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Z.1
Flow of Funds 1981: Q2
August 1981
Flow of Funds Accounts,
Second Quarter 1981
Seasonally Adjusted and Unadjusted
Annual Revisions
Board of Governors of the Federal Reserve System, Washington, D.C. 20551
TABLE LIST
PAGE
SUMMARY TABLES
1
Income and Product Distribution
2
Funds Raised in Credit Markets
4
Credit Market Supply of Funds
SECTOR TABLES
6
Households
8
Total Nonfinancial Business
Noncorporate Business
10
Nonfinancial Corporate Business
12
State+Local Governments
Foreign
14
U.S. Government 4- Credit Agencies
16
Banking System
18
Commercial Banking Subsectors
20
Nonbank Finance Summary
22
Savings Institutions
24
Insurance + Pension Funds
26
Finance N.E.C.
TRANSACTION TABLES
28
Monetary and Insurance Reserves
Interbank Claims
30
Deposit Claims
32
U.S. Government Securities
34
Private Securities
36,38
Mortgages
40
Consumer Credit and Bank Loans N.E.C.
42
Open Market Paper
Other Loans
Security Credit, Trade Credit, and Taxes
44
Payable
46,48
Miscellaneous
50
Total Claims
52
Saving By Individuals
54
Discrepancies
Flow of Funds Accounts
Second Quarter 1981
Annual revisions. The tables in this publication reflect the
complete recalculation process that normally appears each year and that
produces revisions for all periods and for many items in the accounts. The
1980 revisions were postponed until this year to wait for the Commerce
Department's long-run revision of income and product accounts that appeared
in December 1980, and because of the postponement this year's flow of funds
accounts introduce two years of new data in several parts of the accounts
rather than the usual one.
Annual revisions in flow of funds data are of three types: (1)
changes in structure of the accounts to accommodate changing financial
practices and institutions, (2) introduction of annual benchmark data and
revisions in source data that are important in several parts of the system,
and (3) recalculation of seasonal adjustments to reflect the new source data
and added years of history. Structural changes in the accounts in this
publication are principally in the classification of types of deposit claims
at financial institutions. The new breakdown, which appears on pages 30-31,
follows closely the forms now published by the Federal Reserve in the monetary
aggregates ranging from Ml-B through M3. The basic payment instrument,
currency and checkable deposits, is thus broadened beyond demand deposits to
include NOW and ATS accounts, and part of the liability is at savings institutions. Accounts also appear separately for small time and savings accounts
and for large time deposits, with ownership estimated for each type. Another
change is the shift of U.S. deposits held abroad into the deposit group and
out of the "miscellaneous" category where they appeared formerly. In a
related change the types of assets held by money market funds are broadened
to include security RP's and deposits abroad.
It is important to note that, while the types of deposits follow
the forms of the monetary aggregates, coverage of holdings is in most cases
broader here than in the aggregates. Thus the amounts shown include holdings
by foreign banks and official institutions, by the U.S. government, and by
depository institutions. These holdings are all excluded in various ways from
the monetary aggregates, but the table on pages 30-31 shows separately most
of the components that are omitted from the aggregates.1/ Statistically the
deposit data in these accounts is, as before, separate from the aggregates,
if only because the aggregates are weekly or monthly averages while these
accounts are based on end-of-period holdings. Some of the source data are
1/ The identification is not complete for the foreign component, however,
because the monetary aggregates include foreign private nonbank holdings that
are not shown separately here.
i
different, however, because of differing schedules for benchmarking and the
use in these accounts of balance-of-payments data on international flows.
Seasonal adjustments are also quite independent of the aggregates.
Another structure change with this publication is in the treatment
of Federal Financing Bank holdings of claims on the Farmers Home Administration.
These claims, which amounted to $39 billion at the end of 1980, were formerly
treated as mortgage pool securities held by the U.S. government, and the loans
backing the securities appeared as assets of the mortgage pool group. The
treatment is changed here to include the pooled loans directly in U.S. government assets and to consolidate out the Financing Bank claim on FmHA. This
reduces the total of U.S. government agency securities outstanding, which
include pool securities, and changes the form shown for U.S. government credit
advanced.
Statistical revisions include two years of benchmarks for state and
and local governments, insurance companies, nonfinancial corporate working
capital, and international transactions. Also included are the results of the
quinquennial survey of finance companies for June 1980 that was published in
the May 1981 Federal Reserve Bulletin. The survey resulted in markedly higher
estimates of finance company loans to business. Recent estimates of corporate
equities retired in mergers and acquisitions resulted in lower figures in the
accounts for net issues of equities. Another sizable revision included is an
estimate for household purchases of condominiums that raises considerably the
household proportion of multi-family construction purchases.
The income and product revisions published in December were included
in the publication of fourth quarter 1980 but without allowance for the new
seasonal adjustments in those data. With this publication the full set of
NIPA revisions is brought into the system and is an important source of
seasonal adjustment revision. Beyond that effect new seasonal adjustments for
financial items have their usual substantial effect in revisions on an adjusted
basis.
Preliminary estimates. Figures shown for the most recent quarter
in the tables are based on preliminary and incomplete information and are
therefore only tentative. At the end of this preface is a list of the
principle sources of information that were available in putting together the
first quarter on this preliminary basic, and the significance of individual
items in the tables should be judged on the basis of the list. The list is
summary in form and is by no means a complete statement of sources of data
or of derivation methods. Because much of the source information consists
of sector balance sheets or statements of activity, the list is organized
mainly in terms of sectors. For nonfinancial activity included in the
accounts, however, such as sector income and capital outlays, the Commerce
Department's income and product accounts are the principal source, and this
part of the system is included separately at the beginning of the list.
- ii -
The items that are shown as available are in general also
preliminary in the sense that they are subject to revision once a year on
the basis of benchmark data. "Available" for them means that the basic
quarterly estimates for them have been completed in a form that will usually
stand until the next annual revision. Virtually all quarterly data sources
are compiled within five or six months of the end of the quarter, and the
distinction between the two columns is not between final and preliminary
versions of data but rather between those source estimates that are fully
ready when the first quarterly estimate is put together and those that are
not yet completed.
Availability. This publication is part of quarterly series that
is usually available at the middle of the second month following the quarter
reported and that is distributed to a mailing list. The process of printing
and mailing causes delays of up to two weeks or more from the time the estimates are completed, and to facilitate earlier access in the meantime copies
of the computer printouts are distributed to Federal Reserve Bank information
offices for use by the public.
The current quarterly tables are an extension of a body of data
that begins in 1946 in annual form and in 1952 quarterly. Annual-total flows
and year-end outstandings were most recently published in Flow of Funds
Accounts 1949-78 (December 1979). That publication is now superceded, however,
by the historical revisions reflected in the present tables, and a replacement
volume will be available in the near future. Meanwhile, quarterly data are
available in computer data tape form for the complete set of accounts or in
specific printings of selected tables.
Requests and inquiries about the data, historical tabulations and
computer tapes of the data should be addressed to:
Flow of Funds Section
Room B-5100
Board of Governors of the
Federal Reserve System
20th and Constitution Ave.
Washington, D. C. 20551
(202) 452-3482.
- iii -
Information Status for Preliminary Estimates
NONFINANCIAL—
National income and product
accounts
Available
First quarterly estimate
Major items missing
Corporate profits, profit tax
accruals, and undistributed profits
FINANCIAL—
Households
Estimates
for other
sectors.
available
Farms
Bank loans. For sponsored agency
loans, see item 9 below.
U.S. Government loans.
below.
Nonfarm noncorporate business
Bank and finance company loans,
mortgage borrowing, open-market
paper
Net trade debt
Nonfinancial corporate business
For preceding quarter: working
capital, net security issues,
foreign direct investment. For
current quarter: gross security
offerings, mortgages, bank loans,
open-market paper, finance company
loans.
Working capital, foreign direct
investment, U.S. Government loans
State and local governments
Gross security offerings, deposits
at banks, two months of quarter
for Government security holdings
Security retirements, last month
of quarter for holdings for
Government securities
Rest of the world (U.S.
Internat ional Transact ions)
Preceding quarter complete.
Current quarter for capital movements,
Direct investment flows
for this sector are almost entirely residual and derived from data
sectors. Availability is thus dependent on schedules for other
Principal types of borrowing—mortgages and consumer credit—are
in time for first quarterly estimates.
- iv -
See item 9
8.
U.S. Government
Major items missing
Available
FINANCIAL—
Monthly Treasury Statement of Receipts
and Outlays for last month of quarter,
Federal Financing Bank Statement
Loans outstanding except at Fedenl
Financing Bank
Sponsored credit agencies
Balance sheets for FNMA, Home Loan
Banks, Farm Credit Administration
securities outstanding. FCA loans
for most recent June or December
FCA loans for March and September
10.
Mortgage pools
Complete
None
11.
Monetary authorities
Complete
None
12.
Banking
Banking and monetary estimates
through last month of quarter.
Foreign banking offices complete.
Recent all-bank totals.
13.
Savings and loan associations
Last month of quarter on summary
monthly basis
Detailed listing of cash and
investments
14.
Mutual savings banks
Two months of quarter
Last month of quarter
15.
Credit unions
Deposit flows and consumer credit
Other assets
16.
Life insurance companies
Two months of quarter
Last month
17.
Private Pension Funds
Preceeding quarter
Current quarter
18.
State and local government
retirement system
Preceding quarter
Current quarter
19.
Other insurance companies
Preceding quartet
Current qua tier
9.
v
-
FINANCIAL—
Available
Major items missing
20.
Finance companies
Complete
None
21.
REIT's
Preceding quarter
Current quarter
22.
Investment companies and
money market funds
Complete
None
23.
Security brokers and dealers
Borrowings
Assets
- vi -
AUGUST 2 4 , 1981
Income and Product
Distribution
Income and Product
Income and Product
SEASONALLY
ADJUSTED ANNUAL
Accounts:
Gnp Expenditures and Gross
Distribution
Saving
RATES
SEASONALLY ADJUSTED ANNUAL itATES
1980
i
1976
1977
1978
1979
1980
I
II
I
III
IV
|
I
1981
I
II
1
1718.0
1918.0
2156.1
2413,9
2626-1
2571.7
2564-8
2637.4
2730.6
2852.8
2881.6 Total
2
3
4
5
6
1446.4
1084.3
156.8
232.9
129.2
1600.0
1205.5
178.8
250.6
143.9
1781.3
1348.7
199.3
279.2
153.4
1984.7
1510.9
212,3
305,9
167.9
2207.5
1672.8
211.9
335.8
198.9
2147-9
1631.1
220.9
326-8
190.0
2156.9
1626-9
194.4
331.3
198.7
22,15.7
1682.2
208.8
338.6
194.9
2309.6
1751.0
223.3
346.6
212.0
2386-6
.1810.1
238.3
354.9
221-6
2408.1 Current o u t l a y s
Households
1831.0
Of which consumer durables
227.0
State and local governments
357.7
U.S. Government
219.4
7
8
9
10
11
12
13
257.9
246.0
72.0
322.3
301.3
95.8
375.3
353.2
111.2
415.8
398.3
118.6
395-3
401.2
105,3
390.9
383.5
93.6
377.1
393.2
99.2
397.7
415.1
113.0
437.0
432.6
116.7
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
415.6
413. 1
115.2
3.0
3.9
4.5
5.0
4.4
4.9
3.4
4.3
5.0
5.2
78.7
73.0
89.8
86.8
91.4
90.7
77.1
77-2
83.4
86.3
66.6
79-5
72.6
69.2
86.0
73,8
85.9
81.8
1.1
1.5
1.8
1.8
2.0
2.2
1.8
1.7
2.2
2.2
3.1
1.6
1.6
4.2
2.1
2.1
1.2
.6
.6
-1.2
-.6
-.6
-2.1
-1.0
-1.0
-5.2
-2.6
-2.6
-14.8
-7.4
-7.4
1.8
.9
.9
9.9
5.0
5.0
2.0
1.0
1.0
9.8
2.6
5.7
.9
.5
13.2
17.0
3.8
7.7
1.6
.1
5.8
9.3
1.8
22.2
10.9
10.1
23.8
12.3
10,4
27.0
11.7
13.6
23.7
12.1
10-5
22.2
12.4
22.0
12.8
25.3
13.6
10.6
1.1
1.7
1.1
8.4
.8
25.6
13.2
11.0
1.2
9.1
.7
1.4
1.2
-
-
-
-
-
-
-
-
-
174.1
205.5
242.0
279.7
296.0
297.8
289.8
294.0
302.1
315.9
323.3
5.7
5.9
6-5
7.2
7.4
7-3
7-4
7-4
7.5
7.5
7.6
13.8
18.3
15.3
26.1
16.6
33.0
11.0
175.0
18.3
38.9
13.3
202.0
18.1
42,5
15,2
212.6
20,0
39,5
14.5
216.5
18.9
41.4
15.1
207.1
16,2
44.8
15.5
210.11
17.4
44.6
15.8
216.8
17.9
44.9
16.2
229.4
18.3
45.5
16.5
235.4
22.1
17.5
2.5
1.0
1.5
7,4
a.3
6.1
21.2
-3.4
3-0
9.6
-17.4
-3.4
-14.0
-1.0
-13.0
4.4
-1.4
-16.0
-3.7
-12.3
-3.4
-8.9
8.2
44.5
342.4
297.9
23.3
346.1
322.7
29.2
367.4
338.2
7.2
8.8
149.4
11.8
-2.0
13.9
21.0
1.0
1.7
1.9
-.2
12.8
18.5
19.9
13.5
-5.9
-1.2
-4.7
-2.3
-2.3
-4.2
183.3
187.5
-.6
34
35
13.8
170.9
157.1
219.8
220.4
13.4
281.3
267.9
23.3
339.8
316.5
337.3
329.1
17.1
333.3
316.2
36
37
38
1194.4
82.5
6.9
1311.5
74.1
5.6
1462.9
76.3
5.2
1641.7
86.2
5.2
1821.7
101.3
5-6
1765.1
86.3
4.9
1784.1
110.0
6,2
1840.6
111.4
6.1
1897.0
97.6
5.1
1947.9
89.0
4.6
39
40
-53.1
16.6
-46.4
28.1
-29.2
29-0
-14.8
26.7
-61.2
29.1
-36.3
26.9
-66.5
23.9
-74.2
28.6
-67.9
37.1
-46.6
36.8
41
42
43
166..3
.5
14.3
17.1
134.5
255.4
.6
30.3
31.6
192.8
245.5
.4
31.1
30.6
183.3
277.1
.5
36.6
33,3
206.7
217.9
.4
29.3
30.1
158.1
237-6
249.5
15.5
23.5
153.1
223.3
.5
19.7
29.3
173.8
30.9
28.7
177.5
27.7
30.5
1S0.9
46
47
48
49
63.8
.2
11.2
52-4
72.6
.2
13.1
59.2
83.0
.3
15.6
67.1
87.6
.3
17.9
69.5
82.3
.3
19.2
62.9
94.2
.3
19-9
74.0
71.5
.3
19.5
51.7
78.5
.3
18.1
60.1
85.2
.3
19.3
65.7
87.7
.2
19.6
67.9
50
51
52
53
54
55
37.4
.1
-1.0
38.2
29-9
8.2
39.9
.2
-1.8
41.6
31.7
9.8
44.6
.2
-1.7
46.2
35.9
10.3
50.2
.2
-2.4
52.3
37.1
15.2
56.0
.2
-3.0
58.8
40.2
18.6
53.9
.2
-2.6
56.4
36.7
19.7
55.7
.2
-3.2
58.7
40.9
.17.9
56.7
.2
-2.9
59.3
40.6
18.8
57,7
,2
-3.2
60.7
42.5
18.2
65.1
.1
6.8
6.0
52.1
43.9
8.2
80.1
95.7
128.9
90.7
102.4
106.6
12.2
5.7
62.2
52.3
9.8
15.4
9.4
70.9
60.6
10.3
117.6
.1
16.1
15.1
86.2
71.0
15.2
107.2
57
58
59
60
61
62
14.4
12.5
80.3
61.7
18.6
16.0
17.0
96.0
76.3
19.7
13.7
11.5
65.5
47.7
17.9
13.5
12.1
76.9
58.1
18.8
63
64
65
66
-13.5
-.2
-.5
-12.9
-12.0
-.2
-.7
-11.1
-13.5
-.3
-1.1
-12.1
-15.9
-.4
-1.8
-13.7
-17.2
-.5
-2-7
-14.0
-15.4
-.4
-2.3
-12.7
-17.6
-.5
-2.6
-14.5
67
68
69
70
71
72
73
74
75
175.0
24.5
4.5
9.9
26.2
109.9
5-1
1.2
103.6
196.0
28.6
4.8
11.2
29.1
122.4
5.7
1.4
115.2
221.2
33-6
5.5
12.6
33.2
136.4
6.7
1.6
128.1
253.6
39.1
6.3
14.3
38.5
155.4
7.9
1.9
145.6
287.3
45.6
7.1
16.4
42.7
175.4
9.6
2-2
163,7
274.6
43.1
6.8
15.7
41.8
167.1
9.0
2.1
156.1
76
77
116,9
291.9
128.6
324.6
143.
364.
159.9
413.6
178.1
465.4
79
80
38.4
14.1
37.7
14.7
34.3
15.5
33.5
15.7
33
455.8 Gross domestic investment
Private fixed investment
434.6
.Residential construction
111.3
Mobile homes
5.2
1-4 Family structures
80.. 8
Household purchases
84.0
Farm
2.2
Change in work in
-5.4
process on nonfarm
Noncorporate
-2.7
-2-7
Corporate
59.2
55.0
129.0
.8
.4
4.1
20-2
21.8
13.4
*
37.2
15.0
-2.4
1.8
6.8
1.4
5.4
19.4
-.3
19.7
Multi-family units
Households (1)
Noncorporate business
Nonfin. c o r p . business
Reits
Nonres- plant + equipment
Nonprofit inst. (hh)
Farm
Nonfarm n o n c o r p . b u s .
Financial corporations
Nonfin. c o r p . b u s i n e s s
11/81 BASED OH INCOMPLETE
2
3
4
5
6
7
8
9
10
11
12
13
14
,15
16
17
18
19
20
21
22
23
24
23
26
27
28
29
30
Inventories
Farm
Nonfarm
Noncorporate
Corporate
Jl
32
33
17.7 Net e x p o r t s
Exports
364.5
3 4 6 . 8 - Imports
34
35
1986.1 Disposable personal income
105.1 Personal saving
5.3 Saving r a t e (per cent)
36
37
38
-49.8 Federal government surplus
39
35.9 St. • local government surplus 40
Corporate p r o f i t s , t a x e s , and dividends:
Profits - total
257.0
224.9
Farms
.9
.3
Foreign
22.7
25.4
F i n a n c i a l corporations
24,0
28.6
Nonfin. corporate business
177.3
202.7
4a
42
43
44
45
74.8
.2
18.6
56.0
Tax accruals - total
Farms
Financial corporations
Nonfin. corporate business
46
47
48
49
59.6
.2
-3.2
62.6
46.7
15.9
62.0
,5
-3,3
64.8
48.7
16.1
Dividends - total
Farms
Financial corporations
Nonfin. corporate business
Net dividends paid
• Net f g n . d i v . received
50
51
52
53
54
55
14.4
9.5
82.7
64.6
18.2
109.6
-.1
12.2
9.5
88.0
72.1
15.9
88.1
.3
8.6
6.6
72.6
56.5
16.1
Dndist. profits - total
Farms
financial corporations
Foreign
Nonfin. corporate business
Domestic undist. pror.
• Net fgn- div. received
56
57
58
59
60
61
62
-17.9
-.5
-2.9
-14.5
-17.8
-.5
-3.0
-14.2
-14.7
-.5
-3.2
-11.0
-14.7
-.6
-3.5
-10.6
C a p . c o n s , adjust. - total
Farms
Financial corporations
Nonfin.. corporate business
63
64
65
66
283-7
44.6
7.0
16.3
42.8
173.0
9.4
2.2
161.5
291,8
46.3
7.2
16.5
43.3
178-4
9.8
2-2
166,4
298.9
48.4
7.5
17.0
42-9
183.2
10.1
170.7
306.5
50.0
7.7
17-3
44.0
.187.5
10.4
2.4
174,7
316.7 Total capital consumption
Owner-occupied homes (hh)
52.0
Nonprofit institutions (hh)
8,0
Farm n o n c o r p o r a t e
18.0
Nonfarm n o n c o r p . business
44.2
Total c o r p o r a t e
194.6
Financial business
10.9
Corporate farms
2.5
181.2
171.2
445.7
175.4
459.2
180,2
472.0
185.6
484.5
190.1
496.6
Memo:
Cap, c o n s , on consumer
195.3
durables not included above
76
512.0 T o t . cap. c o n s . i n c L . durables 77
2.5
-1.9
3.0
-6.6
3*3
34.0
15.5
32.8
15.6
33.0
15.7
34.2
15.9
34.1
16.0
*
2.3
-6.9 Statistical discrepancy
78
33.3 Profit tax rate (per cent)
16.2 Personal tax r a t e (per cent)
7S
80
(1) Purchases of condominium
BILLIONS OF DOLLARS.
1
GNP
INFORMATION.
units.
AUGUST 2 4 , 1981
Funds Raised in Credit
Funds Raised in Credit
Markets
Summary
UNADJUSTED
NET FLOWS
of Funds Raised in Credit
UNADJUSTED
($ MILL.)
1980
I
II
III
IV
I
I
1981
II
I
Credit Market Funds liaised by
1
2
Total funds raised
by n o n f i n a n c i a l sectors
Excluding equities
84,263
81,603
1971
NET FLOMS
BILLIONS OF DOILABS
1974
1973
1972
122,140
115,597
89,743
86,634
92,653
94,980
153.9
142.5
176.8
166.3
202.4
194.7
191.3
187.5
211.8
201.7
1
2
8.3
7.9
.4
11,8
12..0
85,4
85.8
-.4
3
4
5
179.5
126-4
10.1
116-3
6
7
8
5,366
5,587
-221
27,108
27,249
-141
27,652
27,802
-150
35,831
35,915
-84
-2,553
-2,421
-132
24.9
26.0
-1.1
15,1
14.3
-85
6 All other nonfinancial sectors
Corporate equities
7
Debt instruments
8
65,193
2,660
62,533
56,310
1,690
54,620
76,638
3,992
72,646
94,488
6,543
87,945
53,912
3,109
50,803
95,206
-2,327
97,533
129.0
11.5
117.6
161.7
10-5
151.2
194.2
7.7
3-8
186.5
175.7
61,047
2,000
59,047
47,894
1,468
46,426
67,799
3,157
64,642
86,697
6,250
80,447
48,583
2,970
45,613
80,051
-2,504
82,555
124,3
11.4
112-9
157.0
10-9
146.1
188.0
164.8
7.9
4.1
180.1
160-7
105.1
14.7
98.0
16-5
19.7
61.9
34.8
10.2
102,1
14,7
12.2
75.2
42-5
12,7
16.4
.8
-.2
12
13
14
15
16
17
18
19
Debt capital instruments
St.+local obligations
Corporate bonds
Mortgages
Home mortgages
Multi-family resid.
Commercial
Farm
40,112
1,682
6,985
31,445
19,328
2,158
6,682
3,277
42,344
7,367
11,380
23,597
14,051
1,876
4,700
2,970
50,928
10,890
8,375
31,663
23,895
2,032
4,216
1,520
46,048
6,916
3,705
35,427
24,475
2,465
6,752
1,735
33,120
4,461
6,012
22,647
13,763
1,546
3,970
3,368
41,699
7,303
4,625
29,771
18,782
2,214
4,508
4,267
86.7
17.4
18.8
50.5
28.0
2.4
3.6
5.5
5.0
20
21
22
23
24
Other debt instruments
Consumer credit
Bank loans n.e.c.
Open-market paper
Other
18,935
-3,866
6,555
8,504
7,742
4,082
-6,298
-2,247
6,128
6,499
13,714
4,550
11,904
-4,002
1,262
34,399
7,921
21,134
-4,006
9,350
12,493
-2,484
1,416
5,716
7,845
40,856
9,280
13,345
5,826
12,405
26.2
14-7
44.0
19.8
16.4
75.1
24.3
37.0
62,7
-8
6.9
2.5
6-6
11.3
13.5
80,051
6,090
28,061
45,900
9,595
5,388
30,917
33,421
-2,504
124.3
17-7
44.7
61-9
157.0
14-5
64.9
77-6
188.0
13.2
78.4
96,4
4.5
5,8
9-9
11-8
45.6
34.2
11,4
14-2
57-6
46-7
10.9
13,6
72.9
65.0
7.9
4.1
15,155
4.7
4-7
-.4
5.1
1.0
3-7
6.1
-.2
6.3
1.0
2.8
.9
1.7
14.8
204-1
9,9
195-9
16.4
19.9
16.3
20-7
16.6
3.6
3-4
-7
25
26
27
28
29
30
31
32
33
By borrowing s e c t o r :
State+local governments
Households
Nonfinancial business
Farm
Nonfarm noncorporate
Corporate
Debt instruments
Equities
61,047
1,530
22,070
37,447
4,830
2,943
29,674
27,674
2,000
47,894
6,578
11,603
29,713
6,274
2,038
21,401
19,933
1,468
67,799
10,683
30,030
27,086
2,619
3,831
20,636
17,479
3,157
86,697
6,525
37,965
42,207
7,011
34,395
28,145
6,250
48,583
4,041
18,376
26,166
5,591
2,830
17,745
14,775
2,970
34
35
36
37
38
39
40
Foreign
Corporate equities
Debt i n s t r u m e n t s
Bonds
Bank loans n . e . c .
Open-market paper
U . S . Government loans
4,146
8,416
8,839
7,791
5,329
801
222
835
293
139
177
•
8,194
8,004
7,498
-154
6,445
5,190
4.7
.9
1.7
.3
1.8
-1,850
5,499
1,203
-8,433
-1,645
1,801
T o t a l s net of changes in U.S. Govt, cash b a l a n c e s :
92,386
56,092
96,612 130,573
42 Total funds raised
27,193
-218
19,974
36,085
43
By U . S . Government
91,388
37,476
90,852
-4,354
105
880
-30
-1,474
3,247
1,608
1,600
4.620
1,094
4,956
1,997
1,081
-8,123
5,584
7,134
Credit
2
3
4
5
6
7
8
9
10
11
12
13
U . S . Government-related
Sponsored credit ag. sec.
Mortgage pool securities
Loans from U . S . Government
Private financial sectors
Corporate equities
Debt instruments
Corporate bonds
Mortgages
Bank l o a n s n.e.c.
Open-market paper
L o a n s from FHLB's
14 T o t a l , by sector
Sponsored credit agencies
15
Mortgage pools
16
17
18
19
20
21
22
23
24
Private financial sectors
Commercial banks
Bank affiliates
S a v i n g s and loan assns.
Other insurance companies
Finance companies
Reits
Mutual funds
338
4
5
6
7
8
9
10
11
12
Debt i n s t r u m e n t s
U . S . Government securities
State + local obligations
C o r p o r a t e • foreign bonds
Mortgages
Consumer credit
Bank l o a n s n.e.c.
Open-market paper
Other loans
11/81 BASED ON PRELIMINARY
150.8
21.7
Market Funds Baised by Financial
i!6,433
10,576
14,350
25,292
8,700
32,630
13,335
8,773
4,562
8,654
4,581
4,073
7,532
1,868
5,664
13,450
9,182
4,268
6,758
3,457
3,301
11,473
9,621
1,852
-1.0
1.5
177.1
15.4
9.2
81.2
46.4
10.4
18.9
5.9
1,1
4.8
8.4
3.5
4.9
-
-
-
-
-
-
-
-
6,818
2,067
4,751
11,842
1,797
4,837
4,802
9-3
3.1
6.1
4.9
2.1
1.9
-.1
26.8
478
434
353
21,157
2,337
18,820
1,387
19.8
932
1,942
2,158
-216
-1,131
-1,104
-1,554
3,361
2,284
1,922
2,766
-844
4,621
-1,122
-1,658
-927
-1,758
16,433
8,773
4,562
10,576
4,581
4,073
14,350
1,868
5,664
3,098
1,922
6,818
-42
424
422
108
742
-3,523
4,597
225
225
-19
384
2,714
1,115
-1,437
565
187
2,493
804
226
27
-334
-76
2,431
-361
2,304
-
1,199
286
537
-394
1,559
938
10,904
202
100,696
-76
3,120
72,252 118,096
2,304
1,559
2,152
4,500
7.8
7-4
82-8
78-7
-.2
15.0
2.1
4-0
7.3
1.6
7.0
4.4
3.1
1./7
-1.2
-1.3
6.0
1-9
9.0
4.9
7.2
4.6
3-8
6,7
46.7
16.3
39,-5
17.3
3.6
3-4
1,942
21,157
26.8
18.8
24
283
9.3
1.5
.8
-.1
.6
2.7
2.9
.9
19-8
42
2.3
2.6
1.7
.5
6.6
6.3
-.1
1.2
3,2
6.0
-5
9.5
6.5
-.2
1-2
4-4
4.8
-9
6,0
.6
.9
563
225
225
638
8,143
-409
2,200
147,432
563
6,918
-6,298
-2,305
9,821
5,835
7,921
27,932
1,101
15,089
10.3
2.3
7.1
,9
-.6
,5
11,842
-186
2,085
209.0 42
82-5 43
-1-1
3.5
4,9
-1,127
34
35
36
37
38
39
40
1.9
28-2
224
11-5
,2
11-3
6.2
2-0
,3
2-8
16-9
18-8
1.1
4.8
3,311
-606
25
26
27
28
29
30
31
32
33
2.5
15-2
24
114,9
13-7
49,6
51.6
8-5
1-4
41.7
31.8
5.9
24.3
32,630
9,621
1,852
3,615
7,359
-2.7
*
3-2
2.3
-3.7
1,3
-4,0
6
7
8
9
10
11
12
13
-.6 17
1-2 18
.6 19
-2-3 20
1.0 21
.5 22
- 1 . 3 23
-.3 24
Baised, All Sectors, by Type
169-1
249.2
230.8
221.5
.9
-.1
-.2
13.7
13.8
10.4
,9
4.8
10.9
93,176 125,273
8,947
42,619
4,461
7,303
5,219
7,283
21,513
29,946
154.5
30.9
17.4
24.7
52.5
191.3
23.6
14.7
20.3
76.8
239.0
28.3
14.7
14.6
79.9
225.1
31..9
16-5
24.9
60.5
210.9
94.9
16.1
36.7
57.2
14.7
11.0
19.8
26.1
24-3
48.8
-.1
3.5
1.6
8,4
8.3
-2,484
-1,988
14,576
9,260
2
3
4
5
9,7 14
3.2 15
7.1 16
125,283
2,200
-2,190
98,443
2,085
3,182
12
13
14
15
16
17
18
19
6.6 20
9.6 21
-10-5 22
-2,6 23
10-1 24
3.2
8,700
3,457
3,301
3,266
5,042
98.4
16.1
27.2
55.0
39.5
*
11.0
4.6
16.6
25,292
9,182
4,268
-3,866
5,646
11,938
11,634
INFORMATION.
1 64- 8
15-5
51-3
98.0
212
67,796 112,037 139,951
41,124
34,669
14,052
7,367
6,916
10,890
9,277
4,029
16,881
35,839
22,443
32,833
AND INCOMPLETE
9-9
32-6
1,344
8,967
6,920
97,652
32,426
1,682
8,205
29,987
4,550
17,146
-1,468
4,140
6-9
15.1
114.. 9 9
9-9 10
105-0 11
Sectors
3,098
Total Credit Market Funds
1 Total funds raised
Mutual fund shares
2
Other c o r p o r a t e equities
3
7.4
-.4
4.4
660
270
937
Total funds raised
1 by financial s e c t o r s
9.9
3,486
14,978
1,271
7,756
4,810
1,141
41 Memo: U . S . Govt, cash balance
1975
61,676 103,746
99,754
59,986
19,070
19,155
Private domestic
Nonfinancial sectors
C o r p o r a t e equities
Debt i n s t r u m e n t s
($ MILL.J
Nonfinancial Sectors
3 U . S . Governnent
Treasury issues
4
Agency issues and mortgages
5
9
10
11
Markets
Markets
9,280
22,445
19,603
20,466
205.. 0
20.2
-.3
9-9
9.6
41.3
17.7
22.5
-12.2
-1.2
J
2
3
«
5
6
7
8
9
10
11
9.8 12
AUGUST 2 % . 1»81
F u a d s Raised in Credit Sarket*
F u n d s Baised xn Credit
Suaaary ox Funds Raised in Credit
SEASONALLY
ADJUSTED ANNUAL BATES
19 76
1977
1978
1980
i
273.6
262.8
336.6
333.5
3
4
5
69.0
69.1
56.8
57.6
-.1
-.9
6
7
8
204.6
10.8
193.8
3.1
-.6
276.7
342.4
9
10
11
185.0
10.5
174.5
266.0
308.7
2.7
-.1
263.2
308.8
12
13
14
15
16
17
18
19
123.7
15.7
22.8
85-2
64.0
172.2
21.9
21.0
129.3
96.3
193.7
26.1
20.1
147.5
108.5
279.8
395.5
396.1
53.7
55. 1
-1.4
341.8
3.9
7.4
9.4
11.6
18.5
22.1
5.7
7.1
7.5
20
21
22
23
24
50.7
25.4
91.0
40.2
26.7
115.1
47.6
37.1
2.9
5.2
16.9
21.3
25.1
25
26
27
28
29
30
31
32
33
185.0
15.2
89.6
80.2
10.2
266.0
17.3
139.1
109.5
12.3
12.7
84.6
81.9
34
35
36
37
38
39
40
19.6
42
43
4.4
4.0
5.7
64.3
53.7
10.5
308.7.
20.9
164.3
123.5
15.u
15.3
93.2
93.3
1
1980
II
1
Credit Market .Punds Raised by Nonfinancial
1
2
3
SEASONALLY
...
1979
III
IV
|
264-1
257.3
380.1
364.2
429.7
403.5
432.-8
420.4
37.4
38.8
-1.4
79.2
79.8
61-5
61.8
71.6
72-5
96.0
9b.6
87.7
88.3
127-0
127.3
-.6
-.3
-.9
-.6
-.6
-.3
349.7
-7.0
356.7
292.6
14.9
277.7
352.0
10.6
341.3
192.5
284.1
16.0
268.1
342.0
26.2
315.8
305.8
12.4
293.4
363.8
328.6
-7.8
336.4
263-4
12.9
250.6
327.0
155.6
8.0
5.9
319.0
149.7
255.7
12.6
243.1
315.5
25.0
290.5
274.8
11.9
263.0
290. 1
-10.0
300.1
200.1
21.8
21.2
157.2
113.7
7,. 8
24.4
11.3
179.4
26.9
30.4
122.1
81.7
200.7
19.1
30.5
151.2
100.1
153.2
24.1
40.1
89.0
52.9
178,6
32.9
32.4
113.2
82.4
185.2
31.3
18.8
135.1
91.7
175.4
31.0
27.4
117.0
79.2
150.4
24.6
11.6
114-2
72-4
136.3
46.3
49.2
11.1
29.7
71.1
-.1
33.1
21.1
6.8
185.7
405.7
415.0
6.1
9.3
9.9
19.5
12.2
18-5
14.0
118.2
23.2
35.1
32.3
27.5
-3.5
-33.4
-8.1
17.4
20.7
64.4
49.5
-13.5
20.2
105.3
11.1
72.8
-9.7
31.1
87.5
27.5
11.6
20-7
27.7
149-7
30.9
60.1
14.4
44.2
263.4
25-3
101.7
136.5
14-5
15.8
106.1
93.2
12.9
327.0
18.5
140.2
168.3
22.3
19.3
126.7
118.7
155.6
21.0
48.2
86,-5
13.6
8.0
5.9
255-7
32-1
104.1
119.5
10.1
16.1
93.3
80.6
12.6
315.5
29.7
114.2
171.6
12.1
25.1
134.3
109.3
25.0
274.8
29.4
123.9
121.6
25.4
18.9
77.3
65.4
11.9
290-1
19.7
118.4
151.9
26.3
15.7
109.9
119.9
-10.0
By borrowing s e c t o r :
State*local governments
Households
Nonfinancxal b u s i n e s s
far a
Nonfara n o n c o r p o r a t e
Corporate
Debt i n s t r u m e n t s
Equities
25
26
27
28
29
30
31
32
33
29-2
25.0
36.9
28-4
26.5
31.0
64.5
Foreign
Corporate equities
Debt instruments
Bonds
Bank loans n - e . c .
Open-aarket paper
U.S. Governnent loans
34
35
36
37
38
39
40
Memo: U.S. Govt, cash balance
41
2.3
37.3
6.6
24.9
8.3
2.8
70.1
64.2
2.6
-9
3.3
1.2
.6
.7
22.4
36.0
25.1
25.3
30.4
63.8
8.6
5.6
1.9
3.3
5.0
3-1
2.4
3.0
3.5
9.6
-.1
-.6
11-5
10.1
.4
2.5
12.9
21.1
11.2
13.0
18.5
8.0
3.0
4.7
6.4
4.4
4,-3
1.1
3.7
.8
375.7
83.0
Market
419.1
67.1
274.1
81.7
F u n d s Raised by Financial
376.3
92.2
1.4
2.3
5.1
22.0
34.9
19.2
4.8
4.6
24.2
-29.1
433.2
91.2
408.6
102.8
434.8 Total funds raised
80.3
By U.S. Government
23.4
51.4
76.8
84.3
66.7
86.5
33.2
71-4
75.6
54.3
122.8
2
3
4
5
15.1
21.9
36.7
23.1
13.6
48.2
24.3
24.0
43.0
24.4
18.6
52.8
31.4
21.4
36.5
18-8
17.7
36.3
16.4
20.0
46.3
31.1
15.2
25.8
8-6
48.5
39.6
17.2
8.9
6
7
8
9
10
11
12
13
7.0
16.1
-1.2
-.4
8.2
-.2
8-4
9.8
2.1
29.5
33.6
1.8
2.5
6.2
2.1
38.3
33.6
17.5
31.6
7.5
.9
2.8
7.8
-1.2
16.8
66.7
24.4
18.6
86.5
31.4
21-4
36.0
23.7
33.6
1.6
6.5
.5
6.9
6.9
.9
5.8
14.6
12.5
18.2
9.2
16.1
76.8
23.1
13.6
84.3
24.3
24.0
29.5
40.1
1.1
2.0
9.9
1.4
1.3
7.2
14.3
11.4
23.4
51.4
2.9
5.8
12.2
17
18
19
20
21
22
23
24
8.2
2.3
5.4
.1
.9
4.3
-.4
.8
.9
16.9
-2.3
18.1
-1.1
16.8
.4
-.5
-.4
-.6
4.2
-4.4
11-1
3.9
-
-
-
•
35-0
29.3
28.5
74.3
10.6
63.7
-3.3
12.1
-15.4
16.0
-7.2
-11.1
-5.6
-7.5
7.1
-.9
-.5
4.6
7.1
14
15
16
-2.2
-2.4
23.7
2.6
-2.0
2.2
36.0
26.9
10.1
3.1
-.3
9.6
4.3
-3.7
40.1
8.8
1.6
9.2
26.2
27.7
19.4
-5.0
-2.. 9
4.3
4.5
1.8
4.1
3.4
3-0
-1.7
2.4
.7
16.4
34.3
27.5
5.5
-3.7
10.1
13.8
33.2
18.8
17.7
71.4
16.4
20.0
75.6
31.1
15.2
54.3
-3.3
35.0
29.3
28.5
74.3
.2
.1
1.1
7.0
.9
14-5
27.1
10.1
10.0
14.3
1.7
1.7
.4
3.0
-17.0
15.2
.9
9.7
.9
.6
-1.7
-1.3
4.4
.2
-1.4
10.3
-.2
.9
13.1
15.2
.9
2.3
8.5
8.6
17.2
11-3
10.3
-1.6
-2.4
6.8
.1
-.7
8-9
505.3
487-2
Total Credit Market F u n d s fiaised. All Sectors, by
.1
.9
23.3
-1.6
10.0
472.3
471.4
-.5
1.7
-.6
4.4
.2
297.3
10.3
451.5
.4
5.3
6.8
.1
8-9
-3.9
16.7
12.5
8.6
18.0
27.7
12.7
4
5
6
7
8
286.4
84.6
15.7
41.2
87.2
382.2
79.9
21.9
36.1
132.3
471.1
90.5
26.1
31.6
148.3
475.8
85.7
21.8
32.9
155.9
417.4
122-3
26-9
38-4
121-1
487.2
114.4
19.1
35.0
146.8
278.4
108.2
24.1
59.6
81.7
426.7
132-5
32.9
36.6
117.7
477.5
134.0
31.3
22.3
138.3
465.6
152.9
31.0
23.7
114.0
527.2
99.8
24.6
19-7
112.4
9
10
11
12
25.4
40.2
29.5
15.0
27.4
47.6
59.0
26.4
41.5
46.3
51.0
40.5
41.9
2-3
23.2
48.8
49.2
50.7
-33.4
-9.6
30.3
17.5
8.3
48.4
21.4
36.7
64.2
1(1.1
90.3
4.6
1.5
30.0
48.6
27.5
16.3
59.1
41.1
30.9
95.7
67.9
76.3
17.8
BILLIONS OF DOLLARS.
11/81 BASED ON INCOMPLETE
INFORMATION.
Private financial s e c t o r s
Corporate e q u i t i e s
Debt i n s t r u a e n t s
Corporate b o n d s
Mortgages
Bank loans n.e.c.
Open-aarket paper
Loans froa F H L B ' s
agencies
Private financial sectors
Commercial banks
Bank a f f i l i a t e s
Savings and loan assns.
Other i n s u r a n c e companies
Finance companies
Beits
Mutual funds
528.5 Total funds raised
Mutual fund shares
10.0
Other corporate equities
-8-8
388.0
6.2
8.1
U . S . Government-related
Sponsored credit ag. s e c
Mortgage pool securities
Loans froa U . S . Government
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
Type
297.0
-2-4
13.1
499.9
Total funds raised
by f i n a n c i a l sectors
122-8 T o t a l , by sector
39.6
Sponsored credit
Mortgage pools
8.9
1
2
3
438-5
42
43
Sectors
1
3.3
20
21
22
23
24
9.5
24.0
6.9
2.0
12.2
Other debt instruaents
Consuaer credit
Bank loans n..e.c.
Open-market paper
Other
8.2
15.7
9.0
27.2
Credit
12
13
14
15
16
17
18
19
7.8
.9
386.5
36.8
Debt capital instruaents
St.+local obligations
C o r p o r a t e bonds
Mortgages
Home aortgages
Multi-family resid.
Coaaercial
Farm
19-3
20.3
391.7
49.9
9
10
11
8.6
-.5
335.5
55.7
6
7
8
30.4
12.2
33.6
270.5
65.9
Private domestic
Nonfinancial s e c t o r s
Corporate e q u i t i e s
Debt instruaents
3
4
5
8.5
9.5
.4
3.9
2.3
sectors
1
2
22.4
13.5
4.0
aortgages
354.5 All other nonfinancial
Corporate e q u i t i e s
-9.3
Debt instruments
.3
6.6
3.9
Total funds raised
by n o n f i n a n c i a l s e c t o r s
Excluding equities
51.2 U . S . Governnent
51.7
Treasury issues
Agency issues and
-.5
19.3
19.1
_—
Sectors
413.4
402.8
2.7
HATES
II
371-8
356.9
13.9
ADJUSTED ANNUAL
1981
I
387.1
394.0
328.6
18.4
170.6
139-6
20.8
14.0
104.8
112.6
-7,8
darkeis
Markets
Debt instruaents
U.S. Governaent securities
State * local obligations
Corporate • foreign bonds
Mortgages
Consuaer credit
Bank loans n . e . c
Open-aarket paper
Otner loans
1
2
3
4
5
6
1
8
9
10
11
12
AUGUS? 24. 1981
Credit Macket Supply of Funds
Credit Market Supply o-f Funds
Direct and Indirect Sources of Funds to credit Markets
UNADJUSTED NET PLOWS ($ BILL.)
OMA0J0STEO HEX FLOMS (S MILL.J
1980
II
Total funds advanced in credit markets
1
to nonfinancial sectors
81,603
III
IV
|
J
1981
I
BILLIONS OF DOLLARS
1972
1973
1974
II
59,986
99,754 115,597
86,634
94,980
25,754
10,577
6,885
-1,758
10,050
18,347
28,107
8,818
7,852
4,802
6,635
18,335
4,354
4,644
44.0
34.4
9,125
28,970
3,182
5,403
6,920
13,465
5.2
28,107
4,947
12,414
1,105
9,641
18,335
7,294
6,609
-4,248
8,680
28,970
8,924
15,766
1,591
2,689
13,450
6,758
11,473
1.975
166-3
194.7
187.5
201.7
1
19.4
32.8
51.0
7.6
7.0
*
39.6
18.0
15.8
-4.0
4.7
9.5
8.2
7.2
7.9
2
3
4
5
6
44.0
19.4
32.8
2.8
5.9
8.9
1.8
8.8
-3
3.9
9.4
U.4
19-1
24.2
11.6
By public agencies and foreign
17,658
-4,628
9,201
2,284
10,801
Total net advances, by type
U.S. Government securities
Residential mortgages
FHLB advances to s+l's
Other loans and securities
830
7,186
1,797
8,534
Totals advanced by sector
17,658 25,754 18,347
U.S.. Government
6,948
6,652
5,192
Spons. credit ag.+atg. pools 14,501
6,706 10,203
Monetary authority
-1,752
8,681 -3,537
Foreign
-2,039
3,715
6,489
Agency borrowing and pool security issues not included
in line 1
13,335
8,654
7,532
212
7.0
-2.7
9.4
13.2
6.7
21.7
9.8
51.0
39.6
26.4
a. 4
9.2
.6
11.2
6.2
7
8
9
8 . 5 10
6 . 1 11
Private domestic funds advanced
77,280
37,054
1,682
5,738
12,264
22,826
2,284
42,886
3,475
7,367
12,006
9,010
9,270
-1,758
88,939 100,940
33,839 32,306
6,916
10,890
2,956
7,695
18,712 19,066
19,600 44,498
4,802
1,797
75,057
38,265
4,461
4,982
10,635
16,926
212
77,483
5,765
7,303
4,927
15,566
50,842
6,920
104.4
-3.6
17.4
19.5
30.8
37.6
-2-7
155.3
16.0
14.7
13-1
48.1
63.4
181.8
18.8
14.7
10.0
48.4
97.0
157-2
22.5
16.5
20.9
28.3
75.6
*
7.2
6.7
55,041
9,734
8,255
23,924
13,128
51,146
5,671
7,449
21,343
16,683
74,057
36,485
20,553
20,007
-2,988
89,184
47,806
21,343
14,499
5,536
61,404
2,184
7,613
19,975
31,632
79,042
33,885
11,153
18,876
15,128
108*3
50.4
38.7
13.6
147-7
70.3
46.1
16.9
14.3
162-3
34.6
35.1
23.7
18-9
126.6
66.8
24.2
29.8
25 Sources of funds
26
Private domestic dep. +
27
Credit market borrowing
55,041
20,527
2,714
51,146
36,912
-844
74,057
42,674
4,751
89,184
70,268
10,904
61,404
46,221
-216
79,042
33,209
18,820
108.3
90.3
147.7
102.2
16.6
162-3
97.2
24-3
126.6
67.6
16.9
28
29
30
31
32
15,078
3108QO
7,448 -17,240
4,927
-6,376
17,496 17,811
13,232
9,580
26,632
-8,427
6,064
16,187
12,808
8,012
-4,658
-7,173
12,572
7,271
15,399
-4,892
-1,698
12,990
8,999
27,013
3,159
1,942
14,637
7,275
11.9
-4.6
40.8
-1.0
18.4
20.3
42.0
10-1
-5.1
26-2
10.8
30.3
-a.i
-1.7
29.7
11.0
28
29
30
31
32
19,633
11,406
2,990
1,783
-3,318
6,772
22,660
13,792
1,648
-154
-24
7,398
13,437
5,804
3,534
816
-359
3,642
17,261
1,925
4,739
-145
4,537
6,205
43.9
18.8
47.5
19.1
5.4
1.9
9.8
8.0
9.4
5-1
5.8
8.1
47.9
25.4
8.4
8.9
-1.3
6.6
33
34
35
36
37
38
13 Total net advances
14
U.S. Government securities
15
State and local obligations
16
Corporate and foreign bonds
17
Besidential mortgages
18
Other mortgages and loans
19
Lessz FHLB advances
172.4
76.9
16.1
32.8
23.6
18.9
-4.0
13
14
15
16
17
18
19
123.4
29.4
53-2
40.6
.3
20
21
22
23
2-tt
Private financial intermediation
20
21
22
23
24
Credit market funds advanced
by private financial insts.
Commercial banking
Savings institutions
Insurance and pension funds
Other finance
Other sources
Foreign funds
Treasury balances
Insurance and pension res.
Other, net
5.6
6.1
28.9
3.9
.7
2.2
8.8
5.4
11.8
12.5
2.3
24.2
3.1
5-7
123.4 25
94.2 26
^1.1 27
Private domestic nonfinancial investors
33 Direct lending in cr. markets
34
U.S. Government securities
35
State and local obligations
36
Corporate and foreign bonds
37
Open-market paper
38
Other
39 Deposits and currency
40
Currency
41
Checkable deposits
42
43
Small time • svgs. deposits
Money market fund shares
44
45
46
Large time deposits
Security RP's
Foreign deposits
47
Total of credit market instruments,deposits, and currency
48 Public holdings as % of total
49 Pvt. finan. intermediation (X)
50 Total foreign funds
24,953 -9,104
20,116 -11,910
-1,301
-281
-989
5,134
4,680 -5,098
2,447
3,051
-10.9
.8
10.4
-1.9
3.9
4.2
3.0
6.5
1.3
9-2
22,103
498
-23,209
39,499
3,458
3,259
43,648
1,542
9,447
76,332
4,827
13,689
47,936
-810
-7,200
38,814
2,485
-2,419
94.1
102.2
73.7
3.4
4.4
3.9
10.4
17.0
10.6
6.3
2-2
17,894
15,322
21,538
15,632
21,067
1,264
20,423
-2,984
12,393
37,096
2,232
14,964
66.1
68.7
37.0
31.2
-
-
9,828
692
1,078
-5,481
1,964
-871
6,882
4,014
-568
39,279
-139
1,237
-305
4,237
2,525
14,259
4,173
3,120
12.9
14.9
.8
.4
1.6
.9
47,056
30,395
63,281
98,992
61,373
56,075
96.4
21,638 42,933
71,222 119,260
5,409 -13,525
18,392
83,267
-1,938
24,314
88,353
4,983
21,163 30,501
81,809 102,011
3,788
5,848
30.9
103.7
21-8
107.5
-
2.4
101.2 39
6.2 40
9.4 41
98.1 42
1.3 43
38.6
11.0
34.1
-2.2
1.2
-.2
- 1 4 . 8 44
. 2 45
. 8 46
131.7
146.1
121.3
149.1 47
11-6
95.1
12.3
16.9
89.3
3.7
27., 2
80.5
21.3
19.6 48
71.6 49
- 2 . 6 50
Corporate Equities Not Included Above
1 Total net issues
2
Mutual fund shares
3
Other equities
3,044
-76
3,120
4,456
2,304
2,152
6,059
1,559
4,500
7,481
563
6,918
5,267
2,085
3,182
10
2,200
-2,190
14.6
-9
13.7
13.7
-.1
13.8
10.2
-.2
10.4
5.7
.9
4.8
10.6
-.3
10.9
1
2
3
4 Acq. by financial institutions
5 Other net purchases
-651
3,695
4,309
147
6,349
-290
7,694
-213
4,811
456
6,138
-6,128
19.2
-4.6
16.4
-2.7
13.2
-3.0
5-8
. -.1
9.8
-8
4
5
11/81 BASED ON PRELIMINARY AND INCOMPLETE INFORMATION..
AUGUST 2 4 , 1981
Credit Market Supply of Funds
Credit
Direct and Indirect
SEASONALLY ADJUSTED
1976
1977
ANNUAL
Sources of Funds to Credit
1979
396.1
394.0
Supply of Funds
5
RATES
1978
Market
Markets
SEASONALLY ADJUSTED ANNUAL
1
262.8
333.5
2
3
4
5
6
49.8
23.1
12.3
-2.0
16.4
78.9
34.9
20.0
4.3
19.8
101.5
36.1
25.7
12.5
27.2
72.4
-6.2
36.7
9.2
32.7
89.9
15.6
31.1
7.1
36.0
7
8
9
10
11
49.8
7.9
16.8
9.8
15.2
78.9
10.0
22.4
7.1
39.4
101.5
17.1
39.9
7.0
37.7
72.4
19.0
53-4
7.7
-7-7
13
14
15
16
17
18
19
228.1
61.5
15.7
30.5
55.5
62.9
-2.0
276.5
45.1
21.9
22.5
83.7
107.7
4.3
331.3
54.3
26.1
22.6
92.1
148.6
12.5
369.9
91.9
21.8
25.6
84.6
155.1
9.2
RATES
Total funds advanced in credit markets
420.4
415.0
to nonfinancial sectors
257.3
364.2
93.6
-7.6
36.8
16.8
47.5
108.9
54.0
29.8
-7.5
32,6
60.5
-7.8
28-3
5.5
34.6
89.9
23.7
43-8
4.5
17.8
93-6
28.6
58.8
2.6
3.5
108.9
22.2
26.0
21.5
39-3
60.5
96.4
121.2 Totals advanced by sector
102.0
30.8
U , S , Government
20.8
23.4
29.5
62.4
Spons. credit ag.+ntg. pools
48.2
42.3
26.9
-7.8
Monetary authority
9.1
-15.2
-7.1
35.8
Foreign
6.8
21.6
52.7
Agency b o r r o w i n g and pool security issues not included
36.3
46.3
25.8
48-5
in line 1
310.0
106.7
26.9
28.4
59.1
96.2
7.1
362.1
122.0
19.1
25.5
71.8
140.6
16.8
184.9
54.2
24.1
42.6
30.7
25.7
-7.5
339.9
140.3
32.9
29.7
62.2
80.3
5,5
By public agencies and .foreign
96.4
23.8
29.5
13.8
29.3
102.0
33.8
18.2
8.5
41.5
121.2 Total net a d v a n c e s , by type
24.0
0..S. Government securities
24.2
Residential mortgages
27.5
FHLB advances to s*l*s
45.5
Other loans and securities
Private domestic funds
353-3
110.2
31.3
15-8
71-5
138.2
13.8
344.2
119.1
31.0
23.2
67.0
112.3
8.5
advanced
342-4
342.4 Total net advances
U.S. Government securities
75-8
State and local obligations
24.6
C o r p o r a t e and foreign b o n d s
12,8
Residential mortgages
57.3
Other mortgages and loans
199.3
Less: FHLB advances
27.5
Private financial
intermediation
Credit market .funds advanced
by private financial i n s t s .
Commercial banking
Savings I n s t i t u t i o n s
Insurance and pension f u n d s
Other finance
20
21
22
23
24
191.4
59.6
70.5
49.7
11.6
260.9
87.6
82.0
67.8
23.4
302-4
128-7
73.5
75.0
25.2
292.5
121.1
55.9
66.4
49.0
269.4
99.7
57.6
79.8
32-4
30.1.3
102.2
44.9
87.7
66.5
191.6
14.7
26.9
90.8
59.2
273.3
126.0
71.2
/75.6
-4
311.6
155.8
87.4
65.0
3.3
325,7
70-5
44.4
70.9
139.9
309.5
133.9
41.6
81.4
52.6
25
26
27
191.4
124.4
8.4
260.9
138.9
26.9
302-4
141.7
38.3
292.5
142-5
33.6
269.4
170.4
17.5
301.3
154.9
31.6
191.6
161.8
-15-4
273.3
173.9
26.2
311.6
190.9
27.7
325.7
261.8
19.4
309.5 S o u r c e s of funds
25
152.5
Private domestic dep- • BP*s 2£
63.7
Credit market borrowing
27
28
29
30
31
32
58.5
-4.7
-.1
34.3
29-0
95.1
1.2
4.3
50.1
39.5
122.3
6.3
6.8
62.2
47.1
116.4
26.2
.4
47.8
41.9
81.5
-22.9
-2.6
64.1
42.9
114.8
13.5
.7
67.6
33.0
45.3
-59.3
-5.3
72.4
37.4
73.2
-42.5
9.8
65.6
40.2
92.9
-3-3
-15.4
50.6
60.9
44.5
-43,4
24.8
49.4
13.6
93.3
25.2
-23.1
59.8
31.3
33
34
35
36
37
38
45.1
16.4
3.3
11.8
1.9
11.7
42.4
24.1
-.8
-3.6
9.6
13.2
67.3
35.6
1.4
-2.6
16.5
16.4
111.0
62.8
1.4
12.0
11.4
23.5
58.1
33.4
3.1
5.8
-3.8
19.7
92.4
59.8
2.0
-2.6
12.9
20.3
-22.2
-21.8
-5-7
15.3
-21.8
11.7
92.9
54.4
5.8
4.9
1.1
26.8
69.5
41.2
10.1
5.5
-7.2
19.8
37.9
-5,5
22..1
6.3
-8.7
23.7
39
40
41
133.4
7.3
10.4
148.5
8.3
17.2
153.0
9.3
17.2
151.9
7.9
19.2
181.6
10.3
3.2
167.3
8.0
3.4
167.3
9.0
-7.2
181,1
9,5
43.2
210,7
14.8
-26.7
274.5
2.5
72.3
42
43
123.5
94.0
.2
57.5
6.9
61.7
34.4
80.9
29.2
48.8
61-3
84.5
62.5
88.7
5.1
101.7
-11.9
29.8
148.4
5.9
59.9
44
45
46
-11.8
2.3
1.7
25.3
2.2
1.3
52.6
7.5
2.0
20.6
6.6
1.5
50.5
6.5
.9
38.6
2-8
4.3
14.1
7.9
-3.5
20.9
16.1
-2.3
128.4
-.6
4-9
-5.6
16.9
10.1
100.0
16.7
12.5
178.5
191.0
262.9
239.7
274.0
280.1
19.0
83.9
10.5
23.7
94.4
40.6
18.4
79.1
18.5
25.2
86.9
-5.1
16.6
80.4
-35, 7
23.9
88.2
18.3
24.3
94,6
9.3
29,2 Public h o l d i n g s as X of total
48
90.4 P v t . f i n a n . intermediation (X) 49
61.0 Total foreign funds
50
1,3 T o t a l n e t i s s u e s
10.0
Mutual fund s h a r e s
-8.8
Other e q u i t i e s
Private
*
48
49
50
25.6
91.3
43.9
23.2
83.2
17.0
42.3
103.6
-20.0
Corporate Equities Not Included
investors
33
34
35
36
37
38
39
40
41
170.1 Deposits and currency
5.1
Currency
-29.9
Checkable deposits
Small time * s v g s . deposits
Money market fund shares
42
43
Large time deposits
Security fiP*s
Foreign deposits
44
45
46
Above
10.6
-2.4
13.1
5.7
.4
5.3
1.2
-.5
1.7
-4.5
-.6
-3.9
21.0
4.4
16.7
12.7
.2
12.5
18-9
10.3
8.6
24,8
6.8
18.0
27.8
.1
27.7
21.6
8.9
12.7
4
5
12.5
-1,9
7.4
-1.6
4.5
-3.4
10.6
-15.1
17.7
3.3
6.6
6.1
14,4
4.5
24.3
-5
25.5
2.3
29.0
-7.4
11/81
domestic nonfinancial
96,6 Direct lending in c r . markets
45.8
U . S . Government securities
14.4
State and local obligations
-7.2
Corporate and foreign bonds
17.5
Open-market paper
26.1
Other
Total of credit market i n s t r u 266.7
nents,deposits, and currency 47
1
2
3
BILLIONS OF DOLLARS
Other sources
28
f o r e i g n funds
29
Treasury b a l a n c e s
30
I n s u r a n c e and pension res,. 31
O t h e r , net
32
2 1 , 4 ACQ, by f i n a n c i a l i n s t i t u t i o n s
- 2 0 . 1 Other n e t p u r c h a s e s
BASED ON INCOMPLETE INFORMATION.
