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V
i
F/F Unadj
E /7 1
August 6, 1971
j
L I B R A R Y
RESERVE'S^
Flow of Funds,
Unadjusted
2nd Quarter, 1971
Preliminary
Division of Research and Statistics
Board of Governors of the Federal Reserve System
Washington, D.C.
TABLE LIST
SUMMARY TABLES
Credit Market Summary
Net Investment and Borrowing
SECTOR TABLES
Households
Total Business and Noncorporate Business
Nonfinancial Corporations
Governments
Banking System
Nonbank Finance Summary
Insurance Companies and Pension Funds
Finance N.E.C. and Foreign
Rest of the World
TRANSACTION TABLES
Monetary and Insurance Reserves
Money and Deposits Summary
U.S. Government Securities
Private Securities and Mortgages
Mortgages by Type
Consumer Credit and Bank Loans N.E.C.
Other Loans, Including
Security Credit, Trade Credit, and Taxes
Miscellaneous I
Miscellaneous II
Total Claims--Recapitulation by Type
Saving by Individuals
6 AUGUST 1971
C R E O I T <^A<?KFT SUMMARY
r 5 C T [ T MftOkTT
T N C P F O I T MARKETS 8 Y NOM^ IN AMT I Al
(M I L L TONS OF DOLLARS )
T I T AL FUNDS R A I S F O
J NAnj USTFD
QUART ERL Y FLOWS
1967
I
|
I I I
' I VADJ UST e n
I 960
|
I
I I I
I.
19*9
I
I T
FUNOS 9 A I S F D ,
f
I
RY T YPF
IT
III
1
QM/\PTr q, v Finu<;
1970
I
C i ^MAj y
SFCT03S
|
I
IV
1^71
I
IT
AMO SPT.TOQ
T OT A L FUNDS R A I S F D
8 Y NONF T NANCT AL SFCTORS
1
70,347
13,448
77,178
74, 213
^7,696
21, 039
37, 030
296 - 1 2 , 1 7 5
88 - 1 1 , 6 4 1
208
- 534
7 , 336
2,456
-120
-6,400
-5,890
-510
7,533
7,445
188
9 , 243
8,875
368
1, 580
2, 306
-726
1,623
1,874
-251
16,464
73
16, 391
32,517
889
31,628
11 , 1 1 2
I ,485
9,677
7*, 578
1,505
27, 073
16, 580
1,342
15, 738
28, 453
2, 471
25, 98?
19, 459
2, 784
17, 175
35,407
7,710
37,697
17,649
7,044
3,616
6,989
3,911
801
1,557
770
12,599
2,800
3 , 753
6,046
3,390
9 17
1,206
533
14,733
3,09*
3,506
7,629
4,343
1,182
1 , 371
733
9,682
1, 781
3,548
4,353
1,987
1,037
958
371
15,000
3,307
5,763
5,930
2,940
1 ,350
1,131
5 09
15, 448
2,390
5,757
7,601
4 , 134
1,579
1,387
501
18,628
4,640
6,036
7,952
3,735
1,896
1,927
394
1 9 , I 71
5,976
6,680
6,565
7,956
1,436
1,688
485
7 1 , R9 6
4 , 844
6,424
10, 628
5,978
1,913
7,044
693
D F 9 T C A P I T A L T N S T RJ MF NT S
S T . ♦ L ' I C U SOVT. SEC.
CORPORATE ♦ F G N . BONDS
MORTGAGES
HOMF MTGS .
OTHER R E S I D E N T I A L
COMMERCI AL
FARM
8
9
10
11
12
13
14
15
462
-1,658
- 1 , 151
467
2,804
11, 987
6 , 1 59
3, 6 39
-137
2,321
3,79 7
864
-1,241
1,568
7, 601
17,395
8,656
4,112
966
3,661
-55
-1,833
-2,771
1 ,637
2,912
12,073
6,11 6
2,844
317
2,796
-710
-3,134
1,365
534
995
7,354
1,502
7, *9 5
1,277
1,680
-1 ,996
-3,023
-3,198
1,177
3,048
10, 801
5,985
3, 672
-1,181
2,325
OTHER P R I V A T E C R E D I T
BANK LOANS N . E . C .
CONSUMER C R F D I T
OP E N- MA RKE T PAPER
OTHER
16
17
18
19
20
1 0, 668
1,030
1,475
7 , 740
5,423
3,993
371
1,059
24, 533
361
2,139
9,279
12,754
9,458
1,843
1,453
16,464
867
2,937
3,172
9,488
7,055
1,124
1,309
37,517
1 ,436
3,173
11, 179
16,729
12,866
2,724
1,639
11,112
480
1,915
412
8,305
6,828
344
1,133
28,578
390
3,356
7,479
17,353
13,964
1 ,766
1,623
16, 580
567
2,284
4,970
8,759
6,477
1,900
482
28,453
1,177
4,690
8,732
13,854
11, 482
2,375
-3
19,459
1,057
6,019
93
12, 290
9,381
1,502
1,407
35,407
1,630
4,88*
11, 369
17, 520
12, 908
2,663
1 , 949
1
1 1 ,564
1.4, 274
16,238
70,894
?
3
4
7,507
1 ,056
1, 451
- o , 095
-9,691
1 , 596
5 , 570
5 , 2.31
339
-3,639
-4,543
904
5
6
7 .
9,050
207
8,85?
7 ?«369
466
21, 903
10 , 6 6 R
381
10,287
24,533
-103
24,636
9
9
I n
11
12
I3
14
15
8 , 070
1 , 468
3,432
3,170
1,276
714
747
433
t 2,582
3,531
3,856
5 , 195
7,433
848
1,370
594
9 , 8 7*;
1,418
2, 892
5,515
3,030
667
1, 246
572
16
17
I8
19
70
78 ?
-699
-2,317
1, 1 56
2,637
9,321
5,335
7, 110
992
884
71
2?
73
74
75
?6
”>7
?*
9,059
1,245
1 ,478
-379
6,715
5 , 1 92
345
1, 17*
22, 369
816
3,581
5,837
17, 140
9 , 255
1,415
1,470
II.
16,760
RI NDS ADVANCED D 1 R F C T L Y
IN CREDI T
U.
7
3
4
S. GOVER NMF NT
P U B L I C DF BT S F C U R I T I F S
8 J 0 G E T AGENCY TSS' JES
ALL
OT H r R N O N F I N . SECTORS
: O R P n R A T F E Q U I T Y SHARPS
D E BT I NST RUMENT S
5
6
7
21
22
23
24
25
26
27
28
BY BORROWI NG SECTOR —
F OREI GN
ST AT E*LOCAL GOVTS.
HOUSEHOLDS
NONFI NANCI AL BUSI NESS
CORPORATE
NONFARM NONCORPORATE
FARM
MARKETS
1
1
11, 566
14,274
16, 238
20, 894
16,760
20,342
13, 448
22, 178
24,213
37,696
21,039
2
3
4
5
2,153
598
-95
-693
797
450
-251
-701
1,487
33
1, 171
1,138
1,549
221
1,609
.1,388
738
146
1,012
866
3 25
-79
2,252
2,331
1,100
-108
3,525
3,633
799
504
2,086
1,582
854
- 105
1,868
1,973
4 44
9 03
2,401
1,498
1,183
666
225
-441
3 7 , 0 3 0 T 3 T A L FUNDS R A I S E D
ADVANCED D I R E C T L Y B Y 756 U . S . GOVERNMENT
-1 , 7 3 1 U . S . S . CREDIT AGENCIES,NFT
-1,135
FUNDS ADVANCED
596
L ESS- F UNDS RAI SED I N C R. MKT.
2
3
4
5
6
7
8
9
553
1,066
1,267
201
1, 8 4 1
10, 071
10, 090
19
520
-3,649
-3,654
-5
2,581
10, 241
10,418
177
-496
-6,618
-6,399
219
1,637
10,045
11,170
1,125
-1,341
-8,390
-6,115
2,275
1 , 959
8,185
9,221
1,036
2,225
12, 642
9,754
- 2,888
2, 137
18, 845
16,614
-2,231
2,284
1,357
1,040
-317
1 , 0 9 7 F EDERAL RF SERVE S Y S T E M.
1 4 , 2 3 2 COMMERCI AL BA NKS , N E T — '
14,619
FUNDS ADVANCEO
387
L E SS- FUNDS RAt SEO IN C R . H K T .
6
7
8
9
10
1 I
12
13
14
15
8,403
4,284
4,406
-287
459
746
*,503
4 , 340
4 , ?03
-40
-7
33
9,416
4,474
5,714
-77?
98
870
7,330
2,951
4,608
-229
3,549
3,778
8, 711
4,566
5,363
- 1 ,218
-1,784
- 566
9,040
2,997
6,171
-128
5,557
5,685
7,122
1,784
6,231
-893
-1,430
-537
9,579
3,491
6,024
64
716
652
11, 108
4,733
6 , 186
189
2,165
1,976
11,050
4,668
6,483
-101
3,406
3,507
18,536
11, 960
7,612
-1,036
-1,899
-863
1 8 , 3 1 4 P V T . NONBANK F I NA N C E
12,042
SAVI NSS I N S T I T U T I O N S , N E T l /
6,974
I NSURANCE
- 702
F I N A N C E N . E . C . , NE T
721
FUNDS AOVANCEO
1,423
L E S S - F U N D S R A I S E D I N MKT S.
10
11
12
13
14
15
16
222
564
-398
-722
-349
24
1,964
2,099
2,597
4,21 6
6,512
17
18
19
70
21
-1,429
-2,314
208
243
-434
-7,952
- 2,210
740
-5,757
725
9 , 8 29
1,308
739
5, 870
-912
-306
1 ,695
-318
-499
1, 184
14, 678
2,628
2,868
8,389
-743
-650
1,908
841
-3,503
-104
13, 101
2,716
273
9,098
-1,014
-947
1,733
-1,272
-2,007
-599
-5,109
-8,999
- 2,010
5,835
-74
101
3,55 8
-798
-2,372
287
-9,499
-699
1,163
-9,797
166
-452
22
651
750
-447
-318
1,501
1 , 398
1 ,090
793
73
74
10, 915
1, 856
13, 524
-8,845
16,685
6 , 017
21,212
-3,371
17, 212
18, 841
748 - 1 3 , 6 7 6
12,050
93 8
21,088
-7,490
23, 420
6,840
75
76
2
996
1,201
9,981
1, 372
-3,941
2,334
10,797
-508
-6,177
1,213
-1,130
8,970 -10,030
2,273
6,803
1,985
12,7
III.
1
11, 566
14,274
1 6 , 738
7 , 168 F ORE I GN
16
- 2 , 8 0 6 P V T . DOME S T I C N O N F I N A N C l A l
9 07
BUSI NESS
675
S T A T E ♦ L OCAL G O V T . , GE N.
-3,838
HOUSEHOLDS
550
L F S S - N E T SECURI TY CREDI T
-3,564
4 , 2 7 9 MEMO* U . S . G O V T . CASH BALANCE
-650
T O T A L S NET OF CHANGES I N U . S . G O V T . CASH BAL A NC ES —
3 2 , 7 5 1 T O T A L FUNDS R A I S E D
24, 603
38,346
5,144
-2,656
BY U . S . GOVERNMENT
9,893
NE T FUNDS ADVANCED BY—
2,235
698
2,530
FEDERAL RESERVE SYSTEM
10,392
19,417
4,775
: ommfr: i a l ban ks
20, 894
16,760
20,342
13,448
22,178
24, 213
37,696
21, 039
T OT AL B3RR0WTNG BY
37,030
N O N F I N A N C I A L SECTO&S
F I NA N C E D 01 R E C T I Y AND I N D I R F C T L Y
25
26
i
RY- -
6,193
7,67?
-5,414
13, 036
8,979
4,057
5,517
13, 469
7,979
10, 490
5,245
5, 745
10,045
1,216
-7,505
8,771
5 , 768
7,953
9,822
10,128
5,014
5,114
1,706
3,408
8,110
-6,518
-9,250
2,737
-565
3,297
2,567
6,376
3,217
-6,725
3,025 - 1 0 ,7 3 8
192
4,013
-2,416
7,973
2,608
1,040
13,5*4
14, 4*1
3,044
I 1,437
7,296
4,141
17, 975
23, 084
1,817
21, 267
16, 857
4,410
30, 311
30,710
12,006
18,204
11, 323
6 , 881
P R I V A T E DOMF S T I C N O N F I N A N C I A L S EC T ORS :
10, 717
21, 644
T OT At
20,716
24,450
DEPOSITS
-8,127
7,537
DEMAND D E P . ♦ CI JR»FNCY
28,343
16, 918
T I mf AND S VGS. ACCOUNTS
1 5, 79 1
6,103
AT COMMERCI AL BANKS
10, 815
12, 557
AT S A V I N 5 S I N S T I T .
«
9
10
11
12
-1,429
-1,062
- 1 75
-676
-434
-7,952
-6,224
928
-1,931
725
R, 879
6,641
524
752
-912
-306
- 1,112
4,419
-2,429
1, 184
14,678
9,363
4,813
-291
-743
-650
-4,346
5,976
-2,384
- 104
1 3, 10 1
5,286
7,26?
-461
-1,014
- 947
-6,93?
6,203
- *17
-599
-5,109
-506
-5,725
648
-74
101
-4,630
6,976
-1,958
287
-9,499
-8,850
1,694
-2,168
166
-7,806
-7,843
2 , 186
-1,599
550
13
14
15
-615
-837
222
1, 130
566
564
-350
48
-398
408
1,130
-722
7,787
3,136
-349
3,560
3,536
24
1,9*7
23
1,964
517
-1 ,587
2,099
108
-7,489
7, 597
-169
-4,385
4 , 216
1,988
- 4 , 5?4
6,512
6,504
-664
7, 168
16
17
18
19
651
2, 153
3,931
-747
750
797
4, 182
1,898
-447
1,487
4 , 289
1,214
-318
I ,549
4,336
5,097
-452
738
3 , 796
1 , 7 81
1,501
325
5,378
7,011
1 ,398
I ,1 00
4,754
-2,167
t ,090
799
5,430
ROR
793
854
5,090
- S 07
-650
444
5,707
2,053
-3,564
1,183
6 , 448
4,267
4 , 270
756
6 , 700
353
estimatf
22
23
24
SOURCES OF FUNDS S UPPL I E D TO C R E D I T M*RKFTS
7
3
4
5
6
7
T I / 7 1 IS PRELI MI NARY
17
18
19
20
21
based
ON T N C O MP l F T E
I N F OR MA T I O N.
1/
21
3/
C R E D I T MKT . I N S T R . , NET
U . S . GOV T . S F C U R I T I F S
P V T . C R F O I T MKT. I N S T R .
r 0 RPOR4 TF E Q U I T I E S
LESS S E C U R I T Y OF R T
OTHPR SOI JRCFS:
F O ^ F I G N RI NOS
AT RANKS
DIRECT
7 HG. IN U . S . '>r*VT. CASH RAL .
J . S . r,ov T . LOANS
° V T . I N MJ 0 . A NO PF NSI ON RFS .
SOURCE S N . E . C .
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
1*
10
Excludes sponsored credit agencies. See Part II. line
unconsolidated bank affiliates.
1Includes open-end investment companies.
1Includes
«. A' ir.tjST 1971
><FT I N V E S T ME NT
NFT
I N V E S T ME N T
♦ BORROWI NG
«• ^noonWTMr ,
2
PRTV/VTP
mMfSTir.
NFT
I MVF ST MF NT AND 90RR OW! NG I N C R F O I T
( M I L L I O N S OF OOLI ARS1
MARKETS
U N A D J U S T E D QUART ERL Y FLOWS
1^67
I
TT
1 9*«
I
I
I
I I
I
I
1 969
I
1
I I ! 1
1 9 70
I !
1
Ill
TV
I|
11
1971
11
I
1
7
43,59^
3 1 , 1 1 ft
17, 4ft1
4 7,129
3 1 , 69ft
15, 431
46,^65
3 3, 957
17,413
53, 611
34,702
1 ft , Q09
5 1, 976
37,134
14,697
58,763
•*8,057
2 f' , ">06
51,775
40, 471
10,854
57, 854
41 , 7 0 9
16,645
54, 331
41 , 7 9 5
l?,S36
58, 491
42, 309
16,182
56,587
47, 931
13,656
T OT A L * HOUSFHOLDS AND B US I NE S S
#, 4, 370
T O T A I C A P I T A L OU T L A Y S ( 1 1
4 3, 485
C A P I T A l CONSUMPT I ON ( 21
20,885
N F T P H Y S I C A L I NV E ST ME NT
4
6,3^*>
*. , 145
1 7,<577
-7,541
ft, 163
4 , 750
77,033
-3,174
12,660
7, 037
77,908
-7,707
8,717
7,137
24,832
-8,187
13, 729
-1,193
2 2, 586
-6,404
12, 383
1,273
28, 889
-8,004
N F T FUNOS RA I S E D
EXC ES S NET I N V E S T MF N T
•5
6
7
ft
23,319
14,192
9,127
74,232
14,455
9 , 7 ^7
7 7 , 1 ft6
15,343
6,843
2 6, 9*9
15, 662
11,277
75, 524
1 6, 637
8 , -ft 87
29, 091
17,041
12,050
75 , 5 2 1
18, 181
7,340
29,270
18, 537
10,763
26, 981
18, 776
8,205
27, 297
19, 1 15
8 , 182
28,370
19,487
8 , 8 83
31, 644
19,821
11, 823
T OT A L BU S I N E S S
T O T A L C A P I T A L OUT L A Y S
C A P I T A L CONSUMPT I ON
N E T P H Y S I C A L I NV EST MENT
0
10
1I
6, 47f t
237
2,412
11,675
465
-7,363
5 , 099
324
1,420
12,902
- 14f t
-1,477
0 , 4 63
75
-601
16,134
595
-4,679
6,726
1,579
-965
15,805
1 ,548
-6,590
7,508
1, 251
-554
11,463
2,391
-5,672
10, 077
2,213
-3,407
14,975
2,545
-5,697
12
13
14
1 7,881
1 3. 14 1
7 , 840
18,209
10,240
7,969
16, 529
10,931
5,598
20, 493
11,183
9,310
19, 493
1 1,866
7,677
22, 396
I 2,152
10,244
19, 502
13,031
6,471
22,344
13,322
9,022
20, 661
13, 556
7,105
21,683
13, 854
7,829
20,587
1 4, 107
6,480
23, 734
14,362
9,372
CORPORATE B U S I N E S S
T O T A L C A P I T A L OUT L A Y S
C A ®I T A L CONSUMPT I ON
N E T PH Y S I C A L I N V E S T ME NT
12
13
14
15
16
17
4,955
237
2 , 64ft
8,790
465
-1 ,786
3,669
3 24
1,605
9,606
-148
- 14f t
7,030
75
577
12, 771
595
-2,622
5,249
1 ,579
-357
12,416
1,548
-4,942
5,226
1,251
628
9,091
2, 391
-3,653
7,168
2,213
-2,901
10,363
2,545
-3,536
N E T DEBT FUNOS P A t S E O
C ORP. F O U I T Y I S S U E S
F X C F S S NE T I N V E S T ME N T
15
16
17
18
19
20
20,280
16,926
3,354
77,897
17,743
5,654
24,179
18,609
5,570
26,677
19,040
7,632
76,302
2 0, 497
5,805
79,172
21,016
8,156
7*5, 754
72,240
3,514
78 , 5 8 4
22,702
5,882
77, 350
23,319
4,331
31,194
2 3 , 194
8,000
7 8, 217
23,444
4,773
32,726
23,664
9,067
HOUSFHOLDS
TOTAL C A PI T A L OUTLAYS
C A P I T A L CONSUMPT I ON
N E T PH Y S I C A L I N V E S T ME NT
21
77
-379
3,733
5,832
-178
2,740
2,830
9,279
-1,647
3,172
2,633
11.179
-3,023
412
3,107
7,479
-1,597
4,970
-639
8,732
-732
93
4,680
11, 369
-2,307
73
74
25
26
-184
3,196
354
-367
-434
1*681
4 79
1. 904
-792
2 , 824
421
-377
-801
835
5 32
2,213
-984
3,035
3 40
-242
-1,137
573
5 12
2,971
-369
2,817
500
-154
-897
444
6 14
1,758
- 1,021
-157
631
92
-513
9 36
5 53
1,708
-210
4,192
391
-307
-1,919
1,139
487
2,014
(3»
N F T D E BT FUNDS R A I S E D
C ORP. E Q U I T Y I S S UE S
F X C F S S N E T I N V E S T ME NT ( 3 1
(31
NE T FUNDS R A I S E D
E X C E S S N E T I N V E S T ME N T ( 3 1
OF WHI C H:
HOUSES L E S S HOME MT GS .
D URABL ES L E S S CONS. C RE D I T
N ON P R O F I T PEE L E S S MT GS .
L E S S — U N AL L OC A T E D DEBT
( I ) C A P I T A L OUT L A Y S ARE T O T A L S FOR R E S I D E N T I A L ANll
F I X E D C A P I T A L , NET CHANGE I N I N V E N T O R I E S * AND CONSUMER DUR*®L ^ *
H X t U uaki
E X C E P T OU T L A Y S BY F I N A N C I A L B U S I N E S S .
(21 C A P I T A L
(21 C A P I T A L
CONSUMPT I ON I N C L UD E S AMOUNTS FOR CONSUMER DU®ABI E S
^
MF XC L UDps F m M C U L B U S I N E S S C A P I T A L CONSUMPT I ON.
( 3 1 EXCESS OF N E T
11/71
IS
P R E L IM IN A R Y E S T I M A T E
BASED ON IN CO MP LET E
IN FO R M A T IO N .
I N V E S T ME N T
OVER NE T FUNOS R A I S E D .
1
2
3
4
5
6
7
8
9
10
11
IB
19
20
21
22
23
24
25
26
*> V l G U S T 1971
HOUSFHOl l\S
H^i j sc nnt os
3
S ECTOR
ST AT EMENT S OF S AVI NG AND T NVF S T MF NT
( MI LLIONS de n n H A » S »
DNAnj ! j <: TFn
JNAOJUSTED
quarterly
1967
I
oua» tfr ly
^inws
flows
1968
I
I
II
II
1969
!
|
I I
HOUS EHOL DS ,
II
PERSONAL
19 70
!
I
I
T RUS T S ,
II
H II
TV
1 971
I
I
I
IT
AND NONP ROF I T TP r,AN f Z AT IONS
10
11
10,409
16.926
27,335
10, 411
17. 243
27. 654
14.080
18,609
32, 689
11.578
19.040
30,618
14, 363
20,497
34. 860
9.439
21,016
30.455
15, 241
22,240
37, 481
15,700
22,702
38,402
19, 591
23. 019
42,710
21, 734
23.194
44, 928
20, 520
23,444
43,964
1 8 , 8 8 0 = NFT SAVI NG
2 3 , 6 6 4 ♦ C A P I T A L CONSUMPT I ON
4 2 , 5 4 4 = GROSS S AVI NG
12
13
14
15
If
32,644
20,280
3 , 726
15, 560
994
26.184
22.897
3,031
18,746
1 , 120
36. 053
24.179
5,227
17,884
1.068
26. 231
26,672
4,406
21.092
1,174
38.701
26.302
5,514
19,753
1,035
25, 097
29,172
4,828
23,120
1,224
37,223
25.754
4,914
19, 596
1,244
33,333
28,584
3.942
23,276
1 ,366
47,930
27, 350
4,468
21,490
1, 392
4 4 , 387
31. 194
5,609
24,262
1,323
45,654
28,217
5,442
21,603
1, 172
12
4 2 , 1 9 2 GROSS I N V E S T ME NT
32,726
C A P I T A L E X PE NO. ( N E T OF SALFS 13
R F S I D F N T U L CONSTRUCTI ON
14
5,818
CONSUMER OURABLE GOODS
15
25,629
MONPROF I T P L A N T ♦ F O U I P .
16
1,279
17
1*
12, 364
12. 241
3,287
10,088
11,874
13,732
-441
10,792
12, 399
14, 661
-4,075
6.978
11,469
10,764
4,749
11,416
20, 580
25, 998
13,193
22,439
17,437
18, 31*
9,466
21, 682
*,446
-1,086
5. 221
607
9 , 822
-4,46*
4,682
-870
11,678
-3,875
851
198
6,349
-4,933
600
089
20, 450
4,159
16,095
6,567
11, 695
-4,820
13,669
318
9,289
5.252
4,057
10, 371
5, 126
5, 245
8,420
5.467
2.953
6,051
2,643
3,408
7,164
3,867
3,297
4.156
1.548
2.60*
2 , t 84
1,144
1,040
7,696
3,555
4,141
10,456
6,046
4,410
11,900
5.019
6,881
26,312
13, 760
12, 552
17, 189
6,374
10,815
S AVI NGS ACCOUNTS
AT COMMERCI AL RANKS
A T S A VI NGS I N S T I T U T I O N S
?1
-7,629
-414
-4,126 -10,893
-658
126
3,447
3,116
475
4 70
-2,239
-2,600
-2,055
2,823
-407
C R E D I T » K T . I NST RUMENT S
U . S . GOVT. S E C U R I T I E S
S T A T E ANO LOCAL O B L I G .
CORPORATE AND F GN . BONO
MORTGAGES
24
25
26
27
28
I N V E S T ME N T C O . SHARES
OTHER CORP. SHARES
29
30
L I F E I NSURANCE RESFRVES
P E N S I ON FUND RESERVES
31
32
N E T I N V . I N NONCORP.
SFCURITY CRFDI T
M I S C E L L A N E OU S
BUS .
33
34
35
MFT I NC RE A SE I * L I A B I L I T I E S
C R E D I T MK T . I NST RUMENT S
HOME MORTGAGES
OTHER MORTGAGES
I N S T A L L ME N T C ONS. CR.
OTHER CONSUMER C R E D I T
BANK LOANS N . E . C .
OTHFR LOANS
36
37
38
39
40
41
42
43
?l
22
?3
869
2 28
- 296
775
162
-3,826
-3,605
-600
244
135
5 . 118
3,564
280
728
546
1.930
765
-*25
1.707
283
8.680
5,937
1.237
9 76
530
-1,119
-1,924
137
3 97
271
9,559
5,394
529
2,883
753
- I ,190
-3,617
-713
2,656
484
5,187
2,644
-1,424
3,524
443
776
-1.402
305
-2,236
1.821
-1.069
537
-2.966
2,415
-2.706
933
-3,317
1 , 115
- I , 576
500
-1,317
582
66
247
-2,205
395
-2,563
32
-1,631
31
32
1.188
2.715
1,214
4 . 110
1.149
3 , 184
1,116
4,481
1.199
2,735
1,235
5,279
1,224
3,587
1 ,225
5,950
1,223
4,024
1,212
4.996
1,212
5,454
1,203
6,852
33
34
35
-992
523
361
-903
73
373
-681
-119
427
-483
5 58
. 438
-1,147
-383
5 79
-1,038
- 241
892
-651
-332
587
-532
-441
6 14
-620
292
629
-495
-2
633
-1,088
401
654
-918
66
810
36
37
3*
39
40
41
4?
