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F/F Unadj 1 /7 3 August 17, 1973 Flow of Funds, Unadjusted 2nd Quarter, 1973 P re lim in a ry R e v i s e d dat a f or 1971- 1972 Division of Research and Statistics Board of Governors of the Federal Reserve System Washington, D.C. 20551 TABLE LIST SUMMARY TABLES 1. Funds Raised in Credit Markets Private Domestic Net Investment and Borrowing in Credit Markets 2. Credit Market Supply of Funds SECTOR TABLES 3. Households 4. Total Nonfinancial Business & Noncorporate Business 5. Nonfinancial Corporate Business 6 Governments . 7. Banking System 8. Commercial Banking Subsectors 9. Nonbank Finance Summary Savings Institutions 10. Insurance Companies and Pension Funds 11. Finance N.E.C. 12. Rest of the World TRANSACTION TABLES 13. Monetary and Insurance Reserves Interbank Claims 14. Money and Deposits 15. U . S 0 Government Securities 16. Private Securities and Mortgages 17. Mortgages by Type 18. Consumer Credit and Bank Loans N.EoC. 19. Other Loans, Including Open-Market Paper 20 . Security Credit, Trade Credit, and Taces 21- 2 2 . Miscellaneous Financial Claims 23. Total Claims--Recapitulation by Type 24. Saving by Individuals Not Seasonally Adjusted Flow of Funds Accounts, Second Quarter 1973 These tables present new calculations of the financial flow accounts for 1969-72, together with estimates for the first two quarters of 1973. The new estimates for 1969-72 represent in part routine annual revisions of source data or additions to bench mark information, but there are also some modest changes in the structure of the system to reflect recent developments. A separate publication presents the same tables seasonally adjusted. A new set of historical tables on annual flows and assets and liabilities outstanding is in preparation and will probably be distributed in September. The routine annual data that are reflected in these tables include primarily: 1. The Commerce Department's 1970-72 revision of income and product accounts that was published in the July Survey of Current Business, 2. Balance of payments revisions that appeared in the June Survey of Current Business, 3. The S.E.C.'s revision of corporate current assets and liabilities present in the January 1973 S.E.C. Statistical Bulletin, 4. Consumer credit revisions in the October 1972 Federal Reserve Bulletin, 5. The 1970 benchmark for finance companies in the November 1972 Federal Reserve Bulletin, 6. Money supply revisions in the February 1973 Federal Reserve Bulletin, 7. The 1972 Life Insurance Fact B o o k , 8. 1972 Best's Aggregates and Averages, 9. The Census Bureau's Governmental Finances in 1970-71, 10. December 1972 tabulations of commercial bank Call Reports, - i i - 11. Internal Revenue Service's Statistics of Income for 1969, and 12. New seasonal adjustment calculations for all data, reflecting both revisions and the additional year 1972. A few changes in structure of the accounts are also included in this set of tables. One of these is a new sector for real estate investment trusts, which appears as a separate part of the Finance N.E.C. group, based on data from the National A s s o c i a tion of Real Estate Investment Trusts. The REIT's have grown very fast in the last five years, and in earlier versions of flow-offunds tables their activities were reflected mainly in the accounts for nonfinancial corporations. Separating out the REIT's is one source of revision in the corporate sector data. REIT's appear in the mortgage tables as both lenders and borrowers, and they also appear in the tables for bonds, equities, bank loans, and open-market paper. Another structure change is the introduction of security repurchase agreements as a source of funds to commercial banks. Security RP's appear in bank balance sheets as a form of borrowing together with Federal funds. Most of such borrowing is from other banks and is consolidated out of the banking statement used in flow of funds accounts along with other interbank loans. Borrowing from outside the banking system became important in the later 1960's, however, and the item is introduced in the accounts now to reflect this development. At present the lending is distributed to just two sectors--mutual savings banks and nonfinancial corporations. For savings banks the item appears explicitly in FDIC semi-annual tabulations beginning December 1971. For corporations, estimates are based on reports from money market banks; as a part of corporate current assets security RP's are presumed to be included in Govern ment securities, which are a major vehicle for such transactions, and the amounts are therefore deducted from the S.E.C. totals for Governments to be shown as a separate form of asset. Bank reports have for many years kept assets sold under RP's as part of bank assets, offset by the RP agreements as a form of liability. When corporations are lending to banks in RP's, therefore, the securities show in both balance sheets and are double counted until the corpor ate asset is reclassified to a basis consistent with bank reporting. The amounts are included in the "other loan" group with open-market paper. The second-quarter 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 and current assets and liabilities of corporations. 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 balance of payments statistics, financial income-and-product data, end-ofquarter balance sheets for insurance companies, mutual savings banks pension funds, and investment companies, and the Treasury survey of ownership of Federal Securities. Requests for seasonally adjusted and for historical annual tables or to be put on the mailing list should be addressed to the Flow of Funds and Savings Section, Room 3222, Division of Research and Statistics, Board of Governors of the Federal Reserve System, Washington, D.C., 20551. 18 AUGUST 1973 CREDIT MARKET SUMMAPY ^ I CREDIT MARKET SUMMARY TOTAL FUNDS RAISED IN CREDIT MARKETS BY NONFINANCIAL SECTORS 1 (MILLIONS OF DOLLARS) UNADJUSTEO QUARTERLY FL0.5 _ "I 1971 1972 | I is n II III IV ___________________________________________________________UNADJU S T E D QUARTERLY TLO.S I1972 I I II I 1973 III_______ IV__ ^ ____ I_______ I. FUNDS RAISED* B y TYPE ANO SECTOR TOTAL 1 146.698 166.115 2 134.970 156.131 3 4 5 25.500 26.023 -523 17.317 13.919 3.398 6 121.198 148.798 1 728 9 984 8 109.470 138.814 7 20.238 18.385 1.574 2.300 -726 38.377 41.434 3*.780 37.631 1.820 1.876 -56 9.603 9.536 67 38.039 37.757 34.910 35.281 64.525 62.235 12.503 12.311 192 -5.651 -6.012 361 12.937 11.610 1.327 8.839 -5.935 U. S. GOVERNMENT 8.201 -5.942 DEBT 638 7 BUDGET AGENCY ISSUES 3 * 5 6 7 8 4.293 3.725 568 34.146 21.501 2.483 2.089 31.663 19.412 43.690 32.019 3.129 2.476 40.561 29.543 51.508 2.290 49.298 34.708 51.776 ALL OTHER NONFIN, SECTORS 2.236 1.691 CORPORATE EQUITY SHARES 32.472 50.085 DEBT INSTRUMENTS 21.740 21.983 4.447 3.909 5.667 3.895 11.626 14.179 6.457 8.502 21.831 3.204 4.437 14.190 8.070 19.280 3.615 3.258 12.407 6.942 24.015 24.762 2.975 3.053 4.234 2.909 16.806 18.800 10.013 11.650 24.372 2.287 2.812 19.273 11.052 17.561 764 1.656 15.141 8.404 25.515 3.521 2.755 19.239 11.517 2.906 634 3.160 755 3 »75* 860 92,429 11 930 13.213 67.286 39.657 17.630 5.066 5.740 6.816 3.019 Z.**0 2.183 15 16 9.980 2.011 14.781 2.580 1.613 554 2.266 463 2.943 551 3.158 443 17 18 26.286 9.313 46.385 21.777 -819 -3.882 11.228 6.430 6.045 2.033 9.832 132 4.732 -2.249 : i!:ii? m 3^93 3.632 5.*26 10.268 1.630 m 20 “ 89* -1.565 1.177 -1.181 21 6.636 7,003 3,406 2,286 22 121,198 148,798 23 109.470 138,814 c aoa •» o a a 25 16.991 12,275 26 38.320 63,216 27 48,461 59,479 ?0 4.090 4.057 29 8.694 10.379 30 35.669 44,243 18,664 16,811 fl"?l 5,159 682 10,139 1.376 1.466 7,297 31 32 33 11.728 27 11.701 9.984 -412 10.396 1.853 74 1.779 34 35 36 5.725 60.162 47,370 3.432 69,875 54,639 905 11,918 9,076 499 -3.647 38 39 143,504 22.306 165,616 16,818 36,557 32,968 1.560 4,379 11,524 15,505 1.746 2.853 10,906 3.589 109 3.480 23.885 5.221 PRIVATE 920 -540 31,831 28,028 1.885 4,158 10,130 11,855 733 1.976 9.146 2.S19 -1.810 1,484 1.925 -sis 2.*3S 2.51* 16.5A6 9.252 4.781 -143 24.926 14.917 14.911 11.846 24.570 14.289 s.sm ;.>» 7.763 5.933 s.i«* *85 -127 -1.063 1.408 43.690 40.561 438 2,672 18,669 18.782 2.119 3.257 13,406 1.258 -2.623 1 . 71 1 27 45.391 11.2*5 28.417 6.916 36.328 -7.362 37.730 5.711 40,167 8,336 NET INVE ST ME NT AND B O RR OW IN G 72. 3 7 3 48. 5 0 2 23. 871 63. 8 1 6 46. 761 17.,055 4 98.,482 133,,091 5 -24,,953 -35,,425 1 2 .,600 30.,509 - 1 0 ,,249 25.,795 -9,,009 29.,578 -5.,992 16,,677 40, 6 5 6 3 7 8 -15.,439 9 48,>461 59,,479 1 0 ,,396 10 1 1 .,701 11 -23,,875 -24,,094 1,771 22.949 18.211 1,384 TOTALS 63.141 11,553 CORPORATE E QUITIES FOREIGN N O NFINANCIAL CORPORATIONS 3,37? 20.135 15.798 1,211 25.300 19.450 73. 5 9 5 48. 3 7 8 25. 2 1 7 81. 3 2 6 49. 0 0 3 31. 5 2 3 47.,275 28,,483 -4.,612 -15,,752 TOTAL* HOUS EH OL DS AND BUSINESS 84,231 T O T A L C A P I T A L O U T L A Y S (1) 52.007 C A P I T A L C O N S U M P T I O N (2) 32.224 NET PHYS IC AL INVESTMENT 30. 4 9 8 47.094 - 6 «,615 - 1 4 , 8 7 0 35.,278 33,,154 2 2 .,048 13.,230 2 1 ,,923 1 1 ,,231 35,,213 2 2 ,,536 1 2 ,,677 34.,433 2 2 .,931 1 1 .,502 39,805 23,463 16,342 1 0 ,,139 1 ,,779 15,,505 3,,480 -7,,254 1 1 .,855 1 0 ,,962 2 ,,632 8 ,,465 2 ,,135 - 1 .,957 18,,782 3,,205 - 8 ,,757 2 0 ,,450 2 ,,499 -3,,108 - 1 0 ,,272 17,,733 2 ,,402 - 8 ,,633 23,341 1,959 -8,958 2 2 .,351 15,.1 20 2fr,,516 7,.231 15,,784 1 0 ,,732 24,,529 15,,725 8 .,804 27.,264 16.,189 1 1 ,,075 25,,382 16,,482 8 i,900 29,83/ 16,838 12,999 1 1 ,,782 2 ,,557 1 0 ,.906 3,.480 -5,. 1 2 1 9,.146 3,.8 1 0 -7,.360 8 ,.320 2 ,.632 -3,. 1 1 2 6 ,.262 2 ,.135 - 1 ,. 166 13,,406 3,,205 -5.,079 8 .,863 2 .,557 - 2 ..616 15,.712 2 ,.499 -7,.136 13,,396 2 ,,402 - 6 ,.898 17,491 1,959 157,.7 65 105,.880 51 .8 8 5 2 8 .904 2 4 .0 2 6 4 . 8 78 32 .981 2 4 . 4 52 8 .529 33,.7 42 24 .8 94 e , 8 40 40,.309 25 .322 14 .907 34,.1 16 25 .704 8 .4 12 38,.317 26,.330 1 1 ,. 907 39,.219 26,.579 1 2 , 640 46,.1 13 27,.2 67 18 .0 4 6 40,.298 27,.917 1 2 ,. 381 44,426 28,544 15.882 682 4 .196 11 . 5 2 4 - 2 ,995 10 , 1 30 -1 15 . 984 - 9 97 6 .0 77 2 .3 35 18 .669 - 6 .6 82 14 .144 - 1 .50* 24 . 3 2 6 -5 .4 8 0 1 0 ,. 3 63 2 .0 18 21,794 -5,912 -298 - 2 ,138 - 2 , 2 70 658 654 2 ,169 -404 716 -756 - 1 .9 95 2 .1 09 - 2 .3 57 2 .475 -4 .3 94 372 682 3 .3 42 -3 .9 08 20 5 71 4 - 1 . 5 65 -3 .555 1 .4 1 2 753 4 .0 90 - 2 .7 69 2 .501 23 24 25 26 38 . 3 20 63 .216 - 6 .701 - 1 4 . 2 9 4 4 . 7 84 2 .573 1 . 7 34 4 .4 6 4 2 .7 01 4 .202 539 - 1 .454 (M CD (M 7,.297 1 ,.779 - 2 ,. 718 - 1 . 0 78 - 1 1 .331 664 1 .7 75 552 -1 . 6 6 5 TOTALS INCLUDING EQUITIES FOREIGN ^ ^ J ^ I AL BUS1NESS CORPORATE 74. 731 50 , 8 4 8 23. 8 8 3 44,.243 35,.669 15 1 0 ,.396 16 1 1 ..701 17 -18,.311 -16,.797 21 22 21 2,220 -372 MEMOj U . S . G O V T . CA S H BALANCE N E T OF C H A N G E S IN U . S . G O V T . C A S H B A L A N C E S — 41.319 46,213 TOTAL FU ND S RA IS ED 6,611 -5,563 BY U.S. G O V E R N M E N T 37,.842 20 31 32 33 1.691 -268 1.959 14.,798 7,.040 135,.936 98,.694 37 . 2 42 22 23 24 25 26 27 20 30 30 2.236 -166 2.402 2 2 ..638 18 19 Zl 2.443 3.407 17.491 14,.551 5,.596 29,.059 OTHER ^ B O R R O W I N G SECTOR-DEBT INSTRUMENTS FOREIGN STATE ♦ LOCAL GOVERNMENTS H OUSEHOLDS NONFINANCIAL BUSINESS FARM "°J£i|!"J?0NC<)RP0RATE CORPORATE 2 0 ..1*7 13 14 19 51.776 50.085 1.479 3.471 21.794 29,,230 ' 29,,700 2 0 ,,631 2 1 ,,057 8 ,,643 0 ,,599 2 0 ,.411 17 18 consumer c r » « t 34.708 32.472 3.538 838 10.363 17.733 1.670 2.667 13.396 23..549 14,.284 9,.265 8 6 .,745 1 0 0 ,.660 62,.818 57..6 86 3 .0 03 564 - 1 .2 2 0 -4,372 090 718 3.148 NET FU ND S RA IS ED EXCE SS NET IN VESTMENT 34 35 37 38 39 (3) TOTAL BU SI NE SS TOTAL CA PI TA L OUTLAYS CAPITAL CONSUMPTION NET PH Y S I C A L INVESTMENT NET DEBT FU ND S RAISED CO RP OR AT E E Q UI TY ISSUES E X C E S S N E T I N V E S T M E N T (3) CORPORATE BUSINESS TOTAL CAPITAL OUTLAYS CAPITAL CONSUMPTION NET P H YS IC AL INVESTMENT NET DEBT FU NO S RA IS ED CO R P O R A T E E Q U I T Y ISSUES E X C E S S N E T I N V E S T M E N T (3) HOUSEHOLDS TOTAL CAPITAL OUTLAYS CAPITAL CONSUMPTION NET PH YS IC AL INVESTMENT NET FU ND S R A IS ED E X C E S S N E T I N V E S T M E N T (3) OF WHICH! HOUS ES LE SS HOME MTGS. D U RA BL ES LESS CONS. CREDIT N O N P R O F I T PfcE L E S S M T G S . L E S S — U N A L L O C A T E D DEBT (1)C A P I T A L O U T L A Y S ARE T O T A L S F O R R E S I D E N T I A L A N U N O N R E S I O E N T I A L F I X E D C A P I T A L . N E T C H A N G E IN I N V E N T O R I E S . A N D C O N S U M E R D U R A B L E S . EX CE PT OU T L A Y S BY FI N A N C I A L BUSINESS. (2 )C A P I T A L CONSUMPTION INCLUDES AMOUNTS FOR CO NS UM ER DURABLES AND E X CL UD ES F I NA NC IA L BU S I N E S S C A P I T A L CO NSUMPTION. ( 3 )E X C E S S 11/73 FIGURES ARE TENTATIVE ESTIMATES BASED ON INCOMPLETE INFORMATION. 14 1* FARM 1«1 14,.053 6 ,.358 12 9 10 \l 12 OTHER P RIVATE CREDIT BANK LOANS N.E.C. 2,357 28,,178 2 0 ,,240 7,,936 -4,,995 OTHER RESIDENTIAL 3,133 31,,575 19,,844 1 1 ,,731 -3,,899 DEBT CAPITAL INSTRUMENTS S. ♦ L. GOVERNMENT SEC. S J X J I J J f * F G N * B°NDS MORTGAGES O T H E R^RES^DENTIAL -1.82* 27,,582 19,,563 8 ,,019 3,,810 -7,,727 1 2 IN C R E D I T M A R K E T S 69, 53 9 45. 95 3 23.,586 8 2.290 -209 2.499 362 357 21,987 14,339 16,611 11.420 61.,920 45.,134 16.,786 87,,564 45,,781 2.476 -81 2.557 942 10,600 8,397 64,,556 44.,296 2 0 .,260 80.>278 36,,287 51.508 49.298 1.980 2.542 24,326 20.450 099 3.839 15.712 1,273 13,594 10,952 56,,486 43.,589 1 2 .,897 7 32.019 29.543 438 3.179 14,144 11.782 507 2.332 8.863 1.669 1,878 18,985 15,665 14,386 12,956 DOMESTIC 297 2,281 2.089 -46 2.135 34,061 -2,496 3.129 -76 3.205 -860 823 2.483 -149 2.632 1.267 3.108 4.383 444 3.803 -7 3.810 4.316 2.82? 4.001 635 2.411 34,146 21.501 31,663 19,412 1.422 988 3,295 3,882 15,984 6,077 10,962 8,465 243 1.252 2.399 951 8,320 6,262 3.39* 3.491 867 1 2 5 2. 50 1 2 9 1 , ,110 2 178.,972 193.,444 97, ,666 3 73,,529 6 116,,565 133,,345 BY N O N FINANCIAL SECTORS EXCLUDING EQUIT I E S 36.557 31.831 3 ^ 8 9 3.803 32.968 28,028 83.184 16 626 19.747 46.811 26.048 8.772 45.841 44.150 18.664 U853 16.811 9 10 II 12 13 1* 5.738 4.596 1.142 43.547 41.311 FUNOS RAISED 46.649 25.794 44.166 23.705 OF N E T INVESTMENT OVER NET FU NO S RAISED. 9 10 11 13 14 15 16 17 20 21 22 23 24 25 26 18 AUGUST 1973 CREDIT MARKET SUPPLY OP FUNDS CREDIT MARKET SUPPLY OF FUNOS 2 DIRECT UNADJUSTED QUARTERLY AND I N D I R E C T S O U R C E S OF F U N D S ( M I L L I O N S OF D O L L A R S ) FLOWS I I UNADJUSTED QUARTERLY 1971 I II III IV I I 1972 I II HI 2 TO C R E D I T M A R K E T S I I IV FLOWS 19 73 19 71 1972 I II 1 134.970 156.131 18.385 34.788 37,631 44.166 23.705 34.910 I5.?ftl 62.235 41.287 33.417 5.656 >2.679 4.893 16.894 7.328 5.228 43 4.295 10.011 8.286 7.227 1.395 -2.449 2.113 13.410 9,782 2.045 396 1.187 9.580 7.851 1.762 299 -332 5.484 4.510 1.537 -1.944 1 . 38 1 3.449 1.375 1.278 83 713 4.783 1. 80 1 1 .2 5 9 661 1.062 3.178 -358 1.154 1.243 1.139 16.,171 1 1 ,,926 915 441 2 ,.889 2.313 6.013 184 8.384 1.196 225 2.280 6.310 956 -1.136 10 3.222 2.802 8.848 26.415 7.365 626 1.316 2.108 9.360 444 2.397 3.359 3.380 82 0 1.853 • 184 2,995 -53 1.624 1.629 249 1.056 3 00 ■ 1 .7 18 5.145 490 2.236 45 7 -5 415 2 ,.910 4,.479 8 ,. 367 11 4.296 6.182 11 313 2.017 1.955 1.392 2.115 1.083 1.592 2 ,. 684 12 97,►9 7 9 -3,,549 16,,626 19,,475 29,,092 33,,656 - 2 ,,679 145,,419 16,.257 1 1 ,.930 13,,169 44,.611 59,,495 43 8.385 -6.952 5.066 5.584 4.175 -413 -925 26.815 -5.074 4.447 5.731 7.482 11.780 -2.449 26,,238 1 ,,856 3,,909 3,,744 8 ,,622 8 ,,503 396 36,.541 6 ,.621 3,,204 4,,416 8 ,,813 13,,786 29 9 19.613 1.194 3.615 3.189 7.311 2.360 -1.944 33,,576 -4,,887 2 ,,975 4,,209 1 1 ,,146 2 0 ,,216 83 31.581 5.041 3.053 3. 0 5 1 12.884 8.213 661 60.649 14.909 2.287 2.720 13.270 28.706 1.2*3 27.824 -38? 764 1.434 10.290 16.159 441 CREDIT MARKET 45.273 34.891 13.894 24.011 13 ,6 05 11.482 4.569 6.305 1.087 5.211 T O T A L F U N D S , A D V A N C E D IN C R E D I T M A R K E T S 41.,311 TO NO NF IN AN CI AL SECTORS 44.150 BY 2 3 4 5 6 7 8 9 8.557 454 -925 1.925 1.101 PUBLIC 45.130 1. 3 6 1 3.521 2.348 13.485 27.140 2.725 19 23 24 25 26 1 1 1 ,,694 149,,891 50,,592 41,,751 14,,061 5,,290 2 0 ,,904 3,.723 406 41,.331 23,,348 8 ,,655 4,.087 5,.241 31,.882 23,.897 965 2 1 ,. 516 1 1 ,.689 2 ,. 610 41,,331 33,,672 5,.587 2 0 ,,904 2 ,,072 2 1 ,.516 3,.5 37 -582 31,.882 17,.277 1 1 ,.666 2 ,. 714 225 16,.9 65 2 1 ,.8 63 1 ,.0 87 16,.9 65 69,.711 48,.360 15,.997 15,.8 23 2 ,.6 04 1 1 ,.4 06 1 1 1 ,.694 149,.891 97,.528 91,.1 21 1 0 ,.249 2 0 ,.2 07 7,.363 1 0 ,.024 1 0 ,.324 -4,.488 2 ,.231 9,.616 2 ,.965 32,.156 5,.073 706 1 1 ,. 2 63 15,.1 14 -5,.9 85 -4,. 4 36 -3,.4 18 2 ,. 0 04 -135 7,.020 -611 3,.892 1 ,. 774 1 , 965 7,.217 1 ,.462 508 2 ,,808 2 ,. 439 32 -3 . 4 66 33 -13,.2 58 34 -8 0 35 8 . 1 72 36 367 37 1 ,. 3 33 15,,735 4,,378 2 ,,141 4,,851 3,,738 627 -7.493 -9.584 -79 2.390 705 -925 -4,,1 0 2 -3,,219 -705 2 ,.913 - 2 ,.735 -356 7,,332 434 1 ,,571 2 ,,889 2 ,,107 331 1 0 1 ,,940 20.891 29.524 1.559 15.153 25,,582 17,,134 1 1 ,,662 12.8 12 1 1 ,,174 15,,083 4,,065 3,,176 7,,84? 27 28 29 30 31 36,,557 17,,931 1 2 ,,251 3,,374 3,,001 35.329 13 . 7 2 1 13.148 5.129 3.331 57.101 34.243 10.879 3.758 36,,557 24,,505 3,,871 35.329 19.098 4.906 57.101 37.758 7.388 34.891 15.488 9.68? 45.273 25.273 8.556 695 837 - 1 ,,429 1 ,,22 2 65 8 ,,181 1 ,,731 343 2 ,.894 3,.213 11.325 1.737 38 7 4.137 5.064 11.955 768 1.405 3.010 6.772 9.721 189 475 4.203 4.854 11.444 1.197 -1.064 3.689 7.622 2 ,,751 1.158 1.862 352 1.198 -2.463 209 10.936 5.379 727 336 2.284 2 ,.283 -69 798 2 ,>280 1 ,,864 - 2 .,1 22 890 - 2 ,,794 264 1 ,,037 2 .,053 330 36,.378 19,.774 1 ,.918 8 ,.767 9,.089 15,,117 23,,844 - 1 ,,555 1 1 .,400 13,,999 27,,519 2 0 ,,846 2 ,,611 7,,161 1 1 .,074 17.632 20.297 5.383 4.576 10.338 -903 1 ,.249 3,.030 - 1 ,.304 3,,816 1 2 .,082 3,.736 1 ,,270 16,,167 4,,042 8.221 PRIVATE 797 -889 -867 -20 290 38 39 40 41 42 -3,,421 -3,,394 -27 16,.604 13,.898 2 . 706 - 8 ,,727 -7,,677 - 1 .,050 6 ,,673 -2.665 -1.199 -1 ,4<,6 21,247 -15.088 17.333 -13.69? 3.914 -1.396 1 1 .100 3,,659 3.,014 46 91 ,0 47 117,,675 13,398 2 1 ,,480 18,,994 37,.175 17.,868 28.,409 18.790 52.608 16.707 37,378 47 48 49 30 ,589 113,,997 2 1 , 927 1 0 ,,820 54.451 103,,075 2 0 2 . 3 2 5 1.874 13,,457 23,,818 118,,896 6 ,,754 35,,635 82,,003 1 0 ,,822 2 1 ,.690 23.,134 106,,582 3,,832 9.,879 108.,878 1 .,980 13.556 .1 1. 