Line
1.
Page 2, line 2.
31.
Excludes investment of these reserves in corporate equities.
6.
Includes farm and commercial mortgages.
32.
Mainly retained earnings and net miscellaneous liabilities.
12.
Credit market funds raised by Federally sponsored credit agencies.
Includes all GNMA-guaranteed security issues backed by mortgage pools.
Line 1 less line 2 plus line 12. Also line 20 less line 27 plus line
33. Also sum of lines 27, 32, and 38 less 47.
33.
34-38.
Line 13 less line 20 plus line 27.
Lines 14-18 less amounts acquired by private finance.
includes mortgages.
Lines 33 + 39 or line 13 less line 28 plus lines 40 and 46.
18.
Includes farm and commercial mortgages.
49.
Line 20/line 13.
26.
Line 39 less lines 40 and 46.
51.
Line 11 plus line 29.
27.
Excludes equity issues and investment company shares.
18.
Includes line
Foreign deposits at commercial banks, bank borrowings from foreign
branches, and l i a b l i t i e s of foreign banking offices to foreign
a f f i l i a t e s , net of claims on foreign a f f i l i a t e s and deposits by banking
in foreign banks.
30.
Demand deposits at commercial banks.
Line 38
47.
Corporate Equities
Line
1 and 3. Includes issues by financial institutions.
4
5
A0GUS1 24,
Households
6
Sector Statements of Saving and Investment
UNADJUSTED MET FLOWS ($ HILL.)
UNADJUSTED SET FLOHS ($ MILL.)
1980
I
II
III
IV
|
I
1981
I
II
1971
BILLIONS OF DOLLARS
1974
1972
1973
1975
Households, Personal Irusts, and Nonprofit Organizations
500,124 524,880 546,349 588,875 556,430 588,356
71,951 92,989 87,527 86,063 83,748 109,808
868.4
116.7
951.4
141.0
1065.2
150.7
1168-6
170-2
1265.0
16£-9
1
2
428,173 431,891 458,822 502,812 472,682 478,548
Disposable personal income
403,745 419,085 428,267 469,288 447,709 471,415
Personal outlays
7,133
24,428 12,806 30,555 33,524 24,973
Personal saving, NIA basis
7,685
2,712
5,592
9,898 14,790
4,998
Credits from govt, insurance
1,228
692
325
124
558
Capxtal gains dividends
800
4,995 10,061
5,b79 15,317
6,762
5,998
Net durables in consumption
751.8
691.1
60.6
9.5
.8
26-6
810.4
757-7
52.6
11.6
1.4
34.6
914.5
835.5
79.0
11.8
-9
40.4
998.3
913-2
85.1
12.6
.5
28-4
1096.1
1001.8
94.3
15.1
.2
26-5
3
4
5
6
7
8
25,679
63,824
89,503
97.5
86.7
184.2
100.3
94.3
194.6
132.1
103.3
235.4
126.6
116.7
243.3
136-1 9
132.2 10
268.3 11
121,590 108,822 131,115 123,265 128,667 105,268
12 Gross investment
Capital expend, net of sales 75,467 73,425 75,490 88,677 78,496 83,591
13
24,847 20,956 22,891 25,097 24,089 22,799
Residential construction
14
Consumer durable goods
48,788 50,624 50,740 61,707 52,520 58,891
15
1,901
1,887
1,845
Nonprofit plant and equip.
16
1,873
1,859
1,832
190.9
136.3
34.0
97.2
5.0
217.8
159-4
42.8
111.1
5.4
250.8
176.8
48.1
123.3
5.4
257-7
171-9
44.9
121.5
5-4
296.1
183-0
45.6
132.2
5.2
17 Net financial investment
Net acg. of financial assets
18
46,123
69,571
35,397
48,568
55,625
87,205
34,588
76,460
50,171
67,111
21,677
52,746
54.6
103.0
58.4
129.0
74.0
149.1
85-8
137-0
na. 1 17
19
20
21
22
23
24
Dep. • cr. mkt. instr. (1)
Deposits
Checkable dep. + curr.
Small time + svgs.dep.
Large time deposits
Honey market fund shrs
54,842
34,373
-7,234
18,214
8,071
15,322
27,565
37,237
4b9
21,246
-110
15,632
56,875
48,323
17,769
21,197
8,093
1,264
61,922
50,703
-1,097
20,590
34,194
-2,984
58,215
52,574
6,937
12,450
-3,909
37,096
46,603
36,182
13
75.4
79.8
12.1
66.1
1.6
102.0
88.0
13.6
68.7
5-7
115.8
77.5
13.9
37-0
26.6
-
-
-
104.8
65.7
7.6
31-2
24.6
2.4
124-6
91-5
6.9
97.2
-13.8
1.3
19
20
21
22
23
24
25
26
27
28
29
JO
Credit mkt. instruments
O.S. Govt, securities
St.+local obligations
Corporate • fgn. bonds
Mortgages
Open-market paper
20,469 -9,672
18,452 -10,400
-451
-973
5,134
-989
1,536
2,144
1,835 -5,491
8,552
5,704
2,827
1,783
2,051
-3,813
11,219
7,560
1,611
-154
2,364
-162
5,641
936
3,250
816
2,198
-1,559
10,421
-1,249
4,691
-145
3,076
4,048
-4.4
-12.3
.1
10.4
1.3
-3.8
14.0
.4
2.3
6.5
6.4
-1.7
38.3
18.5
5.3
1-9
3.4
9.1
39.1
19.8
8-3
5.1
4.3
1.7
33-0
18-7
6.2
8.9
3.7
-4-4
25
26
27
28
29
30
1 Personal income
2 - Personal taxes and nontaxes
=
=
*
•
•
3
4
5
6
7
8
9 - Net saving
10 + Capital consumption
11 = Gross saving
35,982
55,264
91,246
29,590 51,349 55,125
56,760 58,458 60,362
86,350 109,807 115,487
33,908
61,958
95,866
2t099
19,106
14,964
12
13
14
15
16
165.1 18
31
32
Mutual fund shares
Other corporate equities
-76
1,617
2,304
-2,565
1,559
-2,603
563
-2,726
2,200
2,085
-3,295 -11,207
.9
-6-4
-.1
-5-1
-.2
-5.5
.9
-1.6
-.3 31
-3.5 32
33
34
Life insurance reserves
Pension fund reserves
2,953
14,330
2,851
19,385
2,821
28,308
2,859
15,523
2,887
12,798
3,072
16,809
6.3
21.1
6.9
22.6
7.6
25.4
6-7
29.6
8.7 33
34-9 34
35
36
37
Net inv. in noncorp. bus.
Security credit
Hiscellaneous assets
-6,715
754
1,866
-3,940
1,087
1,881
-2,879
1,198
1,926
-4,765
1,086
1,998
-7,255
-426
2,102
-7,316
404
2,181
2.7
.5
2.3
.1
2.7
3.4
-.2
2.8
-5-1
-1-0
2-7
-3.5 35
.6 36
3.8 37
23,448
22,070
24,400
365
-2,927
-939
-1,409
2,580
13,171
11,603
13,571
362
-5,065
-1,233
1,002
2,966
31,580
30,030
21,341
365
2,600
1,950
2,073
1,701
41,872
37,965
24,079
376
6,808
1,113
3,923
1,666
16,940
18,376
17,773
360
-2,669
185
-182
2,909
31,069
28,061
16,104
360
7,691
1,589
433
1,884
48.4
44.7
26.2
1.2
11.1
3.6
1.2
1.4
70-6
64.9
41-4
1.3
14.9
4.9
1.1
1-3
75.1
78-4
47.3
1.1
20.2
4.1
3.4
2.4
51-2
51-3
35.4
1-1
9-5
.4
1-6
3.2
52-1
49-6
38.0
1.0
7.7
1-9
•1.2
2.2
555
504
319
692
566
310
677
566
307
3,091
505
311
-2,199
449
314
2,296
397
315
2.7
.7
.3
4-5
.7
.5
-4.3
.6
.4
-1-8
1-0
.7
.7 46
1.1 47
.7 48
-7,778 -32,801 -15,765
-6-7
-23.2
-15.4
-14-4
-27.8 49
Net increase in liabilities
Credit market instruments
Home mortgages
Other mortgages
Installment cons, credit
Other consumer credit
Bank loans n.e.c.
Other loans
38
39
40
41
42
43
44
45
46
47
48
Security credit
Trade debt
Miscellaneous
49 Discrepancy
(D
-30,344 -22,472 -21,308
*
38
39
40
41
42
43
44
45
Excludes corporate eguities.
Memoranda:
50
51
52
53
54
55
Net physical investment:
(A) Residential construction
Expenditures
Hobile homes
Other
- Capital consumption
- Home mortgages
= Excess net investment
24,847
1,217
23,630
10,770
24,400
-10,323
20,956 22,891 25,097
1,245
856
1,072
20,100 21,819 23,852
11,145 11,587 12,098
13,571 21,341 24,079
-3,760 -10,037 -11,080
24,089
1,293
22,796
12,506
17,773
-6,190
22,799
1,294
21,505
13,004
16,104
-6,309
34-0
3.1
31.0
13.3
26.2
-5.5
42.8
3.8
39-0
14-8
41-4
-13.4
48.1
4.2
43.9
17.1
47.3
-16.3
44.9
3.1
41.8
19.7
35-4
-10.2
45-6
2-3
43-3
22.2
38-0
-14.5
50
51
52
53
54
55
(B) Consumer durables
56
Expenditures
57
- Capital consumption
58
= Ret investment
48,788
42,790
5,998
50,624
43,862
6,762
50,740
45,061
5,679
61,707
46,390
15,317
52,520
47,525
4,995
58,891
48,830
10,061
97.2
70.7
26.6
111.1
76.5
34.6
123.3
82.9
40.4
121.5
93-1
28-4
132.2 56
105.7 57
26-5 58
59
60
- Consumer credit
= Excess net investment
-3,866
9,864
-6,298
13,060
4,550
1,129
7,921
7,396
-2,484
7,479
9,280
781
14.7
11.9
19.8
14-7
24.3
16.2
9-9
18.5
9.6 59
16-9 -60
61
62
63
64
(C) Nonprofit plant and equip.
Expenditures
- Capital consumption
- Nonprofit mortgages
= Excess net investment
1,832
1,704
365
-237
1,845
1,753
362
-270
1,859
1,810
365
-316
1,873
.1,874
376
-377
1,887
1,927
360
-400
1,901
1,990
360
-449
5.0
2.7
1.2
1.1
5.4
2-9
1.3
1.2
5.4
3-3
1.1
1.1
5-4
3-9
1.1
.4
14,386
5,705
17,716
2,965
16,020
6,659
14,614
6,667
15,050
5,283
18,663
1,490
13-4
8.1
14.8
6.5
14.1
8-6
14-6
8.5
13.4 65
8.6 66
5.2
4.4
1.0
-.2
61
62
63
64
Per cent ratios:
65 Effective tax rate
66 Saving rate, NIA basis
Per cent of disposable income adj. (2):
67 Gross saving
21,037
19,540
23,169
22,684
20,113
18,377
24.2
23-6
25.4
24-1
24.1 67
68
69
70
71
17,399
16,040
5,406
5,088
16,615
10,990
2,980
2,625
15,928
18,400
6,663
6,336
17,418
15,018
8,224
7,457
16,469
14,080
3,554
3,855
17,163
10,830
6,379
5,761
17.9
13.5
6-3
5.9
19.4
15.7
8-6
7.9
19.1
16.1
8.1
8.5
17.0
13.5
5-1
5.1
16-5
14.9
4.7
4.5
72 (2) Disposable income adj.
433,729 441,913 473,937 509,096 476,622 487,033
(NIA disposable income + govt- insurance credits • capital gains divid.)
762.0
823.4
927.2
1011.4
Capital expenditures
Acquisition of finan. assets
Met increase in liabilities
credit market borrowing
11/81 BASED ON PBELIfllNABI AND IMCOMP1E1E INFORMATION-
68
63
70
71
1111.4 72
AUGUST 24, 1981
Households
Sector Stateaents of Saving and Investment
SEASONALLY ADJUSTED ANNUAL RATES
1978
1979
SEASONALLY ADJUSTED ANNUAL RATES
1980
I
J
1980
I
II
III
IV
J
|
1981
I
II
Households, Personal Trusts, and Nonprofit Organisations
1
2
1391.2
196.8
1538.0
226.5
1721.7
258.8
1943.8
302.0
2160.2
338.5
2088.2
323.1
2114.5
330.3
2182.1
341.5
2256.2
359.2
2319.8
371.9
2368.9 Personal incoae
382.8 - Personal taxes and nontaxes
3
4
5
6
7
8
1194.4
1111.9
82.5
17.7
.5
40.0
1311.5
1237.5
74.1
22.5
.6
50.2
1462.9
1386.6
76.3
27.9
.7
56.3
1641.7
1555.6
86.2
24.4
.9
52.4
1821.7
1720.4
101.3
35.3
1.7
33.8
1765.1
1678.8
86.3
33.3
1.6
49.8
1784.1
1674.1
110.0
42.3
1.2
19,0
1840.6
1729.2
111.4
37.3
1.8
28.5
1897.0
1799.4
97.6
28.1
2.2
37.7
1947.9
1858.9
89.0
25.4
4-2
48.2
1986.1
1881.0
105.1
35.1
4.0
31.7
9
10
11
140.6
145.9
286.4
147.5
162.0
309.5
161.2
182.1
343.3
163.9
205.3
369.2
172.0
230.8
402.9
171.0
221.1
392.1
172.5
227.0
399.5
179.0
233.8
412.8
165.6
241.4
407.1
166.8
247.8
414.6
175.9 = Net saving
255.3 • Capital consuaption
431.2 = Gross saving
9
10
11
12
13
14
15
16
321.4
223.2
60.6
156.8
5.7
344.6
265.4
80.7
178.8
5.9
387.6
302.9
97.1
199.3
6.5
420.6
326. 1
106.6
212.3
7.2
484-8
313.1
93.8
211.9
7.4
469,2
331.2
102.9
220.9
7.3
477,9
296.8
95.0
194.4
7.4
493.5
302.1
85.9
208.8
7.4
498,5
322.4
91.6
223.3
7.5
501.2
346.0
100.2
238.3
7.5
480,0 Gross investment
337.4
Capital expend, net of sales
102.8
Residential construction
227.0
Consuaer durable goods
7.6
Nonprofit plant and equip.
12
13
14
15
16
17
18
98.3
194.4
79.2
221.6
84.7
253.0
94.5
266-9
171.7
281.8
138.0
283,7
18(1.1
235-6
191.5
301.8
176.2
306.0
155,2
273.3
142.6 Net financial investnent
17
273,1
Net acg. of financial assets 18
19
20
21
22
151.7
123.3
15.8
118.4
-10.9
161.4
129.0
21.3
95.6
12.0
.2
187.9
130.0
23.0
57.6
42.4
6.9
222.4
136.2
23.2
62.3
16.3
34.4
201.2
170.6
9,. 9
81.2
50.2
29.2
214.6
151.3
4.5
50.1
35.5
61.3
138-8
158.8
-4.7
83,3
17.6
62.5
208.2
162.8
43.1
89.2
25.4
5.1
243-3
209.6
-3.3
102.3
122.5
-11,9
225.0
226.9
64.1
30.1
-15.7
148.4
233.8
161.7
-3.2
5-3
99.7
59.9
Dep. + cr. akt. instr. (1) IS
Deposits
20
Checkable dep. • curr. 21
Saall tiae • svgs.dep. 22
Large tiae deposits
23
Honey aarket fund sirs 24
86.1
51.8
2.4
12,0
12.4
7.5
30.6
21.3
3-0
5.8
8.1
-7.6
63.2
50.3
3.3
-2,6
8.3
4.0
-20.0
-7.4
-6.3
15.3
5.2
-26.8
45.4
28.7
5, J
4,9
8.6
-1.8
33,6
13.7
10,0
5.5
10.3
-5.8
-1.9
-27,0
20.9
6,3
8.4
-10.5
72.1
41,5
14.2
-7.2
11.4
12.2
Credit akt, instruments 25
U, S, Govt, securities 26
St.+local obligations 27
Corporate • fgn, bonds 28
Mortgages
29
Open-aarket paper
30
23
24
*
25
26
27
28
29
30
28.5
10.3
2.0
11.8
7.6
-3.1
32.4
16.9
-1.5
-3.6
10.8
9.8
57.9
30.7
1.8.
-2.6
11.7
16.3
31
32
-2.4
-2.2
.4
-4.8
-.5
-5.2
-.6
-16.1
4.4
-6.3
,2
-.9
10,3
-8.0
6,8
-10,9
,1
-5.4
8,9
10.0
-42.4
33
34
8.4
44.0
11.5
54.6
12.0
61.8
12.5
54.3
11.5
77.5
11.8
71.8'
11.4
81,6
11,3
90.2
11,4
66.6
11.5
67.5
12.3
73.1
35
36
37
-12:0
1.5
5.5
-7.6
-1.0
6.9
-12.2
2.6
6.6
-13.4
.6
7.2
-18.3
4.1
7.7
-24.4
3.0
7.5
-10.3
4.3
7.5
-16.3
4.8
7.7
-22.4
4.3
8.0
-25-6
-1.7
8.4
-24.0
1.6
8.7
38
39
40
41
42
43
44
45
96.2
89.6
61.5
.8
21.5
3.9
1.8
142.4
139.1
93.0
1.1
34.9
5.3
2.5
2.3
168.3
164.3
107.6
1.3
41.9
5.7
4.1
3.8
172.4
170.6
114.6
1.5
39.2
7.1
1.8
6.4
110.1
101.7
83.4
1.5
1.4
.9
5.6
8.9
145, 7
140.2
104.2
1.5
21.8
1.4
1.0
10.3
54.4
48.2
64.7
1.4
-28,8
-4.6
3.6
11.9
110.3
104.1
80,9
1.5
-.1
8.4
6.6
6.8
129,8
114.2
83.8
1.5
12,7
-1,6
11.1
6.7
118.2
123.9
77.6
1,4
23.9
3.6
5.8
11.6
130.5
118,4
76.7
1.4
22.4
8.5
1.9
7.5
46
47
48
4.8
1.2
.6
1.3
1.1
.9
1.3
1.5
1.1
-1.2
1.6
1.3
5.0
2-1
1.2
2.2
2.0
1.3
2.8
2.3
1.2
2.7
2.3
1.2
12.4
2.0
1.2
1,8
1.3
9.2
1.6
1.3
-35.0
-35.1
-77,1
-78.4
*
=
=
•
•
•
1
2
Disposable personal incoae
3
Personal outlays
-4
Personal saving, NIA basis
5
Credits froa govt, insurance 6
Capital gains dividends
7
Net durables in consuaption
8
Mutual fund s h a r e s
Other c o r p o r a t e e q u i t i e s
3.1
32
Life insurance reserves
Pension fund reserves
33
34
Net inv, in noncorp, bus. 35
Security credit
36
Miscellaneous assets
37
Net increase in liabilities
Credit aarket instruments
Hoae aortgages
Other a o r t g a g e s
I n s t a l l a e n t c o n s , credit
ether consuaer credit
Bank loans n.e,c.
Other loans
38
39
40
41
42
43
44
45
Security credit
ffrade
debt
Miscellaneous
46
47
48
-48.8 Discrepancy
49
(1) Excludes corporate eguities.
Meaoranda:
Net physical investnent:
construction
<*) Residential
Expenditures
50
51
52
53
54
55
50
51
52
53
54
55
60.6
3.0
57.6
24.5
61.5
-25.4
80.7
3.9
76.9
28.6
93.0
-40.9
97.1
4.5
92.6
33.6
107.6
-44.0
106.6
5.0
101.6
39.1
114.6
-47.1
93.8
4.4
89.4
45.6
83.4
-35.2
102,9
4.9
98,1
43.1
104.2
-44.3
95.0
3.4
91.6
44,6
64,7
-14.3
85,9
4.3
81.6
46.3
80.9
-41.4
91.6
5-0
86.6
48.4
83.8
-40.6
100.2
5-2
95.0
50-0
77-6
-27.4
102.8
5.2
97.6
52.0
76.7
-25.9
56
57
58
156.8
116.9
40.0
178.8
128.6
50.2
199.3
143.1
56.3
212.3
159.9
52.4
211.9
178.1
33.8
220.9
171.2
49.8
194,4
175-4
19.0
208.8
180.2
28.5
223.3
185,6
37.7
238.3
190.1
48.2
IB) Consuaer durables
Expenditures
227.0
195.3
- Capital consuaption
31.7
= Net investnent
59
25.4
14.5
40.2
10.0
47.6
8.6
46.3
6.1
2.3
31.4
23.2
26.6
-33.4
52,4
8,3
20,2
11.1
26.6
27.5
20,7
30.9
.8
- Consuaer credit
s
Excess net investnent
59
60
61
62
63
64
5.7
4.5
.8
.4
5.9
4.8
1.1
6.5
5.5
1.3
-.2
7.2
6.3
1.5
-.6
7.4
7.1
1.5
-1.2
7.3
6.8
1.5
-.9
7.4
7.0
1.4
-1.1
7.4
7.2
1.5
-1.3
7,5
7.5
1.5
-1.5
7.5
7.7
1.4
-1.6
7.6
8.0
1.4
-1.8
Nonprofit plant and equip.
Expenditures
- Capital consuaption
- Nonprofit aortgages
= Excess net investnent
61
62
63
64
65
66
14.1
6.9
14.7
5.6
15.0
5-2
15.5
5.2
15.7
5.6
15.5
4.9
15.6
6,2
15,7
6.1
15.9
5.1
16.0
4.6
16,2 Effective tax rate
5.3 Saving rate, NIA basis
60
*
Mobile homes
Other
- Capital consuaption
- Hoae aortgages
= Excess net investnent
56
57
58
Per cent ratios:
65
66
Per cent of disposable incoae adj. (2):
68
69
70
71
18.4
16.0
7.9
7.4
19.9
16.6
10.7
10.4
20-3
17.0
11.3
11.0
19.6
16.0
10.3
10,2
16,8
15.2
5.9
5.5
72
1212.5
1334.7
1491.5
1667.1
1858.7
BILLIONS OF DOLLARS.
18.4
15.8
8.1
7.8
16.2
12.9
3.0
2.6
16.1
16.1
5.9
5.5
16.7
15.9
6.7
5.9
21,0
21.3 Gross saving
67
17.5
13,8
6.0
6:3
16.7
13,5
6.4
5.8
68
69
7D
71
Capital expenditures
Acquisition of finan, assets
Net increase in liabilities
Credit aarket borrowing
1800.0 1827.6 1879.7 1927.3 1977,5 2025.2 (2) Disposable incoae adj.
72
(NIA disposable incoae + govt, insurance credits • capital gains divid.)
11/81 BASED ON INCOMPLETE INFORMATION.
AUGUST 2 4 , 1981
Total and Noncorporate
lotal and Noncorporate
Business
Business
Sector Statements of Saving and Investment
UNADJUSTED
NiiT FLOWS
UNADJUSTED NET FLOWS
($ MILL.)
1980
II
III
Nonfinancial
1 Income b e f o r e
2 Gross saving
taxes
85,803
62,424
80,189
66,844
82,358
65,231
84,164
63,143
82,703
70,486
($ MILL.)
BILLIONS Of DOL1ABS
1972
1973
1974
1975
Business - Total
84,596
76,978
143.7
94.8
163-3
109.0
200.7
117.9
206.8
115.3
208.9
154-1
1
2
3
52,875
57,570
55,051
45,466
65,274
68,897
83.8
92.3
101.1
102.4
137-1
4 Capital expenditures
5
Fixed investment
6
Business plant • equipment
7
Home construction (1)
8
Multi-family residential
9
Change in inventories
10
Mineral r t s . from U . S . Govt.
67,653
63,289
66,195
-5,910
3,004
3,004
1,360
75,636
73,657
68,990
1,116
3,551
1,570
409
67,081
72,622
66,192
3,688
2,742
-6,601
1,060
75,039
75,208
71,938
1,029
2,241
-3,837
3,668
69,694
67,255
69,744
-4,574
2,085
3,976
-1,537
91,735
84,435
76,857
3,942
3,636
5,172
2,128
122.6
114.3
97.6
141.1
130-0
109.4
171.8
150.1
130.4
176-8
156,. 2
143.5
149.0
4
154. 6 5
146.0 6
2.8 7
5.8 8
-6-9 9
1.3 10
11 Net financial investment
12
Net a c q . of financial assets
13
Net i n c r e a s e in liabilities
14
corporate equities
15
Credit market i n s t r u m e n t s
16
Bonds
17
Mortgages
18
Bank loans n . e . c .
19
Other l o a n s
-14,778
24,387
39,165
2,000
35,447
7,189
6,680
7,964
13,614
-18,066
-6,511
.11,555
1,468
28,245
12,234
•12,030 -29,573
27,090 33,621
39,120 63,194
3,157
6,250
23,929 35,957
8,941
4,544
9,664
9,957 10,972
-3,249
9,831 17,211
9,596 - 4 , 8 0 0
3,230
-4,420
24,088
28,508
2,970
23,196
6,659
4,514
1,598
10,425
-22,838
10,392
33,230
-2,504
48,404
6,225
13,307
12,912
15,960
-38.9
38.6
77.4
11.4
50.5
18.9
23.0
2,809
-1,091
-3,749
•14,409
11,010
1,024
20,626
361
6,930
-4,588
5,638
-18,308
10.5
9,549
9,274
10,180
17,677
5,212
3 Gross
20
21
22
investment
Trade
Other
debt
liabilities
Discrepancy
Farm
1
2
3
4
5
6
Net i n c o m e
Net saving
Capital consumption
Corporate
Noncorporate
Current s u r p l u s = gross saving
7 G r o s s investment
8 Capital e x p e n d i t u r e s
9
Plant and equipment
10
Besidential construction
11
Change i n inventories
12 Net f i n a n c i a l investment
13
Net a c g . of financial assets
14
Demand d e p o s i t s + currency
15
Miscellaneous assets
16
I n s u r a n c e receivables
17
E g . in spons. a g s . (2)
18
19
20
21
22
23
24
Net i n c r e a s e in liabilities
C r e d i t market instruments
Mortgages
Bank loans n . e . c .
Other loans
U . S . Government
Fed. I n t . Credit Banks
25
26
-Trade debt
Proprietor net investment
2-9
2.2
-.4
13.8
18.4
10-2
20.1
18.5
7.7
.7
.9
3.2
-48.8
52.5
101.3
10.9
66-7
12,7
32.5
15.3
-70.7
73.7
144.3
-74.4
54-5
128.9
-11.9
44.3
56.2
9.9
41.7
29.-8
16.0
-9.3
5.2
11
12
13
14
15
16
17
18
19
7.9
4-1
6.0
88.5
11.0
32.8
33.6
11.1
93.9
21.-3
25.4
31.0
16.2
22.9
39.4
30-1
5.1
.8
8.6
-7
7.9 20
-3.3 21
11.0
16.7
16.7
12.9
17.0 22
32.8
26.5
24.6
.3
7.4
.7
6.7
7.7
--1
8.5
.8
7.7
8.4
7,7
8-4
13.2
10.2
10.7
6.2
2.3
Business
6,431
-98
4,446
519
3,927
4,348
5,829
-121
4,620
543
4,077
4,499
5,527
-131
4,687
561
4,126
4,556
5,613
-138
4,831
583
4,248
4,693
4,725
-148
4,916
599
4,317
4,768
5,425
-59
5,112
621
4,491
5,053
15-0
18.7
-.2
6.2
.5
5.7
6.0
6.8
.6
6.2
6.7
4,348
5,689
5,011
431
247
4,499
5,560
4,724
517
319
4,556
3,602
4,038
495
-931
4,693
4,048
4,356
533
-841
4,768
4,314
4,475
439
-600
5,053
5,615
4,570
595
450
6.0
8.5
-1( 341
561
30
531
392
139
-1,061
539
26
513
399
114
954
513
25
488
402
86
645
646
25
621
401
220
454
522
27
495
400
95
1,902
4,830
3,277
-524
2,077
1,107
970
1,600
6,274
2,970
550
2,754
1,324
1,430
-441
2,619
1,520
539
560
304
256
1
801
1,735
-32
-902
-100
-802
256
-3,184
253
-4,927
255
-3,315
263
-1,063
*
.7
1.3
6.7
8.3
6.9
-7
.6
-562
582
28
554
400
154
-2.5
.7
-1
.6
.5
.1
68
5,591
3,368
-208
2,431
1,629
802
1,144
9,595
4,267
1,876
3,452
1,595
1,857
3.2
4.5
269
-5,792
276
-8,727
Nonfarm
.5
12.1
14.1
6.. 5
Noncorporate
6,. 6
2.-4
1.3
.7
*
.7
1
.] 2
10. .1 J
1.0 4
9-1
5
10.2 6
10.2 7
17-3 8
12.8 9
1-0 10
3.5 11
9.2
.7
3*2
-1,8
-1.5
-5.5
-1.8
.9
-3
.7
-6
.1
.8
-2
.6
.5
.2
.6
-.2
.8
.5
.2
-7.1
1-0
.1
.9
.7
.2
12
13
14
15
16
17
2.5
5.8
3.6
1.8
.5
6.3
9.9
5-5
2-9
1-5
-4
1.1
2-4
7.8
5.0
1.1
1.7
.1
1.7
8.1
8.5
4.6
2.0
1.9
.8
1-1
18
19
20
21
22
23
24
*
.4
1.3
-1
.5
.1
.2
-1.4
-3-9
-3.7
-5.7
-5 25
--8 26
Business
1 Net i n c o m e
32,056
30,524
32,152
31,080
31,811
30,134
2 C a p i t a l consumption
3 Current surplus = gross saving
10,46.1
10,461
10,712
10,712
10,820
10,820
10,727
10,727
11,000
11,000
11,040
11,040
15.2
15.2
17.2
17.2
16.4
18.4
21.3
21.3
24-2
24.2
10,461
9,122
9,381
9,866
-3,171
2,686
-259
10,712
13,429
13,882
10,341
300
3,241
-453
10,820
14,223
15,289
11,200
1,597
2,492
-1,066
10,727
12,873
13,415
11,140
248
2,027
-542
11,000
11,108
10,593
11,218
-2,507
1,882
515
11,040
16,674
16,339
11,367
1,674
3,298
335
15.2
28.1
26.6
13.4
17.2
33.8
32.4
15.5
18.4
37.1
35.7
18.8
21.3
28.7
28.7
18.6
24-2 4
22.0
5
23-1 6
16.9
7
-9
8
5-3 9
-1.1 10
1,339
936
-2,717
451
-3,403
998
-2,146
1,312
-108
1,386
-5,634
1,302
158
778
761
17
-350
801
781
20
198
800
790
10
459
853
788
65
583
803
788
15
480
822
792
30
-403
2,943
-417
-2,536
1,487
632
3,168
2,038
1,949
3,458
7,011
2,513
198
1,677
638
1,494
2,830
-605
-2,005
1,039
361
6,936
5,388
3,275
1,339
1,521
415
14.0
11.8
240
1,275
434
4,401
3,831
3,054
1,277
1,392
385
1,073
2,289
-171
260
-92
869
1,107
3,391
997
2,438
907
1,206
185
-3,531
143
987
134
436
149
-3,702
127
-1,463
137
1,411
4 G r o s s investment
5 Capital expenditures
6
Fixed c a p i t a l
7
Plant and equipment
8
Home construction (1)
9
Multi-family residential
10
C h a n g e in i n v e n t o r i e s
11 Net f i n a n c i a l investment
12
Net a c g . of financial assets
13
Demand d e p o s i t s + currency
14
Consumer credit
15
Miscellaneous assets
16
Insurance receivables
17
Eguity in spons.ags. (2)
18
19
20
21
22
23
24
25
26
27
Net I n c r e a s e in liabilities
Credit market instruments
Mortgages
Home mortgages
Multi-family
Commercial
Bank loans n . e . c .
Other loans
Trade debt, net
Proprietor net investment
(1) Farm p l u s nonfarm change in work in p r o c e s s .
(2) Shares in F I C B ' s , Banks f o r C o o p s , and Federal Land
11/81 B A S E D ON PBELIMINASY
AND INCOMPLETE
INFORMATION.
Banks.
1.1
.7
-.5
-.4
12-1
16.2
17.4
10.3
1.5
1.4
1.4
12.9
l.ll
-16.6
-18.7
1.5
2.4
.3
.8
.8
*
9.8
.9
8.0
.9
-
.5
1.0
1-0
*
18.1
14.2
12-0
-
1.4
1.0
1.0
*
21.1
13.6
*
-7-4
' 1.8
-
.7
1.0
1.0
*
9.2
7.4
6.6
-.3
5.5
1.4
2
3
2.3
2.1
.8
1.3
1.2
*
11
12
13
14
15
16
17
-.2
1-4
1.4
.7
-.3
1.0
18
19
20
21
22
23
.6
9.9
1.5
9.3
-.4
7.9
1.8
.7
1.3
1-2
1.0
1.1
3.2
-1.0
1.8
-2-0 24
2.0 25
-1-9
.1
3.9
.4
7.1
1.3
-6
1.i1 26
-2.6 27
4.1
AUGUST 2 4 , 1981
Total and Noncorporate
Business
Total and Noncorporate
Sector Statements of Saving and
SEASONALLY
ADJUSTED
ANNUAL
BATES
SEASONALLY ADJUSTED ANNUAL
1980
1976
1977
1978
1979
1980
|
Nonfinancial
1
2
241.4
171.5
3
149.5
4
5
6
7
8
9
10
187.8
172.0
161.1
4.2
6.6
5.7
9-3
11.8
4.0
11
12
13
14
15
16
17
18
19
-38.3
57.8
96.1
10.5
69.6
25.3
22-9
20
21
16.1
22
Business
9
Investaent
I
II
Business -
III
IV
|
J
RATES
1981
I
II
Total
308.4
219.1
343.2
245.1
332.5
257.6
360.6
254.1
303-5
253-8
328.2
260.7
337.7
262.0
348.8
285.0
319.5 I n c o a e before
290.9 Gross saving
161.5
189.1
217.3
211.0
204.8
210.2
221.4
207.5
257.1
250.8 Gross
229.3
205.8
190.9
262.7
238.6
224.5
293.5
271.3
259.2
297.5
300.2
278.8
12.2
21.0
11.1
22.1
11.3
17.5
2.5
2.0
4.7
275.1
266.0
267.4
-12.9
11-6
7.4
1.6
307.0
308-7
292.2
.7
296.3
288.3
276.0
-3.0
15.3
2.5
5-4
272.6
284.4
271.1
3.0
285.4
284.8
273.3
-.1
11.5
-5.9
6.5
337.4 C a p i t a l e x p e n d i t u r e s
Fixed investaent
307.6
Business plant • equipment
299.2
Hone construction (1)
-3.2
Hulti-faaily residential
11.7
Change in inventories
21.2
Bineral rts- froa U . S . Govt.
8-5
5
£
7
8
9
10
-67.8
59.5
127.3
-73.7
97.7
171.3
-76.2
124.9
201.1
-7.8
147.4
24.7
41.1
47.3
34.3
-74.4
78.6
153-0
12.9
123.6
32.9
37.3
31.8
21.6
-91.4
92.2
183.6
8.0
160.3
31.3
45.6
34.1
49.3
- 8 6 - 5 Net financial investaent
Net acg. of financial a s s e t s
92-0
Ret increase in l i a b i l i t i e s
178-5
Corporate e g u i t i e s
-10.0
Credit aarket i n s t r u m e n t s
161.9
Bonds
18-0
36.1
Bortgages
Bank loans n . e - c .
58.3
Other
loans
49.6
11
12
13
14
15
16
17
18
19
272.2
197.5
3-5
9.8
4.1
9.2
12.4
4.2
-17.4
14.7
-6.1
-64.9
15.3
80.2
5.9
80.6
43.5
22.9
-11-7
25.9
-51.2
86.5
137.7
12.6
106.8
34.7
30.9
42.9
-1-6
-90.0
120.4
210.4
25.0
146.6
22.2
49.8
61.7
12.9
-49.9
85-9
135.8
11.9
109.7
30.0
38.0
-16.0
4.4
1
2
taxes
3
investaent
2.7
-.1
106.8
25.7
35.2
24.2
21-7
123.6
23.8
38.7
33.1
28.1
22.9
-5.2
48.6
-.2
-.8
63.0
-1.5
30.7
-14.1
23.7
-8.4
7.9
-14.2
33.6
-15.4
57.6
-18.7
35.7
-21.5
22.0
36.0
30.0
27.8
46.7
49.3
43.6
39.3
54.5
28.0
40.1 Discrepancy
22.5
18.9
21.7 Met incoae
--2 Net saving
20.. 4 C a p i t a l consumption
Corporate
2.5
Noncorporate
18.0
20.2 Current s u r p l u s * gross saving
4.4
17.0
5.8
35-9
51-8
-25.2
Trade
Other
debt
liabilities
•4
20
21
22
Para Business
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
19.1
18.4
26.1
30.8
-.1
-.2
-.2
-.2
11.1
12.6
14.2
16.2
1.4
1.6
1.9
11.1
11.2
12.3
12.6
14.0
14.3
16.0
11.1
12.9
13.8
12.3
17.6
15.3
14.0
18.7
16.6
16.0
24.3
18.3
1.1
-2.0
1.5
.8
1.8
.4
1.8
4.1
-1.8
-5.3
-4.8
-8.3
1.4
-.1
1.5
1.3
.2
1.8
.1
1.7
1.5
.2
2.1
.1
2.0
1.7
.3
2.1
.1
1.9
1.5
.4
10.4
20.8
11.3
1.2
9.9
3.2
7.1
6.9
H0.2
12.3
15.0
5.7
3.0
1-5
.1
1.3
7.1
2.5
2.7
1.3
1.4
7.5
2.5
5.0
3.5
1.5
.8
.9
1.6
1.0
-7.8
-6.1
-9.7
-11.4
2.8
6.7
3.4
3.3
.——.«._-
_
23.4
-.5
18.6
2.2
16.4
18,1
25.7
-.4
17.8
2.1
15.7
17.4
23.3
-.5
22.1
-.5
-.6
-.6
ia.s
18.7
19-3
19-7
2.2
2.2
2.3
2.4
16.3
18-0
16.5
118.2
17.0
18.8
17-3
19.4
18.1
18-9
18.1
2.0
-1.2
17-4
23.2
20.C
2.2
1.0
18.0
22.0
18.9
18.2
14.1
16.2
18.8
16.3
17.4
19.1
17-7
17-9
1.8
1-3
1.7
2.2
2.2
-3.7
-3.4
-2-4
-.8
2.3
.1
2.2
1.6
.6
-5.8
2.2
.1
2.1
1.6
.6
-4-0
4-1
2.1
.1
2.0
1-6
.3
2-5
2.6
-1
2.5
1.6
.9
1-4
2.1
.1
2.0
1.6
.4
3.1
14.5
9.5
.5
4.5
2.6
1.9
8.0
22.3
12.2
.8
9.3
5.5
3.8
-2.1
40.1
.1
.7
4-4
13.6
12.1
9.0
--9
5-5
1-7
3.8
6.9
-8
2.3
1-5
.8
25-4
42.2
26.3
14.0
2.4
4.4
8-0
2.4
5.6
1.0
-12.5
1.0
-15.3
1.0
1.0
1.1
1.1
1.1
-8.4
-13.2
-13.1
-25.8
-23.1
120.5 Net i n c o a e
2.2
.1
2.1
1.6
.5
6.2
9.9
1-4
.8
1.9
-1.1
10.8
7-6
3-1
1
2
3
4
5
6
20.2 Gross investment
22.2 Capital e x p e n d i t u r e s
Plant and eguipment
18.3
fiesidential construction
2.2
C h a n g e in i n v e n t o r i e s
1.8
7
8
9
10
11
- 2 - 0 Net financial investment
Net acg- of f i n a n c i a l assets
2.3
Demand deposits • currency
.1
M i s c e l l a n e o u s assets
2.2
Insurance receivables
1-6
Eg. in spons- ags- (2)
.6
12
U
14
15
16
17
let i n c r e a s e in l i a b i l i t i e s
Credit aarket instruments
Bortgages
Bank loans n-e-cOther loans
0-S. Government
P a d . I n t . Credit Banks
Tirade debt
P r o p r i e t o r net
investaent
18
19
20
21
22
23
24
25
26
Monfara loncorporate Business
1
1
87.8
100.7
108.5
119.5
125.8
128.2
122-1
128.6
124.3
127.2
2
3
26.2
26.2
29.1
29.1
33.2
33.2
38.5
38-5
42.7
42.7
41.8
41.8
42.8
42-8
43.3
43.3
42.9
42.9
44.0
44-0
44.2 C a p i t a l c o n s u n p t i o n
44-2 Current s u r p l u s * gross saving
4
5
6
7
8
9
10
26.2
26.6
25.6
18.3
29-1
37.6
35.9
26.1
33.2
44.7
42.9
33.0
38.5
48-3
4ft. 5
3a. 9
-.6
10.1
-.2
44.0
58.3
56.9
44-9
.6
9.3
1.9
42.8
41-1
44.5
41.4
-7-4
10.5
-3-4
42.9
56.9
57.9
44.6
2.1
7.7
1.7
41.8
49.0
50.4
39.5
-2.6
13.6
-1.4
43.3
51-4
54.8
44.8
1.6
5.7
1.0
42.7
49.6
52.0
42.5
-1.0
10.4
^•2-3
11.0
44.2 G r o s s investaent
51.0 C a p i t a l e x p e n d i t u r e s
Pixed c a p i t a l
53.3
Plant and eguipaent
45.5
Home constraction (1)
-2.7
Hulti-family residential
10.6
Change ia inventories
-.3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
-.4
3.3
-8.5
-11.5
3.6
4.4
-9.8
4.8
-6.9
3-7
-7.2
3-8
1.8
3.2
1.2
2.1
2.1
.1
1.0
2.6
2.5
- 8 . 8 Met financial investBeat
Met acg- of financial assets
6-4
Demand deposits • currency
Consumer credit
3-1
H i s c e l l a m e o u s assets
3-3
Imsurance receivables
3-2
Bguity ia s p o n s . a g s . (2)
.1
11
12
13
14
15
16
17
18
19
20
21
22
23
3.7
5.7
5.1
24
25
-3.6
26
27
-
J.2
2.7
1.1
4.3
-
-
-
-
-
1.4
3.0
2.9
.1
1.8
3.0
2.9
.1
-5
3.2
3.1
.1
-7
3.1
3.0
.1
12.1
12.7
16.0
15.3
8.5
1.7
5.1
1.7
9.0
.5
6.5
2.1
14.5
14.0
7.2
-.5
5.4
2.3
10.6
15.8
7.1
-.8
5.8
2.1
10.9
19-3
6.8
-2.1
5.9
2.9
.9
3.3
.3
6.0
.6
6.1
1.9
6.8
2.5
-1.9
.6
-5.8
*
2.2
.9
3.1
-4.3
-1.5
-2.4
*
3.2
3.1
.1
1.5
2.8
1.0
5.0
8.4
-1-0
1-4
-8.1
-14.0
-14.3
5-4
2.3
5-3
-
-1.1
2-2
3.2
3.2
*
13.5
16.1
-
3.4
3.2
.3
-
2-1
3-2
3.2
.1
-
49-6
18-9
15-3
15.7
5.6
4.0
6.7
2.2
6-8
.8
4.2
1-8
3.7
8.5
10.5
5.0
5-0
-5
.2
.5
-.9
16.4
25-1
12.9
5-1
1.8
7-7
.7
5.6
1-4
2.4
10.1
.6
1.2
1.0
7-4
.7
-9.1
.6
.5
.6
-1.9
-3.1
-9.4
-5-9
1.0
.9
9.1
-3-4
1.6
-2.2
6.1
1.7
Net increase in liabilities
Credit aarket instruments
Bortgages
Bone mortgages
flulti-family
Commercial
Bank l o a n s m . e . c .
Cther loans
Trade debt, net
Proprietor net investment
(1) Para p l u s nonfara change in vork in process(2) Shares ia P I C B * s , B a n k s for C o o p s , and P e d e r a l Land BanksBILLIONS OP O O L L A 1 S .
11/81 BASED OM IMCOBPLBXE
IMPOBBA1IOI.
2
3
18
15
20
21
22
23
24
25
26
27
AUGUST 24, 1981
Nonfinancial Corporate
Nonfinancial Corporate Business
Business
Sector Statements of Saviag and
UNADJUSTED NET FLOWS
Investment
UNADJUSTED MET FLOiS
($ HILL.)
1980
I
II
III
IV
|
1
1981
II
I
Nonfinancial Corporate
1971
BILLIONS OF DOLLABS
1974
1973
1972
Business, Excluding Paras
.__..._ __
,
($ flILL.J
--.- .
1575
_ _ _ _ „r
1
2
3
4
Profits before tax
- Profit tax accruals
- Domestic net dividends
= Doaestic undist. profits
47,316
16,092
13,583
17,642
43,836
13,679
14,000
16,156
44,679
15,725
13,897
15,055
47,471
17,367
17,293
12,813
46,167
14,408
15,086
16,651
49,037
14,261
15,457
19,342
65.3
29.7
22.9
12.7
76.3
33.4
24.7
18-1
95.2
39.7
27.4
28.1
105.1
41.8
30-9
32.4
106.7
41.0
31.7
34.0
1
2
3
4
5
6
7
8
+
+
•
=
Capital consunption a d j .
Depreciation c h a r g e s , NIPA
Earnings r e c . fron abroad
U . S . internal f u n d s , book
-3,167
39,022
4,675
58,172
-3,619
40,366
4,410
57,313
-3,626
41,601
3,994
57,024
-3,554
42,676
5,537
57,472
-2,741
43,664
3,704
61,278
-2,650
45,293
3,994
65,979
1.4
56.8
4.5
75.4
2.9
62.0
4-7
87.7
2.6
67.2
6.4
104.4
-1-7
78.7
9.6
118.9
-9-6
93.8
6.1
124.4
5
6
7
8
9 • F g n . e a r n i n g s r e t . abroad
10 • inv. valuation adjustment
11 = Total internal f u n d s • IVA
4,364
-14,921
47,615
3,219
-8,899
51,633
2,477
2,455
-9,646 - 1 2 , 2 0 4
47,723
49,855
2,515
-9,075
54,718
2,077
-7,171
60,885
2.6
-4.6
73.5
4.0
-6.6
85-0
7.2
-20.0
91.7
6-7
-40.0
85-6
6.9
-11-6
119.7
9
10
11
38,066
52,842
48,466
51,318
-3,170
318
3,016
1,360
42,359
56,647
54,534
53,925
299
310
1,704
409
39,675
49,256
52,800
50,954
1,596
250
-4,604
1,060
30,046
58,118
56,904
56,442
248
214
-2,454
3,668
49,506
54,272
51,748
54,051
-2,506
203
4,061
-1,537
52,804
69,446
62,931
60,920
1,673
338
4,387
2,128
62-5
86.0
80.4
77.6
1.1
1-8
4.8
.7
68.4
99.1
89.9
87.0
.7
2.2
8.2
.9
75.0
121-5
104.5
102-4
-.5
2.7
13.8
3.2
72.8
137-9
115.4
114.0
-.4
1-8
16.0
6-5
102.6 12
109-7 13
117.7 14
116.3 15
.9 16
.5 17
-9.3 18
1.3 19
-4,766 -16,642
22,180
8,508
-23-5
36.7
-30.7
50.1
-46-5
70.5
-65-1
52.2
12 G r o s s investment
13 Capital e x p e n d i t u r e s (1)
Fixed investment
14
Plant and eguipaent
15
Home construction
16
Hulti-fanily residential
17
Inventory change • IVA
18
Hineral r t s . from U . S . Govt.
19
- 1 4 , 7 7 6 -14,288
20 Net financial investment
-7,501
Net acq. of f i n a n c i a l assets 22,890
21
-9,581 -28,072
31,663
25,579
-7.0
41.2
20
21
22
23
24
25
26
27
28
29
Xiguid assets
Demand d e p . and currency
Time d e p o s i t s
Security BP*s
Foreign deposits
O . S . Govt, s e c u r i t i e s
State+local o b l i g a t i o n s
Commercial paper
2,431
-4,401
-477
1,468
1,078
2,145
-227
2,845
-3,976
1,559
-1,395
1,058
-871
-4,740
20
393
4,465
1,401
-14
2,681
-568
501
-31
495
10,146
3,775
3,562
1,365
1,237
28
41
138
2,159
-6,127
1,594
1,850
2,525
1,143
-26
1,200
213
-675
-951
74
3,120
-1,861
17
489
9.3
-1.5
4.2
.8
.4
2.5
1-0
1-9
9.2
2-4
2-4
1.6
.9
-2.1
1.0
3.0
12.9
1.4
4.7
8.6
1.2
-3.4
-.1
.6
6.0
1.2
3-8
-5.8
-.2
2-3
.6
4-1
19.8 22
6.2 23
1.9 24
-.8 25
.8 26
8.7 27
-.2 28
3.1 29
30
31
32
33
34
35
Consumer credit
Trade credit
H i s c e l l a n e o u s assets
Foreign d i r . i n v e s t .
Bquity, e t c .
Retained e a r n i n g s
-1,984
15,463
6,980
5,438
-488
5,926
-619
-6,194
3,288
1,858
-2,030
3,888
1,848
13,400
5,866
2,444
-1,339
3,783
2,353
10,564
8,600
6,207
2,808
3,399
-1,202
17,530
3,693
837
-3,158
3,995
424
5,176
2,695
1,747
-2,253
4,000
1.1
13.-9
12-3
6.5
3-3
3-2
.9
26.2
13-8
5.7
1.2
4.5
1.5
38.8
17.3
10.1
2.0
8.2
.6
32.3
13.3
8-9
1.2
7.8
.5
6.1
14.9
14.0
6.0
8.0
1,261
1,173
2
2,247
1,203
4
1,186
1,200
-1
1,657
1,219
1
-272
2.0
-
1,193
3
234
1.9
281
4.8
6-2
5-2
2.2
2.2 36
* 37
-1.4 38
48.3 39
41.7 40
9.9 41
31.8 42
2.6 43
27.2 -44
10.0 45
.7 46
-3 47
9.0 48
36
37
38
(2)
Insurance receivables
Equity in sponsored a g s .
Other
1.0
*
*
*
2.1
*
30
31
32
33
34
35
39
40
41
42
43
44
45
46
47
48
Met i n c r e a s e in l i a b i l i t i e s
let funds r a i s e d in n k t s .
let nev equity issues
Debt i n s t r u m e n t s
Tax-exempt boads (3)
Corporate bonds (2)
flortgages
Home mortgages
Httlti-family
commercial
37,666
29,674
2,000
27,674
204
6,985
3,820
-2,536
671
5,685
6,787
21,401
1,468
19,933
854
11,380
4,745
240
601
3,904
35,160
20,636
3,157
17,479
566
8,375
5,383
1,277
640
3,466
59,735
34,395
6,250
28,145
839
3,705
6,724
198
788
5,738
26,946
17,745
2,970
14,775
647
6,012
1,751
-2,005
507
3,249
25,150
30,917
-2,504
33,421
1,600
4,625
5,765
1,339
693
3,733
60-2
45.6
11.4
34.2
.1
18.8
10.9
.9
1-9
8.1
80-8
57.6
10.9
46.7
-5
12.2
17.0
.6
2-8
13-6
117.0
72.9
7.9
65.0
1.8
9.2
18.1
-.4
2.5
16.1
117-3
82-8
4-1
78.7
1.6
19.7
13.7
-.3
1-4
12-6
49
50
51
52
53
Bank loans n-e.cCommercial paper
Acceptances
F i n a n c e company loans
O.S. Government loans
7,417
7,091
706
1,201
250
-3,628
5,747
190
205
440
9,384
-4,072
35
-2,589
397
16,136
-3,833
-86
4,279
381
809
4,342
687
404
123
10,129
6,217
-195
4,879
401
4.2
-.9
-3
.7
-2
12.4
.7
29.6
1-4
.5
4.1
.3
30.9
4-1
1.3
5-8
1-5
-9.2
-2.9
.2
3.8
-2
49
50
51
52
53
3,404 -14,352
2,368 - 4 , 1 4 5
3,883
2,220
2,825
937
1,058
1,283
1,214
10,621
2,689
213
2,476
3,067
20,214
2,059
688
1,371
702 -14,127
6,534
5,225
3,135
1,965
1,935
847
1,118
1,200
2.0
12.2
.4
-.2
.5
-.1
.9
.4
.6
2.4
38.9
2.8
1.9
.9
1.1
28.7
4.8
3.7
1.1
-2.4
6-3
2.6
1.4
1.2
54
55
56
57
58
54
55
56
57
58
Profit t a x e s payable
T r a d e debt
Fgn.direct invest, in O . S .
Equity, e t c .
fietained e a r n i n g s
*
3.6
.2
22.3
9,549
9,274
10,180
17,677
5,212
8,081
11-0
16-7
16-7
12.9
17.0
59
Memorandum i t e m s :
60 Trade credit net of t r a d e debt
61 Profits t a x payments
13,095
15,707
-2,049
30,163
2,779
12,754
-9,650
11,666
10,996
16,338
-49
30,053
1-7
27.5
3-9
33-2
-.1
37.5
3.6
41.5
-.3
42.4
60
61
Debt s u b t o t a l s :
62 Securities and m o r t g a g e s
63 Loans and short-tern paper
64 Total short-term l i a b . (4)
11,009
16,979
2,954
16,665
22,437 -15,543
14,324
3,155
14,990
11,268
16,877
40,158
8,490
6,365
13,601
1.1,990
21,431
12,529
29.8
4.4
18.6
29.7
16.9
39.2
29.0
36.0
77.2
35-0
43.6
73-4
39.8
-8.0
-4.0
62
63
64
36,584
35,195
98,798 121,781
48,427
35,486
29,082
31,208
9 9 , 1 8 4 114,060
48,125
27,223
45.4
117-0
39.8
43-8
116-5
47.1
43-7
132.4
53.5
39.8
161-0
57-1
38.4 65
91.7 S6
29.0 67
-4,604
-2,454
-9,646 -12,204
.5,042
9,750
4,061
-9,075
13,136
4,387
-7,171
11,558
4-8
-4.6
9.4
8-2
-6-6
14.8
13-8
-20-0
33.7
16.0
-40-0
55-9
-9.3 4 8
-11.6 69
2.2 70
58,902
57,024
70,322
57,472
63,347
61,278
76,617
65,979
90.6
75.4
105.7
87.7
141-4
104-4
177-8
118-9
121.3 71
124.4 72
1,878
12,850
2,069
10,638
59-0
-3-1 73
59 Discrepancy
Per cent r a t i o s :
31,204
65 E f f e c t i v e tax r a t e
34,009
66 Capital o u t l a y s / i n t e r n a l funds 110,977 109,710
52,371
35,188
67 C r . m k t . b o r r o w i n g / c a p . e x p .
(1) Capital outlays on book basis:
68 Inventory change, NIPA
69 less; Inv. val. adjustment
70 Inventory change before IVA
3,016
-14,921
17,937
1,704
-8,899
10,603
71 Total cap. expend, before IVA
67,763
65,546
72 O.S. internal funds, book
58,172
57,313
Financing gap: Excess of capital expenditures
73
over O.S. internal funds
9,591
8,233
(2)
Foreign investment i s net of bond issues abroad, and bond issues
outside the O.S. are excluded from sources of funds above.
(3) Indastrial pollution control revenue bonds. Issued by state and local
governments to finance private investment and secured in interest aad
principal by the indastrial user of the funds.
(4) Loans (except mortgages), short-tern paper, profit taxes payable, aad
trade debt. Includes loaas due in nore than one year and excludes
current aaturities of securities and mortgages.
11/81 BASED 01 PBELIHINABI AID INCOHPLETE IIFOBHAIIOI.
AUGOSI 2 4 , 1381
Nonfinancial Corporate
*zr..t;cancial
Business
Sector state-meats of Saving dna lavtstatnt
SSASORALLY ADJUSTED ANNUAL BATES
1376
1977
1978
corporate Business
11
JIASUSALLX ADJUSTED AMUOAi. RATES
1979
1980
I
I
1980
I
II
III
IV
I
|
IVbl
I
.1
Monfinancial Corporate Business, Excluding faras
1
2
3
4
134.5
52.4
38.2
43.9
153.1
59.2
41.6
52.3
173.8
67.1
46.2
60.6
192.8
69.5
52.3
71.0
183.3
62.9
58.8
61.7
206.7
74.0
56.4
76.3
158.1
51.7
58.7
47.7
177.5
60.1
59.3
58.1
190.9
65.7
60.7
64.6
202.7
67.9
62.6
72.1
177.3
56.0
64.8
56.5
P r o f i t s b e f o r e tax
- Profit tax accruals
- Soaestic net d i v i d e n d s
= Doaestic u n d i s t . p r o f i t s
5
6
7
8
-12.9
103.6
8.2
142.9
-11.1
115.2
9.8
166.3
-12.1
128.1
10.3
186.8
-13.7
145.6
15.2
218.1
-14.0
163.7
18.6
230.0
-12.7
156.1
19.7
239.4
-14.5
161.5
17.9
212.5
-14.5
166.4
18.8
228.8
-14.2
170.7
18.2
239.2
-11.0
174.7
15.9
251.7
-10.6
181-2
16.1
243.2
•
•
•
»
Capital consumption a d j .
Depreciation c h a r g e s , MIPA
E a r n i n g s r e c . from abroad
U . S . internal f u n d s , book
5
6
7
8
9
10
11
6.0
-14.7
134.2
5.7
-15.8
156.1
9.4
-24.3
171.9
15.1
-42.6
190.6
12.5
-45.7
196.8
17.0
-61.4
194.9
11.5
-31.1
192.9
12-1
-41-7
199.2
9.5
-48.4
200.3
9.5
-39.2
222.0
6.6 *• Pgn. earnings ret. abroad
-23.2 • lav. valuation adjustment
226.6 * Total internal funds * I?A
9
10
11
12
13
14
15
16
17
18
19
112.2
148.3
131-5
129.0
1.6
.9
12.8
4.0
120.1
174.1
153.1
149.4
2.1
1.6
18.5
2.5
141.9
199.2
177.4
175.0
.6
1.8
19.9
2.0
162.8
220.9
202.6
202.0
-.6
1.2
13.5
4.7
150.1
216.9
212.7
212.6
-1.0
1.1
-2.3
6.5
145.6
224.1
215.7
216.5
-2.6
1.7
3.0
5.4
149.3
212.0
200.8
207.1
-7.*
1.1
9.6
1.6
159.8
207.1
211.8
210.1
.9
.7
-8.9
4.2
145.8
224.3
222.6
216.8
5.0
.8
-13.0
14.7
194.0
231.0
231.8
186.5 Gross investaent
262.1 Capital expenditures (1)
233.9
fixed investaent
235.4
Plant and equipment
-2.7
Home construction
1.2
Multi-family residential
19.7
Inventory change • IfA
8.5
Mineral r t s . froa U . S . Govt.
