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DEC 1 5 1980 FLOW OF FUNDS ACCOUNTS 1949-1978 DECEMBER 1979 ANNUAL TOTAL FLOWS & YEAR-END ASSETS AND LIABILITIES BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM FLOW OF FUNDS ACCOUNTS 1949-1978 DECEMBER 1979 ANNUAL TOTAL FLOWS & YEAR-END ASSETS AND LIABILITIES BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM TABLE OF CONTENTS Page Out standings Flows Summary Tables 90 1 4 93 7 Income and Product Distribution Funds Raised in Credit Markets Nonfinancial Sectors Financial Sectors All Sectors Credit Market Supply of Funds Direct and Indirect Sources of Funds to Credit Markets Corporate Equities Not Included Above Sector Tables 96 10 99 13 102 105 16 19 108 22 111 25 114 28 117 31 Households Households, Personal Trusts, and Nonprofit Organizations Total + Noncorp Business Nonfinancial Business -~ Total Farm Business Nonfarm Noncorporate Business Nonfinancial Corporate Business State+Local Governments and Foreign State and Local Governments -- General Funds Rest of the World U.S. Government -I- Credit Agencies U.S. Government Federally sponsored Credit Agencies and Mortgage Pools Banking System Monetary Authority Commercial Banking Commercial Banking Subsectors U.S.-Chartered Commercial Banks Domestic Affiliates of Commercial Banks Foreign Banking Offices in U.S. Banks in U.S. Possessions Nonbank Finance Summary Private Nonbank Financial Institutions -- Total Savings Institutions Combined ii Page Outstandings Flows 120 34 123 37 126 40 Savings Institutions Savings and Loan Associations Mutual Savings Banks Credit Unions Insurance + Pension Funds Life Insurance Companies Private Pension Funds State + Local Government Employee Retirement Funds Other Insurance Companies Finance N.E.C. Finance Companies Real Estate Investment Trusts Open-End Investment Companies Money Market Funds Security Brokers and Dealers Transaction Tables 129 43 132 46 135 49 141 52 144 55 Monetary and Insurance Reserves Gold and Official Exchange Holdings Treasury Currency and SDR Certificates Insurance and Pension Fund Reserves Net Interbank Claims Money and Deposits Summary Demand Deposits and Currency Time Deposits and Savings Accounts Money Market Mutual Fund Shares Federal Funds and Security Repurchase Agreements U.S. Government Securities Total Net Issues, By Sector and Type Total Net Purchases, By Sector and Type Private Securities State and Local Government Securities Corporate and Foreign Bonds Corporate Equities Mortgages - I Total Mortgages Home Mortgages iii Page Outtandings Flows 147 58 150 61 153 64 156 67 159 162 165 70 73 76 168 79 82 87 Mortgages - II Multi-Family Residential Mortgages Commercial Mortgages Farm Mortgages Consumer Credit and Bank Loans N.E.C. Consumer Credit Bank Loans Not Elsewhere Classified Other Loans Open-Market Paper Other Loans Security Credit, Trade Credit, and Taxes Security Credit Trade Credit Profit Taxes Payable Proprietors' Equity in Noncorporate Business Miscellaneous - I Miscellaneous - II Total Claims Total Funds Raised and Advanced in Credit Markets Total Claims and Their Relation to Total Financial Assets Saving By Individuals Discrepancies Sector Discrepancies Transaction Discrepancies Money Stock Relationship Total Money Stock Demand Deposits Currency Derivation of F/F Bank Deposits Matrix Tables vi 88 89 Page 171 Summary of Flow of Funds Accounts for the Year 1978 Financial Assets and Liabilities, December 31, 1978 Financial Assets and Liabilities, December 31, 1978 —Continued Appendix Personal Trusts and Estates Managed by Insured Commercial Banks - IV Flow of Funds Accounts, 1949-78 This is a statistical publication that presents the complete set of flow of funds accounts in annual form—year-total flows and yearend outstanding amounts of assets and liabilities. It complements the current quarterly releases as a historical base book and summarizes the full quarterly history that is published as a whole only in computer data tape form. The contents of the tables are described, defined, and discussed in a separate publication, Introduction to Flow of Funds Accounts, that is available for purchase. Derivation procedures are in another publi cation that may be requested. In the full set of data that is on computer tapes the earliest annual data are for 1946 in flows and 1945 for outstandings. The years before 1949 have been omitted from this publication but are available and can be printed on request if needed. Quarterly estimates reflected in the tables begin with the year 1952. Organization. On page vi is a matrix presentation of the flow structure of flow of funds accounts for one period, the year 1978. The Introduction describes this structure and its relation to the tables that follow, but a brief summary may help here. Each double column of the matrix gives for the year the transactions of an economic group-sector--such as households, listing net acquisitions of assets under "U" (uses) and saving and net borrowing under "S" (sources). In the pages that follow, after three summary tables on income and product and on credit market flows, there are tables for each of the sectors in the matrix giving time-series forms of the transactions in the matrix with added detail on both transactions and on sector groups. The sector tables are followed by a set of transaction or market summary tables that present each of the matrix rows for financial transactions, showing who lent money and who borrowed money in each type of claim. Nonfinancial transactions in the matrix--saving and physical investment--are summarized in the table on page 1 in their relation to income and product accounts published by the Department of Commerce. The set of flow tables is followed by tables of outstanding financial assets and liabilities in the same sequence. These are preceded by a matrix structure of outstandings on pp. 88-89 that parallels the flow structure in financial claims. The organization of tables is outlined in the table of contents. Statistical basis. This version of flow of funds accounts includes income and product accounts as published by the Commerce Department in July 1979 and financial claims as published in the quarterly flow of V funds tables for II/79. The publication supercedes all earlier sets of flow of funds data, in particular the last preceding annual volume, Flow of Funds Accounts, 1946-1975 (December 1976). These tables cumulate the changes in account structure and estimates that have been introduced during annual revision operations since 1976 and present them for the first time for the earlier years covered. The annual revision process is an occasion each year for incorporating new information and new methods that can improve the accuracy of the estimates and that can adapt the presenta tion to current concerns in financial analysis. It is important, therefore, in relating these tables to later flow of funds publications, to be aware of changes in structure definitions and estimates that may be introduced in later annual revisions. Such changes usually appear in quarterly flow publications for the second quarter of each year and are described in the prefaces to those publications. Data availability. At present an up-to-date set of data consists of these tables together with quarterly publications beginning November 1979 and computer tapes written after November 1979. The quarterly data are published approximately six weeks after the close of each quarter and usually cover the most recent six or seven quarters. They are available on request, and a mailing list is maintained for continuing distribution. For longer spans of quarterly information, computer data tapes can be written providing a complete set of all available flow of funds tables. Alternatively, full quarterly tables can be printed on request for data of particular interest to a user, provided the request is restricted to a limited number of tables only. Address all requests for further information to the Flow of Funds and Savings Section, Room B-3125, Division of Research and Statistics, Board of Governors of the Federal Reserve System, Washington, D. C. 20551. Telephone: (202) 452-3483. Summary of Flow of Funds Accounts for the Year 1978 Billions of dollars Private domestic nonfinancial sectors Sector Transaction category Households U Gross saving.......................................... 2 Capital consumption........................ 3 Net savine (1 -21................................. 5 Private capital expenditures............... 6 Consumer durables........................... 7 Residential construction.................. 8 Plant and equipment........................ 9 Inventory change.............................. 10 Mineral rights.................................... 11 Net financial investment (12-13). . . S State and local governments Business U S U S .5 174.1 249.9 81.9 -75.7 .5 248.3 84.6 25.1 . 16.3 209.3 22.3 2.0 . 160.4 166.4 U U.S. government Total U S S L 23.5 -34.9 23.5 -34.9 15.0 .5 .7 5.4 8.4 358.0 55.7 . 28.9 . 400.8 46.7 13.3 141.2 199.6 351.4 105.2 44.1 61.1 23 24 Fed funds and security RPs............ Money market fund shares............... 6.9 7.5 6.9 25 26 27 Life insurance reserves..................... Pension fund reserves........................ Net interbank claims........................ 12.0 65.8 12.0 65.8 28 Corporate equities........................... -6.2 29 30 31 32 33 34 35 36 37 38 Credit market instruments............... U.S. Treasury securities............... Federal agency securities............... State and local govt, securities. . . Corporate and foreign bonds . . . Mortgages....................................... Consumer credit.............................. Bank loans n.e.c............................... Open-market paper........................ Other loans.................................... 58.0 17.3 9.7 3.3 -1.4 14.5 39 Security credit.................................... 1.4 40 41 Trade credit....................................... Taxes payable.................................... 42 43 Equity in noncorporate business . . Miscellaneous.................................... -20.8 7.6 44 Sector discrepancies (1-4).................. -41.8 43.0 .2 115.2 54.1 61.1 -.2 . -.2 . 1.1 1.1 . . -2.6 . 2.6 104.8 50.6 3.4 -1.2 -7.1 .7 .2 3.2 20.1 43.3 23.6 14.6 9.8 2.8 1.0 . . 1.0 . 25.1 3.2 1.7 14.6 125.6 3.8 33.9* 5.2 19.9 1.4 1.1 54.9 18.1 21.4 45.5 3.4 1.0 1.6 . -20.8 4.0 7.0 . 2.6 2.4 -.5 311.8 37.7 28.2 32.8 . .1 .1 . . 28.3 20.1 148.2 50.6 37.3 5.2 22.2 1.6 -.4 -.1 4.0 18.3 6.6 3.9 7.9 1.4 0 0 54.9 1.6 47.9 3.4 3.4 -.3 -20.8 25.7 -20.8 5.0 4.7 10.8 7.7 53.7 55.1 -1.3 20.4 . 1.4 -13.3 4.0 10.8 . 13.0 2.7 3.5 . 2.4 28.2 24.8 -.2 3.7 7.8 9.7 -2.0 124.2 65.0 59.2 4.0 20.9 6.9 1.7 4.2 -.3 1.7 6.3 9.3 .1 -3.1 ' 7.6 1.7 79.8 -1.1 -1.0 .3 .3 1.4 3.6 41.4 44.6 .5 .1 7.5 .9 30.6 2.8 14.6 12.5 -1.2 14.6 41.4 41.4 5.9 7.0 7.7 -.4 o -.4 5.9 -2.3 .5 0 .5 124.2 65.0 11.5 6.9 20.9 6.9 11.7 58.9 12.0 65.8 14.9 12.0 65.8 15.6 478.0 55.1 40.1 28.3 31.6 149.0 50.6 58.4 26.4 38.6 478.0 55.1 40.1 28.3 31.6 149.0 50.6 58.4 26.4 38.6 1.4 62.3 5.2 50.0 5.2 19.9 -20.8 49.6 -20.8 52.6 * 1.1 7.5 .5 6.9 168.1 5.2 12.3 14.2 31.6 68.3 20.4 31.5 -6.3 124.2 65.0 .2 6.7 11.9 7.3 .9 5.1 10.9 2.8 7.9 12.5 1.8 -1.0 8.2 3.5 -.7 -.3 59.2 128.7 -6.5 7.0 9.6 -.3 35.0 26.9 58.4 -1.3 9.1 28.2 24.8 -.2 3.7 2.1 6.9 .3 .5 28.9 25.1 -.2 4.0 2.6 o 4.8 .2 .5 59.2 -2.9 .6 .2 .6 7.8 9.7 -2.0 9.7 539.0 551.8 200.3 108.0 221.1 22.3 43.0 55.7 65.0 65.0 1.3 37.1 -3.1 -3.3 2.3 2.3 1.3 18.5 551.6 551.8 200.3 108.0 221.1 22.3 22.0 15.5 .3 6.8 18.8 524.9 359.7 165.2 548.5 359.7 188.7 191.2 135.8 1.7 -.3 . 9.8 1.4 12.6 * * 11.7 58.9 15.6 348.4 6.9 19.1 23.8 31.3 133.9 47.3 58.4 2.2 25.5 . .7 9.6 4.2 1.6 .6 2.6 2.6 9.5 71.4 20.0 13.3 4.5 -1.4 15.5 3.2 -1.6 . . -6.2 16.3 1.4 4.0 46.2 1.6 .6 .3 6.9 5.4 162.6 385.7 63.5 National saving and investment VI Time and savings accounts............... At commercial banks..................... At savings institutions.................. .5 -.3 5.9 22.5 22.5 . .7 13.3 3.3 10.0 . 20 21 22 2.0 .7 . 18.2 18.2 5.5 1.0 Discrepancy S U 3.4 2.7 .7 -2.0 Demand deposits and currency . . . Private domestic.............................. Foreign............................................. U.S. government........................... . . S U .7 -34.7 16 17 18 19 8.1 8.1 S 1.0 . 20.7 5.6 . .5 2.0 2.0 U S 12.7 -36.6 -2.0 . 1.2 . . U 18.4 6.0 12.4 AU sectors Private nonbank finance Commercial banking 6.7 24.6 -1.1 -1.1 Monetary authority 12.7 Gold and official foreign exchange . Treasury currency.............................. 5.4 5.4 S Sponsored agency and mtg. pools 554.8 548.1 200.3 108.3 215.2 22.3 2.0 14 15 U S 541.5 353.7 187.7 7.6 380.1 298.2 200.3 92.0 5.9 13 Financial sources................................. Total 7.6 195.6 172.7 22.9 338.3 181.0 157.3 Financial sectors Rest of the world 3.0 -3.1 OCTOBER 1979 INCOME AND PRODUCT DISTRIBUTION INCOME AND PRODUCT DISTRIBUTION INCOME AND PRODUCT ACCOUNTS: GNP EXPENDITURES AND GROSS SAVING ANNUAL FLOWS, 1949-58 ANNUAL FLOWS, 1949-58 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1 258.023 286.172 330.183 347.178 366.129 366.306 399.266 420.691 442.755 448.881 TOTAL GNP 1 2 3 4 5 6 216.527 178.135 25.047 17.982 20.410 230.459 191.966 30.754 19.769 18.724 267.165 207.066 29.814 21.777 38.322 292.675 217.093 29.148 23.217 52.365 312.189 229.665 32.499 24.994 57.530 311.601 235.841 31.840 27.827 47.933 328.671 253.665 38.621 30.551 44.455 345.399 266.007 37.887 33.490 45.902 367.495 280.409 39.334 37.122 49.964 384.501 289.461 36.846 41.136 53.904 CURRENT OUTLAYS HOUSEHOLDS OF WHICH CONSUMER DURABLES STATE + LOCAL GOVERNMENT U. S. GOVERNMENT 2 3 4 5 6 7 35.277 53.815 59.180 52.109 53.349 52.715 68.377 71.022 69.188 61.916 8 9 10 11 12 13 38.352 14.069 97 11.831 11.148 837 47.026 19.889 121 16.561 14.783 785 48.884 17.744 134 15.814 15.158 816 48.976 17.774 215 16.269 14.945 767 52.902 18.601 217 16.854 16.188 765 54.258 20.280 227 18.351 16.827 711 62.424 24.107 356 22.076 21.082 634 66.327 22.607 524 20.354 20.226 700 67.853 21.179 545 18.477 18.091 681 63.407 21.788 500 18.511 17.481 650 14 15 16 -154 -77 -77 993 497 496 -160 -80 -80 557 278 279 -99 -49 -50 813 407 406 360 180 180 -572 -286 -286 -295 -148 -147 380 191 189 17 18 19 20 21 2. 141 0 1.630 511 0 3.207 0 2.328 879 0 1.796 0 1.319 477 0 1.290 0 772 518 0 1.530 0 750 780 0 1.702 0 886 816 0 1.675 0 787 888 0 1.729 0 638 1.091 0 2.157 0 1.018 1.139 0 2.777 0 1.358 1.419 0 22 23 24 25 26 27 24.283 1.012 3.656 3.612 357 15.646 27.137 1.234 3.674 4.480 394 17.355 31.140 1.383 3.738 4.704 431 20.884 31.202 1.292 3.436 4.428 556 21.490 34.301 1.390 3.655 4.935 432 23.889 33.978 1.685 3. 190 4.905 653 23.545 38.317 1.726 3.246 5.917 747 26.681 43.720 1.990 2.997 6.552 752 31.429 46.674 2.212 3.143 6.871 863 33.585 41.619 2.383 3.698 5.816 866 28.856 28 29 30 31 32 -3.075 -866 -2.209 -488 -1.721 6.789 789 6.000 1. 177 4.823 10.296 1.239 9.057 505 8.552 3.133 987 2.146 -85 2.231 447 -621 1.068 256 812 -1.543 586 -2.129 -202 -1.927 5.953 467 5.486 559 4.927 4.695 -380 5.075 191 4.884 1.335 534 801 219 582 -1.491 848 -2.339 198 -2.537 33 34 35 6.219 15.859 9.640 1.898 13.914 12.016 3.838 18.932 15.094 2.394 18.204 15.810 591 17.145 16.554 1.990 18.001 16.011 2.218 20.045 17.827 4.270 23.860 19.590 6.072 26.724 20.652 2.464 23.286 20.822 36 37 38 187.129 6. 740 3.601 205.511 10.838 5.273 224.756 14.796 6.583 236.377 16.017 6.776 250.677 16.977 6.772 255.673 15.557 6.084 273.413 14.900 5.449 291.252 19.662 6.750 306.915 20.563 6.699 39 40 -2.638 -725 9.208 -1.205 6.508 -442 -3.735 -47 -7.076 143 -6.034 -1.112 4.417 -1.274 6.067 -875 2.282 -1.359 41 42 43 44 45 28.913 121 832 3. 135 24.825 42.600 175 984 3. 149 38.292 43.883 149 1. 162 3.581 38.991 38.856 65 1.099 4.002 33.690 40.536 40 1.135 4.514 34.847 38.140 73 1.422 4.634 32.011 48.434 46 1.579 4.813 41.996 48.623 49 1.813 4.993 41.768 46.940 42 1.886 5.243 39.769 CORPORATE PROFITS, TAXES + DIVIDENDS: 41.104 PROFITS - TOTAL 66 FARMS 1.734 FOREIGN FINANCIAL CORPORATIONS 5.654 33.650 NONFIN. CORPORATE BUSINESS 41 42 43 44 45 46 47 48 49 10.203 50 873 9.280 17.925 88 1.051 16.786 22.559 88 1.329 21.142 19.399 54 1.594 17.751 20.287 52 1.805 18.430 17.624 45 1.976 15.603 22.041 48 1.818 20.175 21.993 50 1.937 20.006 21.423 42 2.327 19.054 18.964 55 2.781 16.128 TAX ACCRUALS - TOTAL FARMS FINANCIAL CORPORATIONS NONFIN. CORPORATE BUSINESS 46 47 48 49 50 51 52 53 54 7.210 45 305 426 6.434 8.803 50 437 421 7.895 8.520 60 393 318 7.749 8.493 40 302 360 7.791 8.795 33 343 460 7.959 9.149 31 483 420 8.215 10.311 30 509 397 9.375 11.085 28 595 355 10.107 11.514 33 63 4 480 10.367 11.304 36 702 400 10.166 DIVIDENDS - TOTAL FARMS NET FOREIGN FINANCIAL CORPORATIONS NONFIN. CORPORATE BUSINESS 50 51 52 53 54 55 56 57 58 59 11.500 26 527 1.836 9. Ill 15.872 37 547 1.677 13.611 12.804 1 769 1.934 10.100 10.964 -29 797 2.048 8.148 11.454 -45 792 2.249 8.458 11.367 -3 939 2.238 8.193 16.082 -32 1.070 2.598 12.446 15.545 -29 1.218 2.701 11.655 14.003 -33 1.252 2.436 10.348 10.836 -25 1.032 2.473 7.356 UNDIST. PROFITS - TOTAL FARMS FOREIGN BRANCH PROFITS FINANCIAL CORPORATIONS NONFIN. CORPORATE BUSINESS 55 56 57 58 59 60 61 62 63 -3.839 -4 -64 -3.771 -3.974 -6 -64 -3.904 -4.588 -3 -68 -4.517 -4.457 -2 -68 -4.387 -4.067 -13 -57 -3.997 -3.196 -22 -3 8 -3.136 -2.099 -17 -9 -2.073 -3.006 -32 -23 -2.951 -3.336 -36 -19 -3.281 -3.367 -32 15 -3.350 CAP. CONS. ADJUST. - TOTAL FARMS FINANCIAL CORPORATIONS NONFIN. CORPORATE BUSINESS 60 61 62 63 64 65 66 67 68 69 70 71 72 21.972 2.835 389 2.183 4. 754 11.811 203 37 11.571 23.853 3.100 414 2.468 5.070 12.801 223 43 12.535 27.573 3.552 501 2.909 5.743 14.868 261 49 14.558 29.619 3.864 540 3.087 6.163 15.965 285 56 15.624 31.629 4.108 574 3.192 6.491 17.264 309 69 16.886 33.121 4.363 596 3.296 6.686 18.180 327 81 17.772 35.302 4.774 642 3.391 6.958 19.537 350 91 19.096 38.871 5.145 733 3.415 7.635 21.943 407 104 21.432 42.001 5.455 806 3.576 7.975 24.189 454 115 23.620 44.079 5.906 835 3.660 8.258 25.420 475 130 24.815 64 65 66 67 68 69 70 71 72 73 74 14.179 36.151 15.809 39.662 18.522 46.095 20.735 50.354 23.051 54.680 24.927 58.048 26.682 61.984 29.185 68.056 31.784 73.785 33.490 77.569 TOTAL CAPITAL CONSUMPTION OWNER-OCCUPIED HOMES (HH) NONPROFIT INSTITUTIONS (HH) FARM NONCORPORATE NONFARM NONCORP. BUSINESS TOTAL CORPORATE FINANCIAL BUSINESS CORPORATE FARMS NONFIN. CORPORATE BUSINESS MEMO: CAP. CONS. ON CONSUMER DURABLES NOT INCLUDED ABOVE TOT. CAP. CONS. INCL. DURABLES 73 74 75 1. 039 2.030 3.997 2.659 3.347 3.017 2.456 -793 176 1 .665 STATISTICAL DISCREPANCY 75 76 77 35.288 8.999 42.077 9.106 51.407 11.400 49.925 12.585 50.046 12.395 46.208 11.279 45.507 11.458 45.231 11.982 45.639 12.132 46.136 11.728 PROFIT TAX RATE (2) PERSONAL TAX RATE (?) 76 77 MILLIONS OF DOLLARS GROSS DOMESTIC INVESTMENT PRIVATE FIXED INVESTMENT RESIDENTIAL CONSTRUCTION MOBILE HOMES 1-4 FAMILY STRUCTURES HOUSEHOLD PURCHASES FARM CHANGE IN WORK IN PROCESS ON NONFARM NONCORPORATE CORPORATE MULTI-FAMILY UNITS HOUSEHOLDS NONCORPORATE BUSINESS NONFIN. CORP. BUSINESS REITS NONRES. PLANT + EQUIPMENT NONPROFIT INST. (HH) FARM NONFARM NONCORP. BUS. FINANCIAL CORPORATIONS NONFIN. CORP. BUSINESS INVENTORIES FARM NONFARM NONCORPORATE CORPORATE 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 NET EXPORTS EXPORTS IMPORTS 33 34 35 317.131 21.687 6.838 DISPOSABLE PERSONAL INCOME PERSONAL SAVING SAVING RATE (PER CENT) 36 37 38 -10.271 -2.354 FEDERAL GOVERNMENT SURPLUS ST.+LOC. GOVERNMENT SURPLUS 39 40 OCTOBER 1979 INCOME ANO PRODUCT DISTRIBUTION 2 INCOME AND PRODUCT DISTRIBUTION INCOME AND PRODUCT ACCOUNTS: GNP EXPENDITURES AND GROSS SAVING ANNUAL FLOWS, ANNUAL FLOWS, 1959-68 1959-68 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1 TOTAL GNP 486.465 505.978 523.292 563.817 594.738 635.743 688.110 752.996 796.312 868.465 1 2 CURRENT OUTLAYS 3 HOUSEHOLDS 4 OF WHICH CONSUMER DURABLES STATE + LOCAL GOVERNMENT 5 6 U. S. GOVERNMENT 408.354 310.768 42.436 43.696 53.890 425.162 324.903 43.109 46.548 53.711 443.151 334.995 41.573 50.786 57.370 473.251 355.217 46.703 54.296 63.738 498.239 374.578 51.432 59.030 64.631 530.191 400.381 56.320 64.592 65.218 568.504 430.154 62.786 71.082 67.268 623.459 464.793 67.663 79.833 78.833 670.546 490.358 69.646 89.264 90.924 734.659 535.932 79.995 100.708 98.019 2 3 4 5 6 77.552 76.444 74.335 85.188 90.204 96.604 112.015 124.477 120.829 131.526 7 72.325 27.028 542 22.670 21.749 674 72.685 24.982 512 20.532 20.568 584 72.143 25.047 498 19.591 18.595 703 78.683 27.435 548 20.252 19.643 645 84.241 30.645 622 21.503 20.455 655 90.806 31.151 831 21.561 21.166 672 102.496 31.244 998 21.698 20.901 608 110.157 28.740 1.056 19.824 20.124 673 110.730 28.647 1.180 20.239 18.420 697 123.821 34.549 1.674 22.959 22.059 628 8 9 10 11 12 13 247 123 124 -620 -310 -310 293 147 146 -36 -18 -18 393 196 197 -277 -139 -138 189 95 94 -973 -486 -487 1.122 561 561 272 136 136 14 15 16 3.816 0 2.006 1.810 0 3.938 0 2.184 1.754 0 4.958 0 2.876 2.082 0 6.635 0 4.200 2.435 0 8.520 0 5.702 2.818 0 8.759 0 5.762 2.997 0 8.548 0 5.530 3.018 0 7.860 200 4.659 3.001 0 7.228 500 4.013 2.715 0 9.916 1.000 5.892 2.906 118 17 18 19 20 21 45.297 2.437 4.021 6.550 1.023 31.266 47.703 2.647 3.426 7.001 807 33.822 47.096 2.828 3.490 6.722 1.028 33.028 51.248 3.221 3.907 6.783 982 36.355 53.596 3.281 4.332 7.150 1.346 37.487 59.655 3.477 4.535 7.945 1.285 42.413 71.252 3.948 4.963 9.447 1.305 51.589 81.417 4.161 5.458 10.306 1.530 59.962 82.083 4.055 5.929 9.622 1.595 60.882 89.272 4.224 5.471 11.391 2.273 65.913 22 23 24 25 26 27 5.227 -86 5.313 1.015 4.298 3.759 288 3.471 779 2.692 2.192 274 1.918 -22 1.940 6.505 73 9 5.766 788 4.978 5.963 791 5.172 741 4.431 5.798 -590 6.388 981 5.407 9.519 1 .021 8.498 1.225 7.273 14.320 -160 14.480 1.275 13.205 10.099 735 9.364 564 8.800 7.705 104 7.601 736 6.865 28 29 30 31 32 559 23.725 23.166 4.372 27.595 23.223 5.806 28.882 23.076 5.378 30.607 25.229 6.295 32.709 26.414 8.948 37.393 28.445 7.591 39.548 31.957 5.060 42.773 37.713 4.937 45.561 40.624 2.280 49.933 47.653 33 34 35 336.117 18.810 5.596 349.370 17.066 4.884 362.901 20.171 5.558 383.881 20.395 5.312 402.765 18.794 4.666 437.033 26.132 5.979 472.157 30.276 6.412 510.398 33.000 6.465 544.548 40.869 7.505 588.138 38.071 6.473 36 37 38 -1.138 -443 3.035 60 -3.886 -368 -4.247 463 256 461 -3.269 998 530 -4 -1.789 502 -13.180 -1.057 -5.824 331 39 40 CORPORATE PROFITS, TAXES + DIVIDENDS: 51.613 PROFITS - TOTAL 32 FARMS 1.809 FOREIGN 6.753 FINANCIAL CORPORATIONS 43.019 NONFIN. CORPORATE BUSINESS 48.540 56 1.909 7.180 39.395 48.586 66 2.343 7.047 39.130 53.571 86 2.620 7.259 43.606 57.706 38 2.622 6.790 48.256 64.709 76 3.141 6.926 54.566 75.209 161 3.270 7.540 64.238 80.744 163 2.758 8.482 69.341 77.330 70 3.016 8.956 65.288 85.568 136 3.230 10.421 71.781 41 42 43 44 45 7 GROSS DOMESTIC INVESTMENT 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 PRIVATE FIXED INVESTMENT RESIDENTIAL CONSTRUCTION MOBILE HOMES 1-4 FAMILY STRUCTURES HOUSEHOLD PURCHASES FARM CHANGE IN WORK IN PROCESS ON NONFARM NONCORPORATE CORPORATE MULTI-FAMILY UNITS HOUSEHOLDS NONCORPORATE BUSINESS NONFIN. CORP. BUSINESS REITS NONRES. PLANT + EQUIPMENT NONPROFIT INST. (HH) FARM NONFARM NONCORP. BUS. FINANCIAL CORPORATIONS NONFIN. CORP. BUSINESS INVENTORIES FARM NONFARM NONCORPORATE CORPORATE 33 NET EXPORTS 34 EXPORTS 35 IMPORTS 36 DISPOSABLE PERSONAL INCOME 37 PERSONAL SAVING 38 SAVING RATE (PER CENT) 39 FEDERAL GOVERNMENT SURPLUS 40 ST.+LOC. GOVERNMENT SURPLUS 41 42 43 44 45 46 47 48 49 TAX ACCRUALS - TOTAL FARMS FINANCIAL CORPORATIONS NONFIN. CORPORATE BUSINESS 23.646 45 2.909 20.692 22.696 48 3.498 19.150 22.781 62 3.328 19.391 23.972 54 3.340 20.578 26.231 65 3.453 22.713 27.985 70 4.028 23.887 30.876 80 3.688 27.108 33.658 74 4.167 29.417 32.480 53 4.789 27.638 39.408 76 5.790 33.542 46 47 48 49 50 51 52 53 54 DIVIDENDS - TOTAL FARMS NET FOREIGN FINANCIAL CORPORATIONS NONFIN. CORPORATE BUSINESS 12.171 13 831 515 10.812 12.890 42 841 528 11.479 13.347 39 1.070 570 11.668 14.410 50 1.120 579 12.661 15.504 121 1.000 428 13.955 17.325 45 1.338 680 15.262 19.120 67 1.505 401 17.147 19.439 55 1.312 11 18.061 20.103 46 1.442 -229 18.844 21.943 52 1.409 -206 20.688 50 51 52 53 54 55 56 57 58 59 UNDIST. PROFITS - TOTAL FARMS FOREIGN BRANCH PROFITS FINANCIAL CORPORATIONS NONFIN. CORPORATE BUSINESS 15.796 -26 978 3.329 11 .515 12.954 -34 1.068 3.154 8.766 12.458 -35 1.273 3.149 8.071 15.189 -18 1.500 3.340 10.367 15.971 -148 1.622 2.909 11.588 19.399 -39 1.803 2.218 15.417 25.213 14 1.765 3.451 19.983 27.647 34 1.446 4.304 21.863 24.747 -29 1.574 4.396 18.806 24.217 8 1.821 4.837 17.551 55 56 57 58 59 60 61 62 63 CAP. CONS. ADJUST. - TOTAL FARMS FINANCIAL CORPORATIONS NONFIN. CORPORATE BUSINESS -2.916 -40 13 -2.889 -2.287 -32 44 -2.299 -1.775 -29 63 -1.809 1.153 -22 114 1.061 2.053 -13 149 1.917 2.823 -20 221 2.622 3.752 -23 183 3.592 3.892 -12 114 3.790 3.675 1 53 3.621 3.672 -47 26 3.693 60 61 62 63 64 TOTAL CAPITAL CONSUMPTION OWNER-OCCUPIED HOMES (HH) 65 NONPROFIT INSTITUTIONS (HH) 66 FARM NONCORPORATE 67 NONFARM NONCORP. BUSINESS 68 69 TOTAL CORPORATE FINANCIAL BUSINESS 70 CORPORATE FARMS 71 NONFIN. CORPORATE BUSINESS 72 MEMO: CAP. CONS. ON CONSUMER DURABLES NOT INCLUDED ABOVE 73 74 TOT. CAP. CONS. INCL. DURABLES 46.109 6.403 884 3.871 8.416 26.535 512 145 25.878 47.712 6.788 937 3.937 8.512 27.538 551 154 26.833 49.062 7.084 1.000 3.968 8.620 28.390 571 166 27.653 50.503 7.383 1.070 4.079 8.681 29.290 593 179 28.518 52.237 7.695 1.163 4.209 8.782 30.388 630 194 29.564 54.553 8.112 1.250 4.375 9.073 31.743 707 210 30.826 57.483 8.457 1.362 4.555 9.450 33.659 812 229 32.618 61.734 8.790 1.504 4.809 9.917 36.714 968 249 35.497 67.015 9.206 1.665 5.165 10.534 40.445 1.162 274 39.009 73.783 10.478 1.808 5.543 11.538 44.416 1.388 302 42.726 64 65 66 67 68 69 70 71 72 35.495 81.604 36.459 84.171 37.475 86.537 38.471 88.974 39.624 91.861 41.243 95.796 42.541 100.024 44.874 106.608 48.711 115.726 53.744 127.527 73 74 75 STATISTICAL DISCREPANCY 76 PROFIT TAX RATE (?) 77 PERSONAL TAX RATE (?) MILLIONS OF DOLLARS -220 -683 1.597 4.005 3.737 2.237 891 3.183 1.736 -632 75 45.814 12.033 46.757 12.597 46.887 12.547 44.748 12.896 45.456 13.025 43.247 11.826 41.053 12.080 41.684 12.733 42.001 13.098 46.054 14.168 76 77 OCTOBER 1979 INCOME AND PRODUCT DISTRIBUTION INCOME AND PRODUCT DISTRIBUTION 3 INCOME AND PRODUCT ACCOUNTS: GNP EXPENDITURES AND GROSS SAVING ANNUAL FLOWS, ANNUAL FLOWS, 1969-78 1969 1970 1971 1972 1 935.541 982.419 1063.436 1171.121 2 3 4 5 6 787.588 579.711 85.478 110.416 97.461 837.659 618.796 84.931 123.221 95.642 1973 1974 1975 1976 1977 1969-78 1978 1306.554 1412.889 1528.833 1702.161 1899.514 2127.563 901.905 668.171 97.087 137.514 96.220 986.139 1079.412 1192.260 1317.511 1451.179 1606.165 1786.355 889.603 979.070 1089.871 1209.971 1350.763 733.034 809.885 122.001 132.639 157.396 200.300 178.835 111.241 123.714 215.383 251.815 283.002 150.979 167.339 191.536 231.601 152.590 111.121 123.058 144.379 102.188 129.707 102.126 TOTAL GNP 1 CURRENT OUTLAYS HOUSEHOLDS OF WHICH CONSUMER DURABLES STATE + LOCAL GOVERNMENT U. S. GOVERNMENT 2 3 4 5 6 GROSS DOMESTIC 7 7 146.200 140.814 159.969 188.275 219.999 214.589 190.919 243.015 303.253 351.467 8 9 10 11 12 13 136.828 37.879 2.308 22.708 22.484 745 137.039 36.578 2.469 21.088 20.221 565 153.615 49.555 3.274 30.218 27.567 652 178.833 62.006 4.049 36.783 34.866 664 202.092 66.113 4.391 37.551 37.836 601 205.663 55.051 3.181 33.658 33.304 1.158 201.636 51.468 2.374 39.603 36.894 930 232.977 68.090 3.087 56.012 51.909 1.062 281.322 91.894 4.033 75.347 69.847 1.487 329.150 108.009 4.661 86.775 84.155 1.760 14 15 16 -521 -260 -261 302 151 151 1.999 1.000 999 1.253 627 626 -886 -443 -443 -804 -401 -403 1.779 890 889 3.041 1.520 1.521 4.013 2.007 2.006 860 430 430 17 18 19 20 21 12.863 1.500 7. 853 3.396 114 13.021 1.800 7.963 3.175 83 16.063 1.600 10.912 3.417 134 21.174 1.800 14.717 4.285 372 24.171 3.000 15.891 5.040 240 18.212 6.400 8.853 2.609 350 9.491 3.700 3.668 1.124 999 8.991 2.459 4.479 1.511 542 12.514 2.446 7.348 2.840 -120 16.573 3.205 9.826 3.834 —292 22 23 24 25 26 27 98.949 4. 695 5.737 12.859 2. 873 72.785 100.461 4.825 6.248 12.871 3.239 73.278 104.060 5.134 6.388 11.528 3.714 77.296 116.827 5.541 6.629 13.364 4.424 86.869 135.979 5.206 8.998 14.789 4.797 102.189 150.612 5.383 10.580 15.310 6.328 113.011 150.168 5.400 11.401 17.439 9.011 106.917 164.887 5.631 12.806 17.480 7.783 121.187 189.428 5.644 13.358 20.889 6.188 143.349 221.141 5.915 15.184 24.155 5.917 169.970 28 29 30 31 32 9. 372 137 9. 235 908 8. 327 3.775 109 3.666 270 3.396 6.354 1.281 5.073 1.455 3.618 9.442 610 8.832 1.271 7.561 17.907 3.248 14.659 1.342 13.317 8.926 -1.837 10.763 -2.180 12.943 -10.717 3.542 -14.259 -3.867 -10.392 10.038 -2.049 12.087 1.264 10.823 21.931 1.224 20.707 1.509 19.198 22.317 1.054 21.263 1.525 19.738 33 34 35 1.753 54.699 52.946 3.946 62.468 58.522 1.562 65.595 64.033 -3.293 72.656 75.949 7.143 101.556 94.413 6.040 137.921 131.881 20.403 147.267 126.864 7.967 163.317 155.350 -9.904 175.862 185.766 -10.259 207.222 217.481 36 37 38 630.427 35.109 5.569 685.935 50.574 7.372 742.811 57.336 7.718 801.299 49.370 6. 161 901.663 70.324 7. 799 984.627 1086.657 1184.512 1305.131 1458.388 71.653 83.646 68.583 64.959 72 .025 7.277 7.697 5.789 4.977 4.938 39 40 8.541 2. 127 -12.136 2.769 -21.959 3.683 -17.263 13.747 -6.711 13.003 -10.721 7. 564 -70.584 6.208 -53.595 17.933 -46.331 26.826 -27.685 27.413 41 42 43 44 45 83.422 124 3.719 11.271 68.308 71.485 -1 3.786 12.555 55.145 81.974 82 4.565 14.145 63.182 96.156 305 4.845 15.443 75.563 115.758 720 6.822 16.226 91.990 126.921 224 9.577 14.413 102.707 120.378 63 5 6. 105 12.983 100.655 155.979 345 8.236 17.780 129.618 177.141 164 9.846 23.845 143.286 CORPORATE PROFITS, TAXES + DIVIDENDS: 206.023 PROFITS - TOTAL 195 FARMS 10.206 FOREIGN FINANCIAL CORPORATIONS 29.694 165.928 NONFIN. CORPORATE BUSINESS 46 47 48 49 39.651 86 6.333 33.232 34.477 63 7. 185 27.229 37.710 92 7.792 29.826 41.535 116 8.059 33.360 48.702 264 9.061 39.377 52.375 221 9.671 42.483 49.811 244 9.236 40.331 63.810 138 11.268 52.404 72.629 165 13.016 59.448 84.518 187 15.767 68.564 TAX ACCRUALS - TOTAL FARMS FINANCIAL CORPORATIONS NONFIN. CORPORATE BUSINESS 46 47 48 49 50 51 52 53 54 22.592 51 1.936 -24 20.629 22.884 29 2.222 785 19.848 22.982 54 2.711 265 19.952 24.597 75 2.939 -43 21.626 27.792 96 3.161 744 23.791 30.963 135 4.774 141 25.913 31.885 173 3.017 398 28.297 37.484 207 4.018 346 32.913 42.108 223 4.681 216 36.988 47.164 265 5.026 297 41.576 DIVIDENDS - TOTAL FARMS NET FOREIGN FINANCIAL CORPORATIONS NONFIN. CORPORATE BUSINESS 50 51 52 53 54 55 56 57 58 59 21.179 -13 1. 783 4.962 14.447 14.124 -93 1. 564 4. 585 8.068 21.282 -64 1.854 6.088 13.404 30.024 114 1.906 7.427 20.577 39.264 360 3.661 6.421 28.822 43.583 -132 4.803 4.601 34.311 38.682 218 3.088 3.349 32.027 54.686 0 4.218 6.166 44.302 62.404 -224 5.165 10.613 46.850 74.341 -257 5.180 13.630 55.788 UNDIST. PROFITS - TOTAL FARMS FOREIGN BRANCH PROFITS FINANCIAL CORPORATIONS NONFIN. CORPORATE BUSINESS 55 56 57 58 59 60 61 62 63 3.549 -12 17 3. 544 1.473 -9 -69 1.551 253 -37 -210 500 2.522 -8 -165 2.695 1.890 -7 51 1.846 -2.946 -8 92 -3.030 -12.044 -250 -134 -11.660 -14.525 -498 -115 -13.912 -12.032 -542 -213 -11.277 -13.132 -568 -529 -12.035 CAP. CONS. ADJUST. - TOTAL FARMS FINANCIAL CORPORATIONS NONFIN. CORPORATE BUSINESS 60 61 62 63 64 65 66 67 68 69 70 71 72 82.490 12.056 2.079 5. 865 13.044 49.446 1.694 331 47.421 90.827 12.833 2.331 6.022 14.501 55.140 2.035 368 52.737 98.779 13.685 2.569 6.553 15.338 60.634 2.390 391 57.853 105.364 14.717 2.787 7.029 15.469 65.362 2.757 410 62.195 117.652 17.068 3.128 7.824 17.774 71.858 3. 179 589 68.090 137.651 19.768 3.714 9.197 20.414 84.558 3.787 735 80.036 161.954 22.167 4.471 10.748 23.300 101.268 4.421 1.116 95.731 177.769 24.391 4.566 11.548 25.616 111.648 4.847 1.494 105.307 195.446 28.244 4.849 12.588 28.438 121.327 5.291 1.697 114.339 216.890 32.839 5.356 13.831 31.927 132.937 5.998 1.862 125.077 64 65 66 67 68 69 70 71 72 73 74 59.248 141.738 64.734 155.561 70.850 169.629 76.107 181.471 82.583 200.235 93.362 231.013 106.001 267.955 116.845 294.614 127.953 323.399 142.841 359.731 TOTAL CAPITAL CONSUMPTION OWNER-OCCUPIED HOMES (HH) NONPROFIT INSTITUTIONS (HH) FARM NONCORPORATE NONFARM NONCORP. BUSINESS TOTAL CORPORATE FINANCIAL BUSINESS CORPORATE FARMS NONFIN. CORPORATE BUSINESS MEMO: CAP. CONS. ON CONSUMER DURABLES NOT INCLUDED ABOVE TOT. CAP. CONS. INCL. DURABLES 75 -3.269 -2.076 1.327 1.681 2.629 5.763 7.371 6.122 7.521 3.314 76 77 47.530 15.472 48.229 14.394 46.002 13.535 43.195 14.984 42.072 14.326 41.265 14.746 41.378 13.447 40.909 14.265 41.000 14.785 41.023 15.081 MILLIONS OF DOLLARS INVESTMENT PRIVATE FIXED INVESTMENT RESIDENTIAL CONSTRUCTION MOBILE HOMES 1-4 FAMILY STRUCTURES HOUSEHOLD PURCHASES FARM CHANGE IN WORK IN PROCESS ON NONFARM NONCORPORATE CORPORATE MULTI-FAMILY UNITS HOUSEHOLDS NONCORPORATE BUSINESS NONFIN. CORP. BUSINESS REITS NONRES. PLANT + EQUIPMENT NONPROFIT INST. (HH) FARM NONFARM NONCORP. BUS. FINANCIAL CORPORATIONS NONFIN. CORP. BUSINESS INVENTORIES FARM NONFARM NONCORPORATE CORPORATE 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 NET EXPORTS EXPORTS IMPORTS 33 34 35 DISPOSABLE PERSONAL INCOME PERSONAL SAVING SAVING RATE (PER CENT) 36 37 38 FEDERAL GOVERNMENT SURPLUS ST.+LOC. GOVERNMENT SURPLUS 39 40 41 42 43 44 45 73 74 STATISTICAL DISCREPANCY 75 PROFIT TAX RATE (?) PERSONAL TAX RATE (?) 76 77 OCTOBER 1979 FUNDS RAISED IN CREDIT MARKETS 4 FUNDS RAISED IN CREDIT MARKETS SUMMARY OF FUNDS RAISED IN CREDIT MARKETS ANNUAL FLOWS, 1949-58 ANNUAL FLOWS, 1949-58 1949 1951 1950 1952 1953 1954 1955 1956 1957 1958 CREDIT MARKET FUNDS RAISED BY NONFINANCIAL SECTORS 1 2 TOTAL FUNDS RAISED BY NONFINANCIAL SECTORS EXCLUDING EQUITIES 3 U.S. GOVERNMENT 4 TREASURY ISSUES 5 AGENCY ISSUES + MORTGAGES 6 ALL OTHER NONFINANCIAL SECTORS 7 CORPORATE EQUITIES 8 DEBT INSTRUMENTS 9 10 11 PRIVATE DOMESTIC NONFINANCIAL SECTORS CORPORATE EQUITIES DEBT INSTRUMENTS 17.497 16.303 25.923 24.611 24.742 22.559 33.439 31.059 29.551 27.836 27.720 25.881 37.976 36.084 29.822 27.461 30.547 28.071 42.249 39.949 1 2 2.577 2.488 89 -1.179 -557 -622 -438 -301 -137 5.365 4.984 381 7.020 5.393 1.627 2.398 2.313 85 -807 -80 -727 -5.816 -5.561 -255 -2.255 -2.674 419 9.300 8.945 355 3 4 5 14.920 1.194 13.726 27.102 1.312 25.790 25.180 2.183 22.997 28.074 2.380 25.694 22.531 1.715 20.816 25.322 1.839 23.483 38.783 1.892 36.891 35.638 2.361 33.277 32.802 2.476 30.326 32.949 2.300 30.649 6 7 8 14.768 1.212 13.556 26.933 1.288 25.645 24.463 2.107 22.356 27.551 2.320 25.231 22.553 1.766 20.787 24.774 1.583 23.191 38.580 1.719 36.861 34.643 2.250 32.393 31.470 2.441 29.029 30.602 1.968 28.634 9 10 11 12 13 14 15 16 17 18 19 DEBT CAPITAL INSTRUMENTS ST.+LOC. OBLIGATIONS CORPORATE BONDS MORTGAGES HOME MORTGAGES MULTI-FAMILY RESID. COMMERCIAL FARM 11.921 2.582 2.903 6.436 4.298 1.167 680 291 15.049 3.332 1.624 10.093 7.508 1.472 621 492 14.889 2.178 3.295 9.416 6.496 1.341 999 580 17.354 3.684 4.684 8.986 6.658 839 904 585 17.475 4.269 3.356 9.850 7.544 640 1.165 501 21.695 6.082 3.479 12.134 9.336 544 1.745 509 24.210 5.276 2.836 16.098 12.449 825 2.048 776 21.791 3.591 3.615 14.585 10.777 574 2.421 813 22.662 4.247 6.317 12.098 8.647 451 2.438 562 26.124 5.498 5.683 14.943 9.765 1.518 2.948 712 12 13 14 15 16 17 18 19 20 21 22 23 24 OTHER DEBT INSTRUMENTS CONSUMER CREDIT BANK LOANS N.E.C. OPEN-MARKET PAPER OTHER 1.635 3.184 -1.872 23 300 10.596 4.789 4.902 110 795 7.467 1.627 4.600 100 1.140 7.877 5.283 1.350 84 1.160 3.312 4.185 -1.053 112 68 1.496 1.456 -391 355 76 12.651 7.156 4.760 -439 1.174 10.602 3.920 5.714 174 794 6.367 2.923 1.493 173 1.778 2.510 511 671 199 1.129 20 21 22 23 24 14.768 2.497 8.238 26.933 3.399 12.382 24.463 2.439 8.984 27.551 4.006 12.171 22.553 3.905 12.562 24.774 5.747 10.993 38.580 5.288 19.944 34.643 3.659 16.204 31.470 4.398 12.824 30.602 5.678 11.659 25 26 27 4.033 392 538 3.103 1.891 1.212 11.152 1.058 2.007 8.087 6.799 1.288 13.040 1.287 1.255 10.498 8.391 2.107 11.374 790 1.088 9.496 7. 