86 7 6.882 5.106 94.149 763 39.144 125.398 8.556 11,087 100,316 -672 7,408 3,692 14.660 1.18 1 13.479 11.973 -633 12.606 2.792 48 1 2.311 3.700 -348 4.048 4.453 216 4.237 3.715 832 2.883 2.910 273 2.637 3.311 -679 3.990 2.739 -229 2.968 3.013 3.011 2. 4 9 1 -338 2.829 1.447 -751 2.198 4 5 19.235 -4.575 15.562 -3.589 5.195 -2.403 5.374 -1.674 3.755 698 4.911 -1.196 2.923 -13 4.668 -1.357 2.119 62 0 5.852 -2.839 1.499 992 3.455 -2.008 BA SE D ON MONEY DEMAND DEPOSITS CURRENCY 43 44 45 T O T A L OF C R E D I T M A H K E T INSTR.. DEPO SI TS ♦ CU RRENCY 46 P U B L I C S U P P O R T R A T E (%) P V T . F I N . I N T E R M E D I A T I O N <*> TOTAL FOREIGN FUNDS 47 48 49 INCLUDED ABOVE 3 ESTIMATES INVESTORS— DEPOSITS ♦ CURRENCY TIME ♦ SAVINGS ACCOUNTS LARGE NE GOTIABLE CD^S O T H E R 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 8 ,.448 6 ,.763 1 ,.685 TENTATIVE NONFINANCIAL 27 28 29 30 31 28.965 17.865 3.727 5.636 8.502 -8.633 -7.661 -972 ARE OTHER SOURCES FOREIGN FUNDS TREASURY BALANCES I N S U R A N C E ♦ P E N S I O N R E S. OT HE R, NET 23 24 25 26 14.092 29.18ft 9.848 7.373 11.959 4,,412 11/73 FI GU RE S S O U R C E S OF F U N D S PRIVATE DOMESTIC DEPOSITS CREDIT MARKET BORROWING 19 20 21 22 2.2 10 16,,528 1 2 INTERMEDIATION— F U N D S A D V A N C E D BY P R I V A T E FINANCIAL INSTITUTIONS COMMERCIAL BANKING SAVINGS INSTITUTIONS INSURANCE ♦ PENSION FUNDS OTHER FINANCE 41.672 20.425 2.271 7.888 1 0 . 2*6 1 2 ,,116 EQUITIES NOT 13 14 15 16 17 1 ft 32 33 34 35 36 37 9 .6 06 3 , 3 92 CORPORATE 12 D I R E C T L E N D I N G IN CR. M A R K E T S U.S. GOVT. SECU RI TI ES MUNICIPAL SECURITIES C O R P O R A T E ♦ FGN. B O ND S CO MMERCIAL PAPER OTHER 1 2 ,. 9 98 113,,108 2 ,,477 ADVANCED 8.413 3.716 2.498 885 778 536 43 44 45 5,.838 FINANCIAL DOMESTIC 94 .5 13 . 5 15 811 7,.6 64 32 . 9 34 40 .917 122 FUNDS 2.615 2.851 863 372 380 -1.851 38 39 40 41 42 85,,412 8 ,,710 31,,025 45,,677 DOMESTIC T O T A L NET A D V A N C E S U.S.GOVT. SECURITIES MUNICIPAL SECURITIES C O R P O R A T E ♦ FGN. B O ND S RESIDENTIAL MORTGAGES OTHER MORTGAGES ♦ LOANS L E S S — FHLB AOVANCES PRIVATE 20 21 22 AND F O R E I G N T O T A L NET A D V A N C E S U.S.GOVT. SECURITIES RESIDENTIAL MORTGAGES F H L B A D V A N C E S TO S * L * S OTHER LOANS ♦ SECURITIES RY AGENCY — U.S. GOVT. -123 6.165 SPONSORED CREDIT AGENCIES 7?2 FEDERAL RESERVE FOREIGN -1.869 A G E N C Y B O R R O W I N G NOT 5.875 IN L I N E 1 PRIVATE 13 14 15 16 17 18 AGENCIES 4.895 -).398 1.117 2.725 2.451 INCOMPLETE INFORMATION. 2 T O T A L NET IS SU ES MUTUAL FUND SHARES OTHER EQUITIES 1 2 ACQ. BY F I N A N C I A L I N S T I T U T I O N S OT HE R NET PURCHASES 4 5 3 16 AUGUST 1973 HOUSEHOLDS HOUSEHOLDS 3 3 SECTOR STATEMENTS OF SAVINS AND INVESTMENT (MILLIONS OF DOLLARS) UNAOJUSTEO q u a r t e r l y FLOWS __________ __ ______________________________________ UNADJUSTED O U A RTERLY FLOWS 1971 1972 I I I II 1971 HI • IV I I 1972 II III I !V.. 1973 *_______ * *__ HOUSEHOLDS* PERSONAL TRUSTS* AND NONPROFIT ORGANIZATIONS 1 a*.-* 515 «J39 161 199.491 214.205 219,082 230.737 216.968 230.911 ?37.470 253.812 238.001 254.305 PERSONAL INCOME 2 S . m 3 “ olio! 29!*62 *0.708 37.1*3 3*.».2 3*.*61 37.807 LESS. PERSONAL TAXES . NONTAXE 1 2 3 745 970 796 956 173.720 3 l.ln I li.1^ 182.634 188.481 201.135 187.506 190.203 200.327 218.920 ?03.540 216.498 * DISPOSABLE PEHS. INCOME '.ill 981 4.35? 3.lH 7.»1 1.1*0 6.305 5.369 10.000 4.759 8.653 ♦ NET DURABLES IN CONSUMPTION 8 9 ft* 688 85.282 10 98.694 105.880 11 185.382 191.162 18.448 24.026 42.474 20.136 24.452 44.588 22.478 24.894 47.372 25.626 25.322 50.948 20.164 25.704 45.868 16.111 26.330 42.441 21.040 26.579 47.619 27.967 27.267 55.234 20.369 27.917 48.286 * NET SAVING 28.544 ♦ CAPITAL CONSUMPTION 52.968 a GROSS SAVING 9 10 IP 1A9.538 206.381 4 5.099 28 904 45.231 32 981 48.643 22.226 1.202 26.030 1.426 33.742 7.009 25.234 1.499 50.565 40.309 8.839 30.001 1.469 47.124 34,116 7.979 24.772 1.365 48.780 38.317 7.370 29.430 1.517 52.694 39.219 8.687 28.969 1.563 57.783 46.113 10.269 34.238 1.606 54.011 40.298 9.269 29.606 1.423 55.391 GROSS INVESTMENT 44.426 CAPITAL EXPEND, (NET OF SALES 8.766 RESIDENTIAL CONSTRUCTION 34.078 CONSUMER DURABLE GOODS 1.582 NONPROFIT PLANT EQUIP. J? 13 4 5 13.008 21.401 10.463 31.077 13.475 28.506 11.670 36.545 13.713 23.328 10.965 NET FINAN. INVESTMENT 31.383 NET ACQ. OF FINAN. ASSETS 17 18 16.015 23 I 3 135 936 157 765 4 S M S 15 103.491 1171409 16 5.596 6.051 11 dt V.lli s.lls 17 18 *3 4fl 616 95*.340 U7*.529 16 195 17.093 12.250 24.875 14.901 25.869 10.256 27.503 19 73.073 10.667 97.521 12.786 13.013 -5.059 18.900 5.329 19.166 -620 23.09* 11.237 17.476 2*.*60 -6.2365.169 20 22.277 33.266 17.302 253 13.56* -10.32* 21 22 70.756 29.639 75.525 29.8*6 25.870 13.056 15.992 *.616 13.326 5 .* 6 6 15.566 6 .*77 21.606 7.609 16.656 7.782 19.*97 9.159 15.56* 5.296 2*.692 12.733 23 40.917 45.677 12.812 11.174 7.842 9.089 13.999 11.074 10.338 10.266 11.959 2* -8.570 9.206 -7.796 -2.521 6.*58 -*.709 2.108 *35 S ’1**!?: VtH ‘8-227 :?:« '*S?i I? 7*2 i:St 2 ^ l:tll ' -11 IS .,.111 -‘-*S •1:I” -III -ll\ mi “ 'lU 30 31 1 181 -6*592 -633 -5.224 481 -2.962 32 33 6.172 22.098 7.310 20.713 1.463 4.962 34 It II -3.416 520 Z.” ! -4.953 118 2.67? -932 474 37 3ft 3? ,. 41 41.738 38 320 68.913 63.216 898 682 16^37 43 44 9^31 3 nnn *361 1.373 45 2.609 4.672 ao tl 47 48 zSllS SiS4?l 5 i 3 133 2.872 1.330 ill 3Ml 22i -1.462 - 5 ft -1.887 433 til 540 2 126 88 -4.156 -15.219 -2.625 til i 3 8 -348 -1.323 216 252 832 -2.559 1.545 6.623 1.586 4.967 1.578 5.546 -860 -124 562 -777 -100 55? -847 270 12.625 11.524 ":339 323 3.092 1.867 302 10.968 10.130 6:924 330 3.379 253 -1.073 317 903 122 76 643 121 74 601 -643 -1.271 273 -979 2.527 *.138 2.93* -in 1 ..i,. "-71 l:llt -m -679 -843 -229 5?6 -338 42 2 -3.928 £ ™ 1.859 7.324 1.999 4.764 1.936 5.486 1.935 5.143 -1.015 348 641 -1.431 -300 667 -1.326 -186 681 -1.181 256 688 -1.237 -225 706 17.247 15.984 8:440 343 4.222 1.204 1.454 321 8.393 6.077 7.914 343 -38 -477 -1.986 321 20.614 18.669 9.037 357 5.108 825 2.986 356 15.031 14.144 10.182 363 4.828 336 -2.034 469 24.875 24,326 11.290 358 6.139 2.449 3.906 184 1.061 122 80 2.075 122 119 1.682 121 142 -1.256 -6.339 1*1 383 1.516 3.139 24.424 620 121 146 -5.075 295 121 133 -2.549 25.172 16.17* 9.672 8.502 OEP. ♦ « • 6.221OE MA NO OEP. 'U CURRENCY TIME * AT C O M M E R C I A L B « N K S AT SAVINGS INSTITUTIONS 777 CREOIT MKT. ‘" S T R U M E N T S 1:iS SSSSSIMS;B0N0S -SB SKKSS1 »■ -751 -1.402 INVESTMENT CO. SHARES OTHER CORP. SHARES 1.943 7.126 -1.179 p I n s ,I n S f S J o CRESERVESES PENSION FUND RESERVES NET INV. IN NONCORP. BUS. -238 SECURITY CREDIT 712 MISCELLANEOUS 22 23 2* It S U 30 31 33 33 34 35 36 9.615 20.418 N E IR^ S ; EJ ^ ^ N S T R U M E N T S ^ 38 10.363 21.794 CREDIT MKT. INSTRUMENTS 38 9.472 10.529 355 354 OTHER MORTGAGES 40 2.043 6.643 J ? h ERL CONSUMERSCREOIT 42 -287 1.120 OTHER CONSUMER CREDIT 4Z -U6*" 2.JT9 44 468 469 OTHER LOANS 44 Tt S™* -993 123 122 SECURITY CREOIT 123 MISCELLANEOUS -1.614 115 -5.725 -2.423 DISCREPANCY 45 J* 47 48 (1) EXCLUDES CORPORATE EQUITIES. -3.988 10 .2 69 2.534 11.290 -3.555 9.269 2.566 9.47? -2.769 MEMORANDAJ NE T P H Y S I C A L I N V E ST ME NT ! (A) R E S I D E N T I A L C O N S T R U C T I O N EXPENDITURES 8.766 LE S S * C A P I T A L C O N S U M P T I O N 2,609 HOME MO RTGAGES 10.529 ■ EXCESS NET INVESTMENT -4.372 29,,430 23,,125 6 ,,305 28,,969 23,,600 5,,369 34,,238 24,,238 1 0 ,,000 29,,606 24,,847 4,,759 34,,078 25,,425 8 ,,653 2 .4 75 5,,933 372 5,,164 20 5 8 ,.588 1 ,.412 1 ..756 3,.003 7,,763 89 0 1.469 462 34 3 664 1.365 470 343 552 1.517 478 35 7 682 1.563 48 6 36 3 71 4 1.606 495 358 753 1.423 504 355 564 1.582 510 354 718 13.967 9.010 12.829 7.870 13 .5 78 8.862 17.629 2.636 15.641 6 .6 8 3 13.747 6.725 14.479 6.568 14,866 5,243 23,,937 24,,824 25,,048 24,,256 21 .7 65 23 .5 02 24, 861 PER CENT OF 23 .9 7 6 23,,464 16,.423 9,.712 510 387 17,,706 13,,354 6 ,,777 6 ,,186 17,,681 13,,556 5,,747 5,,308 19,,8 1 8 13,,521 8 ,,479 7,,858 18,,041 1 1 ,,317 4,,438 3,,213 19 .650 15 .9 37 10 .571 9 .5 74 19 .3 56 14 .0 69 7 .4 18 6 .9 80 2 0 .,756 175,.993 186,,269 26.849 9.412 24.138 -6.701 34.305 10.176 38,423 -14,294 5.476 2.339 3.435 -298 5.525 2.324 5.339 -2.138 7.009 2.355 6.924 -2.270 8.839 2.394 8.440 -1.995 7.979 2.422 7.914 -2.357 7.370 2.727 9.037 -4,394 53 54 55 103..491 87.,476 16,,015 117.409 93.775 23.634 221 .226 2 1 ,.245 26,►030 2 1 ,,679 30, >001 2 2 ,,466 98 1 4,,351 25,,234 2 2 ,,086 3,,148 7,,535 24,,772 2 2 ,.812 1 ,. 960 56 57 1 1 .,231 - 1 ,.520 2 ,.501 3.,693 65 8 3,,632 -484 5,,426 2 .,109 -515 4..784 19,170 4,464 58 59 60 61 5.596 1.806 1.217 2.573 6.051 1.929 1.421 2.701 1.2 0 2 539 1.426 449 32 3 65 4 1.49 9 453 330 716 13.612 8.064 15.141 6.241 12.918 8.746 14.738 6.652 64 24,,505 23,,633 24,.133 65 17,,969 1 2 ,.603 5,.517 5,.065 19,,504 14,,530 8 ,,519 7,.815 69 756,.484 808,.860 8,687 2.493 1 0 .1 8 2 (C) 66 67 68 442 221 190,,827 203,,395 19,,58? 1 1 ,,336 4,,672 5,,035 20 . 1 0 9 14 . 2 0 5 9 .2 4 2 9 .865 189,,093 194 .9 94 202 .6 10 2 2 2 .,163 205,,781 220 . 9 1 8 (NIA 1D I S P O S A B L E I N C O M E ♦ 'SOVT, 1 I N S U R A N C E 1 11/73 FIGURES ARE TENTATIVE ESTIMATES BASED ON INCOMPLETE INFORMATION, 16.,<♦49 U . ,196 1 0 .,949 (8 ) C O N S U M E R D U R A B L E S EXPENDITURES LESSl C A P I T A L C O N S U M P T I O N * NET INVESTMENT LE S S ! C O N S U M E R C R E D I T * EXCESS NET INVESTMENT 53 54 55 56 57 NONPROFIT PLANT ♦ EQUIPMENT EXPENDITURES LE S S : C A P I T A L c o n s u m p t i o n NONPROFIT MORTGAGES » EXCESS NET INVESTMENT PE RCENT RATIOS! EF FECTIVE TAX RATE SA VI NG RATE, NlA BASIS DI SP OS AB LE INCOME GROSS SAVING ADJ.(2)» CAPITAL EX PENDITURES A C Q . OF F I N A N C I A L A S S E T S N E T IN C R . IN L I A B I L I T I E S CREDIT MARKET BORROWING ♦ CAPITAL 62 63 G A I N S DIVID.) 65 66 67 18 AUGUST 1973 TOTAL ♦ NONCORP BUSINESS TOTAL ♦ NONCORP BUSINESS SECTOR STATEMENTS OF SAVING AND INVESTMENT (MILLIONS OF DOLLARS) UNADJUSTEO QUARTERLY FLOWS UN A D J U S T E D QU AR TE RL Y FLOWS 1971 1972 I I II 1973 1972 IV III | NONFINANCIAL I II III I II BUSINESS - TOTAL 1 138.518 2 92.429 151.173 102.348 32.702 19.983 35.348 20.275 34.582 20.846 35.886 31.325 35.297 22.896 37.375 21.774 37.763 24.209 40.738 33.469 40.439 23.139 43.776 26.264 INCOME B E FO RE GROSS SAVING 3 79.474 4 116.565 5 110.500 6 94.763 7 2.942 8 12.795 9 6.065 87.384 133.345 127.324 107.983 2.103 17.238 6.021 20.083 27.582 23.518 21.444 -437 2.511 4.064 18.002 31.575 29.598 24.433 1.539 3.626 1.977 16.624 28.178 28.658 23.359 2.159 3.140 -480 24.765 29.230 28.726 25.527 -319 3.518 504 25.334 29.700 26.929 24.342 - 1.110 3.697 2.771 18.894 35.278 33.663 27.552 1.367 4.744 1.615 20.338 33.154 32.903 26.562 2.0 1 0 4.331 251 22.818 35.213 33.829 29.527 -164 4.466 1.384 21.981 34.433 30.678 28.037 -1.233 3.874 3.755 27.133 39.805 38.340 31.972 1.377 4.991 1.465 GROSS INVESTMENT CAPITAL EXPENDITURES FIXED INVESTMENT BUSI NE SS PLANT ♦ EQUIPMENT 1-4 F A M I L Y R E S I D E N T . CO NS T OTHER RESIDENTIAL C H A N G E IN I N V E N T O R I E S 3 4 5 10 - 3 7 . 0 9 1 11 2 5 . 1 7 4 12 6 2 . 2 6 5 11.701 13 14 48.461 18.807 15 16 1.910 17 19.546 18 6.317 19 1.88 1 - 4 5. 96 1 33.156 79.117 10.396 59.479 12.187 1.234 26.208 16.492 3.358 -7.499 2.872 10.371 1.779 10.139 5.466 -416 3.576 -1.746 3.259 -13.573 5.356 18.929 3.480 15.505 5.399 1.118 4.846 3.900 242 -11.554 7.919 19.473 3.810 11.855 3.583 1.578 5.347 1.808 -461 -4.465 9.027 13.492 2.632 10.962 4.359 -370 5.777 2.355 -1.159 -4.366 6.877 11.243 2.135 8.465 2.775 -972 5.122 -257 1.797 •1 6. 38 4 4.970 21.354 3.205 18.782 3.812 976 6.436 5.586 1.972 ■1 2. 81 6 7.502 20.318 2.557 11.782 3.037 1. 4 6 8 6.787 1. 2 3 9 -749 ■1 2. 39 5 13.807 26.202 2.499 20.450 2.563 -238 7.863 9.9?4 338 •12.452 11.014 23.466 2.40? 17.733 1. 5 3 7 -1.06ft 6.38? 10.930 -4 8 ■ 1 2. 67 2 13.952 26.624 1.959 23.341 2.544 988 7.368 11.062 1.379 NET FI N A N C I A L I N VE ST ME NT FI N A N C I A L U S ES OF FUNDS* NET FINAN. S O UR CE S OF FUNDS* NET C O RP OR AT E SH AR E ISSUES CREDIT MKT. INSTRUMENTS CORPORATE BONDS HOME M O R T G A G E S OTHER MORTGAGES BANK LOANS N.E.C. OTHER LOANS 10 11 12 13 14 15 16 17 18 19 410 -512 296 347 3.935 -4.568 6.176 -197 3.017 236 977 2.354 3.900 -2.576 6.560 -2.438 2.880 3.871 10.651 1.158 -869 4.376 682 1.766 94 1.672 2.448 4.863 4.973 -834 1.903 98 1.80 5 1.069 4.952 541 1.847 5.452 47 5 1.789 96 1.693 1.577 101 103 1.779 2.357 6.077 -314 1.979 104 1.875 1.665 6.366 -934 2.028 105 1.923 1.094 NET INCOME NET SAVI NG CAPITAL CONSUMPTION CORPORATE NONCORPORATE CURR EN T SURP. ■ GR OS S SAVING 2.448 2.017 1.422 144 4 51 1.577 1.976 1.774 104 98 1.069 2.178 1.857 148 1 73 2.388 2.154 1.913 1 75 2.357 2.266 2.049 134 83 1.665 2.423 2.260 103 60 1.094 2.659 2.480 143 36 GROSS INVESTMENT CAPITAL EXPENDITURES PLANT AND EQ UI PM EN T RESIDENTIAL CONSTRUCTION C H A N G E IN I N V E N T O R I E S 4 31 187 32 118 37 -399 147 33 107 7 -1.109 160 34 97 29 234 136 35 96 5 91 36 103 49 -758 1 68 36 108 24 -1.565 20 6 37 -244 24 3 44 3 546 1.252 634 300 31 8 19 299 1.269 2.119 867 810 44 2 30 41 2 -98 587 635 90 -138 41 -179 97 899 444 614 -159 -54 -105 926 1.670 755 586 32 9 25 304 1.771 2.443 860 266 -972 245 -1.095 239 -924 250 -1.052 258 - 1.002 279 -951 20 21 3.644 -1.541 13.424 -4.182 -2.732 1.185 1.550 -1.606 4.416 22 12.955 14.964 -100 2.273 4.222 -608 FARM 1 2 20.240 -30 7.421 398 7.023 7.391 4.233 -302 1. 6 5 0 93 1.55 7 1.348 4.152 -721 1.683 91 1.592 962 6.779 8.589 6.453 555 1. 5 8 1 7.391 8.574 7.593 561 420 1.348 2.107 1.727 84 296 962 2.233 1.746 141 346 2 .021 -1.810 691 12 3 498 70 -1.183 631 138 40 3 90 -759 16 5 30 -211 14 -1.271 17 5 30 130 15 17 18 19 2.501 4.098 20 21 22 924 1.376 554 345 477 71 406 1.446 1.746 463 726 557 28 529 375 733 551 274 -92 -24 23 1.345 742 47 695 1.814 4.857 2.580 1.814 46 3 36 427 -68 -2 8 -172 24 25 1.211 1.000 -2.808 -4.043 287 -739 316 -616 317 -675 291 -778 6 7 8 9 10 11 12 13 14 15 16 2.011 121 4.070 294 1.727 93 1.634 2.021 2.232 1.558 18 6 488 164 31 12 9 4 0 -200 -212 NONFARM NONCORPORATE 1 . 7 46 2.388 66 1.882 1R8 112 57 DISCREPANCY NET FI NA NC IA L INVESTMENT N E T . I N C R . IN F I N A N . A S S E T S DE MA ND DEP. AND CURRENCY INSURANCE RECEIVABLES E Q . IN S P O N S . A G S . (1) N E T I N C R E A S E IN L I A B I L I T I E S CREDIT MARKET INSTRUMENTS MORTGAGES BANK LO AN S N.E.C. OTHER LOANS U.S.GOVT. F I CB ♦ BK S FOR COOPS 1.000 583 25 558 TRAOE DEBT PROPRIETOR NET INVESTMENT BUSINESS 1 62.617 63.692 15.421 15.658 15.774 15.764 15.743 15.407 16.164 16.378 16.544 16.667 2 15.766 15.778 17.325 17.490 3.860 2.779 3.877 1.570 3.962 1.127 4.067 10.302 4.148 3.654 4. 3 6 1 1.136 4. 3 5 1 2.235 4.465 10 .4 65 4.470 1.842 4.597 4.119 CAPITAL CURRENT 17.490 24.111 25.303 2.888 12.330 772 -1.192 2.779 5.064 4.364 2.602 2.023 -261 70 0 1.570 5.793 5.926 2.339 699 -133 1.127 5.799 6.063 2.927 2.149 987 -264 10.302 4.575 5.368 3.060 2.540 -232 -793 3.654 5.373 5.127 2.802 2.932 -607 24 6 1.136 6.584 6,781 3.098 3.073 61 0 -197 2.235 6.471 7.036 3.069 3.049 918 -565 10.465 5.6A3 6.359 3.232 3.276 -149 -676 1.842 6.628 5.733 3.038 3.363 10 15 .7 78 21.231 21.721 11.477 9.051 1.193 -4 9 0 895 4.119 7.309 7.086 3.329 3.140 61 7 223 GROSS INVESTMENT CAPITAL EXPENDITURES FIXED CAPITAL PLANT ♦ EQUIPMENT MULTI-FAMILY RESID. HOME CONS TR UC TI ON C H A N G E IN I N V E N T O R I E S 11 12 -5.453 1. 4 8 1 -6.621 1.796 -2.285 292 -4.223 25 1 -4.672 15 8 5.727 780 -1.719 156 -5.448 30 8 -3.190 37 4 0 0 1.074 722 71 0 0 0 0 68 7 79 4 781 13 0 100 0 4.782 1.233 -4.786 26 5 13 14 15 16 17 0 -4.236 99 0 0 0 0 45 206 -46 204 200 6 202 2 588 192 191 126 182 175 7 1.055 178 178 2 0 77 18« 183 5 181 193 185 1 -3 0 186 183 3 -7 7 176 174 12 192 18 8 4 8 NE T F I N A N C I A L I N VE ST . NET ACQU IS . OF FINAN. ASSET DE MA ND DEP. ♦ CURRENCY CONSUMER CREDIT MI SC EL LA NE OU S ASSETS INSURANCE RECEIVABLES E Q . IN S P O N S . A G S . (1) 18 19 6.934 8.694 20 21 22 8.002 2.577 1.46 6 1. 0 8 0 -208 1.149 139 4.474 2.853 2.469 559 1.716 19 4 4.830 1.976 2.582 789 1.532 261 -4.947 2.39 9 1.87 1 -185 1.774 28 2 1.875 951 1. 1 2 6 -486 1.356 256 5.756 3.257 2.532 488 1. 73 1 313 4.335 2.332 2.952 734 1.854 364 -3.549 3.839 2.626 -119 2.342 403 5. 0 5 1 2.667 1.74? -534 1.995 281 3.564 3.407 2.986 49 4 2.152 340 N E T I N C R E A S E IN L I A B I L I T I E S CR ED IT MA RK ET INSTRUMENTS MORTGAGES HOME MORTGAGES MULTI-FAMILY COMMERCIAL 32 7 886 287 63ft 155 266 3 4 5 6 7 8 9 12.20 1 23 955 6.17 1 87 6 8.417 10.379 9.236 617 7.283 1.336 24 25 20 4 488 727 416 69 31 7 13 7 247 -293 -313 291 23 7 140 -315 48 3 242 -223 -397 26 27 -1.152 -6 0 8 -1.052 -910 1.304 -193 1.865 -244 2.956 -7.277 -69 96 7 -4 3 2.835 -336 2.405 -402 -102 -7.259 2.619 385 -1?9 -228 -235 S H A R E S IN F I C B t S . B A N K S (1) 11/73 FIGURES ARE TENTATIVE ESTIMATES BASED ON INCOMPLETE INFORMATION. -668 net income CONSUMPTION SURP. * GR OS S 6 7 8 9 20 DEBT LIABILITIES BUSINESS 16.831 -4 7 6.826 371 6.455 6.779 3 4 5 TRADE OTHER 1 2 TAXES SAVING BANK LO AN S N.E.C. OTHER LOANS TRADE D E B T » NET PR O P R I E T O R NET INVESTMENT FO R C O O P S . A N D L A N D BANKS. 18 AUGUST 1973 CORPORATE BUSINESS corporate 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 (MILLIONS OF DOLLARS) UNADJUSTED QUARTERLY UNADJU S T E D QUARTERLY FLOWS II 10 7 2 IV III I 4 5 6 7 8 74.158 34.917 21.146 18.095 3.471 -6.917 62.818 77.467 14.489 6.914 4.928 2.647 597 -1.441 14.053 15.856 16.037 7.268 4.897 3.872 574 -1.299 14.551 17.698 16.979 8.077 4.722 4.180 72 0 -1.441 14.284 17.743 16.485 7.308 5.680 3.497 1. 0 1 9 -739 14.798 18.575 II I NONFINANCIAL CORPORATE 63.990 29.567 20.227 14.196 2.910 -4.920 57.686 69.872 5 FLOWS 19 71 1 2 3 business INVESTMENT III BUSINESS 18.925 8.897 5.055 4.973 742 -1.930 15.784 19.569 16.629 7.788 5.086 3.755 728 -1.938 15.120 17.665 18.165 8.552 5.008 4.605 774 -1.518 15.725 19.586 20.439 9.680 5.997 4.762 1.227 -1.531 16.189 20.647 21.966 10.505 5.157 6.260 1.03A -4.14A 16.482 19.632 26.336 12.567 5.031 8.621 1.185 -5.593 16.838 21.051 PROFITS BE FO RE TAX - PROFITS TAX ACCRUALS - NET D I V I D E N D S PA ID ♦ UNDISTRIBUTED PROFITS ♦ FGN. BR A N C H PR O F I T S ♦ IN V. 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 AL L. ■ GROSS INTERNAL FUNDS 1 2 3 4 5 9 10 11 12 13 14 15 16 6 7 8 56.917 86.745 81.771 76.833 4.938 4,974 62.503 100.660 93.867 88.189 5.678 6.793 15.956 20.411 17.343 17.115 228 3.068 15.470 23.549 21.785 19.799 1.986 1.764 13.476 20.147 20.851 18.674 1.977 -704 12.015 22.638 21.792 21.045 74 7 846 20.103 22.351 19.924 19.766 158 2.427 16.689 26.516 24.877 22.597 2.280 1.639 15.715 24.529 23.779 21.580 2.199 750 9.996 27.264 25.287 24.246 1. 04 1 1.977 18.474 25.38? 