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FLOW OF FUNDS ACCOUNTS 1945-1972 AUGUST 1973 ANNUAL TOTAL FLOWS & YEAR-END ASSETS AND LIABILITIES BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM FLOW OF FUNDS ACCOUNTS 1945-1972 AUGUST 1973 ANNUAL TOTAL FLOWS & YEAR-END ASSETS AND LIABILITIES BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM TABLE OF CONTENTS stair Flows Summary Tables: 78 1 4 4 80 7 Income and product distribution Funds raised in credit markets Private domestic net investment and borrowing in credit markets Credit market supply of funds Sector Tables: 83 85 85 88 91 94 97 97 97 97 100 100 100 10 13 16 19 22 25 28 28 28 28 31 31 31 100 103 103 103 103 31 34 34 34 34 Households Total business and noncorporate business Corporate business Governments and sponsored credit agencies Banking system Commercial banking subsectors Nonbank finance — summary Savings and loan associations Mutual savings banks Credit unions Life insurance companies Private pension funds State and local government employee retire ment funds Other insurance companies Finance companies Real estate investment trusts Open-end investment companies Security brokers and dealers 106 37 Rest of the world Transactions Tables: 108 108 108 108 111 111 39 39 39 39 42 42 Gold and official foreign exchange Treasury currency and SDR certificates Insurance and pension fund reserves Interbank claims Demand deposits and currency Time deposits and savings accounts -iiPage Out standings Flows 114* 117 117 117 44 47 47 47 U.S. Government securities State and local government securities Corporate and foreign bonds Corporate equities 117 120 120 120 120 47 50 50 50 50 Total mortgages Home mortgages Multi-family mortgages Commercial mortgages Farm mortgages 123 123 125 125 125 53 53 56 56 56 Consumer credit Bank loans n.e.c. Other loans Open-market paper Other types 128 128 128 131 134 59 59 59 59 62 65 Security credit Trade credit Profit taxes payable Proprietors’ equities Miscellaneous financial claims—I Miscellaneous financial claims—II 137 137 68 68 Total funds raised in credit markets Total claims and their relation to total assets 140 71 Saving by individuals 74 Discrepancies Matrix Tables: 76 77 * All sectors Private nonbank finance Detail for nonbank financial sectors are on pages 116-A and 116-B -111- Flow of Funds Accounts, 1945-72 This publication is a complete presentation of the flow of funds accounts in annual data, including both year-total flows and year-end outstandings. It covers all years for which the accounts have been calculated in their current form, which go back to 1945 for outstandings and 1946 for flows. These data are the same as in the more abbreviated tables for 1961-72 in the September 1973 Federal Reserve Bulletin. They are printed here in millions of dollars — the form in which they are calculated— rather than in tenths of billions as in the Bulletin. The unrounded form clearly overstates the precision of the accounts, but it facilitates in regrouping of items and cross-checking accounting relationships. The introductory text on purposes and functions of the flow of funds accounts is in process of revision and will appear shortly as a separate publication that will be announced when it is available. This text last appeared with the annual tables published in March 1970. It includes definitions of sectors and items and a description of the relation of flow of funds accounts to national income accounts. It does not include a detailed derivation of the data, which is available on request at present in a preliminary draft prepared in late 1971. The tables included here reflect a few changes in struc ture of accounts relative to earlier annual publications and numerous revisions in data. The principal structure changes are a new sector for real estate investment trusts as part of the Finance n.e.c. group and a new type of claim, "security RP’s" for borrowings by bank from nonbanks, which appears with openmarket paper in the Other loans group. The REIT sector reflects the rapid growth of this type of intermediary in recent years; data are included only from 1968 on. The security RP’s are also a fairly recent development, and data are shown beginning from 1964. Data revisions are of many kinds. There are the usual July revisions in national income accounts for the preceding three years, three-year revisions in corporate working capital as published by SEC, two-year revisions of state and local government accounts based on Census surveys of governmental finances, balance of payments revisions, and numerous annual benchmarks for finan cial institutions. In addition, this year’s tables reflect a redefinition of money supply back to 1958 that was published in the February Federal Reserve Bulletin, new data from 1965 on con sumer credit and on finance companies that appeared in the October -IV- and November 1972 Bulletins, and new totals for commercial paper published this year by the Federal Reserve Bank of New York. From SEC publications the accounts reflect new balance sheet tabulations for security brokers and dealers and the new time series on market value of corporate equities outstanding. The tables also incorporate new procedures for interpreting Census data on state and local govern ments that affect the accounts for many years back. This wide range of revisions has produced complex patterns of changes in the accounts as a whole, many of them reflected ultimately in residual estimates for the household sector. The changes can be described more specifically in tabular form when necessary. Address any requests on this question to the Flow of Funds and. Savings Section, Division of Research and Statistics, Room 3222, Board of Governors of the Federal Reserve System, Washington, D.C., 20551. AUGUST* 1973 INCOME AND PRODUCT DISTRIBUTION INCOME AND PRODUCT DISTRIBUTION 1 INCOME AND PRODUCT ACCOUNTS: GNP EXPENDITURES ANO GROSS SAVING ANNUAL FLOWS* 1946-54 ANNUAL FLOWS* 1946-54 1946 1945 1947 1948 1949 1950 1951 1952 1953 1954 1 208.509 231.323 257.562 256.484 284.769 328.404 345.497 364.591 364.841 TOTAL GNP 1 2 3 4 5 6 170.406 143.400 15.757 9.772 17,234 185.810 160.704 20.394 12.562 12.544 205.108 173.555 22.677 15.038 16,515 214.648 176.803 24.628 17.733 20,112 228.909 191.009 30.477 19.497 18,403 265.393 206.266 29.648 21.475 37,652 291.339 216.679 29.334 22.881 51.779 311.612 229.967 33.248 24.611 57.034 311.289 236.494 32.836 27.418 47,377 CURRENT OUTLAYS HOUSEHOLDS OF WHICH CONSUMER DURABLES STATE AND LOCAL GOVERNMENT U. S. GOVERNMENT 2 3 4 5 6 7 30.609 33.984 46.014 35.687 54,081 59.340 51.932 52.593 51.724 8 9 10 11 12 24.230 7.244 6.766 5.541 516 34.446 11.059 9.998 8.3?6 692 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 52.146 17.991 16.827 16.204 758 53.267 19.654 18.344 16.757 703 13 14 15 709 355 354 980 490 490 10 5 5 291 146 145 144 72 72 -784 -392 -392 269 135 134 -135 -68 -67 884 442 442 16 17 18 19 478 239 239 0 1.061 530 531 0 1.459 729 730 0 1.842 921 921 0 2.832 1.416 1.416 0 1.425 712 713 0 903 451 452 0 1.164 581 583 0 1.310 654 656 0 20 21 22 23 24 25 16.986 457 ] .638 3.634 -47 11.304 23.387 656 2.629 4.954 249 14,899 26.866 1.040 3.385 4.672 353 17.416 25.092 1.275 3.650 3.930 357 15,880 27.903 1.433 3.693 4.679 394 17.704 31.810 1.517 3.768 5.151 431 20.943 31.615 1.397 3.479 4.682 556 21.501 34.155 1.477 3,722 5.336 432 23.188 33.613 1.875 3.273 5.483 653 22.329 26 27 28 29 30 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 -621 1.068 256 812 -1.543 586 -2.129 -202 -1,927 31 32 33 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 34 35 36 160.019 15.207 9.503 169.831 7.344 4.324 189.138 13.375 7.071 188.582 9.398 4.983 206.938 13.086 6.323 226.583 17.275 7.624 238,294 18.160 7.620 252.544 18.312 7.251 257.462 16.435 6.383 37 38 3.523 1.893 13.286 1.017 8.413 134 -2.433 -723 9.053 -1.204 6.240 -439 -3.800 -43 -7.021 146 -5.930 -1.113 39 40 41 42 43 24.589 140 425 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 44 45 46 47 9.104 55 472 8.577 11.268 58 434 10.776 12,518 70 656 11.792 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 48 49 50 51 52 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 50 437 456 7.895 8.570 60 393 368 7.7*9 8.560 40 302 427 7.791 8.886 33 343 551 7.959 9.282 31 483 553 8.215 DIVIDENDS - TOTAL FARMS NET FOREIGN FINANCIAL CORPORATIONS NONFINANCIAL CORPORATIONS 48 49 50 51 52 53 54 55 56 57 58 59 60 9.911 67 296 1.323 P.225 -5.263 296 3.258 13.881 51 468 1.042 12.320 -5.899 468 6.889 15,634 42 582 1.626 13.384 -2.152 582 11.814 11.295 24 527 1.819 8.925 1.856 527 11.308 16.026 40 547 1.686 13.753 -4.956 547 9.344 13.025 7 769 1.946 10.303 -1.199 769 9.873 10.996 -28 797 2.050 8.177 981 797 9.955 11.475 -45 792 2.250 8.478 -997 792 8.273 11.271 -5 939 2.232 8.105 -318 939 8.726 UNDIST. PROFITS - TOTAL FARMS FOREIGN BRANCH PROFITS FINANCIAL CORPORATIONS NONFINANCIAL CORPORATIONS ♦ INVENTORY VAL. ADJ. ♦ BRANCH PROFITS « NONFIN. CORPS.* NET 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 9.889 1.317 223 1.205 2.476 4.668 80 18 4.570 12.270 1,457 241 1.580 3.171 5.821 100 23 5.698 14.547 1.597 259 2.030 3.675 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 46 10.012 23.191 2.431 423 3.270 5.591 11.476 217 54 11.205 25.672 2.724 464 3.398 5.922 13.164 252 56 12.856 70 71 9.970 19.859 12.862 25.132 15.541 30,088 17.598 34.148 20.279 38.621 24.142 45.337 25.755 48.946 26.853 52.525 TOTAL CAPITAL CONSUMPTION 28.073 OWNER-OCCUPIED HOMES (HH) 3.069 NONPROFIT INST. (HH) 502 3.362 FARM NONCORPORATE NONFARM NONCORPORATE BUS. 6.191 14.949 TOTAL CORPORATE 289 FINANCIAL BUSINESS CORPORATE farms 59 NONFINANCIAL CORPORATIONS 14.601 MEMOS CAP. CONS. ON CONSUMER DURABLES 27.964 NOT INCLUDED ABOVE 56.037 TOT CAP. CONS. INCL DURABLES 44 1.002 -2.008 266 1.506 3.422 2.168 2.938 2.872 73 74 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 12.532 49.883 12.354 46.310 11.266 PVT. FIXED INVESTMENT RESIDENTIAL CONSTRUCTION 1-4 FAMILY STRUCTURES HOUSEHOLD PURCHASES FARM CHANGE IN WORK IN PROCESS ON NONFARM NONCORPORATE CORPORATE MULTI-FAMILY UNITS NONCORPORATE BUSINESS CORPORATE BUSINESS REITS 7 8 9 10 11 12 13 14 15 16 17 18 19 NONRES. PLANT ♦ EQUIPMENT NONPROFIT INST.(HH) FARM NONFARM NONCORP. BUSINES 20 21 22 23 financial corporations 24 NONFINANCIAL CORPORATION 25 INVENTORIES FARM NONFARM NONCORPORATE CORPORATE 26 27 28 29 30 NET EXPORTS EXPORTS IMPORTS 31 32 33 DISPOSABLE PERSONAL INCOME PERSONAL SAVING SAVING RATE (PERCENT) 34 35 36 FEDERAL GOVERNMENT SURPLUS STATE ♦ LOCAL GOVT. SURPLUS 37 38 CORPORATE profits* taxes* and dividends: 38.281 PROFITS - TOTAL 73 FARMS FOREIGN 1.422 financial corporations 4.767 32.019 NONFINAN. CORPORATIONS 72 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. GROSS DOMESTIC INVESTMENT TAX ACCRUALS - TOTAL FARMS FINANCIAL CORPORATIONS nonfinancial 39 40 41 42 43 44 45 46 47 61 62 63 64 65 66 67 68 69 70 71 statistical discrepancy 72 PROFIT TAX RATE («) PERSONAL TAX RATE («) 73 74 AUGUST* 1973 INCOME ANO PRODUCT DISTRIBUTION INCOME AND PRODUCT DISTRIBUTION INCOME ANO PRODUCT ACCOUNTS) GNP EXPENDITURES ANO GROSS SAVING ANNUAL FLOWS* 195S-64 ANNUAL FLOWS, 1955-64 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1 TOTAL GNP 397.960 419.238 441.134 447.334 483.649 503.753 520.109 560.344 590.502 632.410 1 2 CURRENT OUTLAYS HOUSEHOLDS 3 OF WHICH CONSUMER DURABLES 4 STATE AND LOCAL GOVERNMENT 5 U. s. government 6 328.577 254.381 39.639 30.106 44.090 345.255 266.675 38.920 32.994 45.586 367.555 281.432 40.795 36.585 49.538 384.227 290.069 37.881 40.564 53.594 408.211 311.206 44.306 43.346 53.659 424.860 325.239 45.294 46.090 53.531 442.777 335.152 44.180 50.217 57.408 472.177 355.057 49.540 53.731 63.389 497.465 374.981 53.928 58.240 64.244 529.916 401.221 59.237 63.529 65.166 2 3 4 5 6 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 20.180 682 66.515 20.160 18.462 18.057 662 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 19.335 538 6 9 10 11 12 316 158 158 -529 -265 -264 -257 -129 -128 606 303 303 201 101 100 -808 -404 -404 258 129 129 88 44 44 455 228 227 -421 -211 -210 13 14 15 1.237 617 620 0 1.274 635 639 0 1.698 848 850 0 2.287 1.142 1.145 0 3.232 1.615 1.617 0 3.324 1.790 1.534 0 4.216 2.450 1.766 0 5.948 3.690 2.258 0 6.960 4.590 2.370 0 7.674 5.370 2.304 0 16 17 18 19 38.114 1.862 3.333 6.554 747 25.618 43.714 2.102 3.089 7.300 752 30.471 46.355 2.368 3.248 6.699 863 33.177 41.613 2.523 3.731 6.376 866 28.117 45.096 2.590 3.729 6.946 1.028 30.803 48.410 2.805 3.257 6.952 812 34.584 47.032 2.980 3.537 6.556 1.042 32.917 51.667 3.211 3.706 7.106 996 36.648 54.284 3.386 4.327 6.973 1.366 38.232 61.071 3.669 4.611 7.619 1.295 43.677 20 21 22 23 24 25 5.953 467 5.486 559 4.927 4.695 -380 5.075 191 4.884 1.335 534 801 219 582 -1.491 848 -2.339 198 -2.537 4.757 -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 5.081 743 4.338 5.835 -594 6.429 575 5.854 26 27 28 29 30 2.009 19.804 17.795 3.967 23.595 19.628 5.729 26.481 20.752 2.206 23.067 20.861 134 23.476 23.342 4.067 27.244 23.177 5.633 28.557 22.924 5.149 30.278 25.129 5.897 32.339 26.442 8.462 37.099 28.637 31 32 33 275.314 15.800 5.738 293,161 20.576 7.018 308.501 20.743 6.723 318.804 22.277 6.987 337.317 19.083 5.657 350.036 17.037 4.867 364.399 21.153 5.804 385.259 21.601 5.606 404.570 19.931 4.926 438.096 26.188 5.977 34 35 36 3.992 -1.272 5.742 -873 2.061 -1.357 -10.190 -2.341 -1.247 -813 3.462 214 -3.812 -526 -3.806 936 663 1.186 -3.042 1.676 37 38 CORPORATE PROFITS* TAXES, AND dividends: 48.607 PROFITS - TOTAL FARMS 46 1.579 FOREIGN 4.980 FINANCIAL CORPORATIONS NONFINAN. CORPORATIONS 42.002 48.825 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 39 40 41 42 43 7 GROSS DOMESTIC INVESTMENT 8 9 10 11 12 PVT. FIXED INVESTMENT residential construction 1-4 family structures household purchases FARM CHANGE IN WORK IN PROCESS ON NONFARM 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 noncorporate corporate multi-family units NONCORPORATE BUSINESS CORPORATE BUSINESS REITS NONRES. PLANT ♦ EQUIPMENT NONPROFIT INST.(HH) FARM NONFARM NONCORP. BUSINES FINANCIAL CORPORATIONS NONFINANCIAL CORPORATION INVENTORIES farm NONFARM noncorporate corporatf 31 NET EXPORTS EXPORTS 32 IMPORTS 33 34 disposable personal income 35 PERSONAL SAVING 36 SAVING RATE (PERCENT) 37 FEDERAL GOVERNMENT SURPLUS 38 STATE ♦ LOCAL SOVT. SURPLUS 39 40 41 42 43 44 45 46 47 TAX ACCRUALS - TOTAL FARMS FINANCIAL CORPORATIONS NONFINANCIAL 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 3.290 20.809 26.324 64 3.445 22.815 28.345 70 4.040 24.235 44 45 46 47 48 49 50 51 52 DIVIDENDS - TOTAL FARMS NET FOREIGN FINANCIAL CORPORATIONS NONFINANCIAL CORPORATIONS 10.478 30 509 564 9.375 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 14.942 48 49 50 51 52 53 54 55 56 57 58 59 60 UNDIST. PROFITS - TOTAL FARMS FOREIGN BRANCH PROFITS FINANCIAL CORPORATIONS NONFINANCIAL CORPORATIONS ♦ INVENTORY VAL. ADJ. ♦ BRANCH PROFITS a NONFIN. CORPS.* NET 16.513 -25 1.070 2.628 12.840 -1.733 1.070 12.177 15.877 -23 1.218 2.724 11.958 -2.693 1.218 10.483 14.233 -28 1.252 2.450 10.559 -1.539 1.252 10.272 10.761 -27 1.032 2.468 7.288 -255 1.032 8.065 15.882 -24 978 3.337 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 1.769 17.766 53 54 55 56 57 58 59 60 31.473 61 TOTAL CAPITAL CONSUMPTION OWNER-OCCUPIED HOMES (HH) 3.476 62 NONPROFIT INST. (HH) 545 63 FARM NONCORPORATE 3.626 64 6.424 65 NONFARM NONCORPORATE BUS. 17.402 66 TOTAL CORPORATE 341 FINANCIAL BUSINESS 67 CORPORATE FARMS 68 74 NONFINANCIAL CORPORATIONS 16.987 69 MEMO! CAP. CONS. ON CONSUMER DURABLES NOT INCLUDED ABOVE 70 29.729 61.202 TOT CAP. CONS. INCL DURABLES 71 34.070 3.810 587 3.649 7.124 18.900 384 72 18.444 37.088 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 21.424 41.377 4.900 789 4.121 8.056 23.511 534 107 22.870 43.406 5.257 842 4.111 8.290 24.906 604 124 24.178 45.243 5.607 895 4.062 8.440 26.239 655 147 25.437 49.969 5.960 968 4.174 8.801 30.066 726 158 29.182 52.598 6.359 1.045 4.279 9.168 31.747 796 180 30.771 56.077 6.789 1.110 4.476 9.845 33.857 917 189 32.751 61 62 63 64 65 66 67 68 69 33.030 67.100 35.880 72.968 37.328 76.264 38.806 80.183 40.218 83.624 41.309 86.552 42.853 92.822 45.014 97.612 48.030 104,107 70 71 2.124 -1.114 32 1.581 -803 -997 -708 512 -280 -1.307 72 44.470 11.433 44.378 11.960 44.941 12.127 46.033 11.725 45.413 12.049 46.330 12.697 45.887 12.569 43.638 12.957 44.315 13.080 42.439 11.933 73 74 72 STATISTICAL DISCREPANCY 73 PROFIT TAX RATE (#) 74 PERSONAL TAX HATE (%) MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST* 1973 INCOME AND PRODUCT DISTRIBUTION INCOME AND PRODUCT DISTRIBUTION INCOME AND PRODUCT ACCOUNTS: GNP EXPENDITURES AND GROSS SAVING ANNUAL FLOWS* 1965-72 ANNUAL FLOWS* 1965-72 1965 1966 1967 1968 1969 1970 1971 1972 1 684.884 749.857 793.927 864.202 930.286 977.078 1055.450 1155.154 2 3 4 5 6 569.844 43?.839 66.308 70.108 66.897 623.147 466.334 70.752 79.040 77.773 672.159 492.066 73.120 89.387 90.706 735.739 536.178 84.032 100.793 98.768 789.425 579.460 90.790 111.184 98.781 837.174 617.643 91.297 123.349 96.182 901.446 667.150 103.491 136.229 98.067 1973 1974 TOTAL GNP 1 981.490 726.506 117.409 150.538 104.446 CURRENT OUTLAYS HOUSEHOLDS OF WHICH CONSUMER DURABLES STATE AND LOCAL GOVERNMENT U. S. government 2 3 4 5 6 GROSS DOMESTIC INVESTMENT 7 108.139 121.430 116.555 125.974 138.951 136.275 153.196 178.274 8 9 10 11 12 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 30.074 22.178 21.091 549 131.146 32.637 22.083 21.960 643 131.747 31.179 20.508 19.627 478 147.131 42.720 29.791 26.849 555 172.253 54,017 36.408 34.305 561 13 14 15 185 93 92 -1.191 -596 -595 1.401 701 700 538 269 269 -520 -260 -260 403 202 201 2.387 1.194 1.193 1.542 771 771 16 17 18 19 7.425 5.490 1.935 0 6.751 5.060 1.691 0 6.092 4.540 1.552 0 7.896 5.943 1.836 117 10.554 7.269 3.170 115 10.671 7.471 3.118 82 12.929 9.051 3.745 133 17.609 12.330 4.908 371 20 21 22 23 24 25 71.291 4.145 4,850 8.628 1.321 52.347 81.586 4.504 5.421 9.067 1.544 61.050 83.299 4.514 6.011 9.288 1.613 61.873 88.835 4.535 5.673 9.848 2.301 66.478 98.509 5.089 5,899 10.571 2.911 74.039 100.568 5.254 6.345 10.635 3.270 75.064 104.411 5.596 6.453 11.477 4.053 76.832 118.236 6.051 7.593 12.201 4.202 88.189 26 27 28 29 30 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 4.528 222 4,306 -1.360 5.666 6.065 1.581 4.484 -490 4.974 6.021 420 5.601 -1.192 6.793 31 32 33 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 3.629 62.918 59.289 808 66.288 65.480 -4.610 73.462 78.072 34 35 36 473.240 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 6.023 691,699 56.201 8.125 745.970 60.159 8.064 37 38 1.231 962 -215 1 .266 -12.377 -1.553 -6.484 -346 8.122 685 -11.901 1.758 39 40 41 42 43 77.787 150 3.270 8.694 65.673 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 44 45 46 47 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 48 49 50 51 52 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 53 54 55 56 57 58 59 60 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 61 62 63 64 65 66 67 68 69 59.764 7.143 1.193 4.779 10.243 36.406 978 202 35.226 70 71 51.517 111.281 PVT. FIXED INVESTMENT RESIDENTIAL CONSTRUCTION 1-4 family structures HOUSEHOLD PURCHASES FARM CHANGE IN WORK IN PROCESS ON NONFARM noncorporate CORPORATE multi-family units noncorporate business 7 8 9 10 11 12 13 14 15 CORPORATE BUSINESS REITS 16 17 18 19 NONRES. PLANT ♦ EQUIPMENT NONPROFIT INST.(HH) FARM NONFARM NONCORP. BUSINES FINANCIAL CORPORATIONS NONFINANCIAL CORPORATION 20 21 22 23 24 25 INVENTORIES FARM NONFARM NONCORPORATE CORPORATE 26 27 28 29 30 NET EXPORTS EXPORTS IMPORTS 31 32 33 796.956 49.744 6.241 DISPOSABLE PERSONAL INCOME PERSONAL SAVING SAVING RATE (PERCENT) 34 35 36 -22.194 4.044 -15.892 13.132 FEDERAL GOVERNMENT SURPLUS STATE ♦ LOCAL GOVT. SURPLUS 37 38 74.041 11 4.691 13.605 55.734 85.053 89 5.764 15.210 63.990 98.037 104 6.249 17.526 74.158 40,060 90 6,360 33.610 34.789 77 7.207 27.505 37.444 89 7.788 29.567 42.687 98 7.672 34.917 TAX ACCRUALS - TOTAL FARMS FINANCIAL CORPORATIONS NONFINANCIAL 44 45 46 47 23,552 52 1.496 1.203 20.801 24.331 50 2.028 1.563 20.690 24.680 29 2.360 2.338 19.953 25.142 48 2.854 2.013 20.227 26.041 48 2.778 2.069 21.146 DIVIDENDS - TOTAL FARMS NET FOREIGN FINANCIAL CORPORATIONS NONFINANCIAL CORPORATIONS 48 49 50 51 52 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 14.572 -95 2.331 4,060 8,276 -4.801 2.331 5.806 22.467 -48 2.910 5.409 14.196 -4.920 2.910 12.186 29.309 -42 3.471 7,785 18.095 -6.917 3.471 14.649 UNDIST, PROFITS - TOTAL FARMS FOREIGN BRANCH PROFITS FINANCIAL CORPORATIONS NONFINANCIAL CORPORATIONS ♦ INVENTORY VAL. ADU. ♦ BRANCH PROFITS = NONFIN. CORPS.* NET 53 54 55 56 57 58 59 60 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 1.818 321 49.790 87.254 8.997 1.698 6.031 14.559 55.969 1.980 360 53.629 93.832 9.412 1.806 6,455 15.766 60.393 2.336 371 57.686 102.356 10.176 1.929 7.023 17,325 65.903 2.687 398 62.818 55.601 119.549 60,686 129.579 67.373 141.876 74,559 156.122 80.743 167.997 87.476 181.308 93.775 196.131 CORPORATE PROFITS* TAXES. AND DIVIDENDS: PROFITS - TOTAL FARMS FOREIGN FINANCIAL CORPORATIONS NONFINAN. CORPORATIONS TOTAL CAPITAL CONSUMPTION OWNER-OCCUPIED HOMES (HH) NONPROFIT INST. (HH, FARM NONCORPORATE nonfarm noncorporate BUS. TOTAL CORPORATE FINANCIAL BUSINESS CORPORATE FARMS NONFINANCIAL CORPORATIONS MEMO: CAP. CONS. ON CONSUMER DURABLES NOT INCLUDED ABOVE TOT CAP. CONS. INCL DURABLES 39 40 41 42 43 61 62 63 64 65 66 67 68 69 70 71 72 -3.119 -1.011 -654 -2.734 -6.054 -6.394 -2.982 -1.812 STATISTICAL DISCREPANCY 72 73 74 40.271 12.182 40.702 12.834 41.567 13.187 45.481 14.214 47.182 15.518 46.986 14.424 44.02* 13.612 43.541 15.141 PROFIT TAX RATE (») PERSONAL TAX RATE (») 73 74 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS AUGUST. 1973 CREDIT MARKET SUMMARY CREDIT MARKET SUMMARY TOTAL FUNDS RAISED IN CREDIT MARKETS BY NONFINANCIAL SECTORS ANNUAL FLOWS. 1946-54 ANNUAL FLOWS. 1946-54 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 I. FUNDS RAISED, BY TYPE AND SECTOR 1 2 TOTAL FUNDS RAISED BY NONFINANCIAL SECTORS EXCLUDING EQUITIES 3 U. S. GOVERNMENT 4 PUBLIC DEBT SECURITIES 5 BUDGET AGENCY ISSUES 6 ALL OTHER NONFIN. StCTORS CORPORATE EQUITY SHARES 7 DEBT INSTRUMENTS 8 9 10 11 12 13 14 15 16 DEBT CAPITAL INSTRUMENTS S. ♦ L. GOVERNMENT SEC. CORPORATE ♦ FGN. BONDS 17 18 19 20 21 OTHER PRIVATE CREDIT BANK LOANS N.E.C. CONSUMER CREDIT -4.412 -5.415 16.867 15.784 14.016 12.990 17.520 16.262 25.746 24.375 24.404 22.486 32.670 30.344 29.520 27.842 27.540 25.815 1 2 -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 3 4 5 19.037 1.003 18.034 24.098 1.083 23.015 19.725 1.026 18.699 14.943 1.258 13.685 26.925 1.371 25.554 24.842 1.918 22.924 27.786 2.326 25.460 22.475 1.678 20.797 25.119 1.725 23.394 6 7 8 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 17.381 3.684 4.711 8.986 6.658 839 904 585 17.363 4.269 3.244 9.850 7.544 640 1.165 501 21.645 6.082 3.429 12.134 9.336 544 1.745 509 9 10 11 12 13 14 15 16 10,982 5.006 2.719 115 3.142 11.733 4.042 3.214 69 4.408 4.911 291 2.849 -8 1.779 1.773 -1.977 2.917 9 824 10.254 5.005 4.107 167 975 7.758 4.975 1.241 158 1.384 8.079 1.675 4.801 64 1.539 3.434 -950 3.873 152 359 1.749 359 1.071 429 -110 17 18 19 20 21 mortgages HOME MORTGAGES OTHER RESIDENTIAL commercial FARM open-markft paper OTHER 22 23 24 25 26 27 28 29 30 BY BORROWING SECTORDEBT INSTRUMENTS FOREIGN STATE ♦ LOCAL GOVERNMENTS HOUSEHOLDS NONFINANCIAL BUSINESS FARM NONFARM NONCORPORATE CORPORATE 19.037 18.034 3.413 47 7.117 7.457 363 1.338 5.756 24.098 23.015 4.388 1.431 7.826 9.370 468 1.386 7.516 19.725 18.699 1.284 2.239 8.736 6.440 658 495 5.287 14.943 13.685 285 2.497 7.867 3.036 392 699 1.945 26.925 25.554 211 3.399 13.338 8.606 1.058 1.660 5.888 24.842 22.924 547 2.439 9.529 10.409 1.287 1.006 8.116 27.786 25.460 431 4.006 12.348 8.675 790 938 6.947 22.475 20.797 51 3.905 12.497 4.344 -100 525 3.919 25.119 23.394 178 5.747 11.053 6.416 772 829 4.815 22 23 24 25 26 27 28 29 30 31 32 33 CORPORATE EQUITIES FOREIGN NONFINANCIAL CORPORATIONS 1.003 0 1.003 1.083 -15 1.098 1.026 15 1.011 1.258 -18 1.276 1.371 24 1.347 1.918 76 1.842 2.326 80 2.266 1.678 -51 1.729 1.725 256 1.469 31 32 33 3.413 8.460 6.759 4.373 10.468 8.614 1.299 7.451 6.298 267 4.312 3.221 235 9.953 7.235 623 12.251 9.958 491 10.941 9.213 0 6.073 5.648 434 7.885 6.284 34 35 36 -22.104 37 MEMO: U.S.GOVT. CASH BALANCE TOTALS NET OF CHANGES IN U.S. GOVT. CASH BALANCES — 17.692 38 TOTAL FUNDS RAISED BY U.S. GOVERNMENT -1.345 39 -2.114 1.243 483 -429 197 1.797 -1.356 306 37 18.981 -5.117 12.773 -6.952 17.037 2.094 26.175 -750 24.207 -635 30.873 3.087 30.876 8.401 27.234 2.115 38 39 34 35 36 TOTALS INCLUDING EQUITIES FOREIGN NONFINANCIAL BUSINESS CORPORATE PRIVATE DOMESTIC NET INVESTMENT AND BORROWING 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 23 24 25 26 TOTAL, HOUSEHOLDS AND BUSINESS TOTAL CAPITAL OUTLAYS (1) CAPITAL CONSUMPTION (2) NET PHYSICAL INVESTMENT NET FUNDS RAISED EXCESS NET INVESTMENT (3) TOTAL BUSINESS TOTAL CAPITAL OUTLAYS CAPITAL CONSUMPTION NET PHYSICAL INVESTMENT 46.413 19.779 26.634 54.129 25.032 29.097 68.338 29.969 38.369 59.958 34.009 25.949 84.164 38.462 45.702 88.557 45.144 43.413 80.710 48.729 31.981 85.409 52.273 33.136 83.907 55.748 28.159 1 2 3 15.577 11.057 18.294 10.803 16.187 22.182 12.179 13.770 23.291 22.411 21.780 21.633 23.289 8.692 18.570 14.566 18.938 9.221 4 5 24.658 8.269 16.389 24.753 10.472 14.281 32.516 12.572 19.944 23.352 14.405 8.947 36.622 15.922 20.700 41.610 18.377 23.233 34.727 20.120 14.607 34.480 22.232 12.248 32.439 24.213 8.226 6 7 8 7.457 1.003 7.929 9.370 1.098 3.813 6.440 1.011 12.493 3.036 1.276 4.635 8.606 1.347 10.747 10.409 1.842 10.982 8.675 2.266 3.666 4.344 1.729 6.175 6.416 1.469 341 9 10 11 17.864 4.570 13.294 17.160 5.698 11.462 20.204 6.839 13.365 15.225 7.774 7.451 24.015 8.604 15.411 29.816 10.012 19.804 24.318 11.205 13.113 24.516 12.856 11.660 21.500 14.601 6.899 12 13 14 5.756 1.003 6.535 7.516 1.098 2.848 5.287 1.011 7.067 1.945 1.276 4.230 5.888 1.347 8.176 8.116 1.842 9.846 6.947 2.266 3.900 3.919 1.729 6.012 4.815 1.469 615 15 16 17 21.755 11.510 10.245 29.376 14.560 14.816 35.822 17.397 18.425 36.606 19.604 17.002 47.542 22.540 25.002 46.947 26.767 20.180 45.983 28.609 17.374 50.929 30.041 20.888 51.468 31.535 19.933 18 19 20 7.117 3.128 7.826 6.990 8.736 9.689 7.867 9.135 13.338 11.664 9.529 10.651 12.348 5.026 12.497 8.391 11.053 8.880 21 22 449 3.068 54 443 2.568 4.318 161 57 5.478 4.287 381 457 4.919 4.113 503 400 6.303 6.091 574 1.304 6.408 4.265 586 608 6.379 -1.222 479 610 5.828 2.522 501 460 5.060 3.801 720 701 23 24 25 26 NET DEBT FUNDS RAISED CORPORATE EQUITY ISSUES EXCESS NET INVESTMENT (3) CORPORATE BUSINESS TOTAL CAPITAL OUTLAYS CAPITAL CONSUMPTION NET PHYSICAL INVESTMENT NET DEBT FUNDS RAISED CORPORATE EQUITY ISSUES EXCESS NET INVESTMENT (3) HOUSEHOLDS TOTAL CAPITAL OUTLAYS CAPITAL CONSUMPTION NET PHYSICAL INVESTMENT NET FUNDS RAISED EXCESS NET INVESTMENT (3) OF WHICH: HOUSES LESS HOME MTGS. DURABLES LES9 CONS. CREDIT NONPROFIT P&E LESS MTGS. LESS—UNALLOCATED DEBT (1,CAPITAL OUTLAYS ARE TOTALS FOR RESIDENTIAL AND NONRESIDENTIAL FIXED CAPITAL. NET CHANGE IN INVENTORIES, AND CONSUMER DURABLES, EXCEPT OUTLAYS BY FINANCIAL BUSINESS. (2) CAPITAL CONSUMPTION INCLUDES AMOUNTS FOR CONSUMER DURABLES AND EXCLUDES FINANCIAL BUSINESS CAPITAL CONSUMPTION. (3) EXCESS OF NET INVESTMENT OVER NET FUNDS RAISED. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST* 1973 CREDIT MARKET SUMMARY CREDIT MARKET SUMMARY TOTAL FUNDS RAISED IN CREDIT MARKETS BY NONFINANCIAL SECTORS ANNUAL FLOWS* 1955-64 1955 ANNUAL FLOWS* 1955-64 1956 1957 1958 1959 I. FUNDS RAISED* By 1960 1961 1962 1963 1964 TYPE AND SECTOR TOTAL FUNDS RAISED BY NONFINANCIAL SECTORS EXCLUDING EQUITIES 1 2 U. S. GOVERNMENT PUBLIC DEBT SECURITIES BUDGET AGENCY ISSUES 3 4 5 ALL OTHER NONFIN. SECTORS CORPORATE EQUITY SHARES OEBT INSTRUMENTS 6 7 8 1 2 38.052 36.038 29,802 27.473 30.463 28.054 41.779 39.523 52.856 50.552 37.569 35.987 46.465 43.924 53.506 53.082 57.662 58.137 67.831 66.359 3 4 5 -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 6 7 8 38.840 2.014 36.826 35.600 2.329 33.271 32.702 2.409 30.293 32.465 2.256 30.209 45.767 2,304 43.463 39.620 1.582 38.038 39.254 2.541 36.713 46,489 424 46.065 53.683 -475 54.158 61.558 1.472 60.086 9 10 11 12 13 14 15 16 24.016 5.276 2.643 16.097 12.449 825 2.048 775 22.102 3.591 3.925 14.586 10.777 574 2.421 814 23.001 4.247 6.752 12.002 8.551 451 2.438 562 26.606 5.498 6.601 14.507 9.329 1.518 2.948 712 28,312 6.280 3.428 18.604 12.720 1.820 3.072 992 25.042 5.280 4.033 15.729 10.135 1.681 3.176 737 28.959 5.085 5.077 18.797 11.121 2.614 3.983 1.079 32.585 5.358 5.544 21.683 12.779 2.836 4.792 1.276 35.686 5.723 4.906 25.057 15.114 3.243 5,071 1.629 36.579 6,001 4.461 26.117 15.649 4.523 3.825 2.120 DEBT CAPITAL INSTRUMENTS S. ♦ L. GOVERNMENT SEC. CORPORATE ♦ FGN. BONDS MORTGAGES HOME MORTGAGES OTHER RESIDENTIAL COMMERCIAL FARM 9 10 11 12 13 14 15 16 17 18 19 20 21 12.810 5.641 6.366 -400 1.203 11.169 6.449 3.504 341 875 7.292 2.099 2.637 384 2.172 3.603 1.541 158 123 1.781 15.151 6,438 6.415 -386 2.684 12.996 3.428 4.597 1.330 3.641 7.754 2.843 1.841 981 2.089 13.480 4.721 5.839 71 2.849 18.472 6.278 7.918 10 4,266 23.507 9.107 8.529 652 5.219 OTHER PRIVATE CREDIT BANK LOANS N.E.C. CONSUMER CREDIT 17 18 19 20 21 22 23 24 25 26 27 28 29 30 38.840 36.826 177 5.288 19.735 11.626 1.441 1.731 8.454 35.600 33.271 863 3.659 16.114 12.635 859 1.116 10.660 32.702 30.293 1.333 4.398 12.875 11.687 1.057 958 9.672 32.465 30.209 2.000 5.678 11.013 11.518 1.364 1.512 8.642 45.767 43.463 739 6.465 21.455 14.804 1.932 2.366 10.506 39.620 38.038 1.756 5.485 17.734 13.063 1.031 1.589 10.443 39.254 36.713 2.156 5.311 15.299 13.947 1.593 2.299 10.055 46.489 46.065 1.848 5.862 20.794 17.561 2.298 3.218 12.045 53.683 54.158 3.645 5,956 24.756 19.801 2.550 4,535 12.716 61.558 60.086 4.920 6.262 27.818 21.086 2.603 5.289 13.194 BY BORROWING SECTORDEBT INSTRUMENTS FOREIGN STATE ♦ LOCAL GOVERNMENTS HOUSEHOLDS FARM NONFARM NONCORPORATE CORPORATE 22 23 24 25 26 27 28 29 30 31 32 33 2.014 173 1.841 2,329 111 2.218 2.409 35 2.374 2.256 332 1.924 2.304 195 2.109 1.582 86 1.496 2.541 325 2.216 424 -25 449 -475 111 -586 1.472 210 1.262 CORPORATE EQUITIES FOREIGN NONFINANCIAL CORPORATIONS 31 32 33 34 35 36 350 13.467 10.295 974 14.853 12.878 1.368 14.061 12.046 2.332 13.442 10.566 934 16.913 12.615 1.842 14.559 11.939 2.481 16.163 12.271 1.823 18.010 12,494 3.756 19.215 12.130 5.130 22.348 14.456 37 -674 52 162 177 612 839 48 38 39 38.726 -114 29.750 -5.850 30.301 -2.401 41.602 9.137 52.244 6.477 36.730 -2.890 46.417 7.163 open-market paper OTHER nonfinancial business TOTALS INCLUDING EQUITIES FOREIGN nonfinancial business CORPORATE -355 MEMO: U.S.GOVT. CASH BALANCE 1.287 165 TOTALS NET OF changes IN U.S. GOVT. CASH BALANCES— 52.219 58.017 TOTAL FUNDS RAISED 67.666 4.334 BY U.S. GOVERNMENT 6.108 5.730 34 35 36 37 38 39 PRIVATE DOMESTIC NET INVESTMENT ANO BORROWING I-N CREDIT MARKETS 1 2 3 106.266 60.861 45.405 108.184 66.716 41.468 107.782 72.533 35.249 97.916 75.774 22.142 118,582 79.649 38.933 119.308 83.020 36.288 114.837 85.897 28.940 131.562 92.096 39.466 139.702 96.816 42.886 151.974 103.190 48.784 TOTAL* HOUSEHOLDS AND BUSINESS TOTAL CAPITAL OUTLAYS (1) CAPITAL CONSUMPTION (2) NET PHYSICAL INVESTMENT 1 2 3 4 5 33.202 12.203 30.967 10.501 26.936 8.313 24.455 -2.313 38.368 565 32.293 3.995 31.462 -2.522 38.804 662 43.971 -1.085 50.166 -1.382 NET FUNDS RAISED EXCESS NET INVESTMENT (3, 4 5 6 7 8 43.633 27.111 16.522 46.982 29.289 17.693 46.562 31.774 14.788 40,259 33.148 7.111 50.313 35.154 15.159 51.492 36.703 14.789 50.108 38.086 12.022 60,094 42.315 17.779 63.392 44.398 18,994 69.733 47.261 22.472 9 10 11 11.626 1.841 3.055 12,635 2.218 2.840 11.687 2.374 727 11.518 1.924 -6.331 16,804 2.109 -1.754 13.063 1.496 230 13.947 2.216 -4.141 17.561 449 -231 19,801 -586 -221 21,086 1.262 124 12 13 14 31.323 16.987 14.336 35.730 18.444 17.286 34.481 20.300 14.181 27.028 21.424 5.604 36,666 22.870 13.796 38.745 24.178 14.567 36.333 25.437 10.896 43.636 29.182 14.454 45.167 30.771 14.396 51.625 32.751 18.874 15 16 17 8,454 1.841 4.041 10.660 2.218 4,408 9.672 2.374 2.135 8.642 1.924 -4.962 10.506 2.109 1.181 10.443 1.496 2.628 10.055 2.216 -1.375 12.045 449 1.960 12.716 -586 2.266 13.194 1.262 4.418 18 19 20 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 23.774 67.816 46.317 21.499 64.729 47.811 16.918 71.468 49.781 21.687 76.310 52.418 23.892 82.241 55.929 26.312 21 22 19.735 9.148 16.114 7.661 12.875 7.586 11.013 4.018 21.455 2.319 17.734 3.765 15.299 1.619 20.794 893 24.756 -864 27.818 -1.506 23 24 25 26 5.459 3.544 688 543 5.169 2.386 812 706 5.069 2.278 936 697 3.828 395 987 1.192 3.913 -915 987 1,666 3.679 479 1.096 1.489 1.047 1.030 1.185 1.643 48 848 1.292 1.295 -2.113 996 1.364 1.111 -3.439 2.678 1.518 2.263 TOTAL BUSINESS TOTAL CAPITAL OUTLAYS CAPITAL CONSUMPTION NET PHYSICAL INVESTMENT NET DEBT FUNDS RAISED CORPORATE EQUITY ISSUES EXCESS NET INVESTMENT (3) CORPORATE BUSINESS TOTAL CAPITAL OUTLAYS CAPITAL CONSUMPTION NET PHYSICAL INVESTMENT NET DEBT FUNDS RAISED CORPORATE EQUITY ISSUES EXCESS NET INVESTMENT (3) HOUSEHOLDS TOTAL CAPITAL OUTLAYS CAPITAL CONSUMPTION NET PHYSICAL INVESTMENT NET FUNDS RAISED EXCESS NET INVESTMENT (3) OF which: HOUSES LESS HOME MTGS. DURABLES LESS CONS. CREDIT NONPROFIT PAE LESS MTGS. LESS—UNALLOCATED OEBT (l)CAPlTAL OUTLAYS ARE TOTALS FOR RESIDENTIAL AND NONRESIDENTIAL FIXEO CAPITAL* NET CHANGE IN INVENTORIES* ANO CONSUMER DURABLES* EXCEPT OUTLAYS BY FINANCIAL BUSINESS. (2)CAPITAL CONSUMPTION INCLUDES AMOUNTS FOR CONSUMER DURABLES AND EXCLUDES FINANCIAL BUSINESS CAPITAL CONSUMPTION. (3)EXCESS OF NET INVESTMENT OVER NET FUNDS RAISED. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS' 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 AUGUST. 1973 CREOIT MARKET SUMMARY CREDIT MARKET SUMMARY TOTAL FUNDS RAISED IN CREDIT MARKETS BY NONFINANCIAL SECTORS ANNUAL FLOWS. 1965-72 ANNUAL FLOWS. 1965-72 1965 1966 . 1967 1968 1969 1970 1971 1972 1973 1974 I. FUNDS RAISED. BY TYPE AND SECTOR 1 2 TOTAL FUNDS RAISED BY NONFINANCIAL SECTORS EXCLUDING EQUITIES 69.859 69.622 67.739 66.893 82.229 79.985 94.594 95.948 91.370 87.959 97.456 92.552 146.698 134.970 166.115 156.131 1 2 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 25.500 26.023 -523 17.317 13.919 3.398 3 4 5 68.091 237 67.854 64.106 846 63.260 69.224 2.244 66.980 81.196 -1.354 82.550 95.016 3.411 91.605 84.654 4.904 79.750 121.198 11.728 109.470 148.798 9.984 138.814 6 7 8 3 U. S. government 4 PUBLIC DEBT SECURITIES BUDGET AGENCY ISSUES 5 6 ALL OTHER NONFIN. SECTORS CORPORATE EQUITY SHARES 7 8 DEBT INSTRUMENTS 9 10 11 12 13 14 15 16 DEBT CAPITAL INSTRUMENTS S. ♦ L. GOVERNMENT SEC. CORPORATE ♦ FGN. BONDS MORTGAGES HOME MORTGAGES OTHER RESIDENTIAL COMMERCIAL FARM 38.845 7.345 5.852 25.648 15.382 3.618 4.415 2.233 38.901 5.647 10.959 22.295 11.698 3.124 5.691 1.782 45.689 7.769 15.874 22.046 11.491 3.603 4.676 2.276 50.592 9.516 13.977 27.099 15.055 3.370 6.432 2.242 50.612 9.927 13.003 27.682 15.656 4.739 5.345 1.942 57.686 11.327 20.630 25.729 12.805 5.824 5.325 1.775 83.184 16.626 19.747 46.811 26.048 8.773 9.979 2.011 92.429 11.930 13.213 67.286 39.657 10.268 14.781 2.5g0 9 10 11 12 13 14 15 16 17 18 19 20 21 OTHER PRIVATE CREDIT BANK LOANS N.E.C. CONSUMER CREDIT 29.009 14.070 9.615 -321 5.645 24.359 10.745 6.355 1.036 6.223 21.291 9.499 4.545 2.126 5.121 31.958 13.127 9.987 1.621 7.223 40.993 15.266 10.376 3.334 12.017 22.064 6.355 6.017 3.765 5.927 26.286 9.313 11.231 -894 6.636 46.385 21.777 19.170 -1.565 7.003 17 18 19 20 21 open-markft paper OTHER 22 23 24 25 26 27 28 29 30 BY BORROWING SECTOR— DEBT INSTRUMENTS FOREIGN STATE ♦ LOCAL GOVERNMENTS HOUSEHOLDS NONFINANCIAL BUSINESS FARM NONFARM NONCORPORATE CORPORATE 68.091 67.854 2.243 7.658 28.411 29.542 3.290 5.747 20.505 64.106 63.260 1.566 6.274 22.616 32.804 3.110 5.417 24.277 69.224 66.980 3.967 7.944 19.044 36.025 3.622 4.956 27.447 81.196 82.550 2.912 9.826 29.625 40.187 2.832 5.560 31.795 95.016 91.605 2.857 10.673 32.183 45.892 3.176 7.357 35.359 84.654 79.750 2.969 11.404 22.914 42.463 3.249 5.272 33.942 121.198 109.470 5.698 16.991 38.320 48.461 4.098 8.696 35.667 148.798 138.814 3.844 12.275 63.216 59.479 4.857 10.382 44.240 22 23 24 25 26 27 28 29 30 31 32 33 CORPORATE EQUITIES FOREIGN NONFINANCIAL CORPORATIONS 237 298 -61 846 -253 1.099 2.244 50 2.194 -1.354 155 -1.509 3.411 467 2.944 4.904 68 4.836 11.728 27 11.701 9.984 -412 10.396 31 32 33 2.541 29.481 20.444 1.313 33.903 25.376 4.017 38.219 29.641 3.067 38,678 30.286 3.324 48.836 38.303 3.037 47.299 38.778 5.725 60.162 47.368 3.432 69.875 54.636 34 35 36 -399 37 MEMO: U.S.GOVT. CASH BALANCE -1.011 TOTALS NET OF CHANGES IN U.S. GOVT. CASH BALANCES— 68.138 70.870 38 TOTAL FUNDS RAISED 4.032 BY U.S. GOVERNMENT 39 2.779 1.164 -1.135 401 2.754 3.194 499 37 81.065 11.841 95.729 14.533 90.969 -4.047 94.702 10.048 143.504 22.306 165.616 16.818 36 39 34 35 36 TOTALS INCLUDING EQUITIES FOREIGN NONFINANCIAL BUSINESS CORPORATE PRIVATE DOMESTIC NET INVESTMENT AND BORROWING 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 23 24 25 26 TOTAL. HOUSEHOLDS AND BUSINESS TOTAL CAPITAL OUTLAYS <1> CAPITAL CONSUMPTION (2) NET PHYSICAL INVESTMENT NET FUNOS RAISED EXCESS NET INVESTMENT (3, TOTAL BUSINESS TOTAL CAPITAL OUTLAYS CAPITAL CONSUMPTION NET PHYSICAL INVESTMENT NET DEBT FUnoS RAISED CORPORATE EQUITY ISSUES EXCESS NET INVESTMENT (3) CORPORATE BUSINESS TOTAL CAPITAL OUTLAYS CAPITAL CONSUMPTION NET PHYSICAL INVESTMENT NET DEBT FUNOS RAISED CORPORATE EQUITY ISSUES EXCESS NET INVESTMENT (3) HOUSEHOLDS TOTAL CAPITAL OUTLAYS CAPITAL CONSUMPTION NET PHYSICAL INVESTMENT NET FUNDS RAISED EXCESS NET INVESTMENT (3) OF which: HOUSES LESS HOME MTGS. DURABLES LESS CONS. CREDIT NONPROFIT PAF LESS MTGS. LESS—UNALLOCATED DEBT 173.126 110.303 62.823 190.638 118.466 72.170 188.062 128.362 59.700 207.588 140.388 67.200 226.715 154.304 72.411 224.220 166.017 58.203 252.501 178.972 73.529 291.110 193.444 97.666 1 2 3 57.892 4.931 56.519 15.651 57.263 2.437 68.303 -1.103 81.019 -8.608 70.213 -12.010 98.482 -24.953 133.091 -35.425 4 5 83.576 50.450 33.126 96.441 54.162 42.279 93.427 58.452 34.975 97.930 63.231 34.699 108.876 69.470 39.406 108.042 74.579 33.463 116.565 80.278 36.287 133.345 87.564 45.781 6 7 6 29.542 -61 3.645 32.804 1.099 8.376 36.025 2.194 -3.244 40.187 -1.509 -3.979 45.892 2.944 -9.430 42.463 4.836 -13.836 48.461 11.701 -23.875 59.479 10.396 -24.094 9 10 11 62.281 35.226 27.055 76.519 38.202 38.317 71.377 41.463 29.914 75.006 45.104 29.902 83.670 49.790 33.880 84.049 53.629 30.420 86.744 57.686 29.058 100.661 62.818 37.843 12 13 14 20.505 -61 6.611 24.277 1.099 12.941 27.447 2.194 273 31.795 -1.509 -384 35.359 2.944 -4.423 33.942 4.836 -8.358 35.667 11.701 -18.310 44.240 10.396 -16.793 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 33.005 116.178 91.438 24.740 135.936 98.694 37.242 157.765 105.860 51.885 18 19 20 28.411 1.286 22.616 7.275 19.044 5.681 29.625 2.876 32.183 822 22.914 1.826 38.320 -1.078 63.216 -11.331 21 22 -3.280 5.176 1.777 2.387 -1.131 8.796 1.964 2.354 -1.214 7.889 1.940 2.934 -1.836 6.672 1.918 3.878 -2.796 5.855 2.222 4.459 -1.853 4.537 2.196 3.054 -6.701 4.784 2.573 1.734 -14.294 4.4ft4 2.701 4.202 23 24 25 26 (1) CAPITAL OUTLAYS ARE TOTALS FOR RESIDENTIAL AND NONRESIDENT!AL FIXED CAPITAL. NET CHANGE IN INVENTORIES. AND CONSUMER DURABLES. EXCEPT OUTLAYS BY FINANCIAL BUSINESS. (2) CAPITAL CONSUMPTION INCLUDES AMOUNTS FOR CONSUMER DURABLES AND EXCLUDES FINANCIAL BUSINESS CAPITAL CONSUMPTION. (3,EXCESS OF NET INVESTMENT OVER NET FUNDS RAISED. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST* 1973 CREDIT MARKET SUPPLY OF FUNDS CREDIT MARKET SUPPLY OF FUNDS DIRECT ANO INDIRECT SOURCES OF FUNOS TO CREDIT MARKETS 7 ANNUAL FLOWS. 1946-54 ANNUAL FLOWS* 1946-5* 1945 1 1946 1947 1948 1949 1950 1951 1952 1953 -5.415 15.784 12.990 16.262 24.375 22.486 30.344 27.842 1954 TOTAL FUNDS ADVANCED IN CREDIT MARKETS TO NONFINANCIAL SECTORS 25.815 1 BY PUBLIC AGENCIES AND FOREIGN 2 3 4 5 6 1.116 -1.630 -230 96 2.880 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 -431 -478 84 -85 48 7 8 9 10 2.831 79 -813 -981 4.288 195 -887 -633 1.376 357 913 439 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 11 295 116 275 -112 381 227 47 -3 -35 TOTAL NET ADVANCES U.S.GOVT. SECURITIES RESIDENTIAL MORTGAGES FHLB ADVANCES TO S*L’S OTHER LOANS ♦ SECURITIES BY AGENCY — U.S. GOVT. SPONSORED CREDIT AGENCIES FEDERAL RESERVE FOREIGN agency borrowing NOT IN LINE 1 2 3 4 5 6 7 8 9 10 11 PRIVATE DOMESTIC FUNDS ADVANCED 12 13 14 15 16 17 18 -6.236 -21.524 68 1.135 4.921 9.260 96 12.937 -5.603 1.412 2.741 5.643 8.875 131 10.180 -6.774 2.169 4.428 5.826 4.608 77 19.065 6.648 2.582 2.799 4.979 1.975 -82 20.496 -3.809 3.332 1.885 8.676 10.795 383 17.956 -3.214 2.178 3.566 7.222 8.305 101 26.732 2.900 3.684 4.675 7.023 8.403 -47 25.424 5.250 4.269 3.229 7.827 4.937 88 26.211 2.864 6.082 3.423 9.796 3.961 -85 TOTAL NET ADVANCES U.S.GOVT. SECURITIES MUNICIPAL SECURITIES CORPORATE ♦ FGN. BONDS RESIDENTIAL MORTGAGES OTHER MORTGAGES ♦ LOANS LESS—FHLB ADVANCES 12 13 14 15 16 17 18 PRIVATE FINANCIAL INTERMEDIATION— CREDIT MARKET 25.223 9.518 6.457 8,432 816 FUNDS ADVANCED BY PRIVATE FINANCIAL INSTITUTIONS COMMERCIAL BANKING SAVINGS INSTITUTIONS INSURANCE ♦ PENSION FUNDS OTHER FINANCE 19 20 21 22 23 784 -6.323 2.929 4.593 -415 10.343 3.220 2.560 4.613 -50 6.697 -2.597 2.252 5.480 1.562 14.701 5.869 2.510 5.281 1.041 17.126 6.524 3.271 6.005 1.326 15.656 6.658 2.971 5.781 246 23.667 8,629 4.978 7.549 2.511 19.966 3.699 5.811 8.618 1.838 24 25 26 784 13.519 776 10,343 7.346 813 6.697 596 1.132 14.701 3.044 885 17.126 7.582 1.014 15.656 10.915 549 23.667 11.121 1.372 19,966 9.496 1.669 25.223 13.996 532 27 28 29 30 31 -13.511 -541 -21.521 3.446 5.105 2.184 -398 .1.646 3.698 530 4.969 681 995 4.117 -824 10,772 294 733 4,107 5.638 7.730 612 -265 4.934 2.449 4.192 -163 553 5.091 -1.289 11.174 526 1.582 6.115 2.951 8.801 80 -795 6.710 2.806 10.693 842 26 6.767 3.058 32 33 34 35 36 37 -6.244 -7.492 -297 -929 48 2.426 3.407 1.325 440 -785 91 2.336 4.615 1.306 1.128 -62 126 2.117 5,249 2.979 1.037 -396 134 1.495 5.184 3.003 999 -787 -46 2.015 2.849 404 559 33 78 1.775 4.437 260 2.060 -13 140 1.990 7.127 3.146 2.197 -114 387 1.511 1.520 -2.531 2.656 -294 56 1,633 DIRECT LENDING IN CR, MARKETS U.S. GOVT. SECURITIES MUNICIPAL SECURITIES CORPORATE ♦ FGN. BONDS COMMERCIAL PAPER OTHER 32 33 34 35 36 37 38 39 40 41 42 13.779 6.492 0 3.774 2.718 7.092 3.606 0 1.348 2.258 190 2.533 0 554 1.979 2.383 2.820 0 294 2.526 7.564 2.591 0 155 2.436 11.857 5.020 0 1.917 3.103 12.292 7.914 0 2,872 5.042 10.085 8.612 0 2.847 5.765 13.769 9,936 0 3.284 6.652 DEPOSITS ♦ CURRENCY TIME ♦ SAVINGS ACCOUNTS LARGE NEGOTIABLE CD’S OTHER AT COMMERCIAL BANKS AT SAVINGS INSTITUTIONS 38 39 40 41 42 43 44 45 7.287 7.027 260 3.486 3.740 -254 -2.343 -1.937 -406 -437 224 -661 4.973 4.991 -18 6.837 5.895 942 4.378 3.207 1.171 1.473 884 589 3.833 4.062 -229 46 7.535 10,499 4.805 7.632 12.748 14.706 16.729 17.212 15,289 TOTAL OF CREDIT MARKET INSTR.* DEPOSITS ♦ CURRENCY 46 47 48 49 -20.609 -12.572 -1.522 18,772 79.948 -1.031 23.749 65.785 1.120 -17.925 77.109 688 17.476 83.557 1.855 21.155 87,190 -1*6 12.058 88.534 1.6*6 8.673 78.532 672 -1.669 96.230 1.27* PUBLIC SUPPORT RATE («) PVT.FIN.INTERMEDIATION («) TOTAL FOREIGN FUNDS 47 48 49 SOURCES OF FUNDS PRIVATE DOMESTIC DEPOSITS CREDIT MARKET BORROWING OTHER SOURCES FOREIGN FUNDS TREASURY BALANCES INSURANCE ♦ PENSION RES. OTHER* NET 19 20 21 22 23 24 25 26 27 28 29 30 31 PRIVATE DOMESTIC NONFINANCIAL INVESTORS----- MONEY DEMAND DEPOSITS CURRENCY 43 44 45 CORPORATE EQUITIES NOT INCLUDED ABOVE 1 2 3 1.393 282 1.111 1.380 209 1.171 1.204 96 1.108 1.616 327 1.289 1.728 239 1.489 2.406 297 2.109 3.032 531 2,501 2.288 408 1.880 2.581 522 2.059 TOTAL NET ISSUES MUTUAL FUND SHARES OTHER EQUITIES 1 2 3 4 5 338 1.055 415 965 361 843 878 738 990 738 727 1.679 1.448 1.584 1.298 990 1.747 834 ACQ. BY FINANCIAL INSTITUTIONS OTHER NET PURCHASES 4 5 MONEY AMOUNTS ARE IN MILLIONS OF OOLLARS. AUGUST* 1973 CREOIT MARKET SUPPLY OF FUNDS CREDIT MARKET SUPPLY OF FUNDS DIRECT 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 27.473 28.054 39.523 50.552 35.987 43.924 53.082 58.137 66.359 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 34.520 -905 5.276 2.589 12.914 15.196 550 25.176 -6.585 3.591 3.858 10.789 13.334 -189 27.411 -354 4.247 6.662 7.902 8.991 37 35.623 6.666 5.498 6.547 11.174 5.771 33 45.634 5.551 6.280 3.484 12.960 18.195 836 32.508 -3.179 5.280 3.954 11.219 15.081 -153 39.946 5.712 5.085 5.076 13.700 11.054 681 47.585 4.668 5.358 5.519 15.785 17.072 817 52.970 1.649 5.723 4.849 19.693 22.361 1.305 59.152 3.163 6.001 4.253 20.385 25.891 541 12 13 14 15 16 17 18 CREDIT MARKET FUNDS ADVANCED BY PRIVATE financial institutions 24.729 4.356 COMMERCIAL RANKING SAVINGS INSTITUTIONS 8.129 INSURANCE ♦ PENSION FUNDS 8.486 OTHER FINANCE 3.758 21.729 5.422 7.304 8.327 676 22.949 5.044 7.189 9.027 1.689 32.918 15.033 9.005 9.208 -328 29.210 4.812 10.714 9.952 3.732 32.424 9.135 9.485 9.632 4.172 38.263 15.278 11.910 9.973 1.102 48.045 19.013 14.013 11.226 3.793 50.286 17.577 17.364 11.745 3.600 56.882 22.723 16.183 12.742 5.234 19 20 21 22 23 24.729 10.855 4.633 21.729 10.980 418 22.949 11.135 1.183 32.918 20.341 -329 29.210 10.969 3.837 32.424 15.848 2.764 38.263 23.487 1.976 48.045 30.389 3.897 50.286 31.098 6.200 56.882 34.912 5.593 24 25 26 9.241 -181 -463 7.145 2.740 10.331 442 24 7.391 2.474 10.631 30 165 7.772 2.664 12.906 975 352 7.920 3.659 14.404 -660 800 8.864 5.400 13.812 1.178 895 8.169 3.570 12.800 1.295 1 8.297 3.207 13.759 524 1.212 8.750 3.273 12.988 1.489 -610 10.196 1.913 16.377 2.465 -38 11.181 2.769 27 28 29 30 31 1955 1 TOTAL FUNDS ADVANCED IN CREDIT markets TO NONFINANCIAL SECTORS 36.038 BY PUBLIC AGENCIES AND FOREIGN 2 TOTAL NET ADVANCES 3 U.S.GOVT. SECURITIES 4 RESIDENTIAL MORTGAGES FHLB ADVANCFS TO S*L’S 5 OTHER LOANS ♦ SECURITIES 6 BY AGENCY— U.S. GOVT. 7 8 SPONSORED CREDIT AGENCIES 9 FEDERAL RESFRVE FOREIGN 10 AGENCY BORROWING NOT IN LINE 1 11 PRIVATE DOMESTIC FUNDS ADVANCED 12 TOTAL NET ADVANCES U.S.GOVT. SECURITIES 13 14 MUNICIPAL SECURITIES 15 CORPORATE ♦ FGN. BONDS RESIDENTIAL MORTGAGES 16 17 OTHER MORTGAGES ♦ LOANS LESS—FHLB ADVANCES 18 PRIVATE FINANCIAL INTERMEDIATION—19 20 21 22 23 24 SOURCES OF FUNDS 25 PRIVATE 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, MARKETS U.S. GOVT. SFCURITIES 33 34 MUNICIPAL SECURITIES CORPORATE ♦ FGN. BONDS 35 36 COMMERCIAL PAPER OTHER 37 14.424 7.492 3.738 995 96 2.103 3.865 -2.183 2.475 938 142 2.493 5.645 25 1.898 1.065 114 2.543 2.376 -3.008 1.430 1.312 -265 2.907 20.261 13.098 3.986 282 -202 3.097 2.848 -5.285 3.239 645 1.665 2.584 3.659 -966 1.239 141 475 2.770 3.437 1.523 -897 -128 749 2.190 8.884 4.485 1.836 -10 854 1.719 7.863 1.121 2.428 89 2.236 1.989 32 33 34 35 36 37 38 DEPOSITS ♦ CURRENCY 39 TIME ♦ SAVINGS ACCOUNTS LARGE NEGOTIABLE CD’S 40 41 OTHER AT COMMERCIAL BANKS AT SAVINGS INSTITUTIONS 42 11.291 8.595 0 1.485 7.110 11.033 9.628 0 2.344 7.284 11.105 12.510 0 5.596 6.914 20.786 15.762 0 7.021 8.741 11.604 10.515 0 2.030 8.485 15.792 15.178 1.095 4.436 9.647 24.193 20.475 2.028 7.272 11.175 30.979 28.158 2.681 12.419 13.058 33.712 28.708 3.406 10.180 15.122 36.566 29.087 2.233 11.080 15.774 38 39 40 41 42 2.696 2.260 436 1.405 1.352 53 -1.405 -1.375 -30 5.024 4.579 445 1.089 454 , 635 614 670 -56 3.718 3.012 706 2.821 2.231 590 5.004 2.390 2.614 7.479 5.825 1.654 43 44 45 25.715 14.898 16.750 23.162 31.865 18.640 27.852 34.416 42.596 44.429 46 7.006 71.636 788 11.047 86.308 1.589 6.284 83.721 581 10.009 92.406 1.012 14.226 64.009 2.215 11.440 99.741 2.367 10.606 95.786 1.812 13.179 100.966 1.898 11.376 94.932 2.186 11.680 96.162 3.331 47 48 49 43 44 45 46 MONEY DEMAND DEPOSITS CURRENCY TOTAL OF CREDIT MARKET INSTR., DEPOSITS ♦ CURRENCY 47 public support rate <»> 48 PVT.FIN.INTERMFDIATION (») 49 TOTAL FOREIGN FUNDS CORPORATE EQUITIES NOT INCLUDED ABOVE 1 TOTAL NET ISSUFS MUTUAL FUND SHARES 2 OTHER EQUITIES 3 2.846 730 2.066 3.707 1.049 2.658 3.818 1.070 2.748 4.054 1.596 2.458 4.336 1.765 2.571 3.211 1.428 1.783 5.111 2.136 2.975 2.348 1.685 663 1.270 1.408 -138 3.634 1.994 1.640 1 2 3 4 ACQ. BY FINANCIAL INSTITUTIONS 5 OTHER NET PURCHASES 1.645 1.201 1.503 2.204 2.205 1.613 2.611 1.443 3.354 982 3.433 -222 4.411 700 4.307 -1.959 3.944 -2.674 4,141 -507 4 5 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST* 1973 CREOIT MARKET SUPPLY OF FUNDS CREDIT MARKET SUPPLY OF FUNDS 9 DIRECT AND INDIRECT SOURCFS OF FUNDS TO CREDIT MARKETS ANNUAL FLOWS* 1965-72 ANNUAL FLOWS* 1965-72 1 1965 1966 1967 1968 1969 1970 1971 69.622 66.893 79.985 95.948 87.959 92.552 134.970 1972 156.131 1973 1974 TOTAL FUNDS ADVANCED IN CREDIT MARKETS TO NONFINANCIAL SECTORS 1 BY PUBLIC AGENCIES AND FOREIGN 2 3 4 5 6 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 12.192 3.381 2.811 873 5.127 15.848 859 4.632 4.030 6.327 27.964 15.726 5.725 1.326 5.187 41.287 33.417 5.656 -2.679 4.893 16.894 7.328 5.228 43 4.295 7 8 9 10 2.773 2.231 3.828 57 4.911 5.117 3.479 -1.565 4.552 -93 4.801 1.998 4.937 3.241 3.719 295 2.876 9.032 4.223 -283 2.833 9.880 4.981 10.270 3.222 2.802 8.848 26.415 2.313 6.013 184 8.384 11 2.114 4.825 -621 3.476 8.783 8.234 4.296 6.182 TOTAL NET ADVANCES U.S.GOVT. SECURITIES RESIDENTIAL MORTGAGES FHLB ADVANCES TO S*L’S OTHER LOANS ♦ SECURITIES BY AGENCY — U.S. GOVT. SPONSORED CREDIT AGENCIES FEDERAL RESERVE FOREIGN AGENCY BORROWING NOT IN LINE 1 2 3 4 5 6 7 8 9 10 11 PRIVATE DOMESTIC FUNDS ADVANCED 12 13 14 15 16 17 18 62.847 -49 7.345 5.999 18.626 31.598 672 59.776 5.359 5.647 10.339 11.984 27.385 938 68.106 5.705 7.769 16.002 12.968 23.113 -2.549 87.232 13.312 9.516 13.790 15.548 35.939 873 80.894 4.642 9.927 12.467 15.682 42.206 4.030 72.822 5.385 11.327 19.959 12.829 24.648 1.326 97.979 -3.549 16.626 19.475 29.093 33.655 -2.679 145.419 16.257 11.930 13.169 44.611 59.495 43 TOTAL NET ADVANCES U.S.GOVT. SECURITIES MUNICIPAL SECURITIES CORPORATE ♦ FGN. BONDS RESIDENTIAL MORTGAGES OTHER MORTGAGES ♦ LOANS LESS—FHLB ADVANCES 12 13 14 15 16 17 18 PRIVATE FINANCIAL INTERMEDIATION— CREDIT MARKET FUNDS ADVANCED BY PRIVATE FINANCIAL INSTITUTIONS COMMERCIAL BANKING SAVINGS INSTITUTIONS INSURANCE ♦ PENSION FUNDS OTHER FINANCE 19 20 21 22 23 62.879 28.711 14.336 13.600 6.232 45.361 17.465 7.940 15.496 4.460 63.465 35.869 15.040 12.863 -307 75.344 38.741 15.603 14.049 6.951 54.918 18.247 14.459 12.282 9.930 74.876 35.068 16.878 17.272 5.658 111.394 50.592 41.451 14.061 5.290 150.191 69,711 48.660 15.997 15.823 24 25 26 62.879 38.351 7.920 45.361 22.450 3.163 63.465 49.968 -393 75.344 45.914 8.451 54.918 2.561 19.071 74.876 63.164 -356 111.394 90.821 9.249 150.191 97.828 20.207 27 28 29 30 31 16.608 787 -985 11.410 5.396 19.748 3.655 -533 13.638 2.988 13.890 2.271 242 11.989 -612 20.979 2.603 -224 11.410 7.190 33.286 9.333 44 10.366 13.543 12.068 -8.455 2.884 13.131 4.508 11.324 -3.238 2.231 9.616 2.715 32.156 5.073 706 11.263 15.114 32 33 34 35 36 37 7.888 2.888 2.613 980 1 .529 -122 17.578 8.233 2.596 2.101 2.327 2.321 4.248 -1.392 -2.534 4.587 1.903 1.684 20.339 7.965 -233 4.726 5.796 2.085 45.047 16.812 8.697 7.382 10.161 1.995 -2.410 -8.349 -1.137 10.068 -4.407 1.415 -4.166 -12.958 -80 8.172 -633 1.333 15.435 4.077 2.141 4.852 3.738 627 DIRECT LENDING IN CR. MARKETS U.S. GOVT. SECURITIES MUNICIPAL SECURITIES CORPORATE ♦ FGN. BONDS COMMERCIAL PAPER OTHER 32 33 34 35 36 37 40.469 32.718 3.568 15.984 13.166 2A.428 20.342 -229 13.278 7,293 52.080 39.324 4.305 18,290 16.729 48.346 33.855 3.516 17.454 12.885 5.409 -2,285 -13.672 3.356 8.031 66.645 56.102 15.018 24.155 16.929 94.213 81,215 7.664 32.934 40.617 102.240 85.712 8.710 31.025 45.977 DEPOSITS ♦ CURRENCY TIME ♦ SAVINGS ACCOUNTS LARGE NEGOTIABLE CD’S OTHER AT COMMERCIAL BANKS AT SAVINGS INSTITUTIONS 38 39 40 41 42 43 44 45 7,751 5.633 2.118 4.086 2.108 1 .978 12.756 10.644 2.112 14.491 12.059 2.432 7.694 4.846 2.848 10.543 7.062 3.481 12.998 9.606 3.392 16.528 12.116 4.412 46 48.357 42.006 56.328 68.685 50.456 64.235 90.047 117.675 47 48 49 12.767 100.050 844 17.852 75.884 2.090 14.075 93.185 4.269 12.706 86.371 2.898 18.017 67.888 9.050 30.214 102.820 1.815 30.589 113.691 23.177 10.820 103.281 13.457 SOURCES OF FUNDS PRIVATE DOMESTIC DEPOSITS CREDIT MARKET BORROWING OTHER SOURCES FOREIGN FUNDS TREASURY BALANCES INSURANCE ♦ PENSION RES. OTHER. NET 19 20 21 22 23 24 25 26 27 28 29 30 31 PRIVATE DOMESTIC NONFINANCIAL INVESTORS----- 38 39 40 41 42- MONEY DEMAND DEPOSITS CURRENCY TOTAL OF CREDIT MARKET INSTR.* DEPOSITS ♦ CURRENCY PUBLIC SUPPORT RATE (») PVT.FIN.INTERMEDIATION <»> TOTAL FOREIGN FUNDS 43 44 45 46 47 48 49 CORPORATE EQUITIES NOT INCLUDED ABOVE j 1 2 3 3.481 3.221 260 4.593 3.677 916 5.274 2.957 2.317 5.053 5.798 -745 9.526 4.787 4.739 9.498 2.629 6.869 14.660 1.181 13.479 11.973 -633 12.606 TOTAL NET ISSUES MUTUAL FUND SHARES OTHER EQUITIES 2 3 4 5 6.074 -2.593 5.995 -1.402 9.090 -3.816 10.807 -5.754 12.219 -2.693 11.388 -1.890 19.235 -4.575 15.562 -3.589 ACQ. BY FINANCIAL INSTITUTIONS OTHER NET PURCHASES 4 5 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS AUGUST* 1973 HOUSEHOLDS HOUSEHOLDS 10 SECTOR STATEMENTS OF SAVING AND INVESTMENT ANNUAL FLOWS* 19*6-54 ANNUAL FLOWS, 1946-54 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 households, PERSONAL TRUSTS, AND NONPROFIT ORGANIZATIONS 178.728 18.709 191.264 21.433 210.216 21.078 207.151 18.569 227.616 20.678 255.595 29.012 272.437 34.143 288.143 35.599 290.153 32.691 1 2 160.019 144.812 15.207 1.805 70 5.787 169.831 162.487 7.344 1.763 30 7.532 189.138 175.763 13.375 1.474 25 7.136 188.582 179.184 9.398 1.660 20 7.030 206.938 193.852 13.086 1.767 56 10.198 226.583 209.308 17.275 1.643 100 5.506 238.294 220.134 18.160 2.028 80 3.579 252.544 234.232 18.312 1.928 64 6.395 257.462 241,027 16.435 1.607 130 4.872 3 4 5 6 7 8 9 a NET SAVING 10 ♦ CAPITAL CONSUMPTION 11 » GROSS SAVING 22.869 11.510 34.379 16.669 14.560 31.229 22.010 17.397 39.407 18.108 19.604 37.712 25.107 22.540 47.647 24.524 26.767 51.291 23.847 28.609 52.456 26.699 30.041 56.740 23.044 31.535 54.579 9 10 11 12 GROSS INVESTMENT 13 CAPITAL EXPEND, (NET OF SALES 14 RESIDENTIAL CONSTRUCTION CONSUMER DURABLE GOODS 15 NONPROFIT PLANT ♦ EQUIP. 16 37.161 21.755 5.541 15.757 457 35.286 29.376 8.326 20.394 656 40.636 35.822 12.105 22.677 1.040 38.498 36.606 10.703 24.628 1.275 49.444 47.542 15.632 30.477 1.433 57.037 46.947 15.782 29.648 1.517 55.879 45.983 15.252 29.334 1.397 60.461 50.929 16.204 33.248 1.477 59.752 51.468 16.757 32.836 1.875 12 13 14 15 16 15.406 19.987 5.910 13.540 4.814 13.399 1.892 10.141 1.902 16.143 10.090 19.572 9.896 22.734 9.532 22.646 8.284 20.611 17 18 9.300 3.786 4.176 -1.382 1.942 -2.733 2.909 -1.870 4.728 2.407 8.707 3.354 12.515 2.081 12.728 1.112 12.637 1.766 19 20 6.313 3.595 2.718 3.447 1.189 2.258 2.262 283 1.979 2.668 142 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 -799 -1.411 34 -929 0 1.507 2.111 1.139 442 -785 0 1.315 2.413 309 1.006 -62 0 1.160 2.111 1.069 691 -396 0 747 -169 -630 548 -787 20 680 485 -760 338 33 -20 894 2.605 -177 2.041 -13 1 753 3.333 527 1.822 -114 91 1.007 1.597 -1.757 2.516 -294 -59 1.191 24 25 26 27 28 29 282 837 209 907 96 891 327 432 239 496 297 1.262 531 1.052 408 527 522 177 30 31 1 PERSONAL INCOME 2 less: personal taxes 3 4 5 6 7 8 17 18 19 20 ♦ nontaxe a DISPOSABLE PERS. INCOME LESS: PERSONAL OUTLAYS a PERSONAL SAVING, NIA BASIS ♦ CREDITS FROM GOVT. INSUR. ♦ CAPITAL GAINS DIVIDENDS ♦ NET DURABLES IN CONSUMPTION NET FINAN. INVESTMENT NET ACQ. OF FINAN. ASSETS DEP. ♦ CR. MKT. INSTR. (1) DEMAND DEP. ♦ CURRENCY 21 22 23 TIME ♦ SAVINGS ACCOUNTS AT COMMERCIAL BANKS AT SAVINGS INSTITUTIONS 24 25 26 27 28 29 CREDIT MKT. INSTRUMENTS U.S. GOVT. SECURITIES STATE AND LOCAL OBLIG. CORPORATE ♦ FGN. BONDS COMMERCIAL PAPER MORTGAGES 30 31 INVESTMENT CO. SHARES OTHER CORP. SHARES 32 33 LIFE INSURANCE RESERVES PENSION FUND RESERVES 3.800 1.509 3.150 2.223 2.843 2.452 2.751 2.837 2.945 3.927 2.728 3.566 2.888 4.885 2.982 4.989 2.702 5.187 32 33 34 35 36 NET INV. IN NONCORP. BUS. SECURITY CREDIT MISCELLANEOUS 3.417 39 803 2.410 -73 538 4.786 -6 395 467 48 370 3.204 269 335 2.506 -78 584 315 -179 727 412 -6 606 -1.263 312 337 34 35 36 37 38 39 40 41 42 43 44 NET INCREASE IN LIABILITIES CREDIT MKT. INSTRUMENTS HOME MORTGAGES OTHER MORTGAGES INSTALMENT CONS. CR. OTHER CONSUMER CREDIT BANK LOANS N.E.C. OTHER LOANS 4.581 7.117 3.775 180 1.710 1.009 481 -38 7.630 7.826 4.301 254 2.523 691 -39 96 8.585 8.736 5.030 400 2.301 548 273 184 8.249 7.867 4.066 484 2.594 323 156 244 14.241 13.338 7.392 535 3.113 994 1.053 251 9.482 9.529 7.124 556 591 650 323 285 12.838 12.348 6.442 495 4.109 692 512 98 13.114 12.497 7.652 512 3.602 271 170 290 12.327 11.053 8.628 653 563 508 441 260 37 38 39 40 41 42 43 44 -2.666 65 65 -364 87 81 -284 82 51 272 41 69 700 100 103 -126 0 79 176 238 76 463 62 92 1.099 88 87 45 46 47 -2.782 -4.057 -1.229 -786 -1.797 -5.746 -3.423 -3.721 -5.173 48 45 46 47 48 SECURITY CREDIT TRADE DtBT MISCELLANEOUS DISCREPANCY (1) EXCLUDES CORPORATE EQUITIES. memoranda: 49 50 51 52 NET PHYSICAL INVESTMENT: (A) RESIDENTIAL construction EXPENDITURES LESS: CAPITAL consumption HOME MORTGAGES a EXCESS NET INVESTMENT 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 53 54 55 (B) CONSUMER DURABLES EXPENDITURES less: CAPITAL CONSUMPTION a 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 4.801 -1.222 3.873 2.522 1.071 3.801 56 57 457 223 180 54 656 241 254 161 1.040 259 400 381 1.275 288 484 503 1.433 324 535 574 1.517 375 556 586 1.397 423 495 479 1.477 464 512 501 1.875 502 653 720 58 59 60 61 10.467 9.503 11.205 4.324 10.026 7.071 8.963 4.983 9.084 6.323 11.350 7.624 12.532 7.620 12.354 7.251 11.266 6.383 62 63 21.235 18.196 20.671 19.821 22.823 22.463 21.820 22.291 21.056 64 13.437 12.345 2.829 4.396 17.116 7.889 4.445 4.559 18.790 7.028 4.503 4.582 19.239 5.330 4.335 4.134 22.773 7.732 6.821 6.389 20.561 8.571 4.152 4.173 19.127 9.456 5.340 5.136 20.008 8.896 5.152 4.909 19.856 7.951 4.755 4.264 65 66 67 68 161.894 171.624 69 (2)DISPOSABLE INCOME ADJ. 190.637 190.262 (NIA DISPOSABLE INCOME ♦ GOVT. INSURANCE CREDITS ♦ CAPITAL GAINS DIVID. 208.761 228.326 240.402 254.536 259.199 69 56 57 LESS: CONSUMER CREDIT a EXCESS NET INVESTMENT 58 59 60 61 (C) NONPROFIT PLANT ♦ EQUIPMENT EXPENDITURES LESS: CAPITAL CONSUMPTION NONPROFIT mortgages a EXCESS NET INVESTMENT PERCENT RATIOS: 62 EFFECTIVE TAX RATE 63 SAVING RATE, NIA BASIS 64 65 66 67 68 PER CENT OF DISPOSABLE INCOME ADU.(2): GROSS SAVING CAPITAL EXPENDITURES ACQ. OF FINANCIAL ASSETS NET INCR. IN LIABILITIES CREDIT MARKET BORROWING MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST* 1973 HOUSEHOLDS HOUSEHOLDS 11 sector statements of saving ano investment ANNUAL FLOWS* ANNUAL FLOWS. 195S-64 1955 1956 1957 1958 1959 1960 1961 1962 1963 1955-64 1964 HOUSEHOLDS. PERSONAL TRUSTS. ANO NONPROFIT ORGANIZATIONS 1 2 310.855 35.541 332.988 39.827 351.078 42.577 361.152 42.348 383.530 46.213 400.945 50.909 416.789 52.390 442.609 57.350 465,453 60.883 497.462 59.366 PERSONAL INCOME LESS: PERSONAL TAXES ♦ NONTAXE 1 2 3 4 5 6 7 8 275.314 259.514 15.800 1.828 222 9.910 293,161 272.585 20.576 2.440 293 5.890 308.501 287.758 20.743 2.197 284 4.915 318.804 296.527 22.277 2.760 316 553 337.317 318.234 19.083 2.919 427 5.500 350.036 332.999 17.037 3.160 416 5.076 364.399 343.246 21.153 3.390 499 2.871 385.259 363.658 21.601 3.474 502 6.687 404.570 384.639 19.931 3.852 472 8.914 438.096 411.908 26.188 4.393 556 11.207 = ♦ ♦ ♦ = DISPOSABLE PERS. INCOME less: personal OUTLAYS PERSONAL SAVING. NIA BASIS CREDITS FROM GOVT, INSUR, CAPITAL GAINS DIVIDENDS NET DURABLES IN CONSUMPTION 3 4 5 6 7 8 9 10 11 27.760 33.750 61.510 29.199 37.427 66.626 28.139 40.759 68.898 25.906 42.626 68.532 27.929 44.495 72.424 25.689 46.317 72.006 27.913 47.811 75.724 32.264 49.781 82.045 33.169 52.418 85.587 42.344 55.929 98.273 12 13 14 15 16 67.833 62.633 21.132 39.639 1.862 73.464 61.202 20.180 38.920 2.102 74.850 61.220 18.057 40.795 2.368 75.626 57.657 17.253 37.881 2.523 79.313 68.269 21.373 44.306 2.590 78.616 67.816 19.717 45.294 2.805 79.488 64.729 17.569 44.180 2.980 86.863 71.468 18.717 49.540 3.211 91.691 76.310 18.996 53.928 3.386 105.446 82.241 19.335 59.237 3.669 17 18 5.200 25.844 12.262 28.663 13.630 26.394 17.969 30.419 11.044 33.028 10.800 28.601 14.759 31.677 15.395 36.372 15.381 42.445 23.205 51.272 19 20 17.721 867 17.556 1.634 16.165 -1.162 17.426 2.195 24.840 2,462 20.102 2.551 21.399 2.400 27.301 1.568 32.590 3.227 37.995 4,546 21 22 23 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 27.384 11.610 15.774 24 25 26 27 28 29 8.096 2.482 3.478 995 -15 1.156 6.338 1.535 2.351 938 -13 1.527 5.200 576 1.650 1.065 1* 1.895 1.175 -3.244 804 1.312 -11 2.314 11.053 5.722 3.258 282 5 1.786 6.118 -26 3.513 645 28 1.958 2.461 -546 1.230 141 -23 1.659 46 179 -1.009 -128 35 969 4.741 3.444 985 -10 3 319 6.065 3.055 2.646 89 -42 317 30 31 780 294 1.049 899 1.070 396 1.596 -99 1.765 -1.134 1.428 -1.853 2.136 -1.759 1.685 -3.753 1.408 -4.307 1.994 -2.209 OTHER CORP. SHARES 30 31 32 33 2.905 5.596 3.470 6.060 2.738 6.785 3.073 7.354 3.421 8.446 3.228 8.327 3.447 8.734 3.767 8.929 4.237 9.876 4.416 11.149 LIFE INSURANCE RESERVES PENSION FUND RESERVES 32 33 34 35 36 -1.798 -121 467 -674 -17 320 -1.080 12 308 531 262 276 -4.647 -167 504 -3.255 148 476 -2.864 55 529 -2.066 34 475 -2.134 246 529 -3.150 197 880 NET INV. IN NONCORP. BUS. SECURITY CREDIT 34 35 36 37 38 39 40 41 42 43 44 20.644 19.735 12.197 629 5.338 1.028 251 292 16.401 16.114 11.201 703 2.814 690 369 337 12.764 12.875 8.757 784 2.148 489 174 523 12.450 11.013 8.845 818 -226 384 706 486 21.984 21.455 12.560 814 5,605 810 1.003 663 17.801 17.734 10.781 867 3.721 876 596 893 16.918 15.299 10.915 900 923 918 892 751 20.977 20.794 12.709 951 4.829 1.010 514 781 27.064 24.756 14.750 977 6.766 1.152 394 717 28.067 27,818 15.985 1.041 7.206 1.323 1.397 866 NET INCREASE IN LIABILITIES 37 CREOIT MKT. INSTRUMENTS 38 HOME MORTGAGES 39 other mortgages 40 instalment cons. CR. 41 OTHER CONSUMER CREDIT 42 BANK LOANS N.E.C. 43 OTHER LOANS 44 45 46 47 685 83 141 -43 143 187 -408 123 174 1.157 154 126 14 297 218 -138 13 192 1.338 148 133 -126 154 155 1.957 165 186 -205 268 186 48 -6.323 -6.838 -5.952 -7,094 -6.889 -6.610 -3.764 -4.818 -6.104 -7.173 = NET SAVING ♦ CAPITAL CONSUMPTION = GROSS SAVING 9 10 11 GROSS INVESTMENT CAPITAL EXPEND. 12 (NET OF SALES 13 14 CONSUMER DURABLE GOODS 15 16 NONPROFIT PLANT ♦ EQUIP. residential construction NET FINAN. INVESTMENT NET ACtl. OF FINAN. ASSETS DEP. ♦ CR. MKT. INSTR. (1) DEMAND DEP. ♦ CURRENCY 17 18 19 20 TIME ♦ SAVINGS ACCOUNTS 21 AT COMMERCIAL BANKS 22 AT SAVINGS INSTITUTIONS 23 CREDIT MKT. INSTRUMENTS U.S. GOVT. SECURITIES STATE AND LOCAL OBLIG. CORPORATE ♦ FGN. BONDS commercial paper mortgages investment co. shares miscellaneous SECURITY CREDIT TRADE DEBT MISCELLANEOUS discrepancy (1) 24 25 26 27 28 29 45 46 47 48 EXCLUDES CORPORATE EQUITIES. memoranda: 49 50 51 52 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 8.845 3.828 21.373 4.900 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 53 54 55 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 44.180 41.309 2.871 49.540 42.853 6.687 53.928 45,014 8.914 59.237 48.030 11.207 56 57 6.366 3.544 3.504 2.386 2.637 2.278 158 395 6.415 -915 4.597 479 1.841 1.030 5.839 848 7.918 996 8.529 2.678 58 59 60 61 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 2.805 842 867 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 62 63 11.433 5.738 11.960 7.018 12.127 6.723 11.725 6.987 12.049 5.657 12.697 4,867 12.569 5.804 12.957 5.606 13.080 4.926 11.933 5.977 64 22.176 22.516 22.154 21.291 21.259 20.362 20.561 21.078 20.931 65 66 67 68 22.581 9.317 7.442 7.115 20.683 9.686 5.542 5.445 19.686 8.487 4.104 4.140 17.912 9.450 3.867 3.421 20.040 9.695 6.453 6.298 19.178 8.088 5.034 5.015 17.575 8.601 4.593 4.154 18.361 9.344 5.389 5.342 18.662 10.380 6.618 6.054 69 277.364 295.894 310.982 321.880 340.663 NET PHYSICAL INVESTMENT: (A) RESIDENTIAL CONSTRUCTION EXPENDITURES less: capital CONSUMPTION home MORTGAGES « EXCESS NET INVESTMENT (B) In MILLIONS OF DOLLARS, INVESTMENT 53 54 55 LESS: CONSUMER CREDIT = EXCESS NET INVESTMENT 56 57 NONPROFIT PLANT ♦ EQUIPMENT EXPENDITURES LESS: CAPITAL CONSUMPTION NONPROFIT MORTGAGES = EXCESS NET INVESTMENT 58 59 60 61 less: capital consumption = NE» (C) MONEY AMOUNTS ARE CONSUMER OURABLES EXPENDITURES PERCENT RATIOS: EFFECTIVE TAX RATE SAVING HATE, NIA BASIS PER CENT OF DISPOSABLE INCOME ADJ.(2)» gross Saving 22.181 18.562 11.572 6.335 6.278 49 50 51 52 CAPITAL EXPENDITURES ACQ. OF FINANCIAL ASSETS NET INCR. IN LIABILITIES CREDIT MARKET BORROWING 62 63 64 65 66 67 68 353.612 408.894 443.045 69 368.288 389.235 (2)DISPOSABlE INCOME ADJ. (NIA DISPOSABLE INCOME ♦ GOVT. insurance CREDITS ♦ CAPITAL GAINS DIVIO.) AUGUST* 1973 HOUSEHOLDS HOUSEHOLDS 12 SECTOR STATEMENTS OF SAVING AND INVESTMENT ANNUAL FLOWS. 1965-72 ANNUAL FLOWS* 1965-72 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 households, PERSONAL TRUSTS, AND NONPROFIT ORGANIZATIONS 538.893 65.653 587.216 75.364 629.335 82.994 688.924 97.927 750.921 116.535 808.290 116.591 863.515 117.545 939.161 142.205 1 2 473.240 444.808 28.432 4.743 939 14.791 511.852 479.325 32.527 5.586 1.318 15.151 546.341 505.975 40.366 5.488 1.690 12.434 590.997 551.239 39.758 6.159 2.458 16.659 634.386 596.174 38.212 6.647 2.536 16.231 691.699 635.498 56.201 8.757 923 10.554 745.970 685.811 60.159 9.738 776 16.015 796.956 747.212 49.744 10.484 1.420 23.634 3 4 5 6 7 8 9 » NET SAVING 10 ♦ CAPITAL CONSUMPTION 11 x GROSS SAVING 48.905 59.853 108.758 54.582 64.306 118.888 59.978 69.910 129.888 65.034 77.157 142.191 63.626 84.834 148.460 76.435 91.438 167.873 86.688 98.694 185.382 85.282 105.880 191.162 9 10 11 12 GROSS INVESTMENT 13 CAPITAL EXPEND. (NET OF SALES RESIDENTIAL CONSTRUCTION 14 CONSUMER DURABLE GOODS 15 NONPROFIT PLANT ♦ EQUIP. 16 115.049 89.550 19.097 66.308 4.145 129.436 94.197 18.941 70.752 4.504 134.722 94.635 17.001 73.120 4.514 144.497 109.658 21.091 84.032 4.535 144.917 117.839 21.960 90.790 5.089 168.212 116.178 19.627 91.297 5.254 188.539 135.936 26.849 103.491 5.596 205.753 157.765 34.305 117.409 6.051 12 13 14 15 16 25.499 55.139 35.239 58.417 40.087 63.510 34.839 68.226 27.078 56.736 52.034 74.125 52.603 94.341 47.968 116.901 17 18 40.094 7.676 41.851 3.854 48.487 11.200 54.277 12.312 42.620 1.531 54.318 9.465 72.073 10.887 97.521 12.788 19 20 28.022 14.856 13.166 20.456 13.163 7.293 34.815 18.086 16.729 30.263 17.378 12.885 6.009 -2.022 8.031 44.402 27.473 16.929 70.456 29.839 40.617 75.825 29.848 45.977 21 22 23 4.396 2.442 1.749 980 -9 -766 17.541 7.775 3.599 2.101 2.748 1.318 2.472 1.263 -2.195 4.587 -2.125 942 11.702 5.461 -761 4.726 729 1.547 35.080 12.202 9.614 7.382 4.759 1.123 451 -7.694 -544 10.068 -1.517 138 -9.270 -12.746 -874 8.172 -3.880 58 8.908 4.357 1.296 4.852 432 -2.029 24 25 26 27 28 29 1 PERSONAL INCOME 2 LESS: PERSONAL TAXES ♦ NONTAXE 3 4 5 6 7 8 17 18 19 20 » DISPOSABLE PERS. INCOME LESS: PERSONAL OUTLAYS x PERSONAL SAVTN6, NIA BASIS ♦ CREDITS FROM GOVT. INSUR. ♦ CAPITAL GAINS DIVIDENDS ♦ NET DURABLES IN CONSUMPTION NET FINAN. INVESTMENT NET ACQ. OF FINAN. ASSETS DEP. ♦ CR. MKT. INSTR. (1) DEMAND DEP. ♦ CURRENCY 21 22 23 TIME ♦ SAVINGS ACCOUNTS AT COMMERCIAL BANKS AT SAVINGS INSTITUTIONS 24 25 26 27 28 29 CREDIT MKT. INSTRUMENTS U.S. GOVT. SECURITIES STATE AND LOCAL OBLIG. CORPORATE ♦ FGN. BONDS COMMERCIAL PAPER MORTGAGES 30 31 INVESTMENT CO. SHARES OTHER CORP. SHARES 3.221 -5.414 3.677 -4.774 2.957 -7.471 5.798 -13.649 4.787 -9.045 2.629 -5.216 1.181 -6.592 -633 -5.224 30 31 32 33 LIFE INSURANCE RESERVES PENSION FUND RESERVES 4.825 12.218 4.694 14.736 5.063 14.570 4.621 15.503 4.978 15.848 5.242 19.063 6.172 22.098 7.310 20.713 32 33 34 35 36 NET INV. IN NONCORP. BUS. SECURITY CRFDIT MISCELLANEOUS -1.942 864 1.273 -3.180 197 1.216 -3.774 2.213 1.465 -2.217 2.096 1.797 -2.752 -1.818 2.118 -3.628 -867 2.584 -3.415 520 2.304 -5.581 118 2.677 34 35 36 37 38 39 40 41 42 43 44 NET INCREASE IN LIABILITIES CREDIT MKT. INSTRUMENTS HOME MORTGAGES OTHER MORTGAGES instalment CONS. CR. OTHER CONSUMER CREDIT BANK LOANS N.E.C. OTHER LOANS 29.640 28.411 15.234 1.175 8.201 1.414 1.449 938 23.178 22.616 12.650 1.257 5.351 1.004 310 2.044 23.423 19.044 10.371 1.194 3.184 1.361 1.614 1.320 33.387 29.625 14.625 1.135 8.317 1.670 2.163 1.715 29.658 32.183 16.072 1.276 9.360 1.016 1.474 2.985 22.091 22.914 12.483 1.360 4.959 1.058 453 2.601 41.738 38.320 24.138 1.217 9.231 2.000 361 1.373 68.913 63.216 38.423 1.421 16.037 3.133 2.872 1.330 37 38 39 40 41 42 43 44 736 229 264 -73 279 356 3.684 407 288 2.918 489 355 -3.400 489 386 -1.780 527 430 2.609 491 318 4.672 485 540 45 46 47 -6.291 -10.548 -4.834 -2.306 3.543 -339 -3.157 -14.591 48 49 50 51 52 MEMORANDA» NET PHYSICAL INVESTMENT: (A) residential construction EXPENDITURES LESS: CAPITAL CONSUMPTION HOME MORTGAGES x excess net investment 19.097 7.143 15.234 -3.280 18.941 7.422 12.650 -1.131 17.001 7.844 10.371 -1.214 21.091 8.302 14.625 -1.836 21.960 8.684 16.072 -2.796 19.627 8.997 12.483 -1.853 26.849 9.412 24.138 -6.701 34.305 10.176 38.4?3 -14.294 49 50 51 52 53 54 55 (B) 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 91.297 80.743 10.554 103.491 87.476 16.015 117.409 93.775 23.634 53 54 55 45 46 47 48 SECURITY CREDIT TRADE DEBT MISCELLANEOUS DISCREPANCY (1) EXCLUDES CORPORATE EQUITIES. 56 57 LESS: CONSUMER CREDIT = EXCESS NET INVESTMENT 9.615 5.176 6.355 8.796 4.545 7.889 9.987 6.672 10.376 5.855 6.017 4.537 11.231 4.784 19.170 4.464 56 57 58 59 60 61 (C) NONPROFIT PLANT ♦ EQUIPMENT EXPENDITURES LESS: CAPITAL CONSUMPTION NONPROFIT MORTGAGES « EXCESS NFT 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 1.698 1.360 2.196 5.596 1.806 1.217 2.573 6.051 1.929 1.421 2.701 58 59 60 61 12.182 6.007 12.834 6.354 13.187 7.388 14.214 6.727 15.518 6.023 14.424 8.125 13.612 8.064 15.141 6.241 62 63 PER CENT OF DISPOSABLE INCOME ADJ., (2) : GROSS SAVING 22.708 22.917 23.465 23.713 23.068 23.934 24.505 23.633 64 18.698 11.513 6.188 5.932 18.158 11.260 4.467 4.359 17.096 11.473 4.231 3.440 18.288 11.378 5.568 4.940 18.310 8.815 4.608 5.000 16.564 10.568 3.149 3.266 17.969 12.470 5.517 5.065 19.504 14.452 8.5] 9 7.815 65 66 67 68 478.922 518.756 553.519 599.614 643.569 69 (2)DISPOSABLE INCOME ADJ, (NIA DISPOSABLE INCOME ♦ GOVT, INSURANCE CREDITS ♦ CAPITAL GAINS DIVID.) 701.379 756.484 808.860 69 PERCENT RATIOS: 62 EFFECTIVE TAX RATE 63 SAVING RATE, NIA BASIS 64 65 66 67 68 CAPITAL EXPENDITURES ACQ. OF FINANCIAL ASSETS NET INCR. IN LIABILITIES CREDIT MARKET BORROWING MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS AUGUST. 1973 TOTAL ♦ NONCORP BUSINESS TOTAL + NONCORP BUSINESS 13 SECTOR STATEMENTS OF SAVING ANO INVESTMENT ANNUAL FLOWS. ANNUAL FLOWS. 1946-54 1945 1946 1947 1948 1949 NONFINANCIAL 1950 1951 1952 1953 1954 1946-54 BUSINESS - TOTAL income before taxes 1 2 57.463 11.594 63.237 17.412 74.884 24.428 67.078 25.737 76.310 25.306 85.610 28.257 82.875 30.047 80.586 30.460 77.969 32.934 3 4 5 6 7 8 9 9.784 24.658 18.279 16.576 1.225 478 6.379 15.970 24.753 25.215 22.482 1.672 1.061 -462 21.392 32.516 27.808 25.473 876 1.459 4,708 24.842 23.352 26.427 23.460 1.125 1.842 -3.075 24.562 36.622 29.833 26.076 925 2.832 6.789 29.997 41.610 31.314 29.862 27 1.425 10.296 29.835 34.727 31.594 29.662 1.029 903 3.133 30,,036 34,,480 34,.033 32,.246 623 1..164 447 30.472 32.439 33.982 31.085 1.587 1.310 -1.543 GROSS investment CAPITAL tXPtNDITURES FIXED INVESTMENT BUSINESS PLANT ♦ EQUIPMENT 1-4 FAMILY RESIDENT. CONST 10 11 12 13 14 15 16 17 18 19 -14.874 986 15.860 1.003 7.457 953 568 1.600 4.293 43 -8.783 10.397 19.180 1.098 9.370 2.813 784 1.739 3.821 213 -11.124 5.400 16.524 1.011 6.440 4.300 a 1.801 -76 407 1.490 3.814 2.324 1.276 3.036 2.903 232 1.654 -1.962 209 -12.060 17.187 29.247 1.347 8.606 1.624 116 2.050 4.168 648 -11.613 9.133 20.746 1.842 10.409 3.295 -628 2.364 4.593 785 -4.892 4.815 9.707 2.266 8.675 4.684 216 1.833 1.157 785 -4,,444 2,.591 7,,035 1,.729 4,,344 3,,356 -108 1.,794 -1.,014 31b -1.967 5.654 7,621 1.469 6.416 3.479 708 2.145 -4 37 521 NET FINANCIAL INVESTMENT FINANCIAL USES OF FUNDS* NET FINAN. SOURCES OF FUNDS* NET CORPORATE SHARE ISSUES CREOIT MKT. INSTRUMENTS CORPORATE BONDS 20 21 6.008 1.392 3.835 4.877 3.399 5.674 -131 -1.857 8.496 10.796 1.229 7.266 1.572 -2.806 -207 1,,169 4.158 -4.422 22 1.810 1.442 3.036 895 744 -1.740 212 424 2.462 GROSS SAVING other residential CHANGE IN INVENTORIES home mortgages other mortgages bank loans n.e.C. other LOANS TRADE DEBT other liabilities discrepancy 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 FARM BUSINESS 1 2 3 4 5 6 14.928 67 1.223 18 1.205 1.290 15.202 51 1.603 23 1.580 1.654 17.505 42 2.058 28 2.030 2.100 12.659 24 2.364 33 2.331 2.388 13.498 40 2.664 37 2.627 2.704 15.838 7 3.145 46 3.099 3.152 14.986 -28 3.324 54 3.270 3.296 13.048 -45 3.454 56 3.398 3.409 12.430 -5 3.421 59 3.362 3.416 7 8 9 10 11 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 5.818 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 3.273 703 586 12 13 14 15 16 17 -893 1.857 1.800 37 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 -2 Z -100 73 68 5 18 19 20 21 22 23 24 2.750 363 137 255 -29 -73 44 1.091 468 167 301 0 -108 108 3.973 658 224 353 81 -40 121 806 392 291 103 -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 NET INCREASE IN LIABILITIES 18 CREDIT MARKET INSTRUMENTS 19 murtgages 20 BANK LOANS N.E.C. 21 OTHER loans 22 U.S.GOVT. 23 FICB ♦ BKS FOR COOPS 24 25 26 57 2.330 230 393 339 2.976 194 220 283 1.251 436 1.202 145 982 -21 Z 744 101 246 proprietor net investment 26 NET INCOME NET SAVING CAPITAL CONSUMPTION corporate NONCORPORATE CURRENT SURP. = GROSS SAVING 1 2 3 4 5 6 GROSS INVESTMENT CAPITAL EXPENDITURES PLANT AND EQUIPMENT RESIDENTIAL CONSTRUCTION CHANGE IN INVENTORIES 7 8 9 10 11 NET FINANCIAL INVESTMENT NET. INCR. IN FINAN. ASSETS DEMAND DtP. AND CURRENCY MISCELLANEOUS ASSETS INSURANCE RECEIVABLES EQ. IN SPONS. AGS. (1) 12 13 14 15 16 17 TRADE DEBT 25 NONFARM NONCORPORATE BUSINESS 1 25.900 25.005 27,932 27.739 29.47Z 31.983 33.219 33.688 33.838 2 3 2.47b 2.476 3.171 3.171 3.675 3.675 4.267 4.267 4.654 4.654 5.220 5.220 5.591 5.591 5.922 5.922 6.191 6.191 CAPITAL CONSUMPTION CURRENT SURP. = GROSS SAVING 4 5 6 7 8 9 10 2.476 4.611 4.228 3.634 239 355 383 3.171 6.032 5.974 4.954 530 490 58 3.675 6.329 5.406 4.672 729 5 923 4.267 4.509 4.997 3.930 921 1 46 -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 6.191 6.377 b.579 5.48 8 654 442 -202 GROSS INVESTMENT CAPITAL EXPENDITURES FIXED CAPITAL PLANT ♦ EQUIPMENT MULTI-FAMILY RESIU. HOME construction CHANGE IN INVENTORIES 4 5 6 7 8 9 10 11 12 13 14 15 16 17 -2.135 485 11 334 140 139 1 -2.861 856 364 330 162 158 4 -2.b54 345 -152 364 133 130 3 -242 722 36b 256 100 99 1 -2.690 801 223 488 90 89 1 -756 1.487 1.039 297 151 149 2 408 252 -348 396 204 203 1 -183 316 -52 178 190 189 1 -186 817 530 92 195 194 1 NET FINANCIAL INVEST. NET AUQUlS. OF FINAN. ASSET DEMAND DEP. ♦ CURRENCY CONSUMFR CRtDII MISCELLANEOUS ASSETS INSURANCE RECEIVABLES EQ. IN SPONS. AGS. (1) 11 12 13 14 15 16 17 18 19 20 21 22 23 2.620 1.338 5Z1 284 175 112 3.717 1.386 757 392 259 10b 2.999 495 512 4 438 70 964 699 720 116 584 20 3.491 1.660 804 58 737 9 2.243 1.006 401 -314 b71 44 -156 938 572 108 423 41 499 525 334 -54 323 65 1.003 829 738 354 275 109 NET INCREASE IN LIABILITIES CREOIT MARKET INSTRUMENTS MORTGAGES HOME MORTGAGES mul ri-family 18 19 20 21 22 23 24 25 553 214 357 272 -321 304 -230 209 428 428 244 361 189 177 69 122 39 52 26 27 195 1.087 314 2.017 694 1.810 18 24 Z -122 1.953 -67 1.304 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS NET INCOME commercial BANK LOANS N.E.C. OTHER LOANS 1 2 3 24 25 TRADE DEBT* NET 26 -427 306 1.683 PROPRIETOR NET INVESTMENT 27 -1.509 -667 -332 (1) SHARES IN FICB'S* BANKS FOR COOPS* AND LAND BANKS. AUGUST* 1973 TOTAL * NONCORP BUSINESS TOTAL ♦ NONCORP BUSINESS 14 SECTOR STATEMENTS OF SAVING AND INVESTMENT ANNUAL FLOWS. 1955-64 ANNUAL FLOWS* 195S-64 1955 1956 1957 1958 1959 NONFINANCIAL 1960 1961 1962 1963 1964 BUSINESS - TOTAL 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 INVESTMFNT CAPITAL EXPENDITURES FIXED INVESTMENT BUSINESS PLANT ♦ EQUIPMENT 1-4 FAMILY RESIDENT. CONST OTHER RESIDENTIAL CHANGE IN INVENTORIES 34.616 43.633 37.680 35.505 938 1.237 5.953 35.117 46.982 42.287 40.860 153 1.274 4.695 38.517 46.562 45.227 43.124 405 1.698 1.335 37.773 40.259 41.750 38.224 1.239 2.287 -1.491 42.945 50.313 45.556 41.478 846 3.232 4.757 40.953 51.492 47.923 44.793 -194 3.324 3.569 43.189 50.108 48.086 43.010 860 4.216 2.022 50.501 60.094 54.090 47.460 682 5.948 6.004 51.712 63.392 57.526 49.532 1.034 6.960 5.866 57.586 69.733 63.898 56.107 117 7.674 5.835 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 NET FINANCIAL INVESTMENT FINANCIAL USES OF FUNDS* NET FINAN. SOURCFS OF FUNDS* NET CORPORATE SHARE ISSUES CREDIT MKT. INSTRUMENTS CORPORATE BONDS HOME MORTGAGES OTHER MORTGAGES BANK LOANS N.E.C. OTHER LOANS -9.017 17.237 26.254 1.841 11.626 2.836 252 3.019 5.026 493 -11.865 4.602 16.467 2.218 12.635 3.615 -424 3.106 5.725 613 -8.045 5.340 13.385 2.374 11.687 6.317 -206 2.667 1.572 1.337 -2.486 12.546 15.032 1.924 11.518 5.683 484 4.360 309 682 -7.368 13.039 20.407 2.109 14.804 2.955 160 5.070 5.112 1.507 -10.539 2.425 12.964 1.496 13.063 3.456 -646 4.727 2.711 2.815 -6.919 13.740 20.659 2.216 13.947 4.640 206 6.776 1.321 1.004 -9.593 11.764 21.357 449 17.561 4.550 70 7.953 4.044 944 -11.680 14.663 26.343 -586 19.801 3.913 364 8.966 4.857 1.701 -12.147 14.430 26.577 1.262 21.086 3.994 -336 9.427 5.271 2.730 10 11 12 13 14 15 16 17 18 19 10.291 2.496 4.039 -2.425 2.380 -3.056 3.554 -1.964 5.464 -1.970 3.721 -5.316 5.904 -1.408 4.335 -988 7.700 -572 6.853 -2.624 20 21 4.647 4.632 3.501 3.413 4.289 5.951 5.008 4.462 5.615 7.394 22 20 21 TRADE DEBT OTHER LIABILITIES 22 DISCREPANCY FARM BUSINESS 1 2 3 4 5 6 NET INCOME NET SAVING CAPITAL CONSUMPTION CORPORATE noncorporate 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 FINANCIAL INVESTMENT NET. INCR. IN FINAN. ASSETS DEMAND DEP. ANO CURRENCY miscellaneous ASSETS 18 19 20 21 22 23 24 NET INCREASE IN LIABILITIES CREDIT MARKET INSTRUMENTS 25 26 11*418 -25 3.700 74 3.626 3.675 11.395 -23 3.721 72 3.649 3.698 11.283 -28 3.912 79 3.833 3.884 13.434 -27 4.011 98 3.913 3.984 11.421 -24 4.228 107 4.121 4.204 11.965 -31 4.235 124 4.111 4.204 12.848 -25 4.209 147 4.062 4.184 13.018 11 4.332 158 4.174 4.343 13.103 -159 4.459 180 4.279 4.300 12.135 -47 4.665 189 4.476 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 3.537 602 279 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 1.276 782 240 t»0 190 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 24 181 -767 66 -1.353 235 -765 440 -210 423 -2.795 159 -1.626 266 -1.540 573 -2.066 617 -1.816 339 -2.413 25 26 insurance receivables EQ. IN SPONS. AGS. (1) mortgages bank LOANS n.e.c. OTHER LOANS U.S.GOVT. FICB ♦ BKS FOR COOPS TRADE DEBT proprietor net investment 2.2q8 NONFARM NONCORPORATE BUSINESS 1 NET INCOME 36.612 37.993 39.731 40.257 42.082 41.200 42.711 44.516 45.249 47.943 1 2 3 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 6.290 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 INSURANCE RECEIVABLES EQ. IN SPONS. AGS. (1) -1.464 608 293 165 150 149 1 -737 761 349 282 130 130 0 -75 1.154 807 174 173 168 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 11 12 13 14 15 16 17 18 19 20 21 22 23 NET INCREASE IN LIABILITIES 2.072 1.731 684 126 416 142 1.498 1.116 250 -212 290 172 1.229 958 290 -103 228 165 1.694 1.512 1.217 242 762 213 698 2.366 1.219 80 913 226 458 1.589 818 -323 910 231 1.379 2.299 1.951 103 1.540 308 3.168 3.218 2.219 35 1.800 384 3.897 4.535 2.631 182 2.240 409 4.153 5.289 3.380 -168 3.270 278 18 19 20 21 22 23 572 475 582 284 74 594 160 135 422 725 269 502 353 -5 382 617 657 1.047 473 1.436 24 25 586 -315 -559 741 184 -1.852 498 -1.629 404 -1.324 -50 0 -320 -318 -399 -737 26 27 24 25 26 27 credit market instruments MORTGAGES HOME MORTGAGES multi-family COMMERCIAL BANK LOANS N.E.C. OTHER LOANS TRADE DEBT* NET 1.372 -297 -1.031 679 PROPRIETOR net investment (1) SHARES IN FICB’S* BANKS FOR COOPS* AND LAND BANKS. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST. 1973 TOTAL ♦ NONCORP BUSINESS TOTAL ♦ NONCORP BUSINESS 15 SECTOR STATEMENTS OF SAVING AND INVESTMENT ANNUAL FLOWS. 