-123
-379
1.996
304
-1.356
-956
-742
375
6.801
5. 832
1.519
299
1.336
774
1.557
347
1,908
2,740
3.982
286
-452
-699
-778
401
11,233
9.279
3,151
2 76
2,959
680
1,797
416
2.262
3.172
4,348
307
-218
-1,023
-773
531
11.053
11,179
3,779
317
3,48?
630
2,295
676
-705
412
3,005
332
-1,507
-1,264
-1,006
85?
6,667
7,479
2,540
337
2,037
807
1,018
740
5,418
4,970
3,170
343
1,443
-78
-481
573
9,246
8,732
3,781
3 48
1.019
1,876
1, 31 1
397
891
**3
3, 244
354
-1,993
-1,205
-776
469
12, 216
11,369
5,324
359
2,582
1,090
1,739
275
89
79*
100
71
031
115
1,742
122
90
-1,126
12*
88
-345
131
- I , 346
136
93
-1,040
137
91
218
140
90
285
141
88
567
144
616
146
-5.309
1,470
-3,364
4,387
-3,841
5,358
5,069
-5,220
26
?7
28
\7
-I
352
NET F I N A N .
NE T A C Q.
I N V E S T ME NT
OF F I N A N . AS SF T S
3,726
1,914
1,996
-184
3, 031
1, 946
1,519
-434
5,227
2,037
3,982
-792
4,406
2,056
3, 151
-801
5,514
2,150
4,348
-984
4,828
2,186
3,779
-1,137
4,914
2,278
3,005
- 369
3,942
2,299
2,540
- 897
4,468
2,319
3,170
- 1,021
5,609
2,341
3,781
-513
5,442
2,408
3, 244
-210
52
53
54
15, 560
14, 675
*84
18, 746
14, 955
3,791
17, *84
16, 211
1,673
21,092
16, 618
4,474
19,753
17,959
1*794
23,120
18,435
4,685
19, , 596
19, >550
46
23, >276
19, , 988
3,, 2 8 8
2 1 ,, 490
2 0 ,, 282
I ,,208
24, , 2 6 2
2 0 ,, 431
3,, 831
2 1 ,, 603
2 0 ,, 609
994
25, , 629
2 0 ,, 818
4, , 811
55
56
-2,312
3,196
2,110
1,681
-1,151
2,824
3,639
835
-1,241
3,035
4,112
573
- 2 ,, 771
2 ,, 8 1 7
2 ,, * 4 4
444
1 ., 365
-157
2 ,, 895
9 36
- 3 , , 19*
4 1, 192
3,, 672
1 ,, 1 3 9
57
58
59
SO
994
336
304
354
I , 120
342
299
479
1 ,, 06*
361
286
421
1 , 174
366
276
532
1 , 035
3 88
307
340
I , ,224
395
317
512
I , , 244
412
332
500
1 ,, 3 6 6
415
337
614
I , 3Q?
418
343
631
I , 323
422
348
55 3
I , 172
427
354
301
20 THROUGH 3 0 .
(C)
1,2^9
433
159
4*7
L E S S : CONSUMER C R E D I T
= NET E Q U I T Y I NV E ST ME NT
LESS:
= NET
♦ EQUI PMENT
E X PE N OT T URF S
C A P I T A L CONSUMPTI ON
N ONP ROF I T M0RT3AGPS
equity
57
58
investment
PF RC ENT R A T I O S :
1 5 , 5 9 6 E F F E C T I V E TAX RATE
5 , 4 4 3 S A VI NG R A T E , N I A BAS I S
1 3, 365
7,, 682
16, , 386
3,i 203
15, 209
6 , 817
18, , 555
1 ,, 1 3 9
14, , 621
ft 1,1 9 6
I 6 ,, 6 9 7
4,, 9 6 4
14,, 109
9,, 513
1 2 , 392
8 ,, 496
12, 97*
9,924
63
2 1 ,, 411
2 0 ,, 9 0 *
23, , 4 3 2
2 1 ,, 3 6 9
2 3 , 172
19,, 941
22 , 9 8 7
22 , 5 9 0
24,, 1 2 4
23, , 9 4 4
PFR CENT OF D I S P O S A B L E INCOME
24, 81* 23,221
GROSS S AVI NS
S4
5 e;
66
67
15,, 8 8 5
9 , 588
-96
-296
17, , 3 1 2
7,, 6 2 7
5,, 1 4 2
4 ,409
17,, 3 3 2
9,, 8 7 9
1 ,, 3 6 7
1 ,, 9 6 4
18,, 6 1 5
7,, 5 3 2
7,, 8 4 0
6 ,, 4 7 6
1 7, 483
9 , , 745
1 , 503
2 ,, 108
19,, 1 0 1
4,, 5 6 9
7 , 237
7 ,320
15 , 7 9 4
6 , 601
-432
252
16 , 8 1 5
6 ,715
3 , 921
4 ,399
15,, 44*
14 , 6 * 4
3 ,060
2 ,807
16,, 6 2 5
1 1 ,, 9 59
4,, 9 2 7
4,, 6 5 3
15,929 17, *62
1 0 , 3 4 6 1 1, 8 3 4
502 6 , 6 6 7
52 6 , 2 0 5
58 127 , 6 6 3
132 , 2 5 9
139,, 5 0 3
143,, 2 7 8
150, , 437
152 , 7 1 8
55
56
N ONP ROF I T PL ANT
15, , 207
3, , 379
IN FO R M A T IO N.
48
49
CONSUMER DURABL FS
E X P E N D I T U RE S
L E S S : C A P I T A L CONSUMPTI ON
= N F T I N V F ST MFNT
13, >680
6 ,, 751
PR E LIM IN A RY E S T I M A T E BASED ON INCOMPLETE
44
OI S C RF P A NC Y
51
S?
IS
23
SFCURI TY CRFDt T
TRADE DEBT
MI S C E L L A N E OUS
( BY
IT/71
??
MEMORANDA:
NET P H Y S I C A L I N V E S T M E N T :
( A ) R E S I D E N T I A L CON S T RUC T I ON
E X P E N D I T U RE S
5,818
L E S S : C A P I T A L CONSUMPTI ON
2,413
HOME MORTGAGES
5 , 3 24
= NET E Q U I T Y I N V E S T ME NT
-1,919
V9
50
51
1 63 , 0 5 2 169 , 9 9 0 1 7 7 , 03B 1 8 7 , 6 3 0
( N IA QI SPOS ABLE I N' OME ♦ 1
17
13
D E P O S I T S ♦ S F C U R I T T F S ( 1)
19
DEMAND D E P O S I T S ♦ CURRENC 20
( 1 1 ! I NE S
%*
10
11
61
62
ADJ.l?):
C A P I T A L E X P E N D I T U RE S
Af t ) . OF F I N A N C I A L AS SE T S
NET I N C R . IN L I A B I L I T I E S
C R E D I T * < T . BORROWI NG
INCOME A D J .
TAL GA I N S DI V T O. )
64
65
6*
6
AUGUST
197!
♦ NOMr.nop « i|<; t n p s s
TOTAl
4
SECTOR
S T A T F ME NT S
OF ^AVTVf ,
{MILLIONS
J MA O J U S T F O QUA RT E RL Y
1 967
I
nF
>
4
U N A D J US T E D QUAR TER L Y FLOWS
1 968
I
I I I
♦ NONCORP. RUST NESS 4
.
onnARS)
P L n WS
I
AMO I N V E S T ME N T
TT
!
|
1 9 69
T
I
I
I I
NONC TNANr I AL
19?n
I
IT
WIJSINPSS
-
IT I
TV
1
f
1971
T
II
T OT A L
3?, 713
1 9 , *0*
34, 641
17,754
33, 6 ?1
1 9 , Q93
36,5?9
18,079
34 , 7 13
18,949
35, 761
16,954
31,577
10,936
33, 61 1
I 9 , ? 35
3?,095
70, 608
32,382
??, 270
32,793
71, 561
3 5, 177
21,427
I NCOME PFFORP T AXES
G^ OSS SA VI NS
1
7
4
«;
6
7
8
9
1 9 , "MO
73,319
18,877
1 8, 789
- 760
1,348
4,44?
14,503
74,232
73,084
?0,?40
1, 785
1,559
1, 148
1 9 , ?94
? 7 , 186
19,318
18,79?
-1,048
1 , 574
? , 868
17,3?n
? 6 , 9 39
7 4 , ?61
70,931
1,087
7,743
7 , 67
I 0 ,274
25 , 5 7 4
2 1 , *>3 1
70,504
-1,061
2,088
3,^93
15,*40
79, 091
27,083
23,317
845
7,976
7,008
71,587
75, 521
77,892
21, 791
-1,170
2,221
2,629
20,019
79, 770
7 8 , 7 73
74,510
653
3,060
1 ,047
17, 340
7 6, 98 1
27, 792
73, 922
1,358
2,51?
-81 1
21, 761
27, 297
77,352
24, 607
98
2, 6 4 7
-55
21,776
2 8, 370
24,868
22,781
-203
2,290
3,507
20,112
31, 644
79,848
25, 631
9 74
3,243
1, 796
GROSS I N V E S T ME NT
C A P I T A L E X P E N D I T URE S
F I X E D I N V E S T ME N T
R U S I N F S S PL A N T ♦ EQUI PMENT
1 - 4 F A M I L Y R E S T O E N T . CONST
OTHER R E S I D E N T I A L
CHANGE I N I N V E N T O R I E S
3
4
5
6
7
8
9
10
11
17
13
14
1 *5
16
17
18
19
-5,309
- 1 ,955
3,354
7 37
6* 478
3,143
-770
1,590
308
2,157
-9,639
1,07?
10,711
465
11, 675
3,619
914
2 , 463
4,07?
607
- 7 , 892
3, 796
6 , 188
324
5,099
7,60?
-952
7 , 1 99
-751
2,001
-9,610
7,000
16,610
-148
12,907
3,5?«
7 60
2 , 802
4,519
1,293
- 7 , 7 5 0 -■13, 251
5, 078
5,954
17 , 2 7 8
19,705
25
595
16,134
9,463
3,437
3,301
-958
5 64
7,349
7,969
1,735
6,776
2,900
3,024
-3,939
5,544
9,483
1 ,579
6,726
3,276
-1,018
2,034
-819
3,253
-9,251
6,550
15, 801
1 ,548
1 5 , f l 05
5,876
400
2,653
5,19?
1,734
- 9, 641
•7 , 9 8 4
12, 625
1,251
7,508
5,360
964
3,124
—2 , 5 8 3
643
-6,036
6 , 146
17,187
7,391
11,463
5,799
-46
3,869
475
1,366
-7,144
3,283
10, 427
7,213
10,077
6,389
-288
3,755
-2,177
2,898
20
?l
-1,916
-1,445
3,81 4
-5,743
-1,430
2 , 195
4,56?
-706
22
1,495
3,161
6 99
7 50
1
7
X
- 1 1 , 5 3 7 N E T F I N A N C I A L I NV E ST ME NT
10
8,389
F I N A N C I A L USES OF F UND S , NET 11
E I N A N . SOURCES OF F UNOS , NET 12
19,921
2,545
CORPORATE SHARE I S S UE S
13
C R E D I T MK T . I NST RUMENT S
14
14,975
6 , 191
CORPORATE BONOS
15
16
654
HOME MORTGAGES
17
4,291
OTHER MORTGAGES
3,695
BANK LOANS N . E . C .
18
19
OTHER LOANS
144
1,617
1,173
7,279
-4,803
-187
1,365
2,144
-3,696
4,175
-309
-1,877
155
-2,350
487
3,689
-1,288
675
1,114
-1,646
-784
3 , ?68
1,009
335
1,310
T RADE DEBT
OTHER L I A B I L I T I E S
D I S C RE PA NCY
20
21
27
FARM RUS I NE S S
3
4
5
6
3,603
-394
1,378
1,313
65
984
3 , 708
-1,026
1,416
1,348
68
390
3,599
-368
1,519
1,451
68
1,151
3,517
-1,174
1,541
1,477
64
367
4,178
-573
1,618
1,557
66
1,045
4,141
-1,271
1,654
I ,580
74
3 83
4,460
-594
1,773
1 ,638
85
1 ,129
4,138
-1,265
1,727
1,644
83
462
3,634
556
1 ,730
1,649
81
2,286
3,607
1, 798
1,735
1,656
79
3,033
3 , 700
-83
1,758
1,676
87
1,675
3,800
-1,116
1,787
1,701
86
671
7
8
9
10
11
9 84
1,881
1,724
140
17
3 90
2,034
1,753
142
139
1,151
1,904
1,745
141
18
367
1,715
1,537
138
40
1,045
1,756
1,593
136
21
383
1,776
1,564
141
21
1,129
1,940
1,715
152
73
467
1 ,849
1,620
153
76
2,286
1,702
1,464
154
84
3,033
1,614
1,363
155
96
1,675
2,252
2,041
157
54
671
2,235
1,953
157
125
12
13
14
15
16
17
-897
78
19
59
49
10
-1,644
106
31
75
54
.
21
-753
1 17
44
73
63
10
-1,348
150
56
94
65
79
- 711
132
33
99
87
17
-1,343
146
23
123
97
26
-811
131
27
104
96
8
-1,387
140
30
110
96
14
584
133
27
106
96
10
1,419
146
31
115
96
19
-577
139
29
110
96
14
-1,564
142
31
111
96
15
IB
19
70
21
975
1,178
433
303
445
700
245
1,750
1,470
5 94
4 00
476
97
379
870
1,059
572
300
187
-16
203
1,498
1,453
7 20
4 00
333
7
3 76
843
1,309
533
4 00
3 76
109
2 67
1,489
1,639
733
452
4 54
20
4 34
942
1,133
371
772
490
121
369
1,527
1,623
509
633
481
78
453
-451
487
501
167
- 186
-87
-99
-1,273
-3
3 94
-259
-138
-114
-24
716
1,407
4 85
445
4 77
71
406
1,706
1,949
693
700
556
27
529
506
-709
80?
-527
479
-618
695
-650
43 9
-905
7 79
-929
466
- 657
648
-744
-707
-731
I
2
22
23
?4
25
2b
(21
Ne T INCOME
N E T S AVI NG
C A P I T A L CONSUMPT I ON
NONCORPORATE
CORPORATE
CURRENT SURP. « GROSS SAVI NG
1
2
3
4
5
6
G*OSS I NV E ST ME NT
C A P I T A L E X P E N D I T U RE S
PL A N T ANO EQUI PMENT
R E S I D E N T I A L C ON S T RUC T I ON
CHANGE I N I N V E N T O R I E S
7
8
9
10
11
NET F I N A N . I N V E S T ME NT
M E T . I N C H . I N F I N A N . A SSF T S
DEMAND D E P . AND CURRENCY
MI S C E L L AN E OUS A SSE T S
I NSURANCE R E C E I V A B L F S
E Q U I T Y I N S P O N . A G S . f 21
12
13
14
15
16
17
NET I NC RE A SE I N L I A B I L I T I E S 18
C R E D I T MARKET I NST RUMENT S 19
20
MORTGAGES
BANK LOANS N . E . C .
21
22
OTHER LOANS
U.S.GOVT.
23
24
E I C B + 8 K S FOR COOPS
856
TRAOE DEBT
25
345
-652
PROPRI ET OR NE T I N V E S T ME NT 26
-1,099
-618
-1,036
SHARES I N F J C B « S , RANKS FOR C OOPS , ANO LAND BANKS.
NONFARM NONCORPORATE; BU S I N E S S
13, 840
14,050
14,519
14, , 8 2 3
1 4 , 8 60
14, 993
14, 925
15, 155
15, 264
15,306
15, 340
15,469
2,773
3,796
2,799
1,683
7,893
4,687
7,, 9 3 8
1,, 4 8 0
3,153
3,490
3,235
1,164
3,427
4,288
3,458
7,858
3,490
2,654
3,526
3,837
3,622
3,509
3, 672
3,245
C A P I T A L CONSUMPTI ON
CURRENT SURP. * GROSS SAVI NS
4
5
6
7
8
9
10
3,796
3,557
3, 0 7 1
2,261
1,210
-450
536
1,683
3,989
4,015
7,338
1, 105
57?
-76
4,687
3,753
3,056
2,228
1,473
-595
697
I , ,480
4 1,731
4, ,451
7, , 491
1 ,, 485
475
280
3,490
4,775
3,525
2,367
1,757
-599
750
1,164
4,969
4,795
2,597
1 ,846
352
174
4,288
4,079
3,672
2,425
1,883
-636
407
7,858
5,077
4,894
2,667
1,977
750
183
2,654
4,618
4,733
2,578
1,553
60?
-115
3,832
4,000
4,604
2,746
1,887
-29
-604
3,509
5,531
4,443
2,621
7,002
-180
1,088
3,245
5,675
5,457
7 , 885
7, 163
409
718
GROSS I N V E S T ME N T
C A P I T A L E X P E N D I T U RE S
FI XE D CAPITAL
P L A N T ♦ EQUI PMENT
multi- family
RESI D.
HOME C ON S T RUC T I ON
CHANGE I N I N V E N T O R I E S
4
5
6
7
8
9
10
11
739
-149
0
-7,306
212
0
111
101
- 3 , , 751
77 1
0
156
115
lio
5
-785
-77
0
-779
1 57
97
4
9 34
-74
0
-135
111
109
?
209
-137
0
-313
176
171
5
-7,219
304
0
173
181
175
6
-1,964
4
0
-174
178
176
7
-168
9 92
0
814
178
176
2
-7,072
-134
0
-316
18?
178
4
-2,430
289
0
105
184
178
6
NET F I N A N C I A L I N V E S T .
N E T A C Q U I S . OF F I N A N . ASSET
DEMAND D E P . ♦ CURRENCY
CONSUMER C R E D I T
MI SCEL L ANFQUS AS SE T S
I NSURANCE RE C E I V A B L E S
E Q U I T Y I N SPON. AGS.
11
17
13
14
15
16
3
-3,805
275
0
105
1 70
166
4
-95«
371
170
-476
500
96
3,57?
1 , Q43
1,108
380
6 00
178
708
1 , 124
366
-479
755
90
4,080
2,224
1,337
787
9 50
105
-346
344
379
-509
775
63
?,5?3
1 , 766
1,281
200
1,002
79
1 , 968
1 , 830
1,796
487
1,210
104
1 ,, 160
7,►375
1,, 4 8 6
-73
I , , 351
158
1,888
1,507
1,088
-144
1,099
133
2,719
2,663
1,907
327
1,41 1
169
I?
13
14
15
-747
98
95
3
i e
17
149
'
18
13
70
?!
??
?3
— 3 89
345
291
-360
44
?,518
1,415
1,737
457
678
107
?4
?5
- 1 16
1 70
407
-7?9
-67
318
5*0
716
193
565
661
776
-787
30?
330
155
I
3
201
688
-184
598
683
73
25
?7
- 45' *
-783
1, 484
- 381
-1,266
-63
1,51?
167
- 1 74
-74?
1 ,065
- 1 09
— 69ft
6
545
?1?
57
1 11
- I , >33 8
123
438
-52
-125
181
IT/71
IS
607
PRFLTWTM4RY
FSTIMATF
RASfH
PM
TNCOMP|FTF
INFORMATION.
NET
I NCOME
1
1
2
3
2
3
17
Nr T I NC REA SE I N L I A B I L I T I F S 18
C R E D I T MARKET I NST RUMENT S 19
20
MORTGAGES
HOME MORTGAGES
21
MULTI- FAMILY
22
23
COMMERCI AL
RANK LOANS N . E . C .
OTHER LOANS
T OADE D E R T , NET
PROPRTFTOR N E T I NVEST MENT
24
25
26
77
6 AUGUST 1<?71
r ORP ORAT F BUS I N E S S
' r'5f' " ° ' Tr
5
SECTOR
J N A D J U S T F D QUART F RL V FLOWS
1967
I
II
I
I
f
M
l
196 9
I
|
I
T!
1070
I
viDNFINftNC f/VL r n o o n o A T F
If
Til
TV
V r! "
!
!
I'm
I
II
BUSHES
5, 09*
2,47"
60?
— 9 Q ■*
14, 107
16, 377
17, 453
9,477
5,068
4,019
675
-1,550
14, 367
t 7,50 6
p P T F f r ^ qppTt j c TAX
- [»} np | T S T A* ftrroijft! S
- MFT OI \/i nF»' OC PAI O
= iJMr*I S T 3 I 91tTc n
♦ F gm .
ponriTS
*■ I N V . V A L U A T I l M A O J .
*■
C3NSIJMPTT OM M l .
= g ross i n t f r n a i fu nds
14, 396
71, 693
21,230
20,498
732
453
16,047
20,597
1 8, 2 7 7
18, 119
108
7,360
16, 196
73,734
22,781
70,793
1, 4 8 9
1,453
G ^ S S I NV E ST ME NT ( 1 0 ♦ 1 5)
C A ® I T At F X P F N O I T U R F S
FIXED t n v f s t m f n t
PL A NT ANO EQUI PMENT
0 E S I O E N T I AL CONSTRUCTI ON!
: h a n g f I N I N VF NT ORI F S
-8, 261
2,847
-7,287
5,008
-4,545
3,278
-7,538
7,958
NF T F I N A N C I A L I N V F S T MF NT
F I N A N C I A L USES OF F U N D S , N F T
3,697
1,094
1,527
-1,8^9
1,597
1,358
-492
573
9,063
-1,440
-7,190
- 498
4 , 847
1,373
3,051
441
-862
844
-1,074
-3,348
757
1 , 3 51
-853
1,024
1,914
2, 248
- 378
-434
- 1 , 294
1,772
534
2,098
-223
1,317
17
298
17
-1,877
303
2,522
514
581
11
299
13
-390
2, 321
-2,881
721
-108
-179
296
61
651
-1,905
2,651
3,606
1, 140
-89
299
2
2,253
75 8
3,299
1,987
1,660
78
297
5
-53
11,751
13,964
1,548
12,416
11, 108
6,477
1,251
5,226
12,295
11,482
2,391
9,091
3,276
316
-509
262
563
5,826
1,263
200
348
715
5,360
1,791
482
369
940
5,799
1,943
-23
545
1,421
6,389
1,394
-144
337
I , 201
6,191
2,345
327
502
1,516
5,163
613
1,702
29
-804
1 ,749
651
61
4,229
-54
1,065
87
- 2, 751
650
123
53
533
217
507
92
-2,438
1,089
6 63
71
2,312
-1,484
9 52
47
1
?
3
4
5
6
7
9
1*5,393
6,589
4, 461
4 , 343
464
- 1 23
10, 341
14,725
17, 124
7,373
4,556
5, 245
4 37
-741
10, 74^
15, 681
17, 017
7,997
4 , 816
4 , 204
534
-1,514
10, 931
14,155
18,937
8 , 887
4 , 882
5, 1 63
629
-743
11,183
16,232
16,873
8,377
4,974
3,577
6 24
-1,648
11, 866
14,414
18, 789
9,005
4,Q40
4,344
5 73
-1,667
12,157
15,407
13, 691
6,389
5 , 0 1®
7 ,274
701
-1 ,489
1 3, 0 3 1
14,519
15,^75
7,777
5,037
3,766
594
-1 , 257
13, 3??
15,915
14, 110
6,719
4, 0*, 3
7 , 67 «
507
-1,113
13, 5 5 S
15, 668
14, 136
6,651
6, 075
1,460
759
- 667
t 3,954
15,405
9
10
11
17
13
14
13, 230
17, 881
13,992
1 4 , 3 04
-312
3,889
12, 520
18,209
17, 174
16, 149
I , 075
1,035
13,456
16,529
14,376
14,819
-443
2, 153
15,487
70,493
18,135
16,903
1,737
2,358
13,739
19,493
16,277
16,544
-267
3,216
14,293
22,396
20,583
19, 151
1,432
1 , 813
16, 165
19, 507
17, 353
17, 651
- 298
7,149
16, 699
22,344
21,556
20,223
1,333
788
12, 400
70, 661
21, 441
19, 330
1, 561
-790
15
16
-4,651
-1,884
-5,689
754
-3,073
3 , 203
-5,011
6,579
-5,754
4,973
-8,103
5,533
-3,337
5,550
-5,645
6,106
17
19
19
71
77
-2,767
- 4 , *>176
2,209
-1,123
1,900
-1,327
-1,711
1,546
-549
-7,805
-505
602
1, 190
-1,532
-187
2 , 389
930
-4t0
2,463
2,572
-1,079
-1,419
1,438
951
-2,804
-3,624
-3,598
1,789
1,397
1,232
-1,514
-468
-2,378
-2,507
2,307
1,532
809
-4,076
115
-776
5,367
-3 21
?3
?4
?5
76
77
?«
79
30
-1,417
906
1,394
811
30
159
1
393
387
1, 91 1
167
304
•>3
167
1
- 328
-1,466
2, 512
967
86
9
182
7
683
569
4,413
-866
388
0
182
7
-1,443
-1,561
4,591
4,747
591
-64
258
9
3,953
471
5,082
1 ,494
1,025
169
290
12
-2
-1,741
4,449
2,033
1 ,336
-43
294
70
426
31
3?
33
34
2,767
5,19?
237
4,955
6,443
6,276
11, 590
9,2*5
3,993
9,458
465
3 24
-148
8,7903,669
9,606
10,727
7,055
25
7,030
13,636
12,866
595
I ? , 271
8,887
6,828
1,579
5,249
35
36
37
38
30
3,143
146
-360
107
399
3,619
1,546
4 57
170
919
2,602
555
-476
167
864
3,528
1,734
380
. 201
1,153
3,437
492
-479
162
809
3,301
1,463
2 R2
232
949
40
41
47
43
124
1 ,061
407
79
3 , 265
578
-786
68
-984
468
947
86
3,600
-10
707
47
1,14?