22.582 22.739 -157 2.800 21.920 29.837 28.631 26.163 2.468 1.206 G R O S S I N V E S T M E N T (10 ♦ 15) CAPITAL EXPENDITURES FIXED INVESTMENT PLANT AND EQUIPMENT RESIDENTIAL CONSTRUCTION C H A N G E IN I N V E N T O R I E S 15 - 2 9 . 8 2 8 16 23.002 ■38.157 30.729 -4.455 2.415 -8.079 4.930 -6.671 7.597 .• 1 0. 62 3 8.06 0 -2.248 6.574 -9.827 4.502 - 8 . 8 1 4 .>1 7. 26 6 12.386 7.267 -6.908 10.581 -7.917 13.372 NET FINANCIAL INVESTMENT F I NA N C I A L US ES OF FUNDS.NET 10.561 678 3.600 1.036 2.404 1.843 5.068 38 3.110 -2.386 1.695 1.611 -6 7 -2.156 700 -851 906 1.084 250 967 914 2.658 1.05 0 -1.137 1.247 1.242 250 -490 -973 700 -1.924 72 7 73 0 25 0 -1.184 -51 51 0 -323 -825 -745 250 1.739 286 322 250 1.898 -1.894 1.500 1.642 -926 1.326 250 6.781 1.1 0 0 328 -1.655 800 -1.878 1.507 1.304 250 6.414 2.717 209 -1.194 -312 250 7.003 1.914 75 0 2.815 1. 4 4 5 -1 7 1 25 0 248 4.524 1.318 -669 250 LIQUID ASSETS D E M A N D DEP. AN D CURR. TIME OEPO SI TS U.S. GOVT. SE CURITIES COMMERCIAL PAPER SECURITY R.P.*S ST AT E AND LO CA L OBLIG. 17 18 19 20 21 22 23 15 9 1.481 2.323 1.440 619 259 191 3.124 1.624 1.259 -692 49 0 -36 246 273 7 -1.251 5,028 2.469 1.396 787 280 449 3.937 606 -368 681 289 355 5.914 2.182 686 1.198 294 2.019 4,871 -918 -333 -882 293 -1.152 6.061 3.774 2.311 1.178 282 742 4.487 1.362 1.700 -628 285 5 CONSUMER CREDIT TRADE CREDIT M I SC EL LA NE OU S ASSETS F G N . D I R . I N V E S T M E N T (1 FGN. CU R R E N C I E S INSURANCE RECEIVABLES EQ . IN F E D . S P O N . AG. 24 25 26 27 28 29 30 9 10 11 12 13 14 17 18 19 20 21 22 6 1 . 100 1 .1 1 0 23 1.000 1.000 24 25 26 27 28 29 30 57 2 5.630 6.239 3.782 1.387 1.04 7 23 1.572 19.750 4.339 1.381 1.784 1.15 6 18 -1.037 1.717 1.802 1.268 28 4 24 0 31 32 33 34 52.830 47.370 11.701 35.669 68.886 6.870 9.076 1.779 7.297 13.009 14.386 3.480 10.906 14.268 12.956 3.810 9.146 18.683 10.952 2.632 8.320 8.822 8.397 2.135 6.262 14.329 16.611 3.205 13.406 16.081 54.639 10.396 44.243 11.420 2.557 8.863 29.654 18.211 2.499 15.712 17.489 15.798 2.402 13.396 21.289 19.450 1.959 17.491 35 36 37 38 39 18.807 11.443 955 2.601 7.887 12.187 15.626 617 2.985 12.024 5.466 1.526 -208 481 1.253 5.399 3.032 559 724 1.749 3.583 3.792 789 651 2.352 4.359 3.093 -185 745 2.533 2.775 2.390 -486 569 2.307 3.812 4.013 488 704 2.821 3.037 4.668 734 660 3.274 2.563 4.555 -119 1.052 3.622 1.537 2.817 -534 827 2.524 2.544 4.510 494 956 3.060 40 41 42 43 44 4.768 -1.460 1.885 568 226 13.951 -538 2.776 493 241 -2.160 1.077 1.317 13 5 71 3.037 -1.387 747 14 5 78 1.827 639 -705 133 2.064 -1.789 526 1 55 67 -697 717 1.074 114 3 4.293 444 814 12 6 30 1.372 -572 30 6 10.057 -1.934 964 132 -45 9.907 -97 617 169 52 8.983 -1.127 582 15 2 15 6 951 3.532 1 78 1.257 10.026 160 3.344 -1.900 247 -1.618 3.236 1.110 238 267 2 10 151 7.396 184 1.723 -937 -361 10.246 4.222 1.981 5.790 6.560 -8.088 5.756 -2.438 5,965 6.461 2.880 3.082 13.251 3.871 2.382 7.118 10.651 -5.155 7.181 1.15A 7.961 7.542 -869 1.251 15.413 47.570 132.722 46.311 45.320 113.837 45.396 44.331 121.873 36.752 46.833 126.527 28.016 47.011 135.499 50.558 47.079 125.237 36.132 47.360 132.048 57.629 47.823 129.288 52.777 47.717 141.736 58.621 1.991 3.585 -116 611 13.476 160 1.993 -4.323 12 4 -747 -631 48 49 50 12.955 2.045 27.751 14.964 6.274 34.011 -100 2.273 6.040 5.959 51 52 53 46.205 124.148 41.119 47.084 129.939 43.952 47.718 128.727 35.750 1 2 .112 (1) ARE TENTATIVE 10 594 1.143 -425 45 46 47 11/73 FI G U R E S 101 -3.320 855 18 3 ES T I M A T E S BA SE D ON INCOMPLETE 221 FIN. SO UR CE S OF FUNDS, NET N E T F U N D S R A I S E D IN M K T S . NET NEW SHARE ISSUES DEBT IN STRUMENTS C O R P O R A T E B O N D S (1) 35 MORTGAGES 36 HOME MORTGAGES 37 M U L T I - F A M I L Y M O R T G A G E 38 CO MM ER CI AL MORTGAGES 39 BANK LO AN S N.E.C. OPEN-MARKET PAPER F I NA NC E CO. LOANS M I SC EL LA NE OU S ASSETS U.S. GO VE RN ME NT LOANS 40 41 42 43 44 PROFIT TAX LIABILITY 45 TRADE DEBT 46 M I S C E L L A N E O U S L I A B I L I T I E S 47 DISCREPANCY ME MO - NET TR AO E CR ED IT PROFITS TAX PA YM EN TS PERCENT RATIOS! EFFECTIVE TAX RATE CAP. O U T L A Y S / I N T . FU ND S CR.MKT. BORROWING/CAP.EXP. F O RE IG N INVE ST ME NT EX C L U D E S AM OU NT S F I N A N C E D BY B O NO A N D B O N O I S S U E S O U T S I D E T H E U. S. A R E E X C L U D E D SOURCES OF INFORMATION. 31 32 33 34 I S S U E S ABROAD, FROM FINANCIAL FU N D S ABOVE. 48 49 50 51 52 53 18 AUGUST 1973 GOVERNMENTS GOVERNMENTS SECTOR STATEMENTS OF SAVING ANO INVESTMENT (MILLIONS OF DOLLARS) 6 UNADJUSTED QUARTERLY 1 9 71 1972 FLOWS I 1 UN ADJUSTED QUARTERLY FLOWS 19 71 ][ 6 II IV III STATE I 1 ANO l o c a l 1972 I II governments III - general I 1 IV 1973 I II funds 1 113.784 2 38.534 3 136.229 4 12.045 5 4.044 * 6 6.824 -2.780 7 128.771 48.384 150.538 13.485 13.132 7,262 5.870 2S.808 8.591 31.822 2.897 -320 1.793 -2.113 28.192 10.087 34.049 3.025 1.205 1.727 -522 26.587 9.677 35.196 3.037 -1.969 2.007 -3.976 33.197 10.179 35.162 3.086 5.128 1.297 3.831 29.737 10.049 34.986 3.383 1.417 1.146 271 32.499 12.976 37.237 3.316 4.922 2.556 2.366 29.885 11.065 39.009 3.374 -1.433 1.885 -3.318 36.650 14 .2 04 39.306 3.412 8.226 1.675 6.551 33.004 12.788 39.631 3.324 2.837 1.928 900 35.246 13.457 42.514 3.302 2.887 1.773 1.114 8 -13.514 -1.826 11.046 8.596 1.819 6.777 1.961 2.106 1.383 723 -155 -3.727 1.562 1.512 -1.442 2.954 -147 -46 40 1 -447 -4.911 -389 319 277 42 -738 -635 -604 -31 -108 5 30 -6.017 -1.710 -765 -1.470 705 -873 -928 -607 -321 49 -1.079 2.950 1. 9 1 1 475 1.436 7 41 768 711 57 -30 3 298 -757 2.065 1.890 600 1.290 97 213 141 72 -119 3 78 -3.791 -4 61 -447 -737 290 -4 -85 -509 4?4 79 3.801 6.492 5.242 1.481 3.761 1.127 -683 305 1.54? -1.446 2.988 -1.536 -1.360 - 8 41 -519 -176 -1.637 1.983 636 1.193 -557 1.290 1.327 627 700 -37 2 -10 2 0 -7 2 1. 1 4 1 4.583 5.122 1.664 3.458 -680 -639 -385 -254 -45 4 141 123 299 3.442 3.295 3.204 -113 3.317 91 147 4.029 3.882 3.615 432 3.183 267 147 2.822 2.672 2.975 -539 3.514 -303 150 3.330 3.179 3.053 -154 3.207 126 151 2.691 2.542 2.287 -735 3.022 255 149 988 838 764 -1.483 2.247 74 150 3.620 3.471 3.521 215 3.306 -50 149 2.690 1.350 3.123 473 1.592 2.751 9 10 11 12 13 1* 15 16 17 18 19 4.046 6.188 -971 7.159 -2.438 -2.248 -1.195 -1.053 -206 16 296 10 -102 1 489 197 23 24 25 26 17.560 16.991 16.626 2.434 14.192 365 569 12.872 12.275 11.930 -996 12.926 345 597 5.289 5.159 5.066 1.134 3.932 93 13 0 4.522 4,379 4.447 824 3.623 14 3 4.307 4.158 3.909 589 3.320 249 149 27 10.734 7.696 1.614 4.389 2.041 20 21 22 -68 6 1.210 1.040 170 -85 2.750 EMPLOYEE U.S. 1 19 8. 85 1 2 2 8 . 6 8 4 2 89.894 107.917 TA X R E C E I P T S SO C . i n s . ♦ grants recd. PURCH.OF GOODS ♦ SERVICES NET INTEREST ♦ TRANSFERS PAID NET SURPLUS, NIA BASIS L E S S - R E T I R E M E N T C R E D I T TO HH. EQUALS-GROSS SAVING NET FINANCIAL INVESTMENT N E T A C Q . OF F I N A N . A S S E T S TOTAL D E PO SI TS ♦ CURRENCY DEMAND DEPOSITS ♦ CURREN TIME D E P O S I T S C REDIT MKT. IN STRUMENTS U.S. GOVT. SE CU RI TI ES DIRECT U. S . G . A G E N C Y SEC. S T A T E ♦ L O C A L SE C . 0 HOME M O RT GA GE S 57 TA X R E C E I V A B L E S RETIREMENT N E T 1N C R . IN L I A B I L I T I E S CREDIT MARKET BORROWING STATE ♦ LOCAL OBLIG. SHORT-TERM OTHER U.S.GOVT. LOANS TRADE DEBT ARE IN 52.439 21.298 8.515 4.699 17.927 64.043 31.142 9.547 5.052 18.302 58.213 28.995 9.320 4.950 14.948 53.989 26.482 10.448 5.214 11.845 63 .3 61 25.300 11.161 5.100 21.800 68.313 27.200 13.116 5.500 22.497 TOTAL RECEIPTS, NIA BASIS PERSONAL TAXES CORP . P R O F I T S TAX A C C R U A L S 104.446 47.836 13.452 78,842 -15.892 3.222 -19.114 51.819 23.376 10.808 3.584 14.051 -3.816 215 -4.031 55.497 24.374 12.399 3.250 15.474 -870 1.875 -2.745 56.829 56.900 24.195 26.122 13 .7 80 9.983 3.405 3.366 15.449 17.429 -6.324 -11.184 250 574 -6.574 -11.758 57.784 25.863 61.692 26.980 12.254 3.264 19.194 2.351 2.151 60.637 64.463 25.240 26.363 12.160 13.210 3.366 3.482 21.408 19.871 -2.424 -10.474 848 287 -2.711 -11. 32 2 63.571 25.773 11.388 3.698 22.712 67.202 27.600 12.606 3.806 23.190 -210 1.111 -172 -3 8 2.347 -1.236 TO TA L E X P E N D I T U R E S , NIA BA SI S GOODS AND SERVICES GRANTS AND DONATIONS NET I N TE RE ST INSURANCE BENEFITS NET SURPLUS* NIA BASIS L E S S - I N S U R A N C E C R E D I T S T O HH EQ UALS-GROSS SAVING 14 - 2 5 . 0 0 0 - 2 0 . 1 1 6 868 15 4.055 3.301 -968 16 17 3.222 2.313 -4 5 18 19 37 -243 20 3.189 2.551 -4.252 -2 .0 1 6 -3.317 1.196 -3 •24 1.223 -3.126 73 0 4.172 956 -4 43 917 -7.475 -10.147 2.344 2.997 1.106 1.340 626 444 0 3 51 -3 3 575 474 -4.050 1.898 -629 1.05 6 -3.107 5.723 1.533 415 5 -476 21 22 1.333 -3.801 500 -977 1.197 -1.092 -3.022 -1.376 1.830 -1.218 23 24 25 26 27 28 29 29.055 25.500 2.425 23.598 -523 2.914 641 20.984 17.317 3.295 10.624 3.398 3.222 445 2.236 1.574 480 1.820 -726 215 447 3.856 1. 8 2 0 676 30 31 -108 32.001 1.0 02 221 37.330 6.628 7 8 9 10 11 12 13 98.067 46.970 13.605 62.403 -22.194 2.914 -25.108 10.212 3.340 18.369 -5.345 -64 -5.281 -5.689 -1.535 -3.424 820 200 523 -3.263 1.662 -5 3 -10.900 3.768 1.423 490 5 0 69 - 1 91 98 7 676 1 -1 77 742 -198 14 6 886 -361 -3.274 17 -123 -13 -752 642 1.328 -115 1.227 -158 -5.017 14 5 1.71 4 -243 2.576 -7 2 1 3.431 344 -2.900 -268 -5 6 1.875 161 9.819 9.603 612 8.924 67 250 -34 13.144 12.503 657 11.654 192 57 4 67 4.154 4.293 797 2.928 568 -64 -75 -3.786 -5.651 847 -6.859 361 2.15 1 -286 5.948 5.738 77 2 3.824 1.14 2 287 -7 7 14 .6 68 12.937 879 10 . 7 3 1 1.327 848 883 8.830 8.839 891 7.310 638 -172 163 -2.913 -5.935 91 1 -6.853 7 2.347 675 381 11.904 90 1 6.451 -1.611 7.018 408 7.288 -323 14.564 1.33 9 7.606 -422 7.872 3.069 7.730 -875 16.016 1.200 FEDERALLY SPONSORED CREDIT 84 84 21 21 21 21 20 21 21 22 2? 2 3.410 54 2.802 -1.525 5.598 730 -2 .001 -17 695 -2.679 554 6.610 -48 6.013 -1.418 5.486 1.190 755 28 5 427 43 645 556 13 225 -1.023 -18 -1.136 -681 1.345 232 -2.032 1.901 1 93 1.31 6 1.834 -80 1.853 1.560 1.537 1.113 5 300 -1.821 1.214 316 59 1 109 -179 661 80 8 1.704 -1.466 17 9 299 -1.944 61 1.959 25 1.624 -427 1.39 3 294 36 4 -131 41 2 83 31 0 2.236 -730 1.342 358 1.266 128 -105 1.243 -534 3.042 35 2.910 -305 1.38 9 484 1.342 597 304 44) 97 6.086 -24 6.165 631 1.894 527 3.113 -170 558 2.725 -55 3.315 4.296 4.296 6.464 6.182 6.182 1.778 1.392 1.392 1.934 2.115 2.115 0 0 11 11 0 1.052 1.083 1.08 3 1.700 1.592 1.592 2.945 2.684 2.684 6.030 5.875 5.875 0 0 0 0 0 -981 282 -62 0 -1.355 -159 0 504 0 -20 2 -22 29 29 386 -36 -181 -4 -31 -4 0 108 18 261 -75 6 7 8 9 10 11 12 13 14 15 16 17 18 -11 -10 47 1 160 -396 123 406 -925 318 515 -112 - 1.028 1.990 188 16 6 -162 529 -2.449 131 396 392 1.976 -134 2.397 19 4 1.792 150 261 134 -172 29 9 -287 -1.042 313 313 1.858 2.017 2.017 1.984 1.95 5 1.955 -68 222 indirect INSURANCE taxes RECEIPTS N E T I N C R E A S E IN L I A B I L I T I E S U.S. G O VT . S E C U R I T I E S SAVINGS BONDS D I R E C T E X C . S V G S . B D S. B U D G E T A G E N C Y SEC, L I F E .♦ R E T I R E M E N T R E S . OTHER LIAB IL IT IE S DISCREPANCY M E M O — CORP. (1 3- 14 ) TAX R E C E I P T S , NET 2 23 C U R R E N T SURPLUS N E T I N C R E A S E IN A S S E T S O E M A N D DEP. ♦ C U R R E N C Y C R E D I T MKT. I N T R U M E N T S U. S . G O V T . S E C U R I T I E S RESIDENTIAL MORTGAGES FARM MORTGAGES OTHER LOANS TO C O O P S (BC) TO F A R M E R S (FICB) T O S ♦ L » S (FHLB) MI SCELLANEOUS ASSETS 6 7 8 9 10 11 12 13 23 24 25 26 27 28 29 30 31 1 2 3 4 5 (1) 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 O I T MKT. I N S T R U M E N T S A G E N C Y S E C U R I T I E S (1) 0 U.S. G O V E R N M E N T L O A N S 15 5 MISCELLANEOUS LIABILITIES -33 DI SC RE PA NC Y ALL G N M A - G U A R A N T E E D S E C U R I T I E S B A C K E D BY M O R T G A G E P O O L S AR E I N C L U D E D IN A G E N C Y S E C U R I T I E S ( L IN E 1 3 ). T H E M O R T G A G E P O O L S A R E I N C L U D E D IN R E S I D E N T I A L M O R T G A G E S (L I N E 5) . 11/73 FIGURES ARE TENTATIVE ESTIMATES BASED ON INCOMPLETE INFORMATION. 3 4 5 NET FINAN. IN VESTMENT 14 N E T A C Q U I S . OF F I N A N , A S S E T 15 D E MA ND DEP. ♦ CURR EN CY 16 C R E D I T M A R K E T I N S T R U M E N T S 17 AGENCY S E CU RI TI ES 18 MORTGAGES 19 OTHER LOANS 20 EX CE SS OF TAX ACCR UA LS OVER RECEIPTS 21 OTHER FINANCIAL ASSETS 22 THIS G R O U P C O N S I S T S OF F E D E R A L H O M E L O A N B A N K S * F E D E R A L N A T I O N A L M O R T G A G E ASSOCIATION, FEDERAL IN TERMEDIATE C R ED IT BANKS, BANKS FOR COOPERATIVES, AN D F E D E R A L L A N O BA NK 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 AND 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 19 69 AN O FR 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 L L Y E A R S . (1) 1 2 AGENCIES 1 3 4 5 13 14 15 16 17 18 19 GOVERNMENT 45.716 22.297 8.346 5.128 9.945 6 221.045 244.576 9 10 11 12 27 50.505 24.318 8.28 1 5.036 12.870 37.830 19.915 63.022 7 8 INSURANCE SECTOR. 54.627 24.008 8.882 5.214 16 .5 23 33.334 20.415 55.208 6 23 24 25 26 48.003 19.271 7.825 5.037 15.870 3 4 5 3 4 5 20 21 22 DISCREPANCY FUNDS 1 2 6 7 8 9 10 11 12 13 14 15 16 17 18 16 AUGUST 1973 BANKING SYSTEM BANKING SYSTEM SECTOR STATEMENTS OF SAVING AND INVESTMENT (MILLIONS OF DOLLARS) 7 UNADJUSTEO QUARTERLY FLOWS UNADJUSTED QUARTERLY | 1971 1972 1 19 71 I 7 11 I IV III monetary 1 1072 I II I I IV III FLOWS 1973 I II AUTHORITIES 1 -55 101 -15 -12 -13 -15 25 25 26 25 28 30 2 8.260 -832 478 82 -296 8.846 8.644 2.072 -371 511 -235 1.828 121 -1.711 56 2.280 2.199 1.177 -277 84 -23 -64 2.106 2.109 -1.140 -545 268 -1.670 991 -184 -66 171 626 -900 1.629 1.699 -3 6 1 99 134 41 2 71 2 -1.718 -1.707 2 ,047 -369 1.942 18 4 339 4.951 -5 123 1.817 -343 3.359 3.159 1.526 686 990 -315 150 2.576 -190 10 7 -1.852 3? 4.479 4.420 312 -13 117 -272 -242 722 821 8.335 3.636 494 1.971 -2.141 1.125 526 1.782 183 -1.382 404 1.841 874 466 4.966 2.364 -559 -1.165 683 509 1 . 50 1 -989 -1.251 -387 -7 9 0 2.041 2 .022 - 1 .0 45 -1 74 2.548 1.226 23 4 282 -2.252 -1.271 897 119 3.392 -205 -284 -96 4.412 -1.045 -246 58 -972 -279 387 -32 1.685 -60 746 10 1 92 2.706 353 -1.165 -204 -1.050 62 1.376 37 3.014 -478 -59 -1.466 365 -1 7 130 3 .9 14 - 7 86 1.589 41 -1.396 854 3 4 5 6 7 6 9 10 11 12 13 14 15 -1 55 1.101 1.002 -2 7 -219 COMMERCIAL BANKING 0 -686 75 113 263 1 .139 457 413 12 13 14 15 3 4 5 3.570 -453 23 2.092 1.908 4.611 O T H E R S E C U R I T I E S ♦ MTG. ST AT E ♦ LO CA L OBLIG. CORPORATE BONDS HOME MO RT GA GE S OTHER MORTGAGES 10 11 12 16.360 1.82? 16.218 -1.680 21.0 11 O T H E R CR. E X C , S E C U R I T Y CONSUMER CREDIT BANK LO AN S N.E.C. o p e n -m a r k e t p a p e r 15 16 17 18 805 624 812 62 6 844 628 934 615 1. 0 7 7 61 8 1.135 619 1.333 62 1 3 4 5 58.492 127 51.350 50.592 6.944 3.115 3.829 78.256 169 74.597 69.711 6.463 2.400 4.063 5.725 16.770 35 16.990 17 .2 77 - 1.122 -1.522 400 10.077 64 7.640 7.363 -93 -1.445 1.35 2 25.920 7 26.237 23.348 7.713 6.213 1.500 5,447 47 2.992 3,816 -1.447 -2.266 81 9 21.102 16 ,8 06 53 14,023 13.721 1,314 233 34.901 7 36.011 34.243 8.088 5.955 2.133 16 .0 29 483 2.604 446 -131 577 9.578 13.894 -6.036 -6.357 321 23.822 12.607 1.275 5.691 4.249 24.828 6.318 1.711 8.984 7.815 5.828 4.310 369 534 615 7.693 4.409 369 1. 59 1 1.324 4.436 871 268 1.954 1.343 5.865 3.017 26 9 1.612 96 7 5,768 2.205 464 1. 5 5 1 1.548 6.661 1.689 472 2.218 7.182 1.998 25 0 2.864 2.070 5,217 426 525 2,351 1,915 12.762 3.441 9.587 -266 5.225 3.017 2.656 -448 20,938 2,909 16,999 1,030 13 14 9 10 11 N E T A C Q. O F F I N A N , A S S E T S D E M A N D OEP. ♦ C U R R E N C Y TOTAL BANK CREDIT CREDIT MARKET INSTRUMENTS U.S. G O V T S E C U R I T I E S DIRECT AGENCY ISSUES 82 9 624 10 11 12 7 8 22.872 -19 23.259 24.011 -1.611 -3.568 1.957 646 553 9 6 1 2 538 533 7 3 4 5 CURRENT SURPLUS PLANT ♦ EQUIPMENT 3.667 2.487 8 1 2 (1) 2.818 2.334 6 SURPLUS N E T A C Q. OF F I N A N . A S S E T S GOLD AND FOREIGN EXCHANGE T R E A S U R Y CURR . ♦ SOR CTFS. F.R.# FLOAT F. R . L O A N S TO D O M E S T I C B A N K CREDIT MKT. IN ST RU ME NT S U.S. GO VT . S E C U R I T I E S N E T I N C R E A S E IN L I A B I L I T I E S MEMBER BANK RE SERVES V A UL T C A S H OF COML . B A NK S DE MA ND DEPOSITS AND CURRENCY DUE TO U.S. G O V E R N M E N T 622 D U E T O R E S T OF T H E W O R L D 27 CURRENCY OU TS ID E BANKS 3.692 -536 OTHER 1 2 21 CURRENT 62 19.571 17.931 -1.492 -2.370 878 2.2 82 1.0 81 20 -20 4 2.538 2.089 6 7 8 9 13 14 15 16 17 18 19.826 6.689 12.351 786 38.420 10.084 28.540 -204 -3.670 325 -3.740 -255 10.706 2.548 8.199 -41 3.020 1.996 1.389 -365 9.770 1.820 6.503 1.44 7 -505 71 7 -702 -520 19 -17 775 129 4.757 15 -2.136 17 -304 -27 30 4 -22 87 -911 42 1.59 8 0 0 0 0 2.911 302 3,768 -4.316 -752 4.132 1.664 1.219 -1.016 1.428 3.078 1.965 1.032 2.224 -978 2.085 -1.362 1.340 13 1.80 5 -1.466 -663 1.192 12 5 1, 0 9 1 -2.240 4,067 -358 1. 25 1 802 677 -1,219 -3,566 23 1.6 68 1. 4 6 0 4.125 84 6 -3.523 2.782 373 24 25 26 27 56.292 12.995 2.231 10.764 75.612 6.009 16.352 -11.373 706 -3.418 15.646 -7.955 15.340 10.757 3.892 6.865 9.901 -2.785 508 -3.293 25.042 5,426 16.396 -10,151 -1,429 1.249 15.147 -8,722 19.651 5.829 34 3 5.486 16,824 -129 38 7 -516 33,711 20,803 1,405 19,398 15.847 -13.727 475 -14.202 21.139 7.083 -1.064 8.147 28 29 30 31 41.363 8.685 32.418 260 42.343 9.760 33.045 -462 16.446 1.449 14.941 56 6.728 1.003 5.687 38 7.720 4.544 3.062 114 10.469 1.689 8.728 52 10.433 -1,546 11.882 97 10.114 2.614 7.424 76 10,656 5,377 5,553 -274 11.140 3.315 8.186 -361 18 .4 98 10.852 7.423 223 10.030 4.227 5.732 71 TIME DEPOSITS LARGE NE GO TI AB LE COiS O T H E R AT C O M M E R C I A L B K S . AT F G N . B A N K I N G AG. 28 29 30 31 32 33 34 35 36 37 38 39 82 -296 1.664 4.257 -27 -3.746 -5.319 1.573 -369 1.942 1.428 4.816 -1.711 56 1.032 1.270 228 61 -3.824 3.885 -1 55 2.085 -189 -435 -3.660 -1 .4 11 -2.249 -23 -64 13 1.896 1.817 -343 -1.466 1.280 68 -3.179 -1.339 -1.840 41 2 71 2 802 1, 6 2 7 130 2.614 99 8 1.616 4,737 -814 5,551 -1.852 32 4.125 5.418 275 3.078 -277 3.355 -272 -242 2.782 -464 1 12 626 -900 4.067 -160 -285 360 341 19 263 1.139 -3.566 -805 3.032 1.255 1.777 -1.670 991 125 4,154 -45 1.589 408 1. 1 8 1 F.R. FLOAT B O R R O W I N G AT F . R . B A N K S OTHER INTERBANK CLAIMS CREDIT MARKET DEBT PR OF IT TAX LI AB IL IT IE S MISCELLANEOUS LIABILITIES LIAB. TO FGN. AF FI LI AT ES OTHER 32 33 34 35 36 37 38 39 -1.716 -1.464 289 -1.337 29 -697 165 -1.235 337 -7 31 334 - 1.021 20 21 22 40 -200 9.300 933 8.367 1.020 (1) 0 2.222 3 2.219 CORPORATE EQUITIES SECURITY CREDIT VAULT CASH ♦ MEM.BK.RES. OTHER INTERBANK CLAIMS MISCELLANEOUS ASSETS N E T I N C R E A S E IN L I A B I L I T I E S DE MA ND DE POSITS* NET U.S. g o v e r n m e n t OTHER DISCREPANCY C O N S I S T S OF C H A R T E R E D C O M M E R C I A L B A N K S * T H E I R D O M E S T I C A F F I L I A T E S * E D G E A C T C O R P O R A T I O N S * A G E N C I E S O F F O R E I G N B A N K S * A N D B A N K S IN U.S. POSSESSIONS. E O G E ACT C O R P O R A T I O N S A N O A G E N C I E S OF F O R E I G N B A N K S A P P E A R T O G E T H E R IN T H E S E T A B L E S A S " F O R E I G N B A N K I N G A G E N C I E S . " 11/73 FIGURES ARE TENTATIVE ESTIMATES BASED ON INCOMPLETE INFORMATION. 