1965-72 1965 1966 ANNUAL FLOWS, 1967 1968 1969 nonfinancial 1970 1971 1972 1973 1965' •72 1974 BUSINESS - TOTAL 1 2 129.534 71.814 139.117 77.136 136.248 78.387 142.449 79.848 139,466 80.368 128.166 80.390 138.518 92.416 151.173 102.171 INCOME BEFORE TAXES GROSS SAVING 1 2 3 4 5 6 7 8 9 62.913 83.576 73.956 65.825 706 7.425 9.620 68.875 96.441 81.639 75.538 -650 6.751 14.802 72.536 93.427 85.234 77.172 1.970 6.092 8.193 71.493 97.930 90.865 81.999 1.087 7.779 7.065 76.967 108.876 101.071 90.509 123 10.439 7.805 74.675 108,042 103.514 92.044 881 10.589 4,528 79.461 116.565 110.500 94.762 2.942 12.796 6.065 87,212 133.345 127.324 107.983 2.103 17.238 6.021 GROSS INVESTMENT CAPITAL EXPENDITURES FIXED INVESTMENT BUSINESS PLANT ♦ EQUIPMENT 1-4 FAMILY RESIDENT. CONST OTHER RESIDENTIAL CHANGE IN INVENTORIES 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 -20.663 21.214 41.877 -61 29.542 5.392 148 9.091 12.292 2.619 -27.566 13.664 41.230 1.099 32.804 10.224 -952 9.3*0 10.823 3.369 -20.891 18.026 38.917 2.194 36.025 14.658 1.120 9.361 8.163 2.723 -26.437 30.577 57.014 -1.509 40.187 12.893 430 10.909 11.190 4.765 -31.909 30.247 62.156 2.944 45.892 11.975 -416 10.750 14.307 9.196 -33.367 12.831 46.198 4.836 42.463 19.756 322 11.564 5.941 4.880 -37.104 25.173 62.277 11.701 48.461 18.807 1.910 19.546 6.317 1.881 -46.133 33.155 79.288 10.396 59.479 12.187 1.234 26,208 16.492 3.358 NET FINANCIAL INVESTMENT FINANCIAL USES OF FUNDS. NET FINAN. SOURCES OF FUNDS. NET CORPORATE SHARE ISSUES CREDIT MKT, INSTRUMENTS CORPORATE BONDS HOME MORTGAGES OTHER MORTGAGES BANK LOANS N.E.C. OTHER LOANS 10 11 12 13 14 15 16 17 18 19 20 21 12.120 276 10.215 -2.888 8,941 -8.243 17.372 964 18.546 -5.226 5.203 -6.304 3.655 -1.540 14.223 -4.810 22 8.901 8.261 5.851 8.355 3.401 5.715 12.955 14.959 discrepancy 22 NET INCOME NET SAVING 1 2 3 4 5 6 TRADE DEBT OTHER LIABILITIES 20 21 FARM business 1 2 3 4 5 6 14.837 -2 4.981 202 4,779 4.979 16.085 25 5.282 230 5.052 5.307 14.832 -53 5.747 278 5,469 5.694 14.680 16 6.206 253 5.953 6.222 16,741 -25 6.558 321 6.237 6.533 16.902 5 6.391 360 6.031 6.396 16.831 -48 6.826 371 6.455 6.778 20.240 -42 7.421 398 7.023 7.379 7 8 9 10 11 4.979 6.344 4.850 521 973 5.307 5.803 5.421 541 -159 5.694 7.317 6.011 569 f 37 6.222 6.339 5.673 549 117 6.533 6.645 5.899 643 103 6.396 7.045 6.345 478 222 6.778 8.589 6.453 555 1.581 7.379 8.574 7.593 561 420 12 13 14 15 16 17 -1.365 280 100 180 140 40 -496 207 0 207 161 46 -1.623 363 100 263 214 49 -117 579 200 379 277 102 -112 536 100 436 381 55 -649 604 115 489 438 51 -1.811 691 123 568 498 70 -1.195 631 138 493 403 90 18 19 20 21 22 23 24 1.645 3.290 2.233 708 349 80 269 703 3.110 1.782 933 395 -12 407 1.986 3.622 2.276 700 646 158 488 696 2.832 2.242 400 190 -53 243 648 3.176 1.942 628 606 -15 621 1.253 3.249 1.775 827 647 -52 699 2.502 4.098 2.011 1.345 742 47 695 1,826 4.857 2.580 1.814 463 36 427 NET INCREASE IN LIABILITIES 18 CREDIT MARKET INSTRUMENTS 19 mortgages 20 Bank loans n.e.c. 21 other loans 22 U.S.GOVT. 23 Flea ♦ bks for coops 24 25 26 693 -2.338 866 -3.273 816 -2.452 263 -2.399 691 -3.219 967 -2.963 1.211 -2.807 1,000 -4.031 trade debt 25 proprietor net investment 26 capital consumption corporate noncorporate current SURP. = gross saving gross INVESTMENT capital expenditures PLANT AND EQUIPMENT RESIDENTIAL CONSTRUCTION CHANGt IN INVENTORIES NET FINANCIAL INVESTMENT NET. INCR. IN FINAN. ASSETS DEMAND OEP. ANO CURRENCY MISCELLANEOUS ASSETS INSURANCE RECEIVABLES EQ. IN SPONS. AGS. (1) 7 8 9 10 11 12 13 14 15 16 17 NONFARM NONCORPOHATt BUSINESS 1 50.741 53.750 56,402 58.867 59.952 60.331 62.617 63.692 NET 2 3 10.243 10.243 10.678 10.676 11.242 11.241 11.921 11.921 13.122 13.122 14.559 1*.559 15.766 15.766 17.325 17.325 capital consumption CURRENT SURP. s GROSS SAVING 2 3 4 5 6 7 8 9 10 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 16.585 16.060 9.848 5.943 269 525 13.122 18,561 17.580 10.571 7.269 -260 981 14.559 16.948 18,308 10.635 7.471 202 -1.360 15.766 21.232 21.722 11.477 9.051 1.194 -490 17.325 24.110 25,302 12.201 12.330 771 -1.192 gross investment capital expenditures fixed capital plant ♦ equipment 4 5 6 7 11 12 13 14 15 16 17 -4.708 720 0 436 284 271 13 -3.443 850 0 491 359 350 9 -3.492 830 0 428 402 391 11 -4.664 972 0 490 482 471 11 -5.439 1.270 0 598 672 659 13 -2.389 1.270 0 586 684 669 15 -5.466 1.480 0 686 794 781 13 -6.785 1.795 0 1.073 722 710 12 NET FINANCIAL INVEST. NET ACQUIS. OF FINAN. ASSET DEMAND DEP, ♦ CURRENCY CONSUMER CREDIT MISCELLANEOUS ASSETS 18 19 20 21 22 23 5.428 5.747 3.149 74 2.751 324 4.293 5.417 2.366 -476 2.399 443 4.322 4.956 3.708 560 2.800 348 5.636 5.560 3.445 215 2.700 530 6.709 7.357 3.771 -208 3.572 407 3.659 5.272 4.896 161 4.336 397 6.946 8.696 8.002 955 6.171 876 8.580 10.382 9.236 617 7.283 1.336 24 25 959 1.639 1.334 1.717 604 644 1.096 1.019 2.116 1.470 -614 990 205 489 731 415 26 27 -715 396 -1.217 93 688 -1.322 -106 182 -1.115 467 -948 -665 -1.142 -608 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS INCOME 8 MULtl-FAMILY RESID. HOME CONSTRUCTION CHANGE IN INVENTORIES 9 10 insurance receivables EQ. IN SPONS. AGS. (1) 11 12 13 14 15 16 17 NET INCREASE IN LIABILITIES 18 CREDIT MARKET INSTRUMENTS 19 mortgages 20 HOME MORTGAGES 21 multi-family 22 23 commercial BANK LOANS N.E.C. OTHER LOANS 24 25 26 -252 TRADE DEBT, NET PROPRIETOR NET INVESTMENT 27 -1.550 (1) SHARES IN FICB’S, BANKS FOR COOPS, AND LAND BANKS. AUGUST* 1973 CORPORATE BUSINESS 16 CORPORATE BUSINESS sector statements of saving ANO investment ANNUAL FLOWS* 19*6-54 ANNUAL FLOWS. 1946-54 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 NONFINANCIAL CORPORATE BUSINESS 1 2 3 4 5 6 7 8 PROFITS BEFORE TAX - PROFITS TAX ACCRUALS - NET DIVIDENDS PAID « UNDISTRIBUTED PROFITS + FGN. BRANCH PROFITS ♦ INV. VALUATION ADJ. ♦ CAPITAL CONSUMPTION ALL. « GROSS INTERNAL FUNDS 21.898 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 -4.956 8.604 17.948 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 ♦ 15, CAPITAL EXPENDITURES FIXED INVESTMENT PLANT ANO EQUIPMENT 6.018 17.864 11.897 11.304 593 5.967 11.145 17.160 15.920 14.899 1.021 1.240 15.617 20.204 18.151 17.416 735 2.053 18.187 15.225 16.946 15.880 1.066 -1.721 17.204 24.015 19.192 17.704 1.488 4.823 21.625 29.816 21.264 20.943 321 8.552 20.948 24.318 22.087 21.501 586 2.231 20.705 24.516 23.704 23.188 516 812 20.865 21.500 23.427 22.329 1.098 -1.927 9 10 11 12 13 14 15 16 NET FINANCIAL INVESTMENT FINANCIAL USES OF FUNDS.NET -11.846 -1.356 -6.015 8.357 -4.587 4.965 2.962 3.516 -6.811 16.353 -8.191 7.387 -3.370 4.576 -3.811 2.298 -635 4.864 15 16 -5.164 543 0 -5.729 48 0 -26 1.572 1.932 0 -488 91 0 37 1.217 427 0 562 126 0 102 3.053 1.042 0 1.844 134 0 33 4.593 1.319 0 3.173 -66 0 167 2.710 1.637 0 783 98 0 192 -116 782 0 -1.006 139 0 -31 1.991 -91 0 1.593 296 0 193 343 1.779 200 -1.717 115 0 -34 17 18 19 20 21 22 23 560 2.725 523 230 35 258 0 641 5.132 1.012 749 -17 280 0 543 2.289 916 721 -41 236 0 442 -830 851 660 0 191 0 782 10.275 703 621 47 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 24 25 26 27 28 29 30 10.490 6.759 1.003 5.756 14.372 8.614 1.098 7.516 9.552 6.298 1.011 5.287 554 3.221 1.276 1.945 23.164 7.235 1.347 5.888 15.578 9.958 1.842 8.116 7.946 9.213 2.266 6.947 6.109 5.648 1.729 3.919 5.499 6.284 1.469 4.815 31 32 33 34 residential construction CHANGE IN INVENTORIES 17 18 19 20 21 22 23 LIQUID ASSETS DEMAND DEP. AND CURR. TIME OEPOSITS U.S. GUVT. SECURITIES COMMERCIAL PAPER SECURITY R.P.’S STATE AND LOCAL OBLIG. 24 25 26 27 28 29 30 CONSUMER CREDIT TRADE CREDIT MISCELLANEOUS ASSETS FGN. DIR. INVESTMENT (1) FGN. CURRENCIES 31 32 33 34 insurance receivables EQ. IN FED. SPON. AG. FIN. SOURCES OF FUNDS, NET NET FUNDS RAISED IN MKTS. NET NEW SHARE ISSUES DEBT INSTRUMENTS 35 36 37 38 39 corporate BONDS (1) MORTGAGES HOME MORTGAGES MULTI-FAMILY MORTGAGE commercial MORTGAGES 953 1.460 284 173 1.003 2.813 1.599 392 258 949 4.300 1.073 4 437 632 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 35 36 37 38 39 40 41 42 43 BANK LOANS n.e.c. open-market paper 3.485 70 -58 -154 3.163 33 -124 32 -108 -6 42 -14 -1.835 9 -134 127 3.265 77 74 -22 3.753 81 214 18 795 73 482 21 -502 91 126 -3 -626 242 261 -147 40 41 42 43 -2.021 5.756 -4 2.457 3.291 10 854 2.366 34 -2.380 -343 56 7.514 8.335 80 4.670 860 90 -3.253 1.854 132 599 -296 158 -3.283 2.374 124 44 45 46 1.810 -3.031 9.985 1.442 1.841 8.164 3.036 -77 10.975 895 -487 11.803 744 1.940 9.382 -1.740 2.641 16.177 212 1.123 21.746 424 -537 18.369 2.462 1.086 18.405 47 48 49 39.167 228.206 32.221 37.249 136.331 43.799 37.317 108.314 26.168 38.128 79.787 12.775 43.464 133.803 24.518 53.698 149.942 27.220 52.601 114.924 28.567 52.830 116.030 15.985 49.030 92.167 22.395 50 51 52 44 45 46 47 48 49 50 51 52 FINANCE CO. LOANS U.S. GOVERNMENT LOANS PROFIT TAX LIABILITY TRADE DEBT MISCELLANEOUS LIABILITIES DISCREPANCY MEMO- NET TRADE CREDIT PROFITS TAX PAYMENTS PERCENT RATIOS* EFFECTIVE TAX RATE CAP. OUTLAYS/lNT. FUNDS CR.MKT, BORROWINGZCAP.EXP. (1) FOREIGN INVESTMENT EXCLUDES AMOUNTS FINANCED 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* 1973 CORPORATE BUSINESS corporate business 17 sector statements OF SAVING AND INVESTMENT ANNUAL FLOWS* ANNUAL FLOWS* 1955-64 1955 1956 195 7 1958 1959 1960 1961 1962 1963 1964 1955-64 nonfinancial corporate business 1 2 3 4 5 6 7 8 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 -2.693 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 40.075 19.482 11.592 9.001 1.039 192 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 PROFITS BEFORE TaX - PROFITS TAX ACCRUALS - NET DIVIDENDS PAID = UNDISTRIBUTED PROFITS ♦ FGN. BRANCH PROFITS ♦ INV. VALUATION ADJ. ♦ CAPITAL CONSUMPTION ALL, = GROSS INTERNAL FUNOS 1 2 3 4 5 6 7 8 9 10 11 12 13 14 24.517 31.323 26.396 25.618 778 4.927 24.295 35.730 30.846 30.471 375 4.884 27.071 34.481 33.899 33.177 722 582 26.076 27.028 29.565 28.117 1.448 -2.537 30.685 36.666 32.520 30.803 1.717 4.146 28.459 38.745 35.714 34.584 1.130 3.031 30.565 36.333 34.812 32.917 1.895 1.521 37.357 43.636 38.950 36.648 2.302 4.686 38.244 45.167 40.829 38.232 2.597 4.338 43.123 51.625 45.771 43.677 2.094 5.854 GROSS INVESTMENT (10 ♦ 15) CAPITAL EXPENDITURES FIXED INVESTMENT PLANT AND EQUIPMENT 9 10 11 12 13 14 15 16 -6.806 16.521 -11.435 3.962 -7.410 4.219 -952 10.792 -5.981 14.168 -10.286 2.656 -5.768 13.193 -6.279 11.105 -6.923 14.172 -8.502 13.393 net financial investment 15 FINANCIAL uses of funds*net 16 17 18 19 20 21 22 23 5.270 953 -100 4.058 111 0 248 -4.477 -292 0 -4.463 155 0 123 -457 34 0 -729 100 0 138 2.487 1.059 900 303 -254 0 4 79 5.386 -887 -400 6.129 -207 0 751 -4.063 -1.807 2.367 -5.953 1.637 0 -307 3.150 -46 3.029 -324 498 0 -I 3.724 984 1.486 238 714 0 302 4.795 457 2.443 -46 851 0 1.090 1.165 574 -16 -1.564 1.660 618 -107 LIQUID assets DcMANO OEP. AND CURR. TIME DEPOSITS U.S. GOVT. SECURITIES COMMERCIAL paper SECURITY R.P.'S STATE AND LCCAL ORLIG. 24 25 26 27 28 29 30 654 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 1 31 32 33 34 23.327 10.295 1.841 8.454 15.397 12.878 2.218 10.660 11.629 12.046 2.374 9.672 11.744 10.566 1.924 8.642 20.149 12.615 2.109 10.506 12.942 11.939 1.496 10.443 18.961 12.271 2.216 10.055 17.384 12.494 449 12.045 21.095 12.130 -586 12.71b 21.895 14.456 1.262 13.194 35 36 37 38 39 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 40 41 42 43 3.882 -304 250 -22 5.202 95 132 -2 1.114 108 465 59 -264 218 79 11 3.996 -338 847 27 2.246 574 1.564 77 725 355 317 66 2.880 105 -231 213 3.599 -346 632 48 4.527 201 682 199 44 45 46 4.097 8.738 197 -1.983 4.270 232 -2.131 1.559 155 -2.593 3.673 98 2.439 4.857 238 -2.202 3.064 141 1.383 5.234 73 946 3.812 132 1.567 7.403 -5 531 6.913 -5 47 48 49 4.647 895 16.955 4 • 632 1.332 22.082 3.501 -206 21.327 3.413 2.314 18.693 4.289 1.166 18.162 5.951 943 21.616 5.008 2.436 17.960 4.462 764 20.433 5.615 -1.163 20.396 7.394 1.277 23.633 50 51 52 47.109 107.402 26.989 47.181 123.517 29.834 47.333 112.786 28.050 48.140 91.654 31.974 47.990 104.837 28.653 48.613 112.598 26.953 49.004 102.136 27,674 46.650 104.344 27.603 46.513 102.982 28.153 43.520 102.193 25.557 (1) MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS, residential construction change in inventories 17 18 19 20 21 22 23 24 CONSUMER CREOIT TRADE CREDIT 25 MISCELLANEOUS ASSETS 26 FGN. DIR. INVESTMENT (1)27 FgN. CURRENCIES 28 INSURANCE RECEIVABLES 29 EU. IN FED. SPON. AG. 30 FIN. SOURCES OF FUNDS, NET NET *"UNDS RAISED IN MKTS, NET NEW SHARE ISSUES debt instruments 31 32 33 34 (1, 35 36 HOME MORTGAGES 37 multi-family MORTGAGE 38 39 COMMERCIAL MORTGAGES CORPORATE BONOS mortgages BANK LOANS N.E.C. open-market paper FINANCE CO. LOANS U.S. GOVERNMENT LOANS 40 41 42 43 PROFIT TAX LIABILITY 44 TRAOE DEBT 45 MISCELLANEOUS' LIABILITIES 46 DISCREPANCY MEMO- NET TRADE CREDIT PROFITS TAX PAYMENTS PERCENT RATIOS: EFFECTIVE TAX KATE CAP. OUTLAYS/INT. FUNOS cr.mkt. borrowing/cap.exp. FOREIGN INVESTMENT EXCLUOES amounts financed bY BOND issues abroad. AND BOND ISSUES OUTSIDE THE U. S. ARE EXCLUDED FROM FINANCIAL SOURCES OF FUNDS ABOVE. 47 48 49 50 51 52 AUGUST, 1973 CORPORATE BUSINESS CORPORATE BUSINESS SECTOR STATEMENTS OF SAVING ANO INVESTMENT 18 ANNUAL FLOWS, 1965-72 ANNUAL FLOWS, 1965-72 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 NONFINANCIAL CORPORATE BUSINESS 1 2 3 4 5 6 7 8 PROFITS BEFORE TAX - PROFITS TAX ACCRUALS - NET DIVIDENDS PAID « undistributed profits ♦ ♦ ♦ « FGN. BRANCH PROFITS INV. VALUATION ADJ. CAPITAL CONSUMPTION ALL. GROSS INTERNAL FUNDS 9 10 11 12 13 14 GROSS INVESTMENT (10 ♦ 15) CAPITAL EXPENDITURES FIXED INVESTMENT PLANT ANO EQUIPMENT 15 16 NET FINANCIAL INVESTMENT FINANCIAL USES OF FUNOS,NET residential construction CHANGE IN INVENTORIES 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 49.790 60.713 55.734 27.505 19.953 8.276 2.331 -4.801 53.629 59.435 63.990 29.567 20.227 14.196 2.910 -4.920 57.686 69.872 74.158 34.917 21.146 18.095 3.471 -6.917 62.818 77.467 1 2 3 4 5 6 7 8 47.691 62.281 54.374 52.347 2.027 7.907 52.892 76.519 62.146 61.050 1.096 14.373 55.601 71.377 64.125 61.873 2.252 7.252 53.350 75.006 68.583 66.478 2.105 6.423 57.312 83.670 76.949 74.039 2.910 6.721 53.720 84.049 78.383 75.064 3.319 5.666 56.917 86.744 81.770 76.832 4.938 4.974 62.508 100.661 93.868 88.189 5.679 6.793 9 10 11 12 13 14 -14.590 20.214 -23.627 12.607 -15.776 16.833 -21.656 29.026 -26.358 28.441 -30.329 10.957 -29.827 23.002 -38.153 30.729 15 16 17 18 19 20 21 22 23 LIQUID ASSETS DEMAND OEP. AND CURR. TIME DEPOSITS U.S. GOVT. SECURITIES COMMERCIAL PAPER SECURITY R.P.’S STATE AND LOCAL OBLIG. 2.612 311 2.322 -2.479 470 1.068 920 -3.661 318 -1.390 -1.207 -225 -196 -961 4.763 1.532 2.079 -2.537 4.178 -150 -339 7.960 1.714 374 323 4.165 902 482 2.346 2.591 -2.404 -2.261 4.022 1.380 -982 -1.111 395 1.695 314 498 -3.388 -625 10.561 678 3.600 2.036 2.404 843 1.000 5.068 38 3.110 -2.386 1.695 1.611 1.000 17 18 19 20 21 22 23 24 25 26 27 28 29 30 CONSUMER CREDIT TRADE CREDIT miscellaneous ASSETS FGN. DIr. INVESTMENT (1) FGN. CURRENCIES INSURANCE RECEIVABLES EQ. IN FED. SPON. AG. 228 13.987 3.387 3.277 -312 416 6 547 12.000 3.721 3.029 104 565 23 272 8.342 3.456 2.690 84 668 14 -10 18.650 2.426 1.079 532 789 26 325 22.729 3.041 2.243 -414 1.147 65 716 7.121 4.231 3.599 -375 896 111 573 5.629 6.239 3.782 1.387 1.047 23 1.573 19.749 4.339 1.381 1.784 1.156 18 24 25 26 27 28 29 30 34.804 20.444 -61 20.505 36.234 25.376 1.099 24.277 32.609 29.641 2.194 27.447 50.682 30.286 -1.509 31.795 54.799 38.303 2.944 35.359 41.286 38.778 4.836 33.942 52.829 47.368 11.701 35.667 68.882 54.636 10.396 44.240 31 32 33 34 5.392 3.857 74 867 2.916 10.224 4.240 -476 725 3.991 14.658 4.497 560 803 3.134 12.893 5.652 215 670 4.767 11.975 4.621 -208 1.167 3.662 19.756 5.215 161 1.486 3.568 18.807 11.443 955 2.602 7.886 12.167 15.626 617 2.985 12.024 35 36 37 38 39 31 32 33 34 35 36 37 38 39 FIN. SOURCES OF FUNDS, NET NET FUNDS RAISED IN MKTS. NET NEW SHARE ISSUES DEBT INSTRUMENTS CORPORATE BONDS (1) mortgages HOME MORTGAGES multi-family mortgage COMMERCIAL MORTGAGES 40 41 42 43 BANK LOANS N.E.C. OPEN-MARKET PAPER FINANCE CO. LOANS U.S. GOVERNMENT LOANS 10.625 -291 628 294 8.556 956 -65 366 6.859 1.532 -290 191 9.694 1.645 1.747 164 11.643 2.665 4.338 117 5.728 2.562 388 293 4.767 -1.461 1.885 226 13.947 -537 2.776 241 40 41 42 43 44 45 46 PROFIT TAX LIABILITY TRADE DEBT MISCELLANEOUS liabilities 2.162 12.142 56 205 10.566 87 -4.727 7.437 258 2.861 17.215 320 -3.306 18.970 832 -3.706 5.184 1.030 1.991 3.586 -116 611 13.475 160 44 45 46 8.901 1.845 25.758 8.261 1.434 30.460 5.851 905 32.253 8.355 1.435 31.767 3.401 3.759 37.019 5.715 1.937 31.293 12.955 2.043 27.751 14.959 6.274 34.011 47 48 49 41.936 110.052 32.923 42.215 125.127 31.726 42.780 116.150 38.453 47.025 121.555 42.389 49.500 137.812 42.260 49.350 141.413 40.383 46.205 124.146 41.117 47.084 129.940 43.949 50 51 52 47 48 49 50 51 52 DISCREPANCY MEMO- NET TRADE CREDIT PROFITS tax payments PERCENT RATIOS* EFFECTIVE TAX RATE CAP. OUTLAYSZTNT. FUNDS CR.MKT. BORROWING/CAP.EXP. (1) FOREIGN INVESTMENT EXCLUDES AMOUNTS FINANCED 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* 1973 GOVERNMENTS GOVERNMENTS 19 sector statements OF saving ANO INVESTMENT ANNUAL FLOWS* ANNUAL FLOWS* 19*6-54 1945 1946 1947 1948 1949 1951 1950 1952 1953 1954 1946>-54 ’ STATE AND LOCAL GOVERNMENTS - GENERAL funds 1 2 3 4 5 6 7 11.302 1.596 9.772 1.233 1.893 270 1.623 13.005 2.313 12.562 1.739 1.017 335 682 14,.878 2,.695 15,.038 2,.401 134 438 -304 16.291 3.028 17.733 2.309 -723 536 -1.259 17.832 3.306 19.497 2.845 -1.204 674 -1.878 19.601 3.652 21.475 2.217 -439 760 -1.199 21.233 3.977 22.881 2.372 -43 1.027 -1.070 22.867 4.308 24.611 2.418 146 1.324 -1.178 24.180 4.606 27.418 2.481 -1.113 1.488 -2.601 TAX RECEIPTS SOC. INS. ♦ GRANTS RECD. PURCH.OF GOODS ♦ SERVICES NET INTEREST ♦ TRANSFERS PAID NET SURPLUS, NIA BASIS LESS-RETIREMENT CREDIT TO HH. EQUALS-GROSS SAVING 8 9 10 11 12 13 14 15 16 17 18 19 216 409 1.046 867 179 -632 -352 -353 1 -305 25 -5 150 1.732 892 733 159 685 674 673 1 -39 50 155 -1,.064 1,.324 764 493 271 505 435 434 1 20 50 55 -1.846 751 388 236 152 429 66 65 1 313 50 -66 -1.963 1.536 552 451 101 809 460 459 1 284 65 175 -1.275 1.164 547 395 152 490 381 380 1 29 80 127 -2.195 1.911 388 303 85 1.573 1.443 1.306 137 50 80 -50 -2.012 1.993 713 384 329 1.288 1.026 803 223 182 80 -8 -3.955 1.942 828 366 462 1.197 943 807 136 174 80 -83 NET FINANCIAL INVESTMENT NET ACQ. OF FINAN. ASSETS TOTAL DEPOSITS ♦ CURRENCY DEMAND DEPOSITS ♦ CURRENI (IME DEPOSITS CREDIT MKT. INSTRUMENTS U.S. GOVT. SECURITIES 20 21 22 23 24 25 26 193 *7 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 2.497 204 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 4.106 4.006 3.684 193 3.491 322 100 4.005 3.905 4.269 169 4.100 -364 100 5.897 5.747 6.082 110 5.972 -335 150 27 1.407 532 760 587 85 76 1.125 834 1.354 2.502 direct h.S.G. AGENCY SEC. STATE ♦ LOCAL SEC. HOME MORTGAGES TAX RECEIVABLES NET INCR. IN LIABILITIES CREDIT MARKET BORROWING STATE ♦ LOCAL OBLIG. short-term other U.S.GOVT. LOANS TRADE DEBT DISCREPANCY 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 IB 19 20 21 22 23 24 25 26 27 EMPLOYEE RETIREMENT FUNOS ARE IN INSURANCE SECTOR. U.S. GOVERNMENT 1 2 3 4 5 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 TOTAL RECEIPTS, NIA BASIS PERSONAL TAXES CORP. PROFITS TAX ACCRUALS INDIRECT TAXES INSURANCE RECEIPTS 6 7 6 9 10 11 12 13 35.569 17.234 11.814 4.173 2.348 3.523 1.535 1.988 29.920 12.544 10.986 4.267 2.123 13.286 1.428 11.858 34.888 16.515 ll.b80 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 9.82b 5.009 7.516 -5.930 119 -6.049 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 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 -4.495 1.159 2.371 1.490 -1 489 1.002 -7.849 -581 -1.532 562 -4 385 181 -5.446 -3.314 -339 -314 1 69 -384 NET FINAN. INVESTMENT NET ACQUIS. OF FINAN. ASSET DEMAND DEP. ♦ CURRENCY CREDIT MARKET INSTRUMENTS AgF.NCY SECURITIES 14 15 16 17 18 19 20 mortgages other loans tax accruals over receipts other financial assets 1 2 3 4 5 EXCESS OF 21 22 -1.389 -1.171 2.348 1.378 909 320 -2.059 363 7.246 121 4.862 972 -3.637 935 532 -143 -2.923 262 23 24 25 26 27 28 29 -23.836 -23.449 1.216 -24.462 -2U3 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 -406 30 31 604 10.031 -2.357 8.316 -1.377 10.938 -268 11.862 845 9.754 133 16.590 -306 22.177 224 18.925 -603 19.878 21 22 net increase in LIABILITIES 23 O.S. GOVT. SECURITIES SAVINGS BONDS DIRECT EXC. SVGS. BDS. BUDGET agency sec. LIFE ♦ RETIREMENT RES. OTHtR LIABILITIES DISCREPANCY MEMO—CORP. 24 25 26 27 28 29 30 (13-14) TAX RECEIPTS, NET 31 FEDERALLY SPONSORED CREDIT AGENCIES CURRENT SURPLUS 1 0 2 6 G 10 9 31 18 18 2 3 4 5 6 7 8 9 10 11 12 104 2 79 5 0 -76 ISO 10 44 96 23 185 -3 195 -31 0 -72 298 59 108 131 -7 313 -13 357 128 0 -15 244 46 121 77 -31 -10 -6 -32 -3 0 33 -62 7 13 -82 28 454 20 460 -77 0 47 490 32 75 383 -2b 414 -2 417 55 0 58 304 47 156 101 -1 153 7 123 67 0 81 -25 4 18 -47 23 228 43 61 94 0 89 -1?2 42 -252 88 124 372 -27 316 260 0 101 -45 -10 50 -85 83 NET INCREASE IN ASSETS DEMAND DEo. ♦ CURRENCY CREDIT MKT. INTRUMENTS U.S. GOVT. SECURITIES RESIDENTIAL MORTGAGES (1) farm MORTGAGES OTHER LOANS TO COOPS (HC) TO FARMERS (FICB) TO S ♦ L'S (FHLB) MISCELLANEOUS ASSETS 2 3 4 5 6 7 6 9 10 11 12 13 14 15 16 17 18 79 295 295 0 -216 -25 157 116 lib 0 41 -26 305 275 275 0 30 -2 -23 -112 -112 0 89 -8 428 381 381 0 47 -16 393 227 227 0 166 -12 122 47 47 0 75 0 211 -3 -3 0 214 1 358 -35 -35 0 393 4 NET INCREASE IN LIABILITIES CREDIT MKT. INSTRUMENTS AGENCY SECURITIES (1) U.S, GOVERNMENT LOANS MISCELLANEOUS LIABILITIES DISCREPANCY 13 14 15 16 17 18 THIS GROUP CONSISTS OF FEDERAL HOME LOAN BANKS, FEDERAL NATIONAL MORTGAGE ASSOCIATION, FEDERAL INTERMEDIATE CREDIT BANKS, HANKS FOR COOPERATIVES, AND FEDERAL LAND HANKS. THESE AGENCIES ARE PRIVATELY OWNED AND ARE EXCLUDED FROM U.S. GOVERNMENT BUDGET ACCOUNTS AS OF 1969 AND FROM U.S. GOVERNMENT FIGURES IN THESE ACCOUNTS FOR ALL YEARS. (1) MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS, ALL GNMA-GUARANTEED SECURITIES BACKED BY MORTGAGE POOLS ARE INCLUDED IN AGENCY SECURITIES (LINE 13). THE MORTGAGE POOLS ARE INCLUDED IN RESIDENTIAL MORTGAGES (LINE 5). 1 AUGUST. 1973 GOVERNMENTS GOVERNMENTS 20 sector statements of saving and investment ANNUAL FLOWS. 1955-64 ANNUAL FLOWS. 1955-64 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 STATE AND LOCAL GOVERNMENTS - general FUNDS 1 2 3 4 5 6 7 TAX RECEIPTS SOC. INS. ♦ GRANTS RECD. PURCH.OF GOODS ♦ SERVICES NET INTEREST ♦ TRANSFERS PAID NET SURPLUS, NTA BASIS LESS-RETIREMENT credit TO HH. EQUALS-GROSS SAVING 8 NET FINANCIAL INVESTMENT 9 NET ACQ. OF FINAN. ASSETS 10 TOTAL DEPOSITS ♦ CURRENCY DEMAND DFPOSITS ♦ CURREN 11 TIME DEPOSITS 12 CREDIT MKT. INSTRUMENTS 13 U.S. GOVT. SECURITIES 14 DIRECT 15 U.S.G. AGENCY SEC. 16 17 STATE ♦ LOCAL SEC. HOME MORTGAGES 18 TAX RECEIVABLES 19 20 21 22 23 24 25 26 26*465 4.928 30.106 2.559 -1.272 1.304 -2.576 29.348 5.348 32.994 2.575 -873 1.274 -2.147 31.682 6.470 36.585 2.924 -1.357 1.675 -3.032 33.518 8.119 40.564 3.414 -2.341 1.770 -4.111 36.461 9.556 43.346 3.484 -813 1.926 -2.739 40.325 9.526 46.090 3.547 214 2.158 -1.944 43.151 10.447 50.217 3.907 -526 2.381 -2.907 47.107 11.474 53.731 3.914 936 2.356 -1.420 50.470 12.920 58.240 3.964 1.186 2.560 -1.374 54.930 14.531 63.529 4.256 1.676 3.040 -1.364 1 2 3 4 5 6 7 -4.180 1.258 -24 39 -63 1.092 952 1.001 -49 12 128 190 -3.345 414 -500 -544 44 923 745 805 -60 1 177 -9 -4.496 102 -274 -657 383 465 178 7 171 110 177 -89 -5.223 655 589 -217 806 126 -67 -260 193 147 46 -60 -3.662 2.903 1.284 1.694 -410 1.494 1.247 1.210 37 -23 270 125 -3.350 2.214 1.538 160 1.378 672 694 598 96 33 -55 4 -3.539 1.984 1.320 412 908 619 -96 83 -179 16 699 45 -3.358 2.636 1.519 534 985 1.024 1.106 1.241 -135 -190 108 93 -1.953 4.248 3.156 1.513 1.643 910 1.087 879 208 -239 62 182 -3.451 3.084 3.351 1.632 1.719 -488 -370 -219 -151 -111 -7 221 8 9 10 11 12 13 14 15 16 17 18 19 5.438 5.288 5.276 28 5.248 12 150 3.759 3.659 3.591 94 3.497 68 100 4.598 4.398 4.247 175 4.072 151 200 5.878 5.678 5.498 415 5.083 180 200 6.565 6.465 6.280 403 5.877 185 100 5.564 5.485 5.280 284 4.996 205 79 5.523 5.311 5.085 236 4.849 226 212 5.994 5.862 5.358 -ii 5.369 5o4 132 6.201 5.956 5.723 446 5.277 233 245 6.535 6.262 6.001 761 5.240 261 273 20 21 22 23 24 25 26 1.604 1.198 1.464 1.112 923 1.406 632 1.938 579 2.087 27 NET INCR. IN LIABILITIES CREDIT MARKET BORROWING STATE ♦ LOCAL OBLIG. SHORT-TERM OTHER U.S.GOVT. LOANS TRADE DEBT 27 DISCREPANCY EMPLOYEE RETIREMENT FUNDS ARE IN INSURANCE SECTOR. U.S. GOVERNMENT TOTAL RECEIPTS, NIA BASIS PERSONAL TAXES CORP. PROFITS TAX ACCRUALS INDIRECT TAXES INSURANCE RFCEIPTS 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 SFRVICES GRANTS AND DONATIONS NET INTEREST INSURANCE 8FNEFITS NET SURPLUS, NlA BASIS less-insurancf credits TO HH EQUALS-GROSS SAVING 66.094 44.090 11.042 4.928 8,034 3.992 524 3.468 71.866 45.586 12.038 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 1.292 -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 -2.682 4.906 658 1.778 -1 1.265 514 1.650 932 1.043 1.003 6 191 806 -5.330 3.019 17 1.628 25 375 1.228 -4.616 3.715 945 2.022 -31 132 1.921 -1.0H 3.918 -386 1.507 29 -445 1.923 -2.604 4.503 572 2.768 -18 -105 2.891 14 15 16 17 18 19 20 21 22 NET FINAN. INVESTMENT NET ACQUIS. OF FINAN. ASSET DEMAND DEP. ♦ CURRENCY CREDIT MARKET INSTRUMENTS AGENCY SECURITIES MORTGAGFS OTHER LOANS EXCESS OF TAX ACCRUALS OVER RECFIPTS OTHER FINANCIAL ASSETS 2.285 25 -2.136 1.252 -2.260 878 -2.383 -222 2.431 39 -1.435 321 722 652 837 -89 1.847 950 1.098 65 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. LIFE ♦ RETIREMENT RES. 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 (13-14) MEMO—CORP. TAX RECEIPTS, NET -115 18.363 979 22.760 312 22.443 -123 20.424 442 20.023 810 23.161 509 21.029 -308 21.909 382 22.793 -1.791 25.342 30 31 1 2 3 4 5 FEDERALLY SPONSORED CREDIT AGENCIES 20 21 26 29 35 40 50 59 60 65 1 2 NET INCREASE IN ASSETS DEMAND DEP. ♦ CURRENCY 3 CREDIT MKT. INTRUMENTS 4 U.S. GOVT. SECURITIES 5 RESIDENTIAL MORTGAGES (1) 6 FARM MORTGAGES 7 8 OTHER LOANS 9 TO COOPS (BC) 10 TO FARMERS (FICB) TO S ♦ L’S (FHLB) 11 MISCELLANEOUS ASSETS 12 963 20 1.016 127 86 216 587 9 28 550 -73 975 0 1.026 268 563 244 -49 86 54 -189 -51 1.380 -19 1.299 -83 987 176 219 -3 185 37 100 325 12 319 91 -255 170 313 56 224 33 -6 2.290 32 2.224 100 669 273 1.182 112 234 836 34 1.234 -5 1.187 145 853 204 -15 27 111 -153 52 1.118 55 1.033 -78 -31 264 878 48 149 681 30 1.667 20 1.616 373 -26 224 1.045 38 190 817 31 1.452 -26 1.554 412 -784 257 1.669 105 259 1.305 -76 704 -14 736 -415 -65 409 807 118 148 541 -18 2 3 4 5 6 7 8 9 10 11 12 13 NET INCREASE IN LIABILITIES CREDIT MKT. INSTRUMENTS 14 AGENCY SECURITIES (1) 15 16 U.S. GOVERNMENT LOANS MISCELLANEOUS LIABILITIES 17 18 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 13 14 15 16 17 18 1 CURRENT SURPLUS 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 AND ARE EXCLUDED FROM U.S. GOVERNMENT BUDGET ACCOUNTS AS OF 1969 AND FROM U.S. GOVERNMENT FIGURES IN THESE ACCOUNTS FOR ALL YEARS. (1) ALL GNMA-GUARANTEED SECURITIES BACKED BY MORTGAGE POOLS ARE INCLUDED IN AGENCY SECURITIES (LINE 13). THE MORTGAGE POOLS ARE INCLUDED IN RESIDENTIAL MORTGAGES (LINE 5). MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST* 1973 GOVERNMENTS GOVERNMENTS 21 sector statements of saving ano investment ANNUAL FLOWS, ANNUAL FLOWS. 1965-72 1965 1966 1967 1968 1969 1971 1970 1972 1973 1965-72 1974 STATE AND LOCAL GOVERNMENTS - GENERAL FUNOS 1 2 3 4 5 6 7 59.843 15.609 70.108 4.382 962 3.294 -2.332 65.806 19.366 79.040 4.866 1.266 4.226 -2.960 72.018 21.518 89.387 5.702 -1.553 4.093 -5.646 82.028 25.092 100.793 6.673 -346 4.837 -5.183 92.103 27.610 111.184 7.844 685 5.062 -4.377 102.265 32.705 123.349 9.863 1.758 6.270 -4.512 113.784 38.534 136.229 12.045 4.044 6.824 -2.780 128.771 48.384 150.538 13.485 13.132 7.262 5.870 8 9 10 11 12 13 14 15 16 17 18 19 -3.041 4.989 1.992 -382 2.374 2.849 2.925 2.881 44 -56 -20 148 -2.836 3.929 2.124 848 1.276 1.588 1.665 2.297 -632 -42 -35 217 -4.796 3.766 3.588 1.158 2.430 -76 -118 -535 417 0 42 254 -4.484 5.952 3.003 -215 3.218 2.285 2.181 -489 2.670 46 58 664 -9.419 1.768 -4.477 1.413 -5.890 6.885 6.871 3.536 3.335 65 -51 -640 -5.238 6.581 8.401 -1.604 10.005 -962 -969 -390 -579 32 -25 -858 -13.514 4.046 6.188 -971 7.159 -2.438 -2.248 -1.195 -1.053 -206 16 296 -1.826 11.046 8.596 1.819 6.777 1.961 2.106 1.383 723 -155 10 489 20 21 22 23 24 25 26 8.030 7.658 7.345 618 6. 727 313 372 6.765 6.274 5.647 661 4.986 627 491 8.562 7.944 7.769 1.823 5.946 175 618 10.436 9.826 9.516 143 9.373 310 610 11.187 10.673 9.927 2.766 7.161 746 514 11.819 11.404 11.327 2.343 8.964 77 415 17.560 16.991 16.626 2.434 14.192 365 569 12.872 12.275 11.930 -996 12.926 345 597 27 709 -124 -850 -699 5.042 726 10.734 7.696 TAX RECEIPTS SOC. INS. ♦ GRANTS RECD. PURCH.OF GOODS ♦ SERVICES NET INTEREST ♦ TRANSFERS PAID NET SURPLUS, NIA BASIS LESS-RETIREmENT CREDIT TO HH. fcUUALS-GROSS SAVING NET FINANCIAL INVESTMENT NET ACU. OF FInAN. assets total DEPOSITS ♦ CURRENCY demand DEPOSITS ♦ CURREN time DEPOSITS CREDIT MKT. INSTRUMENTS U.S. rOVT. securities uirect U.S.G. AGENCY SEC. STATE ♦ LOCAL SEC. HOME MORTGAGES TAX RECEIVABLES NET INCR. IN LIABILITIES CREDIT MARKET BORROWING STATE ♦ LOCAL OBLIG. SHORT-TERM OTHFR u.s.govt, loans trade deht discrepancy 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 EMPLOYEE RETIREMENT FUNDS ARE IN INSURANCE SECTOR. U,,S. GOVERNMENT 1 2 3 4 5 124,728 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 46.909 192.026 92.221 31.035 19.320 49.450 198.851 89.894 33.334 20.415 55.208 228.684 107.917 37.830 19.915 63.022 TOTAL RtCElPTS, NIA BASIS 6 7 8 9 10 11 12 13 123.497 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 6.537 203.927 96,182 45.079 14.590 48.076 -11.901 2.487 -14.388 221.045 98.067 46.970 13.605 62.403 -22.194 2.914 -25.108 244.576 104.446 47.836 13.452 78.842 -15.892 3.222 -19.114 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 6 7 8 9 10 II 12 13 14 15 16 17 18 19 20 -865 3.033 -1.400 2. 773 34 -119 2.858 -751 5.449 -86 4.911 1.311 838 2.762 -12.793 2.923 993 4.552 -87 881 3.758 -8.416 7.442 -1.680 4.937 135 1.124 3.678 6.148 3.672 1.143 2.876 -1.300 707 3.469 -15.182 686 2.452 2.833 -97 345 2.585 -25.000 4.055 3.301 3.222 -4 37 3.189 -20.116 868 -968 2.313 5 -243 2.551 14 15 16 17 18 19 20 21 22 1.160 500 -722 1.346 -4.387 1.765 1.699 2.486 -2.554 2.207 -2.349 -2.250 1.333 -3.801 500 -977 NET FINAN. INVESTMENT NET ACQUIS. OF FINAN. ASSET DEMAND DEP. ♦ CURRENCY CREDIT MARKET INSTRUMENTS AGENCY SECURITIES MORTGAGES OTHER LOANS EXCESS OF tax accruals OVER RECEIPTS other FINANCIAL ASSETS 23 24 25 26 27 28 29 3.898 1.768 635 666 467 1.449 681 6.200 3.633 654 1.686 1.293 1.360 1.207 15.716 13.005 890 8.023 4.092 1.395 1.316 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 29.055 25.500 2.425 23.598 -523 2.914 641 20.984 17.317 3.295 10.624 3.398 3.22? 445 net increase in liabilities 23 30 31 647 28.113 -824 32.794 -979 35.130 610 35.009 389 39.175 794 33.384 -108 32.001 1.002 37.330 30 DISCREPANCY (13-14) MEMO—CORP. TAX RECEIPTS* NET 31 personal taxes CORP. PROFITS TAX ACCRUALS INDIRECT TAXES INSURANCE RECEIPTS U.S. GOVT. SECURITIES SAVINGS BONOS DIRECT EXC. SVGS. BDS. BUDGET AGENCY SEC. LIFE ♦ RETIREMENT RES. other liabilities 1 2 3 4 5 21 22 24 25 26 27 28 29 FEDERALLY SPONSORED CREDIT AGENCIES 1 80 100 73 95 96 71 84 84 2 3 4 5 6 7 8 9 10 11 12 2.285 -15 2.231 107 523 563 1.038 97 269 672 69 5.060 3 5.117 984 1.876 677 1.580 235 407 938 -60 -108 3 -93 -25 1.126 651 -1.845 216 488 -2.549 -18 3.238 3 3.241 -108 1.645 517 1.187 71 243 873 -6 9.172 49 9.032 -245 3.883 588 4.806 155 621 4.030 91 10.795 -37 9.880 1.723 5.361 473 2.323 298 699 1.326 952 3.410 54 2.802 -1.525 5.598 730 -2.001 -17 695 -2.679 554 6.610 -48 6.013 -1.418 5.486 1.190 755 285 427 43 645 13 14 15 16 17 18 2.230 2.114 1.909 205 116 25 5.014 4.825 5.058 -233 189 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 8.234 8.234 0 2.544 54 3.315 4.296 4,296 0 -981 -11 6.464 6.182 6.182 0 282 -62 CURRENT SURPLUS NET INCREASE IN ASSETS UEMAND DEP. ♦ CURRENCY CREDIT MKT. INTRUMENTS U.S. GOV'. SECURITIES RESIDENTIAL MORTGAGES FARM MORTGAGES OTHER LOANS TO COOPS (BC) TO FARMERS (FICB) TO S ♦ L’S (FHLB) MISCELLANEOUS assets 1 (1) net INCREASE IN LIABILITIES CREDIT MKT. INSTRUMENTS AGENCY SECURITIES (1, U.S. GOVERNMENT LOANS MISCELLANEOUS LIABILITIES DISCREPANCY 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 AND ARE EXCLUDED FROM U.S. GOVERNMENT BUDGET ACCOUNTS AS OF 1969 AND FROM U.S. GOVERNMENT FIGURES IN THESE ACCOUNTS FOR ALL YEARS. (1) MONEY AMOUNTS ARF IN MILLIONS OF DOLLARS, ALL GNMA-GUARANTEED SECURITIES BACKED BY MORTGAGE POOLS ARE INCLUDED IN AGENCY SECURITIES (LINE 13). THE MORTGAGE POOLS ARE INCLUDED IN RESIDENTIAL MORTGAGES (LINE 5). 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 AUGUST* 1973 BANKING SYSTEM BANKING SYSTEM SECTOR STATEMENTS OF SAVING AND INVESTMENT 22 ANNUAL FLOWS* 1946-54 ANNUAL FLOWS, 1946-54 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 MONETARY AUTHORITIES 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 CURRENT SURPLUS 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 NET INCREASE IN LIABILITIES MEMBER BANK RESERVES VAULT CASH OF COML. BANKS DEMAND OFPOSITS AND CURRENCY DUE TO U.S. GOVERNMENT DUE TO REST OF THE WORLD CURRENCY OUTSIDE BANKS OTHER 82 6 53 34 -15 30 44 41 37 1 -310 464 223 2 -186 -813 -912 1.032 1.946 0 -45 18 -887 -791 2.433 1.488 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 -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 COMMERCIAL BANKING (1) 642 56 643 103 699 129 723 129 756 151 919 181 843 209 897 225 799 274 1 2 NET ACQ. OF FINAN. ASSETS DEMAND DEP. ♦ CURRENCY TOTAL BANK CREDIT CREDIT MARKET INSTRUMENTS U.S. GOVT SECURITIES DIRECT AGENCY issues -9.542 -21 -9.989 -6.323 -15.778 -15.935 157 4.240 -2 2.116 3.220 -5.659 -5.679 20 564 -9 -2.339 -2.597 -5.721 -6.649 928 2.476 -8 6.249 5.869 4.491 4.413 78 8.381 -5 6.797 6.524 -5.135 -4.943 -192 9.472 37 6.410 6.658 -727 -470 -257 9.411 -4 9.286 8.629 2.154 1.856 298 4.311 3 4.202 3.699 1.581 90 1.491 9.711 -6 10.523 9.518 5.744 5.624 120 3 4 5 6 7 8 9 10 11 12 13 14 OTHER SFCURITIES ♦ MTG. STATE ♦ LOCAL OBLIG. CORPORATE BONDS HOME MORTGAGES OTHER MORTGAGES 2.904 429 13 1.701 761 3.057 892 -45 1.727 483 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 10 11 12 13 14 15 16 17 18 OTHER CR. EXC. SECURITY CONSUMER credit 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 -439 983 -1.485 63 7.890 1.601 6.041 248 5.247 81 4.736 430 4.461 1.913 2.322 226 458 1.529 -1.028 -43 463 -5 451 17 15 16 17 18 0 -3.666 1 -1.105 0 258 1 379 1 272 2 -250 5 652 3 500 14 991 19 20 401 15 52 1.930 16 180 2.342 21 549 -3.879 41 73 1.277 32 280 2.898 46 81 -50 47 132 -31 13 124 -1.327 40 481 21 22 23 -10.110 -13.824 -21.521 7.697 3.817 2.229 -1,646 3.875 244 -576 995 -1.571 2.046 841 733 108 7.890 5.595 -265 5.860 9.070 6.819 553 6.266 8.975 5.159 1.582 3.577 3.854 123 -795 918 9.052 4.513 26 4.487 24 25 26 27 1 2 CURRENT SURPLUS PLANT ♦ EQUIPMENT 3 4 5 6 7 8 9 19 20 CORPORATE EQUITIES SECURITY CREDIT 21 22 23 VAULT CASH ♦ MEM.BK.RES. OTHER INTERBANK CLAIMS MISCELLANEOUS ASSETS 24 25 26 27 NET INCREASE IN LIABILITIES DEMAND DEPOSITS, NET U.S. GOVERNMENT OTHER 28 29 30 31 TIME DEPOSITS LARGE NEGOTIABLE 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 28 29 30 31 32 33 34 35 36 37 38 39 F.R. FLOAT BORROWING AT F.R. BANKS OTHER INTERBANK CLAIMS CREDIT MARKET DEBT PROFIT TAX LIABILITIES MISCELLANEOUS LIABILITIES LIAB. TO FGN. AFFILIATES OTHER 2 -186 15 39 16 13 -148 161 -45 18 16 18 -110 320 182 138 6 -1 21 45 48 101 179 -78 -7 -25 41 16 44 643 363 280 834 59 32 77 117 840 338 502 -184 -48 46 144 162 395 460 -65 -217 108 47 137 178 445 135 310 -32 -114 13 114 174 113 -69 182 -127 -3 40 231 -26 593 140 453 32 33 34 35 36 37 38 39 18 117 250 164 114 336 198 215 -134 40 40 DISCREPANCY <1, CONSISTS OF CHARTERED COMMERCIAL BANKS, THEIR DOMESTIC AFFILIATES, EDGE ACT CORPORATIONS, AGENCIES OF FOREIGN BANKS, AND BANKS IN U.S. POSSESSIONS. EDGE ACT CORPORATIONS AND AGENCIES OF FOREIGN BANKS APPEAR TOGETHFR IN THESE TABLES AS "FOREIGN BANKING AGENCIES." MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST* 1973 BANKING SYSTEM BANKING SYSTEM 23 SECTOR STATEMENTS OF SAVING AND investment ANNUAL FLOWS* 195«?-64 ANNUAL FLOWS* 1955 1956 1957 1958 1959 1961 1960 1962 1963 1955-64 1964 monetary AUTHORITIES 1 32 53 69 59 -192 29 67 66 56 -467 2 3 4 5 6 7 8 598 -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 L.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 9 10 11 566 129 213 459 54 579 -44 -25 74 -252 -530 -86 180 -330 -237 -1.103 -1.093 334 1.320 306 343 1.594 67 830 2.105 -405 -260 3.830 801 273 12 13 14 15 -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 68 706 -128 90 -2 590 19 264 -76 2.614 -32 191 53 1.654 858 CURRENT SURPLUS 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 NET INCREASE IN LIABILITIES member bank reserves VAULT CASH OF COML. BANKS DEMAND DEPOSITS ANO CURRENCY DUE TO U.S. GOVERNMENT CUE TO HEST OF THE WORLD CURRENCY OUTSIDE BANKS OTHER 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 commercial BANKING (1) CURRENT SURPLUS PLANT ♦ EQUIPMENT 1 2 25.997 10 23.188 22.723 304 -219 523 NET ACQ. OF FINAN. ASSETS DEMAND DEP. ♦ CURRENCY TOTAL BANK CREDIT CREDIT MARKET INSTRUMENTS U.S. GOVT SECURITIES DIRECT AGENCY ISSUES 3 4 5 6 7 8 9 8.875 3.945 -8 2.781 2.157 8.197 3.572 63 2.310 2,252 OTHER SECURITIES ♦ MTG. STATE ♦ LOCAL OBLIG. CORPORATE BONDS HOME mortgages other MORTGAGES 10 11 12 13 14 8.068 2.274 5.841 -47 11.636 3.533 7.929 174 14.222 3.816 9.694 712 7 1.083 3 960 3 979 18 447 -759 77 1.086 649 168 768 897 -9 648 -665 32 740 1.074 191 1.534 3.746 1.351 800 551 8.797 2.053 895 1.158 16.969 5.084 1 5.083 20.287 4.536 1.212 3.324 18.483 2.163 -610 2.773 24.234 6.690 -38 6.728 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 14.563 2.706 11.831 26 TIME DEPOSITS LARGE NEGOTIABLE CD’S OTHER AT COMMERCIAL BKS, AT FGN. BANKING AG. 28 29 30 31 -241 25 7 286 81 230 -195 425 -128 -4 32 62 -23 919 190 729 294 407 -5 130 -460 958 45 913 257 -428 77 93 999 -89 912 -1.001 453 90 168 189 -891 2.459 267 2.192 603 -78 -9 81 495 -916 -109 -807 -303 -6 32 313 -451 2.326 372 1.954 6 125 191 1.252 213 1.194 560 634 F.R. ELOaT BORROWING AT F.R, BANKS OTHER INTERBANK CLAIMS CREDIT MARKET DEBT PROFIT tax liabilities MISCELLANEOUS LIABILITIES LIAB, TO FGN. AFFILIATES OTHER 32 33 34 35 36 37 38 39 385 -223 766 -275 -350 642 -649 1 2 1.227 350 1.467 387 1.400 423 1.089 473 1.880 577 1.607 500 1.341 596 1.544 657 1.727 892 1.916 802 3 4 5 6 7 8 9 5.295 7 5.041 4.356 -8.271 -7.432 -839 6.133 21 4.771 5.422 -3.255 -2.972 -283 5.737 28 5.097 5.044 -323 -334 11 15.228 17 15.521 15.033 8.754 8.179 575 4.283 -29 5.059 4.812 -8,828 -7.707 -1.121 9.900 17 9.479 9.135 2.464 2.067 397 17.989 36 16.368 15.278 6.288 5.610 678 21.524 12 19.976 19.013 1.251 -162 1.413 18.676 10 18.559 17.577 -2.934 -3.265 331 10 11 12 13 14 2.400 196 -226 1.775 655 1.245 -57 -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 1.065 607 -203 42 619 4.234 2.782 -183 796 839 9.694 5.691 -32 2.091 1.944 15 16 17 18 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 7.504 512 5.606 1.747 4.071 -212 4.756 865 3.373 518 19 20 2 683 5 -656 13 40 7 481 8 239 19 325 21 22 23 342 7 -102 633 58 650 49 7 556 -616 32 274 -567 -5 -175 24 25 26 27 4.696 2.140 -463 2.603 5.592 1.815 24 1.791 5.145 -652 165 -817 14.389 5.568 352 5.216 28 29 30 31 1.325 0 1.337 -12 2.110 0 2.054 56 5.409 0 5.473 -64 32 33 34 35 36 37 38 39 777 97 7 -51 -376 777 96 681 80 -82 58 272 306 1.033 363 6/0 40 278 53Q 4 (1) MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS, OTHER CR. EXC. SECURITY 15 CONSUMER CREDIT 16 BANK LOANS N.E.C. 17 opfn-market paper 18 CORPORATE EQUITIES SECURITY CREDIT 19 20 VAULT CASH ♦ MEM.BK.RES. OTHER INTERBANK CLAIMS MISCELLANEOUS ASSETS 21 22 23 NET INCREASE IN LIABILITIES DEMAND DEPOSITS* NET U.S. GOVERNMENT OTHER 24 25 26 ,27 DISCREPANCY CONSISTS OF CHARTERED COMMERCIAL BANKS* THEIR DOMESTIC AFFILIATES* EDGE ACT CORPORATIONS* AGENCIES OF FOREIGN BANkS. «ND BANKS IN U.S. POSSESSIONS. EDGE ACT CORPORATIONS AND1 AGENCIES OF FOREIGN BANKS APPEAR TOGETHER IN THESE TABLES AS "FOREIGN BANKING AGENCIES." 40 AUGUST* 1973 BANKING SYSTEM BANKING SYSTEM sector statements of saving and investment 24 ANNUAL FLOWS. 1965-72 ANNUAL FLOWS* 1965-72 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 MONETARY AUTHORITIES 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 CURRENT SURPLUS 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 26 18 28 21 40 21 -55 101 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 2.072 -371 686 -369 1.942 184 339 2 3 4 5 6 7 8 2.229 403 319 4.206 1.347 599 4.823 1.298 481 3.623 767 1.264 4.131 226 115 5.266 2.065 -273 8.335 3.638 494 1.971 -2.141 1.125 9 10 11 -4 -68 2.118 -539 164 204 1.978 -86 875 -9 2.112 66 -1.012 81 2.432 91 514 -100 2.848 528 -382 -31 3.481 406 897 119 3.392 -205 -284 -96 4.412 -1.045 12 13 14 15 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 COMMERCIAL BANKING (1) 2.103 882 2.467 1.022 2.335 976 3.017 1.314 3.744 1.863 3.329 2.139 2.818 2.334 3.667 2.487 1 2 NET ACQ. OF FINAN. ASSETS DEMAND DEP. ♦ CUHRENCY TOTAL BANK CREDIT CREDIT MARKET INSTRUMENTS U.S. GOVT SECURITIES DIRECT AGENCY ISSUES 29.875 -7 28.610 28.711 -2.790 -3.378 588 21.317 32 18.125 17.465 -3.138 -3.412 274 40.871 50 37.393 35.869 9.405 6.468 2.937 46.270 23 40.127 38.741 3.254 2.053 1.201 21.964 35 17.187 18.247 -10.016 -9.708 -308 45.234 103 36.603 35.068 10.427 6.918 3.509 58.492 127 51.350 50.592 6.944 3.115 3.829 78.256 169 74.597 69.711 6.463 2.400 4.063 3 4 5 6 7 8 9 10 11 12 13 14 OTHER SFCURITIES ♦ MTG. STATE ♦ 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 23.822 12.607 1.275 5.691 4.249 24.828 6.318 1.711 8.984 7.815 10 11 12 13 14 15 16 17 18 OTHER CR. EXC. SECURITY CONSUMER credit BANK loans N.E.C. OPEN-MARKET paper 20.679 4.608 16.387 -316 13.500 2.613 9.751 1.136 11.900 2.365 7.488 2.047 19.955 5.680 15.657 -1.382 22.711 4.664 17.566 481 10.709 2.893 5.834 1.982 19.826 6.689 12.351 786 38.420 10.084 28.540 -204 15 16 17 18 57 -158 63 597 64 1.460 66 1.320 49 -1.109 94 1.441 -17 775 129 4.757 19 20 722 62 488 1.946 9 1.205 1.779 952 697 2.031 700 3.389 341 1.619 2.782 1.792 1.692 5.044 4.132 1.664 1.219 -1.016 1.428 3.078 21 22 23 28.546 5.222 -985 6.207 20.100 1.559 -533 2.092 39.149 12.019 242 11.777 44.432 13.276 -224 13.500 20.110 4.945 44 4.901 43.531 11.209 2.884 8.325 56.292 12.995 2.231 10.764 75.612 16.352 706 15.646 24 25 26 27 1 2 CURRENT SURPLUS PLANT ♦ EQUIPMENT 3 4 5 6 7 8 9 19 20 CORPORATE EQUITIES SECURITY CREDIT 21 22 23 VAULT CASH ♦ MEM.BK.RES. OTHER INTERBANK CLAIMS MISCELLANEOUS ASSETS 24 25 26 27 NET INCREASE IN LIABILITIES DEMAND DEPOSITS, NET U.S. GOVERNMENT OTHER 28 29 30 31 TIME DEPOSITS LARGE NEGOTIABLE CD’S OTHER AT COMMERCIAL BKS. AT FGN. BANKING AG. 20.108 3.666 16.367 75 13.289 -592 13.843 38 23.914 4.671 19.132 111 20.721 3.138 17.429 154 -9.465 -12.549 2.853 231 37.965 15.155 22.434 376 41.363 8.685 32.418 260 42.343 9.760 33.045 -462 28 29 30 31 32 33 34 35 36 37 38 39 F.R. FLOAT BORROWING AT F.R. BANKS OTHER INTERBANK CLAIMS CREDIT MARKET DEBT PROFIT TAX LIABILITIES MISCELLANEOUS LIABILITIES LIAB. TO FGN. AFFILIATES OTHER -358 -60 62 1.813 -132 1.891 72 1.819 262 77 9 -48 -31 4.983 2.942 2.041 66 -32 952 54 -81 2.257 703 1.554 867 47 700 1.295 -51 7.577 2.318 5.259 -3 -5 1.619 6.063 78 16.878 7.936 8.942 821 152 1.692 -4.915 340 -3.733 -6.939 3.206 82 -296 1.664 3.257 -27 -2.746 -4.069 1.323 -369 1.942 1.428 4.816 -200 9.300 933 8.367 32 33 34 35 36 37 38 39 -108 228 -363 -135 27 -513 -1.716 -1.464 40 40 DISCREPANCY (1) CONSISTS OF CHARTERED COMMERCIAL BANKS* THEIR DOMESTIC AFFILIATES* EDGE ACT CORPORATIONS. AGENCIES OF FOREIGN BANKS* AND BANKS IN U.S. POSSESSIONS. EDGE ACT CORPORATIONS AND AGENCIES OF FOREIGN BANKS APPEAR TOGETHFR In THESE TABLES AS "FOREIGN BANKING AGENCIES." MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST. 1973 COMMERCIAL banking commercial banking SUBSECTORS subsectors 25 SUBSECTOR STATEMENTS FOR COMPONENT GROUPS IN COMMERCIAL BANKING ANNUAL FLOWS. 1945 ANNUAL FLOWS. 1946-54 1946 1947 1948 1949 1950 1951 1952 1953 1946-54 1954 commercial BANKS 1 2 642 56 643 103 699 129 723 129 756 151 919 181 843 209 897 225 799 274 3 4 5 6 7 8 -9.589 -9.992 -6.326 -15.669 -15.826 157 4.203 2.163 3.268 -5.539 -5.559 20 504 -2.409 -2.667 -5.671 -6.599 928 2.159 6.036 5.707 4.461 4.383 78 8.054 6.598 6.376 -5.170 -4.978 -192 9.039 6.149 6.449 -760 -503 -257 9.062 9.060 8.458 2.092 1.794 298 4.189 4.135 3.735 1.599 108 1.491 9 10 11 12 13 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 14 15 16 17 18 6.471 1.155 5.103 213 -3.666 5.765 1.253 4.369 143 -1.105 1.501 962 499 40 258 -539 983 -1.585 63 329 7.820 1.601 5.971 248 222 5.113 81 4.602 430 -300 19 20 21 400 401 -1 1.931 1.930 1 2.342 2.342 0 -3.876 -3.879 3 1.280 1.277 3 2.902 2.898 4 CURRENT SURPLUS PLANT ♦ EQUIPMENT 1 2 9.327 10.290 9.399 5.675 5.555 120 NET ACQ. OF FINAN. ASSETS TOTAL BANK CREOIT CREOIT MARKET INSTRUMENTS U.S. GOVT SECURITIES OIRECT agency ISSUES 3 4 5 6 7 8 1.627 632 16 773 206 3.313 1.765 -174 1.274 448 OTHER SECURITIES ♦ MTG. S. ♦ L. OBLIGATIONS CORPORATE BUNDS HOME MORTGAGES 9 10 11 12 13 4.370 1.913 2.231 226 602 509 1.529 -977 -43 400 411 -5 399 17 891 -47 -50 3 -31 -31 0 -1.323 -1.327 4 22 3 109 571 -1 176 -12 49 85 360 23 24 25 26 -10.157 -13.761 -21.521 7.760 3.780 2.243 -1.646 3.889 164 -549 995 -1.544 1.729 788 733 55 7.563 5.526 -265 5.791 8.637 6.744 553 6.191 8.626 5.107 1.582 3.525 3.732 102 -795 897 8.668 4.437 26 4.411 27 28 29 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 30 31 32 33 34 35 36 -168 2 -186 11 0 0 5 -12 -45 18 16 0 0 -1 26 6 -1 22 0 0 -1 6 -7 -25 34 0 0 4 922 834 59 26 0 0 3 -190 -184 -48 38 0 0 4 -65 -217 108 39 0 0 5 -133 -32 -114 12 0 0 1 -94 -127 -3 31 0 0 5 37 38 39 40 0 55 0 16 0 11 0 -110 0 45 0 48 0 11 0 44 0 72 0 117 0 144 0 162 0 139 0 178 0 114 0 174 0 228 0 -26 41 42 43 -98 -216 118 257 55 202 7 12 -5 410 129 281 610 161 449 56 163 -107 201 -54 255 62 -91 153 341 -61 402 44 18 117 250 164 114 336 198 215 -134 other mortgages OTHER CR. EXC. SECURITY 14 CONSUMER CREOIT 15 16 BANK LOANS N.E.C. 17 open-market paper SECURITY CREOIT 18 INTERBANK CLAIMS vault cash ♦ mem.bk.res. OEP. AT FGN. BANKING AG. MISC. ASSETS NET INCREASE IN LIABILITIES DEMAND DEPOSITS. NET U.S. GOVERNMENT OTHER 19 20 21 22 23 24 25 26 TIME OEPOSITS LARUE NEG. CD’S OTHER 27 28 29 INTERBANK LIABILTIES 30 31 32 33 34 35 36 f.r. float BORROWING AT F.R. BANKS OEM.OEP.OF FGN.BK.AG. TIMF OEP.OF FGN.BK.AG. LOANS FROM AFFILIATES LOANS FROM FGN.BK.AG. CORPORATE BONOS corporate stock SECURITY R.P.’S profit tax liabilities MISCELLANEOUS LIABILITIES LlAt>, JO FGN. BRANCHES other DISCREPANCY 37 38 39 40 41 42 43 44 OOMESTIC AFFILIATES OF COMMERCIAL BANKS 1 2 3 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 NET ACQUIS. OF FINAN. ASSETS BANK LOANS N.E.C. LOANS TO AFFILIATE BANKS 1 2 3 4 5 6 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 NET INCREASE IN LIABILITIES COMMERCIAL PAPER ISSUES MISCELLANEOUS LIABILITIES 4 5 6 NET ACQ. OF FINANCIAL ASSETS CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES S. ♦ L. GOVERNMENT SEC. CORPORATE BONOS 1 2 3 4 5 6 7 EDGE ACT corporations a^d AGENCIES OF foreign banks 1 2 3 4 5 6 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 91 0 120 -40 -10 21 0 -51 0 345 100 55 -8 1 52 0 8 9 10 11 12 13 0 0 11 0 5 5 1 0 lb 0 -1 18 0 0 22 0 -1 18 1 50 34 0 4 60 1 50 26 0 3 60 2 50 38 0 4 90 5 50 39 0 5 74 3 100 12 0 1 44 14 100 31 0 5 95 14 15 16 17 18 63 -63 16 -1 -16 74 -14 -20 1 7 129 -27 -7 0 0 334 53 23 3 5 280 69 20 3 5 409 75 15 4 0 318 52 52 3 -2 120 21 50 0 0 345 76 49 4 3 NET INCRc-ASF IN LIABILITIES OEM. OEP. IN MONEY SUPPLY TIME DEPOSITS OEPOSITS OF BANKS LOANS FROM BANKS 14 15 16 17 18 19 20 21 127 68 59 100 127 -27 163 167 -4 250 234 16 183 177 6 315 297 18 213 189 24 49 22 27 213 201 12 MISCELLANEOUS LIABILITIES DUE 10 FGN. AFFILIATES OTHER 19 20 21 bank loans n.e.c. OPEN-MARKET PAPER CORPORATE EQUITIES SECURITY CREDIT OEM. Ot'POSIlS AT COM. BANKS TIME OEP, AT COM, BANKS LOANS TO BANKS miscellaneous ASSETS 8 9 10 11 12 13 BANKS IN U, S. POSSESSIONS 1 2 3 4 5 6 7 8 9 10 11 MONEY AMOUNTS ARE IN -16 -21 -39 -65 -2 15 13 8 5 44 -37 -2 -88 -96 2 -11 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 NET ACQ. OF FINANCIAL ASSETS DEMAND OEP. ♦ CURRENCY CREOIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES STATt ♦ LOCAL GOVT. SEC. CORPURATE BONOS -16 -37 -69 -17 47 24 31 2 39 NET INCH. MILLIONS OF DOLLARS, mohfgagfs HOME MORTGAGES commercial mortgages MISCELLANEOUS ASSETS IN DEPOSIT LlAB. 1 2 3 4 5 6 7 8 9 10 11 AUGUST* 1973 COMMERCIAL BANKING SUBSECTORS 26 COMMERCIAL BANKING SUBSECTORS SUBSECTOR STATEMENTS FOR COMPONENT GROUPS IN COMMERCIAL BANKING ANNUAL FLOWS* 195S-64 ANNUAL FLOWS* 1955-64 1957 1956 1955 1959 1958 1960 1961 1962 1963 1964 commercial banks 1 2 CURRENT SURPLUS PLANT ♦ EQUIPMENT 3 4 5 6 7 8 1.227 350 1.467 387 1.400 423 1.089 473 1.880 577 1.607 500 1.341 596 1.544 657 1.727 892 1.916 802 1 2 NET ACQ. OF FINAN. ASSETS TOTAL BANK CREDIT CREDIT MARKET INSTRUMENTS U.S. GOVT SECURITIES DIRECT AGENCY ISSUES 5.202 4.917 4.334 -8.228 -7.389 -839 5.543 4.513 5.269 -3.323 -3.040 -283 5.517 5.038 5.098 -302 -313 11 14.831 15.301 14.861 8.712 8.137 575 4.371 4.956 4.749 -8.825 -7.704 -1.121 9.244 9.207 8.958 2.463 2.066 397 17.565 16.181 15.108 6.253 5.575 678 21.271 19.941 18.831 1.269 -144 1.413 18.097 18.213 17.613 -2.863 -3.194 331 24.591 23.057 22.573 274 -249 523 3 4 5 6 7 8 9 10 11 12 13 OTHER SECURITIES ♦ MTG. S. * L. OBLIGATIONS CORPORATE BONDS HOME MORTGAGES OTHER MORTGAGES 2.275 112 -229 1.751 641 1.284 3 -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 8.890 4.012 -18 2.745 2.151 8.135 3.562 81 2.264 2.228 9 10 11 12 13 14 15 16 17 18 OTHER CR. EXC. SECURITY CONSUMER CREDIT OPEN-MARKET PAPER SECURITY CREDIT 10.287 2.344 8.194 -251 583 7.308 1.384 5.805 119 -756 3.662 1.160 2.182 320 -60 1.474 156 750 568 440 10.809 2.873 7.424 512 207 5.431 1.747 3.896 -212 249 4.648 865 3.345 438 1.073 8.012 2.274 5.863 -125 1.110 11.586 3.533 7.849 204 600 14.164 3.816 9.636 712 484 14 15 16 17 18 19 20 21 INTERBANK CLAIMS VAULT CASH ♦ MEM.BK.RES. DEP. AT FGN. BANKING AG. 342 342 0 638 633 5 50 49 1 -613 -616 3 -579 -567 -12 -773 -759 -14 700 649 51 937 897 40 -694 -665 -29 1.021 1.074 -53 19 20 21 22 23 24 25 26 bank loans n.e.c. MISC. ASSETS net increase IN LIABILITIES DEMAND DEPOSITS, NET U.S. GOVERNMENT OTHER 27 28 29 time DEPOSITS 30 31 32 33 34 35 36 INTERBANK LlABILTlES F.R. FLOAT BORROWING AT F.R. BANKS DEM.DEP.OF FGN.BK.AG. TIME DEP.OF FGN.BK.AG. LOANS FROM AFFILIATES LOANS FROM FGN.BK.AG. 37 38 39 40 CORPORATE BONDS CORPORATE STOCK SECURITY R.P.'S PROFIT TAX LIABILITIES 41 42 43 MISCELLANEOUS LIABILITIES LIAB. TO FGN. BRANCHES OTHER 44 LARGE NEG. CD'S OTHER DISCREPANCY -57 392 429 143 -6 810 684 393 578 513 22 4.603 2.121 -463 2.584 5.002 1.732 24 1.708 4.925 -731 165 -896 13.992 5.588 352 5.236 3.834 941 800 141 8.141 1.933 895 1.038 16.545 5.003 1 5.002 20.034 4.571 1.212 3.359 17.904 2.260 -610 2.870 22.828 5.955 -38 5.993 23 24 25 26 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 14.537 2.706 11.831 27 28 29 881 777 97 4 0 0 3 51 80 -82 46 0 0 7 -210 -241 25 2 0 0 4 -103 -128 -4 26 0 0 3 708 294 407 4 0 0 3 -80 257 -428 86 0 0 5 660 453 90 112 0 0 5 476 603 -78 -44 0 0 -5 -248 -303 -6 44 0 0 17 375 6 125 17 0 0 227 30 31 32 33 34 35 36 0 -51 0 -376 0 267 0 306 0 273 0 81 0 54 0 -23 0 132 0 -460 0 122 0 999 0 178 0 -891 0 96 0 495 233 51 0 -451 540 45 618 213 37 38 39 40 691 44 647 592 61 531 39 -283 322 495 -39 534 1.468 233 1.235 -628 423 *1.051 2.221 85 2.136 -1.174 -182 -992 1.712 149 1.563 545 118 427 41 42 43 278 539 385 -223 766 4 -275 -350 642 -649 44 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 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 0 0 0 0 0 0 0 0 4 5 6 euge act CORPORATIONS AND AGtNClES OF FOREIGN BANKS 1 NET ACQ. OF FINANCIAL ASSETS CREDIT MARKET INSTRUMENTS 2 U.S. GOVT. SECURITIES 3 S. * L. GOVERNMENT SEC. 4 CORPORATE BONDS 5 BANK LOANS N.E.C. 6 OPEN-MARKET PAPER 7 8 9 10 11 12 13 corporate equities SECURITY CREOIT DEM. DEPOSITS AT COM. BANKS TIME DEP. AT COM. BANKS LOANS TO BANKS MISCELLANEOUS ASSETS 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 MISCELLANEOUS LIABILITIES DUE TO FGN. AFFILIATES OTHER 55 -2 -25 83 0 -60 0 507 no 53 -66 -1 124 0 82 -86 -31 -8 0 -47 0 278 94 23 -8 0 79 0 -59 95 16 0 -1 80 0 579 150 -19 -7 1 175 0 297 140 29 3 0 28 80 130 103 -30 77 0 -22 78 407 -145 -107 -88 0 80 -30 1.259 111 43 10 0 58 0 1 2 3 4 5 6 7 2 100 4 0 3 -52 5 100 46 0 7 239 13 100 2 0 4 49 7 41 26 0 3 107 8 32 4 0 3 -201 19 76 86 0 5 243 7 10 112 0 5 23 3 -150 -44 0 -5 223 3 379 44 0 17 109 18 -37 17 0 227 923 8 9 10 11 12 13 55 19 -12 0 0 507 83 56 5 5 82 79 -64 1 13 278 -20 -18 3 8 -59 410 26 -12 -2 579 120 40 -14 -29 297 81 43 51 11 130 -35 5 40 -15 407 -97 62 -29 29 1.259 735 26 -53 49 14 15 16 17 18 48 52 -4 358 302 56 53 88 -35 305 229 76 -481 -188 -293 462 489 -27 111 182 -71 135 73 62 442 223 219 502 442 60 19 20 21 BANKS IN U. S. POSSESSIONS 1 NET ACQ. OF FINANCIAL ASSETS 2 DEMAND DEP. ♦ CURRENCY CREDIT MARKET INSTRUMENTS 3 U.S. GOVT. SECURITIES 4 5 STATE ♦ LOCAL GOVT. SEC. CORPORATE RONDS 6 MORTGAGES 7 HOME MORTGAGES 8 COMMERCIAL MORTGAGES 9 10 MISCELLANEOUS ASSETS 11 NET INCR. IN DEPOSIT LIAB. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS, 38 7 24 -18 1 3 38 24 14 7 83 21 43 15 6 4 18 11 7 19 138 28 32 10 8 -6 20 2 18 78 119 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 1 2 3 4 5 6 7 8 9 10 38 83 138 119 -29 77 127 123 172 147 11 AUGUST* 1973 COMMERCIAL BANKING SUBSECTORS COMMERCIAL BANKING SUBSECTORS 27 SUBSECTOR STATEMENTS FOR COMPONENT GROUPS IN COMMERCIAL BANKING ANNUAL FLOWS. ANNUAL FLOWS. 1965-72 1965-72 1966 1965 1968 1967 1969 1970 1971 1972 1973 1974 COMMERCIAL BANKS 1 2 2.103 882 2.467 1.022 2.335 976 3.017 1.314 3.744 1.863 3.329 2.139 2.818 2.334 3.667 2.487 3 4 5 6 7 e 29,984 28.533 28.428 -2.856. -3.444 588 20.337 17.500 16.965 -3.110 -3.384 274 39.839 36.806 35.346 9.247 6.310 2.937 43.519 39.575 38.255 3.194 1.993 1.201 13.620 11.630 12.739 -10.065 -9.757 -308 37.961 34.694 33.253 10.542 7.033 3.509 56.570 51.054 50.279 7.017 3.188 3.829 77.260 73.494 68.824 5.954 2.098 3.856 9 10 11 12 13 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 23.865 12.783 1.274 5.584 4.224 25.314 7.114 1.410 8.962 7.828 14 15 16 17 18 20.568 4.608 16.276 -316 105 13.098 2.613 9.349 1.136 535 11.753 2.365 7.341 2.047 1.460 19.548 5.680 15.250 -1.382 1.320 17.456 4.664 12.311 481 -1.109 9.079 2.893 4.204 1.982 1.441 19.397 6.689 11.922 786 775 37.556 10.084 27.676 -204 4.670 19 20 21 744 722 22 1.976 1.946 30 1.768 1.779 -11 2.055 2.031 24 399 341 58 1.988 1.792 196 4.010 4.132 -122 1.527 -1.016 2.543 CURRENT SURPLUS PLANT ♦ EQUIPMENT 1 2 NET ACQ. OF FINAN. ASSETS TOTAL BANK CREDIT CREDIT MARKET INSTRUMENTS U.S. GOVT SECURITIES DIRECT agency ISSUES 3 4 5 6 7 8 OTHER SECURITIES ♦ MTG. 9 S. ♦ L. OBLIGATIONS 10 CORPORATE BONDS 11 HOME MORTGAGES 12 OTHER MORTGAGES 13 OTHER CR. EXC. SECURITY CONSUMER CREDIT BANK LOANS N.E.C. OPEN-MARKET PAPER SECURITY CREDIT INTERBANK CLAIMS vault cash ♦ mem.bk.res. DEP. AT FGN. BANKING AG. 14 15 16 17 18 19 20 21 22 707 861 1.265 1.889 1.591 1.279 1.506 2.239 23 24 25 26 28.655 5.458 -985 6.443 19.120 1.607 -533 2.140 38.117 11.882 242 11.640 41.681 12.286 -224 12.510 11.766 4.607 44 4.563 36.258 4.625 2.884 1.741 54.370 13.382 2.231 11.151 74.616 19.796 706 19.090 27 28 29 20.033 3.666 16.367 13.251 -592 13.843 23.803 4.671 19.132 20.567 3.138 17.429 -9.696 -12.549 2.853 37.589 15.155 22.434 41.103 8.685 32,418 42.805 9.760 33.045 TIME DEPOSITS LARGE NEG. CD’S OTHER 27 28 29 30 31 32 33 34 35 36 -378 -358 -60 106 0 0 -66 318 262 77 60 0 0 -81 997 66 -32 860 0 0 103 1.590 867 47 706 0 0 -30 1.553 -3 -5 832 0 585 144 2.469 821 152 1.247 55 97 97 1.572 82 -296 1.288 47 309 142 458 -369 1.942 -1.243 339 -392 181 interbank liabilties 30 31 32 33 34 35 36 37 38 39 40 817 -62 1.068 -132 104 -11 -196 -31 269 -37 -150 -81 258 -57 1.009 -51 118 -31 1.609 78 20 127 -3.282 340 717 214 1.061 -27 1.051 524 1.733 -200 CORPORATE BONDS CORPORATE STOCK SECURITY R.P.'S PROFI TAX LIABILITIES 37 38 39 40 41 42 43 1.851 265 1.586 4.078 2.653 1.425 1.434 205 1.229 6.079 1.798 4.281 13.528 6.783 6.745 -5.630 -7.167 1.537 -3.652 -4.752 1.100 8.449 497 7.952 MISCELLANEOUS LIABILITIES LIAB. TO FGN. BRANCHES OTHER 41 42 43 44 -108 228 -363 -135 27 -513 -1.716 -1.464 MISC. ASSETS NET INCREASE IN LIABILITIES DEMAND DFPOSITS. NET U.S. GOVERNMENT OTHER F.R. FLOAT BORROWING AT F.R. BANKS DEM.DEP.OF FGN.BK.AG. TIME DEP.OF FGN.BK.AG. LOANS FROM AFFILIATES LOANS FROM FGN.BK.AG. DISCREPANCY 22 23 24 25 26 44 DOMESTIC AFFILIATES OF COMMERCIAL BANKS 1 2 3 0 0 0 0 0 0 0 0 0 0 0 0 4,531 3.946 585 -895 -992 97 195 -114 309 -634 -242 -392 4 5 6 0 0 0 0 0 0 0 0 0 0 0 0 4.531 4.209 322 -895 -1.860 965 195 -376 571 NET ACQUIS. OF FINAN. ASSETS BANK LOANS N.E.C. LOANS TO AFFILIATE BANKS 1 2 3 -634 664 -1 .298 NET INCREASE IN LIABILITIES COMMERCIAL PAPER ISSUES MISCELLANEOUS LIABILITIES 4 5 6 NET ACQ. OF FINANCIAL ASSETS CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES S. ♦ L. GOVERNMENT SEC. CORPORATE BONDS BANK loans n.e.c. 1 2 3 4 5 6 7 EUGE ACT CORPORATIONS and agencies OF FOREIGN BANKS 1 2 3 4 5 6 7 -196 192 67 14 0 111 0 704 368 -50 16 0 402 0 738 375 117 108 3 147 0 2.499 401 44 -51 1 407 0 2.698 1.332 21 2 0 1.309 0 7.674 2.672 -144 191 3 2.622 0 1.218 116 -234 -193 0 543 0 1 .164 842 304 -865 297 1 .106 0 8 9 10 11 12 13 57 -263 106 0 -66 -222 63 62 60 0 -81 232 64 0 860 0 103 -664 66 0 706 0 -30 1.356 49 0 832 0 144 341 94 0 1.247 55 97 3.509 -17 0 1.288 47 142 -358 129 87 -1 .243 339 181 829 14 15 16 17 18 -196 -236 75 22 -10 704 -48 38 30 55 738 137 111 -11 -28 2.499 990 154 24 85 2.698 338 231 58 158 7.674 6.584 376 196 80 1.218 -387 260 -122 1.641 1 .164 -3 .444 -462 2 .543 844 19 20 21 -47 -193 146 629 289 340 529 498 31 1.246 520 726 1.913 1.153 760 438 228 210 -174 683 -857 1 .683 436 1 .247 open-market paper corporate equities security CREDIT DEM. DtPOSlTS AT COM. BANKS TIME DEP. AT COM, BANKS LOANS 10 BANKS miscellaneous ASSETS 8 9 10 11 12 13 NET INCREASE IN LIABILITIES OEM. OEP. IN MONEY SUPPLY TIME DEPOSITS DEPOSITS OF BANKS LOANS FROM BANKS 14 15 16 17 18 MISCELLANEOUS LIABILITIES DUE TO FGN. AFFILIATES OTHER 19 20 21 HOME MORTGAGES COMMERCIAL MORTGAGES MISCELLANEOUS ASSETS 1 2 3 4 5 6 7 8 9 10 IN DEPOSIT LIAS. 11 BANKS IN U. S. POSSESSIONS 1 2 3 4 5 6 7 8 9 10 87 -7 91 -1 12 7 73 69 4 3 11 87 MONEY AMOUNTS ARE IN 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 -22 256 509 127 311 161 17 1 132 107 25 71 466 169 287 205 69 4 9 22 -13 10 NET ACQ. OF FINANCIAL ASSETS DEMAND DEP. ♦ CURRENCY CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES STATE ♦ LOCAL GOVT. SEC. CORPORATE BONDS 276 294 252 1.115 494 509 466 NET INCR. MILLIONS OF DOLLARS mortgages AUGUST. 1973 NONBANK FINANCE SUMMARY NONBANK FINANCE SUMMARY SECTOR STATEMENTS OF SAVING AND INVESTMENT 28 ANNUAL FLOWS. 1946-54 ANNUAL FLOWS. 1946-54 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 PRIVATE NONBANK FINANCIAL INSTITUTIONS - TOTAL 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 DEM. DEPOSITS ♦ CURRENCY TIME DEPOSITS (MSB) S*L SHARES (CREDIT UNION) 7.538 688 21 2 8.031 328 50 -34 9.718 134 19 -36 10.485 257 -8 -38 13.046 647 -54 -29 10.910 558 19 112 17.399 143 32 32 18.709 310 24 1 19.312 312 27 66 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 CORPORATE SHARES CREDIT MARKET INSTR. U.S. GOVT. SECURITIES STATE ♦ LOCAL OBLIG. CORPORATE ♦ FGN. BONDS HOME MORTGAGES OTHER MORTGAGES CONSUMER CREDIT OTHER LOANS SECURITY CRFDIT TRADE CREDIT MISCELLANEOUS ASSETS 338 7.107 1.746 -64 2.212 2.188 463 670 -108 -658 117 -77 414 7.123 -1.269 80 3.763 2.923 825 990 -189 42 100 8 ' 361 9.294 -2.359 651 5.194 3.379 1.211 980 238 -31 74 -97 877 8.832 -822 647 3.406 3.070 1.361 1.236 -66 364 71 130 989 10.602 -1.677 736 2.898 5.518 1.496 1.236 395 523 17 351 725 8.998 -2.891 523 3.848 4.810 1.938 359 411 -71 110 459 1.443 15.038 486 615 5.075 5.117 1.463 1.731 551 81 98 532 1.295 16.267 523 1.415 4.724 6.064 1.292 1.920 329 364 58 390 1.733 15.705 -349 1.663 4.214 7.871 1.337 714 255 806 56 605 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 NET INCREASE IN LIABILITIES TIME ♦ SAVINGS ACCOUNTS INSURANCE AND PENSION RES, CORPORATE EQUITIES (1) 7.042 2.720 3.774 335 7.682 2.224 3.945 286 8.991 1.943 4.259 133 9.929 2.488 4.464 347 11.665 2.407 5.779 285 10.486 3.215 5.411 344 16.022 5.074 6.772 567 17.422 5.766 7.367 496 17.741 6.718 7.770 628 19 20 21 22 23 24 25 26 27 28 29 30 CREDIT MARKFT INSTR. CORPORATE BONDS MTG. LOANS IN PROCESS OTHER MORTGAGES BANK LOANS N.E.C. OTHER LOANS OPEN-MARKET PAPER FHLB LOANS 792 161 100 0 292 239 143 96 806 192 80 0 281 253 122 131 1.132 425 42 0 409 256 179 77 880 382 44 0 368 86 168 -82 1.809 380 46 0 962 421 38 383 549 288 47 0 -237 451 350 101 1.374 257 132 0 678 307 354 -47 1.669 1.401 50 0 -95 313 225 88 529 321 239 0 206 -237 -152 -85 23 24 25 26 27 28 29 30 31 32 33 SECURITY CREDIT TAXES PAYABLE MISCELLANEOUS LIABILITIES -1.610 -2 1.033 -784 1 1.204 486 99 939 520 169 1.061 372 43 970 -279 68 1.178 375 161 1.699 389 295 1.440 1.005 -243 1.334 31 32 33 216 -34 11 392 -586 407 -455 -12 -413 34 1 2 CURRENT SURPLUS PHYSICAL INVESTMENT 3 4 5 6 34 DISCREPANCY SAVINGS ANDi LOAN 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 DEMAND DEP. ♦ CURRENCY CREDIT MARKET INSTR. U.S. GOVT. SECURITIES HOME MORTGAGES OTHER MORTGAGES CONSUMER CREDIT 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 NET INCREASF IN LIABILITIES SAVINGS SHARES CREDIT MKT. INSTR. MTG. LOANS IN PROCESS BANK LOANS N.E.C. FHLB ADVANCES PROFIT TAX LIABILITIES MISCELLANEOUS LIABILITIES 1.348 1.177 168 100 -28 96 0 3 1.381 1.197 209 80 -2 131 0 -25 1.227 1.209 93 42 -26 77 0 -75 1.457 1.503 -53 44 -15 -82 0 7 2.097 1.520 445 46 16 383 0 132 2.156 2.115 152 47 4 101 0 -111 3.233 3.088 79 132 -6 -47 ii 55 3.830 3.651 131 50 -7 88 2 46 4.614 4.406 167 239 13 -85 -3 44 10 11 12 13 14 15 16 17 -8 72 1 103 4 42 -1 -216 0 426 24 64 10 -206 -18 -50 7 -329 18 19 10 11 12 13 14 15 16 17 18 19 DISCREPANCY MEMO- FHLB LOANS LESS DEP. MUTUAL SAVINGS BANKS 1 CURRENT SURPLUS 130 124 130 121 127 199 87 104 97 1 2 3 4 NET ACQ. OF FINANCIAL ASSET DEM. DEPOSITS ♦ CURRENCY TIME DEPOSITS 1.700 188 21 1.062 16 50 758 -23 19 1.021 3 -8 943 -26 -54 1.058 72 19 1.797 2 32 1.896 42 24 2.151 16 27 2 3 4 5 6 7 8 9 CORPORATE SHARES CREDIT MARKET INSTR. U.S. GOVT. SECURITIES STATE ♦ LOCAL GOVT. SEC. CORPORATE BONDS 14 1.487 1.082 -30 186 -34 980 193 2 354 11 943 -428 6 402 0 1.034 -89 15 210 24 986 -576 2 -18 46 857 -1.027 52 176 109 1.632 -351 195 309 95 1.732 -187 93 242 140 1.921 -471 180 125 5 6 7 8 9 139 94 3 13 -10 250 165 11 5 50 552 399 4 8 -192 529 369 6 -6 -8 948 609 15 6 13 1.019 635 2 0 64 863 601 4 11 22 1.179 384 12 9 5 1.629 435 7 16 47 10 11 12 13 14 1.480 14 946 10 641 9 887 15 738 43 875 16 1.710 10 1.778 39 1.963 58 15 16 -76 18 22 2 -35 32 10 23 -33 17 10 11 12 13 14 HOME MORTGAGES OTHER MORTGAGES CONSUMER CREDIT OTHER LOANS MISCELLANEOUS ASSETS 15 16 SAVINGS DEPOSITS MISCELLANEOUS LIABILITIES 17 DISCREPANCY CREDIT UNIONS 1 2 3 4 5 6 7 8 (1) NET ACQUIS. OF FINAN. ASSET DEM. DEPOSITS * CURRENCY SVGS. ♦ LOAN SHARES CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES HOME MORTGAGES CONSUMER CREDIT 63 7 2 54 0 5 49 81 11 -34 104 15 5 84 93 14 -36 115 10 6 99 98 5 -38 131 7 20 104 149 18 -29 160 8 0 152 225 48 112 65 10 11 44 276 0 32 244 6 35 203 337 19 1 317 6 24 287 349 45 66 238 8 12 218 1 2 3 4 5 6 7 CREDIT UNION SHARES 63 81 93 98 149 225 276 337 349 8 INCLUDES INVESTMENT COMPANY SHARES. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS, AUGUST* 1973 NONBANK FINANCE SUMMARY NONBANK FINANCE SUMMARY 29 SECTOR STATEMENTS OF SAVING ANO INVESTMENT ANNUAL FLOWS. ANNUAL FLOWS. 195S-64 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1955-64 PRIVATE NONBANK FINANCIAL INSTITUTIONS - TOTAL 1 2 1.468 397 1.274 365 1.106 4*0 1.465 393 1.721 451 1.746 312 2.010 446 2.205 339 1.707 474 1.248 493 3 4 5 6 23.339 *07 -46 20 18.885 113 -65 34 20.719 240 -34 -25 23.106 618 35 158 28.457 34 -78 -69 28.043 367 43 -182 31.154 1.072 43 160 35.455 924 -8 44 39.571 57 -19 51 39.819 210 83 103 7 8 9 10 11 12 13 14 15 16 17 18 1.643 20.373 -126 1.342 3.171 10.239 1.695 3.203 849 436 92 414 1.498 16.307 -1.147 1.173 4.328 8.442 1.877 1.331 303 34 135 829 2.192 17.905 -56 1.335 6.187 6.267 1.670 1.006 1.496 -337 160 618 2.604 17.885 920 1.478 5.452 8.001 2.378 -545 201 965 148 693 3.346 24.398 1.281 1.888 4.458 9.748 2.557 2.501 1.965 3 183 640 3.414 23.289 -358 1.434 5.049 8.937 3.278 2.169 2.780 -12* 152 1.08* 4,40* 22.985 390 1.064 5.6*8 10.3*8 4.*34 564 537 1.074 59 1.357 4.304 29.032 1.894 564 5.994 11.064 5.886 2.452 1.178 -159 208 1.110 3.941 32.709 98 -58 6.531 14.023 7.278 3.047 1.790 1.531 131 1.170 4.123 34.159 1.738 1 6.744 12.946 7.801 3.034 1.895 -485 152 1.474 19 20 21 22 22.375 7.130 7.977 883 18.036 7.318 8.364 1.111 20.226 6.889 9.001 1.136 22.041 8.899 9.437 1.744 26.849 8.416 10.874 1.900 26.839 9.465 10.553 1.507 29.743 11.335 11.172 2.392 33.263 13.102 11.578 1.828 38.568 15.173 12.821 1.694 39.319 15.877 14.212 2.117 23 24 25 26 27 28 29 30 4.633 1.351 123 0 2.361 798 248 550 413 995 -25 0 -501 -56 133 -189 1.170 710 -31 0 2 489 452 37 -337 167 305 0 -707 -102 -135 33 3.839 1.118 132 0 1.055 1.534 698 836 2.793 1.537 -107 0 675 688 841 -153 1.965 530 364 0 526 545 -136 681 3.912 315 449 0 1.121 2.027 1.210 817 5.938 1.431 529 0 1.653 2.325 1.020 1.305 31 32 33 296 2 1.454 -588 -114 1.532 129 102 1.799 561 86 1.651 39 149 1.632 495 -22 2.048 874 -84 2.089 960 60 1.823 34 107 60 173 7 -338 230 153 -326 CURRENT SURPLUS PHYSICAL INVESTMENT 1 2 NET ACQUIS. OF FINAN. ASSETS DEM. DEPOSITS ♦ CURRENCY TIME DEPOSITS (MSB) S*L SHARES (CREDIT UNION) 3 4 5 6 corporate shares CREDIT MARKET INSTR. U.S. GOVT. SECURITIES STATE ♦ LOCAL OBLIG. corporate ♦ fgn. bonds HOME MORTGAGES other mortgages CONSUMER credit OTHER LOANS SECURITY CREDIT TRADE CREDIT MISCELLANEOUS ASSETS 7 8 9 10 11 12 13 14 15 16 17 18 INSURANCE AND PENSION RES. CORPORATE EQUITIES (1) 19 20 21 22 4.386 2.103 -289 0 536 2.036 1.495 541 CREDIT MARKET INSTR. CORPORATE BONDS MTG. LOANS IN PROCESS OTHER MORTGAGES BANK LOANS N.E.C. OTHER LOANS OPEN-MARKET PAPER FHLB LOANS 23 24 25 26 27 28 29 30 773 52 2.117 388 -34 2.373 SECURITY CREDIT TAXES PAYABLE MISCELLANEOUS LIABILITIES 31 32 33 230 255 NET INCREASE IN LIABILITIES time ♦ savings accounts DISCREPANCY 34 SAVIN65 ANU LOAN ASSOCIATIONS 1 382 417 420 497 634 643 823 951 749 868 CURRENT SURPLUS 1 2 3 4 5 6 7 8 9 6.023 196 5,790 406 4.997 304 83 37 5.219 71 4.890 49* *.003 317 76 258 5.263 57 4.978 624 3.992 286 76 228 7.001 273 6.344 609 4.89* 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.*26 581 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 11.035 583 8.114 2.275 63 773 NET ACQ. DEMAND CREDIT U.S. HOME 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 5.653 4.890 725 123 52 550 1 37 4.826 5.006 -239 -25 -25 -189 -1 60 4.850 4.764 0 -31 -6 37 0 86 6.519 6.064 369 305 31 33 -2 88 7.843 6.607 1.074 132 106 836 1 161 7.356 7.559 -295 -107 -35 -153 0 92 9.934 8.743 1.023 364 -22 681 -1 169 10.658 9.351 1.224 449 -42 817 1 82 13.265 11.072 1.924 529 90 1.305 83 186 11.106 10.579 293 -289 41 541 8 226 NET INCREASE IN LIABILITIES SAVINGS SHARES CREDIT MKT. INSTR. MTG. LOANS IN PROCESS BANK LOANS N.E.C. 18 19 12 654 24 -174 7 67 15 -133 86 1.066 53 -502 98 439 139 784 60 1.367 178 493 1 98 1*9 155 166 192 166 219 186 189 214 2 3 4 1.996 -14 -46 2.035 19 -65 1.834 3 -3* 2.569 -3 35 1.481 8 -78 1.626 2 *3 2.258 20 43 3.292 27 -8 3.581 -25 -19 4.536 9 83 5 6 7 8 9 84 1.962 -219 38 -330 50 2.007 -421 29 73 62 1.7*6 -279 10 587 95 2.379 -378 *4 552 -49 1.648 -171 -7 -128 16 1.506 -600 -49 154 65 2.054 -71 5 -149 149 3.069 33 -150 -116 115 3.324 -203 -87 -295 101 4.264 18 -49 -169 10 11 12 13 14 2.098 352 9 14 10 1.890 399 32 5 24 1.120 303 4 1 57 1.530 564 20 47 63 1.348 520 34 52 -48 1.482 461 10 48 59 1.653 557 31 28 76 2,127 1.048 27 100 55 2.568 1.336 64 -59 186 2.677 1.655 73 59 79 15 16 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 17 -18 17 36 44 34 -22 -2 0 -7 -33 1.055 68 103 884 25 45 814 NET ACQUIS. OF FINAN. ASSET DEM. DEPOSITS ♦ CURRENCY SVGS. ♦ LOAN SHARES CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES HOME MORTGAGES CONSUMER CREDIT 1 2 3 4 5 6 7 1.055 CREDIT UNION SHARES 8 OF FINAN, ASSETS DEP. ♦ CURRENCY MARKET INSTR. GOVT. SECURITIES MORTGAGES other MORTGAGES CONSUMER CREDIT MISC. FINANCIAL TRANS. fhlh advances PROFIT TAX LIABILITIES miscellaneous liabilities DISCREPANCY MEMOFHLB LOANS LESS DEP. 10 11 12 13 14 15 16 17 18 19 mutual savings BANKS CURRENT SURPLUS 1 NET ACQ. OF FINANCIAL ASSET DEM. DEPOSITS ♦ CURRENCY TIME DEPOSITS 2 3 4 corporate shares CREDIT MARKET INSTR. U.S. GOVT. SECURITIES STAlE ♦ LOCAL GOVT. SEC. CORPORATE BONDS HOME MORTGAGES OTHER mortgages consumer credit other LOANS miscellaneous assets savings deposits 5 6 7 8 9 10 11 12 13 14 MISCELLANEOUS LIABILITIES 15 16 DISCREPANCY 17 CRtDlT UNIONS 1 2 3 4 5 6 7 409 12 20 377 15 26 336 468 27 34 407 15 56 336 467 27 -25 465 15 35 415 488 48 158 282 15 28 239 572 -33 -69 674 10 52 612 540 37 -182 685 10 32 643 658 68 160 430 20 30 380 692 8 44 640 20 48 572 831 37 51 743 45 47 651 8 409 468 467 488 572 540 658 692 831 <1> MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS, INCLUDES INVESTMENT company shares. AUGUST* 1973 NONBANK FINANCE SUMMARY NONBANK FINANCE SUMMARY SECTOR STATEMENTS OF SAVING AND INVESTMENT 30 ANNUAL FLOWS* 1965-72 ANNUAL FLOWS. 1965-72 1965 1966 1967 1968 1969 1970 1972 1971 1973 1974 PRIVATE NONBANK financial INSTITUTIONS - TOTAL 1 2 CURRENT SURPLUS PHYSICAL INVESTMENT 3 4 5 6 1.402 439 1.561 522 1.278 637 171 1.104 -108 1.163 1.696 1.213 4.122 1.852 5.200 2.086 1 2 NET ACQUIS. OF FINAN. ASSETS DEM. DEPOSITS ♦ CURRENCY TIME DEPOSITS (MSB) S+L SHARES (CREDIT UNION) 42.505 404 -13 -71 35.591 -250 -40 -359 43.233 741 34 230 52.417 909 -48 -183 45.943 -417 -101 -104 55.204 978 244 53 85.637 812 152 209 104.509 1.791 -87 418 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 CORPORATE SHARES CREDIT MARKET INSTR. U.S. GOVT. SECURITIES STATE ♦ LOCAL OBLIQ. CORPORATE ♦ FGN. BONOS HOME MORTGAGES OTHER MORTGAGES CONSUMER CREDIT OTHER LOANS SECURITY CREDIT TRADE CREDIT MISCELLANEOUS ASSETS 6.017 34.168 -147 -485 7.820 11.940 7.806 4.343 2.891 376 165 1.459 5.932 27.896 264 722 9.033 5.187 6.739 2.704 3.247 -36 249 2.199 9.026 27.596 -2.308 1.182 11.913 7.957 6.732 1.480 640 3.214 278 2.114 10.741 36.603 2.093 1.198 9.829 8.622 7.235 3.827 3.799 2.841 300 1.254 12.170 36.671 -2.154 1.027 6.920 8.606 7.577 4.789 9.906 -3.527 422 829 11.294 39.808 3.307 1.796 12.158 7.565 10.074 1.822 3.086 -1.288 472 3.643 19.252 60.802 2.465 4.099 14.949 18.399 14.089 3.283 3.518 2.519 291 1.600 15.433 80.480 5.717 3.471 13.472 30.247 17.373 6.440 3.760 3.924 289 2.261 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 NET INCREASE IN LIABILITIES TIME ♦ SAVINGS ACCOUNTS INSURANCE AND PENSION RES. CORPORATE EQUITIES (1, 41.530 13.095 15.594 3.306 36.147 6.934 18.070 3.758 45.045 16.959 18.238 3.067 53.182 12.702 18.802 6.464 46.785 7.927 19.241 6.146 55.044 16.982 21.818 4.467 82.795 40.826 25.356 2.718 100.595 46.395 24.801 1.465 19 20 21 22 23 24 25 26 27 28 29 30 CREDIT MARKET INSTR. CORPORATE BONDS MTG. LOANS IN PROCESS OTHER MORTGAGES BANK LOANS N.E.C. OTHER LOANS OPEN-MARKET PAPER FHLB LOANS 6.045 1.890 -41 0 2.338 1.858 1.186 672 3.200 760 -928 0 -1.090 4.458 3.520 938 -484 1.033 987 0 -1.983 -521 2.028 -2.549 7.099 811 192 200 2.445 3.451 2.578 873 12.977 1.662 6 230 2.142 8.937 4.907 4.030 4.686 3.049 623 116 -601 1.499 173 1.326 6.206 4.204 1.994 134 1.397 -1.523 1.156 -2.679 15.915 5.815 1.153 480 5.919 2.548 2.505 43 23 24 25 26 27 28 29 30 31 32 33 SECURITY CHEDIT TAXES PAYABLE MISCELLANEOUS LIABILITIES 360 159 2.971 839 -14 3.360 3.169 -112 4.208 3.454 211 4.450 -3.026 108 5.412 980 221 5.890 1.134 -127 6.682 4.098 304 7.617 31 32 33 -12 1.595 2.453 -168 1.571 323 -572 -800 34 34 DISCREPANCY SAVINGS AND LOAN ASSOCIATIONS 1 CURRENT SURPLUS 2 3 4 5 6 7 8 9 NET ACQ. OF FINAN. ASSETS DEMAND DEP. * CURRENCY CREDIT MARKET INSTR. U.S. GOVT. SECURITIES HOME MORTGAGES OTHER MORTGAGES CONSUMER CREDIT MISC. FINANCIAL TRANS. 10 11 12 13 14 15 16 17 18 19 965 920 937 1.049 1.015 957 952 907 1 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 9.199 1.582 6.030 1.490 97 859 9.709 -426 10.217 727 7.233 2.117 140 -82 9.335 -181 9.946 279 7.674 1.815 178 -430 14.107 255 11.645 1.154 7.150 3.022 319 2.207 30.120 516 29.367 5.205 17.939 6.115 108 237 37.268 601 36.479 4.280 24.698 7.304 197 188 2 3 4 5 6 7 8 9 9.420 8.498 805 -41 174 672 3 114 3.992 3.584 83 -928 73 938 -44 369 9.293 10.648 -1.702 987 -140 -2.549 -3 350 8.940 7.386 1.132 192 67 873 24 398 8.422 3.920 4.104 6 68 4.030 6 392 13.344 10.866 1.845 623 -104 1.326 16 617 28.924 28.068 3 1.994 688 -2.679 59 794 35.639 32.833 1.972 1.153 776 43 123 711 10 11 12 13 14 15 16 17 160 826 318 946 487 -2.944 280 922 102 4.372 194 37 -244 -2.138 -722 284 18 19 NET INCREASE IN LIABILITIES SAVINGS SHARES CREDIT MKT. INSTR. MTG. LOANS IN PROCESS BANK LOANS N.E.C. FHLB ADVANCES PROFIT TAX LIABILITIES MISCELLANEOUS LIABILITIES DISCREPANCY MEMO- FHLB LOANS LESS DEP. MUTUAL SAVINGS BANKS 1 CURRENT SURPLUS 263 170 106 185 250 285 353 424 1 2 3 4 NET ACQ. OF FINANCIAL ASSET DEM. DEPOSITS ♦ CURRENCY TIME DEPOSITS 3.994 26 -13 2.750 -24 -40 5.383 6 34 4.608 51 -48 3.054 24 -101 4.716 107 244 10.374 -33 152 11.012 342 -87 2 3 4 5 6 7 8 9 CORPORATE SHARES CREDIT MARKET INSTR. U.S. GOVT. SECURITIES STATE ♦ LOCAL GOVT. SEC. CORPORATE BONDS 167 3.715 -271 -71 -127 41 2.647 -507 -69 287 219 4.975 -346 -32 2.075 251 4.087 -191 -25 1.312 238 2.942 -510 6 332 333 3.768 194 4 1.309 475 9.452 358 193 4.316 617 9.357 30l 483 2.826 5 6 7 8 9 HOME MORTGAGES OTHER MORTGAGES CONSUMER CREDIT OTHER LOANS MISCELLANEOUS ASSETS 2.670 1.391 125 -2 99 1.609 1.111 114 102 126 1.794 1.359 130 -5 149 1.423 1.364 131 73 267 1.396 1.286 116 316 -49 934 911 90 326 264 1.299 2.731 100 455 328 3.009 2.569 281 -112 783 10 11 12 13 14 3.594 135 2.563 -11 5.115 147 4.207 112 2.579 213 4.434 96 9.861 120 10.172 215 15 16 -2 -28 -15 -104 -12 99 -40 -201 17 10 11 12 13 14 15 16 SAVINGS DEPOSITS MISCELLANEOUS LIABILITIES 17 DISCREPANCY CREDIT UNIONS 1 2 3 4 5 6 7 8 (1) NET ACQUIS. OF FINAN. ASSET DEM. DEPOSITS ♦ CURRENCY SVGS. ♦ LOAN SHARES CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES HOME MORTGAGES CONSUMER CREDIT 1.003 30 -71 1.044 27 33 984 787 34 -359 1.112 129 53 930 1.196 100 230 866 82 35 749 1.109 -7 -183 1.299 -37 39 1.297 1.428 -39 -104 1.571 -181 24 1.728 1.682 164 53 1.465 438 69 958 2.897 56 209 2.632 801 47 1.784 3.390 148 418 2.824 628 53 2.143 1 2 3 4 5 6 7 CREDIT UNION SHARES 1.003 787 1.196 1.109 1.428 1.682 2.897 3.390 8 INCLUOES INVESTMENT COMPANY SHARES. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST* 1973 INSURANCE ♦ PENSION FUNOS INSURANCE ♦ PENSION FUNDS SECTOR STATEMENTS OF SAVING AND INVESTMENT 31 ANNUAL FLOWS* 1946-54 1945 ANNUAL FLOWS* 1946 1947 1948 1949 1951 1950 1952 1953 1946-54 1954 LIFE INSURANCE COMPANIES CURRENT SURPLUS PHYSICAL INVESTMENT 1 2 NET ACQUIS. OF FINAN. ASSETS DEM. DEPOSITS ♦ CURRENCY 3 4 1 2 357 -103 194 146 359 224 403 228 377 243 428 250 607 347 634 207 746 379 3 4 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 5 6 7 8 9 10 11 12 13 267 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 1.150 923 183 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 1.438 633 195 145 270 4,644 -755 555 1.957 1.958 696 233 196 OTHER LOANS MISCELLANEOUS ASSETS 5 6 7 8 9 10 11 12 13 14 15 16 17 3.331 2.635 400 300 3.420 2.545 500 395 3.496 2.630 600 266 3.725 2.667 625 388 3.716 2.636 775 276 3.978 2.555 975 391 4.616 2.845 1.125 630 4.645 2.908 1.125 530 4.791 3.001 1.175 663 NET INCREASE IN LIABILITIES LIFE INSURANCE RESERVES PENSION FUND RESERVES OlHER LIABILITIES 14 15 16 17 18 258 19 4 96 -293 188 151 -25 43 DISCREPANCY 18 corporate shares CREDIT MKT. INSTRUMENTS U.S. GOVT. SECURITIES STATE AND LOCAL OBLIG. CORPORATE BONDS HUME MORTGAGES other mortgages private pension funds 1 2 469 20 565 30 591 30 636 43 1.694 60 1.121 65 1.775 -19 2.010 56 2.106 -9 3 4 5 6 7 8 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 NET ACQ. OF FINAN. ASSETS DEM. DEPOSITS ♦ CURRENCY corporate shares CRtDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES CORPORATE BONDS MORTGAGES miscellaneous 1 2 3 4 5 6 7 8 state ♦ LOCAL GOVT. EMPLOYEE RETIREMENT FUNDS 1 2 270 8 335 8 438 6 536 10 674 18 760 19 1.027 20 1.324 31 1.488 5 3 4 5 6 7 8 9 10 1 261 152 152 0 86 20 3 2 325 189 189 0 102 30 4 3 429 213 213 0 129 77 10 7 519 184 184 0 183 135 17 9 647 241 241 0 200 183 23 12 729 420 420 0 163 116 30 15 992 476 456 20 171 309 36 19 1.274 491 486 5 220 516 47 24 1.459 536 523 13 273 589 61 NET ACQ. OF FINAN. ASSETS DEMAND DEPOSITS ♦ CURRENCY 1 2 CORPORATE SHARES CREDIT MKT. INSTRUMENTS U.S. GOVT. SECURITIES 3 4 5 direct 6 U.S. G. AGENCY SEC. 7 STATE ♦ LOCAL OBLIGATION 8 CORPORATE BONDS 9 mortgages 10 OTHER INSURANCE COMPANIES 1 125 49 249 451 221 130 240 341 348 2 3 862 189 1.056 182 1.116 42 945 63 1.010 65 921 36 1.309 82 1.440 55 1.100 -52 4 5 6 7 8 9 10 -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 71 135 793 427 316 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 11 12 13 14 759 S3 -10 716 911 77 10 824 849 37 73 739 771 20 100 651 510 46 -55 519 895 47 -34 882 1.130 36 90 1.004 1.050 88 137 825 566 106 -109 569 FINANCIAL SOURCES OF FUNDS CORPORATE EQUITIES PROFIT TAX LIABILITIES INSURANCE CLAIMS 11 12 13 14 15 22 -96 -18 277 -279 104 61 -49 -186 discrepancy 15 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. CURRENT SURPLUS 1 NET ACQ. OF FINAN. ASSETS DEMAND DEP. ♦ CURRENCY 2 3 CORPORATE SHARES 4 CREDIT MARKET INSTRUMENTS 5 U.S. GOVT. SECURITIES 6 STATE AND LOCAL OBLIG. 7 CORPORATE BONOS 8 COMMERCIAL MORTGAGES 9 TRADE CREDIT 10 AUGUST* 1973 INSURANCE ♦ PENSION FUNDS INSURANCE ♦ PENSION FUNDS SECTOR STATEMENTS OF SAVING AND INVESTMENT 32 ANNUAL FLOWS* 1955-64 ANNUAL FLOWS* 195B-64 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 LIFE INSURANCE COMPANIES 1 2 CURRENT SURPLUS PHYSICAL INVESTMENT 3 4 5 6 7 8 9 10 11 12 13 748 397 815 365 758 440 739 393 783 451 867 312 966 446 1.072 339 1.054 474 1.120 493 1 2 NET ACQUIS. OF FINAN. ASSETS DEM. DEPOSITS ♦ CURRENCY 5.466 55 5.455 18 5.272 21 5.357 69 5.550 -56 5.724 22 6.125 63 6.800 64 7.018 9 7.776 23 3 4 CORPORATE SHARES CREDIT MKT. INSTRUMENTS U.S. GOVT. SECURITIES STATE AND 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 1.670 400 348 433 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 5.078 3.070 1.325 644 5.046 3.167 1.175 664 4.892 2.651 1.600 639 5.208 3.017 1.500 607 5.614 3.312 1.975 241 5.374 3.152 1.275 963 5.713 3.354 1.400 993 6.061 3.642 1.375 990 6.517 4.106 1.675 742 7.190 4.312 1.950 825 14 15 16 17 -37 41 -62 197 396 205 108 -6 79 41 18 14 15 16 17 NET INCREASE IN LIABILITIES LIFE INSURANCE RESERVES PENSION FUND RESERVES OTHER LIABILITIES 18 DISCREPANCY PRIVATE PENSION FUNDS 1 2 3 4 5 6 7 8 NET ACQ. OF FINAN. ASSETS DEM. DEPOSITS ♦ CURRENCY CORPORATE SHARES CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES CORPORATE BONDS MORTGAGES MISCELLANEOUS 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 2 739 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 FUNDS 1 2 NET ACQ. OF FINAN. ASSETS DEMAND DEPOSITS ♦ CURRENCY 1.304 -20 1.274 16 1.675 47 1.770 7 1.926 -23 2.158 22 2.381 34 2.356 30 2.560 6 3.040 -2 1 2 3 4 5 6 7 8 9 10 CORPORATE SHARES CREDIT MKT. INSTRUMENTS U.S. GOVT. SECURITIES DIRECT U.S. G. agency SEC. STATE ♦ LOCAL OBLIGATION CORPORATE BONDS MORTGAGES 26 1.296 303 283 20 347 577 69 34 1.224 287 278 9 387 473 77 51 1.577 221 191 30 429 782 145 58 1.705 231 211 20 424 854 196 75 1.874 493 464 29 288 837 256 86 2.050 120 70 50 155 1.317 458 152 2.195 72 -3 75 -143 1.820 446 197 2.129 339 215 124 -459 1.903 346 209 2.345 343 391 -48 -500 2.132 370 273 2.769 478 444 34 -404 2.237 458 3 4 5 6 7 8 9 10 OTHER INSURANCE COMPANIES 1 CURRENT SURPI US 2 3 NET ACQ. OF FINAN. ASSETS DEMAND DEP. * CURRENCY 4 5 6 7 8 9 10 CORPORATE SHARES CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES STATE AND LOCAL OBLIG. corporate BONDS COMMERCIAL MORTGAGES TRADE CREOIT 240 -80 -196 59 207 263 287 264 -136 -303 I 1.010 25 607 -68 963 -8 1.155 73 1.744 -8 1.153 -5 1.309 33 1.863 166 1.083 -39 1.028 -36 2 3 163 730 -108 792 37 9 92 136 404 -353 721 27 9 135 125 686 -147 653 180 0 160 134 800 -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 13 14 FINANCIAL SOURCES OF FUNDS CORPORATE EQUITIES PROFIT TAX LIABILITIES INSURANCE CLAIMS 746 103 -81 724 664 62 -147 749 1.166 66 83 1.017 1.069 148 65 856 1.258 135 -21 1.144 994 79 -6 921 1.046 256 -34 824 855 143 8 704 1.338 286 -22 1.074 1.341 123 -58 1.276 11 12 13 14 15 DISCREPANCY -24 -23 7 -27 -279 104 24 -744 119 10 15 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST* 1973 INSURANCE ♦ PENSION FUNDS INSURANCE ♦ PENSION FUNDS 33 SECTOR STATEMENTS OF SAVING AND INVESTMENT ANNUAL FLOWS* ANNUAL FLOWS. 1965-72 1965-72 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 LIFE INSURANCE COMPANIES 1 2 969 439 1.099 522 841 637 609 749 898 816 774 966 949 1.448 1.628 961 3 4 8.724 14 8.246 29 8.679 28 9.778 124 9.215 -49 9.936 124 12.681 5 14.766 130 5 6 7 8 9 10 11 12 13 708 7.532 -429 -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 8.118 -155 57 5.466 -2.072 3.193 1.629 918 3.500 10.129 -236 -22 7.194 -2.138 3.961 1.370 1.007 14 15 16 17 7.922 4.691 2.075 1.176 7.964 4.587 2.100 1.217 9.107 4.983 2.600 1.635 9.180 4.635 2.925 1.458 9.323 4.912 2.925 1.431 10,220 5.136 3.275 1.697 13.336 6.101 5.175 2.130 14.716 7.241 4.600 2.860 18 -272 295 632 -738 190 92 156 617 CURRENT SURPLUS physical investment 1 2 NET ACQUIS. OF FINAN, ASSETS DEM. DEPOSITS ♦ CURRENCY 3 4 corporate shares CREDIT MKT. INSTRUMENTS U.S. GOVT. SECURITIES state and local oblig. CORPORATE BONDS HOME MORTGAGES other mortgages other loans MISCELLANEOUS ASSETS 5 6 7 8 9 10 11 12 13 NET INCREASE IN LIABILITIES LIFE INSURANCE RESERVES PENSION FUND RESERVES OTHER LIABILITIES 14 15 16 17 DISCREPANCY 18 private pension funds 1 2 5.534 49 7,157 -41 6.562 419 6.405 273 6.342 27 7.137 185 7.256 -163 5.698 169 3 4 5 6 7 8 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 2.053 82 15 8.915 -1.564 -296 -653 -615 68 7.065 -1.313 958 -1.588 -683 -223 NET ACQ. OF FINAN, ASSETS DEM. DEPOSITS ♦ CURRENCY CORPORATE SHARES CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES corporate BONDS mortgages MISCELLANEOUS 1 2 3 4 5 6 7 8 STATE ♦ LOCAL. GOVT. EMPLOYEE RETIREMENT funds 1 2 3.294 6 4.226 51 4.093 91 4.837 143 5.062 -128 6.270 122 6.824 -91 7.262 -17 3 4 5 6 7 8 9 10 352 2.936 230 119 111 -275 2.305 676 488 3.687 241 81 160 -144 2.820 770 670 3.332 -829 -962 133 -75 3.749 487 1.317 3.377 474 -151 625 -24 2.568 359 1.788 3.402 -291 -44 7 156 -51 3.122 622 2.137 4.011 -726 -735 9 -299 4.211 825 3.185 3.730 -1.162 -815 -347 -174 4.790 276 2.973 4.306 -189 -92 -97 -178 4.804 -131 NET ACQ. OF FINAN. ASSETS DEMANO DEPOSITS ♦ CURRENCY 1 2 corporate SHARES CREDIT MKT. INSTRUMENTS U.S. GOVT. SECURITIES 3 4 5 direct 6 U.S. G. AGENCY SEC. 7 STATE ♦ LOCAL OBLIGATION 8 CORPORATE BONDS 9 MORTGAGES 10 OTMtR INSURANCE COMPANIES 1 -96 494 424 135 -97 799 1.954 2.583 CURRENT SURPLUS 1 2 3 1.229 -75 2.120 8 1.991 -44 3.062 77 2.934 -41 5.450 111 6.616 77 6.202 81 NET ACC. OF FINAN. ASSETS DEMAND DEP. ♦ CURRENCY 2 3 4 5 6 7 a 9 10 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 1.930 -241 992 1.171 8 300 979 1.574 -486 1.244 809 7 422 984 3.883 81 1.452 2.305 45 472 2.471 3.777 -396 3.910 285 -22 291 2.957 2.875 -368 3.304 -63 2 289 n 12 13 14 1.687 85 56 1.546 1.868 81 2 1.785 2.188 110 2 2.076 2.691 247 -22 2.466 3.945 549 51 3.345 3.876 393 65 3.418 4.054 599 -115 3.570 4.400 600 120 3.680 15 362 242 621 -236 914 -775 -608 781 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS, CORPORATE SHARES 4 CREDIT MARKET INSTRUMENTS 5 U.S. GOVT. SECURITIES 6 7 STATE AND LOCAL OBLIG. CORPORATE BONDS 8 COMMERCIAL MORTGAGES 9 TRADE CREDIT 10 FINANCIAL SOURCES OF FUNDS CORPORATE EQUITIES PROFIT TAX LIABILITIES INSURANCE CLAIMS 11 12 13 14 DISCREPANCY 15 AUGUST* 1973 finance n.e.c, 34 finance n.e.c, sector statements of saving and investment ANNUAL FLOWS* 1946-54 ANNUAL FLOWS* 1946-54 1945 1 CURRENT SURPLUS OF GROUP 1946 1948 1947 -102 -11 1949 106 1951 1950 65 1953 1952 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 BUSINESS) 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 2*158 30 242 1.455 431 1.744 26 26 1.567 125 639 -27 221 439 6 1 2 3 4 5 6 7 8 9 NET INCREASE IN LIABILITIES CORPORATE BONDS BANK LOANS N.E.C. OPEN-MARKET PAPER 624 161 320 143 597 192 283 122 1.039 425 435 179 933 382 383 168 1.364 380 946 38 397 288 -241 350 1.295 257 684 354 1.538 1.401 -88 225 362 321 193 -152 6 7 8 9 REAL ESTATE INVESTMENT TRUSTS 1 2 3 PHYSICAL INVESTMENT 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 1 2 3 4 5 6 7 8 FINANCIAL ASSETS HOME MORTGAGES MULTI-FAMILY MORTGAGES COMMERCIAL MORTGAGES MISCELLANEOUS ASSETS 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4 5 6 7 8 FINANCIAL SOURCES OF FUNDS CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS MORTGAGES MULTI-FAMILY RESID. COMMERCIAL MORTGAGES 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 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 9 10 11 12 13 14 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 15 16 17 0 0 0 0 0 0 0 0 0 18 9 10 11 12 13 14 15 16 17 18 multi-family structures NONRESIDEnTIAL STRUCTURES CORPORATE BONDS BANK LOANS N.E.C. commercial paper MISCELLANEOUS LIABILITIES OPEN-END INVESTMENT COMPANIES I CURRENT SURPLUS -117 -46 52 -52 -27 -32 -26 -24 -102 1 2 3 NET ACQ. OF FINAN. ASSETS DEM. DEPOSITS ♦ CURRENCY 165 0 163 2 148 -2 275 14 212 15 265 45 505 -10 384 23 420 -1 2 3 4 5 6 7 8 CORPORATE SHARES CREDIT MARKET INSTR. U.S. GOVT. SECURITIES CORPORATE BONDS COMMERCIAL PAPER 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 0 433 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 9 NET SHARE ISSUES SECURITY BROKERS AND dealers 1 2 3 4 5 6 7 8 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 -31 534 -66 185 53 -117 -15 185 364 390 145 -140 -138 -117 118 -139 523 -278 -30 41 -218 -273 14 41 -71 389 -56 63 301 394 -156 63 81 402 -74 -11 123 -68 202 -11 364 1.044 82 130 26 26 -130 130 806 1 2 3 4 5 6 7 8 9 10 11 NET INCR. IN LIAB.