176 2.320 6.086 -100 537 5.649 3.883 1.766 8.034 772 811 6.451 4.868 1.583 13.348 1.442 1.744 10.162 8.443 1.719 14.780 858 1.115 12.807 10.557 2.250 14.248 1.057 942 12.249 9.808 2.441 13.265 1.364 1.424 10.477 8.509 1.968 28 29 30 31 32 33 152 -18 170 -9 -286 -14 479 169 24 145 251 -282 57 119 717 76 641 277 153 58 153 523 60 463 27 38 -20 418 -22 -51 29 -112 -128 40 229 548 256 292 -50 469 74 -201 203 173 30 -193 217 39 -33 995 111 884 310 376 167 31 1.332 35 1.297 435 317 211 334 2.347 332 2.015 918 541 -76 632 34 35 36 37 38 39 40 41 MEMO: U.S. GOVT. CASH BALANCE 483 -429 TOTALS NET OF CHANGES IN U.S. GOVT. CASH BALANCES— 17.014 26.352 42 TOTAL FUNDS RAISED 2.094 -750 43 BY U.S. GOVERNMENT 197 1.797 -1.356 306 -674 52 162 177 41 24.545 -635 31.642 3.568 30.907 8.376 27.414 2.092 38.650 -133 29.770 -5.868 30.385 -2.417 42.072 9.123 42 43 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 BY BORROWING SECTOR: ST.+LOC. GOVERNMENTS HOUSEHOLDS NONFINANCIAL BUSINESS FARM NONFARM NONCORPORATE CORPORATE DEBT INSTRUMENTS EQUITIES FOREIGN CORPORATE EQUITIES DEBT INSTRUMENTS BONDS BANK LOANS N.E.C. OPEN-MARKET PAPER U.S. GOVERNMENT LOANS CREDIT MARKET FUNDS RAISED BY FINANCIAL SECTORS 1 TOTAL FUNDS RAISED BY FINANCIAL SECTORS 2 3 4 5 U.S. GOVT. RELATED SPONSORED CR. AG. SEC. MORTGAGE POOL SECURITIES LOANS FROM U.S. GOVERNMENT 6 7 PRIVATE FINANCIAL SECTORS CORPORATE EQUITIES 8 9 10 11 12 13 DEBT INSTRUMENTS CORPORATE BONDS MORTGAGES BANK LOANS N.E.C. OPEN-MARKET PAPER LOANS FROM FHLB'S 14 TOTAL, BY SECTOR SPONSORED CREDIT AGENCIES 15 16 MORTGAGE POOLS 17 18 19 20 21 22 23 24 PRIVATE FINANCIAL SECTORS COMMERCIAL BANKS BANK AFFILIATES SAVINGS + LOAN ASSNS. OTHER INSURANCE COMPANIES FINANCE COMPANIES REITS OPEN-END INVESTMENT COS. 1.129 2.572 1.275 2.137 2.282 970 6.083 2.649 3.759 1.569 1 -109 -112 3 0 406 381 25 0 238 227 11 0 57 47 10 0 4 -3 7 0 -17 -35 18 0 1.045 941 38 66 771 443 33 295 1.144 1.400 24 -280 73 77 17 -21 2 3 4 5 1.238 358 2.166 357 1.037 488 2.080 706 2.278 610 987 856 5.038 832 1.878 1.378 2.615 1.409 1.496 1.798 6 7 880 382 44 368 168 -82 1.809 380 46 962 38 383 549 288 47 -237 350 101 1.374 257 132 678 354 -47 1.668 1.401 50 -96 225 88 131 -77 239 206 -152 -85 4.206 924 123 2.361 248 550 500 1.081 -25 -500 133 -189 1.206 745 -31 3 452 37 -302 202 305 -707 -135 33 8 9 10 11 12 13 1.129 -112 3 2.572 381 25 1.275 227 11 2.137 47 10 2.282 -3 7 970 -35 18 6.083 1.007 38 2.649 738 33 3.759 1.120 24 1.569 56 17 14 15 16 1.238 11 0 -53 20 933 0 327 2. 166 72 0 445 46 1.364 0 239 1.037 144 0 152 47 397 0 297 2.080 139 0 79 36 1.295 0 531 2.278 114 0 131 88 1.537 0 408 987 228 0 167 106 -36 0 522 5.038 -51 0 725 103 3.481 0 780 1.878 267 0 -239 62 739 0 1.049 2.615 273 0 0 66 1.206 0 1.070 1.496 54 0 369 148 -671 0 1.596 17 18 19 20 21 22 23 24 TOTAL CREDIT MARKET FUNDS RAISED, ALL SECTORS, BY TYPE 1 TOTAL FUNDS RAISED INVESTMENT COMPANY SHARES 2 3 OTHER CORPORATE EQUITIES 4 5 6 7 8 9 10 11 12 DEBT INSTRUMENTS U.S. GOVERNMENT SECURITIES STATE + LOCAL OBLIGATIONS CORPORATE + FOREIGN BONDS MORTGAGES CCNSUMER CREDIT BANK LOANS N.E.C. OPEN-MARKET PAPER OTHER LOANS MILLIONS OF DOLLARS 18.626 327 1.225 28.495 239 1.430 26.017 297 2.374 35.576 531 2.555 31.833 408 1.917 28.690 522 2.173 44.059 780 1.944 32.471 1.049 2.690 34.306 1.070 2.815 43.818 1.596 2.502 1 2 3 17.074 2.468 2.582 3.276 6.480 26.826 -773 3.332 2.255 10.139 23.346 -200 2.178 3.860 9.463 32.490 5.422 3.684 4.968 9.118 29.508 7.024 4.269 4.645 9.900 25.995 2.381 6.082 3.352 12.373 41.335 172 5.276 3.567 16.221 28.732 -5.340 3.591 5.006 14.560 30.421 -927 4.247 7.497 12.163 39.720 8.958 5.498 6.803 15.684 4 5 6 7 8 3.184 -1.790 177 697 4.789 5.582 205 1.297 1.627 4.516 508 1.394 5.283 2.066 418 1.531 4.185 -1.277 377 385 1.456 284 277 -210 7.156 7.338 -152 1.757 3.920 5.590 474 931 2.923 1.813 836 1.869 511 505 -12 1.773 9 10 11 12 OCTOBER 1979 FUNDS RAISED IN CREDIT MARKETS FUNDS RAISED IN CREDIT MARKETS 5 SUMMARY OF FUNDS RAISED IN CREDIT MARKETS ANNUAL FLOWS, 1959>-68 ANNUAL FLOWS, 1959-68 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 CREDIT MARKET FUNDS RAISED BY NONFINANCIAL SECTORS 1 2 53.444 51.171 37.682 36.231 48.035 45.589 55.299 54.955 59.437 59.667 68.973 67.618 71.976 71.706 69.233 68.227 84.136 81.689 98.842 98.846 TOTAL FUNDS RAISED BY NONFINANCIAL SECTORS EXCLUDING EQUITIES 1 2 3 4 5 7.077 7.411 -334 -2.061 -2.205 144 7.201 6.672 529 6.993 6.190 803 3.973 4.082 -109 6.229 5.344 885 1.764 1.297 467 3.629 2.336 1.293 13.000 8.908 4.092 13.568 10.474 3.094 U.S. GOVERNMENT TREASURY ISSUES AGENCY ISSUES + MORTGAGES 3 4 5 6 7 8 46.367 2.273 44.094 39.743 1.451 38.292 40.834 2.446 38.388 48.306 344 47.962 55.464 -230 55.694 62.744 1.355 61.389 70.212 270 69.942 65.604 1.006 64.598 71.136 2.447 68.689 85.274 -4 85.278 ALL OTHER NONFINANCIAL SECTORS, CORPORATE EQUITIES DEBT INSTRUMENTS 6 7 8 9 10 11 45.542 2.078 43.464 37.879 1.365 36.514 38.279 2.121 36.158 46.241 369 45.872 52.130 -341 52.471 58.572 1.145 57.427 67.406 -28 67.434 63.945 1.259 62.686 67.219 2.397 64.822 82.396 -159 82.555 12 13 14 15 16 17 18 19 28.154 6.280 2.955 18.919 13.035 1.820 3.072 992 25.523 5.280 3.456 16.787 11.193 1.681 3.176 737 29.830 5.085 4.640 20.105 12.429 2.614 3.983 1.079 32.932 5.358 4.550 23.024 14.120 2.850 4.778 1.276 36.145 5.723 3.913 26.509 16.565 3.230 5.085 1.629 37.715 6.001 3.994 27.720 17.251 4.524 3.825 2.120 40.175 7.345 5.392 27.438 17.162 3.616 4.415 2.245 39.569 5.647 10.224 23.698 13.028 3.124 5.681 1.865 46.104 7.769 14.658 23.677 13.425 3.603 4.684 1.965 51.845 9.516 12.893 29.436 17.274 3.437 6.565 2.160 DEBT CAPITAL INSTRUMENTSi ST.+LOC. OBLIGATIONS CORPORATE BONDS MORTGAGES HOME MORTGAGES MULTI-FAMILY RESID. COMMERCIAL FARM 12 13 14 15 16 17 18 19 20 21 22 23 24 15.310 8.039 4.967 -332 2.636 10.991 4.363 2.789 695 3.144 6.328 2.531 1.842 386 1.569 12.940 6.282 4.443 107 2.108 16.326 8.888 4.841 -463 3.060 19.712 9.786 6.187 245 3.494 27.259 10.616 12.896 -254 4.001 23.117 6.542 10.608 1.087 4.880 18.718 5.681 8.818 1.653 2.566 30.710 11.519 12.694 1.485 5.012 OTHER DEBT INSTRUMENTS CONSUMER CREDIT BANK LOANS N.E.C. OPEN-MARKET PAPER OTHER 20 21 22 23 24 25 26 27 45.542 6.465 22.615 37.879 5.485 17.725 38.279 5.311 16.600 46.241 5.862 22.068 52.130 5.956 26.885 58.572 6.262 29.610 67.406 7.658 30.083 63.945 6.274 23.506 67.219 7.944 21.341 82.396 9.826 32.786 28 29 30 31 32 33 16.462 1.932 2.332 12.198 10.120 2.078 14.669 1.031 1.699 11.939 10.574 1.365 16.366 1.593 2.268 12.507 10.386 2.121 18.311 2.298 3.170 12.843 12.474 369 19.289 2.550 4.491 12.248 12.589 -341 22.700 2.603 5.335 14.762 13.617 1.145 29.665 3.302 5.732 20.631 20.659 -28 34.165 3.193 5.546 25.426 24.167 1.259 37.934 3.311 4.853 29.770 27.373 2.397 39.784 2.768 5.195 31.821 31.980 -159 34 35 36 37 38 39 40 825 195 630 473 214 -54 -3 1.864 86 1.778 577 149 635 417 2.555 325 2.230 437 720 595 478 2.065 -25 2.090 994 413 -36 719 3.334 111 3.223 993 603 473 1.154 4.172 210 3.962 467 1.479 407 1.609 2.806 298 2.508 460 588 -67 1.527 1.659 -253 1.912 735 -50 -51 1.278 3.917 50 3.867 1.216 -369 473 2.547 2.878 155 2.723 1.084 -399 -159 2.197 41 612 839 48 1.287 -355 319 -1.165 42 43 52.832 6.465 36.843 -2.900 47.987 7.153 54.012 5.706 59.792 4.328 68.654 5.910 73.141 2.929 PRIVATE DOMESTIC NONFINANCIAL SECTORS CORPORATE EQUITIES DEBT INSTRUMENTS BY BORROWING SECTOR: ST.+LOC. GOVERNMENTS HOUSEHOLDS NONFINANCIAL BUSINESS FARM NONFARM NONCORPORATE CORPORATE DEBT INSTRUMENTS EQUITIES FOREIGN CORPORATE EQUITIES DEBT INSTRUMENTS BONDS BANK LOANS N.E.C. OPEN-MARKET PAPER U.S. GOVERNMENT LOANS -399 1.164 -1.192 MEMO: U.S. GOVT. CASH BALANCE TOTALS NET □F CHANGES IN U.S. GOVT. CASH BALANCES— 69.632 82.972 100.034 TOTAL FUNDS RAISED 11.836 4.028 14.760 BY U.S. GOVERNMENT 9 10 11 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 CREDIT MARKET FUNDS RAISED BY FINANCIAL SECTORS TOTAL FUNDS RAISED BY FINANCIAL SECTORS 1 8.230 4.916 4.958 7.141 9.167 7.449 12.030 11.731 2.330 16.605 2 3 4 5 2.288 2. 195 14 79 636 740 -2 -102 769 614 88 67 1.622 1.514 123 -15 1.559 1.536 112 -89 643 413 99 131 2.359 1.909 245 205 5.270 5.058 445 -233 53 -554 674 -67 4.014 3.229 538 247 6 7 5. 942 2.044 4.280 1.645 4.189 2.604 5.519 1.961 7.608 1.793 6.806 2.219 9.671 3.299 6.461 3.798 2.277 3.116 12.591 6.533 8 9 10 11 12 13 3.898 1.177 132 1.055 698 836 2.635 1.379 -107 675 841 -153 1.585 150 364 526 -136 681 3.558 -40 449 1.122 1.210 817 5.815 1.308 529 1.653 1.020 1.305 4.587 2.304 -289 536 1.495 541 6.372 2.217 -41 2.338 1.186 672 2.663 224 -928 -1.091 3.520 938 -839 679 987 -1.984 2.028 -2.549 6.058 446 392 1.474 2.873 873 DEBT INSTRUMENTS CORPORATE BONDS MORTGAGES BANK LOANS N.E.C. OPEN-MARKET PAPER LOANS FROM FHLB'S 8 9 10 11 12 14 15 16 8.230 2.274 14 4.916 638 -2 4.958 681 88 7.141 1.499 123 9.167 1.447 112 7.449 544 99 12.030 2.114 245 11.731 4.825 445 2.330 -621 674 16.605 3.476 538 TOTAL, BY SECTOR SPONSORED CREDIT AGENCIES MORTGAGE POOLS 14 15 16 17 18 19 20 21 22 23 24 5.942 132 0 1.074 135 2.824 0 1.777 4.280 122 0 -295 79 2.930 0 1.444 4.189 178 0 1.023 256 562 0 2.170 5.519 96 0 1.224 143 2.334 1 1.721 7.6 08 284 0 1.924 286 3.658 2 1.454 6.806 585 0 293 123 3.754 5 2.046 9.671 755 0 805 85 4.750 4 3.272 6.461 93 0 83 81 2.476 6 3.722 2.277 232 0 -1.702 110 594 7 3.036 12.591 201 0 1.132 247 3.902 1.202 5.907 1 U.S. GOVT. RELATED SPONSORED CR. AG. SEC. MORTGAGE POOL SECURITIES LOANS FROM U.S. GOVERNMENT 2 3 4 5 PRIVATE FINANCIAL SECTORS CORPORATE EQUITIES 6 7 PRIVATE FINANCIAL SECTORS COMMERCIAL BANKS BANK AFFILIATES SAVINGS + LOAN ASSNS. OTHER INSURANCE COMPANIES FINANCE COMPANIES REITS OPEN-ENO INVESTMENT COS. 13 17 18 19 20 21 22 23 24 TOTAL CREDIT MARKET FUNDS RAISED, ALL SECTORS, BY TYPE 1 2 3 61.674 1.777 2.540 42.598 1.444 1.652 52.993 2.170 2.680 62.440 1.721 584 68.604 1.454 109 76.422 2.046 1.528 84.006 3.272 297 80.964 3.722 1.082 86.466 3.036 2.527 115.447 5.907 622 4 5 6 7 8 57.357 8.971 6.280 4.605 19.366 39.502 -1.728 5.280 5.412 17.085 47.943 7.681 5.085 5.227 20.691 60.135 8.370 5.358 5.504 23.733 67.041 5.559 5.723 6.214 27.100 72.848 6.711 6.001 6.765 27.461 80.437 3.899 7.345 8.069 27.416 76.160 9.194 5.647 11.183 22.708 80.903 13.183 7.769 16.553 24.601 108.918 17.401 9.516 14.423 29.762 9 10 11 12 8.039 6. 236 312 3. 548 4.363 3.613 2.171 3.306 2.531 3.088 845 2.795 6.282 5.978 1.281 3.629 8.888 7.097 1.030 5.430 9.786 8.202 2.147 5.775 10.616 15.822 865 6.405 6.542 9.467 4.556 6.863 5.681 6.465 4.154 2.497 11.519 13.769 4.199 8.329 MILLIONS OF DOLLARS TOTAL FUNDS RAISED INVESTMENT COMPANY SHARES OTHER CORPORATE EQUITIES DEBT INSTRUMENTS U.S. GOVERNMENT SECURITIES STATE + LOCAL OBLIGATIONS CORPORATE + FOREIGN BONDS MORTGAGES CONSUMER CREDIT BANK LOANS N.E.C. OPEN-MARKET PAPER OTHER LOANS 1 2 3 4 5 6 7 8 9 10 11 12 OCTOBER 1979 FUNDS RAISED IN CREDIT MARKETS FUNDS RAISED IN CREDIT MARKETS SUMMARY OF FUNDS RAISED IN CREDIT MARKETS ANNUAL FLOWS, 1969-78 ANNUAL FLOWS, 1969 1971 1970 1972 1973 1974 1975 1969-78 1976 1977 1978 CREDIT MARKET FUNDS RAISED BY NONFINANCIAL SECTORS 1 2 TOTAL FUNDS RAISED BY NONFINANCIAL SECTORS EXCLUDING EQUITIES 94.121 90.248 101.084 95.322 153.942 142.480 176.780 166.270 203.131 195.447 191.565 187.717 210.798 200.706 271.911 261.065 338.520 335.384 400.310 398.227 1 2 3 U.S. GOVERNMENT 4 TREASURY ISSUES 5 AGENCY ISSUES + MORTGAGES -3.664 -1.279 -2.385 11.851 12.884 -1.033 24.898 26.020 -1.122 15.075 14.262 813 8.266 7.907 359 11.791 12.027 -236 85.405 85.848 -443 69.027 69.139 -112 56.763 57.649 -886 53.681 55.113 -1.432 3 4 5 6 ALL OTHER NONFINANCIAL SECTORS 7 CORPORATE EQUITIES 8 DEBT INSTRUMENTS 97.785 3.873 93.912 89.233 5.762 83.471 129.044 11.462 117.582 161.705 10.510 151.195 194.865 7.684 187.181 179.774 3.848 175.926 125.393 10.092 115.301 202.884 10.846 192.038 281.757 3.136 278.621 346.629 2.083 344.546 6 7 8 94.135 3.406 90.729 86.363 5.694 80.669 123.964 11.435 112.529 157.680 1 0.922 146.758 188.768 7.883 180.885 164.355 4.097 160.258 112.057 9.908 102.149 182.037 10.524 171.513 267.850 2.727 265.123 314.361 2.599 311.762 9 10 11 9 10 11 PRIVATE DOMESTIC NONFINANCIAL SECTORS CORPORATE EQUITIES DEBT INSTRUMENTS 12 13 14 15 16 17 18 19 DEBT CAPITAL INSTRUMENTS ST.+LOC. OBLIGATIONS CORPORATE BONDS MORTGAGES HOME MORTGAGES MULTI-FAMILY RESID. COMMERCIAL FARM 52.457 9.926 11.975 30.556 18.127 4.930 5.681 1.818 60.233 11.231 19.756 29.246 14.379 6.948 7.088 831 86.724 17.422 18.807 50.495 27.998 9.921 10.195 2.381 102.093 14.709 12.187 75.197 42.525 12.686 16.435 3.551 105.054 14.708 9.159 81.187 46.401 10.358 18.933 5.495 98.001 16.480 19.670 61.851 34.751 6.912 15.139 5.049 98.3 91 16.148 27.204 55.039 39.493 -17 10.985 4.578 123.539 15.664 22.831 85.044 63.702 1.839 13.386 6. 117 175.627 23.653 20.977 130.997 96.403 7.399 18.367 8.828 196.567 28.278 20.116 148.173 104.513 10.228 23.260 10.172 12 13 14 15 16 17 18 19 20 21 22 23 24 OTHER DEBT INSTRUMENTS CONSUMER CREDIT BANK LOANS N.E.C. OPEN-MARKET PAPER OTHER 38.272 10.793 15.757 1.815 9.907 20.436 5.371 7.640 2.585 4.840 25.805 14.682 7.089 -357 4.391 44.665 19.844 17.112 774 6.935 75.831 26.022 37.067 2.478 10.264 62.257 9.930 31.985 6.642 13.700 3.758 9.674 -12.348 -2.564 8.996 47.974 25.576 3.956 4.018 14.424 89.496 40.557 26.977 2.916 19.046 115.195 50.579 37.269 5.171 22.176 20 21 22 23 24 94.135 10.672 34.499 86.363 11.308 25.173 123.964 17.701 44.879 157.680 14.506 65.094 188.768 13.198 80.057 164.355 15.508 51.269 112.057 13.737 49.699 182.037 15.215 90.513 267.850 20.363 139.927 314.361 23.564 162.623 25 26 27 48.964 3.034 7.351 38.579 35.173 3.406 49.882 2.305 6.922 40.655 34.961 5.694 61.384 4.468 11.709 45.207 33.772 11.435 78.080 5.828 14.083 58.169 47.247 10.922 95.513 9.562 12.903 73.048 65.165 7.883 97.578 8.028 7.409 82.141 78.044 4.097 48.621 8.780 1.963 37.878 27.970 9.908 76.309 10.916 4.706 60.687 50.163 10.524 107.560 14.747 12.927 79.886 77.159 2.727 128.174 18.059 15.366 94.749 92.150 2.599 28 29 30 31 32 33 3.650 46 7 3.183 1.028 -264 315 2.104 2.870 68 2.802 874 -205 799 1.334 5.080 27 5.053 940 2.000 302 1.811 4.025 -412 4.437 1.03 0 2.993 -1.044 1.45 8 6.097 -199 6.296 958 2.715 930 1.693 15.419 -249 15.668 2.102 4.656 7.262 1.648 13.336 184 13.152 6.216 3.859 288 2.789 20.847 322 20.525 8.560 6.776 1.934 3.255 13.907 409 13.498 5.051 3.054 2.419 2.974 32.268 -516 32.784 4.013 18.267 6.599 3.905 34 35 36 37 38 39 40 458 2.754 41 MEMO: U.S. GOVT. CASH BALANCE TOTALS NET OF CHANGES IN U.S. GOVT. CASH BALANCES-93.663 98.330 42 TOTAL FUNDS RAISED BY U.S. GOVERNMENT 43 -4.122 9.097 3.185 -314 -1.673 -4.581 2.873 3.155 1.092 3.754 41 150.757 21.713 177.094 15.389 204.804 9.939 196.146 16.372 207.925 82.532 268.756 65.872 337.428 55.671 396.556 49.927 42 43 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 BY BORROWING SECTOR: ST.+LOC. GOVERNMENTS HOUSEHOLDS NONFINANCIAL BUSINESS FARM NONFARM NONCORPORATE CORPORATE DEBT INSTRUMENTS EQUITIES FOREIGN CORPORATE EQUITIES debt INSTRUMENTS BONDS BANK LOANS N.E.C. OPEN-MARKET PAPER U.S. GOVERNMENT LOANS CREDIT MARKET FUNDS RAISED BY FINANCIAL SECTORS TOTAL FUNDS RAISED BY FINANCIAL SECTORS 32.452 17.872 14.432 25.837 44.837 39.210 12.740 24.085 53.993 81.414 1 9.461 9.066 678 -283 9.785 8.234 1.551 0 5.913 1.142 4.771 0 8.399 3.521 4.878 0 19.931 16.295 3.636 0 23.056 16.602 5.759 695 13.545 2.342 10.339 864 18.601 3.325 15.663 -387 26.272 6.956 20.488 -1.172 41.413 23.069 18.344 0 2 3 4 5 22.991 6.266 8.087 4.753 8.519 3.509 17.438 2. 758 24.906 1.498 16.154 276 -805 601 5.484 1.038 27.721 852 40.001 1.657 7 16.725 826 236 1.313 10.320 4.030 3.334 2.676 739 -101 -1.306 1.326 5.010 3.766 2.085 1.897 -59 -2.679 14.680 5.133 1.660 5. 970 1.874 43 23.408 3.514 -1.222 9.010 4.938 7.168 15.878 2.098 -1.254 4.618 3.759 6.657 -1.406 2.948 2.263 -3.723 1.065 -3.959 4.446 5. 841 2.100 -3.707 2.195 -1.983 26.869 10.121 3.083 -2 79 9.633 4.311 38.344 7.477 921 2.815 14.634 12.497 8 9 10 11 12 13 14 TOTAL, BY SECTOR 15 SPONSORED CREDIT AGENCIES 16 MORTGAGE POOLS 32.452 8.783 678 17.872 8.234 1.551 14.432 1.142 4.771 25.837 3.521 4.878 44.837 16.295 3.636 39.210 17.297 5.759 12.740 3.206 10.339 24.085 2.938 15.663 53.993 5.784 20.488 81.414 23.069 18.344 14 15 16 17 18 19 20 21 22 23 24 22.991 -215 4.294 4.104 549 7.797 1.533 4.929 8.087 225 -1.945 1.845 393 2.637 2.162 2.770 8.519 1.479 -376 -66 599 2.665 2.931 1.287 17.438 2.305 *664 1/66 0 456 6.570 6.312 -529 24.906 1.224 2.244 6.025 538 9.541 6.545 -1.211 16.154 1.155 3.451 4.785 863 6.017 595 -712 -805 1.189 322 -2.312 959 506 -1.393 -76 5.484 2.282 -795 50 908 6.440 -2.412 -989 27.721 1.126 1.276 9.923 940 17.615 -2.229 -930 40.001 1.320 6.700 14.312 1.086 18.572 -1.009 -980 17 18 19 20 21 22 23 24 1 2 3 4 5 U.S. GOVT. RELATED SPONSORED CR. AG. SEC. MORTGAGE POOL SECURITIES LOANS FROM U.S. GOVERNMENT 6 7 PRIVATE FINANCIAL SECTORS CORPORATE EQUITIES 8 9 10 11 12 13 DEBT INSTRUMENTS CORPORATE BONDS MORTGAGES BANK LOANS N.E.C. OPEN-MARKET PAPER LOANS FROM FHLB’S PRIVATE FINANCIAL SECTORS COMMERCIAL BANKS BANK AFFILIATES SAVINGS + LOAN ASSNS. OTHER INSURANCE COMPANIES FINANCE COMPANIES REITS OPEN-END INVESTMENT COS. 6 TOTAL CREDIT MARKET FUNDS RAISED,, ALL SECTORS, BY TYPE 1 TOTAL FUNDS RAISED INVESTMENT COMPANY SHARES 2 3 OTHER CORPORATE EQUITIES 4 5 6 7 8 9 10 11 12 DEBT INSTRUMENTS U.S. GOVERNMENT SECURITIES STATE + LOCAL OBLIGATIONS CORPORATE + FOREIGN BONDS MORTGAGES CONSUMER CREDIT BANK LOANS N.E.C. OPEN-MARKET PAPER OTHER LOANS MILLIONS OF DOLLARS 126.573 4.929 5.210 118.956 2.770 7.745 168.374 1.287 13.684 202.617 -529 13.797 247.968 -1.211 10.393 230.775 -712 4.836 223.538 -76 10.769 295.996 -989 12.873 392.513 -930 4.918 481.724 -980 4.720 1 2 3 116.434 6.161 9.926 13.829 30.711 108.441 21.711 11.231 23.306 29.910 153.403 30.883 17.422 23.513 52.508 189.349 23.560 14.709 18.350 76.771 238.786 28.268 14.708 13.631 79.894 226.651 34.258 16.480 23.870 60.491 212.845 98.176 16.148 36.368 57.212 284.112 88.106 15.664 37.232 87.053 388.525 84.320 23.653 36.149 133.967 477.984 95.191 28.278 31.606 148.997 4 5 6 7 8 10.793 16.806 12.450 15.758 5.371 7.334 2.078 7.500 14.682 10.986 -114 3.523 19.844 26.075 1.604 8.436 26.022 48.792 8.346 19.125 9.930 41.259 17.663 22.700 9.674 -12.212 -1.211 8.690 25.576 7.025 8.147 15.309 40.557 29.752 14.968 25.159 50.579 58.351 26.404 38.578 9 10 11 12 OCTOBER 1979 CREDIT MARKET SUPPLY OF FUNDS CREDIT MARKET SUPPLY OF FUNDS 7 OIRECT AND INDIRECT SOURCES OF FUNDS TO CREDIT MARKETS ANNUAL FLOWS, ANNUAL FLOWS, 1949-58 I 1949 1950 1951 1952 1953 1954 1955 1956 1957 16.303 24.611 22.559 31.059 27.836 25.881 36.084 27.461 28.071 1949-58 1958 TOTAL FUNDS ADVANCED IN CREDIT MARKETS 39.949 TO NONFINANCIAL SECTORS 1 BY PUBLIC AGENCIES ♦ FOREIGN 2 3 4 5 6 -2.912 -4.183 486 -82 867 4.285 3.011 304 383 587 4.768 3.003 615 101 1.049 3.691 2.029 474 -47 1.235 2.429 1.794 357 88 190 -384 -479 84 -85 96 2.451 1.019 360 550 522 7 8 9 10 1.290 -29 —4.567 394 733 485 1.824 1.243 1.298 428 3.025 17 1.512 133 926 1.120 569 68 1.200 592 -284 334 -866 432 719 1.014 -251 96 9 11 -109 406 238 57 4 -17 1.045 TOTAL NET ADVANCES, BY TYPE U.S. GOVERNMENT SECURITIES RESIDENTIAL MORTGAGES FHLB ADVANCES TO S+L'S OTHER LOANS + SECURITIES TOTALS ADVANCED, BY SECTOR U.S. GOVERNMENT 678 621 1.492 1.323 354 GOVT.RELATED AG. + POOLS 1.081 MONETARY AUTHORITIES 195 -701 2.105 551 37 FOREIGN 1.147 AGENCY BORROWING AND POOL SECURITY ISSUES NOT INCLUDED 1. 144 771 73 IN LINE 1 3.101 1.257 562 -189 1.471 1.794 -578 1.196 37 1.139 3.988 2.302 109 33 1.544 2 3 4 5 6 7 8 9 10 11 PRIVATE DOMESTIC FUNDS ADVANCED 12 13 14 15 16 17 18 19.106 6.651 2.582 2.799 4.979 2.013 -82 20.732 -3.784 3.332 1.885 8.676 11.006 383 18.029 -3.203 2.178 3.566 7.222 8.367 101 27.425 3.393 3.684 4.675 7.023 8.603 -47 25.411 5.230 4.269 3.229 7.827 4.944 88 26.248 2.860 6.082 3.423 9.796 4.002 -85 34.678 -847 5.276 2.589 12.914 15.296 550 25.131 -6.597 3.591 3.858 10.789 13.301 -189 27.421 -349 4.247 6.662 7.998 8.900 37 36.034 6.656 5.498 6.547 11.610 5.756 33 TOTAL NET ADVANCES U.S. GOVERNMENT SECURITIES STATE + LOCAL OBLIGATIONS CORPORATE + FOREIGN BONDS RESIDENTIAL MORTGAGES OTHER MORTGAGES ♦ LOANS LESS: FHLB ADVANCES 12 13 14 15 16 17 18 PRIVATE FINANCIAL INTERMEDIATION 19 20 21 22 23 14.697 5. 841 2.532 5.283 1.041 17.118 6.480 3.310 6.003 1.325 15.536 6.592 2.970 5.730 244 23.566 8.684 4.935 7.434 2.513 19.746 3.660 5.815 8.433 1.838 25.179 9.382 6.475 8.506 816 24.813 4.459 8.181 8.415 3.758 21.650 5.177 7.345 8.334 794 22.860 4.909 7.247 8.851 1.853 33.076 14.997 9.075 9.216 -212 CREDIT MARKET FUNDS ADVANCED BY PRIVATE FINANCIAL INSTS. COMMERCIAL BANKING SAVINGS INSTITUTIONS INSURANCE + PENSION FUNDS OTHER FINANCE 24 25 26 14.697 2.973 880 17.118 7.485 1.809 15.536 10.785 549 23.566 11.065 1.374 19.746 9.369 1.666 25.179 13.853 131 24.813 10.757 4.206 21.650 10.782 500 22.860 10.940 1.206 33.076 20.133 -302 24 SOURCES OF FUNDS PRIVATE DOMESTIC DEP. + RP''S 25 CREDIT MARKET BORROWING 26 27 28 29 30 31 10.844 266 733 4. 107 5. 738 7.824 499 -265 4.934 2.656 4.202 -20 553 5.091 -1.422 11.127 473 1.582 5.998 3.074 8.709 73 -795 6.601 2.830 11.195 749 26 6.702 3.718 9.850 -160 -463 7.176 3.297 10.368 429 24 7.370 2.545 10.714 -12 165 7.737 2.824 13.245 937 352 7.871 4.085 32 33 34 35 36 37 5.289 2.980 1.037 -406 132 1.546 5.423 3.030 999 -797 -40 2.231 3.042 271 559 214 78 1.920 5.233 913 2.033 -24 151 2.160 7.333 3.277 2.204 -98 396 1.554 1.200 -2.326 2.663 -925 112 1.676 14.071 7.381 3.711 529 170 2.28 0 3.981 -1.962 2.276 1.113 136 2.418 5.767 162 1.938 933 244 2.490 2.656 -2.806 1.439 1.219 -362 3.166 DIRECT LENDING IN CR. MARKETS U.S. GOVERNMENT SECURITIES STATE + LOCAL OBLIGATIONS CORPORATE + FOREIGN BONDS OPEN-MARKET PAPER OTHER 32 33 34 35 36 37 38 39 40 41 42 43 44 2.312 0 0 2.749 0 249 2.500 7.467 0 0 2.494 0 94 2.400 11.727 0 0 4.890 0 1.826 3.064 12.236 0 0 7.889 0 2.897 4.992 9.958 0 0 8.474 0 2.779 5.695 13.624 0 0 9.811 0 3.249 6.562 11.193 0 0 8.467 0 1.467 7.000 10.835 0 0 9.428 0 2.276 7.152 10.910 0 0 12.305 0 5.553 6.752 20.578 0 0 15.559 0 6.996 8.563 DEPOSITS + CURRENCY SECURITY RP'S MONEY MARKET FUND SHARES TIME + SAVINGS ACCOUNTS LARGE NEGOTIABLE CD'S OTHER AT COMMERCIAL BANKS AT SAVINGS INSTITUTIONS 38 39 40 41 42 43 44 45 46 47 -437 224 -661 4.973 4.991 -18 6.837 5.895 942 4.347 3.176 1.171 1.484 895 589 3.813 4.042 -229 2.726 2.290 436 1.407 1.354 53 -1.395 -1.365 -30 5.019 4.574 445 48 7.601 12.890 14.769 17.469 17.291 14.824 25.264 14.816 16.677 23.234 49 50 51 -17.861 76.923 660 21.135 86.172 -3 11.883 85.928 1.593 8.726 77.706 665 -1.483 95.927 1.181 6.792 71.552 809 11.292 86.148 1.576 6.390 83.366 539 9.982 91.791 974 OTHER SOURCES FOREIGN FUNDS TREASURY BALANCES INSURANCE + PENSION RES. other, NET 19 20 21 22 23 27 28 29 30 31 PRIVATE DOMESTIC NONFINANCIAL INVESTORS 17.410 82.568 1.742 MONEY DEMAND DEPOSITS CURRENCY TOTAL OF CREDIT MARKET INSTRU MENTS, DEPOSITS + CURRENCY PUBLIC HOLDINGS AS Z OF TOTAL PVT. FINAN. INTERMEDIATION (2) TOTAL FOREIGN FUNDS 45 46 47 48 49 50 51 — — —— — —— CORPORATE EQUITIES NOT INCLUDED ABOVE 1 2 3 1.552 327 1.225 1.669 239 1.430 2.671 297 2.374 3.086 531 2.555 2.325 408 1.917 2.695 522 2.173 2.724 780 1.944 3.739 1.049 2.690 3.885 1.070 2.815 4.098 1.596 2.502 TOTAL NET ISSUES MUTUAL FUND SHARES OTHER EQUITIES 1 2 3 4 5 878 674 989 680 725 1.946 1.443 1.643 1.296 1.029 1.735 960 1.642 1.082 1.498 2.241 2.194 1.691 2.605 1.493 ACQ. BY FINANCIAL INSTITUTIONS OTHER NET PURCHASES 4 5 MILLIONS OF DOLLARS OCTOBER 1979 CREDIT MARKET SUPPLY OF FUNDS 8 ANNUAL FLOWS, 1 CREDIT MARKET SUPPLY OF FUNDS DIRECT AND INDIRECT SOURCES OF FUNDS TO CREDIT MARKETS 1959-68 ANNUAL FLOWS, 1959-68 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 TOTAL FUNDS ADVANCED IN CREDIT MARKETS TO NONFINANCIAL SECTORS 51.171 36.231 45.589 54.955 59.667 67.618 71.706 68.227 81.689 98.846 1 4.096 1.446 1.002 -153 1.801 4.820 1.906 269 681 1.964 7.052 3.603 58 817 2.574 6.769 3.805 -1.232 1.305 2.891 7.843 3.426 -152 541 4.028 9.358 3.823 513 672 4.350 12.469 3.328 3.121 938 5.082 12.087 6.861 2.555 -2.549 5.220 12.976 3.330 3.323 873 5.450 2 3 4 5 6 1.659 1.030 1.124 1.182 738 1.481 1.146 556 INCLUDED 636 769 1.951 1.739 1.984 1.378 1.549 1.666 2.856 698 2.829 808 3.381 825 2.880 2.503 3.828 147 5.058 5.513 3.513 -1.615 4.654 630 4.805 1.998 5.233 3.767 3.681 295 7 8 9 10 1.622 1.559 643 2.359 5.270 53 4.014 11 BY PUBLIC AGENCIES + FOREIGN 7.210 2 TOTAL NET ADVANCES* BY TYPE 3.417 3 U.S. GOVERNMENT SECURITIES 4 1.895 RESIDENTIAL MORTGAGES FHLB ADVANCES TO S+L’S 836 5 1.062 6 OTHER LOANS + SECURITIES TOTALS ADVANCED, BY SECTOR U.S. GOVERNMENT 1.783 7 GOVT.RELATED AG. + POOLS 2.238 8 314 9 MONETARY AUTHORITIES 10 2.875 FOREIGN AGENCY BORROWING AND POOL SECURITY ISSUES NOT 11 IN LINE 1 2.288 PRIVATE DOMESTIC FUNDS ADVANCED 12 TOTAL NET ADVANCES 13 U.S. GOVERNMENT SECURITIES 14 STATE + LOCAL OBLIGATIONS 15 CORPORATE + FOREIGN BONDS 16 RESIDENTIAL MORTGAGES 17 OTHER MORTGAGES + LOANS 18 LESS: FHLB ADVANCES PRIVATE FINANCIAL 19 20 21 22 23 32.771 -3.174 5.280 3.954 12.277 14.281 -153 41.538 5.775 5.085 5.076 14.996 11.287 681 49.525 4.767 5.358 5.519 17.172 17.526 817 54.457 1.754 5.723 4.849 21.089 22.347 1.305 60.418 3.285 6.001 4.253 21.957 25.463 541 64.707 76 7.345 5.999 20.284 31.675 672 61.028 5.866 5.647 10.339 12.969 27.145 938 69.655 6.322 7.769 16.002 14.410 22.603 -2.549 89.884 14.071 9.516 13.790 17.322 36.058 873 12 13 14 15 16 17 18 28.412 4.335 10.497 9.800 3.780 32.813 9.018 9.595 9.799 4.401 38.837 15.564 12.031 9.995 1.247 48.092 19.233 14.062 11.319 3.478 49.834 17.281 17.515 11.471 3.567 57.171 22.808 16.210 12.876 5.277 61.911 28.757 14.374 13.458 5.322 46.181 17.564 7.967 16.060 4.590 63.817 36.125 15.011 13.023 -342 75.491 38.835 15.370 13.697 7.589 19 20 21 22 23 28.412 10.741 3.898 32.813 15.578 2.635 38.837 23.310 1.585 48.092 30.252 3.558 49.834 30.971 5.815 57.171 34.712 4.587 61.911 38.506 6.372 46.181 22.701 2.663 63.817 49.599 -839 75.491 46.395 6.058 24 25 26 13.773 -684 800 8.866 4.791 14.600 1.094 895 8.162 4.449 13.942 1.155 1 8.199 4.587 14.282 527 1.212 8.726 3.817 13.048 1.369 -610 9.969 2.320 17.872 2.698 -38 11.739 3.473 17.033 804 -985 11.287 5.927 20.817 3.575 -533 13.577 4. 198 15.057 2.159 242 10.996 1.660 23.038 2.436 -224 10.937 9.889 27 28 29 30 31 INTERMEDIATION CREDIT MARKET FUNDS ADVANCED BY PRIVATE FINANCIAL INSTS. COMMERCIAL BANKING SAVINGS INSTITUTIONS INSURANCE + PENSION FUNDS OTHER FINANCE 24 SOURCES OF FUNDS 25 PRIVATE DOMESTIC DEP. + RP’S CREDIT MARKET BORROWING 26 27 28 29 30 31 46.249 5.554 6.280 3.484 13.275 18.492 836 OTHER SOURCES FOREIGN FUNDS TREASURY BALANCES INSURANCE + PENSION RES. OTHER, NET PRIVATE DOMESTIC NONFINANCIAL INVESTORS 32 DIRECT LENDING IN CR. MARKETS 33 U.S. GOVERNMENT SECURITIES 34 STATE + LOCAL OBLIGATIONS CORPORATE + FOREIGN BONDS 35 36 OPEN-MARKET PAPER 37 OTHER 21.735 13.338 3.997 448 -336 4.288 2.593 -5.693 3.236 695 1.786 2.569 4.286 -1.074 1.235 -141 497 3.769 4.991 1.424 -400 -480 761 3.686 10.438 4.792 1.341 170 899 3.236 7.834 1.099 2.423 -503 1.625 3.190 9.168 3.248 2.649 482 476 2.313 17.510 7.700 3.028 1.332 2.507 2.943 4.999 -1.105 -2.673 3.877 2.026 2.874 20.451 8.622 -13 4.294 3.658 3.890 32 33 34 35 36 37 38 DEPOSITS + CURRENCY 39 SECURITY RP’S MONEY MARKET FUND SHARES 40 41 TIME + SAVINGS ACCOUNTS LARGE NEGOTIABLE CD'S 42 43 OTHER AT COMMERCIAL BANKS 44 AT SAVINGS INSTITUTIONS 11.375 0 0 10.286 0 1.983 8.303 15.524 0 0 14.928 1.095 4.362 9.471 24.017 0 0 20.297 2.028 7.246 11.023 30.842 0 0 28.022 2.681 12.404 12.937 33.583 0 0 28.581 3.406 10.126 15.049 36.366 309 0 28.786 2.233 10.861 15.692 40.624 2 84 0 32.526 3.568 15.887 13.071 24.709 302 0 19.910 -451 13.184 7.177 51.622 -225 0 38.809 3.934 18.262 16.613 48.926 451 0 33.680 3.295 17.422 12.963 38 39 40 41 42 43 44 1.089 455 634 596 650 -54 3.720 3.013 707 2.820 2.230 590 5.002 2.390 2.612 7.271 5.617 1.654 7.814 5.696 2.118 4.497 2.489 2.008 13.038 11.015 2.023 14.795 12.264 2.531 45 46 47 TOTAL OF CREDIT MARKET INSTRU MENTS, DEPOSITS + CURRENCY 33.110 18.117 28.303 35.833 44.021 44.200 49.792 42.219 56.621 69.377 48 49 PUBLIC HOLDINGS AS X OF TOTAL 50 PVT. FINAN. INTERMEDIATION (?) 51 TOTAL FOREIGN FUNDS 14.090 61.432 2.191 11.305 100.128 2.240 10.572 93.497 1.711 12.832 97.106 1.905 11.344 91.510 2.067 11.598 94.625 3.523 13.050 95.678 951 18.275 75.671 1.960 14.796 91.618 4.157 13.127 83.987 2.731 49 50 51 45 46 47 48 MONEY DEMAND DEPOSITS CURRENCY CORPORATE EQUITIES NOT INCLUDED ABOVE 1 TOTAL NET ISSUES MUTUAL FUND SHARES 2 OTHER EQUITIES 3 4.317 1.777 2.540 3.096 1.444 1.652 5.050 2.170 2.880 2.305 1.721 584 1.563 1.454 109 3.574 2.046 1.528 3.569 3.272 297 4.804 3.722 1.082 5.563 3.036 2.527 6.529 5.907 622 1 2 3 4 ACQ. BY FINANCIAL INSTITUTIONS 5 OTHER NET PURCHASES 3.347 970 3.416 -320 4.403 647 4.227 -1.922 3.889 -2.326 3.997 -423 6.025 -2.456 5.743 -939 9.037 -3.474 10.861 -4.332 4 5 MILLIONS OF DOLLARS OCTOBER 1979 CREDIT MARKET SUPPLY OF FUNDS CREDIT MARKET SUPPLY OF FUNDS 9 DIRECT AND INDIRECT SOURCES OF FUNDS TO CREDIT MARKETS ANNUAL FLOWS, 1 ANNUAL FLOWS, 1969-78 1969 1970 1971 1972 1973 1974 1975 1976 1977 90.248 95.322 142.480 166.270 195.447 187.717 200.706 261.065 335.384 1969-78 1978 TOTAL FUNDS ADVANCED IN CREDIT MARKETS TO NONFINANCIAL SECTORS 398.227 1 BY PUBLIC AGENCIES + FOREIGN 2 3 4 5 6 16.144 319 5. 123 4.030 6.672 28.596 15.303 6.528 1.326 5.439 43.968 34.436 7.008 -2.679 5.203 19.367 7.596 7.036 43 4.692 31.779 9.473 8.243 7.168 6.895 53.711 11.876 14.699 6.657 20.479 44.587 22.487 16.229 -3.959 9.830 7 8 9 10 3. 137 9. 267 4.223 -483 2.789 10.356 4.981 10.470 2.817 5.850 8.866 26.435 1.838 8.847 271 8.411 2.817 19.136 9.227 599 9. 817 26.540 6.150 11.204 15.085 14.836 8.537 6.129 11 9. 461 9.785 5.913 8.399 19.931 23.056 13.545 85.125 40.205 20.424 4.311 20.185 TOTAL NET ADVANCES, BY TYPE U.S. GOVERNMENT SECURITIES RESIDENTIAL MORTGAGES FHLB ADVANCES TO S+L» S OTHER LOANS + SECURITIES TOTALS ADVANCED, BY SECTOR 20.407 U.S. GOVERNMENT 11.831 8.912 26.789 44.599 GOVT.RELATED AG. + POOLS 20.328 9.834 7.144 MONETARY AUTHORITIES 6.950 39.361 15.179 37.725 FOREIGN AGENCY BORROWING AND POOL SECURITY ISSUES NOT INCLUDED IN LINE 1 18.601 26.272 41.413 54.253 26.815 12.788 -1.983 16.633 109.681 43.858 26.458 12.497 26.868 2 3 4 5 6 7 8 9 10 11 PRIVATE DOMESTIC FUNDS ADVANCED 12 13 14 15 16 17 18 83.565 5. 842 9. 926 12.467 17.853 41.507 4.030 76.511 6.408 11.231 19.959 14.724 25.515 1.326 104.425 -3.553 17.422 19.455 30.839 37.583 -2.679 155.302 15.964 14.709 13.146 48.089 63.437 43 183.599 18.795 14.708 10.048 48.445 98.771 7.168 157.062 22.382 16.480 20.922 26.858 77.077 6.657 169.664 75.689 16.148 32.827 23.157 17.884 -3.959 225.413 61.291 15.664 30.501 52.662 63.312 -1.983 276.531 44.115 23.653 22.508 83.265 107.301 4.311 329.959 51.333 28.278 22.500 88.186 152.159 12.497 TOTAL NET ADVANCES U.S. GOVERNMENT SECURITIES STATE + LOCAL OBLIGATIONS CORPORATE + FOREIGN BONDS RESIDENTIAL MORTGAGES OTHER MORTGAGES + LOANS LESS: FHLB ADVANCES 12 13 14 15 16 17 18 PRIVATE FINANCIAL INTERMEDIATION 19 20 21 22 23 57.476 18.963 14.554 13.183 10.776 76.981 35.661 17.440 16.974 6.906 109.445 50.403 39.390 13.566 6.086 148.348 70.291 47.255 16.947 13.855 161.312 84.639 35.053 23.683 17.937 125.652 66.799 24.178 29.828 4.847 122.501 29.385 53.511 40.566 -961 190.082 59.625 70.807 49.850 9.800 257.045 87.619 81.980 67.887 19.559 296.893 128.747 75.859 73.539 18.748 CREDIT MARKET FUNDS ADVANCED BY PRIVATE FINANCIAL INSTS. COMMERCIAL BANKING SAVINGS INSTITUTIONS INSURANCE + PENSION FUNDS OTHER FINANCE 24 25 26 57.476 4.506 16.725 76.981 57.614 3.334 109.445 90.291 5.010 148.348 102.276 14.680 161.312 97.285 23.408 125.652 67.514 15.878 122.501 91.955 -1.406 190.082 124.606 4.446 257.045 141.212 26.869 296.893 142.506 38.344 24 SOURCES OF FUNDS PRIVATE DOMESTIC DEP. + RP’S 25 CREDIT MARKET BORROWING 26 27 28 29 30 31 36.245 13.974 44 11.047 11.180 16.033 -7.531 2.884 12.737 7.943 14.144 -4.474 2.231 8.794 7.593 31.392 3.778 706 11.807 15.101 40.619 3.017 -1.008 18.405 20.205 42.260 10.322 -5.058 26.216 10.780 31.952 -8.719 -1.692 29.660 12.703 61.030 -4.554 -89 34.498 31.175 88.964 1.180 4.292 49.360 34.132 116.043 6.320 6.760 62.676 40.287 OTHER SOURCES FOREIGN FUNDS TREASURY BALANCES INSURANCE + PENSION RES. OTHER, NET 19 20 21 22 23 27 28 29 30 31 PRIVATE DOMESTIC NONFINANCIAL INVESTORS 32 33 34 35 36 37 42.814 17.655 8.370 5.361 7.872 3.556 2.864 -7.333 -1.329 9.466 -2.004 4.064 -10 -10.886 845 8.787 -1.936 3.180 21.634 4.227 2.956 4.971 1.301 8.179 45.695 18.807 5.377 2.028 9.768 9.715 47.288 18.927 9.442 5.113 5.835 7.971 45.757 24.133 8.411 8.350 -1.339 6.202 39.777 16.142 3.844 5.791 1.915 12.085 46.355 23.030 2.572 -3.282 9.485 14.550 71.410 33.245 4.520 -1 .366 16.305 18.706 DIRECT LENDING IN CR. MARKETS U.S. GOVERNMENT SECURITIES STATE + LOCAL OBLIGATIONS CORPORATE + FOREIGN BONDS OPEN-MARKET PAPER OTHER 32 33 34 35 36 37 38 39 40 41 42 43 44 7.314 2. 190 0 —2.200 -13.653 3.085 8.368 61.095 -3.077 0 55.285 14.540 24.115 16.630 93.683 843 0 79.091 6.308 33.161 39.622 106.688 1.611 0 83.608 7.593 30.583 45.432 101.226 10.974 0 75.740 17.815 29.452 28.473 73.808 -2.177 2.379 65.447 18.428 25.255 21.764 98.147 246 1.317 83.957 -14.262 38.775 59.444 131.907 2.317 -10 113.458 -13.560 57.916 69.102 149.505 2.208 201 120.974 9.020 42.975 68.979 151.792 7.473 6.921 115.225 10.755 43.345 61.125 DEPOSITS + CURRENCY SECURITY RP’S MONEY MARKET FUND SHARES TIME + SAVINGS ACCOUNTS LARGE NEGOTIABLE CD’S OTHER AT COMMERCIAL BANKS AT SAVINGS INSTITUTIONS 38 39 40 41 42 43 44 45 46 47 7.324 4. 516 2.808 8.887 5.406 3.481 13.749 10.357 3.392 21.469 17.057 4.412 14.512 10.571 3.941 8.159 1.865 6. 294 12.627 6.435 6.192 16.142 8.841 7.301 26.122 17.829 8.293 22.173 12.887 9.286 48 50.128 63.959 93.673 128.322 146.921 121.096 143.904 171.684 195.860 223.202 49 50 51 17.888 68.779 13.491 29.999 100.614 2.939 30.859 104.807 21.961 11.647 95.522 12.189 16.259 87.861 3.616 28.612 80.001 21.526 22.215 72.202 -2.590 20.781 84.326 10.625 25.381 92.953 40.541 27.542 89.978 44.045 MONEY DEMAND DEPOSITS CURRENCY TOTAL OF CREDIT MARKET INSTRU MENTS, DEPOSITS + CURRENCY PUBLIC HOLDINGS AS S OF TOTAL PVT. FINAN. INTERMEDIATION (S) TOTAL FOREIGN FUNDS 45 46 47 48 49 50 51 CORPORATE EQUITIES NOT INCLUDED ABOVE 1 2 3 10. 139 4.929 5.210 10.515 2.770 7.745 14.971 1.287 13.684 13.268 -529 13.797 9.182 -1.211 10.393 4.124 -712 4.836 10.693 -76 10.769 11.884 -989 12.873 3.988 -930 4.918 3.740 -980 4.720 4 5 12.183 -2.044 11.310 -795 19.251 -4.280 16.443 -3.175 13.088 -3.906 5.805 -1.681 9.554 1.139 12.286 -402 7.436 -3.448 7.551 -3.811 MILLIONS OF DOLLARS TOTAL NET ISSUES MUTUAL FUND SHARES OTHER EQUITIES 1 2 3 ACQ. BY FINANCIAL INSTITUTIONS OTHER NET PURCHASES 4 5 OCTOBER 1979 HOUSEHOLDS 10 HOUSEHOLDS SECTOR STATEMENTS OF SAVING AND INVESTMENT ANNUAL FLOWS, 1949-58 ANNUAL FLOWS* 1949-58 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 HOUSEHOLDS, PERSONAL TRUSTS, AND NONPROFIT ORGANIZATIONS 205.635 18.506 226.102 20.591 253.677 28.921 270.410 34.033 286.146 35.469 288.177 32.504 308.796 35.383 330.903 39.651 349.294 42.379 359.267 42.136 1 2 187.129 180.389 6.740 1.660 20 10.868 205.511 194.673 10.838 1.767 56 14.945 224.756 209.960 14.796 1.643 100 11.292 236.377 220.360 16.017 2.028 80 8.413 250.677 233.700 16.977 1.928 64 9.448 255.673 240.116 15.557 1.607 130 6.913 273.413 258.513 14.900 1.828 222 11.939 291.252 271.590 19.662 2.440 293 8.702 306.915 286.352 20.563 2.197 284 7.550 317.131 295.444 21.687 2.760 316 3.356 3 4 5 6 7 8 9 = NET SAVING 10 + CAPITAL CONSUMPTION 11 = GROSS SAVING 19.288 17.403 36.691 27.606 19.323 46.929 27.831 22.575 50.406 26.538 25.139 51.677 28.417 27.733 56.150 24.207 29.886 54.093 28.889 32.098 60.987 31.097 35.063 66.160 30.594 38.045 68.639 28.119 40.231 68.350 9 10 11 12 GROSS INVESTMENT 13 CAPITAL EXPEND.