0 4.057 17.021 -67 19 20 21 22 23 24 25 26 27 40 18 AUGUST 1973 COMMERCIAL BANKING SUBSECTORS COMMERCIAL BANKING SUBSECTORS 8 SUBSECTOR UNADJUSTED STATEMENTS FOR CO MPONENT GR OU PS (MILLIONS OF DOLLARS) QUARTERLY FLOWS 1971 1972 I I IN C O M M E R C I A L 8 BANKING U N AD JU ST ED QUARTERLY FLOWS 1971 I II III I | IV commercial 1072 I II III I I IV 1973 I II banks 1 2 2,818 2,334 3.667 2.487 538 533 646 553 829 624 805 624 812 626 844 628 934 615 1.077 61 8 1,135 619 1.333 621 3 4 5 56.570 51.054 50.279 7.017 3.188 3.829 77.260 73,494 68,824 5,954 2,098 3,856 4,129 896 3,032 455 577 15.502 17.008 17.312 -966 -1.366 400 9.864 7.279 6.975 -162 -1.514 1.352 27.075 25.871 22.960 7.690 6.190 1. 5 0 0 7.214 3. 5 9 1 4.502 -1.611 -2.430 819 19,634 20.144 18.546 -1.364 -2.242 878 16.253 13.375 13,073 1,065 832 233 34.159 36.384 32.703 7.864 5.938 1.926 11.438 7.936 11.917 -6.041 -6.298 25 7 20.578 22.929 23.629 -1.672 -3.630 1.958 25,314 7,114 1,410 8,962 7,828 5,928 4.436 369 513 610 7.644 4.413 370 1.517 1.344 4.425 13 23.865 12.783 1.274 5.584 4.224 267 1.948 1.322 5.868 3.046 26 8 1.606 94 8 6.064 2.496 471 1.547 1.550 6.676 1.68 2 471 2.203 2.320 7,093 1,987 249 2,859 1,998 5,481 949 219 2,353 1,960 3.548 -3 8 1 30 2.088 1. 8 1 1 4.552 -48 0 2.543 2.057 14 15 16 17 18 19.397 6.689 11.922 786 775 37,556 10,084 27,668 -196 4,670 -3.351 325 -3.421 -255 -2.136 10.634 2.548 8.127 -4 1 -304 2.712 1.996 1.081 -365 304 9.402 1. 8 2 0 6.135 1.447 2.911 49 717 -148 -520 -9 1 1 13 .2 34 3.441 10 . 0 5 1 -258 1.598 4,915 3,017 2,346 -448 30 2 19,358 2,909 15 ,4 19 1,030 3,681 14.410 1.822 14.268 -1.680 -3.981 20.749 4.057 16.759 -67 -700 19 4.010 4.132 1,527 -1.016 2.543 1.742 1.965 -223 -924 -978 54 1.351 1.340 1. 84 1 1.805 36 2,685 1.192 1.493 -142 -2.240 2.098 1,417 1, 2 5 1 166 -2,433 -1,219 -1,214 3.242 1.460 1.782 -2.160 -3.523 1.363 2.239 6 7 8 9 10 11 12 20 21 -122 -122 888 11 22 1.50 6 1,491 -582 1.234 -637 938 -368 1,461 208 260 -191 23 24 25 26 54.370 13.382 2.231 11.151 74.616 4,413 19.796 -13,320 706 -3,418 19,090 -9,902 14.072 9.503 3.892 5.611 9.688 -1.632 508 -2.140 26.197 1 8 .8 31 1.249 17.582 7.193 -6.121 -1,429 -4,692 18.183 5.170 343 4.827 16.271 1.633 387 1.246 32,969 19.114 1,405 17,709 11.256 -12.195 475 -12.670 18.845 5,135 -1,064 6,199 27 28 29 41.103 8.685 32.418 42.805 9,760 33,045 16,390 1,449 14,941 6.690 1.003 5.687 7.606 4.544 3.062 10.417 1. 6 8 9 8.728 10,336 -1,546 11,882 10.038 2.614 7.424 10 .9 30 5.377 5.553 11,501 3.315 8,186 18.275 10.85? 7.423 9.959 4,227 5,732 30 31 32 33 34 35 36 1.572 82 -296 1.288 47 309 142 458 -369 1,942 -1,243 339 -392 181 -400 -1,711 56 636 24 450 145 2.085 55 1.605 23 -43 446 -85 -23 -64 -2 8 1. 8 1 7 -343 -1.155 -2,047 -1,670 991 -1,958 1.695 626 -900 1.73 5 1.760 412 712 972 -4 -196 -9 4 -253 0 -6 523 -1.852 32 1.084 71 531 657 905 -272 -242 0 -950 263 1,13 9 -1,992 339 -212 -339 2.056 37 38 39 40 717 214 2.061 -27 1,051 524 1,733 88 68 14 -378 -435 1.280 11 2 146 13 -177 -200 415 194 1.336 228 50 7 -249 0 41 42 43 -4.652 -6.002 1.350 8.449 497 7,952 -430 -3.854 3.424 -3.495 -1.552 -1.943 2.346 978 1.368 44 -1.716 -1,464 289 -1.337 29 -697 -1 202 0 1 2 3 4 5 6 19 5 -114 309 -634 -242 -392 354 -96 450 19 5 -376 571 -634 664 -1.298 354 -657 1.0 11 EDGE ACT 16 5 -1.235 337 -731 334 -1.021 223 334 359 -339 -74 199 -273 167 -269 corporations and -54 414 -611 -172 397 -569 223 269 -46 1.094 819 275 3.410 1.286 -14 -79 342 -42 1,125 89 -515 305 1,246 0 0 0 0 0 -335 1.084 71 657 647 -201 -410 foreign -1.583 -636 203 -345 2,186 -113 -97 603 466 109 15 -223 -128 406 488 -486 -8 0 0 0 0 0 8 -17 129 87 -1.243 339 181 829 15 17 -27 87 42 0 0 0 0 0 0 636 24 145 909 1.605 23 446 -617 0 202 0 -22 0 -1.155 -1.956 1,735 972 0 0 0 0 -196 -447 -253 -203 596 326 369 153 -196 -639 87 -1,992 339 -588 987 1.285 1.947 56 -223 -18 1.147 1.254 38 54 46 -54 -1.153 114 388 -1.160 -2.435 52 36 1.225 -1.583 -4.030 97 1,493 1,392 2,186 659 76 2,098 -801 603 -1,762 -274 166 1,710 -42 1,689 -361 -1,214 -1,457 3.410 -1.53? 223 1.782 1.985 -477 30 -507 -245 141 -386 586 277 309 -38 23 5 -273 -535 -214 -321 154 431 -277 763 410 353 1 , 30 1 - 1 91 1,492 950 -107 62 -26 -31 27 122 53 214 140 -4 56 1 7 81 135 0 1.288 47 142 -358 13 14 15 16 17 18 1.218 -387 26 0 1 , 64 1 1.164 -3.444 -462 2.543 844 19 -174 683 -857 1.683 436 1.247 20 21 -122 banks 1 2 3 4 5 509 1 27 311 161 17 466 16 9 287 205 69 4 9 -43 21 1 12 30 56 -36 35 92 25 13 u -8 369 64 72 69 -25 219 7 35 37 -27 -110 47 18 -39 54 0 1 0 54 74 27 25 1 2 6 21 6 4 -2 233 19 1 77 369 219 22 21 10 132 10 7 25 71 -13 IP 5 •176 -163 11 509 466 -43 -36 -20 0 -8 1.387 952 2 87 20 ■•8 1 28 19 7 i -47 1 101 -2 1 1 -175 -23 15 -38 -143 77 5 72 -145 -45 473 4 97 -61 -no -107 122 561 87 11/73 FIGURES ARE TENTATIVE ESTIMATES BASED ON INCOMPLETE INFORMATION, 20 827 -807 3 6 0 -52 -86 -212 2,056 97 CORPORATE EQUITIES SECURITY CREDIT DEM. D E P O S I T S AT COM. BANKS T I M E DE P. AT CO M. B A N K S loans to banks MISCELLANEOUS ASSETS 1 , 7 1 3 N E T I N C R E A S E IN L I A B I L I T I E S 1,948 D E M . D E P . IN M O N E Y S U P P L Y TIME DEPOSITS 71 D E P O S I T S OF B A N K S 1,363 -1,099 LOANS FROM BANKS -570 -391 -179 MISCELLANEOUS LIABILITIES DUE TO FGN. AF FI LI AT ES OTHER 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 . s. p o s s e s s i o n s 0 1 7 9 in -2 1 26 6 8 11 -1.160 473 -14 20 banks 0 9 -1 1.094 563 5 31 543 10 11 12 0 -111 7 0 0 8 0 -172 -32 -140 6 1.218 116 -234 -193 1.147 -327 -181 -17 of -611 -476 -135 -20 0 12 -8 3 4 5 1.285 •*"444 -39 -182 agencies BANKS 1.164 842 304 -865 297 1.114 1 2 1 2 3.036 394 2.644 -214 73 -287 27 28 29 1.713 NET ACQ. OF F I N A N C I A L ASSETS CREDIT MA RK ET INSTRUMENTS -90 U.S. GOVT. SECU RI TI ES -33 37 S. ♦ L. G O V E R N M E N T SE C. CORPORATE BONDS 3 BANK LO AN S N.E.C. -97 OPEN-MARKET PAPER 0 1.764 -279 2.043 -102 157 41 116 CD'S 4 5 2,921 -623 3,544 -68 -6 DEPOSITS LA RG E NEG, OTHER N E T 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 MISCELLANEOUS LIABILITIES 2.298 588 1.710 -74 TIME 22 23 24 25 26 1 2 723 -90 813 -94 ASSETS 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 O V E R N M E N T OTHER NET ACQUIS. OF FINAN. ASSETS BANK LO AN S N.E.C. LO AN S TO AF FI LI AT E BANKS 2,507 622 1,885 -120 MISC. NET 19 20 21 44 -3.073 -1.574 -1.499 -214 INTERBANK CLAIMS VAULT CASH ♦ MEM,BK.RES. D E P , A T F G N . B A N K I N G AG. 15 16 17 18 DISCREPANCY 0 17 3 2.594 275 -98 -4 14 41 42 43 137 4 -621 130 -102 CR. EXC. SECURITY CONSUMER CREDIT BANK LO AN S N.E.C. O P E N -M AR KE T PAPER SECURITY CREDIT 9 10 11 12 13 MISCELLANEOUS LIABILITIES LIAB. TO FGN. BR ANCHES OTHER 94 209 539 -285 367 261 -245 68 453 50 2,060 -45 157 -43 OTHER 7 8 37 38 39 40 596 200 O T H E R S E C U R I T I E S ♦ MTG. S. ♦ L. O B L I G A T I O N S CORPORATE BONOS HOME MORTGAGES OTHER MORTGAGES 6 CORPORATE BONDS CORPORATE STOCK SECURITY R.P.'S PROFIT TAX LIABILITIES -111 OF CO MM ER CI AL 3 4 -86 0 -140 -196 DOMESTIC NET ACQ. OF FI NA N. AS SE TS TOTAL BANK CREDIT C R ED IT M A RK ET INSTRUMENTS 5 U.S. GO VT SE CU RI TI ES DIRECT AGENCY ISSUES 30 31 32 33 34 35 36 0 -7 1 2 INTERBANK LIABILT1ES F.R. FL OA T B O R R O W I N G AT F . R. BA NK S DE M. DE P. OF FGN.BK.AG. TIME DE P. OF FGN.BK.AG. LOANS FROM AFFILIATES LO AN S FR OM FGN.BK.AG. -135 36 9 -588 CURRENT SURPLUS PLANT ♦ EQUIPMENT 1 2 561 NE T ACQ. OF F I N A N C I A L A S SE TS -19 D E MA ND DEP. ♦ CU RR EN CY 113 CR ED IT M A RK ET INSTRUMENTS 94 U.S. GOVT. SE CU RI TI ES -9 S T A T E ♦ L O C A L G O V T . SE C. 1 CORPORATE BONDS 27 MORTGAGES -5 HOME MORTGAGES 32 COMMERCIAL MORTGAGES 467 MISCELLANEOUS ASSETS 10 561 11 NET INCR. IN D E P O S I T LIAB. 3 4 5 6 7 8 9 18 AUGUST 1973 NONBANK FINANCE SUMMARY NON 0 ANK FINANCE SUMMARY SECTOR STATEMENTS OF SAVING ANO INVESTMENT (MILLIONS OF DOLLARS) 9 UNAOJUSTED QUARTERLY 1971 1972 FLOWS I 1 UN AD JU ST ED QUARTERLY FLOWS 19 7 1 I 9 IV III II I 1 1072 I PRIVATE NONBANK FINANCIAL II III IV I 1 1973 I II IN ST IT UT IO NS - TOTAL 1 2 4.122 1. 8 5 2 5.200 2.006 702 38 0 1.131 434 1.2 0 2 438 1. 0 0 7 60 0 1.059 332 1. 56 1 630 1. 5 9 1 537 909 507 1.32 3 759 1.435 754 3 4 5 95.637 812 152 -91 104.509 1. 7 9 1 -0 7 71 0 22.152 9 50 434 20.108 -7 0 54 -172 18.329 80 24 -371 25.048 793 24 18 22.981 -1.046 18 712 26.075 719 18 24.028 443 -37 -234 31.425 1.675 -06 352 23 .0 11 198 -75 443 19.252 61.102 2.765 4.099 14.949 18.399 14.0R9 3.263 3.510 2.519 291 1. 6 0 0 15.433 00.180 5.416 3. 4 7 1 13.473 30.247 17.373 6.440 3.760 3.924 209 2.261 5.180 14.361 2.186 835 4.348 2.706 2.691 -908 2.423 5.357 14.605 -733 743 3.344 5.237 3.662 941 1.411 05 7 70 -593 3.782 14.153 1.515 1.46 7 1.514 5.280 3.457 1.491 -571 626 64 -29 4.933 i f.98 3 -203 1 . 05 4 5.743 5.096 4.279 1.759 25 5 92 4 70 30 3 2.836 17.088 2,710 612 2.368 4.637 3.713 49 2.999 2.053 73 1. 2 4 7 4.626 18.626 -601 3.938 8.062 3.990 1.917 290 1.37 8 74 746 2.119 21.608 1.865 70 3 3.O0J. 8.661 4.001 1.869 1.428 372 73 -316 5.052 22.058 1.442 1.134 4.006 8.887 5.669 2.605 -965 82.795 40.826 25.356 2.718 100.595 46.395 24.001 1.465 21.128 13.246 19.697 6.210 6.293 97 17.639 7.471 6.303 657 24.331 9.107 6.550 1.219 21.888 20 21 22 25.120 10 .9 62 7.032 -27 23 24 25 26 27 28 29 30 6.206 4.204 1.994 134 1.397 -1.523 1.156 -2.679 15.915 5.015 1.153 480 5.919 2.548 2.505 43 1.108 413 36 16 0 -1.706 -781 -925 1.168 807 1.234 34 1.723 -2.630 -181 -2.449 707 059 27 1 17 -1.032 592 196 396 4.320 1. 4 3 0 76 47 546 2.221 -62 1.470 5 51 155 -1.743 1.922 299 -1.944 31 32 33 1.134 -127 6.602 4.098 304 7.617 -1.425 308 2.033 -552 -391 2.080 81 124 2.296 3.030 -168 273 2 .100 34 -572 -800 -622 286 -310 -366 6 7 8 9 10 11 12 13 14 15 16 17 16 19 1 12 87 1.919 745 11 11.002 74 SAVINGS 14.711 4.719 771 CURRENT SURP LU S PHYSICAL INVESTMENT 1 2 24.931 32 9 -117 13 NET ACQUIS. OF FINAN. ASSETS DEM. D E P O S I T S ♦ CURR EN CY T I M E D E P O S I T S (MSB) S* L S H A R E S ( C RE DI T UNION) 3 4 5 69 584 1.499 20.997 2.003 354 1.919 6.319 4.459 1.009 4.134 - 1.120 65 1.004 3.455 21.262 -744 1.043 2.226 6.781 5.156 2.783 2.017 -1.632 62 1.55 9 CORPORATE SHARES CRED IT MA RK ET INSTR. U.S. GO VT . SE CU R I T I E S ST AT E ♦ LO CA L OBLIG. CO R P O R A T E ♦ FGN. BONDS HCMF MO RT GA GE S OTHfcK M U K T u A o I S CONSUMER CREDIT OTHER LOANS SECURITY CREDIT TRADE CREDIT MISCELLANEOUS ASSETS 22.721 10.104 6.476 259 30.866 10.618 6.574 462 23.031 12.402 7.250 252 25.218 8.515 6.722 -251 N E T I N C R E A S E IN L I A B I L I T I E S TIME ♦ SA VINGS ACCOUNTS I N S U R A N C E A N D P E N S I O N RES. C O R P O R A T E E Q U I T I E S (1) 20 21 22 4.240 1.144 810 204 1.136 946 863 83 3.203 1. 3 4 1 232 115 1.009 506 -155 661 8.454 1.860 4.267 863 106 101 no 3.539 2.839 1.596 1.243 176 2.387 738 297 4 41 9.027 717 453 17 7 3.831 3.849 1.124 2.725 C R E D I T M A R K E T INSTR. CORPORATE BONDS M T G . L O A N S IN P R O C E S S OTHER MO RT GA GE S BANK LO AN S N.E.C. OTHER LOANS O P EN -M AR KE T PAPER FHLB LOANS 23 24 25 26 27 28 29 30 1.0 21 -155 2 31 2.523 3.870 74 814 -4,685 399 3.146 -1.007 -227 2.439 SECURITY CREDIT -288 2.180 31 32 33 -24 -253 -157 584 968 discrepancy CURRENT -112 1.0 22 201 -638 287 121 1 952 907 231 237 240 244 228 225 226 228 231 232 30.120 516 29.367 5.205 17.939 6.115 106 237 37.268 60 1 36.479 4.200 24.690 7.304 197 188 9.235 -103 8.003 4.152 2.707 1.161 -17 1.335 7.133 258 7.838 768 5.046 1.964 60 -963 6.875 -53 7.561 484 5.598 1.426 53 -633 6.877 414 5.965 -199 4.588 1.564 9.423 228 8.998 173 6.778 1.961 9.311 500 9.030 484 6.413 2.093 40 -219 9.846 19 7 9.453 -30 9.995 922 7.310 1.687 76 -504 10.811 -89 10.190 2.710 5.413 2.059 498 9.081 -89 8.456 2.701 4.197 1.563 -5 714 20.924 20.060 3 1.994 9.203 9.106 -683 413 -171 -925 28 752 6.820 7,463 -795 1.234 420 -2.449 -9 161 6.872 5.330 777 271 744 6.029 6.169 70 4 76 329 299 19 -863 8.659 10.371 -2.267 5 -328 -1.944 44 51 1 9.090 7.721 1.319 810 426 83 5 45 9.239 7.402 1.034 232 141 661 40 763 8.651 7.339 1.806 10 6 537 1.243 34 -608 10.312 0.890 -2.679 59 794 35.639 32.833 1.972 1.153 776 43 12 3 711 -244 -2.138 -722 284 19 9 - 2.020 -76 -1.136 237 1.058 -604 -40 -194 -2.163 -108 345 12 963 -432 1.139 -268 690 6 7 e 9 10 11 12 13 14 15 16 17 18 19 688 1 10 396 21 payable 7 8 9 10 11 12 13 14 15 16 17 18 19 34 AND LOAN AS SOCIATIONS 2 3 4 5 taxes MISCELLANEOUS LIABILITIES 6 12 MUTUAL 86 0 702 201 101 -341 441 61 1.160 221 8.588 -1.036 7.288 2.249 87 1.037 9.344 5.993 3.333 453 155 2.725 NE T I N C R E A S E IN L I A B I L I T I E S SAVINGS SHARES CRED IT MKT. INSTR. M T G , L O A N S IN P R O C E S S BANK LO AN S N.E.C. FHLB ADVANCES PROFIT TAX LIABILITIES MISCELLANEOUS LIABILITIES 21 -3 -270 2.563 SURPLUS NET ACQ. OF FINAN, ASSETS DE MA ND OEP. ♦ CURRENCY C R E D I T M A R K E T INSTR. U.S. GOVT. SECURITIES HOME MORTGAGES OTHER MORTGAGES c o n s u m e r CREOIT M I S C . F I N A N C I A L TRANS. DISCREPANCY MEMOF H L B L O A N S L E S S DEP. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 SAVINGS BANKS 1 353 424 86 86 89 92 97 109 110 108 116 11 4 2 10.374 -33 152 1 1 .012 2.984 -60 54 1.845 1.959 188 24 3.687 -135 18 2.796 43 18 2.436 66 2.093 368 -37 -86 2.925 7 -75 2.004 -59 -117 NET ACQ. OF FI N A N C I A L ASSET DEM. D E P O S I T S ♦ CU RR EN CY TIME DEPO SI TS 2 342 -87 5.586 -33 50 475 9.452 358 193 4.316 617 9.357 30 1 403 2 .0 2 b 96 3.140 57 49 1.921 108 2.806 205 73 1.505 10 4 1.512 18 3 167 1.994 -87 51 649 182 3.398 11 5 12 5 1.306 202 134 2.401 32 195 517 99 1.274 57 51 136 186 2.833 83 15 5 240 123 1.893 58 48 -60 CORPORATE SHARES CR E D I T M A R K E T INSTR. U.S. GOVT. SE CU RI TI ES S T A T E ♦ L O C A L G O V T . S E C. CORPORATE BONDS 5 1.299 2.731 3.009 2.569 703 40 76 310 672 36 50 333 520 833 201 -112 215 517 33 348 333 254 709 100 17 -414 463 537 364 486 224 249 870 6?7 55 10 5 -128 916 737 -42 -503 438 874 490 134 857 -26 928 578 59 282 164 3.422 58 2.681 209 1.5S>3 173 2.205 -320 3.368 18 2 2.339 258 2.141 178 2.324 -403 2.482 260 1.505 299 -20 -8 -30 16 0 ■* 1 -9 0 -7 -64 -67 -86 902 45 56 1 43 -234 752 05 14 653 955 28 352 575 1.030 13 443 574 95 13 466 1.017 3 13 1.001 1.030 3 4 5 6 7 8 9 10 11 12 13 14 455 320 15 16 9.061 120 10.172 215 17 -40 -201 20 -128 24 20 24 1 11 2.284 97 11 2 865 758 668 -96 -120 CURRENT SURPLUS HOME MO RT GA GE S OTHER MORTGAGES CONSUMER CREDIT OTHER LOANS M I SC EL LA NE OU S ASSETS 1 3 4 6 7 8 9 10 11 12 13 14 SAVINGS DEPOSITS MISCELLANEOUS LIABILITIES 15 16 DISCREPANCY 17 CREDIT UNIONS 1 2 21 0 8 -371 951 319 7 434 263 236 13 14 -172 47 1.784 3.390 14 8 718 2.524 320 53 2.143 8 2.897 3.390 710 3 4 5 6 2.897 56 -9 1 2.932 1.101 718 058 689 11 621 46 0 972 32 712 228 75 13 140 858 588 73 3 972 1.022 322 11 588 733 19 18 696 224 12 -112 969 80 13 876 902 56 1 88 13 47 4 955 (1) 11/73 FIGURES ARE TENTATIVE ESTIMATES BASED ON INCOMPLETE INFORMATION. N E T A C Q U I S . O F F I N A N . ASSET DEM, DE P O S I T S ♦ CURRENCY SVGS. ♦ LO AN SHARES CREDIT MA RK ET INSTRUMENTS U.S. GOVT. SECURITIES HOME M0RTGA6ES CONSUMER CREDIT 3 4 5 1.017 CREDIT 8 INCLUDES INVESTMENT 98 13 890 UNION SHARES C O M P A N Y SHARES. 1 2 6 7 18 AUGUST 1973 INSURANCE ♦ PENSION FUNDS INSURANCE S E C T O R S T A T E M E N T S O F S A V I N G AN D (MILLIONS OF DOLLARS) UNADJUSTED QUARTERLY UNADJUSTED IV III LIFE 14 15 16 17 I II I INSURANCE FLOWS III COMPANIES 94 9 1.448 1.628 96 1 227 323 235 325 242 339 245 461 368 131 39 9 28 6 42 6 285 4 35 25 9 469 337 482 304 12.681 5 14,766 13 0 3.434 -209 2.755 -6 7 3.274 25 3.218 256 3.774 -599 3.399 380 3,92 8 45 3.665 30 4 4.65 6 -346 3,587 15 3 3.640 8.118 -155 57 5.466 -2.072 3.193 1.629 91 8 3.500 10.129 -236 1.123 2.296 -135 1.057 3.070 8 1.157 -397 555 1.108 224 1.048 1.716 -193 4 1.800 -563 522 3,105 34 -5 1,389 -670 936 1, 4 2 1 256 873 2.238 -197 -9 2.300 -132 1,638 -1,362 250 870 3.888 64 -41 1 ,421 -27ft 544 2,176 244 750 2,443 81 -22 79 7 2.216 43 27 1.224 872 7.194 -2.138 3.961 1.370 1.007 848 1.738 -150 25 99 1 -542 518 896 236 13.336 5.175 2.130 14.716 7.241 4.600 2.860 3.103 1.446 1.145 329 3.419 1.527 1.322 804 4,143 1,918 1,309 734 4,107 1,926 1,251 1,137 15 6 617 -427 574 6.1 01 QUARTERLY 1 q 72 II 13 FUNDS 10 FLOWS 1971 10 11 12 ♦ PENSION INVESTMENT 1.868 87 -3 2.094 -512 1.257 -1.055 120 -12 3.493 1.567 1.382 464 3.321 1.561 1.326 533 3.335 1.498 1.197 496 3,695 1,842 1,178 876 3,839 1,982 641 3.847 1.919 1.105 847 122 -113 -202 409 52 358 - 3 81 698 686 -18 255 1,120 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 E N C Y 3 4 CORPORATE SHARES C R E D I T MKT. I N S T R U M E N T S U.S. GOVT . S E C U R I T I E S STATE AND LOCAL OBLIG. CORPORATE BONDS HOME MORTGAGES OTHER MORTGAGES OTHER LOANS MISC EL LA NE OU S ASSETS 5 1,360 -601 222 863 680 236 1 2 100 1.705 -773 701 1.329 246 -621 CURRENT SURPLUS PHYSICAL INVESTMENT 1,001 502 24 1 NET I N C R E A S E IN L I A B I L I T I E S LIFE IN SU RA NC E RE SE RV ES PENSION FUND RESERVES OTHER LIABILITIES DISCREPANCY 6 7 8 9 10 11 12 13 14 15 16 17 18 PRIVATE PENSION FUNDS 1 2 7.256 -163 5.698 169 1.826 186 1.717 -325 1.347 3 4 5 2.908 -897 -423 -273 8 68 7.065 -1.313 958 -1.588 -683 -223 2.391 -768 7 8.915 -1.564 -296 -653 -615 1.737 -524 40 -394 -170 24 6 -10 -615 -143 17 STATE -201 31 ♦ LOCAL 110 GOVT. 2.366 -134 878 -250 1.456 -34 1.489 175 1.875 278 2.095 187 1.772 -22 N E T A C Q. 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 E N C Y 1 2 1.879 625 97 629 1.927 -763 337 -788 -312 -36 2.149 -589 -168 -312 -109 -70 1.044 342 205 279 -142 -72 1.945 -303 584 -767 1.358 433 40 509 -116 3 CORPORATE SHARES CREDIT MARKET INSTRUMENTS U.S. GOVT. SE CU RI TI ES CORPORATE BONDS MORTGAGES MISCELLANEOUS 3 4 5 -45 1.224 70 0 308 516 -124 -16 1.675 64 1.928 -67 1.773 24 NE T ACQ. OF FI N A N . A S S E T S DEMAND DEPOSITS ♦ CURRENCY 925 824 -25 -100 75 -32 903 -101 -4 EMPLOYEE 1 2 6.824 -91 7.262 -17 1.793 -16 1.727 15 2.007 1.297 10 -100 3 4 5 3.185 3.730 -1.162 -815 -347 -174 4.790 276 2.973 4.306 -189 -92 -97 -178 4.804 -131 692 1.117 -544 -390 -154 763 949 -584 -416 -168 9 61 1.036 301 92 209 -139 796 78 769 628 -335 6 7 8 9 10 8 2 1.633 1.463 20 68 -101 -234 -45 898 110 RETIREMENT 2 3 1.954 2.583 370 6.616 77 6.202 1.272 81 22 2.471 3.777 -396 3.910 285 2.957 2.875 -368 3.304 -63 27 1 892 -138 795 235 452 538 2.556 1.885 -102 68 513 680 -104 -25 -79 -60 882 -38 941 1.717 -57 -142 85 36 1. 