- SEC. CR FROM BANKS CUSTOMER CREDIT BALANCES -1.610 -1.654 44 -784 -694 -90 486 514 -28 520 469 51 372 89 283 -279 -198 -81 375 556 -181 389 401 -12 1.005 668 337 9 10 11 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS AUGUST* 1973 finance n.e.c. finance n.e.c. sector STATEMENTS OF SAVING AND INVESTMENT ANNUAL FLOWS* 1956 1955 1 35 1966-64 0 -27 4 -31 1960 1959 1958 1957 -95 1961 -193 1962 ANNUAL FLOWS* 1955-64 CURRENT SURPLUS OF GROUP 1 1964 1963 -2ri5 -268 -149 -651 FINANCE COMPANIES 1 2 3 4 5 3.964 158 527 2.775 504 870 3 -104 887 84 1.188 38 -325 511 96* -385 28 457 -919 49 3.611 211 247 1.731 1.422 3.347 88 -36 1.387 1.90b 1.105 195 635 72 203 2.590 127 451 1.842 170 4.259 -197 833 2.208 1.415 4.037 -2 7 39 0 2.084 1.590 NET ACU, OF FINAN. ASSETS DEMAND DEP. ♦ CURRENCY HOME MORTGAGES CONSUMER CREDIT OTHER LOANS (TO BUSINESS) 1 2 3 4 5 6 7 8 9 3.908 1.351 2.309 248 652 995 -4 76 133 1.170 710 8 452 -706 167 -738 -135 2.765 1.118 949 698 3.088 1.537 710 841 942 530 548 -136 2.688 315 1.163 1.210 4.014 1.431 1.563 1.020 4.093 2.103 495 1.495 NET INCREASE IN LIABILITIES CORPORATE BONDS 6 7 8 9 ban* loans n.e.c. OPEN-maRKET PAPER real ESTATE investment TRUSTS 1 2 3 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 0 0 0 PHYSICAL INVESTMENT MULTI-FAMILY STRUCTURES NONRESIDENT IAL STRUCTURES 1 2 3 4 5 6 7 8 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 FINANCIAL ASSETS HOME MORTGAGES MULTI-FAMILY MORTGAGES COMMERCIAL MORTGAGES 4 5 6 7 8 9 10 11 12 13 14 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 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 0 0 0 0 0 0 9 FINANCIAL SOURCES OF FUNDS corporate EUUITIES 10 CREDIT MARKET INSTRUMENTS 11 MORTGAGES 12 multi-family resid. 13 14 COMMERCIAL MORTGAGES 15 16 17 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 0 0 0 18 0 0 0 0 0 0 0 0 0 0 miscellaneous assets CORPORATE BONDS BANK LOANS N.E.C. COMMERCIAL PAPER MISCELLANEOUS LIABILITIES 15 16 17 18 OPEN-END INVESTMENT COMPANIES 1 -208 -262 -235 -189 -345 -379 -465 -435 -442 -803 2 3 572 -36 787 19 835 -5 1.407 69 1.420 39 1.049 18 1.671 88 1.250 -23 966 61 1.191 59 4 5 6 7 8 409 199 101 34 64 539 229 21 194 14 691 149 1 113 35 1.141 197 124 155 -82 1.038 343 155 156 32 780 251 63 156 32 1.268 315 69 340 -94 941 332 49 30 253 769 136 -9 171 -26 842 290 39 361 -110 9 780 1.049 1.070 1.596 1.765 1.428 2.136 1.685 1.408 1.994 CURRENT SURPLUS 1 NET ACQ. OF FINAN, ASSETS DEM. DEPOSITS ♦ CURRENCY 2 3 CORPORATE SHARES CREDIT MARKET INSTR. U.S. GOVT. SECURITIES CORPORATE BONDS COMMERCIAL PAPER 4 5 6 7 8 NET SHARE ISSUES 9 NET ACQ. OF FINAN. ASSETS DEMAND DEP. ♦ CURRENCY CORPORATE EQUITY SHARES CREDIT MKT. INSTR. U.S. GOVT. SECURITIES STATE ♦ LOCAL GOVT. SEC CORPORATE ♦ FGN. RONDS SECURITY CREDIT 1 2 3 4 5 6 7 8 security BROKERS AND OEALERS 1 2 3 4 5 6 7 8 317 -27 155 -247 -402 0 155 436 -578 8 -200 -420 -20 -200 -200 34 147 9 85 390 206 100 84 -337 594 24 -283 -112 155 15 -282 965 101 29 80 -11 -177 87 79 3 532 24 -30 662 593 98 -29 -124 951 64 -64 -123 8 -67 -64 1.074 937 -40 138 998 671 190 137 -159 839 24 276 -992 -1.258 -9 275 1.531 450 9 46 880 656 179 45 -485 9 10 11 296 434 -138 -588 -573 -15 129 111 18 561 272 289 39 218 -179 495 342 153 874 782 92 960 963 -3 773 530 243 388 184 204 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. InCR. IN LIAB.- SEC. CR 9 from banks 10 NET CUSTOMER CREDIT BALANCES 11 AUGUST* 1973 FINANCE N.E.C. FINANCE N.E.C. SECTOR STATEMENTS OF SAVING AND INVESTMENT 36 ANNUAL FLOWS. 1965-72 ANNUAL FLOWS. 1965-72 1965 1 CURRENT SURPLUS OF GROUP -699 1966 1967 1968 1969 1970 -1.122 -1.030 -1.807 -2.174 -1.119 1971 1972 1973 1974 -86 -342 1 FlNANCt COMPANIES 1 2 3 4 5 NET ACQ. OF FINAN. ASSETS DEMAND DEP. ♦ CURRENCY HOME MORTGAGES CONSUMER CREDIT OTHER LOANS (TO BUSINESS) 5.863 192 542 3.164 1.965 2.291 152 -564 1.629 1.074 650 99 396 504 -349 5.210 77 641 2.259 2.233 8.133 116 281 2.767 4.969 935 233 141 455 106 4.396 284 1.053 1.291 1.768 11.020 262 4.132 3.819 2.807 1 2 3 4 5 6 7 8 9 NET INCREASE IN LIABILITIES CORPORATE BONDS BANK LOANS N.E.C. OPEN-MARKFT PAPER 5.240 1.890 2.164 1.186 3.117 760 -1.163 3.520 1.218 1.033 -1.843 2.028 5.717 811 2.328 2.578 8.368 1.567 1.894 4.907 1.653 2.544 -1.064 173 4.212 3.788 48 376 9.117 5.441 3.631 45 6 7 8 9 REAL ESTATE INVESTMENT TRUSTS 1 2 3 PHYSICAL INVESTMENT multi-family STRUCTURES 0 0 0 0 0 0 0 0 0 355 117 238 347 115 232 247 82 165 404 133 271 1.125 371 754 1 2 3 4 5 6 7 8 FINANCIAL ASSETS HOME MORTGAGES MULTI-FAMILY mortgages COMMERCIAL mortgages 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 330 35 75 120 100 999 148 318 411 122 2.448 477 620 1.015 336 2.593 748 742 1.054 49 5.350 1.176 1.900 1.768 506 4 5 6 7 8 FINANCIAL SOURCES OF FUNDS CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS MORTGAGES MULTI-FAMILY RESID. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 685 419 250 200 66 134 1.346 810 505 230 76 154 2.695 1.445 1.188 116 38 78 2.997 938 1.991 134 44 90 6.475 1.498 4.826 480 158 322 9 10 11 12 13 14 0 0 0 0 0 0 0 0 0 0 50 0 95 180 0 505 567 0 416 661 780 374 1.512 2.460 15 16 17 0 0 0 16 31 62 68 151 18 9 10 11 12 13 14 15 16 17 18 nonresidential structures miscellaneous assets commercial mortgages corporate bonds BANK LOANS n.e.c. COMMERCIAL paper miscellaneous liabilities OPEN-END INVESTMENT companies 1 current surplus -1.071 -1.195 -1.467 -2,201 -2.228 -946 -598 -1.158 1 2 3 NET ACQ. OF FINAN. ASSETS DEM. DEPOSITS ♦ CURRENCY 2.150 93 2.482 -6 1.490 151 3.597 122 2.559 -67 1.683 -10 583 139 -1.791 47 2 3 4 5 6 7 8 CORPORATE SHARES CREDIT MARKET INSTR. U.S. GOVT. SECURITIES corporate BONDS 1.271 786 44 405 337 953 1.535 626 361 548 1.851 -512 -516 44 -40 2.527 948 222 449 277 1.722 904 -468 178 1.194 1.180 513 175 700 -362 445 -1 -291 624 -334 -1.821 -17 130 158 -305 4 5 6 7 8 3.221 3.677 2.957 5.798 4.787 2,629 1.181 -633 9 9 commercial paper NET SHARE ISSUES SECURITY BROKERS AND DEALERS 1 2 3 4 5 6 7 8 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 489 30 308 -225 -293 -240 308 376 938 73 115 786 660 12 114 -36 3.446 206 372 -346 -759 41 372 3.214 3.772 475 -184 640 782 42 -184 2.841 -3.118 -79 356 132 -36 -187 355 -3.527 840 -313 110 2.331 1.668 554 109 -1.288 1.297 22 121 -1.365 -1.599 113 121 2.519 4.332 28 142 238 213 -116 141 3.924 1 2 3 4 5 6 7 8 9 10 11 NET INCR. In LIAB.- SEC. CR FROM BANKS CUSTOMER CREDIT BALANCES 360 -546 906 839 625 214 3.169 820 2.349 3.454 1.033 2.421 -3.026 -1.006 -2.020 980 1.932 -952 1.134 652 482 4.098 3.925 173 9 10 11 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS, AUGUST* 1973 REST OF THE WORLO REST OF THE WORLD 37 SECTOR STATEMENTS OF SAVING ANO INVESTMENT ANNUAL FLOWS* ANNUAL FLOWS. 19*6-54 19*6-54 19*5 19*6 19*7 19*8 19*9 1950 1951 1952 1953 195* REST OF THE WORLD 1 2 3 * 5 7.49* 14.735 7.2*1 2.899 -4.595 11.529 19.737 8.206 2.612 -8.917 6.4*0 16.789 10.3*9 4.511 -1.929 6.1*9 15.770 9.621 5.627 -522 1.779 13.807 12.028 4.007 2.228 3.671 18.7*4 15.073 3.492 -179 2.226 17.992 15.766 2.505 279 386 16.9*7 16.561 2.*5* 2.068 1.828 17.759 15.931 2.262 *3* 6 7 8 9 10 -5.0*0 -1.851 -623 -397 * -9.853 -712 -2.162 -562 -18 -3.108 -822 -1.531 *81 21 -1.297 77 -16* -211 1*2 2.2*9 3.65* 1.7*3 *7 227 -656 528 -52 -335 -288 -322 1.29* -379 250 1*1 1.729 2.235 1.161 -452 601 261 1.608 298 210 *92 11 12 13 1* 15 -6* -981 -723 -27* 16 -151 -633 -690 51 6 -1*4 *39 *38 -48 *9 -21 39* 266 95 31 3 1.2*3 1.195 -10 58 120 17 -80 6 91 1 1.120 1.068 36 16 55 592 *85 15 92 135 *32 2*3 6 183 u.s. corporate shares CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES U.S. CORPORATE BONDS(1) ACCEPTANCES 11 12 13 1* 15 16 17 5 -* -17 -6 -22 -3* 3 -** 1* 31 -3 2* -2 *1 -6 -50 25 -38 SECURITY CREDIT TRADE CREDIT BANK LIABILITIES TO 16 17 18 19 20 -1*8 -* 3bl 182 10 2.6*5 179 3* -2*5 363 56 -4*1 338 80 -72 *60 90 *95 135 132 -1*5 -69 158 2*5 1*0 12* -210 21 22 3.189 -2*8 9.1*1 1.185 2.286 356 1.37* 169 1.405 -16 1.18* -20 1.616 36 506 -95 1.3*7 -182 23 2* 25 26 27 0 3.413 -92 232 3.273 -15 *.388 -21 260 4.1*9 15 1.28* 80 9* 1.110 -18 285 -9 *65 2* 211 251 -216 176 76 5*7 277 59 211 60 *31 27 6 398 -51 51 -112 -106 269 256 178 -50 355 -127 28 29 30 31 32 33 -* -39 0 -1 75 230 12 -5 82 0 183 7*9 2.57* -3 22 0 -137 721 28 2 -5 0 173 660 108 6 -10 0 171 621 398 3 *2 0 -1*0 508 168 1 27 0 -6 852 215 0 -19 0 21 735 -136 30 69 0 21* 667 115 3* 4*5 936 1.179 775 -21 *77 601 339 173 ANNUAL FLOWS* -Hl NET U.S. EXPORTS U.S. EXPORTS U.S. IMPORTS TRANSFER RECEIPTS FROM U.S. CURRENT ACCOUNT BALANCE (4-D (U.S. BALANCE* SIGN REVERSED) NET FINANCIAL INVESTMENT 6 NET ACQUIS. OF FINAN. ASSET 7 GOLD ♦ SDR’S 8 U.S. DEM. DEP. ♦ CURRENCY 9 10 TIME DEPOSITS foreign affiliates DIRECT INVESTMENT IN U.S. unallocated FIN. SOURCES OF FUNDS. NET 1957 1958 1959 1960 1961 1962 1963 196* 21 FGN. CORPORATE SHARES 23 CREDIT MARKET INSTRUMENTS 24 CORPORATE BONDS 25 Bank loans n.e.c. 26 27 OTHER LOANS SECURITY DEBT TRADE DEBT USG EQUITY IN IBRD. ETC. FGN. CURR. HELD IN U.S. U.S. DIRECT I NV.ABROAD(1) UNALLOCATED 28 29 30 31 32 33 3* DISCREPANCY ANNUAL FLOWS. 1956 18 19 20 official u.s, fgn. exchan 22 195A-6* 1955 1 2 3 * 5 1955-6* REST OF THE WORLD 1 2 3 * 5 2.009 19.80* 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 2.338 132 134 23.*76 23.342 2.424 2.290 4.067 27.24* 23.177 2.336 -1.731 5.633 28.557 22.92* 2.559 -3.074 5.149 30.278 25.129 2.657 -2.*92 5.897 32.339 26.4*2 2.78* -3.113 8.462 37.099 28.637 2.782 -5.680 NET U.S. EXPORTS U.S. EXPORTS u.s. imports TRANSFER RECEIPTS FROM U.S. CURRENT ACCOUNT BALANCE (4-D (U.S. BALANCE. SIGN REVERSED) 1 2 3 4 5 6 7 8 9 10 -26 1.398 *0 -176 -101 -2.112 2.152 -305 221 -1*2 -4.568 33* -799 3*9 -124 -356 3.534 2.275 -96 881 1.879 4.6*6 1.075 1 3* -839 -718 3.822 1.703 -18 284 -2.0*3 3.31* 857 -2.759 3.4*5 461 266 851 -*.765 3.4*3 125 750 1.155 NET FINANCIAL INVESTMENT NET ACQUIS. OF FINAN. ASSET GOLD ♦ SDH’S 6 7 8 52 -1.289 2.589 890 135 *98 timf deposits 10 11 12 13 1* 15 127 969 1.060 5* -1*5 256 1.1*7 8*8 67 232 1*7 551 178 90 283 -54 37 9* 5* -111 351 2.875 3.017 -56 -86 203 1.189 576 79 53* 323 517 4*7 1 69 109 1.37* 1.322 25 27 225 697 590 57 50 -292 866 *75 208 183 U.S. CORPORATE shares CREDIT market INSTRUMENTS U.S. GOVT. SECURITIES U.S. CORPORATE BONDS(1, ACCEPTANCES 11 12 13 14 15 16 17 -17 *5 2 107 6 85 27 -66 -12 16* 5 -85 37 189 -37 -87 -3 -33 7 65 SECURITY CREDIT TRADE CREDIT BANK LIABILITIES TO 16 17 18 19 20 96 197 218 363 232 271 -195 155 159 190 98 242 *5 238 615 912 1*1 -512 267 73 23 -109 132 -316 372 -5 61* 560 -5 212 18 foreign affiliates DIRECT INVESTMENT IN U.S. 19 20 UNALLOCATED 21 22 1.42* -1*1 *.2b* 56* 4.902 367 3.890 -17 2.767 39 4.5*0 -4*2 5.357 251 3.878 -643 6.20* 8* 8.208 -46 FIN. SOURCES OF FUNDS* NET 21 OFFICIAL U.S. FGN. EXCHAN 22 23 2* 25 26 27 173 177 -193 36* b 111 863 310 355 198 35 1.333 435 353 5*5 332 2.000 918 526 556 195 739 *73 323 -57 8b 1.756 577 121 1.058 325 2.156 437 630 1.089 -25 1.R48 994 163 691 111 3.6*5 993 1.027 1.625 210 4.920 *67 2.439 2.014 FGN. CORPORATE SHARES CREDIT MARKET INSTRUMENTS CORPORATE BONDS BANK LOANS N.E.C. 28 29 30 31 32 33 0 5* 0 289 823 *9 -6 142 35 540 1,951 6* 0 88 0 653 2. 4*2 -16 17 -22 0 373 1.181 26 10 83 0 -13 1.372 342 -3 76* 15* 565 1.67* -14 37 171 463 1.599 28b -36 509 122 143 1.654 306 23 -378 62 337 1.976 3** -17 765 50 125 2.327 -126 SECURITY DEBT TRADE DEBT USG EQUITY IN IBRD* ETC. EGN. CURR. HELD IN U.S. U.S. DIRECT INV.ABROAD(1, UNALLOCATED 3* 503 543 1.157 488 411 -1.013 -1,031 -1.203 -35* 976 69 (1) MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS NET OF u.s. -915 U.S. DEM. DEP. ♦ CURRENCY other loans DISCREPANCY :ISSUES IN FOREIGN MARKETS TO FINANCE U.S. INVESTMENT ABROAD, 9 23 2* 25 26 27 28 29 30 31 32 33 34 AUGUST* 1973 REST OF THE WORLO REST OF THE WORLD 38 SECTOR STATEMENTS OF SAVING AND INVESTMENT ANNUAL FLOWS* 1965-72 ANNUAL FLOWS* 1965-72 1965 1967 1966 1968 1969 1970 1971 1972 1973 1974 REST OF THE WORLD 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) 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 3.629 62.918 59.289 3.215 -414 808 66.288 65.480 3.598 2.790 -4.610 73.462 78.072 3.744 8.354 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 -3.787 1.856 1.665 124 591 -1.999 3.297 571 403 310 -1.195 7.576 1.170 330 1.238 872 8.483 1.173 587 -302 3.377 10.291 -967 288 1.109 791 5.926 803 188 -1.704 13.575 22.694 1.334 284 547 11.430 19.364 554 1.522 2.618 6 7 8 9 10 11 12 13 14 15 U.S. CORPORATE SHARES CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES U.S. CORPORATE BONDS(1) ACCEPTANCES -400 57 -158 -147 362 -305 -1.565 -2.415 620 230 698 1.998 2.091 -128 35 2.097 295 -471 187 579 1.565 -283 -1.813 536 994 697 10.270 9.112 671 487 836 26.415 26.302 272 -159 2.268 8.384 8.402 44 -62 11 12 13 14 15 16 17 42 136 17 459 136 367 325 921 -202 776 -85 1.389 -38 84 55 817 16 17 18 19 20 SECURITY CREDIT TRADE CREDIT BANK LIABILITIES TO FOREIGN AFFILIATES DIRECT INVESTMENT IN U.S. UNALLOCATED 72 56 -487 2.942 87 378 703 258 678 2.318 320 749 7.936 832 -763 -6.939 1.030 277 -4.069 -116 -2.583 933 160 2.053 18 19 20 21 22 FIN. SOURCES OF FUNDS* NET OFFICIAL U.S. FGN. EXCHAN 5.643 443 5.296 3 8.771 1.118 7.611 2.053 6.914 287 5.135 -2.541 9.119 -1.731 7.934 -155 21 22 23 24 25 26 27 FGN. CORPORATE SHARES CREDIT MARKET 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 2.912 1.084 -226 2.054 467 2.857 1.028 -595 2.424 68 2.969 874 -39 2.134 27 5.698 940 2.635 2.123 -412 3.844 1.026 2.413 405 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. DIRECT INV.ABROAD(1) UNALLOCATED 28 -56 61 -387 3.277 -264 9 333 0 370 3.029 239 170 515 83 -69 2.690 247 210 399 137 480 1.079 186 -230 821 184 -462 2.243 747 1 963 235 503 3.599 -662 33 526 252 1.352 3.782 -820 84 551 270 3.578 1.381 -1.207 28 29 30 31 32 33 -280 -448 -1.048 -486 -2.342 -1.205 -10.785 -3.076 34 1 2 3 4 5 34 DISCREPANCY (1) NET OF U.S. ISSUES IN FOREIGN MARKETS TO FINANCE U.S. INVESTMENT ABROAD. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST* 1973 MONETARY AND INSURANCE RESERVES MONETARY AND INSURANCE RESERVES GOLD* OFFICIAL FOREIGN EXCHANGE* TREASURY CURRENCY* AND INSURANCE RESERVES ANNUAL FLOWS. 1945 1946-54 ANNUAL FLOWS. 1946-54 1946 1948 1947 1950 1949 1952 1951 1954 1953 gold AND OFFICIAL FOREIGN EXCHANGE HOLDINGS (1) 1 375 3.347 1.887 333 -1.759 32 415 -1.256 -480 TOTAL U.S. RESERVES 1 2 3 4 623 159 464 2.162 -63 2.225 1.531 41 1.490 164 -19 183 -1.743 -22 -1.721 52 63 -11 379 -113 492 -1.161 -4 -1.157 -298 19 -317 U.S. GOLD STOCK AND SDR’S U.S. GOVT.—EX. STAB, FUND MONETARY AUTHORITIES (2, 2 3 4 U.S. FGN. EXCHANGE POSITION 5 -248 1.185 356 169 -16 -20 36 -95 -182 6 7 8 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 OFFICIAL FGN. CURRENCY HLDGS TREASURY FEDERAL RESERVE 6 7 8 9 10 11 -248 -248 0 1.185 1.464 279 356 358 2 169 168 -1 -16 -262 -246 -20 -26 -6 36 38 2 -95 -82 13 -182 -188 -6 NET IMF POSITION u.s. govt. ASSET LESS-IMF DEPOSITS AT F. R. 9 10 11 37 103 -66 34 82 -48 36 91 -55 5 TREASURY CURRENCY and SDR certificates 126 223 -97 1 2 3 -28 0 -28 -5 27 -32 -19 9 -28 -10 38 -48 24 73 -49 TOTAL U.S. rOVT. LIABILITY MONETARY AUTHORITIES ASSET UNALLOCATED ASSET 1 2 3 INSURANCE AND PENSION FUND RESERVES LIFE INSURANCE RESERVES— 1 2 3 3.800 1.165 2.635 3.150 605 2.545 2.843 213 2.630 2.751 84 2.667 2.945 309 2.636 2.728 173 2.555 2.888 43 2.845 2.982 74 2.908 2.702 -299 3.001 NET CHANGE IN LIABILITIES u.s. government 4 3.800 3.150 2.843 2.751 2.945 2.728 2.888 2.982 2.702 NET INCREASE IN ASSETS (HOUSEHOLDS) 5 6 7 8 9 10 1.509 370 1.139 400 469 270 2.223 823 1.400 500 565 335 2.452 823 1.629 600 591 438 2.837 1.040 1.797 625 636 536 3.927 784 3.143 775 1.694 674 3.566 710 2.856 975 1.121 760 4.885 958 3.927 1.125 1.775 1.027 4.989 530 4.459 1.125 2.010 1.324 5.187 418 4.769 1.175 2.106 1.488 NET CHANGE IN LIABILITIES , u.s. government 11 1.509 2.223 2.452 2.837 3.927 3.566 4.885 4.989 5.187 NET INCREASE IN ASSETS (HOUSEHOLDS) life insurance companies 1 2 3 4 PENSION FUND RESERVES— 5 6 7 LIFE INSURANCE COMPANIES 6 PRIVATE PENSION FUNDS 9 S. ♦ L. GOVT.* RTR. FUNDS 10 insurance sector 11 INTERBANK CLAIMS 1 232 1.919 2.368 -3.870 2.202 2.712 -112 -164 -1.417 2 3 224 177 1.760 170 2.580 -238 -3.916 37 1.118 159 2.375 523 -106 56 210 -241 1.284 -43 4 5 6 7 8 9 10 -169 -168 -184 0 5 11 0 -11 -12 -27 0 -1 16 0 26 26 5 0 -1 22 0 9 6 -32 0 4 34 0 925 922 893 0 3 26 0 -186 -190 -232 0 4 38 0 -62 -65 -109 0 5 39 0 -133 -133 -146 0 1 12 0 -90 -94 -130 0 5 31 0 11 -1 1 0 3 3 4 3 0 4 12 232 1.919 2.368 -3.870 2.202 2.712 -112 -164 - 1.417 13 14 15 -184 2 -186 -27 -45 18 5 6 -1 -32 -7 -25 893 834 59 -232 -184 -48 -109 -217 108 -146 -32 -114 -130 -127 -3 16 17 18 19 20 416 400 224 177 -1 1.946 1.931 1.760 170 1 2.363 2.342 2.580 -238 0 -3.838 -3.876 -3.916 37 3 1.309 1.280 1.118 159 3 2.944 2.902 2.375 523 4 -3 -47 -106 56 3 -18 -31 210 -241 0 - 1.287 - 1.323 - 1.284 -43 4 21 0 0 0 0 0 0 0 0 0 22 23 24 25 16 11 0 5 15 16 0 -1 21 22 0 -1 38 34 0 4 29 26 0 3 42 38 0 4 44 39 0 5 13 12 0 1 36 31 0 5 (1) MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS TOTAL LIABILITIES MONET. AUTH.—MEM. BK. RES. — VAULT CASH 1 2 3 4 COMMERCIAL BANKING—TOTAL COMMERCIAL BANKS 5 TO MONETARY AUTHORITIES 6 LOANS FROM AFFILIATES 7 LOANS FROM FGN. BK. AG. 8 DEM. dEP. OF FGN. BK. AG 9 TIME DEP. OF FGN. BK. AG 10 FOREIGN BANKING AGENCIES — DEPOSITS OF BANKS TOTAL ASSETS MONETARY AUTHORITIES FEDERAL RESERVE FLOAT LOANS TO MEMBER BANKS 11 12 13 14 15 commercial banking—TOTAL 16 17 18 19 DEPOSITS AT FGN. BK. AG. 20 BANK AFFILIATES—LOANS TO affiliate banks 21 COMMERCIAL BANKS member bank reserves vault CASH FGN. BANKING AGENCIES DEM. DEPOSITS AT BANKS TIME DEPOSITS AT BANKS LOANS TO BANKS LINES 1 ♦ 2 EXCLUDE INITIAL ALLOCATION OF SDR’S OF $867 MILLION IN JANUARY 1970* $717 MILLION IN JANUARY 1971* AND $710 MILLION IN JANUAHY 1972. TRANSACTIONS IN ^DR'S ARE IN LINE 2. ALSO EXCLUDED FROM THE TABLE ARE REVALUATIONS OF FOREIGN CURRENCY HOLDINGS. GOLD. SOR’S* AND IMF POSITION. THESE ALLOCATIONS AND REVALUATIONS ARE INCLUDED IN TABLES ON OUTSTANDINGS. (2) TREASURY GOLD STOCK, 22 23 24 25 AUGUST* 1973 monetary and insurance reserves monetary and insurance reserves 40 GOLD* OFFICIAL FOREIGN EXCHANGE, TREASURY CURRENCY, AND INSURANCE RESERVES ANNUAL FLOWS, 195R-64 ANNUAL FLOWS, 1955-64 1955 1958 1957 1956 1959 1960 1961 1962 1964 1963 GOLD AND OFFICIAL FOREIGN exchange HOLDINGS (1) 1 TOTAL U.S. RESERVES 2 U.S. GOLD STOCK AND SDR’S U.S. GOVT.—EX. STAB. FUND 3 MONETARY AUTHORITIES (2, 4 5 U.S. FGN. EXCHANGE POSITION -181 869 1.166 -2.292 -1.036 -2.145 -606 -1.533 -377 -171 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 -465 -125 0 -125 2 3 4 -141 564 367 -17 39 -442 251 -643 84 -46 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 0 116 116 0 -17 -98 81 113 41 72 220 78 142 6 7 8 9 10 11 NET IMF POSITION U.S. GOVT. ASSET LESS-IMF DFPOSITS AT F. R. -141 -117 24 564 562 -2 367 337 -30 -17 -11 6 39 66 27 -442 -403 39 135 81 -54 -6?6 -625 1 -29 -25 4 -266 -273 -7 9 10 11 54 187 -133 20 -18 38 46 11 35 24 -173 197 1 2 3 TREASURY CURRENCY AND SDR CERTIFICATES 1 TOTAL U.S. GOVT. LIABILITY 2 MONETARY AUTHORITIES ASSET 3 UNALLOCATED ASSET 2 23 -21 19 58 -39 36 80 -44 38 88 -50 39 77 -38 47 87 -40 INSURANCE AND PENSION FUND RESERVES LIFE INSURANCE RESERVES— 1 2 3 NET CHANGE IN LIABILITIES U.S. GOVERNMENT LIFE INSURANCE COMPANIES 2.905 -165 3.070 3.470 303 3.167 2.738 37 2.651 3.073 56 3.017 3.421 109 3.312 3.228 76 3.152 3.447 93 3.354 3.767 125 3.642 4.237 131 4.106 4.416 104 4.312 1 2 3 4 NET INCREASE IN ASSETS (HOUSEHOLDS, 2.905 3.470 2.738 3.073 3.421 3.228 3.447 3.767 4.237 4.416 4 PENSION FUND RESERVES— 5 6 7 8 9 10 NET CHANGE IN LIABILITIES U.S. GOVERNMENT INSURANCE SFCTOR LIFE INSURANCE COMPANIES PRIVATE PFNSION FUNDS S. ♦ L. GOVT., RTR. FUNDS 5.596 689 4.907 1.325 2.278 1.304 6.060 863 5.197 1.175 2.748 1.274 6.785 435 6.350 1.600 3.075 1.675 7.354 934 6.420 1.500 3.150 1.770 8.446 884 7.562 1.975 3.661 1.926 8.327 926 7.401 1.275 3.968 2.158 8.734 916 7.818 1.400 4.037 2.381 8.929 993 7.936 1.375 4.205 2.356 9.876 1.161 8.715 1.675 4.480 2.560 11.149 1.249 9.900 1.950 4.910 3.040 5 6 7 8 9 10 11 NET INCREASE IN ASSETS (HOUSEHOLDS, 5.596 6.060 6.785 7.354 8.446 8.327 8.734 8.929 9.876 11.149 11 INTERBANK CLAIMS 1.223 689 -160 <716 129 -853 1.360 1.413 -942 1.396 1 MONET. AUTH.—MEM. BK. RES. —vault CASH 129 213 54 579 -25 74 •530 -86 -330 -237 -1.093 334 306 343 67 830 -405 -260 801 273 2 3 COMMERCIAL BANKING—TOTAL COMMERCIAL BANKS TO MONETARY AUTHORITIES LOANS FROM AFFILIATES LOANS FROM FGN. BK. AG. OEM. DEP. OF FGN. BK. AG TIME DEP. OF FGN. BK. AG 881 881 874 0 3 4 0 56 51 -2 0 7 46 0 -209 -210 -216 0 4 2 0 •100 •103 •132 0 3 26 0 696 708 701 0 3 4 0 -94 -80 -171 0 5 86 0 711 660 543 0 5 112 0 516 476 525 0 -5 -44 0 -277 -248 -309 0 17 44 0 322 375 131 0 227 17 0 4 5 6 7 8 9 10 11 1 TOTAL LIABILITIES 2 3 4 5 6 7 8 9 10 11 FOREIGN BANKING AGENCIES— DEPOSITS OF BANKS 12 TOTAL ASSETS 13 14 15 monetary authorities 16 17 18 19 20 21 COMMERCIAL BANKING—TOTAL COMMERCIAL BANKS MEMBER BANK RESERVES VAULT CASH DEPOSITS AT FGN. BK. AG. BANK AFFILIATES—LOANS TO AFFILIATE BANKS 22 23 24 25 FGN. BANKING AGENCIES DEM. DEPOSITS AT BANKS TIME OEPOSITS AT BANKS LOANS TO BANKS FEDERAL RESERVE FLOAT LOANS TO MEMBER BANKS 0 5 1 3 -12 -14 51 40 -29 -53 1.223 689 -160 ■716 129 -853 1.360 1.413 -942 1.396 12 874 777 97 -2 80 -82 -216 -241 25 ■132 >128 -4 701 294 407 -171 257 -428 543 453 90 525 603 -78 -309 -303 -6 131 6 125 13 14 15 349 342 129 213 0 691 638 54 579 5 56 50 -25 74 1 >584 ■613 ■530 -86 3 -572 -579 -330 -237 -12 -682 -773 -1.093 334 -14 817 700 306 343 51 888 937 67 830 40 -633 -694 -405 -260 -29 1.265 1.021 801 273 -53 16 17 18 19 20 0 0 0 0 0 0 0 0 0 0 21 7 4 0 3 53 46 0 7 6 2 0 4 29 26 0 3 7 4 0 3 91 86 0 5 117 112 0 5 -49 -44 0 -5 61 44 0 17 244 17 0 227 22 23 24 25 (1, LINES 1 ♦ 2 EXCLUDE INITIAL ALLOCATION OF SDR’S OF S867 MILLION IN JANUARY 1970, 1717 MILLION IN JANUARY 1971, AND 1710 MILLION IN JANUARY 1972. TRANSACTIONS IN SDR’S ARE IN LINE 2. ALSO EXCLUDED FROM THE Table ARE REVALUATIONS OF FOREIGN CURRENCY HOLDINGS, GOLD, SDR’S, AND IMF POSITION. THESE ALLOCATIONS AND REVALUATIONS ARE INCLUDED IN TABLES ON OUTSTANDINGS. (2, TREASURY GOLD STOCK. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS, AUGUST* 1973 MONETARY ANO INSURANCE RESERVES MONETARY AND INSURANCE RESERVES GOLD* OFFICIAL FOREIGN EXCHANGE* TREASURY CURRENCY, ANNUAL FLOWS, 41 ANO INSURANCE RESERVES ANNUAL FLOWS, 19bB-72 1966 1965 1967 1968 1969 1971 1970 1972 1973 1965-72 1974 GOLO ANU OFFICIAL FOREIGN EXCHANGE HOLDINGS (1) 1 -1.222 -5b8 -52 880 ;1,254 -3.344 -3.065 -709 TOTAL U.S. reserves 1 2 3 4 -1.665 -10 -1.655 -571 3 -574 -1.170 7 -1.177 -1 .173 442 -1 .615 967 967 0 -803 -1.159 356 -1.334 -743 -591 -554 -10 -544 U.S. GOLO STOCK AND SOR’S U.S. GOVT.—EX. STAB, fund MONETARY AUTHORITIES (2) 2 3 4 5 443 3 1.118 2 .053 287 -2.541 -1.731 -155 u.s. fgn. 6 7 8 349 15 334 540 294 246 1.024 295 f29 1 .183 726 457 -747 -653 -94 -2.152 -442 -1.710 -381 -141 -240 -35 -210 175 OFFICIAL FGN. CURRENCY HLOGS TREASURY FEDERAL RESERVE 6 7 8 9 10 11 94 98 4 -537 -529 8 94 97 3 870 868 -2 ]L.034 ]L. 037 3 -389 -375 14 -1.350 -1.349 1 -120 -118 2 NET IMF POSITION U.S. GOVT. ASSET LESS-IMF DEPOSITS AT F. R. 9 10 11 exchange position 5 TREASURY CURRENCY ANU SDR certificates 1 2 3 234 170 64 899 742 157 683 467 216 416 167 249 272 53 219 622 701 -79 490 478 12 533 686 -153 TOTAL U.S. GOVT. LIABILITY MONETARY AUTHORITIES ASSET UNALLOCATED ASSET 1 2 3 insurant ANO PENSION FUND RESERVES LIFE INSURANCE RESERVES — 1 2 3 4.825 134 4.691 4.694 107 4.587 5.063 80 4.983 4.621 -14 4.635 4.978 66 4.912 5.242 106 5.136 6.172 71 6.101 7.310 69 7.241 NET CHANGE IN LIABILITIES U.S. GOVERNMENT LIFE INSURANCE COMPANIES 1 2 3 4 4.825 4.694 5.063 4.621 4,978 5.242 6.172 7.310 NET INCREASE IN ASSETS (HOUSEHOLDS) 4 5 6 7 8 9 10 12.218 1.315 10.903 2.075 5.534 3.294 14,736 1.253 13.483 2.100 7.157 4.226 14.570 1.315 13.255 2.600 6.562 4.093 15.503 1.336 14.167 2.925 6.405 4.837 15.848 1.519 14.329 2.925 6.342 5.062 19.063 2.381 16.682 3.275 7,137 6.270 22.098 2.843 19.255 5.175 7.256 6.824 20.713 3.153 17.560 4.600 5.698 7.262 NET CHANGE IN LIABILITIES u.s. government INSURANCE SECTOR 11 12.218 14.736 14.570 15.503 15.848 19.063 22.098 20.713 NET PENSION FUND RESERVES — 5 6 7 life insurance companies 8 private pension funds 9 S. ♦ L. GOVT., RTR. FUNDS 10 INCREASE IN ASSETS (HOUSEHOLDS) 11 interbank claims 1 366 2.294 2.765 3.645 1.952 4.457 5.582 1.985 2 3 403 319 1.347 599 1.298 481 767 1.264 226 115 2.065 -273 3.638 494 -2.141 1.125 MONET. AUTH.—MEM. BK. RES. 4 5 6 7 8 9 10 -356 -378 -418 0 -66 106 0 348 318 339 0 -81 bO 0 986 997 34 0 103 860 0 1.614 1.590 914 0 -30 706 0 1.611 1.553 -8 585 144 832 0 2.665 2.469 973 97 97 1.247 55 1.450 1.572 -214 309 142 1.288 47 3.001 458 1.573 -392 181 -1.243 339 4 COMMERCIAL BANKING—TOTAL commercial BANKS 5 TO MONETARY AUTHORITIES 6 LOANS FROM AFFILIATES 7 LOANS FROM FGN. BK. AG. 8 DEM. oEP. OF FGN. BK. AG 9 TIME DEP. OF FGN. BK. AG 10 11 22 30 -11 24 58 196 -122 2.543 12 366 2.294 2.765 3.645 1.952 4.457 5.582 1.985 13 14 15 -418 -358 -60 339 262 77 34 66 -32 914 867 47 -8 -3 -5 973 821 152 -214 82 -296 1.573 -369 1.942 16 17 18 19 20 784 744 403 319 22 1.955 1.976 1.347 599 30 2.731 1.768 1.298 481 -11 2.731 2.055 767 1.264 24 1.960 399 226 115 58 3.484 1.988 2.065 -273 196 5,796 4.010 3.638 494 -122 412 1.527 -2.141 1.125 2.543 21 0 0 0 0 585 97 309 -392 22 23 24 25 40 106 0 -66 -21 60 0 -81 963 860 0 103 676 706 0 -30 976 832 0 144 1.399 1.247 55 97 1.477 1.288 47 142 -723 -1.243 339 181 (1) MONEY AMOUNTS ARE IN MILLIONS OF OOLLARS, TOTAL LIABILITIES —vault 1 cash FOREIGN BANKING AGENCIES — DEPOSITS OF BANKS TOTAL ASSETS monetary authorities FEDERAL RESERVE FLOAT LOANS TO MEMBER BANKS 2 3 11 12 13 14 15 16 COMMERCIAL BANK ING—TOT AL COMMERCIAL BANKS 17 MEMBER BANK RESERVES 18 vault CASH 19 DEPOSITS AT FGN. BK. AG. 20 BANK AFFILIATES—LOANS TO AFFILIATE BANKS 21 FGN. BANKING AGENCIES DEM. DEPOSITS AT BANKS TIME DEPOSITS AT BANKS LOANS TO BANKS LINES 1 ♦ 2 EXCLUDE INITIAL ALLOCATION OF SDR’S OF $867 MILLION IN JANUARY 1970* $717 MILLION IN JANUARY 1971* ANO $710 MILLION IN JANUARY 1972. TRANSACTIONS IN SDR’S ARE IN LINE 2. ALSO EXCLUDED FROM THE TABLE ARE REVALUATIONS OF FOREIGN CURRENCY HOLDINGS, GOLD* SDR’S, AND IMF POSITION. THESE ALLOCATIONS AND REVALUATIONS ARE INCLUDED IN TABLES ON OUTSTANDINGS. (2) TREASURY GOLD STOCK. 22 23 24 25 AUGUST. 1973 MONEY AND DEPOSITS SUMMARY 42 MONEY AND DEPOSITS SUMMARY MONEY SUPPLY AND TIME AND SAVINGS ACCOUNTS ANNUAL FLOWS. 19*6-5* ANNUAL FLOWS. 19*6-5* 19*5 19*6 19*7 19*8 19*9 1950 1951 1952 1953 195* DEMAND DEPOSITS AND CURRENCY 7.559 7.956 3.786 2.35* 867 669 280 -397 3.2*7 3.809 -1.382 3.396 733 323 739 -562 -1.750 -2.231 -2.733 275 *93 112 -378 *81 -405 -19* -1.870 908 236 2*3 289 -211 5.682 5.635 2.407 1.5*2 *51 662 573 *7 7.095 7.430 3.35* 2.876 395 593 212 -335 4.77* 4.52* 2.081 33* 303 1*6 1.660 250 1.377 1.829 1.112 -2*3 38* 356 220 -452 4.322 4.112 1.766 2.209 366 279 -508 210 1 2 3 * 5 6 7 8 9 U.S. government deposits 10 NET INCREASE IN ASSETS -22.120 -14.561 -2.105 1.1*2 1.237 -513 *18 13 -*37 5.2*5 109 7.20* 1.72* 6.498 -1.3*7 30 278 4.600 9 10 11 NET INCR. IN BANKING SYS. LIAB MONETARY AUTHORITIES 12 13 U.S. GOVT. CASH ♦ DEPOSITS FOREIGN DEPOSITS 1* 15 CURRENCY -14.561 -737 -599 -398 260 1.1*2 -1.087 -459 -37* -25* -513 63 2*2 227 -406 13 -828 -315 1*8 -661 5.2*5 -350 -172 -160 -18 7.20* 385 -*** -113 9*2 6.498 1.339 1*2 26 1.171 30 -93 -552 -130 589 4.600 87 252 6* -229 11 12 13 1* 15 -13.82* -21.521 1 7.696 2.229 -1.6*6 -188 *.063 -576 995 25* -1.825 8*1 733 -359 *67 5.595 -265 207 5.653 6.819 553 -222 6.488 5.159 1.582 22* 3.353 123 -795 -322 1.2*0 4.513 26 1*6 *.3*1 16 17 18 19 1 2 3 * 5 6 7 8 16 17 18 19 MONEY SUPPLY DOMESTIC SECTORS HOUSEHOLDS NONFINANCIAL BUSINESS S. ♦ L. GOVERNMENTS FINANCIAL SECTORS MAIL FLOAT REST OF THE WORLD COMMERCIAL BANKING U. S. GOVT. DEPOSITS FOREIGN DEPOSITS PRIVATE DOMESTIC TIME DEPOSITS AND SAVINGS ACCOUNTS 6.535 3.595 2.5*3 2.981 2.7*3 4.951 8.192 9.229 10.5*9 1 COMMERCIAL BANKING LIABILITY LARGE NEG. C.D.'S OTHER AT COMMERCIAL BANKS AT FOREIGN BANKING AGENCIES ACQUIRED BY: HOUSEHOLD CORPORATE RUSINESS STATE ♦ LOCAL GOVERNMENTS U.S. government MUTUAL SAVJNGS BANKS FOREIGN 3.815 0 3.799 16 1.371 0 1.391 -20 600 0 607 -7 *93 0 *70 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 *9 2 3 * 5 3.595 0 179 16 21 * 1.189 0 159 -9 50 -18 283 0 271 6 19 21 1*2 0 152 65 -8 1*2 5* 0 101 8 -5* 227 1.765 0 152 88 19 -288 2.787 0 85 73 32 1*1 2.518 0 329 -9 2* 601 2.622 200 *62 28 27 *92 6 7 8 9 10 11 AT SAVINGS INSTITUTIONS SAVINGS ♦ LOAN ASSNS. MUTUAL SAVINGS BANKS CREDIT UNIONS HELD BY: HOUSEHOLDS CREDIT UNIONS MEMO - HOUSEHOLDS TOTAL TIME ♦ SAVINGS ACCOUNTS 2.720 1.177 1.A80 63 1.175 2 2.22* 1.197 9*6 81 1.231 -3* 1.9*3 1.209 6*1 93 1.2*5 -36 2.*88 1.503 887 98 1.5*1 -38 2.407 1.520 738 1*9 1.5*9 -29 3.215 2.115 875 225 2.003 112 5.07* 3.088 1.710 276 3.056 32 5.766 3.651 1.778 337 3.650 1 6.718 *.*06 1.963 3*9 4.3*0 66 12 13 1* 15 16 17 6.313 3.4*7 2.262 2.668 2.490 4.868 7.829 8.283 9.27* 18 1 NET INCREASE - TOTAL 2 3 * 5 6 7 8 9 10 11 12 13 1* 15 16 17 18 ANNUAL FLOWS, 1955-6* ANNUAL FLOWS, 195R-6* 1955 1956 1957 1958 1959 1960 1961 1962 1963 196* DEMAND DEPOSITS AND CURRENCY 3.130 867 1.2*6 39 *3* 5*4 -176 1.760 1.539 1.63* -1*3 -5*4 13* *58 221 -807 -1.156 -1.162 7*1 -657 2*9 -327 3*9 5.575 5.671 2.195 2.6*4 -217 6*7 *02 -96 1.260 1.126 2.462 -2.521 1.69* 37 -5*6 13* 975 993 2.551 -2.499 160 379 *02 -18 5.857 4.881 2.400 5* *12 1.163 852 976 3.912 3.777 1.568 1.08* 53* 956 -365 135 5.311 5.0*5 3.227 257 1.513 *1 7 266 8.435 7.685 4.5*6 77* 1.632 206 527 750 1 2 3 * 5 6 7 8 U.S. GOVERNMENT deposits 9 10 NET INCREASE IN ASSETS -661 2.293 79 1.839 191 -616 151 5.726 65* 1.91* 862 1.837 26 5.883 1.302 5.21* -3*6 4.965 153 8.588 9 10 11 NET INCR. IN BANKING SYS. LIAB monetary authorities 12 U.S. GOVT. CASH ♦ DEPOSITS 13 foreign DEPOSITS 1* CURRENCY 15 2.293 153 -198 -85 *36 1.839 2* 55 -8* 53 -616 36 26 *0 -30 5.726 158 -201 -86 4*5 1.91* 563 -1*6 7* 635 1.837 -216 -33 -127 -56 5.883 799 25 68 706 5.21* 678 90 -2 590 4.965 2.802 26* -76 2.61* 8.588 1.898 191 53 1.65* 11 12 13 1* 15 2.1*0 -463 -91 2.69* 1.815 2* 305 1.486 -652 165 309 -1.126 5.568 352 -10 5.226 1.351 800 60 *91 2.053 895 109 1.0*9 5.08* 1 908 4.175 4.536 1.212 137 3.187 2.163 -610 3*2 2.431 6.690 -38 697 6.031 16 17 18 19 1 2 3 * 5 6 7 8 16 17 18 19 MONEY SUPPLY DOMESTIC SECTORS HOUSEHOLDS NONFINANCIAL BUSINESS S. * L. GOVERNMENTS FINANCIAL SECTORS MAIL FLOAT REST OF THE WORLD COMMERCIAL BANKING U. S. GOVT. DEPOSITS FOREIGN DEPOSITS PRIVATE DOMESTIC 2.95* TIME DEPOSITS AND SAVINGS ACCOUNTS 1 NET INCREASE - TOTAL 2 3 * 5 6 7 8 9 10 11 12 13 1* 15 16 17 18 COMMERCIAL BANKING LIABILITY LARGE NEG. C.D.'S OTHER AT COMMERCIAL BANKS AT FOREIGN RANKING AGENCIES ACQUIRED BY: HOUSEHOLD CORPORATE RUSINESS STATE ♦ LOCAL GOVERNMENTS U.S. government MUTUAL SAVINGS BANKS foreign AT SAVINGS INSTITUTIONS SAVINGS ♦ LOAN ASSNS. MUTUAL SAVINGS BANKS CREDIT UNIONS held by: households CREDIT UNIONS MEMO - HOUSEHOLDS TOTAL TIME ♦ SAVINGS ACCOUNTS MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. 8.455 9.428 12.298 16.862 9.487 15.300 20.752 28.677 29.582 30.4*0 1 1.325 0 1.337 -12 2.110 0 2.05* 56 5.409 0 5.473 -6* 7.963 0 7.981 -18 1.071 0 1.0*5 26 5.835 1.095 4.700 *0 9.417 2.128 7.2*6 *3 15.575 2.977 12.593 5 14.409 3.679 10.668 62 14.563 2.706 11.831 26 2 3 * 5 1.6*8 -100 -63 -13 -46 -101 2.300 0 ** -27 -65 -1*2 5.213 0 383 -29 -3* -12* 5.315 900 806 26 35 881 2.8*0 -400 -410 -42 -78 -839 1.786 2.367 1.378 -23 *3 28* 5.363 3.029 908 22 *3 52 12.629 1.466 985 -15 -8 *98 9.500 2.4*3 1.6*3 -9 -19 851 11.610 -16 1.719 12 83 1.155 6 7 8 9 10 11 7.130 4.890 1.831 *09 4.870 20 7.318 5.006 1.8*4 *68 4.972 3* 6.889 *.76* 1.658 *67 4.789 -25 8.899 6.06* 2.3*7 *88 5.906 158 8.416 6.607 1.237 572 6.676 -69 9.465 7.559 1.366 5*0 7.7*1 -182 11.335 8.7*3 1.93* 658 8.563 160 13.102 9.351 3.059 692 9.307 ** 15.173 11.072 3.270 831 11.021 51 15.877 10.579 4.2*3 1.055 10.476 103 12 13 1* 15 16 17 8.758 9.58* 12.127 14.056 11.325 11.433 16.538 25.687 24.622 27.38* 18 AUGUST* 1973 MONEY AND DEPOSITS SUMMARY MONEY AND DEPOSITS SUMMARY 43 MONEY SUPPLY AND TIME ANU SAVINGS ACCOUNTS ANNUAL FLOWS, 1965-72 1965 1966 ANNUAL FLOWS, 1968 1967 1969 1970 1971 1972 1973 1965--72 1974 DEMAND DEPOSITS AND CURRENCY money supply 1 2 3 4 5 6 7 8 8.257 8.133 7.676 411 -382 382 46 124 4.274 3.871 3.854 318 848 -215 -934 403 13.880 13.550 11.200 1.632 1.158 794 -1.234 330 16.013 15.426 12.312 1.914 -215 935 480 587 7.649 7.361 1.531 2.691 1.413 -333 2.059 288 11.775 11.587 9.465 510 -1.604 1,044 2.172 188 14.275 13.991 10.887 801 -971 993 2.281 284 19.962 18.440 12.788 176 1.819 1.912 1.745 1.522 9 10 -989 7.268 -369 3.905 1.117 14.967 -1.236 14.777 558 8.207 2.502 14.277 3.128 17.403 422 20.384 U.S. GOVERNMENT DEPOSITS NET INCREASE IN ASSETS 9 10 11 12 13 14 15 7.268 2.046 -4 -68 2.118 3.905 2.346 164 204 1.978 14.997 2.978 875 -9 2.112 14.777 1.501 -1.012 81 2.432 8.207 3.262 514 -100 2.848 14.277 3.068 -382 -31 3.481 17.403 4.408 897 119 3.392 20.384 4.032 -284 -96 4.412 NET INCR. IN BANKING SYS, LIAB MONETARY AUTHORITIES U.S. GOVT. CASH ♦ DEPOSITS FOREIGN DEPOSITS CURRENCY 11 12 13 14 15 16 17 18 19 5.222 -985 192 6.015 1.559 -533 199 1.893 12.019 242 339 11.438 13.276 -224 506 12.994 4.945 44 388 4.513 11.209 2.884 219 8.106 12.995 2.231 165 10.599 16.352 706 1.618 14.028 DOMESTIC SECTORS households NONFINANCIAL BUSINESS S. + L. GOVERNMENTS FINANCIAL SECTOHS MAIL FLOAT REST OF THE WORLD COMMERCIAL BANKING U, S. GOVT. DEPOSITS FOREIGN DEPOSITS PRIVATE DOMESTIC 1 2 3 4 5 6 7 8 16 17 18 19 time DEPOSITS AND SAVINGS ACCOUNTS 1 33.203 20.223 40.873 33.423 -1.538 54.947 82.189 88.738 2 3 4 5 20.108 3.666 16.367 75 13.289 -592 13.843 38 23.914 4.671 19.132 111 20.721 3.138 17.429 154 -9.465 -12.549 2.853 231 37.965 15.155 22.434 376 41.363 8.685 32.418 260 42.343 9.760 33.045 -462 6 7 8 9 10 11 14.856 2.322 2.374 -22 -13 591 13.163 -1.390 1.276 -30 -40 310 18.086 2.079 2.430 47 34 1.238 17.378 374 3.218 101 -48 -302 -2.022 -2.404 -5.890 -157 -101 1.109 27.473 1.695 10.005 252 244 -1.704 29.839 3.600 7.159 66 152 547 29.848 3.110 6.777 77 -87 2.618 12 13 14 15 16 17 13.095 8.498 3.594 1.003 8.569 -71 6.934 3.584 2.563 787 3.943 -359 16.959 10.648 5.115 1.196 10.418 230 12.702 7.386 4.207 1.109 7.569 -183 7.927 3.920 2.579 1.428 4,024 -104 16.982 10.866 4.434 1.682 10.813 53 40.826 28.068 9.861 2.897 27.859 209 46,395 32.833 10.172 3.390 32.415 418 18 28.022 20.456 34.815 30.263 6.009 44.402 70.456 75.825 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS, NET INCREASE - TOTAL 1 COMMERCIAL BANKING LIABILITY 2 3 LARGE NEG. C.D.’S 01 HER AT COMMERCIAL BANKS 4 AT FOREIGN BANKING AGENCIES 5 ACQUIRED BYS HOUSEHOLD 6 CORPORATE BUSINESS 7 STATE ♦ LOCAL GOVERNMENTS 8 U.S. government 9 MUTUAL SAVINGS BANKS 10 FOREIGN 11 AT SAVINGS INSTITUTIONS SAVINGS ♦ LOAN ASSNS, MUTUAL SAVINGS BANKS CREDIT UNIONS HELD By: HOUSEHOLDS CREDIT UNIONS MEMO - HOUSEHOLDS TOTAL TIME ♦ SAVINGS ACCOUNTS 12 13 14 15 16 17 18 AUGUST* 1973 U.S. GOVT. SECURITIES U.S. GOVT. SECURITIES 44 U.S. GOVERNMENT SECURITIES MARKET SUMMARY ANNUAL FLOWS, 19*6-54 ANNUAL FLOWS. 1946-54 1945 1 TOTAL NET ISSUFS 2 INCLUDED IN PUBLIC DEBT 3 HOUSEHOLD SAVINGS BONDS 4 DIRECT EXC. SAVINGS BONDS 5 6 7 8 OTHER BUDGET AGENCY ISSUES LOAN PARTICIPATIONS (1) SPONS. AGENCY ISSUES (2) 9 NET ACQUISITIONS, BY SECTOR 10 U.S. GOVT. (AGENCY SEC., SPONSORED CREDIT AGENCIES 11 12 DIRECT MARKETABLE 13 FHLB SPECIAL ISSUE 14 FEDERAL RESERVE SYSTEM 15 16 17 FOREIGN short-term marketable OTHER 18 TOTAL PRIVATE DOMESTIC 19 20 21 22 PVT. DOMESTIC NONFINANCIAL SAVINGS BONDS DIRECT EXC. SVGS. BONDS AGENCY ISSUES 1952 1953 1954 -211 -301 -471 170 4.931 4.503 92 4.411 7.042 5.418 198 5.220 2.386 2.336 595 1.741 1 2 3 4 -241 0 -622 381 90 0 -137 227 428 0 381 47 1.624 0 1.627 -3 50 0 85 -35 5 6 7 6 2.465 0 -3 -3 0 -4.448 -798 0 -77 -77 0 1.893 -211 5 55 55 0 3.023 4.931 -1 67 67 0 897 7.042 -4 94 94 0 1.217 2.386 1 260 260 0 -982 9 10 11 12 13 14 438 468 -30 268 158 110 1.195 251 944 -80 601 -681 1.068 765 303 485 568 -83 243 234 9 15 16 17 -5.603 -6.774 6.648 -3.809 -3.214 2.900 5.250 2.864 18 1.325 2.085 -818 58 1.306 1.601 -420 125 2.979 1.463 1.575 -59 3.003 252 2.782 -31 404 -471 584 291 260 92 125 43 3.146 198 2.881 67 -2.531 595 -3.107 -19 19 20 21 22 1947 1948 1949 -23.154 -23.246 1.216 -24.462 -7.115 -7.194 2.085 -9.279 -5.434 -6.556 1.601 -8.157 2.465 2.488 1.463 1.025 -798 -557 252 -809 92 0 -203 295 79 0 -37 116 1.122 0 847 275 -23 0 89 -112 -23.154 0 5 5 0 -912 -7.115 0 -31 -31 0 -791 -5.434 0 128 128 0 774 -723 -453 -270 -690 -752 62 -21.524 -7.492 1.216 -8.637 -71 1946 1951 1950 23 24 25 26 HOUSEHOLDS SAVINGS BONDS - HOUSEHOLDS DIRECT EXC. SVGS. BONDS AGENCY ISSUES -1.411 1.216 -2.555 -72 1.139 2.085 -1.003 57 309 1.601 -1.416 124 1.069 1.463 -334 -60 -630 252 -850 -32 -760 -471 -579 290 -177 92 -175 -94 527 198 485 -156 -1.757 595 -2.097 -255 23 24 25 26 27 26 29 CORPORATE NONFIN. BUSINESS DIRECT AGENCY ISSUES -5.729 -5.729 0 -488 -488 0 562 562 0 1.844 1.844 0 3.173 3.173 0 783 783 0 -1.006 -1.006 0 1.593 1.593 0 -1.717 -1.817 100 27 28 29 30 31 32 STATE ♦ LOCAL GOVERNMENTS DIRECT AGENCY ISSUES -352 -353 1 674 673 1 435 434 1 66 65 1 460 459 1 381 380 1 1.443 1.306 137 1.026 803 223 943 807 136 30 31 32 -15.778 -15.935 157 -5.659 -5.679 20 -5.721 -6.649 928 4.491 4.413 78 -5.135 -4.943 -192 -727 -470 -257 2.154 1.856 298 1.581 90 1.491 5.744 5.624 120 33 34 35 33 34 35 COMMERCIAL BANKING DIRECT AGENCY ISSUES 36 37 38 PRIVATE NONBANK FINANCE DIRECT AGENCY ISSUES 1.746 1.740 6 -1.269 -1.270 1 -2.359 -2.428 69 -822 -780 -42 -1.677 -1.659 -18 -2.891 -2.942 51 486 398 88 523 453 70 -349 -297 -52 36 37 38 39 40 41 SAVINGS * LOAN ASSNS. DIRECT AGENCY ISSUES -411 -411 0 -269 -269 0 -285 -285 0 7 7 0 25 25 0 116 116 0 201 184 17 142 133 9 102 101 1 39 40 41 42 43 44 MUTUAL SAVINGS BANKS DIRECT AGENCY ISSUES 1.082 1.078 4 193 192 1 -428 -496 68 -89 -49 -40 -576 -556 -20 -1.027 -1.027 0 -351 -368 17 -187 -236 49 -471 -443 -28 42 43 44 45 46 47 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 0 6 6 0 8 8 0 45 46 47 48 49 50 LIFE INSURANCE DIRECT AGENCY ISSUES 1.048 1.046 2 -1.595 -1.595 0 -3.227 -3.228 1 -1.516 -1.514 -2 -1.810 -1.812 2 -2.451 -2.452 1 -768 -782 14 -394 -384 -10 -755 -752 -3 48 49 50 51 52 53 NONLIFE INSURANCE DIRECT AGENCY ISSUES 594 594 0 591 591 0 528 528 0 413 413 0 427 427 0 214 164 50 377 357 20 248 251 -3 88 112 -24 51 52 53 54 55 56 PRIVATE PENSION FUNDS DIRECT AGENCY ISSUES 250 250 0 250 250 0 250 250 0 250 250 0 100 100 0 100 100 0 150 150 0 286 266 20 92 103 -11 54 55 56 57 58 59 S. ♦ L. GOVT. RTR. FUNDS DIRECT AGENCY ISSUES 152 152 0 189 189 0 213 213 0 184 184 0 241 241 0 420 420 0 476 456 20 491 486 5 536 523 13 57 58 59 60 61 INVESTMENT COS. (DIRECT, SEC. BRKRS. ♦ DLRS.( " ) -5 -964 12 -655 22 558 39 -117 25 -117 0 -273 1 394 -1 -68 25 26 60 61 (1)WHERE NOT SHOWN SEPARATELY, LOAN PARTICIPATIONS ARE INCLUDED WITH AGENCY ISSUES. <2,THESE ISSUES ARE OUTSIDE THE BUDGET AND OUTSIDE THE U.S. GOVERNMENT SECTOR IN FLOW-OF-FUNDS ACCOUNTS. THEY ARE INCLUDED IN CREDIT MARKET DEBT OF FINANCIAL INSTITUTIONS. SPONSORED-CREDIT ISSUES INCLUDE GNMAGUARANTEED SECURITIES BACKED *Y MORTGAGE POOLS. MONEY AMOUNTS ARF IN MILLIONS OF DOLLARS, AUGUST* 1973 U.S. GOVT. SECURITIES U.S. GOVT. SECURITIES 45 U.S. GOVERNMENT SECURITIES MARKET SUMMARY ANNUAL FLOWS* ANNUAL FLOWS* 1956-64 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1955-64 1 2 3 4 153 -61 263 -324 -5.355 -5.543 -94 -5.449 -935 -2.658 -1.909 -749 8.955 8.959 -523 9.482 8.969 7.423 -1.796 9.219 -1.716 -2.195 -265 -1.930 7.603 6.682 803 5.879 8.271 6.214 423 5.791 5.453 4.088 1.181 2.907 6.656 5.388 911 4.477 TOTAL NET ISSUES INCLUDED IN PUBLIC DEBT HOUSEHOLD SAVINGS BONDS DIRECT E*C. SAVINGS BONDS 1 2 3 4 5 6 7 8 214 570 -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 OTHER BUDGET AGENCY ISSUES LOAN PARTICIPATIONS (1) SPONS. AGENCY ISSUES (2) 5 6 7 8 9 10 11 12 13 14 153 19 127 127 0 -148 -5.355 -16 268 268 0 130 -935 1 -83 -133 50 -677 8.955 -4 91 -24 115 2.108 8.969 -1 100 100 0 302 -1.716 6 145 260 -115 736 7.603 25 -78 -78 0 1.497 8.271 -31 373 372 1 1.939 5.453 29 41§ 138 274 2.773 6.656 -18 -415 -115 -300 3.451 15 16 17 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 NET ACQUISITIONS. BY SECTOR U.S. GOVT. (AGENCY SEC.) SPONSOREO CREDIT AGENCIES DIRECT MARKETABLE FHLB SPECIAL ISSUE FEDERAL RESERVE SYSTEM 9 10 11 12 13 14 FOREIGN SHORT-TERM MARKETABLE 15 16 17 other 18 -905 -6.585 -354 6.666 5.551 -3.179 5.712 4.668 1.649 3.163 TOTAL PRIVATE DOMESTIC 18 19 20 21 22 7.492 263 6.370 859 -2.183 -94 -2.361 272 25 -1.909 740 1.194 -3.008 -523 -1.935 -550 13.098 -1.796 12.619 2.275 -5.285 -265 -4.765 -255 -966 803 -1.842 73 1.523 423 755 345 4.485 1.181 2.535 769 1.121 911 -179 389 PVT. DOMES'IC NONFINANCIAL SAVINGS BONDS DIRECT EXC. SVGS. BONDS AGENCY ISSUES 19 20 21 22 23 24 25 26 2.482 263 1.511 708 1.535 -94 1.397 232 576 -1.909 1.962 □ 23 -3.244 -523 -2.178 -543 5.722 -1.796 5,980 1.538 -26 -265 585 -346 -546 803 -1.461 112 179 423 -694 450 3,444 1.181 2.052 211 3.055 911 1.338 806 27 28 29 4.058 3.858 200 -4.463 -4.563 100 -729 -1.229 500 303 503 -200 6.129 5.429 700 -5.953 -5.948 -5 -324 -464 140 238 208 30 -46 -396 350 -1.564 -1.298 -266 30 31 32 952 1.001 -49 745 805 -60 178 7 171 -67 -260 193 1.247 1.210 37 694 598 96 -96 83 -179 1.106 1.241 -135 1.087 879 208 -370 -219 -151 33 34 35 -8.271 -7.432 -839 -3.255 -2.9f2 -283 -323 -334 11 8.754 8.179 575 -8.828 -7.707 -1.121 2.464 2.067 397 6.288 5.610 678 1.251 -162 1.413 -2.934 -3.265 331 304 -219 523 36 37 38 -126 -301 175 -1.147 -1.362 215 -56 -573 517 920 945 -25 1.281 888 393 -358 -689 331 390 245 145 1.894 1.564 330 98 -138 236 39 40 41 406 360 46 494 401 93 624 391 233 609 646 -37 754 658 96 236 115 121 581 617 -36 357 337 20 42 43 44 -219 -281 62 -421 -483 62 -279 -425 146 -378 -358 -20 -171 -265 94 -600 -661 61 -71 -119 48 45 46 47 15 15 0 15 15 0 15 15 0 15 15 0 10 10 0 10 10 0 48 49 50 -501 -506 5 -998 -1.029 31 -508 -520 12 147 154 -7 -290 -309 19 51 52 53 -108 -137 29 -353 -343 -10 -147 -177 30 -24 -41 17 54 55 56 279 266 13 -172 -20? 30 -189 -255 66 57 58 59 303 283 20 287 278 9 60 61 101 -402 21 -20 HOUSEHOLDS SAVINGS BONDS - HOUSEHOLDS DIRECT EXC. SVGS. RONDS AGENCY ISSUES CORPORATE NONFIN. BUSINESS 27 28 DIRECT 29 AGENCY ISSUES STATE ♦ LOCAL GOVERNMENTS DIRECT AGENCY ISSUES 30 31 32 COMMERCIAL BANKING DIRECT AGENCY ISSUES 33 34 35 1.738 1.364 374 PRIVATE NONBANK FINANCE DIRECT AGENCY ISSUES 36 37 38 999 901 98 583 523 60 PAVINGS ♦ LOAN ASSNS. DIRECT AGENCY ISSUES 39 40 41 33 -71 104 -203 -280 77 18 -75 93 MUTUAL SAVINGS BANKS DIRECT AGENCY ISSUES 42 43 44 20 20 0 20 20 0 45 40 5 25 15 10 CREDIT UNIONS DIRECT AGENCY ISSUES 45 46 47 -466 -493 27 -367 -378 11 65 63 2 -352 -386 34 -300 -290 -10 LIFE INSURANCE OIRECT AGENCY ISSUES 48 49 50 265 187 78 -193 -180 -13 -52 -88 36 126 81 45 182 158 24 112 32 80 NONLIFE INSURANCE DIRECT AGENCY ISSUES 51 52 53 41 39 2 242 165 77 -121 -206 85 130 119 11 234 199 35 351 305 46 127 ?0 107 PRIVATE PENSION FUNDS OIRECT AGENCY ISSUES 54 55 56 221 191 30 231 211 20 493 464 29 120 70 50 72 -3 75 339 215 124 343 391 -48 478 444 34 S. ♦ L. GOVT. RTR. FUNDS DIRECT 57 58 59 1 206 124 155 155 -177 63 593 69 8 49 671 -9 -1.258 39 656 INVESTMENT COS. (DIRECT) SEC. BRKRS. ♦ DLRS. ( '• ) 60 61 (l)WHERE not Shown AGfNCY issues SEPARATELY ♦ LOAN PARTICIPATIONS ARE INCLUDED WITH AGENCY ISSUES. (2)THESE ISSUES ARE OUTSIDE THE BUDGET AND OUTSIDE THE U.S. GOVERNMENT SECTOR IN FLOW-OF-FUNDS ACCOUNTS. THEY ARE INCLUDED IN CREDIT MARKET DEBT OF FINANCIAL INSTITUTIONS. SPONSORED-CREDIT ISSUES INCLUDE GNMAGUARANTEED SECURITIES BACKED BY MORTGAGE POOLS. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS, 23 24 25 26 AUGUST* 1973 U.S. GOVT. SECURITIES U.S. GOVT. SECURITIES U.S. GOVERNMENT SECURITIES MARKET SUMMARY 46 ANNUAL FLOWS* 1965-72 ANNUAL FLOWS* 1965-72 1965 1966 1967 1968 1969 1970 1971 1972 1 TOTAL NET ISSUFS INCLUDED IN PUBLIC DEBT 2 HOUSEHOLD SAVINGS BONDS 3 DIRECT EXC. SAVINGS BONOS 4 3.658 1.301 635 666 8.753 2.340 654 1.686 12,514 8.913 890 8.023 16.693 10.319 373 9.946 5.501 -1.277 -386 -891 21.111 12.886 281 12.605 29.868 26.023 2.425 23.598 23,585 13.919 3.295 10.624 1 2 3 4 5 6 7 8 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 8.225 318 -327 8.234 3.845 640 -1.091 4.296 9.666 1.982 1.502 6.182 5 6 7 8 3.658 34 107 -161 268 3.724 8.753 1.311 984 348 636 3.514 12.514 -87 -25 852 -877 4.830 16.693 135 -108 -108 0 3.825 5.501 -1.300 -245 -524 279 4.217 21.111 -97 1.723 1.879 -156 4.988 29.868 -4 -1.525 -1.462 -63 8.644 23.585 5 -1.418 -1.330 -88 339 9 10 11 12 13 14 -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 8.402 2.250 6.152 15 16 17 OTHER BUDGET AGENCY ISSUES LOAN PARTICIPATIONS (1) SPONS. AGENCY ISSUES (2) 9 NET ACQUISITIONS. BY SECTOR 10 U.S. GOVT. (AGENCY SEC.) SPONSORED CREDIT AGENCIES 11 DIRECT MARKETABLE 12 13 FHLB SPECIAL ISSUE 14 FEDERAL RESERVE SYSTEM 15 16 17 FOREIGN SHORT-TERM MARKETABLE OTHER 18 TOTAL PRIVATE DOMESTIC 19 20 21 22 PVT. DOMESTIC NONFINANCIAL SAVINGS BONDS DIRECT EXC. SVGS. BONDS AGENCY ISSUES 1973 1974 -49 5.359 5.705 13.312 4.642 5.385 -3.549 16.257 18 2.888 635 957 1.296 8.233 654 3.436 4.143 -1.392 890 -2.609 327 7.965 373 4.303 3.289 16.812 -386 10.521 6.677 -8.349 281 -10.847 2.217 -12.958 2.425 -10.923 -4.460 4.077 3.295 -206 988 19 20 21 22 23 24 25 26 HOUSEHOLDS SAVINGS BONDS - HOUSEHOLDS DIRECT EXC. SVGS. BONOS AGENCY ISSUES 2.442 635 905 902 7.775 654 2.727 4.394 1.263 890 -982 1.355 5.461 373 5.268 -180 12.202 -386 9.794 2.794 -7.694 281 -10.680 2.705 -12.746 2.425 -11.709 -3.462 4.357 3.295 1.537 -475 23 24 25 26 27 28 29 CORPORATE NONFIN. BUSINESS DIRECT AGENCY ISSUES -2.479 -2.829 350 -1.207 -1.588 381 -2.537 -1.092 -1.445 323 -476 799 -2.261 -2.809 548 314 223 91 2.036 1.981 55 -2.386 -3.126 740 27 28 29 30 31 32 STATE ♦ LOCAL GOVERNMENTS DIRECT AGENCY ISSUES 2.925 2.881 44 1.665 2.297 -632 -118 -535 417 2.181 -489 2.670 6.871 3.536 3.335 -969 -390 -579 -2.248 -1.195 -1.053 2.106 1.383 723 30 31 32 -2.790 -3.378 588 -3.138 -3.412 274 9.405 6.468 2.937 3.254 2.053 1.201 -10.016 -9.708 -308 10.427 6.918 3.509 6.944 3.115 3.829 6.463 2.400 4.063 33 34 35 -147 -586 439 264 -421 685* -2.308 -2.732 424 2.093 344 1.749 -2.154 -3.863 1.709 3.307 711 2.596 2.465 -1.447 3.912 5.717 1.758 3.959 36 37 38 534 438 96 387 299 88 1.582 1.423 159 727 362 365 279 -992 1.271 1.154 -380 1.534 5.205 1.354 3.851 4.280 926 3.354 39 40 41 -271 -302 31 -507 -728 221 -346 -516 170 -191 -610 419 -510 -605 95 194 -195 389 358 -5 363 301 -132 433 42 43 44 33 34 35 COMMERCIAL BANKING DIRECT AGENCY ISSUES 36 37 38 PRIVATE NONBANK FINANCE DIRECT AGENCY ISSUES ♦ loan assns. 39 40 41 savings 42 43 44 MUTUAL SAVINGS BANKS DIRECT AGENCY ISSUES 45 46 47 CREDIT UNIONS DIRECT AGENCY ISSUES 27 8 19 129 24 105 82 4 78 -37 -34 -3 -181 -123 -58 438 342 96 801 331 470 628 380 248 45 46 47 48 49 50 LIFE INSURANCE DIRECT AGENCY ISSUES -429 -462 33 -382 -426 44 -282 -260 -22 -76 -247 171 -308 -343 35 87 -55 142 -155 -233 78 -236 -253 17 48 49 50 51 52 53 NONLIFE INSURANCE DIRECT AGENCY ISSUES 6 -165 171 -399 -473 74 -688 -705 17 -241 -353 112 -486 -485 -1 81 -50 131 -396 -215 -181 -368 -282 -86 51 52 53 54 55 56 PRIVATE PENSION FUNDS DIRECT AGENCY ISSUES 5 27 -22 -491 -484 -7 -552 -441 -111 433 373 60 -153 -364 211 236 -59 295 -296 26 -322 958 868 90 54 55 56 57 58 59 S. ♦ L. GOVT. RTR. FUNDS DIRECT AGENCY ISSUES 230 119 111 241 81 160 -829 -962 133 474 -151 625 -291 -447 156 -726 -735 9 -1.162 -815 -347 -189 -92 -97 57 58 59 60 61 INVESTMENT COS. (DIRECT) SEC. BRKRS. ♦ DLRS. ( " ) 44 -293 626 660 -516 -759 222 782 -468 -36 175 1.668 -291 -1.599 130 213 60 61 DIRECT AGENCY ISSUES (1) WHERE NOT SHOWN SEPARATELY* LOAN PARTICIPATIONS ARE INCLUOEO WITH AGENCY ISSUES. (2) THESE ISSUES ARE OUTSIDE THE BUDGET ANO OUTSIDE THE U.S. GOVERNMENT SECTOR IN FLOW-OF-FUNDS ACCOUNTS. THEY ARE INCLUDED IN CREOIT MARKET DEBT OF FINANCIAL INSTITUTIONS. SPONSORED-CREDIT ISSUES INCLUDE GNMAGUARANTEED SECURITIES BACKED *Y MORTGAGE POOLS. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS, AUGUST* 1973 PRIVATE SECURITIES ANO MORTGAGES PRIVATE SECURITIES AND MORTGAGES 47 PRIVATE SECURITIES AND MORTGAGES ANNUAL FLOWS* 19*6-54 1945 ANNUAL FLOWS. 19*6 1947 1950 19*9 19*8 1951 1952 1953 195* 1946--54 state AND LOCAL government SECURITIES net change in liabilities OF STATE AND LOCAL GOVERNMENTS 1 2 3 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 3.684 193 3.491 4.269 169 4.100 6.082 110 5.972 4 5 6 7 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 3.684 2.041 -31 50 4.269 1.822 193 182 6.082 2.516 -34 174 NET CHANGE IN ASSETS HOUSEHOLD* CORPORATE BUSINESS S. ♦ L. GOVT.* GEN. FUNDS 4 5 6 7 8 9 10 11 12 13 429 -30 -108 86 -12 0 892 2 -5 102 78 -97 390 6 263 129 229 24 898 15 180 183 284 -15 1.597 2 100 200 316 lie 1.096 52 -10 163 304 1* 1.009 195 -16 171 421 -156 657 93 152 220 748 202 1.763 180 555 273 785 -130 COMMERCIAL BANKING MUTUAL SAVINGS BANKS LIFE INSURANCE COS, S. ♦ L. GOVT.* RTR. FUNDS OTHER INSURANCE COS. FINANCE N.E.C. 8 9 10 11 12 13 shori-tfrm other 1 2 3 CORPORATE AND FOREIGN BONDS 6 1.022 953 0 161 0 -92 2.984 2.813 0 192 0 -21 4.805 4.300 0 425 0 80 3.276 2.903 0 382 0 -9 2.255 1.624 0 380 0 251 3.860 3.295 0 288 0 277 4.968 4.684 0 257 0 27 4,645 3.356 0 1.401 0 -112 3.750 3.479 0 321 0 -50 NET ISSUES CORPORATE BUSINESS COMMERCIAL BANKS FINANCE COMPANIES REITS REST OF THE WORLD 7 8 9 10 1.022 -929 13 186 2.984 -785 -45 354 4.805 -62 -279 402 3.276 -396 171 210 2.255 -787 154 -18 3.860 33 -27 176 4.968 -13 -130 309 4.645 -114 20 242 3.750 -294 -176 125 net purchases 11 12 13 14 15 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 4.622 3.103 1.065 309 145 4.495 2.755 1.099 516 125 3.860 1.957 1.260 589 54 16 17 -76 -274 1 51 12 -48 203 95 -92 -10 82 6 144 36 -13 15 229 6 1 2 3 4 5 HOUSEHOLDS commercial BANKING MUTUAL SAVINGS BANKS 1 2 3 4 5 6 7 8 9 10 insurance life insurance companies private PENSION FUNOS 11 12 13 S.+ L.GOVT. RTR. FUNDS 14 OTHER INSURANCE COMPANIES 15 FINANCE N.E.C. REST OF THE WORLD 16 17 CORPORATE EQUITIES 1 2 3 4 5 6 7 8 1.393 282 1.111 1.003 55 53 0 0 1.380 209 1.171 1.098 11 77 0 -15 1.204 96 1.108 1.011 45 37 0 15 1.616 327 1.289 1.276 11 20 0 -18 1.728 239 1.489 1.347 72 46 0 24 2.406 297 2.109 1.842 144 47 0 76 3.032 531 2.501 2.266 139 36 0 60 2.288 *08 1.880 1.729 114 88 0 -51 2.581 522 2.059 1.469 228 106 0 256 net issues 9 10 11 12 13 14 15 16 17 1.393 1.119 14 0 285 267 60 1 -43 1.380 1.116 -34 1 281 150 95 2 34 1.204 987 11 0 229 44 95 3 87 1.616 759 0 1 488 226 124 7 131 1.728 735 24 1 980 317 519 9 135 2.406 1.559 46 2 459 55 253 12 139 3.032 1.583 109 5 838 164 478 15 181 2.288 935 95 3 847 93 545 19 190 2.581 699 140 14 1.166 270 709 24 163 net purchases 18 19 20 21 39 143 -104 -64 167 157 10 -151 121 118 3 -144 389 204 185 -21 -15 125 -140 3 220 179 41 120 496 *33 63 1 353 364 -11 55 427 297 130 135 OPEN-END INVESTMENT COS. OTHER SECTORS corporate BUSINESS commercial banks OTHER INSURANCE COS, REITS REST OF THE WORLD HOUSEHOLDS MUTUAL SAVINGS BANKS COMMERCIAL BANKING INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS S. * L. GOVT., RTR. FUNDS OTHER INSURANCE COMPANIES FINANCE N.E.C. OPEN-END INVESTMENT COS. BROKERS AND DEALERS REST OF THE WORLD 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 TOTAL MORTGAGES 1 6.223 7.158 7.281 6.480 10.139 9.463 9.118 9.900 12.373 2 3 4 5 6 7 8 9 10 11 100 0 0 6.123 3.775 180 2.168 137 571 1.460 80 0 0 7.078 4.301 254 2.523 167 757 1.599 42 0 0 7.239 5.030 400 1.809 224 512 1.073 44 0 0 6.436 4.066 484 1.886 291 720 875 46 0 0 10.093 7.392 535 2.166 492 804 870 47 0 0 9.416 7.124 556 1.736 580 401 755 132 0 0 8.986 6.442 495 2.049 585 572 892 50 0 0 9.850 7.652 512 1.686 501 334 851 239 0 0 12.134 8,628 653 2.853 509 738 1.606 12 13 14 15 16 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 17 18 19 20 21 22 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 23 24 25 26 27 28 29 549 519 22 3 5 99 0 1.552 1.520 20 4 8 61 0 2.195 2.158 20 10 7 -11 0 2.127 2.073 20 17 17 75 0 3.250 3.196 20 23 11 166 0 3.274 3.212 18 30 14 -98 0 2.007 1.937 29 36 5 242 0 2.177 2.071 43 47 16 26 0 2.765 2.654 46 61 4 221 0 30 96 131 77 -82 383 101 -47 (2) MONEY AMOUNTS ARE IN MlLLIUNS OF DOLLARS. 88 ASSNS. TOTAL MORTGAGE CREDIT BORROWED BYSAVINGS ♦ LOAN ASSNS. U.S. GOVERNMENT REITS PRIVATE NONFIN, SECTORS HOUSEHOLDS NONPROFIT INSTITUTIONS BUSINESS farms NONFARM NONCORPORATE CORPORATE FUNDS ADVANCED BY — 1 2 3 4 5 6 7 8 9 10 11 12 households 13 S. ♦ L. GOVTS.♦ GEN. FUNDS U.S. GOVERNMENT SPONSORED CREDIT AG.(1) (2) 14 15 16 PVT. FINANCIAL INSTITUTIONS COMMERCIAL BANKS SAVINGS INSTITUTIONS SVG. ♦ LOAN ASSNS. (1) MUfUAL SAVINGS BANKS CREDIT UNIONS 17 18 19 20 21 22 INSURANCE 23 LIFE COMPANIES 24 PVT. PENSION FUNDS 25 S. ♦ L. GOVT., RET. FUND 26 OTHER INSURANCE 27 FINANCE COMPANIES 28 29 REITS (1) MEMO: fhlb LOANS to s*l -85 (INCLUOED IN "OTHER LOANS" CATEGORY). INCLUDES MORTGAGE POOLS BACKING GNMA-GUARANTEED PASS-THROUGH SECURITIES. 30 AUGUST* 1973 PRIVATE SECURITIES ANO MORTGAGES /.a PRIVATE SECURITIES ANO MORTGAGES PRIVATE SECURITIES ANO MORTGAGES ANNUAL FLOWS* 1953-64 ANNUAL FLOWS* 1955-64 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 STATE AND LOCAL GOVERNMENT SECURITIES NET CHANGE IN LIABILITIES OF STATE AND LOCAL GOVERNMENTS SHORT-TERM OTHER 1 2 3 5.276 28 5.248 3.591 94 3.497 4.247 175 4.072 5.498 415 5.083 6.280 403 5.877 5.280 284 4.996 5.085 236 4.849 5.358 -ll 5.369 5.723 446 5.277 6.001 761 5.240 1 2 3 HOUSEHOLDS CORPORATE BUSINESS S. ♦ L. GOVT.* GEN. FUNDS 5.276 3.478 248 12 3.591 2.351 123 1 4.247 1.650 138 110 5.498 804 479 147 6.280 3.258 751 -23 5.280 3.513 -307 33 5.085 1.230 -7 16 5.358 -1.009 302 -190 5.723 985 1.090 -239 6.001 2.646 -107 -111 4 5 6 7 COMMERCIAL BANKING MUTUAL SAVINGS BANKS LIFE INSURANCE COS. S. ♦ L. GOVT.* RTR. FUNDS OTHER INSURANCE COS. FINANCE N.E.C. 196 38 165 347 792 0 -57 29 236 387 721 -200 1.014 10 143 429 653 100 2.590 44 314 424 681 15 406 -7 530 288 990 87 607 -49 385 155 845 98 2.782 5 296 -143 973 -67 5.691 -150 135 -459 848 190 3.945 -87 -169 -500 707 -9 3.572 -49 -83 -404 358 179 8 9 10 11 12 13 net change in assets 4 5 6 7 8 9 10 11 12 13 CORPORATE ANO FOREIGN BONDS 1 2 3 4 5 6 7 8 9 10 NET ISSUES CORPORATE BUSINESS COMMERCIAL BANKS FINANCE COMPANIES REITS REST OF THE WORLD 3.994 2.836 0 1.351 0 -193 4.920 3.615 0 995 0 310 7.462 6.317 0 710 0 435 6.768 5.683 0 167 0 918 4.546 2.955 0 1.118 0 473 5.570 3.456 0 1.537 0 577 5.607 4.640 0 530 0 437 5.859 4.550 0 315 0 994 6.570 3.913 233 1.431 0 993 7.104 3.994 540 2.103 0 467 1 2 3 4 5 6 NET PURCHASES HOUSEHOLDS COMMERCIAL BANKING MUTUAL SAVINGS BANKS 3.994 995 -226 -330 4.920 938 -413 73 7.462 1.065 120 587 6.768 1.312 -50 552 4.546 282 -138 -128 5.570 645 -203 154 5.607 141 -183 -149 5.859 -128 -32 -116 6.570 -10 -8 -295 7.104 89 63 -169 7 8 9 10 3.312 1.752 946 577 37 4.261 2.139 1.622 473 27 5.403 2.579 1.862 782 180 5.027 2.524 1.505 854 144 4.351 2.210 1.243 837 61 4.768 1.750 1.614 1.317 87 5.521 2.488 1.183 1.820 30 5.943 2.473 1.219 1.903 348 6.380 2.830 1.459 2.132 -41 6.507 2.284 1.646 2.237 340 11 12 13 14 15 189 54 -6 67 197 90 -127 54 235 -56 127 79 276 1 167 25 446 57 406 208 16 17 11 12 13 14 15 INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS S.* L.GOVT. RTR. FUNDS OTHER INSURANCE COMPANIES 16 17 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 NET ISSUES OPEN-END INVESTMENT COS. OTHER SECTORS CORPORATE BUSINESS COMMERCIAL BANKS OTHER INSURANCE COS. REITS REST OF THE WORLD 2.846 780 2.066 1.841 -51 103 0 173 3.707 1,049 2.658 2.218 267 62 0 111 3.818 1.070 2.748 2.374 273 66 0 35 4.054 1.596 2.458 1.924 54 148 0 332 4.336 1.765 2.571 2.109 132 135 0 195 3.211 1.428 1.783 1.496 122 79 0 86 5.111 2.136 2.975 2.216 178 256 0 325 2.348 1.685 663 449 96 143 0 -25 1.270 1.408 -138 -586 51 286 0 111 3.634 1.994 1.640 1.262 45 123 0 210 1 2 3 4 5 6 7 8 NET PURCHASES 2.846 1.074 84 2 995 65 739 28 163 3.707 1.948 50 5 1.109 -2 941 34 136 3.818 1.466 62 13 1.354 43 1.135 51 125 4.054 1.497 95 7 1.651 78 1.381 58 134 4.336 631 -49 8 2.277 192 1.743 75 267 3.211 -425 16 19 2.648 352 1.946 86 264 5.111 377 65 7 3.135 465 2.258 152 260 2.348 -2.068 149 3 3.076 433 2.198 197 248 1.270 -2.899 115 3 2.781 246 2.170 209 156 3.634 -215 101 18 3.134 546 2.212 273 103 9 10 11 12 13 14 15 16 17 564 409 155 127 339 539 -200 256 776 691 85 147 858 1.141 -283 -54 1.118 1.038 80 351 750 780 -30 203 1.204 1.268 -64 323 1.079 941 138 109 1.045 769 276 225 888 842 46 -292 18 19 20 21 households MUTUAL SAVINGS BANKS COMMERCIAL RANKING INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNOS S. ♦ L. GOVT.* RTR. FUNDS OTHER INSURANCE COMPANIES FINANCE N.E.C. OPEN-END INVESTMENT COS. BROKERS AND DEALERS REST OF THE WORLD 18 19 20 21 TOTaL MORTGAGES 16.220 14.561 12.067 15.248 19.051 16.027 19.383 22.392 25.648 25.858 1 123 0 0 16.097 12.197 629 3.271 775 684 1.812 -25 0 0 14.586 11.201 703 2.682 814 250 1.618 -31 96 0 12.002 8.757 784 2.461 562 290 1.609 305 436 0 14.507 8.845 818 4,844 T12 1.217 2.915 132 315 0 18.604 12.560 814 5.230 992 1.219 3.019 -107 405 0 15.729 10.781 867 4.081 737 818 2.526 364 222 0 18.797 10.915 900 6.982 1.079 1.951 3.952 449 260 0 21.683 12.709 951 8.023 1.276 2.219 4.528 529 62 0 25.057 14.750 977 9.330 1.629 2,831 4.870 -289 30 0 26.117 15.985 1.041 9.091 2.120 3.380 3.591 2 3 4 5 6 7 8 9 10 11 12 funds advanced byhouseholds 13 S. ♦ L. GOVTS., GEN. FUNDS 14 15 u.s. government SPONSORED CREDIT AG.(1, (2) 16 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 1.057 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 12 13 14 15 16 PVT. FINANCIAL INSTITUTIONS COMMERCIAL BANKS 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 17 18 19 20 21 22 3.630 3.469 83 69 9 527 0 3,758 3.544 128 77 9 -104 0 2,526 2.247 134 145 0 -325 0 2.180 1.826 159 196 -1 457 0 2.624 2.135 247 256 -14 247 0 3.347 2.574 312 458 3 -36 0 3.143 2.432 259 446 6 635 0 3.340 2.699 316 346 -21 451 0 4.343 3.642 344 370 -13 833 0 5.591 4.608 526 458 -1 390 0 23 24 25 26 27 28 29 (1) MEMOS FHLB LOANS TO S*L -189 550 ASSNS. (INCLUDED IN "OTHER LOANS'* CATEGORY). 37 33 836 -153 681 817 1.305 541 30 1 TOTAL MORTGAGE CREDIT BORROWED BYSAVINGS ♦ LOAN ASSNS. u.s. government REITS PRIVATE NONFIN. SECTORS HOUSEHOLDS NONPROFIT INSTITUTIONS BUSINESS FARMS NONFARM NONCORPORATE 2 3 4 5 6 7 8 9 10 11 corporate 17 18 19 20 21 22 savings institutions SVG. ♦ LOAN ASSNS, (1) MUTUAL SAVINGS BANKS CREDIT UNIONS INSURANCE LIFE COMPANIES PVT. PENSION FUNDS S, ♦ L. GOVT., RET. FUND OTHER INSURANCE FINANCE COMPANIES REITS 23 24 25 26 27 28 29 30 (2) INCLUDES MORTGAGE POOLS BACKING GNMA-GUARANTEED PASS-THROUGH SECURITIES. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST. 1973 PRIVATt SECURITIES ANO MORTGAGES private securities AND mortgages 49 PRIVATE SECURITIES ANO MORTGAGES ANNUAL FLOWS. 1965-72 1965 ANNUAL FLOWS. 1966 1967 1970 1969 1968 1971 1972 1973 1965--72 1974 STATE ANO local GOVERNMENT SECURITIES NET CHANGE IN LIABILITIES OF STATE ANO LOCAL GOVERNMENTS 1 2 3 7.345 616 6.727 5.647 661 4.986 7.769 1.823 5.946 9.516 143 9.373 9.927 2.766 7.161 11.327 2.343 8.984 16.626 2.434 14.192 11.930 -996 12.926 4 5 6 7 7.345 1.749 920 -56 5.647 3.599 -961 -42 7.769 -2.195 -339 0 9.516 -761 482 46 9.927 9.614 -982 65 11.327 -544 -625 32 16.626 -874 1.000 -206 11.930 1.296 1.000 -155 net change in assets 8 9 10 11 12 13 5.217 -71 -278 -275 379 -240 2.329 -69 -376 -144 1.299 12 9.121 -32 -138 -75 1.386 41 8,551 -25 213 -24 992 42 203 6 15 -51 1.244 -187 10.668 4 85 -299 1 .452 554 12.607 193 57 -174 3.910 113 6.318 483 -22 -178 3,304 -116 commercial BANKING short-term other HOUSEHOLDS CORPORATE BUSINESS S. * L. GOVT.. GEN. FUNDS MUTUAL SAVINGS BANKS LIFE INSURANCE COS. S. ♦ L« GOVT.. RTR. FUNDS OTHER INSURANCE COS. FINANCE N.E.C. 2 3 4 5 6 7 8 9 10 11 12 13 CORPORATE ANU FOREIGN BONOS 1 2 3 4 5 6 8.559 5.392 817 1.890 0 460 11.823 10.224 104 760 0 735 17.176 14.658 269 1.033 0 1.216 15.046 12.893 258 811 0 1.084 14.783 11.975 118 1.567 95 1.026 23.699 19.756 20 2.544 505 874 24.668 18.807 717 3.788 416 940 20.079 12.187 1.051 5.441 374 1.026 NET ISSUES CORPORATE BUSINESS commercial BANKS FINANCE COMPANIES REITS REST OF THE WORLD 7 8 9 10 8.559 980 -94 -127 11.823 2.101 69 287 17.176 4.587 804 2.075 15.046 4.726 304 1.312 14.783 7.382 -55 332 23.699 10.068 802 1.309 24.668 8.172 1.275 4.316 20.079 4.852 1.711 2.826 net purchases 11 12 13 14 15 7.234 2. 787 1.497 2.305 645 8.271 2.352 2.528 2.820 571 9.422 3.844 1.124 3. 749 705 8.252 3.868 645 2.568 1.171 6.055 1.511 613 3.122 809 10.040 1.471 2.053 4.211 2.305 9.888 5.466 -653 4.790 285 10.347 7.194 -1.588 4.804 -63 16 17 713 -147 475 620 416 -128 265 187 533 536 809 671 745 272 299 44 1 2 3 4 5 6 MUTUAL SAVINGS BANKS 7 8 9 10 INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS S.+ L.GOVT. RTR. FUNDS OTHER INSURANCE COMPANIES 11 12 13 14 15 FINANCE N.E.C. REST OF THE WORLD 16 17 HOUSEHOLDS commercial banking CORPORATE EQUITIES 3.481 3.221 260 -61 -62 85 0 298 4.593 3.677 916 1.099 -11 81 0 -253 5.274 2.957 2.317 2.194 -37 110 0 50 5.053 5.798 -745 -1.509 -57 247 419 155 9.526 4.787 4.739 2.944 -31 549 810 467 9.498 2.629 6.869 4,836 127 393 1.445 68 14.660 1.181 13.479 11.701 214 599 938 27 11.973 -633 12.606 10.396 524 600 1.498 -412 net issues 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 3.481 -2.193 167 57 4.271 708 3.124 352 87 4.593 -1.097 41 63 4.823 268 3.676 488 391 5.274 -4.514 219 64 6.584 1.017 4.562 670 335 5.053 -7.851 251 66 8.147 1.357 4.718 1.317 755 9.526 -4.258 238 49 9.854 1.705 5,382 1.788 979 9.498 -2.587 333 94 9.671 1.984 4.566 2.137 984 14.660 -5.411 475 -17 18.211 3.640 8.915 3.185 2.471 11.973 -5.857 617 129 16.495 3.500 7.065 2.973 2.957 net purchases 18 19 20 21 1.579 1.271 306 -400 1.068 953 115 -305 2.223 1.851 372 698 2.343 2.527 -184 2.097 2.078 1.722 356 1.565 1.290 1.180 110 697 566 445 121 836 -1.679 -1.821 142 2.268 1 OPEN-tND INVESTMENT COS. OTHER SECTORS CORPORATE BUSINESS commercial BANKS other INSURANCE COS. RfITS REST OF THE WORLD 1 2 3 4 5 6 7 8 HOUSEHOLDS MUTUAL SAVINGS BANKS COMMERCIAL BANKING INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS S. ♦ L. GOVT.. RTR. FUNOS OTHER INSURANCE COMPANIES 9 10 11 12 13 14 15 16 17 FINANCE N.E.C. OPEN-END INVESTMENT COS. BROKERS AND DEALERS REST OF THE WORLO 18 19 20 21 TOTAL MORTGAGES 1 25.626 21.305 22.970 27.425 27.837 26.393 48.867 68.833 total mortgage credit 2 3 4 5 6 7 8 9 10 11 -41 19 0 25.648 15.234 1.175 9.239 2.233 '3.149 3.857 -928 -62 0 22.295 12.650 1.257 8.388 1.782 2.366 4.240 987 -63 0 22.046 10.371 1.194 10.461 2.276 3.708 4.497 192 -66 200 27.099 14.625 1.135 11.339 2.242 3.445 5.652 6 -81 230 27.682 16.072 1.276 10.334 1.942 3.771 4.621 623 -75 116 25.729 12.483 1.360 11.886 1.775 4.896 5.215 1.994 -72 134 46.811 24.138 1.217 21.456 2.011 8.002 11.443 1.153 -86 480 67.286 38.423 1.421 27.442 2.580 9.236 15.626 BORROWED BY— SAVINGS ♦ LOAN ASSNS. U.S. GOVERNMENT REITS PRIVATE NONFIN. SECTORS HOUSEHOLDS NONPROFIT INSTITUTIONS BUSINESS FARMS NONFARM NONCORPORATE CORPORATE 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 25.626 -766 -20 -119 1.086 21.305 1.318 -35 838 2.553 22.970 942 42 88l 1.777 27,425 1.547 58 1.124 2.162 27.837 1.123 -51 707 4.471 26.393 138 -25 345 5.834 48.867 58 16 37 6,328 68.833 -2.029 10 -243 6.676 FUNOS AOVANCEO BY — HOUSEHOLDS S. ♦ L. GOVTS.. GEN. FUNOS U.S. GOVERNMENT SPONSORED CREOIT AG.(1) (2) 12 13 14 15 16 17 18 19 20 21 22 25.445 5.699 13.067 8.973 4.061 33 16.631 4.705 6.536 3.763 2.720 S3 19.328 4.639 10.708 7.520 3.153 35 22.534 6.677 12.176 9.350 2.787 39 21.587 5.404 12.195 9.489 2.682 24 20.101 2.462 12.086 10.172 1.845 69 42.428 9.940 28.131 24.054 4.030 47 64.419 16.799 37.633 32.002 5.578 53 PVT. FINANCIAL INSTITUTIONS COMMERCIAL BANKS SAVINGS INSTITUTIONS SVG. ♦ LOAN ASSNS. (1 , mutual savings BANKS CREDIT ONIONS 17 18 19 20 21 22 23 24 25 26 27 28 29 6.137 4.861 578 676 22 542 0 5.954 4.596 587 770 1 -564 0 3.585 2.907 172 487 19 396 0 2.810 2.459 -16 359 8 641 230 2.830 2.052 149 622 7 281 877 3.300 2.348 82 825 45 141 2.112 760 1.121 -615 276 -22 1.053 2.544 1.011 1.823 -683 -131 2 4.132 4,844 30 672 938 -2.549 873 4.030 1.326 -2.679 43 MONEY AMOUNTS ARF. IN insurance 23 24 LIFE COMPANIES PVT. ptNSION FUNOS 25 S. ♦ L. GOVT.. RET. FUND 26 other insurance 27 FINANCE COMPANIES 28 29 REITS ASSNS. (2) MILLIONS OF DOLLARS, 1 (1) MEMO: FHLB LOANS TO S*L (INCLUDED IN "OTHER LOANS" CATEGORY). INCLUDES MORTGAGE pools backing gnma-guaranteed pass-through securities. 30 AUGUST* 1973 MORTGAGES. BY TYPE 50 MORTGAGES. BY TYPE mortgage markets by type of mortgage ANNUAL FLOWS, 1946-5* ANNUAL FLOWS. 194A-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 0 100 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 6 9 10 11 NET CHANGE IN ASSETS HOUSEHOLDS STATE AND LOCAL GOVERNMENTS U.S. GOVERNMENT SPONS. CREOIT AGENCIES (1, 4.443 757 25 -228 0 5.165 506 50 -41 0 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 12 13 14 15 16 COMMERCIAL BANKING SAVINGS INSTITUTIONS SAVINGS AND LOAN ASSNS. MUTUAL SAVINGS BANKS CREDIT UNIONS 1.701 1.828 1.684 139 5 1.727 1.890 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 21 INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS FINANCE COMPANIES REITS 261 239 22 99 0 972 952 20 61 0 1.466 1.446 20 -11 0 1.170 1.150 20 75 0 2.405 2.385 20 166 0 2.150 2.132 18 -98 0 1.176 1.1*7 29 242 0 1.481 1.438 43 26 0 2.004 1.958 46 221 0 17 18 19 20 21 1 2 3 4 5 6 MULTI -family residential MORTGAGES 1 NET BORROWING NONFARM NONCORP. BUSINESS 2 CORPORATE BUSINESS 3 4 REITS 348 175 173 0 517 259 258 0 875 438 437 0 1.167 584 583 0 1.472 737 735 0 1.341 671 670 0 839 423 416 0 640 323 317 0 544 275 269 0 1 2 3 4 5 NET CHANGE IN ASSETS HOUSEHOLDS 6 7 U.S. government SPONS. CREDIT AGENCIES (1) 8 9 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 5 6 7 8 9 10 11 12 SAVINGS INSTITUTIONS SAVINGS ANO 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 10 11 12 13 14 15 LIFE INSURANCE COS. S. ♦ L. GOVT., PENS. FUNOS REITS 70 3 0 103 4 0 273 10 0 450 17 0 319 23 0 416 30 0 257 36 0 75 47 0 41 61 0 13 14 15 commercial MORTGAGES 1 NET BORROWING HOUSEHOLDS 2 NONFARM NONCORP. BUSINESS 3 4 CORPORATE BUSINESS REITS 5 1.295 180 112 1.003 0 1.309 254 106 949 0 1.102 400 70 632 0 680 484 20 176 0 621 535 9 77 0 999 556 44 399 0 904 495 41 368 0 1.165 512 65 588 0 1.745 653 109 983 0 1 2 3 4 5 6 NET CHANGE IN ASSETS HOUSEHOLDS 7 8 u.s. government COMMERCIAL BANKS 9 1.295 497 -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 -11 420 6 7 8 9 10 11 12 SAVINGS INSTITUTIONS SAVINGS AND LOAN ASSNS. MUTUAL SAVINGS BANKS 77 47 30 110 46 64 172 48 124 103 19 84 89 24 65 213 103 110 1B5 15 170 231 119 112 261 77 184 10 11 12 13 14 15 LIFE INSURANCE COMPANIES OTHER INSURANCE COMPANIES REITS 191 5 0 365 8 0 344 7 0 325 17 0 303 11 0 464 14 0 355 5 0 377 16 0 493 4 0 13 14 15 FARM MORTGAGES 1 NET BORROWING BY FARMS NET CHANGE IN ASSETS— HOUSEHOLDS U.S. government FEDERAL LAND BANKS COMMERCIAL BANKS MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES 2 3 4 5 6 7 (1, 137 167 224 291 492 580 585 501 509 1 122 -no -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 -1 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 INCLUDES MORTGAGE POOLS BACKING GNMA-GUARANTEED SECURITIES. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST* 1973 MORTGAGES* BY TYPE MORTGAGES. BY TYPE 51 MORTGAGE MARKETS BY TYPE OF MORTGAGE ANNUAL FLOWS* 1955-64 1955 1955-64 ANNUAL FLOWS. 1956 1957 1958 1959 1960 1961 1962 1963 1964 HOMt MORTGAGES 1 2 3 4 5 6 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 -16H -168 30 -289 NET CHANGE IN LIABILITIES HOUSEHOLDS NONFARM NONCORP. BUSINESS CORPORATE BUSINESS u.s. government SAVINGS ANO LOAN ASSNS. 7 8 9 10 11 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 84 270 925 669 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 NEI CHANGE IN ASSEtS 8 HOUSEHOLDS 9 STATE AND LOCAL GOVERNMENTS 10 u.s. government SPONS. CREDIT AGENCIES (1) 11 12 13 14 15 16 1.775 7.121 4.997 2,098 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 17 18 19 20 21 2.591 2.508 83 527 0 2.597 2.469 128 -104 0 1.445 1.311 134 -325 0 1.092 933 159 457 0 1.456 1.209 247 247 0 1.608 1.296 312 -36 0 1.021 762 259 635 0 1.072 756 316 451 0 1.278 934 344 833 0 1.720 1.194 526 390 0 commercial banking SAVINGS INSTITUTIONS SAVINGS ANO LOAN ASSNS. MUTUAL SAVINGS BANKS CREDIT UNIONS INSURANCE life insurance companies private PENSION FUNDS FINANCE COMPANIES REITS 1 2 3 4 5 6 12 13 14 15 16 17 18 19 20 21 multi-family RESIDENTIAL MORTGAGES 1.681 910 771 0 2.614 1.540 1.074 0 2.836 1.800 1.036 0 3.243 2.240 1.003 0 4.523 3.270 1.253 0 net burrowing NONFARm NONCORP. BUSINESS 0 1.820 913 907 0 1.518 253 134 0 201 1.820 263 301 0 157 1.681 33 120 2 0 2.614 382 «3 0 67 2.836 -195 31 10 166 3.243 -325 -84 0 213 4.523 -292 -14 -1 147 NET CHANGE IN ASSETS HOUSEHOLDS U.S. GOVERNMENT SPONS. CREDIT AGENCIES COMMERCIAL BANKS 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 savings institutions -64 145 0 -4 196 0 119 256 0 199 458 0 385 446 0 475 346 0 618 370 0 1 .893 458 0 life insurance cos. 1 2 3 4 825 416 409 0 574 290 284 0 451 228 223 0 1.518 762 5 6 7 8 9 825 137 115 0 -39 574 57 43 0 -54 451 5 43 0 3 10 11 12 395 136 259 388 143 245 13 14 15 148 69 0 63 77 0 756 CORPORATE BUSINESS REITS (1) SAVINGS AND LOAN ASSNS. MUTUAL SAVINGS BANKS S. ♦ L. GOVT., PENS. FUNDS REITS 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 commercial mortgages 1 2 3 4 5 2.048 629 142 1.277 0 2.421 703 172 1.546 0 2.438 784 165 1.489 0 2,948 818 213 1.917 0 3.072 814 226 2.032 0 3.176 867 231 2.078 0 3.983 900 308 2.775 0 4.792 951 384 3.457 0 5.071 977 409 3.685 0 3.825 1.041 278 2.506 0 NET BORROWING HOUSEHOLDS NONFARM NONCORP. BUSINESS CORPORATE BUSINESS REITS 1 2 3 4 5 6 7 8 9 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 -1 674 4.792 323 0 1.502 5.071 -14 0 1.639 3.825 -574 0 1.794 NET CHANGE IN ASSETS HOUSEHOLDS U.S. GOVERNMENT COMMERCIAL BANKS 6 7 8 9 10 11 12 259 168 91 327 174 153 272 154 118 556 383 173 663 449 214 671 547 124 1.064 886 178 1.615 1.280 335 1.761 1.395 366 1.597 1.035 562 SAVINGS INSTITUTIONS SAVINGS AND LOAN ASSNS, MUTUAL SAVINGS BANKS 10 11 12 13 14 15 588 9 0 804 9 0 897 0 0 814 -1 0 647 -14 0 924 3 0 962 6 0 1.373 -21 0 1.698 -13 0 1.009 -1 0 LIFE INSURANCE COMPANIES OTHER INSURANCE COMPANIES REITS 13 14 15 FARM MORTGAGES 1 775 814 562 712 992 737 1.079 1,276 1.629 2.120 2 3 4 5 6 7 219 -25 216 138 2 225 312 10 244 39 1 208 205 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 (1) MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS, NET BORROWING BY FARMS NET CHANGE IN ASSETS — HOUSEHOLDS U.S. GOVERNMENT FEOERAL LAND BANKS COMMERCIAL BANKS MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES INCLUDES MORTGAGE POOLS BACKING GNMA-GUARANTEEO SECURITIES. 1 2 3 4 5 6 7 AUGUST* 1973 MORTGAGES* BY TYPE 52 MORTGAGES* BY TYPE MORTGAGE MARKETS BY TYPE OF MORTGAGE ANNUAL FLOWS. 1965-72 ANNUAL FLOWS* 1965-72 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 HOME MORTGAGES NET CHANGE IN LIABILITIES HOUSEHOLDS NONFARM noncorp, business CORPORATE BUSINESS U.S. GOVERNMENT SAVINGS AND LOAN ASSNS. 15,360 15.234 74 74 19 -41 10.708 12.650 -476 -476 -62 -928 12.415 10.371 560 560 -63 987 15.181 14.625 215 215 -66 192 15.581 16.072 -208 -208 -81 6 13.353 12.483 161 161 -75 623 27.970 24.138 955 955 -72 1.994 40,724 38.423 617 617 -86 1.153 1 2 3 4 5 6 7 8 9 10 11 NET CHANGE IN ASSETS HOUSEHOLDS STATE AND LOCAL GOVERNMENTS U.S. GOVERNMENT SPONS. CREDIT AGENCIES (1) 15.360 -136 -20 -129 524 10.708 675 -35 603 1.876 12.415 89 42 728 1.127 15.181 541 58 832 1.638 15.581 78 -51 94 3.868 13.353 17 -25 -140 5.071 27.970 -596 16 -318 4.778 40.724 -2.214 10 -606 4.303 7 8 9 10 11 12 13 14 15 16 COMMERCIAL BANKING SAVINGS INSTITUTIONS SAVINGS AND 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 19.285 17.939 1.299 47 8.984 27.760 24,698 3.009 53 12 13 14 15 16 17 18 19 20 21 INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS FINANCE COMPANIES REITS 1.642 1.064 578 542 0 1.231 644 587 -564 0 -298 -470 172 396 0 -749 -733 -16 641 35 -917 -1.066 149 281 148 -1.206 -1.288 82 141 477 -2.687 -2.072 -615 1.053 748 -2.821 -2.138 -683 4.132 1.176 17 18 19 20 21 1 2 3 4 5 6 MULTI -family residential mortgages 1 NET BORROWING NONFARM NONCORP. BUSINESS 2 CORPORATE BUSINESS 3 4 REITS 3.618 2.751 867 0 3,124 2.399 725 0 3.603 2.800 803 0 3.436 2.700 670 66 4.815 3.572 1.167 76 5.862 4,338 1.486 38 8.817 6.171 2.602 44 10.426 7.283 2.985 158 1 2 3 4 5 NET CHANGE IN ASSETS 6 HOUSEHOLDS 7 U.S. government 8 SPONS. CREDIT AGENCIES (1) 9 COMMERCIAL BANKS 3.618 -901 -1 -1 273 3.124 -518 297 0 87 3.603 -299 209 -1 294 3.436 -302 334 7 301 4.815 -457 655 15 549 5.862 -833 504 290 94 8,817 428 376 820 673 10.426 -52 348 1.183 1.794 5 6 7 8 9 10 11 12 SAVINGS INSTITUTIONS SAVINGS AND LOAN ASSNS. MUTUAL SAVINGS BANKS 1.997 1.058 939 1.010 473 537 1.485 880 605 1.625 1.106 519 1.748 1.210 538 2.420 2.065 355 4.790 2.998 1.792 4.915 3.811 1.104 10 11 12 13 14 15 LIFE INSURANCE COS. S. ♦ L. GOVT.* PENS. FUNDS REITS 1.575 676 0 1.478 770 0 1.428 487 0 1.037 359 75 1.365 622 318 1.942 825 620 712 276 742 469 -131 1.900 13 14 15 COMMERCIAL MORTGAGES 1 NET BORROWING 2 HOUSEHOLDS NONFARM NONCORP. BUSINESS 3 CORPORATE BUSINESS 4 5 REITS 4.415 1.175 324 2.916 0 5.691 1.257 443 3.991 0 4.676 1.194 348 3.134 0 6.566 1.135 530 4.767 134 5.499 1.276 407 3.662 154 5.403 1.360 397 3,568 78 10.069 1.217 876 7.886 90 15.103 1.421 1.336 12.024 322 1 2 3 4 5 6 NET CHANGE IN ASSETS 7 HOUSEHOLDS 8 U.S. GOVERNMENT 9 COMMERCIAL BANKS 4.415 -596 -1 1.972 5.691 657 -17 1.989 4.676 177 -6 1.565 6,566 86 0 2.574 5.499 337 -2 1.608 5.403 -153 -1 1.171 10.069 -634 -5 3.022 15.103 -461 -11 5.445 6 7 8 9 10 11 12 SAVINGS INSTITUTIONS SAVINGS AND 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 3.117 1.008 4.946 3.493 1.453 10 11 12 13 14 15 LIFE INSURANCE COMPANIES OTHER INSURANCE COMPANIES REITS 1.703 22 0 2.057 1 0 1.620 19 0 1.921 R 120 1.783 7 411 1.818 45 1.015 2,529 -22 1.054 3.414 2 1.768 13 14 15 FARM MORTGAGES l net borrowing by farms NET CHANGE IN ASSETS— HOUSEHOLDS U.S. GOVERNMENT FEOERAL LAND BANKS COMMERCIAL BANKS MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES 2 3 4 5 6 7 (1) 2.233 1.782 2,276 2.242 1.942 1.775 2.011 2.580 1 867 12 563 273 -1 519 504 -45 677 227 2 417 975 -50 651 308 63 329 1.222 -42 517 312 -1 234 1.165 -40 588 261 -2 -30 1.107 -18 473 332 5 -124 860 -16 730 554 -69 -48 698 26 1.190 576 12 78 2 3 4 5 6 7 INCLUOES MORTGAGE POOLS BACKING GNMA-GUARANTEED SECURITIES. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS AUGUST* 1973 CONSUMER CREOIT AnO CONSUMER CREDIT AND BANK LOANS N.Ei.C. BANK LOANS N.E.C 53 CONSUMER CREDIT ANO BANK LOANS NOT ELSEWHERE CLASSIFIED ANNUAL FLOWS. 19*6>-5* ANNUAL FLOWS* 19*6-5* 19*5 19*6 19*7 19*8 19*9 1950 1951 1952 1953 195* consumer credit 1 2.719 3.21* 2.8*9 2.917 *.107 1.2*1 *.801 3.873 1.071 2 3 1.710 1.009 2.523 691 2.301 5*8 2.59* 323 3.113 99* 591 650 *.109 692 3.602 271 563 508 * 5 6 7 8 9 10 2.719 1.710 *6 205 822 53 58* 3.21* 2.523 107 396 1.058 97 865 2.8*9 2.301 125 311 90* 11* 8*7 2.917 2.59* 118 339 910 128 1.099 *.107 3.113 128 *37 1.359 179 1.010 1.2*1 591 19 253 -27 59 287 *.801 *.109 15* *98 1.753 2*9 l.*55 3.873 3.602 99 121 l.*7* 3*1 1.567 1.071 563 -*5 121 -202 250 *39 11 12 13 1* 15 1.009 288 355 333 33 691 223 2*5 195 28 5*8 239 232 58 19 323 138 103 73 9 99* 360 3*5 2*2 *7 650 278 251 108 13 692 2*2 263 160 27 271 79 125 55 12 508 137 1*9 197 25 6.066 6.2*8 1.9*1 3.178 NET CHANGE IN LIABILITIES (HOUSEHOLDS) INSTALMENT CREOIT NONINSTALMENT CREOIT 1 2 3 * NET CHANGE IN ASSETS INSTALMENT CREDIT 5 6 NON^ARM NONCORP. BUSINESSi 7 CORPORATE BUSINESS COMMERCIAL BANKING 8 SAVINGS INSTITUTIONS 9 10 FINANCF COMPANIES noninstalment credit nonfarm noncorp, businessi corporate business commercial banking savings institutions 11 12 13 1* 15 BANK LOANS NOT LLSEWHtRE classified 1 5.3*7 6.927 3.271 688 10.180 TOTAL BANK LOANS AT COMMERCIAL BANKS. F/F BASIS 1 LESS! LOANS IN OTHER CATEGORIES 2 3 * 5 6 7 8 9 2.*62 1.155 -3.666 1H1 32 5.183 99 5.282 2.210 1.253 -1.105 89 5* *.*26 -96 *.330 l.*50 962 258 -12 52 561 139 700 7*8 983 379 18 *5 -l.*85 -119 -1.60* 2.018 1.601 272 187 61 6.0*1 10 11 12 13 1* 15 16 5.282 5.006 *81 255 553 3.*85 232 *.330 *.0*2 -39 301 357 3.163 260 700 291 273 353 -321 -108 9* 17 18 19 20 21 276 -28 320 0 -16 288 -2 283 0 7 *09 -26 *35 0 0 MONEY AMOUNTS ARfe IN MILLIONS OF DOLLARS. 5.972 1.069 81 -250 339 91 *.736 2 *.738 1.135 1.913 652 251 -25 2.322 29 2.351 983 1.529 500 -111 68 -1.028 -17 -1.0*5 1.72* -5 991 -18 35 *51 117 568 -1.60* -1.977 156 103 -230 -1.835 -171 5.972 5.005 1.053 *75 *28 3.265 -216 *.738 *.975 323 596 2** 3.753 59 2.351 1.675 512 173 189 795 6 -1.0*5 -950 170 -581 69 -502 -106 568 359 **1 150 39 -626 355 373 -15 383 0 5 967 16 9*6 0 5 -237 * -2*1 0 0 676 -6 68* 6 -2 -95 -7 -88 0 0 209 13 193 0 3 -69 mortgages 2 CONSUMER CHEOIT SECURITY CREDIT COMMERCIAL PAPER HYPOTHECATED OEPOSITS 3 * 5 6 7 8 9 equals: bank loans n.e.c. plus: loans by f.r. banks equals: total bank loans n.e.c NET CHANGE IN LIABILITIES NONFINANCIAL SECTORS HOUSEHOLDS FARM BUSINESS NONFARM NONCOHP. BUSINESS CORPORATE BUSINESS REST OF THE WORLD FINANCIAL SECTORS SAVINGS ♦ LOAN ASSNS. FINANCE COMPANIES REITS FOREIGN BANKING AGS. 10 11 12 13 1* 15 16 17 18 19 20 21 AUGUST* 1973 CONSUMER CREOIT ANO BANK LOANS N.E.C. CONSUMER CREDIT AND BANK LOANS N.E.C. CONSUMER CREDIT AND BANK LOANS NOT ELSEWHERE CLASSIFIED 54 ANNUAL FLOWS* 1956-64 ANNUAL FLOWS. 1955-64 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 CONSUMER CREDIT 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 NET CHANGE IN LIABILITIES (HOUSEHOLDS) INSTALMENT CREDIT 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 NET CHANGE IN ASSETS INSTALMENT CREDIT NONFARM NONCORP. BUSINESS CORPORATE BUSINESS 6.366 5.338 -24 414 1.605 368 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 1.997 568 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 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 commercial banking SAVINGS INSTITUTIONS FINANCE COMPANIES noninstalment CREDIT NONFARM NONCORP. BUSINESS CORPORATE BUSINESS COMMERCIAL BANKING SAVINGS INSTITUTIONS BANK LOANS NOT ELSEWHERE CLASSIFIED total bank loans at commercial 13.340 8.491 4,273 4,220 13.611 6.592 7.474 13.063 17.553 19.231 1 2 3 4 5 6 7 8 9 equals: total rank loans n.e.c 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 2.873 239 465 47 7.504 -13 7.491 661 1.747 325 -286 74 4.071 3 4.074 1.635 865 1.083 492 26 3.373 7 3.380 4.035 2.274 960 -62 15 5.841 -14 5.827 4.938 3.533 979 120 54 7.929 31 7.960 4.562 3.816 447 593 119 9.694 -2 9.692 2 3 4 5 6 7 8 9 NET CHANGE IN LIABILITIES 8.002 5.641 251 572 572 3,882 364 5.953 6.449 369 -59 582 5.202 355 2.114 2,099 174 384 74 1.114 353 842 1.541 706 413 160 -264 526 7.491 6.438 1.003 694 422 3.996 323 4.074 3.428 596 196 269 2.246 121 3.380 2.843 892 243 353 725 630 5.827 4.721 514 782 382 2.880 163 7.960 6.278 394 601 657 3.599 1.027 9.692 9.107 1.397 271 473 4.527 2.439 10 11 12 13 14 15 16 2.361 52 2.309 0 0 -496 -25 -476 0 5 15 -6 8 0 13 -699 31 -738 0 8 1.053 106 949 0 -2 646 -35 710 0 -29 537 -22 548 0 11 1.106 -42 1.163 0 -15 1.682 90 1.563 0 29 585 41 495 0 49 17 18 19 20 21 1 BANKS* F/F BASIS LESS) LOANS IN OTHER CATEGORIES MORTGAGES CONSUMER CREDIT SECURITY CREDIT COMMERCIAL PAPER HYPOTHECATED DEPOSITS EQUALS: BANK LOANS N.E.C. PLUS: LOANS BY F.R. BANKS 10 11 12 13 14 15 16 17 18 19 20 21 nonfinancial sectors HOUSEHOLDS farm business nonfarm noncorp, business CORPORATE BUSINESS REST OF THE WORLD FINANCIAL SECTORS SAVINGS ♦ LOAN ASSNS. FINANCE COMPANIES REITS FOREIGN BANKING AGS. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST. 1973 CONSUMER CREDIT AND SANK LOANS N.E.C CONSUMER CREDIT AND BANK LOANS N.E.C, CONSUMER CREDIT AND BANK LOANS NOT ELSEWHERE CLASSIFIED ANNUAL FLOWS. 55 ANNUAL FLOWS. 