9
69.9
67.5
2.4
7.0

5 5.2
87.0
7 9.8
76 .9
2.9
7.2

56.3
82.4
74. 1
70.7
3.4
8.3

56.4
83.7
77. 1
73.9
3.2
6 .6

7.1

-24.0
15 . 5

-19.5
13.5

-20.7
26.6

-3 1.8
24.2

-26. 2
28.8

-27.3
29.3

-29.9
29.6

-36.5

1.9
.7
-. 7

*
- 2.2
4.1
-3.1
1.5
-.4
.9

4.5
-4.3
4.1
-1.3
4.7
1.3
l.l
18. 6
4.6

8.0

4. 2
.7
-7.6
-3.2
11. 7
2. 7
.9
18.2

-3.0
-1.7
- 10.8
-3.8
13. 1

43.6
52. 1
46.2
44. 1

13
14
15
16

NET F I N A N C I A L I N V E S T M E N T
NET A C Q U I S . OF F I N A N . A S S E T

- 8. 5

10
11
12

23
24
25

L I QUID ASSETS
D E M A N D DEP. A N D C U R R .
TIME DEPOSITS
U.S . G OVT. S E C U R I T I E S
OPEN-MKT. PAPER
ST A T E A ND L O C A L O B L I G .
CONSUMER CREDIT
TRADE CREDIT
OTHER FINANCIAL ASSETS— '

26
27

NE T I N C R E A S E IN L I A B I L I T I E S
C R E D I T MKT . I N S T R U M E N T S "

17
18
19
20
21
22

28
29
30
31
32
33
34
35
36
37
38

C O R P O R A T E BON CS— ^
C O R P O R A T E S TO C K
MORTGAGES
BANK L O A N S N . E . C .
OTHER LOANS
PRO F I T TAX L IAB IL ITY
T R A D E DEBT
OTHER LIABILITIES
DISCREPANCY
MEMO- NET TRADE CREDIT
P R O F I T S TAX P A Y M E N T S

1 1/70 D A T A ARE B A S E D O N P R E L I M I N A R Y
1/

2.1

5.9
12.8

18.9
2.7
-5.9
46.8
62.4

28.3
18.8
19.0

17.1

8. 1
2.2

11.3

8.8

4.5
.4
1.7
14.8

1 .0

3. 8

.1

2 .3
.5
-7 . 8
-1.4
8.7
2.3
1.3
17.3
3. 4

21.3
13. 7

39.4
24.9

33.0
29.4

47.3
31.0

56 . 0
37.8

55.0
40.7

4.0
1.4
3.6
3.8
.9
.5
3. 6
3.5

1 0 .2
1 .2

14.7
2.3
4.5
6.4
1.4
-4.1

12.9

12 . 1

- .8

4.3
4.3
10.9

7.8
6 .5

2 .6

6. 9

8.0

9.0

4. 5
23.6

3. 5
3 0.5

32.7

1 .2

-2.3
3.2
-1.5
1.6
.2

1.3

73.0
35. 2

2 .6

G R O S S I N V E S T M E N T (10 ♦ 15)
CAPITAL EXPENDITURES
FIXED INVESTMENT
PL A N T AND E Q U I P M E N T
RESIDENTIAL CONSTRUCTION
C H A N G E IN I N V E N T O R I E S

9

19. 0

77.0
37.1
21.5
18.4

-4.2
45.7
63.1

2 .1

8

21.1

2 .8

1 .8

- 1.8
3 8.2
61.2

7

77.1
37.1

2 1 .1

-5.4
48 .0
62 . 5

1.8

-.5
32.8
50 . 5

6

7 5. 8
35.6

21.6

-l.l
41.5
61.5

66. 1

55. 7
24.2
14.9
16.5

3
4
5

74.7
36. 0

73.6
34.7
20.5
18.4
2.5
-3.3
44.9
62.5

71.1
30.0
18.1
22.9

PROF I T S B E F O R E TAX
- P R O F I T S TAX A C C R U A L S
- NET D I V I D E N D S P A I D
= UNDISTRIBUTED PROFITS ~
+ FGN. B R A N C H P R O F I T S
+ INV. V A L U A T I O N A D J .
+ C A P I T A L C O N S U M P T I O N ALL.''
= G R O S S INTE R N A L F U N D S

1
2

- 1.2
2.0
1.0
1 .2

4 .2
7. 9
1.4
.2

5.2
6.2

INFORMATION SUBJECT

10. 1

1.3
2.2
1.8

5.8
9.6
3.6
3.7
5. 7
6.9
6.3
9.2
31.9

2.8

-6 .0
47.6
62.7
55.4
85.2
78.1
75.5
2 .6

21.8

22.2

12.9
3. 3
-4.4
51. 0
62.8

1.8

I
2

3
4
5
6

7
8

9
10
11
12

13
14

-26. 2 15
3 3 . 3 16
1 1 .2

- 1 .8
13.1
-1.3
3. 3
- 2.1

17
18
19

6 .2

1.4
18.5
5.3

- 1.1
-5.6
-4.9
7.2
3. 7
.7
14. 1
.7

56.6
37.6

59.4
42.3

58.7
38.0

48.2
33.4

60.2
33.2

59 . 4 26
4 4 . 2 27

14 . 6
-2 .2
7.6
18 .2

14.6

2.6

10 .9
6.5

5.2
5. 6
8.5
5.0

10.5
5.6
3.8
9. 3
8. 8
.8
13.2
6.7

10. 7
9. 1
4.2
7.3
2. 0
.5
7.0
7.4

13.9
6.3
4.5
4. 7
3 .8
1.5
10.3
15.2

27.0
4.8
5.9
2.9
3.6

2.9
5.6
5. 7

12. 5
2. 4
4.4
14.0
9.0
-3.9
14. 5
6.5

7.2
6.4
36.3

6.9
1 3.0
34.0

9.8
33. 1

7.4
3. 7
42.2

1 0.7
5.3
35.4

4. 9
7. 1
34.4

4.9
7.4
3 0.4

4 . 8 36
8.5 37
3 1 . 5 38

6.2
.8

3.8
-7.2
6.1
2.9
2.4
1.6

18.3
1.4

.1

4.9
1 2. 8

6 .0

.2

TO R E V I S I O N .

Line 28 excludes new issues sold abroad, and line 25 excludes direct investment financed by foreign security flotations.




21.6

20
21
22

1 .8 23
1 5 . 9 24
4 . 3 25

28
29
30
31
32
.1 33
7 . 4 34
7.7 35

13 AUGUST 1970
GO VE RN ME NT S

GOVERNMENTS

6

SECTOR STATEMENTS OF SAVING AND INVESTMENT
(BILLIONS OF DOLLARS)

SEAS

ADJ

ANNUAL R A T E S

S E A S ADJ A N N U A L R A T E S
YEAR TOTALS
1966
1967
1968

1 965

I 196 8
|1 IV

1969

ST A T E A N D L O C A L G O V E R N M E N T S
I
2
3
4
5
6
7

T AX R E C E I P T S
SOC.INS.*- G R A N T S R E C D .
PURCH.CF GOODS + SERVICES
NET I N T E R E S T + T R A N S F E R S P A I D
N ET S U R P L U S , N I A B A S I S
L E S S - R E T I R E M E N T C R . T O HH.
EQUALS-GROSS SAVING

8 NET F I N A N C I A L I N V E S T M E N T
9
NET A C Q . O F F I N A N . A S S E T S
10
TCTAL DEPOSITS ♦ CURRENCY
11
CURR. AND DEMAND DEPOSIT
12
TIME DEPOSITS
13
C R E D I T MKT . I N S T R U M E N T S
14
U.S.GOVT.SECURITIES
15
DIRECT
16
U . S . G . A G E N C Y SEC.
17
S T A T E + L O C A L S EC.
18
OTHER CR.MKT. INSTRUMENTS
19
C O R P O R A T E BONDS
20
HOME M O R T G A G E S
21
TAX RE C E I V A B L E S
22
23
24
25
26
27
28

NET INCR.IN LIABIL I T I E S
C R E D I T MKT . B O R R O W I N G
STATE + LOCAL OBLIG.
SHORT-TERM
UTHER
U.S.GOVT. LOANS
TRADE DEBT

29 D I S C R E P A N C Y
EMPLOYEE RETIREMENT

F U N D S AR E

|
|

1969
I

- GENERAL

II

III

IV

|
|

1970
I

11

FUNDS

54.9
14.5
63.5
4. 3
1.7
2.8
-l.l

65.8
19.4
79.0
4.9
1.3
4.0
-2.7

72.0
21.5
89.4
5. 7
-1.6
4.6
-6.2

81.5
24.8
100.7
6.8
-l.l
4.3
-5.4

91.0
27.3
110.8
8.1
-.6
5.0
-5.6

84.4
25.6
104.7
7.1
-1.9
4.7
-6.6

87.3
26.1
10 7 . 5
7.6
-1.8
4.1
-5.9

89.7
26.6
110.0
7 .8
-1.5
5.3
-6.8

92.3
27.2
111.6
8.2
-.3
7.0
- 7 .*2

94.7
29.1
114.2
8.7
1.0
3. 5
-2.5

96.8
30.6
117.4
9.4
.5
4.2
-3.7

99.0
32.4
118. 7
10. 0
2 .7
4. 7
-2.0

I
2
3
4
5
6
7

-2.2
4.1
3.0
1.2
1.7
.9
-.1
-.2
.1
-. 1
l.l
l.l
*
.2

-2.1
4. 8
1.2
-.1
1.3
3.4
2.4
2 .2
.1
♦
l.l
1. 1
*
.2

-5.2
3.2
2.0
-.4
2.4
1.2
-.3
-. 9
.6
♦
1 .6
1.5
*
*

-5 .6
5.1
4.3
l.l
3.2
.7
.1
-.8
.8
♦
.6
.4
.2
.1

-7.5
1.9
-5.3
2.2
-7.5
7.2
4.2
2.0
2. 2
.1
3.0
2.8
.2
-

-4.0
10 .8
9 .8
4. 1
5.7
.9
-.3
- .4
.1
.1
l.l
.9
.2
.1

-8.3
3.0
-3.5
1 .9
-5.4
6 .5
2.5
.5
2.0
*
4.0
3. 8
.2

-12.4
-1.8
-5.8
-1.8
-4.0
4.1
.2
-.7
.9
.1
3.8
3.6
.2
♦

-8.3
-.8
-5.8
4.6
- 10.4
4.9
5.9
2.6
3.4
.1
- 1.0
-1.2
.2
.1

-l.C
7.2
-6.1
3.9
-10. 0
13.4
8.2
5.6
2.6
♦
5.1
5.0
.2
-.1

-5. 0
4.3
l.l
-.7
1.8
3.2
-1.4
-1.5
.1
.1
4. 5
4.4
.2
*

-1.8
10. 0
9. 1
-.9
10.1
.9
-1.5
-1.4
- .2
*
2 .4
2.2
.2
*

8
9
10
11
12
13
14
15
16
17
18
19
20
21

6.2
6 .0
5. 7
.6
5.2
.3
.3

6.9
6-4
5. 7
.7
5.1
.6
.5

8 .4
7 .9
7.7
1.7
6. 1
.2
.5

10.7
10 .2
9 .9
1.6
8.3
.3
.5

9.4
8 .9
8.5
4.1
4.4
.4
.5

14 . 8
14.3
13.8
3 .9
9 ;9
.5
.5

1 1.3
10. 8
10.2
4.3
6. 0
.5
.5

10 .6
10.1
9.8
4.4
5. 4
.3
.5

7. 5
7.0
6.7
2.9
3. 9
.3
.5

9.3
8. 8
9. 2
3.4
5. 8
-. 4
.5

11.8
11.3
11. 0
3. 3
7.8
.3
.5

22
23
24
25
26
27
28

1.1

-. 7

-1.0

.1

1.9

-2 .6

2.4

5.6

l.l

- 1.6

1.3

IN I N S U R A N C E

8.2
7.7
7. 1
4. 7
2.4 .
.5
.5

-.2 29

SECTOR.
L. S. G O V E R N M E N T

TOT A L RECEIPTS, NIA BASIS
PERSONAL TAXES
CO R P . P R O F I T S T A X A C C R U A L S
INDIRECT TAXES
INSURANCE REC E I P T S

115.0
48.6
26.4
16.1
23.8

142.5
61. 7
32. 1
15. 7
33.0

151 .2
67.5
30.7
16.3
36. 7

175.4
79.3
37.5
18 .0
40.7

2 00.6
95.9
39. 2
19 .1
46 .5

186 . 2
87.2
38.5
18.4
42. 0

197.2
93.7
39.9
18. 5
45. 1

202. 5
97.3
40.2
19.0
46.0

200. 8
95.6
38.6
19.5
47.0

2 02.0
96. 9
38.1
19.3
47.7

195.9
93. 4
34.8
19.3
48.4

196 . 8
93.3
35.1
19.4
49.0

I
2
3
4
5

6
7
8
9
10
11
12
13

TOTAL EXPENDITURES, NIA BASIS
G O O D S AND S E R V I C E S
G R A N T S ANC D O N A T I O N S
NET I N T E R E S T
INSURANCE B E N E F I T S
NE T S U R P L U S , N I A B A S I S
L E S S - I N S U R A N C E C R E D I T S TO HH
ECUALS-GROSS SAVING

1 18.1
65. 2
22.8
8. 3
21.8
-3.0
1.4
-4.4

142. 8
77. 8
29. 0
9.5
2 6.4
-.2
1.4
-1.6

163.6
90.7
30.7
10. 2
32.0
-12.4
1.4
-13 .8

18 1.6
99 .5
33.4
11.8
36.9
-6.2
1.3
-7.5

191. 3
101. 3
36.8
13. 1
40.0
9.3
1.7
7.6

187.2
101.9
34.3
12. 5
38.5
-1.1
1.0
-2.1

187.7
100 . 9
3 4.9
12.6
39.3
9.4
1.8
7. 7

189.1
99.8
36.7
12. 9
39.7
1 3.4
1.3
12.0

192.5
102.5
36.5
13 . 2
40.3
8.3
2. 4
5.9

195.9
102. 1
39. 0
13. 9
40.9
6.1
1.2
4. 9

19 7 . 7
102.3
3 8. 7
14.3
42 . 4
-1.7
l.l
-2.9

210.5
99.6
45.7
14.3
50. 9
-13.7
3 .6
-17.3

6
7
8
9
10
11
12
13

14
15
16
17
18
19
20

-2.8
4. 5
.6
2. 8
♦
-.1
2.9

-.1
5. 4
-.1
4. 9
1.3
.8
2.8

-12.3
3.0
1.0
4.6
-. 1
.9
3. 8

-7.2
8.4
-1.7
5. 2
.1
1.1
3.9

7.6
6.0
l.l
2. 6
-1.3
.7
3.2

-3.6
-5.8
-10.4
2. 9
-1.0
.7
3.1

8. 5
4.2
-3.1
2.3
-1.1
.4
2.9

13 . 8
2.9
1.6
1.6
-2.2
.8
3.0

2.9
8. 4
2 .2
3.7
-.8
.8
3.8

5. 1
8.6
3. 7
2.8
-1.0
.8
3.0

-4. 8
.5
-.4
2. 6
.1
.1
2 .4

-18.9
I. 5
1.0
3.4
-.1
.7
2.8

14
15
16
17
18
19
20

21
22

NET F I N A N . I N V E S T M E N T
NET A C Q U I S . O F F I N A N . A S S E T
DEMANC CEPOSITS ♦ CURRENC
CREDIT MARKET INSTRUMENTS
AGENCY SECURITIES
MORTGAGES
OTHER LOANS
E X C E S S O F TA X A C C R U A L S
OVER RECEIPTS
OTHER FINANCIAL ASSETS

1.1
.1

-. 7
1.3

-4.4
1.8

2.4
2 .5

*
2.3

.8
1.0

4.2
.9

-4.5
4. 1

.3
2.2

.2
1. 9

1.8
-3.5

-.2 21
-2.7 22

23
24
25
26
27
28
29

NET I N C R E A S E IN L I A B I L I T I E S
U . S . GOV T . S E C U R I T I E S
SAVINGS BONDS
D I R E C T EXC. S V G S . B D S .
B U D G E T A G E N C Y SEC.
LIFE+RETIREMENT RESERVES
OTHER LIABILITIES

7. 3
6.4
.9
4. 5
1.0
1.4
-.5

5. 5
3.5
.6
1.8
1.2
1.4
.6

15.3
1 3.0
.9
8 .0
4. 1
1.4
.9

15 .6
13.4
.5
9. 8
3 .0
1.3
.9

-1.6
-3.6
-.4
-.9
-2.4
1.7
.4

-2.2
-5.4
.7
-8.1
2.0
1.0
2.2

-4.3
-5.3
-.5
-5.2
.4
1.8
- .8

-11.0
-13.3
- .4
-12.1
-.7
1.3
.9

5.4
3. 7
-. 7
10. 1
-5.7
2.4
-.6

3.5
.4
.1
3. 8
-3. 5
1.2
1. 9

5.3
3.5
-.9
6.7
-2.3
1.1
.7

20. 4
16.6
-.3
16.5
.3
3.6
.2

-1.6
25. 3

-1.5
32. 8

- 1 .4
35. 1

-.3
35 .0

.1
39.2

1.5
37.7

-.8
35.7

-1.8
44.7

3.0
38 .4

-. 2
37.9

1.9
33. 0

1.6 30
35.3 31

I
2
3
4
5

30
31

DISCREPANCY
MEMO- CORP.

(13-14)
TAX R E C E I P T S , N E T

FE D E RALLY SPCNSORED CREDIT
1 CURRENT

SURPLUS

2 NET I N C R E A S E IN A S S E T S
3
CREDIT M K T . INTRUMENTS
4
U . S . G O V T . SEC.
5
RESIDENTIAL MORTGAGES
6
FARM M O R T GAGES
7
OTHER LOANS
8
T O C O O P S (BC)
9
TO F A R M E R S ( F I C B )
TO S + L ' S ( F H L B )
10
11 N E T I N C R E A S E IN L I A B I L I T I E S
C R E D I T MKT. I N S T R .
12
13
AGENCY SECURITIES
14
U.S.GOVT. L OANS
15
MISCELLANEOUS LIABILITIES
16 D I S C R E P A N C Y

A G E N C IES

.1

.1

.1

.1

.1

.1

.7
.7
-.4
-.1
.4
.8
.1
.1
.5

5.3
5.1
1.0
1. 9
.7
1.6
.2
.4
.9

-. 1
-.1
*
l.l
.7
-1.8
.2
.5
-2.5

3.2
3.2
-. 1
1.6
.5
1.2
.1
.2
.9

9 .2
8.9
-.4
3. 9
.6
4.8
.2
.6
4.0

1.6
1 .7
-. 5
1.1
.4
.6
.1
.3
.2

.7
.4
.3
.1
.3
*

5.2
4. 8
5.1
-.2
.4
.1

-.2
-.6
-. 6
-.1
.5
*

3.2
3.5
3.2
.2
-. 3
.1

9.1
8.8
9.1
-. 3
.4
.1

1.3
2. 5
2.1
.4
-1.3
-.3

T H I S GRO U P C O N S I S T S O F F E D E R A L H O M E L O A N BA N K S , F E D E R A L NAT I O N A L M O R T G A G E
A S S O C I A T I O N , F E D E R A L I N T E R M E D I A T E C R E D I T B A NKS, B A N K S FO R C O O P E R A T I V E S ,
AN O F E D E R A L L A N D B A N K S .
T H E S E A G E N C I E S ARE P R I V A T E L Y O W N E D A N D ARE
E X C L U D E D F R O M U . S . G O V E R N M E N T B U D G E T A C C O U N T S AS OF 196 9 AN D F R O M
U . S . G O V E R N M E N T F I G U R E S IN T H E S E A C C O U N T S F O R A LL Y E A R S .


11/70 OATA ARE BASED


ON P R EL IM IN AR Y INFORMATION SUBJECT TO REVISION.

23
24
25
26
27
28
29

.1

-2.1
1.7
3!7

4.4
4.1
-l.l
.2

.1

.1

.1

.1

7. 4
7.1
-.1
2.5
.8
4.0
.2
.7
3.1

11.7
10 . 7
-. 3
4.7
.6
5.7
-.1
.4
5. 3

12.6
13 . 1
.3
6.6
.3
5.9
.3
.8
4.8

16.1
15.6
3.9
5.8
.3
5.6
.3
1.0
4.4

6.6
2
6.0
3
-1.4 4
5 .2
5
.5 6
1.7
7
.1
8
.7 9
.8 10

6.9
7.5
7.5

12.0
10.9
10.9

13.2
12.6
12.6

-.6
-.4

1.1
.4

.6
.7

16.1
14.7
14. 7
_
1. 4
.1

5 .9 11
5. 6 12
5. 6 13
14
.4 15
- . 6 16

-

-

-

.1

1

13 AU'GUST 19 70
BANKING SYSTEM

BANKING SYSTEM

7

TOR STATEMENTS OF SAVING AND INVESTMENT
(BILLIONS OF DOLLARS)

SEAS

AD.J A N N U A L

SEAS A DJ ANNUAL RATES

RATES
1966

1965

YEAR TOTALS
1967
1968

1969

I 1968
| IV

1969

t
I

II

I

III

IV

I
1

1970
I

II

MONETARY AUTHORITIES
1

CURRENT

2
3
4
5
6
7
8

SURPLUS

-.5

NET ACC . OF F I N A N . A S S E T S
GCLO AND FORE I G N EXCHANGE
T R E A S U R Y C U R R . ♦ SDR C T F S .
F.R. FLOAT
F.R. L O A N S TO D O M E S T I C B A N K
C R E O I T MKT. I N S T R U M E N T S
U . S . GO V T . S E C U R I T I E S

9
10
LI

NET

I N C R E A S E IN L I A B I L I T I E S
M E M B E R BANK R E S E R V E S
V A U L T C ASH O F C O M L . B A N K S
DEMAND DEPOSITS AND CURRENCY
DUE T O U . S . G O V E R N M E N T
CUE TO R E S T O F THE W O R L D
CURRENCY OUTSIDE BANKS
CTHER

12
13
14
15

♦

*

♦

♦

*

♦

*

*

*

.1

I

4.1
-. 1
*
♦
*
4.2
4.2

7.6
3.1
.3
6.9
.1
-2.9
-2.8

.3
*
.1
-3.8
.9
3.1
3 .2

4.0
-.9
-.4
- .3
.5
5 .0
5. 0

5.1
2.0
.2
3.2
.2
- .4
-.4

7. 0
- 1.5
.3
.6
-I. 6
9.2
9.1

6. 0
.8
1.9
2.4
- .3
1.3
1.2

.6
-2.0
.4
-3.5
- .2
5.8
5.7

2
3
4
5
6
7
8

*

3.4
*
-.2
*
.1
3. 4
3.5

4.2
-.3
.7
.3
.1
3. 5
3. 5

4.8
- .5
.5
*
*
4.8
4.8

3.8
-1.2
.2
1.0
*
3.7
3.8

3.8
i.O
-.4

4.2
1.3
.6

4.7
1.2
.5

3.8
.9
1.3

4.1
.2
.2

7.6
2.9
2.9

.3
.1
-. 3

4.0
2.3
.9

5. I
-1.1
.3

6.9
-.4
-.3

6.0
4.3
-.1

.6 9
- 1 .8 10
. 1 It

.2
.1
2.4
.6

.2
.2
2.0
-.1

.9
*
2.1
.1

-l.l
.1
2.4
.2

.6
-. 1
2.8
.4

*
.1
1. 9
-.2

-.1
- .2
1 .4
-.7

-.1
*
3.2
-2.3

.1
-. 1
2.3
3.5

2.4
-.1
4.3
l.l

-1.4
.3
2.4
.4

- 3 .2 12
- . 2 13
5 .4 14
.3 15

C O M M E R C I A L BANKS
I. C O M M E R C I A L
I
2
3

CURRENT SURPLUS
PLANT + EQUIPMENT
NET ACQ. OF F I N A N .