-NET OF SALES 14 RESIDENTIAL CONSTRUCTION 15 CONSUMER DURABLE GOODS 16 NONPROFIT PLANT + EQUIP. 38.698 37.304 11.245 25.047 1.012 50.185 46.892 14.904 30.754 1.234 57.325 46.489 15.292 29.814 1.383 55.831 45.600 15.160 29.148 1.292 59.346 50.294 16.405 32.499 1.390 57.583 50.579 17.054 31.840 1.685 65.515 61.785 21.438 38.621 1.726 71.837 60.627 20.750 37.887 1.990 73.920 60.182 18.636 39.334 2.212 73.640 57.210 17.981 36.846 2.383 12 13 14 15 16 17 NET FINANCIAL INVESTMENT 18 NET ACQ. OF FINANCIAL ASSETS 1.394 10.014 3.293 16.578 10.836 19.773 10.231 22.892 9.052 22.231 7.004 19.271 3.730 24.583 11.210 27.701 13.738 26.451 16.430 29.526 17 18 DEP. + CR. MKT. INSTR. (1) 2.842 4.698 9.576 13.062 13.036 12.099 17.383 17.673 16.082 17.215 19 20 21 DEPOSITS DEMAND DEP. ♦ CURRENCY 727 -1.870 4.800 2.407 8.892 4.154 9.854 2.050 9.268 1.123 10.895 1.746 9.527 897 11.020 1.636 10.771 -1.151 16.045 2.192 20 21 22 23 24 25 TIME + SAVINGS ACCTS. AT COMMERCIAL BANKS AT SAVINGS INST. MONEY MARKET FUND SHRS 2.597 97 2.500 0 2.393 -7 2.400 0 4.738 1.674 3.064 0 7. 804 2.812 4.992 0 8.145 2.450 5.695 0 9.149 2.587 6.562 0 8.630 1.630 7.000 0 9.384 2.232 7.152 0 11.922 5.170 6.752 0 13.853 5.290 8.563 0 22 23 24 25 26 27 28 29 30 31 CREDIT MKT. INSTRUMENTS U.S. GOVT. SECURITIES ST.+LOC. OBLIGATIONS CORPORATE + FGN. BONDS MORTGAGES OPEN-MARKET PAPER 2.115 1.070 691 -406 713 47 -102 -603 548 -797 668 82 684 -893 338 214 894 131 3.208 476 2.014 -24 696 46 3.766 658 1.829 -98 992 387 1.204 -1.552 2.523 -925 1.133 25 7.856 2.371 3.451 529 1.261 244 6.653 1.756 2.152 1.113 1.584 48 5.311 636 1.690 933 1.938 114 1.170 -3.290 813 1.219 2.565 -137 26 27 28 29 30 31 327 368 239 438 297 1.529 531 1.111 408 566 522 303 780 175 1.049 936 1.070 474 1.596 -49 32 33 2.751 2.837 2.945 3.927 2.728 3.566 2.888 4.768 2.982 4.880 2.702 5.122 2.905 5.627 3.470 6.039 2.738 6.750 3.073 7.305 34 35 1 PERSONAL INCOME 2 - PERSONAL TAXES ♦ NONTAXES 3 4 5 6 7 8 19 = = + + + DISPOSABLE PERSONAL INCOME PERSONAL OUTLAYS PERSONAL SAVING, NIA BASIS CREDITS FROM GOVT. INSURANCE CAPITAL GAINS DIVIDENDS NET DURABLES IN CONSUMPTION 32 33 INVESTMENT COMPANY SHARES OTHER CORPORATE EQUITIES 34 35 LIFE INSURANCE RESERVES PENSION FUND RESERVES 36 37 38 NET INV. IN NONCORP. BUS. SECURITY CREDIT MISCELLANEOUS ASSETS 471 48 370 3.727 269 335 1.571 -78 584 -16 -179 727 -241 -6 606 -2.126 312 337 -2.633 -121 467 -1.769 -17 320 -983 12 308 -152 262 276 36 37 38 39 40 41 42 43 44 45 46 NET INCREASE IN LIABILITIES CREDIT MARKET INSTRUMENTS HOME MORTGAGES OTHER MORTGAGES INSTALMENT CONS. CREDIT OTHER CONSUMER CREOIT BANK LOANS N.E.C. OTHER LOANS 8.620 8.238 4.422 385 2.718 466 48 199 13.285 12.382 6.714 463 3.271 1. 518 226 190 8.937 8.984 6.624 512 717 910 27 194 12.661 12.171 6.212 463 4.250 1.033 76 137 13.179 12.562 7.624 489 3.784 401 36 228 12.267 10.993 8.686 592 637 819 14 245 20.853 19.944 12.161 590 5.378 1.778 -193 230 16.491 16.204 11.233 675 2.902 1.018 89 287 12.713 12.824 8.881 742 2.272 651 -185 463 13.096 11.659 9.463 783 -104 615 436 466 39 40 41 42 43 44 45 46 272 41 69 700 100 103 -126 0 79 176 238 76 463 62 92 1.099 88 87 685 83 141 -43 143 187 -408 123 174 1.157 154 126 47 48 49 -2.007 -3.256 -6.919 -4.154 -3.196 -3.490 -4.528 -5.677 -5.281 -5.290 50 47 48 49 SECURITY CREDIT TRADE DEBT MISCELLANEOUS 50 DISCREPANCY (11 EXCLUDES CORPORATE EQUITIES. MEMORANDA: NET PHYSICAL INVESTMENT: 51 52 53 54 55 56 (A) RESIDENTIAL CONSTRUCTION EXPENDITURES MOBILE HOMES OTHER - CAPITAL CONSUMPTION - HOME MORTGAGES = EXCESS NET INVESTMENT 11.245 97 11.148 2.835 4.422 3.988 14.904 121 14.783 3.100 6.714 5.090 15.292 134 15.158 3.552 6.624 5.116 15.160 215 14.945 3.864 6.212 5.084 16.405 217 16.188 4.108 7.624 4.673 17.054 227 16.827 4.363 8.686 4.005 21.438 356 21.082 4.774 12.161 4.503 20.750 524 20.226 5.145 11.233 4.372 18.636 545 18.091 5.455 8.881 4.300 17.981 500 17.481 5.906 9.463 2.612 51 52 53 54 55 56 57 58 59 (BJ CONSUMER DURABLES EXPENDITURES - CAPITAL CONSUMPTION = NET INVESTMENT 25.047 14.179 10.868 30.754 15.809 14.945 29.814 18.522 11.292 29.148 20.735 8.413 32.499 23.051 9.448 31.840 24.927 6.913 38.621 26.682 11.939 37.887 29.185 8.702 39.334 31.784 7.550 36.846 33.490 3.356 57 58 59 60 61 - CONSUMER CREDIT = EXCESS NET INVESTMENT 3.184 7.684 4.789 10.156 1.627 9.665 5.283 3.130 4.185 5.263 1.456 5.457 7.156 4.783 3.920 4.782 2.923 4.627 511 2.845 60 61 62 63 64 65 (C) NONPROFIT PLANT + EQUIP. EXPENDITURES - CAPITAL CONSUMPTION - NONPROFIT MORTGAGES = EXCESS NET INVESTMENT 1.012 389 385 238 1.234 414 463 357 1.383 501 512 370 1.292 540 463 289 1.390 574 489 327 1.685 596 592 497 1.726 642 590 494 1.990 733 675 582 2.212 806 742 664 2.383 835 783 765 62 63 64 65 8.999 3.601 9.106 5.273 11.400 6.583 12.585 6.776 12.395 6.772 11.279 6.084 11.458 5.449 11.982 6.750 12.132 6.699 11.728 6.838 66 67 (2) : 19.432 22.634 22.254 21.668 22.222 21.014 22.139 22.504 22.184 21.345 68 19.757 5.303 4.565 4.363 22.616 7.995 6.407 5.972 20.525 8.729 3.945 3.966 19.120 9.598 5.308 5.103 19.905 8.798 5.215 4.971 19.649 7.486 4.765 4.270 22.429 8.924 7.570 7.240 20.622 9.422 5.609 5.511 19.451 8.549 4.108 4.144 17.866 9.220 4.089 3.641 69 70 71 72 73 (2) DISPOSABLE INCOME ADJ. 188.809 207.334 226.499 238.485 252.669 (NIA DISPOSABLE INCOME + GOVT. INSURANCE CREDITS + CAPITAL GAINS DIVID.J 257.410 275.463 293.985 309.396 320.207 73 PER CENT RATIOS: 66 EFFECTIVE TAX RATE 67 SAVING RATE, NIA BASIS PER CENT OF DISPOSABLE INCOME ADJ. 68 GROSS SAVING 69 70 71 72 CAPITAL EXPENDITURES ACQUISITION OF FINAN. ASSETS NET INCREASE IN LIABILITIES CREDIT MARKET BORROWING MILLIONS OF DOLLARS OCTOBER 1979 HOUSEHOLDS HOUSEHOLDS 11 SECTOR STATEMENTS OF SAVING AND INVESTMENT ANNUAL FLOWS, ANNUAL FLOWS, 1959-68 1959 1960 1961 1962 1963 1964 1965 1966 1967 1959-68 1968 HOUSEHOLDS, PERSONAL TRUSTS, AND NONPROFIT ORGANIZATIONS 1 2 1 2 382.097 45.980 399.724 50.354 414.967 52.066 440.716 56.835 463.085 60.320 495.651 58.618 537.031 64.874 584.875 74.477 626.626 82.078 685.220 97.082 PERSONAL INCOME - PERSONAL TAXES + NONTAXES 3 4 5 6 7 8 336.117 317.307 18.810 2.919 427 6.941 349.370 332.304 17.066 3.160 416 6.650 362.901 342.730 20.171 3.390 499 4.098 383.881 363.486 20.395 3.474 502 8.232 402.765 383.971 18.794 3.852 472 11.808 437.033 410.901 26.132 4.393 556 15.077 472.157 441.881 30.276 4.743 939 20.245 510.398 477.398 33.000 5.586 1.318 22.789 544.548 503.679 40.869 5.488 1.690 20.935 588.138 550.067 38.071 6.142 2.458 26.251 = = + + + 9 10 11 29.097 42.782 71.879 27.292 44.184 71.476 28.158 45.559 73.717 32.603 46.924 79.527 34.926 48.482 83.408 46.158 50.605 96.763 56.203 52.360 108.563 62.693 55.168 117.861 68.982 59.582 128.564 72.922 66.030 138.952 = NET SAVING + CAPITAL CONSUMPTION = GROSS SAVING 9 10 11 12 13 14 15 16 78.402 67.164 22.291 42.436 2.437 79.873 66.836 21.080 43.109 2.647 79.698 63.494 19.093 41.573 2.828 87.289 70.115 20.191 46.703 3.221 93.809 75.790 21.077 51.432 3.281 106.321 81.794 21.997 56.320 3.477 116.143 88.633 21.899 62.786 3.948 127.201 93.204 21.380 67.663 4.161 137.238 93.801 20.100 69.646 4.055 148.302 108.952 24.733 79.995 4.224 GROSS INVESTMENT CAPITAL EXPEND.-NET OF SALES RESIDENTIAL CONSTRUCTION CONSUMER DURABLE GOODS NONPROFIT PLANT + EQUIP. 12 13 14 15 16 17 18 11.238 34.382 13.037 30.829 16.204 34.423 17.174 39.425 18.019 47.212 24.527 54.386 27.510 58.822 33.997 58.065 43.437 69.090 39.350 75.863 NET FINANCIAL INVESTMENT 17 NET ACQ. OF FINANCIAL ASSETS 18 DEP. + CR. MKT. INSTR. (1) DISPOSABLE PERSONAL INCOME PERSONAL OUTLAYS PERSONAL SAVING, NIA BASIS CREDITS FROM GOVT. INSURANCE CAPITAL GAINS DIVIDENDS NET DURABLES IN CONSUMPTION 3 4 5 6 7 8 19 25.359 21.278 22.397 28.741 34.708 38.144 40.854 37.455 51.221 57.356 20 21 13.559 2.463 13.716 1.666 17.262 -1.027 24.819 -1.318 30.619 4.368 31.122 5.039 35.269 7.439 21.394 2.370 45.050 9.750 41.971 10.883 22 23 24 25 11.096 2. 793 8.303 0 12.050 2.579 9.471 0 18.289 7.266 11.023 0 26.137 13.200 12.937 0 26.251 11.202 15.049 0 26.083 10.391 15.692 0 27.830 14.759 13.071 0 19.024 11.847 7.177 0 35.300 18.687 16.613 0 31.088 18.125 12.963 0 TIME + SAVINGS ACCTS. AT COMMERCIAL BANKS AT SAVINGS INST. MONEY MARKET FUND SHRS 22 23 24 25 26 27 28 29 30 31 11.800 5.939 4. 184 448 2.097 -868 7.562 -255 2.615 695 2.767 1.740 5.135 638 1.206 -141 3.236 196 3.922 2.264 -512 -480 2.104 546 4.089 711 490 170 1.484 1.234 7.022 2.487 2.641 -503 1.497 900 5.585 2.079 1.785 482 43 9 800 16.061 7.633 4.031 1.332 2.040 1.025 6.171 1.647 -2.334 3.877 2.055 926 15.385 6.280 -541 4.294 2.841 2.511 CREDIT MKT. INSTRUMENTS U.S. GOVT. SECURITIES ST.+LOC. OBLIGATIONS CORPORATE + FGN. BONDS MORTGAGES OPEN-MARKET PAPER 26 27 28 29 30 31 32 33 1.777 -1.158 1.444 -1.967 2.170 -1.846 1.721 -3.752 1.454 -4.005 2.046 -2.177 3.272 -5.328 3.722 -4.356 3.036 -7.208 5.907 -12.336 34 35 3.421 8.448 3.228 8.320 3.447 8.636 3.767 8.905 4.237 9.649 4.416 11.707 4.825 12.095 4.694 14.478 5.063 13.577 4.621 15.134 36 37 38 -3.802 -167 504 -2.098 148 476 -965 55 529 -466 34 475 644 -4 529 -577 -53 880 967 864 1.273 659 197 1.216 -277 2.213 1.465 39 40 41 42 43 44 45 46 23.144 22.615 12.837 778 5.784 2.255 349 612 17.792 17.725 11.691 830 3.928 435 22 819 18.219 16.600 12.195 869 976 1.555 280 725 22.251 22.068 14.148 987 4.967 1.315 -116 767 29.193 26.885 16.249 969 6.835 2.053 116 663 29.859 29.610 17.475 1.001 7.743 2.043 600 748 31.312 30.083 17.012 1.138 8.309 2.307 502 815 24.068 23.506 13.806 1.166 5.458 1.084 21 1.971 47 48 49 14 297 218 -138 13 192 1.338 148 133 -126 154 155 1.957 165 186 -205 268 186 736 229 264 50 -6.523 -8.397 -5.981 -7.762 -10.401 -9.558 -7.580 19 DEPOSITS 20 DEMAND DEP. + CURRENCY 21 INVESTMENT COMPANY SHARES OTHER CORPORATE EQUITIES 32 33 LIFE INSURANCE RESERVES PENSION FUND RESERVES 34 35 1 .288 2.096 1.797 NET INV. IN NONCORP. BUS. SECURITY CREDIT MISCELLANEOUS ASSETS 36 37 38 25.653 21.341 12.529 1.064 3.809 1.872 746 1.321 36.513 32.786 17.058 1.075 8.533 2.986 1.417 1.717 NET INCREASE IN LIABILITIES CREDIT MARKET INSTRUMENTS HOME MORTGAGES OTHER MORTGAGES INSTALMENT CONS. CREDIT OTHER CONSUMER CREDIT BANK LOANS N.E.C. OTHER LOANS 39 40 41 42 43 44 45 46 -73 279 356 3.684 340 288 2.918 454 355 -9.340 -8.674 -9.350 SECURITY CREDIT TRADE DEBT MISCELLANEOUS DISCREPANCY 47 48 49 50 (1) EXCLUDES CORPORATE EQUITIES. 51 52 53 54 55 56 22.291 542 21.749 6.403 12.837 3.051 21.080 512 20.568 6.788 11.691 2.601 19.093 498 18.595 7.084 12.195 -186 20.191 548 19.643 7.383 14.148 -1.340 21.077 622 20.455 7.695 16.249 -2.867 21.997 831 21.166 8.112 17.475 -3.590 21.899 998 20.901 8.457 17.012 -3.570 21.380 1.056 20.324 8.790 13.806 -1.216 20.100 1.180 18.920 9.206 12.529 -1.635 24.733 1.674 23.059 10.478 17.058 -2.803 MEMORANDA: NET PHYSICAL INVESTMENT: (A) RESIDENTIAL CONSTRUCTION EXPENDITURES MOBILE HOMES OTHER - CAPITAL CONSUMPTION - HOME MORTGAGES = EXCESS NET INVESTMENT 57 58 59 42.436 35.495 6. 941 43.109 36.459 6.650 41.573 37.475 4.098 46.703 38.471 8.232 51.432 39.624 11.808 56.320 41.243 15.077 62.786 42.541 20.245 67.663 44.874 22.789 69.646 48.711 20.935 79.995 53.744 26.251 (B) CONSUMER DURABLES EXPENDITURES - CAPITAL CONSUMPTION = NET INVESTMENT 60 61 8.039 -1.098 4.363 2.287 2.531 1.567 6.282 1.950 8.888 2.920 9.786 5.291 10.616 9.629 6.542 16.247 5.681 15.254 11.519 14.732 - CONSUMER CREDIT = EXCESS NET INVESTMENT 60 61 62 63 64 65 2.437 884 778 775 2.647 937 830 880 2.828 1.000 869 959 3.221 1.070 987 1.164 3.281 1.163 969 1.149 3.477 1.250 1.001 1.226 3.948 1.362 1.138 1.448 4.161 1.504 1.166 1.491 4.055 1.665 1.064 1.326 4.224 1 .808 1.075 1.341 tC) NONPROFIT PLANT + EQUIP. EXPENDITURES - CAPITAL CONSUMPTION - NONPROFIT MORTGAGES = EXCESS NET INVESTMENT 62 63 64 65 66 67 12.033 5. 596 12.597 4.884 12.547 5.558 12.896 5.312 13.025 4.666 11.826 5.979 12.080 6.412 12.733 6.465 13.098 7.505 14.168 6.473 PER CENT RATIOS: EFFECTIVE TAX RATE SAVING RATE, NIA BASIS 66 67 68 21.174 20.251 20.097 20.504 20.488 21.892 22.719 22.783 23.302 69 70 71 72 19.785 10.128 6.817 6.661 18.936 8.734 5.040 5.022 17.310 9.384 4.967 4.525 18.077 10.164 5.736 5.689 18.617 11.597 7. 171 6.604 18.506 12.305 6.755 6.699 18.548 12.309 6.552 6.295 18.017 11.224 4.652 4.543 17.001 12.522 4.649 3.868 73 339.463 352.946 366.790 387. 857 407.089 MILLIONS OF DOLLARS PER CENT OF DISPOSABLE INCOME ADJ. (2): 23.285 gross SAVING 18.257 12.712 6.118 5.494 CAPITAL EXPENDITURES ACQUISITION OF FINAN. ASSETS NET INCREASE IN LIABILITIES CREDIT MARKET BORROWING 51 52 53 54 55 56 57 58 59 68 69 70 71 72 551.726 596.738 441.982 477.839 517.302 (2) DISPOSABLE INCOME ADJ. 73 (NIA DISPOSABLE INCOME + GOVT. INSURANCE CREDITS + CAPITAL GAINS DIVID.) OCTOBER 1979 HOUSEHOLDS HOUSEHOLDS SECTOR STATEMENTS OF SAVING AND INVESTMENT 12 ANNUAL FLOWS, 1969-78 ANNUAL FLOWS, 1969-78 1969 1970 1971 1972 1973 1974 1975 1977 1976 1978 HOUSEHOLDS, PERSONAL TRUSTS, AND NONPROFIT ORGANIZATIONS 745.827 115.400 801.271 115.336 859.092 116.281 942.536 1052.440 1154.936 12?5.485 1381.611 1531.575 1717.400 141.237 150.777 170.309 168.828 197.099 226.444 259.012 1 2 630.427 595.318 35.109 7.073 2.536 26.230 685.935 635.361 50.574 8.880 923 20.197 742.811 685.475 57.336 9.468 776 26.237 801.299 751.929 49.370 11.636 1.420 35.134 901.663 831.339 70.324 11.790 944 41.131 984.627 1086.657 1184.512 1305.131 1458.388 912.974 1003.011 1115.929 1240.172 1386.363 71.653 83.646 68.583 64.959 72.025 27.077 17.851 12.551 15.103 22.364 485 219 470 636 711 57.459 28.639 40.551 50.882 26.638 3 4 5 6 7 8 9 = NET SAVING 10 + CAPITAL CONSUMPTION 11 = GROSS SAVING 70.948 73.383 144.331 80.574 79.898 160.472 93.817 87.104 180.921 97.560 93.611 191.171 124.189 102.779 226.968 113.328 116.844 230.172 125.606 132.639 258.245 127.455 145.802 273.257 138.841 161.046 299.887 157.272 181.036 338.308 9 10 11 12 GROSS INVESTMENT CAPITAL EXPEND.-NET OF SALES 13 14 RESIDENTIAL CONSTRUCTION CONSUMER DURABLE GOODS 15 NONPROFIT PLANT + EQUIP. 16 147.122 116.465 26.292 85.478 4.695 166.056 114.246 24.490 84.931 4.825 165.889 134.662 32.441 97.087 5.134 209.877 157.497 40.715 111.241 5.541 240.834 174.147 45.227 123.714 5.206 245.956 170.269 42.885 122.001 5.383 282.654 181.007 42.968 132.639 5.400 310.921 220.482 57.455 157.396 5.631 334.633 260.805 76.326 178.835 5.644 380.100 298.236 92.021 200.300 5.915 12 13 14 15 16 17 NET FINANCIAL INVESTMENT 18 NET ACQ. OF FINANCIAL ASSETS 30.657 62.700 51.810 76.217 51.227 99.632 52.380 123.164 66.687 143.397 75.687 126.796 101.647 153.828 90.439 187.743 73.828 219.104 81.864 248.257 17 18 1 PERSONAL INCOME 2 - PERSONAL TAXES + NONTAXES 3 4 5 6 7 8 = = + + + DISPOSABLE PERSONAL INCOME PERSONAL OUTLAYS PERSONAL SAVING, NIA BASIS CREDITS FROM GOVT. INSURANCE CAPITAL GAINS DIVIDENDS NET DURABLES IN CONSUMPTION 19 DEP. ♦ CR. MKT. INSTR. (1) 44.712 52.639 76.004 99.690 116.332 104.340 119.876 146.937 168.588 188.348 19 20 21 DEPOSITS DEMAND DEP. + CURRENCY 6.522 -2.572 52.370 8.785 79.820 12.050 88.110 13.660 77.677 13.894 65.532 7.249 89.295 3.934 124.229 14.942 132.002 22.599 130.333 18.230 20 21 22 23 24 25 TIME + SAVINGS ACCTS. AT COMMERCIAL BANKS AT SAVINGS INST. MONEY MARKET FUND SHRS 9.094 726 8.368 0 43.585 26.955 16.630 0 67.770 28.148 39.622 0 74.450 29.018 45.432 0 63.783 35.310 28.473 0 55.904 34.140 21.764 2.379 84.044 24.600 59.444 1.317 109.297 40.195 69.102 -10 109.202 40.223 68.979 201 105.182 44.057 61.125 6.921 22 23 24 25 26 27 28 29 30 31 CREDIT MKT. INSTRUMENTS U.S. GOVT. SECURITIES ST.+LOC. OBLIGATIONS CORPORATE + FGN. BONDS MORTGAGES OPEN-MARKET PAPER 38.190 15.977 9.287 5.361 2.222 5.343 269 -6.351 -852 9.466 1.771 -3.765 -3.816 -10.188 97 8.787 1.310 -3.822 11.580 -400 2.255 4.971 6.413 -1.659 38.655 18.781 5.285 2.028 3.434 9.127 38.808 19.421 8.302 5.113 4.263 1.709 30.581 16.778 6.201 8.350 3.698 -4.446 22.708 9.517 2.534 5.791 7.995 -3.129 36.586 15.716 2.607 -3.282 11.916 9.629 58.015 27.020 3.312 -1.366 14.470 14.579 26 27 28 29 30 31 32 33 INVESTMENT COMPANY SHARES OTHER CORPORATE EQUITIES 4.929 -8.538 2.770 -4. 262 1.287 -6.403 -529 -5.080 -1.211 -5.458 -712 -1.508 -76 -3.452 -989 -2.166 -930 -5.193 -980 -5.239 32 33 34 35 LIFE INSURANCE RESERVES PENSION FUND RESERVES 4.978 16.529 5.465 18.446 6.348 21.100 6.857 22.557 7.589 25.384 6.679 29.563 8.661 34.865 8.396 44.239 11.617 53.701 12.016 65.838 34 35 36 37 38 NET INV. IN NONCORP. BUS. SECURITY CREDIT MISCELLANEOUS ASSETS -210 -1.818 2.118 -558 -867 2.584 -1.540 532 2.304 -3.135 136 2.668 -1.888 -156 2.805 -13.269 -975 2.678 -10.373 577 3.750 -15.584 1.458 5.452 -16.662 1.044 6.939 -20.759 1.437 7.596 36 37 38 39 40 41 42 43 44 45 46 NET INCREASE IN LIABILITIES CREDIT MARKET INSTRUMENTS HOME MORTGAGES OTHER MORTGAGES INSTALMENT CONS. CREDIT OTHER CONSUMER CREDIT BANK LOANS N.E.C. OTHER LOANS 32.043 34.499 18.543 1.183 9.480 1.313 996 2.984 24.407 25.173 14.135 1.158 4.367 1.004 1.908 2.601 48.405 44.879 26.398 1.209 11.077 3.605 1.217 1.373 70.784 65.094 41.523 1.296 14.918 4.926 1.096 1.335 76.710 80.057 47.109 1.093 21.935 4.087 3.402 2.431 51.109 51.269 35.397 1.096 9.486 444 1.636 3.210 52.181 49.699 38.069 1.039 7.759 1.915 -1.243 2.160 97.304 90.513 61.270 1.064 21.639 3.937 761 1.842 145.276 139.927 93.191 1.047 34.337 6.220 2.802 2.330 166.393 162.623 103.827 1.016 44.811 5.768 3.393 3.808 39 40 41 42 43 44 45 46 -3.402 560 386 -1.780 584 430 2.666 542 318 4.469 681 540 -4.337 590 400 -1.806 936 710 726 1.098 658 4.769 1.391 631 3.107 1.333 909 1.355 1.350 1.065 47 48 49 -2.791 -5.584 -4.968 -18.706 -13.866 -15.784 -24.409 -37.664 -34.746 -41.792 50 51 52 53 54 55 56 MEMORANDA: NET PHYSICAL INVESTMENT: (A) RESIDENTIAL CONSTRUCTION EXPENDITURES MOBILE HOMES OTHER - CAPITAL CONSUMPTION - HOME MORTGAGES = EXCESS NET INVESTMENT 26.292 2.308 23.984 12.056 18.543 -4.307 24.490 2.469 22.021 12.833 14.135 -2.478 32.441 3.274 29.167 13.685 26.398 -7.642 40.715 4.049 36.666 14.717 41.523 -15.525 45.227 4.391 40.836 17.068 47.109 -18.950 42.885 3.181 39.704 19.768 35.397 -12.280 42.968 2.374 40.594 22.167 38.069 -17.268 57.455 3.087 54.368 24.391 61.270 -28.206 76.326 4.033 72.293 28.244 93.191 -45.109 92.021 4.661 87.360 32.839 103.827 -44.645 51 52 53 54 55 56 57 58 59 (B) CONSUMER DURABLES EXPENDITURES - CAPITAL CONSUMPTION = NET INVESTMENT 85.478 59.248 26.230 84.931 64.734 20.197 97.087 70.850 26.237 111.241 76.107 35.134 123.714 82.583 41.131 122.001 93.362 28.639 132.639 106.001 26.638 157.396 116.845 40.551 178.835 127.953 50.882 200.300 142.841 57.459 57 58 59 47 48 49 SECURITY CREDIT TRADE DEBT MISCELLANEOUS 50 DISCREPANCY (1) EXCLUDES CORPORATE EQUITIES. 60 61 - CONSUMER CREDIT = EXCESS NET INVESTMENT 10.793 15.437 5.371 14.826 14.682 11.555 19.844 15.290 26.022 15.109 9.930 18.709 9.674 16.964 25.576 14.975 40.557 10.325 50.579 6.880 60 61 62 63 64 65 (CI NONPROFIT PLANT + EQUIP. EXPENDITURES - CAPITAL CONSUMPTION - NONPROFIT MORTGAGES = EXCESS NET INVESTMENT 4.695 2.079 1.183 1.433 4. 825 2.331 1.158 1.336 5.134 2.569 1.209 1.356 5.541 2.787 1.296 1.458 5.206 3.128 1.093 985 5.383 3.714 1.096 573 5.400 4.471 1.039 -110 5.631 4. 566 1.064 1 5.644 4.849 1.047 -252 5.915 5.356 1.016 -457 62 63 64 65 15.472 5.569 14.394 7.372 13.535 7.718 14.984 6.161 14.326 7.799 14.746 7.277 13.447 7.697 14.265 5.789 14.785 4.977 15.081 4.938 66 67 PER CENT OF DISPOSABLE INCOME ADJ. (2): 68 GROSS SAVING 22.550 23.065 24.024 23.475 24.821 23.071 23.434 22.717 22.579 22.763 68 18.196 9.796 5.006 5.390 16.420 10.954 3.508 3.618 17.882 13.230 6.42 7 5.959 19.340 15.124 8.692 7.993 19.045 15.682 8.389 8.755 17.066 12.709 5.122 5.138 16.425 13.959 4.735 4.509 18.330 15.608 8.089 7. 524 19.636 16.497 10.938 10.535 20.067 16.704 11.196 10.942 69 70 71 72 997.663 1101.979 1202.833 1328.131 1486.176 73 PER CENT RATIOS: 66 EFFECTIVE TAX RATE 67 SAVING RATE, NIA BASIS 69 70 71 72 CAPITAL EXPENDITURES ACQUISITION OF FINAN. ASSETS NET INCREASE IN LIABILITIES CREDIT MARKET BORROWING 73 (2) DISPOSABLE INCOME ADJ. 640.036 695.738 753.055 814.355 914.397 (NIA DISPOSABLE INCOME + GOVT. INSURANCE CREDITS + CAPITAL GAINS DI VID.) MILLIONS OF DOLLARS OCTOBER 1979 TOTAL + NONCORP BUSINESS TOTAL + NONCORP BUSINESS 13 SECTOR STATEMENTS OF SAVING AND INVESTMENT ANNUAL FLOWS, 1949-58 1949 1950 ANNUAL FLOWS, 1949-58 1951 1952 1953 NONFINANCIAL 1954 1955 1956 1957 1958 BUSINESS - TOTAL 1 2 65.064 26.290 81.218 25.436 86.620 28.410 81.632 30.436 81.372 30.837 78.039 33.488 89.745 39.193 90.902 39.752 90.595 41.996 87.198 41.593 INCOME BEFORE TAXES GROSS SAVING 3 4 5 6 7 8 9 10 24.435 22.663 25.738 22.914 683 2. 141 -3.075 0 23.502 37.283 30.494 25.509 1.778 3.207 6.789 0 29.715 42.074 31.778 29.326 656 1.796 10.296 0 30.357 35.101 31.968 29.354 1.324 1.290 3.133 0 31.294 35.122 34.675 32.479 666 1.530 447 0 32.095 33.323 34.866 31.640 1.524 1.702 -1.543 0 36.374 44.466 38.513 35.844 994 1.675 5.953 0 36.841 47.530 42.835 40.978 128 1.729 4.695 0 39.141 47.477 46.142 43.599 386 2.157 1.335 0 39.056 40.686 42.177 38.370 1.030 2.777 -1.491 0 GROSS INVESTMENT 3 4 CAPITAL EXPENDITURES FIXED INVESTMENT 5 BUSINESS PLANT + EQUIPMENT 6 HOME CONSTRUCTION (1) 7 MULTI-FAMILY RESIDENTIAL 8 CHANGE IN INVENTORIES 9 MINERAL RIGHTS FROM U.S.GOVT 10 11 12 13 14 15 16 17 18 19 1.772 3.882 2.110 1.212 2.821 2.903 1.629 -1.920 209 -13.781 17.224 31.005 1.288 9.864 1.624 2.916 4.676 648 -12.359 8.328 20.687 2.107 10.933 3.295 2.280 4.573 785 -4.744 4.875 9.619 2.320 9.054 4.684 2.311 1.274 785 -3.828 2.610 6.438 1.766 4.320 3.356 1.737 -1.089 316 -1.228 5.643 6.871 1.583 6.451 3.479 2.856 -405 521 -8.092 17.306 25.398 1.719 11.629 2.836 3.347 4.953 493 -10.689 4.695 15.384 2.250 12.530 3.615 2.677 5.625 613 -8.336 5.420 13.756 2.441 11.807 6.317 2.475 1.678 1.337 -1.630 12.742 14.372 1.968 11.297 5.683 4.697 235 682 NET FINANCIAL INVESTMENT NET ACQ. OF FINANCIAL ASSETS NET INCREASE IN LIABILITIES CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS BONDS MORTGAGES BANK LOANS N.E.C. OTHER LOANS 20 21 -70 -1.853 8.532 11.321 1.316 6.331 1.382 -3.137 -164 516 4.122 -5.285 10.389 1.661 4.124 -3.520 2.467 -2.959 3.754 -2.647 22 1.855 1.934 -1.305 79 -457 1.393 2.819 2.911 2.855 2.537 TRADE OEBT OTHER LIABILITIES DISCREPANCY 1 2 11 12 13 14 15 16 17 18 19 20 21 22 FARM BUSINESS 1 2 3 4 5 6 12.659 22 2.220 37 2. 183 2.242 13.473 31 2.511 43 2.468 2.542 15.784 -2 2.958 49 2.909 2.956 14.896 -31 3.143 56 3.087 3.112 12.940 -58 3.261 69 3.192 3.203 12.300 -25 3.377 81 3.296 3.352 11.259 -49 3.482 91 3.391 3.433 11.205 -61 3.519 104 3.415 3.458 11.043 -69 3.691 115 3.576 3.622 13.102 -57 3.790 130 3.660 3.733 7 8 9 10 11 2.242 3.627 3.656 837 -866 2.542 5.248 3.674 785 789 2.956 5.793 3.738 816 1.239 3.112 5.190 3.436 767 987 3.203 3.799 3.655 765 -621 3.352 4.487 3.190 711 586 3.433 4.347 3.246 634 467 3.458 3.317 2.997 700 -380 3.622 4.358 3.143 681 534 3.733 5.196 3.698 650 848 12 13 14 15 16 17 -1.385 -424 -500 76 74 2 -2.706 33 0 33 31 2 -2.837 259 200 59 56 3 -2.078 -13 -100 87 83 4 -596 -23 -100 77 71 6 -1.135 -27 -100 73 68 5 -914 108 0 108 97 11 141 -121 -200 79 66 13 -736 -33 -100 67 56 11 -1.463 366 300 66 56 10 18 19 20 21 22 23 24 961 392 291 103 -2 -15 13 2.739 1.058 492 475 91 16 75 3.096 1.287 580 596 111 -45 156 2.065 790 585 173 32 14 18 573 -100 501 -581 -20 232 -252 1.108 772 509 150 113 63 50 1.022 1.442 776 572 94 66 28 -262 858 813 -59 104 50 54 703 1.057 562 384 111 -74 185 25 26 194 375 283 1.398 436 1.373 145 1.130 -217 890 101 235 181 -601 66 -1.186 NET INCOME NET SAVING CAPITAL CONSUMPTION CORPORATE NONCORPORATE CURRENT SURP. « GROSS SAVING 1 2 3 4 5 6 GRQSS INVESTMENT CAPITAL EXPENDITURES PLANT + EQUIPMENT RESIDENTIAL CONSTRUCTION CHANGE IN INVENTORIES 7 8 9 10 11 NET FINANCIAL INVESTMENT NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY MISCELLANEOUS ASSETS INSURANCE RECEIVABLES EQ. IN SPONS. AGS. <2> 12 13 14 15 16 17 1.829 1.364 712 413 239 15 224 NET INCREASE IN LIABILITIES CREDIT MARKET INSTRUMENTS MORTGAGES BANK LOANS N.E.C. OTHER LOANS U.S. GOVERNMENT FICB 18 19 20 21 22 23 24 235 -589 440 25 TRADE DEBT PROPRIETOR NET INVESTMENT 25 26 NONFARM NONCORPORATE BUSINESS 1 27.580 29.453 31.845 33.046 33.585 33.728 36.490 37.929 39.783 40.446 NET INCOME 1 2 3 4. 754 4.754 5.070 5.070 5.743 5.743 6.163 6.161 6.491 6.492 6.686 6.686 6.958 6.957 7.635 7.633 7.975 7.974 8.258 8.262 CAPITAL CONSUMPTION CURRENT SURP. * GROSS SAVING 2 3 4 5 6 7 8 9 10 4. 754 4.677 5. 165 3.612 -77 1.630 -488 5.070 8.482 7.305 4.480 497 2.328 1.177 5.743 6.448 5.943 4.704 -80 1.319 505 6.161 5.393 5.478 4.428 278 772 -85 6.492 5.892 5.636 4.935 -49 750 256 6.686 5.996 6.198 4.905 407 886 -202 6.957 7.443 6.884 5.917 180 787 559 7.633 7.095 6.904 6.552 -286 638 191 7.974 7.960 7.741 6.871 -148 1.018 219 8.262 7.563 7.365 5.816 191 1.358 198 GROSS INVESTMENT CAPITAL EXPENDITURES FIXED CAPITAL PLANT + EQUIPMENT HOME CONSTRUCTION (1) MULTI-FAMILY RESIDENTIAL CHANGE IN INVENTORIES 4 5 6 7 8 9 10 11 12 13 14 15 16 17 77 790 366 324 100 99 1 -3.412 838 223 525 90 89 1 -705 682 239 292 151 149 2 768 312 -348 456 204 203 1 6 00 335 -52 197 190 189 1 690 806 530 81 195 194 1 -486 677 293 234 150 149 1 538 854 349 375 130 130 0 14 1.234 807 254 173 168 5 699 1.584 1.285 176 123 117 6 NET FINANCIAL INVESTMENT NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY CONSUMER CREDIT MISCELLANEOUS ASSETS INSURANCE RECEIVABLES EQ. IN SPONS. AGS. (2) 11 12 13 14 15 16 17 18 19 20 21 22 23 713 538 552 -62 584 30 4.250 2.007 1. 150 397 737 16 1.387 1.255 656 -64 671 49 -456 1.088 691 223 423 45 -265 537 350 -40 323 67 116 811 715 325 275 115 1.163 1.744 706 144 416 146 316 1.115 237 -228 290 175 1.220 942 280 -117 228 169 885 1.424 1.130 151 762 217 NET INCREASE IN LIABILITIES CREDIT MARKET INSTRUMENTS MORTGAGES HOME MORTGAGES MULTI-FAMILY COMMERCIAL 16 19 20 21 22 23 24 25 -223 209 429 428 238 361 220 177 65 122 43 53 564 474 594 284 69 593 159 135 26 27 79 96 -86 2.329 -66 198 -398 -1.146 329 -1.131 1.666 -2.361 1.451 -2.032 -216 -583 672 -394 -362 -177 BANK LOANS N.E.C. OTHER LOANS TRADE DEBT, NET PROPRIETOR NET INVESTMENT (1) FARM PLUS NONFARM CHANGE IN WORK IN PROCESS. (2) SHARES IN FICB'S, BANKS FOR COOPS, AND LAND BANKS. MILLIONS OF DOLLARS 24 25 26 27 OCTOBER 1979 TOTAL + NONCORP BUSINESS TOTAL + NONCORP BUSINESS SECTOR STATEMENTS OF SAVING AND INVESTMENT 14 ANNUAL FLOWS, ANNUAL FLOWS, 1959-68 1959 1960 1961 1962 1963 NONFINANCIAL 1964 1965 1959-68 1966 1967 1968 BUSINESS - TOTAL 96.373 47.395 92.431 47.236 93.573 47.965 99.447 54.480 105.178 57.560 113.711 63.728 128.229 70.318 137.228 75.490 134.338 77.194 143.312 79.676 1 2 3 GROSS INVESTMENT 4 CAPITAL EXPENDITURES FIXED INVESTMENT 5 6 BUSINESS PLANT + EQUIPMENT 7 HOME CONSTRUCTION (1) 8 MULTI-FAMILY RESIDENTIAL 9 CHANGE IN INVENTORIES 10 MINERAL RIGHTS FROM U.S.GOVT 43.909 51.801 46.574 41.837 921 3.816 5.227 0 40.225 51.910 48.151 44.249 -36 3.938 3.759 0 43.884 51.386 49.194 43.240 996 4.958 2. 192 0 50.567 60.794 54.289 47.045 609 6.635 6.505 0 50.623 64.500 58.537 48.969 1.048 8.520 5.963 0 55.209 69.845 64.047 54.893 395 8.759 5.798 0 61.359 84.863 75.344 65.999 797 8.548 9.519 0 69.154 97.406 83.086 75.726 -300 7.660 14.320 0 70.770 95.079 84.980 76.433 1.819 6.728 10.099 0 70.434 101.508 92.473 82.775 900 8.798 7.705 1.330 3 4 5 6 7 8 9 10 11 NET FINANCIAL INVESTMENT 12 NET ACQ. OF FINANCIAL ASSETS 13 NET INCREASE IN LIABILITIES CORPORATE EQUITIES 14 CREDIT MARKET INSTRUMENTS 15 16 BONDS 17 MORTGAGES 18 BANK LOANS N.E.C. 19 OTHER LOANS -7.892 13.385 21.277 2.078 14.384 2.955 5.304 4.618 1.507 -11.685 2. 193 13.878 1.365 13.304 3.456 4.266 2.767 2.815 -7.502 13.729 21.231 2.121 14.247 4.640 7.041 1.562 1.004 -10.227 11.836 22.063 369 17.942 4.550 7.889 4.559 944 -13.877 14.855 28.732 -341 19.630 3.913 9.291 4.725 1.701 -14.636 14.493 29.129 1.145 21.555 3.994 9.244 5.587 2.730 -23.504 21.403 44.907 -28 29.693 5.392 9.288 12.394 2.619 -28.252 15.775 44.027 1.259 32.906 10.224 8.726 10.587 3.369 -24.309 15.597 39.906 2.397 35.537 14.658 10.084 8.072 2.723 -31.074 29.783 60.857 -159 39.943 12.893 11.303 11.277 4.470 11 12 13 14 15 16 17 18 19 20 21 5.940 -1.125 3.368 -4.159 4.373 490 3.141 611 7.237 2.206 6.480 -51 12.056 3.186 8.913 949 6.719 -4.747 16.606 4.467 20 21 3.486 7.011 4.081 3.913 6.937 8.519 8.959 6.336 6.424 9.242 22 1 INCOME BEFORE TAXES 2 GROSS SAVING TRADE DEBT OTHER LIABILITIES 22 DISCREPANCY FARM BUSINESS 1 2 3 4 5 6 NET INCOME NET SAVING CAPITAL CONSUMPTION CORPORATE NONCORPORATE CURRENT SURP. = GROSS SAVING 7 GROSS INVESTMENT 8 CAPITAL EXPENDITURES 9 PLANT + EQUIPMENT 10 RESIDENTIAL CONSTRUCTION 11 CHANGE IN INVENTORIES 12 NET FINANCIAL INVESTMENT 13 NET ACQ. OF FINANCIAL ASSETS 14 DEMAND DEPOSITS + CURRENCY 15 MISCELLANEOUS ASSETS 16 INSURANCE RECEIVABLES 17 EQ. IN SPONS. AGS. (2) 10.661 -66 4.016 145 3.871 3.950 11.420 -66 4.091 154 3.937 4.025 11.808 -64 4.134 166 3.968 4.070 11.872 -40 4.258 179 4.079 4.218 11.601 -161 4.403 194 4.209 4.242 10.279 -59 4.585 210 4.375 4.526 12.568 -9 4.784 229 4.555 4.775 13.596 22 5.058 249 4.809 5.080 12.080 -28 5.439 274 5.165 5.411 12.003 -39 5.845 302 5.543 5.806 1 2 3 4 5 6 3.950 4.609 4.021 674 -86 4.025 4.298 3.426 584 288 4.070 4.467 3.490 703 274 4.218 5.291 3.907 645 739 4.242 5.778 4.332 655 791 4.526 4.617 4.535 672 -590 4.775 6.592 4.963 608 1.021 5.080 5.971 5.458 673 -160 5.411 7.361 5.929 697 735 5.806 6.203 5.471 628 104 7 8 9 10 11 -659 -602 -700 98 82 16 -273 -336 -400 64 51 13 -397 85 0 85 69 16 -1.073 134 100 34 20 14 -1.536 -40 -200 160 145 15 -91 392 200 192 169 23 -1.817 280 100 180 140 40 -891 207 0 207 161 46 -1.950 363 100 263 214 49 -397 579 200 379 277 102 12 13 14 15 16 17 18 19 20 21 22 23 24 NET INCREASE IN LIABILITIES CREDIT MARKET INSTRUMENTS MORTGAGES BANK LOANS N.E.C. OTHER LOANS U.S. GOVERNMENT FICB 57 1.932 992 694 246 12 234 -63 1.031 737 196 98 -13 111 482 1. 593 1.079 243 271 122 149 1.207 2.298 1.276 782 240 50 190 1.496 2.550 1.629 601 320 61 259 483 2.603 2.120 271 212 64 148 2.097 3.302 2.245 7 08 349 80 269 1.098 3. 193 1.865 933 395 -12 407 2.313 3.311 1.965 700 646 158 488 976 2.768 2.160 418 190 -53 243 18 19 20 21 22 23 24 25 26 TRADE DEBT PROPRIETOR NET INVESTMENT 423 -2.298 159 -1.253 106 -1.217 6 -1.097 862 -1.916 186 -2.306 545 -1.750 407 -2.502 -208 -790 -975 -817 25 26 NONFARM NONCORPORATE BUSINESS 42.693 41.616 42.635 43.969 45.321 48.866 51.423 54.291 56.970 59.528 1 2 CAPITAL CONSUMPTION 3 CURRENT SURP. = GROSS SAVING 8.416 8.416 8.512 8.516 8.620 8.617 8.681 8.678 8.782 8.780 9.073 9.077 9.450 9.450 9.917 9.912 10.534 10.517 11.538 11.526 2 3 4 GROSS INVESTMENT 5 CAPITAL EXPENDITURES 6 FIXED CAPITAL 7 PLANT + EQUIPMENT 8 HOME CONSTRUCTION (1J 9 MULTI-FAMILY RESIDENTIAL 10 CHANGE IN INVENTORIES 8.416 9.694 8.679 6.550 123 2.006 1.015 8.516 9.654 8.875 7.001 -310 2. 184 779 8.617 9.723 9.745 6.722 147 2.876 -22 8.678 11.753 10.965 6.783 -18 4.200 788 8.780 13.789 13.048 7. 150 196 5.702 741 9.077 14.549 13.568 7.945 -139 5.762 981 9.450 16.297 15.072 9.447 95 5.530 1.225 9.912 15.754 14.479 10.306 -486 4.659 1.275 10.517 14.760 14.196 9.622 561 4.013 564 11.526 18.155 17.419 11.391 136 5.892 736 4 5 6 7 8 9 10 -1.278 -181 -934 566 187 179 8 -1.138 -126 -292 27 139 131 8 -1.106 454 100 188 166 157 9 -3.075 599 0 471 128 116 12 -5.009 725 0 509 216 203 13 -5.472 709 0 455 254 241 13 -6.847 910 0 626 284 271 13 -5.842 761 0 402 359 350 9 -4.243 690 0 288 402 391 11 -6.629 1.032 0 550 482 471 11 11 12 13 14 15 16 17 1.097 2.332 1.242 99 913 230 1.012 1.699 895 -249 910 234 1.560 2.268 1.969 117 1.540 312 3.674 3.170 2.165 -14 1.800 379 5.734 4.491 2.810 158 2.240 412 6.181 5.335 3.440 -112 3.270 282 7.757 5.732 3.155 75 2.751 329 6.603 5.546 2.462 -389 2.399 452 4.933 4.853 3.610 448 2.800 362 7.661 5.195 3.062 108 2.404 550 18 19 20 21 22 23 365 725 303 501 305 -6 388 617 634 1.047 45 8 1.437 938 1.639 1.366 1.718 598 645 1.113 1.020 24 25 269 -1.504 158 -845 -960 252 -127 631 -1.317 2.560 -883 1.729 -6 92 2.717 -2.104 3. 161 -433 513 361 2.105 26 27 1 NET INCOME 11 NET FINANCIAL INVESTMENT 12 NET ACQ. OF FINANCIAL ASSETS 13 DEMAND DEPOSITS + CURRENCY 14 CONSUMER CREDIT 15 MISCELLANEOUS ASSETS 16 INSURANCE RECEIVABLES 17 EQ. IN SPONS. AGS. (2) 18 19 20 21 22 23 NET INCREASE IN LIABILITIES CREDIT MARKET INSTRUMENTS MORTGAGES HOME MORTGAGES MULTI-FAMILY COMMERCIAL 24 25 BANK LOANS N.E.C. OTHER LOANS 26 27 TRADE DEBT, NET PROPRIETOR NET INVESTMENT (1) FARM PLUS NONFARM CHANGE IN WORK IN PROCESS. (2) SHARES IN FICB’S, BANKS FOR COOPS, AND LAND BANKS. MILLIONS OF DOLLARS OCTOBER 1979 TOTAL + NONCORP BUSINESS TOTAL + NONCORP BUSINESS 15 SECTOR STATEMENTS OF SAVING AND INVESTMENT ANNUAL FLOWS, 1969-78 ANNUAL FLOWS, 1969-78 1970 1969 1971 1972 1973 NONFINANCIAL 1974 1975 1976 1977 1978 BUSINESS - TOTAL 1 2 1 2 142.431 80.871 128.629 79.643 139.805 90.759 161.744 104.273 195.575 110.377 200.944 105.864 198.521 141.896 230.431 163.425 257.769 181.889 298.133 195.585 INCOME BEFORE TAXES GROSS SAVING 3 4 5 6 7 8 9 10 75.315 112.270 102.854 91.381 224 11.249 9.372 44 71.173 108.506 104.402 92.397 867 11.138 3.775 329 82.512 119.263 112.192 95.212 2.651 14.329 6.354 717 88.511 138.135 127.781 106.862 1.917 19.002 9.442 912 95.954 167.697 146.622 125.976 -285 20.931 17.907 3.168 93.636 166.133 150.717 138.901 354 11.462 8.926 6.490 124.957 133.864 143.258 135.757 2.709 4.792 -10.717 1.323 137.021 175.577 161.566 151.473 4.103 5.990 10.038 3.973 156.424 217.685 193.284 177.596 5.500 10.188 21.931 2.470 174.148 249.879 225.589 209.309 2.620 13.660 22.317 1.973 3 GROSS INVESTMENT 4 CAPITAL EXPENDITURES FIXED INVESTMENT 5 BUSINESS PLANT + EQUIPMENT 6 7 HOME CONSTRUCTION (1) 8 MULTI-FAMILY RESIDENTIAL 9 CHANGE IN INVENTORIES MINERAL RIGHTS FROM U.S.GOVT 10 11 12 13 14 15 16 17 18 19 -36.955 30.410 67.365 3.406 45.558 11.975 10. 830 14.761 7.992 -37.333 17.555 54.888 5.694 44.188 19.756 13.953 5.732 4.747 -36.751 35.372 72.123 11.435 49.949 18.893 22.888 5.872 2.296 -49.624 48.030 97.654 10.922 67.158 12.735 32.378 16.016 6.029 -71.743 65.506 137.249 7.883 87.630 10.955 32.985 33.665 10.025 -72.497 46.721 119.218 4.097 93.481 21.318 25.358 30.349 16.456 -8.907 36.210 45.117 9.908 38.713 29.804 15.931 -11.105 4.083 -38.556 49.052 87.608 10.524 65.785 25.316 22.710 3.195 14.564 -61.261 52.896 114.157 2.727 104.833 24.472 36.759 24.175 19.427 -75.731 84.643 160.374 2.599 125.575 23.274 43.330 33.876 25.095 NET FINANCIAL INVESTMENT NET ACQ. OF FINANCIAL ASSETS NET INCREASE IN LIABILITIES CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS BONDS MORTGAGES BANK LOANS N.E.C. OTHER LOANS 20 21 21.087 -2.686 8.243 -3.237 10.464 275 22.422 -2.848 39.357 2.379 30.129 -8.489 7.860 -11.364 16.713 -5.414 22.468 -15.871 45.548 -13.348 22 5.556 8.470 8.247 15.762 14.423 12.228 16.939 26.404 25.465 21.437 DISCREPANCY TRADE DEBT OTHER LIABILITIES 11 12 13 14 15 16 17 18 19 20 21 22 FARM BUSINESS 1 2 3 4 5 6 13.944 -25 6. 196 331 5. 865 6. 