12
13
14
15
16
17
18
19
20
21
-36.1
53.0
-53.9
54.1
-57.3
91.2
-58.1
118.1
-66.7
72.6
-78.5
86.2
-62.6
9.9
-47.3
79.0
-78.5
115.5
-37.0
78.5
22
23
24
25
26
27
28
29
14.5
2.4
2.1
2.3
1.7
2.1
-1.1
5.0
4.7
1.6
4.8
1.2
1.3
-4.1
17.7
5.3
4.7
2.6
1.5
-.4
3.9
13.1
2.3
1.7
6.6
-9
-2.1
-.2
3.9
27-5
4.3
2.9
5.9
4.3
2.1
-.9
8.9
1.5
6.0
1.4
4.2
-3.5
-11.8
.1
5.1
21.6
4.7
1.7
10.7
-2.3
4.0
-.1
2.9
1.7
-5.6
.7
5.5
4.9
-2.6
.2
-1.4
27.3
-1.3
12.1
7.4
10.1
-2.7
-.1
1.8
17.2
-4. 1
3.9
-.1
10.9
4.8
2.0
5-5
2.0
-3.7
.2
.2
30
31
32
33
34
35
1.7
18.8
18.1
11.6
3.9
7.7
.8
31.1
17.5
11.2
4.8
6.4
1.0
58.1
21.2
15.2
3.9
11.3
2.9
70.1
27.4
22.1
3.1
19.0
1.6
33.2
24.7
15.9
-1.0
17.0
2.8
30.8
25.1
18.7
-5-0
23.7
-3.4
-2.8
14.7
7.8
-7.7
15.6
5.3
26.2
25.8
14.4
-.7
15.1
1.7
78.7
33.4
22.9
9.3
13.6
4.9
35.1
11.2
-.3
-16.3
16.0
2.7
50.4
12.9
8.0
-8.0
16.0
36
37
38
3.4
4.4
,1
1.8
5.6
5.0
4.8
4.7
4.8
4.8
4.9
*
.3
5.5
.1
-.3
4.8
3.1
3.9
1-3
39
40
41
42
43
44
45
46
47
48
89.2
64.3
10.5
53.7
2.5
22.8
12.1
1.2
1.2
9.7
108.1
84.6
2.7
81.9
4.8
21.0
19.7
1.7
2.3
15.7
148.5
93.2
-.1
93.3
3.7
20.1
22.1
.5
2.9
18.7
176.1
104.8
-7.8
112.6
3.6
21.2
22.6
-.5
2.4
20.6
139.3
106.1
12-9
93.2
2.5
30.4
20.7
-.8
2.7
18.8
164.7
126.7
8.0
118.7
.8
30.5
26.6
-2.1
2.7
26.0
49
50
51
52
53
5.0
1.4
1.3
8.4
.2
20.8
1.6
.6
13.5
30.3
2.7
1.2
11.5
1.7
43.9
9.0
1.0
10.2
1.2
29.3
4.9
.8
3.1
1.5
54
55
56
57
58
7.5
13.1
4.3
2.7
1.7
-1.3
21.1
3.7
2.1
1.6
-6.7
29.1
10.9
4.7
6.2
59
22.0
36.0
*
*
*
*
3.4
44.0
7.9
5.3
2.6
*
*
59.5
11.9
7.9
4.0
*
229.4
1.0
1.4
5.4
-6.1
.3
12.5
-.7
.1
5.2
*
5.7
72.5
-75.6 Met financial iavestaent
20
83.2
let acq. of financial assets 21
70.1
5.9
64.2
3.4
40.1
12.9
-5.9
2.7
16.1
126.3
93.3
12.6
80.6
2.3
32.4
16.2
.7
2.6
12.8
194.0
134.3
25.0
109.3
3.4
18.8
27.0
4.0
2.7
20.2
115.5
77-3
11.9
65.4
2.6
27.4
19.0
30.9
22.8
4.8
1.3
1.0
-11.4
16.9
.2
.3
1.8
41.1
-12.4
-.6
.1
1.6
56.6
-7.6
-1.0
10.7
1.5
7.1
22.0
8.9
3.7
5.1
-19.4
6.3
15.5
11.3
4.2
-9.8
32.0
10.8
.9
9.. 9
43.3
43.6
39.3
Liquid assets
22
Demand dep. a n d currency 23
lime deposits
2-4
Security HP's
foreign d e p o s i t s
O.S. Govt* s e c u r i t i e s
State*local o b l i g a t i o n s
Commercial paper
C o n s u m e r credit
T r a d e credit
miscellaneous assets
foreign dix. invest.
Eguity, e t c .
detained earnings
25
26
27
28
29
30
31
32
(2) 3 3
34
35
Insurance receivables
36
Eguity in sponsored ags- 3 7
Other
38
158.9
109.9
-10.0
119.9
6.4
11.6
16.4
-2.2
3.2
15.4
Met increase in liabilities 39
Met funds raised in akts. 40
Met new eguity issues
41
Debt instruments
42
lax-exempt bonds (3)
43
Corporate bonds (2)
44
Mortgages
45
Home mortgages
46
Multi-family
47
Commercial
48
1.8
11.2
4.8
-1.8
.5
48.9
17.4
-1.5
19.0
Bank loans n . e . c
4.9
Commercial paper
50
Acceptances
51
finance company loans 52
-4.5
55.9
8.2
2.8
5-5
-3.7
34.1
7.9
3.4
4.5
-13.7
50.2
54.5
28.0
40. 1 Discrepancy
Memorandum items:
.3 Trade credit net of trade debt 60
70.7 Profits t a x payments
61
2.0
16.3
1.6
12.5
7.7
4.8
O . S . Government loans
53
Profit taxes payable
Trade debt
54
55
fgn-direct invest, in U.S.
Equity, e t c
Betained earnings
56
57
58
60
61
5.7
45.2
10.0
59.7
14.1
65.3
10.6
71.0
4.2
70-3
8.8
69.5
-9.1
73.8
-5.8
70.1
22.8
67.8
1.0
72.4
62
63
64
37.4
16.3
36.9
45.4
36.5
56.2
45.9
47.4
94.8
47.3
65.3
124.8
53.6
39.7
62.0
57.9
60.8
89.9
56.4
7.8
-5.3
50.9
29.8
52.0
49.1
60.2
111.6
49.0
16.4
46.8
65
66
67
39.0
110.5
36.2
38.7
111.5
47.0
38.6
115.9
46.8
36.0
115.9
51.0
34.3
110.2
43.0
35.8
115.0
53.0
32-7
109-9
30.3
33.8
104.0
38.9
34.4
112.0
48.8
33.5
104.1
2a. 3
68
69
70
12.8
-14.7
27.5
18.5
-15.8
34.3
19.9
-24.3
44.2
13.5
-42.6
56.2
-2.3
-45.7
43.3
3.0
-61.4
64.4
9.6
-31-1
40.6
-8.9
-41.7
32.8
-13.0
-48.4
35.4
5.4
-39.2
44.6
71
72
163.0
142.9
189.9
166.3
223.5
186.8
263.5
218-1
262.5
230-0
285.5
239.4
243.1
212.5
248.8
228.8
285.3 lotal cap* expend, before ITA
272.7
270.2
251.7
243.2 O . S . internal f u n d s , book
239.2
Financing g a p :
Excess of c a p i t a l e x p e n d i t u r e s
33.5
18.5
42.2
over tt.S. internal funds
59
Debt subtotals;
34.4 Securities and nortgages
85.5 L o a n s and snort-tore paper
121.9 Total snort-tern l i a b . (4)
62
63
£4
Per cent r a t i o s :
31.fr Effective tax r a t e
65
115.7 C a p i t a l o u t l a y s / i n t e r n a l funds J66
45.7 C r . n k t . b o r r o w i n g / c a p . expu
67
(1) C a p i t a l o u t l a y s on book b a s i s :
(2)
19.7 Inventory c h a n g e , MIPA
- 2 3 . 2 Lessz
l a v . v a l . adjustment
42.9 Inventory change b e f o r e ITA
Foreign investment i s net of bond i s s u e s abroad, and bond issues
outside the O . S . are excluded froa sources of funds above.
(3) Industrial pollution control revenue b o n d s . Issued by state and local
governments to finance private investaent and secured in interest and
principal by the industrial user of the funds.
(4) Loans (except a o r t g a g e s ) , short-tecn paper, profit taxes payable, and
trade debt. Includes loans d u e in sore than one year and excludes
current maturities of securities and aortgages.
BILLIOMS OF DOLLABS.
11/81 BASED OH INCOMPLETE
INFORMATION.
68
69
70
71
72
73
AUGUST 2 4 , 1981
State and Local G o v t s , and
Foreign
State and L o c a l G o v t s * and
Foreign
12
Sector S t a t e m e n t s of Saving and
UNADJUSTED
MET FL01S
($
Investment
BILL.)
UNADJUSTED III F L O I S
1980
II
1971
III
State and local Governments
91,293
63,422
7,408
20,463
93,432
64,176
7,549
21,707
93,434 105,877 101,648 102,855
63,104 73,825 71,537 71,494
8,083
8,422
8,700
8,975
22,247 23,630 21,411 22,386
83,078
78,472
4,606
87,769
83,122
4,647
91,886
87,015
4,871
92,167
87,223
4,944
90,317
85,306
5,011
8,215
7,049
1,166
5,663
8,730
-3,067
1,548
5,353
-3,805
13,710
5,353
8,357
-3,845
-1,869
-2,478
1,914
-776
-4,985
2,039
1,309
-3,684
906
-2,411
8,718
-1,062
-1,327
1,333
Credit market instruments
O.S. Govt, securities
Treasury issues
Agency issues
State+local obligations
Mortgages
1,547
-481
-1,521
1,040
-101
2,129
5,864
3,230
3,168
62
150
2,484
8,070
5,201
5,251
-50
194
2,675
Taxes receivable
-2,076
-2,356
1,976
1,530
1,478
-1,412
2,890
52
7,024
6,578
6,513
1,225
5,288
65
446
446
Trade debt
29
446
1,918 -1,394
5,011
30 Discrepancy
(1) Employee retirement funds are in insurance sector.
1 Total r e c e i p t s , HIA b a s i s
2
Tax r e c e i p t s
3
Social i n s u r a n c e r e c e i p t s
4
Grants-in-aid received
5 Total expenditures, MIA basis
Furch. of goods and services
6
Set interest and transfers
7
8 Net surplus, NIA basis
9 - Betirenent credit to HH
10 = Gross saving
11 Net financial investment
Net acq. of financial assets
12
Demand dep. and currency
13
Time deposits
14
Security BP*s
15
16
17
18
19
20
21
22
23
24
25
26
27
28
Net increase in liabilities
Credit market borrowing
State+local obligations
Short-term
Other
U.S. Government loans
BILLIOIS OF DOLLARS
1972
1973
1974
($ HILL.)
JS75
—General
————
F u n———d s (1) .————_ . — — .— — —
.———_ ———.. — — —
153.0
113.8
10.2
29.0
178.3
429.3
11.5
37.5
195.0
141.5
13.0
40-6
211.4
152.8
14.6
43.9
237.7
166.3
16.8
54.6
1
2
3
4
94,682
89,714
4,968
150.4
138.7
11.8
164.8
151.4
13-4
181.6
168.5
13.1
204.6
193-1
11.5
232.2
217.2
15-0
5
6
7
11,331
5,382
5,949
8,173
6,436
1,737
2.6
6.6
13.5
13.4
-4.0
8.5
5.0
9.5
3-9
-2-9
4,090
11,061
1,114
1,356
-1,504
661
5,147
-3,474
1,953
2,387
-28
6,507
500
-3,763
4,099
-10.1
.1
1.4
-7.8
8.4
.9
7.2
15.2
15.4
.5
6.8
-
-
-.6
7.2
2.4
9.5
--5
5.7
3.6
8,422
6,204
5,449
755
-4
2,222
6,098
3,725
3,400
325
310
2,063
7,291
5,035
4,096
939
31
2,225
-.2
6.9
5.9
4.1
1.7
-.3
1.4
1,704
1,673
-1,817
-1,620
.5
.9
.8
.7
11,129
10,683
10,324
1,975
8,349
359
6,971
6,525
6,077
1,094
4,983
448
4,486
4,041
3,814
1,184
2,630
227
6,535
6,090
5,703
1,196
4,507
387
18-4
17.7
17.3
15-0
14.5
14.2
14.0
13.2
12-9
17.3
15.5
14.8
446
4,267
445
5,288
445
1,765
-1-0
-1.3
.3
-.3
1.1
5.6
3.7
6.8
9.7
-1
-1.0
-2-9
-5.5
4.7
.2
1.7
2-5
.5
2.5
2.5
.1
.3
2-7
14.9
14.1
12.6
12.1
.4
.3
.3
.7
.7
6.1
-5
4-9
.8
2.6
1.8
4-9
5.5 8
11.3 9
-5-8 10
-12.7
2-4
.8
-2-0
1-0
11
12
13
14
15
1.9
-2.1
-1-7
-.4
2.4
1.6
16
17
18
19
20
21
.6 22
15.0
13.7
13-5
-.3
13.8
.2
23
24
25
26
27
28
1-3 29
6.8 30
Foreign Sector
1 Net O . S . export r e c e i p t s
2
O.S- export r e c e i p t s
3 - O . S . import p a y m e n t s
- T r a n s f e r s to
foreign
- U.S. Govt, interest paid
= U.S.current a/c net receipts
+ Net corporate earnings
retained abroad
= Fgn. current acct. balance
(U.S. balance, sign reversed)
9
10
11
12
13
14
Net financial investment
Net acq. of financial assets
Gold and SDB's (1)
U.S. demand deposits
U.S. time deposits
Net interbank claims
15
16
17
18
19
U.S. corporate equities
Credit market instruments
U.S. Govt, securities
U.S. corporate bonds (2)
Open-market paper
20
21
Security credit
Trade credit
22
23
24
25
26
28
29
2,657
81,353
78,696
3,820
76,950
73,130
6,177
85,268
79,091
5,282
86,757
81,475
4,357
90,589
86,232
1-5
65-6
64.2
-3.2
73.0
76-2
7.0
101-4
94.5
6-7
138-4
131-7
19.9
146.9
127.0
1
2
3
1,370
3,039
-6,289
1,209
2,892
-1,444
1,446
2,965
-591
2,017
3,607
553
1,427
3,937
-82
1,482
4,045
-1,170
3-7
1.8
-4.1
3.9
2.7
-9.7
3-9
3.8
-.8
4-2
4-3
-1.8
4-0
4.5
11.4
4
5
6
4,364
1,925
3,219
-1,775
2,477
-1,886
2,455
-3,008
2,515
-2,433
2,077
-907
2.6
1.4
4.0
5.8
7.2
-6.5
6-7
-4.9
-18-3
7
8
-4,224 -18,379
10,127 -8,472
110
7
3,289
-630
438
-532
8,397 -20,725
-7,108
-152
-258
-3,493
-9,875
7,113
-335
-2,154
230
-2,983
-9,598
13,976
-20
1,970
532
597
11.2
22.8
1.3
-.2
-3
-4.6
7.7
19.0
.6
1.6
2-9
--7
-4.4
15.0
-2-5
26.6
--2
2.8
7-7
--2
-23-7
9
-5,180
-3,488
15,096
1,284
1,520
784
-6,964
754
6,489
4,196
650
1,643
1,950
9,641
8,304
595
742
1,666
8,680
8,248
1,368
-936
2,879
2,689
-1,459
969
3,179
.8
26.4
26.3
.3
-.2
-5
11-2
3-7
4.7
6.1
8-1
.6
^2.6
-23
*
2.9
2.8
-2.7
6.9
5.5 10
11
-.3 12
1.5 13
- 9 - 9 14
*
2-4
8.4
8.4
-1
-. 1
2.8
.6
.2
.1
.3
.4
-1
-8
1-0
1.8
-1.7
.4
-.2
.5
-2.1
3-0
-9
.4
.6
2.0
7.6
2.8
1.9
.9
4.8
3.0
4.8
3.7
1-1
-1-8
1.8
2.6
1-4
1.2
-.8
22
23
24
25
26
23,574
11.5
11-3
19-4
29.1
29.3
27
-369
6,540
-1.7
-4
-.2
.9
--2
1.2
1-3
--2
139
5,190
338
177
14,978
1,271
4.7
.9
-.4
5.1
1.0
-.2
6-3
1.0
'--2
15.0
2-1
11.3
2,154
-2,039
-3,988
1,352
597
408
3,715
1,994
254
1,467
-99
1,007
Hiscellaneous assets
Dir. investment in U.S.
Equity, etc.
Betained earnings
Other
2,869
2,220
937
1,283
649
3,286
3,883
2,825
1,058
-597
1,152
2,689
213
2,476
-1,537
6,890
2,059
688
1,371
4,831
2,208
1,965
847
1,118
243
5,331
3,135
1,935
1,200
2,196
Net increase in liabilities
U.S. off. fgn. exchange
+ net IflF position
U.S. private deposits
14,351
9,907
6,956
18,584
16,988
1,643
2,285
286
-131
843
1,033
5,210
'651
2,465
6,510
660
3,486
105
222
8,194
880
835
8,004
-30
293
7,498
-154
Foreign corporate equities
Credit market instruments
Corp. and foreign bonds
30
31
32
-1,880
77,497
79,377
*
*
*
.9
6.6
*
15
16
17
18
19
.1 20
1.6 21
-5 28
-8 29
.2 30
31
6-2 32
34
35
36
Bank
lo
To
lo
loans n.e.c.
foreign official
foreign banks
other foreign
-1,474
567
-2,137
96
1,600
1,354
1,451
-1,205
4,956
774
2,540
1,642
6,445
1,849
2,824
1,772
-1,850
-913
-3,469
2,532
7,756
2,142
4,826
788
1.7
.2
.9
.6
3-7
.2
1.1
2.4
2-8
.4
1-6
.7
4-0
-3
3-1
.6
2-0
.3
1.1
-7
37
38
Bankers acceptances
U.S. Government loans
3,247
1,608
4,620
1,094
1,997
1,081
270
937
5,499
1,203
4,810
1,141
.3
1.8
-1-0
1-5
-9
1-7
7-3
1-6
-3 37
2-8 38
-56
649
-100
1,287
647
-5
.1
-5
--2
1-9
3-1
6,333
87
-170
5,438
-488
5,926
978
687
104
-62
1,858
-2,030
3,888
-1,213
-3,659
354
12
2,444
-1,339
3,783
-6,469
4,947
176
-58
6,207
2,808
3,399
-1,378
1,601
225
-34
1,747
-2,253
4,000
-337
7.5
-3
-.2
6.5
3-3
5.3
-3
-.2
5-7
1-2
4.5
--5
10.6
-3
.6
10.1
2.0
8.2
-.5
6,149
16,604
5,222
480
33
39
40
Security debt
Trade debt
41
42
43
44
45
46
47
Hiscellaneous liabilities
U.S.equity in IBBD, etc.
U.S. Govt, deposits
O.S. dir. inv. abroad(2)
Equity, etcBetained earnings
Other
48 Discrepancy
*
(D
O . S . net s a l e s , sign reversed(2) E x c l u d e s U . S . s e c u r i t y issues in foreign m a r k e t s .
11/81 BASED ON PBELIHIHABT AID INCOMPLETE
IMFOBHATION.
2,086
225
837
-3,158
3,995
1,024
7,442
8,691
3.2
1-0
*
10.2
-6
-.6
8.-9
1-2
7-8
1-3
33
34
35
36
,1 3S
-7 40
41
-7 42
43
14.0 44
6.0 45
8.0 46
-9 47
15.6
*
AUGUST 2 4 , 1981
State and Local b o v t s . and
State and Local G o v t s , and f o r e i g n
13
Foreign
Sector Statements of Saving and
SEASONALLY
Investaent
SEASONALLY ADJOSTED
ANNUAL
BATES
413-6 Total r e c e i p t s , NIA b a s i s
lax receipts
287-9
Social insurance r e c e i p t s
35.9
Grants-in-aid received
89-8
1
2
3
4
3 7 7 - 7 Total e x p e n d i t u r e s , NIA basis
Purch- of goods and s e r v i c e s
357.7
Net interest and t r a n s f e r s
20.0
5
6
7
ADJUSTED AHIOAL BATES
1976
1977
1978
1979
|
1980
I|
1980
1
I
II
III
267-8
187.1
19.5
61.1
298-0
208.4
22.1
67.5
327.4
225.6
24.6
77.3
351.2
242.6
28.1
80.4
384.0
264.5
31-5
88.0
372-1
256.9
373.9
256.6
29.6
30^2
85.5
5
6
7
251.2
232.9
18.3
270.0
250.6
19.4
298.4
279.2
19.2
324.4
305.9
18.5
354.9
335.8
19.1
345.1
326-8
18.3
8
9
10
16.6
12.9
28.1
15.9
12.2
29.0
20.7
26.7
16.2
10.5
29.1
26.5
3.7
11
12
13
14
15
-4.6
11.1
4.9
-2.6
20.1
-1..0
--5
22.9
16
17
18
19
20
21
7.7
4.1
2.2
1.9
2.4
1.3
.8
7.0
1.0
-.9
2.1
-
12.4
11.3
9.6
1.7
.6
.6
8.3
8.1
2.0
10.3
8.6
3.0
5.6
-.6
2.3
19.4
-1-5
-1.0
4-0
16.6
11.3
4.1
7.2
. 411.6
286,6
34.8
90.2
87.2
386-8
266.8
32.3
87.7
403.4
277.8
33.7
91.8
350.0
331.3
18.7
35a. 2
338.6
19.6
366.3
346.6
19.7
374.8
354.9
19-9
26.9
28-2
-1.3
23-9
34.9
-11-0
28.6
21.4
37.1
21.4
15.7
36-8
21.5
15.3
-7.2
19.9
-1.1
-1.7
•
-10.1
10.2
-18.4
-3-2
30.7
-1.1
-3-1
-3.7
-6.8
4.6
3-6
5-3
-6,0
9-5
23.9
14.2
12.3
15.5
7.9
7.4
3-3
4.2
-.4
8.5
-2.6
-2.9
33.2
21.7
21,. 9
39,0
30.1
27.1
33.7
24.2
22-9
-.2
-8
3.0
10.7
8.9
1-3
1-2
8.3
2-7
6.3
1.8
.2
9.5
-1.1
I
-.5
4.4
--6
.2
.6
9.9
II
(1]I
State and Local Governaeats - General Funds
1
2
3
4
I|
IV
1981
7.2
-,8
3.1
6.1
34.6
-2.6
37.3
-4.4
-2-3
*
35.9 Net s u r p l u s , NIA basis
25.7 - Betireaent credit to HH
10-2 - Gross saving
8
9
10
2.6 Net f i n a n c i a l investaent
24.1
-3.8
-3.1
16,4
14-0
5.0
1,3
3-8
.1
8-9
22
2-2
1.7
.7
1.3
-1.1
-.7
-2.9
-.3
-,.4
-7
.5
23
24
25
26
27
28
15.7
15.2
13.2
-4.1
17.2
18.0
17.3
17.1
-2-9
20-0
22.7
20.9
22.4
19.8
18.4
18.2
27.1
25.3
24.4
20.2
18.5
18.2
22.8
21.0
20-7
33-9
21.5
19-7
18.2
.6
.8
2.9
.1
1-1
17.4
21-5
18.1
19.6
22.2
.2
21.9
-1.6
31.1
29.4
28.5
10.6
17.8
2.0
.2
.9
-2
.3
32.1
30.7
4.6
26.1
1.4
31-5
29.7
27-9
1-8
.9
1.5
29
30
.5
8.3
.7
7.3
1.8
1.4
10.9
11-0
1.8
9-8
1.8
8-8
1.8
7-4
1.8
10.4
5.8
(Ui
Foreign
7-7
-9.9
176.0
185.9
4
5
6
4.1
4.5
-.9
4.1
5.5
4.6
8.7
5.2
6.0
5.5
4.8
5.9
8-0
5-7
-19.6
-23- 1
11.1
-17-9
12-5
-7-8
32.2
-26-4
J 1.7
-10.9
11-9
14.6
14.1
-8,3
15.8
-1.8
7
8
6.0
5.7
9-4
15.1
11.5
9.5
13.8
2.8
9.5
-.5
12-1
-26.7
9.5
13.9
12.5
-4.7
17.0
-5.1
-1.2
-7-7
-14.7
25.6
16.6
40.4
3.0
-28.8
58-2
-19.0
35-4
-48.2
-5.2
-8.6
57-7
-.2
2.4
-.4
-.8
1.3
-.2
1.1
5.4
29.2
-33.2
16.6
-.1
3.2
-43.2
21,0
-1-3
9
10
13
12
13
14
15
16
17
18
19
-1.9
-5.9
10-8
321.1
310-3
.4
4.2
1.8
1.1
.7
.7
20.3
-24.5
-8-7
315.2
324.0
*
7.3
-.9
6.7
5.6
317-6
331.9
-4
7.3
2.6
-57.0
-21.6
-1.0
-9.7
33.8
331-1
317.3
5.1
19.7
353,4
333-7
-,2
1.3
2.0
1.9
-33.4
-2.9
-47-0
2.2
4.5
6.8
-.5
2.6
4.7
2.8
2.7
2.4
1.6
5-3
39.4
31.5
37.7
28.2
-7.7
-14-0
17.8
10.5
-8.6
39.3
32.7
.9
2.7
3.5
4.4
1.6
7.9
-.6
6.9
2.9
4.4
5.4
6.7
1.0
5.6
6-7
3.5
32.4
320.4
288-0
-68.3
15.2
11.6
20
21
-
-
-
-
_
-
•
_
3.4
1.5
2.9
1.1
1,3
-.4
4.0
1.6
22
23
24
25
26
8.9
4.3
2-7
1.7
4.6
-4.0
7.4
14.2
10.9
-7.8
7.6
7.9
5.3
2.6
-.3
27
40.4
23.9
28
29
2.5
1.7
30
31
32
.3
9.8
-2.2
7.6
4.5
23-6
18.5
52.7
45.5
2.4
.7
5.5
1.8
*
-.8
-7.7 Net f i n a n c i a l investaent
Net acg. of f i n a n c i a l assets
89.4
Gold and SDB's (1)
-.1
0-S. denand deposits
-8
0-S- t i a e deposits
3.3
Net interbank claims
20.8
9
10
11
12
13
14
U . S . c o r p o r a t e eg ui t i e s
Credit market i n s t r u m e n t s
0-S- Govt- securities
0-S- c o r p o r a t e bonds (2)
Open-market paper
15
16
17
18
19
Security credit
Trade credit
20
21
M i s c e l l a n e o u s assets
Dir- investment in O . S .
Equity, etc.
fietained e a r n i n g s
Other
22
23
24
25
26
Net increase in l i a b i l i t i e s
O . S . off- f g a . e x c h a n g e
• net INF position
O . S . private d e p o s i t s
28
29
12.3
35.8
19.8
3,. 9
12.1
*
~8.2
,9
9.9
-.9
19.0
8.9
7-9
3.4
4-5
1.1
54-4
43-0
35.4
66.3
64.2
97.1
8.0
2.5
6.6
9-1
1.1
-.5
3.4
4,1
20.8
-2.6
9-9
-1.5
26.2
.9
2.0
2.6
-9
3.3
1.2
-6
.7
20.3
27-2
22.4
36,0
25,1
25-3
30.4
63.8
.8
.4
3.5
-.1
-.6
1-4
5.1
11.5
9.6
5.4
5.0
-.8
21-1
2.3
34.9
3.1
6.2
3.6
7.4
8.0
5.7
-3.7
-5.1
11-0
18.2
4-2
2.5
2.3
-.4
.7
32,9
4.5
4.7
2.3
11.2
10.1
13.0
18-5
19-2
4-7
6.4
4.4
1.1
3.7
22-0
3.0
8.0
4.3
4.8
4.6
7.3
-4.5
55.2
51-0
49.8
1.3
.2
2.4
-.4
6.1
.4
-.5
19.3
13.5
33.6
8.6
5.0
4.0
33
34
35
36
5.6
.9
4.2
.5
3.1
.1
2.7
.3
19.1
37
38
1.9
3.3
2.4
3.0
6.6
3.9
39
40
-
-
-
-
_
_
.
-
.
-
_
.3
.5
-.3
1.5
1.8
-.2
2.6
-.4
5.1
2.4
2-6
41
42
43
44
45
46
47
16.3
8.2
.7
19,7
22.6
-.1
1.4
-5.1
.7
-.2
.9
15.9
-1,0
17.0
-8.1
18.7
-5.0
23.7
-4.4
3.0
.4
--2
7.8
16.5
.8
8.3
.7
-.3
13.9
.6
.1
1.1
-.1
*
2.1
9.5
7-4
3.9
2.3
2.1
-4.1
*
11.6
11.2
15.2
22.1
3.9
7.7
3.7
4.8
6.4
3.9
3.1
11.3
19.0
-3.8
3.7
-.3
.3
-.7
4,2
-7.7
15.6
-5.0
27-3
10.8
8-2
2.8
5.5
26.. 0
16-5
12-5
7.7
4-8
4.0
8.6
8.1
14.4
22.9
-.3
-
5.3
.9
-.1
8.0
-.7
9.3
15.1
-16.0
13.6
-6.9
-16.3
16.0
-5.7
-8.0
16.0
-3.4
7.4
35-5
12.3
*
Foreign corporate equities
Credit aarket i n s t r u m e n t s
C o r p . and foreign b o n d s
11/81
BASED OiS iACOM?L£ifc
INFORMATION.
7
8
27
30
31
32
loans n . e . c .
foreign o f f i c i a l
foreign banks
o t h e r foreign
33
34
35
36
Bankers a c c e p t a n c e s
O.S- Governaent loans
37
38
Bank
To
To
To
Security debt
Trade debt
39
40
fliscellaneous
liabilities
U.S.equity in I B R D , e t c .
U.S. Govt, deposits
U.S. dir- inv- abroad(2)
Equity, etc.
Retained e a r n i n g s
Other
41
42
43
44
45
46
47
Discrepancy
(1) O . S . net s a l e s , sign reversed.
(2) Excludes U . S . security issues in foreign
BILLIONS OF DOLLABS.
29
30
sector.
4
5
6
15.5
11.3
*
23
24
25
26
27
28
5-9 - T r a n s f e r s t o foreign
16.4 - O . S . Govt- interest paid
-11-2 = 0.S-current a/c net receipts
• Net corporate e a r n i n g s
r e t a i n e d abroad
6.6
4.6 = F g n . current acct, balance
(0-S. b a l a n c e , sign reversed)
8.9
3.7
5,1
3.5
7.9
4.0
22
receivable
1
2
3
12.4
11.9
Taxes
Net increase in l i a b i l i t i e s
Credit aarket b o r r o w i n g
Stated-local o b l i g a t i o n s
Short-term
Other
0-S. Government loans
11.1 Net 0-S. e x p o r t r e c e i p t s
0-S- export r e c e i p t s
353.1
3 4 2 . 0 - 0-S. iaport p a y a e n t s
4-7
6-2
3.3
3.7
2.1
1.6
16
17
18
19
20
21
Sector
163.2
155.4
-1.7
262.3
264.0
Credit market instruments
0-S. G o v t , s e c u r i t i e s
Treasury i s s u e s
Agency issues
State*local o b l i g a t i o n s
Hortgages
Irade debt
1.8
1.8
1.8
7.6 Discrepancy
12.6
9.1
Employee retireaent funds are in i n s u r a n c e
1
2
3
-9.9
207.9
217-8
1.6
16-6
Security BB*s
11
12
1.3
14
15
Net aog. of financial a s s e t s
Demand dep- and currency
Tiae deposits
markets.
AUGUST 24, 1981
U.S. Governnent and Credit Agencies
14
O.S, Governnent and Credit Agencies
Sector Stateaents of Saving and Investaent
OIADJOSIED 1ST FLOMS ($ BILL.)
OIADJOSIED HET FLOIS (* HILL.)
1980
II
III
I?
|
I
1981
I
II
1971
BILLIONS OF DOLLIBS
1972
1973
1974
1975
O.S. Governaeat
1 Total receipts, HIA basis
2
Personal taxes
3
Corp. profits tax accruals
4
Indirect taxes
5
Social insurance receipts
125,753 144,099 136,409 134,546 147,020 171,640
53,824 72,068 67,573 64,344 62,760 86,012
17,581 15,608 17,476 19,508 15,788 45,663
7,701
9,585 10,706 12,631 14,909 15,447
46,647 46,838 40,654 38,063 53,563 54,516
198.6
90.3
33.5
20.4
54,4
227.5
108.2
36,6
20.0
62,7
258.6
114,7
43.3
21.2
79,5
287.8
131.3
45.1
21.7
89.8
287.3
125.8
43.6
23.9
94.1
1
2
3
4
5
6 Total expenditures, HIA basis
7
Goods and services
8
Transfers, etc.
9
Het interest
341,363 146,270 153,180 161,206 166,514 166,470
47,191 48,632 48,713 54,349 55,381 53,440
81,538 64,018 91,306 92,933 94,122 95,310
12,634 13,620 13,161 13,924 17,011 17,720
220.6
96.2
110.6
13.8
244.3
101.2
128.2
14.4
264.2
102,0
144.3
18.0
299.3
111,0
167.7
20.7
356.6
122.7
210.8
23.1
6
7
8
9
-15,610
-2,051
-13,559
1,360
-12,199
-2,171 -16,771 -26,660 -19,494
9,437
1,168
239 -2,670
-3,339 -26,208 -26,899 -16,824
1,060
3,668 -1,537
409
-2,930 -25,148 -23,231 -18,361
5,170
1,249
3,921
2,128
6,049
-22.0
2.9
-24.9
.7
-24,2
-16.8
3.1
-20.0
.9
-19,1
-5.6
2.3
-7.9
3.2
-4.7
-11,5
2.9
-14.4
6.5
-7.9
-69.3
3.8
-73.1
1.3
-71.6
10
11
12
13
14
-13,745
15 Het financial investaent
6,030
16
Het acg. of financial assets
1,786
17
Gold, SDE's • fgn. exch.
18
Deaand deposits • currency -7,560
-98
19
Tine deposits
-6,330 -19,228 -23,407 -23,446
2,580 13,831
-692 18,128
836
1,207
1,094
174
3,637
7,687 -8,939
5,805
230
26
-191
-151
1,794
-5,653
280
-2,137
-22
-24.5
4.0
-2-2
3.5
.1
-19.3
-,6
--4
-.8
.1
-6.1
4.7
-7.2
7.0
1.4
-4.5
-74.4
16,4
.5
2.9
.1
15
16
17
18
15
7,294
8,924
2.8
1.8
3.9
13.4
6.5
6.9
20
21
22
23
10
11
12
13
14
Het surplus, HIA basis
- Insurance credits to hh
* Gross saving
• Hineral rights sales (1)
* Honfinancial surplus
4,947
*
-1.8
-.2
*
9.4
20
21
22
23
credit aarket instruaents
Fed. agency securities
Hortgages
Other loans
6,948
2,089
4,563
1,254
3,938
1,667
3,280
1,375
5,919
3,586
5,338
-.4
3.2
-,7
2.5
24
25
26
Taxes receivable
Trade credit
Miscellaneous
3,539 -13,664
1,498
450
-83
42
2,345
1,101
366
4,931
620
118
1,176 -13,639
637
750
225
191
1.5
-1.7
,1
-.7
-.8
,1
-,6
4.5
1.6
.3
.9
3,8
5.7
-.2
1.0
—
2,496
4,452
6,652
5,192
—
—
—
—
—
*
*
*
*
•
-2.3 24
J. 2 25
,7 26
27
28
Het increase in liabilities
Treasury curr. • SDH ctfs.
19,775
1,384
5,638
190
37,356
326
25,987
-618
37,277
410
-7,447
349
28.5
,5
18.7
*5
10.8
,4
14,3
,4
90.9 27
.9 28
29
30
31
32
Credit aarket instruaents
Savings bonds
Other Treasury issues
Agency issues and atgs.
19,070
-3,880
23,035
-85
5,366
-2,604
8,191
-221
27,108
-349
27,598
-.141
27,652
-515
28,317
-150
35,831
-2,173
38,088
-84
-2,553
-1,131
-1,290
-132
24,9
2.3
23,7
-1.1
15.1
3,3
11.0
.8
8.3
2.7
5.2
.4
11.8
3.0
9,0
-,2
85.4
4.0
81.8
-.4
33
34
Life + retirenent reserves
Trade debt
-2,051
418
954
1,168
266
-1,352
9,437
376
109
239
313
-1,599
-2,670
637
3,069
1,249
138
-6,630
2.9
-.7
.8
3.1
-.1
2.3
.1
-.4
2,9
-.8
35
Miscellaneous
1,546
3,400
-5,920
176
5,085
4,255
,3
.2
1.3
-.7
2-7 36
14,042
29,272
15,131
14,577
14,612
29,302
32*0
37.3
41.7
45-3
45-9 37
•
29
30
31
32
3.8 33
1.4 34
-.7 35
36 Discrepancy
37 fleao: Corp. tax receipts, net
Shelf leases.
(1) Sales of outer Continental
Federally Sponsored Credit Agencies and flortgage Pools
Sponsored credit agencies
1 Current surplus
2 Het acg. of financial assets
3
Deaand deposits and currency
4
Fed. funds • security *P»s
5
Credit aarket instruaents
6
O.S. Governnent securities
7
Open-aarket paper
8
9
10
11
12
13
14
15
Housing credit
Residential aortgages
FHLB loans to s*l assns.
Loans to agriculture
Fara aortgages
Loans to coops (be)
Loans to faraers (ficb)
Miscellaneous assets
16 Het increase in liabilities
17
Credit aarket instruaents
18
Sponsored agency issues
19
O.S. Governnent loans
20
Hiscellaneous liabilities
.2
.2
,4
.6
.6
1
9,484
-33
-450
9,939
579
152
5,856
-33
3,393
2,431
-74
-2,456
10,632
196
1,277
3,808
-156
921
10,773
-49
-3,152
.7
.1
-.6
3,9
18.7
.1
2.3
18.0
5-1
2,633
104
671
4,539
297
-501
8,146
-314
-284
3,308
-124
-107
13,914
2,752
33
1,1
*.5
4.0
-1.2
.4
15.5
5,539
3,255
2,284
-365
1,393
-1,758
2,631
834
1,797
7,136
2,334
4,802
469
257
212
7,510
590
6,920
.2
2.9
•2.7
2.9
2.8
3,669
1,878
821
970
28
2,223
2,078
-1,285
1,430
-137
2,112
1,171
685
256
422
1,608
1,180
1,230
-802
1,013
3,070
1,998
270
802
-265
3,619
2,262
-500
1,857
60
1.4
.7
9,168
8,773
8,773
5,873
4,581
4,581
2,415
1,868
1,868
10,631
9,182
9,182
3,717
3,457
3,457
10,560
9,621
9,621
395
1,292
547
1,449
-62
278
254
21 Discrepancy
-1.0
-.3
2
3
4
-.2
20.8
.4
-9
4.5
1.5
.1
5
6
7
12.5
5,3
7.2
14.3
7,7
6.7
,7
.2
1.9
1.2
.3
.4
-.4
3-2
1.9
.3
1.1
.8
5.2
2.5
1.0
1,7
-1.8
4.1
2.6
.4
1.1
.9
11
12
13
14
15
,6
1.1
1.1
3.8
3.5
3.5
18,5
16.3
16.3
-.5
-
.3
2.2
-
17,6
17,3
16,6
.7
,3
4.8
3.2
2-3
.9
1.6
16
17
18
19
20
.1
.1
.2
.1
.3 21
3.4
3-3
.2
7.1
7.3
. 4 24
- . 6 25
17.8
5-1
6,5 27
3.5 28
-
•
*
.4
*
•
*
*
-1.2 8
2.8 9
-4.0 10
Federally sponsored aortgage pools (1)
22 Het acg. of aortgages
23
Hoae aortgages
24
Hulti-faaily aortgages
25
Fara aortgages
4,562
4,399
158
5
4,073
3,827
231
15
5,664
5,532
204
-72
4,268
4,246
144
-122
3,301
3,138
135
28
1,852
2,477
-7
-618
4.8
4,3
.1
.4
4.9
4,3
.3
,3
3.6
3.2
.2
,2
26 Het incr. in pool securities
4,562
4,073
5,664
4,268
3,301
1,852
4.8
4.9
3.6
10,096
3,674
3,693
2,238
8,367
2,040
11,526
1,486
3,742
3,098
9,980
3,001
4.5
1.8
7.4
2.2
15.9
3.5
13,335
8,654
7,532
13,450
6,758
11,473
fleao: Totals for agencies and pools
27
28
Housing credit
Loans to agriculture
29 Het security issues
(1) GHHA, FHLHC, and Faraers Hoae Adainistration pools. Excluaes
Federal Financing Bank holdings, vhich are in O.S. Governaent
aortgages and other loans.
11/81 BASED OH PBELIHIHABI AND INCOMPLETE INFOBHATIOH.
AUGUST 2 4 , 1981
U.S. Government and Credit Agencies
U.S. Government and Credit Agencies
15
Sector Statements of Saying and Investment
SBASOIALLX ADJUSTED ANNUAL RATES
1976
1977
1978
SEASONALLY ADJUSTED ANNUAL BATES
1979
1980
I
i
1980
II
III
I
IV
|
|
1981
I
II
,.S. Government
1
2
3
4
5
331.8
147-3
54.6
23.4
106.5
375.1
170.1
61.6
25.0
118.5
431.5
194.9
71.2
28.4
137.2
494.4
231.4
74.6
29.4
159.0
540.8
257.8
70.2
40.6
172.2
528.4
246.9
80.5
31.9
169.2
520.9
252.0
60.9
38.7
169.3
540.8
259.4
66.. 7
42.9
171.8
573.2
272.9
72.6
49.1
178.6
617.4
283.3
74.6
60.6
198.9
619.6 Total receipts, MIA basis
293.1 Personal taxes
63.3 Corp. profits tax accruals
62.8 Indirect taxes
200.4
Social insurance receipts
1
2
3
4
5
6
7
8
9
384.8
129.2
228.9
26.8
421.5
H3.9
248.6
29.1
460.7
153.4
272.1
35,. 2
509.2
167.9
299.0
42.3
602.0
198.9
349.8
53.3
564.7
190.0
324.5
50.3
587.3
198.7
334.2
54.4
615.0
194. 9
366.7
53.5
641.1
212.0
373.9
55.2
664.0
221.6
374.7
67.7
669.4 Total expenditures, MIA .basis
219.4 Goods and services
379.3
Transfers, e t c .
70.7
Met interest
6
7
8
9
10
11
12
13
14
-53.4
4.7
-57.8
4.0
-53.8
-46.4
6.6
-53.0
2.5
-50.6
-29.2
7.2
-36.4
2.0
-34.5
-14.8
8.2
-23.0
4.7
-18.3
-61.2
8.8
-70.0
6.5
-63.5
-36.3
5.1
-41.4
5.4
-35.9
-66.5
7.4
-73.8
1.6
-72.2
-74.2
15.9
-90.1
4.2
-85.9
-67.9
6.7
-74.6
14.7
-60.0
-46.6
3.9
-50.5
-6.1
-56.6
-49.8
9.4
-59.2
8.5
-50.7
15
16
17
18
19
-58.6
21.3
2.4
3.8
.2
-55.7
8.5
.3
-.4
.1
-38.7
24.6
-2.7
4.0
.1
-25.7
21.2
-1.5
.5
.1
-62.7
26.0
4.3
-3.0
-.2
-31.6
45.4
7.1
-3.9
-.4
-78.0
-1.4
.7
-10.0
-.6
-83.4
31.9
4.8
5.6
.9
-57.9
28.2
4.4
-3.7
-.8
-66.7
79.9
3.3
44.6
-58.4 Met financial investnent
15
-21.1
Met acg. of financial assets 1<6
Gold, SDB's • fgn. exciu
17
1.1
Demand deposits + currency 18
-45.4
Tine deposits
19
-.1
20
21
22
23
7.9
10.0
17.1
19.0
23.7
28.6
22.2
20.8
23.4
29.5
30.8
.4
7.5
4.2
5.8
4.2
12.8
6.6
12.4
7.5
16.2
9.7
18.9
7.5
14.6
4.8
16.0
8.0
15.4
4.7
24.8
13.4
17.4
24
25
26
5.6
.5
1.0
-1.5
-.8
.7
2.7
2.7
.7
-.1
2.4
.8
-2.8
3.7
.4
8.4
6.0
-.3
-15.7
1.8
.2
-6.1
4.4
1.5
1.9
2.5
.5
-1-1
2.5
-9
-11.3
3.0
.8
27
28
80.0
1.2
64.1
.3
63.3
.5
46.9
1.6
88.8
1.3
77.1
5.5
76.6
.8
115.3
1.3
86.1
-2.5
146.5
1.6
37.3
1.4
29
30
31
32
69.0
4.7
64.5
-.1
56.8
4.7
52.9
-.9
53.7
3.9
51-2
-1.4
37.4
-.8
39.6
-1.4
79.2
-7.3
87.1
-.6
61.5
13.3
75.2
-.3
71.6
-9.1
81.6
-.9
96.0
-3.1
99.7
-.6
87.7
-3.8
92.1
-.6
127.0
-6.0
133.3
-.3
51.2
-2.9
54.5
-.5
33
34
35
4.7
4.1
.9
6.6
1.4
-.9
7.2
2.2
-.3
8.2
1.1
-A.3
8.8
1.4
-1.9
5.1
1.1
3.8
7.4
2.2
-5.4
45.9
1.6
.4
6.7
.6
-6.4
3.9
1.8
12.3
9.4
1.9
-26.5
.1
36
4.8
5.1
4.3
7.4
-.8
-4.3
5.8
-2.5
-2.1
10.0
37
49.0
63.0
68.5
74.7
73.0
72.0
76.6
72.8
70.7
75.7
Met surplus, MIA basis
- Insurance credits to nn
= Gross saving
• Mineral rights sales (1)
= Monfinancial surplus
10
11
12
13
14
Credit Market instruments
Fed. agency securities
Bortgages
Cther loans
20
21
22
23
Taxes receivable
Trade credit
Miscellaneous
24
25
26
Met increase in liabilities 27
Treasury curr. • SDB cfcfs. 28
Credit market instruments
Savings bonds
Other Treasury issues
Agency issues and atgs.
29
30
31
32
Life • retirement reserves 33
Trade debt
34
Miscellaneous
35
7.7 Discrepancy
74.6 Memo: Corp. tax receipts, net
36
37
(1) Sales of Outer Continental Shelf leases.
Federally Sponsored Credit Agencies and Mortgage Pools
Sponsored credit agencies
.6
.9
2
3
4
4.7
5
6
7
4.7
1.5
8
9
10
7.4
„1
.2
28.4
20.3
-1.8
22.2
-.1
13.6
-9.8
37.4
-2.3
.6
8.3
-1-3
2.7
28.2
8.9
-2.0
27.1
-2.6
-1-1
9.7
-5.1
-.4
53-5
8.6
.1
14.9
7.8
7.1
26.5
9.7
16.8
-.6
7.0
-7.5
11.1
5.7
5.5
22.7
8.9
13.8
5.4
-3.1
8,-5
31.5
4.1
27.5
10.5
5.0
2.1
3.3
.6
9.6
6.3
1.5
1.9
1.3
12.6
7-0
1.8
3.8
-.3
7.5
7.3
-3.6
3.8
.4
10.2
5.3
4.0
8.2
5.6
3.6
-1-1
3.2
9.8
7.4
-.7
3.1
-1.4
13.3
7.9
-.2
5.6
1.5
27.8
23.1
23.1
30.1
24.3
24.3
28.1
24.4
24.4
34.3
31.4
31.4
22.5
18.8
18.8
20.4
16.4
46.4
35-1
31.1
31.1
11.4
8.6
8.6
-
5.9
-
3.7
3.7
4.1
41.6 Met increase in liabilities
39.6
Credit market instruments
39.6
Sponsored agency issues
U . S . Government loans
2.0
Miscellaneous liabilities
1.4
4.1
17.7
16.7
.9
.1
20.0
49.4
21.4
17.7
47.9
12.6
35.3
1.4
28.4
.1
1.8
6.3
-3.8
.2
26.3
.6
-1.2
29.4
.2
.1
25.3
.7
-1.6
.4
-2.0
4.9
.5
4.3
21.5
9.0
12.5
18.5
9.4
9.2
11
12
13
14
15
4.8
2.5
1.0
1.3
-.2
5.0
2.9
.6
1.4
.9
5.4
3.2
.7
1.5
.6
16
17
18
19
20
4.3
2.9
3.3
-.4
1.4
7.1
5.8
7.0
-1-2
1.3
*
*
42.2 Met acg. of financial assets
-.2
Demand deposits and currency
-12.6 Fed. funds • security HP's
35.8
.4
5.1
30.7
.1
.6
.3
11.5
-.4
3.7
. 3 Current surplus
*
4.8
•
•
-
*
1
2
3
4
Credit market instruments
5
U . S . Government securities 6
Open-market paper
7
Housing credit
8
Residential mortgages
9
FHLB loams to s*l assns. 10
Loans to agriculture
Farm mortgages
Loans to coops (be)
loans to farmers (ficb)
Miscellaneous assets
11
12
13
14
15
16
17
18
19
20
-.3 Discrepancy
Federally sponsored mortgage pools (1)
22
23
24
25
27
28
12.2
11.9
.5
-.2
10.8
4.6
16.1
15.7
.9
-.5
21.5
4.5
15.5
13.6
12.4
1.5
-.3
35.4
5.1
24.0
22.8
1.1
.1
42.5
10.6
18.6
18.0
.7
-.2
33.7
9.4
21.4
20.8
.6
*
2.8
8.9 Met acg. of mortgages
11.4
Home mortgages
*
Multi-family mortgages
-2.5
Farm mortgages
-.3
17.2
16.6
..5
.1
20.0
15.2
17.2
8.9 Met incr. in pool securities
26
17.1
7.6
31.4
9.9
38.4
7.7
22.5
10.0
Memo: Totals for agencies and pools
42.9
Housing credit
10.6
Loans to agriculture
27
28
36.5
36.3
46.3
25.8
,.e
48.5 Met security issues
(1) GMHA, FHLHC, and Farmers Home Administration pools. Excludes
Federal Financing Bank holdings, which are in U.S. Government
mortgages and other loans.
BILLIOMS OF DOLLARS.
11/81 BASED ON INCOMPLETE INFORMATION.
22
23
24
25
15.2
15.1
.6
--5
29
AOGUSI 2 4 , 1981
Banking System
16
Banking
System
Sector statements of Saving and Investment
UNADJUSTED
NET FLOSS
($ HILL.)
UNADJUSTED
1-980
I
II
|
III
IV
i
II
I
MET FLOSS
BILLIONS OF DOLLARS
1972
1973
1974
1981
1971
(S HILL.)
1975
flometary Authority
— ' J J»"t~-T
——"*——'—
1 Current surplus
2 Net a c g . of financial assets
3
Gold and foreign e x c h a n g e
Xreasury c u r r . • SDB c t f s .
4
Federal Reserve float
5
6
F.B. l o a n s to domestic banks
95
103
97
112
102
112
-.1
.1
.1
-1
.2 1
-2,956
-150
1,437
-3,085
1,048
7,646
-3,352
-106
5,770
2,832
-575
1,275
-4,639
1,964
464
-1,206
-1,153
1,491
-629
-(172
-755
354
8.5
--8
.5
.1
-.3
2.2
-.4
.7
-.4
1.9
8.1
-.2
.4
-.9
-.7
6.5
11.2 2
.1 3
1,0 4
1*7 S
-.1 i
-4,248
-3,770
-3,285
-485
-478
1,591
1,889
1,974
-85
-298
8.9
8.7
8.1
-6
.2
.3
.4
-.3
-7
-.2
9.2
9,3
8.6
,7
2
221
485
390
-975
-2,287
767
827
-1,752
^1,219
-801
-418
-533
8,681
8,479
7,858
-3,537
-3,663
-3,804
1,105
621
202
141
126
828
617
211
277
-454
544
109
-
306
-
-460
-
1,102
-
.2
14 Net i n c r e a s e in liabilities
Henber bank r e s e r v e s
15
16
Vault cash of c o m l . banks
-3,051
2,478
-3,155
7,543
1,342
696
-3,449
-5,466
1,278
5,658
-690
2,500
-4,741
-1,292
-2,519
1,379
-2,538
d, 09 9
8,5
3.6
.5
17
18
19
20
21
-1,364
-1,649
-213
4,508
2,113
3,756
-1,069
498
3,458
997
2,306
-119
-60
2,485
532
4.4
.9
.1
3*4
-1,010
-798
27
-15
-810
-132
7
8
9
10
11
12
13
Credit Market i n s t r u m e n t s
O.S. Government securities
Treasury securities
Agency i s s u e s
Acceptances
Bank loans n . e - c
Hiscellaneous assets
Demand deposits and currency
One to 0.S. Government
Due to foreign
Currency o u t s i d e banks
Miscellaneous l i a b i l i t i e s
808
242
840
-269
1,542
-1,374
-2
4,827
92
—-....-k—————.
•
*
-.. „ .
.1
.5
-1.1
-1.0
6.2
5.2
2.0
3.2
.9
*
-
—
8.5
S-4
7.4
1.0
.1
*
7
S
9
10
11
12
13
.3
1.8
2.1
-2.1
1.1
8.0
1.4
2.0
6.4
-1.2
1.0
11.0 14
.2 IS
.6 16
3.2
-1.1
-.1
4.4
-.1
3.4
-.5
-.1
3.9
1.2
7.0
-4
.2
6-3
-.3
16.6 17
4.5 16
* 19
6.2 20
-.5 21
. ,
—
—
i —
Commercial Banking (1)
2,219
2,728
2,115
2,788
1,835
3,083
2,047
2,740
2,445
2,337
1,695
2,871
3,4
3.9
4.3
4.3
4*6
5.8
4.6
5.4
3 Net acq. of financial assets
4
Demand deposits and currency
5
Total bank credit
6
U . S . Govt, securities
7
Treasury issues
8
Agency issues
9
State • local obligations
10
Corporate bonds
10,402
150
6,301
2,098
685
1,413
874
60
11,008
153
5,623
5,143
2,195
2,948
3,825
215
31,213
156
35,915
8,634
6,958
1,676
5,195
3
54,708
166
52,615
9,742
6,090
3,652
3,722
306
5,273
324
821
5,783
3,618
2,165
-922
308
42,585
338
36,807
1,182
-183
1,365
7
-48
57.4
.1
51.2
7.1
3.1
4.0
12.6
,.9
78.5
.2
75.1
6.5
2.4
4.1
7.2
1.3
88.0
-3
81.3
-1.3
7.6
5.7
.3
70.7
-.2
64.6
.7
-2-9
3.6
5.4
1.0
11
12
13
14
15
16
3,267
5,515
-2,961
5,646
-1,498
-3,435
-3,550
2,401
-5,593
-2,305
1,985
-38
22,079
4,900
-446
17,146
1,053
-574
38,853
6,599
-722
27,932
227
4,817
-4,323
3,500
-4,573
-1,988
76
-1,338
35,658
6,401
1,714
30.5
9.8
8.7
11.0
.3
60.1
16.8
12.7
26.1
-.2
4.8
76.5
19.8
12.6
48.8
-1.3
-3.4
57.5
12-8
3.4
41.3
2.2
'2^2
-2.1
3.8
3.1
-12.2
1.1 15
-677
4,628
2,038
3,194
-4,188
-670
1,810
117
-3,811
8,139
-1,439
7,079
4.1
2.0
-1.0
4.3
3.5
3.0
-.3
6.5
.8 Id
2.0 19
8,032
-29,892
-6,376
-417
-23,099
9,180
12,739
4,927
3,047
4,765
29,174
11,815
6,064
-3,224
8,975
2,731
53,501
10,286 -17,712
-7,173 -1,698
1,522 - 2 , 1 3 9
15,937 •13,875
41,341
561
1,942
2,030
-3,411
55.8
13.1
2-2
--3
11.2
76.6
20.9 ,
.7
1-7
18.5
85.1
12.7
-1.0
3.0
10.8
68.3
-.2
-5^1
2.6
2.3
6,844
-6,180
10,379
39,697
5,895
13,440
14.0
18.1
41.1
45.5
-10.(1 2 5
14,065
2,473
12,059
8,686
7,866
4,725
6,982
2,895
8,548
6,278
7,194
4,603
27.3
3.7
24.3
1.6
9.6
16..2
11.3
-1.9
40.1 26
3.5 27
7,025 -23,418
-7,408
-208
-2,020
-5,180
-5,971
2,102
-1,109
-6,964
-4,349
-2,359
993
-2,983
2,149
-401
1,953
597
*5.9
-.2
-1.0
-4.6
-3.8
1.6
-4.6
-.7
-3.7
-1.6
.6
-2.7
-2
-2.3
2.5
-.2
-12.0
A.6
-3.8
-9.9
28
29
30
31
1-2
3.2
.9
2.2
1.0
4.6
1.1
3.5
1.0
.8
.5
.3
32
33
34
35
.1
.1
7-7
- . 3 36
1 Current surplus
2 Plant and equipment
17
Total loans
Mortgages
consumer credit
Bank loams n.e.c.
Open-market paper
Security credit
Vault cash • mem. bank res*
19
Miscellaneous
assets
20 Net increase in liabilities
21
Checkable deposits
22
O . S . Government
23
Foreign
24
Private domestic
25
Small time and savings dep-
26
27
Large time deposits
Fed. funds and security BP*s
28
Net interbank claims
29
To Federal Reserve
30
31
To domestic banks (2)
T o foreign banks
32
33
34
35
Corporate equity issues
Credit market debt
Corporate bonds
Open-market paper
36
Profit taxes payable
37
Miscellaneous liabilities
-2,037
-1,802
665
-891
8,397 •20,725
83
2,368
248
2,120
84
762
640
122
100
750
312
438
100
3,208
327
2,881
112
195
371
-176
117
3,522
432
3,090
.6
1.6
2.0
-.4
1.2
3-7
3.1
-7
113
63
4,385
121
826
176
-3,872
190
3,574
91
9,664
1.2
-.2
10.7
-3,287
-1,900
-2,434
-2,420
-2.0
5,671
36,485
47,806
(2) Floats and discrepancies in interbank deposits and loans.
11/81 BASED ON PRELIMINARY AND INCOMPLETE
~3M
2,184
33,885
INFORMATION.
50.4
20
21
22
23
24
2
.1 38
-4.1
39 Memo: Credit mkt. funds adv.
.9,734
(1) Consists of O.S.-chartered commercial banks, their domestic affiliates,
Edge Act corporations, agencies and branches of foreign b a n k s , and banks
in O . S . possessions. Edge Act corporations and offices of foreign banks
appear together in these tables a s "foreign banking offices."