ASSETS

BANKS EXCLUDING AFFILIATES

NOT C O N S O L I D A T E D IN C A L L R E P O R T S

1.9
.4
23.6

2.5
.5
2 0.1

2.3
.4
39.9

2. 9
.6
43.2

3.1
.6
11.8

2.8
.4
55.2

3.1
.6
29.4

3.2
.6
.7

3.1
*6
9.0

3.2
.6
9.6

3.1
.6
25.4

1
2
3

8.7
14.6
-15.2
-12.5
-1.6
-1.1

22.2
20.0
-10.7
-11.3
-.6
1.2

*
2,5
•10.3
-6.1
-.4
-3.7

9. 2
7.8
-8.1
-7.1
2.1
-3.0

2.4
3.2
2.8
1. 9
2.9
-2.0

23.5
28.4
7.3
5.5
1.7
.1

4
5
6
7
8
9

4
5
6
7
8
9

T O T A L BANK C R E D I T
CREDIT MARKET INSTRUMENTS
U .S . GO V T S E C U R I T I E S
DIRECT
AGENCY ISSUES
L O A N P ART I C . C T F S .

22.4
21.9
.4
-.2
*
.6

16. 8
16.2
-3.6
-3.4
*
-.2

37.0
35.5
9.4
6.3
.3
2.9

39.2
38.0
2 .8
1.7
l.l
♦

9.9
11.1
-11.2
-9.4
-.2
-1.7

47.0
51.2
-3.1
-4.9
2.2
-.4

10
11
12
13
14

OTHER S E C U R I T I E S + MTG.
S TA T E A N D L O C A L O B L I G
CORPORATE BONDS
HOME M O R T GAGES
OTHER M O R T GAGES

8.2
3.6
.1
2.3
2.2

6.6
1.9
.1
2.4
2.3

14.3
9.0
.8
2.4
2.2

15.7
8.7
.3
3.5
3.2

6.0
1.4
-.4
2.6
2.3

22.7
14.7
.4
3. 9
3.6

10. 2
2.6
4.3
3.4

9 .2
4.9
-1.6
3.3
2.6

4.4
1.0
1.7
1.8

.1
- 2. 7
1.2
1.6

8.9
6.1

15
16
17
18
19
20
21

O T H E R CR . E X C . S E C U R I T Y
CONSUMER CREDIT
BANK L O A N S N . E . C .
OPEN-MARKET PAPER
SECURITY CREDIT
V A U L T C A S H + MEM. EK . R E S .
M ISC. ASSETS

13. 4
3.8
8.8
.7
.5
.6
.6

13.3
2.6
9. 1
1. 6
.5
1.9
1 .4

11.7
1.8
7.5
2.4
1.5
1.7
1.2

19.5
4.9
15.7
-1.1
1.3
2.1
1.9

1 6.4
3.3
12.5
.5
-1.2
.4
1.6

31.6
5. 9
24.9
.8
-4.2
5.8
2.4

19.6
3,7
15.9
-. 1
-5.9
-.2
*

21.5
3 .7
17.3
.5
2,2
3. 2
4.0

8.4
2.5
6.0
*
-2,6
-.8
1.5

15.8
3.1
ll.l
1.6
1.4
-.7
.5

-8.4
1.0
-9.0
-.5
-.9
4.2
3.0

7.8
1. 8
1.6
4.4
-4.9
-I. 7
3.7

15
16
17
18
19
20
21

22. 0
4. 8
*
4.9

18.9
.3
-.5
.8

38.2
11.3
.2
11.1

41.4
9.3
-.2
9.5

9.8
3.3
-.1
3.4

52.7
5.3
-9.6
14.9

6.8
-11.3
-6.2
-5.1

26.4
4.2
2. 3
2.0

-.7
.8
1.4
-.6

6. a
17» 6
1.9
15.7

7.5
-3.5
2.0
- 5 .6

23.4
-1.8
5. 8
-7.6

22
23
24
25

14.5
2.7
11.8

13. 3
-.8
14. 0

23.8
4.7
19.1

20.6
2.5
18.1

-11.0
-12.0
1.0

27.5
2. 2
25.3

-6.8
-16.7
9.9

-7.9
-15.4
7.5

-21.5
12.3
-9.2

-7.8
-3.5
-4. 3

12.8
3. 6
9.2

2 6 . 6 26
9.5 27
17.1 28

*
.1
.6
.2
I. 7
.1
1.6

.3
.1
.1
*
5. 0
2.7
2.3

♦
*
.2
*
2 .9
.2
2.7

1.0
*
.2
-.2
10.5
1.8
8. 7

*
*
.6
.1
.2
16.6
7.0
9. 6

6.9
.1
-.1
-.8
13.7
-4.3
18. 0

-3. 8
.9
1.0
.1
*
26.6
14.3
12 . 3

-.3
.5
.7
.3
.6
28.2
14. 5
13.7

3.2
.2
.4
♦
.3
16.0
4.4
11 . 5

.6
-1.6
.3
-. 1
-. 1
-2.2
-S. 3
3.0

2.4
-.3
.5
.9
-5.5
-2.7
-2.8

*

.8

.2

.5

.4

- .1

.7

-.5

1.2

.3

.4

22
23
24
25

NET I N C R E A S E IN L I A B I L I T I E S
DEMAND DEPOSITS, NET
U.S. G OVERNMENT
OTHER

26
27
28

TIME DEPOSITS
L A R G E NEG. C D ' S
OTHER

29
30
31
32
33
34
35
36

F.R. F L O A T
B O R R O W I N G AT F. R . B A N K S
LOANS FROM A F F I L I A T E S
BANK S E C U R I T Y I S S U E S
PROFIT TAX L I A B I L I T I E S
MISCELLANEOUS LIABILITIES
LIAB. T O FGN. B R ANCHES
OTHER

37

DISCREPANCY

.

3. 0
.6
8.5

t.9
.9

m2

13.3 10
11.2 11
12
1.3 13
. 8 14

- 3.5
-.2
- .1
“
-.1
2 .5
1.4
1.2

29
30
31
32
33
34
35
36

.5 37

S T A T E M E N T F O R B A N K S , H O L D I N G C O M P A N I ES, A N D O T H E R A F F I L I A T E S
( W H E R E D I F F E R E N T F R O M P A R T I A B O V E y 1/

II. C O M B I N E D
3
4
5

NET ACQ. O F F I N A N . A S S E T S
T O T A L BANK C R E D I T
CREDIT MARKET INSTRUMENTS

23.6
22.4
21.9

20.1
16. 8
16.2

39.9
37.0
35.5

43.2
39.2
38.0

16 . 9
13.7
14.9

55.2
47.0
5 1.2

10.9
10.1
16.0

37.0
29.2
27.0

7.3
6.2
8,7

12.8
9,9
8.4

18. 8
13.9
14.8

3 0. 9
29.0
33.9

3
4
5

15
17

C T H E R C R. E X C . S E C U R I T Y
BAN K L O A N S N . E . C .

13 . 4
8.8

13.3
9.1

11.7
7.5

19.5
15. 7

20.2
16.4

31 .6
24.9

21.0
17.3

28.5
24.3

14.6
12.2

16.5
11.7

3.1
2.6

13.4
7.1

15
17

_
.6

_
1. 4

_
1.2

1.9

.6
2. 3

2.4

1.0
*

.7
4.0

.4
1.5

.3
3.3

.5
•2

- .1
3.7

20A
21

22.0
1.7

18.9
5.0

38.2
2.9

41.4
10.5

14.9
4.2
17.5

52 . 7
13.7

9.2
.8
28.2

34.1
4.2
31.7

5,9
5.0
17.5

10.6
6. 9
-5.3

16.7
8.9
-5.2

20A
21

L O A N S TO A F F I L I A T E B A N K S
M ISC. A S S E T S

2;
NET I N C R E A S E IN L I A B I L I T I E S
32A
C O M M E R C I A L P A P E R ISS U E S
34+35
MISCELLANEOUS LIABILITIES

-

III. A M O U N T S I N C L U D E D I N P A R T II A B O V E F O R H O L D I N G C O M P A N I E S
1
2
3
4

N E T A C Q U I S . OF F I N A N . A S S E T S
BANK L O A N S N.E. C . - '
L O A N S TO A F F I L I A T E B A N K S
MISCELLANEOUS ASSETS

5
6
7

NET I N C R E A S E IN L I A B I L I T I E S
C O M M E R C I A L P A P E R ISSUES^'
M I S C E L L A N E O U S L IABIL I TIES

11/ 7 0 D A T A ARE

BASED ON P R E L I M I N A R Y

1/

_
-

_
-

-

-

-

-

AN D A F F I L I A T E S

~

5.1
3.8
.6
.7

“

2. 4
1.4
1.0

7.7
7.0
.7

6.6
6. 2
.4

3.8
.7
»3
2. 8

9.2
11 .5
.5
-2.8

5.4
5 .5
-.1

1
2
3
4

-

5.1
4. 2
.9

-

-

2. 4
.8
1.6

7. 7
4. 2
3.5

6,6
5.0
1. 5

3.8
6.9
- 3. C

9.2
8.9
.3

5.4
4. 1
1.3

5
6
7

-

I N F O R M A T I O N S U B J E C T TO R E V I S I O N .

Part II shows only those lines of Part I that are affected by combining affiliates into the bank statement.
except 20A and 32A, which are additional lines.
Part II is a combined, not consolidated, statement: loans from affiliates to banks are included.
2/ Fed'eral Reserve Bulletin, August 1970, page A32.
FRASER
3/ Ibid., page A37.

Digitized for


22
28. 8
4 . 1 32A
3 . 8 34+35

Line numbers correspond to those in

Part I ;

13 AUGUST 1970
NONBANK FINANCE SUMMARY

NONBANK FINANCE SUMMARY
8

SECTOR STATEMENTS OF SAVING AND INVESTMENT
( B I L L I O N S OF D O L L A R S )
S EA S

ACJ A N N U A L R A T E S

S E A S ADJ A N N U A L R A T E S
1965

YEAR TOTALS
1966
1967
1968
PRIVATE N O N BANK FINANCIAL

1
2

CURRENT SURPLUS
PHYSICAL INVESTMENT

3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33

NET A C C U I S . OF F I N A N . A S S E T S
DEM. D E P O S I T S + C U R R .
T I M E D E P O S I T S (MSB)
S V G S . + L O A N S H A R E S (CR U)
C R E D I T MKT. INSTR .
U. S . GOVT. S E C U R I T I E S
STATE + LOCAL OBLIG.
C O R P O R A T E + FGN . B O N D S
CORPORATE STOCKS
HOME M O R T GAGES
CTHER MORTGAGES
CONSUMER CREDIT
OTHER LOANS
SECURITY CREDIT
TRADE CREDIT
MISCELLANEOUS ASSETS
NET I N C R E A S E IN L I A B I L I T I E S
T I M E + SVG S . A C C O U N T S
INS U R A N C E AND P E N S I O N RES.
C R E D I T MKT. I N STR .
F I N A N C E CO. B O N C S
I N V E S T M E N T CO. S H A R E S
M TG . L O A N S IN P R O C E S S
BAN K L O A N S N . E . C .
OTHER LOANS
F I N A N C E CO. P A P E R
F HL B L O A N S
SECURITY CREDIT
TAXES PAYABLE
MISCELLANEOUS LIABILITIES
DISCREPANCY

1969

I 1968
| IV

I
I

1969
I

II

III

IV

I
I

1970
I

II

I N S T I T U T I O N S - TOTAL

1.2
.5

1.6
.5

1.3
.6

-.1
.8

-.3
.8

-.4
.8

-2.7
.8

.4
.8

*
.9

1.1
.9

-.3
.9

.6
.9

I
2

39.8
.4
.1
.1
37.9
2.2
*
6.2
3.9
13. 0
7.8
3.0
1.7

34. 9
-. 1
*
-.2
33.2
.4
.8
8.0
5.9
5. 1
6.8
2.9
3.3

44.4
1.0
♦
.3
37.1
-.9
1.2
11.0
9.0
8.0
6.8
1.4
.6

4 9 .0
1.0
.1
-.2
44.9
1.6
1. 0
9. 4
9.8
8.6
7.1
3 .8
3.7

48. 0
.3
-.1
*
49.3
-.5
1.0
7 .2
12.8
9.4
6.3
4.2
9.0

45.7
1.3
-1.0
39.1
-9.7
.6
8 .5
12. 6
12.0
8.7
4.4
2.0

37.9
-1.5
-.2
.3
44.1
-3. 1
.2
7. 9
10. 2
1 0.8
6.2
4.4
7.6

56.5
1.0
-.2
-.6
56.8
4.4
.4
8.2
12.7
1 1.2
6.5
5.3
8.2

49.6
.1
-. 1
53.2
- 3.3
2.1
10.8
13.0
7.4
6.8
3.6
12.8

48. 7
1.8
.3
43. 8
-. 1
1.0
1.8
15. 3
8.1
5 .9
4. 3
7. 4

30. 0
-.1
.9
32.7
-.3
1.3
1.9
14.9
1.5
7.2
2.3
4.0

43. 1
1.0
.4
43.3
4.3
-. 5
11. 7
8.9
5.5
7.3
2 .2
3.8

3
4
5
6
7
8
9
10
11
12
13
14
15

-.5
.2
1. 7

-.1
.2
2. C

2.8
.3
2.9

2.0
.3
.9

- 2.6
.3
.7

5.0
.3
1.0

-6.3
.3
1.1

- .6
.3
-.2

-5.2
.3
1.2

1. 8
.3
.7

-6.5
.3
2.6

-4 .9 16
.3 17
2 . 8 18

39. 1
15.9
13.9
6.2
2.1
1.9
-.3
.5
2.0
1.5
.5

34. 7
7.0
16.7
6.6
.8
3. 7
-.9
-1.3
4. 3
3.4
.9

44.7
17. 0
18.7
1.7
1.0
2.6
1. 0
-.2.1
-.7
1.8
-2.5

48.6
12.4
18.2
11. 4
.8
4.7
.2
2.3
3.3
2. 5
.9

49.4
8. 0
18.7
18.0
1.6
5. 6
*
2.1
8.6
4.6
4.0

46 .1
12.4
19.6
13.6
.9
4.9
.6
2.4
4.9
4.6
.2

43.3
13.4
16.7
15.9
1.4
7.6
.7
1.0
5.2
2.3
2.9

56.0
8.5
1 8.6
19.7
2. 2
4.7
.3
4.8
7.7
4.6
3.1

51.9
5 .8
22.2
22.0
1.4
6. 1
-.4
.7
14.2
8.9
5.3

46.4
4.2
17.3
1 4. 3
1. 3
4 .2
-.7
2. 1
7. 3
2.6
4.8

31. 5
5.1
1 8.8
4.2
1.3
2.3
-1.2
-4.6
6. 4
2.1
4.4

43. 9
15.5
1 9.5
7.9
1.9
2.8
*
2. 0
1.3
.4
.8

.1
*
3. 1

.6
*
3.8

2.1
-.1
5.2

2.0
♦
4.6

-2.2
.1
6 .9

-2.5
♦
3.1

-9.4
.1
6. 6

1.8
*
7 .5

-4. 5
.2
6.1

3.4
*
7.2

-2.2
.3
5.2

- 7 . 5 30
.3 31
8.2 32

.1

.8

.9

-1.3

.3

-.7

1.9

-.9

1.4

-2.0

.4

. 6 33

19
20
21
22
23
24
25
26
27
28
29

SAVINGS AND LOAN A S S O C IATIONS
I

CURRENT SURPLUS

.9

.9

.9

1.0

1.1

1.0

l.l

l.l

1.1

1.0

1.0

1.0

1

2
3
4
5
6
7
8
9

N E T ACQ. OF F I N A N . A S S E T S
DEMAND DEPOSITS ♦ CURRENC
C R E D I T MKT. I NS T R .
U . S . GOV T . S E C U R I T I E S
HOME M ORTGAGES
OTHER MORTGAGES
CONSUMER CRECIT
MISC. F I NANCIAL TRANS.

11.8
*
11.0
.6
8.1
2. 3
.1
.8

4.6
-.5
4. 2
.4
2.9
.9
*
.9

9.7
-.3
9.2
1.6
6.0
1.5
*
.8

9.3
-.4
1 0.0
.6
7.2
2.1
.1
-.3

9.4
-.2
10.0
.4
8.0
1.5
*
-.4

7.6
.1
7.5
-3.9
8. 9
2.4
.1
♦

12. 8
-.1
12.6
1.9
9.1
1.7
♦
.3

10.1
-.5
11.7
.4
9.5
1.7
.1
-1.2

8.2
♦
8.8
- .1
7.4
1.6
*
- .6

6.5
*
fc. 8
-.4
6.1
1.2
-.1
-.3

5.6
.2
3.1
-1.2
3.2
1.2
-.1
2.3

12.8
♦
10.8
3.6
5. 7
1.4
.1
2.0

2
3
4
5
6
7
8
9

10
11
12
13
14
15
16

NET I N C R E A S E IN L I A B I L I T I E S
SAVINGS SHARES
C R E D I T M K T . INST R .
MTG . L O A N S IN P R O C E S S
BO R R O W I N G FROM FHLB
BANK LOANS N.E.C.
MISCELLANEOUS LIABILITIES

11.1
10. 6
.3
-.3
.5
♦
.2

4.0
3.6
.1
-. 9
.9
.1
.3

9.3
10.7
-1.7
1 .0
-2 . 5
-.2
.3

8.5
7.3
1.1
.2
.9
.1
.1

8. 5
4 .0
4.1
*
4.0
.1
.3

6.3
6.8
1.3
.6
.2
.5
-1 .7

12 . 3
8.0
3 .2
.7
2.9
-.4
1.1

9. 1
4.6
3.6
.3
3.1
.2
.9

7. 5
3. 0
5.1
- .4
5.3
.2
-.6

5.0
.5
4.6
7
4. 8
.5
*

4.9
1.9
2. 5
- 1.2
4. 4
-.7
.5

11.9
9.8
.8
*
.8
*
1.2

10
11
12
13
14
15
16

.2
.5

.3
.9

.5
-2.9

.2
.9

.2
4.4

-.3
.2

.5
3.4

.1
3.8

.4
5 .6

-.4
4. 8

.4
4. 5

.3

.2

.3

.3

.3

.3

.3

1

2.6
-.1
3.1
-.6
♦
.9
.3
.3
1.1
.3
.7
-.4

5.1
.7
4.3
.8
*
1.2
.3
.9
.9
.2
*
.1

2
3
4
5
6
7
8
9
10
11
12
13
14

4 . 2 15
.6 16

17
18

DISCREPANCY
MEMOFHLB L O A N S L E S S DEP.

.1 17
.2 18

MUTUAL S A V I N G S BANKS

.1

CURRENT SURPLUS

.2

.2

.1

.2

.3

2
3
4
5
6
7
8
9
10
11
12
13
14

NET ACQ. OF F I N A N C I A L A S S E T
DEM . D E P O S I T S ♦ C U R R .
TIME DEPOSITS
C R E D I T MKT. INS T R .
U. S . G OVT. S E C U R I T I E S
S T A T E + L O C A L G O V T . SEC.
CORPORATE BONDS
CORPORATE STOCKS
HOME MO R T G A G E S
OTHER MORTGAGES
CONSUMER CREDIT
OTHER LOANS
MISCELLANEOUS ASSETS

4.5
*
.1
4.4
*
♦
-.2
.1
2. 7
I. 7
.1
.1
.1

2. 8
♦
*
2.7
-.5
-.1
.3
♦
1.6
L.l
.1
.1
.1

5.4
*
*
5.2
-.3
*
2. 1
.2
1.8
1. 4
*
.1
.1

4. 6
-.1
.1
4 .3
-.3
♦
1.4
.3
1. 4
1.4
.2
*
.2

3.1
*
-.1
3.0
-.5
*
.3
.3
1.4
1.2
.2
.3
.1

4.0
-. 5
4.3
-l.l
♦
1.6
.3
2.1
1.7
*
-.3
.1

4.8
-.1
-.2
4.9
.3
♦
.8
.3
1.6
1.3
.2
.5
.2

3.5
.2
-.2
3.5
-.5
♦
.8
.3
1.5
1.2
.2
.1
*

1. 8
*
1.4
-1.0
*
-.3
.3
l.l
1.0
.1
.3
.5

2.0
-. 1
2. 3
-.8
*
-.2
.3
1.3
1.2
.2
.2
-.2

15
16

S A V I N G S CEPO SITS
MISCELLANEOUS LIABILITIES

4.2
*

2.6
*

5.1
.1

4.1
.2

2. 6
.2

4.5
.2

3. 8
.1

2.7
.5

I. 5
- .1

2.4
.3

1.6
.2

17

DISCREPANCY

*

*

*

-.1

♦

.9

-.7

-.1

-.1

1. 0

-.6

*

17

CREDIT UNIONS
I
2
3
4
5
6

N E T A C Q U I S . OF F I N A N . A S S E T
DEM. D E P O S I T S + C U R R .
S V G S . «• L O A N S H A R E S
C R E D I T MK T . I N S T R .
CONSUMER CREOIT
HOME M ORTGAGES

l.l
.1
.1
.9
.8
♦

.8
*
-.2
1.0
.9
.1

1.2
.2
.3
.8
.7
♦

l.l
♦
-.2
1.2
1.2
*

1.4
-.1
*
1.5
1.4
*

1.2
.1
-1.0
2.1
2.0
*

1. 6
-.1
.3
1 .4
1.3
*

1.2
-.1
-.6
1.6
1.8
♦

1. 3
-.1
-.1
1. 5
1.4
*

1. 4
-.1
.3
l.l
l.l
*

1.6
-.1
.9
.8
.7
*

1.5
-.1
.4
l.l
L.l
*

I
2
3
4
5
6

7

CREDIT UNION SHARES

l.l

.8

1.2

l.l

1 .4

1.2

1.6

1.2

1.3

I. 4

1. 6

1.5

7

11/70 DATA ARE BASED ON PREL IM IN AR Y INFORMATION SUBJECT TO REVISION.