7 8 1 -43 773 1.044 -90 4 -94 746 865 -162 8 1.335 -39 806 953 1.042 79 75 4 -273 1.168 -11 68 628 65 1 665 639 677 658 1.309 1.619 1.844 1.588 1.553 20 20 20 21 21 22 11 685 530 -255 817 -33 638 -127 798 -35 796 958 1 45 816 -17 588 749 -131 873 7 888 1 .102 714 966 -7 969 827 675 -189 830 33 600 869 -144 835 17 8 0 1 2 1 0 2 0 289 87 11 12 4.400 600 3.680 1.057 134 44 879 994 153 -49 890 1.045 159 13 14 4.054 599 -115 3.570 15 -608 781 155 -316 120 594 737 995 -82 -22 -8 -7 70 8 1 2 3 4 5 6 7 8 9 10 -2 -1 CURRENT NET SURPLUS 1 A C Q. 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 2 3 CORPORATE SHARES CREDIT MARKET INSTRUMENTS U.S. GOVT. SE CU RI TI ES STATE AND LOCAL OBLIG. CORPORATE BONDS COMMERCIAL MORTGAGES TRADE CREDIT 4 5 6 7 8 9 10 73 74 73 69 65 62 1.126 150 1.101 150 47 923 1 50 930 1.163 150 76 937 1.112 910 1.053 150 -14 917 1.120 898 958 15 3 -98 903 15 0 18 944 F I NANCIAL SOURCES OF FUNDS CORPORATE EQUITIES P R O F I T TAX L I A B I L I T I E S INSURANCE CLAIMS 11 12 13 14 -231 -216 324 395 166 -104 252 217 DISCREPANCY 15 64 -12 66 11/73 FIGURES ARE TENTATIVE ESTIMATES BASED ON INCOMPLETE INFORMATION. CORPORATE SHARES CREDIT MKT. INSTRUMENTS U.S. GOVT. SE CU RI TI ES DIRECT U . S . G. A G E N C Y S E C . STATE ♦ LOCAL OB LI GA TI ON CORPORATE BONDS MORTGAGES -22 1.768 18 29 1 8 7 COMPANIES 1.814 18 9 7 71 -9 1.762 19 10 6 62 1.430 749 924 -169 1.044 56 -7 70 4 5 6 FUNDS 1.146 -47 INSURANCE 1 -120 21 FINANCE FINANCE N.E.C. N.E.C* 11 11 SECTOR STATEMENTS OF SAVING AND INVESTMENT (MILLIONS OF DOLLARS) UNADJUSTED QUARTERLY FLOWS 1 19 71 1972 .8 6 -342 1 1 UNADJUSTED QUARTERLY 1 1 1971 I 93 121 -132 IV III II -262 -168 FINANCE 1 2 3 4 5 6 7 A 9 4.396 284 1.053 1.291 1.768 4.212 3.788 48 376 3 4 5 6 7 e 9 10 n 12 13 14 IV III 1 I II 177 164 -4? 1 -170 -51 68 706 1.051 750 2.071 65 1.265 1.0A5 -344 5.006 64 1.452 2.133 1.357 1.623 63 103 4 01 1.056 3.660 62 969 1.747 882 N E T AC Q. 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 HOME MO RT GA GE S CONSUMER CREDIT O T H E R L O A N S (TO B U S I N E S S ) 1 2 361 1.276 795 1,370 67 709 -450 1.044 2.573 68 -38 7 81 - 1.166 9.117 5.441 3.631 45 176 993 -36 -781 1.553 543 1.191 -181 -497 943 - 1.324 -116 2*980 1.309 217 1.454 964 1.334 -29 - 3 41 1.852 1.004 600 248 1.419 1.303 93 4 -818 4.882 1.800 2.126 956 2.426 713 1.376 33 7 3.892 632 2.436 824 net increase in LIABILITIES CORPORATE BONDS BAf.r N.E.C. O H t i N - W P A P E R 6 PHYSICAL INVESTMENT MULTI-FAMILY STRUCTURES N O N R E S I D E N T U L STRUCTURES 1 2 4 5 -355 2.500 estate 66 INVESTMENT 1,126 37 1 754 57 19 38 109 36 73 99 33 13 9 46 93 201 66 135 344 114 23 0 252 A3 1*9 3?8 66 108 220 42? 139 283 *5 0 1 49 301 2.593 748 742 1.054 49 5.350 1.176 1.900 1.768 506 606 158 208 230 609 1 72 160 250 27 627 190 16 6 260 751 228 208 314 93 4 1* 533 255 132 1.713 31* 695 602 1 1.311 479 2 71 446 1 15 1.716 343 653 560 11 1.389 340 443 507 99 160 100 1.764 300 750 600 114 FINANCIAL ASSETS HOME MO RTGAGES MULTI-FAMILY MORTGAGES COMMERCIAL MORTGAGES MISCELLANEOUS ASSETS 2.997 938 1.991 1 34 45 89 6.475 1.498 4.826 480 158 322 663 718 292 410 34 726 282 427 17 11 6 11 2.135 440 1.640 17A 59 23 1.655 502 1.069 204 67 137 2.044 31 0 12 1.590 348 1.241 51 17 34 1 .1A6 24 890 234 636 47 16 31 2.214 350 1.802 177 58 119 F I N A NC IA L SO UR CE S OF FUNDS CORPORATE EQUITIES CREOIT MARKET INSTRUMENTS MORTGAGES m u l t i -f a m i l y r e s i d . COMMERCIAL MORTGAGES 10 130 518 36 0 11 2 0 -84 182 312 15 16 17 11 5 367 16 68 151 264 OPEN-END 338 83 0 115 38 77 1.6 86 110 36 74 110 468 136 512 542 615 38 14 663 60 076 640 150 1.35? -4 0 85 1.240 300 20 1 84 18 48 55 62 121 0 140 110 I -598 -1.158 -206 7 -49 -350 -446 -18 -43 -6 5 1 -415 -316 583 139 -1.791 47 275 92 -341 167 -4 482 52 -173 -51 -697 -272 66 *8 -649 40 -753 40? -1.067 -80 4 5 445 268 -608 -255 -348 -415 102 -1 21 2 8 134 37 -180 352 -135 -473 351 -291 624 -334 593 -410 42 3 -455 -550 980 6 -1.821 -17 130 158 -305 -255 -434 -23 -34 -377 -1.297 142 292 -195 45 -547 -440 119 -910 351 9 1.181 -633 481 -348 -1 -111 -242 380 498 216 832 SECURITY 1 2 6 7 8 9 10 11 12 13 14 15 1.297 22 121 -1.365 -1.599 22 121 -1.365 -1.599 11 3 4.332 28 142 238 212 28 142 238 212 2.519 -116 142 3.924 1.134 652 482 4.098 3.925 173 121 11/73 F I G U R E S ARE -553 140 -28 12 14 -1.485 -1.474 -28 14 -1.485 -1.474 -25 14 -287 -1.135 -447 26 -6 88 -1.387 12 15 16 17 16 CURRENT surplus A C Q . 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 E N C Y net CORPORATE SHARES C R E D I T M A R K E T INSTR. U.S. GOVT . S E C U R I T I E S 1 2 3 4 5 -229 2 -33A -751 -76 7 -497 42 662 7 -497 42 3.934 121 -4.605 7 -1.264 -2.22A -647 7 -1.264 -2.228 -647 -317 -1.264 - 1 .120 -978 5 246 403 65 5 246 403 65 92 24 6 -1.632 N E T A C Q . OF F I N A N . A S S E T S DE MA ND DEP. ♦ CU RR EN CY CORPORATE EQUITY SHARES C R E D I T MKT. INSTR. U.S. GOVT. SE CU RI TI ES D E M A N O DEP. ♦ C U R R E N C Y CORPORATE EQUITY SHARES C R E D I T MKT. INSTR. U.S. GO VT . S E C U R I T I E S S T A T E ♦ L O C A L GOVT . SEC C O R P O R A T E ♦ FGN. BO ND S SECURITY CREDIT 10 11 12 -155 57 3.870 3.534 33 6 -4.685 -4.404 -2 81 -1.007 -805 N E T IN C R . IN L I A B . - S E C . CR FROM BANKS CUSTOMER CREDIT BALANCES 13 14 15 81 267 -186 3.030 2.782 248 -638 1.021 - 1.0 00 362 1.334 -313 -552 -336 -216 13 14 -679 626 112 -1.425 -2.061 636 9 10 11 12 corporate COMMERCIAL net share bonds PAPER issues 6 7 8 9 BR OK ER S AND DE AL ER S 6 -6 8 8 MISCELLANEOUS LIABILITIES 8 273 12 -958 -1.674 -402 -314 -958 2.053 17 6 407 457 paper 7 -113 -314 12 -688 commercial 6 140 1.082 1.079 -85 82 1.082 924 -287 -1.135 -447 -401 -287 857 CORPORATE BONDS BANK LO AN S N.E.C. 3 -745 4A1 142 93 246 1.047 7 - 51 -287 -290 7 -51 -287 -290 53 -50 1.378 17 6 407 26 7 8 0 INVESTMENT COMPANIES 2 -1 3 4 5 TRUSTS 404 1 34 270 374 1.512 2.460 3 4 5 i 1.457 71 497 172 717 416 66 1 780 7 SURPLUS'-QF G R O U P 794 77 233 -938 1.422 15 16 17 3 CURRENT COMPANIES 262 4.132 3.819 2.807 11.020 REAL 1 2 11 I FLOWS 1973 1 1072 3.097 -573 12 6 1.08 2 1.079 -85 -958 -1.674 -402 TE NT AT IV E ESTIMATES BASED ON INCOMPLETE INFORMATION. 662 -123 -497 37 2 -212 8 1 .6 48 2.157 242 8 1.648 2.157 242 268 1.647 -202 1 2 3 4 5 6 7 8 9 18 A U G U S T 1 9 7 3 R E S T OF T H E W O R L D REST OF THE WORLD SECTOR STATEMENTS OF SAVING AND INVESTMENT (MILLIONS OF DOLLARS) UNADJUSTED QUARTERLY UNADJUSTED FLOWS 1972 I I II I I 19 7 2 19 71 III IV | I II IV III QUARTERLY FLOWS 1973 I II R E S T OF T H E W O R L D 1 2 3 4 5 806 66.288 65.480 3.598 2.790 -4.610 73.462 78.072 3.744 8.354 1.483 16.225 14.742 806 -677 218 17.230 17.012 908 690 -1.266 16.388 17.654 925 2.191 373 16.445 16.072 95 9 586 -8 8 0 17.367 18.267 973 1.853 -1.489 17.897 19.386 982 2.471 -2.410 17.532 19.942 92 3 3.333 169 20.646 20.477 866 697 593 22.305 21.712 75? 15 9 196 24.154 23.958 864 6 13.575 22.694 1.334 28 4 547 11.430 19.364 554 1.522 2.618 35 4 2.317 234 -279 -333 3.192 6.169 652 12 3 677 7.162 9.285 450 -235 442 2.867 4.923 -2 675 -239 86 3 4.213 54 4 -170 599 3.466 3.840 7 1.058 33 2 4.553 6.295 2.548 5.016 4.345 10.319 54 968 9 480 714 13 14 15 836 26.415 26.302 272 -159 2.266 8.384 8.402 78 6.310 6.37 1 164 -225 -3 7.365 6.735 -64 694 230 9.360 8.701 151 508 531 3.380 4.495 21 -1.136 693 2.995 3.015 69 -89 16 17 -38 84 55 81 7 16 2 -165 -92 -85 -86 -26 -22 360 18 19 20 -5.319 -116 -1.333 93 3 160 2.053 -3.824 124 10 -1.411 1.255 -425 -1.680 21 22 9.119 -1.731 7.934 -155 1.963 2.977 -628 -1 8 6 24 25 26 27 27 5.698 940 2.635 2.123 -412 3.844 1.026 2.413 405 74 83 1 282 -249 79 8 33 526 252 1.352 3.782 -820 84 55 1 270 3.578 1.381 -1.207 34 - 1 0 . 7 8 5 -3.076 7 8 9 10 11 12 28 29 30 31 32 33 0 3 0 123 61 6 511 1.071 -72? 1.188 165 249 104 25 120 323 5.145 5.329 -142 -4 2 ,087 -5 -4 6 1.288 8.367 7.806 22? 33 9 14 36 -1 3 31 2 -2 6 80 285 -56 291 -1.339 164 1. 3 9 5 40 8 -3 6 1 -545 341 183 1.20 6 996 178 -1.249 -814 160 2.641 -277 247 2.123 -923 2.056 3.350 -63 374 93 1.742 -119 2.468 -66 5.974 -220 10 9 1 . 5 60 268 663 629 -7 1.685 312 1.298 275 -149 1.422 78 923 421 -4 6 988 483 -8 1 438 -128 652 511 -7 6 43 8 422 68 0 -664 -8 6 -209 1.980 249 1.087 644 -166 3.538 119 2.604 815 35 104 34 287 1.268 -42 -1 4 173 49 562 1.440 -716 20 85 1 07 299 -8 -453 -4 0 -4 6 71 72 3 -368 -4 2 1 -3 50 0 47 1.727 686 -1.453 60 164 62 20 4 -3 6 391 67 160 37 1.399 1. 3 9 6 -588 -6 3 115 -271 -333 1.25 5 -39 -264 77 1.476 2.311 -739 -1.031 -2.502 -4.971 -2.281 99 0 -995 -1.220 -1.851 1 -1.058 1 .1 1 0 6 -6 (1 ) N E T O F U . S . 11/73 FIGURES ARE TENTATIVE ESTIMATES BASED ON INCOMPLETE INFORMATION. NET U.S. EX PO RT S 1 U.S. EX P O R T S 2 U.S. IM PO RT S 3 T R A N S F E R R E C E I P T S F R O M U.S. 4 668 C U R R E N T A C C O U N T B A L A N C E (4-1) 5 (U.S . B A L A N C E * S I G N R E V E R S E D ) 14 5 -1.869 -2.837 407 561 36 221 91 1 NET FI NA NC IA L IN VESTMENT NET ACQU IS . OF FI NA N. ASSET GOLD ♦ SDR'S U.S. DEM. DEP. ♦ CURRENCY TIME DE PO SI TS U.S. CO R P O R A T E SHARES CR ED IT M A RK ET INSTRUMENTS U.S. GOVT. SE CU RI TI ES U . S . C O R P O R A T E B O N D S <1> ACCEPTANCES SECURITY CREDIT TRADE CREOIT B A N K L I A B I L I T I E S TO FOREIGN AFFILIATES D I R E C T I N V E S T M E N T IN U . S . UNALLOCATED FIN. S O U R C E S OF OF FI CI AL U.S. 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 FUNDS* NET FGN. EXCHAN 21 2? -268 1.479 21 1 548 72 0 F G N . C O R PORATE SHARES C R ED IT MA RK ET INSTRUMENTS CORPORATE BONDS BANK LO AN S N.E.C. OTHER LOANS 23 24 25 26 27 35 -22 81 -946 1.700 -1.137 SECURITY DEBT TRADE DEBT U S G E Q U I T Y IN IB R D * E T C . F G N . C U R R . H E L D IN U . S . U . S . D I R E C T I N V . A B R O A D (1) UNALLOCATED 28 29 30 31 32 33 614 ISSUES 34 DISCREPANCY IN F O R E I G N M A R K E T S INVESTMENT TO F I N A N C E U.S. ABROAD. 18 AUGUST 1973 MONETARY ANO INSURANCE RESERVES 13 MONETARY AND INSURANCE RESERVES GOLD* UNADJUSTED QUARTERLY 19 71 1972 OFFICIAL FOREIGN E X C H A N G E . T R E A S U R Y C U R R E N C Y « *ND ( M I L L I O N S OF D O L L A R S ) FLOWS I I UNADJUSTED 1971 I II III GOLD I I IV AND OFFICIAL 1 q 7? I II FOREIGN EXCHANGE III HOLDINGS INSURANCE UU ARTERLY FLOWS I I IV 1973 I II (1) -2 2 0 1 -3.065 -709 -862 -838 -1.373 B -607 86 122 -A 6 2 3 4 -1.334 -743 -591 -554 -10 -544 -234 -243 9 -652 -?52 -400 -450 -250 -200 2 2 0 -544 0 -544 -7 -3 -3 n 0 0 0 0 0 5 -1.731 -155 -628 -]86 -923 6 -63 93 •119 -66 - 2 ?n 6 -35 -210 175 -373 -149 -224 66 3 63 -7? 1 -73 -2 8 -381 -141 -240 -6 4 6 4 0 245 244 1 •134 •238 104 -8 2 -152 70 -23^ -4=; -IMP 0 0 0 9 10 -1.350 -1.349 -120 -118 -255 -235 -252 -274 -851 -847 8 1 2 -152 -151 15 16 13 15 -8 2 20 -22 4 7 11 1 TREASURY 1 2 3 400 478 12 533 686 -153 98 121 -23 14 3 150 -7 4 7 - CURRENCY 1 1 7 1 0 0 20 11 5 -5 2 HI 134 -23 06 U 3 -17 107 -19 -17 TOTAL U.S. 135 123 12 173 268 -95 AND PENSION ? 3 4 - 8 U.S. FGN. E X C H A N G E P O S I T I O N 5 5 13 O F F I C I A L FGN. C U H R E N C Y TREASURY FEDERAL RESERVE NE T IMF P O S I T I O N U.S. GO VT . ASSET LESS-IMF DEPOSITS 7 8 9 AT F. R. 10 11 153 171 -18 88 193 T O T A L U . S . G O V T . L I A B I L I T Y 117 M O N E T A R Y A U T H O R I T I E S A S S E T 76 U N A L L O C A T E D A S S E T FUND RESERVES LIFE INSURANCE RESERVES- 17 1 . 56 1 1.999 17 1 . 9 82 1.936 17 1.919 1.935 17 1.918 1.943 17 1.926 N E T 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 LIFE INSURANCE COMPANIES 1 2 1.586 1.578 1. 5 1 6 1.859 1.999 1.936 1.935 1.943 NE T 4 4.967 231 4.736 1.382 1.3*7 2.007 5.546 557 4.989 1.326 2.366 1.297 3.139 -82 3.221 1.197 87 8 1.146 7.324 2.134 5.190 1.178 1.456 2.556 4.764 27 0 4.494 1.793 6.623 1.85 7 4.766 1.322 1.71 7 1.72 7 1.489 1.885 5.486 831 4.655 1.105 1.875 1.675 5.143 -189 5.33? 1.309 2.095 1.928 7.126 2.330 4.796 1. 25 1 1.772 1.773 N E T C H A N G E IN L I A B I L I T I E S U.S. G O VE RN ME NT INSURANCE SECTOR LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS S. ♦ L. G O V T . * R T R . F U N D S 10 4.962 6.623 4.967 5.546 3.139 7.324 4.764 5.486 5.143 7.126 NET 11 1.586 19 1. 5 6 7 1 . 5 78 6.101 1.54b 18 1.527 4 6.172 7.310 1.463 1.545 5 20.713 3.153 17.560 4.600 5.698 7.262 4.962 19 8 4.764 1.145 9 to 22.098 2.843 19.255 5.175 7.256 6.824 LI 22.098 20.713 3 6 1.859 17 1.842 1.463 17 1.446 6.172 71 HLDGS 1.516 18 1.498 7.310 69 7.241 1 2 1 KESEWVES -9 U . S . G O L D S T O C K A N D S D R *S -9 U . S . G O V T . — EX . S T A B . F U N D M O N E T A R Y A U T H O R I T I E S (2) 0 AND SDR C E R T I F I C A T E S 114 84 30 INSURANCE - -6 - 13 RESERVES I N C R E A S E IN A S S E T S (HOUSEHOLDS) 3 PENSION FUND RE SE RV ES— 6 7 8 1.826 INTERBANK 1.120 CLAIMS 1 5.582 1 . 9 85 1 .342 1. 1 6 1 1 . 2 66 1.81 3 638 1.553 3.177 -3.383 3.765 -1.255 2 3.638 494 -2.141 1.125 1.78 2 183 -1.382 40 4 874 466 2.364 -559 683 509 -989 -1.251 -790 2.041 -1.045 -174 1.226 23 4 -2.252 -1.271 3.001 458 1.573 -392 181 -1.243 339 -623 -4 00 -1.655 45 0 145 636 24 2.139 2.085 54 -4 3 446 1.605 23 -74 -85 -87 -4 -196 8 -554 -2.047 -679 1.926 1.760 1.1 ?4 -140 -196 972 -2.164 -950 1.402 596 -1.958 3.793 1 . 6 95 -274 -135 369 1.735 0 0 0 0 -588 -1.992 339 2.305 52 3 - 1.820 531 657 1.084 71 2.268 905 -514 -339 2.056 10 1.450 1.572 -214 309 14? 1.288 47 11 -122 2.543 -?23 54 11 36 1.493 2.098 166 -1.214 1.78 ? 1.363 3 4 5 6 7 8 9 202 0 -2 8 1. 4 7 4 -9 4 -?53 -1.155 -6 -111 -86 -212 12 5.582 1.985 1.34 2 1.161 1.266 1.81 3 638 1.553 3.177 -3.383 3.765 -1.255 13 14 15 -214 82 -296 1.573 -369 1 .942 -1.655 -1 .7 11 56 54 -87 -23 -64 1 .4 74 1.817 -343 -679 -1.670 991 -274 626 -900 1 • 1 ?4 412 712 1 . 4 02 263 1.139 -1.820 -1.85? 3? -514 -272 -242 16 17 18 19 412 1.527 -2.141 1.125 2.543 2.997 1.742 1.782 18 3 -223 1 . 1 07 -924 -1.382 404 54 1.353 1 . 35 1 874 466 20 5.796 4.010 3.638 49 4 - 1?2 339 1 . 84 1 2.364 -559 36 1.317 2.685 683 509 1.493 1.827 -142 -989 -1.251 2.098 2.053 1.417 -790 2.041 166 -4.785 -2.433 -1.045 -174 -1.214 5.585 3.?4? 1.226 234 1.78? - 7 41 -2.160 -2.252 -1.271 1.363 21 309 -392 450 -4 3 -4 -9 4 -6 -135 -140 -111 531 -339 22 1.477 1.288 47 142 -723 -1.243 339 181 80 5 636 24 14 5 2.074 1.605 23 44 6 6 202 0 -1.408 -1.155 -1.362 -1.958 2.104 1.735 776 972 0 0 0 -196 -253 596 369 -196 1.81 2 1.084 71 657 1 .758 0 -2.241 -1.992 33 9 -588 23 24 25 -1 55 11 (1) -86 -212 2.056 TOTAL LIABILITIES MONET. A U T H . — MF.M. BK . R E S. — VAULT CASH CO MM ER CI AL B A N K I N G — TOTAL CO MMERCIAL BANKS TO M O N E T A R Y A U T H O R I T I E S LOANS FROM AFFILIATES L O A N S F R O M F G N . BK . AG. D E M . D E P . O F F G N . B K . AG T I M E D E P . O F F G N . BK. AG FOREIGN BANKING AGENCIES— D E P O S I T S OF B A N K S TOTAL ASSETS MONETARY AUTHORITIES FE DERAL RESERVE FLOAT L O A N S TO M E M B E R B A N K S CO MM E R C I A L B A N K I N G — TOTAL COMMERCIAL BANKS MEMB ER BANK RESERVES VAULT CASH D E P O S I T S AT F G N . 8 K. AG. BANK A F F I L I A T E S — LO AN S TO A F F I L I A T E B A N K S FGN. B A NK IN G AGEN CI ES D E M . D E P O S I T S AT B A N K S T I M E D E P O S I T S AT B A N K S L O A N S TO BA NK S L I N E S 1 ♦ 2 E X C L U O E I N I T I A L A L L O C A T I O N OF S O R * S OF i 8 6 7 M I L L I O N IN J A N U A R Y 19 7 0 * S 7 1 7 M I L L I O N IN J A N U A R Y 1 9 M * A N U 4 7 1 0 M I L L I O N IN J A N U A R Y 19 7 ? . T R A N S A C T I O N S IN S D R * S A R E IN L I N F 2. ALSO EXCLUDED F R O M T H E T A B L E A R E R E V A L U A T I O N S OF F O R E I G N C U H R E N C Y H O L D I N G S * G O L D * S D R * S * A N D IMF P O S I T I O N . T H E S E A L L O C A T I O N S A N D R E V A L U A T I O N S ARE I N C L U D E D IN T A B L E S O N O U T S T A N D I N G S . (2) T R E A S U R Y G O L D S T O C K . 11/73 FIGURES ARE TENTATIVE ESTIMATES BASED ON INCOMPLETE INFORMATION. I N C R E A S E IN A S S E T S (HOU SE HO LO S) 5 6 7 8 9 18 AUGUST 1973 MONEY AND DEPOSITS SUMMARY MONEY AND D E PO SI TS SUMMARY MONEY SUPPLY ANO TIME AND SAVINGS ACCOUNTS (MILLIONS OF DOLLARS) UNADJUSTED QUARTERLY UNADJUSTEO FLOrfS QUARTERLY FLOWS 19 71 1 971 1972 I II IV HI DEMAND DEPOSITS I Ill IV 1 I -442 11.424 U.S. G O V E R N M E N T D E PO SI TS N E T I N C R E A S E IN A S S E T S 10 24.830 4.027 -17 130 3.914 •1 3 . 4 9 3 234 1.589 41 -1.396 11.424 4.341 622 27 3.692 NET INCR. IN B A N K I N G SYS. L I A B MONETARY AUTHORITIES U.S. GOVT. CA SH ♦ DEPOSITS FOREIGN DEPOSITS CURRENCY 11 12 13 14 15 -129 387 182 -698 20.803 1.405 381 19.017 ■1 3. 72 7 475 -763 •1 3 . 4 3 9 7.083 -1.064 453 7.694 - 2 . 0*1 -2.164 253 -16 -737 501 -2.165 123 23.442 -15.557 22 .9 31 - 1 4 . 8 3 5 13 .5 84 - 1 0 . 3 2 4 -1.858 2.753 -1.446 1 . 48 1 1 .6 84 253 3.429 -1.460 -72? 511 4.279 12.797 1.254 -2.065 1.259 19.204 -2.594 • 1 2. 57 0 1.719 10.256 -91 -2.132 1.388 24.830 •12.533 -1.160 -246 58 -972 12.797 2.040 387 -32 1.685 -2.065 720 746 19.204 2.808 1 -27 92 2.706 • 1 2. 57 0 -2.419 -1.165 -204 -1.050 10.256 4.427 1.376 37 3.014 -2.132 -2.003 -478 -59 -1.466 -11.373 -3.418 -337 -7.618 10.757 3.892 155 6.710 -2.785 508 -236 -3.057 16.396 1.249 583 14.564 • 1 0. 15 1 -1.429 34 -8.756 5.829 34 3 -279 422 20.384 -3.664 .12.533 13 14 15 17.403 4.408 897 1 19 3.392 20.384 4.032 -284 -96 4.412 16 17 18 19 12 .9 95 2.231 165 10.599 16.352 706 1.618 14.028 -8.869 - P . 590 -5.059 -2.126 -1.442 43 3.128 17.403 -6 TIME -620 DEPOSITS 10 AND S A V I N G S 1.021 4.465 11.386 6.221 COMMERCIAL BANKING U. S. G O V T . D E P O S I T S FOREIGN DEPOSITS PRIVATE DOMESTIC 1 82.189 88.738 29.692 17.730 19.576 25.144 21.076 20.760 21.758 30.900 18.545 NET 2 41.363 8.685 32.418 260 42.343 9.760 33.045 -462 16.446 1.449 14.941 56 6.728 1.003 5.667 38 7.720 4.544 3.062 114 10.469 1.689 8.728 52 10.433 -1.546 11.882 97 10.114 2.614 7.424 76 10.656 5.377 5.553 -274 11 .1 40 3.315 8.186 -361 18.498 10.852 7.423 223 10.030 4.227 5.732 71 29.839 3.600 7.159 152 547 24 -239 7.609 800 1.436 -29 18 599 9.159 510 290 118 -37 616 5.298 10 11 5.486 1.050 705 13 24 442 7.782 70 0 1.290 66 13.058 700 2.954 17 50 -333 6.477 750 3.458 9 29.846 3.110 6.777 77 -87 2.618 4.818 8 12.733 1.500 2.988 1 64 -75 1.188 9.672 248 -557 70 -117 71 4 12 40.826 28.068 9.861 2.897 28.159 -91 46.395 32.833 10.172 3.390 32.115 718 13.246 9.106 3.422 718 8.672 434 11.00 2 7.463 2.681 858 7.635 -172 7.471 5.330 1.553 588 5.701 -371 9.107 6.169 2.205 733 6. 1 5 1 18 14 . 7 1 1 10.371 3.368 972 9.659 712 10.962 7.721 2.339 902 7.833 -112 10.104 7.402 2.141 561 7.636 -234 10.618 13 14 15 16 17 7.339 2.324 955 6.987 352 12.402 8.890 2.482 1.030 8.447 443 8.515 5.993 1.505 1.017 5.980 13 18 70.756 75.525 25.870 15.992 13.328 15.566 21.608 18.856 19.497 15.564 24.692 18.174 6 7 1 .100 42 37 54 677 -1 -8 18 332 11/73 FIGURES ARE TENTATIVE ESTIMATES BASED ON INCOMPLETE INFORMATION. 