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F/F Annual Flows 1971 August 1972 Flow of Funds Accounts: Annual Flows 1946-1971 Division of Research and Statistics Board of Governors of the Federal Reserve System Washington, D. C., 20551 TABLE LIST SUMMARY TABLES 1. Income and Product Distribution 4. Funds Raised in Credit Markets Private Domestic Net Investment and Borrowing in Credit Markets 7. Credit Market Supply of Funds SECTOR TABLES 10. Households 13. Total Nonfinancial Business and Noncorporate Business 16. Nonfinancial Corporate Business 19. 22. Governments 25. Commercial Banking Subsectors 28. Nonbank Finance Summary Savings Institutions 31. Insurance and Pension Funds 34. 36. Finance N.E.C. Rest of the World Banking System TRANSACTION TABLES 38. 41. 43. 46. 49. 52. Monetary and InsuranceReserves Interbank Claims Money and Deposits U.S. Government Securities Private Securities and Mortgages Mortgages by Type Consumer Credit and Bank Loans N.E.C. 54. Other Loans, Including 57. 60. Security Credit, Trade Miscellaneous Credit, and Taxes Financial Claims—Part I. 63. Miscellaneous Financial Claims--Part II. 66. Total Claims—Recapitulation by Type 69. Saving by Individuals 72. Discrepancies Open-Market Paper Flow of Funds Accounts Annual Flows, 1946-71 These tables give year-total flows for the entire period from 1946 for which flow-of-funds accounts have been calculated. The tables are statistically consistent with the II/72 tables dated August 8, 1972 and include the 1969-1971 revisions in national income accounts published in the July 1972 Survey of Current Business. The tables are also consis tent with ’’Financial Assets and Liabilities, 1945-71,” a separate set of tables that was distributed in June. This set differs from those in the June Federal Reserve Bulletin by the amounts of income and product revisions for 1969-1971. With the redefinition of the commercial banking sector this year and revisions in business liquid assets, these tables supersede the March 1970 publication, ’’Flow of Funds Accounts, 1945-68," for all years covered. The tables give flows in millions of dollars, the unit in which the accounts are calculated, rather than in the rounded form that appears in quarterly publications. While an unrounded presentation goes well beyond the accuracy of the data included in the accounts, it is a help in manipulating and regrouping, particularly when small amounts are involved. The March 1970 publication is now out of print, but the description and discussion of flow of funds accounts included there is still available in reprint form. A more up-to-date version of the text will be printed within the next yearo Also available is a description of the methods for cal culating the accounts as of October 1971« That, too, will be modified to reflect current procedures in coming months, but in most respects it is still accurate and useful. Data on flows exist on a quarterly basis, both seasonally adjusted and unadjusted, for 1952-1971 and can be made available in several different forms. Please address requests for quarterly data 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. AUGUST, 1972 INCOME AND PRODUCT DISTRIBUTION INCOME AND PRODUCT DISTRIBUTION INCOME AND PRODUCT ACCOUNTS: GNP EXPENDITURES ANO GROSS SAVING ANNUAL FLOWS, ANNUAL FLOWS, 1946-54 1945 1946 1947 1948 1949 1950 1951 1952 1953 1946-54 1954 1 TOTAL GNP 208.509 231.323 257.562 256.484 284.769 328.404 345.497 364.591 364.841 1 2 CURRENT OUTLAYS 3 STATE ANO LOCAL GOVT. 4 U. S. GOVERNMENT 5 HOUSEHOLDS OF WHICH CONSUMER DURABLES 6 170.406 9.772 17.234 143.400 15.757 185.810 12.562 12.544 160.704 20.394 205.108 15.03 8 16.515 173.555 22.677 214.648 17.733 20.112 176.803 24.628 228.9C9 19.497 13.403 191.009 30.477 265.393 2L.475 37.652 206.266 29.648 291.339 22.881 51.779 216.679 29.334 311.612 24.611 57.034 229.967 33.248 311.2S9 27.4 LB 47.377 2 36. t94 32.836 2 3 4 5 6 30.609 33.984 46.014 35.687 54.081 59.340 51.932 52.593 51.724 7 24.230 7.244 6.766 5.541 516 34.446 11.059 9.998 8.326 692 41.306 14.440 12.981 12.105 866 38.762 13.670 11.828 10.703 834 47.292 19.389 16.557 15.632 781 49.044 17.234 15.809 15.782 811 48.799 17.184 16.281 15.252 760 52.140 17.991 16.827 16.204 758 53.267 19.65*+ 18.344 16.757 703 8 9 10 11 12 709 354 355 980 490 490 10 5 5 291 145 146 144 72 72 -784 -392 -392 269 134 135 -135 -67 -68 384 442 442 13 14 15 478 239 239 1.061 531 530 1.459 730 729 1.842 921 921 2. 832 1.416 1.416 1.425 713 712 90 3 452 451 1.164 583 581 1.310 656 654 16 17 18 16.986 457 1.638 3.634 -103 11.360 23.387 656 2.629 4.954 187 14.961 26.866 1.G40 3.385 4.672 280 17.489 25.092 1.275 3.650 3.930 274 15.963 27.903 1.433 3. 693 4.679 303 17.795 31.810 1.517 3. 768 5. 151 330 21.044 31.615 1.39 7 3.479 4.682 444 21.613 34.155 1.477 3.722 5.336 307 23.313 33.613 1.875 3.273 5.433 509 22.473 19 20 21 22 23 24 6. 379 29 6.350 383 5.967 -462 -1.760 1.298 58 1.240 4.708 1.732 2.976 923 2.053 -3.075 -866 -2.209 -488 -1.721 6.789 789 6.000 1.177 4.823 10.296 1.239 9.057 505 8.552 3.133 987 2.146 -85 2.231 447 -6 21 1 .068 256 812 -1.543 586 -2.129 -202 -1.927 25 26 27 28 29 7.494 14.735 7.241 11.529 19.737 8.208 6.440 16.789 10.349 6. 149 15.770 9.621 1.779 13.807 12.028 3.671 18.744 15.073 2.226 17.992 15.766 386 16.947 16.561 1.828 17.759 15.931 30 31 32 160.019 15.184 9.488 169.831 7.331 4.316 189.138 13.361 7.064 188.582 9. 387 4.977 206.938 13.076 6. 318 226.583 17.252 7.613 238.312 18.152 7.616 252.564 18.305 7.247 257.445 16.400 6.370 33 34 35 3.523 1.893 13.384 1.017 8.413 134 -2.433 -723 9.053 -1.204 6.240 -439 -3.800 -4 3 -7.021 146 -5.930 -1.113 36 37 24.589 140 42 5 2.126 21.898 31.470 152 689 1.700 28.929 35.188 159 836 2.594 31.599 28.941 122 832 3. 163 24.824 42.634 175 984 3.184 38.291 43.930 149 1.162 3.631 38.988 38.922 65 1.099 4.069 33.689 40.627 40 1.135 4.605 34.847 38.281 73 1.422 4.767 32.019 38 39 40 41 42 7 GROSS DOMESTIC INVESTMENT 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 23 29 PVT. FIXED INVESTMENT RESIDENTIAL CONSTRUCTION 1-4 FAMILY STRUCTURES HOUSEHOLD PURCHASES FARM CHANGE IN WORK IN PROCESS ON NONFARM CORPORATE NONCORPORATE MULTI-FAMILY UNITS CORPORATE BUSINESS NONCORPORATE BUSINESS NONRES. PLANT + EQUIP. NONPROFIT INST.IHHl FARM NONFARM NONCORP. 8USINES FINANCIAL CORPORATIONS NONFINANCIAL CORPORATION INVENTORIES FARM NONFARM NONCORPORATE CORPORATE 30 NET EXPORTS 31 EXPORTS IMPORTS 32 3 3 DISPOSABLE PERSONAL INCOME 34 PERSONAL SAVING SAVING RATE (PERCENT) 35 36 FEDERAL GOVT. SURPLUS 37 STATE £ LOCAL GOVT. SURPLUS 38 39 40 41 42 CORPORATE PROFITS, TAXES, ANO DIVIDENDS: PROFITS - TOTAL FARMS FOREIGN FINANCIAL CORPS. NONFINAN. CORPS. 43 44 45 46 TAX ACCRUALS - TOTAL FARMS FINANCIAL CORPS. NONF INANCIAL 9.104 55 472 8.577 11.268 58 434 10.776 12.518 70 656 1 1.792 10.408 53 890 9.465 17.770 85 1.042 16.643 22.335 82 1.317 20.936 19.366 53 1.592 17.721 20.266 52 1.804 18.410 17.728 47 1.982 15.699 43 44 45 46 47 48 49 50 51 DIVIDENDS - TOTAL FARMS NET FOREIGN FINANCIAL CORPS. NONFINANCIAL CORPORATIONS 5.574 18 129 331 5.096 6.321 43 221 224 5.833 7.036 47 254 312 6.423 7.238 45 305 454 6.434 8. 838 50 437 8.570 60 393 456 368 7.895 7.749 8.560 40 302 427 7.791 8.8 86 33 343 551 7.959 9.282 31 483 553 8.215 47 48 49 50 51 52 53 54 55 56 57 58 59 UNDIST. PROFITS - TOTAL FARMS FOREIGN BRANCH PROFITS FINANCIAL CORPORATIONS NONFINANCIAL CORPORATIONS + INVENTORY VAL. ADJ. + BRANCH PROFITS = NONFIN. CORPS.,NET 9.911 67 296 1.323 8.225 -5.263 296 3.258 13.881 51 46 8 1.C42 12.320 -5.899 463 6.889 15.634 42 582 1.626 13.384 -2. 152 582 1 1.814 11.295 24 527 1.819 8.925 1.856 527 11.308 16.026 40 547 1.686 13.753 -4.965 547 9. 335 13.025 7 769 1.946 10.303 -1.199 769 9. 873 10.996 -28 797 2.0 50 8.177 9R1 797 9.965 11.475 -45 792 2.250 8.478 -997 792 8.273 11.271 -5 9 39 2.232 8.105 -313 939 8.7 26 52 53 54 55 56 57 58 59 9.889 1.317 223 1.205 2.476 4.668 80 18 4.570 12.219 1.457 241 1.580 3.120 5.821 100 23 5.698 14.490 1.597 2 59 2.030 3.618 6.986 119 28 6.839 16.550 1.718 288 2.331 4.267 7.946 139 33 7.774 18.342 1.937 324 2.627 4.654 8.800 159 37 8.604 21.195 2.250 375 3.099 5.220 10.251 193 *♦6 10.012 23.191 2.431 423 3.270 5.591 11.470 217 5<+ 11.205 25.672 2.724 464 3.398 5.922 13.164 252 56 12.856 28.234 3.069 502 3.362 6.352 14.949 289 59 14.601 60 61 62 63 64 65 66 67 68 9.970 19.859 12.862 25.081 15.541 30.031 17.598 34.148 20.279 38.621 2‘*. 142 45.337 25.765 48.946 26.853 52.525 27.964 56.198 69 70 67 968 -1.937 277 1.525 3.445 2.176 2.946 2.746 71 37.024 10.467 35.805 11.205 35.574 10.026 35.962 8.963 41.680 9.084 50.842 11.350 49.755 12.531 49.883 12.353 46.310 11.267 72 73 60 TOTAL CAPITAL CONSUMPTIO.N OWNER-OCCUPIED HOMES I HH 1 61 NONPROFIT INST.(HH) 62 FA»M NONCORPORATE 63 NCNFARM NONCORPORATE 3US. 64 TOTAL CORPORATE 65 FINANCIAL BUSINESS 66 CORPORATE FARMS 67 68 NONFINANCIAL CORPORATIONS MEMO: CAP. CONS. ON CONSUMER DURABLES NOT INCLUDED ABOVE 69 TOT CAP.CONS. INCL DURABLES 70 71 STATISTICAL DISCREPANCY 72 PROFIT TAX RATE (?) 73 PERSONAL TAX RATE (?l MONEY AMGUNTS ARE IN MILLIONS OF DOLLARS AUGUST, 1972 INCOME ANO PRODUCT DISTRIBUTION 2 INCOME AMO PROOUCT DISTRIBUTION INCOME AND PRODUCT ACCOUNTS: GNP EXPENDITURES AND GROSS SAVING 2 ANNUAL FLOWS, 1955-64 ANNUAL FLOWS, 1955-64 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1 TOTAL GNP 397.960 419.238 441.134 44 7.334 483.662 503.732 520.097 560.325 590.502 632.41C 1 2 CURRENT OUTLAYS 3 STATE AND LOCAL GOVT. U. S. GOVERNMENT 4 5 HOUSEHOLDS 6 OF WHICH CONSUMER DURABLES 328.577 30.106 44.090 254.381 19.639 345.255 32.994 45.586 266.675 38.920 367.555 36.586 49.538 281.432 40.795 384.227 40.564 53.594 290.069 37.881 408.211 43.346 53.659 311.206 44.306 424.860 46.090 53.531 325.239 45.294 442.777 50.217 57.408 335.152 44.180 472.177 53.731 63.389 355.057 49.540 497.465 58.240 64.244 374.981 53.928 529.916 63.529 65.166 401.221 59.237 2 3 4 5 6 7 GROSS DOMESTIC 8 9 10 11 12 13 14 15 INVESTMENT 67.374 70.016 67.850 60.901 75.304 74.826 71.699 83.018 87.140 94.032 7 61.421 23.307 22.070 21.132 622 65.321 21.607 20.333 20.190 682 66.515 20.16C 18.462 13.057 662 62.392 20.779 18.492 17.253 633 70.547 25.451 22.219 21.373 645 71.257 22.847 19.523 19.717 614 69.677 22.645 18.429 17.569 602 77.014 25.347 19.399 18.717 594 81.274 26.990 20.030 18.996 579 88.197 27.126 19.452 19.335 5 38 8 9 10 11 12 316 158 158 -529 -264 -265 -257 -128 -129 606 303 303 201 100 101 -808 -404 -404 258 129 129 88 44 44 455 227 228 -421 -210 -211 13 14 15 1.237 620 617 1.274 639 635 1.698 850 848 2.287 1.145 1.142 3.232 1.617 1.615 3.324 1.534 1.790 4.216 1.766 2.450 5.948 2.258 3.690 6.960 2.370 4.590 7.674 2.304 5.370 16 17 18 38.114 1.862 3.333 6.554 573 25.792 43.714 2.102 3.039 7.300 559 30.664 46.355 2.368 3.248 6.699 641 33.399 41.613 2.523 3.731 6.376 618 28.365 45.096 2.590 3.729 6.946 760 31.071 48.410 2.805 3.257 6.952 517 34.879 47.032 2.930 3.537 6.556 721 33.238 51.667 3.211 3.706 7.106 641 37.003 59.284 3.386 4.327 6.973 983 38.615 61.071 3.669 4.811 7.619 860 44.112 19 20 21 22 23 24 5.953 467 5.496 559 4.927 4.695 -380 5.075 191 4.884 1.335 534 801 219 582 -1.491 84.8 -2.339 198 -2.537 4.75 7 -8 4.765 619 4.146 3.569 233 3.336 305 3.031 2.022 279 1.743 222 1.521 6.004 714 5.290 604 4.686 5.866 785 5.C81 743 4.338 5.835 -594 6.429 575 5.854 25 26 27 28 29 2.009 19.804 17.795 3.967 23.595 19.628 5.729 26.481 20.752 2.206 23.067 20.861 147 23.489 23.342 4.046 27.244 23.198 5.621 28.575 22.954 5.130 30.278 25.148 5.897 32.339 26.442 8.462 37.099 28.637 30 31 32 275.348 15.822 5.746 293.179 20.569 7.015 308.524 20.739 6.722 318.826 22.276 6.986 337.317 19.059 5.650 350.044 17.019 4.861 364.424 21.151 5.803 385.267 21.590 5.603 404.604 19.943 4.929 438.096 26.188 5.977 33 34 35 3.992 -1.272 5.742 -873 2.061 -1.357 -10.190 -2.336 -1.247 -813 3.462 219 -3.812 -526 -3.806 936 66 3 1.186 —3.042 1.676 36 37 CORPORATE PROFITS, TAXES, AND DIVIDENDS: 48.607 PROFITS - TOTAL 46 FARMS L.579 FOREIGN 4.980 FINANCIAL CORPS. NONFINAN. CORPS. 42.002 43.825 49 1.813 5.188 41.775 47.177 42 1.886 5.471 39.778 41.372 66 1.734 5.916 33.656 52.141 33 1.809 7.111 43.188 49.712 63 1.880 7.694 40.075 50.349 79 2.321 7.708 40.241 55.408 133 2.566 8.103 44.606 59.401 25 2.547 7.779 49.050 66.789 67 3. 109 7.926 55.687 38 39 40 41 42 PVT. FIXED INVESTMENT RESIDENTIAL CONSTRUCTION 1-4 FAMILY STRUCTURES HOUSEHOLD PURCHASES FARM CHANGE IN WORK IN PROCESS ON NONFARM CORPORATE NONCORPORATE 16 17 18 MULTI-FAMILY UNITS CORPORATE BUSINESS NONCORPORATE BUSINESS 19 20 21 22 23 24 NONRES. PLANT ♦ EQUIP. NONPROFIT INST.(HH) FARM NONFARM NONC.ORP. BUSINES FINANCIAL CORPORATIONS NONFINANCIAL CORPORATION 25 26 27 28 29 INVENTORIES FARM NONFARM NONCORPORATE CORPORATE 30 NET EXPORTS 31 EXPORTS IMPORTS 32 33 DISPOSABLE PERSONAL INCOME 34 PERSONAL SAVING 35 SAVING RATE (PERCENT) 36 FEDERAL GOVT. SURPLUS 37 STATE 6 LOCAL GOVT. SURPLUS 38 39 40 41 42 43 44 45 46 TAX ACCRUALS - TOTAL FARMS FINANCIAL CORPS. NONF INANCIAL 21.616 41 1.788 19.787 21.668 44 1.914 19.710 21.202 37 2.313 18.852 19.045 57 2.786 16.202 23.679 44 2.909 20.726 23.032 52 3.498 19.482 23.104 65 3.319 19.720 24.179 72 3.298 20.809 26.324 64 3.445 22.815 28.345 70 4.040 24.2 35 43 44 45 46 47 48 49 50 51 DIVIDENDS - TOTAL FARMS NET FOREIGN FINANCIAL CORPS. NONFINANCIAL CORPORATIONS 10.478 30 509 564 9.3 75 11.280 28 595 550 10.107 11.742 33 634 708 10.367 11.566 36 702 662 10.166 12.580 13 831 865 10.871 13.437 42 841 962 11.592 13.770 39 1.069 1.077 11.585 15.183 50 1 .229 1.155 12.749 16.454 120 1.017 1.108 14.209 17.811 44 1.340 1.485 14.94? 47 48 49 50 51 52 53 54 55 56 57 58 59 UNDIST. PROFITS - TOTAL FARMS FOREIGN BRANCH PROFITS FINANCIAL CORPORATIONS NONFINANCIAL CORPORATIONS + INVENTORY VAL. ADJ. + BRANCH PROFITS = NONFIN. CORPS.,NET 16.513 -2 5 1.070 2.628 12.34U -1.733 1.070 12.177 15.877 -23 1.218 2.724 11.958 -2.693 1.213 10.433 14.233 -23 1.252 2.450 10.559 -1.539 1.252 10.272 1 0.761 -2 7 1.032 2.468 7.288 -255 1.032 8.065 15.882 -24 978 3.331 11.591 -465 978 12. 104 13.243 -31 1.039 3.234 9.001 192 1.039 10.232 13.475 -25 1.252 3.312 8.936 -52 1.252 10.136 16.046 11 1.337 3.650 11.048 252 1 .337 12.637 16.623 -159 1.530 3.226 12.026 -468 1.530 13.088 20.633 -47 1.769 2.401 16.510 -513 1.76*3 17.766 52 53 54 55 56 57 58 59 31.473 60 TOTAL CAPITAL CONSUMPTION 3.476 OWNER-OCCUPIED HOMES IHH1 61 545 NONPROFIT INST.(HH) 62 3.626 FARM NONCORPORATE 63 0.424 NONFARM NONCORPORATE BUS. 64 17.402 65 TOTAL CORPORATE 34i FINANCIAL BUSINESS 66 74 CORPORATE FARMS 67 16.987 NONFINANCIAL CORPORATIONS 68 MEMO: CAP. CONS. ON CONSUMER 1DURAbLES 29.729 NOT INCLUDED ABOVE 69 61.202 TOT CAP.CONS. INCL DURABLES 70 34.070 3.810 587 3.649 7.124 16.900 384 72 18.444 37.08d 4.231 648 3.833 7.562 20.814 435 79 20.300 38.936 4.580 718 3.913 7.713 22.012 490 98 ? 1.424 41.377 4.900 189 4. 121 8.056 23.511 534 107 22.870 43.406 5.257 842 4.111 8.290 24.906 604 124 2h.178 45.243 5.6C7 895 4. 06 2 8.^40 2c.239 655 147 25.437 49.969 5.960 968 4.174 8.601 30.066 726 156 29.182 52.598 6.359 1.045 4.279 9. 168 31.747 796 180 30.771 56.077 6. 769 1. 110 4.416 9. 845 33.857 91 I 169 32.751 60 61 62 63 64 65 66 67 68 33.030 67.100 35.880 7z.96e 37.328 76.264 38.806 60.183 40.218 83.624 41.309 86.552 42.853 92.622 45.014 97.612 48.030 104.107 69 70 2. 102 -1.107 36 1.577 -766 -1.005 -718 504 -292 -1.307 71 44.470 11.43? 44.378 11.959 44.941 12.126 46.u33 11.725 45.413 12.049 46.330 12.696 45.887 12.569 43.638 12.957 44.313 13.079 42.439 11.933 72 73 71 STATISTICAL DISCREPANCY 72 PROFIT TAX RATE (?) 73 PERSONAL TAX RATE K) HONEY AMOUNTS ARC IN MILLIONS OF DOLLARS. AUGUST, 1972 INCOME AND PRODUCT DISTRIBUTION 3 INCOME ANO PRODUCT DISTRIBUTION 3 INCOME AND PRODUCT ACCOUNTS: GNP EXPENDITURES AND GROSS SAVING ANNUAL FLOWS, ANNUAL FLOWS, 1965-71 1965 1966 1967 1968 1969 1970 1971 1972 1973 1965-71 1974 1 TOTAL GNP 684.884 749.857 793.927 864.202 930.286 976.449 1050.358 1 2 CURRENT OUTLAYS STATE ANO LOCAL GOVT. 3 4 U. S. GOVERNMENT 5 HOUSEHOLDS 6 OF WHICH CONSUMER DURABLES 569.844 70.1D8 66.897 432.839 66.308 623.147 79.04C 77.773 466.334 70.752 672.159 89.387 9C.7C6 492.066 73.120 735.739 100.793 98.768 536.178 84.032 789.425 111.184 98.761 579.460 90.790 835.810 122.519 96.525 616. 766 90.499 897.666 135.002 97.760 664.904 103.482 2 3 4 5 6 7 GROSS OOMESTIC INVESTMENT 108.139 121.430 116.555 125.974 138.951 137.077 151.966 7 98.519 27.228 19.803 19.097 521 106.628 25.042 18.291 18.941 541 108.362 25.063 18.971 17.001 569 118.909 30.C74 21.996 21.091 549 131.146 32.637 22.083 21.960 643 132.164 31.222 20.393 19.592 479 148.344 42.575 28.263 25.843 558 8 9 10 ll 12 185 92 93 -1.191 -595 -596 1.401 700 701 356 178 178 -520 -260 -260 322 161 161 1.862 931 931 13 14 15 7.425 1.935 5.490 6. 751 1.691 5.060 6.092 1.552 4.540 8.078 2.135 5.943 10.554 3.285 7.269 1C. 629 3.224 7.605 14.312 4.344 9.968 16 17 18 71.291 4.145 4.850 8.628 632 52.836 81.586 4.504 5.421 9.067 994 61.600 83.299 4.514 6.011 9.288 1.013 62.473 88.835 4.535 5.673 9.848 1.332 67.447 98.509 5.089 5.899 10.571 2. 648 74.302 100.942 5.254 6.502 10.634 2.096 76.456 105.769 5.596 7.296 11.476 2.570 78.831 19 2C 21 22 23 24 9.620 973 8.647 740 7.907 14.802 -159 14.961 588 14.373 8.193 737 7.456 204 7.252 7.065 117 6.948 525 6.423 7.805 103 7.702 981 6.721 4.913 94 4.819 55 4.764 3.622 1.230 2.392 1.276 1.116 25 26 27 28 29 6.901 39.196 32.295 5.280 43.360 38.080 5.213 46.203 40.990 2.489 50.623 48.134 1.910 55.502 53.592 3.562 62.870 59.308 726 66.132 65.406 30 31 32 473.240 28.432 6.007 511.852 32.527 6.354 546.341 40.366 7.388 590.997 39.758 6.727 634.386 38.212 6.023 689.524 54.846 7.954 744.375 60.927 8.184 33 34 35 1.231 962 -215 1.266 -12.377 -1.553 -6.484 -346 8.122 685 -12.891 2.813 -21.694 4.792 36 37 CORPORATE PROFITS, TAXES, ANO DIVIDENDS: 77.787 PROFITS - TOTAL 150 FARMS FOREIGN 3.270 8.694 FINANCIAL CORPS. 65.673 NONFINAN. CORPS. 84.224 168 3.252 9.738 71.066 79.814 50 3.605 10.016 66.143 87.636 145 3.966 11.288 72.237 84.904 115 4.478 12.413 67.898 74.296 -53 4.709 14.495 55.145 83.250 69 5.809 16.668 60.704 38 39 40 41 42 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 PVT. FIXED INVESTMENT RESIDENTIAL CONSTRUCTION 1-4 FAMILY STRUCTURES HOUSEHOLD PURCHASES FARM CHANGE IN WORK IN PROCESS ON NONFARM CORPORATE NONCORPORATE MULTI-FAMILY UNITS CORPORATE BUSINESS NONCORPORATE BUSINESS NONRES. PLANT + EQUIP. NONPROFIT INST.IHHI FARM NONFARM NONCORP. BUSINES FINANCIAL CORPORATIONS NONFINANCIAL CORPORATION INVENTORIES FARM NONFARM NONCORPORATE CORPORATE 30 NET EXPORTS 31 EXPORTS 32 IMPORTS 33 DISPOSABLE PERSONAL INCOME 34 PERSONAL SAVING 35 SAVING RATE (PERCENT, 36 FEDERAL GOVT. SURPLUS 37 STATE £ LOCAL GOVT. SURPLUS 38 39 40 41 42 43 44 45 46 TAX ACCRUALS - TOTAL FARMS FINANCIAL CORPS. NONF INANCIAL 31.326 85 3.700 27.541 34.281 81 4.199 30.001 33.177 57 4.824 28.296 39.858 77 5.811 33.970 40.060 90 6.360 33.610 34.145 80 7.226 26.839 37.348 80 7.910 29.358 43 44 45 46 47 48 49 50 51 DIVIDENDS - TOTAL FARMS NET FOREIGN FINANCIAL CORPS. NONFINANCIAL CORPORATIONS 19.808 67 1.505 1.422 16.814 20.797 59 1.439 1.156 18.143 21.385 46 1.510 1.005 18.824 23.552 52 1.496 1.203 20.801 24.331 50 2.028 1.563 20.690 24.795 26 2.378 2.528 19.863 25.425 26 3.254 2.694 19.451 47 48 49 50 51 52 53 54 55 56 57 58 59 UNDIST. PROFITS - TOTAL FARMS FOREIGN BRANCH PROFITS FINANCIAL CORPORATIONS NONFINANCIAL CORPORATIONS ♦ INVENTORY VAL. ADJ. ♦ BRANCH PROFITS = NONFIN. CORPS.,NET 26.653 -2 1.765 3.572 21.318 -1.717 1.765 21.366 29.146 28 1.813 4.383 22.922 -1.784 1.813 22.951 25.252 -53 2.095 4.187 19.023 -1.129 2.095 19.989 24.226 16 2.470 4.274 17.466 -3.335 2.470 16.601 20.513 -25 2.450 4.490 13.598 -5.125 2.450 10.923 15.356 -159 2.331 4.741 8.443 -4.376 2.331 6.398 20.477 -37 2.555 6.C64 11.895 -4.680 2.555 9.770 52 53 54 55 56 57 58 59 59.764 60 TOTAL CAPITAL CONSUMPTION 7.143 OWNER-OCCUPIED HOMES (HHI 61 1.193 NONPROFIT INST.IHHI 62 4.779 FARM NONCORPORATE 63 10.243 NONFARM NONCORPORATE BUS. 64 36.406 65 TOTAL CORPORATE 978 FINANCIAL BUSINESS 66 202 67 CORPORATE FARMS 35.226 NONFINANCIAL CORPORATIONS 68 MEMO: CAP. CONS. ON CONSUMER DURABLES 51.517 NOT INCLUDEO ABOVE 69 111.281 TOT CAP.CONS. INCL DURABLES 70 63.948 7.422 1.283 5.052 10.678 39.513 1.081 230 38.202 68.893 7.844 1.380 5.469 11.242 42.958 1.217 278 41.463 74.503 8.302 1.482 5.953 11.921 46.845 1.488 253 45.104 81.563 8.684 1.591 6.237 13.122 51.929 1.748 321 49.860 86.346 8.989 1.697 6.356 14.153 55.151 2.100 364 52.687 93.756 9.388 1.801 6.787 15.515 60.265 2.539 •404 57.322 60 61 62 63 64 65 66 67 68 55.601 119.549 60.686 129.579 67.373 141.876 74.559 156.122 80.648 166.994 87.330 181.086 69 70 71 STATISTICAL DISCREPANCY -3.119 -I.Oil -654 -2.734 -6.054 -4.661 -4.461 71 72 PROFIT TAX RATE (SI 73 PERSONAL TAX RATE (SI 40.271 12.182 40.702 12.834 41.567 13.187 45.481 14.214 47.182 15.518 45.958 14.478 44.862 13.583 72 73 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS AUGUST, 1972 CREDIT MARKET SUMMARY CREDIT MARKET SUMMARY 4 4 TOTAL FUNOS RAISED IN CREDIT MARKETS BY NONFINANCIAL SECTORS ANNUAL FLOWS, 1946-54 ANNUAL FLOWS, 1945 1946 1947 194e 1949 1950 1946-54 1951 1952 1953 1954 I. FUNDS RAISED, BY TYPE AND SECTOR 1 TOTAL FUNDS RAISED BY NONFINANCIAL SECTORS -4.362 16.956 14.061 17.421 25.678 24.556 31.229 29.736 27.321 1 -23.449 -23.246 -203 -7.231 -7.194 -37 - 5.709 -6.556 847 2.577 2.488 89 -1. 179 -557 -622 -438 -301 -137 4.884 4.503 381 7.045 5.418 1.627 2.421 2.336 85 2 3 4 19.087 1.056 18.031 24.187 1.160 23.027 19.770 1.063 18.707 14.844 1.278 13.566 26.857 1.417 25.440 24.994 1.965 23.029 26.345 2.362 23.983 22.691 1.766 20.925 24.900 1.831 23.069 5 6 7 7.052 68 861 6.123 4.343 348 1.295 137 11.282 1.412 2.792 7.078 5.085 517 1.309 167 13.788 2.169 4.380 7.239 5.038 875 1.102 224 11.912 2.582 2.894 6.436 4.298 1.167 680 291 15.300 3. 332 1.875 10.093 7.508 1.472 621 492 15.166 2.178 3.572 9.416 6.496 1.341 999 580 16.439 2.742 4.711 8.986 6.658 839 904 585 17.542 4.448 3.244 9.850 7.544 640 1.165 501 21.606 6.043 3.429 12.134 9.3 36 544 1.745 509 8 9 10 11 12 13 14 15 10.979 4.990 2.719 115 3.155 11.745 4.049 3.214 69 4.413 4.919 291 2.849 -8 1.787 1.654 -2.090 2.917 9 818 10.140 4.885 4.107 167 981 7.863 5.080 1.241 158 1.384 7.544 2.242 4.808 64 430 3.383 -950 3.873 88 372 1.463 362 1.071 410 -380 16 17 18 19 20 19.087 3.413 47 7.101 8.526 6.812 1.351 363 24.187 4.373 1.431 7.833 10.550 8.691 1.391 468 19.770 1.299 2.239 8.736 7.496 6.337 .501 658 14.844 267 2.497 7.872 4.208 3.135 681 392 26.857 235 3.399 13.343 9.880 7. 169 1.653 1.058 24.994 623 2.439 9.729 12.203 10.020 896 1.287 26.345 491 3.064 12.153 10.637 8.722 1.125 790 22.691 0 4.084 12.497 6.110 5.676 534 -100 24.900 434 5.708 11.056 7.702 6.075 855 772 21 22 23 24 25 26 27 28 29 MEMO: U.S.GOVT. CASH BALANCE -22.104 TOTALS NET OF CHANGES IN U.S. GOVT. CASH BALANCES— 30 TOTAL FUNDS RAISED 17.742 BY U.S. GOVERNMENT 31 -1.345 -2.114 1.243 483 -429 197 1.797 -1.356 306 29 19.070 -5.117 12.818 -6.952 16.938 2.094 26.107 -750 24.359 -635 29.432 3.087 31.092 8.401 27.015 2.115 30 31 2 U. S. GOVERNMENT 3 PUBLIC DEBT SECURITIES 4 BUDGET AGENCY ISSUES 5 ALL OTHER NONFIN. SECTORS 6 CORPORATE EQUITY SHARES 7 DEBT INSTRUMENTS 8 9 10 11 12 13 14 15 DEBT CAPITAL INSTRUMENTS ST.+LOCAL GOVT. SEC. CORPORATE + FGN. BONDS MORTGAGES HOME MTGS. OTHER RESIDENTIAL COMMERCIAL FARM 16 17 18 19 20 OTHER PRIVATE CREDIT BANK LOANS N.E.C. CONSUMER CREDIT OPEN-MARKET PAPER OTHER 21 22 23 24 25 26 27 28 BY BORROWING SECTORFOREIGN STATE+LOCAL GOVTS. HOUSEHOLDS NONFINANCIAL BUSINESS CORPORATE NONFARM NONCORPORATE FARM PRIVATE DOMESTIC NET 1 2 3 TOTAL, HOUSEHOLDS AND BUSINESS TOTAL CAPITAL OUTLAYS (11 CAPITAL CONSUMPTION (2» NET PHYSICAL INVESTMENT 4 5 NET FUNDS RAISED EXCESS NET INVESTMENT 6 7 8 TOTAL BUSINESS TOTAL CAPITAL OUTLAYS CAPITAL CONSUMPTION NET PHYSICAL INVESTMENT 9 10 ll 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 (31 NET DEBT FUNDS RAISED CORP. EQUITY ISSUES EXCESS NET INVESTMENT (31 CORPORATE BUSINESS TOTAL CAPITAL OUTLAYS CAPITAL CONSUMPTION NET PHYSICAL INVESTMENT NET DEBT FUNDS RAISED CORP. EQUITY ISSUES EXCESS NET INVESTMENT < 3» HOUSEHOLDS TOTAL CAPITAL OUTLAYS CAPITAL CONSUMPTION NET PHYSICAL INVESTMENT NET FUNOS RAISED EXCESS NET INVESTMENT (3) OF WHICH: HOUSES LESS HOME MTGS. DURABLES LESS CONS. CREDIT NONPROFIT P8E LESS MTGS. LESS—UNALLOCATED DEBT INVESTMENT AND BORROWING IN CREDIT MARKETS 46.469 19.779 26.690 54.191 24.981 29.210 68.411 29.912 38.499 60.041 34.009 26.032 84.255 38.462 45.793 88.658 45.144 43.514 80.822 48.729 32.093 85.534 52.273 33.261 84.051 55.909 28.142 1 2 3 15.627 11.063 18.383 10.827 16.232 22.267 12.080 13.952 23.223 22.570 21.932 21.582 22.790 9.303 18.607 14.654 18.758 9.384 4 5 24.714 8.269 16.445 24.815 10.421 14.394 32.589 12.515 20.074 23.435 14.405 9.030 36.713 15.922 20.791 41.711 18.377 23.334 34.839 20.120 14.719 34.605 22.232 12.373 32.583 24.374 8.209 6 7 8 7.470 1 .056 7.919 9.375 1.175 3.844 6.448 1.048 12.578 2.912 1.296 4.822 8.487 1.393 10.911 10.314 1.889 11.131 8.335 2.302 4.082 4.293 1.817 6.263 6.127 1.575 5 07 9 10 11 17.920 4.570 13.350 17.222 5.698 11.524 20.277 6.839 13.438 15.308 7.774 7.534 24.106 8.604 15.502 29.917 10.012 19.905 24.430 1 1.205 13.225 24.641 12.856 11.785 21.644 14.601 7.043 12 13 14 5.756 1.056 6.538 7. 516 1.175 2.833 5.289 1.048 7.101 1.839 1*. 296 4.399 5.776 1.393 8.333 8.131 1.389 9. 885 6.420 2.302 4.503 3.859 1.817 6.109 4.500 1.575 968 15 16 17 21.755 11.51C 10.245 29.376 14.560 14.816 35.822 17.357 18.425 36.606 15.604 17.002 47.542 22.54C 25.002 46.947 26.767 20.180 45.963 28.609 17.374 50.929 30.041 20.888 51.468 31.535 19.9 33 18 19 20 7.101 3. 144 7.83 3 6.983 8.736 5.639 7.872 9. 130 13.343 11.639 5. 729 10.431 12.153 5.221 12.497 8.391 11.056 8.877 21 22 449 3.068 54 427 2.568 4.318 161 64 5.478 4.237 381 457 4.91 9 4.113 5C3 405 6 .303 6.091 574 1.309 6 .408 4.265 586 808 6.379 -1.229 479 408 5.828 2.522 501 460 5.060 3.801 720 704 23 24 25 26 (1ICAPITAL OUTLAYS ARE TOTALS FOR RESIDENTIAL AND NONRESI DENT IAL FIXEO CAPITAL, NET CHANGE IN INVENTORIES, AND CONSUMER DURABLES, EXCEPT OUTLAYS BY FINANCIAL BUSINESS. (2ICAPITAL CONSUMPTION INCLUDES AMOUNTS FOR CONSUMER DURABLES AND EXCLUDES FINANCIAL BUSINESS CAPITAL CONSUMPTION. (3IEXCESS OF NET MONEY AMOUNTS ARE INVESTMENT OVER IN MILLIONS OF NET FUNDS RAISED DOLLARS. AUGUST, 1972 CREDIT MARKET SUMMARY 5 CREDIT MARKET SUMMARY TOTAL FUNDS RAISED IN CREDIT MARKETS BY NONFINANCIAL SECTORS ANNUAL FLOWS, ANNUAL FLOWS, 1955-64 1956 1955 1958 1957 I. FUNDS RAISED, 1 TOTAL FUNDS RAISED BY NONFINANCIAL SECTORS 1960 1961 1962 1963 1964 BY TYPE AND SECTOR 38.112 29.912 30.597 41.500 51.965 3 7.04 7 46.890 53.397 58.014 67.812 1 -788 -61 -727 -5.798 -5.543 -255 -2.239 -2.658 419 9.314 8.959 355 7.089 7.423 -334 -2.051 -2.195 144 7.211 6.682 529 7.017 6.214 803 3.979 4.088 -109 6.273 5.388 885 2 3 4 38.900 2.117 36.783 35.710 2.391 33.319 32.836 2.475 30.361 32.186 2.404 29.782 44.876 2.439 42.437 39.098 1.661 37.437 39.679 2.797 36.882 46.380 567 45.813 54.035 -189 54.224 61.539 1.595 59.944 5 6 7 2 U. S. GOVERNMENT 3 PUBLIC DEBT SECURITIES 4 BUDGET AGENCY ISSUES 5 ALL OTHER NONFIN. SECTORS 6 CORPORATE EQUITY SHARES 7 DEBT INSTRUMENTS 1959 1955-64 8 9 10 11 12 13 14 15 DEBT CAPITAL INSTRUMENTS ST.+LOCAL GOVT. SEC. CORPORATE + FGN. BONOS MORTGAGES HOME MTGS. OTHER RESIDENTIAL COMMERCIAL FARM 23.899 5.159 2.643 16.097 12.449 82 5 2.048 775 22.306 3.795 3.925 14.586 10.777 574 2.421 814 23.167 4.413 6.752 12.002 8.551 451 2.438 562 26.602 5.494 6.601 14.507 9.329 1.518 2.948 712 28.097 6.065 3.428 18.604 12.720 1.820 3.072 992 25.006 5.244 4.033 15.729 10.135 1.681 3.176 73 7 29.121 5.247 5.077 18.797 11.121 2.614 3.983 1.079 32.550 5 .323 5.544 21.683 12.779 2.836 4.792 1.276 35.874 5.911 4.906 25.057 15.114 3.243 5.071 1.629 36.285 5.707 4.461 26.117 15.649 4.523 3.825 2.120 8 9 10 11 12 13 14 15 16 17 18 19 20 OTHER PRIVATE CREOIT BANK LOANS N.E.C. CONSUMER CREDIT OPEN-MARKET PAPER OTHER 12.884 5.641 6.366 -375 1.252 11.013 6.454 3.5G4 341 714 7. 194 2.112 2.637 379 2.066 3.180 1.549 158 90 1.383 14.340 6.407 6.415 -389 1.907 12.431 3.159 4.597 1.330 3.345 7.761 2.914 1.841 981 2.025 13.263 4.526 5.839 71 2.827 18.350 6.367 7.918 10 4.055 23.659 9.375 8.5 29 652 5.103 16 17 18 19 20 38.900 350 5.171 19.735 13.644 10.418 1.785 1.441 35.710 974 3.863 16.119 14.754 12.733 1.162 859 32.836 1.368 4. 564 12.888 14.016 11.960 999 1.057 32.186 2.332 5.674 11.021 13.159 10.225 1.570 1.364 44.876 934 6.250 21.453 16.239 11.889 2.418 1.932 39.098 1.842 5.449 17.7C5 14.102 11.404 1.667 1.031 39.679 2.481 5.473 15.310 16.415 12.521 2.301 I. 593 46.380 1.823 5.827 20.779 17.951 12.374 3.279 2.298 54.035 3.756 6.144 24.785 19.350 12.294 4.506 2.550 61.539 5.130 5.968 27.867 22.574 14.623 5.348 2.603 21 22 23 24 25 26 27 28 -674 52 CASH BAL*kNCES — 38.786 29,860 -114 -5.850 162 177 612 839 48 1.287 -355 165 29 30.435 -2.401 41.323 9.137 51.353 6.477 36.208 -2.890 46.842 7.163 52.110 5.730 58.369 4.334 67.647 6.108 30 31 21 22 23 24 25 26 27 28 BY BORROWING SECTORFOREIGN STATE+LOCAL GOVTS. HOUSEHOLDS NONFINANCIAL BUSINESS CORPORATE NONFARM NONCORPORATE FARM 29 MEMO: U.S.GOVT. CASH BALANCE TOTALS NET OF CHANGES IN U.S. GOVT. 30 TOTAL FUNDS RAISED BY U.S. GOVERNMENT 31 PRIVATE DOMESTIC NET 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 13 15 2C 21 2? 23 24 25 26 TOTAL, HOUSEHOLDS AND BUSINESS TOTAL CAPITAL OUTLAYS (11 CAPITAL CONSUMPTION (21 NET PHYSICAL INVESTMENT NET FUNDS RAISED EXCESS NET INVESTMENT (31 TOTAL BUSINESS TOTAL CAPITAL OUTLAYS CAPITAL CONSUMPTION NET PHYSICAL INVESTMENT NET DEBT FUNDS RAISED CORP. EQUITY ISSUES EXCESS NET INVESTMENT (31 CORPORATE BUSINESS TOTAL CAPITAL OUTLAYS CAPITAL CONSUMPTION NET PHYSICAL INVESTMENT 106.440 60.861 45.579 108.377 66.716 41,661 108.004 72.533 35.471 98.164 75.774 22.390 118.850 79.649 39.201 119.60 3 83.020 36.583 115.158 85.897 29.261 131.917 92.096 39.821 140.085 96.816 43.269 152.409 103.190 49.219 1 2 3 33.379 12.200 30.873 10.788 26.904 8.567 24. 180 -1.790 37.692 1.509 31.807 4. 776 31.725 -2.464 38.730 1 .091 44.135 -866 50.441 -1.222 4 5 43.807 27.111 16.696 47.175 29.'2 89 17.886 46.784 31.774 15.010 40.507 33.148 7.359 50.581 35.154 15.427 51.787 36.703 15.084 50.429 38.086 12.343 60.449 42.315 18.134 63.775 44.398 19.377 70.168 47.261 22.907 6 7 8 11.700 1.944 3.052 12.474 2.280 3.132 11.576 2.440 994 1 1.087 2.072 -5.800 13.995 2.244 -812 12.527 1.575 982 13.943 2.472 -4.072 17.359 592 183 19.650 -300 27 21.189 1.385 333 9 10 11 31.497 16.987 14.510 35.923 18.444 17.479 34.703 20.300 14.403 27.276 21.424 5.852 36.934 22.870 14.064 39.040 24.178 14.862 36.654 25.437 11.217 43.991 ' 29.182 14.809 45.550 30.771 14.779 52.060 32.751 19.309 12 13 14 8.474 1.944 4.092 10.453 2.280 4.746 9.520 2.440 2.443 8.153 2.072 -4.373 9.645 2.244 2.175 9.829 1.575 3.458 10.049 2.472 -1.304 11.782 592 2.43 5 12.594 -300 2.485 13.238 1.385 4.686 15 16 17 62.633 33.750 28.883 61.202 37.427 23.775 61.220 40.759 20.461 57.657 42.626 15.031 68.269 44.495 2 3. 7 74 67.816 46.317 21.499 64.729 47. 81 1 16.918 71.468 49.781 21.687 76.310 52.418 23.892 82.241 55.929 26.312 18 19 20 19.735 9. 148 16.119 7.656 12.888 7.5 73 11.021 4.01C 21.453 2.321 17.705 3.794 15.310 1.608 20.779 908 24.785 -893 27.867 -1.555 21 22 5.459 3.544 688 543 5.169 2.386 812 711 5.069 2.278 936 710 3.828 395 987 1.200 3.913 -915 987 1.664 3.6 79 479 1.096 1.460 1.047 1.030 1.185 1.654 48 848 1.292 1.280 -2.113 996 1.364 1.140 -3.439 2.678 1.518 2. 312 23 24 25 26 NET DEBT FUNDS RAISED CORP. EQUITY ISSUES EXCESS NET INVESTMENT 13» HOUSEHOLDS TOTAL CAPITAL OUTLAYS CAPITAL CONSUMPTION NET PHYSICAL INVESTMENT NET FUNDS RAISED EXCESS NET INVESTMENT (31 CF WHICH: HOUSES LESS HOME MTGS. DURABLES LESS CONS. CREDIT NONPROFIT PEE LESS MTGS. LESS--UNALLOCATED DEBT INVESTMENT ANO BORROWING IN CREDIT MARKETS (1ICAPITAL OUTLAYS ARE TOTALS FOR RESIDENTIAL AND NONRESI DENT I AL FIXED CAPITAL, NET CHANGE IN INVENTORIES, AND CONSUMER DURABLES, EXCEPT OUTLAYS BY FINANCIAL BUSINESS. (2ICAPITAL CONSUMPTION INCLUDES AMOUNTS FOR CONSUMER DURABLES AND EXCLUDES FINANCIAL BUSINESS CAPITAL CONSUMPTION. (3IEXCESS OF NET MONEY AMOUNTS ARE INVESTMENT OVER NET FUNDS RAISED. IN MILLIONS OF DOLLARS. AUGUST, 1972 CREDIT MARKET SUMMARY CREOIT MARKET SUMMARY TOTAL FUNOS RAISEO IN CREOIT MARKETS BY NONFINANCIAL SECTORS 6 ANNUAL FLOWS, 1965-71 ANNUAL FLOWS, 1965-71 1965 1966 1968 1967 1969 1970 1971 1972 1973 1974 I. FUNOS RAISED, BY TYPE ANO SECTOR 1 TOTAL FUNDS RAISED BY NONFINANCIAL SECTORS 70.376 68.665 83.357 97.835 91.701 101.567 156.347 1 1.768 1.301 467 ' 3.633 2.340 1.293 13.005 8.913 4.092 13.398 10.319 3.079 -3.646 -1.277 -2.369 12.802 12.886 -84 25.503 26.023 -520 2 3 4 68.608 322 68.286 65.032 927 64.105 70.352 2.354 67.998 84.437 -688 85.125 95.347 4.770 90.577 88.765 6.837 81.928 130.844 13.451 117.393 5 6 7 2 U. S. GOVERNMENT 3 PUBLIC DEBT SECURITIES 4 BUDGET AGENCY ISSUES 5 ALL OTHER NONFIN. SECTORS 6 CORPORATE EQUITY SHARES 7 DEBT INSTRUMENTS 8 9 10 11 12 13 14 15 DEBT CAPITAL INSTRUMENTS ST.+LOCAL GOVT. SEC. CORPORATE * FGN. BONDS MORTGAGES HOME MTGS. OTHER RESIDENTIAL COMMERCIAL FARM 38.795 7.295 5.852 25.648 15.382 3.618 4.415 2.233 39.002 5.748 10.959 22.295 11.358 3.124 5.681 2.132 46.226 8.306 15.874 22.046 11.617 3.611 4.684 2. 134 51.347 10.084 13.964 27.299 15.163 3.467 6.601 2.068 48.953 7.943 13.098 27.912 15.656 4.815 5.499 1.942 60.829 13.849 21.135 25.845 12.805 5.862 5.403 1.775 87.482 20.234 20.292 46.956 26.059 8.817 10.069 2.011 8 9 10 11 12 13 14 15 16 17 18 19 20 OTHER PRIVATE CREOIT BANK LOANS N.E.C. CONSUMER CREOIT OPEN-MARKET PAPER OTHER 29.491 14.116 10.046 -321 5.650 25.103 10.403 7.229 1.036 6.435 21.772 9.857 4.589 2.126 5.200 33.778 13.825 11.059 1.621 7.273 41.624 16.848 9.278 3.334 12.164 21.099 4.960 4.333 3.765 8.041 29.911 12.956 10.435 -414 6.934 16 17 18 19 20 21 22 23 24 25 26 27 28 BY BORROWING SECTOR— FOREIGN STATE+LOCAL GOVTS. HOUSEHOLDS NONFINANCIAL BUSINESS CORPORATE NONFARM NONCORPORATE FARM 68.608 2.541 7.608 28.832 29.627 20.610 5.727 3.290 65.032 1.313 6.375 23.213 34.131 25.155 5.516 3.460 70.352 4.017 8.481 19.747 38.107 29.667 4.960 3.480 84.437 3.054 10.394 31.858 39.131 30.733 5.740 2.658 95.347 3.324 8.689 32.409 50.925 40.263 7.486 3.176 88.765 3.033 13.926 22.372 49.434 39.778 6.407 3.249 130.844 5.641 20.599 41.668 62.936 48.538 10.303 4.095 21 22 23 24 25 26 27 28 -399 -l.Oli 29 MEMO: U.S.GOVT. CASH BALANCE TOTALS NET OF CHANGES IN U.S. GOVT. CASH BALANCES— 69.064 71.387 30 TOTAL FUNOS RAISEO 2.779 4.032 BY U.S. GOVERNMENT 31 1.164 -1.135 401 2.671 3.268 29 82.193 11.841 98.970 14.533 91.300 -4.047 98.896 10.131 153.079 22.235 30 31 PRIVATE DOMESTIC NET INVESTMENT AND BORROWING IN CREDIT MARKETS TOTAL, HOUSEHOLDS ANO BUSINESS TOTAL CAPITAL OUTLAYS (11 CAPITAL CONSUMPTION (21 NET PHYSICAL INVESTMENT 173.615 110.303 63.312 191.188 118.468 72.720 188.662 128.362 60.300 208.674 140.388 68.286 227.093 154.374 72.719 225.480 164.894 60.586 252.878 178.547 74.331 1 2 3 58.459 4.853 57.344 15.376 57.854 2.446 70.989 -2.703 83.334 -10.615 71.806 -11.220 104.604 -30.273 4 5 7 84.065 50.450 33.615 96.991 54.162 42.829 94.027 58.452 35 .575 99.016 63.231 35.785 109.254 69.540 39.714 110.135 73.560 36.575 117.957 80.028 37.929 6 7 9 10 11 29.603 24 3.988 32.951 1.180 8.698 35.803 2.304 -2.532 39.974 -843 -3.346 46.622 4.303 -11.211 42.665 6.769 -12.859 49.502 13.434 -25.007 10 62.770 35.226 27.544 77.069 38.202 38.867 71.977 41.463 30.514 76.183 45.104 31.079 84.048 49.860 34.188 84.605 52.687 31.918 85.222 57.322 27.900 12 13 14 20.586 24 6.934 23.975 1.180 13.712 27.363 2.304 847 31.576 -843 346 35.960 4.303 -6.075 33.009 6.769 -7.860 35.104 13.434 -20.638 15 16 17 89.550 59.853 29.697 94.197 64.306 29.891 94.635 69.910 24.725 109.658 77.157 32.501 117.839 84.834 33.005 115.345 91.334 24.011 134.921 98.519 36.402 18 19 20 28.832 865 23.213 6.678 19.747 4.978 31.858 643 32.409 596 22.372 1.639 41.668 -5.266 21 22 -3.280 4.745 1.777 2.377 -791 7.922 1.964 2.417 -1.340 7.845 1.940 3.467 -2.090 5.600 1.918 4.785 -2.796 6.953 2.222 5.783 -1.944 5.518 2. 197 4.132 -8.114 5.717 2.347 5.216 23 24 25 26 I 2 3 4 5 NET FUNDS RAISED EXCESS NET INVESTMENT (31 TOTAL BUSINESS TOTAL CAPITAL OUTLAYS CAPITAL CONSUMPTION NET PHYSICAL INVESTMENT 8 6 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 NET DEBT FUNDS RAISEO CORP. EQUITY ISSUES EXCESS NET INVESTMENT (31 CORPORATE BUSINESS TOTAL CAPITAL OUTLAYS CAPITAL CONSUMPTION NET PHYSICAL INVESTMENT NET DEBT FUNOS RAISED CORP. EQUITY ISSUES EXCESS NET INVESTMENT (31 HOUSEHOLDS TOTAL CAPITAL OUTLAYS CAPITAL CONSUMPTION NET PHYSICAL INVESTMENT NET FUNDS RAISEO EXCESS NET INVESTMENT (31 OF WHICH: HOUSES LESS HOME MTGS. DURABLES LESS CONS. CREOIT NONPROFIT P£E LESS MTGS. LESS—UNALLOCATED DEBT (1ICAPITAL OUTLAYS ARE TOTALS FOR RESIDENTIAL ANO NONRESIDENTIAL FIXED CAPITAL, NET CHANGE IN INVENTORIES, AND CONSUMER DURABLES, EXCEPT OUTLAYS BY FINANCIAL BUSINESS. (2ICAPITAL CONSUMPTION INCLUDES AMOUNTS FOR CONSUMER DURABLES AND EXCLUDES FINANCIAL BUSINESS CAPITAL CONSUMPTION. (3IEXCESS OF NET INVESTMENT OVER NET FUNDS RAISEO MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. 8 9 11 ffUGUST, 1972 CREDIT MARKET SUPPLY OF FUNDS CREOIT MARKET SUPPLY OF FUNOS OIRECT AND INDIRECT SOURCES OF FUNDS TO CREDIT MARKETS ANNUAL FLOWS, 1946-54 ANNUAL FLOWS, 1946-54 1946 1947 1948 1949 195G 1951 1952 1953 1954 -5.418 15.796 12.998 16.143 24.261 22.591 28.867 27.970 25.490 1 1.116 -1.630 -230 96 2.88Q 2.963 -1.512 -41 131 4.385 3.085 1.340 87 77 1.581 -2.915 -4.183 486 -82 864 4.260 3.011 304 383 562 4.757 3.003 615 101 1.038 3.659 2.031 474 -47 1.201 2.415 1.792 357 88 178 -4 31 -478 84 -85 48 2 3 4 5 6 2.831 79 -813 -981 4.288 195 -887 -633 1.376 357 439 1.290 -32 -4.567 394 733 460 1.824 1.243 1.298 417 3.025 17 1.490 123 926 1.120 562 61 1.200 592 -314 316 -865 432 7 8 9 10 295 116 275 -112 381 227 47 -3 -35 ll -6.239 -21.524 68 1.135 4.921 9.257 96 12.949 -5.603 1.412 2.741 5.643 8.887 131 10.188 -6.774 2.169 4.428 5.826 4.616 77 18.946 6.648 2.582 2.799 4.979 1.856 -82 20.382 -3.809 3.332 1.885 8.676 10.681 383 18.061 -3.214 2.178 3.566 7.222 8.410 101 25.255 2.900 2.742 4.675 7.023 7.868 -47 25.552 5.250 4.448 3.229 7.827 4.886 88 25.886 2.864 6.043 3.423 9.796 3.675 -85 12 13 14 15 16 17 18 574 -6.533 2.929 4.593 -415 10.346 3.223 2.560 4.613 -50 6.694 -2.600 2.252 5.480 1.562 14.605 5.773 2.510 5.281 1.041 16.922 6.320 3.271 6.005 1.326 15.966 6.994 2.971 5.781 220 23.087 9.242 4.978 7.450 1.417 20.099 3.892 5.811 8.554 1.842 24.818 9.424 6.457 8.407 530 19 20 21 22 23 574 13.561 792 10.346 7.358 806 6.694 614 1.132 14.605 2.983 880 16.922 7. 508 1.809 15.966 10.732 549 23.087 11.215 1.374 20.099 9.480 1.661 24.818 13.842 531 24 25 26 -13.779 -541 -21.521 3.427 4.856 2.182 -398 -1.646 3.679 547 4.948 681 995 4.076 -804 10.742 294 733 4.068 5.647 7.605 612 -265 4.923 2.335 4.685 -163 553 4.955 -660 10.498 526 1.582 5.993 2.397 8.958 80 -795 6.654 3.019 10.445 842 26 6.729 2.848 27 28 29 30 31 32 DIRECT LENDING IN CR. MKTS. 33 U.S.GOVT. SECURITIES 34 MUNICIPAL SECURITIES 35 CORPORATE+FGN. BONDS 36 COMMERCIAL PAPER 37 OTHER -6.021 -7.282 -297 -929 61 2.426 3.409 1.322 440 -785 96 2.336 4.626 1.309 1.128 -62 134 2.117 5.221 2.957 1.03 7 -396 126 1.495 5.269 3.082 999 -787 -40 2.015 2.644 173 559 59 78 1.775 3.542 216 1.118 60 151 1.997 7.114 2.953 2.376 -50 324 1.511 1.599 -2.437 2.617 -269 55 1.633 32 33 34 35 36 37 38 DEPOSITS + CURRENCY 39 TIME + SAVINGS ACCOUNTS 13.821 6.492 7.104 3.606 208 2.533 2.322 2.820 7.490 2.591 11.674 5.020 12.386 7.914 10.069 8.612 13.613 9.936 36 39 7.329 7.069 260 3.498 3. 752 -254 -2.325 -1.919 -406 -498 163 -661 4.899 4.917 -18 6.654 5.712 942 4.472 3.301 1.171 1.457 868 589 3.677 3.906 -229 40 41 42 7.800 10.513 4.834 7.543 12.759 14.318 15.928 17.183 15.212 43 -20.598 -9.200 -1.522 18.757 79.898 -1.031 23.734 65.704 1.120 -18.057 77.087 688 17.559 83.024 1.855 21.057 88.400 -146 12.675 91.415 1.646 8.634 78.659 672 -1.690 95.874 1.2 74 44 45 46 2.406 297 2.109 3.032 531 2.501 2.288 408 1.880 2.581 522 2.059 1 2 3 701 1.705 1 .474 1.558 1.298 990 1.747 834 4 5 1945 1 TOTAL FUNDS ADVANCED IN CREDIT MARKETS TO NONFINANCIAL SECTORS BY PUBLIC AGENCIES AND FOREIGN 2 TOTAL NET ADVANCES 3 U.S.GOVT. SECURITIES 4 RESIDENTIAL MORTGAGES 5 FHLB ADVANCES TO S+L'S 6 OTHER LOANS ♦ SECURITIES BY AGENCY— 7 U.S. GOVT. SPONSORED CREDIT AGENCIES 8 9 FEDERAL RESERVE FOREIGN 10 AGENCY BORROWING NOT IN LINE 1 11 913 PRIVATE DOMESTIC FUNDS ADVANCED 12 TOTAL NET ADVANCES 13 U.S.GOVT. SECURITIES 14 MUNICIPAL SECURITIES 15 CORPORATE+FGN. BONDS 16 RESIDENTIAL MORTGAGES 17 OTHER MORTGAGES ♦ LOANS LESS—FHLB ADVANCES 18 PRIVATE FINANCIAL INTERMEDIATION----19 20 21 22 23 CREDIT MARKET FUNDS ADVANCED BY PRIVATE FINANCIAL INSTITUTIONS COMMERCIAL BANKING SAVINGS INSTITUTIONS INSURANCE + PENSION FUNDS OTHER FINANCE 24 SOURCES OF FUNDS 25 DOMESTIC DEPOSITS 26 CREDIT MARKET BORROWING 27 28 29 30 31 OTHER SOURCES FOREIGN FUNDS TREASURY BALANCES INSURANCE+PENSION RES. OTHER, NET PRIVATE DOMESTIC NONFINANCIAL INVESTORS----- 40 41 42 43 MONEY DEMAND DEPOSITS CURRENCY TOTAL OF CREDIT MARKET INSTR., DEPOSITS, + CURRENCY 44 PUBLIC SUPPORT RATE (?) 45 PVT.FIN.INTERMEDIATION «?» 46 TOTAL FOREIGN FUNDS CORPORATE EQUITIES NOT INCLUDED ABOVE 1 TOTAL NET ISSUES 2 MUTUAL FUND SHARES 3 OTHER EQUITIES 1.393 282 I.Ill 1.380 209 1.171 1.204 96 1.108 1.616 327 1.289 1.728 239 1.489 4 ACQ. BY FINANCIAL INST. 5 OTHER NET PURCHASES 338 1.055 415 965 361 843 878 738 990 738 MONEY AMOUNTS ARE IN MILLIONS OF OOLLARS. < AUGUST, 1972 CREOIT MARKET SUPPLY OF FUNOS CREDIT MARKET SUPPLY OF FUNDS OIRECT AND INDIRECT SOURCES OF FUNDS TO CREDIT MARKETS ANNUAL FLOWS, 1955-64 ANNUAL FLOWS, 1955-64 1956 1957 1958 1959 1960 1961 1962 1963 1964 27.521 28.122 39.096 49.526 35.386 44.093 52.830 58.203 66.217 1 2.525 1.058 360 550 557 3.035 1.230 562 -189 1.432 1.763 -581 1.196 37 1.111 3.956 2.289 109 33 1.525 7. 