1965-72 1965-72 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 CONSUMER CHEOIT 1 9.615 6.355 4.545 9,987 10.376 6.017 11.231 19.170 2 3 8.201 1.414 5.351 1.004 3.184 1.361 8.317 1.670 9.360 1.016 4.959 1.058 9.231 2.000 16.037 3.133 4 5 6 7 8 9 10 9.615 8.201 86 -43 3.868 1.126 3.164 6.355 5.351 110 230 2.357 1.025 1.629 4.545 3.184 64 -119 1.833 902 504 9.987 8.317 59 -286 4.784 1.501 2.259 10.376 9.360 112 -9 4.485 2.005 2.767 6.017 4.959 80 81 2.977 1.366 455 11.231 9.231 25 140 5.842 1.933 1.291 19.170 16.037 183 1.002 8.543 2.490 3,819 11 12 13 14 15 1.414 350 271 740 53 1.004 381 317 256 50 1.361 364 391 532 74 1.670 431 276 896 67 1.016 486 334 179 1.058 506 635 -84 1 2.000 661 433 847 59 3.133 890 571 1.541 131 30.541 59.976 If NET CHANGE IN LIABILITIES (HOUSEHOLDS) instalment credit NONINSTALMENT CREDIT 1 2 3 4 NET CHANGE IN ASSETS INSTALMENT CREDIT 5 NONFARM NONCORP. BUSINESS 6 CORPORATE BUSINESS 7 COMMERCIAL BANKING 8 9 SAVINGS INSTITUTIONS FINANCE COMPANIES 10 NONINSTALMENT CREDIT NONFARM NONCORP. BUSINESS CORPORATE BUSINESS COMMERCIAL BANKING SAVINGS INSTITUTIONS 11 12 13 14 15 BANK LOANS NOT tLSEWHtRE CLASSIFIED 1 26.220 18.802 17.999 27.952 27.006 14.612 2 3 4 5 6 7 8 9 5.699 4.608 -158 -438 122 16.387 11 16.398 4.705 2.613 597 1.064 72 9.751 -41 9.710 4.639 2.365 1.460 2.047 0 7.488 0 7.488 6.677 5.680 1.320 -1.382 0 15.657 0 15.657 5.404 4.664 -1.109 481 0 17.566 0 17.566 2.462 2.893 1.441 1.982 0 5.834 0 5.834 9.940 6.689 775 786 0 12.351 0 12.351 16.799 10.084 4.757 -204 0 28.540 0 28.540 10 11 12 13 14 15 16 16.398 14.070 1.449 708 959 10.625 329 9.710 10.745 310 933 1.334 8.556 -388 7.488 9.499 1.614 700 604 6.859 -278 15.657 13.127 2.163 400 1.096 9.694 -226 17.566 15.266 1.474 628 2.116 11.643 -595 5.834 6.355 453 827 -614 5.728 -39 12.351 9.313 361 1.345 205 4.767 2.635 28.540 21.777 2.872 1.814 ,731 13.947 2.413 17 18 19 20 21 2.328 174 2.164 0 -10 -1.035 73 -1.163 0 55 -2.011 -140 -1.843 0 -28 2.530 67 2.328 50 85 2.300 68 1.894 180 156 -521 -104 -1.0b4 567 80 3.038 688 48 661 1.641 6.763 776 3.631 1.512 844 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS TOTAL BANK LOANS AT COMMERCIAL BANKS, F/F BASIS LESS: LOANS IN OTHER CATEGORIES MORTGAGES CONSUMER CREDIT SECURITY CREDIT 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 NONFINANCIAL SECTORS households FARM BUSINESS NONFARM NONCORP. BUSINESS CORPORATE business REST oF THE WORLD FINANCIAL SECTORS SAVINbS ♦ LOAN ASSNS. FINANCE COMPANIES REITS FOREIGN BANKING AGS. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 AUGUST* 1973 OTHER LOANS OTHER LOANS 56 OPEN-MARKET PAPER ANO OTHER LOANS ANNUAL FLOWS* 1946-5* ANNUAL FLOWS. 1945 1947 1946 1950 1949 1948 1951 1952 1946-54 1954 1953 OTHER LOANS — SECTOR TOTALS 1 2 3 4 5 6 7 8 NET INCREASE IN LIABILITIES NONFINANCIAL SECTORS HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUSINESS CORPORATE BUSINESS STATE ANO LOCAL GOVERNMENTS REST OF THE WORLO 3.496 3.257 -38 -29 214 -142 -21 3.273 4.730 4.477 96 9 10 11 12 13 14 FINANCIAL SECTORS SPONSORED CREDIT AGENCIES COMMERCIAL BANKING SAVINGS ♦ LOAN ASSOCIATIONS FINANCE COS. REITS 239 0 96 1*3 0 253 0 0 131 122 0 3.496 4.730 15 16 17 18 NET INCRFASE IN ASSETS HOUSEHOLDS CORPORATE BUSINESS U.S. GOVERNMENT 19 20 21 22 23 SPONSORED CREDIT AGENCIES MONETARY AUTHORITY COMMERCIAL BANKING MUTUAL SAVINGS BANKS INSURANCE 24 finance n.e.c. 25 REST OF THE WORLD 0 0 272 -59 19 4.149 0 0 48 3.177 91 4,381 150 0 213 13 -68 -53 16 298 0 143 5 *3 -237 6 i.no 919 833 244 -2 209 2 -85 465 1.563 1.142 251 91 428 129 67 176 1.993 1.542 285 111 361 313 261 211 1.910 1.603 98 32 177 576 322 398 824 511 290 -20 122 214 -364 269 82 319 260 113 52 356 -335 -127 1 2 3 4 5 6 7 8 256 0 0 77 179 0 86 0 0 -82 168 0 421 0 0 383 38 0 *51 0 0 101 350 0 307 0 0 -47 354 0 313 0 0 88 225 0 -237 0 0 -85 -152 0 9 10 11 12 13 14 2.027 0 126 1.330 919 0 134 819 1.563 20 -66 418 1.993 -20 98 679 1.910 1 139 1.002 824 91 296 181 82 -59 115 -384 15 16 17 18 244 -62 0 63 -6 183 -243 31 490 0 248 6 173 216 58 304 0 430 0 177 234 91 -25 0 226 11 109 431 16 -122 0 -43 9 195 125 92 -45 0 17 16 233 6 183 19 20 21 22 23 24 25 2.027 1.771 184 81 304 22 70 0 40 8 120 no 49 OPFN-MARKET PAPER 1 open-market paper-total 258 191 171 177 205 508 *18 377 277 1 116 116 183 183 0 0 171 171 0 0 8 8 0 0 308 308 0 0 313 313 0 0 220 220 0 0 -211 -211 0 0 2 3 4 5 NET ISSUES. BY TYPE AND SECTOR- 0 98 98 0 0 6 7 8 9 10 DEALER-PLACED PAPER NONFIN, CORPORATIONS FINANCE COMPANIES REITS BANK AFFILIATES 69 42 27 0 0 59 35 24 0 0 -10 -6 -4 0 0 -7 -4 -3 0 0 75 45 30 0 0 104 62 42 0 0 103 62 41 0 0 76 71 5 0 0 188 129 59 0 0 6 7 8 9 10 11 12 13 1* 15 BANKERS’ ACCEPTANCES NONFINANCIAL BUSINESS CORPORATE NONCORPORATE REST OF THE WORLD 73 57 28 29 16 34 -4 -2 -2 38 -2 0 13 27 13 1* -14 122 65 32 33 57 96 38 19 19 58 2 22 11 11 -20 81 41 20 21 *0 300 226 113 113 74 11 12 13 14 15 16 NONBANK CREDIT TO BANKS IN SECURITY RP’S 2 3 4 5 17 18 19 20 21 22 23 24 25 DIRECTLY-PLACED PAPER FINANCE COMPANIES REITS BANK AFFILIATES 0 0 0 -2 0 0 0 0 0 0 0 0 0 16 NET PURCHASES, BY SECTOR HOUSEHOLDS NONFIN, CORPORATIONS FEDERAL RESERVE COMMERCIAL BANKS 258 48 0 181 191 0 91 0 89 MUTUAL SAVINGS BANKS 13 5 LIFE INSURANCE COS. INVESTMENT COMPANIES REST OF THE WORLD 0 0 16 0 0 6 171 0 126 0 -12 a 0 0 49 177 0 134 0 18 -6 0 0 31 205 20 -66 0 187 6 0 0 58 508 -20 98 0 339 0 0 0 91 *18 1 139 0 251 11 0 0 16 377 91 296 0 -111 9 0 0 92 277 -59 115 0 -18 16 40 0 183 17 18 19 20 21 22 23 24 25 0 OTHER TYPFS I 2 3 FINANCE CO, LOANS TO BUSINESS 4 U.s. 5 6 7 8 9 10 11 liability-noncorp, business corp, business GOVERNMENT LOANS LIABILITIES OF! HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUS. CORPORATE BUSINESS STATE ♦ LOCAL GOVTS. SPONS. CREDIT AGENCIES REST OF THE WORLD -53 5 -58 -237 -113 -124 no 68 42 -243 -109 -134 216 142 74 234 20 214 431 -51 482 125 -1 126 6 -255 261 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 1* 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 12 13 14 15 SPONSORED CREDIT AGENCY LOANS FARM BUSINESS (FICB) NONFARM NONCORP. BUS.(BC) S. ♦ L. ASSOCIATIONS (FHLB) 150 44 10 96 298 108 59 131 244 121 46 77 -62 13 7 -82 490 75 3? 383 304 156 47 101 -25 18 4 -47 -122 -252 42 88 -45 50 -10 -85 12 13 14 15 16 17 18 POLICY LOANS (HSHOLO LIAB.) ASSETS U.S. GOVT. LIFE INSUR. COS. -70 -2 -68 42 -1 *3 132 12 120 199 16 183 190 17 173 194 17 177 123 14 109 214 19 195 215 22 193 16 17 18 32 54 52 45 61 91 -25 68 35 19 19 HYPOTHECATED DEPOSITS (HSHOLOS LIAB.) ASSET-COMMERCIAL BANKS MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS' AUGUST* 1973 OTHER LOANS other loans 57 open-market paper and other loans ANNUAL FLOWS, ANNUAL FLOWS, l95«i-64 1956 1955 1960 1959 1958 1957 1961 1962 1963 1964 1955'i-64 OTHER LOANS — SECTOR TOTALS 1 2 3 4 5 6 7 8 1,667 803 292 94 475 -76 12 6 1.455 1.216 337 104 9 10 11 12 13 14 664 725 536 185 -57 5.557 4.971 893 98 502 2.215 205 1.058 3.682 3.070 751 271 -5 7 38 226 1.089 4,932 2.920 781 240 617 87 504 691 6.512 4.276 717 320 1.047 334 233 1.625 8.656 5.871 866 212 1.436 1.082 261 2.014 -123 -21 0 33 -135 0 1.613 79 0 836 698 0 586 -102 0 -153 841 O bl2 67 0 681 -136 0 2.012 -15 0 817 1.210 0 2.236 -89 0 1.305 1.020 0 2.785 131 618 541 1.495 0 2.765 14 100 336 1.781 -11 -254 1.092 3.911 5 -207 514 5.557 28 1.637 806 3.682 -23 498 1.228 4,932 35 714 1.921 6.512 3 851 1.923 8.656 -42 2.278 2.891 219 -3 320 1 496 999 283 313 -17 568 47 187 -33 -111 1.182 26 512 52 459 1,454 -86 -15 -1 -212 48 792 1.940 534 878 -23 518 28 400 109 69 1.045 59 -47 100 655 423 27 1.669 52 174 -59 460 1.389 50 807 -68 712 59 356 1.480 183 2.171 845 1.281 1.030 2.765 1.781 1.904 486 239 135 308 180 556 3.911 2.298 6b3 225 68 198 2.765 2.556 523 111 594 632 151 5<*b 0 550 248 0 239 295 0 -189 133 0 209 -280 0 37 452 0 15 16 17 18 1.667 -15 111 503 1.455 -13 155 667 19 20 21 22 23 24 25 587 28 -251 14 267 568 -145 -49 41 119 5 200 98 232 284 66 246 OPEN-MARKET -152 1 474 836 -12 net INCREASE in liabilities NONFINANCIAL SECTORS HOUSEHOLDS FARM BUSINESS NONFARM noncorp, business corporate business state and local governmentsi REST OF THE WORLO 1 2 3 4 5 6 7 6 9 10 11 SAVINGS ♦ LOAN ASSOCIATIONSi 12 finance cos. 13 14 REITS FINANCIAL SECTURS sponsored credit agencies commercial banking NET INCREASE IN ASSETS HOUSEHOLDS CORPORATE BUSINESS U.S. GOVERNMENT SPONSORED CREDIT AGENCIES MONETARY AUTHORITY COMMERCIAL RANKING MUTUAL SAVINGS BANKS insurance FINANCE N.E.C. REST OF THE WORLD 15 16 17 18 19 20 21 22 23 24 25 PAPER 312 open-market paper-total 1 NET ISSUES, BY TYPE AND SECTOR — 2 3 4 5 327 327 0 0 153 153 0 0 446 446 0 0 -221 -221 0 0 614 614 0 0 614 614 0 0 -164 -164 0 0 937 937 0 0 950 950 0 0 1.357 1.357 0 0 6 7 8 9 10 -248 -169 -79 0 0 -4 16 -20 0 0 50 44 6 0 0 322 236 86 0 0 -259 -343 84 0 0 681 454 227 0 0 353 325 28 0 0 377 104 273 0 0 -160 -230 70 0 0 11 12 13 14 15 -231 -270 -135 -135 39 325 158 79 79 167 340 129 64 65 211 -113 -37 -18 -19 -76 -43 11 5 6 -54 87b 241 120 121 635 656 61 30 31 595 -33 3 1 2 -36 0 0 0 0 0 0 0 17 18 19 20 21 22 23 24 25 -152 -15 111 28 -269 14 60 64 -145 474 -13 155 41 51 5 -11 14 232 836 14 100 -3 277 1 129 35 283 -12 -11 -254 -17 543 47 -127 -82 -111 312 5 -207 26 465 52 25 32 -86 2.171 28 1.637 -1 -286 48 179 32 534 1 2 3 504 254 250 84 -48 132 964 499 465 49 -30 79 1,422 575 847 4 473 642 301 1.052 5 6 11 37 6b 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 12 13 14 15 587 28 9 550 -49 54 86 -189 219 185 -3 37 16 17 18 237 30 207 236 25 211 19 18 68 16 * directly-placed paper finance companies REITS HANK affiliates 2 3 4 5 295 157 138 0 0 dealer-placed paper 6 240 -233 -lib -117 473 495 88 44 44 407 BANKERS’ ACCEPTANCES NONFINANCIAL BUSINESS 0 0 618 845 -23 498 -23 492 28 -102 -94 69 1.281 35 714 59 -62 100 155 253 27 1.030 3 851 52 120 -59 39 -2b 50 2.765 -42 2.278 -68 593 59 -128 -110 183 1.908 344 1.564 203 -114 317 170 401 -231 1.415 783 632 1.590 908 682 FINANCE CO. LOANS TO BUSINESS LIABILITY-NONCORP. BUSINESS CORP. BUSINESS 1 2 3 474 766 1.171 1.878 1.884 2.852 U.S. GOVERNMENT LOANS LIABILITIES OF: 4 142 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 1.607 313 224 56 33 1.182 234 112 836 -15 111 27 -153 878 149 48 681 1.045 190 38 817 1.669 259 105 1.305 807 148 118 541 SPONSORED CREDIT AGENCY LOANS FARM BUSINESS (FICB) NONFARM NONCORP. BUS.(BC) 5. ♦ 1. ASSOCIATIONS (FHLB, 12 13 14 15 402 35 367 354 40 314 474 40 434 653 40 613 559 57 502 543 43 500 460 39 421 523 39 484 POLICY LOANS (HSHOLD LIAB.) ASSETS U.S. GOVT. LIFE INSUR. COS. 16 17 18 43 25 47 74 2o 15 54 NUNFlN, CORPORATIONS FINANCE COMPANIES REITS BANK AFFILIATES corporate NONCORPORATE REST OF THE WORLD NONBANK CREDIT TO BANKS IN SECURITY PR’S NET PURCHASES, BY SECTOR households NGNFIN. CORPORATIONS FEDERAL RESERVE COMMERCIAL BANKS MUTUAL SAVINGS BANKS LIFE INSURANCE COS. INVESTMENT COMPANIES RpST OF THE WORLO 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 OTHER TYPES 7 8 9 10 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. HOUSfHOLDS FARM BUSINESS NUNFaRM noncorp. BUS. CORPORATE BUSINESS STATE ♦ LOCAL GOVTS. SPONS. CREDIT AGENCIES REST OF THE WORLD HYPOTHECATED DEPOSITS (HSHOLDS LIAB.) ASSET-COMMERCIAL BANKS 119 5 6 7 8 9 10 11 19 AUGUST* 1973 OTHER LOANS OTHER LOANS 58 OPEN-MARKET PAPER ANO OTHER LOANS ANNUAL FLOWS. ANNUAL FLOWS* 1965-72 1965-72 1965 1966 1967 1968 1969 1972 1971 197P 1973 1974 OTHER LOANS — SECTOR TOTALS 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 NONFARM NONCORP, BUSINESS CORPORATE BUSINESS STATE AND LOCAL GOVERNMENTS REST OF THE WORLD 8.455 5.324 938 349 1.639 631 313 1.454 11.288 7.259 2.044 395 1.717 1.257 627 1.219 6.509 7.247 1.320 646 644 1.433 175 3.029 13.551 8.844 1.715 190 1.019 3.556 310 2.054 29.823 15.351 2.985 606 1.470 7.120 746 2.4?4 6.049 9.692 2.601 647 990 3.243 77 2.134 4.904 5.74? 1.373 74? 489 650 365 2.123 10.383 5.438 1.330 463 415 2.480 345 405 1 2 3 4 5 6 7 8 FINANCIAL SECTORS SPONSORED CREDIT AGENCIES COMMERCIAL BANKING SAVINGS ♦ LOAN ASSOCIATIONS FINANCE COS. REITS 3.131 205 1.068 672 1.186 0 4.029 -233 -196 938 3.520 0 -738 -67 -150 -2.549 2.028 0 4.707 247 1.009 873 2.578 0 14.472 -283 5.818 4,030 4.907 0 -3.643 0 -5.142 1.326 173 0 -838 0 685 -2.679 376 780 4.945 0 2.397 43 45 2.460 9 10 11 12 13 14 8.455 -9 1.538 2.858 11.288 2.748 -421 2.762 6.509 -2.125 4.028 3.758 13.551 729 5.067 3.678 29.823 4.759 5.402 3.469 6.049 -1.517 -2.890 2.585 4.904 -3.880 3.247 3.189 10.383 432 3.306 2.551 15 16 17 18 1.038 93 -316 -2 591 2.302 362 1.580 6 1.136 102 1.523 1.622 230 -1.845 -29 2.047 -5 1.034 -389 35 1.187 -’06 -1.38? 73 1.216 2.510 579 4.806 6 481 316 3.427 6.163 994 2.3P3 -7 1.982 3?6 3.016 -256 487 -2.001 204 786 455 1.629 1,434 -159 755 -155 -204 -112 1.370 2.502 -62 19 20 21 22 23 24 25 NET INCREASE IN LIABILITIES NONFINANCIAL SFCTORS HOUSEHOLDS farm business NET INCREASE IN ASSETS HOUSEHOLDS corporate business U.S. GOVERNMENT SPONSORED CREDIT AGENCIES MONETARY AUTHORITY COMMERCIAL BANKING MUTUAL SAVINGS BANKS INSURANCE finance n.e.c. REST OF THE WORLD OPFN-MARKET' paper 1 OPEN-MARKET paper-total 1.933 4.360 4.004 5.208 14.059 -1.204 947 3.337 1 1.178 1.178 0 0 3.159 3.159 0 0 1.628 1.628 0 0 1.788 1.788 0 0 6.811 3.818 0 2.993 -383 670 0 -1.053 308 470 300 -462 1.841 412 1.200 229 2 3 4 5 -320 -328 8 0 0 1.186 825 361 0 0 1.812 1.412 400 0 0 2.300 1.510 790 0 0 4.616 2.311 1.089 0 1.216 854 2.158 -497 0 -807 -1 .253 -1 .725 -94 480 86 754 -574 -367 1.260 435 6 7 8 9 10 7 74 37 37 -67 211 262 131 131 -51 714 241 120 121 473 111 270 135 135 -159 1.023 708 354 354 315 1.607 808 404 404 799 831 529 264 265 302 -991 75 37 38 -1.066 11 12 13 14 15 NET ISSUES. BY TYPE AND SECTOR — 2 3 4 5 DIRECTLY-PLACED PAPER FINANCE COMPANIES REITS BANK AFFILIATES 6 7 8 9 10 DEALER-PLACED PAPER NONFIN. CORPORATIONS FINANCE COMPANIES REITS BANK AFFILIATES 11 12 13 14 15 BANKERS’ ACCEPTANCES NONFINANCIAL BUSINESS CORPORATE NONCORPORATE REST OF THE WORLD 16 NONBANK CREDIT TO BANKS IN SECURITY RP’S 1.068 -196 -150 1.009 1.609 -3.282 1 .061 1.733 16 17 18 19 20 21 22 23 24 25 NET PURCHASES* BY SECTOR HOUSEHOLDS NONFIN. CORPORATIONS FEDERAL RESERVE COMMERCIAL BANKS MUTUAL SAVINGS BANKS LIFE INSURANCE COS. INVESTMENT COMPANIES REST OF THE WORLD 1.933 -9 1.538 93 -438 -2 52 337 362 4.360 2.748 -421 6 1.064 102 83 548 230 4,004 -2.125 4.028 -29 2.047 -5 93 -40 35 5.208 729 5.067 -106 -1.382 73 -29 277 579 14.059 4.759 5.402 6 481 316 907 1.194 994 -1.204 -1,517 -2.890 -7 1.982 326 777 -362 487 947 -3 .880 3 .247 204 786 455 628 -334 -159 3.337 432 3.306 -155 -204 -112 437 -305 -62 17 18 19 20 21 22 23 24 25 OTHER TYPES 1 2 3 FINANCE CO. LOANS TO BUSINESS LIABILITY-NONCORP. BUSINESS CORP. BUSINESS 1.965 1.337 628 1.074 1.139 -65 -349 -59 -290 2.233 486 1.747 4,969 631 4.338 106 -282 388 1 ,768 -117 1 .885 2.807 31 2.776 1 2 3 4 U.S. GOVERNMENT LOANS LIABILITIES OF! HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUS. CORPORATE BUSINESS STATE ♦ LOCAL GOVTS. SPONS. CRFDIT AGENCIES REST OF THE WORLD 2.816 2.712 3.708 3.635 3.384 2.516 3 .177 2.539 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 -67 2.556 427 -53 327 164 310 247 2.213 360 -15 330 117 746 -283 2.109 293 -52 570 293 77 0 1.335 360 47 358 226 365 0 1 .821 385 36 61 241 345 0 1.471 5 6 7 8 9 10 11 12 13 14 15 SPONSORED CREDIT AGENCY LOANS FARM BUSINESS' (FICB) NONFARM NONCORP. BUS.(BC) S. ♦ L. ASSOCIATIONS (FHLB) 1.038 269 97 672 1.580 407 235 938 -1.845 488 216 -2.549 1.187 243 71 873 4.806 621 155 4.030 2.323 699 298 1.326 -2 .001 695 -17 -2 .679 755 427 285 43 12 13 14 15 16 17 18 POLICY LOANS (HSHOLD LIAB.) ASSETS U.S. GOVT. LIFF 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 1 .013 12 1 .001 945 12 933 16 17 18 122 72 0 0 0 0 0 0 19 19 HYPOTHECATED DEPOSITS (HSHOLDS LIAB.]1 ASSET-COMMERCIAL BANKS MONEY AMOUNTS ARE IN MILLIONS OF OOLLARS. AUGUST. 1973 SECURITY CREDIT. TRADE CREDIT. AND TAXES SECURITY CREDIT. TRADE CREDIT. AND TAXES 59 SECURITY CREDIT. TRADE CREDIT. AND TAXES PAYABLE ANNUAL FLOWS. ANNUAL FLOWS. 19*6-54 1945 194b 1947 1948 1949 1950 1951 1952 1953 1946-54 1954 SECURITY CREDIT 1 2 3 -4.280 -2.666 -4 -1.153 -364 -5 199 -284 -3 794 272 2 1.078 700 6 -402 -126 3 552 176 1 852 463 0 2.134 1.099 30 4 5 7 -1.610 -1.654 0 44 -784 -694 0 -90 486 514 0 -28 520 419 50 51 372 39 50 283 -279 -248 50 -81 375 506 50 -181 389 301 100 -12 1.005 568 100 337 8 9 -4.280 39 -1.153 -73 199 -6 794 48 1.078 269 -402 -78 55? -179 852 -6 2.134 312 10 11 12 -3.666 -658 5 -1.105 42 -17 258 -31 -22 379 364 3 272 523 14 -250 -71 -3 652 81 -2 500 364 -6 991 806 25 1 2 3 4 4.16? 65 57 195 3.489 87 230 314 3.652 82 339 694 5 41 194 16 9.786 IOC 283 -122 2.871 0 436 -67 2.012 238 145 -427 -239 62 -217 306 4.231 88 101 1.683 5 6 7 8 5.756 146 -2.013 -39 3.291 151 -666 82 2.366 149 0 22 -343 100 0 -5 8.335 100 1.100 -10 860 0 1.600 42 1.854 100 75 27 -296 100 -175 -19 2.374 150 -234 69 9 10 11 12 13 2.038 2.725 -800 117 -4 5.126 5.132 -100 100 -6 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 14 2.129 -1.637 1.323 808 -937 -1.664 -2.055 623 520 6 NET CHAN&E IN LIABILITIES HOUSEHOLDS REST OF WORLD BROKERS ♦ DEALERS FROM COMMERCIAL BANKS FROM FOREIGN BANKING AG. CUSTOMER CREDIT BALANCES NET CHANGE IN ASSETS HOUSEHOLD^ COMMERCIAL BANKING BROKERS AND DEALERS foreign 1 2 3 4 5 6 7 8 9 10 11 12 TRADE CREDIT NET CHANGE IN LIABILITIES HOUSEHOLDS FARM BUSINESS NONFAHM NONCORP. BUSINESS (PAYABLES LESS RECEIVABLES, CORPORATE BUSINESS STATE ANO LOCAL GOVERNMENTS U.S. GOVERNMENT FOREIGN net change in assets corporate BUSINESS 1 2 3 4 5 6 7 8 U.S. GOVERNMENT INSURANCE FOREIGN 9 10 11 12 13 (1-9) 14 DISCREPANCY PKUFIT TAXES PAYABLE 1 2 3 4 5 6 7 8 9 -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 -1 -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 -1 178 11 16 90 34 10 1.082 599 14 174 2 82 137 73 1 -3.583 -3.283 -31 -26 -3 -4H -109 -84 1 TOTAL TAXES PAYABLE NONFINANCIAL CORPORATIONS FEDERAL RESERVE COMMERCIAL BANKS S. ♦ L. associations LIFE INSURANCE COMPANIES OTHER INSURANCE COMPANIES FINANCE COMPANIES BROKERS ♦ DEALERS 1 2 3 4 5 6 7 8 9 10 11 12 -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 total taxes receivable u. s. government siate ♦ LOCAL governments 10 11 12 13 -613 -155 37 -42 253 -89 772 558 -577 unallocated 13 PROPRIETORS’ 1 2 3 MONEY AMOUNTS ARfc equity in noncorporate business 3.417 2.330 2.410 393 4.786 2.976 467 220 3.204 1.251 2.506 1.202 315 982 412 744 -1.263 246 TOTAL HOUSEHOLD INVESTMENT FARM BUSINESS 1 2 1.087 2.017 1.810 247 1.953 1.304 -667 -332 -1.509 NONFARM NONCORPORATE BUSINESS 3 IN MILLIONS OF DOLLARS, AUGUST* 1973 SECURITY CREDIT* TRADE CREDIT* ANO TAXES 60 SECURITY CREDIT. TRADE CREOIT. AND TAXES SECURITY CREDIT, TRADE CREDIT* AND TAXES PAYABLE ANNUAL FLOWS. 1955-64 ANNUAL FLOWS, 1955-64 1955 1956 1957 1959 1958 1960 1961 1963 1962 1964 SECURITY CREDIT 1 2 3 4 5 6 7 8 9 10 11 12 981 685 0 -637 -43 -6 -279 -408 0 1.735 1.157 17 63 14 10 354 -138 -3 2.249 1.338 37 798 -126 -36 2.753 1.957 23 166 -205 -17 1 2 3 296 334 100 -138 -588 -673 100 -15 129 11 100 18 561 231 41 289 39 186 32 -179 495 266 76 153 874 772 10 92 960 1.113 -150 -3 773 151 379 243 388 221 -37 204 4 5 6 7 981 -121 -637 -17 -279 12 1.735 262 63 -167 354 148 2.249 55 798 34 2.753 246 166 197 8 9 683 436 -17 -656 34 2 40 -337 6 481 965 27 239 3 -12 325 -124 5 1.083 1.074 37 960 -159 -37 979 1.531 -3 447 -485 7 10 11 12 10.495 83 181 1.372 4.749 143 66 -297 2.952 123 235 586 3.949 154 440 -559 6.015 297 423 184 4,819 13 159 498 6.568 148 266 404 5.411 154 573 -50 7.633 165 617 -320 7.956 268 339 -399 1 2 3 4 8.738 150 -83 54 4.270 100 325 142 1.559 200 161 88 3.673 200 63 -22 4.857 100 71 83 3.064 79 242 764 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 -1 183 164 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 13 896 -1.171 1.443 -1.582 -354 677 -1.336 485 810 -695 14 NET CHANGE IN LIABILITIES HOUSEHOLDS REST OF WORLO BROKERS ♦ DEALERS FROM COMMERCIAL BANKS FROM FOREIGN BANKING AG. CUSTOMER CREDIT BALANCES NET CHANGE IN ASSETS HOUSEHOLDS COMMERCIAL BANKING BROKERS AND DEALERS FOREIGN TRADE CREDIT 1 2 3 4 5 6 7 8 NET CHANGE IN LIABILITIES HOUSEHOLDS FARM BUSINESS nonfarm noncorp, business (payables less receivables) CORPORATE BUSINESS STATE AND LOCAL GOVERNMENTS U.S. GOVERNMENT FOREIGN 9 10 11 12 13 NET CHANGE IN ASSETS CORPORATE BUSINESS U.S. GOVERNMENT INSURANCE FOREIGN 14 DISCREPANCY (1-9, PROFIT TAXES PAYABLE 1 2 3 4 5 6 7 8 9 TOTAL TAXES PAYABLE NONFINANCIAL CORPORATIONS FEDERAL RESERVE COMMERCIAL BANKS S. ♦ L. ASSOCIATIONS LIFE INSURANCE COMPANIES OTHER INSURANCE COMPANIES FINANCE COMPANIES BROKERS ♦ DEALERS 3.740 4.097 17 -376 1 39 -81 39 4 -1.756 -1.983 35 306 -1 40 -147 2 -8 -2.005 -2.131 -57 81 0 2 83 10 7 -2.545 -2.593 -15 -23 -2 84 65 -69 8 2.431 2.439 303 -460 1 86 -21 66 17 -1.499 -2.202 -274 999 0 -16 -6 2 -2 390 1.383 -18 -891 -1 -34 -34 -30 15 1.500 946 -1 495 1 54 8 32 -35 1.177 1.567 9 -451 83 -6 -22 -32 29 1.248 531 538 213 8 103 -58 -88 1 1 2 3 4 5 6 7 8 9 10 11 12 TOTAL TAXES RECEIVABLE U. S. GOVERNMENT STATE ♦ LOCAL GOVERNMENTS 2.475 2.285 190 -2.145 -2.136 -9 -2.349 -2.260 -89 -2.443 -2.383 -60 2.556 2.431 125 -1.431 -1.435 4 767 722 45 930 837 93 2.029 1.847 182 1.319 1.098 221 10 11 12 13 UNALLOCATED 1.265 389 344 -102 -125 -68 -377 570 -852 -71 13 PROPRIETORS’ EQUITY IN NONCORPORATE BUSINESS 1 2 TOTAL HOUSEHOLD INVESTMENT FARM BUSINESS -1.798 -767 -674 -1.353 -1.080 -765 531 -210 -4.647 -2.795 -3.255 -1.626 -2.864 -1.540 -2.066 -2.066 -2.134 -1.816 -3.150 -2.413 1 2 3 NONFARM NONCORPORATE BUSINESS -1.031 679 -315 741 -1.852 -1.629 -1.324 0 -318 -737 3 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS' AUGUST* 1973 SECURITY CREDIT* TRADE CREDIT* AND TAXES SECURITY CREDIT. TRADE CREDIT. AND TAXES SECURITY CREDIT. TRADE CREDIT. AND TAXES PAYABLE ANNUAL FLOWS. 61 1965-72 1965 ANNUAL FLOWS. 1966 1967 1968 1969 1970 1971 1972 1973 1965-72 1974 SECURITY CREDIT 1 2 3 1.124 736 28 775 -73 9 7.023 3.684 170 6.582 2.918 210 -6.656 -3.400 -230 -799 -1.780 1 3.776 2.609 33 8,854 4.672 84 4 5 6 7 360 -283 -263 906 839 563 62 214 3.169 820 0 2.349 3.454 1.033 0 2.421 -3,026 -1.006 0 -2.020 980 1.932 0 -952 1.134 652 0 482 4.098 3.838 87 173 8 9 1.124 864 775 197 7.023 2.213 6.582 2.096 -6.656 -1.818 -799 -867 3.776 520 8.854 118 10 11 12 -158 376 42 597 -36 17 1.460 3.214 136 1.320 2.841 325 -1.109 -3.527 -202 1.441 -1.288 -85 775 2.519 -38 4.757 3,924 55 1 2 3 4 13.1/2 229 693 -715 11.^8/ 279 866 -1.217 11.050 407 816 688 18.869 489 263 -106 20.042 489 691 -1.115 6.526 527 967 -948 4.564 491 1.211 -1.142 15.738 485 1.000 -252 5 6 7 8 12.142 372 507 -56 10.566 491 669 333 7.437 618 569 515 17.215 610 -1 399 18.970 514 -328 821 5.184 415 -582 963 3.586 569 -677 526 13.475 597 -118 551 9 10 11 12 13 14.676 13.987 388 165 136 13.957 12.000 1.249 249 459 10.455 8.342 1.468 278 367 20.446 18.650 575 300 921 24.846 22.729 919 422 776 8.205 7.121 -777 472 1.389 4.300 5.629 -1.704 291 84 20.036 19.749 -819 289 817 NET CHANGE IN ASSETS CORPORATE BUSINESS u.s. government INSURANCE 14 -1.504 -1.970 595 -1.577 -4.804 -1.679 264 -4.298 DISCREPANCY NET CHANGE IN LIABILITIES HOUSEHOLDS REST OF WORLD BROKERS ♦ DEALERS FROM COMMERCIAL BANKS FROM FOREIGN BANKING AG. CUSTOMER CREDIT BALANCES NET CHANGE IN ASSETS households COMMERCIAL BANKING BROKERS AND DEALERS FOREIGN 1 2 3 4 5 6 7 8 9 10 11 12 TRADE CREDIT NET CHANGE IN LIABILITIES HOUSEHOLDS FARM BUSINESS nonfarm noncorp. BUSINESS (PAYABLES LESS RECEIVABLES) CORPORATE BUSINESS STATE and local GOVERNMENTS U.S. GOVERNMENT FOREIGN foreign (1-9) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 PROFIT taxes PAYABLE 1 2 3 4 5 6 7 8 9 1.687 2.162 -502 -132 3 -20 56 87 33 159 205 -1 -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 -3.125 -3.706 20 340 16 112 65 28 0 1.804 1.991 -33 -27 59 -70 -115 9 -10 694 611 -21 -200 123 15 120 21 25 10 11 12 1.308 1.160 148 -505 -722 217 -4.133 -4.387 254 2.363 1.699 664 -3.194 -2.554 -640 -3.207 -2.349 -858 1.629 1.333 296 989 500 489 13 379 664 -770 658 103 82 1 75 -295 PROPRIETORS’ TOTAL TAXES PAYABLE NONFINANCIAL CORPORATIONS FEDERAL RESERVE commercial banks S. ♦ L. associations LIFE INSURANCE COMPANIES OTHER INSURANCE COMPANIES FINANCE COMPANIES BROKERS ♦ DEALERS total taxes receivable u. s. government STATE ♦ LOCAL GOVERNMENTS UNALLOCATED 1 2 3 4 5 6 7 8 9 10 11 12 13 tQUITY IN NONCORPORATE BUSINESS 1 2 -1.942 -2.338 -3.180 -3.273 -3.774 -2.452 -2.217 -2.399 -2.752 -3.219 -3.628 -2.963 -3.415 -2.807 -5.581 -4.031 TOTAL HOUSEHOLD INVESTMENT FARM BUSINESS 1 2 3 396 93 -1.322 182 467 -665 -608 -1.550 NONFARm 3 MONEY AMOUNTS ARE. IN MILLIONS OF DOLLARS, NONCORPORATE BUSINESS AUGUST. 1973 MISCELLANEOUS I MISCELLANEOUS I 62 MISCELLANEOUS FINANCIAL CLAIMS ANNUAL FLOWS. 1946-54 ANNUAL FLOWS. 1946-54 1945 1 2 3 4 TOTAL LIABILITIES HOUSEHOLDS CORPORATE BUSINESS U.S. government 5 6 7 8 TOTAL FINANCE SPONSORED CREDIT AGENCIES MONETARY AUTHORITIES 9 10 11 12 13 14 SAVINGS ♦ LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE COS. NONLIFE INSURANCE COMPANI PEITS REST OF THE WORLO 15 16 17 18 19 20 commercial banking TOTAL ASSETS HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUSINESS CORPORATE BUSINESS U.S. GOVERNMENT 1947 1946 1948 1949 1950 1951 1952 1953 1954 867 65 -4 -35 5.089 81 10 -256 .456 51 34 -286 2.666 69 56 -460 3.341 103 80 -257 1.950 79 90 -42 3,223 76 132 -343 2.432 92 158 -240 3.336 87 124 -210 1 2 3 4 774 -216 -56 13 1 .748 41 183 320 ..045 30 -25 101 2.060 89 267 643 2.225 47 368 840 1.287 166 -452 395 2.297 75 78 445 1.802 214 35 113 2.339 393 19 593 5 6 7 8 3 14 300 716 0 67 -25 10 395 824 0 3.506 -75 9 266 739 0 612 7 15 388 651 0 941 132 43 276 519 0 1.190 -111 16 391 882 0 536 55 10 630 1.004 0 1.061 46 39 530 825 0 620 44 58 663 569 0 996 9 10 11 12 13 14 1 .432 803 57 140 523 -298 4.900 538 84 162 1.012 86 ,.838 395 90 133 916 -85 1.755 370 76 100 851 149 2.109 335 33 90 703 -3 2.997 584 59 151 672 -53 2.767 727 87 204 954 -14 2.728 606 77 190 894 -11 2.791 337 73 195 791 172 15 16 17 18 19 20 21 22 23 TOTAL FINANCE SPONSORED CREDIT AGENCIES COMMERCIAL BANKING -2 23 52 181 -7 180 421 -31 549 231 28 73 605 -26 280 539 -1 81 687 23 132 638 124 124 1.169 83 481 21 22 23 24 25 26 27 28 29 30 SAVINGS ♦ LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS S. ♦ L. GOVT.. RTR. FUNDS REITS REST OF THE WORLD 5 -10 76 -148 0 0 209 13 50 70 -125 0 0 2.837 79 -192 141 -125 0 0 -32 166 -8 92 -120 0 0 -22 59 13 249 30 0 0 346 175 64 190 30 0 0 1.045 272 22 166 72 0 0 122 259 5 145 -19 0 0 334 354 47 196 8 0 0 54 24 25 26 27 28 29 30 -565 189 -382 911 1.232 -1.047 456 -296 545 31 31 unallocated, net (A) DEPOSITS 32 33 34 COML. BANK LIAB. TO FGN. AFFILIATES ASSET-REST OF THE WORLD LIAB- COMMERCIAL BANKS FOREIGN 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 32 33 34 35 36 37 38 39 FOREIGN CURRENCY EXCEPT OFFICIAL — LIABILITY-REST OF THE WORLD ASSET- CORPORATE BUSINESS U.S. government COMMERCIAL BANKS FGN. BANKING AG. -175 35 -238 29 -1 183 -17 113 86 1 •137 -41 -88 -7 -1 173 0 173 -1 1 171 47 37 85 2 -140 34 3 -180 3 -6 -16 -14 23 1 21 39 -11 -10 3 214 44 108 60 2 35 36 37 38 39 40 POSTAL SAVINGS DEPOSITS(U.S.GOVT. LIAB.) ASSET - HOUSEHOLDS 365 144 -81 -140 -267 -222 -157 -191 -226 40 230 749 721 660 621 508 852 735 667 41 -4 10 34 56 80 90 132 158 124 42 0 0 0 0 0 0 0 0 0 43 (B) EQUITIES 42 DIRECT FGN. INVESTMENT BY U.S.CORP. LIAB.-REST OF THE WORLD OIRECT INVESTMENT IN U.S. ASSET-REST OF THE WORLD 43 U.S. GOVT. EQUITY IN IBPD. ETC. LIABILITY-REST OF THE WORLD 44 DEPOSITS AT FHLB (S. ♦ L. ASSNS. ASSET) LIABILITY-SPONSORED CR.AGS. 45 46 EQUITIES IN U.S.G.CR.AGENCIES U.S. GOVERNMENT 41 24 28 35 134 -43 37 159 138 244 44 -87 -60 -30 -27 21 3 -5 -24 7 -40 43 -56 49 0 60 0 140 64 45 46 -40 1 0 12 -24 4 0 17 -1 3 0 16 2 1 0 16 2 1 0 44 3 2 0 94 4 1 0 44 6 1 0 53 5 1 0 70 47 48 49 50 private 47 48 49 50 FARM BUS. (FICB ♦ FLB) NONFARM NONCORP. (BC) CORPORATE BUSINESS (FNMA) S. ♦ L. ASSNS. (FHLB) MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS, AUGUST* 1973 MISCELLANEOUS I MISCELLANEOUS I MISCELLANEOUS FINANCIAL CLAIMS 63 198A-6* ANNUAL FLOWS, ANNUAL FLOWS, 1955 1956 1957 1958 1959 I960 1961 1962 1963 196* 1 2 3 * 3.316 1*1 197 -*06 5.751 187 232 186 5.2*8 17* 155 -339 *.680 126 98 -1*9 *.010 218 238 -60* 5.*2* 192 1*1 *2 7.39* 133 73 -160 3.4*7 155 132 -105 6,959 186 -5 -289 6.215 186 -5 -3*0 5 6 7 8 2.223 -62 5* 777 2.556 22* -233 1.033 2.179 222 -72 230 3.025 23* 221 919 2.*57 -1* -119 958 2.670 565 1*6 -89 *.829 391 -110 2.*59 1.0*0 113 20 -916 *.3*8 -5* -*1 2.326 3.998 111 320 1.19* 9 10 11 12 13 14 37 *9 64* 72* 0 1,161 60 59 664 7*9 0 2.590 86 57 639 1.017 0 3.079 88 100 607 856 0 1.580 161 86 2*1 1.1** 0 1.701 92 72 963 921 0 2.379 169 103 993 82* 0 2.519 82 *7 990 70* 0 2.225 186 115 7*2 1.07* 0 2.719 226 *6 825 1 .276 0 2.376 15 16 17 16 19 20 2.782 *67 108 150 96* 3*3 5.7*8 320 79 130 2.330 595 5.659 308 67 173 3.026 692 *.036 276 66 123 1.751 329 *.137 50* 98 187 1.938 13 6.*2* *76 6* 139 2.289 693 5.881 529 85 166 2.157 *26 *.621 *75 3* 128 2.089 399 6.288 529 160 216 2.11* *5* 7.837 880 192 25* 2.750 * 21 22 23 239 -73 -102 1.428 -51 650 1.27* 100 556 961 -6 27* *99 3* -175 2.222 52 1.086 2.155 30 768 1.789 31 6*8 1.83* -76 7*0 2.990 -18 1.53* 24 25 26 27 26 29 30 37 10 19* 173 0 0 511 258 2* 318 229 0 0 866 228 57 251 82 0 0 119 36* 63 212 3* 0 0 530 171 -*8 370 1*7 0 0 898 50* 59 315 206 0 0 5*1 8*0 76 3*8 93 0 0 363 588 55 276 191 0 0 -293 5*2 186 352 90 0 0 981 773 79 3*2 280 0 0 767 31 53* 3 -*11 6** -127 -1,000 1.513 -1.17* 671 -1.622 TOTAL LIABILITIES HOUSEHOLDS CORPORATE BUSINESS U.S. GOVERNMENT total finance SPONSORED CREDIT AGENCIES MONtTARY AUTHORITIES COMMERCIAL BANKING 96 4* 52 363 61 302 -195 -283 88 190 -39 229 *5 233 -188 912 *23 *89 2b7 85 182 -109 -182 73 372 1*9 223 35 36 37 38 39 289 -29 3*3 -2* -1 5*0 9 563 -38 6 653 -7 62* 15 21 373 18 339 *1 -25 -13 -17 12 -6 -2 565 3 528 30 * *63 88 261 110 * 1*3 -125 283 -12 -3 337 -209 **7 98 1 40 -255 -2** -327 -193 -189 -187 -12* -119 -93 9 10 11 NONLIFE INSURANCE COMPANI 12 REITS 13 REST OF THE WORLO 1* TOTAL ASSETS HOUSEHOLDS FARM nUSTNESS NONFARM NONCORP. BUSINESS CORPORATE BUSINESS u.s. government 15 16 17 18 19 20 TOTAL FINANCE 21 SPONSORED CREDIT AGENCIES 22 commercial banking 23 SAVINGS ♦ LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS S. ♦ L. GOVT,. RTR. FUNDS REITS REST OF THE WORLD UNALLOCATED* NET 2* 25 26 27 28 29 30 31 DEPOSITS COML. BANK LIAB. TO FGN. AFFILIATES 560 ASSET-REST OF THE WORLD 118 LIAB- COMMERCIAL BANKS FOREIGN BANKING AG. **2 32 33 3* FOREIGN CURRENCY EXCEPT OFFICIAL — 125 LIABILITY-REST OF THE WORLD 103 ASSETCORPORATE BUSINESS u.s. government 19 COMMERCIAL BANKS 1 fgn. banking ag. 2 35 36 37 38 39 POSTAL SAVINGS DEPOSITS(U.S.GOVT. LIAB.) -72 ASSET - HOUSEHOLDS 40 EQUITIES DIRECT FGN, INVESTMENT BY U.S.CORP, 2,327 LIAB.-REST OF THE WORLD DIRECT INVESTMENT IN U.S. -5 ASSET-REST OF THE WORLD 41 823 1.951 2.442 1.181 1.372 1.67* 1.599 1.65* 1.976 42 197 232 155 98 238 1*1 73 132 -5 43 0 35 0 0 0 15* 171 122 62 44 -104 -15 -30 166 -230 3*9 2*2 33 -62 45 46 92 0 112 -3 181 68 96 -10 135 1 176 11 1*5 -6 *9 -6 18 -55 28 -65 47 48 49 50 11 1 2 78 13 0 11 91 11 5 19 78 10 6 6 84 16 8 13 97 13 8 21 123 16 9 8 118 1* 12 10 19 15 13 0 *5 23 13 1 56 5 6 7 8 liff insurance cos. (H) MONEY AMOUNTS ARF IN MILLIONS OF DOLLARS, 1 2 3 * SAVINGS ♦ LOAN ASSNS. MUTUAL SAVINGS BANKS (A) 32 33 34 1955-6* 50 *1 *2 U.S. GOVT. EQUITY IN IBRD, ETC. LIABILITY-REST OF THE WORLD 43 DEPOSITS AT FHLB (S. ♦ L. ASSNS. ASSET) *8 liability-sponsored cr.ags. 44 EQUITIES IN U.S.G.CR.AGENCIES u.s. government PRIVATE FARM BUS. (FICB ♦ FLB) NONFARM NONCORP. (BC) CORPORATE BUSINESS (FNMA, S. ♦ L. ASSNS. (FHLB) 45 *6 47 48 49 50 AUGUST* 1973 MISCELLANEOUS I MISCELLANEOUS I MISCELLANEOUS FINANCIAL CLAIMS 64 ANNUAL FLOWS* 1965-72 1 2 3 4 TOTAL LIABILITIES HOUSEHOLDS corporate business U.S. GOVERNMENT ANNUAL FLOWS* 1965-72 1971 1973 1965 1966 1967 1968 1969 1970 7.888 264 56 -60 12.167 356 87 -361 10.546 288 258 64 15.145 355 320 723 26.714 386 832 -359 10.761 430 1.030 539 8.379 318 -116 828 20,927 540 160 30 1 2 3 4 1972 1974 5 6 7 8 TOTAL FINANCE SPONSORED CREDIT AGENCIES MONETARY AUTHORITIES COMMFRCIAL RANKING 4.941 116 -37 1.891 8.447 189 -85 4.983 6.985 471 49 2.257 11.865 -253 91 7.577 23.143 354 499 16.878 5.087 2.544 386 -3.733 2.783 -981 -172 -2.746 16.175 282 -1.024 9.300 5 6 7 8 9 10 11 12 13 14 SAVINGS ♦ LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE COS. NONLIFE INSURANCE COMPANI REITS REST OF THE WORLD 114 135 1.176 1.546 0 2.687 369 -11 1.217 1.785 0 3.638 350 147 1.635 2.076 0 2.951 398 112 1.458 2.466 16 1.882 392 213 1.431 3.345 31 2.712 617 96 1.697 3.418 62 3.675 794 120 2.130 3.570 68 4.566 711 215 2,860 3,680 151 4,022 9 10 11 12 13 14 6.812 1.273 180 284 3.387 31 12.613 1.216 207 359 3.721 359 9.869 1.465 263 402 3.456 -149 12.882 1.797 379 482 2.426 -226 18.068 2.118 436 672 3.041 94 12.246 2.584 489 684 4.231 251 6.580 2.304 568 794 6.239 70 17.464 2,677 493 722 4.339 103 15 16 17 18 19 20 15 16 17 18 19 20 TOTAL ASSETS HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUSINESS CORPORATE BUSINESS U.S. GOVERNMENT 21 22 23 TOTAL FINANCE SPONSORED CREDIT AGENCIES COMMERCIAL BANKING 2.016 69 488 3.344 -60 1.205 2.793 -18 697 4.637 -6 3.389 3.702 91 2.782 9.639 952 5.044 3,373 554 1.219 5.984 645 3.078 21 22 23 24 25 26 27 28 29 30 SAVINGS ♦ LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS S. ♦ L. GOVT.* RTR. FUNDS REITS REST OF THE WORLD 609 99 470 281 0 0 -359 939 126 236 898 0 0 3.407 859 149 269 837 0 0 1.639 -82 267 617 352 0 100 3,387 -430 -49 862 324 0 122 8.005 2.207 264 821 15 0 336 -5.632 237 328 918 68 0 49 -6.768 188 783 1.007 -223 0 506 3.146 24 25 26 27 28 29 30 1.076 -446 677 2.263 8.646 -1.485 1.799 3.463 31 31 unallocated* NET (A) DEPOSITS 32 33 34 COML. BANK LIAB. TO FGN. AFFILIATES ASSET-PEST OF THE WORLD LIAB- COMMERCIAL BANKS FOREIGN 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 -4.752 683 933 497 436 32 33 34 35 36 37 38 39 FOREIGN CURRENCY EXCEPT OFFICIAL — liability-rest of the world ASSET- CORPORATE BUSINESS U.S. government 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 16 503 -375 16 87 775 1.352 1.387 -182 175 -28 3.578 1.784 -167 229 1.732 35 36 37 38 39 40 POSTAL SAVINGS DEPOSITS(U.S.GOVT. LIAB.) -84 ASSET - HOUSEHOLDS -217 -no 0 0 0 0 0 40 3.277 3.029 2.690 1.079 2.243 3.599 3.782 1.381 41 56 87 258 320 832 1.030 -116 160 42 61 0 83 137 184 235 252 270 43 (B) EQUITIES 42 DIRECT FGN. INVESTMENT BY U.S.CORP. LIAB.-REST OF THE WORLD DIRECT INVESTMENT IN U.S. ASSET-REST OF THE WORLD 43 U.S. GOVT. EQUITY IN IBRD* ETC. LIABILITY-REST OF THE WORLD 44 DEPOSITS AT FHLB (S. ♦ L. ASSNS. ASSET) LIABILITY-SPONSORED CR.AGS. -154 41 45 46 47 48 49 50 EQUITIES IN U.S.G.CR.AGENCIES U.S. GOVERNMENT PRIVATE FARM BUS. (FICB ♦ FLB) NONFARM NONCORP, (BC) CORPORATE BUSINESS (FNMA) S. * L. ASSNS, (FHLB) MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. -8 395 -49 -342 1.289 -541 -241 44 99 -10 264 94 78 -22 -153 -300 208 0 306 0 117 0 258 0 45 46 40 13 6 50 46 9 23 92 49 11 14 26 102 11 26 8 55 13 65 75 51 15 111 129 70 13 23 11 90 12 18 138 47 48 49 50 AUGUST* 1973 MISCELLANEOUS II MISCELLANEOUS I 65 MISCELLANEOUS FINANCIAL CLAIMS (CONTINUED) ANNUAL FLOWS* 1945 ANNUAL FLOWS* 19*6-54 1946 1947 1948 1949 1950 1951 1952 1953 1954 (C) 1 65 81 51 69 103 79 76 1946-54 LIFF INSURANCE CLAIMS DEFERREO AND UNPAID PREMIUMS (LIFE INS. ASSET) 92 87 LIABILITY - HOUSEHOLDS 2 3 4 216 20 196 116 25 91 194 46 148 223 48 175 238 37 201 259 71 188 284 62 222 352 71 281 5 6 7 8 9 716 222 97 139 258 824 278 108 158 280 739 282 91 130 236 651 287 74 99 191 519 364 31 89 35 882 547 56 149 130 1*004 600 83 203 118 825 445 71 189 120 LIFE COMPANY RESERVES (HOUSEHOLDS ASSET) 336 LIABILITYLIFE INSURANCE 44 ACCIDENT AND HEALTH 292 POLICY DIVIDEND ACCUM. (D) 569 227 68 194 80 (E, 1 2 3 4 NONLIFE INSURANCE CLAIMS LIABILITY - OTHER INSURANCE asset-households FARM BUSINESS nonfarm noncorp. BUS. CORPORATE BUSINESS 5 6 7 8 9 UNALLOCATED ASSETS AND LIABILITIES 10 -565 189 -382 911 1.232 -1.047 456 -296 545 11 12 13 14 15 -335 -400 0 12 -153 2.602 -400 0 2.574 43 -300 -205 0 28 -26 482 -320 0 108 -40 1.574 10 0 398 83 -46 180 0 168 86 695 -186 0 215 -133 311 -49 0 -136 16 1.041 16 0 115 9 16 17 18 19 20 3 14 84 0 -56 -25 10 279 0 183 -75 9 72 0 -25 7 15 165 0 267 132 43 38 0 368 -111 16 132 0 -452 55 10 346 0 78 46 39 178 0 35 44 58 327 0 19 S. ♦ L. ASSOCIATIONS MUTUAL savings banks LIFE INSURANCE REITS MONETARY AUTHORITIES 16 17 18 19 20 21 22 23 24 25 391 348 0 59 -16 75 139 0 -27 -37 39 112 0 -4 -69 157 158 0 16 -17 371 318 0 6 47 245 203 0 18 24 242 187 0 24 31 94 63 0 27 2 575 524 0 12 39 COMMERCIAL BANKING commercial BANKS BANK AFFILIATES 21 22 23 24 25 26 27 28 29 -230 -234 4 0 63 66 -106 -103 -117 -76 -13 28 123 55 8 -60 131 27 16 -88 -310 -300 68 76 68 55 17 4 88 49 15 -24 -122 -39 -60 23 30 31 32 33 34 35 36 37 230 361 23 -31 -10 11 -148 0 2.613 2.645 -7 -32 50 -11 -125 0 82 -245 -31 28 -192 90 -125 0 -429 -441 28 16 -8 23 -120 0 342 -72 -26 58 13 146 30 0 1.001 495 -1 44 64 111 30 0 239 -145 23 69 22 90 72 0 607 245 124 68 5 53 -19 0 496 -210 83 40 47 109 6 0 38 39 40 -26 6 44 23 17 53 578 19 -40 0 59 14 91 58 44 168 87 3 26 73 9 95 41 -5 300 93 26 MONEY AMOUNTS ARF IN MILLIONS UF DOLLARS. NET TOTAL (LIAB. - ASSETS) TOTAL LIABILITIES U.S. GOVT. U.S. GOVT.-WITHOUT LEVELS REST OF THE WORLD 5PUNS0RED CR. AGENCIES fgn. banking agencies BANKS IN U.S. POSS. FLOATS IN COML. BANK STMN ON INTERBANK DEPOSITS ON INTERBANK LOANS LESS-ON M.8. RESERVES TOTAL ASSETS REST OF THE WORLD SPONSORED CR. AGENCIES 5. ♦ L. ASSOCIATIONS mutual savings banks LIFt INSURANCE private pension FUNDS REITS commercial BANKS fgn. banking agencies BANKS in TERR. AND POSS. 10 11 12 13 14 15 26 27 28 29 30 31 32 33 34 35 36 37 38 3.9 4Q AUGUST* 1973 MISCELLANEOUS II MISCELLANEOUS II 66 MISCELLANEOUS FINANCIAL CLAIMS (CONTINUED) ANNUAL FLOWS* 1955-64 ANNUAL FLOWS* 1955-64 1955 (C) 1957 1956 1958 1959 1960 1961 1962 1963 1964 LIFE INSURANCE CLAIMS 1 DEFERRED AND UNPAID 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 POLICY DIVIDEND ACCOM. 351 370 37 333 414 86 328 332 12 320 380 84 296 515 71 444 517 58 459 576 82 494 243 136 107 405 135 270 2 3 4 749 194 66 130 359 1.017 221 56 168 572 856 137 56 117 546 1.144 313 82 179 570 921 148 51 131 591 824 136 69 157 462 704 18 20 116 550 1.074 379 145 203 347 1.276 547 169 241 319 5 6 7 8 9 534 3 -411 644 -127 -1.000 1.513 -1.174 671 -1.622 10 901 -4 -147 49 -50 1.471 25 405 64 127 764 33 -45 -16 71 1.455 21 23 26 -28 910 0 -415 342 81 12 0 229 -14 40 3.084 0 -36 286 4 107 -103 117 306 31 2.851 -35 -161 344 -10 1.287 -59 -209 -126 35 11 12 13 14 15 (D) NONLIFE INSURANCE CLAIMS 5 6 7 8 9 LIABILITY - OTHER INSURANCE ASSET-HOUSEHOLDS FARM BUSINESS NONFARM NONCORP, BUS. CORPORATE BUSINESS (E> 10 11 12 13 14 15 724 310 97 149 168 UNALLOCATED ASSETS AND LIABILITIES NET TOTAL (LIAB. - ASSETS, TOTAL LIABILITIES U.S. GOVT. U.S. GOVT.-WITHOUT LEVELS REST OF THE WORLD SPONSORED CR. AGENCIES 16 17 18 19 20 S. ♦ L. ASSOCIATIONS MUTUAL SAVINGS BANKS LIFE INSURANCE REITS MONETARY AUTHORITIES 37 49 232 0 54 60 59 294 0 -233 86 57 225 0 -72 88 100 275 0 221 161 86 -139 0 -119 92 72 448 0 146 169 103 476 0 -110 82 47 414 0 20 186 115 499 0 -41 226 46 420 0 320 16 17 18 19 20 21 22 23 24 25 COMMERCIAL BANKING COMMERCIAL BANKS RANK AFFILIATES FGN. BANKING AGENCIES RANKS IN U.S. POSS. 569 535 0 -4 38 613 474 0 56 83 876 773 0 -35 138 586 391 0 76 119 24 346 0 -293 -29 -836 -886 0 -27 77 1.284 1.228 0 -71 127 -214 -399 0 62 123 2.091 1.700 0 219 172 1.389 1.182 0 60 147 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 112 155 -185 -142 57 -2 -10 -69 -451 -44 -116 291 143 75 53 -15 889 58 665 -166 -165 -78 -205 -118 908 535 265 -108 -593 -562 64 95 -137 34 -66 105 -755 -602 -153 0 26 27 28 29 367 218 -73 63 10 53 173 0 1.468 271 -51 182 24 131 229 0 1.175 159 100 180 57 77 82 0 811 242 -6 134 63 86 34 0 1.037 615 34 304 -48 152 147 0 1.012 -512 52 32 59 123 206 0 1.571 23 30 480 76 215 93 0 1.281 -316 31 536 55 121 191 0 2.180 614 -76 559 186 166 90 0 2.909 212 -18 669 79 156 280 0 30 31 32 33 34 35 36 37 -33 -51 7 430 233 19 414 28 78 102 132 24 0 -199 32 780 239 33 574 19 61 405 226 32 480 108 53 512 921 98 38 39 40 30 31 32 33 34 35 36 37 38 39 40 TOTAL ASSETS REST OF THE WORLD SPONSORED CR. AGENCIES S. ♦ L. ASSOCIATIONS MUTUAL SAVINGS RANKS LIFE INSURANCE PRIVATE PENSION FUNDS REITS COMMERCIAL RANKS FGN. BANKING AGENCIES RANKS IN TERR, AND POSS. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS, AUGUST* 1973 MISCELLANEOUS II MISCELLANEOUS II 67 MISCELLANEOUS FINANCIAL CLAIMS (CONTINUED) ANNUAL FLOWS* ANNUAL FLOWS. 1965-72 1965-72 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 <C> 1 264 356 288 355 386 430 318 540 2 3 4 638 156 482 724 220 504 772 308 464 868 330 538 960 405 555 1.169 595 574 1.060 418 642 1.266 455 811 5 6 7 8 9 1.546 719 140 271 416 1.785 709 161 350 565 2,076 803 214 391 668 2.466 929 277 471 789 3.345 1.158 381 659 1.147 3.418 1.415 438 669 896 3.570 1.244 498 781 1.047 3.680 1.411 403 710 1.156 LIFE INSURANCE CLAIMS DEFERRED AND UNPAID PREMIUMS (LIFE INS. ASSET) LIABILITY - HOUSEHOLDS LIFE COMPANY RESERVES (HOUSEHOLDS ASSET) LIABILITY- LIFE INSURANCE ACCIDENT AND HEALTH POLICY DIVIDEND ACCUM. (D) NONLIfE 1.076 -446 677 2.263 8.646 -1.485 1.799 3.463 11 12 13 14 15 2.500 127 -103 -264 171 2.835 409 -553 239 -67 3.382 363 -189 247 -2 7.324 196 527 186 -51 11.424 -298 -61 747 488 5.721 -613 1.152 -662 949 2,654 7 821 -820 -557 9.102 1 29 -1.207 265 16 17 18 19 20 114 135 538 0 -37 359 -11 493 0 -85 350 147 863 0 49 398 112 590 16 91 392 213 471 31 499 617 96 528 62 386 794 120 1.070 68 -172 711 215 1.594 151 -1.024 S. ♦ L. ASSOCIATIONS MUTUAL SAVINGS BANKS 21 22 23 24 25 1.485 1.252 0 146 87 1.174 558 0 340 276 1.715 1.390 0 31 294 5.122 4.144 0 726 252 5.889 3.692 322 760 1.115 4.028 2.359 965 210 494 1.902 1.679 571 -857 509 6.827 6.412 -1.298 1.247 466 commercial BANKING CUMMERCIAL banks 26 27 28 29 334 191 151 8 867 531 66 -270 -161 -416 163 -92 137 492 -167 188 3.053 -483 3.529 -7 -822 -65 -952 -195 -579 -1.063 1.005 521 1.540 2.316 -43 733 30 31 32 33 34 35 36 37 1,424 -487 69 713 99 206 281 0 3.281 378 -60 855 126 -120 898 0 2.705 678 -18 438 149 -19 837 0 5.061 749 -6 -41 267 262 352 100 2.778 -763 91 -163 -49 476 324 122 7.206 277 952 789 264 391 15 336 855 -2.583 554 767 328 600 68 49 5.639 2.053 645 291 783 467 -223 506 38 39 40 766 -226 3 864 228 112 1.216 -672 96 1.880 1.354 144 1.565 325 850 1.192 2.734 256 1.331 -330 71 2.010 -903 10 IN MILLIONS OF DOLLARS, 4 5 6 7 8 9 UNALLOCATED ASSETS AND LIABILITIES 10 MONEY AMOUNTS ARF 2 3 INSURANCE CLAIMS LIABILITY - OTHER INSURANCE ASSET-HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUS. CORPORATE BUSINESS (E) 1 NET TOTAL (LIAB. - ASSETS) 10 TOTAL LIABILITIES 11 U.S. GOVT. 12 U.S. GOVT.-WITHOUT LEVELS 13 rest of the world 14 SPONSORED CR. AGENCIES 15 liff insurance REITS MONETARY AUTHORITIES 16 17 18 19 20 BANK AFFILIATES FGN. BANKING AGENCIES BANKS IN U.S. POSS. 21 22 23 24 25 FLOATS IN COML. BANK STMN ON interbank deposits ON INTERBANK LOANS LESS-ON M.B. RESERVES 26 27 28 29 TOTAL ASSETS REST OF THE WOHLO SPONSORED CR. AGENCIES S. ♦ L. ASSOCIATIONS MUTUAL savings banks LIFE INSURANCE PRIVATE PENSION FUNDS REITS COMMERCIAL BANKS FGN. BANKING AGENCIES BANKS IN TERR. AND POSS. 30 31 32 33 34 35 36 37 38 39 40 AUGUST* 1973 TOTAL CLAIMS TOTAL CLAIMS 68 TOTAL FINANCIAL ASSETS AND LIABILITIES ANNUAL FLOWS* 1946-54 ANNUAL FLOWS* 1946-54 1947 1946 1948 1949 1950 1951 1952 TOTAL FUNDS RAISED AND ADVANCED IN CREDIT MARKETS (1) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 IB 19 20 FUNDS RAISED IN CREDIT MARKETS BYNONFINANCIAL SECTORS FEDERAL GOVERNMENT foreign PRIVATE OOMFSTIC STATE ♦ LOCAL GOVTS. HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUS. CORPORATE NONFIN. BUS. FINANCIAL SECTORS SPONSORED CP. AGENCIES COMMERCIAL BANKS BANK AFFILIATES SAVINGS AND LOAN ASSNS. OTHER INSURANCE COS. REITS FGN. BANKING AGENCIES FINANCE COMPANIES INVESTMENT COMPANIES EQUALS—TOTAL FUNDS RAISED AND IN CREDIT MARKETS advanced NET ACQUISITIONS BY: PRIVATE DOMESTIC 21 NONFINANCIAL SECTORS 22 households NONFARM NONCORP. BUSINFSS 23 24 NONFINANCIAL CORPORATE BUS. STATE ♦ LOCAL GOVERNMENTS 25 26 U.S. government 27 FINANCIAL INSTITUTIONS 28 SPONSORED CREDIT AGENCIES 29 FEDERAL RESERVE SYSTEM -4.412 -23.449 3.413 15.624 47 7.117 363 1 .338 6.759 16.867 -7.231 4.373 19.725 1.431 7.826 468 1.386 8.614 14.016 -5.709 1.299 18,426 2.239 8.736 658 495 6.298 17.520 2.577 267 14.676 2.497 7.867 392 699 3.221 25.746 -1.179 235 26.690 3.399 13.338 1.058 1,660 7.235 24.404 -438 623 24.219 2.439 9.529 1.287 1.006 9.958 32.670 4,884 491 27.295 4.006 12.348 790 938 9.213 29.520 7.045 0 22.475 3.905 12,497 -100 525 5.648 27.540 2.421 434 24.685 5.747 11.053 772 829 6.284 1 2 3 4 5 6 7 8 9 1.461 295 55 0 lbB 53 0 -16 624 282 1.226 116 11 0 209 77 0 7 597 209 1.585 275 45 0 93 37 0 0 1.039 96 1.131 -112 11 0 -53 20 0 5 933 3?7 2.552 381 72 0 445 46 0 5 1.364 239 1.264 227 144 0 152 47 0 0 397 297 2.125 47 139 0 79 36 0 -2 1.295 531 2.276 -3 114 0 131 88 0 0 1.538 408 1.353 -35 228 0 167 106 0 3 362 522 10 11 12 13 14 15 16 17 18 19 -2.951 18.093 15.601 18.651 28.298 25.668 34.795 31.796 28.893 20 -5.125 320 334 -5.147 -632 4.523 3.227 330 281 685 5.602 3.400 364 1.333 505 6.008 2.870 256 2.453 429 5.919 566 488 4.056 809 4.408 2.044 297 1.577 490 6.020 4.188 396 -137 1.573 8.062 4.266 178 2.328 1.288 2.219 2.296 92 -1.366 1.197 21 22 23 24 25 2.831 4.288 1.376 1.290 733 1.298 1.490 562 -314 26 388 79 -813 10.066 195 -887 8.328 357 913 10.980 -32 -4.567 20.400 460 1.824 19.825 417 3.025 26.164 123 926 22.525 61 1.200 26.421 316 -865 27 28 29 30 31 32 33 34 COMMERCIAL BANKING COMMERCIAL BANKS BANK AFFILIATES FOREIGN BANKING AGENCIES BANKS IN U.S. POSSESIONS -6.323 -6.326 0 42 -39 3.221 3.268 0 41 -88 -2.597 -2.667 0 90 -20 5.870 5.707 0 186 -23 6.5?5 6.376 0 141 8 6.660 6,449 0 227 -16 8.634 8.458 0 150 26 3.702 3.735 0 -37 4 9.532 9.399 0 114 19 30 31 32 33 34 35 36 37 38 PRIVATE NONBANK FINANCE SVGS. ♦ LOAN ASSOCIATIONS MUTUAL SAVINGS BANKS CREDIT UNIONS 7.445 1.388 1.501 54 7.537 1.476 946 104 9.655 1.194 954 115 9.709 1.345 1.034 131 11.591 2.125 1.010 160 9.723 2.049 903 65 16.481 3.102 1.741 244 17.562 3.762 1.827 317 17.438 4.298 2.061 238 35 36 37 38 39 40 41 42 LIFE INSURANCE COMPANIES OTHER INSURANCE COMPANIES PVT. PENSION FUNDS S. ♦ L. GOVT,, RTR. FUNDS 3.463 556 597 262 3.133 774 660 327 3.591 1.000 686 43? 3.719 811 713 5?6 3.797 928 1.604 656 3.698 775 1.026 741 4.529 1.129 1.722 1.007 4.872 1.327 1.973 1.293 4.914 1.094 2.107 1.483 39 40 41 42 43 44 45 46 FINANCE COMPANIES REITS OPEN-END INVESTMENT COS. SECURITY BROKFRS ♦ DEALERS 630 0 165 -1.171 689 0 161 -733 946 0 150 587 931 0 261 238 1.392 0 197 -278 423 0 220 -177 2.128 0 515 364 1.718 0 361 112 666 0 421 156 43 44 45 46 -1.045 -784 295 373 1.246 137 1.121 647 567 47 47 REST OF THE WORLD TOTAL CLAIMS AND THEIR RELATION TO TOTAL financial ASSETS 1 TOTAL CREDIT MARKET DEBT (FROM PRECEDING TA8LE) OTHER DEBT FORMS— FOREIGN EXCHANGE 2 treasury currency 3 4 5 6 7 8 9 10 11 12 13 14 DEPOSITS AT FINAN. INSTS. BANKING SYSTEM DEMAND DEP. ♦ CURRENCY TIME AND SVGS. DEPOSITS SAVINGS INSTITUTIONS INSURANCE ♦ PENSION RESERVE SECURITY CREOIT TRADE DEBT PROFIT TAXES PAYABLE NONCORP. PROPRIETORS’ EQ. MISCELLANEOUS -2.951 18.093 15.601 18.651 28.298 25.668 34,795 31.796 28.893 1 -248 126 1.185 -28 356 -5 169 -19 -16 -10 -20 24 36 37 -95 34 -182 36 2 3 -8.026 -10.746 -14.561 3.815 2.720 4.737 2.513 1.142 1.371 2.224 2.030 87 -513 600 1.943 2.994 506 13 493 2.488 7.988 5.581 5.245 336 2.407 12.155 8,940 7.204 1.736 3.215 14.690 9.616 6.498 3.118 5.074 9.259 3.493 30 3.463 5.766 15.149 8.431 4,600 3.831 6.718 4 5 6 7 8 5.309 5.373 5.295 5.588 6.872 6.294 7.773 7.971 7.889 9 -4.280 4.167 -2.007 3.417 867 -1.153 3.489 2.348 2.410 5.089 199 3.652 1.001 4.786 1.456 794 5 -2.167 467 2.666 1.078 9.786 7.674 3.204 3.341 -402 2.871 4.900 2.506 1.950 552 2.012 -2.915 315 3.223 852 -239 1.082 412 2.432 2.134 4.231 -3.583 -1.263 3.336 10 11 12 13 14 232 1.919 2.368 -3.870 2.202 2.712 -112 -164 -1.417 15 -3.394 43.462 36.739 25.278 70.417 58.658 60.406 53.340 55.223 16 603 280 2.129 -1.553 739 -1.637 5? -378 1.323 79 289 808 -199 573 -937 -10 212 -1,664 -647 1.660 -2.055 185 220 623 617 -508 520 17 18 19 20 21 22 TOTAL DEBT ABOVE DEDUCT—FLOATS NOT INCLUOEO IN assets DEMAND DEPOSITS-U.S.GOVT. OTHER TRADE CREOIT OEDUCT—LIABILITIES NOT ALLOCATED AS ASSETS TREASURY CURRENCY TAXES PAYABLE MISCELLANEOUS -97 -613 -565 -28 -155 189 -32 37 -382 -28 -42 911 -48 253 1.232 -49 -89 -1.047 -66 772 456 -48 558 -296 -55 -577 545 20 21 22 23 TOTALS ALLOCATED TO SECTORS -5.131 45.907 36.119 23.261 69.543 61.305 60.286 52.098 54.681 23 15 16 17 18 19 INTERBANK CLAIMS <1> INCLUDES CORPORATE EQUITIES. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST. 1973 TOTAL CLAIMS TOTAL CLAIMS 69 TOTAL FINANCIAL ASSETS ANO LIARILITIES ANNUAL FLOWS. ANNUAL FLOWS. 1969-64 1955 1956 1957 1958 1959 1960 1961 1963 1962 TOTAL FUNOS RAlStD AND AOVANCtD IN CREDIT MARKETS 38.052 -788 350 38.490 5.288 19.735 1.441 1.731 10.295 29.802 -5.798 974 34.626 3.659 16.114 859 1.116 12.878 30.463 -2.239 1.368 31.334 4.398 12.675 1.057 958 12.046 41,779 9.314 2.332 30.133 5.678 11.013 1.364 1.512 10.566 52.856 7.089 934 44.833 6.465 21.455 1.932 2.366 12.615 37.569 -2.051 1.842 37.778 5.485 17.734 1.031 1.589 11.939 46.465 7.211 2.481 36.773 5.311 15.299 1.593 2.299 12.271 53.506 7.017 1.823 44.666 5.862 20.794 2.298 3.218 12.494 57.662 3.979 3.756 49.927 5.956 24.756 2.550 4.535 12.130 10 11 12 13 14 15 16 17 18 19 6.472 1.007 -51 0 725 103 0 0 3.908 780 2.534 738 267 0 -239 62 0 5 652 1.0*9 3.712 1.120 273 0 0 66 0 13 1.170 1.070 1.525 56 54 0 369 148 0 8 -706 1.596 8.143 2.274 132 0 1.074 135 0 -2 2.765 1.765 5.031 638 122 0 -295 79 0 -29 3.088 1.428 5.227 681 1 78 0 1.023 256 0 11 942 2.136 7.320 1.499 96 0 1.224 143 0 -15 2.688 1.685 9.392 1.447 284 0 1.924 28b 0 29 4.014 1.406 20 44.524 32.336 34.175 43.304 60.999 42.600 51.692 60.826 67.054 15.498 9.170 165 5.071 1.092 5.813 8.286 282 -3.678 923 7.111 6.666 174 -194 465 3.873 2.672 -20 1.095 126 20.892 11.684 220 7.494 1.494 2.423 5.693 258 -4.200 672 4.036 2.838 196 383 619 1964 (1) 1 2 3 4 5 6 7 8 9 21 22 23 24 25 1955-64 1.369 -2.022 397 1.970 1.024 5.985 1.842 315 2.918 910 FUNOS RAISED IN CREOIT MAHKETS BY— 67.831 NONFINANCIAL SECTORS 6.273 FEOERAL GOVERNMENT 5.130 foreign 56.428 private domestic 6.262 STATE ♦ LOCAL GOVTS. households 27.818 FflRM BUSINESS 2.603 5.289 NONFaRM NONCORP. BUS. 14.456 CORPORATE NONFIN. BUS. 8.299 FINANCIAL SECTORS SPONSORED CR. AGENCIES 544 commercial banks 1.203 bank affiliates 0 293 SAVINGS ANO LOAN ASSNS. 123 OTHER INSURANCE COS. 0 REITS fgn. hanking agencies 49 4.093 FINANCE COMPANIES 1.994 INVtSlMENT COMPANIES EQUALS — TOTAL FUNOS RAISED ANO ADVANCED IN CREDI' MARKETS 76.130 NET ,ACQUISITIONS BY: PRIVATE DOMESTIC 7.648 NONFINANCIAL SECTORS 5.850 HOUSEHOLDS NONFARM NONCORP. BUSINESS 391 1.895 NONFINANCIAL CORPORATE BUS. STATE ♦ LOCAL GOVERNMENTS -488 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 792 667 614 1.496 1.778 1.003 1.628 2.022 1.507 27 28 29 27.138 1.016 -252 24.453 1.026 195 25.752 1.299 -701 37.952 319 2.104 35.103 2.224 315 37.782 1.187 738 45.188 1.033 1.481 55.952 1.616 1.984 58,640 1.554 2.856 65.140. 736 3.381 30 31 32 33 34 4.358 4.334 0 0 24 5.427 5.269 0 115 43 5.057 5.098 0 -73 32 15.040 14.861 0 101 78 4.820 4.749 0 103 -32 9.154 8.958 0 169 27 15.285 15.108 0 147 30 19.016 18.831 0 106 79 17.580 17.613 0 -142 109 22.741 22.573 0 129 39 commercial banking 35 36 37 38 22.016 5.790 2.046 377 17.805 4.890 2.057 407 20.097 4.978 1.808 465 20.489 6.344 2.474 282 27.744 8.392 1.599 674 26.703 7.294 1.522 685 27.389 9.426 2.119 430 33.336 10.304 3.218 640 36.650 13.297 3.439 743 38.282 11.035 4.365 884 PRIVATE NONSANK FINANCE SVGS. LOAN ASSOCIATIONS MUTUAL SAVINGS BANKS CREOIT UNIONS 39 40 41 42 5.217 893 2,047 1.324 5.119 540 2.519 1.258 5.000 811 2.942 1.628 5.076 934 3.086 1.763 5.236 1.569 3.475 1.949 5.387 1.006 3.751 2.136 5.714 1.217 3.830 2.347 6.460 1.549 3.967 2.326 6.657 991 4.324 2.554 7.411 912 4.511 3.042 LIFE INSURANCE COMPANIES PVT. PENSION FUNDS S. ♦ i. GOVT.» RTR. FUNDS 39 40 41 42 43 44 45 46 3.806 0 608 -92 867 0 768 -620 1.150 0 840 475 -413 0 1.338 -395 3.400 0 1.381 69 3.259 0 1.031 632 910 0 1.583 -187 2.463 0 1.273 1.136 4.456 0 905 -716 4.064 0 1.132 926 FINANCE COMPANIES REITS OPEN-END INVESTMENT COS. SECURITY BROKERS ♦ OEALERS 43 44 45 46 47 1.096 1.403 698 -17 3.226 1.392 840 1.483 922 574 2.768 U.S. GOVERNMENT 26 FINANCIAL INSTITUTIONS SPONSORED CREDIT AGENCIES FEDERAL RESERVE SYSTEM 27 28 29 COMMERCIAL BANKS BANK AFFILIATES FOREIGN RANKING AGENCIES BANKS IN U.S. POSSESIONS other insurance companies REST OF THE WORLD 30 31 32 33 34 35 36 37 38 47 total claims and their relation to total financial assets 1 44.524 32.336 34.175 43.304 60,999 42.600 51.692 60.826 67.054 76.130 2 3 -141 2 564 19 367 36 -17 38 39 39 -442 47 251 54 -643 20 84 46 -46 24 4 5 6 7 8 10.748 3.618 2.293 1.325 7.130 11.267 3.949 1.839 2.110 7.318 11.682 4.793 -616 5.409 6.889 22.588 13.689 5.726 7.963 8.899 11.401 2.985 1.914 1.071 8,416 17.137 7.672 1.837 5.835 9.465 26.635 15.300 5.883 9.417 11.335 33.891 20.789 5.214 15.575 13.102 34.547 19.374 4.965 14.409 15.173 39.028 23.151 8.588 14.563 15.877 TOTAL CREDIT MARKET OEBT (FROM PRECEDING TABLE) OTHER DEBT FORMS— FOREIGN EXCHANGE TREASURY CURRENCY DEPOSITS AT FINAN. INSTS. BANKING SYSTEM DEMAND DEP. ♦ CURRENCY TIME ANO SVGS. DEPOSITS SAVINGS INSTITUTIONS 9 8.501 9.530 9.523 10.427 11.867 11.555 12.181 12.696 14.113 15.565 INSURANCE ♦ PENSION RESERVE 10 11 12 13 14 981 10.495 3.740 -1.798 3.316 -637 4.749 -1.756 -674 5.751 -279 2.952 -2.005 -1.080 5.248 1.735 3.949 -2.545 531 4.680 63 6.015 2.431 -4.647 4.010 35* 4.819 -1.499 -3.255 5.424 2.249 6.568 390 -2.864 7.39* 798 5.411 1.500 -2.066 3.447 2.753 7.633 1.177 -2.134 6.959 166 7.956 1.248 -3.150 6.215 SECURITY CREDIT 15 1.223 689 -160 -716 129 -853 1.360 1.413 -942 1.396 16 81.591 61.838 60.459 83.974 92.346 75.887 105.910 117.293 131.290 17 18 19 -391 544 896 367 *58 -1.171 55 -327 1.4*3 -157 402 -1.582 -4 -546 -354 -181 402 677 9 852 -1.336 357 -365 485 20 21 22 -21 1.265 534 -39 389 3 -** 3** -411 -50 -102 644 -38 -125 -127 -40 -68 -1.000 -133 -377 1.513 38 570 -1.174 23 78.764 61.831 59.399 84.819 93.540 76.097 105.382 117.382 146 .615 (1) MONEY AMOUNTS ARE IN MILLIONS OF DOLLAHS, 2 3 4 5 6 7 8 9 MISCELLANEOUS 10 11 12 13 14 interbank CLAIMS 15 trade oert profit taxes payable noncorp. PROPRIETORS* EQ. 144.532 TOTAL DEBT ABOVE DEDUCT—FLOATS NOT INCLUDED IN ASSETS -419 40 DEMAND DEPOSITS-U.S.GOVT. 7 527 other TRADE CREDIT 810 -695 DEDUCT- -LIABILITIES NOT ALLOCATED AS ASSETS TREASURY CURRENCY 35 197 -71 -852 TAXES PAYABLE 671 -1 .622 MISCELLANEOUS 130.579 1 TOTALS ALLOCATED TO SECTORS AS ASSETS INCLUDES CORPORATE EQUITIES. 16 17 18 19 20 21 22 23 AUGUST* 1973 TOTAL CLAIMS TOTAL CLAIMS TOTAL FINANCIAL ASSETS AND LIABILITIES 70 ANNUAL FLOWS* 1965-72 ANNUAL FLOWS* 1965-72 1965 1966 1967 I960 1969 197ft 1971 1972 1973 1974 TOTAL FUNDS RAISED AND ADVANCED IN CREDIT MARKETS (1) FUNDS RAISED IN CREDIT MARKETS BY— NONFINANCIAL SECTORS FEDERAL GOVERNMENT FOREIGN PRIVATE DOMESTIC STATE ♦ LOCAL GOVTS. HOUSEHOLDS FARM BUSINESS NQNFARM NONCORP. BUS. CORPORATE NONFIN. BUS. 69.859 1.768 2.541 65.550 7.658 28.411 3.290 5.747 20.444 67.739 3.633 1.313 62.793 6.274 22.616 3.110 5.417 25.376 82.229 13.005 4.017 65.207 7.944 19.044 3.622 4.956 29.641 94.594 13.398 3,067 78.129 9.826 29.625 2.832 5.56ft 30.286 91.370 -3.646 3.324 91.692 10.673 32.183 3.176 7.357 38.303 97.456 12.802 3.037 81.617 11.404 22.914 3.249 5.272 38.778 146.698 25.500 5.725 115.473 16.991 38.320 4.098 8.696 47.368 166.115 17.317 3.432 145.366 12.275 63.216 4,857 10.382 54.636 1 2 3 4 5 6 7 8 9 11.735 4.825 -103 0 83 81 0 55 3.117 3.677 2.016 -621 82 0 -1.702 no 0 -28 1.218 2.957 1».334 3.476 1.210 0 1.132 247 669 85 5.717 5.798 33.969 8.783 1.696 4.209 4.104 549 1.315 158 8.368 4.787 12.472 8.234 -3.135 -1.860 1.845 393 2.633 80 1.653 2.629 16.477 4.296 1.992 -376 3 599 2.929 1.641 4.212 1.181 28.378 6.182 3.308 664 1.972 600 6.324 844 9.117 -633 10 11 12 13 14 15 16 17 18 19 20 13.278 FINANCIAL SECTORS 2.114 SPONSORED CR. AGENCIES COMMERCIAL BANKS 1.823 BANK AFFILIATES 0 SAVINGS AND LOAN ASSNS. 805 85 OTHER INSURANCE COS. REITS 0 FGN. BANKING AGENCIES -10 FINANCE COMPANIES 5.240 INVESTMENT COMPANIES 3.221 EQUALS —TOTAL FUNDS RAISED AND ADVANCED 83.137 IN CREDIT MARKETS 79.474 84.245 112.928 125.339 109.928 163.175 194.493 20 21 22 23 24 25 NET ACQUISITIONS BY! PRIVATE OOMESTIC 5.695 NONFINANCIAL SECTORS 2.203 HOUSEHOLDS NONFARM NONCORP. BUSINESS 436 NONFINANCIAL CORPORATE BUS. 207 STATE ♦ LOCAL GOVERNMENTS 2.849 16.481 16.444 491 -2.042 1.588 -266 -2.042 428 1.424 -76 12.488 3.851 490 5.86? 2.285 40.789 30.8?2 598 2.484 6.885 -4.997 -2.136 586 -2.485 -962 -9.577 -14.681 686 6.856 -2.438 9.578 3.051 1.073 3.493 1.961 21 22 23 24 25 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 2.773 4.911 4.552 4.937 2.876 2.833 3.222 2.313 26 75.012 2.231 3.828 59.952 5.117 3.479 77.263 -93 4.801 93.111 3.241 3.719 80,392 9.032 4.223 101.125 9.880 ♦ .981 142.279 2.802 8.848 171.950 6.013 184 27 28 29 26 U.S. GOVERNMENT 27 FINANCIAL INSTITUTIONS 28 SPONSORED CREDIT AGENCIES 29 federal reserve SYSTEM 30 31 32 33 34 COMMERCIAL BANKING COMMERCIAL BANKS BANK AFFILIATES FOREIGN BANKING AGENCIES BANKS IN U.S. POSSESIONS 28,768 28.428 0 249 91 17.528 16.965 0 431 132 35.933 35.346 0 439 148 38.807 38.255 0 467 85 18.296 12.739 3.946 1.381 230 35.162 33,253 -992 2.766 135 50.575 50.279 -114 99 311 69,840 68.824 -242 971 287 30 31 32 33 34 35 36 37 38 PRIVATE NONBANK FINANCE SVGS. ♦ LOAN ASSOCIATIONS MUTUAL SAVINGS BANKS CREDIT UNIONS 40.185 9.577 3.882 1.044 33.828 4.181 2.688 1.112 36.622 9.199 5.194 866 47.344 10.217 4.338 1.299 48.841 9.946 3.180 1.571 51.102 11.645 4.101 1.465 80.054 29.367 9.927 2.632 95.913 36.479 9,974 2.824 35 36 37 38 39 40 41 42 LIFE INSURANCE COMPANIES OTHER INSURANCE COMPANIES PVT. PENSION FUNDS S. ♦ L. GOVT., RTR. FUNDS 8.240 1.139 5.204 3.288 7.981 1.863 6.300 4.175 8.382 1.757 5.306 4.002 9.037 2.685 5.780 4.694 8,402 2,553 5,991 5.190 8,991 4.867 6.937 6.148 11.758 6.248 7.351 6.915 13.629 5.832 5.752 7.279 39 40 41 42 43 44 45 46 finance companies 5.671 0 2.057 83 2.139 0 2.488 901 551 0 1.339 26 5.133 230 3.475 456 8.017 877 2.626 ♦ 88 702 2.112 1.693 2,441 4,112 2.544 444 -1,244 10.758 4.844 -1.838 380 43 44 45 46 -343 -1.870 2.696 2.392 1.282 10.967 27.251 10.652 47 REITS open-end investment COS. SECURITY BROKERS ♦ DEALERS 47 REST OF THE WORLD TOTAL CLAIMS and their RELATION TO TOTAL financial ASSETS 83.137 79.474 84.245 112.928 125.339 109,928 163.175 194.493 1 443 234 3 899 1.118 683 2.053 ♦ 16 287 272 -2.541 622 -1.731 490 -155 533 2 3 DEPOSITS AT FINAN. INSTS. BANKING SYSTEM DEMAND DEP. ♦ CURRENCY TIME AND SVGS. DEPOSITS SAVINGS INSTITUTIONS ♦0.471 27.376 7.268 20.108 13,095 24.128 17.194 3,905 13.289 6.934 55.870 38.911 14.997 23,914 16.959 48.200 35.498 14.777 20.721 12.702 6.669 -1.258 8.207 -9.465 7.927 69,224 52.242 14.277 37.965 16.982 99.592 58.766 17.403 41.363 40.826 109.122 62.727 20.384 42.343 46.395 4 5 6 7 8 INSURANCE ♦ PFNSION RESERVE 17.043 19.430 19.633 20.124 20,826 24,305 28.270 28.023 9 SECURITY CREDIT TRADE DEBT 1.124 13.172 1.687 -1.942 7.888 775 11.987 159 -3.180 12.167 7.023 11.050 -4,903 -3.774 10.546 6,582 18.869 3.021 -2.217 15.145 -6,656 20.042 -3.091 -2.752 26.714 -799 6.526 -3.125 -3.628 10.761 3.776 4,564 1.804 -3.415 8.379 8.854 15.738 694 -5.581 20.927 10 11 12 13 14 366 1 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 profit taxes payable NONCORP. PROPRIETORS’ EQ. MISCELLANEOUS 2.294 2.765 3.645 1.952 4.457 5,582 1.985 15 163.623 148.136 TOTAL DEBT ABOVE DEDUCT—FLOATS NOT INCLUDED IN ASSETS -283 411 DEMAND DEPOSITS-U.S.GOVT. -934 46 OTHER TRADE CREDIT -1.504 -1.970 DEDUCT—LIABILITIES NOT ALLOCATEO AS ASSETS 64 TREASURY CURRENCY 157 664 379 TAXES PAYABLE 1.076 -446 MISCELLANEOUS 184.256 228.766 189.602 215.730 310.486 374.633 16 124 -1.234 595 444 480 -1.577 -585 2.059 -4,804 50 2.172 -1.679 -173 2.281 264 1.390 1.745 -4.298 17 18 19 216 -770 677 249 658 2.263 219 103 8.646 -79 82 -1.485 12 175 1.799 -153 -295 3.463 20 21 22 150.948 184.648 226,249 183.964 216.669 306.128 372.781 23 INTERBANK CLAIMS TOTALS ALLOCATED TO SECTORS AS ASSETS 163.151 (1) INCLUDES CORPORATE EQUITIES. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST* 1973 SAVING BY INDIVIDUALS SAVING BY INDIVIDUALS AMOUNT AND COMPOSITION OF INDIVIDUALS' ANNUAL FLOWS* 71 SAVING (1) 19*6-5* ANNUAL FLOWS. 1946--5* 1946 19*7 1948 19*9 1950 1951 1952 1953 195* 1 2 3 18.912 5.597 6.313 13.170 82 3.*47 9.0*8 -2.885 2.262 9.972 -2.00* 2.668 13.773 2.630 2.*90 18.812 4.593 4.868 22.658 1.633 7.829 22.527 960 8.283 22.66* 2.196 9.27* * 5 6 7 8 -1.187 1.216 -2.555 -72 3* 1.912 2.085 -1.003 57 4*2 2.2*0 1.601 -1.416 12* 1.006 2.123 1.463 -33* -60 691 -11* 252 -850 -32 548 1.150 -471 -579 290 338 3.435 92 -175 -94 2.0*1 3.261 198 *85 -156 1.822 1.105 595 -2.097 -255 2.516 SECURI1IES U.S. SAVINGS BONDS OTHER U.S. TREASURY SEC. U.S. G. AGENCY SECURITIES STATE ♦ LOCAL OBLIGATIONS 6 9 10 11 12 -929 0 282 837 -785 0 209 907 -62 0 96 891 -396 0 327 *32 -787 20 239 *96 33 -20 297 1.262 -13 1 531 1.052 -114 91 *08 527 -294 -59 522 177 CORPORATE ♦ FOREIGN BONDS COMMERCIAL PAPER INVESTMENT CO. SHARES OTHE* CORPORATE STOCK 9 10 11 12 13 1* 15 16 17 2.635 *00 *69 1.805 2.880 2.545 500 565 1.763 2.356 2.630 600 591 1.47* 2.136 2.667 625 636 1.660 1.597 2.636 775 1.694 1.767 1.895 2.555 975 1.121 1.6*3 1.907 2.8*5 1.125 1.775 2.028 1.988 2.908 1.125 2.010 1.928 2.052 3.001 1.175 2.106 1.607 2.200 18 19 20 21 22 28.549 5.541 6.839 15.757 *12 36.969 8.326 9.951 20.39* -1.702 *8.13* 12.105 10.697 22.677 2.655 **.733 10.703 10.756 2*.628 -1.35* 60.1*9 15.632 12.07* 30.*77 1.966 58.741 15.782 11.567 29.648 1.7*4 56.392 15.252 10.90* 29.33* 902 60.893 16.204 11.806 33.2*6 -365 23 2* 25 26 15.209 1.317 3.922 9.970 19.33* 1.457 5.015 12.862 23.130 1.597 5.992 15.5*1 26.235 1.718 6.919 17.598 29.858 1.937 7.642 20.279 35.132 2.250 8.740 24.142 37.52* 2.431 9.338 25.755 27 28 29 30 31 13.3*0 4.224 2.917 5.787 *12 17.635 6.869 *.936 7.532 -1.702 25.00* 10.508 *.705 7.136 2.655 18.*98 8.985 3.837 7.030 -1.35* 30.291 13.695 4.432 10.198 1.966 23.609 13.532 2.827 5.506 1.7*4 32 33 34 35 36 37 38 6.53* 3.775 888 2.719 -2.666 -70 1.888 10.028 *.301 1.178 3.21* -36* *2 1.657 10.771 5.030 1.136 2.8*9 -28* 132 1.908 9.552 4.066 1.495 2.917 272 199 603 17.120 7.392 1.831 *.107 700 190 2.900 39 *0 *1 25.718 1.805 5.787 20.777 1.763 7.532 23.281 1.47* 7.136 18.918 1.660 7.030 *2 43 4* *5 46 70 67 17.989 15.207 2.782 30 51 11.401 7.34* *.057 25 *2 14.60* 13.375 1.229 20 24 10.18* 9.398 786 19*5 1 2 3 * 5 7 8 PVT. LIFE INS. RESERVES PVT. INSURED PEN. RESERVES PVT. NONINSURED PEN. RES. GOVT. INS. ♦ PEN. RESERVES MISC. FINANCIAL ASSETS 13 1* 15 16 17 62.407 16.757 12.430 32.836 38* GROSS INV. iN TANGIBLE ASSETS NONFARM HOMES NONCORP BUS. CONSTR. ♦ EQUIP CONSUMER DURABLES INVENTORIES 18 19 20 21 22 39.417 2.724 9.8*0 26.853 *1.1*7 3.069 10.11* 27.96* CAPITAL CONSUMP. ALLOWANCES NONFARM HOMES noncorp bus. PLANT ♦ EQUIP. CONSUMER DURABLES 23 2* 25 26 18.868 12.821 1.566 3.579 902 21.476 13.480 1.966 6.395 -365 21.260 13.688 2.316 4.872 38* NET INV, 12.1*4 7.12* 1.537 1.2*1 -126 19* 2.17* 14.28* 6.4*2 1.652 *.801 176 123 1.090 13.628 7.652 1.3*7 3.873 *63 214 79 15.712 8.628 1.900 1.071 1.099 215 2.799 INCREASE IN DEBT MTG. DEBT ON NONFARM HOMES NONCORP BUS. MORTGAGE DEBT CONSUMER CREDIT SECURITY CREOIT POLICY LOANS OTHER DEBT 32 33 3* 35 36 37 38 26.9*4 1.767 10.198 30.277 1.6*3 5.506 27.2*2 2.028 3.579 30.375 1.928 6.395 28.212 1.607 4.872 39 *0 *1 56 *0 14.883 13.086 1.797 100 7 23.021 17.275 5.7*6 80 -28 21.583 18.160 3.423 64 -45 22.033 18.312 3.721 130 -5 21 .608 16.435 5.173 INDIVIDUAL SAVI NG(1*27-32) LESS- GOVT. INS. * PEN. RES. NET INV. IN CONS. DUR CAPITAL GAINS DIVIDENDS FROM INVESTMENT COS. NET SVG. BY FARM CORPS, EQUALS PERS SAVING. F/F BASIS PERSONAL SAVING. NIA BASIS DIFFERENCE (44-45) (1) MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS, INCREASE IN FINANCIAL ASSETS DEMAND DEPOSITS ♦ CURRENCY SAVINGS ACCOUNTS IN TANGIBLE ASSETS nunfmrm homes NONCORP BUS. CONSTR. CONSUMER DURABLES inventories 27 28 ♦ EQUIP 29 30 31 COMBINED STATEMENT FOR HOUSEHOLDS. FARM, AND NONFaRM NONCORPORATE BUSINESS. 42 *3 ** *5 *6 AUGUST* 1973 SAVING BY INDIVIDUALS SAVING BY INDIVIDUALS AMOUNT AND COMPOSITION OF INDIVIDUALS' SAVING (1) 72 ANNUAL FLOWS* 1955-64 1 INCREASE IN FINANCIAL ASSETS 2 DEMAND DEPOSITS ♦ CURRFNCY 3 SAVINGS ACCOUNTS ANNUAL FLOWS* 1955-64 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 28.358 1.160 8.758 29.977 1.783 9.584 28.595 -455 12.127 31.642 3.780 14.056 36,546 828 11.325 31.625 1.859 11.433 35.088 2.500 16.538 39,097 1.668 25.687 45.070 3.027 24.622 55.459 4.746 27.384 1 2 3 4 5 6 7 8 SECURITIES U.S. SAVINGS BONOS OTHER U.S. TREASURY SEC. U.S. G. AGENCY SECURITIES STATE ♦ LOCAL OBLIGATIONS 8.014 263 1.511 708 3.478 6.759 -94 1.397 232 2.351 4.771 -1.909 1.962 523 1.650 358 -523 -2.178 -543 804 9.898 -1.796 5.980 1.538 3.258 3.735 -265 585 -346 3.513 1.179 803 -1.461 112 1.230 -2.991 423 -694 450 -1.009 1.523 1.181 2.052 211 985 5.533 911 1.338 806 2.646 4 5 6 7 8 9 10 11 12 CORPORATE ♦ FOREIGN RONDS COMMERCIAL PAPER INVESTMENT CO. SHARES OTHER CORPORATE STOCK 995 -15 780 294 938 -13 1.049 899 1.065 14 1.070 396 1.312 -11 1.596 -99 282 5 1.765 -1.134 645 28 1.428 -1.853 141 -23 2.136 -1.759 -128 35 1.685 -3.753 -10 3 1.408 -4.307 89 -42 1.994 -2.209 9 10 11 12 3.070 1.325 2.278 1.828 1.925 3.167 1.175 2.748 2.440 2.321 2.651 1.600 3.075 2.197 2.629 3.017 1.500 3.150 2.760 3.021 3.312 1.975 3.661 2.919 2.628 3.152 1.275 3.968 3.160 3.043 3.354 1.400 4.037 3.390 2.690 3.642 1.375 4.205 3.474 2.037 4,106 1.675 4.480 3.852 1.785 4.312 1.950 4.910 4,393 2.231 13 14 15 16 17 18 GROSS INV. IN TANGIBLE ASSETS 19 NONFARM HOMES 20 NONCORP BUS. CONSTR. ♦ EQUIP CONSUMER DURABLES 21 INVENTORIES 22 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 NONFARM HOMES 28 29 NONCORP BUS. CONSTR. ♦ EQUIP 30 CONSUMER DURABLES INVENTORIES 31 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 MTG. DEBT ON NONFARM HOMES 33 34 NONCORP BUS. MORTGAGE DEBT 35 CONSUMER CREDIT 36 security CREDIT 37 POLICY LOANS 38 OTHER OEBT 25.369 12.197 2.088 6.366 685 237 3.796 18.145 11.201 1.767 3.504 -43 236 1.480 15.600 8.757 1.636 2.637 -408 402 2.576 15.207 8.845 2.747 158 1.157 354 1.946 26.889 12.560 3.025 6.415 14 474 4.401 21.078 10.781 2.422 4.597 -138 653 2.763 21.480 10.915 3.930 1.841 1.338 559 2.897 27,016 12.709 4.446 5.839 -126 543 3.605 34.446 14.750 5.437 7.918 1.957 460 3.924 35.899 15.985 6.541 8.529 -205 523 4.526 32 33 34 35 36 37 38 39 INDIVIDUAL SAVING(1*27-32) 40 LFSS- GOVT. INS. ♦ PEN. RES. 41 NET INV. IN CONS. OUR CAPITAL GAINS DIVIDENDS 42 FROM INVESTMENT COS. 43 NET SVG. BY FARM CORPS. 44 EQUALS PERS SAVING* F/F RASIc 45 PERSONAL SAVING. NIA BASIS 46 DIFFERENCE (44-45) 34.058 1.828 9.910 36.014 2.440 5.890 34.063 2.197 4.915 32.973 2.760 553 34.794 2.919 5.500 32.268 3.160 5.076 31.652 3.390 2.871 37.093 3,474 6.687 39.114 3.852 8.914 49,470 4.393 11.207 39 40 41 222 -25 22.123 15.800 6.323 293 -23 27.414 20.576 6.838 284 -28 26.695 20.743 5.952 316 -27 29.371 22.277 7.094 427 -24 25.972 19.083 6.889 416 -31 23.647 17.037 6.610 499 -25 24.917 21.153 3.764 502 11 26.419 21.601 4.618 472 -159 26.035 19.931 6,104 556 -47 33.361 26.188 7.173 42 43 44 45 46 13 14 15 16 17 PVT. life ins. reserves PVT. INSURED PEN. RESERVES PVT. NONINSURED PEN. RES. GOVT. INS. ♦ PEN. RESERVES MISC. financial assets (1) COMBINED STATEMENT FOR HOUSEHOLDS* FARM, AND NONFARM NONCORPORATE RUSINESS. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS, AUGUST* 1973 SAVING BY INDIVIDUALS 73 SAVING BY INDIVIDUALS AMOUNT AND COMPOSITION OF INDIVIDUALS’ SAVING (1) ANNUAL FLOWS* ANNUAL FLOWS. 1965-72 1965-72 1965 1966 1967 1968 1969 1970 1971 2 3 58.081 7.776 28.022 62.654 3.854 20.456 68.477 11.300 34.815 71.994 12.512 30.263 61.294 1.631 6.009 79.627 9.580 44.402 99.927 11.010 70.456 124.908 12.926 75.825 4 5 6 7 8 2.969 635 905 902 1.749 15.126 654 2.727 4.394 3.599 -2.984 890 -982 1.355 -2.195 2.304 373 5.268 -180 -761 29.699 -386 9.794 2.794 9.614 -2.274 281 -10.680 2.705 -544 -14.739 2.425 -11.709 -3.462 -874 5.080 3,295 1.537 -475 1.296 SECURITIES U.S. SAVINGS BONDS OTHER U.S. TREASURY SEC. U.S. G. AGENCY SECURITIES STATE ♦ LOCAL OBLIGATIONS 4 5 6 7 8 9 10 11 12 980 -9 3.221 -5.414 2.101 2.748 3.677 -4.774 4.587 -2.125 2.957 -7.471 4.726 729 5.798 -13.649 7,382 4.759 4.787 -9.045 10.068 -1.517 2.629 -5.216 8.172 -3.880 1.181 -6.592 4.852 432 -633 -5.224 CORPORATE ♦ FOREIGN BONDS COMMFRCIAL PAPER INVESTMENT CO. SHARES OTHER CORPORATE STOCK 9 10 11 12 13 14 15 16 17 4.691 2.075 5.534 4.743 2.271 4.587 2.100 7.157 5.586 3.788 4.983 2.600 6.562 5.488 5.713 4.635 2.925 6.405 6.159 6.791 4.912 2.925 6.342 6.647 3.129 5.136 3.275 7.137 8.757 3.614 6.101 5.175 7.256 9.738 4.930 7.241 4.600 5.698 10.484 3.054 18 19 20 21 22 110.845 19.097 23.727 66.308 1.713 114.119 18.941 23.997 70.752 429 116.685 17.001 25.623 73.120 941 132.582 21.091 26.817 84.032 642 143.045 21.960 29.211 90.790 1.084 140.171 19,627 30.385 91.297 -1.138 165.757 26.849 34.326 103.491 1.091 23 24 25 26 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 74.559 112.388 8.997 22.648 80.743 27 28 29 30 31 35.768 11.954 7.310 14.791 1.713 33.853 11.519 6.754 15.151 429 29.786 9.157 7.254 12.434 941 37.298 12.789 7.208 16.659 642 38.531 13.276 7.940 16.231 1.084 32 33 34 35 36 37 38 38.655 15.234 6.557 9.615 736 581 5.932 31.354 12.650 5.405 6.355 -73 1.490 5.527 33.505 10.371 7.178 4.545 3.684 991 6.736 41.936 14.625 6.822 9.987 2.918 1.288 6.296 39 40 41 55.194 4.743 14.791 65.153 5.586 15.151 64.758 5.488 12.434 42 43 44 45 46 939 -2 34,723 28.432 6.291 1.318 28 43.070 32.527 10.543 1.690 -53 45.199 40.366 4.833 1 1973 1974 INCREASE IN FINANCIAL ASSETS OEMAND DEPOSITS ♦ CURRENCY SAVINGS ACCOUNTS 1 2 3 PVT. LIFE INS. RESERVES PVT. INSURED PEN. RESERVES PVT. NONINSURED PEN. RES. GOVT. INS. ♦ PEN. RESERVES MISC. FINANCIAL ASSETS 13 14 15 16 17 190.449 34.305 39.507 117.409 -772 GROSS INV, IN TANGIBLE ASSETS NONFARM HOMES NONCORP BUS. CONSTR. ♦ EQUIP CONSUMER DURABLES INVENTORIES 18 19 20 21 22 121.286 9.412 24.398 87.476 130.626 10.176 26.675 93.775 CAPITAL CONSUMP. ALLOWANCES NONFARM HOMES NONCOHP BUS, PLANT ♦ EQUIP. CONSUMER DURABLES 23 24 25 26 27.783 10,630 7.737 10.554 -1.138 44.471 17.437 9.928 16.015 1.091 59.823 24.129 12.832 23.634 -772 NET INV. IN TANGIBLE ASSETS NONFARM HOMES NONCORP BUS. CONSTR. ♦ EQUIP CONSUMER DURABLES 27 28 29 30 31 39.767 16.072 6.989 10.376 -3.400 2.605 7.125 30.631 12.483 8.031 6.017 -1.780 2.308 3.572 54.601 24.138 11.230 11.231 2.609 1.013 4.380 84.900 38.423 13.237 19.170 4.672 945 8.453 INCREASE IN DEBT MTG. DEBT ON NONFARM HOMES NONCORP BUS. MORTGAGE DEBT CONSUMER CREDIT SECURITY CREDIT POLICY LOANS OTHER DEBT 32 33 34 35 36 37 38 67.356 6.159 16.659 60.058 6.647 16.231 76.779 8.757 10.554 89.797 9.738 16.015 99.831 10.484 23.634 39 40 41 2.458 16 42.064 39.758 2.306 2.536 -25 34.669 38.212 -3.543 923 -95 56.640 56.201 439 776 -48 63.316 60.159 3.157 1.420 -42 64.335 49.744 14.591 INDIVIDUAL SAVING(1*27-32) LESS- GOVT. INS, ♦ PEN. RES. NET INV. IN CONS. DUR CAPITAL GAINS DIVIDENDS FROM INVESTMENT COS. NET SVG. BY FARM CORPS. EQUALS PERS SAVING, F/F BASIS PERSONAL SAVING, NIA BASIS DIFFERENCE (44-45) (1) MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS 1972 inventories COMBINEO STATEMENT FOR HOUSEHOLDS* FARM, AND NONFaRM NONCORPORATE BUSINESS. 42 43 44 45 46 AUGUST* 1973 DISCREPANCIES DISCREPANCIES 74 DISCREPANCIES - SUMMARY FOR SECTORS ANO TRANSACTIONS ANNUAL FLOWS* 1946-54 ANNUAL FLOWS* 1946-54 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 SECTOR DISCREPANCIES 1 TOTAL. ALL SECTORS 2 HOUSEHOLDS CORPORATE BUSINESS 3 4 STATE ♦ LOCAL GOVERNMENTS U. S, GOVERNMENT 5 FOREIGN 6 1.693 -2.782 1.810 1.407 604 445 -3.447 -4.057 1.442 532 -2.357 936 2.628 -1.229 3.036 760 -1.377 1.179 1.751 -786 895 587 -268 775 -632 -1.797 744 85 845 -21 -6.069 -5.746 -1.740 76 133 477 -2.048 -3.423 212 1.125 -306 601 -1,696 -3.721 424 834 224 339 -2.330 -5.173 2.462 1.354 -603 173 1 2 3 4 5 6 7 8 9 10 FINANCIAL SECTORS SPONSORED AGENCIES MONETARY AUTHORITIES COMMERCIAL BANKS 209 -25 0 18 57 -26 0 117 259 -2 0 250 548 -8 0 164 -488 -16 0 114 731 -12 0 336 -257 0 0 198 204 1 0 215 -543 4 0 -134 7 8 9 10 11 12 13 14 15 16 PVT. NONBANK FINANCE SVGS ♦ LOAN ASSNS. MUTUAL SVGS BANKS. LIFE INSURANCE OTHER INSURANCE FINANCE N.E.C. 216 -8 -76 258 22 20 -34 1 18 19 -96 24 11 4 22 4 -18 -1 392 -1 2 96 277 18 -586 0 -35 -293 -279 21 407 24 32 188 104 59 -455 10 10 151 61 -687 -12 -18 23 -25 -49 57 -413 7 -33 43 -186 -244 11 12 13 14 15 16 TRANSACTION DISCREPANCIES 1 TOTAL. ALL TYPES TREASURY CURRENCY 2 DEMAND DEPOSIT MAIL FLOATS? U. S. GOVERNMENT 3 4 OTHER 5 6 7 8 TRADE CREDIT TAXES PAYABLE MISCELLANEOUS NONFINANCIAL 1.693 -97 -3.447 -28 2.628 -32 1.751 -28 -632 -48 -6.069 -49 -2.048 -66 -1.696 -48 -2.330 -55 1 2 603 280 -1.553 739 52 -378 79 289 -199 573 -10 212 -647 1.660 185 220 617 -508 3 4 2.129 -613 -565 -44 -1.637 -155 189 -1.002 1.323 37 -382 2.008 808 -42 911 -266 -937 253 1.232 -1.506 -1.664 -89 -1.047 -3.422 -2.055 772 456 -2.168 623 558 -296 -2.938 520 -577 545 -2.872 5 6 7 8 ANNUAL FLOWS* 1955-64 ANNUAL FLOWS. 1955-64 1955 1956 1957 1958 1959 I960 1961 1962 1963 1964 SECTOR discrepancies 1 TOTAL. ALL SECTORS 2 HOUSEHOLDS CORPORATE BUSINESS 3 4 STATE ♦ LOCAL GOVERNMENTS U. S. GOVERNMENT 5 FOREIGN 6 703 -6,323 4,647 1.604 -115 503 1.121 -6.838 4.632 1.198 979 543 1.028 -5.952 3.501 1.464 312 1.157 -2.426 -7.094 3.413 1.112 -123 488 -391 -6,889 4,289 923 442 411 787 -6.610 5.951 1.406 810 -1.013 1.236 -3.764 5.008 632 509 -1.031 -601 -4.818 4.462 1.938 -308 -1.203 991 -6.104 5.615 579 382 -354 -776 -7.173 7.394 2.087 -1.791 -915 1 2 3 4 5 6 607 7 8 9 10 FINANCIAL SECTORS SPONSORED AGENCIES MONETARY AUTHORITIES COMMERCIAL BANKS 387 2 0 278 8 0 539 546 -12 0 385 -222 -6 0 -223 433 5 0 766 243 9 0 4 -118 4 0 -275 -672 4 0 -350 873 1 0 642 -378 16 0 -649 7 8 9 10 11 12 13 14 15 16 PVT. NONBANK FINANCE SVGS ♦ LOAN ASSNS. MUTUAL SVGS BANKS. LIFE INSURANCE OTHER INSURANCE FINANCE N.E.C. 107 12 -18 -37 -24 174 60 24 17 41 -23 1 173 7 36 -62 7 185 7 15 44 197 -27 -222 -338 86 34 396 -279 -575 230 53 -22 205 104 -no 153 98 -2 108 24 -75 -326 139 0 -6 -744 285 230 60 -7 79 119 -21 255 178 -33 41 10 59 11 12 13 14 15 16 transaction 1 TOTAL. ALL TYPES 2 TREASURY CURRENCY 3 4 5 6 7 8 703 -21 1.121 -39 1.028 -44 -2.426 -50 -391 -38 787 -40 1.236 -133 -601 38 991 35 -776 197 1 2 -391 544 367 458 55 -327 -157 402 -4 -546 -181 482 9 852 357 -365 40 7 -419 527 3 4 896 1.265 534 -2.124 -1.171 389 3 1.114 1.443 344 -411 -32 -1.582 -102 644 -1.581 -354 -125 -127 803 677 -68 -1,000 997 -1.336 -377 1.513 708 485 570 -1.174 -512 810 -852 671 280 -695 -71 -1.622 1.307 5 6 7 8 demand deposit mail floats? U. S. GOVERNMENT OTHER TRADE CREDIT TAXES PAYABLE MISCELLANEOUS NONFINANCIAL MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS, DISCREPANCIES AUGUST* 1973 discrepancies DISCREPANCIES 75 DISCREPANCIES - SUMMARY FOR SECTORS AND TRANSACTIONS ANNUAL FLOWS* ANNUAL FLOWS. 1964-72 1965 I960 1967 1968 1969 1970 1971 1972 1973 1965-72 1974 SECTUR DISCREPANCItS 1 2 3 4 5 6 3.591 -6.291 8.901 709 647 -280 -1.806 -10.548 8.261 -124 -824 -448 261 -4.834 5.851 -850 -979 -1.048 5.251 -2.306 8.355 -699 610 -486 11.692 3.543 3.401 5.042 389 -2.342 5.555 -339 5.715 726 794 -1.205 7.340 -3 .157 12 .955 10 .734 -108 -10 .785 3.664 -14.591 14.959 7.696 1.002 -3.076 7 8 1.877 10 -95 25 0 -108 0 228 2.121 31 0 -363 -223 80 0 -135 1.659 61 0 27 -136 54 0 -513 -2 .299 -11 0 -1 .716 -2.326 -62 0 -1.464 FINANCIAL SECTORS SPONSORED AGENCIES MONETARY AUTHORITIES COMMERCIAL HANKS 11 12 13 14 15 16 -12 160 -2 -272 362 -260 1.595 318 -28 295 242 768 2.453 487 -15 632 621 728 -168 280 -104 -738 -236 630 1.571 102 -12 190 914 377 323 194 99 92 -775 713 -572 -244 -40 156 -608 164 -800 -722 -201 617 781 -1.275 PVT. NONHANK FINANCE SVGS ♦ LOAN ASSNS. MUTUAL SVGS BANKS. 7.340 12 3.664 -153 9 04 TOTAL* ALL SECTORS HOUSEHOLDS CORPORATE BUSINESS STATE ♦ LOCAL GOVERNMENTS U. S. GOVERNMENT fURtlGN life insurance OTHER INSURANCE finance n.e.c. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 TRANSACTION DISCREPANCIES 1 2 3.591 64 -1.806 157 261 216 5.251 249 11.692 219 5.555 -79 3 4 411 46 -283 -934 124 -1 .234 444 480 -585 2.059 50 2.172 -173 2.281 1.390 1.745 5 6 7 8 -1.504 379 1.076 3.119 -1.970 664 -446 1.006 595 -770 677 653 -1.577 658 2.263 2.734 -4,804 103 8.646 6.054 -1.679 82 -1.485 6.494 264 175 1.799 2.982 -4.298 -295 3.463 1.812 MONEY AM0UNT5 ARE IN MILLIONS OF DOLLARS. TOTAL. ALL TYPES treasury cuhrency 1 2 OEMAND DEPOSIT MAIL FLOATS: u. s. government OTHER 3 4 trade credit taxes payable miscellaneous NONFINANCIAL 5 6 7 8 O' FINANCIAL ASSETS AND LIABILITIES, DECEMBER 31, 1972 (Amounts outstanding in billions of dollars) (A) All sectors Private domestic nonfinancial sectors Sector Transaction category 1 2 Households A L Business A L State and local governments A L Financial sectors Total A L Gold......................................... 4 Official foreign exchange... 5 IMF position......................... 6 Treasury currency................. 55.3 .......... 55.3 ......... Time and savings accounts f568.6 .......... At commercial banks.... 248.6 .......... At savings institutions... 319.9 .......... 20.2 .......... 20.2 .......... 14 Life insurance reserves........ 15 Pension fund reserves.......... 16 Interbank claims.................. 143.7 .... 309.2 ......... Corporate shares 2............... 967.3 ......... 17 14.6 ......... 14.6 ......... L A Security credit........................ 5.0 17.7 To brokers and dealers.. 5.0.......... 17.7 To others............................ .......... 30 Taxes payable........................ 31 Trade credit 4........................ ......... 32 Miscellaneous........................ 31.3 For notes see facing page. 226.3 ......... 226.3 ......... 8.0 ......... 2.0 ......... * .5 ......... 7.0 ......... 13.3 ......... 13.3 8.0 ......... 37.2 ......... 37.2 ......... 18 Other credit mkt. instr......... 231.5 560.1 65.9 602.8 32.5 19 U.S. Govt, securities 3... 92.2.......... 7.0 .......... 28.4 20 State & local govt, oblig.. 46.0.......... 4.2 .......... 1.9 21 Corp. & fgn. bonds......... 54.8 .......... .......... 198.3 6.2 22 Home mortgages............... 2.2 9.8 334.8 ......... 23 Other mortgages............... 27.5 23.1 ......... 195.9 24 Consumer credit............... .......... 157.6 28.6 .......... 25 “Bank loans n.e.c............... ......... 21.0 .......... 147.4 26 Other loans........................ 1.1 23.6 26.2 55.0 ......... 27 28 29 L 43.5 ......... .................... 2 .................. 5 7 Demand dep. and currency 156.5 ......... 8 Private domestic............... 156.5 .......... 9 U.S. Government.............. 10 Foreign................................ 12 13 A Total A L Federally sponsored credit agencies Monetary authority A A L L Commercial banks A L Private nonbank finance A L Discrepancies Total1 A L ......... 1 ......... 3 .2 .5 7.0 ......... ......... ......... — 1.7 3 4 5 6 60.4 .7 220.9 57.9 .7 202.5 2.2 10.9 7.6 .4 ......... 16.1 ......... 264.6 281.4 16.1 .......... 243.3 260.3 13.3 13.1 8.0 8.0 16.8 17.0 -.3 ......... 7 8 9 10 316.8 316.8 1.1 320.6 637.4 637.4 .4 ......... 316.8 316.8 .7 320.6 320.6 320.6 ......... ......... .......... 11 12 13 136.2i 143.7 143.7 275.6 309.2 309.2 49.3 49.3 ......... ......... ......... 14 15 16 59.8 ......... 17 761.8 95.5. 1905.8 1905.8 48.2 ......... 392.7 392.7 31.8 ......... 173.0 173.0 189.1 33.5 252.1 252.1 249.3 6.21 348.6 348.6 134.7 1.2! 220.2 220.2 58.3 ......... 157.6 157.6 ......... 21.2! 203.8 203.8 50.3 33.3 157.9 157.9 ......... ......... ......... ......... ......... 18 19 20 21 22 3.3 -23.4 19.0 30 31 32 Total assets............................ 2413.1 .......... 470.9 .......... 80.7 .......... 2970.7 .......... 182.1 .......... 50.9 .......... 90.4 .......... 055.0 .......... 1001.0 .......... 5130.8 97.7 .......... 1870.3 .......... Total liabilities...................... .......... 590.0 .......... 814.4 .......... 180.1 .......... 1590.5 .......... 108.2 .......... 390.4 . .. 1755.2 .......... 95.9 3910.3 55.8 .......... 018.3 .......... 985.1 3 11 U.S. Government Rest of the world 625.9 ......... 306.0 ......... 319.9 ......... 9.8 ......... 9.8 ......... ......... ......... 143.7 ......... 309.2 ......... 967.3 ......... .6 ......... .6 ......... 26.0 ......... 10.4 ......... .2......... — .1 .... 8.7......... 17.0 281.4 17.0 260.3 13.1 ......... 8.0 235.0 ......... ......... ......... ......... 6.0 34.3 32.2 19.4 14.0 19.4 18.1 ......... 2.7 10.9 ......... .......... 4.0 3.4 5.0 ......... 4.6 .3 58.3 135.4 43.3 >14.9 .6 ......... 59.8 5.0 17.7 .4 .4 5.0 ......... .4 ......... ......... 17.7 .................... 4 7.3 98.2 .... 7.5 ......... 136.2 33.5 .. . . 275.6 49.3 49.3 61.6 344.7 1453.3 158.0 * 343.3 210.6 49.4 120.9 .......... 194.8 37.6 5.1 1.3 331.5 6.2 4.2 ......... 188.5 1.2 129.0 ......... 203.8 24.1 74.2 39.5 52.3 ......... 6.7 26.8 .2 ......... ......... .2 ......... ......... 55.9 .2 .5 8.7 ......... ......... ......... ... . 1.1 637.4 .4 316.8 .7 320.6 178.6 329.9 1341.5 61.0 61.7 ......... 127.6 ......... 54.4 ......... 173.0 52.1 173.0 2.4 16.2 54.8 198.3 ......... 12.0 341.0 27.5 219.0 28.6 157.6 11.2 ......... 168.4 ......... 5.5 27.3 84.2 4.1 34.3 .......... 14.0 2.5 14.0 2.5......... 6.2 215.2 183.1 ......... 7.5 215.2 196.9 6.0 114.4 14.5 145.7 20.5 10.4 .2 — .1 8.7 54.3 1.3 49.4 49.4 71.2 ......... 71.1 ......... 25.2 ......... 11.4 ......... 16.4 ......... .1......... 566.1 90.0 89.1 5.7 57.0 42.3 70.6 203.8 7.5 13.1 ......... ......... 4.1 ......... ......... ......... 2.9 6.1 234.4 59.8i 1228.3 13.6 19.4 18.5 . 19.4 14.0 ......... ......... 13.6 ......... 4.5 ......... 2.5 37.5 19.4 18.1 37.5 19.4 18.1 .....................2 .....................7 ......... 1.8 13.4 16.7 5.0 ......... 230.9 207.5 1.0 25.8 51.8 30.0 76.1 235.4 254.4 6.4 ......... FINANCIAL ASSETS AND LIABILITIES, December 31, 1972—Continued (Amounts outstanding in billions of dollars) (B) Private nonbank financial institution Sector Transaction category Savings and loan assns. Total A L A Mutual savings banks L A L A L 1 2 Total assets................................... 