13 AUGUST 1970
IN SU RA NC E ♦ P E NS IO N FUNDS

INSURANCE ♦ PE NS IO N FUNDS
9

SECTOR STATEMENTS OF SAVI N G AND INVESTMENT
(BILLIONS OF DOLLARS)
SEAS

ADJ A N N U A L

SEAS A D J ANNUAL RATES

RATES
f 1968
\ IV

YEAR TOTALS
1966
1967
1968

1 970

1 9*9

t
I

II

I

III

II

LIFE INSURANCE COMPANIES
CURRENT SURPLUS
PHYSICAL INVESTMENT

1.1
.5

1.1
.5

*8
.6

.6
.8

.6
.8

.7
.8

.6
.8

.6
.8

.6
.9

.6
.9

.6
.9

3
4
5
6
7
8
9
10
11
12
13

NET A C C U I S . OF F I N A N . A S S E T S
D EM . D E P O S I T S ♦ C U R R .
C R E D I T MK T . I N S T R U M E N T S
U.S. GOVT. SEC U R I T I E S
STATE AND LOCAL OBLIG.
CORPORATE BONCS
C ORP O R A T E STOCK
HOME M O R T G A G E S
OTHER MORTGAGES
OTHER LOANS
MISCELLANEOUS ASSETS

7.8
*
7.4
-.3
-.1
2.3
.5
1.2
3.4
.4
.3

8.3
*
8.1
-.3
-.4
2.4
.3
.6
4.0
1.5
.2

9.4
♦
8.4
-.3
-.1
3.8
l.l
-.5
3.4
1. 0
.9

9.3
.1
8.6
-.2
♦
3.8
1.4
-.7
3.2
1.1
.6

8.9
-.1
8.5
-.5
.2
1.9
1.6
-1.0
3. 1
3.2
.5

9.1
*
8.5
-.5
.2
3.8
1.7
-1.0
4.0
.2
.6

9 .1
*
8.6
-.9
.2
2.9
1.9
-.7
2 .7
2.5
.5

8.8
-.4
8. 6
-.3
.1
2.7
1.8
-.6
2.9
2.0
.5

9.6
-.4
9.6
-.7
.5
2.1
l.l
-.8
3. 2
4. 2
.4

8.2
.6
7.1
,
-. 3
.2
-.3
1.7
-1.9
3.4
4.2
.5

8.2
— .7
8.4
*
-.1
-.4
2. 2
-1.7
4.4
3.9
.5

14
15
16
17

NET

7.1
4.2
2.0
.8

7.9
4.5
2.1
1.2

9. 0
4.7
2.6
1.8

9.1
4.6
2.9
1.5

9 .4
4 .5
3.0
1.8

9.2
4.5
3 .0
1.7

10.5
5.3
3.4
1.8

8.1
3.7
2. 6
1. 9

9.4
4.5
3 .0
1.8

9.5
4.4
3. 1
1. 9

9.6
4.4
3.1
2.0

18

DISCREPANCY

-.1

.1

-.1

-.4

.2

1.1

-.9

-.4

1.0

1.1

3. 9
-1.6
5.7
.5
-.8
5-8
.1
-.2

7.0
1.6
5.5
.1
.7
4.8
-.1
-.1

7.7
-.6
8.0
1.9
1. 3
4.5
.2
.4

6.3
.4
5.6
-1.5
.6
6.4
.1
.3

7.1
.6
6.5
-.7
1.8
5.2
.2
*

7.2
.1
7.1
♦
2.3
4.5
.3
*

4 .1
-.2
4.2
-1.0
-1.3
.3
-.1
5.2
3.6
1.2
.4
.1

5. 3
-.6
5.8
-.4
-.4
.1
-.2
6.3
3.9
2.0
.4
.1

7.C
.5
6.4
.4
*
.4
-.1
6.1
3.4
1.9
.8
.1

3.5
-.1
3.5
.5
.5
.1
-.1
3.1
l.l
2-1
-.1
.1

4.2
-.3
4.4
-.3
-.4
.1
-.2
4*9
2.4
2.1
.4
.1

4.7
1
*
2
4.6
3
.3 4
.2
5
.2 6
-.1
7
4-3
8
2.9
9
1 . 0 10
.5 li
.1 12

*

1
2

I N C R E A S E IN L I A B I L I T I E S
LIFE INSURANCE RESERVES
PENSION FUND R ESERVES
OTHER LIABILITIES

*

.6
.9

1
2

9.3
3
*
4
8.7
5
-.3
6
7
-.4
3.9
8
9
1.2
- 2 . 0 10
4.4 M
1.8 12
.5 13
9. 7
4.5
3.1
1.8

14
15
16
17

.1 18

PRIVATE PENSION FUNDS
1
2
3
4
5
6
7
8

NET AC C . OF F I N A N . A S S E T S
DEM. D E P O S I T S + C U R R .
C R E D I T MK T . I N S T R U M E N T S
U . S . GO V T . S E C U R I T I E S
CORPORATE BONDS
C O R P O R A T E S T OC K
MORTGAGES
MISCELLANEOUS

4.9
.1
4.5
.1
1.6
2.2
.5
.3

6.1
>0
5.5
-.5
1. 9
3.7
.5
.6

6.7
.4
5.4
-.6
.9
5.0
.1
.8

STATE + LOC A L GOVT.
1
2
3
4
5
6
7
8
9
10
11
12

N ET ACQ .CF F I N A N . A S S E T S
D E M A N D CEP . A N D C U R R E N C Y
C R E D I T MK T . I N S T R U M E N T S
U.S.GOVT.SECURITIES
DIRECT
U.S. G . A G E N C Y SEC.
STATE + LOCAL OBLIGATION
OTHER CR.MKT. INSTRUMENTS
CORPORATE BONDS
C C R P O R A T E STOCK
MORTGAGES
OTHER

2.8
*
2.8
.6
.5
*
-.4
2.6
1.9
.3
.5
.1

4.0
.1
3.8
.2
.1
.1
-.1
3. 8
2.5
.5
.8
.1

4.6
.1
4.5
*
-.2
.2
-.1
4 .6
3.%
.7
.5
.1

6.4
.3
5 .8
.5
.7
4.7
★
.2

6.2
-.1
6.2
.3
.5
5.4
.1
.1

7.3
.6
6.7
.7
.3
5.7
*
.1

1
2
3
4
5
6
7
8

EMPLOYEE RETIREMENT FUNDS
4. 3
.1
4.1
*
-.4
.4
-. 1
4.1
2.4
1.3
.4
.1

5.0
-.1
5*0
-.1
-.3
.2
-.1
5.2
3.0
1.8
.4
.1

4 .7
.1
4.6
.3
-.3
.5
-.2
4.5
2.3
1.7
.5
.1

OTHER INSURANCE COMPANIES
CURRENT SURPLUS

-.3

.5

.4

.1

-.1

*

- .1

-.1

1

-.1

-.1

I

2
3
4
5
6
7
8
9
10

N E T ACQ. O F F I N A N . A S S E T S
DEMAND DEPOSITS + CURRENC
C R E D I T MKT . I N S T R U M E N T S
U.S. GOVT. S ECURITIES
S T A T E A ND L O C A L O B L I G .
CORPORATE BONCS
C O R P ORATE STOCK
COMMERCIAL MORTGAGES
TRACE CREDIT

1.0
*
.9
.1
.4
.3
.1
*
.2

2. 1
*
1.9
-.4
1.3
.6
.4
*
.2

2 .3
♦
2.1
-.7
1.4
.7
.6
*
.3

3. 4
.1
3.0
-.3
1.0
1.2
1.1
*
.3

3.0
*
2.6
-.5
1.0
l.l
1.0
*
.3

3.5
.1
3. 1
-.6
1 .0
1.2
1.5
♦
.3

2.2
+
1.9
-.4
.9
.2
l.l
*
.3

3.0
*
2.7
1.0
.5
*
1.2
*
.3

3.3
- .1
3.0
-2.1
1.7
3.1
.3
*
.3

3. 3
♦
2.9
-.3
.8
1.0
1.3
*
.3

3.0
♦
2.7
*
.7
.6
1.4
.1
-3

2.8

2

11
12

NET I N C R E A S E
DISCREPANCY

1.2
-.1

1. 8
.1

2. 1
.2

2. 3
-1.0

2.7
-.3

2.5
-1.0

2.7
.4

2.7
-.4

2.8
- .6

2. 8
-.5

3.2
.1

2 . 9 11
*
12

1

IN L I A B I L I T I E S

11/70 DATA ARE BASED ON PR EL IM IN AR Y




INFORMATION SUBJECT TO REVISION.

3
2 .5
4
5
.1
.6 6
.8
7
8
.9
9
.1
.3 10

13 AUGUST 197C
FINANCE N.E.C.* FOREIGN

FINANCE

10
SEAS

ADJ

ANNUAL R A T E S

CURRENT

10

S E A S ADJ A N N U A L R A T E S
1965

1

N.E.C.♦ FOREIGN

S E C T O R S T A T E M E N T S OF S A V I N G A N D I N V E S T M E N T
(B I L L I O N S OF D O L L A R S )

S U R P L U S OF G R O U P

-.7

YEAR TOTALS
1966
1967
1968

1969

I 1968
| IV

-l.l

-2.1

-2.3

-4.5

-1.0

-2.0

|
I

1969
I

II

I
I

1970

III

IV

I

II

- 1.5

-I. 8

-. 7

-2.0

-I. 1

I

FINANCE COMPANIES
I
2
3
4
5

NET ACQ. OF F I N A N . A S S E T S
C E M A N D DEP .♦ C U R R E N C Y
HOME MORTGAGES
CONSUMER CREDIT
O T H E R L O A N S (TO B U S . )

3.9
.4
2.1
1. 4

2.6
.2
-.6
1.8
1.2

.9
.2
.4
.6
-.4

5.5
.2
.6
2.4
2.2

8.1
.3
.8
2.6
4.3

7.6
.3
1. 9
2.3
3.2

4.9
.3
.7
2.9
1.0

11.1
.3
.8
3.2
6.8

8.5
.3
-.5
2. 1
6.7

8.5
.3
2.3
3. 1
2.7

.2
.3
-.7
1,4

3.8
.5
.8
2.5

I
2
3
4
5

6
7
8
9

N E T I N C R E A S E IN L I A B I L I T I E S
CORP O R A T E BONDS
BANK L O A N S N. E.C.
CPE N M A R K E T P A P E R

4.1
2.1
.5
1. 5

2.8
.8
-1.4
3. 4

.9
1.0
-2.0
1.8

5. 5
.8
2.3
2.5

8.2
1.6
2.0
4 .6

7.4
.9
1.9
4.6

5.1
1.4
1.4
2.3

11.4
2 ,2
4.6
4.6

10. 8
1. 4
.5
8.9

5.5
1.3
1. 6
2.6

-. 6
1.3
-3.9
2.1

4. 3
I .9
2.0
.4

6
7
8
9

SECURITY BROKERS
1
2
3
4
5

NET ACC. OF F I N A N . A S S E T S
D E M A N D DEP. ♦ C U R R E N C Y
U . S . G O VT. S E C U R I T I E S
OTHER SECURITIES
SECURITY CREDIT

6
7
8
9

NET INCR. IN L I A B . - SEC. CR
F R O M BANKS
FROM AG. O F F G N . B A N K S
CUSTOMER CREDIT BALANCES

AND D E A L E R S

.2
*
.7
*
-. 5

.7
.1
.7
.1
-.2

2.4
.2
-.8
.1
2.8

2 .4
.4
.8
-.9
2.0

-2 . 0
.3
*
.4
-2.6

-2.2
.3
-3.6
-3.6
4.7

-9.2
.3
-3.3
.3
-6.5

2 .0
.3
3.0
-.9
-.5

-4.3
.3
-2.7
3.4
-5.2

3.6
.2
2.9
-1.4
1. 8

- 2.3
.2
2.5
-. 2
-4. 8

-7.4
*
-4.7
2.0
-4 , 7

I
2
3
4
5

.1
.2
*

.6
.6
.1
*

2.1
.9
1.2

2.0
1.0
1.0

-2.2
-1 . 2
-1.0

-2.5
-5 .4
.3
2.6

-9.4
-7.7
.2
-1.9

1. 8
2.8
- .2
-.9

-4.5
-2. 3
*
-2.2

3. 4
2.4
1.0

-2.2
l.l
-1.7
-1.6

-7.5
-5.4

6
7
8
9

*

- .2

-1.9

OPEN-ENO INVESTMENT COMPANIES
1

CURRENT SURPLUS

-.8

-1.2

-1.5

-2.2

-2.3

-2.4

-4.8

-1.7

-2.0

-. 8

-2.1

-l.l

I

2
3
4
5
6
7
8

NET ACQ. O F F I N A N . A S S E T S
DEM. D E P O S I T S + C U R R .
C R E C I T MK T . INST R .
U . S . G OVT. S E C U R I T I E S
CORP O R A T E BONDS
CORPORATE STOCKS
COMMERCIAL PAPER

1.1
.1
1.0
*
.4
.7
-.1

2.5
*
2.5
.6
.4
1. 0
.5

1.1
.2
.9
-.5
*
1.5
*

2 .5
.1
2.4
.2
.4
1.5
.3

3.3
-. 1
3.4
-.5
.2
2.5
1.2

2. 5
.3
2.2
-1,0
.9
3. 4
-1.0

2. 8
-.1
2.9
-.7
.5
-.7
3.8

3.0
-.1
3.1
*
.5
3.1
-.4

4. 1
-.1
4. 1
.2
-.6
3.3
1.3

3. 4
*
3. 4
-1.3
.3
4. 3
.2

.2
*
.3
-.9
-2.9
4.2
-. 1

1.7
♦
1.7
3. 0
-.7
-.4
-.2

2
3
4
5
6
7
8

9

N E T ST O C K

1.9

3.7

2. 6

4.7

5.6

4.9

7.6

4.7

6. 1

4. 2

2.3

2.8

9

1.1
.2
.8
-

.2
*
*
.3

.4
♦
.3
.2

.8
.2
1.1
-.2

1. 5
.3
.8
*

1.6
,4
1.2
-

-.7
-.2
.9
-1.7

1.3
.2
I .5
-.2

1
2
3
4

1.1

.2

.4

.8

1 .5

1.6

-.7

1.3

5

3.8
62.5
58.7
3.1
-.7

I
2
3
4
5

ISSUES

AGENCIES OF FOREIGN BANKS
1
2
3
4-

NET A C Q U I S . OF F I N A N . A S S E T S
• DEM. D E P O S I T S * C U R R .
U.S. GOVT. S E C U R I T I E S
S ECURITY CRECIT

.5
.1
.5
*

.2
•*
.1
.1

.5
.1
.6
-

5

DEPOSIT

.5

.2

.5

LIABILITIES

.2
*
.1
.2
REST

CF THE W O R L D

NET U . S . E X P O R T S
U.S.EXPORTS
U.S.IMPORTS
TR A N S F E R RECE I P T S FROM U.S.
CURRENT ACCOUNT BALANCE

8.5
37.1
2 8.6
2. 8
-5.7

5.3
43.4
38.1
2.8
-2.4

5.2
46.2
41.0
3. 0
-2.2

2.5
50.6
48.1
2.8
.3

2.0
55.5
53. 6
2.8
.9

1.4
50.9
49.5
3.1
1.7

1.3
47.8
46.5
2.4
1.1

1.3
57.2
55.9
3 .2
2.0

2.6
58.3
55.6
2.8
.1

2.6
58.8
56.2
2. 9
.3

3.5
61. 1
57.6
2.8
-.7

6
7
8
9
10

NET F I N A N C I A L I N V E S T M E N T
N ET A C Q U I S . O F F I N A N . A S S E T
GOLD ♦ SDR'S
U . S . DEM. DEP. A N D C U R R E N
T IME D E P O S I T S

-4.8
3.4
.1
.5
1.4

-2.0
3.3
.6
-1.0
.8

-1.1
7.6
1.2
.6
1.4

1.2
8.3
1.2
-. 2
*

3.7
10.1
-1.0
.2
1.2

2.8
1 0.5
-.5
-.2
-.1

5.4
13.8
.2
.2
- .4

5. 7
14. 9
-1.3
*
-1.4

4.0
12.3
*
.7
.7

-.4
-.6
-2.8
-.2
6.0

.3
8.3
-.4
.6
3.7

-1.5
6
7
2.4
-.1
8
9
-.5
- 2 . 4 10

11
12
13
14
15

CRECIT MKT. INSTRUMENTS
U . S . GO V T . S E C U R I T I E S
U . S . C O R P O R A T E B O N D S (3)
U.S . C O R P O R A T E S H A R E S
ACCEPTANCES

.6
.5
.2
-.3
.2

-1.8
-2.4
.6
-.3
.3

2.8
2.1
-.1
.7
.2

2.3
- .5
.3
2. 0
.6

1.9
-1.1
.5
1.5
1.0

9.2
4.2
.7
3.0
1.4

-1.5
-6.2
.9
3.0
.8

1.3
-l.l
.2
.5
1.7

6. 0
3.6
*
.7
1. 7

2. 1
-.5
.8
1.9
-.2

7.1
6.1
.9
-.3
.5

1.7
1.6
.3
-l.l
.8

1
2
3
4
5

16

A S S E T S ! 1)

.9

4. 7

1.6

5.1

7. 7

2.1

15. 3

16.3

4.9

-5 . 6

-2.7

3 . 7 16

17
18

NET I N C R E A S E IN L I A B I L I T I E S
OFFICIAL U.S. FGN. EXCHAN

8.2
*

5.3
*

8.7
l.l

7.1
2.1

6.5
.3

7.7
3.7

8.5
.4

9.3
-.1

8.3
2.8

-.2
-1.9

8.0
-2.3

4 . 0 17
- 4 . 2 18

19
20
21
22
23

C R E D I T MKT. I N S T R U M E N T S
SECURITIES
BANK L O A N S N . E . C .
CTHER LOANS
O T H E R L IA B I L I T I E S (2)

4.9
.7
2 .2
2.0
3.3

1.5
.5
-.2
1.2
3 .8

4 .1
1.3
-.2
3.0
3.5

3.0
1.3
-.3
2.0
2. 1

3.5
1.4
-.3
2.4
2.7

2.9
2.0
-.7
1.6
1.1

4. 2
1.4
.3
2.4
3.8

5 .5
1.6
.5
3 .4
3. 9

2.4
2.0
-1.4
1.8
3. 1

2.1
.5
-.5
2.0
-.3

2.9
.8
.8
1.3
7.5

-. 9

-.4

-l.l

-.9

-2.8

-1.0

-4.2

-3.7

-3.9

.6

— 1.0

24

CTHER FINANCIAL

11
12
13
14
15

DISCREPANCY

(I) T R A D E CR E D I T , S E C U R I T Y C R E D I T , F G N . B R A N C H C L A I M S ON U.S. B A N K S ,
D E P O S I T S AT U . S . A G E N C I E S O F FG N B A N K S , D I R E C T I N V E S T M E N T I N U.S.,
AND U N A L L O C A T E D A S S E T S
(2)

MAINLY U.S. DIRECT

INVESTMENT ABROAD.

1 1 / 7 0 DA T A AR E B A S E D ON P R E L I M I N A R Y
(3)

Excludes direct investment financed by foreign security issues.

I N F O R M A T I O N SUBJECT TO REVISION.

Excludes foreign security issues by U.S. corporations to finance direct investment abroad.




3.6
.3
-.1
3.4
4.6

19
?o
21
22
23

.8 24

13 AUGUST 1970
M ONETARY AND INSURANCE R E S E RV ES
11

MO N E T A R Y ANO INSURANCE RESERVES

GOLD, OF FI CI AL FO RE IG N EXCHANGE, TREASURY CURRENCY,
(BILLIONS OF OOLLARS)

SEAS

ADJ ANNUAL RATES

__

. _

G O L O ANO O F FICIAL
I.

11

_____________________________ ______________________________ SEAS ADJ ANNUAL RATES

YEAR TOTALS
1966
1967
1968

1965

ANO INSURANCE RE SE R V E S

1969

I 1968
I IV

|
I

1969
I

II

III

IV

I
I

1970
I

II

FOREIGN EXCHANGE HOLDINGS

GOLO ♦ SPECIAL DRAWING RIGHTS
-. 1
-.1

1 U .S. G O L D S T O C K A N D S O R * S (11
U . S . GOV T . (EX. S T A B . F U N D )
2
M O N E T A R Y A U T H O R I T I E S (2)
3

.7

4 M E M O — TOTAL WOR L O GOLO STOCK
II. U . S .

FOREIGN

— .6
*
-.6

-1.2
♦
-1.2

-1.2
•4
-1 . 6

1.0
1.0

*

-1.6

-.9

.1

.5
.5

-.2
-.2

1.3
1.3

♦
•

2. 8
2.8

.4
— 3.6
4.0

.1
•1

I
2
3

.6

-.3

-.3

.5

.8

.1

4

~

EXCHANGE POS I T I O N

5 T O T A L U . S . P O S I T I ON

*

*

l.l

2. 1

.3

3.7

.4

-.1

2.8

-1.9

-2.3

-4.2

5

i.O
.3
.7

1.2
.7
.5

-.7
-.7
-.1

2.3
-.8
3.1

.3
.3
*

-1.0
-.1
-.9

1.8
-.2
2.0

-4.1
— 2 .6
-1.5

-3.3
—* 1
-3.2

-3.3
-1.4
-1.9

6
7
8

.1
-.7
-.8
♦

.9
-.2
-l.l
♦

1.0
♦
-1.0
♦

1.4
-1.4
*

.1
-3.9
-4.0

.9
.9
”
♦

1.0
1.0

2.1
2.1

1.0
1.0

*

♦

.7
.5
.2

.4
.2
.2

.3
*
.2

.3
.3
.1

.2
.1
.1

.2
-.4
.6

.1
.2
*

.5
f3
•3

1.9
1.9

6
7
8

OFFICIAL FGN. C U R R E N C Y H L D G S
TREASURY
FEOERAL RESERVE

.2
.1
.1

.5
.3
.2

9
I0
11
12

NE T IMF P O S I T I O N
CAPITAL S U B S C R I P T I O N
LESS-IMF NOTES
IMF D E P O S I T S A T F. R .