-2.1
-2,879
32.6
7.6
-1.7
-.3
9.6
2.1 37
4.7
4,9 53
-2,501
38 Discrepancy
34.4
•1
31.5
30.0
28.6
1**
1.6
-25
-10
Corporate equities
18
22,445
2,184
2,914
-a.9
4.3
2*3
66.8
70.3
84.6
29.4 39
AUGUST 2 4 , 1981
Banking System
Banking
Sector
SEASONALLY
1976
x/
ADJUSTED ANNOAL BATES
1977
1978
Systen
Statements of Saving and Invest rant
SEASONALLY ADJUSTED AHNUA1
1979
I
I
1980
1980
11
1
III
I
|
IV
BATES
1981
I
II
Monetary Authority
1
*
.4 Current
1
-7
.2
.4
*4
•4
,4
.4
.4
13.3
1.6
.6
2.7
.9
10.9
.7
1.7
.3
.3
7*1
2.6
1.5
-2.3
.4
4.6
-.6
5.7
-4.7
16-3
3.3
.9
,9
-9.2
-10.6
-*4
1.6
-,6
3.6
18.1
11*3
-2.3
-4.8
3.6
-1.0
7*9
1.9
3.6
-5.7
- 8 . 6 Net acg. of financial assets
Gold and foreign e x c h a n g e
-2.5
Treasury c u r r . • SDB ctfsu
-.7
Federal Beserve float
-3.9
F,fi. loans t o d o m e s t i c b a n k s
1.9
7.1
7.2
5.8
1.4
7.0
7.3
7.7
-,4
-.4
7.7
7.6
6,9
.7
.1
4.5
4,4
3.9
.6
.1
2.6
3.4
5.0
-1,7
-.7
21.5
22,6
20.1
2*5
-(1.1
-15.2
-16.2
-16.8
.6
1.0
9.1
7.9
7.1
.8
1.2
-7.1
-6.6
-4.6
-1.9
-.5
-7.8
-4.5
-4.1
-.3
-.2
-.6
.5
.2
.5
-1.8
2.2
.4
1.2
-1.8
4.4
14
15
16
9.8
-.9
-.1
8,3
1.7
1.8
12,6
4.4
1.5
10.6
-1,4
3.0
6,7
-2-3
1.3
4.2
5*5
.9
15.9
5,2
2.3
-11.0
-12.7
4.9
17.7
-7.3
-2.9
-1.5
-8.5
5.1
17
18
19
20
21
10.5
3.1
.2
7.3
.3
4.9
-3.3
6.3
-3-1
.1
9.3
.5
8.2
.1
.1
7.9
.9
9.0
-J.1
-,2
10.3
-1.3
1.7
-5-9
-.4
8.0
-3,9
5.7
-4.1
,8
9.0
2,8
1,8
-6.9
-.8
9.5
-5.1
26*9
12.6
-.5
14.8
1.0
2.2
-.7
.4
2.5
-.2
-1.2
-5.9
-*4
5.1
.5
7.1 Current s u r p l u s
11.5 Plant and equipment
.2
2
3
4
5
6
9.8
.1
1.4
-1.1
-.2
8.6
7
8
9
10
11
12
33
9.8
10.0
9.1
.9
-.1
*
.6
1.2
.2
*
8.3
-.1
Commercial
1
2
Banking
*
5.1
6.7
5.9
8.7
6.9
10.3
8,2
11,3
7.7
10.9
8.7
11,2
7.6
12.3
8.9
11.0
7.9
9.3
3
4
5
6
7
8
9
10
71.2
-.2
66,. 3
20.2
18.7
1.5
3.0
-.6
97.4
.5
89.9
-1.1
-1.9
.8
9.2
143.9
.3
125.9
.5
-6,5
7.0
9.6
-.3
132.6
.7
120.3
7.9
.4
7,6
9.5
-.1
107.3
.6
100,5
25.6
1S.9
9.7
13.6
,6
119,8
.6
97.4
10.8
2.4
8.4
8.3
.2
18,0
.6
8.0
24,5
14.1
10.4
14.0
.9
122.6
•6
125.6
35*1
27,5
7*6
16.7
168*9
.7
170.8
32.1
19.7
12.4
15.5
1.2
101*2
,5
73.5
25.3
13.6
11.7
1.2
1.2
11
12
13
14
15
16
43.7
15.1
12.0
6.2
3.7
6.6
81.9
27.7
22.3
29.5
.3
2.2
116.1
35.1
26.2
59.0
-1.3
-2.9
102.8
30,6
19.9
51.0
2.2
-.9
60.6
19.4
-9.7
48.4
1.8
,8
78.0
30.4
1.9
48.8
1.7
-4.8
-31.3
9.5
-27.0
-9.6
2.5
-6.8
73.9
13,7
-8,6
64,2
4.9
-,3
122.1
24.1
-5.1
90.3
-2.1
15.0
45.8
22.7
-4.2
16.3
8,0
3.0
17
*
*
*
*
*
Credit aarket i n s t r u m e n t s
U . S . Government s e c u r i t i e s
Treasury securities
Agency i s s u e s
Acceptances
Bank l o a n s n . e , c .
Hiscellaneous a s s e t s
-9.1 Met i n c r e a s e in l i a b i l i t i e s
Member b a n k reserves
-12.1
Vault cash o f c o a l , b a n k s
3.7
Deaand deposits and currency
Due t o O . S . Governaent
Due t o f o r e i g n
Currency outside b a n k s
Hiscellaneous l i a b i l i t i e s
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
UL —
4.5
4.1
*
^3.3
surplus
•
*
*
*
*
-.1
1
2
144.8 let a c g . o f financial assets
Deaand deposits and currency
.6
Total bank credit
137.9
0.S, G o v t , s e c u r i t i e s
8.3
Treasury i s s u e s
4.5
Agency i s s u e s
3.8
State • l o c a l o b l i g a t i o n s
-.6
Corporate b o n d s
-,2
130.5
25*9
3.1
95.7
1.7
4.0
*
3
4
5
6
7
8
9
10
Total loans
Bortgages
Consumer c r e d i t
Bank loans n . e . c .
Open-market p a p e r
Security credit
11
12
13
14
15
16
Corporate
17
egnities
18
19
-1.0
6.1
3.5
3.5
5.9
11.8
11.6
10,1
-1.0
7.3
6.4
15.3
7.5
2.0
-7.8
4.2
-10.2
7.6
-3.5
30.7
20
21
22
23
24
69.4
13.4
-.1
3.0
10.4
92.7
24.5
4.3
2.4
17.8
138.4
25.3
6.8
-.3
18.8
126.0
26.5
.4
4.1
22.0
99.9
4.9
-2-6
.9
6.6
111.1
16.6
.7
7.8
8.1
11.1
136.4
42,6
-5.3
6.S
-1.5
9.8
-8.9
41.8
161.0
-39.0
-15.4
-1*6
-22.0
92,9
76.3
24.6
1*6
49.9
25
-17.4
25.6
56,8
12.0
50.7
25.0
13,1
36,9
128,0
17.1
98,8
Saall tine and s a v i n g s d e p .
26
27
56.8
13.6
28.6
9.0
4.9
20.2
31.9
16.5
41.0
18.8
38.7
6.8
43.1
26,9
36.5
19.1
45.7
22.3
18,0
22.5
22,9
9.8
Large t i n e deposits
Fed. f u n d s .and security
2£
B P * s 27
28
29
30
31
-8.0
-1.3
-.9
-5.9
-4.8
1.4
-5.4
-.8
9.8
3.6
.8
5.4
19.1
,5
-1.7
20.3
-29.8
-1.9
-3.4
-24.5
,2
-1.4
-5.1
6.7
-80.1
-8.2
-3.5
-68.3
-32.7
3.0
-2,4
-33,4
-6*5
-1.2
-2.4
-2.9
-51.7
-1.9
-2.9
-47.0
26.5
-2.0
7.7
20.8
Net interbank claims
To f e d e r a l Beserve
To doaestic banks {2)
To foreign banks
28
29
30
31
32
33
34
35
1.6
6.1
6.9
-.8
.6
2.5
1.3
1.3
1.1
7.3
.6
6.7
1.3
6,7
2.1
4.5
.4
7.1
1.5
5.6
.3
9.5
1.0
8.5
.3
3.0
2.6
.5
• 4
3.0
1.2
1.8
,4
12,8
1.3
11.5
.4
.8
1.5
-.7
.5
14.1
1.7
12.4
C o r p o r a t e equity i s s u e s
credit aarket debt
C o r p o r a t e bonds
O p e n - m a r k e t paper
32
33
34
35
36
37
3.4
6.9
.3
12.7
.5
11.6
.5
6.3
•4
13.7
•6
4.4
.4
(10,2
.5
-3.1
-7
8.8
.7
23-0
Profit taxes payable
M i s c e l l a n e o u s liabilities
36
37
38
-1.4
-6.3
-8.3
-10.1
-10,6
-11,9
-9-4
-10.9
-10.0
-9.8
39
59.6
87.6
128.7
121.1
99.7
102.2
14.7
126,0
155.8
70.5
-8.4
14.7
Vault c a s h • a e a . b a n k r e s .
Miscellaneous assets
140.0 •et i n c r e a s e in l i a b i l i t i e s
Checkable deposits
-56.3
O.S. Governaent
-23*1
Foreign
1.2
Private doaestic
-34.4
- 9 . 2 Discrepancy
133.9 M e m o ;
Credit m k t . f u n d s a d v .
(1) Consists of O.S.-chartered commercial banks, their doaestic affiliates.
Edge Act corporations, agencies and branches of foreign banks, and banks
in O.S* possessions.
Edge ACt corporations and offices of foreign banks
appear together in these tables as "foreign banking offices,"
(2) Floats and discrepancies in interbank deposits and loans.
BILLIONS OF DOLLABS.
11/81
BASED ON INCOMPLETE INFOBMATION.
18
19
20
21
22
23
24
25
38
39
1 0 6 0 S S 2 4 , 1981
C o a a a r c i a l Banking
18
Subsectors
C o a a a r c i a l Banking
Subsectors
OBADJOStBD MEI FLOIS
(J BILL.J
Subsactor Stateaanta for Coaponeat G r o u p s ia Coaaarcial fianking
OIADJOSTED MET ILOUS
($ HILL.)
1980
21
III
|
|
If
1981
I
II
BILLIONS OF DOLLABS
1972
1973
1974
1971
O.S.-Caartered Coaaarcial
Banks
»———'———
————
1 Currant surplus
2 Plant aid ejulfttftttt
2,219
2,728
2,115
2,788
1,835
3,083
2,047
2,740
2,445
2,337
1,695
2,871
3.4
3.9
4.3
4-3
4.6
5.8
4.6
5.4
4.3
2.3
1
2
3 l«t a c g . of f i a t i c l a i a s s e t s
4
total b a n k
fc£*dU
5
0-S. dotftranant s e c u r i t i e s
6
traaaarf i s s u e s
7
Agency i s s u e s
7,032
5,418
2,086
620
1,466
11,070
4,030
5,042
2,071
2,971
22,601
29,021
8,282
6,605
1,677
42,609
44,914
9,573
5,957
3,616
3,783
1,656
5,882
3,775
2,107
39,343
36,486
1,095
-272
1,367
55.8
51.1
7-2
3.2
4.0
73.7
73.7
6-0
2.1
3.9
80.0
75.6
-1.4
-8.8
7.4
60.5
56.1
.7
3-5
28.9
30.6
30.1
28.4
1.6
3
4
5
6
7
758
-88
3,633
189
5,097
92
3,670
316
-956
150
-15
19
12.8
1.2
7.1
1.4
5.6
.4
5.1
1.0
1-6
1.8
8
9
2,662
5,490
-2,961
4,614
-1,478
-3,000
-4,834
2,372
-5,593
-3,817
2,237
-33
15,550
4,879
-446
11,442
399
-724
11,355
6,574
-722
0,766
-174
4,911
-3,420
3,480
-4,573
-767
-111
-1,449
35,387
6,380
1,714
22,217
2,135
2,941
29-9
9.6
8.7
10.6
.2
.8
59.3
16.8
12.7
25.5
-.3
4.7
71.0
19.6
12.6
43.1
-1.5
-2-9
49.3
12.3
3.4
34.1
1.6
-2.1
-677
2,291
2,038
5,002
-4,188
^-2,232
1,810
-4,115
-3,811
5,938
-1,439
4,296
4.4
.5
-1.0
1.0
3.5
1-0
-.3
4.7
4,662
-25,443
-6,376
-579
-18,488
9,242
14,027
4,927
2,913
6,187
20,562
10,700
6,064
-3,198
7,834
1,241
41,402
11,253 -16,913
-7,173
-1,698
1,365
-1,589
17,061 -13,626
38,099
580
1,942
1,467
-2,829
54.1
13.0
2.2
-.5
11-2
71.8
24.2
-7
1.4
22.1
77.1
12.5
-1.0
2-2
11-3
58.1
-1.3
-5.1
2.1
1-7
8
9
State • l o c a l o b l i g a t i o n s
C o r p o r a t e bonds
10
11
12
13
14
15
16
17
total loans
Bortgagea
Conaoaar cr»di%
Bank l o a n s a . » - c .
o p e n - a a r k * t paper
Security credit
Vault c a s n * nan. bank r e s .
Miscellaneous assets
18 Met i n c r e a s e in l i a b i l i t i e s
II
Ckecfcafcle deposits
20
0.5* G o v e r n m e n t
21
Foreign
22
Private d o a e s t i c
23
S i a l l t i a e * s a v i n g s deposits
24
25
Large tine deposits
f e d . faads and security
26
27
2%
29
30
Bet i n t e r b a n k l i a b i l i t i e s
Federal Beserve float
Borrowing at P.B. b a n k s
to donestic b a n k s
t o foreign b a n k s
31
Corporate
32
Corporate bonds
33
34
Profit t a x e s payable
Miscellaneous liabilities
BP*s
equities
35 Discrepancy
3 6 Beao:
C r e d i t n k t . f a n d s adv-
-2.8
-2.5 10
3.7 11
3.1
-12.9
1-1
12
13
14
2.2 15
.8 16
-2.5 17
27.0
7.0
-1.7
-.5
9.2
18
19
20
21
22
14,065
12,059
7,866
6,982
8,548
7,194
27.3
24.3
9.6
11.3
40-1 23
7,173
2,473
-6,053
8,686
7,023
4,725
34,704
2,895
1,794
6,278
11,900
4,603
13.8
3.7
18-5
1-6
40.1
16.2
44.3
-1-9
-13.5 24
3-5 25
3,551
-3,085
1,048
-1,389
6,977
-23,815
485
-2,287
-6,783
•15,230
-8,501
-975
767
1,870
•10,163
-9,253
1,275
827
-6,145
-5,210
-2,269
-1,206
-1,153
1,933
-1,843
4,969
-755
354
5,572
-202
-6-7
.1
-.3
-1-5
-5-1
-5.4
--4
1.9
-6-2
-.8
-5-8
--9
-.7
-1.1
-1.1
-1.0
3-2
-2-2
-11.0
1-7
-.1
-4.2
-8-4
83
-125
113
2,772
84
340
63
3,851
100
8
121
-1,480
100
-58
176
-5,397
112
-88
190
3,589
117
-93
91
8,738
.6
•9
1.2
1.6
1.2
1-1
-.2
6.4
-2,879
-2,501
-3,287
-1,900
-2,434
-2,420
-2.1
-2.0
.1
3.3
-4.1
-3.2
*1 35
8,418
4,063
29,745
40,003
3,105
33,545
50.3
69.0
78-4
58-3
28.4 36
*
-3.3
--9
*
1.0
.2
5-5
26
27
28
29
30
1.0 31
.2 32
-.3 33
• 1 34
Doaestic Affiliates of Coaaarcial
il Banks
——
'
2,537
2,737
-200
-100
184
159
59
100
-437
^698
159
-728
2,537
-659
3,266
-100
-610
1 Bet a c g . of financial assets
2
Inf.
in f i n a n c e c o . s a b s .
3
Bank loans n . e . c .
2,015
2,199
-184
-437
-621
4 Bet i n c r e a s e ib l i a b i l i t i e s
5
Bet Interbank c l a i n s
6
Credit aarket debt
7
C o r p o r a t e bonds
8
c o a a a r c i a l paper
9
Miscellaneous liabilities
2,015
-572
2,493
2,120
422
300
122
94
-161
373
742
304
438
145
-14
-86
385
283
459
2,881
-176
-70
227
.5
.6
-.1
2-1
2.4
-.2
3.1
1-4
1.7
1.6
-7
-9
2-9
3.4
-.5
1
2
3
2,251
-578
3,615
.5
-.3
.8
1.1
--4
2.1
--6
2.6
1.9
.7
.2
3.(1
-.1
3.2
.9
2.2
1.6
-3.3
4.4
1-0
3.5
-5
2.9
2.0
.6
.3
.3
.2
4
5
6
7
8
9
2.2
1.2
.3
4.4
4.4
.2
8.5
7.2
-2
.4
1.6
1.1
-.2
1
2
3
-.1
.8
-1
4.0
.2
6.3
-7
*
*
II.2
4
5
6
*
7
525
3,090
-786
*
Foreign B<inking Offi<
1 Bet a c g . of financial assets
2
credit aarket i n s t r u m e n t s
3
O . & . Government securities;
4
State • local o b l i g a t i o n s
5
corporate bonds
6
Bank l o a n s n . e . c .
7
Open-aarket paper
9
10
1,420
1,230
4
31
-4
1,219
-20
11 Bet i n c r e a s e in l i a b i l i t i e s
12
Denand d e p o s i t s
13
Tine d e p o s i t s
14
15
16
Bet i n t e r b a n k liabilities
t o foreign banks
to donestic banks
17
Miscellaneous
92
75
-109
1,328
-252
7,603
6,648
8,660
8,024
321
48
21
119
2
136
5,604
7,366
654
401
187
206
726
32
12
51
582
49
4
150
601
-8
-94
738
-25
111
8
-27
1,543
690
-939
-129
1
137
-1,135
-435
-10
-5
623
-672
1,420
-4,449
-329
-1,288
-127
7,603
1,115
3,356
8,660
-967
4,993
-799
4,101
1,540
4,046
1,420
2,626
1,095
-5,495
6,590
1,821
4,983
-3,162
3,941
-1,754
5,695
-1,470
-1,140
-330
-3,041
1,311
693
-1,142
2
Corporate e q u i t i e s
Security c r e d i t
M i s c e l l a n e o u s assets
447
1,134
447
liabilities
690
*
D.S.
.7
-.a
-.2
-.2
-.3
.5
.1
*
*
*
*
*
*
*
•
-501
-8
.1
.9
-.6
.6
-.1
1-4
* 8
-.1 9
.6 10
206
-19
.7
.2
.3
2.2
-3.3
-.4
4.4
.3
1.0
8.5
1.2
1.1
1.6 11
.6 12
3.4 13
1.2
.4
.7
2.2
2.3
2.2
-1.8
4.0
4.6
2-0
2-6
-3.0 14
-1.4 15
-1.6 iS
-.9
3-7
1.0
1-6
-7
17
-2,242
799
Banks i n 0.S-
*
Possessions
assets
currency
-65
150
-72
153
850
156
902
166
900
124
785
138
5
1
.5
.2
.5
.3
.1
-.2
1.1
.1
1
2
Credit aarket i n s t r u n e n t s
U . S . Governuent securities
State • local o b l i g a t i o n s
C o r p o r a t e bonds
Hoae aortgages
Coaaercial aortgages
M i s c e l l a n e o u s assets
270
8
85
152
48
-23
290
9
117
135
79
-50
-8
31
50
-21
50
50
-32
55
10
3
2
.3
.2
.1
-1
-.1
.1
.5
-.2
.2
.4
.1
.1
-110
-146
-485
-515
36
-15
702
77
-52
757
104
30
33
21
51
-31
672
*
.1
.4
-.2
.2
.6
3
4
5
6
7
8
9
1 Bet a c g . of financial
2
Deaand 'deposits and
3
4
5
6
7
8
9
'—
2,251
2,605
-354
10 Bet i n c r e a s e in deposit
11/81 BASED OB PBELIBIBAEY
liab.
ABD INCOMPLETE
IBFOBBATIOB.
-118
69
-48
679
*
,*
1
,*
3
*
*
*
*
*
*
.1
.1
*
*
AOGOST 24, 1981
Coaierclal Banking Subsectors
Coaaercial Banking Subsectors
19
Subsector Stateaenta for Coaponent Groupa in Coaaarcial Banking
SEASONALLY A0J0S1BD AIMOAL BATES
SEASONALLY ADJUSTED AMHOAL BATES
I
1980
1980
J
I
II
III
O.S.-Charterad Coaaarcial Banks
1
IV J
193*
I
II
1976
1977
1978
1979
1
2
4.5
4.1
5.H
6.7
5.9
8.7
6.9
10.3
8.2
11.3
7.7
10.9
8.7
11.. 2
7.6
12.3
8.9
11.. 0
7.9
9*3
3
4
5
€
7
59.5
6fi.1
19.6
18.1
1.5
90.8
83.6
-1.3
-2.2
.9
119.8
106.9
.1
-6.7
6.8
109.6
105.9
7.4
-.2
7.6
83.3
83.4
25.0
15.3
9.7
105.0
92.6
10,8
2.2
8.6
13.1
-3.6
24.1
13.6
10.5
91.2
101.1
33.7
26.1
7.6
124.0
143.5
31.4
19.2
H2.2
94.0
75.6
25.7
14.2
11.5
125.6 Mat acq- of financial assets
130.4 Total bank credit
7*9
0*S* Governaent securities
4.1
Treasury issues
3.8
Agency issues
8
9
2.6
-.6
9.2
-.3
9.4
-.6
9.7
-.3
13.2
.5
10
11
1*
13
14
15
39.6
15*1
12.0
3.4
3.2
6.2
75.9
27.6
22.3
24.1
1.8
98.1
35.3
26.2
41.8
-2.3
-3.0
89.1
30.6
19*9
37.9
1.6
-.8
44.7
19.3
-9.7
33.0
1.0
1.2
7.9
-.4
74*3
30.3
1.9
44.0
1.8
-3.7
13.2
.8
-41*6
9.4
-27.0
-21.1
3*5
-6*4
16-3
.4
50*7
13.6
-8*6
44.2
2*3
-.7
15.3
1.3
95*5
24.0
-5.1
65.0
-3.7
15.5
1.1
,.6
46*2
22.6
-4.2
20.6
7.3
1.9
-.7
.1
123*1
25.8
3*1
88.1
1.5
4*6
State • local obligations
Corporate bonds
Total loans
flortgages
Consuaer credit
Bank loans n.e*c.
Cpen-aarket paper
Security credit
8
9
10
11
12
13
14
15
16
17
-1*0
-.6
3.5
3.7
5.9
7.0
1.6
2.1
-1.0
.9
18
19
20
21
22
57.7
11.0
-.1
1.7
9.4
86.1
21.5
4.3
1.7
15.5
114.3
22.8
6.8
16.1
102.9
25.7
.4
3.4
21.9
75.9
10.5
-2.6
.5
12.6
6*4
6.0
96.3
27*5
.7
5.8
21.0
7.5
9*2
6.2
6.S
-5.3
6.7
5.6
-7*8
-2*1
84.939.7
9*8
-9*9
39.8
-10*2
-9*3
116.0
-31*9
-15.4
-.6
-16.0
-3.5
21*9
85.8
71*7
24.8
2.6
44.2
-8.4 Vault cash • aea. bank res.
3.6 Biscellaneous assets
120.8 let increase in liabilities
-54*0 Checkable deposits
-23.1
O.S. Governaent
-.3
foreign
-30*6
Private doaestic
16
17
18
19
20
21
22
.2
•
7.1 Current surplus
11.5 Plant and e^uipaent
1
2
3
4
5
6
7
23
56.8
28.6
4.9
31*9
41.0
38.7
43.1
36*5
45.7
18*0
22.9
Saall tine*savings deposits 23
24
25
-17.8
13.6
23.4
9.0
50.3
20.2
8.3
16.5
42*8
18.8
26
27
28
29
30
-9.9
-1.1
-.2
.3
-8.9
-3.0
1.2
.2
-2.7
-1.7
2.2
2.7
.9
-3.5
2.1
11.0
.3
,3
-4*0
14.5
-38.0
-2.3
.4
-12.4
-23.6
26.3
6.8
-9.3
-4.7
3.3
-15.0
7.0
13.7
26.9
-88.0
.9
-9.2
-26.5
-53.3
23.5
19.1
-36.0
-.6
3.6
4.2
-43*2
108.0
22*3
-18.7
-4.8
3*6
-12.5
-5*0
.7
22.5
-38.3
3.8
-5.7
-1.1
-35*4
92*7
9.8
30.6
-3.9
1.9
23.6
9*0
large tiae deposits
24
Fed* funds and security IP's 25
let interbank liabilities
26
Federal Beserve float
27
Borrowing at F.B. banks
28
To doaestic banks
29
To foreign J>anks
30
31
32
33
34
1.6
.7
.6
.6
1.7
5.6
1.1
.2
.3
12.2
1.3
.2
*5
7.4
.4
*2
.5
-.3
.3
-.5
.4
6.2
.3
1.4
*6
1.4
.4
•
.4
1.3
.4
-*2
.5
-9.9
*4
-.4
.7
10.4
.5
-.4
.7
88.1
Corporate eguities
Corporate bonds
Profit taxes payable
Biscellaneous liabilities
35
-1.4
-6.3
-8.3
-10.1
-10.6
-11.9
-9.4
-10*9
-10*0
-9*8
36
54.9
81.8
109. 9
106.7
82.2
96.3
2.8
101.8
128.0
73.7
-9*2 Discrepancy
31
32
33
34
35
125*8 fleao.* credit akt. funds adv. 36
Doaestic Affiliates of Coaaercial Banks
•
5.4
5.5
-.1
4.3
4.4
-.1
8.1
8.8
-.7
-1*7
-2.5
.7
*6
.2
*4
10.1
10.9
-.8
-*4
-*1
-*3
9.0 let acg* of financial assets
Inv* in finance co* subs.
10.4
-1.4
Bank loans n.e*c.
1
2
3
1.7
5*4
-3.0
-1.4
4.3
-2.7
6.9
1.4
5.6
8.1
-2.3
10.0
1.5
8*5
.4
-1.7
-2.8
1.7
1.2
.5
-.6
.6
-2*9
3*0
1.2
1*8
*6
10.1
-2.6
13.1
1.5
11.5
-*3
-*4
-2.4
1.1
1.8
-*7
*9
9.0 let increase in liabilities
let interbank claias
-2.3
Credit aarket debt
14-5
Corporate bonds
2.1
Coaaercial paper
12.4
Biscellaneous liabilities
-3*1
4
5
6
7
8
9
1*7
2.7
1
2
3
6.1
6.4
-.3
-.5
.6
4
5
6
6.1
-.3
-1.6
)
6.2
-.8
.9
2.0
.7
1.3
-.3
7.2
.5
6.7
6.5
1*9
4.5
-2.4
• 3
8
9
•
5,. 4
-1.0
•
.—— ,.___„.
)ffices t in O.S.
5.3
4.4
.5
5.7
4.9
-.1
21.8
19.6
.5
-.1
.1
18.1
1.0
16.5
14.5
.5
.1
.1
13.2
.6
6.9
10.0
.4
.3
-.4
10.8
-1.0
7.0
5.6
18.1
17.0
.5
.2
..._. — — —
27*4
23.8
1.3
.2
.1
19*6
2.6
31.2
28.7
.5
-,..„__-.
4*0
-3*2
-.5
1
2
3
4
5
6
7
-.1
3.5
.5
8
9
10
.4
.4
.5
.3
.1
2.0
2.1
-.4
1.5
-1.1
2.5
-.4
-2.7
.4
3.2
--5
3.0
-.1
1.1
6.2
11
12
13
5.3
2-4
-4
5.7
3.0
2.2
21.8
2.5
6.4
16.5
.8
3.6
18.1
-5.6
7.9
7.0
-10.9
-1.3
6.9
-7.3
-.5
27.4
2.9
13.4
31.2
-7.1
20.0
4.0
4.7
16.4
14
15
16
2.2
3.0
-.9
-.2
.9
-1.1
10.6
3.4
7.3
9.5
5.8
3.7
10.9
-.8
11.7
11.8
-.3
12.1
10.7
-15.0
25.7
6.2
9.8
-3.6
14.9
2.1
12.8
-11.0
-11*6
.6
*
*
•
.2
4.7
.1
•
*
*
*
*
*
5.5
.1
•
15.5
-.1
.8
*
*
*
*
•
.5
26*1
1.6
*
*
.5
-4*0
.7
7*1 let acg* of financial assets
Credit aarket instruaents
9.7
O.S. Governaent securities
*1
State • local obligations
Corporate bonds
.2
Bank loans n*e*c
9.1
Open-aarket paper
.2
*
*
-.6
-2.0
Corporate eguities
Security credit
Biscellaneous assets
1
2
3
4
5
6
7
8
9
10
7.1 let increase in liabilities
-2.3
Deaand deposits
6.2
Tiae deposits
11
12
13
let interbank liabilities
To foreign -banks
To doaestic banks
14
15
16
-1.8
11.8
-13.5
Biscellaneous liabilities
Banks in O.S. Possessions
1
2
3
4
5
6
7
8
9
.4
-.2
.6
.1
.4
.1
.1
-.1
- 1
.8
.5
.3
.2
-.1
.1
*
.1
*
10
.4
.8
BILLIOIS OF DOLLABS.
.6
.3
.2
-.1
.3
.2
.1
-.3
.1
1*1
.7
*
•
-.2
.1
.1
*
.4
1.6
.6
.5
.1
.3
•
*2
-.1
.5
.6
1.1
1.6
-.3
-.3
.6
.6
1.1
1.2
*
*
.3
.5
<,6
.5
.2
«3
-.1
-.2
-1.9-2.1
-.3
11/81 BASED 01 IICOBPLBTE IIFOBHATIOI.
-.3
3.4
*6
*
.1
.2
-.4
.1
-.1
2.8
3.6
.7
-.1
.2
.2
-.6
.3
-.2
3.0
3.6
.5
.4
.1
.. 1
.1
.2
-.1
2.7
3.1 let acg* of financial assets
1
.6 Deaand deposits a n d currency 2
- . 1 Credit aarket instruaents
3
.2
U . S . Governaent securities <4
*
State • l o c a l obligations
5
-.5
Corporate bonds
6
.3
Hoae aortgages
7
-.2
Coaaercial aortgages
8
2.7 Biscellaneous assets
9
3.4
3.6
3.6
3.1 let increase in deposit liab. 10
AOG0SX 24, 1981
Honbank finance Suaaary
20
Honbank finance Suaaary
Private Honbank financial Institutions
OHADJ0STBD HEX FLOMS (f Hill.)
OHADJ0S1TED MET PLOWS ($ Bill.)
1980
I
II
I»
III
I
1
1981
I
II
BILLIOMS Of DOLLARS
1972
1973
1974
1975
Private Honbank f inaacia;
1 Current surplus
2 Physical investaent
2,818
2,458
2,517
904
979
792
52,794
3 Bet acq. of financial assets
429
4
Deaand deposits and currencyr
2,300
5
line and savings deposits
931
6
Security BP's
1,207
7
Foreign deposits
59,392
1,870
2,568
2,063
52,260
740
275
73,539
10,680
37,096
-247
18,355
2,046
-411
-1,502
-1,027
21,068
2,682
21,692
1,967
-1,606
3,981
-1,118
4,001
35 Discrepancy
3
4
5
6
57,429
16,313
-2,984
1,875
18,143
19,334
965
114.6
.5
4.2
-1.0
2,544
100
1,119
77*1
.1
2.0
475
618
50
-2,837
91.5
1-4
1.6
.5
456
36
Security credit
Profit taxes payable
Hiscellaneous liabilities
106-6
.7
2*4
.7
2,287
49,667
16,579
1,264
32
33
34
85.6
844
-2,423
59,418
13,517
15,632
-4
63,848
1,033
3,012
50,739
8,919
15,322
-1,658
-1,049
*1,758
73,116
-2,901
6,130
45,157
2,658
2,557
6,507
9,954
6,662
16,819
1,159
-4
565
59,799
2,164
2,419
4,836
59,220
26,678
1,849
2,727
6,821
2,708
18,437
2,423
-1,933
2,284
1
2
7,702
41,378
8,772
1,546
3,282
15,205
5,031
6,742
883
435
-18
346
867
2.5
5.3
6,345
37,572
13,799
2,705
6,841
14,284
2,950
-3,007
762
436
-1,433
4.7
2*6
1,946
3,420
399
451
Credit aarket instruaents
Corporate bonds
Hortgage loans in process
Other aortgages
Bank loans n.e.c.
Open-aarket paper
fed. hoae loan bank loans
4.5
2.0
3,985
Security credit
Trade credit
Hiscellaneous assets
25
26
27
28
29
30
31
4.2
2.2
843
16
17
18
301
4.2
1.6
-1,868
13,479
19 Met increase in liabilities
20
Tiae and savings deposits
21
Honey aarket fund shares
22
Security HP's (s*l)
23
Insurance • pension reserves
24
Corporate equity issues (1)
1,246
1,263
9,037
269
-653
Corporate equities
45,307
Credit aarket instruaents
O.S. Governsent securities; 14,840
state • local obligations
2,109
7,782
Corporate • foreign bonds
8,008
flortgages
921
Consuaer credit
11,647
Other loans
264
1,426
1,706
5,839
-672
1,601
8
9
10
11
12
13
14
15
4,319
45,475
10,242
3,823
11,278
6,389
2,193
1,217
620
1,212
-13
286
99
1,797
3,713
838
7,696
151
540
-106
-77
353
-1,554
3,537
1,956
4,802
5,824
401
830
957
8,353
6,555
2,277
-141
1,505
-868
212
.4
§*1
2.4
*
-
7
5«#
J. 8
94.0
8
9
2U6
4.0
29.4
2J.2
5.2
6*1
10
11
12
13
14
15
-
-
-
19.2
57.9
16.4
77.4
13.1
77.7
.2
4*0
5.3
4.6
1.3
3.6
2-7
13.1
32.3
12-3
44-0
12.2
44.8
11s§
4.5
3.8
5.8
5.5
8.6
6.9
2.6
-3
1.8
3.7
1.2
4.2
-4.3
-1*6
.6
2.2
«5
4.3
67,149
-675
14,964
3,868
18,632
2,220
8243
40.5
105-2
46-0
89-7
27.8
•
24*5
.3
26.3
30.7
2.5
2-1
1.3
78-6
22-f
2*4
1.5
33.4
*9
15,298
4.5
2.9
2.0
.1
1.9
.3
12.9
487
955
212
-10
1,344
5,877
6,920
-2.7
4-0
1.2
.5
6.0
1.2
*
• »
—
59,8
i<B
iU%
S.J
8<7
.3
9.0
2.7
7.2
12.3
1.9
-1*4
.2
4.6
.3
6.7
-2.9
21.2
3-5
-(1.5
1.0 16
«6 17
5.5 18
117*0 19
59.4
(J .3
.1
35-7
-.5
20
21
22
23
24
-1.9
25
2,8
1.9
«4
-3.3
.7
-4.0
26
27
28
29
34
31
4.1
-2
-3*4
9,091
1.1
-.1
9-2
13.4
12.2
9*0
2.9 32
.1 33
IS.9 34
3,284
-.8
.6
.8
3.2
-.3 35
43.3
51.6
37.9
-*2
2-8
.7
*4
1.9
.5
-.1
-.7
2.0
30.7
.1
1.5
2.3
59.9
.3.
5.0
-1*1
.4
35*1
.7
.1
-1.1
.2
24.2
.2 6
53.2 7
9.8 8
1.6 9
3.5 10
32.7
24.5
3.3
4.9
19*8
14.7
1.7
3.4
3,309
8,977
-1,988
1,099
6,509
-1,394
143
747
•
442
.1
*
(1) Includes nutual fund sharesSavings institutions Coabined
213
1 current surplus
2 Met acq. of financial assets
3
Deaand deposits and currency
4
Tiae deposits
5
Security BP*s
6
7
8
9
10
11
12
13
14
15
16
17
18
19
Corporate equities
Credit aarket instruaents
U.S. Govt, securities
State • local obligations
corporate bonds
Hortgages
Hoae a o r t g a g e s
Hulti-faaily
Coaaercial
fara
Consuaer install, credit
Consuaer noninstall.credit
Open-aarket paper
Hiscellaneous assets
20 Met increase in liabilities
21
Deposits
22
Security BP's
23
Cr. akt. instr. (svgs.+loaa)
24
Profit taxes payable
25
Hiscellaneous liabilities
12,511
1,183
1,088
9,886
20,544
23,354
397
657
50
-1,892
919
9,833
-822
-242
-611
-135
7,613
1,829
-139
11,153
1,150
63
515
-149
21,343
7,441
-314
-362
35
-59
2,514
2,120
11,141
10,384
11,560
10,017
126
268
425
331
1
474
709
976
-337
8,255
3,315
-149
-16
-34
7,449
6,645
-100
20,553
7,357
52
518
3,829
3,166
304
359
-
-
-
*
-
-730
-2,514
1,131
1,219
370
-24
372
1,701
1,613
303
83
-41
729
329
365
2,134
237
-1,040
11,769
8,919
10,164
13,517
20,625
16,579
36
804
169
50
100
-3,523
4,597
126
-6
165
166
-816
-577
41
1,841
26 Discrepancy
1 1 / 8 1 BASED OH PBELIflllABT AMD IHCOflPLETE IEFOHflATIOH.
10,110
-203
2,230
499
425
141
1,121
1,069
.5
.6
38.7
46*1
-300
3.6
.2
3.9
3.5
.5
2.1
4,385
3,698
7,510
6,298
27.6
17.7
39.4
27.5
312
375
554
658
5.5
4.5
-.1
4.7
5.1
1.9
.2
.8
1.9
.2
.4
2*2
3.6
.6
-1.4
1.2
41.6
40.5
49.1
46.0
35.1
27.8
-
.3
1*7
28
1,447
3,345
-314
470
161
494
22,819
16,313
1,875
5,042
10,922
10,680
-247
-1,127
11,118
-675
3,868
7,359
197
1,419
154
412
-.1
-1
1.1
1,138
1,067
.2
A. 2
*
*
*
-3
.9
32.3
24.5
2.6
5.3
•
11
12
13
14
15
3*1
.2
-.2
2*5
4.4
.4
1.0
2.4
16
17
18
19
57.9
59.4
.1
-2.3
*1
-6
20
21
22
23
24
25
*
6.0
1-1
1.2*
28*6
22*1
1.5
4.8
.1
.2
-*3
-1
.2
*
2
3
4
5
* 26
AUG0ST 24, 1981
Monbank Finance Sunaary
Nonbank Finance Summary
21
Private Nonbank Fxnancial Institutxons
SEASONALLY ADJUSTED ANNUAL HATES
SEASONALLY ADJOSTED ANNUAL BATES
'
1976
1977
1978
1979
1980
|
|
1980
I
II
III
If
|
J
1981
I
II
Private Monbank Financial Institutions - Total
1
2
5,8
3.6
10.7
2.2
12.7
2.2
13.0
3.0
10.0
3.9
11.9
3.6
9.1
3.9
9,6
3.2
9.3
4.9
6.4
6.8
3
4
5
6
7
154.8
1.0
-2.3
1.6
193.6
1.0
3.9
3.0
•
•
203.5
2.4
8.4
2.7
.5
211.6
3.1
4.1
4.6
4.6
224.2
4.7
13.1
3.2
1.7
229.5
5.8
3.2
-.5
4.8
231,4
7.1
10.4
8.8
3.0
212,9
1.3
25.7
-2.7
6.4
223.2
4.7
13,3
7,1
-7.6
311.7
-7,5
30.2
-3,2
15.9
249.1 Net acq. of financial assets
3-7
Deaand deposits and currency
3.8
line and savings deposits
8.1
Security HP's
13.7
Foreign deposits
8
9
10
11
12
13
14
15
12.5
131.8
25.0
9.3
29.2
47.8
10.5
10.0
7.3
173.3
22.1
13.5
36.2
69.5
16.1
15.8
4.5
173.6
18.2
15.2
33.0
69.2
19.0
19.0
10.6
171.3
21.2
10.9
21.6
61.5
21.7
34.5
17.7
169.7
47.7
10.2
29.2
43.9
10.0
28.9
6.6
199.0
51.3
8.7
32.0
51.7
17.9
37.5
14.5
176.9
51.6
15,8
42.4
17.6
-3.0
52.5
24.3
147.3
50.9
(10.5
29.1
49.0
9,4
-1.5
25.5
155.7
36,9
5.7
13,3
57.3
15,6
27.0
29.1
255,2
99.3
7.8
10.7
48,5
24.6
64,3
21.3
175.6
21.8
10,8
23,2
32.0
21.9
65.9
16
17
18
4.6
1.2
4.4
1.0
J.3
2.8
1.8
1.5
8.3
-1.1
1.9
12.4
5.1
1.8
7.3
1,6
1.8
7.2
3.0
1.7
6.1
3.5
J.7
5.3
12.0
1.8
10.6
-9,7
1.9
-,3
9,1
1.9
11.8
19
20
21
22
23
24
149.8
69.2
484.2
69.9
.2
1.9
59.5
2.0
192.8
59.1
6.9
2.1
66.6
.7
200.7
45.6
34.4
.5
58.7
1.2
217.3
55.3
29.2
2.1
80.2
5.8
222.2
27.4
61.3
.1
78.5
1.8
224.5
56.6
62.5
.2
85.6
11.8
205.5
65.9
5.1
.4
85.5
8.4
216,9
71.4
-11.9
7.5
71.3
1.2
314,3
36.3
148.4
-1.0
75.2
8.7
25
26
27
28
29
30
31
2.4
3.0
1.7
.4
-3.7
3.0
-2.0
24.3
8.9
3.1
26.9
5.7
-1.2
-.3
8.4
4.3
31.0
6.8
.8
.1
2.8
7.9
12.5
-.4
13.6
9.2
10.4
5,6
-.8
-.1
-.5
-.9
7.1
22.1
3.2
-4.4
*
11.1
-4.6
16.8
-18.5
13.4
-7.2
*
-11.1
-6.0
-7.5
23.2
3,1
4.6
-.1
1.8
8,3
5.5
94.9
2.8
3-8
-.4
-3.7
-1.4
13.8
18,6
-6.5
-2,6
-,3
2,4
17.1
8.5
49.6
1,2
-1,7
*
.7
21.9
27.5
Credit aarket instruments
Corporate bonds
Mortgage loans in process
Other nortgages
Bank loans aue.c.
Open-aarket paper
Fed, hoae loan bank loans
25
26
27
28
29
30
31
32
33
34
7.9
.5
24.0
.9
.7
24.8
-2
1.4
24.7
-.2
2.3
31.4
4.9
3.1
26.2
-2.5
2.9
30.6
-2.1
3,0
25.3
5.3
3.3
8.4
19.0
3.1
40.4
.4
3,4
24.2
5.6
3.2
35.5
Security credit
Profit taxes payable
Biscellaneous liabilities
32
33
34
1.0
-1.7
-,9
-1.9
2.1
*
-.1
47.7
-1.8
*
*
4.2 Current surplus
5,1 Physical investaent
1
2
3
4
5
6
7
Corporate equities
Credit aarket instruments
U.S. Government securities
State • local obligations
Corporate * foreign bonds
Mortgages
Consuaer credit
Other loans
8
9
10
11
12
13
14
15
Security credit
Trade credit
Miscellaneous assets
1J6
17
18
254,9 Net increase in liabilities
-.5
line and savings deposits
59,9
Honey aarket fund shares
15.5
Security RP«s (s*l)
76.0
Insurance + pension reserves
10,1
Corporate equity issues <1)
19
20
21
22
23
24
4.9 Discrepancy
35
(1) Includes autual fund shares.
Savings Institutions Coabined
1
1
2.9
3.7
4.5
3.9
2-1
3.6
,9
1.7
2.3
1.3
2
3
4
5
73.8
.2
-1.5
1.6
88.1
1.1
2.9
82.2
.3
.2
2.6
64.7
.5
-2.0
2.6
66.3
2,7
2.7
-.1
48.7
4.3
-1.7
-1.4
39.5
2.4
4.6
4.4
78.1
1.2
4.0
.6
98.8
2.9
3.8
-3.8
40.6
-1.7
3.0
-.6
39.8 Net acg, of financial assets
Deaand deposits and currency
-2.2
line deposits
-.6
Security HP's
-2.1
6
7
8
9
10
.1
70.5
10,6
.6
2.8
.4
82.0
7.5
.4
1.2
,1
73.5
6.1
.6
.1
-,1
55.9
1.6
-.5
-1.1
-.5
57.6
24,8
-.5
.7
-1.3
44.9
8.8
-.6
.2
-.1
26.9
33.3
-.4
2.1
r-1
71.2
25.5
.3
2.1
-.6
87.4
31.5
-1.3
-1.5
-,5
44.4
4.0
.1
-.2
-.6
41.6
11.7
-1
-1.2
11
12
13
14
15
49.3
40.5
3.3
5,6
64.9
54.7
5.2
5.0
59.2
50.6
4.8
3.9
47.3
41.4
2.2
3.8
29.0
25.7
1.3
2.0
31.0
27.3
1.2
2.4
1.1
-.4
.5
1.0
38.2
35.4
1.7
1.1
45.9
40.5
1.9
3.6
34,4
30.7
1.2
2.4
21-1
16.2
2-2
2.7
-
-
-
-
-
16
17
18
19
6.6
.3
.3
3.0
8.1
.3
-.3
1.7
7.3
.5
-.3
5.6
3.6
2,4
2.6
7.8
-.9
1,3
3.2
3.9
.8
.9
3.7
4-0
-11.4
1.2
1.0
1.3
2,1
1.5
1.6
1.2
4.8
1.5
6.5
9.1
6.9
1.3
-2.1
-4.0
6.6
1.9
1,4
3.6
20
21
22
23
24
25
70.6
69.2
-.1
.1
.2
1.2
83.5
69.9
1.9
9.9
.3
1.5
76.9
59.1
2.1
14.3
.4
.9
60.1
45,6
.5
11.4
,5
2.1
65.4
5543
2.1
6.9
.6
.4
46,2
27.4
,1
14.3
.6
3.8
40.4
56.6
.2
-17.0
.6
-.1
77.9
65.9
.4
15.2
.6
-4.3
97,0
71.4
7.5
15.2
.7
2.3
44.5
36.3
-1.0
7,0
.7
1.5
*
*
*
*
*
*
*
-.9 Current surplus
Corporate equities
Credit aarket instruments
U.S. Govt, securities
State • local obligations
Corporate bonds
Mortgages
Hoae aortgages
flulti«faaily
Commercial
Far a
11/81 BASED ON INCOMPLETE INFORMATION.
6
7
8
9
10
11
12
13
14
15
Consuaer install, credit
Consuaer noninstall,credit
Open-aarket paper
Miscellaneous assets
16
17
18
J9
44.5 Net increase in liabilities
Deposits
-.5
Security B P ^
15.5
2 7 . fl
Cr, akt. instr. (svgs.+loan)
Profit taxes payable
.7
Miscellaneous liabilities
1.7
20
21
22
23
24
25
3,9 Discrepancy
BILLIONS OF DOLLARS.
2
3
4
5
AOGOST 2 4 , 1981
Savings I n s t i t u t i o n s
22
Savings
Sector Statements of Saving and
0MADJOSIID
HEX FLOWS
Institutions
Investment
($ HILL.)
0IADJ0SXED 121 ILOMS
1980
II
1981
IV
III
|
I
II
II
Savings and Loan
1971
($
BlillOMS OF DOLXAUS
1972
1973
1374
HILL.J
1S75
Associations
603
-17
209
356
272
-200
1.3
1.6
2.0
1.5
1.4
1
10,158
3,496
491
5,277
2,414
501
14,923
10,853
760
20,509
10,917
976
7.030
4,340
893
9,491
7,416
1,113
29.8
23.6
*3
37.1
31.8
-,2
28.8
26.5
1.2
23.6
17.6
-9
42.7
29.5
.8
2
3
4
Other a s s e t s
Deaand d e p o s i t s • currencyr
T i n e deposits
F e d . f u n d s • security IP'st
6,171
778
838
262
2,362
126
-238
-62
3,310
944
1,204
-180
8,616
-387
1,029
-720
1,797
146
767
-50
962
-730
1,209
-582
6.0
-.2
1.7
.5
5.5
.3
1.1
.4
1.0
-.2
-.5
1.3
5.2
-7
2.6
12-3
.3
4-5
-1-0
5
6
7
8
9
10
11
O . S . Treasury s e c u r i t i e s
O . S . G o v t , agency s e c u r .
State • l o c a l o b l i g a t i o n s
-956
3,199
41
204
-1,146
3,473
2,000
24
96
3,101
535
1,000
66
-187
-480
-482
1,200
57
-203
493
r--8
2.4
-1.6
2-3
Open-iarltet paper
Miscellaneous
645
1,955
18
127
-209
-.6
3-0
12
13
848
941
-43
1,073
1,474
-1.4
1-2
.3
-.2
2.0
.7
4.1
1.0
.9
1.8
9
10
11
12
13
14 let i n c r e a s e in l i a b i l i t i e s
15
Deposits
16
Security HP's
9,659
8,071
36
5,490
8,605
50
14,955
10,311
100
20,082
13,968
1,875
7,704
8,031
-247
10,579
-1,198
3,868
29.0
27.8
35.5
32.6
.3
804
100
-1,433
-147
2,284
-3,523
232
-1,118
-879
-1,758
4,597
22
1,212
1,566
1,797
5,042
1
540
-301
4,802
-1,127
7,359
40
212
387
6,920
--1
L7
-1,027
-312
212
2*0
.7
-2.7
1.2
.4
169
579
126
232
165
-218
166
-969
197
850
154
396
.1
4.2
.9
.6
1 Current
surplus
2 let a c q . of f i n a n c i a l
3
Mortgages
4
Consuaer credit
5
6
7
8
assets
17
18
19
20
21
Credit aarket i n s t r u a e n t s
C o r p o r a t e bonds
Mortgage loans in process
Bank loans n.e.c.
F e d . hone loan bank l o a n s
22
Profit t a x e s
23
Miscellaneous
payable
*
*
.5
4.9
1.0
.5
•
*
liabilities
104
196
241
-71
946
6,806
5,660
14,101
17,486
6,647
*
.4
888
*
-1.3
.9
26.9
20.2
22.3
16-0
1.5
41.4 14
42.8 15
.1 1J6
6.0
4-8
-1.5
.4
7.2
-1.4
-.4
6.7
- 2 . 3 17
.1 18
1.9 19
- . 3 20
-4.0 21
-1
-.1
.1 22
.7 23
*
.2
.1
27.2
18.3
* 24
24 Discrepancy
25 M e n o : Acg. of credit akt.
9,101
-
k.
.«.*——
* fc.«
HutuaJ . Savings
surplus
2 Met a c g . of financial assets
3
Deaand d e p o s i t s and currencyr
4
Time d e p o s i t s
5
F e d . funds and security BP'ss
6
7
8
9
10
11
Corporate e q u i t i e s
Credit aarket i n s t r u a e n t s
O . S . Treasury s e c u r i t i e s
O . S . Govt, agency s e c u r .
State + local o b l i g a t i o n s
Corporate bonds
12
13
14
15
Mortgages
Consuaer c r e d i t
c o a a e r c i a l paper
M i s c e l l a n e o u s assets
16 Met i n c r e a s e in
17
Deposits
18
Miscellaneous
33.7
37.1
25
inst
1 Current
27.4
liabilities
liabilities
..- - .
..
,..
--
Banks
182
130
130
132
-13
-84
.4
.4
.6
-5
.4
1
1,702
405
-200
447
1,875
200
2,086
1,018
162
-1,172
1,668
-389
293
969
-452
-104
-234
-29
10.4
11.0
.1
.2
.4
6.0
.1
.2
.7
3.8
1,038
2,427
-495
87
321
2
3
4
5
-337
1,248
-41
704
-106
52
-16
485
-193
328
-118
518
-34
2,442
1,233
570
22
515
-149
1,983
409
300
-338
-382
-135
764
238
164
-31
-59
-139
53
162
-112
-29
-300
.5
9.3
.1
.8
.2
3.9
-6
9.5
.2
1.1
.4
4.3
-.5
.1
-2
-.3
-2
3.4
-.4
.2
11.5
.1
.1
-.1
.2
40.7
2.2
6
7
8
1.7
9
2*1
-1.1
.9
208
-197
628
139
-29
23
-44
168
156
174
-228
106
507
136
1,351
244
-94
-6
552
166
-49
17
364
1
3.9
.4
.2
.3
5.5
-1
-.1
.5
5-7
.3
-.1
.2
2-2
.2
-1
.5
1,584
322
1,262
2,040
2,278
-238
2,561
3,159
-598
2,066
1,674
392
-189
-205
16
9.8
9.9
-.1
10.4
10.2
.2
5-3
4.7
.6
3.4
3.1
.3
1,873
. 1,304
569
*
.2
.2
.5
*
*
•
.6 10
3.5 11
M
12
-2 13
.1 14
.6 15
11-0 16
14.2 17
-.1 18
19 Discrepancy
Credit Onions
1 Current
100
85
67
66
.2
.3
.3
.3
-3
3,194
50
-370
-496
759
26
-342
-799
1,412
40
566
604
794
12
-1,085
-132
3.1
.1
3.5
3.2
3.3
-213
663
2,734
71
986
373
.1
.6
-3
-.6
.2
.4
5.8
-.1
.5
201
863
125
-787
1,304
3,910
129
-2,735
4,010
3,311
132
567
1,874
1,259
136
479
202
-108
139
171
1,999
382
143
1,474
2.0
.2
2-9
-5
-2
2.2
3.6
-5
.4
2.7
2.7
.4
.1
2.3
5.4
1.1
.5
3.6
3.3
2.9
3.0
5.5 1
surplus
2 Met a c g . of f i n a n c i a l assets
3
Denana d e p o s i t s and currency
4
liae deposits
5
Savings and loan deposits
6
7
8
9
Credit aarket i n s t r u a e n t s
O . S . Government securities
Hoae aortgages
Consuaer credit
.9
*
•
*
«
*
1.8
10 C r e d i t
union
shares
11/81 BASED ON PRELIMINARY
526
AHD IHCOHPLEIE
2,634
3,109
IMF0BMA1I0H.
671
1,345
728
2.9
AwbU&L I*. 1981
Savings Institutions
Savings Institutions
23
Sector Stateeents of Saving and Investaent
SEASOIALLI ADJUSTED AHMOAL EATES
SEASOHALLI ADJUSTED ANNUAL HATES
1
1980
1980
|
I
II
III
Savings and Loan Associations
|
|
1976
1977
1978
1979
IV
2
3
4
53.7
44.4
1.1
67.3
58.2
64.4
51/*
.3
55.9
43.1
3.7
50.9
27.7
2.7
44.2
28.9
2.5
20.7
.4
2.4
57.2
37.2
2.5
81.3
44.3
3.5
5
6
7
8
8.2
-1.4
1.2
7.7
-.2
.1
2.3
12.5
.1
.4
1.7
9.1
.5
-2.2
2.5
20.5
1.5
2.8
-.7
12.9
2.0
.5
1.0
17.9
1.2
*
-.2
17.5
2.4
7.0
-,7
33.6
.3
3.9
-2.9
-,.6
4.9
-3.5
3.9
-.1
.7
7.3
4-0
8.1
1.5
3.2
-1.0
4.8
-.2
2.4
3.4
7.6
8*0
.il
1.2
-
-4.1
10,4
.2
1.6
,8
1981
I
II
-,.8 Current surplus
33.0
33.5
4.1
38-0 Net acg. of financial assets
20.4 Mortgages
4,9 Consuaer credit
*-4.6
***
-.2
12,8
«4tei
5^8
-2.3
13.5
5,1
.1
.8
8.7
^1,7
5,4
-3
* ! 2j9'
-4,7
3.5
4,9
.2
-.1
2.8
:
-Kt
r
Other assets
5
Deiand deposits • currency 6
liae deposits '
7
Fed; funds * security JtP's 8
0,S. Treasury securities
0,S, Govt, agency secur,
State • local obligations
Open-narket paper
Miscellaneous
2.6
-.3
1.4
.7
4.6
.1
.4
4.6
14
15
16
51*5
50.2
-.1
64.2
50.9
1.9
60.6
44.2
2.1
52.4
39.1
.5
50-2
41.0
2.1
42.0
26.4
.1
21.5
38.5
,2
57.4
42.8
,4
79,9
56.2
7.5
35.5
27.2
-1.0
42.2 let increase in liabilities
-.6 Deposits
15,5 Security HP's
M
18
19
20
21
.1
.1
1.7
.2
-2.0
9.9
1.2
3.1
1.4
4.3
14.3
.7
.8
.3
12.5
11.4
1.4
-(1.2
2.0
9.2
6.9
.4
-.8
.2
7,1
14.3
.4
-4.4
1.5
16.8
-17.0
.9
-7.2
-3.2
-7.5
15.2
.1
4.6
5.1
5,5
15.2
*
3.8
-2.4
13.8
7.0
-<
^2-6
'1.1
8.5
27.1
-2
-1.7
1.2
27,5
22
23
.2
1.1
.3
1.1
.4
-.4
.5
.9
.6
--4
.6
.6
.6
.7
.7
.7
.6
-.8
-1.7
.4
"1,6
-.5
.2
.7
1.0
*
3.6
37.4
19,7
47.8
71.3
3d. 6
.5
-,1
10.5
1,0
4.7
9,8
-1-3
.3
1,3
10.3
2.5
.6
-1,0
t-4
-1.0
U2
;•*£*
9
10
11
12
13
24
25
5.. 2
.7
-.3
-.2
51.0
*
-.7
63.7
-.8
57.6
-.7
47,8
*
2
3
4
9
10
11
12
13
14
15
(16
Credit Market instruments
Corporate bonds
Mortgage loans in process
Bank loans' n,e.c.
Fed, hone loan bank loans
17
18
19
20
21
Profit taxes payable
22
Miscellaneous liabilities
23
.5
3.4 Discrepancy
24
44.1
33,8 Beao: Acg. of credit akt. inst 25
Mutual Savings Banks
.5
2
3
4
5
6
7
8
9
10
11
13.8
12.5
*
-.4
*
.6*
.1
.4
12.8
11.1
1.1
2.9
.S
2.8
.1
2.6
.4
1.2
12
13
14
15
4.4
.3
.4
.4
6.5
.5
96
17
18
13-1
13.0
11.5
11.1
.1
*
-3
.4
10.9
.1
.3
.9
.1
8.5
-.9
1.7
.5
.1
-.3 Current surplus
5.2
-.3
-.3
,1
8.1
1.1
.6
1.8
2.3
-.8
-2.5
-.1
5.3
-.5
6,2
1.4
1.9
-.5
.7
-1.3
3.5
-.5
2.1
-.4
.2
-.1
3.6
,4
1.6
-.5
2.1
-.1
9.3
3.4
2.4
.1
2,1
-.6
8,2
2,3
1,5
-1.4
-1.5
-.5
1,5
.7
.1
-,1
-.2
-.6
2.2
2,0
-.2
-,1
-1,2
-1.1
2.2
-.4
-1.1
*
1.5 Net acg. of financial assets
-,2 Deiand deposits and currency
-.9
liae deposits ' > '
.2 Fed, funds and security IP's
2
3
«
5
Corporate eguities
Credit aarket instruments
0.S, Treasury securities
0,S, Govt, agency secur.
State • local obligations
Corporate bonds
£
7
8
9
10
11
7.1
.7
-.7
1.0
3.6
.1
1.9
.5
.8
.1
1.7
.7
1.6
-.8
1.3
.6
.2
.1
-.2
1.3
.5
,7
*
.4
1.1
,5
5.7
,4
.4
*
^:7
,7
.2
.1
1.*
,8
Mortgages
Consuaer credit
coaaerciafl paper
Miscellaneous assets
12
13
14
15
10.0
4.6
3.4
1.2
8.3
7.4
,8
2.0
-1.2
3^2
11.0
10,2
.7
9.8
12.4
-2.6
10.2
8.3
1.9
3.1
3.1
;' *
2,4 Net increase in liabilities
, 2 Deposits
2.1 Miscellaneous liabilities
16
17
18
.9
1.0
.5
.5
1-7
7.3
,1
6-3
.2
2.3
8.6
1.4
.5 Discrepancy
19
Credit Onions
6.4
-.1
-.2
.1
8.3
.1
.1
1.0
-,5
.5
6
7
8
9
6.6
.6
.5
5.5
7.2
.5
.3
6.4
7-3
.1
.6
6.7
2.8
,6
2.2
-2.5
10
6.0
7.8
6.4
3.2
6.9
BILLIONS OF DOLLARS.
6.9
.1
*
3.5
7.3
.1
.1
-.3
2
3
4
5
> .2
•
*
7.4
9.3
.5
2.7
-
-.9
-.5
4.0
3.5
.5
.1
11/81 BASED ON INCOMPLETE INFORMATION.
8,3
.3
3.9
,6
3-5
15.6
.5
-12.6
11.1
.2
-1.5
-1,8
14.1
13.2
.5
.4
-1.4
.7
7.9
5.0
.5
2.3
-,*
4,3
-.4
,6
4.1
.3 Current surplus
1
.22 Net acg. of financial assets
-4.3
-1.1
De'aand deposits and currency
line deposits
Savings and loan deposits
2
3
4
5
5.6
1.5
,6
3.5
Credit aarket instruaents
U.S. Government securities
Hoae aortgages
Consuaer credit
6
7
8
9
*
.1 Credit union shares
10
AUGUST 2 4 , 1981
Insurance and Pension
24
I n s u r a n c e and .Pension
Funds
Sector Stateaents of Saving and
UNADJUSTED
MET PLOWS
UNADJUSTED DEI FLOWS
($ HILL.)
1980
II
III
I¥
|
|
II
Life Insurance
1 Current surplus
2 Physical investment
3 Net a c g . of financial assets
Deaand deposits and currency
4
5
6
7
8
9
10
11
12
13
14
15
Corporate equities
Credit market i n s t r u a e n t s
O.S.