171 13.932 -102 6.390 368 6.022 6.288 14.289 -101 6.944 391 6.553 6.843 18.003 277 7.439 410 7.029 7.716 32.003 352 8.413 589 7.824 8.765 25.384 -141 9.932 735 9.197 9.791 23.471 -32 11.864 1.116 10.748 11.832 18.320 -499 13.042 1.494 11.548 12.543 19.637 -766 14.285 1.697 12.588 13.519 27.699 -825 15.693 1.862 13.831 14.868 NET INCOME NET SAVING CAPITAL CONSUMPTION CORPORATE NONCORPORATE CURRENT SURP. = GROSS SAVING 7 8 9 10 11 6.171 6.619 5.737 745 137 6.288 6.922 6.248 565 109 6.843 8.321 6.388 652 1.281 7.716 7.903 6.629 664 610 8.765 12.847 8.998 601 3.248 9.791 9.901 10.580 1.158 -1.837 11.832 15.873 11.401 930 3.542 12.543 11.819 12.806 1.062 -2.049 13.519 16.069 13.358 1.487 1.224 14.868 17.998 15.184 1.760 1.054 GROSS INVESTMENT CAPITAL EXPENDITURES PLANT + EQUIPMENT RESIDENTIAL CONSTRUCTION CHANGE IN INVENTORIES 7 8 9 10 11 12 13 14 15 16 17 -448 536 100 436 381 55 -634 604 115 489 438 51 -1.478 691 123 568 498 70 -187 936 262 674 584 90 -4.082 843 200 643 483 160 -110 594 -160 754 548 206 -4.041 997 70 927 691 236 724 1.494 5 1.489 1.265 224 -2.550 1.811 85 1.726 1.479 247 -3.130 1.959 100 1.859 1.588 271 NET FINANCIAL INVESTMENT NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY MISCELLANEOUS ASSETS INSURANCE RECEIVABLES EQ. IN SPONS. AGS. (21 12 13 14 15 16 17 18 19 20 21 22 23 24 984 3.034 1.818 610 606 -15 621 1.238 2.305 831 827 647 -52 699 2.169 4.468 2.381 1.345 742 47 695 1.123 5.828 3.551 1.814 463 36 427 4.925 9.562 5.495 2.859 1.208 106 1.102 704 8.028 5.049 1.071 1.908 258 1.650 5.038 8.780 4.578 1.963 2.239 1.092 1.147 770 10.916 6.117 3.031 1.768 451 1.317 4.361 14.747 8.828 2.499 3.420 1.973 1.447 5.089 18.059 10.172 2.482 5.405 3.947 1.458 NET INCREASE IN LIABILITIES CREDIT MARKET INSTRUMENTS MORTGAGES BANK LOANS N.E.C. OTHER LOANS U.S. GOVERNMENT FICB 18 19 20 21 22 23 24 25 26 -377 -1.673 -368 -699 149 -2.448 543 -5.248 123 -4.760 223 -7.547 454 -4.196 878 -11.024 868 -11.254 720 -13.690 TRADE DEBT PROPRIETOR NET INVESTMENT 25 26 1 2 3 4 5 6 NONFARM NONCORPORATE BUSINESS 1 60.179 59.552 62.334 68.178 71.582 72.853 74.395 82.493 94.8^6 104.506 NET INCOME 1 2 3 13.044 13.031 14.501 14.502 15.338 15.334 15.469 15.781 17.774 17.777 20.414 20.375 23.300 23.310 25.616 25.611 28.438 28.447 31 .927 31.925 CAPITAL CONSUMPTION CURRENT SURP. = GROSS SAVING 2 3 4 5 6 7 8 9 10 13.031 21.360 20.452 12.859 -260 7.853 908 14.502 21.255 20.985 12.871 151 7.963 270 15.334 24.895 23.440 11.528 1.000 10.912 1.455 15.781 29.979 28.708 13.364 627 14.717 1.271 17.777 31.579 30.237 14.789 -443 15.891 1.342 20.375 21.582 23.762 15.310 -401 8.853 -2.180 23.310 18.130 21.997 17.439 890 3.668 -3.867 25.611 24.743 23.479 17.480 1.520 4.479 1.264 28.447 31.753 30.244 20.889 2.007 7.348 1.509 31.925 35.936 34.411 24.155 430 9.826 1.525 GROSS INVESTMENT CAPITAL EXPENDITURES FIXED CAPITAL PLANT + EQUIPMENT HOME CONSTRUCTION (1) MULTI-FAMILY RESIDENTIAL CHANGE IN INVENTORIES 4 5 6 7 8 9 10 11 12 13 14 15 16 17 -8.329 1.076 0 404 672 659 13 -6.753 1.380 0 696 684 669 15 -9.561 1.133 0 339 794 781 13 -14.198 1.539 0 545 994 982 12 -13.802 2.347 0 1.362 985 965 20 -1.207 1.736 0 716 1.020 986 34 5.180 2.042 0 769 1.273 1.232 41 868 3.257 0 1.127 2.130 2.057 73 -3.306 4.156 0 1.598 2.558 2.514 44 -4.011 4.356 0 1.458 2.898 2.771 127 NET FINANCIAL INVESTMENT NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY CONSUMER CREDIT MISCELLANEOUS ASSETS INSURANCE RECEIVABLES EQ. IN SPONS. AGS. (2) 11 12 13 14 15 16 17 18 19 20 21 22 23 9.405 7.351 3.703 -208 3.461 450 8.133 6.922 6.465 122 5.750 593 10.694 11.709 9.699 800 8.000 899 15.737 14.083 11.914 501 9.900 1.513 16.149 12.903 9.331 -354 7.901 1.784 2.943 7.409 6.581 -323 5.500 1.404 -3.138 1.963 1.806 712 100 994 2.389 4.706 3.661 1.216 1.212 1.233 7.462 12.927 9.037 1.606 5.700 1.731 8.367 15.366 9.843 343 7.276 2.224 NET INCREASE IN LIABILITIES CREDIT MARKET INSTRUMENTS MORTGAGES HOME MORTGAGES MULTI-FAMILY COMMERCIAL 18 19 20 21 22 23 24 25 2. 177 1.471 -534 991 722 1.288 1.164 1.005 1.141 2.431 -972 1.800 -2.020 2.177 -3.606 4.651 419 3.471 -244 5.767 26 27 591 1.463 1.070 141 -1.923 908 -459 2.113 374 2.872 1.256 -5.722 1.076 -6.177 2.243 -4.560 -57 -5.408 70 -7.069 BANK LOANS N.E.C. OTHER LOANS TRADE DEBT, NET PROPRIETOR NET INVESTMENT (1) FARM PLUS NONFARM CHANGE IN WORK IN PROCESS. (2) SHARES IN FICB’S, BANKS FOR COOPS, ANO LAND BANKS. MILLIONS OF DOLLARS 24 25 26 27 OCTOBER 1979 NONFINANCIAL CORPORATE BUSINESS 16 NONFINANCIAL CORPORATE BUSINESS SECTOR STATEMENTS OF SAVING AND INVESTMENT ANNUAL FLOWS, 1949-58 ANNUAL FLOWS, 1949-58 1949 1951 1950 1952 1953 1954 1955 1956 1957 1958 NONFINANCIAL CORPORATE BUSINESS, EXCLUDING FARMS 24.825 9.280 6.434 9.111 527 7.800 17.438 38.292 16.786 7.895 13.611 547 8.631 22.789 38.991 21.142 7.749 10.100 769 10.041 20.910 33.690 17.751 7.791 8.148 797 11.237 20.182 34.847 18.430 7.959 8.458 792 12.889 22.139 32.011 15.603 8.215 8.193 939 14.636 23.768 41.996 20.175 9.375 12.446 1.070 17.023 30.539 41.768 20.006 10.107 11.655 1.218 18.481 31.354 39.769 19.054 10.367 10.348 1.252 20.339 31.939 33.650 16.128 10.166 7.356 1.032 21.465 29.853 1 2 3 4 5 6 7 8 + INV. VALUATION ADJUSTMENT 9 = GROSS INT. FUNDS, NIA BASIS 1.856 19.294 -4.965 17.824 -1.199 19.711 981 21.163 -997 21.142 -318 23.450 -1.736 28.803 -2.693 28.661 -1.539 30.400 -255 29.598 8 9 10 GROSS INVESTMENT 11 CAPITAL EXPENDITURES (1) FIXED INVESTMENT 12 PLANT + EQUIPMENT 13 HOME CONSTRUCTION 14 MULTI-FAMILY RESIDENTIAL 15 CHANGE IN INVENTORIES, NIA 16 MINERAL RIGHTS FROM U.S.GOVT 17 17.439 14.359 16.080 15.646 -77 511 -1.721 0 15.890 23.553 18.730 17.355 496 879 4.823 0 21.016 29.833 21.281 20.884 -80 477 8.552 0 21.084 24.518 22.287 21.490 279 518 2.231 0 21.599 25.431 24.619 23.889 -50 780 812 0 22.057 22.840 24.767 23.545 406 816 -1.927 0 25.984 32.676 27.749 26.681 180 888 4.927 0 25.750 37.118 32.234 31.429 -286 1.091 4.884 0 27.545 35.159 34.577 33.585 -147 1.139 582 0 27.061 27.927 30.464 28.856 189 1.419 -2.537 0 10 11 12 13 14 15 16 17 18 NET FINANCIAL INVESTMENT NET ACQ. OF FINANCIAL ASSETS 19 3.080 3.516 -7.663 16.353 -8.817 7.387 -3.434 4.576 -3.832 2.298 -783 4.864 -6.692 16.521 -11.368 3.962 -7.614 4.219 -866 10.792 18 19 3.004 1.042 0 0 1.844 33 85 0 4.584 1.319 0 47 3.173 167 -122 0 2.593 1.637 0 34 783 192 -53 0 -166 782 0 -16 -1.006 -31 105 0 1.743 -91 0 39 1.593 193 9 0 359 1.779 200 44 -1.717 -34 87 0 5.056 953 -100 -29 4.058 248 -74 0 -4.535 -292 0 9 -4.463 123 88 0 -434 34 0 -7 -729 138 130 0 2.534 1.059 900 18 303 479 -225 0 20 21 22 23 24 25 26 27 428 -816 900 660 191 0 49 986 10.071 712 621 35 0 56 665 3.340 789 508 130 0 151 905 2.833 1.004 852 118 0 34 282 -869 1.142 735 120 0 287 372 3.358 775 667 80 0 28 726 9.561 1.178 823 168 2 185 379 5.730 2.388 1.951 359 11 67 96 1.554 3.003 2.442 572 19 -30 213 6.341 1.704 1.181 546 6 -29 28 29 30 31 32 33 34 436 3.103 1.212 1.891 24.016 8.087 1.288 6.799 16.204 10.498 2.107 8.391 8.010 9.496 2.320 7.176 6.130 5.649 1.766 3.883 5.647 6.451 1.583 4.868 23.213 10.162 1.719 8.443 15.330 12.807 2.250 10.557 11.833 12.249 2.441 9.808 11.658 10.477 1.968 8.509 35 36 37 38 0 2.903 786 -62 583 265 0 1.624 1.274 397 735 142 0 3.295 1.044 -64 670 438 0 4.684 1.035 223 416 396 0 3.356 886 -40 317 609 0 3.479 1.632 325 269 1.038 0 2.836 1.865 144 409 1.312 0 3.615 1.627 -228 284 1.571 0 6.317 1.633 -117 223 1.527 0 5.683 2.855 151 756 1.948 39 40 41 42 43 44 -1.800 -4 13 -134 127 3.772 45 32 74 -22 3.739 62 19 214 18 881 62 11 482 21 -573 71 20 126 -3 -598 129 112 261 -147 3.817 -169 -134 250 -22 5.090 16 79 132 -2 1.225 44 65 465 59 -337 236 -18 79 11 45 46 47 48 49 -2.380 -343 56 7.514 8.335 80 4.670 946 90 -3.253 1.635 132 599 -276 158 -3.283 2.355 124 4.097 8.757 197 -1.983 4.274 232 -2.131 1.560 155 -2.593 3.676 98 50 51 52 1.393 2.819 2.911 2.855 2.537 53 1 2 3 4 5 6 7 PROFITS BEFORE TAX - PROFITS TAX ACCRUALS - NET DIVIDENDS PAID = UNDISTRIBUTED PROFITS + FOREIGN BRANCH PROFITS + BOOK DEPRECIATION = GROSS INTERNAL FUNDS, BOOKIl 20 21 22 23 24 25 26 27 LIQUID ASSETS DEMAND DEP. + CURRENCY TIME DEPOSITS FOREIGN DEPOSITS U.S. GOVT. SECURITIES ST.+LOC. OBLIGATIONS COMMERCIAL PAPER SECURITY R.P.’S 28 29 30 31 32 33 34 CONSUMER CREDIT TRADE CREDIT MISCELLANEOUS ASSETS FOREIGN DIR. INVEST. (2) INSURANCE RECEIVABLES EQUITY IN SPONSORED AGS. OTHER 35 36 37 38 NET INCREASE IN LIABILITIES NET FUNDS RAISED IN MKTS. NET NEW EQUITY ISSUES DEBT INSTRUMENTS 39 40 41 42 43 44 TAX-EXEMPT BONDS (3) CORPORATE BONDS (2) MORTGAGES HOME MORTGAGES MULTI-FAMILY COMMERCIAL 45 46 47 48 49 BANK LOANS N.E.C. COMMERCIAL PAPER ACCEPTANCES FINANCE COMPANY LOANS U.S. GOVERNMENT LOANS 50 51 52 PROFIT TAXES PAYABLE TRADE DEBT FGN DIRECT INVEST. IN U.S. 1 .855 1.934 -1.305 79 -457 MEMORANDUM ITEMS: EXCESS OF CAPITAL EXPENDITURES 54 OVER GROSS INTERNAL FUNDS -4.935 5.729 10.122 3.355 4.289 -610 3.873 8.457 4.759 -1.671 54 55 TRADE CREDIT NET OF TRADE DEBT 56 PROFITS TAX PAYMENTS -473 11.823 1.736 9.380 2.394 16.173 1.198 21.750 -593 18.377 1.003 18.366 804 16.913 1.456 21.968 -6 21.244 2.665 18.655 55 56 DEBT SUBTOTALS: (4) 57 LONG-TERM DEBT 58 SHORT-TERM DEBT 59 TOTAL S-T LIABILITIES 3.031 -1.140 -3.863 4.010 2.789 18.638 5.899 2.492 8.108 5.848 1.328 -290 4.053 -170 153 4.546 322 -6 06 6.084 2.359 15.213 7.507 3.050 5.341 8.556 1.252 681 8.252 257 1.340 57 58 59 PER CENT RATIOS: 60 EFFECTIVE TAX RATE 61 CAPITAL OUTLAYS/INTERNAL FUNDS 62 CR. MKT. BORROWING/CAP. EXP. 37.381 74.422 13.169 43.836 132.141 28.866 54.222 151.352 28.126 52.689 115.853 29.268 52.888 120.286 15.268 48.742 97.398 21.313 48.040 113.446 25.838 47.897 129.506 28.441 47.911 115.654 27.896 47.928 94.354 30.468 60 61 62 53 DISCREPANCY GROSS INVESTMENT AND CAPITAL EXPENDITURES ON BOOK BASIS: 63 GROSS INVESTMENT, BOOK 64 CAPITAL EXPENDITURES FIXED INVESTMENT 65 INVENTORY CHG., BOOK 66 67 MINERAL RIGHTS 15.583 12.503 16.080 -3.577 0 20.855 28.518 18.730 9.788 0 22.215 31.032 21.281 9.751 0 20.103 23.537 22.287 1.250 0 22.596 26.428 24.619 1.809 0 22.375 23.158 24.767 -1.609 0 27.720 34.412 27.749 6.663 0 28.443 39.811 32.234 7.577 0 29.084 36.698 34.577 2.121 0 27.316 28.182 30.464 -2.282 0 63 64 65 66 67 68 INVENTORY CHANGE, BOOK 69 PLUS: INV. VAL. ADJUSTMENT 70 EQUALS: INVENTORY CHG., NIA -3.577 1.856 -1.721 9.788 -4.965 4.823 9.751 -1.199 8.552 1.250 981 2.231 1.809 -997 812 -1.609 -318 -1.927 6.663 -1.736 4.927 7.577 -2.693 4.884 2.121 -1.539 582 -2.282 -255 -2.537 68 69 70 71 BOOK DEPRECIATION 72 LESS: CAP. CONS. ADJUSTMENT 73 EQUALS: CAPITAL CONS., NIA 7.800 -3.771 11.571 8.631 -3.904 12.535 10.041 -4.517 14.558 11.237 -4.387 15.624 12.889 -3.997 16.886 14.636 -3. 136 17.772 17.023 -2.073 19.096 18.481 -2.951 21.432 20.339 -3.281 23.620 21.465 -3.350 24.815 71 72 73 RATIOS ON BOOK BASIS: 74 CAPITAL OUTLAYS/INTERNAL FUNDS 75 CREDIT MKT. BORROWING/CAP. EXP 71.699 15.124 125.139 23.841 148.407 27.039 116.623 30.488 119.373 14.692 97.433 21.020 112.682 24.535 126.972 26.517 114.900 26.726 94.402 30.193 74 75 (2J FOREIGN INVESTMENT IS NET OF BOND ISSUES ABROAD, AND BOND ISSUES OUTSIDE THE U.S. ARE EXCLUDED FROM SOURCES OF FUNDS ABOVE. (3) INDUSTRIAL POLLUTION CONTROL REVENUE BONDS. ISSUED BY STATE AND LOCAL GOVERNMENTS TO FINANCE PRIVATE INVEST MENT AND SECURED IN INTEREST AND PRINCIPAL BY THE INDUSTRIAL USER OF THE FUNDS. (4) MATURITY SPLIT ON DEBT IS APPROXIMATE: L-T IS BONDS, M-F + COMMERCIAL MORTGAGES, AND 40? OF BANK LOANS. S-T DEBT IS OTHER CREDIT MARKET BORROWING. TOTAL S-T LIABILITIES IS S-T BORROWING + TAX LIABILITIES + TRADE DEBT. MILLIONS OF DOLLARS OCTOBER 1979 NONFINANCIAL CORPORATE BUSINESS NONFINANCIAL CORPORATE BUSINESS 17 SECTOR STATEMENTS OF SAVING ANO INVESTMENT ANNUAL FLOWS, 1959-68 ANNUAL FLOWS, 1959-68 1960 1959 1961 1962 1963 1964 1965 1966 1967 1968 NONFINANCIAL CORPORATE BUSINESS, EXCLUDING FARMS 1 2 3 4 5 6 7 43.019 20.692 10.812 11.515 978 22.989 35.482 39.395 19.150 11.479 8.766 1.068 24.534 34.368 39.130 19.391 11.668 8.071 1.273 25.844 35.188 43.606 20.578 12.661 10.367 1.500 29.579 41.446 48.256 22.713 13.955 11.588 1.622 31.481 44.691 54.566 23.887 15.262 15.417 1.803 33.448 50.668 64.238 27.108 17.147 19.983 1.765 36.210 57.958 69.341 29.417 18.061 21.863 1.446 39.287 62.596 65.288 27.638 18.844 18.806 1.574 42.630 63.010 71.781 33.542 20.688 17.551 1.821 46.419 65.791 PROFITS BEFORE TAX - PROFITS TAX ACCRUALS - NET DIVIDENDS PAID = UNDISTRIBUTED PROFITS + FOREIGN BRANCH PROFITS + BOOK DEPRECIATION = GROSS INTERNAL FUNDS, BOOK(1 1 2 3 4 5 6 7 8 9 -453 35.029 327 34.695 90 35.278 138 41.584 -153 44.538 -543 50.125 -1.865 56.093 -2.098 60.498 -1.744 61.266 -3.447 62.344 + INV. VALUATION ADJUSTMENT = GROSS INT. FUNDS, NIA BASIS 8 9 10 11 12 13 14 15 16 17 31.543 37.498 33.200 31.266 124 1.810 4.298 0 27.684 37.958 35.266 33.822 -310 1.754 2.692 0 31.197 37.196 35.256 33.028 146 2.082 1.940 0 37.671 43.750 38.772 36.355 -18 2.435 4.978 0 37.601 44.933 40.502 37.487 197 2.818 4.431 0 41.606 50.679 45.272 42.413 -138 2.997 5.407 0 47.134 61.974 54.701 51.589 94 3.018 7.273 0 54.162 75.681 62.476 59.962 -487 3.001 13.205 0 54.842 72.958 64.158 60.882 561 2.715 8.800 0 53.102 77.150 68.955 65.913 136 2.906 6.865 1.330 GROSS INVESTMENT CAPITAL EXPENDITURES (1) FIXED INVESTMENT PLANT + EQUIPMENT HOME CONSTRUCTION MULTI-FAMILY RESIDENTIAL CHANGE IN INVENTORIES, NIA MINERAL RIGHTS FROM U.S.GOVT 18 19 -5.955 14.168 -10.274 2.655 -5.999 13.190 -6.079 11.103 -7.332 14.170 -9.073 13.392 -14.840 20.213 -21.519 14.807 -18.116 14.544 -24.048 28.172 20 21 22 23 24 25 26 27 5.193 -887 -400 -17 6.129 -164 532 0 -4.756 -940 1.500 3 -5.953 588 46 0 3.061 3.083 1.100 88 -1.524 13 301 0 3.100 3.570 900 -125 -1.762 302 215 0 3.400 -987 687 -209 3.154 1.090 -335 0 333 -426 984 103 -1.255 -107 725 309 1.506 311 2.322 -312 -1.695 920 -324 284 -1.850 -682 -390 104 -1.705 -961 1.482 302 1.769 2.532 1.079 84 -2.462 -339 1.100 -225 5.474 2.714 -626 532 774 482 1.147 451 28 29 30 31 32 33 34 1.370 5.474 2.131 1.372 570 13 176 -417 4.847 2.981 1.673 591 21 696 78 7.808 2.243 1.596 462 8 177 860 4.432 2.711 1.652 550 10 499 1.046 6.217 3.507 1.974 347 0 1.186 1.011 8.467 3.581 2.326 319 1 935 1.059 13.156 4.492 3.276 416 6 794 326 12.221 4.110 3.029 565 23 493 416 8.198 4.161 2.601 668 14 878 307 18.333 4.058 725 789 26 2.518 35 36 37 38 20.123 12.198 2.078 10.120 12.929 11.939 1.365 10.574 19.189 12.507 2.121 10.386 17.182 12.843 369 12.474 21.502 12.248 -341 12.589 22.465 14.762 1.145 13.617 35.053 20.631 -28 20.659 36.326 25.426 1.259 24.167 32.660 29.770 2.397 27.373 52.220 31.821 -159 31.980 39 40 41 42 43 44 0 2.955 3.070 99 907 2.064 0 3.456 2.634 -249 771 2.112 0 4.640 3.993 117 1.074 2.802 0 4.550 4.448 -14 1.050 3.412 0 3.913 4.852 158 990 3.704 0 3.994 3.684 -112 1.254 2.542 0 5.392 3.888 75 865 2.948 0 10.224 4.399 -389 725 4.063 0 14.658 4.509 448 803 3.258 0 12.893 6.081 108 1.033 4.940 45 46 47 48 49 3.559 -343 5 847 27 2.268 454 121 1.564 77 1.014 325 31 317 66 3.389 104 1 -231 213 3.490 -230 -116 632 48 4.858 157 43 682 199 10.748 -328 37 628 294 8.288 825 130 -65 366 6.774 1.412 119 -290 191 50 51 52 2.439 5.248 238 -2.202 3.051 141 1.383 5.227 72 946 3.262 131 1.567 7.692 -5 531 7.177 -5 2.162 12.203 57 205 10.610 85 53 3.486 7.011 4.081 3.913 6.937 8.519 8.959 6.336 10 11 12 13 14 15 16 17 NET FINANCIAL INVESTMENT 18 NET ACQ. OF FINANCIAL ASSETS 19 LIQUID ASSETS DEMAND DEP. + CURRENCY TIME DEPOSITS FOREIGN DEPOSITS U.S. GOVT. SECURITIES ST.+LOC. OBLIGATIONS COMMERCIAL PAPER SECURITY R.P.’S 20 21 22 23 24 25 26 27 CONSUMER CREDIT TRADE CREDIT MISCELLANEOUS ASSETS FOREIGN DIR. INVEST. (2) INSURANCE RECEIVABLES EQUITY IN SPONSORED AGS. OTHER 28 29 30 31 32 33 34 NET INCREASE IN LIABILITIES NET FUNDS RAISED IN MKTS. NET NEW EQUITY ISSUES DEBT INSTRUMENTS 35 36 37 38 TAX-EXEMPT BONDS (3) CORPORATE BONDS (21 MORTGAGES HOME MORTGAGES MULTI-FAMILY COMMERCIAL 39 40 41 42 43 44 9.746 1.215 134 1.747 164 BANK LOANS N.E.C. COMMERCIAL PAPER ACCEPTANCES FINANCE COMPANY LOANS U.S. GOVERNMENT LOANS 45 46 47 48 49 -4.727 7.360 257 2.861 17.220 318 PROFIT TAXES PAYABLE 50 TRADE DEBT 51 FGN DIRECT INVEST. IN U.S. 52 6.424 9.242 DISCREPANCY 53 54 2.469 3.263 1.918 2.166 395 554 5.881 15.183 11.692 MEMORANDUM ITEMS: EXCESS OF CAPITAL EXPENDITURES 14.806 OVER GROSS INTERNAL FUNDS 55 56 226 18.065 1.796 21.480 2.581 17.895 1.170 20.379 -1.475 20.388 1.290 23.614 953 25.714 1.611 30.484 838 32.342 1.113 31.757 TRADE CREDIT NET OF TRADE DEBT 55 PROFITS TAX PAYMENTS 56 57 58 59 7.349 2.771 10.458 7.246 3.328 4.177 8.921 1.465 8.075 10.368 2.106 6.314 10.003 2.586 11.845 9.733 3.884 11.592 13.504 7.155 21.520 18.327 5.840 16.655 21.428 5.945 8.578 22.764 9.216 29.297 DEBT SUBTOTALS: (4) LONG-TERM DEBT SHORT-TERM DEBT TOTAL S-T LIABILITIES 60 61 62 48.099 107.048 26.988 48.610 109.404 27.857 49.555 105.436 27.922 47.190 105.208 28.511 47.067 100.8 86 28.017 43.776 42.199 42.423 42.332 46.728 101.105 26.869 110.484 33.334 125.096 31.932 119.083 37.518 123.748 41.451 63 64 65 66 67 31.996 37.951 33.200 4.751 0 27.357 37.631 35.266 2.365 0 31.107 37.106 35.256 1.850 0 37.533 43.612 38.772 4.840 0 37.754 45.086 40.502 4.584 0 42.149 51.222 45.272 5.950 0 48.999 63.839 54.701 9.138 0 56.260 77.779 62.476 15.303 0 56.586 74.702 64.158 10.544 0 56.549 80.597 68.955 10.312 1.330 GROSS INVESTMENT, BOOK CAPITAL EXPENDITURES FIXED INVESTMENT INVENTORY CHG., BOOK MINERAL RIGHTS 63 64 65 66 67 68 69 70 4.751 -453 4.298 2.365 327 2.692 1.850 90 1.940 4.840 138 4.978 4.584 -153 4.431 5.950 -543 5.407 9.138 -1.865 7.273 15.303 -2.098 13.205 10.544 -1.744 8.800 10.312 -3.447 6.865 INVENTORY CHANGE, BOOK PLUS: INV. VAL. ADJUSTMENT EQUALS: INVENTORY CHG., NIA 68 69 70 71 72 73 22.989 -2.889 25.878 24.534 -2.299 26.833 25.844 -1.809 27.653 29.579 1.061 28.518 31.481 1.917 29.564 33.448 2.622 30.826 36.210 3.592 32.618 39.287 3.790 35.497 42.630 3.621 39.009 46.419 3.693 42.726 BOOK DEPRECIATION LESS: CAP. CONS. ADJUSTMENT EQUALS: CAPITAL CONS., NIA 71 72 73 74 75 106.958 26.665 109.494 28.099 105.450 27.990 105.226 28.602 100.883 27.922 101.093 26.584 110.146 32.361 124.255 31.071 118.555 36.642 122.504 39.678 54 57 58 59 PER CENT RATIOS: EFFECTIVE TAX RATE 60 CAPITAL OUTLAYS/INTERNAL FUNDS 61 CR. MKT. BORROWING/CAP. EXP. 62 GROSS INVESTMENT AND CAPITAL EXPENDITURES ON BOOK BASIS: RATIOS ON BOOK BASIS: CAPITAL OUTLAYS/INTERNAL FUNDS 74 CREDIT MKT. BORROWING/CAP. EXP 75 (2) FOREIGN INVESTMENT IS NET OF BOND ISSUES ABROAD, AND BOND ISSUES OUTSIDE THE U.S. ARE EXCLUDED FROM SOURCES OF FUNDS ABOVE. (31 INDUSTRIAL POLLUTION CONTROL REVENUE BONDS. ISSUED BY STATE AND LOCAL GOVERNMENTS TO FINANCE PRIVATE INVEST MENT AND SECURED IN INTEREST AND PRINCIPAL BY THE INDUSTRIAL USER OF THE FUNDS. (4) MATURITY SPLIT ON DEBT IS APPROXIMATE: L-T IS BONDS, M-F + COMMERCIAL MORTGAGES, AND 40? OF BANK LOANS. S-T DEBT IS OTHER CREDIT MARKET BORROWING. TOTAL S-T LIABILITIES IS S-T BORROWING + TAX LIABILITIES + TRADE DEBT. MILLIONS OF DOLLARS OCTOBER 1979 NONFINANCIAL CORPORATE BUSINESS 18 NONFINANCIAL CORPORATE BUSINESS SECTOR STATEMENTS OF SAVING ANO INVESTMENT ANNUAL FLOWS, 1969-78 ANNUAL FLOWS, 1969-78 1969 1971 1970 1972 1973 1974 1975 1976 1977 1978 NONFINANCIAL CORPORATE BUSINESS, EXCLUDING FARMS 68.308 33.232 20.629 14.447 1.783 50.965 67.195 55.145 27.229 19.848 8.068 1. 564 54.288 63.920 63.182 29.826 19.952 13.404 1.854 58.353 73.611 75.563 33.360 21.626 20.577 1.906 64.890 87.373 91.990 39.377 23.791 28.822 3.661 69.936 102.419 102.707 42.483 25.913 34.311 4.803 77.006 116.120 100.655 40.331 28.297 32.027 3.088 84.071 119.186 129.618 52.404 32.913 44.302 4.218 91.395 139.915 143.286 59.448 36.988 46.850 5.165 103.062 155.077 165.928 68.564 41.576 55.788 5.180 113.042 174.010 1 2 3 4 5 6 7 8 + INV. VALUATION ADJUSTMENT 9 = GROSS INT. FUNDS, NIA BASIS -5.526 61.669 -5.067 58.853 -5.029 68.582 -6.597 80.776 -18.584 83.835 -40.422 75.698 -12.432 106.754 -14.644 125.271 -15.154 139.923 -25.218 148.792 8 9 10 GROSS INVESTMENT 11 CAPITAL EXPENDITURES (11 FIXED INVESTMENT 12 PLANT + EQUIPMENT 13 HOME CONSTRUCTION 14 MULTI-FAMILY RESIDENTIAL 15 CHANGE IN INVENTORIES, NIA 16 MINERAL RIGHTS FROM U.S.GOVT 17 56.113 84.291 75.920 72.785 -261 3.396 8.327 44 50.383 80.329 76.604 73.278 151 3.175 3.396 329 60.335 86.047 81.712 77.296 999 3.417 3.618 717 65.014 100.253 91.780 86. 869 626 4.285 7.561 912 69.412 123.271 106.786 102.189 -443 5.040 13.317 3.168 63.470 134.650 115.217 113.011 -403 2.609 12.943 6.490 89.815 99.861 108.930 106.917 889 1.124 -10.392 1.323 98. 867 139.015 124.219 121.187 1.521 1.511 10.823 3.973 114.458 169.863 148.195 143.349 2.006 2.840 19.198 2.470 127.355 195.945 174.234 169.970 430 3.834 19.738 1.973 10 11 12 13 14 15 16 17 18 NET FINANCIAL INVESTMENT NET ACQ. OF FINANCIAL ASSETS 19 -28.178 28.798 -29.946 15.571 -25.712 33.548 -35.239 45.555 -53.859 62.316 -71.180 44.391 -10.046 33.171 -40.148 44.301 -55.405 46.929 -68.590 78.328 18 19 1 2 3 4 5 6 7 PROFITS BEFORE TAX - PROFITS TAX ACCRUALS - NET DIVIDENDS PAID = UNDISTRIBUTED PROFITS + FOREIGN BRANCH PROFITS + BOOK DEPRECIATION = GROSS INTERNAL FUNDS, BOOKIl 20 21 22 23 24 25 26 27 LIQUID ASSETS DEMAND DEP. + CURRENCY TIME DEPOSITS FOREIGN DEPOSITS U.S. GOVT. SECURITIES ST.+LOC. OBLIGATIONS COMMERCIAL PAPER SECURITY R.P.'S 439 5.591 -5.404 -414 -3.071 -982 2.529 2.190 486 937 1.695 -375 170 -625 1.761 -3.077 9.325 -1.478 4.162 436 2.476 1.000 1.886 843 9.196 2.357 2.381 938 -2.051 1.000 2.960 1.611 12.945 1.377 4.733 1.157 -3.400 -137 641 8.574 6.026 1.151 3.841 -200 2.269 616 4.126 -5.777 19.763 6.155 1.887 826 8.715 -173 3.107 -754 13.871 1.53 7 2.062 1.669 2.304 -1.062 5.044 2.317 1.914 845 4.802 1.301 -6.147 49 -144 1.208 10.331 5.311 1.959 1.993 -6.321 190 1.726 5.473 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 CONSUMER CREDIT TRADE CREDIT MISCELLANEOUS ASSETS FOREIGN DIR. INVEST. (21 INSURANCE RECEIVABLES EQUITY IN SPONSORED AGS. OTHER 473 22.581 5.305 2.100 1.147 65 1.993 772 8.306 6.007 3.589 896 111 1.411 452 14.612 9. 159 3.278 1.047 23 4.811 -166 27.256 9.269 1.209 1.851 18 6.191 3.219 37.049 9.103 1.972 1.960 19 5.152 522 32.354 5.489 1.158 2.127 17 2. 187 128 6.396 6.884 6.000 2.227 10 -1.353 1.713 19.529 9.188 3.936 3.381 37 1.834 445 31.610 12.960 4.952 4.409 79 3.520 1.772 54.894 11.331 3.788 4.807 42 2.694 28 29 30 31 32 33 34 56.976 38.579 3.406 35.173 45.517 40.655 5.694 34.961 59.260 45.207 11.435 33.772 80.794 58.169 10.922 47.247 116.175 73.048 7.883 65.165 115.571 82.141 4.097 78.044 43.217 37.878 9.908 27.970 84.449 60.687 10.524 50.163 102.334 79.886 2.727 77.159 146.918 94.749 2.599 92.150 35 36 37 38 35 36 37 38 NET INCREASE IN LIABILITIES NET FUNDS RAISED IN MKTS. NET NEW EQUITY ISSUES DEBT INSTRUMENTS 39 40 41 42 43 44 TAX-EXEMPT BONDS (3) CORPORATE BONDS (2) MORTGAGES HOME MORTGAGES MULTI-FAMILY COMMERCIAL 0 11.975 5.309 -208 1.469 4.048 0 19.756 6.657 122 1.198 5.337 86 18.807 10.808 800 1.921 8.087 548 12.187 16.913 501 2.786 13.626 1.796 9.159 18.159 -354 2.457 16.056 1.648 19.670 13.728 -323 1.412 12.639 2.600 27.204 9.547 712 -117 8.952 2.485 22.831 12.932 1.216 627 11.089 3.495 20.977 18.894 1.606 1.699 15.589 3.158 20.116 23.315 343 2.952 20.020 39 40 41 42 43 44 45 46 47 48 49 BANK LOANS N.E.C. COMMERCIAL PAPER ACCEPTANCES FINANCE COMPANY LOANS U.S. GOVERNMENT LOANS 11.974 1.107 353 4.338 117 5.439 1.777 403 636 293 3.805 -886 265 661 226 13.038 721 25 3.574 241 29.665 1.414 532 4.092 348 30.250 4.131 1.255 5.833 1.529 -11.048 -2.897 166 2.192 206 3.770 1.433 1.291 5.238 183 21.257 1.639 639 10.288 -30 31.638 2.691 1.239 8.305 1.688 45 46 47 48 49 -3.306 20.873 830 -3.706 7.541 1.027 1.991 12.238 -176 -92 22.338 379 2.378 38.860 1.889 1.086 28.650 3.694 -2.405 6.330 1.414 7.484 13.592 2.686 -1.349 21.657 2.140 3.449 44.758 3.962 50 51 52 14.423 12.228 16.939 26.404 25.465 21.437 53 50 51 52 PROFIT TAXES PAYABLE TRADE DEBT FGN DIRECT INVEST. IN U.S. 5.556 8.470 8.247 15.762 MEMORANDUM ITEMS: EXCESS OF CAPITAL EXPENDITURES OVER GROSS INTERNAL FUNDS 54 22.622 21.476 17.465 19.477 39.436 58.952 -6.893 13.744 29.940 47.153 54 55 TRADE CREDIT NET OF TRADE DEBT 56 PROFITS TAX PAYMENTS 1.708 36.101 765 30.156 2.374 27.594 4. 918 33.341 -1.811 37.484 3.704 41.252 66 42.570 5.937 45.169 9.953 59.839 10.136 65.153 55 56 DEBT SUBTOTALS: (41 57 LONG-TERM DEBT 58 SHORT-TERM DEBT 59 TOTAL S-T LIABILITIES 22.281 12.892 30.459 28.466 6.495 10.330 30.424 3.348 17.577 34.363 12.884 35.130 41.334 23.831 65.069 47.469 30.575 60.311 34.220 -6.250 -2.325 38.539 11.624 32.700 50.262 26.897 47.205 58.902 33.248 81.455 57 58 59 48.650 136.682 41.728 49.377 136.490 43.522 47.206 125.465 39.248 44.148 124.112 47.127 42.805 147.039 52.863 41.363 177.877 57.960 40.068 93.543 28.008 40.429 110.971 36.084 41.489 121 .397 45.424 41.321 131.690 47.028 60 61 62 53 DISCREPANCY PER CENT RATIOS: 60 EFFECTIVE TAX RATE 61 CAPITAL OUTLAYS/INTERNAL FUNDS 62 CR. MKT. BORROWING/CAP. EXP. GROSS INVESTMENT AND CAPITAL EXPENDITURES ON BOOK BASIS: 63 GROSS INVESTMENT, BOOK 64 CAPITAL EXPENDITURES FIXED INVESTMENT 65 66 INVENTORY CHG., BOOK 67 MINERAL RIGHTS 61.639 89.817 75.920 13.853 44 55.450 85.396 76.604 8.463 329 65.364 91.076 81.712 8.647 717 71.611 106.850 91.780 14.158 912 87.996 141.855 106.786 31.901 3.168 103.892 175.072 115.217 53.365 6.490 102.247 112.293 108.930 2.040 1.323 113.511 153.659 124.219 25.467 3.973 129.612 185.017 148.195 34.352 2.470 152.573 221.163 174.234 44.956 1.973 63 64 65 66 67 68 INVENTORY CHANGE, BOOK 69 PLUS: INV. VAL. ADJUSTMENT 70 EQUALS: INVENTORY CHG., NIA 13.853 -5.526 8.327 8.463 -5.067 3.396 8.647 -5.029 3.618 14.158 -6.597 7.561 31.901 -18.584 13.317 53.365 -40.422 12.943 2.040 -12.432 -10.392 25.467 -14.644 10.823 34.352 -15.154 19.198 44.956 -25.218 19.738 68 69 70 71 BOOK DEPRECIATION 72 LESS: CAP. CONS. ADJUSTMENT 73 EQUALS: CAPITAL CONS., NIA 50.965 3.544 47.421 54.288 1.551 52.737 58.353 500 57.853 64.890 2.695 62.195 69.936 1.846 68.090 77.006 -3.030 80.036 84.071 -11.660 95.731 91.395 -13.912 105.307 103.062 -11.277 114.339 113.042 -12.035 125.077 71 72 73 133.666 39.160 133.598 40.939 123.725 37.081 122.291 44.218 138.504 45.937 150.768 44.578 94.216 24.908 109.823 32.645 119.306 41.703 127.097 41.666 74 75 RATIOS ON BOOK BASIS: 74 CAPITAL OUTLAYS/INTERNAL FUNDS 75 CREDIT MKT. BORROWING/CAP. EXP (2) FOREIGN INVESTMENT IS NET OF BOND ISSUES ABROAD, AND BOND ISSUES OUTSIDE THE U.S. ARE EXCLUDED FROM SOURCES OF FUNDS ABOVE. (3) INDUSTRIAL POLLUTION CONTROL REVENUE BONDS. ISSUED BY STATE AND LOCAL GOVERNMENTS TO FINANCE PRIVATE INVEST MENT AND SECURED IN INTEREST AND PRINCIPAL BY THE INDUSTRIAL USER OF THE FUNDS. (4) MATURITY SPLIT ON DEBT IS APPROXIMATE: L-T IS BONDS, M-F + COMMERCIAL MORTGAGES, AND 40? OF BANK LOANS. S-T DEBT IS OTHER CREDIT MARKET BORROWING. TOTAL S-T LIABILITIES IS S-T BORROWING + TAX LIABILITIES + TRADE DEBT. MILLIONS OF DOLLARS OCTOBER 1979 STATE+LOCAL GOVTS. AND FOREIGN STATE+LOCAL GOVTS. AND FOREIGN 19 ANNUAL FLOWS, 1949-58 ANNUAL FLOWS, 1950 1949 1951 1952 1953 1955 1954 1956 h95 7 1958 1949--58 STATE AND LOCAL GOVERNMENTS - GENERAL FUNDS (1) 1 2 3 4 19.463 16.291 944 2.228 21.304 17.833 1.128 2.343 23.445 19.601 1.357 2.487 25.434 21.235 1.553 2.646 27.421 22.866 1.721 2.834 29.049 24.182 1.954 2.913 31.662 26.465 2.077 3.120 34.996 29.350 2.315 3.331 38.476 31.685 2.582 4.209 41.952 33.521 2.790 5.641 TOTAL RECEIPTS, NIA BASIS TAX RECEIPTS SOCIAL INSURANCE RECEIPTS GRANTS IN AID RECEIVED 5 6 7 8 9 10 20.188 17.982 2.206 -725 536 -1.261 22.509 19.769 2.740 -1.205 674 -1.879 23.887 21.777 2.110 -442 760 -1.202 25.481 23.217 2.264 -47 1.027 -1.074 27.278 24.994 2.284 143 1.324 -1.181 30.161 27.827 2.334 -1.112 1.488 -2.600 32.936 30.551 2.385 -1.274 1.304 -2.578 35.871 33.490 2.381 -875 1.274 -2.149 39.835 37.122 2.713 -1.359 1.675 -3.034 44.306 41.136 3.170 -2.354 1.770 -4.124 TOTAL EXPENDITURES, NIA BASIS PURCH. OF GOODS + SERVICES NET INTEREST + TRANSFERS NET SURPLUS, NIA BASIS - RETIREMENT CREDIT TO HH = GROSS SAVING 5 6 7 8 9 10 11 12 13 14 15 -1.815 782 236 152 0 -1.986 1. 513 451 101 0 -1.300 1.139 395 152 0 -2.179 1.927 303 85 0 -2.018 1.987 384 329 0 -3.898 1.999 366 462 0 -4.244 1.194 39 -63 0 -3.357 402 -544 44 0 -4.330 268 -657 383 0 -4.764 1.114 -217 806 0 NET FINANCIAL INVESTMENT NET ACQ. OF FINANCIAL ASSETS DEMAND DEP. + CURRENCY TIME DEPOSITS SECURITY RP'S 11 12 13 14 15 16 17 18 19 460 66 65 1 796 460 459 1 479 381 380 1 1.596 1.443 1.306 137 1.291 1.026 803 223 1.207 943 807 136 1.023 952 1.001 -49 826 745 805 -60 567 255 84 171 540 181 -12 193 CREDIT MARKET INSTRUMENTS 16 U.S. GOVT. SECURITIES 17 TREASURY ISSUES 18 U.S. GOVT. AGENCY SEC. 19 20 21 22 313 81 -66 284 52 165 29 69 113 50 103 -57 182 83 -17 174 90 -36 12 59 195 1 80 76 110 202 -25 147 212 -15 ST.+LOC. OBLIGATIONS MORTGAGES TAXES RECEIVABLE 23 24 25 26 27 2.597 2.497 2.582 204 2. 378 3.499 3.399 3. 332 393 2.939 2.439 2.439 2. 178 312 1.866 4.106 4.006 3.684 193 3.491 4.005 3.905 4.269 169 4.100 5.897 5.747 6.082 110 5.972 5.438 5.288 5.276 28 5.248 3.759 3.659 3.591 94 3.497 4.598 4.398 4.247 175 4.072 5.878 5.678 5.498 415 5.083 28 29 -85 100 67 100 261 0 322 100 -364 100 -335 150 12 150 68 100 151 200 180 200 30 554 107 98 1.105 837 1.298 1.666 1.208 1.296 640 1 2 3 4 20 21 22 NET INCREASE IN LIABILITIES CREDIT MARKET BORROWING ST.+LOC. OBLIGATIONS SHORT-TERM OTHER 23 24 25 26 27 U.S. GOVERNMENT LOANS TRADE DEBT 28 29 DISCREPANCY 30 (l)EMPLOYEE RETIREMENT FUNDS ARE IN INSURANCE SECTOR. REST OF THE WORLD 1 2 3 4 5 6 6. 219 15.859 9.640 5.612 25 -582 1.898 13.914 12.016 4.001 31 2. 134 3.838 18.932 15.094 3.492 47 -299 2.394 18.204 15.810 2.492 64 162 591 17.145 16.554 2.444 86 1.939 1.990 18.001 16.011 2.244 59 313 2.218 20.045 17.827 2.453 94 329 4.270 23.860 19.590 2.360 154 -1.756 6.072 26.724 20.652 2.268 201 -3.603 2.464 23.286 20.822 2.221 139 -104 7 8 9 10 11 12 -1.297 38 -164 -211 142 335 2.249 3.533 1.743 47 227 225 -656 657 -52 -335 -288 603 -323 1.231 -380 250 141 82 1.729 2.227 1.161 -452 601 -76 261 1.505 298 210 492 47 -26 1.417 40 -176 -101 117 -2.112 2.124 -305 221 -142 350 -4.568 288 -799 349 -124 -237 -356 3.485 2.275 -96 881 152 13 14 15 16 17 -21 394 268 95 31 3 1.243 1.195 -10 58 120 17 -80 6 91 1 1.120 1.068 36 16 55 592 485 15 92 135 432 243 6 183 127 969 1.060 54 -145 256 1.147 848 67 232 147 551 178 90 283 -54 37 94 54 -111 18 19 3 -44 14 31 -3 24 -2 41 -6 -50 25 -38 -17 45 2 107 6 85 20 21 22 -396 56 -452 0 80 -80 571 90 481 -22 132 -154 402 158 244 -96 124 -220 413 197 216 488 232 256 23 1.335 1.284 1.313 1.554 498 1.244 1.443 24 169 -16 -20 36 -95 -182 -141 25 26 27 -18 170 -9 24 145 251 76 641 277 60 463 27 -51 29 -112 256 292 -50 28 29 30 31 -286 -12 -259 -15 -282 80 -26 -336 153 166 53 -66 38 -47 -76 161 -128 -56 -13 -59 32 33 -14 479 57 119 58 153 -20 418 34 35 2 -5 6 -10 3 42 36 37 38 39 40 1.017 0 173 660 184 1.135 0 84 621 430 41 715 -115 NET U.S. EXPORTS U.S. EXPORTS U.S. IMPORTS TRANSFER RECEIPTS FROM U.S. U. S. GOVT. INTEREST RECEIVED CURRENT ACCOUNT BALANCE (U.S. BALANCE, SIGN REVERSED) NET FINANCIAL INVESTMENT 7 8 NET ACQ. OF FINANCIAL ASSETS 9 GOLD + SDR'S (1) U.S. DEMAND DEPOSITS 10 U.S. TIME DEPOSITS 11 NET INTERBANK CLAIMS 12 U.S. CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES U.S. CORPORATE BONDS (2) OPEN-MARKET PAPER 13 14 15 16 17 27 -66 SECURITY CREDIT TRADE CREDIT 18 19 310 155 155 329 98 231 MISCELLANEOUS ASSETS DIR. INVESTMENT IN U.S. OTHER 20 21 22 4.236 4.856 3.841 564 367 -17 NET INCREASE IN LIABILITIES U.S. OFF. FGN. EXCHANGE + NET IMF POSITION 24 173 30 -193 111 884 310 35 1.297 435 332 2.015 918 FOREIGN EQUITY ISSUES CREDIT MARKET INSTRUMENTS CORP. AND FOREIGN BONDS 25 26 27 469 199 183 87 217 5 9 203 376 73 121 182 317 178 -10 149 541 214 87 240 BANK TO TO TO 40 229 74 -201 39 -33 167 31 211 334 -76 632 BANKERS ACCEPTANCES U.S.GOVT. LOANS 1 27 0 -19 30 69 0 54 -6 142 0 88 17 -22 571 0 37 508 26 967 0 -30 852 145 634 0 28 735 -129 779 0 152 667 -40 1.327 0 314 823 190 2.541 35 572 1.951 -17 3.069 0 617 2.442 10 1 .516 0 357 1.181 -22 357 485 210 52 355 356 965 252 LOANS N.E.C. FGN. OFFICIAL FGN. BANKS OTHER FGN. 28 29 30 31 32 33 34 35 MISCELLANEOUS LIABILITIES USG EQUITY IN IBRD, ETC. U.S. DEPOSITS ABROAD U.S. DIR. INV. ABR0AD(2) OTHER 36 37 38 39 40 DISCREPANCY (21 EXCLUDES U.S. SECURITY ISSUES IN FOREIGN MARKETS. 23 SECURITY DEBT TRADE DEBT (1) CONSISTS ONLY OF NET PURCHASES FROM U.S. EXCLUDES ACQUISITIONS FROM OTHER SOURCES. MILLIONS OF DOLLARS 1 2 3 4 5 6 41 OCTOBER 1979 STATE+LOCAL GOVTS. AND FOREIGN 20 STATE+LOCAL GOVTS. AND FOREIGN ANNUAL FLOWS, 1959-68 ANNUAL FLOWS* 1959-68 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 STATE AND LOCAL GOVERNMENTS - GENERAL FUNDS (1) 46.446 36.512 3.086 6.848 49.882 39.919 3.437 6.526 54.005 43.085 3.675 7.245 58.491 46.653 3.859 7.979 63.228 49.870 4.217 9.141 69.538 54.415 4.690 10.433 75.133 59.000 5.012 11.121 84.820 64.733 5.703 14.384 93.598 71.031 6.655 15.912 107.240 81.412 7.241 18.587 1 2 3 4 46.889 43.696 3.193 -443 1.926 -2.369 49.822 46.548 3.274 60 2.158 -2.098 54.373 50.786 3.587 -368 2.381 -2.749 58.028 54.296 3.732 463 2.356 -1.893 62.767 59.030 3.737 461 2.560 -2.099 68.540 64.592 3.948 998 3.040 -2.042 75.137 71.082 4.055 -4 3.294 -3.298 84.318 79.833 4.485 502 4.226 -3.724 94.655 89.264 5.391 -1.057 4.093 -5.150 106.909 100.708 6.201 331 4.820 -4.489 5 6 7 8 9 10 11 NET FINANCIAL INVESTMENT NET ACQ. OF FINANCIAL ASSETS 12 13 DEMAND DEP. + CURRENCY 14 TIME DEPOSITS SECURITY RP'S 15 -3.621 2.944 1.694 -410 0 -3.199 2.365 160 1.378 0 -4.067 1.456 412 908 0 -3.280 2.714 534 985 0 -2.009 4.192 1.513 1.643 0 -3.010 3.525 1.632 1.719 0 -2.908 5.122 -382 2.374 0 -2.483 4.282 848 1.276 0 -4.893 3.637 1.158 2.430 0 -4.949 5.485 -215 3.218 0 11 12 13 14 15 16 17 18 19 CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES TREASURY ISSUES U.S. GOVT. AGENCY SEC. 1.502 1.270 1.233 37 740 515 419 96 95 -188 -9 -179 983 922 1 .057 -135 885 927 719 208 -17 -133 18 -151 2.997 2.864 2.792 72 1.905 1.772 2.505 -733 -175 -290 -806 516 1.806 1.568 -489 2.057 16 17 18 19 20 21 22 ST.+LOC. OBLIGATIONS MORTGAGES TAXES RECEIVABLE -23 255 158 33 192 87 16 267 41 -190 251 212 -239 197 151 -111 227 191 -56 189 133 -42 175 253 0 115 224 46 192 676 20 21 22 23 24 25 26 27 NET INCREASE IN LIABILITIES CREDIT MARKET BORROWING ST.+LOC. OBLIGATIONS SHORT-TERM OTHER 6.565 6.465 6.280 403 5.877 5.564 5.485 5.280 284 4.996 5.523 5.311 5.085 236 4.849 5.994 5.862 5.358 -11 5.369 6.201 5.956 5.723 446 5.277 6.535 6.262 6.001 761 5.240 8.030 7.658 7.345 618 6.727 6.765 6.274 5.647 661 4.986 8.530 7.944 7.769 1.823 5.946 10.434 9.826 9.516 143 9.373 23 24 25 26 27 28 29 U.S. GOVERNMENT LOANS TRADE DEBT 185 100 205 79 226 212 504 132 233 245 261 273 313 372 627 491 175 586 310 608 28 29 1.252 1.101 1.318 1.387 -90 96 8 -390 -1.241 -257 460 30 1 TOTAL RECEIPTS, NIA BASIS TAX RECEIPTS 2 SOCIAL INSURANCE RECEIPTS 3 4 GRANTS IN AID RECEIVED 5 6 7 8 9 10 TOTAL EXPENDITURES, NIA BASIS PURCH. OF GOODS + SERVICES NET INTEREST + TRANSFERS NET SURPLUS, NIA BASIS - RETIREMENT CREDIT TO HH = GROSS SAVING 30 DISCREPANCY (l)EMPLOYEE RETIREMENT FUNDS ARE IN INSURANCE SECTOR. REST OF THE WORLD 559 23.725 23.166 2.285 281 2.007 4.372 27.595 23.223 2.300 332 -1.740 5.806 28.882 23.076 2.514 278 -3.014 5.378 30.607 25.229 2.628 339 -2.411 6.295 32.709 26.414 2.742 401 -3.152 8.948 37.393 28.445 2.769 453 -5.726 7.591 39.548 31.957 2.841 489 -4.261 5.060 42.773 37.713 2.917 549 -1.594 4.937 45.561 40.624 3.107 598 -1.232 2.280 49.933 47.653 2.933 702 1.355 1 2 3 4 5 6 7 NET FINANCIAL INVESTMENT 8 NET ACQ. OF FINANCIAL ASSETS 9 GOLD ♦ SDR'S (U 10 U.S. DEMAND DEPOSITS 11 U.S. TIME DEPOSITS 12 NET INTERBANK CLAIMS 1.879 4.631 1.075 134 -839 21 -711 3.713 1.703 -18 284 828 -2.016 3.174 857 976 52 127 -1.281 2.584 890 135 498 -106 -2.781 3.310 461 266 851 252 -4.809 3.342 125 959 1.255 484 -3.788 1.908 1.665 125 566 113 -2.207 3.204 571 380 332 2.863 -1.061 7.500 1.170 327 1.266 566 892 8.283 1.173 561 -270 2.145 7 8 9 10 11 12 13 14 15 16 17 U.S. CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES U.S. CORPORATE BONDS (2) OPEN-MARKET PAPER 351 2.875 3.017 -56 -86 203 1. 146 533 79 534 323 556 486 1 69 109 1.378 1.326 25 27 225 698 591 57 50 -292 825 434 208 183 -400 147 -68 -147 362 -305 -1.615 -2.465 620 230 698 1.998 2.091 -128 35 2.097 295 -471 187 579 13 14 15 16 17 18 19 SECURITY CREDIT TRADE CREDIT -12 164 5 -91 37 225 -37 -110 -3 -37 7 73 42 176 17 472 136 581 325 1.472 18 19 20 21 22 MISCELLANEOUS ASSETS DIR. INVESTMENT IN U.S. OTHER 862 238 624 -347 141 -488 21 72 -51 -173 131 -304 597 -5 602 -94 -5 -89 -526 57 -583 489 85 404 758 257 501 485 318 167 20 21 22 23 NET INCREASE IN LIABILITIES U.S. OFF. FGN. EXCHANGE + NET IMF POSITION 2.752 4.424 5.190 3. 