192 3.418 1.895 836 1.043 4.117 1.463 1.002 -153 1.805 4.659 1.891 257 681 1.830 6.996 3.603 90 817 2.486 6.614 3.804 -1.274 1.305 2.779 7.751 3.493 -183 541 3.900 2 3 4 5 6 792 1.016 -252 969 667 1.026 195 1.147 614 1.299 -701 551 1.496 319 2.104 37 1.778 2.224 315 2.875 1.003 1.187 738 1.189 1.628 1.033 1.481 517 2.022 1.616 1 .984 1.374 1.507 1.554 2.856 697 2.768 736 3.381 866 7 8 9 10 1.007 738 1.120 56 2.274 638 681 1 .499 1.447 544 11 34.477 -905 5.159 2.589 12.914 15.270 550 25.224 -6.585 3.795 3.858 10.789 13.178 -189 27.479 -354 4.413 6.662 7.902 8.893 37 35.196 6.666 5.494 6.547 11.174 5.348 33 44.608 5.551 6.065 3.484 12.960 17.384 836 31.907 -3.179 5.244 3.954 11.219 14.516 -153 40.115 5.712 5.247 5.076 13.700 11.061 681 47.333 4.668 5.323 5.519 15.785 16.855 817 53.036 1.649 5.911 4.849 19.693 22.239 1.305 59.010 3.163 5.707 4.253 20.385 26.043 541 12 13 14 15 16 17 18 CREDIT MARKET FUNDS ADVANCED BY PRIVATE FINANCIAL INSTITUTIONS 24.937 COMMERCIAL BANKING 4.570 SAVINGS INSTITUTIONS 8. 129 INSURANCE * PENSION FUNDS 8.445 OTHER FINANCE 3. 793 22.249 6.C06 7.304 8.429 510 23.027 5.306 7.189 8.950 1.582 32.043 14.900 9.005 8.911 -773 28.842 5.247 10.714 9.978 2.903 31.867 8. 848 9.485 9. 706 3.828 37.753 14.820 11.910 9.993 1.030 48.139 19.131 14.013 11.344 3.651 49.636 17.440 17.364 11.544 3.288 56.959 23.403 16.183 12.453 4.920 19 20 21 22 23 24.937 10.751 4.631 22.249 10.912 412 23.027 11.035 1.168 32.043 20.534 -338 28.842 10.739 3.820 31.867 14.185 2.633 37.753 23.204 2.005 48.139 29.662 3.792 49.636 31.983 6.168 56.959 34.155 4.888 24 25 26 9.555 -181 -463 7.046 3.153 10.925 442 24 7.477 2.982 10.824 30 165 7.702 2.927 11.847 975 352 7.493 3.027 14.283 -660 800 8.435 5. 708 15.049 1.178 895 8.225 4. 751 12.544 1.295 1 8.292 2.956 14.685 524 1.212 8.863 4.086 11.485 1.489 -610 9.947 659 17.916 2.465 -38 10.848 4.641 27 28 29 30 31 1955 I TOTAL FUNDS ADVANCED IN CREOIT MARKETS TO NONFINANCIAL SECTORS 35.995 BY PUBLIC AGENCIES AND FOREIGN 2 TOTAL NET ADVANCES 3 U.S.GOVT. SECURITIES 4 RESIDENTIAL MORTGAGES 5 FHLB ADVANCES TO S+L'S 6 OTHER LOANS + SECURITIES BY AGENCY— 7 U.S. GOVT. 8 SPONSORED CREDIT AGENCIES 9 FEDERAL RESERVE 10 FOREIGN AGENCY BORROWING NOT IN LINE 1 11 PRIVATE DOMESTIC FUNDS ADVANCED 12 TOTAL NET ADVANCES 13 U.S.GOVT. SECURITIES 14 MUNICIPAL SECURITIES 15 CORPORATE+FGN. BONDS 16 RESIDENTIAL MORTGAGES 17 OTHER MORTGAGES + LOANS 18 LESS—FHLB ADVANCES PRIVATE FINANCIAL INTERMEDIATION — 19 20 21 22 23 24 SOURCES OF FUNDS 25 DOMESTIC DEPOSITS 26 CREDIT MARKET BORROWING 27 28 29 30 31 OTHER SOURCES FOREIGN FUNDS TREASURY BALANCES INSURANCE+PENSION RES. OTHER, NET PRIVATE DOMESTIC NONFINANCIAL INVESTORS----32 DIRECT LENDING IN CR. MKTS. 33 U.S.GOVT. SECURITIES 34 MUNICIPAL SECURITIES 35 CORPORATE+FGN. BONDS 36 COMMERCIAL PAPER 37 OTHER 14.171 7.278 3.621 1.036 133 2.103 3.387 -2.567 2.479 836 146 2.493 5.620 -160 2.064 1.065 108 2.543 2.815 -2.627 1.426 1.361 -252 2.907 19.586 12.686 3.771 233 -201 3.097 2.673 -5.177 3.203 750 1.313 2.584 4.367 -600 1.401 193 60 3 2.770 2 .986 1.320 -932 -141 549 2.190 9.568 4.228 2.399 370 852 1.719 6.939 959 1.759 593 1.639 1.989 32 33 34 35 36 37 38 DEPOSITS + CURRENCY 39 TIME + SAVINGS ACCOUNTS ll.lb7 8.595 10.965 9.628 11.005 12.510 20.979 15.762 11.374 10.515 14.129 15.178 23.912 20.475 30.424 28.158 33.714 28.708 36.518 29.084 38 39 2.592 2.156 436 1.337 1.284 53 -1.505 -1.475 -30 5.217 4.772 445 859 224 635 -1.049 -993 -56 3.437 2.729 708 2.266 1.504 762 5.006 3.275 1.731 7.434 5.071 2.363 40 41 42 25.358 14.352 16.625 23.794 30.960 16.802 28.279 33.41C 43.282 43.457 43 7.014 72.329 788 11.027 88.205 1.589 6.269 83.798 581 10.118 9 1.041 1.012 14.521 64.65 6 2.215 11.634 99.874 2.367 10.566 94.111 1.812 13.242 101.702 1.898 11.363 93.589 2.186 11.705 96.524 3.331 44 45 46 40 41 42 43 MONEY DEMAND DEPOSITS CURRENCY TOTAL OF CREDIT MARKET INSTR., DEPOSITS, + CURRENCY 44 PUBLIC SUPPORT RATE (?I 45 PVT.FIN.INTERMEDIATION («) 46 TOTAL FOREIGN FUNDS CORPORATE EQUITIES NOT INCLUDED ABUVE 1 TOTAL NET ISSUES 2 MUTUAL FUNO SHAPES 3 OTHER EQUITIES 2.945 679 2.066 3.75 2 1.094 2.656 3.921 1.173 2.746 3.888 1.430 2.458 4.307 1.736 2.571 3. 4.74 1.491 1.783 4.874 1.899 2.975 2.606 1.843 663 1.089 1.227 -138 3.513 1.873 1 .640 1 2 3 4 ACQ. BY FINANCIAL INST. 5 OTHER NET PURCHASES 1.744 1.2C1 1.548 2.204 2.306 1.613 2.445 1.443 3.325 982 3.49 6 -222 4. 194 680 4.445 -1.939 3.603 -2.514 3.880 -367 4 5 MONEY AMOUNTS ARE IN MILLIONS Of DOLLARS. Line 1. Total funds raised, page 2, excluding corporate equities. 2. Sum of lines 3-6 or 7-10. 6. Includes farm and commercial mortgages. 30. Excludes net investment of these reserves in corporate 31. Mainly retained earnings and net miscellaneous liabilities. Line 12 less line 19 plus line 26. equities. 11. Funds raised by Federally sponsored credit agencies. 32. 12. Line 1 less line 2 plus line 11. 33-37. Lines 13-17 less amounts acquired by private finance. 26 plus line 32. Also line 19 less line excluding subtotals. 17. Includes farm and commercial mortgages. 25. Lines 39 + 41. 26. Excludes equity and investment company shares. Includes line 18. 28. 29. 37 including mortgages. Also sum of lines 27 through 41 42. Mainly an offset to line 43. Lines 32 + 38 or line 44. Line 2/line 1. 45. Line 10/line 12. 46. Line 10 plus 28. 9. 12 less line 27 less line 42. Foreign deposits at commercial banks, bank borrowings from foreign branches, and liabilities of foreign banking Corporate equities agencies to foreign affiliates. Line Demand deposits at commercial banks. 1 and 3 Includes issues by financial institutions. Line AUGUST, 1972 CREDIT MARKET SUPPLY OF FUNDS 9 CRfcDIT MARKET SUPPLY OF FUNDS 9 DIRECT AND INDIRECT SOURCES OF FUNOS TO CREDIT MARKETS ANNUAL FLOWS, 1965-71 ANNUAL FLCWS, 1966 1967 1968 1969 1970 1971 67.738 81.003 98.523 86.931 94.730 142.896 1 8.889 3.707 393 672 4.117 11.942 3.394 2.776 938 4.834 11.258 6. 809 2.063 -2.549 4.935 12.167 3.381 2.811 873 5.102 15.830 859 4.632 4.030 6.309 27.960 15.726 5. 725 1.326 5.183 41.236 33.414 5.654 -2.679 4. 847 2 3 4 5 6 2.773 2.231 3.828 57 4.911 5.117 3.479 -1.565 4.552 -93 4.eoi 1.998 4.937 3.241 3.719 270 2.876 9.032 4.223 -301 2.829 9. 880 4.981 10.270 3.179 2.802 8.848 26.407 7 8 9 10 2.114 4.825 -621 3.476 8.783 8.686 3.851 11 63.279 -49 7.295 5.999 18.626 32.080 672 60.621 5.359 5.748 10.339 11.644 28.469 938 69.124 5.705 8.306 16.002 13.102 23.460 -2.549 89.832 13.312 10.C84 13.802 15.753 37.754 873 79.884 4.642 7.94 3 12.580 15.758 42.991 4.030 75.456 5.837 13.849 20.464 12.867 23.76 5 1.326 105.511 -3.991 20.234 20.028 29.153 37.408 -2.679 12 13 14 15 16 17 18 CREDIT MARKET FUNDS ADVANCED BY PRIVATE 62.498 FINANCIAL INSTITUTIONS COMMERCIAL BANKING 29.121 14.336 SAVINGS INSTITUTIONS INSURANCE + PENSION FUNOS 13.582 5.459 OTHER FINANCE 44.677 17.038 7.941 15.036 4.662 62.773 35.937 14.958 12.370 -492 75.036 38.991 15.631 13.853 6.561 53.970 18.943 14.215 12.242 8.570 70.224 31.562 16.577 17.593 4. 492 105.762 49.764 41.640 12.009 2.349 19 20 21 22 23 1965 1 1965-71 TOTAL FUNDS ADVANCED IN CREDIT MARKETS 70.054 TO NONFINANCIAL SECTORS 1972 1973 1974 eY PUBLIC AGENCIES AND FOREIGN 2 TOTAL NET AOVANCES 3 U.S.GOVT. SECURITIES 4 RESIDENTIAL MORTGAGES 5 FHLB ADVANCES TO S+L»S 6 OTHER LOANS + SECURITIES BY AGENCY— 7 U.S. GOVT. 8 SPONSORED CREDIT AGENCIES 9 FEOERAL RESERVE 10 FOREIGN AGENCY BORROWING NOT IN LINE 1 11 PRIVATE DCMESTIC FUNDS ADVANCED 12 TOTAL NET ADVANCES 13 U.S.GOVT. SECURITIES 14 MUNICIPAL SECURITIES 15 CORPORATE+FGN. BONDS 16 RESIDENTIAL MORTGAGES 17 OTHER MORTGAGES ♦ LOANS 18 LESS—FHLB ADVANCES PRIVATE FINANCIAL INTERMEDIATION----- 19 2C 21 22 23 24 SOURCES OF FUNOS 25 DOMESTIC OEPOSITS 26 CREDIT MARKET BORROWING 62.498 38.549 6.781 44.677 21.167 2.980 62.773 49.371 -559 75.036 46.140 6.911 53.970 2.501 16.764 70.224 60.412 1.810 105.762 92.305 4.455 24 25 26 27 28 29 3C 31 17.168 787 -985 11.419 5.94 7 20.530 3.655 -533 13.199 4.209 13.961 2.271 242 11.777 -329 21.985 2.603 -224 11.185 8.421 34.705 9.333 44 10.268 15.060 8.0C2 -8.435 2.884 13.546 7 9.002 -3.294 2.231 8.217 1.848 27 28 29 30 31 7.562 2.255 2.563 1.414 498 832 18.924 8.752 2.697 2.451 2.C01 3.023 5.792 -1.311 -1.997 5.282 1.464 2.354 21.707 7.667 335 5.050 4.434 4.221 42.678 16.011 6.713 7.553 8.653 3.748 7.042 -7.589 1.385 10.368 -1.214 4.092 4.204 -13.052 5.722 8.550 -2.062 5.046 32 33 34 35 36 37 40.667 32.721 23.145 20.343 51.484 39.292 48.571 33.964 5.349 -2.226 63.893 56.242 95.697 81.331 38 39 7.946 5.828 2.118 2.802 824 1.978 12.192 10.079 2.113 14.607 12.176 2.431 7.575 4.727 2.848 7.651 4. 170 3.481 14.366 10.974 3.392 40 41 42 48.229 42.069 57.276 70.278 48.027 70.935 99.901 43 12.688 98.765 844 17.629 73.698 2.090 13.898 90.812 4.269 12.349 83.529 2.873 18.209 67.560 9.032 29.515 93.066 1.835 28.857 100.237 23.113 44 45 46 OTHER SOURCES FOREIGN FUNDS TREASURY BALANCES INSURANCE+PENSION RES. OTHER, NET PRIVATE DOMESTIC NONFINANCIAL INVESTORS----- 32 DIRECT LENDING IN CR. MKTS. 33 U.S.GOVT. SECURITIES 34 MUNICIPAL SECURITIES 35 CORPORATE+FGN. BONDS 36 COMMERCIAL PAPER 37 OTHER 38 DEPOSITS + CURRENCY 39 TIME + SAVINGS ACCOUNTS 40 41 42 43 MONEY OEMAND DEPOSITS CURRENCY TOTAL OF CREDIT MARKET INSTR., DEPOSITS, + CURRENCY 44 PUBLIC SUPPORT RATE (II 45 PVT.FIN.INTERMEDIATION (I) 46 TOTAL FOREIGN FUNDS CORPORATE EQUITIES NOT INCLUOED ABOVE 1 TOTAL NET ISSUES MUTUAL FUND SHARES 2 3 OTHER EQUITIES 4 ACQ. BY FINANCIAL INST. 5 OTHER NET PURCHASES MJNFY AMOUNTS ARE IN MILLIONS OF DOLLARS 3. 374 3.114 260 4.632 3.716 916 4.876 2.559 2.317 3.986 4.731 -745 10.284 5. 545 4. 739 9.463 2.594 6. 869 14.778 1.309 13.469 1 2 3 5.711 -2.337 5.955 -1.323 8.377 -3.501 9.471 -5.485 12.819 -2.535 11.355 -1.892 19.136 -4.358 4 5 AUGUST, 1972 HOUSEHOLDS HOUSEHOLDS 10 10 SECTOR STATEMENTS OF SAVING ANO INVESTMENT ANNUAL FLOWS, 1946-54 ANNUAL FLOWS, 1946-54 1945 1946 1947 1949 1948 1950 1951 1953 1952 1954 HOUSEHOLDS, PERSONAL TRUSTS, ANO NONPROF IT ORGANIZATIONS 1 PERSONAL INCOME 2 LESS: PERSONAL TAXES+NONTAXES 178.728 18.709 191.264 21.433 210.216 21.078 207. 151 18.569 227.616 20.678 255.595 29.012 272.455 34.143 288.163 35.599 290.136 32.691 1 2 « DISPOSABLE PERS. INCOME LESS: PERSONAL OUTLAYS « PERSONAL SAVING, NIA BASIS ♦ CREDITS FROM GOVT. INSUR. ♦ CAPITAL GAINS DIVIDENDS ♦ NET DURABLES IN CONSUMPTION 160.019 144.835 15.184 1.811 70 5.787 169.831 162.500 7.331 1.769 30 7.532 189.138 175.777 13.361 1.483 25 7.136 188.562 179.195 9.387 1.671 20 7.030 206.938 193.862 13.076 1.781 56 10.198 226.583 209.331 17.252 1.594 100 5.506 238.312 220.160 18.152 2.012 80 3.579 252.564 234.259 18.305 1.890 64 6.395 257.445 241.045 16.400 1.612 130 4.872 3 4 5 6 7 8 9 « NET SAVING 10 ♦ CAPITAL CONSUMPTION 11 > GROSS SAVING 22.852 11.510 34.362 16.662 14.560 31.222 22.005 17.397 39.402 18.108 19.604 37.712 25.111 22.540 47.651 24.452 26.767 51.219 23.823 28.609 52.432 26.654 30.041 56.695 23.014 31.535 54.549 9 10 11 12 GROSS INVESTMENT 13 CAPITAL EXPENO. (NET OF SALES 14 RESIDENTIAL CONSTRUCTION 15 CONSUMER OUR ABLE GOOOS 16 NONPROFIT PLANT ♦ EQUIP. 37.491 21.755 5.541 15.757 457 35.388 29.376 8.326 20.394 656 40.460 35.822 12.105 22.677 1.040 38.341 36.606 10.703 24.628 1.275 49.365 47.542 15.632 30.477 1.433 56.166 46.947 15.782 29.648 1.517 55.342 45.983 15.252 29.334 1.397 60.357 50.929 16.204 33.248 1.477 59.118 51.468 16.757 32.836 1.875 12 13 14 15 16 15.736 20.301 6.012 13.649 4.638 13.223 1.735 9.989 1.823 16.069 9.219 18.898 9.359 22.005 9.428 22.542 7.650 19.980 17 18 3 4 5 6 7 8 17 18 NET FINAN. INVESTMENT NET ACQ. OF FINAN. ASSETS 19 20 DEPOSITS ♦ CR.MKT.INSTR.(11 DEMANO OEPOSITS * CURRENC 9.633 3.828 4.253 -1.370 1.750 -2.730 2.796 -1.927 4.665 2.344 8.143 3.168 11.934 2.076 12.680 1.093 12.205 1.611 19 20 21 22 23 SAVINGS ACCOUNTS AT COMMERCIAL BANKS AT SAVINGS INSTITUTIONS 6.313 3.595 2.718 3.447 1.189 2.258 2.262 283 1.979 2.666 142 2.526 2.490 54 2.436 4.868 1.765 3.103 7.829 2.787 5.042 8.283 2.518 5.765 9.274 2.622 6.652 21 22 23 24 25 26 27 28 29 CREOIT MKT. INSTRUMENTS U.S. GOVT. SECURITIES STATE ANO LOCAL OBLIG. COMMERCIAL PAPER CORPORATE AND FGN. BOND MORTGAGES -508 -1.201 34 43 -891 1.507 2.176 1.136 442 38 -755 1.315 2.218 312 1.006 -99 -161 1.160 2.055 1.047 691 -9 -421 747 -169 -551 548 -16 -830 680 107 -991 338 52 -186 894 2.029 260 1.099 -24 -59 753 3.304 242 2.001 88 -34 1.007 1.3 20 -1.934 2.477 -30 -384 1.191 24 25 26 27 28 29 30 31 INVESTMENT CO. SHARES OTHER CORP. SHARES 282 837 209 907 96 891 327 432 239 496 297 1.288 531 1.026 408 527 522 177 30 31 32 33 LIFE INSURANCE RESERVES PENSION FUNO RESERVES 3.775 1.515 3.125 2.229 2.793 2.461 2.701 2.848 2.920 3.941 2.641 3.517 2.782 4.869 2.964 4.951 2.659 5.192 32 33 34 35 36 NET INV. IN NONCORP. ?US. SECURITY CREDIT MISCELLANEOUS 3.417 39 803 2.461 -73 538 .4.843 -6 395 46 7 48 370 3.204 269 335 2.506 -78 584 315 -179 72 7 412 -6 606 -1.424 312 337 34 35 36 37 38 39 40 41 42 43 44 NET INCREASE IN LIABILITIES CREOIT MKT. INSTRUMENTS HOME MORTGAGES OTHER MORTGAGES INSTALLMENT CONS. CR. OTHER CONSUMER CREOIT BANK LOANS N.E.C. OTHER LOANS 4.565 7.101 3.775 180 1.710 1.009 465 -38 7.637 7.833 4.301 254 2.523 691 -32 96 8.585 8.736 5.030 400 2.301 548 273 184 8.254 7.872 4.066 484 2. 594 323 161 244 14.246 13.343 7.392 535 3.113 994 1.058 251 9.679 9.729 7.124 556 591 650 523 285 12.646 12.153 6.442 495 4.109 699 310 98 13.114 12.497 7.652 512 3.602 271 170 290 12.330 11.056 8.628 653 563 508 444 260 37 38 39 40 41 42 43 44 -2.666 65 65 -364 87 81 -284 82 51 272 41 69 700 100 103 -129 0 79 179 238 76 463 62 92 1.099 88 87 45 46 47 -3.129 -4.166 -1.058 -629 -1.714 -4.947 -2.910 -3.662 -4.569 48 MEMORANDA: NET PHYSICAL INVESTMENT: (A) RESIDENTIAL CONSTRUCTION EXPENDITURES 49 LESS: CAPITAL CONSUMPTION 50 HOME MORTGAGES 51 « EXCESS NET INVESTMENT 52 5.541 1.317 3.775 449 8.326 1.457 4.301 2.568 12.105 1.597 5.030 5.478 10.703 1.718 4.066 4.919 15.632 1.937 7.392 6.303 15.782 2. 250 7. 124 6.408 15.252 2.431 6.442 6.379 16.204 2.724 7.652 5.828 16.757 3.069 8.628 5.060 49 50 51 52 (81 CONSUMER DURABLES EXPENDITURES LESS: CAPITAL CONSUMPTION - NET INVESTMENT 15.757 9.970 5.787 20.394 12.862 7.532 22.677 15.541 7.136 24.628 17.598 7.030 30.477 20.279 10.198 29.648 24.142 5.506 29.334 25.755 3.579 33.248 26.853 6.395 32.836 27.964 4.872 53 54 55 2.719 3.068 3.214 4.318 2.849 4.287 2.917 4.113 4.107 6.091 1.241 4.265 4.808 -1.229 3.873 2.522 1.071 3.801 56 57 457 223 180 54 656 241 254 161 1.040 259 400 381 1.275 268 484 503 1.433 324 535 574 1.517 375 556 586 1.397 421 495 479 1.477 464 512 501 1.875 502 653 720 58 59 60 61 10.467 9.488 11.205 4.316 10.026 7.G64 8.963 4.977 9.084 6.318 11.350 7.613 12.531 7.616 12.353 7.247 11.267 6.370 62 63 21.224 16.191 20.667 19.819 22.624 22.437 21.809 22.275 21.046 64 CAPITAL EXPENDITURES ACQ. OF FINANCIAL ASSETS NET INCR. IN LIABILITIES CREDIT MKT.- BORROWING 13.437 12.539 2.819 4.366 17.115 7.952 4.449 4.563 18.789 6.935 4.503 4.5b2 19.238 5.249 4.337 4. 137 22.771 7.696 6.823 6.391 20.565 6.278 4.240 4.261 19.127 9.153 5.260 5.055 20.009 8.856 5.152 4.910 19.857 7.708 4.757 4.265 65 66 67 68 69 (2IDISPOSABLE INCOME ADJ. 161.900 171.63C 190.646 190.273 208.775 228.277 240.404 254.518 2 59.187 69 45 46 47 48 SECURITY CREOIT TRADE OEBT MISCELLANEOUS DISCREPANCY (IIEXCLUOES CORPORATE EQUITIES 53 54 55 56 57 LESS: CONSUMER CREDIT » EXCESS NET INVESTMENT 58 59 60 61 (Cl NONPROFIT PLANT ♦ EQUIPMENT EXPENDITURES LESS: CAPITAL CONSUMPTION NONPROFIT MORTGAGES « EXCESS NET INVESTMENT PERCENT RATIOS: 62 EFFECTIVE TAX RATE 63 SAVING RATE, NIA BASIS 64 66 67 68 PER CENT OF DISPOSABLE INCOME ADJ.(21: GROSS SAVING (NIA DISPOSABLE INCOME ♦ GOVT. INSURANCE CRtDITS ♦ CAPITAL GAINS DIVIO.I MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST, 1972 HOUSEHOLDS HOUSEHCLDS SECTOR STATEMENTS OF SAVING AND INVESTMENT 11 11 ANNUAL FLOWS, 1955-64 ANNUAL FLOWS, 1955-64 1955 1956 1957 1958 1959 I960 1961 1962 196 3 1944 HOUSEHOLDS, PERSONAL TRUSTS, ANO NONPROFIT ORGAN IZATI UNS 1 PERSONAL INCOME 2 LESS: PERSONAL TAXES+NONTAXES 310.889 35.541 333.006 39.827 351.101 42.577 361. 174 42.348 383.530 46.213 400.953 50.909 416.814 52.390 442.617 57.35C 465.487 60.883 497.462 59.360 1 2 = DISPOSABLE PERS. INCOME LESS: PERSONAL OUTLAYS x PERSONAL SAVING, NIA BASIS ♦ CREOITS FROM GOVT. INSUR. * CAPITAL GAINS OIVIOENOS 4 NET OURABLES IN CONSUMPTION 275.348 259.526 15.822 1.813 222 9.910 293.179 272.610 20.569 2.570 293 5.890 308.524 287.785 20.739 2.152 284 4.915 318.826 296.550 22.276 2.494 316 553 33 7.31 7 318.258 19.059 2.984 42 7 5.500 350.044 333.025 17.019 3.280 416 5.076 364.424 343.273 21.151 3.459 499 2.871 385.267 363.677 21.590 3.642 502 6.687 4 04.6 04 384.661 19.943 3.699 472 8.914 438.096 411.903 26.183 4.160 556 11.207 3 4 5 6 7 8 9 « NET SAVING 1C 4 CAPITAL CONSUMPTION ll < GROSS SAVING 27.767 33.750 61.517 29.322 37.427 66.749 28.090 40.759 68.849 25.639 42.626 68.265 27.970 44.495 72.465 25.791 46.317 72.108 27.980 47.811 75.791 32.421 49.781 82.202 33.028 52.418 85.446 42.111 55.929 98.040 9 10 11 12 GROSS INVESTMENT 13 CAPITAL EXPEND. (NET OF SALES 14 RESIDENTIAL CONSTRUCTION 15 CONSUMER DURABLE GOOOS NONPROFIT PLANT 4 EQUIP. 16 67.700 62.633 21.132 39.639 1.862 73.176 61.202 20.180 38.920 2.102 74.507 61.220 18.057 40.795 2.368 75.680 57.657 17.253 37.881 2.523 78.151 68. 269 21.373 44.306 2.590 75.929 67.816 19.717 45.294 2.805 80.898 64.729 17.569 44.180 2.980 85.777 71.468 18.717 49.540 3.211 92.522 76.310 18.996 53.928 3.386 103.012 82.241 19.3 35 59.237 3.669 12 13 14 15 16 17 18 5.067 25.711 11.974 28.380 13.287 26.064 18.023 30.481 9.882 31.864 8.113 25.885 16.169 33.098 14.309 35.271 16.212 43.305 20.771 48.887 17 18 3 4 5 6 7 8 NET FINAN. INVESTMENT NET ACQ. OF FINAN. ASSETS 19 20 DEPOSITS 4 CR.MKT.INSTR.(11 DEMAND OEPOSITS 4 CURRENC 17.687 762 17.167 1.569 15.905 -1.262 17.915 2.390 24.105 2.231 17. 330 379 22.845 2.629 26.067 933 33.789 3.628 36.053 4.501 19 20 21 22 23 SAVINGS ACCOUNTS AT COMMERCIAL BANKS AT SAVINGS INSTITUTIONS 8. 758 1.648 7.110 9.584 2.300 7.284 12.127 5.213 6.914 14.056 5.315 8.741 11.325 2.840 8.485 11.433 1.786 9.647 16.538 5.363 11.175 25.687 12.629 13.058 24.622 9.500 15.122 27.381 11.607 15.774 21 22 23 24 25 26 27 28 29 CREDIT MKT. INSTRUMENTS U.S. GOVT. SECURITIES STATE ANO LOCAL OBLIG. COMMERCIAL PAPER CORPORATE AND FGN. BOND MORTGAGES 8.167 2.545 3.361 47 1.058 1.156 6.034 1.222 2.355 -9 939 1.527 5.040 291 1.816 8 1.030 1.695 1.469 -2.871 800 147 1.079 2.314 10.549 5.505 3.043 -54 269 1.786 5.518 138 3.477 -224 169 1.958 3.678 -519 1.392 813 333 1.659 -553 303 -1.044 -165 -616 969 5.539 3.935 1.548 1 -264 319 4.171 1.989 1.977 -21 -91 317 24 25 26 27 28 29 30 31 INVESTMENT CO. SHARES OTHER CORP. SHARES 879 195 1.094 854 1.173 293 1.430 67 1.736 -1.105 1.491 -1.916 1.899 -1.542 1.843 -3.891 1.227 -3.966 1.873 -1.948 30 31 32 33 LIFE INSURANCE RESERVES PENSION FUND RESERVES 2.821 5.581 3.426 6.190 2.713 6.740 2.912 7.088 2.927 8.511 3.164 8.447 3.373 8.803 3.712 9.097 4.141 9.723 4.316 10.916 32 33 34 35 36 NET INV. IN NONCORP. BUS. SECURITY CREDIT MISCELLANEOUS -1.798 -121 46 7 -674 -17 320 -1.080 12 308 531 262 2 76 -4.647 -167 504 -3.255 148 476 -2.864 55 529 -2.066 34 475 -2.134 —4 529 -3.150 -53 880 34 35 36 37 38 39 40 41 42 43 44 NET INCREASE IN LIABILITIES CREOIT MKT. INSTRUMENTS HOME MORTGAGES OTHER MORTGAGES INSTALLMENT CONS. CR. OTHER CONSUMER CREDIT BANK LOANS N.E.C. OTHER LOANS 20.644 19.735 12.197 629 5.338 1.028 251 292 16.406 16.119 11.201 703 2.814 690 374 337 12.777 12.888 8.757 784 2.148 489 187 523 12.458 11.021 8.845 818 -226 384 714 486 21.982 21.453 12.560 814 5.605 810 1.001 66 3 17.772 17.705 10.781 867 3.721 876 567 893 16.929 15.310 10.915 900 923 918 903 751 20.962 20.779 12.709 951 4.829 1.010 499 781 27.093 24.785 14.750 977 6.766 1.152 423 717 28.116 27.867 15.985 1.041 7.206 1.323 1.446 866 37 38 39 40 41 42 43 44 685 83 141 -43 143 187 -408 123 174 1.157 154 126 14 297 218 -138 13 192 1.336 148 133 -126 154 155 1.957 165 186 -205 268 186 45 46 47 -6.183 -6.427 -5.658 -7.415 -5.686 -3.821 -5.107 -3.575 -7.076 -4.972 48 49 5C 51 5? MEMORANDA: NET PHYSICAL INVESTMENT: (Al RESIDENTIAL CONSTRUCTION EXPENDITURES LESS: CAPITAL CONSUMPTION HCME MORTGAGES = EXCESS NET INVESTMENT 21.132 3.476 12.197 5.459 20.180 3.810 11.201 5.169 18.057 4.231 8.757 5.069 17.253 4.580 6.845 3.828 21.373 4.930 12.560 3.913 19.717 5.257 10.781 3.679 17.569 5.607 10.915 1.047 18.717 5.960 12.709 48 18.996 6.359 14.750 -2.113 19.335 6.789 15.985 -3.439 49 50 51 52 53 54 55 (9) CONSUMER DURABLES EXPENDITURES LESS: CAPITAL CONSUMPTION x net investment 39.639 29. 729 9.910 38.920 33.030 5.890 40.795 35.880 4.915 37.881 37.328 553 44.306 38.806 5.500 45.294 40.218 5.076 44.ISO 41.309 2.871 49.540 42.853 6.687 53.928 45.014 8.914 59.237 48.030 11.207 53 54 55 45 46 47 48 SECURITY CREOIT TRADE DEBT MISCELLANEOUS DI SCREPANCY (1IEXCLUOES CORPORATE EQUITIES 56 57 LESS: CONSUMER CREDIT « EXCESS NET INVESTMENT 6.366 3.544 3.504 2.386 2.637 2.278 159 395 6.415 -915 4.597 479 1.841 1.030 5.839 848 7.918 996 8.529 2.678 56 57 58 59 60 61 (Cl NONPROFIT PLANT ♦ EQUIPMENT EXPENDITURES LESS.: CAPITAL CONSUMPTION NONPROFIT MORTGAGES « EXCESS NET INVESTMENT 1.862 545 629 688 2. 102 587 703 812 2.368 648 784 936 2.523 718 818 987 2.590 789 814 987 2.805 842 86 7 1.096 2.980 895 900 1.185 3.211 968 951 1.292 3.386 1.045 977 1.364 3.669 1.110 1.041 1.518 58 59 60 61 11.432 5.746 11.959 7.015 12.126 6.722 11.725 6.986 12.049 5.650 12.696 4.861 12.569 5.803 12.957 5.603 13.079 4.929 11.933 5.977 62 63 PER CENT OF 01SPOSABLE'INCOME AOJ. (2 It 22.177 GROSS SAVING 22.547 22.140 21.224 21.267 20.384 20.574 21.109 20.902 22.140 64 18.572 11.040 6.349 6.293 65 66 67 68 442.812 69 PERCENT RATIOS: 62 EFFECTIVE TAX RATE 63 SAVING RATE, NIA BASIS 64 20.036 9.351 6.451 6.296 19.171 7.317 5.024 5.005 17.571 8.984 4.595 4.156 18.352 9.057 5.383 5.336 18.667 10.593 6.627 6.063 277.383 296.042 310.960 321.636 340.728 69 (2101SPOSABLE INCOME AOJ. (NIA DISPOSABLE INCOME ♦ GOVT • INSURANCE CREOITS ♦ ICAPITAL GAINS DIVIO,,1 353.740 368.382 389.411 408.775 65 66 67 68 CAPITAL EXPENDITURES ACQ. OF FINANCIAL ASSETS NET INCR. IN LIABILITIES CREDIT MKT. BORROWING 22.579 9.269 7.442 7.114 MONEY AMOUNTS ARE IN MILLIONS OF OOLLARS. 20.673 9.586 5.541 5.444 19.687 8.381 4.108 4.144 17.926 9.476 3.873 3.426 AUGUST, 1972 HOUSEHOLDS HOUSEHOLDS SECTOR STATEMENTS OF SAVING AND INVESTMENT 12 12 ANNUAL FLOWS, 1965-71 ANNUAL FLOWS, 1965-71 1965 1966 1967 1968 1969 HOUSEHOLDS , PERSONAL TRUSTS, 1970 1971 1972 1973 1974 ANO NONPROFIT ORGANIZATIONS 1 PERSONAL INCOME 2 LESS: PERSONAL TAXES+NONTAXES 538.893 65.653 587.216 75.364 629.335 82.994 688.924 97.927 750.921 116.535 806.261 116.737 861.382 117.007 1 2 3 4 5 6 7 8 473.240 444.808 28.432 4.792 939 14.791 511.852 479.325 32.527 5.206 1.318 15.151 546.341 505.975 40.366 5.355 1.690 12.434 590.997 551.239 39.758 6.014 2.458 16.659 634.386 596.174 38.212 6.627 2.536 16.231 689.524 634.678 54.846 9.242 923 9.851 744.375 683.448 60.927 9.759 776 16.152 3 4 5 6 7 8 9 = NET SAVING 10 + CAPITAL CONSUMPTION 11 = GROSS SAVING 48.954 59.853 108.807 54.202 64.306 118.508 59.845 69.910 129.755 64.889 77.157 142.046 63.606 84.834 148.440 74.862 91.334 166.196 87.614 98.519 186.133 9 10 11 12 GROSS INVESTMENT 13 CAPITAL EXPEND. (NET OF SALES 14 RESIDENTIAL CONSTRUCTION 15 CONSUMER DURABLE GOODS 16 NONPROFIT PLANT ♦ EQUIP. 113.648 89.550 19.097 66.308 4.145 126.662 94.197 18.941 70.752 4.504 131.890 94.635 17.001 73.120 4.514 143.471 109.658 21.091 84.032 4.535 144.571 117.839 21.960 90.790 5.089 174.413 115.345 19.592 90.499 5.254 181.448 134.921 25.843 103.482 5.596 12 13 14 15 16 24.098 54.270 32.465 56.105 37.255 60.984 33.813 68.618 26.732 57.564 59.068 80.528 46.527 91.297 17 18 17 18 = DISPOSABLE PERS. INCO.ME LESS: PERSONAL OUTLAYS = PERSONAL SAVING, NIA BASIS + CREDITS FROM GOVT. INSUR. + CAPITAL GAINS DIVIDENDS + NET DURABLES IN CONSUMPTION NET FINAN. INVESTMENT NET ACQ. OF FINAN. ASSETS 19 20 OEPOSITS + CR.MKT.INSTR.(11 DEMANO OEPOSITS ♦ CURRENC 39.318 7.871 40.497 2.570 46.827 11.136 55.814 12.568 42.926 3.539 61.088 6.137 70.465 8.482 19 20 21 22 23 SAVINGS ACCOUNTS AT COMMERCIAL BANKS AT SAVINGS INSTITUTIONS 28.025 14.859 13.166 20.457 13:i63 7.294 34.783 18.086 16.697 30.372 17.378 12.994 6.068 -1.901 7.969 44.542 27.555 16.987 73.533 32.727 40.806 21 22 23 24 25 26 27 28 29 CREDIT MKT. INSTRUMENTS U.S. GOVT. SECURITIES STATE AND LOCAL OBLIG. COMMERCIAL PAPER CORPORATE ANO FGN. BOND MORTGAGES 3.422 1.736 1.699 28 725 -766 17.470 8.354 3.700 2.226 1.872 1.318 908 -819 -1.658 -2.314 4.757 942 12.874 . 4.503 -193 1.973 4.814 1.777 33.319 12.081 7.630 5.944 5.705 1.959 10.409 -4.401 1.978 -1.807 12.413 2.226 -11.550 -22.640 4.928 -3.867 7.598 2.431 24 25 26 27 28 29 30 31 INVESTMENT CO. SHARES OTHER CORP. SHARES 3.114 -5.051 3.716 -4.734 2.559 -6.758 4.731 -12.313 5.545 -9.645 2.594 -5.183 1.309 -6.518 30 31 32 33 LIFE INSURANCE RESERVES PENSION FUND RESERVES 4.785 12.267 4.635 14.356 4.984 14.437 4.541 15.358 4.900 15.828 5. 172 19.548 6.627 20.244 32 33 34 35 36 NET INV. IN NONCORP. BUS. SECURITY CREDIT MISCELLANEOUS -1.942 506 1.273 -3.532 -49 1.216 -3.633 1.103 1.465 -2.034 ' 724 1.797 -3.304 -804 2.118 -4.792 -483 2.584 -3.219 -31 2.420 34 35 36 37 38 39 40 41 42 43 44 NET INCREASE IN LIABILITIES CREDIT MKT. INSTRUMENTS HOME MORTGAGES OTHER MORTGAGES INSTALLMENT CONS. CR. OTHER CONSUMER CREDIT BANK LOANS N.E.C. OTHER LOANS 30.172 28.832 15.234 1.175 8.632 1.414 1.439 938 23.640 23.213 12.310 1.257 6.215 1.014 373 2.044 23.729 19.747 10.497 1.194 3.387 1.202 2.147 1.320 34.805 31.858 14.879 1.135 8.964 2.095 3.070 1.715 30.832 32.409 16.072 1.276 8.279 999 2.798 2.985 21.460 22.372 12.547 1.360 2.992 1.341 1.531 2.601 44.770 41.668 24.569 1.448 8.384 2.051 3.877 1.339 37 38 39 40 41 42 43 44 847 229 264 -208 279 356 3.287 40 7 288 2.103 489 355 -2.452 489 386 -1.894 552 430 2.086 566 450 45 46 47 -4.841 -8.154 -2.135 -1.425 3.869 -8.217 4.685 48 49 50 51 52 MEMORANDA: NET PHYSICAL INVESTMENT: (AJ RESIDENTIAL CONSTRUCTION EXPENDITURES LESS: CAPITAL CONSUMPTION HOME MORTGAGES = EXCESS NET INVESTMENT 19.097 7.143 15.234 -3.280 18.941 7.422 12.310 -791 17.001 7.844 10.497 -1.340 2 1.091 8.302 14.879 -2.090 21.960 8.684 16.072 -2.796 19.592 8.989 12.547 -1.944 25.843 9.388 24.569 -8.114 49 50 51 52 53 54 55 (BI CONSUMER DURABLES EXPENDITURES LESS: CAPITAL CONSUMPTION = NET INVESTMENT 66.308 51.517 14.791 70.752 55.601 15.151 73.120 60.686 12.434 84.032 67.373 16.659 90.790 74.559 16.231 90.499 80.648 9.851 103.482 87.330 16.152 53 54 55 45 46 47 48 SECURITY CREOIT TRADE OEBT MISCELLANEOUS DISCREPANCY (1IEXCLUDES CORPORATE EQUITIES 56 51 LESS: CONSUMER CREOIT = EXCESS NET INVESTMENT IC.046 4.745 7.229 7.922 4.589 7.845 11.059 5.600 9.278 6.953 4.333 5.518 10.435 5. 71 7 56 57 58 59 60 61 (Cl NONPROFIT PLANT + EQUIPMENT EXPENDITURES LESS: CAPITAL CONSUMPTION NONPROFIT MORTGAGES = EXCESS NET INVESTMENT 4.145 1.193 1.175 1.777 4.504 1.283 1.257 1.964 4.514 1.380 1.194 1.940 4.535 1.482 1.135 1.918 5.089 1.591 1.276 2.222 5.254 1.697 1.360 2.197 5.596 1.801 1.448 2.34 7 58 59 60 61 12.182 6.007 12.834 6.354 13.187 7.388 14.214 6. 727 15.518 6. 023 14.478 7.954 13.583 8.184 62 63 PER CENT OF DISPOSABLE INCOME ADJ . ( 21 : 22.716 GROSS SAVING 22.861 23.44/ 23.695 23.065 23.752 24.656 64 16.696 11.330 6.299 6.019 18.171 10.F23 4.560 4.478 17.1C I li.c2: 4.28 7 3.568 I 8.292 11.446 5.805 5.31^ 18.310 8.944 4.790 5.035 16.465 11.5., 3.067 3.197 17.672 12.093 5.930 5. 519 65 66 67 68 99.469 643.5^-9 699.669 754.910 69 PERCENT RATIOS: 62 EFFECTIVE TAX RATE 63 SAVING RATE, NIA BASIS 64 65 66 67 6E CAPITAL EXPENDITURES ACQ. OF FINANCIAL ASSETS NET INCR. IN LIABILITIES CREDIT MKT..BORROWING 553.386 Slfc.o76 478.971 69 (2IDISP0SABLE INCOME ADJ. (NIA DISPOSABLE INCOME + GOVl . INSURANCE CR EDITS + ( . APITAL G< MONEY AMOUNTS ARE IN MlLLIUNS OF OCULARS *'S CI VID. I AUGUST, 1972 TOTAL + NONCORP BUSINESS 13 TOTAL ♦ N3NCQRP BUSINESS SECTOR STATEMENTS OF SAVING ANU INVESTMENT ANNUAL FLOWS, ANNUAL FLOWS, 1946-54 1945 1946 1947 1948 1949 NONFINANCIAL 1950 1951 1946-54 1952 1953 1954 BUSINESS - TOTAL 1 2 INCOME BEFORE TAXES GROSS SAVING 57.463 11.594 63.237 17.361 74.884 24.371 67.078 25.737 76.301 25.297 65.610 28.257 82.875 30.047 80.586 30.460 77.969 33.095 1 2 3 4 5 6 7 8 9 GROSS INVESTMENT CAPITAL EXPENDITURES FIXED INVESTMENT BUSINESS PLANT + EQUIPMENT 1-4 FAMILY RESIDENT. CONST OTHER RESIDENTIAL CHANGE IN INVENTORIES 9.789 24.714 18.335 16.632 1.225 478 6.379 14.830 24.815 25.277 22.544 1.672 1.061 -462 20.681 32.589 27.881 25.546 876 1.459 4.708 24.181 23.435 26.510 23.543 1.125 1.842 -3.075 24.019 36.713 29.924 26.167 925 2.832 6. 789 27.845 41.711 31.415 29.963 27 1.425 10.296 29.728 34.839 31.706 29.774 1.029 903 3.133 28.052 34.605 34.158 32.371 623 1.164 447 29.936 32.583 34.126 31.229 1.587 1.310 -1.543 3 4 5 6 7 8 9 1C NET FINANCIAL INVESTMENT FINANCIAL USES OF FUNDS, NET 11 FINAN. SOURCES OF FUNDS, NET 12 13 CORPORATE SHARE ISSUES 14 CREDIT MKT. INSTRUMENTS CORPORATE BONDS 15 16 HOME MORTGAGES 17 OTHER MORTGAGES 18 BANK LOANS N.E.C. 19 OTHER LOANS -14.925 956 15.881 1.056 7.470 953 568 1.600 4.293 56 -9.985 10.364 20.349 1.175 9.375 2.813 784 1.739 3.821 218 -11.908 5.507 17.415 1.048 6.448 4.300 8 1.801 -76 415 746 3.817 3.071 1.296 2.912 2.903 232 1.654 -2.080 203 -12.694 17.229 29.923 1.393 8.48 7 1.624 116 2.050 4.043 654 -13.866 9.061 22.927 1.889 10.314 3.295 -628 2.364 4.498 785 -5.111 4.858 9.969 2.302 8.335 4.684 216 1.833 1.926 -324 -6.553 2.531 9.084 1.817 4.293 3.356 -108 1.794 -1.014 265 -2.647 5.624 8.271 1.575 6.127 3.479 708 2.145 -437 232 10 11 12 13 14 15 16 17 18 19 5.995 1.360 3.830 5.969 3.408 6.511 -7 -I.130 8.615 11.428 2.324 8.400 -200 -468 -216 3.190 4.132 -3.563 20 21 1.805 2.531 3.690 1.556 1.278 412 319 2.408 3. 159 22 20 21 TRADE OEBT OTHER LIABILITIES 22 DISCREPANCY FARM BUSINESS I 2 3 4 5 6 NET INCOME NET SAVING CAPITAL CONSUMPTION NONCORPORATE CORPORATE CURRENT SURP. = GROSS SAVING 14.928 67 1.223 1.205 18 1.290 15.202 51 1.603 1.580 23 1.654 17.505 42 2.058 2.030 28 2.100 12.659 24 2.364 2.331 33 2.388 13.498 40 2.664 2.627 37 2.704 15.838 7 3. 145 3.099 46 3.152 14.986 -28 3.324 3.270 54 3.296 13.048 -45 3.454 3.398 56 3.409 12.430 -5 3.421 3.362 59 3.416 1 2 3 4 5 6 7 8 9 10 11 GROSS INVESTMENT CAPITAL EXPENDITURES PLANT AND EQUIPMENT RESIDENTIAL CONSTRUCTION CHANGE IN INVENTORIES 1.290 2.183 1.638 516 29 1.654 1.561 2.629 692 -1.760 2.100 5.983 3.385 866 1.732 2.388 3.618 3.650 834 -866 2.704 5.263 3.693 781 789 3.152 5.816 3.768 811 1.239 3.296 5.226 3.479 760 987 3.409 3.859 3.722 758 -621 3.416 4.562 3.273 703 5 86 7 8 9 10 11 12 13 14 15 16 17 NET FINAN. INVESTMENT NET.INCR.IN FINAN. ASSETS OEMAND DEP. AND CURRENCY MISCELLANEOUS ASSETS INSURANCE RECEIVABLES EQUITY IN SP0N.AGS.12I -893 1.857 1.800 57 97 -40 93 1. 184 1. 100 84 108 -24 -3.883 90 0 90 91 -1 -1.230 -424 -500 76 74 2 -2.559 33 0 33 31 2 -2.666 259 200 59 56 3 -1.930 -13 -100 87 83 4 -450 -23 -100 77 71 6 -1.146 -27 -100 73 68 5 12 13 14 15 16 17 2.750 363 137 255 -29 -73 44 1.091 468 167 301 0 -108 108 3.973 658 224 353 81 -40 121 806 39 2 291 103 -2 -15 13 2. 592 1.058 492 475 91 16 75 2.925 1.287 580 596 111 -45 156 1.917 790 585 173 32 14 18 427 -100 501 -581 -20 232 -252 1.119 772 509 150 113 63 50 18 19 20 21 22 23 24 230 393 339 2.976 194 220 283 1.251 436 1.202 145 982 -217 744 101 246 25 26 18 19 20 21 22 23 24 25 26 NET INCREASE IN LIABILITIES CREDIT MARKET INSTRUMENTS MORTGAGES BANK LOANS N.E.C. OTHER LOANS U.S.GOVT. FICB+BKS FOR COOPS 57 TRADE DEBT 2.330 PROPRIETOR NET INVESTMENT (21 SHARES IN FICB'S, BANKS FOR COOPS, ANO LAND BANKS. NONFARM NONCORPORATE BUSINESS 1 NET INCOME 25.900 25.005 27.932 27.739 29.477 31.983 33.219 33.688 33.838 1 2 3 CAPITAL CONSUMPTION CURRENT SURP. = GROSS SAVING 2.476 2.476 3. 120 3. 120 3.618 3.618 4.267 4.267 4.654 4.654 5.220 5.220 5.591 5.591 5.922 5.922 6.352 6.352 2 3 4 5 6 7 8 9 10 GROSS INVESTMENT CAPITAL EXPENDITURES FIXED CAPITAL PLANT + EQUIPMENT MULTI-FAMILY RESID. HOME CONSTRUCTION CHANGE IN INVENTORIES 2.476 4.611 4.228 3.634 239 355 383 3.120 6.032 5.974 4.954 530 490 58 3.618 6.329 5.406 4.672 729 5 923 4.267 4.509 4.997 3.930 921 146 -488 4.654 7.344 6.167 4.679 1.416 72 1.177 5.220 5.976 5.471 5.151 712 -392 505 5.591 5.183 5.268 4.682 451 135 -85 5.922 6.105 5.849 5.336 581 -68 256 6.352 6.377 6.579 5.483 654 442 -202 4 5 6 7 8 9 10 11 12 13 14 15 16 17 NET FINANCIAL INVEST. NET ACQUIS. OF FINAN. ASSET DEMAND OEP. + CURRENCY CONSUMER CREDIT MISCELLANEOUS ASSETS INSURANCE RECEIVABLES EQUITY IN SPON. AGS. -2.135 485 11 334 140 139 1 -2.912 856 364 330 162 158 4 -2.711 345 -152 364 133 130 3 -242 722 366 256 100 99 1 -2.690 801 223 48 8 90 89 1 -756 1.487 1.039 297 151 149 2 408 259 -348 403 204 2 03 1 -183 316 -52 178 190 189 1 -25 817 5 30 92 195 194 1 ll 12 13 14 15 16 17 18 19 20 21 22 23 NET INCREASE IN LIABILITIES CREDIT MARKET INSTRUMENTS MORTGAGES HOME MORTGAGES MULTI-FAMILY COMMERCIAL 2.620 1.351 571 284 175 112 3.768 1.391 757 392 259 106 3.056 501 512 4 438 70 964 681 720 116 584 20 3.491 1.653 804 58 737 9 2.243 896 401 -314 671 44 -149 1.125 572 108 423 41 499 534 334 -54 323 65 842 855 738 354 275 109 18 19 20 21 22 23 553 227 357 277 -323 312 -242 203 415 434 134 361 365 188 69 131 49 68 24 25 182 1.087 309 2.068 688 1.86 7 36 247 -115 1.953 43 1.304 -607 -667 297 -332 1.657 -1.670 26 27 24 25 26 27 BANK LOANS N.E.C. OTHER LOANS TRADE DEBT, NET PROPRIETOR NET INVESTMENT MONEY AMOUNTS ARE IN MILLIONS OF OOLLARS AUGUST, 1972 TOTAL ♦ NONCORP BUSINESS TOTAL + NONCORP BUSINESS SECTOR STATEMENTS OF SAVING ANO INVESTMENT I4 *NNUAL_FL0WS2_1955-64__ 14 ANNUAL FLOWS, 1955-64 ~ 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 BUSINESS - TOTAL NONFINANCIAL 1 2 INCOME BEFORE TAXES GROSS SAVING 88.299 39.263 88.470 39.749 89.253 42.018 87.092 41.186 96.226 47.234 93.432 46.904 95.748 48.197 102.392 54.963 106.934 57.327 115.252 64.980 1 2 3 4 5 6 7 8 9 GROSS INVESTMENT CAPITAL EXPENDITURES FIXED INVESTMENT BUSINESS PLANT + EQUIPMENT 1-4 FAMILY RESIDENT. CONST OTHER RESIDENTIAL CHANGE IN INVENTORIES 33.826 43.807 37.854 35.679 938 1.237 5.953 33.153 47.175 42.480 41.053 153 1.274 4.695 41.530 46.784 45.449 43.346 405 1.698 1.335 32.581 40.507 41.998 38.472 1.239 2.287 -1.491 41.112 50.581 45.824 41.746 846 3.232 4.757 40.286 51.787 48.218 45.088 -194 3.324 3.569 42.262 50.429 48.407 43.331 860 4.216 2.022 47.492 60.449 54.445 47.815 682 5.948 6.004 49.544 63.775 57.909 49.915 1.034 6.960 5.866 56.006 70.168 64.333 56.542 117 7.674 5.835 3 4 5 6 7 8 9 10 NET FINANCIAL INVESTMENT FINANCIAL USES OF FUNDS, NET 11 12 FINAN. SOURCES OF FUNOS, NET CORPORATE SHARE ISSUES 13 14 CREDIT MKT. INSTRUMENTS 15 CORPORATE BONDS 16 HOME MORTGAGES 17 OTHER MORTGAGES 18 BANK LOANS N.E.C. 19 OTHER LOANS -9.981 17.212 27.193 1.944 11.700 2.836 252 3.019 5.026 567 -14.022 4.602 18.624 2.280 12.474 3.615 -424 3.106 5.725 452 -5.254 5.340 10.594 2.440 11.576 6.317 -206 2.667 1.572 1.226 -7.926 12.401 20.327 2.072 11.087 5.683 484 4.360 309 251 -9.469 13.099 22.568 2.244 13.995 2.955 160 5.070 5.083 727 -11.501 2.325 13.826 1.575 12.527 3.456 -646 4.727 2.471 2.519 -8.167 13.032 21.199 2.472 13.943 4.640 206 6. 776 1.381 940 -12.957 11.764 24.721 592 17.359 4.550 70 7.953 3.864 922 -14.231 14.663 28.894 -300 19.650 3.913 364 8.966 4.917 1.490 -14.162 14.430 28.592 1.385 21.189 3.994 -336 9.427 5.490 2.614 10 11 12 13 14 15 16 17 18 19 10.237 3.312 3.993 -123 -1.761 -1.661 7.596 -428 5.412 917 3.643 -3.919 5.902 -1.118 4.274 2.496 7.7 29 1.815 6.794 -776 20 21 5.437 6.596 488 8.605 6. 122 6.618 5.935 7.471 7.783 8.974 22 20 21 TRADE OEBT OTHER LIABILITIES 22 DISCREPANCY FARM BUSINESS 1 2 3 4 5 6 NET INCOME NET SAVING CAPITAL CONSUMPTION NONCORPORATE CORPORATE CURRENT SURP. « GROSS SAVING 7 8 9 10 11 GROSS INVESTMENT CAPITAL EXPENDITURES PLANT ANO EQUIPMENT RESIDENTIAL CONSTRUCTION ■ CHANGE IN INVENTORIES 12 13 14 15 16 17 NET FINAN. INVESTMENT NET.INCR.IN FINAN. ASSEtS DEMAND OEP. ANO CURRENCY MISCELLANEOUS ASSETS INSURANCE RECEIVABLES EQUITY IN SP0N.AGS.12I 18 19 20 21 22 23 24 25 26 NET INCREASE IN LIABILITIESi CREDIT MARKET INSTRUMENTS. MORTGAGES BANK LOANS N.E.C. OTHER LOANS U.S.GOVT. FICB+BKS FOR COOPS 11.418 -25 3.700 3.626 74 3.675 11.395 -23 3.721 3.649 72 3.698 11.283 -28 3.912 3.833 79 3.884 13.434 * -27 4.011 3.913 98 3.984 11.421 -24 4.228 4.121 107 4.204 11.965 -31 4.235 4.111 124 4.204 12.848 -25 4.209 4.062 147 4.184 13.018 11 4.332 4.174 158 4.343 13.103 -159 4.459 4.279 180 4.300 12.135 -47 4.665 4.476 189 4.618 1 2 3 4 5 6 3.675 4.422 3.333 622 467 3.698 3.391 3.089 682 -380 3.884 4.444 3.248 662 534 3.984 5.212 3.731 633 848 4.204 4.366 3.729 645 -8 4.204 4.104 3. 257 614 233 4. 184 4.418 3.537 60 2 279 4.343 5.014 3.706 594 714 4.300 5.691 4.327 579 785 4.618 4.755 4.811 538 -594 7 8 9 10 11 -747 108 0 108 97 11 307 -121 -200 79 66 13 -560 -33 -100 67 56 11 -1.228 366 300 66 56 10 -162 -602 -700 98 82 16 100 -336 -400 64 51 13 -234 85 0 85 69 16 -671 134 100 34 20 14 -1.391 -40 -200 160 145 15 -137 392 200 192 169 23 12 13 14 15 16 17 855 1.441 775 572 94 66 28 -428 859 814 -59 104 50 54 527 1.057 562 384 111 -74 185 1.594 1.364 712 413 239 15 224 -440 1.932 992 694 246 12 234 -436 1.031 737 196 98 -13 111 319 1.593 1.079 243 271 122 149 805 2.298 1.276 782 240 50 190 1.351 2.550 1.629 601 320 61 259 529 2.603 2.120 271 212 64 148 18 19 20 21 22 23 24 235 -765 440 -210 423 -2.795 159 -1.626 266 -1.540 573 -2.066 617 -1.816 339 -2.413 25 26 66 181 TRADE DEBT -767 -1.353 PROPRIETOR NET INVESTMENT I COOPS, AND LANDi BANKS. (21 SHARES IN FICB»S, BANK: NONFARM NONCORPORATE BUSINESS 36.612 37.993 39.731 40.257 42.082 41.200 42.711 44.516 45.249 47.943 1 CAPITAL CONSUMPTION CURRENT SURP. = GROSS SAVING 6.424 6.424 7.124 7.124 7.562 7.562 7.713 7.713 8.056 8.056 8.290 8.290 8.440 8.440 8.801 8.801 9.168 9. 168 9.845 9.845 2 3 4 5 6 7 8 9 10 GROSS INVESTMENT CAPITAL EXPENDITURES FIXED CAPITAL PLANT ♦ EQUIPMENT MULTI-FAMILY RESID. HOME CONSTRUCTION CHANGE IN INVENTORIES 6.424 7.888 7.329 6.554 617 158 559 7.124 7.861 7.670 7.300 635 -265 191 7.562 7.637 7.418 6.699 848 -129 219 7.713 8.019 7.821 6.376 1.142 303 198 8.056 9.281 8.662 6.946 1.615 101 619 8.290 8.643 8.338 6.952 1.790 -404 305 8.440 9.357 9.135 6.556 2.450 129 222 8.801 11.444 10.840 7.106 3.690 44 604 9.168 12.534 11.791 6.973 4.590 228 743 9.845 13.353 12.778 7.619 5.370 -211 575 4 5 6 7 8 9 10 11 12 13 14 15 16 17 NET FINANCIAL INVEST. NET ACQUIS. OF FINAN. ASSET DEMAND DEP. + CURRENCY CONSUMER CREDIT MISCELLANEOUS ASSETS -1.464 608 293 165 150 149 1 -737 761 349 232 130 130 0 -75 1.154 80 7 174 173 163 5 -306 1.388 1.285 -20 123 117 6 -1.225 -527 -934 220 187 179 8 -353 105 -292 258 139 131 8 -917 462 100 196 166 157 9 -2.643 525 0 397 128 116 12 -3.366 531 0 315 216 203 13 -3.508 645 0 391 254 241 13 ll 12 13 14 15 16 17 18 19 20 21 22 23 NET INCREASE IN LIABILITIES; CREDIT MARKET INSTRUMENTS, MORTGAGES 2.072 1.785 684 126 416 142 1.498 1.162 250 -212 290 172 1.229 999 290 -103 228 165 1.694 1.570 1.217 242 762 213 698 2.418 1.219 80 913 226 458 1.667 818 -323 910 231 1.379 2. 301 1.951 103 1.540 308 3.168 3.279 2.219 35 1.800 384 3.897 4.506 2.831 182 2.240 409 4.153 5. 348 3.380 -163 3.270 2 78 18 19 20 21 22 23 612 489 623 239 114 595 171 182 422 777 299 550 327 23 343 717 637 988 4 73 1.495 24 25 1.318 -1.031 -3h3 545 -315 -61 7 741 132 -1.852 420 -1.629 402 -1.324 -ill 0 -291 -318 -458 -737 26 27 1 2 3 NET INCOME INSURANCE RECEIVABLES EQUITY IN SPON. AGS. HOME MORTGAGES MULTI-FAMILY COMMERCIAL 24 25 OTHER LOANS 26 TRAOE D'EBT, NET 27 PROPRIETOR NET BANK LOANS N.E.C. MONEY AMOUNTS ARE INVESTMENT IN MILLIONS OF DOLLARS 679 AUGUST, 1972 TOTAL + NONCORP BUSINESS TOTAL + NONCORP BUSINESS 15 SECTOR STATEMENTS OF SAVING AND INVESTMENT ANNUAL f-LOWS, 1965-71 ANNUAL FLOWS, 1965-71 1965 1966 1967 1968 1969 NONFINANCIAL 1970 1971 1972 1973 1974 BUSINESS - TOTAL 129.534 71.814 139.117 77.139 136.248 78.387 142.449 79.848 139.466 80.438 127.540 79.799 136.733 89.761 I 2 GROSS INVESTMENT CAPITAL EXPENDITURES FIXED INVESTMENT BUSINESS PLANT + EQUIPMENT 1-4 FAMILY RESIDENT. CONST OTHER RESIDENTIAL CHANGE IN INVENTORIES 60.436 84.065 74.445 66.314 706 7.425 9.620 66.572 96.991 82.189 76.088 -650 6.751 14.802 68.481 94.027 85.834 77.772 1.970 6.092 8.193 69.556 99.016 91.951 82.968 905 8.078 7.065 67.952 109.254 101.449 90.772 123 10.554 7.805 72.854 110.135 105.222 93.592 801 10.829 4.913 70.007 117.957 114.335 97.603 2.420 14.312 3.622 3 4 5 6 7 8 9 10 NET FINANCIAL INVESTMENT FINANCIAL USES OF FUNDS, NET 11 12 FINAN. SOURCES OF FUNDS, NET CORPORATE SHARE ISSUES 13 14 CREDIT MKT. INSTRUMENTS CORPORATE BONDS 15 16 HOME MORTGAGES OTHER MORTGAGES 17 BANK LOANS N.E.C. 18 19 OTHER LOANS -23.629 21.214 44.843 24 29.603 5.392 148 9.091 12.348 2.624 -30.419 13.680 44.099 1.180 32.951 10.224 -952 9.680 10.418 3.581 -25.546 18.049 43.595 2.304 35.803 14.658 1.120 9.235 7.988 2.802 -29.460 25.137 54.597 -843 39,974 12.893 284 11.001 10.981 4.815 -41.302 22. 867 64.169 4.303 46.622 12.070 -416 10.980 14.645 9.343 -37.281 12.642 49.923 6.769 42.665 20.261 258 11.680 3.468 6.998 -47.950 23.438 71.388 13.434 49.502 19.399 1.490 19.449 6.429 2.735 10 11 12 13 14 15 16 17 18 19 12.140 3.076 10.097 -129 8.992 -3.504 10.509 4.957 15.114 -1.870 4.535 -4.046 4.069 4.383 20 21 11.378 10.567 9.906 10.292 12.486 6.945 19.754 22 1 2 INCOME BEFORE TAXES GROSS SAVING 3 4 5 6 7 8 9 20 21 TRADE DEBT OTHER LIABILITIES 22 DISCREPANCY FARM BUSINESS 1 2 3 4 5 6 NET INCOME NET SAVING CAPITAL CONSUMPTION NONCORPORATE CORPORATE CURRENT SURP. = GROSS SAVING 7 8 9 10 11 GROSS INVESTMENT CAPITAL EXPENDITURES PLANT AND EQUIPMENT RESIDENTIAL CONSTRUCTION CHANGE IN INVENTORIES 12 13 14 15 16 17 NET FINAN. INVESTMENT NET.INCR.IN FINAN. ASSETS DEMAND OEP. AND CURRENCY MISCELLANEOUS ASSETS INSURANCE RECEIVABLES EQUITY IN SPON.AGS.