Governaent securities
Ireasury issues
Agency i s s u e s
State • local obligations
Corporate bonds
Hortgages
Open-Barket paper
Policy l o a n s
Hiscellaneous assets
16 Net i n c r e a s e in l i a b i l i t i e s
Life insurance reserves
17
18
Pension fund reserves
Profit t a x e s payable
19
20
Hiscellaneous liabilities
1,464
1,263
1.5
1.2
1,7
1.1
2-3
1.2
3.1
1.6
2.5
2.3
1
2
8,767
1,115
10,580
-1,486
9,624
12.7
14.4
16.9
16.6
.2
.1
-.1
20.4
-.1
3
4
1.9
16.9
1.7
1.4
5
6
7
8
.4
9
1,440
979
792
10,438
-1,245
8,750
10,266
697
-27
428
-270
7,427
445
623
652
500
8,947
6,119
1,341
10,496
1,712
8,122
1,206
500
841
969
743
1,213
128
235
-2
501
1,819
2,622
2,782
1,106
3,068
-836
1,205
2,490
2,005
2,471
1,820
2,704
1,842
910
918
926
34
4,709
3,687
-655
2,070
87
218
-131
-124
1,104
2,984
894
767
203
564
76
896
9,633
2,926
5,717
8,244
2,852
4,607
8,206
2,823
4,630
8,768
2,837
5,038
10,489
2,839
6,644
9,363
3,002
5,272
457
533
71
714
390
363
277
616
506
500
137
952
-76
-1,412
1,269
Private Pension
9
10
11
.1
*
.i
*
*
-.1
.2
.1
5.5
1.1
.6
1.0
.9
7.0
1.5
.2
.9
1.0
5-9
4.4
12.8
13.8
15.5
15.6
6.3
4.6
-.1
2.0
6.7
4.4
7.4
5.5
6.6
6.4
2.6*
2-5*
2.6*
2.2*
.9
-3
4.0
4.91
1.1
2.7
1.4
.8 10
5*1 11
2.9 12
.7 13
1.6 14
1.7 15
19.8
8.5
8.1
-*1
3.3
16
17
18
19
20
3
2
3
Funds
M,915
23
476
3,490
23
-1,930
3,922
23
-800
7.1
.2
-.4
6.7
.3
8.3
-.2
.8
10.7
2.7
.1
-1.3
Corporate equities
Credit aarket i.nstruneats
O.S.
Governaent securities
Ireasury i s s u e s
Agency i s s u e s
514
3,818
2,261
1,800
461
2,648
2,812
892
792
100
3,757
2,557
1,675
1,275
400
2,694
1,622
1,015
815
200
3,505
1,792
1,670
1,170
500
2,500
2,099
1,902
877
1,025
8.9
-1.6
-.3
7.3
-1.0
1.0
.9
.1
5.3
2.3
.7
.2
•6
2.3
5.6
1.1
-.2
1.3
5.6
7.0
5.2
4.5
.7
4
5
6
7
8
Corporate bonds
Mortgages
H i s c e l l a n e o u s assets
1,389
168
100
1,739
181
100
757
125
100
468
119
100
145
-23
100
235
-38
100
-.8
-.5
-1.0
-.9
.2
1.9
-.4
.1
4.5
1.8
9
*
-.3
*
.
__-,——«-*.,..
—... .-_..———
Eaployee fietireaent
*
5,353
28
5,353
339
5,382
804
6,436
309
6.6
.1
8.5
.3
Corporate e g u i t i e s
Credit aarket i n s t r u a e n t s
O.S.
Governaent securities
Ireasury issues
Agency i s s u e s
896
5,992
2,074
1,453
621
879
7,816
3,225
1,423
1,802
1,303
4,022
2,486
2,417
69
2,254
2,760
1,659
928
731
1,208
3,370
2,323
1,505
818
995
5,132
3,717
2,068
1,649
3.2
-1.2
-1.2
.1
3.7
4.6
.3
-.3 '
.6
191
3,277
450
-76
4,426
241
-104
1,338
302
136
652
311
-162
964
245
325
103
.1
987
3.9
.4
-.1
4.2
.2
9.5
.4
9.7
.5
3.4
5.7
.}
-3.1
II.2
2.6
6.7
-3
-.9
1.2
-.3
5.2
.7
-.7
6.5
.6
1,044
971
950
765
745
601
1.5
1.8
1.2
4,973
16
5,537
54
5,252
22
5,366
47
4,460
25
6.6
.1
7.9
6.4
Corporate e g u i t i e s
Credit aarket i n s t r u a e n t s
U.S.
Governaent securities
Ireasury i s s u e s
Agency i s s u e s
518
3,751
724
680
44
1,233
3,288
-580
-685
105
567
4,481
1,350
1,233
117
776
3,998
1,866
1,355
513
527
4,317
2,606
2,152
454
425
3,523
2,076
1,306
770
2.5
3.8
-1
-.2
.3
3.0
3.7
.1
-.3
.4
State • local o b l i g a t i o n s
Corporate bonds
Coaaercial aortgages
Trade credit
2,639
263
125
451
1,889
1,930
49
436
2,044
1,041
46
435
1,671
326
133
456
1,234
433
44
475
1,050
347
50
487
3.5
.3
4.3
-.7
17 Discrepancy
11/81 BASED ON PRELIHINABY
*
.3
* *
*
4,136
226
107
3,803
4,128
225
54
3,849
4,227
225
104
3,698
4,265
224
91
3,950
4,362
225
124
4,013
4,384
225
71
4,088
4.1
.6
-.1
3.6
1.2
5.4
.5
-1
4w8
151
126
-360
-222
-259
525
-1.1
-.6
AND INCOMPLETE
INFORMATION.
11*3
--4
1
2
2-4.
3
4
5
6
7
9.3
1.6
1.0
.7
1.0 8
6.8 9
-.2 W
Coapanies
5,029
309
13 Net i n c r e a s e in l i a b i l i t i e s
C o r p o r a t e eguity i s s u e s
14
Profit t a x e s p a y a b l e
15
Policy payables
16
.2 11
......—.
assets
currency
1 Current s u r p l u s
2 Net a c g . of financial
3
Deaand d e p o s i t s and
* to
Funds
8,730
35
State • local o b l i g a t i o n s
Corporate bonds
Mortgages
*
.1
7,049
161
3.3
*
,
assets
currency
Other Insurance
9
10
11
12
12.9
-.2
-.4
.1
8,886
23
2,449
1 Net a c g . of financial
2
Deaand deposits and
4
5
6
7
8
2.3
12.3
.1
4,879
23
-704
State and Local Governaent
8
9
10
3.6
a.7
3,642
23
-813
.__
3
4
5
6
7
3.5
assets
currency
1 Net acg. of financial
Deaand deposits and
2
line d e p o s i t s
3
4
5
6
7
8
3.6
8.2
-.1
--2
.1
600
892
21 Discrepancy
*
-7
829
901
2,482
Coapanies
1,468
1,706
1,409
904
518
29
489
MILL.J
1,426
1,217
1,373
10,363
(S
BILLIONS OF DOLLAfiS
1972
1973
1974
1961
I
Funds
Investaent
•
2.4
3.4
*
-.1
*
*
-.7
1
4.7
.1
7.3
.1
2
3
-.5
4.6
.4
-.7
7.3
2.5
1.9
.6
4
5
6
7
8
•
.4
.6
.5
2.6 9
2.2 10
.1 11
.6 12
5.3
.5
5.8
.9
7.2 13
1.0 14
3.6
-.1
*
•
2.2
2.0
*
*
* 15
4.8
4.9
6.2
.1
1-1
-.9 17
16
AUGUST 2 4 , 1981
Insurance and Pension
Funds
Insurance and Pension
Sector Statements of Saving and
SEASONALLY
1976
ADJUSTED
1977
ANNUAL
BATES
1978
SEASONALLY
1979
1980
i
I
Life I n s u r a n c e
1980
I
II
III
IV
|
|
I
3.7
1.9
4.3
2.2
4-7
3.0
5.6
3.9
5.5
3.6
5.6
3.9
5.8
3.2
5.7
4.9
5.9
6.8
3
4
28.2
31.2
35.7
37.8
38.2
41.4
35.4
37.9
38.3
.1
.1
.2
.3
.5
-.5
1.6
41.8
-1.0
16
17
18
19
20
3.0
1.2
-.1
.6
1.2
1.7
23.7
27.5
33.1
33.4
32-9
36.6
-1.1
31.3
1.5
.6
.9
1.6
-.1
1.7
2.0
-.5
2.5
2.9
.1
2.8
2.7
1.0
1.8
1.6
-.3
2-0
.5
1.0
-.5
1.1
.5
.4
.4
16.9
18.8
17.3
.3
8.7
2.4
.4
1.4
1.5
5.2
-.3
1.7
2.5
9.4
1.5
2.6
2.4
27.6
15.3
31.1
11.3
14.9
.1
3.9
.4
4.6
8.2
*
*
,-9
.2
11-8
34.9
11.4
20.0
38.5
11.7
22.9
33.0
11.4
18,4
32.8
11.3
18.5
35.1
11.3
20.2
42.0
11.4
26-6
1.2
2-2
1.1
2.8
1.1
2.0
1.2
1.8
1.3
2.3
1.3
2.7
.9
4.4
10
11
12
13
14
15
.4
5-5
6.1
3.3
3.6
.6
4.5
State • local obligations
Corporate bonds
Mortgages
Open-market paper
Policy loans
Miscellaneous assets
4-8
-.1
4.9
2.9
9.9
3.6
33.8
12-3
16.2
5
6
7
8
9
2.0
34-2
6.3
3-4
3-0
8.3
3.6
35.1
11.7
18-3
Corporate eguities
Credit market instruments
U.S. Government securities
Treasury issues
Agency issues
2.6
36.5
5.9
2.5
3.4
.4
6.7
8,7
5.4
4.8
3.6
2.2
6.6
3-6
3
4
2.5
.2
8.1
1-6
4.7
3.5
Net acq. of financial assets
Demand deposits and currency
31.9
11.1
15.2
16.7
-5.7
38-7
-1.2
1.8
2,-3
10.0
6.9
7-3
3.7
1
2
5.9 Current surplus
5.1 Physical investment
2.8
-6
5.0
12.4
II
31.6
13-0
11.6
12.6
BATES
Companies
2.8
2.0
10
11
12
13
14
1b
ADJUSTED ANNUAL
1981
1
2
5
6
7
8
9
Funds
Investment
2.6
a. 4
1.6
5.1
3.7
37.5 Net increase in liabilities
12.0
Life insurance reserves
21.1
Pension fund reserves
1.4
Profit taxes payable
2.9
Miscellaneous liabilities
16
17
18
19
20
.5 Discrepancy
Private Pension Funds
1
2
3
11-2
.1
-.1
17.4
.1
2.5
15.9
.1
5-5
14.0
. 1
-1-4
22.3
.1
1.4
-3.3
20.8
.1
-2-8
34.3
.1
9.8
18.4
.1
1.9
15.8
.1
-7.7
17.11 Net a eg-, of financial assets
Demand deposits ajid currency
.1
Time deposits
-3-2
1
2
3
4
5
6
7
8
7.3
3.6
3.9
3.7
.3
4.5
10.9
5.4
4.8
.6
1.9
8.3
2.1
1.6
.5
6. 1
8.8
2.8
1.9
.8
9.6
10.8
5.8
4.7
1.2
5.6
12.9
6.7
5.3
1.4
10.7
12.4
4.7
5.0
-.3
12.9
11.1
7.6
5.1
2-5
9.2
6.8
4.4
3.4
1.0
18.3
4.7
4.2
Z.8
1.4
10.1
9.7
8.8
5-3
3.5
Corporate eguities
Credit market instruments
U.Sm Government securities
Treasury issues
Agency issues
4
5
6
7
8
9
10
11
-.3
5.4
.1
-.5
5.9
.3
.1
5.7
.3
.4
4.4
.6
.4
5.6
.7
.4
7.0
.8
.4
3.0
.5
.4
.5
.4
.6
-.1
.4
.9
-.1
.4
*
.2
15.8
.1
2.0
9
10
11
Corporate bonds
Mortgages
Miscellaneous assets
State and Local Government Employee Betirement Funds
15.9
.3
20.7
1.0
16.2
1.3
26.5
.6
28.2
.6
34-9
.1
21.4
.1
21.4
1.4
21.5
3.2
25.7 1 et acg. of financial assets
Demand deposits and currency
1.2
3.1
9.8
3.1
1.5
1.6
3.7
11.9
5.5
2.7
2.7
2.6
17.0
7.1
2.7
4.4
4.1
10.8
6.6
5.3
1.4
5.3
20.6
9.4
6.2
3.2
3.6
24.0
8.3
5.8
2.5
3.5
31.3
12.9
5.7
7.2
5.2
16-1
9-9
9-7
.3
9.0
11.0
6.6
3.7
2.9
4.8
13.5
9-3
6-0
3.3
4.0
20.5
14.9
8-3
6.6
Corporate eguities
Credit market instruments
U.S. Government securities
Treasury issues
Agency issues
1.4
5.1
.2
.2
6.0
.3
.4
9.0
.5
3-2
1.0
.1
9.7
1.3
.8
13.1
1.8
-.3
17.7
1.0
-.4
5.4
1.2
.6
2.6
1.-2
-.6
3-9
1.0
.4
3-9
1.3
State • local obligations
Corporate bonds
Mortgages
1
2
12.9
3
4
5
6
7
8
9
10
*
*
3
4
5
6
7
8
9
10
Other Insurance Companies
1
.9
4.3
5.0
5.0
3.7
2
3
14.9
.2
20.2
.3
20.4
.4
18.8
.3
20.8
.4
19.3
1.2
22-5
-1
21.1
.2
20.3
.1
20.4
.2
20.7 Net acg- of financial
.1
Demand deposits and
4
5
6
7
8
.9
12.5
3.1
2.6
-6
1.2
17.5
3.0
2.5
.5
2.0
16.5
1-2
.7
.5
3.2
13.4
1.3
.2
1.1
3.1
15-5
3.4
2.6
.8
2.1
14.2
2.1
1.9
.2
4.9
15.8
.3
-.1
2.3
16.8
4.3
3.8
.5
3.1
15.2
6.7
4.7
2.1
2-1
16.3
9-4
7-6
1.8
1-7
17.0
11-2
8.1
3.1
9
10
11
12
5.4
3.9
.1
1.2
10.7
3.7
.1
1.3
13.5
1-8
1.5
9.9
2.0
.3
-i.9
8.2
3.6
.4
1-8
10.6
1.1
.5
1.8
7.6
7.7
.2
1.7
8.2
4.2
.2
1.7
6.7
1.3
.5
1.8
4.9
1.7
.2
1.9
4.2
1.4
.2
1.9
13
14
15
16
11.3
.9
.1
10.3
14.1
1.4
.1
12.6
15.1
.8
.2
14.1
15.9
.9
.3
14.7
16.8
.9
.4
15.5
16.4
.9
.3
15.2
16.6
.9
.4
15.4
16.9
.9
.4
15.6
17.1
.9
.4
15.8
17.4
.9
.4
16.1
17
-2,-8
-1.8
-.3
2.1
-.3
1.3
-2.0
-.4
-.1
-.1
BILLIONS OF DOLLARS.
*
11/81
BASED ON INCOl
2.4 Current
surplus
assets
currency
Corporate eguities
Credit market instruments
U.S. Government securities
Treasury issues
Agency issues
State • local obligations
Corporate bonds
Commercial mortgages
Trade credit
17.7 Net i n c r e a s e in liabilities
.9
C o r p o r a t e eguity issues
.4
Profit taxes payable
16.4
Policy payables
--6 Discrepancy
4
5
6
7
8
9
10
11
12
13
14
15
16
17
AUGUST 2 4 , 1981
Finance N.E.C.
finance N.E.C.
Sector Statements of Saving and Investaent
UNADJUSTED NET FLOWS (5
HILL.)
UNADJUSTED NEI tLOUS
1980
1 current surplus of group
1
II
III
-135
-297
-574
I1LICNS OF DCLLA£S
972
1973
1974
1981
-1,113
-601
($ Hill.J
1975
1.7
-1.9
-.7
-1.3
3-1
-2
2.9
-1.3
.4
3.7
1
Finance Companies
2,386
35
2,351
-100
1,414
1,037
3,411
34
3,377
499
2,475
403
-1,483
33
-1,516
400
1,449
-3,365
9,797
32
9,765
151
4,240
5,374
2,168
31
2,137
250
1,650
237
10,045
30
10,015
375
4,058
5,582
.3
5.2
1.5
2.3
1.3
9.7
-3
9.5
1.7
3.6
4.2
11.7
.2
11.4
1-9
4.6
5.0
5.1
.2
4.5
-1.9
1.9
4.8
7 Net increase in liabilities
8
Credit market instruments
9
Corporate bonds
10
Bank loans n.e.c.
11
Open-market paper
2,373
27
951
896
•1,820
4,508
2,431
3,674
-270
-973
-976
-19
671
-845
155
8,412
3,311
136
1,236
1,939
1,796
638
-1,259
-1,625
3,522
11,770
8,143
1,004
1,264
5,875
5.2
2.7
2.5
.6
-.5
11.4
6.6
3.6
4.2
-1.3
13.2
9.5
3.0
4.6
2.0
6.6
6.0
1.8
.7
3-6
5-1 7
.5 8
2.7 9
-2.8 10
.6 11
12
13
14
190
2,199
-43
110
-621
2,588
241
59
-1,257
143
2,737
2,221
214
-14
958
20
2,605
1,002
.6
2.0
2.4
2.4
1.4
2.3
.7
-.1
- 12
3-4 13
1.2 14
Net acq. of financial assets
Deaand deposits ana currency
Credit market instruments
Mortgages
Consumer credit
Other loans (to business)
Profit taxes payable
Inv. by parent companies
Other misc. liabilities
Seal Estate Investment Trusts
1 Physical investment
2 Net acq. of financial assets
3
Mortgages
4
Miscellaneous assets
5 Net increase in liabilities
6
Corporate equity issues
7
Credit market instruments
8
Mortgages
9
Corporate bonds
10
Bank loans n.e.c.
11
Open-market paper
12
•387
•151
•236
-405
-79
-326
-436
-352
-84
-450
-137
-313
-50
-85
35
-121
-110
-11
2.5
2.3
.2
5.0
4-2
5.6
5.6
•314
151
•485
-4
•184
184
•113
-330
153
-514
-4
75
-509
-76
-364
183
-577
-13
-73
-435
-56
-576
51
-657
-106
14
-582
17
-153
-264
78
-77
-243
383
15
-377
-205
-204
-10
-89
-107
2
2.9
1.0
1<-9
.1
6-3
1.7
4.6
-5
-4
1.3
2-5
6.5
1.0
5-6
-3
.6
4.0
.7
Miscellaneous liabilities
-3-6
-4.8
1.2
1.4
-.9
1-5
-2
-2
4.4
-3-J
5
6
7
8
9
-6 10
.1 ai
-1.1
-.1
.3
Open-End Investment Companies (Mutual Funds)
1 Current surplus
-692
-1,220
8
-1.4
-.9
-.9
-.1
1
2 Net acq. of financial assets
3
Demand deposits and currency
•449
-74
2,323
100
1,384
70
-129
46
865
56
1,298
-4
1
1
-1.5
-1.1
-.2
.1
-.2
-.4
.1
2
3
4
5
6
7
8
9
•983
608
143
38
-220
647
-624
2,847
913
1,393
1,093
-552
-498
1,812
-653
1,075
566
824
288
-463
-86
-506
-123
252
283
526
798
910
-43
-1,139
-144
1,446
149
656
541
100
4
,4
,3
-1.8
-3
.1
-2.2
1-3
-.4
.7
.4
-.9
.5
*
2
,3
.5
-.3
.1
1.2
.6
-.4
.7
-.2
4
5
6
7
8
9
-76
2,304
1,559
563
2,085
2,200
,9
-.1
-.2
.9
-.3
10
Corporate equities
Credit market instruments
U.S. Government securities
State • local obligations
Corporate bonds
Open-market paper
10 Net share issues
*
*
Money Market Mutual Funds
1 Net acq. of financial assets
2
Demand deposits and currencyr
3
Time deposits
4
Security BP»s
5
Foreign deposits
15,322
-3
2,025
222
1,207
15,632
569
2,151
1,087
740
1,264
-393
2,965
-813
1,601
-2,984
-74
1,893
2,735
-1,888
37,096
-2,173
8,737
-650
3,985
14,964
1,396
1,886
2,557
3,420
6
7
8
9
11,817
4,970
6,847
54
10,555
386
10,169
530
-2,201
1,852
-4,053
105
-5,321
-4,621
-700
-329
27,318
12,635
14,683
-121
4,670
-4,437
9,107
1,035
15,322
15,632
1,264
-2,984
37,096
14,964
Credit market instruments
U . S . Government securities5
Open-market paper
Miscellaneous
10 Net share issues
1.6
.1
.1
.6
-.1
.7 6
.8 7
--1 8
* 9
1.3
10
Security Brokers and Dealers
1 Net acq. of financial assets
2
Demand deposits and currency
•2,747
40
1,213
-1
345
-12
5,924
4
-1,891
3
4
5
6
7
8
•1,689
•1,497
835
-644
•1,688
399
469
-17
-1,326
841
468
762
805
-731
-1,035
-501
805
883
1,216
1,692
155
322
1,215
3,012
-1,204
1,736
3,105
-166
-1,203
-2,423
1,993
-833
-3,105
219
1,993
2,287
.1
•1.4
1.6
.1
.1
2.6
-2
.3
-2
-.1
.2
3.7
•2,795
2,837
•3,591
754
1,159
1,119
32
1,087
887
830
-368
1,198
5,894
5,824
4,738
1,086
-1,930
-1,988
-1,562
-426
3,369
3,309
2,905
404
1.1
1-1
.7
.5
4.1
4.1
3.9
-2
Corporate equities
Credit market instruments
U . S . Government securities
State • local obligations
Corporate bonds
Security credit
9 Net increase in liabilities
10
Security credit
11
From banks
12
Customer credit balances
13
Profit taxes payable
11/81 BASED ON PBBLIMINARI AND INCOMPLETE INFORMATION.
-
3,387
-
1.4
*
4.2
*
-3-6
-.2
-3.0
-.1
3.2
*
1
2
.4
.6
.2
.4
-4.3
-.6
-.8
.2
-.4
-.6
-1.6
,1.2
1.0
-.1
-.1
•1.2
1.0
3
4
5
6
7
8
-3.4
-3.4
-3.2
-.2
-3.0
-2-9
-1.9
-1.0
2.9
2.9
2.2
.6
S
10
11
12
*
AUGUST 2 4 , 1981
Finance H.E.C.
Finance N.. E-C.
27
Sector Statements of Saving and
SEASONALLY
ADJUSTED ANNUAL
Investaent
HATES
SEASONALLY ADJUSTED
1980
1976
1977
1978
1979
1980
II
-1.5
12.1
7
8
9
10
11
12.7
12
13
14
22.6
23.8
27.0
14.1
19.1
6.4
22.7
-1.5
2.3
2.8
1.0
8.6
-1.5
17.1
.6
.1
19.0
-.4
3.6
8.6
.9
1.0
11.3
11.5
15.7
10.1
1.0
9.6
3.4
16.1
13.5
23.5
16.9
23.6
18.1
27.3
16.8
14.3
19.0
7.8
.7
8.4
6.4
3.9
7.8
4.3
9.7
3.5
-1.0
13.5
5.8
5.4
1.0
-.7
10.4
-4.2
12.2
-5,9
-5.7
.2
2.7
2.6
.4
5.5
4.6
.7
4.4
3.5
.6
8.8
-.2
-2.5
10.4
_
-.5
7.1
36.0 Net acg. of financial assets
10.3
.1
14.0
_
17.9
9.2
.6
.2
26.8
6.4
2.1
- 3 . 2 Current s u r p l u s of group
22.5
.2
23.6
3.3
1.6
1.2
3.3
.7
Real Estate Investment
.1
.1
.1
22.4
17.8
35.9
1.0
9.3
12.0
5
6
7
8
9
10
11
-4.1
-3.8
-3.2
-2.4
-1.4
-1.1
-1.0
-.7
-.3
-.8
-.3
.3
-1.0
-2.0
-2.8
-.6
-1.2
-1-7
.2
.4
-.4
.9
-1.6
-.3
-1.9
-2.5
-1.4
-1.3
-2.2
.5
.4
-.2
-.1
.1
-.2
-1.9
-2.4
-1.4
-1.4
-1.7
.1
.1
-.2
-.3
*
*
*
*
3.3
1.4
13.5
21.0
15.8
11.3
-5.5
3
8 . 0 Net i n c r e a s e in liabilities
38.0
Credit aarket instruaents
23.3
1.4
Corporate bonds
Bank loans n.e.c.
-. 1
Open-aarket paper
21.9
-.2
,.8
.2
10.9
-5.0
8.9
.7
-.1
3.8
.3
10.4
4.0
Open-End
-1.5
-.6
-.9
-1.6
-.3
-1.3
-1.7
-1.4
-.3
-1.8
-.5
-1.3
-.2
-.3
.1
-1.3
.6
-1.9
-1.3
.6
-2.1
-.7
-.7
-.5
.3
-2.0
-.3
-1.5
.7
-2.3
-.1
-.3
-1.7
-.2
-2.3
.2
-2.6
-.4
.1
-2.3
.1
-.6
-1,1
.3
-.3
-1.0
1.5
.1
.1
.1
.1
Investaent Companies
*
(Mutual
1
-.1
-.3
-.3
-.2
-1.2
-2.5
.2
-.9
-.8
.1
3.1
.1
-.6
-.3
9.6
.4
5.6
.3
-2.1
.2
4.7
.2
4
5
6
7
8
9
-2.4
-3.7
-1.6
-2.8
-1.8
-.2
.8
-.2
.5
-.7
1.1
1.9
-1.1
3.9
.2
1.6
1.1
1.1
1.4
.8
-.2
4.8
.3
2.0
1.3
1.2
-2.8
2.4
.6
.2
-.9
2.6
-2.1
11.4
3.7
5.6
4.4
-2,-2
-1.9
7.2
-2.6
4.3
2.3
3.3
-.4
-1.9
-.3
-2.0
-.5
1.0
2.4
2.1
3.2
3.6
-.2
-4.6
\0
-2.4
.4
-.5
-.6
4.4
10.3
6.8
.1
8.9
*
.5
.3
*
*
*
Money
2
*
,3
1
*
,1
.3
.1
.1
6.9
34.4
7.5
2.1
4.6
*
.1
9.0
3.2
1.7
3.2
.6
2.6
.5
19.8
14.9
4.2
2.6
15.6
12.3
.4
.4
8.1
.9
4.8
62.5
2.3
8.6
4.3
3.0
5.1
-1.6
11.9
-3.3
6.4
-1(1.-9
-.3
7.6
10.9
-7.6
148.4
-8.7
34.9
-2.6
15.9
47.3
19.9
27.4
.2
42.2
1.5
40.7
2.1
7.4
-16.2
-21.3
-18.5
-2.8
-1.3
109.3
50.5
58.7
-.5
61.3
62.5
-11.9
148.4
Security Brokers and
9
10
11
12
.9
.1
.3
.1
.2
.5
.5
3.1
2.4
.3
.5
4.6
.2
-.4
-.7
.2
.2
1.0
-.3
-1.3
-.8
-.2
-.3
1.8
-.6
1.5
1.9
.2
-.6
-1.1
8.0
7.9
6.5
1.5
.9
1.9
-1.0
.2
.2
-2.4
2.6
-.1
-.2
-.8
.6
5.1
4.9
.1
.2
.1
BILLIONS OF DOLLABS.
11/81
-.6
-1.4
4.1
BASED ON INCOHPLEIE
Physical investaent
1
-.5 Net acg. of financial assets
-.4
Mortgages
*
M i s c e l l a n e o u s assets
- 1 . 5 Net i n c r e a s e in liabilities
-.8
Corporate eguity i s s u e s
-.8
Credit aarket instruaents
*
Mortgages
-.4
corporate bonds
-.4
Bank loans n . e . c .
*
Open-aarket paper
.. 1
Miscellaneous liabilities
2
3
4
5
6
7
8
9
10
11
12
-4.4 Current
surplus
5.6 Net acg. of financial
*
Deaand deposits and
-.1
5.8
-6
2.6
2.2
.4
assets
currency
Corporate eguities
Credit aarket instruaents
U . S . Governaent securities
State * local obligations
Corporate bonds
Open-aarket paper
10.0 Net share
issues
59.9 Net acg. of financial assets
5.6
Deaand deposits and currency
7.5
Tine deposits
10.2
Security BP*s
13.7
Foreign deposits
18.7
-17.7
36.4
4.1
Credit aarket instruaents
U . S . Governaent securities
open-aarket paper
Miscellaneous
59.9 Net share issues
1
2
3
4
5
6
7
8
9
10
Dealers
6.0 Net acg. of financial assets
Deaand deposits and currency
-2.1
.2
8.4
.2
12
13
14
Funds
29.2
2.7
.1
.5
*
-4.2
Market Mutual
7
8
9
10
11
Funds)
2
3
.1
Profit taxes payable
Inv. by parent conpanies
Other a i s c . liabilities
1
2
3
4
5
6
Trusts
*
-.1
-.2
Deaand deposits and currency
Credit aarket instruaents
Mortgages
Consumer credit
Other loans (to business)
16.4
-2.0
2
3
4
BATES
II
-3*8
5.5
.1
5.4
-.7
5.8
.3
.2
22.4
-2.1
I
9.4
.1
9.2
1.9
7.1
.2
.2
4.3
3.1
ANNUAL
1981
Companies
11.9
1.2
7.7
IV
-1.4
Finance
1
2
3
4
5
6
III
|
J
-2.3
-1.5
3.3
-2.6
-2.3
1.6
-1.4
-5.3
3.4
-1.4
3.0
4.2
-2.0
-4.1
-2.0
4.2
3.5
2.7
4.6
.6
1.3
2.7
12.0
-.6
11.1
12-4
-.7
-.6
-9.7
-2.3
-2.5
-5.5
3.0
-1.9
-2.1
-6.5
4.3
5.5
5.3
.5
4.8
19.3
19.0
14.7
4.3
.7
.4
2.1
-1.7
-3.3
4.2
-7.4
-12.4
.9
4.2
9.1
5.9 Net i n c r e a s e in liabilities
5.6
Security credit
4.0
From b a n k s
1.6
custoner credit balances
.3
INFOBMAIION.
Corporate eguities
Credit aarket instruments
U . S . Governaent securities
State • local obligations
Corporate bonds
Security credit
Profit t a x e s payable
1
2
3
4
5
6
7
8
9
10
11
12
13
AUGUST 2 4 , 1981
Monetary and Insurance Reserves
Monetary and Insurance fieserves
28
Foreign Exchange, Ireasury Currency, Insurance Reserves, and Interbank Claias
UNADJUSTED NET FLOWS ($ HILL.;
UNADJUSTED NET FI08S ($ MILL.)
1980
II
1981
IV
III
J
I
II
1971
BILLIONS OF DCLLAfiS
1972
1973
1974
Gold and Official Foreign Exchange Holdings (1)
1 Total U.S. reserves
2 U.S. gold stock and SDfi's
3
U.S. Govt.: Ex. Stab. Fund
4
Monetary authority (2)
5 U.S. foreign exchange position
6
Official fgn.currency hldgs.
7
Treasury
8
Monetary authority
9
10
11
Net IMF position
U.S. Governaent asset
Monetary authority
1,636
-7
-7
-110
-110
1,101
3,926
2,800
258
262
-4
-1,,284
-1,,276
-8
335
341
-6
20
20
-
•1.3
-.7
-.6
-.6
*
-.5
-
-
1,643
1,609
1,758
-149
286
188
183
5
843
550
644
-94
5,,210
3(,980
1,,121
2 ,859
2,465
1,761
-195
1,956
-369
-1,144
-514
-630
1.7
-.4
-.1
-.2
-.2
34
35
-1
98
101
-3
293
301
-8
1,,230
1(,249
-19
704
690
14
775
774
1
•1-4
•1-3
-.2
--2
*
*
-.2
-2
*
*
*
-.2
-.2
*
-.2
*
*
*
.2
.1
.1
*
.1
-.1
2
3
4
1.3
.5
.1
*
.1
5
6
7
8
*
*
*
1.3
1.3
*
.5 9
.4 10
.1 11
(1) Lines 1, 2, and 3 exclude increases in SDfi's through allocations, which
occurred at various dates beginning January 1970. Transactions in SDB's
are included.
Also excluded from the table are revaluations of foreign
currency holdings, gold, SDB's, and IMF position. Allocations and
revaluations are reflected in tables on outstandings.
{2) Treasury gold stock.
Ireasury Currency and S.D.fi. Certificates
1 Total U.S. Govt, liability
2
Monetary authority asset
3
Unallocated assets
1,384
1,437
-53
190
221
-31
326
390
-64
-618
-575
-43
410
464
-54
349
-172
521
,.5
-7
-.2
.4
-5
-.1
.9
1-0
*
8-7
.1
8.5
1
2
3
Insurance and Pension Fund fieserves
Life insurance reserves:
1 Net change in liabilities
2
U.S. Governaent
3
Life insurance coapanies
2,953
27
2,926
2,851
-1
2,852
2,821
-2
2,823
2,859
22
2,837
2,887
48
2,839
3,072
70
3,002
4 Net change in assets (hh)
2,953
2,851
2,821
2,859
2,887
3,032
5 Net change in liabilities
6
U.S. Governaent
7
Insurance sector
8
Life insurance coapanies
9
Private pension funds
10
St.+loc. govt. rtr. funds
14,330
-2,078
16,408
5,717
3,642
7,049
19,385
1,169
18,216
4,607
4,879
8,730
28,308
9,439
18,869
4,630
8,886
5,353
15,523
217
15,306
5,038
4,915
5,353
12,798
-2,718
15,516
6,644
3,490
5,382
16,809
1,179
15,630
5,272
3,922
6,436
11 Net change in assets (hh)
14,330
19,385
28,308
15,523
12,798
16,809
6.3
.1
6.3
6.9
-2
6.7
7.6
.2
7.4
6.7
.1
6.6
21-1
2.8
18-3
4.6
7.1
6.6
22-6
3.0
19.6
4.4
6.7
8.5
25.4
2.1
23.2
5.5
8-3
9-5
29-6
2.7
26.8
6.4
10.7
9.7
-.1
-.3
-1.2
1.0
Pension fund reserves:
34-9 5
3.7 6
31.2 7
8-1 8
1J.8 9
11.3 10
Net Interbank Claias
1 Net change in liabilities
2
Monetary authority
3
Meaner bank reserves
4
Vault cash
5
6
7
8
9
10
11
Ooaaercial banking
To aonetary authority
To foreign banks, net
Liabilities, net
U.S.-chartered banks
Due fgn. affiliates
Less: Due froa aff.
6,348 -21,380 -11,596
2,038 -4,188
-677
1,342 -5,466
2,478
1,278
696
-3,155
-4,161
1,810
-690
2,500
-8,160
-3,811
-1,292
-2,519
710
-1,439
-2,538
1,099
-1-3
4.1
3.6
.5
-4.8
-1.0
-2.1
1-1
-.2
3.5
1.4
2.0
-11-2
-8
-2
-6
1
2
3
4
7,025
-2,037
8,397
7,135
7,018
3,299
-3,719
-23,418
-1,802
-20,725
-17,233
-14,234
-6,659
7,575
-7,408
-208
-5,180
-4,721
-9,431
120
9,551
-5,971
2,102
-6,964
-4,241
-3,576
-2,483
1,093
-4,349
-2,359
-2,983
-4,009
-1,043
1,279
2,322
2,149
-401
597
4,163
3,899
4,275
376
-5-9
-.2
-4.6
-4.4
-4.9
-4.9
-.1
-3-8
1-6
-.7
-.5
-.5
--2
.3
-3.7
-1.6
-2-7
-2-4
--9
-.2
.6
-.2
.6
-1.6
2-6
4-2
-12.0 5
1.6 6
-9-9 7
-8-0 8
-7.1 9
-.8 10
6.3 11
-2
-2- 3
12
13
14
Fgn. bkg. off. in U.S.
Due fgn. affiliates
Less:
Due froa aff.
117
2,406
2,28S
-2,999
749
3,748
4,710
5,394
684
-665
4,907
5,572
-2,966
-4,869
-1,903
264
3,962
3,698
.5
.7
.2
.1
-5
.-4
-1.5
-.3
1-2
2-2
4.5
2.3
-.9 12
.9 13
1.7 14
15
16
17
Less: Dep. at fgn. banks
U.S.-chartered banks
Fgn. bkg. off. in U.S.
-1,262
41
•1,303
3,492
996
2,496
459
732
-273
2,723
1,634
1,089
-1,026
800
-1,826
3,566
4,101
-535
.2
.2
.3
.2
•
-3
-3
-9
.6
.2
1.9 15
1.3 16
.6 17
665
•1,389
5,687
572
4,450
665
7,076
-891
-6,783
-3,107
698
-2,914
-891
3,676
-2,020
1,870
1,635
728
2,927
-2,020
-235
-1,109
-6,145
8,408
659
8,858
-1,109
14,553
993
1,933
10,425
610
8,822
993
8,492
1,953
5,572
3,794
578
1,263
1,953
-1,778
-1.0
-1.5
.5
.3
1.2
-1.0
2.0
-4.6
-6-2
-3.4
.6
.6
-4.. 6
2.7
.6
-3.3
4.9
.1
4.2
.6
8.3
2-5
3-2
10.4
3.3
4.6
2.5
7-2
18
19
20
21
22
23
24
To U.S. banking, net
U.S.-chartered banks
Liabilities
To doa. affiliates
To fgn. offices
Unallocated
Less:Due froa fgn off.
*
*
-3-8
-4-2
-4.2
-2.0
1.5
-3.8
-.11
18
19
20
21
22
23
24
-572
-698
-728
-659
-610
-578
-.3
-.6
-.1
-3,3
2.0 25
2,626
7,076
4,450
6,590
3,676
-2,914
-3,162
-235
2,927
5,695
14,553
8,858
-330
8,492
8,822
-3,041
-1,778
1,263
.7
2.0
1.2
2.2
2.7
.6
4.0
8.3
4.2
2-6
7-2
4-6
-1.6 26
-.A 27
1.5 28
29 Net change in assets
30
Foreign
31
Doaestic
32
Monetary authority
33
Federal Beserve float
34
Loans to aeaber banks
5,683 -20,489
8,397 -20,725
•2,714
236
•2,037 -1,802
•3,085
485
1,048 -2,287
-9,576
-5,180
-4,396
-208
-975
767
-3,052
-6,964
3,912
2,102
1,275
827
-9,153
-2,983
-6,170
-2,359
-1,206
-1,153
-1,243
597
-1,840
-401
-755
354
-.7
-4.6
3.9
-.2
-1
-.3
-.2
--7
.6
1.6
-.4
1.9
-.8
-2./7
1.9
-1.6
-.9
--7
-2.6
-.2
-2.3
-2.1
-1.1
-1.0
35
36
37
-677
2,478
•3,155
2,038
1,342
696
-4,188
-5,466
1,278
1,810
-690
2,500
-3,811
-1,292
-2,519
-1,439
-2,538
1,099
4.1
3-6
.5
-1-0
-2-1
1.1
3-5
1-4
2.0
-~3
-1-2
1-0
-891
-2,020
-1,109
25
Doaestic affiliates
26
27
28
Fgn. bkg. off. in U.S.
Due to U.S. banks
Less:Due froa U.S.bks.
U.S.-chartered banks
Meaber bank reserves
Vault cash
38 Discrepancy:
Floats, etc.
11/81 BASED ON PRELIMINARY AND INCOMPLETE INFORMATION.
1,953
-7.4
-9.9
2.4
1.6
1.7
-.1
29
30
31
32
33
34
.8 35
.2 36
.6 37
AUGUST 2 4 , 198t
Monetary and Insurance Reserves
Monetary and I n s u r a n c e
Foreign
SEASONALLY
ADJUSTED
1976
E x c h a n g e , Treasury C u r r e n c y , Insurance R e s e r v e s , and Interbank
1978
SEASONALLY ADJUSTED ANNUAL
1979
1
J
1980
1980
I
II
III
Gold and O f f i c i a l Foreign Exchange Holdings
2
3
4
.1
.1
5
6
7
8
2.5
.2
.2
.1
9
10
11
*
1.2
2.2
*
Claims
ANNUAL BATES
1977
.2
.1
.1
*
-1.1
-.8
6.8
-1.3
-1.4
-.4
-.3
-.2
-1.1
-1.1
-.4
-.6
.9
8.0
6.3
3.7
2.6
.2
.2
1.7
1.7
.1
-.3
-.2
-.2
.2
4.4
2.8
1.6
.3
.3
-4.2
-4.2
*
*
Reserves
29
-1.4
*
|
|
I?
BATES
1981
I
II
(1)
.7
4.4
15.7
11.2
-.4
-.4
1.0
1.0
-5.1
-5.1
1.3
1.4
.1 U . S . gold stock and SDB's
U.S. Govt.:
Ex. Stab, Fund
.1
Monetary authority (2)
2
3
4
6.6
6,-4
7.0
-.6
1.1
.8
.7
3.4
2.2
2.6
-.4
20.8
15.9
4.5
11-4
9-9
7.0
-.8
7.8
- 1 . 5 U,.s. foreign e x c h a n g e position
Official fgn.currency h l d g s .
-4.6
Treasury
-2.1
Monetary authority
-2.5
5
6
7
8
.1
.1
.4
.4
1.2
1.2
4.9
5.0
-<-1
2.8
2.8
.1
6.5
*
*
*
*
*
*
*
*
*
*
*
- 1 . 4 Total 0.S-
3.1
3.1
*
1
reserves
Net IMF position
U „ S . Government asset
Monetary authority
9
10
11
(1) L i n e s 1, 2, and 3 e x c l u d e i n c r e a s e s in SDB's through a l l o c a t i o n s , which
occurred at various dates beginning January 1970, T r a n s a c t i o n s I n SDB's
are i n c l u d e d .
Also excluded froa the table are revaluations of foreign
currency h o l d i n g s , gold, S D B ' s , and IMF p o s i t i o n .
Allocations and
revaluations are reflected in t a b l e s on o u t s t a n d i n g s .
(2) Treasury gold
Treasury Currency and S.D.B.
1
2
3
1.2
1.4
-.2
.3
.6
-.3
.5
.6
*
1.6
1.7
-.1
1.3
1.5
-.2
stock.
Certificates
5,5
5.7
-.2
I n s u r a n c e and Pension Fund
.8
,9
--1
1.3
1.6
-.3
-2.5
-2,3
-.2
1-6
1.9
-.2
1,4 Total 0.S, Govt, liability
-.7
Monetary authority asset
2-1
Unallocated assets
11,3
11..5
.2
11..4
12.3 Net c h a n g e in liabilities
,3
U,S, Government
12.0
Life i n s u r a n c e companies
1
2
3
12.3 Net change in assets
4
Beserves
Life insurance
11..4
11.4
11..8
.1
11..7
11,.4
11 .3
11,.4
.1
11,.3
11.5
11..8
11.4
11..3
11 .4
11..5
54.3
77.5
71.8
81.6
67.5
8.7
5.0
7.4
6,6
3,7
54.9
18.3
15.9
20.7
46.4
16.2
14.0
16.2
68.8
20.0
22.3
26,5
66.8
22.9
15.8
28.2
74.2
18.4
20,8
34.9
90.2
15.9
74.2
18-5
34.3
21-4
66,6
7.9
60.0
20.2
18.4
21.4
61.8
54.3
77.5
71.8
81.6
90.2
6.6
6.4
5.5
.9
-72.6
-40.5
-7.8
-12.7
.2
4.5
-80.1
-8.2
-68.3
-54-4
-49.4
-20.7
28.6
1
2
3
8.4
.2
8.2
11.5
.2
11.3
12.0
.3
11.7
12.5
.3
12.3
11.5
4
8.4
11.5
12,0
12.„5
5
6
7
8
9
10
44.0
54.6
61.8
4.6
6.4
6.9
39.5
15.3
11.2
12.9
48.2
14.9
17.4
15.9
11
44.0
54.6
*
*
*
Pension fund
Net
1
2
3
4
-9.0
-1.0
5
6
7
8
9
10
11
-1.3
15.7
20.7
3.5
1.7
1.8
5.9
4.4
1,5
-1.4
-8,0
-1.3
-5.9
-4.0
-7.0
-4.8
-7
7.6
3.5
4.8
9.8
3.6
5.4
5.0
1.2
4.4
3.1
12
13
14
2.9
4.0
1.0
2.5
5.6
3.1
3.7
3.3
9.7
15
16
17
1.8
1.9
-.1
2.0
.4
1.6
-.5
-.9
.4
-.2
-.2
18
19
20
21
22
23
24
-.9
.3
4.2
.3
4.8
-.9
3.9
-5.4
-2.7
.8
-1.7
-4.0
12.0
-.9
-.1
1.4
-.8
1.2
-1.3
2.3
1.6
6.1
7. 1
-3.5
11.8
1.6
3.0
1.3
-29-8
-1.9
-24.5
-19-1
-20.2
-5-7
14.5
.5
20.3
20.1
14.3
13.1
-1.2
-1.4
6.7
1.6
7.2
11.7
7.5
5.2
2.3
4.9
-32.7
3.0
-33.4
-31.5
-40.3
-11.6
28.7
63.9
26-6
15-8
21.5
5
6
7
8
9
10
66.6
67,5
73,1 Net change in assets
(hh)
11
-16.7
-10.2
-7.3
-2.9
-55.2
-3.5
-8.5
18,1 Net c h a n g e in liabilities
-8.4
Monetary authority
Member bank r e s e r v e s
-12,1
Vault cash
3.7
1
2
3
-U
-6.5
-1-2
-2.9
8.0
1.6
-51-7
-1.3
-47.0
-51.1
-32.2
-2.3
-3-9
34-2
26.5
-2.0
20.8
35.1
25.5
24.2
-1.2
20.6
10,9
F g n . b k g . o f f . in U . S .
Dne fgn. affiliates
L e s s : Due from aff.
12
13
14
5.1
2.0
9.6
-5.5
-5.0
8.7
6.5
7.6
6.4
17.5
13.1
11.4
8-7
22.4
.15.9
-18-9
-22.8
-3-9
5.4
3.4
2.0
-5.0
14.0
-4.1
4.0
1.8
2.9
10.9
-2
-5.2
10.0
-1.1
6.5
4.4
-7.3
14-3
16.4
-2.1
L e s s : D e p . at fgn. banks
U.S.-chartered banks
Fgn. bkg, off, in U.S.
15
16
17
-3-4
-12.4
12.6
-5.1
-15.0
18.7
-3.5
-26.5
-4,7
-2-4
-2.4
-12.5
30.9
-2.9
-1.1
38.2
7.7
23.6
24.7
To U . S , banking, net
U.S.-chartered banks
Liabilities
To dom. affiliates
To f g n . offices
Unallocated
Less:Due from fgn o f f .
18
19
20
21
22
23
24
*
4.2
5.5
2.9
5,0
3.2
2.6
2-4
2.3
38.7
-2-9
39.2
14,-7
1.4
30.7
-2.4
43,4
2.3
2.8
-4.0
-3.5
21-8
-2-4
15.3
21.6
-5.1
33.7
7.7
1.1
25
-.3
-1.6
-3-0
-1.4
-2.7
-2.3
-2.8
-2.9
-2.6
-2.4
-2.3
26
27
28
-.9
3.9
4.8
-1.1
7.3
3.7
12.8
43.4
30.7
-13.5
16.0
12.3
25-7
21,-8
-4.0
.6
15.3
12.1
33,7
21.6
-3.6
5.0
6.1
11.7
25-1
13.3
39,2
38.7
14-7
29
30
31
32
33
34
-8.2
-5.9
-2.3
-1.3
-1-1
4.1
-.8
5.0
1.4
1.2
.2
14.9
-27.4
-24.5
-3.0
-1-9
-2.3
11.8
-69.1
-68.3
-38.2
-33.4
-4.8
35
36
37
-1.0
3.5
1.7
1.8
5.9
4.4
1.5
-.2
-.9
-.1
5.4
9.5
3.6
2.7
.9
22.4
20.3
2.1
.5
.3
,3
1.6
.4
-1.4
-1.0
-2.3
3.0
1.3
6.7
5.1
-.7
-1-4
-4.7
-8.2
3.3
-9.2
6.4
5.5
.9
,9
7,5
1.4
5.0
3.0
-.6
3.6
5,-2
-7.8
-12,7
2.3
4.9
1.1
Domestic
DOLLABS.
11/81
BASED ON INCOMPLETE
INFOBMAIION.
affiliates
Fgn, bkg. o f f . in U . S .
Due to U . S . banks
L e s s : D u e from U,S,bks.
25
26
27
28
-5.7
10,-4 Net change in assets
Foreign
20.8
Domestic
-10.4
Monetary authority
-2.0
Federal Reserve float
-3.9
Loans to member banks
1-9
29
30
31
32
33
34
-3.5
-8,5
-8.4
-12.1
5.1
3,7
35
36
37
-14.3
-2.9
-11.4
-1.2
-4.8
-52.3
-47.0
-5.3
-1.9
3.6
-10.2
-7.3
-2.9
3.8
U.S.-chartered b a n k s
Member bank reserves
Vault c a s h
7,7 Discrepancy:
BILLIONS OF
5
6
7
8
9
10
11
1.2
2.7
8.0
Commercial banking
To monetary authority
To foreign .banks, net
l i a b i l i t i e s , net
0.S.-chartered banks
Due f g n . affiliates
L e s s : Due from aff.
13,5
12.3
13-3
-3.4
25.1
5.0
reserves:
73,1 Net c h a n g e in liabilities
U.S, Governsent
9.1
Insurance sector
64.0
Life insurance companies
21,1
Private pension funds
17.1
St.+loc* govt- rtr- funds
25.7
5.8
1.4
3.0
8.0
.8
(hh)
15.5
12.3
-1.7
16,0
-5.4
reserves:
Interbank Claims
-30.8
-1.0
-2.3
19.1
1
2
3
Floats, etc.
AUGUST 2 4 , 1981
Deposit Claims
30
Deposit claias
Monetary Claims On Financial Institutions
UNADJUSTED NET FLOWS ($ HILL.)
UNADJUSTED K£T ILOVS
1980
II
III
IV
|
I
II
1971
($ BILL.)
BILLIONS OF DOLLARS
1972
1973
1974
1975
Currency and Checkable Deposits
1 Net change in total assets
-30,82a
17,731
T4.757
T4,32Q -14,768
4,931
Pvt. doaes. sectors, by types -22,165
Currency
498
Deaand deposits
-24,166
Other checkable
1,503
8,707
3,458
3,246
2,003
11,346
1,542
5,613
4,191
21,042 -10,943
-810
4,827
13,805 -41,024
2,410 30,891
1,188
2,485
-9,616
8,319
14.7
3.4
11.2
.1
23.0
4.4
ia.5
.1
14.9
3.9
K). 8
-2
8-7
6.3
2.2
-2
16-1
6-2
9.2
.7
2
3
4
5
6
7
8
9
10
11
12
Pvt.doaes.sectors, by holder:
Pvt. doaestxc nonfinancial.
Households
Business
State+local governments
flail
float
Financial sectors
-22,165
-22,711
-7,234
-4,371
-2,478
-8,628
546
8,707
6,717
469
1,585
1,309
3,354
1,990
11,346
10,989
17,769
1,426
-1,062
-7,144
357
21,042 -10,943
18,516 -8,010
6,937
-1,097
3,800 -6,100
1,114 -3,474
14,699 -5,373
2,526 -2,933
1,188
66
13
-647
500
200
1,122
14.7
13.8
12.1
-1.4
.9
2,2
.9
23.0
21-4
13.6
2.6
-5
4.7
1.5
14.9
14.6
13.9
1.6
-.6
-.4
.4
8-7
8.5
7.6
1.0
--5
.4
.2
16.1
i
13
14
Foreign
O.S. Government
-630
-8,025
3,289
5,735
-3,493
6,904
1,520
-8,242
-2,154
-1,671
1,970
1,823
-.2
3-1
1.6
-.4
2.9
-1.5
2.8
-4.6
-.3 13
2.8 14
14,320 -14,768
4,981
17.6
24.2
16.3
6.9
18-6 15
-798
27
-15
-810
2,306
-119
-60
2,485
4.4
-9
.1
3.4
3.2
-1.1
-.1
4.4
3.4
-.5
-.1
3-9
7.0
-4
-2
6.3
10.6
4-5
*
6.2
16
17
18
19
10,286 -17,712
-7,173 -1,698
1,522 -2,139
15,937 -13,875
561
1,942
2,030
-3,411
13.1
2.2
-.3
11-2
20.9
.7
1.7
18.5
12.7
-t.O
3.0
10.8
-.2
-5-1
2-6
2.3
7.6
-1.7
--3
9.6
20
21
22
23
3,742
2,114
.1
.1
,2
.1
2
3
4
5
15 Net change in liabilities
-30,820
17,731
14,757
16
17
18
19
-1,364
Monetary authority
O.S. Govt, cash • depositsi -1,649
-213
Foreign deposits
498
Currency outside banks
4,508
808
242
3,458
2,113
840
-269
1,542
20
21
22
23
Commercial banking
U.S. Government deposits
Foreign deposits
Private domestic deposits
-29,892
-6,376
-417
-23,099
12,739
4,927
3,047
4,765
11,815
6,064
-3,224
8,975
436
484
829
Savings institutions
3,756
-1,069
-2
4,827
278
15.6 7
6.9 8
6-2 9
.8 10
1.6 11
.6 12
.4 24
Small Time and Savings Deposits
1 Het change in liabilities
2
Commercial banks
3
Savings institutions
4
Savings and loan assns.
5
Mutual savings banks
6
credit unions
7 Net change in assets
8
Households
9
State and local governments
10
O.S. Government
11
Credit unions
18,459
14,065
4,394
4,274
-148
268
21,760
12,059
9,701
5,526
1,748
2,427
20,801
7,866
12,935
7,679
2,542
2,714
19,433
6,982
12,451
10,675
1,215
561
13,023
8,548
4,475
2,217
1,107
1,151
2,078
7,194
-5,116
-4,705
-848
437
67,0
27.3
39.7
27.1
9-7
2.9
65.3
24.3
45.0
31-8
10.0
3.3
36.1
9.6
26-5
19.2
4.4
2.9
31-6
11.3
20.3
14.5
2.7
3.0
98.2
40-1
58.1
41.6
11.0
5.5
18,459
18,214
-320
-98
663
21,760
21,246
292
-151
373
20,801
21,197
-130
230
-496
19,433
20,590
-167
-191
-799
13,023
12,450
-57
26
604
2,078
2,099
133
-22
-132
67-0
66.1
69.. 3
68.7
36.1
37-0
31.6
31.2
98.2 7
97,2 8
.9 9
-1 10
* 11
-
*
*-
-.1
.1
.9
.6
--2
-.6
.4
1
2
3
4
5
6
Honey Market Mutual Fund Shares
Honey market fund shares
1
Liab: Finance n.e.c.
Asset: Households
15,322
15,632
1,264
-2,984
37,096
14,964
Large Tine Deposits
1 Het change in total liab.
Commercial banking
2
Domestic banks
3
Foreign banking offices
4
Savings institutions
5
6 Net change in assets
Pvt. domestic nonfinancial
7
Households
8
Business
9
State + local governments
10
Foreign
11
12
13
14
15
16
17
Financial sectors
Saving and loan assns.
Mutual savings banks
Credit unions
Private pension funds
Money market funds
10,933
6,844
7,173
-329
4,089
-2,848
-6,180
-6,053
-127
3,332
13,194
10,379
7,023
3,356
2,815
43,281
39,697
34,704
4,993
3,584
8,358
5,895
1,794
4,101
2,463
15,767
13,440
11,900
1,540
2,327
14.8
14.0
13,8
-3
.8
19-1
18.1
18,5
-.4
-9
42.2
41.1
40.1
1.0
1.1
47.2
45.5
44,3
1.1
1-7
-9-1
-10-1
-13.5
3.4
1-0
10,933
9,828
8,071
-477
2,234
-532
-2,848
-5,481
-110
-1,395
-3,976
438
13,194
6,882
8,093
-14
-1,197
-23
43,281
39,279
34,194
3,562
1,523
784
8,358
-305
-3,909
1,594
2,010
230
15,767
14,259
19,106
-951
-3,896
532
14.8
12,9
1,6
4.2
7.2
.3
19,1
14,9
5.7
2.4
6.8
2-9
42.2
38.6
26-6
4.7
7-2
2.8
47-2
34,1
24.6
3-8
5-7
7.7
-9.1 6
-14.8 7
-13.8 8
1.9 9
-2-9 10
1.5 11
1,637
838
-200
-213
-813
2,025
2,195
-238
6,335
1,204
87
-370
2,449
2,965
3,218
1,029
162
-342
476
1,893
8,433
767
293
566
-1,930
8,737
976
1,209
-234
-1,085
-800
1,886
1,5
1.7
.2
1,3
1,1
-2
.1
-8
-.5
.2
-3
.8
5.4
.7
.2
-2
2,7
1.6
4.2
4-5
.1
.5
-1.3
.5
12
13
14
15
16
17
3.5
3,5
.1
1
2
3
986
-704
2,151
-
-.4
*
-
-
1
2
3
4
5
Federal Funds and Security Repurchase Agreements
1 Net change in liabilities
2
Commercial banks
3
Savings and loan assns.
4 Het change in assets
5
Nonfinancial corporations
6
State and local governments
7
Sponsored credit agencies
8
Savings and loan assns.
9
Mutual savings banks
10
Honey market funds
11 Discrepancy-unallocated assets!
2,509
2,473
36
8,736
8,686
50
4,825
4,725
100
4,770
2,895
1,875
6,031
6,278
-247
8,471
4,603
3,868
3-7
3.7
1,173
1,468
-776
-450
262
447
222
7,420
1,058
906
3,393
-62
1,038
1,087
886
2,681
1,333
-2,456
-180
321
-813
1,981
1,365
-1,504
1,277
-720
-1,172
2,735
5,427
1,850
2,387
921
-50
969
-650
2,967
74
4,099
-3,152
-582
-29
2,557
1.0
.8
1,336
1,316
3,939
2,789
604
5,504
-
1.9
1,6
.3
16.2
16,2
--4
-1-9
1-5
2.5
1.6
-.7
-5-8
3-6
-1,0
2-6
-,3
-1
-.6
,5
.2
,4
,4
-1
-
15.3
8.6
2.4
2.3
1.3
.7
-
-
-
-
-1.1 4
-.8 5
1.0 6
--3 7
-1,0 8
-.1 9
.1 10
2,8
0,S. Deposits in Foreign Countries
1 Total foreign liability
Held by:
Nonfinan. corporate business
Honey market funds
2
3
2,285
-131
1,033
-651
6,510
6,540
1-2
--2
1,078
1,207
•871
740
-568
1,601
1,237
-1,888
2,525
3,985
3,120
3,420
1.2
-,2
11/81 BASED OH PRELIMIHABY AND INCOMPLETE INFORMATION.