-.3
.3
♦

-.5
-.3
.2
*

-.9
9
- .9 10
11
* ■ 12

III. T R E A S U R Y C U R R E N C Y A N D SDR C E R T I F I C A T E S
*
-.2
.2

13 T O T A L U . S . G 0 V T . L I A B I L I T Y
14 M O N E T A R Y A U T H O R I T I E S A S S E T
15 U N A L L O C A T E D A S S E T

.9
.7
.2

INSURANCE ANO PEN S I C N FUND

LIFE

.1 13
.4 14
3 15

RESERVES

INSURANCE RESERVES—

1
2
3

NET C H A N G E IN L I A B I L I T I E S
U.S. GOVERNMENT
LIFE INSURANCE COMPANIES

4,3
.1
4.2

4.6
.1
4.5

4.8
.1
*•7

4.5
*
4.6

4.5
.1
4.5

4.5
4.5

5.3
*
5.3

3*7
.1
3. 7

4.5
.1
4.5

4.5
.1
4.4

4. 5
.1
4.4

4.6
.1
4.5

1
2
3

4

NET

4.3

4.6

4.8

4.5

4,5

4.5

5.3

3.7

4.5

4.5

4.5

4.6

4

I N C R E A S E IN A S S E T S
(HOUSEHOLDS)

-

PENSION FUND RESERVES—
5
6
7
8
9
10

NET C H A N G E IN L I A B I L I T I E S
U.S. G O V E R N M E N T
INSURANCE SECTOR
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS
S .+ L. G O V T . * T R . F U N D S

10.9
1.2
9.7
2.0
4.9
2.8

13.4
1. 3
12. 2
2.1
6. 1
4.0

15.3
1.3
14.0
2.6
6.7
4.6

14.9
1.3
1 3.6
2. 9
6.4
4.3

15.8
1.6
14.2
3.0
6.2
5. 0

1 6.1
1.0
15.1
3.0
7.3
4.7

13.1
1.7
11.4
3.4
3.9
4.1

16.2
1.2
14.9
2.6
7.0
5 .3

20-0
2.3
17-8
3.0
7. 7
7.0

14.0
12.8
3.1
6.3
1.5

15.4
1.1
14.4
3.1
7.1
4 .2

18.5
5
6
3. 5
7
15.0
8
3.1
7.2 9
4 . 7 10

11

NET I N C R E A S E IN A S S E T S
(H O U S E H O L D S )

10.9

13.4

15.3

14.9

15. 8

16.1

13.1

16. 2

20. C

14.0

15.4

18.5

1 1 / 7 0 D A T A ARE B A S E D O N P R E L I M I N A R Y I N F O R M A T I O N S U B J E C T TO R E V I S I O N .
(1)

Excludes initial allocation of SDR's in January 1970 of $867 million.

(2)

Treasury gold stock.




Transactions in SDR's are in line 2.

Money Supply Relationship
(page 12)
Part
1
2
3
4
5
6
7
1
5

6
7
8
9
10
11
4
>-9

Line 12 of top section of page 12.
Daily averages in this table are increments in month averages from Last month
of preceding quarter to last month of this quarter.
1-2.
5 + 6+7,
See Part II, line 5.
Part II, line 6 + Part III, line 4.
Part II, line 7 + Part III, line 5. "Seasonal" here means dollar excess of
seasonally adjusted flow over unadjusted flow.
Lines 2 + 8 + 9 of top section of page 12 at quarterly rate.
Differences between money-supply concept of demand deposits derived from last
preceding all-bank total (either last Wednesday of quarter or Call Report)
and figure for that one day, e.g., March 25, 1970, derived from data going
into daily average statistics. Quarterly increments in this difference.
Difference between figure for period derived from daily-average data and
average for last month of quarter. Quarterly increments in difference.
8 + 9 + 1 0 - 11.
Difference in adjustment method: seasonal in daily average series (month
average) adjusted as flows less seasonal in published daily-average series.
Seasonal in F/F demand deposit (based on net change from last day of one
quarter to last day of next) less seasonal in daily average adjusted as flows.
Adjustment to seasonal needed as part of the balancing of all seasonally
adjusted sources and uses of funds in the flow-of-funds matrix.
Adjustment to allow for effects of intra-weekly seasonal influences on last (lay
of quarter.
No statistical difference between the two series. In unadjusted data, only
difference is between one-day figure for end of quarter and three week average.
Correspond to lines 7-11 in Part II.

U2

11

13 AUGUST 197C
MONEY AND DEPOSITS SUMMARY

MONEY ANO OEPOSITS SUMMARY
MONEY SUPPLY ANO TIME ANO SAVINGS ACCOUNTS
(B ILLIO N S OF OCLLARS)

SEAS ADJ ANNUAL RATES

SEAS ADJ ANNUAL RATES
YEAR TOTALS
1966
1967
1968

1969

I 1968
| IV

1969
I

I

II

IV

III

I
|

1970
I

II

DEMAND OEPOSITS AND CURRENCY
1
2
3
4
5
6
7
8

MJNEY SUPPLY
DOMESTIC SECTORS
HOUSEHOLDS
NONFINANCIAL BUSINESS
STATE ANO LOCAL GOVTS.
FINANCIAL SECTORS
MAIL FLOAT
REST OF THE WORLD

7 .3
6 .8
6.3
-2 .1
1 .2
.4
.9
.5

3.0
3.9
3.1
.7
-.1
-.1
.3
-1 .0

1 3. 2
1 2 .6
1 1. 4
-2 .1
-.4
1.1
2.7
.6

1 2 .0
12.2
6.9
1 .3
1.1
1.0
1. 9
-.2

6.1
5 .9
3.4
.5
2 .2
.4
-.6
.2

16.9
17.1
13.5
-4 .3
4 .1
1. 3
2.4
-.2

-3 .9
-4 .1
-7 .9
3. 8
1.9
-1 .3
"•6
.2

5.1
5.1
5 .6
.6
-1 .8
1 .0
-.3
*

1.6
.9
-1 .5
-1 .7
4.6
.8
-1 .3
.7

9
U . S . GOVT DEPOSITS
10 NET INCR. IN ASSETS

.2
7 .4

-.4
2 .6

1.1
14.3

-1 .3
10.7

.5
6.6

-9 .7
7. 2

-6 .3
-1 0 .1

2.1
7.3

11 NET INCR. IN BANKING S YS . LIAB
12
MONETARY AUTHORITIES
13
U . S . GOVT. CASH ♦ OEP.
14
FOREIGN DEPOSITS
15
CURRENCY

7.4
2 .6
.2
.1
2.4

2.6
2.3
.2
.2
2.0

14.3
3.0
.9
*
2 .1

10 .7
1. 4
-1 .1
.1
2.4

6.6
3 .3
.6
-.1
2.8

7.2
1.9
*
.1
1.9

-1 0 .1
1.1
-.1
-.2
1.4

16
17
18
19

4.8
*
.4
4.4

.3
-.5
-1 .2
2.0

11.3
.2
.6
10 .5

9 .3
-.2
-.3
9.8

3 .3
-.1
.3
3 .1

5 .3
-9 .6
-.2
15.2

COMMERCIAL BANKS
U . S . GOVT. DEP.
FOREIGN OEP.
OTHER

19 .9
2 0 .1
17 .3
-l.l
3.9
1.0
-1 .0
-.2

-2 .8
-3 .4
1 .0
-4 .7
-.7
-.3
1.3
.6

-2 .5
-2 .0
-1 .5
-1 .8
-.9
1.0
1.2
-.5

1
2
3
4
5
6
7
8

1 .6
3.2

4 .3
2 4. 2

.7
-2 .2

2.6
.1

9
10

7 .3
3 .1
-.1
*
3 .2

3.2
2.4
.1
-.1
2.3

24,2
6 .5
2.4
-.1
4.3

-2 .2
1. 4
-1 .4
.3
2.4

.1
2.0
-3 .2
-.2
5.4

11
12
13
14
15

-1 1 .3
-6 .2
.4
-5 .5

4.2
2 .3
.1
1. 9

•8
1.4
•8

1 7. 6
1 .9
-.1
1 5. 8

-3 .5
2.0
.2
-5 .8

- 1 . 8 16
5 . 8 17
- . 3 18
- 7 . 4 19

.6
-7 .9
-7 .6
-4 .0
-1 .4
*
-.2
5 .4

-1 5 .7
-2 1 .5
-1 0 .8
-1 0 .4
.7
-.1

-3 .6
-7 .8
-5 .6
-1 0 .0
6. 0
-.2

17.9
1 2 .8
-.4
1 .8
3 .7
-.3

4 2 .1
2 6.6
13.1
10.1
-2 .4
.1

-.8

2 .0

7 .9

5.7

1
2
3
4
5
f>
7
8

15.5
1.5
4 .2
9 .8
9.4
.4

9
10
11
12
13
14

«

TIME DEPOSITS AND SAVINGS ACCOUNTS
1 NET INCREASE - TOTAL
2 AT COMMERCIAL BANKS - TOTAL
3
CORPORATE BUSINESS
4
STATE L LOCAL GOVTS.
5
FOREIGN HOLDINGS
6
U . S . GOVT.
7
MUTUAL SAVINGS BANKS
HGUSEHOLO
8
9
10
11
12
13
14
15

AT SAVINGS IN S TI TU T IO NS
CREDIT UNIONS
MUTUAL SVGS. BANKS
SAVINGS ♦ LOAN ASSNS.
HELD BY: HOUSEHOLDS
CREDIT UNIONS
MEMO - HOUSEHOLDS TOTAL
TIME ♦ SVGS. ACCOUNTS

3 C. 4
14. 5
3.2
1 .7
1 .4
♦
.1
8.2

2 0. 2
13 .3
-.7
1.3
.8
*
*
11.9

4 0 .8
2 3 .8
4 .1
2.4
1.4
*
♦
15.8

33 .0
20 .6
2.2
3.2
*
.1
.1
15.1

-3 .0
-1 1 .0
-7 .8
-7 .5
1.2
-.1
-.1
3.3

3 9.9
2 7 .5
4 .1
5 .7
-.1
.1
17.8

6.5
-6 .8
-7 .2
-5 .4
-.4
-.1
-.2
6.6

1 5 .9
1.1
4.2
10.6
10. 5
.1

7.0
•8
2.6
3.6
3.8
-.2

17 .0
1.2
5.1
10.7
10.4
.3

1 2. 4
1.1
4 .1
7 .3
7 .5
-.2

8.0
1 .4
2.6
4.0
4.0
*

1 2. 4
1.2
4.5
6.8
7 .8
-1 .0

13 .4
1 .6
3 .8
8 .0
7.7
.3

8.5
1 .2
2.7
4.6
5 .2
-.6

5.8
1 .3
1.5
3 .0
3.1
-.1

4.2
1 .4
2 .4
.5
.2
.3

5 .1
1.6
1. 6
1.9
1.0
.9

23.9

19.1

3 2. 5

2 7.7

11.3

31.1

1 9. 6

14 .5

5 .1

5 .9

12.1

-

-

-

-

_

2 0.8 15

RELATION OF F/F MONEY SUPPLY DATA TO OAILY AVERAGE SERIES
(B IL L IO N S OF DOLLARS)
(Notes to this Table are on page 11)

SEAS ADJ ANNUAL RATES
1965

YEAR TOTALS
1966
1967
1968
I.

1969

I 1968
| IV

|
1

I

SEAS ADJ ANNUAL RATES
II

III

IV

1

I

ii

TOTAL MONEY SUPPLY

NET CHANGES AT SAAR—
F/F DEMAND DEPOSITS + CURR.
DAILY AVERAGE (DAMS)
TOTAL DIFFERENCE

29.1
2 5 .7
3.4

3.0
3 .6
-.6

13.2
11.0
2 .2

1 2. 0
11.8
.2

5 .7
4 .8
.9

16.9
1 4.5
2 .4

-3 .9
7.8
-1 1 .7

5.1
8.9
-3 .8

1 .6
*
1 .6

1 9. 9
2 .5
17 .4

-2 .8
8.1
-1 1 .0

-2 .5
8.4
-1 0 .9

1
2
3

4 TOTAL D I F F . AT QUARTERLY RATE
5
ARISING FROM— DATA D I F F .
6
TIMING
7
SEASONALS

.8
-.3
.5
.6

-.6
.1
-.9
.2

2 .2
-.1
2.1
.3

.2
-3 .5
3.4
.3

.9
-1 .0
2.1
-.2

.6
-4 .5
8.0
-2 .9

-2 .9
-.6
-5 .5
3 .2

-.9
♦
1. 2
-2 .2

.4
-.1
-.8
1 .3

4.4
-.4
7 .2
-2 .5

-2 .7
-1 .2
-5 ,5
3.9

-2 .7
-.7
-.7
-1 .3

4
5
6
7

1
2
3

II.

DEMANO OEPOSITS

NET CHANGE, S . A . QTRLY RATE—
F/F
1
DAMS
2
DIFFERENCE
3

4.9
4.9
*

I.o'
1.6
-.6

ll.l
8 .8
2 .3

9.6
8 .7
.9

2.9
2 .3
.6

3.7
2.9
.8

-1 .3
1 .2
-2 .5

.5
1.6
-l.l

-.2
-.5
.3

3.9
♦
3 .9

-1 .3
1.1
-2 .4

-2 .0
1.0
-3 .0

1
2
3

4 DIFFERENCE IN UNADJUSTED
OATA DIFFERENCE
5
6
TIMING

-.1
-.3
.2

-.8
.1
-.9

2.0
-.1
2. 1

.6
-3 .5
4.0

.9
-1.0.
1.9

3.6
-4 .5
8 .1

-6 .6
-.6
-6 .0

1. 2
*
1.2

-.2
-.1
-.2

6.6
-.4
6 .9

-6 .5
-1 .2
-5 .3

-1 .4
-.7
-.8

4
5
6

.1
.1
—

.2
.2
—
—

.3
.3
—
*
-

.3
.3
*
'*

-.3
.1
-.5
.1
-

-2 .8
.7
-1 .9
-1 .6
-.1

4 .1
*
3.4
.6
.2

-2 .3
-.5
-l.l
-.7
*

.5
-.4
-.4
1.5
-.2

-2 .6
.9
-2 .3
-1 .3
*

4.1
-.1
2 .9
2.1
-• 8

.4
.8
-.4

.8
.6
.2

.6
.5
.1

1.1
•7
.4

.6
.9
-.3

1 .3
1 .1
.3

1
2
3

7 DIFFERENCE IN SEASONALS
8
FLOWS VS. LEVELS
9
ONE-DAY VS . OAILY AVG.
SEASONAL BALANCE ADJUSTMENT
10
PLUS: DAY-OF-WEEK ALLOW.
11

.

III.
NET CHANGE, S . A .
F/F
1
DAMS
2
3
DIFFERENCE

-1 .6
7
-.5
8
9
-1 .3
. 2 10
11

CURRENCY

QTRLY RATE—
2 .4
1 .5
.8

2 .0
2 .0
*

2 .1
2.1
*.

2.4
3.0
-.6

2 .8
2 .5
.3

.5
.7
-.2

4

TI M IN G DIFFERENCE

.4

-.1

♦

-.7

.2

-.1

.5

.1

-.6

.3

-.2

.1

4

5
6
7
8
9

D I F F . IN SEASONALS
FLOWS VS. LEVELS
ONE-DAY VS. CAILY AVG.
' SEASONAL BALANCE AD J.
LESS— DAY-OF-WEEK ALLOW.

.5
.5
-

*
♦
-

*
*
—
-

.1
.1
*
-

.1
.1
*
-

-.1
.2
-.3
*
-.1

-.9
-.2
-.5
•
.2

.1
*
.1
-.1
#

.7
.1
.3
.1
-.2

.2
.2
•
*
♦

-.1
-.4
-.5
♦
-.8

.2
*
.2
♦
-

5
6
7
8
9


11/70 data are based on


preliminary information subject to revision.

13 AUGUST 1970
U.S. GOVT. SE CU RI TI ES

U.S. GOVT.

SECURITIES

U.S. GO VERNMENT SECU RI TI ES MA RK ET SUMMARY
(BILLIONS OF DCLLARS)
SEAS

13

ADJ A N N U A L R A T E S

S E A S ADJ
YEAR TOTALS
1966
1967
196 8

I 1968
I
IV

1969

|
|

II

III

IV

I
I

ANNUAL RATES
I

1970
II

1 TOTAL N E T ISSUES
2
I N C L U D E C IN PUBL IC D E B T
3
HOUSEHOLD SAVINGS BONDS
4
D I R E C T EXC. S A V I N G S B O N D S

6.7
5.4
.9
4.5

8.7
2. 3
.6
1.8

12.6
8.9
.9
8.0

16.7
10.3
.5
9.8

5.5
-1.3
-.4
-.9

-3.2
-7.4
.7
-8.1

.1
-5.7
-.5
-5.2

-5.7
-12.5
-.4
-12.1

14. 7
9.4
-.7
1 0.1

13.1
3.9
.1
3.8

18.3
5.8
-.9
6.7

2 2.3
16.3
-.3
1 6.5

I
2
3
4

5
6
7
8

CTHER
BUDGET AGEN C Y ISSUES
L O A N P A R T I C I P A T I O N S (1)
S P O N S O P E O A G E N C Y ISSUES! 2)

1.3
.2
.8
.3

6.3
*
1.3
5.1

3.6
.2
4.0
-.6

6.3
1.4
1.7
3. 2

6 .8
-.4
-1.9
9 .1

4 .2
2.7
-.6
2.1

5. 7
.8
-.3
5.2

6.8
-1.3
.6
7.5

5.3
-.8
-4.8
10.9

9.2
-.2
-3.2
1 2.6

12.5
.7
-3.0
14. 7

6.0
- .2
.6
5.6

5
6
7
8

9 N ET A C Q U I S I T I O N S , BY S E C T O R
10
U . S . G O V E R N M E N T ( A G E N C Y SE C . )
11
SPGNSORED CREDIT AGENCIES
12
DIRECT MARKET A B L E
13
FHLB SPECIAL ISSUE
14
FE D E R A L R E S E R V E S Y S T E M