(2) 18 19 20 21 22 23 24 25 26 14.837 -2 4.981 4.779 202 4.979 16.085 28 5.282 5.052 230 5.310 14.832 -53 5.747 5.469 278 5.694 14.680 16 6.206 5.953 253 6.222 16.741 -25 6.558 6.237 321 6.533 16.878 -159 6.720 6.356 364 6.561 17.328 -37 7.191 6.787 404 7.154 1 2 3 4 5 6 4.979 6.344 4.850 521 973 5.310 5.803 5.421 541 -159 5.694 7.317 6.011 569 737 6.222 6.339 5.673 549 117 6.533 6.645 5.899 643 103 6.561 7.075 6.502 479 94 7.154 9.084 7.296 558 1.230 7 8 9 10 ll -1.365 280 100 180 140 40 -493 207 0 207 161 46 -1.623 363 100 263 214 49 -117 579 200 379 277 102 -112 536 100 436 381 55 -514 604 115 489 438 51 -1.930 508 123 385 315 70 12 13 14 15 16 17 1.645 3.290 2.233 708 349 80 269 700 3.460 2.132 933 395 -12 407 1.986 3.480 2.134 700 646 158 488 696 2.658 2.068 400 190 -53 243 648 3.176 1.942 62 8 606 -15 621 1.118 3.249 1.775 827 647 -52 699 2.438 4.095 2.011 1.342 742 47 695 18 19 20 21 22 23 24 816 -2.310 387 -2.349 690 -3.218 1.066 -3.197 1.415 -3.072 25 26 NET INCREASE IN LIABILITIES CREOIT MARKET INSTRUMENTS MORTGAGES BANK LOANS N.E.C. OTHER LOANS U.S.GOVT. FICB+BKS FOR COOPS 693 866 TRADE DEBT -2.338 -3.626 PROPRIETOR NET INVESTMENT (21 SHARES IN FICB'S, BANKS FOR COOPS, AND LAND BANKS. NONFARM NONCORPORATE BUSINESS 1 NET INCOME 50.741 53.750 56.402 58; 867 59.952 59.893 63.381 1 2 3 CAPITAL CONSUMPTION CURRENT SURP. = GROSS SAVING 10.243 10.243 10.678 10.676 11.242 11.241 11.921 11.921 13.122 13.122 14.153 14.153 15.515 15.515 2 3 4 5 6 7 8 9 10 GROSS INVESTMENT CAPITAL EXPENDITURES FIXEO CAPITAL PLANT + EQUIPMENT MULTI-FAMILY RESID. HOME CONSTRUCTION CHANGE IN INVENTORIES 10.243 14.951 14.211 8.628 5.490 93 740 10.676 14.119 13.531 9.067 5.060 -596 588 11.241 14.733 14.529 9.288 4.540 701 204 11.921 16.494 15.969 9.846 5.943 178 525 13.122 18.561 17.580 10.571 7.269 -260 981 14.153 18.455 18.400 10.634 7.605 161 55 15.515 23.651 22.375 11.476 9.968 931 1.276 4 5 6 7 8 9 10 ll 12 13 14 15 16 17 NET FINANCIAL INVEST. NET ACQUIS. OF FINAN. ASSET DEMAND DEP. + CURRENCY CONSUMER CREDIT MISCELLANEOUS ASSETS INSURANCE RECEIVABLES EQUITY IN SPON. AGS. -4.708 720 0 436 284 271 13 -3.443 866 0 507 359 350 9 -3.492 853 0 451 402 391 11 -4.573 1.216 0 734 482 471 11 -5.439 1.216 0 544 672 659 13 -4.302 1.135 0 451 684 669 15 -8.136 1.257 0 587 670 657 13 11 12 13 14 15 16 17 18 19 20 21 22 23 NET INCREASE IN LIABILITIES CREDIT MARKET INSTRUMENTS MORTGAGES HOME MORTGAGES MULTI-FAMILY COMMERCIAL 5.428 5.727 3.149 74 2.751 324 4.309 5.516 2.365 -476 2.399 442 4.345 4.960 3.709 560 2.800 349 5.789 5.740 3.389 142 2.700 547 6.655 7.486 3.786 -208 3.572 422 5.437 6.40 7 4.871 129 4.338 404 9.393 10.303 7.778 745 6.171 862 18 19 20 21 22 23 941 1.637 1.323 1.828 519 732 1.285 1.066 1.951 1.749 386 1.150 1.756 769 24 25 -695 396 -1.301 94 708 -1.323 -266 315 -745 -86 625 -1.595 -763 -147 26 27 24 25 26 27 BANK LOANS N.E.C. OTHER LOANS TRADE OEBT, NET PROPRIETOR NET INVESTMENT MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST, 1972 CORPORATE BUSINESS CORPORATE BUSINESS 16 16 SECTOR STATEMENTS OF SAVING AND INVESTMENT ANNUAL FLOWS, 1946-54 ANNUAL FLOWS, 1946-54 1945 1946 1948 1947 1949 1950 1951 1952 1953 1954 NONFINANCIAL CORPORATE BUSINESS PROFITS BEFORE TAX - PROFITS TAX ACCRUALS - NET DIVIDENDS PAID = UNDISTRIBUTED PROFITS ♦ FGN. BRANCH PROFITS'" * INV. VALUATION ADJ. ♦ CAPITAL CONSUMPTION ALL. = GROSS INTERNAL FUNOS 21.698 8.577 5.096 8.225 296 -5.263 4.570 7.828 28.929 10.776 5.833 12.320 468 -5.899 5.698 12.587 31.599 11.792 6.423 13.384 582 -2.152 6.839 18.653 24.824 9.465 6.434 8.925 527 1.856 7.774 19.082 38.291 16.643 7.895 13.753 547 -4.965 8.604 17.939 38.988 20.936 7.749 10.303 769 -1.199 10.012 19.885 33.689 17.721 7.791 8.177 797 981 11.205 21.160 34.847 18.410 7.959 8.478 792 -997 12.856 21.129 32.019 15.699 8.215 8.105 939 -318 14.601 23.327 1 2 3 4 5 6 7 8 9 10 11 12 13 14 GROSS INVESTMENT (10 ♦ 151 CAPITAL EXPENDITURES FIXED INVESTMENT PLANT AND EQUIPMENT RESIDENTIAL CONSTRUCTION CHANGE IN INVENTORIES 6.023 17.920 11.953 11.360 593 5.967 10.056 17.222 15.982 14.961 1.021 1.240 14.963 20.277 18.224 17.489 735 2.053 17.526 15.308 17.029 15.963 1.066 -1.721 16.661 24.106 19.283 17.795 1.488 4.823 19.473 29.917 21.365 21.044 321 8. 552 20.841 24.430 22.199 21.613 586 2.231 18.721 24.641 23.829 23.313 516 812 20.168 21.644 23.571 22.473 1.098 -1.927 9 10 11 12 13 14 15 16 NET FINANCIAL INVESTMENT FINANCIAL USES OF FUNDS,NET -11.897 -1.386 -7.166 8.324 -5.314 5.072 2.218 3.519 -7.445 16.395 -10.444 7.315 -3.589 4.612 -5.920 2.238 -1.476 4.834 15 16 -5.194 543 0 -5.729 18 -26 1.539 1.932 0 -488 58 37 1.339 442 0 562 233 102 3.052 1.038 0 1.844 137 33 4.624 1.308 0 3.173 -24 167 2.638 1.637 0 783 26 192 -80 782 0 -1.006 175 -31 1.931 -91 0 1.593 236 193 313 1.779 200 -1.717 85 -34 17 18 19 20 21 22 1 2 3 4 5 6 7 8 17 18 19 20 21 22 LIQUID ASSETS DEMAND DEP. AND CURR. TIME DEPOSITS U.S. GOVT. SECURITIES OPEN-MKT. PAPER STATE AND LOCAL OBLIG. 23 24 25 26 27 28 29 CONSUMER CREDIT TRAOE CREDIT MISCELLANEOUS ASSETS FGN DIRECT INVESTMENT!1 FGN. CURRENCIES INSURANCE RECEIVABLES EQ. IN FED. SPON. AG. 560 2.725 523 230 35 258 0 641 5.132 1.012 749 -17 280 0 543 2.289 901 721 -56 236 0 442 -830 855 660 4 191 0 782 10.275 714 621 58 35 0 504 3.501 672 508 34 130 0 761 2.977 954 852 -16 118 0 246 -833 894 735 39 120 0 270 3.460 791 667 44 80 0 23 24 25 26 27 28 29 30 31 32 33 FINAN. SOURCES OF FUNDS,NET NET FUNOS RAISED IN MKTS. NET NEW SHARE ISSUES OEBT INSTRUMENTS 10.511 6.812 1.056 5.756 15.490 8.691 1.175 7.516 10.386 6.337 1.048 5.289 1.301 3.135 1.296 1.839 23.840 7.169 1.393 5.776 17.759 10.020 1.889 8. 131 8.201 8.722 2.302 6.420 8. 158 5.676 1.817 3.859 6.310 6.075 1.575 4.500 30 31 32 33 953 1.460 284 173 1.003 2.813 1.599 392 258 949 4.300 1.073 4 43 7 632 2.903 875 116 583 176 1.624 870 58 735 77 3.295 755 -314 670 399 4.684 892 108 416 368 3.356 851 -54 317 588 3.479 1.606 354 269 983 34 35 36 37 38 3.485 70 -58 -154 3.163 33 -124 32 -106 -6 42 -14 -1.941 9 -134 127 3. 153 77 74 -22 3. 768 81 214 18 1.388 73 -638 21 -502 27 130 -3 -6 36 223 -25 -147 39 40 41 42 -2.021 5.756 -36 2.457 3.291 1.051 854 2.381 814 -2.380 -237 783 7. 514 8.447 710 4.670 1.845 1.224 -3.253 262 2 .470 599 -296 2.179 -3.283 2.374 1.144 43 44 45 1.805 -3.031 9.985 2.531 1.841 8.164 3.690 -92 10.975 1.556 -593 11.803 1.278 1.828 9.382 412 1.656 16.177 319 2.715 21.746 2.408 -537 18.369 3.159 1.086 18.405 46 47 48 39.167 228.921 32.120 37.249 136.823 43.641 37.317 108.706 26.083 38.128 80.222 12.013 43.464 134.377 23.960 53.698 150.450 27.178 52.601 115.453 26.279 52.830 116.621 15.660 49.030 92.785 20.790 49 50 51 34 35 36 37 38 CORPORATE BONDS!1) MORTGAGES HOME MORTGAGES MULTI-FAMILY COMMERCIAL 39 40 41 42 BANK LOANS N.E.C. OPEN-MKT PAPER FINANCE CO. LOANS U.S.GOVT. LOANS 43 44 45 46 47 48 49 50 51 (11 ' PROFIT TAX LIABILITY TRADE DEBT MISCELLANEOUS LIABILITIES DISCREPANCY MEMO- NET TRADE CREDIT PROFITS TAX PAYMENTS PERCENT RATIOS: EFFECTIVE TAX RATE CAP. OUTLAYS/INT. FUNOS CR.MKT. BORROWING/CAP.EXP. FOREIGN INVESTMENT EXCLUDES AMOUNTS FINANCED BY BOND ISSUES ABROAO, AND BOND ISSUES OUTSIDE THE U. S. ARE EXCLUDED FROM FINANCIAL SOURCES OF FUNOS ABOVE. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS AUGUST, 1972 CORPORATE BUSINESS CORPORATE BUSINESS SECTOR STATEMENTS OF SAVING AND INVESTMENT 17 17 ANNUAL FLOWS, 1955-64 ANNUAL FLOWS, 1955-64 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 NONFINANCIAL CORPORATE BUSINESS PROFITS BEFORE TAX - PROFITS TAX ACCRUALS - NET DIVIDENDS PAIO = UNDISTRIBUTED PROFITS ♦ FGN. BRANCH PROFITS + INV. VALUATION ADJ. + CAPITAL CONSUMPTION ALL. = GROSS INTERNAL FUNDS 42.002 19.787 9.375 12.840 1.070 -1.733 16.987 29.164 41.775 19.710 10.107 11.958 1.218 —2.69^3 18.444 28.927 39.778 18.852 10.367 10.559 1.252 -1.539 20.300 30.572 33.656 16.202 10.166 7.288 1.032 -255 21.424 29.489 43.188 20.726 10.871 11.591 978 -465 22.870 34.974 40.C75 19.482 11.592 9.001 1.C39 192 24.178 34.410 40.241 19.720 11.585 8.936 1.252 -52 25.437 35.573 44.606 20.809 12.749 11.048 1.337 252 29.182 41.819 49.050 22.815 14.209 12.026 1.530 -468 30.771 43.859 55.687 24.235 14.942 16.510 1.769 -513 32.751 50.517 1 2 3 4 5 6 7 8 9 10 11 12 13 14 GROSS INVESTMENT (10 ♦ 15> CAPITAL EXPENDITURES FIXED INVESTMENT PLANT AND EQUIPMENT RESIDENTIAL CONSTRUCTION CHANGE IN INVENTORIES 23.727 31.497 26.570 25.792 778 4.927 22.331 35.923 31.039 30.664 375 4.884 30.084 34.703 34.121 33.399 722 582 20.884 27.276 29.813 28.365 1.448 -2.537 28.852 36.934 32.788 31.071 1.717 4.146 27.792 39.040 36.009 34.879 1. 130 3.031 29v638 36.634 35*133 33.238 1.895 1.521 34.348 43.991 39.305 37.003 2.302 4.686 36.076 45.550 41.212 38.615 2.597 4.338 41.543 52.060 46.206 44.112 2.094 5.854 9 10 11 12 13 14 15 16 NET FINANCIAL INVESTMENT FINANCIAL USES OF FUNDS,NET -7.770 16.496 -13.592 3.962 -4.619 4.219 -6.392 10.647 -8.082 14.228 -11.248 2.556 -7.016 12.485 -9.643 11.105 -9.474 14.172 -10.517 13.393 15 16 1 2 3 4 5 6 7 8 17 18 19 20 21 22 LIQUID ASSETS DEMAND DEP. AND CURR. TIME DEPOSITS U.S. GOVT. SECURITIES OPEN-MKT. PAPER STATE AND LOCAL OBLIG. 5.245 953 -100 4.058 86 248 -4.477 -292 0 -4.463 155 123 -457 34 0 -729 100 138 2.342 1.059 900 303 -399 479 5.446 -887 -400 6.129 -147 751 -4.163 -1.807 2.367 -5.953 1.537 -307 2.442 -46 3.029 -324 -210 -7 3.724 984 1.486 238 714 302 4.795 457 2.443 -46 851 1.090 1.165 5 74 -16 -946 1.660 -107 17 18 19 20 21 22 23 24 25 26 27 28 29 CONSUMER CREDIT TRADE CREDIT MISCELLANEOUS ASSETS FGN DIRECT INVESTMENT!! FGN. CURRENCIES INSURANCE RECEIVABLES EQ. IN FED. SPON. AG. 654 9.633 964 823 -29 168 2 507 5.602 2.330 1.951 9 359 11 297 1.353 3.026 2.442 -7 572 19 567 5.987 1.751 1.181 18 546 6 821 6.023 1.938 1.372 -17 570 13 423 4.007 2.289 1.674 3 591 21 216 7.670 2.157 1.599 88 462 8 716 4.576 2.089 1.654 -125 550 10 1.023 6.240 2.114 1.976 -209 347 0 1.288 8.190 2.750 2.327 103 319 I 23 24 25 26 27 28 29 30 31 32 33 FINAN. SOURCES OF FUNDS,NET NET FUNDS RAISED IN MKTS. NET NEW SHARE ISSUES DEBT INSTRUMENTS 24.266 10.418 1.944 8.474 17.554 12.733 2.280 10.453 8.838 11.960 2.440 9.520 17.039 10.225 2.072 8.153 22.310 11.889 2.244 9.645 13.804 11.404 1.575 9.829 19.501 12.521 2.472 10.049 20.748 12.374 592 11.782 23.646 12.294 -300 12.594 23.910 14.623 1.385 13.238 30 31 32 33 34 35 36 37 38 CORPORATE BONDS!1J MORTGAGES HOME MORTGAGES MULTI-FAMILY COMMERCIAL 2.836 1.812 126 409 1.277 3.615 1.618 -212 284 1.546 6.317 1.609 -103 223 1.489 5.683 2.915 242 756 1.917 2.955 3.019 80 907 2.032 3.456 2.526 -323 771 2.078 4.640 3.952 103 1.074 2.775 4.550 4.528 35 1.036 3.457 3.913 4.870 182 1.003 3.685 3.994 3.591 -168 1.253 2.506 34 35 36 37 38 39 40 41 42 BANK LOANS N.E.C. OPEN-MKT PAPER FINANCE CO. LOANS U.S.GOVT. LOANS 3.842 -279 285 -22 5.161 95 -34 -2 1.074 103 358 59 -2 75 185 -366 11 3.967 -341 18 27 1.976 574 1.220 77 811 355 225 66 2.739 105 -353 213 3.629 -346 480 48 4.746 201 507 199 39 40 41 42 4.097 8.738 1.013 -1.983 4.270 2.534 -2.131 -2.541 1.550 -2.593 7.773 1.634 2.439 4.857 3.125 -2.202 3.064 1.538 1.383 5.234 363 646 3.812 3.916 1.867 7.403 2.082 531 6.913 1.843 43 44 45 5.437 895 16.955 6.596 1.332 22.082 488 3.894 21.327 8.605 -1.786 18.693 6.122 1.166 18.162 6.618 943 21.616 5.935 2.436 17.960 7.471 764 20.433 7.783 -1.163 20.396 8.974 1.277 23.633 46 47 48 47.109 107.999 26.904 47.181 124.184 29.098 47.393 113.512 27.432 48.140 92.495 29.890 47.990 105.604 26.114 48.613 113.455 25.176 49.004 103.038 27.415 46.650 105.193 26.782 46.513 103.855 27.648 43.520 103.054 25.428 49 50 51 43 44 45 46 47 48 49 SC SI (1) PROFIT TAX LIABILITY TRADE DEBT MISCELLANEOUS LIABILITIES DISCREPANCY MEMO- NET TRADE CREDIT PROFITS TAX PAYMENTS PERCENT RATIOS: EFFECTIVE TAX RATE CAP. OUTLAYS/INT. FUNDS CR.MKT. BORROWINGZCAP.EXP. FOREIGN INVESTMENT EXCLUDES AMOUNTS FINANCED BY BOND ISSUES A8R0A0, AND BONO ISSUES OUTSIOE THE U. S. ARE EXCLUDED FROM FINANCIAL SOURCES OF FUNDS ABOVE. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST, 1972 CORPORATE BUSINESS CORPORATE BUSINESS 18 18 SECTOR STATEMENTS OF SAVING ANO INVESTMENT ANNUAL FLOWS, 1965-71 ANNUAL FLOWS, 1965-71 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 NONFINANCIAL CORPORATE BUSINESS 1 PROFITS BEFORE TAX 2 - PROFITS TAX ACCRUALS 3 - NET OIVIDENDS PAIO 4 » UNOISTRIBUTEO PROFIT.S 5 ♦ FGN. BRANCH PROFITS 6 * INV. VALUATION ADJ. 7 ♦ CAPITAL CONSUMPTION ALL. 8 '« GROSS INTERNAL FUNDS 9 10 11 12 13 14 GROSS INVESTMENT (10 ♦ 151 CAPITAL EXPENDITURES FIXED INVESTMENT PLANT AND EQUIPMENT RESIDENTIAL CONSTRUCTION CHANGE IN INVENTORIES 15 16 NET FINANCIAL INVESTMENT fihancial USES OF FUNDS.NET 65.673 27.541 16.814 21.318 1.765 -1.717 35.226 56.592 71.066 30.001 18.143 22.922 1.813 -1.784 38.202 61.153 66.143 28.296 18.824 19.023 2.095 -1.129 41.463 61.452 72.237 33.970 20.801 17.466 2.470 -3.335 45.104 61.705 67.898 33.610 20.690 13.598 2.450 -5.125 49.860 60.783 55.145 26.839 19.863 8.443 2.331 -4.376 52.687 59.085 60.704 29.358 19.451 11.895 2.555 -4.680 57.322 67.092 1 2 3 4 5 6 7 8 45.214 62.770 54.863 52.836 2.027 7.907 50.586 77.069 62.696 61.600 1.096 14.373 51.546 71.977 64.725 62.473 2.252 7.252 51.413 76.183 69.760 67.447 2.313 6.423 48.297 84.048 77.327 74.302 3.025 6.721 52.140 84.605 79.841 76.456 3.385 4.764 47.338 85.222 84.106 78.831 5.275 1.116 9 10 11 12 13 14 -17.556 20.214 -26.483 12.607 -20.431 16.833 -24.770 23.342 -35.751 21.115 -32.465 10.903 -37.884 21.673 15 16 17 18 19 20 21 22 LIQUID ASSETS DEMANO DEP. AND CURR. TIME DEPOSITS U.S. GOVT. SECURITIES OPEN-MKT. PAPER STATE AND LOCAL OBLIG. 2.612 311 2.322 -1.411 470 920 -3.661 318 -1.390 -1.403 -225 -961 4.763 1.532 2.079 -2.287 3.778 -339 5.322 1.074 374 931 2.461 482 -485 1.462 -2.404 -1.270 2.709 -982 -954 331 1.695 -2.948 593 -625 10.557 4.453 639 2.660 1.805 1.000 17 18 19 20 21 22 23 24 25 26 27 28 29 CONSUMER CREDIT TRADE CREDIT MISCELLANEOUS ASSETS FGN DIRECT INVESTMENT!1 FGN. CURRENCIES INSURANCE RECEIVABLES EQ. IN FEO. SPON. AG. 1.182 13.033 3.387 3.277 -312 416 6 1,233 11.314 3.721 3.029 104 565 23 919 7.695 3.456 2.690 84 668 14 1.652 13.942 2.426 1.079 532 789 26 1.255 17.322 3.023 2.225 -414 1.147 65 1.416 6.185 4.256 3.624 -375 896 111 2.014 4.003 5.099 3.389 438 1.249 23 23 24 25 26 27 28 29 30 31 32 33 FINAN. SOURCES OF FUNDS.NET NET FUNOS RAISEO IN MKTS. NET NEW SHARE ISSUES OEBT INSTRUMENTS 37.770 20.610 24 20.586 39.090 25.155 1.180 23.975 37.264 29.667 2.304 27.363 48.112 30.733 -843 31.576 56.866 40.263 4.303 35.960 43.368 39.778 6.769 33.009 59.557 48.538 13.434 35.104 30 31 32 33 5.392 3.857 74 867 2.916 10.224 4.231 -476 725 3.982 14.658 4.512 560 811 3. 141 12.893 5.828 142 767 4.919 12.070 4.836 -208 1.243 3.801 20.261 5.292 129 1.524 3.639 19.399 11.150 745 2.646 7.759 34 35 36 37 38 10.699 -291 635 294 8.162 956 36 366 6.769 1.532 -299 191 9.296 1.645 1.750 164 12.066 2.665 4.206 117 2.255 2.562 2.346 293 3.331 -981 1.979 226 39 40 41 42 2.162 12.142 2.856 205 10.532 3.198 -4.727 7.468 4.856 2.861 10.388 4.130 -3.306 15.169 4.740 -2.706 2.844 3.452 3.991 3.417 3.611 43 44 45 11.378 891 25.758 10.567 782 30.460 9.906 227 32.253 10.292 3.554 31.767 12.486 2.153 37.019 6.945 3.341 31.271 19.754 586 27.744 46 47 48 41.936 110.916 32.795 42.215 126.026 31.108 42.780 117.127 38.016 47.025 123.463 41.447 49.500 138.275 42.785 48.669 143.192 39*015 48.362 127.022 41.191 49 50 51 34 35 36 37 38 CORPORATE BONDS!11 MORTGAGES HOME MORTGAGES MULTI-FAMILY COMMERCIAL 39 40 41 42 BANK LOANS N.E.C. OPEN-MKT PAPER FINANCE CO. LOANS U.S.GOVT. LOANS 43 44 45 46 47 48 49 50 51 (1) PROFIT TAX LIABILITY TRAOE OEBT MISCELLANEOUS LIABILITIES DISCREPANCY MEMO- NET TRADE CREOIT PROFITS TAX PAYMENTS PERCENT RATIOS: EFFECTIVE TAX RATE CAP. OUTLAYS/INT. FUNDS CR.MKT. BORP.OWING/CAP. EXP. FOREIGN INVESTMENT EXCLUOES AMOUNTS FINANCEO BY BOND ISSUES ABROAD, AND BOND ISSUES OUTSIDE THE U. S. ARE EXCLUDED FROM FINANCIAL SOURCES OF FUNDS ABOVE. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST* 1972 GOVERNMENTS GOVERNMENTS SECTOR STATEMENTS OF SAVING ANO INVESTMENT ANNUAL FLOWS, 1946-54 ANNUAL FLOWS, 1946-54 1945 1946 1948 1947 1950 1949 1951 1952 1953 1954 STATE AND LOCAL GOVERNMENTS - GENERAL FUNOS 1 2 3 4 5 6 7 TAX RECEIPTS SOC.INS.+ GRANTS RECD. PURCH.OF GOODS + SERVICES NET INTEREST + TRANSFERS PAID NET SURPLUS, NIA BASIS LESS-RETIREMENT CR. TO HH. EQUALS-GROSS SAVING 8 NET FINANCIAL INVESTMENT 9 NET ACQ.OF FINAN.ASSETS TOTAL DEPOSITS ♦ CURRENCY 10 CURR. AND DEMAND DEPOSIT 11 12 TIME OEPOSITS CREOIT MKT. INSTRUMENTS 13 U.S.GOVT.SECURITIES 14 15 DIRECT U.S.G. AGENCY SEC. 16 17 STATE ♦ LOCAL SEC. 18 OTHER CR.MKT.INSTRUMENTS CORPORATE BONDS 19 20 HOME MORTGAGES TAX RECEIVABLES 21 22 23 24 25 26 27 28 NET INCR.IN LIABILITIES CREDIT MKT. BORROWING STATE + LOCAL OBLIG. SHORT-TERM OTHER U.S.GOVT. LOANS TRADE DEBT 29 DISCREPANCY 11.302 1.596 9.772 1.233 1.893 276 1.617 13.005 2.313 12.562 1.739 1.017 341 676 14.878 2.695 15.038 2.401 134 447 -313 16.291 3.028 17.733 2.309 -723 547 -1.270 17.832 3.306 19.497 2.845 -1.204 688 -1.892 19.601 3.652 21.475 2.217 -439 711 -1.150 21.233 3.977 22.881 2.372 -43 1.011 -1.054 22.867 4.308 24.611 2.418 146 1.286 -1.140 24.180 4.606 27.418 2.481 -1.113 1.493 -2.606 1 2 3 4 5 6 7 38 231 906 727 179 -670 -352 -353 1 -305 -13 -38 25 -5 0 1.582 772 613 159 655 674 673 1 -39 20 -30 50 155 -1.045 1.343 684 413 271 604 435 434 1 20 149 99 50 55 -1.861 736 348 196 152 454 66 65 1 313 75 25 50 -66 -1.995 1.504 477 376 101 852 460 459 1 284 108 43 65 175 -1.117 1.322 460 308 152 735 381 380 1 29 325 245 80 127 -1.530 1.634 473 388 85 1.211 962 1.044 -82 50 199 119 80 -50 -2.123 2.061 705 376 329 1.364 1.118 1.114 4 182 64 -16 80 -8 -4.208 1.650 150 -312 462 1.583 1.214 1.197 17 174 195 115 80 -83 8 9 10 11 12 13 14 15 16 17 18 19 20 21 193 47 68 1 67 -21 146 1.582 1.431 1.412 199 1.213 19 151 2.388 2.239 2.169 165 2.004 70 149 2.597 2.497 2.582 204 2.378 -85 100 3.499 3.399 3.332 393 2.939 67 100 2.439 2.439 2.178 312 1.866 261 0 3.164 3.064 2.742 186 2.556 322 100 4.184 4.084 4.448 142 4.306 -364 100 5.858 5.708 6.043 117 5.926 -335 150 22 23 24 25 26 27 28 1.579 676 732 591 103 -33 476 983 1.602 29 EMPLOYEE RETIREMENT FUNDS ARE IN INSURANCE SECTOR. U.S. GOVERNMENT TOTAL RECEIPTS, NIA BASIS PERSONAL TAXES CORP. PROFITS TAX ACCRUALS INDIRECT TAXES INSURANCE RECEIPTS 39.092 17.166 8.642 7.791 5.493 43.206 19.643 10.664 7.791 5.108 43.301 18.973 11.847 7.970 4.511 38.897 16.137 9.803 8.020 4.937 49.857 18.090 17.000 8.860 5.907 64.020 26.131 21.452 9.352 7.085 67.245 31.031 18.540 10.296 7.378 69.968 32.247 19.457 10.895 7.369 63.798 28.998 16.955 9.733 8.112 1 2 3 4 5 6 7 fl 9 10 ll 12 13 TOTAL EXPENDITURES, NIA BASIS GOODS AND SERVICES GRANTS AND DONATIONS NET INTEREST INSURANCE BENEFITS NET SURPLUS, NIA BASIS LESS-INSURANCE CREDITS TO HH EQUALS-GROSS SAVING 35.569 17.234 11.814 4.173 2.348 3.523 1.535 1.988 29.822 12.544 10.986 4. 169 2.123 13.384 1.428 11.956 34.888 16.515 11.880 4.267 2.226 8.413 1.036 7.377 41.330 20.112 13.323 4.403 3.492 -2.433 1.124 -3.557 40.804 18.403 11.787 4.514 6.100 9.053 1.093 7.960 57.780 37.652 11.063 4.713 4.352 6.240 883 5.357 71.045 51.779 9.735 4.739 4.792 -3.800 1.001 -4.801 76.989 57.034 9.464 4.858 5.633 -7.021 604 -7.625 69.728 47.377 9.826 5.009 7.516 -5.930 119 -6.049 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 1.384 -22.452 -22.723 2.831 0 -346 3.177 14.215 7.462 -552 4.288 0 -93 4.381 8.754 3.790 1.185 1.376 0 46 1.330 -3.289 -67 339 1.290 0 471 819 7.115 7.862 -238 733 0 315 418 5.224 7.251 119 1.298 5 614 679 -4.494 1.160 2.371 1.490 -I 489 1.002 -7.849 -581 -1.532 562 -4 385 181 -5.446 -3.314 -339 -314 1 69 -3 84 14 15 16 17 18 19 20 21 22 NET FINAN. INVESTMENT NET ACQUIS. OF FINAN. ASSET DEMAND DEPOSITS + CURRENC CREDIT MARKET INSTRUMENTS AGENCY SECURITIES MORTGAGES OTHER LOANS EXCESS OF TAX ACCRUALS OVER RECEIPTS OTHER FINANCIAL ASSETS -1.389 -1.171 2.348 1.378 909 320 -2.059 363 7.246 121 4.862 972 -3.637 936 532 -143 -2.923 262 21 22 23 24 25 26 27 28 29 NET INCREASE IN LIABILITIES U.S. GOVT. SECURITIES SAVINGS BONDS DIRECT EXC. SVGS. BDS. BUDGET AGENCY SEC. LIFE+RETIREMENT RESERVES OTHER LIABILITIES -23.836 -23.449 1.216 -24.462 -203 1.535 -1.922 -6.753 -7.231 2.085 -9.279 -37 1.428 -950 -4.964 -5.709 1.601 -8.157 847 1.036 -291 3.222 2.577 1.463 1.025 89 1.124 -479 747 -1.179 252 -809 -622 1.093 833 2.027 -438 -471 170 -137 883 1.582 5.654 4.884 92 4.411 381 1.001 -231 7.268 7.045 198 5.220 1.627 604 -381 2.132 2.421 595 1.741 85 119 -408 23 24 25 26 27 28 29 30 31 DISCREPANCY (13-14) MEMO- CORP. TAX RECEIPTS, NET 604 10.031 -2.259 8.316 -1.377 10.938 -268 11.862 845 9.754 133 16.590 -307 22.177 224 18.925 -603 19.878 30 31 1 2 3 4 5 FEDERALLY SPONSORED CREDIT AGENCIES I CURRENT SURPLUS 2 NET INCREASE IN ASSETS CREDIT MKT. INTRUMENTS 3 U.S.GOVT. SEC. 4 RESIDENTIAL MORTGAGES 5 FARM MORTGAGES 6 7 OTHER LOANS TO COOPS (BCI 8 9 TO FARMERS (FICBI TO S + L'S (FHLB) 10 11 NET INCREASE IN LIABILITIES CREDIT MKT. INSTR. 12 AGENCY SECURITIES 13 U.S.GOVT. LOANS 14 MISCELLANEOUS LIABILITIES 15 16 DISCREPANCY 0 2 6 5 10 9 31 18 18 1 104 79 5 0 -76 150 10 44 96 185 195 -31 0 -72 298 59 108 131 313 357 128 0 -15 244 46 121 77 -10 -32 -3 0 33 -62 7 13 -82 454 460 -77 0 47 490 32 75 383 314 417 55 0 58 304 47 156 101 153 123 67 0 81 -2 5 4 18 -47 228 61 94 0 89 -122 42 -252 88 372 316 260 0 101 -45 -10 50 -85 2 3 4 5 6 7 8 9 10 79 295 295 0 -216 -25 157 116 116 0 41 -26 305 275 275 0 30 -2 -23 -112 -112 0 89 -8 428 381 381 0 47 -16 293 227 227 0 66 -12 122 47 47 0 75 0 211 -3 -3 0 214 1 358 -35 -35 0 393 4 11 12 13 14 15 16 THIS GROUP CONSISTS OF FEDERAL HOME LOAN BANKS, FEDERAL NATIONAL MORTGAGE ASSOCIATION, FEDERAL INTERMEDIATE CREDIT BANKS, BANKS FOR COOPERATIVES, AND FEDERAL LAND BANKS. THESE AGENC1[ES ARE PRIVATELY OWNED ANO ARE EXCLUDED FROM U.S. GOVERNMENT BUDGET ACCOUNTS AS OF 1969 AND FROM U.S. GOVERNMENT FIGURES IN THESE ACCOUNTS FOR ALL YEARS. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST, 1972 GOVERNMENTS GOVERNMENTS SECTOR STATEMENTS OF SAVING AND INVESTMENT 20 ANNUAL FLOWS, 1955-64 ANNUAL FLOWS, 1955-64 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 STATE ANO LOCAL GOVERNMENTS - GENERAL FUNOS 1 2 3 4 5 6 7 TAX RECEIPTS SOC.INS.+ GRANTS RECD. PURCH.OF GOODS + SERVICES NET INTEREST ♦ TRANSFERS PAID NET SURPLUS, NIA BASISLESS-RETIREMENT CR. TO HH. EQUALS-GROSS SAVING 8 NET FINANCIAL INVESTMENT 9 NET ACQ.OF FINAN.ASSETS 10 TOTAL OEPOSITS * CURRENCY 11 CURR. AND OEMAND OEPOSIT 12 TIME DEPOSITS 13 CREDIT MKT. INSTRUMENTS 14 U.S.GOVT.SECURITIES OIRECT 15 16 U.S.G. AGENCY SEC. 17 STATE ♦ LOCAL SEC. 18 OTHER CR.MKT.INSTRUMENTS 19 CORPORATE BONDS 20 HOME MORTGAGES 21 TAX RECEIVABLES 22 23 24 25 26 27 28 NET INCR.IN LIABILITIES CREOIT MKT. BORROWING STATE ♦ LOCAL OBLIG. SHORT-TERM OTHER U.S.GOVT.' LOANS TRADE DEBT 29 DISCREPANCY 26.465 4.928 30.106 2.559 -1.272 1.289 -2.561 29.348 5.348 32.994 2.575 -873 1.404 -2.277 31.682 6.47C 36.585 2.924 -1.357 1.630 -2.987 33.523 8.119 40.564 3.414 -2.336 1.504 -3.840 36.461 9.556 43.346 3.484 -813 1.991 -2.804 40.330 9.526 46.090 3.547 219 2.278 -2.059 43.151 10.447 50.217 3.907 -526 2.450 -2.976 47.107 11.474 53.731 3.914 936 2.524 -1.588 50.470 12.920 58.240 3.964 1.186 2.407 -1.221 54.930 14.531 63.529 4.256 1.676 2.807 -1.131 1 2 3 4 5 6 7 -4.593 728 -255 -192 -63 793 675 648 27 12 106 -22 128 190 -3.585 378 -362 -406 44 749 674 636 38 1 74 -103 177 -9 -3.795 969 458 75 383 600 278 260 18 110 212 35 177 -89 -4.779 1.095 739 -67 806 416 -59 -85 26 147 328 282 46 -60 -5.260 1.090 -298 112 -410 1.263 1.052 1.012 40 -23 234 -36 270 125 -3.552 1.976 775 -603 1.378 1.197 638 568 70 33 526 581 -55 4 -4.193 1.492 629 -279 908 818 243 145 98 16 559 -140 699 45 -2.816 3.143 1.878 893 985 1.172 779 776 3 -190 583 475 108 93 -2.590 3.799 2.821 1.178 1.643 796 339 340 -1 -239 696 6 34 62 182 -2.581 3.660 2.957 1.238 1.719 482 -84 -194 110 -111 677 684 -7 221 8 9 10 11 12 13 14 15 16 17 18 19 20 21 5.321 5.171 5.159 47 5.112 12 150 3.963 3.863 3.795 88 3.707 68 100 4.764 4.564 4.413 164 4.249 151 200 5.874 5.674 5.494 42 7 5.067 180 200 6.350 6.250 6.065 412 5.653 185 100 5.528 5.449 5.244 246 4.998 205 79 5.685 5.473 5.247 221 5.026 2 26 212 5.959 5.827 5.323 222 5.101 504 132 6.389 6.144 5.911 453 5.458 233 245 6.241 5.968 5.707 557 5.150 261 273 22 23 24 25 26 27 28 2.032 1.308 808 2.456 1.493 1.217 1.228 1.369 1.450 29 939 ’ EMPLOYEE RETIREMENT FUNDS ARE IN INSURANCE SECTOR. U.S. GOVERNMENT TOTAL RECEIPTS, NIA BASIS PERSONAL TAXES CORP. PROFITS TAX ACCRUALS INDIRECT TAXES , INSURANCE RECEIPTS 72.086 31.437 20.648 10.674 9.327 77.608 35.170 20.624 11.245 10.569 81.629 37.411 20.183 11.793 12.242 78.680 36.786 18.041 11.498 12.355 89.741 39.900 22.454 12.544 14.843 96.478 43.634 21.726 13.451 17.667 98.274 44.685 21.751 13.603 18.235 106.450 48.609 22.746 14.575 20.520 114.520 51.471 24.640 15.318 23.091 115.037 48.604 26.440 16.148 23.845 1 2 3 4 5 6 7 8 9 10 11 12 13 TOTAL EXPENDITURES, NIA BASIS GOODS AND SERVICES . GRANTS AND DONATIONS NET INTEREST INSURANCE BENEFITS NET SURPLUS, NIA BASIS LESS-INSURANCE CREDITS TO HH EQUALS-GROSS SAVING 68.094 44.090 11.042 4.92 8 8.034 3.992 524 3.468 71.866 45.586 12.03B 5.273 8.969 5.742 1.166 4.576 79.568 49.538 13.101 5.694 11.235 2.061 522 1.539 88.870 53.594 14.889 5.609 14.778 -10.190 990 -11.180 90.988 53.659 15.623 6.433 15.273 -1.247 993 -2.240 93.016 53.531 15.652 7.081 16.752 3.462 1.002 2.460 102.086 57.408 18.280 6.624 19.774 -3.812 1.009 -4.821 110.256 63.389 19.413 7.186 20.268 -3.806 1.118 -4.924 113.857 64.244 20.528 7.740 21.345 663 L.292 -629 118.079 65.166 22.778 8.321 21.814 -3.042 1.353 -4.395 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 3.583 2.832 -270 792 19 270 503 3.597 -505 -288 667 -16 16 667 1.227 -632 136 614 1 277 336 -11.057 -801 308 1.496 -4 408 1.092 -2.681 4.907 658 1.778 -1 1.265 514 1.649 931 1.043 1.003 6 191 806 -5.330 3.019 17 1.628 25 375 1.228 -4.615 3.716 945 2.022 -31 132 1.921 -1.010 3.919 -386 1.507 29 -445 1.923 -2.603 4.504 572 2.768 -18 -105 2.891 14 15 16 17 18 19 20 21 22 NET FINAN. INVESTMENT NET ACQUIS. OF FINAN. ASSET DEMANO OEPOSITS ♦ CURRENC CREOIT MARKET INSTRUMENTS AGENCY SECURITIES MORTGAGES OTHER LOANS EXCESS OF TAX ACCRUALS OVER RECEIPTS OTHER FINANCIAL ASSETS 2.285 25 -2.136 1.252 —2.260 878 -2.383 -222 2.431 40 -1.435 320 722 652 837 -88 1.847 951 1.098 66 21 22 23 24 25 26 27 28 29 NET INCREASE IN LIABILITIES U.S. GOVT. SECURITIES SAVINGS BONDS DIRECT EXC. SVGS. BDS. BUOGET AGENCY SEC. LIFE+RETIREMENT RESERVES OTHER LIABILITIES -751 -788 263 -324 -727 524 -487 -4.102 -5.798 -94 -5.449 -255 1.166 530 -1.859 -2.239 -1.909 -749 419 522 -142 10.256 9.314 -523 9.482 355 990 -48 7.588 7.089 -1.796 9.219 -334 993 -494 -718 -2.051 -265 -1.930 144 1.002 331 8.349 7.211 803 5. 879 529 1.009 129 8.331 7.017 423 5.791 803 1 .118 196 4.929 3.979 1.181 2.907 -109 1.292 -342 7.107 6.273 911 4.477 885 1.353 -519 23 24 25 26 27 28 29 30 31 DISCREPANCY (13-141 MEMO- CORP. TAX RECEIPTS, NET -115 18.363 979 22.760 312 22.443 -123 20.424 441 20.023 811 23.161 509 21.029 -309 21.909 381 22.793 -1.792 25.342 30 31 1 2 3 4 5 FEDERALLY SPONSORED CREOIT AGENCIES 20 21 26 29 35 40 50 59 60 65 1 2 NET INCREASE IN ASSETS CREDIT MKT. INTRUMENTS 3 U.S.GOVT. SEC. 4 RESIDENTIAL MORTGAGES 5 FARM MORTGAGES 6 OTHER LOANS 7 TO COOPS (BCI 8 TO FARMERS (FICB) 9 TO S+L'S (FHLBI 10 963 1.016 127 86 216 587 9 28 550 975 1.026 268 563 244 -49 86 54 -189 1.380 1.299 -83 987 L76 219 -3 185 37 325 319 91 -255 170 313 56 224 33 2.290 2.224 100 669 273 1.182 112 234 836 1.234 1.187 145 853 204 -15 27 ill -153 1.118 1.033 -78 -31 264 878 48 149 681 1.667 1.616 373 -26 224 1.045 38 190 817 1.452 1.554 412 -784 257 1.669 105 259 1.305 704 736 -415 -65 409 807 118 148 641 2 3 4 5 6 7 8 9 10 11 NET INCREASE IN LIABILITIES CREDIT MKT. INSTR. 12 AGENCY SECURITIES 13 U.S.GOVT. LOANS 14 MISCELLANEOUS LIABILITIES 15 16 DISCREPANCY 945 1.007 941 66 -62 2 962 738 443 295 224 8 1.342 1.120 1.400 -280 222 -12 290 56 77 -21 234 -6 2.260 2.274 2.195 79 -14 5 1.203 638 740 -102 565 9 1.072 681 614 67 391 4 1.612 1 .499 1.514 -15 113 4 1.393 1.447 1.536 -89 -54 1 655 544 413 131 111 16 11 12 13 14 15 16 1 CURRENT SURPLUS THIS GROUP CONSISTS OF FEDERAL HOME LOAN BANKS, FEDERAL NATIONAL MORTGAGE ASSOCIATION, FEDERAL INTERMEDIATE CREDIT BANKS, BANKS FOR COOPERATIVES, ANO FEOERAL LAND BANKS. THESE AGFNCIES ARE PRIVATELY OWNED AND ARE EXCLUDED FROM U.S. GOVERNMENT BUDGET ACCOUNTS AS OF 1969 AND FRUM U.S. GOVERNMENT FIGURES IN THESE ACCOUNTS FOR ALL YFAKS. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS AUGUST, 1972 GOVERNMENTS GOVERNMENTS SECTOR STATEMENTS OF SAVING ANU INVESTMENT 21 ANNUAL FLOWS, 1965-71 ANNUAL FLOWS, 1965-71 1965 1966 1967 I960 1970 1969 1971 1972 197: 1974 STATE AND LOCAL GOVERNMENTS - GENERAL FUNDS 59.843 15.609 70.108 4.382 962 3.343 -2.381 65.806 19.366 79.040 4.866 1.266 3.846 -2.580 72.018 21.518 89.387 5.702 -1.553 3.960 -5.513 82.028 25.092 100.793 6.673 -346 4.692 -5.038 92.103 27.610 111.184 7.844 685 5.042 -4.357 102.160 32.799 122.519 9.627 2.813 6.755 -3.942 113.092 38.671 135.002 11.969 4.792 6.845 -2.053 1 2 3 4 5 6 7 8 NET FINANCIAL INVESTMENT 9 NET ACQ.OF FINAN.ASSETS 10 TOTAL DEPOSITS + CURRENCY CURR. AND DEMAND DEPOSIT 11 12 TIME DEPOSITS CREDIT MKT. INSTRUMENTS 13 14 U.S.GOVT.SECURITIES DIRECT 15 16 U.S.G. AGENCY SEC. 17 STATE + LOCAL SEC. 18 OTHER CR.MKT.INSTRUMENTS 19 CORPORATE BONOS 20 HOME MORTGAGES 21 TAX RECEIVABLES -3.353 4.627 1.936 -438 2.374 2.543 1.930 1.344 5 86 -56 669 689 -20 148 -3.833 3.033 513 -763 1.276 2.303 1.801 1.658 143 -42 544 579 -35 217 -5.062 4.037 1.421 -1.009 2.430 2.362 1.795 1.215 580 0 567 525 42 254 -3.987 7.017 3.780 562 3.218 2.573 2.233 1.200 1.033 46 294 236 58 664 -6.492 2.636 -3.827 2.063 -5.890 7.103 5.200 3.507 1.693 65 1.838 1.848 -10 -640 -7.548 6.e26 9.938 -67 10.G05 -2.254 -240 274 -514 32 -2.046 -2.045 -I -858 -5.422 15.627 7.643 484 7.159 7.688 6.928 6.159 769 -206 966 952 14 296 8 9 10 11 12 13 14 15 16 17 18 19 20 21 NET INCR.IN LIABILITIES CREDIT MKT. BORROWING STATE ♦ LOCAL OBLIG. SHORT-TERM OTHER U.S.GOVT. LOANS TRAOE DEBT 7.980 7.608 7.295 639 6.656 313 372 6.866 6.375 5.748 661 5.087 627 491 9.099 8.481 8.306 1.823 6.483 175 618 11.004 10.394 10.084 143 9.941 310 610 9.128 8.689 7.943 2.593 5.350 746 439 14.374 13.926 13.849 3.822 10.027 77 448 21.049 20.599 20.234 4.621 15.613 365 450 22 23 24 25 26 27 28 972 1.253 -451 -1.051 2.135 3.606 3.369 29 1 2 3 4 5 6 7 22 23 24 25 26 27 28 TAX RECEIPTS SOC.INS.+ GRANTS RECD. PURCH.OF GOODS + SERVICES NET INTEREST + TRANSFERS PAID NET SURPLUS, NIA BASIS LESS-RETIREMENT CR. TO HH. EQUALS-GROSS SAVING 29 DISCREPANCY EMPLOYEE RETIREMENT FUNDS ARE IN INSURANCE SECTOR. U.S. GOVERNMENT TOTAL RECEIPTS, NIA BASIS PERSONAL TAXES CORP. PROFITS TAX ACCRUALS INDIRECT TAXES INSURANCE RECEIPTS 124.728 53.810 29.273 16.510 25.135 142.535 61.705 32.072 15.714 33.044 151.217 67.521 30.743 16.290 36.663 175.025 79.653 36.708 17.979 40.685 197.330 94.824 36.621 18.976 46.909 191.576 92.412 30.391 19.316 49.457 199.119 89.573 33.132 20.481 55.933 1 2 3 4 5 6 7 8 9 10 11 12 13 TOTAL EXPENDITURES, NIA BASIS GOODS AND SERVICES GRANTS AND DONATIONS NET INTEREST INSURANCE BENEFITS NET SURPLUS, NIA BASIS LESS-INSURANCE CREDITS TO HH EQUALS-GROSS SAVING 123.497 66.897 24.240 8.700 23.660 1.231 1.449 -218 142.750 77.773 29.049 9.482 26.446 -215 1.360 -1.575 163.594 90.706 30.713 10.186 31.989 -12.377 1.395 -13.772 181.509 98.768 34.106 11.741 36.894 -6.484 1.322 -7.806 189.208 98.781 37.245 13.137 40.045 8.122 1.585 6.537 204.467 96.525 45.286 14.580 48.076 -12.891 2.487 -15.378 220.813 97.760 47.008 13.642 62.403 -21.694 2.914 -24.608 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 -866 3.032 -1.400 2.773 34 -119 2.858 -186 5.449 -86 4.911 1.311 838 2.762 -13.081 2.924 993 4.552 -87 881 3.75 8 -8.417 7.441 -1.680 4.937 135 1.124 3.678 6. 149 3.673 1.143 2.876 -1.300 707 3.469 -15.819 49 2.535 2.829 -97 345 2.581 -25.283 3.777 3.199 3.179 -7 35 3.151 14 15 16 17 18 19 20 21 22 NET FINAN. INVESTMENT NET ACQUIS. OF FINAN. ASSET DEMAND DEPOSITS + CURRENC CREDIT MARKET INSTRUMENTS AGENCY SECURITIES MORTGAGES OTHER LOANS EXCESS OF TAX ACCRUALS OVER RECEIPTS OTHER FINANCIAL ASSETS 1.160 499 -722 1.346 -4.387 1.766 1.699 2.485 -2.554 2.208 -2.993 -2.322 1.131 -3.732 21 22 23 24 25 26 27 28 29 NET INCREASE IN LIABILITIES U.S. GOVT. SECURITIES SAVINGS BONDS DIRECT FXC. SVGS. BDS. BUDGET AGENCY SEC. LIFF+RETIREMENT RESERVES OTHER LIABILITIES 3.898 1.768 635 666 467 1.449 681 5.635 3.633 654 1.686 1.293 1.360 642 16.005 13.005 890 8.023 4.092 1.395 1.605 15.858 13.398 373 9.946 3.079 1.322 1.138 -2.476 -3.646 -386 -891 -2.369 1.585 -415 15.868 12.802 281 12.605 -84 2.487 579 29.060 25.503 2.425 23.598 -520 2.914 643 23 24 25 26 27 28 29 30 31 DISCREPANCY (13-141 MEMO- CORP. TAX RECEIPTS, NET 648 28.113 -1.389 32.794 -691 35.130 611 35.009 388 39.175 441 33.384 675 32.001 30 31 1 2 3 4 5 FEDERALLY SPONSORED CREOIT AGENCIES 1 CURRENT SURPLUS 80 100 73 95 96 70 83 1 2 NET INCREASE IN ASSETS CREDIT MKT. INTRUMENTS 3 U.S.GOVT. SEC. 4 5 RESIDENTIAL MORTGAGES (1) 6 FARM MORTGAGES 7 OTHER LOANS TO COOPS (BCI 8 9 TO FARMERS (FICBI TO S + L'S 1FHLB) 10 2.285 2.231 107 523 563 1.038 97 269 672 5.260 5.117 984 1.876 677 1.580 235 40 7 938 -108 -93 -25 1.126 651 -1.845 216 488 -2.549 3.238 3.241 -108 1.645 517 1.187 71 243 873 9.172 9.032 -245 3.883 588 4. 806 155 621 4.030 10.795 9.880 1.723 5.361 473 2.323 298 699 1.326 3.410 2.802 -1.525 5.598 730 -2.001 -17 695 -2.679 2 3 4 5 6 7 8 9 10 11 NET INCREASE IN LIABILITIES CRFDIT MKT. INSTR. 12 AGENCY SECURITIES (2) 13 14 U.S.GOVT. LOANS 15 MISCELLANECUS LIABILITIES 16 DISCREPANCY 2.230 2.114 1.909 205 116 25 5.214 4.825 5.038 -233 389 54 -150 -621 -554 -67 471 31 3.223 3.476 3.229 247 -253 80 9. 137 8.783 9.066 -283 354 61 10.778 8.686 8.686 0 2.092 53 3.315 3.851 3.851 0 -536 -12 11 12 13 14 15 16 THIS GROUP CONSISTS OF FEDERAL HOME LOAN BANKS, FEDERAL NATIONAL MORTGAGE ASSOCIATION, FEDERAL INTERMEDIATE CREDIT BANKS, BANKS FOR COOPERATIVES, AND FEDERAL LAND BANKS. THESE AGENCIES ARE PRIVATELY OWNED ANU ARE EXCLUDED FROM U.S. GOVERNMENT BUDGET ACCOUNTS AS OF 1969 AND FROM U.S. GOVERNMENT FIGURES IN THESE ACCOUNTS FOR ALL YEARS. MONEY AMOUNTS ARE (1) IN MILLIONS OF DOLLARS. Includes mortgage pools backing GNMA pass-through 1970 1971 452 2.702 Includes GNMA-guaranteed pass-through securities in securities: (2) http://fraser.stlouisfed.org/ amounts shown in footnote I. Federal Reserve Bank of St. Louis AUGUST, 1972 BANKING SYSTEM BANKING SYSTEM SECTOR STATEMENTS OF SAVING AND INVESTMENT 22 22 ANNUAL FLOWS, 1946-54 ANNUAL FLOWS, 1946-54 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 MONETARY AUTHORITIES I CURRENT SURPLUS 82 6 53 34 -15 30 44 41 37 1 2 3 4 5 6 7 8 NET ACQ. OF FINAN. ASSETS GOLD AND FOREIGN EXCHANGE TREASURY CURR. ♦ SDR CTFS. F.R. FLOAT F.R. LOANS TO DOMESTIC BANK CREDIT MKT. INSTRUMENTS U.S. GOVT. SECURITIES -310 464 223 2 -186 -813 -912 1.032 1.946 0 -45 18 -887 -791 2.433 1.48 8 27 6 -1 913 774 -4.406 184 9 -7 -25 -4.567 -4.448 1.280 -1.475 38 834 59 1.824 1.893 2.861 -5 73 -184 -48 3.025 3.023 1.410 490 103 -217 108 926 897 -34 -1.170 82 -32 -114 1.200 1.217 -1.215 -311 91 -127 -3 -865 -982 2 3 4 5 6 7 8 9 10 11 NET INCREASE IN LIABILITIES MEMBER BANK RESERVES VAULT CASH OF COML. BANKS DEMAND DEPOSITS ANO CURRENCY DUE TO U.S. GOVERNMENT DUE TO REST OF THE WORLO CURRENCY OUTSIDE BANKS OTHER -392 224 177 1.026 1.760 170 2.380 2.580 -238 -4.440 -3.916 37 1.295 1.118 159 2.831 2.375 523 1.366 -106 56 -75 210 -241 -1.252 -1.284 -43 9 10 11 -599 -398 260 -56 -459 -374 -254 183 242 227 -406 -25 -315 148 -661 267 -172 -160 -18 368 -444 -113 942 -452 142 26 1.171 77 -552 -130 589 49 252 64 -229 -12 12 13 14 15 12 13 14 15 COMMERCIAL BANKING (11 642 0 643 41 699 56 723 46 756 60 919 80 843 97 897 100 799 130 1 2 NET ACQ. OF FINAN. ASSETS TOTAL BANK CREDIT CREDIT MARKET INSTRUMENTS U.S. GOVT SECURITIES DIRECT AGENCY ISSUES -9.769 -10.199 -6.533 -15.988 -15.935 -53 4.250 2.119 3.223 -5.656 -5.679 23 557 -2.342 -2.600 -5.724 -6.649 92 5 2.504 6.153 5.773 4.513 4.413 100 8.30B 6.593 6.320 -5.214 -4.943 -271 9.656 6.691 6. 994 -496 -470 -26 9.507 9.954 9.242 2.198 1.899 299 4.513 4.395 3.892 1.774 278 1.496 9.629 10.429 9.424 5.650 5.532 118 3 4 5 6 7 8 9 10 11 12 13 OTHER SECURITIES + MTG. STATE AND LOCAL OBLIG CORPORATE BONDS HOME MORTGAGES OTHER MORTGAGES 2.904 429 13 1.701 761 3.057 892 -45 1.727 48 3 1.561 390 -279 1.093 357 1.817 898 171 560 188 3.769 1.597 154 1.525 493 2. 138 1.096 -27 794 275 2.014 1.009 -130 975 160 1.660 657 20 775 208 3.311 1.763 -176 1.275 449 9 10 11 12 13 14 15 16 17 OTHER CR. EXC. SECURITY CONSUMER CREOIT BANK LOANS N.E.C. OPEN-MARKET PAPER' 6.551 1.155 5.183 213 5.822 1.253 4.426 143 1.563 962 561 40 -557 983 -1.603 63 7.765 1.601 5.916 248 5.352 81 4.841 430 5.030 1.913 2.891 226 458 1.529 -1.028 -43 463 -5 451 17 14 15 16 17 0 -3.666 1 -1.105 0 258 1 379 1 272 2 -305 5 707 3 500 14 991 18 19 401 -30 59 1.930 18 183 2.342 -2 559 -3.879 40 190 1.277 36 402 2.898 99 -32 -50 40 -43 7 -31 35 114 -1.327 57 4 70 20 21 22 -10.358 -13.761 -21.521 7.760 3.825 2.243 -1.646 3.889 228 -549 995 -1.544 2.066 788 733 55 7.812 5.526 -265 5.791 9.291 6.599 553 6.046 9.067 5.257 1.582 3.675 4.059 104 -795 899 8.964 4.438 26 4.412 23 24 25 26 1 2 CURRENT SURPLUS PLANT ♦ EQUIPMENT 3 4 5 6 7 8 18 19 CORPORATE EQUITIES SECURITY CREDIT 20 21 22 VAULT CASH ♦ MEM.BK.RES. OTHER INTERBANK CLAIMS MISC. ASSETS 23 24 25 26 NET INCREASE IN LIABILITIES DEMANO DEPOSITS, NET U.S. GOVERNMENT OTHER 27 28 29 30 TIME DEPOSITS LARGE NEG. CD*S OTHER AT COMMERCIAL BKS. AT FGN. BANKING AG. 3.815 0 3.799 16 1.371 0 1.391 -20 600 0 607 -7 493 0 470 23 336 0 316 20 1.736 0 1.721 15 3.118 0 3.066 52 3.463 0 3.413 50 3.831 0 3.782 49 27 28 29 30 31 32 33 34 35 36 37 38 39 F.R. FLOAT BORROWING AT F.R. BANKS OTHER INTERBANK CLAIMS BANK SECURITY ISSUES COMMERCIAL PAPER ISSUES PROFIT TAX LIABILITIES MISCELLANEOUS LIABILITIES LIAB. TO FGN. AFFILIATES OTHER 2 -186 -30 55 0 16 -269 -148 -121 -45 18 18 11 0 -110 319 182 137 6 -1 -2 45 0 48 81 179 -98 -7 -25 40 11 0 44 722 363 359 834 59 36 72 0 117 832 338 494 -184 -48 99 144 0 162 783 460 323 -217 108 40 139 0 178 444 135 309 -32 -114 35 114 0 174 315 -69 384 -127 -3 57 228 0 -26 566 140 426 31 32 33 34 35 36 37 38 39 53 177 314 239 200 474 306 343 4 40 40 DISCREPANCY ( 1» CONSISTS OF CHARTERED COMMERCIAL BANKS, THEIR DOMESTIC AFFILIATES, EDGE ACT CORPORATIONS, AGENCIES OF FOREIGN BANKS, AND BANKS IN U.S. POSSESIONS. EDGE ACT CORPORATIONS AND AGENCIES OF FOREIGN BANKS APPEAR TOGETHER IN THESE TABLES AS "FOREIGN BANKING AGENCIES MONEY AMOUNTS ARE IN MILLIONS OF OOLLARS. AUGUST, 1972 BANKING SYSTEM BANKING SYSTEM 23 SECTOR STATEMENTS OF SAVING ANO INVESTMENT ANNUAL FLOWS, ANNUAL FLOWS, 1955-64 1956 1956 1957 1958 1959 1960 1961 1962 1963 1955-64 1964 MONETARY AUTHORITIES 1 CURRENT SURPLUS 2 3 4 5 6 7 8 NET ACQ. OF FINAN. ASSETS GOLO ANO FOREIGN EXCHANGE TREASURY CURR. ♦ SDR CTFS. F.R. FLOAT F.R. LOANS TO DOMESTIC BANK CREDIT MKT. INSTRUMENTS U.S. GOVT. SECURITIES 9 10 11 NET INCREASE IN LIABILITIES MEMBER BANK RESERVES VAULT CASH OF COML. BANKS DEMAND DEPOSITS AND CURRENCY DUE TO U.S. GOVERNMENT DUE TO REST OF THE WORLD CURRENCY OUTSIDE BANKS OTHER 12 13 14 15 32 53 69 59 -192 29 67 66 56 -467 1 598 -47 23 777 97 -252 -148 512 261 58 80 -82 195 130 25 862 80 -241 25 -701 -677 -193 -2.253 88 -128 -4 2.104 2.108 -12 -1.105 77 294 407 315 302 -1.074 -1.728 87 257 -428 738 736 1.387 -824 187 453 90 1.481 1.497 1.660 -831 -18 603 -78 1.984 1.939 2.161 -397 11 -303 -6 2.856 2.773 3.363 24 -173 6 125 3.381 3.451 2 3 4 5 6 7 8 566 129 213 459 54 579 -44 -25 74 -252 -530 -86 180 -330 -237 -1.103 -1.093 334 1.320 306 341 1.594 67 658 2. 105 -405 623 3.8 30 1.037 -436 9 10 11 -198 -85 436 71 55 -84 53 -198 26 40 -30 -129 -201 -86 445 206 -146 74 635 184 -33 -127 -56 -128 25 68 708 -128 90 -2 762 19 264 -76 1.731 -32 191 53 2.363 622 12 13 14 15 COMMERCIAL BANKING til 1.227 176 1.467 194 1.400 201 1.089 225 1.880 309 1.607 205 1.341 275 1 .544 302 1.727 509 1.916 367 1 2 NET ACQ. OF FINAN. ASSETS TOTAL BANK CREDIT CREDIT MARKET INSTRUMENTS U.S. GOVT SECURITIES DIRECT AGENCY ISSUES 5.502 5.255 4.570 -8.057 -7.223 -834 6.745 5.355 6.006 -2.871 -2.404 -467 5.986 5.359 5.306 -61 -87 26 15.145 15.388 14.900 8.621 8.053 568 4.724 5.494 5.247 -8.393 -7.281 -1.112 9.622 9.192 8.848 2.177 1.791 386 17.038 15.950 14.820 5.830 5.161 669 21.957 20.054 19.131 1.369 -56 1.425 19.211 18.422 17.440 -2.696 -3.037 341 26.072 23.869 23.403 390 -208 598 3 4 5 6 7 8 9 10 11 12 13 OTHER SECURITIES ♦ MTG. STATE AND LOCAL OBLIG CORPORATE BONDS HOME MORTGAGES OTHER MORTGAGES 2.400 196 -226 1.775 655 1.445 143 -413 1.170 545 1.752 1.014 120 140 478 4.726 2.590 -50 1.243 943 2.751 406 -138 1.471 1.012 1.065 60 7 -203 42 619 4.234 2.782 -183 796 839 9.694 5.691 -32 2.091 1.944 8.500 3.570 -8 2.781 2.157 8.572 3.947 63 2.310 2.252 9 10 ll 12 13 14 15 16 17 OTHER CR. EXC. SECURITY CONSUMER CREDIT BANK LOANS N.E.C. OPEN-MARKET PAPER 10.227 2.344 8.134 -251 7.432 1.384 5.929 119 3.615 1.160 2.135 320 1.553 156 829 568 10.889 2.873 7.456 560 5.606 1.747 3.671 188 4.756 865 3.473 418 8.068 2.274 5.541 253 11.636 3.533 8.029 74 14.441 3.816 9.913 712 14 15 16 17 2 683 5 -656 13 40 7 481 8 239 19 325 7 1.123 3 920 3 979 18 448 18 19 342 1 -96 633 131 626 49 0 578 -616 137 236 -567 -19 -184 -759 140 1.049 647 180 261 725 102 1.076 218 150 421 601 350 1.252 20 21 22 4.910 2.126 -463 2.589 6.225 1.736 24 1.712 5.422 -735 165 -900 14.323 5.840 352 5.488 4.158 1.244 800 444 8.536 40 5 895 -490 16.054 4.766 1 4.765 20.732 3.796 1.212 2.584 19.028 3.118 -610 3.728 24.319 5.983 -38 6.021 23 24 25 26 1 2 CURRENT SURPLUS PLANT + EQUIPMENT 3 4 5 6 7 8 18 19 CORPORATE EQUITIES SECURITY CREDIT 20 21 22 VAULT CASH + MEM.BK.RES. OTHER INTERBANK CLAIMS MISC. ASSETS 23 24 25 26 NET INCREASE IN LIABILITIES DEMAND DEPOSITS, NET U.S. GOVERNMENT OTHER 27 28 29 30 TIME DEPOSITS LARGE NEG. CO'S OTHER AT COMMERCIAL BKS. AT FGN. BANKING AG. 1.325 0 1.337 -12 2.110 0 2.054 56 5.409 0 5.473 -64 7.963 0 7.981 -18 1.071 0 1.045 26 5.835 1.095 4.700 40 9.417 2.128 7.246 43 15.575 2.977 12.593 5 14.409 3.679 10.668 62 14.560 2.706 11.828 26 27 28 29 30 31 32 33 34 35 36 37 38 39 F.R. FLCAT BORROWING AT F.R. BANKS OTHER INTERBANK CLAIMS BANK SECURITY ISSUES COMMERCIAL PAPER ISSUES PROFIT TAX LIABILITIES MISCELLANEOUS LIABILITIES LIAB. TO FGN. AFFILIATES OTHER 777 97 1 -51 0 -376 1.011 96 915 80 -82 131 267 0 306 1.677 363 1.314 -241 25 0 273 0 81 610 -195 805 -128 -4 137 54 0 -23 484 190 294 294 40 7 -19 132 0 -460 1.489 45 1.444 257 -428 140 122 0 999 1.206 912 294 453 90 180 178 0 -891 1.861 267 1.594 603 -78 102 0 495 143 -109 252 -303 -6 150 284 0 -451 1.827 372 I .455 6 125 350 585 0 213 2.497 560 1.937 31 32 33 34 35 36 37 38 39 459 753 635 42 1.005 316 82 17 1.C35 -204 40 40 DISCREPANCY (I) CONSISTS OF CHARTERED COMMERCIAL BANKS, THEIR DOMESTIC AFFILIATES, EDGE ACT CORPORATIONS, AGENCIES OF FOREIGN BANKS, AND BANKS IN U.S. POSSESIONS. EDGE ACT CORPORATIONS ANO AGENCIES OF FOREIGN BANKS APPEAR TOGETHER IN THESE TABLES AS "FOREIGN BANKING AGENCIES". MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. 