.8
2
3
AUGUST 24, 1981
Deposit Claims
Deposit Claims
Monetary Claims On Financial Institutions
SEASONALLY ADJUSIED ANNUAL RAXES
1976
1977
1978
SEASONALLY ADJUSIED ANNUAL RAIES
I
i
1980
1979
1980
III
II
I
IV
1
|
1981
I
II
Currency and Checkable Deposits
1
24.8
30.4
32.6
35.9
16.0
20.0
7.3
47.8
-11.1
93.5
2
3
4
5
18.6
7.3
9.5
1.8
27.0
8.3
17.2
1.6
29-2
9.3
15.4
4.5
31.1
7.9
14.4
8.7
18.9
10.3
-1.5
10.1
17.9
8.0
3.8
6.0
9.4
9.0
-7.6
8.0
54.6
9-5
28.3
16.8
-6.2
14.8
-30.6
9.6
67.4
2-5
-58-7
123.6
-20.8
5-1
-59-2
33.3
Pvt. d o m e s , s e c t o r s , by type
Currency
Demand deposits
Other checkable
6
7
8
9
10
11
12
18.6
17.8
15.8
2.3
-.9
.6
.8
27.0
25.5
21.3
1.6
.8
1.8
1.6
29.2
26.5
23.0
4.9
-1.0
-.5
2.7
31.1
27.2
23.2
5.5
-1.5
3.9
18.9
13.5
9.9
2-4
-1.1
2.3
5.4
17.9
11.5
4.5
4.4
-.5
3.1
6.4
9.4
1-8
-4-7
6.1
-.6
-9
7.6
54.6
52-7
43.1
4.8
-.8
5-6
1.9
-6.2
-11-9
-3.3
-5.5
-2.6
-.5
5.8
67-4
74-8
64-1
-1-2
-4-4
16-3
-7.4
-20.8
-24.8
-3.2
-3-9
-3.8
-13.8
4.0
P v t . d o m e s . s e c t o r s , by holder J6
Pvt. domestic nonfinancial 7
Households
8
9
Business
10
State+loca.1. governments
11
Hail float
Financial s e c t o r s
12
13
14
3.2
3.0
2.4
.9
-.2
3.7
4.2
.5
.7
-3.6
7.3
-5.2
7.3
-9.5
-9.7
2.9
-2.2
-2.-7
2.0
24.1
.8
-29.0
Foreign
U . S . Government
15
24.8
30.4
32.6
35.9
16-0
20.0
7.3
47.8
-11.1
93.5
-49.0 Net change in liabilities
16
17
18
19
10.5
3-1
.2
7.3
4.9
-3.3
8.3
6.3
-3.1
.1
9.3
8-2
-1
.1
7-9
9-0
-1.1
-.2
10-3
1.7
-5-9
-.4
8.0
5-7
-4-1
,-8
9.0
1.8
-6-9
-.8
9.5
26.9
12-6
-,.5
14.8
2.2
-.7
.4
2-5
-1.2
-5-9
-.4
5.1
20
21
22
23
13.4
-.1
3.0
10.4
24.5
4.3
2.4
17.8
25.3
6.8
-.3
18.8
26.5
.4
4.1
22.0
4.9
-2.6
.9
6.6
16-6
.7
7.8
8.1
--4
-5,-3
6.5
-1-5
42.6
9.8
-8.9
41.8
-39-0
-15.4
-1.6
-22.0
76.3
24.8
1.6
49.9
-56.3
-23- 1
1.2
-34.4
24
.9
1.0
1.0
1.2
2-0
1.7
1.9
3-3
1.1
15.0
*
*
-49.0 Net change in total
a. 5
assets
1
2
3
4
5
13
14
15
Honetary authority
U.S- Govt, cash • deposits
Foreign deposits
Currency outside banks
16
17
18
19
Commercial banking
U . S . Government deposits
Foreign deposits
Private domestic deposits
20
21
22
23
Savings
24
institutions
Snail line and Savings Deposits
1
2
3
4
5
6
123.7
56.8
66.9
48.7
12.5
5.8
95.1
28.6
66.5
48.6
10.4
7.5
57.0
4.9
52.2
38.8
7.5
5.9
62.3
31-9
30.4
26.0
1.6
2.&V
80.5
41.0
39.5
28-2
5.4
6.0
48.0
38.7
9.3
11-2
-3.1
1.2
84.5
43.1
41.4
26.2
8.1
7.1
87-8
36.5
51.3
32-2
10.0
9.1
101.6
45.7
55-9
43.0
6.5
6.5
29-5
18.0
11.5
4.0
2.3
5-2
7
8
9
10
11
123.7
118.4
5.1
.2
.1
95.1
95.6
-1.6
.1
1.0
57.0
57.6
-.1
.1
-.5
62.3
62.3
-.6
. 1
.5
80.5
81.2
-.3
-.2
-.3
48.0
50-1
-1.3
-.4
-.5
84-5
83.3
1.2
-.6
.6
87-8
89.2
--5
.9
-1.8
101.6
102.3
-.7
-.8
.7
29,5
30.1
-.2
.1
-,.4
4,-7 Met change in l i a b i l i t i e s
Commercial banks
22-9
Savings i n s t i t u t i o n s
-18-2
-14-7
Savings and loan a s s n s .
Hutual s a v i n g s b a n k s
-2.3
Credit u n i o n s
-1-2
4.7 Net change in assets
Households
5.3
State and local g o v e r n m e n t s
-5
U . S . Government
-.1
-1.1
Credit u n i o n s
1
2
3
4
5
£
7
8
9
10
11
Honey Market Mutual Fund Shares
34.4
29.2
Large lime
61.3
59.9
Deposits
1
2
3
4
5
-16.1
-17.4
-17.8
.4
1.4
27.9
25.6
23.4
2.2
2.3
62.7
56.8
50.3
6.4
5.9
25.9
12.0
8.3
3.6
14.0
64.6
50.7
42.8
7.9
13.8
41.3
25.0
26.3
-1.3
16.4
26.5
13.1
13.7
--5
13.3
48.1
36.9
23.5
13.4
11.3
142-3
128.0
108.0
20.0
14.3
27.0
17.1
.7
16.4
6
7
8
9
10
11
-16.1
-11.8
-10.9
2.1
-3.0
-1.9
27.9
25.3
12.0
4.8
8.5
-.4
62.7
52.6
42.4
2.0
8.2
1.1
25.9
20.6
16.3
4.7
-.4
1.8
64.6
50.5
50.2
1.7
-1.4
.7
41.3
38.6
35.5
2.9
.2
-.9
26-5
14.1
17-6
1.4
-4.9
4a. 1
20.9
25.4
142-3
128.4
122-5
.7
5.2
1.3
27.0
-5.6
-15.7
12.1
-2-0
1-9
12
13
14
15
16
17
-2.3
-1.4
3.0
.1
8.9
.4
.3
3.5
-2.2
-.3
13.4
2.8
3.7
9.8
12.6
3-9
30.7
-
-.2
-.1
-.7
*
.1
2.5
.3
*
5.5
2.7
*
-1.4
7.5
*
.1
1.4
9.0
2.6
3.9
-.9
-3.3
-2-8
8.6
8.1
F e d e r a l Funds and Security Bepurchase
1.7
-6.3
-.2
27.5
7.0
.3
-1.5
9.8
11.9
9.9
1.2
2.3
-7-7
25.3 Met change in l i a b i l i t i e s
9.8
Commercial banks
15-5
Savings and loan a s s n s .
34.9
22.4
20.2
2.1
17.1
16.5
.5
20.8
18.8
2.1
7.0
6.8
.1
27-1
26.9
.2
19.5
19.1
.4
29-8
22.3
7.5
21.5
22.5
-1.0
4
5
6
7
8
9
10
4.2
2.3
5.4
1.2
1.0
.2
2.3
.6
.1
11.5
5.5
2.0
1.4
1.7
.9
.1
11.8
2.6
4.0
.6
2.5
.1
2.1
11.5
6.6
-.7
.6
3.2
.4
5.9
-3.1
-1.8
1.0
-2.5
.9
30.2
4*2
3.6
13.6
-.2
4.7
4.3
3.6
10.7
5.3
-9.8
-.7
1.3
-3-3
11.7
5.5
-6.0
5.1
-2.9
-1.0
10.9
17.5
7.4
9.5
3.7
-.2
--4
-2-6
9.4
6.5
16.0
18.1
4.0
*
5.3
U . S . Deposits in Foreign
1.7
1.3
1.7
1.3
BILLIOMS OF DOLLARS.
2.0
.5
1.5
4.6
-9
1.7
Financial s e c t o r s
Saving and loan a s s n s .
Hutual savings b a n k s
Credit unions
Private pension funds
Honey market f u n d s
6
7
8
9
10
11
12
13
14
15
16
17
Agreements
10.9
9.0
1.9
1.2
.4
108.1 Met change in assets
100.0
Pvt- domestic n o n f i n a n c i a l
99.7
Households
Business
3.9
State • local governments
-3-6
Foreign
3.3
4-9
5-8
-.9
-4-3
-3.2
7.5
*
13.6
13.6
-.1
*
1.8
108.1 Met change in total liab.
Commercial banking
9S.8
Domestic banks
92.7
F o r e i g n banking o f f i c e s
6.2
Savings institutions
9.3
.6
-1.4
1.9
7.6
1
2
3
.3
Honey market fund shares
Liab: Finance n.e-c.
Asset:
Households
-3.1
12.2 Met change in assets
.3
Nonfinancial corporations
16.4
State and local governments
-12.6
Sponsored credit agencies
-2.3
Savings and loan assns.
.2
Hutual savings banks
10.2
Honey market funds
13-1 Discrepancy-unallocated assets 11
Countries
9.1
-.5
4.1
-2.6
2o.0
4.3
4.8
-3.5
3-0
-2.3
6.4
4.9
-7.6
10.1
15.9
11/81 BASED OM IMCOHPLETE IMFOBHATIOM.
26.2 Total foreign liability
Held by:
12.5
Montinan. corporate business
13.7
Honey market funds
1
2
3
AUGUST 24, 1981
U.S. Government Securities
U.S. Government S e c u r i t i e s
U.S. Government S e c u r i t i e s Market Summary
UNADJUSTED MET PLOWS ($ HILL.)
UNADJUSTED NET FLCBS ($ MILL.)
1980
II
III
I
1981
IV
|
I
I
II
II
1971
BILLIONS Of DCLLAES
1972
1973
1974
Total Net Issues, by Sector and Type
1 Total U.S. Government secur.
2
U.S. Government
3
Spons. agencies + mtg. pools
32,426
19,091
13,335
14,052
5,398
8,654
34,669
27,137
7,532
41,124
27,674
13,450
42,619
35,861
6,758
8,947
-2,526
11,473
30-9
25-0
5-9
23-6
15.2
8.4
28-3
8-3
19.9
31.9
11-9
20.0
94.9
85.5
9.4
1
2
3
By instrument:
Treasury issues
Household savings bonds
Treas. excl. savings bonds
19,155
-3,880
23,035
5,587
-2,604
8,191
27,249
-349
27,598
27,802
-515
28,3.17
35,915
-2,173
38,088
-2,421
-1,131
-1,290
26.0
2-3
23.7
14.3
3.3
11-0
7.9
2-7
5-2
12.0
3-0
9.0
85.8
4.0
81.8
4
5
6
13,271
-64
8,465
-87
-102
7,420
-79
13,322
-87
-41
6,704
-73
19
11,368
-63
-42
4-9
.8
-1-8
9.3
1.8
-.9
20.4
.7
-.3
19-9
.1
-.3
3.0
-.3
-.1
7
8
9
4,581
4,073
1,868
5,664
9,182
4,266
3,457
3,301
9,621
1,852
1.1
4.8
3.5
4-9
16.3
3.6
16.6
3.4
2.3 10
7.1 11
23.6
28.3
31.9
4
5
6
7
8
9
Other
Budget agency issues
Loan participations (1)
Spons. agency issues (2)
Mortgage pool secur. (2)
8,773
4,562
-33
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.
Total Net Purchases, by Sector and Type
1 Total purchases, by sector
2
U.S. Govt, (agency sec.)
3
Sponsored credit agencies
4
Treasury marketable
5
FHLB special issue
6
Agency securities
32,426
14,052
34,669
41,124
42,619
8,947
30.9
579
571
104
7
297
238
-314
-373
-124
21
2,752
2,607
-.5
-.6
-.1
8
97
59
59
-145
145
-1
.1
7
8
9
Federal Reserve System
Treasury issues
Agency issues
-1,219
-801
-418
8,479
7,858
621
-3,663
-3,804
141
828
617
211
-3,770
-3,285
-485
1,889
1,974
-85
8-7
8.1
.6
.4
--3
.7
9.3
8.6
.7
5-2
2.0
3-2
10
11
12
Foreign
Short-term marketable
Other
-3,988
-1,599
-2,389
1,994
4,352
-2,358
4,196
2,180
2,016
8,304
7,370
934
8,248
4,171
4,077
-1,459
-3,038
1,579
26.3
13.9
12.4
8.4
1-3
7.2
-2
-5.7
5.9
3-7
7-6
-3-9
8.1 10
6.6 11
1.5 12
13
14
15
Total private domestic
Treasury issues
Agency issues
37,054
23,373
13,681
3,475
-4,272
7,747
33,839
26,619
7,220
32,306
19,254
13,052
38,265
30,931
7,334
5,765
-5,543
11,308
-3.6
-7.8
4.2
16.0
7.4
8-5
18-8
-.8
19.6
22-5
6.0
16-5
76-3 13
68.8 14
8.1 15
20,116 -11,910
11,829 -11,991
-3,880 -2,604
15,709 -9,387
8,287
81
11,406
11,907
-349
12,256
-501
13,792
9,701
-515
10,216
4,091
5,804
4,415
-2,173
6,588
1,389
1,925
-2,620
-1,131
-1,489
4,545
-10.9
-6.9
2-3
-9-3
-3,-9
4.2
5.0
3.3
1.8
-.8
18.8
11.3
2.3
8.6
7.5
19.1
11.0
3,0
8.1
8.1
25.4
27.6
4-0
23.6
-2.3
16
17
18
19
20
18,452 -10,400
11,469 -10,059
-3,880 -2,604
15,349 -7,455
-341
6,983
5,704
5,376
-349
5,725
328
7,560
4,839
-515
5,354
2,721
936
-505
-2,173
1,668
1,441
-1,249
-4,490
-1,131
-3,359
3,241
-12-3
-8.4
2-3
-10.7
-3.9
.4
3.1
3.3
-.2
-2.7
18.5
17.2
2.-7
14.5
1-3
19-8
15-6
3.0
12-7
4.1
18.7
19.8
4.0
15.7
-1.0
21
22
23
24
25
16
17
18
19
20
Private domestic nonfinan.
Total Treasury issues
Savings bonds (hh)
Other Treasury issues
Agency issues
*
*
*
-1-2
-1-2
-.1
*
*
-.1
*
.4
-3
94.9
1
2
3
4
5
* 6
1.5
1.5
8-4
7.4
1.0
7
8
9
21
22
23
24
25
Households
Total Treasury issues
Savings bonds
Other Treas. issues
Agency issues
26
27
28
Nonfin. corp. business
Treasury issues
Agency issues
2,145
1,881
264
-4,740
-5,100
360
501
1,280
-779
28
-587
615
1,143
1,520
-377
-1,861
-2,226
365
2.5
2.8
-.3
-2.1
-2-2
.1
-3.4
-4-9
1.5
2.3
-9
1.4
8.7 26
9-5 27
--8 28
29
30
31
State and local govts.
Treasury issues
Agency issues
-481
-1,521
1,040
3,230
3,168
62
5,201
5,251
-50
6,204
5,449
755
3,725
3,400
325
5,035
4,096
939
-1.0
-1.3
.3
5-9
4.1
1-7
3.7
-1-0
4.7
-2.9
-5.5
2-5
-2-1 29
-1.7 30
-.4 Jl
2,098
685
1,413
5,143
2,195
2,948
8,634
6,958
1,676
9,742
6,090
3,652
5,783
3,618
2,365
1,182
-183
1,365
7.1
3.1
4.0
6.5
2.4
4.1
-1.3
-8-9
7-6
.7
-2-9
3-6
30.0 32
28-6 33
H.4 34
2,086
4
8
5,042
92
9
8,282
321
31
9,573
119
50
5,882
-129
30
1,095
55
7.2
-.2
.2
6.0
.3
.2
-1.4
.2
-.1
.7
.2
-.2
30.1 35
-.2 36
-1 37
14,840
10,242
13,799
8,772
26,678
2,658
.2
5.3
1.3
2-7
21.6 38
14,840
10,859
3,981
10,242
5,524
4,718
13,799
7,754
6,045
8,772
3,463
5,309
26,678
22,898
3,780
2,658
-2,740
5,398
.2
-4.0
4,2
5.3
1.3
-3.3
4.5
2*7
-2.1
4.8
21-6 39
12.6 40
9.0 41
1,789
848
941
2,600
645
1,955
2,243
-956
3,199
5,473
3,473
2,000
1,535
535
1,000
718
-482
1,200
2.5
-.6
3.0
5.3
1.6
-.8
2.4
.7
-1.6
2.3
-.2
-1.4
1.2
4.8 42
.7 43
4.1 44
32
33
34
35
36
37
38
Commercial banking
Treasury issues
Agency issues
Commercial banks
Foreign banking offices
Banks in U,.S.possessionsi
Private nonbank finance
39 Total, all pvt. nonbank fin.
40
Treasury issues
41
Agency issues
32
*
42
43
44
Savings and loan a s s n s .
Treasury i s s u e s
Agency i s s u e s
45
46
47
Mutual s a v i n g s banks
Treasury i s s u e s
Agency i s s u e s
663
-41
704
135
-193
328
1,803
1,233
570
709
409
300
402
238
164
50
162
-112
.9
.1
.8
1.4
.2
1.1
-.5
-.5
.1
-.2
-.4
.2
3.9 45
2.2 46
1.7 47
48
49
50
Credit unions
Treasury i s s u e s
Agency i s s u e s
863
142
721
3,910
3,351
559
3,311
2,185
1,126
1,259
535
724
-108
-209
101
382
729
-347
.2
.5
.5
.3
.2
.4
.1
.3
1.1 48
.3 43
• 8 50
51
52
53
Life insurance companies5
Treasury i s s u e s
lgency i s s u e s
518
29
489
87
218
-131
767
203
564
1,341
500
841
1,712
S69
743
1,206
-7
1,213
.1
-.2
-.4
.1
.1
-.1
-2
1-7 51
1.4 52
.4 53
54
55
56
P r i v a t e pension funds
Treasury i s s u e s
Agency i s s u e s
2,261
1,800
461
892
792
100
1,675
1,275
400
1,015
815
200
1,670
1,170
500
1,902
877
1,025
-.3
-.3
1.0
.9
.1
.7
.2
.6
1-1
-.2
1.3
5.2 54
4.5 55
.7 56
57
58
59
S t . * l o c a l g o v t . r t r . f u n d s!
Treasury i s s u e s
Agency i s s u e s
2,074
1,453
621
3,225
1,423
1,802
2,486
2,417
69
1,659
928
731
2,323
1,505
816
3,717
2,068
1,649
-1-2
-1.2
.1
.3
-.3
.6
.]
-1.1
1.2
.3
-.3
1.2
1.6 57
1.0 58
-7 5*
60
61
62
Other insurance c o s .
Treasury i s s u e s
Agency i s s u e s
724
680
44
-580
-685
105
1,350
1,233
117
1,868
1,355
513
2,606
2,152
454
2,076
1,306
770
.1
-.2
.3
.1
-.3
.4
.4
-.1
.4
2.5 60
9.9 .61
.6 62
63
64
Mutual funds (Treasury)
Money mkt.funds (Treas.)
S e c u r i t y brokers and
Dealers (Treasury)
143
4,970
913
386
-653
1,852
-86
-4,621
798
12,635
149
-4,437
-.3
.1
.4
.1
* 63
.8 64
835
-1,326
-1,035
155
3,105
-3,105
11/81 BASED ON
P&EL1NIMABI AID INCOMPLETE INFORMATION.
*
.2
-.1
-.2
.1
*
*
.6
.1
*
*
•
•
*
AUGUST 24, 1981
0.5. Government Securities
U.S. Government
O.S. Government Securities Market
Securities
33
Summary
SEASONALLY ADJUSTED ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL
SATES
1980
1979
1980
|
I
II
III
Total Net issues, by Sector and Type
1
2
3
84.6
69.1
15.5
79.9
56.9
23.1
90.5
53.8
36.7
85.7
37.5
48.2
122.3
79.3
43.0
114.4
61.6
52.8
108.2
71.7
36.5
132.5
96.1
36.3
134.0
87.8
46.3
152.9
127.1
25.8
99.8 Total U.S, Government secur.
U,S. Government
51.3
Spons. agencies + »tg. pools
48.5
4
5
6
69.1
4.7
64.5
57.6
4.7
52.9
55.1
3.9
51.2
38.8
-.8
39.6
79.8
-7.3
87.1
61.8
-13.3
75.2
72.5
-9.1
81.6
96.6
-3.1
99.7
88.3
-3.8
92.1
127,-3
-6.0
133.3
51.7
-2.9
54.5
7
8
9
15.5
.1
-.1
22.3
-.5
-.2
35.3
-1.1
-.3
47.0
-1.1
-.2
42.5
-.3
-.2
52.6
-.3
35.7
-.3
-.4
35.9
-.3
-.1
45.8
-.3
-.2
25.6
-.3
.1
48.1
-.3
-.2
10
11
3.3
12.2
7.0
16.1
23.1
13.6
24.3
24.0
24.4
18.6
31.4
21.4
18.8
17.7
16.4
20,0
31.1
15.2
8.6
17,2
39.6
8.9
By instrument:
Treasury issues
Household savings bonds
Treas. excl, savings bonds
Other
Budget agency issues
Loan participations (1)
Spons. agency issues (2)
Mortgage pool secur, (2)
(1) Hhere not shown separately, loan participations are included
agency issues,
10
11
with
(2) These issues are outside the budget and outside the U.S. Government
sector in flow of funds accounts. Ihey are included in credit
market debt of financial institutions.
Total Net Purchases, by Sector and Type
1
2
3
4
5
6
84.6
79.9
90.5
85.7
122.3
114.4
108.2
132.5
134,0
152.9
1.5
1.5
-3.8
-3.4
.6
.5
.2
-.2
,7
.4
-2.3
-2.4
-1.3
-1.7
8.9
8,7
-2,6
-2-8
-5.1
-4,6
-.4
.1
.4
.2
.4
,2
.2
-.6
7
8
9
10.0
9.1
.9
7.2
5.8
1.4
7.3
7.7
-.4
7.6
6,9
.7
4.4
3.9
.6
3.4
5.0
-1.7
22.6
20,1
2.5
-16.2
-16,8
.6
7.9
7.1
.8
-6.6
-4.6
-1.9
-4.5
-4.1
-.3
Federal Reserve System
Treasury issues
Agency issues
10
11
12
11.6
3.3
8.3
31.5
8.1
23.4
28.2
13.9
14.3
-14.0
-18.5
4.6
10.5
12-3
-1.8
-8.6
-5.9
-2.7
32.7
26.6
6.1
-,5
2.0
-2.5
18.5
26.6
-8.1
45.5
19.5
26,0
19.8
-2.8
22.6
Foreign
Short-term
Other
13
14
15
61.5
47.0
14.6
45.1
23.8
21.3
54.3
18.7
35.7
91.9'
46.1
45.9
106.7
65.0
41.7
122,0
67.8
54.2
54.2
21.4
32.9
140.3
105.2
35.1
110.2
65.5
44.7
119,1
91,0
28.1
75.8
28.0
47.9
Total private domestic
Treasury issues
Agency issues
16
17
18
19
20
16.4
10.7
4.7
6.0
5.7
24.1
17.0
4.7
12.3
7.1
35.6
21.7
3.9
17.8
13.9
62,8
36.7
-.8
37.5
26.1
33.4
21.4
-7.3
28.8
12.0
59.8
29.8
-13,3
43.2
30,0
-21-8
-25.6
-9,1
-16.5
3.8
54.4
43. 8
-3.1
52.9
4.6
41.2
31.8
-3,8
35.6
9.5
-5,5
-6-6
-6-0
-.6
1.1
45,8
23.1
-2.9
25,9
22.8
21
10.3
6.4
4.7
1.8
3.8
16.9
11-2
4.7
6.4
5.7
30.7
23-2
3.9
19.2
7,6
51,8
31.6
-.8
32.5
20.1
21.3
11.6
-7.3
19.0
9-7
50.3
25.5
-13.3
38.8
24.8
-7.4
-9.5
-9.1
-.4
2.1
28,7
20,8
-3.1
23.9
7.9
13,7
9.7
-3-8
13.5
4.0
-27.0
-28.3
-6.0
-22.3
1.3
41.5
24.0
-2.9
26.8
17.5
Households
Total Treasury issues
Savings bonds
Other Treas. issues
Agency issues
21
22
23
24
25
26
27
28
2.1
2.1
-4.1
-3.7
-.4
-3.7
-4,5
.7
-.4
.9
-1.3
-2,1
-2.5
.5
2.1
1,1
1.1
-11.8
-13,2
1.4
4.0
7.1
-3.1
-2.6
-5.1
2.5
-2.7
-1.2
-1.5
-.7
-2.2
1.5
Monfin, corp. business
Treasury issues
Agency issues
26
27
28
29
30
31
4.1
2.2
1.9
11.3
9.6
1.7
8.6
3.0
5.6
11.3
4.1
7.2
14.2
12.3
1.8
7.4
3.3
4.2
-2.6
-2.9
.2
21.7
21 i 9
-.2
30,1
27.1
3.0
24.2
22,9
1.3
5-0
1.3
3.8
State and local govts.
Treasury issues
Agency issues
29
30
31
32
33
34
20.2
18.7
1.5
-1.1
-1.9
.8
.5
-6.5
7.0
7.9
.4
7.6
25.6
15.9
9.7
10.8
2.4
8.4
24.5
14.1
10.4
35,1
27.5
7,6
32.1
19.7
12-4
25.3
43.6
11.7
8.3
4.5
3.8
35
36
37
19.6
.5
.1
-1.3
-.1
.2
25.0
,5
.1
10.8
.5
-.1
7.4
.5
24.1
.4
33.7
1.3
.1
31.4
.5
.2
25.7
-.5
.1
7.9
.1
-2
38
25.0
22.1
18.2
21.2
47.7
51.3
51.6
50.9
36.9
99.3
21.8
39
40
41
25.0
17.6
7.4
22.1
8.7
13.5
18.2
3.5
14.7
21.2
9.0
12.2
47.7
27.6
20.1
51.3
35.5
15-8
51.6
32-9
18,6
50.9
27.9
22.9
36.9
14.0
22.9
99.3
84.0
15.3
21.8 iTotal, all pvt. nonbank fin.
Treasury issues
.4
21.4
Agency issues
42
43
44
5.9
5.2
.7
4.4
-.6
4.9
5.3
.7
4.6
.4
-3.5
3.9
12.1
4.0
8.1
3.8
-1.0
4.8
15.6
7-6
8,0
6.4
-4.1
10.4
22.6
13.5
9.1
3.6
-1-7
5.4
8.4
3.5
4.9
Savings and loan assns.
Treasury issues
Agency issues
42
43
44
45
46
47
4.0
1.1
2.9
2.6
.1
2.6
.8
-.9
1.7
1.2
-1.1
2.2
3.3
1.4
1.9
1.6
-.5
2.1
2.0
.4
1.6
5.9
3.4
2.4
3.8
2.3
1,5
.7
.7
.1
1-8
2,0
-.2
flutual savings banks
Treasury issues
Agency issues
45
46
47
48
49
50
.6
.2
.5
.5
.1
.4
.1
-.4
.5
.1
-.1
9-3
6.2
3.1
3.5
.6
2.9
15.6
13,4
2.2
13.2
8.7
4.5
5.0
2,1
2.9
-.4
-.8
.4
1.5
2.9
-1.4
Credit unions
Treasury issues
Agency issues
48
45
50
51
52
53
1.5
.6
.9
1.6
-.1
1.7
2.0
-.5
2.5
2.9
.1
2.8
2.7
1.0
1.8
1.6
-.3
2.0
,5
1.0
-.5
2.8
.6
2.3
5.9
2.5
3.4
6.3
3.4
3.0
4.8
-, 1
4,9
Life insurance companies 51
Treasury issues
52
Agency issues
53
54
55
56
3.9
3.7
.3
5.4
4.8
.6
2.1
1.6
.5
2.8
1.9
.8
5.8
4.7
1.2
6.7
5.3
1.4
4.7
5.0
-.3
7.6
5,1
2.5
4.4
3.4
1.0
4.2
2.8
1.4
8.8
5.3
3.5
Private pension funds
Treasury issues
Agency issues
57
58
59
3.1
1.5
1.6
5.5
2.7
2.7
7.1
2.7
4.4
6.6
5.3
1.4
9.4
6.2
3.2
8.3
5.8
2.5
12.9
5.7
7.2
9.9
9.7
.3
6.6
3.7
2.9
9.3
6.0
3.3
14.9
8.3
6.6
St.+local govt-rtr,funds 57
Treasury issues
58
Agency issues
59
60
61
62
3.1
2.6
.6
3-0
2.5
.5
1.2
.7
.5
1.3
.2
1.1
3.4
2.6
.8
2.1
1.9
.2
.3
-.1
.4
4.3
3.8
.5
6.7
4.7
2.1
9,4
7.6
1.8
11-2
8.1
3.1
Other insurance cos.
Treasury issues
Agency issues
63
64
.2
.2
-.3
-.2
.6
4.2
.3
2.6
.6
19.9
3.7
1.5
-2.6
7,4
-.3
-18.5
3-2
50.5
.6
-17.7
65
2.4
-.7
-.8
1.9
-1.4
3.3
-5,3
-4.1
.6
12.4
-12,4
22
23
24
25
*
*
V
DOLIAES.
BILLIOIS OF
*
*
*
11/8 1 BASED ON
*
*
*
INCOHPLEIE INFOBHATIOM.
*
99,8 3Dotal purchases, by sector
U.S. Govt, (agency sec.)
Sponsored credit agencies
8.6
Treasury marketable
8.0
FH1B special issue
Agency securities
,6
marketable
Private domestic nonfinan.
Total Treasury issues
Savings bonds (hh)
Other Treasury issues
Agency issues
Commercial banking
Treasury issues
Agency issues
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
1J6
17
18
19
20
32
33
34
35
Commercial banks
Foreign banking offices 36
Banks in U.S.possessions 37
Private nonbank finance
38
39
40
41
54
55
56
60
61
62
Butual funds (Treasury) 63
Honey mkt.funds (Treas.) 64
Security brokers and
65
Dealers (Treasury)
Au 1 US1 ^ 4 , i;a1
cTi vatfe Securities
34
UNADJUS1£D
NFI FLOWS
Private :Securities
State
*• L o c a l Government, C o r p o r a t e , and Foreign
($ MILL.)
I
II
III
IV
|
1
1981
I
State and
1 Net change in liabilities
State and local governments
2
Short-term
3
4
Other
Nonfin. c o r p o r a t e business
5
II
1971
local Government
BILLIONS OF DCLLABS
1974
1973
1972
17.4
17.3
14.7
14-2
14.7
12.9
16-5
14.8
2.5
.1
-3
2.7
14.9
14.1
12.6
12.1
b47
.1
.5
1.8
1.6
6,916
1,611
4,461
3,250
7,303
4,691
-.7.4
14.7
14.7
16.5
-31
194
41
-4
-26
310
17
31
.1
1.0
-.3
2.3
1.0
-.3
5.3
-.1
-2
8.3
.6
-5
7
57
-29
12-6
7.2
5.7
5-4
.3
7,367
6,513
1,225
5,288
10,890
10,324
1,975
8,349
6,916
6,077
1,094
4,983
4,461
3,814
1,184
2,630
204
854
566
839
1,682
-973
-227
-101
7,367
-451
10,890
2,827
20
150
1975
Obligations
7,303
5,703
1,196
4,507
1,600
1,632
1,478
-1,412
2,890
($ MILL.)
16.1
13.5
-.3
13.8
2.6
1
2
3
4
5
16.1
6.2
-.2
2.4
6
7
8
9
control)
6 Net change in assets
Households
7
Nonfin. c o r p o r a t e business
8
State+local govt. gen. funds
9
10
11
12
Commercial banking
Savings and loan a s s n s .
Mutual s a v i n g s banks
13
14
15
16
Insurance
Life insurance companies
State+local govt.rtr.funds
Other insurance c o m p a n i e s
17
18
Mutual funds
Brokers and dealers
874
-43
3,825
5,195
3,722
-922
18
-118
41
22
24
-106
-338
66
-31
2,864
1,689
-124
2,06b
2,044
1,070
1,654
128
-2
-76
-104
2,044
235
138
501
103
1,671
1,075
-501
-506
• 322
34
191
2,639
1,889
38
1,393
-644
841
-162
1,234
910
-166
1 Net i s s u e s
Nonfin. corporate business
2
Foreign
3
8,205
6,985
16,881
11,380
105
880
4
5
6
7
8
1,115
9,277
8,375
-30
656
219
-.1
17
18
Foreign Bonds
1
2
J
478
327
1
136
14
-1,131
1,387
371
432
40
4.9
2.0
7.0
3.1
4.4
.9
3.1
1.1
2-5
3-6
3.0
1-8
3.2
.5
.1
2.7
4
5
i>
7
595
306
1,368
14
15
16
17
18
Insurance
Life insurance companies
Private pension funds
S t . + l o c . govt. r t r . funds
Other insurance companies
9,638
4,709
1,389
3,277
19
20
Mutual funds
Brokers and dealers
-1,259
-243
816
1,004
.4
-4
.6
-2
8
7,283
-145
24.7
10.4
20.3
14.6
24.9
969
-48
.3
.9
3.9
6.5
.1
1.3
2.1
1.9
.1
-3
-1.1
5-1
.9
1.0
-9
36.7
9
8.9 10
.6 11
1.8 12
3.5 13
9.5
7.0
12-8
17.0
- 4.0
-89
-382
308
-59
9,199
1,104
1,739
4,426
1,930
4,955
1,819
2,572
1,106
4,032
2,490
4,273
2,704
757
145
964
433
235
987
347
8.9
5.5
-.8
3.9
-3
-1.0
1,338
1,041
488
652
326
4.2
-.7
5.9
1.9
5.2
-.1
1,093
566
805
-123
1,215
-43
-1,203
541
1.993
.2
.1
.5
.2
-300
corjporate
3,120
2,000
4,456
2,304
2,152
1,468
6,059
1,559
4,500
3,157
6,918
6,250
660
83
226
151
222
84
225
153
835
100
225
183
293
100
224
51
9 Net p u r c h a s e s
Households
10
Foreign
11
Commercial banking
12
Mutual s a v i n g s banks
13
3,044
1,541
2,154
4,456
-261
6,059
-1,044
408
-10
-16
754
4
-34
7,481
-2,163
1,950
14
15
16
17
18
Insurance
Life i n s u r a n c e companies
Private pension funds
S t . + l o c . govt. r t r . f u n d s
Other insurance companies
2,356
4,490
-270
2,648
6,072
19
20
Hutual f u n d s
Brokers and dealers
-983
-1,689
-.4
J6.2
650
3
515
428
514
896
518
-
.2
36.7
27.2
254
215
518
2
_
--1
2.1
5,219
-337
-
-1
24.9
19-7
4,029
-154
-76
-
1.0
9,277
1,783
3,044
-.3
3.6
14.6
.9.2
16,881
5,134
468
7,481
563
19.9
9.1
14
15
4.5
6.5
2.0
6.8
17
2.2
18
.1
.4
.6
-.6
.7 19
A.2 20
10.2
5-7
-9
4.8
4.1
-.2
J.O
.9
1-8 U
Eguities
5,267
2,085
3,182
2,970
10
14.6
2,200
-2,190
-2,504
.9
-.1
-.2
13.7
13.8
10.9
10.4
139
112
225
177
117
225
-264
-205
5,267
-1,210
1,666
10
-9,007
2,879
M.4
13.7
.6
.6
1.0
-.4
1.2
.5
1.7
7.9
-.2
1.2
.5
1.0
14.6
-5.5
13.7
-5.1
10.2
-5.8
.8
2-4
2.8
*
4*
-.J*
5.7
-.6
.5
10.6
-.3
10.9
9.9
-2
1.0
1.0
-1.1
1
2
3
-4
5
6
7
8
10.6 9
-3.8 10
4-7 11
* 12
.2L3
-8
-25
8
-149
-135
-139
-5
.6
.4
-2
6,347
5,892
4,420
18.2
17-4
14.6
3.5
7.3
3-7
3.0
3.6
5.3
3.4
2.4
6.7
2.3
2.3
2.6
-.5
9.3
1.9
5.8
2.4
-.7
-1.8
-2.2
.4
-.4
-.6
-.9 19
1.2 20
*
445
623
652
500
2,694
2,254
3,505
2,500
879
3,757
1,303
1,233
567
776
1.208
527
995
425
3.6
8*9
3-2
2-5
-624
-498
288
283
469
805
1,216
-1,204
-144
1,993
.4
.1
11/81 BASED ON PRELIMINARY AND INCOMPLETE INFORMATION.
4.4 13
.8 14
1.0 15
2.6 16
-.1
4.3
1.0
8,205
-989
1,352
1 Net issues
Mutual f u n d s
2
Other s e c t o r s
3
Nonfia. corporate business
4
Foreign
5
Commercial banks
6
Other insurance companies
7
Beits
8
*
*
1-7
.3
-.7
2.2
20.3
12.2
9 Net p u r c h a s e s
Households
10
Foreign
11
Commercial banking
12
Mutual s a v i n g s banks
13
-220
-1,688
*
3.3
.9
75
263
4.2
24.7
18.8
3,674
60
52
3.6
.1
.1
3-5
1.8 10
1.0 11
.6 12
7,283
4,625
1,271
-184
640
232
,.5
5,219
6,012
33 8
932
312
22
671
-73
4,621
*
*
*
.2
4,029
3,705
-154
248
100
951
Total finance
Commercial banking
Savings and loan a s s n s .
Finance companies
Beits
*
1,050
Corporate and
NET FLOHS
UNADJUSTED
1980
(Pollution
Securities
*
.2
*
14
15
U
17
18
AUGUST 24. 1981
Private Securities
Private
State • Local G o v e r n m e n t , C o r p o r a t e , and Foreign
SEASONALLY ADJUSTED
ANNUAL
BA1ES
SEASONALLY
I
1976
1377
1978
1979
1980
(
1
2
4
5
6
7
8
9
III
11
I
State and Local Government
j
I
1980
IV
|
I
26.1
22.4
21.8
18.2
26-9
24.4
19.1
18.2
24.1
20.7
32.9
30.7
31.3
27.9
.6
.8
2.9
.1
1-1
4.6
5.8
21.9
17.4
21.5
18.1
19.6
26.1
22.2
31.0
28.5
10-6
17.8
2.5
4.8
3.7
3.6
2.5
.8
3.4
2.3
3-4
2.6
15.7
21.9
-1.5
26.1
21.8
26.9
19.1
2.4
3.3
-.9
-.4
31.3
10.0
31.0
20-9
.2
-1.1
3.0
-.2
.2
24.1
-6-3
32.9
1.8
.2
-.6
-.1
1.2
9.5
-.1
-.4
13.6
8.3
-,2
-.4
9-9
8.7
-3
.1
8.2
*
2.4
.6
10
11
12
3.0
-.3
.9
9-2
.4
9.6
.1
.5
13
14
15
16
7.9
1.1
1.4
5.4
11.4
14.3
.5
.2
.4
.4
10.7
13.5
17
18
.5
.3
1.6
.2
.5
-.2
*
*
*
9.9*
1.4
.2
*
-.5
11,-8
.4
.8
10.6
2.0
.2
-2.6
*
Corporate
.1
--5
.2
.1
-1.4
1.2
.3
-.1
-.6
.2
-.1
Coaaercial banking
Savings aad loan a s s n s .
Mutual s a v i n g s b a n k s
10
11
12
7.3
8.0
..2
-.4
8-2
7.7
.4
.6
6.7
4.7
.4
-.6
4.9
7-2
2.6
.4
4,2
Insurance
L i f e insurance companies
State+local govt.rtr,funds
Other insurance companies
13
14
15
16
2.6
.9
Mutual f u n d s
Brokers and dealers
17
18
*
-.3
7.6
5.6
3.4
*
.1
4.3
-2.0
-2.0
1.3
3.6
-.7
and Foreign Bonds
31.6
20-1
32.9
21.2
38.4
30.4
59-6
40-1
36.6
32.4
22.3
18.8
23*7
27.4
4.0
3.9
.8
,.4
3-5
--1
-.6
1.4
4
5
6
7
8
9.8
6.9
.1
3.1
-.2
10.1
7.5
.6
.7
6.4
-.2
7.8
2.1
1.4
4.3
7.1
1.5
.4
5.4
-.2
4-2
1-0
.4
3.5
-.7
16-0
4.3
1.2
-1
3.3
-.3
4.1
1.3
-5.0
1.3
1.2
7.8
-.1
9
10
11
12
13
41.2
11.8
36.1
-3.6
31.6
-2.6
32.9
12.0
38.4
35-0
-2.6
59-6
15,-3
.9
-.6
2.8
3.5
-.6
-.1
-1.1
5-4
.2
-2
1.0
.9
2.1
2.6
1.2
1.6
-.3
.1
2.1
14
15
16
17
18
25.6
16.9
33.8
18.8
34.0
17.3
22.4
11.6
37.3
20.6
-.3
5.1
3.9
5.4
6.0
3.7
5.9
9.0
1.8
5.7
3.2
2.0
8.7
4.4
9-7
3.6
34.9
15.2
5.6
5-0
7-0
8.1
3.0
13.1
17.7
5,-4
1.1
7.7
19
20
.3
.5
1.1
.2
-.7
-.3
..8
-•6
1.3
.8
-.9
4.4
-2.3
-1-4
35.0
30.5
5.8
2.9
.6
.7
26.4
Corporate
2-6
-9
.12.2
.3
22.3
23.7
5.5
2.4
1.2
-1.5
6^3
5.5
1.2
-.2
12.6
11.7
4.2
6.7
2.0
2.6
1.3
5.5
-6
3.9
1.7
2.3
4,2
-.5
2-7
-.2
-.6
24.8
27.8
21.6
36.6
4.. 9
*
.3
1.6
-9
-.3
9
10
11
12
13
10.6
-4.6
5.7
1.2
-4.3
2.8
2.7
.1
.4
.1
-.1
-,.5
-1.3
-.1
-.1
14
15
16
17
18
14.3
10.5
19.3
13.0
1.2
4.5
3.7
1.2
6.4
-.1
1.9
2.6
2.0
14.1
3.0
7.3
3.1
.9
.6
6.1
4.1
3.2
1.2
9.6
5.3
3.1
1.7
5.6
3.6
2.1
18,1
-1.1
10.7
3.5
4.9
5.2
2.3
19
20
-2-4
-3.7
-1.6
-2.8
-1.8
.2
-.3
-.6
.8
-2.1
-1.4
-1-9
.5
BILLIONS OF D O L L A R S .
12.7
-.6
4.4
.2
-3.9
-7.8
16.7
12.9
12.5
.9
1.3
.9
.9
2.0
.4
.9
.5
-5.8
-4.5
-16.7
21.0
-1*9
2.4
1.6
5.3
*
11/81
*
*
BASED ON INCOMPLETE
19,7 Net issues
Nonfin. c o r p o r a t e
11.6
foreign
5.1
3-0
1.7
,2
1.4
-,4
business
lotal f i n a n c e
C o a a e r c i a l banking
Savings and loan a s s n s .
finance coapanies
Jeits
19.7 Net purchases
Households
-7,2
foreign
3,9
Coaaercial banking
-.2
Mutual s a v i n g s banks
-U2
1
2
3
4
5
6
7
8
9
10
11
12
13
.9
3,9
1.4
Insurance
Life i n s u r a n c e c o a p a n i e s
P r i v a t e pension funds
S t . + l o c govt,, r t r . f u n d s
Other insurance c o a p a n i e s
14
15
16
17
18
2.2
4,2
Mutual f u n d s
Brokers and dealers
19
20
18.0
11-8
Equities
5.7
.4
5.3
2.7
.4
.6
1.4
.2
•
-
-5,-5
-1.0
10.6
-2.4
13.1
10.5
*
*
1.5
2.8
.1
1
2
3
4
5
6
7
8
21.0
6
7
8
9
15.5
5.0
-4.5
24,. 6 Net change in assets
Households
14-2
Nonfin. c o r p o r a t e b u s i n e s s
.1
State+local govt., gea- funds
.1
16.7
36.1
21.0
1.2
-.5
1.7
-.1
-.5
1.1
.8
.4
1
2
3
4
5
14.0
8.6
_
24.6 Net change in liabilities
State and local governments
18.2
Short-texn
1.6
16.6
Other
Nonfin, c o r p o r a t e business
6.4
(Pollution control)
5.1
-.1
.8
41.2
22.8
*
II
.1
.6
1
2
3
*
RATES
Obligations
21.9
17.1
-2.9
20.0
2.0
ADJUSIEL* ANNUAL
1981
15.7
13.2
-4.1
17.2
-1.1
Securities
35
Securities
8.0
2.6
,3
.9
,6
18.9
10.3
8.6
5.9
.9
,.3
.9
.6
12.7
18-9
-.6
6.7
Z.3
2.2
*
-2.8
-2.3
INFOfiMAIION.
*
1.3 Net issues
6.8
.1
8.9
18.0
12.6
27.7
25.0
12.7
11.9
3.3
-4
.9
.7
1.2
,4
.9
.2
,6
,.4
.9
-Ul
.7
.5
.9
-.8
24.8
-4.1
27.8
-5.3
4.5
7.6
21.6
-11-9
4,-5
-32.4
12,3
-.6
-.1
--5
-,6
22.2
23.8
27.9
17.8
1.8
2.5
9-2
9.0
3.1
*
12-9
4.2
*
-.4
2.7
10,0
-8.8
-10.0
Mutual funds
Other s e c t o r s
Nonfin. c o r p o r a t e business
Foreign
Coaaercial banks
Other i n s u r a n c e c o a p a n i e s
Beits
•4
5
6
7
8
Households
Foreign
Coaaercial banking
Mutual s a v i n g s banJcs
9
10
11
12
13
14
15
16
17
18
19
20
1,3 Net purchases
*
1
2
3
2-6
2.0
18*3
10,1
4-8
2,1
4.0
1.7
Insurance
L i f e insurance c o a p a n i e s
Private pension f u n d s
St.+loc, govt. r t r . funds
Other i n s u r a n c e c o a p a n i e s
2.4
-,6
-,1
4.2
Mutual funds
Brokers and dealers
AUGUST 2 4 , 1981
Bortgages - I
36
Mortgages
Mortgage
flarkets
by Type of
Bortgage
UNADJUSTED NET FLOSS ($ BILL.)
0NADJ0SIBO NEI FLGiS (S HILL.)
1980
II
BXLLIOMS Or DOL1ABS
1972
1973
1974
1981
III
I*
I
I
II
Total Bortgages
1 Net change in aortgages
2
Hoae Mortgages
3
Bulti-faaily resid.
4
Coaaercial
5
Fara
29,987
17,895
2,136
6,679
3,277
22,443
12,933
1,843
4,697
2,970
32,833
25,107
1,520
25,015
2,408
6,681
1,735
6 Borrowings by:
7
0. S,. Governaent
8
Savings • loan associations
9
Beits
29,987
-21
-1,433
-4
22,443
-32
-1,118
-4
32,833
35,839
-29
-22
31,445
24,400
365
6,680
3,277
-417
3,820
23,597
13,571
362
9,664
2,970
1,949
4,745
29,987
2,144
2,129
1,999
4,207
35,839
21,513
12,736
1,491
3,918
3,368
29,946
18,994
2,184
4,501
4,267
52.5
29.9
9.9
10.3
2.4
76.8
43-7
12.8
16.8
3.6
79-9
44.9
10.4
19.1
5.5
60.5
33-3
6.9
15-3
5.0
57.2
41.4
*
in.2
4.6
1
2
3
4
5
21,513
29,946
-27
212
-10
52.5
-.1
2.0
.1
76.8
--1
1.2
.5
79.9
-.1
-1.5
.3
60.5
-.1
-1.4
.2
57.2
-.1
1.9
-4
6
7
8
9
50.5
26.2
1.2
23-0
2.4
9.8
10.9
75-2
41-4
1.3
32-5
3.6
12.0
17.0
81.2
47.3
1.1
32.8
5.5
9.3
18.1
61.9
35.4
1-1
25.-4
5.0
6.6
13-7
55.0
38.0
1.0
16.0
4.6
1.4
10.0
10
11
12
13
14
15
16
-30
540
-106
-1,027
-77
31,663
21,341
365
9,957
1,520
3,054
5,383
35,427
24,079
22,647
17,773
360
4,514
6,724
1,751
29,771
16,104
360
13,307
4,267
3,275
5,765
22,443
1,536
2,484
32,833
2,051
2,675
35,839
2,364
2,222
21,513
2,198
2,063
29,946
3,076
2,225
52.5
1-3
1.1
76.8
6.4
1-4
79.9
3-4
1-7
60.5
4.3
2.5
57.2 17
3.7 18
1.6 19
2,496
5,133
4,562
2,089
3,471
4,073
1,254
2,005
5,664
1,667
3,514
4,268
1,375
2,255
3,301
3,586
2,852
1,852
-.4
3.6
4.8
-.7
4.0
4.9
--6
7.2
3.6
3.8
10.2
3.4
6.5 20
5.3 21
7.1 22
13,523
5,515
3,829
3,496
208
125
8,790
2,401
2,514
2,414
-29
129
19,184
11,141
10,853
156
132
21,804
6,599
11,560
10,917
507
136
10,321
3,500
4,385
4,340
-94
139
16,355
6,401
7,510
7,416
-4S
143
42.1
S.8
27.6
23.6
3.9
60.8
16.8
37.4
31-8
5-5
.2
64.6
19.-8
32.7
n
6.5
3.7
.4
36.4
12.8
19.8
17-6
2.2
.1
33.0
3.8
32-3
29.5
2-3
.5
23
24
25
26
27
28
4,430
3,455
3,095
3,631
2,271
3,687
166
450
125
-100
-151
2,984
181
241
49
499
-79
2,622
125
302
46
400
-352
3,068
119
311
133
151
-137
,005
-23
245
44
250
-85
2,179
1,842
-38
325
50
375
-110
1.0
1.1
-,-5
.4
.7
1.5
-.9
.2
4.7
4.4
-.4
.7
5.4
4.9
*
1.5
*
1,7
3.9*
2.3
4-2
5.6
2-8
2.9
*
-.2
..1
-3.3
-4.8
29
30
31
32
33
34
35
36 (1) Beao: FHLB loans to s+1
2,284 -1,758
1,797
4,802
associations (included in "other loans" category).
212
6,920
1
10
11
12
13
14
15
16
Private nonfinancial sectors
Households
Nonprofit institutions
Nonfinancial business
Faras
Nonfara noncorporate
Corporate
17 Funds advanced by:
18
Households
19
St.+loc. govt. gen. funds
20
21
22
O.S. Governaent
Sponsored credit ag- (1)
Bortgage pools
23
24
25
26
27
28
Private finan. institutions
Coaaercial banking
Savings institutions
S*l associations (1)
Butual savings banks
Credit unions
29
30
31
32
33
34
35
Insurance
Life insurance coapanies
Private pension funds
St.+loc. govt. rtr.funds
Other insurance cos.
Finance coapanies
Beits
1,212
-13
4,900
376
10,972
1,735
2,513
3,368
-605
*
*
*
-1.9
.6
.2
Hoae Bortgages
1 Net borrowing
2
Households
3
Nonfara noncorp. business
4
Nonfin* corporate business
5
Savings • loan associations
17,895
24,400
-2,536
-2,536
-1,433
12,933
13,571
240
240
-1,118
25.107
21,341
1,277
1,277
1,212
25,015
24,079
198
198
540
12,736
17,773
-2,005
-2,005
-1,027
18,994
16,104
1,339
1,339
212
29.9
26.2
-9
-9
2.0
43-7
41.4
.6
.6
1-2
44.9
47.3
-.4
-.4
-1.5
33.3
41.4
35.4
-.3
-.3
-1.4
38.0
-7
.7
1.9
3
4
5
6 Net change in assets
7
Households
8
State and local governaents
17,895
1,449
1,669
12,933
939
1,917
25,107
1,983
2,162
25,015
1,973
1,786
12,736
929
1,852
18,994
1,461
1,950
29.9
3.0
.1
43.7
3.3
.1
44-9
3.0
.6
33.3
3.8
-7
41.4
3.0
.8
6
7
8
-.8
3.5
1.4
5.5
3.2
3.3
9
10
11
12
U.S. Governaent
Spons. credit agencies
Bortgage pools
Coaaercial banking
954
3,213
4,399
3,093
628
1,455
3,827
1,200
449
748
5,532
2,984
678
2,232
4,246
4,009
678
276
3,138
2,126
1,746
600
2,477
3,889
--6
2.1
4.3
5.7
-.6
1.8
4.3
9.0
11.0
6-6
13
14
15
16
Savings institutions
Savings and loan assns.
Butual savings banks
Credit unions
3,166
2,906
135
125
2,120
2,006
-15
129
10,384
10,150
102
132
10,017
9,550
331
136
3,698
3,620
-61
139
6,298
6,187
-32
143
17.7
16.4
1.2
27.5
24.6
2-7
.2
24.5
21.5
2.6
.4
14-7
13.9
-7
-1
17
18
19
20
Insurance
Life insurance coapanies
Private pension funds
St.+loc. govt. rtr. funds
869
657
75
137
1,251
946
178
127
343
200
50
93
65
-85
55
95
-66
-96
-59
89
383
253
-20
150
-2.3
-2.1
-.3
.1
-2.7
-2.3
-.4
-2.0
-1.9
-.2
.2
-1.4
-1-4
21
22
Finance coapanies
Beits
-928
11
-361
-43
558
-36
14
-5
100
5
200
-10
-.2
.2
.6
.4
A.2
.7
-1.2
-.2
11/81 BASED ON PBELIHINABY AND INCOHPLETE IMFOBBATIOi.
*
*
*
.1
2
4.1 9
2.5 10
7.3 11
2-1 12
24.5 -13
23.2
14
.8 15
.5 U
-1.9
-1.4
-.1
-.4
17
18
19
20
-.5 21
--5 22
AUGUST 2 4 , 1981
Mortgages - I
Mortgages - I
37
Hortgage Markets by Type of
SEASONALLY ADJUS1ED
ANNUAL
Mortgage
BATES
SEASONALLY ADJUSTED
1980
1976
1977
1978
1979
1980
|
Total
1
2
3
4
5
87.2
65.7
132.3
99.4
3.9
7.3
11.9
18.5
22. 1
5.7
7.1
6
7
8
9
87.2
-.1
1.7
.4
10
11
12
13
14
15
16
85.2
61,-5
129.3
93.0
147.5
107.6
.8
1.1
22.9
5-7
5.1
148.3
109.3
I
II
III
I
II
Mortgages
112.1 Net change in mortgages
Hone mortgages
70.7
Multi-family resid.
9.1
Commercial
ia.5
14.0
Farm
1
2
3
4
5
112.4 Borrowings by:
U . S . Government
-.1
Savings • loan associations
-1-7
Beits
6
7
8
9
155.9
112.5
121,-1
81.0
146.8
95.7
81-7
45.7
117.7
87-0
138.3
95.5
114.0
76.6
7.7
8.4
8.5
7-7
8.1
9.2
5-9
24.4
11.3
22.3
15.7
23.7
9.5
30.3
12-2
19.3
7.5
9.0
6.9
9.9
19.3
12.2
132.3
148.3
155.9
121.1
146.8
81.7
117.7
138,-3
-.1
3.1
-.1
.8
-.1
--1
-.8
-.1
-.1
-.1
-1.2
-4.4
-7.2
-.1
4.6
-.1
-.1
3.8
--4
157.2
114.6
122-1
83.4
151.2
104.2
89.0
64,7
113.2
80.9
135.1
83,8
117.0
77.6
114.2
76.7
1.3
1.5
1.5
1.5
1.4
1.5
1.5
1.4
1.4
35.2
38.7
45.6
12.2
49.8
7.5
9.0
41.1
11,3
37.3
7.1
8.5
38.0
12.2
36,-1
14.0
12,1
19,7
17
18
19
87.2
20
21
22
.4
2.9
4.2
3.5
4.2
6.6
7.5
9.7
7,5
4.8
8.0
12.2
13.6
14.4
24.0
14.1
18.6
16.7
21,. 4
14.2
17.7
11.0
20.0
14.6
15.2
17.2
8.9
27.1
62.7
13-7
3a. 2
37-2
81.4
24-1
45-9
44.3
71.2
22.7
34.4
33.5
57,9
25.9
21.1
20.4
.5
.5
1.1
.5
.4
.6
.2
.6
10.9
11-1
10.0
9.9
a-4
-.1
1.3
.2
1.4
-.4
7-6
1.3
*
9.3
. 1
*
*
*
22-9
30.9
6.8
9.0
1.0
6-9
7-7
20-7
26.6
12.9
16,-2
121.1
146.8
81.7
117.7
8.1
9-5
8.3
8.5
7.2
9.5
7.1
22.1
22.6
132.3
10.8
148.3
11.7
155.9
12.4
.6
2.3
6.3
5.2
9,. 9
8.6
138.3
10.3
8.9
12-2
23
24
25
26
27
28
62.9
15.1
49.3
44.4
97.2
27.7
64.9
58.2
104.3
35.1
59.2
51.6
92-1
30.6
47.3
43.1
63.3
19.4
29.0
27-7
82.1
30.4
31-0
28.9
4.4
.5
6.5
.3
7.1
.6
3.6
.6
.8
.5
1.6
.5
9,5
1.1
.4
.2
.5
29
30
31
32
33
34
35
2.6
2.4
10-2
14.2
12.6
14.6
12.4
19.7
16.7
14.9
13.0
12-9
11.1
-2
.1
-.4
5.8
5.2
.1
.3
-1
1.2
.9
.3
1.0
-3
1.0
-2.4
-1.1
-1.0
.7
1.8
.5
1.6
-.6
.8
1-0
.2
1.9
-.3
.5
1.2
.2
-.7
-3.8
.6
1.3
.4
1.0
-.7
*
*
Home
9.9
12.9
27.0
10.7
16.1
9.4
.3
.5
-1.4
8.7
.5
1.2
.5
1-0
-.5
114.0
-, 1
-2-6
-.3
*
6.8
5.6
*19.0
16.4
114.0
8.4
8.3
4.7
4.3
-.1
1.0
.2
3.3
-.3
112.4 F u n d s advanced by:
11.4
Households
St.+loc. govt. g e n . funds
8.9
13.4
11.9
6
7
8
81,-0
83.4
76-6
77-6
.7
.7
4,-6
4.0
4.0
3.8
.8
-8
-1-2
45.7
64.7
-5.9
-5.9
-7.2
95.5
83.8
-.8
-.8
-.8
95-7
104.2
-2.1
-2.1
-4.4
87.0
80.9
-.5
-.5
-2.6
6
7
8
65.7
99.4
109.3
112.5
81.0
95.7
45.7
87.0
95.5
76.6
5.0
.8
8.1
.2
8.7
1.9
9.0
4.7
6.3
7.5
5.8
6.7
3.8
7.7
7*9
8.6
7.9
7.1
3.7
7.4
2.5
6.4
4.1
-.7
.5
2.5
.5
1.9
9.0
2.3
9.2
2.7
7.6
4.0
9.5
2.0
7.2
1.7
5-3
3.2
8.5
11.9
12.4
24.1
22.8
20.0
18.0
11.3
20.8
19.6
16.7
19.4
5.3
7.0
15.1
13-2
-3.0
16.6
16.1
11.4
16.5
50.6
45.4
41.4
38.4
25.7
24.6
27.3
25.7
-.4
-1.1
35.4
34.5
40.5
39.3
30.7
29.8
16.2
15.5
.6
.5
1.1
.5
.1
-5
.3
.5
.6
.5
.4
.6
.1
.6
9.2
15.7
18.9
13
14
15
16
40.5
36.9
54.7
49.9
3.1
.5
4.5
.3
4.6
.6
2.4
.6
17
18
19
20
-1.6
-1.5
-1.3
-1.4
2.4
1.8
.3
.3
2.5
1.7
.4
.5
3.6
2.8
.3
.5
5.2
3.9
.8
.5
1.8
1.2
.2
.4
-.4
-.9
.1
.4
-.1
-.2
-.2
.4
1.7
1.1
.1
-.1
-.3
.3
-.1
21
22
.4
-.2
.4
-.2
1.1
-.2
1.1
-.2
-.7
-.1
-1.7
-1-6
-.1
-.1
.5
2.7
• 7
29
30
31
32
33
34
35
70.7 Net change in assets
Households
5-8
State and local governments
7.8
112.5
114.6
.5
.5
.8
11/81 BASED ON I N C O M P L E T E
Insurance
Life insurance companies
Private pension funds
St.+loc. govt, rtr.funds
Other insurance c o s .