6.7
*
-.4
-.1
-.3
3.5

8. 7
1.3
1. 0
.3
.6
3.5

12.6
-.1
*
.9
-.9
4.8

16.7
.1
-.1
-.1
3.8

5.5
-1.3
-.4
-.7
.3
4.2

-3.2
-1.0
-.5
-.2
-.3
-2.8

.1
-l.l
-2.1
-2.1
*
3.2

-5.7
-2.2
-.1
-.1
*
5. 0

14.7
-.8
-.3
-.6
.3
-.4

1 3.1
-1. 0
.3
-.6
.8
9.1

18. 3
.1
3.9
4.3
-.4
1.2

22.3
-. 1
-1.4
- 1 .3
-.1
5.7

9
10
11
12
13
14

.5
.1
•4

-2.4
-. 8
-1.6

2.1
1.6
.5

-.5
-2.4
1.9

-l.l
-1.8
.7

4.2
1.9
2. 3

-6.2
-6.2
*

- 1.1
.3
-1.4

3. 6
3. 7
-.1

-.5
-4. 9
4. 4

6.1
8.6
-2.5

1.6 15
.4 16
1.2 17

.6
.9
-. 7
.3

8. 5
.6
3.3
4. 7

-2.8
.9
-3.8
.2

8.9
.5
4.6
3.8

15.8
-.4
8.1
8.1

9. 6
.7
5.8
3.1

24.7
-.5
18. 3
6.9

-.9
-.4
-7.0
6.5

26.3
-.7
19.3
7.7

13.4
.1
2. 0
1 1.3

4.6
-.9
-3.5
9.0

4 . 7 18
- . 3 19
4 .5 20
.5 21

2.2
.9
.5
.8

7.3
.6
2.6
4.2

.6
.9
-1.3
l.l

7.1
.5
4.4
2.2

13.1
-.4
8.1
5. 3

11.1
.7
8.5
2.0

16.1
-.5
12 . 0
4.5

2.1
-.4
-2.3
4.8

24.1
-.7
21.0
3.9

10.1
.1
1.9
8. 1

9.1
-.9
1.6
8.4

-1.5
-1.0
-.5

-1.2
-1.5
.4

-3. 1
-1.6
-1.4

1. 8
1.0
.8

-1.4
-2.0
.5

-1.3
-2.3
1.0

6.1
5.7
.3

-3.2
-4.0
.8

-3.8
-4.3
.4

-4.9
-5. 5
.6

-3.1
-3.6
.5

- 1 .3 26
- 1 . 4 27
.1 28

-.1
-.2
.1

2.4
2.2
.1

-.3
-. 9
.6

.1
-.8
.8

4.2
2.0
2. 2

-. 3
-.4
.1

2.5
.5
2.0

.2
-.7
.9

5.9
2.6
3.4

8.2
5.6
2.6

-1.4
-1.5
.1

- 1 . 5 29
- 1 . 4 30
- . 2 31

15
16
17

FOR El GN
SHORT-TERM MARKET A B L E
CTHER

18
19
20
21

PVT. D O N E S T IC N O N F IN.
SAVINGS BONDS - HOUSEHOLDS
D I R E C T EXC. S V G S . B O N D S
AGENCY ISSUES

22
23
24
25

HOUSEHOLDS
SAVINGS BONDS
D I R E C T EXC. S V G S . B O N D S
AGENCY ISSUES

26
27
28

CCRPORATE NONFIN.
DIRE C T
AGENCY ISSUES

29
30
31

STATE ♦ LOCAL GOVTS.
DIRECT
A G E N C Y ISS U E S

BUSINESS

-

•

7.6
- .3
7.3
.6

22
23
24
25

32
33
34

COMMERCIAL BANKS
DIRECT
AGENCY ISSUES

.4
-.2
•6

-3.6
-3.4
-.2

9.4
6.3
3.2

2.8
1.7
1.1

-11.2
-9.4
-1.8

-3.1
-4.9
1.7

-15.2
-12.5
-2.7

- 10.7
-11.3
.5

-10.3
-6. 1
-4.1

-8.1
-7.1
-.9

2.8
1. 9
.8

7.3 32
5 . 5 33
1.7 34

35
36
37

PRIVATE NONBANK FINANCE
DIRECT
AGENCY ISSUES

2.2
1 .9
.4

.4
-.2
.5

-.9
-1.3
.3

1.6
.3
1.3

- .5
-2.3
1.8

-9.7
-10.0
.3

-3.1
-5.9
2. 8

4.4
2.3
2 .0

-3.3
-5.9
2.6

-.1
.1
-.2

-.3
-2.9
2.6

4 . 3 35
.5 36
3.8 37

.6
.5
.1

.4
.4
.1

1.6
1.5
.2

.6
.3
.3

.4
-.8
1.3

-3.9
-3.7
-.2

1.9
.6
1.3

.4
-1.0
1.4

-.1
-2.2
2.1

-.4
-. 7
.3

-1.2
-3.0
1.8

3 . 6 38
.3 39
3 .3 40

-.6
-l.l
.6

.8 41
.4 42
.4 43

38
39
40

S V G S .+ L O A N A S S N S .
DIRECT
AGENCY ISSUES

41
42
43

MUTUAL SAVINGS BANKS
DIRECT
AGENCY ISSUES

*
-.1
.1

-.5
-. 7
.2

-.3
-.5
.2

-.3
-.6
.3

-.5
-. 6
.1

-l.l
-.6
- .4

.3
-.5
.8

-.5
-.9
.4

-1.0
-.9
-.1

-. 8
-. 1
-.7

44
45
46

L IFE I N S U R A N C E
DIRECT
AGENCY ISSUES

-.3
-.3
*

-.3
-.3
♦

-.3
-.2
*

-.2
-.2
*

-. 5
-.5
*

-.5
-.5
*

-.9
-.9
.1

-.3
- .3
.1

-. 7
-.5
-.2

-. 3
-.2
*

*
♦
*

47
48
49

NONLIFE INSURANCE
DIRE C T
A G E N C Y ISSUES

.1
*
.1

- .4
-.5
.1

-. 7
-.7
*

-. 3
-. 4
.1

-.5
-.5
*

-.6
-.7
.1

- .4
-.2
-.2

1.0
1.0
*

-2.1
-2.2
.1

-.3
-.6
.3

*
.1
-.1

.1 47
.1 48
* 49

50
51
52

PRIVATE PENS I O N
OIRECT
A G E N C Y ISSUE S

.1
*
.1

-.5
-.5
♦

-. 6
-.4
-.2

.5
.4
.1

.3
*
.2

.7
.4
.3

.5
*
.5

.1
*
.1

1.9
1.6
.3

-1. 5
-1.4
-. 1

-.7
-.9
.3

*
*
-

53
54
55

S.+ L . G O V T . R T R . F U N D S
DIRECT
AGENCY ISSUES

.6
.5
♦

.2
.1
.1

*
-.2
.2

*
-.4
.4

-. 1
-.3
.2

.3
-.3
.5

-1.0
-1.3
.3

- .4
-.4
.1

.4
*
.4

.5
.5
.1

-.3
-.4
•1

.3 53
.2 54
.2 55

56
57
58
59

INVESTMENT COS.
(DIRECT)
S E C . B R K R S . + DLR S . (
"
»
AG. O F F G N . B A N K S ( "
)
B K S . I N T E R R .♦ P O S S . ( " )

*
.7
.5
*

.6
.7
. 1
*

-.5
-.8
.6
♦

.2
.8
.1
♦

-.5
*
.8
*

-1.0
-3.6
*
*

-.7
-3.3
.3
.1

*
3. 0
l.l
*

.2
-2.7
.8
*

-1.3
2.9
1.2
*

-.9
2.5
.9
*

3.0
-4.7
1.5
*

5.7

13.3

4.0

-3.2

6.3

-7.2

12 .7

5,2

7.1

16.4 6 0

60

FUNDS

MEMO: H E L D BY PVT . D O M E S T I C
3.2
5.3
( N ONF I N A N CIAL, B A N K S * A N O PVT. N O N B A N K F I N A N C E )

(1)W H E R E N O T SH O W N S E P A R A T E L Y ,
AGENCY ISSUES

LOAN P A R T I C I P A T I O N S ARE

INCLUDED WITH

f 2 ) T H E S E I S SUES A RE O U T S I D E THE B U D G E T A N D O U T S I D E THE U.S. G O V E R N M E N T
S E C T O R IN F L O W - O F - F U N D S A C C O U N T S .
T H E Y ARE I N C L U D E D IN C R E D I T M A R K E T
DEBT O F F I N A N C I A L I N S T I T U T I O N S .
11/70 DATA ARE BASED ON P R EL IM IN AR Y INFORMATION SUBJECT TO REVISION.




-.3 44
- .3 45
- 46

50
51
52

56
57
58
59

13 AUGUST 1970
PRIVATE SECURITIES AND MORT GA GE S

PRIVATE

SECURITIES AND MORTGAGES

PRIVATE SECURITIES AND MORTGAGES
(BILLIONS OF DOLLARS)
SEAS

ADJ A N N U A L

SEAS ADJ A N N U A L RATES

RATES
YEAR TOTALS
1966
1967
I96 0

1969

1970

1 969

I 1968
I IV

II

I

III

II

STATE AND L O CAL GOVERNMENT S E C U R I T I E S
NET C H A N G E IN L I A B I L I T I E S O F
I S T A T E AN D L O C A L G O V E R N M E N T S
NET C H A N G E IN A S S E T S
S.+ L. G O V T . , G E N . F U N D S
S.+ L. GOVT., R T R . F U N D S

I

3
4
5
6
7
8
9
10
LI
12

OTHER
HOUSEHOLDS
C C R P O R AT E- B U S I N E S S
COMMERCIAL BANKS
MUTUAL SAVINGS BANKS
LIFE INSURANCE COS.
O T H E R IN S U R A N C E C O S .
F INANCE N.E.C.

5.7
-.1
-.4

5. 7
*
-.1

6.2
2.0
.2
3 .6
♦
-. 1
.4
.2

5. 9
2.1
1*0
1.9
-.1
-.4
1.3

7.7

9.9

7 .7
* '
-. 1

9.9
*
T-. I

7.8
-2.1
-.4
9.0
*
-.1
1.4
.1

1 0.0
-.2
.4
8. 7

CORPORATE

7. 1

10.2
8.5
.1
-.1

I?.8
.1
-.2

1 0.2
*
-.1

9.8
.1
-.2

6.7
.1
-.1

7. 1
*
-.1

9.2
.1
-.2

-. 1

8. 5
3.8
2.3
1.4
* ■
.2
1. 0
-.1

13. 9
-2.9
1.3
14.7
*
.2
1.0
-.5

10.3
5.0
2.4
2.6
*
.2
.9

9.9
1.7
2.7
4.9
*
.1
.5

6.8
3.3
.2
1.0
*
.5
1. 7
.1

7 .2
5.0
3. 7
-2.7
*
.2
.8
.1

9.3
4. 0
-2. 2
6.1
*
-.1
.7

11.1
2.4
-2. 1
11.2
*
-.4
.6

ANO FOREIGN BONDS

NET I S SUFS
CORPORATE BUSINESS
FINANCE COMPANIES
C OMMERCIAL BANKS
REST O F THE W O R L D

7.1
4.0
2.1
.5
.5

11.8
10. 2
.8
.1
.7

17.2
14.7
1. 0
.3
1.2

15.1
12.9
.8
.3
l.l

14. 9
12.1
1.6
.1
1.2

17.4
14.6
.9
*
1 .9

1 7.4
14. 6
1.4
.2
1.3

15 . 7
12.5
2.2
.3
.7

14.2
10.5
1.4
2.4

12.4
10. 7
1.3
*
.4

16.3
13.9
1.3
.1
1. 0

29.0
27 . 0
1.9
.1

9
10

NET P U R C H A S E S
HOUSEHOLDS
STATE AND LOCAL G O V E R N M E N T S
COMMERCIAL BANKS
MUTUAL SAVINGS BANKS

7.1
-.5
l.l
.1
-.2

11.8
2.0
l.l
.1
.3

17.2
4.0
1.5
.8
2.1

15.1
4.6
.4
.3
1.4

14.9
4.9
2.8
-.4
,3

1 7.4
6.9
.9
.4
1.6

17.4
4.8
3 .8
.8

15. 7
5.3
3. 6
-1.6
.8

14.2
4.7
-1.2
-.3

12.4
4.7
5.0
-.2

16.3
9.2
4.4
.9

29. 0 6
14. 7 7
8
2. 2
9
1.2 10

11
12
13
14
15

INSU RANCfc
LIFE INSURANCE C O M P ANIES
PRIVATE PENSION FUNDS
S.* L . G O V T . R T R . F U N O S
OTHER INSURANCE C O MPANIES

6. 1
2. 3
L.6
1. 9
.3

7.3
2.4
1. 9
2.5
,6

8.9
3. 8
.9
3.4
.7

8.0
3. 8
.7
2.4
1.2

6.4
1.9
.5
3.0
1,1

7. 7
3.8
.3
2.3
1.2

6.0
2. 9
-.8
3. 6
.2

7.3
2. 7
.7
3.9
*

10.0
2. 1
1.3
3. 4
3. 1

2. 4
-.3
.6
•I. 1
I. 0

4.4
-.4
1. 8
2.4
.6

16
17

FINANCE N.E.C.
R EST OF THE W O R L D

.2
.2

.4
.6

.1
-. 1

*
.3

.5
.5

-.7
.7

l.l
.9

.1
.2

1.1
*

-.4
.8

-3.3
.9

1
2
3
4
5

9.9
3.9
2 .3
2.9
.8

1
2
3
4
5

11
12
13
14
15

.6 16
.3 17

CORPORATE STCCKS

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18

NET ISSUES
O P E N - E N D INVESTMENT COS.
OTHER SECTORS
C O R P O R A T E BUS INESS
C O M M E R C I AL B A N K S
R E S T OF THE W O R L D *

3.5
1 .9
1. 6
1 .4
*
.2

NET P U R C H A S E S
HOUSEHOLDS
MUTUAL SAVINGS BANKS
I N S U R A N C E SE C T O R
LIFE INSURANCE C O M P A N I E S
PRIVATE PENSION FUNDS
OTHER INSURANCE COMPANIES
S.+ L. GO V T . R T R . F U N D S

3. 5
-.1
.1
3.1
.5
2.2
.1
.3
•6
.7
-.1
-.3

FINANCE N.E.C.
O P E N - E N D I NVESTMENT COS.
B R O K E R S A ND D E A L E R S
REST OF T HE W O R L D

-.3

4. 9
2.6
2. 3
2.3
*
*

4.0
4.7
-.7
-.8
-.1
.2

10.1
5. 6
4.5
4. 3
*
.2

2.7
4.9
-2.1
-2.2
-.1
.2

7 .7
7.6
.1
.1
-.1
.1

8.0
4.7
3.2
2 .4
*
.8

11.4
6. 1
5. 3
5.6
*
-.4

13.3
4.2
9.2
9.1
-.1
.1

8. 5
2.3
6.2
6.3
.1
-.2

7.9
2 .8
5.1
4.8
.3

I
2
3
4
5
6

4.6
-1.0
*
4. 8
.3
3,7
.4
.5

4. 9
-4.8
.2
7.3
l.l
5.0
.6
.7

4.0
-7.7
.3
8 .5
1.4
4. 7
1. 1
1.3

10. 1
-4.2
.3
9.7
1.6
5. 4
1.0
1.8

2. 7
-12.9
.3
10.5
1.7
5.7
1.5
1. 7

7.7
-5.4
.3
10.0
1.9
5.8
l.l
1.2

8.0
-5.2
.3
9.7
1.8
4.8
1.2
2. 0

11.4
-2. 3
.3
7.8
l.l
4. 5
.3
1.9

13.3
-3. 9
.3
11. 5
1.7
6.4
1.3
2. 1

8.5
-6.0
.3
10.9
2.2
5.2
1.4
2.1

7.9
♦
.3
7.6
1.2
4.5
.9
1.0

7
8
9
10
11
12
13
14

1.0
1.0
*

1.5
1.5
♦
.7

1.0
1.5
-.4
2.0

2.7
2 .5
.3
1.5

1.8
3.4
-1.6
3.0

-.1
-.7
.6
3.0

2.7
3.1
-.4
.5

4.9
3.3
1.7
.7

3.6
4.3
-. 7
1.9

3. 7
4.2
-.5
-.3

1 .0
-.4
1.3
-l.l

15
16
17
18

4.6
3.7
.9
1.2

TOTAL MORTGAGES
25.9

21.3

23.0

27 . 4

27 . 3

31.3

29.3

28.9

26.4

24.6

21.1

22.3

I

-.3
*

-. 9
-.1

1.0
-.1

.2
-.1

*
-.1

.6
-.1

.7
-.1

.3
-.1

- .4
-. 1

-.7
-.1

-1.2
-.1

♦
-. 1

2
3

PRIVATE NON F IN. SECTORS
HOUSEHOLDS
N O N P R O F I T IN S T .
BUSINESS
FARMS
NONFARM NONCORPORATE
CORPORATE

^6.1
16.0
1.0
9.1
2.1
3.4
3. 6

22.3
12.3
1.3
8. 7
2. 1
2.4
4.2

22.0
10. 5
1.2
10.4
2,1
3.7
4.5

27.3
14.9
l.l
1 1.3
2.1
3.4
5. 8

27,4
16.3
l.l
10. 0
2.0
3.7
4.3

30.8
1 5.6
l.l
14.1
1.8
4.7
7.6

28.6
17.0
l.l
10 . 6
2 .2
3.5
4.9

28.6
16 . 9
l.l
IQ.7
2.3
4. 1
4.4

26. 8
16.0
l.l
9.7
2.0
3.9
3.8

2 5.4
15.2
1. 1
9.2
1.6
3.3
4.2

22 . 4
1 2.3
1.0
9.1
1.5
3.1
4.5

22.4
4
10.6
5
I. 0 6
10 .8
7
8
l.l
3.9
9
5 . 9 10

11 F U N D S A D V A N C E D BY—
12
HOUSEHOLDS
13
S T . + L O C . G O V T S . , G E N FDS .
14
U.S. G O V ERNMENT
15
F N M A A N D L A N O B A N K S (1)

25.9
.3
*
-.1
-3

21.3
1.4
*
.8
2.6

23.0
.1.0
♦
,9
1.8

27,4
1. 6
.2
1.1
2.2

27 . 3
1.3
.2
.7
4.5

31.3
.7
.2
.7
1.5

29.3
1.7
.2
.4
2.3

28.9
l.l
.2
.8
3.3

26.4
2.5
.2
.8
5.3

24.6
.2
.8
6.9

21.1
3.2
.2
.1
6.1

22.3
.9
.2
.7
5.7

11
12
13
14
15

16
17
18
19
20
21

25.3
4.5
14. 8
10.4
4.3
*

16.9
4.6
6*5
3.8
2.7
.1

19.3
4,6
10. 7
7.5
3. 2
♦

2 2.3
6.6
12.2
9.3
2.8
♦

20.7
4. 9
12. \
9.6
2. 5
*

28.2
7.5
15 . 2
11.4
3.8
*

24 . 6
7.7
13.7
10.8
2.9
♦

23.6
5.9
14.0
11.3
2.7
*

17.7
3.4
11.0
8.9
2,1
*

16. 7
2.7
9. 8
7.3
2.5
♦

11. 5
2. 9
5.9
4 .4
1. 5
*

14. 9
2.1
9.0
7.1
1.8
*

16
17
18
19
20
21

5. 6
4.6
.5
.5
*
.5

5.9
4.6
.5
.8
♦
-.5

3. 6
2.9
.1
.5
*
.5

2.8
2. 5
*
.4
*
.7

2. 6
2.1
.1
.4
*
1.0

3.5
3.0
*
.5
*
2.0

2.5
2.0
.1
.4
*
.8

2. 6
2. 3
-.1
.4
*
1.0

3. 5
2.4
.2
.8
*
-.3

1. 7
1.5
.1
-. 1
*
2.5

3.4
2.7
.2
.4
.1
-.6

3.3
2.4
.3
.5
.1
.6

22
23
24
25
26
27

-2.5
.9
" CATEGORY)

.9

4.0

.2

2.9

3.1

5.3

4. 8

4.4

1 TOTAL MORTGAGE CREDIT
B O R R O W E D eY—
2
S A V I N G S + L O A N ASSN S .
3
U.S. G O V E RNMENT
4
5
6
7
8
9
10

22
23
24
25
26
27

P V T . F I N A N C I A L IN S T .
COMMERCIAL BANKS
SAVINGS INSTITUTIONS
S V G . + L O A N A S S N S . (I)
MUT. SAVINGS BANKS
CREDIT UNIONS
INSURANCE
LIFE COMPANIES
PVT. P E N S I O N F U N D S
ST.+LOC. GOVT. R E T . F D S ,
OTHER INSURANCE
FINANCE N.E.C

28 (l)MEMO:

FHLB LOANS TO
(INCLUDEO

S£ L ASS N S .

11/70
DATA
http://fraser.stlouisfed.org/ ARE BASEC
Federal Reserve Bank of St. Louis

.5
IN " O T H E R

ON PRELIMINARY IN FORMATION SUBJEpT TO REVISION,

.8 28

13 AUGUST 1970
Mf'RTG AGES, PY TYPE

MORTGAGES,

BY TYPE

MORTGAGE MAKKETS BY TYPE CF MORTGAGE
(BILLIONS OF DOLLARS)
S F A'j AH J A N N U A L

SEAS ADJ A N N U A L RATES

RATES

I 1968
I IV

YEAR TOTALS
1966
196 7
1968
HOME

II

III

\ £T ChANCf IN L IAB ILITIES
HLUSFHOLDS
M'\F ARM NONCORP. BUSINESS
CORPORATE PU SIN-ESS
U.S. GOVbRNMENT
SAVINGS AM) LOAN ASSNS.

15.4
16. 0
-.2
-.2
*
- .3

10.4
12.3
5
-. 5
-.1
-.9

12.5
10.5
.6
.6
-.1
1.0

15.3
14.9
.1
.1
-.1
.2

15. 6
16.3
-.3
-.3
-.1
*

17.1
15.6
.5
.5
-.1
.6

17.0
17.0
-.3
-.3
-. 1
.7

16. 8
16.9
-.1
-.1
- .1
.3

15.1
16.0

7

NrT CHANCE IN ASSETS
HU USbHOLDS
STATE ANC LOCAL GO VERNMENTS
U.S. GOVERNMENT
FED. NAT. MTG. ASSN.
COMMERCIAL BANKING
SAVINGS INSTITUTIONS
SAVINGS AND LOAN ASSNS.
MUTUAL SAVINGS BANKS
CREC1T UNIONS

1 5.4
.3
*
-.1
-.1
2.3
10. 8
8. 1
2.7
*

10.4
.4
*
.6
1.9
2.4
4.5
2.9
1.6
.1

1 2.5
.3
♦
.7
l.l
2.4
7 .9
6. 0
1.8
*

15.3
.6
.2
.8
1.6
3.5
8 .7
7.2
1.4
*

1 5.6
-.5
.2
.1
3.9
2.6
9.4
8.0
1 .4
*

17.1
-.4
.2
.3
1.1
3.9
11.1
8.9
2.1
*

17.0
-. 2
.2
.3
1.7
4.3
10.7
9.1
1.6
*

16.8
-.4
.2
.1
2 .5
3.3
U.O
9. 5
1.5
*

15. 1

1. 7
1.2
.5
.4

1.1
.6
.5
-.5

-.3
-.5
.1
.5

-.8
-.7
♦
.7

-.9
-1.0
.1
.9

-1.0
-1.0
*
2.0

-.6
-.7
.1
.7

9
10

11
12
13

14
15
16
17

18
19
20

INSURANCE
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS
FINANCE N.E.C. (MTG. COS.)

IV

I

I

II

MORTGAGES

I
I
3
4
5
6
8

1 970

\

19 69

|
|

MULTI-FAMILY

13.5
15. 2
-.4
-.4
- .1

-.7
13. 5
-2.4

1 0.1

12.3
-.5
-.5
- .1
- 1 .2

1 1 .8
10. 6
, 7

.7
-. 1
*

1
2

3
46

1 0.1

1 1 .8

7

.7

-.4

8

9

.2

.2

.3
5.0
1.3
6.7
5. 7
.9
*

10
11
12

1.3
♦

*
5.8
1.9
3.6
3.2
.3
*

-.5
-.8
.2
-.5

- 1 .8
-1.9
.1
2.4

-1.4
-1.7
.2
-.6

-1.6
-2.0
.3
.5

17
18
19
20

.2

*

4. 7
1. 7

6 .6
1 .2

7.4
l.l
*

6.1

-.7
-.6
-.1
.9

7. 5

13
14
15
16

RESIDENTIAL MORTGAGES

1 NET B C R R C w I N G
CORPORATE BUSINESS
3
NONFARM N O N CORP. BUSINESS

4.5
1.3
3.3

3.1
.7
2.4

3.6
.8
2.8

3 .5
.8
2.7

4.4
.9
3. 6

4.2
.7
3.5

4.2
.9
3.3

4.7
.9
3.8

4.6
.8
3.8

4.3
1.0
3*4

4.4
1.3
3.1

4.6
1.8
2.8

I
2
3

4 N ET C H A N G E IN A S S E T S
5
HOUSEHOLDS
6
U.S . G O V E R N M E N T
7
FEC. N A T . M T G . A S S N .
8
C O M M E R C I A L BA N K S

4.5
-.3
♦

3. 1
-. 5
.3

3.5
-.2
.3
*
.3

4.4
.1
.7
*
.5

4.2
-.3
.4

1

3.6
-.3
.2
*
.3

4.7
♦
.7
*
.6

4.6
-.3
.8
*
.4

4*3
.6
.9
*
.3

4.4
.5
.2
*
.4

4.6
.1
.5
.2
.2

4
5
6
7
8

2

.4

4.2
.1
.2
♦
.6

9
10
11

SAVINGS INSTITUTIONS
MUTUAL SAVINGS BANKS
S A V I N G S AND L O A N A S S N S .