1,588
3 36
35
70
5
'IN AO JMS TF
1968
I
a , lf.r ►r rc
S T &T F UF MT S n F CAVI NG ft VO I MV F ST WF mt
( M i l l i n g s oc n nt i ^ < ; i
1 4, 646
7, ngn
7,823
15.*96
9,38112,908
2,2132,545
7,16810,363
-1 ,415
-5,444
45
46
-1,977
9 67
1,579
1,104
? , 096
-593
780
- 1 ,573
2,355
1,350
1 , R96
1,352
424
-3,960
4,535
195
203
43
1,813
-3,94 1
951
777
31
4,320
280
398
163
262
1 , 100
-3,133
466
-1,436
2,958
1, 0 6 6
47
4«
49
1, 495
2,979
8,118
3, 161
383
1 3, 530
699
3,, 105
5,, 379
750
2,058
11, 843
675
3,239
7,569
1,114
547
14,644
-1,646
4,406
6,780
-784
1 ,147
12,370
3,768
-1,798
6,708
1,009
-3,044
5,863
335
5,784
5, 81 7
1,310
341
10,477
46, 941
46, , 994
4 2, 764
50
4 7 , **05
51 1 21 , 4 3 2 1 16, 121 116, 771 1 2 6 , 2 5 0
46,874
4 8, 272
22, » 197
27,710
52
49, 351
135,236
36,064
49,237
145,362
54,791
46,699
134,320
26,915
46,690
140,395
55,567
46,953
I 31 , 9 6 7
25, 794
4 7, 050
140,752
41 , 9 2 6
48,409
125,706
34, 818
48, 270
135, 576
43,663
L I 3 U 1 0 AS SF T S
DEMAND OF P . ANO CURR.
T I « E DEPOSI TS
U . S . GOV T . S E C U R I T I E S
o p f n - m k t . PAPFR
S T A T E AND LOCAL O B L I G .
CONSUMER C R E D I T
TRADE C R E D I T
SC El I ANEOUS AS SE T S
FGN D I R E C T I N V E S T ME NT ! 1)
F G N . C URRENC I ES
I NSURANCE R E C E I V A B L E S
E O . I N F E D . SPON. AG.
OTHER
mI
F I MAN. SOURCES OF F UNDS*NET
N E T FUNDS RA I S E R I N MKT S.
N F T NEW SHARE I S S U E S
DE BT I NST RUMENT S
CORPORATE BONDS( 11
MORTGAGES
HOME MORTGAGES
MULTI-FAMILY
COMMERCI AL
BANK LOANS N . E . C .
O PF N - MK T PAPER
F I N A N C E C O. LOANS
U . S . G O V T . LOANS
PROFIT
TAX
I S P R F L I MI N A R Y E S T I M A T E BASFD ON I NCOMPL ET E
I N F ORMA T I O N.
LIABILITY
TRADE DFRT
MI S C F L t A N E O U S L I A B I L I T I F S
D I S C RE PA N C Y
MEMO- NF T TRADE C R E D I T
P R O F I T S TAX PAYMFNTS
PE RCE NT R A T I O S :
E F F E C T I V E TAX RATE
C A P. rUIT| AYS/ I NT . FUNDS
c r . m k t . b o r r o w i n g /c a p . F X P .
\J Line 35 excludes new issues sold abroad, and line 26 excludes direct investment financed by foreign security flotations.
1 1/71
31
3?
33
34
47
48
49
50
51
52
6 AUGUST I °71
GOVERNMENTS
GOVERNMENTS*
SECTOR
6
STA TEMENTS OF SAVING A\'D IN V ES T M EN T
( M i l l IONS OF DOLLARS)
I I NADJ UST ED QUA RT ERL Y FLOWS
I NADJ l l S T F D Q U A R T F R t Y P| DWS
I
I
II
I
II
I
II
ST ATP
10
11
1?
13
14
15
16
17
IB
19
70
*>1
22
23
2**
25
?6
I
I
II
FUNOS
25 , 9 8 2
8 ,494
30, 263
2,576
1 ,637
2,369
-732
77, 362
8,239
32,097
? , 767
—4 , ? 9 3
1,42?
-5,715
29, 094
8,559
31,821
2,968
2,864
1,472
1,392
25, 881
8,735
31,561
3 , 159
-104
1,678
-1,782
78, 417
9,970
33,903
3,275
1,209
2,412
-1,203
-31 5
-834
? , 86 8
1 , 637
1 , 363
2 74
24
1,707
1 ,204
3
92
-3,098
194
-351
I , ?35
-1,586
841
85
-136
. 221
57
6 99
70?
-3
-296
-137
I ,903
1 ,71?
-7
1,714
?73
168
100
68
45
60
61
-I
- I ,96?
1 ,520
3,0? 5
811
2,214
-1,277
-1,436
-800
-636
170
-6
-5
-1
-?33
-3,144
-733
1,509
-1,139
2,748
r2,0l9
-1,813
-1,425
-385
63
-272
-272
0
-323
-1,041
3,778
4,796
1,543
3,253
-798
-945
-950
5
134
13
12
1
-??0
—3 , I ? I
3,078
1,668
389
1,279
1,163
683
9 00
-217
36
4 44
442
2
197
-2,154
2,866
7,161
7,054
107
675
191
310
-119
44
440
’
437
3
30
2,297
2,139
2,044
353
1,691
95
158
3,068
2.937
2,800
863
1.937
137
131
3,292
3,173
3,098
1,076
2 , 0? 2
75
119
2,040
1 ,915
1,781
553
1,228
134
125
3,48?
3,356
3,307
1,252
2,055
49
126
2,411
2,284
2,090
5 09
1,581
194
127
4,819
4,690
4,640
1,510
3,130
• 50
129
6,149
6,019
5,926
1,663
4,263
93
130
5,070
4,888
4,844
1,327
3,517
44
132
1,127
-1,134
-B56
1,230
-2,571
2,433
1,339
951
1 30
40
1 , 6 70
3 95
-93
488
739
688
3 99
2 89
-40
91
77
14
536
- 1 , 440
857
1 , 135
993
14?
-318
-458
-1,106
6 48
*9
81
63
18
40
1,624
1,478
1,468
-110
1,578
10
146
3,738
3,581
3,531
943
? , 588
50
157
1,630
1,475
1,418
74
1 , 344
57
155
-712
1,170
-1,192
2
GOVERNMENTS
IV
Ill
GENERAL
23,276
7 , 4*4
? 7,98 7
? , 455
298
1 , ?9 1
-993
-2,9? 5
813
53
-615
668
740
186
-4
190
3
551
545
6
?0
-?36
1 ,333
1,353
-488
1 ,538
?08
-167
-161
-6
8
367
365
-JL?
1,013
-1,755
AND LOCAt
I!
I
?3 , 1 3 8
7,077
77,962
2,045
? 08
1 , 780
-1 ,57?
2 1 , ? 07
6,543
? 5,?6«
I , 603
879
I , 197
-313
1 8, 15 1
4,900
*»?, 404
1,389
I
7 0 , 940
6 , ?2 8
7 5, 704
1 , 945
- 481
968
- 1 , 449
18,766
5,656
7 3, 040
1,558
-17*
976
-1,15?
16,46?
4,947
? 0 , 337
1,339
-767
68i
-948
1971
1970
1 9 *9
1 9**?
1967
7 *75 3
-207
6?7
. I N S . ♦ GRANTS RECD.
r H . O F GOODS «■ S E RV I C E S
I N T E R E S T ♦ T RANSF ERS PA13
S URPL US , NT A BA S I S
S - R E T I R E M E N T C R. TD HH.
F T F I N A N C I A L I N V E S T ME NT
N F T A C Q. OF F I N A N . A S S E T S
T OT A L D E P O S I T S «■ CURRENCY
CURR. ANO DEMAND D E P O S I T 11
T I MF DEPOSI TS
12
C R E D I T MKT . I NST RUMENT S
13
U.S.GOVT.SECURITIES
14
DIRECT
15
U . S . G . AGENCY S E C .
16
S T A T E «■ L OCAL S E C .
17
OTHFR C R . M K T . I N S T R U M E N T S 18
19
CORPORATE BONOS
20
HOMF MORTGAGES
21
TAX RF CFI VABLES
EMPLOYEE R E T I R E ME N T FUNDS ARE I N
U.S.
?2
?3
24
25
26
27
28
NET I N C R . I N L I A B I L I T I E S
C R E D I T MKT . BORROWI NG
S T A T E ♦ L OCAL O B L I G .
S HORT - T E RM
OTHER
U . S . G O V T . LOANS
T RADF DE BT
I NSURANCE
S E C T OR.
GOVERNMENT
385
155
230
642
358
4 2, 084
18,985
7,887
4,186
11,076
4 0, 664
16,741
8,608
4,093
11,222
48, 143
22,302
9,494
4,543
11, 804
47, 771
21,351
9,000
4,383
13,037
56,312
28,083
9,676
4,912
13, 641
47,397
21,709
7,166
4 *5 3 6
13,986
54, 414
26,640
8,037
4,949
14,788
47,560
23,534
7,719
4,827
11, 580
42, 010
20, 357
7.699
4,991
8, 963
48,616
19,700
8,009
4,970
1 5, 937
58,055
25,909
9.381
5.381
17,384
TOTAL R F C E I R T S , NI A BASI S
PERSONAL T A XE S
CORP. P R O F I T S TAX ACCRUALS
I N D I R E C T T AXE S
I NSURANCE R E C E I P T S
6
7
8
9
10
11
12
13
39, 266
2 1 , 542
7 , 246
2 , 600
7, , 878
- I , , 881
-28
- I i , 853
39,624
22,496
6,638
2,443
8,050
7,460
1,142
*1, 318
47, 183
23, 090
7 , 397
2,830
8 , 866
-1,519
44
-1,563
45,567
25,101
8 , 163
2,893
9,410
2,576
1,261
1,315
45, 343
? 4 , 1 36
7,99?
3,174
10, 041
2 , 4? 8
138
2,790
46, 751
24,553
R , 882
3,142
10,174
9,561
1.136
8,425
47,691
24,470
8,844
3, 654
10,723
-294
57
-351
5 2, 017
24,431
11, 422
3,512
12,652
2,397
1.745
652
53, 169
52,244
24, 922
23,403
10, 904
14, 071
3.700
3,712
12,718
11, 983
-5,539 -10,234
501
157
-5,666 -10,735
52,043
23,795
10,584
3,613
14,051
-3,427
218
-3,645
54,822
24,041
11,987
3,320
15,474
3,233
1.855
1,378
T O T A L E X P E N D I T U R E S , N I A BAST S
GOODS AND S E RV I C E S
GRANTS AND DONAT I ONS
NE T I N T E R E S T
I NSURANCE B E N E F I T S
N E T S URP L US , N I A RA S I S
L E S S - I N S U R A N C E C R E D I T S T O HH
EQUAL S - GROSS S AVI NG
6
7
8
9
10
11
12
13
14
15
16
17
18
19
?0
- l i , 637
1 ,>332
6 44
2 ,,1 53
4 12
7 ?5
1 ,>516
1,740
-4,355
1,151
797
-32
107
722
-1,456
4,523
-210
1,487
-15
347
1,155
1,568
-709
-84
1,549
406
317
826
2 , 5? 7
2,840
774
738
-281
132
887
8.137
-3,200
1,234
325
-561
135
751
-506
2,119
1 , 525
1 ,100
16
1 00
984
845
-3,939
1,340
799
-3
61
741
-5,974
1,986
436
854
28
86
740
-9,577
4 77
-766
444
-141
88
4 97
-4,087
-1,842
-3,400
1,183
0
-3?
1,715
-2,216
1,806
4,169
7 56
-4
-51
811
14
15
IS
17
18
19
20
?1
2?
- I . >2 27
-238
-7,030
7 77
2,387
864
-3,292
1,118
1,069
759
-5,79?
1,033
328
-834
-5,451
-627
1,?30
-534
1,130
- 331
1, 381
-1,006
-2,573
-596
N F T F I N A N . I NV E ST ME NT
N E T A C Q U I S . OF F I N A N . ASSE T
DEMAND D F O O S I T S ♦ CURRENC
C R E D I T MARKET I NST RUMENT S
AGENCY S E C U R I T I E S
MORTGAGES
OTHER LOANS
EXCE SS OF T AX ACCRUALS
OVER R E C E I P T S
OTHFR F I N A N C I A L A S SF T S
-6,095
7,, 9 6 9
-8,095
2 ,507
207
324
849 - 1 0 , 0 1 5
1,596
1 ,. 4 5 1
1, 147
— ?8
858
490
5,979
5,570
-5?
5,283
3 39
44
365
-2,777
-3,639
187
-4,730
904
t , 761
101
3 13 -- 1 1 , 3 3 7
296 -- 1 2 , 1 7 5
-09
-1 1 1
1 99 •- 1 1 , 5 4 2
5
34
708
1,136
138
-298
-171
2,625
2,336
-??7
2,683
-120
57
23?
-4,784
-6,400
-48
-5,842
- 510
1.745
-129
7,960
7,533
131
7,314
1 88
157
170
10,054
9,243
425
8, 450
3 68
501
310
2,245
1,580
485
1,821
-776
218
447
4,022
1,623
435
1,439
-251
1.855
544
288
-?37
-753
-4??
-107
-216
30
15,468
7,931
12,786
6 , ?26
14,917
8 ., 4 5 7
31
_ —_ ____ ______ ___________ --------------------- --------------------- ----------------------
155
,838
-193
13, 488
308
6,489
-1,158
6,569
442
6,628
3 , 594
11, 904
1
2
3
4
5
23
?4
75
76
?7
?8
7 t)
37,
16,
7,
3,
10,
1
2
3
4
5
21
2?
N E T I NCRE ASE I N L I A B I L I T I E S 23
U . S . GOVT. SECURI T I ES
24
SAVI NGS BONDS
25
D I R E C T F X C . SVGS. BDS.
26
BUDGET AGENCY S E C .
27
L I F E ♦ R E T I R E M F N T RESERVES 28
OT HER L I A B I L I T I E S
29
DI S C RE PA NCY 1 1 3 - 1 4 )
MEMO- CORP. T AX R E C E I P T S ,
30
N F T 31
FEDERALLY
1
2?
19
19
73
to
-242
-95
969
205
1 73
- I ,44?
73
245
- 1 , 760
— ?99
-751
146
-9
173
-561
-67
379
-873
1, 11?
1 , 171
166
643
184
I 7"
97
20 *
-117
1,649
1 , 609
169
458
1 93
80?
- 1 44
376
6 ?0
11
12
13
14
15
16
-765
- S 93
- 646
-47
4?8
-1
- 778
-701
-645
-56
4? 3
43
1 , " 78
1 , 138
1, 11?
?6
-60
-15
I ,677
?
3
4
5
6
7
8
o
1,399
1,394
-6
789
51
?6
24
915
1, 01?
-176
5?7
191
4? 5
86
2 ,,38 7
2 ,»?5?
79
486
240
I ,, 447
767
434
1 ,, 082
77
97«
866
1 , 1 49
-?9^
1?
-11
-69
?,, 41 1
2 ,, 331
?,, 331
0
80
53
20 CURRENT SURPLUS
16
17
19
18
20
3 , 9 08
3 , 525
924
1 , 549
119
933
108
369
456
7,093
? , 086
-126
1 ,197
162
853
-91
453
491
2 , 193
1 , 868
I , 536
106
7 98
108
-99
?89
2, 601
2,401
997
1,079
86
239
173
-74
90
5 56
225
-10
471
160
-396
123
406
-925
-1,023
-1,135
- 681
1,345
233
-2,03?
- U 2
5?9
-2,449
r , 885
2,110
1,58?
1,58?
0
5?8
34
? , 188
1 , 973
1 , 973
0
? 15
14
7,595
1,498
1,498
0
1,097
I?
515
-441
-441
0
956
-21
596
596
0
-1,638
3, 633
3, 633
0
757
-7
THIS
GR ° UP
-17
CONSISTS
OF
EFOERAL
C R E D I T MKT. I N S T R .
AGENCY S F C U R I T I E S i '
U . S . G O V T . LOANS
MI S C E L L ANE OU S L I A B I L I T I E S
1 DISCREPANCY
HOME
r »- un* HL.
u 1/* *
............ ......... AND FEOERAt I AND BA N K S .
T H E S F A G E N C I F S ARF P R I V A T E L Y OWNED AND ARE
F X f l U D F D erhm i j . S . GOVERNMENT BUDGET A CCOUNT S AS OF 1969 AND FROM
U . S . GOVERNMENT F I G U R E S I N T HF S F ACCOUNT S FOR ALL Y E A RS .
(I) All GNMA-guaranteed securities backed by mortgage pools are included in agency securities (line 13).
pools are included in residential mortgages (line 5).
http://fraser.stlouisfed.org/
11/71 is preliminary estimate based on incomplete information.
Federal Reserve Bank of St. Louis
NET I N C RE A SE I N ASSE T S
C R E D I T MKT . I NT RUMENT S
U . S . G O V T . SEC.
R E S I D E N T I A L MORTGAGES! '
FARM MORTGAGES
OTHFR LOANS
T O COOPS ( B C )
TO FARMERS I F I C B 1
TO S ♦ L •S ( F H L B )
The mortgage
11
12
13
14
15
16
6 AUGUST 1 971
R AN
BANK IMG SYSTEM
SECTOR
STATEMENTS o f SAVING AN"
( M I L L I O N S n F HOLLARS I
INVFSTMEN T
UNAOJ I I ST F H
J N A O J U S T F D QUART ERL Y FLOWS
1968
1067
I
I
II
I
II
II
I I
OUA OT F RI V FLOWS
1971
19 70
t 9 69
r. SYSTEM
IV
III
T
I
II
MONETARY AUTHOR I V I E S
1
7
6
3
5
9
10
5
5
6
5
4
6
2
3
4
5
6
7
8
-1*262
-770
172
-1,076
-141
553
6 26
2 ,, 318
42?
123
-89
21
1 ,, 841
1 ,, 8 1 0
-1,224
-1,557
163
-8 6 6
516
520
579
1,803
-654
-83
324
-365
2, 581
2,539
-1,524
-2
-1 0 1
-1,885
960
-496
-532
1, 3 31
-226
23
-4
-99
1,637
1 ,690
-827
203
463
-613
461
-1,341
-1*369
1,057
-488
75
-265
-224
1 , 9 *>o
1,929
2,252
-246
88
-249
433
2,226
2, 261
2,805
-837
75
1,948
-518
2,137
2, 167
515
-235
121
- 1, 711
56
2,284
2,203
064
-315
164
-37
55
1,097
\ , 173
P
10
11
-1,269
-646
-728
2 i, 3 1 2
357
132
-1,227
41
-933
1,798
329
192
-1,533
-250
-1,310
1,321
-760
363
- 832
410
-401
1,052
-504
171
2,246
1,947
170
2,800
212
-232
511
1,782
183
958
-1,407
4 30
12
13
14
15
551
-24
-322
-1 0 0
640
21
998
164
-802
88
4
375
247
-53
1, 151
-6 8
12
-46
-137
198
4 24
-1 2
1 *098
2 08
-2 1 1
85
-783
68
-314
-52
1 ,479
272
241
-45
2^1
-338
-98
-19
2,533
4 04
-246
58
-972
-294
COMMERCI AL
I.
CURR FNT
SURPLUS
ACQ. OF F I N A N . A S S F T S
SOLD ANO FOREI GN FXCHANGF
T RF AS URY CURR. ♦ SOR C T F S .
F . R . F L OA T
F . R . LOANS TO OOMF S T I C RANK
C R E D I T MKT . I NST RUMENT S
U . S . GOVT. S E C U R I T I E S
NFT
N F T I NC RF A S F IN L I A B I L I T I E S
MEMBER- BANK RESERVES
V A UL T CASH OF COML. BANKS
DEMAND D E P O S I T S AND CURRFNCY
OUF TO U . S . GOVERN*FNT
3 99
OUE TO RE S T OF THE WORLD
-32
CURRENCY O U T S I D E BANKS
1, 652
OTHER
-84
2
3
4
5
6
7
8
9
10
11
12
13
14
15
BANKS
CHMBI NF H S T A T E ME NT FOR COMMERCI Al
BANKS
ANO A F F I L I A T E S
866
258
930
260
847
300
949
300
882
300
CURRENT SURPLUS
PL ANT ♦ EQUI P ME NT
566
I 50
575
157
729
152
751
153
838
2 50
886
250
877
255
3
4
5
6
7
8
9
-537
1,267
1,697
1, 068
624
-562
1,006
11,472
10,000
10, 432
-1,585
-2,600
208
807
-4,517
-3,654
-1,710
-1,489
-1,783
205
89
12,256
10,418
9,755
-2,456
-2,310
11
-157
-5,756
-6,399
-3,682
- 5*429
-5*076
-260
-93
12*244
11,170
9,922
-5,634
-5,667
14
19
-1*609
-6,115
-4,786
-960
-1,277
713
- 396
10*269
9*221
10*710
-2*188
-2*178
359
-369
13*269
9,754
8,052
4,137
3,618
584
-65
16,029
16, 614
14,171
7*997
5* 6 0 0
2*431
-34
6 *714
1*040
2*876
106
25
618
-537
15, 015
14, 619
15,019
- 1*551
-1,337
-401
187
NE T ACQ. OF F T N A N . A S SE T S
T OT A L BANK C R E O I T
C R F O I T MARKET I NST RUMENT S
U . S . GOVT S E C U R I T I E S
HIRFCT
AGENCY I S S U E S
LOAN P A R T I C . C T F S .
5
6
7
8
9
10
11
12
13
14
2*907
2,484
2 87
-20
156
4 , 848
3,384
280
5 25
659
2,465
1,307
63
4 67
628
3,226
1,321
63
888
9 54
1 *634
187
28
737
682
2,868
1,081
30
934
823
1,149
1, 041
0
-79
187
3*167
2 *5 5 0
220
239
158
4 *457
3*453
0
434
570
4*377
3 *0 6 9
451
327
530
6*012
5*151
0
3 27
534
7*321
4*959
0
1*4 7 4
888
OTHER S E C U R I T I E S ♦ MTG.
S T A T E ANO L OC AL O B L I G
CORPORAT E BONOS
HOME MORTGAGES
OT HF R MORTGAGES
10
11
12
13
14
15
16
t7
l«
19
-2,278
- 318
-3,053
1,393
-430
7,169
972
6,007
190
-342
- 2, 686
458
-2,607
-537
-1 ,044
8,985
1,633
7,860
*-508
663
1 13
291
-314
136
-2*717
12*688
1*796
11*027
-135
1*248
-4,975
-406
-3,929
-640
-1*329
9*731
1*185
7 *627
9 19
-1*489
-542
1*129
- 2*648
977
1*702
1*797
-13
1*084
726
2*4 4 3
-3*242
-288
-2*999
45
-1,836
9*249
1*711
7* 7 2 9
-191
-400
OTHER C R . E X C . S E C U R I T Y
CONSUMER C R E O I T
BANK LOANS N . E . C .
OPE N- MA RKE T PAPER
SECURITY CREOI T
15
16
17
18
19
20
21
22
0
-1,374
-430
0
489
893
0
-892
29
0
521
1,317
250
-1*560
1*953
163
-397
1 *308
125
9
4*372
-22
-333
I *403
-68
2*117
1*466
62
-20
-627
450
1,965
3,259
-43
-977
1 *4 1 6
23
24
25
26
- 5 93
-5,753
70
-5,823
10,833
2, 564
90
2,474
-4*586
-8*637
202
-8*929
11*138
-1*695
3*606
-8*831
1,640
1*075
2*531 - 1 0 * 4 7 1
9 *190
3*301
1, 382
1 ,919
13*191
1*935
394
1*541
15, 237
10,649
-572
11, 221
6,432
-10,868
-3,418
-7*450
1 3*961
10* 2 73
3,840
6*433
27
28
?9
9,384
3,640
5,744
5,914
-164
6,078
5, 598
208
5 , 390
1,282
-1,282
2,564
-749
-4*704
3*955
-2,803
-3*500
697
4*009
1*320
2*6 8 9
6,440
1,893
4,547
16, 218
8,586
7,632
10*073
3,356
6,717
15, 586
1,449
14,137
,810
,003
, 807
30
31
32
3?
34
35
36
37
38
-1,076
-141
0
201
0
135
-3,343
- 6 24
-2,719
-89
21
0
19
0
-301
2,705
-246
2,951
-866
516
0
-5
0
-11
-1,181
679
-1,860
324
-365
0
177
0
-89
5,881
1,282
4,599
-1*885
960
2 50
19
200
135
6*025
3*582
2*443
-4
-99
163
85
1 *040
-133
9 *2 8 3
3*648
5*635
-613
461
125
51
2 *224
398
481
-1*094
1*575
-265
-224
-22
1
1,035
-258
- 818
- 722
-96
-249
433
-68
-6
',882
173
►,363
,433
- 930
1*948
-518
62
6
2*237
15
4 *761
3 *582
1 *179
- 1*711
56
450
340
-657
228
3*008
-3*854
6*8 6 2
-37
55
-4*
346
41
-435
-3*049
- 1 * 503
- 1 * 546
39
351
-470
536
-471
601
-245
367
-472
•
-221
If.
11/71
11,412
-5*761
4,202 -10*716
-556
-446
4,758 -10*270
NET I NCREASE I N L I A B I L I T I E S
DEMAND D E P O S I T S * N F T
U . S . GOVERNMENT
OTHEp
F . R . F L OA T
BORROWI NG AT F . ® . BANKS
LOANS FROM A F F I L I A T E S
BANK S E C U R I T Y I S S U E S
COMMERCI AL «*APE* I S S U E S
P R O F I T TAX L I A B I L I T I E S
MI S C E L L AN E OUS L I A B I L I T I E S
L I A B . TO F G N . BRANCHES
OTHER
30
31
32
33
34
35
36
37
38
D I S C RE PA N C Y
583
I N PART
0
0
0
0
0
0
600
350
250
1,915
1,752
163
3*008
2*883
125
1*203
1*225
- 22
-2*938
-2*870
-68
-2*240
-2*302
62
275
-175
450
57
1 00
-43
N E T A C Q U I S . OF F I N A N , ASSE T
BANK LOANS N . E . C . I '
L OANS TO A F F I L I A T F RANKS
0
0
0
0
0
0
600
200
4 00
1,915
1*040
875
3*0 0 8
2 *2 2 4
784
1*203
1 *035
168
-2*938
- 2*88 ?
-56
-2*240
-2*237
-3
275
— 6*?7
932
57
41
16
NF T I NCREASE I N L I A B I L I T I E S
COMMERCI AL PAPER I S S U E S ! /
MI S C E L L A N E OUS L I A B I L I T I E S
ABOVE FOR HOL OI NG COMPANI ES
I S P R E L I M I N A R Y E S T I M A T E BASED ON I NC OMPL E T E
\l Federal Reserve Bulletin, July 1971, page A32.
21 ]bid., page A37.
I N F ORMA T I O N .
23
24
25
26
27
28
29
-246
I.
20
21
22
T I ME D E P O S I T S
LARGE N E G. C D ’ S
OTHER
I NC L UDE D
508
AMOUNTS
L OANS TO A F F I L I A T E BANKS
V A U L T CASH ♦ M F M . B K . R F S .