1061.9 ......... 243.6 21.7 100.6 Total liabilities.............................. ......... 985.1 ......... 228.2 ......... 93.6 ......... 3 4 5 6 Demand deposits and currency Time and savings accounts.... At commercial banks............. At savings institutions........... 7 8 Life insurance reserves............... ......... Pension fund reserves................. ......... 136.2 275.6 9 Corporate shares3...................... 234.4 59.8 16.1 1.1 .4 .7 ......... 1.3 ......... 2.8 ......... 320.6 ......... 207.3 .4 91.6 ......... .4 ......... 91.6 320.6 ......... 207.3 ......... 10 11 12 13 14 15 16 17 18 Other credit mkt. instr............... 761.8 95.5 230.6 16.1 U.S. Govt, securities......... 48.2 ......... 21.8 ....... State & local govt. secs... 31.8 ......... Corp, and fgn. bonds......... 189.1 33.5 Home mortgages.................. 249.3 6.2 167.6 6.2 Other mortgages................. 134.7 1.2 38.8 . Consumer credit.................. 58.3 ......... 2.4 ......... Bank loans n.e.c.................. ......... 21.2 ......... 1.9 Other loans.......................... 50.3 33.3 .... 80 19 20 21 Security credit.............................. 13.6 19.4 To brokers and dealers......... ......... 19.4 Other.......................................... 13.6 ......... 22 Taxes payable.............................. ......... 1.8 .................... 3 23 Trade credit.................................. 5.0 ......... 24 Miscellaneous.............................. 30.0 76.1 10.2 4.6 L 231 8 21.7 1.0 ......... .7 21.7 .7 A L 1.8 ......... 26.4 20.0 ... . 2.2......... .9......... .... A L Real estate Investment Trusts Finance cos. A L 41.8 .5 ......... 1.6 ......... L A 11 7 78 0 64 6 71.8 152.3 ......... 111.8 34.1......... 3.7 ......... 192.4 3.8 3.3 86.8 . 22.5 27.4 3.0 Open-end investment cos. Security brokers and dealers A A L 59 8 9.1 70.9 59 8 .9 ......... 3.2 ......... L 26.1 ......... 19.6 2 1.1 ......... 16.9 ......... 21 2 ......... ......... ......... ......... 3 4 5 6 7 8 71.8 14.2 ......... 57.1 5.1 1.7 43.4 7.0 54 9 1.5 L Other insurance cos. 21.7 3.6 .... .. . .. .. .. A 71 8 152 3 152.3 ......... 216.3 .. . 1.9 ... 51.7 20.5 ......... 8.8 ......... 74.8 70.6 10.6 ......... ......... 1.4 32.1 ......... ......... ......... 11.1 ......... 2.6 ......... 8.0 1.2 .2 37.5 ......... 3.0 ......... 16.4 ......... 3.2 26.1 22.1 ......... 37.5 3.5 25.0 8.8 59.8 7.2 ......... .7 ......... 5.1 ......... 1.4......... 6.2 ......... 5.1 2.0 .9 2.2 ......... ......... ......... ......... 9 10 11 12 13 14 15 16 17 18 13.6 19.4 19 ......... 19.4 20 13.6 ......... 21 3.0 2.0 ......... .8 11.1 27.7 1 Where no amount appears in tota-asset column, total assets are identically equal to amount shown for total liabilities. 2 Assets shown at market value; nonbank finance liability is redemption value of shares of openend investment companies. No specific liability is attributed to issuers of stocks other than openend investment companies for amounts outstanding. 3 Includes savings bonds, other nonmarketable debt held by the public, issues by agencies in the A 136.2 51 6 ....... 92.3 5.5 .9 15.4 41.7 25.9 1.5 State and local govt, retirement funds Private pension funds Life insurance cos. Credit unions 4.6 ......... .....................3 .....................3 5.0 ......... ......... 41.5 1.1 .3 .................... 2 22 23 24 budget (CCC, Export-Import Bank, GNMA, TVA, FHA) and by sponsored credit agencies in Financial sectors, and loan participation certificates. Postal savings system deposits are included in line 32. 4 Business asset is corporate only. Noncorporate trade credit is deducted in liability total to con form to quarterly flow tables. AUGUST. 1973 CREDIT M(ukft DEBT credit market debt CREDIT MARKET DERT OWED BY NONFINANCIAL SECTORS YEAR-FNl) OUTSTANOINRS. 1945-54 YEAR-END OUTSTANDINGS* 1945 I TOTAL CREDIT MARKET DEBT OUTSTANDING 355.391 OwED by nonfinancial SFCI.ORS 2 U. S. GOVERNMENT PUBLIC DEBT SECURITIES 3 4 BUDGET AGENCY SECURITIES 5 ALL OTHER NONFIN. SECTORS DEHT CAPITAL INSTRUMENTS 6 S. ♦ L. GOVT. SECURITIES 7 8 CORPORATE ♦ FOREIGN RON'S 9 '-’ORTbAGES HOME MORTGAGES 10 OTHER RESIDENTIAL 11 COMMERCIAI MORTGAGES 12 FARM MORTGAGES 13 14 15 16 17 18 19 20 21 22 23 24 25 26 other private credit RANK LOANS N.E.C. CONSUMER CRFDIT open-market paper OTHER BY BORROWING SECTORFOREIGN S. ♦ 1 . governments HOUSEHOLDS NONFINANCIAL BUSINESS FARM NONFARM NONCORPORATE CORPORATE 1952 1953 1954 379.641 396.116 418.644 442.416 472.599 501.839 527.854 1 220.802 220.734 68 215.093 214.178 915 217.670 216.666 1.004 216.461 216.109 382 216.053 215.808 245 220.937 220.311 626 227,982 225.729 2.253 230.403 228.065 2.338 2 3 4 103.909 76.785 14.818 26.440 35.527 18.582 5.737 6.448 4.760 122.201 83.844 14.886 27.308 41.650 22.925 6.085 7.743 4.897 145.264 95.178 16.298 30.152 48.728 28.010 6.602 9.05? 5.064 164.548 108.729 18.467 34.295 55.967 33.048 7.477 10.154 5.288 178.446 120.820 21.049 37.368 62,403 37.346 8.644 10.834 5.579 202,153 134.303 24.381 37,426 72.496 44,854 10.116 11.455 6.071 226.363 150.755 26.559 42.284 81.912 51.350 11.457 12.454 6.651 251.662 167.971 30.243 46.830 90.898 58.008 12.296 13.358 7.236 273.857 185.332 34.512 50.072 100.748 65.552 12.936 14.523 7.737 297.451 207.183 40.594 53.707 112.882 74.888 13.480 16.268 8.246 5 6 7 8 9 10 11 12 13 27.124 12.241 5.665 249 8.969 38.357 17.247 8.384 364 12.362 50.086 21.289 11.598 433 16.766 55.819 22.406 14.447 425 18.541 57.626 20.429 17.364 434 19.369 67.850 25.434 21.471 601 20.344 75.608 30.409 22.712 759 21.728 83.691 32.083 27.520 823 23.265 88.525 31.133 31.393 975 25.024 90.268 31.492 32.464 1.404 24.908 14 15 16 17 18 103.909 5.062 15.323 27.048 56.476 6.593 6.025 43.858 122.201 7.994 15.370 34.165 64.672 6.956 8.228 49.488 145.264 12.453 16.801 41.991 74.019 7.424 9.613 56.982 164.548 13.593 19.040 SO.727 81.188 8.082 10.191 62.915 178.446 14.164 21.537 58.594 84.121 8.474 10.888 64.759 202.153 12.662 24.936 71.932 92.623 9.532 12.546 70.545 226.363 14.595 27.375 81.461 102.932 10.819 13.553 78.560 251.662 14.858 31.381 93.816 111.607 11.609 14.489 85.509 273.857 16.006 35.286 106.313 116.252 11.509 15.015 89.728 297.451 16.384 41.033 117.366 122.668 12.281 15.844 94.543 19 20 21 22 23 24 25 26 YEAR-END OUTSTANDINGS. 1956 1957 1958 1959 I960 1961 1962 1963 1955-64 1964 591.129 619.221 658.625 708.801 745.010 789.025 842.555 900.592 967.498 1 229.615 228.004 1.611 223.817 222.461 1 .356 221.578 219.803 1.775 230.89? 228.762 2.130 237.981 236.185 1.796 235.930 233.9R0 1.940 243.141 240.672 2.469 250.158 246.886 3.272 254.137 250.974 3.163 260,410 256.362 4.048 2 3 334.150 231.177 45.870 56.328 128.979 B7.337 14.305 18.316 9.021 367.312 253.187 49.461 60.161 143.565 9R.114 14.879 20.737 9.835 397.643 276.207 53.708 66.932 155.567 106.665 15.330 23.175 10.397 427.733 302.707 59.206 73.427 170.074 115.994 16.848 26.123 11.109 470.820 330.874 65.486 76.710 188.678 128.714 18.668 29.195 12.101 509.080 356.109 70.766 80.936 204.407 138.849 20.349 32.371 12.898 545.884 385.162 75.851 86.107 223.204 149.970 22.963 36.354 13.917 5Q2.397 417.751 81.209 91.655 244.887 162.749 25.799 41.146 15.193 646.455 453.444 86.932 96.568 269.944 177.863 29,042 46.217 16.822 707.088 490.598 92,933 101.604 296.061 193.512 33.565 50.042 18.942 5 6 7 8 9 10 11 12 13 102.973 37.133 38,830 1.004 26.006 114.125 43.582 42.334 1.345 26.864 121.436 45.680 44.971 1 .729 29.056 125.026 47.221 45.129 1.852 30.824 139.946 53.387 51.544 1.466 33.549 152.971 56.814 56.141 2.796 37.220 160.722 59.657 57.982 3.777 39.306 174.646 64.378 63.821 3.848 42.599 193.011 70.656 71.739 3.858 46.758 216.490 79.764 80.268 4.510 51.948 14 15 16 17 18 334.150 16.533 46.321 137.101 134.195 13.722 17.575 102.898 367.312 17.287 49.980 153.213 146.832 14.581 18.692 113.559 397.643 18.660 54.378 166.088 158.517 15.638 19.650 123.229 427.733 20.540 60.056 177.099 170.038 17.002 21.164 131.872 470.820 21.175 66.521 198.554 184.570 18.934 23.486 142.150 509.080 23.1S4 72.006 216.286 197.634 19.965 25.076 152.593 545.884 25.401 77.317 231.585 211.581 21.558 27.375 162.648 592.397 27.698 83.179 252.379 229.141 23.856 30.591 174.694 646.455 30.876 89.135 277.135 249.309 26.406 35.128 187.775 707.088 36.644 95.397 304.955 270.092 29.009 40.421 200.662 19 20 21 22 23 24 25 26 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS 1951 366.066 TOTAL CREDIT MARKET DEBT OUTSTANDING OWED BY NONFINANCIAL SFCTORS 563.765 5 ALL OTHER NONFIN. SECTORS debt capital instruments 6 7 b. + L. GOVT. SECURITIES CORPORATE ♦ FOREIGN BONDS 8 9 mortgages 10 HOME MORTGAGES OTHER RESIDENTIAL 11 12 COMMERCIAL MORTGAGES EAHM MORTGAGES 13 19 20 21 22 23 24 25 26 1950 1955-64 2 u. s. government PUBLIC DEHT SECURITIES 3 4 BUDGET AGENCY SECURITIES 14 15 16 17 18 1949 350.234 1955 1 1948 228.033 227.928 105 BANK LOANS N.E.C. CONSUMER CRFDIT OPFN-MARKET papfr OTHER YEAR-END OUTSTANDINGS* 1947 251.482 251.174 308 other PRIVATE CREDIT BY BORROWING SECTOR— FORFIGN S. ♦ L. governments HOUSEHOLDS NONFINANCIAL BUSINESS FARM NONFARM NONCORPORATE CORPORATE 1946 1945-54 4 AUGUST* 1973 CREDIT MARKET DEBT CREDIT 'MARKET OEBT CREDIT MARKET DEBT OWED BY NONFINANCIAL SECTORS YEAR-END OUTSTANDINGS* 1965 1 1965-72 1966 1967 YEAR-END OUTSTANDINGS* 1968 1969 1970 1037.588 1102.800 1181.622 1276.882 1363.884 1456.800 1971 1972 1591.410 1747.826 327.370 316.867 10.503 344.687 330.786 13.901 2 3 4 262.178 257.663 4.515 265.811 260.003 5.808 278.816 268.916 9.900 292.214 279.235 12.979 5 6 7 8 9 10 ll 12 13 775.410 529.952 100.278 107.965 321.709 208.894 37.183 54.457 21.175 836.989 568.856 105.925 118.567 344.364 220.592 40.307 60.148 23.317 902.806 613.432 113.703 133.461 366.268 232.083 43.910 64.824 25.451 984.668 1075.316 1155.430 1264.040 1403.139 663.689 713.289 947.490 771.543 854.531 123.219 161.099 173.029 133.146 144.473 200.717 159.268 147.277 214.460 180.466 446.604 492.715 393.193 420.875 560.001 247.138 275.599 301.336 340.993 262,794 47.280 52.019 66.616 57.843 76.883 71.256 81.926 91.905 106,687 76.601 27.519 31.236 32.858 35.438 29.461 14 15 16 17 18 245.458 93.834 89.883 4.189 57.552 268.133 104.579 96.238 5.225 62.091 289.374 114.078 100.783 7.351 67.162 320.979 127.205 110.770 8.972 74.032 19 20 21 22 23 24 25 26 775.410 39.396 103.055 333.286 299.673 32,299 46.195 221.179 836.989 40.161 109.329 354.762 332.737 35.769 51.565 245.403 902.806 43.098 117.282 373.806 368.620 39.249 56.521 272.850 984.668 1075.316 1155.430 1264.040 1403.139 45.796 47.629 51.078 57.296 61.682 127.212 137.885 149.289 166.280 178.555 403.767 435.840 458.752 496.761 560.077 407.893 496.311 453.962 543.703 602.825 41.907 52.041 56.898 45.083 48.332 62.079 69.460 83.418 93.798 74.722 339.419 408.244 373.257 303.907 452.129 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS 79 288.568 277.958 10.610 362.027 142.538 121.146 12.306 86.037 301.370 290.844 10.526 383.887 148.785 127.163 16.071 91.868 409.509 158.099 138.394 15.177 97.839 455.649 179.619 157.564 13.612 104.854 1973 1965-72 1974 TOTAL CREDIT MARKET DEBT OUTSTANDING OWED BY NONFINANCIAL SECTORS U. S. government PUBLIC DEBT SECURITIES BUDGET AGENCY SECURITIES ALL OTHER NONFIN. SECTORS DEBT CAPITAL INSTRUMENTS S. ♦ L. GOVT. SECURITIES CORPORATE ♦ FOREIGN BONDS MORTGAGES HOME MORTGAGES OTHER RESIDENTIAL COMMERCIAL MORTGAGES FARM MORTGAGES OTHER PRIVATE CREDIT BANK LOANS N.E.C. CONSUMER CREDIT OPEN-MARKET paper OTHER BY BORROWING SECTOR— FOREIGN S. ♦ L. GOVERNMENTS HOUSEHOLDS NONFINANCIAL BUSINESS FARM NONFARM NONCORPORATE CORPORATE 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 AUGUST* 1973 CREDIT MARKET SUPPLY OF FUNDS CREDIT MARKET SUPPLY OF FUNDS 80 DIRECT AND INDIRECT SOURCES OF FUNDS TO CREDIT MARKETS YEAR-END OUTSTANDINGS. 1945-54 YEAR-tND OUTSTANDINGS* 1945 1 TOTAL CREDIT MARKET DEBT CLAIMS AGAINST NONFINANCIAL SECTORS 355.391 1946 1947 1948 1949 1950 1951 1952 1953 1945-54 1954 350.234 366.066 379.641 396.116 418.644 442.416 472.599 501.839 527.854 1 34.689 27.187 902 205 6.395 36.056 25.557 672 301 9.526 38.928 24.045 631 432 13.820 42.002 25.385 718 509 15.390 39.065 21.202 1.204 427 16.232 43.309 24.213 1.508 810 16.778 48,068 27.216 2.123 911 17.818 51.727 29.247 2.597 864 19.019 55.569 31.039 2.954 952 20.624 55.069 30.561 3.038 867 20.603 2 3 4 5 6 5.211 2.048 24.311 3.119 873 8.293 2.127 23.498 2.138 1.168 12.577 2*322 22.611 1.418 1.284 13.949 2.679 23.524 1.850 1.559 15.273 2.647 18.957 2.188 1.447 15.976 3.107 20.781 3.445 1.828 17.274 3.524 23.806 3.464 2.055 18.762 3.647 24.732 4.586 2.102 20.724 3.708 25.932 5.205 2.099 20.404 4.024 25.067 5.574 2.064 7 8 9 10 11 321.575 225.168 14.818 25.937 23.417 32.440 205 315.346 203.644 14.886 27.079 28.338 41.700 301 328.422 198.041 16.298 29.959 33.981 50.515 432 339.198 191.267 18.467 34.157 39.807 56.009 509 358.498 197.915 21.049 37.191 44.786 57.984 427 377.163 194.106 24.381 37.245 53.462 68.779 810 396.403 190.892 26.559 42.095 60,684 77.084 911 422.974 193.792 30.243 46.603 67.707 85.493 864 448.369 199.042 34.512 49.803 75.534 90.430 952 474.849 201.906 40.594 53.495 85.330 94.391 867 12 13 14 15 16 17 18 197.127 117.793 23.996 48.792 6.546 197.911 111.470 26.925 53.385 6.131 208.254 114.690 29.485 57.998 6.081 215.793 112.935 31.737 63.478 7.643 230.494 118.804 34.247 68.759 8.684 247.620 125.328 37.518 74.764 10.010 263.250 131.986 40.489 80.545 10.230 286.919 140.615 45.467 88.094 12.743 306.884 144.314 51.278 96.712 14.580 332.108 153.832 57,735 105,144 15.397 19 20 21 22 23 197.127 123.228 860 197.911 136.747 1.636 208.254 144.093 2.449 215.793 144.689 3.597 230.494 147,733 4.482 247.620 155.315 6.296 263.250 166.230 6.845 286.919 177.351 8.218 306.884 186.847 9.887 332.108 200.845 10.419 24 25 26 73.039 4.767 24.510 42.807 955 59.528 4.226 2.989 46.270 6.043 61.712 3.828 1.343 49.977 6.564 67.507 4.509 2.338 54.100 6.560 78.279 4.803 3.071 58.143 12.262 86.009 5.415 2.806 63.009 14.779 90.175 5.252 3.359 68.037 13.527 101.350 5.778 4.941 74.091 16.540 110.150 5.858 4.146 80.767 19.379 120.844 6.700 4.172 87.109 22.863 27 28 29 30 31 HOLDINGS BY PUBLIC AGENCIES ♦ FOREIGN 2 TOTAL HELD 3 U.S. GOVT. SECURITIES residential mortgages 4 5 FHLB AOVANCFS TO S*L'S OTHER LOANS ♦ SECURITIES 6 BY AGENCY— U.S. GOVERNMENT 7 8 SPONSORED CREDIT AGENCIES 9 FEDERAL RESFRVE FOREIGN 10 AGENCY DEBT NOT IN LINE 1 11 PRIVATE DOMESTIC HOLDINGS 12 total private holdings U.S. GOVT. SECURITIES 13 MUNICIPAL SECURITIES 14 CORPORATE ♦ FOREIGN BONDS 15 RESIDENTIAL mortgages 16 OTHER MOHTGagES ♦ LOANS 17 LESS—FHLB ADVANCES 18 PRIVATE FINANCIAL INTERMEDIATION-----CREDIT MARKET CLAIMS MELD BY PRIVATE 19 20 21 22 23 financial institutions COMMERCIAL ranking SAVINGS INSTITUTIONS INSURANCE ♦ PENSION FUNDS OTHER FINANCE 24 SOURCES OF FUNDS 25 PRIVATE DOMESTIC DEPOSITS CREDIT MARKET DEBT 26 27 28 29 30 31 OTHER SOUHCES foreign funds TREASURY BALANCES INSURANCE ♦ PENSION RES. OTHER* NET PRIVATE DOMESTIC NONFINANCIAL INVESTORS------ 32 CREDIT MARKET CLAIMS U.S. GOVT. SECURITIES 33 34 MUNICIPAL SECURITIES 35 CORPORATE ♦ FGN. BONOS 36 COMMERCIAL PAPER OTHER 37 125.308 92.051 8.368 9.738 7 15.144 119,071 84.559 8.071 8.816 55 17.570 122.617 85.884 8.511 8.170 146 19.906 127.002 87.190 9.639 7.878 272 22.023 132.48b 90.169 10.676 7.717 406 23.518 135.839 93.172 11.675 5.099 360 25.533 139.998 93.576 12.234 6.442 438 27.308 144,273 93.834 14.294 6.262 578 29.305 151.372 96.981 16.491 6.119 965 30.816 153.160 94.450 19.147 6.093 1.021 32.449 32 33 34 35 36 37 38 DEPOSITS ♦ CURRENCY TIME ♦ SAVINGS ACCOUNTS 39 LARGE NEGOTIABLE CO’S 40 41 OTHER AT COMMERCIAL BANKS AT SAVINGS INSTITUTIONS 42 149.874 51.544 0 28.594 22.950 163.653 58.036 0 32.368 25.668 170.745 61.642 0 33.716 27.926 170.935 64.175 0 34.270 29.905 173.318 66.995 0 34.564 32.431 180.882 69.586 0 34.719 34.867 192.739 74.606 0 36.636 37.970 205.031 82.520 0 39.508 43.012 215.116 91.132 0 42.355 48.777 228.885 101.068 0 45.639 55.429 38 39 40 41 42 98.330 71.684 26.646 105,617 78.711 26.906 109.103 82.451 26.652 106.760 80.514 26.246 106.323 80.738 25.585 111.296 85.729 25.567 118.133 91.624 26.509 122.511 94.831 27.680 123.984 95.715 28.269 127.817 99.777 28.040 43 44 45 275.182 282,724 293.362 297.937 305.804 316.721 332.737 349.304 366.488 382.045 46 9.760 61.300 7.886 10.294 62.759 6.364 10.634 63.410 5.246 11.063 63.618 6.359 9.862 64.294 6.991 10.345 65.653 8.860 10.864 66.409 8.716 10.945 67.833 10.364 11.073 68.444 11.063 10.432 69.939 12.274 47 48 49 43 44 45 46 MONEY DEMAND DEPOSITS CURRENCY TOTAL OF CREDIT MARKET INPTH.* DEPOSITS ♦ CURRENCY 47 PUBLIC SUPPORI RATE (%) 48 PVT,FIN.1NTERm?DIATION <%) 49 total foreign funds corporate equities not included above 1 TOTAL MARKET VALUE MUTUAL FUND SHARES 2 OTHER EQUITIFS 3 119.000 1.264 117.736 111.000 1.297 109.703 109.000 1.412 107.588 108.000 1.515 106.485 120.000 3.070 116.930 146.000 3.344 142.656 170.000 3.481 166.519 186.000 3.931 182.0B9 179.005 4.146 174.859 258.001 6.109 251.892 1 2 3 4 ACQ. BY FINANCIAL INST. 5 OTHER HOLDINGS 4.629 114.371 4.820 106.180 5.169 103.831 5.457 102.543 7.963 112.037 9.311 136.689 10.184 159.81b 11.875 174.1?5 12.952 166.053 17.751 240.250 4 5 MONEY AMOUNTS ARF IN MILLIONS OF DOLLARS. AUGUST* 1973 credit MARKET SUPPLY OF FUNDS CREDIT MARKET SUPPLY OF FUNDS 81 DIRECT AND INDIRECT SOURCES OF FUNDS TO CREDIT MARKETS YEAR-END OUTSTANDINGS. 1955 1 563.765 YEaR-END 1955-64 195b 591.129 1957 619.221 1958 658.625 1959 708.801 1960 745.010 1961 789.025 1962 842.555 1963 900.592 OUTSTANDINGS. 1955-64 1964 TOTAL CREDIT MARKET DEBT CLAIMS AGAINST 967,498 NONFINANCIAL SECTORS 1 HOLDINGS BY PUBLIC AGENCIES ♦ FOREIGN 2 3 4 5 6 57.482 31.619 3.398 1.417 21.048 60.483 32.849 3.960 1.228 22.446 62.284 32.268 5.156 1.265 23.595 66.211 34.557 5.265 1.298 25.091 73.579 37.975 7.160 2.134 26.310 77.761 39.438 8.162 1.981 28.180 82.406 41.329 8.419 2.662 29.996 89.840 44.932 8.509 3.479 32.920 96.335 48.736 7.235 4.784 35.580 104.069 52.229 7.052 5.325 39.463 7 8 9 10 11 21.091 5.040 24.815 6.536 3.071 21.741 6.066 25.010 7.666 3.809 22.375 7.365 24.309 8.235 4.929 23.858 7.684 26.413 8.256 4.985 25.677 9.908 26.728 11.266 7.259 26.710 11.095 27.466 12.490 7.897 28.335 12.128 28.947 12.996 8.578 30.801 13.744 30.931 14.364 10.077 32.201 15.298 33.787 15.049 11.524 34.940 16.034 37.168 15.927 12.068 12 13 14 15 16 17 18 509.354 201.001 45.870 56.069 98.244 109.587 1.417 534.455 194.416 49.461 59.852 ]09.033 122.921 1.228 561.866 194.062 53.708 66.515 116.935 131.911 1.265 597.399 200.728 59.206 72.972 128.109 137.682 1.298 642.481 206.279 65.486 76.176 141.069 155.605 2.134 675.146 203.100 70.766 80.288 152.288 170.685 1.981 715.197 208.812 75.851 85.469 165.988 181.739 2.662 762.792 213.480 81.209 90.998 181.773 198.811 3.479 815.781 215.129 86.932 95.866 201.466 221.172 4.784 875.497 218.292 92.933 100.682 221.851 247.064 5.325 TOTAL held U.S. GOVT. SECURITIES RESIDENTIAL MORTGAGES FHLB ADVANCES TO S*L'S OTHER LOANS ♦ SECURITIES BY' AGENCY — U.S. GOVERNMENT SPONSORED CREDIT AGENCIES FEDERAL RESERVE FOREIGN AGENCY DEBT NOT IN LINE 1 2 3 4 5 6 7 8 9 10 11 PRIVATE DOMtSTlt HOLDINGS total private holdings U.s. GOVT. SECURITIES MUNICIPAL SECURITIES CORPORATE ♦ FOREIGN BONDS RESIDENTIAL MORTGAGES OTHER MORTGAGES ♦ LOANS LESS—FHLB ADVANCES 12 13 14 15 16 17 18 PRIVATE FINANCIAL INTERMEDIATION------ 19 20 21 22 23 356.836 158.188 65.864 113.630 19.154 378.564 163.610 73.168 121.957 19.829 401.513 168.654 80.357 130.984 21.518 434.431 183.687 89.362 140.192 21.190 463.352 188.501 99.783 150.144 24.924 495,775 197.636 109.268 159.776 29.095 534.253 212.914 121.117 169.749 30.473 582.298 231.927 135.130 180.975 34.266 632.584 249.504 152.494 192.720 37,866 CREDIT MARKET CLAIMS HELD BY PRIVATE 689.467 FINANCIAL INSTITUTIONS 272.227 COMMERCIAL BANKING 168.677 SAVINGS INSTITUTIONS 205.462 INSURANCE ♦ PENSION FUNDS 43.101 other finance 24 25 26 356.836 211.700 15.052 V8.564 222.680 15.470 401.513 233.815 16.654 434.431 254.156 16.325 463.352 265.810 20.142 495.775 281.658 22.907 534.253 305.145 24.883 582.298 335.534 28.780 632.584 366.632 34.980 689.467 401.544 40.572 27 28 29 30 31 130.084 6.519 3.709 93.954 25.902 140.414 6.961 3.733 101.473 28.247 151.044 6.991 3.898 109.400 30.755 163.950 7.966 4.250 116.680 35.054 177.400 7.306 5.050 125.284 39.760 191.210 8.484 5.945 133.385 43.396 204.225 9.779 5.946 140.870 47.630 217.984 10.303 7.158 150.009 50.514 230.972 11.792 6.548 159.618 53.014 247.351 14.257 6.510 170.542 56.042 32 33 34 35 36 37 167.570 101.942 22.885 7.074 1.117 34.552 171.361 99.760 25.360 7.937 1.259 37.045 177.007 99.785 27.258 9.003 1.373 39,588 179.293 96.777 28.688 10.225 1.108 42.495 199.271 109.874 32.674 10.225 906 45.592 202.278 104.589 35.913 11.029 2.571 48.176 205.827 103.408 37.152 11.275 3.046 50.946 209.274 104.931 36.255 11.157 3.795 53.136 218.177 109.416 38.091 11.166 4.649 54.855 226,602 110.537 40.519 11.817 6.885 56.844 credit market claims 38 39 40 41 42 240.176 109.663 0 47.124 62.539 251.209 119.291 0 49.468 69.823 262.314 131.801 0 55.064 76.737 283.100 147.563 0 62.085 85.478 295.389 158.518 0 64.846 93.672 311.181 173.696 1.095 69.282 103.319 335.374 194.171 3.123 76.554 114.494 366.353 222.329 5.804 88.973 127.552 400.065 251.037 9.210 99.153 142.674 436.631 280.124 11.443 110.233 158.448 DEPOSITS ♦ CURRENCY TIME ♦ SAVINGS ACCOUNTS LARGE NEGOTIABLE CD’S OTHER AT COMMERCIAL BANKS AT SAVINGS INSTITUTIONS 43 44 45 130.513 102.037 28.476 131.918 103.389 28.529 130.513 102.014 28.499 135.537 106.593 28.944 136.871 107.292 29.579 137.485 107.962 29.523 141.203 110.974 30.229 144.024 113.205 30.819 149.028 115.595 33.433 156.507 121.420 35.087 46 407.746 422.570 439.321 462.393 494.660 513.459 541.201 575.627 618.242 663.233 47 48 49 10,196 70.056 13.055 10.231 70.831 14.627 10.058 71.460 15.226 10.052 72.720 16.222 10.380 72.119 18.572 10.437 73.432 20.974 10.444 74.700 22.775 10.662 76.337 24.667 10.696 77.543 26.841 10.756 78.751 30.184 SOURCES OF FUNDS PRIVATE DOMESTIC DEPOSITS CREDIT MARKET DEBT otheh sources • FOREIGN FUNDS TREASURY BALANCES INSURANCE ♦ PENSION RES, OTHER. NET 19 20 21 22 23 24 25 26 27 28 29 30 31 PRIVATE DOMESTIC NONFINANCIAL INVESTORS------ CORPORATE EUUITItS NOT U.S. GOVT. SECURITIES MUNICIPAL SECURITIES CORPORATE ♦ FGN. BONDS COMMERCIAL PAPER OTHER money DEMAND DFPOSITS CURRENCY 43 44 45 46 PUBLIC support rate (%) PVT.FIN .INTERMEDIATION («) total foreign FUNDS 47 48 49 INCLUDED ABOVE 317.012 7.838 309.174 337.994 9.046 328.948 299.003 8.714 290.289 417.977 13.241 404.736 453.988 15,818 438.170 450.998 17.026 433.972 573.996 22.875 551.121 505.685 21.271 484.414 597.021 25.214 571.807 662.116 29.116 633.000 total market value 4 5 23.752 293.260 25.643 312.351 25.250 273.753 35.740 382.237 41.946 412.042 45.669 405.329 60.440 513.556 57.508 448.177 70.004 527,017 82.251 579.865 ACQ. BY FINANCIAL INST. OTHER HOLDINGS 38 39 40 41 42 TOTAL OF CREDIT MARKET INSTR. , DEPOSITS ♦ CURRENCY 1 2 3 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. 32 33 34 35 36 37 MUTUAL FUND SHARES OTHER tuUlTIES 1 2 3 4 5 AUGUST* 1973 CREUIT MARKET SUPPLY OF FUNDS credit mahket supply of funds 82 DIRECT AND INDIRECT SOURCES OF FUNDS TO CREDIT MARKETS YEAR-END OUTSTANDINGS, 1965-72 YEAR-END OUTSTANDINGS, 1965 1 1966 TOTAL CREDIT MARKET DEBT CLAIMS AGAINST NONFINANCIAL SECTORS 1037.588 1102.800 196/ 19bH 11b1.622 1276.882 1969 1970 1971 19/2 1973 1965-72 1974 1363.884 1456.800 1591.410 1747.826 1 HOLDINGS BY PUBLIC AGENCIES ♦ FOREIGN 2 TOTAL HELD U.S. GOVT. SECURITIES 3 4 residential mortgages FHLB ADVANCES TO S*L’S 5 OTHER LOANS ♦ SECURITIES 6 BY AGENCY — u.s. government 7 SPONSORED CREOIT AGENCIES 8 9 federal reserve FOREIGN 10 AGENCY DEWT NOT IN LINE 1 11 112.626 55.936 7.445 5.997 43.448 124.187 59.330 10.221 6.935 47.701 135.194 66.139 12.284 4.386 52.385 146.772 69.520 15.095 5.259 56.898 161.629 70.379 19.727 9.289 62.234 190.0«2 86.105 25.452 10.615 67.910 231.044 119.522 31.108 Z.936 72.478 248.061 126.850 36.336 7.979 76.896 2 3 4 5 6 37.672 18.265 40.996 15.893 14.182 42.049 23.382 44.475 14.281 19.007 46.551 23.289 49.276 16.078 18.386 51.135 26.530 52.995 16.112 21.862 53.999 35.562 57.218 14.850 30.645 56.736 45.442 62.199 25.705 38.879 59.293 48.244 71.047 52.460 43.175 61.618 54.257 71.231 60.955 49.357 7 8 9 10 11 1305.597 1403.541 1549.122 252.646 249.597 265.854 161.099 144.473 173.029 178.799 212.026 198.438 309.488 338.270 382.880 430.806 523.312 464.073 10.615 7.936 7.979 12 13 14 15 16 17 18 PRIVATE DOMESTIC HOLDINGS 12 TOTAL PRIVATt HOLDINGS U.S. GOVT. SECURITIES 13 MUNICIPAL SECURITIES 1* CORPORATE ♦ FOREIGN BONDS 15 residential mortgages 16 OTHER MORTGAGES ♦ LOANS 17 LESS—FHLB ADVANCES 18 93R.944 218.243 100.278 107.281 240.477 278.662 5.997 997.620 1064.814 223.602 229.307 105.925 113.703 132.533 117.310 265.429 252.461 305.257 328.228 6.935 4.386 752.347 300.938 183.013 219.062 49.334 796.916 317.253 191.311 234.558 53.794 860.339 353.122 206.209 247.521 53.487 935.524 391.863 221.653 261.570 60.438 991.473 1066.242 1177.665 1327.856 566.052 445.749 496.341 410.681 34'2.926 252.816 294.267 236.046 291.124 305.185 273.852 321.182 81.872 97.696 70.894 7b.553 19 20 21 22 23 Z52.347 439.895 48.492 796.916 461.195 51.655 860.339 511.038 51.262 935.524 556.875 59.713 991.473 1066.242 1177.665 1327.8^6 811.430 713,602 559.557 622.781 78.887 88.135 108.599 79.243 24 25 26 263.960 15.044 5.525 181.472 61.919 284.066 18.699 4.992 195.749 64.626 298.039 20.970 5.234 206.454 65.381 318.936 23.573 5.010 216.868 73.485 352.673 32.906 5.054 228.462 86.251 364.574 24.451 7.938 241.864 90.321 375.928 21.213 10.169 250.022 94.524 407,827 26.286 10.875 259.528 111.138 27 28 29 30 31 1151.972 1232.900 247.261 242.619 123.219 133.146 158.857 146.423 296.659 280.977 363.993 406.266 9.289 5.259 PRIVATE FINANCIAL INTERMEDIATION-----CREDIT MARKET CLAIMS HELD BY PRIVATE 19 20 21 22 23 financial Institutions commercial hanking savings institutions INSURANCE ♦ PENSION FUNDS OTHER FINANCE 2* SOURCES OF FUNDS 25 PRIVATE DOMESTIC DEPOSITS CREDIT MARKET DEBT 26 27 26 29 30 31 OTHER SOURCES FOREIGN FUNDS TREASURY BALANCES INSURANCE ♦ PENSION RES. OTHER* NET PRIVATE DOMESTIC NONFINANCIAL INVESTORS------ 32 CREDIT MAHKET CLAIMS U.S. GOVT. SECURITIES 33 34 MUNICIPAL SECURITIES CORPORATE ♦ FGN. BONDS 35 36 COMMERCIAL PAPER 37 OTHER 235.089 113.424 43.132 13.397 8.414 56.722 252.359 121.657 45.728 15.188 10.741 59.045 255.737 120.265 43.139 18,983 12.644 60.706 276.161 128.229 42.906 23.795 18.440 62.791 320.670 145.042 51.170 31.143 28.601 64.714 318.242 136.692 50.033 41.194 24.194 66.129 314.011 123.534 49.953 49.530 23.561 67.433 329.865 127.612 52.094 54.800 27.299 68.060 32 33 34 35 36 37 38 DEPOSITS ♦ CUhpEiMCY TIME ♦ SAVINGS ACCOUNTS 39 LARGE NEGOTIABLE CD’S 40 OTHER AT COMMERCIAL BANKS 41 AT SAVINGS INSTITUTIONS 42 477.100 312.642 15.011 126.217 171.614 500.378 332.034 14.782 138.345 178.907 552.333 371.223 19.087 156.635 195.501 600.602 404.996 22.603 174.089 208.304 606.122 402.832 8.931 177.566 216.335 672.827 458.994 23.949 201.721 233.324 767.040 540.209 31.613 234.655 273.941 869.280 625.921 40.323 265.680 319.918 38 39 40 41 42 164.258 127.053 37.205 168.344 129.161 39.183 181.110 139.815 41.295 195.606 151.879 43.727 203.290 156.725 46.565 213.833 163.787 50.046 226.831 173.393 53.438 243.359 185.509 57.850 43 44 45 712.189 752.737 808.070 876.763 926.792 991.069 1081.051 1199.145 46 10.873 80.126 30.937 11.261 79.881 32.980 11.441 80.797 37.048 11.494 81.210 39.685 11.850 80.417 47.756 14.19? 85.716 87.241 47 48 49 1228.331 59.831 1168.500 1 2 3 235.020 993.311 4 5 43 44 45 46 MONEY DEMAND DEPOSITS CURRENCY TOTAL OF CREDIT MARKET INSTR.* DEPOSITS ♦ CURRENCY 47 public support rate <%) 48 PVT,FIN.INTERMEDIATION (%) 49 TOTAL foreign FUNDS CORPORATE EQUITIES NOT 13.047 81.667 50.156 14.518 83.906 73.673 INCLUDED ABOVE 1 TOTAL MARKET VALUE MUTUAL FUND SHARES 2 OTHER EQUIlIFS 3 749.020 35.220 713.800 682.629 34.829 647.800 869.501 1027.577 44.701 52.677 974.900 824.800 909.689 48.289 861.400 902.418 1060.311 47.618 55.611 854.800 1004.700 4 ACQ. BY FINANCIAL INST. 5 OTHER HOLDINGS 97.714 651.306 94.072 588.557 122.512 746.989 142.676 767.013 151.388 751.030 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. 147.436 880.141 193.838 866.473 AUGUST, 1973 HOUSEHOLDS HOUSEHOLDS 83 SECTOR STATEMENTS OF FINANCIAL ASSETS AND liabilities YEAR-END OUTSTANDTNgS♦ 1945 1947 1946 1945-54 YEAR-END OUTSTANDINGS, 1945-54 1948 1949 1950 1951 1952 1953 1954 households, personal trusts, ano nonprofit organizations total financial assets 1 ♦ CR. MKT. INSTR, (1) demand deposits ♦ CURRENCY 2 3 TIME ♦ 4 5 6 1 371.950 379.227 387.241 393.524 411.983 446.573 485.992 520.799 534.057 628.146 2 3 202.892 56.737 212.199 60.523 216.514 59.141 218.226 56.408 221.370 54.538 224.267 56.945 234.284 60.299 246.630 62.380 259.330 63.492 272.235 65.258 4 5 6 50.115 27.165 22.950 56.4C8 30.760 25.668 59.875 31.949 27.926 62.137 32.232 29.905 64.805 32,374 32.431 67.295 32.428 34,867 72.163 34.193 37.970 79.992 36.980 43.012 88.275 39.498 48.777 97.549 42.120 55.429 7 8 9 10 11 12 96.040 68.078 42.935 NA NA 102 95.248 66.667 44.151 NA 30 97.498 67.806 46.236 NA NA 87 99.681 68.115 47.837 NA NA 211 102.027 69.184 49.300 NA NA 151 100.027 68.554 49.552 NA NA 119 101.822 67.794 49.081 NA NA 409 104.258 67.615 49.173 4.364 13.763 315 107.563 68.143 49.371 7.244 1 1.369 159 109.428 66.386 49.966 4.643 11.873 -96 13 14 15 16 6.270 0 9.738 11.954 6.304 0 8.816 13.461 6.746 0 8.170 14.776 7.752 0 7.878 15.936 8.443 0 7.717 16.683 8.991 20 5.099 17.363 9.329 0 6.442 18.257 11.370 1 6.262 19,010 13.193 91 6.119 20.017 15.708 33 6.093 21.208 17 18 19 111.671 1.264 110.407 103.490 1.297 102.193 101.351 1 . * 12 99.939 100.238 1.515 98.723 109.547 3.070 10b.477 133.764 3.344 130.420 156.366 3.481 152.885 170.420 3.931 166.489 162.403 4.146 158.257 234.996 6.109 228.88 7 CORPORATE EQUITIES INVESTMENT CO. shares OTHER CORPORATE SHARES 17 18 19 20 21 39.560 10.961 43.360 12.470 46.510 14.693 49.353 17.145 52.104 19.982 55.049 23.909 57.777 27.475 60.665 32.367 63.647 37.360 66.349 42.600 LIFE insurance reserves PENSION FUND RESERVES 20 21 22 23 615 6.251 654 7.054 581 7.592 575 7.987 623 8.357 892 8.692 814 9,276 714 10.003 708 10.609 1.020 10.946 SECURITY CREDIT miscellaneous assets 22 23 na 24 33.051 37.632 45.262 53.847 62.096 76.337 85.819 98.664 111.778 124.105 25 26 27 28 29 27.048 18.000 500 2.462 3.203 34.165 21.775 680 4.1 72 4.212 41.991 26.076 934 6.695 4.903 50.727 31.106 1.334 8.996 5.451 58.594 35.172 1.818 11.590 5.774 71.932 42.564 2.353 14.703 6.768 81.461 49.688 2.9 09 15.294 7.418 93.816 56.130 3.404 19.403 8.117 106.313 63.782 3.91b 23.005 8.388 117.366 72.410 4.569 23.568 8.89b 30 31 751 2.132 1.232 2.094 1.193 2.190 1.466 2.374 1.622 2.618 2.675 2.869 2.998 3.154 3.510 3.252 3.680 3.542 4.121 3.802 32 33 34 4.861 504 638 2.195 569 703 1.831 656 784 1.547 738 835 1.819 779 904 2.519 879 1.007 2.393 879 1.086 2.569 1.117 1.162 3.032 1.179 1.254 4.131 1.267 1.341 OEP. SAVINGS ACCOUNTS at commercial banks at savings institutions credii market instruments U.S. GOVT. SECURITIES SAVING’S BONDS shoht-tfrm marketable 0 1 HER DIRECT AuENCY issues STATE A^D LUCAL OBLIG. 13 14 COMMERCIAL PAPER CORPORATE ♦ FOREIGN BONDS 15 mortgages 16 1955 credit market instruments home mortgages OTHER MORTGAGES instalment cons, credit other CONSUMER credit 25 26 27 28 29 BANK LOANS N.e.c. OTHER LOANS 30 31 security credit trade credit ueferhed and unpaid life 1957 1958 1959 1960 1961 1962 1963 32 33 34 premiums YEAR-END OUTSTANDINGS, 1955-64 1956 24 TOTAL LIABILITIES Insurance YEAR-END OUTSTANDINGS, 7 8 9 10 11 12 1955-64 1964 HOUSEHOLDS, PERSONAL TRUSTS, *ND NONPROFIT ORGANIZATIONS 1 708,581 754.640 742.210 879.472 946.886 972.7bl 1116.242 1090.371 2 3 289.942 66.125 307.424 67.759 323.590 66.397 340.926 68.792 366.168 71.499 386.442 74.063 407.384 76.116 435.374 78.363 468.133 81.740 506.953 86.549 DEP. ♦ CR. MKT. INSTR. (1) DEMAND DEPOSITS ♦ CURRENCY 2 3 4 5 6 106.307 43.768 62.539 115.891 46.068 69.823 128.018 51.281 76.737 142.074 56.596 85.478 153.839 60.167 93.672 165.272 61.953 103.319 181.810 67.316 114.494 207.497 79.945 127.552 232.119 89.445 142.674 259.503 101.055 158.448 time ♦ savings accounts at commercial banks at savings institutions 4 5 6 7 8 9 10 11 12 117.510 68.868 50.229 5.140 12.887 612 123.774 70.404 50.135 7.040 12.385 844 128.975 70.980 48.226 10.303 11.084 1.367 130.060' 67.736 47.703 7.663 11.546 824 140.830 73.457 45.907 11.990 13.198 2.362 147.107 73.431 45.642 10.694 15.079 2.016 149.458 72.670 46.445 10.561 13.475 2.189 149.514 72.849 46.868 10.223 13.119 2.639 154.274 76.293 48.049 12.581 12.813 2.85 0 160.901 79.34b CREDII MARKET INSTRUMENTS U.S. GoVT. SECURITIES SAVINGS BUNDS SHORT-TERM MARKETABLE 7 8 9 10 11 12 13 14 15 16 19.187 17 7.074 22.364 21.538 4 7.937 23.891 23.189 17 9.003 25.786 23.993 6 10.225 28.100 27.251 11 10.225 29.886 30.764 39 11.029 31.844 31.994 16 11.275 33.503 30.985 51 11.157 34,472 31.970 54 11.166 34.791 34.616 12 11.817 35.108 17 18 19 286.685 7.838 278.847 305.390 9.046 296.344 267.662 8.714 258.948 373.932 13.241 360.691 402.679 15.818 386.861 396.027 17.026 379.001 501.748 22.875 478.873 437.841 21.271 416.570 514.532 25.21* 489.318 566.030 29.116 536.914 20 21 69.254 50.388 72.724 56.487 75.462 62.561 78.535 72.606 81.956 82.273 85.184 90.674 88.631 1U3.461 92.398 109.231 96.635 122.712 101.051 137.506 22 23 899 11.413 882 11.733 894 12.041 1.156 12.317 989 12.821 1.137 13.297 1.192 13.826 1.226 14.301 1.472 14.830 1.669 15.710 24 144.749 161.148 173.912 186.360 208.344 226.143 243.061 264.038 291.102 319.171 25 26 27 28 29 137.101 84.607 5.198 28.906 9.924 153.213 95.806 5.901 31.720 10.614 166.088 104.563 6.685 33.868 11.103 177.099 113.406 7.503 33.642 11.487 198.554 125.966 8.317 39.247 12.297 216.286 136.745 9.184 42.968 13.173 231.585 147,660 10,084 43.891 14,091 252.379 160.369 11.035 48.720 15.101 277,135 175.119 12.012 55.486 16.253 304,955 191.106 13.053 62.692 17.576 30 31 4.372 4.094 4,7*1 4.431 4.915 4.954 5.621 5.440 6.624 6.103 7.220 6.996 8.112 7.747 8.626 8.528 9.020 9.245 10.417 10.111 32 33 34 4.816 1.350 1.482 4.773 1.493 1.669 4.365 1.616 1.843 5.522 1.770 1.969 5.536 2.067 2.187 5.398 2.080 2.379 6.736 2.228 2.512 6.610 2.362 2.667 8.567 2.547 2.853 8.362 2.815 3.039 1218.314 1328.919 TOTAL FINANCIAL ASSETS 48.960 11.840 14.892 3,65b other direct AGENCY ISSUES STATE and LUCAL OBLIG. COMMERCIAL PAPER CORPORATE + FOREIGN BONDS MORTGAGES CORPORATE EQUITIES INVESTMENT CO. SHARES other corporate shares life insurance reserves 13 14 15 16 17 18 19 PENSION FUND RESERVES 20 21 SECURITY CREDIT MISCELLANEOUS ASSETS 22 23 TOTAL liabilities CREDIT MARKET INSTRUMENTS HOME MORTGAGES OTHER MORTGAGES INSTALMENT CONS. CREDIT OTHER CONSUMER CREDIT BANK LOANS N.E.C. OTHER LOANS SECURITY CREDIT TRADE CREDIT DEFERRED AND UNPAID LIFE INSURANCE PREMIUMS (1) MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS 1 EXCLUDES CORPORATE EQUITIES. 24 25 26 27 28 29 30 31 32 33 34 AUGUST. 1973 households HOUSEHOLDS 84 SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES YEAH-END OUTSTANDINGS, YEAR-tNn OUTSTANU INGS, 1965-72 1965 1966 1968 1967 households, 196 9 PERSONAL TRUSTS, 1974 1 95b.537 156.487 2 3 377.822 161.487 216.335 422.284 18b.960 233.324 492,740 218.799 273.941 566.565 248.64 7 319.918 4 5 6 196.518 9b.287 51.512 22.703 11.880 10.192 231.060 108.490 51.126 34.621 9.757 12.986 231.493 100.795 51.407 21.053 12.644 15.691 222.158 87.849 53.832 10.556 11.432 12.029 231.485 92.207 57.127 11.992 11.534 11.554 7 8 9 10 11 12 37.714 626 18.983 36.581 36.953 1.355 23.795 38.128 46.134 6.114 31.143 39.179 45.590 4.597 41.194 39.317 44.716 717 49.530 39.346 46.012 1,1*9 54.800 37.317 13 14 15 16 1905.61b 1852.115 588,035 98.075 635.618 109.376 689.903 121.693 732.229 123.347 4 5 6 TIME ♦ SAVINGS ACCOUNTS AT commercial HANKS AT SAVINGS INSTITUTIONS 287.525 115.911 171.614 306.831 127.924 178.907 341.511 146.010 195.501 371.692 163.388 208.304 7 8 9 10 11 12 CREDIT MARKET INSTRUMENTS U.S. GUVl. SECURITIES SAVINGS BONUS SHORT-IeRM MARKETABLE OTHER DIRECT AGENCY ISSUES 165.896 81.789 49.595 14.419 13.217 4.558 183.129 89.564 50.249 15.464 14.899 8.952 184.731 90.827 51.139 14.245 15.136 10.307 36.365 3 13.397 34.342 39.964 2.751 15.188 35.662 STATE AND LOCAL OBLIG. COMMERCIAI PAPER CORPORATE ♦ FOREIGN BONDS MOR TGAGES 1973 858.597 143.699 1692.540 S-,7.642 94.221 13 1* 15 16 1972 786.589 132.812 1459.088 DEP. ♦ CR. mkT. INSTR. (1) DEMAND OEPOSITS ♦ CURRENCY TOTAL FINANCIAL ASSETS 1971 ANU NONPROFIT ORGANIZATIONS 1917.055 2145.413 2413.065 1463.550 2 3 1 1970 1965-72 17 18 19 CORPORATE EQUITIES INVESTMENT CO. SHARES OTHER CORPORATE SHARES 636.707 35.220 601.487 575.914 34.829 541.085 731.478 44.701 686.777 860.590 52.677 807.913 748.872 48.289 700.583 732.341 47.618 684.723 845.152 55.611 789.541 967.311 59.831 907.480 17 18 19 20 21 LIFE INSURANCE RESERVES PENSION FUND RESERVES 105.876 153.809 110.570 163.640 115.424 185.229 120.045 206.394 125.023 217.007 130.265 237.159 136.437 271.702 143.747 309.150 20 21 22 23 SECURITY CREDIT MISCELLANEOUS ASSETS 2.533 16.983 2.730 18.199 4.943 19.848 7.039 21.645 5.221 23.763 4.354 26.347 4.874 28,651 4.992 31.328 22 23 348.731 370.769 394.191 427.914 457.462 479.551 520.978 589.991 24 333.286 206.338 14.228 70.893 18.990 354.762 218.990 15.485 76.244 19.994 373.806 229.361 16.679 79.428 21.355 403.767 243.986 17.814 87.745 23.025 435.840 260.058 19.090 97.105 24.041 458.752 272.539 20.450 102.064 25.099 496.761 296.366 21.667 111.295 27.099 560.077 334.789 23.088 127.332 30.232 25 26 27 28 29 11.788 11.049 12.106 11.943 13.720 13,263 15.883 15.314 17.247 18.299 17.700 20.900 18.Obi 22.273 21,033 23.603 30 31 9.098 3.044 3.303 9.025 3.323 3.659 12.709 3.729 3.947 15.627 4.218 4.302 12.227 4.707 4.688 10.447 5.234 5.118 13.056 5.725 5.436 17,728 6.210 5.976 32 33 34 24 25 26 27 28 29 30 31 32 33 34 (1) TOTAL LIABILITIES CREDIT MARKET INSTRUMENTS HOME MORTGAGES other mortgages INSTALMENT CONS. CREDIT OTHER CONSUMER CREDIT BANK LOANS N.E.C, OTHER LOANS SECURITY CREDIT TRADE CREDIT DEFERRED Ano UNPAID LIFE INSURANCE PREMIUMS EXCLUDES CORPORATE EQUITIES. money amounts are in millions of dollars. AUGUST* 1973 BUSINESS BUSINESS 85 SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES YEAR-END OUTSTANDINGS* 1945 YEaR-ENO 1945-54 1946 1947 1948 1949 NONFINANCIAL 1950 1951 1952 1953 OUTSTANDINGS* 1945'>-54 1954 BUSINESS - TOTAL 1 2 3 4 5 6 85.554 32.485 900 22.044 20.951 9.174 86.310 34.839 900 17.231 23.676 9.664 97.097 38.235 900 17.842 28.808 11.312 103.035 38.510 900 19.539 31.097 12.989 107.264 39.418 900 22.248 30.267 14.431 124.918 40.960 900 26.792 40.542 15.724 134.844 43.836 900 28.666 44.043 17.399 140.544 44.170 900 28.932 47.020 19.522 143.868 43.927 900 31.438 46.188 21.415 150.195 46.136 1.100 30.164 49.648 23.147 TOTAL FINANCIAL ASSETS DEMAND DEP. ♦ CURRENCY TlMt DEPOSITS CREDIT MARKET INSTRUMENTSi 7 8 9 81.681 56.476 23.527 582 16.445 10.971 4.951 11.870 13.335 94.151 64.672 24.417 1.150 18.045 15.264 5.796 18.169 11.310 109.891 74.019 27.207 1.934 19.784 19.085 6.009 22.005 13.867 120.669 81.188 31.407 1.942 21.585 19.835 6.419 24.576 14.905 121.248 84.121 34.210 2.174 23.239 17.873 6.625 24.448 12.679 146.213 92.623 35.734 2.290 25.289 22.041 7.269 32.947 20.643 162.688 102.932 38.929 1.662 27.653 26.634 8.054 34.176 25.580 169.980 111.607 43.614 1.878 29.486 27.790 8.839 35.756 22.617 175.324 116.252 46.970 1.770 31.280 26.776 9.456 35.550 23.522 182.997 122.668 50.449 2.478 33.425 26.339 9.977 39.708 20.621 total liabilities 10 11 12 13 14 15 trade'chedit miscellaneous ASSETS 1 2 3 4 5 6 7 CREDIT MKT INSTRUMENTS CORPORATE BONDS HOME MORTGAGES OTHER MORTGAGES bank loans N.E.C. other loans trade debt* net OTHER LIABILITIES 8 9 10 11 12 13 14 15 farm business 1 2 3 4 5 5.328 4.600 728 548 180 7.185 6.400 785 645 140 8.369 7.500 869 753 116 8,459 7.500 959 844 115 8.035 7.000 1.035 918 117 8.068 7.000 1.068 949 119 8.327 7.200 1.127 1.005 122 8.314 7.100 1.214 1.088 126 8.291 7.000 1.291 1.159 132 8.264 6.900 1.364 1.227 137 6 7 8 9 10 11 12 7.179 6.593 4. 760 1.037 796 464 332 7.599 6.956 4.897 1.292 767 391 376 8.297 7.424 5.064 1.593 767 283 484 9,294 8.082 5.288 1.946 848 243 605 9.880 8.474 5.579 2.049 846 228 618 11.221 9.532 6.071 2.524 937 244 693 12.944 10.819 6.651 3.120 1.048 199 849 13.879 11.609 7.236 3.293 1.080 213 867 13.562 11.509 7.737 2.712 1.060 445 615 14.435 12.281 8.246 2.862 1.173 508 665 13 586 643 873 1.212 1.406 1.689 2.125 2.270 2.053 2.154 TOTAL FINANCIAL ASSETS OEMAND DFPOSITS ♦ CURRENCY MISCELLANEOUS ASSETS INSURANCE RECEIVABLES EQ. IN SPONSORED AG. (1) 1 2 3 4 5 TOTAL LIABILITIES 6 7 MORTGAGES 8 BANK LOANS N.e.c. 9 OTHEh LOANS 10 u.s. government 11 Flew ♦ BKS. FOR COOPS 12 credit market instruments trade debt 13 NONFARM NONCORPORATE business 1 2 3 4 5 6 11,220 8.926 1.526 768 763 5 11.705 8.937 1.860 908 902 6 12.561 9.301 2.190 1.070 1.060 10 12.906 9.149 2.554 1.203 1.190 13 13.628 9.515 2.810 1.303 1.289 14 14.429 9.738 3.298 1.393 1.378 15 15.916 10,777 3.595 1.544 1.527 17 16.175 10.429 3.998 1. 748 1.730 18 16.492 10.377 4.177 1.938 1.919 19 17.309 10.907 4.269 2.133 2.113 20 total financial assets 7 8 9 10 11 12 3.184 6.025 3.727 291 2.841 595 5.873 8.228 4.297 575 3.016 706 7.573 9.613 5.054 967 3.275 812 8.762 10.191 5.566 971 3.713 d82 9.479 10.888 6.286 1.087 4.297 902 11.016 12.546 7.089 1.145 5.034 910 11.956 13.553 7.491 831 5.705 955 12.473 14.489 8.062 939 6.128 995 13.306 15.015 8.397 885 6.451 1.061 15.818 15.844 9.135 1.239 6.726 1.170 TOTAL liabilities 13 14 15 16 17 290 2,008 -2.841 3.277 6.118 907 3.024 -2.355 4.938 7.293 1.263 3.296 -2.040 5.871 7.911 1.024 3.601 -1.429 6.881 8.310 794 3.808 -1.409 7.136 8.545 1.223 4.234 -1.530 8.581 10.111 1.467 4.595 -1.597 8.669 10.266 1.655 4.772 -2.016 9.524 11.540 1.725 4.893 -1.709 10.343 12.052 1.764 4.945 -26 12.115 12.141 116.055 46.578 26.641 900 17.647 577 0 813 119.085 48.569 26.550 900 19.240 874 124.622 48.912 28.329 1.100 17.523 988 0 0 1.005 972 6.142 46.188 18.186 16.28b 114 1.786 0 6.412 49.648 19.650 17.626 DEMAND DEP. AND CURR. CONSUMER CREOIT MISCELLANEOUS ASSETS INSURANCE RECEIVABLES EQ. IN SPONSORED AG. (1) credit market instruments MORTGAGES HOME MORTGAGES MULTI-FAMILY MORTGAGES commercial mortgages BANK LOANS N.E.C. OTHt-R LOANS trade debt, NET trade debt TRADE RECEIVABLES 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 CORPORATE NONFINANCIAL BUSINESS 1 2 3 4 5 6 7 8 69.006 38.713 18.959 900 18.508 7 9 10 11 12 13 14 15 76.167 35.121 21.434 900 12.291 146 0 350 81.670 36.338 21.861 900 12.853 272 0 452 85.601 39.391 22.903 900 14.697 406 0 485 102.421 43.984 24.222 900 17.870 340 0 65? 110.601 46.694 25.859 900 18.653 438 339 67.420 33.549 19.502 900 12.779 55 0 313 1.664 20.951 7.678 7.227 33 418 0 2.224 23.676 7.971 7.227 68 6 76 0 2.865 28,808 9.373 8.366 51 956 0 3.408 31.097 10.827 9.625 10 1.192 0 3.850 30.267 12.093 10.700 10 1.383 4.632 40.542 13.263 11.788 57 1.418 5.136 44.043 14.728 13.089 91 1.548 0 0 0 5,897 47.020 16.560 14.819 75 1.666 0 0 0 844 158 1 .866 0 TOTAL FINANCIAL ASSETS LIQUID ASSETS DEMAND DEP. ♦ CUHRENCY TIME DEPOSITS U.S. GOVT. SECURITIES OPEN-MaRKET PAPER SECURITY R.P.’S S 1 AfE ♦ LOCAL OBLIGATIONS CONSUMER CREDIT trade credit MISC. FINANCIAL ASSETS FGN. DIRECT INVESTMENT FOREIGN CURRENCIES INSURANCE RECEIVABLES EQ. IN SPONS. AGENCIES 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 71.318 80.679 94.021 102.613 101.889 123.976 137.788 143.628 148.456 152.744 17 18 19 20 21 22 43.858 23.527 8.540 291 2.896 5.353 49.488 24.417 10.001 5 75 3.069 6,357 56.982 27.207 11.600 967 3.327 7.306 62.915 31.407 12.673 971 3.764 7.938 64.759 34.210 13.548 1.087 4.347 8.114 70.545 35.734 14.419 1.145 5.082 8.192 78.560 38.929 15.173 831 5.752 8.590 85.509 43.614 16.066 939 6.168 8.959 89.728 46.970 16.916 885 6.485 9.546 94.543 50.449 18.522 1.239 6.754 10.529 23 24 25 26 9.644 162 1.338 647 13.065 232 1.280 493 16.229 265 1.156 525 16.865 261 1.198 511 15.030 269 1.064 638 18.294 344 1.138 616 22.047 425 1.352 634 22.842 498 1.834 655 22.339 590 1.960 953 21.713 832 2.221 806 27 28 29 10.828 14.125 2.507 8.807 19.881 2.503 11.264 23.172 2.603 12.118 24.793 2. 787 9.738 24.451 2.941 17.252 32.788 3.391 21.922 33.648 3.658 profit taxes liability 18.672 19.271 15.988 27 35.502 37.580 35.206 TRADE DEBT 28 3.945 4.251 MISCELLANEOUS LIABILITIES 29 4.633 (1) SHARES IN FICB'S* BANKS FOR rOOPS* AND LAND BANKS. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS, TOTAL liabilities 16 creoit market instruments CORPORATE BONOS mortgages HOME MORTGAGES MULTI-FAMILY MORTGAGES COMMERCIAL mortgages BANK LOANS N.E.C. 17 18 19 20 21 22 23 24 OPEN-MARKET paper finance CO. LOANS 25 U.S. GOVERNMENT 26 LOANS AUGUST* 1973 BUSINESS BUSINESS SECTOR STATEMENTS OF FINANCIAL ASSETS ANO LIABILITIES 86 YEAR-END OUTSTANUTNGS* 1955-64 YEAR-END OUTSTANDINGS* 1955 1956 1957 1958 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 1960 1959 NONFINANCIAL 1961 1962 1963 1955-64 1964 BUSINESS - TOTAL TOTAL FINANCIAL ASSETS DEMAND DEP. ♦ CURRENCY TIME DEPOSITS CREDIT MARKET INSTRUMENTS TRADE CREOIT MISCELLANEOUS ASSETS 168.296 47.382 1.000 35.400 59.281 25.233 173.813 47.239 1.000 32.004 64.885 28.685 179.772 47.980 1.000 31,984 66.238 32.570 193.154 50.624 1.900 3: .059 72.225 35.346 207.300 48.103 1.500 40.773 78.247 38.677 211.061 45.591 3.867 36.831 82.255 42.517 223.517 45.992 6.896 37.410 87.973 45.246 236.190 46.397 8.382 39.777 92.550 49.064 252.337 46.504 10.825 43.010 98.790 53.208 268.140 47,015 10.809 45.296 106.980 58.040 1 2 3 4 5 6 TOTAL LIABILITIES CREDIT MKT INSTRUMENTS CORPORATE BONUS HOME MORTGAGES OTHER MORTGAGES BANK LOAMS N.E.C. OTHER LOANS TRADE DEBT, NET OTHER LIABILITIES 209.355 134.195 53.286 2.730 36.444 31.365 10.370 49.999 25.161 224.433 146.832 56.901 2.308 39.550 37.090 10.983 54.040 23.561 236.618 158.517 63.217 2.102 42.217 38.661 12.320 56.420 21.681 249.504 170.038 68.901 2.588 46.577 38.970 13.002 59.973 19.493 272.866 184.570 71.856 2.748 51.647 43.810 14.509 65.875 22.421 287.755 197.634 75.312 2.104 56.374 46.520 17.324 69.596 20.525 307.968 211.581 79.952 2.310 63.150 47.841 18.328 74.000 22.387 331.031 229.1*1 84.501 2.380 71.103 51.885 19.272 78.337 23.553 360.798 249.309 86.414 2.744 80.069 57.109 20.973 86.037 25.452 389.341 270.092 92.408 2.406 89.496 62.068 23.714 92.879 26.370 7 8 9 10 11 12 13 14 15 FARM BUSINESS 2 3 4 5 6 7 8 9 10 11 12 8.372 6.900 1.472 1.324 148 8.251 6.700 1.551 1.390 161 8.218 6.600 1.618 1.446 172 8.584 6.900 1.684 1.502 182 7.982 6.200 1.782 1 .584 198 7.646 5.800 1.846 1.635 211 7.731 5.800 1.931 1.704 227 7.865 5.900 1.965 1.724 241 7.825 5.700 2.125 1.869 256 8.217 5.900 2.317 2.038 279 1 2 3 4 5 16.057 13.722 9.021 3.434 1.267 574 693 16.982 14.581 9.835 3.375 1.371 624 747 18.274 15.638 10.397 3.7S9 1.482 550 932 20.078 17.002 11.109 4.172 1.721 565 1.156 22.433 18.934 12.101 4.866 1.967 577 1.390 23.623 19.965 12.838 5.062 2.065 564 1.501 25.482 .21.558 13.917 5.305 2.336 686 1.650 28.353 23.856 15.193 6.087 2.576 736 1.840 31.520 26.406 16.e22 6.688 2.896 797 2.099 34.462 29.009 18.942 6.959 3.108 861 2.247 6 7 8 9 10 11 12 2.335 2.401 2.636 3.076 3.499 3.658 3.924 4.497 5.114 5.453 13 22,962 12.515 6.648 3.799 3.704 95 1 2 3 4 5 6 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS ♦ CURRENCY MISCELLANEOUS ASSETS INSURANCE RECEIVABLES EQ, IN SPONSORED AG. (1) TOTAL LIABILITIES CREDIT MARKFT INSTRUMENTS MORTGAGES BANK LOANS N.E.C. OTHER LOANS U.S. government FICB ♦ BKS. FOR COOPS TRADE DEBT 13 NONFARM NONCORPORATE BUSINESS 1 2 3 4 5 6 TOTAL FINANCIAL ASSETS DEMAND DEP. AnD CURR. CONSUMER CHFDIT MISCELLANEOUS ASSETS INSURANCE RECEIVABLES EQ. IN SPONSORED AG. (1) 17.917 11.200 4.434 2.283 2.262 21 18.680 11.549 4.718 2.413 2.392 21 19.834 12.356 4.892 2.586 2.560 26 21.222 13.641 4.872 2.709 2.677 32 20.694 12.707 5.091 2.896 2.856 40 20.800 12.415 5.350 3.035 2.987 48 21.260 12.515 5.544 3.201 3.144 57 21.786 12.515 5.942 3.329 3.260 69 22.317 12.515 6.257 3,545 3.463 82 7 8 9 10 11 12 TOTAL LIABILITIES CREOIT MARKET INSTRUMENTS MORTGAGES HOME MORTGAGES MULTI-FAMILY MORTGAGES COMMERCIAL MORTGAGES 18.921 17.575 9.819 1.365 7.142 1.312 19.743 18.692 10.070 1.154 7.432 1.484 21.287 19.650 10.360 1.051 7.660 1.649 22.241 21.164 11.578 1.294 8.422 1.862 24.790 23.486 12.797 1.374 9.335 2.088 26.879 25,076 13.616 1.052 10.245 2.319 29.580 27.375 15.567 1.155 11.785 2.627 32.749 30.591 17.786 1.190 13.565 3.011 36.965 35.128 20.618 1.372 15.825 3.421 41.854 40.421 23.997 1.203 19.095 3.699 7 8 9 10 11 12 2.336 5.420 1.346 13.523 12.177 2.918 5.704 1.051 14.593 13.542 2.992 6.298 1.637 14.669 13.032 3.153 6.433 1.077 15.205 14.128 3.531 7.158 1.304 15.176 13.872 3.801 7.659 1.803 15.356 13.553 4.154 7.654 2.205 16.053 13.848 4.535 8,270 2.158 15.8o6 13.648 5.192 9.318 1.837 15.395 13.558 5.665 10.759 1.433 15.320 13.887 13 14 15 16 17 BANK LOAMS N.E.C. OTHER LOANS 13 14 15 16 17 trade debt, net TRADE DEht TRADE RECEIVABLES CORPORATE NONFINANCIAL BUSINESS 1 2 3 4 5 6 7 e TOTAL FINANCIAL ASSETS LIQUID ASSETS DEMAND DEP. ♦ CURRENCY TIME DEPOSITS U.S. GOVT. SECURITIES 9 10 11 12 13 14 15 CONSUMER CREDIT TRAOE CREOIT MISC. FINANCIAL ASSETS FGN. DIRECT INVESTMENT FOREIGN CURRENCIES INSURANCE RECEIVABLES EQ. IN SPONS. AGENCIES 16 OPEN-MARkFT paper SECURITY R.P.’S STATE ♦ LOCAL UBLIGATIONS TOTAL LIABILITIES CREDIT MARKET INSTRUMENTS CORPORATE BONDS MORTGAGES HOME MORTGAGES MULTI-FAMILY MORTGAGES COMMERCIAL MORTGAGES 17 IB 19 20 21 22 BANK LOANS N.E.C. 23 24 25 26 open-mahkft paper finance co. loans U.S. GOVERNMENT LOANS 27 2fl 29 (1) 142.007 54.182 29.282 1.000 21.581 1.100 0 1.219 146.882 49.705 28.990 1.000 17.118 1.255 0 1.342 151.720 49.248 29.024 1.000 16.389 1.356 0 1.479 163.348 51.735 30.083 1.900 16.692 1.102 0 1.958 178.624 57.121 29.196 1.500 22.R21 895 0 2.709 182.615 53.045 27.376 3.867 16.868 2.532 0 2.402 194.526 56.542 27.677 6.896 16.544 3.030 0 2.395 206.539 59.587 27.982 8.382 16.782 3.744 0 2.697 222.195 64.232 28.289 10.825 16.736 4.595 0 3.787 236.961 65.134 28.600 10.809 15.172 6.255 618 3.680 1 2 3 4 5 6 7 8 7.066 59.281 21.478 19.313 129 2.034 2 7.571 64.885 24.721 22.177 138 2.393 13 7.868 66.238 28.366 25.238 131 2.965 32 8.435 72.225 30,953 27.255 149 3.511 38 9.257 78.247 33.999 29.735 132 4.081 51 9.679 82.255 37.636 32.744 148 4.672 72 9.897 87.973 40.114 34.664 236 5.134 80 10.612 92.550 43.790 37.226 790 5.684 90 11.635 98.790 47.538 40.686 731 6.031 90 12.923 106.980 51.924 44.386 1.097 6.350 91 9 10 11 12 13 14 15 174.377 187.708 197.057 207.185 225.643 237.253 252.906 269.929 292.313 313.025 16 102.698 53.286 20.334 1.365 7.163 11.806 113.559 56.901 21.953 1.154 7.447 13.352 123.229 63.21t 23.562 1.051 7.670 14,841 131.872 68.901 26.478 1.294 8.426 16.758 142.150 71.856 29.497 1.374 9.333 18.790 152.593 75.312 32.024 1.052 10.104 20.868 162.648 79.952 35.976 1.155 11.178 23.643 174.694 84.501 40.504 1.190 12.214 27.100 187.775 88.414 45.373 1,372 13.217 30.784 200.662 92.408 48.963 1.203 14.470 33.290 17 IB 19 20 21 22 25.595 528 2.471 684 30.797 623 2.603 682 31.910 731 3.068 741 31.645 949 3.147 752 35.413 611 3.994 779 37.657 1.186 5.558 856 38.382 1.541 5.875 922 41.263 1.647 5.644 1.135 45.229 1.300 6.276 1.183 49.444 1.507 6.958 1.382 23 24 25 26 15.971 52.147 5.710 13.378 55.820 6.115 15.817 61.072 6.604 13.615 64.135 6.910 14.995 67.871 7.392 15.941 71.682 7.61? 17.508 79.086 7.944 18.007 85.993 8.363 27 28 29 PROFIT TAXES LIABILITY 20.065 18.102 50.588 TRAOE DEBT 46.318 MISCELLANEOUS LIABILITIES 5.459 5.076 SHARES IN FTCB’S* BANKS FOR COOPS* ANO LAND BANKS. MONEY AMOUNTS ARF IN MILLIONS OF DOLLARS. AUGUST* 1973 BUSINESS BUSINESS 87 SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES YEAR-END OUTSTANDINGS, 1965 YEAR-END OUTSTANDINGS. 1965-72 1966 1967 1968 1969 nonfinancial 1970 1971 1972 1973 1965'>-72 1974 BUSINESS - TOTAL I 2 3 4 5 6 290.'.24 47.430 13.131 45.939 120.967 63.457 306.253 47.748 11.741 44.388 132.968 69,408 325.910 49.294 13.820 46.240 141.310 75.254 358.784 51.208 14.194 52.592 159.960 80.830 391.792 53.766 11.790 55.674 182.689 87.873 407.363 54.276 13.485 53.775 189.810 96.017 435.417 55.077 17.085 61.317 195.439 106.499 470.908 55.253 20.195 65.863 215.189 114.388 TOTAL FINANCIAL ASSETS DEMAND DEP. ♦ CURRENCY TIME DEPOSITS CREDIT MARKET INSTRUMENTS> TRADE CREDIT MISCELLANEOUS ASSETS 7 8 9 10 11 12 13 14 15 433.601 299.673 97.800 2.556 98.587 74.344 26.386 104.962 28.966 477.441 332.737 ]08.024 1.602 108.287 85.159 29.665 115.276 29.428 518.407 368.620 122.682 2.722 117.506 93.322 32.388 124.217 25.570 578.806 407.893 135.575 3.152 128.241 104.512 36.413 141.590 29.323 640.935 453.962 147.550 2.736 138.991 119.076 45.609 159.953 27.020 686.317 496.311 167.306 3.060 150.555 124.909 50.481 165.264 24.742 739.671 543.703 186.113 4.970 169.712 131.227 51.681 168.919 27.049 814.451 602.825 198.300 6.204 195.920 147.362 55.039 183.144 28.482 TOTAL LIABILITIES CREDIT MKT INSTRUMENTS CORPORATE BONDS HOME MORTGAGES OTHER MORTGAGES 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 bank loans n.e.c. OTHER LOANS TRADF DEBT, NET OTHER LIABILITIES FARM BUSINESS 1 2 3 4 5 8.497 6.000 2.497 2.178 319 8.704 6.000 2.704 2.339 365 9.067 6.100 2.967 2.553 414 9.646 6.300 3.346 2.830 516 10.182 6.400 3.782 3.211 571 10.786 6.515 4.271 3.649 622 11.477 6.638 4.839 4.147 692 12.108 6.776 5.332 4,550 782 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS ♦ CURRENCY MISCELLANEOUS ASSETS INSURANCE RECEIVABLES EQ. IN SPONSORED AG. (1) 1 2 3 4 5 6 7 8 9 10 11 12 38.445 32.299 21.175 7.667 3.457 941 2.516 42.781 35.769 23.317 8.600 3.852 929 2.923 47.077 39.249 25.451 9.300 4.498 1.087 3.411 49.998 41.907 27.519 9.700 4.688 1.034 3.654 53.865 45.083 29.461 10.328 5.294 1.019 4.275 58.081 48.332 31.236 11.155 5.941 967 4.974 63.001 52.041 32.858 12.500 6.683 1.014 5.669 68.858 56.898 35.438 14.314 7.146 1.050 6.096 TOTAL LIABILITIES CREDIT MARKET INSTRUMENTS 6 13 6.146 7.012 7.828 8.091 8.782 9.749 10.960 11.960 mortgages 7 8 BANK LOANS N.E.C. 9 OTHtR LOANS 10 U.S. GOVERNMENT 11 FICB ♦ BKS. FOR COOPS 12 TRADE DEBT 13 nonfarm noncorporate BUSINESS 1 2 3 4 5 6 23.682 12.515 7.084 4.083 3.975 108 24.533 12.515 7.576 4.442 4.325 117 25.363 12.515 8.004 4.844 4.716 128 26.335 12.515 8.494 5.326 5.187 139 27.605 12.515 9.092 5.998 5.846 152 28.875 12.515 9.678 6.682 6.515 167 30.355 12.515 10.364 7.476 7.296 180 32.151 12.515 11.438 8.198 8.006 192 total financial ASSETS 7 8 9 10 11 12 46.887 46.195 27.147 1.278 21.846 4.023 51.087 51.565 29.512 801 24.245 4.466 56.732 56.521 33.221 1.361 27.045 4.815 62.185 62.079 36.665 1.576 29.745 5.344 68.427 69.460 40.436 1.368 33.317 5.751 72.752 74.722 45.333 1.530 37.655 6.148 80.306 83.418 53.335 2.485 43.826 7.024 90.437 93.798 62.571 3.102 51.109 8.360 TOTAL LIABILITIES CREOIT MARKET INSTRUMENTS 13 14 15 16 17 6.623 12.425 692 14.732 14.040 7.956 14.097 -478 13.976 14.454 8.560 14.740 211 15.162 14.951 9.655 15.759 106 13.960 13.854 11.795 17.229 -1.033 13.378 14.411 11.170 18.219 -1.970 12.877 14.847 11.375 18.708 -3.112 12.074 15.186 12.105 19.122 -3.361 11.776 15.137 1 DEMAND DEP. AND CURR. consumer credit miscellaneous assets insurance receivables EQ. IN SPONSORED AG. (1) mortgages HOME MORTGAGES multi-family mortgages COMMERCIAL mortgages BANK LOANS N.E.C. OTHER LOANS TRADE DEBT, NET TRADE DEBT trade receivables 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 CORPORATE NONFINANCIAL dUSINESS 1 2 3 4 5 6 7 8 258.745 67.750 28.915 13.131 12.693 6.725 1.686 4.600 273.016 64.089 29.233 11.741 11.486 6.500 1.490 3.639 291.488 68.766 30.679 13.820 8.949 10.678 1.340 3.300 322.803 76.726 32.393 14.194 9,272 14.843 2.242 3.782 354.005 78.939 34.851 11.790 7.011 18.865 3.622 2.800 367.702 77.828 35.246 13.485 7.325 19.363 234 2.175 393.585 88.389 35.924 17.085 9.361 21.767 1.077 3.175 426.649 93.457 35.962 20.195 6.975 23.462 2.688 4.175 9 10 11 12 13 14 15 13.151 120.967 56.877 49.233 781 6.766 97 13.697 132.968 62.2o2 53.926 885 7.331 120 13.969 141.310 67.443 58.255 1.055 7.999 134 13.959 159.960 72.158 61.623 1.587 8.788 160 14.284 182.689 78.093 66.627 1.306 9.935 225 15.000 189.810 85.064 72.966 931 10.831 336 15.573 195.439 94.184 79.629 2.318 11.878 359 17.145 215.189 100.858 83.345 4.102 13.034 377 CONSUMER CREDIT 16 348.269 383.573 414.598 466.623 518.643 555.484 596.364 655.156 TOTAL LIABILITIES 17 18 19 20 21 22 221.179 97.800 52.821 1.278 15.337 36.206 245.403 )08.024 57.060 801 16.062 40.197 272.850 122.682 61.556 1.361 16.865 43.330 303.907 135.575 67.209 1.576 17.535 48.098 339.419 147.550 71.830 1.368 18.702 51.760 373.257 167.306 77.046 1.530 20.188 55.328 408.244 186.113 88.489 2.485 22.790 63.214 452.129 198,300 104.115 3.102 25.774 75.239 credit market instruments corporate bonus mortgages 23 24 25 26 60,054 1.242 7.586 1.676 68.603 2.153 7.521 2.042 75.462 3.686 7.231 2.233 85.157 5.331 8.978 1.657 96.953 7.996 13.316 1.774 102.584 10.558 13.704 2.059 107.352 9.097 15.589 1.604 120.943 8.561 18.365 1.845 BANK LOANS N.E.C. OPEN-MARKET paper FINANCF CO. LOANS U.S. GOVERNMENT LOANS 27 28 29 20.169 98.124 8.797 20.374 1 08.742 9.054 15.647 116.178 9.923 18.508 133.393 10.815 15.202 152.204 11.818 11.472 157.485 13.270 13.345 161.071 13.704 profit taxes liability 13.956 27 TRADE DEBT 174.545 28 MISCELLANEOUS LIABILITIES 14,526 29 (1) SHARES IN FICB'S, BANKS FOR COOPS, AND LAND BANKS. MONEY AMOUNTS ARE IN MILLIONS OF OOLLARS TOTAL FINANCIAL ASSETS LIQUID ASSETS DEMAND DEP. ♦ CURRENCY TIME DEPOSITS U.S. GOVT, SECURITIES OPEN-MaRKET PAPER SECURITY R.P.'S STAjE ♦ LOCAL OBLIGATIONS trade credit MISC. FINANCIAL ASSETS FGN. DIRECT INVESTMENT FOREIGN CURRENCIES insurance receivables EQ. IN SPONS. AGENCIES HOME MORTGAGES MULTI-FAMILY mortgages commercial mortgages 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 AUGUST* 1973 GOVERNMENTS GOVERNMENTS SECTOR STATEMENTS Of FINANCIAL ASSETS ANO LIABILITIES YEAR-ENO OUTSTANDTNGS* 1945-54 YEAR-END OUTSTANDINGS. 1945 1946 1947 1948 1949 1950 1951 1952 1945-54 1953 1954 STATE ANO LOCAL GOVERNMENTS - GENERAL FUNDS 1 2 3 4 5 6 7 8 9 10 TOTAL FINANCIAL ASSETS DEMAND DEP. ♦ CURRENCY TIME DEPOSITS CREOIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES DIRECT U.S. GOvT. AGENCY SEC. STATE AND LOCAL OBLIG. ROME MORTGAGES TAXES RECEIVABLE 11.948 3.715 529 7.224 5.465 5.274 191 1.759 0 480 12.780 4.582 708 6.592 5.113 4.921 192 1.454 25 898 14.512 5.315 867 7.277 5.787 5.594 193 1.415 75 1.053 15.836 5.808 1.138 7.782 6.222 6.028 194 1.435 125 1.108 16.587 6.044 1.290 8.211 6.288 6.093 195 1.748 175 1.042 18.123 6.495 1.391 9.020 6.748 6.552 196 2.032 240 1.217 19.287 6.890 1.543 9.510 7.129 6.932 197 2.061 320 1.344 21.198 7.193 1.628 11.063 8.572 8.238 334 2.111 400 1.294 23.191 7.577 1.957 12.371 9.598 9.041 557 2.293 480 1.286 25.133 7.943 2.419 13.568 10.541 9.848 693 2.467 560 1.203 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 TOTAL LIABILITIES CREDIT MARKFT INSTRUMENTS STATE AND LOCAL OBLIG. SHORT—TFRM OTHER OTHER LOANS (U.S. GOVT.) TRADE DEBT 15.955 15.323 14.818 312 14.506 505 632 16.148 15.370 14.886 313 14.573 484 778 17.730 16.801 16.298 512 15.786 503 929 20.118 19.040 18.467 677 17.790 573 1.078 22.715 21.537 21.049 881 20.168 488 1.178 26.214 24.936 24.381 1.274 23.107 555 1.278 28.653 27.375 26.559 1.586 24.973 816 1.278 32.759 31.381 30.243 1.779 28.464 1.138 1.378 36.764 35.286 34.512 1.948 32.564 774 1.478 42.661 41.033 40.594 2.058 38.536 439 1.628 11 12 13 14 15 16 17 U.S. GOVERNMENT 1 2 3 4 5 6 7 8 9 10 11 12 13 14 TOTAL FINANCIAL ASSETS GOLD ♦ OFF. U.S. FGN. EXCH. DEMAND DEP.AND CURRENCY TIME DEPOSITS CREDIT MARKFT INSTRUMENTS SPONSORED CR. AG. ISSUES HOME MORTGAGES OTHEH MORTGAGES 15 16 17 18 19 20 21 22 TOTAL LIABILITIES CREDIT MARKFT INSTRUMENTS SAVINGS BONDS 23 24 25 26 27 other loans TO REST OF THE WORLD TO others taxes receivable TRADE CREDIT miscellaneous assets short-tfrm marketable other direct AGENCY ISSUES LOAN PARTICIPATIONS HOME MORTGAGES 44.420 18 26.937 104 5.211 0 894 490 3.827 1.610 2.217 9.770 900 1.480 21.844 -71 4.214 120 8.293 0 .666 372 7.255 4.316 2.939 7.958 100 1.230 29.301 1.330 3.662 111 12.577 0 625 320 11.632 8.423 3.209 10.306 0 1.315 33.078 1.729 4.847 117 13.949 0 710 281 12.958 9.531 3.427 11.215 0 1.221 32.932 1.878 5.186 182 15.273 0 1.176 286 13.811 10.044 3.767 9.156 0 1.257 40.762 1.594 4.948 190 15.976 0 1.468 309 14.199 10.133 4.066 16.402 400 1.252 48.024 1.631 5.067 278 17.274 5 2.063 328 14.878 10.286 4.592 21.264 1.300 1.210 49.197 1.557 7.438 351 18.762 4 2.523 357 15.878 10.702 5.176 17.627 2.251 1.211 49.995 1.471 5.906 342 20.724 0 2.770 495 17.459 12.030 5.429 18.159 2.214 1.179 46.674 1.302 5.567 370 20.404 1 2.770 564 17.069 11.823 5.246 15,236 2.445 1.350 1 2 3 4 5 6 7 8 9 10 11 12 13 14 267.577 251.482 42.935 NA NA 0 308 0 243.741 228.033 44.151 NA NA 0 105 0 236.988 220.802 46.236 NA NA 0 68 0 232.024 215.093 47.837 NA NA 0 915 0 235.246 217.670 49.300 NA NA 0 1.004 0 235.993 216.491 49.552 NA NA 0 382 0 238.020 216.053 49.081 51.267 115.460 0 245 0 243.674 220.937 49.173 63.888 107.250 0 626 0 250.942 227.982 49.371 79.775 96.583 0 2.253 0 253.074 230.403 49.966 65.075 113,024 0 2.338 0 15 16 17 18 19 20 21 22 2.679 2.310 3.593 2.903 4.610 666 2.436 4.758 3.273 4.575 0 2.408 5.363 4.096 4.319 0 2.403 5.576 4.919 4.033 0 2.384 5.660 5.959 3.573 1.100 2.374 5.969 6.743 3.316 2.700 2.398 6.142 7.453 3.274 2.775 2.435 6.105 8.411 2.931 2.600 2.469 6.259 8.941 2.691 2.366 2.505 5.960 9.359 2.481 23 24 25 26 27 trade DEBT TREASURY CURRENCY LIABILITY LIFE INSURANCE RESERVES RETIREMENT FUNO RESERVES MISCELLANEOUS LIABILITIES FEDERALLY SPONSORED CREOIT AGtNCIES I TOTAL FINANCIAI ASStTS DEMAND DEPOSITS * CURRENCY 2 CREDIT MKT, INTRUMENTS 3 U.S. GOVT. SECURITIES 4 MORTGAGES 5 HOME (FNmA) 6 MULTI-FAMILY (FNMA) 7 FARM (FLR) 8 9 OTHER LOANS TO COOPS (80 10 TO FARMERS (FICB) 11 TO S ♦ L’S (FHLB) 12 OTHER ASSETS 13 2.166 91 2.048 351 1.035 0 0 1.035 662 125 332 205 27 2.270 93 2.127 356 959 0 0 959 812 135 376 301 50 2.455 90 2.322 325 887 0 0 887 1.110 194 484 432 43 2.768 77 2.679 453 872 0 0 872 1.354 240 605 509 12 ?.758 71 2.647 450 905 0 0 905 1.292 247 618 427 40 3.212 91 3.107 373 952 0 0 952 1.782 279 693 810 14 3.626 89 3.524 428 1.010 0 0 1.010 2.086 326 849 911 13 3.779 96 3.647 495 1.091 0 0 1.091 2.061 330 867 864 36 4.007 139 3.708 589 1.180 0 0 1.180 1.939 372 615 952 160 4.379 112 4.024 849 1.281 0 0 1.281 1.894 362 665 867 243 1 2 3 4 5 6 7 8 9 10 11 12 13 14 TOTAL LIABILITIES CREDIT MARKET INSTRUMENTS 15 AGENCY SECURITIES 16 U.S. GOVERNMENT LOANS 17 1.975 873 873 0 2.054 1.168 1.168 0 2.211 1.284 1.284 0 2.516 1.559 1.559 0 2.493 1.447 1.447 0 2.921 1.828 1.828 0 3.314 2.055 2.055 0 3.436 2.102 2.102 0 3.647 2.099 2.099 0 4.005 2.064 2.064 0 14 15 16 17 MISCELLANEOUS LIABILITIES DEPOSITS AT FHLB’S CAPITAL SUBSCRIPTIONS OTHER 1.102 46 700 356 886 70 613 203 927 98 583 246 957 133 604 220 1.046 267 599 180 1.093 224 606 263 1.259 261 649 349 1.334 420 698 216 1.548 558 758 232 1.941 802 896 241 18 19 20 21 18 19 20 21 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. . AUGUST* 1973 GOVERNMENTS GOVERNMENTS 89 SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES YEAR-END OUTSTANDINGS* 1955 1955-64 1956 1957 YEAR-END OUTSTANDINGS, 1958 1959 1960 1961 1962 1963 1964 1955--64 STATt AND LOCAL GOVERNMENTS - GENERAL FUNDS 1 2 3 4 5 6 7 8 9 10 26.391 7.982 2.356 14.660 11.493 10.849 644 2.479 688 1.393 26.805 7.438 2.400 15.583 12.238 11.654 584 2.480 865 1.384 26.907 6.781 2. 783 16.048 12.416 11.661 755 2.590 1.042 1.295 27.562 6.564 3.589 16.174 12.349 11.401 948 2.737 1.088 1.235 30.465 8.258 3.179 17.668 13.596 12.611 985 2.714 1.358 1.360 32.679 8.418 4.557 18.340 14.290 13.209 1.081 2.747 1.303 1.364 34.663 8.830 5.465 18.959 14.194 13.292 902 2.763 2.002 1.409 37.299 9.364 6.450 19.983 15.300 14.533 767 2.573 2.110 1.502 41.547 10.877 8.093 20.893 16.387 15.412 975 2.334 2.172 1.684 44.631 12.509 9.812 20.405 16.017 15.193 824 2.223 2.165 1.905 total financial assets 11 12 13 14 15 16 17 48.099 46.321 45.870 2.086 43.784 451 1.778 51.858 49.980 49.4bl 2.180 47.281 519 1.878 56.456 54.378 53.708 2.355 51.353 670 2.078 62.334 60.056 59.206 2.770 56.436 850 2.278 68.899 66.521 65.486 3.173 62.313 1.035 2.378 74.463 72.006 70.766 3.457 67.309 1.240 2.457 79.986 77.317 75.851 3.693 72.158 1.466 2.669 85.980 83.179 81.209 3.682 77.527 1.970 2.801 92.181 89.135 86.932 4.128 82.804 2.203 3.046 98.716 95.397 92.933 4.889 88.044 2.464 3.319 total liabilities TOTAL FINANCIAL ASSETS GOLD ♦ OFF. U.S. FGN. EXCH. DEMAND DEP.AND CURRENCY TIME OEPOSITS CREDIT MARKET INSTRUMENTS SPONSORED CK. AG. ISSUES HOMt MORTGAGES DEMAND DEP. ♦ CURRENCY time deposits credit market instruments U.S. GOVT. SECURITIES DIRECT U.S. GOVT. AGENCY SEC, STATE AND LOCAL 08LIG. HOME MORTGAGES taxes receivable CREOIT MARKET INSTRUMENTS STATE AND LOCAL OBLIG. short-term OTHER OTHER LOANS TRAnE DERT (U.S. GOVT.; 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 U.S. GOVERNMENT 1 2 3 4 5 6 7 8 9 10 11 12 13 14 49.369 1.168 5.297 357 21.091 20 2.929 675 17.467 11.785 5.682 17.521 2.274 1.661 48.827 1.776 5.009 330 21.741 4 2.885 735 18.117 11.799 6.318 15.385 2.350 2.236 48.170 2.080 5.145 301 22.375 5 3.051 846 18.473 12.153 6.320 13.125 2.261 2.883 47.311 2.041 5.453 327 23.858 1 3.281 1.024 19.552 12.772 6.780 10.742 1.723 3.167 52.489 2.110 6.111 285 25.677 0 4.206 1.364 20.107 12.810 7.?97 13.173 1.722 3.411 53.433 1.693 7.154 262 26.710 6 4.235 1.526 20.943 13.263 7.680 11.738 1.790 4,086 56.332 1.911 7.171 284 28.335 31 4.440 1.696 22.168 13.754 8.414 12.460 1.776 4.395 60.285 1.209 8.116 269 30.801 0 4.525 1.743 24.533 14.925 9.608 13.297 2.005 4.588 63.928 1.229 7.730 260 32.201 29 4.119 1.704 26.349 15.970 10.379 15.144 2.490 4.874 68.312 1.034 8.302 272 34.940 11 4.015 1.703 29.211 17.548 11.663 16.242 2.734 4.788 15 16 17 18 19 20 21 22 252.470 229.615 50.229 69.015 108.760 570 1.041 0 247.963 223.817 50.135 75.350 96.976 570 786 0 246.149 221.578 48.226 82.239 89.338 1.372 307 96 256.382 230.892 47.703 79.398 101.661 797 801 532 264.385 237.981 45.907 84.749 105.529 797 152 847 263.438 235.930 45.642 88.206 100.142 50 638 1.252 271.823 243.141 46.445 98.920 95.307 100 895 1.474 280.037 250.158 46,868 99.820 100.198 145 1.393 1.734 285.127 254,137 48.049 101.073 101.852 180 1.187 1.796 292.443 260.410 48.960 105.797 101.605 190 2.032 1 .826 23 24 25 26 27 2.283 2.507 5.795 10.048 2.222 2.608 2.526 6.098 10.911 2.003 2. 769 2.562 6.185 11.346 1.709 2.832 2.600 6.241 12*280 1.537 2.903 2.639 6.350 13.164 1.348 3.145 2.686 6.426 14.090 1.161 3.380 2.740 6.519 15.006 1.037 3.661 2.760 6.644 15.999 815 3.562 2.806 6,775 17,160 687 3.359 2.830 6,879 18.409 556 other mortgages OTHER LOANS TO RfST OF THE WORLO TO OTHERS taxes receivable TRADE CREDIT MISCELLANEOUS ASSETS TOTAL LIABILITIES CREDIT MARKET INSTRUMENTS SAVINGS BONDS short-term marketable OTHER DIRECT agency ISSUES LOAN PARTICIPATIONS HOME MORTGAGES 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 TRADE DEBT TREASURY CURRENCY LIABILITY 24 25 RETIREMENT FUND RESERVES 26 MISCELLANEOUS liabilities 27 life insurance reserves FEDERALLY SPONSORED CREDIT AGENCIES 1 2 3 4 5 6 7 8 9 10 11 12 13 5.342 132 5.040 976 1.583 86 0 1.497 2.481 371 693 1.417 170 6.317 132 6.066 1.244 2.390 649 0 1.741 2.432 457 747 1.228 119 7.697 113 7.365 1.161 3.553 1.636 0 1.917 2.651 454 932 1.265 219 8.022 125 7.684 1.252 3.468 1.381 0 2.087 2.964 510 1.156 1.298 213 10,312 157 9.908 1.352 4.410 2.050 0 2.360 4.146 622 1.390 2.134 247 11.546 152 11.095 1.497 5,467 2.901 2 2.564 4.131 649 1.501 1.981 299 12.664 207 12.128 1.419 5.700 2.870 2 2.828 5.009 697 1.650 2.662 329 14.331 227 13.744 1.792 5.898 2.834 12 3.052 6.054 735 1.840 3.479 360 15.783 201 15.298 2.204 5.371 2.050 12 3.309 7.723 840 2.099 4.784 284 16.487 187 16.034 1.789 5.715 1.986 11 3.718 8.530 958 2.247 5.325 266 TOTAL FINANCIAL ASSETS DEMAND DEPUSITS ♦ CURRENCY CREDIT MKT. INTRUMENTS U.S. GOVT. SECURITIES MORTGAGES HOME (FNMA) MULTI-FAMILY (FNMA) 14 15 16 17 4.950 3.071 3.005 66 5.912 3.809 3.448 361 7.254 4.929 4.848 81 7.544 4.985 4.925 60 9.804 7.259 7.120 139 11.007 7.897 7.860 37 12.079 8.578 8.474 104 13.691 10.077 9.988 89 15.084 11.524 11.524 0 15.739 12.068 11.937 131 TOTAL LIABILITIES CREDIT MARKET INSTRUMENTS AGENCY SECURITIES U.S. GOVERNMENT LOANS 14 15 16 17 18 19 20 21 1.879 698 990 191 2.103 6B3 1.102 318 2.325 653 1.283 389 2.559 819 1.379 361 2.545 589 1.514 442 3.110 938 1.690 482 3.501 1.180 1.835 486 3.614 1.213 1.884 517 3.560 1.151 1.902 507 3.671 1.199 1.930 542 MISCELLANEOUS LIABILITIES DEPOSITS AT FHLB’S CAPITAL SUBSCRIPTIONS OTHER 18 19 20 21 MONEY AMOUNTS ARF In MILLIONS OF DOLLARS, farm (Flb) OTHER LOANS TO COOPS (BC) TO FARMERS (FICB) TO S ♦ L’S (FHLB) OTHER ASSETS 1 2 3 4 5 6 7 8 9 10 11 12 13 AUGUST. 1973 GOVERNMENTS GOVERNMENTS 90 SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES YEAR-END OUTSTANDINGS. 1965-72 YEAR-END OUTSTANDINGS, 1965 1966 1967 1968 1969 1970 1971 1972 1973 1965-72 1974 STATE ANU LOCAL GOVERNMENTS - GENERAL FUNDS 1 2 3 4 5 6 7 8 9 10 TOTAL FINANCIAL ASSETS DEMAND DEP. ♦ CURRENCY TIME DEPOSITS CREDIT MARKFT INSTRUMENTS U.S. GOVI. SECURITIES DIRECT U.S. GUvT. AGENCY SEC. STATE AND LOCAL OBLIG. HOME MORTGAGES TAXES RECEIVABLE 11 12 13 14 15 16 17 total liabilities CREDIT MARKFT INSTRUMENTS STATE AND LOCAL OBLIG. short-tfhm other OTHEH LOANS TRADE DEBT (U.S. GOVT.) 49.620 12.127 12.186 23.254 18.942 18.074 868 2.167 2.145 2.053 53.549 12.975 13.462 24.842 20.607 20.371 236 2.125 2.110 2.270 57.310 14.128 15.892 24.766 20.489 19.836 653 2.125 2.152 2.524 63.262 13.913 19.110 27.051 22.670 19.347 3.323 2.171 2.210 3.188 65.030 15.326 13.220 33.936 29.541 22.883 6.658 2.236 2.159 2.548 71.611 13.722 23.225 32.974 28.572 22.493 6.079 2.268 2.134 1.690 75.657 12.751 30.384 30.536 26.324 21.298 5.026 2.062 2.150 1.986 86.703 14.570 37.161 32.497 28.430 22.681 5.749 1.907 2.160 2.415 1 2 3 4 5 6 7 8 9 10 106.746 103.055 100.278 5.507 94.771 2.777 3.691 113.511 109.329 105.925 6.168 99.757 3.404 4.182 122.102 117.282 113.703 8.000 105.703 3.579 4.820 132.642 127.212 123.219 8.143 115.076 3.993 5.430 143.829 137.885 133.146 10.909 122.237 4.739 5.944 155.648 149.289 144.473 13.252 131.221 4.816 6.359 173.208 166.280 161.099 15.686 145.413 5.181 6.928 186.080 178.555 173.029 14.690 158.339 5.526 7.525 11 12 13 14 15 16 17 U.S. GOVERNMENT 1 2 3 4 5 6 7 8 9 10 11 12 13 14 TOTAL FINANCIAL ASSETS GOLD ♦ OFF. U.S. FGN. EXCH. DEMAND DEP.AND CURRENCY TIME DEPOSITS CREDIT MARKFT INSTRUMENTS SPONSORED CR. AG. ISSUES HOME MORTGAGES OTHER MORTGAGES OTHER LOANS TO REST OF THE WORLD TO OTHERS TAXES RECEIVABLE TRADE CREDIT MISCELLANEOUS ASSETS 15 16 17 18 19 20 21 22 TOTAL LIABILITIES CREDIT MARKFT INSTRUMENTS SAVINGS BONDS SHOHT-TFRM MARKETABLE OTHER DIRECT AGENCY ISSUES LOAN PARTICIPATIONS HOME MORTGAGES 23 24 25 26 27 LIFE INSURANCE RESERVES TRADE DEBT treasury currency liability retirement fund reserves MISCELLANEOUS LIABILITIES 71.164 1.137 6.902 250 37.672 45 3.886 1.713 32.028 19.028 13.000 17.402 3.122 4.679 75.471 905 6.816 220 42.049 1.356 4.489 1.948 34.256 19.764 14.492 16.680 4.371 4.430 78.856 1.304 8.266 267 46.551 1.269 5.217 2.101 37.964 22.270 15.694 12.293 5.839 4.336 85.948 3.340 6.586 368 51.135 1.404 6.049 2.393 41.289 24.430 16.859 13.992 6.414 4.113 89.605 4.691 7.729 211 53.999 104 6.143 3.006 44.746 26.527 18.219 11.438 7.333 4.204 91.034 3.582 10.181 463 56.736 7 6.003 3.491 47.235 27.774 19,461 9.089 6.556 4.427 95.165 2.094 13.482 529 59.293 3 5.685 3.846 49.759 29.611 20.148 10.422 4.852 4.493 97.741 2.627 13.336 606 61.618 8 5.079 4.209 52.322 31.094 21.228 10.922 4.0J3 4.599 1 2 3 4 5 6 7 8 9 10 11 12 13 14 296.444 262.178 49.595 108.799 99.269 240 2.430 1.845 303.197 265.811 50.249 110.233 99.521 345 3.680 1.783 319.102 278.816 51.139 118.874 98.903 462 7.718 1.720 334.433 292.214 51.512 119.393 108,330 1.931 9.394 1.654 332.018 288.568 51.126 128.400 98.432 1.573 7.464 1.573 346.734 301,370 51.407 133.809 105.628 1.891 7.137 1.498 375.468 327.370 53.832 130.370 132.665 2.531 6.546 1.426 396.4?3 344.687 57.127 143.546 130.113 4,513 8.048 1.340 15 16 17 18 19 20 21 22 3.866 3.064 7.013 19.724 599 4.535 3.963 7.120 20.977 791 5.104 4.646 7.200 22.292 1.044 5.103 5.062 7.186 23.628 1.240 4.775 5.334 7.252 25.147 942 4.193 5.956 7.358 27.528 329 3.516 6.446 7.429 30.371 336 3.398 6.979 7.498 33.524 337 23 24 25 26 27 FEDERALLY SPONSORED CREDIT AGtNCIES 1 TOTAL FINANCIAI ASSETS DEMAND DEPOSITS ♦ CURRENCY 2 CREDIT MKT. INTRUMENTS 3 4 U.S. GOVT. SECURITIES MORTGAGES 5 HOME (FnmA) 6 MULTI-FAMILY (FNMA) 7 8 FARM (FLR) 9 OTHER LOANS TO COOPS (BC) 10 TO FARMERS (FICB, 11 TO S ♦ L'S (FHLB) 12 other ASSETS 13 18.772 172 18.265 1.896 6.801 2.510 10 4.281 9.568 1.055 2.516 5.997 335 23.832 175 23.382 2.680 9.354 4.386 10 4.958 11.148 1.290 2.923 6.935 275 23.724 178 23.289 2.855 11.131 5.513 9 5.609 9.303 1.506 3.411 4.386 257 26.962 181 26.530 2.747 13.293 7.151 16 6.126 10.490 1.577 3.654 5.259 251 36.134 230 35.562 2.502 17.764 11.019 31 6.714 15.296 1.732 4.275 9.289 342 46.929 193 45.442 4,225 23.598 16.090 321 7.187 17.619 2.030 4.974 10.615 1.294 50.339 247 46.244 2.700 29.926 20.868 1.141 7.917 15.618 2.013 5.669 7.936 1.848 56.949 199 54.257 1.282 )36.602 1 25.171 2.324 9,107 16.3T3 2.2*8 6.096 7.979 2.493 1 2 3 4 5 6 7 8 9 10 11 12 13 14 TOTAL LIABILITIES CREDIT MARKET INSTRUMENTS 15 AGENCY SECURITIES 16 U.S. GOVERNMENT LOANS 17 17.969 14.182 13.846 336 22.983 19.007 18.904 103 22.833 18.386 18.350 36 26.056 21.862 21.579 283 35.193 30.645 30.645 0 45.971 38.879 38.879 0 49.286 43.175 43.175 0 55.7^0 49.357 49.357 0 14 15 16 17 3.787 1.045 2.029 713 3.976 1.037 2.293 646 4.447 1.432 2.371 644 4.194 1.383 2.218 593 4.548 1.041 2.426 1.081 7.092 2.330 2.732 2.030 6.111 1.789 2.849 1.473 6.393 1.548 3.107 1.738 18 19 20 21 18 19 20 21 MISCELLANEOUS LIABILITIES DEPOSITS AT FHLB'S CAPITAL SUBSCRIPTIONS other MONEY AMOUNTS ARF IN MILLIONS OF DOLLARS. AUGUST. 1973 BANKING BANKING 91 SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES YEAR-END OUTSTANDTNGS, 1945-54 1945 1946 1947 YEAR-END OUTSTANDINGS, 1948 1949 1950 19S1 1952 1953 1954 i-54 1945- MONETARY AUTHORITIES 1 2 3 4 5 6 7 8 9 10 11 12 49.339 20.065 4.183 578 202 24.311 24.262 NA NA 0 0 49 49.029 20.529 4.406 580 16 23.498 23.350 NA NA 0 0 148 50.061 22.475 4.406 535 34 22.611 22.559 NA NA 0 0 52 52.494 23.963 4.433 541 33 23.524 23.333 NA NA 0 0 191 48.088 24.147 4.442 534 8 18.957 18.885 NA NA 0 0 72 49.368 22.672 4.480 1.368 67 20.781 20.778 NA NA 0 0 3 52.229 22.667 4.553 1.184 19 23.806 23.801 13.564 10.237 0 0 5 53.639 23.157 4.656 967 127 24.732 24.698 14.555 10.143 0 0 34 53.605 21.987 4.738 935 13 25.932 25.915 16.518 9.397 0 0 17 52.390 21.676 4.829 808 10 25.067 24.933 19.865 5.068 0 0 134 TOTAL FINANCIAL ASSETS 13 14 15 49.758 1.869 15.915 49.366 2.046 16.139 50.392 2.216 17.899 52.772 1.978 20.479 48.332 2.015 16.563 49.627 2.174 17.681 52.458 2.697 20.056 53.824 2.753 19.950 53.749 2.512 20.160 52.497 2.469 18.876 TOTAL LIABILITIES vault cash OF COMM. BANKS 16 17 18 19 20 21 31.114 3.264 1.204 26.646 143 717 30.377 2.665 806 26.906 1*3 661 29.290 2.206 432 26.652 143 844 29.353 2.448 659 26.246 143 819 28.525 2.133 807 25.585 143 1.086 28.175 1.961 647 25.567 143 1.454 28.560 1.517 534 26.509 143 1.002 29.899 1.659 560 27.680 142 1.080 29.80b 1.107 430 28,269 156 1.115 29.893 1.359 494 28.040 125 1.134 gold and foreign exchange TREASURY CURR. ♦ sDR. CTFS. F.R. FLOAT F.R. LOANS TO DOMESTIC BANK; credit market instruments U.S. GOVT. SECURITIES SHORT-TERM direct OIHER direct agency issues ACCEPTANCES BANK LOANS N.E.C. member bank reserves demand DEPOSITS ♦ CURRENCY DUE TO U.S. GOVERNMENT DUE TO REST OF THE WORLD CURRENCY OUTSIDE BANKS TAXES PAYABLE OIHER 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 commercial BANKING (1) 1 2 3 4 5 6 7 a 143.743 182 124.619 117.793 92.319 NA NA 878 134.201 161 114.630 111.470 76.541 NA NA 1.035 138.482 159 116.746 114.690 70.882 NA NA 1.055 139.472 150 115.249 112.935 65.161 NA NA 1.983 141.948 142 121.498 118.804 69.652 NA NA 2.061 150.329 137 128.295 125.328 64.517 NA NA 1.869 159.801 174 134.705 131.986 63.790 17.343 44.835 1.612 169.212 170 143.991 140.615 65.944 24.313 39.721 1.910 173.523 173 148.193 144.314 67.525 32.750 31.374 3.401 183.234 167 158.716 153.832 73.269 17.827 51.921 3.521 9 10 ll 12 13 11.198 4.197 2.226 2.875 1.900 14.102 4.626 2.239 4.576 2.661 17.159 5.518 2.194 6.303 3.144 18.720 5.908 1.915 7.396 3.501 20.537 6.806 2.086 7.956 3.689 24.306 8.403 2.240 9.481 4.182 26.444 9.499 2.213 10.275 4.457 28.458 10.508 2.083 11.250 4.617 30.118 11.165 2.103 12.025 4.825 33.429 12.928 1.927 13.300 5.2Z4 OTHER SECURITIES ♦ MTGS 9 STaTE ♦ LOCAL OBLIG. 10 CORPORATE BONDS 11 home mortgages 12 other mortgages 13 14 15 16 17 18 14.276 1.420 12.579 223 54 20.827 2.575 17.762 404 86 26.649 3.828 22.188 493 140 29.054 4.790 23.591 481 192 28.615 5.773 22.106 499 237 36.505 7.374 28.147 686 298 41.752 7.455 32.883 1.025 389 46.213 9.368 35.205 1.276 364 46.671 10.897 34.177 1.165 432 47.134 10.892 34.628 1.147 467 other CR. EXC. SECURITY 14 19 20 3 6.823 3 3.157 4 2.052 4 2.310 5 2.689 6 2.961 8 2.711 13 3.363 16 3.863 30 4.854 21 22 23 24 1.869 15.915 29 1.129 2.046 16.139 44 1.181 2.216 17.899 60 1.402 1.978 20.479 81 1.535 2.015 16.563 122 1.608 2.174 17.681 154 1.888 2.697 20.056 200 1.969 2.753 19.950 247 2.101 2.512 20.160 260 2.225 2.469 18.876 300 2.706 25 26 27 28 135.756 101.659 24.510 77.149 125.591 87.835 2.989 84.846 129.397 90.064 1.343 88.721 130.007 89.488 2.338 87.150 132.042 90.329 3.071 87.258 139.860 95.924 2.806 93.118 148.786 102.743 3.359 99.384 157.622 107.902 4.941 102.961 161.362 108.025 4.146 103.879 170.186 112.538 4.172 108.366 29 30 31 32 30.416 0 30.355 61 34.231 0 34.154 77 35.602 0 35.545 57 36.202 0 36.152 50 36.695 0 36.622 73 37.031 0 36.938 93 38.767 0 38.659 108 41.885 0 41.725 160 45.348 0 45.138 210 49.179 0 48.920 259 33 34 35 36 37 38 39 40 578 202 29 18 338 2.516 512 2.004 560 16 44 2 354 2.529 535 34 60 9 244 2.849 546 2.303 541 33 81 9 292 3.361 725 2.636 534 8 122 14 336 4,004 1.088 2.916 1.368 67 154 19 453 4.844 1.426 3.418 1.184 19 200 19 615 5,239 1.886 3.353 967 127 247 17 793 5.684 2.021 3.663 935 13 260 17 967 5.797 1.952 3.845 808 10 300 20 941 6.390 2.092 4.298 364 2.165 (1) MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS TOTAL FINANCIAL ASSETS DEMAND DEPOSITS ♦ CURRENCY TOTAL BANK CREDIT CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES short-term direct other DIRECT agency ISSUES CONSUMER CREDIT BANK LOANS N.E.C. OPEN-MARKET PAPER HYPOTHECATED DEPOSITS 1 2 3 4 5 6 7 8 15 16 17 18 CORPORATE EQUITIES SECURITY CREDIT 19 20 VAULT CASH MEMBER Bank RESERVES OTHER INTERBANK CLAIMS 21 22 23 24 miscellaneous assets TOTAL LIABILITIES DEMAND DEPOSITS, NET U.S. GOVERNMENT other 25 26 27 28 TIME DEPOSITS LAHGE NEGOTIABLE CD’S OTHER AT COMMERCIAL BANKS AT FOREIGN BANKING AG. 29 30 31 32 FEDERAL RESERVE FLOAT borrowing at f. r. BANKS 33 34 35 36 37 38 39 40 other interbank claims CREDIT MARKET DEBT taxes payable MISCELLANEOUS liabilities liar. TO FGN. AFFILIATES OTHER CONSISTS OF CHARTERED COMMERCIAL BANKS,, THEIR DOMESTIC AFFILIATES, EDGE ACT CORPORATIONS, AGENCIES OF FOREIGN BANKS, AND BANKS IN U.S POSSESSIONS. EDGF ACT CORPORATIONS ANO AGENCIES OF FOREIGN BANKS APPEAR TOGETHER IN THESE I ABLES AS "FOREIGN RANKING AGENCIES." AUGUST* 1973 BANKING BANKING 92 SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES year-end OUTSTANDINGS. 