865 6.091 8.151 5.6 96 5.411 8.561 7.391 23 24 39 -442 251 -643 84 -46 443 3 1.118 2.053 24 25 26 27 FOREIGN EQUITY ISSUES CREDIT MARKET INSTRUMENTS CORP. AND FOREIGN BONDS 195 630 473 86 1.778 577 325 2.230 437 -2 5 2.090 994 111 3.223 993 210 3.962 467 298 2.508 460 -253 1.912 735 50 3.867 1.216 155 2.723 1.084 25 26 27 214 -4 66 152 149 -27 43 133 720 127 238 355 413 45 233 135 603 -122 166 559 1.479 12 499 96 8 5 88 125 149 314 -50 -104 131 -77 -369 15 -415 31 -399 -201 60 -258 28 29 30 31 -54 -3 635 417 595 478 -36 719 473 1.154 407 1.609 -67 1.527 -51 1.278 473 2.547 -159 2.197 32 33 10 83 -3 764 37 69 -36 509 23 -378 -17 765 28 -56 9 333 170 515 210 399 34 35 1.795 0 -5 1.372 42 8 2.241 154 529 1.673 -115 2.278 171 348 1.596 163 1.970 122 119 1.652 77 3.028 62 235 1.974 757 3.277 50 122 2.326 779 2.475 61 -2 97 3.276 -565 3.407 0 368 3.029 10 2.841 83 -125 2.601 282 1.851 137 471 725 518 36 37 38 39 40 128 -1.029 -998 -1.130 -371 -917 -473 613 -171 463 41 1 2 3 4 5 6 NET U.S. EXPORTS U.S. EXPORTS U.S. IMPORTS TRANSFER RECEIPTS FROM U.S. U. S. GOVT. INTEREST RECEIVED CURRENT ACCOUNT BALANCE (U.S. BALANCE, SIGN REVERSED) LOANS N.E.C. FGN. OFFICIAL FGN. BANKS OTHER FGN. 28 29 30 31 BANK TO TO TO 32 33 BANKERS ACCEPTANCES U.S.GOVT. LOANS 34 35 SECURITY DEBT TRADE DEBT 36 37 38 39 40 MISCELLANEOUS LIABILITIES USG EQUITY IN IBRD, ETC. U.S. DEPOSITS ABROAD U.S. DIR. INV. ABR0AD(2) OTHER 41 DISCREPANCY (1) CONSISTS ONLY OF NET PURCHASES FROM U.S. EXCLUDES ACQUISITIONS FROM OTHER SOURCES. (2) EXCLUDES U.S. SECURITY ISSUES IN FOREIGN MARKETS. MILLIONS OF DOLLARS OCTOBER 1979 STATE+LOCAL GOVTS. AND FOREIGN STATE+LOCAL GOVTS. AND FOREIGN 21 ANNUAL FLOWS, 1969-78 ANNUAL FLOWS, 1969-78 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 STA TE AND L0(;al govefINMENTS - GENERAL FIJNOS (1) 1 2 3 4 119.678 91.403 7.929 20.346 134.941 101.510 8.984 24.447 152.607 113.656 9.940 29.011 177.430 129.062 10.840 37.528 193.484 140.825 12.085 40.574 210.360 152.555 13.904 43.901 236.853 165.856 16.368 54.629 267.985 187.176 19.702 61.107 298.763 207.676 23.570 67.517 330.989 226.577 27.070 77.342 TOTAL RECEIPTS, NIA BASIS TAX RECEIPTS SOCIAL INSURANCE RECEIPTS GRANTS IN AID RECEIVED 5 6 7 8 9 10 117.551 110.416 7.135 2. 127 5.488 -3.361 132.172 123.221 8.951 2.769 6.393 -3.624 148.924 137.514 11.410 3.683 6.554 -2.871 163.683 150.979 12.704 13.747 8.491 5.256 180.481 167.339 13.142 13.003 9.480 3.523 202.796 191.536 11.260 7.564 9.697 -2.133 230.645 215.383 15.262 6.208 11.307 -5.099 250.052 231.601 18.451 17.933 13.112 4.821 271.937 251.815 20.122 26.826 15.715 11.111 303.576 283.002 20.574 27.413 19.854 7.559 TOTAL EXPENDITURES, NIA BASIS PURCH. OF GOODS + SERVICES NET INTEREST + TRANSFERS NET SURPLUS, NIA BASIS - RETIREMENT CREDIT TO HH = GROSS SAVING 5 6 7 8 9 10 11 12 13 14 15 -10.010 1. 103 1.413 -5.890 0 -4.685 7.197 -2.854 10.005 0 -12.019 6.374 1.026 7.159 0 1.938 17.001 1.683 6.777 0 1.409 15.391 -323 7.224 2.400 -7.706 9.587 -691 5.702 3.600 -12.731 2.362 100 -1.974 1.000 -4.300 11.587 -645 2.099 0 3.619 24.969 1.418 6.970 1.000 542 25.131 -1.139 8.084 2.000 NET FINANCIAL INVESTMENT NET ACQ. OF FINANCIAL ASSETS DEMAND DEP. + CURRENCY TIME DEPOSITS SECURITY RP'S 11 12 13 14 15 16 17 18 19 5.271 4.749 3.062 1.687 -179 -1.152 939 -2.091 -2.347 -3.174 -1.328 -1.846 7.766 6.678 4.112 2.566 5.355 3.426 -981 4.407 231 -2.763 -5.473 2.710 2.630 -1.360 -1.652 292 7.943 4.321 2.176 2.145 13.968 13.461 12.593 868 14.570 12.546 9.750 2.796 CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES TREASURY ISSUES U.S. GOVT. AGENCY SEC. 16 17 18 19 20 21 22 65 457 309 148 825 225 -252 1.079 536 -299 1.387 775 229 1.700 735 524 2.470 745 2.383 1.607 606 2.372 1.250 2.190 -84 591 1.613 1.018 1.006 1.616 ST.+LOC. OBLIGATIONS MORTGAGES TAXES RECEIVABLE 20 21 22 23 24 25 26 27 11.113 10.672 9.926 2.766 7. 160 11.882 11.308 11.231 2.343 8.888 18.393 17.701 17.336 2.483 14.853 15.063 14.506 14.161 52 14.109 13.982 13.198 12.912 315 12.597 17.293 15.508 14.832 2.709 12.123 15.093 13.737 13.548 -259 13.807 15.887 15.215 13.179 -4.067 17.246 21.350 20.363 20.158 -2.629 22.787 24.589 23.564 25.120 587 24.533 NET INCREASE IN LIABILITIES CREDIT MARKET BORROWING ST.+LOC. OBLIGATIONS SHORT-TERM OTHER 23 24 25 26 27 28 29 746 441 77 574 365 692 345 557 286 784 676 1.785 189 1.356 2.036 672 205 987 -1.556 1.025 U.S. GOVERNMENT LOANS TRADE DEBT 28 29 30 6.649 1.061 9.148 3.318 2.114 5.573 7.632 9.121 7.492 7.017 DISCREPANCY 1 2 3 4 30 (l)EMPLOYEE RETIREMENT FUNDS ARE IN INSURANCE SECTOR. REST OF THE WORLD 1 2 3 4 5 6 1.753 54.699 52.946 2.976 777 2.000 3.946 62.468 58.522 3.248 1.024 326 1.562 65.595 64.033 3.642 1.844 3.924 -3.293 72.656 75.949 3.779 2.684 9.756 7.143 101.556 94.413 3.883 3.836 576 6.040 137.921 131.881 4.242 4.262 2.464 20.403 147.267 126.864 3.979 4.542 -11.882 7.967 163.317 155.350 4.133 4.520 686 -9.904 175.862 185.766 4.170 5.540 19.614 -10.259 207.222 217.481 4.586 8.674 23.519 7 8 9 10 11 12 3.443 9.982 -967 324 1.380 12.270 631 5.285 803 521 -1.664 -6.388 13.847 22.210 1.334 -193 329 -4.610 11.676 18.446 554 1.602 2.904 -728 2.815 14.056 9 2.895 2.812 -2.690 4.231 25.586 -172 2.826 7.731 -235 -17.126 4.104 -13 -316 1.456 -9.859 -8.800 23.865 -77 3.195 -1.899 -5.850 20.865 38.442 -249 2.400 -400 -820 12.748 55.748 1.187 -248 1.145 5.423 NET FINANCIAL INVESTMENT 7 8 NET ACQ. OF FINANCIAL ASSETS 9 GOLD + SDR'S (1) U.S. DEMAND DEPOSITS 10 U.S. TIME DEPOSITS 11 NET INTERBANK CLAIMS 12 13 14 15 16 17 1. 565 -483 -2.013 536 994 697 10.470 9.312 671 487 836 26.435 26.302 292 -159 2.434 8.411 8.402 71 -62 2.763 599 229 69 301 539 11.204 3.732 850 6.622 4.667 6.129 8.104 593 -2.568 2.753 15.179 11.620 890 2.669 2.675 39.361 31.481 3.520 4.360 2.408 37.725 28.221 1.629 7.875 U.S. CORPORATE EQUITIES 13 CREDIT MARKET INSTRUMENTS 14 15 U.S. GOVT. SECURITIES U.S. CORPORATE BONDS (2) 16 OPEN-MARKET PAPER 17 18 19 -202 791 -85 2.014 -38 369 55 815 -33 1.035 -40 1.844 71 1.649 0 3.418 0 1.508 0 3.396 SECURITY CREDIT TRADE CREDIT 18 19 20 21 22 -4.696 830 -5.526 -1.083 1.027 -2. 110 -2.252 -176 -2.076 2.399 379 2.020 6.666 1.889 4.777 1.889 3.694 -1.805 320 1.414 -1.094 7.146 2.686 4.460 -6.033 2.140 -8.173 4.712 3.962 750 MISCELLANEOUS ASSETS DIR. INVESTMENT IN U.S. OTHER 20 21 22 23 6.539 4.654 8.363 6.770 11.241 21.355 21.230 32.665 17.577 43.000 287 -2.541 -1.731 -188 -200 1.262 541 2.452 -7 199 NET INCREASE IN LIABILITIES U.S. OFF. FGN. EXCHANGE + NET IMF POSITION 23 24 25 26 27 467 27 3. 183 5.053 1.028 68 2. 802 874 940 -412 4.437 1.030 -199 6.296 958 -249 15.668 2.102 184 13.152 6.216 322 20.525 8.560 409 13.498 5.051 -516 32.784 4.013 FOREIGN EQUITY ISSUES CREDIT MARKET INSTRUMENTS CORP. AND FOREIGN BONDS 25 26 27 28 29 30 31 -264 -9 191 -446 -205 -142 -64 1 2.000 183 874 943 2.993 196 1.051 1.746 2.715 438 1.600 677 4.656 265 3.116 1.275 3.859 259 1.091 2.509 6.776 891 4. 199 1.686 3.054 82 2.650 322 18.267 2.132 9.523 6.612 32 33 315 2. 104 799 1.334 302 1.811 -1.044 1.458 930 1.693 7.262 1.648 288 2.789 1.934 3.255 2.419 2.974 6.599 3.905 34 35 -230 821 1 963 33 526 84 467 -181 1.877 -38 3.086 126 665 0 317 0 499 0 -274 36 37 38 39 40 2.011 184 -504 2. 100 231 3.361 235 -357 3.589 -106 4.455 252 255 3.278 670 2.382 270 776 1.209 127 3.648 348 1.758 1.972 -430 1.626 646 -849 1.158 671 6.562 674 835 6.000 -947 9.049 1.088 1.536 3.936 2.489 3.178 749 1.269 4.952 -3.792 10.807 625 2.117 3.788 4.277 41 -1.443 -3 05 -9.923 -1.920 -2.239 -1.767 5.244 9.486 -1.251 10.771 NET U.S. EXPORTS U.S. EXPORTS U.S. IMPORTS TRANSFER RECEIPTS FROM U.S. U. S. GOVT. INTEREST RECEIVED CURRENT ACCOUNT BALANCE (U.S. BALANCE, SIGN REVERSED) BANK TO TO TO LOANS N.E.C. FGN. OFFICIAL FGN. BANKS OTHER FGN. BANKERS ACCEPTANCES U.S.GOVT. LOANS 28 29 30 31 32 33 34 35 MISCELLANEOUS LIABILITIES USG EQUITY IN IBRD, ETC. U.S. DEPOSITS ABROAD U.S. DIR. INV. ABR0ADI2) OTHER 36 37 38 39 40 DISCREPANCY (2) EXCLUDES U.S. SECURITY ISSUES IN FOREIGN MARKETS. 24 SECURITY DEBT TRADE DEBT (1) CONSISTS ONLY OF NET PURCHASES FROM U.S. EXCLUDES ACQUISITIONS FROM OTHER SOURCES. MILLIONS OF DOLLARS 1 2 3 4 5 6 41 OCTOBER 1979 U.S.GOVT. + CREDIT AGENCIES U.S.GOVT. + CREDIT AGENCIES 22 SECTOR STATEMENTS OF SAVING AND INVESTMENT ANNUAL FLOWS, ANNUAL FLOWS, 1949-58 1949 1950 1951 1952 1953 1949-58 1954 1955 1956 1957 1958 U.S. GOVERNMENT 1 TOTAL RECEIPTS, NIA BASIS 2 PERSONAL TAXES 3 CORP. PROFITS TAX ACCRUALS 4 INDIRECT TAXES 5 SOCIAL INSURANCE RECEIPTS 6 7 8 9 10 11 12 13 14 TOTAL EXPENDITURES, NIA BASIS GOODS + SERVICES TRANSFERS, ETC. NET INTEREST NET SURPLUS, NIA BASIS - INSURANCE CREDITS TO HH = GROSS SAVING + MINERAL RIGHTS SALES = NONFINANCIAL SURPLUS 15 NET FINANCIAL INVESTMENT 16 NET ACQ. OF FINANCIAL ASSETS GOLD, SDR’S + OFF FGN EXCH 17 18 DEMAND DEPOSITS + CURRENCY 19 TIME DEPOSITS 20 21 22 23 CREDIT MARKET INSTRUMENTS SPONSORED AGENCY ISSUES MORTGAGES OTHER LOANS 24 25 26 TAXES RECEIVABLE TRADE CREDIT MISCELLANEOUS 27 28 38.706 16.137 9.598 8.020 4.951 50.035 18.090 17.155 8.860 5.930 64.277 26.131 21.676 9.352 7.118 67.317 31.031 18.573 10.296 7.417 70.032 32.247 19.478 10.895 7.412 63.738 28.998 16.851 9.733 8.156 72.559 31.437 21.073 10.674 9.375 77.985 35.170 20.949 11.245 10.621 81.906 37.411 20.404 11.793 12.298 78.662 36.786 17.960 11.498 12.418 1 2 3 4 5 41.344 20.410 16.670 4.264 -2.638 1.124 -3.762 0 -3.762 40.827 18.724 17.752 4.351 9.208 1.093 8.115 0 8.115 57.769 38.322 15.000 4.447 6.508 883 5.625 0 5.625 71.052 52.365 14.230 4.457 -3.735 1.001 -4.736 0 -4.736 77.108 57.530 15.024 4.554 -7.076 604 -7.680 0 -7.680 69.772 47.933 17.195 4.644 -6.034 119 -6.153 0 -6.153 68.142 44.455 19.089 4.598 4.417 524 3.893 0 3.893 71.918 45.902 20.945 5.071 6.067 1.166 4.901 0 4.901 79.624 49.964 24.122 5.538 2.282 522 1.760 0 1.760 88.933 53.904 29.821 5.208 -10.271 990 -11.261 0 -11.261 6 7 8 9 10 11 12 13 14 -3.494 -272 149 339 65 7.270 8.017 -284 -238 8 5.448 7.475 37 119 88 -4.919 1.216 -74 2.371 73 -7.810 -567 -86 -1.532 -9 -5.466 -3.357 -169 -339 28 3.937 3.167 -134 -270 -13 3.916 -204 608 -288 -27 1.528 -347 304 136 -29 -11.113 -871 -39 308 26 15 16 17 18 19 1.290 0 471 819 733 0 315 418 1.298 5 614 679 1.512 -3 513 1.002 569 -2 390 181 -284 1 99 -384 719 19 197 503 678 -11 22 667 621 4 281 336 1.492 -10 410 1.092 20 21 22 23 -2.264 0 149 7.401 400 -3 5.086 900 -53 -3.603 951 -14 539 -37 -11 -2.996 231 172 2.693 -171 343 -1.846 76 595 -1.982 -89 692 -2.449 -538 329 24 25 26 3.222 -19 747 -10 2.027 24 6.135 37 7.243 34 2.109 36 -770 2 -4.120 19 -1.875 36 10.242 38 27 28 NET INCREASE IN LIABILITIES TREASURY CURR. + SDR CTFS. 29 30 31 32 CREDIT MARKET INSTRUMENTS SAVINGS BONDS OTHER TREASURY ISSUES AGENCY ISSUES + MTGS. 2.577 1.463 1.025 89 -1.179 252 -809 -622 -438 -471 170 -137 5.365 92 4.892 381 7.020 198 5.195 1.627 2.398 595 1.718 85 -807 263 -343 -727 -5.816 -94 -5.467 -255 -2.255 -1.909 -765 419 9.300 -523 9.468 355 29 30 31 32 33 34 35 LIFE + RETIREMENT RESERVES TRADE DEBT MISCELLANEOUS 1.124 0 -460 1.093 1.100 -257 883 1.600 -42 1.001 75 -343 604 -175 -240 119 -234 -210 524 -83 -406 1.166 325 186 522 161 -339 990 63 -149 33 34 35 -268 11.862 845 9.754 177 16.590 183 22.176 130 18.939 -687 19.847 -44 18.380 98 5 22.795 232 22.386 -148 20.409 36 37 36 DISCREPANCY 37 MEMO: CORP. TAX RECEIPTS, NET FEDERALLY SPONSORED CREDIT AGENCIES AND MORTGAGE POOLS SPONSORED CREDIT AGENCIES 5 10 9 31 18 18 20 21 26 29 1 2 NET ACQ. OF FINANCIAL ASSETS 3 DEMAND DEPOSITS + CURRENCY -10 -6 454 20 414 -2 153 7 228 43 372 -2 7 963 20 975 0 1.380 -19 325 12 2 3 4 5 6 7 8 -32 -3 -3 0 0 460 -77 -77 0 0 417 55 55 0 0 123 67 67 0 0 61 94 94 0 0 316 260 260 0 0 976 127 87 0 40 1.048 268 290 0 -22 1.299 -83 -83 0 0 337 91 109 0 -18 4 5 6 7 8 -82 0 -82 383 0 383 101 0 101 -47 0 -47 88 0 88 -85 0 -85 636 86 550 374 563 -189 1.024 987 37 -222 -255 33 9 10 11 LOANS TO AGRICULTURE FARM MORTGAGES LOANS TO COOPS ( BC) LOANS TO FARMERS (FICB) MISCELLANEOUS ASSETS 53 33 7 13 28 154 47 32 75 -26 261 58 47 156 -1 103 81 4 18 23 -121 89 42 -252 124 141 101 -10 50 83 2 53 216 9 28 -73 384 244 86 54 -51 358 176 -3 185 100 450 170 56 224 -6 12 13 14 15 16 17 NET INCREASE IN LIABILITIES 18 CREDIT MARKET INSTRUMENTS 19 SPONS. AGENCY ISSUES 20 U.S. GOVERNMENT LOANS 21 MISCELLANEOUS LIABILITIES -23 -112 -112 0 89 428 381 381 0 47 393 227 227 0 166 122 47 47 0 75 211 -3 -3 0 214 358 -35 -35 0 393 945 1.007 941 66 -62 962 738 443 295 22 4 1.342 1.120 1.400 -280 222 290 56 77 -21 234 17 18 19 20 21 -8 -16 -12 0 1 4 2 8 -12 -6 22 23 NET ACQ. OF MORTGAGES HOME MORTGAGES 24 MULTIFAMILY MORTGAGES 25 26 FARM MORTGAGES 3 0 0 3 25 0 0 25 11 0 0 11 10 0 0 10 7 0 0 7 18 0 0 18 38 0 0 38 33 0 0 33 24 0 0 24 17 0 0 17 23 24 25 26 27 NET INCR. IN POOL SECURITIES 3 25 11 10 7 18 38 33 24 17 27 -29 -3 -82 56 485 -77 383 179 428 55 101 272 133 67 -47 113 68 94 88 -114 334 260 -85 159 1.014 127 6 36 291 1.081 268 374 417 1.323 -83 1.024 382 354 91 -222 467 28 29 30 31 -109 406 238 57 4 -17 979 476 1.424 94 32 1 CURRENT SURPLUS CREDIT MARKET INSTRUMENTS LIQUID ASSETS U.S.GOVT. SECURITIES OPEN-MARKET PAPER FEDERAL FUNDS + RP’S 9 10 11 12 13 14 15 16 HOUSING CREDIT RESIDENTIAL MORTGAGES FHLB LOANS TO S + L ASSOC. 22 DISCREPANCY FEDERALLY SPONSORED MORTGAGE POOLS (1) 28 29 30 31 MEMO: TOTALS FOR AGENCIES AND POOLS— CREDIT MARKET INSTRUMENTS LIQUID ASSETS HOUSING CREDIT LOANS TO AGRICULTURE 32 NET SECURITY ISSUES (1) GNMA, FHLMC, AND FARMERS HOME ADM. MILLIONS OF DOLLARS POOLS. OCTOBER 1979 U.S.GOVT. + CREDIT AGENCIES U.S.GOVT. + CREDIT AGENCIES 23 SECTOR STATEMENTS OF SAVING AND INVESTMENT ANNUAL FLOWS, ANNUAL FLOWS, 1959-68 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1959-68 U.S. GOVERNMENT 1 2 3 4 5 89.826 39.914 22.484 12.508 14.920 96.141 43.644 21.447 13.429 17.621 98.058 44.704 21.491 13.602 18.261 106.187 48.635 22.470 14.606 20.476 114.415 51.483 24.578 15.258 23.096 114.913 48.626 26.141 16.173 23.973 124.337 53.947 28.899 16.479 25.012 141.843 61.696 31.428 15.598 33.121 150.496 67.475 30.026 16.265 36.730 174.739 79.648 36.278 18.001 40.812 TOTAL RECEIPTS, NIA BASIS PERSONAL TAXES CORP. PROFITS TAX ACCRUALS INDIRECT TAXES SOCIAL INSURANCE RECEIPT^ 6 7 8 9 10 11 12 13 14 90.964 53.890 30.909 6. 165 -1.138 993 -2.131 0 -2.131 93.106 53.711 32.589 6. 806 3. 035 1.002 2.033 0 2.033 101.944 57.370 38.326 6.248 -3.886 1.009 -4.895 0 -4.895 110.434 63.738 39.938 6.758 -4.247 1.118 -5.365 0 -5.365 114.159 64.631 42.219 7.309 256 1.292 -1.036 0 -1.036 118.182 65.218 44.981 7.983 -3.269 1.353 -4.622 0 -4.622 123.807 67.268 48.159 8.380 530 1.449 -919 0 -919 143.632 78.833 55.639 9.160 -1.789 1.360 -3.149 0 -3.149 163.676 90.924 62.912 9.840 -13.180 1.395 -14.575 0 -14.575 180.563 98.019 71.154 11.390 -5.824 1.322 -7.146 1.330 -5.816 TOTAL EXPENDITURES, NIA BASIS GOODS ♦ SERVICES TRANSFERS, ETC. NET INTEREST NET SURPLUS, NIA BASIS - INSURANCE CREDITS TO HH = GROSS SAVING + MINERAL RIGHTS SALES = NONFINANCIAL SURPLUS 6 7 8 9 10 11 12 13 14 15 16 17 18 19 -2.938 4.638 69 658 -42 1.680 952 -417 1.043 -23 -5.532 2.807 218 17 22 -4.997 3.310 -702 945 -15 -1.038 3.885 20 -386 -9 -3.336 3.727 -195 572 12 -591 3.303 103 -1.400 -22 -1.244 4.952 -232 -86 -30 -13.419 2.292 399 993 47 -8.718 7.310 2.036 -1.680 101 NET FINANCIAL INVESTMENT NET ACQ. OF FINANCIAL ASSETS GOLD, SDR’S + OFF FGN EXCH DEMAND .DEPOSITS + CURRENCY TIME DEPOSITS 15 16 17 18 19 20 21 22 23 1.783 -1 1.270 514 1.030 35 195 800 1.659 -2 449 1.212 1.951 -3 5 73 1.913 1.549 29 -405 1.925 2.829 -17 -47 2.893 2.880 33 -17 2.864 5.058 1.310 978 2.770 4.654 -88 993 3.749 5.233 134 1.437 3.662 CREDIT MARKET INSTRUMENTS SPONSORED AGENCY ISSUES MORTGAGES OTHER LOANS 20 21 22 23 24 25 26 2. 158 -1 13 -1.440 68 691 480 -14 425 542 229 360 1.775 485 451 261 244 4 1.288 388 66 -1.365 1.249 358 -5.121 1.468 -148 1.269 575 -224 TAXES RECEIVABLE TRADE CREOIT MISCELLANEOUS 24 25 26 27 28 7. 576 39 -728 47 8.339 54 8.307 20 4.923 46 7.063 24 3.894 234 6.196 899 15.711 683 16.028 416 29 30 31 32 7. 077 -1.796 9.207 -334 -2.061 -265 -1.940 144 7.201 803 5.869 529 6.993 523 5.667 803 3.973 1.181 2.901 -109 6.229 911 4.433 885 1.764 635 662 467 3.629 554 1.782 1.293 13.000 970 7.938 4.092 13.568 647 9.827 3.094 33 34 35 993 71 -604 1.002 242 42 1.009 235 -160 1.118 281 -105 1.292 -99 -289 1.353 -203 -340 1 .449 507 -60 1.360 669 -361 1.395 56 9 64 1.322 -1 723 36 37 807 20.326 353 22.887 637 21.011 -368 21.928 2 22.803 -1.286 25.880 -328 27.611 -1.905 32.793 -1.156 35.147 2.902 35.009 1 2 3 4 5 27 NET INCREASE IN LIABILITIES TREASURY CURR. + SDR CTFS. 28 CREDIT MARKET INSTRUMENTS SAVINGS BONDS OTHER TREASURY ISSUES AGENCY ISSUES + MTGS. 29 30 31 32 LIFE + RETIREMENT RESERVES 33 34 TRAD£ DEBT 35 MISCELLANEOUS DISCREPANCY MEMO: CORP. TAX RECEIPTS, NET 36 37 FEDERALLY SPONSORED CREDIT AGENCIES AND MORTGAGE POOLS SPONSORED CREDIT AGENCIES 1 35 40 50 58 60 65 80 100 73 101 2 3 2.290 32 1.234 -5 1.118 55 1.667 20 1.452 -26 704 -14 2.285 -15 5.060 3 -108 3 3.238 3 4 5 6 7 8 2. 224 100 100 0 0 1.184 145 142 0 3 1.036 -78 -75 0 -3 1.616 373 373 0 0 1.554 412 412 0 0 709 -415 -442 0 27 2.258 107 134 0 -2 7 5.068 984 935 0 49 -44 -25 24 0 -49 3.229 -108 -120 0 12 9 10 11 1.505 669 836 700 8 53 -153 650 -31 681 791 -26 817 521 -784 1.305 476 -65 541 1.195 523 672 2.814 1.876 93 8 -1.423 1.126 -2.549 2.518 1.645 873 12 13 14 15 16 619 273 112 234 34 342 2 04 27 111 52 461 264 48 149 30 452 224 38 190 31 621 257 105 259 -76 675 409 118 148 -18 929 563 97 269 69 1.319 677 235 407 -60 1.355 651 216 488 -18 831 517 71 243 -6 LOANS TO AGRICULTURE FARM MORTGAGES LOANS TO COOPS (BC) LOANS TO FARMERS (FICB) MISCELLANEOUS ASSETS 12 13 14 15 16 17 18 19 20 21 2. 260 2. 274 2. 195 79 -14 1.203 638 740 -102 565 1.072 681 614 67 391 1.612 1.499 1.514 -15 113 1.393 1.447 1.536 -89 -54 655 544 413 131 111 2.230 2.114 1.909 205 116 5.014 4.825 5.058 -233 189 -150 -621 -554 -6 7 471 3.223 3.476 3.229 247 -253 NET INCREASE IN LIABILITIES CREDIT MARKET INSTRUMENTS SPONS. AGENCY ISSUES U.S. GOVERNMENT LOANS MISCELLANEOUS LIABILITIES 17 18 19 20 21 22 5 9 4 3 1 16 25 54 31 DISCREPANCY 22 86 CURRENT SURPLUS 1 NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY 2 3 CREDIT MARKET INSTRUMENTS LIQUID ASSETS U.S.GOVT. SECURITIES OPEN-MARKET PAPER FEDERAL FUNDS + RP’S HOUSING CREDIT RESIDENTIAL MORTGAGES FHLB LOANS TO S + L ASSOC. FEDERALLY SPONSORED MORTGAGE POOLS 23 24 25 26 14 0 0 14 -2 0 0 -2 88 4 0 84 123 4 0 119 112 7 1 104 99 26 1 72 245 113 2 130 445 306 0 139 674 493 5 176 27 14 -2 88 123 112 99 245 445 674 28 29 30 31 2.238 100 1.505 633 1. 182 145 700 3 40 1.124 -78 654 545 1.739 373 795 571 1.666 412 529 725 808 -415 5 03 747 2.503 107 1.310 1.059 5.513 984 3.120 1.458 63 0 -25 -92 5 1.531 32 2.209 738 702 1.637 1.6 48 512 2. 154 5.503 120 Digitized for MILLIONS FRASER OF DOLLARS ( 1) 538 424 9 105 NET ACQ. OF MORTGAGES HOME MORTGAGES MULTIFAMILY MORTGAGES FARM MORTGAGES 538 NET INCR. 4 5 6 7 8 9 10 11 (1) 23 24 25 26 IN POOL SECURITIES 27 MEMO: TOTALS FOR AGENCIES AND POOLS— 3.767 CREOIT MARKET INSTRUMENTS -108 LIQUID ASSETS 2.951 HOUSING CREDIT 936 LOANS TO AGRICULTURE 28 29 30 31 3.767 32 GNMA, NET SECURITY ISSUES FHLMC , AND FARMERS HOME ADM. POOLS. OCTOBER 1979 U.S.GOVT. + CREDIT AGENCIES U.S.GOVT. + CREDIT AGENCIES 24 SECTOR STATEMENTS OF SAVING AND INVESTMENT ANNUAL FLOWS, ANNUAL FLOWS, 1969-78 1970 1969 1971 1972 1973 1969-78 1974 1975 1976 1977 1978 U.S. GOVERNMENT 1 TOTAL RECEIPTS, NIA BASIS PERSONAL TAXES 2 3 CORP. PROFITS TAX ACCRUALS 4 INDIRECT TAXES 5 SOCIAL INSURANCE RECEIPTS 6 7 8 9 10 11 12 13 14 TOTAL EXPENDITURES, NIA BASIS GOODS + SERVICES TRANSFERS, ETC. NET INTEREST NET SURPLUS, NIA BASIS - INSURANCE CREDITS TO HH = GROSS SAVING + MINERAL RIGHTS SALES = NONFINANCIAL SURPLUS 15 NET FINANCIAL INVESTMENT 16 NET ACQ. OF FINANCIAL ASSETS 17 GOLD, SDR’S + OFF FGN EXCH DEMAND DEPOSITS + CURRENCY 18 19 TIME DEPOSITS 196.984 94.821 36.212 18.985 46.966 192.058 92.219 30.813 19.298 49.728 198.648 89.883 33.510 20.351 54.904 227.471 108.188 36.560 19.969 62.754 258.286 114.640 42.992 21.215 79.439 288.612 131.103 45.920 21.688 89.901 286.241 125.390 42.750 23.890 94.211 331.421 147.177 54.559 23.398 106.287 375.384 169.627 61.765 25.105 118.887 432.066 194.887 72.038 28.094 137.047 1 2 3 4 5 188.443 97.461 78.129 12.853 8.541 1.58 5 6.956 44 7.000 204.194 95.642 94.296 14.256 -12.136 2.487 -14.623 329 -14.294 220.607 96.220 110.413 13.974 -21.959 2.914 -24.873 717 -24.156 244.734 102.126 128.056 14.552 -17.263 3.145 -20.408 912 -19.496 264.997 102.188 144.607 18.202 -6.711 2.310 -9.021 3.168 -5.853 299.333 111.121 167.338 20.874 -10.721 2.854 -13.575 6.490 -7.085 356.825 123.058 210.568 23.199 -70.584 3.796 -74.380 1.323 -73.057 385.016 129.707 228.555 26.754 -53.595 4.739 -58.334 3.973 -54.361 421.715 144.379 248.353 28.983 -46.331 6.649 -52.980 2.470 -50.510 459.751 152.590 272.345 34.816 -27.685 7.223 -34.908 1.973 -32.935 6 7 8 9 10 11 12 13 14 5.989 3.495 1.351 1.143 -157 -14.524 393 -1.985 2.452 252 -24.586 3.869 -2.224 3.310 57 -19.547 -884 -371 -977 86 -7.428 3.323 -19 -1.847 -167 -6.036 8.237 1.354 -4.538 38 -73.556 17.318 470 2.896 95 -57.810 22.445 2.441 3.988 159 -54.049 10.408 271 -513 147 -34.650 28.876 -2.634 4.024 64 15 16 17 18 19 20 21 22 23 CREDIT MARKET INSTRUMENTS SPONSORED AGENCY ISSUES MORTGAGES OTHER LOANS 3.137 -1.297 970 3.464 2.789 -97 302 2.584 2.817 18 -380 3.179 1.838 -17 -683 2.538 2.817 -2 -599 3.418 9.817 2.502 1.422 5.893 15.085 4.504 3.224 7.357 8.912 3.738 -3.062 8.236 11.831 5.345 -230 6.716 20.407 7.730 -371 13.048 20 21 22 23 24 25 26 TAXES RECEIVABLE TRADE CREDIT MISCELLANEOUS -2.992 919 94 -2.591 -777 253 1.542 -1.704 71 -749 -819 108 1.316 274 949 571 998 -3 -3.101 1.190 683 5.537 453 955 -1.283 -762 717 3.540 2.726 749 24 25 26 -2.494 272 14.917 622 28.455 490 18.663 533 10.751 422 14.273 445 90.874 937 80.255 1.189 64.457 300 63.526 524 27 28 -3.664 -96 -1.183 -2.385 11.851 319 12.565 -1.033 24.898 2.327 23.693 -1.122 15.075 3.251 11.011 813 8.266 2.687 5.220 359 11.791 2.984 9.043 -236 85.405 4.025 81.823 -443 69.027 4.655 64.484 -112 56.763 4.744 52.905 -886 53.681 3.929 51.184 -1.432 29 30 31 32 1.585 -328 -359 2.487 -582 539 2.914 -675 828 3.145 -120 30 2.310 116 -363 2.854 -810 -7 3.796 1.445 -709 4.739 4.361 939 6.649 1.670 -925 7.223 2.374 -276 33 34 35 1.011 39.204 230 33.404 430 31.968 51 37.309 1.575 41.676 -1.049 45.349 499 45.851 3.449 49.022 3.539 63.048 1.715 68.498 36 37 27 28 NET INCREASE IN LIABILITIES TREASURY CURR. + SDR CTFS. 29 30 31 32 CREDIT MARKET INSTRUMENTS SAVINGS BONDS OTHER TREASURY ISSUES AGENCY ISSUES + MTGS. 33 34 35 LIFE + RETIREMENT RESERVES TRADE DEBT MISCELLANEOUS 36 DISCREPANCY 37 MEMO: CORP. TAX RECEIPTS, NET FEDERALLY SPONSORED CREDIT AGENCIES AND MORTGAGE POOLS SPONSORED CREDIT AGENCIES 148 126 208 244 437 580 556 591 710 999 1 9.172 49 10.343 -37 708 54 3.949 -48 18.725 98 18.029 -13 5.119 -3 4.678 -46 7.432 69 28.357 30 2 3 8.589 -407 -588 0 181 8.805 1.873 1.100 0 773 1.079 -1.160 -546 0 -614 3.969 -401 -1.215 414 400 15.500 2.069 -19 -193 2.281 20.781 330 423 876 -969 4.497 1.271 1.469 89 -287 4.665 1.740 1.488 -33 285 6.301 -3.413 -3.802 233 156 26.255 815 590 -1.198 1.423 4 5 6 7 8 7.813 3.783 4.030 6.235 4.909 1.326 217 2.896 -2.679 2.881 2.838 43 12.477 5.309 7.168 14.325 7.668 6.657 -1.169 2.790 -3.959 -1.569 414 -1.983 4.852 541 4.311 21.484 8.987 12.497 9 10 11 LOANS TO AGRICULTURE FARM MORTGAGES LOANS TO COOPS CBCJ LOANS TO FARMERS (FICB) MISCELLANEOUS ASSETS 1.364 588 155 621 353 1.470 473 298 699 802 1.408 730 -17 695 189 1.889 1.177 285 42 7 -372 3.235 1.854 279 1.102 846 5.157 2.509 998 1.650 -1.770 4.108 2.557 404 1.147 912 4.779 2.510 952 1.317 -226 5.018 2.942 629 1.447 906 5.379 3.231 690 1.458 649 12 13 14 15 16 17 NET INCREASE IN LIABILITIES CREDIT MARKET INSTRUMENTS 18 SPONS. AGENCY ISSUES 19 U.S. GOVERNMENT LOANS 20 21 MISCELLANEOUS LIABILITIES 9.137 8.783 9.066 -283 354 10.326 8.234 8.234 0 2.092 613 1.142 1.142 0 -529 3.803 3.521 3.521 0 282 18.464 16.295 16.295 0 2.169 17.561 17.297 16.602 695 264 4.848 3.206 2.342 864 1.642 4.347 2.938 3.325 -387 1.409 7.077 5.784 6.956 -1.172 1.293 27.837 23.069 23.069 0 4.768 17 18 19 20 21 113 109 113 98 176 112 285 260 355 479 22 23 NET ACQ. OF MORTGAGES 24 HOME MORTGAGES MULTIFAMILY MORTGAGES 25 26 FARM MORTGAGES 678 436 17 225 1.551 1.215 25 311 4.771 4.278 54 439 4.878 4.262 278 338 3.636 3.192 224 220 5.759 5.352 169 238 10.339 9.917 478 -56 15.663 14.495 647 521 20.488 18.994 1.179 315 18.344 15.831 1.877 636 23 24 25 26 27 NET INCR. IN POOL SECURITIES 1 CURRENT SURPLUS 2 NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY 3 4 5 6 7 8 CREDIT MARKET INSTRUMENTS LIQUID ASSETS U.S.GOVT. SECURITIES OPEN-MARKET PAPER FEDERAL FUNDS + RP'S HOUSING CREDIT RESIDENTIAL MORTGAGES FHLB LOANS TO S + L ASSOC. 9 10 11 12 13 14 15 16 22 DISCREPANCY FEDERALLY SPONSORED MORTGAGE POOLS (1, 28 29 30 31 678 1.551 4.771 4.878 3.636 5.759 10.339 15.663 20.488 18.344 27 MEMO: TOTALS FOR AGENCIES AND POOLS— 9.267 CREDIT MARKET INSTRUMENTS LIQUID ASSETS -407 8.266 HOUSING CREDIT 1.589 LOANS TO AGRICULTURE 10.356 1.873 7.475 1.781 5.850 -1.160 4.549 1.847 8. 847 -401 7.421 2.227 19.136 2.069 15.893 3.455 26.540 330 19.846 5.395 14.836 1.271 9.226 4.052 20.328 1.740 13.573 5.300 26.789 -3.413 25.025 5.333 44.599 815 39.192 6.015 28 29 30 31 9.744 9.785 5.913 8.399 19.931 22.361 12.681 18.988 27.444 41.413 32 32 NET SECURITY ISSUES (1) GNMA, FHLMC, AND FARMERS HOME ADM. MILLIONS OF DOLLARS POOLS. OCTOBER 1979 BANKING SYSTEM BANKING SYSTEM 25 SECTOR STATEMENTS OF SAVING AND INVESTMENT ANNUAL FLOWS, ANNUAL FLOWS, 1949-58 1953 1949-58 1956 1957 32 53 69 59 CURRENT SURPLUS 1 628 -47 23 777 97 616 261 58 80 -82 8 862 80 -241 25 -260 —2.253 88 -128 -4 NET ACQ. OF FINANCIAL ASSETS GOLD + FOREIGN EXCHANGE TREASURY CURR. + SDR CTFS. F.R. FLOAT F.R. LOANS TO DOMESTIC BANKS 2 3 4 5 6 -251 -147 -147 0 28 -132 29 195 130 130 0 41 24 104 -701 -677 -677 0 -3 -21 -17 2.105 2.109 2.109 0 -17 13 -68 CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES TREASURY SECURITIES AGENCY ISSUES ACCEPTANCES BANK LOANS N.E.C. MISCELLANEOUS ASSETS 7 8 9 10 11 12 13 -1.266 -1.284 -43 596 129 213 563 54 579 -61 -25 74 -319 -530 -86 87 252 64 -229 -26 153 -198 -85 436 101 24 55 -84 53 -94 36 26 40 -30 -146 158 -201 -86 445 139 1955 1954 1949 1950 1951 1952 1 34 -15 30 44 41 37 2 3 4 5 6 -4.452 184 9 -7 -25 1.305 -1.475 38 834 59 2.878 -5 73 -184 -48 1.440 490 103 -217 108 -36 -1.170 82 -32 -114 -1.229 -311 91 -127 -3 7 8 9 10 11 12 13 -4.567 -4.448 —4.448 0 0 -119 -46 1.824 1.893 1.893 0 0 -69 25 3.025 3.023 3.023 0 0 2 17 926 897 897 0 0 29 30 1.200 1.217 1.217 0 0 -17 -2 -866 -983 -983 0 0 117 -13 14 15 16 -4.486 -3.916 37 1.320 1.118 159 2.848 2.375 523 1.396 -106 56 -77 210 -241 17 18 19 20 21 -828 -315 148 -661 221 -350 -172 -160 -18 393 385 -444 -113 942 -435 1.339 142 26 1.171 107 -93 -552 -130 589 47 1958 MONETARY AUTHORITY NET INCREASE IN LIABILITIES MEMBER BANK RESERVES VAULT CASH OF COML. BANKS DEMAND DEPOSITS + CURRENCY DUE TO U.S. GOVERNMENT DUE TO REST OF THE WORLD CURRENCY OUTSIDE BANKS MISCELLANEOUS LIABILITIES 14 15 16 17 18 19 20 21 COMMERCIAL BANKING <11 1 2 662 129 690 151 846 181 775 209 840 225 762 274 1.216 350 1.442 387 1.380 423 1.105 473 3 4 5 6 7 8 2.370 -8 6.220 4.491 4.413 78 8.180 -5 6.752 -5.135 -4.943 -192 9.485 37 6.342 -532 -470 -62 9.345 -4 9.337 2.159 1.856 303 4.225 3 4.161 1.581 90 1.491 9.549 -6 10.375 5.574 5.624 -50 5.290 7 5.143 -8.101 -7.432 -66 9 6.001 21 4.521 -3.455 -2.972 -483 5.640 28 4.952 -323 -334 11 15.137 17 15.479 8.754 8.179 575 9 10 898 181 1.597 165 1.096 -207 1.009 -113 657 53 1.763 -90 196 -183 143 -514 1.014 118 2.590 -47 ST.+LOC. OBLIGATIONS CORPORATE BONDS 9 10 11 12 13 14 15 16 650 748 1.176 -1.671 18 379 10.125 2.018 1.997 5.651 187 272 5.985 1.069 313 4.514 339 -250 6.281 1.135 2.206 2.037 251 652 1.869 983 1.757 -1.260 -111 500 3.126 1.724 262 167 -18 991 13.230 2.430 2.916 7.470 -269 683 8.347 1.715 1.671 5.566 51 -656 4.140 618 1.371 1.834 277 40 4.181 2.186 479 492 543 481 TOTAL LOANS MORTGAGES CONSUMER CREDIT BANK LOANS N.E.C. OPEN-MARKET PAPER SECURITY CREDIT 11 12 13 14 15 16 17 0 0 0 1 1 2 1 0 3 1 CORPORATE EQUITIES 17 18 19 -3.879 37 1.277 156 2.898 208 -50 62 -31 92 -1.327 507 342 -202 633 826 49 611 -616 257 20 21 22 23 1.940 841 733 108 7.689 5.595 -265 5.860 9.083 6.819 553 6.266 8.909 5.159 1.582 3.577 3.768 123 -795 918 8.890 4.513 26 4.487 4.691 2.140 -463 2.603 5.460 1.815 24 1.791 5.048 -652 165 -817 14.298 5.568 352 5.216 24 25 26 27 448 0 425 23 275 0 255 20 1.645 0 1.630 15 3.143 0 3.091 52 3.395 0 3.345 50 3.796 0 3.747 49 1.307 0 1.319 -12 2.042 0 1.986 56 5.366 0 5.430 -64 7.938 0 7.956 -18 CURRENT SURPLUS PLANT + EQUIPMENT 1 2 NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY TOTAL BANK CREDIT U.S. GOVT. SECURITIES TREASURY ISSUES AGENCY ISSUES 3 4 5 6 7 8 VAULT CASH + MEM. BANK RES. MISCELLANEOUS ASSETS NET INCREASE IN LIABILITIES DEMAND DEPOSITS, NET U.S. GOVERNMENT OTHER TIME DEPOSITS LARGE NEGOTIABLE CD'S OTHER AT COMMERCIAL BANKS AT FOREIGN BANKING OFF. 18 19 20 21 22 23 24 25 26 27 28 13 21 68 15 15 -57 -185 -5 -103 61 FED FUNDS + SECURITY RP'S 28 29 30 31 32 432 -32 335 129 1.244 893 225 126 9 -232 603 -362 40 -109 82 67 -145 -146 -76 77 -132 -130 47 -49 1.290 874 117 299 434 -2 350 86 -787 -216 -237 -334 120 -132 152 100 NET INTERBANK CLAIMS TO MONETARY AUTHORITIES TO FOREIGN BANKS TO DOMESTIC BANKS (2) 29 30 31 32 33 34 35 36 11 0 0 0 72 0 0 0 144 0 0 0 139 0 0 0 114 0 0 0 228 0 0 0 -51 0 0 0 267 0 0 0 273 0 0 0 54 0 0 0 CORPORATE EQUITY ISSUES CREDIT MARKET DEBT CORPORATE BONDS OPEN-MARKET PAPER 33 34 35 36 37 38 44 151 117 365 162 236 178 235 174 92 -26 568 -376 566 306 601 81 870 -23 580 PROFIT TAXES PAYABLE MISCELLANEOUS LIABILITIES 37 38 39 40 103 5.841 48 6.480 263 6.592 130 8.684 158 3.660 -171 9.382 267 4.459 514 5.177 365 4.909 -207 14.997 DISCREPANCY MEMO: CREDIT MKT. FUNDS ADV. (1) CONSISTS OF U.S.-CHARTERED COMMERCIAL BANKS, THEIR DOMESTIC AFFILIATES, EDGE ACT CORPORATIONS, AGENCIES AND BRANCHES OF FOREIGN BANKS, AND BANKS IN U.S. POSSESSIONS. EDGE ACT CORPORATIONS AND OFFICES OF FOREIGN BANKS APPEAR TOGETHER IN THESE TABLES AS "FOREIGN BANKING OFFICES." <21 FLOATS AND DISCREPANCIES IN INTERBANK DEPOSITS AND LOANS. MILLIONS OF DOLLARS 39 40 OCTOBER 1979 BANKING SYSTEM BANKING SYSTEM 26 SECTOR STATEMENTS OF SAVING AND INVESTMENT ANNUAL FLOWS, 1959-68 ANNUAL FLOWS, 1959 1960 1961 1962 1963 1964 1959-68 1965 1966 1967 1968 MONETARY AUTHORITY -192 29 67 46 55 -467 26 18 28 21 1 2 NET ACQ. OF FINANCIAL ASSETS 3 GOLD + FOREIGN EXCHANGE 4 TREASURY CURR. + SDR CTFS. 5 F.R. FLOAT 6 F.R. LOANS TO DOMESTIC BANKS 110 -1.105 77 294 407 -1.099 -1.728 87 278 -428 1.417 -824 187 453 90 1.723 -831 -18 603 -78 2.101 -397 11 -303 -6 3.371 24 -173 6 125 2.347 -1.325 170 -358 -60 4.457 -336 742 262 77 4.783 -451 467 -27 -32 3.973 -1.156 167 999 47 2 3 4 5 6 CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES TREASURY SECURITIES AGENCY ISSUES ACCEPTANCES BANK LOANS N.E.C. MISCELLANEOUS ASSETS 314 301 301 0 26 -13 123 738 736 736 0 -1 3 -46 1.481 1.497 1.497 0 -23 7 30 1.984 1.939 1.939 0 59 -14 63 2.856 2.773 2.773 0 52 31 -60 3.381 3.451 3.451 0 -6 8 -2 8 3.828 3.724 3.724 0 93 11 92 3.513 3.548 3.514 34 6 -41 199 4.805 4.834 4.830 4 -29 0 21 3.681 3.787 3.825 -38 -106 0 235 7 8 9 10 11 12 13 302 -330 -237 -1.128 -1.093 334 1.350 306 343 1.677 67 830 2.046 -405 -260 3.838 801 273 2.321 403 319 4.439 1.347 599 4.755 1.298 481 3.952 767 1.264 14 15 16 562 -146 74 634 307 -214 -33 -127 -54 -155 800 25 68 707 -99 678 90 -2 590 102 2.800 264 -76 2.612 -89 2.052 345 53 1.654 712 1.892 -158 -68 2.118 -293 2.376 164 204 2.008 117 2.889 875 -9 2.023 87 1.543 -1.069 81 2.531 378 17 18 19 20 21 1 CURRENT SURPLUS 7 8 9 10 11 12 13 14 NET INCREASE IN LIABILITIES MEMBER BANK RESERVES 15 VAULT CASH OF COML. BANKS 16 17 18 19 20 21 DEMAND DEPOSITS + CURRENCY DUE TO U.S. GOVERNMENT DUE TO REST OF THE WORLD CURRENCY OUTSIDE BANKS MISCELLANEOUS LIABILITIES COMMERCIAL BANKING (1) 1 CURRENT SURPLUS 2 PLANT ♦ EQUIPMENT 3 NET ACQ. OF FINANCIAL ASSETS 4 DEMAND DEPOSITS + CURRENCY 5 TOTAL BANK CREDIT U.S. GOVT. SECURITIES 6 7 TREASURY ISSUES 8 AGENCY ISSUES 9 10 ST.+LOC. OBLIGATIONS CORPORATE BONDS 11 12 13 14 15 16 TOTAL LOANS MORTGAGES CONSUMER CREDIT 17 18 19 bank loans n.e.c. OPEN-MARKET PAPER SECURITY CREDIT CORPORATE EQUITIES VAULT CASH + MEM. BANK RES. MISCELLANEOUS ASSETS 20 NET INCREASE IN LIABILITIES 21 DEMANO DEPOSITS, NET U.S. GOVERNMENT 22 23 OTHER 1.882 570 1.633 493 1.400 584 1.628 644 1.807 873 2.074 792 2.270 866 2.561 1.005 2.401 963 3.054 1.291 1 2 3.998 -29 4.575 -8.828 -7.707 -1.121 9.725 17 9.347 2.464 2.067 397 17.689 36 16.648 6.288 5.610 678 21.494 12 20.043 1.251 -162 1.413 18.352 10 18.411 -2.934 -3.265 331 25.125 10 23.258 304 -219 523 30.005 -7 28.609 -2.790 -3.378 5 88 21.214 32 18.172 -3.113 -3.412 299 40.246 50 37.596 9.505 6.468 3.037 44.695 23 40.167 3.349 2.053 1.296 3 4 5 6 7 8 406 -133 607 -196 2.782 -161 5.191 133 4.445 -468 3.572 485 5.147 -119 2.399 56 9.121 939 8.551 193 9 10 13.129 2.622 3.469 6.249 550 239 6.468 661 2.243 3.610 -371 325 7.738 1.636 1.446 3.081 492 1.083 13.468 4.034 2.694 5.992 -62 810 17.367 4.938 4.114 7.066 120 1.129 18.894 4.562 5.088 8.204 593 447 26.361 5.699 5.447 15.811 -438 -158 18.819 4.680 2.970 9.508 1.064 597 18.020 4.539 3.509 6.465 2.047 1.460 28.062 6.582 6.773 13.769 -382 1.320 11 12 13 14 15 16 1 4 1 0 1 3 10 11 11 12 17 -567 19 -759 1.120 649 356 897 542 -665 596 1.074 783 722 681 1.946 1.064 1.779 821 2.031 2.474 18 19 3.461 1.351 800 551 8.622 2.032 895 1.137 16.669 5.084 1 5.083 20.482 4.536 1.212 3.324 17.934 2.163 -610 2.773 23.362 6.690 -38 6.728 28.676 5.287 -985 6.272 19.997 1.790 -533 2.323 38.524 12.105 242 11.863 42.857 13.285 -224 13.509 20 21 22 23 1.024 0 998 26 5.761 1.095 4.626 40 9.391 2.128 7.220 43 15.560 2.977 12.578 5 14.355 3.679 10.614 62 14.444 2.706 11.712 26 19.986 3.666 16.245 75 13.217 -592 13.771 38 23.914 4.671 19.132 111 20.721 3.138 17.429 154 24 25 26 27 24 25 26 27 TIME DEPOSITS LARGE NEGOTIABLE CD'S OTHER AT COMMERCIAL BANKS AT FOREIGN BANKING OFF. 28 FED FUNDS + SECURITY RP'S 224 -234 276 49 -37 514 1.209 -75 -15 927 28 29 30 31 32 NET INTERBANK CLAIMS TO MONETARY AUTHORITIES TO FOREIGN BANKS TO DOMESTIC BANKS (2) 948 701 21 226 754 -150 828 76 1.359 543 127 689 -256 525 -106 -675 -110 -309 252 -53 20 131 484 -595 -78 -418 113 227 4.028 339 2.863 826 540 -59 566 33 3.788 1.046 2.145 597 29 30 31 32 33 34 35 36 CORPORATE EQUITY ISSUES CREDIT MARKET DEBT CORPORATE BONDS OPEN-MARKET PAPER 132 0 0 0 122 0 0 0 178 0 0 0 96 0 0 0 51 233 233 0 45 540 540 0 -62 817 817 0 -11 104 104 0 -37 269 269 0 -57 258 258 0 33 34 35 36 37 38 PROFIT TAXES PAYABLE MISCELLANEOUS LIABILITIES -460 242 999 -812 -891 1.272 495 2 -451 1.730 213 896 -132 1.649 -31 975 -81 1.829 -51 3.986 37 38 775 4.335 37 9.018 -204 15.564 -28 19.233 516 17.281 -481 22.808 75 28.757 339 17.564 -284 36.125 -75 38.835 39 40 39 DISCREPANCY 40 MEMO: CREDIT MKT. FUNDS ADV. <1> CONSISTS OF U.S.