2.3
1.1
1.2

1. 0
.5
.5

1.5
.6
.9

1.6
.5
l.l

1.6
.5
l.l

1.9
.7
1.2

1.8
.6
1.2

1.8
.6
1.2

1.6
.4
1.2

1.1
.5
.6

l.l
.2
.9

1.4 9
. 5 10
1.0 tl

12
13

LIFE I N S U R A N C E C O S .
S.+L.GOVT. PENS.FUNDS

I. 9
.5

1.5
.8

1 .4
.5

1.0

1 .2

.4

.4

1. 3
.5

l.l
.4

1.1
.4

1.3
.8

1.4
-.1

1.9
.4

1.8 12
.5 13

*

.1

.

COMMERCIAL

-

MORTGAGES

3.8
1.0
2.5
.3

5. 7
1.3
4.0
.4

6.6
l.l
4.9
.5

5.2
l.l
3 .7
.4

8.2
l.l
6.4
.7

5.9
l.l
4.4
.5

5.1
l.l
3.6
.4

4.7
l.l
3.3
.4

5.2
1.1
3.7
.4

5.1
i.O
3.7
.-4

4.0
L .O
3 .4
.4

I
2
3
4

5 NET C H A N G E IN A S S E T S
6
HOUSEHOLDS
•7
U.S. G O V E R N M E N T
8
COMMERCIAL BANKS

3. 8

5. 7
.6

6.6
.2
2.6

5.2
.6
*
1.5

8.2
.3
*
3.1

5.9
.8
—
2.3

5.1
.6
—
1.5

4.7
.6
—
l.l

5.2
.4
*
1.0

5.1
.5
—
l.l

4. 8
.3
—
.7

5
6
7
8

9
10
11

SAVINGS INSTITUTIONS
MUTUAL SAVINGS BANKS
S A V I N G S AN D L O A N A S S N S .

1.6
.6
1.0

1.9
.8
1.0

1.1
.6
.5

2.3
l.l
1.2

1.2
.7
.5

l.l
.6
.5

1.0
.6
.4

1.3
.7
.5

.7
.3
.3

.9 9
.5 10
. 4 11

12
13

LIFE INSURANCE COMPANIES
C T H E R I N S U R A N C E C O M P A N IES

1.9
♦

1.9
*

2. 6
*

1. 6
*-

1.7
*

1.8
*

2. 4
*

2.8
.1

2.8 12
.1 13

1 NET B O R R O W I N G
2
HOUSEHOLDS
3
CORPORATE BUSINESS
4
NCNFARM NONCORP. BUSINESS

_

l.C
.6
.4

F A R M FORT G A G E S

1 N E T B O R R O W IN G BY F A R M S
NET C H A N G E IN A S S E T S —
2
HOUSEHOLDS
3
U.S. G O V ERNMENT
4
FED. L A N D B A N K S
5
COMMERCIAL dANKS
6
MUTUAL SAVINGS BANKS
7
LIFE I N S U R A N C E C O M P A N I E S

2.1
.9
*
-4
.3
*
.5

2.1
.9
♦
.7
.2
* ■
.4

2. 1

2.1

2.0

1. 8

2.2

2.3

2.0

1. 6

1.5

l.l

I

.8
-.1
.7
.3
.1
.3

1.0
*
.5
.3
*
.2

l.l
*
.6
.4
*
*

l.l
.4
.1
*
.1

l.l
*
.6
.5
*
*

.9
-.1
.8
.5

1.0
*
.6
.3
♦
.1

1.3
♦
.3
.3

1. 4
♦
.3
-.6
.6
-.3

.9
♦
.5
-.1
-.2

2
3
4
5
6
7

11/70 DATA ARE BASED ON PRELIM IN AR Y INFORMATION SUBJECT TO REVISION.




*

.1

-

-.3

13 A U G U S T 197C
CONSUMER CREDIT

A ND B A N K L O A N S N . E . C .

16

C O N S U M E R C R E D I T A N D B A N K L O A N S N.E.C.

C O N S U M E R C R E D I T A N D B A N K L O A N S NOT E L S E W H E R E C L A S S I F I E D
( B I L L I O N S OF D C L L A R S )

SEAS

ADJ

ANNUAL R A T E S

16

SE AS ADJ A N N U A L R A T E S
19 6 5

YEAR TOTALS
1966
1967
1968

1969

I 1968
I
IV

|
I

1969
I

II

9.9

10.4

III

IV

1
I

1970
I

II

C O N S U M E R CREDIT

1
2
3

NET

C H A N G E IN L I A B I L I T I E S
(HOUSEHOLDS)
INSTALMENT CREDIT
NONINSTALMENT CREDIT

8.5

4.6

7.2

11.1

9.3

12 . 0

8 .8

8.4

4.8

6.2

1

4.0
.8

4.6
1.6

2
3

4
6 .2
5
4.6
6
.1
7
.5
1.9
8
9
1.3
.8 10

7.2
1.3

6. 2
1.0

3.4
1.2

9.0
2.1

8.3
1.0

10.2
1.8

8.3
1.5

9.6
.8

7. 7
1.1

8 .0
.5

4
5
6
7
8
9
10

N ET C H A N G E IN A S S E T S
INSTALMENT CREDIT
NCNFARM NONCORP. BUSINESS
CORPORATE BUSINESS
COMMERCIAL BANKING
SAVINGS INSTITUTIONS
FINANCE COMPANIES

8.5
7.2
.1
I .0
3.1
.9
2.1

7.2
6. 2
.1
.9
2.4
1.0
1. 8

4.6
3.4
.1
.6
1.4
.7
.6

11.1
9.0
.1
.9
4.3
1.4
2.4

9.3
8.3
.1
.7
3 .4
1.5
2.6

12.0
10.2
.2
.9
4.8
2.1
2, 3

9. 9
8.3
*
.5
3. 5
1.4
2.9

10 .4
9.6
.1
.5
3.8
2.1
3.2

8.8
7.7
.1
1 .0
3.0
1.5
2.1

8.4
8. 0
.1
.4
3.1
1.2
3. 1

4.8
4.0
*
.8
.9
.9
1.4

11
12
13
14
15

NONINSTALMENT CREDIT
NONFARM N O N C O R P . BUSINESS
CORPORATE BUSINESS
COMMERCIAL BANKING
SAVINGS INSTITUTIONS

1.3
.3
.3
.7
*

1.0
.4
.3
.3
♦

1.2
.4
.4
.4
.1

2.1
.6
.8
.6
.1

1.0
.5
.6
-. 1
*

1.8
.4
.2
l.l
.1

1.5
.1
1.2
.2
.1

.8
.4
.4
-.1
.1

I. 1
1.2
.4
-.5
♦

,5
.2
.2
*
*

.8
*
.7
.1
.1

1.6
.3
1.3
-. 1
.1

11
12
13
14
15

BAN K LOA N S NOT ELSE W H E R E C L A S S I F I E D

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21

T O T A L B A N K L O A N S AT C O M M E R C I A L
B A NKS, F/F B A S I S
L E SS: L C A N S IN O T H E R C A T E G O R I E S
MORTGAGES
CONSUMER CREDIT
SECURITY CREDIT
OTHER LOANS
F I N A N C E C O. P A P E R
CTHER COMMERCIAL PAPER
ACCEPTANCES
HYPOTHECATED DEPOSITS
EQUALS: BANK LOANS N.E.C.
PLUS: L O A N S BY B A N K A F F I L I A T E
L C A N S BY F.R . B A N K S
EQ U A L S : T O T A L BANK, L O A N S N . E . C
NET C H A N G E IN L I A B I L I T I E S
HOUSEHOLDS
FARM B U S I N E S S
NONFARM NONCORP. BUSINESS
CORPORATE BUSINESS
SVGS.+ LOAN ASSNS.
FINANCE COMPANIES
RE S T O F THE W O R L D

18.4

18. 5

17 . 8

27.4

20.1

35. 0

21.4

29.6

9. 3

19.9

-6.4

5.0

1

4. 5
3. 8
.5
.7
. 1
.1
.4
.1
8 .8
*
8.8

4.6
2.6
.5
1.6
1.1
.5
*
.1
9.1
*
9.0

4.6
1.8
1.5
2.4
1.1
.7
.7
7.5
7.5

6.6
4 .9
1.3
-1.1
-1.4
.7
-.4
15.7
15.7

4.9
3 .3
-1 . 2
.5
-.1
.6
*

7.5
5.9
-4.2
.8
1.2
.8
-1.2

7,7
3. 7
-5.9
-.1
-.7
.8
- .2

5.9
3.7
2.2
.5
-.6
1.0
♦

3. 4
2 .5
-2.6
*
.3
.2
- .5

12.5
3.8

24.9

15. 9
1.4

16 . 4

24.9

1 7.3

1 7.3
7.0
24.3

6.0
6.2
12. 2

2. 7
3. 1
1.4
1.6
.5
.3
.e
—
n.l
.7
11.7

2.9
1.0
-.9
-.5
-.5
.9
-.8
—
-9.0
11.5
.2
2.7

2.1
1.8
-4.9
4.4
1.5
1.7
1*2
—
1. 6
5.5
.2
7.3

2
3
4
5
6
7
8
9
10
11
12
13

8.8
I. 5
.3
.5
3. 8
*
.5
2.2

9. 0
.4
.9
1.3
7.9
.1
-1.4
-.2

7.5
2.1
.7
.6
6.4
-. 2
-2.0
-.2

15.7
3.0
.4
.7
9.6
.1
2. 3
-.3

16.4
2.0
.8
.8
1 0.9
.1
2.0
-.3

24.9
4.6
-.3
.7
18.2
.5
1.9
-.7

17. 3
2.1
.6
.5
12. 8
-.4
1.4
.3

24.3
3.5
.8
.7
14.0
.2
4.6
.5

12.2
1.5
.9
1.2
9.3
.2
.5
-1.4

11. 7
1.0
.9
1.0
7.3
.5
1.6
-.5

2.7
3.1
.2
-1.4
4.7
-.7
-3.9
.8

7.3
. 1
I. 7
.7
2.9
♦
2.0
- .1

14
15
16
17
18
19
20
21

1 1 / 7 0 CAT A ARE B A S E D O N P R E L I M I N A R Y I N F O R M A T I O N




SUBJECT TO REVISICN.

_

-

—

-

—

-

—

-

13 AUGUST 1970
BANK CR ED IT RELATI ON SH IP

BA NK C R E D I T RE LA TI ON SH IP
R E L A T I O N OF F / F B A N K C R E D I T T O L . 4 . 3 S E A S O N A L L Y
( B I L L I O N S OF D O L L A R S )

ADJUSTED
SEAS ADJ ANNUAL RATES

SEAS ADJ ANNUAL RATES

1
2
3
4
5

TCTAL BANK CR E D I T
F/F
L.4.3
DIFFERENCE

1965

YEAR TOTALS
1967
1966
1968

1 969

1 1968
1 IV

89.5
84.0
5.5

16.8
16.1
.7

37.0
36.0
1. 0

39.2
38. 1
1.1

10 . 0
7.4
2.6

1.4
.9

.7
*

1.0
.4

l.l
.3

.5
.5

.7
.7
-

.6
.6
*

.4
-1.0
1.4

-3.6
-3. 5
-.1

.8
.6
.6
*

1969

1
1

6
7
8
9

SEASONALS
METHOD
BALANCE ADJUSTMENT
OTHER

10
11
12

U.S. G O V T . S E C U R I T I E S —
F / F , SAQR
L.4.3, S A Q R
TOTAL D I FFERENCE. SAQR

13

DEFINITION

14
15
16
17

SEASONALS
METHOD
BALANCE ADJUSTMENT
OTHER

-

*

♦ TIMING

III

IV

47.0
40.0
7.0

8.7
8.8
-.1

22.2
14.4
7, 8

♦
-2.0
2. 0

9.2
8.4
.8

2.4
-1.6
4.0

2 3 .5
17.6
5 .9

2. 6
.7

1.8
.3

*
1.5

1.9
-1.4

.5
.7

.2
-. 1

1.0
3.1

1.5
-3.2

,8
.8
*
*

1.9
1.8
.2
-.1

1.4
3.8
.4
-2.8

-1.5
-.2
-.6
-.6

3.3
3.2
- .3
.3

-.2
-2.3
.9
1.2

.2
‘ 1.0
.2
-.9

-2.2
-.9
-.8
-.4

4.6
2.5
.2
2.0

9.4
6. 1
3.3

2.8
1.8
1.0

-11.1
-9.5
-1.6

-.8
■2.5
1.7

-3.8
-4 , 1
.3

-2.7
-1.6
-Ul

-2.6
- .9
-1.7

-2. C
-2.9
.9

.7
-.6
1.3

1.8 10
3.2 11
- 1 . 4 12

-.3

3.1

.8

-1.3

.8

.5

-1.4

-uc

.6

2.6

-2.2

13

•1
.1
-

.2
.2
-

.2
.2
*
*

-.3
-.4
.2
-

.9
2.2
.2
■1.1

-.2
.3
-.3
-.1

.4
*
-.2
•2

— ,7
-2.1
.8
.3

.3
1.3
-.2
-.4

-1.3
-.5
-.6
-.1

.8
-.4
.4
.5

14
15
16
17

.6
.5
.1

.8
-.5
1.3

.2
-1.4
1.6

-. 7
-.7

1.5
1.7
— .2

2 .8 18
2.1 1 9
,7 20

-

18
19
20

CTHER SECURITIES —
F/F, S A Q R
L.4.3, SAQR
TOTAL C I F F E R E N C E

3 . 77
3.
3.77
3.
*

21

DEFINITION

2222
23
24

SEASONALS
METHOD
OTHER

28

DEFINITION ♦ TIMING

29
30
31
3322
33

SEASONALS
METHOD - 1
T HHO
O CC - 2
M EET
BALANCE ADJUSTMENT
OTHER

1.9
3.99
3.
-2.0

9.7
12.7
-3.0

9.0
10.2
-1.2

1.0
-1.4
2.4

3.8
4.5
-.7

- ,. 6

-.2

-3.0

.5
.5

-1.7
-1.7

1.8

-.7

.6

.2

1.3

-.3

-. 3

-. 1 21

-.1
-.1
*

.7
.7

*
.1
- .1

-.4
-.8
.4

1.1
1.2
- .1

.3
.9
— .5

-.4
-.6
.2

.1
-.6
.8

.8 22
.6 23
.2 24

18.5
115.
5.6
2 .9
.9

17.8
17.
17.22
.6

27.4
26.2
1.2

20.
2 0 . 11
19.3
.8

8.7
8.0
.7

5.3
5.9
-.6

7.4
6. 1
1.3

2.3
2.4
-.1

5.0
4,9
.1

-1.6
-.5
-1.1

1.3 25
- . 9 26
2.2 27

.7

.5

.3

.6

.2

.2

.4

-.1

.4

-.4

.9

- .9 28

-.4
.1
--.. 55
*
*

2.4
1.0
11.4
.4
-

..44
.1
.2
*

.6
2 .0
.0
-1.3
*
-

.5
.5
.9
2.1
-.3
-.6
*
.2
--..1 1 - 1 . 2

-1.0
.4
-.1
-.4
-.8

1.4
1.8
-.2
-.1
-.1

-.4
-U 7
•*
. 1
1.1

.5
.4
*
.4
-.2

-2.0
-.5
-. 3
-.2
-1.0

___

NOTE— SOURCE DATA SHOWN HERE INCLUDE CCC AND E X P O RT-IMPORT
BA N K L O A N P A R T I C I P A T I O N S I N O T H E R I N V E S T M E N T S F O R A L L PER I O D S .
PU B L I SHE D DA T A I N C L U D E THE M I N L O A N S B E F O R E 1 1 / 6 6 .




II

-1.0

18.4
18.1
.3

11/70 D A T A ARE B A S E D O N P R E L I M I N A R Y

-

I

*
*
~

_______ _____

TOTAL LCANS —
25
F/F, SSAA Q R
26
L . 4.3, SAQR
27
TO T A L C I F F E R E N C E

1970

11

SAAR—

D I F F E R E N C E AT Q U A R T E R L Y R A T E
DEFINITION ♦ TIMING

11
|1

I

I N F O R M A T I O N S U B J E C T TO R E V I S I O N .

Relationship to Seasonally Adjusted Bank Credit
"L.4.3" in this table is a short reference to seasonally adjusted bank
credit as published in the Federal Reserve Bulletin on page A23. Both the Flow of
Funds and L.4.3 data in this table exclude credit of nonconsolidated bank affiliates.

7, 15, 23

Difference in seasonal between L.4..3 components
adjusted individually as flows and the
seasonal in L.4.3.

8, 16, 31

Adjustments to F/F bank credit components used
in balancing seasonals in the flow-of-funds
matrix as a whole.

9

Sum of lines 17, 24, and 33.

17, 24, 33

Differences in seasonal between F/F bank credit
components and the corresponding L.4.3
components adjusted as follows. Line 33 is the
sum of differences for seven loan types.

30

Sum of seasonals for F/F loans by types less
sum of seasonals for L.4.3 loans by type.

31

Sum of seasonals for L.4.3 loans by type less
seasonal on total loans in L.4.3 adjusted
directly.

3.0
2.4
*
-.2
.9

29
30
31
32
33

13 AUGUST 1970
OTHER LOAN S

O T H E R L OANS

18

SEA S

SEAS ADJ ANNUAL RATES

ADJ A N N U A L R A T E S
1965

YEAR TOTALS
1967
1968
1966
OTHER LOANS —

1
2
3
4
5
6
7
8
9
10
11

NET I N C R E A S E IN L I A B I L I T I E S
HOUSEHOLDS
FA R M B U S I N E S S
NCNFARM NONCORP. BUSINESS
CORPORATE BUSINESS
S T A T E A ND L C C A L G O V E R N M E N T S
S P O N S O R E D CR . A G E N C I E S
BANK A F F I L I A T E S
SAVINGS INSTITUTIONS
FINANCE N.E.C.
RES T O F THE W O R L D

12
13
14
15
16
17
18
19
20
21

NET I N C R E A S E IN A S S E T S
CORPORATE BUSINESS
U.S. G O V ERNMENT
SPONSORED CREDIT AGENCIES
MONETARY AUTHORITY
COMMERCIAL BANKS
M U T U A L SVGS. B A N K S
INSURANCE
FINANCE N.E.C.
RES T O F T HE W O R L D

2
3
4
5
6
7
8
9
10
11
12
13
14
15

OPEN MARKET

PAPER-TOTAL

CIRECTLY-PLACED PAPER-TOTAL
L I A B I L I T I E S OF:
FINANCE C O M P ANIES
BANK A F F I L I A T E S
A S S E T S OF:
NONFIN. CORPORATIONS
LI F E I N S U R A N C E C O S .
COMMERCIAL BANKS
DEALER-PLACED PAPER-TOTAL
L I A B I L I T I E S OF:
NONFIN. C O R P O R A T I O N S
FINANCE COMPANIES
BANK A F F I L I A T E S
A S S E T S OF:
NONFIN. C O R P O R A T I O N S
INVESTMENT COMPANIES
COMMERCIAL BANKS

1969

I 196 8
1 IV

|1
1

1969
I

II

III

IV

I
I

1970
I

II

SECT CR T O T A L S
26 . 8
3. 4
.9
2. 4
3. 8
-.4

6.6
1.3
.6
.7
1.4
.2
-.1
-2.5
1.8
3. 0

1 2.7
1.6
.4
1 .2
3.6
.3
.2
.9
2. 5
2.0

27.2
2. 9
.8
1.9
6.2
.4
-.3
4.2
4.0
4.6
2.4

12.5
1.6
.7
.4
2 .6
.5
.4
.2
4. 6
1.6

1 7.9
2. 1
.4
2. 3
5.2
.5
-l.l
.8
2.9
2. 3
2. 4

29.0
2.7
.8
1 .0
9.0
.3

37.0
4.0
.8
2. 1
8.8
,3

25.0
3. 0
1. 1
2.1
2. 0
.5

—

—

—

.5
1.5
2.0

11.6
2.0
.4
1.8
1. 4
.6
-.2
.9
3 .4
1.2

4.2
3.1
4.6
3.4

5.0
5.3
8.9
1.8

6.9
4. 8
2. 6
2.0

8.9
4.4
2.1
1.3

7.9
1 .6
2.9
.8
-.1
.7
.1
.4
1.3
.2

11 . 6
2. 0
2. 8
1.6
♦
1.6
.1
1.5
1. 7
.3

6.6
1.5
3.8
-1.8
♦
2.4
.1
1.0
-.5
.2

12.7
4. 5
3.9
1.2
-.1
-l.l
*
l.l
2.5
.6

27.2
8.7
3. 2
4.8
*
.5
.3
3.2
5.5
1.0

12. 5
4.7
3.1
.6
-.1
.8
-.3
.2
2.1
I .4

1 7. 9
2.9
2. 9
3. 7
♦
-. 1
.5
2.5
4.7
.8

29.0
1 1.7
3.0
4 .0
*
.5
.1
2.0
6.1
1.7

37.0
13.1
3.8
5. 7
*
*
.3
4.2
8.3
1. 7

2 5. C
7.2
3.0
5.9
.1
1.6
.2
4. 2
3.0
-.2

26.8
14 . 8
2. 4
5.6
*
-.5
.7
3.9
-. 7
.5

7.9
.9
.2
1. 5
.9
.3
.1

O T H E R LOANS —
1

18

OTHER LOANS
( B I L L I O N S OF D O L L A R S )

—

16.7
1
2
3.2
.9
3
*
4
3.6
5
.3 6
7
8
4.1
9
.8
.4 10
3 . 4 11
16.7
3. 3
2.8
1.7
-.1
4.4
♦
1.8
2.0
.8

12
13
14
15
16
17
18
19
20
21

BY T Y P E

2 .1

4.4

4.0

1

1 2.2

4.9

8.2

1 2.7

17. 1

10.6

15.9

6. 7

I

1.3

3. 0

1 .4

1.7

6. 5

5.1

2 .6

5.8

10. 3

7.4

11.2

5 .9

2

1.3

3. C
-

1.4
-

1.7

3.5
3. 0

5.1
-

2.2
.4

3.7
2.2

6.7
3. 6

1.6
5. 8

2.3
8.9

1 .0
4.9

3
4

1.3
-.1
.1

1. 9
.1
1.1

.3
.1
1.1

3. 1
-.1
-1.4

5.9
.7
-.1

4.7
-.8
1.2

2.3
.9
-.7

6. 9
-.5
-.6

9.2
.8
.3

5. 1
1.7
.5

10. 7
1 .0
-.5

5.6
- 1.2
1.5

5
6
7

.3

1.2

1.8

2.3

4.6

-.2

5.2

5.4

5 .3

2.5

4.9

-.8

8

5.1
-.2
♦

.5 9
- . 6 10
- . 7 11

.2
.1

.8
.4
-

1.4
.4

1.5
.8

2.3
1.1
1.2

.2
-.4
-

4. 6
.2
.4

2.5
1.0
2.0

1 .6
2.2
1. 4

.5
1.0
1. 0

.3
-. 1
.1

.1
.5
.5

1.2
*
.7

1.3
.3
.7

2.8
1.2
.6

.1
-1.0
.8

.6
3.8
.8

4. 9
-.4
1.0

3.8
1.3
.2

2. 1
.2
.3

4.1
-.1
.9

- 2 . 3 12
- . 2 13
1.7 14

.5

.2

.7

.1

1.0

.4

1.4

1.6

.7

-.1

1.7 15

*

.4
.1
*
*

-.1
.3
.1
.1

.5
.2
.1
.1

-.2
.3
.1
.1

.3
.7
.4
.4

.4
-.4
-.2
-.2

-.3
.7
.4
.4

1.2
.2
.1
.1

- .4
2.0
1.0
1.0

.8
-.1
*
*

-.5
.4
.2
.2

1.5
.2
.1
.1

16
17
18
19

20
21
22
23

BANKERS’ ACCEPTANCES-TOTAL
L I A B I L I T I E S OF:
REST OF THE WORLD
NONFIN. BUSINESS
NONCORPORATE
CORPORATE
A S S E T S OF:
A G E N C I E S O F FGN . B A N K S
RE S T OF T H E W O R L D
FEDERAL RESERVE
COMMERCIAL BANKS

.2
-.1
.4

*
.3
♦
♦

-. 1
.2
*
.7

_
.6
-.1
-.4

_
1 .0
♦
*

-.1
1.4
-.1
-1.2

-.1
.8
*
-.2

- .3
1.7
*
*

.4
1.7
*
-.5

*
-.2
.1
.8

.3
.5
*
-.8

-.3
.8
-.1
1.2

20
21
22
23

24
25
26

F I N A N C E CO. L O A N S TO B U S I N E S S
L IABIL I T Y - N O N C O R P . BUS .
C ORP. BUS.