MI SC. ASSETS
AND A F F I L I A T E S
4
5
6
* august
NONRANK F I N A N C E
NONBANK F I NA N C E
S'fMMARY
SPfns
1NA0J MCTF0
S T A T EMENT S Op HAVI NG i NO
( M i l l I ONS np DOM 4RS1
T NVE ST MFNT
UN A OJ U S T E D QUA RT ERL Y FLOWS
QMAPTFRLV FLOWS
1067
|
1
! I
1963
1
1 0 69
I
I I !
I
TT
r>o[VAT
mtvrank
19 70
1
II
I
FI NAMCT AL
1971
IV
TIT
INSTITUTIONS
-
f
I
II
TOTAI
1
7
416
151
667
1*5
- ?06
177
401
135
--n i
1 qo
50?
1 04
— ? 49
?17
465
2 ?4
652
??8
651
231
607
234
855
237
3,46?
- 234
10?
m
o, 763
? 59
10?
3
9 , 655
-367
-14
125
11,30?
571
-15
-101
1, 745
4
q
6
16, 517
111
-40
-?64
7,113
-41 1
0
411
1 t ., 3 94
271
0
— ?4
14, 097
7 02
0
- 163
18,303
1,249
0
49?
19,>775
115
0
694
7
3
0
in
11
12
11
14
15
16
17
IB
1 ,637
5,765
- «»4«
590
2, 31 1
361
1, 4 3 3
-330
787
312
66
1,103
?, 6^0
5, 106
-1,09?
142
2,665
? , 397
1,71?
640
621
465
67
1,126
1,116
9 , 745
1 , 650
281
2 , 133
1,266
1,447
-3
2,917
-770
71
?29
2,3?«
3,135
-401
53*
2,070
? , 504
1 , 66?
1 , ?8 I
481
1,623
70
6 86
-1 1 *
120
1, 549
2,09?
1,333
258
? , 6 34
-1,619
96
541
4,053
1 2 , ? 5?
—?o 1
201
2,874
3,453
1,615
1,740
2,570
- 117
108
207
3,173
4,617
341
437
531
-165
1 , 5 89
-311
2,003
- 1 , 20?
1 02
426
2 , °1 7
8 ,903
871
-53
3 , 195
I ,814
2 ,08?
1 , 00?
2
-813
100
540
833
17, 590
I , 331
496
3,. 056
2 ,, 573
2 ,, 045
107
7,, 982
8?
1 00
403
4 , 192
10,462
1, ? 03
467
3,529
2, 777
2,994
-227
-? 8l
536
97
1,275
1°
?0
21
22
2R
8,425
4,269
3,931
-2,138
1 76
90
-2,344
-60
1,700
-1,760
9,798
5,253
4 , 182
-3?
1R
545
6 77
-1,3??
-449
- 873
10,035
3,073
4,239
6 07
109
45
-934
1,337
1,504
-117
13, 039
3 , 307
4 , 336
3,117
11?
?91
1,699
1, 013
393
620
9,411
1 , 540
1, 796
716
195
195
- 1 ,178
1, 52 4
1,452
72
16,79 6
? , 344
5,378
4,975
479
350
2,371
1 ,775
693
1,082
7,601
1 ,453
4,754
-124
180
-284
-2,056
? , 036
1 ,580
456
12 , ? ? 7
4 ,117
5 ,430
7,617
51 1
?90
t ,561
?70
-221
491
14,, 056
4,>247
5,r 090
71
691
213
366
- t ,r 2 04
- 1 ,493
2R9
2°
30
31
32
776
171
300
1 , 1 15
305
-525
-493
1, 158
1 , 321
- I , 733
309
1,664
537
1, 107
-206
341
2,415
-3,561
270
2,235
931
1,245
-314
2,235
1,115
- I ,525
234
1,694
500
- I ,704
-324
I ,576
33
??8
547
-3
43
567
17
574
23
24
25
26
27
-P97
-19
?4*
7,002
7,^19
284
S A VI N GS
230
1
234
SUMMARY
240
I
2
13,497
3 67
0
126
N E T A C Q U I S . OF F I N A N . ASSET S
OEM. D E P O S I T S ♦ CURR.
T I M E D E P O S I T S ( MSB!
S V GS . *■ LOAN SHARPS CCR (11
3
4
5
6
4,, 7 7 0
1 1 ,>743
1 .,•*45
373
3,, 3 6 4
2 ,, 775
?,, 2 4 6
-689
1 , R?9
477
97
1 ,879
4,356
14,064
-124
1?4
4,190
5,496
2,860
1, 098
620
519
95
-1,030
CORPORATE SHARES
C R E D I T MKT . I N S T R .
U . S . GOVT. SECURI T I ES
S T AT P ♦ L OCAL O B L T G .
CORPORATE ♦ F GN. BONDS
HOME MORTGAGES
OTHER MORTGAGES
CONSUMER C R F D I T
OTHFR LOANS
SECURI TY CREDI T
TRADE C R E D I T
MI S C E L L A N E OUS AS SE T S
9
10
11
12
13
14
15
16
17
13
17,758
7,373
5,707
1,219
1,162
408
-418
67
-23
90
19 , 136
13 , 2 4 6
6,448
-543
80?
411
24
- 1 ,87?
-947
-9?5
18, 876
10,941
6, 200
1,021
696
1,734
1,744
-2,653
-204
-2,449
NET I NC RF A S E I N L I A B I L I T I E S
T I ME ♦ S V GS . ACCOUNTS
I NSURANCE ANO PE NSI ON RE S .
T ^ F D I T MKT . I N S T P .
F I NA N C E C O. BONDS
* T G . LOANS I N PROCESS
BANK LOANS N . E . C .
OTHFR LOANS
F I N A N C E C O. PAPER
FHLB LOANS
19
20
21
2?
23
24
25
26
27
23
532
I ,794
207
2 ,, 0 6 5
247
2,674
104
4 34
395
-1 ,398
192
796
32
-428
-152
1,262
391
-125
-266
9 97
D I S C RE PA N C Y
249
245
251
247
CURRENT
I N V E S T ME NT C O. SHARES
SFCURI TY CREDIT
T A X E S PAYABLE
MI S C E L L A N E OUS L I A B I L I T I E S
239
258
248
SURPLUS
2
3
4
5
6
7
8
9
1,303
-266
97?
426
316
170
65
59 7
2,983
12
2,249
113
,1,685
434
17
72?
2,748
-367
2,801
1,101
1,291
421
- 1?
-136
2,921
-33
2,559
-205
2 , 119
623
22
393
2,911
-253
3,163
9 64
1 ,841
369
-11
6
3,052
-53
3,049
-336
2,825
536
24
56
1,164
-161
1 , 075
465
344
286
-?0
750
3,643
73
2,671
313
1,689
648
21
899
4,010
-194
3,726
396
7,468
847
15
478
5,531
424
3,990
-20
2,744
1,262
4
1,117
9,235
-103
7,995
4,141
2,613
1,255
-14
1,343
T , 100
256
7,700
751
5 , 107
I , 8 75
17
-856
0
1
2
3
4
5
6
1,342
2,533
-1 , 935
90
-1,760
-?65
7 30
2,781
3,544
-335
545
-871
-7
-404
2,248
1,618
- 1 75
45
-117
-103
781
2, 613
2 , 117
933
793
670
70
-478
2,926
1, 9 2 9
156
195
77
-1 11
«??
2,670
1,513
1 , 468
350
1,032
36
-283
I ,156
383
3
-784
456
-169
743
3,270
2, 761
776
290
491
-5
-239
4,021
2,920
471
218
739
-36
516
5 , 128
5,010
633
4 08
90
135
-518
9,203
9 , 106
-683
413
-925
- 171
755
6 , 795
7,457
-793
1,234
-7,449
4 17
156
N F T I NC RE A SE I N L I A B I L I T I E S
S A VI NGS SHADES
C R F D I T MKT . I N S T R .
« T G . LOANS I N PROCESS
BORROWI NG FROM F HL B
RANK LOANS N . E . C .
MI S C E L L ANE OUS L I A B I L I T I E S
7
3
269
-2,714
3?
-1,308
240
1?
-47
5 ?1
? 80
??3
-124
1,048
231
511
-125
144
760
?3 3
-158
-901
219
- 2,020
-58
-1,136
MUTUA1
20
25
33
51
41
29
30
31
32
33
N E T ACQ* OF E T N A N . ASSETS
DEMAND D E P O S I T S «■ CURRENC
C P E D I T MKT . I N S T R .
U . S . GOVT. S EC URI T I ES
HOME MORTGAGES
OTHER MORTGAGES
CONSUMER C R E D I T
MI S C . F I NANC I AL TRANS.
1
7
*
ANO LOAN A S S O C I A T I O N S
265
261
C' JRRFNT SURPLUS
P H Y S I C A L I N V E S T ME NT
S AVI NGS
D I S C RE PA N C Y
MEMOFHLB LOANS L E S S OEP.
I
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
BANKS
52
48
52
1,148
108
0
63
1,024
57
-2
41?
2 79
707
55
-4
-5?
CURRFNT
SURPLUS
I
63
58
73
790
45
0
70
02?
163 *
5
2?1
766
756
65
44
151
t , 193
?69
0
73
1, 140
-77
0
5 43
333
321
65
-50
-89
3,586
17
0
75
3,191
57
49
1,942
396
366
113
268
303
2,912
-6
0
78
2,744
116
65
1,661
453
399
31
-33
96
N E T A C Q. OF F I N A N C I A I AS SE T
DEM. D F P O S I T S ♦ CURR.
TI ME DEPOSI TS
CORPORATE SHAPES
C R F D I T MKT . I N S T R .
U . S . GOVT. S EC URI T I E S
S T A T E ♦ LOCAL G O V T . SEC.
S A VI NGS D E P O S I T S
MI S C F L L A N F O U S L I A B I L I T I E S
15
16
D I S C RE PA N C Y
17
55
2
3
4
5
6
7
8
9
10
11
12
13
14
7
1
4
5
6
7
8
Q
0
1
2
r
4
1,710
35
102
41
1,160
-23
-5
565
473
792
1?
46
HI
1,44?
-116
102
53
1,326
-275
3
7??
485
101
41
47
77
I , 526
-65
-14
53
1,477
293
11
416
241
308
76
62
120
9 64
52
-15
*7
377
-61
-74
786
299
276
?4
??
43
1 , 441
-57
-39
60
1,176
?78
6
715
399
3? 3
41
114
1 Ol
723
5
-40
53
707
-234
-8
21?
370
?96
57
14
-7
885
-64
0
65
701
51
1
225
56
177
71
170
13^
5
6
1,517
1 16
1 , 70*
120
1,115
I ?3
796
1 15
1,75?
101
456
217
700
120
363
245
094
129
1,761
-198
4?2
58
7 , 676
231
7
-??
10
-50
-1 7
-11
7
—R
17
-1 ?
35
-48
18
433
3
-74
600
10
492
93
91
7
718
8
6 94
16
9
7
858
10
126
72?
715
7
N F T A C Q U I S . OF F I N A N . A SSF T
DEM. O F P O S I T S ♦ CURR.
SVGS. ♦ LOAN SHARES
C R E D I T MKT . I N S T R .
CONSUMER C R E D I T
HOME MORTGAGES
1
2
3
4
5
6
600
713
858
CREDIT
7
r 0FOI T
1
?
1
4
_
201
71
? 11
5
6
7
11/71
10
.
145
41 1
H
3
^7?
164
3
175
11
1
to
41 1
145
7
TS OPFI I Mj NAf f Y F S T I * A T r
159
104
-1
-101
49*
4«6
10
_7
74^
171
1I *
y
i t /)
3 04
Bftcr- ) T
j
j mt
corporate
bonds
HOME MORTGAGES
OTHER MORTGAGES
CONSUMER C R F D I T
OTHFR LOANS
MI S C E L L AN E OUS A SSE T S
UNI ONS
175
-1?
-764
651
645
6
175
->«4D| T T F
7
504
497
7
711
10
- 1 61
186
179
7
•<61
40«
?31
361
2
41 1
-54
-61
I N F OR MA T I O N.
UN I ON SHARFS
6 AUGUST 1971
INSURANCE ♦ PPNSION FIJNOS
f ‘ ! S! PAMn c + oF N^f n^i r j j ^ T C
SECTOR
STATFMPNTS OF S AVI NO A'•O T\!VFST*FNT
(M I L L I O N S O F HOLLARS)
J N A O J U S T E D QUA RT ERL Y FI nws
1 967
I
IT
I
I
' H' AOJUSTF"
1968
I
II
|
|
1 96 9
I
f
I
IT
LIFF
1970
I
II
TIT
TV
QI|<o t c d | y r t DWC
|
I
I NSURANCE r O« t » ANT PS
1
?
220
151
20B
155
152
177
142
185
221
1 89
?33
1 94
170
217
161
??4
161
? 2«
I 60
?3 1
1 77
? 34
155
737
3
4
2,??7
-239
1,945
77
? , 440
-38?
2,067
48
2,419
-307
1 , 878
-136
2,534
-237
1 ,994
17
2,33"*
-39
2 , 597
? 18
3, 653
-37
5
6
7
8
9
10
1I
17
13
145
’ , ’ 13
7?
-50
8B3
10
*50
448
10B
271
1,551
-325
-65
700
-171
82B
584
46
3 17
2,381
193
14
1 , ’ 95
-119
576
472
124
379
T ,490
-411
180
871
-194
642
402
150
465
1,89?
-47
11
850
-143
55?
6 69
369
455
1,786
- 2 38
-5
549
-180
664
996
-??7
560
2,020
11
2?
448
-287
876
950
191
573
1,390
-116
-21
43?
-316
865
546
-86
1 34
? , 075
125
43
150
- 381
756
1, 382
130
717
1, 327
-63
20
507
-399
1, 204
58
335
14
15
16
17
1,957
T ,164
60B
-26
2, 141
1, 190
64?
631
2,725
1* 147
706
210
2,191
1,124
736
471
2 , ?9 7
1,188
729
217
2,310
1,215
725
540
2,325
1 , 705
750
197
2,334
1 , ’ 05
757
570
2,337
I , 232
766
270
IB
-201
749
-240
81
471
-256
377
-90
PRIVATE
?
1,634
-??
MPT A f O U T S . OF F I N A N . ASSETS
OF**. O F P O S I T S ♦ : U P R .
3
4
1,082
2, 371
-147
50
l , 0°l
-320
491
1,206
237
1, 1 3 0
591
-166
55
388
-374
460
228
-65
r OPPORAT P SHARPS
C P F O I T MKT . I NST RUMENT S
U . S . GOVT. SPCURI TTES
S T A T E AND I OC A! OBI. IT,.
f ORPORAT F BOM0S
HOMF MORTGAGES
OTHER MORTGAGES
OTHER LOANS
MT S C PI L A NE OUS A SSE T S
5
6
7
9
9
10
H
12
13
?, 330
1,193
7 77
322
3, 0 ?5
1,19?
1,485
223
’ ,321
1, 184
796
4 74
I NCPEASP I N L I A B I I I T I P S
L I E F I NSURANC P RE SERVES
P E NS I ON FUND RESERVES
OTHER L I A R U I T I F S
14
15
16
17
-30
-338
-685
605
NPT
D I S C RE PA NCY
18
PE NS I ON FUNOS
1
?
1,478
4
1 , 3 37
60
1,460
-201
1,284
176
911
-398
1,658
393
1,508
74
1 ,099
-71
1,733
189
2,765
-36
2,093
244
1,808
81
N F T A C Q. OF F I N A N . ASSET S
OEM. D E P O S I T S ♦ CURR.
3
4
5
6
7
8
1,077
253
-191
368
76
144
1,253
-148
- 240
113
-21
172
1,035
590
248
337
5
66
1,019
34
13
61
-40
55
1,461
-90
50
- 152
12
- 6?
1,192
-35
-93
68
-10
108
1,294
305
-68
319
54
-165
959
223
45
172
6
-12
675
948
499
482
-33
-112
1,698
539
-79
6 76
-8
64
2,290
-694
-9
-541
-144
253
1,467
279
41
229
9
-19
CORPORATF SHARES
C R E D I T MKT . I NST RUME NT S
U . S . GOVT. S E C URI T I E S
CORPORATE BONDS
MORTGAGES
MI S C E L L ANE OUS
S T A T F «• LOCAL
G3VT.
EMPLOYEE
RE T I RE ME N T FUNOS
1
2
681
34
1,01 3
25
9 76
9
1,192
5
968
-8
1 ,780
-5
1,291
-105
2,369
141
1,422
-55
1,472
187
1,678
0
2,412
73
3
4
5
6
7
8
9
10
11
12
145
399
-433
- 450
17
-23
997
6 87
165
103
144
757
-81
-156
75
-19
1,001
691
166
87
2 70
624
27
54
-27
31
836
471
145
73
293
• 857
171
-99
270
-65
1,044
630
121
37
302
729
24
-3
27
4
1,003
637
64
-55
530
1,278
-75
-93
18
-18
1 ,901
1,290
81
-23
474
877
-19
-45
26
-23
1,393
653
266
45
561
1 ,628
-108
-125
17
-149
7,446
1,566
319
39
380
1,059
-7
0
-7
-44
1.490
970
140
38
7 22
523
-189
-185
-4
-116
1,550
668
160
40
692
949
-324
-140
-184
-20
1, 985
1,211
82
37
850
1,450
-164
-88
-76
-79
2,493
1,519
124
39
OTHER
1
173
109
43
31
7
1
-25
55
196
272
264
792
232
-8
426
-16
6 10
12
633
27
6 99
-I
1,059
-14
805
2
8 00
10
1,026
II
1,060
6
1,029
10
1,308
6
4
5
6
7
B
9
I0
47
127
- 3 89
351
160
5
66
118
257
-269
365
156
5
67
no
417
-173
275
262
3
71
110
426
-123
230
3 17
2
70
278
3 26
-200
294
230
7
96
294
671
152
323
195
1
108
339
362
-135
283
209
5
102
287
403
-87
272
211
7
100
17
898
236
’ 61
394
7
1 00
3 23
6 34
22
250
356
6
97
375
547
-138
3 09
369
7
97
380
827
-35
423
433
6
95
11
12
576
464
445
128
602
35
545
-57
874
177
1,202
144
938
108
878
133
968
138
9 64
176
9 83
218
1,128
112
IS
PR E L IM IN A R Y E S T I M A T E BASED ON IN COMPLETE
NET ACQ. OF F I N A N . ASSETS
DFMAND D F P . AND CURRENCY
CORPORATE SHAKES
C R E D I T MK T . I NST RUMENT S
U.S.GOVT.SECURITIES
DIRECT
U . S . G . AGENCY S E C .
S T A T F ♦ L OCAL O B L I G A T I O N
OTHFR C « . M K T . I N S T R U M E N T S
CORPORATE BONDS
MTRTGAGES
OTHER
1
2
3
4
5
6
7
8
9
10
11
12
I NSURANCE COMPANI ES
7
3
11/71
]
SURPLUS
T MVFSTMFNT
r.JRRFNT
PH Y S I C A L
IN FO R M AT IO N.
CURRFNT SURPLUS
1
N E T ACQ. OF F I N A N . A S S E T S
DEMAND O F P O S I T S ♦ CURRENC
2
3
CORPORATE SHARES
C R E D I T MKT . I NST RUMENT S
U . S . GOVT. S E C U R I T I E S
S T A T F ANO LOCAL O B L I G .
CORPORATE BONDS
COMMERCI AL MORTGAGES
T»ADE CREDIT
NET I NC REA SE
DI S C RE PA N C Y
IN L I A B I L I T I P S
4
5
6
7
8
9
10
11
12
6 A' l GUST 1971
TTWANCP N . F . t .
F I NA N C E N . E . C .
SFCTHR
STATFMCMTS " F SAVING ANO IN V ES T ME NT
(M I LI I HNS OF HOLLARS!
UN A O J U S T E O QUA RT ERL Y FLOWS
J N A D J U S T F O QUA RT E RL Y FLOWS
196*
1 967
I
1
-183
1 96 9
TI
91
I
-674
I T
lf>
I
II
- 1, 25 4
-4?
|
I
1971
1970
II
-681
IV
III
I
I
II
-*51
1
-99
-143
88
CU^RfNT
SURPLUS OF GROUP
1.
F I N A N C E COMPANI ES
1
2
3
4
5
71
SO
-43
-368
43?
13?
50
393
?16
-5?7
8 44
50
-173
-75
1.04?
?, 0? 5
50
30?
740
9?4
716
66
-32
11?
5 70
3.423
68
434
1 *014
1.907
-8
73
-351
-301
571
1 . 701
75
145
4 29
1,05?
-325
74
245
-352
-292
5 19
71
102
-387
7 33
270
70
229
-797
768
1,577
70
3 02
283
92?
N E T A C Q. OF F I N A N . ASSET S
DEMAND D E P . + CURRENCY
HOME MORTGAGES
CONSUMER C R F D I T
OT HF R LOANS « T 0 B U S . I
1
2
3
4
5
6
7
8
9
-203
176
-2.079
1.700
253
18
684
-449
78?
109
-831
1.504
2 . 134
112
l.6?9
3 93
580
195
-1,067
1.452
3 ,507
4 79
2,335
693
-127
180
-1.887
1.580
1,856
511
1,566
-221
-400
691
402
-1,493
5 86
I , 16?
-553
-23
140
892
195
-947
1,819
6 96
1,327
-204
NET INCREASE IN L I A B I L I T I F S
CORPORAT E BONDS
BANK LOANS N . E . C .
OPEN MARKET PAPER
6
7
8
9
-1,778
-3
373
-1,330
-1,535
-167
372
-818
1,764
-3
38
1,647
1,387
22?
38
82
2,663
-1
217
1,911
1,391
303
217
536
-1,451
0
-215
-1,713
-1,474
-25
-214
4 77
-415
1
-44
- 891
-447
-401
-43
519
N E T ACQ. OF F I N A N . ASSETS
DEMAND D E P . ♦ CURRENCY
CORPORATE E O U I T Y SHARES
C R F D I T MKT . I N S T R .
U .S . GO VT . SECURITIES
S T A T E + L O C A L G O V T . SEC.
CORPORAT E*F GN. BONOS
SECURITY CREDIT
I
2
3
4
5
6
7
8
-1,704
1,245
-1,525
-3.561
1,107
-1,733
-525
9
173
-1,229
-1,127
1,473
-3,095
4 46
-1,654
-688
-230
10
0
0
0
0
0
45
0
-145
11
-398
-475
-466
-228
-79
661
118
548
12
------- --------------------- --------------------- --------------------- --------------------OP E N- E N O I N V E S T ME NT COMPANI ES
*1, 794
1,545
0
249
2,674
2,61 8
0
56
-1,398
-1,961
0
5 63
-428
-533
0
105
N E T I N C R . I N L I A B . - S E C . CR
FROM BANKS
FROM AG. OF F GN . BANKS
CUSTOMER C R F O I T BALANCES
S F C U R I T Y BROKERS AND OEALERS
1
2
3
4
5
6
7
8
250
6?
-493
224
398
318
- 492
4 57
-497
62
298
-1,277
-1,430
-145
298
420
-1,626
115
-452
-519
-16
— 52
-451
-770
1 , 173
114
-361
-208
-63
215
-360
1,628
-3,495
77
-359
-1,594
-1,033
-203
-358
-1,619
1,202
75
433
811
3 87
-9
4 33
-117
-1,651
52
-561
60
4?5
196
-561
- 1,202
1
-256
-18
-762
-90
-1,350
-104
-626
-45
-19
-144
-?42
-35
2
3
520
71
2 87
20
1,059
-34
4 47
91
1,065
-15
829
-35
4 89
-5
4 55
-145
553
90
103
50
153
92
-3
-I
4
5
6
7
8
675
-226
-223
134
-140
4 88
-221
-315
-22
116
-172
1,265
-4
-122
1, 391
831
-475
130
262
-867
-205
1,285
-172
126
1,331
1,096
- 232
-12
127
-347
1, 002
-508
-199
-713
4 04
96
504
2,087
9
-1,592
-431
9 04
-1,741
797
1,848
442
-389
28
605
- 1,022
471
-410
0
3
-413
4 95
-497
0
0
-497
9
776
305
1,821
537
2,415
933
1,115
500
582
247
3 95
32
9
10
11
12
CURRENT SURPLUS
1
N E T A C Q . OF F I N A N . ASSET S
DEM. O E P O S I T S ♦ CURR.
2
3
CORPORAT E SHARES
C R E D I T MKT . I N S T R .
U . S . G OV T . SECURITIES
CORPORAT E BONDS
COMMERCI AL PAPER
N E T SHARE I S S U E S
4
5
6
7
8
9
A GE N C I E S OF F ORE I GN BANKS
1
2
3
4
-295
-59
-9?
-145
2 06
41
-281
45
-82
-16
-66
0
181
36
145
0
15
3
12
0
190
38
152
0
-253
-51
- 20?
0
2 50
50
200
0
323
65
? 58
0
215
43
172
0
-975
-195
-780
0
-551
-110
- 441
0
N E T A C Q U I S . OF F I N A N . ASSETS
DEM. D E P O S I T S ♦ CURR.
U . S . GOVT. SECURI T I ES
SFCURITY CREOIT
I
2
3
4
5
-295
206
-82
181
15
190
-253
250
3?3
2 15
-975
-551
D E P O S I T 11 A B I L I T I E S
5
11/71
I S P R E L I M I N A R Y F S T I M A T E BASED ON I NC OMP L E T E I N F O R MA T I O N.
6 AUGUST l<»71
REST OF T HF WORLD
OF ST
SECTOR
JNAOJUSTFO
I
ST AT FMF MT S OF S AVI NG AMO I MVF ST MPNT
( M I L t T HNS OP HOL L A RS )
UN AHj ' j S T F O
QUART ERL Y FLOWS
1 967
II
|
!
1968
I
II
I
I
1969
1
|
I
II
9FST
1970
I
II
1,539
11*755
9.716
705
1,606
11,797
10, 191
880
757
11,758
11,001
655
_io?
1,070
13,074
11, 954
759
-3 U
724
11,750
11,026
643
-81
514
14,674
14,160
9 00
386
1,734
15, 035
13, 801
76<>
-465
1, 3!>0
1 6 , **0
15,070
81 3
-497
6
7
8
9
10
-711
50
51
-486
273
-176
1,73?
15
765
547
156
1,774
1,367
-417
-219
102
1,936
22
248
-400
1,134
7 , 655
56
-319
-127
1,127
3,999
-317
*37
-349
- 2*8
1,315
50
1 ,067
1 5R
1, 395
-7 3
19
-878
I 1
17
13
14
15
-30
395
309
71
15
68
419
252
162
5
309
-776
-841
-50
115
536
-1,758
-1,377
1
113
752
-1,133
-1,413
735
45
I 5?