-CHARTERED COMMERCIAL BANKS, THEIR DOMESTIC AFFILIATES, EDGE ACT CORPORATIONS, AGENCIES AND BRANCHES OF FOREIGN BANKS, AND BANKS IN U.S. POSSESSIONS. EDGE ACT CORPORATIONS AND OFFICES OF FOREIGN BANKS APPEAR TOGETHER IN THESE TABLES AS "FOREIGN BANKING OFFICES." (2) FLOATS AND DISCREPANCIES IN INTERBANK DEPOSITS AND LOANS. MILLIONS OF DOLLARS OCTOBER 1979 BANKING SYSTEM BANKING SYSTEM 27 SECTOR STATEMENTS OF SAVING AND INVESTMENT 1969-78 ANNUAL FLOWS, ANNUAL FLOWS, 1970 1969 1971 1972 1973 1974 1975 1976 1977 1978 1969-78 MONETARY AUTHORITY CURRENT SURPLUS 1 13.303 1.646 565 2.706 907 NET ACQ. OF FINANCIAL ASSETS GOLD + FOREIGN EXCHANGE TREASURY CURR. + SDR CTFS. F.R. FLOAT F.R. LOANS TO DOMESTIC BANKS 2 3 4 5 6 7.144 7.181 5.798 1.383 -37 0 -584 6.950 7.317 7.743 -426 -367 0 529 CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES TREASURY SECURITIES AGENCY ISSUES ACCEPTANCES BANK LOANS N.E.C. MISCELLANEOUS ASSETS 7 8 9 10 11 12 13 9.775 -894 -131 8.328 1.712 1.801 12.623 4.353 1.548 10.549 3.085 163 7.301 251 4.917 -3.347 -29 8.293 -102 6.272 -3.070 56 9.286 450 1 40 21 -60 101 132 130 236 48 223 680 2 3 4 5 6 4.002 -97 53 -42 -5 5.386 -1.359 701 821 152 8.474 -841 478 82 -296 2.176 -371 686 -369 1.942 8.136 -190 403 -875 -723 6.541 80 537 -1.098 -959 11.218 84 959 1.687 -70 9.823 88 1.398 -1.087 -204 8.551 -29 571 1.209 240 7 8 9 10 11 12 13 4.223 4.217 4.217 0 6 0 -130 4.981 4.988 4.988 0 -7 0 90 8.866 8.662 8.076 586 204 0 185 271 426 -312 738 -155 0 17 9.227 9.265 8.610 655 -38 0 294 6.150 5.219 1.985 3.234 931 0 1.831 8.537 8.410 7.433 977 127 0 21 9.834 9.969 9.087 882 -135 0 -206 14 15 16 3.962 226 115 5.365 2.065 -273 8.534 3.638 494 2.075 -2.141 1.125 8.004 1.413 2.040 6.411 -1.217 952 10.982 209 612 17 18 19 20 21 3.279 571 -100 2.808 342 3.068 -382 -31 3.481 505 4.408 897 119 3.392 -6 3.210 -1.106 -96 4.412 -119 3.374 -498 -69 3.941 1.177 6.956 439 223 6.294 -280 10.623 4.470 -39 6.192 -46 2 NET INCREASE IN LIABILITIES MEMBER BANK RESERVES VAULT CASH OF COML. BANKS DEMAND DEPOSITS + CURRENCY DUE TO U.S. GOVERNMENT DUE TO REST OF THE WORLD CURRENCY OUTSIDE BANKS MISCELLANEOUS LIABILITIES 14 15 16 17 18 19 20 21 COMMERCIAL BANKING <11 1 2 3.807 1.834 3.304 2.122 2.546 2.243 3.279 2.587 3.394 3.072 2.614 4.053 2.763 4.576 3.383 4.559 3.161 4.419 3.374 4.196 3 4 5 6 7 8 19.359 35 17.862 -10.048 -9.708 -340 39.146 103 37.119 10.759 6.918 3.841 56.838 127 51.174 7.124 3.115 4.009 76.092 169 75.071 6.481 2.422 4.059 86.642 286 81.268 -1.294 -8.872 7.578 69.993 -182 64.623 713 -2.921 3.634 31.031 112 31.461 30.003 28.626 1.377 64.805 -155 66.287 20.178 18.709 1.469 97.976 508 89.886 -1.146 -1.918 772 141.196 276 125.920 504 -6.528 7.032 9 10 643 -91 10.668 1.058 12.607 940 7.151 1.313 5.696 340 5.392 1.021 1.779 1.804 3.049 -646 9.179 -40 9.550 -297 11 12 13 14 15 16 27.350 5.441 4.931 16.806 1.281 -1.109 14.617 2.130 2.230 7.334 1.482 1.441 30.507 9.760 8.700 10.986 286 775 60.103 16.799 12.676 26.075 -204 4.757 76.477 19.754 12.619 48.792 -1.268 -3.420 57.485 12.825 3.369 41.259 2.220 -2.188 -2.135 3.847 3.066 -12.212 1.098 2.066 43.671 14.340 11.988 7.025 3.691 6.627 81.862 27.352 22.259 29.752 263 2.236 116.123 34.984 26.942 58.351 -1.287 -2.867 17 8 17 -4 23 49 12 10 35 31 40 18 19 341 1. 121 1.792 132 4.132 1.405 -1.016 1.868 3.453 1.635 -265 5.817 821 -1.363 -1.025 -302 3.513 4.069 5.901 9.099 20 21 22 23 17.203 4.634 44 4. 590 37.521 9.306 2.884 6.422 55.186 13.126 2.231 10.895 74.167 21.002 706 20.296 83.747 12.877 -1.008 13.885 67.586 -350 -5.058 4.708 29.168 5.026 -1.692 6.718 63.037 12.612 -89 12.701 93.252 26.051 4.292 21.759 135.757 21.958 6.760 15.198 24 25 26 27 -9.465 -12. 549 2. 853 231 37.965 15.155 22.434 376 41.363 8.685 32.418 260 42.433 9.760 33.045 -372 50.691 20.012 29.718 961 56.829 28.515 27.190 1.124 30.286 -10.148 37.050 3.384 40.295 -17.505 57.418 382 54.695 11.989 40.490 2.216 65.042 22.578 36.043 6.421 CURRENT SURPLUS PLANT + EQUIPMENT 1 2 NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY TOTAL BANK CREDIT U.S. GOVT. SECURITIES TREASURY ISSUES AGENCY ISSUES 3 4 5 6 7 8 ST.+LOC. OBLIGATIONS CORPORATE BONDS 9 10 TOTAL LOANS MORTGAGES CONSUMER CREDIT BANK LOANS N.E.C. OPEN-MARKET PAPER SECURITY CREDIT 11 12 13 14 15 16 CORPORATE EQUITIES 17 VAULT CASH + MEM. BANK RES. MISCELLANEOUS ASSETS NET INCREASE IN LIABILITIES DEMAND DEPOSITS, NET U.S. GOVERNMENT OTHER TIME DEPOSITS LARGE NEGOTIABLE CD'S OTHER AT COMMERCIAL BANKS AT FOREIGN BANKING OFF. 18 19 20 21 22 23 24 25 26 27 28 5.296 -4.154 3.707 2.636 16.664 1.572 1.453 13.890 10.561 18.769 FED FUNDS + SECURITY RP'S 28 29 30 31 32 12.092 -47 12.270 -131 -4.769 973 -6.388 646 -5.873 -214 -4.610 -1.049 -3.887 1.573 -728 -4.732 -3.811 -1.598 -2.690 477 326 -2.057 -235 2.618 -9.752 1.617 -9.859 -1.510 -8.177 -1.291 -5.850 -1.036 -6.935 1.449 -820 -7.564 9.729 3.613 5.423 693 NET INTERBANK CLAIMS TO MONETARY AUTHORITIES TO FOREIGN BANKS TO DOMESTIC BANKS 12) 29 30 31 32 33 34 35 36 -31 4.110 -184 4. 294 127 -1.847 98 -1.945 624 479 855 -376 1.168 1.801 1.137 664 1.216 2.252 8 2.244 1.000 3.606 155 3.451 1.000 511 189 322 1.600 -113 682 -795 572 1.830 554 1.276 1.143 6.877 177 6.700 CORPORATE EQUITY ISSUES CREDIT MARKET DEBT CORPORATE BONDS OPEN-MARKET PAPER 33 34 35 36 37 38 78 489 340 553 -27 1.787 -200 9.214 85 3.773 125 4.478 -325 969 0 2.930 0 6.478 300 11.939 PROFIT TAXES PAYABLE MISCELLANEOUS LIABILITIES 37 38 39 40 -183 18.963 -443 35.661 -1.349 50.403 -1.233 70.291 -2.573 84.639 -3.846 66.799 -3.676 29.385 -2.944 59.625 -5.982 87.619 -6.261 128.747 MILLIONS OF DOLLARS DISCREPANCY MEMO: CREDIT MKT. FUNDS ADV. (1) CONSISTS OF U.S.-CHARTERED COMMERCIAL BANKS, THEIR DOMESTIC AFFILIATES, EDGE ACT CORPORATIONS, AGENCIES AND BRANCHES OF FOREIGN BANKS, AND BANKS IN U.S. POSSESSIONS. EDGE ACT CORPORATIONS AND OFFICES OF FOREIGN BANKS APPEAR TOGETHER IN THESE TABLES AS "FOREIGN BANKING OFFICES." (2) FLOATS AND DISCREPANCIES IN INTERBANK DEPOSITS AND LOANS. 39 40 OCTOBER 1979 COMMERCIAL BANKING SUBSECTORS 28 COMMERCIAL BANKING SUBSECTORS SUBSECTOR STATEMENTS FOR COMPONENT GROUPS IN COMMERCIAL BANKING ANNUAL FLOWS, 1949-58 ANNUAL FLOWS, 1949 1950 1951 1952 1953 1955 1954 1949-58 1956 1957 1958 U.S.-CHARTERED COMMERCIAL BANKS 1 CURRENT SURPLUS 2 PLANT + EQUIPMENT 3 NET ACQ. OF FINANCIAL ASSETS 4 TOTAL BANK CREDIT U.S. GOVT. SECURITIES 5 TREASURY ISSUES 6 7 AGENCY ISSUES 8 9 10 11 12 13 14 15 16 17 ST.+LOC. OBLIGATIONS CORPORATE BONDS TOTAL LOANS MORTGAGES CONSUMER CREDIT BANK LOANS N.E.C. OPEN-MARKET PAPER SECURITY CREDIT VAULT CASH + MEM. BK. RES. MISCELLANEOUS ASSETS 18 NET INCREASE IN LIABILITIES 19 DEMAND DEPOSITS, NET 20 U.S. GOVERNMENT 21 OTHER 662 129 690 151 846 181 775 209 840 225 762 274 1.216 350 1.442 387 1.380 423 1.105 473 1 2 2.112 5.984 4.461 4.383 78 7.905 6. 536 -5.170 -4.978 -192 9.124 6.051 -565 -503 -62 9.061 9.090 2.097 1.794 303 4.131 4.068 1.599 108 1.491 9.228 10.184 5.505 5.555 -50 5.208 4.985 -8.058 -7.389 -669 5.508 4.444 -3.523 -3.040 -483 5.458 5.006 -302 -313 11 14.762 15.291 8.712 8.137 575 3 4 5 6 7 887 152 1.569 159 1.076 -223 996 -130 632 17 1.765 -75 112 -313 203 -417 1.014 137 2.590 -43 8 9 484 739 1.176 -1.764 4 329 9.978 1.997 1.997 5.585 177 222 5.763 1.041 313 4.388 321 -300 6.127 1.130 2.206 1.951 238 602 1.820 979 1.757 -1.212 -104 400 2.989 1.722 262 137 -23 891 13.244 2.392 2.916 7.602 -249 5 83 8.181 1.697 1.671 5.524 45 -756 4.157 598 1.371 1.953 295 -60 4.032 2.143 479 436 534 440 10 11 12 13 14 15 -3.879 7 1.277 92 2.898 175 -50 21 -31 94 -1.327 371 342 -119 633 431 49 403 -616 87 16 17 1.682 788 733 55 7.414 5.526 -265 5.791 8.722 6.744 553 6.191 8.625 5.107 1.582 3.525 3.674 102 -795 897 8.569 4.437 26 4.411 4.609 2.121 -463 2.584 4.967 1.732 24 1.708 4.866 -731 165 -896 13.923 5.588 352 5.236 18 19 20 21 425 0 425 255 0 255 1.63 0 0 1.630 3.091 0 3.091 3.345 0 3.345 3.747 0 3.747 1.319 0 1.319 1.986 0 1.986 5.430 0 5.430 7.956 0 7.956 22 23 24 22 23 24 TIME DEPOSITS LARGE NEGOTIABLE CD'S OTHER 25 FED FUNDS * SECURITY RP’S 13 21 68 15 15 -57 -185 -5 -103 61 25 26 27 28 29 30 NET INTERBANK LIABILITIES F.R. FLOAT BORROWING AT F.R. BANKS TO FOREIGN BANKS TO DOMESTIC BANKS 243 -7 -25 130 145 1.105 834 59 76 136 -229 -184 -48 343 -340 -92 -217 108 -77 94 -141 -32 -114 -81 86 -284 -127 -3 -121 -33 1.246 777 97 68 304 207 80 -82 99 110 -857 -241 25 -298 -343 -104 -128 -4 -80 108 26 27 28 29 30 31 32 33 CORPORATE EQUITIES CORPORATE BONDS PROFIT TAXES PAYABLE 11 0 44 72 0 117 144 0 162 139 0 178 114 0 174 228 0 -26 -51 0 -376 267 0 306 273 0 81 54 0 -23 31 32 33 34 MISCELLANEOUS LIABILITIES 158 318 203 187 65 524 535 474 773 391 34 103 5.655 48 6.314 263 6.351 130 8.488 158 3.668 -171 9.293 267 4.402 514 5.200 365 5.066 -207 14.851 35 36 35 DISCREPANCY 36 MEMO: CREDIT MKT. FUNDS ADV. DOMESTIC AFFILIATES OF COMMERCIAL BANKS 1 NET ACQ. OF FINANCIAL ASSETS 2 BANK LOANS N.E.C. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 3 NET INCREASE IN LIABILITIES NET INTERBANK CLAIMS 4 5 COMMERCIAL PAPER ISSUES MISCELLANEOUS LIABILITIES 6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3 4 5 6 FOREIGN BANKING OFFICES IN U.S. 1 NET ACQ. OF FINANCIAL ASSETS CREDIT MARKET INSTRUMENTS 2 3 U.S. GOVERNMENT SECURITIES 4 STATE + LOCAL OBLIGATIONS CORPORATE BONDS 5 BANK LOANS N.E.C. 6 OPEN-MARKET PAPER 7 8 9 10 CORPORATE EQUITIES SECURITY CREDIT MISCELLANEOUS ASSETS 11 NET INCREASE IN LIABILITIES DEMAND DEP. IN MONEY STOCK 12 13 TIME DEPOSITS 275 209 74 11 17 93 14 228 158 62 8 12 66 10 33 7 257 75 15 23 126 18 253 170 43 11 17 86 13 92 -12 -10 21 32 -48 -7 282 70 55 -8 -12 30 5 44 33 -25 83 127 -132 -20 410 -66 53 -66 -101 42 6 44 -189 -31 -8 -13 -119 -18 256 68 23 -8 -12 56 9 1 2 3 4 5 6 7 0 50 16 0 50 20 0 50 30 1 50 32 1 100 3 2 100 110 1 100 -90 0 100 376 3 100 130 1 41 146 8 9 10 275 53 23 228 69 20 337 75 15 253 52 52 92 21 50 282 76 49 44 19 -12 410 83 56 44 79 -64 256 -20 -18 11 12 13 132 159 -27 -4 5 -9 152 168 -16 44 49 -5 227 251 -24 70 61 9 224 232 -8 14 15 16 17 25 5 -7 44 -41 70 17 14 15 16 NET INTERBANK LIABILITIES TO FOREIGN BANKS TO DOMESTIC BANKS 189 205 -16 139 149 -10 238 260 -22 17 MISCELLANEOUS LIABILITIES 10 0 9 BANKS IN U.S. POSSESSIONS 1 NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY 2 CREOIT MARKET INSTRUMENTS 3 4 U.S. GOVERNMENT SECURITIES 5 STATE + LOCAL OBLIGATIONS CORPORATE BONDS 6 7 HOME MORTGAGES 8 COMMERCIAL MORTGAGES 9 MISCELLANEOUS ASSETS -17 -8 -23 -44 0 12 15 -6 14 47 -5 8 -27 20 -6 22 -1 44 24 37 -16 -42 5 -7 25 3 3 31 -4 26 19 2 0 1 4 9 2 3 4 -8 4 4 2 2 -5 39 -6 19 14 6 -3 1 1 26 38 7 24 -18 1 3 24 14 7 83 21 43 15 6 4 11 7 19 138 28 32 10 8 -6 2 18 78 119 17 78 19 8 8 28 15 24 1 2 3 4 5 6 7 8 9 .0 NET INCREASE IN DEPOSIT LIAB. -17 47 24 31 2 39 38 83 138 119 10 MILLIONS OF DOLLARS OCTOBER 1979 COMMERCIAL BANKING SUBSECTORS COMMERCIAL BANKING SUBSECTORS 29 SUBSECTOR STATEMENTS FOR COMPONENT GROUPS IN COMMERCIAL BANKING ANNUAL FLOWS, 1959-68 1959 ANNUAL FLOWS, 1960 1961 1962 1963 1964 1965 1966 1967 1968 1959-68 U.S.-CHARTERED COMMERCIAL BANKS 1 2 1.882 570 1.633 493 1.400 584 1.628 644 1.807 873 2.074 792 2.270 866 2.561 1.005 2.401 963 3.054 1.291 3 4 5 6 7 3.903 4.474 -8.825 -7.704 -1.121 9.154 9.152 2.463 2.066 397 17.378 16.172 6.253 5.575 678 21.228 19.973 1.269 -144 1.413 17.974 18.166 -2.863 -3.194 331 24.524 23.122 274 -249 523 29.899 28.548 -2.856 -3.444 588 20.238 17.542 -3.085 -3.384 299 39.801 36.887 9.347 6.310 3.037 43.486 39.717 3.289 1.993 1.296 8 9 408 -128 611 -181 2.776 -160 5.115 15 4.512 -343 3.562 488 5.121 -148 2.349 15 9.002 738 8.567 260 10 11 12 13 14 15 13.019 2.628 3.469 6.175 540 207 6.259 653 2.243 3.502 -388 249 7.303 1.609 1.446 2.735 440 1.073 13.574 3.966 2.694 6.013 -59 960 16.860 4.896 4.114 6.991 109 7 50 18.798 4.492 5.088 8.149 585 484 26.431 5.626 5.447 15.707 -454 105 18.263 4.621 2.970 9.130 1.007 535 17.800 4.478 3.509 6.327 2.026 1.460 27.601 6.559 6.773 13.388 -439 1.320 16 17 -567 -4 -759 761 649 557 897 358 -665 473 1.074 328 722 629 1.946 750 1.779 1.135 2.031 1.738 18 19 20 21 3.366 941 800 141 8.051 1.912 895 1.017 16.358 5.003 1 5.002 20.216 4.571 1.212 3.359 17.556 2.260 -610 2.870 22.761 5.955 -38 5.993 28.570 5.458 -985 6.443 19.021 1.607 -533 2.140 38.079 11.975 242 11.733 41.648 12.154 -224 12.378 NET INCREASE IN LIABILITIES DEMAND DEPOSITS, NET U.S. GOVERNMENT OTHER 18 19 20 21 22 23 24 998 0 998 5.721 1.095 4.626 9.348 2.128 7.220 15.555 2.977 12.578 14.293 3.679 10.614 14.418 2.706 11.712 19.911 3.666 16.245 13.179 -592 13.771 23.803 4.671 19.132 20.567 3.138 17.429 TIME OEPOSITS LARGE NEGOTIABLE CD'S OTHER 22 23 24 25 224 -234 276 49 -37 514 1.209 -75 -15 927 FED FUNDS ♦ SECURITY RP'S 25 26 27 28 29 30 1. 185 294 407 239 245 417 278 -428 393 174 1.216 453 90 -25 698 -376 603 -78 -170 -731 -268 -303 -6 51 -10 -106 6 125 117 -354 117 -358 -60 324 211 3.690 262 77 2.656 695 775 -27 -32 156 678 3.706 999 47 1.789 871 NET INTERBANK LIABILITIES F.R. FLOAT BORROWING AT F.R. BANKS TO FOREIGN BANKS TO DOMESTIC BANKS 26 27 28 29 30 31 32 33 132 0 -460 122 0 999 178 0 -891 96 0 495 51 233 -451 45 540 213 -62 817 -132 -11 104 -31 -37 269 -81 -57 258 -51 CORPORATE EQUITIES CORPORATE BONDS PROFIT TAXES PAYABLE 31 32 33 34 346 -886 1.228 -174 1.475 1.182 1.252 558 1.390 4.144 MISCELLANEOUS LIABILITIES 34 775 4.267 37 8.903 -204 15.099 -28 19.013 516 17.416 -481 22.638 75 28.443 339 17.007 -284 35.427 -75 38.397 DISCREPANCY MEMO: CREDIT MKT. FUNDS ADV. 35 36 35 36 CURRENT SURPLUS PLANT + EQUIPMENT 1 2 NET ACQ. OF FINANCIAL ASSETS TOTAL BANK CREDIT U.S. GOVT. SECURITIES TREASURY ISSUES AGENCY ISSUES 3 4 5 6 7 ST.+LOC. OBLIGATIONS CORPORATE BONDS 8 9 TOTAL LOANS MORTGAGES CONSUMER CREDIT BANK LOANS N.E.C. OPEN-MARKET PAPER SECURITY CREDIT VAULT CASH + MEM. BK. RES. MISCELLANEOUS ASSETS 10 11 12 13 14 15 16 17 DOMESTIC AFFILIATES OF COMMERCIAL BANKS 1 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NET ACQ. OF FINANCIAL ASSETS BANK LOANS N.E.C. 1 2 3 4 5 6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NET INCREASE IN LIABILITIES NET INTERBANK CLAIMS COMMERCIAL PAPER ISSUES MISCELLANEOUS LIABILITIES 3 4 5 6 NET ACQ. OF FINANCIAL ASSETS CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES STATE ♦ LOCAL OBLIGATIONS CORPORATE BONDS BANK LOANS N.E.C. OPEN-MARKET PAPER 1 2 3 4 5 6 7 FOREIGN BANKING OFFICES IN U.S. 1 2 3 4 5 6 7 124 100 16 0 0 74 10 494 88 -19 -7 -11 108 17 184 435 29 3 5 346 52 143 141 -30 77 118 -21 -3 206 -244 -107 -88 -135 75 11 454 131 43 10 15 55 8 19 223 67 14 22 104 16 700 425 -50 16 24 378 57 151 550 117 108 166 138 21 957 353 44 -51 -78 381 57 8 9 10 1 32 -9 4 76 326 1 10 -262 0 -150 152 1 379 70 3 -37 357 10 -263 49 11 62 202 11 0 -410 12 0 592 11 12 13 124 410 26 494 120 40 184 81 43 143 -35 5 2 06 -97 62 454 735 26 19 -171 75 700 183 38 151 130 111 957 1.131 154 14 15 16 -237 -218 -19 337 435 -98 143 152 -9 120 64 56 158 201 -43 126 367 -241 -195 -211 16 338 207 131 -235 410 -645 82 356 -274 NET INTERBANK LIABILITIES TO FOREIGN BANKS TO DOMESTIC BANKS 14 15 16 17 -75 -3 -83 53 83 -433 310 141 145 -410 MISCELLANEOUS LIABILITIES 17 BANKS CORPORATE EQUITIES SECURITY CREDIT MISCELLANEOUS ASSETS NET INCREASE IN LIABILITIES DEMAND DEP. IN MONEY STOCK TIME DEPOSITS 11 12 13 IN U. S. POSSESSIONS 1 2 3 4 5 6 7 8 9 -29 -29 -32 -19 -2 -5 -7 1 32 77 17 27 20 3 -4 5 3 33 127 36 30 6 3 -6 18 9 61 123 12 79 12 -1 0 47 21 32 172 10 109 36 21 10 36 6 53 147 10 39 -13 0 -18 46 24 98 87 -7 91 -1 12 7 69 4 3 276 32 132 22 34 17 33 26 112 294 50 148 41 11 35 63 -2 96 2 52 23 85 16 35 11 35 -12 144 NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES STATE + LOCAL OBLIGATIONS CORPORATE BONDS HOME MORTGAGES COMMERCIAL MORTGAGES MISCELLANEOUS ASSETS 10 -29 77 127 123 172 147 87 276 294 252 NET INCREASE IN DEPOSIT LIAB. Digitized for MILLIONS FRASER OF DOLLARS 8 9 10 1 2 3 4 5 6 7 8 9 10 OCTOBER 1979 COMMERCIAL BANKING SUBSECTORS 30 COMMERCIAL BANKING SUBSECTORS SUBSECTOR STATEMENTS FOR COMPONENT GROUPS IN COMMERCIAL BANKING ANNUAL FLOWS, ANNUAL FLOWS, 1969-78 1969 1970 1971 1972 1973 1974 1975 1969-78 1976 1977 1978 U.S.-CHARTERED COMMERCIAL BANKS 1 CURRENT SURPLUS 2 PLANT + EQUIPMENT 3 NET ACQ. OF FINANCIAL ASSETS 4 TOTAL BANK CREDIT 5 U.S. GOVT. SECURITIES 6 TREASURY ISSUES AGENCY ISSUES 7 8 9 ST.+LOC. OBLIGATIONS CORPORATE BONDS 10 11 12 13 14 15 TOTAL LOANS MORTGAGES CONSUMER CREDIT BANK LOANS N.E.C. OPEN-MARKET PAPER SECURITY CREDIT 16 17 VAULT CASH + MEM. BK. RES. MISCELLANEOUS ASSETS 18 NET INCREASE IN LIABILITIES DEMAND DEPOSITS, NET 19 U.S. GOVERNMENT 20 21 OTHER 22 23 24 TIME DEPOSITS LARGE NEGOTIABLE CD'S OTHER 3.807 1.834 3.304 2.122 2.546 2.243 3.279 2.587 3.394 3.072 2.614 4.053 2.763 4.576 3.383 4.559 3.161 4.419 3.374 4. 196 1 2 13.403 12.238 -10.097 -9.757 -340 37.478 34.787 10.874 7.033 3.841 55.772 51.123 7.197 3.188 4.009 73.688 73.715 5.954 2.098 3.856 80.028 75.586 -1.381 -8.768 7.387 60.531 56.142 743 -2.751 3.494 28.895 30.579 30.096 28.448 1.648 59.454 61.103 19.555 18.080 1.475 90.828 83.567 -1.267 -2.153 886 119.774 106.912 118 -6.716 6.834 3 4 5 6 7 610 -97 10.454 781 12.783 1.234 7.114 1.359 5.610 373 5.130 1.007 1.634 1.765 2.603 -641 9.213 -304 9.363 -621 8 9 21.822 5.273 4.931 11.631 1.096 -1.109 12.678 2.032 2.230 5.863 1.112 1.441 29.909 9.628 8.700 10.591 215 775 59.288 16.790 12.676 25.470 -318 4.670 70.984 19.642 12.619 43.079 -1.506 -2.850 49.262 12.349 3.369 34.091 1.567 -2. 114 -2.916 3.671 3.066 -12.915 1.108 2.154 39.586 14.301 11.988 3.876 3.233 6.188 75.925 27.272 22.259 24.431 186 1.777 98.052 35.172 26.942 41.175 -2.256 -2.981 10 11 12 13 14 15 341 824 1.792 899 4.132 517 -1.016 989 3.453 989 -265 4.654 821 -2.505 -1.025 -624 3.513 3.748 5.901 6.961 16 17 11.247 4.646 44 4.602 35.853 5.126 2.884 2.242 54.120 12.973 2.231 10.742 71.763 24.320 706 23.614 77.133 12.613 -1.008 13.621 58.124 -1.504 -5.058 3.554 27.032 4.450 -1.692 6.142 57.686 10.245 -89 10.334 86.104 23.032 4.292 18.740 114.335 19.499 6.760 12.739 18 19 20 21 -9.696 -12.549 2.853 37.589 15.155 22.434 41.103 8.685 32.418 42.805 9.760 33.045 49.730 20.012 29.718 55.705 28.515 27.190 26.902 -10.148 37.050 39.913 -17.505 57.418 52.479 11.989 40.490 58.621 22.578 36.043 22 23 24 25 FED FUNDS + SECURITY RP’S 5.296 -4.154 3.707 2.636 16.664 1.572 1.453 13.890 10.561 18.769 25 26 27 28 29 30 NET INTERBANK LIABILITIES F.R. FLOAT BORROWING AT F.R. BANKS TO FOREIGN BANKS TO DOMESTIC BANKS 12.116 -42 -5 11.294 86 9 -3.770 821 152 -6.093 1.350 -6.737 82 -296 -5.056 -1.467 -6.470 -369 1.942 -755 -7.288 -6.482 -875 -723 -911 -3.973 -4.472 -1.098 -959 -2.235 -180 -6.740 1.687 -70 -8.414 57 -10.357 -1.087 -204 -8.885 -181 -6.705 1.209 240 -1.694 -6.460 3.602 2.706 907 2.068 -2.079 26 27 28 29 30 31 32 33 CORPORATE EQUITIES CORPORATE BONDS PROFIT TAXES PAYABLE -31 -184 78 127 98 340 624 855 -27 1.168 1.137 -200 1.216 8 85 1.000 155 125 1.000 189 -325 1.600 682 0 572 554 0 1.143 177 300 31 32 33 34 MISCELLANEOUS LIABILITIES 35 DISCREPANCY 36 MEMO: CREDIT MKT. FUNDS ADV. -978 497 1.622 6.367 3.299 5.543 103 1.713 5.611 12.224 34 -183 13.347 -443 33.346 -1.349 50.348 -1.233 69.045 -2.573 78.436 -3.846 58.256 -3.676 28.425 -2.944 54.915 -5.982 81.790 -6.261 109.893 35 36 DOMESTIC AFFILIATES OF COMMERCIAL BANKS 1 NET ACQ. OF FINANCIAL ASSETS BANK LOANS N.E.C. 2 3.946 3.946 -992 -992 -114 -114 -242 -242 1.702 1.702 916 916 -526 -526 -302 -302 577 577 -953 -953 1 2 3 NET INCREASE IN LIABILITIES NET INTERBANK CLAIMS 4 5 COMMERCIAL PAPER ISSUES 6 MISCELLANEOUS LIABILITIES 3.946 -585 4.294 237 -992 -97 -1.945 1.050 -114 -309 -376 571 -242 392 664 -1.298 1.702 410 2.244 -952 916 185 3.451 -2.720 -526 0 322 -848 -302 0 -795 493 577 0 1.276 -699 -953 -4.496 6.700 -3.157 3 4 5 6 FOREIGN BANKING OFFICES IN U.S. 1 NET ACQ. OF FINANCIAL ASSETS CREDIT MARKET INSTRUMENTS 2 U.S. GOVERNMENT SECURITIES 3 4 STATE + LOCAL OBLIGATIONS CORPORATE BONDS 5 6 BANK LOANS N.E.C. 7 OPEN-MARKET PAPER 8 9 10 CORPORATE EQUITIES SECURITY CREDIT MISCELLANEOUS ASSETS 11 NET INCREASE IN LIABILITIES 12 DEMAND DEP. IN MONEY STOCK TIME DEPOSITS 13 14 15 16 NET INTERBANK LIABILITIES TO FOREIGN BANKS TO DOMESTIC BANKS 17 MISCELLANEOUS LIABILITIES 1 NET ACQ. OF FINANCIAL ASSETS 2 DEMAND DEPOSITS + CURRENCY 3 CREDIT MARKET INSTRUMENTS 4 U.S. GOVERNMENT SECURITIES STATE + LOCAL OBLIGATIONS 5 6 CORPORATE BONDS 7 HOME MORTGAGES 8 COMMERCIAL MORTGAGES 9 MISCELLANEOUS ASSETS 10 NET INCREASE IN DEPOSIT LIAB. MILLIONS OF OOLLARS 895 1.440 21 2 3 1.229 185 2.166 3.172 -144 191 292 2.463 370 671 -142 -234 -193 -295 509 71 2.180 1.201 322 -32 -50 847 114 4.439 4.392 160 26 -43 4.011 238 8.479 7.162 194 50 13 6.252 653 1.602 1.121 -164 33 33 1.229 -10 5.274 4.383 546 2 -74 3.451 458 5.738 4.939 -87 48 157 4.744 77 21.754 19.566 459 -133 142 18.129 969 1 2 3 4 5 6 7 8 0 -553 17 0 -1.023 -4 0 817 23 87 869 49 -570 568 12 -74 1.379 10 -88 559 35 439 417 31 459 309 40 114 2.034 8 9 10 895 -12 231 2.166 4.180 376 671 153 260 2.180 -3.318 -372 4.439 264 961 8.479 1.154 1.124 1.602 576 3.384 5.274 2.367 382 5.738 3.019 2.216 21.754 2.459 6.421 11 12 13 561 976 -415 -902 -295 -607 1.173 446 727 2.191 27 2.164 2.261 -1.779 4.040 4.613 2.000 2.613 -3.012 -1.445 -1.567 2.180 3.035 -855 -230 874 -1.104 10.623 3.355 7.268 14 15 16 733 17 115 -915 3.679 953 654 2.251 -1.488 1.588 345 —— — — ------ ------ ----------------- —-----------———------- —------ — —————_•—----------- —— —— BANKS IN U.S. POSSESSIONS 1.115 35 230 28 31 3 32 136 850 494 103 135 29 23 -15 120 -22 256 509 127 311 161 17 1 107 25 71 466 169 287 205 69 4 22 -13 10 473 286 109 -73 60 10 14 98 78 67 -182 465 -224 212 1 54 422 -216 1.060 112 365 71 112 6 -6 182 583 379 -155 629 77 444 69 129 -90 -95 833 508 313 208 -82 107 -12 92 12 621 276 241 -73 320 182 148 -336 104 1 2 3 4 5 6 7 8 9 1.115 494 509 466 473 67 1.060 379 833 621 10 OCTOBER 1979 NONBANK FINANCE SUMMARY NONBANK FINANCE SUMMARY 31 PRIVATE NONBANK FINANCIAL INSTITUTIONS ANNUAL FLOWS, ANNUAL FLOWS, 1949-58 1950 1949 1951 1952 1953 1954 1955 1956 1957 1958 1949-58 PRIVATE NONBANK FINANCIAL INSTITUTIONS - TOTAL 1 2 1.254 228 1.095 243 1.142 250 1.335 347 1.538 207 1.580 379 1.449 397 1.276 365 1.112 440 1.454 393 3 4 5 6 10.514 257 -20 0 13.079 647 -47 0 10.897 558 170 0 17.365 174 114 0 18.583 299 95 0 19.496 332 183 0 23.346 377 84 0 19.140 111 101 0 20.858 230 103 0 23.413 623 371 0 7 8 9 10 11 12 13 14 878 8.856 -820 647 3.406 4.431 1.256 -64 989 10.638 -1.679 736 2. 897 7.014 1.281 389 725 8.944 -2.942 523 3.847 6.748 357 411 1.442 14.882 321 642 5.069 6.580 1.716 554 1.295 16.086 372 1.408 4.675 7.356 1.949 326 1.733 15.797 -388 1.656 4.361 9.208 741 219 1.641 20.354 -127 1.369 3.167 11.934 3.280 731 1.498 16.473 -1.180 1.172 4.340 10.319 1.495 327 2.191 17.951 -188 1.295 6.356 7.937 1.202 1.349 2.604 18.079 708 1.469 5.577 10.379 -357 303 15 16 17 364 71 108 523 17 312 -71 110 461 81 98 574 364 58 386 806 58 587 436 92 362 34 135 788 -337 160 560 965 148 623 18 19 20 21 22 10.041 2.488 0 4.464 347 11.824 2.407 0 5.779 285 10.554 3.215 0 5.411 344 16.150 5.074 0 6.655 567 17.532 5.766 0 7.258 496 17.336 6.718 0 7.705 628 22.405 7.130 0 8.008 883 18.244 7.318 0 8.343 1.111 20.440 6.889 0 8.966 1.136 21.929 8.899 0 9.388 1.744 23 24 25 26 27 28 29 30 880 382 44 0 368 168 0 -82 1.809 380 46 0 962 38 0 383 549 288 47 0 -237 350 0 101 1.374 257 132 0 678 354 0 -47 1.668 1.401 50 0 -96 225 0 88 131 -77 239 0 206 -152 0 -85 4.206 924 123 0 2.361 248 0 550 500 1.081 -25 0 -500 133 0 -189 1.206 745 -31 0 3 452 0 37 -302 202 305 0 -707 -135 0 33 31 32 33 520 169 1.173 372 43 1.129 -279 68 1.246 375 161 1.944 389 295 1.660 1.005 -243 1.392 296 2 1.880 -588 -114 1.674 129 102 2.012 561 86 1.553 34 553 -403 549 -227 280 -959 111 15 254 -423 (1) CURRENT SURPLUS PHYSICAL INVESTMENT 1 2 NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY TIME + SVGS. ACCOUNTS SECURITY RP’S 3 4 5 6 CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES ST.+LOC. OBLIGATIONS CORPORATE + FOREIGN BONDS MORTGAGES CONSUMER CREDIT OTHER LOANS 7 8 9 10 11 12 13 14 SECURITY CREDIT TRADE CREDIT MISCELLANEOUS ASSETS 15 16 17 NET INCREASE IN LIABILITIES TIME + SAVINGS ACCOUNTS SECURITY RP'S (S+L) INSURANCE + PENSION RESERVES CORPORATE EQUITY ISSUES (1) 18 19 20 21 22 CREDIT MARKET INSTRUMENTS CORPORATE BONDS MORTGAGE LOANS IN PROCESS OTHER MORTGAGES BANK LOANS N.E.C. OPEN-MARKET PAPER MONEY MARKET FUND SHARES FHLB LOANS 23 24 25 26 27 28 29 30 SECURITY CREDIT PROFIT TAXES PAYABLE MISCELLANEOUS LIABILITIES 31 32 33 DISCREPANCY 34 INCLUDES INVESTMENT COMPANY SHARES. SAVINGS INSTITUTIONS COMBINED 1 257 301 396 302 329 390 480 566 575 663 2 3 4 5 2.739 91 -20 0 3.399 79 -47 0 3.652 225 170 0 5.560 66 114 0 6.378 113 95 0 7.490 309 183 0 8.538 194 84 0 7.854 117 101 0 7.726 87 103 0 10.236 318 371 0 6 7 8 9 10 0 2.532 -75 15 210 24 3.310 -543 2 -18 46 2.970 -901 52 176 109 4.935 -160 195 309 95 5.815 -55 93 242 140 6.475 -354 180 125 84 8.181 191 38 -330 50 7.345 89 29 73 62 7.247 387 10 587 95 9.075 291 44 552 11 12 13 14 15 2.229 1.825 298 103 3 3.598 2.947 555 89 7 3.572 2.758 598 213 3 4.331 3.792 348 185 6 5.153 4.684 238 231 0 6.222 5.827 131 261 3 7.777 7.374 142 259 2 6.665 6.240 97 327 1 5.736 5.414 52 272 -2 7.742 6.792 398 556 -4 16 17 18 19 132 25 -4 136 183 88 0 33 62 9 0 241 256 4 0 336 350 32 0 260 254 48 0 383 375 130 0 -5 406 83 0 241 489 38 0 227 343 103 0 377 20 21 22 23 24 25 2.457 2.488 0 -53 0 22 3.027 2.407 0 445 0 175 3.272 3.215 0 152 0 -95 5.229 5.074 0 79 11 65 5.984 5.766 0 131 2 85 6.984 6.718 0 167 -3 102 7.942 7.130 0 725 1 86 7.197 7.318 0 -239 -1 119 7.032 6.889 0 0 0 143 9.454 8.899 0 369 -2 188 26 -25 -71 16 -29 -65 -116 -116 —91 -119 -119 MILLIONS OF DOLLARS CURRENT SURPLUS 1 NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY TIME DEPOSITS SECURITY RP'S 2 3 4 5 6 CORPORATE EQUITIES 7 CREDIT MARKET INSTRUMENTS 8 U.S. GOVT. SECURITIES 9 STATE AND LOCAL GOVT. SEC. 10 CORPORATE BONDS MORTGAGES HOME MORTGAGES MULTI-FAMILY COMMERCIAL FARM 11 12 13 14 15 CONSUMER INSTALMENT CREDIT 16 CONSUMER NONINSTAL. CREDIT 17 MONEY MARKET INSTR. 18 19 MISCELLANEOUS ASSETS NET INCREASE IN LIABILITIES SAVINGS ACCOUNTS SECURITY RP'S CR. MKT. INSTR. (SVGS+LN) PROFIT TAX LIABILITY MISCELLANEOUS LIABILITIES 20 21 22 23 24 25 DISCREPANCY 26 OCTOBER 1979 NONBANK FINANCE SUMMARY NONBANK FINANCE SUMMARY PRIVATE NONBANK FINANCIAL INSTITUTIONS 32 ANNUAL FLOWS, 1959-68 ANNUAL FLOWS, 1959 1960 1961 1962 1963 1964 1965 1959-68 1966 1967 1968 PRIVATE NONBANK FINANCIAL INSTITUTIONS - TOTAL 1 CURRENT SURPLUS 2 PHYSICAL INVESTMENT 3 NET ACQ. OF FINANCIAL ASSETS 4 DEMAND DEPOSITS + CURRENCY 5 TIME + SVGS. ACCOUNTS 6 SECURITY RP'S 7 8 9 10 11 12 13 14 CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES ST.+LOC. OBLIGATIONS CORPORATE + FOREIGN BONDS MORTGAGES CONSUMER CREDIT OTHER LOANS 15 16 17 SECURITY CREDIT TRADE CREDIT MISCELLANEOUS ASSETS 18 NET INCREASE IN LIABILITIES 19 TIME + SAVINGS ACCOUNTS SECURITY RP'S (S+L) 20 21 INSURANCE + PENSION RESERVES 22 CORPORATE EQUITY ISSUES Cl) 1.702 453 1.631 314 1.767 444 1.813 338 1.294 473 918 493 1.131 439 1.389 525 1.419 632 617 1.100 1 2 28.534 33 35 0 28.612 366 37 0 31.470 1.071 355 0 35.278 925 157 0 39.287 57 108 0 40.462 209 273 0 41.591 405 3 0 36.033 -377 3 0 43.185 459 587 0 52.916 739 12 107 3 4 5 6 3.346 24.077 1.044 1.877 4.346 12.166 2.634 2.010 3.412 23.795 55 1.437 4.834 12.215 2.510 2.744 4.402 23.273 561 1.068 5.528 14.782 819 515 4.227 28.859 2.092 567 5.826 16.950 2.257 1.167 3.888 32.553 -104 -63 6.455 21.301 3.219 1.745 3.994 34.363 1.882 6 6.575 20.779 3.232 1.889 6.015 33.154 -382 -451 7.853 19.775 3.484 2.875 5.732 28.617 1.279 220 9.175 11.837 2.844 3.262 9.026 27.692 -2.078 1.321 11.865 14.448 1.468 668 10.849 36.656 2.100 978 9.749 16.010 3.889 3.930 7 8 9 10 11 12 13 14 3 183 857 -124 152 974 1.074 59 1.236 -159 208 1.061 1.531 131 1.019 *485 152 1.956 376 165 1.473 -36 249 1.845 3.214 278 1.929 2.841 300 1.412 15 16 17 27.360 8.416 0 10.876 1.912 27.150 9.465 0 10.546 1.523 29.477 11.335 0 11.074 2.426 33.144 13.102 0 11.554 1 .865 38.747 15.176 0 12.594 1.742 39.767 15.882 0 14.770 2.174 41.521 13.087 0 15.471 3.361 36.255 6.998 0 17.812 3.809 43.872 16.795 0 17.245 3.153 52.996 12.802 0 18.433 6.590 18 19 20 21 22 23 24 25 26 27 28 29 30 CREDIT MARKET INSTRUMENTS CORPORATE BONDS MORTGAGE LOANS IN PROCESS OTHER MORTGAGES BANK LOANS N.E.C. OPEN-MARKET PAPER MONEY MARKET FUND SHARES FHLB LOANS 3.898 1.177 132 0 1.055 698 0 836 2.635 1.379 -107 0 675 841 0 -153 1.585 150 364 0 526 -136 0 681 3.558 -40 449 0 1.122 1.210 0 817 5.582 1.075 529 0 1.653 1.020 0 1.305 4.047 1.764 -289 0 536 1.495 0 541 5.555 1.400 -41 0 2.338 1.186 0 672 2.559 120 -928 0 -1.091 3.520 0 938 -1.108 410 987 0 -1.984 2.028 0 -2.549 5.800 188 192 200 1.474 2.873 0 873 23 24 25 26 27 28 29 30 31 32 33 SECURITY CREDIT PROFIT TAXES PAYABLE MISCELLANEOUS LIABILITIES 39 149 2.070 495 -22 2.508 874 -84 2.267 810 60 2.195 673 52 2.928 138 -34 2.790 360 159 3.528 839 -14 4.252 3.169 -112 4.730 3.454 211 5.706 31 32 33 75 -145 -670 -659 281 -270 622 1.086 1.474 -403 34 34 DISCREPANCY (1) INCLUDES INVESTMENT COMPANY SHARES. SAVINGS INSTITUTIONS COMBINED 1 CURRENT SURPLUS 2 NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY 3 4 TIME DEPOSITS 5 SECURITY RP'S 6 7 8 9 10 11 12 13 14 15 16 17 18 19 CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES STATE AND LOCAL GOVT. SEC. CORPORATE BONDS MORTGAGES HOME MORTGAGES MULTI-FAMILY COMMERCIAL FARM CONSUMER INSTALMENT CREDIT CONSUMER NONINSTAL. CREDIT MONEY MARKET INSTR. MISCELLANEOUS ASSETS 20 NET INCREASE IN LIABILITIES 21 SAVINGS ACCOUNTS SECURITY RP'S 22 23 CR. MKT. INSTR. (SVGS+LN) 24 PROFIT TAX LIABILITY 25 MISCELLANEOUS LIABILITIES 26 DISCREPANCY MILLIONS OF DOLLARS 838 817 1.024 1.003 890 1.148 1.256 1.153 1.013 1.307 1 10.626 -197 35 0 10.288 187 37 0 13.727 481 355 0 15.575 613 157 0 18.442 127 108 0 17.474 65 273 0 15.309 95 3 0 8.312 -516 -139 0 16.273 -209 304 0 15.648 -382 -140 107 2 3 4 5 -49 10.497 459 -7 -128 16 9.595 -321 -49 154 65 12.031 566 5 -149 149 14.062 428 -150 -116 115 17.515 877 -87 -295 101 16.210 629 -49 -169 167 14.374 286 -71 -127 41 7.967 41 -69 287 219 15.011 1.489 -32 2.075 251 15.370 556 50 1.312 6 7 8 9 10 9.295 8.287 381 62 5 2 8.904 7.592 642 671 -1 11.004 8.891 1.052 1.064 -3 13.159 9. 817 1.727 1.615 0 16.125 12.256 2.107 1.761 1 14.766 11.205 1.963 1.597 1 13.067 10.111 1.642 1.315 -1 6.508 4.717 788 1.002 1 10.467 7.869 1.233 1.301 64 11.729 8.470 1.402 1.857 0 11 12 13 14 15 692 161 25 340 733 159 15 453 390 210 5 795 564 88 89 594 718 275 -98 577 934 43 56 825 1.135 94 -10 670 1.031 55 114 959 915 82 15 948 1.520 76 127 442 16 17 18 19 9.761 8.416 0 1.074 1 270 9.334 9.465 0 -295 0 164 12.629 11.335 0 1.023 -1 272 14.456 13.102 0 1.224 1 129 17.484 15.176 0 1.924 83 301 16.455 15.882 0 293 8 272 14.144 13.087 0 805 3 249 7.395 6.998 0 83 -44 358 15.587 16.795 0 -1.702 -3 497 14.468 12.802 0 1.132 24 510 20 21 22 23 24 25 -27 -137 -74 -116 -68 129 91 236 327 127 26 OCTOBER 1979 NONBANK FINANCE SUMMARY NONBANK FINANCE SUMMARY 33 PRIVATE NONBANK FINANCIAL INSTITUTIONS ANNUAL FLOWS, ANNUAL FLOWS, 1969-78 1969 1970 1971 1972 PRIVATE 1973 1975 1974 1976 1977 1978 1969-78 nonbank FINANCIAL INSTITUTIONS - TOTAL CURRENT SURPLUS PHYSICAL INVESTMENT 1 2 NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY TIME + SVGS. ACCOUNTS SECURITY RP'S 3 4 5 6 1 2 142 1.153 2,177 1.200 4.798 1.605 4.975 2.209 4.744 1.965 4.671 2.625 3.862 5.434 6.406 3.766 10.961 1.649 13.335 1.429 3 4 5 6 47.543 -434 -561 229 56.210 398 1.138 106 86.101 669 2.412 726 106.169 1.420 1.842 499 90.461 -34 130 2.042 76.537 435 5.745 2.306 113.110 451 4.214 -1.105 152.965 1.029 -2.258 1.634 191.975 924 3.829 2.876 199.578 2.309 7.781 2.570 7 8 9 10 11 12 13 14 12.175 38.513 -1.765 913 8.023 16.572 4.985 9.785 11.293 41.320 2.982 1.892 12.111 17.949 1.673 4.713 19.255 59.042 209 3.970 13.494 32.342 5.191 3.836 16.420 78.057 5.256 4.602 11.995 43.962 6.789 5.453 13.039 76.673 1.282 3.635 11.194 44.806 8.822 6.934 5.793 58.853 2.742 1.646 16.886 23.575 5.323 8.681 9.544 93.116 21.553 5.958 25.621 29.150 5.711 5.123 12.251 130.457 24.971 8.771 31.197 47.943 10.748 6.827 7.405 169.426 22.231 11.902 35.951 70.367 16.255 12.720 7.511 168.146 17.584 14.208 31.640 68.346 20.407 15.961 15 16 17 -3.529 422 728 -1.288 472 2.771 2.576 291 1.130 3.721 1.181 3.029 -4.336 643 2.304 -1.566 / 535 4.436 1.022 648 5.220 4.595 1.210 4.047 2.774 1.122 3.619 1.787 1.260 8.214 18 19 20 21 22 50.264 7.927 0 19.922 6.297 56.358 17.046 0 21.424 4.626 82.085 40.526 0 24.534 2.885 102.343 46.007 300 26.269 1.590 87.377 27.824 0 30.663 282 76.289 22.132 1.500 33.388 -724 113.239 59.436 75 39.730 -399 146.545 69.165 -56 47.896 -562 178.947 69.855 1.935 58.669 280 191.182 59.173 2.130 70.631 514 23 24 25 26 27 28 29 30 12.615 1.010 6 230 1.313 6.026 0 4.030 5.181 2.578 623 116 -101 639 0 1.326 4.531 2.911 1.951 134 1.897 317 0 -2.679 12.879 3.996 1.180 480 5.970 1.210 0 43 21.156 3.506 -1.542 320 9.010 2.694 0 7.168 12.272 1.943 -1.423 169 4.618 308 2.379 6.657 -1.917 2.759 1.884 379 -3.723 743 1.317 -3.959 4.559 5.159 1.712 388 -3.707 2.990 -10 -1.983 25.039 9.567 3.071 12 -279 8.357 201 4.311 31.467 7.300 826 95 2.815 7.934 6.921 12.497 CREDIT MARKET INSTRUMENTS CORPORATE BONDS MORTGAGE LOANS IN PROCESS OTHER MORTGAGES BANK LOANS N.E.C. OPEN-MARKET PAPER MONEY MARKET FUND SHARES FHLB LOANS 23 24 25 26 27 28 29 30 31 32 33 -3.026 108 6.421 980 221 6.880 1.146 -127 8.590 4.116 207 10.975 -3.427 73 10.806 -2.925 -40 8.307 2.884 69 12.044 7.911 492 17.150 2.947 721 19.300 -998 1.445 19.899 SECURITY CREDIT PROFIT TAXES PAYABLE MISCELLANEOUS LIABILITIES 31 32 33 34 1.710 1.125 -823 -1.060 -305 1.798 -1.443 -3.780 -3.716 3.510 (1, CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES ST.+LOC. OBLIGATIONS CORPORATE + FOREIGN BONDS MORTGAGES CONSUMER CREDIT OTHER LOANS 7 8 9 10 11 12 13 14 SECURITY CREDIT TRADE CREDIT MISCELLANEOUS ASSETS 15 16 17 NET INCREASE IN LIABILITIES TIME + SAVINGS ACCOUNTS SECURITY RP'S (S+Li INSURANCE + PENSION RESERVES CORPORATE EQUITY ISSUES (1) DISCREPANCY 18 19 20 21 22 34 INCLUDES INVESTMENT COMPANY SHARES. SAVINGS INSTITUTIONS COMBINED 1 1.606 1.517 1.898 2.192 2.791 2.140 1.853 2.353 3.433 4.272 2 3 4 5 13.977 -196 -579 229 20.773 49 1.035 106 43.290 -154 2.774 726 51.637 354 1.888 499 37.919 -98 -664 2.042 30.738 51 1.460 2.306 59.945 334 5.034 -1.105 73.836 186 -1.528 1.634 88.115 -15 1.049 2.876 82.267 374 —1.199 2.570 6 7 8 9 10 238 14.554 -441 31 332 333 17.440 1.286 27 1.201 475 39.390 3.616 220 3.883 603 47.255 3.479 498 2.136 375 35.053 736 68 -1.092 196 24.178 -24 324 916 161 53.511 9.828 1.623 3.546 63 70.807 10.593 589 2.799 370 81.980 7.459 386 1.163 68 75.859 6.027 582 68 11 12 13 14 15 12.167 9.299 1.527 1.344 -3 11.681 7.953 2.239 1.485 4 27.613 17.694 5.528 4.459 -68 37.416 27.520 4.747 5.137 12 32.656 24.493 3.261 4.900 2 19.842 14.688 1.728 3.428 -2 32.348 24.458 2.608 5.285 -3 49.500 40.633 3.270 5.596 1 65.076 54.883 5.220 4.980 -7 59.161 50.498 4.769 3.890 4 16 17 18 19 2.037 164 264 -269 1.424 116 1.705 1.810 2.644 217 1.197 79 3.087 235 404 1.038 3.566 565 -1.446 1.211 3.104 183 -167 2.547 4.780 401 985 2.010 6.740 270 316 2.674 7.880 318 -302 1.855 9.891 359 -229 4.595 20 21 22 23 24 25 12.642 7.927 0 4.104 6 605 19.615 17.046 0 1.845 16 708 41.600 40.526 0 -66 59 1.081 49.111 46.007 300 1.660 26 1.118 35.126 27.824 0 6.025 36 1.241 28.648 22.132 1.500 4.785 60 171 57.885 59.436 75 -2.312 119 567 70.579 69.165 -56 50 208 1.212 83.527 69.855 1.935 9.923 309 1.505 76.901 59.173 2.130 14.312 416 870 NET INCREASE IN LIABILITIES SAVINGS ACCOUNTS SECURITY RP'S CR. MKT. INSTR. (SVGS+LN) PROFIT TAX LIABILITY MISCELLANEOUS LIABILITIES 20 21 22 23 24 25 26 271 359 208 -334 -2 50 -207 -904 -1.155 -1.094 DISCREPANCY 26 MILLIONS OF DOLLARS CURRENT SURPLUS 1 NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY TIME DEPOSITS SECURITY RP'S 2 3 4 5 6 CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS 7 U.S. GOVT. SECURITIES 8 STATE AND LOCAL GOVT. SEC. 9 CORPORATE BONDS 10 MORTGAGES HOME MORTGAGES MULTI-FAMILY COMMERCIAL FARM 11 12 13 14 15 CONSUMER INSTALMENT CREDIT 16 CONSUMER NONINSTAL. CREDIT 17 MONEY MARKET INSTR. 