96 AUGUST, 1972 BANKING SYSTEM BANKING SYSTEM 24 SECTOR STATEMENTS OF SAVING ANO INVESTMENT 24 ANNUAL FLOWS, 1965-71 ANNUAL FLOWS, 1965-71 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 MONETARY AUTHORITIES 1 CURRENT SURPLUS 2 3 4 5 6 7 8 NET ACQ. OF FINAN. ASSETS GOLO ANO FOREIGN EXCHANGE TREASURY CURP. + SDR CTFS. F.R. FLOAT F.R. LOANS TO OOMESTIC BANK CREDIT MKT. INSTRUMENTS U.S. GOVT. SECURITIES 9 10 ll NET INCREASE IN LIABILITIES MEMBER BANK RESERVES VAULT CASH OF COML. BANKS OEMANO OEPOSITS ANO CURRENCY OUE TO U.S. GOVERNMENT OUE TO REST OF THE WORLD CURRENCY OUTSIDE BANKS OTHER 12 13 14 15 26 18 28 21 40 21 -54 1 2.255 -1.325 170 -358 -60 3.828 3.724 4.224 -336 742 262 77 3.479 3.514 4.851 -451 467 66 -32 4.801 4.830 3.644 -1.156 167 867 47 3.719 3.825 4.171 -97 53 -3 -5 4.223 4.217 5.287 -1.368 701 821 152 4.981 4.988 8.280 -832 478 82 -296 8.848 8.644 2 3 4 5 6 7 8 2.229 361 319 4.206 1.347 599 4.823 1.298 480 3.623 645 1.265 4.131 348 115 5.266 2.065 -273 8.334 3.638 494 9 10 11 -4 -68 2.118 -497 164 204 1.978 -86 875 -9 2.113 66 -1.012 81 2.431 213 514 -100 2.848 406 -382 -31 3.481 406 897 119 3.392 -206 12 13 14 15 COMMERCIAL BANKING ll) 1 2 CURRENT SURPLUS PLANT + EQUIPMENT 3 4 5 6 7 8 2. 103 393 2.467 472 2.335 376 3.017 583 3.744 1.832 3.810 1.130 3.884 1.122 1 2 NET ACQ. OF FINAN. ASSETS TOTAL BANK CREDIT CREOIT MARKET INSTRUMENTS U.S. GOVT SECURITIES OIRECT ' AGENCY ISSUES 30.569 29.019 29.121 -2.316 -3.030 714 21.374 17.698 17.038 -3.-468 -3.519 51 40.960 37.524 35.937 9.437 6.451 2.986 46.577 40.335 38.991 3.504 2.227 1.277 22.495 17.862 18.943 -9.425 -9.172 -253 40.383 33.097 31.562 9.394 5.840 3.554 57.634 50.522 49.764 5.950 2.348 3.602 3 4 5 6 7 8 9 10 11 12 13 OTHER SECURITIES + MTG. STATE ANO LOCAL OBLIG CORPORATE BONDS HOME MORTGAGES OTHER MORTGAGES 10.822 5.217 -94 3.181 2.518 7.103 2.329 69 2.402 2.303 14.564 9.121 804 2.472 2.167 15.532 8.551 304 3.490 3.187 5.552 203 -55 2.986 2.418 13.932 10.668 802 865 1.597 23.883 12.668 1.275 5.691 4.249 9 10 11 12 13 14 15 16 17 OTHER CR. EXC. SECURITY CONSUMER CREDIT BANK LOANS N.E.C. OPEN-MARKET PAPER 20.615 4.608 16.523 -516 13.403 2.613 9.154 1.636 11.936 1.775 7.714 2.447 19.955 4.887 16.150 -1.082 22.816 3.345 18.990 481 8.236 1.895 4.359 1.982 19.931 4.792 14.353 786 14 15 16 17 57 -159 63 597 64 1.523 66 1.278 49 -1.130 94 1.441 -17 775 18 19 680 132 738 1.946 628 1.102 1.778 313 1.345 1.910 1.570 2.762 463 2.284 1.886 1.792 2.517 2.977 4.132 1.079 1.901 20 21 22 29.233 5.475 -985 6.460 20.189 338 -533 871 39.288 11.485 242 11.243 44.762 13.449 -224 13.673 21.477 5.311 44 5.267 38.688 8.712 2.884 5.828 55.125 14.033 2.231 11.802 23 24 25 26 18 19 CORPORATE EQUITIES SECURITY CREOIT 20 21 22 VAULT CASH 4- MEM.BK.RES. OTHER INTERBANK CLAIMS MISC. ASSETS 23 24 25 26 NET INCREASE IN LIABILITIES DEMAND OEPOSITS, NET U.S. GOVERNMENT OTHER ’ 27 28 29 30 TIME OEPOSITS LARGE NEG. CO’S OTHER AT COMMERCIAL BKS. AT FGN. BANKING AG. 20.111 3.666 16.370 75 13.289 -592 13.843 38 23.914 4.671 19.132 111 20.721 3.138 17.429 154 -9.344 -12.549 2.974 231 37.964 15.155 22.433 376 41.364 7.926 33.178 260 27 28 29 30 31 32 33 34 35 36 37 38 39 F.R. FLOAT BORROWING AT F.R. BANKS OTHER INTERBANK CLAIMS BANK SECURITY ISSUES COMMERCIAL PAPER ISSUES PROFIT TAX LIABILITIES MISCELLANEOUS LIABILITIES LIAB. TO FGN. AFFILIATES OTHER -358 -60 132 755 0 -132 3.310 72 3.238 262 77 628 93 0 -31 5.533 2.942 2.591 66 -32 313 232 0 -81 3.391 703 2.688 867 47 1.570 201 0 -51 7.958 2.318 5.640 -3 -5 2.284 87 4.209 78 18.860 7.936 10.924 821 152 2.517 52 -1.860 340 -10.010 -6.939 -3.071 82 -296 1.079 559 -376 -27 -1.293 -4.069 2.776 31 32 33 34 35 36 37 38 39 3 74 810 287 619 894 985 253 40 40 DISCREPANCY (1) CONSISTS OF CHARTERED COMMERCIAL BANKS, THEIR OOMESTIC AFFILJ1 ATES, EOGE ACT CORPORATIONS, AGENCIES OF FOREIGN BANKS, AND BANKS IN U.S. POSSESIONS. EDGE ACT CORPORATIONS ANO AGENCIES OF FOREIGN EANKS APPEAR TOGETHER IN THESE TABLES AS "FOREIGN BANKING AGENCIES". MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST. 1972 COMMERCIAL BANKING SUBSECTORS COMMERCIAL BANKING SUBSECTORS 25 SUBSECTOR STATEMENTS FOR COMPONENT GROUPS IN COMMERCIAL BANKING 25 ANNUAL FLOWS. 1946-54 ANNUAL FLOWS. 1946-54 1945 1947 1946 1948 1949 1950 1951 1952 1953 1954 COMMERCIAL BANKS 642 0 643 41 699 56 723 46 756 60 919 80 843 97 897 100 799 130 I 2 NET ACQ. OF FINAN. ASSETS TOTAL BANK CREDIT CREDIT MARKET INSTRUMENTS U.S. GOVT SECURITIES DIRECT AGENCY ISSUES -9.816 -10.202 -6.536 -15.879 -15.826 -53 4.213 2.166 3.271 -5.536 -5.559 23 497 -2.412 -2.670 -5.674 -6.599 925 2.187 5.940 5.611 4.483 4.383 100 7.981 6.394 6. 172 -5.249 -4.978 -271 9.223 6.430 6. 785 -529 -503 -26 9.158 9.728 9.071 2.136 1.837 299 4.391 4.328 3.92e 1.792 296 1.496 9.2^5 10.196 9.305 5.581 5.463 118 3 4 5 6 7 8 9 10 11 12 13 OTHER SECURITIES * MTG. STATE AND LOCAL OBLIG CORPORATE BONDS HOME MORTGAGES OTHER MORTGAGES 2.872 425 -2 1.693 756 3.042 884 -35 1.716 477 1.503 382 -289 1.067 343 1.785 887 159 545 194 3.726 1.569 160 1.503 494 2.096 1.076 -21 769 272 1.996 996 -130 974 156 1.627 632 16 773 206 3.313 1.765 -174 1.274 448 9 10 ll 12 13 14 15 16 17 18 OTHER CR. EXC. SECURITY CONSUMER CREDIT BANK LOANS N.E.C. OPEN-MARKET PAPER SECURITY CREDIT 6.471 1.155 5.103 213 -3.666 5.765 1.253 4.369 143 -1.105 1.501 962 499 40 258 -657 983 -1.703 63 329 7.695 1.601 5.846 248 222 5.218 81 4.707 430 -355 4.939 1.913 2.799 227 657 509 1.529 -977 -43 400 411 -5 419 -3 891 14 15 16 17 18 383 401 -2 -16 1.938 1.930 1 7 2.338 2.342 -4 0 -3.870 -3.879 4 5 1.286 1.277 4 5 2.910 2.898 12 0 -50 -50 2 -2 -22 -31 9 0 -1.311 -1.327 13 3 19 20 21 22 1 2 CURRENT SURPLUS PLANT + EQUIPMENT 3 4 5 6 7 8 19 2C 21 22 23 24 25 26 27 INTERBANK CLAIMS VAULT CASH ♦ MEM.BK.RES. DEP. AT FGN. BANKING AG. LOANS TO FGN. BANKING AG. MISC. ASSETS NET INCREASE IN LIABILITIES DEMAND DEPOSITS, NET U.S. GOVERNMENT OTHER 28 29 30 TIME DEPOSITS LARGE NEG. CD’S OTHER 31 32 33 34 35 36 37 38 INTERBANK LIABILTIES F.R. FLOAT BORROWING AT F.R. BANKS DEM.DEP.OF FGN.BK.AG. TIME DEP.OF FGN.BK.AG. OEP. OF BANKS IN US POSS. LOANS FROM AFFILIATES LOANS FROM FGN.BK.AG. 39 40 BANK SECURITY ISSUES PROFIT TAX LIABILITIES 41 42 43 MISCELLANEOUS LIABILITIES LIAB. TO FGN. BRANCHES OTHER 44 3 109 571 117 301 -117 -520 85 3 60 23 -10.405 -13.712 -21.521 7.809 3.788 2.250 -1.646 3.896 168 -522 995 -1.517 1.749 748 733 15 7.485 5.477 -265 5.742 6.858 6.543 553 5.990 8.718 5.219 1.582 3.637 3.93 7 89 -795 884 8.580 4.384 26 4.358 24 25 26 27 3.799 0 3.799 1.391 0 1.391 607 0 607 470 0 470 316 0 316 1.721 0 1.721 3.066 0 3.066 3.413 0 3.413 3.782 0 3.782 28 29 30 -196 2 -186 4 0 -21 0 5 -17 -45 18 13 0 -2 0 -1 7 6 -1 12 0 -9 0 -1 -1 -7 -25 35 0 -8 0 4 920 834 59 29 0 -5 0 3 -145 -184 -48 46 0 37 0 4 -69 -217 108 39 0 -4 0 5 -120 -32 -114 22 0 3 0 1 -89 -127 -3 42 0 -6 0 5 31 32 33 34 35 36 37 38 55 16 11 -110 45 48 11 44 72 117 144 162 139 178 114 174 228 -26 39 40 -367 -216 -151 263 55 208 -17 12 -29 477 129 348 583 161 422 433 163 270 185 -54 239 267 -91 358 301 -61 362 41 42 43 177 314 239 200 474 306 343 4 44 53 DISCREPANCY DOMESTIC AFFILIATES OF COMMERCIAL BANKS 1 2 3 NET ACQUIS. OF FINAN. ASSETS BANK LOANS N.E.C. LOANS TO AFFILIATE BANKS 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 1 2 3 4 5 6 NET INCREASE IN LIABILITIES COMMERCIAL PAPER ISSUES MISCELLANEOUS LIABILITIES 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4 5 6 EDGE ACT CORPORATIONS ANO AGENCIES OF FOREIGN BANKS 1 NET ACQ. OF FINANCIAL ASSETS CREDIT MARKET INSTRUMENTS 2 3 U.S.GOVT. SECURITIES 4 STATE+LOCAL GOVT. SEC. CORPORATE BONDS 5 BANK LOANS N.E.C. 6 OPEN-MKT. PAPER 7 63 42 -44 6 0 80 0 74 40 -24 6 1 57 0 129 90 23 6 -1 62 0 334 185 74 11 0 100 0 280 140 62 8 0 70 0 409 225 75 15 1 134 0 318 145 43 11 0 92 -1 120 -40 -10 21 0 -51 0 345 100 55 -8 1 32 20 1 2 3 4 5 6 7 CORPORATE EQUITIES SECURITY CREDIT DEM.DEPOSITS AT COM. BANKS TIME DEP. AT COM. BANKS LOANS TO BANKS MISC. ASSETS 0 C 4 0 5 12 1 C 13 0 -1 21 0 0 12 0 -1 28 1 50 35 0 4 59 I 50 29 0 3 57 2 50 46 0 4 82 5 50 39 0 5 74 3 10G 22 0 1 34 14 ICO 42 0 5 84 8 9 10 11 12 13 63 -49 16 -2 -16 74 -7 -20 1 7 129 -2 7 -7 -4 0 334 40 23 4 5 280 49 20 4 5 409 56 15 12 0 318 38 52 2 -2 120 15 50 9 0 345 54 49 13 3 14 15 16 17 18 114 68 46 93 127 -34 167 167 0 262 234 28 202 177 25 326 297 29 228 189 39 46 22 24 226 201 25 19 20 21 8 9 10 11 12 1? 14 NET INCREASE IN LIABILITIES DEM. DEP. IN MONEY SUPPLY 15 TIME DEPOSITS 16 17 DEPOSITS OF BANKS LOANS FROM BANKS 16 19 20 21 MISC. LIABILITIES DUE TO FGN. AFFILIATES OTHER BANKS I N U. S. POSSESSIONS 1 NET ACQ. OF FINANCIAL ASSETS DEPOSITS AT BANKS 2 CREDIT MKT. INSTRUMENTS 3 U.S.GOVT. SECURITIES 4 STATE + LOCAL GOVT. SEC. 5 6 CORPORATE BONDS 7 MORTGAGES HOME MORTGAGES 8 COMMERCIAL MORTGAGES 9 MISCELLANEOUS ASSETS 10 ll NET INCR. IN DEPOSIT LIAB. http://fraser.stlouisfed.org/ MONEY AMOUNTS ARE IN MILLIONS Federal Reserve Bank of St. Louis OF DOLLARS. -16 -21 -39 -65 -2 15 13 8 5 44 -37 -2 -88 -96 2 -ll 17 11 6 53 -69 -9 -20 -73 2 11 40 26 14 -40 -17 -8 -23 -44 0 12 9 15 -6 14 47 -5 8 -27 20 -6 21 22 -1 44 24 37 -16 -42 5 -7 28 25 3 3 31 -4 26 19 2 0 5 1 4 9 2 3 4 -8 4 4 4 2 2 -5 39 -6 19 14 6 -3 2 1 1 26 1 2 3 4 5 6 7 8 9 10 -16 -37 -69 -17 47 24 31 2 39 11 AUGUST, 1972 COMMERCIAL BANKING SUBSECTORS COMMERCIAL BANKING SUBSECTORS SUBSECTOR STATEMENTS FOR COMPONENT GROUPS IN COMMERCIAL BANKING 26 26 ANNUAL FLOWS, 1955-64 ANNUAL FLOWS, 1956 1955 1957 1959 1958 1955-64 1960 1961 1962 1963 1964 COMMERCIAL BANKS 1 2 CURRENT SURPLUS PLANT EQUIPMENT 3 4 5 6 7 8 1.227 176 1.467 194 1.400 201 1.089 225 1.880 309 1.607 205 1.341 275 1.544 302 1.727 509 1.916 367 1 2 NET ACQ. OF FINAN. ASSETS TOTAL BANK CREOIT CREDIT MARKET INSTRUMENTS U.S. GOVT SECURITIES DIRECT AGENCY ISSUES 5.409 5.131 4.548 -8.014 -7.180 -834 6.155 5.097 5.853 -2.939 -2.472 -46 7 5.766 5.300 5.360 -40 -66 26 14.748 15.168 14.728 8.579 8.011 568 4.812 5.391 5.184 -8.390 -7.278 -1.112 8.966 8.920 8.671 2.176 1.790 386 16.698 15.763 14.650 5.795 5.126 669 21.660 20.C19 18.949 1.387 -38 1.425 18.592 18.076 17.476 -2.625 -2.966 341 25.105 23.519 23.034 360 -238 598 3 4 5 6 7 8 9 10 11 12 13 OTHER SECURITIES ♦ MTG. STATE AND LOCAL OBLIG CORPORATE BONDS HOME MORTGAGES OTHER MORTGAGES 2.275 112 -229 1.751 641 1.484 203 -416 1.159 538 1.738 1.014 126 138 460 4.675 2.590 -58 1.215 928 2.765 408 -132 1.478 1.011 1.064 611 -200 37 616 4.207 2.776 -177 778 830 9.550 5.615 -32 2.044 1.923 8.515 3.637 -18 2.745 2.151 8.510 3.937 81 2.264 2.228 9 10 11 12 13 14 15 16 17 18 OTHER CR. EXC. SECURITY CONSUMER CREDIT BANK LOANS N.E.C. OPEN-MARKET PAPER SECURITY CREOIT 10.287 2.344 8.274 -331 583 7.308 1.384 5.885 39 -756 3.662 1.160 2.262 240 -60 1.474 156 770 548 440 10.809 2.873 7.376 560 207 5.431 1.747 3.556 128 249 4.648 865 3.393 390 1.113 8.012 2.274 5.485 253 1.070 11.586 3.533 8.009 44 600 14.164 3.816 9.636 712 485 14 15 16 17 18 INTERBANK CLAIMS VAULT CASH + MEM.BK.RES. DEP. AT FGN. BANKING AG. LOANS TO FGN. BANKING AG. 335 342 -7 0 666 633 28 5 37 49 -25 13 -563 -616 45 8 -573 -567 -4 -2 -764 -759 24 -29 689 647 31 11 810 725 100 -15 255 218 8 29 756 601 106 49 19 20 21 22 MISC. ASSETS -57 392 429 143 -6 810 246 831 261 830 23 4.817 2.113 -463 2.576 5.635 1.675 24 1.651 5.202 -788 165 -953 13.926 5.845 352 5.493 4.246 1.145 800 345 7.880 424 895 -471 15.714 4.787 1 4.786 20.435 3.892 1.212 2.680 18.409 3.095 -610 3.705 23.352 5.816 -38 5.854 24 25 26 27 1.337 0 1.337 2.054 0 2.054 5.473 0 5.473 7.981 0 7.981 1.045 0 1.045 5.795 1.095 4.700 9.374 2.128 7.246 15.570 2.977 12.593 14.347 3.679 10.668 14.534 2.706 11.828 28 29 30 882 777 97 -2 0 7 0 3 96 80 -82 70 0 21 0 7 -204 -241 25 -20 0 28 0 4 -48 -128 -4 64 0 17 0 3 688 294 40 7 13 0 -29 0 3 -26 257 -428 123 0 17 0 5 681 453 90 97 0 36 0 5 542 603 -78 10 0 12 0 -5 -196 -303 -6 86 0 10 0 17 326 6 125 177 0 10 0 8 31 32 33 34 35 36 37 38 -51 -376 267 306 273 81 54 -23 132 -460 122 999 178 -891 96 495 284 -451 5 85 213 39 40 912 44 868 1.237 61 1.176 367 -283 650 117 -39 156 1.696 233 1.463 566 423 143 1.585 85 1.500 -160 -182 22 1.330 149 1.181 1.878 118 1.760 41 42 43 459 753 635 42 1.005 316 82 17 1.035 -204 44 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 NET INCREASE IN LIABILITIES OEMANO DEPOSITS, NET U.S. GOVERNMENT OTHER TIME OEPOSITS LARGE NEG. CD’S OTHER INTERBANK LIABILTIES F.R. FLOAT BORROWING AT F.R. BANKS DEM.DEP.OF FGN.BK.AG. TIME DEP.OF FGN.BK.AG. DEP. OF BANKS IN US POSS. LOANS FROM AFFILIATES - LOANS FROM FGN.BK.AG. 39 40 BANK SECURITY ISSUES PROFIT TAX LIABILITIES 41 42 43 MISCELLANEOUS LIABILITIES LIAB. TO FGN. BRANCHES OTHER 44 DISCREPANCY DOMESTIC AFFILIATES OF COMMERCIAL BANKS 1 2 3 NET ACQUIS. OF FINAN. ASSETS BANK LOANS N.E.C. LOANS TO AFFILIATE BANKS 0 0 0 0 0 0 0 G 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 3 4 5 6 NET INCREASE IN LIABILITIES COMMERCIAL PAPER ISSUES MISCELLANEOUS LIABILITIES 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 c 0 0 0 0 0 0 0 4 5 6 EDGE ACT CORPORATIONS AND AGENCIES OF FOREIGN BANKS 1 NET ACQ. OF FINANCIAL ASSETS CREDIT MARKET INSTRUMENTS 2 U.S.GOVT. SECURITIES 3 STATE+LOCAL GOVT. SEC. 4 5 CORPORATE BONDS BANK LCANS N.E.C. 6 OPEN-MKT. PAPER 7 55 -2 -25 83 0 -140 80 507 110 53 -66 -1 44 80 82 -86 -31 -8 0 -127 80 278 94 23 -8 0 55 20 -59 95 16 0 -I 80 0 5 79 150 -19 -7 1 115 60 213 140 29 3 0 80 28 174 103 -30 77 0 56 0 447 -145 -107 -88 0 20 30 820 330 43 10 0 2 77 0 1 2 3 4 5 6 7 CORPORATE EQUITIES SECURITY CREDIT DEM.DEPOSITS AT COM, BANKS TIME DEP. AT COM. BANKS LOANS TO BANKS MISC. ASSETS 2 100 -2 0 3 -46 5 100 70 0 7 215 13 100 -20 0 4 71 7 41 64 0 3 69 8 32 13 0 3 -210 19 76 123 0 5 206 7 10 97 0 5 -4b 3 -150 10 0 -5 213 3 379 86 0 17 107 18 -37 177 0 8 324 8 9 10 11 12 13 55 13 -12 -7 0 507 61 56 26 5 82 53 -64 -25 13 278 -5 -18 45 8 -59 99 26 -4 -2 579 -19 40 24 -29 213 -21 43 31 11 174 -96 5 100 -15 44 7 23 62 6 29 820 167 26 106 49 14 15 16 17 18 61 52 9 357 302 55 105 88 17 248 229 19 -178 -188 10 563 489 74 149 182 -33 180 73 107 325 223 102 4 72 442 30 19 20 21 8 9 1C ll 12 13 14 NET INCREASE IN LIABILITIES DEM. DEP. IN MONEY SUPPLY 15 16 TIME DEPOSITS 17 DEPOSITS OF BANKS LOANS FROM BANKS 18 19 20 21 MISC. LIABILITIES DUE TO FGN. AFFILIATES OTHER BANKS IN U. S. POSSESSIONS 1 NET ACQ. OF FINANCIAL ASSETS DEPOSITS AT BANKS 2 CREDIT MKT. INSTRUMENTS 3 U.S.GOVT.. SECURITIES 4 STATE + LOCAL GOVT. SEC. 5 CORPORATE BONDS 6 MORTGAGES 7 R HOME MORTGAGES COMMERCIAL MORTGAGES 9 MISCELLANEOUS ASSETS 10 FRASER Digitized for http://fraser.stlouisfed.org/ 11 NET INCR. IN DEPOSIT Federal Reserve Bank of St. Louis LIAB. 38 7 24 -18 1 3 38 24 14 7 83 21 43 15 6 38 83 4 16 11 7 19 138 28 3? 1G fa -6 20 2 16 7b 119 17 78 19 8 8 43 28 15 24 -29 -29 -32 -19 -2 -5 -6 -7 1 32 77 17 27 20 3 -4 8 5 3 33 127 36 30 6 3 -6 27 18 9 61 123 12 79 12 -1 0 68 47 21 32 172 10 109 36 21 10 42 36 6 53 147 10 39 -13 0 -18 70 46 24 98 I 2 3 4 5 6 7 8 9 10 138 119 -2 9 77 127 123 172 147 11 AUGUST, 1972 COMMERCIAL BANKING SUBSECTORS 27 COMMERCIAL BANKING SUBSECTORS 27 SUBSECTOR STATEMENTS FOR COMPONENT GROUPS IN COMMERCIAL BANKING ANNUAL FLOWS, ANNUAL FLOWS, 1965-71 1965 1966 1967 1969 1968 197C 1971 1972 1973 1965-71 1974 COMMERCIAL BANKS 2.103 393 2.467 472 2.335 376 3.017 583 3.744 1.832 3.810 1.130 3.884 1.122 1 2 NET ACQ. OF FINAN. ASSETS TOTAL BANK CREOIT CREDIT MARKET INSTRUMENTS U.S. GOVT SECURITIES OIRECT AGENCY ISSUES 30.416 29.006 28.902 -2.382 -3.096 714 20.279 17.170 16.635 -3.440 -3.491 51 39.866 36.838 35.315 9.279 6.29 3 2.986 44.453 39.825 38.547 3.444 2.167 1.277 Ih.246 12.221 13.351 -9.474 -9.221 -253 37.745 33.661 32.220 9.509 5.955 3.554 56.415 50.175 49.400 6. 131 2.529 3.602 3 4 5 6 7 8 9 10 11 12 13 OTHER SECURITIES + MTG. STATE AND LOCAL OBLIG CORPORATE BONOS HOME MORTGAGES OTHER MORTGAGES 10.716 5.191 -101 3.112 2.514 6.977 2.279 52 2.369 2.277 14.346 9.002 766 2.409 2.169 15.513 8.567 292 3.455 3.199 5.348 170 -58 2.954 2.282 13.632 10.454 814 745 1.619 23.890 12.783 1.274 5.590 4. 243 9 10 11 12 13 14 15 16 17 18 OTHER CR. EXC. SECURITY CONSUMER CREDIT BANK LOANS N.E.C. OPEN-MARKET PAPER SECURITY CREDIT 20.568 4.608 16.440 -480 104 13.098 2.613 8.822 1.663 535 11.690 1.775 7.319 2.596 1.523 19.590 4.887 15.785 - 1.082 1.278 17.477 3.345 13.651 481 -1.130 9.079 1.895 5.20 2 1.982 1.441 19.379 4.792 13.801 786 775 14 15 16 17 18 703 680 33 -10 2.248 1.946 247 55 1.763 1.778 13 -28 2.739 1.910 744 85 1.235 463 614 158 2.805 1.792 933 80 4.735 4. 132 212 391 19 20 21 22 I 2 CURRENT SURPLUS PLANT + EQUIPMENT 3 4 5 6 7 8 19 20 21 22 23 24 25 26 27 INTERBANK CLAIMS VAULT CASH ♦ MEM.BK.RES. DEP. AT FGN. BANKING AG. LOANS TO FGN. BANKING AG. MISC. ASSETS NET INCREASE IN LIABILITIES OEMAND OEPOSITS, NET U.S. GOVERNMENT OTHER 707 861 1.265 1.889 790 1.279 1.505 23 29.080 5.421 -985 6.406 19.094 492 -533 1.025 38.194 11.421 242 11.179 42.638 13.369 -224 13.593 13.228 5.235 44 5.191 36.050 8.585 2.884 5.701 53.906 13.727 2.231 11.496 24 25 26 27 20.036 3.666 16.370 13.251 -592 13.843 23.803 4.671 19.132 20.567 3.138 17.429 -9.575 -12.549 2.974 37.588 15.155 22.433 41.104 7.926 33.178 28 29 30 28 29 30 TIME DEPOSITS LARGE NEG. CD'S OTHER 31 32 33 34 35 36 37 38 INTERBANK LIABILTIES F.R. FLOAT BORROWING AT F.R. BANKS DEM.DEP.OF FGN.BK.AG. TIME DEP.OF FGN.BK.AG. DEP. OF BANKS IN US POSS. LOANS FROM AFFILIATES LOANS FROM FGN.BK.AG. -309 -358 -60 118 0 -7 0 -2 66 5 262 77 278 0 32 0 16 362 66 -32 274 0 50 0 4 1.655 867 47 706 0 23 0 12 1.504 -3 -5 832 0 35 585 60 2.477 821 152 1.247 55 103 97 2 262 82 -296 38 47 63 309 19 31 32 33 34 35 36 37 38 39 4C BANK SECURITY ISSUES PROFIT TAX LIABILITIES 755 -132 93 -31 232 -81 201 -51 87 78 52 340 559 -27 39 40 41 42 43 MISCELLANEOUS LIABILITIES LIAB. TO FGN. BRANCHES OTHER 3.309 265 3.044 4.624 2.653 1.971 2.457 205 2.252 6.897 1.798 5.099 15.899 6.783 9.116 -12.992 -7.167 -5.825 -1.719 —4.752 3.033 41 42 43 374 810 287 619 894 985 253 44 44 DISCREPANCY DOMESTIC AFFI LIATES OF COMMERCIAL BANKS 1 2 3 NET ACQUIS. OF FINAN. ASSETS BANK LOANS N.E.C. LOANS TO AFFILIATE BANKS 0 0 0 0 0 0 0 0 0 0 0 0 4. 531 3.946 585 -895 -992 97 195 -114 309 1 2 3 4 5 6 NET INCREASE IN LIABILITIES COMMERCIAL PAPER ISSUES MISCELLANEOUS LIABILITIES 0 0 0 0 0 0 0 0 0 0 0 0 4. 531 4.209 322 -695 -1.860 965 195 -376 571 4 5 6 EDGE ACT CORPORATIONS AND AGENCIES OF FOREIGN BANKS 1 NET ACQ. OF FINANCIAL ASSETS CREDIT MARKET INSTRUMENTS 2 3 U.S.GOVT. SECURITIES STATE+LOCAL GOVT. SEC. 4 CORPORATE BONDS 5 BANK LOANS N.E.C. 6 7 OPEN-MKT. PAPER 66 128 67 14 0 83 -36 819 271 -50 16 C 332 -27 800 474 117 108 3 395 -149 1.872 359 44 -51 1 365 0 2.603 1.416 21 2 0 1.393 0 3.039 199 -144 191 3 149 0 714 239 -234 -193 0 666 0 1 2 3 4 5 6 7 CORPORATE EQUITIES SECURITY CREDIT DEM.DEPOSITS AT COM. BANKS TIME DEP. AT COM. BANKS LOANS TO BANKS MISC. ASSETS 57 -263 118 0 -2 28 63 62 278 0 16 129 64 0 274 0 4 -16 66 0 706 0 12 729 49 0 832 0 60 246 94 0 1.247 55 2 1.442 -17 0 38 47 19 388 8 9 10 ll 12 13 66 54 75 33 -10 819 -154 38 247 55 800 64 111 13 -28 1.872 80 154 744 85 2.603 76 231 614 158 3.039 127 376 933 80 714 306 260 212 391 14 15 16 17 18 -86 -193 107 633 289 344 640 49 8 142 809 520 289 1.524 1.153 371 1.523 228 1.295 -455 683 -1.138 19 20 21 8 9 10 11 12 13 14 NET INCREASE IN LIABILITIES DEM. DEP. IN MONEY SUPPLY 15 TIME DEPOSITS 16 DEPOSITS OF BANKS 17 LOANS FROM BANKS 18 19 20 21 MISC. LIABILITIES DUE TO FGN. AFFILIATES OTHER BANKS 1 NET ACQ. OF FINANCIAL ASSETS DEPOSITS AT BANKS 2 CREDIT MKT. INSTRUMENTS 3 4 U.S.GOVT. SECURITIES f. STATE + LOCAL GOVT. SEC. CORPORATE BONDS 6 7 MORTGAGES ft HOME MORTGAGES Q COMMFRCIAl MORTGAGES 10 MISCELLANEOUS ASSETS FRASER Digitized for http://fraser.stlouisfed.org/ 11 NET INCR. IN DEPOSIT Federal Reserve Bank of St. Louis LIAB. IN U. S. POSSESSIONS 87 -7 91 -1 12 7 73 69 4 3 276 32 132 22 34 17 59 33 26 112 294 50 148 41 11 35 61 63 -2 96 252 23 85 16 35 11 23 35 -12 144 1.115 35 230 28 31 3 168 32 136 850 494 103 135 29 23 -15 98 120 -22 256 310 63 239 53 78 1 107 101 6 8 1 2 3 4 5 6 7 8 9 10 87 276 294 252 1-415 494 310 11 AUGUST, 1972 NONBANK FINANCE SUMMARY 28 NONBANK FINANCE SUMMARY 28 SECTOR STATEMENTS OF SAVING ANO INVESTMENT ANNUAL FLOWS, 1946-54 ANNUAL FLOWS, 1946-54 1945 l«4fc 1947 1948 1949 1951 1950 1952 1953 1954 PRIVATE NONBANK FINANCIAL INSTITUTIONS - TOTAL 1 2 CURRENT SURPLUS PHYSICAL INVESTMENT 3 4 5 6 609 -103 461 146 962 224 1.176 228 1.038 243 1.081 250 1 .269 347 1.482 207 1.537 379 1 2 NET ACQUIS. OF FINAN. ASSETS OEM. DEPOSITS ♦ CURR. TIME DEPOSITS (MSB! SVGS. ♦ LOAN SHARES (CR U) 7.544 688 21 2 8.037 328 50 -34 9.727 134 19 -36 10.496 257 -8 -38 13.060 647 -54 -29 10.809 558 19 112 16.315 143 32 32 18.675 310 24 1 19.106 387 27 66 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 CORPORATE SHARES CREDIT MKT. INSTR. U.S. GOVT. SECURITIES STATE LOCAL OBLIG. CORPORATE ♦ FGN. BONOS HOME MORTGAGES OTHER MORTGAGES CONSUMER CREOIT OTHER LOANS SECURITY CREOIT TRAOE CREOIT MISCELLANEOUS ASSETS 338 7.107 1.746 -64 2.212 2.188 463 670 -108 -658 117 -71 414 7.123 -1.269 80 3.763 2.923 825 990 -189 42 100 14 361 9.294 -2.359 651 5.194 3.379 1.211 980 238 -31 74 -88 877 8.832 -822 647 3.406 3.070 1.361 1.236 -66 364 71 141 989 10.602 -1.677 736 2.898 5.518 1.496 1.236 395 523 17 365 699 8.972 -2.891 523 3.822 4.810 1.938 359 411 -71 110 410 1.469 13.845 486 615 5.002 5.117 1.463 1.731 -569 61 98 615 1.295 16.207 523 1.415 4.660 6.064 1.292 1.920 333 364 58 416 1.733 15.394 -349 1.663 4.189 7.871 1.337 714 -31 806 58 635 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 NET INCREASE IN LIABILITIES TIME ♦ SVGS. ACCOUNTS INSURANCE AND PENSION RES. CREDIT MKT. INSTR. FINANCE CO. BONDS MTG. LOANS IN PROCESS BANK LOANS N.E.C. OTHER LOANS FINANCE CO. PAPER FHLB LOANS 6.970 2.720 3.755 792 161 IOC 292 239 143 96 7.586 2.224 3.926 806 192 80 281 253 122 131 8.913 1.943 4.218 1.132 425 42 409 2 56 179 77 9.870 2.488 4.42 5 880 382 44 368 86 168 -82 11.608 2.407 5.768 1.809 380 46 962 421 38 383 10.251 3.215 5.275 549 288 47 -237 451 350 101 15.916 5.074 6.650 1.374 257 132 678 307 354 -47 17.270 5.766 7.311 1.661 1.401 50 -95 305 217 88 17.599 6.718 7.732 531 321 2 39 206 -235 -150 -85 19 20 21 22 23 24 25 26 27 28 282 -1.610 -2 1.033 209 -784 1 1.204 32 7 520 169 1.061 239 372 43 970 297 -331 68 1.178 531 427 161 1.699 408 389 295 1.44C 522 1.005 -243 1.334 29 30 31 32 138 -136 322 -657 273 523 -130 -349 33 29 30 31 32 33 INVESTMENT CO. SHARES SECURITY CREOIT TAXES PAYABLE MISCELLANEOUS LIABILITIES DISCREPANCY 96 486 99 939 -76 SAVINGS ANO LUAN ASSOCIATIONS 1 CURRENT SURPLUS 99 105 118 136 174 197 215 225 293 1 2 3 4 5 6 7 8 9 NET ACQ. OF FINAN. ASSETS DEMANO DEPOSITS ♦ CURRENC CREDIT MKT. INSTR. U.S. GOVT. SECURITIES HOME MORTGAGES OTHER MORTGAGES CONSUMER CREOIT MISC. FINANCIAL TRANS. 1.455 62 1.388 -411 1.684 81 34 5 1.485 -4 1.476 -269 1.635 80 30 13 1.341 68 1.194 . -285 1.366 83 30 79 1.594 83 1.345 7 1.276 35 27 166 2.271 87 2. 125 25 1.999 42 59 59 2.329 105 2.049 116 1.728 179 26 175 3.438 64 3.102 201 2.801 31 69 272 4.073 52 3.762 142 3.354 212 54 259 4.900 248 4.298 102 4.005 141 50 354 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 NET INCREASE IN LIABILITIES SAVINGS SHARES CREOIT MKT. INSTR. MTG. LOANS IN PROCESS FHLB AOVANCES BANK LOANS N.E.C. MISCELLANEOUS LIABILITIES 1.348 1.177 168 100 96 -28 3 1.381 1.197 209 80 131 -2 -25 1.227 1.209 93 42 77 -26 -75 1.45 7 1.503 -53 44 -82 -15 7 2.097 1.520 445 46 383 16 132 2. 156 2.115 152 47 101 4 -111 3.233 3.088 79 132 -47 -6 55 3.830 3.651 131 50 88 -7 46 4.614 4.406 167 239 -85 13 44 10 11 12 13 14 15 16 -8 72 1 103 4 42 -1 -216 0 426 24 64 10 -206 -18 -50 7 -329 17 18 17 18 DISCREPANCY MEMO- FHLB LOANS LESS DEP. MUTUAL SAVINGS BANKS 130 124 130 121 127 199 87 104 97 I 2 3 4 5 6 7 8 9 1C ll 12 13 14 NET ACQ. OF FINANCIAL ASSET DEM. DEPOSITS ♦ CURR. TIME DEPOSITS CORPORATE SHARES CREDIT MKT. INSTR. U.S. GOVT. SECURITIES STATE + LOCAL GOVT. SEC. CORPORATE BONDS HOME MORTGAGES OTHER MORTGAGES CONSUMER CREDIT OTHER LOANS MISCELLANEOUS ASSETS 1.700 188 21 14 1 .487 1.082 -30 186 139 94 3 13 -10 1.062 16 50 -34 980 193 2 354 250 165 11 5 50 758 -23 19 11 943 -428 6 402 552 399 4 8 -192 l.OZi 3 -8 0 1.034 -89 15 210 529 369 6 -6 -8 943 -26 -54 24 986 -576 2 -18 948 609 15 6 13 1.058 72 19 46 857 -1.027 52 176 1.019 635 2 0 64 1.797 2 32 109 1.632 -351 195 309 863 601 4 11 22 1.898 42 24 95 1.732 -187 93 242 1.179 384 12 9 5 2.151 16 27 140 1.921 -471 180 125 1.629 435 7 16 47 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 SAVINGS OEPOSITS MISCELLANEOUS LIABILITIES 1.480 14 946 10 641 9 887 15 738 43 875 16 1.710 10 1.778 39 1.963 58 15 16 17 DI SCREPANCY -76 t3 22 2 -35 32 10 23 -33 17 1 CURRENT SURPLUS CREDIT UNIONS I 2 3 4 5 6 7 NET ACQUIS. OF FINAN. ASSET DEM. DFPOSITS ♦ CURR. SVGS. + LOAN SHARES CREDIT MKT. INSTR. U.S.GOVT. SECURITIES CONSUMER CREDIT HOME MORTGAGES 6T 7 2 54 0 49 5 31 11 -34 104 15 84 5 93 14 -36 115 10 99 6 98 5 -3 8 131 7 104 20 149 18 -29 160 8 152 0 225 48 112 t>5 10 44 11 276 0 32 244 6 203 35 33 7 19 1 317 6 287 24 349 45 66 238 8 213 12 1 2 3 4 5 6 7 8 CREDIT UNION SHARES 63 31 93 98 149 225 2 T6 33 7 349 8 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST, 1972 NONBANK FINANCE SUMMARY NONBANK FINANCE SUMMARY 29 SECTOR STATEMENTS OF SAVING ANO INVESTMENT ANNUAL FLOWS, ANNUAL FLOWS, 1955-64 1955 1956 1957 1958 1959 1960 1961 1955-64 1962 1963 1964 PRIVATE NONBANK FINANCIAL INSTITUTIONS - TOTAL 1 2 CURRENT SURPLUS PHYSICAL INVESTMENT 3 4 5 6 1.468 397 1.274 365 1.106 440 1.465 393 1.721 451 1.746 312 2.010 446 2.205 339 1.707 474 1.248 493 I 2 NET ACQUIS. OF FINAN. ASSETS OEM. DEPOSITS + CURR. TIME OEPOSITS (MSB) SVGS. + LOAN SHARES (CR U) 23.555 504 -46 20 18.904 123 -65 34 20.715 285 -34 -25 22.325 714 35 158 27.758 128 -78 -69 27.914 399 43 -182 30.935 1.073 43 160 35.618 923 -8 44 38.845 137 -19 51 39.068 267 83 103 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 CORPORATE SHARES CREDIT MKT. INSTR. U.S. GOVT. SECURITIES STATE + LOCAL OBLIG. CORPORATE + FGN. BONOS HOME MORTGAGES OTHER MORTGAGES CONSUMER CREDIT OTHER LOANS SECURITY CREDIT TRAOE CREDIT MISCELLANEOUS ASSETS 1.742 20.367 -126 1.342 3.130 10.239 1.695 3.203 884 436 92 440 1.543 16.243 -1.147 1.173 4.430 8.442 1.877 1.331 137 34 135 857 2.295 17.721 -133 1.335 6.187 6.267 1.670 1.006 1.389 -337 160 650 2.438 17.143 672 1.478 5.403 8.001 2.378 -545 -244 965 148 72 4 3.317 23.595 1.258 1.888 4.507 9. 748 2.557 2.501 1.136 3 183 679 3.477 23.019 -179 1.434 4.944 8.937 3.278 2.169 2.436 -124 152 1.130 4. 187 22.933 482 1.064 5.596 10.348 4.434 564 445 1.074 59 1.406 4.442 29.008 1 .979 564 6.007 11.064 5.886 2.452 1.056 -159 208 1.160 3.600 32.196 117 -58 6. 151 14.023 7.278 3.047 1.638 1.531 131 1.218 3.862 33.556 1.814 1 6.240 12.946 7.801 3.0 34 1.720 -485 152 1.530 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 NET INCREASE IN LIABILITIES TIME + SVGS. ACCOUNTS INSURANCE AND PENSION RES. CREDIT MKT. INSTR. FINANCE CO. BONOS MTG. LOANS IN PROCESS BANK LOANS N.E.C. OTHER LOANS FINANCE CO. PAPER FHLB LOANS 22.270 7.130 7.878 4.631 1.351 123 2.361 796 246 550 18.104 7.318 8.450 412 995 -25 -501 -57 132 -189 20.191 6.889 8.931 1.168 710 -31 2 487 450 37 21.299 8.899 9.010 -338 167 305 -707 -103 -136 33 26.237 8.416 10.445 3.820 1.118 132 1.036 I. 534 698 836 26.719 9.465 10.609 2.633 I. 537 -107 515 688 841 -153 29.325 11.335 11.167 2.005 530 364 566 545 -136 681 33.231 13.102 11.691 3.792 315 449 i.OOl 2.027 1.210 817 37.599 15.173 12.572 5.935 1.431 529 1.693 2.282 977 1.305 38.455 15.877 13.879 4.348 2. 103 -289 5 36 1.998 1.457 541 19 20 21 22 23 24 25 26 27 28 879 296 2 1.454 1.094 -588 -114 1.53 2 1.173 129 102 1.799 1.430 561 86 1.651 1.736 39 149 1.632 1.491 495 -22 2.048 1.899 914 -84 2.089 1.843 920 60 1.823 1.227 523 52 2.117 1.873 139 -34 2.373 29 30 31 32 -214 109 142 46 -251 239 -46 -521 -13 142 33 29 30 31 32 33 INVESTMENT CO. SHARES SECURITY CREDIT TAXES PAYABLE MISCELLANEOUS LIABILITIES DISCREPANCY SAVINGS ANO LOAN ASSOCIATIONS 1 CURRENT SURPLUS 382 417 420 497 634 643 823 951 749 868 1 2 3 4 5 6 7 8 9 NET ACQ. OF FINAN. ASSETS OEMAND OEPOSITS + CURRENC CREDIT MKT. INSTR. U.S. GOVT. SECURITIES HOME MORTGAGES OTHER MORTGAGES CONSUMER CREDIT MISC. FINANCIAL TRANS. 6.023 196 5.790 406 4.997 304 83 37 9.219 71 4.890 494 4.003 317 76 258 5.263 57 4.978 624 3.992 286 76 228 7.001 273 6.344 609 4.694 726 115 384 8.391 -172 8.392 754 6.645 869 124 171 7.946 148 7.294 236 5.851 1.078 129 504 10.659 393 9.426 581 7.009 1.755 81 840 11.470 578 10.304 357 7.366 2.570 11 588 13.954 115 13.297 999 9.297 2.877 124 542 11.796 -12 11.0 35 583 8.114 2.275 63 773 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 NET INCREASE IN LIABILITIES SAVINGS SHARES CREDIT MKT. INSTR. MTG. LOANS IN PROCESS FHLB ADVANCES BANK LOANS N.E.C. MISCELLANEOUS LIABILITIES 5.653 4.890 725 123 550 52 37 4.826 5.006 -239 -25 -189 -25 60 4.850 4.764 0 -31 37 -6 86 6.519 6.064 369 305 33 31 88 7.843 6.607 1.074 132 836 106 161 7.356 7.559 -295 -107 -153 -35 92 9.934 8. 743 1.023 364 681 -22 169 10.658 9.351 1.224 449 817 -42 82 13.265 11.072 1.924 . 529 1.305 90 186 11.106 1C.579 293 -289 541 41 226 10 11 12 13 14 15 16 12 654 24 -174 7 67 15 -133 86 1.066 53 -502 98 439 139 784 60 1.367 178 493 17 18 17 18 DI SCREPANCY MEMO- FHLB LOANS LESS OEP. MUTUAL SAVINGS BANKS 98 149 155 166 192 166 219 186 189 214 1 2 3 4 5 6 7 b 9 10 11 12 13 14 NET ACQ. OF FINANCIAL ASSET OEM. OEPOSITS + CURR. TIME OEPOSITS CORPORATE SHARES CREDIT MKT. INSTR. U.S. GOVT. SECURITIES STATE + LOCAL GOVT. SEC. CORPORATE BONDS HOME MORTGAGES OTHER MORTGAGES CONSUMER CREDIT OTHER LOANS MISCELLANEOUS ASSETS 1.996 -14 -46 84 1.962 -219 38 -330 2.098 352 9 14 10 2.035 19 -65 50 2.007 -421 29 73 1.890 399 32 5 24 1.834 3 -34 62 1.746 -279 10 587 1.120 303 4 1 57 2.569 -3 35 95 2.379 -378 44 552 1.530 564 20 47 63 1.481 8 -78 -49 1.648 -171 -7 -128 1.348 520 34 52 -48 1.626 2 43 16 1.506 -600 -49 154 1.482 461 10 48 59 2.258 20 43 65 2.054 -71 5 -149 1.653 557 31 28 76 3.292 27 -8 149 3.069 33 -150 -116 2.127 1 .048 27 100 55 3.581 -25 -19 115 3.324 -203 -87 -295 2.568 1.336 64 -59 186 4.536 9 83 101 4.264 18 -49 -169 2.677 1.655 73 59 79 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 SAVINGS DEPOSITS MISCELLANEOUS LIABILITIES 1.831 49 1.844 59 1.658 57 2.347 100 1.237 86 1.366 72 -1.934 103 3.059 47 3.270 115 4.243 46 15 16 17 DI SCREPANCY -18 17 36 44 34 -22 -2 0 -7 -33 17 1 CURRENT SURPLUS CREDIT UNIONS 1 2 3 4 5 6 7 NET ACQUIS. OF FINAN. ASSET DEM. OEPOSITS + CURR. SVGS. «• LOAN SHARES CREOIT MKT. INSTR. U.S.GOVT. SECURITIES CONSUMER CREOIT HOME MORTGAGES 409 12 20 377 15 336 26 468 27 34 40 7 15 336 56 467 27 -25 465 15 415 35 488 48 158 282 15 239 28 572 -33 -69 674 10 612 52 540 37 -182 685 10 643 32 658 68 160 430 20 380 30 692 8 44 640 20 572 48 831 37 51 743 45 651 47 1.055 68 103 884 25 814 45 1 2 3 4 5 6 7 6 CREDIT UNION SHARES 409 468 46 7 488 572 540 658 692 831 1.055 8 IONE Y AMOUNTS ARE IN MILLIONS OF OOLLARS. AUGUST» 1972 NONBANK FINANCE SUMMARY NONBANK FINANCE SUMMARY 30 30 SECTOR STATEMENTS OF SAVING ANO INVESTMENT ANNUAL FLOWS, 1965-71 ANNUAL FLOWS, 1965-71 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 PRIVATE NUNBANK FINANCIAL INSTITUTIONS - TOTAL I 2 CURRENT SURPLUS PHYSICAL INVESTMENT 3 4 5 6 1.402 439 1.561 522 1.278 637 171 749 -178 816 2.017 966 3.914 1.448 1 2 NET ACQUIS. OF FINAN. ASSETS OEM. OEPOSITS + CURR. TIME OEPOSITS (MSB! SVGS. + LOAN SHARES.ICR U) 41.580 455 -13 -71 35.333 -155 -40 -360 41.886 822 34 262 4-9.710 988 -48 -292 46.509 103 -101 -42 54.458 1.456 244 -5 80.316 665 152 20 3 4 5 6 7 8 9 10 ll 12 13 14 15 16 17 18 CORPORATE SHARES CREOIT MKT. INSTR. U.S. GOVT. SECURITIES STATE + LOCAL OBLIG. CORPORATE ♦ FGN. BONOS HOME MORTGAGES OTHER MORTGAGES CONSUMER CREDIT OTHER LOANS SECURITY CREOIT TRAOE CREOIT MISCELLANEOUS ASSETS 5.654 33.377 12 -485 7.386 11.940 7.806 3.820 2.898 487 165 1.526 5.892 27.639 75 722 8.683 5.187 6. 739 2.876 3.357 -171 249 2.279 8.313 26. 836 -2.421 1.182 11.218 7.957 6.732 1.444 724 2.817 278 2.524 9.405 36.045 2.141 1.198 9.517 8.587 7.040 3.786 3.776 2.026 300 1.286 12.770 35.027 -1.944 1.02 7 6.767 8.458 6.848 4. 134 9.737 -2.579 422 909 11.261 38.662 4.032 1.796 11.858 7.088 8.439 571 4.878 -1.402 472 3.770 19.153 55.998 3.111 1.844 14.532 17.656 12.477 3.042 3.336 1.996 530 1.802 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 NET INCREASE IN LIABILITIES TIME + SVGS. ACCOUNTS INSURANCE AND PENSION RES. CREOIT MKT. INSTR. FINANCE CO. BONOS MTG. LOANS IN PROCESS BANK LOANS N.E.C. OTHER LOANS FINANCE CO. PAPER FHLB LOANS 40.907 13.095 15.603 5.964 1.890 -41 2.418 1.697 1.025 672 35.096 6.934 17.631 2.876 760 -928 -1.290 4.334 3.396 938 42.934 16.959 18.026 -828 1.033 987 -2.143 -705 1.844 -2.549 49.348 12.702 18.577 6.653 811 192 2.325 3.325 2.452 873 48.508 7.927 19.143 12.437 1.567 6 2.142 8.722 4.692 4.030 52.872 16.982 22.233 3.650 2.544 623 -601 1.084 -242 1.326 77.295 40.826 23.957 4.290 3.788 1.994 1.397 -2.889 -210 -2.679 19 20 21 22 23 24 25 26 27 28 3.114 1 159 2.971 3.716 593 -14 3.360 2.559 2.122 -112 4.208 5.545 -2.033 108 5.381 2.594 1.364 221 5.828 1.309 583 -127 6.457 29 30 31 32 290 802 1.689 1.005 -535 -555 33 29 30 31 32 33 INVESTMENT CO. SHARES SECURITY CREOIT TAXES PAYABLE MISCELLANEOUS LIABILITIES DISCREPANCY 4.731 2.040 211 4.434 -940 SAVINGS ANO LOAN ASSOCIATIONS 1 CURRENT SURPLUS 965 920 937 1.049 1.015 1.149 1.547 1 2 3 4 5 6 7 8 9 NET ACQ. OF FINAN. ASSETS DEMANO OEPOSITS ♦ CURRENC CREOIT MKT. INSTR. U.S. GOVT. SECURITIES HOME MORTGAGES OTHER MORTGAGES CONSUMER CREDIT MISC. FINANCIAL TRANS. 10.225 39 9.577 534 7.053 1.920 70 609 4.594 -526 4.181 387 2.858 905 31 939 9.743 -315 9. 149 1.582 6.030 1.490 47 909 9.709 -426 10.136 727 7.233 2.117 59 -1 9.335 -181 9.764 279 7.674 1.815 -4 -248 14.107 255 11.346 1.154 7. 150 3.022 20 2.506 30.120 516 29.424 5.205 18.032 6.128 59 180 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 NET INCREASE IN LIABILITIES SAVINGS SHARES CREOIT MKT. INSTR. MTG. LOANS IN PROCESS FHLB ADVANCES BANK LOANS N.E.C. MISCELLANEOUS LIABILITIES 9.420 8.498 80 5 -41 672 174 114 3.992 3.584 83 -928 938 73 369 9.293 10.648 -1.702 987 -2.549 -140 350 8.940 7.38 6 1.132 192 873 67 398 8.422 3.920 4. 104 6 4.030 68 392 13.344 10.866 1.845 623 1.326 -104 617 28.924 28.068 3 1.994 -2.679 688 794 10 11 12 13 14 15 16 160 826 318 946 48 7 -2.944 280 922 102 4.372 386 37 351 -2.138 17 18 17 18 DISCREPANCY MEMO- FHLB LOANS LESS DEP. MUTUAL SAVINGS BANKS 263 170 106 185 250 371 518 1 2 3 4 5 6 7 8 9 10 11 12 13 14 NET ACQ. OF FINANCIAL ASSET OEM. OEPOSITS + CURR. TIME OEPOSITS CORPORATE SHARES CREOIT MKT. INSTR. U.S. GOVT. SECURITIES STATE + LOCAL GOVT. SEC. CORPORATE BONOS HOME MORTGAGES OTHER MORTGAGES CONSUMER CREDIT OTHER LOANS MISCELLANEOUS ASSETS 3.994 26 -13 167 3.715 -271 -71 -127 2.67C 1.391 125 -2 99 2.750 -24 -40 41 2.647 -50 7 -69 287 1.609 1.111 105 111 126 5. 383 6 34 219 4.975 -346 -32 2.075 1.794 1.359 37 8tt 149 4.608 51 -48 251 4.087 -191 -25 1.312 1.423 1.364 157 47 267 3.054 24 -101 238 2.942 -510 6 332 1.396 1.286 153 279 -49 4.716 107 244 333 3.768 194 4 1.309 934 911 256 160 264 10.566 -33 132 492 9. 343 358 1 93 4.299 1.220 2.718 275 280 632 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 SAVINGS DEPOSITS MISCELLANEOUS LIABILITIES 3.594 135 2.563 -11 5.115 147 4.207 112 2.579 213 4.434 96 9.861 12.0 15 16 17 DISCREPANCY -2 -28 -15 -104 -12 185 -87 17 I CURRENT SURPLUS CRED I T UNIONS 1 2 3 4 5 6 7 NET ACQUIS. OF FINAN. ASSET DEM. DEPOSITS + CURR. SVGS. + LOAN SHARES CREOIT MKT. INSTR. U.S.GOVT. SECURITIES CONSUMER CREOIT HOME MORTGAGES 1.003 30 -71 1.044 27 984 33 787 34 -360 1.113 129 931 53 1.196 100 262 834 82 717 33 1.109 -7 -292 1.40 8 163 1.206 39 1.42 8 -39 -42 3.509 69 1.416 24 1.682 224 -5 1.46 3 488 906 69 2.897 4 20 2.873 1.132 1.691 50 1 2 3 4 5 6 7 8 CREDIT UNION SHARES 1.003 787 1.196 1.109 1.428 1.682 2.89 7 8 MONEY AMOUNTS ARE IN MILLIONS OF OOLLARS, AUGUST, 1972 INSURANCE + PENSION FUNDS 31 INSURANCE + PENSION FUNDS SECTOR STATEMENTS OF SAVING AND INVESTMENT ANNUAL FLOWS, ANNUAL FLOWS, 1946-54 1945 1946 1947 1948 LIFE 1949 1950 1951 1952 1953 1946-54 1954 INSURANCE COMPANIES 357 -103 194 146 359 224 403 228 377 243 42 8 250 607 347 634 207 746 3 79 1 2 NET ACQUIS. OF FINAN. ASSETS DEM. DEPOSITS ♦ CURR. 3.533 -6 3.449 246 3.627 -105 3.804 -7 4. 143 97 3.968 80 4.725 30 5.097 80 5.115 5 3 4 CORPORATE SHARES CREDIT MKT. INSTRUMENTS U.S. GOVT. SECURITIES STATE AND LOCAL OBLIG. CORPORATE BONOS HOME MORTGAGES OTHER MORTGAGES OTHER LOANS MISCELLANEOUS ASSETS 267 3.196 1.048 -108 1.805 239 280 -68 76 150 2.983 -1.595 -5 3.020 952 568 43 70 44 3.547 -3.227 263 4.233 1.446 712 120 141 226 3.493 -1.516 180 2.573 1.150 92 3 183 92 317 3.480 -1.810 100 1.821 2.385 811 173 249 55 3.643 -2.451 -10 2.715 2.132 1.080 177 190 164 4.365 -768 -16 3.103 1.147 790 109 166 93 4.779 -394 152 2.755 1.438 633 195 145 2 70 4.644 -755 555 1.957 1.958 696 2 33 196 5 6 7 8 9 10 11 12 13 3.306 2.610 400 300 3.395 2.520 500 395 3.446 2.580 600 266 3.675 2.617 625 388 3.691 2.611 775 276 3.891 2.468 975 391 4.510 2.739 1.125 630 4.627 2.890 1.125 530 4.748 2.958 1.175 663 14 15 16 17 233 -6 -46 46 -318 101 45 -43 0 18 1 2 CURRENT SURPLUS PHYSICAL INVESTMENT 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 NET INCREASE IN LIABILITIES LIFE INSURANCE RESERVES PENSION FUND RESERVES OTHER LIABILITIES 18 DISCREPANCY PRIVATE PENSION FUNOS 1 2 NET ACQ. OF FINAN. ASSETS DEM. DEPOSITS + CURR. 3 4 5 6 7 8 CORPORATE SHARES CREDIT MKT. INSTRUMENTS U.S. GOVT. SECURITIES CORPORATE BONDS MORTGAGES MISCELLANEOUS 469 20 565 30 591 30 636 43 1.694 60 1.121 65 1.775 -19 2.010 56 2. 106 -9 1 2 60 537 250 265 22 -148 95 565 250 295 20 -125 95 591 250 321 20 -125 124 589 250 319 20 -120 519 1.085 100 965 20 30 253 773 100 655 18 30 478 1.244 150 1.065 29 72 545 1.428 286 1.099 43 -19 709 1.398 92 1.260 46 8 3 4 5 6 7 8 STATE + LOCAL GOVT. EMPLOYEE RETIREMENT FUNOS 1 2 3 4 5 6 7 8 9 10 11 12 NET ACQ.OF FINAN. ASSETS DEMAND DEP. ANO CURRENCY CORPORATE SHARES CREDIT MKT. INSTRUMENTS U.S.GOVT.SECURITIES DIRECT U.S.G. AGENCY SEC. STATE + LOCAL OBLIGATION OTHER CR.MKT.INSTRUMENTS CORPORATE BONDS MORTGAGES OTHER 276 8 341 8 447 6 547 10 688 18 711 19 1.011 20 1.286 31 1.493 5 1 2 1 261 152 152 0 86 24 20 3 6 2 325 189 189 0 102 36 30 4 6 3 429 213 213 0 129 90 77 10 9 7 519 184 184 0 183 159 135 17 11 9 64 7 241 241 0 200 215 183 23 14 12 729 420 420 0 163 158 116 30 -49 15 893 476 456 20 171 261 210 36 83 19 1.210 491 486 5 220 518 452 47 26 24 1.434 536 523 13 273 649 564 61 30 3 4 5 6 7 8 9 10 11 12 OTHER INSURANCE COMPANIES 1 CURRENT SURPLUS 125 49 249 451 221 130 240 341 348 1 2 3 NET ACQ. OF FINAN. ASSETS DEMAND DEPOSITS + CURRENC 862 189 1.056 182 1.116 42 945 63 1.010 65 921 36 1.309 82 1.440 55 1.100 -52 2 3 4 5 6 7 8 9 10 CORPORATE SHARES CREDIT MKT. INSTRUMENTS U.S. GOVT. SECURITIES STATE ANO LOCAL OBLIG. CORPORATE BONDS COMMERCIAL MORTGAGES TRADE CREDIT -43 599 594 -12 12 5 117 34 740 591 78 63 8 100 87 913 528 229 149 7 74 131 680 413 284 -34 17 71 135 793 42 7 316 39 11 17 139 636 214 304 104 14 110 181 948 377 421 145 5 98 190 1.137 248 748 125 16 58 163 931 88 785 54 4 58 4 5 6 7 8 9 10 11 12 NET INCREASE IN LIABILITIES DISCREPANCY 706 -31 834 -173 812 -55 751 257 464 -325 848 57 1.094 25 962 -137 460 -292 11 12 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST, 1972 INSURANCE + PENSION FUNOS 32 INSURANCE + PENSION FUNOS SECTOR STATEMENTS OF SAVING ANO INVESTMENT 32 ANNUAL FLOWS, 1955-64 ANNUAL FLOWS, 1955-64 1955 1956 1957 1958 LIFE 1 2 CURRENT SURPLUS PHYSICAL INVESTMENT 3 4 5 6 7 8 9 10 11 12 13 1959 1960 1961 1962 1963 1964 INSURANCE COMPANIES 748 397 815 365 758 440 739 393 783 451 867 312 966 446 1.072 339 1.054 4 74 1.120 493 1 2 NET ACQUIS. OF FINAN. ASSETS OEM. DEPOSITS ♦ CURR. 5.466 55 5.455 18 5.272 21 5.357 69 5.550 -56 5.724 22 6. 125 63 6.H00 64 7.018 9 7.7 76 23 3 4 CORPORATE SHARES CREDIT MKT. INSTRUMENTS U.S. GOVT. SECURITIES STATE ANO LOCAL OBLIG. CORPORATE BONDS HOME MORTGAGES OTHER MORTGAGES OTHER LOANS MISCELLANEOUS ASSETS 65 5.152 -501 165 1.752 2.508 961 267 194 -2 5.121 -998 236 2.139 2.469 1.075 200 318 43 4.957 -508 143 2.579 1.311 936 496 251 78 4.998 147 314 2.524 933 893 187 212 192 5.044 -290 530 2.210 1.209 926 459 370 352 5.035 -466 385 1.750 1.296 1.278 792 315 465 5.249 -367 296 2.488 762 1.670 400 34d 433 6.027 65 135 2.473 756 1.943 655 276 246 6.411 -352 -169 2.830 934 2.708 460 352 546 6.865 -300 -83 2.284 1.194 3.414 356 342 5 6 7 8 9 10 11 12 13 4.994 2.986 1.325 644 5.002 3.123 1.175 664 4.867 2.626 1.600 639 5.047 2.856 1.500 607 5.120 2.818 1.975 241 5.310 3.088 1.275 963 5.639 3.280 1.400 993 6.006 3.587 1 .375 990 6.421 4.010 1.675 742 7.090 4.212 1.950 825 14 15 16 17 -121 -3 -87 36 -98 141 34 -61 -17 -59 18 14 15 16 17 NET INCREASE IN LIABILITIES LIFE INSURANCE RESERVES PENSION FUND RESERVES OTHER LIABILITIES 18 DISCREPANCY PRIVATE PENSION FUNOS 1 2 NET ACQ. OF FINAN. ASSETS DEM. DEPOSITS ♦ CURR. 2.278 58 2.748 0 3.075 51 3.150 30 3.661 39 3.968 11 4.037 114 4.205 47 4.480 66 4.910 119 1 2 3 4 5 6 7 8 CORPORATE SHARES CREDIT MKT. INSTRUMENTS U.S. GOVT. SECURITIES CORPORATE BONDS MORTGAGES MISCELLANEOUS 739 1.308 279 946 83 173 941 1.578 -172 1.622 128 229 1.135 1.807 -189 1.862 134 82 1.381 1.705 41 1.505 159 . 34 1.743 1.732 242 1.243 247 147 1.946 1.805 -121 1.614 312 206 2.258 1.572 130 1.183 259 93 2.198 1.769 234 1.219 316 191 2.170 2.154 351 1.459 344 90 2.212 2.299 127 1.646 526 280 3 4 5 6 7 8 STATE + LOCAL GOVT. EMPLOYEE RETIREMENT FUNOS 1 2 3 4 5 6 7 8 9 10 ll 12 NET ACQ.OF FINAN. ASSETS DEMAND OEP. AND CURRENCY CORPORATE SHARES CREDIT MKT. INSTRUMENTS U.S.GOVT.SECURITIES DIRECT U.S.G. AGENCY SEC. STATE + LOCAL OBLIGATION OTHER CR.MKT.INSTRUMENTS CORPORATE BONDS MORTGAGES OTHER 1.289 -20 1.404 16 1.630 47 1.504 7 1.991 -23 2.278 22 2.450 34 2.524 30 2.407 6 2. 807 -2 1 2 28 1.255 303 283 20 347 633 536 69 26 34 1.326 287 278 9 387 686 575 77 28 51 1.500 144 114 30 . 