1.4
.9
.5

1.2
I. 1
*

-.4
-.1
-.3

2.2
.5
1.8

4.3
.8
3.5

3.2
.7
2. 4

1.0
1.0
*

6.8
.5
6. 3

6.7
.5
6.1

2.7
1.3
1.5

-.8
.9
-1.7

2 . 5 24
- . 4 25
2. 8 26

27

2.9

2.7

3.7

3.9

3.2

3.1

2.9

3.0

3.8

2.9

2.4

2.7 27

31
32
33
34

U.S. GOVT. LOANS
L I A B I L I T I E S OF:
HOUSEHOLDS
FARM eu SI N E S S
N O N F A R M N O N C O R P . BUS.
CORPORATE BUSINESS
STATE ♦ LOCAL GOVTS.
SPONSORED CR.AGENCIES
REST OF THE WORLO

.2
.1
.4
.2
.3
.1
1.6

.5
*
.2
.4
.6
-.2
1.3

.3
.2
.4
.2
.2
-. 1
2.6

.4
.2
.4
.2
.3
.2
2.2

.4
.2
.3
.1
.4
-.3
2.1

.5
.4
*
.1
.5
.4
1.2

.5
- .2
.3
.1
.5
-l.l
2.7

.1
.1
.1
.1
.3

-

.5
.4
.4
*
.3

-

2. 2

2.2

.4
.3
.4
.1
.5
1.2

.5
-.1
.4
.2
-.4
1.8

.1
.1
.2
.2
.3
1 .9

28
29
30
31
32
33
34

35
36
37
38

SPONSORED CREDIT AGENCY LOANS
NONFARM NONCORP. BUS.(BC)
F A R M B U S I N E S S (FIC B )
SVGS. ♦ LOAN ASSNS. (FHLB)

.8
.1
.1
.5

1.6
.2
.4
.9

-1.8
.2
.5
-2.5

1.2
.1
.2
.9

4.8
.2
.6
4.0

.6
.1
.3
.2

3. 7
.2
.6
2. 9

4.0
.2
.7
3.1

5. 7
-.1
.4
5.3

5.9
.3
.8
4.8

5.6
.3
1.0
4.4

1.7
.1
.7
.8

35
36
37
38

39
40
41

POLICY L CANS (HSHOLC LIAB.)
ASSETS - U.S. GOVT.
L I F E INS U R . C O S .

.5
*
.5

1.5
.1
1.4

1.0
.1
.9

1.3
*
1.2

2.5
*
2. 5

l.l
*
1.0

1.6
* ■
1.6

2. 5
*
2.5

3.4
*
3.4

2.6
.1
2.5

3 .0
.1
2.9

3.1 39
.1 40
3. 1 41

-.3

.5

.1

.3

.2

.7

*

42

-

_

_

_

_

43

16
17
18
19

28
29
30

42

M U T U A L SVGS. B A N K S L O A N S TO
NCNCORP. BUSINESS

.1

.1

.1

♦

.3

43

H Y P O T HECATED DEP O S I T S (HSHOLDS LIAB.)
ASSET-COMM ERCIAL BANKS
.1

.1

_

_

-

11/70 DATA ARE BASED ON PR EL IM IN AR Y IN FORMATION SUBJECT TO REVISION.




-

_

13 AUGUST 1970
SECU RI TY CREDIT,

SECU RI TY CREDIT,

TRADE CREDIT, AND TAXES

19

S ECURITY CREDIT, TRADE CREDIT, AND TAXES
( B I L L I O N S OF D O L L A R S )

SEAS

ACJ A N N U A L R A T E S
YEAR TOTALS
1966
1967
1968
SECURITY

5
6
7
8
9
10
11
12
13
14
15

NET C H A N G E IN L I A B I L I T I E S
CUSTOMERS
SECURITY L O ANS FROM BANKS
CUSTOMER OEBIT BALANCES
BROKERS +
SECURITY
F R O M AG.
CUSTOMER

19

SEAS ADJ A N N U A L RATES
1965

1
2
3
4

TRADE CREDIT, AND TAXES

PAYABLE

DEALERS
L O A N S FROM BANKS
OF F G N . BANKS
CREDIT BALANCES

NET C H A N G E IN A S S E T S
HOUSEHOLDS
FOREIGN
CCMMERCIAL BANKING
FINANCE N.E.C.
BR O K E R S A N D D E A L E R S
AG. OF FGN. B A N K S

1969

I 1968
|1 IV

|
1

1969
I

II

III

IV

I
1

1970
I

II

CREDIT

-.1
-.2
.3
-. 5

.4
-.2
♦
-.2

5.6
3.5
.6
2.8

4.4
2.3
.3
2.0

-4.8
-2.6
*
-2.6

3. 4
5.9
1.2
4.7

-14.1
-4.7
1.8
-6.5

.6
- 1.1
-.7
-.5

-10.0
- 5. 5
-.3
-5.2

4.2
.8
-1. C
1.8

-9.0
-6.8
-2.0
-4. 8

-11.7
-4.2
.5
-4. 7

1
2
3
4

.1
.2
*
♦

.6
.6
.1
*

2.1
.9
1.2

2.0
1.0
1.0

-2.2
-1.2
-1.0

-2.5
-5.4
.3
2.6

-9.4
-7.7
.2
-1.9

1.8
2 .8
-.2
-.9

-4.5
-2.3
*
-2.2

3.4
2.4
1.0

-2.2
l.l
-1.7
-1.6

-7.5
-5.4
-.2
-1.9

5
6
7
8

-.1
-. 1
*
.5

.4
♦
♦
.5

5 .6
1.1
.1
1.5

4.4
.7
.3
1.3

-4.8
-. 8
-. 2
-1.2

3. 4
1 .9
.7
-4.2

-14. 1
-1.5
-.3
-5.9

.6
-1.0
.1
2.2

-10.0
-1.8
-.4
-2.6

4.2
l.l
-. 1
1.4

-9.0
- 1.3
-.3
-.9

-11. 7 9
-1 . 9 10
* 11
- 4 . 9 12

-.5
-.5
♦

-. 1
-.2
.1

2.8
2.8
-

2.0
2.0
-

-2.6
-2.6
-

5.0
4. 7
.3

-6.3
-6.5
.2

-.6
-.5
-.2

-5.2
-5.2
*

1.8
1.8
-

-6.5
-4.8
-1.7

- 4 . 9 13
- 4 . 7 14
- . 2 15

TRADE CREDIT
1
2
3
4

NET C H A N G E IN L I A B I L I T I E S
HOUSEHOLDS
FARM BUSINESS
NONFARM NONCORP. BUSINESS
(PAYABLES LESS RECEIVABLES)

4.7
.3
.3
-.5

9.3
.3
.9
-1.3

6.0
.4
.8
.6

8.4
.4
.8
.4

12.3
.4
.4
♦

9.8
.4
1.2
.8

9.6
.4
.5
-. 9

15.1
.4
*
.4

14.5
.4
.4
.6

10. 0
.4
.5
.4

12.2
.4
1.2
.2

10.5
.4
.5
.6

I
2
3
4

5
6
7
8

CORPORATE BUSINESS
S T A T E AND L O C A L G O V E R N M E N T S
U.S . G O V E R N M E N T
FOREIGN

3. 6
.3
-.2
.9

7. 8
.5
.7
.5

2.6
.5
.6
.6

5.7
.5
*
.7

10.9
.5
-.3
.4

5.6
.5
1.3
*

8. 5
.5
-l. l
1.7

14.5
.5
-.3
-.5

13.2
.5
- .4
-.2

7.0
.5
.5
.7

10.3
.5
-.5
*

7.4
.5
.4
.6

5
6
7
8

8.5
8.1
.2
.2
.1

13.3
1 1.3
1.2
.2
.5

10.9
8.8
1.5
.3
.4

16 . 6
14.8
.6
.3
.9

19.5
17.3
.9
.3
1.0

20.4
18.6
.4
.3
1.0

20.9
18.3
1.7
.3
.5

20.1
1 8.2
1.4
.3
.1

21.1
18.5
l.l
.3
1.3

15. 8
14. 1
-.5
.3
1.9

17.4
17.7
-.7
.3

15.7
15. 9
-1. 0
.3
.5

9
10
11
12
13

-3. 9

-3.9

-4.9

-8.2

-7.2

-10.6

-11.3

- 5 .0

-6 . 7

-5. 9

-5.2

-5.2

14

2.1
2.9
*
-. 8
*
*
*
.1

5.7
5 .6
*
*
*
*
♦
.2
-.1

-3.3
-3.9
*
.6
♦
-. 1
.1
*

1.4
.8
*
.3
*
.2
*
*
.1

c
.5
.1
-.1
♦
.1
#
♦
*

2.7
1.5
-. 1
.9
*
.1
.3
.1
-.2

.3
.1
*
-.1
.1
.3
-. 1
*
*

I
2
3
4
5
6
7
8
9

.9
.8
.1

4. 2
4. 2
~

-4.5
-4.5
*

.3
.3
.1

.2
.2
-.1

1 .8
1.8
♦

-.2 10
-.2 11
* 12

1.3

1.6

1.2

l. C

.4

.9

.5 13

9
10
11
12
13

N ET C H A N G E IN A S S E T S
CORPORATE BUSINESS
U. S . G O V E R N M E N T
INSURANCE
FOREIGN

14

D I S C R E P A N C Y ( 1-9)

PROFIT TAX E S

.1
*
*
*

3.5
3.7
-.2
*
.1
-.1
♦
.1

1.1
.8
*
.2
*
♦
*
*
*

1.3
1.1
.2

-.5
-. 7
.2

-4.4
—4. 4
*

2.6
2 .4
.1

*
*
-

-.1

.7

.3

1.0

1.1

1.2
.5
.5
.2
♦
.1
-.1
-.1
♦

10
11
12

TO T A L T A X E S R E C E I V A B L E
U. S. G O V E R N M E N T
STATE + LOCAL GOVTS.

13

UNALLOCATED

.2
.2
*
*
*

PROPRIETORS' EQUITY
I

TCTAL HOUSEHOLC

2
3

NCNFARM NONCORPORATE BUSINESS
FAR M B U S I N E S S

INVESTMENT

IN N O N C O R P O R A T E B U S I N E S S

-3.2

-4. 1

-4.6

-3.2

-4.8

-2.8

-5.3

-4.5

-4.7

-4. 5

-3.5

-3.5

-.7
-2.4

-.4
-3.6

-1.8
-2.8

.2
-3.4

-.6
-4 . 1

.7
-3.5

-l.l
-4.3

-.5
-4.0

-.4
-4. 3

-.5
-4. 0

.4
-3.9

.9
-4.5

11/70 DATA ARE BASED ON P R EL IM IN AR Y INFORMATION SUBJECT TO REVISION.




PAYABLE

-4. 1
-4.1
*
*
*
-.1
*
*
*

TCTAL TAXES PAYABLE
NONFINANCIAL COR P O R A T I O N S
FEDERAL RESERVE
COMMERCIAL BANKS
SVG. + L O A N A S S N S .
LIFE INSURANCE COMPANIES
OTHER INSURANCE COMPANIES
FINANCE COMPANIES
BROKERS ♦ DEALERS

1
2
3
4
5
6
7
8
9

*

13 AUGUST 1970
MISCEL LA NE OU S I

MISCELLANEOUS I

20
SEAS

MISCELLANEOUS FINANCIAL CLAIMS
( B I L L I O N S OF D O L L A R S )
ADJ A N N U A L R A T E S

20

S E A S AD J A N N U A L R A T E S
1965

YEAR TOTALS
19 6 6
1967
1968

1969

I 1968
1 IV

I
1

196 9
I

II

III

IV

I
1

1970
I

II

1
2
3
4
5
6
7
8
9
10
U
12
13

TOTAL LIABILITIES
HOUSEHOLDS
CORPORATE BUSINESS
U.S. G O V E R N M E N T
SPONSOREC CR. AGENCIES
MONETARY AUTHORITIES
COMMERCIAL BANKS
BANK A F F I L I A T E S
SAVINGS INSTITUTIONS
LIFE INSURANCE C O M P A N I E S
NONLIFE INSURANCE COMPANIES
FINANCE N.E.C.
RES T OF THE W O R L D

10.9
.2
3.5
-.3
.3
.1
1.7
.3
.8
1.3
.7
2.5

1 8.3
.4
6.5
-.9
.4
-. 1
5.0
.3
1.2
1.8
.5
3. 3

16.5
.3
5.2
-.4
.5
*
2.9
.5
1.8
2.1
.8
2.8

24.1
.4
6.9
.5
-.3
.2
1 0.5
.3
1. 5
2 .4
.4
1.1

34.9
.3
6.5
.4
.4
.4
16.6
.9
.6
1.8
2.7
1.7
2. 5

22.6
.4
5.7
.5
-1. 3
-.2
13.7
-1.5
1.7
2.5
.4
.6

42.4
.4
5. 0
.1
.3
-.7
26.6
1.6
1.2
1.8
2 .7
.9
2.5

48.6
.4
6.5
1.0
- .6
-2.3
28.2
3.5
1.4
1.9
2. 7
1.6
4.4

38.7
.3
6. 7
-.3
I. 1
3.5
16.0
1.5
-.7
1.8
2.8
2. 3
3. 8

11.2
.3
7.4
.9
.6
1.0
-2.2
-3.0
.3
1.9
2.9
2.2
-.9

24.5
.3
15.2
-.6
1.4
.5
-5.5
.3
.7
2.0
3. 0
-.4
7.7

24.4
.3
7.7
-. 3
.4
.3
2.5
1.3
1.8
1.8
3.0
1.5
4 .0

I
2
3
4
5
6
7
8
9
10
11
12
13

14
15
16
17
18
19
20.
21
22
23
24
25
26
27

TOTAL A S S E T S
H O U S E H O L CS
FARM BUSINESS
NONFARM NONCORP OR AT E BUSINE
CORPORATE BUSINESS
S P O N S O R E D CR . A G E N C I E S
U.S. G O V E R N M E N T
.
C C M M E R C I A L BANK IN G —
SAVINGS INSTITUTIONS
LIFE INSURANCE COMPANIES
PRIVATE PENSION FUNDS
S .+ L. GOV T . R T R . F U N D S
RES T OF T HE W O R L D
BA N K S IN T E R R . A N D P O S S .

6.6
.9
.2
.3
2. 2
*
*
.6
.9
.3
.3
.1
.8
.2

10 . 9
1.2
.2
.4
1.0
.1
.4
1.4
1.0
.2
.6
.1
4.2
.1

11.2
1 .7
.3
.4
3.8
*
-. 1
1.2
1.0
.9
.8
.1
1.1
.1

9.1
1.8
.3
.5
.1
*
-.3
I .9
-. 1
.6
.2
.1
3.9
.1

16. 5
2.1
.3
.5
3.4
.3
.1
2. 3
-.3
.5
.1
.1
7.0
.3

10 . 4
1.9
.5
.5
4.6
-.1
-.6
2.4
.1
.6
.1
.1
.4
.1

19.6
2.0
.3
.5
1.4
.3
-1.0
*
.5
.5
-.2
.1
15. 1
.2

29.9
2 .0
.3
.5
6.2
.3
.6
4.0
-1.2
.5
-.1
.1
16.2
.4

15. 7
2. 1
.3
.5
5.3
.3
.5
1.5
-.1
.4
.4
.1
4.0
.4

.7
2.2
.3
.5
.7
.2
.3
3. 3
-.5
.5
.3
.1
-7.4
.3

12. 6
2.3
.3
.5
8.3
.6
.2
.2
1.9
.5
*
.1
-2.4
.1

18.3
2.3
.3
.5
4.3
.7
.4
3 .7
2.1
.5
*
.1
3. 3
*

14
15
16
17
18
19
20
21
22
23
24
25
26
27

28

UNALLOCATED,

4.3

7.4

5.3

15.0

18.3

12.2

22.8

18.7

23.0

10.5

12.0

6 .1 28

2.7

.2

1.8

7. 0

-4.3

1 4.3

14 . 5

4.4

-5.3

-2.7

1.4 2 9

.5

.2

1.1

.2

.4

.8

1.5

1.6

-. 7

1.3 30

.2
-. 1
.3
♦

-.1
*
-.2
*

.1
.2
-.1
*

*
*
-.1
.1

♦
-. 1
-. 1
.2

-1.2
-.3
-.9
-. 1

l.l
.8
.4
-.1

.1
-.3
.2
.2

*
-.2
♦
.2

- .3
.2
-.1
-.4

-. 2

-.1

3.0

2.7

.9

2. 0

-.7

2.2

3.8

2. 5

-.4

7. 3

3.5 36

.1

.3

.3

.7

.2

.9

.7

.6

.8

1.9

1.1 37

.1

.1

.2

.1

.1

.2

.2

.2

.3

.2 38

NET

(A) C E P O S I T S
29

C C M L . BANK L I A 6 . TO FGN. B R A N C H E S
A S S E T - R E S T OF THE W O R L D

30

DEP. AT A G . O F F G N . B A N K S ( F I N A N C E N . E . C .
ASSET- R E S T OF THE WORLD
.5

31
32
33
34

FCREIGN CURRENCY EXCEPT OFFICIAL
L I A B I L IT Y - R E S T OF T H E W O R L D
ASSETCORPORATE BUSINESS
U.S . G O V T .
COMMERCIAL BANKS

35

P O S T A L S A V I N G S DE POSI T S (U. S. GO VT . L I A B . )
ASS E T - H O U S E H O L D S
-.1
(B)

-1

*
*
*
*

37
38

U . S . G C V T . E Q U I T Y IN IBRD, E T C .
L I A B I L I T Y - R E S T O F THE W O R L D

39

D E P O S I T S AT FH L B ( S. + L . A S S N S .
LIABILITY-SPONSORED CR.AGS.

40
41
42
43
44
*5

31
32
33
34
35

E Q U I T I E S IN U . S . G . C R . A G E N C I E S
U.S.GOVERNMENT
PRIVATE
NO N FARM N O N C O R P . ( BC )
F A R M BUS. ( F I C B + F L B )
S V GS.+ LOAN ASSNS.(FH.B)
C O R P O R A T E B U S . (FNMA)

.1
ASSET)
*

.4

*

*
-.1

.3
.1

.1
*

-.2
-.3

*
♦
.1
♦

*
*
.1
*

*
*
♦
*

#

*
.1
*
♦

11/70 DATA ARE BASED ON P R EL IM IN AR Y INFORMATION SUBJECT TO REVISION.
1/

.4
.1
.2
.1

EQUITIES

D I R E C T FGN. I N V E S T M E N T BY U . S . C O R P .
2. 3
LIAB. - R E S T OF THE WORLD
D I R E C T I N V E S T M E N T IN U . S .
*
AS S E T - R E S T OF THE WORLD

36

LI A B . )
.2

Banks plus affiliates.