18 MISCELLANEOUS ASSETS 19 OCTOBER 1979 SAVINGS INSTITUTIONS SAVINGS INSTITUTIONS 34 SECTOR STATEMENTS OF SAVING ANO INVESTMENT ANNUAL FLOWS, 1949-58 ANNUAL FLOWS, 1949 1950 1951 1952 1953 1954 1949-58 1955 1956 1957 1958 SAVINGS ANO LOAN ASSOCIATIONS 110 138 157 166 155 203 272 285 258 319 1 1.594 1.311 46 2.271 2.041 91 2.329 1.907 22 3.438 2.832 45 4.073 3.566 71 4.900 4.146 78 6.023 5.301 143 5.219 4.320 117 5.263 4.278 102 7.001 5.620 171 2 3 4 OTHER ASSETS DEMAND DEPOSITS + CURRENCY TIME DEPOSITS FED. FUNDS + RP'S 237 83 0 0 139 87 0 0 400 105 0 0 561 64 0 0 436 52 0 0 676 248 0 0 579 196 0 0 782 71 0 0 883 57 0 0 1.210 273 0 0 5 6 7 8 U.S. TREASURY SECURITIES U.S.G. AGENCY SEC. STATE+LOCAL GOVT SEC. OPEN-MARKET PAPER MISCELLANEOUS 7 0 0 0 147 25 0 0 0 27 116 0 0 0 179 184 17 0 0 296 133 9 0 0 242 101 1 0 0 326 360 46 0 0 -23 401 93 0 0 217 391 233 0 0 202 646 -37 0 0 328 9 10 11 12 13 1.457 1.503 0 2.097 1.520 0 2.156 2.115 0 3.233 3.088 0 3.830 3.651 0 4.614 4.406 0 5.653 4.890 0 4.826 5.006 0 4.850 4.764 0 6.519 6.064 0 14 15 16 -53 0 44 -15 -82 445 0 46 16 383 152 0 47 4 101 79 0 132 -6 -47 131 0 50 -7 88 167 0 239 13 -85 725 0 123 52 550 -239 0 -25 -25 -189 0 0 -31 -6 37 369 0 305 31 33 17 18 19 20 21 0 7 0 132 0 -111 11 55 2 46 -3 44 1 37 -1 60 0 86 -2 88 22 23 -27 -36 -16 -39 -88 -83 -98 -108 -155 -163 24 1.364 2.157 2.045 3.078 3.779 4.326 5.850 4.931 5.004 6.400 25 1 CURRENT SURPLUS 2 NET ACQ. OF FINANCIAL ASSETS 3 MORTGAGES 4 CONSUMER CREDIT 5 6 7 8 9 10 11 12 13 14 NET INCREASE IN LIABILITIES 15 SAVINGS SHARES 16 SECURITY RP'S 17 18 19 20 21 CREDIT MARKET INSTRUMENTS CORPORATE BONDS MORTGAGE LOANS IN PROCESS BANK LOANS N.E.C. FHLB ADVANCES 22 23 PROFIT TAXES PAYABLE MISCELLANEOUS LIABILITIES 24 DISCREPANCY 25 MEMO: ACQ. OF CREDIT MKT. INST MUTUAL SAVINGS BANKS 1 CURRENT SURPLUS 2 NET ACQ. OF FINANCIAL ASSETS 3 DEMAND DEPOSITS + CURRENCY 4 TIME DEPOSITS 5 FED. FUNDS + SECURITY RP'S 6 7 8 9 10 11 CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS U.S. TREASURY SECURITIES U.S.G. AGENCY SEC. STATE + LOCAL OBLIGATIONS CORPORATE BONDS 12 13 14 15 MORTGAGES CONSUMER CREDIT COMMERCIAL PAPER MISCELLANEOUS ASSETS 16 SAVINGS DEPOSITS 17 MISCELLANEOUS LIABILITIES 18 DISCREPANCY 121 127 199 87 104 97 98 149 155 166 1 1.021 3 -8 0 943 -26 -54 0 1.058 72 19 0 1.797 2 32 0 1.898 42 24 0 2.151 16 27 0 1.996 -14 -46 0 2.035 19 -65 0 1.834 3 -34 0 2.569 -3 35 0 2 3 4 5 0 1.037 -49 -40 15 210 24 993 -556 -20 2 -18 46 859 -1.027 0 52 176 109 1.614 -384 17 195 309 95 1.719 -252 49 93 242 140 1.911 -436 -28 180 125 84 1.954 —292 62 38 -330 50 2.007 -481 61 29 73 62 1.778 -399 147 10 587 95 2.393 -313 -20 44 552 6 7 8 9 10 11 898 7 -4 -11 1.557 28 0 6 1.654 4 0 62 1.464 13 0 40 1.563 24 0 18 2.064 6 0 57 2.450 26 0 18 2.289 36 0 24 1.423 10 0 25 2.094 36 0 49 12 13 14 15 887 15 738 43 875 16 1.710 10 1.778 39 1.963 58 1.831 49 1.844 59 1.658 57 2.347 100 16 17 2 -35 32 10 23 -33 -18 17 36 44 18 CREOIT UNIONS 1 CURRENT SURPLUS 2 NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS ♦ CURRENCY 3 4 TIME DEPOSITS 5 SAVINGS + LOAN SHARES 6 7 8 9 CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES HOME MORTGAGES CONSUMER CREDIT 10 CREDIT UNION SHARES MILLIONS OF DOLLARS 26 36 40 49 70 90 110 132 162 178 1 124 5 0 -12 185 18 0 7 265 48 0 151 325 0 0 82 407 19 0 71 439 45 0 156 519 12 0 130 600 27 0 166 629 27 0 137 666 48 0 336 2 3 4 5 131 7 20 104 160 8 0 152 66 10 11 45 243 6 35 202 317 6 24 287 238 8 12 218 377 15 26 336 407 15 56 336 465 15 35 415 282 15 28 239 6 7 8 9 98 149 225 276 337 349 409 468 467 488 10 OCTOBER 1979 SAVINGS INSTITUTIONS SAVINGS INSTITUTIONS 35 SECTOR STATEMENTS OF SAVING AND INVESTMENT ANNUAL FLOWS, ANNUAL FLOWS, 1959-68 1960 1959 1961 1962 1963 1964 1965 1966 1967 1959-68 1968 SAVINGS AND LOAN ASSOCIATIONS 1 460 469 649 775 630 859 904 874 799 996 2 3 4 8.391 7. 514 200 7.946 6.929 206 10.659 8.764 166 11.470 9.936 42 13.954 12.174 239 11.796 10.389 87 10.225 8.973 112 4.594 3.736 53 9.743 7.278 139 9.709 8.902 204 5 6 7 8 677 -172 0 0 811 148 0 0 1.729 393 0 0 1.492 578 0 0 1.541 115 0 0 1.320 -12 0 0 1.140 39 0 0 805 -526 80 0 2.326 -315 88 0 603 -426 69 0 9 10 11 12 13 658 96 0 0 95 115 121 0 0 427 617 -36 0 0 755 337 20 0 0 557 901 98 0 0 427 523 60 0 0 749 43 8 96 0 0 567 324 88 0 0 839 1.523 159 0 0 871 372 87 75 125 301 14 15 16 7.843 6.607 0 7.356 7.559 0 9.934 8.743 0 10.658 9.351 0 13.265 11.072 0 11.106 10.579 0 9.420 8.498 0 3.992 3.584 0 9.293 10.648 0 8.940 7.386 0 17 18 19 20 21 1.074 0 132 106 836 -295 0 -107 -35 -153 1.023 0 364 -22 681 1.224 0 449 -42 817 1.924 0 529 90 1.305 293 0 -289 41 541 805 0 -41 174 672 83 0 -928 73 938 -1.702 0 987 -140 -2.549 1.132 0 192 67 873 22 23 1 161 0 92 -1 169 1 82 83 186 8 226 3 114 -44 369 -3 350 24 398 - 24 -88 -121 -76 -37 -59 169 99 272 349 227 25 8.468 7.371 9.511 10.335 13.412 11.059 9.619 4.201 9.099 9.765 162 99 189 CURRENT SURPLUS 1 NET ACQ. OF FINANCIAL ASSETS MORTGAGES CONSUMER CREDIT 2 3 4 OTHER ASSETS DEMAND DEPOSITS + CURRENCY TIME DEPOSITS FED. FUNDS + RP’S U.S. TREASURY SECURITIES U.S.G. AGENCY SEC. STATE+LOCAL GOVT SEC. OPEN-MARKET PAPER MISCELLANEOUS NET INCREASE IN LIABILITIES SAVINGS SHARES SECURITY RP’S 5 6 7 8 9 10 11 12 13 14 15 16 CREDIT MARKET INSTRUMENTS CORPORATE BONDS MORTGAGE LOANS IN PROCESS BANK LOANS N.E.C. FHLB ADVANCES 17 18 19 20 21 PROFIT TAXES PAYABLE MISCELLANEOUS LIABILITIES 22 23 DISCREPANCY 24 MEMO: ACQ. OF CREDIT MKT. INST 25 MUTUAL SAVINGS BANKS 1 172 196 223 107 187 207 257 4.536 9 83 0 3.994 26 -13 0 2.750 -24 -40 0 5.383 6 34 0 4.608 51 -48 107 CURRENT SURPLUS 1 NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY TIME DEPOSITS FED. FUNOS + SECURITY RP’S 2 3 4 5 2 3 4 5 1.481 8 -78 0 1.626 2 43 0 2.258 20 43 0 3.292 27 -8 0 3.581 -25 -19 0 6 7 8 9 10 11 -49 1.355 -399 94 -7 -128 16 1.539 -628 61 -49 154 65 2.090 -83 48 5 -149 149 3.087 -53 104 -150 -116 115 3.360 -244 77 -87 -295 101 4.267 -72 93 -49 -169 167 3.711 -306 31 -71 -127 41 2.653 -721 221 -69 287 219 5.047 -445 170 -32 2.075 251 4.106 -485 419 -25 1.312 CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS U.S. TREASURY SECURITIES U.S.G. AGENCY SEC. STATE + LOCAL OBLIGATIONS CORPORATE BONDS 6 7 8 9 10 11 12 13 14 15 1.729 41 25 245 1.943 43 15 26 2.210 54 5 40 3.175 38 89 37 3.904 103 -98 150 4.332 76 56 76 4.061 133 -10 103 2.719 102 114 120 3.154 110 15 77 2.788 95 2 141 MORTGAGES CONSUMER CREDIT COMMERCIAL PAPER MISCELLANEOUS ASSETS 12 13 14 15 16 17 1.237 109 1.366 72 1.934 103 3.059 47 3.270 115 4.243 46 3.594 135 2.563 -11 5.115 147 4.207 112 18 61 -16 2 -79 -9 -40 -8 -36 -22 -100 SAVINGS DEPOSITS MISCELLANEOUS LIABILITIES 16 17 DISCREPANCY 18 CREDIT UNIONS 1 182 176 152 121 73 82 95 117 115 122 2 3 4 5 754 -33 0 113 716 37 0 -6 810 68 0 312 813 8 0 165 907 37 0 127 1.142 68 0 190 1.090 30 0 16 968 34 0 -179 1.147 100 0 182 1.331 -7 0 -161 6 7 8 9 674 10 52 612 685 10 32 643 430 20 30 380 640 20 48 572 743 45 47 651 884 25 45 814 1.044 27 33 984 1.113 129 53 931 865 82 35 748 1.499 163 39 1.297 10 572 540 658 692 834 1.060 995 851 1.032 1.209 MILLIONS OF DOLLARS CURRENT SURPLUS 1 NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY TIME DEPOSITS SAVINGS + LOAN SHARES 2 3 4 5 CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES HOME MORTGAGES CONSUMER CREDIT CREDIT UNION SHARES 6 7 8 9 10 OCTOBER 1979 SAVINGS INSTITUTIONS SAVINGS INSTITUTIONS 36 SECTOR STATEMENTS OF SAVING AND INVESTMENT ANNUAL FLOWS, 1969-78 ANNUAL FLOWS, 1969 1970 1971 1972 1973 1975 1974 1976 1977 1969-78 1978 SAVINGS AND LOAN ASSOCIATIONS 1 CURRENT SURPLUS 1.186 1.018 1.249 1.544 1.948 1.364 1.215 1.501 2.285 2.775 1 2 NET ACQ. OF FINANCIAL ASSETS 3 MORTGAGES 4 CONSUMER CREDIT 9.335 9.462 316 14.107 9.767 472 29.840 23.628 956 37.104 31.753 984 28.778 26.541 1.190 23.640 17.568 839 42.688 29.539 1.184 53.674 44.940 1.174 67.334 58.211 1.283 64.408 51.695 1.210 2 3 4 -443 -181 -37 0 3.868 -222 375 0 5.256 -246 1.718 508 4.367 256 1.078 367 1.047 -200 -463 1.325 5.233 0 682 2.606 11.965 300 4.520 -1.006 7.560 300 -1.425 1.200 7.840 -150 126 2.300 11.503 110 389 1.700 5 6 7 8 -1.482 1.183 25 218 -169 -1.296 1.872 23 1.505 1.611 -559 3.045 27 981 -218 -843 2.423 15 511 560 -1.590 2.308 20 -1.329 976 -1.378 1.213 315 -242 2.037 717 4.080 1.008 901 1.445 5.246 666 -283 -77 1.933 -556 4.910 -25 -274 1.509 680 4.570 75 381 3.598 9 10 11 12 13 14 NET INCREASE IN LIABILITIES SAVINGS SHARES 15 SECURITY RP'S 16 8.422 3.920 0 13.344 10.866 0 28.959 27.793 0 35.456 32.567 300 26.910 20.204 0 22.254 16.006 1.500 41.351 42.769 75 51.455 50.169 -56 64.151 50.888 1.935 60.564 44.209 2.130 14 15 16 17 18 19 20 21 CREDIT MARKET INSTRUMENTS CORPORATE BONDS MORTGAGE LOANS IN PROCESS BANK LOANS N.E.C. FHLB ADVANCES 4.104 0 6 68 4.030 1.845 0 623 -104 1.326 -66 0 1.951 662 -2.679 1.660 0 1.180 437 43 6.025 0 -1.542 399 7.168 4.785 0 -1.423 -449 6.657 -2.312 50 1.884 -2 87 -3.959 50 90 1.712 231 -1.983 9.923 1.155 3.071 1.386 4.311 14.312 666 826 323 12.497 17 18 19 20 21 22 23 PROFIT TAXES PAYABLE MISCELLANEOUS LIABILITIES 6 392 16 617 59 1.173 26 903 36 645 60 -97 119 700 208 1.084 309 1.096 416 -503 22 23 5 6 7 8 9 10 11 12 13 OTHER ASSETS DEMAND DEPOSITS + CURRENCY TIME DEPOSITS FED. FUNDS + RP'S U.S. TREASURY SECURITIES U.S.G. AGENCY SEC. STATE+LOCAL GOVT SEC. OPEN-MARKET PAPER MISCELLANEOUS 24 DISCREPANCY 25 MEMO: ACQ. OF CREDIT MKT. INST 273 255 368 -104 80 -22 -122 -718 -898 -1.069 24 9.722 12.343 28.078 34.843 27.140 18.315 37.429 51.666 63.549 58.611 25 MUTUAL. SAVINGS BANKS 1 CURRENT SURPLUS 2 NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS * CURRENCY 3 4 TIME DEPOSITS FED. FUNDS + SECURITY RP'S 5 260 295 445 395 550 445 382 438 669 888 1 3.054 24 -101 229 4.716 107 244 106 10.374 -33 152 218 11.012 70 185 132 5.962 123 186 717 3.761 4 210 -300 11.506 107 56 -99 13.756 25 0 434 12.475 49 -3 576 10.898 130 349 870 2 3 4 5 6 7 8 9 10 11 CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS U.S. TREASURY SECURITIES U.S.G. AGENCY SEC. STATE + LOCAL OBLIGATIONS CORPORATE BONDS 238 2.764 -612 154 6 332 333 3.727 -71 438 4 1.201 475 9.265 117 797 193 3.883 603 9.544 242 1.136 483 2.136 375 4.326 -516 57 48 -1.092 196 3.141 -439 192 9 916 161 10.716 2.185 1.731 615 3.546 63 12.493 1.100 2.943 872 2.799 370 11.137 55 2.592 411 1.163 68 8.484 -945 1.705 507 68 6 7 8 9 10 11 12 13 14 15 MORTGAGES CONSUMER CREDIT COMMERCIAL PAPER MISCELLANEOUS ASSETS 2.681 157 46 -100 1.845 110 200 199 3.938 121 216 297 5.510 144 -107 478 5.674 272 -117 235 2.202 186 75 510 2.329 226 84 565 4.053 333 393 741 6.465 479 -28 346 7.053 706 -610 997 12 13 14 15 2.579 213 4.434 91 9.861 -92 10.172 215 4.734 596 3.120 268 11.172 -133 13.004 128 11.140 409 8.612 1.373 16 17 -2 104 -160 -230 -82 72 -85 -186 -257 -25 18 16 SAVINGS DEPOSITS 17 MISCELLANEOUS LIABILITIES 18 DISCREPANCY CREDIT UNIONS 1 CURRENT SURPLUS 2 NET ACQ. QF FINANCIAL ASSETS 3 DEMAND DEPOSITS + CURRENCY 4 TIME DEPOSITS 5 SAVINGS ♦ LOAN SHARES 6 7 8 9 CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES HOME MORTGAGES CONSUMER CREDIT .0 CREDIT UNION SHARES MILLIONS OF DOLLARS 160 204 204 253 293 331 256 414 479 609 1 1.588 -39 0 -441 1.950 164 0 416 3.076 125 0 904 3.521 28 50 575 3.179 -21 262 -649 3.337 47 200 368 5.751 -73 466 -8 6.406 -139 -166 63 8.306 86 50 876 6.961 134 15 -1.952 2 3 4 5 2.068 316 24 1.728 1.370 343 69 958 2.047 216 47 1.784 2.868 521 153 2.194 3.587 477 441 2.669 2.722 388 72 2.262 5.366 1.115 480 3.771 6.648 638 507 5.503 7.294 458 400 6.436 8.764 17 413 8.334 6 7 8 9 1.428 1.746 2.872 3.268 2.886 3.006 5.495 5.992 7.827 6.352 10 OCTOBER 1979 INSURANCE + PENSION FUNDS INSURANCE + PENSION FUNDS 37 SECTOR STATEMENTS OF SAVING AND INVESTMENT ANNUAL FLOWS, ANNUAL FLOWS, 1949-58 1949 1950 1951 1953 1952 LIFE 1954 1955 1956 1957 1958 1949-58 INSURANCE COMPANIES 1 2 403 228 377 243 428 250 607 347 634 207 746 379 748 397 815 365 758 440 739 393 3 4 3.806 -7 4.141 97 3.967 80 4.778 61 5.007 69 5.250 25 5.363 25 5.471 16 5.151 11 5.436 74 5 6 7 8 9 10 11 12 13 226 3.495 -1.514 180 2.573 2.073 0 183 92 317 3.478 -1.812 100 1.821 3.196 0 173 249 55 3.642 -2.452 -10 2.715 3.212 0 177 190 164 4.387 -782 11 3.098 1.937 0 123 166 93 4.700 -423 145 2.706 2.071 0 201 145 270 4.759 -759 548 2.103 2.654 0 213 196 65 5.079 -494 192 1.749 3.469 0 163 194 -2 5.139 -1.021 235 2.152 3.544 0 229 318 43 4.846 -526 103 2.672 2.247 0 350 251 78 5.072 204 305 2.401 1.826 17 319 212 14 15 16 17 18 3.725 2.667 625 45 388 3.716 2.636 775 29 276 3.978 2.555 975 57 391 4.616 2.845 1.125 16 630 4.645 2.908 1.125 82 530 4.791 3.001 1.175 -48 663 5.078 3.070 1.325 39 644 5.046 3.167 1.175 40 664 4.892 2.651 1.600 2 639 5.208 3.017 1.500 84 607 19 94 -291 189 98 65 -92 66 25 59 118 CURRENT SURPLUS PHYSICAL INVESTMENT 1 2 NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY 3 4 CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES STATE + LOCAL OBLIGATIONS CORPORATE BONDS MORTGAGES OPEN-MARKET PAPER POLICY LOANS MISCELLANEOUS ASSETS 5 6 7 8 9 10 11 12 13 NET INCREASE IN LIABILITIES LIFE INSURANCE RESERVES PENSION FUND RESERVES PROFIT TAXES PAYABLE MISCELLANEOUS LIABILITIES 14 15 16 17 18 DISCREPANCY 19 PRIVATE PENSION FUNDS 1 2 3 636 43 0 1.694 60 0 1.121 65 0 1.658 -19 0 1.901 56 0 2.041 -9 0 2.309 58 0 2.727 0 0 3.040 51 0 3.101 30 0 4 5 6 7 8 9 124 589 250 319 20 -120 519 1.085 100 965 20 30 253 773 100 655 18 30 478 1.127 33 1.065 29 72 545 1.319 177 1.099 43 -19 709 1.333 27 1.260 46 8 739 1.339 310 946 83 173 941 1.557 -193 1.622 128 229 1.135 1.772 -224 1.862 134 82 1.381 1.656 -8 1.505 159 34 _____ ________ __ _ ____ __ NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY TIME DEPOSITS CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES CORPORATE BONDS MORTGAGES MISCELLANEOUS ASSETS 1 2 3 4 5 6 7 8 9 STATE ♦ LOCAL GOVERNMENT EMPLOYEE RETIREMENT FUNDS 1 2 536 10 674 18 760 19 1.027 20 1.324 31 1.488 5 1.304 -20 1.274 16 1.675 47 1.770 7 3 4 5 6 7 8 9 10 7 519 184 184 0 183 135 17 9 647 241 241 0 200 183 23 12 729 420 420 0 163 116 30 15 992 476 456 20 171 309 36 19 1.274 491 486 5 220 516 47 24 1.459 536 523 13 273 589 61 28 1.296 303 283 20 347 577 69 34 1.224 287 278 9 387 473 77 51 1.577 144 114 30 429 859 145 58 1.705 -17 -37 20 424 1.102 196 NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY 1 2 CORPORATE EQUITIES 3 4 CREDIT MARKET INSTRUMENTS 5 U.S. GOVERNMENT SECURITIES TREASURY 6 7 AGENCY ISSUES STATE + LOCAL OBLIGATIONS 8 9 CORPORATE BONDS 10 MORTGAGES OTHER INSURANCE COMPANIES 1 452 219 129 239 341 351 226 -90 -201 61 2 3 945 63 1.010 65 871 36 1.289 82 1.443 55 1.124 -52 981 25 617 -68 933 -8 1.138 73 4 5 6 7 8 9 10 131 680 413 284 -34 17 71 135 793 427 316 39 11 17 139 586 164 304 104 14 110 181 928 357 421 145 5 98 190 1.140 251 748 125 16 58 163 955 112 785 54 4 58 163 701 -137 792 37 9 92 136 414 -343 721 27 9 135 125 656 -177 653 180 0 160 134 783 -41 681 144 -1 148 11 12 13 14 771 20 100 651 510 46 -55 519 895 47 -34 882 1.130 36 90 1.004 1.050 88 137 825 566 106 -109 569 746 103 -81 724 664 62 -147 749 1.166 66 83 1.017 1.069 148 65 856 15 278 -281 153 80 -52 -207 -9 -43 32 -8 MILLIONS OF DOLLARS CURRENT SURPLUS 1 NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY 2 3 CORPORATE EQUITIES 4 5 CREDIT MARKET INSTRUMENTS 6 U.S. GOVERNMENT SECURITIES 7 STATE + LOCAL OBLIGATIONS 8 CORPORATE BONDS 9 COMMERCIAL MORTGAGES TRADE CREDIT 10 NET INCREASE IN LIABILITIES CORPORATE EQUITY ISSUES PROFIT TAXES PAYABLE POLICY PAYABLES 11 12 13 14 DISCREPANCY 15 OCTOBER 1979 INSURANCE + PENSION FUNDS 38 INSURANCE + PENSION FUNDS SECTOR STATEMENTS OF SAVING AND INVESTMENT ANNUAL FLOWS, ANNUAL FLOWS, 1959-68 1959 1960 1961 1962 1963 1964 1959-68 1965 1966 1967 1968 LIFE INSURANCE COMPANIES 1 CURRENT SURPLUS 2 PHYSICAL INVESTMENT 3 NET ACQ. OF FINANCIAL ASSETS 4 DEMAND DEPOSITS + CURRENCY 5 6 7 8 9 10 11 12 13 CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES STATE + LOCAL OBLIGATIONS CORPORATE BONDS MORTGAGES OPEN-MARKET PAPER POLICY LOANS MISCELLANEOUS ASSETS 14 NET INCREASE IN LIABILITIES 15 LIFE INSURANCE RESERVES PENSION FUND RESERVES 16 PROFIT TAXES PAYABLE 17 18 MISCELLANEOUS LIABILITIES 19 DISCREPANCY 722 453 772 314 828 444 885 338 885 473 914 493 972 439 1.093 525 1.123 632 1.133 745 1 2 5.473 -57 5.744 21 6.186 62 6.764 65 7.031 9 7.883 22 8.781 15 8.646 44 8.715 29 9.426 106 3 4 192 4.968 -293 519 2.076 2.135 101 430 370 352 5.056 -412 388 1.717 2.574 176 613 315 465 5.311 -284 300 2.462 2.432 -101 502 348 433 5.990 31 138 2.467 2.699 154 501 276 246 6.424 -323 -174 2.825 3.642 33 421 352 546 6.973 -229 -78 2.319 4.608 -132 485 342 7 08 7.588 -437 -244 2.825 4.861 45 538 470 268 8.098 -129 -270 2.375 4.596 87 1.439 236 1.017 7.400 -244 -115 3.810 2.907 100 942 269 1.357 7.346 -163 49 3.708 2.459 46 1.247 617 5 6 7 8 9 10 11 12 13 5.614 3.312 1.975 86 241 5.374 3.152 1.275 -16 963 5.713 3.354 1.400 -34 993 6.061 3.642 1.375 54 990 6.517 4.106 1.675 -6 742 7.190 4.312 1.950 103 825 7.922 4.691 2.075 -20 1.176 7.964 4.587 2.100 60 1.217 8.114 4.983 1.607 -111 1.635 8.724 4.635 2.469 162 1.458 14 15 16 17 18 410 88 -89 -156 -102 -272 -326 -114 -110 -314 19 PRIVATE PENSION FUNDS 1 NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY 2 3 TIME DEPOSITS 3.663 39 0 3.961 11 0 3.939 114 0 4.181 47 0 ^.253 66 0 5.468 119 0 5.411 49 0 6.899 -183 142 6.562 136 283 6.509 121 152 1 2 3 4 5 6 7 8 9 1.743 1.734 244 1.243 247 147 1.946 1.798 -128 1.614 312 206 2.258 1.474 32 1.183 259 93 2.198 1.745 210 1.219 316 191 2.170 1.927 124 1.459 344 90 2.212 2.348 144 1.646 558 789 3.124 1.905 -199 1.497 607 333 3.479 2.811 -243 2.528 526 650 4.562 869 -427 1.124 172 712 4.822 1.061 432 645 -16 353 4 5 6 7 8 9 CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES CORPORATE BONDS MORTGAGES MISCELLANEOUS ASSETS STATE + LOCAL GOVERNMENT EMPLOYEE RETIREMENT FUNDS 1 NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY 2 3 4 5 6 7 8 9 10 CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES TREASURY AGENCY ISSUES STATE + LOCAL OBLIGATIONS CORPORATE BONDS MORTGAGES 1.926 -23 2.158 22 2.381 34 2.356 30 2.560 6 3.040 —2 3.294 6 4.226 51 4.093 91 4.820 143 1 2 75 1.874 47 0 441 29 288 860 256 86 2.050 299 249 50 155 1.138 458 152 2.195 164 89 75 -143 1.728 446 197 2.129 424 300 124 -459 1.818 346 209 2.345 362 410 -48 -500 2.113 370 273 2.769 554 520 34 -404 2.161 458 352 2.936 234 123 111 -275 2.301 676 488 3.687 122 -38 160 -144 2.939 770 670 3.332 -817 -950 133 -75 3.737 487 1.317 3.360 381 -244 625 -24 2.644 359 3 4 5 6 7 8 9 10 OTHER INSURANCE COMPANIES 1 CURRENT SURPLUS 2 NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY 3 4 5 6 7 8 9 10 CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES STATE + LOCAL OBLIGATIONS CORPORATE BONDS COMMERCIAL MORTGAGES TRADE CREDIT 11 NET INCREASE IN LIABILITIES 12 CORPORATE EQUITY ISSUES PROFIT TAXES PAYABLE 13 14 POLICY PAYABLES 15 DISCREPANCY MILLIONS OF DOLLARS 301 342 339 337 -20 -153 -121 489 497 265 1 1.666 -8 1.306 -5 1.367 33 2.017 106 1.023 -39 1.005 -36 1.206 -75 2.112 8 1.991 -44 3.062 77 2 3 267 1.224 187 990 61 -14 183 264 895 -40 845 87 3 152 260 1.015 6 973 30 6 59 248 1.455 280 848 348 -21 208 156 775 122 707 -41 -13 131 103 786 89 358 340 -1 152 87 1.029 -17 379 645 22 165 391 1.464 201 691 571 1 249 335 1.422 -804 1 .502 705 19 278 755 1.930 -110 861 1.171 8 300 4 5 6 7 8 9 10 1.258 135 -21 1.144 994 79 -6 921 1.046 256 -34 824 855 143 8 704 1.338 286 -22 1.074 1.341 123 -58 1.276 1.687 85 56 1.546 1.868 81 2 1.785 2.188 110 2 2.076 2.691 247 -22 2.466 11 12 13 14 -107 30 18 -825 295 183 360 245 694 -106 15 OCTOBER 1979 INSURANCE + PENSION FUNDS INSURANCE + PENSION FUNDS 39 SECTOR STATEMENTS OF SAVING AND INVESTMENT ANNUAL FLOWS, ANNUAL FLOWS, 1969-78 1970 1969 1971 1972 1973 1974 1975 1976 1977 1978 1969-78 LIFE INSURANCE COMPANIES 1 2 1.032 806 1.323 953 1.609 1.201 1.983 1.082 2.308 1.235 2.484 1.562 2.745 2.408 3.367 2.122 4.074 2.014 4.770 2.314 3 4 9.457 -48 9.909 124 12.717 5 14.429 218 16.868 90 16.565 -72 20.435 -74 28.174 78 31.245 127 35.800 237 5 6 7 8 9 10 11 12 13 1.705 6.938 -236 27 1.737 2.052 839 2.519 862 1.984 6.980 60 85 1.471 2.348 777 2.239 821 3.640 8.154 -119 57 5.466 1.121 628 1.001 918 3.500 9.704 107 4 6.992 1.452 211 938 1.007 3.557 12.304 -234 45 5.853 4.421 23 2.196 917 2.298 12.946 109 255 3.988 4.865 1.066 2.663 1.393 1.910 16.936 1.718 841 9.095 2.934 743 1.605 1.663 2.980 23.666 1.531 1.086 16.884 2.387 411 1.367 1.450 1.190 27.450 1.631 457 18.758 5.210 -328 1.722 2.478 -112 32.909 2.048 351 17.300 9.167 1.453 2.590 2.766 14 15 16 17 18 9.578 4.912 3. 180 55 1.431 9.704 5.359 2.759 112 1.474 12.785 6.277 4.624 -70 1.954 13.774 6.705 4.408 15 2.646 15.450 7.414 5.504 36 2.496 15.555 6.564 6.425 -12 2.578 19.812 8.523 8.086 -90 3.293 27.569 8.210 15.340 133 3.886 30.253 11.396 13.876 390 4.591 36.287 11.694 19.454 636 4.503 19 347 165 476 246 -345 -88 -286 640 1.068 2.943 CURRENT SURPLUS PHYSICAL INVESTMENT 1 2 NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY 3 4 CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES STATE + LOCAL OBLIGATIONS CORPORATE BONDS MORTGAGES OPEN-MARKET PAPER POLICY LOANS MISCELLANEOUS ASSETS 5 6 7 8 9 10 11 12 13 NET INCREASE IN LIABILITIES LIFE INSURANCE RESERVES PENSION FUND RESERVES PROFIT TAXES PAYABLE MISCELLANEOUS LIABILITIES 14 15 16 17 18 DISCREPANCY 19 PRIVATE PENSION FUNDS 1 2 3 6.342 9 18 6.913 82 103 7.079 199 -362 6.665 262 -46 8.265 -215 794 10.702 -15 2.665 11.814 115 -1.339 11.234 123 -78 17.682 95 2.474 19.629 92 5.497 4 5 6 7 8 9 5.382 798 36 613 149 135 4.566 2.022 237 1.830 -45 140 8.915 -1.639 -297 -829 -513 -34 7.285 -993 957 -1.020 -930 157 5.290 2.250 715 1.887 -352 146 2.305 5.613 1.129 4.488 -4 134 5.772 7.023 5.231 1.781 11 243 7.302 3.647 3.949 -289 -13 240 4.460 11.159 5.425 5.369 365 -506 5.332 8.582 2.105 5.904 573 126 NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY TIME DEPOSITS CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES CORPORATE BONDS MORTGAGES MISCELLANEOUS ASSETS 1 2 3 4 5 6 7 8 9 STATE + LOCAL GOVERNMENT EMPLOYEE RETIREMENT FUNDS 1 2 5.488 -128 6.393 122 6.554 95 8.491 262 9.480 386 9.697 453 11.307 -351 13.112 -32 15.715 269 19.854 1.069 3 4 5 6 7 8 9 10 1.788 3.828 -328 -484 156 -51 3.994 213 2.137 4.134 -408 -333 -75 -299 4.496 345 3.185 3.274 -1.155 -1.208 53 120 3.941 368 3.677 4.552 262 -299 561 -123 4.231 182 3.411 5.683 140 -1.089 1.229 -338 5.210 671 2.569 6.675 326 -923 1.249 -708 6.496 561 2.388 9.270 1.626 955 671 957 6.847 -160 3.116 10.028 3.099 1.517 1.582 1.420 5.319 190 3.659 11.787 5.557 2.569 2.988 184 5.589 457 2.735 16.050 6.376 3.829 2.547 410 8.591 673 NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY 1 2 CORPORATE EQUITIES 3 CREDIT MARKET INSTRUMENTS 4 U.S. GOVERNMENT SECURITIES 5 TREASURY 6 AGENCY ISSUES 7 STATE + LOCAL OBLIGATIONS 8 9 CORPORATE BONDS 10 MORTGAGES OTHER INSURANCE COMPANIES 1 20 644 1.462 1.756 1.160 -364 -617 878 3.336 3.876 2 3 2.979 -41 5.405 111 6.616 77 7.853 31 6.448 -13 4.689 54 7.336 100 14.876 229 20.059 273 19.644 402 4 5 6 7 8 9 10 979 1.619 -290 1.093 809 7 422 984 3.838 -37 1.525 2.305 45 472 2.471 3.777 54 3.460 285 -22 291 2.957 3.684 109 4.339 -722 -42 1.181 2.372 3.446 -42 3.642 -139 -15 643 -494 4.594 393 2.200 2.010 -9 535 -749 7.337 2.482 2.611 2.180 64 648 928 12.509 3.137 5.406 3.914 52 1.210 1.173 17.491 2.987 10.711 3.682 111 1.122 1.9p4 15.998 1.355 13.066 1.570 7 1.260 11 12 13 14 3.945 549 51 3.345 3.876 393 65 3.418 4.054 599 -115 3.570 5.395 456 120 4.819 5.326 538 13 4.775 5.777 863 20 4.894 7.173 959 5 6.209 11.252 908 54 10.290 13.651 940 118 12.593 15.349 1.086 201 14.062 15 986 -885 -1.100 -702 38 724 -780 -2.746 -3.072 -419 MILLIONS OF DOLLARS CURRENT SURPLUS 1 NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY 2 3 CORPORATE EQUITIES 4 5 CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES 6 STATE + LOCAL OBLIGATIONS 7 CORPORATE BONDS 8 COMMERCIAL MORTGAGES 9 TRADE CREDIT 10 NET INCREASE IN LIABILITIES CORPORATE EQUITY ISSUES PROFIT TAXES PAYABLE POLICY PAYABLES 11 12 13 14 DISCREPANCY 15 OCTOBER 1979 FINANCE N.E.C. 40 FINANCE N.E.C. SECTOR STATEMENTS OF SAVING ANO INVESTMENT ANNUAL FLOWS, ANNUAL FLOWS, 1949-58 1949-58 1 CURRENT SURPLUS OF GROUP 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 142 198 189 187 234 93 -5 -15 -20 -9 1 FINANCE COMPANIES 1 NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY 2 3 CREDIT MARKET INSTRUMENTS 4 MORTGAGES CONSUMER CREDIT 5 6 OTHER LOANS (TO BUSINESS) 7 NET INCREASE IN LIABILITIES CREOIT MARKET INSTRUMENTS 8 9 CORPORATE BONDS 10 BANK LOANS N.E.C. OPEN-MARKET PAPER 11 12 PROFIT TAXES PAYABLE 13 MISCELLANEOUS LIABILITIES 1.042 111 931 75 1.099 -243 1.560 168 1.392 166 1.010 216 540 118 422 -98 286 234 2.159 30 2.129 242 1.456 431 1.744 26 1.718 26 1.567 125 639 -27 666 221 439 6 3.964 158 3.806 527 2.775 504 989 3 986 -104 1.006 84 1.352 38 1.314 -325 675 964 -269 28 -297 457 -803 49 1 2 3 4 5 6 1.066 933 382 383 168 21 112 1.588 1.364 380 946 38 65 159 512 397 288 -241 350 47 68 1.574 1.295 257 684 354 34 245 1.830 1.537 1.401 -89 225 73 220 -62 -36 -77 193 -152 -84 58 3.946 3.481 924 2.309 248 39 426 883 739 1.081 -475 133 2 142 1.429 1.206 745 9 452 10 213 -838 -671 202 -738 -135 -69 -98 7 8 9 10 11 12 13 REAL ESTATE INVESTMENT TRUSTS 1 PHYSICAL INVESTMENT MULTI-FAMILY STRUCTURES 2 3 NONRESIDENTIAL STRUCTURES 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 3 4 NET ACQ. OF FINANCIAL ASSETS 5 HOME MORTGAGES MULTI-FAMILY MORTGAGES 6 7 COMMERCIAL MORTGAGES 8 MISCELLANEOUS ASSETS 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 *0 0 0 0 0 0 0 Q 0 4 5 6 7 8 9 NET INCREASE IN LIABILITIES CORPORATE EQUITY ISSUES 10 CREDIT MARKET INSTRUMENTS 11 MORTGAGES 12 MULTI-FAMILY RESIDENTIAL 13 14 COMMERCIAL 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 9 10 11 12 13 14 15 16 17 18 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 15 16 17 18 CORPORATE BONDS BANK LOANS N.E.C. OPEN-MARKET PAPER MISCELLANEOUS LIABILITIES OPEN-END INVESTMENT COMPANIES 1 CURRENT SURPLUS -52 -27 -32 -26 -24 -102 -208 -262 -235 -189 1 2 NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY 3 275 14 212 15 265 45 505 -10 384 23 420 -1 572 -36 787 19 835 -5 1.407 69 2 3 204 57 39 18 0 125 72 25 47 0 179 41 0 41 0 433 82 1 81 0 364 -3 -1 -2 0 297 124 25 99 0 409 199 101 34 64 539 229 21 194 14 691 149 1 113 35 1.141 197 124 155 -82 4 5 6 7 8 327 239 297 531 408 522 780 1.049 1.070 1.596 9 4 5 6 7 8 CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES CORPORATE BONDS OPEN-MARKET PAPER 9 NET SHARE ISSUES MONEY MARKET FUNDS 1 NET ACQ. OF FINANCIAL ASSETS 2 DEMAND DEPOSITS + CURRENCY 3 TIME DEPOSITS 4 5 6 7 CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES OPEN-MARKET PAPER MISCELLANEOUS 8 NET SHARE ISSUES 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4 5 6 7 0 0 0 0 0 0 0 0 0 0 8 SECURITY BROKERS AND DEALERS 1 NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY 2 3 4 5 6 7 8 CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES STATE + LOCAL OBLIGATIONS CORPORATE BONDS SECURITY CREDIT 9 NET INCREASE IN LIABILITIES SECURITY CREDIT 10 FROM BANKS 11 CUSTOMER CREDIT BALANCES 12 13 PROFIT TAXES PAYABLE MILLIONS OF DOLLARS 53 5 -68 389 145 -279 -30 389 -56 402 -74 1.044 82 315 -27 -579 8 146 9 594 24 1 2 186 53 -117 -15 185 364 -140 -139 -117 118 -140 523 41 -219 -273 14 40 -71 62 302 396 -156 62 81 -11 123 -68 202 -11 364 130 26 25 -130 131 806 153 -247 -401 0 154 436 -200 -421 -20 -200 -201 34 84 390 207 100 83 -337 -283 -112 155 15 -282 965 3 4 5 6 7 8 523 520 469 51 3 376 372 89 283 4 -281 -279 -198 -81 -2 385 375 556 -181 10 390 389 401 -12 1 1.006 1.005 668 337 1 300 296 434 -138 4 -596 -588 -573 -15 -8 136 129 111 18 7 569 561 272 289 8 9 10 11 12 13 OCTOBER 1979 FINANCE N.E.C. FINANCE N.E.C. 41 SECTOR STATEMENTS OF SAVING AND INVESTMENT ANNUAL FLOWS, ANNUAL FLOWS, 1959-68 1 1959 1960 1961 1962 -159 -300 -424 -412 1963 1964 1965 1966 1967 1968 -461 -991 -976 -1.346 -1.214 -2.088 1959-68 CURRENT SURPLUS OF GROUP 1 1 2 3 4 5 6 FINANCE COMPANIES 1 2 3 4 5 6 3.661 211 3.450 247 1.781 1.422 3.578 88 3.490 -36 1.618 1.908 1.252 195 1.057 635 219 203 2.353 127 2.226 451 1.605 170 4.277 -197 4.474 833 2.226 1.415 4.208 -27 4.235 390 2.255 1.590 4.954 192 4.762 542 2.255 1.965 2.420 152 2.268 -564 1.758 1.074 617 99 518 396 471 -349 5.244 77 5.167 641 2.293 2.233 NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY CREDIT MARKET INSTRUMENTS MORTGAGES CONSUMER CREDIT OTHER LOANS (TO BUSINESS) 7 8 9 10 11 12 13 3.305 2.824 1.177 949 698 66 415 3.392 2.930 1.379 710 841 2 460 710 562 150 548 -136 -30 178 2.738 2.334 -40 1.164 1.210 32 372 4.437 3.658 1.075 1.563 1.020 -32 811 4.083 3.754 1.764 495 1.495 -88 417 5.394 4.750 1.400 2.164 1.186 87 557 3.334 2.476 120 -1.164 3.520 -34 892 1.060 594 410 -1.844 2.028 -56 522 5.173 3.902 188 841 2.873 -1 1.272 NET INCREASE IN LIABILITIES CREDIT MARKET INSTRUMENTS CORPORATE BONDS BANK LOANS N.E.C. OPEN-MARKET PAPER PROFIT TAXES PAYABLE MISCELLANEOUS LIABILITIES 7 8 9 10 11 12 13 REAL ESTATE INVESTMENT TRUSTS 1 2 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 355 118 237 PHYSICAL INVESTMENT MULTI-FAMILY STRUCTURES NONRESIDENTIAL STRUCTURES 1 2 3 4 5 6 7 8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 830 35 75 720 0 NET ACQ. OF FINANCIAL ASSETS HOME MORTGAGES MULTI-FAMILY MORTGAGES COMMERCIAL MORTGAGES MISCELLANEOUS ASSETS 4 5 6 7 8 9 10 11 12 13 14 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 2 2 0 0 0 0 5 5 0 0 0 0 4 4 0 0 0 0 6 6 0 0 0 0 7 7 0 0 0 0 1.202 436 766 200 65 135 15 16 17 18 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 566 0 0 NET INCREASE IN LIABILITIES CORPORATE EQUITY ISSUES CREDIT MARKET INSTRUMENTS MORTGAGES MULTI-FAMILY RESIDENTIAL COMMERCIAL CORPORATE BONDS BANK LOANS N.E.C. OPEN-MARKET PAPER MISCELLANEOUS LIABILITIES 9 10 11 12 13 14 15 16 17 18 OPEN-END INVESTMENT COMPANIES 1 -357 -395 -499 -471 -488 -855 -1.122 -1.240 -1.546 -2.310 2 3 1.420 39 1.049 18 1.671 88 1.250 -23 966 61 1.191 59 2.150 93 2.482 -6 1.490 151 3.597 122 4 5 6 7 8 1.038 343 155 156 32 780 251 63 156 32 1.268 315 69 340 -94 941 332 49 30 253 769 136 -9 171 -26 842 290 39 361 -110 1.271 786 44 405 337 953 1.535 626 361 548 1.851 -512 -516 44 -40 2.527 948 222 449 277 9 1.777 1.444 2.170 1.721 1.454 2.046 3.272 3.722 3.036 5.907 CURRENT SURPLUS 1 NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY 2 3 CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES CORPORATE BONDS OPEN-MARKET PAPER 4 5 6 7 8 NET SHARE ISSUES 9 NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY TIME DEPOSITS 1 2 3 MONEY MARKET FUNOS 1 2 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4 5 6 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8 0 0 0 0 0 0 0 0 0 0 CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES OPEN-MARKET PAPER MISCELLANEOUS 4 5 6 7 NET SHARE ISSUES 8 NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY 1 2 SECURITY BROKERS AND DEALERS 1 2 99 29 5 28 24 947 64 782 -40 735 24 193 9 486 30 936 73 3.444 206 3.780 475 3 4 5 6 7 8 80 -13 -178 87 78 3 -32 660 594 98 -32 -124 -66 -125 8 -67 -66 1.074 61 920 670 190 60 -159 223 -1.043 -1.257 -9 223 1.531 -83 752 656 179 -83 -485 306 -226 -293 -240 307 376 112 787 661 12 114 -36 372 -348 -759 41 370 3.214 -180 644 782 42 -180 2.841 9 10 11 12 13 56 39 218 -179 17 493 495 342 153 -2 889 874 782 92 15 775 810 813 -3 -35 702 673 680 -7 29 139 138 184 -46 1 393 360 -546 906 33 841 839 625 214 2 3.225 3.169 820 2.349 56 3.502 3.454 1.033 2.421 48 MILLIONS OF DOLLARS CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES STATE + LOCAL OBLIGATIONS CORPORATE BONDS SECURITY CREDIT NET INCREASE IN LIABILITIES SECURITY CREDIT FROM BANKS CUSTOMER CREDIT BALANCES PROFIT TAXES PAYABLE 3 4 5 6 7 8 9 10 11 12 13 OCTOBER 1979 FINANCE N.E.C FINANCE N.E.C 42 SECTOR STATEMENTS OF SAVING ANO INVESTMENT ANNUAL FLOWS, ANNUAL FLOWS, 1969-78 1 CURRENT SURPLUS OF GROUP 1969-78 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 -2.516 -1.307 -171 -956 -1.515 411 -119 -192 118 417 1 FINANCE COMPANIES 1 NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY 2 CREDIT MARKET INSTRUMENTS 3 4 MORTGAGES CONSUMER CREDIT 5 OTHER LOANS (TO BUSINESS) 6 7 NET INCREASE IN LIABILITIES CREDIT MARKET INSTRUMENTS 8 9 CORPORATE BONDS BANK LOANS N.E.C. 10 OPEN-MARKET PAPER 11 PROFIT TAXES PAYABLE 12 MISCELLANEOUS LIABILITIES 13 8.676 116 8.560 807 2.784 4.969 2.398 233 2.165 1.678 133 354 5.434 284 5.150 1.476 2.330 1.344 9.625 262 9.363 1.691 3.467 4.205 11.764 246 11.518 1.865 4.691 4.962 5.236 230 5.006 -1.869 2.036 4.839 1.629 214 1.415 -1.251 530 2.136 8.990 198 8.792 -366 3.738 5.420 20.072 182 19.890 1.499 8.057 10.334 18.432 166 18.266 -186 10.157 8.295 1 2 3 4 5 6 8.885 7.797 915 856 6.026 48 1.040 3.945 2.637 2.073 -75 639 28 1.280 4.659 2.665 2.495 633 -463 9 1.985 8.983 6.570 3.622 4. 198 -1.250 21 2.392 11.835 9.541 2.956 4.626 1.959 0 2.294 5.901 6.017 1.784 660 3.573 0 -116 1.181 506 2.709 -2.827 624 0 675 8.022 6.440 5.252 -2.072 3.260 0 1.582 18.728 17.615 8.499 718 8.398 0 1.113 19.362 18.572 6.830 3.916 7.826 186 604 7 8 9 10 11 12 13 REAL ESTATE INVESTMENT TRUSTS 1 PHYSICAL INVESTMENT MULTI-FAMILY STRUCTURES 2 NONRESIDENTIAL STRUCTURES 3 4 NET ACQ. OF FINANCIAL ASSETS HOME MORTGAGES 5 MULTI-FAMILY MORTGAGES 6 7 COMMERCIAL MORTGAGES MISCELLANEOUS ASSETS 8 9 NET INCREASE IN LIABILITIES CORPORATE EQUITY ISSUES 10 CREDIT MARKET INSTRUMENTS 11 12 MORTGAGES MULTI-FAMILY RESIDENTIAL 13 COMMERCIAL 14 15 16 17 18 CORPORATE BONDS BANK LOANS N.E.C. OPEN-MARKET PAPER MISCELLANEOUS LIABILITIES 347 114 233 247 83 164 404 134 270 1.127 372 755 730 240 490 1.063 350 713 3.026 999 2.027 1.644 542 1.102 -365 -120 -245 -885 -292 -593 1 2 3 1.177 178 418 581 0 1.897 392 776 729 0 2.466 180 909 1.210 167 5.020 42 5 2.041 1.727 827 5.590 670 2.381 2.509 30 549 -172 165 196 360 -3.563 -462 -2.583 -1.751 1.233 -4.133 -245 -1.720 -1.842 -326 -2.596 —229 -768 -1.354 -245 -529 -135 -275 -639 520 4 5 6 7 8 1.533 819 714 230 76 154 2.162 1.463 699 116 39 77 2.931 999 1.932 134 45 89 6.312 1.663 4.649 480 158 322 6.545 955 5.590 320 105 215 1.375 -875 1.470 169 56 113 -93 —1.282 -111 379 125 254 -2.232 -481 -1.931 388 128 260 -2.731 270 -2.499 12 5 7 -1.149 408 -1.417 95 32 63 9 10 11 12 13 14 95 389 0 0 505 78 0 0 416 602 780 0 374 1.335 2.460 0 550 3.985 735 0 159 4.407 -3.265 780 0 -609 119 1.300 -183 -1.866 -270 180 -87 -2.383 -41 -502 -196 -1.424 108 -140 15 16 17 18 OPEN-END INVESTMENT COMPANIES 1 CURRENT SURPLUS 2 NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS ♦ CURRENCY 3 4 5 6 7 8 CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES CORPORATE BONDS OPEN-MARKET PAPER 9 NET SHARE ISSUES -2.370 -1.087 -704 -1.262 -1.Q08 -245 -260 -296 -466 -537 1 2.559 -67 1.683 -10 583 139 -1.791 47 -2.219 -203 -957 -164 -336 98 -1.285 82 -1.396 -38 -1.517 -38 2 3 1.722 904 -468 178 1.194 1.180 513 175 700 -362 445 -1 -291 624 -334 -1.821 -17 130 158 -305 -2.314 298 -29 -872 1.199 -473 -320 449 -404 -365 -1.136 702 -43 974 -229 -2.495 1.128 20 2.211 -1.103 -3.773 2.415 177 1.064 1.174 -1.633 154 -179 -931 1.264 4 5 6 7 8 4.929 2.770 1.287 -529 -1.211 -712 -76 -989 -930 -980 9 MONEY MARKET FUNDS 1 NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY 2 3 TIME DEPOSITS 4 5 6 7 CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES OPEN-MARKET PAPER MISCELLANEOUS 8 NET SHARE ISSUES 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2.379 0 1.620 1.317 29 519 -10 -5 -652 201 4 306 6.921 40 3.483 1 2 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 757 112 645 2 698 815 -117 71 638 222 416 9 -146 -266 120 37 3.191 603 2.588 207 4 5 6 7 0 0 0 0 0 2.379 1.317 -10 201 6.921 8 SECURITY BROKERS AND DEALERS 1 NET ACQ. OF FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY 2 3 4 5 6 7 8 CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES STATE + LOCAL OBLIGATIONS CORPORATE BONDS SECURITY CREDIT 9 NET INCREASE IN LIABILITIES SECURITY CREDIT 10 FROM BANKS 11 CUSTOMER CREDIT BALANCES 12 PROFIT TAXES PAYABLE 13 MILLIONS OF OOLLARS -3.112 -79 839 -313 1.362 24 4.240 -16 -3.654 -227 -3.061 -102 3.226 -14 8.171 170 2.878 27 -923 -33 1 2 361 135 -38 -187 360 -3.529 109 2.331 1.669 554 108 -1.288 124 -1.362 -1.599 113 124 2.576 219 316 212 -116 220 3.721 348 561 -4 218 347 -4.336 -608 -785 248 -425 -608 -1.566 1.198 1.020 -104 -74 1.198 1.022 357 3.049 2.420 270 359 4.595 326 -249 -739 164 326 2.774 -863 -1.814 -751 -201 -862 1.787 3 4 5 6 7 8 -3.078 -3.026 -1.006 -2.020 -52 980 980 1.932 -952 0 1.136 1.146 652 494 -10 4.141 4.116 3.925 191 25 -3.439 -3.427 -3.238 -189 -12 -3.033 -2.925 -1.910 -1.015 -108 2.919 2.884 2.236 648 35 8.008 7.911 6.453 1.458 97 2.851 2.947 1.903 1.044 -96 -992 -998 -2.435 1.437 6 9 10 11 12 13 OCTOBER 1979 MONETARY AND INSURANCE RESERVES MONETARY AND INSURANCE RESERVES FOREIGN EXCHANGE, TREASURY CURRENCY, INSURANCE RESERVES, AND INTERBANK CLAIMS 1949-58 ANNUAL FLOWS, 1949 ANNUAL FLOWS, 1950 1951 1952 1953 1954 1955 1956 1957 1958 1949-58 GOLD AND OFFICIAL FOREIGN EXCHANGE HOLDINGS (1) 1 333 -1.759 32 416 -1.256 -480 -181 869 1.166 ^2.292 TOTAL U.S. RESERVES 1 2 3 4 164 -19 183 -1.743 -22 -1.721 52 63 -11 380 -112 492 -1.161 -4 -1.157 -298 19 -317 -40 -17 -23 305 46 259 799 -33 832 -2.275 -28 —2.247 U.S. GOLD STOCK AND SDR’S U.S. GOVT. —EX. STAB. FUND MONETARY AUTHORITY (2 J 2 3 4 5 169 -16 -20 36 -95 -182 -141 564 367 -17 U.S. FOREIGN EXCHANGE POSITION 5 6 7 8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 OFFICIAL FGN. CURRENCY HLDGS TREASURY MONETARY AUTHORITY 6 7 8 9 10 11 169 168 1 -16 -262 246 -20 -26 6 36 38 -2 -95 -82 -13 -182 -188 6 -141 -117 -24 564 562 2 367 337 30 -17 -11 -6 19 58 -39 36 80 -44 38 88 -50 TOTAL U.S. GOVT. LIABILITY MONETARY AUTHORITY ASSET UNALLOCATED ASSETS 1 2 3 NET IMF POSITION U.S. GOVERNMENT ASSET MONETARY AUTHORITY 9 10 11 TREASURY CURRENCY AND SDR CERTIFICATES 1 2 3 -19 9 -28 -10 38 -48 24 73 -49 37 103 -66 34 82 -48 36 91 -55 2 23 -21 INSURANCE AND PENSION FUND RESERVES 1 2 3 2.751 84 2.667 2.945 309 2.636 2.728 173 2.555 2.888 43 2.845 2.982 74 2.908 2.702 -299 3.001 2.905 -165 3.070 3.470 303 3.167 2.738 87 2.651 3.073 56 3.017 LIFE INSURANCE RESERVES: NET CHANGE IN LIABILITIES U.S. GOVERNMENT LIFE INSURANCE COMPANIES 1 2 3 4 2.751 2.945 2.728 2.888 2.982 2.702 2.905 3.470 2.738 3.073 NET CHANGE IN ASSETS (HH) 4 5 6 7 8 9 10 11 5 6 7 8 9 10 2.837 1.040 1.797 625 636 536 3.927 784 3.143 775 1.694 674 3.566 710 2.856 975 1.121 760 4.768 958 3.810 1.125 1.658 1.027 4.880 530 4.350 1.125 1.901 1.324 5.122 418 4.704 1.175 2.041 1.488 5.627 689 4.938 1.325 2.309 1.304 6.039 863 5.176 1.175 2.727 1.274 6.750 435 6.315 1.600 3.040 1.675 7.305 934 6.371 1.500 3.101 1.770 PENSION FUND RESERVES: NET CHANGE IN LIABILITIES U.S. GOVERNMENT INSURANCE SECTOR LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT, RTR. FUNDS 11 2.837 3.927 3.566 4.768 4.880 5.122 5.627 6.039 6.750 7.305 NET CHANGE IN ASSETS (HH) NET INTERBANK CLAIMS 1 -3.447 2.521 2.907 -10 -176 -1.459 1.632 1.067 -738 -496 2 3 4 -3.879 -3.916 37 1.277 1.118 159 2.898 2.375 523 -50 -106 56 -31 210 -241 -1.327 -1.284 -43 342 129 213 633 54 579 49 -25 74 -616 -530 -86 MONETARY AUTHORITY MEMBER BANK RESERVES VAULT CASH 5 6 7 8 9 10 11 432 -32 335 335 129 129 0 1.244 893 225 312 161 161 0 9 -232 603 426 163 163 0 40 -109 82 106 -54 -54 0 -145 -146 -76 -83 -91 -91 0 -132 -130 47 109 -61 -61 0 1.290 874 117 92 44 44 0 434 -2 350 318 61 61 0 -787 -216 -237 -201 -283 -283 0 120 -132 152 168 -39 -39 0 COMMERCIAL BANKING TO MONETARY AUTHORITY TO FOREIGN BANKS, NET LIABILITIES, NET U.S.