-138
-756
63
555
-85
7,057
1,748
7 27
87
16
17
18
19
25
184
-295
64
45
31
7 06
70
40
116
-82
751
103
280
1 81
5
-83
126
15
246
13
77
1 90
164
*0
*1
- 6 74
493
-246
317
679
4 56
1,282
9 37
3,582
-460
77
73
761
-976
1,908
434
1,568
458
1 , 8 34
158
?4
75
77
28
-30
1,275
289
-265
1,251
1
815
737
-794
872
57
973
290
-129
817
29
30
31
32
33
34
168
99
-67
-381
811
-138
-32
37
41
121
304
187
35
-123
-550
11/71
IS
TV
O' l APTPRLY r I I W'1
1971
T
TT
^
1,349
16 , 3 17
14,968
798
-651
1 , 4 61
16, 1 14
14, 653
795
-666
*97
17,060
16, 768
859
567
1,370
2,137
361
-?«59
-797
-674
359
562
467
-1,770
715
2, 345
234
-365
-305
3,769
7,603
65?
172
667
NET F I N A N C I A L I N V E S T ME NT
S c T A C Q U I S . OF F I N A N . A SSF T
Gn LD ♦ S O R ' S
U . S . 0 E«*. D E P . ♦ CURRFNCY
T I Mf O E P H S I T S
-87
2,187
1,655
701
326
387
7,774
7,553
140
-419
4 87
3,747
3,156
93
4 98
75
6 , 310
6,374
161
-275
-15
7,180
6,470
16
694
U . S . C O R P O R A T E SHARES
C R E D I T m k T . I NST RUMENT S
U . S . G ° V T . SEC' J Rl T I E S
U . S . CORPORATE B O N D S d )
AC CE PT A NC E S
-66
165
-753
459
-34
4 04
750
103
-43
760
373
716
58
531
715
99
162
1 00
-075
50
39
350
-551
1 00
3,648
322
-1,094
- 888
-777
177
-1,433
848
-3,582
- 955
-3,854
9 13
-1,503
512
1, 521
105
2,872
-19
1 ,583
- 578
1,777
-1,055
767
-430
9 83
-478
1,630
-678
3,834
-186
45
316
88
-157
385
48
819
316
-98
601
294
1,142
705
85
857
-94
574
277
-8
310
-43
433
-63
-94
590
91
476
397
-40
119
80
1,097
237
-284
1,144
71
986
291
-70
765
165
1,465
233
551
681
F G N . CORPORATE SHARPS
C R E D I T MKT . I NST RUMENT S
CORPORATE BONDS
BANK LOANS N . E . C .
OTHER LOANS
24
25
76
27
28
-29
281
49
-190
86
-117
103
539
44
110
388
131
-115
4 33
21
-310
591
-71
3
-80
56
236
1,025
715
-58
540
67
-167
1,336
-37
-38
119
49
72
1,317
373
21
23
49
76
581
-170
76
50
70
-101
-108
2 97
35
296
34
-101
1,140
-203
36
226
54
140
1,660
274
S E C U R I T Y DEBT
T RADE D E BT
USG E Q U I T Y I N I B R D , E T C .
F G N . C URR. HF L D I N U . S .
U . S . DI RECT INV. ABROAD!11
U NAL L OC A T E D
29
30
31
32
33
34
-258
-413
-1,715
-741
-197
-645
-311
73
-1,381
-3,202
-07
(II
P R E LIM IN A R Y E S T I M A T E BASEO ON IN COMPLETE
H I
I
I
HF T H C Wn » l O
1
7
3
4
c
?6
TH*- W°<U n
- *91
1 5, *3 1
15, 5*7
768
1,050
NET OF U . S .
IN FO R M AT IO N.
ISSUES
IN FGN.
MPT U . S . E X P A T S
U.S.EXPORTS
U.S. IMPORTS
TRANSFER R F C F I P T S FROM U . S .
CURRENT Af C HUNT 8 & L A N C F ( 4 - 1 1
( U . S . R A L A N C F , S I GN RF VERSF O)
1
7
3
4
5
*
7
8
9
10
11
12
13
14
15
SECURITY CREDI T
16
TRAOF C R E D I T
17
D E P . AT A G. OF E S N. RANKS 18
D I R E C T I N V E S T ME NT I N U . S . 19
BANK L I A B I L I T I E S T O
F ORE I GN BRANCHES
70
U N AL L OC A T E D
21
F I N A N . SOURCES OF F U N O S . N E T 22
O F F I C I A l U . S . F G N . FXCHAN 23
D I S C RE P A N C Y
MARKETS T O F I N A N C E U . S .
I N V E S T ME N T
35
ABROAD.
5 AUGUST 1071
MOMFTARY AND T NS'JR AMf E RF S F RV F S
12
MONETARY AND INSURANCF
GOL D,
I MADJt l STFD
PORFTGN FXCHANGP, T °F AStJR V Cl J PPFNCY,
(M I LI I ONS nF DOL L ARS)
AND
I I
I
1
T
I T
|
!
1969
T
II
npp yr I M
I
1
1970
I
P H P Mn M
TI
III
1971
1
|1
IV
1
II
FXTHANGE HOLDI NGS
I.
-51
1
1
-52
-15
-1 *
3
4
-70
-115
7
- 1, 1f t ?
116
- 1,49*
- 1 ,160
Q5
-11 7
-56
-56
0
117
117
0
97
-901
1 , 000
7jn
145
-80
190
-77
?3
21
0
-?*■
-161
-111
- 250
-56 2
- 1 68
-194
-234
-241
9
10
2
-47
GOLD ♦
- SPECIAL
-652
-252
-400
U.S.
5
-976
414
458
158
105
-19
-578
-1,055
• -410
-478
—6?8
-186
6
7
*
-1,007
-29 2
-715
424
6
41 ft
401
463
- 6?
-267
266
-533
71
75
-2
— 246
-21
-225
-831
-33
-798
-818
-339
-479
-14
-24
-10
-469
-46
-423
-373
-149
-224
66
3
63
9
10
! 1
12
31
-298
- 11?
1
10
0
-9
-1
57
-200
-25 4
-3
425
0
-429
4
32
-968
- 1 ,000
0
227
228
0
1
253
252
0
-1
-237
-223
0
9
-196
-410
0
-14
-9
11
0
20
-255
-235
0
20
-25?
-274
0
-22
III.
211
172
41
21 *
123
95
2 24
163
61
60
-83
143
46
-101
147
58
23
35
463
463
0
24
75
-51
71
88
-17
64
75
-11
98
121
-23
(1)
I NSURANCE
U.S.
DRAWI NG RI GHT S
GOLD STOCK AND S D R' S ( 1 )
1U . S . S H V T . C F X . S T A B . FUND)
' MDNFTARY AUTHOR I T I FS 1/
- -2299 MFMOMFMO— T O T A L
II.
11
14
1*
12
UN AD J US T E D OUA RT F PL Y FLOWS
196*
r,n\ r>
1
RESERVES
I NSURANCF RF SE RVF S
QUART ERL Y FI OWS
1^*7
T
I f F I f f Al.
F ORE I GN
WORLD GOLD STOCK
1
2
3
4
FXCHANGF P O S I T I O N
O F F I C I A L F G N . CURRENCY HLOSS
T RE A S URY
F EDERAL RESERVF
N F T IMF P O S I T I O N
CAPI TAL SUBSCRIPTION
L E S S - ! M F NOT E S
I MF O F P O S I T S AT
F.
«.
6
7
8
9
10
11
12
TREASURY
143
164
-21
EXCL UDES
L U.S.GOVT. LIA BI LIT Y
T ARY A U T H O R I T I E S A S S F T
L OC AT ED A S S F T
INITIAL
A L L O C A T I O N S OF
13
14
15
SDR'S.
AND PE NS I ON FUND RESERVES
LIEF
I NSURANCE R E S F R V E S -
1
2
3
1*188
24
1*164
1,214
24
1,190
1,149
2
1,147
1,116
-8
1,124
1 , 199
11
1,188
1,235
20
1,215
1,224
19
1,235
1,225
20
1,205
1,223
21
1,202
1,212
19
1, 193
1,212
20
1,192
1 , 203
19
I . 184
NET CHANGE I N L I A B I L I T I E S
U . S . GOVERNMENT
L I F E I NSURANCE COMPANI ES
4
1,188
1,214
1,149
1,116
1,199
1,235
1,224
1,225
1,223
1,212
1,212
1 , 203
NET
5
6
7
P
9
10
2,715
-52
2,767
608
1,478
681
4,110
1,118
2,992
• 642
1,337
1,013
3, 184
42
3 , 142
706
1,460
976
4,481
1,269
3,212
736
1,284
1, 192
2,735
127
2,608
729
911
968
5,279
1,116
4,163
725
1,658
1,780
3,587
38
3,549
750
1,508
1,291
5,950
1,725
4,225
7 57
1,099
2,369
4,024
136
3,888
766
1,700
1,422
4,996
4 82
4,514
777
2,265
1,472
5,454
198
5,256
1,485
2,093
1,678
6,852
1, 8 36
5,016
7 96
1,808
2,412
N F T CHANGE I N L I A B I L I T I E S
U . S . GOVERNMENT
I NSURANCE SECTOR
L I F E I NSURANCE COMPANI FS
P R I V A T E PE NS I ON FUNDS
S . * L . G O V T . RT R . FUNDS
5
6
7
8
9
10
11
2,715
4,110
3 , 184
4,481
2,715
5,279
3,587
5,950
4,024
4,996
5,454
6,852
NFT
11
I NC REA SF I N A S SE T S
( HOUSEHOL DS!
P F N S I O N FUND RES ERVES —
TI/71
IS PRELI MI NARY E S T I MA T E
BASFO ON I N C OMP L E T E I N F O R MA T I O N .
\l Excludes initial allocation of SDR's of $867 million in January 1970 and $717 million in January 1971.
2/
Transactions in SDR's are in line 2.
Treasury gold stock.
I NCREASE I N A S S E T S
( HOUSEHOL DS I
6 AUGUST 1971
MONFY AMD D F P O S I T S
mh vi f v
S' IMMARY
AJ
MON^Y SUPPLY AMD T ! * f AMH SAVI NGS
( m i l l i o n s nr o o l m q s )
J NADJ UST F D QUA RT E RL Y FLOWS
1967
I
|
T
i
l
|
H
I
1 969
T
I
I
OEM AND D F p O S I T S
I
197Q
!
I
9
10
-9,740
-909
-211
85
- 783
4 ,414
1 . 113
-314
-52
1 ,479
2*402
467
241
-45
271
13, 36 5 - 1 2,328
- I , 160
2,416
- 246
-98
-19
58
2,533
- 972
12, 292 N F T T N C R. I N BANKI NG S Y S . L I A 8
2,019
MONFTARY A U T H O R ! T I F S
399
l i . S . G O V T . CASH ♦ D F P .
F ORE I GN D E P O S I T S
-32
1,652
CURRENCY
11
12
13
14
15
3,606
-8,831
1,075
1,640
249
-35
2,282 - 1 0 , 4 36
3 ,301
I ,382
70
1 ,849
1,935
394
-214
1, 755
10, 649 - 1 0 , 86 *
-572
-3,418
-423
4 86
-7,027
10,735
10, 273
3,840
204
6,229
16
17
18
19
-510
-9,347
-309
5,547
-434
-10,887
1 ,499
5,116
11
12
13
14
15
-5,548
205
551
-24
-322
4,223
1,659
640
21
998
-9,347
-710
-802
88
4
5 , 5 47 - 1 0 , 8 8 7
-171
1, 345
247
12
-46
-53
-137
1*151
5,116
1,510
424
-12
1 ,098
16
17
IB
19
-5,753
70
-46?
-5,361
2,564
90
244
2,230
-8,637
292
-500
-8,429
4,202 -10 ,716
-556
-446
- 273
301
4,457
-9,997
13,735
1 3, 268
6,567
1,404
1,543
1 , ’ 62
2,492
4 67
-8,364
- 7 , 900
- 4 , «20
-3,319
128
-377
-165
8,051
7, 881
318
2, 279
2,054
349
2, 881
17?
SUPPL Y
nOMF ST T C SECTORS
H n u S F H l l OS
NONF TNANT. I AL BUS I NES S
S T A T E ANO L O r a i G T V T S ,
ei NA NC I A L SFCTnos
MAI l F L OA T
P E S T np t ^ F WORLO
mhmpy
COMMFRCI AL BANKS
U . S. GOVT. D E P.
F OREI GN DF P .
OTHFR
AND SA VI NGS ACCOUNTS
-18
-39
3,867
-459
-2,803
-2,378
-1,586
-349
2
-40
1,548
5,462
4,009
115
1,714
1,067
-31
0
1,144
10,557
6,440
1,527
2,214
-878
22
0
3,555
20, 455
16,218
8,063
2,748
-797
158
0
6,046
17,446
10, 073
3,051
3,253
-1,270
20
0
5,019
28,83?
15, 586
752
1,279
-305
1 00
0
13, 760
1 7 , 75 1 N F T I NC REA SE - T O T A L
AT COMMFRCI AL BANKS - T OT A L
6,810
CORPORATF B U S I N E S S
-378
107
S T A T E 6 L OCAL G O V T S .
667
F OREI GN HOL DI NGS
40
U . S . GOVT.
0
MUTUAL S A VI NGS BANKS
6,374
HOUSEHOLD
3,307
3 94
796
2,117
2,218
-101
3,540
359
1,252
1,929
1,686
243
2,344
3 75
4 56
1,513
1,777
-264
1,453
361
709
383
-30
413
4,117
488
868
2,761
2,785
-24
4,247
233
1,094
2,920
3,083
-163
7,373
6 00
1,763
5,010
4,518
492
13,246
718
3,422
9,106
8,412
694
10, 941
858
2,626
7,457
7,331
126
6,051
7,164
4,156
2,184
7,696
10,456
11,900
26,312
17,189
1
2
3
4
5
6
7
«
13, 652
9,384
2,209
1,538
273
30
1 02
5,232
11, 167
5,914
-549
668
547
20
102
5 , 126
8,676
5,598
-187
488
-219
63
-14
5,467
4,589
1,282
-1,079
142
-400
-9
-15
2,643
2,791
-749
-3,598
-834
9
10
11
12
13
14
4*268
203
1,532
2,533
2,322
211
5,253
411
1,298
3,544
3,536
8
3,078
145
1,315
1,618
1,493
125
15
9,289
8,420
-127
1
?
3
4
5
6
7
R
U . S . Gn VT O F P O S I T S
4, 239
1 2, 29 ? NFT T N f R . IN ASSFTS
710
4,223
II
-670
-3,664
13,065 - 1 2 ,0 2 8
621
-5,548
10, 371
1971
T
635
2,432
9
10
IS PRELI MI NARY E S T I MA T E
|
I
1 ,068
4 ,414
3 , 6 17 - 1 1,169
3,380 - 11, 2 10
198
-4,933
-4,049
-445
-2
1 ,?3*
- 481
3 55
2,037
-1,754
2 37
50
11/ 7 1
TV
1 ,429
-9,740
6
7
8
5,856 - 1 0 , 4 5 3
5,608 -10 ,13 4
-3,875
-870
-3,591
2,628
993
6 27
594
-884
2,263
-2,411
-319
248
TI ME DEPOSI TS
I TT
1,767
2 , 0? 6
4 , 15^
600
-1,139
200
-1,803
- 259
-8,837
- 8 , 4 25
-4,468
-1,488
-93
-920
-1,456
-412
*5
IT
1 ,346
1 , 328
-1 ,089
1 , 1 24
811
?«4
2 ,198
18
3,493
3,228
607
1,577
- 615
249
1,410
265
7
13
ANO rtJ0 0 F N r v
-6,169
-5,681
-1,086
-4,307
-488
-269
467
. -486
1
1
4
C'JMMAPY
UN AD J US T E D ni |) yDTEfUY «= I
1968
l
ANO D E P O S I T S
ACT. HUNTS
BASED ON I NC OMPL E T E
I N F ORMA T I O N .
AT
S A VI NGS I N S T I T U T I O N S
C R E D I T UN I ONS
MUTUAL S V GS . BANKS
SA V I N GS «■ L OAN A S S N S .
HELO B Y : HOUSEHOLDS
C R E D I T UNI ONS
MEMO - HOUSEHOLDS T O T A L
T I ME ♦ S V G S . ACCOUNT S
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
GO V T .
J.S.
SFCU»ITieS
‘ U.S.
14
U .S .
' J MA I J U S T F O Q U A ° T c <MY ^ L nwS
1 967
1
11
|
I
GOV T .
SECURITIES
Gn VFRNMFNT S F C U R I T I E S MARKFT SUMMARY
CM l L L I HNS OF DOLLARS)
14
U N A D J U S T E D QUA RT E RL Y FLOWS
1968
T
TT
|
I
196.9
I
|
I
II
19 70
!
II
III
IV
|
I
1971
I
II
-0,810
1,464
«8 -11,641
-99
-111
190 - 1 t , 5 4 2
5, 986
2,456
-227
2,683
-4,704
-5,800
-48
-5,«42
0,632
7,445
131
7,314
10,749
8 , 8 75
425
8,450
1,150
2,306
485
1,821
2,316
466
4*54
1 , 304
1,^76
210
i y
1, 140
1,822
-314
-195
2,331
3,530
536
- 630
3,633
1 ,006
54
-540
1,582
2, 187
250
-36
I ,073
I , 8 74
42 8
-52
1,498
- I , 147
188
- 8 94
- 441
3 66
94
-324
5 96
OTHER
BUDGET AGENCY I S S U E S
LOAN P A R T I C I P A T I O N S ( 11
SPONSORED AGENCY I S S UES 12 1
5
6
7
8
-2,22 7
406
1 60
69
100
2,539
1,464
-281
- 1 26
-127
1
-532
-0,819
-561
70
80
-1
1,600
5,986
16
024
1,117
-103
-1 ,369
-4,704
-3
-126
-187
61
1,020
9,632
28
-72
-14
-58
2,261
10, 749
-141
9 97
9 63
34
2,167
1,159
0
-10
-518
508
2,203
2,240
-4
- 681
-42
-639
1,173
NET A C Q U I S I T I O N S , BY SECTOR
U . S . G O V E R N ME N T ( AGE NCY S E C . )
S P O N S O R E D C R E O I T A GE NC I E S
D I R E C T MARKETABLE
F HL B S P E C I A L I SSUF
FEDERAL RESERVE SYSTEM
9
10
11
12
13
14
672
-1,413
-1,420
7
-756
-401
-355
1 ,748
2,213
-465
1 , 655
931
7 24
2,553
2,697
-144
3 , 156
3,254
-9 8
6,374
4,554
1,820
• 6,470
3,336
3,134
6 , 641
-52
6 , 039
654
-1,112
187
-2,940
1,641
9,363
-111
7,066
1,508
-4,346
-99
-6,088
1,841
5,286
-227
2,962
2,551
-6,932
-48
-7,448
5 64
-606
131
- 1, 647
910
-4,630
4 25
- 4 , 381
-674
-8,859
485
-5,340
-4,004
-2,843
435
-3,421
143
-3,605
324
-4,014
85
3 , 5 64
-52
3 , 6 27
-11
765
187
-351
929
5,937
-111
4,945
1,103
-1,924
-09
-3,255
1,430
5,394
-227
3,324
2,297
-3,617
-48
-4,788
I ,219
2,644
. 1 31
1,164
1,349
-4, .126 - 1 0 , 8 9 3
485
425
-3,894
-7,626
-657
- 3 , 752
-2,600
4 35
-3,281
246
-1,123
-677
-446
-2,805
-2,174
-631
2 , 3 89
2 , 013
3 76
-1,419
-1,483
64
1,789
1,658
131
-2,507
-2,697
190
-276
-462
186
-1,879
-1,860
-19
-1,440
-•- 1 , 3 8 6
-54
4 41
46 3
-22
1, 351
1,386
-35
-434
-450
16
CORPORATE N O N E I N .
DIRECT
AGENCY I S S U F S
20
30
31
-167
-161
186
-4
190
688
3 99
289
-458
- I , 106
648
1, 6 37
1,363
2 74
85
-136
221
168
100
-6
68
-1,436
-800
-636
-1,810
-1,425
-385
-945
-950
5
683
9 00
-217
191
310
-119
S T A T F ♦ L OC AL G O V T S .
DIRECT
AGENCY I S S U E S
32
33
34
1,068
6 24
444
-1,585
-2,600
1,015
- 1 , 4 89
- 1 , 783
2 94
-2,456
-2,310
-146
-5,429
-5,076
-353
-5,634
-5,667
33
-960
-1,277
3 17
-2,188
-2,178
-10
4,137
3,618
519
7,997
5,600
2,397
106
25
81
-1,551
-1,337
-214
35
36
37
-448
219
-3,092
-3,431
339
1, 6 5 9
I , 123
536
-401
-816
4 15
-118
-620
502
-291
-800
5 09
341
-305
646
871
326
5 45
1,331
601
730
1,203
911
292
1,345
-1,431
2,776
-324
-765
441
38
39
40
4 26
340
86
113
* -121
234
1 , 101
841
2 60
-205
-193
-12
964
641
3 23
-336
-679
343
465
21
4 44
313
-66
3 79
396
-5
401
-20
-330
310
4,141
1,020
3,121
751
479
272
S V G S . * LOAN AS SNS .
OIRECT
AGENCY I S S UE S
38
39
40
41
42
43
-28
-183
155
-275
-328
53
293
33
260
-61
-184
123
2 78
84
194
-234
-344
110
139
57
3
54
163
0
163
-77
-n o
33
57
-88
-11
116
62
54
MUTUAL S A V I N GS BANKS
OIRECT
AGENCY I S S U E S
41
42
43
44
45
46
72
75
-3
-325
-326
1
193
164
29
-411
-384
-27
-47
-60
13
-238
-251
13
11
I
10
-116
-130
14
125
117
8
-63
-43
-20
-147
-138
-9
-166
-244
78
L I F E I NSURANCE
DIRECT
AGENCY I S S U E S
44
45
46
*7
48
40
-389
-368
-21
-269
- 288
19
123
1 16
-7
-123
-163
40
-200
-152
-48
152
158
-135
-98
-37
-87
-108
236
146
90
22
10
12
-138
-70-
-35
21
-68
53
N O N L I F E I NSURANCE
DIRFCT
AGENCY I S S U E S
47
48
49
50
51
52
-191
-176
-15
-240
-197
-43
248
2 27
21
13
-8
21
50
57
-7
—93
-124
31
-68
-132
64
45
-15
60
4 99
424
75
-79
-40
-39
-9
64
-73
41
-19
60
P R I V A T E P E N S I ON FUNOS
DIRECT
AGENCY I S S U E S
50
51
52
53
54
55
- 433
-450
17
-81
-156
75
27
54
-27
171
-99
270
24
-3
27
-75
-93
18
-19
-45
26
-108
-125
17
-7
0
-7
-189
-185
-4
-324
-140
-184
-164
S .* L.GOVT.RTR. FUNDS
DIRECT
AGENCY I S S U E S
53
54
55
56
57
-315
-1,430
-281
11
-4
-16
130
-63
145
3
-172
-1,033
12
-12
3 87
152
-199
425
2,087
-1,535
-202
200
50
- 220
398
-92
9
6
6
12
15
•-1 , 7 4 1
1,387
258
15
28
1,391
172
18
0
-1,474
-780
19
0
-447
-441
21
I N V E S T ME N T C O S .
(DIRECT*
SFC. BRKRS.♦ OLRS.(
»
I
A G . OF F GN . B A N KS (
"
1
B K S . I N T FRR. + POSS.I * 1
56
57
58
59
S' )
-455
-10,916
6 , 703
3,797 -10 ,296
4,650
- 8 , 273
4,836
**FMO: HELD BY P V T . DOMESTI C
ANO P V T . NONBANK F I N A N C E )
53
1
?
3
4
1, * 7 4
- 8 , 7?5
-0,601
1,356
207
324
840 - 1 0 , 0 1 5
6 , 700
5, 2*1
-52
5 , 283
,227
- 4 , 54"*
187
-4 ,7^0
5
6
7
a
818
0
1, 4 4 4
-646
OftS
68
1 , 543
-645
1, 4 60
-15
372
1, 1 1 7
Q
11
12
13
1*
1,874
412
060
1,565
- 5 96
6 26
- R , 725
-32
146
427
-281
1,810
6 , 7 00
-15
166
166
0
570
15
16
17
309
436
-127
252
-55
307
841
975
134
-1,377
-2,044
IR
10
20
?l
-1,062
2 07
-1,012
-257
-6,224
324
-6,19?
-356
22
73
24
25
228
207
-174
105
26
27
28
in
58
-66?
-66
6
-3,987
-6
51
( D W H F RF NTT
11/71
IS
dpfL
! mI N A P Y E S T I M A T E
P A SFD ON I N C O MP I E T E
68
2 , 2 4 0 T O T A L NET I S S UE S
I , 8 74
I NC L UDE D I N P UB L I C OFRT
435
HOU S F HOl D S A VI NGS BONDS
1,439
D I R E C T E X C . SAVI NGS RONDS
F OREI GN
S H O R T - T F R M MARKETABLE
OTHFR
. P V T . DOME S T I C N O N F I N .
S A V I N GS BONOS - HOUSEHOLDS
D I R E C T E X C . S V GS . BONDS
AGEMCY I S S U E S
-88
-88
-76
-4,739
-7,428
4,562
( N O N F I N A N C I A L , BANKS,
SHOWN S E P A R A T E L Y ,
HOUSEHOLDS
S A V I N GS BONOS
D I R E C T E X C . SVGS.
AGENCY I S S U E S
BONDS
1
2
3
4
15
16
17
18
19
20
21
22
23
24
25
BUS I NES S 26
27
28
29
30
31
COMMERCI AL BANKS
DIRECT
AGENCY I S S U E S
32
33
34
P R I V A T F NONBANK F I NA NC E
DIRECT
AGENCY I S S U E S
35
36
37
LOAN P A R T I C I P A T I O N S
AGENCY I S S U E S
ARE
I NCLUDEO WI TH
( 2 ) T HES E I S S UES ARF O U T S I D E THE BUOGFT AND O U T S I D E THE U . S . GOVERNMENT
SECTOR I N F 10*1- O F - F U N D S A C COUNT S .
T H F Y ARE I NCLUDEO I N C R E D I T MARKET
DEBT OF F I N ANCIAL INSTITUTIONS.
SPONS O R E D - A G E N C Y ISSUES INCLUDE GNMA-GUARANTEED
SECURITIES BA C K E D BY MORTGAGE POOLS.
I NFORMATI ON.