1955-64 YEAR-END OUTSTANOTNGS* 1955-64 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 MONETARY AUTHORITIES 1 2 3 4 5 6 7 8 9 10 11 12 TOTAL FINANCIAL ASSETS GOLD AND FOREIGN EXCHANGE TREASURY CURR. ♦ SDR. CTFS. F.R. FLOAT F.R. LOANS TO DOMESTIC BANK CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES 13 14 15 TOTAL LIABILITIES 16 17 18 19 20 21 short-term direct OTHER DIRECT AGENCY ISSUES ACCEPTANCES BANK LOANS n.e.c. vault cash of comm, banks MEMBER BANK RESERVES DEMAND DEPOSITS ♦ CURRENCY DUE TO U.S. GOVERNMENT DUE 10 REST OF THE WORLD CURRENCY OUTSIDE BANKS taxes payabi e OTHER 52.988 21.629 4.852 1.585 107 24.815 24.785 21.208 3.577 0 28 2 53.500 21.890 4.910 1.665 25 25.010 24.915 22.205 2.710 0 69 26 53.525 22.752 4.990 1.424 50 24,309 24.238 21.810 2.428 0 66 5 53.332 20.499 5.078 1.296 46 26.413 26.346 20.995 5.351 0 49 18 53.320 19.394 5.155 1.590 453 26.728 26.648 20.192 6.456 0 75 5 52.246 17.666 5.242 1.847 25 27.466 27.384 19,242 8.142 0 74 8 53.633 16.842 5.429 2.300 115 28.947 28.881 18.301 10.580 0 51 15 55.293 16.011 5.411 2.903 37 30.931 30.820 20.739 10.081 0 110 1 57.454 15.614 5.422 2.600 31 33.787 33.593 25.578 8.015 0 162 32 60.817 15.638 5.249 2.606 156 37.168 37.044 28.202 8.842 0 94 30 1 2 3 4 5 6 7 8 9 10 11 12 53.063 2.682 19.005 53.522 3.261 19.059 53.478 3.335 19.034 53.226 3.249 18.504 53.406 3.012 18.174 52.303 3.346 17.081 53.623 3.689 17.387 55.217 4.519 17.454 57.322 4.259 17.049 61.152 4.532 17.850 13 14 15 30.046 1.161 409 28.476 142 1.188 30.070 1.216 325 28.529 177 955 30.106 1.242 365 28.499 120 883 30.264 1.041 279 28,944 105 1.104 30.827 895 353 29.579 408 9«5 30.611 862 226 29.523 134 1.131 31.410 887 294 30.229 116 1.021 32.088 977 292 30.819 115 1.041 34.890 1.241 216 33.433 124 1.000 36.788 1.432 269 35.087 662 1.320 16 17 18 19 20 21 COMMERCIAL HANKING 1 2 3 4 5 6 7 8 TOTAL financial assets DEMAND DEPOSITS ♦ CURRENCY TOTAL BANK CREDIT CREDIT MARKET INSTRUMENTS 9 10 11 12 13 14 15 16 17 18 (1) 188.529 174 163.757 158.188 64.998 12.787 49.529 2.682 194.662 195 168.528 163.610 61.743 16.407 42.937 2.399 200.399 223 173.625 168.654 61.420 19.636 39.374 2.410 215.627 240 189.146 183.687 70.174 19.782 47.407 2.985 219.860 66 194.207 188.501 61.408 15.902 43.642 1.864 229.760 83 203.686 197.636 63.872 22.880 38.731 2.261 247.749 119 220.054 212.914 70.160 33.437 33.784 2.939 269.273 131 240.030 231.927 71.411 27.680 39.379 4.352 287.464 141 258.589 249.504 68.477 24.029 39.765 4.683 313.461 151 281.777 272.227 68.781 28.198 35.377 5.206 1 2 3 4 5 6 7 8 OTHER SECURITIES ♦ MTGS STATE ♦ LOCAL OBLIG. CORPORATE BONDS HOME MORTGAGES OTHER MORTGAGES 35.829 13.124 1.701 15.075 5.929 37.074 13.067 1.288 16.245 6.474 38.826 14.081 1.408 16.385 6.952 43.552 16.671 1.358 17.628 7.895 46.487 17.078 1.264 19.200 8.945 47.552 17.685 1.061 19.242 9.564 51.786 20.467 878 20.038 10.403 61.480 26.158 846 22.129 12.347 70.355 30.103 838 24.910 14.504 78.552 33.675 901 27.220 16.756 9 10 11 12 13 OTHER CR. EXC. SECURITY 57.361 13.236 42.762 878 485 64.793 14.620 48.691 929 553 68.408 15.780 50.826 1.206 596 69.961 15.936 51.655 1.749 621 80.606 18.809 58.867 2.262 668 86.212 20.556 62.938 1.976 742 90.968 21.421 66.311 2.468 768 99.036 23.695 72.152 2.406 783 110.672 27.228 80.081 2.526 837 124.894 31.044 89.775 3.119 956 14 15 16 17 18 u.s. govt. securities SHORT-TERM DIRECT OTHEH DIRECT AGENCY issues consumer creoit BANK LOANS N.E.C. OPEN-MARKET PAPER HYPOTHECATED DEPOSITS 19 20 CORPORATE EQUITIES SECURITY CREDIT 32 5.537 37 4.881 50 4.921 57 5.402 65 5.641 84 5.966 91 7.049 94 8.009 97 8.988 115 9.435 19 20 21 22 23 24 VAULT CASH MEMBER BANK RESERVES OTHER INTERBANK CLAIMS MISCELLANEOUS ASSETS 2.682 19.005 307 2.604 3.261 19.059 365 3.254 3.335 19.034 372 3.810 3.249 18.504 404 4.084 3.012 18.174 399 4.002 3.346 17.081 476 5.088 3.689 17.387 644 5.856 4.519 17.454 635 6.504 4.259 17.049 667 6.759 4.532 17.850 858 8.293 21 22 23 24 174.933 114.678 3.709 110.969 180.258 116.493 3.733 112.760 185.130 115.841 3.898 111.943 199.465 121.409 4.250 117.159 202.937 122.838 5.050 117.788 211.612 124.891 5.945 118.946 228.403 129.975 5.946 124.029 248.594 134.511 7.158 127.353 267.026 136.674 6.548 130.126 291.215 143.364 6.510 136.854 25 26 27 28 50.504 0 50.257 247 52.614 0 52.311 303 58.023 0 57.78* 239 65.986 0 65.765 221 67.788 0 67.541 247 73.623 1.095 72.241 287 83.040 3.223 79.487 330 98.615 6.200 92.080 335 113.024 9.879 102.748 39 7 127.587 12.585 114,579 423 29 30 31 32 1.585 107 307 20 565 7.167 2.188 4.979 1.665 25 365 25 871 8.200 2.551 5.649 1.424 50 372 38 952 8.430 2.35b 6.0 74 1.296 46 404 46 929 9.349 2.546 6.803 1.590 453 399 44 469 9.356 2.591 6.765 1.847 25 476 15 1.468 9.267 3.503 5.764 2.300 115 644 26 577 11.726 3.770 7.956 2.903 37 635 11 1.072 10.810 3.661 7.149 2.600 31 667 273 621 13.136 4.033 9.103 2.606 156 858 1.480 834 14.330 4.593 9.737 33 34 35 36 37 38 39 40 25 26 27 28 TOTAL LIABILITIES DEMAND DEPOSITS, NET U.S, GOVERNMENT OTHER 29 30 31 32 time deposits 33 34 35 36 37 38 39 40 FEDERAL RESERVE FLOAT BORROWING AT F. R. BANKS OTHER INTERBANK CLAIMS CREDII MARKE1 DEBT TAXES PAYAbi E MISCELLANEOUS LIABILITIES LIAB. TO FGN. AFFILIATES OTHER (1) LARGE NEGOTIABLE CD'S other at commercial banks AT FOREIGN BANKING AG. CONSISTS OF CHARTERED COMMERCIAL BANKS, THEIR DOMESTIC AFFILJ:ates. EDGE ACT CORPORATIONS, AGENCIES OF FOHEIGN BANKS, AND BANKS IN U.S. POSSESSIONS. EDGE ACT CORPORATIONS ANq AGENCIES OF FOREIGN HANKS APPEAR TOGETHER IN THESE TABLES AS "FOREIGN BANKING AGENCIES." MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST* 1973 BANKING BANKING 93 SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES YEAR-END OUTSTANDINGS, 1965 YEAR-END OUTSTANDINGS, 1965-72 1966 1967 1968 1969 1970 1971 1972 1973 1965*-72 1974 MONETARY AUTHORITIES 1 2 3 4 5 6 7 8 9 10 11 12 63.072 14.313 5.419 2.248 96 40.996 40.768 31.888 8.880 0 187 41 67.296 13.977 6.161 2.510 173 44.475 44.282 36.481 7.801 0 193 0 72.147 13.526 6.628 2.576 141 49.276 49.112 39.193 9.919 0 164 0 75.791 12.370 6.795 3.443 188 52.995 52.937 32.552 20.385 0 58 0 79.962 12.273 6.848 3.440 183 57.218 57.154 37.610 19.544 0 64 0 85.249 10.905 7.549 4.261 335 62.199 62.142 38.488 23.654 0 57 0 93.529 10.073 8.027 4.343 39 71.047 70.786 39.523 30.695 568 261 0 96.423 10.524 8.713 3.974 1.981 71.231 71.125 41.174 28.732 1.219 106 0 TOTAL FINANCIAL ASSETS GOLD AND FOREIGN EXCHANGE TREASURY CURR. ♦ SDR. CTFS. F.R. FLOAT F.R. LOANS TO DOMESTIC BANK CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES short-term DIRECT OTHER DIRECT 13 14 15 63.575 4.851 18.447 67.781 5.450 19.794 72.604 5.931 21.092 76.227 7.195 21.859 80.358 7.320 22.085 85.624 7.0*7 24.150 93.959 7.541 27.788 95.930 8.666 25.647 TOTAL LIABILITIES VAULT CASH OF COMM. BANKS 16 17 18 19 20 21 38.834 1.428 201 37.205 160 1.283 41.180 1.592 405 39.183 159 1.198 44.156 2.467 396 41.295 176 1.247 45.659 1.455 477 43.727 176 1.338 48.911 1.969 377 46.565 205 1.837 51.979 1.587 346 50.046 225 2.223 56.387 2.484 465 53.438 192 2.051 60.419 2.200 369 57.850 171 1.027 I 2 3 4 5 6 7 8 9 agency issues 10 ACCEPTANCES BANK loans n.e.c. 11 12 13 member bank reserves 14 15 DEMAND DEPOSITS ♦ CURRENCY 16 due to u.s. government DUE TO REST OF THE WORLD CURRENCY OUTSIDE 8ANKS taxes payable other 17 18 19 20 21 commercial BANKING (1) 1 l 2 3 4 5 6 7 8 343.530 144 310.387 300.938 65.991 26.171 34.026 5.794 363.696 176 327.362 317.253 62.853 21.428 35.357 6.068 404.567 226 364.755 353.122 72.258 26.887 36.366 9.005 450.837 249 404.882 391.863 75.512 28.517 36.789 10.206 472.986 284 422.640 410.681 65.496 24.157 31.441 9.898 518.220 387 459.243 445.749 75.923 29.979 32.537 13.407 576.712 514 510.593 496.341 83.567 25,004 40.627 17.936 654,968 683 585.190 566.052 90.030 30.479 37.552 21.999 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS ♦ CURRENCY TOTAL BANK CREDIT CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES 9 10 11 12 13 89.374 38.892 807 30.401 19.274 96.477 41.221 876 32.803 21.577 111.041 50.342 1.680 35.275 23.744 126.573 58.893 1.984 38.765 26.931 132.170 59.536 1.929 41.356 29.349 146.210 70.204 2.731 42.329 30.946 169.332 82.811 4.006 48.020 34.495 194.160 89.129 5.717 57.004 42.310 OTHER SECURITIES ♦ MTGS STATE ♦ LOCAL OBLIG. CORPORATE BONDS HOME MORTGAGES OTHER MORTGAGES 14 15 16 17 18 145.573 35.652 106.162 2.681 1.078 157.923 38.265 115.913 3.745 0 169.823 40.630 123.401 5.792 0 189.778 46.310 139.058 4.410 0 213.015 50.974 157.150 4.891 0 223.616 53.867 162.876 6.873 0 243.442 60.556 175.227 7.659 0 281.862 70.640 203.767 7.455 0 OTHER CR. EXC. SECURITY 14 CONSUMER CREOIT 15 BANK LOANS N.E.C. 16 open-market paper 17 HYPOTHECATED DEPOSITS 18 19 20 172 9.277 235 9.874 299 11.334 365 12.654 414 11.545 508 12.986 491 13.761 620 18.518 corporate equities security credit 21 22 23 24 4.851 18.447 920 8,781 5.450 19.794 929 9.985 5.931 21.092 1.881 10.682 7.195 21.859 2.581 14.071 7.320 22.085 4.200 16.457 7.047 24.150 5.892 21.501 7.541 27.788 7.556 22.720 8.666 25.647 8.984 25.798 MEMBER Bank reserves OTHER INTERBANK CLAIMS MISCELLANEOUS ASSETS 25 26 27 28 320.017 148.586 5.525 143.061 338.977 150.145 4.992 145.153 378.163 162.164 5.234 156.930 422.652 175.440 5.010 170.430 443.779 180.385 5.054 175.331 487.183 191.594 7.938 183.656 5*3.261 204.589 10.169 194.420 618.349 220.941 10.875 210.066 29 30 31 32 147.695 16.251 130.946 498 159.834 15.659 143.639 536 183.748 20.330 162.771 647 204.469 23.468 180.200 801 195.125 10.919 183.174 1.032 233.090 26.074 205.608 1.408 274.453 34.759 238.026 1.668 316.796 44.519 271.071 1.206 33 34 35 36 37 38 39 40 2.248 96 920 3.355 702 16.415 4.665 11.750 2.510 173 929 3.318 671 21.397 7.607 13.790 2.576 141 1.881 3.409 590 23.654 8.310 15.344 3.443 188 2.581 4.761 539 31.231 10.628 20.603 3.440 183 4.200 10.855 617 48.974 18.564 30.410 4.261 335 5.892 5.813 957 45.241 11.625 33.616 4.343 39 7.556 8.856 930 42.*95 7.556 34.939 3.974 1.981 8.984 13.148 730 51.795 8.489 43.306 (1) MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS, short-term direct other DIRECT AGENCY issues vault cash TOTAL LIABILITIES DEMAND DEPOSITS, NET U.S. GOVERNMENT OTHER TIME DEPOSITS LARGE NEGOTIABLE CD'S 2 3 4 5 6 7 8 9 10 11 12 13 19 20 21 22 23 24 25 26 27 28 29 30 other at commercial banks 31 at FOREIGN BANKING AG. 32 FEDERAL reserve float BORROWING AT F. R. BANKS OTHER INTERBANK CLAIMS CREDIT market deht TAXES PAYABLE miscellaneous liabilities liab. TO fgn. affiliates other CONSISTS OF CHARTERED COMMERCIAL BANKS, THEIR DOMESTIC AFFILIATES, EDGE ACT CORPORATIONS, AGENCIES OF FOREIGN BANKS, AND BANKS IN U.S, POSSESSIONS. EDGE ACT CORPORATIONS AND AGENCIES OF FOREIGN BANKS APPEAR TOGETHER In THESE TABLES AS "FOREIGN RANKING AGENCIES." 33 34 35 36 37 38 39 40 AUGUST. 1973 COMMERCIAL BANKING SUBSECTORS 94 COMMERCIAL BANKING SUBSECTORS ASSETS ANO LIABILITIES OF COMPONENT GROUPS OF COMMERCIAL BANKING YEAR-END OUTSTANDTNGS. 1945-54 YEAR-tNU OUTSTANDINGS. 1945 1946 1948 194 7 1950 1949 1952 1951 1945-54 1954 1953 COMMERCIAL BANKS 1 2 3 4 5 6 TOTAL FINANCIAL ASSETS TOTAL BANK CREDIT credit market instruments U.S. GOvT SECURITIES direct AGENCY ISSUES 142.408 123.645 116.822 91.484 90.606 878 132.819 113.653 110.496 75.815 74.780 1.035 137.063 115.816 113.764 70.276 69.221 1.055 137.993 114.249 111.939 64.605 62.622 1.983 140.152 120.285 117.646 69.066 67.005 2.061 148.206 126.883 124.022 63.896 62.027 1.869 157.245 133.032 130.471 63.136 61.524 1.612 166.307 142.092 138.929 65.228 63.318 1.910 170.496 146.227 142.664 66.827 63.426 3.401 179.823 156.517 152.063 72.502 68.981 3.521 1 2 3 4 5 6 7 8 9 10 11 OTHER SECURITIES ♦ MTG. STATE ♦ LOCAL OBLIG. CORPORATE BONDS HOME MORTGAGES OTHER MORTGAGES 11.157 4.170 2.226 2.866 1.895 14.029 4.595 2.224 4.559 2.651 17.071 5.4 79 2.189 6.275 3.128 18.574 5.861 1.900 7.342 3.471 20.359 6.748 2.059 7.887 3.665 24.085 8.317 2.219 9.390 4.159 26.181 9.393 2.198 10.159 4.431 28.177 10.389 2.068 11.133 4.587 29.804 11.021 2.084 11.906 4.793 33.117 12.786 1.910 13.180 5.241 7 8 9 10 11 12 13 14 15 16 OTHER CR. EXC. SECURITY CONSUMER CREDIT BANK 1 OANS N.E.C. OPEN-MARKET PAPER SECURITY CREDIT 14.181 1.420 12.484 277 6.823 20.652 2.575 17.587 490 3.157 26.417 3.828 21.956 633 2.052 28.7b0 4.790 23.297 673 2.310 28.221 5.773 21.712 736 2.639 36.041 7.374 27.683 984 2.861 41.154 7.455 32.285 1.414 2.561 45.524 9.368 34.516 1.640 3.163 46.033 10.897 33.539 1.597 3.563 46,444 10.892 33.938 1.614 4.454 12 13 14 15 16 17 16 19 INTERBANK CLAIMS VAULT CASH + MEM. BK. HES. DEP. AT FGn. BANKING AG. 17.790 17.784 6 18.190 18.185 5 20.121 20.115 6 22.463 22.457 6 18.587 18.578 9 19.867 19.855 12 22.769 22.753 16 22.722 22.703 19 22.691 22.672 19 21.368 21.345 23 17 18 19 20 MISCELLANEOUS ASSETS 973 976 1.126 1.281 1.280 1.456 1.444 1.493 1.578 1.938 20 21 22 23 24 TOTAL LIABILITIES DEMAND DEPOSITS. NET U.S. GOVERNMENT OTHER 134.421 101.444 24.510 76.934 124.209 87.683 2.989 84.694 127.978 89.926 1.343 88.583 128.528 89.377 2.338 87.039 130.246 90.165 3.071 87.094 137.737 95.691 2.806 92.885 146.230 102.435 3.359 99.076 154.717 107.542 4.941 102.601 158.335 107.644 4.146 103.498 166.775 112.081 4.172 107.909 21 22 23 24 30.355 0 30.355 34.154 0 34.154 35.545 0 35.545 36.152 0 36.152 36.622 0 36.622 36.938 0 36.938 38.659 0 38.659 41.725 0 41.725 45.138 0 45.138 48.920 0 48.920 25 26 27 1.322 967 127 206 0 0 22 1.189 935 13 218 0 0 23 1.095 808 10 249 0 0 28 28 29 30 31 32 33 34 0 0 967 0 0 941 35 36 37 3.335 661 2.674 3.397 570 2.827 3.738 509 3.229 38 39 40 25 26 27 TIME DEPOSITS LARGE NEGOTIABLE CD’S OTHtR 28 29 30 31 32 33 34 INTERBANK LIABILTIES F.R. FLOAT BORROWING AT F.R, BANKS DEM. DEP. OF FGN. BK. AG. TIME DEP. OF FGN. BK. AG. LOANS FROM AFFILIATES LOANS FROM FGN. BK. AG. 803 578 202 20 0 0 3 635 580 16 31 0 0 8 623 535 34 47 0 0 7 649 541 33 69 0 0 6 655 534 8 103 0 0 10 1.577 1.368 67 129 0 0 13 1.387 1.184 19 167 0 0 17 35 36 37 CORPORATE BONDS SECURITY RP•S PROFIT TAX 1 IABILITIES 0 0 338 0 0 354 0 0 244 0 0 292 0 0 336 0 0 453 0 0 615 38 39 40 MISCELLANEOUS LIABILITIES LIAB. TO FGN. BRANCHES OTHER 1.481 411 1.070 1.383 195 1.188 1.640 250 1.390 2.058 262 1.796 2.468 391 2.077 3.078 552 2.526 3.134 715 2.419 0 x 0 793 DOMESTIC AFFILIATES OF COMMERCIAL BANKS 1 TOTAL FINANCIAL ASSETS BANK LOANS N.E.C. 2 LOANS TO AFFILIATE BANKS 3 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 0 0 0 1 2 3 4 TOTAL LIABILITIES COMMERCIAL PAPER ISSUES 5 MISCELLANEOUS LIABILITIES 6 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 0 0 0 4 5 6 euge act CORPORATIONS AND AGtNCIES OF FOREIGN BANKS TOTAL FINANCIAI ASSETS 421 484 558 687 1.021 1.301 1.710 2.028 2.148 2.493 1 339 236 8 0 95 0 381 192 14 0 175 0 421 168 20 1 232 0 511 191 26 0 294 0 696 265 37 0 394 0 836 327 45 0 464 0 1.061 402 60 1 598 0 1.206 445 71 1 689 0 1.166 435 92 1 638 0 1.266 490 84 2 690 0 2 3 4 5 6 7 3 0 20 0 3 56 3 0 31 0 8 61 4 0 47 0 7 79 4 0 69 0 6 97 5 50 103 0 10 157 6 100 129 0 13 217 8 150 167 0 17 307 13 200 206 0 22 381 16 300 218 0 23 425 30 400 249 0 28 520 8 9 10 11 12 13 14 NET INCREASE In LIABILITIES OEM. DEP. IN MONEY SUPPLY 15 TIME DEPOSITS 16 DEPOSITS OF RANKS 17 LOANS FROM HANKS 18 421 215 61 6 18 484 152 77 5 2 558 138 57 6 9 687 111 50 6 9 1.021 164 73 9 14 1.301 233 93 12 19 1.710 308 108 16 19 2.0?8 360 160 19 17 2.148 381 210 19 17 2.493 457 259 23 20 14 15 16 17 18 MISCELLANEOUS LIABILITIES DUE TO FGN. AFFILIATES OTHER 121 101 20 248 169 79 348 296 52 511 463 48 761 697 64 944 874 70 1.259 1.171 88 1.472 1.360 112 1.521 1.382 139 1.734 1.583 151 19 20 21 1 2 3 4 5 6 7 8 9 10 11 12 13 19 20 21 CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES S. ♦ L. GOVT. SECURITIES CORPORATE BONDS BANK LOANS N.E.C. OPEN-MARKET PAPER CORPORATE EUUlTIES SECURITY CREOIT DEM. DEPOSITS AT COM. BANKS TIME DEPOSIIS AT COM. BANKS LOANS TO BANKS MISCELLANEOUS ASSETS , BANKS IN U. S. POSSESSIONS 1 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS ♦ CURRENCY 2 CREDIT MARKET INSTRUMENTS 3 U.S. GOVT. SECURITIES 4 STATE ♦ LOCAL GOVT. SEC. 5 CORPORATE BONDS 6 MORTGAGES 7 HOME MORTGAGES 8 COMMERCIAL MORTGAGES 9 MISCELLANEOUS ASSETS 10 914 182 632 599 19 0 14 9 5 100 898 161 593 534 17 15 27 17 10 144 861 159 505 438 19 4 44 28 16 197 792 150 485 365 21 15 84 54 30 157 775 142 462 321 21 27 93 69 24 171 822 137 470 294 41 21 114 91 23 215 846 174 454 252 46 14 142 116 26 218 877 170 480 271 48 14 147 117 30 227 879 173 484 263 52 IB 151 119 32 222 918 167 503 277 58 15 153 120 33 248 1 2 3 4 5 6 7 8 9 10 11 DEPOSIT LIABILITIES 914 898 861 792 775 822 846 877 879 918 11 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS, AUGUST* 1973 COMMERCIAL HANKING SUBSECTOhS COMMERCIAL HANKING SUBSECTORS 95 ASSETS ANO LIABILITIES OF COMPONENT GROUPS OF COMMERCIAL BANKING YEAH-END OUTSTANDINGS. 1955 YEAR-END OUTSTANDINGS, 1955-64 1956 1958 1957 1961 1960 1959 1962 1955--64 1964 1963 COMMERCIAL BANKS 1 2 3 4 5 6 185.025 161.434 156.397 64.274 61.592 2.682 190.568 165.947 161.666 60.951 58.552 2.399 196.085 170.985 166.764 60.649 58.239 2.410 210.916 186.286 181.625 69.361 66.376 2.985 215.893 191.671 186.803 60.801 58.937 1.864 225.137 200.878 195.761 63.264 61.003 2.261 242.702 217.059 210.869 69.517 66.578 2.939 263.973 237.000 229.700 70.786 66.434 4.352 281.585 255.213 247.313 67.923 63.240 4.683 306.176 278.270 269.886 68.197 62.991 5.206 TOTAL FINANCIAL ASSETS TOTAL BANK CREUII CREDIT MARKET INSTRUMENTS U.S. GOVT SECURITIES OIRECT AGENCY ISSUES 1 2 3 4 5 6 7 8 9 10 11 35.392 12.898 1.681 14.931 5.882 36.676 12.901 1.265 16.090 6.420 38.414 13.915 1.391 16.228 6.880 43.089 16.505 1.333 17.443 7.808 46.262 16.958 1.245 19.135 8.924 47.326 17.569 1.045 19.172 9.540 51.533 20.345 868 19.950 10.370 61.083 25.960 836 21.994 12.293 69.973 29.972 818 24.739 14.444 78.108 33.534 899 27.003 16.672 OTHER SECURITIES ♦ MTG. STATE ♦ LOCAL OBLIG. corporate BONDS HOME MORTGAGES OTHER MORTGAGES 7 8 9 10 11 12 13 14 15 16 56.731 13.236 42.132 1.363 5.037 64.039 14.620 47.937 1.482 4.281 67.701 15.780 50.119 1.802 4.221 69.175 15.936 50.869 2.370 4.661 79.740 18.809 58.001 2.930 4.868 85.171 20.556 61.897 2.718 5.117 89.819 21.421 65.242 3.156 6.190 97.831 23.695 71.105 3.031 7.300 109.417 27.228 78.954 3.235 7.900 123.581 31.044 88.590 3.947 8.384 17 18 19 21.710 21.687 23 22.348 22.320 28 22.398 22.369 29 21.785 21.753 32 21.206 21.186 20 20.433 20.427 6 21.133 21.076 57 22.070 21.973 97 21.37b 21.308 68 22.397 22.382 15 OTHEP CR. EXC. SECURITY 12 13 CONSUMER CREDIT 14 BANK LOANS N.E.C. opfn-market paper 15 SECURITY CREDIT 16 interbank claims VAULT CASH ♦ MEM. BK. RES. DEP. AT FGN. BANKING AG. 17 18 19 20 1.881 2.273 2.702 2.845 3.016 3.826 4.510 4.903 4.996 5.509 MISCELLANEOUS ASSETS 20 21 22 23 24 171.429 114.202 3.709 110.493 176.164 115.934 3.733 112.201 180.816 115.203 3.898 111.305 194.754 120.791 4.250 116.541 198.970 121.810 5.050 116.760 206.989 123.743 5.945 117.798 223.356 128.746 5.946 122.800 243.294 133.317 7.158 126.159 261.147 135.577 6.548 129.029 283.930 141.532 6.510 135.022 TOTAL LIABILITIES DEMANO DEPOSITS, NET U.S, GOVERNMENT OTHER 21 22 23 24 25 26 27 50.257 0 50.257 52.311 0 52.311 57.784 0 57.784 65.765 0 65.765 67.541 0 67.541 73.336 1.095 72.241 82.710 3.223 79.487 98.280 6.200 92.080 112.627 9.879 102.748 127.164 12.585 114.579 1.976 1.585 107 253 0 0 31 2.027 1.665 25 299 0 0 38 1.817 1.424 50 301 0 0 42 1.714 1.296 46 327 0 0 45 2.422 1.590 453 331 0 0 48 2.342 1.847 25 417 0 0 53 3.002 2.300 115 529 0 0 58 3.478 2.903 37 485 0 0 53 3.230 2.600 31 529 0 0 70 3.605 2.606 156 546 0 0 297 35 36 37 0 0 565 0 0 871 0 0 952 0 0 929 0 0 469 0 0 1.468 0 0 577 0 0 1.072 233 0 621 773 618 834 38 39 40 4.429 553 3.876 5.021 614 4.407 5.060 331 4.729 5.555 292 5.263 6.728 525 6.203 6.100 948 5.152 8.321 1.033 7.288 7.147 851 6.296 8.859 1.000 7.859 9.404 1.118 8.286 28 29 • 30 31 32 33 34 TIME DEPOSITS LAHGE NEGOTIABLE CD’S OTHER 25 26 27 INTERBANK LIABILTIES F.R. FLOAT BORROWING AT F.R. BANKS DEM. DEP. OF FGN. BK. AG. TIME DEP. OF FGN. BK. AG. LOANS FROM AFFILIATES LOANS FROM FGN. BK. AG. 28 29 30 31 32 33 34 corporatf BONDS SECURITY HP'S PROFIT TAX LIABILITIES 35 36 37 MISCELLANEOUS LIABILITIES LIAB. TO FGN. BRANCHES OTHER 38 39 40 DOMESTIC AFFILIATES OF COMMERCIAL BANKS 1 2 3 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 0 0 0 TOTAL FINANCIAL ASSETS BANK LOANS N.E.C. LOANS TO AFFILIATE BANKS 4 5 6 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 0 0 0 TOTAL LIABILITIES COMMERCIAL PAPER ISSUES MISCELLANEOUS LIABILITIES 1 2 3 4 5 6 EDGE ACT CORPORATIONS> AND AGENCIES OF FOREIGN BANKS 1 2.548 3.055 3.137 3.415 3.356 3.935 4.232 4.362 4.769 6.028 2 3 4 5 6 7 1.264 465 167 2 630 0 1.374 518 101 1 754 0 1.288 487 93 1 707 0 1.382 510 85 1 786 0 1.477 526 85 0 866 0 1.627 507 78 1 1.041 0 1.767 536 81 1 1.069 80 1.870 506 158 1 1.047 158 1.725 399 70 1 1.127 128 1.836 442 80 1 1.185 128 CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES S. ♦ L. GOVT. SECURITIES CORPORATE BONDS BANK LOANS n.e.c. 8 9 10 11 12 13 32 500 253 0 31 468 37 600 299 0 38 707 50 700 301 0 42 756 57 741 327 0 45 863 65 773 331 0 48 662 84 849 417 0 53 905 91 859 529 0 58 928 94 709 485 0 53 1.151 97 1.088 529 0 70 1.260 115 1.051 546 0 297 2.183 CORPORATE EQUITIES 14 15 16 17 18 2.548 476 247 23 20 3.055 559 303 28 25 3.137 638 239 29 38 3.415 618 221 32 46 3.356 1.028 247 20 44 3.935 1.148 287 6 15 4.232 1.229 330 57 26 4.362 1.194 335 97 11 4.769 1.097 397 68 40 6.028 1.832 423 15 89 net increase in liabilities 19 20 21 1.782 1.635 147 2.140 1.937 203 2.193 2.025 168 2.498 2.254 244 2.017 2.066 -49 2.479 2.555 -76 2.590 2.737 -147 2.725 2.810 -85 3.167 3.033 134 3.669 3.475 194 miscellaneous liabilities TOTAL FINANCIAL ASSETS open-market paper security credit DEM. DEPOSITS AT COM. BANKS TIME DEPOSITS AT COM. BANKS LOANS TO BANKS miscellaneous ASSETS DEM. DEP. IN MONEY SUPPLY TIME DEPOSITS DEPOSITS OF BANKS LOANS FROM BANKS DUE TO FGN. AFFILIATES OTHER 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 BANKS IN U. S. POSSESSIONS 5 6 7 8 9 10 956 174 527 259 59 18 191 144 47 255 1.039 195 570 274 65 22 209 155 54 274 1.177 223 602 284 73 16 229 157 72 352 1.296 240 680 303 81 24 272 185 87 376 611 66 221 81 35 19 86 65 21 324 688 83 248 101 38 15 94 70 24 357 815 119 278 107 41 9 121 88 33 418 938 131 357 119 40 9 189 135 54 450 1.110 141 466 155 61 19 231 171 60 503 1.257 151 505 142 61 1 301 217 84 601 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS ♦ CURRENCY CREDIT MARKET INSTRUMENTS U.S. GOVT, SECURITIES STATE ♦ LOCAL GOVT. SEC. CORPORATE BONDS MORTGAGFS HOME MORTGAGES COMMERCIAL MORTGAGES MISCELLANEOUS ASSETS 7 8 9 10 11 956 1.039 1.177 1.296 611 688 815 938 1.110 1.257 DEPOSIT LIABILITIES 11 1 2 3 4 MONEY AMOUNTS ARE IN MILLIONS OF OOLLARS 1 2 3 4 5 6 AUGUST* 1973 COMMERCIAL HANKING SUB8ECTORS 96 COMMERCIAL BANKING SUBSECTORS ASSETS ANO LIABILITIES OF COMPONENT GROUPS OF COMMERCIAL BANKING YEAR-END OUTSTANOTNGS* 1965-72 YEAR-END uUTSTANDINGS* 1965 1967 1966 1968 1959 commercial 1971 1972 1973 1974 banks 336.354 306,803 298.314 65.341 59.547 5.794 355.540 323.153 314.129 62.231 56.163 6.068 395.379 359.959 349.475 71.478 62.473 9.005 438.898 399.534 387.730 74.672 64.466 10.206 452.703 411.735 401.040 64.607 54.709 9.898 490.664 446.429 434.293 75.149 61.742 13.407 547.234 497.483 484.572 82.866 64.930 17.936 624.494 570.977 553.398 88.820 67.028 21.792 1 2 3 4 5 6 OTHER SECURITIES ♦ MTG. STATE ♦ LOCAL OBLIG. CORPORATE BONUS HOME MORTGAGES OTHER MORTGAGES 88.824 38.725 798 30.115 19.186 95.801 41.004 850 32.484 21.463 110.1*7 50.006 1.616 3*.893 23.632 125.660 58.573 1 .908 38.348 26.831 131.053 59.183 1.850 40.907 29.113 144.793 69.637 2.664 41.760 30.732 167.958 82.420 3.938 47.344 34.256 193.272 89.5^4 5.3*8 56.306 *2.084 7 8 9 10 11 OTHER CR. EXC. SECURITY 144.149 35.652 104.866 3.631 8.489 156.097 38.265 114.215 3.617 9.024 167.850 40.630 121.556 5.684 10.484 187.398 46.310 136.806 4.282 11.804 205.380 50.974 149.643 4.763 10.695 214.351 53.867 153.739 8.745 12.136 233.748 60.556 165.661 7.531 12.911 271.304 70.640 193.337 7.327 17.581 12 13 14 15 16 23.335 23.298 37 25.311 25.244 67 27.079 27.023 5b 29.134 29.054 80 29,543 29.405 138 31.531 31.197 334 35.541 35.329 212 37.068 34.313 2.755 17 18 19 1 2 3 4 5 6 TOTAL FINANCIAL ASSETS TOTAL BANK CREDIT CREDIT MARKET INSTRUMENTS U.S. GOVT SECURITIES DIRECT 7 8 9 10 11 12 13 14 15 16 17 18 19 1970 1965-72 agency issues consumer credit bank loans n.e.c. OPEN-MARKET paper SECURITY CREOIT interbank claims VAULT CASH ♦ MEM. BK. RES. DEP. AT FGN. BANKING AG. MISCELLANEOUS ASSETS 6.216 7.076 8.3*1 10.230 11.425 12.704 14.210 16.449 20 DEMAND DEPOSITS* NET U.S. GOVERNMENT OTHER 312.841 146.990 5.525 141.465 330.821 148.597 4.992 143.605 368.975 160.479 5.234 155.245 410.713 172.765 5.010 167.755 423.496 177.372 5.054 172.318 459.627 181.997 7.938 174.059 513.783 195.379 10.169 185.210 587.875 215.175 10.875 204.300 21 22 23 24 25 26 27 TIME DEPOSITS LARGE NEGOTIABLE CD’S OTHER 147.197 16.251 130.946 159.298 15.659 143.639 183.101 20.330 162.771 203.668 23.468 180.200 194.093 10.919 183.174 231.682 26.074 205.608 272.785 34.759 238.026 315.590 44.519 271.071 25 26 27 28 29 30 31 32 33 34 INTERBANK LlABILTlES F.R. FLOAT BORROWING AT F.R. BANKS DEM. DEP. OF FGN. BK. AG. TIME DEP. OF FGN. BK. AG. LOANS FROM AFFILIATES LOANS FROM FGN. BK. AG. 3.227 2.248 96 652 0 0 231 3.545 2.510 173 712 0 0 150 4.542 2.576 141 1.572 0 0 253 6.132 3.443 188 2.278 0 0 223 7.685 3.440 183 3.110 0 585 367 10.154 4.261 335 4.357 55 682 464 11.726 4.343 39 5.645 102 991 606 12.184 3.974 1.981 4.4 02 4*1 899 787 28 29 30 31 32 33 34 35 36 37 CORPORATE HONDS SECURITY RR’S PROFIT TAX | ABILITIES 1.590 1.686 702 1.694 1.490 671 1 .963 1.340 590 2.221 2.349 539 2.339 3.958 617 2.359 676 957 3.0 76 1.737 930 4.127 3.*70 730 35 36 37 38 39 40 MISCELLANEOUS LIABILITIES LIAB. TO FGN. BRANCHES OTHER 11.449 1.383 10.066 15.526 4.036 11.490 16.960 4.241 12.719 23.039 6.039 17.000 37.432 12.822 24.610 31.802 5.655 26.147 28.150 903 27.247 36.599 1.400 35.199 38 39 40 20 21 22 23 24 total liabilities UUMESTIC AFFILIATES OF COMMERCIAL BANKS 1 TOTAL FINANCIAI ASSETS BANK LOAN-3 N.E.C. 2 LOANS TO AFFILIATE BANKS 3 0 0 0 0 0 0 0 0 0 0 0 0 4.531 3.946 585 3.636 2.954 682 3.831 2.840 991 3.197 2.598 599 1 2 3 4 TOTAL LIABILITIES 5 COMMERCIAL PAPER ISSUES MISCELLANEOUS LIABILITIES 6 0 0 0 0 0 0 0 0 0 0 0 0 4.531 4.209 322 3.636 2.349 1.287 3.831 1.973 1.858 3.197 2.637 560 4 5 6 f^ge act CORPORATIONS ANU AGtNClES OF FOREIGN BANKS 5.832 6.536 7.27* 9.773 12.471 20.145 21.363 22.527 1 CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES S. ♦ L. GOvT. SECURITIES CORPORATE BONOS BANK LOANS N.E.C. open-market PAPER 2.028 509 94 1 1.296 128 2.396 459 110 1 1.698 128 2.771 576 218 4 1.8*5 128 3.172 620 167 5 2.252 128 4.504 641 169 5 3.561 128 7.176 497 360 8 6.183 128 7.292 263 167 8 6.726 128 8.134 567 -698 305 7.832 128 2 3 4 5 6 7 CORPORATE EQUITIES SECURITY CREDIT DEM, DEPOSI1S AT COM, BANKS TIME DEPOSITS aT COM. BANKS LOANS TO BANKS MISCELLANEOUS ASSETS 172 788 652 0 231 1.961 235 850 712 0 150 2.193 299 850 1.572 0 253 1.529 365 850 2.278 0 223 2.885 414 850 3.110 0 367 3.226 508 850 4.357 55 464 6.735 491 850 5.645 102 606 6.377 620 937 4.402 441 787 7.206 8 9 10 11 12 13 14 NET INCREASE IN LIABILITIES DEM, OEP. IN MONEY SUPPLY 15 16 TIME DEPOSITS DEPOSITS OF HANKS 17 LOANS FROM HANKS 18 5.832 1.596 498 37 79 6.536 1.548 536 67 134 7.274 1.685 647 56 106 9.773 2.675 801 80 191 12.471 3.013 1.032 138 349 20.145 9.597 1.408 334 429 21.363 9.210 1.668 212 2.070 22.527 5.766 1.206 2.755 2.914 14 15 16 17 18 MISCELLANEOUS LIABILITIES DUE TO FGN. AFFILIATES OTHER 3.622 3.282 34 0' 4.251 3.571 680 4.780 4.069 711 6.026 4.589 1.437 7.939 5.742 2.197 8.377 5.970 2.407 8.203 6.653 1.550 9.886 7.089 2.797 19 20 21 1 2 3 4 5 6 7 8 9 10 11 12 13 19 20 21 TOTAL FINANCIAI ASStTS BANKS IN U. S. POSSESSIONS 1 TOTAL FINANCIAI ASSETS DEMAND OEPOSITS ♦ CURRENCY 2 CREOIT MARKET INSTRUMENTS 3 4 U.S. GOVT. SECURITIES STATE ♦ LOCAL GOVT. SEC. 5 6 CORPORATE RONDS MORTGAGES 7 HOME MORTGAGES 8 9 COMMERCIAL MORTGAGES MISCELLANEOUS ASSETS 10 1.344 144 596 141. 73 8 374 286 88 604 1.620 176 728 163 107 25 433 319 114 716 1.914 226 876 204 118 60 494 382 112 812 2.166 249 961 220 153 71 517 417 100 956 3.281 284 1.191 248 184 74 685 449 236 1.806 3.775 387 1.326 277 207 59 783 569 214 2.062 4.284 514 1.637 438 224 60 915 676 239 2.133 4.750 683 1.924 643 293 64 924 698 226 2.143 1 2 3 4 5 6 7 8 9 10 11 DEPOSIT LIABILITIES 1.344 1.620 1.914 2.166 3.281 3.775 4.284 4.750 11 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS, AUGUST. 1973 NONBANK FINANCE SUMMARY NONBANK FINANCE SUMMARY 97 SECTOR STATEMENTS OF FINANCIAL ASSETS ANO LIABILITIES YEAR-END OUTSTANOTNGS. 19*5 19*5-54 19*6 19*7 YEAR-END OUTSTANDINGS, 19*8 19*9 1950 PRIVATE nonbank FINANCIAL 1951 1952 1953 19*5--5* 195* INSTITUTIONS - TOTAL 1 2 3 * 92.1** 3.719 1*0 135 99.535 *.*07 161 137 107.500 *.735 211 103 117.1*5 4.869 230 67 129.258 5.126 222 29 1*2.662 5.773 168 0 153.692 6.331 187 112 171.336 6.47* 219 14* 189.823 6.784 243 145 212.188 7.096 270 211 5 6 7 8 9 10 11 12 13 1* 15 16 *.626 79.33* *0.798 2.253 14.168 9.*50 6.938 1.055 *.672 1.252 361 2.577 *.817 86.441 *2.5** 2.189 16.380 11.638 7.*01 1.725 *.56* 59* *78 2.500 5.165 93.56* *1.275 2.269 20.1*3 14.561 8.226 2.715 *.375 636 578 2.508 5.453 102.858 38.916 2.920 25.337 17.9*0 9.437 3.695 *.613 605 652 2.411 7.958 111.690 38.09* 3.567 28.7*3 21.010 10.798 *.931 4.5*7 969 723 2.5*1 9.305 122.292 36.417 4.303 31.6*1 26.528 12.29* 6.167 4.9*2 1.492 7*0 2.892 10.176 131.26* 33.526 4.826 35.463 31.338 14.232 6.526 5.353 1.421 850 3.351 11.862 1*6.30* 34.01* 5.4*1 *0.538 36.455 15.695 8.257 5.90* 1.502 948 3.883 12.936 162,570 34.536 6.856 *5.262 *2.519 16.987 10.177 6.233 1.866 1.006 *.273 17.721 178.276 34.187 8.519 *9.477 50.390 18.324 10.891 6.488 2.672 1.064 4.878 STATE ♦ LOCAL OBLIG. CORPORATE ♦ FGN. BONDS HOME MORTGAGES OTHtR MORTGAGES CONSUMER CREDIT OTHtR LOANS SECURITY CREDIT TRADE CREDIT MISCELLANEOUS ASSETS 11 12 13 1* 15 16 17 18 19 80.065 23.085 **.025 86.805 25.805 *7.799 9*.316 28.029 51.7** 103.293 29.972 56.003 114.430 32.460 60.467 126.08* 34.867 66.2*6 136.363 38.082 71.657 152.355 *3.156 78.436 169.500 48.922 85.807 188.629 55.6*0 93.630 TOTAL LIABILITIES TIME ♦ SAVINGS ACCOUNTS INSURANCE AND PENSION RES, 17 18 19 20 1.26* 1.297 1.412 1.515 3.070 3.3*4 3.481 3.931 4.146 6.109 INVESTMENT COMPANY SHARES 20 21 22 23 2* 25 26 27 28 8*2 195 9 0 369 269 6* 205 1.63* 356 109 0 661 508 207 301 2.440 5*8 189 0 9*2 761 329 *32 3.588 973 231 0 1.367 1.017 508 509 *.*68 1.355 275 0 1.735 1.103 676 *27 6.277 1.735 321 0 2.697 1.52» 71* 810 6.826 2.023 368 0 2.460 1.975 1.06* 911 8.201 2.280 500 0 3.139 2.282 1.418 864 9.870 3.681 550 0 3.044 2.595 1.6*3 952 10.399 4.002 789 0 3.250 2.358 1.491 867 credii market instruments CORPORATE bonds mortgage loans in process other mortgages 21 22 23 2* 25 26 27 28 29 30 31 3.897 105 6.8*7 2.287 103 7.880 1.503 10* 9.08* 1.989 203 10.023 2.509 372 11.08* 2.881 *15 12.05* 2.602 483 13.232 3.056 641 14.934 3.445 936 16.374 4,450 693 17.708 SECURITY CREDIT TAXES PAYABLE MISCELLANEOUS LIABILITIES TOTAL FINANCIAL ASSETS DEMAND DEPOSITS ♦ CURRENCY TIME DEPOSITS (MSP) S*L SHARES (CREDIT UNION) CORPORATE SHARES credit market instruments U.S. govt. SECURITIES BANK LOANS N.E.C. OTHER LOANS open-market paper FHLB LOANS 1 2 3 * 5 6 7 8 9 10 29 30 31 SAVINGS AND LOAN ASSOCIATIONS 1 2 3 * 5 6 7 8 8.747 404 7.818 2.420 5.156 220 22 525 10.202 466 9.206 2.009 6.840 301 56 530 11.687 *62 10.682 1.740 8.475 381 86 543 13.028 530 11.876 1.455 9.841 464 lib 622 14.622 613 13.221 1.462 11.117 499 1*3 788 16.893 700 15.346 1.487 13.116 541 202 847 19.222 805 17.395 1.603 14.844 720 228 1.022 22.660 869 20.497 1.804 17.645 751 297 1.294 26.733 921 24.259 1.946 20.999 963 351 1.553 31.633 1.169 28.557 2.048 25.0U4 1.104 401 1.907 TOTAL FINANCIAL ASSETS DEMAND DEP. ♦ CURRENCY CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES HOME MORTGAGES OTHER MORTGAGES CONSUMER CREDIT MISCELLANEOUS ASSETS 9 10 11 12 13 1* 15 16 8.103 7.386 360 9 146 205 0 357 9.451 8.563 528 109 118 301 0 360 10.832 9.760 737 189 116 432 0 335 12.059 10.969 830 231 90 509 0 260 13.516 12.472 777 275 75 427 0 267 15.613 13.992 1.222 321 91 810 0 399 17.769 16.107 1.374 368 95 911 0 288 21.002 19.195 1.453 500 89 864 8 346 24.832 22.846 1.584 550 82 952 10 392 29.446 27.252 1.751 789 95 867 7 436 TOTAL LIABILITIES 9 10 SAVINGS SHARES CREDIT MKT. INSTRUMENTS 11 MTG. LOANS IN PROCESS 12 BANK LOANS N.E.C. 13 FHLB ADVANCES 1* TAXES PAYABLE 15 MISCELLANEOUS LIABILITIES 16 17 159 231 33* 376 160 586 650 444 394 65 MEMO- PHLR LOANS LESS DEP. 1 2 3 * 5 6 7 8 17 MUTUAL SAVINGS BANKS 1 2 3 16.962 466 140 18.662 654 161 19.724 670 211 20.482 647 230 21.503 650 222 22.446 624 168 23.504 696 187 25.301 698 219 27.199 740 243 29.350 756 270 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS ♦ CURRENCY TIME DEPOSITS 1 2 * 5 6 7 8 9 10 11 12 180 17.483 11.785 63 1.116 2.033 2.408 24 54 1«4 146 18.463 11.978 65 1.470 2.283 2.573 35 59 234 157 19.406 11.550 71 1.872 2.835 2.972 39 67 42 157 20.440 11.461 8b 2.082 3.364 3.341 45 61 34 181 21.426 10.885 88 2.064 4.312 3.950 60 67 47 227 22.283 9.858 140 2.240 5.331 4.585 62 67 111 336 23.915 9.507 335 2.549 6.194 5.186 bb 78 133 431 25.647 9.320 428 2.791 7.373 5.570 78 87 138 571 27.568 8.849 608 2.916 9.002 6.005 85 103 185 CORPORATE SHARES CREDIT MARKET INSTRUMENTS U.S. GUVT. SECURITIES S. ♦ L« GOVT. SECURITIES CORPORATE BONDS HUME MORTGAGES OTHER MORTGAGES CONSUMER CREDIT OTHER LOANS MISCELLANEOUS ASSETS * 13 166 15.996 10.703 93 930 1.894 2.314 21 41 194 14 15 15.333 47 16.813 61 17.759 71 18.400 80 19.287 95 20.025 138 20.900 154 22.610 164 24.388 203 26.351 261 SAVINGS DEPOSITS MISCELLANEOUS LIABILITIES 3 5 6 7 8 9 10 11 12 13 1* 15 CREDIT UNIONS I 2 3 * 5 6 7 386 49 135 182 50 30 102 429 56 137 236 50 35 151 510 67 103 340 65 40 235 603 81 67 455 75 46 334 701 86 29 586 82 6b 438 850 104 0 746 90 66 590 1.075 152 112 Hll 100 77 634 1.351 152 144 1.055 106 112 837 1.688 171 145 1.372 112 136 1.124 2.037 216 211 1.610 120 148 1.342 TOTAL FINANCIAL ASSETS DEMAND DEP. ♦ CURRENCY SAVINGS ♦ LOAN SHARES CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES HOME MORTGAGES CONSUMER CREDIT 2 3 * 5 6 7 8 366 429 510 603 701 850 1.075 1.351 1.688 2.037 CREDIT UNION SHARES 8 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS, AUGUST* 1973 NONBANK finance SUMMARY NONriANK FINANCE SUMMARY 98 SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES YEAR-ENO OUTSTANDTNGS, 1955-64 YEAR-END OUTSTANDINGS, 1955 1956 1957 1958 1959 PRIVATE NONBANK FINANCIAL 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 total financial assets 1961 1960 1962 1963 1955-64 1964 INSTITUTIONS - TOTAL DEMAND DEPOSITS ♦ CURRENCY TIME DEPOSITS (MSB) S+L SHARES (CREDIT UNION) 239.882 7.503 224 231 259.154 7.616 159 265 277.275 7.856 125 240 308.260 8.474 160 398 339.251 8.486 82 329 367.583 8.853 125 147 409.373 9.925 168 307 437.589 10.849 160 351 485.712 10.906 141 402 533.638 11.116 224 505 1 2 3 4 CORPORATE SHARES CREDIT MARKFT INSTRUMENTS U.S. GOVT. SECURITIES STATE ♦ LOCAL OBLIG. CORPORATE ♦ FGN. BONDS HOME MORTGAGES OTHER MORTGAGES CONSUMER CREDIT OTHER LOAMS SECURITY CRFDIT trade CREDIT MISCELLANEOUS ASSETS 23.720 198.648 34.061 9.861 52.647 60.629 20.019 14.094 7.337 3.108 1.156 5.292 25.606 214.954 32.913 11.034 56.975 69.071 21.896 15.425 7.640 3.142 1.291 6.121 25.200 232.859 32.857 12.369 63.162 75.338 23.566 16.431 9.136 2.805 1.451 6.739 35.683 250.744 33.777 13.847 68.614 83.339 25.944 15.886 9.337 3.770 1.599 7.432 41.881 274.851 34.997 15.734 73.030 92.986 28.463 18.387 11.254 3.773 1.782 8.067 45.585 298.139 34.639 17.168 78.078 101.923 31.741 20.556 14.034 3.649 1.934 9.151 60.349 321.339 35.244 18.232 83.726 112.271 36.175 21.120 14.571 4.723 1.993 10.569 57.414 350.371 37.138 18.796 89.720 123.335 42.081 23.572 15.749 4.564 2.2pl 11.679 69.907 383.080 37.236 18.738 96.251 137.358 49.339 26.619 17.539 6.095 2.332 12.849 82.136 417.240 38.974 18.739 102.996 150.304 57.140 29.653 19.434 5.610 2.484 14.323 5 6 7 8 9 10 11 12 13 14 15 16 214.042 62.770 103.799 232.214 70.088 112.202 250.262 76.977 120.492 277.777 85.876 132.620 306.207 94.001 144.715 332.822 103.466 155.342 370.076 114.801 170.567 396.748 127.903 178.986 441.170 143.076 195.412 485.931 158.953 213.269 17 18 19 TOTAL LIABILITIES TIME ♦ SAVINGS ACCOUNiS INSURANCE AND PENSION RES. 20 INVESTMENT COMPANY SHARES 7.838 9.046 8.714 13.241 15.818 17.026 22.875 21.271 25.214 29.116 20 21 22 23 24 25 26 27 28 CREDIT MARkfT INSTRUMENTS CORPORATE BONDS MORTGAGE 1 OANS IN PROCESS OTHER MORTGAGES BANK LOANS N.E.C. OTHER LOANS OPEN-MARKET PAPER FHLB LOANS 15.032 5.353 912 0 5.611 3.156 1. T39 1.417 15.445 6.348 887 0 5.110 3.100 1.872 1.228 16.616 7.058 856 0 5.113 3.589 2.324 1.265 16.279 7.225 1.161 0 4.406 3.487 2.189 1.298 20.098 8.343 1.293 0 5.441 5.021 2.887 2.134 22.892 9.880 1.186 0 6.117 5.709 3.728 1.981 24.857 10.410 1.550 0 6.643 6.254 3.592 2.662 28.769 10.725 1.999 0 7.764 8.281 4.802 3.479 34.707 12.156 2.528 0 9.417 10.606 5.822 4.784 39.092 14.259 2.239 0 9.952 12.642 7.317 5.325 21 22 23 24 25 26 27 28 29 30 31 SECURITY CRFDIT TAXES PAYAHIE MISCELLANEOUS LIABILITIES 4.746 695 19.162 4.158 581 20.694 4.287 683 22.493 4.848 769 24.144 4.887 918 25.770 5.382 896 27.818 6.256 815 29.905 7.216 875 31.728 7.989 927 33.845 8.377 925 36.199 29 30 31 SAVINGS AND LOAN ASSOCIATIONS 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 TOTAL FINANCIAL ASSETS DEMAND DEP. ♦ CURRENCY CREDIT MARKET INSTRUMENTS U.S. GUVT. SECURITIES HOME MORTGAGES OTHER MORTGAGES CONSUMER CREDIT MISCELLANEOUS ASSETS 37.656 1.365 34.347 2.*54 30.001 l.*08 484 1.944 42.875 1.436 39.237 2.948 34.004 1.725 560 2.202 48.138 1.493 44.215 3.572 37.996 2.011 636 2.430 55.139 1.766 50.559 4.181 42.890 2.737 751 2.814 63.530 1.594 58.951 4.935 49.535 3.606 875 2.985 71.476 1.742 66.245 5.171 55.386 4.684 1.004 3.489 82.135 2.135 75.610 5.691 62.395 6.439 1.085 4.390 93.605 2.713 85.914 6.048 69.761 9.009 1.096 4.978 107.559 2.828 99.211 7.047 79.058 11.886 1.220 5.520 119.355 2.816 110.246 7.630 87.172 14.161 1.283 6.293 1 2 3 4 5 6 7 8 total liabilities 35.099 32.142 2.476 912 147 1.417 8 473 39.925 37.148 2.237 887 122 1.228 7 533 44.775 41.912 2.237 856 116 1.265 7 619 51.294 47.976 2.606 1.161 147 1.298 5 707 59.137 54.583 3.680 1.293 253 2.134 6 868 66.493 62.142 3.385 1.186 218 1.981 6 960 76.427 70.885 4,408 1 .550 196 2.6b2 5 1.129 87.085 80.236 5.632 1.999 154 3.4/9 6 1.211 100.350 91.308 7.556 2.528 244 4.78* 89 1.397 111.456 101.887 7.849 2.239 285 5.325 101 1.619 9 10 11 12 13 14 15 16 719 545 612 479 1.545 1.043 1.482 2.266 3.633 4.126 17 SAVINGS SHARES CREDIT MKT. INSTRUMENTS MTG. LOANS IN PROCESS BANK LOANS N.E.C. FHLB ADVANCES TAXES PAYABLE miscellaneous liabilities MEMO- FHLB LOANS LESS DEP. MUTUAL SAVINGS BANKS 1 2 3 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS ♦ CURRENCY TIME DEPOSITS 31.346 742 224 33.381 761 159 35.215 764 125 37.784 761 160 38.945 747 82 40.571 749 125 42.829 769 168 46.121 796 160 49. 102 771 141 54.238 780 224 1 2 3 4 5 6 7 8 9 10 11 12 13 CORPORATE SHARES CREDIT MARKET INSTRUMENTS U.S. GOVI. SECURITIES S. ♦ L. GOVT. SECURITIES CORPORATF BONUS 655 29.530 8.630 646 2.586 11.100 6.357 94 117 195 705 31.537 8,209 675 2.659 12.990 6.756 126 122 219 767 33.283 7.930 685 3.246 14.110 7.059 130 123 27b 862 35.662 7.552 729 3.798 15.640 7.623 150 170 339 813 37.017 7.319 721 3.627 16.887 8.105 18* 174 ?86 829 38.523 6.719 672 3.781 18.369 8.56b 194 222 345 89* 40.577 6.648 677 3.632 20.022 9.123 225 250 421 1.043 43.646 6.681 527 3.516 22.1*9 10.171 252 350 476 1.158 46.970 6.478 440 3.221 24.717 11.507 316 291 662 1.259 51.234 6.496 391 3.052 27.394 13.162 389 350 741 4 5 6 7 8 9 10 11 12 13 28.182 310 30.026 369 31.684 426 34.031 526 34.977 606 36.343 678 38.277 781 41.336 8?8 44.606 943 48.849 989 14 15 14 15 home mortgages OTHER MORTGAGES CONSUMER CREDIT OTHER LOANS MISCELLANEOUS ASSETS SAVINGS DEPOSITS MISCELLANEOUS LIABILITIES CREDIT UNIONS consumer credit 2.446 228 231 1.987 135 174 1.678 2.914 255 265 2.394 150 230 2.014 3.381 282 240 2.859 165 265 2.429 3.869 330 398 3.141 160 293 2.668 4.441 297 329 3.815 190 345 3.280 4.981 334 14 7 4.500 200 377 3.923 5.639 402 30/ 4.930 220 407 4.303 6.331 410 351 5.570 240 455 4.875 7.162 447 402 6.313 285 502 5.526 8,217 515 505 7.197 310 547 6.340 1 2 3 4 5 6 7 CREDIT UNION SHARES 2.446 2.914 3.381 3.869 4.441 4.981 5.639 6.331 7.162 8.217 8 1 2 3 4 5 6 7 TOTAL FINANCIAL ASSETS DEMAND DEP. ♦ CURRENCY SAVINGS ♦ LOAN SHARES CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES HOME MORTGAGES 8 MONEY AMOUNTS ARF IN MILLIONS OF DOLLARS. AUGUST* 1973 NONBANK FINANCE SUMMARY NONBANK FINANCE SUMMARY 99 SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES YEAR-END OUTSTANOTNGS* 1965 1965-72 196b 1967 YEAR-END OUTSTANDINGS. 1968 1970 1969 1971 1972 1973 1965--72 1974 PRIVATE nonbank FINANCIAL INSTITUTIONS - total total financial assets 1 2 3 4 585.533 11.520 211 434 611.246 11.270 171 75 674.407 12.001 205 316 740.767 12.905 157 133 770.181 12.488 56 29 822.710 13.466 300 82 931.803 1061.933 14.278 16.069 452 365 291 709 5 6 7 8 9 10 11 12 13 14 15 16 97.542 451.409 38.828 18.254 110.816 162.244 64.946 33.996 22.325 5.986 2.649 15.782 93.837 *79.663 39.092 18.976 119.849 167.771 71.703 36.700 25.572 5.950 2.898 17.382 122.213 507.217 36.784 20.222 131.775 175.602 78.442 38.180 26.212 9.164 3.176 20.115 147.071 543.661 38.878 21.420 141.618 184.116 85.611 42.007 30.011 12.005 3.476 21.359 142.262 580.792 36.723 22.440 148.539 193.172 93.205 46.796 39.917 8.478 3.898 22.178 150.880 620.493 40.031 24.236 160.697 200.629 103.279 48.616 43,003 7.190 4.370 25.929 193.347 681.324 42.496 28.335 175.646 219.057 117.368 51.901 46.521 9.709 4.661 27.741 234.400 761.804 48.212 31.806 189.119 249.304 134.741 58.341 50.281 13.633 4.950 30.003 17 18 19 534.344 172.048 232.948 561.406 178.982 246.113 620.108 195.817 271.161 660.290 208.437 295.625 713.689 216.364 309.631 764.688 233.406 332.538 864.781 274.232 370.339 985.123 320.627 411.875 20 35.220 34.829 44.701 52.677 48.289 47.618 55.611 59.831 investment company shares 20 21 22 23 24 25 26 27 28 45.137 16.149 2.198 0 12.290 14.500 8.503 5.997 48.337 16.909 1.270 0 11.200 18.958 12.023 6.935 47.853 17.942 2.257 0 9.217 18.437 14.051 4.386 54.952 18.753 2.449 200 11.662 21.888 16.629 5.259 68.388 20.415 2.455 430 14.263 30.825 21.536 9.289 73.074 23.46* 3.078 546 13.662 32.324 21.709 10.615 79.279 27.668 5.072 680 15.058 30.801 22.865 7.936 95.451 33.483 6.225 1.160 21.234 33.349 25.370 7.979 credit market instruments corporate bonds mortgage loans in process other mortgages 21 22 23 24 25 26 27 28 29 30 31 8.737 1.084 39.170 9.576 1.070 42.499 12.7*5 958 46.873 16.199 1.169 51.231 13.173 1.277 56.567 14.153 1.522 62.377 15.287 1.513 68.520 19.385 1.817 76.137 SECURITY CREDIT TAXES PAYABLE MISCELLANEOUS LIABILITIES DEMAND DEPOSITS ♦ CURRENCY TIME DEPOSITS (MSB) S*L SHARES (CREDIT UNION) corpohatf shares CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES STATE ♦ LOCAL OBLIG. CORPORATE ♦ FGN. BONDS HOME MORTGAGES OTHER MORTGAGES CONSUMER CREOIT other loans SECURITY CREDIT trade credit miscellaneous assets total liabilities time ♦ savings accounts insurance and pension res. BANK LOANS N.E.C. OTHER LOANS OPEN-MARKET PAPER FHLB LOANS 1 2 3 4 5 6 7 6 9 10 11 12 13 14 15 16 17 IB 19 29 30 31 SAVINGS AND LOAN ASSOCIATIONS 1 2 3 4 5 6 7 8 129.580 2.855 119.823 8.164 94.225 16.081 1.353 6.902 133.933 2.329 124.362 8.551 97.423 17,004 1.384 7.242 143.534 2.010 133.419 10.133 103.327 18.478 1.481 8.105 152.890 1.579 143.283 10.860 110.295 20.507 1.621 8.028 162.149 1.398 153.170 11.139 117.893 22.339 1.799 7.581 176.183 1.653 164.742 12.293 124,970 25.361 2.118 9.788 206.303 2.169 194.109 17.498 142.909 31.476 2.226 10.025 243.571 2.770 230.588 21.778 167.607 38.780 2.423 10.213 TOTAL FINANCIAL ASSETS DEMAND DEP. ♦ CURRENCY CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES HOME MORTGAGES OTHER MORTGAGES CONSUMER CREDIT MISCELLANEOUS ASSETS 9 10 11 12 13 14 15 16 120.876 110.385 8.654 2.198 459 5.997 104 1.733 124.837 113.969 8.737 1.270 532 6.935 60 2.071 133.988 124.493 7.035 2.257 392 4.386 57 2.403 142.575 131.618 8.167 2.449 459 5.259 81 2.709 150.921 135.538 12.271 2.455 527 9.289 87 3.025 164.192 146.404 14.116 3.078 423 10.615 105 3.567 192.606 174.472 14.119 5.072 1.111 7.936 150 3.865 228.245 207.305 16.091 6.225 1.887 7.979 273 4.576 TOTAL LIABILITIES SAVINGS SHARES CREDIT MKT. INSTRUMENTS MTG. LOANS IN PROCESS 17 4.952 5.898 2.954 3.876 8.248 8.285 6.147 6.431 1 2 3 4 5 6 7 6 9 10 11 12 Bank loans n.e.c. 13 14 FHLB ADVANCES taxfs payable 15 MISCELLANEOUS LIABILITIES 16 MEMO- t-HLB LOANS LESS DEP. 17 mutual savings banks 1 2 3 58.232 806 211 60.982 782 171 66.365 788 205 71.152 839 157 74.206 863 56 78.995 970 300 89.581 937 452 100.593 1.279 365 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS ♦ CURRENCY TIME DEPOSITS 1 2 3 4 5 6 7 8 9 10 11 12 13 1.426 54.949 6.225 320 2.925 30.064 14.553 514 348 840 1.467 57.59b 5.718 251 3.212 31.673 15.664 628 450 966 1.686 62.571 5.372 219 5.287 33.*67 17.023 756 445 1.115 1.937 66.852 5.181 194 6.614 35.047 18.409 889 518 1.367 2.175 69.787 4.671 193 6.946 36.*43 19.695 1.005 834 1.325 2.506 73.520 4.865 197 8.255 37.342 20.606 1.095 1.160 1.697 2.983 62.972 5.223 390 12.571 38.641 23.337 1.195 1.615 2.237 3.600 92.328 5.523 87 3 15.397 41.650 25.906 1.476 1.503 3.021 CORPORATE SHARES CHEDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES S. ♦ L* GOVT. SECURITIES CORPORATE BONDS HOME MORTGAGES OTHER MORTGAGES CONSUMER CREDIT OTHER LOANS MISCELLANEOUS ASSETS 4 5 6 7 8 9 10 11 12 13 14 15 52.443 1.124 55.006 1.113 60.121 1.260 64.507 1.372 67.086 1.585 71.580 1.689 81.441 1.809 91.613 2.024 SAVINGS DEPOSITS MISCELLANEOUS LIABILITIES 14 15 CREDIT UNIONS 1 2 3 4 5 6 7 9.220 545 434 8.241 337 580 7.324 10,007 579 75 9.353 466 633 8.254 11.203 668 316 10.219 548 666 9.003 12.312 661 133 11.518 511 707 10.300 13.740 622 29 13.089 330 731 12.028 15.422 786 82 14.554 768 800 12.986 18.319 842 291 17.186 1.569 847 14.770 21.709 990 709 20.010 2.197 900 16.913 TOTAL FINANCIAL ASSETS DEMAND DEP. ♦ CURRENCY SAVINGS ♦ LOAN SHARES CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES HOME MORTGAGES CONSUMER CHEDIT 1 2 3 4 5 6 8 9.220 10.007 11.203 12.312 13.740 15.422 16.319 21.709 CREDIT UNION SHARES 8 MONEY AMOUNTS ARF IN MILLIONS OF DOLLARS 7 AUGUST* 1973 INSURANCE ♦ PENSION FUNDS 100 INSURANCE ♦ PENSION FUNDS SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES YEAR-END OUTSTANDINGS. YEaR-ENO 1945-54 1945 1946 1947 1948 LIFE 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 total FINANCIAL assets 1949 1950 OUTSTANDINGS, 1945-54 1951 1952 1953 1954 INSURANCE companies DEMAND DEP. ♦ CURRENCY 43.946 780 47.462 774 50.902 1.020 54.523 915 58.391 908 62.602 1.005 66.633 1.085 71.419 1.115 76.550 1.195 82.090 1.200 1 2 CORPORATE SHARES CREDIT MARKET INSTRUMENTS U.S. GovT, SECURITIES STATE AnD LOCAL OBLIG. CORPORATE BONUS HOME MORTGAGES OTHER MORTGAGES OTHER LOANS MISCELLANEOUS ASSETS 999 41.209 20.589 722 11.300 2.306 4.330 1.962 958 1.249 44.405 21.637 614 13.105 2.545 4.610 1.894 1.034 1.390 47.388 20.042 609 16.125 3.497 5.178 1.937 1.104 1.428 50.935 16.815 872 20.358 4.943 5.890 2.057 1.245 1.718 54.428 15.299 1.052 22.931 6.093 6.813 2.240 1.337 2.103 57.908 13.489 1.152 24.752 B.478 7.624 2.413 1.586 2.221 61.551 11.038 1.142 27.467 10.610 8.704 2.590 1.776 2.446 65.916 10.270 1.126 30.5^0 11.757 9.494 2.699 1.942 2.573 70.695 9.876 1.278 33.325 13.195 10.127 2.894 2.087 3.268 75.339 9.121 1.833 35.282 15.153 10.823 3.127 2.283 3 4 5 6 7 8 9 10 11 41.555 35.967 2.700 26 2.862 44.886 38.602 3.100 22 3.162 48.306 41.147 3.600 2 3.557 51.802 43.777 4.200 2 3.823 55.527 46.444 4.825 47 4.211 59.243 49.080 5.600 76 4.487 63.221 51.635 6.575 133 4.878 67.837 54.480 7.700 149 5.508 72.482 57.388 8.825 231 6.038 77.273 60.389 10.000 183 6.701 12 13 14 15 16 TOTAL LIABILITIES LIFE INSURANCE RESERVES PENSION FUND RESERVES TAXES PAYABLE miscellaneous liabilities PRIVATE PENSION FUNDS 1 2 3 4 5 6 7 8 total financial assets DEMAND DEPOSITS ♦ CURRENCY 2.756 81 3.225 101 3.790 131 4.381 161 5.017 204 6.711 264 7.832 329 9.614 310 11.628 366 13.787 357 1 2 CORPORATE SHARES CREDIT MAhkET INSTRUMENTS U.S. govt, securities CORPORATE BONDS HOME MORTGAGES MISCELLANEOUS ASSETS 212 1.563 900 663 0 900 272 2.100 1.150 928 22 752 3b7 2.665 1.400 1.223 42 627 462 3.256 1.650 1.544 62 502 586 3.845 1.900 1.863 82 382 1.105 4.930 2.000 2.828 102 412 1.358 5.703 2.100 3.483 120 442 1.843 6.947 2.250 4.548 149 514 2.392 8.375 2.536 5.647 192 495 3.154 9.773 2.628 6.907 238 503 3 4 5 6 7 6 STATE AND LOCAL GOVT. RETIREMENT FUNDS l 2 3 4 5 6 7 8 9 10 11 total FINANCIAL assets DEMAND DEPOSITS ♦ CURRENCY CORPORATE SHARES CREDIT MARKFT INSTRUMENTS U.S. GOVT. SECURITIES SHORT-TFRM MARKETABLE OTHER DIRECT agency issues STATE AND LOCAL OBLIG. CORPORATE BONDS mortgages 2.602 69 2.872 77 3.207 85 3.645 91 4.181 101 4.855 119 5.615 138 6.642 158 7.966 189 9.454 194 1 2 7 2.526 1.519 NA NA 0 849 140 18 8 2.787 1.671 NA NA 0 935 160 21 10 3.112 1.860 NA NA 0 1.037 190 25 13 3.541 2.073 NA NA 0 1.166 267 35 20 4.060 2.257 NA NA 0 1.349 402 52 29 4.707 2.498 NA NA 0 1.549 585 75 41 5.436 2.918 25 2.893 0 1.712 701 105 56 6.428 3.394 232 3.142 20 1.883 1.010 141 75 7.702 3.885 222 3.638 25 2.103 1.526 188 99 9.161 4.421 310 4.073 38 2.376 2.115 249 3 4 5 6 7 8 9 10 11 OTHER INSURANCE COMPANIES 1 2 3 4 5 6 7 8 9 10 11 12 TOTAL FINANCIAL ASSETS DEMAND DEP. ♦ CURRENCY CORPORATE SHARES CREDIT MARKET INSTRUMENTS U.S. GOVT, SECURITIES STATE AND LOCAL OBLIG. CORPORATE BONDS COMMERCIAL MORTGAGES TRADE CREDIT TOTAL LIABILITIES POLICY PAYABLES TAXES PAYABLE MONEY AMOUNTS ARF IN MILLIONS OF DOLLARS. 6.276 661 7.140 850 8.187 1.032 9.281 1.074 10.510 1.137 11.748 1.202 12.854 1.238 14.316 1.320 15.665 1.375 17.797 1.323 1 2 1.760 3.494 2.700 249 489 56 361 1.719 4.093 3.294 237 501 61 478 1.744 4,833 3.885 315 564 69 578 1.809 5.746 4.413 544 713 76 652 2.224 6.426 4.826 828 679 93 723 2.587 7.219 5.253 1.144 718 104 740 2.911 7.855 5.467 1.448 822 118 850 3.245 8.803 5.844 1.869 967 1?3 948 3.344 9.940 6.092 2.617 1.092 139 1.006 4.539 10.871 6.180 3.402 1.146 143 1.064 3 4 5 6 7 8 9 3.625 3.581 44 4.331 4.297 34 5.165 5.121 44 5.977 5.860 117 6.728 6.511 217 7.192 7.030 162 8.040 7.912 128 9.134 8.916 218 10.096 9.741 355 10.556 10.310 246 10 11 12 AUGUST. 1973 INSURANCE ♦ PENSION FUNDS INSURANCE ♦ PENSION FUNDS 101 SfcCTOR STATEMENTS OF FINANCIAL ASSETS AND LIARILITIES YEAR-END OUTSTANOTNGS. 1955 YEAR-END OUTSTANDINGS. 1955-64 1956 1957 1958 1959 1961 1960 1962 1963 1955-64 1964 LIFE INSURANCE COMPANIES 1 2 87.856 1.255 93.183 1.273 98.300 1.294 104.297 1.363 110.107 1.307 115.899 1.329 122.836 1.392 129.247 1.456 136.852 1.465 144.885 1.488 3 4 5 6 7 8 9 10 11 3.633 80.491 8.620 1.998 37.034 17.661 11.784 3.394 2.477 3.503 85.612 7.622 2.234 39.173 20.130 12.859 3.594 2.795 3.391 90.569 7.114 2.377 41.752 21.441 13.795 4.090 3.046 4.109 95.567 7.261 2.691 44.276 22.374 14.688 4.277 3.258 4.561 100.611 6.971 3,221 46.486 23.583 15.614 4.736 3.628 4.981 105.646 6.505 3.606 48.236 24.879 16,892 5.528 3.943 6.258 110.895 6.138 3.902 50.724 25.641 18.562 5.928 4.291 6.302 116.922 6.203 4.037 53.197 26.397 20.505 6.583 4.567 7.135 123.333 5.851 3.868 56.027 27.331 23.213 7.043 4.919 7.938 130.198 5.551 3.785 58.311 28.525 26.627 7.399 5.261 12 13 14 15 16 82.351 63.459 11.325 222 7.345 87.397 66.626 12.500 262 8.009 92.289 69.277 14.100 264 8,648 97.497 72.294 15.600 348 9.255 103.111 75.606 17,575 434 9.496 108.485 78.758 18.850 418 10.459 114.198 82.112 20.250 386 11.450 120.259 85.754 21.625 440 12.440 126,776 89.860 23.300 434 13.182 133.966 94.172 25.250 552 13.992 TOTAL FINANCIAL ASSETS DEMAND DEP. ♦ CURRENCY 1 2 corporate shares 3 CREDIT MARKET INSTRUMENTS 4 U.S. GOVT. SECURITIES 5 STATE AND LOCAL OBLIG. 6 CORPORATE BONDS 7 HUME MORTGAGES 8 9 OTHER MORTGAGES 10 OTHER LOANS MISCELLANEOUS ASSETS 11 total liabilities life insurance reserves PENSION fund RESERVES 12 13 14 15 TAXtS PAYABLE MISCELLANEOUS LIABILITIES 16 PRIVATE PtNSlON FUNDS 1 2 18.257 415 21.044 415 23.408 466 29.249 496 34.131 535 38.173 546 46.263 660 47.309 707 55,394 773 63.949 892 3 4 5 6 7 8 6.085 11.081 2.907 7.853 321 676 7.065 12.659 2.735 9.475 449 905 7.489 14.466 2.546 11.337 583 987 11.561 16.171 2.587 12.842 742 1.021 14.525 17.903 2.829 14.085 989 1.168 16.545 19.708 2.708 15.699 1.301 1.374 22.856 21.280 2.838 16,882 1.560 1.467 21.895 23.049 3.072 18.101 1.876 1.658 27.670 25.203 3.423 19.560 2.220 1.748 33.527 27.502 3.550 21.206 2.746 2.028 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS ♦ CURRENCY CORPORATE SHARES CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES CORPORATE BONDS HOME MORTGAGES miscellaneous assets 1 2 3 4 5 6 7 8 STATE AND LOCAL GOVT. RETIREMENT FUNDS 1 2 10.758 174 12.032 190 13.707 237 15.477 244 17.403 221 19.561 243 21.942 277 24.298 307 26.858 313 29.898 311 3 4 5 6 7 8 9 10 11 127 10.457 4.724 231 4.435 58 2.723 2.692 318 161 11.681 5.011 325 4.619 67 3.110 3.165 395 212 13.258 5.232 308 4.827 97 3.539 3.947 540 270 14.963 5.463 313 5.033 117 3.963 4.801 736 345 16.837 5.956 335 5.475 146 4.251 5.638 992 431 18.887 6.076 338 5.542 196 4.406 6.955 1.450 583 21.082 6.148 379 5.498 271 4.263 8.775 1.896 780 23.211 6.487 406 5.686 395 3.804 10.678 2.242 989 25.556 6.830 404 6.079 347 3.304 12.810 2.612 1.262 28.325 7.308 333 6.594 381 2.900 15.047 3.070 total financial assets DEMAND DEPOSITS ♦ CURRENCY CORPORATE SHARES credit market instruments u.s. GOVT, securities short-term marketable OTHER DIRECT AGENCY ISSUES STATE AND LOCAL OBLIG. CORPORATE BONDS mortgages 1 2 3 4 5 6 7 8 9 10 11 OTHER INSURANCE COMPANIES 1 2 19.513 1.348 20.175 1.280 20,573 1.272 23.156 1.345 25.116 1.337 26.257 1.332 29.159 1.365 30.085 1.471 32.351 1.432 34.668 1.396 3 4 5 6 7 8 9 5.408 11.601 6.072 4,194 1.183 152 1.156 5.599 12.005 5.719 4.915 1.210 161 1.2*1 5.159 12.691 5.572 5.568 1.390 161 1.451 6.721 13.491 5.548 6.249 1.534 160 1.599 7.204 14.793 5.813 7.239 1.595 146 1.782 7.456 15.535 5.620 8.084 1.682 149 1.934 9.309 16.492 5.568 9.057 1.712 155 1.993 8.620 17.793 5.694 9.905 2.060 134 2.201 9,959 18.628 5.876 10.612 2.019 121 2.332 11.351 19.437 5.988 10.970 2.359 120 2.484 10 11 12 11.199 11.034 165 11.801 11.783 18 12.901 12.800 101 13.822 13.656 166 14.945 14.800 145 15.860 15.721 139 16.651 16.545 106 17.363 17.249 114 18.415 18.323 92 19.636 19.599 37 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. TOTAL FINANCIAL ASSETS DEMAND DEP. ♦ CURRENCY CORPORATE SHARES CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES Si ATE AND LOCAL OBLIG, CORPORATE BONDS commercial mortgages TRADE CREDIT TOTAL LIABILITIES POLICY PAYABLES TAXES PAYABLE 1 2 3 4 5 6 7 8 9 10 11 12 AUGUST* 1973 INSURANCE ♦ PENSION FUNDS 102 INSURANCE ♦ PENSION FUNDS SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES YEAR-END OUTSTANDINGS* YEAR-ENO OUTSTANDINGS. 1965-72 1965 1966 1967 1968 1969 1970 1971 1972 1973 1965-72 1974 LH-E insurance COMPANIES 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 total financial assets DEMAND DEP. ♦ CURRENCY 154.089 1.502 161.696 1.531 172.095 1.559 182.869 1.683 190.856 1.634 200.521 1.758 214.660 1.763 231.783 1.893 1 2 CORPORATE SHARES CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES STATE AnD LOCAL OBLIG, CORPORATE bonds HOME MORTGAGES OTHER MORTGAGES OTHER LOANS MISCELLANEOUS ASSETS 9.126 137.730 5.122 3.507 61.098 29.589 30.424 7.990 5.731 8.755 145.443 4.740 3.131 63.450 30.233 34.376 9.513 5.967 10.877 152.808 4.458 2.993 67.294 29.763 37.753 10.547 6.851 13.230 160.488 4.382 3.206 71.162 29.030 40.945 11.763 7.468 13.707 167.185 4.074 3.221 72.673 27.964 44.063 15.190 8.330 15.420 174.192 4.161 3.306 74.144 26.676 47.699 18.206 9.151 20.518 182.310 4.006 3.363 79.610 24,604 50.892 19.835 10,069 26.375 192.439 3.770 3.341 86.8fi4 22.466 54.853 21.205 11.076 3 4 5 6 7 8 9 10 11 141.888 98.863 27.325 532 15.168 149.852 103.450 29.425 592 16.385 158.959 108.224 32.050 481 18.204 168.139 112.859 34.975 643 19.662 177.462 117.771 37.900 698 21.093 187.682 122.907 41.175 823 22.777 201,018 129.008 46,350 796 24.864 216.334 136.249 51.550 All 27.724 12 13 14 15 16 total liabilities LIFE INSURANCE RESERVES PENSION FUND RESERVES TAXES PAYABLE miscellaneous liabilities PRIVATE PENSION FUNDS 1 2 3 4 5 6 7 8 total financial assets DEMAND DEPOSITS ♦ CURRENCY CORPORATE SHARES CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES corporate bonds HOME MOHTGAGES MISCELLANEOUS ASStTS 73.568 941 75.820 900 89.371 1.319 101.438 1.592 102.545 1.619 110.771 1.804 130.472 1.641 152.305 1.810 1 2 40.736 29.582 3.555 22.703 3.324 2.309 39.507 32.206 3.064 25.231 3.911 3.207 51.058 32.950 2.512 26.355 4.083 4.044 61.438 34.012 2.945 27.000 4.067 4.396 61.585 34.621 2.792 27.613 4.216 4.720 67.240 36.992 3.028 29.666 4.298 4.735 88.600 35.428 2.732 29.013 3.683 4.803 111.800 34.115 3.690 27.425 3.000 4.580 3 4 5 6 7 8 STATE AND LOCAL GOVT. RETIREMENT FUNDS 1 2 3 4 5 6 7 8 9 10 11 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS ♦ CUHRENCY CORPORATE SHARES CREDIT MARKFT INSTRUMENTS U.S. GOVT. SECURITIES SHORT-TFRM MARKETABLE OTHER DIRECT AGENCY ISSUES STATE AND LOCAL OBLIG. CORPORATE BONDS mortgages 33.192 317 37.418 368 41.516 464 46.353 607 51.415 479 57.685 601 64.509 510 71.771 493 1 2 1.614 31.261 7.538 363 6.683 492 2.625 17.352 3.746 2.102 34.948 7.779 395 6.732 652 2.481 20.172 4.516 2.772 38.280 6.950 457 5.708 785 2.406 23.921 5.003 4.089 41.657 7.424 457 5.557 1.410 2.382 26.489 5.362 5.877 45.059 7.133 723 4.844 1.566 2.331 29.611 5.984 8.014 49.070 6.407 799 4.033 1.575 2,032 33.822 6.809 11.199 52.800 5.245 574 3.443 1.228 1.858 38.612 7.085 14.172 57.106 5.056 834 3.091 1.131 1.680 43.416 6.954 3 4 5 6 7 8 9 10 11 OTHER insurance COMPANIES 1 2 3 4 5 6 7 8 9 10 11 12 total financial assets DEMAND DEP. ♦ CURRENCY corporate shares CREDIT market INSTRUMENTS U.S. GOVT. SECURITIES STATE AND LOCAL OBLIG. CORPORATE BONDS COMMERCIAL MORTGAGES TRADE CREDIT TOTAL LIABIlITIES POLICY PAYABLES TAXES PAYABLE 36*459 1.321 37.188 1.329 40.944 1.285 44.851 1.362 45.506 1.321 49.872 1.432 57.417 1.509 64.562 1.590 1 2 12.000 20.489 5.994 11*349 3.004 142 2.649 11.000 21.961 5.595 12.648 3.575 143 2.898 13.000 23.483 4,907 14.098 4.293 185 3.176 14.600 25.413 4.666 15.090 5.464 193 3.476 13.300 26.987 4.180 16.334 6.273 200 3.898 13.200 30.870 4.261 17.786 8.578 245 4.370 16.600 34.647 3.865 21.696 8.863 223 4.661 20.500 37.522 3.497 25.000 8.800 225 4.950 3 4 5 6 7 8 9 21.238 21.145 93 23.025 22.930 95 25.103 25.006 97 27.547 27.472 75 30.943 30.817 126 34.428 34.235 193 37.955 37.805 150 41.755 41.485 270 10 11 12 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST. 1973 FIN4NCE N.E.C FINANCE N.E.C. 103 SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIAPILITIFS YEAR-END OUTSTANOINRS. 1946 1945 YEAR-END OUTSTANDINGS. 1945-54 1948 1947 1950 1949 1951 1952 1953 1954 1945-54 finance companies 1 2 3 4 5 4.282 639 64 910 2.669 4.903 630 163 1.494 2.616 5.530 568 224 2.359 2.379 6.651 743 213 3.206 2.489 7.693 854 288 4.305 2.246 9.253 1.022 454 5.315 2.462 9.794 1.140 356 5.602 2.696 11.952 1.170 598 7.057 3.127 13.696 1.196 624 8.624 3.252 14.335 1.169 845 9.063 3.258 6 7 8 9 10 507 195 223 64 25 1.140 356 543 207 34 1.755 548 826 329 52 2.837 973 1.277 508 79 3.791 1.355 1.660 676 100 5.220 1.735 2.606 714 165 5.664 2.023 2.365 1.064 212 6.994 2.280 3.050 1.418 246 8.605 3.681 2.962 1.643 319 8.883 4.002 3.155 1.491 235 TOTAL FINANCIAL ASSETS DEMAND DEP. ♦ CURRENCY HOME MORTGAGES CONSUMER CREDIT OTHER LOANS (TO BUSINESS) TOTAL LIABILITIES CORPORATE BONDS BANK LOANS N.E.C. open-market paper TAXES PAYABLE j 2 3 4 5 6 7 8 9 10 REAL ESTATE INVESTMENT TRUSTS 1 2 3 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 0 0 0 PHYSICAL ASSETS MULTI-FAMILY STRUCTURES NONRESIDENTIAL STRUCTURES 1 2 3 4 5 6 7 8 0 0 0 n 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 FINANCIAL ASSETS HOME MORTGAGES MULTI-FAMILY MORTGAGES COMMERCIAL MORTGAGES MISCELLANEOUS ASSETS 4 5 6 7 8 9 10 11 12 13 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 FINANCIAL SOURCES OF FUNDS 9 CREDIT MARKET INSTRUMENTS 10 MORTGAGES 11 MULTI-FAMILY RESID. 12 13 commercial mortgages 14 15 16 0 0 0 0 0 0 n 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 17 0 0 0 0 0 0 0 0 0 0 CORPORATE BONDS BANK loans n.e.c. COMMERCIAL PAPER 14 15 16 MISCELLANEOUS LIABILITIES 17 OPEN-END INVESTMENT COMPANIES 1 2 1 .264 69 1 .297 b9 1.412 71 1.515 69 3.070 83 3.344 98 3.481 143 3.931 133 4.146 156 6.109 155 3 4 5 6 7 1.033 1 62 36 126 0 1.044 184 31 153 0 1.153 188 43 145 0 1.226 220 65 155 0 2.710 277 104 173 0 2.897 349 129 220 0 2.948 390 129 261 0 3.326 472 130 342 0 3.521 469 129 340 0 5.361 593 154 439 0 TOTAL FINANCIAL ASSETS DEMAND DEP. ♦ CURRENCY CORPORATE SHARE HOLDINGS CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES 1 2 corporate bonds open-market paper 3 4 5 6 7 TOTAL FINANCIAL ASSETS DEMAND DEP. ♦ CURRENCY 1 2 SECURITY brokers AND DEALERS 1 2 4.943 60 1 3.343 730 2.661 629 3.036 558 3.570 490 3.960 635 3.682 605 4.150 549 4.552 475 5.596 557 3 4 5 6 7 8 449 2.741 1.681 34 0 620 1 .252 345 1.674 917 340 417 594 355 931 262 243 426 636 358 1.515 820 267 428 605 543 1.568 703 252 613 969 403 1.430 586 370 474 1 .492 470 1.186 313 384 489 1.421 610 1.489 709 228 552 1.502 600 1.611 640 430 541 1.866 729 1.638 666 300 672 2.672 CORPORATE SHARES OTHER CREDIT MKT. INSTR. U.S. GUVT. SECURITIES S. ♦ L. GOVT. OBLIG, CORPORATE BONDS SECURITY CREDIT 3 4 5 6 7 8 9 10 11 12 13 14 3.907 3.89 7 3.178 0 719 10 2.300 2.287 1 .524 0 763 1.509 1 .5*3 830 0 673 6 1.994 1.989 1.344 0 645 5 2.517 2.509 1.763 50 696 8 2.893 2.881 1.802 100 979 12 2.612 2.60? 1.554 150 898 10 3.076 3.056 2.060 200 796 20 3.466 3.445 2.361 300 784 21 4.472 4.450 2.929 400 1.121 22 TOTAL LIABILITIES SECURITY CREDIT FROM BANKS FROM AG. OF FGN, BANKS CUSTOMER CR. BALANCES 9 10 11 12 13 14 MON*Y AMOUNTS ARE 1 3 MILLIONS OF DOLLARS TAXES PAYABLE AUGUST. 1973 finance n.e.c. finance n.e.c. SECTOR STATEMENTS OF FINANCIAL ASSETS ANO LIABILITIES 104 1955-64 YEAR-ENO OUTSTANDINGS. YEAR-END OUTSTANDINGS. 1957 1956 1955 1960 1959 1958 1955-64 1961 1962 1963 1964 FINANCE COMPANIES 1 2 3 4 5 6 7 8 9 10 TOTAL FINANCIAL ASSETS demand dep. ♦ currency HOME MORTGAGES CONSUMER CREOIT OTHER LOANS (TO BUSINESS) TOTAL LIABILITIES CORPORATE BONDS BANK LOANS N.E.C. OPEN-MARKET PAPFR TAXES PAYABLE 18.299 1.327 1.372 11.838 3.76? 19.169 1.330 1 .268 12.725 3.846 20.357 1.368 943 13.236 4.810 19.972 1.396 1 .400 12.317 4.859 23.583 1.607 1 .647 14.048 6.281 26.930 1.695 1 .61 1 15.435 8.189 28.035 1.890 2.246 15.507 8.392 30.625 2.017 2.697 17.349 8.562 34.884 1.820 3.530 19.557 9.977 38.921 1.793 3.920 21.641 11.567 1 2 3 4 5 12.830 5.353 5.464 1.739 274 13.484 6.348 4.988 1 .872 276 14.665 7.058 4.997 2.324 286 13.890 7.225 4.259 2.189 217 16.701 8.343 5.188 2.887 283 19.792 9.880 5.899 3.728 285 20.704 10.410 6.447 3.592 255 23.424 10.725 7.610 4,802 287 27.406 12.156 9.173 5.822 255 31.418 14.259 9.667 7.317 175 6 7 8 9 10 real estate investment trusts 1 2 3 PHYSICAL ASSETS MULTI-FAMILY STRUCTURES NONRESIDENTTAL STRUCTURES 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 0 0 0 1 2 3 4 5 6 7 8 FINANCIAL ASSETS HOME MORTGAGES MULTI-FAMILY MORTGAGES COMMFRCIAL MORTGAGES MISCELLANEOUS ASSETS 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 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 7 8 FINANCIAL SOURCES OF FUNDS CREDIT MAPKFT INSTRUMENTS MORTGAGES 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 9 10 11 12 13 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 0 0 0 14 15 16 0 0 0 0 0 0 0 0 0 0 17 9 10 11 12 13 14 15 16 17 multi-family restd. COMMERCIAL MORTGAGES C0RPOR1TE PONDS HANK LOANS N.E.C. COMMERCIAL PAPER MISCELLANEOUS liabilities OPFN-ENO INVESTMENT companies 1 2 3 4 5 6 7 total financial assets demand dep. ♦ currency corporate SHARE HOLDINGS CREDIT MARKFT INSTRUMENTS U.S. GOVT. SECURITIES CORPORATE BONOS opfn-markft paper 7.838 119 9.046 138 8.714 133 13.241 202 15.818 241 17.026 259 22.875 347 21.271 324 25.214 385 29.116 444 1 2 6.9?7 792 255 473 64 7.887 1.021 276 667 78 7.411 1.170 277 780 113 11.67? 1.367 401 935 31 13.867 1.710 556 1.091 63 14.806 1.961 619 1.247 95 20,252 2.276 688 1.587 1 18.339 2.608 737 1.617 254 22.085 2.744 728 1.788 228 25.638 3.034 767 2.149 118 3 4 5 6 7 security BROKERS AND DEALERS 1 2 3 4 5 6 7 8 9 10 11 12 13 14 total financial assets OEMANO DEP. ♦ CURRENCY corporate shares OTHER CREDIT mkt. INSTR. U.S. GOVT. SECURITIES S. ♦ L. GOVT. OPLIG. corporate bonds SECURITY CRFDIT TOTAL LIABILITIES SECURITY CHEOIT FROM HANKS FROM aG. OF FGN. BANKS CUSTOMER CR, balances TAXES PAYABI E MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. 5.913 530 5.335 538 5.48? 547 6.076 571 6.177 600 6.709 624 7.660 688 8.697 648 9.736 672 10.391 681 1 2 885 1.390 264 300 826 3.108 686 969 243 100 626 3.14? 771 1.359 449 200 710 2.805 488 1.247 604 215 4?8 3.770 566 1.238 428 302 508 3.773 537 1.899 1.021 400 478 3.649 197 2.052 1.305 333 414 4.723 435 3.050 1.976 523 551 4.564 911 2.058 718 514 826 6.095 1.161 2.939 1.374 693 872 5.610 3 4 5 6 7 8 4.772 4.746 3.263 500 983 26 4.176 4.158 2.590 600 96H 18 4.31? 4.287 2.601 700 986 25 4.881 4.848 2.832 741 1 .275 33 4.937 4.887 3.018 773 1.096 50 5.430 5.382 3.284 849 1.249 48 6.319 6.256 4.056 859 1.341 63 7.244 7.216 5.169 709 1.338 28 8.046 7.989 5.320 1.088 1.581 57 8.437 8.377 5.541 1.051 1.785 60 9 10 11 12 13 14 AUGUST. 1973 FINANCE N.F.C FINANCE N.E.C. 105 SECTOR STATEMENTS OF FINANCIAL ASSETS ANO LIABILITIES YEAR-ENO OllTST ANft I NOS » ] 9*5 YEAR-END OUTSTANDINGS. 1965-72 1966 1968 1967 1969 1970 1971 1972 1973 1965-72 1974 finance companies 1 2 3 4 5 44.784 1.985 6 7 8 9 10 36.745 16.149 11.831 P.503 4.462 24.805 13.532 2b? 47.075 2.137 3.898 26.434 14.606 47.725 2.236 4.294 26.938 14.257 52.935 2.313 4.935 29.197 16.490 61 .594 2.429 5.74? 31.964 21.459 62.529 2.662 5.883 32.419 21.565 66.954 2.946 6.965 33.710 23.333 77.974 3.208 11.097 37.529 26.140 TOTAL FINANCIAL ASSETS DEMAND DEP. ♦ CURRENCY HOME MORTGAGES CONSUMER CREDIT OTHER LOANS (TO BUSINESS) 39.828 16.909 10.668 12.023 228 40.990 17.942 R.«25 14.051 172 46.706 18.753 11.153 16.629 171 55.581 20.320 13.506 21.536 219 57.266 22.864 12.442 21.709 251 61.503 26.652 12.489 22.085 277 70.898 32.093 16.377 22.130 298 TOTAL LIABILITIES CORPORATE BONDS BANK LOANS N.E.C. OPEN-MARKET PAPER taxes payable 1 2 3 4 5 6 7 8 9 10 REAL ESTATE INVESTMENT TRUSTS 1 2 3 0 0 0 0 0 0 0 0 0 355 117 238 702 23? 470 949 313 636 1.353 446 907 2.478 818 1.660 4 5 6 7 8 0 0 0 0 0 0 0 0 0 0 0 0 n 0 0 330 35 75 120 100 1.329 183 393 531 22? 3.777 660 1.013 1 .546 558 6.370 1.408 1.755 2.600 607 11.720 2.584 3.655 4.368 1.113 9 10 11 12 13 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 266 250 200 66 134 802 755 430 142 288 2.052 1 .943 546 180 366 4.111 3.934 680 224 456 9.088 8.760 1.160 383 777 14 15 16 0 0 0 0 0 0 0 0 0 0 50 0 95 230 0 600 797 0 1.016 1.458 780 1.390 2.970 3.240 17 0 0 0 16 47 109 177 328 PHYSICAL ASSETS MULTI-FAMILY STRUCTURES NONRESIDENTIAL STRUCTURES 1 2 3 FINANCIAL ASSETS HOME MORTGAGES MULTI-FAMILY MORTGAGES COMMERCIAL MORTGAGES MISCELLANEOUS ASSETS 4 5 6 7 8 FINANCIAL SOURCES OF FUNDS CREDIT MARKET INSTRUMENTS MORTGAGES MULTI-FAMILY RESID. COMMERCIAL MORTGAGES CORPORATE BONDS BANK LOANS N.E.C. COMMERCIAL PAPER 9 10 11 12 13 14 15 16 MISCELLANEOUS LIABILITIES 17 OPEN-END INVESTMENT COMPANIES 1 2 35.220 5 37 34.829 531 44.701 68? 52.677 804 48.289 737 47.618 727 55.611 866 59.831 913 3 4 5 6 7 30.863 3.820 811 2.554 455 28.943 5.355 1.437 2.915 1.003 39.176 4.843 921 2.959 963 46.082 5.791 1.143 3.408 1.240 40.857 6.695 675 3.586 2.434 39.683 7.208 850 4.286 2.072 47.538 7.207 559 4.910 1.738 51.728 7.190 689 5.068 1.433 1 2 11.189 12.298 784 16.953 99 0 22.960 1 .465 18.552 1.386 19.337 1.073 21.607 1.095 26.114 1.123 3 4 5 6 7 8 1.777 2.715 I .O«2 2.063 3.501 1 .74? 465 1 .294 5.950 3.644 3.155 983 506 1.666 9.164 5.695 3.795 1.766 548 1.481 12.005 4.761 3.927 1.729 361 1.837 8.478 4.815 6.259 3.398 915 1.946 7.190 5.909 4.894 1.799 1.028 2.067 9.709 6.225 5.133 2.012 912 2.209 13.633 CORPORATE SHARES OTHER CREDIT MKT. INSTR. U.S. GUVT. SECURITIES S. ♦ L. GOVT. OBLIG. CORPORATE BONDS SECURITY CREDIT 9 .671 9.576 5.821 850 2.905 95 12.896 12.7*5 6.641 850 5.254 151 16.398 16.199 7.674 850 7.675 199 13.320 13.173 6.668 850 5.655 147 14.303 14.153 8.600 850 4.703 150 15.427 15.287 9.252 850 5.185 140 19,550 19.385 13.090 937 5.358 165 TOTAL LIABILITIES SECURITY CREDIT FROM BANKS FROM AG. OF FGN. BANKS CUSTOMER CR. BALANCES TAXES PAYABLE TOTAL FINANCIAL ASSETS DEMAND DEP. ♦ CURRENCY CORPORATE SHARE HOLOINGS CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES CORPORATE BONDS OPEN-MARKET PAPER 1 2 3 4 5 6 7 SECURITY BROKERS ANO DFALERS 9 10 11 12 13 14 n i 45 1 1.180 5.986 8.830 8.737 5.258 788 2.891 MONEv amounts 93 in MILLIONS OF DOLLARS. TOTAL FINANCIAL ASSETS DEMAND DEP. + CURRENCY 1 2 3 4 5 6 7 8 9 10 11 12 13 14 AUGUST. 1973 REST OF WORLO REST OF WORLD 106 table h. sector statements of financial assets and liabilities TEAR-END OUTSTANDTNfiS. YEAR-END OUTSTANDINGS, 1945-54 1945 1946 194 7 1949 19*8 REST OF 1 2 3 4 24 1954 24.569 10.161 2.199 1.585 25.230 10.452 1.988 1.727 30.170 12.535 2.035 1.954 31.439 12.703 1.700 1.666 33.380 12.563 1.950 1.807 36.080 14.199 1.498 2.408 40.186 15.147 1.708 2.900 1 2 3 4 2.700 3.119 2.574 503 42 104 4 09 2.690 2.138 1 .851 229 58 109 405 2.480 1.418 1.161 193 64 92 399 2.305 1.850 1.599 138 113 70 365 2.490 2.188 1.867 177 144 73 321 2.925 3.445 3.062 181 202 87 352 3.450 3.464 2.982 189 293 8* 3 7b 3.705 4.586 4.050 227 309 82 41 7 3.650 5.205 4.535 269 401 76 367 5.254 5.574 4.778 212 584 101 337 5 6 7 8 9 10 11 5.829 6.038 6.133 6.034 5.991 6.837 7.996 8.270 8.677 9.165 12 512 2.50 7 2.810 364 2.503 3.171 546 2.603 2.984 725 2.787 2.522 1.088 2.941 1.962 1.42fa 3.391 2.020 1.886 3.658 2.452 2.021 3.945 2.304 1.952 4.251 2.474 2.092 4.633 2.440 13 14 15 14.961 TOTAL LIABILITIES OFFICIAL U.S. FOREIGN EXCHANGE ♦ NET IMF POSITION 0 5.062 CREDIT MARKFT INSTRUMENTS BONDS 2.913 519 BANK LOANS N.E.C. 1.630 OTHER LOANS 36 SECURITY DEBT 363 TRADE DEBT 17.439 24.251 27.043 28.669 30.365 32.131 34.408 36.779 38.781 16 -248 7.994 2.891 751 4.352 32 324 937 12.453 2.945 1.011 8.497 27 406 1.293 13.593 2.888 1.105 9.600 24 428 1.462 14.194 3.158 934 10.102 26 423 1.446 12.662 1.692 718 10.252 32 413 1.426 14.595 3.355 777 10.463 35 455 1.462 14.858 3.216 783 10.859 36 482 1.367 16.006 3.102 677 12.227 36 463 1.185 16.384 3.258 1.032 12.094 66 532 17 18 19 20 21 22 23 9.500 9.337 10.428 11.705 12.564 15.812 15.620 17.570 18.907 20.614 24 635 7.227 480 1.158 635 7.227 353 1.122 635 8.366 535 892 635 9.625 389 1.056 635 10.700 449 780 635 11.788 618 2.771 635 13.089 489 1.407 635 14.819 498 1.618 635 16.286 498 1.488 635 17.626 711 1.642 25 26 27 28 MISCELLANEOUS ASSETS U.S. BANK LIAbILITES TO FOREIGN AFFILIATES 25 26 27 28 1953 25.086 11.282 1.718 1.564 12 17 18 19 20 21 22 23 1952 28.186 12.944 2.280 1.582 U.S. CORPORATE SHARES CREDIT MARKt-T INSTRUMENTS U.S. GOVT. SECURITIES CORPORATE BONUS (1) OTHER LOamS SECURITY CREDIT 16 1951 THE WORLD 29.633 13.217 2.677 1.578 TOTAL FINANCIAL ASSETS GOLD ♦ SUH’S U.S. DEMAND DEPOSITS U.S. TIME DFPOSITS 5 6 7 6 9 10 11 13 14 15 1950 1945-54 trade credit direct investment in u.s. OTHEH MISCELLANEOUS LIABILITIES U.S. CAPITAL SUBSCRIP. TO IBRD, IDA, ETC. U.S. DIR. FGN. INVEST.(2) FGN. CURRFNCY HELD BY U.S OTHER YEAR-ENO OUTSTANDTNGS, YEAR-END OUTSTANDINGS 1955-64 1955 1956 1957 1959 1958 1960 1955-64 1961 1962 1963 1964 REST OF THE WORLD 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 (1) (2> 43.698 15.867 1.532 2.799 46.56(1 16.017 1.753 2.657 46.641 15.908 2.102 2.533 53.287 18.863 2.006 3.414 59.800 20.688 2.140 2.575 63.938 22.736 2.122 2.859 70.145 24.173 3.098 2.911 71.698 25,4^8 3.233 3.4n9 78.359 26.709 3.499 4.260 84.427 27.544 4.249 5.415 1 2 3 4 U.S. CORPORATE SHARES CREDIT MARKFT INSTRUMENTS U.S, GOVI. SECURITIES CORPORATE BONOS (1) OTHER LOANS SECURITY CREDIT TRADE CREDIT 6.575 6.536 5.838 259 439 84 374 6.961 7.666 6.686 309 671 481 6.091 8.235 6.8b4 417 954 92 566 8.305 8.256 6.958 455 843 119 500 9.363 11.266 9.975 534 757 107 664 9.302 12.490 10.551 648 1.291 112 596 11.808 12.996 10.998 638 1.360 149 833 10.336 14,364 12.320 657 1.387 112 805 12.485 15.049 12.910 702 1.437 109 774 13.835 15.927 13.385 922 1.620 116 807 5 6 7 8 9 10 11 MISCELLANEOUS ASSETS U.S. Bank LIABILITES To 9.931 10.939 11.114 11.824 12.997 13.721 14.177 14.0^1 15.474 16.534 12 2.188 5.076 2.667 2.551 5.459 2.929 2.356 5.710 3.048 2.546 6.115 3.163 2.591 6.604 3.802 3.503 6.910 3.308 3.770 7.392 3.015 3.661 7.612 2.748 4.033 7.944 3.497 4.593 8,363 3.578 13 14 15 40.934 OFFICIAL U.S. foreign exchange ♦ NET IMF POSITION 1.044 CREDIT MARKFT INSTRUMENTS 16.533 3.042 BONDS 1.396 BANK LOANS N.E.C. 12.095 OTHER LOANS SECURITY DEBT 66 586 TRADE DEBT 46.646 51.707 55.545 59.034 63.980 70.165 75.679 81.957 93.896 16 1.608 17.287 3.260 1.751 12.276 60 728 1.975 18.660 3.715 2.104 12.841 60 816 1.958 20.540 4.526 2.630 13.384 77 794 1.997 21.175 4.854 2.953 13.368 87 877 1.555 23.154 5.624 3.074 14.456 84 1.711 1.806 25.401 6.155 3.704 15.542 121 1.902 1.163 27.698 7.154 3.867 16.677 2.167 1.247 30.876 8.154 4.527 18.195 108 2.191 1.201 36.644 9.19b 7.279 20.169 91 2.837 17 18 19 20 21 22 23 MISCELLANEOUS LIABILITIES 22.705 U.S. CAPITAL SUBSCRIP. TO IBRD, IDA, ETC. 635 19.313 U.S. DIR. FGN, INVEST.(2) 968 FGN. CURRFNCY HELD BY U.S 1.789 other 26.963 30.196 32.176 34.898 37.476 40,935 44.566 47.535 53.123 24 670 22.177 1.488 2.628 670 25.238 2.096 2.192 670 27.255 2.424 1.827 670 29.735 2.642 1.851 824 32.744 3.202 706 995 34.664 3.548 1.728 1.117 37.226 4.164 2.059 1.179 40.686 4.483 1.187 1.229 44.386 4.781 2.727 25 26 27 28 TOTAL FINANCIAL ASSETS GOLD ♦ SDR’S U.S. DEMAND DEPOSITS U.S. TIME DFPOSITS foreign affiliates DIRECT INVESTMENT IN U.S. other total liabilities 86 EXCLUDES U.S. ISSUES IN FOREIGN MARKETS TO FINANCE U.S. INVESTMENT ABROAD. EXCLUDES INVESTMENT FINANCED BY BOND ISSUES IN FOREIGN MARKETS, MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS, B5 AUGUST* 1973 REST OF WORLD REST OF WORLD 107 table r. sector statements of financial assets and liabilities YEAR-END OUTSTANDINGS, YEAR-END OUTSTANDTNGS, 1965-72 1965 1966 1967 1968 1969 1970 1971 1972 1973 1965-72 1974 REST OF THE WORLD 1 2 3 4 87.992 29.424 4.373 6.006 89.594 29.950 4.776 6.316 98.024 29.535 5.106 7.554 107.901 30.013 5.693 7.252 115.589 29.156 5.981 8.361 125.220 32.766 6.169 6.657 153.181 36.778 6.453 7.204 182.104 43.460 7.975 9.822 5 6 7 8 9 10 11 14.599 15.893 13.227 684 1.982 158 957 12.643 14.281 10.812 1.257 2.212 1 75 1.418 15.511 16.078 12.903 928 2.247 311 1.814 19.551 16.112 12.432 854 2.826 636 2.735 18.141 14.850 10.619 411 3.820 434 4.390 18.689 25.705 19.731 1 .667 4.307 349 5.779 21.321 52.460 46.033 2.279 4.148 311 5.883 26.000 60.955 54.435 2.434 4.086 366 6.700 u.s. corporate shares miscellaneous assets 12 16.582 20.035 22.115 25.909 34.276 29.106 22.771 26.826 13 14 15 4.665 8. 797 3.120 7.60 7 9.054 3.374 8.310 9.923 3.882 10.628 10.815 4.466 18.564 11.818 3.894 11.625 13.270 4.211 7.556 13.704 1.511 8.489 14.526 3.811 16 101.412 107.150 116.205 126.068 134.857 143.299 155.879 168.240 17 18 19 20 21 22 23 1.644 39.396 10.165 7.702 21.529 119 2.657 1.647 40.161 10.543 7.314 22.304 128 2.999 2.765 43.098 10.779 7.036 25.283 298 3.532 4.818 45.796 11.702 6.810 27.284 508 3.931 5.105 47.629 11.718 6.215 29.696 278 5.216 2.564 51.078 13.160 6.176 31.742 279 6.179 861 57.296 14.604 8.811 33.881 312 6.705 706 61.682 16.160 11.224 34.298 396 7.256 24 57.596 62.215 66.512 71.015 76.629 83.199 90.705 98.200 25 26 27 28 1.290 49.233 4.250 2.823 1.290 53.926 4.012 2.987 1.373 58.255 4.084 2.800 1.510 61.623 4.567 3.315 1.694 66.627 4.235 4.073 1.929 72.966 4.710 3.594 2.181 79.629 6.058 2.837 2.451 83.345 9.639 2.765 (2) MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS TOTAL FINANCIAL ASSETS GOLD ♦ SDR’S U.S. demand deposits U.S. time deposits credit market instruments U.S. GOVT. SECURITIES CORPORATE BONDS (1) OTHER LOANS security credit trade credit U.S. RANK LIABILITES TO FOREIGN affiliates DIRtCT INVESTMENT IN U.S. othfr TOTAL LIABILITIES OFFICIAL U.S. FOREIGN EXCHANGE ♦ NfT IMF POSITION CREDIT MARKET INSTRUMENTS BONDS HANK LOANS N.E.C. othfr loans SECURITY DEBT trade debt MISCELLANEOUS LIABILITIES U.S. CAPITAL SUBSCRIP. TO IRRO, IDA, ETC. U.S. DIR. FGN, INVEST.(2) FGN. CURRENCY HELD BY U.S OTHER (1) EXCLUDES U.S. ISSUES IN FOREIGN MARKETS TO FINANCE U.S. INVESTMENT ABROAD. EXCLUDES INVESTMENT FINANCED BY BOND ISSUES In FOREIGN MARKETS. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 AUGUST* 1973 MONETARY AND INSURANCE RESERVES 108 monetary and insurance reserves GOLD* OFFICIAL FOHEIGN EXCHANGE, TREASURY CURRENCY, AND INSURANCE RESERVES YEAR-END OUTSTANOTNGS* 1945-54 YEAR-tND OUTSTANDINGS, 1945 1947 1946 1948 1949 1951 1950 GOLD hND official FOREIGN exchange HOLDINGS 1945-54 1952 1953 1954 11) 1 TOTAL U.S. RESERVES 20.083 20.458 23.805 25.692 26.025 24.266 24.298 24.714 23.458 22.978 1 2 3 4 U.S. GOLD STOCK AND SDR'S U.S. GOVT.—EX.STAB. FUND MONETARY AUTHORITIES (2) 20.083 18 20.065 20.706 177 20.529 22.868 114 22.754 24.399 155 24.244 24.563 136 24.427 22,820 114 22.706 22.872 177 22.695 23.252 65 23.107 22.091 61 22.030 21.793 80 21.713 2 3 4 5 U.S. FGN. EXCHANGE POSITION 0 -248 937 1.293 1.462 1.446 1.426 1.462 1.367 1.185 5 6 7 8 OFFICIAL Fgn. CURR. HLDGS. TREASURY FEDERAL HFSEHVE 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 0 0 0 6 7 8 9 10 11 NET IMF POSITION U.S. GOVT. ASSET FEDERAL RESERVE POSITION 0 0 0 -248 -248 0 937 1.216 -279 1.293 1.574 -281 1.462 1.742 -280 1.446 1.480 -34 1.426 1.454 -28 1.462 -30 1.367 1.410 -43 1.185 1.222 -37 9 10 11 33.300 20.083 13.217 33.650 20.706 12.944 34.150 22.868 11.282 34.560 24.399 10.161 35.015 24.563 10.452 35.355 22.820 12.535 35.575 22.872 12.703 35.815 23.252 12.563 36.290 22.091 14.199 36.940 21.793 15.147 12 13 14 2.435 4.656 -2.221 2.469 4.738 -2.269 2.505 4.829 -2.324 1 2 3 12 13 14 TOTAL WORLD GOLD ♦ SDR'S U.S., AS AMOVE REST OF THE WORLD 1.4q2 TREASURY currency ano SOR CERTIFICATES 1 TOTAL U.S. GOVT. LIABILITY 2 MONETARY AUTHORITIES ASSET 3 UNALLOCATED AS<;ET 2.310 4.183 -1.873 2.436 4.406 -1.970 2.408 4.406 -1,998 2.403 4.433 -2.030 2.384 4.442 -2.058 2.374 4.480 -2.106 2.398 4.553 -2.155 INSURANCE AND PENSION FUND RESERVES I. LIFE INSURANCE RESERVES 1 2 3 TOTAL LIABILITIES U.S. GOVERNMENT LIFE INSURANCE COMPANIES 39.560 3.593 35.967 43.360 4.758 38.602 46.510 5.363 41.147 49.353 5.576 43.777 52.104 5.660 46.444 55.049 5.969 49.080 57.777 6.142 51.635 60.665 6.185 54.480 63.647 6.259 57.388 66.349 5.960 60.389 1 2 3 4 TOTAL ASSETS 39.560 43.360 46.510 49.353 52.104 55.049 57.777 60.665 63.647 66.349 4 10.961 2.903 2.166 737 8.058 2.700 2. /56 2.602 12.470 3.273 2.381 892 9.197 3.100 3.225 2.872 14.693 4.096 2.693 1.403 10.597 3.600 3.790 3.207 17.145 4.919 3.088 1.831 12.226 4.200 4.381 3.645 19.982 5.959 3.620 2.339 14.023 4.825 5.017 4.181 23.909 6.743 4.166 2.577 17.166 5.600 6.711 4.855 27.415 7.453 4.758 2.695 20.022 6.575 7.832 5.615 32.367 8.411 5.371 3.040 23.956 7.700 9.614 6.642 37.360 8.941 5.647 3.294 28.419 8.825 11.628 7.966 42.600 9.359 5.918 3.441 33.241 10.000 13.787 9,454 5 6 7 8 9 10 11 12 (HOUSEHOLDS) II. PENSION FUND RESERVES 5 6 7 8 9 10 11 12 TOTAL LIABILITIES u.s. government EMPLOYEE RETIREMENT RAILROAD RETIREMENT INSURANCE SFCTOR LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS S. ♦ L. GOVT., RTR. FUNDS 13 TOTAL u.s. govt, liability 14 TOTAL ASSETS (HOUSEHOLDS) 2.310 2.436 2.408 2.403 2.384 2.374 2.398 2.435 2.469 2.505 13 10.961 12.470 14.693 17.145 19.982 23.909 27.475 32.367 37.360 42.600 14 INTERBANK CLAIMS 1 TOTAL LIABILITIES 2 3 MONET. AUTH.—MEM. BK. RES. 4 5 6 7 8 9 10 COMMERCIAL HANK ING—TOTAL COMMERCIAL BANKS TO MONETARY AUTHORITIES LOANS FROM AFFILIATES LOANS FROM FGN. BK. AG. OEM. DEP. OF FGN. BK. AG TIME DEP. OF FGN. BK. AG 11 FOREIGN BANKING AGENCIES — DEPOSITS OF BANKS —vault cash 12 TOTAL ASSETS 13 14 15 MONETARY AUTHORITIES FEDERAL RESERVE FLOAT LOANS TO MEMBER BANKS 16 17 18 19 20 COMMERCIAL BANKING—TOTAL COMMERCIAL BANKS MEMBER HANK RESERVES VAULT CASH DEP. AT FGN. BK. AG. BANK AFFILIATES—LOANS TO AFFILIATE BANKS 21 18.593 18.825 20.744 23.112 19.242 21.444 24,156 24.044 23.880 22.463 1 15.915 1.869 16.139 2.046 17.899 2.216 20.479 1.978 16.563 2.015 17.681 2.174 20.056 2.697 19.950 2.753 20.160 2.512 18.876 2.469 2 3 809 d03 780 0 3 20 0 640 635 596 0 8 31 0 629 623 569 0 7 47 0 655 649 574 0 6 69 0 664 655 542 0 10 103 0 1.589 1.577 1.435 0 13 129 0 1.403 1.387 1.203 0 17 167 0 1.341 1.322 1.094 0 22 206 0 1.208 1.189 948 0 23 218 0 1.118 1.095 818 0 28 249 0 4 5 6 7 8 9 10 6 5 6 6 9 12 16 19 19 23 11 18.593 18.825 20.744 23.112 19.242 21.444 24.156 24.044 23.880 22.463 12 780 578 202 596 580 16 569 535 34 574 541 33 542 534 8 1.435 1.368 67 1.203 1.184 19 1.094 967 127 948 935 13 818 808 10 13 14 15 17.813 17.790 15.915 1.869 6 18.229 18.190 16.139 2.046 5 20.175 20.121 17.899 2.216 6 22.538 22,463 20.479 1.978 6 18.700 18.587 16.563 2.015 9 20.009 19.867 17.681 2.174 12 22.953 22.769 20.056 2.697 16 22.950 22.7?2 19.950 2.753 19 22.932 22.691 20.160 2.512 19 21.645 21.368 18,876 2.469 23 16 17 18 19 20 FGN. BANKING AGENCIES DEM. DEPOSITS AT BANKS TIME DEPOSITS AT BANKS LOANS TO BANKS 22 23 24 25 (1) (2) 0 0 0 0 0 0 0 0 0 0 21 23 20 0 3 39 31 0 8 54 47 0 7 75 69 0 6 113 103 0 10 142 129 0 13 184 167 0 17 228 206 0 22 241 218 0 23 277 249 0 28 22 23 24 25 INCLUDES INITIAL ALLOCATIONS OF SDR'S OF $867 MILLION IN JANUARY 1970, $717 MILLION IN JANUARY 1971» AND $710 MILLION IN JANUARY 1972. ALSO INCLUDES REVALUATIONS OF FOREIGN CURRENCY HOLDINGS* GOLD. SDR'S* AND IMF POSITION. THESE ALLOCATIONS AND REVALUATIONS ARE EXCLUDED FROM FLOWS. TREASURY GOLD STOCK. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST. 1973 MONETARY AND INSURANCE RESERVES MONETARY AND INSURANCE RESERVES 109 GOLD. OFFICIAL FOREIGN EXCHANGE. TREASURY CURRENCY. AND INSURANCE RESERVES YEAR-END OUTSTANOTNGS. 1955 YEAR-END OUTSTANDINGS. 1955-64 1956 1957 1958 1961 1960 1959 1962 1963 1964 1955-64 GOLD ANU OFFICIAL FOREIGN EXCHANGE HOLDINGS (1) 1 22.797 23.666 24.832 22.540 21.504 19.359 18.753 17.220 16.843 16.672 TOTAL U.S. RESERVES 1 2 3 4 21.753 63 21.690 22.058 109 21.949 22.857 76 22.781 20.582 48 20.534 19.507 51 19.456 17.804 37 17.767 16.947 58 16.889 16.057 79 15.978 15.596 83 15.513 15.471 83 15.388 U.S. GOLD STOCK AND SDR’S U.S. GOVT.—EX.STAB. FUND MONfTARY authorities (2) 2 3 4 U.S. FGN. EXCHANGE POSITION 5 5 1.044 1.608 1.975 1.958 1.997 1.555 1.806 1.163 1.247 1.201 6 7 8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 116 116 0 99 18 81 212 59 153 432 137 295 OFFICIAL FGN. CURR, HLDGS. TREASURY FEOtRAL RESERVE 6 7 8 9 10 11 1.044 1.105 -61 1.608 1.667 -59 1.975 2.004 -29 1.958 1.993 -35 1.997 2.059 -62 1.555 1.656 -101 1.690 1.737 -47 1.064 1.112 -48 1.035 1.087 -52 769 814 -45 NET IMF POSITION U.S. GOVT. ASSET FEDERAL RESERVE POSITION 9 10 11 12 13 14 37.620 21.753 15.867 38.075 22.068 16.017 38.765 22.857 15.908 39.445 20.582 18.863 40.195 19.507 20.688 40.540 17.804 22.736 41.120 16.947 24.173 41.475 16,057 25.418 42.305 15.596 26.709 43.015 15.471 27.544 TOTAL WORLD GOLD ♦ SDR’S U.S., AS ABOVE REST OF THE WORLD 12 13 14 2.760 5.411 -2.651 2.806 5.422 -2.616 2.830 5.249 -2.419 total u.s. govt, liability MONETARY AUTHORITIES ASSET UNALLOCATED ASSET 1 2 3 TREASURY CURRENCY AND SDR CERTIFICATES 1 2 3 2.507 4.852 -2.345 2.526 4.910 -2.384 2.562 4.990 -2.428 2.600 5.078 -2.478 2.639 5.155 -2.516 2.686 5.242 -2.556 2.740 5.429 -2.689 INSURANCE ANU PENSION FUND RESERVES I. LIFE INSURANCE RESERVES 1 2 3 69.254 5.795 63.459 72.724 6.098 66.626 75.462 6.185 69.277 78.535 6.241 72.294 81.956 6.350 75.606 85.184 6.426 78.758 88.631 6.519 82.112 92.398 6.644 85.754 96.635 6.775 89.860 101,051 6.879 94.172 TOTAL LIABILITIES u.s. government 4 69.254 72.724 75.462 78.535 81.956 85.184 88.631 92.398 96.635 101.051 TOTAL ASSETS life insurance companies (HOUSEHOLDS) 1 2 3 4 II. PENSION FUND RESERVES 5 6 7 8 9 10 11 12 50.388 10.048 6.498 3.550 40.3*0 11.325 18.257 10.758 56.487 10.911 7.2b9 3.642 *5.576 12.500 21.044 12.032 62.561 11.346 7.685 3.661 51.215 14.100 23.408 13.707 72.606 12.280 8.598 3.682 60.326 15.600 29.249 15.477 82.273 13.164 9.470 3.69* 69.109 17.575 34.131 17.403 90.674 14.090 10.406 3.684 76.584 18.850 38.173 19.561 103.461 15.006 11.434 3.572 88.455 20.250 46.263 21.942 109.231 15.999 12.464 3.535 93.232 21.625 47.309 24.298 122.712 17.160 13.571 3.589 105.552 23.300 55.394 26.858 137.506 18.409 14.753 3.656 119.097 25.250 63.949 29.898 13 2.507 2.526 2.562 2.600 2.639 2.686 2.740 2.760 2.806 2.830 14 50.388 56.487 62.561 72.606 82.273 90.674 103.461 109.231 122.712 137.506 TOTAL LIABILITIES u.s. government EMPLOYEE RETIREMENT RAILROAD RETIREMENT INSURANCE SECTOR LIFE INSURANCE COMPANIES 5 6 7 8 9 10 private pension funds 11 S. ♦ L. GOVT., RTR. FUNDS 12 TOTAL U.S. GOVT. LIABILITY TOTAL ASSETS (HOUSEHOLDS) 13 14 interbank claims 1 23.686 24.375 24.215 23.499 23.628 22.775 24.135 25.548 24.606 26.002 2 3 19.005 2.682 19.059 3.261 19.034 3.335 18.504 3.249 18.174 3.012 17.081 3.346 17.387 3.689 17.454 4.519 17.049 4.259 17.850 4.532 4 5 6 7 8 9 10 1.999 1.976 1.692 0 31 253 0 2.055 2.027 1.690 0 38 299 0 1.846 1.817 1.474 0 42 301 0 1.746 1.714 1.342 0 45 327 0 2.442 2.422 2.043 0 48 331 0 2.348 2.342 1.872 0 53 417 0 3.059 3.002 2.415 0 58 529 0 3.575 3.478 2.940 0 53 485 0 3.298 3.230 2.631 0 70 529 0 3.620 3.605 2.762 0 297 546 11 23 28 29 32 20 6 57 97 68 15 12 23.686 24.375 24.215 23.499 23.628 22.775 24.135 25.548 24.606 26,002 13 14 15 1.692 1.585 107 1.690 1.665 25 1.474 1.424 50 1.342 1.296 46 2.043 1.590 453 1.872 1.847 25 2.415 2.300 115 2,940 2.903 37 2.631 2.600 31 2.7b2 2.606 156 16 17 18 19 20 21.994 21.T10 19.005 2.682 23 22.685 22.348 19.059 3.261 28 22.741 22.398 19.034 3.335 29 22.157 21.785 18.504 3.249 32 21.585 21.206 18.174 3.012 20 20.903 20.433 17.081 3.346 6 21.720 21.133 17.387 3.689 57 22.608 22.070 17.4S4 4.519 97 21.975 21.376 17.049 4.259 68 23.240 22.397 17.850 4.532 15 21 0 0 0 0 0 0 0 0 0 0 22 23 24 25 284 253 0 31 337 299 0 38 343 301 0 42 372 327 0 45 379 331 0 48 470 417 0 53 587 529 0 58 538 485 0 53 599 529 0 70 843 546 0 297 TOTAL LIABILITIES MONET. AUTH.