3 4 5 6 7 8 9 16 17 18 19 ACCOUNTS 15.191 3 4 5 1 2 2.064 -13.493 8.537 7.479 5.189 -939 600 806 1 . 8 23 1.058 19.962 18.440 12.788 176 1.819 1.912 1.745 1.522 11.866 1.147 1.19 3 286 2.539 480 37 -1.470 337 -1.368 -235 -9.976 -9.806 -6.238 -1.622 ♦ 75 -1.079 -1.342 -170 -3.319 -3.084 14.275 13.991 10.887 801 -971 993 2.281 284 II MONEY SUPPLY DOMESTIC SECTORS HOUSEHOLDS NONFINANCIAL BUSINESS S. ♦ L. G O V E R N M E N T S FINANCIAL SECTORS MAIL FLOAT REST OF THE WO RL D 17.945 17.270 11.237 1.946 1. 6 6 4 666 1.757 675 8.518 8.395 5.329 944 277 -53 1.898 12 3 11 12 I AN D C U R R E N C Y 1 .100 3.761 -4 -86 1. 0 7 1 INCREASE - TOTAL CO MM ER CI AL B A NK IN G LIABILITY LARGE NEG. C. D. 'S O T H E R AT C O M M E R C I A L B A N K S AT F O R E I G N B A N K I N G A G E N C I E S acquired b y : HOUSEHOLD CORPORATE BUSINESS STATE ♦ LOCAL GOVERNMENTS U.S. G O V E R N M E N T MUTUAL SAVINGS BANKS FOREIGN AT S A V I N G S I N S T I T U T I O N S SAVI NG S ♦ LO A N ASSNS. MUTUAL SAVINGS BANKS CREOIT UNIONS HE LD BY I H O US EH OL DS CR ED IT UNIONS MEMO - H O U S E H O L D S TOTAL TIME ♦ SAVI NG S ACCOUNTS 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 18 AUGUST 1*73 U.S, U.S. GOVT. SF CiJH I T IF S GOVT. SECURITIES u.s. g o v k r n m f n t sEruRTTlFS m a r k e t SUMMARY (MILLIONS OF DOLLARS) U N A O J U S 7 feD QUARTERLY unadjusted FLOWS 1971 1972 I II 2 ,,246 32 4 61 2 ,,115 -3,.512 23.585 5 -1.418 -1.330 1.605 -3 13 14 339 15 16 17 26,.302 13,.948 1 2 ,. 354 18 10 11 12 277 2.102 88 -124 313 -5 90 2.017 -1.028 -1.041 13 2.109 14,472 3 194 139 55 3.159 5,704 -517 507 2.199 2.153 -4 - 6 81 -43 -638 1.177 8.402 2.250 6.152 6.371 4.148 2.223 6.735 1.634 5.101 8.701 3.800 4.901 -88 11 -10 14.551 5 -730 -728 2 .,500 29,. 868 -4 - 1 ,,525 - 1 ,.462 -63 8 .,644 9 6 ,. 842 0 - 1 .821 - 1 .785 1.979 704 -117 1.392 -695 18 8 -894 7 3.343 2,161 369 -163 1,955 9.666 1 .9 8 2 1.502 6.182 8 2.941 412 937 1.592 1.20 0 3.,845 64 0 - 1 .,091 4.,?96 6 11.636 0 I 542 621 1 ,.083 6 ,,842 1 .820 I 14,551 11.610 879 10.731 -3.,512 - 6 ,,01 2 84 7 - 6 <,«59 2,153 1 .876 676 4,,596 772 3,,824 8.201 891 7.310 88 571 2.684 -36 -2 - 1 . 7 07 413 11.544 5 -305 - 2 91 -14 4.420 104 - 3 . 0 35 3 . 1 39 5 .329 1 . 6 58 3 .671 -46 998 -1 . 0 44 7.806 -2.641 10.447 1 -1 1.560 1 .5 7 3 -13 -6 6 -427 -390 -37 1 ,. 699 4.495 4.366 129 3.015 2.629 386 quarterly flows 1973 11.544 5.704 3.725 79 7 2.928 1 .605 2.300 480 5 !»/ III 14,472 12,311 65 7 11,654 23,585 13,919 3.295 10.624 3 4 II III 11.638 9.536 612 8.924 29. ,868 26,,023 2 ,,4?5 23,,598 1 2 I 1 q 72 1971 II -37 -5.942 91 1 -6.853 I N C L U D E D IN P U B L I C D E B T HO US EH OL D SAVINGS BONOS DI RE CT EXC, SA VI NG S BONDS OTHER BU DG ET AGENCY 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 . A G E N C Y I S S U E S (?) 5.905 -109 139 5.875 - 337 7 NE T A C Q U I S I T I O N S * BY S E C T O R U . S . G O V T . ( A G E N C Y SEC. ) -13 SPONSORED CREDIT AGENCIES 63 1 DIRECT MARKETABLE 64 1 F H L B S P E C I A L IS S U E -10 FEDERAL RESEKVF SYSTEM 821 FOREIGN SHORT-TERM MARKETABLE OTHER -2.837 -2.806 -31 -3 .549 16.257 -6.952 -5.074 1.856 6.621 1.194 •4 . 8 87 5 .041 14.909 -382 1 .361 TOTAL PR IV AT E DOMESTIC 19 - 1 3 .2 58 20 2 .4 25 21 - 1 1 . 1 23 -4 .5 60 22 4.378 3.295 -5 1.088 -9.584 480 -5.756 -4.308 -3.219 676 -3.696 -199 434 612 84 -262 -889 657 -1.755 209 -69 79 7 307 -1.173 - 2 . 7 94 1 . 8 62 772 123 967 2 . 85 1 891 471 1 . 4 89 3.716 9 11 -338 3.143 PVT. 847 -4 .5 40 899 5.379 879 4.105 395 . 0 46 . 4 25 . 9 09 ,562 4.658 3.295 1.738 -375 -8.687 460 -5,341 -3,826 -2.793 676 -3.285 -184 2.499 612 1.727 160 -3.065 657 -4.010 288 1.041 797 1.629 -1.385 - 1 .083 2 .2 70 660 429 2.430 879 1.630 -79 2.569 891 35 1 . 6 43 -2.135 91 1 -5.149 2.103 27 28 29 1 ,036 -851 981 55 -2.386 -3.126 740 -1.137 -1.036 -101 2.815 2,640 175 -1.878 -2.033 1 55 -1 . 9 2 4 - 2 . 091 -35 209 1 93 16 167 -323 -437 114 1.739 1 .435 304 1 . 6 42 1.277 365 4.524 4.184 34 0 CORPORATE NONFIN. DIRECT A G EN CY ISSUES 30 31 32 - 2 ,248 - 1 ,195 - 1 , 0 53 2.106 1.383 723 -46 401 -447 -635 -604 -31 -928 -607 -3 2 1 -639 -385 -254 768 711 57 213 141 72 -85 -509 424 1.210 1 .0 40 170 -1.360 -841 -519 1.327 627 700 STATE ♦ LOCAL GOVERNMENTS DIRECT AG EN CY ISSUES 33 34 35 6 ,9 44 3 ,115 3 ,829 6.463 2.400 4.063 446 -131 577 - 1.122 -1.522 400 -9 3 -1.445 1,35 2 7,713 6.213 1,500 -1.447 -2.266 819 - 1 .492 -? . 3 70 878 1 .3 14 1 .0 8 1 8.088 5.955 2.133 -6.036 -6.357 321 -1.611 -3,566 1,957 COMMERCIAL BANKING DIRECT AGENCY ISSUES 36 37 38 2 , 7 65 - 1 , 2 47 4 ,0 12 5.416 1.557 3.859 2.186 -672 2.858 -733 -994 261 1,515 564 95 1 -203 -145 -5 8 2.710 602 2.108 -601 1 . 8 65 - 1 .0 5 4 73 4 453 1 .131 1.442 1.275 167 2.803 1.325 1.478 -744 -1,487 74 3 PRIVATE NONBANK FINANCE DIRECT AGENCY ISSUES 39 40 41 5 *205 1 , 3 54 3 .H51 4.280 926 3.354 4.152 1.031 3.121 76 8 401 36 7 484 -199 -300 173 -176 349 48 4 464 101 2.701 74 5 1.956 92 2 -107 262 1 .0 29 20 2.718 1.750 968 -1,036 -1.400 36 4 SA VI NG S * LO AN ASSNS. DIRECT AG EN CY ISSUES 42 43 44 358 -5 36 3 301 -132 433 57 68 -11 205 51 154 18 3 -105 288 -6 7 -1 9 11 5 -24 13 9 97 -49 14 6 32 -1 4 46 57 -45 -6 8 83 -94 177 58 -70 128 45 46 47 1 .101 328 180 146 236 124 11 2 322 152 170 319 147 17 2 224 10 8 11 6 75 41 34 80 44 36 85 47 38 88 531 57 0 48 40 9* 53 4? 98 54 44 CREDIT U M O N S DIRECT AG EN CY ISSUES 40 49 50 -155 -233 78 -236 -253 17 -135 -138 3 -150 -137 -13 43 -193 -159 -34 34 34 64 87 63 24 120 -21 0 -197 -181 -16 64 18 46 81 -61 142 LIFE INSURANCE DIRECT AGENCY ISSUES 51 52 53 -396 -215 -181 -368 -138 -70 -169 -108 -61 -82 -4 0 -42 -7 3 -131 -128 -3 -255 -169 -127 -129 145 144 -86 2 1 -109 -167 -2? -144 -134 -10 54 55 56 -296 26 -322 958 -10 868 135 -145 -423 -235 -188 40 42 97 84 13 337 343 58 4 555 29 308 45 26 3 40 40 -6 -168 -125 -43 205 95 90 57 58 59 - 1 .162 -189 -92 -97 -544 -390 -154 -584 -416 -168 301 92 209 -335 -104 -25 -79 -57 -142 85 -90 4 .94 62 -815 -347 71 -9 79 75 A -100 60 61 -2 9 1 -I , 5 9 9 130 21? 42 -1,474 -255 -447 -180 407 -23 242 29? -647 11 9 65 23 - 1 2 24 2 25 - 1 0 26 -3 -282 -86 -816 -68 222 -2 -101 -234 53 67 847 772 - 2 .5 9 0 1 . 0 69 23 3 102 110 102 -1 12 142 -85 -402 -290 662 (1 ) W H E R E N O T SHOWN SEPARATELY, -10 0 -25 75 DOMESTIC NONFINANCIAL SAVINGS BONDS D I R E C T EXC. SV GS . B O N D S AGENCY ISSUES HOUSEHOLDS SAVINGS BONDS - HOUSEHOLDS D I R E C T EXC. SVGS . R O ND S AGENCY ISSUES BUSINESS 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 MUTUAL SAVINGS BANKS DIRECT AGENCY ISSUES NONLIFE INSURANCE DIRECT AGENCY ISSUES PRIVATE PENSION FUNDS DIRECT AGENCY ISSUES 54 55 56 S. 57 58 59 ♦ L. G O V T , R T R , DIRECT AG EN CY ISSUES FUNDS IN VE ST ME NT COS, ( D I R EC T) 60 S E C , B R K R S , ♦ D L R S , ( •• ) 61 L O A N P A R T I C I P A T I O N S ARE AGENCY ISSUES. INCLUDEO WITH (2)T H E S E IS SU ES ARE O U T S I D E TH E 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 A R E I N C L U D E D IN C R E D I T M A R K E T DEBT OF FI N A N C I A L I N S T IT UT IO NS , S P O N S O R E D - C R E D I T ISSUES INCLUDE GNMA* G U A R A N T E E D S E C U R I T I E S 8A C K E 0 BY M O RT GA GE POOLS, 11/73 FIGURES ARE TENTATIVE ESTIMATES BASED ON INCOMPLETE INFORMATION, 10 11 12 18 AUGUST 1973 PRIVATE SECURITIES AND MORTGAGES PRIVATE SECURITIES AND MORTGAGES 16 16 P R I V A T E S E C U R I T I E S AND M O R T G A G E S ( M I L L I O N S OF D O L L A R S ) UNADJUSTED QUARTERLY FLOWS I 1 1972 1 9 71 UNADJUSTED QUARTERLY 1971 I IV III II I 1 STATE AND LOCAL 1P7? I II GOVERNMENT I 1 IV III FLOWS 1973 T II SECURITIES 3 16*626 2.434 14.192 11.930 -996 12.926 5.066 1.134 3.932 4.447 824 3.623 3.909 589 3.320 3.204 -113 3.317 3.615 432 3.183 2.975 -539 3.514 3.053 -154 3.207 2.287 -735 3.022 764 -1 . 4 83 2.247 3.521 215 3.306 N E T C H A N G E IN L I A B I L I T I E S OF ST AT E AND LO CA L G O V E R N M E N T S SHORT-TERM OTHER 4 5 16.626 -874 11.930 1.296 5.066 -227 250 4,447 -847 250 -108 3.909 1.272 250 49 3.204 -1.072 250 -45 3.615 578 250 -3 0 2.975 133 250 -119 3.053 ?3 25 0 79 2.287 562 25 0 -A5 764 789 25 0 -176 3.521 2.285 250 -37 N E T C H A N G E IN A S S E T S HOUSEHOLDS CORPORATE BUSINESS S. ♦ L. G O V T . , G E N . 4.409 73 25 871 3.017 51 -3 -45 969 82 2.205 12 5 1.689 4 36 817 53 426 51 -9 816 268 -453 1 55 -41 -273 830 -317 -20 -12 1.998 1 95 -5 -162 798 -123 1 2 6 1 .000 1.0 00 7 -206 -155 -102 8 12.607 193 57 -174 3.910 11 3 6.318 483 4.310 49 -22 8 8 9 10 11 12 13 -178 3.304 -116 795 -25 2 1.044 -401 20 27 -139 1.102 457 CORPORATE 20.079 12.187 1.051 5.441 374 1.026 7.271 5.466 415 993 115 282 6.562 5.399 4.822 3.583 88 68 543 264 268 943 -84 312 24.668 8.172 1.275 4.316 20.079 4.851 1.711 2.826 7.271 2.390 369 1.921 6.562 2.913 369 1.505 4.822 2.889 268 2 41 6.013 13 14 15 9.888 5.466 -653 4.790 285 10.347 7.194 -1.588 4.804 -63 2.410 1.157 -615 1.633 235 2.237 991 -273 1.463 56 1.609 1.224 -394 796 -17 3.632 2.094 629 898 16 17 745 272 300 44 17 164 -398 -64 -336 151 1.462 3 4 5 6 7 8 9 10 11 12 -60 873 -314 8 6.013 4.359 146 1.309 121 78 -20 269 649 11 21 CORPORATE 48 -32 835 92 5.181 2.775 453 1.334 13 6 483 5.472 3.812 94 1.004 140 422 4.387 3.037 137 1.303 38 -128 5.039 2.563 36 7 1.800 60 249 2.536 1.537 17 713 150 11 9 3.522 2.544 50 632 85 5.181 2.280 464 1.308 5.472 1.037 472 865 4.387 1.198 250 517 5.039 336 525 1 36 2.536 372 23 240 3.522 885 4 -60 1.806 1.705 -788 882 7 3.236 1.800 -312 1. 7 8 1 -33 2.968 1.389 279 1.335 -35 2.337 2.300 -767 806 -2 3.138 1. 4 2 1 516 1.168 33 2.950 1.360 509 903 178 -746 69 -163 25 -404 -142 1.613 92 -1.459 22? -664 407 3.013 2.792 481 2.311 1.779 194 134 130 74 3.700 -348 4.048 3.480 14 153 292 109 4.453 216 4.237 3.810 -7 15 9 282 -7 3.715 832 2.883 2.632 13 15 3 234 -149 2.910 273 2.637 2.135 50 150 348 -46 3.311 -679 3.990 3.205 209 150 502 -76 2.739 -229 2.968 2.557 4 150 338 -81 3.0] 1 2.499 261 150 31 0 -209 2.491 -338 2.829 2.402 3 150 440 -166 1.447 -751 2.198 1.959 7 150 350 -268 11.973 -5.857 617 129 16.495 3.500 7.065 2.973 2.957 2.792 -2.481 96 15 4.477 1.123 2.391 692 27 1 3.700 -1.671 1 08 17 5.268 84 8 2.908 76 3 74 9 4.453 468 10 4 -27 4.232 797 1.737 96 1 737 3.715 -1.727 167 2.739 297 13 4 3.013 -3.926 99 2.491 -296 186 1.447 -2.153 123 42 4.823 1.048 2.149 941 685 0 0 0 0 4.234 872 1.879 76 9 71 4 2.910 -706 182 87 4.085 1.057 1.927 513 588 3.311 -1.522 13 14 15 16 17 14.660 -5.411 475 -17 18.211 3.640 8.915 3.185 2.471 3.227 522 1.044 773 888 4.360 873 1.945 746 79 6 3.874 87 0 1.224 95 3 827 3.633 75 0 1.358 925 600 18 19 566 445 121 607 593 14 78 -1 9 268 -287 -3 -554 134 20 21 -1.679 -1.821 142 2.268 532 -550 1.082 531 -1.431 -473 -958 693 -399 -348 -51 165 -1.242 -745 -497 32 3 1.393 -255 1.648 1.087 -2.561 -1.297 -1.264 1.288 -301 -547 246 145 6 7 8 9 10 11 12 836 -6 8 8 230 -2 2 TOTAL 202 2 1 48.867 68.833 7.245 12.874 14.449 14.299 12.444 17.796 19.126 19.467 15.399 19.846 1.994 -72 134 46.811 24.138 1. 2 1 7 21.456 1.153 413 1.23 4 271 -18 17 14.179 6.924 33 0 6.925 551 2.582 3.792 76 -14 47 14.190 8.440 343 5.407 443 1. 87 1 3.093 5 -19 51 12.407 7.914 34 3 4.150 634 1.126 2.390 81 0 -24 204 16.806 9.037 357 7.412 867 2.532 4.013 23 2 106 101 -21 178 15.141 9.472 35 5 5.314 755 1.74 ? 2.817 453 -23 17 7 19.239 10.529 354 8.356 860 2.986 4.510 12 .8 74 -565 5 43 1.577 14.449 180 12.444 -844 3 77 1.75 9 17.796 -248 3 -198 1.687 19 .1 26 -71 15.399 -776 19.846 -387 0 0 51 2.178 14.299 432 4 -3 3 1.942 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 -86 -20 -2 0 48 0 67.286 38.423 1.421 27.442 2.580 9.236 15.626 36 6.816 3.435 34 11.626 5.339 323 5.964 463 2.469 3.032 48.867 58 16 37 6.328 68.833 -2.029 7.245 2.011 8.002 11.443 221 3.160 554 1.080 1.526 8 9 10 INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENS IO N FUNDS S . ♦ L . GO VT . RTR. FU ND S OTHER INSURANCE COMPANIES 13 14 15 F I NA NC E N.E.C. HEST o f t h e WORLD 16 17 11 12 NE T ISSUES O P E N - E N D I N V E S T M E N T CO S. OTHER SECTORS CORPORATE BUSINESS COMMERCIAL BANKS O T H E R I N S U R A N C E C O S. REITS R E S T OF THE W O RL D NET PURCHASES HOUSEHOLDS MUTUAL SAVINGS BANKS COMMERCIAL BANKING INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS S. ♦ L. G O V T . . R T R . F U N D S OTHER INSURANCE COMPANIES FINA NC E N.E.C. OPEN-END INVESTMENT BR OK ER S AND DEAL ER S R E S T OF T H E W O R L D C O S. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 lfl 19 20 21 -21 115 18.800 10.182 36 3 8.255 635 2.952 4,668 -?2 110 19.273 11.290 358 7.625 444 2.626 4.555 19.467 TOTAL MO RTGAGE CREDIT BORROWED B Y SAVI NG S ♦ LOAN ASSNS. U.S. GO VE RN ME NT REITS PRIVATE NONFIN. SECTORS HOUSEHOLDS NONPROFIT INSTITUTIONS BUSINESS FARMS NONFARM NO NCORPORATE CORPORATE -752 2.421 13 16.552 4.500 10.178 fl.739 1.426 13 17.596 4.934 10.508 8.997 1.497 14 18.8?2 4.266 10.174 8.506 1 . 6 55 13 14,778 4.000 8.84Q 7.47? 1 .3 64 13 18.564 4.627 11.056 9.537 1.506 13 PVT. FINA NC IA L IN STITUTIONS COMMERCIAL BANKS SAVINGS INSTITUTIONS S V G. ♦ L O A N A S S N S . (1) MUTUAL SAVINGS BANKS CREDIT UNIONS -28 123 -109 -43 87 -101 110 -422 -72 -312 -38 1.374 1.506 - 1?0 213 26« -124 6 fl 26 2 400 -116 6.626 1.149 4.613 3.868 732 13 11.814 2.915 7.984 7.010 963 12.034 3.297 8.017 7.024 982 11.954 2.579 7.517 6.152 1.353 11.449 3.099 6.773 5.760 11 11 12 76 0 1 .0 11 1.121 1.823 -683 -131 35 158 -143 -164 -24 747 745 -201 68 142 242 -170 78 1.0 00 23 24 25 26 27 28 29 -22 2 20 0 2 -11 -1 233 596 -38 616 -7 361 750 1 4.132 4.844 -7 497 582 0 1.053 2.544 709 1.290 706 1.196 1.265 802 1.452 1.556 30 -2.679 43 -925 -2.449 396 299 -1.944 83 6 61 1.243 (?) 7 HOUSEHOLDS COMMERCIAL BANKING MUTUAL SAVINGS BANKS -476 1.873 64.419 16.799 37.633 32.002 5.578 53 TE N T A T I V E ESTIMATES BASED ON 6 purchases - 1 91 1.700 42.428 9.940 28.131 24.054 4.030 47 ARE net 3 4 5 69 1.530 -24 63 1 11/73 FI GU RE S 1 2 FUNDS ADVANCED B Y HOUSEHOLDS S. ♦ L. G O V T S . , G E N . F U N D S U.S. GOVERNMENT S P O N S O R E D C R E D I T A G . (1) (2) -243 6.676 -8 13 issufs -866 2 11 1 -615 276 8 9 10 11 12 CORPORATE BUSINESS COMMERCIAL BANKS FINANCE COMPANIES REITS R E S T OF T H E W O R L D 2 10 6 7 MORTGAGES 2 3 4 5 FUNDS equities 11.973 -633 12.606 10.396 524 600 1.498 -412 3 4 5 net 211 14.660 1.181 13.479 11,701 214 599 938 27 1 2 <► 5 6 COMMERCIAL BANKING MUTUAL SAVINGS BANKS L I F E I N S U R A N C E C O S. S. ♦ L. G O V T . . R T R . F U N D S O T H E R I N S U R A N C E C O S. FINANCE N.E.C. 100 3 AND FORE IG N BONDS 24.668 18.807 717 3.788 416 940 1 2 112 1 2 266 -142 -39 INCLUDES MORTGAGE INCOMPLETE INFORMATION. 1 -22 0 103 1.613 969 1.650 441 2.725 ASSNS. (INCLUDED INSUPANCE L I FE C O M P A N I E S P V T. P E N S I O N F U N D S S. ♦ L. G O V T ,* R E T , OTHER INSURANCE FINANCE COMPANIES REITS PASS-THROUGH 3 4 5 6 7 ft 9 10 11 12 13 1* 15 16 17 1A 19 20 21 2? 23 24 25 F U N D 26 27 28 29 (1) M E M O : F H L B L O A N S TO S* L IN " O T H E R L O A N S " C A T E G O R Y ) . POOLS BACKING GN MA -G UA RA NT EE O 1 2 SECURITIES, 30 IS AUGUST 1973 MORTGAGES* BY TYPE m o r t g a g e s * by type 17 17 MORTGAGE MARKETS BY TYPE OF MORTGAGE (MILLIONS OF DOLLARS) UNADJUSTED QUARTERLY FLOWS UNADJUSTED QUARTERLY FLOWS t 19 71 I I II | HI IV | 1q 72 I | II HI IV I 1973 I HOME MORTGAGES 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 27,970 24,138 955 955 -72 1,994 40.724 38.423 617 617 27.970 -596 16 -318 4.778 40.724 -2.214 -606 4.303 -161 357 5.691 19.285 17.939 1.299 47 8.984 27,760 24.698 3.009 53 -2.687 -2.072 -615 1.053 748 -2.821 -2.138 -683 4.132 1.176 -86 1.153 10 3.412 3.435 -208 -208 7,671 5.339 559 559 8.755 6.924 789 789 413 1 .234 271 3.412 -105 7.671 -318 5 -39 1*195 8.755 -237 534 2.935 2.707 215 13 1.591 5.311 5.046 254 -540 -397 -143 233 158 -743 -542 -20 1 -20 11 -201 497 172 8.132 8.440 -185 -185 -14 76 6.928 7.914 -486 -486 -19 5 10.799 9.037 488 488 -24 810 11.861 232 -22 106 6.928 -413 3 -97 1.247 10.799 -455 3 -184 1.155 11.861 11.136 -478 -15 1.767 8.132 64 4 -103 1.459 -59 871 -868 2 -266 1.030 1.954 5.919 5.598 310 1.612 5.120 4.588 520 1.551 4.673 4.197 463 13 2,218 7,549 6.778 758 13 2.864 8.194 7.310 870 14 -791 -621 -170 -38 190 -613 -512 -1.085 -773 -312 709 340 -672 -563 -109 706 479 -812 -670 -142 1.265 14 -18 6 11 12 -101 361 228 10.182 734 734 -21 2 11.136 11.290 -119 -119 8.484 9.472 -534 -534 11.947 10.529 494 494 -23 453 NET CHANGE IN LIABILITIES HOUSEHOLDS NONFARM NONCORP, BUSINESS CORPORATE BUSINESS U.S. GOVERNMENT SAVINGS AND LOAN ASSNS. -489 1.094 11.947 -305 0 -767 1.700 NET CHANGE IN ASSETS HOUSEHOLDS STATE ANO LOCAL GOVERNMENTS U.S. GOVERNMENT SPONS. CREDIT AGENCIES (1) 2.351 7.344 6.413 918 13 2.09? 6.300 5.413 874 13 2.538 8.229 7.288 928 13 COMMERCIAL BANKING SAVINGS INSTITUTIONS SAVINGS AND LOAN ASSNS, MUTUAL SAVINGS BANKS CREDIT UNIONS -252 -132 -400 -276 -124 103 316 -717 -601 -116 969 300 INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS FINANCE COMPANIES REITS -120 1,452 343 -21 101 8.484 -53? 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 MULTI-FAMILY r e s i d e n t i a l MORTGAGES 1 2 8.617 6.171 2.601 45 10,426 7,283 2,985 158 1,642 1,149 481 9 8.817 428 376 820 673 10,426 -52 348 1.183 1.794 10 11 12 4.790 2.998 1.792 13 14 15 1 2 2,451 1,716 724 2.189 1.532 651 2 <.535 1 . 774 1,642 -119 144 114 169 2,451 -135 89 150 229 2.189 390 70 223 163 2 ..535 4.915 3.611 1.104 1,005 603 402 1,776 1,221 881 564 317 1 ..128 712 276 742 469 -131 1.900 208 160 216 78 166 10.069 1.217 876 7.887 89 15.103 1.421 1.336 12.024 322 1,637 2 ,289 2 .954 221 139 1,253 24 323 194 1 ,749 23 330 261 2 .352 15.103 -461 1,637 -140 9 10.069 -634 -5 3.022 5,445 2 •?89 -122 -2 2 ,.954 8 311 882 1 ..023 806 1.047 1.432 1.630 1.336 1.309 10 11 12 4.125 3.117 1.008 4,946 3,493 1,453 679 558 903 743 160 1 ,,249 1.294 954 340 1.031 737 294 1.307 916 391 1.220 1.215 855 365 1.388 985 403 13 14 15 2.529 3,414 558 1.054 1,768 230 971 -7 314 507 3 4 5 6 7 8 12 101 20 11 555 114 68 6 745 16 292 73 333 112 610 518 279 110 208 1.942 1.356 569 17 2.502 1.731 704 67 2 ,.552 1 . 854 1.942 -214 97 290 382 2.502 2 , 552 -11 34 104 343 330 1.069 826 243 1.312 1.045 267 1 ,.093 -87 -38 443 39 -43 271 154 -39 533 -11 653 695 660 38 69 238 627 632 261 3,.430 2 , 342 1 ,.052 36 2.861 1.995 827 59 3,.166 NET BORROWING 2 ,.152 NONFARM NONCORP. BUSINESS 956 CORPORATE BUSINESS 58 REITS 3,,430 139 78 312 455 2.881 -131 15 295 318 3<.166 NET CHANGE IN ASSETS 77 HOUSEHOLDS -10 U.S. GOVERNMENT 194 SPONS. CREDIT AGENCIES (1) 380 COMMERCIAL BANKS 1,.441 1,. 