429 978 782 145 32 58 1.408 -17 -37 20 424 1.059 805 196 31 75 1.900 470 441 29 288 1.217 886 256 39 86 2.124 299 249 50 155 1.756 1.212 458 46 152 2.215 164 89 75 -143 2.346 1.748 446 49 197 2.247 424 300 124 -459 2.479 1 .936 346 50 209 2.144 362 410 -48 -500 2.491 1.912 370 48 273 2.480 554 520 34 -404 2.603 1.872 458 56 3 4 5 6 7 8 9 10 11 12 OTHER INSURANCE COMPANIES 1 2 3 CURRENT SURPLUS NET ACQ. OF FINAN. ASSETS DEMAND OEPOSITS + CURRENC 240 -80 -196 59 20 7 263 287 264 -136 -303 1 1.153 -5 1.309 33 1.863 106 1.083 -39 1.028 -36 2 3 1.010 25 607 -68 963 -8 1.155 73 1.744 -8 4 5 6 7 8 9 10 CORPORATE SHARES CREDIT MKT. INSTRUMENTS U.S. GOVT. SECURITIES STATE ANO LOCAL OBLIG. CORPORATE BONDS COMMERCIAL MORTGAGES TRADE CRLDIT 163 730 -108 792 37 9 92 136 404 -353 721 27 9 135 125 686 -147 653 180 C 160 134 800 -24 681 144 -1 148 267 1.302 265 990 61 -14 183 264 742 -193 845 87 3 152 260 957 -52 973 30 6 59 248 1.301 126 848 348 -21 208 156 835 182 707 -41 -13 131 103 809 112 358 340 -1 152 4 5 6 7 8 9 10 11 12 NET INCREASE IN LIABILITIES DISCREPANCY 643 -127 602 -85 1.100 -59 921 -175 1.123 -414 915 25 790 -232 712 -887 1.052 -167 1.218 -113 11 12 MONEY AMOUNTS ARE IN MILLIONS OF OOLLARS AUGUST, 1972 INSURANCE ♦ PENSION FUNDS INSURANCE «- PENSION FUNDS 33 SECTOR STATEMENTS OF SAVING AND INVESTMENT 33 ANNUAL FLOWS, 1965-71 ANNUAL FLOWS, 1965-71 1965 1966 1967 1968 LIFE 1969 1970 1971 197c 1973 1974 INSURANCE COMPANIES 969 439 1.099 522 841 637 609 749 898 816 832 966 1.036 1.448 1 2 NET ACQUIS. OF FINAN. ASSETS DEM. DEPOSITS ♦ CURR. 8.724 14 8.246 29 8.679 28 9.778 124 9.215 -49 9.936 124 12.526 18 3 4 CORPORATE SHARES CREDIT MKT. INSTRUMENTS U.S. GOVT. SECURITIES STATE AND LOCAL OBLIG. CORPORATE BONOS HOME MORTGAGES OTHER MORTGAGES OTHER LOANS MISCELLANEOUS ASSETS 708 7.532 -42 9 -278 2.787 1.064 3.797 591 470 268 7.713 -382 -376 2.352 644 3.952 1.523 236 1.017 7.365 -282 -138 3.844 -470 3.377 1.034 269 1.357 7.680 -76 213 3.868 -733 3.192 1.216 617 1.705 6.697 -308 15 1.511 -1.066 3.118 3.427 862 1.984 7.007 87 85 1.471 -1.288 3.636 3.016 821 3.640 6.051 -155 212 5.145 -2.084 3.305 1.628 817 5 6 7 8 9 10 11 12 13 7.882 4.651 2.075 1.176 7.905 4.528 2. IOC 1.217 9.028 4.904 2.600 1.635 9. 100 4.555 2.925 1.458 9.245 4.834 2.925 1.431 10. 150 5.066 3.275 1.697 11.814 6.556 3.300 2.028 14 15 16 17 -312 236 553 -818 112 80 -1.124 18 1 2 CURRENT SURPLUS PHYSICAL INVESTMENT 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 NET INCREASE IN LIABILITIES LIFE INSURANCE RESERVES PENSION FUND RESERVES OTHER LIABILITIES 18 DISCREPANCY PRIVATE PENSION FUNDS 1 2 NET ACQ. OF FINAN. ASSETS DtM. DEPOSITS + CURR. 5.534 49 7.157 -41 6.562 419 6.405 273 6.342 27 7.137 185 7.256 -163 1 2 3 4 5 6 7 8 CORPORATE SHARES CREDIT MKT. INSTRUMENTS U.S. GOVT. SECURITIES CORPORATE BONDS MORTGAGES MISCELLANEOUS 3.124 2.080 5 1.497 578 281 3.676 2.624 -491 2.528 587 898 4.562 744 -552 1.124 172 837 4.718 1.062 433 645 -16 352 5.382 609 -153 613 149 324 4.566 2.371 236 2.C53 82 15 8.915 -1.564 -296 -653 -615 68 3 4 5 6 7 8 STATE + LOCAL GOVT. EMPLOYEE RETIREMENT FUNDS 1 2 3 4 5 6 7 8 9 10 11 12 NET ACQ.OF FINAN. ASSETS DEMANO DEP. AND CURRENCY CORPORATE SHARES CREDIT MKT. INSTRUMENTS U.S.GOVT.SECURITIES DIRECT U.S.G. AGENCY SEC. STATE + LOCAL OBLIGATION OTHER CR.MKT.INSTRUMENTS CORPORATE BONDS MORTGAGES OTHER 3.343 6 3.846 51 3.960 91 4.692 143 5.042 -128 6.755 122 6.845 -91 1 2 352 2.918 389 233 156 -275 3.156 2.128 676 67 488 3.227 52 -63 115 -144 3.807 2.549 770 80 670 2.839 -942 -1.075 133 -75 4.526 3.369 487 360 1.317 3.181 322 -212 534 -24 4.200 2.524 359 51 1.788 3.362 -331 -473 142 -51 5.532 3.122 622 20 2.137 4.332 -51 -350 299 -299 6.819 3.857 825 164 3. 185 3.646 -847 -540 -307 -174 7. 852 4.391 276 105 3 4 5 6 7 8 9 10 ll 12 OTHER INSURANCE COMPANIES 1 CUFFENT SURPLUS 2 3 NET ACQ. OF FINAN. ASSETS DEMAND DEPOSITS + CURRENC -96 494 424 135 -9 7 759 1.509 1 1.229 -75 2.120 8 1.991 -44 3.062 77 2.934 -41 5.432 111 4.895 18 2 3 4 5 6 7 8 9 10 CORPORATE SHARES CREDIT MKT. INSTRUMENTS U.S. GOVT. SECURITIES STATE AND LOCAL OBLIG. COFPORATE BONOS COMMERCIAL MORTGAGES TRADE CREDIT 87 1.052 6 379 645 22 165 391 1.472 -399 1.299 571 1 249 335 1.422 -688 1.386 705 19 278 755 1.93 0 -241 992 1.171 8 300 979 1.574 -486 1.244 809 7 422 966 3.883 81 1 .452 2.305 45 472 2.471 1.876 -396 1.500 722 50 530 4 5 6 7 8 9 10 11 12 NET INCREASE EN LIABILITIES DISCREPANCY 1.602 277 1.787 161 2.078 511 2.444 -48 3 3.396 365 3.483 -1.190 3.400 14 11 12 MONEY AMOUNTS ARE IN MILLIONS OF DULLARS AUGUST, 1972 FINANCE N.E.C FINANCE N.E.C. 34 SECTOR STATEMENTS OF SAVING AND INVESTMENT ANNUAL FLOWS, 1946-54 ANNUAL FLOWS, 1946-54 1946 1945 1 CURRENT SURPLUS OF GROUP -102 1947 -11 1948 1949 106 1950 65 1951 1952 1953 1954 139 127 120 178 53 1 FINANCE COMPANIES 1 2 3 4 5 NET ACQ. OF FINAN. ASSETS DEMAND DEP.+ CURRENCY HOME MORTGAGES CONSUMER CREDIT OTHER LOANS (TO BUS. I 621 -9 99 584 -53 627 -62 61 865 -237 1.121 175 -11 847 110 1.042 111 75 1.099 -243 1.560 168 166 1.010 216 541 118 -98 287 234 1.03 8 30 242 1.455 -699 1.748 26 26 1.567 129 428 48 221 439 -280 1 2 3 4 5 6 7 8 9 NET INCREASE IN LIABILITIES CORPORATE BONOS BANK LOANS N.E.C. OPEN MARKET PAPER 624 161 320 143 597 192 283 122 1.039 42 5 435 179 933 382 383 168 1.364 380 946 38 397 288 -241 350 1.295 257 6 84 354 1.530 1.401 -88 217 364 321 193 -150 6 7 8 9 OPEN-END INVESTMENT COMPANIES 1 CURRENT SURPLUS 2 3 NET ACQ. OF FINAN. ASSETS DEM. DEPOSITS ♦ CURR. 4 5 6 7 8 9 CORPORATE SHARES CREDIT MKT. INSTR. U.S.GOVT. SECURITIES CORPORATE BONDS COMMERCIAL PAPER NET SHARE ISSUES -117 -46 52 -52 -27 -32 -26 -24 -102 1 165 0 163 2 148 -2 275 14 212 15 266 45 505 -10 384 23 420 -I 2 3 143 22 -5 27 0 157 4 12 -8 0 118 32 22 10 0 204 57 39 18 0 125 72 25 47 0 179 41 0 41 0 43 3 82 1 81 0 364 -3 -1 -2 0 297 124 25 99 0 4 5 6 7 8 282 209 96 327 239 297 531 408 522 9 SECURITY BROKERS ANO OEALERS 1 2 3 4 5 6 7 8 9 10 11 NET ACQ. OF FINAN. ASSETS DEMAND DEP. + CURRENCY CORPORATE EQUITY SHARES CREDIT MKT. INSTR. U.S.GOVT. SECURITIES STATE+LOCAL GOVT. SEC. CORPORATE+FGN. BONDS SECURITY CREDIT -1.600 229 -104 -1.067 -964 0 -103 -658 -792 -101 10 -743 -655 -97 9 42 485 -71 3 ' 584 558 24 2 -31 NET INCR. IN LIAB.- SEC. CR FROM BANKS CUSTOMER CREDIT BALANCES -1.610 -1.654 44 -784 -694 -90 486 514 -28 534 -68 185 53 -117 -15 185 364 390 145 -140 -138 -117 118 -139 523 -330 -30 15 -244 -273 14 15 -71 441 -56 89 327 394 -156 89 81 402 -74 -11 123 -68 202 -11 364 1.044 82 130 26 26 — 13U 130 806 1 2 3 4 5 6 7 8 52 0 469 51 372 89 283 -331 -250 -81 42 7 608 -181 389 401 -12 1.005 668 337 9 10 11 ANNUAL FLOWS, 1955-64 ANNUAL FLOWS, 1955-64 1955 1 1956 0 CURRENT SURPLUS OF GROUP -27 1957 -31 1959 1958 4 1960 -95 1961 1962 1963 1964 -193 -285 -268 -149 -651 1 FINANCE COMPANIES 1 2 3 4 5 NET ACQ. OF FINAN. ASSETS DEMAND OEP.+ CURRENCY HOME MORTGAGES CONSUMER CREDIT OTHER LOANS (TO BUS.I 4.096 255 527 2.775 539 714 13 -104 887 -82 1.126 83 -325 511 857 -734 124 457 -919 -396 2.8 76 305 247 1.731 593 3.035 .120 -36 1.387 1.564 1.014 196 635 72 111 2.467 126 451 1.842 48 4.117 -187 833 2.208 1.263 3. 889 0 390 2.084 1.415 1 2 3 4 5 6 7 8 9 NET INCREASE IN LIABILITIES CORPORATE BONOS BANK LOANS N.E.C. OPEN MARKET PAPER 3.906 1.351 2.309 246 651 995 -476 132 1.168 710 8 45C -707 167 -738 -136 2.746 1.118 930 698 2.928 1 .537 550 841 982 530 588 -136 2.568 315 1.043 1.210 4.011 1.431 1.603 977 4.055 2.103 49 5 1.457 6 7 8 9 OPEN-END INVESTMENT COMPANIES 1 CURRENT SURPLUS 2 NET ACQ. OF FINAN. ASSETS DEM. DEPOSITS ♦ CURR. 3 4 5 6 7 9 9 CORPORATE SHARES CREOIT MKT. INSTR. U.S.GOVT. SECURITIES CORPORATE BONDS COMMERCIAL PAPER NET SHARE ISSUES -203 -262 -235 -189 -345 -379 -465 -435 -442 -803 1 671 -36 832 19 938 -5 1.241 69 1.391 39 1.112 18 1.434 88 1.408 -23 785 61 1.0 70 59 2 3 503 199 101 34 64 584 229 21 194 14 79149 1 113 35 975 197 124 155 -82 1.009 343 155 156 32 843 251 63 156 32 1.031 315 69 -94 1 .099 332 49 20 253 58b 136 -9 171 -26 721 290 39 361 -110 4 5 6 7 8 879 1.094 1.173 1.430 1.736 1.491 1.899 .1.843 1.227 1.873 9 3hO SECURITY BROKERS ANO Ol ALERS 1 2 3 4 6 7 8 9 1C 11 -57b NFT ACQ. OF FINAN. ASSETS DEMAND OEP. + CURRENCY CORPORATE EQUITY SHARES CREDIT MKT. INSTR. U.S.GOVT. SECURITIES STATE+LOCAL GOVT. SEC. CORPORATE+FGN. BUNDS SECURIIT CREDIT 317 -27 155 -247 -402 0 15 5 436 -20C -420 -20 -200 - 2 jj 34 NET INCR.. IN LIA6.- StC. CR =R0M EANKS 296 434 -138 -588 -573 -15 CUSTOMER CREDIT BALANCES MONEY AMOUNTS ARE IN MILLICNS OF DOLLARS -337 594 24 -283 -112 155 15 -2 8 2 965 101 29 80 -11 -177 87 79 3 532 24 -30 662 593 98 -29 -124 991 64 -44 -103 8 -67 -44 1.074 897 -40 118 97 b 671 190 117 -i 59 589 94 116 -1.152 -1.258 -9 115 1.531 201 39 -94 741 656 179 -94 -485 1 2 3 4 5 6 7 8 129 111 lb 56 1 2 72 289 34 218 -179 495 342 153 914 bi: 2 92 9 ?0 923 -3 523 530 -7 139 185 -46 9 10 11 1^7 9 t5 3rj0 20b 100 m4 AUGUST, 1972 FINANCE N.E.C FINANCE N.E.C. SECTOR STATEMENTS OF SAVING ANO 35 INVESTMENT ANNUAL FLOWS, 1965-71 ANNUAL FLOWS, 1965 -6 99 CURRENT SURPLUS OF GROUP 1966 1967 1968 1969 19 70 -1.122 -1.030 -1.807 -2.244 -1.094 1971 1972 1973 1965-71 1974 -696 I FINANCE COMPANIES 1 2 3 4 5 NET ACO. OF FINAN. ASSETS DEMANO DEP.+ CURRENCY HOME MORTGAGES CONSUMER CREDIT OTHER LOANS I TO BUS. 1 5.355 200 542 2.641 1.972 2.620 200 -564 1.809 1.175 881 200 396 643 -358 5.459 218 641 2.364 2.236 7.967 280 281 2.569 4. 837 1.887 293 141 -611 2.064 4. 208 276 1.053 1.017 1.362 1 2 3 4 5 6 7 8 9 NET INCREASE IN LIABILITIES CORPORATE BONDS BANK LOANS N.E.C. OPEN MARKET PAPER 5.159 1.890 2.244 1.025 2.793 760 -1.363 3.396 874 1.033 -2.003 1.844 5.521 811 2.258 2.452 8.333 1.567 2.074 4.692 1.805 2.544 -497 -242 4.287 3.788 709 -210 6 7 8 9 OPEN-END INVESTMENT COMPANIES 1 CURRENT SURPLUS 2 3 NET ACQ. OF FINAN. ASSETS DEM. DEPOSITS + CURR. 4 5 6 7 8 9 -1.071 -1.195 -1.467 -2.201 -2.228 -984 -851 1 2.043 93 2.521 -6 1.092 151 2.530 122 3.317 -67 1.610 -10 458 114 2 3 1.164 786 44 405 337 992 1.535 626 361 548 1.453 -512 -516 44 -40 1.460 948 222 449 277 2.478 906 -468 180 1.194 1.109 511 175 698 -362 445 -101 -291 624 -434 4 5 6 7 8 3.114 3.716 2.559 4.731 5.545 2.594 1.309 9 CORPORATE SHARES CREDIT MKT. INSTR. U.S.GOVT. SECURITIES CORPORATE BONDS COMMERCIAL PAPER NET SHARE ISSUES SECURITY BROKERS AND OEALERS 1 2 3 4 5 6 7 8 9 1C 11 NET ACQ. OF FINAN. ASSETS DEMANO DEP. + CURRENCY CORPORATE EQUITY SHARES CREDIT MKT. INSTR. U.S.GOVT. SECURITIES STATE+LOCAL GOVT. SEC. CORPORATE+FGN. BONDS SECURITY CREDIT 130 73 52 -482 -293 -240 51 487 692 120 36 707 660 12 35 -171 2. 399 186 57 -661 -759 41 57 2.817 2.358 413 -453 372 782 42 -45 2 2.026 -2.125 277 200 -23 -36 -187 200 -2.579 1.196 45 166 2.387 1.668 554 165 -1.402 525 6 5 -1.482 -1.599 113 4 1.996 1 2 3 4 5 6 7 8 NET INCR. IN LIAB.- SEC. CR FROM BANKS CUSTOMER CREDIT BALANCES 1 -547 548 593 625 -32 2.122 883 1.239 2.040 991 1.049 -2.033 -1.027 -1.006 1.364 1.932 -568 583 652 -69 9 10 11 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST, 1972 REST OF THE WORLD REST OF THE WORLD SECTOR STATEMENTS OF 36 SAVING AND INVESTMENT ANNUAL FLOWS, 1946-54 ANNUAL FLOWS, 1946-54 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 REST OF THE WORLD 1 2 3 4 5 NET U.S.EXPORTS U.S.EXPORTS U.S.IMPORTS TRANSFER RECEIPTS FROM U.S. CURRENT ACCOUNT BALANCE 14-1 I (U.S. BALANCE, SIGN REVERSED) 7.494 14.735 7.241 2.899 -4.595 11.529 19.737 8.208 2.612 -8.917 6.440 16.789 10.349 4.511 -1.929 6.149 15.770 9.621 5.627 -522 1.779 13.807 12.028 4.007 2.228 3.671 18.744 15.073 3.492 -179 2.226 17.992 15.766 2.505 279 386 16.947 16.561 2.454 2.068 1.828 17.759 15.931 2.262 434 1 2 3 4 5 6 7 8 9 10 NET FINANCIAL INVESTMENT NET ACQUIS. OF FINAN. ASSET GOLD + SDR'S U.S. OEM. DEP. + CURRENCY TIME DEPOSITS -5.040 -1.851 -623 -397 4 -9.853 -712 -2.162 -562 -18 -3.108 -822 -1.531 481 21 -1.297 77 -164 -211 142 2.249 3.654 1.743 47 227 -656 528 -52 -335 -288 -323 1.293 -380 2 50 141 1.729 2.235 1.161 -452 601 261 1.608 298 210 492 6 7 8 9 10 11 12 13 14 15 U.S.CORPORATE SHARES CREDIT MKT. INSTRUMENTS U.S. GOVT. SECURITIES U.S. CORPORATE BONOS(l) ACCEPTANCES -64 -981 -723 -274 16 -151 -633 -690 51 6 -144 439 43 8 -48 49 -21 394 268 95 31 3 1.243 1.195 -10 58 120 17 -80 6 91 1 1.120 1.068 36 16 55 592 485 15 92 135 432 243 6 183 ll 12 13 14 15 16 17 5 -4 -17 -6 -22 -34 3 -44 14 31 -3 24 -2 41 -6 -50 25 -38 16 17 18 19 20 SECURITY CREDIT TRADE CREDIT BANK LIABILITIES TO FOREIGN AFFILIATES DIRECT INVESTMENT IN U.S. UNALLOCATED -148 -4 361 182 10 2.645 179 34 -245 363 56 -441 338 80 -72 460 90 495 135 132 -145 -69 158 245 140 124 -210 18 19 20 21 22 FINAN. SOURCES OF FUNDS,NET OFFICIAL U.S. FGN. EXCHAN 3.189 -248 9.141 1.185 2.286 356 1.374 169 1.405 -16 1.184 -20 1.616 36 506 -95 1.347 -182 21 22 23 24 25 26 27 FGN. CORPORATE SHARES CREDIT MKT. INSTRUMENTS CORPORALE BONDS BANK LOANS N.E.C. OTHER LOANS 0 3.413 -92 232 3.273 -15 4.388 -21 260 4.149 15 1.284 80 94 1.110 -18 285 -9 -171 465 24 211 251 -216 176 76 547 277 59 211 60 431 27 6 398 -51 51 -112 -106 269 256 178 -50 355 -127 23 24 25 26 27 28 29 30 31 32 33 SECURITY DEBT TRAOE DEBT USG EQUITY IN IBRD, ETC. FGN. CURR. HELD IN U.S. U.S. DIRECT I NV. ABROAOt 1 ) UNALLOCATED -4 -39 0 -175 230 12 -5 82 0 183 749 2.574 -3 37 0 -152 721 28 2 -9 0 177 660 108 6 -21 0 182 621 398 3 42 0 -140 508 168 1 27 0 -6 852 215 0 -19 0 21 735 -136 30 69 0 214 667 115 28 29 30 31 32 33 445 936 1.179 775 -21 477 602 339 173 34 34 DISCREPANCY ANNUAL FLOWS, 1955-64 ANNUAL FLOWS, 1955-64 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 REST OF THE WORLD 1 2 3 4 5 NET U.S.EXPORTS U.S.EXPORTS U.S.IMPORTS TRANSFER RECEIPTS FROM U.S. CURRENT ACCOUNT BALANCE(4-1) (U.S. BALANCE, SIGN REVERSED) 2.009 19.804 17.795 2.486 477 3.967 23.595 19.628 2.398 -1.569 5.729 26.481 20.752 2.318 -3.411 2.206 23.067 20.861 2.338 132 147 23.489 23.342 2.424 2.277 4.046 27.244 23.198 2.336 -1.710 5.621 28.575 22.954 2.559 -3.062 5.130 30.278 25.148 2.657 -2.473 5.897 32.339 26.442 2.784 -3.113 8.462 37.099 28.637 2.782 -5.680 1 2 3 4 5 6 7 8 9 10 NET FINANCIAL INVESTMENT NET ACQUIS. OF FINAN. ASSET GOLD + SDR’S U.S. DEM. DEP. + CURRENCY TIME OEPOSITS -26 1.398 40 -176 -101 -2.112 2.152 -305 221 -142 -4.568 334 -799 349 -124 -356 3.534 2.275 -96 881 1.878 4.646 1.075 134 -839 -717 3.822 1.703 -18 284 -2.043 3.314 857 976 52 -1.290 2 .589 890 135 498 -2.760 3.445 461 266 851 -4.766 3.443 125 750 1.155 6 7 8 9 10 11 12 13 14 15 U.S.CORPORATE SHARES CREDIT MKT. INSTRUMENTS U.S. GOVT. SECURITIES U.S. CORPORATE BONDS!11 ACCEPTANCES 127 969 1.060 54 -145 256 1.147 848 67 232 147 551 178 90 283 -54 37 94 54 -111 351 2.875 3.017 -56 -86 203 1.189 576 79 534 323 517 44 7 1 69 109 1 .374 1.322 25 27 225 697 590 57 50 -292 866 475 208 183 11 12 13 14 15 16 17 -17 45 2 107 6 85 27 -66 -12 164 5 -85 37 189 -37 -87 -3 -33 7 65 16 17 18 19 20 SECURITY CREDIT TRADE CREDIT BANK LIABILITIES .TO FOREIGN AFFILIATES DIRECT INVESTMENT IN U.S. UNALLOCATED 96 197 218 363 232 271 -195 155 159 190 98 242 45 238 615 912 141 -512 267 73 23 -109 132 -316 372 -5 614 560 -5 212 18 19 20 21 22 FINAN. SOURCES OF FUNOS,NET OFFICIAL U.S. FGN. EXCHAN 1.424 -141 4.264 564 4.902 367 3.890 -17 2.768 40 4.539 -443 5.357 251 3.879 -642 6.205 85 8.209 -45 21 22 23 24 25 26 27 FGN. CORPORATE SHARES CREOIT MKT. INSTRUMENTS CORPORATE BONDS BANK LOANS N.E.C. OTHER LOANS 173 177 -193 364 6 111 863 310 355 198 35 1.333 435 353 545 332 2.000 918 526 556 195 739 473 323 -57 86 1.756 577 121 1.058 325 2.156 437 630 1.089 -25 1.848 994 163 691 111 3.645 993 1.027 1.625 210 4.920 467 2.439 2.014 23 24 25 26 27 28 29 30 31 32 33 SECURITY DEBT TRAOE DEBT USG EQUITY IN IBRD, ETC. FGN. CURR. HELD IN U.S. U.S. DIRECT INV.ABROAD!1) UNALLOCATED 0 54 0 289 323 49 -6 142 35 540 1.951 64 0 88 0 653 2.442 -16 17 -22 0 373 1.181 26 10 83 0 -13 1.372 342 -3 764 154 565 1.6 74 -14 37 69 171 46 3 1.599 286 -36 509 122 143 1.654 306 23 -378 62 337 1.976 344 -17 765 50 125 2.327 -126 28 29 30 31 32 33 50 3 543 43 8 399 -993 -1.019 -1.183 -353 -914 34 34 DISCREPANCY. (1) NET OF IJ.S MONEY AMOUNTS ARE ISSUES IN FGN. MARKETS TO FINANCE U.S IN MILLIONS OF DOLLARS 1.157 INVESTMENT AdKUAD. AUGUST, 1972 REST OF THE WORLO REST OF THE WORLD 37 37 SECTOR STATEMENTS OF SAVING AND INVESTMENT ANNUAL FLOWS, 1965-71 ANNUAL FLOWS, 1965 1966 1967 1968 1969 REST OF 1970 1971 1972 1973 1965-71 1974 THE WORLD NET U.S.EXPORTS U.S.EXPORTS U.S.IMPORTS TRANSFER RECEIPTS FROM U.S. CURRENT ACCOUNT BALANCE14-1I (U.S. BALANCE, SIGN REVERSEDI 6.901 39.196 32.295 2.834 -4.067 5.280 43.360 38.080 2.833 -2.447 5. 213 46.203 40.990 2.970 -2.243 2.489 50.623 48.134 2.875 386 1.910 55.502 53.592 2. 945 1.035 3.562 62.870 59.308 3.206 -356 726 66.132 65.406 3.575 2.849 1 2 3 4 5 6 7 8 9 10 NET FINANCIAL INVESTMENT NET ACQUIS. OF FINAN. ASSET GOLD + SDR*S U.S. DEM. DEP. + CURRENCY TIME DEPOSITS -3.751 1.856 1.665 124 591 -1.943 3.297 571 403 310 -1.157 7.576 1.170 330 1.238 879 8.455 1.173 587 -302 3.434 10.311 -967 288 1.109 660 5.805 803 208 -1.704 13.648 22.214 1.334 228 547 6 7 8 9 1C 11 12 13 14 15 U.S.CORPORATE SHARES CREDIT MKT. INSTRUMENTS U.S. GOVT. SECURITIES U.S. CORPORATE BONDS!11 ACCEPTANCES -400 57 -158 -147 362 -305 -1.565 -2.415 620 230 698 1.99 8 2.091 -128 35 2.097 270 -471 162 579 1.565 -301 -1.813 518 994 697 10.270 9.112 671 487 851 26.407 26.302 264 -159 11 12 13 14 15 16 17 42 136 17 459 136 367 325 921 -202 776 -85 1.294 -38 16 16 17 18 19 20 SECURITY CREDIT TRADE CREOIT BANK LIABILITIES TO FOREIGN AFFILIATES DIRECT INVESTMENT IN U.S. UNALLOCATED 72 56 -487 2.942 87 378 703 258 678 2.318 320 746 7.936 832 -725 -6.939 969 292 -4.069 -192 -2.870 18 19 20 21 22 FINAN. SOURCES OF FUNDS,NET OFFICIAL U.S. FGN. EXCHAN 5.607 442 5.240 3 8.733 1.119 7.576 2.052 6.877 288 5.145 -2.541 8.566 -1.732 21 22 23 24 25 26 27 FGN. CORPORATE SHARES CREDIT MKT. INSTRUMENTS CORPORATE BONDS BANK LOANS N.E.C. OTHER LOANS 298 2.243 460 329 1.454 -253 1.566 735 -388 1.219 50 3.967 1.216 -278 3.029 155 2.899 1.071 -226 2.054 46 7 2.857 1.028 -595 2.424 68 2.965 874 -39 2.130 17 5.624 893 2.650 2.081 23 24 25 26 27 28 29 30 31 32 33 SECURITY DEBT TRADE DEBT USG EQUITY IN IBRD, ETC. FGN. CURR. HELD IN U.S. U.S. OIRECT INV.ABROAD!1> UNALLOCATED 28 -56 61 -387 3.277 -299 9 333 0 370 3.029 183 170 515 83 -69 2.690 208 210 399 137 480 1.079 165 -230 821 184 -462 2.225 727 1 2.092 235 -211 3.624 -1.088 33 -370 252 398 3.389 955 28 29 30 31 32 33 -316 -504 -1.086 -493 2.399 1.016 -10.799 34 1 2 3 4 5 34 DISCREPANCY (U NET OF U.S ISSUES IN FGN. MARKETS TO FINANCE U.S, MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS INVESTMENT ABROAD. AUGUST, 1972 MONETARY ANO INSURANCE RESERVES MONETARY AND INSURANCE RESERVES 38 GOLD, OFFICIAL FOREIGN EXCHANGE, TREASURY CURRENCY, ANO INSURANCE RESERVES 38 ANNUAL FLOWS, 1946-54 ANNUAL FLOWS, 1946-54 1945 1946 1948 1947 1950 1949 1951 1953 1952 1954 GOLD AND OFFICIAL FOREIGN EXCHANGE HOLDINGS I. GOLD + SPECIAL DRAWING RIGHTS 1 U.S. GOLD STOCK ANO SDR'S 2 U.S. GOVT.(EX. STAB. FUND) 3 MONETARY AUTHORITIES (1) 623 159 464 2.162 -63 2.225 1.531 41 1.490 164 -19 183 -1.743 -22 -1.721 52 63 -11 380 -112 492 -1.161 -4 -1.157 -298 19 -317 1 2 3 4 MEMO—TOTAL WORLD GOLD STOCK 350 500 410 455 340 220 240 475 650 4 II. U.S. FOREIGN EXCHANGE POSITION -248 1.185 356 169 -16 -20 36 -95 -182 5 6 7 8 OFFICIAL FGN. CURRENCY HLDGS TREASURY FEDERAL RESERVE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6 7 8 9 10 11 12 NET IMF POSITION CAPITAL SUBSCRIPTION LESS-IMF NOTES IMF DEPOSITS AT F. R. -248 0 248 0 1.185 2.750 1.286 279 356 0 -358 2 169 0 -168 -1 -16 0 262 -246 — 20 0 26 -6 36 0 -38 2 -95 0 82 13 -182 0 188 -6 9 10 11 12 126 223 -97 -28 0 -28 -5 27 32 -19 9 -28 -10 38 -48 24 73 -49 37 103 -66 34 82 -48 36 91 -55 13 14 15 5 TCTAL U.S.POSITION III. TREASURY CURRENCY AND SDR CERTIFICATES 13 TOTAL U.S.GOVT. LIABILITY 14 MONETARY AUTHORITIES ASSET 15 UNALLOCATED ASSET (II EXCLUDES INITIAL ALLOCATIONS OF SDR'S. INSURANCE AND PENSION FUNO RESERVES LIFE INSURANCE RESERVES— 1 2 3 NET CHANGE IN LIABILITIES U.S. GOVERNMENT LIFE INSURANCE COMPANIES 3.775 1.165 2.610 3. 125 605 2.520 2.793 213 2.580 2.701 84 2.617 2.920 309 2.611 2.641 173 2.468 2.782 43 2.739 2.964 74 2.890 2.659 -299 2.958 1 2 3 4 NET INCREASE IN ASSETS (HOUSEHOLDS! 3.775 3.125 2.793 2.701 2.920 2.641 2.782 2.964 2.659 4 PENSION FUNO RESERVES— 5 6 7 8 9 10 NET CHANGE IN LIABILITIES U.S. GOVERNMENT INSURANCE SECTOR LIFE INSURANCE COMPANIES PRIVATE PENSION FUNOS S.+ L. GOVT. RTR. FUNOS 1.515 370 1.145 400 469 276 2.229 823 1.406 500 565 341 2.461 823 1.638 600 591 447 2.848 1.040 1.808 62 5 636 547 3.941 784 3.157 775 1.694 688 3.517 710 2.807 975 1.121 711 4.869 958 3.911 1.125 1.775 1.011 4.951 5 30 4.421 1.125 2.010 1.286 5.192 418 4.774 1.175 2.106 1.493 5 6 7 8 9 10 11 NET INCREASE IN ASSETS (HOUSEHOLDS! 1.515 2.229 2.461 2.848 3.941 3.517 4.869 4.951 5.192 11 INTERBANK CLAIMS 1 TOTAL ASSETS 2 3 4 MONETARY AUTHORITIES FEDERAL RESERVE FLOAT LOANS TO MEMBER BANKS 5 COMMERCIAL BANKING—TOTAL 6 7 6 9 10 11 12 13 14 15 16 COMMERCIAL BANKS MEMBER BANK RESERVES VAULT CASH DEPOSITS AT FGN.BK.AG. IOANS TO FGN.BK.AG. TO AFFILIATE BANKS FGN. BANKING AGENCIES DEM.DEPOSITS AT BANKS TIME OEPOSITS AT BANKS IOANS TO BANKS BANKS IN U.S. POSSESSIONS' DEPOSITS AT BANKS 17 TOTAL (.LABILITIES MONET.AUTH.—MEM.BK.RES. 20 21 22 COMMERCIAL BANKING—TOTAL 24 25 26 27 1.921 2.345 -3.871 2.206 2.765 -119 -142 -1.400 1 -27 -45 18 5 6 -1 -32 -7 -25 893 834 59 -232 -184 -48 -109 -217 108 -146 — 32 -114 -130 -127 -3 2 3 4 371 383 224 177 -2 -16 1.94B 1.938 1.760 170 1 2.340 2.338 2.580 -238 -4 0 -3.839 -3.870 -3.916 37 4 5 1.313 1.286 1.118 159 4 5 2.997 2.910 2.375 523 12 0 -10 -50 -106 56 2 -2 4 -22 210 -241 9 0 -1.270 -1.311 -1.284 -43 13 3 5 6 7 8 9 10 1 BANK AFFILIATES—LOANS 18 19 23 187 -184 2 -186 —VAULT CASH COMMERCIAL BANKS TO MONETARY AUTH. LOANS FROM AFFILIATES LOANS FROM FGN.BK.AG. OEM.OEP. OF FGN.BK.AG. TIME OEP.OF FGN.BK.AG. OEP. OF BKS.IN US POSS. 0 0 0 0 0 0 0 0 0 11 9 4 0 5 12 13 G -1 11 12 0 -1 39 35 0 4 32 29 0 3 50 46 0 4 44 39 0 5 23 22 G 1 47 42 O 5 12 13 14 15 -21 -2 -9 -8 -5 37 -4 3 -6 16 187 1.921 2.345 -3.871 2.206 2.765 -119 -142 -1.400 17 224 177 1.760 170 2.580 -238 -3.916 37 1.113 159 2.375 523 -106 56 210 -241 -1.284 -43 18 19 -214 -196 -184 0 5 4 0 -21 -9 -17 -27 0 -1 13 0 -2 3 7 5 0 -1 12 0 -9 8 -1 -32 0 4 35 0 -8 G29 G20 893 0 3 29 0 -5 -133 -145 —232 0 4 46 0 37 -69 -69 -109 0 5 39 0 -4 -111 -120 -146 0 1 22 0 3 -73 -B9 -130 0 5 42 G -6 20 21 22 23 24 25 26 27 -16 -2 7 1 0 -4 5 4 5 4 G 12 -2 2 0 3 9 13 28 29 FOREIGN BANKING AGENCIES— 28 29 LOANS FROM BANKS DEPOSITS OF BANKS MONEY AMOUNTS ARE IN MILLIONS OF OOLLARS. (J) Treasury gotd stock. • AUGUST, 1972 MONETARY AND INSURANCE RESERVES 39 MONETARY AND INSURANCE RESERVES 39 GOLD, OFFICIAL FOREIGN EXCHANGE, TREASURY CURRENCY, ANO INSURANCE RESERVES ANNUAL FLOWS, ANNUAL FLOWS,, 1955-64 1956 1955 1957 1959 1958 1960 1961 1962 1963 1955-64 1964 GOLO AND OFFICIAL FOREIGN EXCHANGE HOLDINGS I. GOLD SPECIAL DRAWING RIGHTS 1 U.S. GOLD STOCK AND SDR'S U.S. GOVT.(EX. STAB. FUNO! 2 3 MONETARY AUTHORITIES (1) -40 -17 -23 305 46 259 799 -33 832 -2.275 -28 -2.247 -1.075 3 -1.078 -1.703 -14 -1.689 -857 21 -878 -890 21 -911 -461 4 -46 5 -125 0 -125 1 2 3 4 MEMO—TOTAL WORLD GOLD STOCK 680 455 690 680 750 345 580 355 3 30 710 4 II. U.S. FOREIGN EXCHANGE POSITION -141 564 367 -17 40 -443 251 -642 35 -45 5 6 7 8 OFFICIAL FGN. CURRENCY HLOGS TREASURY FEDERAL RESERVE 0 0 0 G 0 0 0 0 0 G 0 0 Q 0 0 0 0 0 116 116 0 -17 -98 81 113 41 72 220 78 142 6 7 8 9 10 11 12 NET IMF POSITION CAPITAL SUBSCRIPTION LESS-IMF NOTES IMF DEPOSITS AT F. R. -141 0 117 24 564 0 -562 -2 367 0 -337 -30 -17 0 11 6 40 1.375 1.308 27 -443 0 404 39 135 0 -81 -54 -6 25 0 624 1 -28 0 24 4 -265 0 272 -7 9 10 11 12 19 58 -39 36 80 -44 38 88 -50 39 77 -38 47 87 -40 54 187 -133 20 -13 38 46 11 35 24 -173 L97 13 14 15 5 TOTAL U.S.POSITION III. TREASURY CURRENCY ANO SDR CERTIFICATES 13 TOTAL U.S.GOVT. LIABILITY 14 MONETARY AUTHORITIES ASSET 15 UNALLOCATED ASSET 2 23 -21 (11 EXCLUOES INITIAL ALLOCATIONS OF SDR'S. INSURANCE AND PENSION FUND RESERVES LIFE INSURANCE RESERVES— 1 2 3 NET CHANGE IN LIABILITIES U.S. GOVERNMENT LIFE INSURANCE COMPANIES 2.821 -165 2.986 3.426 303 3.123 2.713 87 2.626 2.912 56 2.856 2.927 109 2.818 3.164 76 3.088 3.373 93 3.280 3.712 125 3.587 4.141 131 4.010 4.316 104 4.212 1 2 3 4 NET INCREASE IN ASSETS (HOUSEHOLDS! 2.821 3.426 2.713 2.912 2.92 7 3.164 3.373 3.712 4.141 4.316 4 PENSION FUND RESERVES— 5 6 7 8 9 10 NET CHANGE IN LIABILITIES U.S. GOVERNMENT INSURANCE SECTOR LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS S.+ L. GOVT. RTR. FUNDS 5.581 689 4.892 1.325 2.278 1.289 6.190 863 5.327 1.175 2.748 1.404 6.740 435 6.305 1.600 3.075 1.630 7.088 934 6.154 1.500 3.150 1.504 8.511 884 7.627 1.975 3.661 1.991 8.447 926 7.521 1.275 3.968 2.278 8.803 916 7.887 1.400 4.037 2.450 9.097 993 8.104 1.375 4.205 2.524 9.723 1. 161 8.562 1.675 4.480 2.407 10.916 1.249 9.667 1.950 4.910 2.807 5 6 7 8 9 10 11 NET INCREASE IN ASSETS (HOUSEHOLDS! 5.581 6.190 6.740 7.088 8.511 8.447 8.803 9.097 9.723 10.916 11 INTERBANK CLAIMS 1.217 762 -167 -611 115 -790 1.370 1.352 59 1.082 1 MONETARY AUTHORITIES FEDERAL RESERVE FLOAT LOANS TO MEMBER BANKS 874 7 77 97 -2 80 -82 -216 -241 25 -132 -128 -4 701 294 40 7 -171 257 -42 3 543 453 90 525 603 -75 -309 -3 03 -6 131 6 125 2 3 4 COMMERCIAL BANKING—TOTAL COMMERCIAL BANKS MEMBER BANK RESERVES VAULT CASH DEPOSITS AT FGN.BK.AG. LOANS TO FGN.BK.AG. BANK AFFILIATES—LOANS TO AFFILIATE BANKS 343 335 129 213 -7 0 764 666 54 579 28 5 49 37 -25 74 -25 13 -479 -563 -530 -86 45 8 -586 -573 -330 -237 -4 -2 -619 -764 -1.093 334 24 -29 827 689 306 341 31 11 827 810 67 658 100 -15 368 255 -405 623 8 29 951 756 1.037 -436 1C6 49 5 6 7 F 1C 1 TOTAL ASSETS 2 3 4 5 6 7 8 9 1C H 12 13 14 15 16 FGN. BANKING AGENCIES OEM.DEPOSITS AT BANKS TIME CEPOSITS AT BANKS LOANS TO BANKS BANKS IN U.S. POSSESSIONS— DEPOSITS AT BANKS 17 TOTAL LIABILITIES 9 0 0 0 0 0 0 0 0 0 0 11 1 -2 0 3 77 70 0 7 -16 -20 C 4 67 64 0 3 16 13 0 3 128 123 0 5 102 97 0 5 5 10 0 -5 103 86 Q 17 185 177 0 8 12 13 16 14 15 7 21 28 17 -29 17 36 12 10 10 1.217 762 -167 -611 115 -790 1.370 1.352 59 1.082 17 18 19 MONET.AUTH.—MEM.BK.RES. —VAULT CASH 129 213 54 579 -25 74 -530 -86 -330 -237 -1.093 334 306 341 67 658 -405 623 1.037 -436 18 19 20 21 22 23 24 25 26 27 CCMMERCIAL BANKING—TOTAL COMMERCIAL BANKS TO MONETARY AUTH. LOANS FROM AFFILIATES LOANS FROM FGN.BK.AG. DEM.DEP. OF FGN.BK.AG. TIME DEP.OF FGN.BK.AG. DEP. OF BKS.IN US POSS. 875 882 874 0 3 -2 0 7 129 96 -2 0 7 70 0 21 -216 -204 -216 0 4 -20 0 28 5 -48 -132 0 3 64 0 17 682 688 701 0 3 13 C -29 -31 -26 -171 0 5 123 0 17 723 681 543 0 5 97 0 36 62 7 542 525 0 -5 10 0 12 -159 -196 -309 0 17 86 0 10 481 326 131 0 8 177 0 10 20 21 22 23 24 25 26 27 0 -7 5 28 13 -25 8 45 -2 -4 -29 24 ll 31 -15 100 29 8 49 106 28 29 29 29 FOREIGN BANKING AGENCIES— LOANS FROM BANKS DEPOSITS OF BANKS MONEY AMOUNTS ARE IN. MILLIONS OF DOLLARS. (I) Treasury gold stock. AUGUST, 1972 MONETARY ANO INSURANCE RESERVES MONETARY AND INSURANCE RESERVES GOLO, OFFICIAL FOREIGN EXCHANGE, TREASURY CURRENCY, ANO INSURANCE RESERVES 40 40 ANNUAL_FLOWS» 1965-71 ANNUAL FLOWS, 1965-71 1965 1966 1969 1968 1967 1970 1971 GOLD ANO OFFICIAL FOREIGN EXCHANGE HOLDINGS I. 1972 1973 1974 (1) GOLD + SPECIAL DRAWING RIGHTS 1 U.S. GOLD STOCK AND SDR'S 2 U.S. GOVT.(EX. STAB. FUNDI 3 MONETARY AUTHORITIES (2) -1.665 -10 -1.655 -571 3 -574 -1. 170 7 -1.177 -1.173 442 -1.615 96 7 967 0 -803 -1.159 356 -1.334 -743 -591 1 2 3 215 -45 -1.585 -695 110 260 -90 4 4 MEMO--TOTAL WORLD GOLD STOCK II. U.S. FOREIGN EXCHANGE POSITION 5 TOTAL U.S.POSITION 442 3 1.119 2.052 288 -2.541 -1.732 5 6 7 8 OFFICIAL FGN. CURRENCY HLDGS TREASURY FEDERAL RESERVE 349 15 334 540 294 246 1.024 295 729 1.183 726 45 7 -747 -653 -94 -2.152 -442 -1.710 -381 -141 -240 6 7 8 9 10 11 12 NET IMF POSITION CAPITAL SUBSCRIPTION LESS-IMF NOTES IMF DEPOSITS AT F. R. 93 259 162 4 -537 -330 199 8 95 -679 -7 77 3 869 -200 -1.067 -2 1.035 38 -1.000 3 -389 -375 0 14 -1.351 -1.350 0 1 9 10 11 12 899 742 157 683 467 216 416 167 249 272 53 219 622 701 -79 490 478 12 13 14 15 III. TREASURY CURRENCY AND SDR CERTIFICATES 13 TOTAL U.S.GOVT. LIABILITY 14 MONETARY AUTHORITIES ASSET 15 UNALLOCATED ASSET (1) 234 170 64 EXCLUDES INITIAL ALLOCATIONS OF SDR'S. INSURANCE AND PENSION FUND RESERVES LIFE INSURANCE RESERVES— 1 2 3 NET CHANGE IN LIABILITIES U .S. GOVERNMENT LIFE INSURANCE COMPANIES 4.785 134 4.651 4.635 107 4.528 4.984 80 4.904 4.541 -14 4.555 4.900 66 4.834 5. 172 106 5.066 6.627 71 6.556 1 2 3 4 NET INCREASE IN ASSETS (HOUSEHOLDS) 4.785 4.635 4.984 4.541 4.900 5.172 6.62 7 4 12.267 1.315 10.952 2.075 5.534 3.343 14.356 1.253 13.103 2.100 7.157 3.846 14.437 1.315 13.122 2.600 6.562 3.960 15.358 1.336 14.022 2.925 6.405 4.692 15.828 1.519 14.309 2.925 6.342 5.042 19.548 2.381 17.167 3.275 7.137 6.755 20.244 2.843 17.401 3.300 7.256 6.845 5 6 7 8 9 10 12.267 14.356 14.4-37 15.358 15.828 19.548 20.244 ll PENSION FUND RESERVES— 5 6 7 8 9 10 NET CHANGE IN LIABILITIES U .S. GOVERNMENT INSURANCE SECTOR LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS S.+ L. GOVT. RTR. FUNOS 11 NET INCREASE IN ASSETS (HOUSEHOLDS) INTERBANK CLAIMS 1 TOTAL ASSETS MONETARY AUTHORITIES FEDERAL RESERVE FLOAT LOANS TO MEMBER BANKS 2 3 4 5 6 7 8 9 10 11 COMMERCIAL BANKING—TOTAL COMMERCIAL BANKS MEMBER BANK RESERVES VAULT CASH DEPOSITS AT FGN.BK.AG. LOANS TO FGN.BK.AG. BANK AFFILIATES—LOANS TO AFFILIATE BANKS FGN. BANKING AGENCIES DEM.DEPOSITS AT BANKS TIME DEPOSITS AT BANKS LOANS TO BANKS BANKS IN U.S. POSSESSIONS— DEPOSITS AT BANKS 12 13 14 15 16 17 TOTAL LIABILITIES 18 19 MONFT.AUTH.—MEM.BK.RES. —VAULT CASH 2C 21 22 23 24 25 26 27 COMMERCIAL BANKING—TOTAL COMMERCIAL BANKS TO MONETARY AUTH. LOANS FROM AFFILIATES LOANS FROM FGN.BK.AG. DEM.DEP. OF FGN.BK.AG. TIME DEP.CF FGN.BK.AG. DEP. OF BKS.IN US POSS. FOREIGN BANKING AGENCIES— LOANS FROM BANKS DEPOSITS OF BANKS 28 29 394 2.913 2.125 4.394 2.739 5.282 4.997 1 -418 -358 -60 339 262 77 34 66 -32 914 867 47 -8 -3 -5 973 821 152 -214 82 -296 2 3 4 812 703 361 319 33 -10 2.574 2.248 1.347 599 247 55 2.091 1.763 1.298 480 13 -28 3.480 2.739 645 1.265 744 85 2. 747 1.235 348 115 614 158 4.309 2.805 2.065 -273 933 80 5.211 4.735 3.638 494 212 391 5 6 7 8 9 10 0 0 0 0 585 97 309 11 116 118 0 -2 294 278 0 16 278 274 0 4 718 706 0 12 892 832 0 60 1.304 1.247 55 2 104 38 47 19 12 13 14 15 -7 32 50 23 35 103 63 16 5.282 .4,997 17 394 2.913 2.125 4.394 2.739 361 319 1.347 599 1.298 480 645 1.265 348 115 2.065 -273 3.638 494 18 19 -286 -309 -418 0 -2 118 0 -7 96 7 665 339 G 16 278 0 32 347 362 34 0 4 274 0 50 2.484 1.655 914 0 12 706 0 23 2.276 1.504 -8 585 60 832 0 35 3.490 2.477 973 97 2 1.247 55 103 865 262 -214 3C9 19 38 47 63 20 21 22 23 24 25 26 27 -10 33 55 247 -28 13 85 44 158 614 80 933 391 212 28 29 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. (1) (2) Line I excludes initial allocation of SDR's of $867 million in January 1970 and $717 million in January ,971. Transactions in SDR's are in line 2. Treasury gold stock. AUGUST, 1972 MONEY AND DEPOSITS SUMMARY 41 MONEY AND DEPOSITS SUMMARY 41 MONEY SUPPLY AND TIME AND SAVINGS ACCOUNTS ANNUAL FLOWS, ANNUAL FLOWS, 1946-54 1945 1946 1947 1948 1949 1950 1946-54 1951 1952 1953 1954 DEMAND DEPOSITS AND CURRENCY 7.622 8.019 3.828 2.354 727 690 420 -397 3.261 3.823 -1.370 3.396 613 325 859 -562 -1.723 -2.204 -2.730 290 413 121 -298 481 -45 8 -247 -1.927 904 196 251 329 -211 5.613 5.566 2.344 1.531 376 667 648 47 6.875 7.210 3.168 2.876 308 556 302 -335 4.872 4.622 2.076 334 388 150 1.674 2 50 1.358 1.810 1.093 -243 376 353 231 -452 4.247 4.037 1.611 2.209 -312 360 169 210 1 2 3 4 5 6 7 8 9 U.S. GOVT DEPOSITS 1C NET INCR. IN ASSETS -22.120 -14.498 -2.105 1.156 1.237 -486 418 -40 -437 5.176 109 6.984 1.724 6.596 -1.347 11 278 4.525 9 10 11 NET INCR. IN BANKING SYS. LIAB MONETARY AUTHORITIES 12 U. S. GOVT. CASH + DEP. 13 14 FOREIGN OEPOSITS 15 CURRENCY -14.498 -737 -599 -398 260 1.156 -1.087 -459 -374 -254 -486 63 242 227 -406 -40 -828 -315 148 -661 5. 176 -350 -172 -160 -18 6.984 385 -444 -113 942 6.596 1.339 142 26 1.171 11 -93 -552 -130 589 4.525 87 252 64 — 229 11 12 13 14 15 -13.761 -21.521 1 7.759 2.243 -1.646 -188 4.077 -549 995 254 -1.798 788 733 -359 414 5.526 -265 2C7 5.584 6.599 553 -222 6.268 5.257 1.582 224 3.451 104 -795 -322 1.221 4.438 26 146 4.266 16 17 18 19 1 2 3 4 5 6 7 6 16 17 I? 19 MONEY SUPPLY OOMESTIC SECTORS HOUSEHOLDS NONFINANCIAL BUSINESS STATE AND LOCAL GOVTS. FINANCIAL SECTORS MAIL FLOAT REST OF THE WORLD COMMERCIAL BANKING U. S. GOVT. DEP. FOREIGN DEP. PRIVATE DOMESTIC TIME DEPOSITS AND SAVINGS ACCOUNTS 6.535 3.595 2.543 2.981 2.743 4.951 8.192 9.229 10.549 1 COMMERCIAL BANKING LIABILITY LARGE NEG. C.O.'S OTHER AT COMMERCIAL BANKS AT FOREIGN BANKING AGENCIES ACQUIRED BY: HOUSEHOLD CORPORATE BUSINESS STATE £ LOCAL GOVTS. FOREIGN U.S. GOVT. MUTUAL SAVINGS BANKS 3.815 0 3.799 16 1.371 0 1.391 -20 600 0 607 -7 493 0 470 23 336 0 316 20 1.736 0 1.721 15 3.118 0 3.066 52 3.463 0 3.413 50 3.831 0 3.782 49 2 3 4 5 3.595 0 179 4 16 21 1.189 G 159 -18 -9 50 283 0 271 21 6 19 142 0 152 142 65 -8 54 0 101 227 8 -54 1.765 0 152 -288 88 19 2.787 0 85 141 73 32 2.518 0 329 601 -9 24 2.622 200 462 492 28 27 6 7 8 9 10 11 AT SAVINGS INSTITUTIONS CREOIT UNIONS MUTUAL SVGS. BANKS SAVINGS ♦ LOAN ASSNS. HELO BY: HOUSEHOLDS CREDIT UNIONS MEMO - HOUSEHOLDS TOTAL TIME ♦ SVGS. ACCOUNTS 2.720 63 1.480 1.177 1.175 2 2.224 81 946 1.197 1.231 -34 1.943 93 641 1.209 1.245 -36 2.488 98 887 1.503 1.541 -38 2.40 7 149 738 1.520 1.549 -29 3.215 225 875 2.115 2.003 112 5 .074 276 1.710 3.088 3.056 32 5.766 337 1.778 3.651 3.650 1 6.718 349 1.963 4.406 4.340 66 12 13 14 15 16 17 6.313 3.447 2.262 2.668 2.490 4.868 7.829 8.283 9.274 18 1 NET INCREASE - TOTAL 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST, 1972 MONEY AND DEPOSITS SUMMARY MONEY AND DEPOS I TS/♦SUMMARY MONEY SUPPLY AND TIME AND 42 SAVINGS ACCOUNTS ANNUAL FLOWS, 1955-64 ANNUAL FLOWS, 1955-64 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 OEMAND DEPOSITS AND CURRENCY MONEY SUPPLY DOMESTIC SECTORS HOUSEHOLDS NONFINANCIAL BUSINESS STATE AND LOCAL GOVTS. FINANCIAL SECTORS MAIL FLOAT REST OF THE WORLD 2.940 3.116 762 1.246 -192 524 776 -176 1.681 1 .460 1.569 -143 -406 123 317 221 -890 -1.239 -1.262 741 75 266 -1.059 349 5.847 5.943 2.390 2.644 -67 726 250 -96 1.153 1.019 2.231 -2.521 112 160 1.037 134 -673 -655 379 -2.499 -603 394 1.674 -18 5.541 4.565 2.629 54 -279 1.128 1.033 976 3.344 3.209 933 1.084 893 943 -644 135 5.383 5.117 3.628 257 1.178 111 -57 266 8.437 7.687 4.501 774 1.238 253 921 750 1 2 3 4 5 6 7 8 9 U.S. GOVT DEPGSITS 10 NET INCR. IN ASSETS -661 2.279 79 1.76C 191 -699 15 1 5.998 654 1.807 862 189 26 5.56 7 1.302 4.646 -346 5.03 7 153 8.590 9 10 11 NET INCR. IN BANKING SYS. LIAB MONETARY AUTHORITIES 12 13 U. S. GOVT. CASH ♦ DEP. 14 FOREIGN DEPOSITS CURRENCY 15 2.279 153 -198 -8 5 436 1.760 24 55 -84 53 -699 36 26 40 -30 5.998 158 -201 -86 445 1.807 563 -146 74 63 5 189 -216 -33 -127 -56 5.567 801 25 68 708 4.646 850 90 -2 762 5.037 1.919 264 -76 1.731 8.590 2.607 191 53 2.363 ll 12 13 14 15 16 17 18 19 2.126 -463 -91 2.680 1.736 24 305 1.407 -735 165 309 -1.209 5.840 352 -10 5.498 1.244 800 60 384 405 895 109 -599 4. 766 1 908 3.857 3.796 1 .212 137 2.447 3.118 -610 342 3.386 5.983 -38 697 5.324 16 17 18 19 1 2 3 4 5 6 7 8 COMMERCIAL BANKING U. S. GOVT. DEP. FOREIGN DEP. PRIVATE DOMESTIC TIME OEPOSITS AND SAVINGS ACCOUNTS 8.455 9.428 12.298 16.862 9.487 15.300 20.752 28.677 29.582 30.437 1 COMMERCIAL BANKING LIABILITY LARGE NFG. C.D.'S OTHER AT COMMERCIAL BANKS AT FOREIGN BANKING AGENCIES ACOUIREO BY: HOUSEHOLD CORPORATE BUSINESS STATE L LOCAL GOVTS. FOREIGN U.S. GOVT. MUTUAL SAVINGS BANKS 1.325 0 1.337 -12 2.110 0 2.054 56 5.409 0 5.473 -64 7.963 0 7.981 -18 1.071 0 1.045 26 5.835 1.095 4.700 40 9.417 2.128 7.246 43 15.575 2.977 12.593 5 14.409 3.679 10.668 62 14.560 2.706 11.828 26 2 3 4 5 1.648 -100 -63 -101 -13 -46 2.300 0 44 -142 -27 -65 5.213 0 383 -124 -29 -34 5.315 900 806 881 26. 35 2.840 -400 -410 -839 -42 -78 1.786 2.367 1.378 284 -23 43 5.363 3.029 90 8 52 22 43 12.629 1 .486 985 498 -15 -8 9.500 2.443 1.643 851 -9 -19 11.607 -16 1.719 1.155 12 83 6 7 8 9 10 11 AT SAVINGS INSTITUTIONS CREDIT UNIONS MUTUAL SVGS. BANKS SAVINGS ♦ LOAN ASSNS. HELD BY: HOUSEHOLDS CREDIT UNIONS MEMO - HOUSEHOLDS TOTAL TIME + SVGS. ACCOUNTS 7. 130 409 1.831 4.890 4.870 20 7.318 468 1.844 5.006 4.972 34 6.889 46 7 1.658 4.764 4.789 -25 8.899 488 2.347 6.064 5.906 158 8.416 572 1.237 6.607 6.676 -69 9.465 540 1.366 7.559 7.741 -182 11.335 658 1.934 8.743 8.583 160 13.102 692 3.059 9.351 9.307 44 15.173 831 3.270 11.072 11.021 51 15.877 1.055 4.243 10.579 10.476 103 12 13 14 15 16 17 8.758 9.584 12.127 14.056 11.325 11.433 16.538 25.687 24.622 27.381 18 1 NET INCREASE - TOTAL 2 3 4 5 6 7 e 9 1C 11 12 13 14 15 16 17 18 MONEY AMOUNTS ARE IN MILLIONS OF OOLLARS. AUGUST, 1972 MONEY ANO DEPOSITS SUMMARY MONEY ANO DEPOSITS SUMMARY MONEY SUPPLY AND TIME ANO SAVINGS ACCOUNTS ANNUAL FLOWS, ANNUAL FLOWS, 1965-71 1965 1966 1967 1968 1969 1970 1971 1972 1973 1965-71 19 ?4 DEMAND DEPOSITS AND CURRENCY 8.510 8.386 7.871 411 -438 440 102 124 3.053 2.650 2.570 318 -763 -152 677 403 13.347 13.017 11.136 1.632 -1.C09 825 433 330 16.185 15.598 12.568 1.274 562 991 203 587 8.015 7.727 2.539 1.562 2.063 152 411 288 9.278 9.C7G 6.137 446 -67 1.419 1.135 208 15.313 15.085 8.482 4.576 484 719 824 228 1 2 3 4 5 6 7 8 9 U.S. GOVT DEPOSITS 10 NET INCR. IN ASSETS -989 7.521 -369 2.684 1.117 14.464 -1.236 14.949 558 8.573 2.502 11.780 3.128 18.441 9 10 11 NET INCR. IN BANKING SYS. LIAB MONETARY AUTHORITIES 12 13 U. S. GOVT. CASH + DEP. 14 FOREIGN DEPOSITS CURRENCY 15 7.521 2.046 -4 -68 2. 118 2.684 2.346 164 204 1.978 14.464 2.979 875 -9 2.113 14.949 1.500 -1.012 81 2.431 e.573 2.262 514 -100 2.848 11.780 3.068 -282 -31 3.481 18.441 4.408 897 119 3. 392 11 12 13 14 15 16 17 18 19 5.475 -985 192 6.268 338 -533 199 672 11.485 242 339 10.504 13.449 -224 506 13.167 5.311 44 388 4. 879 8.712 2.884 239 5.589 14.033 2.231 109 11.693 16 17 18 19 1 2 3 4 5 6 7 8 MONEY SUPPLY DOMESTIC SECTORS HOUSEHOLDS NONFINANCIAL BUSINESS STATE AND LOCAL GOVTS. FINANCIAL SECTORS MAIL FLOAT REST OF THE WORLD CCMMERCIAL BANKING U. S. GOVT. DEP. FOREIGN DEP. PRIVATE OOMESTIC TIME DEPOSITS AND SAVINGS ACCOUNTS 33.206 20.223 40.873 33.423 -1.417 54.946 82.190 1 COMMERCIAL BANKING LIABILITY LARGE NEG. C.D.’S OTHER AT COMMERCIAL BANKS AT FOREIGN BANKING AGENCIES ACQUIRED BY: HOUSEHOLD CORPORATE BUSINESS STATE E LOCAL GOVTS. FOREIGN U.S. GOVT. MUTUAL SAVINGS BANKS 20.111 3.666 16.370 75 13.289 -592 13.843 38 23.914 4.671 19.132 111 20.721 3.138 17.429 154 -9.344 -12.549 2.974 231 37.964 15.155 22.433 376 41.364 7.926 33. 178 260 2 3 4 5 14.859 2.322 2.374 591 -22 -13 13.163 -1.390 1.276 310 -30 -40 18.086 2.079 2.430 1.238 47 34 17.378 374 3.218 -302 101 -48 -1.901 -2.404 -5.890 1.109 -157 -101 27.555 1.695 10.005 -1.704 169 244 32.727 639 7. 159 547 140 152 6 7 8 9 10 11 AT SAVINGS INSTITUTIONS CREDIT UNIONS MUTUAL SVGS. BANKS SAVINGS + LOAN ASSNS. HELD BY: HOUSEHOLDS CREDIT UNIONS MEMO - HOUSEHOLDS TOTAL TIME + SVGS. ACCOUNTS 13.095 1.003 3.594 8.498 8.569 -71 6.934 787 2.563 3.584 3.944 -360 16.959 1.196 5.115 10.648 10.386 262 12.702 1.109 4.207 7.386 7.678 -292 7.927 1.42 8 2.579 3.920 3.962 -42 16.982 1.682 4.434 10.866 10.871 -5 40.826 2.897 9.861 28.068 28.048 20 12 13 14 15 16 17 28.025 20.457 34.783 30.372 6.068 44.542 73.533 18 1 NET 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 INCREASF - TOTAL MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST, 1972 U.S. GOVT. SFCURITIES U.S. GOVT. SECURITIES U. ANNUAL FLOWS, ANNUAL FLOWS, 1945 1 TOTAL NET ISSUES INCLUDED IN PUBLIC OEBT HOUSEHOLD SAVINGS BONDS DIRECT EXC. SAVINGS BONDS SHORT-TERM MARKETABLE 6 OTHER OIRECT 2 3 4 5 7 8 9 10 OTHER BUDGET AGENCY ISSUES LOAN PARTICIPATION CTFS.(11 SPONSORED AGENCY ISSUES (21 11 TOTAL NET ACQUISITIONS U.S.GOVERNMENT (AGENCY SEC.) 12 13 SPONSORED CREDIT AGENCIES 14 DIRECT MARKETABLE 15 5 FHLB SPECIAL ISSUE 15 FEDERAL RESERVE SYSTEM 17 SHORT-TERM DIRECT OTHER DIRECT 18 AGENCY ISSUES 19 20 21 22 23 24 25 26 27 28 29 30 43 S. GOVERNMENT SECURITIES MARKET SUMMARY 1946-54 FOREIGN SHORT-TERM MARKETABLE OTHER TOTAL HELD BY PRIVATE DOMESTIC SECTORS PVT. DOMESTIC NONFIN. SAVINGS BONDS - HOUSEHOLDS DIRECT EXC. SVGS. BONDS SHORT-TERM MARKETABLE OTHER AGENCY ISSUES LOAN PARTICIPATIONS 1946 1946-54 1947 1948 -23.154 -23.246 1.216 -24.462 N. A. N.A. -7.115 -7.194 2.085 -9.279 N.A. N.A. - 5.434 -6.556 1.601 -8.157 N.A. N.A. 2.465 2.488 1.46 3 1.02 5 N.A. N.A. -798 -557 252 -809 N.A. N.A. -211 -301 -471 170 N.A. N.A. 4.931 4.503 92 4.411 12.621 -8.210 7.042 5.418 198 5.220 15.887 -10.667 2.386 2.336 595 1.741 -14.700 16.441 1 2 3 4 5 6 92 0 -203 295 79 0 -37 116 1.122 0 84 7 275 -2 3 0 89 -112 -241 0 -622 381 90 0 -137 227 42 8 0 381 47 1.624 0 1.627 -3 50 0 85 -35 7 8 9 10 -23.154 0 5 5 0 -912 N.A. N.A. 0 -7.115 0 -31 -31 -791 N.A. N.A. 0 -5.434 0 128 128 0 774 N.A. N.A. 0 2.465 0 -3 -3 0 -4.448 N.A. N.A. 0 -798 0 -77 -77 0 1.893 N.A. N.A. 0 -211 5 55 55 0 3.023 N.A. N.A. 0 4.931 -1 67 67 0 897 991 -94 0 7.042 -4 94 94 0 1.217 1.963 -746 0 2.3 86 1 260 260 0 -982 3.347 -4.329 0 IL 12 13 14 15 16 17 18 19 -723 -453 -270 -690 -752 62 43 8 46 8 -30 268 158 110 1.195 251 944 -80 601 -681 1.068 765 303 485 568 -83 243 234 9 20 21 22 -21.524 -5.603 -6.774 6.64 8 -3.809 -3.214 2.900 5.250 2.864 23 -7.282 1.216 -8.637 N.A. N.A. 139 0 1.322 2.085 -818 N.A. N.A. 55 0 1.309 1.601 -420 N.A. N.A. 128 0 2.957 1.46 3 1.575 N.A. N.A. -81 0 3.082 252 2.782 N.A. N.A. 48 0 173 -471 584 N.A. N.A. 65 -5 216 92 82 3.155 -3.073 41 1 2.953 198 2.693 4.262 -1.569 58 4 -2.437 595 -3.015 -2.494 -521 -16 -I 24 25 26 27 28 29 30 312 1.601 -1.416 N.A. N. A. " 127 1.047 1.46 3 -334 N.A. N.A. -82 -551 252 -850 N.A. N.A. 47 -991 -471 -5 79 N.A. N.A . 