— MEM. BK. RES. —vault CASH 4 5 6 7 8 9 TIME OEP. OF FGN. BK. AG 10 COMMERCIAL BANKING—TOTAL COMMERCIAL BANKS TO MONETARY AUTHORITIES LOANS FROM AFFILIATES LOANS FROM FGN. BK. AG. DEM. dEP. OF FGN. BK. AG FOREIGN BANKING AGENCIES — DEPOSITS OF BANKS TOTAL ASSETS IN MILLIONS OF DOLLARS, 11 12 MONETARY AUTHORITIES FEDERAL RESERVE FLOAT LOANS TO MEMBER BANKS 13 14 15 COMMERCIAL BANKING —TOTAL COMMERCIAL BANKS MEMBER BANK REStRVES vault CASH DEP. aT FGN. BK. AG. BANK AFFILIATES—LOANS TO AFFILIATE BANKS 16 17 18 19 20 FGN. BANKING AGENCIES DEM. DEPOSITS AT BANKS TIME DEPOSITS AT BANKS LOANS IO BANKS (1) INCLUDES INITIAL ALLOCATIONS OF SDR’S OF $867 MILLION IN JANUARY 1970. $717 MILLION IN JANUARY 1971. ANn $710 MILLION IN JANUARY 1972, ALSO INCLUDES REVALUATIONS OF FOREIGN CURRENCY HOLDINGS. GOLD. SDR’S, AND IMF POSITION. THESE ALLOCATIONS AND REVALUATIONS ARE EXCLUOED FROM FLOWS. (2) TREASURY GOLD STOCK. MONEY AMOUNTS ARE 1 2 3 21 22 23 24 25 AUGUST* 1973 MONETARY AND INSURANCE RESERVES 110 MONETARY AND INSURANCE RESERVES GOLD* OFFICIAL FOREIGN EXCHANGE. TREASURY CURRENCY* AND INSURANCE RESERVES YEAR-ENO OUTSTANDINGS, YEAR-END OUTSTANDINGS, 1965-72 1965 1968 1967 1966 1969 1970 1971 GOLO ANO OFFICIAL FOREIGN EXCHANGt HOLDINGS 1972 1973 1965-72 1974 (1) 1 TOTAL U.S. RESERVES 15.450 14.882 14.830 15.710 16.964 14.487 12.167 13.151 1 2 3 4 U.S. GOLD STOCK AND SDR’S U.S. GOVT.—EX.STAB. FUND MONETARY AUTHORITIES (2) 13.606 73 13.733 13.235 76 13.159 12.065 83 11.982 10.892 525 10.367 11.859 1.492 10.367 11.923 1.200 10.723 11.306 1.174 10.132 12.4*5 2.035 10.410 2 3 4 5 U.S. FGN. EXCHANGE POSITION 1.644 1.647 2.765 4.818 5.105 2.564 861 706 5 6 7 8 OFFICIAL FGn. CURR. HLDGS. TREASURY FEDERAL RFSERVE rei 152 629 1.321 446 875 2.345 741 1.604 3.528 1.467 2.061 2.781 814 1.967 629 372 257 276 259 17 241 192 6 7 8 9 10 11 NET IMF POSITION U.S. GOVT. ASSET FEDERAL RFSERVE POSITION 863 912 -49 326 383 -57 420 480 -60 1.290 1.348 -58 2.324 2.385 -61 1.935 2.010 -75 585 661 -76 465 543 -78 9 10 11 43.230 13.806 29.424 43.185 13.235 29.950 41.600 12.065 29.535 40.905 10.892 30.013 41.015 11.859 29.156 44.689 11.923 32.766 48.084 11.306 36.778 55.905 12.445 43.460 12 13 14 6.979 8.713 -1.734 1 2 3 12 13 14 TOTAL WORLD GOLD ♦ SDR’S U.S., AS ABOVE REST OF THE WORLD 49 TREASURY CURRENCY AND SDR CERTIFICATES 3.064 5.419 -2.355 1 TOTAL U.S. GOVT. LIABILITY 2 MONETARY AUTHORITIES ASSET 3 UNALLOCATED AS$ET 3.963 6.161 -2.198 4.646 6.626 -1.982 5.062 6.795 -1.733 5.334 6.848 -1.514 5.956 7.549 -1.593 6.446 8.027 -1.581 INSURANCE AND PENSION FUND RESERVES I. LIFE INSURANCE RESERVES 1 2 3 TOTAL LIABILITIES U.S. government LIFE INSURANCE COMPANIES 105.876 7.013 98.863 110.570 7.120 103.450 115.424 7.200 108.224 120.045 7.186 112.859 125.023 7.252 117.771 130.265 7.358 122.907 136.437 7.429 129.008 143.747 7.498 136.249 1 2 3 4 TOTAL ASSETS 105.876 110.570 115.424 120.045 125.023 130.265 136.437 143.747 4 153.809 19.724 15.912 3.812 134.085 27.325 73.568 33.192 163.640 20.977 16.969 4.008 142.663 29.425 75.820 37.418 185.229 22.292 18.045 4.247 162.937 32.050 89.371 41.516 206.394 23.628 19.316 4.312 182.766 34.975 101.438 46.353 217.007 25.147 20.767 4.380 191.860 37.900 102.545 51.415 237.159 27.528 23.025 4.503 209.631 41.175 110.771 57.685 271.702 30.371 25.998 4.373 241.331 46.350 130,472 64.509 309.150 33.524 29.089 4.435 275.626 51.550 152.3n5 71.771 5 6 7 8 9 10 11 12 (HOUSEHOLDS) II. PENSION FUNO RESERVES 5 6 7 8 9 10 11 12 TOTAL LIABILITIES u.s. government EMPLOYEE RETIREMENT RAILROAD RETIREMENT INSURANCE SFCTOR 13 TOTAL U.S. 14 TOTAL ASSETS (HOUSEHOLDS, life insurance companies PRIVATE RFNSIQN FUNDS S. ♦ L. GOVT., HTR. FUNDS GovT. 3.064 3.963 4.646 5.062 5.334 5.956 6.446 6.979 13 153.809 163.640 185.229 206.394 217.007 237.159 271.702 309.ISO 14 LIABILITY INTERBANK CLAIMS 1 2 3 4 5 6 7 8 9 10 TOTAL LIABILITIES MONET. AUTH.—MEM. BK. RES. —vault CASH COMMERCIAL HANKING—TOTAL COMMERCIAL BANKS TO MONETARY authorities LOANS FROM AFFILIATES LOANS FROM FGN. BK. AG. DEM. DEP. OF FGN. BK. AG TIME DEP. OF FGN. BK. AG 26.562 28.856 31.621 35.266 37.228 41.685 47.267 49.252 1 18.447 4.851 19.794 5.450 21.092 5.931 21.859 7.195 22.085 7.320 24.150 7.047 27.78B 7.541 25.647 8.666 2 3 3.264 3.227 2.344 0 231 652 0 3.612 3.545 2.683 0 150 712 0 4.598 4.542 2.717 0 253 1.572 0 6.212 6,132 3.631 0 223 2.278 0 7.823 7.685 3.623 585 367 3.110 0 10.488 10.154 4.596 682 464 4.357 55 11.938 11.726 4.382 991 606 5.645 102 14.939 12.184 5.955 787 4.402 441 4 5 6 7 8 9 10 599 foreign banking agencies— 12 TOTAL ASSETS 13 14 15 MONETARY AUTHORITIES FEDERAL RFSERVE FLOAT LOANS TO MEMBER BANKS 16 17 18 19 20 COMMERCIAL BANK ING —TOTAL COMMERCIAL BANKS MEMBER BANK RESERVES VAULT CASH DEP. AT FGN. BK. AG. BANK AFFILIATES—LOANS TO AFFILIATE BANKS 21 37 67 56 80 138 334 212 2.755 11 26.562 28.856 31.621 35.266 37.228 41.685 47.267 49.252 12 2.344 2.248 96 2.683 2.510 173 2.71 7 2.576 141 3.631 3.443 188 3.623 3.440 183 4.596 4.261 335 4.382 4.343 39 5.955 3.974 1.981 13 14 15 24.218 23.335 18.447 4.851 37 26.173 25.311 19.794 5.450 67 31.635 29.134 21.859 7.195 80 33.605 29.543 22.085 7.320 138 37.089 31.531 24.150 7.047 334 42.885 35.541 27.788 7.541 212 43.297 37.068 25.647 8.606 2.755 16 17 18 19 20 DEPOSITS OF BANKS 11 FGN. BANKING AGENCIES DEM. DEPOSITS AT BANKS TIME DEPOSITS AT BANKS LOANS IO BANKS 22 23 24 25 (1) (2, 28.904 27.079 21.092 ' 5.931 56 0 0 0 0 585 682 991 599 21 883 652 0 231 862 712 0 150 1.825 1.572 0 253 2.501 2.278 0 223 3.477 3.110 0 367 4.876 4.357 55 464 6.353 5.645 102 606 5.630 4.4n2 441 787 22 23 24 25 INCLUDES INITIAL ALLOCATIONS OF SDR’S OF $867 MILLION IN JANUARY 1970, $717 MILLION IN JANUARY 1971, AND $710 MILLION IN JANUARY 1972. ALSO INCLUDES REVALUATIONS OF FOREIGN CURRENCY HOLDINGS* GOLD* SDR’S, ANO IMF POSITION. THESE ALLOCATIONS AND revaluations are excludeo from flows. TREASURY GOLD stock. MONEY AMOUNTS ARF IN MILLIONS OF DOLLARS AUGUST♦ 1973 MONEY AND DEPOSITS SUMMARY MONEY AND DEPOSITS SUMMARY 111 MONEY SUPPLY AND TIME AND SAVINGS ACCOUNTS YEAR-END OUTSTANDINGS. 19*5 19*5-54 1946 YEAR-END OUTSTANDINGS. 19*7 19*8 19*9 1950 1951 1952 1953 1945--5* 195* DEMAND DEPOSITS AND CURRENCY MONEY SUPPLY domestic SECTORS HOUSEHOLDS 1 1 2 3 * 5 6 7 8 9 10 11 104.999 102.322 56.737 32.485 18.959 8.926 4.600 3.715 3.992 5.393 2.677 112.558 110.278 60.523 34.839 19.502 8.937 6.400 4.582 4.661 5.673 2.280 115.805 114.087 59.1*1 38.235 21.43* 9.301 7.500 5.315 4.98* 6.412 1.718 114.055 111.856 56.408 38.510 21.861 9.1*9 7.500 5.808 5.096 6.03* 2.199 113.650 111.662 54.538 39.418 22.903 9.515 7.000 6.04* 5.339 6.323 1.988 119.332 117.297 56.945 40.960 24.222 9.738 7.000 6.495 6.001 6.896 2.035 126.427 124.727 60.299 *3.836 25.859 10.777 7.200 6.890 6.59* 7.108 1.700 131.201 129.251 62.380 44.170 26.641 10.429 7.100 7.193 6.740 8.768 1.950 132.578 131.080 63.492 *3.927 26.550 10.377 7.000 7.577 7.096 8.988 1.498 136.900 135.192 65.258 *6.136 28.329 10.907 6.900 7.943 7.375 8.480 1.708 12 13 27.77* 132.773 5.65* 118.212 3.549 119.35* 4.786 118.8*1 5.20* 118.85* 4.767 124.099 4.876 131.303 6.600 137.801 5.253 137.831 5.531 1*2.431 U.S. GOVERNMENT DEPOSITS TOTAL ASSETS 12 13 1* 15 16 17 18 132.773 31.11* 3.26* 1.20* 26.6*6 118.212 30.377 2.655 806 26.906 119.35* 29.290 2.206 *32 26.652 118.8*1 29.353 2.4*8 659 26.246 118.85* 28.525 2.133 807 25.585 124.099 28.175 1.961 647 25.567 131.303 28.560 1.517 53* 26.509 137.801 29.899 1.659 560 27.680 137.831 29.806 1.107 430 28.269 1*2.431 29.893 1.359 49* 28.0*0 NET BANKING SYSTEM LIABILITY 1* 19 101.659 87.835 90.06* 89.488 90.329 95.924 102.7*3 107.902 108,025 112.538 20 21 22 23 101.*** 24.510 1.389 75.5*5 87.683 2.989 1.416 83.278 89.926 1.343 1.22* 87.359 89.377 2.338 1.502 85.537 90.165 3.071 1.12* 85.970 95.691 2.806 1.314 91.571 102.435 3.359 1.067 98.009 107.5*2 4.941 1.275 101.326 107.644 *.146 948 102.550 112.081 4.172 1.075 106.83* 2* 25 26 215 8* 131 152 58 9* 138 62 76 111 38 73 16* 57 107 233 74 159 308 99 209 360 115 2*5 381 120 261 457 139 318 nonfinancial business corporate nonfarm noncorporate FARM S. ♦ l. governments financial sectors MAIL FLOAT REST OF THE WORLD 2 3 * 5 6 7 8 9 10 11 monetary authorities 15 U.S. GOVT. CASH ♦ DEPOSITS 16 17 FOREIGN DEPOSITS 18 CURRfNCY commercial banking of which: COMMERCIAL banks U. S. GOVERNMENT FOREIGN OTHER foreign banking agencies FOREIGN DOMESTIC 19 20 21 22 23 2* 25 26 TIME OEPOSITS AND SAVINGS ACCOUNTS 1 53.501 60,036 63.631 66.174 69.155 71.898 76.8*9 85.0*1 94.270 104.819 2 3 * 5 30.416 0 30.355 61 34.231 0 34.15* 77 35.602 0 35.5*5 57 36.202 0 36.152 50 36.695 0 36.622 73 37.031 0 36.938 93 38.767 0 38.659 108 41.885 0 41.725 160 *5.3*8 0 *5.138 210 *9.179 0 *8.920 259 6 7 8 9 10 11 27.165 900 529 10* 1*0 1.578 30.760 900 708 120 161 1.582 31.9*9 900 867 111 211 1.56* 32,232 900 1.138 117 230 1.585 32.37* 900 1.290 182 222 1.727 32.428 900 1.391 190 168 1.954 34.193 900 1.543 278 187 1.666 36.980 900 1.628 351 219 1.807 39.498 900 1.957 3*2 2*3 2.408 *2.120 1.100 2.419 370 270 2.900 12 23.085 25.805 28.029 29.972 32.460 34.867 38,082 43.156 *8.922 55.640 13 1* 15 7.386 15.333 366 8.563 16.813 *29 9.760 17.759 510 10.969 18.400 603 12.472 19.287 701 13.992 20,025 850 16.107 20.900 1.075 19.195 22.610 1.351 22.846 24.388 1.688 27.252 26.351 2.037 16 22.950 25.668 27.926 29,905 32.431 34.867 37.970 43.012 *8.777 55.429 17 135 137 103 67 29 0 112 1*4 1*5 211 18 50.115 56.428 59.875 62.137 64.805 67.295 72.163 79.992 88.275 97.549 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS, TOTAL HELO COMMERCIAL BANKING LIABILITY LARGE NEGOTIABLE CD’S OTHER AT COMMERCIAL BANKS AT FOREIGN BANKING AGENCIES HELD BY: HOUSEHOLDS CORPORATE BUSINESS STATE AND LOCAL GOVERNMENT U.S. GOVERNMENT MUTUAL SAVINGS BANKS FOREIGN AT SAVINGS INSTITUTIONS LIABILITIESSAVINGS ♦ LOAN ASSNS. MUTUAL SAVINGS BANKS CREDIT UNIONS ASSETSHOUSEHOLOS CREDIT UNION DEPOSITS AT S*L’S MEMO - HOUSEHOLDS TOTAL TIME ♦ SAVINGS ACCOUNTS 1 2 3 * 5 6 7 8 9 10 11 12 13 1* 15 16 17 18 AUGUST. 1973 MONEY AND DEPOSITS SUMMARY MONEY AND DEPOSITS SUMMARY 112 MONEY SUPPLY AND TIME AND SAVINGS ACCOUNTS YEAR-END OUTSTANDINGS. YEAR-END OUTSTANDINGS, 1955-64 1955 1956 1957 1958 1989 1960 1961 1962 1963 1955-64 1964 OEMAND DEPOSITS AND CURRENCY 139.854 138.322 66.125 47.382 29.282 11.200 6.900 7.982 7.809 9.024 1.532 141.614 139.861 67.759 47.239 2B.990 11.549 6.700 7.438 7.943 9.482 1.753 140.807 138.705 66.597 47.98U 29.024 12.356 6.600 6.781 8.192 9.155 2.102 146.382 144.376 68.792 50.624 30.083 13.641 6.900 6.564 8.839 9.557 2.006 147.720 145.580 71.499 48.103 29.196 12.707 6.200 8.258 8.709 9.011 2.140 148.695 146.573 74.063 45.591 27.376 12.415 5.800 8.418 9.088 9.413 2.122 154.552 151.454 76.116 45.992 27.677 12.515 5.80 0 8.830 10.251 10.2&5 3.098 158.464 155.231 78.363 46.397 27.982 12.515 5.900 9.364 11.207 9.900 3.233 163.775 160.276 81.740 46.504 28.289 12.515 5.700 10.877 11.248 9.907 3.499 172.210 167.961 86.549 47.015 28.600 12.515 5.900 12.509 11.454 10.434 4.249 1 2 3 4 5 6 7 8 9 10 11 U.S. GOVERNMENT DEPOSITS 12 13 TOTAL ASSETS 4.870 144.724 4.949 146.563 5.140 145.947 5.291 151.673 5.945 153.665 6.807 155.502 6.833 161.385 8.135 166.599 7.789 171.564 7.942 180.152 12 13 1* NET BANKING SYSTEM LIABILITY monetary authorities 15 U.S. GOVT, cash ♦ deposits 16 foreign deposits 17 CURRENCY 16 144.724 30.046 1.161 409 28.*76 146.563 30.070 1.216 325 28.529 145.947 30.106 1.242 365 28.499 151.673 30.264 1.041 279 28.944 153.665 30.827 895 353 29.579 155.502 30.611 862 226 29.523 161.385 31.410 887 294 30.229 166.599 32.068 977 292 30.819 171.564 34.890 1.241 216 33.433 180.152 36.788 1.432 269 35.087 14 15 16 17 18 1 2 3 4 5 6 7 e 9 10 u 19 20 21 22 23 24 25 26 MONEY SUPPLY DOMESTIC SECTORS HOUSEHOLDS NONFINANCIAL BUSINESS CORPORATE NONFAHM noncorporate FARM S, ♦ L, GOVERNMENTS FINANCIAI SECTORS MAIL FLOAT REST OF Thf WORLD commercial banking OF WHICH: COMMERCIAL HANKS U. S. GOVERNMENT eoreign OTHER 114.678 116.493 115.841 121.409 122.838 124.891 129.975 134.511 136.674 143.364 19 114.202 3.709 981 109.512 115.934 3.733 1.258 110.943 115.203 3.898 1.558 109.747 120.791 4.250 1.529 115.012 121.810 5.050 1.525 115.235 123.743 5.945 1.649 116.149 128,746 5.946 2.586 120.214 133.317 7.158 2.740 123.419 135.577 6.548 3.064 125.965 141.532 6.510 3.688 131.334 20 21 22 23 476 142 334 559 170 389 638 1 79 459 618 198 420 1.028 262 766 1.148 247 901 1.229 218 1.011 1.194 201 993 1.097 219 878 1.832 292 1.540 24 25 26 FOREIGN BANKING AGENCIES foreign OOMESTIC time deposits and savings accounts 1 TOTAL HELD 2 3 4 5 6 7 8 9 10 11 commercial BANKING LIABILITY LARGE NEGOTIABLE CD’S OTHER AT COMMERCIAL banks AT FOREIGN HANKING AGENCIES HELD BY: HOUSEHOLDS CORPORATE BUSINESS STATE AND LOCAL GOVERNMENT U.S. GOVERNMENT MUTUAL SAVINGS BANKS FOREIGN 12 AT SAVINGS INSTITUTIONS 13 14 15 LIABILITIESSAVINGS ♦ LOAN ASSNS. MUTUAL SAVINGS BANKS CREDIT UNIONS 113.274 122.702 135.000 151.862 161.789 177.089 197.841 226.518 256.100 286.540 1 50.504 0 50.257 247 52.614 0 52.311 303 58.023 0 57.784 239 65.986 0 65.765 221 67.788 0 67.541 247 73.623 1.095 72.241 287 83.040 3.223 79.487 330 98.615 6.200 92.080 335 113.024 9.879 102.748 397 127.587 12.585 114.579 423 2 3 4 5 43.768 1.000 2.356 357 224 2.799 46.068 1.000 2.400 330 159 2.657 51.281 1.000 2.783 301 125 2.533 56.596 1.900 3,589 327 160 3.414 60.167 1.500 3.179 285 82 2.575 61.953 3.867 4.557 262 125 2.859 67.316 6.896 5.465 284 168 2.911 79.945 8.382 6.450 269 lbO 3.409 89.445 10.825 8.093 260 141 4.260 101.055 10.809 9.812 272 224 5.415 6 9 10 11 62.770 70.088 76.977 85.876 94.001 103.466 114.801 127.903 143.076 158.953 12 32.142 28.182 2.446 37.148 30.026 2.914 41.912 31.684 3.381 47.976 34.031 3.869 54.583 34.977 4.441 62.142 36.343 4.981 70.885 38.277 5.639 80.236 41.336 6.331 91.308 44.606 7.162 101.887 48.849 8.217 13 14 15 62.539 69.823 76.737 85.478 93.672 103.319 114.494 127.552 142.674 158.448 16 231 265 240 398 329 147 307 351 402 505 17 106.307 115.891 128.018 142.074 153.839 165.272 181.810 207.497 232.119 259.503 16 assets16 17 H0USEH0LOS CREDIT UNTON DEPOSITS AT S*L’S 18 MEMO - HOUSEHOIDS TOTAL TIME ♦ SAVINGS ACCOUNTS MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS, 7 8 AUGUST. 1973 MONEY ANO DtPOSIlS SUMMARY MONEY ANO OEPOSITS SUMMARY 113 MONEY SUPPLY ANU TIME ANU SAVINGS ACCOUNTS YEAR-END OUTSTANOTNGS. 1965 YEAR-END OUTSTANDINGS, 1965-72 1966 1968 1967 1969 1971 1970 1972 1973 1965-72 1974 DEMAND DEPOSITS AND CURRENCY 1 2 3 4 5 6 7 8 9 10 11 180.467 176.094 94.221 47.430 28.915 12.515 6.000 12.127 11.836 10.480 4.373 184.741 179.965 98.075 47.748 29.233 12.515 6.000 12.975 11.621 9.546 4.776 198.621 193.515 109.376 49.294 30.679 12.515 6.100 14.128 12.405 8.312 5.106 214.634 208.941 121.693 51.208 32.393 12.515 6.300 13.913 13.335 8.792 5.693 222.273 216.292 123.347 53.766 34.851 12,515 6.400 15.326 13.002 10.851 5.981 234.048 227.879 132.812 54.276 35.246 12.515 6.515 13.722 14.046 13.023 6.169 248.323 241.870 143.699 55.077 35.9?4 12.515 6.638 12.751 15.039 15.304 6.453 268,285 260.310 156.487 55.253 35.96? 12.515 6.776 14.570 16.951 17.049 7.975 12 13 6.953 187.420 6.584 191.325 7.701 206.322 6.465 221.099 7.023 229.296 9.525 243.573 12.653 260.976 13.075 281.360 U.S. GOVERNMENT DEPOSITS TOTAL ASSETS 12 13 14 15 16 17 18 187.420 38.834 1.428 201 37.205 191.325 41,180 1.592 405 39.183 206.322 44.158 2.467 396 41.295 221.099 45.659 1.455 477 43.727 229.296 48.911 1.969 377 46.565 243.573 51.979 1.587 346 50.046 260.976 56.387 2.484 465 53.438 281.360 60.419 2.200 369 57.850 NET BANKING SYSTEM LIABILITY MONETARY AUTHORITIES U.S. GOVT. CASH ♦ DEPOSITS FOREIGN DEPOSITS 14 15 16 17 18 19 148.586 150.145 162.164 175.440 180.385 191.594 204.589 220.941 COMMERCIAL BANKING OF which: 19 20 21 22 23 146.990 5.525 3.855 137,610 148.597 4.992 4.064 139.541 160.479 5.234 4.378 150.867 172.765 5.010 4.678 163.077 177.372 5.054 5.011 167.307 181.997 7.938 5.202 168.857 195.379 10.169 5.183 180.027 215.175 10.875 6.517 197.783 commercial banks 20 21 22 23 24 25 26 1.596 317 1.279 1.548 307 1.241 1.685 332 1.353 2.675 538 2.137 3.013 593 2.420 9.597 621 8.976 9.210 805 8.405 5.766 1.089 4.677 MONEY SUPPLY DOMESTIC SECTORS HOUSEHOLDS NONFINANCIAL BUSINESS CORPORATE NONFARM NONCORPORATE F ARm S. ♦ L. GOVERNMENTS FINANCIAL SECTORS MAIL FLOAT REST OF THE WORLD currency U. S. GOVERNMENT FORFlGN OTHER foreign banking agencies FOREIGN DOMESTIC 1 2 3 4 5 6 7 8 9 10 11 24 25 26 time DEPOSITS ANO SAVINGS ACCOUNTS 1 319.743 338.816 379.565 412.906 411.489 466.496 548.685 637.423 2 3 4 5 147.695 16.251 130.946 498 159.834 15.659 143.639 536 183.748 20.330 162.771 647 204.469 23.468 180.200 801 195.125 10.919 183.174 1.032 233.090 26.074 205.608 1.408 274.453 34.759 238.026 1.668 316.796 44.519 271.071 1.206 6 7 8 9 10 11 115.911 13.131 12.186 250 211 6.006 127.924 11.741 13.462 220 171 6.316 146.010 13.820 15.892 267 205 7.554 163.388 14.194 19.110 368 157 7.252 161.487 11.790 13.220 211 56 8.361 188.960 13.485 23.225 463 300 6.657 218.799 17.085 30.384 529 452 7.204 248.647 20.195 37.161 606 365 9.822 12 172.048 178.982 195.817 208.437 216.364 233.406 274.232 320.627 13 14 15 110.385 52.443 9.220 113.969 55.006 10.007 124.493 60.121 11.203 131.618 64.507 12.312 135.538 67,086 13.740 146.404 71.580 15.422 174.472 81.441 18.319 207.305 91.613 21.709 16 171.614 178.907 195.501 208.304 216.335 233.324 273.941 319.918 17 434 75 316 133 29 82 291 709 18 287.525 306.831 341.511 371.692 377.822 422.284 492.740 568.565 TOTAL HELO COMMERCIAL BANKING LIABILITY LARGE NEGOTIABLE CD’S OTHER AT COMMERCIAL BANKS AT FORtIGN BANKING AGENCIES HELD BY: HOUSEHOLDS CORPORATE BUSINESS STATE AND LOCAL GOVERNMENT U.S. GOVERNMENT MUTUAL SAVINGS BANKS FOREIGN AT SAVINGS INSTITUTIONS LIABILITIESSAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS CREDIT UNIONS 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 assets- MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS, HOUSEHOLDS CREDIT UNION OEPOSITS AT S*L’S MEMO - HOUSEHOLDS TOTAL TIME ♦ SAVINGS ACCOUNTS 16 17 18 1973 U.S. GOVT. SECUhITIFS AUGUST, U.S. GOVT. SECURITIES 114 ij. s. government securities YEAR-ENh OUTSTANDINGS, 1945-54 YEAR-ENO OUTSTANDINGS, 1945 1 TOTAL OUTSTANDING TREASURY DIRECT ISSUES 2 3 HOUSEHOLD SAVINGS PONDS 4 DIRECT EXC. SAVINGS BOmQS short-term marketarlf 5 6 OTHFR DIRECT 7 8 9 10 11 12 18 19 20 21 federal reserve systfm 22 23 24 FOREIGN SHORT-TERM MARKETABLE OTHFR SHORT-TFRM OIRECT OTHER DIRECT AGENCY ISSUES 25 TOTAL PRIVATE DOMESTIC 26 27 28 29 30 31 32 33 3* PRIVATE OOMESTIC NONFINAN. TOTAL DIRECT ISSUES SAVINGS BONDS - HH. DIRECT EXC. SVGS. BONDS SHORT-TERM MARKETABLE OTHER OTHFR AGENCY ISSUE* LOAN PARTICIPATIONS 35 36 37 38 39 *0 households *1 42 *3 ** 45 CORPORATE NONFIN. BUSINESS *6 47 48 49 50 S. ♦ L. GOVERNMENTS DIRECT SHORT-TERM MaRKETABLES OTHER AGENCY ISSUES 51 52 53 54 55 56 57 58 59 60 61 62 63 SAVINGS BONOS DIRECT EXC. SVGS. BONDS short-term marketable OTHER AGENCY ISSUES direct SHORT-TERM MARKETABLE OTHER DIRECT AGENCY ISSUES COMMERCIAL BANKING TREASURY DIRECT ISSUES short-term otrfct OTHFR DIRECT AGFNCY ISSUES COMMERCIAL BANKS FGN. BANKING AGENCIES BKS. IN U.S. POSSESSIONS PRIVATE NONBANK FINANCE TREASURY DIRECT ISSUES short-term marketable OTHER DIRECT AGENCY ISSUES 1947 1948 1949 1951 1952 1953 1954 j 229.201 227.928 44.151 183.777 NA NA 222.086 220.734 46.236 174.498 NA MA 216.65? 214.178 47.837 166.341 NA NA 219.117 216.666 49.300 167.366 NA NA 218.319 216.109 49.582 166.557 NA NA 218.108 215.808 49.081 166.727 51.267 115.460 223.039 220.311 49.173 171.138 63.888 107.250 230.081 225.729 49.371 176.358 79.775 96.583 232.467 228.065 49.966 178,099 65.075 113.02* 2 3 4 5 6 1.181 0 308 308 0 873 1.273 0 105 105 0 1.16H 1.352 0 68 68 n 1.284 2.474 0 915 91S 0 1.559 2.451 0 1.004 1.004 0 1.447 2.210 0 38? 38? 0 1,828 2.300 0 245 245 0 2.055 2.728 0 626 626 0 2.102 4.352 0 2.253 2.253 0 2.099 4.402 0 2.338 2.338 0 2.064 7 8 9 10 11 12 252.355 0 351 351 0 229.201 0 356 356 0 222.086 0 325 325 0 216.652 0 453 453 0 219.117 0 450 450 0 218.319 0 373 373 0 218,108 5 428 428 0 223.039 4 495 495 0 230.081 0 589 589 0 232.467 1 849 849 0 13 14 15 16 17 24.262 NA NA 0 23.350 NA NA 0 22.559 NA NA 0 23.333 NA NA 0 18.885 NA NA 0 20.778 NA NA 0 23.801 13.564 10.237 0 24.698 14.555 10.143 0 25.915 16.518 9.397 0 24.933 19.865 5.068 0 18 19 20 21 2.574 1.838 736 1.851 1 .385 466 1.161 633 528 1 .599 1.101 498 1.867 1.259 608 3.062 1.510 1.552 2.982 2.111 871 4.050 2,876 1.174 4.535 3.444 1.091 4.778 3.678 1.100 22 23 24 225.168 203.644 198.041 191.267 197.915 194.106 190.892 193.792 199.042 201,906 25 92.051 91.758 42.935 48.823 NA NA 293 293 0 84.559 84.337 44.151 40.186 NA NA 222 222 0 85.884 85.604 46.236 39.368 NA NA 280 280 0 87,190 86.786 47.837 38.948 NA NA 405 405 0 90.169 89.823 49.300 40.523 NA NA 346 346 0 93.172 92.857 49.552 43.305 NA 315 315 0 93.576 92.970 49.081 43.889 15.057 28.832 606 606 0 93.834 93.185 49.173 44.012 17.993 26.019 649 649 0 96.981 96.265 49.371 46.894 22.418 24.476 716 716 0 94.450 93.753 49.966 43.787 19.802 23.985 697 697 0 26 27 28 29 30 31 32 33 34 68.078 42.935 25.041 NA NA 102 66.667 44.151 22.486 NA NA 30 67.806 46.236 21.483 NA NA 87 68.11S 47.837 20.067 NA 69.184 49.300 19.733 NA NA 151 68,554 49.552 18.883 NA NA 119 67.794 49.081 18.304 NA NA 409 67.615 49.173 18.127 4.364 13.763 315 68.143 49.371 18.613 7.244 11.369 159 66.386 49.966 16.516 4.643 11.873 -96 35 36 37 38 39 40 18.508 18.508 NA NA 0 12.779 12.779 NA NA 0 12.291 12.291 NA NA 0 12.853 12.853 14.697 14.697 NA NA 0 17.870 17,870 NA NA 0 18.653 18.653 NA NA 0 17.647 17.647 9.451 8.196 0 19.240 19.240 10.256 8,984 0 17.523 17.423 10.422 7.001 100 41 42 43 44 45 5.465 5.274 NA NA 191 5.113 4.921 NA NA 192 5.787 5.594 NA NA 193 6.222 6.028 6.288 6.093 NA NA 195 6.748 6.552 NA 7.129 6.932 726 6.206 197 8.572 8.238 4.178 4.060 334 9,598 9.041 4.918 4.123 557 10.541 9.848 4.737 5.111 693 46 *7 *8 49 50 92.319 91.441 NA NA 878 76.541 75.506 NA NA 1.035 70.882 69.827 NA NA 1.055 65.161 63.178 64.517 62.648 NA 1.983 69.652 67.591 NA NA 2.061 1.869 63.790 62.178 17.343 44.835 1.612 65.944 64,034 24.313 39.721 1.910 67.525 64.124 32.750 31.374 3.401 73.269 69.748 17.827 51.921 3.521 51 52 53 54 55 91.484 236 599 75.815 192 534 70.276 168 438 64.605 191 365 69,066 265 321 63.896 327 294 63.136 402 252 65.228 445 271 66.827 435 263 72.502 490 277 56 57 58 40.798 40.788 NA NA 10 42.544 42.528 NA NA 16 41.275 41.258 NA NA 17 38.916 38.830 38,094 38.050 Nft NA 44 36,417 36.391 33.526 33.449 2.764 30.685 77 34.014 33.849 3.656 30.193 165 34.536 34.301 4.056 30.245 235 34.187 34.00* 3.05* 30.950 183 59 60 61 62 63 na 211 na NA 0 na NA 194 na na na na 86 (l)WHERE NOT SHOWN SEPARATELY, LOAN PARTICIPATIONS ARE INCLUDED WITH AGENCY ISSUES. (21THESE ISSUES ARE OUTSIDE THE BUDGET AND OUTSIDE THE U.S. GOVERNMENT SECTOR IN FLOW-OF-FUNDS ACCOUNTS. THEY ARE INCLUDED IN CREOIT MARKET DEBT OF FINANCIAL INSTITUTIONS. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS' 1950 252.35? 251.174 42.935 208.?39 NA NA OTHFR BUDGET AGENCY TSSUFS LOAN PARTICIPATION CTFS. (1) CCC CTFS. OF INTFPFST OTHFR SPONSORED AGENCY ISSUES (2) 13 total holdings, py sector U.S. GOVERNMENT (AG. SFC.) 1* SPONSORED CREDTT AGENCIES 15 DIRECT MARKETABLE 16 17 FHLB SPECIAL ISSUE 1946 1945-5* NA NA 196 na na na 26 AUGUST* 1973 U.S. GOVT. SECURITIES U.S. GOVT. SECURITIES 115 U. S. GOVERNMENT SFCURITIES YEAR-END OUTSTANDINGS. 1955 1955-64 1956 YEAR-END OUTSTANDINGS. 1958 1957 1959 1960 1961 1962 1963 1955-64 1964 1 2 3 4 5 6 232.620 228.004 50.229 177.775 69.015 108.760 227.265 222.461 50.135 172.326 75.350 96.976 286.330 219.803 48.226 171.577 82.239 89.338 235.285 228.762 47.703 181.059 79.398 101.661 244.254 236.185 45.907 190.278 84.749 105.529 242.538 233.990 45.642 188.348 88.206 100.142 250.141 240.67? 46.445 194.227 98.920 95.307 258.412 246.886 46.868 200.018 99.820 100.198 263.865 250.974 48.049 202.925 101.073 101.852 270.521 256.362 48.960 207.402 105.797 101.605 7 8 9 10 11 12 4.616 570 1.041 1.041 0 3.005 4.804 570 786 786 0 3.448 6.527 1.372 307 307 0 4.848 6.523 797 801 801 0 4.925 8.069 797 152 152 0 7.120 8.548 50 638 638 0 7.860 9.469 100 895 895 0 8.474 11.526 145 1.393 1.113 280 9.988 12.891 180 1.187 712 475 11.524 14.159 190 2.032 541 1.491 11.937 13 14 15 16 17 232.620 227.265 4 1 .244 1 .244 0 226.330 5 1.161 1.111 50 235.285 1 1.252 1.087 165 244.254 0 1.352 1.187 165 242.538 6 1 .497 1.447 50 250.141 31 1.419 1.369 SO 258.412 0 1.792 1.741 51 263.865 29 2.204 1.879 325 270.521 11 1.789 1.764 25 18 19 20 21 24.785 21.208 3.577 0 24.915 22.205 2.710 0 24.238 21.810 2.428 0 26.346 20.995 5.351 0 26.648 20.192 6.456 0 27.384 19.242 8.142 0 28.881 18.301 10.580 0 30.820 20.739 10.081 0 33.593 25.578 8.015 0 37.044 28.202 8.842 0 FEDERAL RESERVE SYSTEM SHORT-TERM DIRECT OTHER OIRECT AGENCY ISSUES 18 19 20 21 22 23 24 5.838 4.209 1 .629 6.686 5.151 1 .535 6.864 5.371 1.493 6.958 5.372 1.586 9.975 7.475 2.500 10.551 7.697 2.854 10.998 7.062 3.936 12.320 9.246 3.074 12.910 8.690 4.220 13.385 8.499 4.886 FOREIGN SHORT-TERM MARKETABLE OTHER 22 23 24 20 976 976 0 TOTAL OUTSTANDING TREASURY DIRECT ISSUES HOUSEHOLD SAVINGS BONDS DIRECT EXC. SAVINGS BONDS SHORT-TERM MARKETABLE OTHER DIRECT othfr BUOGET AGENCY ISSUES LOAN PARTICIPATION CTFS. (1) CCC CTFS. OF INTEREST OTHER SPONSORED AGENCY ISSUES (2, TOTAL HOLDINGS* BY SECTOR U.S. GOVERNMENT (AG. SEC.) SPONSORED CREOIT AGENCIES DIRECT MARKETABLE FHLB SPECIAL ISSUE 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 25 201.001 194.416 194.062 200.728 206.279 203.100 208.812 213.480 215.129 218.292 TOTAL PRIVATE DOMESTIC 25 26 27 28 29 30 31 32 33 34 101.942 100.38b 50.229 50.157 27.257 22.900 1 .556 1 .556 n 99.760 97.932 50.135 47.797 27.210 20.587 1 .828 1 .828 0 99.785 96.763 48.226 48.537 30.351 18.186 3.022 3.022 109.874 105.127 45.907 59.220 35.119 24.101 4.747 4.747 0 104.589 100.097 45.642 54.455 31.149 23.306 4.492 4.492 0 103.408 98.782 46.445 52.337 31.400 20.937 4.6?6 4.626 0 104.931 99.960 46.868 53.092 32.293 20.799 4.971 4.971 0 109.416 103.676 48,049 55.627 33.920 21.707 5.740 5.740 0 110.537 104.408 48.960 55.448 31.334 24.114 6.129 5.979 150 PRIVATE DOMESTIC NONFINAN. TOTAL DIRECT ISSUES SAVINGS BONDS - HH. DIRECT EXC. SVGS. BONDS SHORT-TERM MARKETABLE OTHER OTHER agency ISSUES 0 96.777 94.305 47.703 46.602 27.492 19.110 2.472 2.472 0 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 68.868 50.229 18.027 5.140 12.867 612 70.404 50.135 19.425 7.040 12.385 844 70.980 48.226 21.387 10.303 11.084 1.367 67.736 47.703 19.209 7.663 11.546 824 73.457 45.907 25.188 11.990 13.198 2.362 73.431 45.642 25.773 10.694 15.079 2.016 72.670 46.445 24.036 10.561 13.475 2.189 72.849 46.868 23.342 10,223 13.119 2,639 76.293 48.049 25.394 12.581 12.813 2.850 79.348 48.960 26.73? 11.840 14.892 3.656 HOUSEHOLDS SAVINGS BONOS DIRECT EXC. SVGS. BONDS SHORT-TERM MARKETABLE 22.821 21.421 15.623 5.798 1 .400 16.868 15.473 12.795 2.678 1.395 16.544 15.009 13.038 1.971 1.535 16.782 15.217 12.952 2.265 1.565 16.736 14.821 11.816 3.005 1.915 15.172 13.523 10.641 2.882 1.649 CORPORATE NONFIN. BUSINESS DIRECT SHORT-TERM MARKETABLE OTHER OIRECT AGENCY ISSUES 41 42 43 44 45 S. 46 47 48 49 50 41 42 43 44 45 21.581 21.281 16.546 4.735 300 17.118 16.718 13.734 P.984 400 16.389 15.489 13.258 2.231 900 16.692 15.992 13.473 2.519 700 46 47 48 49 50 1 1 .493 1 0.849 5.571 5.278 644 12.238 12.416 11.661 6.790 4.871 755 12.349 11.401 b.356 5.045 948 13.596 12.611 7.506 5.105 985 14.290 13.209 7.660 5.549 1.081 14.194 13.292 7.801 5.491 90? 15.300 14.533 9.118 5.415 767 16.387 15.412 9.523 5.889 975 16.017 15.193 8.853 6.340 824 51 52 53 54 55 64.998 62.316 12.787 61.420 2.682 61 .743 59.344 16.407 42.937 2.399 19.636 39.374 2.410 70.174 67.189 19.782 47.407 2.985 61.408 59.544 15.902 43.642 1.864 63.872 61.611 22.880 38.731 2.261 70.160 67.221 33.437 33.784 2.939 71.411 67.059 P7.680 39.379 4.352 68.477 63.794 24.029 39,765 4.683 68.781 63.575 28.198 35.377 5.206 56 57 58 64.274 465 259 60.951 518 274 60.649 487 284 69.36J 510 303 60.801 526 81 63.264 507 101 69.517 536 107 70.786 506 119 67.923 399 155 68.197 442 142 59 60 61 62 63 34.061 38.913 32.340 3.133 29.207 573 32.857 31.767 3.96 0 27.807 1.090 33.777 32.712 4.b7o 28.042 1.065 34.9P7 33.539 4.874 28.665 1.458 34.639 32.850 5.791 27.059 1.789 35.244 33.371 7.351 26.020 1.873 37.138 34.935 8.121 26.814 2.203 37.236 34.797 6.977 27.820 2.439 38,974 36.161 7.800 28.361 2.813 49.529 33.703 2.578 31.125 358 1 1 .654 6.436 5.218 584 59.010 loan participations other AGENCY ISSUES ♦ L. GOVERNMENTS DIRECT SHORT-TERM MaRKETABLES OTHER AGENCY ISSUES COMMERCIAL BANKING TREASURY DIRECT ISSUES SHORT-TERM DIRECT OTHER DIRECT AGENCY ISSUES COMMERCIAL BANKS EGN. BANKING AGENCIES HKS. IN U.S. POSSESSIONS private nonbank finance TREASURY DIRECT ISSUES SHORT-TERM MARKETABLE OTHER DIRECT AGENCY ISSUES (1)WHERE NOT SHOWN separately, loan PARTICIPATIONS ARE INCLUDED WITH AGENCY ISSUES. (2)THESE ISSUES ARE OUTSIDE THE RUDGET AND OUTSIDE THE U.S. GOVERNMENT SECTOR IN FLOW-OF-FUNDS ACCOUNTS. THEY ARE INCLUDED IN CREDIT MARKET DERT OF FINANCIAL INSTITUTIONS. monfy amounts AWE in MILLIONS of dollars. 35 36 37 38 39 40 51 52 53 54 55 56 57 58 59 60 61 62 63 AUGUST♦ 1973 U.S. GOVT. SECURITIES U.S. GOVT. SECURITIES 116 U. S. GOVERNMENT SECURITIES YEAR-ENP OUTSTANOINRS, YEAR-ENO OUTSTANDINGS. 1965-72 1965 1 total outstanding treasury direct issues 2 HOUSEHOLD SAVINGS RONDS 3 4 DIRECT EXC. SAVINGS RONDS short-term marketable 5 OTHER DIRECT 6 7 ft 9 10 11 12 18 19 20 21 federal reserve system 22 23 24 FOREIGN 1970 1971 1972 1973 1974 312.139 279.235 51.512 227.723 119.393 108.330 317.640 277.958 51.126 226.832 128.400 98.432 338.751 290.844 51.407 239.437 133.809 105.628 369.119 316.867 53.832 263.035 130.370 132.665 392.704 330.786 57.127 273.659 143.546 130.113 1 2 3 4 5 6 16.516 240 2.430 533 1.697 13.846 22.929 345 3.680 527 3.153 18.904 26.530 462 7.718 1.724 5.994 18.350 32.904 1.931 9.394 1.149 8.245 21.579 39.682 1 .573 7.464 342 7.122 30.645 47.907 1.891 7.137 0 7.137 38.879 52.252 2.531 6.546 0 6.546 43.175 61.918 4.513 8.048 0 8.048 49.357 7 8 9 10 11 12 274.179 45 1.896 1.603 293 282.932 1.356 2.880 1 .951 929 295.446 1.269 2.855 2.803 52 312.139 1.404 2.747 2.695 52 317.640 104 2.502 2.171 331 338.751 7 4.225 4.050 175 369.119 3 2.700 2.588 112 392.704 8 1.282 1.258 24 13 14 15 16 17 40.768 31.888 8.880 0 44.282 36.481 7.801 0 49.112 39.193 9.919 0 S2.937 32.552 20.385 0 57.154 37.610 19.544 0 62.142 38.488 23.654 0 70.786 39.523 30.695 568 71.125 41.174 28.732 1.219 18 19 20 21 13.227 7.610 5.617 10.812 6.739 4.073 12.903 7.563 5.340 12.432 5.899 6.533 10.619 3.662 6.957 19.731 11.491 8.240 46.033 25.439 20.594 54.435 27.689 26.746 22 23 24 (2) SHORT-TERM DIRECT OTHER DIRECT AGENCY ISSUES 1969 295.446 268.916 51.139 217.777 118.874 98.903 (1) 13 TOTAL HOLDINGS. BY SECTOR 14 U.S. GOVERNMENT (AG. SEC.) SPONSORED CREDIT AGENCIES 15 OIRECT MARKETABLE 16 17 EHLR SPECIAL ISSUE 1968 282.932 260.003 50.249 209.754 110.233 99.521 OTHFR SPONSORED AGENCY ISSUES 1967 274.179 257.663 49.595 208.068 108.799 99.269 OTHER BUDGET AGENCY ISSUES LOAN PARTICIPATION CTFS. CCC CTFS. OF INTEREST 1966 1965-72 short-term marketable OTHER 25 TOTAL PRIVATE DOMESTIC 218.243 223.602 229.307 242.619 247.261 252.646 249.597 265.854 25 26 27 28 29 30 31 32 33 34 PRIVATE DQMFSTTC NONFINAN. 113.424 105.999 *9.595 56.404 34.004 22.400 7.425 6.794 631 121.657 110.089 50.249 59.840 35.047 24.793 11.568 10.046 1.520 120.265 108.370 51.139 57.231 33.864 23.367 11.895 9.724 2.171 128.229 113.045 51.512 61.533 39.814 21.719 15.184 12.624 2.560 145.042 123.181 51.126 72.055 52.179 19.876 21.861 19.797 2.064 136.692 112.614 51.407 61.207 38.903 22.304 24.078 21.721 2.357 123.534 104.116 53.832 50.284 28.916 21.368 19.418 17.230 2.188 127.612 107.206 57.127 50.079 30.398 19.681 20.406 17.093 3.313 26 27 28 29 30 31 32 33 34 81.789 49.595 27.636 14.419 13.217 4.558 89.564 50.249 30.363 15.464 14.899 8.952 90.827 51.139 29.381 14.245 15.136 10.307 R6.287 51.512 34.583 22.703 11.880 10.192 108.490 51.126 44.378 34.621 9.757 12.986 100.795 51.407 33.697 21.053 12.644 15.691 87.849 53.832 21.988 1 0.556 11.432 12.029 92.207 57.127 23.526 11.992 11.534 11.554 35 36 37 38 39 40 12.693 10.694 8.129 2.565 1 .999 1 1 .486 9.10b 6.726 2.380 2.380 8.949 8.014 6.585 1 .429 935 9.272 7,603 5.118 2.485 1 .669 7.011 4.794 2.103 2.691 2.217 7.325 5.017 2.726 2.291 2.308 9.361 6.998 5.080 1.918 2.363 6.975 3.872 2.678 1.194 3.103 41 42 43 44 45 18.942 18.074 1 1 .456 6.618 868 20.607 20.371 12.857 7.514 236 20.489 19.836 13.034 6.8 02 653 22.670 19.347 1 1.993 7.354 3.323 29.541 22.883 15.455 7.428 6,658 28.572 22.403 15.124 7.369 6.079 26.324 2).298 13.280 8.018 5.026 28.430 22.681 15.728 6.953 5.749 46 47 48 49 50 65.991 bO.197 72.258 63.253 26.887 36.366 9,005 75.5)2 65.306 28.517 34.026 5.794 62.853 56.785 21,42« 35.357 6.068 10.206 65.496 55.598 24.157 31.441 9.898 75.923 62.5)6 29.979 32.537 13.407 83.567 65.631 25.004 40.627 17.936 90.030 68.031 30.479 37.552 21.999 51 52 53 54 55 65.341 509 141 62.231 459 163 71.478 576 204 74.672 620 220 64.607 641 248 75.149 497 277 82.866 263 438 88.820 567 643 56 57 58 38.828 35.576 7.523 28.053 3.252 39.092 35.155 8.587 26.568 3.937 36.784 32.423 8.564 23.859 4.361 38.878 32.768 9.916 22.85? 6.110 36.723 28.904 8.621 20.283 7.819 40.031 29.616 10.8Q8 18.718 10.415 42.496 28.169 8.900 19.269 14.327 48.212 29.926 12.548 17.378 18.286 59 60 61 62 63 total direct issues SAVINGS BONDS - HH. DIRECT EXC. SVGS. RONDS short-term marketable OTHFR OTHER AGENCY ISSUES I OAN PARTICIPATIONS 35 36 37 38 39 40 HOUSEHOLD'S 41 42 43 44 45 CORPORATE NONEIN. RUBINESS DIRECT 46 47 48 49 50 S. 51 52 53 54 55 56 57 58 59 60 61 62 63 SAVINGS BONDS DIRECT EXC. SVGS. PONDS short-term marketable OTHER AGENCY ISSUES short-term marketable other direct AGENCY ISSUES ♦ L. GOVERNMENTS DIRECT SHORT-TtPM MARKETABLES OTHER AGErCY ISSUES COMMERCIAL BANKING TREASURY DIRECT ISSUES SHQRT-TEhm DIRECT other direct AGENCY ISSUES COMMFRCIAL BANKS FGN. BANKING AGENCIES BKS. IN U.S. POSSESSIONS private NONBANK FINANCE TkEASI'RY DIRECT ISSUED SHORT-TERM MARKETABLE OTHER OIRECT AGENCY ISSUtS 26.171 36.789 (1) WHERE NOT SHOuJN SEPARATELY. LOAN PARTICIPATIONS ARE INCLUDED WITH AGENCY ISSUES. (2) THESE ISSUES ARE OUTSIDE THE BUDGET AND OUTSIDE THE U.S. GOVERNMENT SECTOR IN FLOW-OE-EUNOS ACCOUNTS. THEY ARE INCLUDED IN CREDIT MARKET DEBT OE FINANCIAL INSTITUTIONS. MONEY AMOUNTS ARF IN MILLIONS OF DOLLARS AUGUST* 1973 U.S. GOVT. SFCUHITIFS(CONTINUER) U.S. GOVT. SECURITIES(CONTINUED) u. YEAP-Fnu OUTSTAN' ‘’INGS* 116-A government SECURITIES—CONTINUED YEAR-END OUTSTANDINGS. 1945-54 ] 946 ) 445 s. 1946 1947 1 949 1950 1951 1952 1953 1954 1945-54 nonbank finance HOLDINGS * BY SECTOR 2.009 2.000 NA NA 1 2 3 4 5 2.420 2.420 0 0 6 7 8 9 10 10.703 10.693 11.786 11.771 NA NA 14 11 12 13 50 HA ■MA MU 10 1.740 1.740 0 1 .455 1.465 NA NA 0 1.462 1 .462 NA MA 0 1.487 1.487 NA NA 0 1.603 1.603 353 1.280 0 1.804 1.787 351 1 .436 17 1.946 1.920 274 1.646 26 2.048 2.021 143 1.878 27 SAVINGS ♦ LOAN ASSNS. DIRECT SHORT-TERM MARKETABLE OTHER DIRECT AGENCY ISSUES 1 2 3 4 5 11.918 11.963 11.550 11.467 11.461 11.418 9.858 9.885 204 9.631 23 9.507 9.467 299 9.168 40 9.320 9.231 502 8.729 89 8.849 8.788 159 8.629 61 MUTUAL SAVINGS BANKS DIRECT SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 6 7 8 9 10 CREDIT UNIONS DIRECT AGENCY ISSUES 11 12 13 NA MA NA NA MA 15 NA 83 43 10.885 10.862 NA NA 23 50 60 65 65 0 0 75 76 0 82 82 0 90 90 0 100 100 0 106 106 0 112 112 0 120 120 0 21.637 21.635 NA NA 2 20.042 20.040 16.815 16.812 NA NA 3 15.299 15.298 NA NA 13.489 13.486 I 3 11.038 11.034 660 10.374 4 10.270 10.252 542 9.710 18 9.876 9.868 483 9.385 8 9.121 9.116 556 8.560 5 LIFE INSURANCE DIRECT SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 14 15 16 17 18 3.294 3.294 NA NA 0 3.885 3.885 NA 4.413 4.413 NA MA 0 4.826 4.826 NA NA 0 5.253 5.253 NA NA 0 5.467 5.417 696 4.721 50 5.844 5.774 1.039 4.735 70 6.092 6.025 1.393 4.632 67 6,180 6.137 668 5.469 43 NONLIFE INSURANCE DIRECT SHORT-TERM MARKETABLE OTHER agency ISSUES 19 20 21 22 23 1.150 1 .ISO NA NA 0 1 .400 1 .400 NA NA 1.650 1.650 NA NA 0 1 .900 1.900 0 2.000 2.000 NA NA 0 2.100 2.100 284 1.816 0 2.250 2.250 248 2.002 0 2.536 2.516 301 2.215 20 2,628 2.619 278 2.341 9 PRIVATE PENSION FUNDS DIRECT SHORT-TERM MARKETABLE OTHER agency ISSUES 24 25 26 27 28 1.671 1 .671 NA NA 1.860 1 .860 MA NA 2.257 2.257 NA NA 0 2.498 2.49R NA NA 0 2.918 2.9)8 25 2.893 0 3.394 3.374 232 3.142 20 3.885 3.860 222 3.638 25 4.421 4.383 310 4.073 38 S. ♦ L. GOVT., RTR. FUNDS DIRECT SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 29 30 31 32 33 104 703 129 586 129 313 130 709 129 640 154 666 INVESTMENT COS. (DIRECT) SEC. BRKRS. ♦ DLRS. ( " ) 34 35 50 0 14 15 16 17 18 20.589 19 20 21 22 23 2.700 2.70 0 24 25 26 27 28 900 900 29 30 31 32 33 1.519 1.519 0 0 0 2.073 2.073 NA NA 0 34 35 36 1.66) 31 917 43 262 65 820 20.669 MA NA 0 NA NA 0 \'A nA f) NA NA YEAR-ENP OUTSTANHINOS * ] 966 na na 2 Na 0 0 na na na NA na NA 1955 -64 1956 YEAR-END OUTSTANDINGS, 1956 1957 1959 1960 1961 1962 1963 1964 1955-64 NONBANK FINANCE HOLDINGS * HY SECTOR 1 2 3 4 5 2.454 2.361 226 2.155 13 2.948 2.782 317 2.465 ] 66 3.572 3.173 361 2.812 399 4.1 H 1 3.819 618 3.201 362 4.935 4.477 827 3.650 458 5.171 4.59? 767 3.825 579 5.691 5.209 1.026 4.183 482 6.048 5.546 972 4.574 502 7.047 6.447 926 5.521 600 7.630 6.970 1.404 5.566 660 SAVINGS ♦ LOAN ASSNS. DIRECT SHORT-TERM MARKETABLE OTHER DIRECT AGENCY ISSUES 1 2 3 4 5 6 7 8 9 10 8.4 10 «.5O7 273 6.234 123 8.209 6.024 381 7.643 185 7.930 7.599 505 7.094 331 7.552 7.241 505 6.736 311 7.319 6.914 534 6.380 405 6.719 6.253 625 5.628 466 6.648 6.134 868 5.266 514 6.681 6,063 827 5.236 618 6.478 5,783 867 4.916 695 6.496 5.708 842 4.866 788 MUTUAL SAVINGS BANKS DIRECT SHORT-TERM MARKETABLE OTHER agency ISSUES 6 7 8 9 10 11 12 13 135 135 150 150 0 166 165 0 l«0 180 0 190 190 0 200 200 0 220 220 0 240 240 0 285 280 5 310 295 15 CREDIT UNIONS OIRECT AGENCY ISSUES 11 12 13 7.114 7.061 266 6.805 53 7.261 7.215 545 6.670 46 6.971 6.906 356 6.550 65 6.505 6.413 286 6.127 92 6.138 6.035 223 5.812 103 6.203 6.098 344 5.754 105 5.851 5.712 240 5.472 139 5.551 5.42? 257 5.165 129 LIFE INSURANCE DIRECT SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 14 15 16 17 18 14 15 16 17 18 0 8.620 8.610 417 10 7.622 7.581 294 7.287 41 19 20 21 22 23 6.0 72 6.000 669 6.431 72 5.719 6.657 770 4.887 62 5.572 5.480 1.088 4.392 92 5.548 5.439 931 4.508 109 5.813 5.626 974 4.652 187 5.620 5.446 1.180 4.266 174 5.568 5.358 1.595 3.763 210 5.694 5.439 1.466 3.973 255 5.876 5.597 1.571 4.026 279 5.988 5.629 1.330 4.299 359 NONLIFE INSURANCE DIRECT SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 19 20 21 22 23 24 25 26 27 28 2.907 2.685 208 2.677 22 2.735 2.683 377 2.306 52 2.546 2.428 551 1.877 118 2.587 2.467 573 1.894 120 2.829 2.632 674 1.958 197 2.708 2.426 755 1.671 282 2.838 2.545 1.047 1.498 293 3.072 2.744 1.153 1.591 328 3.423 3.049 1.243 1.806 374 3.550 3.069 1,198 1.871 481 PRIVATE PENSION FUNDS DIRECT SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 24 25 26 27 28 29 30 31 32 33 4.724 4.666 231 4.435 58 5.011 4.944 325 4.619 67 5.232 5.135 308 4.827 97 5.463 5.346 313 5.033 117 5.956 5.810 335 5.475 146 6.076 5,880 338 5.542 196 6.148 5.877 379 5.498 271 6.487 6.092 406 5,686 395 6.830 6.483 404 6,079 347 7.308 6.927 333 6.594 381 S. ♦ L. GOVT., RTR. FUNDS DIRECT SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 29 30 31 32 33 34 35 266 264 27b 243 277 449 401 604 556 428 619 1.021 688 1.305 737 1.976 728 718 767 1.374 INVESTMENT COS. (DIRECT) SEC. BRKRS. ♦ DLRS. ( »• ) 34 8.193 HONEY AMOUNTS ARE IN MILLIONS OF DOLLARS 35 AUGUST* 1973 U.S. GOVT. SECURITIES(CONTINUED) U.S. GOVT. SECURITIES(CONTINUED) 116-B U. S. GOVERNMENT SECURITIES—CONTINUEO YEAR-ENO OUTSTANDINGS. YEAR-END OUTSTANDINGS, 1965-•72 1965-72 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 nonrank finance holdings* by sector 1 2 3 4 5 SAVINGS + LOAN ASSNS. direct short-term marketable other direct AGENCY ISSUES 8.164 7.408 1.435 5.973 756 8.551 7.707 1 .824 5.883 844 10.133 9.130 2.892 6.238 1.003 10.660 9,49? 2.767 6.725 1 .368 11.139 8.500 2.258 6.242 2.639 12.293 8,120 2.141 5.979 4.173 17.498 9.474 2.560 6.914 8.024 21.778 10.400 4.148 6.252 11.378 5.718 4.678 747 3.931 1.040 5.372 4.162 858 3.304 1.210 5.181 3.552 829 2.723 1.629 4.671 2.947 713 2.234 1.724 4.865 2.752 694 2.058 2.113 5.223 2.747 539 2.208 2.476 5.523 2.614 814 1.800 2.909 1 2 3 4 5 6 7 8 9 10 mutual savings banks direct short-term marketable OTHER AGENCY ISSUES 6.225 5.406 919 4.487 819 11 12 13 CREOIT UNIONS OIRECT AGENCY ISSUES 337 303 34 466 327 139 548 331 217 511 297 214 330 174 156 768 516 252 1.569 847 722 2.197 1.227 970 14 15 16 17 18 lief insurance 5.122 4.960 215 4.745 162 4.740 4.534 252 4.282 206 4.458 4,274 272 4.002 184 4.38? 4.027 364 3.663 355 4.074 3.684 289 3.395 390 4.161 3.629 299 3.330 532 4.006 3.396 241 3.155 610 3.770 3.143 219 2.924 627 14 15 16 17 19 20 21 22 23 nonlife insurance 5.994 5.464 1.251 4.213 530 5.595 4.991 906 4.085 604 4.907 4,286 907 3.379 621 4.666 3.933 1.014 2.919 733 4.180 3.448 955 2.493 732 4.261 3.398 1.038 2.360 863 3.865 3.183 784 2.399 682 3.497 2.901 1.043 1.858 596 19 20 24 25 26 27 28 PRIVATE PENSION FUNDS DIRECT 3.555 3.096 1.144 1.952 459 3.064 2.612 957 1.655 452 2.512 2.171 943 1.228 341 2.945 2.544 1.279 1.265 401 2.792 2.180 1.105 1.075 612 3.028 2.121 1.163 958 907 2.732 2.147 997 1.150 585 3.690 3.015 1.562 1.453 675 24 25 26 27 29 30 31 32 33 S. 7.779 7.127 395 6.732 652 6.950 6.165 457 5.708 785 7.424 6.014 457 5.557 1.410 7.133 5.567 723 4.844 1 .566 6.407 4.832 799 4.033 1.575 5,245 4.017 574 3.443 1.228 5.056 3.925 834 3.091 1.131 29 30 SHORT-TERM MARKETABLE OTHER AGENCY TSSUES 7.538 7.046 363 6.683 49? 34 35 INVESTMENT COS. (DIRECT) SEC. PRKRS. ♦ DLRS, ( " ) 811 1.082 1.437 1.742 921 983 1.143 1.766 675 1.729 850 3.398 559 1.799 689 2.012 DIRECT short-term marketable other AGENCY ISSUES DIRECT SHORT-TERM MARKETABLE OTHER AGENCY ISSUES short-term marketable OTHFR AGENCY ISSUES ♦ L. GOVT.* RTR. FUNDS oirfct MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. 6 7 8 9 10 11 12 13 16 21 22 23 28 31 32 33 34 35 AUGUST* 1973 PRIVATE SECURITIES ANU MORTGAGES PRIVATE SECURITIES ANO MORTGAGES 117 PRIVATE SECURITIES ANO MORTGAGES YEAR-ENO OUTSTANUTNGS. 1945 YEaR-ENO 1945-54 1946 1947 1948 1949 1950 1951 1952 1953 1954 OUTSTANDINGS. 1945>-54 STATE ANO LOCAL GOVERNMENT SECURITIES TOTAL LIABILITY OF STATE ♦ LOCAL GOVERNMENTS SHORT-TERM 1 1 2 3 14.818 312 14.506 14.886 313 14.573 16.298 512 15.786 18.467 677 17.790 21.049 881 20.168 24.381 1.274 23.107 26.559 1.586 24.973 30.243 1.779 28.464 34.512 1.948 32.564 40.594 2.058 38.536 4 5 6 7 14.818 6.270 339 1.759 14.886 6.304 313 1.454 16.298 6.746 350 1.415 18.467 7. 752 452 1.435 21.049 8.443 485 1.748 24.381 8.991 652 2.032 26.559 9.329 844 2.061 30.243 11.370 813 2.111 34.512 13.193 1.005 2.293 40.594 15.708 972 2.467 TOTAL ASSETS HOUSEHOLDS CORPORATE BUSINESS S. ♦ L. GOVT.* GEN. FUNDS 4 5 6 7 8 9 10 11 12 13 4.197 93 722 249 849 340 4.626 614 237 935 340 5.518 65 609 315 1.037 243 5.908 71 872 544 1.166 267 6.806 86 1.052 828 1.349 252 8.403 88 1.152 1.144 1.549 370 9.499 140 1.142 1.448 1.712 384 10.508 335 1.126 1.869 1.883 228 11.165 428 1.276 2.617 2.103 430 12.928 608 1.833 3.402 2.376 300 COMMERCIAL hanking MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES OTHER INSURANCE COMPANIES S. ♦ L. GOVT.* RTR. FUNDS BROKERS ANO DEALERS 8 9 10 14 15 505 15.323 484 15.370 503 16.801 573 19.040 488 21.537 555 24.936 816 27.375 1.138 31.381 774 35.286 439 41.033 63 LONG-TfRM LOANS FROM U.S, GOVERNMENT NOT INCLUDED ABOVE TOTAL CRtDIT MARKET 1 2 3 11 12 13 14 15 CORPORATE AND FOREIGN BONOS 1 2 3 4 5 6 26.635 23.527 0 195 0 2.913 27.664 24.417 0 356 0 2.891 30.700 27.207 0 548 0 2.945 35.268 31.407 0 973 0 2.888 38.723 34.210 0 1.355 0 3.158 39.161 35.734 0 1.735 0 1.692 44.307 38.929 0 2.023 0 3.355 49.110 43.614 0 2.280 0 3.216 53.753 46.970 0 3.681 0 3.102 57.709 50.449 0 4.002 0 3.258 TOTAL LIABILITIES CORPORATE BUSINESS COMMERCIAL BANKS FINANCE COMPANIES REITS REST OF TbE WORLD 1 2 3 4 5 6 7 8 9 10 26.635 9.738 2.226 930 27.664 8.816 2.239 1.116 30.700 8.170 2.194 1.470 35.268 7.878 1.915 1.872 38.723 7.717 2.086 2.082 39.161 5.099 2.240 2.064 44.307 6.442 2.213 2.240 49.110 6.262 2.083 2.549 53.753 6.119 2.103 2.791 57.709 6.093 1.927 2.916 TOTAL ASSETS HOUSEHOLDS COMMERCIAL BANKING MUTUAL SAVINGS BANKS 7 8 9 11 12 13 14 15 16 17 18 12.592 11.300 663 140 489 520 126 503 14.694 13.105 928 160 501 417 153 229 18.102 16.125 1.223 190 564 426 145 193 22.882 20.358 1 • 544 267 713 428 155 138 25.875 22.931 1.863 402 679 613 173 177 28.683 24.752 2.828 585 718 474 220 181 32.473 27.467 3.483 701 822 489 261 189 37.095 30.570 4.548 1.010 967 552 342 227 41.590 33.325 5.647 1.526 1.092 541 340 269 45.450 35.282 6.907 2.115 1.146 672 439 212 INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS S. ♦ L. GOVT.* HTR. FUNDSi OTHER INSURANCE COMPANIESi BROKERS AND DEALERS INVESTMENT COMPANIES REST UF THE WORLD 10 11 12 13 14 15 16 17 18 CORPORATE EQUITIES 1 2 3 119.000 1.264 117.736 111.000 1.297 109.703 109.000 1.412 107.588 108.000 1.515 106.485 120.000 3.070 116.930 146.000 3.344 142.656 170.000 3.481 166.519 186.000 3.931 182.069 179.005 4.146 174.859 258,001 6.109 251.892 TOTAL AT MARKET VALUE OPEN-END INV. CO. SHARES OTHER 1 2 4 5 6 7 119,000 111.671 166 3 111.000 103.490 180 3 109.000 101.351 146 4 108.000 100.238 157 4 120.000 109.547 157 5 146.000 133.764 181 6 170.000 156.366 227 8 186.000 170.420 336 13 179.005 162.403 431 16 258.001 234.996 571 30 market value of holdings 4 5 6 7 8 9 10 11 12 13 14 15 16 2.978 999 212 7 1.760 1.482 1.033 449 2.700 3.248 1.249 272 8 1.719 1.389 1.044 345 2.690 3.511 1.390 367 10 1.744 1.508 1.153 355 2.480 3.712 1.428 462 13 1.809 1.584 1.226 358 2.305 4.548 1.718 586 20 2.224 3.253 2.710 543 2.490 5.824 2.103 1.105 29 2.587 3.300 2.897 403 2.925 6.531 2.221 1.358 41 2.911 3.418 2.948 470 3.450 7.590 2.446 1.843 56 3,245 3.936 3.326 610 3.705 8.384 2.573 2.392 75 3.344 4.121 3.521 600 3.650 11.060 3.268 3.154 99 4.539 6,090 5.361 729 5.254 17 110.407 102.193 99.939 98.723 106,477 130.420 152.885 166.489 158.257 228.887 HOUSEHOLDS MUTUAL SAVINGS BANKS COMMERCIAL BANKING INSURANCE life insurance companies private pension funds 3 8 9 10 S. ♦ L. GOVT,* RTR. FUNDS 11 OTHER INSURANCE COMPANIES 12 13 OPEN-ENO INVESTMENT COS. 14 15 BROKERS AND OEALERS REST OF THE WORLO 16 finance n.e.c. MEMO: HH HOLDINGS EXCLUDING INVESTMENT COMPANY SHARES 17 TOTAL MORTGAGtS 1 35.536 41.759 48.917 56.198 62.678 72.817 82.280 91.398 101.298 113.671 2 3 4 9 0 0 109 0 0 189 0 0 231 0 0 275 0 0 321 0 0 368 0 0 500 0 0 550 0 0 789 0 0 5 6 7 8 9 10 11 35.527 18.000 500 17.027 4.760 3.727 8.540 41.650 21.775 680 19.195 4.897 4.297 10.001 *8.728 26.076 934 21.718 5.064 5.054 11.600 55.967 31.106 1.334 23.527 5.288 5.566 12.673 62.403 35.172 1.818 25.413 5.579 6.286 13.548 72.496 42.564 2.353 27.579 6.071 7.089 14.419 81.912 49.688 2.909 29.315 6.651 7.491 15.173 90.898 56.130 3.404 31.364 7.236 8.062 16.066 100.748 63.782 3.916 33.050 7.737 8.397 16.916 112.882 72.410 4.569 35.903 8.246 9.135 18.522 12 13 14 15 16 17 18 19 20 21 22 35.536 11.954 0 1.384 1.035 21.163 4.775 9.614 5.376 4.208 30 41.759 13.461 25 1.038 959 26.276 7.237 11.617 7.141 4.441 35 48.917 14.776 75 945 887 32.234 9.447 13.752 8.856 4.856 40 56.198 15.936 125 991 872 38.274 10.897 16.158 10.305 5.807 46 62.678 16,683 175 1.462 905 43.453 11.645 18.387 11.616 6.705 66 72.817 17.363 240 1.777 952 52.485 13.663 21.985 13.657 8.262 66 82.280 18.257 320 2.391 1.010 60.302 14.732 25.557 15.564 9.916 77 91.398 19.010 400 2.880 1.091 68.017 15.867 29.888 18.396 11.380 112 101.298 20.017 480 3,265 1.180 76,356 16.850 35.041 21.962 12.943 136 113.671 21.208 560 3.334 1.281 87.288 18.574 41.263 26.108 15,007 148 23 24 25 26 27 28 29 6.710 6.636 0 18 56 64 0 7.259 7.155 22 21 61 163 0 8.811 8.675 42 25 69 224 0 11.006 10.833 62 35 76 213 0 13.133 12.906 82 52 93 288 0 16.383 16.102 102 75 104 454 0 19.657 19.314 120 105 118 356 0 21.664 21.251 149 141 123 598 0 23.841 23.322 192 188 139 624 0 26.606 25.976 238 249 143 845 0 30 205 301 432 509 427 810 911 MONEY AMOUNTS ARE IN (2) MILLIONS OF DOLLARS, TOTAL mortgage CREDIT liabilities of- 1 SAVINGS ♦ LOAN ASSOCIATIONS U.S, guvernment REITS 2 3 4 PRIVATE NONFIN. SECTORS 5 6 households NONPROFIT INST, BUSINESS FARMS NOnFARM NONCORPORATE CORPORATE ASSETS OFHOUSEHOLOS S. ♦ L* GOVT.. GEN. FUNOS U.S. GOVERNMENT SPONSORED CREDIT AG. (D(2) PRIVATE FINANCIAL INST. COMMERCIAL BANKING SAVINGS INSTITUTIONS S*L ASSOCIATIONS (1» MUTUAL SAVINGS BANKS CREDIT UNIONS INSURANCE LIFE COMPANIES PRIVATE PENSION FUNDS S. ♦ L* GOVT., RTR. FUND OTHER INSURANCE FINANCE COMPANIES REITS 864 (1) MEMO: FHLB LOANS TO S*L 867 952 ASSNS. (INCLUDED IN "OTHER LOANS" CATEGORY) INCLUDES MORTGAGE POOLS BACKING GNMA-^UARANTEED SECURITIES. 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 AUGUST* 1973 PRIVATE SECURITIES ANO MORTGAGES private securities ano mortgages 118 private securities ANO mortgages YEAR-ENO OUTSTANDINGS* YEAR-ENO OUTSTANU INGS, 1955-64 1955 1956 1957 1958 1959 1961 I960 1955-64 1962 1963 1964 STATE ANU LOCAL GOVERNMENT SECURITIES TOTAL liability OF STATE ♦ LOCAL GOVERNMENTS 1 2 3 45.870 2.086 43.784 49.461 2.180 47.281 53.708 2.355 51.353 59.206 2.770 5b.436 65.486 3.173 62.313 70.766 3.457 67.309 75.851 3.693 72.158 81.209 3.662 77.527 86.932 4.128 82.804 92.933 4.889 88.044 1 2 3 CORPORATE BUSINESS S. ♦ L. GOVT., gen. funds 45.870 19.187 1.219 2.479 49.461 21.538 1.342 2.480 53.708 23.189 1.479 2.590 59.206 23.993 1.958 2.737 65.486 27.251 2.709 2.714 70.766 30.764 2.402 2.747 75.851 31.994 2.395 2.763 81.209 30.985 2.697 2.573 86.932 31.970 3.787 2.334 92.933 34.616 3.680 2.223 4 5 6 7 COMMERCIAL BANKING MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES OTHER INSURANCE COMPANIES S. ♦ L. GOVT., RTR. FUNDS BROKERS AND DEALERS 13.124 646 1.998 4.194 2.723 300 13.067 675 2.234 4.915 3.110 100 14.081 685 2.377 5.568 3.539 200 16.671 729 2.691 6.249 3.963 215 17.078 721 3.221 7.239 4.251 302 17.685 672 3.606 8.084 4.406 400 20.467 677 3.902 9.057 4.263 333 26.158 527 4.037 9.905 3.804 523 30.103 440 3.868 10.612 3.304 514 33.675 391 3.785 10.970 2.900 693 8 9 10 11 12 13 451 46.321 519 49.980 670 54.378 850 60.056 1.035 66.521 1.240 72.006 1.466 77.317 1.970 83.179 2.203 89.135 2.464 95.397 14 15 short-term LONG-TERM 4 5 6 7 TOTAL ASSETS households 8 9 10 11 12 13 LOANS FROM U.S. GOVERNMENT 14 NOT INCLUDED ABOVE 15 TOTAL CREDIT MARKET DEBT CORPORATE ANO FOREIGN BONOS 1 2 3 4 5 6 7 8 9 10 TOTAL LIABILITIES CORPORATE HUSINESS COMMERCIAL HANKS FINANCE COMPANIES REITS REST OF THF WORLD 61.681 53.286 0 5.353 0 3.042 66.509 56.901 0 6.348 0 3.260 73.990 63.217 0 7.058 0 3.715 80.652 68.901 0 7.225 0 4.526 85.053 71.856 0 8.343 0 4.854 90.816 75.312 0 9.880 0 5.624 96.517 79.952 0 10.410 0 6.155 102.380 84.501 0 10.725 0 7.154 108.957 88.414 233 12.156 0 8.154 116.636 92.408 7f3 14.259 0 9.196 1 2 3 4 5 6 TOTAL ASSETS HOUSEHOLDS COMMERCIAL BANKING MUTUAL SAVINGS BANKS 61.681 7.074 1.701 2.586 66.509 7.937 1.288 2.659 73.990 9.003 1.408 3.246 80.652 10.225 1.358 3.798 85.053 10.225 1.264 3.627 90.816 11.029 1.061 3.781 96.517 11.275 878 3.632 102.380 11.157 846 3.516 108.957 11.166 838 3.221 116.636 11.817 901 3.052 7 8 9 10 48.762 37.034 7.853 2.692 1.183 826 473 259 53.023 39.173 9.475 3.165 1.210 626 667 309 58.426 41.752 11.337 3,947 1.390 710 780 417 63.453 44.276 12.842 4.801 1.534 428 935 455 67.804 46.486 14.085 5.638 1.595 508 1.091 534 72.572 48.236 15.699 6.955 1.682 478 1.247 648 78.093 50.724 16.882 8.775 1.712 414 1.587 638 84.036 53.197 18.101 10.618 2.0b0 551 1.617 6S7 90.416 56.027 19.560 12.810 2.019 826 1.788 702 96.923 58.311 21.206 15.047 2.359 872 2.149 922 11 12 13 14 15 16 17 18 insurance 11 12 13 14 15 16 17 18 LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS S. ♦ L. GOVT., RTR. FUNDS OTHER INSURANCE COMPANIES BROKERS ANU DEALERS INVESTMENT COMPANIES REST OF THE WORLD CORPORATE EQUITIES 1 2 3 TOTAL AT MARKET VALUE OPEN-END INV. CO. SHARES OTHER 317.012 7.838 309.174 337.994 9.046 328.948 299.003 8.714 290.289 417.977 13.241 404.736 453.988 15.818 438.170 450.998 17.026 433.972 573.996 22.875 551.121 505.685 21.271 484.414 597,021 25.214 571.807 662.116 29.116 633.000 1 2 3 4 5 6 7 MARKET VALUE nF HOLDINGS HOUSEHOLD^ MUTUAL SAVINGS BANKS COMMERCIAL BANKING 317.012 286.685 655 32 337.994 305.390 705 37 299.003 267.662 767 50 417.977 373.932 862 57 453.988 402.679 813 65 450.998 396.027 829 84 573.996 501.748 894 91 505.685 437.841 1.043 94 597.021 514.532 1.158 97 662.116 566.030 1.259 115 4 5 6 7 15.253 3.633 6.085 127 5.408 7.812 6.927 885 6.575 16.328 3.503 7.065 161 5.599 8.573 7.887 686 6.961 16.251 3.391 7.489 212 5.159 6.182 7.411 771 6.091 22.661 4.109 11.561 270 6.721 12.160 11.672 488 8.305 26.635 4.561 14.525 345 7.204 14.433 13.867 566 9.363 29.413 4.981 16.545 431 7,456 15.343 14.806 537 9.302 39.006 6.258 22.856 583 9.309 20.449 20.252 197 11.808 37.597 6,302 21.895 780 18.774 18.339 435 10.336 45.753 7.135 27.670 989 9.959 22.996 22.085 911 12.485 54.078 7.938 33.527 1,262 11.351 26.799 25.638 1.161 13.835 8 9 10 11 12 13 14 15 16 278.847 296.344 258.948 360.691 386.861 379.001 478.873 416.570 489.318 536.914 17 INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS S. ♦ L. GOVT ., RTR. FUNDS OTHER INSURANCE COMPANIES FINANCE N.E.C. OPEN-END INVESTMENT COS. BROKERS AND DEALERS REST OF THE WORLD 8 9 10 11 12 13 14 15 16 MEMO! HH HOLDINGS EXCLUDING INVESTMENT COMPANY SHARES 17 8.620 TOTAL MORTGAGES 1 TOTAL MORTGAGE CREDIT LIABILITIES OFSAVINGS ♦ LOAN ASSOCIATIONS u.s. government REITS 129.891 144.452 156.519 171.767 190.818 206.845 226.228 248.620 274.268 300.126 1 912 0 0 887 0 0 856 96 0 1.161 532 0 1.293 847 0 1.186 1.252 0 1.550 1.474 0 1.999 1.734 0 2.528 1.796 0 2.239 1.826 0 2 3 4 PRIVATE NONFIN, SECTORS HOUSEHOLDS NONPROFIT INST. BUSINESS FARMS 128.979 84.607 5.198 39.174 9.021 9.819 20.334 143.565 95.806 5.901 41.858 9.835 10.070 21.953 155.567 104.563 6.685 44.319 10.397 10.360 23.562 170.074 113.406 7.503 49.165 11.109 11.578 26.478 188.678 125.966 8.317 54.395 12.101 12.797 29.497 204.407 136.745 9.184 58.478 12.838 13.616 32.024 223.204 147.660 10.084 65.460 13.917 15.567 35.976 244.887 160.369 11.035 73.483 15.193 17.786 40.504 269.944 175.119 12.012 82.813 16.822 20.618 45,373 296.061 191.106 13.053 91.902 18.942 23.997 48.963 5 6 7 8 9 10 11 129.891 22.364 688 3.604 1.583 101.652 21.004 49.040 31.409 17.457 174 144.452 23.891 865 3.620 2.390 113.686 22.719 55.705 35.729 19.746 230 156.519 25.7d6 1.042 3.897 3.553 122.241 23.337 61.441 40.007 21.169 265 171.767 28.100 1.088 4.305 3.468 134.806 25.523 69.183 45.627 23.263 293 190.818 29,886 1.358 5.570 4.410 149.594 28.145 78.478 53.141 24.992 345 206.845 31.844 1.303 5,761 5.467 162.470 28.806 87.382 60.070 26.935 377 226.228 33.503 2.002 6.136 5.700 170.887 30.441 98.386 68.834 29.145 407 248,620 34.472 2.110 6.268 5.898 199.872 34.476 111.545 78.770 32.320 455 274.268 34.791 2.172 5.823 5.371 226.111 39.414 127.670 90.944 36.224 502 300.126 35.108 2.165 5.718 5.715 251.420 43.976 142.436 101.333 40.556 547 12 13 14 15 16 17 18 19 30.236 29.445 321 318 152 1.372 0 33.994 32.989 449 395 161 1.268 0 36.520 35.236 583 540 161 943 0 38.700 37.062 742 736 160 1.400 0 41.324 39.197 989 992 146 1.647 0 44.671 41.771 1.301 1.450 149 1.611 0 47.814 44.203 1.560 1.896 155 2.246 0 51.154 46.902 1.876 2.242 134 2.697 0 55.497 50.544 2.220 2.612 121 3.530 0 61.088 55.152 2.746 3.070 120 3.920 0 23 24 25 26 27 28 29 1.265 1.228 (1) MEMO: FHLB LOANS TO S*L 1.417 ASSNS. (INCLUDED IN "OTHER LOANS" CATEGORY) INCLUDES MORTGAGE POOLS BACKING GNMA-GUARANTEED SECURITIES. 1.298 2.134 1.981 2.662 3.479 4.784 5.325 30 2 3 4 5 6 7 8 9 10 11 nonfarm noncorporate corporaif 12 assets ofHOUSEHOLDS 13 14 S. ♦ L. GOVT.. GEN. FUNDS U.S. GOVERNMENT 15 16 SPONSORED CHFDIT AG. (1)(2) 17 PRIVATE FINANCIAL INST. 18 COMMERCIAL BANKING SAVINGS INSTITUTIONS 19 20 S*L ASSOCIATIONS (1) 21 MUTUAL SAVINGS BANKS CREDIT UNIONS 22 INSURANCE LIFE COMPANIES PRIVATE PENSION FUNDS S. ♦ L. GOVT., RTR. FUND OTHER INSURANCE FINANCE COMPANIES REITS 23 24 25 26 27 28 29 30 (2) MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS, 20 21 22 AUGUST* 1973 PRIVATE securities and mortgages PRIVATE SECURITIES AND MORTGAGES 119 PRIVATE SECURITIES AND MORTGAGES YEAR-END OUTSTANDINGS* 1965 YEAR-END OUTSTANDINGS. 1965-72 1966 1967 1968 1969 1970 1971 1972 1973 i-72 1965- 1974 STATE AND LOCAL GOVERNMENT SECURITIES 1 2 3 100.278 5.507 94.771 105.925 6.168 99.757 113.703 8.000 105.703 123.219 8.143 115.076 133.146 10.909 122.237 144.473 13.252 131.221 161.099 15.686 145.413 173.029 14.690 158.339 4 5 6 7 100.278 36.365 4,600 2.167 105.925 39.964 3.639 2.125 113.703 37.714 3.300 2.125 123.219 36.953 3.782 2.171 133.146 46.134 2.800 2.236 144.473 45.590 2.175 2.268 161.099 44.716 3.175 2.062 173.029 46.012 4.175 1.907 8 9 10 11 12 13 38.892 320 3.507 11.349 2.625 453 41.221 251 3.131 12.648 2.481 465 50.342 219 2.993 14.098 2.406 506 58.893 194 3.206 15.090 2.382 548 59.536 193 3.221 16.334 2.331 361 70.204 197 3.306 17.786 2.032 915 82.811 390 3,363 21.696 1.858 1.028 89.129 873 3.341 25.000 1.680 912 14 15 2.777 103.055 3.404 109.329 3.579 117.282 3.993 127.212 4.739 137.885 4.816 149.289 5.181 166.280 5.526 178.555 TOTAL LIABILITY OF STATE ♦ LOCAL GOVERNMENTS short-term LONG-TERM TOTAL ASSETS HOUSEHOLDS CORPORATE BUSINESS S. ♦ L. GOVT.* GEN. FUNDS commercial banking mutual savings banks LIFE INSURANCE COMPANIES OTHER INSURANCE COMPANIES S. ♦ L. GOVT.* RTR. FUNDS BROKERS AND DEALERS LOANS FROM U.S. GOVERNMENT NOT INCLUDED ABOVE TOTAL CREDIT MARKET DEBT 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 CORPURATt AND FORtIGN BONDS 1 2 3 4 5 6 125.704 97.800 1.590 16.149 0 10.165 137.170 108.024 1.694 16.909 0 10.543 153.366 122.682 1.963 17.942 0 10.779 168.251 135.575 2.221 18.753 0 11.702 182.022 147.550 2.339 20.320 95 11.718 206.289 167.306 2.359 22.864 600 13.160 231.461 186.113 3.076 26.652 1.016 14.604 252.070 198.300 4.127 32.093 1.390 16.160 total liabilities 7 8 9 10 125.704 13.397 807 2.925 137.170 15.186 876 3.212 153.366 18.983 1.680 5.287 168.251 23.795 1.984 6.614 182.022 31.143 1.929 6.946 206.289 41.194 2.731 8.255 231.461 49.530 4.006 12.571 252.070 54.800 5.717 15.397 TOTAL ASSETS HOUSEHOLDS COMMERCIAL BANKING MUTUA| SAVINGS BANKS 11 12 13 14 15 16 17 18 104.157 61.098 22.703 17.352 3.004 1.180 2.554 684 112.428 63.450 25.231 20.172 3.575 1.294 2.915 1.257 121.863 67.294 26.355 23.921 4.293 1.66b 2.959 928 130.115 71.162 27.000 26.489 5.464 1.481 3.408 854 136.170 72.673 27.613 29.611 6.273 1.837 3.586 411 146.210 74.144 29.666 33.822 8.578 1.946 4.286 1.667 156.098 79.610 29.013 38.612 8.863 2.067 4.910 2.279 166.445 86.804 27.425 43.416 8.800 2.209 5.068 2.434 1228.331 59.831 1168.500 CORPORATE BUSINESS COMMERCIAL BANKS FINANCE COMPANIES REITS REST OF THE WORLD INSURANCE LIFt INSURANCE COMPANIES PRIVATE PENSION FUNDS S. ♦ L. GOVT.* RTR. FUNDS> OTHER INSURANCE COMPANIES. BROKERS AND DEALERS INVESTMENT COMPANIES REST UE THE WORLD 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 CORPORATt EQUITIES 1 2 3 749.020 35.220 713.800 682.629 34.829 647.800 869.501 44.701 824.800 1027.577 52.677 974.900 909.689 48.289 861.400 902.418 1060.311 47.618 55.611 854.800 1004.700 4 5 6 7 749.020 636.707 1.426 172 682.629 575.914 1.467 235 869.501 1027.577 731.478 860.590 1.686 1.937 299 365 909.689 748.872 2.175 414 902.418 1060.311 1228.331 732.341 845.152 967.311 2.508 2.983 3.600 508 491 620 8 9 10 11 12 13 14 15 16 63.476 9.126 40.736 1.614 12.000 32.640 30.863 1.777 14.599 61.364 8.755 39.507 2.102 11.000 31.006 28.943 2.063 12.643 77.707 10.877 51.058 2.772 13.000 42.820 39.176 3.644 15.511 93.357 13.230 61.438 4.089 14.&00 51.777 46.082 5.695 19.551 94.469 13.707 61.585 5.877 13.300 45.618 40.857 4.761 18.141 103.874 15.420 67.240 8.014 13.200 44.498 39.683 4.815 18.689 136.917 20.518 88.600 11.199 16.600 53.447 47.538 5.909 21.321 172.847 26.375 111.800 14.172 20.500 57.953 51.728 6.225 26.000 17 601.487 641.085 686.777 807.913 700.583 684.723 789.541 907.480 total at market value OPEN-END INV. CO. SHARES OTHER MARKET VALUE OF HOLDINGS HOUSEHOLDS MUTUAL SAVINGS BANKS COMMERCIAL BANKING INSURANCE life insurance COMPANIES private pension funds 1 2 3 4 5 6 7 8 9 10 S. ♦ L. GOVT.* RTR. FUNDS 11 OTHtR INSURANCE COMPANIES 12 FINANCE N.E.C. 13 OPEN-END INVESTMENT COS. 14 BROKERS AND DEALERS 15 REST OF THE WORLD 16 MEMO: HH HOLDINGS EXCLUDING INVESTMENT COMPANY SHARES 17 tutal mortgages 1 325.752 347.417 370.245 397.496 425.333 451.726 499.893 568.726 2 3 4 2.198 1.845 0 1.2/0 1.783 0 2.257 1.720 0 2.449 1.654 200 2.455 1.573 430 3.078 1.498 546 5.0 72 1.426 680 6.225 1.340 1.160 5 6 7 8 9 10 11 321.709 206.338 14.228 101.143 21.175 27.147 52.821 344.364 218.990 15.485 109,889 23.317 29.512 5/.060 366.268 229.361 16.679 120.228 25.451 33.221 61.556 393.193 243.986 17.814 131.393 27.519 36.665 67.209 420.875 260.058 19.090 141.727 29.461 40.436 71.830 446.604 272.539 20.450 153.615 31.236 45.333 77.046 492.715 296.366 21.667 174.682 32.858 53.335 88.489 560.001 334.789 23.068 202.124 35.438 62.571 104.115 12 13 14 15 16 17 18 19 20 21 22 325.752 34.342 2,145 5.599 6.801 276.865 49.675 155.503 110.306 44.617 580 347.417 35.662 2.110 6.437 9.354 293.864 54.380 162.397 114.427 47.337 633 370.245 36.581 2.152 7.318 11.131 313.063 59.019 172.963 121.805 50.490 668 397.496 38.128 2.210 8.442 13.293 335.423 bb.696 184.965 130.802 53.456 707 425.333 39.179 2.159 9.149 17.764 357.082 70.705 197.101 140.232 56.138 731 451.726 39.317 2.134 9.494 23.598 377.183 73.275 209.079 150.331 57.948 800 499.893 39.346 2.150 9.531 29.926 418.940 82.515 237.210 174.385 61.978 847 568.726 37.317 2.160 9.288 36.602 483.359 99.314 274.843 206.387 67.556 900 23 24 25 26 27 28 29 67.225 60.013 3.324 3.74b 142 4.462 0 73.179 64.609 3.911 4.516 143 3.898 0 76,787 67.516 4.083 5.003 185 4.294 0 79.597 69.975 4.067 5.362 193 4.935 230 82.427 72.027 4.216 5.984 200 5.742 1.107 85.727 74.375 4.296 6.809 245 5.883 3.219 86.487 75.496 3.683 7.085 223 6.965 5.763 87.498 77.319 3.000 6.954 225 11.097 10.607 30 5.997 6.935 4.386 5.259 9.289 10.615 7.936 http://fraser.stlouisfed.org/ MONEY AMOUNTS ARE IN Federal Reserve Bank of St. Louis (?) MILLIONS OF DOLLARS TOTAL MORTGAGE CREDIT LIABILITIES OFSAVINGS ♦ LOAN ASSOCIATIONS U.S. GOVERNMENT REITS PRIVATE NONFIN. SECTORS HOUStHOLUS NONPROFIT INST. business FARMS NONFARM NONCORPORATE CORPORATE ASSETS UFHOUSEHOLOS S. ♦ L. GOVT.* GEN. FUNDS U.S. GOVERNMENT SPONSORED CREDIT AG. (D (2) PRIVATE FINANCIAL INST. commercial banking SAVINGS INSTITUTIONS S + L ASSOCIATIONS (1) MUTUAL SAVINGS BANKS CREDIT UNIONS insurance LIFE COMPANIES PRIVATE PENSION FUNDS S. ♦ L. GOVT.* RTR. FUND OTHER INSURANCE FINANCE COMPANIES REITS 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 7.979 (1) memo: fhlb loans to s*l 30 ASSNS. (INCLUDED IN "OTHER LOANS" CATEGORY) INCLUDES MORTGAGE POOLS HACKING GNMA-GUARANTEED SECURITIES. AUGUST* 1973 MORTGAGES* BY TYPE 120 MORTGAGES* BY TYPE YEAR-END OUTSTANDINGS* 1945-54 MORTGAGE MARKETS by TYPE OF MORTGAGE YEAR-ENO OUTSTANDTNGS* 1945-54 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 HOME MORTGAGES 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 TOTAL LIABILITIES HOUSEHOLDS NONFARM NONCORP. BUSINESS CORPORATE BUSINESS U.S. GOVERNMENT SAVINGS ANO LOAN ASSNS. 18.591 18.000 291 291 0 9 23.034 21.775 575 575 0 109 28.199 26.076 967 967 0 189 33.279 31.106 971 971 0 231 37.621 35.172 1.087 1.087 0 275 45.175 42.564 1.145 1.145 0 321 51.718 49.688 831 831 0 368 58.508 56.130 939 939 0 500 66.102 63.782 885 885 0 550 75.677 72.410 1.239 1.239 0 789 1 2 3 4 5 6 TOTAL ASSETS HOUSEHOLDS STATE AND LOCAL GOVERNMENTS u.s. GOVERNMENT 18.591 5.372 0 894 23.034 6.129 25 666 28.199 6.635 75 625 33.279 7.108 125 710 37.621 7.304 175 1.176 45.175 7.458 240 1.468 51.718 7.722 320 2.063 58.508 7.880 400 2.523 66.102 8.308 480 2.770 75.677 8.657 560 2.770 7 8 9 10 COMMERCIAL HANKING SAVINGS INSTITUTIONS SAVINGS AND LOAN ASSNS. MUTUAL SAVINGS BANKS CREDIT UNTONS 2.875 7.080 5.156 1.894 30 4.576 8.908 6.840 2.033 35 6.303 10.798 8.475 2.283 40 7.396 12.722 9.841 2.835 46 7.956 14.547 11.117 3.364 66 9.481 17.494 13.118 4.312 66 10.275 20.252 14.844 5.331 77 11.250 23.951 17.645 6.194 112 12.025 28.508 20.999 7.373 136 13.300 34.154 25.004 9.002 148 11 12 13 14 15 INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS FINANCE COMPANIES REITS 2.306 2.306 0 64 0 2.567 2.545 22 163 0 3.539 3.497 42 224 0 5.005 4.943 62 213 0 6.175 6.093 82 288 0 8.580 8.478 102 454 0 10.730 10.610 120 356 0 11.906 11.757 149 598 0 13.387 13.195 192 624 0 15.391 15.153 238 845 0 16 17 18 19 20 , 16 17 18 19 20 MULTI -FAMILY RESIDENTIAL MORTGAGES 1 TOTAL LIABILITIES NONFARM NONCORP. BUSINESS 2 CORPORATE BUSINESS 3 4 REITS 5.737 2.841 2.896 0 6.085 3.016 3.069 0 6.602 3.275 3.327 0 7.477 3.713 3.764 0 8.644 4.297 4.347 0 10.116 5.034 5.082 0 11.457 5.705 5.752 0 12.296 6.128 6.168 0 12.936 6.451 6.485 0 13.480 6.726 6.754 0 1 2 3 4 5 TOTAL ASSETS HOUSEHOLDS 6 7 U.S. GOVERNMENT SPONSORED CR. AGENCIES(l) 8 9 SPONSORED CH. AGENCIES(I) 10 commercial banks SAVINGS INSTITUTIONS 11 SAVINGS ANO LOAN ASSNS. 12 MUTUAL SAVTNGS BANKS 13 5.737 2.206 8 0 0 520 1.585 92 1.493 6.085 2.337 6 0 0 570 1.681 126 1.555 6.602 2.554 6 0 0 630 1.814 160 1.654 7.477 2.800 8 0 0 670 2.118 195 1.923 8.644 3.132 28 0 0 720 2.416 211 2.205 10.116 3.465 40 0 0 950 2.971 229 2.742 11.457 3.697 60 0 0 995 3.569 305 3.264 12.29b 3.845 74 0 0 938 4.010 321 3.689 12.936 3.926 184 0 0 900 4.375 414 3.961 13.480 4.020 268 0 0 852 4.687 478 4.209 5 6 7 8 9 10 11 12 13 1.400 18 0 1.470 21 0 1.573 25 0 1.846 35 0 2.296 52 0 2.615 75 0 3.031 105 0 3.288 141 0 3.363 188 0 3.404 249 0 14 15 16 LIFE INSURANCE COS. S. ♦ L. GOVT.* PEN, FUNOS REITS 14 15 16 commercial MORTGAGES 1 TOTAL LIABILITIES HOUSEHOLDS 2 NONFARM NONCORP. BUSINESS 3 CORPORATE BUSINESS 4 REITS 5 6.448 500 595 5.353 0 7.743 680 706 6.357 0 9.052 934 812 7.306 0 10.154 1.334 882 7.938 0 10.834 1.818 902 8.114 0 11.455 2.353 910 8.192 0 12.454 2.909 955 8.590 0 13.358 3.404 995 8.959 0 14.523 3.916 1.061 9.546 0 16.268 4.569 1.170 10.529 0 1 2 3 4 5 6 TOTAL ASSETS HOUSEHOLDS 7 u.s. government 8 COMMERCIAL BANKING 9 SAVINGS INSTITUTIONS 10 SAVINGS And LOAN ASSNS. 11 MUTUAL SAVINGS BANKS 12 6.448 2.442 15 856 925 128 797 7.743 2.939 9 1.387 1.002 175 827 9.052 3.4b4 7 1.690 1.112 221 891 10.154 3.776 7 1.957 1.284 269 1.015 10.834 3.910 5 2.060 1.387 288 1.099 11.455 3.920 9 2.264 1.476 312 1.164 12.454 4.034 9 2.458 1.689 415 1.2 74 13.358 4.230 9 2.621 1.874 430 1 .4*4 14.523 4.538 20 2.843 2.105 549 1.556 16.268 5.116 9 3.2b3 2.366 626 1.740 6 7 8 9 10 II 12 13 14 15 2.154 56 0 2.345 61 0 2.710 69 0 3.054 76 0 3.3 79 93 0 3.682 104 0 4.146 118 0 4.501 123 0 4.878 139 0 5.371 143 0 13 14 15 LIFE INSURANCE COMPANIES OTHER INSURANCE COMPANIES REITS FARM MORTGAGES 1 2 3 4 5 6 7 TOTAL LIABILITY of farms ASSETS OFHOUSEHOLDS U.S. GOVERNMENT FEDERAL LAND BANK COMMERCIAL BANKS MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES (1) 4. 760 4.897 5.064 5.288 5.579 b.07l 6.651 7.236 7.737 8.246 1 1.934 2.056 357 959 704 26 795 2.123 307 887 824 28 895 2.252 266 872 874 34 990 2.337 253 905 909 37 1.138 2.520 260 952 968 44 1.32 7 2.804 259 1.010 1.004 47 1.527 3.055 274 1.091 1.058 53 1.7n5 3.245 291 1.180 1.082 53 1.886 3.415 287 1.281 1.159 56 2.046 2 3 4 5 6 7 1.035 524 24 776 INCLUDES MORTGAGE POOLS BACKING GNMA-GUARANTEED SECURITIES. MONEY AMOUNTS ARE In MILLIONS OF DOLLARS, AUGUST. 1973 MORTGAGES. BY TYPF MORTGAGES. BY TYPE 121 mortgage markets by type of mortgage YEAR-END OUTSTANOTNGS. 1955 1955-64 1956 1957 YEAR-ENO OUTSTANDINGS. 1958 1959 1961 1960 1962 1963 1955-64 1964 HOME MORTGAGES 1 2 3 4 5 6 88.249 84.607 1.365 1.365 0 912 99.001 95.806 1.154 1.154 0 887 107,617 104.563 1.051 1.051 96 856 117.687 113.406 1.294 1.294 532 1.161 130.854 125.966 1.374 1.374 847 1.293 141.287 136.745 1.052 1.052 1.252 1.186 152.994 147.660 1.155 1.155 1.474 1.550 166.482 160.369 1.190 1.190 1.734 1.999 182.187 175.119 1.372 1.372 1.796 2.528 197.577 191.106 1.203 1.203 1.826 2.239 TOTAL LIABILITIES HOUSEHOLDS NONFARM NONCORP. BUSINESS CORPORATE BUSINESS U.S. GOVERNMENT SAVINGS AND LOAN ASSNS. 7 8 9 10 88.249 8.842 688 2.929 99.001 9.286 865 2.885 107.617 10.165 1.042 3.051 117.687 10.970 1.088 3.281 130.854 11.054 1.358 4.206 141.287 11.683 1.303 4.235 152.994 11.373 2.002 4.440 166.482 11.549 2.110 4.525 182.187 11.578 2.172 4.119 197.577 11.887 2.165 4.015 TOTAL ASSETS 7 8 HOUSEHOLDS 9 STATE AND LOCAL GOVERNMENTS u.s. government 10 11 12 13 14 15 15,075 41.275 30.001 11.100 174 16.245 47.224 34.004 12.990 230 16.385 52.371 37.996 14.110 265 17.628 58.823 42.890 15.640 293 19.200 66.767 49.535 16.887 345 19,242 74.132 55.386 18.369 377 20.038 82.824 62.395 20.022 407 22.129 92.365 69.761 22.149 455 24.910 104.277 79.058 24.717 502 27.220 115.113 87.172 27.394 547 16 17 18 19 20 17.982 17.661 321 1.372 0 20.579 20.130 449 1.268 0 22.024 21.441 583 943 0 23.116 22.374 742 1.400 0 24.572 23.583 989 1.647 0 26.180 24.879 1.301 1.611 0 27.201 25.641 1.560 2.246 0 28.273 26.397 1.876 2.697 0 29.551 27.331 2.220 3.530 0 31.271 28.525 2.746 3.920 0 1 2 3 4 5 6 COMMERCIAL BANKING SAVINGS INSTITUTIONS SAVINGS AND LOAN ASSNS. MUTUAL SAVINGS BANKS CREDIT UNIONS 11 12 13 14 15 INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS FINANCE COMPANIES REITS 16 17 18 19 20 MULTI-FAMILY RESIDENTIAL MORTGAGES 1 2 3 4 14.305 7.142 7.163 0 14.879 7.432 7.447 0 15,330 7.660 7.670 0 16.848 8.422 8.426 0 18.668 9.335 9.333 0 20.349 10.245 10.104 0 22.963 11.785 11.178 0 25.799 13.585 12.214 0 29.042 15.825 13.217 0 33.565 19.095 14.470 0 TOTAL LIABILITIES NONFARM NONCORP. BUSINESS CORPORATE BUSINESS REITS 5 6 7 8 9 10 11 12 13 14.305 4.157 383 86 0 813 5.082 614 4.468 14.879 4.214 426 649 0 759 5.470 757 4.713 15.330 4.219 469 1.636 0 762 5.789 889 4.900 16.848 4.472 603 1.381 0 963 6.527 1.232 5.295 18.668 4.735 904 2.050 0 1.120 7.251 1.652 5,599 20.349 4.768 1.024 2.901 2 1.120 8.120 2.183 5.937 22.963 5.150 1.107 2.870 2 1.187 9.371 3.052 6.319 25.799 4.955 1.138 2.834 12 1.353 11.374 4.342 7.032 29.042 4.630 1.054 2.050 12 1.566 13.825 5.824 8.001 33.565 4.338 1.040 1.986 11 1.713 16.157 7.064 9.093 TOTAL ASSETS HOUSEHOLDS U.S. GOVERNMENT SPONSORED CR. AGENCIES(l) SPONSORED CR. AGENCIES(l) COMMERCIAL BANKS SAVINGS INSTITUTIONS SAVINGS AND LOAN ASSNS. MUTUAL SAVINGS BANKS 14 15 16 3.552 318 0 3.615 395 0 3.551 540 0 3.547 736 0 3.666 992 0 3.865 1.450 0 4.250 1.896 0 4.725 2.242 0 5.343 2.612 0 7.236 3.070 0 LIFE INSUPANCF COS. S. ♦ L. GOVT.. PEN. FUNDS REITS 14 15 16 1 2 3 4 5 6 7 8 9 10 11 12 13 COMMERCIAL MORTGAGES 1 2 3 4 5 18.316 5.198 1.312 11.806 0 20.737 5.901 1.484 13.352 0 23.175 6.685 1.649 14.841 0 26.123 7.503 1.862 16.758 0 29.195 8.317 2.088 18.790 0 32.371 9.184 2.319 20.868 0 36.354 10.084 2.627 23.643 0 41.146 11.035 3.011 27.100 0 46.217 12.012 3.421 30.784 0 50.042 13.053 3.699 33.290 0 TOTAL LIABILITIES HOUSEHOLDS NONFARM NONCORP. BUSINESS CORPORATE BUSINESS REITS 1 2 3 4 5 6 7 8 9 10 11 12 18.316 5.731 30 3.819 2.625 794 1.831 20.737 6.445 37 4.379 2.952 968 1.984 23.175 7.251 56 4.823 3.224 1.122 2.102 26.123 8.194 54 5.461 3.780 1.505 2.275 29.195 9.239 47 6.237 4.405 1.954 2.451 32.371 10.260 45 6.796 5.076 2.501 2.575 36.354 11.538 44 7.470 6.140 3.387 2. 753 41.146 11.861 44 8.972 7.755 4.667 3.088 46.217 11.847 44 10.611 9.516 6.062 3.454 50.042 11.273 44 12.405 11.113 7.097 4.016 TOTAL ASSETS HOUSEHOLDS u.s. government COMMERCIAL BANKING SAVINGS INSTITUTIONS SAVINGS AND LOAN ASSNS. MUTUaL SAVINGS BANKS 6 7 8 9 10 11 12 13 14 15 5.959 152 0 6.763 161 0 7.660 161 0 8.474 160 0 9.121 146 0 10.0*5 149 0 11.007 155 0 12.380 134 0 14.078 121 0 15.087 120 0 LIFE INSURANCE COMPANIES OTHER INSURANCE COMPANIES REITS 13 14 15 FARM MORTGAGES 1 9.021 9.835 10.397 11.109 12.101 12.838 13.917 15.193 16.822 18.942 2 3 4 5 6 7 3.634 262 1.497 1.297 58 2.273 3.946 272 1.741 1.336 59 2.481 4.151 321 1.917 1.367 57 2.584 4.464 367 2.087 1.471 53 2.667 4.858 413 2.360 1.588 55 2.827 5.133 457 2.564 1.648 54 2.982 5.442 545 2.828 1.746 51 3.305 6.107 561 3.052 2.022 51 3.400 6.736 606 3.309 2.327 52 3.792 7.610 619 3.718 2.638 53 4.304 (1) MONEY AMOUNTS ARF IN MILLIONS OF DOLLARS TOTAL LIABILITY OF FARMS ASSETS OFHOUSEHOLDS U.S. GOVERNMENT FEDERAL LAND BANK commercial BANKS MUTUAL SAVINGS BANKS life insurance companies INCLUDES MORTGAGE POOLS BACKING GNMA-GUARANTEED SECURITIES. 1 2 3 4 5 6 7 AUGUST* 1973 MORTGAGES. BY TYPE 122 MORTGAGES, BY TYPE mortgage markets by type OF MORTGAGE YEAR-END OUTSTANOTNGS, 1965-72 YEAR-END OUTSTANDINGS, 1965 1966 1967 1968 1969 1970 1972 1971 1973 1965-72 1974 HOME MORTGAGES NONFARM NONCORP. BUSINESS CORPORATE BUSINESS U.S. GOVERNMENT SAVINGS ANU LOAN ASSNS. 212.937 206.338 1.278 1.278 1.845 2.198 223.645 218.990 801 801 1 . 783 1.270 236.ObO 229.3bl 1.3bl 1.361 1.720 2.257 251.241 243.986 1.576 1.576 1.654 2.449 266.822 260.058 1.368 1.368 1.573 2.455 280.175 272.539 1.530 1.530 1.498 3.078 307.834 296.366 2.485 2.485 1.426 5.0 72 348.5S8 334.789 3.102 3.102 1.340 6.225 1 2 3 4 5 6 7 e 9 10 TOTAL ASSETS HOUSEHOLDS STATE AND LOCAL GOVERNMENTS U.S. GOVERNMENT 212.937 11.751 2.145 3.886 223.645 12.086 2.110 4.489 236.060 12.301 2.152 5.217 251.241 12.950 2.210 6.049 266.822 12.973 2.159 6.143 280.175 12.990 2.134 6.003 307.834 12.054 2.150 5.685 348.558 9.840 2.160 5.0<9 7 8 9 10 li 12 13 14 15 COMMERCIAL HANKING SAVINGS INSTITUTIONS SAVINGS ANU LOAN ASSNS. MUTUAL SAVINGS BANKS CREDIT UNTONS 30.401 124.869 94.225 30.064 580 32.803 129.729 97.423 31.673 633 35.275 137.462 103.327 33.467 668 38.765 146.049 110.295 35.047 707 41.356 155.067 117.893 36.443 731 42.329 163.112 124.970 37.342 800 48.020 182.397 142.909 38.641 84 7 57.004 210.157 167.607 41.650 900 11 12 13 14 15 16 17 18 19 20 INSURANCE LIFE INSURANCE COMPANIES PRIVATE PFNSION FUNDS FINANCE COMPANIES REITS 32.913 29.589 3.324 4.462 0 34.144 30.233 3.911 3,898 0 33.846 ,29.763 4.083 4.294 0 33.097 29.030 4.067 4.935 35 32.180 27.964 4.21b 5.742 183 30.974 26.676 4.298 5.883 b60 28.287 24.604 3.683 6.965 1.408 25.466 22.466 3.000 11.097 2.584 16 17 18 19 20 1 2 3 4 5 6 TOTAL LIABILITIES households MULTI -family residential. mortgages 1 TOTAL LIABILITIES NONFARM NONCORP. BUSINESS 2 CORPORATE BUSINESS 3 4 REITS 37.183 21.846 15.337 0 40.307 24.245 16.062 0 43.910 27.045 16.865 0 47.346 29.745 17.535 66 52.161 33.317 18.702 142 58.023 37.655 20.188 180 66.840 43.826 22.790 224 77.266 51.109 25.774 383 1 2 3 4 5 total ASSETS HOUSEHOLDS 6 u.s. government 7 SPONSORED C». AGENCIES!1) 8 SPONSORED CR. AGENCIES! 1) 9 10 COMMERCIAL BANKS savings institutions 11 SAVINGS ANO LOAN ASSNS. 12 MUTUAL SAVTNGS BANKS 13 37.183 3.437 1.039 2.510 10 1.986 18.154 8.122 10.032 40.307 2.909 1.336 4.386 10 2.073 19.174 8.605 10.569 43.910 2.618 1.545 5.513 9 2.367 20.651 9.477 11.174 47.346 2.347 1.879 7.151 16 2.668 22.245 10.544 11.701 52.161 1.879 2.534 11.019 31 3.217 24.004 11.765 12.239 58.023 1.046 3.038 16.090 321 3.311 26.424 13.830 12.594 66.840 1.474 3.414 20.868 1.141 3.984 31.214 16.828 14.386 77.266 1.422 3.762 25.171 2.324 5.778 36.129 20.639 15.490 5 6 7 8 9 10 11 12 13 8.811 3.746 0 10.289 4.516 0 11.717 5.003 0 12.754 5.362 75 14.119 5.984 393 16.061 6.809 1.013 16.773 7.085 1.755 17.242 6,954 3.655 14 15 16 14 15 16 LIFE INSURANCE COS. S. ♦ L. GOVT., PEN. FUNDS REITS COMMERCIAL mortgages 1 TOTAL LIABILITIES HOUSEHOLDS 2 NONFARM NONCORP. BUSINESS 3 4 CORPORATE BUSINESS REITS 5 54.457 14.228 4.023 36.206 0 60.148 15.485 4.466 40.197 0 64.824 16.679 4.815 43.330 0 71.390 17.814 5.344 48.098 134 76,889 19.090 5.751 51.760 288 82.292 20.450 6.148 55.328 366 92.361 21.667 7.024 63.214 456 107.464 23.088 8.360 75.239 777 1 2 3 4 5 6 TOTAL ASSETS HOUSEHOLDS 7 u.s. governmfnt 8 COMMERCIAL HANKING 9 SAVINGS INSTITUTIONS 10 SAVINGS ANO LOAN ASSNS. 11 MUTUAL SAVTNGS BANKS 12 54.457 10.677 43 14.377 12.428 7.959 4.469 60.148 11.326 26 16.366 13.440 8.399 5.041 64.824 11.488 20 17.931 14.733 9.001 5.732 71.390 11.609 20 20.505 16.555 9.963 6.592 76.889 11.940 18 22.113 17.916 10.574 7.342 82.292 11.788 16 23.284 19.424 11.531 7.893 92.361 11.154 11 26.306 23.549 14.648 8.901 107.464 10.693 0 31.751 28.495 18.141 10.354 6 7 8 9 10 11 12 LIFE INSURANCE COMPANIES OTHER INSURANCE COMPANIES REITS 16.790 142 0 18.847 143 0 20.467 185 0 22.388 193 120 24.171 200 531 25.989 245 1.546 28.518 223 2.600 31.932 225 4.368 13 14 15 13 14 15 farm mortgages 1 TOTAL LIABILITY OF FARMS ASSETS OFHOUSEHOLDS u.s. government FEDERAL LAND BANK COMMERCIAL HANKS MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES 2 3 4 5 6 7 <I> 21.175 23.317 25.451 27.519 29.461 31.236 32.858 35.438 1 8.477 631 4.281 2.911 52 4.823 9.341 586 4.958 3.138 54 5.240 10.174 536 5.609 3.446 117 5.569 11.222 494 6.126 3.758 116 5.803 12.387 454 6.714 4.019 114 5.773 13.493 437 7.187 4.351 119 5.649 14.664 421 7.917 4.205 50 5.601 15.362 447 9.107 4.781 62 5.679 2 3 4 5 6 7 INCLUDES MORTGAGE POOLS BACKING GNMA-GUARANTEED SECURITIES. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS AUGUST* 1973 CONSUMER CREOIT ANU BANK LOANS N.E,.C. CONSUMER CREDIT AND BANK LOANS N.E.C. 123 CONSUMER CREDIT AND BANK LOANS NOT ELSEWHERE CLASSIFIED YEAH-END OUTSTANOTNGS* 1945 YEAR-tND OUTSTANDINGS, 1945-54 1946 1947 1948 1949 1950 1951 1952 1953 1954 1945-54 CONSUMER CREDIT 1 2 3 5.665 2.462 3.203 8.384 4.172 4.212 11.598 6.695 4.903 14.447 8.996 5.451 17.364 11.590 5.774 21.471 14.703 6.768 22.712 15.294 7.418 27.520 19.403 8.117 31.393 23.005 8.388 32.464 23.568 8.896 TOTAL LIABILITIFS (HH.) INSTALMENT credit NON IN5TALNENT CREDIT 4 5 6 7 8 9 10 5.665 2.462 184 502 745 121 910 8.384 4.172 230 707 1.567 174 1.494 11.598 6.695 33 7 1.103 2.625 271 2.359 14.447 8.996 462 1.414 3.529 385 3.206 17.364 11.590 580 1.753 4.439 513 4.305 21.471 14.703 708 2.190 5.798 692 5.315 22.712 15.294 727 2.443 5.771 751 5.602 27.520 19.403 881 2.941 7.524 1 . 