108 333 1.328 1.173 155 1 ,.597 1,.255 342 293 200 -22 363 66 750 \ 2 3 4 5 6 7 A 9 SAVINGS INSTITUTIONS SAVINGS AND LOAN ASSNS. MUTUAL SAVINGS BANKS 10 11 12 LIFE INSURANCE COS. S. ♦ L, GOVT,. PENS, FUNDS REITS 13 14 15 COMMERCIAL MORTGAGES 3 4 5 6 7 -22 -11 2 -1 121 0 385 -7 250 11 -183 -2 862 387 615 -8 260 3.189 343 282 2.533 31 2.940 343 256 2.307 34 3.628 357 313 2.821 137 4.078 363 364 3.274 77 4.457 358 403 3.622 74 3.279 355 261 2.524 119 3.873 NET BORROWING 354 HOUSEHOLDS 340 NONFARM NONCORP, BUSINESS 3.060 CORPORATE BUSINESS 119 REITS 4 5 3.189 -189 2.940 -507 3.628 -154 4.078 240 4.457 -40 3.279 -115 3.873 NET CHANGE IN ASSETS -136 HOUSEHOLDS 0 U.S. GOVERNMENT 1.481 COMMERCIAL BANKS 6 7 8 9 0 farm 0 0 862 0 -11 596 0 0 886 329 742 1.214 446 255 560 602 1 2 -1 267 1 3 1.227 994 233 SAVINGS INSTITUTIONS SAVINGS AND LOAN ASSNS. MUTUAL SAVINGS BANKS 10 11 12 701 LIFE INSURANCE COMPANIES OTHER INSURANCE COMPANIES REITS 13 14 15 0 600 mortgages 1 2.011 2.580 554 463 551 443 634 867 635 444 755 2 3 4 5 6 7 860 -16 730 554 -69 -48 698 26 1.190 576 12 78 375 -6 160 135 -6 -104 10 -5 232 213 -6 19 210 -2 168 157 -32 30 265 -3 150 49 -25 7 290 77 222 119 0 -74 372 -83 294 223 10 51 133 35 316 110 1 40 -97 -3 358 1?4 1 61 ? -? 484 281 6 -16 860 NET BORROWING BY FARMS NET CHANGE IN ASSETS— HOUSEHOLDS U.S. GOVERNMENT FEDERAL LAND BANKS COMMERCIAL BANKS MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES -23 25 527 228 3 100 (1) INCLUOES MORTGAGE POOLS BACKING GNMA-GUARANTEED SECURITIES. 11/73 FIGURES ARE TENTATIVE ESTIMATES BASED ON INCOMPLETE INFORMATION, 1 2 1 2 3 4 5 6 7 18 AUGUST 1973 CONSUMER CREDIT AND BANK LOANS N.E.C. 18 CONSUMER CREDIT AND BANK LOANS N.E.C. CONSUMER UNADJUSTEO QUARTERLY 1971 1972 CREDIT AND HANK L O A N S NOT E L S E W H E R E ILL I O N S Of O O L L A R S ) FLOWS I I UN ADJUSTED QUARTERLY FLOWS 1971 I 18 CLASSIFIFD II HI l p ?2 I I IV I CONSUMER II HI | I IV 1973 I II CREDIT 1 1 1 ..231 19,,170 -1.520 3,,693 3,.632 5,.426 -515 5,.933 5.164 8.588 1.756 7,.763 2 9,.231 2 ,.000 16,.037 3,.133 -1 .4 6? -5 8 3,.092 601 3,.379 253 4,.222 1 .204 -3 8 -477 5,.108 825 4.828 336 6,139 2.449 2.043 -287 6 ,.643 1 ,.1 2 0 1 1 ..231 9,.231 25 140 5.,842 1 .,913 1 ,,291 19.,170 16,,037 183 1 ,,002 H«,543 2 ,,490 3,,819 -1.520 -1.462 3,.632 3,.379 16 85 1 ,,804 693 781 5,.426 4,.22 2 138 75 3 1 . 566 469 1 ..276 -515 -3 8 -8 4 -4 61 54 2 41 5 -450 5,.933 5.,108 14 74 3.,101 -938 3..693 3,,092 -9 -4 2 2 ,,221 750 ) 72 5.164 4 . 8?8 46 25 6 2.683 758 1.085 8.588 6.139 20 7 1.133 2.21 7 449 2.133 1. 7 5 6 2.043 -7 8 -426 1 .6 05 541 401 7,.763 6 ,.643 39 214 3,,611 1 ,.032 1 ..747 ?..000 662 432 847 59 3.,133 691 57 0 1 ,,541 131 -58 601 1 ..204 -477 54 -790 175 84 82 5 2.449 846 692 23 -287 155 -726 21 7 67 1 ,.1 20 -2 33 6 -1 2 3 99 334 26 18.860 10.461 28.972 16.044 24.886 3 4 5 6 7 0 9 10 11 12 13 14 15 -120 -656 231 21 220 54 253 -6 2 -381 94 9 201 106 32 7 19 192 17 HANK loans NOT 450 506 23 4 14 ELSEWHERE 868 1 ,.051 112 37 5 340 666 NET C H A N G E IN L I A B I L I T I E S (HOUSEHOLDS) INSTALMENT CREDIT NONINSTALMENT CREDIT C H A N G E IN a s s f t s INSTALMENT CREDIT NONFARM NONCORP. BUSINESS CORPORATE BUSINESS COMMERCIAL BANKING SAVINGS INSTITUTIONS FINANCE COMPANIES net NONINSTALMENT CREDIT NONFARM NONCORP. BUSINESS CORPORATE BUSINESS COMMERCIAL BANKING SAVINGS INSTITUTIONS 142 528 446 4 2 3 4 5 30.541 9,940 6.689 77 5 78 6 59,976 16,799 10,084 4,757 -204 -4,657 1 .1 49 32 5 -2.136 -255 13,317 2,915 2.548 -304 -41 6.621 3.297 1.996 30 4 -365 15.260 2.579 1. 8 2 0 2.011 1.447 1. 6 8 3 B a n k LO AN S AT COMM ER CI AL BANKS. F/F BASIS 3.099 71 7 -9 11 -520 4.500 3, 44 1 1.598 -266 4.934 3.017 302 -448 4,266 2.909 3.768 1.030 4,000 1,82? -4,316 -1,680 LESSI 4,627 4,057 -752 -6 7 6 0 0 0 0 0 0 0 0 0 0 0 0 7 12.351 28,540 -3,740 8.199 1.369 6.503 -702 9.587 2.656 16.999 16.216 17.021 6 0 0 0 0 0 0 0 0 0 0 0 0 9 12 . 3 5 1 28,540 -3,740 8.199 1.369 6.503 -702 9.587 2.656 16.999 16.21* 17.021 10 11 12 12.351 9.313 361 1,345 204 4,768 2,635 26.540 21.777 2.872 1.814 727 13.951 2.413 -3.740 -3.882 -1.887 34 5 69 -2,160 -249 8.199 6.430 1.867 726 137 3.037 663 1.389 2.033 -1.073 274 -293 1.827 1,298 6.503 4.732 1 .4 54 -702 -2.249 -1.986 30 0 140 -697 9.587 9.252 2.986 810 483 4.293 680 2.656 -143 -2.034 90 -223 1. 3 7 2 652 16.999 14.917 3.906 614 32 7 8.983 1, 0 8 7 16.21P 11 .8 46 -1.680 586 287 10 .0 57 2.604 17.021 14.289 2.679 3,038 6,763 77 6 3,631 1,512 844 142 - 1 71 -36 367 -18 1 .769 42 0 1,191 -644 1. 77 1 32 9 21 7 335 426 600 2.799 141 934 14 1.710 2,082 53 7 2,126 87 6 -1.457 4.37? -3 41 1.376 1.35? 1.985 2.732 155 2,436 1,240 -1,099 13 14 15 16 17 18 19 20 21 668 48 661 1, 64 1 11 2 46 110 -1.324 18 2 38 8 0 291 2.064 923 0 1.225 -6 1. 5 4 7 -328 -29 51 2 1.392 110 -8 01 11/73 FIGURES ARE TENTATIVE ESTIMATES BASED ON INCOMPLETE INFORMATION, 3 4 5 6 7 6 9 10 11 12 13 14 15 CLASSIFIFO total 1 1 2 1.0 00 155 9.907 548 L O A N S IN O T H E R MORTGAGES CONSUMER CREDIT SECURITY CREDIT commercial 1 CATEGORIES paper HYPOTHECATED DEPOSITS EQUALS! BANK LO AN S N.E.C. PLUSi L O A N S BY F. R. B A N K S EQUALS! TOTAL BANK LO AN S N.E.C NE T C H A N G E IN L I A B I L I T I E S NONFINANCIAL SECTORS HOUSEHOLDS FARM b u s i n e s s NONFARM NONCORP. BUSINESS CORPORATE BUSINESS RE ST OF THE W O R L D FINANCIAL SECTORS SA VI NG S ♦ L O AN ASSNS, FINANCE COMPANIES REITS F O R E I G N B A N K I N G A G S, 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 18 A U G U S T 1 9 7 3 OTHER LOANS OTHER LOANS 19 O P E N - M A R K E T P A P E R ANO O T H E R L O A N S ( M I L L I O N S OF D O L L A R S ) UNADJUSTED QUARTERLY FLOWS 1 9 71 1972 I 1 UNADJUSTED QUARTERLY FLOWS 19 71 I 19 III II I 1 IV lq?2 OTHER LOANS — I II SECTOR TOTALS III I 1 IV 1973 I II 1 2 3 4 5 6 7 8 5.904 5.742 1.373 742 488 6 51 365 2.123 10.383 5.438 1.330 463 416 2.479 345 405 3.556 4.583 433 477 317 2.465 93 798 -1.862 1.105 302 557 247 -562 .68 629 2.419 380 31 7 -92 -313 -56 249 275 1 . 79 1 -326 321 -200 237 -1.196 91 421 3.412 2.896 321 318 -315 1 .7 94 267 511 2.645 1 . 36 1 356 442 242 1.288 -303 -664 42 -240 469 -138 -397 -214 126 -86 4.284 1 . 42 1 184 -159 886 -389 255 644 5.460 1.309 468 329 638 -1.015 74 815 6.945 2.518 469 583 266 530 -50 720 N E T I N C R E A S E IN L I A B I L I T I E S NONFINANCIAL SECTORS HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUSINESS CORPORATE BUSINESS STATE AND LOCAL G O VE RN ME NT S R E ST OF THE W O R L D 1 2 3 4 5 6 7 8 9 10 11 12 13 14 162 0 1.685 -2.679 376 780 4.945 0 2.397 43 45 2.460 -1.027 0 679 -925 - 7 81 0 -2.967 0 -337 -2.449 -181 0 2.039 0 1.447 396 -116 312 2.117 0 -104 299 1.454 468 516 0 2.259 -1.944 - 3 41 542 1.284 0 33 8 83 248 615 282 0 -224 661 -818 663 2.863 0 24 1.243 956 640 4.151 0 3.413 441 33 7 -4 0 4.427 0 578 2.725 824 300 FINANCIAL SECTORS SPONSORED CREDIT AGENCIES COMMERCIAL BANKING SAVINGS * LOAN ASSOCIATIONS F I N A N C E COS. REITS 9 10 11 12 13 14 15 16 17 18 5.904 -3.880 4.247 3.189 10.383 432 3.306 2.551 3.556 -1.285 1.990 1.223 -1.862 -1.229 -1.506 917 2.419 -382 2.489 575 1 . 79 1 -984 1.274 474 3.412 -947 2.811 742 2.645 596 1.457 146 42 -893 -1.570 987 4.284 1.676 608 676 5.460 -20 400 886 6.945 129 649 642 19 20 21 22 23 24 25 -2.001 204 786 455 1.629 1.434 -159 755 -155 -20* -112 1.370 2.502 -62 -396 81 -255 348 1.108 967 -225 -2.032 -76 - 41 40 896 475 694 1 66 -1 -365 50 680 -1.301 508 261 200 1.447 17 -1.055 1.293 -1.136 -1.466 -118 -520 486 1.329 1.184 -89 36 4 -70 -266 -120 -18 436 120 591 -11 -448 105 1.421 -98 -42 1.266 44 1.030 -583 -1.362 980 -51 1.342 59 -1.680 857 2.176 1. 1 0 1 339 3.113 -99 -67 282 502 1.233 561 1.074 -1.442 760 1.886 1.863 1 1.947 3.337 1.075 -1.699 OPEN-MARKET paper 2.563 8 2.945 NET 2 3 4 5 308 47 0 300 -462 1.841 412 1.200 229 -1.275 -672 0 -603 41 93 0 -52 212 -108 100 220 1.330 1.157 200 -27 12 9 -220 200 149 662 558 302 -198 -575 -1.037 298 164 1.625 l.lll 400 11 4 2.144 1.477 -89 756 1.684 975 -18 647 6 7 8 9 10 -1.253 -1.725 -94 480 86 754 -574 -367 1.260 ♦35 899 1.062 -109 0 -54 -1.834 -1.653 -274 0 93 568 417 -8 212 -53 -886 -1.551 297 268 1 00 1.360 1.089 -121 342 50 89 89 -310 313 -3 221 -596 219 365 233 -916 -1.156 -155 240 155 -2.813 -1.785 -1.140 49 63 138 -217 -151 318 180 11 12 13 1* 15 831 529 265 264 302 -991 75 36 39 -1.066 115 30 15 15 85 472 532 266 266 .60 503 444 222 222 59 -259 -477 -238 -239 218 -604 -744 -372 -372 140 -216 711 355 356 -927 -467 49 24 25 -516 296 59 29 30 237 -39 -298 -149 -149 259 378 241 12 0 121 13 7 16 2.061 1.733 1.336 -378 1.280 -177 2.060 539 -621 -245 2.594 17 18 19 20 21 22 23 24 25 1.947 -3.880 4.247 204 786 455 628 -334 -159 3.337 432 3.306 -155 -204 -112 437 -305 -62 1.075 -1.285 1.990 81 -255 348 876 -455 -225 -1.699 -1.229 -1.506 -76 -41 40 661 -242 694 2.563 -382 2.489 -1 -365 50 399 -135 508 8 -984 1.274 200 1.447 17 -1.308 498 -1.136 2.945 -947 2.811 -118 -520 486 1.182 140 -89 1.074 596 1.457 -70 -266 -120 -329 -314 120 -1.442 -893 -1.570 -11 -448 1 05 1.171 246 -4 2 760 1.676 608 44 1.030 -583 -1.587 -377 -51 OTHER N E T I N C R E A S E IN A S S E T S HOUSEHOLDS CORPORATE BUSINESS U.S. G O V E R N M E N T SPONSORED CREDIT AGENCIES MONETARY AUTHORITY COMMERCIAL BANKING MUTUAL SAVINGS BANKS INSURANCE FINANCE N.E.C. R E S T OF T H E W O R L D OPEN-MARKET PAPER-TOTAL ISSUES* BY TYPE 15 16 17 18 19 20 21 22 23 24 25 1 ANO SE CT OR— DIRECTLY-PLACED PAPER FINANCE COMPANIES REITS BANK AFFILIATES 2 3 4 5 OEALER-PLACEO PAPER NONFIN. CORPORATIONS FINANCE COMPANIES REITS BANK AFFILIATES 6 7 • 9 1# BANKERS* ACCEPTANCES NONFINANCIAL BUSINESS CORPORATE NONCORPORATE REST OF THE WO RL O 11 12 13 14 15 -249 N O NB AN K CR ED IT TO BA NK S IN S E C U R I T Y M P •S 16 1.886 -20 400 59 -1.680 857 1.886 45 339 1.863 129 649 -99 -67 282 57 35 1 56 1 NET PU RC HA SE S* BY SE CT OR HOUSEHOLDS NONFIN. CORPORATIONS FEDERAL RESERVE COMMERCIAL BANKS MUTUAL SAVINGS BANKS L I F E I N S U R A N C E COS. INVESTMENT COMPANIES REST OF THE WORLO 17 18 19 20 21 22 23 24 25 TYPES 1 2 3 1.768 -117 1.885 2.807 31 2.776 1.422 105 1.31 7 717 .30 747 -1.166 -461 -705 795 269 526 1.044 -30 1.074 750 -64 814 -344 -650 30 6 1.357 775 582 1.056 92 964 882 265 617 F I N A N C E CO. L O A N S TO B U S I N E S S LIABILITY-NONCORP. BUSINESS CORP. BUSINESS U.S. GO VE R N M E N T L O AN S L I A B I L I T I E S OFt HOUSEHOLDS FARM BUSINESS N O N F A R M N O N C O R P . BUS. CORPORATE BUSINESS STATE ♦ LO CA L GOVTS. SPONS. CREOIT AGENCIES REST OF THE WORLD S 6 7 8 9 10 11 SPONSORED CREOIT AGENCY LOANS F A R M B U S I N E S S (FIC B) NO NFARM NONCORP. BUS.(BC) S. ♦ L. A S S O C I A T I O N S (FHLB) 12 13 14 15 PO L I C Y L O A N S (HSHOLD LIAB.) ASSETS U.S. GOVT. L I F E IN SU R. COS. 16 17 18 4 3.177 2.539 1.219 915 571 472 742 144 978 675 884 640 5 6 7 8 9 10 11 360 47 358 226 365 0 1. 8 2 1 385 36 61 24 1 345 0 1.471 19 7 71 74 71 93 0 713 65 28 12 3 78 -68 0 689 32 -24 88 10 249 0 216 66 -28 73 67 91 0 203 174 19 -92 3 267 0 371 43 30 81 30 -303 0 263 21 0 41 11 9 52 126 0 43 0 -4 2 -54 -47 156 255 0 407 176 25 98 -45 74 0 556 22 25 50 10 -50 0 583 12 13 14 15 -2.001 695 -17 -2.679 755 42 7 28 5 43 -396 406 12 3 -925 -2.032 529 -112 -2 .4 49 ' 16 6 -68 -162 396 26 1 -172 134 299 -1.466 299 179 -1.944 364 412 -131 83 59 1 -179 10 9 66 1 1.26 6 -105 128 1.24 3 1.342 304 597 441 3.113 558 -170 2.725 16 17 18 1.013 12 1. 0 0 1 945 12 933 236 4 232 237 2 235 285 4 281 255 2 253 147 0 147 313 2 31 1 259 9 25 0 226 1 225 292 2 290 447 2 445 19 0 0 0 0 0 0 0 0 0 0 0 11/73 FIGURES ARE TENTATIVE ESTIMATES BASED ON INCOMPLCTK INFORMATION. H Y P O T H E C A T E D D E P O S I T S (HSHOLOS LIAS.) 0 ASSET-COMMERCIAL BANKS 1 2 3 4 19 IS AUGUST 1973 SECURITY CREDIT* TRADE CREDIT* AND TAXES 20 SECURITY CREDIT. TRADE CREDIT* AND TAXES SECURITY UNAOJUSTED QUARTERLY 1971 1972 CREDIT* TRADE CREDIT* ANO TAXES ( P I L L I O N S OF O O L L A R S ) FLOWS I I UNADJUSTED QUARTERLY FLOwS 1971 I PAYABLE II HI IV | | SECURITY 1072 I n m IV | I 1973 I II CREDIT 1 2 3 3.776 2.609 33 8.854 4.672 84 -1.38fl 2 35 337 903 -1 4 74 4 643 20 4.083 1. 06 1 -8 1 .504 2.075 67 2.663 1.682 -40 462 620 -3 4,.225 29 5 60 -5.717 -993 -3 9 -2.586 •1.614 35 4 5 6 7 1.134 652 0 482 4.098 3.838 87 173 -1.425 -2.061 0 636 -552 -336 0 -216 81 267 0 -186 3.030 2.782 0 248 -638 -1.000 0 36 2 1.02 1 1.334 0 -313 -1S5 57 0 -212 3,,A 7 0 3,,447 87 336 -4.685 -4.069 -335 -2 81 -1.007 -753 -52 -202 8 9 3.776 520 8.854 118 -1.38A 47 4 337 -124 744 -100 4.083 2 70 1.504 348 2.663 -3 0 0 46 2 -186 4,.225 256 -5.717 -225 -2.586 -238 10 11 12 775 2.519 -38 4.757 3.924 55 -2.136 112 162 -304 857 -92 304 626 -8 6 2. 9 1 1 924 -22 - 9 11 2.053 14 1. 5 9 8 1.378 -1 3 30 2 372 -?6 3.,768 1?1 80 -4.31f -1.120 -56 -752 -1.632 36 1 2 3 4 4.553 4 91 1.211 -1.152 14.939 485 1 .0 00 -1.052 -2.340 126 287 1.304 1.624 122 316 1.865 4.857 121 317 2.956 412 122 291 •7.2 77 586 122 2 66 967 3.615 121 245 2.835 7.055 121 239 2.405 3.6A3 121 250 -7.259 828 123 25A 2.619 ♦.578 123 279 385 5 6 7 8 3.585 569 -677 526 13.476 597 -118 551 -4.323 130 32 104 -631 143 -364 173 1.143 149 86 85 7.396 147 -4 31 164 -937 147 -139 160 855 150 -545 -46 3.532 151 107 50 0 10.026 149 459 -63 -1.900 150 -158 -264 3.236 149 428 -22 CORPORATE BUSINESS STATE AND LOCAL GO VE RN ME NT S U.S. GO VE RN ME NT FOREIGN 5 6 9 10 11 12 13 4.301 5.630 -1.704 291 84 20.037 19.750 -819 289 817 1.203 1.717 -436 87 -165 606 1 . 48 1 -860 70 -85 2.926 3.124 -236 64 -26 -434 -692 -172 70 360 5.141 5.028 4 73 36 4.333 3.937 10 74 312 S . 998 5.914 -173 73 184 4.565 4 .871 -660 69 285 6.527 6.061 110 65 291 4.448 4.487 -419 62 318 N E T C H A N G E IN A S S E T S CORPORATE BUSINESS U.S. G O VE RN ME NT INSURANCE FOREIGN 9 10 11 12 14 252 -5.098 -3.543 1.018 1. 9 3 1 846 -4.555 -718 1.057 -882 -5.699 130 1.921 1.723 -44 -45 44 144 -3.905 -3.320 1.221 1.457 1.257 126 -1.615 -1.618 230 66 10 -14 -51 -27 29 14 4.111 3.344 93 275 61 162 76 52 28 3.730 3.431 299 N E T C H A N G E IN L I A B I L I T I E S HOUSEHOLDS R E S T OF W O R L D BROKERS ♦ DEALEHS FROM COMMERCIAL BANKS F R O M F O R E I G N B A N K I N G AG. CUSTOMER CREDIT BALANCES N E T C H A N G E IN A S S E T S HOUSEHOLDS COMMERCIAL BANKING B R OK ER S AND DE AL ER S FOREIGN 1 2 3 4 5 ft 7 8 9 10 11 12 TRADE CREDIT PROFIT 1 2 8 1.804 1.991 -33 -27 59 -70 -115 9 9 -10 10 11 12 694 611 2.432 1.993 -97 25 10 1.629 1.333 296 989 500 489 1.394 1.197 197 -2.992 -3.022 30 1.758 1.830 -72 1.469 1.326 141 1.525 1.227 298 -4.939 -5.017 76 1.704 1.714 -10 2.699 2.576 123 13 175 -295 1.038 1.422 -064 -1*401 396 1.034 -483 -1.242 361 1.228 1 2 -3.416 •2.806 -4.953 •4.043 -932 -739 -860 -616 -777 -675 -847 -776 -1.015 -972 -1.431 -1.095 -1.326 -924 -1.181 -1.052 -1.237 -1.002 -1.179 -951 3 -60S -910 -193 -244 -102 -69 -43 -336 -402 -129 -235 -226 6 7 -21 -200 123 15 120 21 228 28 183 44 43 874 594 44 10 0 10 112 21 80 -12 25 DISCREPANCY (1-9) 1 ? 3 4 7 a 13 14 TAXES PAYABLE -1.570 -747 3 -435 -9 -234 -49 -59 -40 3 4 5 NET CHANGE IN LIABILITIES HOUSEHOLDS Farm BUSINESS NONFARM NONCORP. BUSINESS (PAYABLES LESS RECEIVABLES) 68 151 17 68 19 -99 -98 23 951 -91 130 40 96 47 -12 -285 5 -201 20 28 0 34 -24 21 -21 TOTAL TAXES PAYABLE NONFINANCIAL CORPORATIONS FEDERAL RESERVE COMMERCIAL BANKS S. * L. ASSOCIATIONS LIFE INSURANCE COMPANIES OTHER INSURANCE COMPANIES FINANCE COMPANIES BROKERS ♦ DEALERS 1 2 3 4 5 6 7 8 9 -2.643 -2.900 57 TOTAL TAXES RECEIVABLE U. S. GOVERNMENT STATE ♦ LOCAL GOVERNMENTS 10 11 12 UNALLOCATED 13 0 21 -207 18 •36 PROPRIETORS* EQUITY IN NONCORPORATE BUSINESS 11/73 FIGURES ARE TENTATIVE ESTIMATES BASED ON INCOMPLETE INFORMATION. TOTAL HOUSEHOLD INVESTMENT FARM BUSINESS 1 2 N ONFARM NONCORPORATE BUSINESS 3 18 A U G U S T 1 9 7 3 MISCELLANEOUS I MI SC EL LA NE OU S I MISCELLANEOUS FINANCIAL CLAIMS (MILLIONS OF DOLLARS) UNADJUSTED QUARTERLY U N A D J U S T E D QU AR TE RL Y FLOWS FLOWS 1 1 1971 I IV III II I I 1 1 1072 I II IV III 19: i TOTAL LI AB IL IT IE S HOUSEHOLDS CORPORATE BUSINESS U.S. G O V E R N M E N T 1 2 3 4 7.379 318 -116 828 20,,927 54 0 160 30 4.492 88 12 4 31 7 -1.204 76 1 382 5.384 74 -425 -234 -1.293 80 184 36 3 6.074 119 -3 61 -109 2.121 142 183 106 6.598 146 178 -295 6.134 133 160 3?8 10.,973 122 247 23 3 4.138 115 221 54 7 8 1. 7 8 3 -981 -172 -3.746 16,,175 282 -1, ,024 9,,300 2.416 50 4 -182 61 -2.998 -1.355 -63 -3.660 4.906 -159 -263 3.032 -2.541 29 336 -3.179 4.181 38 6 106 1. 5 8 9 1.685 -181 -674 36 0 5.562 -3 1 456 2.614 4.747 108 -912 4.737 7,,246 261 761 3.,078 4.050 155 -766 2.222 TOTAL FINANCE SP ON SO RE D CREDIT AGENCIES MONETARY AUTHORITIES COMMERCIAL BANKING 9 10 11 12 13 14 79 4 120 2.130 3.570 68 4.566 711 215 2,,860 3,.680 151 4,.022 752 58 329 879 15 1.547 161 209 804 890 16 1.335 744 17 3 464 898 17 1.063 -863 -320 533 903 20 621 511 182 496 910 1 2.244 45 258 876 917 84 5 763 178 641 923 18 1.007 -608 -403 84 7 93 0 48 766 1..160 26 0 734 937 5*? 3 .125 -3 299 1.137 94 4 62 -302 S A V I N G S * L O A N ASSNS. MUTUAL SAVINGS BANKS LI FE I N SU RA NC E COS. N O N L I F E I N SU RA NC E COMPANI REITS REST OF THE WO RL D 6.580 2.304 568 79 4 6.239 70 17,.464 2,,6 77 493 722 4 ,. 3 39 103 3.448 594 135 192 1.802 -4 6 -1.086 562 14 5 206 2.323 -3 0 3.154 559 13 3 204 1.624 101 1.064 589 155 192 490 45 5.24 0 641 114 186 2,469 -71 4.066 667 126 182 60 6 57 4.269 681 101 176 2.182 33 3.889 688 15 2 178 -918 84 6,>810 706 132 188 3,.774 100 5.533 712 169 193 1.362 85 23 3.373 55 4 1.21 9 5 .9 84 64 5 3 . 0 78 4.461 318 2.224 -1.824 131 -1.362 1.383 392 1.02 0 -6 4 7 -287 -663 2.399 61 1. 09 1 698 31 0 -358 1.169 808 677 1.718 -534 1.668 1 1. 947 97 84 6 1.87 7 -55 373 24 25 26 27 28 29 30 237 328 918 68 0 49 -6.768 188 78 3 1 . 0 07 -223 0 506 3 .1 4 6 1.335 333 224 17 0 10 -3.690 -963 76 236 31 0 27 -2.468 -633 333 236 24 0 11 -850 498 -414 22 2 -4 0 1 240 714 224 246 -36 0 99 -498 197 249 255 -7 0 0 115 1. 7 3 0 -504 -128 25 6 -7 2 0 132 -73 -219 438 250 -45 0 160 1.987 702 -26 244 -16 0 100 -3 7 1.037 164 241 799 3 .463 1.044 -118 2.230 -2.357 83 4 -1.945 2.329 2.245 4 . 1 63 21 22 TOTAL ASSETS HOUSEHOLDS FARM BU SI NE SS NONFARM NONCORP. BUSINESS CORPORATE BUSINESS U.S. G O V E R N M E N T 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 TOTAL FI NA NC E 21 S P O N S O R E D C R E D I T A G E N C I E S 22 COMMERCIAL BANKING 23 SA V I N G S ♦ L O A N ASSNS. MUTUAL SA VINGS BANKS LIFE IN SURANCE COMPANIES PRIVATE PE NSION FUNDS S. ♦ L. G O V T . * R T R . F U N O S REITS REST OF THE WO RL D 114 1.13 5 UNALLOCATED. (A) NET 24 25 26 27 28 29 30 31 DEPOSITS BANK L I A B . T O F G N . A F F I L I A T E S 32 33 34 -5.319 -6.002 683 933 497 436 -3.824 -3.854 30 -1.411 -1.552 141 1.255 978 277 -1.339 -1.574 235 408 622 -214 341 -9 0 43 1 998 588 410 -814 -623 -191 -277 -279 2 35 36 37 38 39 1.352 1.387 -182 175 -2 8 3.578 1.784 -167 229 1.732 287 28 4 — 80 64 19 562 619 -79 -18 40 299 238 -6 61 6 204 246 -17 68 -9 3 1.399 78 7 -108 122 59 8 723 681 -14 -3 0 86 1.727 1.198 -14 -14 557 -271 -882 -31 151 491 1.476 1. 