59 260 92 44 737 -693 124 242 198 -14 2.014 -2.028 58 -1.934 595 -2.395 -2.330 -65 -134 31 32 33 34 35 36 0 1949 1951 1950 1954 1953 1952 31 32 33 34 35 36 households. SAVINGS BONDS DIRECT EXC. SVGS. BONDS SHORT-TERM MKT. OTHER AGENCY ISSUES -1.201 1.216 -2.555 N.A. N.A. 138 1.136 2.085 -1.003 N.A. N.A. 54 37 38 39 40 41 CORPORATE NONFIN. BUSINESS DIRECT SHORT-TERM MKT. OTHER DIRECT AGENCY ISSUES -5.729 -5.729 N.A. N.A. 0 -488 -488 N.A. N.A. 0 562 562 N.A. N.A. 0 1.844 1.844 N.A. N.A. 0 3.173 3.173 N.A. N.A. 0 783 783 N.A. N.A. 0 -1.006 -1.006 1.436 -2.442 0 1.593 1.593 801 792 0 -1.717 -1.817 -41 -1.776 100 37 38 39 40 41 42 43 44 45 46 STATE + LOCAL GOVTS. DIRECT SHORT-TERM MKT. OTHER AGENCY ISSUES -352 -353 N.A. N.A. 1 674 673 N.A. N.A. 1 435 434 N.A. N.A. 1 66 65 N.A. N.A. 1 460 459 N.A. N.A. 1 381 380 N.A. N.A. 1 962 1.044 982 62 -82 1.118 1.114 1.447 -333 4 1.214 1.197 -123 1.320 17 42 43 44 45 46 -15.988 N.A. N.A. -53 -5.656 N.A. N.A. 23 -5.724 N.A. N.A. 925 4.513 N.A. N.A. 100 -5.214 N.A. N.A. -271 -496 N.A. N.A. -26 2.198 6.906 -5.007 299 1.774 8.510 -8.232 1.496 5.650 -14.950 20.4 82 118 47 48 49 50 -15.879 -65 -5.536 -96 -5.674 -73 4.483 -44 -5.249 -27 -529 -42 2.136 19 1.792 -8 5.581 14 51 52 1.746 N.A. N.A. 6 -1 .269 N.A. N.A. 1 -2.359 N. A . N.A. 69 -822 N.A. N.A. -42 -1.677 N.A. N.A. -18 -2.891 486 47 48 49 50 51 52 53 54 55 56 COMMERCIAL BANKING SHORT-TERM DIRECT OTHER DIRECT AGENCY ISSUES COMMERCIAL BANKS BKS.IN U.S. POSSESSIONS PRIVATE NONBANK FINANCE SHORT-TERM MARKETABLE OTHcR DIRECT AGENCY ISSUES N.A . 737 N.A. 51 -339 88 523 490 -37 70 -349 -1.097 800 -52 53 54 55 56 57 58 59 60 61 SVGS.* LOAN ASSNS. DIRECT SHORT-TERM MARKETABLE OTHER DIRECT AGENCY ISSUES -411 -411 N.A. N.A. 0 -269 -269 N.A. N.A. 0 -285 -285 N.A. N.A. 0 7 7 N.A . N.A. 0 25 25 N.A. N.A. 0 116 116 N.A. N.A. 0 201 184 -2 186 17 142 133 -77 210 9 102 101 -131 232 1 57 58 59 60 61 62 63 64 65 66 MUTUAL SAVINGS BANKS DIRECT SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 1.082 1.078 N.A. N.A. 4 193 192 N.A. N.A. 1 -428 -496 N.A. N.A. 68 -89 -49 N.A. N.A. -40 -576 -556 N.A. N.A. -20 -1.027 -1.027 N.A. N.A. 0 -351 -368 95 -46 3 17 -187 -236 203 -439 49 -471 -443 -343 -100 -28 62 63 64 65 66 67 68 69 CREDIT UNIONS DIRECT AGENCY ISSUES 0 0 0 15 15 0 10 10 0 7 7 0 8 8 0 10 10 0 6 6 C 6 6 0 8 8 C 67 68 69 70 71 72 73 74 LIFE INSURANCE DIRECT SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 1.048 1.046 N.A. N.A. 2 -1.595 -1.595 N.A. N.A. 0 -3.227 -3.228 N.A. N.A. 1 -1.516 -1.514 N.A. N.A. -2 -1.810 -1.812 N.A. N.A. 2 -2.451 -2.452 N.A. N.A. 1 -768 -782 -118 — 664 14 -394 -384 -59 -325 -1C -755 -752 73 -825 -3 70 71 72 73 74 75 N3NLIFE INSURANCE DIRECT SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 594 594 N.A. N.A. 0 591 591 N.A. N.A. 0 528 528 N.A. N.A. 0 413 413 N.A. N.A. 0 427 42 7 N.A. N.A. 0 214 164 N.A. N. A. 50 377 357 343 14 20 248 251 354 -103 -3 88 112 -725 837 -24 75 76 77 78 79 PRIVATE PENSION FUNDS DIRECT SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 250 250 N.A. N.A. 0 250 N.A. N.A. 0 250 250 N.A. N.A. 0 250 250 N.A. N.A. 0 100 100 N.A. N.A. 0 100 100 N.A. N.A. 0 150 150 -36 186 0 286 266 53 213 20 92 103 -23 126 -ll 80 81 82 83 84 83 89 S.+ L.GOVT. RTR. CUNDS DIRECT SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 152 152 N.A. N.A. 0 189 189 N.A. N.A. 0 213 213 N. A . N.A. 0 184 184 N.A. N.A. 0 241 241 N.A. N.A. 0 420 420 N.A. N.A. 0 476 456 54 402 20 491 486 79 407 5 536 523 -7 530 13 85 86 87 88 89 90 Pi INVESTMENT COS. (OIkcCT) SEC.BRKRS.* OLRS.1 " ) -5 -964 12 -655 22 558 39 -117 25 -117 0 -273 1 394 -1 -68 25 26 90 91 76 77 78 7? 80 81 32 83 84 35 86 87 (1IWHERE NOT SHOWN SEPARATELY, AGENCY ISSUES Z50 LOAN PARTICIPATIONS ARE INCLUDED WITH (PITHESt ISSUES ARE OUTSIOE THE BUDG! SECTOR IN FLOW-OF-FUNDS ACCOUNTS http://fraser.stlouisfed.org/ OEBT OF FINANCIAL INSTITUTIONS. Federal Reserve Bank of St. Louis T AND OUTSIDE THE U.S. GOVERNMENT THEY ARE INCLUDEO IN CREOIT MARKET MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS AUGUST, 1972 U.S. GOVT. SECURITIES U.S. GOVT. 44 ANNUAL FLOWS, 1955-64 ANNUAL FLOWS, 1955-64 1955 1 TOTAL NET ISSUES INCLUDED IN PUBLIC DEBT 2 HOUSEHOLD SAVINGS BONOS 3 DIRECT EXC. SAVINGS BONDS 4 SHORT-TFRM MARKETABLE 5 6 OTHER OIRECT 7 8 9 10 OTHER BUDGET AGENCY ISSUES LOAN PARTICIPATION CTFS.(11 SPONSORED AGENCY ISSUES (21 11 TOTAL NET ACQUISITIONS U.S.GOVERNMENT (AGENCY SEC.l 12 SPONSORED CREOIT AGENCIES 13 14 DIRECT MARKETABLE FHLB SPECIAL ISSUE 15 FEDERAL RESERVE SYSTEM 16 17 SHORT-TERM OIRECT OTHER DIRECT 18 19 AGENCY ISSUES 20 21 22 23 FOREIGN SHORT-TERM MARKETABLE OTHER TOTAL HELD BY PRIVATE DOMESTIC SECTORS 24 25 26 27 28 29 30 PVT. DOMESTIC NONFIN. SAVINGS BONOS - HOUSEHOLDS DIRECT EXC. SVGS. BONOS SHORT-TERM MARKETABLE OTHER AGENCY ISSUES LOAN PARTICIPATIONS 31 32 33 34 35 36 HOUSEHOLDS SAVINGS BONDS DIRECT EXC. SVGS. BONDS SHORT-TERM MKT. OTHER AGENCY ISSUES 37 38 39 40 41 CORPORATE NONFIN. BUSINESS OIRECT SHORT-TERM MKT. OTHER DIRECT AGENCY ISSUES 42 43 44 45 46 STATE ♦ LOCAL GOVTS. DIRECT SHORT-TERM MKT. OTHER AGENCY ISSUES 47 48 49 50 51 52 53 54 55 56 SECURITIES U. S. GOVERNMENT SECURITIES MARKET SUMMARY 44 COMMERCIAL BANKING SHORT-TERM DIRECT OTHER OIRECT AGENCY ISSUES COMMERCIAL BANKS BKS.IN U.S. POSSESSIONS PRIVATE NONBANK FINANCE SHORT-TERM MARKETABLE OTHER OIRECT AGENCY ISSUES 1956 1957 1958 1959 1960 1961 1962 1963 1964 153 -61 263 -324 3.940 -4.264 -5.355 -5.543 -94 -5.449 6.335 -11.784 -935 -2.658 -1.909 -749 6.889 -7.638 8.955 8.959 -523 9.482 -2.841 12.323 8.969 7.423 -1.796 9.219 5.351 3.86 8 -1.716 -2.195 -265 -1.930 3.457 -5.387 7.603 6.682 803 5.879 10.714 -4.835 8.271 6.214 423 5.791 900 4.891 5.453 4.088 1.181 2.907 1.253 1.654 6.656 5.338 911 4.477 4.724 -247 1 2 3 4 5 6 214 570 -1.297 941 188 0 -255 443 1.723 802 -479 1.400 -4 -575 494 77 1.546 0 -649 2. 195 479 -747 486 740 921 50 257 614 2.057 45 498 1.514 1.365 35 -206 1.536 1.268 10 845 413 7 8 9 10 153 19 127 127 0 -148 1.343 -1.491 0 -5.355 -16 268 268 0 130 997 -867 0 -935 1 -83 -133 50 -677 -395 -282 0 8.955 -4 91 -24 115 2.108 -815 2.923 0 8.969 -1 100 100 0 302 -803 1.105 0 -1.716 6 145 260 -115 736 -950 1.686 0 7.603 25 -78 -78 0 1.497 -941 2.438 0 8.271 -31 373 372 1 1.939 2.438 -499 0 5.453 29 412 138 274 2.773 4.839 -2.066 0 6.656 -18 -415 -115 -30C 3.451 2.624 827 0 11 12 13 14 15 16 17 18 19 1.060 531 529 848 942 -94 178 220 -42 94 1 93 3.017 2.103 914 576 222 354 447 -635 1.082 1.322 2.184 -862 590 -556 1.146 475 109 366 20 21 22 -905 -6.585 -354 6.666 5.551 -3.179 5.712 4.668 1.649 3.163 23 7.278 263 6.161 7.310 -1.149 873 -19 -2.567 -94 -2.929 -165 -2.764 440 16 -160 -1.909 570 2.952 -2.382 1.180 -1 -2.627 -523 -1.561 -2.751 1.190 -547 4 12.686 -1.796 12.216 7.464 4.752 2.265 1 -5.177 -265 -4.668 -4.030 -638 -238 -6 -600 80 3 -1.485 664 -2.149 107 -25 1.320 423 564 889 -325 302 31 4.228 1.181 2.288 1.563 725 788 -29 9 59 911 -266 -2.951 2.685 146 168 24 25 26 27 28 29 30 2.545 263 1.655 354 1.301 627 1.222 -94 998 1.590 -592 318 291 -1.909 1.539 2. 148 -609 661 -2.871 -523 -1.979 -2.083 104 -369 5.505 -1. 796 5.775 3.525 2.250 1.526 138 -265 712 -2.630 3.342 -309 -519 803 -1.166 -736 -430 -156 303 423 -420 237 -657 300 3.935 1.181 2.344 2.554 -210 410 1.989 911 3 26 -1.434 1.760 752 31 32 33 34 35 36 4.058 3.858 6.565 -2.707 200 -4.463 -4.563 -2.675 -1.888 100 -729 —1.229 -151 -1.078 500 303 503 -87 590 -200 6.129 5.429 2.162 3.267 700 -5.953 -5.948 -1.989 -3.959 -5 -324 -464 535 -999 140 238 208 -235 443 30 -46 -396 -967 571 350 -946 -398 -772 374 -548 37 38 39 40 41 675 648 391 257 27 674 636 920 -284 38 278 260 955 -695 18 -59 -85 -581 496 26 1.052 1.012 1.777 -765 40 638 568 589 -21 70 243 145 865 -720 98 779 776 887 -111 3 339 340 -24 364 -1 -84 -194 -745 551 110 42 43 44 45 46 -8.057 -4.996 -2.227 -834 -2.871 3.781 -6.185 -467 -61 3.349 -3.436 26 8.621 74 7.979 568 -8.393 -3.853 -3.428 -1.112 2.177 7.009 -5.218 386 5.830 10.460 -5.299 669 1.369 -5.759 5.703 1.425 -2.696 -3.588 551 341 390 4.231 -4.439 598 47 48 49 50 -8.014 -18 -2.939 15 -40 10 8.579 19 -8.390 -19 2.176 20 5.795 6 1.387 12 -2.625 36 360 -13 51 52 -126 -375 74 175 -1.147 512 -1.874 215 -133 896 -1.546 517 672 674 23 -25 1.258 340 525 393 -179 946 -1.456 331 482 1.244 -907 145 1.979 776 873 330 117 -1.143 1.024 236 1.814 826 614 374 53 54 55 56 57 58 59 60 61 SVGS.+ LOAN ASSNS. DIRECT SHORT-TERM MARKETABLE OTHER DIRECT AGENCY ISSUES 406 360 83 277 46 494 401 91 310 93 624 391 44 347 233 609 646 257 389 -37 754 658 209 449 96 236 115 -60 175 121 581 617 259 358 -36 357 337 -54 391 20 999 901 -46 947 98 583 523 478 45 60 57 58 59 60 61 62 63 64 65 66 MUTUAL SAVINGS BANKS DIRECT SHORT-TERM MARKETABLE OTHER AGENCY ISSUES -219 -281 114 -395 62 -421 -483 108 -591 62 -279 -425 124 -549 146 -378 -358 0 -358 -20 -171 -265 91 -356 94 -600 -661 91 -752 61 -71 -119 243 -362 48 33 -71 -41 -30 104 -203 -280 40 -320 77 18 -75 -25 -50 93 62 63 64 65 66 67 68 69 CREOIT UNIONS DIRECT AGENCY ISSUES 15 15 0 15 15 0 15 15 0 15 15 0 10 10 0 10 10 0 20 20 0 20 20 0 45 40 5 25 15 10 67 68 69 70 71 72 73 74 LIFE INSURANCE DIRECT SHORT-TERM MARKETABLE OTHER AGENCY ISSUES -501 -506 -139 -367 5 ' -998 -1.029 -123 -906 31 -508 -520 -38 -482 12 147 154 289 -135 -7 -290 -309 -189 -120 19 -466 -493 -70 -423 27 -367 -378 -63 -315 11 65 63 121 -58 2 -352 -386 -104 —2,82 34 -300 -290 17 -307 -10 70 71 72 73 74 75 76 77 78 79 NONLIFE INSURANCE DIRECT SHORT-TERM MARKETABLE OTHER AGENCY ISSUES -108 -137 -99 -38 29 -353 -343 201 -544 -10 -147 -177 318 -495 30 -24 -41 -157 116 17 265 187 43 144 78 -193 -180 206 -386 -13 -52 -88 415 -503 36 126 81 -129 210 45 182 158 105 53 24 112 32 -241 273 80 75 76 77 78 79 80 81 82 83 84 PRIVATE PENSION FUNDS DIRECT SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 279 266 -70 336 13 -172 -202 169 -371 30 -189 -255 174 -429 66 41 39 22 17 2 242 165 101 64 77 -121 -206 81 -287 85 130 119 292 -173 11 234 199 106 93 35 351 305 90 215 46 127 20 -45 65 107 80 81 82 83 84 85 86 87 88 89 S.+ L.GOVT. RTR. FUNDS DIRECT SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 303 283 22 261 20 287 278 50 228 9 144 114 52 62 30 -17 -37 -31 -6 20 470 441 97 344 29 299 249 32 217 50 164 89 1 88 75 424 300 33 267 124 362 410 -1 411 -48 554 520 -68 588 34 85 86 87 88 89 90 91 INVESTMENT COS. (DIRECTI SEC.BRKRS.+ DLRS.( " 1 101 -402 21 -20 1 206 124 155 155 -177 63 593 69 8 49 671 -9 -1.258 39 656 90 91 (l)WHERE NOT SHOWN SEPARATELY, LOAN PARTICIPATIONS ARE INCLUDED WITH AGENCY ISSUES (2JTHESE ISSUES ARE OUTSIDE THE BUDGET SECTOR IN FLOW-OF-FUNDS ACCOUNTS. http://fraser.stlouisfed.org/ DEBT OF FINANCIAL INSTITUTIONS. Federal Reserve Bank of St. Louis AND OUTSIDE THE U.S. GOVERNMENT THEY ARE INCLUDED IN CREDIT MARKET MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST, 1972 U.S. GOVT. SECURITIES U.S. GOVT. SECURITIES 45 U. S. GOVERNMENT SECURITIES MARKtT SUMMARY *5 ANNUAL FLOWS, 1965-71 ANNUAL FLOWS, 1965-71 1965 1 TOTAL NET ISSUES 2 INCLUOED IN PUBLIC OEBT 3 HOUSEHOLD SAVINGS BONOS 4 OIRECT EXC. SAVINGS BONDS 5 SHORT-TERM MARKETABLE 6 OTHER DIRECT 7 8 9 10 OTHER BUOGET AGENCY ISSUES LOAN PARTICIPATION CTFS.(1) SPONSORED AGENCY ISSUES (21 11 TOTAL NET ACQUISITIONS 12 U.S.GOVERNMENT (AGENCY SEC.I 13 SPONSORED CREOIT AGENCIES 14 DIRECT MARKETABLE FHLB SPECIAL ISSUE 15 16 FEDERAL RESERVE SYSTEM 17 SHORT-TERM OIRECT 18 OTHER DIRECT 19 AGENCY ISSUES 2Q 21 22 23 24 25 26 27 28 29 30 FOREIGN SHORT-TERM MARKETABLE OTHER TOTAL HELO BY PRIVATE OOMESTIC SECTORS PVT. OOMESTIC NONFIN. SAVINGS BONOS - HOUSEHOLDS OIRECT EXC. SVGS. BONOS SHORT-TERM MARKETABLE OTHER AGENCY ISSUES LOAN PARTICIPATIONS (3) 1966 1967 1968 1969 1970 1971 1972 1973 1974 3.658 1.301 635 666 3.002 -2.336 8.753 2.340 654 1.686 1.434 252 12.514 8.913 890 8.023 8.641 -618 16.693 10.319 373 9.946 519 9.427 5.501 -1.277 -386 -891 9.007 -9.898 21.563 L2.886 281 12.605 5.409 7.196 29.423 26.023 2.425 23.598 -3.439 27.037 1 2 3 4 5 6 2.357 50 398 1.909 6.413 105 1.250 5.058 3.601 117 4.038 -554 6.374 1.469 1.676 3.229 6.778 -358 -1.930 9.066 8.677 318 -327 8.686 3.400 640 -1.091 3.851 7 8 9 10 3.658 34 107 -161 268 3.724 3.686 38 0 8.753 1.311 984 348 636 3.514 4.593 -1.079 0 12.514 -87 -25 852 -877 4.830 2.712 2. 118 0 16.693 135 -108 -108 0 3.825 -6.641 10.466 0 5.501 -1.300 -245 -524 279 4.217 5.058 -841 0 21.563 -97 1.723 1.879 -156 4.988 878 4.110 0 29.423 -7 -1.525 -1.462 -6 3 8.644 1.035 7.041 568 11 12 13 14 15 16 17 18 19 -158 -889 731 -2.415 -871 -1.544 2.091 824 1.267 -471 -1.664 1.193 -1.813 -2.237 424 9.112 7.829 1.283 26.302 13.948 12.354 20 21 22 -49 5.359 5.705 13.312 4.642 5.837 -3.991 23 2.255 635 495 2.525 -2.030 678 447 8.752 654 3.687 1.151 2.536 4.833 -422 -1.311 890 -2.479 -1.213 -1.266 -460 738 7.667 373 4.090 5.719 -1.629 2.926 278 16.011 -386 9.811 11.917 -2.106 5.770 816 -7.589 281 -10.079 -12.753 2.674 1.957 252 -13.052 2.425 -10.509 -9.772 -737 -5.108 140 24 25 26 27 28 29 30 4.503 373 2.758 5.116' -2.358 1.372 12.081 -386 8.122 9.416 -1.294 4.345 -4.401 281 -7.314 -10.587 3.273 2.632 -22.640 2.425 -19.273 -15.774 -3.499 -5.792 31 32 33 34 35 36 31 32 33 34 35 36 HOUSEHOLDS SAVINGS BONOS DIRECT EXC. SVGS. BONDS SHORT-TERM MKT. OTHER AGENCY ISSUES 1.736 635 912 3.503 -2.591 189 8.354 654 3.813 1.956 1.857 3.887 -819 890 -2.852 -2.476 -376 1.143 37 38 39 40 41 CORPORATE NONFIN. BUSINESS OIRECT SHORT-TERM MKT. OTHER DIRECT AGENCY ISSUES -1.411 -1.761 -2.184 423 350 -1.403 -1.784 -1.426 -358 381 -2.287 -842 -62 5 -217 -1.445 931 132 17 115 799 -1.270 -1.818 -1.100 -718 548 -2.948 -3.039 -3.266 227 91 2.660 2.605 -597 3.202 55 37 38 39 40 41 42 43 44 45 46 STATE ♦ LOCAL GOVTS. DIRECT SHORT-TERM MKT. OTHER AGENCY ISSUES 1.930 1.344 1.206 138 586 1.801 1.658 621 1.037 143 1.795 1.215 1.888 -673 580 2.233 1.200 586 614 1.033 5.200 3.507 3.601 -94 1.693 -240 274 1.100 -826 -514 6.928 6.159 6.599 -440 769 42 43 44 45 46 -2.316 -1.887 -1.143 714 -3.468 -4.844 1.325 51 9.437 5.496 955 2.986 3.504 1.682 545 1.277 -9.425 -4.102 -5.070 -253 9.394 5.398 442 3.554 5.950 -5.373 7.721 3.602 47 48 49 50 -2.382 -1 -3.440 22 9.279 41 3.444 16 -9.474 28 9.509 29 6.131 53 51 52 12 -272 -200 484 75 1.057 -1.622 640 -2.421 -30 -2.815 424 2.141 1.531 -1.148 1.758 -1.944 -1.105 -2.584 1.745 4.032 2. 178 -1.157 3.011 3.111 -1.815 721 4.205 53 54 55 56 47 48 49 50 51 52 53 54 55 56 COMMERCIAL BANKING SHORT-TERM DIRECT OTHER OIRECT AGENCY ISSUES COMMERCIAL BANKS BKS.IN U.S. POSSESSIONS PRIVATE NONBANK FINANCE SHORT-TERM MARKETABLE OTHER DIRECT AGENCY ISSUES 57 58 59 60 61 SVGS.* LOAN ASSNS. DIRECT SHORT-TERM MARKETABLE OTHER DIRECT AGENCY ISSUES 534 438 31 407 96 387 299 3 89 -90 88 1.582 1.423 1.068 355 159 727 362 -125 48 7 365 279 -992 -509 -483 1.271 1.154 -380 -117 -263 1.534 5.205 1.354 491 863 3.851 57 58 59 60 61 62 63 64 65 66 MUTUAL SAVINGS BANKS OIRECT SHORT-TERM MARKETABLE OTHER AGENCY ISSUES -271 -302 77 -379 31 -507 -728 -172 -556 221 -346 -516 111 -627 170 -191 -610 -29 -581 419 -510 -605 -116 -489 95 194 -195 -19 -176 389 358 -5 -155 150 363 62 63 64 65 66 67 68 69 CREDIT UNIONS DIRECT AGENCY ISSUES 27 8 19 129 24 105 82 4 78 163 66 97 69 77 -8 488 267 221 1.132 409 723 67 68 69 70 71 72 73 74 LIFE INSURANCE DIRECT SHORT-TERM MARKETABLE OTHER AGENCY ISSUES -429 -462 -42 -420 33 -382 -426 37 -46 3 44 -282 -260 20 -280 -22 -76 -247 92 -339 171 -308 -343 -75 -268 35 87 -55 10 -65 142 -155 -233 -58 -175 78 70 71 72 73 74 75 76 77 78 79 NONLIFE INSURANCE DIRECT SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 6 -165 -79 -86 171 -399 -473 -345 -128 74 -688 -705 1 -706 17 -241 -353 107 -460 112 -486 -485 -59 -426 -1 81 -50 83 -133 131 -396 -215 -254 39 -181 75 76 77 78 79 80 81 82 83 84 PRIVATE PENSION FUNDS DIRECT SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 5 27 -54 81 -22 -491 -484 -187 -297 -7 -552 -441 -14 -42 7 -111 433 373 336 37 60 -153 -364 -174 -190 211 236 -59 58 -117 295 -296 26 -166 192 -322 80 81 82 83 84 85 86 87 88 89 S.* L.GOVT. RTR. FUNDS DIRECT SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 389 233 36 197 156 52 -6 3 25 -88 115 -942 -1.075 55 -1.130 133 322 -212 80 -292 534 -331 -473 255 -728 142 -51 -350 53 -403 299 -847 -540 -192 -348 -3C7 85 86 87 88 89 90 91 INVESTMENT COS. (DIRECT! SEC.BRKRS.* DLRS.( " » 44 -293 626 660 -516 -759 222 782 -46 8 -36 175 1.668 -291 -1.599 90 91 (l)WHERE NOT SHOWN SEPARATELY, LOAN PARTICIPATIONS ARE AGENCY ISSUES (21THESE ISSUES ARE OUTSIDE http://fraser.stlouisfed.org/ CPCTOP IN FIOW—OF—FUNDS Federal Reserve Bank of St. Louis INCLUOEO WITH (3) Includes GNMA-guaranteed passthrough securities backed by mortgage pools: THE BUOGET ANO OUTSIOE THE U.S. GOVERNMENT ACCOUNFS. THEY ARE INCLUOEO IN CREOIT MARKET >970 J97[ 452 2.702 AUGUST, 1972 PRIVATE SECURITIES ANO MORTGAGES PRIVATE SECURITIES ANO MORTGAGES PRIVATE SECURITIES ANO MORTGAGES 46 ANNUAL FLOWS, 1946-54 ANNUAL FLOWS, 1946-54 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 STATE AND LOCAL GOVERNMENT SECURITIES 1 2 3 NET CHANGE IN LIABILITIES OF STATE ANO LOCAL GOVERNMENTS SHORT-TERM OTHER 4 5 6 7 NET CHANGE IN ASSETS HOUSEHOLDS CORPORATE BUSINESS S.+ L. GOVT., GEN.FUNOS 8 9 10 ll 12 13 COMMERCIAL BANKING MUTUAL SAVINGS BANKS LIFE INSURANCE COS. OTHER INSURANCE COS. S.+ L. GOVT., RTR. FUNDS FINANCE N.E.C. 68 1 67 1.412 199 1.213 2.169 165 2.004 2.582 204 2.378 3.332 393 2.939 2. 178 312 1.866 2.742 186 2.556 4.448 142 4.306 6.043 117 5.926 1 2 3 68 34 -26 -305 1.412 442 37 -39 2.169 1.006 102 20 2.582 691 33 313 3.332 548 167 284 2. 178 338 192 29 2.742 1.099 -31 50 4.448 2.001 193 182 6.043 2.477 -34 174 4 5 6 7 429 -30 -108 -12 86 0 892 2 -5 78 102 -97 390 6 263 229 129 24 898 15 180 284 183 -15 I. 597 2 100 316 200 118 1.096 52 -10 304 163 14 1 .009 195 -16 421 171 -156 657 93 152 748 220 202 1.763 180 555 785 2 73 -130 8 9 10 11 12 13 CORPORATE ANO FOREIGN BONOS NET ISSUES CORPORATE BUSINESS FINANCE COMPANIES COMMERCIAL BANKS REST OF THE WORLO 1.022 953 161 0 -92 2.984 2.813 192 0 -21 4.805 4.300 425 0 80 3.276 2.903 382 0 -9 2.255 1.624 380 0 251 3.860 3.295 288 0 277 4.968 4.684 257 0 27 4.645 3.356 1.401 0 -112 3. 750 3.479 321 0 -50 1 2 3 4 5 6 7 8 9 10 NET PURCHASES HOUSEHOLDS STATE AND LOCAL GOVERNMENTS COMMERCIAL BANKING MUTUAL SAVINGS BANKS 1.022 -891 -38 13 186 2.984 -755 -30 -45 354 4.805 -161 99 -279 402 3.276 -421 25 171 210 2.255 -830 43 154 -18 3.860 -186 245 -27 176 4.968 -59 119 -130 309 4.645 -34 -16 20 242 3.750 -384 115 -176 125 6 7 8 9 10 11 12 13 14 15 INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNOS S.* L.GOVT. RTR. FUNOS OTHER INSURANCE COMPANIES 2.102 1.805 265 20 12 3.408 3.020 295 30 63 4.780 4.233 321 77 149 2.993 2.573 319 135 -34 3.008 1.821 965 183 39 3.590 2.715 655 116 104 4.523 3.103 1.065 210 145 4.4312.755 1.099 452 • 125 3.835 1.957 1.260 564 54 11 12 13 14 15 16 17 FINANCE N.E.C. REST OF THE WORLO -76 -274 1 51 12 -48 203 95 -92 -10 56 6 170 36 -13 15 229 6 16 17 1 2 3 4 5 CORPORATE EQUITIES NET ISSUES OPEN-ENO INVESTMENT COS. OTHER SECTORS CORPORATE BUSINESS COMMERCIAL BANKS REST OF THE WORLO 1.393 282 1.111 1.056 55 0 1.380 209 1.171 1.175 11 -15 1.204 96 1.108 1.048 45 15 1.616 327 1.289 1.296 11 -18 1.728 239 1.489 1.393 72 24 2.406 297 2.109 1.889 144 76 3.032 531 2.501 2.302 139 60 2.288 408 1.880 1.817 114 -51 2.581 522 2.059 1.575 228 256 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 NET PURCHASES HOUSEHOLDS MUTUAL SAVINGS BANKS COMMERCIAL BANKING INSURANCE SECTOR LIFE INSURANCE COMPANIES PRIVATE PENSION FUNOS OTHER INSURANCE COMPANIES S.+ L. GOVT. RTR. FUNDS 1.393 1.119 14 0 285 267 60 -43 1 1.380 1.116 -34 1 281 150 95 34 2 1.204 987 11 0 229 44 95 87 3 1.616 759 0 1 488 226 124 131 7 1.728 735 24 1 980 317 519 135 9 2.406 1.585 46 2 459 55 253 139 12 3.032 1.557 109 5 838 164 478 181 15 2.288 935 95 3 847 93 545 190 19 2.581 699 140 14 1.166 270 709 163 24 7 8 9 10 11 12 13 14 15 16 17 18 19 FINANCE N.E.C. OPEN-ENO INVESTMENT COS. BROKERS ANO OEALERS REST OF THE WORLD 39 143 -104 -64 167 157 10 -151 121 118 3 -144 389 204 185 -21 -15 125 -140 3 194 179 15 120 522 433 89 1 353 364 -11 55 427 297 130 135 16 17 18 19 I 2 3 4 5 6 TOTAL MORTGAGES 6.223 7. 158 7.281 6.480 10.139 9.463 9.118 9.900 12.373 1 100 0 80 0 42 0 44 0 46 0 47 0 132 0 50 0 239 0 2 3 PRIVATE NONFIN. SECTORS HOUSEHOLDS NONPROFIT INST. BUSINESS FARMS NONFARM NONCORPORATE CORPORATE 6.123 3.775 180 2.168 137 571 1.460 7.078 4.301 254 2.523 167 757 1.599 7.239 5.030 400 1.809 224 512 1.073 6.436 4.066 484 1.886 291 720 875 10.093 7.392 535 2.166 492 804 870 9.416 7.124 556 1.736 580 401 755 8.986 6.442 495 2.049 5 85 572 892 9.850 7.652 512 1.686 501 334 851 12.134 8.628 653 2.853 509 738 1.606 4 5 6 7 8 9 10 11 FUNOS AOVANCEO BY— HOUSEHOLDS 12 ST.+LOC. GOVTS.,GEN FOS. 13 U.S. GOVERNMENT 14 SPONSORED CREDIT AGENCIES (1) 15 6.223 1.507 25 -346 -76 7.158 1.315 50 -93 -72 7.281 1.160 50 46 -15 6.480 747 50 471 33 10.139 680 65 315 47 9.463 894 80 614 58 9.118 753 80 489 81 9.900 1.007 80 385 89 12.373 1.191 80 69 101 11 12 13 14 15 5.113 2.462 2.003 1.765 233 5 5.958 2.210 2.135 1.715 415 5 6.040 1.450 2.406 1.449 951 6 5.179 748 2.229 1.311 898 20 9.032 2.018 3.598 2.041 1.557 0 7.817 1.069 3.572 1.907 1.654 11 7.715 1.135 4.331 2.832 1.464 35 8.339 983 5.153 3.566 1.563 24 10.932 1.724 6.222 4.146 2.064 12 16 17 18 19 20 21 549 519 22 3 5 99 1.552 1.520 20 4 8 61 2.195 2.158 20 10 7 -11 2.127 2.073 20 17 17 75 3.250 3.196 20 23 11 166 3.274 3.212 18 30 14 -98 2.007 1.937 29 36 5 242 2.177 2.071 43 47 16 26 2.765 2.654 46 61 4 221 22 23 24 25 26 27 131 77 -82 383 101 -47 -85 28 1 TOTAL MORTGAGE CREOIT BORROWED BY— SAVINGS+LOAN ASSNS. U.S. GOVERNMENT 2 3 4 5 6 7 8 9 10 16 17 18 19 20 21 22 23 24 25 26 27 PVT. FINANCIAL INST. COMMERCIAL BANKS SAVINGS INSTITUTIONS SVG. + LOAN ASSNS. ( 11 MUT. SAVINGS BANKS CREOIT UNIONS INSURANCE LIFE COMPANIES PVT. PENSION FUNOS ST.+LOC. GOVT. RET.FOS. OTHER INSURANCE FINANCE N.E.C 96 28 (11 MEMO: FHLB LOANS TO S£L ASSNS. (INCLUDED IN "OTHER LOANS" CATEGORYI. MONEY AMOUNTS ARE IN.MILLIONS OF OOLLARS 88 • AUGUST, 1972 PRIVATE SECURITIES AND MORTGAGES PRIVATE SECURITIES ANO MORTGAGES 47 47 PRIVATE SECURITIES AND MORTGAGES ANNUAL FLOWS, 1955-64 ANNUAL FLOWS, 1955-64 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 STATE ANO LOCAL GOVERNMENT SECURITIES 1 2 3 NET CHANGE IN LIABILITIES OF STATE AND LOCAL GOVERNMENTS SHORT-TERM OTHER 5. 159 47 5.112 3.795 88 3.707 4.413 164 4.249 5.494 427 5.067 6.065 412 5.653 5.244 246 4.998 5.247 221 5.026 5.323 222 5.101 5.911 453 5.458 5.707 557 5.150 1 2 3 4 5 6 7 NET CHANGE IN ASSETS HOUSEHOLDS CORPORATE BUSINESS S.+ L. GOVT., GEN.FUNOS 5.159 3.361 248 12 3.795 2.355 123 1 4.413 1.816 138 110 5.494 800 479 147 6.065 3.043 751 -23 5.244 3.477 -307 33 5.247 1.392 -7 16 5.323 -1.044 302 -190 5.911 1.548 1.090 -239 5.707 1.977 -107 -111 4 5 6 7 196 38 165 792 347 0 143 29 236 721 387 -200 1.014 10 143 653 429 100 2.590 44 314 681 424 15 406 -7 530 990 288 87 607 -49 385 845 155 98 2.782 5 296 973 -143 -67 5.691 -150 135 648 -459 190 3.570 -87 -169 707 -500 -9 3.947 -49 -83 358 -404 179 8 9 10 11 12 13 6 9 10 11 12 13 COMMERCIAL BANKING MUTUAL SAVINGS BANKS LIFE INSURANCE COS. OTHER INSURANCE COS. S.+ L. GOVT., RTR. FUNDS FINANCE N.E.C. CORPORATE AND FOREIGN BONDS NET ISSUES CORPORATE BUSINESS FINANCE COMPANIES COMMERCIAL BANKS REST OF THE WORLD 3.994 2.836 1.351 0 -193 4.920 3.615 995 0 310 7.462 6.317 710 0 435 6.768 5.683 167 0 918 4.546 2.955 1.118 0 473 5.570 3.456 1.537 0 577 5.607 4.640 530 0 437 5.859 4.550 315 0 994 6.570 3.913 1.431 233 993 7. 104 3.994 2.103 540 467 I 2 3 4 5 6 7 8 9 10 NET PURCHASES HOUSEHOLDS STATE AND LOCAL GOVERNMENTS COMMERCIAL 8ANKING MUTUAL SAVINGS BANKS 3.994 1.058 -22 -226 -330 4.920 939 -103 -413 73 7.462 1.030 35 120 587 6.768 1.079 282 -50 552 4.546 269 -36 -138 -128 5.570 169 581 -2 03 154 5.607 333 -140 -183 -149 5.859 -616 475 -32 -116 6.570 -264 634 -8 -295 7.104 -91 684 63 -169 6 7 8 9 10 11 12 13 14 15 INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNOS S.+ L.GOVT. RTR. FUNOS OTHER INSURANCE COMPANIES 3.271 1.752 946 536 37 4.363 2.139 1.622 575 27 5.403 2.579 1.862 782 180 4.978 2.524 1.5Q5 805 144 4.400 2.210 1.243 886 61 4.663 1.750 1.614 1.212 87 5.449 2.488 1.183 1.748 30 5.976 2.473 1.219 1.936 348 6.160 2.830 1.459 1.912 -41 6.142 2.284 1.646 1.872 340 ll 12 13 14 15 189 54 -6 67 197 90 -127 54 235 -56 127 79 296 1 147 25 286 57 267 208 16 17 1 2 3 4 5 FINANCE N.E.C. REST OF THE WORLD CORPORATE EQUITIES 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 NET ISSUES OPEN-END INVESTMENT COS. OTHER SECTORS CORPORATE BUSINESS COMMERCIAL ’BANKS REST OF THE WORLD 2.945 879 2.066 1.944 -51 173 3.752 1.094 2.658 2.280 267 111 3.921 1.173 2.748 2.440 273 35 3.888 1.430 2.458 2.072 54 332 4.30 7 1.736 2.571 2.244 132 195 3.274 1.491 1.783 1.575 122 86 4.874 1.899 2.975 2.472 178 325 2.506 1.843 663 592 96 -25 1.089 1.227 -138 -300 51 111 3.513 1.873 1.640 1.385 45 210 1 2 3 4 5 6 NET PURCHASES HOUSEHOLDS ( MUTUAL SAVINGS BANKS COMMERCIAL BANKING INSURANCE SECTOR LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS OTHER INSURANCE COMPANIES S.+ L. GOVT. RTR. FUNDS 2.945 1.074 84 2 995 65 739 163 28 3.752 1.9^8 50 5 1.109 -2 941 136 34 3.921 1.466 62 13 1.354 43 1.135 125 51 3.888 1.497 95 7 1.651 78 1.381 134 58 4.307 631 -49 8 2.277 192 1.743 267 75 3.274 -425 16 19 2.648 352 1.946 264 86 4.874 357 65 7 3.135 465 2.258 260 152 2.506 -2.048 149 3 3.0 76 433 2.198 248 197 1.089 -2.739 115 3 2.781 246 2.170 156 209 3.513 -75 101 18 3.134 546 2.212 103 273 7 8 9 10 11 12 13 14 15 663 508 155 127 384 584 -200 256 879 794 85 147 692 975 -283 -54 1.089 1.009 80 351 813 843 -30 203 98 7 1.031 -44 323 1.217 1.099 118 109 704 588 116 225 627 721 -94 -292 16 17 18 19 FINANCE N.E.C. OPEN-END INVESTMENT COS. BROKERS AND OEALERS REST OF THE WORLO TOTAL MORTGAGES 16.220 14.561 12.067 15.248 19.051 16.027 19.383 22.392 25.648 25.858 I 123 0 -25 0 -31 96 30 5 436 132 315 -107 405 364 222 449 260 529 62 -289 30 2 3 PRIVATE NONFIN. SECTORS HOUSEHOLDS NONPROFIT INST. BUSINESS FARMS NONFARM NONCORPORATE CORPORATE 16.097 12.197 62 9 3.271 775 684 1.812 14.586 11.201 703 2.682 814 250 1.618 12.002 8.757 784 2.461 562 290 1.609 14.507 8.845 818 4.844 712 1.217 2.915 18.604 12.560 814 5.230 992 1.219 3.019 15.729 10.781 867 4.081 737 818 2.526 18.797 10.915 900 6.982 1.079 1.951 3.952 21.683 12.709 951 8.023 1.276 2.219 4.528 25.057 14.750 977 9.330 1.629 2.831 4.870 26.117 15.985 1.041 9.091 2.120 3.380 3.591 4 5 6 7 8 9 10 11 FUNDS ADVANCED BY— HOUSEHOLDS 12 ST.+LOC. GOVTS.,GEN FDS. 13 U.S. GOVERNMENT 14 SPONSORED CREDIT AGENCIES (1) 15 16.220 1.156 128 270 302 14.561 1.527 177 16 807 12.067 1.895 177 277 1.163 15.248 2.314 46 408 -85 19.051 1.786 270 1.265 942 16.027 1.958 -55 191 1.C57 19.383 1.659 699 375 233 22.392 969 108 132 198 25.648 319 62 -445 -527 25.858 317 -7 -105 344 11 12 13 14 15 14.364 2.430 7.777 5.301 2.450 26 12.034 1.715 6.665 4.320 2.289 56 8.555 618 5. 736 4.278 1.423 35 12.565 2.186 7.742 5.620 2.094 28 14.788 2.483 9.434 7.514 1.868 52 12.876 661 8.904 6.929 1.943 32 16.417 1.635 11.004 8.764 2.210 30 20.985 4.035 13.159 9.936 3.175 48 26.239 4.938 16.125 12.174 3.904 47 25.309 4.562 14.766 10.389 4.332 45 16 17 18 19 20 21 3.630 3.469 83 69 9 527 3.756 3.544 128 77 9 -104 2. 526 2.247 134 145 0 -325 2.180 1.826 159 196 -1 457 2.624 2.135 247 256 -14 247 3.347 2.574 312 458 3 -36 3. 143 2.432 259 446 6 635 3.340 2.699 316 346 -21 451 4.343 3.642 344 370 -13 833 5.591 4.608 526 458 -1 390 22 23 24 25 26 27 550 -189 37 33 836 -153 681 817 1.305 541 28 1 TOTAL MORTGAGE CREDIT BCRROWED BY— SAVINGS+LOAN ASSNS. U.S. GOVERNMENT 2 3 4 5 6 7 8 9 10 16 17 18 19 20 21 22 23 24 25 26 27 PVT. FINANCIAL INST. COMMERCIAL BANKS SAVINGS INSTITUTIONS SVG. + LOAN ASSNS. (1» MUT. SAVINGS BANKS CREOIT UNIONS INSURANCE LIFE COMPANIES PVT. PENSION FUNDS ST.+LOC. GOVT. RET.FDS. OTHER INSURANCE FINANCE N.E.C 28 (1IMEM0: FHLB LOANS TO S£L ASSNS. (INCLUDED IN "OTHER LOANS" CATEGORY!. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS AUGUST, 1972 PRIVATE SECURITIES ANO MORTGAGES PRIVATE SECURITIES AND MORTGAGES PRIVATE SECURITIES AND MORTGAGES 48 48 ANNUAL FLOWS, 1965-71 ANNUAL FLOWS, 1965-71 1965 1966 1967 1968 1969 1971 1970 1972 1973 1974 STATE AND LOCAL GOVERNMENT SECURITIES 1 2 3 NET CHANGE IN LIABILITIES OF STATE AND LOCAL GOVERNMENTS SHORT-TERM OTHER 7.295 639 6.656 5.748 661 5.087 8.306 1.823 6.483 10.084 143 9.941 7.943 2.593 5.350 13.849 3.822 10.027 20.234 4.621 15.613 I 2 3 4 5 6 7 NET CHANGE IN ASSETS HOUSEHOLDS CORPORATE BUSINESS S.+ L. GOVT., GEN.FUNDS 7.295 1.699 920 -56 5.748 3.700 -961 -42 8.306 -1.658 -339 0 10.084 -193 482 46 7.943 7.630 -982 65 13.849 1.978 -625 32 20.234 4.928 1.000 -206 4 5 6 7 5.217 -71 -278 379 -275 -240 2.329 -69 -376 1.299 -144 12 9.121 -32 -138 1.386 -75 41 8.551 -25 213 992 -24 42 203 6 15 1.244 -51 -187 10.668 4 85 1.452 -299 554 12.668 193 212 1.500 -174 113 8 9 10 11 12 13 8 9 10 11 12 13 COMMERCIAL BANKING MUTUAL SAVINGS BANKS LIFE INSURANCE COS. OTHER INSURANCE COS. S.+ L. GOVT., RTR. FUNDS FINANCE N.E.C. CORPORATE AND FOREIGN BONDS NET ISSUES CORPORATE BUSINESS FINANCE COMPANIES COMMERCIAL BANKS REST OF THE WORLD 8.559 5.392 1.890 817 460 11.823 10.224 760 104 735 17.176 *14.658 1.033 269 1.216 15.033 12.893 611 258 1.071 14.783 12.070 1.567 118 1.028 23.699 20.261 2.544 20 874 24.621 19.399 3.788 541 893 1 2 3 4 5 6 7 8 9 10 NET PURCHASES HOUSEHOLDS STATE ANO LOCAL GOVERNMENTS CCMMERCIAL BANKING MUTUAL SAVINGS BANKS 8.559 725 689 -94 -127 11.823 1.872 579 69 287 17.176 4.757 525 804 2.075 15.033 4.814 236 304 1.312 14.783 5.705 1.848 -55 332 23.699 12.413 -2.045 802 1.309 24.621 7.598 952 1.275 4.299 6 7 8 9 10 11 12 13 14 15 INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNOS S.+ L.GOVT. RTR. FUNOS OTHER INSURANCE COMPANIES 7.057 2.787 1.497 2.128 645 8.000 2.352 2.528 2.549 571 9.042 3.844 1.124 3.369 705 8.208 3.868 645 2.524 1.171 6.055 1.511 613 3.122 809 9.686 1.471 2.053 3.857 2.305 9.605 5.145 -653 4.391 722 11 12 13 14 15 16 17 FINANCE N.E.C. REST OF THE WORLD 456 -147 396 620 101 -128 -3 162 380 518 863 671 628 264 16 17 1 2 3 4 5 CORPORATE EQUITIES I 2 3 4 5 6 NET ISSUES OPEN-END INVESTMENT COS. OTHER SECTORS CORPORATE BUSINESS COMMERCIAL BANKS REST OF THE WORLD 7 8 9 10 ll 12 13 14 15 NET PURCHASES HOUSEHOLDS MUTUAL SAVINGS BANKS COMMERCIAL BANKING INSURANCE SECTOR LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS OTHER INSURANCE COMPANIES S.+ L. GOVT. RTR. FUNOS 16 17 18 i9 FINANCE N.E.C. OPEN-END INVESTMENT COS. BROKERS AND OEALERS REST OF THE WORLD 3.374 3.114 260 24 -62 298 4.632 3.716 916 1.180 -11 -253 4.876 2.559 2.317 2.304 -3 7 50 3.986 4.731 -745 -843 -57 155 10.284 5.545 4.739 4.303 -31 46 7 9.463 2.594 6.869 6,769 32 68 14.778 1.309 13.469 13.434 18 17 1 2 3 4 5 6 3.374 -1.937 167 57 4.271 708 3.124 87 352 4,632 -1.018 41 63 4.823 268 3.676 391 488 4.876 -4.199 219 64 6.584 1.017 4.562 335 670 3.986 -7.582 251 66 8.147 1.357 4.718 755 1.317 10.284 -4.100 238 49 9. 854 1.705 5.382 979 1.788 9.463 -2.589 333 94 9.653 1.984 4.566 966 2.137 14.778 -5.209 492 -17 18.211 3.640 8.915 2.471 3.185 7 8 9 10 ll 12 13 14 15 1.216 1.164 52 -400 1.028 99 2 36 -305 1.510 1.453 57 698 1.007 1.460 -453 2.097 2.678 2.478 200 1.565 1.275 1.109 166 697 450 445 5 851 16 17 18 19 TOTAL MORTGAGES 25.626 21.305 22.970 27.425 27.837 26.393 48.881 I -41 19 -928 -62 987 -63 192 -66 6 -81 623 -75 1.994 -69 2 3 25.648 15.234 1.175 9.239 2.233 3.149 3.857 22.295 12.310 1.257 8.728 2.132 2.365 4.231 22.046 10.497 1.194 ’0.355 2.134 3.709 4.512 27.299 14.879 1.135 11.285 2.068 3.389 5.828 27.912 16.072 1.276 10.564 1.942 3.786 4.836 25.845 12.547 1.360 11.938 1.775 4.871 5.292 46.956 24.569 1.448 20.939 2.011 7.778 11.150 4 5 6 7 8 9 10 25.626 -766 -20 -119 1.086 21.305 1.318 -35 838 2.553 22.970 942 42 881 1.777 27.425 1.777 58 1.124 2.162 27.837 1.959 -10 707 4.471 26.393 2. 226 -1 345 5.834 48.881 2.431 14 35 6.328 11 12 13 14 15 25.445 5.699 13.067 8.973 4.061 33 16.631 4.705 6.536 3.763 2.720 53 19.328 4.639 10.708 7.520 3.153 35 22.304 6.677 12.176 9.350 2.787 39 20.710 5.404 12.195 9.489 2.682 24 17.989 2.462 12.086 10.172 1.845 69 40.073 9.940 28.148 24.160 3.938 50 16 17 18 19 20 21 6. 137 4.861 578 676 22 542 5.954 4.596 587 770 1 -564 3.585 2.907 172 487 19 396 2.810 2.459 -16 359 8 641 2.830 2.052 149 622 7 281 3.300 2.348 82 825 45 141 932 1.221 -615 276 50 1.053 22 23 24 25 26 27 -2.549 938 672 28 (1JMEM0: FHLB LOANS TO SSL ASSNS. (INCLUDED IN "OTHER LOANS" CATEGORY I 873 4.030 1.326 -2.679 28 1 TOTAL MORTGAGE CREDIT BORROWED BY— SAVINGS+LOAN ASSNS. U.S. GOVERNMENT 2 3 4 5 6 7 8 9 10 PRIVATE NONFIN. SECTORS HOUSEHOLDS NONPROFIT INST. BUSINESS FARMS NONFARM NONCORPORATE CORPORATE 11 FUNDS ADVANCED BY— HOUSEHOLDS 12 13 ST.+LOC. GOVTS.,GEN FDS. 14 U.S. GOVERNMENT SPONSORED CREDIT AGENCIES (1) (2) L5 16 17 18 19 20 21 22 23 24 25 26 2? (2) PVT. FINANCIAL INST. COMMERCIAL BANKS SAVINGS INSTITUTIONS SVG. + LOAN ASSNS. (11 MUT. SAVINGS BANKS CREDIT UNIONS INSURANCE LIFE COMPANIES PVT. PENSION FUNOS ST.+LOC. GOVT. RET.FDS. OTHER INSURANCE FINANCE N.E.C Includes mortgage pools backing GNMA pass-through securities: 1970 1971 452 2.702 Money amounts are in millions of dollars. AUGUST, 1972 MORTGAGES, BY TYPE MORTGAGES, BY TWfe MORTGAGE MARKETS BY TYPE OF MORTGAGE 49 49 ANNUAL FLOWS, 1946-54 ANNUAL FLOWS, 1946-54 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 HOME MORTGAGES NET CHANGE IN LIABILITIES HOUSEHOLDS NONFARM NONCORP. BUSINESS CORPORATE BUSINESS U.S. GOVERNMENT SAVINGS ANO LOAN ASSNS. 4.443 3.775 284 284 0 ICO 5. 165 4.301 392 392 0 80 5.080 5.030 4 4 0 42 4.342 4.066 116 116 0 44 7.554 7.392 58 58 0 46 6.543 7.124 -314 -314 0 47 6.790 6.442 108 108 0 132 7.594 7.652 -54 -54 0 50 9.575 8.628 354 354 0 239 1 2 3 4 5 6 7 8 9 10 11 NET CHANGE IN ASSETS HOUSEHOLDS STATE ANO LOCAL GOVERNMENTS U.S. GOVERNMENT SPONSORED CREDIT AGENCIES 4.443 757 25 -228 0 5. 165 506 50 -41 C 5.080 473 50 85 0 4.342 196 50 466 0 7.554 154 65 292 0 6.543 264 80 595 0 6.790 158 80 460 0 7.594 428 80 247 0 9.575 349 80 0 0 7 8 9 10 11 « 13 14 15 16 COMMERCIAL BANKING SAVINGS INSTITUTIONS SAVINGS ANO LOAN ASSNS. MUTUAL SAVINGS BANKS CREOIT UNIONS 1.701 1.828 1.684 139 5 1.727 1.89C 1.635 250 5 1.093 1.924 1.366 552 6 560 1.825 1.276 529 20 1.525 2.947 1.999 948 0 794 2.758 1.728 1.019 11 975 3.699 2.801 863 35 775 4.557 3.354 1.179 24 1.275 5.646 4.005 1.629 12 12 13 14 15 16 17 18 19 20 INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS FINANCE N.E.C. (MTG. COS.I 261 239 22 99 972 952 20 61 1.466 1.446 20 -11 1.170 1.150 20 75 2.405 2.385 20 166 2.150 2.132 18 -98 1.176 1.147 29 242 1.481 1.438 43 26 2.004 1.958 46 221 17 18 19 20 1 2 3 4 5 6 MULTI -FAMILY RESIDENTIAL MORTGAGES 1 NET BORROWING CORPORATE BUSINESS 2 NONFARM NONCORP. BUSINESS 3 348 173 175 517 258 259 875 437 438 1.167 583 584 1.472 735 737 1.341 670 671 839 416 423 640 317 323 544 269 275 1 2 3 4 NET CHANGE IN ASSETS 5 HOUSEHOLDS U.S. GOVERNMENT 6 FED. NAT. MTG. ASSN. 7 8 COMMERCIAL BANKS 348 131 -2 0 50 517 217 0 0 60 875 246 2 0 40 1.167 332 20 0 50 1.472 333 12 0 230 1.341 232 20 0 45 839 148 14 0 -57 640 81 110 0 -38 544 94 84 0 -48 4 5 6 7 8 9 10 11 SAVINGS INSTITUTIONS SAVINGS AND LOAN ASSNS. MUTUAL SAVINGS BANKS 96 34 62 133 34 99 304. 35 269 298 16 282 555 18 537 598 76 522 441 16 425 365 93 272 312 64 248 9 IQ 11 12 13 LIFE INSURANCE COS. S.♦L.GOVT. PENS.FUNDS 70 3 103 4 273 10 450 17 319 23 416 30 257 36 75 47 41 61 12 13 COMMERCIAL MORTGAGES _______ _______ ________ ... 1 NET BORROWING HOUSEHOLDS 2 CORPORATE BUSINESS 3 NONFARM NONCORP. BUSINESS 4 1.295 180 1.003 112 1.309 254 949 106 1.102 400 632 70 680 484 176 20 621 535 77 9 999 556 399 44 904 495 368 41 1.165 512 588 65 1.745 653 983 109 1 2 3 4 5 NET CHANGE IN ASSETS 6 HOUSEHOLDS U.S. GOVERNMENT 7 8 COMMERCIAL BANKS 1.295 49 7 -6 531 1.309 525 -2 303 1.102 312 0 267 680 134 -2 103 621 10 4 204 999 114 0 194 904 196 0 163 1.165 308 11 222 1.745 578 -ll 420 5 6 7 8 9 10 11 SAVINGS INSTITUTIONS SAVINGS ANO LOAN ASSNS. MUTUAL SAVINGS BANKS 77 47 30 110 46 64 172 48 124 103 19 84 89 24 65 213 103 no 185 15 170 231 119 112 261 77 184 9 10 11 12 13 LIFE INSURANCE COMPANIES OTHER INSURANCE COMPANIES 191 5 365 8 344 7 325 17 303 11 464 14 355 5 377 16 493 4 12 13 FARM MORTGAGES 1 NET BORROWING BY FARMS NET CHANGE IN ASSETS— HOUSEHOLDS U.S. GOVERNMENT FEO. LANO BANKS COMMERCIAL BANKS MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES 2 3 4 5 6 7 MONEY AMOUNTS ARE IN MILLIONS OF OOLLARS. 137 167 224 291 492 580 585 501 509 1 122 -110 -76 180 2 19 67 -50 -72 120 2 100 129 -41 -15 50 6 95 85 -13 33 35 3 148 183 7 47 59 7 189 284 -I 58 36 3 200 251 15 81 54 6 178 190 17 89 24 0 181 170 -4 101 77 3 162 2 3 4 5 6 7 AUGUST, 1972 MORTGAGES, BY TYPE MORTGAGES, BY TYPE MORTGAGE MARKETS BY TYPE OF MORTGAGE 50 50 ANNUAL FLOWS, 1955-64 ANNUAL FLOWS, 1955-64 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 HOME MORTGAGES NET CHANGE IN LIABILITIES HOUSEHOLDS NONFARM NONCORP. BUSINESS CORPORATE BUSINESS U.S. GOVERNMENT SAVINGS AND LOAN ASSNS. 12.572 12.197 126 126 0 123 10.752 11.201 -212 -212 0 -25 8.616 8.757 -103 -103 96 -31 10.070 8.845 242 242 436 305 13.167 12.560 80 80 315 132 10.433 10.781 -323 -323 405 -107 11.707 10.915 103 103 222 364 13.488 12.709 35 35 260 449 15.705 14.750 182 182 62 529 15.390 15.985 -168 -168 30 -289 1 2 3 4 5 6 7 8 9 10 11 NET CHANGE IN ASSETS HOUSEHOLDS STATE ANO LOCAL GOVERNMENTS U.S. GOVERNMENT 12.572 185 128 159 86 10.752 444 177 -44 563 8.616 879 177 166 987 10.070 805 46 230 -255 13.167 84 270 92 5 669 10.433 629 -55 29 851 11.707 -310 699 205 -31 13.488 176 108 85 -36 15.705 29 62 -406 -784 15.390 309 -7 -104 -64 7 8 9 10 11 12 13 14 15 16 COMMERCIAL BANKING SAVINGS INSTITUTIONS SAVINGS ANO LOAN ASSNS. MUTUAL SAVINGS BANKS CREDIT UNIONS 1.775 7. 121 4.997 2.C98 26 1.170 5.949 4.003 1.890 56 140 5.147 3.992 1.120 35 1.243 6.452 4.894 1.530 28 1.471 8.045 6.645 1.348 52 42 7.365 5.851 1.482 32 796 8.692 7.009 1.653 30 2.091 9.541 7.366 2.127 48 2.781 11.912 9.297 2.568 47 2.310 10.836 8.114 2.677 45 12 13 14 15 16 17 18 19 20 INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNOS FINANCE N.E.C. (MTG. COS.I 2.591 2.508 83 527 2.597 2.469 128 -104 1.445 1.311 134 -325 1.092 933 159 45 7 1.456 1.209 247 247 1.608 1.296 312 -36 1.021 762 259 635 1.072 756 316 451 1.278 934 344 833 1.720 1.194 526 390 17 18 19 20 1 2 3 4 5 6 SPONSORED CREDIT AGENCIES MULTI-FAMILY RESIDENTIAL MORTGAGES 1 NET BORROWING CORPORATE BUSINESS 2 3 NONFARM NONCORP. BUSINESS 825 409 416 574 284 290 451 223 228 1.518 756 762 1.820 907 913 1.681 771 910 2.614 1.074 1.540 2.836 1.036 1.800 3.243 1.003 2.240 4.523 1.253 3.270 1 2 3 4 NET CHANGE IN ASSETS 5 HOUSEHOLDS U.S. GOVERNMENT 6 7 FED. NAT. MTG. ASSN. 8 COMMERCIAL BANKS 825 137 115 0 -39 574 57 43 0 -54 451 5 43 0 3 1.518 253 134 0 201 1.820 263 301 0 157 1.681 33 120 2 0 2.614 382 83 0 67 2.836 -195 31 10 166 3.243 -325 -84 0 213 4.523 -292 -14 -I 147 4 5 6 7 8 9 10 11 SAVINGS INSTITUTIONS SAVINGS AND LOAN ASSNS. MUTUAL SAVINGS BANKS 395 136 259 388 143 245 319 132 187 738 343 395 724 420 304 869 531 338 1.251 869 382 2.003 1.290 713 2.451 1.482 969 2.332 1.240 1.092 9 10 11 12 13 LIFE INSURANCE COS. S.+L.GOVT. PENS.FUNOS 148 69 63 77 -64 145 -4 196 119 256 199 458 385 446 4 75 346 618 370 1.893 458 12 13 COMMERCIAL MORTGAGES 1 NET BORROWING HOUSEHOLDS 2 CORPORATE BUSINESS 3 NONFARM NONCORP. BUSINESS 4 2.048 629 1.277 142 2.421 703 1.546 172 2.438 784 1.489 165 2.948 818 1.917 213 3.072 814 2.032 226 3.176 867 2.078 231 3.983 900 2.775 308 4.792 951 3.457 384 5.071 977 3.685 409 3.825 1.041 2.506 278 1 2 3 4 5 NET CHANGE IN ASSETS HOUSEHOLDS 6 U.S. GOVERNMENT 7 COMMERCIAL BANKS 8 2.048 615 21 556 2.421 714 7 560 2.438 806 19 444 2.948 943 -2 638 3.072 1.007 -7 776 3.176 1.021 -2 559 3.983 1.278 -I 674 4.792 323 0 1.502 5.071 -14 0 1.639 3.825 -574 0 1.794 5 6 7 8 9 10 11 SAVINGS INSTITUTIONS SAVINGS AND LOAN ASSNS. MUTUAL SAVINGS BANKS 2 59 168 91 327 174 153 272 154 118 556 383 173 663 449 214 671 54 7 124 1.064 886 178 1.615 1.280 335 1.761 1.395 366 1.597 1.035 562 9 10 11 12 13 LIFE INSURANCE COMPANIES OTHER INSURANCE COMPANIES 588 9 804 9 897 0 814 -I 64 7 -14 924 3 962 6 1.373 -21 1.698 -13 1.009 -1 12 13 FARM MORTGAGES 1 NET BORROWING BY FARMS NET CHANGE IN ASSETS— HOUSEHOLDS 2 U.S. GOVERNMENT 3 4 FED. LANO BANKS COMMERCIAL BANKS 5 MUTUAL SAVINGS BANKS 6 LIFE INSURANCE COMPANIES 7 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS, 775 814 562 712 992 737 1.079 1.276 1.629 2.120 1 219 -25 216 138 2 225 312 10 244 39 I 208 205 49 176 31 -2 103 313 46 170 104 -4 83 432 46 273 79 2 160 275 44 204 60 -1 155 309 88 264 98 -3 323 665 16 224 276 0 95 629 45 257 305 1 392 874 13 409 311 1 512 2 3 4 5 6 7 AUGUST, 1972 MORTGAGES, BY TYPE MORTGAGES, BY TYPE 51 MORTGAGE MARKETS BY TYPE OF MORTGAGE 51 ANNUAL FLOWS* 1965-71 ANNUAL FLOWS, 1965-71 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 HOME MORTGAGES 1 2 3 4 5 6 NET CHANGE IN LIABILITIES HOUSEHOLDS NONFARM NONCORP. BUSINESS CORPORATE BUSINESS U.S. GOVERNMENT SAVINGS ANO LOAN ASSNS. 15.360 15.234 74 74 19 -41 10.368 12.310 -476 -476 -62 -928 12.541 10.497 560 560 -63 987 15.289 14.879 142 142 -66 192 15.581 16.072 -208 -208 -81 6 13.353 12.547 129 129 -75 623 27.984 24.569 745 745 -69 1.994 1 2 3 4 5 6 7 8 9 10 11 NET CHANGE IN ASSETS HOUSEHOLDS STATE ANO LOCAL GOVERNMENTS U.S. GOVERNMENT 15.360 -136 -20 -129 524 10.368 335 -35 603 1.876 12.541 215 42 728 1.127 15.289 684 58 832 1.638 15.581 185 -10 94 3.86 8 13.353 470 -1 -140 5.071 27.984 164 14 -319 4.778 7 8 9 10 11 12 13 14 15 16 COMMERCIAL BANKING SAVINGS INSTITUTIONS SAVINGS ANO LOAN ASSNS. MUTUAL SAVINGS BANKS* CREDIT UNIONS 3.181 9.756 7.053 2.670 33 2.402 4.520 2.858 1.609 53 2.472 7.859 6.030 1.794 35 3.490 8.695 7.233 1.423 39 2.986 9.094 7.674 1.396 24 865 8.153 7.150 934 69 5.691 19.302 18.032 1.220 50 12 13 14 15 16 17 18 19 20 INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS FINANCE N.E.C. (MTG. COS.) 1.642 1.064 578 542 1.231 644 587 -564 -298 -470 172 396 -749 -733 -16 641 -917 -1.066 149 281 -1.206 -1.288 82 141 -2.699 -2.084 -615 1.053 17 18 19 20 SPONSORED CREDIT AGENCIES (1) MULTI -FAMILY RESIDENTIAL MORTGAGES I NET BORROWING 2 CORPORATE BUSINESS NONFARM NONCORP. BUSINESS 3 3.618 867 2.751 3.124 72 5 2.399 3.611 811 2.800 3.467 767 2.700 4.815 1.243 3.572 5.862 1.524 4.338 8.817 2.646 6.171 1 2 3 4 NET CHANGE IN ASSETS 5 HOUSEHOLDS 6 U.S. GOVERNMENT 7 FED. NAT. MT.G. ASSN. 8 COMMERCIAL BANKS 3.618 -901 -1 273 3.124 -518 297 0 87 3.611 -291 209 -I 294 3.467 -196 334 7 301 4.815 -139 655 15 549 5.862 -213 504 290 94 8.817 1.184 375 820 673 4 5 6 7 8 -1 9 10 11 SAVINGS INSTITUTIONS SAVINGS AND LOAN ASSNS. MUTUAL SAVINGS BANKS 1.997 1.058 939 1.010 473 537 1.485 880 605 1.6251.106 519 1.748 1.210 538 2.420 2.065 355 4.790 3.009 1.781 9 10 11 12 13 LIFE INSURANCE COS. S.