F i n a n c e companies
Beits
23
24
25
26
27
28
1
2
3
4
5
109.3
107.6
1.7
1.7
3-1
BILLIONS OF D O L L A B S .
Private finan- institutions
C o m m e r c i a l banking
Savings i n s t i t u t i o n s
S+l associations (1)
Mutual s a v i n g s banks
Credit u n i o n s
20
21
22
70.7 Net borrowing
Households
76.7
Nonfarm noncorp.. business
-2.2
Nonfin. c o r p o r a t e business
-2.2
Savings • loan associations
-1.7
99-4
93.0
*
(1)
17
18
19
Mortgages
1.2
1.2
1,7
*
tt.S.- Government
Sponsored credit ag.
Mortgage p o o l s
10
11
12
13
14
15
16
27.5 (1) Memo: FHLB loans to s+l
{included in "other l o a n s " c a t e g o x y ) .
65.7
61.5
-.1
Private n o n f i n a n c i a l s e c t o r s
Households
Nonprofit institutions
Nonfinancial business
Farms
Nonfarm n o n c o r p o r a t e
Corporate
13.8
8.5
associations
1
2
3
4
5
9
10
11
12
ANNUAL .RATES
1981
*
INF01MATI0M.
-.2
*
*
*
.6
*
0. S. Go v ern ment
S p o n s . credit agencies
Hortgage pools
Commercial banking
9
10
11
12
Savings i n s t i t u t i o n s
Savings and loan a s s n s .
Mutual savings banks
Credit unions
13
14
15
16
Insurance
L i f e insurance companies
Private pension funds
St.+loc- govt, rtr- funds
17
18
19
20
Finance
Beits
21
22
companies
AUGUS1 24,. 1981
Hoctgages - II
38
Mortgages * II
Mortgage Markets (Continued)
UNADJUSTED MET FLOMS ($ Mill.}
UNADJUSTED MET FLOWS ($ Mill.)
1980
II
III
I¥
J
I
1981
I
II
1971
BILLIONS CF DCL1ABS
1972
1973
1974
1975
Hulti-faaily Residential Mortgages
1,999
1,392
640
-4
-29
2,408
1,677
788
-35
-22
1,491
1,039
507
-25
-30
2,184
1,521
693
-3
-27
1,843
109
388
1,999
118
451
2,408
143
329
1,491
84
178
2,184
134
200
1 Net borrowing
2
Nonfara noncorp. business
3
Nonfin. corporate business
4
Beits
5
U . S . Government
2,136
1,487
671
-1
-21
1,843
1,275
601
-1
6 Net change in assets
7
Households
8
State and local governments
2,136
89
286
-32
9.9
8.0
1-9
--1
9.9
1.1
•7
.4
.8
.1
12.8
9.9
2.8
.2
-.1
10.4
7-9
2.5
.1
-.1
6.9
5.5
1-4
.1
-.1
12.8
.6
1.0
10.4
-1.0
.9
6.9
-.1
1.4
.3
1.0
.3
1.8
.3
1.8
.2
1-2
9
10
11
12
O . S . Government
Spons. credit agencies
Mortgage pools
Conaercial banks
435
42
158
377
806
-62
231
207
167
86
204
233
450
102
144
307
436
-19
135
163
597
-10
-7
297
13
14
15
Savings institutions
Savings and loan assns.
Mutual savings banks
304
268
36
126
133
-7
425
399
26
474
385
89
312
329
-17
554
562
-8
5.5
3.7
1.8
4.7
3.4
.1.3
16
17
18
Life insurance companies
Private pension funds
St.+local govt. r t r . funds
316
-20
225
-306
-27
54
73
25
161
257
29
108
64
-37
98
279
-10
125
.7
--3
.3
19
20
Finance companies
Beits
-7
-69
302
15
202
-146
124
-59
125
-48
75
-50
*
-.3
.7
1
2
3
4
5
6
7
8
.2
.6
1.2 9
.2 10
.4 11
-1.7 12
3.3
1.8
1.4
1.7
1.0
.7
2-6 13
1.7 1-4
-9 15
.6
-.3
-.1
1.1
-.1
-.1
1.2
.1
16
17
.2 J8
1.2
.9
.9
2.0
.4
2.4
-1-3
.2
-.8 19
-2.6 20
•7
.7
*
-.3
.3
.1
-.1
2.2
*
*
*
Coaaercial Mortgages
1 Net borrowing
2
Households
3
Nonfara noncorp. business
4
Npnfin. corporate business
5
Beits
6,679
365
632
5,685
-3
4,697
362
434
3,904
-3
4,207
365
385
3,466
-9
6,681
376
638
5,738
-71
3,918
360
361
3,249
-52
4,501
360
415
3,733
-7
10.3
1.2
-9
8.1
.il
16.- 8
1.3
1.5
13-6
.3
19.1
1.1
1.8
16.1
-2
15-3
1-1
1-4
12.6
.1
11.2
1.0
1.0
9.0
.3
6 Net change in assets
7
Households
8
State and local governments
9
O . S . Governaent
10
Coaaercial banking
6,679
222
110
402
2,036
4,697
216
105
261
1,117
4,207
198
-18
264
1,516
6,681
239
60
253
2,062
3,918
176
-2
179
1,094
4,501
203
50
275
2,000
10.3
-1.8
.2
.1
3.0
16.8
1.1
-3
-.2
5.4
19.1
-.9
.2
-.1
6.9
15.3
-.9
-3
1.4
5.0
11-2 6
-.3 7
* 8
.5 9
3-1 10
359
322
37
268
275
-7
331
304
27
1,069
982
87
375
391
-16
658
667
-9
4.5
3-4
1-0
5.1
3.7
1.4
4.9
3.2
1.7
3*4
2-6
-8
5.3 11
4-6 12
-7 13
2,481
113
89
125
2,075
30
69
49
2,302
50
48
46
2,781
35
109
133
1,938
73
58
44
2-5
.1
3.1
-.2
.1
4.9
4.8
50
50
3-9
-1
.3
-1
835
-93
558
-51
-360
-170
13
-73
25
-42
100
-50
11
12
13
Savings institutions
Savings and loan assns.
Mutual savings banks
14
15
16
17
Life insurance coapanies
Private pension funds
St.*local govt. r t r . funds
Other insurance coapanies
18
19
Finance coapanies
Beits
*
*
*
*
*
.5
*
.5
•
.5
1-2
-3
1.7
-2
2.5
.6
3.6
1.4
5-5
2-3
5.0
1.4
.2
1
2
3
4
5
14
15
16
17
* 18
-1.8 19
Fara Mortgages
1 Net borrowing
3,277
2,970
1,520
1,735
3,368
4,267
2 Net change in assets
3
Households
4
State and local governaents
3,277
384
64
2,970
272
74
1,520
-248
80
1,735
9
47
3,368
1,009
35
4,267
1,278
25
2,-4
1.2
5
6
7
O.S- Governaent
Sponsored credit agencies
Mortgage pools
705
1,878
5
394
2,078
15
374
1,171
-72
286
1,180
-122
82
1,998
28
968
2,262
-618
-.3
.7
.4
-.1
1.2
-3
1.9
.2
8
9
10
11
Coaaercial banks
Mutual savings banks
Life insurance coapanies
St.+local govt. rtr. funds
117
215
-4
-.1
.6
-7
99
137
233
-1
269
-9
167
1
47
11/81 BASED ON PRELIMINARY AND INCOMPLETE INFORMATION.
115
-1
*
*
*
*
*
*
.1
*
*
*
.3
•1
*
-2
2.5
*
.6
*
-3
-.1
4-6
1.4
*
-7
2-6
-.6
-3
2
3
4
5
6
7
8
9
.4 10
-.2 11
*
AUGUST 2 4 , 1981
Mortgages - II
mortgages
Mortgage Markets
(Continued)
SEASONALLY ADJUSTED ANNUAL BAIES
SEASONALLY ADJUSTED ANNUAL BATES
1980
1976
1977
1978
• II
39
1979
1980
|
II
I
1981
III
I
II
Multi-Family Residential Mortgages
1
2
3
4
5
3.9
2.7
1.2
.1
-.1
-.1
-.1
-.1
-.1
6
7
8
3.9
.2
.3
7.3
.4
.3
9.3
.6
.2
7.7
.5
1.2
8.4
.5
1.5
8.5
.4
1-1
7.7
.4
1.6
9
10
11
12
.2
-.1
.5
2.2
.3
.1
.9
1.1
.9
1.5
1.1
1.1
.2
1.1
.9
1.9
.2
.7
1.1
1.7
.2
.6
1.5
13
14
15
3.3
2.9
.4
5.2
4.1
1.1
4.8
3.5
1.2
2.2
1.5
.6
1.3
1.2
.1
16
17
18
-.5
-.4
.2
-.1
.6
-3
,3
-.2
.6
.5
19
20
-.5
-1.7
.3
-.8
.1
-.5
-.1
-.2
.6
-.3
*
*
7.3
5.1
2.3
*
*
*.3
6.5
2.9
*
*
7.7
5.4
2.4
*
*
8.4
5.8
2.7
8.5
5.9
2.7
7.7
5.1
2.7
8.1
5.6
2.6
9.2
6.7
2.7
-.1
-.1
-.1
-.1
9.1 Met borrowing
6. 1
N o n f a n noncorp. business
3.2
Nonf in. corporate
business
*
Beits
-.1
U . S . Governnent
8.1
.5
1.8
9.2
.6
1.3
5.9
.3
.7
9.1 Met change in assets
.5
Households
.8
State and local governments
3.2
-.2
,9
.7
.3
1.8
.4
.6
1.2
1.7
-.1
.5
.7
2.4
*
*
1.2
U . S . Government
Spons. credit agencies
Mortgage pools
Commercial banks
9
10
111
12
1.2
1.1
.1
.5
.5
1.7
1.6
.1
1.9
1.5
1.2
1.3
-,1
2.2
2,2
*
Savings institutions
Savings and loan assns.
Mutual savings hanks
13
14
15
1.3
-.1
.9
-.9
-.1
.2
.6
.2
,4
.2
-,2
.4
1.5
*
.5
Life insurance companies
Private pension funds
St-• local govt, rtr, funds
16
17
18
1.2
-1
.5
-.2
.5
-.2
.3
-.2
Finance companies
Beits
19
20
23.7
fl.5
2.2
20.2
-.3
19.3
4.4
1.8
16.3
-.2
18.5 Net borrowing
1.4
Households
1.7
Nonfare noncorp. business
15.4
Nonfin. corporate business
*
Beits
19.3
.7
18.5 Met change in assets
.8
Households
.2
State and local governments
1.1
U . S . Government
7.5
Commercial banking
*
*
Coanercial
5,9
4.2
2.0
Mortgages
1
2
3
4
5
11.9
.8
1.1
9.7
.3
18.5
1.1
1.7
15.7
22.1
1.3
2.1
18.7
.1
24.4
1.5
2.3
20.6
22.3
1.5
2-1
18.8
-.1
30.3
1.5
2.9
26.0
19.3
1.4
1.8
16.1
15.7
1.5
1.4
12.8
6
7
8
9
10
11.9
.7
18.5
.9
22.1
1.2
24.4
1.1
.2
22.3
,9
.3
1.2
6.7
30.3
,9
.4
1.6
9.1
19.3
.9
.4
1.0
4.0
-.1
1.1
5.2
23-7
1.0
.2
1-0
8.6
11
12
13
5.6
4.6
.9
5.0
4.2
2.0
1.9
.1
2.4
2.1
.3
1.0
.9
.1
1.1
1.0
.1
3.6
3.4
,1
.7
5.3
2.4
2.3
.1
14
15
16
17
3.7
.1
.2
.1
5.5
.1
.4
.1
9.6
.2
.3
.4
11.6
.5
.4
.5
9.3
.1
.3
.2
9.1
.2
.2
.2
8.5
-1
.4
.5
9.5
.3
.2
.2
.2
.2
18
19
-.3
-1.8
1.0
-.4
3.3
-.4
2.2
-.2
-1.4
-.7
.1
-.3
-1
-.2
.4
-.2
.6
6.6
*
.6
9.2
3.9
2.7
1.2
3.8
3.1
.6
-.3
-.5
*
2.7
2.6
.1
1
2
3
4
5
£
7
8
9
10
Savings institutions
Savings and loan assns.
Mutual savings banks
11
12
13
Life insurance companies
Private pension funds
St.*local govt, rtr* funds
Other insurance companies
14
15
16
17
Finance companies
Beits
18
19
Farm Mortgages
5.7
1.7
.1
.6
2.5
-.2
1
14.0 Net change in assets
4.2
Households
.1
State and local governments
2
3
4
3,5
7.9
-2,5
U . S . Government
Sponsored credit agencies
Mortgage pools
6
7
Commercial banks
Mutual savings banks
Life insurance companies
St.*local govt. r t r . funds
8
9
10
11
7.5
1.3
-1
11.3
1.9
.2
9.5
.4
.3
12.2
1.2
.3
9.0
.2
.3
6.9
-.6
.3
9.9
.9
.2
12.2
3.7
.1
2.9
-.5
3.2
-.3
2.3
5.0
.1
1.8
6.3
-.2
2.4
7.0
1.2
7.3
-1
1.3
5.3
-.3
2.1
5.6
-.5
-.3
7.4
.1
.3
.2
-.7
.5
1,0
.7
.7
.7
1.1
—
—
.7
.4
—
.5
—.5
.1
9
10
11
BILLIONS OF DOLLABS.
14.0 Net borrowing
7.1
1.3
*
11/81 BASED ON INCOMPLETE INFOBHAIIOH.
*
5
AUGUST 2 4 , 1981
Consuaer Credit and Bank Loans N.E.C.
Consuaer Credit and Bank Loans
C o n s u a e r Credit and Bank L o a n s Not E l s e w h e r e
UNADJUSTED
NET FLOWS
UNADJUSTED
($ MILL.)
1980
II
1981
III
IV
J
I
II
Consuaer
N.E.C.
Classified
NET F L O P S
($ HILL.)
1971
BILLIONS OF DOLLABS
1972
1973
1974
1575
Credit
-3,866
-2,927
-939
-6,298
-5,065
-1,233
4,550
2,600
1,950
7,921
6,808
1,113
-2,484
-2,669
185
9,280
7,691
1,589
14.7
11.1
19.8
14.9
24.3
20.2
3.6
4.9
4.1
9.9
9.5
.4
S-6
7-?
1-9
4 Net change in assets
5
Installaent credit
6
Honiara n o n c o r p . business
7
Nonfin. c o r p o r a t e business
8
Coaaercxal banking
9
Sayings and loan a s s n s .
10
Mutual s a v i n g s banks
11
Credit u n i o n s
12
F i n a n c e companies
-3,866
-2,927
-233
-1,548
-1,830
194
-137
-787
1,414
-6,298
-5,065
-143
-419
-4,464
205
16
-2,735
2,475
4,550
2,600
32
1,509
-1,521
443
121
567
1,449
7,921
6,808
254
1,692
-597
645
95
479
4,240
-2,484
-2,669
-151
-1,029
-3,868
547
11
171
1,650
9,280
7,691
28
58
1,4,13
657
3
1,474
4,058
14.7
11.1
19-8
14-9
24.3
20.. 2
9-9
9-5
--2
.7
6.3
.1
.1
1.8
2.3
-.2
.1
9-5
--4
-1
2.2
3.6
.1
.5
•
9.6 4
7-7 5
-.1 6
* 7
2-9 8
-5 9
.2 10
3-8 11
.4 12
13
14
15
16
17
18
-939
391
-436
-1,131
297
-60
-1,233
-207
-200
-1,129
296
7
1,950
166
339
1,075
317
53
1,113
205
661
-125
331
41
185
734
-173
-705
34$
-17
1,589
452
366
301
456
14
3.6
.5
.5
2-4
.2
4.9
-8
.8
3.1
.2
1 Net change in l i a b i l i t i e s
2
Installaent credit
3
Noninstallaent c r e d i t
(hh)
Noninstallaent credit
Nonfara n o n c o r p . business
Nonfin. c o r p o r a t e business
C o a a e r c i a l banking
Savings and loan a s s n s .
Mutual s a v i n g s banks
*
*
.7
-2
2.7
4.6
.3
4.1
-7
.2
2-3
1-9
4.1
1.2
1.0
1-2
.5
-4
-7
-3
-.8
.2
11.4
*
*
1-9
-9
.4
.2
.4
*
1
2
3
13
14
15
16
17
18
Bank Loans Not Elsewhere Classified
Total loans at coaaercial
1
banks, flow of funds basis
2,662
-4,834
15,550
31,355
-3,420
35,387
5,490
•2,961
•3,000
•1,478
4,611
2,372
-5,593
-33
2,237
-3,817
4,879
-446
-724
399
11,442
6,574
-722
4,911
-174
20,766
3,480
-4,573
-1,449
-111
-767
6,380
1,714
2,941
2,135
22,217
9.6
8.7
.8
.2
10.6
16.8
12.7
4.7
-.3
25.5
19-6
12.6
-2.9
-1.5
43.1
12.3
3.4
-2.1
1.6
34-1
3-1 3
2.2 -4
11.1 5
-12.9 6
-184
1,219
5,646
184
1,328
-2,305
100
5,604
17,146
-200
7,366
27,932
-86
-1,135
-1,988
-354
582
22,445
-.1
.5
11.0
-.2
.8
26.1
1.7
4.0
48.8
-9
6-3
41.3
-.5
1.2
-12.2
-
-
-1,988
-
-
27,932
-
-
17,146
-
-
-2,305
-
-
5,646
22,445
11.0
26-1
48-8
41-3
- 10
-12.2 11
5,646
5,081
-1,409
-524
1,071
7,417
-2,305
-647
1,002
550
-171
-3,628
17,146
16,860
2,073
539
-92
9,384
27,932
27,579
3,923
-32
1,107
16,136
-1,988
-434
-182
-208
997
809
22,445
21,101
433
1,876
907
10,129
11.0
9.1
1.2
1.3
.7
4.2
26-1
20.1
1.1
1.8
1.2
12.4
48.8
39.8
3.4
2.9
1.1
29.6
41.3
36.6
1-6
1.1
-1-0
30.9
-12.2
-8.5
-1-2
2.0
-2-0
-9-2
- Loans elsewhere classified:
2
Mortgages
3
Consuaer credit
4
Security credit
5
Open-aarket paper
6 = Bank loans nee at c o a l . bks.
• Bank loans n . e . c . at other
banking s u b s e c t o r s :
7
Doaestic affiliates
8
Foreign banking o f f i c e s
9 = Banking sector total bank
loans n.e.c.
10 * Loans by F.B. banks
11 = Total bank loans n.e.c.
12 Net change in liabilities
Nonfinancial sectors
13
Households
14
15
Fara business
Nonfara noncorp. business
16
Corporate business
17
3-7
2
7
8
9
12
13
14
15
16
17
18
19
20
21
Foreign
Official institutions
Banks
Other
-1,474
567
-2,137
96
1,600
1,354
1,451
-1,205
4,956
774
2,540
1,642
6,445
1,849
2,824
1,772
-1,850
-913
-3,469
2,532
7,756
2,142
4,826
788
1.7
.2
.9
.6
3.7
.2
1.1
2.4
2.8
.4
1.6
.7
4.0
.3
2.0 18
.3 19
3.(1
i.H
20
- 7 21
22
23
24
25
Financial sectors
Savings and loan assns.
Finance coapanies
Beits
565
-147
896
-184
-1,658
-879
-270
-509
286
1,566
-845
-435
353
-301
1,236
-582
-1,554
-312
-1,625
383
1,344
187
1,264
-107
1.9
.7
.6
.6
6.0
.4
4.2
1.3
9.0
.4
4.6
4.0
4-6
-.4
-7
4.4
11/81 B A S E D 01 FBELIHINABI AND INCOMPLETE
IIFOBHATIOH.
.6
-3-7
-.3
-2-8
-.6
22
23
24
25
AUGUS1 24, 1981
Consumer Credit and Bank Loans N.E.C.
Comsumer Credit and Bank Loans N-E-C.
41
Consumer Credit and Bank Loans Not Elsewiiere Classified
SEASONALLY ADJUSTED ANNUAL BA1ES
1976
1977
1978
SEASONALLY ADJUSTED ANNUAL RATES
1979
1980
|
|
1980
I
II
III
IV
|
|
1981
I
II
Consumer credit
1
2
3
25.4
21.5
3.9
40.2
34.9
5.3
47.6
41.9
5.7
46.3
39-2
7. 1
2.3
1.4
.9
23.2
21.8
1.4
-33.4
-28.8
-4.6
8-3
-.1
8.4
4
5
6
7
8
9
10
11
12
25.4
21.5
47.6
41.9
46.3
39.2
.5
10.8
1-0
.2
5.5
3.6
40.2
34.9
-.1
.6
18.6
1.3
.3
6.4
7.7
23.2
21.8
-.2
.4
4.6
1.3
-.5
.1
16.1
-33.4
-28-8
-.4
-1.3
-22-8
1.2
.1
-12.6
7.1
13
14
15
16
17
18
3.9
1.2
1.3
1.2
.1
.2
5.3
1.1
.3
3.6
.2
.1
5.7
1.4
1.2
2.5
.3
.2
1.4
.8
2.4
-2.8
1.2
-.2
-4.6
.4
-2.1
-4.2
1.2
*
*
•
1.7
18-2
1.3
.5
6.7
11.3
15.7
2.3
1-4
-.1
1.2
-8.4
1-5
.1
-2.5
9.6
7.1
1.8
1.1
1.7
2.4
.9
.6
.4
-1.3
1,2
*
-.2
23.6
*
2.2
*
*
*
11,. 1
12.7
-1.6
27-5
23,9
3.6
30-9 Net change in liabilities (Ah) 1
22-4
Installment credit
2
8*5
Noninstallment credit
3
8.3
-.1
.1
3.7
-11-9
1.3
.5
-4
5.8
11.1
12.7
*
2.1
-3.6
2.2
.4
2.3
9.3
27.5
23.9
.2
3.4
-3.0
2.1
*
4-1
16.4
30.9 Net change in assets
4
22.4
Installment credit
5
.4
Nonfarm noncorp. business
6
1.0
Nonfin, corporate business 7
1.0
Commercial banking
8
3.1
Savings and loan assns.
3
*
Mutual savings banks
10
3.5
Credit unions
11
13.5
Finance companies
12
8-4
2.1
1.6
3.3
1.3
.2
-1.6
-1-1
-.4
-1.6
1.3
.2
3.6
1.9
1.6
-1.2
1-4
--1
8.5
2.8
1,7
2.1
1.8
.1
123.1
Noninstallment credit
Nonfarm noncorp. business
Nonfin, corporate business
Commercial banking
Savings and loan assns,.
Mutual savings banks
13
14
15
16
17
18
Bank Loans Not Elsewhere Classified
74.3
-41.6
50.7
95.5
48,2
lotal loans at commercial
banks, flow o£ funds basis
2
3
4
5
6
15.1
12.0
6.2
3.2
3.1
27.6
22.3
1.8
.2
24.1
35.3
26,2
-3.0
-2.3
41.8
30.6
19.9
-.8
1.6
37.9
19.3
-9.7
1.2
1.0
33.0
30.31.9
-3.7
1.8
44.0
9.4
-27.0
-6.4
3.5
-21.1
13.6
-8.6
-.7
2.3
44.2
24,0
-5.1
15.5
-3.7
65.0
22,6
-4.2
1.9
7,3
20.6
7
8
9
-.3
3.5
6.2
.6
4.7
29.5
-1-0
18.1
5S.0
-.1
13.2
51.0
-.1
15.5
48.4
-.7
5.5
48.8
.7
10.8
-9.6
,4
19.6
64,2
-,8
26.1
90.3
-,3
-4.0
16.3
10
11
6.2
-
29.5
-
59.0
-
51.-0
-
48.4
-
48.8
-
-9,6
-
64.2
-
90,3
-
16.3
- loans elsewhere classified:
2
Mortgages
25.8
3
Consumer credit
3,1
4
Security credit
4.6
5
Open-market paper
1.5
88.1 = Bank loans nee at coml- bks. 6
+ Bank loans n.e,c. at other
banking subsectors:
7
Domestic affiliates
-1,4
8
Foreign banking offices
9.1
95,7 = Banking sector total bank
9
loans n.e.c.
10
• Loans by F.B. banks
11
95.7 = Total bank loans n,e,c.
12
13
14
15
U
17
-
-
3.0
-3.6
5.0
29.5
29.7
2.5
2.5
.9
20.8
59.0
56.2
4.1
2.5
.3
30.3
51.0
51,4
1.8
2.8
.6
43.9
48.4
48.9
5,6
.5
1.9
29.3
48.8
37.7
1.0
.8
2.4
30.9
-9,6
1.5
3.6
-.9
.6
-11.4
64.2
62.4
6.6
.8
1,0
41.1
90.3
93-9
11.1
1.4
3.7
56.6
16-3
13,9
5.8
2.4
1.6
1.8
35.7 Net change in liabilities
Nonfinancial sectors
95.0
Households
1.9
Farm business
4.4
Nonfarm noncorp, business
5.0
Corporate business
48,9
18
19
20
21
5.6
.9
4.2
.5
3.1
.1
2.7
.3
19.1
2.1
9.5
7,4
2.3
2.1
-4.1
4.2
11.5
4.5
4.7
2.3
2,5
2.3
-.4
.7
9.6
5.4
5.0
-,8
12,9
3.1
6.2
3.6
21.1
7,4
8.0
5.7
2.3
-3.7
-5.1
11,0
34-9
8.6
18.2
8.1
Foreign
Cfficial institutions
Banks
ether
18
19
20
21
22
23
24
25
-3.7
.2
-2.1
-1.9
-.3
1.4
.7
-2.4
2.8
.3
3.9
-1.4
-.4
2-0
-1.0
-1.4
-.5
.2
1.0
-1.7
11-1
1.5
10.4
-.7
-11.1
-3.2
-5,9
-2.0
1.8
5.1
-1.5
-1.7
-3-7
-2.4
1.0
-2,3
2.4
1.1
-.2
1.5
.7
1.2
--1
-.4
Financial sectors
Savings and loan assns.
Finance companies
Beits
22
23
24
25
12
13
14
15
16
17
6-2
9.9
*
BILLIONS OF DOLLARS.
11/81 BASED ON INCOMPLETE INFORMATION.
AUGUST 2 4 , 1981
otaer Loans
Other
Open-Harket
UNADJUSTED
NET FLOWS
($
Paper and Other
HILL.)
UNADJUSTED MET FIOBS
1980
I
II
III
IV
|
1
1981
II
I
Open-Market
1 Total net i s s u e s , all types
Commercial paper
2
Nonfinancial c o r p o r a t i o n s
3
F i n a n c i a l business
4
Commercial banking
5
Finance companies
6
Beits
7
8
9
10
11
12
Bankers acceptances
Nonfinancial business
Noncorporate
Corporate
Foreign
13 Net p u r c h a s e s , by sector
Households
14
N o n f i n . c o r p o r a t e business
15
Foreign
16
17
18
19
20
21
Sponsored credit agencies
Monetary authority
Commercial banking
Savings + loan associations
Mutual s a v i n g s banks
22
23
24
Life insurance companies
Mutual f u n d s
Money market f u n d s
11,938
7,278
7,091
187
2,120
-1,820
-113
9,821
4,620
5,747
-927
-1,468
-3,535
-4,072
-76
537
438
155
-56
5,001
122
-973
19,603
15,184
6,217
8,967
3,090
5,875
17
15
6,873
1,374
2,067
97
381
191
190
70
35
35
-173
707
706
3,247
4,620
1,997
-87
-86
270
11,938
1,835
2,845
9,821
-5,491
-1,466
-3,813
1,101
-162
393
495
597
1,467
1,643
138
742
152
671
202
-501
-284
126
1,985
1,053
277
227
96
4,660
1,413
-.1
-.9
-.9
-.1
-.4
1.6
2.6
.7
1.9
.7
-1-3
2
-.5
.8
4,419
-391
-196
-195
4,810
.8
.5
.3
.3
-3
-1.0
14,576
-1,559
1,200
-936
19,603
4,048
-.1
1.6
-3.8
-1.7
3.0
3,179
1-9
-.2
-107
-478
33
-
687
687
5,499
489
(S MliL.J
1975
2-5
.1
*
*
-1.0
-. 1
.4
-.2
-.2
.5
-.1
8-3
6.4
1.4
4.9
2.2
2.0
.7
,17.7
7.9
4.1
3-8
3,-5
3.6
-3.3
-1.2
-1.8
-2.9
1.1
.3
.6
.1
1
2
3
4
5
6
7
.6 8
-3 9
.2 10
.2 11
.3 12
2-0
1.1
.5
.5
.9
9-8
2.5
1,3
1-3
7-3
8.3
9.1
.6
.3
17-7
1-7
4.1
6.6
-.2
.9
-9
2.2
-.2
.1
.1 17
. 1 18
1. 1 19
-9 20
.1 21
1.2
1.1
-.4
.6
-7 22
-.2 23
-.1 24
-1-2
-4.4
3-1
-2.6
13
14
15
16
-187
628
127
-44
-298
2,184
-203
-228
1,351
552
364
.2
.3
1.0
-2
-655
894
2,782
-836
647
-552
10,169
824
252
600
100
.6
-.3
.2
--3
-4,053
-700
2,471
-1,139
14,683
"
"
1.3
.7
.7
4.2
.6
3.6
5.0
.9
4.1
4,8
-1-0
5.8
3.7 (1
-.1 2
3-8 3
3.2
.4
2-5
.4
4-4
.2
.4
1.5
.3
.3
5.6
.5
-1
.5
1.5
-7
1.6
-7
6.9 4
.5 5
.8 6
1.5 7
-2 8
.2 9
2.8 10
.9 11
-533
-1,498
1,073
6,847
204
76
9,107
Other
1 Finance c o . loans to b u s i n e s s
2 L i a b . : Noncorporate b u s i n e s s
Nonfin. c o r p . business
3
1,037
-164
1,201
403
198
205
-3,365
-776
-2,589
5,374
1,095
4,279
4 U . S . Government loans
5 L i a b . : Households
Farm business
6
Nonfarm n o n c o r p . b u s .
7
Nonfin. c o r p . business
8
St-+local governments
9
10
Foreign
Spons- credit agencies
11
4,424
3,255
237
703
4,879
5,918
1,088
1,629
1,648
5,332
123
227
401
387
4,523
3,933
444
1,324
1,156
440
65
867
304
925
397
359
1,608
1,094
1,081
1,203
-
-
-
-
-
12 Sponsored credit agency l o a n s
13 L i a b - : Farm business (ficb)
Noncorp. b u s i n e s s (be)
14
S+l a s s n s . (FH1B)
15
4,075
2,738
5,230
-802
1,230
4,802
1,264
2,284
-1,613
1,430
-1,285
-1,758
16 Policy loans (hh liability)
17 A s s e t : U . S . Government
Life insurance c o s .
18
2,098
2,522
834
5
829
1,230
1,821
925
250
52
970
821
28
40
2,070
2,482
256
685
1,797
11/81 BASED ON PRELIMINABI AND INCOMPLETE INFORMATION.
436
-100
1,153
381
448
937
25
1,205
5,582
404
482
802
270
212
1
1,820
*
-1.3
-1.3
-.1
*
~
Loans
-167
1,107
1971
BILLIONS OF D O L U S S
1974
(1973
1972
Paper
14,576
7,703
4,342
3,361
-176
3,522
1,101
1,004
-3,833
4,837
2,881
1,939
Loaa*
Loans
609
1,595
1,199
*
.4
•
1,141
.2
.4
1.8
.1
.2
,3
1.5
-
-
-
-
8,277
1,857
-500
6,920
-2.0
-8
-4
.3
-2-7
8-5
1.1
.3
7.2
1,275
1.0
6
1,269
.7
*
*
1.0
*
1.0
*
-9
1,-7
2.2
•
2.2
9-3
1.7
1.0
6-7
2.7
*
2.7
-2.4
1.1
.4
-4.0
12
13
14
15
1.6 16
* J7
1.6 18
AUGUST 2 4 , 1981
Other Loans
Other Loans
43
Open-Market
SEASONALLY A D J U S T E D ANNUAL
1976
1977
1978
SEASONALLY ADJUSTED ANNUAL
1979
1
2
3
4
5
6
7
8.1
3.6
1.4
2.2
-.8
3.3
-.3
15.0
11.3
26.4
17.3
40.5
27.2
1.6
9.6
1.3
8.4
2.7
9.0
14.6
18.2
6.7
7.8
.1
13.5
8
9
10
11
12
4.5
2.6
1.3
1.3
1.9
3.7
1.3
.6
.6
2.4
13
14
15
16
8.1
15.0
-3.1
9.8
-.1
4.4
17
18
19
20
21
22
23
24
5.0
2.7
*
-.1
3.7
-.1
.4
.4
-1.1
.4
.2
*
.3
-.3
*
-.3
1.1
.1
Loans
BATES
|
J
1980
1980
I
II
III
IV
30.3
11.4
16.9
-5.6
-2.3
-12.4
10.1
|
|
1
II
I
49.2
26.7
22.8
21.1
4.6
1.5
2.5
59.1
27.6
11.2
16.4
.1
9.6
4.9
4.6
5.6
-.7
-.2
9.1
2.5
1.2
1.2
6.6
13.3
11-8
22.5
18.9
6.9
2.1
1.0
1.0
1.7
.8
.8
9.5
4.8
4.8
.4
-2
.2
-1.1
11.2
10.1
13.0
18.5
1.1
22,0
26.4
16.3
40.5
21.4
-7.6
49.2
30,3
-26.8
4.6
1-5
-1.8
5.1
5-6
2.9
4.7
-5.8
-1.4
59.1
-10.5
2.7
-2.0
-1,1
-1-1
1*0
4.9
1.6
-2.1
.2
7.9
-1-2
-.4
-1.3
.4
-.7
1.5
1.1
2.6
4.5
7.5
3-9
6-9
BATES
1
Paper
Open-]
*
Paper and Other
3.9
8.5
-4.2
-5.7
-.5
-.3
1.8
8.6
-.2
4.0
8*9
6.7
3.9
4.4
*
.5
.1
.1
2.2
.7
1.9
.1
1.8
1.5
1.7
1.6
-.2
2.2
1.2
-5.7
2.9
2.6
15.6
12-3
27.4
-2,2
40.7
.6
-*7
1.7
2.4
1.3
2*5
1.2
-*2
-.6
-.6
8.0
-7.6
10.1
11.5
-1.5
-.7
17.1
.1
.1
-1.0
-2.1
-1.0
-1.0
31,5
.7
1,2
9.5
4.8
4.8
1.8
1.8
-.4
-,5
8.0
.8
5.7
-2.9
6.1
3.3
5.4
1.0
6.9
-16.2
-2.8
*
.7
-4,6
58.7
67.9 Total net i s s u e s , all types
C o a a e r c i a l paper
51,7
Nonfinancial c o r p o r a t i o n s
17.4
Financial business
34.3
12.4
Commercial banking
Finance c o m p a n i e s
21,9
*
16*2
-3.0
-1.5
-1.5
19.2
Beits
Bankers acceptances
Nonfinancial business
Noncorporate
Corporate
Foreign
1
2
3
4
5
6
7
8
9
10
11
12
67.9 Net p u r c h a s e s , by sector
Households
12.2
Nonfin.. corporate b u s i n e s s
5.2
Foreign
12.1
13
14
15
16
.1
-3-3
1.7
-.1
1.4
Sponsored credit a g e n c i e s
Monetary authority
Coaaercial banking
Savings + loan a s s o c i a t i o n s
Mutual savings b a n k s
17
18
19
20
21
1.6
.4
36.4
L i f e insurance c o a p a n i e s
Mutual f u n d s
Money aarket f u n d s
22
23
24
.„„.*
Other
Loans
1
2
3
8.6
.2
8.4
13.5
-3
,3
.3
.1
-.1
10.2
1.2
-.1
1.3
1.3
11.5
3.4
.4
3.1
12*0
13.5
10.7
-1.8
4
5
6
7
8
9
10
11
7.5
.5
.1
1.8
.2
2.0
3.3
-.4
5.8
.6
1.3
1.9
12.8
12.4
16.1
18.8
14.5
16*0
15*3
24.8
1.2
3.5
4.1
1.7
1.7
3.4
3.0
1.2
.2
3-0
2.2
2.6
4.2
1.5
.9
4.7
1.9
5.5
3.7
1.0
.2
6,4
1.8
1,7
4.6
1.8
.3
4.4
3.5
1.5
3.7
1.6
1.4
4,3
1.7
1.9
4.6
1,5
1.8
3,7
12
13
14
15
.3
1.3
1.0
-7.3
10.3
3.8
.8
4.0
5.5
16*3
-1.1
-3.6
-7.5
10.1
3.3
16
17
18
*
*
.2
3.0
11.5
*
-1,6
3.9
10.1
*
-1.2
-
-
-
14.6
14.6
10.4
22.4
1.5
.7
12.5
3.3
2.1
9.2
1.9
1.5
7.1
3.8
1.8
-2.0
6.4
1.4
.6
4.3
16.8
1.4
1.7
2.6
4.7
6-7
.1
6*6
8.4
*1
8.3
*
1.4
*
1.7
BILLIONS OF D O L L A B S .
*
2.6
*
4.7
11/81 BASED ON I N C O M P L E T E
INFOBMATION.
.2
*
.2
9.9
*
3.3
3.6
13.8
4.9
.1
4.8
-2.0
4*4
/7,6
6*6
.5
.9
4.8
10.9
3.1
-.7
8*5
7.3
*
7.3
21*0 Finance c o , l o a n s t o b u s i n e s s
1,9 L i a b . :
Noncorporate business
19.0
N o n f i n . c o r p . business
1
2
3
17.. 3 U,s* Government l o a n s
4
2.4 L i a b * : H o u s e h o l d s
5
2.4
Fara b u s i n e s s
6
4.8
Nonfarm n o n c o r p . b u s .
7
1.6
Nonfin, corp* b u s i n e s s
8
1.5
St.«-local governments
9
4*6
Foreign
10
Spons* credit agencies 11
32.8 Sponsored credit agency loaaas
5.6 L i a b * :
Fara b u s i n e s s (ficb)
-.2
N o n c o r p . b u s i n e s s (be)
27*5
S+l assns* (FHLB)
5.1 Policy loans (hh liability)
* Asset:
0*S. Governaent
5.1
L i f e i n s u r a n c e cos*
12
13
14
15
16
17
18
AOGOST 24, 1981
Security Credit, Trade Credit, and Taxes
44
Security Credit, Xrade Credit, and Taxes Payable
Security credit. Trade Credit, and Taxes
OMADJOSIBD 1ST FLOWS ($ HILL.)
OIADJOSTBJ) III ?I.OtS (S HILL.)
1980
X
11
Ill
If
I
1
1981
I
XX
1971
EXLLIOIS OF DCLLA1S
1974
1973
1972
1975
......................-..—........-- -...—
..._...—
...........Credit
............................................Security
3.7
.7
.1
1
2
3
-2.9
-1-8
--1
-1.0
2-9
2-3
-.1
.6
4
5
6
7
-7.9
-.2
-3.4
-4.8
-1.0
-2.2
8
3-7
.6 9
2.1 10
3-7
-1
-4.3
-1.6
1.0 11
-1 12
11.7
.7
.1
-1-9
24.5
.7
-5
.1
42.8
.6
.1
.4
35.2
1.0
-2
1.3
12.4
1.1
-5
1-1
1
2
3
-4
5,225
445
647
138
12.2
-7
.5
-.7
22.3
-5
.5
-.1
38.9
.8
1.9
.1
28.7
1.8
3.1
-.8
6.3
1.3
.7
1.4
5
6
7
8
18,443
17,530
-199
637
475
6,411
5,176
-2
750
487
12.9
13.9
.4
-1.7
.3
27.4
26.2
.8
-.8
1.2
40.7
38.8
1.0
-3
.6
35.7
32.3
1.8
1.0
.5
9
9.6
.6.1 10
1.6 11
fl.212
.6 13
-9,384
854
-1.2
-2.9
2.1
-.4
2.8 14
1.8
2.0
-.1
-.1
-,2
2.5
2.4
.1
1.2
1.1
-1
-1
8.7
4.5
.1
-7.9
-4.3
-.2
-4.8
-1-8
4.1
3.8
.1
.2
-3.4
-2.7
-.6
-.2
3-8
.5
.8
a.7
2.6
3.8
2.7
1 Ret change in l i a b i l i t i e s
Households
2
3
Foreign
-2,282
555
-
-
-
-
-
-
4
5
6
7
-2,837
-3,156
-435
754
1,119
37
-5
1,087
830
-518
150
1,198
5,824
4,832
-94
1,086
-1,988
-1,673
111
-426
3,309
2,932
-27
404
1.1
.7
-2,282
754
-3,435
1,811
1,087
-38
1,507
1,198
-574
8,915
1,086
4,817
-4,187
-426
-1,338
5,605
404
2,914
399
762
883
3,012
-2,423
2,287
-
""
~
—
"
1 net c h a n g e in liabilities
Households
2
Fara b u s i n e s s
3
Honiara n o n c o r p . business
4
(Payables l e s s receivables)
4,121
504
256
185
-1,822
566
253
143
12,298
566
255
134
23,177
505
263
149
9,059
449
269
127
7,265
397
276
137
5
6
7
8
2,368
446
-56
418
-4,145
446
649
266
10,621
446
-100
376
20,214
446
1,287
313
6,534
445
598
637
17,313
15,463
-99
1,498
451
-4,301
-6,194
1,007
450
436
15,343
13,400
407
1,101
435
11,631
10,564
-9
620
45*
-13,192
2,479
-3,045
11,546
Brokers and dealers
rroa c o a a e r c i a l banks
Fron foreign banking o f f .
C u s t o a e r credit balances
8 Met change in assets
Households
9
Coaaercial nanking
10
11
12
Brokers and dealers
Foreign
1,811
692
1,507
677
8,915
3,091
-4,187
-2,199
5,605
2,296
"•
*
.5
*
-i
4.8
*
*
•
~~
Trade Credit
Bonfin. c o r p o r a t e business
State and local g o v e r n n e n t s
Foreign
O.S.
Governaent
9 Met c h a n g e i n assets
•onfin. c o r p o r a t e business
10
11
Foreign
O.S.
Governaent
12
Other i n s u r a n c e c o a p a n i e s
13
14 Discrepancy
Profit Taxes Payable
1 let c h a n g e in taxes payable
lonfia. c o r p o r a t e business
2
3
Coaaercial banks
4
Savings • loan associations
Life i n s u r a n c e c o a p a n i e s
5
Other insurance c o a p a n i e s
6
Finance coapanies
. 7
Brokers and d e a l e r s
8
9 let c h a n g e in t a x e s receivable
State and local governnents
10
O.S.
Governaent
11
12 Discrepancy
4,482 -13,888
3,404 -14,352
113
63
169
126
71
457
.54
107
110
190
40
42
2,292
1,214
121
165
390
104
241
57
3,990
3,067
176
166
277
91
143
70
1,991 - 1 3 , 5 9 4
702 - 1 4 , 1 2 7
190
91
154
197
137
506
71
124
20
214
60
58
1,463 -16,020
-2,076
-2,356
3,539 -13,664
4,049
1,704
2,345
6,604
1,673
4,931
-641 -15,259
-1,817 -1,620
1,176 -13,639
2.0
-5
1.5
,2
.9
--7
2.4
.8
1.6
-1,757
-2,614
1,665
-.2
-.3
.2
3,019
2,132
2,632
*
.1
-.1
-.1
*
*
*
*
*
*
*
*
•
•
.1
«...
- « ~ ~ — . . . _...^.. —. ...... ..
. — « . . . ..,...— . . — - « » . . ...
.
..... .—.
P r o p r i e t o r s ' Bgaity i n noncorporate Business
1 Total household investaent
2
Fara business
3
Vonfara noncorp. business
-6,715
-3,184
-3,531
-3,940
-4,927
98?
-2,879
-3,315
436
1 1 / 8 1 BAS1D On FxBUIXftalX AID XMCOttFlSTl XBP0MATX9V.
-4,765
-1,063
-3,702
-7,255
-5,792
-1,463
-7,316
-8,727
1,411
2.7
-1.4
4.1
-3*9
3.9
3.4
-3.7
7.1
*
*
-.1
.4
.7
-.2
-2.7
-2.4
-.3
.1
-.1
*
*
1
2
3
4
5
6
7
8
-1.7 9
.6 10
- 2 - 3 11
-1.0
12
•.„.
_ „
...
-5.1
-5-7
.6
-3.5
-.8
-2-6
.7
1
2
3
AUGUST! 2 4 , 1981
Security C r e d i t , Trade Credit, and
Taxes
Security C r e d i t , Trade C r e d i t , and
SEASONALLY
ADJUSTED
ANNUAL
1977
1978
1979
1980
I
Security
1
2
3
12.7
4
5
6
7
-1.0
8
9
10
12.7
2.2
1.5
6.6
-1.0
1.5
2.6
2.2
11
12
4.6
~
1
2
3
4
Security Credit, Trade Credit, and
Taxes
45
SEASONALLY ADJUSTED ANNUAL
BATES
Payable
BATES
I
1976
Taxes
1980
II
I
1981
1
III
IV
|
I
II
Credit
4.8
2.2
1.3
1.5
1.3
-
-
-
-
-
-
-
7.9
6.0
.4
1.5
.9
1.4
.5
.2
-.2
-.7
-2.5
-4.3
-1.1
-2.1
-6-1
.6
4.9
1.2
-.4
4.1
3.0
-.4
4.3
-1.4
10.0
4.1
.8
.6
4.3
-2.9
.6
-.9
-.2
3.0
-4.8
1.0
1.8
-1.1
5.1
~
~
"~
~
22,-2
26.6
53.9
6a. 6
37.8
28.4
16.7
38.8
67.1
43.4
1.2
.8
2.2
1.1
.9
.9
1.5
1.6
3.1
1.6
1.0
2.5
2.1
1.0
.6
2.0
1.0
.7
2.3
1.0
.6
2-3
1.0
.5
2.0
1.1
.6
1-8
1.1
.5
5
6
7
8
13.1
21.1
44.0
59.5
29.1
22.0
55.9
34.1
50.2
.7
.5
1.4
1.8
-.3
2.2
1.4
1.5
1.1
1.8
1.8
1.4
1.8
-.2
1.1
6.3
1.8
2.6
2.2
32.0
.5
.3
4.1
1-8
-.4
1.6
1.8
5.1
.6
1.8
2.4
1.8
1.8
2.6
1.9
9
10
11
12
13
23.8
18.8
33.1
31.1
65.2
58.1
75.5
70.1
40.0
33.2
38.2
30.8
4.7
-2-8
34.0
26.2
83.0
78-7
38.8
35-1
3.4
.5
1.2
1.5
-.8
1.3
2.9
2.7
1.5
1.1
2.4
1.9
1.3
3.7
1.8
-.4
6.0
1.8
4.0
1.8
1.7
1.6
4.4
1.7
2.5
1.8
-.8
2.5
1.9
14
-1.7
-6.5
-11.3
-6.9
-2.2
-9.8
12.0
4.8
-15.9
4.7
-15.8
-19.4
-6-1
-9.8
-.9
.3
-4.5
-3-7
.6
.6
1.1
.4
.7
.2
.4
.6
1.2
.4
.8
.2
-5
.7
1-3
.4
.6
.2
.7
-7
1.3
.4
.7
.2
-2.5
.1
2.6
-1.4
-1.2
*
.6
2.8
-.2
2.2
10.0
5.0
8.0
2.7
31.4
12.4
-8.4
-8.8
14.8 Net c h a n g e in
Households
9.2
foreign
-
-
-
5.3
.1
.4
4.8
19.0
15.2
.4
1-0
1-1
31.4
4.3
-8.4
-1.7
-6-8
8.0
4.8
-.3
15.0
3.0
1.6
3.0
3.5
12.0
-9.7
9.1
"
""
""
-
~
-
-.5
4.3
""
-1-7
liabilities
5.6
4.6
-.6
1.6
Brokers and dealers
From commercial A a n k s
From f o r e i g n banking o f f .
Customer credit b a l a n c e s
14.8 Net change in assets
Households
1.6
Commercial banking
4.0
Brokers and
Foreign
dealers
1
2
3
4
5
6
7
8
9
10
11
12
Trade Credit
Profit Taxes
1
2
3
4
5
6
7
8
8.0
7.5 '
-.6
-1.3
.2
.3
.1
.1
.4
.1
-
5.2
3.4
.3
.4
.6
.2
.2
.1
-.1
9
10
11
7.8
2.2
5.6
.2
1.7
-1.5
3.5
.7
2.7
12
.2
-.9
1.7
*
2.8
.5
.5
.9
.3
.4
.1
.5
.6
1.2
.4
.7
.2
7.1
.4
.6
1.1
.3
.6
.2
1.2
1.3
-.1
-3.9
-1.1
-2.8
7.7
-.7
8.4
-18.5
-2.9
-15.7
-6.3
-6.1
1.5
-.4
1.9
-1.1
1.6
.8
2.6
2.7
.2
-2.4
.8
-22.4
-13.1
-9.4
-25.6
-25.8
.2
*
Proprietors*
-12.0
-7.8
-4.3
-7.6
-6.1
-1.5
BILLIONS OF D O L L A R S .
-12.2
-9-7
-2.4
-13.4
-11.4
-1.9
Equity in Noncorporate
-18.3
-12.5
-5.8
11/81 BASED ON INCOMPLETE
1
2
3
4
Nonfin. c o r p o r a t e b u s i n e s s
State and local governments
Foreign
U.S. Government
5
6
7
8
55.4 Net change in assets
Nonfin. c o r p o r a t e b u s i n e s s
50.4
Foreign
U . S . Government
3.0
Other i n s u r a n c e companies
1-9
*
4.3 Discrepancy
9
10
11
12
13
14
Payable
10.3
-3.1
-6.7
*
59.7 Net change in l i a b i l i t i e s
1.6
Households
F a n business
.1.1
Nonfarn n o n c o r p . b u s i n e s s
-5
(Payables l e s s receivables)
-24.4
-15-3
-9.1
-10.3
-8.4
-1.9
INFOfiHATION.
-.3
-.4
.7
- 9 . 9 Net change in t a x e s payable
Nonfin. c o r p o r a t e b u s i n e s s
-13-7
Commercial banks
-7
Savings • loan a s s o c i a t i o n s
-7
1.4
Life insurance companies
other i n s u r a n c e companies
.4
Finance companies
.3
Brokers and dealers
-3
- 1 0 - 8 Net change in t a x e s r e c e i v a b l e
State and local governments
.5
U . S . Government
-11.3
.9 Discrepancy
1
2
3
4
5
6
7
8
9
10
11
12
Business
-16.3
-13.2
-3.1
-24.0 Total household investment
-23.1
Farm b u s i n e s s
-.9
Nonfarm n o n c o r p . b u s i n e s s
1
2
3
AUGUST 24, 1981
Miscellaneous I
Miscellaneous I
46
Miscellaneous Financial Claims
UNADJUSTED NET FLOMS ($ HILL.)
UNADJUSTED NET FLOWS ($ HILL.)
1980
II
1 Net change in liabilities
2
Households
3
Nonfin. corporate business
Foreign
U.S. Government
III
IV
|
|
1981
I
II
22,517
319
2,220
16,757
310
3,883
1,722
307
2,689
12,364
311
2,059
18,045
314
1,965
18,627
315
3,135
6,333
954
687
-1,352
-3,659
109
4,947
-1,599
2,086
3,069
1,601
-6,630
18.9
.3
1975
33.7
.4
2.8
37,3
.7
2.6
31,0
-5
-9
Total finance
Sponsored credit agencies
Monetary authorities
Connercial banking
12,691
395
-1,010
4,953
13,229
1,292
997
4,385
2,276
547
-1,374
826
6,646
1,449
92
-3,872
10,611
260
-132
3,574
20,206
939
512
9,664
9.8
-.5
10
11
12
13
14
15
Savings + loan assns.
flutual savings banks
Life insurance companies
Other insurance companies
Finance companies
Beits
579
1,262
533
3,803
2,156
20
232
-238
714
3,849
1,967
31
-218
-598
363
3,898
-1,198
30
-969
392
616
3,950
4,958
30
850
569
500
4,013
944
33
396
16
952
4,088
3,607
32
19,566
1,866
531
778
6,980
14,571
1,881
513
801
3,288
10,441 24,229
1,998
1,926
621
488,
800
853
5,866
8,600
17,558
2,102
495
803
3,693
1.2
16.6
-3
-.3
7-7
19.2
1.6
-.5
2-1
6
7
8
9
1.2
-.1
2.0
3.6
2.6
.9
.2
2.6
4,8
4.8
.6
.6
2.5
4.8
3,7
-,1
-3
2.6
4,9
-6
.7
-.1
3.3
6-2
4.6
1.3
10
11
12
13
J4
15
22,559
2,181
554
822
2,695
18.5
2.3
.6
29.3
2.7
.7
1.0
13.8
36.6
2.8
.6
1.0
17.3
31.5
2.7
31.8
3.8
-9
1.3
14.S
16
17
18
19
20
7.6
.9
2,869
-83
3,286
42
1,152
366
6,890
118
2,208
225
5,331
191
-1.7
-1
3.0
-1
23
24
25
26
Total finance
Sponsored credit agencies
Monetary authority
Commercial banking
6,625
28
-454
4,628
4,760
-137
544
3,194
-157
422
109
-670
5,149
1,013
306
117
8,032
-265
-460
8,139
10,785
60
1,102
7,079
4.2
.2
.2
2.0
8.1
--4
1,474
139
892
100
-236
54
-209
168
896
100
-326
530
-1,146
106
901
100
-84
105
3,101
244
910
100
-313
-329
-480
166
918
100
35
-121
493
1
926
100
.5
.3
.9
1.7
.5
1.0
.2
1,035
2,951
2,186
-8,719 -11,865
487
-3,932
33 Unallocated, net
4
5
20.3
2.2
1.2
4-7
Foreign
U.S. Government
Savings and .loan assns.
Mutual savings banks
Life insurance companies
Private pension funds
Beits
Honey market funds
15.6
-.7
24.2
.3
-.1
10.7
21
22
27
28
29
30
31
32
32-3
.7
4.8
10.6
-.4
6
7
8
9
16 Net change in assets
17
Households
18
Farm business
19
Nonfara noncorp,. business
20
Nonfin. corporate business
BILLIONS OF DOLLABS
1972
1973
1974
1.0
13.3
1.8 21
.7 22
10.9
-1-8
1-8
6-5
8.5
-9
*
2.0
2J
24
25
26
.9
.2
.9
,1
2.0
.5
1.4
-1
.4
--1
1.8
.6
1.7
-2
1.2
*
27
28
29
30
31
32
.3
3.0
-ai
(A) Foreign claims
Direct foreign investment by 0
34 Liab.: Foreign
35
Equity • intercompany accts.
36
Betained earnings
. corps.
5,438
1,858
-488 -2,030
5,926
3,888
2,444
-1,339
3,783
6,207
2,808
3,399
837
-3,158
3,995
1,747
-2,253
4,000
6.5
3.3
3.2
5.7
1-2
4.5
10.1
2.0
8-2
8.9
1.2
7.8
14.0 34
6.0 35
8.0 36
2,689
213
2,476
2,059
688
1,371
1,965
847
1,'.18
3,135
1,935
1,200
.4
-.2
.5
.9
.4
.6
2.8
1.9
.9
4.8
3-7
1,1
2.6 37
1.4 38
1.2 39
U.S. Govt. eg. in IBED, etc.
40 Liab.: Foreign
354
176
225
225
.3
.3
.3
-6
.7 40
Nonofficial foreign currency
41 Asset: U.S. Government
Liab.: Foreign
12
-58
-
-34
-.2
-.2
.6
-.6
* 41
6
-8
.4 45
- 46
Direct foreign investment in U
37 Liab.: Nonfinan. corp. bus.
38
Equity • intercompany accts.
39
Betained earnings
2,220
937
1,283
3,883
2,825
1,058
(B) Claims on Federally related agencies
Postal Savings Deposits
42 Asset: Households
Liab.: U.S. Government
Deposits at Federal Home Loan Banks
430
43 Liab.: Sponsored credit ags.
Asset: S+l associations
442
-628
570
-374
99
14
10
15
19
24
19
166
285
158
414
297
405
44 Federal Beserve Bank stock
Asset: Commercial banks
45 Eguity in sponsored credit ag.
46 U.S. Government
Private:
47
Farm business (ficb • FLB)
48
Nonfarn noncorporate (be)
49
Nonfin. corp. bus. (fnna)
50
S+l associations (FHLB)
139
17
-
-322
114
20
3
148
86
10
2
60
11/81 BASED ON PBELIHINABT AND INCOMPLETE INFORMATION.
220
65
4
125
95
15
-1
188
154
30
1
220
2
-2
*
*
4
*
-5*
.2
*
*
-1
47
48
4S
50
AUGUST 2 4 , 1981
Miscellaneous I
Hiscellaneous I
47
Miscellaneous Financial Claias
SEASONALLY ADJUSTED ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL RATES
1980
1981
1976
1977
1978
1979
1
2
3
51.2
.6
4.3
44.7
.9
3.7
71.0
1.1
7.S
84.2
1.3
11.9
53.4
1.2
10.9
71.3
1.3
8.-9
50.6
1.2
15.5
29.9
1.2
10.8
61.7
1.2
8.2
51.9
1,3
7.9
4
5
16.3
.9
8.2
-.9
19.7
-.3
22.6
-1.3
8.3
-1.9
13.9
3.8
3.0
-5.4
.4
16.5
-6.4
-5.1
12.3
5.3
-26.5
6
7
8
9
29.0
1.4
.3
3.4
32.8
1.3
-.1
6.9
42.6
4.8
.5
12.7
49.7
5.9
.9
11.6
34.8
3.7
-1.3
6.3
43.3
2.9
-3.9
13.7
36.3
3.7
2.8
4.4
17.6
4.1
-5.1
10.2
42.1
4.0
1.0
-3.1
35.6
2.9
-.2
10
11
12
13
14
15
1.1
.1
3.9
10.3
8.4
.2
1.1
.4
4.6
12.6
6.6
-.5
-.4
1.4
4.5
14.1
5.3
-.1
.9
1.2
4.4
14.7
10.1
-.4
.8
2.2
15.5
7.9
.1
-1.7
-2.6
1.8
15.6
-4.8
.1
.4
1.9
2.3
15.8
19.8
.1
1.6
.7
2.0
15,4
7.9
.1
16
17
18
19
20
47.0
5.5
1.5
2.1
18.1
32.1
6.9
1.7
2.6
17.5
62.4
6.6
2.0
3.0
21.2
71.0
7.2
1.9
3.0
27.4
68.8
7.7
2.2
3.2
24.7
70.3
7.5
2.1
3*1
25.1
45.6
7.5
2.1
3.2
14.7
61.7
7.7
2.0
3.2
25.8
97.6
8.0
2,5
3.4
33.4
61.8
8.4
2.0
2\
22
8.9
1.0
-4.0
.7
7.6
.7
7.4
.8
14.2
.4
12.4
-.3
7.3
.2
9.8
1.5
27.3
.5
23
24
25
26
10.0
-.2
-.2
6.1
6.6
.9
-.6
3.5
21.3
.6
.5
11.8
23.3
.6
.2
10.1
16.4
1.3
.5
7.3
20.4
-.3
-1.8
15.3
10.7
.4
2.2
2.0
11.8
1.9
.4
27
28
29
30
31
32
2.6
.4
1.5
.2
-.3
1.4
.3
2.5
-.5
-.8
-.1
4.6
1.0
2.4
.1
-.3
.5
7.3
.5
3.5
.4
.3
.4
3.2
.7
3.6
.4
-1.0
.4
3.4
.6
3.6
.4
-.9
.2
33
4.2
12.7
8.6
13.2
-15.4
*
*
II
III
4,. 2
1.3
3.6
-1.3
2.1
IV
J
I
II
*
2.7
16.1
3.8
.1
53.6 Net change in liabilities
1.3
Households
12.5
Nonfin- corporate business
1
2
3
Foreign
U . S . Government
4
5
61.0
2.0
.5
23,0
Total finance
Sponsored credit agencies
Monetary authorities
Conaercial banking
6
7
8
9
-.5
2.1
2.9
16.4
14.4
.1
Savings • loan assns.