000 7.057 31.393 23.005 980 3.062 8.998 1.341 8.624 32.464 23.568 935 3.183 8.796 1.591 9.063 total assets instalment credit NQNFARm NONCORP. BUSINESS 11 12 13 14 15 3.203 1.342 1.162 675 24 4.212 1,630 1.517 1.008 57 4.903 1.853 1.762 1.203 85 5.451 2.092 1.994 1.261 104 5.774 2.230 2.097 1.334 113 6.768 2.590 2.442 1.576 160 7.418 2.868 2.693 1.684 173 8.117 3.117 2.956 1.844 200 8.388 3.197 3.080 1.899 212 8.896 3.334 3.229 2.096 237 NONINSTALMENT credit NONFARm NONCORR. BUSINESS CORPORATE BUSINESS COMMERCIAL BANKING SAVINGS INSTITUTIONS 59.195 65.443 67.384 70.562 1 2 3 CORPORATE BUSINESS COMMERCIAL banking savings institutions FINANCE COMPANIES 4 5 6 7 8 9 10 11 12 13 14 15 BANK LOANS NOT tLSFwHLRE CLASSIFltD 1 25.874 31.221 38.148 42.261 42.949 53.129 2 3 4 5 6 7 8 9 4.775 1.420 6.823 223 54 12.579 49 12.628 7.237 2.575 3.157 404 86 17.762 148 17.910 9.447 3.828 2.052 493 140 22.188 52 22.240 10.897 4.790 2.310 481 192 23.591 191 23.782 11.645 5.773 2.689 499 237 22.106 72 22.178 13.663 7.374 2.961 686 298 28.147 3 28.150 14.732 7.455 2.711 1.025 389 32.883 5 32.888 15.867 9.368 3.363 1.276 364 35.205 34 35.239 16.850 10.897 3.863 1.165 432 34.177 17 34.194 18.574 10.892 4.854 1.147 467 34.628 134 34.762 10 11 12 13 14 15 16 12.628 12.241 751 1.037 290 9.644 519 17.910 17.247 1.232 1.292 907 13.065 751 22.240 21.289 1.193 1.593 1.263 16.229 1.011 23.782 22.406 1.466 1.946 1.024 16.865 1.105 22.178 20.429 1.622 2.049 794 15.030 934 28.150 25.434 2.675 2.524 1.223 18,294 718 32.888 30.409 2.998 3.120 1.467 22.047 777 35.239 32.083 3.510 3.293 1.655 22.842 783 34.194 31.133 3.680 2.712 1.725 22.339 677 34.762 31.492 4.121 2.862 1.764 21.713 1.032 17 18 19 20 21 387 146 223 0 18 663 118 543 0 2 951 116 826 0 9 1.376 90 1.277 0 9 1.749 75 1.660 0 14 2.716 91 2.606 0 19 2.479 95 2.365 0 19 3.156 89 3.050 0 17 3.061 82 2.962 0 17 3.270 95 3.155 0 20 TOTAL BANK LOANS Af COMMEHCIAL RANKS, F/F BASIS LESS: LOANS IN OTHER CATEGORIES MORTGAGES CONSUMER CREDIT SECURITY CREDIT COMMERCIAL PAPER HYPOTHECATED DEPOSITS EQUALS BANK LOANS N.E.C. LOANS BY F.R, BANKS equals: total bank loans n.e.c TOTAL LIABILITIES NONFINANCIAL SECTORS HOUSEHOLDS FARM BUSINESS NONFAHM NONCORP. BUSINESS corporate business REST OE THE WORLD FINANCIAL SECTORS savings and LOAN ASSN, FINANCE COMPANIES REITS FOREIGN RANKING AGENCIES 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 CONSUMER CREDIT AND BANK LOANS NOT ELSEWHERE CLASSIFIED YEAR-END OUTSTANOTNGS* 1955 YEAR-END OUTSTANDINGS, 1955-64 1956 1957 1958 1959 1960 1961 1962 1963 1964 1955-64 CONSUMER CREDIT 1 2 3 38.830 28.906 9.924 42.334 31.720 10.614 44.971 33.868 ’ll.103 45.129 33.642 11.487 51.544 39.247 12.297 56.141 42.968 13.173 57.982 43.891 14.091 63.821 48.720 15.101 71.739 55,486 16.253 80.268 62.692 17.576 TOTAL LIABILITIES (HH.) INSTALMENT CREDIT NONINSTALMENT CREDIT 4 5 6 7 8 9 10 38.830 28.906 911 3.597 10.601 1.959 11.838 42.334 31.720 955 3.906 11.777 2.357 12.725 44.971 33.868 903 4.050 12.843 2.836 13.236 45.129 33.642 802 4.579 12.780 3.164 12.317 51.544 39.247 853 5.263 15.227 3.856 14.048 56.141 42.968 803 5.492 16.672 4.566 15.435 57.982 43.891 802 5.618 17.008 4.956 15.507 63.821 48.720 778 6.064 19.005 5.524 17.349 71.739 55.48fo 817 6.850 22.023 6.239 19.557 80.268 62.692 90 7 7.887 25.094 7.163 21.641 4 TOTAL ASSETS INSTALMENT CREDIT 5 NONFaRM NONCORP. BUSINESS 6 CORPORATE BUSINESS 7 COMMERCIAL BANKING 8 9 SAVINGS INSTITUTIONS 10 FINANCE COMPANIES 11 12 13 14 15 9.924 3.523 3.469 2.635 297 10.614 3.763 3.665 2.843 343 11.103 3.989 3.818 2.937 359 11.487 4.070 3.856 3.156 405 12.297 4.238 3.994 3.582 483 13.173 4.547 4.187 3.884 555 14.091 4.742 4.279 4.413 657 15.101 5.164 4.548 4.690 699 16.253 5.440 4.785 5.205 823 17.576 5.741 5.036 5.950 849 128.458 141.521 159.074 178.305 NONINSTALMENT credit NONFARM NONCORP. BUSINESS CORPORATE BUSINESS COMMERCIAL BANKING SAVINGS INSTITUTIONS I 2 3 11 12 13 14 15 BANK LOANS NOT tLSEWHtRE CLASSIFIED 1 83.902 92.393 96.666 100.886 114,392 120.984 TOTAL BANK LOANS AT COMMERCIAL RANKS, F/F BASIS LESS: LOANS IN OTHER CATEGORIES MORTGAGES CONSUMER CREDIT SECURITY CREDIT COMMERCIAL PAPER HYPOTHECATED DEPOSITS EQUALS BANK LOANS N.E.C. LOANS BY F.R, BANKS EQUALS: TOTAL BANK LOANS N.E.C 1 2 3 4 5 6 7 8 9 21.004 13.236 5.537 878 485 42.762 2 42.764 22.719 14.620 4.881 929 553 48.691 26 48.717 23.337 15.780 4,921 1.206 596 50.826 5 50.831 25.523 15.936 5.402 1.749 621 51.655 18 51.673 28.145 18.809 5.641 2.262 668 58.867 5 58.872 28.806 20.556 5.966 1.976 742 62.938 8 62.946 30.441 21.421 7.049 2.468 768 66.311 15 66,326 34.476 23.695 8.009 2.406 783 72.152 1 72.153 39.414 27.228 8.988 2.526 837 80.081 32 80.113 43.976 31.044 9.435 3.119 956 89.775 30 89.805 10 11 12 13 14 15 16 42.764 37.133 4.372 3.434 2.336 25.595 1.396 48.717 43.582 4.741 3.375 2.918 30.797 1.751 50.831 45.680 4.915 3.759 2.992 31.910 2.104 51.673 47.221 5.621 4.172 3.153 31.645 2.630 58.872 53.387 6.624 4.866 3.531 35.413 2.953 62.946 56.814 7.220 5.062 3.801 37.657 3.074 66.326 59.657 8.112 5,305 4.154 38.382 3.704 72.153 64.378 8.626 6.087 4.535 41.263 3.867 80.113 70.656 9.020 6.688 5.192 45,229 4.527 89.805 79.764 10.417 6.959 5.665 49.444 7.279 TOTAL LIABILITIES NONFINANCIAL SECTORS HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUSINESS CORPORATF BUSINESS REST nF THE WORLD 10 11 12 13 14 15 16 17 18 19 20 21 5.631 147 5.464 0 20 5.135 122 4.988 0 25 5.151 116 4.997 0 38 4.452 147 4.259 0 46 5.485 253 5.188 0 44 6.132 218 5.899 0 15 6.669 1-96 6.447 0 26 7.775 154 7.610 0 11 9.457 244 9.173 0 40 10.041 285 9.667 0 89 FINANCIAL SECTORS SAVINGS AND LOAN ASSN. FINANCE COMPANIES REITS FOREIGN BANKING AGENCIES 17 18 19 20 21 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. 2 3 4 5 6 7 8 9 AUGUST* 1973 CONSUMER CREOIT AND BANK LOANS N.E.C. ] CONSUMER CREDIT AND BANK LOANS N.E.C. CONSUMER CREDIT AND BANK LOANS NOT ELSEWHERE CLASSIFIED YEAR-END OUTSTANDTNGS. 1965-72 YEAR-END OUTSTANDINGS. 1965 1966 1967 1968 19*9 1970 1971 1972 1973 1965-72 1974 CONSUMER CREUIT TOTAL LIABILITIES (HH.) INSTALMENT CREDIT NONINSTALMENT CREDIT 89.883 70.893 18.990 96.238 76.244 19.994 100.783 79.428 21.355 110.770 87.745 23.025 121.146 97.105 24.041 127.163 102.064 25.099 138.394 111.295 27.099 157.564 127.332 30.232 1 2 3 4 5 6 7 8 9 10 TOTAL ASSETS INSTALMENT CREDIT NONFARM NONCORP, BUSINESS CORPORATE BUSINESS COMMERCIAl BANKING SAVINGS INSTITUTIONS FINANCE COMPANIES 89.883 70.893 993 7.844 28.962 8.289 24.805 96.238 76.244 1.103 8.074 31.319 9.314 26.434 100.783 79.428 1.167 7.955 33.152 10.216 26.938 110.770 87.745 1.226 7.669 37.936 11.717 29.197 121.146 97.105 1.338 7.660 42.421 13.722 31.964 127.163 102.064 1.416 7.741 45.398 15.088 32.419 138,394 111.295 1.443 7.881 51.240 17,021 33.710 157.564 127.332 1 »6?6 8.883 59.783 19.511 37.529 4 5 6 7 8 9 10 11 12 13 14 15 NONINSTALMENT CREDIT NONFARM NONC0RP. BUSINESS CORPORATE BUSINESS COMMERCIAl BANKING 18.990 6.091 5.307 6.690 902 19.994 6.473 5.623 6.946 952 21.355 6.837 6.014 7.478 1.026 23.025 7.268 6.290 8.374 1.093 24.041 7.754 6.624 8.553 1.110 25.099 8.260 7.259 8.469 1.111 27.099 8.921 7.692 9,316 1.170 30.232 9.812 8.262 10.857 1.301 11 12 13 14 15 1 2 3 savings institutions BANK LUmNS. NOT ELSEWHERE CLASSIFIED 1 TOTAL BANK LOANS AT COMMERCIAL BANKS, F/F BASIS 204.525 222.177 240,176 268.128 295.265 309.877 339.718 399.694 1 2 3 4 5 6 7 8 9 LESS! LOANS IN OTHER CATEGORIES MORTGAGES CONSUMER CRFDIT SECURITY CREDIT COMMERCIAL PAPER HYPOTHECATED OEPOSITS EQUALS BANK 1 OANS N.E.C, LOANS HY F.R. BANKS EQUALS: TOTAL RANK LOANS N.E.C 49.675 35.652 9.277 2.681 1.078 106.162 41 106.203 54.380 38.265 9.874 3.745 0 115.913 0 115.913 59.019 40.630 11.334 5.792 0 123.401 0 123.401 65.696 46.310 12.654 4.410 0 139.058 0 139.058 70.705 50.974 11.545 4.891 0 157.150 0 157.150 73.275 53.867 12.986 6.873 0 162.876 0 162.876 82.515 60.556 13.761 7.659 0 175.227 0 175.227 99.314 70.640 18.518 7.455 0 203.767 0 203.767 2 3 4 5 6 7 8 9 106,203 93.834 11.788 7.667 6.623 60.054 7.702 115.913 104.579 12.106 8.600 7.956 68.603 7.314 123.401 114.078 13.720 9.300 8.560 75.462 7.036 139.058 127.205 15.883 9.700 9.655 85.157 6.810 157.150 142.538 17.247 10.328 11.795 96.953 6.215 162.876 148.785 17.700 11.155 11.170 102.584 6.176 175.227 158.099 18.061 12.500 11.375 107.352 8.811 203.767 179.619 21.033 14.314 12.105 120.943 11.224 10 11 12 13 14 15 16 12.369 459 11.831 0 79 11.334 532 10.668 0 134 9.323 392 8.825 0 106 11.853 459 11.153 50 191 14.612 527 13.506 230 349 14.091 423 12.442 797 429 17.128 1.111 12.489 1.458 2.070 24.148 1.867 16.377 2.970 2.9j4 17 18 19 20 21 10 11 12 13 1* 15 16 17 18 19 20 21 total liabilities NONFINANCIAL SECTORS HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUSINESS CORPORATE RUSINESS REST OF THE WORLD FINANCIAL SECTORS SAVINGS AND LOAN ASSN. FINANCE COMPANIES REITS FOREIGN BANKING AGENCIES MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST* 1973 OTHER loans 125 OTHER LOANS OPEN-MARKET PAPER ANO OTHER LOAN- YEAR-END OUTSTANDINGS* 1945 YEaR-END 1945-54 1946 1948 1947 1949 1950 1951 1952 1953 1954 OUTSTANDINGS* 1945-54 SECTOR TOTALS 1 2 3 4 5 6 7 8 9.487 9.218 2.132 796 2.008 2.147 505 1.630 13.234 12.726 2.094 7b7 3.024 2.005 484 4.352 17.960 17.199 2.190 767 3.296 1.946 503 8.497 19.983 18.966 2.374 848 3.601 1.970 573 9.600 20.936 19.833 2.618 846 3.808 1.971 488 10.102 22.469 20.945 2.869 937 4.234 2.098 555 10.252 24.462 22.487 3.154 1.048 4.595 2.411 816 10.463 26.370 24.088 3.252 1.080 4.772 2.987 1.138 10.859 28,594 25.999 3.542 1.060 4.893 3.503 774 12.227 28.670 26.312 3.802 1.173 4.945 3.859 439 12.094 TOTAL LIABILITIES NONFINANCIAL SECTORS HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUSINESS CORPORATE BUSINESS STATE AND LOCAL GOVERNMENTS REST OF THE WORLO 1 2 3 4 5 6 7 8 9 10 11 12 13 14 269 0 0 205 64 0 508 0 0 301 207 0 761 0 0 432 329 0 1.017 0 0 509 508 0 1.103 0 0 427 676 0 1.524 0 0 810 714 0 1.975 0 0 911 1.064 0 2.282 0 0 864 1.418 0 2.595 0 0 952 1.643 0 2.358 0 0 867 1.491 0 FINANCIAL SECTORS SPONSORED CREDIT AGENCIES COMMERCIAL BANKING SAVINGS ♦ LOAN ASSOCIATIONS FINANCE COMPANIES REITS 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 9.487 0 7 3.827 662 0 277 41 1.962 2.669 42 13.234 0 55 7.255 812 0 490 54 1.894 2.616 58 17.960 0 146 11.632 1.110 0 633 59 1.937 2.379 64 19.983 0 272 12.958 1.354 0 673 67 2.057 2.489 113 20.936 0 406 13.811 1.292 0 736 61 2.240 2.246 144 22.469 20 340 14.199 1.782 0 984 67 2.413 2.462 202 24.462 0 438 14.878 2.086 0 1.414 67 2.590 2.696 293 26.370 1 577 15.878 2.061 0 1.640 78 2.699 3.127 309 28.594 91 874 17.459 1.939 0 1.597 87 2.894 3.252 401 28.670 33 988 17.069 1.894 0 1.614 103 3.127 3.258 584 TOTAL ASSETS HOUSEHOLDS corporate business u.s. government SPONSORED CREOIT AGENCIES MONETARY AUTHORITY COMMERCIAL BANKING MUTUAL SAVINGS BANKS INSURANCE FINANCE N.E.C. REST OF THE WORLO 15 16 17 18 19 20 21 22 23 24 25 open-market paper 1 313 571 762 933 1.110 1.315 1.823 2.241 2.618 2.895 2 3 4 5 0 0 0 0 116 116 0 0 214 214 0 0 397 397 0 0 568 568 0 0 576 576 0 0 884 884 0 0 1.197 1.197 0 0 1.417 1.417 0 0 1.206 1.206 0 0 6 7 8 9 10 159 95 64 0 0 228 137 91 0 0 287 172 115 0 0 277 166 111 0 0 270 162 108 0 0 345 207 13b 0 0 449 269 180 0 0 552 331 221 0 0 628 402 226 0 0 816 531 285 0 0 DEALER-PLACED PAPER NONFIN. CORPORATIONS 11 12 13 14 15 154 20 134 67 67 227 36 191 96 95 261 74 187 94 93 259 69 190 95 95 272 58 214 107 107 394 119 275 138 137 490 177 313 157 156 492 157 335 168 167 573 197 376 188 188 873 271 602 301 301 BANKERS' ACCEPTANCES REST OF THE WORLD NONFIN. BUSINESS NONCORPORATE CORPORATt 11 12 13 14 15 16 0 0 0 0 0 0 0 0 0 0 NONBANK CREDIT TO BANKS IN SECURITY RP'S 16 17 18 19 20 21 22 23 0 7 0 223 0 0 42 0 55 0 404 0 0 58 0 146 0 493 0 0 64 0 272 0 481 0 0 113 0 406 0 499 0 0 144 20 340 0 686 0 0 202 0 438 0 1.025 0 0 293 1 577 0 1.276 0 0 309 91 874 0 1.165 0 0 401 33 988 0 1.147 40 0 584 OPEN MARKET PAPER-TOTAL LIAB.. BY TYPE AND SECTOR DIRECTLY-PLACED PAPER finance companies REITS BANK AFFILIATES finance companies REITS BANK AFFILIATES TOTAL '-OL0INGS. BY SECTOR HOUSEHOLDS NONFIN. CORPORATIONS FEDERAL RESERVE commercial banking LIFE INSURANCE COS. INVESTMENT COMPANIES REST OF THE WORLD 1 2 3 4 5 6 7 8 9 10 17 18 19 20 21 22 23 other TYPES 1 2 3 2.669 1.338 1.331 2.616 1.280 1.336 2.379 1.156 1.223 2.489 1.198 1.291 2,246 1.064 1.182 2.462 1.138 1.324 2.696 1.352 1.344 3.127 1.834 1.293 3.252 1.960 1.292 3.258 2.221 1.037 4 3.711 1.141 11.519 12.833 13.670 14.041 14.703 15.689 17.251 16.839 5 6 7 8 9 10 11 0 464 485 647 505 0 1.610 0 391 1.457 493 484 0 4.316 0 283 1.785 525 503 0 8.423 0 243 1.975 511 573 0 9.531 0 228 2.272 638 488 0 10.044 0 244 2.493 616 555 0 10.133 0 199 2.768 634 816 0 10.286 0 213 2.981 655 1.138 0 10.702 b 445 3.041 953 774 0 12.030 18 508 3.245 806 439 0 11.823 12 662 812 1.110 1.354 1.292 1.782 2.086 2.061 1.939 1.894 13 14 15 332 125 205 376 135 301 484 194 432 605 240 509 618 247 427 693 279 810 849 326 911 867 330 864 615 372 952 665 362 86 7 16 17 18 2.078 116 1.962 2.008 114 1.894 2.050 113 1.937 2.182 125 2.057 2.381 141 2.240 2.571 158 2.413 2.765 175 2.590 2.888 189 2.699 3.102 208 2.894 3.317 230 3.087 19 54 86 140 192 237 298 389 364 432 467 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS, FINANCE CO. LOANS TO BUSINESS LIABILITY OF-COHPORATE BUS. -NONCORP. BUS. U.S. GOVT. LOANS LIABILITY OFHOUSEHOLOS 1 2 3 4 5 6 NONFARM NONCORP. BUSINESS 7 CORPORATE BUSINESS 8 STATE ♦ LOCAL GOVTS. 9 SPONSORED CREDIT AGENCIES 10 REST OF THE WORLD 11 farm rusiness SPONSORED CR. AGENCIES LOANS LIABILITY OF FARM BUSINESS (FICB, NONFARM NONCORP. BUS. (BC) S*L ASSOCIATIONS (FHLB) 13 14 15 POLICY LOANS (HH. LIAB.) ASSETS-U.S. GOVERNMENT LIFE INSURANCE COS. 16 17 18 HYPOTHECATED DFPOSITS (HH. LIAB.) ASSET-COMMERCIAL BANKS 12 19 AUGUST* 1973 OTHEH LOANS OTHEH LOANS 126 open-market paper and other loans YEAR-END OUTSTANDTNGS. 1955-64 YEAR-END OUTSTANDINGS, 1955 1957 1956 1958 1959 1955-64 1960 1961 1962 1963 1964 SECTOR TOTALS 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 total liabilities NONFARM NONCORP. BUSINESS CORPORATE MuSINESS STATE AND LOCAL GOVERNMENTS REST OF THE WORLD 30*232 27.010 4.094 1.267 5.420 3.683 451 12.095 31.670 28.209 4.431 1.371 5.704 3.908 519 12.276 34.455 30.785 4.954 1.482 6.298 4.540 670 12.841 36.223 32.676 5.440 1.721 6.433 4.848 850 13.384 40.175 35.015 6.103 1.967 7.158 5.384 1.035 13.368 45.762 40.016 6.996 2.065 7.659 7.600 1.240 14.456 49.441 43.083 7.747 2.336 7.654 8.338 1.466 15.542 54.817 46.447 8.528 2.576 8.270 8.426 1.9 70 16.677 61.222 50.616 9.245 2.896 9.318 8.759 2.203 18.195 69.849 56.458 10.111 3.108 10.759 9.847 2.464 20.169 1 2 3 4 5 6 7 8 FINANCIAL SECTORS SPONSORED CREDIT AGENCIES COMMERCIAL RANKING SAVINGS ♦ LOAN ASSOCIATIONS FINANCE COMPANIES REITS 3.222 66 0 1.417 1.739 0 3.461 361 0 1.228 1.872 0 3.670 81 0 1.265 2.324 0 3.547 60 0 1.298 2.189 0 5.160 139 0 2.134 2.887 0 5.746 37 0 1.981 3.728 0 6.358 104 0 2.662 3.592 0 8.370 89 0 3.479 4.802 0 10.606 0 0 4.784 5.822 0 13.391 131 618 5.325 7.317 0 9 10 11 12 13 14 30.232 17 1.100 17.467 2.481 28 1.363 117 3.394 3.826 439 31.670 4 1.255 18.117 2.432 69 1.482 122 3.594 3.924 671 34.455 17 1.356 18.473 2.651 66 1.802 123 4.090 4.923 954 36.223 6 1.102 19.552 2.964 49 2.370 1 70 4.277 4.890 843 40.175 11 895 20.107 4.146 75 2.930 174 4,736 6.344 757 45.762 39 2.532 20.943 4.131 74 2.718 222 5.528 8.284 1.291 49,441 16 3.030 22.168 5.009 51 3.236 250 5.928 8.393 1.360 54.817 51 3.744 24.S33 6.054 110 3.189 350 6.583 8.816 1.387 61.222 54 4.595 26.349 7.723 162 3.363 291 7.043 10.205 1.437 69.849 12 6.255 29.211 8.530 94 4.075 350 7.399 11.685 1 ,b20 15 16 17 18 19 20 21 22 23 24 25 NONFINANCIAL SECTORS HOUSEHOLDS farm business TOTAL ASSETS HOUSEHOLDS CORPORATE BUSINESS U.S. GOVERNMENT SPONSORED CREDIT AGENCIES MONETARY AUTHORITY COMMERCIAL RANKING MUTUAL SAVINGS BANKS INSURANCE finance n.e.c. REST OF THE WORLD OPEN -MARKET PAPER 1 2 3 4 5 OPEN MARKET PaPER-TOTAL LIAB.* BY TYPE AND SECTOR DIRECTLY-PLACED PAPER FINANCE COMPANIES REITS bank affiliates 6 7 8 9 10 dealer-placed PAPER 11 12 13 14 15 BANKERS’ ACCEPTANCES REST OF THE WORLD NONFIN. BUSINESS NONCORPORATE CORPORATE 16 NONBANK CREDIT TO BANKS IN SECURITY RP’S 17 18 19 20 21 22 23 TOTAL HOLDINGS, BY SECTOR HOUSEHOLDS NONFIN. CORPORATIONS FEDERAL RESERVE commercial BANKING LIFE INSURANCE COS. INVESTMENT COMPANIES REST OF THE WORLD NONFIN. CORPORATIONS FINANCE COMPANIES REITS BANK AFFILIATES 2.743 3.217 4.053 4.041 4.353 6.524 7.369 8.650 9.680 12.445 1 1.533 1.533 0 0 1.686 1.686 0 0 2.132 2.132 0 0 1.911 1.911 0 0 2.525 2.525 0 0 3.139 3.139 0 0 2.975 2.975 0 0 3.912 3.912 0 0 4.862 4.862 0 0 6.219 6.219 0 0 2 3 4 5 568 362 206 0 0 564 378 186 0 0 614 422 192 0 0 936 658 278 0 0 677 315 362 0 0 1.358 769 589 0 0 1.711 1.094 617 0 0 2.088 1.198 89o 0 0 1.928 968 960 0 0 2.223 1.125 1.098 0 0 6 7 8 9 10 642 310 332 166 166 967 477 490 245 245 1.307 688 619 310 309 1.194 612 582 291 291 1.151 558 593 297 296 2.027 1.193 834 417 417 2.683 1.788 895 448 447 2.650 1.752 898 449 449 2.890 2.225 665 333 332 3.385 2.621 764 382 382 11 12 13 14 15 0 0 0 0 0 0 0 0 0 618 16 17 1.100 28 878 100 64 439 4 1.255 69 929 89 78 671 17 1.356 66 1.206 218 113 954 6 1.102 49 1.749 91 31 843 11 895 75 2.262 116 63 757 39 2.532 74 1.976 295 95 1.291 16 3.030 51 2.468 193 1 1.360 51 3.744 110 2.406 348 264 1.387 54 4.595 162 2.526 387 228 1.437 12 6.873 94 3.119 259 118 1.620 17 18 19 20 21 22 23 OTHER TYPES 3.762 2.471 1.291 3.84b 2.603 1.243 4.810 3.068 1.742 4.859 3.147 1.712 6.281 3.994 2.287 8.189 5.558 2.631 8.392 5.875 2.517 8.562 5.6*4 2.918 9.977 6.276 3.701 11.567 6.958 4.609 1 2 3 17.207 17.832 18.153 19.192 19.707 20.503 21.671 23.993 25.770 28.593 4 55 574 3.392 684 451 66 11.785 88 624 3.759 682 519 361 11.799 166 550 3.792 741 6 70 Bl 12.153 273 565 3.920 752 850 60 12.772 415 577 3.952 779 1.035 139 12.810 581 564 3.962 856 1.240 37 13.263 747 686 3.992 922 1.466 104 13.754 970 736 4.168 1.135 1.970 89 14.9?5 1.173 797 4.444 1.183 2.203 0 15.970 1.397 861 4.810 1.382 2.464 131 17.548 5 6 7 8 9 10 11 12 SPONSORED CR. AGENCIES LOANS liability OF13 FARM BUSINESS (FICB) 14 NONFARM NONCORP. BUS. (BC) 15 S*L ASSOCIATIONS (FHLB) 2.481 2.432 2.651 2.964 4.146 4.131 5.009 6.054 7.723 8,530 12 693 371 1.417 747 457 1 .228 932 454 1.265 1.156 510 1.298 1.390 622 2.134 1.501 649 1,981 1.650 697 2.662 1.840 735 3.479 2.099 840 4. 784 2.247 958 5.325 13 14 15 16 POLICY LOANS (HH. LIAB.) 17 ASSETS-U.S. GOVERNMENT IB LIFE INSURANCE COS. 3.554 260 3.294 3.790 285 3.505 4.192 320 3.872 4.546 3b0 4,186 5.020 400 4.620 5.673 440 5.233 6.232 497 5.735 6.7 75 54 0 6.235 7.235 579 6.656 7,758 618 7.140 16 17 18 485 553 596 621 668 742 768 78 3 837 956 19 1 FINANCE CO. LOANS TO BUSINESS 2 LIABILITY OE-CORPORaTE BUS. 3 -NONCORP. BUS. 4 5 6 7 8 9 10 11 19 U.S. GOVT. LOANS LIABILITY OFHOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUSINESS CORPORATE BUSINESS STATE ♦ LOCAL GOVTS. SPONSORED CREDIT AGENCIES REST OF ThE WORLD HYPOTHECATED OEPOSITS (HH. LIAB.) ASSET-COMMERCIAL BANKS MONEY AMOUNTS ARE IN MILLIONS UE DOLLARS AUGUST* 1973 OTHER LOANS OTHER LOANS Paper ano OPEN-MARKET 1965-7-2 YEAR-END OUTSTANDINGS. 1965 127 OTHER LOANS 1966 YEAR-ENO OUTSTANDINGS* 1967 1968 1970 1969 1971 1972 1973 1965-72 1974 sector totals TOTAL liabilities 1 2 3 4 5 6 7 8 78.263 61.741 11.049 3.457 12.425 10.504 2.777 21.529 87.867 67.316 11.943 3.852 14.097 11.716 3.404 22.304 94.326 74.513 13.263 4.498 14.740 13.150 3.579 25.283 107.524 83.004 15.314 4.688 15.759 15.966 3.993 27.284 137.335 98.343 18.299 5.294 17.229 23.086 4.739 29.696 143.288 107.939 20.900 5.941 18.219 26.321 4.816 31.742 147.527 113.016 22.273 6.683 18.708 26.290 5.181 33.881 157.922 118.466 23.603 7.146 19.122 28.771 5.526 34.298 9 10 11 12 13 14 16.522 336 1.686 5.997 8.503 0 20.551 103 1.490 6.935 12.023 0 19.813 36 1.340 4.386 14.051 0 24.520 283 2.349 5.259 16.629 0 38.992 0 8.167 9.289 21.536 0 35.349 0 3.025 10.615 21.709 0 34.511 0 3.710 7.936 22.085 780 39.456 0 6.107 7.979 22.130 3.240 15 16 17 18 19 20 21 22 23 24 25 78.263 3 6.725 32.028 9.568 187 3.759 348 7.990 13.987 1.982 87.867 2.751 6.500 34.256 11.148 193 3.745 450 9.513 15.609 2.212 94.326 626 10.678 37.964 9.303 16* 5,792 44& 10.547 15.220 2.247 107.524 1.355 14.343 41.289 10.490 58 4.410 518 11.763 17.730 2.826 137.335 6.114 18.865 44.746 15.296 64 4.891 834 15.190 23,893 3.820 143.288 4.59f 19.363 47.235 17.619 57 6.873 1.160 18.206 23.637 4.307 147.527 717 21.767 49.759 15.618 261 7.659 1.615 19.835 25.071 4.148 157.922 1.149 23.462 52,322 16.373 106 7.455 1.503 21.205 27.573 4,086 TOTAL ASSETS HOUSEHOLDS CORPORATE BUSINESS u.s. government SPONSORED CREDIT AGENCIES MONETARY AUTHORITY COMMERCIAL BANKING OPEN MARKET PAPER-TOTAL LIAB.* By TYPE AND SECTOR nonfinancial sectors HOUSEHOLDS farm business NONFARm nONCORP. business corporate business state and local governments REST OF THE WORLD 1 2 3 4 5 6 7 8 financial sectors 9 sponsored credit agencies 10 commercial banking 11 SAVINrS ♦ LOAN ASSOCIATIONS 12 FINANCE COMPANIES REITS mutuai savings banks INSURANCE FINANCE N.E.C. REST OF THE WORLD 13 14 15 16 17 IB 19 20 21 22 23 24 25 open-market paper 1 14.378 18.738 22.742 27.950 42.009 40.805 41.752 45.089 2 3 4 5 7.397 7.397 0 0 10.556 10.556 0 0 12.184 12.184 0 0 13.972 13.972 0 0 20.783 17.790 0 2.993 20.400 18.460 0 1.940 20.708 18.930 300 1.478 22.549 19.342 1.500 1.707 directly-placed paper 6 7 8 9 10 1.903 797 1.106 0 0 3.0»9 1.622 1.467 0 0 4.901 3.034 1.867 0 0 7.201 4.544 2.657 0 0 11.817 6.855 3.746 0 1.216 12.671 9.013 3.249 0 409 11.418 7.288 3.155 480 495 12.172 6.714 2.788 1.740 930 dealer-placed paper 11 12 13 14 15 3.392 2.501 891 446 445 3.603 2.540 1.063 532 531 4.317 3.013 1.304 652 652 4.428 2.854 1.574 787 787 5.451 3.169 2.282 1.141 1.141 7.058 3.968 3.090 1.545 1.545 7.889 4.270 3.619 1.810 1.809 6.898 3.204 3.694 1.847 1.847 16 1.686 1.490 1.340 2.349 3,958 6 76 1.737 3.470 FINANCE COMPANIES REITS BANK AFFILIATES NONFIN. CORPORATIONS FINANCE COMPANIES REITS BANK AFFILIATES BANKERS’ ACCEPTANCES REST OF THE WORLD NONFIN. BUSINESS noncorporate CORPORATE NONBANK CREDIT TO BANKS IN SECURITY HP'S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 TOTAL HOLDINGS. BY SECTOR 17 18 19 20 21 22 23 3 8.411 187 2.681 311 455 1.982 2.751 7.990 193 3.745 394 1.003 2.212 626 12.018 164 5.792 487 963 2.247 1.355 17.085 58 4.410 458 1.240 2.826 6.114 22.487 64 4.891 1.365 2.434 3,820 4.597 19.597 57 6.873 2.142 2.072 4.307 717 22,844 261 7.659 2.770 1.738 4.148 1.149 26.150 106 7.455 3.207 1.433 4.086 households NONFIN. corporations FEDERAL RESERVE COMMFRCIAL BANKING LIFE INSURANCE COS. INVESTMENT COMPANIES REST OF THE WORLD 17 18 19 20 21 22 23 UTHER TYPES 1 2 3 13.532 7.586 5.946 14.606 7.521 7.085 14.257 7.231 7.026 16.490 8.978 7.512 21.459 13.316 8.143 21.565 13.704 7.861 23.333 15.589 7.744 26.140 18.365 7.775 4 31.368 33.546 37.204 40.486 43.858 46.278 48.790 51.341 5 6 7 8 9 10 11 1.632 941 4.978 1.676 2.777 336 19.028 2.114 929 5.190 2.042 3.404 103 19.764 2.443 1.087 5.556 2.233 3.579 36 22.270 3.206 1.034 5.883 1.657 3.993 283 24.430 3.586 1.019 6.213 1.774 4.739 0 26.527 3.879 967 6.783 2.059 4.816 0 27.774 4.239 1.014 7.141 1.604 5.181 0 29.611 4.624 1.050 7.202 1.845 5.526 0 31.094 12 9.568 11.148 9.303 10,490 15,296 17.619 15.618 16.373 13 14 15 2.516 1.055 5.997 2.923 1.290 6.935 3.411 1.506 4.386 3.654 1.577 5,259 4.?75 1.732 9.289 4.974 2.030 10.615 5.669 2.013 7.936 6.096 2.298 7.979 16 17 18 8.339 660 7.679 9.829 710 9.119 10.820 760 10.060 12.108 803 11.305 14.713 888 13.825 17.021 957 16.064 18.034 969 17.065 18.979 981 17.998 19 1.078 0 0 0 0 0 0 0 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. FINANCE CO. LOANS TO BUSINESS LIABILITY OF-CORPORATE BUS. -NONCORP. BUS. 1 2 3 4 U.S. GOVT. LOANS LIABILITY ofHOUSEHOLOS 5 FARM BUSINESS 6 NONFARm NONCORP. BUSINESS 7 CORPORATE BUSINESS 8 STATE ♦ LOCAL GOVTS. 9 SPONSORED CREOIT AGENCIES 10 REST OF THE WORLD 11 SPONSORED CR. AGENCIES LOANS LIABILITY OFFARM rUSINESS (FICB) NONFARM NONCORP. BUS. (BC) S*L ASSOCIATIONS (FHLB) 13 14 15 POLICY LOANS (HH. LIAB.) ASSETS-U.S. GOVERNMENT LIFE INSURANCE COS. 16 17 18 HYPOTHECATED DEPOSITS (HH. LIAB.) ASSET-COMMERCIAL BANKS 12 19 AUGUST* 1973 SECURITY CREDIT, TRADE CREDIT, AND TAXES SECURITY CREDIT* TRADE CREDIT* AND TAXES SECURITY CRFDIT, TRADE CREDIT* AND TAXES PAYABLE 128 YEAR-END OUTSTANDINGS, 1945-54 YEAR-END OUTSTANDINGS, 1945 1946 1947 1949 1948 1950 1945-54 1951 1952 1953 1954 SECURITY CREDIT 1 2 3 4 5 6 7 8 9 10 11 12 13 8.794 4.861 36 4.514 2.195 3? 3.361 1.831 27 3.560 1.547 24 4.354 1.819 26 5.432 2.519 32 5.030 2.393 35 5.661 2.569 36 6.513 3.032 36 8.647 4.131 66 1 2 3 3.897 3.178 719 2.287 1.524 763 1.503 8.3n 673 1.989 1.344 645 2.509 1.813 696 2.881 1.902 979 2.602 1.704 898 3.056 2.260 796 3.445 2.661 784 4,450 3.329 1.121 4 5 6 HOUSEHOLDS COMMERCIAL ranking TO BROKERS AND DEALERS TO DTHFHS 8.794 615 6.823 3.178 3.645 4.514 654 3.157 1.524 1 .633 3.361 581 2.052 830 1.222 3.560 575 2.310 1.344 966 4.354 623 2.689 1.813 876 5.432 892 2.961 1.902 1.059 5.030 814 2.711 1 .704 1.007 5.661 714 3.363 2.260 1.103 6.513 708 3.863 2.661 1.202 8.647 1.020 4.854 3.329 1.525 7 8 9 10 11 BROKERS AND DFALERS HEST OF THE WORLD 1.252 104 594 10R 636 92 605 70 969 73 1 .4R2 87 1.421 84 1,502 82 1.866 76 2.672 101 12 13 TOTAL LIABILITIES HOUSEHOLDS REST OF WORLD BROKERS AND DEALERS SECURITY LOANS FROM RANK'S customer credit balances total assets TRADE CREDIT 1 2 3 4 5 6 7 8 9 10 TOTAL LIABILITIES HOUSEHOLDS EARM BUSINESS NONCORP. BUS. NET PAYABLES LIABILITY ASSET CORPORATE business U.S. GOVERNMENT STATE ♦ LOCAL GOVERNMENTS REST OF THE WORLD 11 12 13 14 15 TOTAL ASSETS CORPORATE BUSINESS U.S. GOVERNMENT 16 DISCREPANCY nonliff insurance REST OF THE WORLD (1-11) 16.048 504 586 -2.841 3.277 6.118 20.506 569 643 -2.355 4.938 7.293 23.996 656 873 -2.040 5.871 7.911 26.820 738 1.21? -1.428 6.881 8.310 26.828 779 1.406 -1.409 7.136 8.545 36.617 879 1.689 -1.530 8.581 10.111 39.488 879 2.125 -1.597 8.669 10.266 41.508 1.117 2.270 -2.016 9.524 11.540 41.270 1.179 2.053 -1.709 10.343 12.052 45.501 1.267 2.154 -26 12.115 12.141 1 2 3 4 5 6 14.125 2.679 632 363 19.881 666 778 324 23.172 n 929 406 24.793 0 1.078 428 24.451 0 1.178 423 32.788 1.100 1.278 413 33.648 2.700 1.278 455 35.502 2.775 1.378 482 35.206 2.600 1.478 463 37,580 2.366 1.628 532 7 8 9 10 22.621 20.951 900 361 409 24.659 23,676 100 478 405 29.785 28.808 0 578 399 32.114 31.097 0 652 365 31.311 30.267 0 723 321 42.034 40.542 400 740 352 46.569 44.043 1.300 850 376 50.636 47.020 2.251 948 417 49.775 46.188 2.214 1.006 367 53,494 49.648 2.445 1.064 337 11 12 13 14 15 -6.573 -4.153 -5.789 -5.294 -4.483 -5.417 -7.081 -9.128 -8.505 -7.993 16 PROFIT taxes payable 1 2 3 4 5 6 7 8 9 total taxes payable NONFINANCIAL CORPORATIONS FEDERAL RESERVE COMMERCIAL BANKS SAVINGS ♦ LOAN ASSNS. LIFE INSURANCE COMPANIES OTHER INSURANCE COMPANIES FINANCE COMPANIES BROKERS ♦ DEALERS 10 11 12 TOTAL TAXES RECEIVABLE U.S. GOVERNMENT S, ♦ L. GOVERNMENTS 13 DISCREPANCY 11.414 10.828 143 338 0 26 44 25 10 9.407 8.807 143 354 0 22 34 34 13 11.755 11.264 143 244 0 2 44 52 6 12.756 12.118 143 292 0 2 117 79 5 10.589 9.738 143 336 0 47 217 100 8 18.263 17.252 143 453 0 76 162 165 12 23.163 21.922 143 615 0 133 128 212 10 20.248 18.672 142 793 8 149 218 246 20 21.330 19.271 156 967 10 231 355 319 21 17.747 15.988 125 941 7 183 246 235 22 1 2 3 4 5 6 7 8 9 10.250 9.770 480 8.856 7.958 898 11.359 10.306 1.053 12.323 11.215 1.108 10,198 9.156 1.042 17.619 16.402 1.217 22.608 21.264 1.344 18.921 17.627 1.294 19.445 18.159 1.286 16.439 15.236 1.203 10 11 12 1.164 551 396 433 391 644 555 1.327 1.885 1.308 13 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST* 1973 SECURITY CRhDIT, I HADE TREOTT, ANU TAXES SECURITY CREDIT, TRADE CREDIT, SECURITY CREDIT , year-fnd outstandi NOS, 1 955 129 1955'-64 1 956 AND TAXES TRADE CREDIT, and taxes payable YEAR-END OUTSTANDINGS , 1957 1959 1958 I960 1961 1962 1963 1964 1955-64 StCUWITY CREDIT 10.447 5.522 77 10.510 5.536 87 10.864 5.398 84 13.113 6.7?6 121 13.911 6.610 85 16.664 8.567 108 16.830 8.362 91 3.301 9p6 4.848 3.573 1.275 4.887 3.791 1.096 5.38? 4.133 1.249 6.256 4.915 1.341 7.216 5,878 1.338 7.989 6.408 1.581 8.377 6.592 1.785 1 .691 8.712 894 4.9?1 3.301 1 .620 10.447 1.156 5.402 3.573 1.829 10.510 989 5.641 3.791 1.850 10.864 1.137 5.966 4.133 1.833 13.113 1.192 7.049 4.915 2.134 13.911 1.226 8.009 5.878 2.131 16.664 1.472 8.988 6.408 2.580 16.830 1.669 9.435 6.592 2.843 3.14? 86 2.805 92 3.770 119 3.773 107 3.649 112 4.723 149 4.564 112 6.095 109 5.610 116 1 2 3 9.628 R.991 8.712 4.rtlh 4.773 60 4.368 66 4 5 6 4.746 3.76 3 98 3 4.15a 3.190 96a 4.287 7 a 9 10 11 9.6?8 a.991 “99 5.537 3.763 1.774 4.881 3.190 12 13 3.1 <>8 84 88? 60 total liabilities HOUSEHOLDS REST OF WORLD 1 2 3 BROKERS AND DEALERS SECURITY LOANS FROM BANKS CUSTOMER CREDIT BALANCES 4 5 6 TOTAL ASSETS HOUSEHOLDS commercial banking TO BROKERS ANO DEALERS TO OTHERS BROKERS ANO DEALERS REST OF THE WORLD 7 8 9 10 11 12 13 TRADE CREDIT 13.54? 63.699 1.616 2.636 1.637 14.669 13.032 67.647 1.770 3.076 1.077 15.205 14.128 74.100 2.067 3.499 1.304 15.176 13.872 78.989 2.080 3.658 1.803 15.356 13.553 84.179 2.2?8 3.924 2.205 16.053 13.848 89.348 2.382 4.497 2.158 15.806 13.648 97.383 2.547 5.114 1.837 15.395 13.558 105.209 2.815 5.453 1.433 15.320 13.887 46.318 2.283 1.778 586 50.588 2.608 1 .878 728 52.147 2.769 2.078 816 55.820 2.832 2.278 794 61.072 2.903 2,378 877 64.135 3.145 2.457 1 .711 67.871 3.380 2.669 1.902 71.682 3,661 2.801 2.167 79.086 3.562 3.046 2.191 85.993 3.359 3.319 2.837 11 12 13 14 15 63.085 59.281 2.274 1.186 374 69.007 64.885 2.350 1 .291 481 70.516 66.238 2.261 1.451 566 76.047 72.225 1.723 1 .599 500 82.415 78.247 1.722 1.782 664 86.575 82.255 1.790 1 .934 596 92.575 87.973 1.776 1.993 833 97.561 92.550 2.005 2.201 805 104.386 98.790 2.490 2.332 774 113.005 106.980 2.734 2.484 807 16 -7.089 -8.260 -6.817 -8.400 -8.315 -7.586 -8.396 -8.213 -7.003 -7,796 DISCREPANCY 1 2 3 4 5 6 55.996 1 .35 0 2.335 1 .346 13.523 12.177 60.747 1 .493 7 8 9 10 2.401 1.051 14.593 TOTAL LIABILITIES HOUSEHOLDS FARM business NONCORP, BUS. NET PAYABLES LIABILITY ASSET CORPORATE BUSINESS U.S. GOVERNMENT STATE ♦ LOCAL GOVERNMENTS REST OF THE WORLO TOTAL ASSETS CORPORATE BUSINESS u.s. government NONLIFE INSURANCE REST OF THE WORLD (1-11) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 PROFIT TAXES payable 26? 18 276 18 17.726 15.971 120 952 7 264 lol 286 25 15.181 13.378 105 929 5 348 166 217 33 17.61? 15.817 408 469 6 434 145 283 50 16.113 13.615 134 1 .468 6 418 139 285 48 16.503 14.995 116 577 5 386 106 255 63 18.003 15.941 115 1.072 6 440 114 287 28 19.180 17.508 124 621 89 434 92 255 57 20.428 18.007 662 834 101 552 37 175 60 TOTAL TAXES PAYABLE NONFINANCIAL CORPORATIONS FEDERAL RESERVE COMMERCIAL BANKS SAVINGS ♦ LOAN ASSNS. LIFE INSURANCE COMPANIES OTHEH INSURANCE COMPANIES FINANCE COMPANIES BROKERS ♦ DEALERS 16.769 15.385 1 .384 14.420 13.125 1.295 11.977 10.742 1 .235 14.533 13.173 1.360 13.102 11.738 1.364 13.869 12.460 1.409 14.799 13.297 1.502 16.828 15.144 1.684 18.147 16.242 1.905 TOTAL TAXES RECEIVABLE U.S. GOVERNMENT S. ♦ L. GOVERNMENTS 10 11 12 2.962 3.306 3.204 3.079 3.011 2.634 3.204 2.352 2.281 DISCREPANCY 13 1 2 3 4 5 6 7 8 9 21 .487 20.085 1*2 565 8 222 165 274 26 1R.731 18.102 177 871 10 11 12 1 8.91 4 17.521 1.393 13 2.573 MONFY AMOUNTS ARE 7 In millions OF dollars. 1 2 3 4 5 6 7 8 9 AUGUST. 1973 SECURITY CPFI'IT, TRADE CREDTT, AND TAXES SECURITY CREDIT, TRADE CREDIT, AND TAXES SECURITY CRFDIT, TRADE CREDIT, AND TAXES PAYABLE 130 YEAR-EnD OUTSTANDINGS, 1965-72 YEAR-END OUTSTANDINGS, 1965 1966 1967 1969 1968 1970 1971 1972 1973 1965-72 1974 SECURITY CREDIT I 2 3 4 5 6 7 8 9 10 11 12 13 TOTAL LIABILITIES HOUSEHOLDS REST OF WORLD brokers and 17.954 9.098 119 18.729 9.025 128 25.752 12.709 298 32.334 15.627 508 25.678 12.227 278 24.879 10.447 279 28.655 13.056 312 37,509 17.728 396 1 2 3 8.737 6.046 2.691 9.576 6.671 2.905 12.745 7.491 5.254 16.199 8.524 7.675 13.173 7.518 5.655 14.153 9.450 4.703 15.287 10.102 5.185 19.385 14.027 5.358 4 5 6 17.954 2.533 9.277 6.046 3.231 18.729 2.730 9.874 6.671 3.203 25.752 4.943 11.334 7.491 3.843 32.334 7.039 12.654 8.524 4.130 25.678 5,221 11.545 7.518 4.0?7 24.879 4.354 12.986 9.450 3.536 28.655 4.874 13.761 10.102 3.659 37.509 4.992 18.518 14.027 4.491 7 8 9 10 11 5.986 158 5.950 175 9.164 311 12.005 636 8.478 434 7.190 349 9.709 311 13.633 366 12 13 1 2 3 dfalebs SECURITY LOANS FROM HANKS CUSTOMER CRFDIT BALANCES TUTAL ASStTS HOUSEHOLDS COMMERCIAL BANKING TO BROKFRS AND DEALERS TO others BROKFRS ANO DEALERS REST OE THF WORLD TRADE CREDIT 1 2 3 4 5 6 7 8 9 10 TOTAL LIABILITIES HOUSEHOLDS FARM BUSINESS NONCORP. BUS. NFT PAYABLES L IABILITY ASSET CORPORATE BUSINESS u.s. government STATE ♦ LOCAL GOVERNMENTS REST OF THE WORLD 11 12 13 14 15 TOTAL ASStTS 16 DISCREPANCY corporate bustness U.S. GOVERNMENT NONLIFE INSURANCE REST OF THF WORLD (1-11) 118.220 3.044 6.146 69? 14.732 14.040 130.315 3.323 7.012 -478 13.976 14.454 141.402 3.729 7.828 211 15.162 14.951 160.27? 4.218 8.091 106 13.960 13.854 180.595 4.707 8.782 -1.033 13.378 14.411 187.229 5.234 9.749 -1.970 12.877 14.847 191.793 5.725 10.960 -3.112 12.074 15.186 207.533 6.210 11.960 -3.361 11.776 15.137 98.124 3.866 3.691 2.657 108,742 4.535 4.18? 2.999 116.178 5.104 4.820 3.53? 133.393 5.103 5.430 3.931 152.204 4.775 5.944 5.216 157.485 4.193 6.359 6.179 161.071 3.516 6.928 6.705 174.545 3.398 7.525 7.256 7 8 9 10 127.695 120.967 3.12? 2.649 957 141.655 132.968 4.371 2.898 1.418 152.139 141.310 5.839 3.176 1.814 172.585 159.960 6.414 3.476 2.735 198.310 182.689 7.333 3.898 4.390 206.515 189.810 6.586 4.370 5.779 210.835 195,439 4,852 4.661 5.883 230.872 215.189 4.033 4.950 6.700 11 12 13 14 15 -9,475 -11.340 -10.737 -12.313 -17.715 -19.286 -19.042 -23.339 16 4 5 6 PROFIT TAXES PAYABLE 1 2 3 4 5 6 7 8 9 TOTAL TAXES PAYABLE NONFINANCIAL CORPORATIONS federal RESERVE COMMERCIAL banks SAVINGS ♦ LOAM ASSNS. LIFE INSURANCE COMPANIES OTHER INSURANCE COMPANIES FINANCE COMPANIES BROKERS ♦ DEALERS 10 11 12 total 13 DISCREPANCY taxes recfivarle U.S. GOVERNMENT S. ♦ L. governments 22.115 20.169 160 702 104 532 93 262 93 22.274 20.374 159 671 60 592 95 228 95 17.371 15.647 176 590 57 481 97 172 151 20.392 18.508 176 539 81 643 75 171 199 17.301 15.202 205 617 87 698 126 219 147 14.176 11.472 225 957 105 823 193 251 150 15.980 13.345 192 930 150 796 150 277 140 16.674 13.956 171 730 273 811 270 298 165 1 2 3 4 5 6 7 8 9 19.455 17.402 2.053 18.950 16.680 2.270 14.817 12.293 2.524 17.180 13.99? 3.188 13.986 11.438 2.548 10.779 9.089 1.690 12.408 10.422 1.986 13.397 10.922 2.475 10 11 12 2.660 3.324 2.554 3.212 3.315 3.397 3.572 3.277 13 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST, 1973 MISCELLANEOUS I MISCELLANEOUS I 131 MISCELLANEOUS FINANCIAL CLAIMS YEAR-END OUTSTANOINGS, YEAR-END OUTSTANDINGS, 1945-54 1945-54 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1 2 3 4 5 28.437 638 2.507 4.610 9.500 29.074 703 2.503 4.575 9.337 31.838 784 2.603 4.319 10.428 34.520 835 2.787 4.033 11.705 37.202 904 2.941 3.573 12.564 42.971 1.007 3.391 3.316 15.812 44.370 1.086 3.658 3.274 15.620 48.640 1.162 3.945 2.931 17.570 51.937 1.254 4.251 2.691 18.907 56.242 1.341 4.633 2.481 20.614 6 7 8 9 11.182 1.102 717 2.516 11.956 886 661 2.529 13.704 927 844 2.849 15.160 957 819 3.361 17.220 1.046 1.086 4.004 19.445 1.093 1.454 4.844 20,732 1.259 1.002 5.239 23.032 1.334 1.080 5.684 24.834 1.548 1.115 5.797 27.173 1.941 1.134 6.390 TOTAL FINANCE SPONSORED CREDIT AGENCIES MONETARY AUTHORITIES COMMERCIAL BANKING 10 11 12 13 14 357 #7 2.862 3.581 0 360 61 3.162 4.297 0 335 71 3.557 5.121 0 260 80 3.823 5.860 0 267 95 4.211 6.511 0 399 138 4.487 7.030 0 288 154 4.878 7.912 0 346 164 5.508 8.916 0 392 203 6.038 9.741 0 436 261 6.701 10.310 0 mutual savings banks life insurance companies nonlife insurance cos. 15 16 17 18 19 20 21 26.467 6.251 728 768 7.678 1.480 5.829 27.717 7.054 785 908 7.971 1.230 6.038 30.305 7.592 869 1.070 9.373 1.315 6.133 32.189 7.987 959 1.203 10.827 1.221 6.034 34.225 8.357 1.035 1.303 12.093 1.257 5.991 37.299 8.692 1.068 1.393 13.263 1.252 6.837 41.214 9.276 1.127 1.544 14.728 1.210 7.996 45.026 10.003 1.214 1.748 16.560 1.211 8.270 48.538 10.609 1.291 1.938 18.186 1.179 8.677 52.435 10.946 1.364 2.133 19.650 1.350 9.165 22 23 24 3.733 27 1.129 3.731 50 1.181 3.953 43 1.402 3.958 12 1.535 4.189 40 1.608 4.794 14 1.888 5.333 13 1.969 6.020 36 2.101 6.658 160 2.225 7.827 243 2.706 25 26 27 28 29 30 525 194 958 900 0 0 530 184 1.034 752 0 0 543 234 1.104 627 0 0 622 42 1.245 502 0 0 788 34 1.337 382 0 0 847 47 1.586 412 0 0 1.022 111 1.776 442 0 0 1.294 133 1.942 514 0 0 1.553 138 2.087 495 0 0 1.907 185 2.283 503 0 0 31 1.970 1.357 1.533 2.331 2.977 5.672 3.156 3.614 3.399 3.807 TOTAL LIABILITIES HOUSEHOLDS CORPORATE BUSINESS u.s. government REST OF the world SAVINGS ♦ LOAN ASSNS. REITS total assets HOUSEHOLDS FARM BUSINESS NONFAHM NONCORP. BUSINESS CORPOKATE business U.S. GOVERNMENT REST OF THE WORLO TOTAL FINANCE SPONSORED CR. AGENCIES commercial banking 512 411 101 364 195 169 546 250 296 725 262 463 1.088 391 697 1.426 552 8 74 1.886 715 1.171 2.021 661 1.360 1.952 570 1.382 35 36 37 38 39 480 33 402 41 4 353 68 212 70 3 535 51 324 156 4 389 10 227 149 3 449 10 287 148 4 618 57 322 233 6 489 91 336 53 9 498 75 337 76 10 498 114 305 66 13 40 3.014 3.379 3.523 3.442 3.302 3.035 2.813 2.656 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 private pension funds 28 S. ♦ L. GOVT., RTR. FUNDS 29 REITS 30 SAVINGS ♦ LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES UNALLOCATED* NET (A) 32 33 34 1 2 3 4 5 COML. BANK LIA . TO FGN. AFFILIATES 2.092 ASSET-REST OF THE WORLD 509 LIAB- COMMERCIAL BANKS FOREIGN BANKING AG. 1.583 FOREIGN1 CURRENCY EXCEPT OFFICIAL — LIABILITY-REST OF THE WORLD 711 158 ASSETCORPORATE BUSINESS U.S. GOVERNMENT 412 126 COMMERCIAL BANKS FOREIGN BANKING AG. 15 POSTAL SAVINGS DEPOSITS (U.S. GOVT. LIAB.) 2.239 ASSET - HOUSEHOLDS 2.465 (8) 31 DEPOSITS 32 33 34 35 36 37 38 39 40 EQUITIES DIRECT FGN. INVESTMENT BY U.S. CORP. LIAB.-REST OF THE WORLO 41 17.626 DIRECT INVESTMENT IN U.S. ASSET-REST UF THE WORLD 42 4.633 41 7.227 7.227 8.366 9.625 10.700 11.788 13.089 14.819 16.286 42 2.507 2.503 2.603 2.787 2.941 3.391 3.658 3.945 4.251 43 635 635 635 635 635 635 635 635 635 635 44 46 70 98 133 267 224 261 420 558 DEPOSITS AT FHLB (S*L ASSNS.-ASSET) 8 02 LlABILITY-SPONSORED CR. AGS 44 45 46 700 443 613 383 583 356 604 359 599 335 606 295 649 239 698 239 758 239 898 303 47 48 49 50 5 180 72 0 6 140 84 0 10 116 lol 0 13 115 117 0 14 117 133 0 15 119 177 0 17 122 271 0 18 126 315 0 19 132 368 0 20 137 438 0 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. U.S . GOVT. EUUITY IN IBRD, ETC. LIABILITY-REST OF THE WORLD 43 EQUITIES In U.S. G. CR. AG. u.s. government PRIVATE NONFaRm NONCORP. (BC) FARM BUS. (FICB ♦ FLB) S*L ASSNS. (FHLB) CORPORATE BUS. (FNMA) 45 46 47 48 49 50 AUGUST. 1973 MISCELLANEOUS I MISCELLANEOUS I 132 MISCELLANEOUS FINANCIAL CLAIMS YEAR-END OUTSTANDINGS. YEAR-ENO OUTSTANDTNGS. 1955-64 1 2 3 * 5 6 7 8 9 10 11 12 13 1* 15 16 17 18 19 20 21 22 23 2* 25 26 27 28 29 30 31 35 36 37 38 39 40 196* 1955 1956 1957 1958 1959 I960 1961 60.881 1.482 5.076 2.222 22.705 68.0*6 1.669 5.*59 2.003 26.963 73.589 1.8*3 5.710 1.709 30.196 78.953 1.969 6.115 1.537 32.176 83,693 2.187 6.604 1.3*8 3*.898 89.252 2.379 6.910 1.161 37.476 98.029 2.512 7.392 1.037 *0.935 102.853 2.667 7.bi2 815 **.566 110.560 2.853 7.94* 687 *7.535 120.601 3.039 8.363 556 53.123 1 2 3 * 5 SPONSORED CREOIT AGENCIES MONETARY AUTHORITIES COMMERCIAL BANKING 29.396 1.879 1.188 7.167 31.952 2.103 955 8.200 3*.131 2.325 883 8.*30 37.156 2.559 1.104 9.349 38.656 2.5*5 985 9.356 41.326 3.110 1.131 9.267 *6.153 3.501 1.021 11.726 *7.193 3.61* 1.0*1 10.810 51.5*1 3.560 1.000 13.136 55.520 3.671 1.320 1A.330 6 7 8 9 SAVINGS ♦ LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES NONLIFE INSURANCE COS. REITS *73 310 7.3*5 11.03* 0 533 369 8.009 11.783 0 619 *26 8.6*8 12.800 0 707 526 9.255 13.656 0 868 606 9.496 14.800 0 960 678 10.459 15.721 0 1.129 781 11.*50 16.5*5 0 1.211 8?8 12.**0 17.2*9 0 1.397 9*3 13.182 18.323 0 1.619 989 13.992 19.599 0 10 11 12 13 1* 56.30* 11.*13 l.*72 2.283 21.*78 1.661 9.931 63.087 11.733 1.551 2.*13 2*.721 2.236 10.939 69.376 12.0*1 1.618 2.586 28.366 2.883 11.11* 74.383 12.317 1.684 2.709 30.953 3.167 11.824 80.222 12.821 1.782 2.896 33.999 3.411 12.997 88.159 13.297 1.846 3.035 37.636 4.086 13.721 9*.398 13.826 1.931 3.201 *0.11* *.395 1*.177 100.537 1A.301 1.965 3.329 *3.790 *.588 l*.0?l 108.278 I*.830 2.125 3.5*5 *7.538 *.87* 15.*7* 117.95* 15.710 2.317 3.799 51.92* *.788 16.53* 15 16 17 18 19 20 21 SPONSORED CR. AGENCIES COMMERCIAl BANKING 8.066 170 2.60* 9,*9* 119 3.25* 10.768 219 3.810 11.729 213 4.084 12.316 247 4.002 14.538 299 5.088 16.75* 329 5.856 18.5*3 360 6.50* 19.892 28* 6.759 22.882 266 8.293 22 23 2* SAVINGS ♦ LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES PRIVATE PFNSION FUNDS S. ♦ L. GOVT.. RTR. FUNOS REITS 1.9*4 195 2.*77 676 0 0 2.202 219 2.795 905 0 0 2.*30 276 3.0*6 987 0 0 2.814 339 3.258 1.021 0 0 2.985 286 3.628 1.168 0 0 3.489 345 3.943 1.37* 0 0 *.390 *21 *.291 I.*67 0 0 *.978 *76 *.567 1.658 0 0 5.520 662 *.919 1.7*8 0 0 6.293 7*1 5.261 2.028 0 0 25 26 27 28 29 30 *.577 *.959 *.213 *.570 3.471 1.093 3.631 2.316 2.282 2.6*7 31 2.188 553 1.635 2.551 614 1.937 2.356 331 2.025 2.5*6 292 2.254 2.591 525 2.066 3.503 9*8 2.555 3.770 1.033 2.737 3.661 851 2.810 *.033 1.000 3.033 *.593 1.118 3.*75 32 33 3* 968 129 723 102 14 1.488 138 1.266 64 20 2.096 131 1.845 79 41 2.424 149 2.139 120 16 2.642 132 2.382 114 14 3.202 1*8 2.892 1** 18 3.5*8 236 3.036 25* 22 *•16* 790 3.113 2*2 19 *.*83 731 3,392 3*0 20 *.781 1.097 3.321 3*1 22 35 36 37 38 39 (U.S. GOVT. LIAB.) 1.984 1.740 1.413 1.220 1.031 8** 720 601 508 *36 *0 22.177 25.238 27.255 29.735 32.7** 3*.66* 37.226 *0.686 **.386 *1 5.459 5.710 6.115 6.604 6.910 7.392 7.612 7.9** 8.363 *2 670 670 670 670 82* 995 1.117 1.179 1.229 *3 TOTAL LIABILITIES HOUSEHOLDS CORPORATE BUSINESS U.S. GOVERNMENT REST OF The world total finance TOTAL ASSETS households FARM BUSINESS NONFARM NONCORP. BUSINESS CORPORATE BUSINESS U.S. GOVERNMENT rest of the world total FINANCE UNALLOCATED. NET (A) 32 33 34 1955-6* 1963 OEPOSITS COML. BANK LIAB. TO FGN. AFFILIATES ASSET-REST nF THE WORLD LIAB- COMMERCIAL BANKS FOREIGN BANKING AG. FOREIGN CURRENCY EXCEPT OFFICIAL — LIABILITY-RFST of the world ASSETCORPORATE BUSINESS U.S. GOVERNMENT commercial banks FOREIGN BANKING AG. POSTAL SAVINGS DEPOSITS ASSET - HOUSEHOLDS (B) 1962 EQUITIES *2 OIRECT FGN. INVESTMENT BY U.S. CORP, LIAB.-REST OF THE WORLD 19.313 OIRECT INVESTMENT IN U.S. ASSET-REST OF THE WORLD 5.076 *3 U.S. GOVT. EQUITY IN IBRD. ETC. LIABILITY-hfST OF THE WORLD 635 44 OEPOSITS AT FWLB (S*L ASSNS.-ASSET) LIABILITY-SPONSORED CR. AGS 698 683 653 819 589 938 1.180 1.213 1.151 1.199 ** 990 303 1.102 300 1.283 368 1.379 358 1.514 359 1.690 370 1.835 36* 1.38* 358 1.902 303 1.930 238 *5 *6 21 148 516 2 21 161 607 13 26 172 685 32 32 182 769 38 40 198 866 51 *8 211 989 72 57 227 1.107 80 69 2*1 1.126 90 82 256 1.171 90 95 279 1.227 91 *7 *8 *9 50 41 *5 46 47 48 49 50 EQUITIES IN U.S. G. CR. AG. U.S. GOVERNMENT PRIVATE NONFARM NONCORP. (9C) FARM BUS. (FICB ♦ FLB) S*L ASSNS. (FHLB) CORPORATE BUS. (FNMA) MONEY AMOUNTS ARh IN MILLIONS OF DOLLARS, AUGUST* 1973 MISCELLANEOUS I MISCELLANEOUS I 133 MISCELLANEOUS FINANCIAL CLAIMS YEAR-END OUTSTANOTNGS, 1965 YEAR-ENO OUTSTANDINGS* 1965-72 1966 1967 1968 1969 1970 1971 1972 1 2 3 4 5 130.950 3.303 8.797 599 57.596 144.789 3.659 9.054 791 62.215 157.647 3.947 9.923 1.044 66.512 175.366 4.302 10.815 1.240 71.015 206.003 4.688 11.818 942 76.629 218.849 5.118 13.270 329 83.199 229.358 5.436 13.704 336 90.705 254.391 5.976 14.526 337 98.200 6 7 8 9 60.655 3.787 1.283 16.415 69.070 3.976 1.198 21.397 76.221 4.447 1.247 23.654 87.994 4.194 1.338 31.231 111.926 4.548 1.837 48.974 116.933 7.092 2.223 45.241 119.177 6.111 2.051 42.495 135.352 6.393 1.027 51.795 10 11 12 13 14 1.733 1.124 15.168 21.145 0 2.071 1.113 16.385 22.930 0 2.403 1.260 18.204 25.006 0 2.709 1.372 19.662 27.472 16 3.025 1.585 21.093 30.817 47 3.567 1.689 22.777 34.235 109 3.865 1.809 24.864 37.805 177 4.576 2.024 27.724 41.485 328 15 16 17 18 19 20 21 126.599 16.983 2.497 4.083 56.877 4.679 16.582 139.714 18.199 2.704 4.442 62.262 4.430 20.035 152.607 19.848 2.967 4.844 67.443 4.336 22.115 168.178 21.645 3.346 5.326 72,158 4.113 25.909 189.093 23.763 3.782 5.998 78.093 4.204 34.276 204.621 26.347 4.271 6.682 85,064 4.427 29.106 214.723 28.651 4.839 7.476 94,184 4.493 22.771 235.435 31.328 5.332 8.198 100.858 4.599 26,826 22 23 24 24.898 335 8.781 27.642 275 9.985 31.054 257 10.682 35.681 251 14.071 38.977 342 16.457 48.724 1.294 21.501 52.309 1.848 22.720 58.294 2.493 25.798 25 26 27 28 29 30 6.902 840 5.731 2.309 0 0 7.242 966 5.967 3.207 0 0 8.105 1.115 6.851 4.044 0 0 8.028 1.367 7.468 4.396 0 100 7.581 1.325 8.330 4.720 0 222 9.788 1.697 9.151 4.735 0 558 10.025 2.237 10.069 4.803 0 607 10.213 3.021 11.076 4.580 0 1.113 31 4.351 5.075 5.040 7.188 16.910 14,228 14.635 18.956 1973 1965-72 1974 TOTAL LIABILITIES HOUSEHOLDS CORPORATE BUSINESS U.S. government REST OF THE WORLD total finance SPONSOREO CREDIT AGENCIES MONETARY AUTHORITIES commercial banking SAVINGS * LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES NONI.IFF INSURANCE COS. REITS TOTAL ASSETS households FARM BUSINESS nonfarm noncorp, business CORPORATE BUSINESS U.S. government REST OF THE WORLD TOTAL FINANCE SPONSORED CR. AGENCIES 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 commercial banking 22 23 24 SAVINGS ♦ LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS S. ♦ L. GOVT., RTR. FUNDS REITS 25 26 27 28 29 30 UNALLOCATED* NET (A) 31 DEPOSITS 32 33 34 4.665 1.383 3.282 7.607 4.036 3.571 8.310 4.241 4.069 10.628 6.039 4.589 18,564 12.822 5.742 11.625 5.655 5.970 7.556 903 6.653 8.489 1.400 7.089 COML. BANK LlAb. TO FGN. AFFILIATES ASSET-REST OF THE WORLD LIAB- COMMERCIAL BANKS FOREIGN BANKING AG. 32 33 34 35 36 37 38 39 4.250 781 3.161 282 26 4.012 885 2.818 279 30 4.084 1.055 2.663 328 38 4.567 1.587 2.603 337 40 4.235 1.306 2.510 363 56 4.710 931 2.498 450 831 6.058 2.318 2.312 625 803 9.639 4.102 2.148 854 2.535 FOREIGN CURRENCY EXCEPT OFFICIAL — LIABILITY-REST OF THE WORLD ASSETCORPORATE BUSINESS u.s. GOVERNMENT COMMERCIAL BANKS FOREIGN BANKING AG. 35 36 37 38 39 40 352 135 25 25 25 25 25 25 POSTAL SAVINGS OEPOSITS (U.S. GOVT. LIAB.) ASSET - HOUSEHOLDS (B, 40 EQUITIFS 41 49.233 53.926 58.255 61.623 66.627 72.966 79.6?9 83.345 42 8.797 9.054 9.923 10.815 11.818 13.270 13.704 14.526 DIRECT FGN. INVESTMENT BY U.S. CORP. LIAB.-rest op THE WORLD 41 OIRECT INVESTMENT In U.S. asset-rest OP THE WORLD 42 43 1.290 1.290 1.373 1.510 1.694 1.929 2.181 2.451 U.S. GOVT. EQUITY IN IBRD, ETC. LIABILITY-REST OF THE WORLD 43 44 1.045 1.037 1.432 1.383 1.041 2.330 1.789 1.548 DEPOSITS AT FHLB (S*L ASSNS.-ASSET) LIABILITY-SPONSORED CR. AGS 44 45 46 2.029 228 2.293 322 2.371 300 2.218 0 2.426 0 2.732 0 2.849 0 3.107 0 EQUITIES IN U.S. G. CR. AG. u.s. government 45 46 PRIVATE 47 48 49 50 108 319 1.277 97 117 365 1.369 120 128 414 1.395 134 139 516 1.403 160 MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS, 152 571 1.478 225 167 622 1.607 336 180 692 1.618 359 192 782 1.756 377 NONFARm NONCORP. (BC) FARM BUS. (FICB ♦ FLB) S*L ASSNS. (FHLB) CORPORATE BUS. (FNMA) 47 48 49 50 AUGUST* 1973 MISCELLANEOUS II MISCELLANEOUS II 134 MISCELLANEOUS FINANCIAL CLAIMS (CONTINUED) YEAR-END OUTSTANDINGS. YEAR-END OUTSTANUTNGS. 1945-54 (C) LIFF INSURANCE CLAIMS 1 DEFERRED AND UNPAID PREMIUMS (LIFE INS. ASSET) LIABILITY - HOUSEHOLDS 638 2 3 4 LIFE CO. RESERVES (HOUSEHOLDS ASSET) LIABILITY- LIFE INSURANCE ACCIDENT AND HEALTH POLICY DIVIDEND ACCUM. (D) 5 6 7 8 9 703 784 835 904 1.007 1.086 1.162 1.254 1.341 1 1.385 90 1.295 1 .601 110 1.491 1.717 135 1.582 1.911 181 1.730 2.134 229 1.905 2.372 266 2.106 2.631 337 2.294 2.915 399 2.516 3.267 470 2.797 3.603 514 3.089 2 3 4 3.581 418 763 548 1.852 4.297 676 902 645 2.074 5.121 956 1.060 753 2.352 5.860 1.192 1.190 844 2.634 6,511 1.383 1.289 918 2.921 7.030 1.418 1.378 949 3.285 7.912 1.548 1.521 1.005 3.832 8.916 1.666 1.730 1.088 4.432 9.741 1.786 1.919 1.159 4.877 10.310 1.866 2.113 1.227 5.104 5 6 7 6 9 NONLTFE INSURANCE CLAIMS LIABILITY - OTHER INSURANCE ASSET-CORPORATE BUSINESS NONFARM NONCORP. BUS. FARM hUSINESS HOUSEHOLDS (E) 1945-54 UNALLOCATED ASSETS AND LIABILITIES (LIAB. - ASSETS) 1.970 1.357 1 .533 2.331 2.977 5.672 3.156 3.614 3.399 3.807 10 11 12 13 14 TOTAL LIABIl ITIES U.S. GOVERNMENT REST OF ThE WORLD SPONSORED CR. AGENCIES 7.712 1.596 1.158 356 1.329 1.196 1.122 203 7.327 796 892 246 7.574 591 1.056 220 7.672 271 780 180 10.839 281 2.771 263 9.261 461 1.407 349 9.955 275 1.618 216 10.272 226 1.488 232 11.352 242 1,642 241 II 12 13 14 15 16 17 18 19 S. ♦ L. ASSOCIATIONS MUTUAL SAVINGS BANKS LIFE INSURANCE REITS MONETARY AUTHORITIES 357 47 1.477 0 717 360 61 1.561 0 661 335 71 1.840 0 844 260 80 1.912 0 819 267 95 2.077 0 1.086 399 138 2.115 0 1.454 288 154 2.247 0 1.002 346 164 2.593 0 1.080 392 203 2.771 0 1.115 436 261 3.098 0 1.134 15 16 17 18 19 20 21 22 23 24 COMMERCIAl BANKING COMMERCIAl BANKS BANK AFFILIATES FGN. BANKING AGENCIES BANKS IN TERR. AND POSS. 1.104 170 0 20 914 1.495 518 0 79 898 1.510 657 0 52 861 2.020 1.180 0 48 792 2.177 1.338 0 64 775 2.548 1.656 0 70 822 2.793 1.859 0 88 846 3.035 2.046 0 112 8/7 3.129 2.111 0 139 879 3.704 2.635 0 151 918 20 21 22 23 24 25 26 27 28 FLOATS IN COML. BANK STMN ON INTERBANK DEPOSITS ON INTERBANK LOANS LESS-ON M.B. RESERVES 900 889 11 0 670 655 15 0 733 721 -91 -103 616 645 -104 -75 739 700 -96 -135 870 727 -80 -223 560 427 -12 -145 716 531 20 -165 594 492 -40 -142 25 26 27 28 5.742 2.810 27 407 194 320 900 0 5.972 3.171 50 376 184 331 752 0 5.794 2.984 43 344 234 320 627 0 5.243 2.522 12 372 42 410 502 0 4.695 1.962 40 388 34 433 382 0 5.167 2.020 14 446 47 579 412 0 6.105 2.452 13 490 111 690 442 0 6.341 2.304 36 559 133 780 514 0 6.873 2.474 160 627 138 833 495 0 7.545 2.440 243 667 185 942 503 0 29 30 31 32 33 34 35 36 932 52 100 906 58 144 970 75 197 1.132 94 157 1.132 153 171 1.223 211 215 1.391 298 218 1.417 371 227 1.512 412 222 1.812 505 248 37 38 39 10 NET TOTAL 29 30 31 32 33 34 35 36 TOTAL ASSETS REST OF THE WORLD SPONSORED CR. AGENCIES S. ♦ L. ASSOCIATIONS MUTUAL SAVINGS BANKS LIFE INSURANCE PRIVATE PFNSION FUNDS REITS 37 38 39 COMMERCIAl BANKS FOREIGN HANKING AG. BANKS IN u. S. POSS. MONEY AMOUNTS ARF IN MILLIONS OF DOLLARS. 628 482 5„ -141 AUGUST. 1973 MISCELLANEOUS II iISCELLANEOUS II MISCELLANEOUS FINANCIAL CLAIMS YEAR-END OUTSTANDINGS, 1955 135 (CONTINUED) 1955-64 1956 1957 YEAR-tND UUTSTANDINGS, 1958 1959 1960 1961 1962 1963 1964 (C) 1 1.482 1.669 1.843 1.969 2.187 2.379 2.S12 2.667 LIFE CO. RESERVES (HOUSEHOLDS ASSET) 7.767 LIABILITYLIFE INSURANCE accxdent and health 1.276 6.491 POLICY DIVIDEND ACCOM. 4.015 575 3.440 4.385 612 3.773 4.799 698 4.101 5.131 no 4.421 5.511 794 4.717 6.026 865 5.161 6.543 923 5.620 7.119 1.005 6.114 7.362 1.141 6.221 5 6 7 8 9 11.034 2.034 2.262 1.324 5.414 11.783 2.393 2.392 1.390 5.608 12.800 2.965 2.560 1.446 5.829 13.656 3.511 2.677 1.502 5.966 14.800 4.081 2.856 1.584 6.279 15.721 4.672 2.987 1.635 6.427 16.545 5.134 3.144 1.704 6.563 17.249 5.684 3.260 1.724 6.581 18.323 6.031 3.463 1.869 6.960 10 4.577 4.959 4.213 4.570 3.471 1.093 3.631 2.316 2.282 2.647 11 12 13 14 12.498 238 1.789 191 14.339 263 2,628 318 14.728 296 2.192 389 15.769 317 1.827 361 15.819 317 1.851 442 14.471 317 706 482 18.3?5 317 1.728 486 18.340 214 2.059 517 20,136 179 1.187 507 23.279 120 2.727 542 15 16 17 18 19 413 310 3.330 0 1.188 533 369 3.624 0 955 619 426 3.849 0 883 707 526 4.124 0 1.104 868 606 3.985 0 985 960 678 4.433 0 1.131 1.129 781 4.907 0 1.021 1.211 828 5.321 0 1.041 1.397 943 5.820 0 1.000 20 21 22 23 24 4.273 3.170 0 147 956 4.886 3.644 0 203 1.039 5.762 4.417 0 168 1.177 6.348 4.808 0 244 1.296 5.762 5.200 0 -49 611 4.926 4.314 0 -76 688 6.210 5.542 0 -147 815 5.996 5.143 0 -85 938 25 26 27 28 706 647 -225 -284 763 645 -235 -353 312 601 -351 -62 455 676 -298 -77 1.003 832 -72 -243 838 754 -277 -361 1.746 1.289 -12 -469 29 30 31 32 33 34 35 36 7.921 2.667 170 730 195 995 676 0 9.380 2.929 119 912 219 1.126 905 0 10.515 3.048 219 1.092 276 1.203 9fl7 0 11.199 3.163 213 1.226 339 1.289 1.021 0 12.348 3.802 247 1.530 286 1.441 1.168 0 13.378 3.308 299 1.562 345 1.564 1.374 0 37 38 39 1.779 454 255 2.209 687 274 2.623 715 352 2.725 847 376 2.902 648 324 3.682 887 357 (U) 19.599 6.350 3.704 2.038 7.507 (E) IN MILLIONS OF DOLLARS, LIFF INSURANCE CLAIMS DEFERRED AND UNPAID PREMIUMS (LIFE INS. ASSET) 2.853 3.039 LIABILITY - HOUSEHOLDS 2 3 4 MONEY AMOUNTS ARE 1955-64 1 2 3 4 NONLIFE INSURANCE CLAIMS LIABILITY - OTHER INSURANCE ASSET-CORPORATE BUSINESS nonfarm noncohp. bus. FARM BUSINESS HOUSEHOLDS 5 6 7 8 9 UNALLOCATED ASSETS AND LIABILITIES (LIAB. - ASSETS) 10 TOTAL LIABILITIES U.S. GOVERNMENT REST OF THE WORLD SPONSORED CR. AGENCIES 11 12 13 14 1.619 989 6.225 0 1.320 S. ♦ L. ASSOCIATIONS MUTUAL SAVINGS BANKS LIFE INSURANCE REITS MONETARY AUTHORITIES 15 16 17 18 19 8.087 6.843 0 134 1.110 9.476 8.025 0 194 1.257 COMMERCIAL BANKING BANK AFFILIATES 20 21 22 23 24 1.153 727 52 -374 1.016 761 -14 -269 261 159 -167 -269 14.694 3.015 329 2.103 421 1.779 1.467 0 16.024 2.748 360 2.639 476 1.900 1.658 0 17.854 3.497 284 3.198 662 2.066 1.748 0 20.632 3.578 266 3.867 741 2.222 2.028 0 TOTAL ASSETS REST OF THE WORLD SPONSORED CR. AGENCIES S. ♦ L. ASSOCIATIONS MUTUAL SAVINGS BANKS LIFr INSURANCE REITS 29 30 31 32 33 34 35 36 4.256 906 418 4.661 1.132 450 4.656 1.240 503 5.168 2.161 601 COMMERCIAL BANKS FOREIGN BANKING AG, BANKS IN U. S. POSS. 37 38 39 NET TOTAL commercial banks fgn. banking agencies BANKS IN TERR. AND POSS. FLOATS IN COML. BANK STMN 25 on interbank deposits 26 on interbank loans 27 LESS-ON M.B. RESERVES 28 private pension funds AUGUST* 1973 MISCELLANEOUS II MISCELLANEOUS II 136 MISCELLANEOUS FINANCIAL CLAIMS YEAR-ENO OUTSTANDINGS, YEAR-ENO OUTSTANDINGS, 1965-72 1965 (C) LIFF 1 2 3 4 LIFE CO. RESERVES (HOUSEHOLDS ASSET) LIABILITY- LIFE INSURANCE ACCIDENT AND HEALTH POLICY DIVIDEND ACCUM. (0) (LIFE INS. ASSET) 3.659 3.303 1967 1968 1969 1970 1971 19<2 3.947 4.302 4.688 5.118 5.436 5.976 1 1973 1974 8.405 1.432 6.973 9.129 1.652 7.477 10.085 2.144 7.941 10.953 2.474 8.479 11.913 2.879 9.034 13.082 3.474 9.608 14.142 3.892 10.250 15.408 4.347 11.061 2 3 4 21.145 6.766 3.975 2.178 8.226 22.930 7.331 4.325 2.339 8.935 25.006 7.999 4.716 2.553 9.738 27.472 8.788 5.187 2.830 10.667 30.817 9.935 5.846 3.211 11.825 34.235 10.831 6.515 3.649 13.240 37.805 11.878 7.296 4.147 14.484 41.485 13.034 8.006 4.580 15.895 5 6 7 8 9 NONLIFE INSURANCE CLAIMS LIABILITY - OTHER INSURANCE ASSET-CORPORATE dUSINESS NONFARM NONCORP. BUS. FARM BUSINESS HOUSEHOLDS (E) 1966 1965-72 INSURANCE CLAIMS DEFERRED ANU UNPAID PREMIUMS LIABILITY - HOUSEHOLDS 5 6 7 8 9 (CONTINUEO) UNALLOCATED ASSETS AND LIABILITIES NET TOTAL (LIAB. - ASSETS) 4.351 5.075 5.040 7.188 16.910 14.228 14.635 18.956 10 11 12 13 14 TOTAL LIABII ITIES U.S. GOVERNMENT REST OF IhE WORLD SPONSORED CR. AGENCIES 26.436 24 7 2.823 713 29.717 656 2.987 646 32.836 I.019 2.800 644 39.870 1.215 3.315 593 52.155 917 4.073 1.081 56.827 304 3.594 2.030 58.184 311 2.837 1.473 68.392 3i2 2.7b5 1.738 11 12 13 14 15 16 17 18 19 S. ♦ L. ASSOCIATIONS MUTUAL SAVINGS BANKS LIFE INSURANCE REITS MONETARY AUTHORITIES 1.733 1.124 6.763 0 1.283 2.071 1.113 7.256 0 1.198 2.403 1.280 8.119 0 1.247 2.709 1.372 8.709 16 1.338 3.025 1.585 9.180 47 1.837 3.567 1.689 9.695 109 2.223 3,865 1.809 10.722 177 2.051 4.576 2.0?4 12.316 3^8 1.027 15 16 17 18 19 20 21 22 23 24 COMMERCIAI BANKING COMMERCIAI BANKS BANK AFFII IATES FGN. BANKING AGENCIES BANKS IN TERR. ANO POSS. 10.961 9.277 0 340 1.344 12.134 9.834 0 680 1.620 13.849 11.224 0 711 1.914 18.971 15.368 0 1.437 2.166 25.475 19.675 322 2.197 3.281 29.503 22.034 1.287 2.407 3.775 31.405 23.713 1.858 1.550 4.284 38.232 30.125 560 2.797 4.750 20 21 22 23 24 25 26 27 28 FLOATS IN COML. BANK STMN ON INIERBANK DEPOSITS ON INTERBANK LOANS LESS-ON M.B. RESERVES 789 350 -16 -455 1.656 881 50 -725 1.495 465 213 -817 1.632 957 46 -629 4.935 484 3.815 -636 4.113 419 2.863 -831 3.534 3.868 -310 5.074 1.672 3.825 423 25 26 27 28 22.085 3.120 335 4.560 840 2.428 2.309 0 24.642 3.374 275 4.836 966 2.308 3.207 0 27.796 3.882 257 5.278 1.115 2.904 4.044 0 32.682 4.486 251 5.242 1.367 3,166 4.396 100 35.245 3.894 342 5.062 1.325 3.642 4.720 222 42.599 4.211 1.294 5.851 1.697 4.033 4.735 558 43.549 1.511 1.848 6.618 2.237 4.633 4.803 607 49.436 3.811 2.493 6.909 3.021 5.100 4.580 1.113 29 30 31 32 33 34 35 36 5.934 1.935 604 6.797 2.163 716 8.013 1.491 812 9.893 2.845 956 11.062 3.170 1.806 12.254 5.904 2.062 13.585 5.574 2.133 15.595 4.671 2.143 37 38 39 10 29 30 31 32 33 34 35 36 TOTAL ASSETS REST OF ThE WORLD SPONSORED CR. AGENCIES S. ♦ L. ASSOCIATIONS MUTUAL SAVINGS BANKS LIFE INSURANCE PRIVATE PENSION FUNDS REITS 37 38 39 COMMERCIAL BANKS FOREIGN HANKING AG, BANKS IN U. S. POSS. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS -644 AUGUST* 1973 TOTAL claims TOTAL CLAIMS 137 TOTAL FINANCIAL ASSETS AND LIABILITIES YEAR-END OUTSTANDINGS* 1946 1 945 YEAR-END OUTSTANDINGS. 1945-54 1947 1948 1949 1950 1951 1952 1953 1945-54 1954 CREDIT MARKET DEBT CLAIMS (1) CREDIT MARKET OEBT OWED BY— NONFINANCIAL SECTORS FEDERAL GOVERNMENT FOREIGN PRIVATE DOMESTIC STATE ♦ LOCAL GOVTS. HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUS. CORPORATE NONFIN. BUS. 43.858 350.234 228.033 7.994 114.207 15.370 34.165 6.956 8.228 49.488 366.066 220.802 12.453 132.811 16.801 41.991 7.424 9.613 56.982 379.641 215.093 13.593 150.955 19.040 50.727 8.082 10.191 62.915 396.116 217.670 14.194 164.252 21.537 58.594 8.474 10,888 64.759 418.644 216.491 12.662 189.491 24.936 71.932 9.532 12.546 70.545 442.416 216.053 14.595 211.768 27.375 81.461 10.819 13.553 78.560 472.599 220.937 14.858 236.804 31.381 93.816 11.609 14.489 85.509 501.839 227.982 16.006 257.851 35.286 106.313 11.509 15.015 89.728 527.854 230.403 16.384 281.067 41.033 117.366 12.281 15.844 94.543 10 11 12 13 14 15 16 17 1 .733 873 0 0 18 360 482 0 2.804 1.168 0 0 2 528 1.106 0 3.733 1.284 0 0 9 737 1.703 0 5.156 1.559 0 0 9 830 2.758 0 5.929 1.447 0 0 14 777 3.691 0 8.124 1 .828 0 0 19 1.222 5.055 0 8.900 2.055 0 0 19 1.374 5.452 0 10.320 2.102 0 0 17 1.453 6.748 0 11.986 2.099 0 0 17 1.584 8.286 0 12.483 2.064 0 0 20 1.751 8.648 0 18 357.124 353.038 369.799 384.797 402.045 426.768 451.316 482,919 513.825 540.337 TOTAL CREDIT MARKET DEBT 18 153.160 109.428 4.269 25.895 13.568 HOLDINGS BY PRIVATE DOMESTIC NONFINANCIAL SECTORS HOUSEHOLDS NONFARM NONCORP, BUSINESS NONFINANCIAL CORPORATE BUS. STATE AND LOCAL GOVERNMENTS 20 21 22 23 U.S. GOVERNMENT 24 FINANCIAL INSTITUTIONS SPONSORED CREDIT AGENCIES FEDERAL RESERVE SYSTEM 25 26 27 1 2 3 4 5 6 7 8 9 355.391 251.482 5,062 98.847 15.323 27.048 19 20 21 22 23 6.693 6.025 125.308 96.040 1 .526 20.518 7.224 119.071 95.248 1 .860 15.371 6.592 122.617 97.498 2.190 15.652 7.277 127.002 99.681 2.554 16.985 7.782 132.486 102.027 2.810 19.438 8.211 135.839 100.027 3.298 23.494 9.020 139.998 101.822 3.595 25.071 9.510 144.273 104.258 3.998 24.934 11.083 151.372 107.563 4.177 27.261 12.371 FINANCIAL SECTORS SPONSORED CR. AGENCIES COMMERCIAL BANKS BANK AFFILIATES FOREIGN BANKING AG, SAVINGS AND LOAN ASSNS. finance companies REITS 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 19 24 5.211 8.293 12.577 13.949 15.273 15.976 17.274 18.762 20.724 20.404 25 26 27 223,486 2.048 24.311 223.536 2.127 23.498 233.187 2.322 22.611 241.996 2.679 23.524 252.098 2.647 18,957 271.508 3.107 20.781 290.590 3.524 23.806 315.298 3.647 24.73? 336.524 3.708 25.932 361.199 4.024 25.067 28 29 30 31 32 117.793 116.822 114.690 113.764 0 421 505 112.935 111.939 0 511 485 118.804 117.646 0 696 462 125.328 124.022 0 836 470 131.986 130.471 0 1.061 454 140.615 138.929 0 1.206 480 144.314 142.664 0 1.166 484 153.832 152.063 0 1.266 503 COMMERCIAL banking COMMERCIAL BANKS BANK AFFILIATES FOREIGN BANKING AG. BANKS IN U.S. POSSESIONS 28 29 30 632 111.470 110.496 0 381 593 33 34 35 36 79.334 7.818 15.996 182 86.441 9.206 17.483 236 Q3.564 10.682 18.463 34 0 102.858 11.876 19.406 455 111.690 13.221 20.440 586 122.292 15.346 21.426 746 131.264 17.395 22.283 811 146.304 20.497 23.915 1.055 162.570 24.259 25.647 1.372 178.276 28.557 27.568 1.610 PRIVATE NONBANK FINANCE SAVINGS ♦ LOAN ASSNS. MUTUAL SAVINGS BANKS CREDIT UNIONS 33 34 35 36 37 38 39 40 41 .209 1 .563 2.526 3.494 44.405 2.100 2.787 4.093 47.388 2.665 3.112 4.833 50.935 3.256 3.541 5.746 54.428 3.845 4.060 6.4?6 57.908 4.930 4.707 7.219 61,551 5.7M 5.436 7.855 65.916 6.947 6.428 8.803 70.695 8.375 7.702 9.940 75.339 9.773 9.161 10.871 LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS S. ♦ L. GOVT.. RTR. FUNDS OTHER INSURANCE COMPANIES 37 38 39 40 41 42 43 44 3.643 0 162 2.741 4,273 0 184 1 .674 4.96? 0 188 931 5.908 0 220 1.515 6.839 0 277 1.568 8.231 0 349 1.430 8,654 0 390 1.186 10.782 0 472 1.489 12.500 0 469 1.611 13.166 0 593 1.638 FINANCE COMPANIES RFITS OPEN-END INVESTMENT COS. SECURITY bROKERS ♦ DEALERS 41 45 3.119 2.138 1.418 1 .850 2.188 3.445 3.464 4.586 5.205 5.574 0 339 PEST OF THE WORLD 31 32 42 43 44 45 TOTAL CLAIMS AND THEIR RELATION TO TOTAL FINANCIAL ASSETS 1 357.124 353.038 369.799 384.797 402.045 426.760 451.316 4P2.919 513.825 540.337 2 3 0 2.310 -248 2.43b 937 2.408 1.293 2.403 1.46? 2.384 1.446 2.374 1.426 2.390 1.462 2.435 1.367 2.469 1.185 2.505 4 5 6 7 8 186.274 163.189 132.773 3o.4lb 23.085 178.248 152.443 110.21? 34.231 25.805 182.985 154.956 119.354 35.60? 28.029 185.015 155.043 36.202 29.972 188.009 155.549 110.054 36.695 32.460 195.997 161.130 124.099 37,031 34.867 200.152 170.070 131.303 30.767 30.082 222.042 179.686 137.001 41.085 43.156 232.101 183.179 137.831 45.348 48.922 247.250 191.610 142.431 49.179 55.640 DEPOSITS AT FINAN. INSTS. BANKING SYSTEM DEMAND DEP. ♦ CURRENCY TIME AND SVGS. DEPOSITS SAVINGS INSTITUTIONS 9 10 11 50.521 6.496 44.025 58.830 8.031 47.799 61.203 9.459 51.744 66.498 10.495 56.003 72.006 11.619 60.467 78.958 12.712 66.246 05.252 13.595 71.657 93.032 14.596 78.436 101.007 15.200 85.807 108.949 15.319 93.630 INSURANCE ♦ PENSION RESERVE U.S. GOVERNMENT 10 INSURANCE SECTOR 11 12 13 14 15 8.794 16.048 11.414 28.437 4.514 20.506 9.407 2Q.074 3.361 23.996 11.755 31.838 3.560 26.820 12.756 34.520 4.354 26.020 10.509 37.202 5.432 36.617 10.263 42.971 5.090 39.408 23.163 44.370 5.661 41.508 20.248 48.640 6.513 41.270 21.330 51.937 8.647 45.501 17.747 56.242 16 17 18 18.893 1 .264 680.779 18.825 1 .297 672.927 20.744 1.412 710.438 23.112 1 .515 742.289 19.242 3.070 767.271 21.444 3.344 033.614 24.156 3.481 800.232 24.044 3.931 946.722 22.463 23.880 4.146 6.109 Q99.R45 1056.935 INTERBANK CLAIMS INVESTMENT CO. SHARES TOTAL DEBT ABOVE 16 17 18 19 20 117.736 33.300 10Q.703 30.650 107.588 34.150 106.485 34.560 116.930 35.015 142.656 35.355 166.519 35.575 182.069 35.815 174.859 36.290 251.892 36.940 ADD—FINANCIAL ASSETS NOT INCLUDED IN BORROWING OTHER CORPORATE SHARES GOLD ♦ SDR'S 20 21 22 23 837 5.393 -6.573 1.440 5.673 -4.153 -113 6.412 -5.789 -61 6.034 -5.294 18 6.323 -4.483 -181 6.896 -5.417 -191 7.108 -7.081 -838 8.768 -9.128 -653 8.988 -8.505 -36 8.480 -7.993 DEDUCT—FLOATS NOT INCLUDED IN ASSETS DEMAND DEP. - U.S. GOVT. OTHER TRADE CREDIT 21 22 23 24 25 26 -1.073 1.164 1.970 -1.970 551 1.357 -1.990 396 1.533 -2.030 433 2.331 -2.058 391 2.977 -2.106 644 5.67? -2.155 555 3.156 -2.221 1.327 3.614 -2.269 1.885 3.399 -2.324 1.308 3.807 DEDUCT—LIABILITIES NOT ALLOCATED AS ASSETS TREASURY CURRENCY TAX LIABILITIES MISCELLANEOUS 24 25 26 27 030.097 013.302 051.735 081.921 118.841 TOTAL CREDIT MARKET DEBT. FROM ABOVE OTHER DEBT FORMS— FOREIGN EXCHANGE TREASURY CURRENCY SECURITY CREDIT TRADE DEBT PROFIT TAXES PAYABLE MISCELLANEOUS 916.048 1006.117 1088.934 1163,084 1208.149 1342.525 TOTALS ALLOCATED TO SECTORS AS ASSETS (1) MONEY AMOUNTS ARE In MILLIONS OF DOLLARS, EXCLUDES CORPORATE EQUITIES. 1 2 3 4 5 6 7 12 13 14 15 19 27 AUGUST* 1973 TOTAL CLAIMS claims TOTAL 138 TOTAL FINANCIAL ASSETS ANO LIABILITIES YEAR-END OUTSTANDINGS. 1955-64 YEAR-ENO OUTSTANDINGS. 1955 1956 1957 1958 1959 credit market debt claims CREDIT MARKET DEBT OWED HY— NONFINANCIAL SECTORS 1960 1961 1962 1963 1955-6* 196* (l) 563.765 229.615 16.533 317.617 46.321 137.101 13.722 17.575 102.898 591.129 223.817 17.287 350.025 49.980 153.213 14.581 18.692 113.559 619.221 221.578 18.660 378.983 54.378 166.088 15.638 19.650 123.229 6R8.625 230.892 20.540 407.193 60.056 177.099 17.002 21.164 131.872 708.801 237.981 21.175 449.645 66.521 198.554 18.934 23.486 142.150 745.010 235.930 23.154 485.926 72.006 216.286 19.965 25.076 152.593 789.025 243.141 25.401 520.483 77.317 231.585 21.558 27.375 162.648 842.555 250.158 27.698 564.699 83.179 252.379 23.856 30.591 174.694 900.592 254.137 30.876 615.579 89.135 277.135 26.406 35.128 187.775 967.498 260.410 36.644 670.444 95.397 304.955 29.009 40.421 200.662 1 2 3 * 5 6 7 8 9 18.123 3.071 0 0 20 2.476 12.556 0 19.279 3.809 0 0 25 2.237 13.208 0 21.583 4.929 0 0 38 2.237 14.379 0 21.310 4.985 0 0 46 2.606 13.673 0 27.401 7.259 0 0 44 3.680 16.418 0 30.804 7.897 0 0 15 3.385 19.507 0 33.461 8.578 0 0 26 4.408 20.449 0 38.857 10.077 0 0 11 5.632 23.137 0 46.504 11.524 233 0 40 7.556 27.151 0 52.640 12.068 1.391 0 89 7.849 31.243 0 10 11 12 13 14 15 16 17 18 TOTAL CREOIT MARKET DEBT 581.888 610.408 640.804 679.935 736.202 775.814 822.486 881.412 947.096 1020.138 18 HOLDINGS BY PRIVATE DOMESTIC 19 NONFINANCIAL SECTORS households 20 NONFARM NONCORP. BljSlNFSS 21 NONFINANCIAL CORPORATE BUS. 22 STATE ANU LOCAL GOVERNMENTS 23 167.570 117.510 4.434 30.966 14.660 171.361 123.774 4.718 27.286 15.583 177.007 128.975 4.892 27.092 16.048 179.293 130.060 4.872 28.187 16.174 199.271 140.830 5.091 35.682 17.668 202.278 147.107 5,350 31.481 18.340 205.827 149.458 5.544 31.866 18.959 209.274 149.514 5.942 33.835 19.983 218.177 154.274 6.257 36.753 20.893 226.602 160.901 6.648 38.648 20.405 19 20 21 22 23 1 2 3 4 5 6 7 8 9 10 11 12 13 1* 15 16 17 government federal FOREIGN PRIVATE OOMFSTIC STATE ♦ LOCAL GOVTS. HOUSEHOLDS FARM BUSINESS NUNFARM NONCORP. RUS. CORPORATE NONFIN. BUS. FINANCIAL SECTORS SPONSORED CR. AGENCIES COMMERCIAL ranks BANK AFFILIATES FOREIGN RANKING AG. SAVINGS ANO LOAN ASSNS. companifs finance REITS 21.091 21.741 22.375 23.858 25.677 26.710 28.335 30.801 32.201 34.940 2* 25 FINANCIAL INSTITUTIONS SPONSORED CREDIT AGENCIES 26 27 FEDERAL RESERVE SYSTEM 386.691 5.040 24.815 409.640 6.066 25.010 433.187 7.365 24.309 468.528 7.684 26,413 499.988 9.908 26.728 534.336 11.095 27.466 575.328 12.128 28.947 626.973 13.744 30.931 681.669 15.298 33.787 742.669 16.034 37.168 25 26 27 28 29 30 31 32 COMMERCIAL BANKING COMMERCIAL BANKS BANK AFFILIATES FOREIGN BANKING AG. BANKS IN U.S. POSSESIONS 158.188 156.397 0 1.264 527 163.610 161 .666 0 1.374 570 168.654 166.764 0 1.288 602 183,687 181.625 0 1.382 680 188.501 186.803 0 1.477 221 197.636 195.761 0 1.627 248 212.914 210.869 0 1.767 278 231.927 229.700 0 1.870 357 249.504 247.313 0 1.725 466 272.227 269.886 0 1.836 505 28 29 30 31 32 33 3* 35 36 PRIVATE NONHANK FINANCE SAVINGS ♦ LOAN ASSNS. 198.648 34.347 29.530 1 .987 214.954 39.237 31.537 2.394 232.859 44.215 33.283 2.859 250.744 50.559 35.662 3.141 274.851 58.951 37.017 3.815 298.139 66.245 38.523 4.500 321.339 75.61(1 40.577 4.930 350.371 85.914 43.646 5.570 383.080 99.211 46.970 6.313 417.240 110.246 51.234 7.197 33 34 35 36 2* U.S. government mutual savings banks CREOIT UNIONS 37 38 39 40 LIFF INSURANCE COMPANIES PRIVATF PENSION FUNOS S. ♦ L. GOVT., RTR. FUNOS OTHER INSURANCE COMPANIES 80.491 11.081 10.457 11.601 85.612 12.659 11.681 12.005 90.569 14.466 13.258 12.691 95.567 16.171 14.963 13.491 100.611 17.903 16.837 14.793 105.646 19.708 18.887 15.535 110.895 21.280 21.082 16.492 116.922 23.049 23.211 17.793 123.333 25.203 25.556 18.628 130.198 27.502 28.325 19.437 37 38 39 *0 *1 *2 *3 44 FINANCE COMPANIFS REITS OPFN-END INVESTMENT COS. SECURITY BROKFRS ♦ DEALERS 16.972 0 792 1.390 17.839 n 1.021 969 18.989 0 1.170 1.359 18.576 0 1.367 1 .247 21.976 0 1.710 1 .238 25.235 0 1.961 1.899 26.145 0 2.276 2.052 28.608 0 2.608 3.050 33.064 0 2.744 2.058 37.128 0 3.034 2.939 41 42 43 44 6.536 7.666 8.235 8.256 11.266 12.490 12.996 14.364 15.049 15.927 45 947.096 1020.138 1 *5 REST OF THF. WORLD TOTAL CLAIMS ANO THEIR RELATION TO TOTAL FINANCIAL ASSETS TOTAL CREOIT MARKET OEBT, FROM ABOVE OTHER DEBT FORMS— FORFIGm EXCHANGE 2 TREASURY CURRFNCY 3 1 4 5 6 7 8 DtPOSlTS AT FTNAN. banking INSTS. system OEP. ♦ CURRENCY TINE ANU SVGS. DEPOSITS OEmanD savings Institutions 9 10 11 Insurance 12 13 14 15 SECURITY CREUTT TBAOE DEBT PROFIT TAXES PAYABLE MISCELLANEOUS 16 17 18 ♦ rfservf INTERBANK claims INVESTMENT CO. SHARES debt ARUVF total ADD —FINANCIAL included 19 20 pfnsion u.s. government INSURANCF SECTOR in 581.888 610.408 640.80* 679.935 736.202 775.814 822.486 881.412 1.04* 2.507 1 .608 2.526 1 .975 2.562 1.958 2.600 1.997 2.639 1.555 2.686 1.806 2.740 1.163 2.760 1.247 2.806 1.201 2.830 2 3 257.998 195.228 144.724 50.504 62.770 269.265 199.177 146.563 52.614 70.088 280.947 203.970 145.947 58.023 76.977 303.535 217.659 151.673 65.986 85.876 315.454 221.453 153.665 67.788 94.001 332.591 229.125 155.502 73.623 103.466 359.226 244.425 161.385 83.040 114.801 393.117 265.214 166.599 98.615 127.903 427.664 284.588 171.564 113.024 143.076 466.692 307.739 180.152 127.587 158.953 4 5 6 7 8 119.642 15.843 103.799 129.211 17.009 112.202 138.023 17.531 120.492 151.141 18.521 132.620 164.229 19.514 144.715 175.858 20.516 155.342 192.092 21.525 170.567 201.629 22.643 178.986 219.347 23.935 195.412 238.557 25.288 213.269 9 10 11 9.628 55.996 21.487 60.881 8.991 60.747 19.731 68.046 8.712 63.699 17.726 73.589 10.447 67.647 15.181 78.953 10.510 74.100 17.612 83.693 10.864 78.989 16.113 89,252 13.113 84.179 16.503 98.029 13.911 89.348 18,003 102.853 16.664 97.383 19.180 110.560 16.830 105.209 20.428 120.601 12 13 1* 15 25.548 24.606 23.499 23.628 22.775 24.135 26.002 25.214 15.818 21.271 17.026 29.116 22.875 13.241 1348.137 1445.882 1523.523 1637.184 1751.015 1891.767 2047.604 16 17 18 24.375 24.215 23.686 8.714 9.046 7.838 11*2.595 1203.954 1260.966 ASSETS NOT borrowing OTHER CORPORATE; SHARES GOLD + SOP'S 309.174 37.620 328.948 38.075 290.289 38.765 404.736 99.4*5 438.170 40.195 433.972 40.540 551.121 41.120 484.414 41.475 571.807 42.305 633.000 43.015 19 20 -427 9.024 -7.089 -60 9.482 -8.260 -5 9.155 -6.817 -162 9.557 -8.400 -166 9.0U -8.315 -347 9.413 -7.586 -338 10.265 -8.396 19 9.900 -8.213 59 9.907 -7.003 -360 10.434 -7.796 21 22 23 -2.345 2.573 4.577 -2.38* 2.962 *.959 -2.428 3.306 4.213 -2.478 3.204 4.570 -2.516 3.079 3.471 -2.556 3.011 1.093 -2.689 2.634 3.631 -2.651 3.204 2.316 -2.616 2,352 2.282 -2.419 2.281 2.647 2* 25 26 1483.076 1564.278 1582.596 1786.027 1919.683 1995.007 2224.318 2272.329 2500.898 2718.832 27 deduct—FLOATS 21 22 23 24 25 26 NOT included IN ASSETS DEMAND DEP. - U.S. GOVT. other trade credit DEDUCT —LI ARIL ITIES NOT ALLOCATED AS ASSETS TREASURY CURRENCY TAX LIABILITIES MISCELLANEOUS 27 TOTALS ALLOCATED TO SECTORS AS ASSETS (1) EXCLUDES CORPORATE FQUITIES, MONEY AMOUNTS ARE lN MILLIONS OF DOLLARS. AUGUST* 1973 TOTAL CLAIMS TOTAL CLAIMS TOTAL FINANCIAL ASSETS AND LIABILITIES YEAR-ENO OUTSTANDINGS* 1965 139 1965-72 1966 YEAR-END OUTSTANDINGS* 1967 1968 1969 1970 1971 1972 1973 1965-72 1974 credit market DEBT CLAIMS (1, 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 CREDIT MARKET DEBT OWED BY— NONFINANCIAL SECTORS FEDERAL GOVERNMENT FOREIGN PRIVATE DOMESTIC STATE ♦ LOCAL GOVTS. HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUS. CORPORATE NONFIN. BUS. 1037.588 1102.800 1181.622 1276.882 1363.884 1456.800 1591.410 1747.826 262.178 265.811 278.816 292.214 288.568 301.370 327.370 344.687 39.396 40.161 47.629 51.078 43.098 45.796 57.296 61.682 938.872 1027.687 1104.352 1206.744 1341,457 859.708 736.014 796.828 109.329 103.055 149.289 117.282 127.212 137.885 166.280 178.555 333.286 354.76? 373.806 403.767 435.840 456.752 560.077 496.761 32.299 39.249 35.769 41.907 56.898 45.083 48.332 52.041 46.]95 62.079 5).565 69.460 83.418 56.521 93.798 74.722 221.179 272.850 339.419 303.907 24G.403 408.244 373.257 452.129 62.674 14.182 3.276 0 79 8.65A 36.483 0 70.662 19.007 3.184 0 134 8.737 39.600 0 69.648 18.386 3.303 0 106 7.035 40.818 0 1100.262 1173.46? 1251.270 235.089 165.896 7.(184 38.855 23.254 252.359 183.129 7.576 36.812 24.842 81.575 21.862 4.570 0 191 8.167 46.535 250 109,888 30.645 6.297 4.209 349 12.271 55.362 755 117.766 38.879 3.035 2.349 429 14.116 57.015 1 .943 131.310 43.175 4.813 1.973 2.070 14.119 61.226 3.934 157.956 49.357 7.597 2.637 2.914 16.091 70.600 8.760 1358.457 1473.772 1574.566 1722.720 1905.782 255.737 184.731 8.004 38.236 24.766 276.161 196.518 8.494 44.098 27.051 320.670 231.060 9.092 46.582 33.936 318.24? 231.493 9.678 44.097 32.974 46.551 51.135 53.999 56.736 314.011 222.158 10.364 50.953 30.536 329.865 231.485 11.438 54.445 32.497 59.293 61.618 FINANCIAL SECTORS SPONSORED CR. AGENCIES COMMERCIAL BANKS BANK AFFILIATES FOREIGN BANKING AG. SAVINGS AND LOAN ASSNS. FINANCE COMPANIES REITS 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 TOTAL CREDIT MARKET OEBT 18 HOLDINGS BY PRIVATE DOMESTIC NONFINANCIAL SECTORS HOUSEHOLDS NONFARM NONCORP. BUSINESS NONFINANCIAL CORPORATE BUS. STATE AND LOCAL GOVERNMENTS 19 20 21 22 23 U.S. GOVERNMENT 24 FINANCIAL INSTITUTIONS SPONSORED CREDIT AGENCIES FEDERAL RESERVE SYSTEM 25 26 27 24 37.672 42.049 25 26 27 811.608 18.265 40.Q96 664.773 23.38? 44.475 932.904 1015.049 1084.253 1173.883 23.289 35.562 26.530 45.442 49.276 52.995 57.218 62.199 28 29 30 31 32 300.938 298.314 0 2.028 596 317.253 314.129 0 2.396 728 353.12? 349.475 0 2.771 876 391.863 387.730 0 3.172 961 410.681 401.040 3.946 4.504 1.191 445.749 434.293 2.954 7.176 1 .326 496.341 484.57? 2.840 7.292 1.637 566.052 553.396 2.598 8.134 1 .924 COMMERCIAL BANKING COMMERCIAL BANKS BANK AFFILIATES FOREIGN BANKING AG, BANKS IN U.S. POSSESIONS 28 29 30 31 32 33 34 35 36 451.409 119.823 54.949 8.241 479.663 124.362 57.596 9.353 507.217 133.419 62.571 10.219 543.661 143.283 66.852 11.518 580.792 153.170 69.787 13.089 620.493 164.742 73.520 14.554 681.324 194.109 82.972 17.186 761.804 230.588 92.328 20.010 PRIVATE NONBANK FINANCE SAVINGS ♦ LOAN ASSNS. MUTUAL SAVINGS BANKS CREDIT UNIONS 33 34 35 36 37 38 39 40 137.730 29.56? 31.261 20.489 145.443 32.206 34.948 21.961 152.808 32.950 38.280 23.483 160.488 34.012 41.657 25.413 167.185 34.621 45.059 26.987 174.192 36.992 49.070 30.870 182.310 35.428 52.800 34.647 192.439 34.115 57,106 37.522 41 42 43 44 42.799 0 3.820 2.715 44.938 0 5.355 3.501 45.489 0 4.843 3.155 50.622 230 5.791 3.795 59.165 1.107 6.695 3.927 59.867 3.219 7.208 6.259 64.008 5.763 7.207 4.894 74.766 10.607 7.190 5.133 45 15.693 14.281 16.078 16.112 14.850 25.705 52.460 60.955 1296.956 1453.344 54.257 48.244 71.047 71.231 LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS S. ♦ L. GOVT.* RTR, FUNDS OTHER INSURANCE COMPANIES 37 38 39 40 FINANCE COMPANIES HF. ITS OPEN-END INVESTMENT COS. SECURITY BROKERS ♦ DEALERS *1 42 43 44 REST OF THE WORLD 45 TOTAL CLAIMS AND THFIR relation TO TOTAL FINANCIAL ASSETS 1 1100.26? 1173.46? 1251.270 1358.457 1473.772 1574.566 1722.720 1905.782 TOTAL CREDIT MARKET DEBT* FROM ABOVE OTHER DEBT FORMS — FOREIGN EXCHANGE TREASURY CUHRENCY 1 2 3 1 .644 3.064 1 .647 3.963 2.765 4.646 4.818 5.06? 5.105 5.334 2.564 5.956 861 6.446 706 6,979 4 5 6 7 a 507.163 335.115 187.420 147.695 172.048 530.141 351.159 191.325 159.834 178.982 585.887 390.070 206.322 1H3.748 1Q5.H17 634.005 425.568 221.099 204.469 208.437 640.785 424.421 229.296 195.125 216.364 710.069 476.663 243.573 233.090 233.406 809.661 535.429 260.976 274.453 274.232 918.783 598.156 281.360 316.796 320.627 DEPOSITS AT FINAN. INSTS. BANKING SYSTEM DFMANO DEP. ♦ CURRENCY TIME ANU SVGS. DEPOSITS SAVINGS INSTITUTIONS 9 10 11 859.685 26.737 232.^48 274.210 28.097 2*6.113 300.653 29.492 271.161 326.439 30.814 295.625 342.030 32.399 309.631 367.424 34.886 332.538 408.139 37.800 370.339 452.897 41.022 411.875 INSURANCE ♦ PENSION RESERVE 9 U.S. GOVERNMENT 10 INSURANCE SECTOR 11 12 13 14 15 17.954 118.220 22.115 130.660 18.729 130.315 22.274 144.789 25.752 141.402 17.371 167.647 32.334 160.27? 20.392 175.366 25.678 180.595 17.301 206.003 24.879 187.229 14.176 218.849 28.655 191.793 15.980 229.358 37.509 207.533 16.674 254.391 SECURITY CREDIT TRADE DEBT PROFIT TAXES PAYABLE MISCELLANEOUS 16 17 18 28.856 26.562 31.621 35.266 47.267 37.228 49.252 41.685 35.220 34.829 52.677 48.289 47.618 44.701 55.611 59.831 2222.839 2363.215 2563.715 2805.088 2982.120 3195.015 3516.491 3910.337 19 20 713.800 43.230 647.800 43.185 824.800 41.600 974,900 40.905 861.400 41.015 854.800 44.689 1004.700 48.084 1168.500 55.905 21 22 23 51 1 0.480 -9.475 -232 9.546 -11.340 -565 8.312 -10.737 -121 8.79? -12.313 -706 10.851 -17.715 -656 13.023 -19.286 -829 15.304 -19.042 -261 17.049 -23.339 24 25 26 -2.355 2.660 4.351 -2.198 3.324 5.075 -1.982 2.564 5.040 -1.733 3.212 7.188 -1.514 3.315 16.910 -1.593 3.397 14.228 -1.581 3.572 14.635 -1.734 3.277 18.956 27 2974.157 3050.025 3427.493 3615.868 3873.394 4085,391 4557.216 5120,794 4 5 6 7 8 12 13 14 15 INTERBANK CLAIMS INVESTMENT CO. SHARES TOTAL DEBT ABOVE 16 17 18 ADD—FINANCIAL ASSETS NOT INCLUDED IN BORROWING OTHER CORPORATE SHARES GOLD ♦ SDH’S 19 20 DEDUCT—FLOATS NOT INCLUDED IN ASSETS DEMAND DEP. - U.S. GOVT. OTHER TRADE CHEDIT 21 22 23 DEDUCT—LIABILITIES NOT ALLOCATED AS ASSETS TREASURY CURRENCY TAX LIABILITIES MISCELLANEOUS 24 25 26 TOTALS ALLOCATED TO SECTORS AS ASSETS (1) MONFY AMOUNTS ARF IN MILLIONS OF DOLLARS, 2 3 EXCLUDES CORPORATE EQUITIES. 27 AUGUST. 1973 assets and liabilities OF INDIVIDUALS assets and liabilities of individuals YEAR-END ASSETS AND LIABILITIES OF INDIVIDUALS IN THE U.S. 140 YEAR-END OUTSTANDINGS. (1) YEAR-END OUTSTANO INGS. 1945-54 1945 1 TOTAL FINANCIAI ASSETS DEMAND DEPOSITS ♦ CURRENCY 2 SAVINGS ACCOUNTS 3 1946 1947 1948 1949 1950 1951 1952 1953 1945-54 1954 3B8.498 70.263 50.115 398.117 75.860 56.428 408.171 75.942 59.875 414.889 73.057 62.137 433.646 71.053 64.805 469.070 73.683 67.295 510.235 78.276 72.163 545.288 79.909 79.992 558.840 80.869 88.275 653.719 83.065 97.549 1 2 3 4 5 6 7 8 SECURITIES U.S. SAVINGS BONDS OTHER U.S. TREASURY SEC. U.S. GOVT. AG. SECURITIES STATE ♦ LOCAL OBLIGATIONS 195.757 42.935 25.041 102 6.270 185.277 44.151 22.486 30 6.304 184.073 46.236 21.483 87 6.746 183.983 47.837 20.067 211 7.752 194.891 49.300 19.733 151 8.443 216.428 49.552 18.883 119 8.991 239.931 49.081 18.304 409 9.329 255.668 49.H3 18.127 315 11.370 249.949 49.371 18.613 159 13.193 323.216 49.966 16.516 -96 15.708 4 5 6 7 8 9 10 11 12 CORPORATE ♦ FOREIGN BONDS COMMERCIAL PAPER INVESTMENT CO, shares OTHER CORPORATE STOCK 9.738 0 1.264 110.407 8.816 0 1.297 102.193 8.170 0 1.412 99.939 7.878 0 1.515 98.723 7.717 0 3.070 106.477 5.099 20 3.344 130.420 6.442 0 3.481 152.885 6.262 1 3.931 166.489 6.119 91 4.146 158.257 6.093 33 6.109 228.887 9 10 11 12 PRIVATE LIFE INS. RES. PRIVATE INSURED PEN. RES. PVT. NONINSUREO PEN. RES. GOVT. INS. ♦ PEN. RESERVES MISC. FINANCIAL ASSETS 35.967 2.700 2.756 9.098 21.842 38.602 3.100 3.225 10.903 24.722 41.147 3.600 3.790 12.666 27.078 43.777 4.200 4.381 14.140 29.214 46.444 4.825 5.017 15.800 30.811 49.080 5.600 6.711 17.567 32.706 51.635 6.575 7.832 19.210 34.613 54.480 7.700 9.614 21.238 36.687 57.388 8.825 11.628 23.166 38.740 60.389 10.000 13,787 24.773 40.940 13 14 15 16 17 18 TOTAL LIABILITIES MTG. DEBT ON NONFARM HOMES 19 NONCORP. BUS. MTG, DEBT 20 CONSUMER CREOIT 21 SECURITY CREDIT 22 POLICY LOANS 23 OTHER DEBT 24 43.414 18.000 8.987 5.665 4.861 2.078 3.823 51.104 21.775 9.874 8.384 2.195 2.008 6.868 61.132 26.076 11.052 11.598 1.831 2.050 8.525 71.903 31.106 12.188 14.447 1.547 2.182 10.433 81.455 35.172 13.683 17.364 1.819 2.381 11.036 98.574 42.564 15.513 21.471 2.519 2.571 13.936 110.719 49.688 17.051 22.712 2.393 2.765 16.110 125.016 56.130 18.7n2 27.520 2.589 2.888 17.207 138.646 63.782 20.050 31.393 3.032 3.102 17.287 154.358 72.410 21.950 32.464 4.131 3.317 20.086 18 19 20 21 22 23 24 13 14 15 16 17 YEAR-END OUTSTANDINGS. year-end OUTSTANOINGS 1955-64 1955 1 TOTAL FINANCIAI ASSETS 2 DEMAND DEPOSITS ♦ CURRENCY SAVINGS ACCOUNTS 3 1956 1957 1958 1959 1960 1961 1962 1963 1955-64 1964 734.870 84.225 106.307 781.571 86.008 115.891 770.262 85.553 128.018 909.278 89.333 142.074 975.562 1001.207 1145.233 1120,022 1248.456 1360.098 92.278 104,964 90.406 96.778 94.431 99.955 153.839 181.810 207.497 232.119 165.272 259.503 1 2 3 4 5 6 7 8 SECURITIES U.S. SAVINGS BONDS OTHER U.S. TREASURY SEC. U.S. GOVT. AG. SECURITIES STATE ♦ LOCAL OBLIGATIONS 381.831 50.229 18.027 612 19.187 405.273 50.135 19.425 844 21.538 370.851 48.226 21.387 1.367 23.189 475.892 47.703 19,209 824 23.993 513.623 45.907 25.188 2.362 27.251 511.290 45.642 25.773 2.016 30.764 617.703 46.445 24.036 2.189 31.994 552.883 46.8^8 23.342 2.639 30.985 634.015 48.049 25.394 2.850 31.970 691.823 48.960 26,732 3.656 34.616 4 5 6 7 8 9 10 11 12 CORPORATE ♦ FOREIGN BONDS COMMERCIAL PAPER INVESTMENT CO. SHARES OTHER CORPORATE STOCK 7.074 17 7.838 278.847 7.937 4 9.046 296.344 9.003 17 8.714 258.948 10.225 6 13.241 360.691 10.225 11 15.818 386.861 11.029 39 17.026 379.001 11.275 16 22.875 478.873 11.157 SI 21.271 416.570 11.166 54 25.214 489.318 11,817 12 29.116 536.914 9 10 11 12 PRIVATE LIFE INS. RES. PRIVATE INSURED PEN, RES. PVT. NONINSUREO PEN. RES. GOVT. INS. ♦ PEN. RESERVES MISC. FINANCIAL ASSETS 63.459 11.325 18.257 26.601 42.865 66.626 12.500 21.044 29.041 45.188 69.277 14.100 23.408 31.238 47.817 72.294 15.600 29.249 33.998 50.838 75.606 17.575 34.131 36.917 53.465 78.758 18.850 38.173 40.077 56.509 82.112 20.250 46.263 43.467 59.197 85.754 21.625 47.309 46.9*1 61.235 89.860 23.300 55.394 50.793 63.020 94.172 25.250 63.949 55.186 65.251 13 14 15 16 17 18 TOTAL LIABILITIES mtg. debt on nonfarm homes 19 NONCORP. BUS. MTG. DEBT 20 CONSUMER CREDIT 21 SECURITY CREDIT 22 POLICY LOANS 23 OTHER DEBT 24 179.727 84.607 24.038 38.830 4.816 3.554 23.882 197.873 95.806 25.806 42.334 4.773 3.790 25.364 213.473 104.563 27.442 44.971 4.365 4.192 27.940 228.679 113.406 30.190 45.129 5.522 4.546 29.886 255.567 125.966 33.215 51.544 5.536 5.020 34.286 276.645 136.745 35.638 56.141 5.398 5.673 37.050 298.123 147.660 39.568 57.982 6.736 6.232 39.945 325.140 160,369 44.014 63.821 6.610 6.775 43.5G1 359.587 175.119 49.452 71.739 8.567 7.235 47.475 395.487 191.106 55.992 80.268 8.362 7.758 52.001 18 19 20 21 22 23 24 13 14 15 16 17 (1) COMBINED STATFMENT FOR HOUSEHOLDS. FARM, AND NONFARM NONCORPORATE BUSINESS. MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. AUGUST* 1973 ASSETS ANO LIABILITIES OF ASSETS ANO LIABILITIES OF INDIVIDUALS INDIVIDUALS YEAR-END ASSETS AND LIABILITIES OF INDIVIDUALS IN THE U.S. YEAR-END OUTSTANUTNGS. 1965 1 2 3 YEAR-END OUTSTANDINGS. 1965-72 1966 1967 1495.729 1492.325 1726.970 112.736 127.991 1 16.590 287.525 306.831 341.511 1968 1969 1970 1971 1972 1941.597 1889.902 1956.716 2187.245 2457.324 151.842 142.262 175.778 162.852 140.508 422.284 492.740 568.565 377.822 371.692 4 5 6 7 8 768.261 49,595 27.636 4.558 36.365 723.381 50.249 30.363 8.952 39.964 879.628 1018.980 51.139 51.512 34.583 29.381 10.192 10.307 37.714 36.953 940.753 51.126 44.378 12.986 46.134 924.517 1027.964 1161.479 57.127 51.407 53.832 33.697 21.988 23.526 15.691 12.029 11.554 45.590 44.716 46.012 9 10 11 12 13.397 3 35.220 601.487 15.188 2.751 34.829 541.085 18.983 626 44.701 686.777 23.795 1.355 52.677 807.913 31.143 6.114 48.289 700.583 41.194 4.597 47.618 684.723 49.530 717 55.611 789.541 54.800 1.149 59.831 907.480 13 14 15 16 17 98.863 27.325 73.568 59.929 67.522 103.450 29.425 75.820 65.515 71.313 108.224 32.050 89.371 71.008 77.187 112.859 34.975 101.438 77.167 83.978 117.771 37.900 102.545 83.814 87.035 122.907 41.175 110.771 92.571 90.649 129.008 46.350 130.472 102.309 95.550 136.249 51.550 152.305 112.793 98.605 18 19 20 21 22 23 24 434.063 206.338 62.550 89.883 9.098 8.339 57.855 464.637 218.990 68.314 96.238 9.025 9.829 62.241 498.000 229.361 75.351 100,783 12.709 10.820 68.976 540.097 243.986 81,998 110.770 15.627 12.108 75.608 579.754 260.058 88,987 121.146 12.227 14.713 82.623 610.384 272.539 97.019 127.163 10.447 17.021 86.195 664.285 296.366 107.860 138.394 13.056 18.034 90.575 749.286 334.789 121.097 157.564 17.728 18.979 99.129 (1) MONEY AMOUNTS ARE IN MILLIONS OF DOLLARS. 141 (1) 1973 1965-72 1974 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS ♦ CURRENCY SAVINGS ACCOUNTS 1 2 3 U.S. GOVT. AG, SECURITIES STATE ♦ LOCAL OBLIGATIONS 4 5 6 7 8 CORPORATE ♦ FOREIGN RONDS COMMERCIAL PAPER INVESTMENT CO. SHARES OlHER CORPORATE STOCK 9 10 11 12 SECURI1IES U.S. SAVINGS BONDS other u.s. treasury sec. PRIVATE LIFE INS. RES. private insured PEN. res. PVT. NONINSURED PEN, RES. GOVT. INS. ♦ PEN. RESERVES MISC. FINANCIAL ASSETS total liabilities MTG. DEBT ON NONFARM HOMES NONCORP. RUS. MTG. DEBT CONSUMtR CREDIT SECURITY CREDIT POLICY LOANS OTHER DERT COMBINED STATEMENT FOR HOUSEHOLDS. FARM, AND NONFaRM NONCORPORATE BUSINESS. 13 14 15 16 17 18 19 20 21 22 23 24