+L.GQVT. PENS.FUNOS 1.575 676 1.478 770 1.428 487 1.037 359 1.365 622 1.942 825 699 276 12 13 COMMERCIAL MORTGAGES 1 NET BORROWING HOUSEHOLDS 2 CORPORATE BUSINESS 3 NONFARM NONCORP. BUSINESS 4 4.415 1.175 2.916 324 5.681 1.257 3.982 442 4.684 1.194 3.141 349 6.601 1.135 4.919 547 5.499 1.276 3.801 422 5.403 1.360 3.639 404 10.069 1.448 7.759 862 1 2 3 4 5 NET CHANGE IN ASSETS HOUSEHOLDS 6 U.S. GOVERNMENT 7 COMMERCIAL BANKS 8 4.415 -596 -I 1.972 5.681 647 -17 1.989 4.684 185 -6 1.565 6.601 241 0 2.574 5.499 748 -2 1.608 5.403 862 -1 1.171 10.069 223 -5 3.022 5 6 7 8 9 10 11 SAVINGS INSTITUTIONS SAVINGS ANO LOAN ASSNS. MUTUAL SAVINGS BANKS 1.315 862 453 1.004 432 572 1.301 610 691 1.857 1.011 846 1.355 605 750 1.508 957 551 4. 125 3.119 1.006 9 10 11 12 13 LIFE INSURANCE COMPANIES OTHER INSURANCE COMPANIES 1.703 22 2.057 1 1.620 19 1.921 8 1.783 7 1.818 45 2.654 50 12 13 FARM MORTGAGES 1 NET BORROWING BY FARMS NET CHANGE IN ASSETS— HOUSEHOLDS 2 U.S. GOVERNMENT 3 FED. LAND BANKS 4 COMMERCIAL BANKS 5 MUTUAL SAVINGS BANKS 6 LIFE INSURANCE COMPANIES 7 (I) 2.233 2.132 2.134 2.068 1.942 1.775 2.011 I 867 12 563 273 -1 519 854 -45 677 227 2 417 833 -50 651 308 63 329 1.048 -42 517 312 -I 234 1.165 -40 588 261 -2 -30 1.107 -18 473 332 5 -124 860 -16 730 554 -69 -48 2 3 4 5 6 7 Includes mortgage pools backing GNMA pass-through securities: 1970 452 1971 2.702 Money amounts are in millions of dollars. AUGUST, 1972 CONSUMER CREDIT ANO BANK LOANS N.E.C CONSUMER CREOIT ANO BANK LOANS N.E.C 52 CONSUMER CREDIT AND BANK LOANS NOT ELSEWHERE CLASSIFIED 52 ANNUAL FLOWS, ANNUAL FLOWS, 1946-54 1945 1946 1947 1948 1949 1950 1951 1946-54 1952 1953 1954 CONSUMER CREOIT NET CHANGE IN LIABILITIES (HOUSEHOLDS) INSTALMENT CREDIT NONINSTALMENT CREDIT 2.719 3.214 2.849 2.917 4. 107 1.241 4.808 3.8 73 1.071 1 1.710 1.009 2.523 691 2.301 548 2.594 323 3. 113 994 591 650 4.109 699 3.60? 271 563 508 2 3 4 5 6 7 8 9 10 NET CHANGE IN ASSETS INSTALMENT CREDIT NONFARM NONCORP. BUSINESS CORPORATE BUSINESS COMMERCIAL BANKING SAVINGS INSTITUTIONS FINANCE COMPANIES 2.719 1.710 4t> 20 5 822 53 584 3.214 2.523 107 396 1.058 97 865 2.849 2.301 125 311 904 114 847 2.917 2.594 118 339 910 128 1.099 4. 107 3.113 128 437 1.359 179 1.010 1.241 591 19 253 -2 7 59 287 4.808 4.109 154 498 1.753 249 1.455 3.8 73 3.602 121 1.474 341 1.567 1.071 563 -45 121 -202 2 50 4 39 4 5 6 7 8 9 10 11 12 13 14 15 NONINSTALMENT CREDIT NONFARM NONCORP. BUSINESS CORPORATE BUSINESS COMMERCIAL BANKING SAVINGS INSTITUTIONS 1.009 288 355 333 33 691 223 245 195 28 548 239 232 58 19 323 138 103 73 9 994 360 345 242 47 650 278 251 108 13 699 249 263 160 27 271 79 125 55 12 508 137 149 197 25 11 12 13 14 15 1 2 3 99 BANK LOANS NOT ELSEWHERE CLASSIFIED TOTAL BANK LOANS AT COMMERCIAL BANKS, F/F BASIS 1 LESS: LOANS IN OTHER CATEGORIES MORTGAGES 2 CONSUMER CREDIT 3 4 SECURITY CREDIT 5 COMMERCIAL PAPER HYPOTHECATED DEPOSITS 6 7 EQUALS: BANK LOANS N.E.C. 8 PLUS: LOANS BY F.R. BANKS 9 EQUALS: TOTAL BANK LOANS N.E.C 10 11 12 13 14 15 16 17 NET CHANGE IN LIABILITIES HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUSINESS CORPORATE BUSINESS SVGS.+ LOAN ASSNS. FINANCE COMPANIES REST OF THE WORLD 5.347 6.927 3.271 570 10.055 6. 116 6.872 1.941 3.178 1 2.462 1.155 -3.666 181 32 5.183 99 5.282 2.210 1.253 -1.105 89 54 4.426 -96 4.330 1.450 962 258 -12 52 561 139 700 748 983 379 18 45 -1.603 -119 -1.722 2.018 1.601 272 187 61 5.916 -69 5.847 1.069 81 -305 339 91 4.841 2 4.843 1.135 1.913 707 251 -25 2.891 29 2.920 983 1.529 500 -111 68 -1.028 -17 —1.045 1.724 -5 991 -18 35 451 117 568 2 3 4 5 6 7 8 9 5.282 465 255 553 3.485 -28 320 232 4.330 -32 301 357 3.163 -2 283 260 700 273 353 -323 -106 -26 435 94 -1.722 161 103 -242 -1.941 -15 383 -171 5.847 1.058 475 415 3.153 16 946 -216 4. 843 523 596 134 3.768 4 -241 59 2.920 310 173 365 1.388 -6 684 6 -1.G45 170 -581 69 -502 -7 -88 -106 568 444 150 49 -636 13 193 355 10 11 12 13 14 15 16 17 ANNUAL FLOWS, 1955-64 ANNUAL FLOWS, 1955-64 1955 1956 1957 1958 1959 i960 1961 1962 1963 1964 CONSUMER CREDIT NET CHANGE IN LIABILITIES (HOUSEHOLDS) INSTALMENT CREOIT NONINSTALMENT CREDIT 6.366 3.504 2.637 158 6.415 4.597 1.841 5.839 7.918 8.529 1 5.338 1.028 2.814 690 2.148 489 -226 384 5.605 810 3.721 876 923 918 4.829 1.010 6.766 1.152 7.206 1.323 2 3 4 5 6 7 8 9 10 NET CHANGE IN ASSETS INSTALMENT CREDIT NONFARM NONCORP. BUSINESS CORPORATE BUSINESS COMMERCIAL BANKING SAVINGS INSTITUTIONS FINANCE COMPANIES 6.366 5.338 -24 414 1.805 368 2.775 3.504 2.814 44 309 1.176 398 887 2.637 2.148 -52 144 1.066 479 511 158 -226 -101 529 -63 328 -919 6.415 5.605 51 684 2.447 692 1.731 4.597 3.721 -50 229 1.445 710 1.387 1.841 923 -1 126 336 390 72 5.839 4.829 -24 446 I .997 568 1.842 7.918 6.766 39 786 3.018 715 2.208 8.529 7.206 90 1.037 3.071 924 2.084 4 5 6 7 8 9 10 11 12 13 14 15 NONINSTALMENT CREDIT NONFARM NONCORP. BUSINESS CORPORATE BUSINESS COMMERCIAL BANKING SAVINGS INSTITUTIONS 1.028 189 240 539 60 690 238 198 208 46 489 226 153 94 16 384 81 38 219 46 810 169 137 426 78 876 308 194 302 72 918 197 90 529 102 1.010 421 270 277 42 1.152 276 237 515 124 1.323 301 251 745 26 11 12 13 14 15 I 2 3 BANK LOANS NOT ELSEWHERE CLASSIFIED TOTAL BANK LOANS AT COMMERCIAL 1 BANKS, F/F BASIS 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 LESS: LOANS IN OTHER CATEGORIES MORTGAGES CONSUMER CREDIT SECURITY CREOIT COMMERCIAL PAPER HYPOTHECATED DEPOSITS EQUALS: BANK LOANS N.E.C. PLUS: LOANS BY F.R. BANKS EQUALS: TOTAL BANK LOANS N.E.C NET CHANGE IN LIABILITIES HOUSEHOLDS FARM BUSINESS NQNFARM NONCORP. BUSINESS CORPORATE BUSINESS SVGS.+ LOAN ASSNS. FINANCE COMPANIES REST OF THE WORLO MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS 13.340 8.491 4.273 4.220 13.611 6.592 7.514 13.023 17.553 19.451 1 2.430 2.344 683 -269 18 8.134 -132 8.002 1.715 1.384 -656 51 68 5.929 24 5.953 618 1.160 40 277 43 2.135 -21 2. 114 2.186 156 481 543 25 829 13 842 2.483 2.873 239 513 47 7.456 -13 7.443 661 1.747 325 114 74 3.671 3 3.6 74 1.635 865 1.123 392 26 3.473 7 3.480 4.035 2.274 920 238 15 5.541 -14 5.527 4.938 3.533 979 20 54 8.029 31 8.060 4.562 3.816 448 593 119 9.913 -2 9.911 2 3 4 5 6 7 8 9 8.002 251 572 612 3.842 52 2.309 354 5.953 374 -59 623 5.161 -25 -476 355 2. 114 187 384 114 1.074 -6 8 353 842 714 413 171 -275 31 -738 526 7.443 1.001 694 422 3.967 106 930 323 3.674 567 196 299 1.976 -35 550 121 3.480 903 243 327 811 -22 588 630 5.527 499 782 343 2.739 -42 1.043 163 8.060 423 601 687 3.629 90 1.603 1.027 9.911 1.446 271 473 4.746 41 495 2.439 10 11 12 13 14 15 16 17 AUGUST, 1972 CONSUMER CREOIT ANO BANK LOANS N.E.C 53 CONSUMER CREOIT ANO BANK LOANS M.E.C CONSUMER CREOIT AND BANK LOANS NUT ELSEWHERE CLASSIFIED 53 ANNUAL FLOWS, 1965-71 ANNUAL FLOWS, 1965-71 1965 1966 1967 V969 1968 1970 1971 1972 1973 1974 CONSUMER CREDIT 1 NET CHANGE IN LIABILITIES (HOUSEHOLDS! INSTALMENT CREOIT NONINSTALMENT CREOIT 10.046 7.229 4.589 11.059 9.278 4.333 10.435 1 8.632 1.414 6.215 1.014 3.387 1.202 8.964 2.095 8.279 999 2.992 1.341 8.384 2.051 2 3 4 5 6 7 8 9 10 NET CHANGE IN ASSETS INSTALMENT CREDIT NONFARM NONCORP. BUSINESS CORPORATE BUSINESS COMMERCIAL BANKING SAVINGS INSTITUTIONS FINANCE COMPANIES'^ 10.046 8.632 86 911 3.868 1.126 2.641 7.229 6.215 110 914 2.357 1.025 1.809 4.589 3.387 64 557 1.381 742 643 11.059 8.964 101 896 4.252 1.351 2.364 9.278 8.279 77 677 3.420 1.536 2.569 4.333 2.992 93 817 1.590 1.103 -611 10.435 8.384 139 1.223 4.081 1.924 1.017 4 5 6 7 8 9 10 11 1* 13 14 15 NONINSTALMENT CREDIT NONFARM NONCORP. BUSINESS CORPORATE BUSINESS COMMERCIAL BANKING SAVINGS INSTITUTIONS 1.414 350 271 740 53 1.014 397 319 256 42 1.202 387 362 394 59 2.095 633 756 635 71 999 467 578 -75 29 1.341 358 599 305 79 2.051 448 791 711 101 11 12 13 14 15 2 3 BANK LOANS NOT ELSEWHERE CLASSIFIED TOTAL BANK LOANS AT COMMERCIAL BANKS, F/F BASIS 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 LESS: LOANS IN OTHER CATEGORIES MORTGAGES . CONSUMER CREOIT SECURITY CREOIT COMMERCIAL. PAPER HYPOTHECATED OEPOSITS EQUALS: BANK LOANS N.E.C. PLUS: LOANS BY F.R. BANKS EQUALS: TOTAL BANK LOANS N.E.C NET CHANGE IN .LIABILITIES HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUSINESS CORPORATE BUSINESS SVGS.* LOAN ASSNS. FINANCE COMPANIES REST OF THE WORLO 26.155 18.705 18.098 27.910 27.090 12.139 30.646 1 5.699 4.608 -159 -638 122 16.523 11 16.534 4.705 2.613 597 1.564 72 9.154 -41 9.113 4.639 1.775 1.523 2.447 0 7.714 0 7.714 6.677 4.887 1.278 -1.082 0 16.150 0 16.150 5.404 3.345 -1.130 481 0 18.990 0 18.990 2.462 1.895 1.441 1.982 0 4.359 0 4.359 9.940 4.792 775 786 0 14.353 0 14.353 2 3 4 5 6 7 8 9 16.534 1.439 708 941 10.699 174 2.244 329 9.113 373 933 1.323 8.162 73 -1.363 -388 7.714 2.147 700 519 6.769 -140 -2.003 -278 16.150 3.070 400 1.285 9.296 ' 67 2.258 -226 18.990 2.798 628 1.951 12.066 68 2.074 -595 4.359 1.531 827 386 2.255 -104 -497 -39 14.353 3.877 1.342 1.756 3.331 688 709 2.650 10 11 12 13 14 15 16 17 MONEY AMOUNTS ARE IN MILLIONS OF OOLLARS. AUGUST, 1972 OTHER LOANS OTHE« LOANS 54 OPEN-MARKfcT PAPER ANO OTHER LOANS 54 ANNUAL FLOWS, 1946-54 ANNUAL FLOWS, 1946-54 1945 1946 1947 1948 1949 1951 1950 1952 1953 1954 OTHER LOANS — SECTOR TOTALS 1 2 3 4 5 6 7 8 9 10 11 NET INCREASE IN LIABILITIES HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUSINESS CORPORATE BUSINESS STATE AND LOCAL GOVERNMENTS SPONSORED CR.AGENCIES BANK AFFILIATES SAVINGS INSTITUTIONS FINANCE N.E.C. REST OF THE WORLD 3.509 -38 -29 227 -142 -21 0 0 96 143 3.273 4. 735 96 0 277 -59 19 0 0 131 122 4.149 2.035 184 81 312 22 70 0 0 77 179 1.110 913 244 -2 203 2 -85 0 0 -82 168 46 5 1.569 251 91 434 129 67 0 0 383 38 176 1.993 285 111 361 313 261 0 0 101 350 211 801 98 32 188 -544 322 0 0 -47 354 398 765 290 -20 131 154 -364 0 0 88 217 269 -205 260 113 08 51 -335 0 0 -85 -150 -127 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 NET INCREASE IN ASSETS HOUSEHOLDS CORPORATE BUSINESS U.S. GOVERNMENT SPONSORED CREDIT AGENCIES MONETARY AUTHORITY COMMERCIAL BANKING MUTUAL SVGS. BANKS INSURANCE FINANCE N.E.C. REST OF THE WORLD 3.509 43 18 3.177 150 0 213 13 -68 -53 16 4.735 38 58 4.381 298 0 143 5 43 -237 6 2.035 -99 233 1.330 244 0 40 8 120 110 49 913 -9 137 819 -62 0 63 -6 183 -243 31 1.569 -16 -24 *18 490 0 248 6 173 216 58 1.993 52 26 679 304 0 430 0 177 234 91 801 -24 175 1.002 -25 0 226 11 109 -689 16 765 88 236 181 -122 0 -43 9 195 129 92 -205 -30 85 -384 -45 0 17 16 233 -280 183 12 13 14 15 16 17 18 19 20 21 22 OPEN-MARKET PAPER 1 OPEN MARKET PAPER-TOTAL NET ISSUES, BY TYPE ANO SECTOR— 258 191 171 177 205 508 418 305 260 1 116 116 0 98 98 0 183 183 0 171 171 0 8 8 0 308 308 0 313 313 0 212 212 0 -209 -209 0 2 3 4 2 3 4 DIRECTLY-PLACED PAPER FINANCE COMPANIES BANK AFFILIATES 5 6 7 8 DEALER-PLACED PAPER NONFIN. CORPORATIONS FINANCE COMPANIES BANK AFFILIATES 69 42 27 0 59 35 24 0 -10 -6 -4 0 -7 -4 -3 0 75 45 30 0 104 62 42 0 103 62 41 0 12 7 5 0 169 110 59 0 5 6 7 8 BANKERS' ACCEPTANCES REST OF THE WORLD NONFIN. BUSINESS NONCORPORATE CORPORATE 73 16 57 29 28 34 38 -4 -2 -2 -2 -2 0 0 0 13 -14 27 14 13 122 57 65 33 32 96 58 38 19 19 2 -20 22 11 11 81 40 41 21 20 300 74 226 113 113 9 10 11 12 13 258 43 18 0 181 0 0 16 191 38 58 0 89 0 0 6 171 -99 233 0 -12 0 0 49 177 -9 137 0 18 0 0 31 205 -16 . -24 0 187 0 0 58 508 52 26 0 339 0 0 91 418 -24 175 0 251 0 0 16 305 88 236 0 -111 0 0 92 260 -30 85 0 -18 40 0 183 14 15 16 17 18 19 20 21 9 10 ll 12 13 14 15 16 17 18 19 20 21 NET PURCHASES, BY SECTOR HOUSEHOLDS NONFIN. CORPORATIONS FEOERAL RESERVE COMMERCIAL BANKS LTFE INSURANCE COS. INVESTMENT COMPANIES REST OF THE WORLD OTHER TYPES -53 5 -58 -237 -113 -124 110 68 42 -243 -109 -134 216 142 74 234 20 214 -689 -51 -638 129 -1 130 -280 -255 -25 1 2 3 3.179 4.382 1.318 803 401 662 988 162 -406 4 0 -73 170 -154 -21 0 3.257 0 -108 328 32 19 0 4.111 0 -40 190 -14 70 0 1.112 0 -15 297 127 -85 0 479 0 16 221 -22 67 0 119 0 -45 275 18 261 0 153 0 14 213 21 322 0 418 8 232 60 -3 -364 0 229 10 63 204 -147 -335 0 -201 5 6 7 8 9 10 11 SPONSORED CREDIT AGENCY LOANS NONFARM NONCORP. BUS.(BC) FARM BUSINESS (FICB) SVGS. ♦ LOAN ASSNS. (FHLBI 150 10 44 96 298 59 108 131 244 46 121 77 -62 7 13 -82 490 32 75 383 304 47 156 101 -25 4 18 -47 -122 42 -252 88 -45 -10 50 -85 12 13 14 15 POLICY LOANS (HSHOLD LIAB.) ASSETS - U.S. GOVT. LIFE INSUR. COS. -70 -2 -68 42 -1 43 132 12 120 199 16 183 190 17 173 194 17 177 123 14 109 214 19 195 215 22 193 16 17 18 1 2 3 FINANCE CO. LOANS TO BUSINESS LIABILITY-NONCORP. BUS. CORP. BUS. 4 5 6 7 8 9 10 11 U.S. GOVT. LOANS LIABILITIES OF: HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUS. CORPORATE BUSINESS STATE + LOCAL GOVTS. SPONSORED CR.AGENCIES REST OF THE WORLO 12 13 14 15 16 17 18 19 MUTUAL SVGS. BANKS LOANS TO NONCORP. BUSINESS 13 5 8 -6 6 0 11 9 16 19 20 HYPOTHECATED DEPOSITS (HSHOLDS LIAB.) ASSET-COMMERCIAL BANKS 32 54 52 45 61 91 —25 68 35 20 MONEY AMOUNTS ARE IN MILLIONS OF OOLLARS. AUGUST, 1972 OTHER LOANS OTHER, LOANS OPEN-MARKET PAPER ANO OTHER LOANS 55 ANNUAL FLOWS, 1955-64 ANNUAL FLOWS, 1955-64 1955 1958 1957 1956 1959 i960 1961 1962 1963 1964 OTHER LOANS — SECTOR TOTALS 1 2 3 4 5 6 7 8 9 10 11 NET INCREASE IN LIABILITIES HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUSINESS CORPORATE BUSINESS STATE ANO LOCAL GOVERNMENTS SPONSORED CR.AGENCIES BANK AFFILIATES SAVINGS INSTITUTIONS FINANCE N.E.C. REST OF THE WORLD 1.739 292 94 489 -16 12 66 0 550 246 6 1.293 337 104 289 59 68 295 0 -189 132 198 2.652 523 111 595 520 151 -280 0 37 450 545 1.349 486 239 182 -170 180 -21 0 33 -136 556 3.131 663 246 777 -296 185 79 0 836 698 -57 5.261 893 98 550 1.871 205 -102 0 -153 841 1.058 3.618 751 271 23 646 226 67 0 681 -136 1.089 4.910 781 240 717 -35 504 -15 0 817 1.210 691 6.258 717 320 988 182 233 -89 0 1.305 977 1.625 7.884 866 212 1.495 907 261 131 0 541 1.457 2.014 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 NET INCREASE IN ASSETS HOUSEHOLDS CORPORATE BUSINESS U.S. GOVERNMENT SPONSORED CREOIT AGENCIES MONETARY AUTHORITY COMMERCIAL BANKING MUTUAL SVGS. BANKS INSURANCE FINANCE N.E.C. REST OF THE WORLD 1.739 47 86 503 587 28 -251 14 267 603 -145 1.293 -9 155 667 -49 41 119 5 200 -68 232 2.652 8 100 336 219 -3 320 1 496 892 283 1.349 147 -399 1.092 313 -17 568 47 187 -478 -111 3.131 -54 -147 514 1.182 26 560 52 459 625 -86 5.261 -224 1.537 806 -15 -1 188 48 792 1.596 534 3.618 813 -210 1.228 878 -23 418 28 400 17 69 4.910 -165 714 1.921 1.045 59 253 100 655 301 27 6.258 1 851 1.923 1.669 52 74 -59 460 1.237 50 7.884 -21 1.660 2.891 807 -68 712 59 356 1.305 183 12 13 14 15 16 17 18 19 20 21 22 OPEN-MARKET PAPER i OPEN MARKET PAPER-TOTAL NET ISSUES, BY TYPE AND SECTOR— -129 473 829 -46 309 2.171 845 1.281 987 2.109 1 32 5 325 0 152 152 0 444 444 0 -222 -222 0 614 614 0 614 614 0 -164 -164 0 937 937 0 907 907 0 1.319 1.319 0 2 3 4 -262 -346 84 0 681 454 227 0 353 325 28 0 377 104 273 0 -160 -230 70 0 295 157 138 0 5 6 7 8 2 3 4 DIRECTLY-PLACED PAPER FINANCE COMPANIES BANK AFFILIATES 5 6 7 8 OEALER-PLACED PAPER NONFIN. CORPORATIONS FINANCE COMPANIES BANK AFFILIATES -223 -144 -79 0 -4 16 -20 0 45 39 6 0 BANKERS* ACCEPTANCES REST OF THE WORLO NONFIN. BUSINESS NONCORPORATE CORPORATE -231 39 -270 -135 -135 325 167 158 79 79 340 211 129 65 64 -113 -76 -37 -19 -18 -43 -54 11 6 5 876 635 241 121 120 656 595 61 31 30 -33 -36 3 2 1 240 473 -233 -117 -116 495 407 88 44 44 9 10 11 12 13 -129 47 86 28 -269 60 64 -145 473 -9 155 41 51 -11 14 232 829 8 100 -3 277 129 35. 283 -46 147 -399 -17 543 -127 -82 -111 309 -54 -147 26 513 25 32 -86 2.171 -224 1.537 -1 114 179 32 534 845 813 -210 -23 392 -102 -94 69 1.281 -165 714 59 238 155 253 27 987 1 851 52 20 39 -26 50 2.109 -21 1.660 -68 593 -128 -110 183 14 15 16 17 18 19 20 21 9 10 11 12 13 14 15 16 17 18 19 20 21 NET PURCHASES, BY SECTOR HOUSEHOLDS NONFIN. CORPORATIONS FEOERAL RESERVE COMMERCIAL BANKS LIFE INSURANCE COS. INVESTMENT COMPANIES REST OF THE WORLO 289 203 86 0. OTHER TYPES ----------- - - --------------—— 1 2 3 FINANCE CO. LOANS TO BUSINESS LIABILITY-NONCORP. BUS. CORP. BUS. 539 254 285 -82 -48 -34 857 499 358 -396 -30 -366 593 575 18 1.564 344 1.220 111 -114 225 48 401 -353 1.263 783 480 1.415 908 507 1 2 3 4 U.S. GOVT. LOANS LIABILITIES OF: HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUS. CORPORATE BUSINESS STATE ♦ LOCAL GOVTS. SPONSORED CR.AGENCIES REST OF THE WORLD 473 642 301 1.052 474 766 1.171 1.878 1.884 2.852 4 5 6 7 8 9 10 11 37 66 347 -22 12 66 -33 33 50 167 -2 68 295 31 78 -74 33 59 151 -280 334 107 15 128 11 180 -21 632 142 12 32 27 185 79 —3 166 -13 10 77 205 -102 423 166 122 30 66 226 67 494 223 50 176 213 504 -15 727 203 61 276 48 233 -89 1.152 224 64 366 199 261 131 1.607 5 6 7 8 9 10 11 12 13 14 15 SPONSORED CREOIT AGENCY LOANS NONFARM NONCORP. BUS.(BCI FARM BUSINESS (FICBI SVGS. * LOAN ASSNS. (FHLBI 587 9 28 550 -49 86 54 -189 219 -3 185 37 313 56 224 33 1.182 112 234 836 -15 27 ill -153 878 48 149 681 1 .045 38 190 817 1.669 105 259 1.305 807 118 148 541 12 13 14 15 16 17 18 POLICY LOANS (HSHOLD LIAB.I ASSETS - U.S. GOVT. LIFE INSUR. COS. 237 30 207 236 25 211 402 35 367 354 40 314 474 40 434 653 40 613 559 57 502 543 43 500 460 39 421 523 39 484 16 17 18 19 MUTUAL SVGS. BANKS LOANS TO NONCORP. BUSINESS 14 5 1 47 52 48 28 100 -59 59 19 20 HYPOTHECATED OEPOSITS (HSHOLOS LIAB.I ASSET-COMMERCIAL BANKS 18 68 43 25 47 74 26 15 54 119 20 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS, AUGUST. 1972 OTHER LOANS OTHER LOANS 56 56 OPEN-MARKET PAPER AND OTHER LOANS ANNUAL FLOWS, ANNUAL FLOWS. 1965-71 1965 1966 1967 1968 1969 1971 1970 1972 1973 1965-71 1974 OTHER LOANS — :SECTOR TOTALS 1 2 3 4 5 6 7 8 9 10 11 NET INCREASE IN LIABILITIES HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUSINESS CORPORATE BUSINESS STATE ANO LOCAL GOVERNMENTS SPONSORED CR.AGENCIES BANK AFFILIATES SAVINGS INSTITUTIONS FINANCE N.E.C. REST OF THE WORLO 7.231 93 8 349 1.637 638 313 205 0 672 1.025 1.454 11.572 2.044 395 1.828 1.358 627 -233 0 938 3.396 1.219 6.554 1.320 646 732 1.424 175 -67 0 -2.549 1.844 3.029 12.466 1.715 190 1.066 3.559 310 247 0 873 2.452 2.054 28.146 2.985 606 1.749 6.988 746 -283 4.209 4.030 4.692 2.424 11.030 2.601 647 1.150 5.201 77 0 -1.860 1.326 -242 2.130 3.255 1.339 742 769 1.224 365 0 -376 -2.679 -210 2.081 1 2 3 4 5 6 7 8 9 10 ll 12 13 14 15 16 17 18 19 20 21 22 NET INCREASE IN ASSETS HOUSEHOLDS CORPORATE BUSINESS U.S. GOVERNMENT SPONSORED CREDIT AGENCIES MONETARY AUTHORITY COMMERCIAL BANKING MUTUAL SVGS. BANKS INSURANCE FINANCE N.E.C. REST OF THE WORLD 7.231 28 470 2.858 1.038 93 -516 -2 591 2.309 362 11.572 2.226 -22 5 2.762 1.580 6 1.636 111 1.523 1.723 230 6.554 -2.314 3.778 3.758 -1.845 -29 2.447 88 1.034 -398 35 12.466 1.973 2.461 3.678 1.187 -106 -1.082 47 1.216 2.513 579 28.146 5.944 2.709 3.469 4.806 6 481 279 3.427 6.031 994 11.030 -1.807 593 2.581 2.323 -7 1.982 160 3.016 1.702 48 7 3.255 -3.867 1.805 3.151 -2.001 204 786 280 1.628 1.428 -159 12 13 14 15 16 17 18 19 20 21 22 OPEN-MARKET PAPER 1 OPEN MARKET PAPER-TOTAL NET ISSUES. BY TYPE AND SECTOR— 2 3 4 DIRECTLY-PLACED PAPER FINANCE COMPANIES BANK AFFILIATES 5 6 7 8 OEALER-PLACEO PAPER NONFIN. CORPORATIONS FINANCE COMPANIES BANK AFFILIATES 9 10 11 12 13 14 15 16 17 18 19 20 21 BANKERS’ ACCEPTANCES REST OF THE WORLD NONFIN. BUSINESS NONCORPORATE CORPORATE NET PURCHASES, BY SECTOR HOUSEHOLDS NONFIN. CORPORATIONS FEOERAL RESERVE COMMERCIAL BANKS LIFE INSURANCE COS. INVESTMENT COMPANIES REST OF THE WORLD 704 4.432 3.970 4.073 12.235 1.663 -1.000 1 1.017 1.017 0 3.035 3.035 0 1.444 1.444 0 1.662 1.662 0 6.596 3.603 2.993 -798 255 -1.053 -578 -116 -462 2 3 4 -320 -328 8 0 1.186 825 361 0 1.812 1.412 400 0 2.300 1.510 790 0 4.616 2.311 1.089 1.216 854 2. 158 -497 -80 7 -1.253 -1.245 -94 86 5 6 7 8 7 -67 74 37 37 211 -51 262 131 131 714 473 241 121 120 111 -159 270 135 135 1.023 315 708 354 354 1.607 799 808 404 404 831 302 529 265 264 9 10 11 12 13 704 28 470 93 -638 52 337 362 4.432 2.226 -225 6 1.564 83 548 230 3.970 -2.314 3.778 -29 2.447 93 -40 35 4.073 1.973 2.461 -106 -1.082 -29 277 579 12.235 5.944 2.709 6 481 90 7 1.194 994 1.663 -1.807 593 -7 1.982 777 -362 48 7 -1.000 -3.867 1.805 204 786 665 -434 -159 14 15 16 17 18 19 20 21 OTHER TYPES ------- — ——- ------- —--------------- — ------- - ----------- •------- ------------------- -- --------------------------------------------- —- ----------------------- — 1 2 3 FINANCE CO. LOANS TO BUSINESS LIABILITY-NONCORP. BUS. CORP. BUS. 1.972 1.337 635 1.175 1.139 36 -358 -59 -299 2.236 486 1.750 4.837 631 4.206 2.064 -282 2.346 1.862 -117 1.979 1 2 3 4 U.S. GOVT. LOANS LIABILITIES OF: HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUS. CORPORATE BUSINESS STATE ♦ LOCAL GOVTS. SPONSORED CR.AGENCIES REST OF THE WORLD 2.816 2.712 3.708 3.635 3.384 2.512 3.135 4 5 6 7 8 9 10 11 235 80 168 294 313 205 1.521 482 -12 212 366 627 -233 1.270 329 158 366 191 175 -6 7 2.556 427 -53 327 164 310 247 2.213 380 -15 330 117 746 -283 2. 109 293 -52 570 293 77 0 1.331 360 47 358 226 365 0 1.779 5 6 7 8 9 10 11 12 13 14 15 SPONSORED CREDIT AGENCY LOANS NONFARM NONCORP. BUS.<80 FARM BUSINESS (FICB) SVGS. + LOAN ASSNS. (FHLBI 1.038 97 269 672 1.580 235 407 938 -1.845 216 488 -2.549 1.187 71 243 873 4.806 155 621 4.030 2.323 298 699 1.326 -2.001 -17 695 -2.679 12 13 14 15 16 17 18 POLICY LOANS (HSHOLD LIAB.J ASSETS - U.S. GOVT. LIFE INSUR. COS. 581 42 539 1.490 50 1.440 991 50 941 1.288 43 1.245 2.605 85 2.520 2.308 69 2.239 979 16 963 16 17 18 -2 111 88 47 279 160 280 19 122 72 0 0 0 0 0 20 19 MUTUAL SVGS. BANKS LOANS TO NONCORP. BUSINESS HYPOTHECATED OEPOSITS (HSHOLDS LIAB. I ASSET-COMMERCIAL BANKS 20 MONEY AMOUNTS ARE IN MILLIONS OF OOLLARS AUGUST, 1972 SECURITY CREDIT, TRADE CREOIT, AND TAXES 57 SECURITY CREDIT, TRAOE CREDIT, ANO TAXES SECURITY CREDIT, TRAOE CREDIT , ANO TAXES PAYABLE 57 ANNUAL FLOWS, 1946-54 ANNUAL FLOWS, 1946-54 1945 1946 1947 1949 1948 1950 1951 1952 1953 1954 SECURITY CREOIT 1 2 3 4 5 6 7 8 9 10 11 12 13 NET CHANGE IN LIABILITIES CUSTOMERS SECURITY LOANS FROM BANKS CUSTOMER DEBIT BALANCES BROKERS + DEALERS FROM COMMERCIAL BANKS FROM FOREIGN BANKING AG. CUSTOMER CREDIT BALANCES NET CHANGE IN ASSETS HOUSEHOLDS FOREIGN COMMERCIAL BANKING BROKERS AND DEALERS -4.280 -2.670 -2.012 -658 -1.153 -369 -411 42 199 -287 -256 -31 794 274 -90 364 1.078 706 183 523 -457 -126 -55 -71 607 180 99 81 852 463 99 364 2.134 1.129 323 806 1 2 3 4 -1.610 -1.654 0 44 -784 -694 0 -90 486 514 0 -28 520 419 50 51 372 39 50 283 -331 -300 50 -81 427 558 50 -181 389 301 100 -12 1.005 568 100 337 5 6 7 8 -4.280 39 5 -3.666 -658 -1.153 -73 -17 -1.105 42 199 -6 -22 258 -31 794 48 3 379 364 1.078 269 14 272 523 -457 -78 -3 -305 -71 607 -179 -2 707 81 852 -6 -6 500 364 2.134 312 25 991 806 9 10 11 12 13 TRADE CREDIT 1 2 3 4 NET CHANGE IN LIABILITIES HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUSINESS (PAYABLES LESS RECEIVABLESI 4.154 65 57 182 3.484 87 230 309 3.676 82 339 688 125 41 194 36 9.894 100 283 -115 3.966 0 436 43 240 238 145 -607 -248 62 -217 297 4.205 88 101 1.657 1 2 3 4 5 6 7 CORPORATE BUSINESS STATE ANO LOCAL GOVERNMENTS U.S. GOVERNMENT Foreign 5.756 146 -2.013 -39 3.291 151 -666 82 2.381 149 0 37 -237 100 0 -9 8.447 100 1.100 -21 1.845 0 1.600 42 262 100 75 27 -296 100 -175 -19 2.374 150 -234 69 5 6 7 8 2.329 2.289 0 74 -34 -803 -830 0 71 -44 10.723 10.275 400 17 31 4.535 3.501 900 110 24 4.067 2.977 951 98 41 -862 -833 -37 58 -50 3.711 3.460 231 58 -38 9 10 11 12 13 928 -829 -569 -3.827 614 494 14 8 11 12 13 NET CHANGE IN ASSETS CORPORATE BUSINESS U.S. GOVERNMENT INSURANCE FOREIGN 2.038 2.725 -800 117 -4 5.126 5.132 -100 100 -6 14 DISCREPANCY (1-91 2.116 -1.642 9 I}0 1.347. PROFIT TAXES PAYABLE TOTAL TAXES PAYABLE NONFINANCIAL CORPORATIONS FEDERAL RESERVE COMMERCIAL BANKS SVG. ♦ LOAN ASSNS. LIFE INSURANCE COMPANIES OTHER INSURANCE COMPANIES FINANCE COMPANIES BROKERS ♦ OEALERS -2.007 -2.021 0 16 0 -4 -10 9 3 2.348 2.457 0 -110 0 -20 10 18 -7 1.001 854 0 48 0 0 73 27 -I -2.167 -2.380 0 44 0 45 100 21 3 7.674 7.514 0 117 0 29 -55 65 4 4.900 4.670 0 162 0 57 -34 47 -2 -2.915 -3.253 -I 178 11 16 90 34 10 1.082 599 14 174 2 82 137 73 1 -3.583 -3.283 -31 -26 -3 -48 -109 -84 1 1 2 3 4 5 6 T 8 9 10 11 12 TOTAL TAXES RECEIVABLE U. S. GOVERNMENT STATE * LOCAL GOVTS. -1.394 -1.389 —5 2.503 2.348 155 964 909 55 -2.125 *2.059 -66 7.421 7.246 175 4.989 4.862 127 -3.687 -3.637 -50 524 532 -8 -3.006 -2.923 -83 10 11 12 13 UNALLOCATED -613 -155 37 -42 253 -89 772 558 -577 13 1 2 3 4 $ 6 7 8 9 PROPRIETORS* EQUITY IN NONCORPORATE BUSINESS 1 TOTAL HOUSEHOLD INVESTMENT 3.417 2.461 4.843 46 7 3.204 2.506 315 412 -1.424 1 2 3 NONFARM NONCORPORATE BUSINESS FARM BUSINESS 1.087 2.330 2.068 393 1.867 2.976 247 220 1.953 1.251 1.304 1.202 -667 982 -332 744 -1.670 246 2 3 HONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST, 1972 SECURITY CREOIT, TRAOE CREDIT, ANO TAXES SECURITY CREOIT, TRAOE CREOIT, ANO TAXES SECURITY CREOIT, TRAOE CREOIT, AND TAXES PAYABLE 58 ANNUAL FLOWS, 1955-64 ANNUAL FLOWS, 1955-64 1155 1956 1957 1958 1959 I960 1961 1962 1963 1964 SECURITY CREDIT 1 2 3 4 5 6 7 8 9 10 11 12 13 9B1 6B5 249 436 -637 -49 -B3 34 -279 -408 -71 -337 1.735 1.174 209 965 63 24 21 3 354 -141 -17 -124 2.289 1.375 301 1.074 758 -162 -3 -159 2.503 1.980 449 1.531 -83 -222 263 -485 1 2 3 4 296 334 100 -138 -588 -673 100 -15 129 11 100 18 561 231 41 289 39 186 32 -179 495 266 76 153 914 812 10 92 920 1.073 -150 -3 523 151 379 -7 139 222 -37 -46 5 6 7 8 981 -121 -17 683 436 -637 -17 2 -656 34 -279 12 6 40 -337 1.735 262 27 481 965 63 -167 -12 239 3 354 148 5 325 -124 2.289 55 37 1.123 1.074 758 34 -37 920 -159 2.503 -4 -3 979 1.531 -83 -53 7 448 -485 9 10 11 12 13 10.441 83 181 1.318 4.703 143 66 -343 -1.189 123 235 545 7.991 154 440 -617 5.963 297 423 132 4.741 13 159 420 6.566 148 266 402 5.350 154 573 -III 7.662 165 617 -291 7.897 268 339 -458 1 2 3 4 8.738 150 -83 54 4.270 100 325 142 -2.541 200 161 88 7.773 200 63 -22 4.857 100 71 83 3.064 79 242 x 764 5.234 212 235 69 3.812 132 281 509 7.403 245 -99 -378 6.913 273 -203 765 5 6 7 8 9.599 9.633 -171 92 45 5.920 5.602 76 135 107 1.509 1.353 -89 160 85 5.531 5.987 -538 148 -66 6.369 6.023 -I 183 164 4.142 4.007 68 152 -85 7.904 7.670 -14 59 189 4.926 4.576 229 208 -87 6.823 6.240 485 131 -33 8.651 8.190 244 152 65 9 10 11 12 13 842 -1.217 -2.698 2.460 -406 599 -1.338 424 839 -754 14 190 1.383 -18 -891 -I -34 -14 -10 15 1.200 646 -1 495 I B4 1.477 1.867 9 -411 -15 -12 to 1.248 131 138 211 8 103 -58 -88 1 1 2 3 4 5 6 7 8 9 NET CHANGE IN LIABILITIES CUSTOMERS SECURITY LOANS FROM BAHRS CUSTOMER OEBIT BALANCES BROKERS ♦ DEALERS FROM COMMERCIAL BANKS FROM FOREIGN BANKING AG. CUSTOMER CREDIT BALANCES NET CHANGE IN ASSETS HOUSEHOLDS FOREIGN COMMERCIAL BANKING BROKERS ANO OEALERS TRAOE CREOIT 1 2 3 4 NET CHANGE IN LIABILITIES HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUSINESS (PAYABLES LESS RECEIVABLESI 5 6 7 8 CORPORATE BUSINESS STATE ANO LOCAL GOVERNMENTS U.S. GOVERNMENT FOREIGN 9 10 11 12 13 NET CHANGE IN ASSETS CORPORATE BUSINESS U.S. GOVERNMENT INSURANCE FOREIGN 14 DISCREPANCY <1—91 PROFIT TAXES PAYABLE -2.005 -2.111 -57 81 0 2 81 10 7 -2.545 - 2.591 -15 -23 -2 84 65 -69 8 2.411 2.419 101 -460 1 86 19 4 -1.756 -1.983 35 306 -I 40 -147 2 -8 66 IT -1.499 -2.202 -274 999 0 -16 -6 2 -2 TOTAL TAXES RECEIVABLE U. S. GOVERNMENT STATE ♦ LOCAL GOVTS. 2.475 2.285 190 -2.145 -2.136 —9 -2.149 -2.260 -89 -2.443 -2.183 -60 2.556 2.431 125 -1.431 -1.435 4 767 722 45 910 817 93 2.029 1.847 182 1.119 1.098 221 10 11 12 UNALLOCATED 1.265 389 344 -102 -125 -68 -377 270 -552 -71 13 TOTAL TAXES PAYABLE NONFINANCIAL CORPORATIONS FEOERAL RESERVE COMMERCIAL BANKS SVG. ♦ LOAN ASSNS. LIFE INSURANCE COMPANIES OTHER INSURANCE COMPANIES FINANCE COMPANIES BROKERS 6 OEALERS 1.740 4.097 IT -I TA 1 19 -BI 10 11 12 13 1 2 3 4 5 6 7 8 9 -21 8 •2 01 —6 -22 PROPRIETORS’ EQUITY IN NONCORPORATE BUSINESS 1 TOTAL HOUSEHOLO INVESTMENT -1.798 -674 -1.080 531 -4.647 -3.255 -2.864 -2.066 *2.114 -3.150 1 2 3 NONFARM NONCORPORATE BUSINESS FARM BUSINESS -1.031 -767 679 -1.353 -315 -765 741 -210 -1.852 -2.795 -1.629 -1.626 -1.324 -1.540 0 -2.066 -318 -1.816 -737 -2.413 2 3 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS* AUGUST* 1972 SECURITY CREDIT* TRAOE CREDIT, AND TAXES 59 SECURITY CREOIT, TRAOE CREDIT, ANO TAXES SECURITY CREDIT, TRADE CREDIT, AND TAXES PAYABLE 59 ANNUAL FLOWS, 1965-71 ANNUAL FLOWS, 1965-71 1965 1966 1967 1969 1968 1970 1971 1972 1973 1974 SECURITY CREOIT 1 2 3 4 5 6 7 8 9 10 11 12 15 NET CHANGE IN LIABILITIES CUSTOMERS SECURITY LOANS FROM BANKS CUSTOMER DEBIT BALANCES 876 875 388 487 394 -199 -28 -171 5.579 3.457 640 2.817 4.353 2.313 287 2.026 -4.716 -2.682 -103 -2.579 -529 -1.893 -491 -1.402 2.702 2.119 123 1.996 1 2 3 4 1 -284 -263 548 593 563 62 -32 2. 122 883 0 1.239 2.040 991 0 1.049 -2.033 -1.027 0 -1.006 1.364 1.932 0 -568 583 652 0 -6 9 5 6 7 8 876 506 42 -159 48 7 394 -49 17 597 -171 5.579 1.103 136 1.523 2.817 4.353 724 325 1.278 2.026 -4.715 -804 -202 -1.130 -2.579 -529 -483 -8 5 1.441 -1.402 2.702 -31 -38 775 1.996 9 10 11 12 13 13.192 229 ' 693 -695 11.869 279 866 -1.301 11. 101 40 7 816 708 12.006 489 387 -266 16.535 489 690 -745 7.045 552 1.066 625 4.040 566 1.415 -763 1 2 3 4 12.142 372 507 -56 10.532 491 669 333 7.468 618 569 515 10.388 610 -1 399 15.169 439 -328 821 2.844 448 -582 2.092 3.417 450 -675 -370 5 6 7 8 13.722 13.033 388 165 136 13.271 11.314 1.249 249 459 9.808 7.695 1.468 278 367 15.738 13.942 575 300 921 19.439 17.322 919 422 776 7.174 6.185 -777 472 1.294 2.845 4.003 -1.704 530 16 9 10 11 12 13 -530 -1.402 1.293 -3.732- -2.904 -129 1.195 14 BROKERS + DEALERS FRCM COMMERCIAL BANKS FROM FOREIGN BANKING AG. CUSTOMER CREDIT BALANCES NET CHANGE IN ASSETS HOUSEHOLDS FOREIGN COMMERCIAL BANKING BROKERS AND DEALERS TRADE CREDIT 1 2 3 4 NET CHANGE IN LIABILITIES HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUSINESS (PAYABLES LESS RECEIVABLES) 5 CORPORATE BUSINESS STATE ANO LOCAL GOVERNMENTS U.S. GOVERNMENT FOREIGN 6 7 8 9 10 11 12 13 NET CHANGE IN ASSETS CORPORATE BUSINESS U.S. GOVERNMENT INSURANCE FOREIGN 14 DISCREPANCY (1-91 PROFIT TAXES PAYABLE TOTAL TAXES PAYABLE NONFINANCIAL CORPORATIONS FEOERAL RESERVE COMMERCIAL BANKS SVG. ♦ LOAN ASSNS. LIFE INSURANCE COMPANIES OTHER INSURANCE COMPANIES FINANCE COMPANIES BROKERS ♦ DEALERS 1.687 2.162 -502 -132 3 -20 56 87 33 159 205 -I -31 -44 60 2 -34 2 -4.903 -4.727 17 -81 -3 -111 2 -56 56 3.021 2.861 0 -51 24 162 -22 -1 48 -3.091 -3.306 29 78 6 55 51 48 -52 -2.125 -2.706 20 340 16 112 65 28 0 3.804 3.991 -33 -27 59 -70 -115 9 -10 1 2 3 4 5 6 7 8 9 10 11 12 TOTAL TAXES RECEIVABLE U. S. GOVERNMENT STATE ♦ LOCAL GOVTS. 1.308 1.160 148 -505 -722 217 -4.133 -4.387 254 2.363 1.699 664 -3.194 -2.554 -640 -3.851 -2.993 -858 1.427 1.131 296 10 11 12 13 UNALLOCATED 379 664 -770 658 103 1.726 2.377 13 1 2 3 4 5 6 7 8 9 PROPRIETORS’ EQUITY IN NONCORPORATE BUSINESS 1 TOTAL HOUSEHOLD INVESTMENT -1.942 -3.532 -3.633 -2.034 -3.304 -4.792 -3.219 1 2 3 NONFARM NONCORPORATE BUSINESS FARM BUSINESS 396 -2.338 94 -3.626 -1.323 -2.310 315 -2.349 -86 -3.218 -1.595 -3.197 -147 -3.072 2 3 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AU8UST, 1972 MISCELLANEOUS MISCELLANEOUS I 60 MISCELLANEOUS FINANCIAL CLAIMS 60 ANNUAL FLOWS, 1946-54 ANNUAL FLOWS, 1946-54 1945 1 2 3 4 5 6 7 8 TOTAL LIABILITIES HOUSEHOLDS CORPORATE BUSINESS U.S. GOVERNMENT TOTAL FINANCE SPONSORED CR. AGENCIES MONETARY AUTHORITIES COMMERCIAL BANKING 1947 1948 1949 1950 1951 1952 1953 1954 553 65 -36 -35 6.129 81 1.051 -256 2.201 51 814 -286 3.476 69 783 -460 3.974 103 710 -257 3.372 79 1.224 -42 5.560 76 2.470 -343 4.655 92 2.179 -240 4.329 87 1.144 -213 1 2 3 4 492 -216 -56 -269 1.747 41 183 319 1.025 30 -2 5 31 2. 139 89 267 722 2.217 47 368 832 1.575 66 -452 783 2.296 75 78 444 2.004 214 35 315 2.312 393 19 566 5 6 7 8 1946 9 10 11 12 13 SAVINGS + LOAN ASSNS. MUTUAL SVGS. BANKS LIFE INSURANCE COMPANIES NONLIFE INSURANCE COMPANIES REST OF THE WORLD 3 14 300 716 67 -25 10 395 924 3.506 -75 9 256 739 597 7 15 388 651 945 132 43 2 76 519 1.201 -111 16 391 882 536 55 1C 633 1.004 1.061 46 39 530 825 620 44 58 663 569 996 9 10 11 12 13 14 15 16 17 18 19 TOTAL ASSETS HOUSEHOLDS FARM BUSINESS NONFARM NONCORPORATE BUSINE CORPORATE BUSINESS U.S. GOVERNMENT 1.445 803 57 140 523 -298 4.909 538 84 162 1.C12 86 1.842 395 90 133 901 -85 1.887 370 76 100 855 149 2.256 335 33 90 714 -3 2.735 584 59 151 672 -53 2.281 727 87 204 954 -14 2.744 606 77 190 894 -11 2.810 337 73 195 791 172 14 15 16 17 18 19 11 23 59 190 -7 183 440 -31 559 359 28 190 741 -26 402 277 -101 -32 201 23 -437 654 124 114 1.188 83 4 70 20 21 22 5 -10 76 -148 6 209 13 50 70 -125 6 2.837 79 -192 141 -125 9 -32 166 -8 92 -120 11 -22 59 13 249 30 14 346 175 64 190 30 -49 1.045 272 22 166 72 83 122 2 59 5 145 -19 26 334 354 47 196 8 30 54 23 24 25 26 27 28 -892 1.220 359 1.589 1.718 637 3.279 1.911 1.519 29 20 21 22 TOTAL FINANCE SPONSORED CR. AGENCIES COMMERCIAL BANKING 23 24 25 26 27 28 SAVINGS ♦ LOAN ASSNS. MUTUAL SVGS. BANKS LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS S.+ L. GOVT. RTR. FUNDS REST OF THE WORLO 29 UNALLOCATED, NET (A) DEPOSITS 3C 31 32 COML. BANK LIAB. TO FGN. AFFILIATES ASSET-REST OF THE WORLD LIAB: COMMERCIAL BANKS FGN. BANKING. AG. -148 -216 68 182 55 127 179 12 167 363 129 234 338 161 177 460 163 297 135 -54 189 -69 -91 22 140 -61 201 30 31 32 33 34 35 36 37 FOREIGN CURRENCY EXCEPT OFFICIAL— LIABILITY-REST OF THE WORLD ASSET- CORPORATE BUSINESS U.S. GOVT. COMMERCIAL BANKS FGN. BANKING AG. -175 35 -238 29 -1 183 -17 113 86 I -152 -56 -88 -7 -1 177 4 173 -1 1 182 58 37 85 2 -140 34 3 -180 3 -6 -16 -14 23 1 21 39 -ll -10 3 214 44 108 60 2 33 34 35 36 37 38 POSTAL SAVINGS DEPOSITSIU.S.GOVT. LIAB.I ASSET - HOUSEHOLDS 365 144 -81 -140 -267 -222 -157 -191 -226 38 230 749 721 660 621 508 852 735 667 39 —4 10 34 56 80 90 132 158 124 40 0 0 0 0 0 0 0 0 0 41 24 28 35 134 -43 37 159 138 244 42 U.S.GOVERNMENT -87 -60 -30 -27 21 3 -5 -24 7 -40 43 -56 49 0 60 0 140 64 43 44 PRIVATE NONFARM NONCORP. (BCI FARM BUS. (FICB + FLBI SVGS.+ LOAN ASSNS.(FHLB, CORPORATE BUS.(FNMA, 1 -40 12 0 4 -24 17 0 3 -1 16 0 1 2 16 0 1 2 44 0 2 3 94 0 1 4 44 0 1 6 53 0 1 5 70 0 45 46 47 48 (BI EQUITIES 40 DIRECT FGN. INVESTMENT BY U.S.CORP. LIAB.-REST OF THE WORLD DIRECT INVESTMENT IN U.S. ASSET-REST OF THE WORLD 41 U.S. GOVT. EQUITY IN IBRO, ETC. LIABILITY-REST OF THE WORLD 42 DEPOSITS AT FHLB I S.+ L.ASSNS. ASSETI LIABILITY-SPONSORED CR.AGS. <t3 44 EQUITIES IN U . S .G .CR . AGENC IES 39 45 46 47 48 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS „ AUGUST, 1972 MISCELLANEOUS I MISCELLANEOUS I 61 MISCELLANEOUS FINANCIAL CLAIMS ANNUAL FLOWS, 1955-64 ANNUAL FLOWS, 1955-64 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 4.366 141 1.013 -406 8.697 187 2.534 186 7.023 174 1.550 -339 5.781 126 1.634 -149 7.428 218 3. 125 -604 8.116 192 1.538 42 7.086 133 363 -160 8.290 155 3.916 -105 8.547 186 2.082 -289 9.130 186 1.843 -340 I 2 3 4 TOTAL FINANCE SPONSORED CR. AGENCIES MONETARY AUTHORITIES COMMERCIAL BANKING 2.45 7 -62 54 1.011 3.200 224 -233 1.677 2.559 222 -72 610 2.590 234 221 484 2.988 -14 -119 1.489 3.965 565 146 1.206 4.231 391 -110 1.861 2.099 113 20 143 3.849 -54 -41 1.82 7 5.065 111 84 2.497 5 6 7 8 9 1C 11 12 13 SAVINGS + LOAN ASSNS. MUTUAL SVGS. BANKS LIFE INSURANCE COMPANIES NONLIFE INSURANCE COMPANIES REST OF THE WORLD 37 49 644 724 1. 161 60 59 664 749 2.590 86 57 639 1.017 3.079 88 100 607 856 1.580 161 86 241 1.144 1.701 92 72 963 921 2.379 169 103 993 824 2.519 82 47 990 704 2.225 186 115 742 1.074 2.719 226 46 825 1.276 2.376 9 10 11 12 13 14 15 16 17 18 19 TOTAL ASSETS HOUSEHOLDS FARM BUSINESS NONFARM NONCORPORATE BUSINE CORPORATE BUSINESS U.S. GOVERNMENT 2.814 467 108 150 964 343 5.752 320 79 130 2. 330 595 5. 713 308 67 173 3.026 692 4.029 276 66 123 1.751 329 4. 167 504 98 187 1.938 13 6.433 476 64 139 2.289 693 5.423 529 85 166 2.157 426 5.099 475 34 128 2.089 399 6.017 529 160 216 2.114 454 7.611 880 192 254 2.750 4 14 15 16 17 18 19 2.267 31 1.076 1.563 -76 421 2.764 -18 1.252 20 21 22 542 186 352 90 48 981 *773 79 342 280 56 767 23 24 25 26 27 28 1 2 3 4 5 6 7 e TOTAL LIABILITIES HOUSEHOLDS CORPORATE BUSINESS U.S. GOVERNMENT 20 21 22 TOTAL FINANCE SPONSORED CR. AGENCIES COMMERCIAL BANKING 271 -73 -96 1.432 -51 626 1.328 100 578 954 -6 236 529 34 -184 2.231 52 1.049 1.697 30 261 23 24 25 26 27 28 SAVINGS + LOAN ASSNS. MUTUAL SVGS. BANKS LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS S.+ L. GOVT. RTR. FUNDS REST OF THE WORLD 37 10 194 173 26 511 258 24 318 229 28 866 228 57 251 82 32 119 384 63 212 34 31 530 171 -48 370 147 39 898 504 59 315 206 46 541 840 76 348 93 49 363 1.552 2.945 1.310 1.752 3.261 1.683 1.663 3.191 2.530 1.519 29 96 44 52 363 61 302 -195 -283 88 190 -39 229 45 233 -188 912 423 489 26 7 85 182 -109 -182 73 372 149 223 560 118 442 30 31 32 29 UNALLOCATED, NET 588 55 276 191 50 • -293 (Al DEPOSITS 30 31 32 COML. BANK LIAB. TO FGN. AFFILIATES ASSET-REST OF THE WORLD LIAe: COMMERCIAL BANKS FGN. BANKING. AG. 33 34 35 36 37 FOREIGN CURRENCY EXCEPT OFFICIALLIABILITY-REST OF THE WORLD ASSET- CORPORATE BUSINESS U.S. GOVT. COMMERCIAL BANKS FGN. BANKING AG. 289 -29 343 -24 -1 540 9 563 -38 6 653 -7 624 15 21 373 18 339 41 -25 -13 -17 12 -6 -2 565 3 528 30 4 463 88 261 110 4 143 -125 283 -12 -3 337 -209 447 98 1 125 103 19 1 2 33 34 35 36 37 38 POSTAL SAVINGS DEPOSIT S( Ui. S.GOVT. LIAB.1 -255 ASSET - HOUSEHOLDS -244 -327 -193 -189 -187 -124 -119 -93 -72 38 823 1.951 2.442 1.181 1.372 1.674 1.599 1.654 1.976 2.327 39 197 232 155 98 238 141 73 132 -5 -5 40 122 62 50 41 (BI EQUITIES 40 DIRECT FGN. INVESTMENT BY U.S.CORP. LIAB.-REST OF THE WORLD DIRECT INVESTMENT IN U.S. ASSET-REST OF THE WORLO 41 U.S. GOVT. EQUITY IN IBRO, ETC. LIABILITY-REST OF THE WORLO 0 35 0 0 0 154 171 42 DFPOSITS AT FHLB ( S.+ L.ASSNS. ASSETI -L04 LIABILITY-SPONSORED CR.AGS. -15 -30 166 -230 349 242 33 -62 48 42 92 0 112 -3 181 68 96 -10 135 1 176 11 145 —6 49 -6 18 -55 28 -65 43 44 1 11 78 2 0 13 91 11 5 11 78 19 6 10 84 6 8 16 97 13 8 13 123 21 9 16 118 8 12 14 19 10 13 15 45 0 13 23 56 1 45 46 47 48 39 43 44 45 46 47 48 EQUITIES IN U.S.G.CR.AGENCIES U.S.GOVERNMENT PRIVATE NONFARM NONCORP. (BCI FARM BUS. (FICB ♦ FLBI SVGS.+ LOAN ASSNS.(FHLBI CORPORATE BUS.(FNMA 1 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST, 1972 MISCELLANEOUS MISCELLANEOUS I 62 62 MISCELLANEOUS FINANCIAL CLAIMS ANNUAL FLOWS, ANNUAL FLOWS, 1965-71 1965 1966 1967 1968 1969 1970 1971 12.114 264 2.856 -60 15.407 356 3.198 -926 16.528 288 4.856 353 19.421 355 4.130 723 32.413 386 4. 740 -359 5.277 430 3.452 539 14.338 450 3.611 828 1 2 3 4 TOTAL FINANCE SPONSORED CR. AGENCIES MONETARY AUTHORITIES COMMERCIAL BANKING 6.402 116 5 3.310 9.197 389 -85 5.533 8.119 471 49 3.391 12.352 -253 213 7.958 24.972 354 377 1 8. 860 -1.704 2.092 386 -10.010 4.455 -536 -173 -1.293 5 6 7 8 9 10 ll 12 13 SAVINGS + LOAN ASSNS. MUTUAL SVGS. BANKS LIFE INSURANCE COMPANIES NONLIFE INSURANCE COMPANIES REST OF THE WORLD 114 135 1.176 1.546 2.652 369 -11 1.217 1.785 3.5 82' 350 147 1.635 2.076 2.912 398 112 1.458 2.466 1.661 392 213 1.431 3.345 2.674 617 96 1.697 3.418 2. 560 794 120 2.028 3.515 4.994 9 10 11 12 13 14 15 16 17 18 19 TOTAL ASSETS HOUSEHOLDS FARM BUSINESS NONFARM NONCORPORATE BUSINE CORPORATE BUSINESS U.S. GOVERNMENT 7. 129 1.273 180 284 3.387 31 12.790 1.216 207 359 3.721 359 10.927 1.465 263 402 3.456 -149 12.284 1.797 379 482 2.426 -226 17.272 2.118 436 672 3.023 94 10.296 2.564 489 684 4. 256 262 5. 766 2.420 385 670 5.099 66 14 15 16 17 18 i9 2.333 69 738 3.521 140 1.102 3.851 -18 1.345 4.042 -6 2.762 2.886 91 1.886 7.699 952 2.977 4.257 554 1.901 20 21 22 609 99 470 28 1 67 -359 939 126 236 898 80 3.407 909 149 269 837 360' 1.639 -1 267 617 352 51 3.384 -248 -49 862 324 20 8.043 2.506 264 821 15 164 -5.678 180 632 817 68 105 -7.131 23 24 25 26 27 28 4.985 2.617 5.601 7.137 15.141 -5.019 8.572 29 1 2 3 4 5 6 7 8 TOTAL LIABILITIES HOUSEHOLDS CORPORATE BUSINESS U.S. GOVERNMENT 20 21 22 TOTAL FINANCE SPONSORED CR. AGENCIES COMMERCIAL BANKING 23 24 25 26 27 28 SAVINGS ♦ LOAN ASSNS. MUTUAL SVGS. BANKS LIFE INSURANCE COMPANIES PRIVATE PENSION FUNOS S.+ L. GOVT. RTR. FUNDS REST OF THE WORLD 29 UNALLOCATED, NET 1972 1973 1965-71 1974 (A) DEPOSITS 30 31 32 COML. BANK LIAB. TO FGN. AFFILIATES ASSET-REST OF THE WORLD LIAB: COMMERCIAL BANKS FGN. BANKING. AG. 72 265 -193 2.942 2.653 289 703 205 498 2.318 1.798 520 7.936 6.783 1.153 -6.939 -7.167 228 -4.069 -4.752 683 30 31 32 33 34 35 36 37 FOREIGN CURRENCY EXCEPT OFFICIAL— LIABILITY-REST OF THE WORLD ASSET- CORPORATE BUSINESS U.S. GOVT. COMMERCIAL BANKS FGN. BANKING AG. -387 -312 -20 -59 4 370 104 265 -3 4 -69 84 -210 49 8 480 532 -63 9 2 -462 -414 -90 26 16 -211 -375 27 87 50 398 438 -186 174 -28 33 34 35 36 37 38 POSTAL SAVINGS OEPOSITS(U.S.GOVT. LIAB.) -84 ASSET - HOUSEHOLDS -217 -110 0 0 0 0 38 3.277 3.029 2.690 1.079 2.225 3.624 3.389 39 56 87 258 320 832 969 -192 40 61 137 184 235 252 41 (B> EQUITIES 40 OIRECT FGN. INVESTMENT BY U.S.CORP. LIAB.-REST OF THE WORLD DIRECT INVESTMENT IN U.S. ASSET-REST OF THE WORLD 41 U.S. GOVT. EQUITY IN IBRD, ETC. LIABILITY-REST OF THE WORLD 0 83 42 DEPOSITS AT FHLB I S.+ L.ASSNS. ASSET) LIABILITY-SPONSORED CR.AGS. -154 -8 395 -49 -342 1.289 -541 42 99 -10 264 94 78 -22 -153 -300 208 0 306 0 117 0 43 44 13 40 50 6 9 46 92 23 11 49 26 14 11 102 8 26 13 55 75 65 15 51 129 111 13 70 11 23 45 46 47 48 39 43 44 45 46 47 48 EQUITIES IN U.S.G.CR.AGENCIES U.S.GOVERNMENT PRIVATE NONFARM NONCORP. (BC) FARM BUS. (FICB + FLB) SVGS.+ LOAN ASSNS.(FHLBI CORPORATE BUS.(FNMA) MONEY AMOUNTS ARE IN MILLIONS OF OOLLARS AUGUST, 1972 MISCELLANEOUS II MISCELLANEOUS II 63 MISCELLANEOUS FINANCIAL CLAIMS (CONTINUED! ANNUAL FLOWS, 1946-54 ANNUAL FLOWS, 1946-54 1945 (Cl 1946 1947 1948 1949 1950 1951 1952 1953 1954 LIFE INSURANCE CLAIMS 1 OEFERREO AND UNPAID PREMIUMS (LIFE INS. ASSETI LIABILITY - HOUSEHOLDS 2 3 4 LIFE COMPANY RESERVES ( HOUSEHOLDS ASSET 1 LIABILITY- LIFE INSURANCE ACCIDENT ANO HEALTH POLICY DIVIDEND ACCUM. 65 81 51 69 103 79 76 92 87 1 216 20 196 116 25 91 194 46 148 223 48 175 238 37 201 259 71 188 284 62 222 352 71 281 336 44 292 2 3 4 716 258 139 97 222 824 280 158 108 278 739 236 130 91 282 651 191 99 74 287 519 35 89 31 364 882 130 149 .56 547 1.004 118 203 83 600 825 120 189 71 445 569 80 194 68 227 5 6 7 8 9 -892 1.220 359 1.589 1.718 637 3.279 1.911 1.519 10 -649 -32 -400 0 12 -153 3.842 1.041 -400 0 2.574 43 460 780 -205 0 28 -26 1.288 727 -320 0 108 -40 2.196 630 10 0 398 83 1.376 1.134 180 0 168 -14 3.032 2.338 -186 0 215 -133 2.534 2.021 -49 0 -136 16 2.034 1.020 16 0 115 9 11 12 13 14 15 16 (DI NONLIFE INSURANCE CLAIMS 5 6 7 8 9 LIABILITY - OTHER INSURANCE ASSET- CORPORATE BUSINESS NONFARM NONCORP. BU FARM BUSINESS , HOUSEHOLDS (El 10 11 12 13 14 15 16 UNALLOCATED ASSETS ANO LIABILITIES NET TOTAL (LIAB. - ASSETSI TOTAL LIABILITIES CORPORATE BUSINESS U.S. GOVT. U.S. GOVT.