Mutual savings banks
Life insurance coapanies
Other insurance companies
Finance companies
Beits
10
11
12
13
14
15
76.8 Net change in assets
8.7
Households
2.2
Farm business
3.3
Nonfara noncorp, business
12.9
Nonfin. corporate business
16
17
18
19
20
8,9
.9
16,5
Foreign
U.S. Government
21
22
22.6
3.2
1.2
7.6
27.2
-1-4
-1,8
30,7
32.4
1.5
4.4
14,7
Total finance
Sponsored credit agencies
Monetary authority
Commercial banking
23
24
25
26
8,7
.4
3.6
.4
-1-3
-1.3
-4.7
.7
3.7
.4
.1
-.5
3.7
.4
Savings and loan assns,.
Mutual savings banks
Life insurance coapanies
Private pension funds
Beits
Money aarket funds
27
28
29
30
31
32
3.2
11.2
-9.9
2.8
-23.2 Unallocated, net
(A) Foreign claias
34
35
36
11.6
3.9
7.7
11.2
4.8
6.4
15.2
3.9
11.3
22.1
3. 1
19.0
15.9
-1.0
17.0
18.7
-5.0
23.7
7.8
-7.7
15.6
14.4
-.7
15.1
22.9
9.3
13,6
37
38
39
4.3
2.7
1.7
3.7
2.1
1.6
7.9
5.3
2.6
11.9
7.9
4.0
10.9
4.7
6.2
8.9
3.7
5.1
15.5
11.3
4.2
10.8
.9
9.9
8.2
2.8
5.5
.Direct foreign investment by O.S. corps,
-.3
8.0 liab,: Foreign
34
-16.3
-8.0
Equity • intercompany accts. 35
16.0
16.0 Betained earnings
36
7,9
3.4
4.5
.9
-
Direct foreign investment in O.S,
12-5 Liab.: Nonfinan. Corp. b u s . 37
7.7
Equity + intercompany accts. 38
4.8
Betained earnings
39
O.S. Govt. eg. in IBBD, etc,
.9 Liab.: Foreign
40
Nonofficial foreign currency
-.1 Asset: 0,S, Government
Liab.: Foreign
41
(B) claims on federally related agencies
-
-.9
.1
45
46
47
48
49
50
.5
.8
1.3
r.e
.7
-
-
-
"
-
.2
.1
.2
.3
.1
.1
.4
.4
.1
.1
t.O
.6
.1
*
.2
*
BILLIONS OF DOLLIES.
*
.8
.6
.1
*
*
1 1 / 8 1 BASED ON HCOBPLEII IBFOlHAlIOi.
,5
.1
,9
.3
Postal Savings Deposits
Asset: Households
Liab.: 0,S. Government
Deposits at Federal Home Loan Banks
-1.1 Liab,: Sponsored credit ags.
Asset: S*l associations
.1 Federal fieserve Bank stock
Asset: Coaaercial iianks
1.9 Equity in sponsored credit ag.
- 0,5, Government
Private:
.6
Farm business (ficb • FLB)
.1
Nonfarm noncorporate (be)
Nonfin, corp- b u s . (fnaa)
S*l associations (FHLB)
UI
42
43
44
45
46
47
48
49
50
AOGUSX 2 4 , 1981
Miscellaneous II
48
M i s c e l l a n e o u s II
Miscellaneous Financial Claias
UNADJUSTED
NET FLOWS
(Continued)
UNADJUSTED
($ MILL.)
II
(C) life insurance
III
I
II
504
172
332
MEI J L O i S
BILLIONS OF DCXLAES
1972
1973
1974
1981
1980
($ MILL.)
1575
claias
Deferred and unpaid preaiuas
1 Liab.:
Households
Asset:
Life insurance
Life coapany reserves
2 Liab.:
Life insurance c o s .
3
Accident and health
4
Policy dividend a c c u o .
Asset:
Households
(D) Nonlife insurance
5 Liab.:
6 Asset:
7
8
9
477
166
311
405
142
263
393
138
255
'287
477
164
313
3,803
1,389
3,849
1,476
3,898
1,533
3,950
1,558
4,013
1,625
4,088
1,677
392
761
399
781
402
790
401
788
400
788
400
792
1,261
1,193
1,173
1,203
1,200
1,219
-8,719 - 1 1 , 8 6 5
487
-3,932
-7,979
-6,469
-4,461
-1,378
10,281
1,024
5,519
-337
-
-
440
153
1.3
.5
.8
.6
.9
3.6
1.2
.5
.8
1.0
4.8
1.4
.6
1-0
1,9
4.8
1.4
.5
1.0
2.0
6.9
1.0
15.2
11.0
9«,5
-.5
-.5
1.3
1.7
1.7
.7
1.0
2
3
4
6.2
2.1
,7
1.2
2.2
5
6
7
8
5
7.4
.9
-.6
--/I
1.0
-.5
12
13
14
15
1(6
17
2.1
-1
.2
.7
1.1
18
19
20
21
22
.7
-.1
1.6
1.2
1.3
23
24
25
26
27
1.9
-1.4
-.8
-9
*
28
25
30
31
32
claias
Other i n s u r a n c e c o s .
Households
Farm business
Nonfara n o n c o r p . b u s .
Nonfin. corp. business
4.9
1-2
.5
1.0
2.\
(E) Intercorporate claias
C o r p o r a t e parent investment in
10
finance companies
2,199
Asset:
Domestic bank affiliates
(F) Unallocated assets + liabilities
11 Net t o t a l
(liab- l e s s assets)
2,951
2,186
12
13
14
15
16
17
Net change in liabilities
Foreign
U . S . Government
U . S . Govt.-without l e v e l s
Sponsored credit agencies
Monetary authority
7,866
978
6,294
-1,213
-
-1,352
-
109
-
-1,599
3,069
-6,630
1,017
-1,389
465
73
337
-1,024
565
587
-156
435
493
18
19
20
21
22
Commercial banking
Commercial banks
Bank affiliates
Foreign banking offices
Banks in U . S . p o s s .
4,385
3,851
-161
826
-3,872
-5,397
3,574
3,589
-70
693
902
227
23
24
25
26
27
Savings and loan a s s n s .
Mutual s a v i n g s banks
Life insurance companies
F i n a n c e companies
Beits
28
29
30
31
32
Net change in assets
Nonfin. corporate business
Foreign
Sponsored credit agencies
Monetary authority
954
131
4,953
2,772
94
-1,480
145
767
-72
1,311
-65
579
232
1,262
-238
-218
-598
56
-43
20
309
-30
392
176
2,588
-1,257
2,221
31
30
30
4,915
4,108
740
281
649
28
234
-597
-137
2,247
-1,537
7,404
1,186
4,831
1,013
-454
544
-2,247
-4,134
801
702
738
757
2,152
850
422
109
-969
306
-1,142
900
850
569
23
958
33
1.2
-.1
-9
2.0
.9
.2
1.4
2.4
-.3
4.7
3.3
5.. 5
1.0*
.5
1.6
-5
.6
.6
1-1
2.3
7-7
.<!
-.1
.3
1.1
.1
-
-
13.4
13.9
243
-265
-460
6.2
2.0
--4
-1.8
-1.0
1,102
5.2
4.8
.8
.3
5,914
1,543
4,277
-501
672
679
.9
.6
.1
4.6
1.4
-.2
-485
36
37
38
39
Savings and loan a s s n s .
Mutual s a v i n g s b a n k s
Life i n s u r a n c e coapanies
Private pension funds
1,366
-799
-578
2,406
-294
139
573
100
168
586
100
106
594
100
244
599
100
166
604
100
40
41
Beits
Money aarket
-236
-326
54
530
-84
105
-313
-329
1,002
.5
6.4
.2
3.7
.5
*
-.9
-1-7
-1.1
-
4,992
-672
-515
INFOBMATION.
396
16
448
10.7
-
-.4
1.4
1.1
6-5
4.8
2,277
11/81 B A S E D ON PBELIMINABI AND INCOMPLETE
927
785
*
1.2
1.6
*
•
.3
-.2
32
Commercial banks
F o r e i g n banking offices
Banks in U . S . possessions
funds
9,664
8,738
-786
*
.8
-.1
9,451
-272
2,196
9,794
1,657
33
34
35
623
-
60
-2.1
.2
.2
*
.5
.8
.1
.9
.9
174
1
611
100
1.0
.3
.6
1.8
.5
-5
-2
.4
.2
.5
.1
35
-11
.2
.8
-121
1,035
-
-
*
-
*
*
.a
8.7
2.2
1.8
-2.5 33
.6 34
-6
35
.9
-5
-7
.1
1.5
-6
1.0
-2
36
37
38
39
.4
A-2 40
* 41
-.1
AUGUST 2 4 , 1981
Miscellaneous II
Hiscellaneous Financial Claims
Hiscellaneous II
49
(Continued)
SEASONALLY ADJOSIED ANNUAL RA1ES
SEASONALLY ADJUSTED ANNUAL RATES
1980
1976
1977
1978
1979
II
1
1981
III
(C) Life insurance claims
Deferred and unpaid premiums
1.3 Liabu: Households
Asset: Life insurance
2
3
4
1.9
.7
1.2
2.7
1.4
1.4
2.7
1-3
1.4
2.4
.8
1.6
1.7
.6
1.1
1.9
.7
1.2
1.6
,6
1.1
1.6
.6
1.0
1.8
.6
1.1
1.9
.7
.1.3
5
6
7
8
9
10.3
3.6
1.3
2.1
3.4
12.6
4-2
1.5
2.5
4.4
14.1
3-9
1.7
2.9
5.6
14.7
4.8
1.5
2.9
5,5
15.5
6.0
1.6
3.1
4.8
15,2
5.6
1.6
3.0
5.0
15,. 4
15.6
6.1
1.6
3.2
4.7
15.8
6.2
1.6
3.2
4.8
16.1
6.5
1.6
3.2
4.8
Lite company reserves
2,0 Li at), : Life insurance c o s .
.7
Accident and .health
1,3
Policy dividend accum.
Asset: Households
2
3
4
(D) Nonlife insurance claims
5.9
1.6
3.1
4.8
16.4 Liab,;
6.7 Asset.
1.6
3.2
4.9
(E) Intercorporate claims
Corporate parent investment in
10,4 finance companies
Asset: Domestic bank affiliates
-.1
(F)
12
13
14
15
16
17
13.4
3.7
-.5
1.4
-..3
.2
12.2
-3.8
-.7
-.3
.2
-.1
23.2
3.7
-.3
1.4
.4
-1.3
1.2
.8
18
19
20
21
22
3.4
1.7
.9
.3
.4
6.9
5.6
-.3
.7
.8
12.7
12.2
-2.4
2.3
.6
23
24
25
26
27
1.1
.1
2.0
2.1
.2
1.1
.4
1.8
7.1
-.5
28
29
30
31
32
9.2
3.1
4.6
-.2
-,.2
33
34
35
9.3
Other insurance c o s .
Households
Farm business
Nonfarm noncorp. b u s .
Nonfin. corp, business
5
6
7
8
9
1D
Unallocated assets • liabilities
-23.2
-31,8
-36,0
-9.9
-2.4
-6,9
24,2
-5.7
1.5
-3,4
.4
Net total (lialu less assets)
11
15.6
-4.. 4
-5,0
-15.6
-16.0
-1.9
2-2
-1.4
3.8
1.8
-3.9
-5.4
1.7
2.7
-5.1
-6.4
1,3
.9
12.3
2.9
-.3
-26.5
1.2
.4
Net change in liabilities
foreign
U.S, Government
U . S . Govt.-without levels
Sponsored credit agencies
Monetary authority
11.6
7.4
.3
2.7
1.1
6.3
-.3
4.9
1.6
13.7
6.2
.4
7.4
-.3
4,4
1.4
-,6
4.0
-,3
10.2
1.3
.6
4,9
3.4
-3.1
-9.9
-.3
3,5
3.6
10.4
,9
-6,1
3,6
23.0
18.1
-3.1
5.0
3.1
Commercial banking
Commercial banks
Bank affiliates
Foreign banking offices
Banks in U . S . poss.
18
19
20
21
22
--4
1.4
1.8
2.6
-.1
.9
1.2
2.0
4.6
-.4
.8
.5
3.5
.1
.6
3.2
.9
-.2
.1
.7
.4
10.4
.1
-1,7
-2.6
.2
-5.0
.1
.4
1.9
.5
8.9
,1
.8
3.8
.1
-,5
2.1
,9
4.0
.1
Savings and loan assns.
Hutual savings banks
Life insurance companies
finance companies
Beits
23
24
25
26
27
-.4
1.8
-7.8
.9
-.6
14.6
.3
-.3
.6
.5
7.6
-.3
-4.5
.6
.2
17.2
3.9
3.3
1.3
.5
14.7
1.3
3.5
-.3
-1.8
4.3
2.1
-8.2
,4
2,2
16.2
6.7
-.9
1.9
,4
33,5
5.7
19.0
3,2
1.2
34,1
6.7
1.1
-1,4
-1.8
24.7
*
4,0
1.5
4.4
Net change in assets
Nonfin. corporate business
Foreign
Sponsored credit agencies
Monetary authority
28
29
30
31
32
-.7
.4
-.1
3.7
.3
6-9
2.0
.1
2.0
2.1
.4
.9
1.5
.5
5.9
2.5
-1.9
9,2
-2.7
-2.1
-2,2
3.2
2.8
-9.4
3.0
3.0
21.8
6.2
2,7
3.5
-2.0
2.7
Commercial banks
Foreign banking offices
Banks in U . S . possessions
33
34
35
36
37
38
39
1.2
,4
.8
.2
.7
.3
1.6
-.5
1.7
1.0
1.3
-1
3.2
.5
2.2
.4
2.4
.7
2.4
.4
2.9
.6
2.3
.4
-1.5
1.3
2,3
1.0
.4
2,4
.4
7.1
.4
2,4
.4
-4.2
.7
2.4
.4
2.8
.8
2.4
.4
Savings and loan assns,;
Hutual savings banks
Life insurance companies
Private pension funds
36
37
38
-39
40
41
-.3
-.8
-.1
-.3
-5
.3
.4
-1.0
.4
-.9
.2
-1,3
2.1
-,3
.4
-1.3
-1.3
.1
-.5
*
*
BILLIONS OF DOLLARS.
-
20.8
-.3
-
*
1.7
-8.1
-
*
11/81 BASED ON INCOHPLETE INFOBHATION.
3.9
1.6
*
Beits
Honey market funds
12
13
14
15
16
17
40
41
AUGUST 2 4 , 1981
lotal C l a i a s
50
Total C l a i a s
Total F i n a n c i a l Assets and
UNADJUSTED
NET FLOBS
Liabilities
UNADJUSTED NET FLCMS
($ MILL.)
II
III
IV
|
I
II
1971
Total Funds fiaised and Advanced i n Credit
Total f u n d s raised
in credxt markets
($
HILL.)
BILLIONS Of C O L L A R S
1972
1973
1974
1980
Markets
(1)
97,652
67,796
112,037 139,951
93,176
125,273
154.5
191.3
239-0
225.1
210.9
1
2
3
4
5
6
7
8
9
10
Nonfinancial sectors
U . S . Government
Foreign
Private domestic
Households
Farm business
Nonfarm n o n c o r p . bus.
Corporate business
Stated-local governments
81,603
19,070
3,486
59,047
22,070
4,830
2,943
27,674
1,530
59,986
5,366
8,194
46,426
11,603
6,274
2,038
19,933
6,578
99,754 115,597
27,108
27,652
8,004
7,498
80,447
64,642
30,030
37,965
2,619
801
3,831
7,011
17,479
28,145
10,683
6,525
86,634
35,831
5,190
45,613
18,376
5,591
2,830
14,775
4,041
94,980
-2,553
14,978
82,555
28,061
9,595
5,388
33,421
6,090
142.5
24.9
166.3
15.1
194.7
4.7
5.1
8.3
6.3
112,9
44.7
146.1
64.9
180.1
78.4
187.5
11.8
15.0
160.7
51.3
201.7
85.4
11-3
105.0
43.6
4.5
5.8
9-9
11.8
34.2
17.7
14.2
46-7
14.5
13.6
65.0
13.2
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
Financial sectors
Sponsored credit agencies
Mortgage pools
Commercial banks
Bank affiliates
Savings and loan assns.
Finance companies
Beits
16,049
8,773
4,562
-125
2,493
7,810
4,581
4,073
24,354
9,182
4,268
6,542
3,457
3,301
30,293
9,621
1,852
12.1
25-0
44.3
16.3
340
422
8
742
3.5
4.9
1-1
804
27
-3,523
2,431
-514
4,597
1.1
4.8
.9
.8
-.1
2.7
1.9
1.7
6.6
4.6
3.2
6.0
9.5
5.6
2-3
-4.4
24.2
14.0
43.9
38.3
47.5
39.1
.3
6.5
-.2
.5
2-8
6.3
1.4
-1.4
.7
7,6
.1
.6
3.9
11,2
190.7
15.5
156.9
20.8
3.6
9.2
3.4
6.2
Total funds advanced
in credit markets
19
-485
12,283
1,868
5,664
-58
-577
3,266
5,042
3,311
-657
-19
-88
283
-93
638
78
3,615
7,359
8,143
-204
139,951
93,176
125,273
22,660
11,219
13,437
5,641
17,261
10,421
-1,127
3.6
*
2,. 6
7.8
7.4
8.5
1.4
78.7
15.5
31.8
13.7
37.6
17.3
3,-4
9-1 11
3-2 12
7..1 13
-2 14
-6 15
-2-3 16
.5 17
--1 18
.2
4.4
4.8
6.0
1-5
97,652
67,796 112,037
20
21
22
23
24
Private dom. nonfin. s e c t o r s
Households
Nonfarm n o n c o r p . business
Corporate business
State + local governments
24,953
20,469
19,633
8,552
198
459
583
480
2,779
1,547
-9,104
-9,672
-350
-4,946
5,864
2,813
8,070
2,560
8,422
1,115
6,098
-931
7,291
25
26
Foreign
U . S . Government
-2,039
6,948
3,715
6,652
6,489
5,192
9,641
4,947
8,680
7,294
2,689
8,924
26,-4
2-8
8.4
1.8
27
28
29
30
Financial institutions
Sponsored credit agencies
Mortgage pools
F e d e r a l reserve system
67,790
9,939
4,562
-1,752
66,533
2,633
4,073
8,681
80,723 102,703
8,146
4,539
5,664
4,268
1,105
-3,537
63,765
3,308
3,301
-4,248
96,399
13,914
1,852
1,591
123-0
156.8
1.1
4.8
8.9
4.0
4.9
,3
31
32
33
34
35
Commercial banking
Commercial banks
Bank a f f i l i a t e s
Foreign banking offices
Banks in U . S . p o s s .
9,734
8,4(18
-184
1,230
5,671
4,063
36,485
29,745
33,885
33,545
-354
50.4
50.3
70,3
69.0
84,6
78.4
66.8
58.3
100
1,134
6,648
47,806
40,003
-200
8,024
2,184
3,105
184
270
290
-8
-21
104
726
-32
-.1
-.1
.3
-.2
1.2
.3
1.7
4.4
.1
.9
7-2
-5
36
37
38
39
40
Private nonbank finance
Savings institutions
Savings + loan a s s n s .
Mutual s a v i n g s banks
Credit unions
45,307
8,255
6,806
1,248
45,475
7,449
5,660
45,157
11,153
9,101
57.9
38.7
27.4
77.4
46.1
33.7
77-7
35-1
27,2
59-8
24-2
18.3
764
202
53
1,304
41,378
21,343
17,486
1,983
1,874
59,220
7,613
6,647
201
37,572
20,553
14,101
2,442
4,010
1,999
9-3
2.0
9.5
2,9
4.3
3,6
3.1
2-7
16.9
23,7
12.3
29,8
12.9
2-3
5.7
3.4
18,9
11.4
158
485
-86
-939
41
42
43
44
45
I n s u r a n c e sector
Life i n s u r a n c e c o s .
Private pension funds
St.*loc.govt.rtr.funds
Otner i n s u r a n c e cos>.
23,924
10,363
3,818
5,992
3,751
21,343
7,427
2,812
7,816
3,288
20,007
8,947
2,557
4,022
4,481
14,499
6,119
1,622
2,760
3,998
19,975
10,496
1,792
3,370
4,317
18,876
8,122
2,099
5,132
3,523
46
47
48
49
50
51
Finance n . e . c .
Finance companies
Beits
Mutual funds
Honey market funds
Brokers and dealers
13,128
2,351
-151
16,683
3,377
2,847
10,555
5,536
9,765
-137
-463
-5,321
1,692
31,632
2,137
608
-2,988
-1,516
-352
1,812
-2,201
-731
15,128
10,015
-110
1,446
4,670
-893
(D
Excludes corporate
11,817
-1,497
-79
-17
-85
526
27,318
1,736
Total f u n d s raised (from
preceding table)
Other f i n a n c i a l s o u r c e s :
Official f o r e i g n exchange
Treasury c u r r . and SDB c t f s .
14,3
-
-3
9.5
4.2
.3
-1.4
5.6
1,3
.6
25
26
143.5
4.5
7-1
8.5
27
28
29
30
29.4
28.4
-.5
1.1
-4
31
32
33
34
35
94.0
53.2
37.1
10-7
5-4
36
37
38
33
40
5.6
6.7
4.6
40.6
16.9
7.0
9.3
7.3
41
42
43
44
45
5.7
4.0
.2
,7
.8
-.8
.3
2.9
-4.8
.5
-7
1.0
46
47
48
49
50
51
9.4
239.0
225-1
210.9
1
410
349
.5
-,2
.5
-.2
.4
1-3
-4
.5
-9
2
3
55,874
14,757
20,801
1,264
13,194
4,825
1,033
56,250
78,169
14,320 -14,768
13,023
19,433
-2,984
37,096
43,281
8,358
6,031
4,770
-651
6,510
52,801
4,981
2,078
14,964
15,767
8,471
6,540
103.6
17.6
67.0
115.4
24,2
69.3
112.0
16.3
36.1
31.6
14.8
-
19-1
-
47.2
3.7
.4
1.9
,9
1.2
-.4
-,2
2,851
19,385
2,821
28,308
2,859
15,523
2,887
12,798
3,072
16,809
6.3
6.9
7.6
6-7
21.1
22.6
25.4
29.6
3,044
4,456
-2,282
1,811
-1,822
4,121
4,482 -13,888
-6,715
-3,940
22,517
16,757
6,059
1,507
12,298
2,292
-2,879
1,722
7,481
8,915
23,177
3,990
-4,765
12,364
10
5,267
-4,J87
5,605
7,265
9,059
1,991 -13,594
-7,255
-7,316
18,627
18,045
13-7
10.2
-7.9
42.8
-4.8
35.2
11
12
Life i n s u r a n c e reserves
Pension fund reserves
2,953
14,330
13
14
15
16
17
18
Corporate eguities
Security c r e d i t
Trade debt
Profit t a x e s payable
N o n c o r p . p r o p r i e t o r s ' eguity
Miscellaneous
Other
11/81 BASED OH PRELIMINARY
5,210
-618
6,348 -21,380 -11,596
-4,161
-8,160
710
168,165 133,382 209,612 2 8 8 , 0 9 5 182,746 209,242
Trade credit
- L i a b i l i t i e s not allocated
as a s s e t s
Treasury currency
Interbank c l a i m s
Security BP's
Profit taxes p a y a b l e
Miscellaneous
Totals allocated to sectors
as assets
Assets
191.3
60,880
17,731
21,760
15,632
-2,848
8,736
-131
Floats not i n c l . in assets
Demand d e p . :
U . S . Govt.
to lotal Financial
-1-7
Deposits at f i n a n c i a l i n s t s . 18,688
Checkable deposits+currency -30,820
18,459
Small time • savings dep.
15,322
Honey market fund shares
Large time deposits
10,933
2,509
Security BP's
foreign deposits
2,285
19
Interbank c l a i m s
20 Total f i n a n c i a l s o u r c e s
Their Belation
154.5
4
5
6
7
8
9
10
29
5.6
5.2
2.3
-.4
24
-363
843
326
24
25
26
27
28
4.6
3,7
3.3
3.8
1.9
6.1
13.U
125,273
286
190
-
9.7
-1,0
12-1 23
2,465
67,796
1,643
1,384
21
22
23
8.2
19
47.9 20
33-0 21
.8 22
93,176
112,037 139,951
97,652
2
3
13-6
-1-6
5.6
210.3
eguities.
Total C l a i m s and
1
225.1
-465
-8,628
-13,192
-53
665
1,336
3,019
2,951
182,532
-70
3,354
2,479
-31
-891
1,316
2,132
2,186
697
-783
-7,144
-3,045
14,699
11,546
-64
-43
-2,020
-1,109
2,789
3,939
-1,757
-2,614
-8,719 - 1 1 , 8 6 5
-5,308
-5,373
-9,384
-54
993
604
3,960
200
854
521
14.6
3.8
8.7
11.7
24,5
42.2
16.2
6.3
2.4
5.7
(113.3 4
18.6 5
98.2 6
1.3 7
-9.1 8
3-5 3
.8 10
8-7 11
34.9 12
10.6
3.7
12.4
-2-7
-3.5
37-3
13
14
15
16
17
18
1.8
2.7
-.1
18.9
31.0
33.7
-1,7
336.2
-4.8
409,4
468,6
415.0
-11-2 19
415.9 20
-3
-,4
2.1
-,1
.4
-.4
-, 1 21
1,6 22
2-8 23
*
-.3
2.2
.4
4.7
-1-2
-2,9
*
-.2
2.5
3,4
-.2
*
1.2
-5.1
32-3
-.a
-1.0
-4.*
-.6
-.3
1.8
-2.9
-.1
2.5
,3
.7
.8
411.2
467.9
410,8
2,632
1,953
5,504
1,665
487
^3,932
2.8
-.2
.4
122,907 229,205 2 7 3 , 9 9 5 198,149 198,517
333.6
AND INCOMPLETE INFORMATION.
-
87.5
.6
.9
.2
*
-3-8
4.6
-1.0
5.5
24
25
26
27
28
406.2 29
AUGUST 2 4 , 1981
Total Claims
Total Claims
51
Total Financial Assets and Liabilities
SEASONALLY ADJUSTED ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL RATES
1980
1978
1979
1980
\
II
I
III
I?
Total Funds Balsed and Advanced in Credit Markets (1)
Total funds raised
in credit markets
286.4
382.2
471.1
475,8
417.4
487.2
278.4
426.7
477.5
2
3
4
5
6
7
8
9
10
262.8
69.0
19.3
174.5
89.6
10.2
5.7
53.7
15.2
333.5
56.6
13-5
263-2
139.1
12.3
12.7
81.9
17.3
396.1
53.7
33.6
308.8
164.3
15.0
15.3
93-3
20.9
394.0
37.4
20.3
336.4
170.6
20.8
14.0
112.6
18.4
356.9
79.2
27.2
250.6
101.7
14.5
15.8
93.2
25.3
402.8
61.5
22.4
319.0
140.2
22.3
19.3
118.7
18.5
257.3
71.6
36.0
149.7
48.2
13,-6
2.8
64.2
21.0
364.2
96.0
25,-1
243.1
104.1
10.1
16-1
80.6
32.1
403.5
87.7
25.3
290.5
114.2
12.1
25.1
109.3
29.7
420.4
127.0
30.4
263.0
123.9
25.4
18.9
65.4
29.4
415,0
51.2
63.8
300.1
118.4
26.3
15.7
119,9
19.7
Nonfinancial sectors
U, S. Government
Foreign
Private domestic
Households
Farm business
Nonfarn noncorp. b u s .
Corporate business
State+local governments
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
23.6
2.9
12.2
.7
5.4
.1
4.3
-1-9
48.8
5.8
16.1
.6
2.0
9.9
16.9
-2.5
75.0
23.1
13.6
.2
7.2
14.3
18.1
-1.4
81.8
24.3
24.0
.2
6.5
11.4
16.8
-1.3
60.5
24.4
18.6
.2
6.9
6.9
5.8
-2.2
84.4
31.4
21.4
-.5
10.0
14.3
9.7
-1-9
21.1
18.8
17.7
1.4
1.7
-17.0
.6
-2.1
62.5
16.4
20.0
3,-0
15.2
10.3
-2,-3
74.0
31-1
15.2
-.2
13.1
15.2
2.3
-2.6
45.2
8, 6
17.2
-.4
1.1
7.0
11.3
.3
112.2
39.6
8,9
-.4
14.5
27.1
23.3
-.8
Financial sectors
Sponsored credit agencies
Mortgage pools
Commercial banks
Bank affiliates
Savings and loan assns.
Finance companies
Beits
11
12
13
14
15
16
17
18
286.4
382.2
487.2
278,4
426.7
477.5
20
21
22
23
24
45.1
28.5
1.2
7.8
7.7
42.4
32.4
1.0
-3.3
12.4
67.3
57.9
1.4
-2.3
10.3
111.0
86.1
1.8
6.5
16.6
58.1
30-6
.5
3.2
23.9
92.4
63.2
.7
12,9
15.5
-22.2
-20,0
7.9
92.9
45.4
2.2
12.1
33.2
69.5
33.6
-1.1
-2.1
39.0
37.9
-1.9
2.1
3.9
33,7
96.6
72.1
3.1
7.3
14.0
Private dom. nonfin. sectors
Households
Nonfarm noncorp. business
Corporate business
State • local governments
20
21
22
23
24
25
26
15.2
7,9
39.4
10.0
37.7
17.1
-7.7
19-0
17.8
23.7
3.5
28.6
39.3
22,2
6,8
20.8
21.6
23.4
52.7
29.5
35.8
30.8
Foreign
U,S. Government
25
26
27
28
29
30
218.1
4.7
12.2
9.8
290.4
6.3
16.1
7.1
345.2
26.3
13.6
7.0
353.5
29.4
24.0
7.7
317.7
25,3
18.6
4.5
362.7
37.4
21.4
2.6
239.1
8.3
17.7
21.5
306.3
28,2
20.0
-15,2
363.0
27.1
15.2
9.1
345.5
9.7
17.2
-7.1
364.0
5a. 5
8.9
-7.8
Financial institutions
Sponsored credit agencies
Mortgage pools
Federal reserve system
27
28
29
30
31
32
33
34
35
59.6
54.9
-.3
4.4
.6
87.6
81.8
.6
4.9
.3
128.7
109.9
-1.0
19.6
.2
121.1
106.7
-.1
14.3
99.7
82.2
-.1
17.0
.5
102.2
96,3
-.7
5.6
1.1
14.7
2.8
.7
10.0
1.2
126.0
101.8
.4
23.8
155.8
128,0
-,8
28.7
-.1
70,5
73,7
-.3
-3.2
.4
133-9
125.8
-1.4
9.7
-. 1
Commercial banking
Commercial banks
Bank affiliates
Foreign banking offices
Banks in O.S. poss.
31
32
33
34
35
36
37
38
39
40
131.8
70.5
51.0
12.8
6.6
173.3
82.0
63.7
11.1
7.2
173.6
73.5
57.6
8.5
7.3
171.3
55.9
47.8
5.3
2.8
169.7
57.6
44.1
6.2
7.4
199.0
44.9
37.4
3.5
4.0
176-9
26.9
19.7
3,6
3.5
147,3
71.2
47.8
9.3
14.1
155.7
87.4
71,3
8.2
7.9
255.2
44.4
38.6
1.5
4.3
175.6
41,6
33.8
2.2
5.6
Private nonbank finance
Savings institutions
Savings + loaa assns.
Mutual savings banks
Credit unions
36
37
38
39
40
41
42
43
44
45
49.7
23.7
3.6
9.8
12.5
67.8
27.5
10.9
11.9
17.5
75.0
33.1
8.3
17.0
16.5
66.4
33,4
8.8
10.8
13.4
79.8
32.9
10.8
20.6
15.5
87.7
36.6
12.9
24.0
14.2
90.8
31.3
12.4
31.3
15.8
75.6
31,6
11.1
16.1
16.8
65.0
31,9
6.8
11.0
15,2
70.9
36,5
4.7
13.5
16.3
81.4
34.2
9.7
20,5
17.0
Insurance sector
Life insurance cos.
Private pension funds
St.*loc.govt,rtr,funds
Other insurance cos,
41
42
43
44
45
46
47
48
49
50
51
11.6
11.9
-3.8
-.2
.6
3.1
23.4
22.4
-2.4
3.9
-.1
-.4
25.2
23.6
-1.1
.8
3.2
-1.3
49.0
26.8
-1.0
1.9
19.8
1.5
32.4
14.0
-.7
4.8
14.9
-.6
66.5
19.0
-.6
2.4
47.3
-1.5
5S.2
9.2
-,3
11.4
42.2
-3.3
.4
5.4
-1,4
7.2
-8,8
-2.0
3.3
22.4
-,5
-1.9
-21.3
4.6
139,9
17.8
-.3
2.1
109,3
11.1
52,6
35.9
-,4
5.8
18,7
-7.4
Finance n . e „ c
Finance companies
.Beits
Mutual funds
Honey market funds
Brokers and dealers
46
47
48
49
50
51
*
-10.1*
*
*
527.2
527.2
Total funds advanced
in credit markets
(1) Excludes corporate eguitties.
Total Claims and Their Belation to Total Financial Assets
Total funds raised (from
preceding table)
Other financial sources:
-1.5
Official foreign exchange
1.4
Treasury curr, and SDB ctfs.
527,2
278,4
426,7
477.5
465.6
6.6
5.5
1.1
3,4
1.3
20.8
-2.5
9.9
1.6
213.6
16,0
80,5
29-2
64,6
20.8
2.5
186.6
20.0
48,0
61.3
41.3
7.0
9,1
207.3
7.3
84,5
62.5
26.5
27.1
-.5
212.5
47.8
87.8
5.1
48.1
19.5
4.1
248.1
-11.1
101.6
-11.9
142.3
29.8
-2,6
345.9
93.5
29.5
148.4
27.0
21.5
26.0
175.1
-49-0
4.7
59-9
108.1
25.3
26.2
12.5
54.3
11.5
77.5
11.8
71.8
11.4
81.6
11.3
90.2
11.4
66.6
11.5
67.5
12.3
73.1
1.2
1.5
53.9
5.2
-12.2
71.0
-4.5
-1,4
68.6
2.8
-13.4
84.2
21.0
10.0
37.8
-3.1
-18.3
53.4
12,7
-.2
28.4
10.3
-24.4
71.3
18.9
.6
16.7
-15.8
^10,3
50.6
24.8
8.0
38.8
-6.1
-16.3
29.9
27.8
31.4
67.1
-.9
-22.4
61.7
21.6
-8-4
43,4
.3
-25.6
51.9
1-3
14.8
59.7
-9.9
-24,0
53.6
-1.3
684.2
15.7
866.1
20.7
882.7
-30.8
799.3
6.6
874.3
-72.6
568-7
-40.5
783.9
-16.7
970.0
-55.2
930,2
18.1
Interbank claims
901.2 Total financial sources
-,8
.6
-1.7
1-3
1-8
-6.5
-.3
-.5
-11.3
*
-6.9*
-.6
2.3
-2.2
-1.3
3.1
-9.8
.5
.9
12.0
-2.7
5.6
4.8
1,0
-.5
-15.9
-20.5
16.3
4,7
16,3
-13.8
4,3
-.2
-.9
9.3
.2
4.2
-.3
-5.4
5.5
-.9
12.7
.8
10.8
1.7
8.6
-.1
-1.7
5.3
1.6
13.2
-.2
-3.4
9.4
.8
-15.4
-.2
-5.1
6.5
2.6
1.0
-.1
-3.5
-3.1
2.7
5.0
-,3
-2,4
16.0
.2
-31.8
-.2
-2.4
18.1
-2.4
-36.0
676.0
856.2
877.5
554.2
794.4
1008.2
286.4
382.2
471.1
475.8
2
3
2.5
1.2
.3
.2
.5
-,4
1.6
8.0
1.3
4
5
6
7
8
9
10
147.7
24.8
123.7
-16.1
13.6
1.7
165.8
30.4
95.1
.2
27.9
10-9
1-3
184.0
32.6
57.0
6.9
62.7
22.4
2.4
181.7
35.9
62.3
34.4
25.9
17.1
6.1
11
12
8.4
44.0
11.5
54.6
12.0
61.8
13
14
15
16
17
18
10.6
12.7
22.2
8.0
-12.0
51.2
5.7
2.2
26.6
-.6
-7.6
44.7
19
20
-9,0
573.8
21
22
23
24
25
26
27
28
*
*
BILLIONS OF DOLLABS.
*
11/81 BASED ON INCOMPLETE
INFORMATION.
-,2
-2,9'
4.0
,8
-9.9
938,0
2.1
7.7
13.1
.9
-23.2
Deposits at financial insts. 4
Checkable deposits +currency 5
Small time • savings dep,
6
Money market fund shares
7
Large time deposits
8
Security BP's
9
Foreign deposits
10
Life Insurance reserves
Pension fund reserves
11
12
Corporate eguities
13
Security credit
14
Trade debt
15
Profit taxes payable
16
Noncorp, proprietors 1 eguity 17
Miscellaneous
18
- Floats not incl. in assets
Demand dep.: U,S, Govt.
Other
Trade credit
- Liabilities not allocated
as assets
Treasury currency
Interbank claims
Security BP*s
Profit taxes payable
Miscellaneous
Totals allocated to sectors
as assets
19
20
21
22
23
24
25
26
27
28
AUGUST 2 4 , 1981
Saving by Individuals
Saving by
Amount and Composition of Individuals' Saving
UNADJUSTED
NET FLOWS
($ HILL.)
UNADJUSTED
I
1
1980
II
III
IV
|
1
1981
I
II
61,946
131.5
13.9
74.4
83,183
-1,072
54,784
-2,984
76,274
6,964
8,541
37,096
21,205
14,964
19,866 -11,469
- 3 , 8 8 0 -2,604
15,349 - 7 , 4 5 5
-341
6,983
-451
-973
5,457
-349
5,725
6,692
-515
5,354
2,721
1,611
2,233
-2,173
1,668
1,441
3,250
-1,662
-1,131
-3,359
3,241
4,691
-11.2
.1
2-3
3,783
-3,813
1,559
-2,603
-145
816
4,048
-1,559
2,200
2,085
- 3 , 2 9 5 -11,207
10.4
-3.8
-1-7
.9
1,617
5,134
-5,491
2,304
-2,565
2,926
5,717
3,642
4,998
6,231
2,852
4,607
4,879
9,898
5,468
2,823
4,630
8,886
14,790
6,661
3,002
5,272
3,922
7,685
7,517
19 G r o s s inv. in tangible assets
20
Owner-occupied h o m e s
21
Other fixed assets (2)
22
Consumer durables
23
Inventories (2)
90,278
24,847
16,655
48,788
93,315 105,598
22,891 25,097
21,681 20,177
50,740 61,707
-1,997 -1,383
93,918 105,880
24,089 22,799
17,394 23,405
52,520 58,891
-12
92,414
20,956
20,968
50,624
-134
-85
785
2.8
2-0
24 Capital consumption allowances
25
Owner-occupied h o m e s
26
Other fixed assets (2)
27
Consumer d u r a b l e s
70,171
10,770
16,611
42,790
72,092
11,145
17,085
43,862
73,965
11,587
17,317
45,061
75,920
12,098
17,432
46,390
77,874
12,506
17,843
47,525
79,976
13,004
18,142
48,830
108.1
13.3
24.1
70.7
118-3
14.8
26.9
76.5
28 Net i n v . in tangible assets
29
Owner-occupied h o m e s
30
Other fixed assets (2)
31
Consumer durables
32
I n v e n t o r i e s (2)
20,107
14,077
19,350
11,304
4,364
5,679
-1,997
29,678
12,999
2,745
15,317
-1,383
16,044
11,583
-449
4,995
25,904
9,795
5,263
10,061
64.8
20.7
14.7
26.6
-12
20,322
9,811
3,883
6,762
-134
-85
785
33 Het i n c r e a s e in debt
34
Mtg. debt on nonfarm homes
35
Other mortgage debt (2)
36
Consumer credit
37
Security c r e d i t
38
Policy l o a n s
39
Other debt (2)
31,662
24,400
3,225
-3,866
21,879
13,571
5,281
-6,298
38,419
21,341
4,939
4,550
555
692
2,098
5,250
2,522
6,111
677
834
6,078
50,096
24,075
4,624
7,921
3,091
1,230
9,151
25,757
17,773
3,123
-2,484
-2,199
1,821
7,723
40 Individuals*
66,228
51,941
72,526
62,765
66,561
77,783
-7,204
26,285
15,322
5
6
7
8
9
10
11
12
13
14
15
16
17
18
Securities
O . S . savings bonds
Other U . S . Treasury secur.
U . S . Govt, agency secur.
State • local obligations
Corporate • foreign bonds
Open-market paper
Mutual fund shares
Other c o r p o r a t e eguities
Private life i n s u r a n c e r e s .
Private insured pension r e s .
Private noninsured pen. r e s .
Govt, i n s u r a n c e + pen. r e s .
Miscellaneous finan. assets
saving
(1*28-33)
-989
1,835
-76
44
5,998
(1) Combined statement f o r h o u s e h o l d s , farm
and nonfarm noncorporate b u s i n e s s .
(2) I n c l u d e s c o r p o r a t e
495
21,136
15,632
328
2,827
business,
farms.
11/81 BASED OH PBELIMIHABY AND INCOMPLETE
53,498
1NFOBMAIION.
-154
-162
563
-2,726
2,837
5,038
4,915
5,592"
7,381
2,839
6,644
3,490
2,712
5,755
41
HET F L O M S
BILLIONS OF OOLLABS
1972
1973
1974
91,595
17,794
29,290
1,264
1 Increase in financial assets
2
Checkable deposits and curr.
3
lime and savings deposits
4
Honey market fund shares
Individuals
(1)
102.1
12-2
67.7
2.3
148.9
14.11
63.6
144.5
7-4
55.-7
-
-
2.4
2.4
3.3
-.2
2.9-1
34.2
($ HILL.J
1975
171.7
6.9
83.4
1.3
1
2
:
4
25.5
4.0
15-7
-1-0
6.2
5
6
7
8
9
8.9
-4.4
--3
-3.5
10
11
12
13
14
15
16
17
18
2-7
3.0
14.5
12.7
3.3
5.3
4.1
8.3
-.1
1-9
9-1
-.2
5.1
1.7
.9
-6.4
-5.1
-5.5
-1.6
6.3
4.6
7.1
9.5
5.8
6.7
4.4
6.7
7.4
5.5
8.3
11.6
11.4
11.8
10-7
12.6
S.\
8.5
8.5
8.1
11-8
15.1
11-1
172.9
34..0
38.8
97,2
201.4
42.8
45-5
111.1
221.1
48.1
51.0
123.3
4.7
210.8
44-9
46.2
121-5
-1-8
222.3
45.6
42.0
132.2
2.4
19
20
21
22
23
129.1
17.1
29.0
82-9
146.5
IS-7
33-7
93.1
166.6
22.2
38-7
105.7
24
25
26
27
83-2
28-0
18.6
34-6
98-1
31.0
22.0
40.4
2.8
2-0
4.7
£4-2
25.2
12.5
28.4
-1-8
55-7
23-5
3~3
26-5
2-4
28
29
30
31
32
46,4,65
16,104
7,902
9,280
2,296
1,275
9,608
62.8
26.2
13.4
14.7
91.2
41-4
16.8
19.8
67.9
35.4
12.7
2.7
1.0
4.9
4.5
1.0
7.7
99.1
47.3
15.8
24.3
-4.3
63-5
38.0
7.0
9.6
.7
1.6
6.5
33
34
35
36
37
38
39
41,385
104.0
123-5
-10.7
-3.9
-2.1
6.5
6.6
6-4
9-9
-1-8
13.8
2.7
8.9
147.9
140.8
2.2
164.0 40
AUGUS1 2 4 , 1981
Saving by I n d i v i d u a l s
Saving by Individuals
53
Amount
SEASONALLY ADJUSTED ANNUAL
id Composition
SEASONALLY ADJUSTED ANNUAL RATES
1
I
1980
1977
1978
1979
1980
1
2
3
4
211.2
15.7
107.5
234.5
21.3
107.5
271.6
23.1
100.1
6.9
306.1
10.0
131.5
29.2
314. 1
.2
287.2
23.4
78.6
34.4
5
6
7
8
9
16.3
17.3
40-3
57.0
4.7
1.8
3.8
2.0
4.7
6.4
5.7
3.9
-.8
19.2
32.5
20. 1
20-5
-7.3
19.0
54.3
-13.3
38.8
24.8
10
11
12
13
11.8
-3.1
-2.4
-2.2
14
15
16
17
18
8.2
-1.5
7.6
1.8
2.4
9.7
3.0
I
4.6
85.6
61.3
3.3
32.8
-3.1
23.9
18.0
-3.8
13.5
-22.2
-6.0
-22.3
7.9
5.1
4.0
1.3
10.0
20.9
Securities
U.S. savings bonds
Other U,S. Treasury secur.
0. S- Govt- agency secur,
State * local obligations
5
6
7
8
9
Corporate • foreign bonds
Open-market paper
Mutual fund shares
Other corporate equities
10
11
12
13
-10.9
-5.4
-20.8
20,. 8
42-3
22.4
11.3
18.5
34-3
37.3
28.4
11.3
20.2
18.4
28.1
27.5
11-4
26.6
15.8
25.4
22.4
12.0
21.1
17.1
35.1
30.3
-.5
359.9
95-0
72.6
194.4
-2.2
367.5
85.9
80.1
208.8
-7.2
395.6
91.6
85.1
223.3
-4.3
422.0
100-2
84,5
238.3
-1.0
412.7 Gross inv, in tangible assets
102.8
Owner-occupied homes
81.4
ether fixed assets (2)
227.0
Consumer durables
1.5
Inventories (2)
19
20
21
22
23
280.7
43.1
66.4
171.2
288.4
44.6
68-3
175.4
295.9
46,3
69.3
180.2
303.7
48.4
69.7
185.6
311.5
50.0
71.4
190.1
319.9 Capital consumption allowances
52.0
Owner-occupied homes
72.6
Other fixed assets (2)
195.3
Consumer durables
24
25
26
27
89.5
48.2
11.0
33.8
-3.5
122.7
59.9
13.5
49.8
71,5
50.4
19.0
-2.2
71,7
39.5
10.8
28.5
-7.2
91.S
43.2
15.3
37.7
-4.3
110.5
50.1
13.1
48.2
-1.0
92,8 Net i n v . i n tangible assets
50.8
Owner-occupied homes
8.8
Other fixed assets (2)
31.7
Consumer durables
1-5
Inventories (2)
28
29
30
31
32
142-1
83-4
18.1
189-1
104.2
20.4
23.2
26.6
2.2
8.4
30.6
72-4
64.7
11.4
-33-4
2.8
10-1
16-9
138-1
80.9
16.1
8.3
2.7
3.3
26.7
168.7
83.8
24.3
11,1
12.4
4.9
32.2
164.1
77.6
20.4
27.5
-8.8
7.3
40.1
174,1 Net increase in debt
76-7
Mtg, debt on nonfarm homes
Other mortgage debt (2)
21.1
30.9
Consumer credit
Security credit
9.2
5.1
Policy loans
3U2
Other debt (2)
33
34
35
36
31
38
39
224.5 I n d i v i d u a l s 1 saving <1*28-33)
35.1 - Govt, insurance • pen. ores.
31.7 - Net investment in c o n s , d u r .
- Capital gains dividends
from mutual funds
4.0
-.2 - Net saving by farm c o r p s .
153.9 = Personal saving, F/F basis
40
41
42
-6.3
-,-9
11-4
20.0
22.3
35.3
25.7
11-7
22.9
15-8
320.7
80.7
58.6
178.8
366.4
97.1
67.7
199.3
398.7
106.6
75.9
212.3
2.5
2.3
3.9
381.6
93.8
79.5
211.9
-3,5
403.4
102.9
80.0
220.9
23
262.6
60.6
46.2
156.8
-1.0
24
25
26
27
183.2
24.5
41.8
116.9
203-7
28.6
46-5
128.6
229.5
33.6
52.9
143.1
260.0
39.1
61.0
159.9
292.1
45.6
68.4
178.1
28
29
30
31
79.4
36.1
117.0
52.1
12.2
50.2
137.0
63.6
14.9
56.3
138.7
67.5
14.8
52.4
2.5
2-3
3.9
4.4
33.3
24-7
-.5
15.3
-26-8
10.3
-8.0
11,-4
18.4
4.3
33
34
35
36
37
38
39
115.1
61.5
11,-6
25.4
169.2
93.0
16.7
40.2
203.2
107.6
17.8
47-6
4.8
1.4
1.3
1.7
1.3
2.6
10.4
16.3
26.3
210.8
114^6
20.0
46.3
-1.2
4,-7
26.3
40
41
42
175.5
17.7
40.0
182.3
22.5
50.2
205.3
27.9
56.3
215.1
24.4
52.4
253.5
35.3
33.8
247.7
33.3
49.8
250.4
42,-3
19.0
259.2
37.3
28.5
256.5
28.1
37.7
252.7
25,4
48.2
43
44
45
.5
-.1
117.5
.6
-.2
109.2
-7
-.2
120.7
.9
-.2
137.6
1.7
-.5
183.2
1.6
-.4
163.4
1.2
-.5
188.4
1,8
-.5
192.0
2.2
-.6
189.0
4,2
-.6
175.5
46
82-5
74.1
76.3
86.2
101.3
86.3
110.0
111.4
97.6
89.0
47
35.0
77.1
78.4
80.7
51.4
28.4
-2.9
26.8
17.5
14.2
-7.2
12.2
10.0
-42.4
12-3
16.2
14.0
24.4
26.9
44.4
2.3
5.0
6.7
81-9
91.5
86.5
Private life insurance r e s . 14
Private insured pension res, 15
Private noninsured pen,, r e s . 16
Govt- insurance • pen. x e s . 17
Miscellaneous finan, assets 18
105.1 Personal saving, NIPA basis
48,8 Difference
(1) Conbined statement f o r h o u s e h o l d s , farm b u s i n e s s .
and nonfarm noncorporate b u s i n e s s .
(2) Includes corporate f a r m s .
BILLIONS OF D O L L A B S .
11/81 BASED ON
1
2
3
4
8.9
-16.1
35.1
305.9 Increase in financial assets
-3.1
Checkable deposits and curr.
105,0
Time and savings deposits
59-9
Honey market fund shares
6.3
11-7
18.3
15.9
27.9
27.3
40.0
-1.0
306.. 3
64.2
14.3
148.4
-10.5
-5-2
32
5.1
-3.2
224.8
-11.9
.1
11.3
14.9
17.4
22.5
22.0
4.4
-22-9
-9.1
-.4
2.1
-6-3
333.3
II
5.5
-4.8
19
20
21
22
325.5
43.2
114.7
I
-5.8
4.0
.2
15.3
11.2
17.7
19.3
251.3
-4.6
100.9
62.5
IV
1
6.8
-2.6
-7-6
-2.6
16.3
III
1
4.9
5.8
7.5
-.6
9-8
.4
II
J
|
-1-8
12-0
-.5
-3.6
(1)
RAIES
1976
*
of I n d i v i d u a l s ' Saving
INCOMPLETE
43
44
4b
46
47
hUGbul 24, 1961
Discrepancies
34
Direr*ranci es»
Discrepancies - Su*reary tot
Sectors a m
Transactions
UNADJUSTED NF1 FLOWS ($ MILL.)
UNADJUSTED NET FLOWS ($ HILL.)
IV
|
J
BILIIOHS OF DCLLAfiS
1972
1973
1974
1981
I
II
1975
Sector Discrepancies
1 Total, all sectors
Households
2
Nonfin. corporate easiness
3
4
State and local governments
5
U.S. Government
6
Foreign
7
8
9
10
Financial sectors
Sponsored credit agencies
Monetary authority
Coanercial banks
11
12
13
14
15
16
Private nonbank finance
Savings and loan assns.
Mutual savings banks
Life insurance
Other insurance
Finance n.e.c.
-11,171
8,006 -17,160
-30,344 -22,472 -21,308
9,274 10,180
9,54 9
5,011
1,918 -1,394
1,546
3,400 -5,920
6,149 16,604
5,222
7,747
11,677 -12,016
-7,778 -32,801 -15,765
17,677
5,212
3,081
4,2*7
5,288
1,765
176
5,085
4,255
480
7,442
8,691
-1.9
-6.7
11.0
6.1
.3
-9.8
-4.7
-23.2
16.7
4.9
.2
-1.9
-15.4
16.7
2.6
1.3
-2.1
.4
-14.4
12.9
4.9
-.7
-2.4
4.2
-27.8
17.0
6.8
2.7
5-5
-2.8
. 1
-1.3
.1
-3-1
.2
.1
.1
*
.3
*
1
2
3
4
5
6
-3,082
-62
-718
278
-3,940
215
-3,145
149
-2,242
49
720
-144
-2,879
-
-2,501
-
-3,287
-
-1,900
-
-2,434
-
-2,420
-
-2.1
-2.0
-4.1
-3-2
-141
104
64
-336
151
-124
1,505
196
295
-76
126
964
-868
241
264
-1,412
-360
399
-1,394
-71
112
210
-222
-1,423
143
946
192
-329
-259
-407
3,284
888
179
-60
525
1,752
-.8
.4
-.2
.4
-1.1
-.3
.6
1.5
.8
.2
-.1
-.4
.1
1.0
3.2
.1
.1
.5
1.1
1.4
-.3
*
-.1
-.4
-.9
1.0
11
12
1i
14
15
16
4.2
*
-.6*
-.2
7
8
9
.1 10
Transaction Discrepancies
1 Total, all types
2
Treasury currency
3
Interbank claias
4
Security HP , s
Deaand deposit sail floats:
5
U.S. Government
6
Other
7
8
9
10
11
12
Trade credit
Profit taxes payable
Miscellaneous
Nonfinancial
Nonfinancial components:
NIPA discrepancy (neg.)
Pvt. wage accr. less disb.
11,677 -12,016
-43
-54
993
-1,109
604
2,789
7,747
521
1,953
5,504
•1.9
•1.0
2.8
-4.7
-.2
-4.6
-.6
.6
.9
.4
-.1
2.5
.3
-3.8
4.6
1
2
3
4
697
14,699
-5,308
-5,373
3,960
200
-.3
2.2
.4
4.7
.3
-.4
-.1
.4
-.1
1.6
5
6
-3,045 11,546
-1,757 -2,614
-8,719 -11,865
2,433 -2,423
-9,384
2,632
487
3,387
854
1,665
-3,932
-2,978
•1.2
-.2
.4
•4.5
-2.9
-.3
1.8
-3.0
2. 1
.2
-2.9
-.7
-.4
-7
.8
-3.7
2.8 7
-1.0 8
5.5 9
-5.5 10
2,553
-130
-3,387
2,978
4.1
-4
3.7
-.3
5.5 11
12
11,171
-53
665
1,336
8,006 -17,160
-64
-31
-891 -2,020
1,316
3,939
-465
-8,628
-70
3,354
13,192
3,019
2,951
3,196
2,479
2,132
2,186
-2,469
-3,196
2,469
-783
-7,144
-2,563
130
11/81 BASED ON PRELIMINARY AND INCOMPLETE INFORMATION.
*
3.3
*
*
.8
*
-
*
-
AOGUSI 24, 1981
Discrepancies
Discrepancies
ss
Discrepancies - Suanary for Sectors and Transactions
SBASOBA1LY ADJUSTED AllOAL BASES
1976
1977
1978
SEAS01A1LI ADJUSTED A1B0AX BATES
1979
1980
1
1
1981
1980
11
I
III
IV
|
II
Sector Discrepancies
3.8
1
2
3
4
5
6
5.7
-35.0
22.0
8.3
4.8
9.6
-35.1
36.0
7.3
5.1
-2.7
3.4
-44.4
30.0
10.9
4.3
10.7
9.1
-51-4
27.8
11.0
7.4
24.6
-8.6
-81.9
46.7
9.8
-.8
28.5
-5.7
-77.1
49.3
8.8
-4.3
28.5
16.3
-78.4
43.6
7.4
5.8
47.6
-14.0
-80.7
39.3
10.4
-2.5
30.3
-31.1
-91.5
54.5
12.6
-2.1
7.4
-11.0
-86.5
28.0
9.1
10.0
35.5
7
8
9
10
-4.0
.3
-6.8
.4
-8.1
.5
-10.3
.7
-10.9
•6
-11.0
-9.7
1.4
-10.8
1.1
-12.1
-.2
-7.1
.5
-4.6
-.3
-1.4
-6.3
-8.3
-10.1
-10.6
-11.9
-9-4
-10.9
-10.0
-9.8
11
12
13
14
15
16
-2.8
-.2
-.2
.2
-2.8
.1
-.8
-.7
-.3
1.6
-1.8
.4
-.4
-.8
-.9
.5
.7
-1.6
-.3
-.2
1.0
.2
.9
-1.0
1.3
-.6
-1.7
.7
1.0
-.7
-2.0
-.7
-.9
1.0
.5
-2.5
-.4
.5
-1.9
2.1
3.6
1.7
-.8
-.1
-2.2
*
1.5
-.3
-.8
-.9.
-.7
.1
-2.2
2.1
-.2
*
*
.5
-2.3
-.1
.1
14.3 Total* all sectors
Households
-48.8
lonfin. corporate business
40.1
State and local governaeats
7.6
O.S. Governaent
7.7
Foreign
12-3
1
2
3
4
5
6
-9.2
Financial sectors
Sponsored credit agencies
Boaetary authority
Coaaercial banks
7
8
9
10
4.9
3.4
.5
-.5
-.6
2.1
Private neabank iinance
Savings and loan assns.
flutoal savings banks
Life insurance
Other insurance
Finance jue.c
11
12
13
14
15
16
14.3 Total, all types
Treasury currency
2.1
Interbank claias
7.7
Security BP»s
13.1
Deaand deposit aail floats:
O.S. Goveraaeat
16.3
Other
-13-8
1
2
3
4
Trade credit
Profit taxes payable
Biscellaneous
Bonfinanclal
7
8
9
10
Transaction Discrepancies
1
2
3
4
5.7
-.2
-.9
9.3
3.8
-.3
-5.4
5.5
.8
10.8
5
6
-.8
.6
1.3
1.8
-.3
-.5
7
8
9
10
-1.7
.2
4.2
-5.1
-6.5
-.9
12.7
-4.4
-11.3
1.7
8.6
-6.4
11
12
5.1
4.4
6.4
BILLI01S OP DOLLABS.
3.4
*
-8.6
-.2
-3.4
9.4
-5.7
-.2
-5.1
6.5
16.3
-.1
-3.5
-3.1
-14.0
-.3
-2.4
16.0
-31.1
-.2
-2.4
18,1
-11.0
-.2
-2.9
4.0
-.6
2.3
-1.3.
3.1
.5
.9
-2.7
5.6
1.0
-.5
-20.5
16.3
-6.9
1.6
13.2
-2.2
-2.2
.8
-15.4
.7
-9.8
2.6
1.0
-2.5
12.0
2.7
5.0
1.9
4.8
.2
-31.8
-3.6
-15.9
-2.4
-36.0
7.1
4.7
.8
-9.9
2.2
-.7
2.5
-1.9
3.0
.5
-6.6
-.5
9.1
-.1
-1,7
5.3
*
*
11/81 BASH) OB IBCOBPL1IB IBPOBflATIOl.
-3,3
3.3
4.3
.9
-23.2
6.9
-6.9
lonfinancial components:
•IPA discrepancy (aeg.)
Pvt- aage accr. less disb.
5
6
11
12
@FedFRASER