-.4
.2
"
*
.1
.1
.1

*

*

-.5

-.7

-.3

-.1

.6 39

-.3
-.6

.1
-. 1

.2
*

.2
.1

.4
.1

.5

.3 40
41

*
.2
*
*

♦
*
.2
*

*
.1
*
*

♦
*
♦
.1

*
*
.1
.1

*
*
.3
.1

*
.1
.1
.1

42
43
44
45

13 AUGUST 1970
MI S C E L L A N E O U S II

MI SCELL ANEOUS II

21
SEAS

M I S C E L L A N E O U S F IN A N C IAL C L A I M S ( C O N T I N U E O )
(BILLIONS OF DOLLARS)
AOJ A N N U A L

RATES

SEAS A DJ A N N U A L RATES
1965

(C)

LIFE

1
2
3
4

L IFE C O M P A N Y R E S E R V E S ( H O U S E H O L D S A S S E T )
LIABILITYLIFE INSURANCE
.4
ACCIDENT AND HEALTH
.1
POLICY DIVIDEND ACCUM.
.3
(D) N O N L I F E

UNALLOCATED

NET TOTAL

YEAR TOTALS
1967
1968

1969

| 1968
I IV

|
I

1969
I

II

III

IV

|
|

1970
I

II

INS. A S S E T )
.2
.4

.3

.4

.3

.4

.4

.4

.3

.3

.3

.3

1

.7
.2
.5

1.0
.5
.5

.9
.3
.5

.9
.3
.6

.9
.3
.5

.9
.3
.5

.9
.3
.6

.9
.3
.6

.9
.3
.6

.9
.3
*6

.9
.3
.6

2
3
4

1.8
.6
.4
.2
.7

2.1
.7
.4
.2
.8

2.4
.8
.5
.2
.9

2. 7
.8
.5
.2
1.2

2.5
.8
.5
.2
1.0

2. 7
.8
.5
.2
1.1

2.7
.8
.5
.2
1.1

2.8
.8
.5
.2
1.3

2.9
.8
.5
•2
1.3

3. 0
.9
.5
.2
1.4

3.0
.9
.5
.2
1.4

5
6
7
8
9

INSURANCE CLAIMS

LIABILITY - OTHER INSURANCE
ASSETCORPORATE BUSINESS
NONFARM NONCORP. BU
FAR M B U S I N E S S
HOUSEHOLDS
(E)

10

1966

INSURANCE CLAIMS

D EFERRED AND U N P A I D P R E M I U M S (LIFE
LIABILITY - HOUSEHOLDS

5
6
7
8
9

21

1.3
.3
.2
.2
.5

ASSETS AND LIABILITIES

(LIAB. - ASSETS)

4. 3

7. 4

5.3

15.0

18.3

12.2

22.8

18.7

23. 0

10.5

12.0

6.1

10

11
12
13
14
15
16
17
18
19
20
21
22

TOTAL LIABILITIES
CORPORATE BUSINESS
U . S . G OVT.
U.S . GO V T . - W I T H O U T L E V E L S
SPONSORED CR.AGENCIES
SAVINGS INSTITUTIONS
LI F E I N S U R A N C E
B A N K S IN T E R R . A N D P O S S .
REST OF THE WORLD
MONETARY AUTHORITIES
BANK AFFIL I A T E S
COMMERCIAL BANKS

6.0
3.5
-.1
-. 2
.2
.3
.4
.1
.1
.1

9.3
6.4
-.2
-.6
.1
.3
.5
.3
.1
-.1

9.1
4.9
-.1
-.2
*
.5
.8
.3
.1
*

17.2
6. 6

-

_

1.6

1.3

2.0

3.3

20.0
5 .7
-. 2
.7
.5
.6
.9
.7
.2
.4
.9
4.2

23.7
5.6
.5
-.9
-1.5
.8
.2
1.3
-.2
6.3

22.2
4.1
-.1
.2
.6
1.2
.9
•6
1.5
-.7
1.6
1.5

24.0
5. 8
-.5
1.6
- .1
1.4
1. 0
.8
-.8
-2.3
3.5
.2

25.5
6.1
-.2
-.1
1.2
- .7
.9
.8
1. 0
3.5
1.5
1 0. 1

9. 8
6* 6
*
.9
.2
.3
1.0
.6
-.7
1.0
-3.0
5. 1

14. 3
13.4
-2.4
1.8
1.0
.7
1.1
.4
.3
.5
.3
-7.9

11.4
6.6
-.3
-.5
U 8
.9
.2
-.1
.3
1.3
4.8

11
12
13
14
15
16
17
18
19
20
21
22

23
24
25
26

F L O A T S IN C O M L . B A N K S T M N
ON I N T E R B A N K D E P O S I T S
ON I N T E R B A N K L O A N S
LESS - O N M.B. R E S E R V E S

*
-.5
.3
-.2

1 .0
.7
*
-.3

.6
.5
.2
*

5.5
.9
4.7
.1

5.4
.4
5.2
.2

11.7
3. 5
7.8
-.5

10. 8
.9
9.9
.1

13.5
3. 3
2.9
-7.4

1.4
-3.8
12.1
6.9

-2.1
.8
-I. 8
U1

5,0
4.3
-.4
-1.2

-3.7
-4.9
-2.0
-3.3

23
24
25
26

1.7
-.4
♦
.6
.7
.2
.3
.1
.2
.1

1.8
-2.5
.1
1.4
.9
-.1
.6
.1
.1
1.3

3.8
.4
*
1.2
.6
.6
.8
.1
.1
.1

2. 2
-1.9
*
1.9
-.1
.3
.2
.1
.1
1.6

1.7
.4
.3
2. 2
*
.1
.1
.1
.3
-1.8

11.5
4.6
-.1
2.1
.1
.2
.1
.1
.1
4.3

-.6
-1.5
.3
.1
.8
.2
-.2
.1
.2
-.5

5.4
.7
.3
4.1
-.6
.2
-.1
.1
.4
.2

2. 5
2.2
.3
1.3
.2
.1
.4
.1
.4
- 2. 4

-.8
.3
.2
3.1
-.6
.2
.3
.1
.3
-4.6

2,3
-.2
.6
.7
1.7
.2
*
.1
.1
-.8

5.3
-.2
.7
3.6
1.4
.2
*
.1
*
-.5

27
28
29
30
31
32
33
34
35
36

27
28
29
30
31
32
33
34
35
36

TOTAL ASSETS
CORPORATE BUSINESS
S P O N S O R E D CR. A G E N C I E S
COMMERCIAL BANKING
SAVINGS INSTITUTIONS
LIFE INSURANCE
PRIVATE PENSION FUNDS
S .+ L . G O V T . R T R . F U N D S
B A N K S IN T E R R . A N D P O S S .
R E S T OF THE W O R L O

-

C O M P O N E N T S OF
1 SOURCES N.E.C.
2
MISC. FINAN. L I A BILITIES
3
COMMERCIAL BANKS
4
FLOATS
5
UNALLOCATED
6
BANK AFFILIATES
7
M O N E T A R Y A UTH.
8
SPONSORED AGENCIES

_

.5
-.1
.3
.7
.2
♦
.2

"SOURCES

N . E . C . " IN S U M M A R Y T A B L E

5 .3
5.0
1. 6
♦
1. 6

3.8
6. 4
2. 3
1. 0
1.3

5. 6
8.4
2.7
.6
2.0

13.2
13.3
8.7
5.5
3.3

.1
.3

-.1
.4

*
.5

-

-

-

.2
-.3

15.7
18.1
9.6
5.4
4.2
.9
.4
.4

14.4
19.6
18.0
11. 7
6 .3
-.2
-1.3

14. 8
20. 1
12.3
10. 8
1.5
1.6
-.7
.3

23.4
21.9
1 3.7
13 .5
.2
3.5
-2.3
-.6

17.6
23.8
11.5
1.4
10. 1
1.5
3.5
1.1

9.4
8.8
3.0
-2.1
5.1
-3.0
i.O
.6

*
4.7
-2.8
5.0
-7.9
.3
.5
1.4

7.4
11.3
1.2
-3.7
4.8
1.3
.3
.4

I
2
3
4
5
6
7
8

_

9
10
11
12
13

S V GS+LOAN ASSNS.
MU T . SVGS. B A N K S
INSURANCE
AGENCIES OF FGN BANKS
B A N K S IN T E R R . * P O S S .

.2
*
2.1
.5
.1

.3
*
3.0
.2
.3

.3
.1
3.9
.5
.3

.1
.2
3.9
.2
.2

.3
.2
4.6
1.1
.7

-1.7
.2
4. 2
.2
.2

1.1
.1
4.4
.4
.6

.9
.5
4.5
.8
.8

- .6
-.1
4.6
1.5
.8

*
.3
4.0
1.6
,6

.5
.2
4.9
-.7
.4

1.2
.6
4.9
1.3
.2

9
10
11
12
13

14
15
16
17

-MISC. FINANCIAL ASSETS
SPONSORED AGENCIES
COMMERCIAL BANKING
FINANCE N.E.C.

2.3
*
.6
1.7

3.5
.1
1.4
2.0

4.1
*
1.2
2. 9

2.8
*
1.9
.9

3.2
.3
2.3
.7

3.2
-.1
2.4
1.0

1.4
.3
♦
l.l

4.0
.3
4.0
-.2

3.0
.3
1 .5
1.2

4.2
.2
3.3
.7

3.4
.6
.2
2.6

7.2
.7
3.7
2.8

14
15
16
17

18
19
20
21
22
23

GROSS SAVING
TAXES PAYABLE
- PHYSICAL INVESTMENT
- G O L C £ O F F FGN EXCHANGE
-TREASURY CURRENCY
-TRADE CREDIT
- D I S C R E P A N C Y T O T A L FOR A L L
FINANCIAL SECTORS

2.8
.7
.9
*
-.2
.2

4.1
*
1.0
-.3
.7
.2

3.7
♦
1.0
-.5
.5
.3

2.9
-. 2
1.3
-1.2
.2
.3

2.9
.3
1.4
-. 1
*
.3

2 .6
-.8
1.2
3. 1
.3
.3

.4
.1
1.4
*
.1
.3

3. 6
.6
1.4
-.9
-.4
.3

3.3
.5
1.4
2.0
.2
.3

4.3
*
1. 5
-1.5
.3
•3

3.0
1.2
1.5
.8
1.9
.3

3.9
.2
1.5
-2.0
.4
.3

18
19
20
21
22
23

.1

1.6

1.1

-.7

.8

-1.1

2 .7

-1.8

3. 1

-1.0

.9

24

11/70 DATA ARE BASE D ON PR E L I M I N A R Y INFORMATION SUBJECT TO REVISI




.4 2 4

13 A U G U S T 1970
TOTAL CLAIMS

TOTAL CLAIMS

22

TOTAL FINANCIAL ASSETS AND LIAB IL IT IE S
(BILLIONS OF D O L L A R S )

SEAS

ADJ A N N U A L

RATES

22

_
YEAR TOTALS
1966
1967
1968

1965

1969

SEAS A0J
I 1968
I IV

I
I

1969
I

II

III

IV

I
I

1970
I

II

10
11
12
13
14
15
16
17
18
19
20
21
22

F U N D S R A I S E C IN C R E D I T M A R K E T S B Y —
66.9
NCNFINANCIAL SECTORS
6.4
FEDERAL GOV E R N M E N T
4.9
FOREIGN
55.5
PRIVATE DOMESTIC
27.9
HOUSEHOLDS
2.6
FARM BUSINESS
5.4
N O N F A R M N O N C O R P . BUS .
13.7
C O R P O R A T E N O N F I N . BUS.
6.0
STATE + LOCAL GOVTS.
7. 2
FINANCIAL SECTORS
.4
S P O N S O R E D CR. A G E N C I E S
.3
SA VINGS AND L O A N ASSNS.
4. 1
FINANCE C O M P ANIES
1.9
INVESTMENT COMPANIES
.6
COMMERCIAL BANKS
BANK A F F ILIATES
EQUALS— TOTAL FUNDS R A I S E O AND ADV A N C E D
74.1
IN C R E D I T M A R K E T S
NET A C Q U I S I T I O N S BY: P R I V A T E D O M E S T I C
NONFINANCIAL SECTORS
6. 9
4.0
HOUSEHOLDS
.4
NONFARM NONCORP. BUSINESS
1.6
NONFINANCIAL C O R P O R A T E BUS.
.9
S T A T E «- LO C A L G O V T S .

23 U.S .

GOVERNMENT

24 F I N A N C I A L I N S T I T U T I O N S
SPONSORED CREDIT AGENCIES
25
FEDERAL RESERVE SYSTEM
26
27
C O M MERCIAL BANKS
BANK A F F I L I A T E S
28

68. 5
3. 5
1.5
63.4
23.2
3. 5
5. 5
24.9
6.4

82.6
13.0
4. 1
65.5
19.7
3.5
5.0
29.4
7.9

97 .4
1 3.4
3.0
81.1
31.8
2.9
5.2
31.0
10.2

88.2
-3.6
3 .5
88 . 3
31.6
3. 6
6 .4
37. 8
8.9

95.5
-5.4
2.9
98.0
34.9
2. 2
5.8
40.7
14.3

88.9
-5.3
4.2
90.0
3 2.2
3.2
6.2
37 . 6
1 0.8

88.8
-13.3
5.5
96.6
34.6
3.8
5 .8
42.3
10.1

93.4
3.7
2.4
87.3
31.3
3.7
7.3
38.0
7.0

8 2.2
.4
2.1
79.7
28.6
3.5
♦ 6. 5
33.4
7. 7

79.7
3. 5
2.9
73.3
24. 7
2.6
4.0
33.2
8.8

10 5.1
1 6.6
3 .6
85.0
2 1.2
3. 7
4. 6
44.2
1 1.3

I
2
3
4
5
6
7
8
9

1 1.5
4. 8
.1
2.8
3. 7
.1
-

1.3
-. 6
-1.7
.9
2.6
.2
-

15.0
3.5
1.1
5.5
4.7
.2
-

31.1
8.8
4.1
8.2
5. 6
.1
4. 2

16.0
2.5
1.3
7.4
4.9
. -.1
-

20.9
4.1
3.2
5. 1
7.6
.1
.8

31.7
7.5
3 .6
11.4
4.7
.3
4.2

37.9
10.9
5.1
10.8
6. 1
*
5.0

33.7
12.6
4.6
5. 5
4.2
1
6.9

28.0
14 . 7
2.5
-.6
2.3
.2
8. 9

17.6
5.6
.8
4. 3
2. 8
~
4. 1

10
11
12
13
14
15
16

11 2 . 5

119.3

111.5

109 . 8

120.5

131.4

115.8

107.7

-.7
-1.3
.5
-l.l
1.2

15.1
5.4
.7
8.3
.7

37.4
18.8
.5
10.8
7.2

10.3
2. 9
.6
5. 8
.9

42.0
22.2
.2
13.1
6. 5

21.6
5.0
.5
12.1
4.1

49.4
32.3
1.3
10 . 9
4.9

36.4
16.0
.3
6. 8
13 . 4

33.7
19. 4
*
11. 0
3.2

80 . 0

00

I
2
3
4
5
6
7
8
9

o

T O T A L F U N D S R A I S E D A N D A D V A N C E D IN C R E D I T M A R K E T S

I 8. 9
11.9
.5
3.1
3.4

1 2 2 . 7 17
2 8.6
25. 7
.4
1.7
.9

18
19
20
21
22

3 . 4 23

2.8

4.9

4. 6

5.2

2.6

2.9

2.3

1.6

3.7

2.8

.2.6

63. 9
.7
3. 4
21.9

5 8. C
5. 1
3. 5
16. 2

77.3
1
4.8
35.5
~

89 .8
3.2
3 .7
38.0
~

77. 3
8.9
4.2
11. 1
3.8

89.1
1.7
-2.9
51.2
~

67 .1
3.9
3.1
14.6
1.4

96.0
7.1
5.0
20.0
7.0

72.2
10 . 7
-.4
2.5
6.2

74. 5
13. 1
9.2
7.8
.7

64. 4
15.6
1.3
3.2
11.5

89.0
6.0
5. 8
28.4
5.5

24
25
26
27
28

29
30
31
32

PVT. N O N B A N K F I N A N C E
MUTUAL SVGS. BANKS
SVGS. + LOAN A S S O C IATIONS
CREDIT UNIONS

37.9
4.4
11.0
.9

33.2
2. 7
4.2
1.0

37.1
5.2
9.2
.8

44.9
4 .3
10.0
1.2

49.3
3.0
10.0
1.5

39.1
4. 3
7.5
2.1

44 . 1
4.9
12. 6
1.4

56.8
3.5
11.7
1.8

53.2
1 .4
8 .8
1.5

43.8
2 .3
6.8
1.1

32.7
3.1
3.1
.8

43.3
4. 3
10. 8
1.1

29
30
31
32

33
34
35
36

LIFE INSURANCE C O M PANIES
OTHER INSURANCE COMPANIES
PVT. P E N S I O N F U N D S
S.+ L . G O V T . R T R » F U N D S

7.4
.9
4.5
2.8

8. 1
1.9
5. 5
3. 8

8.4
2.1
5.4
4.5

8.6
3. 0
5.8
4. 1

8.5
2.6
6.2
5.0

8.5
3.1
6.7
4 .6

8. 6
1.9
5.7
4.2

8.6
2.7
5 .5
5.8

9.6
3.0
8.0
6.4

7.1
2.9
5. 6
3.5

8. 4
2.7
6.5
4.4

8.7
2. 5
7. 1
4.6

33
34
35
36

37
38
39
40
41

FINANCE COMPANIES
O P E N - E N D I N V E S T M E N T COS.
S ECURITY BROKERS + DEALERS
A G E N C I E S OF FG N . B A N K S
B A N K S IN U.S . P O S S E S I O N S

3. 9
1.0
.6
.5
*

2.4
2.5
.7
.1
.1

.7
.9
-.6
.4
.1

5.2
2.4
-.1
.1
.1

7 .8
3. 4
.3
.8
.2

7. 3
2.2
-7.2
*
.1

4.6
2.9
-3.0
.2
.2

10.8
3.1
2.1
.8
.3

8.3
4. 1
.7
1.2
.3

8.2
3.4
i. 5
1.2
.2

-.1
.3
2.3
1.2
.2

3.8
1.7
-2. 7
1.2
.1

37
38
39
40
41

.6

-1.8

2.8

2.3

1.9

9.2

-1.5

1.3

6.0

2.1

7.1

42 REST OF

THE W O R L D

TOTAL C L A I M S AN D T HEIR RE L A T I O N TO T O T A L F I N ANCIAL
74. 1

1 TOTAL CRECIT MA R K E T DEBT
( F ROM P R E C E D I N G T A B L E )
CTHER DEBT FORMS—
FOREIGN EXCHANGE
2
TREASURY CURRENCY
3

1.7 42

ASSETS

80.0

84.0

11 2 . 5

119.3

111.5

1 0 9.8

120.5

131.4

115. €

107.7

122.7

1

*
.9

1.1
.7

2.1
.4

.3
.3

3.7
.3

.4
.2

-. 1
.2

2.8
.1

-1.9
.5

-2.3
1.9

- 4.2
.1

2
3
4
5
6
7
8

♦
♦

4
5
6
7
8

D E P O S I T S AT F I N A N C I A L I N S T S
BANKING SYSTEM
D E M A N D DEP . ♦ C U R R E N C Y
TIME AND SVGS.DEPOSITS
SAVINGS INSTITUTIONS

37. 8
22.0
7.4
1 4.5
15.9

22. 8
1 5.9
2. 6
13.3
7.0

55.1
38.1
14.3
23.8
17.0

43.7
31.3
10. 7
20.6
12.4

3. 6
-4.4
6.6
-11.0
8.0

47.1
34. 7
7.2
27.5
1 2.4

-3.6
-17.0
-10.1
-6.8
13.4

7.9
-.6
7.3
-7.9
8. 5

-12. 5
-18.3
3.2
-21. 5
5.8

2C.6
16.4
24.2
-7.8
4 .2

15.7
10.6
-2.2
12.8
5.1

4 2. 3
26.7
.1
26.6
15.5

9
10
11

INSURANCE + PENSION RESERVE
U.S. GOVER N M E N T
INSURANCE SECTOR

15.2
1.4
13.9

18.1
1.4
16.7

20.1
1.4
18.7

19 .5
1.3
18.2

20.4
1.7
18.7

20.6
1.0
19.6

18.5
1.8
1 6. 7

1 9.9
1.3
18.6

24.6
2.4
22.2

18.5
1.2
17.3

19.9
1.1
18.8

23.1
9
3 . 6 10
1 9 . 5 11

12
13
14
15
16

SECURITY CREDIT
T R A D E DEBT
PROFIT T A X E S PAY A B L E
NONCORP. PROPRIETORS'
MISCELLANEOUS

-.1
4. 7
1.2
-3.2
10. 9

.4
9.3
.2
-4. 1
18.3

5 .6
6.0
-4.1
— 4.6
16.5

4.4
8.4
3.5
-3.2
24. 1

-4.8
12.3
1.1
-4.8
34.9

3.4
9.8
2.1
-2.8
22 . 6

-14.1
9.6
5.7
-5.3
42.4

.6
15.1
-3.3
-4.5
48.6

-10.0
14.5
1.4
-4.7
38.7

4.2
10. 0
.5
-4.5
11.2

-9.0
12.2
2.7
-3.5
24.5

-11.7
10.5
.3
-3.5
24.4

12
13
14
15
16

17
18
19
20
21
22

INTEREANK CLAIMS
M E M B E R BK. R E S E R V E S
VAULT CAS H
FEDERAL RESERVE FLOAT
M E M B E R BK. B O R R O W I N G
AFF. L O A N S TO B A N K S

.7
1.0
- .4
*
.1

2.3
1.3
.6
.3
.1

1.6
1.2
.5
*
*

3.2
.9
1.3
1.0
*

.9
.2
.2
*
*
.6

12.9
2.9
2. 9
6.9
.1

-2. 0
.1
-.3
- 3 .8
.9
1.0

4.1
2. 3
.9
-.3
.5
.7

2.9
-1.1
.3
3.2
.2
.4

-1.4
-.4
-.3
.6
-1.6
.3

6.8
4.3
-.1
2. 4
- .3
.5

- 5.5
-1.8
.1
-3.5
-.2
-.1

17
18
19
20
21
22

1 4 1.5
148.2
T O T A L DEB T A B O V E
D E D U C T — FLO ATS N O T I N C L U D E D IN A S S E T S
-.3
-.4
CEMAND DEPOSITS— U . S . G O V T .
.9
.3
OTHER
TRADE CREDIT
-3.9
-3.9
DEDUCT— LIABILITIES NOT ALLOCATED AS ASSETS
.2
.2
TREASURY CURRENCY
.7
-.1
TAXES PAYABLE
4.3
7.4
M I S C E L L A N EOUS

181.9

218.4

18 3 . 4

231.3

161.7

209.1

189.2

173.5

176.6

1 9 8 . 4 23

.1
2 .7
-4.9

.4
1.9
-8. 2

-. 6
-. 6
-7.2

.8
2.4
-10.6

-3.2
-.6
-11.3

.5
-.3
-5.0

-. 6
-1.3
-6.7

.6
-1.0
-5.9

1.1
1.3
-5.2

1.6 24
1.2 25
- 5 . 2 26

.2
.3
5 .3

.2
1.0
15.0

.2
1.1
1 8.3

.1
1.3
12. 2

.1
1.6
22.8

.6
1.2
18. 7

*
1. 0
2 3.0

.3
.4
10.5

.9
12.0

- . 3 27
.5 28
6 . 1 29

178.2

208.2

172.1

225.2

152.2

193.3

173.7

I6t. 5

166.7

1 9 4 . 5 30

23
24
25
26
27
28
29
30

T O T A L S A L L O C A T E D TO
AS A S S E T S

EQ.

SECTORS

~

140.4

143.9

1 1 / 7 0 DATA A RE B A S E D O N P R E L I M I N A R Y I N F O R M A T I O N




S U B J E C T TO R E V I S I C N