-WITHOUT LEVELS REST OF THE WORLD SPONSORED CR.AGENCIES 17 18 19 20 SVGS.+LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE MONETARY AUTHORITIES 3 14 84 -56 -25 10 279 183 -75 9 72 -25 7 15 165 267 132 43 38 368 -III 16 132 -452 55 10 346 78 46 39 178 35 44 58 327 19 17 18 19 20 21 22 23 24 25 COMMERCIAL BANKING COMMERCIAL BANKS BANK AFFILIATES FGN. BANKING AGENCIES BANKS IN U.S. POSS. 168 138 0 46 -16 71 142 0 -34 -37 40 109 0 C-69 191 180 0 28 -17 311 239 0 25 47 577 524 0 29 24 206 136 0 39 31 282 256 0 24 2 493 429 0 25 39 21 22 23 24 25 26 27 28 29 FLOATS IN COML. BANK STMN ON INTERBANK DEPOSITS ON INTERBANK LOANS LESS-ON M.B. RESERVES -289 -277 -12 0 66 62 -99 -103 -138 -97 -13 28 168 95 13 -60 183 74 21 -88 -254 -244 68 78 103 92 15 4 102 63 15 -24 -67 13 -57 23 26 27 28 29 243 361 23 -31 -10 11 -148 6 2.622 2.645 -7 -32 50 -ll -125 6 101 -245 -31 28 -192 90 -125 9 -301 -441 28 16 -8 23 -120 11 478 -72 -26 58 13 146 30 14 739 495 -101 44 64 111 30 -49 -247 -145 23 69 22 90 72 83 623 245 124 68 5 53 -19 26 515 -210 83 40 47 109 8 30 30 31 32 33 34 35 36 37 -26 13 44 23 20 53 578 29 -40 118 58 14 216 55 44 63 79 3 -543 73 9 95 31 -5 300 82 26 38 39 40 30 31 32 33 34 35 36 37 38 39 40 TOTAL ASSETS REST OF THE WORLD SPONSORED CR. AGENCIES SVGS.+LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE PRIVATE PENSION FUNOS* S.+ L.GOVT. RTR.FUNDS COMMERCIAL BANKS FGN. BANKING AGENCIES BANKS IN TERR.AND POSS. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS AUGUST* 1972 MISCELLANEOUS II MISCELLANEOUS II 64 64 MISCELLANEOUS FINANCIAL CLAIMS (CONTINUED! ANNUAL FLOWS* 1955-64 ANNUAL FLOWS* 1955-64 1955 (C) 1956 1957 1958 1959 I960 1961 1962 1963 1964 LIFE INSURANCE CLAIMS 1 DEFERREO ANO UNPAIO PREMIUMS (LIFE INS. ASSET) LIABILITY - HOUSEHOLDS 141 187 174 126 218 192 133 155 186 186 1 2 3 4 LIFE COMPANY RESERVES ( HOUSEHOLDS ASSET! 412 LIABILITY- LIFE INSURANCE ACCIDENT AND HEALTH 61 351 POLICY DIVIDENO ACCUM. 370 37 333 414 86 328 332 12 320 380 84 296 515 71 444 517 58 459 576 82 494 243 136 107 405 135 2 70 2 3 4 749 359 130 66 194 1.017 572 168 56 221 856 546 117 56 137 1. 144 570 179 82 313 921 591 131 51 148 824 462 157 69 136 704 550 116 20 IB 1.074 347 203 145 379 1.276 31° 241 169 547 5 6 7 8 9 ID) NONLIFE INSURANCE CLAIMS 5 6 7 8 9 (E) 10 ll 12 13 14 15 16 724 168 149 97 310 LIABILITY - OTHER INSURANCE ASSET- CORPORATE BUSINESS NONFARM NONCORP. BU FARM BUSINESS HOUSEHOLDS UNALLOCATED ASSETS AND LIABILITIES NET TOTAL (LIAB. - ASSETS! TOTAL LIABILITIES CORPORATE BUSINESS U.S. GOVT. U.S. GOVT.-WITHOUT LEVELS REST OF THE WORLO SPONSORED CR.AGENCIES 1.552 2.945 1.310 1.752 3.261 1.683 1.663 3.191 2.530 1.519 1C 1.951 816 -4 -147 49 -50 4.417 2. 302 25 405 64 127 2.539 1.395 33 -45 -16 71 2.556 1.536 21 23 26 -28 4.328 2.887 0 -415 342 81 2.704 1.397 0 229 -14 40 2.776 290 0 -36 286 4 4.950 3.784 -103 117 306 31 4.439 2.087 -35 -161 344 -10 4.202 1.848 -59 -209 -126 35 ll 12 13 14 15 16 17 18 19 20 SVGS.+LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE MONETARY AUTHORITIES 37 49 232 54 60 59 294 -233 86 57 225 -72 88 100 275 221 161 86 -139 -119 92 72 448 146 169 103 476 -110 82 47 414 20 186 115 499 -41 226 46 420 84 17 18 19 20 21 22 23 24 25 COMMERCIAL BANKING COMMERCIAL BANKS BANK AFFILIATES FGN. BANKING AGENCIES BANKS IN U.S. POSS. 791 744 0 9 38 1.192 1.054 0 55 83 1.194 1.039 0 17 138 396 258 0 19 119 953 972 0 10 -29 575 424 0 74 77 1.151 1.057 0 -33 127 530 300 0 107 123 1.581 1.307 0 102 172 2.117 1.940 0 30 147 21 22 23 24 25 26 27 28 29 FLOATS IN COML. BANK STMN ON INTERBANK DEPOSITS ON INTERBANK LOANS LESS-ON M.B. RESERVES 124 167 -185 -142 122 58 -5 -69 -389 5 -103 291 -102 -178 61 -15 491 -338 663 -166 -281 -165 -234 -118 443 59 276 -108 -2 78 168 249 695 -126 -884 263 -495 -180 -413 233 0 26 27 28 29 399 218 -73 63 10 53 173 26 1.472 271 -51 182 24 131 229 28 1.229 159 100 180 57 77 82 32 804 242 -6 134 63 86 34 31 1.067 615 34 304 -48 152 147 39 1.021 -512 52 32 59 123 206 46 1.113 23 30 480 76 215 93 49 1.759 -316 31 536 55 121 191 50 1.909 614 -76 559 186 166 90 48 2.683 212 -18 669 79 156 280 56 30 31 32 33 34 35 36 37 -33 -45 7 430 209 19 414 50 78 102 94 24 0 -208 32 780 202 33 136 -50 61 843 216 32 163 106 53 829 322 98 38 39 40 30 31 32 33 34 35 36 37 38 39 40 TOTAL ASSETS REST OF THE WORLD SPONSORED CR. AGENCIES SVGS.+LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE PRIVATE PENSION FUNDS S.<- L.GOVT. RTR.FUNDS COMMERCIAL BANKS FGN. BANKING AGENCIES BANKS IN TERR.AND POSS. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS AUGUST, 1972 MISCELLANEOUS II 65 MISCELLANEOUS II MISCELLANEOUS FINANCIAL CLAIMS 65 (CONTINUEO! ANNUAL FLOWS* 1965-71 ANNUAL FLOWS. 1965-71 1965 (Cl 1966 1967 1968 1969 1970 1971 1972 1973 1974 LIFE INSURANCE CLAIMS I OEFERRED ANO UNPAID PREMIUMS (LIFE INS. ASSET) LIABILITY - HOUSEHOLDS 264 356 238 355 386 430 450 1 2 3 4 LIFE COMPANY RESERVES ( HOUSEHOLDS ASSET) LIABILITY- LIFE INSURANCE 6 38 ACCIDENT ANO HEALTH 156 POLICY DIVIDEND ACCUM. 482 724 22C 504 772 308 464 868 33G 533 960 40 5 555 1. 169 595 574 1.126 526 600 2 3 4 1.785 565 350 161 709 2.076 668 391 214 803 2.466 789 471 277 929 3.345 1.147 659 381 1.158 3.418 896 669 438 1.415 3.515 1.249 65 7 315 1.294 5 6 7 8 9 4.985 2.617 5.601 7. 137 15.141 -5.019 8.572 10 6.726 2.800 127 -103 -299 171 6.075 3.111 -156 -553 183 133 9.364 4.598 652 -189 208 -2 11.600 3.810 196 527 165 -51 17.141 3.908 -298 -61 727 488 987 2.483 -613 1.152 -1.088 497 9.893 3.803 7 821 955 -112 11 12 13 14 15 16 114 135 538 5 369 -11 493 -85 350 147 863 49 398 112 590 213 392 213 471 377 617 96 528 386 794 120 902 -173 17 18 19 20 4.421 3.380 0 289 . 2 52 5.573 3.765 322 371 1.115 4.886 2.132 965 1.295 494 -148 109 571 -1.138 310 21 22 23 24 25 (DI NONLIFE INSURANCE CLAIMS 5 6 7 8 9 LIABILITY - OTHER INSURANCE ASSET- CORPORATE BUSINESS NONFARM NONCORP. BU FARM BUSINESS HOUSEHOLDS (El 10 11 12 13 14 15 16 1.548 416 271 140 719 UNALLOCATED ASSETS ANO LIABILITIES NET TOTAL (LIAB. - ASSETS) TOTAL LIABILITIES CORPORATE BUSINESS U.S. GOVT. U.S. GOVT.-HITHOUT LEVELS REST OF THE WORLD SPONSORED CR.AGENCIES 17 18 19 2C SVGS.+LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE MONETARY AUTHORITIES 21 22 23 24 25 COMMERCIAL BANKING COMMERCIAL BANKS BANK AFFILIATES FGN. BANKING AGENCIES BANKS IN U.S. POSS. 1.755 1.561 0 107 87 2.075 1.455 0 344 276 2.322 1.886 0 142 294 26 27 28 29 FLOATS IN COML. BANK STMN ON INTERBANK DEPOSITS ON INTERBANK LOANS LESS-ON M.B. RESERVES 1.483 346 1.145 8 516 418 -172 -270 366 190 84 -92 1.219 522 885 188 5.351 -36 5.380 -7 -7.957 -4.093 -4.059 -195 2.924 858 2.587 521 26 27 28 29 1.741 -487 69 7t3 99 206 281 67 3.458 378 140 855 126 -120 898 80 3.763 678 -18 488 149 -19 837 360 4.463 746 -6 4C 267 262 352 51 2.000 -725 91 19 -49 476 324 20 6.006 292 952 1.088 264 391 15 164 1.321 -2.870 554 710 632 367 68 105 30 31 32 33 34 35 36 37 766 24 3 864 125 112 1 .216 -24 96 1.880 727 144 764 230 850 1.192 1.392 256 1.331 416 8 38 39 40 30 31 32 33 34 35 36 37 38 39 40 TOTAL ASSETS REST OF THE WORLO SPONSORED CR. AGENCIES SVGS.+LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE PRIVATE PENSION FUNDS; S.+ L.GOVT. RTR.FUNDS COMMERCIAL BANKS FGN. BANKING AGENCIES BANKS IN TERR.ANO POSS. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS AUGUST, 1972 TOTAL CLAIMS TOTAL CLAIMS 66 TOTAL FINANCIAL ASSETS ANU LIABILITIES ANNUAL FLOWS, 1946-54 ANNUAL FLOWS, 1946-54 1945 1946 1947 1948 1949 195C 1952 1951 TOTAL FUNOS RAISEO ANO ADVANCED IN CREOIT MARKEIS FUNOS RAISEO IN CREOIT MARKETS BY— NONFINANCIAL SECTORS FEOERAL GOVERNMENT FOREIGN PRIVATE OOMESTIC STATE + LOCAL GOVTS. HOUSEHOLDS CORPORATE NONFIN. BUS. NONFARM NONCORP. BUS. FARM BUSINESS 1 2 3 4 5 6 7 8 9 FINANCIAL SECTORS SPONSOREO CR. AGENCIES SAVINGS ANO LOAN ASSNS. FINANCE COMPANIES INVESTMENT COMPANIES COMMERCIAL BANKS BANK AFFILIATES EQUALS—TOTAL FUNDS RAISED AND ADVANCED IN CREOIT MARKETS 1C ll 12 13 14 15 16 17 18 19 20 21 22 NET ACQUISITIONS BY: PRIVATE OOMESTIC NONFINANCIAL SECTORS HOUSEHOLDS NONFARM NONCORP. BUSINESS NONFINANCIAL CORPORATE BUS. STATE + LOCAL GOVTS. 23 U.S. GOVERNMENT 24 FINANCIAL INSTITUTIONS 25 SPONSORED CREDIT AGENCIES 26 FEDERAL RESERVE SYSTEM 1953 1954 27.321 2. 421 (1) -4.362 -23.449 3.413 15.674 47 7. 101 6.812 1.351 363 16.956 -7.231 4.373 19.814 1.431 7.833 8.691 1.391 46 8 14.061 -5.709 1.299 13.471 2.239 8. 736 6.337 501 658 17.421 2.577 267 14.577 2.497 7.872 3.135 681 392 25.678 -1.179 235 26.622 3.399 13.343 7. 169 1.653 1.056 24.556 -438 623 24.371 2.439 9.729 10.020 896 1.287 31.229 4.884 49 1 25.854 3.064 12.153 8. 722 1.125 790 29.736 7.045 0 22.691 4.C84 12.497 5.676 534 -100 24.466 5.7C8 11.056 6.075 855 772 1 2 3 4 5 6 7 8 9 1.424 295 168 624 282 55 0 1.142 116 209 597 209 11 0 1.548 275 93 1.039 96 45 0 1.106 -112 -53 933 327 11 0 2.501 38 1 445 1.364 239 72 0 1.217 227 152 397 297 144 0 2.091 47 79 1.295 531 139 0 2.180 -3 131 1.530 408 114 0 1.246 -35 167 3 64 522 228 0 10 11 12 13 14 15 16 -2.938 18.098 15.609 18.527 28.179 25.773 33.320 31.916 28.567 17 -4.902 611 334 -5.177 -67C 4.525 3.292 330 248 655 5.613 3.205 364 1.440 604 5.980 2.814 256 2.456 454 6.004 566 488 4.098 852 4.229 1.692 297 1.505 735 5.099 3.586 403 -1C1 1.211 8.049 4.239 178 2.268 1.364 2.298 2.019 92 -1.396 1.583 18 19 20 21 22 4 34 2.831 4.288 1.376 1.290 733 1.298 1.490 562 -314 23 178 79 -813 10.069 195 -887 8.325 357 913 10.884 -32 -4.567 20.196 460 1.824 20.109 417 3.025 25.610 123 926 22.658 61 1.200 26.016 316 -865 24 25 26 -6.533 -6.536 G 42 -39 3.224 3.271 0 41 -88 -2.60C -2.670 0 90 -20 5.774 5.611 0 186 -23 6.321 6. 172 0 141 8 6.996 6.785 0 227 -16 9.247 9.071 0 150 26 3.895 3.928 0 -37 4 9.438 9.305 0 114 19 27 28 29 30 31 27 28 29 30 31 COMMERCIAL BANKING CCMMERCIAL BANKS BANK AFFILIATES FGN. BANKING AGENCIES BANKS IN U.S. POSSESIONS 32 33 34 35 PVT. NONBANK FINANCE MUTUAL SVGS. BANKS SVGS. F LOAN ASSOCIATIONS CREDIT UNIONS 7.445 1.501 1.388 54 7.537 946 1 .476 104 9.655 954 1.194 115 9. 709 1.034 1.345 131 11.591 1.010 2.125 160 9.671 903 2.049 65 15.314 1.741 3.102 244 17.502 1.827 3.762 317 17.127 2.061 4.298 238 32 33 34 35 36 37 38 39 LIFE INSURANCE COMPANIES OTHER INSURANCE COMPANIES PVT. PENSION FUNDS S.+ L.GOVT. RTR. FUNOS 3.463 556 597 262 3.133 774 660 327 3.591 1.000 686 432 3.719 811 713 526 3.797 928 1.604 656 3.698 775 1.026 741 4.529 1.129 1.722 908 4.872 1.327 1.973 1.229 4.914 1.094 2. 107 1 .458 36 37 38 39 40 41 42 FINANCE COMPANIES OPEN-END INVESTMENT COS. SECURITY BROKERS + DEALERS 630 165 -1.171 689 161 -733 946 150 587 931 261 238 1.392 197 -278 423 220 -229 1.008 515 416 1.722 361 112 3 80 421 156 40 41 42 -1.045 -784 295 373 1.246 137 1.121 647 567 43 43 REST OF THE WORLD TOTAL CLAIMS AND THEIR RELATION TO TOTAL FINANCIAL ASSETS I TOTAL CREDIT MARKET DEBT (FROM PRECEDING TABLE! OTHER DEBT FORMS — FOREIGN EXCHANGE 2 TREASURY CURRENCY 3 4 5 6 7 8 9 10 11 12 13 .14 15 16 17 18 19 20 21 22 23 DEPOSITS AT FINANCIAL INSTS BANKING SYSTEM DEMANO QEP. + CURRENCY TIME AND SVGS.DEPOSITS SAVINGS INSTITUTIONS INSURANCE ♦ PENSION RESERVE SECURITY CREDIT TRADE DEBT PROFIT TAXES PAYABLE NONCORP. PROPRIETORS' EQ. MISCELLANEOUS 18.098 15.609 18.527 28.179 25.773 33.320 31.916 28.567 1 -248 126 1.185 -28 356 -5 169 -19 -16 -10 -20 24 36 37 -95 34 -182 36 2 3 -7.963 -10.683 -14.498 3.815 2.720 4.751 2.527 1.156 1.371 2.224 2.057 114 -486 600 1.943 2.941 453 -40 493 2.488 7.919 5.512 5.176 336 2.407 11.935 8.720 6.984 I. 736 3.215 14.788 9.714 6.596 3.118 5.074 9.240 3.474 11 3.463 5.766 15.074 8.356 4.525 3.831 6.718 4 5 6 7 8 5.290 5.354 5.254 5.549 6.861 6. 158 7.651 7.915 7.851 9 -4.280 4.154 -2.007 3.417 553 -1.153 3.484 2.348 2.461 6. 129 199 3.676 1.001 4.843 2.2 01 794 125 -2.167 46 7 3.476 1.078 9.894 7.674 3.204 3.974 -457 3.966 4.900 2.506 3.372 607 240 -2.915 315 5.560 852 -248 1.082 412 4.655 2.134 4.205 -3.583 -1.424 4.329 10 11 12 13 14 187 1.921 2.345 -3.871 2.206 2.765 -119 -142 -1.400 15 TOTAL OEBT ABOVE DEDUCT—FLOATS NOT INCLUOEO IN ASSETS OEMAND OEPOSITS-U.S.GOVT. OTHER TRAOE CREDIT DEDUCT—LIABILITIES NOT ALLOCATED AS ASSETS TREASURY CURRENCY TAXES PAYABLE MISCELLANEOUS -3.709 44.550 37.536 25.991 70.963 60.922 59.520 55.621 55.607 16 603 420 2.116 -1.553 859 -1.642 52 -298 1.347 79 329 928 -199 648 -829 -10 302 -569 -647 1.674 -3.827 185 231 614 617 169 494 17 18 19 -97 -613 -892 -28 -155 1.220 -32 37 359 -2 8 -42 1.589 -48 253 1.718 -49 -89 637 -66 772 3.279 -48 558 1.911 -55 -577 1.519 20 21 22 TOTALS ALLOCATED TO SECTORS AS ASSETS -5.246 45.849 36.071 23. 136 69.420 60.700 58.335 52.170 53.440 23 INTERBANK CLAIMS MONEY AMOUNTS ARE IN MILLIONS OF OOLLARS. (I) -2.938 Includes corporate equities. AUGUST, 1972 TOTAL CLAIMS TOTAL CLAIMS 67 TOTAL FINANCIAL ASSETS AND LIABILITIES 67 ANNUAL FLOWS. 1955-64 ANNUAL FLOWS* 1955-64 1955 1956 1957 1958 1959 i960 1961 1962 TOTAL FUNDS RAISEO AND ADVANCED IN CREDIT MARKETS 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 FUNDS RAISED IN CREDIT MARKETS BY— NONFINANCIAL SECTORS 38.112 FEDERAL GOVERNMENT -788 FOREIGN 350 PRIVATE DOMESTIC 38.550 STATE ♦ LOCAL GOVTS. 5.171 HOUSEHOLDS 19.735 CORPORATE NONFIN. BUS. 10.418 NONFARM NONCORP. BUS. 1.785 FARM BUSINESS 1.441 1963 1964 (1) 29.912 -5.798 974 34.736 3.863 16.119 12.733 1.162 859 30.597 -2.239 1.368 31.468 4.564 12.888 11.960 999 1.057 41.500 9.314 2.332 29.854 5.674 11.021 10.225 1.570 1.364 51.965 7.089 934 43.942 6.250 21.453 11.889 2.418 1.932 37.047 -2.051 1.842 37.256 5.449 17.705 11.404 1.667 1.031 46.890 7.211 2.481 37.198 5.473 15.310 12.521 2.301 1.593 53.397 7.017 1.823 44.557 5.827 20.779 12.374 3.279 2.298 58.014 3.979 3.756 50.279 6.144 24.785 12.294 4.506 2.550 67.812 6.273 5.130 56.409 5.968 27.867 14.623 5.348 2.603 I 2 3 4 5 6 7 8 9 2.511 738 -239 651 1.094 267 0 3.734 1.120 0 1.168 1.173 273 0 1.202 56 369 -707 1.430 54 0 7.962 2.274 1.074 2.746 1.736 132 0 4.884 638 -295 2.928 1.491 122 0 4.763 681 1.023 982 1.899 178 0 7.230 1.499 1.224 2.568 I .843 96 0 8.893 1.447 1.924 4.011 1.227 284 0 7.350 544 293 4.055 1.873 585 0 10 11 12 13 14 15 16 17 FINANCIAL SECTORS 6.466 SPONSORED CR. AGENCIES 1.007 SAVINGS AND LOAN ASSNS. 725 FINANCE COMPANIES 3.906 INVESTMENT COMPANIES 879 COMMERCIAL BANKS -51 BANK AFFILIATES 0 EQUALS—TOTAL FUNDS RAISED AND ADVANCED IN CREDIT MARKETS 44.578 32.423 34.331 42.702 59.927 41.931 51.653 60.627 66.907 75.162 17 18 19 20 21 22 NET ACQUISITIONS BY: PRIVATE OOMESTIC NONFINANCIAL SECTORS 15.245 9.241 HOUSEHOLDS NONFARM NONCORP. BUSINESS 165 5.046 NONFINANCIAL CORPORATE BUS. STATE ♦ LOCAL GOVTS. 793 5.335 7.982 282 -3.678 749 7.086 6.506 174 -194 600 4.312 2.966 -20 950 416 20.217 11.180 220 7.554 1.263 2.248 5.093 258 -4.300 1.197 4. 724 4.035 196 -325 818 938 -2.601 397 1.970 1.172 6.829 2.800 315 2.918 796 6.864 4.096 391 1.895 482 18 19 20 21 22 23 U.S. GOVERNMENT 24 FINANCIAL INSTITUTIONS 25 SPONSORED CREDIT AGENCIES 26 FEOERAL RESERVE SYSTEM 792 667 614 1.496 1.778 1.003 1.628 2.022 1.507 2.768 23 27.445 1.016 -252 25.018 1.026 195 25.933 1.299 -701 36.911 319 2.104 34.706 2.224 315 37.288 1.197 738 44.461 1.033 1.481 56.184 1.616 1.984 57.649 1.554 2.856 64.956 736 3.381 24 25 26 4.572 4.548 0 0 24 6.011 5.853 0 115 43 5.319 5.360 0 -73 32 14.907 14.728 0 101 78 5.255 5. 184 0 103 -32 8.867 8.671 0 169 27 14. 827 14.650 0 147 30 19.134 18.949 0 106 79 17.443 17.476 0 -142 109 23.421 23.034 0 348 39 27 28 29 30 31 27 28 29 30 31 COMMERCIAL BANKING COMMERCIAL BANKS BANK AFFILIATES FGN. BANKING AGENCIES BANKS IN U.S. POSSESIONS 32 33 34 35 PVT. NONBANK FINANCE MUTUAL SVGS. BANKS SVGS. «• LOAN ASSOCIATIONS CREOIT UNIONS 22.109 2.046 5.790 377 17.786 2.057 4.890 407 20.016 1.808 4.978 465 19.581 2.474 6.344 282 26.912 1.599 8.392 674 26.496 1.522 7.294 685 27.120 2.119 9.426 430 33.450 3.218 10.304 640 35.796 3.439 13.297 743 37.418 4.365 11.035 884 32 33 34 35 36 37 38 39 LIFE INSURANCE COMPANIES OTHER INSURANCE COMPANIES PVT. PENSION FUNOS S.* L.GOVT. RTR. FUNDS 5.217 893 2.047 1.283 5.119 540 2.519 1.360 5.000 811 2.942 1.551 5.076 934 3.086 1.466 5.236 1.569 3.475 1.975 5.387 1.006 3.751 2.210 5.714 1.217 3.830 2.367 6.460 1.549 3.967 2.444 6.657 991 4.324 2.353 7.411 912 4.511 2.753 36 37 38 39 40 41 42 FINANCE COMPANIES OPEN-ENO INVESTMENT COS. SECURITY BROKERS ♦ DEALERS 3.841 707 -92 701 813 -620 1.043 943 475 -858 1.172 -395 2.571 1.352 69 2.915 1.094 632 818 1.346 -147 2.341 1.431 1.096 4.304 724 -1.036 3.889 1.011 647 40 41 42 1.096 1.403 698 -17 3.226 1.392 840 1.483 922 574 43 43 REST OF THE WORLD TOTAL CLAIMS AND THEIR RELATION TO TOTAL FINANCIAL ASSETS 44.578 32.423 34.331 42.702 59.927 41.931 51.653 60.627 66.907 75.162 1 -141 2 564 19 367 36 -17 38 40 39 -443 47 251 54 -642 20 85 46 -45 24 2 3 OEPOSITS AT FINANCIAL INSTS BANKING SYSTEM OEMANO DEP. * CURRENCY TIME ANO SVGS.DEPOSITS SAVINGS INSTITUTIONS 10.734 3.604 2.279 1.325 7.130 11.188 3.870 1.760 2.110 7.318 11.599 4.710 -699 5.409 6. 889 22.860 13.961 5.998 7.963 8.899 11.294 2.878 1.807 1.071 8.416 15.489 6.024 189 5.835 9.465 26.319 14.984 5.567 9.417 11.335 33.323 20.221 4.646 15.575 13.102 34.619 19.446 5.037 14.409 15.173 39.027 23.150 8.590 14.560 15.877 4 5 6 7 8 INSURANCE ♦ PENSION RESERVE 8.402 9.616 9.453 10.000 11.438 11.611 12.176 12.809 13.864 15.232 9 981 10.441 3.740 -1.798 4.366 -637 4.703 -1.756 -674 8.697 -279 -1.189 -2.005 -1.080 7.023 1.735 7.991 -2.545 531 5.781 63 5.963 2.431 -4.647 7.428 354 4.741 -1.499 -3.255 8.116 2.289 6.566 390 -2.864 7.086 758 5.350 1.200 -2.066 .8.290 2.503 7.662 1.477 -2.134 8.547 -83 7.897 1.248 -3.150 9.130 10 11 12 13 14 1 TOTAL CREOIT MARKET OEBT (FROM PRECEDING TABLE) OTHER DEBT FORMS— FOREIGN EXCHANGE 2 TREASURY CURRENCY 3 4 5 6 7 8 9 10 ll 12 13 14 15 16 17 18 19 20 21 22 23 SECURITY CREOIT TRAOE DEBT PROFIT TAXES PAYABLE NONCORP. PROPRIETORS* EQ. MISCELLANEOUS 1.217 INTERBANK CLAIMS TOTAL DEBT ABOVE 82.522 OEDUCT—«=LOATS NOT INCLUDED IN ASSETS -391 DEMAND DEPOSITS-U.S.GOVT. 776 OTHER 842 TRADE CREDIT DEDUCT—LIABILITIES NOT ALLOCATED AS ASSETS -21 TREASURY CURRENCY 1.265 TAXES PAYABLE 1.552 MISCELLANEOUS TOTALS ALLOCATED TO SECTORS AS ASSETS 78.499 MONEY AMOUNTS ARE IN MILLICNS OF DOLLARS. (I) Includes corporate equities. 762 -167 -611 115 -790 1.370 1.352 59 1.082 15 64.905 58.089 88.465 94.091 76.302 105.290 121.021 133.635 145.524 16 367 317 -1.217 55 -1.059 -2.698 -157 250 2.460 -4 1.037 -406 -181 1.674 599 9 1.033 -1.338 357 -644 424 40 -57 839 -419 921 -754 17 18 19 -39 389 2.945 -44 344 I. 310 -50 -102 1.752 -38 -125 3.261 -40 -68 1.083 -133 -377 1.663 38 270 3.191 35 -552 2.530 197 -71 1.519 20 21 22 62.143 60.181 84. 312 90.366 72.635 104.433 117.385 130.800 144.131 23 AUGUST, 1972 TOTA^. CLAIMS TOTAL CLAIMS 68 TOTAL FINANCIAL ASSETS AND LIABILITIES ANNUAL FLOWS, 1965-71 ANNUAL FLOWS, 1965 1966 1967 1968 1969 1970 1971 TOTAL FUNDS R AISEO AND ADVANCED IN CREDIT MARKETS 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 FUNDS RAISEO IN CREDIT MARKETS BY— NONFINANCIAL SECTORS FEDERAL GOVERNMENT FOREIGN PRIVATE DOMESTIC STATE + LOCAL GOVTS. HOUSEHOLDS CORPORATE NONFIN. BUS. NONFARM NONCORP. BUS. FARM BUSINESS 1972 1973 1965-71 1974 (1) 70.376 1.768 2.541 66.067 7.608 28.832 20.610 5.727 3.290 68.665 3.633 1.313 63.719 6.375 23.213 25.155 5.516 3.460 83.357 13.005 4.017 66.335 '8.481 19.747 29.667 4.960 3.480 97.835 13.398 3.054 81.383 10.394 31.858 30.733 5.740 2.658 91.701 -3.646 3.324 92.023 8.689 32.409 40.263 7.486 34 176 101.567 12.802 3.033 85.732 13.926 22.372 39.778 6.407 3.249 156.347 25.503 5.641 125.203 20.599 41.668 48.538 10.303 4.095 1 2 3 4 5 6 7 8 9 FINANCIAL SECTORS 11.947 2.114 SPONSORED CR. AGENCIES SAVINGS AND LOAN ASSNS. 805 5.159 FINANCE COMPANIES 3.114 INVESTMENT COMPANIES 755 COMMERCIAL BANKS BANK AFFILIATES 0 EQUALS—TOTAL FUNDS RAISED AND ADVANCED 82.323 IN CREDIT MARKETS 11.510 4.825 83 2.793 3.716 93 0 1.342 -621 -1.702 874 2.559 232 0 15.061 3.476 1.132 5.521 4.731 201 0 31.061 8.783 4. 104 8.333 5.545 87 4.209 13.122 8.686 1.845 1.805 2.594 52 -1.860 9.633 3.851 3 4.287 1.309 559 -376 10 ll 12 13 14 15 16 80.175 84.699 112.896 122.762 114.689 165.980 17 17.906 16.452 507 -1.356 2.303 1.593 -3.291 451 2.071 2.362 14.125 5.292 734 5.526 2.573 38.578 29.219 544 1.712 7. 103 4.453 7.820 451 -1.564 -2.254 -1.005 -16.759 587 7.479 7.688 18 19 20 21 22 NET ACQUISITIONS BY: PRIVATE OOMESTIC NONFINANCIAL SECTORS HOUSEHOLDS NONFARM NONCORP. BUSINESS NONFINANCIAL CORPORATE BUS. STATE ♦ LOCAL GOVTS. 5.625 1.485 436 1.161 2.543 23 U.S. GOVERNMENT 2.773 4.911 4.552 4.937 2.8 76 2.829 3. 179 23 24 FINANCIAL INSTITUTIONS 25 SPONSORED CREDIT AGENCIES 26 FEOERAL RESERVE SYSTEM 74.268 2.231 3.828 59.228 5.117 3.479 75.858 -93 4.801 91.467 3.241 3.719 80.044 9.032 4.223 96.440 9.880 4.981 136.548 2.802 8.848 24 25 26 27 28 29 3C 31 COMMERCIAL BANKING COMMERCIAL BANKS BANK AFFILIATES FGN. BANKING AGENCIES BANKS IN U.S. POSSESIONS 29.178 28.902 0 185 91 17.101 16.635 0 334 132 36.001 35.315 0 538 148 39.057 38.547 0 42 5 85 18.992 13.351 3.946 1.465 230 31.656 32.220 -992 293 135 49.747 49.400 -114 222 239 27 28 29 30 31 32 33 34 35 PVT. NONBANK FINANCE MUTUAL SVGS. BANKS SVGS. * LOAN ASSOCIATIONS CREDIT UNIONS 39.031 3.882 9.577 1.044 33.531 2.688 4.181 1.113 35.149 5.194 9.149 834 45.450 4.338 10.136 1.408 47.797 3.180 9.764 1.509 49.923 4.101 11.346 1.463 75.151 9.835 29.424 2.873 32 33 34 35 36 37 38 39 LIFE INSURANCE COMPANIES OTHER INSURANCE COMPANIES PVT. PENSION FUNOS S.* L.GOVT. RTR. FUNDS 8.240 1.139 5.204 3.270 7.981 1.863 6.300 3.715 8.382 1.757 5.306 3.509 9.037 2.685 5.780 4.498 8.402 2.553 5.991 5.150 8.991 4.849 6.937 6.469 11.691 4.347 7.351 6.831 36 37 38 39 40 41 42 FINANCE COMPANIES OPEN-END INVESTMENT COS. SECURITY BROKERS + DEALERS 5.155 1.950 -430 2.420 2.527 743 681 941 -604 5.241 2.408 -81 7.687 3.384 177 1.594 1.620 2.553 3.932 344 -1.477 40 41 42 -343 -1.870 2.696 2.367 1.264 10.967 27.258 43 43 REST OF THE WORLD TOTAL CLAIMS ANO THEIR RELATION TO TOTAL FINANCIAL ASSETS 1 TOTAL CREDIT MARKET DEBT (FROM PRECEDING TABLE) OTHER DEBT FORMS— 2 FOREIGN EXCHANGE TREASURY CURRENCY 3 82.323 80.175 84.699 112.896 122.762 114.689 165.980 1 442 234 3 899 1.119 683 2.052 416 288 272 -2.541 622 -1.732 490 2 3 4 5 6 7 8 DEPOSITS AT FINANCIAL INSTS BANKING SYSTEM DEMAND DEP. ♦ CURRENCY TIME AND SVGS.DEPOSITS SAVINGS INSTITUTIONS 40.727 27.632 7.521 20.111 13.095 22.907 15.973 2.684 13.289 6.934 55.337 38.378 14.464 23.914 16.959 48.372 35.670 14.949 20.721 12.702 7.156 -771 8.573 -9.344 7.927 66.726 49.744 11.780 37.964 16.982 100.631 59.805 18.441 41.364 40.826 4 5 6 7 8 INSURANCE + PENSION RESERVE 17.052 18.991 19.421 19.899 20.728 24.720 26.871 9 SECURITY CREDIT TRADE DEBT PROFIT TAXES PAYABLE NONCORP. PROPRIETORS’ EQ. MISCELLANEOUS 876 13.192 1.687 -1.942 12.114 394 11.869 159 -3.532 15.407 5.579 11.101 -4.903 -3.633 16.528 4.353 12.006 3.021 -2.034 19.421 -4.715 16.535 -3.091 -3.304 32.413 -529 7.045 -2.125 -4.792 5.277 2.702 4.040 3.804 -3.219 14.338 10 11 12 13 14 394 15 9 10 ll 12 13 14 15 16 17 18 19 20 21 22 23 INTERBANK CLAIMS 2.913 2.125 4.394 2.739 5.282 4.997 TOTAL DEBT ABOVE 167.099 150.185 DEDUCT—FLOATS NOT INCLUDEO IN ASSETS 411 DEMAND DEPOSITS-U.S.GOVT. -283 677 OTHER 102 TRADE CREDIT -530 -1.402 DEDUCT —LIABILITIES NOT ALLOCATED AS ASSETS 64 TREASURY CURRENCY 157 379 664 TAXES PAYABLE 4.985 2.617 MISCELLANEOUS 188.056 224. 796 191.783 214.374 318.902 16 124 433 1.293 444 203 -3.732 -585 411 -2.904 -33 1.135 -129 -71 824 1.195 17 18 19 216 -770 5.601 249 658 7.137 219 103 15.141 -79 1.726 -5.019 12 2.377 8.572 20 21 22 147.755 181.159 219.837 179.398 216.773 305.993 23 TOTALS ALLOCATED TO SECTORS AS ASSETS 161.688 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. (I) Includes corporate equities. AUGUST, 1972 SAVING BY INDIVIDUALS 69 SAVING BY INDIVIDUAL'S AMOUNT ANO COMPOSITION OF INDIVIDUALS* SAVING (1> 69 ANNUAL FLOWS, 1946-54 ANNUAL FLOWS, 1946-54 1945 1946 1947 1948 1949 1950 1951 1952 1953 19 54 1 INCR. IN FINANCIAL ASSETS 2 CURR. AND DEMAND DEPOSITS 3 SAVINGS ACCOUNTS 19.226 5.639 6.313 13.228 94 3.H47 8.815 -2.882 2.262 9.82 0 -2.061 2.668 13.699 2.567 2.490 18.138 4.407 4.868 21.936 1.628 7.829 22.423 941 8.283 22.194 2.041 9.2 74 1 2 3 4 5 6 7 8 SECURITIES U.S. SAVINGS BONDS OTHER U.S. TREASURY SEC. U.S.G AGENCY SECURITIES STATE * LOCAL OBLIGATIONS -896 1.216 -2.555 138 34 1.977 2.085 -1.003 54 442 2.045 1.601 -1.416 127 1.006 2.067 1.463 -334 -82 691 -114 252 -850 47 548 798 -471 -579 59 338 2.833 92 44 124 1.099 3.232 198 -14 58 2.001 828 595 -2.395 -134 2.477 4 5 6 7 8 9 10 11 12 CORP. AND FOREIGN BONDS COMMERCIAL PAPER INVESTMENT CO. SHARES OTHER CORPORATE STOCK -891 43 282 837 -755 38 209 907 -161 -99 96 891 -421 -9 327 432 -830 -16 239 496 -186 52 297 1.288 -59 -24 531 1.026 -34 88 408 527 -384 -30 522 177 9 10 11 12 2.610 400 469 1.811 2.880 2.520 500 565 1.769 2.356 2.580 600 591 1.483 2.136 2.617 625 636 1.671 1.597 2.611 775 1.694 1.781 1.895 2.468 975 1.121 1.594 1.907 2.739 1.125 1.775 2.012 1.995 2.890 1.125 2.010 1.890 2.052 2.958 1.175 2.106 1.612 2.200 13 14 15 16 17 18 GROSS INV. IN TANGIBLE ASSETS 19 NONFARM HOMES 20 NONCORP BUS.CONSTR ♦ EQUIP. CONSUMER DURABLES 21 INVENTORIES 22 28.549 5.541 6.839 15.757 412 36.969 8.326 9.951 20.394 -1.702 48.134 12.105 10.697 22.677 2.655 44.733 10.703 10.756 24.628 -1.354 60.149 15.632 12.074 30.477 1.966 58.741 15.782 11.567 29.648 1.744 56.392 15.252 10.904 29.334 902 60.893 16.204 11.806 33.248 -365 62.407 16.757 12.430 32.836 384 18 19 20 21 22 23 CAPITAL CONSUMP. ALLOWANCES 24 NONFARM HOMES 25 NONCORP.BUS. PLANT ♦ EQUIP. 26 CONSUMER DURABLES 15.209 1.317 3.922 9.970 19.283 1.457 4.964 12.862 23.073 1.597 5.935 15.541 26.235 1.718 6.919 17.598 29.858 1.937 7.642 20.279 35.132 2.250 8.740 24.142 37.524 2.431 9.338 25.755 39.417 2.724 9.840 26.853 41.308 3.069 10.275 27.964 23 24 25 26 27 NET INV. IN TANGIBLE ASSETS 28 NONFARM HOMES29 NONCORP BUS.CONSTR.* EQUIP 30 CONSUMER DURABLES INVENTORIES 31 13.340 4.224 2.917 5.787 412 17.686 6.869 4.987 7. 532 -1.702 25.061 10.508 4.762 7.136 2.655 . 18.498 8.985 3.837 7.030 -1.354 30.291 13.695 4.432 10.198 1.966 23.609 13.532 2.827 5.506 1.744 18.868 12.821 1.566 3.579 902 21.476 13.480 1.966 6.395 -365 21.099 13.688 2.155 4.872 384 27 28 29 30 31 32 INCREASE IN DEBT MTG. DEBT ON NONFARM HOMES 33 NONCORP BUS. MTG. DEBT 34 CONSUMER CREDIT 35 SECURITY CREDIT 36 POLICY LOANS 37 OTHER OEBT 38 6.518 3.775 888 2.719 -2.666 -70 1.872 10.035 4.301 1.178 3.214 -364 42 1.664 10.771 5.030 1.136 2.849 -284 132 1.908 9.557 4.066 1.495 2.917 272 199 608 17.125 7.392 1.831 4.107 700 190 2.905 12.341 7.124 1.537 1.241 -129 194 2.374 14.099 6.442 1.652 4.808 179 123 895 13.628 7.652 1.347 3.873 463 214 79 15.715 8.628 1.900 1.071 1.099 215 2.802 32 33 34 35 36 37 38 39 INDIVIDUAL SAVING(1*27-321 40 LESS- GOVT.INS* PEN RESERVES NET INV. IN CONS. OUrt 41 CAPITAL GAINS OIVIOENDS FROM INVEST. COS. 42 NET SVG. BY FARM CORPS. 43 44 EQUALS PERS SAVING, F/F BASIS 45 PERSONAL SAVING, NIA BASIS 46 DIFFERENCE (44-45, 26.048 1.811 5.787 20.879 1.769 7.532 23.105 1.483 7.136 18.761 1.671 7.030 26.865 1.781 10.198 29.406 1.594 5.506 26.705 2.012 3.579 30.271 1.890 6.395 27.578 1.612 4.872 39 40 41 70 67 18.313 15.184 3.129 30 51 11.497 7.331 4.166 25 42 14.419 13.361 1.058 20 24 10.016 9.387 629 56 40 14.790 13.076 1.714 100 7 22.199 17.252 4.947 80 -2 8 21.062 18.152 2.910 64 -45 21.967 18.305 3.662 130 -5 20.969 16.400 4.569 42 43 44 45 46 13 14 15 16 17 PVT. LIFE INS. RESERVES » PVT. INSUREO PEN. RESERVES PVT. NONINSURED PEN. RES. GOVT. INS. ♦ PEN. RESERVES MISC. FINANCIAL ASSETS (IICOMBINEO STATEMENT FOR HOUSEHOLDS, FARM, AND NONFARM NONCORPORATE BUSINtSS MONEY AMOUNTS ARE TN MILLIONS OF DOLLARS. AUGUST, 1972 SAVING BY INDIVIDUALS 70 SAVING BY AMOUNT AND COMPOSITION OF INDIVIDUALS’ INDIVIDUALS 70 SAVING III ANNUAL FLOWS, 1955-64 ANNUAL FLOWS, 1955-64 1 INCR. IN FINANCIAL ASSETS 2 CURR. AND OEMAND DEPOSITS 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 28.225 1.055 8. 758 29.694 1.718 9.584 23.265 -555 12.127 3 1.704 3.975 14.056 35.382 597 11.325 28.909 -313 11.433 36.509 2.729 16.538 37.996 1.033 25.687 45.930 3.428 24.622 53.074 4.701 27.381 1 2 3 3 SAVINGS ACCOUNTS 4 5 6 7 8 SECURITIES U.S. SAVINGS BONDS OTHER U.S. TREASURY SEC. U.S.G AGENCY SECURITIES STATE ♦ LOCAL OBLIGATIONS 8.085 263 1.655 627 3.361 6.455 -94 998 318 2.355 4.611 -1.909 1.539 661 1.816 652 -523 -1.979 -369 800 9. 394 -1.796 5.775 1.526 3.043 3.135 -265 712 -309 3.477 2.376 803 -I. 166 -156 1.392 -3.570 423 -420 300 -1.044 2.481 1.181 2.344 410 1.548 3. 779 911 3 26 752 1.977 4 5 6 7 8 9 10 11 12 CORP. AND FOREIGN BONDS COMMERCIAL PAPER INVESTMENT CO. SHARES OTHER CORPORATE STOCK 1.058 47 879 195 939 -9 1.094 854 1.030 8 1.173 293 1.079 147 1.430 67 269 -54 1.736 -1.105 169 -224 1.491 -1.916 333 813 1.899 -1.542 -616 -165 1.843 -3.891 -264 1 1.227 -3.966 -91 -21 1.873 -1.948 9 10 11 12 13 14 15 16 17 PVT. LIFE INS. RESERVES PVT. INSURED PEN . RESERVES PVT. NONINSURED PEN. RES. GOVT.. INS. + PEN . RESERVES MISC.. FINANCIAL ASSETS 2.986 1.325 2.278 1.813 1.925 3.123 1.175 2.748 2.570 2.321 2.626 1.600 3.075 2.152 2.629 2.856 1.500 3.150 2.494 3.021 2.818 1.975 3.661 2.984 2.628 3.088 1.275 3. 968 3.280 3.043 3.280 1.400 4.037 3.459 2.690 3.587 1.375 4.205 3.642 2.037 4.010 1.675 4.480 3.699 1.535 4.212 1.950 4.910 4. 160 1.981 13 14 15 16 17 18 GROSS INV. IN TANGIBLE ASSETS 19 NONFARM HOMES 20 NONCORP BUS.CONSTR + EQUIP. 21 CONSUMER DURABLES 22 INVENTORIES 74.943 21.132 13.146 39.639 1.026 72.454 20. 180 13.543 38.920 -189 73.301 18.057 13.696 40.795 753 70.888 17.253 14.708 37.881 1.046 81.916 21.373 15.626 44.306 611 80.563 19.717 15.014 45.294 538 78.504 17.569 16.254 44.180 501 87.926 18.717 18.351 49.540 1.318 94.535 18.996 20.083 53.928 1.528 100.349 19.335 21.796 59.237 -19 18 19 20 21 22 23 CAPITAL CONSUMP. ALLOWANCES 24 NONFARM HOMES 25 NONCORP.BUS. PLANT + EQUIP. 26 CONSUMER DURABLES 43.874 3.476 10.669 29.729 48.272 3.810 11.432 33.030 52.233 4.231 12.122 35.880 54.350 4.580 12.442 37.328 56.779 4.900 13.073 38.806 58.842 5.257 13.367 40.218 60.460 5.607 13.544 41.309 62.914 5.960 14.101 42.853 66.045 6.359 14.672 45.014 70.439 6.789 15.620 48.030 23 24 25 26 27 NET INV. IN TANGIBLE ASSETS 28 NONFARM HOMES 29 NONCORP BUS.CONSTR.+ EQUIP 30 CONSUMER DURABLES 31 INVENTORIES 31.069 17.656 2.477 9.910 1.026 24.182 16.370 2.111 5.890 -189 21.068 13.826 1.574 4.915 753 16.538 12.673 2.266 553 1.046 25. 137 16.473 2.553 5. 500 611 21.721 14.460 1.647 5.076 538 18.044 11.962 2.710 2.871 501 25.012 12.757 4.250 6.687 1.318 28.490 12.637 5.411 8.914 1.528 29.910 12.546 6.176 11.207 -19 27 28 29 30 31 32 INCREASE IN DEBT 33 MTG. OEBT ON NONFARM HOMES 34 NONCORP BUS. MTG. DEBT 35 CONSUMER CREDIT 36 SECURITY CREOIT 37 POLICY LOANS 38 OTHER DEBT 25.369 12.197 2.088 6.366 685 237 3.796 18.150 11.201 1.767 3.504 -43 236 1.485 15.613 8.757 1.636 2.637 -408 402 2.589 15.215 8.845 2.747 158 1.157 354 1.954 26.887 12.560 3.025 6.415 14 474 4.399 21.049 10.781 2.422 4.597 -138 653 2.734 21.491 10.915 3.930 1.841 1.338 559 2.908 27.001 12.709 4.446 5.839 -126 543 3.590 34.475 14.750 5.437 7.918 1.957 460 3.953 35.948 15.985 6.541 8.529 -205 523 4.5 75 32 33 34 35 36 37 38 39 INDIVIDUAL SAVINGI 1 + 27-321 40 LESS- GOVT.INS+ PEN RESERVES 41 NET INV. IN CONS. OUR CAPITAL GAINS DIVIDENDS 42 FROM INVEST. COS. 43 NET SVG. BY FARM CORPS. 44 EQUALS PERS SAVING, F/F BASIS 45 PERSONAL SAVING, NIA BASIS 46 DIFFERENCE (44-45) 33.925 1.813 9.910 35.726 2.570 5.890 33.720 2.152 4.915 33.027 2.494 553 33.632 2.984 5.500 29.581 3.280 5.076 33.062 3.459 2.871 36.007 3.642 6.687 39.945 3.699 8.914 47.036 4. 160 11.207 39 40 41 222 -25 22.005 15.822 6. 183 293 -23 26.996 20.569 6.427 284 -28 26.397 20.739 5.658 316 -27 29.691 22.276 7.415 427 -24 24.745 19.059 5.686 416 -31 20.840 17.019 3.821 499 -25 26.258 21.151 5. 107 502 11 25.165 21.590 3.575 472 -159 27.019 19.943 7.076 556 -47 31.160 26.188 4.972 42 43 44 45 46 (1(COMBINED STATEMENT FOR HOUSEHOLDS FARM, AND NONFARM NONCORPORATE BUSINESS MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS AUGUST, 1972 SAVING BY INDIVIDUALS SAVING BY INDIVIDUALS AMOUNT AND COMPOSITION OF INDIVIDUALS* SAVING (.11 71 71 ANNUAL FLOWS, 1965-71 1 INCR. IN FINANCIAL ASSETS 2 CURR. AND DEMANO DEPOSITS 3 SAVINGS ACCOUNTS ANNUAL FLOWS, 1965-71 1965 1966 1967 1968 1969 1970 1971 57.212 7.971 28.025 60.710 2.570 20.457 65.833 11.236 34.783 72.447 12.768 30.372 62.620 3.639 6.06 8 87.059 6.252 44.542 96.281 8.605 73.533 1 2 3 1972 1973 1974 4 5 6 7 8 SECURITIES U.S. SAVINGS BONDS OTHER U.S. TREASURY SEC. U.S.G AGENCY SECURITIES STATE + LOCAL OBLIGATIONS 2.251 635 912 189 1.699 15.134 654 3.813 3.887 3.700 -4.233 890 -2.852 1.143 -1.658 3.515 373 2.758 1.372 -193 27.260 -386 8.122 4.345 7.630 5.594 281 -7.314 2.632 1.978 -19.190 2.425 -19.273 -5.792 4.928 4 5 6 7 8 9 10 11 12 CORP. AND FOREIGN .BONDS COMMERCIAL PAPER INVESTMENT CO. SHARES OTHER CORPORATE STOCK 725 28 3.114 -5.05 1 1.872 2.226 3.716 -4.734 4.757 -2.314 2.559 -6.758 4.814 1.973 4.731 -12.313 5.705 5.944 5.545 -9.645 12.413 -1.807 2.594 -5.183 7.598 -3.867 1.309 -6.518 9 10 11 12 13 14 15 16 17 PVT. LIFE INS. RESERVES . PVT. INSURED PEN. RESERVES PVT. NONINSURED PEN. RES. GOVT. INS. * PEN. RESERVES MISC. FINANCIAL ASSETS 4.651 2.075 5.534 4.792 1.913 4.528 2.100 7.157 5.206 3.558 4.904 2.600 6.562 5.355 4.626 4.555 2.925 6.405 6.014 5.893 4.834 2.925 6.342 6.627 4.925 5.066 3.275 7.137 9.242 5.951 6. 556 3.300 7.256 9.759 6.462 13 14 15 16 17 18 GROSS INV. IN TANGIBLE ASSETS NONFARM HOMES 19 20 NONCORP BUS.CONSTR ♦ EQUIP. CONSUMER DURABLES 21 22 INVENTORIES 110.845 19.097 23.727 66.308 1.713 114.119 18.941 23.997 70.752 429 116.685 17.001 25.623 73.120 941 132.491 21.091 26.726 84.032 642 143.045 21.960 29.211 90.790 1.084 140.875 19.592 30.635 90.499 149 167.656 25.843 35.825 103.482 2.506 18 19 20 21 22 23 CAPITAL CONSUMP. ALLOWANCES 24 NONFARM HOMES 25 NONCORP.BUS. PLANT * EQUIP. 26 CONSUMER DURABLES 75.077 7.143 16.417 51.517 80.266 7.422 17.243 55.601 86.899 7.844 18.369 60.686 95.284 8.302 19.609 67.373 104.514 8.684 21.271 74.559 112.207 8.989 22.570 80.648 121.225 9.388 24.507 87.330 23 24 25 26 27 NET INV. IN TANGIBLE ASSETS 28 NONFARM HOMES NONCORP BUS.CONSTR.* EQUIP 29 CONSUMER DURABLES 30 INVENTORIES 31 27 38.531 28.668 29.786 37.207 46.431 35.768 33.853 12.789 9.157 13.276 16.455 11.519 10.603 28 11.954 29 7.254 7.117 7.940 8.065 11.318 6.754 7.310 30 12.434 16.659 9.851 14.791 15.151 16.231 16.152 2.506 941 1.084 149 31 429 642. 1.713 ----- ——--------- — ---------- ,------ ——------ —------------ ----- ——— ——----- ------ -------- ——————----- ———-------— 32 INCREASE IN DEBT MTG. DEBT ON NONFARM HOMES 33 34 NONCORP BUS. MTG. OEBT CONSUMER CREOIT 35 SECURITY CREDIT 36 37 POLICY LOANS OTHER OEBT 38 39.187 15.234 6.557 10.046 847 581 5.922 32.181 12.310 5.754 7.229 -208 1.490 5.606 33.693 10.497 7.037 4.589 3.287 991 7.292 43.324 14.879 6.592 11.059 2.103 1.288 7.403 41.439 16.072 7.004 9.278 -2.452 2.605 8.932 32.807 12.547 8.006 4.333 -1.894 2.308 7.507 59.820 24.569 11.237 10.435 2.086 979 10.514 32 33 34 35 36 37 38 39 INDIVIDUAL SAVING!1*27-32) 40 LESS- GOVT.INS* PEN RESERVES NET INV. IN CONS. DUfe 41 CAPITAL GAINS DIVIDENDS FROM INVEST. COS. 42 NET SVG. BY FARM CORPS. 43 44 EQUALS PERS SAVING, F/F BASIS 45 PERSONAL SAVING, NIA BASIS 46 DIFFERENCE (44-451 53.793 4.792 14.791 62.382 5.206 15.151 61.926 5.355 12.434- 66.330 6.014 16.659 59.712 6.627 16.231 82.920 9.242 9.851 82.892 9.759 16.152 39 40 41 939 -2 33.273 28.432 4.841 1.318 28 40.679 32.527 8.152 1.690 -53 42.500 40.366 2.134 2.458 16 41.183 39.758 1.425 2.536 -25 34.343 38.212 -3.869 923 -159 63.063 54.846 8.217 776 -37 56.242 60.927 -4.685 42 43 44 45 46 (ItCOMBINED STATEMENT FOR HOUSEHOLDS, FARM, AND NONFARM NONCORPORATE BUSINESS MONEY AMOUNTS ARE IN MILLIONS OF OOLLARS. jAUGUST, 1972 DISCREPANCIES DISCREPANCIES 72 DISCREPANCIES - SUMMARY FOR SECTORS AND TRANSACTIONS 72 ANNUAL FLOWS* 1946-54 ANNUAL FLOWS* 1946-54 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 SECTOR DISCREPANCIES I TOTAL,- ALL SECTORS 2 HOUSEHOLDS 3 CORPORATE BUSINESS 4 STATE + LOCAL GOVTS. 5 FOREIGN 6 U. S. GOVERNMENT 1.470 -3.129 1.805 1.579 445 604 -2.267 -4.166 2.531 676 936 -2.259 3.402 -1.058 3.690 732 1.179 -1.377 2.578 -629 1.556 591 775 -268 18 -1.714 1.278 103 -21 845 -3.223 -4.947 412 -33 477 133 -991 -2.910 319 476 602 -307 506 -3.662 2.408 983 339 224 -579 -4.569 3.159 1.602 173 -603 1 2 3 4 5 6 7 8 9 FINANCIAL SECTORS MONETARY AUTHORITIES' COMMERCIAL BANKS 166 0 53 15 0 177 236 0 314 553 0 239 -473 0 200 735 0 474 829 0 306 214 o 343 -341 o 4 7 g 9 10 11 12 13 14 15 16 NONBANK FINANCE SPONSORED AGENCIES SVGS ♦ LOAN ASSNS. MUTUAL SVGS BANKS. LIFE INSURANCE OTHER INSURANCE FINANCE N.E.C. 113 -25 -8 -76 233 -31 20 -162 -26 1 18 -6 -173 24 -78 -2 4 22 -46 -55 -1 314 -8 -1 2 46 257 18 -673 -16 0 -35 -318 -325 21 261 -12 24 32 101 57 59 523 0 10 10 45 25 433 -129 1 -18 23 —43 -137 45 -345 4 7 -33 0 -292 -31 10 11 12 13 14 15 16 TRANSACTION DISCREPANCIES 1 TOTAL, ALL TYPES 2 TREASURY CURRENCY DEMAND OEPOSIT MAIL FLOATS: 3 U. S. GOVERNMENT 4 OTHER 5 6 7 8 9 10 11 12 13 TRADE CREOIT TAXES PAYABLE MISCELLANEOUS NONFINANCIAL 1.470 -97 -2.267 -28 3.402 -32 2.578 -28 18 -48 -3.223 -49 -991 -66 506 -48 -579 -55 1 2 603 420 -1.553 859 52 -298 79 329 -199 648 -10 302 -647 L.674 185 231 617 169 3 4 2.116 -1.642 1.347 -829 92 8 -569 -3.827 614 494 5 -613 -155 37 -42 2 53 -89 558 -577 772 6 -892 1.220 359 1.589 1.718 637 3.279 1.911 1.519 7 -67 -968 1.937 -277 -1.525 -3.445 -2.176 -2.945 -2.746 8 ————«——---------—----- --— — — — — ----------- ------ — NONFINANCIAL COMPONENTS GNP DISCREPANCY (NEG.I NONFARM NONCORP DISCREPI (NEG. FARM DISCREPANCY (NEG. TRADE OEBT (POSITIVEI TOTAL NONFINANCIAL DISCREPANCY 67 0 0 0 968 0 0 0 -1.937 0 0 0 277 0 0 0 1.525 0 0 0 3.445 0 0 0 2.176 0 0 0 2.945 0 0 0 2.746 0 0 0 9 10 11 12 -67 -968 1.937 -277 -1.525 -3.445 -2.176 -2.945 -2.746 13 ANNUAL FLOWS* 1955-64 ANNUAL FLOWS* 1955-64 1955 1956 1957 1958 1959 i960 1961 1962 1963 1964 3.127 -7.076 7.783 1.369 -353 381 2.700 -4.972 8.974 1.450 -914 -1.792 1 2 3 4 5 6 SECTOR DISCREPANCIES 1 TOTAL, ALL SECTORS HOUSEHOLDS 2 CORPORATE BUSINESS 3 4 STATE ♦ LOCAL GOVTS. 5 FOREIGN U. S. GOVERNMENT 6 1.921 -6.183 5.437 2.032 503 -115 3.869 -6.427 6.596 1.308 543 979 -2.128 -5.658 488 808 1.157 312 2.576 -7.415 8.605 939 488 -123 4.491 -5.686 6.122 2.456 399 441 4.672 -3.821 6.618 1.493 -993 811 1.575 -5.107 5.935 1.217 -1.019 509 3.132 -3.575 7.471 1.228 -1.183 -309 40 0 82 -500 0 17 1.023* 0 1.035 -46 0 -204 7 8 9 -517 4 139 0 -61 -887 288 -12 1 60 -7 -17 -167 118 158 16 178 -33 -59 -113 169 10 11 12 13 14 15 16 7 8 9 FINANCIAL SECTORS MONETARY AUTHORITIES COMMERCIAL BANKS 247 0 459 870 0 753 765 0 635 82 0 42 759 O 1.005 564 0 316 10 11 12 13 14 15 16 NONBANK FINANCE SPONSORED AGENCIES SVGS ♦ LOAN ASSNS. MUTUAL SVGS BANKS. LIFE INSURANCE OTHER INSURANCE FINANCE N.E.C. -212 2 12 -18 -121 -127 40 117 8 24 17 -3 -85 156 130 -12 7 36 -87 -59 245 40 -6 15 44 36 -175 126 -246 5 86 34 -98 -414 141 248 9 53 -22 141 25 42 -42 4 98 -2 34 —232 56 TRANSACTION DISCREPANCIES 1 TOTAL, ALL TYPES TREASURY CURRENCY 2 DEMAND DEPOSIT MAIL FLOATS: U. S. GOVERNMENT 3 4 OTHER 5 6 7 8 9 10 11 12 13 TRADE CREOIT TAXES PAYABLE MISCELLANEOUS NONFINANCIAL NONFINANCIAL COMPONENTS GNP DISCREPANCY (NEG.I NONFARM NONCORP DISCREPI (NEG, FARM DISCREPANCY (NEG TRADE DEBT (POSITIVEI TOTAL NONFINANCIAL DISCREPANCY MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS 1.921 -21 3.869 -39 -2.128 -44 2.576 -50 4.491 -38 4.672 -40 1.575 -133 3.132 38 3.127 35 2.700 197 1 2 -391 776 367 317 55 -1.059 -157 250 -4 1.037 -181 1.674 9 1.033 357 -644 40 -57 -419 921 3 4 842 1.265 1.552 2.102 -1.217 389 2.945 1.107 -2.698 344 1.310 -36 2.460 -102 1.752 -1.577 -406 -125 3.261 766 599 -68 1.683 1.005 -1.338 -377 1.663 718 424 270 3.191 -504 839 -552 2.530 292 -754 -71 1.519 1.307 5 6 7 8 2.102 0 0 0 -1.107 0 0 0 36 0 0 0 1.577 0 0 0 -766 0 0 0 —1.005 0 0 0 -718 0 0 0 504 0 0 0 -292 0 0 0 -1.307 0 0 0 9 10 11 12 102 1.107 36 -1.577 7.66 1.005 718 -504 292 1.307 13 AUGUST, 1972 DISCREPANCIES 73 DISCREPANCIES DISCREPANCIES SUMMARY FOR SECTORS ANO TRANSACTIONS ANNUAL FLOWS, 1965-71 ANNUAL FLOWS, 1965-71 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 SECTOR DISCREPANCIES 1 TOTAL, ALL SECTORS 2 HOUSEHOLDS 3 CORPORATE BUSINESS 4 STATE + LOCAL GOVTS. 5 FOREIGN 6 U. S. GOVERNMENT 8.530 -4.841 11.378 972 -316 648 3.439 -8.154 10.567 1.253 -504 -1.389 7.550 -2.135 9.906 -451 -1.086 -691 7.693 -1.425 10.292 -1.051 -493 611 18.439 3.869 12.486 2.135 -2.399 388 2.262 -8.217 6.945 3.606 -1.016 441 17.370 4.685 19.754 3. 369 -10.799 675 1 2 3 4 5 6 7 8 9 FINANCIAL SECTORS MONETARY AUTHORITIES COMMERCIAL BANKS 689 0 3 74 1.666 0 810 2.007 0 287 -241 0 619 1.960 0 894 503 0 985 -314 0 253 7 8 9 10 11 12 13 14 15 16 NONBANK FINANCE SPONSORED AGENCIES SVGS * LOAN ASSNS. MUTUAL SVGS BANKS. LIFE INSURANCE OTHER INSURANCE FINANCE N.E.C, 315 25 160 -2 -312 277 167 856 54 318 -28 236 161 115 1.720 31 48 7 -15 5 53 511 153 -860 80 280 -104 -818 -483 185 1.066 61 102 -12 112 365 438 -482 53 386 185 80 -1.190 4 -567 -12 351 -87 -1.124 14 291 10 11 12 13 14 15 16 TRANSACTION DISCREPANCIES 1 TOTAL, ALL TYPES TREASURY CURRENCY 2 OEMAND DEPOSIT MAIL FLOATS: U. S. GOVERNMENT 3 4 OTHER 5 6 7 8 9 10 11 12 13 TRADE CREOIT TAXES PAYABLE MISCELLANEOUS NONFINANCIAL NONFINANCIAL COMPONENTS GNP DISCREPANCY (NEG.I NONFARM NONCORP DISCREPI (NEG. FARM DISCREPANCY (NEG. TRAOE OEBT (POSITIVEI TOTAL NONFINANCIAL DISCREPANCY MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS 8.530 64 3.439 157 7.550 216 7.693 249 18.439 219 2.262 -79 17.370 12 1 2 411 102 -283 677 124 433 444 203 -585 411 -33 1.135 -71 824 3 4 -530 379 4.985 3.119 -1.402 664 2.617 1.009 1.293 -770 5.601 653 -3.732 65 8 7.137 2.734 -2.904 103 15.141 6.054 -129 1.726 -5.019 4.661 1.195 2.377 8.572 4.461 5 6 7 8 -3.119 0 0 0 -1.011 0 0 -2 -654 0 0 -1 -2.734 0 0 0 -6.054 0 0 0 -4.661 0 0 0 -4.461 0 0 0 9 10 11 12 3.119 1.009 653 2.734 6.054 4.661 4.461 13
@FedFRASER