1 7 8 23 -103 37 8 40 0 0 0 0 0 0 0 0 0 0 3 39 4 -391 FOREIGN -946 -628 4 91 -413 POSTAL 0 ASSE T- RE ST OF THE WORLD LIAB- CO MM ER CI AL BANKS F O R E I G N B A N K I N G AG. 32 33 34 CURRENCY EXCEPT OFFICIAL— LI AB I L I T Y - R E S T OF THE WORLD ASSETCO RP OR AT E BUSINESS U.S. GO VE RN ME NT CO MM ER CI AL BANKS F G N . B A N K I N G AG. 35 36 37 38 39 SAVINGS DEPOSITS(U.S.GOVT. ASSET - HO US E H O L D S 0 (B) 41 3.782 1. 3 8 1 1.268 1.440 1.110 -36 1.396 -368 686 -333 2.311 42 -116 160 124 1 -425 184 -3 61 18 3 178 160 247 77 DIRECT 1.700 22 1 252 27 0 34 49 10 7 62 37 71 47 115 44 -541 -241 1 . 0 95 -1.313 -662 33 9 21 9 -262 -302 104 45 46 117 0 258 0 42 0 -1 0 13 0 63 0 107 0 52 0 19 0 80 0 218 0 135 0 47 48 49 50 70 13 23 11 90 12 18 138 14 4 2 22 15 6 5 -2 7 4 2 9 -2 37 1 7 18 7 3 6 91 29 7 4 12 5 2 4 8 49 0 4 ?7 24 5 3 186 57 8 5 65 40 EQUITIES FGN. I N VE ST ME NT BY U.S.CORP. LI AB .- RE ST OF THE WORLD D I R E C T I N V E S T M E N T IN U . S. A S S E T - R E S T O F THE W O R L D 41 42 U. ;. G O V T . E Q U I T Y IN I B R O . ET C. L I A B I L I T Y - R E S T OF THE WO RL O 43 81 43 11/73 FIGURES ARE TFNTATIVE ESTIMATES BASED ON INCOMPLETE INFORMATION. L I AB .) D E P O S I T S A r F H L B (S. ♦ L. A S S N S . A S SE T) L I A B I L I T Y - S P O N S O R E D CR.AGS. -257 16 2 E Q U I T I E S IN U . S . G . C R . A G E N C I E S U.S. G O V E R N M E N T PRIVATE F A R M B U S . ( F I C B ♦ FLB) N O N F A R M N O N C O R P . (BC) C O R P O R A T E B U S I N E S S (FNMA) S. ♦ L. A S S N S . (FHLB) 44 45 46 47 48 49 50 18 A U G U S T 1 9 7 3 M I S C E L L A N E O U S II MISCELLANEOUS 22 II M I S C E L L A N E O U S FI NA NC IA L CL AI MS (CONTINUED) ( M I L L I O N S OF D O L L A R S ) UNADJUSTED 19 71 QUARTERLY 1972 FLOWS I I UNADJUSTED 1971 I II III IV | | 1 q 7? I II III IV 22 QUARTERLY | I FLOWS 1973 I II (C) 1 318 540 88 76 74 80 119 146 142 DEFERRED AND U N PA ID 115 133 12? life LIFE INSURANCE CLAIMS P R E M I U M S (L I F E INS. AS S E T ) LIABILITY - HOUSEHOLDS COMPANY 350 1 16 234 R E S E R V E S ( H O U S E H O L D S A S SE T) LIABILITYLIFE INSURANCE A C C I D E N T AND H E A L T H P O L I C Y D I V I D E N D ACCUM. 1 2 3 4 1.060 418 642 1.266 455 811 272 118 154 261 102 159 259 96 16 3 268 102 166 301 114 187 311 112 199 3?2 113 209 332 116 216 34? 1 16 22 6 5 6 7 8 9 3.570 1.244 498 781 1.047 3.680 1.411 403 710 1.156 879 322 121 18 8 248 89 0 301 130 20 0 259 898 300 12 9 202 267 903 321 118 191 273 910 340 107 183 280 91 7 356 97 175 289 923 359 96 174 29 4 930 35 6 103 178 ?93 937 364 - 108 1 83 28? 10 799 3.463 1.044 -118 2.230 -2.357 834 -1.945 2.329 2.245 4.163 -1.395 11 12 13 14 15 2.904 7 821 -820 -557 9.102 1 29 -1.207 265 4.227 10 307 -42 -633 -1.758 -3 385 -716 -41 2.456 0 -234 -453 490 -2.021 0 363 391 -373 1.539 1 -110 -588 60 11 0 106 -421 29 1.854 0 -295 -1.453 252 5.698 0 328 1.255 -76 5.777 0 233 -739 300 1.373 0 54 -1.137 -142 16 17 18 19 20 79 4 120 1.070 68 -172 711 215 1.594 151 -1.024 752 58 57 15 -182 161 209 543 16 -63 744 173 205 17 -263 -863 -320 265 20 336 511 182 195 1 106 45 258 565 84 -674 763 178 319 18 456 -608 -403 515 48 -912 1.160 260 392 55 761 -3 299 787 62 -766 S. ♦ L. A S S O C I A T I O N S MUTUAL SAVINGS BANKS LIFE INSURANCE REITS MONETARY AUTHORITIES 16 17 18 19 20 21 22 23 24 25 3.152 2.929 571 -857 509 6.827 6.412 -1.298 1.247 466 3.655 3.194 1.011 -507 -43 -1.935 -1.629 1 16 -386 -36 2.263 1.854 -269 309 369 -8 31 -490 -287 -273 219 1.333 2.037 -273 - 3 21 -110 -1.270 -476 -410 -277 -107 2.065 2.159 -569 353 1 22 4.699 2.692 -46 1.492 561 5.821 4.509 275 950 87 31 456 -807 -179 5 61 COMMERCIAL BANKING COMMERCIAL BANKS BANK AF FILIATES FGN. B A N K I N G A G E N C I E S B A N K S IN U . S . P O S S . 21 2? 23 24 25 26 27 28 29 -1.579 -1.063 5 5 21 1.540 2.316 -43 733 230 1.461 -642 589 -314 -878 322 -242 -486 -1.755 1.469 200 -1.009 109 -1.144 -26 -152 -475 662 339 1.289 161 736 -392 -449 -413 245 281 852 3.043 -1.686 505 -2.466 •3.159 307 -386 2.188 63 2.053 -72 F L O A T S IN C O M L . B A N K S T M N ON IN TERBANK DE PO SI TS ON INTERBANK LOANS LE SS -O N M.B. RESERVES 26 27 28 29 30 31 32 33 34 35 36 37 2.105 -1.333 554 767 3?8 600 68 49 5.639 2.053 645 291 783 467 -223 506 3.183 10 318 218 333 136 17 10 -1.640 -1.058 131 377 76 160 31 27 226 -1.680 392 31 333 162 24 11 336 1.395 -287 141 -414 142 -4 1 705 -545 61 404 224 127 -36 99 1.956 1.206 310 447 249 1 13 -7 0 115 -475 • 1 .2 49 808 -210 -1?8 110 -72 132 3.453 2.641 -534 -350 438 117 -45 160 1.614 -7 97 773 -26 1 2? -16 100 2.768 91 1 -55 810 164 126 3 1 14 38 39 40 1.331 -330 71 2.010 -903 10 1.427 890 -176 -564 -657 -163 1.173 -453 233 -705 -110 1 77 816 -270 -175 -338 67 -143 1.475 •1.196 -145 57 496 473 363 269 -61 -282 510 467 (D) (E> 11/73 FIGURES ARE TENTATIVE ESTIMATES BASED ON INCOMPLETE INFORMATION. 944 362 112 185 285 NONLIFE INSURANCE CLAIMS LIABILITY - OTHER INSURANCE ASSET-HOUSEHOLDS FARM BUSINESS N O N F A R M N O N C O R P . P U S. CORPORATE BUSINESS UNALLOCATED NET ASSETS TOTAL ? 3 A 5 ft 7 ft 9 AND L I AB IL IT IE S (L IA B. - ASSETS) TOTAL LI AB IL IT IE S U.S. GOVT. U.S. G O V T . - W I T H O U T L E V E L S R E S T OF T H E W O R L D S P O N S O R E D CR . A G E N C I E S TOTAL ASSETS R E S T O F TH E W O R L D S P O N S O R E D CR. A G E N C I E S S. ♦ L. A S S O C I A T I O N S MUTUAL SAVINGS BANKS LIFE INSURANCE PRIVATE PENSION FUNDS REITS COMMERCIAL BANKS FGN. B A N K I N G A G E N C I E S B A N K S IN T E R R . A N D P O S S . 10 11 12 13 14 15 30 31 3£ 34 35 36 37 38 39 40 16 AUGUST 1973 TOTAL CLAIMS TOTAL CLAIMS 23 TOTAL FINANCIAL ASSETS AND LIABILITIES (MILLIONS OF DOLLAPS) UNADJUSTED QUARTERLY FLOWS UNAOJUSTED QUARTERLY FLOWS II 19 7 3 1072 1971 IV III TOTAL FUNDS RAISEO I I II AND AD VA NC ED I III IN C R E D I T M A R K E T S II (1) 146.696 25.500 5.725 115.473 16.991 38.320 4.098 7 8.694 8 47.370 9 166.115 17.317 3.432 145.366 12.275 63.216 4.857 10.379 54.639 20.238 1.574 905 17.759 5.159 682 1.376 1.466 9.076 38.377 1.820 1.669 34.888 4.379 11.524 1.746 2.853 14.386 41.434 9.603 1.878 29.953 4.158 10.130 733 1.976 12.956 46.649 12.503 1.273 32.873 3.295 15.984 243 2.399 10.952 25.794 4.293 942 20.559 3.882 6.077 1.252 951 8.397 38.039 -5.651 36 2 43.328 2.672 18 .6 69 2.119 3.257 16.611 37.757 5.738 357 31.662 3.17 9 14.144 58 7 2.332 11.420 64.525 12.937 1 . 77 1 49.817 2.542 24.326 89 9 3.839 18 . 2 1 1 10 11 12 13 14 15 16 17 18 19 17.477 4.296 2.992 -376 3 599 2.929 1.641 4.212 1. 1 8 1 28.378 6.182 3.308 664 1.972 60 0 6.324 844 9.117 -633 2.037 11 1.945 -657 -683 134 648 -18 17 6 48 1 1.389 313 -276 41 -795 15 3 70 2 46 1.55 3 -348 5.277 2.017 1. 3 4 1 167 777 15 9 70 9 388 -497 216 8.774 1.955 -18 73 704 153 870 1*225 2.980 832 6.255 1.392 2.563 1 99 -2.267 150 1.589 1.392 964 27 3 6.168 2.115 842 - 2 01 1.319 150 1. 5 7 1 -801 1.852 -679 6.252 1.083 -480 397 1. 0 3 4 150 1.168 1. 7 1 0 1.419 -229 9.703 1.592 38 3 269 1.886 150 1.996 -1.457 4.882 2 20 164.175 194.493 22.275 39.766 46.711 55.423 32.049 44.207 44.009 74.228 21 -8.877 22 -13.981 23 687 24 6.855 25 -2.438 9.878 3.351 1.074 3.492 1.961 -9.974 -10.279 100 352 -147 -5.773 -4.192 45 -888 -738 7.800 6.926 -46 1.793 -873 -930 -6.436 588 5.598 -680 2.045 1. 4 0 2 -3 0 -6 8 741 -632 -1.087 12 6 232 97 1.455 2.824 -77 -1.288 -4 7.01 0 212 1.055 4.616 1.127 43.547 8.839 3.372 31.336 83 « 10.363 1.670 2.667 15.798 F U N O S R A I S E D IN C R E D I T M A R K E T S B Y — NO NFINANCIAL SECTORS 45.841 FEDERAL GOVERNMENT -5.935 FOREIGN 1.211 PRIVATE DOMESTIC 50.565 STATE ♦ LOCAL GOVTS. 3.471 HOUSEHOLDS 21.794 FARM BUSINESS 2.443 N O N F A R M N O N C O R P . B U S. 3.407 C O R P O R A T E N O N F I N . BU S . 19.450 FINANCIAL SECTORS 14.187 12 . 6 2 1 S P O N S O R E D CR . A G E N C I E S 5.875 2.684 COMMERCIAL BANKS 2.614 -192 BANK AFFILIATES 819 827 S A V I N G S AND L O A N ASSNS. 3.333 201 O T H E R I N S U R A N C E C O S. 150 150 REITS 2.080 2.152 FG N . B A N K I N G A G E N C I E S -1.099 1.985 FINANCE COMPANIES 3.892 2.426 -338 -751 INVESTMENT COMPANIES F Q U A L S — TOTAL FUNDS RAISED AND ADVANCED 60.028 IN C R E D I T M A R K E T S 56.168 2.319 2.63ft 77 1. 1 4 0 -1.536 N E T 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 NO NFINANCIAL SECTORS 6.260 HOUSEHOLDS -1.376 NONFARM NONCORP. BUSINESS 181 N O N F I N A N C I A L C O R P O R A T E BU S . 6.165 STATE ♦ LOCAL GOVERNMENTS 1.29 0 U.S. GOVERNMENT 26 3.222 2.313 1.196 95 6 626 444 820 -5 3 1.056 490 415 -123 27 28 29 142.579 2.802 8.848 171.650 6.013 18 4 24.665 225 2.280 37.221 -1.136 1 . 10 1 28.695 1.316 2.108 51.998 2.397 3.359 25.496 1.853 -184 44.478 1. 6 2 4 1.629 36.030 300 -1.718 65.646 2.236 45 7 43.779 2.910 4.479 55.615 6.165 72 2 30 31 32 33 34 50.575 50.279 -114 99 311 69.840 68.824 -242 9 71 287 2.619 3.032 -96 -429 112 17.294 17.312 20 0 -310 92 7.336 6.975 -98 387 72 23.326 22.960 -120 451 35 3.903 4.502 -6 8 -549 18 17.973 18.546 -476 -71 -26 13 . 7 2 1 13.073 -3 2 46 6 214 34.243 32.703 33 4 1.125 81 13.894 11.917 563 1.286 128 24.011 23.629 35 9 -9 0 11 3 CO MMERCIAL BANKING COMMERCIAL BANKS BANK AFFILIATES FOREIGN BANKING AGENCIES B A N K S IN U . S . P O S S E S I O N S 35 36 37 38 80.354 29.367 9.927 2.932 95.613 36.479 9.974 2.524 19 .5 41 8.003 3.236 263 19.962 7.838 2.914 1.022 17.935 7. 5 6 1 1.616 951 22.916 5.965 2.161 696 19.924 8.456 3.580 228 23.252 8.998 2.486 969 23.727 9.995 2.535 75 2 28.710 9.030 1.373 57 5 22.496 10.198 3.019 57 4 24.717 8.588 2.016 1.001 PRIVATE NONBANK FINANCE SVGS . ♦ L O A N A S S O C I A T I O N S MUTUAL SAVINGS BANKS CREDIT UNIONS 11.758 6.248 7.351 6.915 13.629 5.832 5.752 7.279 3.419 1 .163 1.623 1.809 2.586 1. 6 7 3 2.011 1.712 3.013 1.732 1.21 3 1.997 2.740 1.680 2.504 1.397 4.127 1. 3 3 7 1. 1 6 4 1.193 2.764 1.21 5 1.560 2.658 3.627 1.526 1.386 1.817 3.111 1.754 1.642 1. 6 1 1 4.758 1.50? 1.924 1.995 3.193 1.469 1. 7 9 1 1.749 LIFE INSURANCE COMPANIES OTHER INSURANCE COMPANIES PVT. PENSION FUNDS S. ♦ L. G O V T . , R T R . F U N D S 4.112 2.544 444 -1.244 10.758 4.844 -1.838 380 717 596 183 -1.471 1.386 582 -340 -1.422 -423 616 171 -512 2.432 75 0 43 0 2.161 1.303 1.290 -122 -2.632 2.507 1.196 -763 -338 2.006 802 -264 -455 4.942 1.556 -689 3.805 1. 5 6 0 1.613 -1.155 -3.492 3.598 1.650 -987 649 FINANCE COMPANIES REITS O P E N - E N D I N V E S T M E N T C O S. SECURITY BR OK ER S ♦ DEALERS 27.251 10.652 6.388 7.362 9.590 3.911 3.688 41 4 5.468 1 . 0 82 9.655 -1.724 60.028 47 total claims and their relation to total financial FINANCIAL INSTITUTIONS SPONSORED CREDIT AGENCIES FEDERAL RESERVE SYSTEM REST OF THE WORLD ASSETS 44.207 44.009 74.2P8 56.168 194.493 22.275 39.766 46.711 55.423 2 3 -1.731 490 -155 533 -628 98 -186 143 -923 114 6 135 -6 3 173 93 153 -119 111 -66 96 -220 8A 4 5 6 7 8 99.592 58.766 17.403 41.363 40.826 109.122 62.727 20.384 42.343 46.395 17.159 3.913 -12.533 16.446 13.246 30.527 19.525 12,797 6.728 11.002 13 .1 26 5.655 -2.065 7.720 7.471 12.574 38.780 -2.137 29.673 19.204 -12.570 10.469 10.433 14 . 7 1 1 9,107 31.332 20.370 10.256 10.114 10.962 18.628 8.524 -2.132 10.656 10.104 46.588 35.970 24.830 11.140 10.M8 17.407 5.005 -13.493 18.498 12.402 9 28.270 28.023 6.425 8.168 6.553 4.655 9.183 6.763 7.422 7.078 9.069 46 2 7.055 1.22 1 -1.326 6.5** 4.225 3.683 1.457 "1.181 6.134 -5.7JT 82 8 4. 1 1 1 -1.237 10.973 -2.586 4.578 -1.615 -1.179 4.138 SE CURITY CREDIT TRADE DEBT PROFIT TAXES PAYABLE NONCORP. PROPRIETORS* MISCELLANEOUS 3.765 -1.255 INTERBANK 744 4.857 67 4 -777 5.384 7.124 4.083 412 68 -847 -1.293 1.504 586 1. 92 1 -1.015 6.074 2.663 3.615 -3.905 -1.431 2.121 8.854 14.939 694 -4,953 20.927 -1.388 -2.340 2.432 -932 4.492 5.582 1.985 1.342 1 . 16 1 1.266 1.813 63 8 1 .5 5 3 3.177 -3.383 16 3 1 0 . 4 7 4 374.462 77.929 105.704 59.096 89.584 86.579 139.203 10 11 12 13 14 3.776 4.553 1.804 -3.416 7.379 15 33 7 1. 6 2 4 -1.570 -860 -1.204 48.935 77.906 17 18 19 -173 2.281 252 1.390 1.745 -5.098 -347 -6 -3.543 107 1.898 1.018 148 -1.368 1.931 -81 1.757 846 83 0 -1.342 -4.555 57 1.823 -718 538 -2.165 1.057 -3 5 3.429 -882 20 21 22 12 17 5 79 9 -153 -295 3,463 -23 1.038 1.044 -7 1,422 -118 30 -884 2.230 12 -1.401 -2.357 -95 396 834 -18 1.034 -1.945 -2 3 -4 8 3 2.329 -1 7 -1.242 2.245 23 3 0 7 . 1 2 8 373.410 50.772 73,566 75.642 106.928 63.028 89.351 85.326 135.705 29.969 21.454 11.424 10.030 8.515 2 3 D E P O S I T S AT F I N A N . I N S T S . BANKING SYSTEM D E M A N D DEP. ♦ C U R R E N C Y TIME ANO SVGS. D E P O S I T S SAVINGS INSTITUTIONS INSURANCE ♦ PENSION RESERVE EG. CLAIMS 93.244 101.332 TO TA L DEBT ABOVE D E D U C T — F L O A T S N O T I N C L U D E D IN A S S E T S d e m a n d DEPOSITS-U.S.GOVT. -459 531 OTHER 2.539 -1.460 130 TRADE CREDIT -5.694 D E D U C T — L I A B I L I T I E S N O T A L L O C A T E O AS A S S E T S TREASURY CURRENCY 76 -1 9 TAXES PAYABLE 1.228 381 MISCELLANEOUS -1.395 4.163 95.347 99.213 (1) 11/73 FIGURES ARE TENTATIVE ESTIMATES BASED ON INCOMPLETE INFORMATION. 1 TO TA L CREDIT MARKET DEBT (F R O M P R E C E D I N G TA B L E ) OT HE R DEPT F O R M S — FOREIGN EXCHANGE -6 TREASURY CURRENCY 19 3 1 164.175 32.049 TOTALS ALLOCATED AS A S S E T S INCLUDES CORPORATE TO S E C T O R S EQUITIES. 4 5 6 7 8 9 10 11 12 13 14 15 16 17 1ft 19 20 21 22 23 18 A U G U S T SA VI NG BY 24A M O U N T 1973 INDIVIDUALS SAVING A N D C O M P O S I T I O N OF INDIVIDUALS' SAVING BY INDIVIDUALS (1) ^ (MIL LI ON S OF D O LL AR S) UNADJUSTED QUARTERLY FLOWS I 19 71 1 100.928 2 11.010 3 70.756 I III IV 18.482 -5.029 25.870 26.161 5.359 15.992 26.968 -589 13.328 29.317 11.269 15.566 22.719 -6*205 21.608 32.976 5.223 18.856 30.067 288 19.497 5.380 -10.290 3.295 480 1.738 -5.341 -375 -3,826 1.296 -227 -3.627 676 -3.285 -184 -847 6.746 612 1.727 160 1.272 -6.868 657 -4.010 288 -1.072 2.246 797 1.629 -1,385 578 -839 847 -2.590 660 13 3 2.895 772 1,069 429 23 1.078 879 1.630 -79 562 1972 124.909 12.926 75.525 4 -14.039 5 2.425 6 -10.909 7 -3,562 8 -874 U N A D J U S T E D QU AR TE RL Y FLOWS 19 71 II I I I 1072 II I III IV I1 9 7 3 I II I 39.147 24.998 13.620 -1 0. 28 8 15.564 24.692 33.142 6.258 18.174 I N C R E A S E IN F I N A N C I A L A S S E T S DEMAND DEPOSITS ♦ CURRENCY SAVINGS ACCOUNTS I 2 3 3.414 89 1 35 1,643 789 -989 911 -5.149 2.103 2.285 SECURITIES U.S. SA V I N G S BO ND S O T H E R U . S . T R E A S U R Y SEC. U. S. 6. A G E N C Y S E C U R I T I E S STATE ♦ LOCAL OBLIGATIONS 4 5 6 7 8 885 129 -751 -1.402 CO RP OR AT E ♦ FO RE IG N BONDS COMMERCIAL PAPER I N V E S T M E N T CO. S H A R E S OT HE R CO R P O R A T E STOCK 9 10 11 12 1.926 1.251 1.772 4,120 630 PVT. L I F E INS. R E S E R V E S PVT. IN SURED PEN. RESERVES P V T . N O N I N S U R E D P E N . R E S. GO VT , INS. ♦ PE N . R E S E R V E S MISC. F I N A N C I A L AS SE TS 13 14 15 16 17 9 10 11 12 8.172 -3,880 1.181 -6.592 4.851 432 -633 -5.224 2,390 -1.285 481 -2.962 2,913 -1.229 -348 -1.323 2,889 -382 216 252 -2 0 -984 832 -2,559 2,280 -947 273 -979 1,037 596 -679 -843 1,198 -893 -229 526 336 1.676 2 -3,928 37? -20 -338 4? 13 14 15 16 17 6.101 5.175 7.256 9.738 4.931 7.241 4.600 5.698 10.484 3.055 1,446 1.145 1.826 2.008 1.506 1.527 1.322 1.717 3.602 269 1.567 1.382 1.347 2.257 930 1. 56 1 1.326 2.366 1. 87 1 2.226 1.498 1.197 878 1.082 415 1.842 1,178 1.456 4.707 553 1.982 1,120 1.489 2,172 624 1.919 1,105 1.875 2,523 1,463 1.918 1.309 2.095 1,756 10 2 18 19 20 21 22 165.756 26.849 34.325 10 3 . 4 9 1 1 . 09 1 190.450 34,305 39.508 117.409 -772 36.075 5.476 7.377 22.226 996 41.007 5.525 9.239 26.030 213 41.773 7.009 9.306 25.234 224 46.901 8.839 8.403 30.001 -34? 41.465 7.979 0.37 0 24.772 344 47,079 7,370 10,303 29,430 -24 47.844 8.687 10.687 28.969 -499 54.062 10.269 10,148 34,238 -593 49.340 9.269 9.519 29.606 955 5 4 . 3 9 4 G R O S S I N V. IN T A N G I B L E nonfarm homes 8.766 NO NC OR P BUS. CONSTR. 11.291 CONSUMER DURABLES 34.078 259 INVENTORIES 23 24 25 26 121.286 9.412 24.398 87.476 130.626 10.176 26.675 93.775 29.536 2.339 5.952 21.245 30.012 2.324 6.009 21.679 30.583 2.355 6. 142 22.086 31.155 2.394 6.295 22.466 31.641 2.422 6,407 22.812 32,594 2,727 6,742 23,125 32.777 2.403 6.6R4 23.600 33.614 2,534 6,842 24.238 34.366 2.566 6.953 24.847 35.169 CAPITAL CONSUMP. ALLOWANCES NONFARM HOMES 2.609 N O N C O R P BUS. P L A N T ♦ EQUIP. 7,135 CONSUMER DURABLES 25,425 27 28 29 30 31 44.470 17.437 9.927 16.015 1. 0 9 1 59.824 24.129 12.833 23.634 -772 6.539 3.137 1.425 981 996 10.995 3.201 3.230 4.351 213 11.190 4.654 3.164 3.148 224 15.746 6.445 2.108 7.535 -342 9,824 5,557 1,963 1,960 344 14,485 4,643 3.561 6.305 -24 15.067 6.194 4.003 5.369 -409 20.448 7.735 3.306 10.000 -593 14.983 6.703 2.566 4.759 955 27 1 9 , 2 2 5 N E T IN V. IN T A N G I B L E A S S E T S NONFARM HOMES 28 6.157 N O N C O R P B U S . C O N S T R . ♦ E Q U I P 29 4.156 30 CONSUMER DURABLES 8.653 INVENTORIES 31 259 32 33 34 35 36 37 38 54.589 24.138 11.230 11 . 2 3 1 2.609 1.013 4.368 84.097 38.423 13.237 19.170 4.672 945 7.650 5.331 3.435 1.855 -1.520 2 236 1.323 19.405 5.339 3.255 3.693 903 237 5.978 16.950 6.924 3.463 3.632 643 285 2.003 12.903 8.44 0 2.657 5.426 1 .061 255 -4.936 11,829 7.914 2.103 -515 2.075 147 105 29.070 9.037 3.756 5.933 1.682 313 8.349 20.594 10.182 3.950 5.164 620 259 419 22.604 11.290 3.428 8.588 295 226 -1.223 16.829 9.472 2.852 1.756 -993 292 3.450 26.932 10.529 4.200 7.763 -1.614 447 5.607 increase 39 40 41 90.809 9.738 16.015 100.636 10.484 23.634 19.690 2.006 981 17.751 3.602 4.351 21.208 2.257 3.148 32.160 1.871 7.535 20.714 1.082 1.960 18.391 4.707 6.305 24.540 2.172 5.369 36.991 2.523 10.000 23.152 1.756 4.759 25.435 4.120 8.653 42 43 44 45 46 77 6 -48 64.328 60.159 4.169 1.420 -42 65.140 49.744 15.396 265 - 21 16.457 15.194 1.263 33 -17 9.782 12.150 -2.368 89 -5 15.719 16.984 -1.265 389 -5 22.370 15.831 6.539 505 -7 17.174 16.617 557 84 -9 7.304 5.015 2.289 111 -12 16.900 13.368 3.512 72 0 -14 23.762 14.724 9.038 485 -14 16.166 13.369 2.797 300 -16 12.378 11.351 1.027 I N D I V I D U A L S A V I N G (1♦27-32) - G O V T . I N S . ♦ P E N . RE S . N E T I N V . IN C O N S . D U R CAPITAL GA IN S DIVIDENDS F R O M I N V E S T M E N T COS. NET SVG. BY F A R M CORPS. LS P E R S S A V I N G . F / F B A S I S DNAL S A V I N G * N I A B A SI S E R E N C E (44-45) (1) COMBINFD 11/73 FIGURES ARE TENTATIVE ESTIMATES BASED ON INCOMPLETE INFORMATION. STATEMENT FOR HOUSEHOLDS. in ASSETS 18 19 ♦ E Q U I P 20 21 22 debt MTG. D E BT ON N O N F A R M HOMES N O N C O R P B U S. M O R T G A G E DEBT CONSUMER CREDIT SECURITY CREDIT POLICY LOANS OTHER DEBT FARM* AND N O N F A R M NO NC OR PO RA TE BUSINESS. 23 24 25 26 3? 33 34 35 36 37 38 39 40 41 42 43 44 45 46