6 A'IGUST 1971
PRIVATF
SECURITIES
PPIVATr
AND MORTGAGES
SFriJRITTFS
ANO « n RT 3 f l r
P R I V A T E S F C U R T T T F S ANO MORTGAGES
( M I L L I O N S " F n O L l AR S )
UNADJ'ISTFO
J N A ^ J U S T E O OI J ART FRI Y FLOWS
1967
I
I
I I I
1968
I
IT
I
I
I I
I
STATF
ANO I nr,AL
IT
T
ITT
GOVERNMENT S E C U R I T I E S
NFT
3
1 ,468
- 1 10
1,578
3, 531
943
2,5*8
1,418
74
1,344
2, 044
353
1, 691
2,800
*63
1,937
3,09*
1 ,076
2,022
1 ,781
553
1,22*
3,307
1 ,?*??
2,0*55
?,090
500
1 , 5 *1
4,640
1,510
3, 130
5 , 9 ?6
1, 6 6 3
4, ?63
4 , *44
1,327
3,517
4
5
6
7
1,46*
-296
-1,327
8
3, 531
- 600
602
3
1,41*
2*0
-410
-40
2,044
-825
951
59
2,800
1,237
1,232
24
3,098
137
1,532
57
1,781
529
- 321
45
3,307
-713
1 ,35*
170
2 , 0 90
-1,424
-498
63
4, 640
126
*44
134
5, 926
-65*
1,024
36
4 , 844
-2,055
1,772
44
*
9
10
11
12
13
2,484
-5
-50
351
-20
323
3,3*4
3
-65
365
-19
-14?
1,307
11
14
275
31
-50
1, 321
-24
180
230
-65
217
187
6
11
294
4
- 195
1 , 0*1
-8
-5
323
-18
-1
1 , 0 41
I
22
283
-23
204
?,550
-2
-21
272
- 149
-158
3,453
5
43
261
-44
231
3,069
0
20
250
- 116
313
5,151
40
50
309
-20
-15
4,959
65
55
423
-29
-390
1
•7
c | n^c
10 ?n
1969
I
0D4RTFRIV
CORPORATF
CHANGE
TN
1 TARILITTTS
S T A T E AMO 1 O f A l
S HORT - T E RM
nE
GOVERNMENTS
1
7
other
NE T CHANGE TN A S SE T S
H’l US F H' U PS
CORPHRATF RUSTNFSS
S . * L . G O V T . , GE N. FUNOS
COMMERCI AL BANKS
MUTUAL S A VI NGS BANKS
L I F E I NSURANCF C OS.
OTHER I NSURANCE C OS .
S . * L . G O V T . , R T R . FUNOS
FI NANCE N . E . C .
4
5
6
7
8
9
10
11
12
13
ANO F OREI GN RONDS
3,811
3, 143
176
203
289
3, 897
3,619
19
23
237
3.001
2,602
109
0
290
3.904
3,528
112
176
88
3.992
3,437
195
44
316
4.066
3, 301
4 79
8T
205
3.752
3,276
180
24
272
6.267
5,826
511
-7
-63
6.448
5,360
691
0
397
7 , 201
5,799
1, 162
3
237
7.914
6,389
892
342
291
7.466
6, 191
696
346
233
NFT I SSUES
CORPORATE BUS I N E S S
F I NA NC E COMPANI ES
COMMFRCI AL BANKS
RES T OF THE WORLD
3, *11
7 75
365
287
565
3 , 897
244
545
280
722
3.001
728
77
63
436
3.904
1,707
63
63
286
3.992
9 76
1,204
28
215
4.066
3 97
702
30
212
3.752
2,8*3
61
0
225
6.267
2,656
-5
220
432
6.448
3,524
0
223
7, 201
3, 116
12
451
548
7.914
3,447
442
0
1,942
7.466
2,823
4 37
0
1,661
N F T PURCHASES
HOUSEHOLDS
S T A T F AND LOCAL GOVERNMENTS
COMMERCI AL BANKS
MUTUAL S AVI NGS BANKS
6
7
8
9
10
11
i?
ii
14
15
2,398
883
368
687
160
1*660
700
113
691
156
2,315
1,295
337
421
262
1,879
871
61
630
3 17
1,565
850
-152
637
230
2,102
549
68
1,290
195
1 ,629
448
319
6 53
209
2,381
432
172
1,566
211
1, 996
150
482
970
394
2,157
507
626
668
356
2,130
1,091
-541
1, 211
369
2,569
388
2 29
1,519
433
I NSURANCE
L I F E I NSURANCE COMPANI ES
P R I V A T E P E N S I ON FUNDS
S . * L . 6 0 V T . R T R . FUNOS
OTHER I NSURANCE COMPANI ES
11
12
13
14
15
16
17
-350
71
284
162
-568
-50
-95
1
-231
235
560
63
-1,273
227
382
201
837
140
824
93
-208
161
-40
16
CORPORATE
-7 7 ?
16
17
FI NANCE N . F . C .
RE S T OF THE WORLD
EQUITIES
1
2
3
4
5
6
981
776
205
237
-2
-30
767
305
462
465
-4
1
2 , 197
1,821
376
324
-5
57
435
*537
-102
-148
1
45
2,463
2,415
48
25
-25
48
1,826
933
893
595
4
294
2,627
1,115
1,512
1,579
27
-94
2,013
500
1,513
1 , 548
8
-43
1,918
582
1,336
1, 251
-6
91
2,721
247
2,474
2,391
3
80
2,677
395
2,282
2,213
-2
71
2,742
32
2,710
2,545
0
165
7
8
Q
10
11
12
13
14
981
-626
41
1,414
145
1,077
47
145
767
-1,931
5*
1, 786
271
1,253
118
144
2 , 197
752
58
1,702
317
1 , 005
110
270
435
-2,429
57
1, 801
379
1,019
110
293
2,463
- 291
60
2,506
465
1,461
278
302
1,826
-2,384
58
2,471
455
1,192
294
530
2,627
-461
65
2,667
560
1,294
339
474
2,013
-817
6*
2,3*0
573
959
287
561
1,918
648
70
1,206
134
675
17
380
2,721
-1,958
73
3,460
717
1,698
323
722
2,677
- 2 , 168
75
4,439
1,082
2,290
375
692
2,742
-1,599
78
3,827
1,130
1,467
380
850
15
16
17
1*
182
675
-403
-30
786
488
29*
6*
-624
-172
-452
309
4 70
831
-361
536
-564
-205
-359
752
1,529
1,096
433
152
441
1,002
-561
-85
469
96
373
-87
-393
-431
38
387
659
442
217
4 87
256
471
-215
75
451
495
-44
-15
TOTAL
NET I S S U E S
OP E N- E N D I N V E S T ME N T C O S .
OTHER SECTORS
CORPORATE B U S I N E S S
COMMERCI AL BANKS
RE S T OF THE WORLD
I
2
3
4
5
6
NET PURCHASES
HOUSEHOLDS
MUTUAL S A VI NGS BANKS
I NSURANCE SECT OR
L I F E I NSURANCE COMPANI ES
P R I V A T F P E NS I ON FUNDS
OTHER I NSURANCE COMPANI ES
S . * L . G O V T . R T R . FUNOS
7
8
9
to
11
12
13
14
FI NANCE N . E . C .
OPE N- E ND I N V E S T ME N T COS.
BROKERS AND DEAL ERS
R F S T OF T HF WORLD
15
16
17
18
MORTGAGES
1
3,247
5, 725
5, 542
7 , 264
6,222
7,954
4,052
6,196
7, 793
8,352
6,958
11, 841
2
3
90
-13
545
-15
45
-18
293
-18
195
-19
3 50
-25
-284
-17
290
-24
21*
-26
408
-8
413
-20
1,234
-21
4
5
6
7
*
9
10
3,170
1,996
304
870
433
29 1
146
5,195
1,519
299
3,377
594
1,237
1,546
5,515
3,982
286
1, 247
572
120
555
6, 989
3, 151
276
3 , 562
720
1. 108
I , 734
6,046
4,348
307
1, 391
533
3 66
492
7,629
3,779
3 17
3,533
733
1,337
1,463
4,353
3,005
332
1,016
371
329
316
5,930
2,540
337
3,053
5 09
1,281
1,263
7, 601
3, 170
343
4, 088
501
1, ,796
l « 791
7,952
3,781
348
3,823
394
1,486
1,943
6,565
3,244
354
2,967
4*5
1, 0ft*
1,394
10,628
5,324
359
4,945
693
1,907
2,345
11
12
13
14
15
3,247
162
2
225
378
5,725
135
6
107
164
5,542
546
14
347
827
7, 264
283
18
317
638
6,222
530
3
132
713
7,954
271
-3
135
726
4,052
753
-1
100
1,66*
6,196
484
-I
61
1 ,359
7, 793
443
0
86
I , 1642
8,352
470
I
88
1,165
6,95*
475
2
-32
631
1 1 , 8 4 1 FUNDS ADVANCED B Y -407
HOUSEHOLDS
3
s t .+ l o c . g o v t s . , gen f d s .
U . S . GOVERNMENT
-51
SPONSORED CREDIT AGENCIES (1) (2)
1,578
11
12
13
14
15
16
17
18
19
20
21
2,483
136
1,266
486
770
10
5,313
1, 1*4
2,913
2,119
786
8
3, 80*
1,095
2,271
1,712
549
10
6,
I,
3,
2,
008
842
327
7 42
575
10
4,844
1,419
2,939
2,210
722
7
6,825
1,757
4,033
3,361
6 66
6
1,532
10*
820
630
1*3
7
4,293
397
2,830
2,337
4*6
7
5, 622
1,, 004
3, 844
3, 13 15
52?
7
6,628
857
4,667
4,006
6 54
7
5,*82
861
4,637
3,868
76?
7
10, 718
2,362
7,791
6,932
852
7
16
17
1*
19
20
?1
22
23
24
25
26
27
1,106
860
76
165
5
-28
807
6 57
-21
166
5
409
610
457
5
145
3
-168
531
4 48
-40
121
2
308
4 87
4 09
12
64
2
-1
556
484
-10
81
1
479
914
5*9
54
266
5
-310
8*1
549
6
319
7
1-85
489
3 75
-33
140
7
285
9 63
805
-ft
160
6
141
1 16
171
-144
82
7
26*
’ 25
*6
Q
124
6
340
-873
-117
6 20
72
1,0*2
456
491
289
38
65
28
-1,760
11/71
I S P R E L I M I N A R Y E S T I M A T E BASEO ON I NCOMPL ET E
I N F ORMA T I O N.
T OT A L MORTGAGE C R F D I T
BORROWEO BY—
S A VI NGS + L OAN A S S N S .
U . S . GOVERNMENT
1
2
3
P R I V A T E NONE I N . SECTORS
HOUSEHOLDS
N ONP ROF I T I N S T .
BU S I N E S S
FARMS
nonfarm
noncorporate
CORPORATF
PVT.
FINANCIAL
commercial
INST.
banks
SAVT N3S I N S T I T U T I O N S
S V G. ♦ LOAN A SSNS.
Mtl T. SA VI NGS 8ANKS
C R F O T T UNI ONS
fl)
I NSURANCE
lief
companies
PVT. p f n s i o n e u no s
ST . ♦! OC . G O V T . P F T . F O S .
OTHFR I NSURANCE
FI NANCE N . E . C
-925
- 2 , 449 ( 11 MEMO: e h i * LOANS TO
90
Sf.L AS SNS . ( I N C I U O F O IN " OT HF R I HANS" C A T F GORY )
590
1,237
(2) Includes mortgage pools backing
349
GNMA-guaranteed pass-through securities
4
5
6
7
8
9
10
?2
23
24
25
26
27
’8
S AUGUST 1971
MORTGAGES, « Y
TV°P
MORTGAGES,
BY TYPE
MORTG&GP MARKFTS BY T Y P E HE MORTG AGE
( M T U I HNS OF HOL L ARS)
JNADJUST PD
0 U A ° T C9 L Y FLOWS
1967
I
M
|
I
U N A OJ U S T E D QUA RT ERL Y FLOWS
1 96fl
I
II
1
!
1969
I
|
I
IT
HOME
1970
I
II
III
TV
!
|
1971
I
II
mortgagfs
1
?
1
4
5
ft
1,353
1 * 99*
-36T
-36^
-13
90
2,961
1,519
457
45 7
-1 5
545
3 , 057
3,0*?
- 47f t
-476
-18
45
4 , 1 86
3,151
3«0
380
-18
?91
3, 566
4,148
-470
-479
-19
195
4,668
1,779
28?
282
-25
3 50
1,686
3,005
-509
-509
-17
-?84
3,?36
? ,540
?00
? 00
- ?4
? 90
4 ,3?*>
3 , 170
482
482
-26
218
4,135
3, 781
-23
-23
-8
4 08
3,349
3, 244
-144
-144
-20
413
7,191
5,324
327
327
-21
1,234
NET CHANGE I N L I A B I L I T I E S
HOUSEHOLDS
N O N F A R M NONCORP. BUS I N E S S
CORPORAT E B US I N E S S
U . S . GOVERNMENT
S A V I N GS ANO LOAN ASSNS.
7
8
9
10
11
1,353
127
2
177
2 06
2,963
-55
6
99
-9
3,057
399
14
270
641
4 , 1 86
75
!8
2 4?
4 58
3, 566
141
3
73
520
4,668
- 1 88
-3
-12
4 84
1 ,686
411
-1
-7
I ,527
3,206
89
-1
-35
1,100
4 ,326
-85
0
-36
I ,440
4, 135
88
1
-6 2
1,004
3,349
61
2
-173
357
7,191
-821
3
-141
1,180
7
NF T CHANGF I N A S SE T S
8
H3 US F H0 L 0 S
9
S T A T E ANO L OCAL GOVERNMENTS
10
U . S . GOVERNMENT
SPONSORED CREDIT AGENCIES (1)
11
12
13
14
15
16
-20
804
316
478
10
525
2,178
1,685
485
8
467
1,542
1,291
241
10
888
2,428
? , 1 19
? 99
10
7 37
? , 2 47
1 ,841
3 99
7
934
3,201
2,825
3 70
6
-79
407
344
56
7
2 39
I ,975
1,689
279
7
4 34
2 ,741
2 ,468
266
7
3 27
3,084
2,744
3 33
7
3 27
3,016
2,613
396
7
1,474
5,567
5,107
453
7
IT
i a
19
20
86
10
76
-29
-192
-171
-21
411
-114
-119
5
-162
-234
-194
-40
310
-131
-143
12
-24
-190
-180
-10
4 42
-233
-287
54
-339
-310
-316
6
149
-414
- 381
-33
246
-407
-399
-8
100
-464
-320
-144
223
-365
-374
9
294
-
rfsidfntial
multi
famiiy
I
2
3
4
5
6
COMMERCI AL BANKI NG
S A V I N GS I N S T I T U T I O N S
S A VI NGS AND LOAN ASSNS.
MUTUAL S AVI NGS BANKS
C R E D I T UNI ONS
12
13
14
15
16
I NSURANCE
L I F F I NSURANCE COMPANI ES
P R I V A T E PE NS I ON FUNDS
F I N A N C E N . E . C . CMTG. C O S . )
17
18
19
20
mortgages
1
2
3
714
107
6 07
848
170
6 78
6 67
167
5 00
801
201
600
9 17
162
755
1,182
232
9 50
1,037
262
775
1,350
348
1,002
1, 579
369
1,210
1,896
545
1,351
1,436
337
1,099
1 , 9 1 3 NET BORROWI NG
CORPORATE B U S I N E S S
502
NONFARM NONCORP. B U S I N E S S
1,411
I
2
3
4
5
6
7
A
714
-145
60
-1
20
848
-115
21
0
54
667
-120
91
2
37
801
-88
79
0
60
9 17
27
6?
2
1 24
1,182
32
168
2
157
1,037
-150
110
22
62
1,350
- 192
101
97
34
1, 5 7 9
55
139
96
2
1,896
22
154
75
1
1,436
59
144
114
96
1 , 9 1 3 N F T CHANGE I N AS SE T S
173
HOUSEHOLDS
U . S . GOVERNMENT
86
165
F E D . N A T . MT G. ASSN.
COMMERCI AL BANKS
101
4
5
6
7
8
9
10
11
250
91
159
3 93
231
162
355
231
124
423
323
100
421
263
158
503
3 60
143
3 07
244
63
579
472
107
743
641
102
803
7 20
83
827
680
147
1,151
991
160
12
13
365
165
329
166
157
145
2 06
121
? 17
64
239
81
4 20
266
4 12
319
4 04
140
681
160
114
82
113
1 24
COMMERCI AL
S A V I N GS I N S T I T U T I O N S
S A V I N GS AND LOAN A S SNS .
MUTUAL S A VI N GS BANKS
9
10
11
L I F E I NSURANCE C O S .
S . * L . G O V T . P E NS . F U N D S
12
13
MORTGAGES
1
2
3
4
7 47
304
399
44
1,320
2 99
9 19
102
1, 246
286
864
96
1,557
2 76
t , 153
128
1,206
3 07
809
90
1,371
317
9 49
105
958
332
563
63
1,131
3 37
715
79
I ,387
343
9 40
104
1,927
3 48
1,421
158
1,688
3 54
1,201
133
2 , 0 4 4 N F T BORROWI NG
HOUSEHOLDS
359
CPRPORAT F B U S I N E S S
1,516
NONFARM NONCORP. B U S I N E S S
169
I
2
3
4
5
6
7
a
7 47
-24
-1
101
1,320
75
-I
5 04
1 , 246
34
2
471
1,557
50
0
7 04
1,206
138
-1
422
1,371
172
0
4 72
958
149
0
106
1,131
2 39
0
108
I ,387
222
0
4 07
1,927
179
-1
4 02
1,688
27
-1
3 36
2 , 0 4 4 N E T CHANGF I N A S S F T S
HOUSEHOLDS
-60
U . S . GOVERNMENT
-I
COMMERCI AL BANKS
6 55
5
6
7
8
9
11
214
79
135
343
203
140
375
1 90
185
477
300
177
2 70
106
164
328
176
152
113
42
71
282
176
106
3 58
206
152
764
5 42
2 22
788
575.
213
1,068
8 34
234
S A VI NGS I N S T I T U T I O N S
S A V I N G S AND LOAN A S SNS .
MUTUAL S A VI NGS BANKS
9
10
11
12
13
451
5
3 96
5
367
3
326
2
35?
2
361
1
556
5
4 59
7
354
7
5 36
6
486
7
3 30
6
L I F E I NSURANCE COMPANI ES
OT HER I NSURANCE COMPANI ES
12
13
509
501
3 94
485
693 N F T BORROWI NG BY FARMS
N E T CHANGE I N A S S E T S —
HOUSEHOLDS
301
5
U . S . government
F F D . LAND BANKS
233
COMMERCI AL BANKS
132
5
MUTUAL S A VI NGS BANKS
L I F E I NSURANCE COMPANI ES
17
to
FARM MORTGAGES
1
2
3
4
5
6
7
II/Tl
(I)
433
204
-11
173
35
-?
34
594
2'*0
-12
173
101
-1
103
572
233
-16
184
120
-1
52
IS PRELI MI NARY E ST I MAT E
7 20
245
-4
180
190
-I
110
RA S CH O N
533
2 24
-2
191
136
I
-17
733
255
-21
2 40
104
I
64
I N C OMP L F T E
371
3 43
-3
119
19
-7
-100
251
-17
106
161 '
2
-2
181
-3
86
127
16
-13
I NFORMATIDN•
Includes mortgage pools backing GNMA-guaranteed securities.
348
-5
16?
16
-6
-6
See preceding page.
328
-2
160
102
6
-109
1
2
3
4
5
6
7
6 AUGUST 1971
CONSlJMFR C R E D I T
AMO BANK I OANS N . E . C .
17
_
n^l|Mr»
CONSUMER C R F O I T
r.orntT
1
I
H
I
UV *0 J t J S T r n
1968
I
rank
I
I I I
1 9*9
I
TT
ioam
S N.'.r.
17
I NAOJ US T F O QU A R T E R I Y Fl nwS
19*7
a mo
ANO RANK LOANS NOT F( SFWHFRF C I A S S I F I F O
( M i l l I HNS OF OOI I AOS J
J
|
|g70
T
II
H I
IV
)
|
O' l A OT F Oi Y F|nw<;
j 971
T
II
CONSUME* f. OFOTT
1
-2,31?
2,110
-1,151
3,, 639
-1,241
4 , 112
-2,771
2,844
1,365
2,895
-3,198
3,672
2
3
-1,356
- 956
1,336
774
-452
-699
2 ,959
680
-218
-1,023
3, , 4 8 2
630
-1,507
-1,264
*,037
3?7
1,443
-78
1,019
1,876
-1 ,003
-1,205
2,592
I , 090
MET CHANGE TM L I A R T L I T I F S
( HOUSEHOl 0S1
I N S T A I MPmt c r f o i t
N ONI NS T A L ME NT C R F O I T
4
5
6
7
«
9
10
-2,312
-1,356
-69
-615
-257
-46
- 368
2,110
1, 336
I
20
694
405
216
-1,151
-452
-82
-720
382
43
-75
3 1, 6 3 9
?, t9 59
19
170
1,t503
518
749
-1,241
- 218
-78
-689
305
132
112
4,, 112
3,, 492
3
30
1,, 726
709
1,, 014
-2,771
-1,507
-85
-748
-349
-24
-301
2,844
2,037
4
30
1 ,0*3
551
429
1,365
1,443
*8
*55
1,077
440
-352
2, 895
1,019
146
1,280
-156
136
-387
- 3 , l OK
- l , pa?
-96
-849
-33?
an
-797
3, 672
2,582
8
45
1, 448
798
283
NF T CHANGE I N AS SE T S
I N S T A t « F N T CRFOIT
NONE ARM NONCHRP. BUSI NESS
CORPORATE BUS I N E S S
COMMFRCI AL RANKI NG
S A VI NGS I N S T I T U T I O N S
F T NANCF COMPANI ES
4
5
6
7
8
9
10
11
12
13
14
15
-956
-178
-801
-61
84
774
110
367
278
19
-699
-53
-746
76
24
680
137
399
130
14
-1,023
-151
-872
-14
14
630
102
441
70
17
-1,264
-228
-993
-57
14
807
119
504
16*
22
-78
-20*
48
57
lO
1,876
668
1,041
143
24
-1,205
-220
-1,057
44
28
1,090
97
713
263
17
NONI NS T A L ME NT C R F O I T
NONFARM NONCORP. BUSI NESS
CORPORATE B US I N E S S
c o m m f r c i a l BANKI NG
SA VI NGS I N S T I T U T I O N S
It
17
13
14
15
7,414
5,034
7,399
-4,042
1
2
3
BANK LOANS NOT ELSEWHERF C l A S S I F I F D
]
-2,572
8,011
-3,535
11,490
-1,535
2
3
4
5
6
. 7
8
9
10
11
12
13
136
-318
-430
1,093
290
635
168
0
-3,053
0
10
-3,043
1, 1 « 4
972
-342
190
-92
287
-5
0
6,007
0
5
6,012
1,095
458
-1,944
-537
-934
4 19
-22
0
-2,60 7
0
15
-2,592
1,842
1,633
663
-508
-297
-4
-207
0
7,860
0
-2
7,858
1,419
291
-2,717
136
-240
421
-45
0
-664
3 50
0
-314
1 , 757
I , 796
1,248
-135
- 312
263
-86
0
9,275
1,752
0
11,027
108
-406
-1,329
-640
-724
253
-169
0
-6,812
2,883
40
-3,889
397
1 , 185
-1 ,489
9 19
668
60
191
0
6,402
1,225
50
7,677
I,,004
1,, 129
1,, 702
977
*67
347
363
0
222
- 2 , i 870
-90
- 2 , 738
857
-13
2,443
726
358
-374
7 47
0
3,386
-2,302
0
1,084
14
15
16
17
18
19
*0
21
-3,043
-742
300
-116
124
-265
-2,079
-265
6,012
1,557
400
4 07
3,265
-7
684
- 294
- 2 , 592
-778
300
-67
-984
-103
-831
-129
7,858
1,797
400
519
6 00
70
1,629
-157
-314
- 773
400
193
1,142
-111
-1,067
-98
11,027
2,295
452
661
5,163
36
2,335
85
- 3 , 889
-1,006
272
-287
-804
-169
-1,887
-8
7,677
1,018
633
330
4,229
-5
1 ,566
-94
- 2 , 738
481
167
1
“ 2 , 751
-36
402
-40
1,084
1, 311
-759
201
533
135
-553
-284
TI/71
IS
13, 941
-9,079
P R E LIM IN A R Y F S T I M A T F BASED ON INCOMPLETE IN FO RM AT IO N.
T OT AL
11, 111
BANK LOANS AT COMMFRCI Al
BANKS, F / F BA S I S
1
861
-288
-1,836
45
-376
162
259
0
-2,824
-175
0
-2,999
L F S S : LOANS I N OTHER C A T E GORI E S
2,362
MORTGAGES
1,711
CONSUMER C P F D I T
- 400
SECURI TY CREDI T
-191
OTHER LOANS
100
F I N A N C E C O. PAPER
-145
OTHER COMMERCI AL PAPER
-146
acceptances
0
HY P OT HE C A T E D D E P O S I T S
7,629
E Q U A L S : BANK LOANS N . E . C .
100
P L U S : L OANS BY BANK A F F I L I A T E
0
LOANS BY F . R . BANKS
7 , 7 2 9 E Q U A L S : T OT A L BANK LOANS N . E . C
2
3
4
5
6
7
8
9
10
11
12
13
-2,999
-776
445
-184
-2,438
-171
195
-70
7,729
1,739
700
683
2,312
4 17
1,327
551
14
15
16
17
18
19
20
21
N F T CHANGE I N L I A B I L I T I E S
HOUSEHOLDS
FARM BU S I N E S S
NONFARM NONCORP. BUS I N E S S
CORPORAT E B U S I N E S S
S V G S . + LOAN AS S N S .
f i n a n c e COMPANI ES
RE S T OF THE WORLD
6 AUGUST 1071
0 T H c R LOANS
OTHER LOANS
OPF N- MA OKET PAPER ANO OTHFR
( M T I L I O N S OF DOL L ARS )
IN AO J U S T F D
U N A D J U S T E D QUART ERL Y FLOWS
OUA RT F RI V FLOWS
l of t ?
I
I
II
I
1968
I
1
I
II
1969
I
I
17*i?
445
l7^
1 54?
10
495
147
U t
_??<,
IftO
50
;
a
9
ir*
n
n
-1,760
l 700
i f ?5 i
r*
-873
-449
07?
->
*
*
%■>
1
1
Is
15
* AP*
N800
S? 6
-\ A ?
-1.44?
1 091
46
4 4 ft
It
8
iq
M
? \\
4,684
* 401
1 H7
i lfl
1,496
5T
?f)
o
-117
1,504
81?
1 , 1 9 ft
4 16
? i ft
7 44
95
0
6?0
101
185
2,856
1970
T
LOANS —
II
SFCTQO
5, MO
--^11
176
565
1,Q59
]17
_ 7fn
2 00
7?
1,452
601
7,44?
- :
676
4 54
2 ?6
?,344
75
0
1 ,040
1,08?
691
852
8,809
—
85?
490
102
?,461
H4
0
2,224
4 56
1,580
3 10
III
I
|
IV
1971
I
II
TOTALS
4,418
-2*557
—
571
740
481
- 186
155
1
1,098
826
40
194
0
0
1 ,015
-2,882
491
289
-??1
-1,493
5 90
119
7 87
3 97
-138
688
8 16
50
0
-2,237
90
-23
1,144
1,696
-1,468
NE T I N C RF A S E I N L I A B I L I T I E S
469
275
HOUSEHOLDS
4 77
5 56
FAR** B U S I N E S S
598
71
NONFARM NONCORP. BUS I N E S S
1,821
-485
CORPORATF BU S I N E S S
93
44
S T A T F AND L OCAL GOVERNMENTS
0
0
SPONSORED C R . A G E N C I E S
- 657
41
BANK A F F I L I A T E S
-925
-7,449
S A VI NGS I N S T I T U T I O N S
-947
-204
FI NANCF N . E . C .
765
681
R E S T OF THE WORLD
498
-50?
7??
-561
561
4.684
9 10
1 155
178
178
1.196
1 4 18
876
80?
80?
5,610
1 1^7
887
425
7,442
2 i 6t
751
1,447
8,809
5 367
9 84
933
4,418
1597
741
8 53
^
—2 , 5 5 7
-7,190
740
798
^
787
-862
497
2 39
^
1,696
-851
1,715
-396
^
-1,468
-1,294
811
-2,03?
^
190
47
584
-10
5
-517
6?
4?2
2,431
Z,„ 5
-508
116
1 14
669
1, 901
45
-135
14
996
1,560
555
-640
170
9 50
975
82
9 19
-4
5 46
-540
376
977
44
1,38?
1,556
-419
7 26
-50
58
-289
4 98
45
268
1,206
355
-225
-191
-33
7 28
425
6 94
77
40?
5T
i n
HPF N - MA RK E T
1
I
I
H
nrnro
2
LOANS
543
1 , 9 71
761
3 , ? ?0
2*6 9 9
5,441
1*131
-3,841
-983
-427
-1,344
1*18?
1,177
3,723
1*279
-3,369
-7*346
- 1*441
19
7
1, 4R4
-458
1 *021
1
4
1 *484
5
-458
0
1, 071
0
321
0
1,782
1 00
5 87
540
1,506
2*217
65
1 *7 1 4
-1,076
- 2 , 3 43
-205
-2,141
-838
-603
70
-51
5
7
1,024
1 70
290
-676
3 10
-92
1,809
146
-934
5 77
41
-297
1,347
275
-740
1*067
372
-312
4,207
240
- 724
710
-99
668
-4,524
888
267
-2,411
-793
3 58
-2*003
938
-376
-101
20
100
8
1,771
5 74
931
-10
1,802
1*156
1,817
-645
-471
153
899
- I *835
1*062
-109
-54
-1*653
-274
97
,
10
11
1*055
2 16
0
5 65
9
0
448
483
0
-82
72
0
1,537
170
1 00
5 50
106
5 00
1,736
74
7
-180
-286
-179
535
-467
-539
67
187
-96
12
13
14
776
-140
635
171
116
2 87
-879
1.391
4 19
861
-867
-4
50
1,331
471
1*2 4 0
-347
263
1* 1 6 0
404
253
887
-1*597
60
- 2*666
1*848
347
1,549
-1*077
-374
1*150
-413
162
-1*193
-497
-145
15
101
4 27
19
-50
36
416
-99
497
-1
1,210
115
4 72
q
12
3
14
15
16
COMMERCI AL BANKS
MUTUAL S V GS . BANKS
I NSURANCE
. FI NANCF N . E . C .
RE S T OF THE WORLD
|7
8
l_
20
21
OPFN MARKET P A P E R - T O T A L
DI RE C T L Y - PL A CE D PAPER- TOTAL
L I A B I L I T I E S OF:
F I N A N C E COMPANI ES
BANK A F F I L I A T E S
ASSETS O F :
N O N F I N . C ORPORAT I ONS
L I F E I NSURANCE C OS.
COMMERCI AL BANKS
DEALER- PLACED PAPER- TOTAL
L I A B I L I T I E S OF:
N O N F I N . C ORPORAT I ONS
F I N A N C E COMPANI ES
BANK A F F I L I A T E S
ASSETS O F :
N O N F I N . C ORPORAT I ONS
I N V E S T ME N T COMPANI ES
COMMERCI AL BANKS
BA N KE RS ' A C C E P T A N C E S - T O T A L
L I A B I L I T I E S OF:
RE S T OF T HE WORLD
NONFI N. BUSI NESS
NONCORPORATE
CORPORATE
ASSETS O F :
A G E N C I E S OF F GN. BANKS
RE S T OF THE WORLD
F EDERA L RESERVE
COMMERCI AL BANKS
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
17
-77
113
57
56
290
126
63
63
-176
27
14
13
2 44
753
127
126
- 231
230
115
115
9 10
3 00
150
150
60
55
28
77
134
338
1 69
1 69
0
113
44
-207
0
45
36
-45
0
555
-53
-86
0
82
-12
-169
0
376
-70
191
0
-419
55
363
0
4 98
-30
7 42
0
- 775
81
259
0
6 94
-76
-146
571
-80
651
1,05?
-13
1,065
-292
-415
123
733
2 26
5 07
768
105
663
9 22
-30
952
F I N A N C E C O. LOANS TO BUS I N E S S
L I A B I L I T Y - N O N C O R P . BUS.
C ORP. B U S .
I
2
3
U . S . G O V T . LOANS
L I A B I L I T I E S OF:
HOUSEHOLDS
FARM B U S I N E S S
NONFARM NONCORP. BUS .
CORPORATE B U S I N E S S
S T A T E ♦ L OCAL G O V T S .
SPONSORED C R . A G E N C I E S
R E S T OF T HE WORLD
4
5
6
7
8
9
10
11
SPONSOPFO C R E D I T AGENCY LOANS
NONFARM NONCORP. B U S . ( B C )
FARM B U S I N E S S t F I C B )
S V GS . ♦ LOAN AS SNS . ( F H L B )
12
13
14
15
P O L I C Y LOANS ( HSHOL D L I A B . 1
ASSETS U . S . GOVT.
I I F E I N S U R. COS.
16
17
18
4 00
27
14
13
-22
41
71
20
-195
145
73
19
88
13
7
6
70
71
72
?1
1
15
-81
168
401
5
76
-5
0
115
-74
-22
16
17
NE T I N C RE A S E I N A S S E T S
CORPORATE B U S I N E S S
U . S . GOVERNMENT
SPONSORED C R E D I T AGENCI ES
MONETARY A U T H O R I T Y
PAPER
321
(
I
?
3
4
5
6
7
8
9
10
11
20
21
72
73
OTHER T Y PE S
-527
-241
-286
1,042
100
942
1,501
924
717
7 07
5 70
734
1 36
I ,907
705
1,702
816
873
730
720
723
490
1,211
809
74
78
136
87
49
0
346
62
-87
151
53
194
0
3 50
39
-114
189
92
50
0
2 34
197
71
74
71
93
0
705
65
27
79
47
44
0
547
60
97
18
68
50
-56
4 7?
1 14
-16
41
86
57
76
834
45
7
48
47
95
-6
580
171
109
74
15
137
-281
678
31
20
13
29
75
0
562
118
121
90
61
134
0
436
-1,44?
71
? 45
-1 ,760
8 0?
-144
376
6?0
425
86
I ,447
-69
434
I , 082
933
108
3 69
456
853
-91
453
491
? 98
108
179
-871
178
92
703
-117
239
173
-24
90
3 96
173
406
-7,032
11?
579
, 449
? oi
11
?78
287
11
774
787
1I
?75
371
10
361
4 0*
14
194
645
21
674
734
24
710
6 66
71
645
511
17
494
358
7
351
27?
4
2 68
210
7
208
5
6
7
8
9
10
11
84
200
14
79
10
-47
1,163
17
13
14
15
16
1T
18
767
-50
0
11/71
IS
PRFLIMIVAOV
E S T T M A T F RASED ON I NC OMPL E T E
I NFORMATI ON.
-33
MUTUAL S V G S . BANKS LOANS T O
NONCORP. B U S I N E S S
HYP OT HF C A T F D D E P O S I T S ( HSHOLDS L I A B . I
0
A S S F T - C O MMF R C I A L BANKS
19
20
6 AUGUST 1971
SFCURITY
CRFDIT,
TRADE
CRFDIT,
AND
TAXFS
19
SPC'RITY
SFCURITY
r.RFniT,
T R AOP
fR^ntT,
(millions
JN AD J U S T F O
QU ARTPRI Y
1967
I
II
|
|
UV AO J ' K T F O
1968
H
f
I
1 969
T
H
I
I
tqa
-.f
rurnir,
AVO
r ft/ r c
19
O
i|A»t f o
1970
T
CRC D I T ,
PAYARl F
np n o n A » S )
F L O WS
I
AND T A X E S
TT
TTT
TV
|
|
« v r | o w<;
! <*71
T
TT
SF CURI T Y CREOI T
3
4
433
?57
- 700
4S7
241
766
346
420
-2,793
-1,060
-290
-770
2, 952
1 , , 845
217
I . , 628
-4,802
-1,241
378
-1,619
903
-342
- 225
-117
-2,929
-1,404
-202
-1 , 202
-2,782
-1,078
-260
- 818
2,, 333
239
157
P2
3,035
361
-175
536
-796
60?
125
477
2?4
65?
133
519
MET C HA MGF IN L I A R U I T I P S
CUSTOMS
S F C U R I T Y LOANS F Rnu PANKS
6
7
R
173
-233
-145
S 48
-5?5
-688
45
118
-1,733
-1,654
0
-79
1,, 107
446
0
661
- 3 , S61
-3,095
0
-466
1,245
1,473
0
-228
- 1 * 5 25
-1 ,127
0
-398
-1 ,704
-1,220
0
-47<;
I , , 7Q4
1,, 545
0
249
2, 674
2,618
0
56
-1,39*
-1,961
0
563
-4?8
-533
0
105
RROKP^S ♦ 3PAL FRS
S E C U R I T Y LOANS F R O M RANKS
E R H M AG. OF F GN . BANKS
CUSTOMER C R F D I T BALANCES
9
10
11
12
430
523
25
-430
241
73
45
-342
- 2 * 793
-119
40
-1,944
2, 952
558
103
663
-4,802
-383
-83
-2,717
903
- 241
13
1,248
-2,929
- 332
-66
- I ,329
-2,78?
-441
-34
-1,489
2,, 033
292
-43
1, , ^ 0 2
3,035
-2
58
2,443
-79*
401
16?
-1,836
224
66
39
-400
13
14
IS
312
4S7
- 145
465
420
45
-770
-770
0
1, 628
1,, 628
0
-1,619
-1,619
0
-117
-117
0
-1,202
-1,202
0
-818
-818
0
82
82
0
536
536
0
4 77
477
0
519
519
0
1
2
3
4
-1,753
90
506
- 450
4,325
100
802
1,484
- I , 141
115
4 29
-1,266
5,246
122
695
1,512
2,035
128
4 39
-174
7,369
131
7 79
1 ,965
490
136
466
- 696
2,251
137
648
545
4,314
140
- 202
57
-1,535
141
-652
-1,338
-1,748
144
345
438
4,296
146
856
-125
5
6
7
8
- 1 ,, 972
146
•172
99
1, , 5 2 8
157
217
37
-593
155
-262
281
2,355
158
-135
5 39
1,352
131
-274
433
4,535
119
-80
-80
43
125
-124
540
951
126
-275
119
4,320
127
-151
23
163
129
-28
50
-3,133
130
32
296
2*9 5 8
132
103
226
9
10
11
12
13
1, 653
906
497
66
184
2,, 576
1,, 911
S67
67
31
2,926
2,512
227
71
116
4,945
4,413
182
70
280
5,249
4,591
4 36
96
126
5,620
5,082
353
108
77
4,549
4,449
-168
102
165
2,408
2,098
-194
100
4 04
2,720
2,522
- 162
100
260
-2,506
-2,881
-25 3
97
531
2,412
2, 651
-436
97
100
3 *4 7 7
3*2 9 9
-267
95
3 50
14
- 3 , , 406
1,, 7 4 9
-4,067
301
-3,214
1,749
-4,058
-157
1,594
971
-4,160
819
1
?
customfo
NFT CHANGE
dfpit
ralancfs
I N ASSETS
households
EORF I GN
COMMPRCI Al
RANKI NG
F I NA N C E N . E . C .
BROKERS AND DEAL FRS
AG. OF F G N . BANKS
1
7
3
4
5
6
7
8
9
10
11
12
13
14
15
T RADF C R E D I T
NET CHANGE I N L I A B I L I T I E S
HOUSEHOLDS
FARM B U S I N E S S
NONEAPM NONCORP. BUS I N F S S
( P A Y A B L E S L ESS RF C F I V A B L E S 1
CORPORATE B U S I N F S S
S T A T E AND L OCAL GOVERNMENTS
U . S . GOVERNMENT
F ORE I GN
I
2
3
4
5
6
7
8
NET CHANGE I N A S S E T S
CORPORATE B U S I N E S S
U . S . GOVERNMENT
I NSURANCE
F ORE I GN
9
10
11
12
13
D I S C RE P A N C Y 1 1 - 9 1
14
P R O F I T T A X E S PAYABLE
I
?
3
4
5
6
7
8
9
-983
-1*415
-3
135
14
211
79
-4?
38
-6*247
-5,444
-9
- 301
-24
-3?2
-73
-50
-24
2,396
2 *096
2
-11
24
16?
30
43
50
- 1 , ,869
- 1 , ,573
-I
-89
-9
-90
-36
-64
-7
2,299
1,896
-2
135
19
163
32
46
10
-4,409
-3,960
-2
-133
-23
-170
-6
-50
-65
840
203
5
398
27
173
44
21
-31
-4,527
-3,941
-4
-258
-28
- 198
-47
-40
-11
427
31
16
173
14
99
32
35
27
510
3 88
3
15
3
38
36
12
15
1,414
1, 109
-115
228
25
125
34
34
-26
-1,879
-1,436
144
-435
-20
-133
33
-33
1
T O T A L T A X F S PAYABL E
NONE I N A N C I A L CORPORAT I ONS
FEDERAL RESERVE
COMMERCI AL BANKS
S V G. ♦ LOAN A S S N S .
L I F E I NSURANCE COMPANI ES
OTHER I NSURA NC E COMPANI ES
F I N A N C E COMPANI ES
BROKERS ♦ DEAL ERS
n
11
12
-1,097
- 1*227
130
-7*010
-7*030
20
2*918
2 *382
536
- 3 , ,252
- 3 , ,292
40
1, 161
1,069
92
-6,088
-5,792
-296
246
32*
-82
-5,684
-5,451
-233
937
1 * ?30
-323
9 10
1*130
-220
1,578
1,381
197
- 2, 4«»3
-2,523
30
T OT A L T A X E S R E C E I V A B L E
U . S . GOVERNMENT
S T A T E ♦ LOCAL G O V T S .
10
11
12
13
114
763
-522
.1, , 3 8 3
1,138
1,679
594
1 *1 5 7
- 480
-400
-164
614
UN A L L OC A T E D
13
PROPRI ETORS'
EQUITY
I N NONCORPORATE B US I NF S S
1
-992
-903
-681
- 483
-1,147
-1,038
-651
-532
-620
-495
-1,088
-918
2
3
-283
-709
-381
-522
-63
-618
167
-650
-242
-905
-109
-929
6
-657
212
-744
H I
-731
123
-618
-5?
-1,036
181
-1,099
11/71
IS
P R E L IM IN A R Y E S T I M A T E BASED ON INCOM PLE TE
I
2
3
4
5
6
7
8
9
IN FO R M AT IO N.
TOTAL
HOUSEHOLD
I N V F S T MF N T
NONFARM NONCORPORATE BU S I N F S S
F A R M BUSI NESS
I
2
3
6 AUGUST 1 ^71
MT SCFt . LANFOUS
!
MI SCEL L ANEOUS
20
MI S C F t LANFOIJS F I N A N C I A L C L AI MS
( M U L I O N S OF DOL L ARS )
J NA OJ US T F D
QUA RT F RL Y FLOWS
1067
T
I
U N A D J U S T E D QUA RT E RL Y FLOWS
106 R
T
I I
|
TI
1069
I
|
Tl
1970
T
I I
III
|
1
IV
1971
II
I
4 24
107
1?
200
q 625
4 00
0? 5
? 17
R4?
? 51
?3 1
1 3*347
8R
195
- ? 76
RO
210
8 * 40R
«75
-71
540
I * 20R
558
1*532
5 * 4R R
03
1*813
-107
25?
63
-303
7B4
863
197
B94
-260
1 *199
4* 363
91
777
122
528
276
—9R6
1 68
6
570
925
75
1*811
759
90
280
?50
215
-354
- ? , 3 07
-56
745
270
936
114
586
-2,047
88
262
274
1,097
401
-4*758
-3
-016
322
928
100
158
6,321
87
4 66
317
9 56
-179
2*076
9 32
813
223
9 40
-1,189
870
-76
85
1,066
298
-1,638
-228
-3,065
16
3 87
4 74
1,095
-604
2,128
q ,*??
RO
-172
9* ?33
QO
1 *350
176
?R0
-6 7
5* RBI
0
-363
421
5R1
20?
673
7
- 1 R4
77
962
449
42*
-97
-3*343
10
11
12
13
R66
-26
497
-222
225
6,710
71
1,104
423
423
173
2*705
0
-275
631
518
2B4
653
14
15
16
17
IB
19
20
21
2?
23
24
?5
26
27
1*6 0 3
361
59
9R
1.394
-112
-508
-430
723
103
144
103
-362
25
3* I B ?
373
75
101
167
-35
143
893
794
46
172
B7
3 42
27
3*055
427
73
1t T
967
-6
-79
29
-66
124
66
73
1*3 0 4
32
4* 361
43R
04
115
-866
17
155
1 *317
443
150
55
37
2 *405
I
1 1 *134
5 79
99
15?
4 .747
-110
-210
I *053
1 07
*69
-62
' -55
3 * 3R3
182
8*7 8 0
892
123
170
1*494
108
154
1*308
49
-227
108
-23
4*324
3 00
6*424
587
104
176
2*033
453
49
4*37?
433
191
-165
45
- 1*776
-78
2*511
614
110
181
- 223
-6
89
1*403
8 47
-86
-12
39
-107
-248
3,583
629
106
178
514
318
15
1,466
531
130
-112
38
-46
-284
-1*636
6 33
115
178
721
187
105
-627
1*0 2 8
335
64
40
-4*223
-192
6 *0 0 0
654
110
182
3*606
318
-43
3*259
1 *646
2 37
?53
37
- 3*866
-294
2,320
810
111
184
1 , 0R7
130
154
1,416
-760
-65
-19
39
-1,442
-225
2B
-1.787
3 *5 2 8
- I * 164
4*872
- 1 *812
4*567
-936
1*852
-2,814
-411
222
-2,396
1
?
3
4
5
1 * B91
P4
780
403
-60
373
- I , 181
0
000
?to
57?
— 77
T OT A L L I A B I L I T I E S
HOUSFHOLOS
CORPORATE B U S I N E S S
U .S . government
SPONSORED C R . A GE N C I E S
MONETARY A U T H O R I T I E S
COMMERCI AL BANKS
BANK A F F I L I A T E S
S A VI NGS I N S T I T U T I O N S
L I F E I NSURANCE COMPANI ES
N O N L I F E I NSURANCE COMPANI ES
FI NANCE N . E . C .
* F S T OF THF WORLD
30
- 6 24
-295
-246
206
6 79
-82
1 *28?
181
3 *58?
15
3*6 4 8
190
- 722
-1*094
-253
250
-1,433
323
-3*582
-3*854
COML.
-1,503
DFP . AT AG . O F F G N .
-551
-975
2 15
31
32
33
34
— 381
30
- 441
30
121
23
127
-29
-190
9
-130
-69
110
0
102
B
-310
-64
-231
-15
2 36
169
98
-31
-167
-43
-18
-106
72
17
40
15
76
11
-34
99
-101
-179
35
43
35
-36
-16
0
0
0
0
0
0
0
0
- 101
-88
-77
64
UNALLOCATED,
BANK L I A B . TO F GN . BRANCHES
A S S E T - R F S T OF THE WORLD
BANKS ( F I N A N C E N . E . C . L I A B . )
A S S F T - R E S T OF T HE WORLD
S A VI NGS O E P O S I T S ( U . S . G O V T .
A S S E T - HOUSFHOLDS
0
IB)
36
811
64
37
3^4
70
86
251
388
5
591
246
1*025
1*336
1,317
581
-108
1*140
164
459
103
216
99
50
38
-67
41
49
44
21
56
67
49
49
70
19
454
4 35
-129
07
-156
34
-55
3 47
6
991
34
28
NFT
DEPOSITS
FORF I GN CURRENCY EX C E P T O F F I C I A L —
L I A B I L I T Y - R E S T OF THE WORLD
140
ASSETCORPORATE BUS I N E S S
78
U . S . GOV T ,
100
-38
COMMERCI AL BANKS
POS T A L
0
OI RFCT
1,660
100
1
2
3
4
5
6
7
8
9
10
11
12
13
14
T OT AL ASSFTS
15
HOUSEHOLDS
16
FARM BU S I N E S S
NONFARM NONCORPORATE BUS I NE 17
18
CORPORAT E B U S I N E S S
19
SPONSORED C R. A GE NC I E S
20
U . S . GOVERNMENT
21
* COMMFRCI AL BANKS
S A VI N GS I N S T I T U T I O N S
22
L I F E I NSURANCE COMPANI ES
23
24
P R I V A T F P E NS I ON FUNDS
S . + L . G O V T . R T R . FUNOS
25
RF ST OF THE WORLD
26
27
BANKS I N T E R R . A N O POS S .
(A)
20
I
20
30
31
32
33
34
LIAB.)
35
EQUITIES
F G N . I N V E S T ME NT BY U . S . C O R P .
L I A B . - R E S T OF TMF WORLD
D I R E C T I N V E S T ME N T I N U . S .
A S S E T - R E S T OF T HE WORLD
u. S.
54
29
36
37
GOVT. E Q U I T Y I N I BRD, ETC.
L I A B I L I T Y - R E S T OF THE WORLD 38
D E P O S I T S A T F HL B ( S . ♦ L . A S S N S . A S S E T )
L I A B I L T T Y - S DONSORED C R . A G S .
1,095. - 1 , 3 1 3
39
EQ U I T I ES IN U .S . G. CR . AGEN C I ES
U . S . G O V E R N ME N T
40
41
40
41
32
0
6
-25
43
2
50
9
63
0
51
0
113
0
65
0
38
0
90
0
4?
0
-1
. 0
42
43
44
45
3
10
IB
1
4
?t
5
1
2
10
22
7
5
?9
9
7
3
I?
39
9
4
26
9
12
5
8
80
?0
6
14
28
17
2
13
13
13
2
19
8
61
4
14
22
2
6
15
-27
5
private
11/ 7 1
IS
PRELI MI NARY EST I MA T E
BASED ON I N C OMP L E T F
I NFORMATI ON.
NONFARM NONCORP. ( B C )
FARM B U S . ( F I C B «• F L B )
S V G S . + LOAN AS S N S . ( F HL B )
CORPORAT E B U S . ( F N M A )
42
43
44
45
1
6 AUGUST 1971
MI S C EL L ANEOUS
!!
MI SCE L L A NFOUS
21
TI
MI S CFL L ANF OUS F I NANC I AL C L AI MS ( C O N T I N U E D )
( MRLTOMS "F h h l l a r s )
J N A O J U S T F O O UA OT F PL Y FLOWS
1967
I
II
77
1
■
>
71
|
I
21
UNAO J I J S T f n
1968
I
II
84
90
|
I
1969
I
88
II
|
I
1970
I
88
II
93
91
III
90
IV
QI|Ad t f q i y
|
|
tl
OWS
1971
I
II
OF F F PRF n AND UN P A I D PRFMUJMS ( L I F F I MS . A S S F T )
88
87
85
L I A B I L I T Y - HOUSFHOLOS
1 TPF COMPANY PF S E PV F S ( HOUSEHOLDS A S S E T )
278
286
LIABILITYI IFF I N SU R A N T
117
119
A C C I D E N T AMO HEA L T H
146
147
P O L I C Y O I V I O E N O ACCUM.
I
3
4
201
84
119
189
74
115
209
80
129
214
79
135
211
94
117
717
99
138
754
112
142
258
115
141
764
1 20
144
273
128
145
5
6
7
8
9
4 97
159
95
49
194
518
167
97
54
200
572
182
109
63
218
581
182
110
65
224
842
258
149
87
148
1,708
290
166
97
655
894
294
171
96
331
925
298
175
96
356
936
299
176
96
365
928
296
176
96
360
9 49
299
178
96
376
10
-1,787
3,578
-1,164
4,872
- l i , 812
4,567
-936
1,852
-2,814
-411
222
-7,396
11
12
13
14
15
16
I7
1«
19
70
21
2?
-919
898
265
220
-58
866
-229
71
-138
-97
0
-1,231
5,011
1,034
207
232
-18
-775
447
78
187
171
0
2,200
3 19
529
184
219
26
9 09
1
55
-117
373
0
-562
6 , 182
1,145
156
20
113
-161
207
21
131
-67
0
1,299
4, >109
178
-41
150
105
925
-14
236
-71
200
4 00
267
6,410
11
-182
-94
-5
-71
103
3 68
215
210
875
966
3,841
1,354
-600
493
19^
861
-57
-7
-37
61
784
562
1,608
674
0
122
116
6
312
-175
373
276
168
9 24
-177
64
-11
761
171
745
6
- 209
-120
-154
-56
112
-1,010
163
0
274
16
-916
49
-115
2 97
401
-3
-993
7,576
4 16
10
307
-181
813
-55
-214
-203
-179
932
2,907
- 128
966
-3
301
-324
387
188
-143
274
-228
16
-1,574
T3TAL L I A B I L I T I E S
CORPORATE BU S I N E S S
U . S . GOVT.
U . S . G O V T . - W I T H O U T LEVELS
SPONSORED C R . A G E N C I E S
S A VI N GS I N S T I T U T I O N S
L I F F I NSURANCF
BANKS I N T E R R . A N D POSS.
RE S T OF THE WORLO
MONETARY A U T H O R I T I E S
BANK A F F I L I A T E S
COMMERCI AL BANKS
11
12
11
14
15
16
17
18
19
20
21
22
?3
24
25
26
-1,488
-533
-339
616
751
441
-87
-197
-1,298
-933
70
4 35
3,300
1,699
1,368
-233
1,i 776
-560
848
512
1,794
1,981
880
-911
229
-150
656
277
-1,188
1,544
-3,019
-287
-986
447
-1,146
787
-183
2
-839
-654
3,023
2,450
1,162
589
12
-170
279
97
F L O A T S I N C O N L . BANK STMN
ON I N T E RBA N K D E P O S I T S
ON I NT ERBANK LOANS
L E S S - O N N . B . RESERVES
23
24
25
26
27
78
29
30
11
12
33
14
15
16
868
391
-112
-460
251
31
144
101
25
493
1,483
-328
-38
9 72
354
-25
172
87
27
312
1,483
683
-6
98
41
40
66
73
32
456
1,310
-1,443
17
1,309
. 117
60
55
17
I
937
5, 921
3, 9 53
■110
1, 968
224
281
-62
-55
182
■460
1,843
-2
108
1,319
6
-315
108
-23
300
32?
4,777
426
453
4,478
408
98
-165
45
-78
-888
-244
-1,872
-6
1,388
472
-177
-12
39
-248
17?
2,417
-390
318
1,367
612
40
-112
38
-284
848
-599
651
187
-67 0
29
2 47
64
40
-192
-955
7,354
2,253
318
3,195
529
150
253
37
-294
9 11
2,268
-53
130
1,454
580
-150
-19
39
-225
512
(01
(El
COMPONENTS OF " SOURCES N . E . C . "
1,095
297
178
96
5 24
1, 898
4,705
2,951
751
2,200
0
173
423
1,214
1 17
-- 1 , 8 6 0
-- 1 , 2 9 8
-562
0
373
-60
5,097
5,662
4,599
3,300
1,299
0
-67
289
1,781
4,890
2,043
1,776
267
4 00
2 00
12
7,011
8,160
4,760
3,794
966
875
210
80
-7,167
3,584
791
229
562
784
61
252
808
2,284
—? 64
-1 , 188
9 24
168
276
528
- 607
996
-874
-986
112
-56
-354
215
2,053
7 53
-1,176
-183
-993
-3
401
1,097
4, 2 67
8,435
5,930
3,023
2,907
912
-179
9 56
9
10
11
12
13
730
136
471
-295
73
-404
129
1,149
206
78
781
128
782
-82
55
-478
115
1,002
181
21
822
103
1,059
15
236
-288
217
1,748
190
368
743
120
1,091
- 253
-7
-239
245
1,495
250
- 175
616
129
1,206
323
-209
-518
-398
1,250
215
-115
755
58
1,172
- 975
-214
156
731
1,569
-551
-143
14
15
16
17
561
-112
-430
1,103
1,981
-38
893
1,126
252
-6
29
229
2,020
17
1,317
6 86
2,384
-110
1,953
541
1,623
108
1,308
2 07
5,251
453
4,372
426
1,937
-6
1,403
540
2,187
318
1,466
$03
835
187
-627
1,275
5,456
318
3,259
1,879
18
19
70
21
?2
?3
1,011
432
310
-770
172
66
1,267
-803
312
422
123
67
545
300
3 29
-- 1 , 5 5 7
163
71
1,270
-296
118
-654
-81
70
160
403
4 39
-2
- 101
96
1,422
-449
444
-226
21
108
6 49
637
472
203
461
102
1,353
-586
482
-488
75
100
1,626
396
488
-246
88
100
1,521
122
531
-837
75
97
578
366
4 90
-152
856
150
546
117
1,008
-358
24
I 1/71
IS
PRELI MI NARY ES T I MA T E
BASED ON I NC OMPL ET E
NET
TOTAL
AND L I A B I L I T I E S
(LIAB.
-
ASSETS!
T OT A L AS S E T S
CORPORATE B U S I N E S S
SPONSORED C R . A G E N C I E S
COMMERCI AL BANKS
S A VI N GS I N S T I T U T I O N S
L I F E I NSURANCE
P R I V A T E P E NS I ON FUNDS
S . * L . G O V T . RTR. FUNOS
BANKS I N T F R R . A N D POS S .
REST
OF
5
6
7
8
9
THE
WORL D
10
27
28
29
30
31
32
33
34
35
36
I N SUMMARY T ABL E
-747
-1,271
-2,719
-1,488
-1,231
0
-97
428
1
I NSURANCF C L AI MS
L I A B I L I T Y - OTHER I NSURANCE
ASSET: O RP ORA T E BUS I N E S S
NONFARM NONCORP. BU
FARM BUS I N E S S
HOUSEHOLDS
UNAL L OC A T ED A S S E T S
3
4
5
6
7
8
7
NONLI FF
7
1
4
I N F ORMA T I O N .
- 2 , 1 5 3 SOURCES N . E . C .
-2,150
MI SC. F I NA N . L I A B I L I T I E S
-1,562
COMMERCI AL BANKS
12
FLOATS
-1,574
UNAL L OC A T ED
16
BANK A F F I L I A T E S
-228
MONETARY A U T H .
-1,638
SPONSORED A GE N C I F S
1
2
3
4
5
6
7
8
SVGS+LOAN A S SNS .
MUT . S VGS . BANKS
I NSURANCF
A G E N C I E S OF F GN BANKS
BANKS I N T F R R . * POSS.
9
10
11
12
13
516
130
1,416
-1,030
- M I S C . F I N A N C I A L ASSETS
SPONSORED A GE NC I E S
COMMERCI AL BANKS
P R I V A T E NONBANK FI NANCI
14
15
16
17
1,580
305
514
-215
171
97
1,763
-443
537
-315
164
95
18
19
20
?l
22
73
80
526
GROSS S A VI NG
T A X E S PA YA BL E
- P H Y S I C A L I N V F S T MF N T
- G O L D t OF F FGN EXCHANGE
- T R E A S U R Y CURRENCY
-TRADE CREDIT
- D I S C R E P A N C Y T O T A L FOR Al
F I N A N C I A L SECTORS
6 AUGUST 1971
T O T A L C L A I MS
%
T O T A L C L AI MS ‘
22
T OT A L F I N A N C I A L A SSE T S ANO L ! AB It I T I E S
( M I L L I O N S OF D OL t A RS I
I N A O J U S T F O QUA RT E RL Y
19<S7
I
FLOWS
I
I
!!
U N A D J U S T E D OUA RT E RL Y FLOWS
1969
1
?
I
TT
T OT AL
1 96 9
I
FUNOS
3
4
5
6
7
9
9
16,238
5 , 570
1 ,030
9,638
? , 7*0
1 , 059
371
3,993
1,475
70, 894
- 3 , 639
361
74, , 172
9,, ?79
I , ,453
1,, 843
9,, 459
7,, 1 3 9
10
1I
1?
13
1%
15
16
-1,854
-*>03
-1,935
-203
776
201
0
-459
-701
-335
253
305
19
0
3,561
1 , 138
-175
7 82
1,821
-5
0
5,, 2 1 9
1,, 388
983
2,,1 34
5 37
177
0
4,, 2 3 6
866
1 56
580
2,►
415
19
200
17
9,712
13,815
19,799
26, r I 1 3
20 , 9 9 6
7,917
5,870
-135
1,443
739
878
-499
156
1, 539
-318
II
19T0
I
13,885
8,389
-779
7,857
2,868
IV
|
|
1971
I
71, 039
1,580
1,057
18,402
93
1,407
1,502
9,381
6,019
9,364
2,331
1,468
3,507
933
85
1,040
6,899
3,633
3
-127
1 , 1 15
51
2,724
5,750
1,587
776
1,856
500
1
1,035
- 762
1,973
471
-400
592
-6
-2,882
733
1,►498
633
586
2 47
6
- 2 , >237
29,706
20,347
27, 928
23, 951
38 » 4 2 9
F I N A N C I A L SECTORS
-906
2,036
SPONSORED C R. AGE N C I E S
596
-441
SAVI NGS ANO LOAN ASSNS.
-798
-683
1,819
F I N A N C E COMPANI ES
140
I N V E S T ME N T COMPANI ES
395
32
COMMERCI AL BANKS
3 40
3 46
BANK A F F I L I A T E S
-657
*1
F O U A L S — T O T A L FUNDS R A I S E D AND ADVANCED
I N C R E D I T MARKETS
7 0 , 1 3 3 •3 9 , 0 6 6
-754
—3, 503
105
1 ,803
841
12,087
9,098
-313
3,029
273
2,153
797
1,487
1,549
738
325
1 ,100
24
25
26
27
28
9,057
-95
553
1,697
0
19, 758
- 251
1,841
10,432
0
10,862
1,171
520
-1,710
0
24, 408
1,609
2,581
9 , 755
0
6,754
1,012
-496
-4,032
350
30, 121
2,252
1,637
8,170
1,752
5,188
3,525
-1,341
-7,669
2* 883
29
30
31
32
6,902
1, 401
977
-29
7,736
1,384
2,249
372
10,881
1,485
2,801
13
10,463
879
2,559
496
9,920
1,436
3,163
123
16,310
765
3,049
651
33
34
35
36
2,358
174
1.330
544
1,822
375
1,105
901
2,698
5 ?7
1,595
8 94
1,869
536
1,053
1,150
2,357
6 04
1,371
1, 031
37
38
39
40
VI
21
449
-269
-91
37
82
267
-979
170
38
7 94
1,093
-971
-66
18
1,975
356
-569
145
14
6 50
1,080
-1,953
12
46
42
3 65
487
-467
-722
-1,546
-2,00 7
123
1,610
-1,272
-5,183
5,835
-174
-8,825
-2,019
799
3 88
-2,372
8 14
2,744
-798
-9,333
-9,797
-316
-383
1,163
3 3 , 40 1 FI NANCI AL I N S T I T U T I O N S
SPONSORFD C R E D I T AGENC I ES
-1,135
FEDERAL RESERVE S YST EM
1,097
14,919
COMMERCI AL BANKS
BANK A F F I L I A T E S
100
7,790
766
1 ,075
-54
11,825
1,092
2,671
504
13, 473
1,092
3,726
386
14, 654
1,213
3,990
98
16,513
3,266
7,995
16
18,420
2,822
7,700
722
P V T . NONBANK F I N A N C E
MUTUAL S V GS . BANKS
S V G S . ♦ L OAN A S S O C I A T I O N S
C R E O I T UNI ONS
29
30
31
32
2,241
965
1 *157
1,808
2,580
701
1,599
1,351
1,963
690
1,182
2,189
2,209
915
1,623
1,439
2,044
957
2,237
1, 2 45
3,453
9 22
1,596
1,641
1,721
1,207
t , 746
2,300
L I F E I NSURANCE COMPANI ES
OT HER I NSURANCE COMPANI ES
P V T . P E N S I O N FUNOS
S . * L . G O V T . R T R . FUNOS
33
34
35
36
3,355
864
1,244
152
59
-81
4 94
-501
-202
62
1,626
6 00
-957
2 00
65
-399
4 73
1,685
258
66
448
53
2,128
172
69
200
61
-1,928
-780
71
1,507
-2
-935
-441
73
F I N A N C E COMPANI ES
OP E N - E N D I N V E S T ME N T C OS .
S E C U R I T Y BROKERS ♦ DEALERS
A G E N C I E S OF F G N . BANKS
BANKS I N U . S . P OS S E S I ONS
37
38
39
40
41
14
1,972
2,095
2,661
4,234
6,385
7,165
-381
REl ATION
TO T O T A L
FINANCIAL
20, 996
29,706
20,347
27,928
23, 951
38,429
20,133
2
3
-976
213
4 3*
218
4 58
224
158
60
105
46
-19
58
-578
463
-1,055
24
-430
71
-478
64
-628
98
4
5
6
7
8
8,104
3,836
-5,548
9,384
4,268
15,390
10,137
4,223
5,914
5,253
-671
-3,749
-9,347
5,598
3,078
-8,096
10, 136
6 , 879 - 1 1 , 6 3 6
5,547 -1 0 ,8 8 7
-749
1,282
3,307
3,540
4,657
2,313
5,116
-2,803
2,344
-4,278
-5,731
-9,740
4,009
1,453
14,971
10,854
4,414
6,440
4,117
22,867
18,670
2,402
16, 218
4,247
9
10
11
3,903
-28
3,931
5,324
I , 147
4,182
4,333
44
4,289
5,597
1,261
4,336
3,934
138
3,796
6,514
1 ,136
5,378
4,811
57
4,754
7,175
1,745
5,430
5,247
157
5,090
I2
13
14
15
16
430
-1,753
-983
- 997
-184
241
4,375
-6,247
-903
6,710
-2,793
-1,141
2,396
- 681
1,891
2,957
5 , 246
-1,869
-483
o,233
-4,807
2,035
2,299
-1,147
9 , 322
903
7,369
-4,409
-1,038
13,347
-2,929
490
840
-651
5,488
-2,782
2,751
-4,527
-537
4,363
17
18
19
70
71
77
-2,591
-646
-728
-1,076
-141
n
421
357
137
-89
21
0
-1,742
41
— 933
-866
51ft
o
480
329
107
324
-365
0
-7,735
-750
-1,310
-1,885
9 60
750
-337
-760
363
-4
-99
163
-18
410
-401
-613
461
175
-844
-504
171
-765
-224
-72
73
14,883
39,778
72,573
57,623
77,457
56,751
23,995
74
75
76
-73
467
-3,406
-471
1,411
1, 7 4 9
-300
- 1 ,456
-4,067
— 7 ■>5
7, 763
301
-1,709
-?,411
-3,714
765
2,037
1,749
7?
78
79
41
1 14
-1,787
95
763
3,528
61
-52?
-1,164
143
1,383
4 , 877
147
1,138
-1,817
19,477
37,604
30,071
48,886
7 9 , 81 7
(I)
Includes corporate equities.
RE S T
42
OF THE WORLD
16,804
30,511
3,558
23, 138
13,065 -12 ,02 8
15, 586
10,073
13,246
7,373
1
39, 066 T OT A L C R E O I T MARKET D E BT
( FROM P RE C E D I NG T A B L E )
OTHER D E BT FORMS—
F ORE I GN EXCHANGE
186
T REAS URY CURRENCY
143
-
30,
19,
17,
6,
10,
043
102
292
810
941
2
3
DEPOSI TS AT FI NANCI AL INSTS
BANKI NG SYST EM
DEMAND O E P . ♦ CURRENCY
T I ME AND S V G S . D E P O S I T S
SAVI NGS I N S T I T U T I O N S
6,666
218
£*448
8 , 055
1, 855
6 , 200
2,033
3,035
-1,535
4,314
4 27 .
510
-495
-620
-2,047
769
-796
-1.748
1,414
-1,088
6,321
224
4 , 296
- I , 879
9 18
-76
SECURITY CREOIT
T RADE D E B T
P R O F I T T A X E S PA Y A BL E
NONCORP. PROPRI ET ORS*
MI S C E L L A N E OUS
2,233
1,947
170
-249
433
-6*
1,472
7 12
-232
1,948
-518
67
760
1,787
183
-1,711
56
4 50
- 1 , 002
- 1 , 4 07
4 30
-37
55
-43
I N T F R B A N K C L AI MS
MEMBER B K . RESERVES
V A UL T CASH
F EDERAL RESERVE F L O A T
MEM8FR B K . ROPROWI NG
A F F . LOANS T O BANKS
46,977
60, 862
75,674
-96
- I ,754
-4,0*8
— 2 77
7,198
- 1 57
199
-1 ,903
1,594
96
2,492
9 71
35
1 , 679
4,567
0
594
-936
-51
1 ,157
1,857
-17
-480
-7,814
-1 1
-400
-411
4 f t , 4 19
30,735
42, 745
64, 183
72,937
INFORMATION.
4
5
6
7
8
9
I NSURANCE ♦ PE NS I ON RESERVE
10
U . S . GOVERNMENT
11
I NSURANCE SECTOR
6,208
501
5,707
TNrnMPlFTF
24
25
26
27
28
AS S E T S
26, 113
23
GOVERNMENT
1,183
21, 898
225
2,784
3,051
-175
AND T H E I R
nM
7 56 U . S .
. 444
19, 799
9HST0
17
NET A C Q U I S I T I O N S BYS P R I V A T E DOMESTI C
18
-2,256
N O N F I N A N C I A L SECT ORS
19
- 3 , 8 3 8 . HOUSEHOLDS
20
NONFARM NONCORP. B U S I N E S S
105
N O N F I MA N C I A L CORPORATE BUS.
21
802
22
675
S T A T E ♦ L OCAL GOV T S .
33,363
2,401
2, 137
16, 473
-2,302
13,815
FSTT^ATF
10
11
12
13
14
15
16
854
9,712
ORFLT^INAOY
1
2
3
4
5
6
7
8
9
25,619
26,580
1,868
2,086
1,959
2,226
9,485
10, 922
1,225 . - 2 , 8 7 0
1
IS
FUNDS R A I S E O I N C R E D I T MARKETS B Y N D N F I N A N C I A L SECTORS
37, 030
1,623
F FOE RAL GOVERNMFNT
F ORE I GN
1 ,630
33,777
P R I V A T E DOMES T I C
11,369
HOUSEHOLDS
1,949
FARM B U S I N E S S
NONFARM NONCORP. BUS.
2,663
CORPORATE N O N F I N . BUS.
12,908
S T A T E ♦ LOCAL G O V T S .
4,888
37, , 6 9 6
9, , 2 4 3
I , , 1 77
77, , 776
8,, 7 3 2
-3
2,, 375
11,, 4 8 2
4,►
6 90
73
T t /T 1
II
MARKETS ( 1)
24, 213
7,633
567
16, 013
4,970
482
1,800
6,477
2,284
-1,863
243
-247
-2,067
208
C L AI MS
TIT
22,178
-6,400
390
28,188
7,479
1,673
1,766
13,964
3,356
18
19
70
71
72
TTTAL
II
13,448
7,336
480
10,637
412
1,133
344
6,878
1,915
20, 347
16, , 760
796 - 1 2 , 1 7 5
867
1,436
31, 081
1 ,*97
11,179
3, , 17?
I ,639
1, , 309
2,774
1 t, 124
7,, 055
12,866
3,173
7,, 9 3 7
14, 774
-8,095
816
71, 553
5, 83?
1,470
1, 415
9 , 255
3,581
-7,727
-5,757
111
-2,371
740
|
I
? A T S F D AND ADVANCFO TN C & F n t t
1 1 , 56ft
2,507
1.745
7,R14
-379
1,179
345
5,19?
1,479
1
•?
22
EQ.
12
13
14
15
16
17
18
19
20
21
22
23
T O T A L D E 8 T ABOVE
47,936
7 7 , 766
DEDUCT — F L O A T S N T T I NC L UDE D I N A S S E T S
24
DEMAND
D
F
P
O
S
l
T
S
U
.
S
.
G
O
V
T
.
70
-764
25
OTHER
-377
2 , 881
26
819
TRADE
C
R
E
D
I
T
- 4 , 160
DEDUCT — L I A B I L I T I E S N T T A L L O CA T E D AS A SSE T S
27
T RF AS URY CURRENCY
-73
-21
28
T A XE S PAYABL E
614
-164
29
MI
S
C
E
L
L
ANE
OUS
- 7 , 3 96
222
52,702
7 5 , 7 99
T O T A L S A L L O C A T F O T O SECTORS
AS AS S E T S
30
«
I
6 AUGUST 1971
S AVI N G BY
SAVI NG
IN D I V I D U A L S
AMOUNT
AND C OMP OS I T I ON OF I N D I V I D U A L S ’
( MI LI IOMS OF DOLLARS)
SAVI NG
1967
T!
23
t l NAOJ I JSTFO Ol l A ^ T F RI V
1968
!
1
I
II
1
1
196 9
I
1
I
II
1970
11
I
III
IV
I
I
1971
I
1
2
1
4
5
6
7
8
O
13
11
P V T . L I F E I N S . RESERVES
P V T . I NSURE D P E N . RESERVES
P V T . NONI NS UREO P E N. R E S .
G O V T . I N S . ♦ P F N . RESERVES
MI SC. FI NA N C I AL ASSFTS
1?
13
14
15
16
1, 193
777
2,265
1,973
2,208
1,10?
1,405
2,093
1, 896
I , 506
I,,184
796
1,, 8 0 8
4,, 2 6 7
869
33, 670
4,468
7,743
21, 490
-31
36,808
5,609
7,445
24,262
-508
36,000
5,442
7,813
21, 603
I t 142
4 0 , 6 3 6 GROSS I N V . I N T A N G I B L E A S S F T S
5,818
NONFARM HOMFS
8,846
NONCORP B U S . C O N S T R ♦ F Q U I P .
25,629
CONSUMER OURABL F S
*43
INVENTORI ES
17
18
19
20
21
27,887
2,299
5,600
19,988
28, 239
2,319
5,638
2 0 , ?82
28,455
2,341
5,683
20, 431
28, 824
2,408
5,807
20,609
2 9 , 1 2 3 C A P I T A L CONSUMp. ALLOWANCES
2,413
NONFARM HONES
5,892
NONC ORP . BUS . P L A N T ♦ E Q U I P .
20, 818
CONSUMER DURABL ES
22
23
24
25
4,383
2,636
1,221
46
4 80
7,623
1,643
2,433
3,288
259
5,431
2,149
2,105
1,208
-31
8,353
3,268
1,762
3,831
-508
7,176
3,034
2,006
9 94
1,142
1 1 , 5 1 3 NET I N V . I N T A N G I B L E A S S E T S
3,405
NONFARM HOMFS
2,954
NONCORP B U S . C O N S T R . ♦ F Q U I P
4,811
CONSUMER DURABL ES
343
I NVENTORI ES
26
27
28
29
30
17,660
3,779
2,387
4,112
-345
6 45
7,082
542
3,005
1,032
-2,771
-1,346
7 34
-112
11, 249
2,540
2,127
2,844
- t ,040
666
4,112
7,555
3,170
2,640
1,365
218
511
-349
9,628
3,781
2,228
2* 8 95
285
3 58
81
4,583
3,244
1,927
-3,198
567
272
1,771
17,559
5,324
2,959
3,672
6 16
210
4,778
1NCRFASE I N DEBT
MT G . D E BT ON NONFARN HOMES
NONCORP B U S . MT G . D E BT
CONSUMER C R E D I T
SECURITY CREDIT
P O L I C Y LOANS
OTHER D E B T
31
32
33
34
35
36
37
739
15,250
8,766
24, 631
22,797
22,014
16, 985
I NDIVIDUAL
38
11, 309
638
10, 371
- 5 , , 89?
3 24
~4i , 014
85
*600
244
305
- 2 , ,236
14, 556
- 4 , ,424
8, , 420
5,, 324
-52
3,, 627
-11
200
728
1,, 82 I
- 1 1, 0 6 9
11,696
-814
6,051
-782
187
-351
9 29
-825
1,707
537
-2,966
15,863
-3,842
7,164
7,859
-111
4,945
1,103
1,237
976
2,415
-2,706
8,437
221
4,156
-3,774
-99
-3,255
1,430
137
3 97
933
-3,317
11,400
-4,906
2,184
8,345
-227
3,324
2 , ?9 7
529
2,883
1,115
-1,576
12,302
-1 ,059
7,696
-2,491
-48
-4,780
1,?19
- 713
? ,656
500
-1,317
26, 755
4, , 186
10, 456
5, 39?
131
I , 164
I , 349
- 1 , 424
3, 524
582
66
12
13
14
15
16
1,164
608
1,478
653
956
1.►190
642
1,, 3 3 7
2,, 15 5
868
1«, 147
706
li ,460
1,, 0 2 0
903
1,124
736
1,284
2,453
1,644
1,188
729
911
1,106
748
1,215
725
1,658
2,916
1,320
1,205
750
1,508
1,348
975
1, 205
757
1 ,099
4,114
1,071
1, ?02
766
1, 700
I , 579
1, 474
17
18
19
20
21
25, 718
3,726
5,879
15, 560
553
28,920
3,031
7,030
18, 746
113
29,836
5,227
6,010
17,884
715
33, 118
4,406
7,300
21,092
320
32, 333
5,514
6,289
19,753
777
35,867
4,828
7,724
23,120
195
31,773
4,914
6,783
19,596
480
35,510
3,942
8,033
23,276
259
22
?3
24
25
21,077
1,914
4,487
14, 676
21, 458
1,946
4,557
14, 955
23,021
2,037
4,773
16, 211
23,519
2,056
4,845
16,618
25, 268
2,150
5,159
17,959
25,905
2,186
5,284
18,435
27,390
2,278
5,562
19,550
26
27
28
29
30
4, 6 41
1,812
1,392
884
553
7,462
1,085
2,473
3,791
113
6,815
3,190
1,237
1,673
715
9,599
2,350
2,455
4,474
320
7,065
3,364
1,130
1,794
777
9,962
2,642
2,440
4,685
195
31
32
33
34
35
36
37
1,456
1,996
1,028
-2,312
89
291
3 64
11, 972
1,519
2,130
2,110
790
287
5,128
2,501
3,982
978
-1,151
-1,031
287
-564
16,736
3,151
2,104
3,639
1,742
371
5,729
4,960
4,348
1,206
-1,241
-1,126
4 08
1,365
38
16,347
6,799
18, 870
4,559
17,968
( 11 COMBI NED S T A T E ME N T FOR HOUSEHOL DS,
P R E L I M I N A R Y E S T I M A T E BASED ON I N C OMPL E T E I N F ORMA T I O N .
N r ? . I N F I N A N C T M AS SE T S
CIJOR . AND DFMAND D E P O S I T S
S AVI NGS ACCOUNTS
SECURITIES
U . S . S AVI NGS RONDS
" T H F R U . S . T REAS URY S E C .
U . S . G AGENCY S E C U R I T I F S
S T A T E ♦ LOCAL O B L I G A T I O N S
C ORP. AND F ORE I GN BONDS
I N V E S T ME N T C O. SHARFS
OTHFR CORPORATE STOCK
23, 031
349
17, , 1 8 0
- 3 , ,431
435
- 3 , , 281
246
- 2 , ,055
2,, 823
32
- I t , 631
13, 162
-1,067
9 , 289
81
207
-174
195
-296
775
776
-1,402
IS
IT
1 0 , 4?1
? 4 , 07?
-4,701
6,590
76, 312
I 1, 000
- ? , 84? - 1 0 , ?7?
4 25
485
-3,094
-7,626
-657
-3,75?
-65«
I 26
3,447
3, 116
305
247
-2,20 5 -2,563
1
2
3
4
5
6
7
8
9
10
11
11/71
I MDTVTDMAf S
(II
»NAD J U S T E D OUA RT F RL Y FLOWS
I
p.Y
FARM,
AND
N ONFARM
S A V I N G ! 1*26-311
NONCORPORATE B U S I N E S S -
@FedFRASER