-CHARTERED BANKS DUE FGN. AFFILIATES LESS: DUE FROM AFF. 12 13 14 206 245 39 151 185 34 263 311 48 160 198 38 8 23 15 170 211 41 48 54 6 257 317 60 82 92 10 207 240 33 15 16 17 0 -1 1 87 85 2 -177 -180 3 24 23 1 -7 -10 3 62 60 2 -25 -24 -1 -32 -38 6 36 15 21 16 41 -25 18 19 20 21 22 23 24 129 145 153 0 24 129 8 126 136 144 0 18 126 8 -362 -340 -336 0 26 -362 4 67 94 95 0 28 67 1 77 86 86 0 9 77 0 -49 -33 -26 0 23 -49 7 299 304 304 0 5 299 0 86 110 120 0 34 86 10 -334 -343 -329 0 5 -334 14 100 108 119 0 19 100 11 25 0 0 0 0 0 0 0 0 0 0 26 -16 -10 -22 -27 -9 -16 -5 -24 9 -8 NET CHANGE IN LIABILITIES FGN. BKG. OFF. IN U.S. DUE FGN. AFFILIATES LESS: DUE FROM AFF. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 LESS: DEP. AT FGN. BANKS 15 U.S.-CHARTERED BANKS 16 FGN. BKG. OFF. IN U.S. 17 TO U.S. BANKING, NET U.S.-CHARTERED BANKS LIABILITIES TO DOM. AFFILIATES TO FGN. OFFICES UNALLOCATED LESS:DUE FROM FGN OFF. 18 19 20 21 22 23 24 DOMESTIC AFFILIATES 25 FGN. BKG. OFF. 26 IN U.S. OCTOBER 1979 MONETARY AND INSURANCE RESERVES MONETARY AND INSURANCE RESERVES 44 FOREIGN EXCHANGE, TREASURY CURRENCY, INSURANCE RESERVES, AND INTERBANK CLAIMS ANNUAL FLOWS, 1959-68 ANNUAL FLOWS, 1959-68 1959 1960 1961 1962 1963 1964 1965 1967 1966 1968 GOLD AND OFFICIAL FOREIGN EXCHANGE HOLDINGS (1) — — ----- „----------- ————— — — — 1 TOTAL U.S. RESERVES -1.036 -2.145 -606 -1.533 -377 -171 —1.222 -568 -52 880 1 2 U.S. GOLD STOCK AND SDR'S 3 U.S. GOVT.—EX. STAB. FUND 4 MONETARY AUTHORITY (2) -1.075 3 -1.078 -1.703 -14 -1.689 -857 21 -878 -890 21 -911 -461 4 -465 -125 0 -125 -1.665 -10 -1.655 -571 3 -574 -1.170 7 -1.177 -1.173 442 -1.615 2 3 4 5 U.S. FOREIGN EXCHANGE POSITION 39 -442 251 -643 84 -46 443 3 1.118 2.053 5 OFFICIAL FGN. CURRENCY HLDGS TREASURY MONETARY AUTHORITY 0 0 0 0 0 0 116 116 0 -17 -98 81 113 41 72 220 78 142 349 15 334 540 294 246 1.024 295 729 1.183 726 457 6 7 8 39 66 -27 -442 -403 -39 135 81 54 -626 -625 -1 -29 -25 -4 -266 -273 7 94 98 -4 -537 -529 -8 94 97 -3 870 868 2 9 10 11 6 7 8 9 10 11 NET IMF POSITION U.S. GOVERNMENT ASSET MONETARY AUTHORITY ----- 1 TOTAL U.S. GOVT. LIABILITY 2 MONETARY AUTHORITY ASSET 3 UNALLOCATED ASSETS TREASURY CURRENCY ANO SDR CERTIFICATES — — ~------------ ----------- ----- — 39 77 -38 47 87 -40 54 187 -133 46 11 35 20 -18 38 24 -173 197 234 170 64 — _ 899 742 157 683 467 216 416 167 249 1 2 3 INSURANCE AND PENSION FUND RESERVES LIFE INSURANCE RESERVES: 1 NET CHANGE IN LIABILITIES U.S. GOVERNMENT 2 LIFE INSURANCE COMPANIES 3 3.421 109 3.312 3.228 76 3.152 3.447 93 3.354 3.767 125 3.642 4.237 131 4.106 4.416 104 4.312 4.825 134 4.691 4.694 107 4.587 5.063 80 4.983 4.621 -14 4.635 1 2 3 4 NET CHANGE IN ASSETS (HH) 3.421 3.228 3.447 3.767 4.237 4.416 4.825 4.694 5.063 4.621 4 8.448 884 7.564 1.975 3.663 1.926 8.320 926 7.394 1.275 3.961 2.158 8.636 916 7.720 1.400 3.939 2.381 8.905 993 7.912 1.375 4.181 2.356 9.649 1.161 8.488 1.675 4.253 2.560 11.707 1.249 10.458 1.950 5.468 3.040 12.095 1.315 10.780 2.075 5.411 3.294 14.478 1.253 13.225 2.100 6.899 4.226 13.577 1.315 12.262 1.607 6.562 4.093 15.134 1.336 13.798 2.469 6.509 4.820 5 6 7 8 9 10 8.448 8.320 8.636 8.905 9.649 11.707 12.095 14.478 13.577 15.134 11 5 6 7 8 9 10 PENSION FUND RESERVES: NET CHANGE IN LIABILITIES U.S. GOVERNMENT INSURANCE SECTOR LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT, RTR. FUNDS 11 NET CHANGE IN ASSETS (HH1 NET INTERBANK CLAIMS 1 NET CHANGE IN LIABILITIES 2 3 4 5 6 7 8 9 10 11 MONETARY AUTHORITY MEMBER BANK RESERVES VAULT CASH COMMERCIAL BANKING TO MONETARY AUTHORITY TO FOREIGN BANKS, NET LIABILITIES, NET U.S.-CHARTERED BANKS DUE FGN. AFFILIATES LESS: DUE FROM AFF. 381 -5 2.008 641 -775 1.094 644 5.974 2.319 5.819 1 -567 -330 -237 -759 -1.093 334 649 306 343 897 67 830 -665 -405 -260 1.074 801 273 722 403 319 1.946 1.347 599 1.779 1.298 481 2.031 767 1.264 2 3 4 948 701 21 13 233 233 0 754 -150 828 862 423 423 0 1.359 543 127 241 85 85 0 -256 525 -106 -121 -182 -182 0 -110 -309 252 351 149 149 0 20 131 484 487 118 118 0 -78 -418 113 58 265 265 0 4.028 339 2.863 2.864 2.653 2.653 0 540 -59 566 623 205 205 0 3.788 1.046 2.145 2.156 1.798 1.798 0 5 6 7 8 9 10 11 12 13 14 FGN. BKG. OFF. IN U.S. DUE FGN. AFFILIATES LESS: DUE FROM AFF. -220 -197 23 439 512 73 156 190 34 61 77 16 202 233 31 369 463 94 -207 -202 5 211 303 92 418 521 103 358 545 187 12 13 14 15 16 17 LESS: DEP. AT FGN. BANKS U.S.-CHARTERED BANKS FGN. BKG. OFF. IN U.S. -8 -6 -2 34 30 4 114 110 4 -15 -12 -3 99 98 1 3 1 2 -55 -59 4 1 -3 4 57 49 8 11 9 2 15 16 17 18 19 20 21 22 23 24 TO U.S. BANKING, NET U.S.-CHARTERED BANKS LIABILITIES TO DOM. AFFILIATES TO FGN. OFFICES UNALLOCATED LESS:DUE FROM FGN OFF. 226 76 689 245 174 698 231 0 5 22 6 -14 131 0 55 76 -43 760 0 71 689 62 -675 -731 -706 0 -31 -675 25 -53 -10 -10 0 43 -53 0 -595 -354 -358 0 237 -595 -4 227 211 223 0 -4 227 12 826 695 780 0 -46 826 85 33 678 639 0 606 33 -39 597 871 980 0 383 597 109 18 19 20 21 22 23 24 25 DOMESTIC AFFILIATES 26 27 28 FGN. BKG. OFF. IN U.S. DUE TO U.S. BANKS LESSsDUE FROM U.S. BKS 29 NET CHANGE IN ASSETS 30 REST OF THE WORLD 31 DOMESTIC MONETARY AUTHORITY 32 33 F.R. FLOAT LOANS TO MEMBER BANKS 34 35 36 37 U.S.-CHARTERED BANKS MEMBER BANK RESERVES VAULT CASH 38 DISCREPANCY-FLOATS, ETC. 0 0 0 0 0 0 0 0 0 0 25 -19 -14 5 -98 -43 55 -9 62 71 56 25 -31 -43 0 43 -241 -4 237 16 12 -4 131 85 -46 -645 -39 606 -274 109 383 26 27 28 155 21 134 701 294 407 -81 828 -909 -150 278 -428 1.319 127 1.192 543 453 90 1.316 -106 1.422 525 603 -78 -722 252 -974 -309 -303 -6 1.689 484 1.205 131 6 125 417 113 304 -418 -358 -60 5.148 2.863 2.285 339 262 77 2.286 566 1.720 -59 -27 -32 5.222 2.145 3.077 1.046 999 47 29 30 31 32 33 34 -567 -330 -237 -759 -1.093 334 649 306 343 897 67 830 -665 -405 -260 1.074 801 273 722 403 319 1.946 1.347 599 1.779 1.298 481 2.031 767 1.264 35 36 37 226 76 689 -675 -53 -595 227 826 33 597 38 (1) LINES 1 AN 2 EXCLUDE INCREASES IN SDR THROUGH ALLOCATIONS, WHICH OCCURRED IN JANUARY OF 1970, 1971, 1972, AND 1978. TRANSACTIONS IN SDR'S ARE IN LINE 2. ALSO EXCLUDED FROM THE TABLE ARE REVALUATIONS OF FOREIGN CURRENCY HOLDINGS, GOLD, SDR'S, AND IMF POSITION. THESE ALLOCATIONS AND REVALUATIONS ARE REFLECTED IN TABLES ON OUTSTANDINGS. (2) TREASURY GOLD STOCK. MILLIONS OF DOLLARS OCTOBER 1979 MONETARY AND INSURANCE RESERVES MONETARY AND INSURANCE RESERVES FOREIGN EXCHANGE, TREASURY CURRENCY, INSURANCE RESERVES, AND INTERBANK CLAIMS ANNUAL FLOWS, 1969-78 ANNUAL FLOWS, 1969-78 1970 1969 1971 1972 1973 1974 1975 1976 1977 1978 GOLD AND OFFICIAL FOREIGN EXCHANGE HOLDINGS (1) 1 1.254 -3.344 -3.065 -742 -209 1 .434 554 2.529 242 -988 2 3 4 967 967 0 -803 -1.168 365 -1.334 -734 -600 -554 -10 -544 -9 -9 0 172 87 85 13 66 -53 77 78 -1 249 129 120 -1.187 -1.252 65 TOTAL U.S. RESERVES 1 U.S. GOLD STOCK AND SDR'S U.S. GOVT.—EX. STAB. FUND MONETARY AUTHORITY <2> 2 3 4 5 287 -2.541 -1.731 -188 -200 1 .262 541 2.452 -7 199 U.S. FOREIGN EXCHANGE POSITION 5 6 7 8 -747 -653 -94 -2.152 -442 -1.710 -381 -141 -240 -35 -210 175 -233 -45 -188 -3 -1 —2 75 -3 78 240 150 90 -302 -150 -152 4.356 2.768 1.588 OFFICIAL FGN. CURRENCY HLDGS TREASURY MONETARY AUTHORITY 6 7 8 9 10 11 1.034 1.037 -3 -389 -375 -14 -1.350 -1.349 -1 -153 -151 -2 33 35 -2 1 .265 1 .268 -3 466 407 59 2.212 2.213 -1 295 292 3 -4.157 -4.150 -7 1.189 1.398 -209 300 571 -271 NET IMF POSITION U.S. GOVERNMENT ASSET MONETARY AUTHORITY 9 10 11 524 565 -41 TOTAL U.S. GOVT. LIABILITY MONETARY AUTHORITY ASSET UNALLOCATED ASSETS 1 2 3 TREASURY CURRENCY AND SDR CERTIFICATES 1 2 3 622 701 -79 272 53 219 490 478 12 533 686 -153 422 403 19 445 537 -92 937 959 -22 INSURANCE AND PENSION FUND RESERVES 2 3 4.978 66 4.912 5.465 106 5.359 6.348 71 6.277 6.857 152 6.705 7.589 175 7.414 6.679 115 6.564 8.661 138 8.523 8.396 186 8.210 11.617 221 11.396 12.016 322 11.694 LIFE INSURANCE RESERVES: NET CHANGE IN LIABILITIES U.S. GOVERNMENT LIFE INSURANCE COMPANIES 1 2 3 4 4.978 5.465 6.348 6.857 7.589 6.679 8.661 8.396 11.617 12.016 NET CHANGE IN ASSETS (HH) 4 5 6 7 8 9 10 11 5 6 7 8 9 10 16.529 1.519 15.010 3. 180 6.342 5.488 18.446 2.381 16.065 2.759 6.913 6.393 21.100 2.843 18.257 4.624 7.079 6.554 22.557 2.993 19.564 4.408 6.665 8.491 25.384 2.135 23.249 5.504 8.265 9.480 29.563 2.739 26.824 6.425 10.702 9.697 34.865 3.658 31.207 8.086 11.814 11.307 44.239 4.553 39.686 15.340 11.234 13.112 53.701 6.428 47.273 13.876 17.682 15.715 65.838 6.901 58.937 19.454 19.629 19.854 PENSION FUND RESERVES: NET CHANGE IN LIABILITIES U.S. GOVERNMENT INSURANCE SECTOR LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT, RTR. FUNDS 11 16.529 18.446 21.100 22.557 25.384 29.563 34.865 44.239 53.701 65.838 NET CHANGE IN ASSETS (HH) NET INTERBANK CLAIMS 1 12.433 -2.977 -1.741 -4.903 -358 61 -8.931 -9.202 -3.422 15.630 NET CHANGE IN LIABILITIES 1 2 3 4 341 226 115 1.792 2.065 -273 4.132 3.638 494 -1.016 -2.141 1.125 3.453 1.413 2.040 -265 -1.217 952 821 209 612 -1.025 -894 -131 3.513 1.712 1.801 5.901 4.353 1.548 MONETARY AUTHORITY MEMBER BANK RESERVES VAULT CASH 2 3 4 5 6 7 8 9 10 11 12.092 -47 12.270 12.312 11.320 11.353 33 -4.769 973 -6.388 -6.247 -6.006 -6.006 0 -5.873 -214 -4.610 -4.400 -4.881 -4.936 -55 -3.887 1.573 -728 -453 -526 -187 339 -3.811 -1.598 -2.690 -2.357 -872 -227 645 326 -2.057 -235 637 -1.589 2.578 4.167 -9.752 1.617 -9.859 -8.008 -7.139 -799 6.340 -8.177 -1.291 -5.850 -4.033 -6.966 658 7.624 -6.935 1.449 -820 1.207 -1.286 3.483 4.769 9.729 3.613 5.423 4.951 1.215 4.355 3.140 COMMERCIAL BANKING TO MONETARY AUTHORITY TO FOREIGN BANKS, NET LIABILITIES, NET U.S.-CHARTERED BANKS DUE FGN. AFFILIATES LESS: DUE FROM AFF. 12 13 14 992 1.207 215 -241 239 480 481 715 234 73 457 384 -1.485 -2 56 1.229 2.226 4.489 2.263 -869 858 1.727 2.933 3.973 1.040 2.493 5.584 3.091 3.736 7.074 3.338 FGN. BKG. OFF. IN U.S. 12 DUE FGN. AFFILIATES 13 LESS: DUE FROM AFF. 14 15 16 17 42 26 16 141 87 54 210 175 35 275 229 46 333 39 294 872 646 226 1.851 1.275 576 1.817 1.919 -102 2.027 408 1.619 -472 -853 381 LESS: DEP. AT FGN. BANKS 15 U.S.-CHARTERED BANKS 16 FGN. BKG. OFF. IN U.S. 17 18 19 20 21 22 23 24 -131 869 1. 185 585 731 -131 316 646 1.350 1.826 97 1.083 646 476 -1.049 -1.467 502 309 1.242 -1.049 1.969 -4.732 -7.288 -4.560 -392 564 -4.732 2.728 477 -3.973 4.313 -410 4.246 477 8.286 2.618 -180 6.993 -185 4.560 2.618 7.173 -1.510 57 -4 0 1.506 -1.510 -61 -1.036 -181 3.747 0 4.783 -1.036 3.928 -7.564 -6.460 -1.435 0 6.129 -7.564 5.025 693 -2.079 13.173 4.496 7.984 693 15.252 TO U.S. BANKING, NET U.S.-CHARTERED BANKS LIABILITIES TO DOM. AFFILIATES TO FGN. OFFICES UNALLOCATED LESS:DUE FROM FGN OFF. 5 6 7 8 9 10 11 18 19 20 21 22 23 24 25 -585 -97 -309 392 410 185 0 0 0 -4.496 DOMESTIC AFFILIATES 26 27 28 -415 316 731 -607 476 1.083 727 1.969 1.242 2.164 2.728 564 4.040 8.286 4.246 2.613 7.173 4.560 -1.567 -61 1.506 -855 3.928 4.783 -1.104 5.025 6.129 7.268 15.252 7.984 26 FGN. BKG. OFF. IN U.S. 27 DUE TO U.S. BANKS LESS:DUE FROM U.S. BKS 28 29 30 31 32 33 34 12.564 12.270 294 -47 -42 -5 -3.623 -6.388 2.765 973 821 152 -692 -4.610 3.918 -214 82 -296 -171 -728 557 1.573 -369 1.942 -835 -2.690 1.855 -1.598 -875 -723 -2.557 -235 -2.322 -2.057 -1.098 -959 -7.421 -9.859 2.438 1.617 1.687 -7 0 -8.166 -5.850 -2.316 -1.291 -1.087 -204 4.142 -820 4.962 1.449 1.209 240 14.937 5.423 9.514 3.613 2.706 907 35 36 37 341 226 115 1.792 2.065 -273 4. 132 3.638 494 -1.016 -2.141 1.125 3.453 1.413 2.040 -265 -1.217 952 821 209 612 -1.025 -894 -131 3.513 1.712 1.801 5.901 4.353 1.548 38 -131 646 -1.049 -4.732 477 2.618 -1.510 -1.036 -7.564 693 NET CHANGE IN ASSETS REST OF THE WORLD DOMESTIC MONETARY AUTHORITY F.R. FLOAT LOANS TO MEMBER BANKS U.S.-CHARTERED BANKS MEMBER BANK RESERVES VAULT CASH DISCREPANCY-FLOATS, ETC. (1) LINES 1 AN 2 EXCLUDE INCREASES IN SDR THROUGH ALLOCATIONS, WHICH OCCURRED IN JANUARY OF 1970, 1971, 1972, AND 1978. TRANSACTIONS IN SDR'S ARE IN LINE 2. ALSO EXCLUDED FROM THE TABLE ARE REVALUATIONS OF FOREIGN CURRENCY HOLDINGS, GOLD, SDR'S, AND IMF POSITION. THESE ALLOCATIONS AND REVALUATIONS ARE REFLECTED IN TABLES ON OUTSTANDINGS. (2) TREASURY GOLD STOCK. MILLIONS OF DOLLARS 25 29 30 31 32 33 34 35 36 37 38 OCTOBER 1979 MONEY AND DEPOSITS SUMMARY 46 MONEY AND DEPOSITS SUMMARY MONEY STOCK AND TIME AND SAVINGS ACCOUNTS ANNUAL FLOWS, 1949-58 ANNUAL FLOWS, 1949 1950 1951 1952 1953 1954 1949-58 1955 1956 1957 1958 DEMAND DEPOSITS AND CURRENCY 13 5.245 7.204 6.498 30 4.600 2.293 1.839 -616 5.726 1 -405 -211 -194 -1.870 908 236 243 289 5.682 47 5.635 2.407 1.542 451 662 573 7.095 -335 7.430 4.154 2.076 395 593 212 4.774 250 4. 524 2.050 334 303 177 1.660 1.377 -452 1.829 1.123 -243 384 345 220 4.322 210 4.112 1.746 2.209 366 299 -508 2.954 -176 3.130 897 1.246 39 404 544 1.760 221 1.539 1.636 -143 -544 132 458 -807 349 -1.156 -1.151 741 -657 239 -328 5.575 -96 5.671 2.192 2.644 -217 652 400 2 3 4 5 6 7 8 9 418 -437 109 1.724 -1.347 278 -661 79 191 151 10 11 NET CHANGE IN BKG. SYSTEM LIAB 12 MONETARY AUTHORITIES U.S. GOVT. CASH + DEPOSITS 13 14 FOREIGN DEPOSITS 15 CURRENCY 13 -828 -315 148 -661 5.245 -350 -172 -160 -18 7.204 385 -444 -113 942 6.498 1.339 142 26 1.171 30 -93 -552 -130 589 4.600 87 252 64 -229 2.293 153 -198 -85 436 1.839 24 55 -84 53 -616 36 26 40 -30 5.726 158 -201 -86 445 11 12 13 14 15 16 17 18 19 841 733 -359 467 5.595 -265 207 5.653 6.819 553 -222 6.488 5.159 1.582 224 3.353 123 -795 -322 1.240 4.513 26 146 4.341 2.140 -463 -91 2.694 1.815 24 305 1.486 -652 165 309 -1.126 5.568 352 -10 5.226 16 17 18 19 1 NET CHANGE IN ASSETS 2 3 4 5 6 7 8 9 10 MONEY STOCK REST OF THE WORLD DOMESTIC SECTORS HOUSEHOLDS NONFINANCIAL BUSINESS ST.+LOC. GOVERNMENTS FINANCIAL SECTORS MAIL FLOAT U.S. GOVERNMENT COMMERCIAL BANKING U.S. GOVERNMENT DEPOSITS FOREIGN DEPOSITS PRIVATE DOMESTIC TIME DEPOSITS AND SAVINGS ACCOUNTS 1 NET CHANGE - TOTAL 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 COMMERCIAL BANKING LIABILITY LARGE NEGOTIABLE CD'S OTHER AT COMMERCIAL BANKS LARGE SMALL AT FOREIGN BANKING OFF. ACQUIRED BY: HOUSEHOLDS NONFIN. CORPORATE BUSINESS STATE + LOCAL GOVERNMENTS FOREIGN U.S. GOVERNMENT FINANCIAL INSTITUTIONS SVGS.+LN. ASSOC. MUTUAL SAVINGS BANKS CREDIT UNIONS PRIVATE PENSION FUNDS MONEY MARKET FUNDS 19 20 21 22 23 24 AT SAVINGS INSTITUTIONS MUTUAL SAVINGS BANKS CREDIT UNIONS SAVINGS + LOAN ASSNS. HELD BY: HOUSEHOLDS CREDIT UNIONS MEMO: TOTAL OF HOUSEHOLDS 25 TIME + SAVINGS ACCOUNTS 2.936 4. 860 8.217 9.161 10.514 8.437 9.360 12.255 16.837 1 1.645 0 1.630 NA NA 15 3.143 0 3.091 NA NA 52 3.395 0 3.345 NA NA 50 3.796 0 3.747 NA NA 49 1.307 0 1.319 NA NA -12 2.042 0 1.986 NA NA 56 5.366 0 5.430 NA NA -64 7.938 0 7.956 NA NA -18 2 3 4 5 6 7 -7 0 101 227 8 1.674 0 152 -288 88 2.812 0 85 141 73 2.450 0 329 601 -9 2.587 200 462 492 28 1.630 -100 -63 -101 -13 2.232 0 44 -142 -27 5.170 0 383 -124 -29 5.290 900 806 881 26 8 9 10 11 12 -8 0 -8 0 0 0 -54 0 -54 0 0 0 19 0 19 0 0 0 32 0 32 0 0 0 24 0 24 0 0 0 27 0 27 0 0 0 -46 0 -46 0 0 0 -65 0 -65 0 0 0 -34 0 -34 0 0 0 35 0 35 0 0 0 13 14 15 16 17 18 2.488 887 98 1.503 1.515 -12 2.407 738 149 1.520 1.513 7 3.215 875 225 2.115 1.964 151 5.074 1.710 276 3.088 3.006 82 5.766 1.778 337 3.651 3.580 71 6.718 1.963 349 4.406 4.250 156 7.130 1.831 409 4.890 4.760 130 7.318 1.844 468 5.006 4.840 166 6.889 1.658 467 4.764 4.627 137 8.899 2.347 488 6.064 5.728 336 19 20 21 22 23 24 2.597 2.393 4.738 7.804 8.145 9.149 8.630 9.384 11.922 13.853 25 2.682 448 0 425 NA NA 23 275 0 255 NA NA 20 97 0 152 142 65 MONEY MARKET MUTUAL FUND SHARES 1 MONEY MARKET FUND SHARES LIAB.: FINANCE N.E.C. ASSET: HOUSEHOLDS 2 MEMO: TOTAL HOUSEHOLD DEPOSITS 0 0 727 4.800 0 0 0 0 0 0 0 0 1 8.892 9. 854 9.268 10.895 9.527 11.020 10.771 16.045 2 FEDERAL FUNDS AND SECURITY REPURCHASE AGREEMENTS 13 13 0 21 21 0 68 68 0 15 15 0 15 15 0 -57 -57 0 -185 -185 0 -5 -5 0 -103 -103 0 61 61 0 1 2 3 4 NET CHANGE IN ASSETS NONFINANCIAL CORPORATIONS 5 6 STATE + LOCAL GOVTS. FEDERALLY RELATED CREDIT AG. 7 8 SAVINGS + LOAN ASSNS. 9 MUTUAL SAVINGS BANKS 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 40 0 0 40 0 0 -22 0 0 -22 0 0 0 0 0 0 0 0 -18 0 0 -18 0 0 4 5 6 7 8 9 .0 DISCREPANCY-UNALLOCATED ASSETS 13 21 68 15 15 -57 -225 17 -103 79 10 1 NET CHANGE IN LIABILITIES COMMERCIAL BANKS 2 3 SAVINGS + LOAN ASSNS. MILLIONS OF DOLLARS OCTOBER 1979 MONEY AND DEPOSITS SUMMARY MONEY AND DEPOSITS SUMMARY 47 MONEY STOCK AND TIME AND SAVINGS ACCOUNTS ANNUAL FLOWS, ANNUAL FLOWS, 1959-68 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1959-68 DEMAND DEPOSITS AND CURRENCY 1 1 1.913 1.818 5.884 5.214 4.963 8.742 7.179 4.166 14.994 14.828 2 3 4 5 6 7 8 9 1.259 134 1.125 2.463 -2.521 1.694 36 -547 956 -18 974 1.666 -1.632 160 378 402 5.858 976 4.882 -1.027 3.183 412 1.162 1.152 3.912 135 3.777 -1.318 3.670 534 957 -66 5.309 266 5.043 4.368 -1.187 1.513 41 308 8.435 959 7.476 5.039 -226 1.632 205 826 8.322 125 8.197 7.439 411 -382 383 346 4.535 380 4.155 2.370 -6 82 848 -342 1.961 13.877 327 13.550 9.750 2.632 1.158 512 -502 16.121 561 15.560 10.883 2.914 -215 765 1.213 MONEY STOCK REST OF THE WORLD DOMESTIC SECTORS HOUSEHOLDS NONFINANCIAL BUSINESS ST.+LOC. GOVERNMENTS FINANCIAL SECTORS MAIL FLOAT 10 654 862 26 1.302 -346 307 -1.143 -369 1.117 -1.293 U.S. GOVERNMENT 11 12 13 14 15 1.913 562 -146 74 634 1.818 -214 -33 -127 -54 5.884 800 25 68 707 5.214 678 90 -2 590 4.963 2.800 264 -76 2.612 8.742 2.052 345 53 1.654 7.179 1.892 -158 -68 2.118 4.166 2.376 164 204 2.008 14.994 2.889 875 -9 2.023 14.828 1.543 -1.069 81 2.531 NET CHANGE IN BKG. SYSTEM LIAB MONETARY AUTHORITIES U.S. GOVT. CASH + DEPOSITS FOREIGN DEPOSITS CURRENCY 11 12 13 14 15 16 17 18 19 1.351 800 60 491 2.032 895 109 1.028 5.084 1 908 4.175 4.536 1.212 137 3.187 2.163 -610 342 2.431 6.690 -38 906 5.822 5.287 -985 193 6.079 1.790 -533 176 2.147 12.105 242 336 11.527 13.285 -224 480 13.029 COMMERCIAL BANKING U.S. GOVERNMENT DEPOSITS FOREIGN DEPOSITS PRIVATE DOMESTIC 16 17 18 19 NET CHANGE IN ASSETS 2 3 4 5 6 7 8 9 10 TIME DEPOSITS AND SAVINGS ACCOUNTS 1 9.440 15.226 20.726 28.662 29.531 30.326 33.073 20.215 40.709 33.523 2 3 4 5 6 7 1.024 0 998 NA NA 26 5.761 1.095 4.626 141 4.485 40 9.391 2.128 7.220 389 6.831 43 15.560 2.977 12.578 609 11.969 5 14.355 3.679 10.614 708 9.906 62 14.444 2.706 11.712 3.322 8.390 26 19.986 3.666 16.245 2.776 13.469 75 13.217 -592 13.771 2.852 10.919 38 23.914 4.671 19.132 3.818 15.314 111 20.721 3.138 17.429 3.879 13.550 154 8 9 10 11 12 2.793 -400 -410 -839 -42 2.579 1.500 1.378 284 -23 7.266 1.100 908 52 22 13.200 900 985 498 -15 11.202 687 1.643 851 -9 10.391 984 1.719 1.255 12 14.759 2.322 2.374 566 -22 11.847 -390 1.276 332 -30 18.687 1.079 2.430 1.266 47 18.125 -626 3.218 -270 101 13 14 15 16 17 18 -78 0 -78 0 0 0 43 0 43 0 0 0 43 0 43 0 0 0 -8 0 -8 0 0 0 -19 0 -19 0 0 0 83 0 83 0 0 0 -13 0 -13 0 0 0 182 80 -40 0 142 0 405 88 34 0 283 0 173 69 -48 0 152 0 19 20 21 22 23 24 8.416 1.237 572 6.607 6.494 113 9.465 1.366 540 7.559 7.565 -6 11.335 1.934 658 8.743 8.431 312 13.102 3.059 692 9.351 9.186 165 15.176 3.270 834 11.072 10.945 127 15.882 4.243 1.060 10.579 10.389 190 13.087 3.594 995 8.498 8.482 16 6.998 2.563 851 3.584 3.763 -179 16.795 5.115 1.032 10.648 10.466 182 12.802 4.207 1.209 7.386 7.547 -161 25 11.096 12.050 18.289 26.137 26.251 26.083 27.830 19.024 35.300 31.088 NET CHANGE - TOTAL 1 COMMERCIAL BANKING LIABILITY 2 LARGE NEGOTIABLE CD'S 3 4 OTHER AT COMMERCIAL BANKS LARGE 5 6 SMALL AT FOREIGN BANKING OFF. 7 ACQUIRED BY: 8 HOUSEHOLDS NONFIN. CORPORATE BUSINESS 9 10 STATE + LOCAL GOVERNMENTS FOREIGN 11 U.S. GOVERNMENT 12 FINANCIAL INSTITUTIONS SVGS.+LN. ASSOC. MUTUAL SAVINGS BANKS CREDIT UNIONS PRIVATE PENSION FUNDS MONEY MARKET FUNDS AT SAVINGS INSTITUTIONS MUTUAL SAVINGS BANKS CREDIT UNIONS SAVINGS + LOAN ASSNS. HELD BY: HOUSEHOLDS CREDIT UNIONS MEMO: TOTAL OF HOUSEHOLDS TIME + SAVINGS ACCOUNTS 13 14 15 16 17 18 19 20 21 22 23 24 25 MONEY MARKET MUTUAL FUND SHARES 1 0 0 0 0 0 0 0 0 0 0 2 13.559 13.716 17.262 24.819 30.619 31.122 35.269 21.394 45.050 41.971 MONEY MARKET FUNO SHARES LIAB.: FINANCE N.E.C. ASSET: HOUSEHOLDS 1 MEMO: TOTAL HOUSEHOLD DEPOSITS 2 FEDERAL FUNDS AND SECURITY REPURCHASE AGREEMENTS 1 2 3 224 224 0 -234 -234 0 276 276 0 49 49 0 -37 -37 0 514 514 0 1.209 1.209 0 -75 -75 0 -15 -15 0 927 927 0 NET CHANGE IN LIABILITIES COMMERCIAL BANKS SAVINGS + LOAN ASSNS. 1 2 3 4 5 6 7 8 9 0 0 0 0 0 0 3 0 0 3 0 0 -3 0 0 -3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 336 309 0 27 0 0 257 284 0 -27 0 0 351 302 0 49 0 0 -274 -225 0 -49 0 0 570 451 0 12 0 107 NET CHANGE IN ASSETS NONFINANCIAL CORPORATIONS STATE ♦ LOCAL GOVTS. FEDERALLY RELATED CREDIT AG. SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS 4 5 6 7 8 9 10 224 -237 279 49 -37 178 952 -426 259 357 DISCREPANCY-UNALLOCATED ASSETS 10 MILLIONS OF DOLLARS OCTOBER 1979 MONEY AND DEPOSITS SUMMARY 48 MONEY AND DEPOSITS SUMMARY MONEY STOCK AND TIME AND SAVINGS ACCOUNTS ANNUAL FLOWS, 1969-78 ANNUAL FLOWS, 1969 1970 1971 1972 1973 1974 1969-78 1975 1976 1977 1978 DEMAND DEPOSITS AND CURRENCY 1 NET CHANGE IN ASSETS 2 3 4 5 6 7 8 9 10 MONEY STOCK REST OF THE WORLD DOMESTIC SECTORS HOUSEHOLDS NONFINANCIAL BUSINESS ST.+LOC. GOVERNMENTS FINANCIAL SECTORS MAIL FLOAT U.S. GOVERNMENT 11 NET CHANGE IN BKG. SYSTEM LIAB MONETARY AUTHORITIES 12 U.S. GOVT. CASH + DEPOSITS 13 FOREIGN DEPOSITS 14 CURRENCY 15 16 17 18 19 COMMERCIAL BANKING U.S. GOVERNMENT DEPOSITS FOREIGN DEPOSITS PRIVATE DOMESTIC 7.913 12.374 17.534 24.212 16.251 6.606 15.649 23.161 30.968 28.230 1 7.298 324 6.974 -2.572 5.691 1.413 -350 2.792 9.872 521 9.351 8.785 1.052 -2.854 464 1.904 14.406 -193 14.599 12.050 -1.355 1.026 850 2.028 24.612 1.602 23.010 13.660 2.619 1.683 1.541 3.507 17.757 2.895 14.862 13.894 1.577 -323 350 -636 11.225 2.826 8.399 7.249 991 -691 240 610 12.871 -316 13.187 3.934 6.225 100 560 2.368 20.165 3.195 16.970 14.942 1.542 -645 828 303 30.023 2.400 27.623 22.599 930 1.418 1.501 1.175 24.540 -248 24.788 18.230 5.411 -1.139 2.615 -329 2 3 4 5 6 7 8 9 615 2.502 3.128 -400 -1.506 -4.619 2.778 2.996 945 3.690 10 7.913 3.279 571 -100 2.808 12.374 3.068 -382 -31 3.481 17.534 4.408 897 119 3.392 24.212 3.210 -1.106 -96 4.412 16.251 3.374 -498 -69 3.941 6.606 6.956 439 223 6.294 15.649 10.623 4.470 -39 6.192 23.161 10.549 3.085 163 7.301 30.968 4.917 -3.347 -29 8.293 28.230 6.272 -3.070 56 9.286 11 12 13 14 15 4.634 44 424 4.166 9.306 2.884 552 5.870 13.126 2.231 -312 11.207 21.002 706 1.698 18.598 12.877 -1.008 2.964 10.921 -350 -5.058 2.603 2.105 5.026 -1.692 -277 6.995 12.612 -89 3.032 9.669 26.051 4.292 2.429 19.330 21.958 6.760 -304 15.502 16 17 18 19 TIME DEPOSITS AND SAVINGS ACCOUNTS 1 NET CHANGE - TOTAL 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 COMMERCIAL BANKING LIABILITY LARGE NEGOTIABLE CD’S OTHER AT COMMERCIAL BANKS LARGE SMALL AT FOREIGN BANKING OFF. ACQUIRED BY: HOUSEHOLDS NONFIN. CORPORATE BUSINESS STATE + LOCAL GOVERNMENTS FOREIGN U.S. GOVERNMENT FINANCIAL INSTITUTIONS SVGS.+LN. ASSOC. MUTUAL SAVINGS BANKS CREDIT UNIONS PRIVATE PENSION FUNDS MONEY MARKET FUNDS 19 20 21 22 23 24 AT SAVINGS INSTITUTIONS MUTUAL SAVINGS BANKS CREDIT UNIONS SAVINGS + LOAN ASSNS. HELD BY: HOUSEHOLDS CREDIT UNIONS MEMO: TOTAL OF HOUSEHOLDS TIME + SAVINGS ACCOUNTS 25 -1.538 55.011 81.'889 88.440 78.515 78.961 89.722 109.460 124.550 124.215 1 -9.465 -12.549 2.853 -3.599 6.452 231 37.965 15.155 22.434 10.269 12.165 376 41.363 8.685 32.418 5.072 27.346 260 42.433 9.760 33.045 8.755 24.290 -372 50.691 20.012 29.718 20.124 9.594 961 56.829 28.515 27.190 15.820 11.370 1.124 30.286 -10.148 37.050 -3.358 40.408 3.384 40.295 -17.505 57.418 -311 57.729 382 54.695 11.989 40.490 11.362 29.128 2.216 65.042 22.578 36.043 27.761 8.282 6.421 2 3 4 5 6 7 726 -5.404 -5.890 1.380 -157 26.955 1.695 10.005 -1.664 252 28.148 4.162 7.159 329 57 29.018 2.381 6.777 2.904 86 35.310 4.733 7.224 2.812 -167 34.140 3.841 5.702 7.731 38 24.600 1.887 -1.974 1.456 95 40.195 2.062 2.099 -1.899 159 40.223 4.802 6.970 -400 147 44.057 1.959 8.084 1.145 64 8 9 10 11 12 -120 -37 -101 0 18 0 722 375 244 0 103 0 1.508 1.718 152 0 -362 0 1.267 1.078 185 50 -46 0 779 -463 186 262 794 0 5.377 682 210 200 2.665 1.620 4.222 4.520 56 466 -1.339 519 -2.321 -1.425 0 -166 -78 -652 2.953 126 -3 50 2.474 306 9.733 389 349 15 5.497 3.483 13 14 15 16 17 18 7.927 2.579 1.428 3.920 4.361 -441 17.046 4.434 1.746 10.866 10.450 416 40.526 9.861 2.872 27.793 26.889 904 46.007 10.172 3.268 32.567 31.992 575 27.824 4.734 2.886 20.204 20.853 -649 22.132 3.120 3.006 16.006 15.638 368 59.436 11.172 5.495 42.769 42.777 -8 69.165 13.004 5.992 50.169 50.106 63 69.855 11.140 7.827 50.888 50.012 876 59.173 8.612 6.352 44.209 46.161 -1.952 19 20 21 22 23 24 9.094 43.585 67.770 74.450 63.783 55.904 84.044 109.297 109.202 105.182 25 MONEY MARKET MUTUAL FUND SHARES 1 MONEY MARKET FUND SHARES LIAB.: FINANCE N.E.C. ASSET: HOUSEHOLDS 2 MEMO: TOTAL HOUSEHOLD DEPOSITS 0 0 0 0 0 2.379 1.317 -10 201 6.921 1 6.522 52.370 79.820 88. 110 77.677 65.532 89.295 124.229 132.002 130.333 2 FEDERAL FUNDS AND SECURITY REPURCHASE AGREEMENTS 1 NET CHANGE IN LIABILITIES 2 COMMERCIAL BANKS SAVINGS + LOAN ASSNS. 3 5.296 5.296 0 -4.154 -4.154 0 3.707 3.707 0 2.936 2.636 300 16.664 16.664 0 3.072 1.572 1.500 1.528 1.453 75 13.834 13.890 -56 12.496 10.561 1.935 20.899 18.769 2.130 1 2 3 4 NET CHANGE IN ASSETS NONFINANCIAL CORPORATIONS 5 6 STATE + LOCAL GOVTS. FEDERALLY RELATED CREDIT AG. 7 SAVINGS + LOAN ASSNS. 8 MUTUAL SAVINGS BANKS 9 2.600 2.190 0 181 0 229 -2.198 -3.077 0 773 0 106 955 843 0 -614 508 218 2.510 1.611 0 400 367 132 15.297 8.574 2.400 2.281 1.325 717 -840 -5.777 3.600 -969 2.606 -300 -1.146 -754 1.000 -287 -1.006 -99 4.236 2.317 0 285 1.200 434 5.240 1.208 1.000 156 2.300 576 11.466 5.473 2.000 1.423 1.700 870 4 5 6 7 8 9 0 DISCREPANCY-UNALLOCATED ASSETS 2.696 -1.956 2.752 426 1.367 3.912 2.674 9.598 7.256 9.433 10 MILLIONS OF DOLLARS OCTOBER 1979 U.S. GOVT. SECURITIES U.S. GOVT. SECURITIES 49 U.S. GOVERNMENT SECURITIES MARKET SUMMARY ANNUAL FLOWS, 1949-58 ANNUAL FLOWS, 1949-58 1950 1949 1951 1952 1953 1954 1955 1956 1957 1958 TOTAL NET ISSUES, BY SECTOR AND TYPE 1 2 3 2.468 2.577 -109 -773 -1.179 406 -200 -438 238 5.422 5.365 57 7.024 7.020 4 2.381 2.398 -17 172 -807 979 -5.340 -5.816 476 -927 -2.351 1.424 8.958 8.864 94 4 5 6 2.488 1. 463 1.025 -557 252 -809 -301 -471 170 4.984 92 4.892 5.393 198 5.195 2.313 595 1.718 -80 263 -343 -5.561 -94 -5.467 -2.674 -1.909 -765 8.945 -523 9.468 7 8 9 -20 0 89 -216 0 -622 101 0 -137 438 0 381 1.631 0 1.627 68 0 85 252 570 -1.297 221 0 -255 1.747 802 -479 13 -575 494 10 ll -112 3 381 25 227 11 47 10 -3 7 -35 18 941 38 443 33 1.400 24 77 17 TOTAL U.S.GOVERNMENT SECUR. U.S. GOVERNMENT SPON. AGENCIES + MTG.POOLS BY INSTRUMENT: TREASURY ISSUES HOUSEHOLD SAVINGS BONDS TREAS. EXCL. SAVINGS BONDS OTHER BUDGET AGENCY ISSUES LOAN PARTICIPATIONS (1) SPONS. AGENCY ISSUES (2) MORTGAGE POOL SECUR. (2) 1 2 3 4 5 6 7 8 9 10 11 TOTAL NET PURCHASES, BY SECTOR AND TYPE 1 2 3 4 5 6 2.468 0 -3 -3 0 0 -773 0 -77 -77 0 0 -200 5 55 55 0 0 5.422 -3 67 67 0 0 7.024 -2 94 94 0 0 2.381 1 260 260 0 0 172 19 87 87 0 0 -5.340 -11 290 290 0 0 -927 4 -83 -83 50 0 8.958 -10 109 109 115 0 TOTAL HOLDINGS, BY SECTOR U.S. GOVT. (AGENCY SEC.J SPONSORED CREDIT AGENCIES TREASURY MARKETABLE FHLB SPECIAL ISSUE AGENCY SECURITIES 1 2 3 4 5 6 7 8 9 —4.448 -4.448 0 1.893 1.893 0 3.023 3.023 0 897 897 0 1.217 1.217 0 -983 -983 0 -147 -147 0 130 130 0 -677 -677 0 2.109 2.109 0 FEDERAL RESERVE SYSTEM TREASURY ISSUES AGENCY ISSUES 7 8 9 10 11 12 268 158 110 1.195 251 944 -80 601 -681 1.068 765 303 485 568 -83 243 234 9 1.060 531 529 848 942 -94 178 220 -42 94 1 93 13 14 15 6.651 6.671 -20 -3.784 -3.568 -216 -3.203 -3.299 96 3.393 2.952 441 5.230 3.597 1.633 2.860 2.793 67 -847 -1.080 233 -6.597 -6.829 232 -34y -2.092 1.743 6.656 6.633 23 16 17 18 19 20 2.980 3.038 1.463 1.575 -58 3.030 3.034 252 2.782 -4 271 113 -471 584 158 913 829 92 737 84 3.277 3.217 198 3.019 60 -2.326 -2.468 595 -3.063 142 7.381 6.619 263 6.356 762 -1.962 -2.486 -94 -2.392 524 162 -1.094 -1.909 815 1.256 -2.806 -2.238 -523 -1.715 -568 PRIVATE DOMESTIC NONFINAN. TOTAL TREASURY ISSUES SAVINGS BONDS (HH) OTHER TREASURY ISSUES AGENCY ISSUES 16 17 18 19 20 21 22 23 24 25 1.070 1.129 1.463 -334 -59 -603 -598 2 52 -850 -5 -893 -1.050 -471 -579 157 476 529 92 437 -53 658 821 198 623 -163 -1.552 -1.558 595 -2.153 6 2.371 1.860 263 1.597 511 1.756 1.272 -94 1.366 484 636 -49 -1.909 1.860 685 -3.290 -2.729 -523 —2.206 -561 HOUSEHOLDS TOTAL TREASURY ISSUES SAVINGS BONDS OTHER TREASURY ISSUES AGENCY ISSUES 21 22 23 24 25 26 27 28 1.844 1.844 0 3.173 3.173 0 783 783 0 -1.006 -1.006 0 1.593 1.593 0 -1.717 -1.717 0 4.058 3.758 300 -4.463 -4.563 100 -729 -1.129 400 303 503 -200 29 30 31 66 65 1 460 459 1 381 380 1 1.443 1.306 137 1.026 803 223 943 807 136 952 1.001 -49 745 805 -60 255 84 171 181 -12 193 32 33 34 4.491 4.413 78 -5.135 -4.943 -192 -532 -470 -62 2.159 1.856 303 1.581 90 1.491 5.574 5.624 -50 -8.101 -7.432 -669 -3.455 -2.972 -483 -323 -334 11 8.754 8.179 575 35 36 37 4.461 74 -44 -5.170 62 -27 -565 75 -42 2.097 43 19 1.599 -10 -8 5.505 55 14 -8.058 -25 -18 -3.523 53 15 -302 -31 10 8.712 23 19 38 -820 -1.679 -2.942 321 372 -388 -127 -1.180 -188 708 39 40 41 -820 -780 -40 -1.679 -1.659 -20 -2.942 -2.942 0 321 267 54 372 290 82 -388 -363 -25 -127 -267 140 -1.180 -1.371 191 -188 -664 476 708 692 16 42 43 44 7 7 0 25 25 0 116 116 0 201 184 17 142 133 9 102 101 1 406 360 46 494 401 93 624 391 233 609 646 -37 45 46 47 -89 -49 -40 -576 -556 -20 -1.027 -1.027 0 -367 -384 17 -203 -252 49 -464 -436 -28 -230 -292 62 -420 -481 61 -252 -399 147 -333 -313 -20 48 49 50 7 7 0 8 8 0 10 10 0 6 6 0 6 6 0 8 8 0 15 15 0 15 15 0 15 15 0 51 52 53 -1.514 -1.514 0 -1.812 -1.812 0 -2.452 -2.452 0 -782 -782 0 -423 -423 0 -759 -759 0 -494 -494 0 -1.021 -1.021 0 54 55 56 250 250 0 100 100 0 100 100 0 33 33 0 177 158 19 27 38 -11 310 298 12 57 58 59 184 184 0 241 241 0 420 420 0 476 456 20 491 486 5 536 523 13 60 61 62 413 413 0 427 427 0 164 164 0 357 357 0 251 251 0 63 64 39 0 25 0 0 0 1 0 -1 0 65 -117 -117 -273 396 -68 FOREIGN SHORT-TERM MARKETABLE OTHER 10 11 12 TOTAL PRIVATE DOMESTIC TREASURY ISSUES AGENCY ISSUES 13 14 15 NONFIN. CORPORATE BUSINESS 26 TREASURY ISSUES 27 AGENCY ISSUES 28 S. + L. GOVERNMENTS TREASURY ISSUES AGENCY ISSUES COMMERCIAL BANKING TREASURY ISSUES AGENCY ISSUES COMMERCIAL BANKS FOREIGN BANKING OFFICES BANKS IN U.S. POSSESSIONS PRIVATE NONBANK FINANCE TOTAL, ALL PVT. NONBANK FIN. TREASURY ISSUES AGENCY ISSUES 32 33 34 35 36 37 38 39 40 41 SAVINGS + LOAN ASSOCIATIONS TREASURY ISSUES AGENCY ISSUES 42 43 44 MUTUAL SAVINGS BANKS TREASURY ISSUES AGENCY ISSUES 45 46 47 15 15 0 CREDIT UNIONS TREASURY ISSUES AGENCY ISSUES 48 49 50 -526 -526 0 204 154 50 LIFE INSURANCE TREASURY ISSUES AGENCY ISSUES 51 52 53 -193 -221 28 -224 -290 66 -8 -11 3 PRIVATE PENSION FUNDS TREASURY ISSUES AGENCY ISSUES 54 55 56 303 283 20 287 278 9 144 114 30 -17 -37 20 S. + L. GOVT., RTR. FUNDS TREASURY ISSUES AGENCY ISSUES 57 58 59 112 112 0 -137 -137 0 -343 -343 0 -177 -177 0 -41 -41 0 OTHER INSURANCE COMPANIES TREASURY ISSUES AGENCY ISSUES 60 61 62 25 0 101 0 21 0 1 0 124 0 63 64 25 -401 -20 207 155 INVESTMENT COS. (TREASURY) MONEY MARKET FUNDS (TREAS) SECURITY BROKERS + DEALERS (TREASURY) (1) WHERE NOT SHOWN SEPARATELY, LOAN PARTICIPATIONS ARE INCLUDED WITH AGENCY ISSUES. (2) THESE ISSUES ARE OUTSIDE THE BUDGET AND OUTSIDE THE U.S. GOVERNMENT SECTOR IN FLOW OF FUNDS ACCOUNTS. THEY ARE INCLUDED IN CREDIT MARKET DEBT OF FINANCIAL INSTITUTIONS. MILLIONS OF DOLLARS 29 30 31 65 OCTOBER 1979 U.S. GOVT. SECURITIES 50 U.S. GOVT. SECURITIES U.S. GOVERNMENT SECURITIES MARKET SUMMARY ANNUAL FLOWS, 1959-68 ANNUAL FLOWS, 1959-68 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 TOTAL NET ISSUES, BY SECTOR AND TYPE 1 TOTAL U.S.GOVERNMENT SECUR. U.S. GOVERNMENT 2 SPON. AGENCIES + MTG.POOLS 3 BY INSTRUMENT: TREASURY ISSUES 4 HOUSEHOLD SAVINGS BONDS 5 6 TREAS. EXCL. SAVINGS BONDS 7 8 9 10 11 OTHER BUDGET AGENCY ISSUES LOAN PARTICIPATIONS (1) SPONS. AGENCY ISSUES (2) MORTGAGE POOL SECUR. (2) 8.971 6.762 2.209 -1.728 -2.466 738 7.681 6.979 702 8.370 6.733 1.637 5.559 3.911 1.648 6.711 6.199 512 3.899 1.745 2.154 9.194 3.691 5.503 13.183 13.063 120 17.401 13.634 3.767 1 2 3 7.411 -1.796 9.207 -2.205 -265 -1.940 6.672 803 5.869 6.190 523 5.667 4.082 1.181 2.901 5.344 911 4.433 1.297 635 662 2.336 554 1.782 8.908 970 7.938 10.474 647 9.827 4 5 6 1.560 0 -649 477 -747 486 1.009 50 257 2. 180 45 498 1.477 35 -206 1.367 10 845 2.602 50 398 6.858 105 1.250 4.275 117 4.038 6.927 1.484 1.676 7 8 9 2.195 14 740 -2 614 88 1.514 123 1.536 112 413 99 1.909 245 5.058 445 -554 674 3.229 538 10 11 TOTAL NET PURCHASES, BY SECTOR AND TYPE 1 TOTAL HOLDINGS, BY SECTOR U.S. GOVT. (AGENCY SEC.) 2 3 SPONSORED CREDIT AGENCIES 4 TREASURY MARKETABLE 5 FHLB SPECIAL ISSUE 6 AGENCY SECURITIES 7 8 9 FEDERAL RESERVE SYSTEM TREASURY ISSUES AGENCY ISSUES 8.971 -1 100 100 0 0 -1.728 35 142 142 -115 0 7.681 -2 -75 -75 0 0 8.370 -35 373 373 1 0 5.559 29 412 367 274 45 6.711 -17 -442 -482 -300 40 3.899 33 134 121 268 13 9.194 1.310 935 886 636 49 13.183 -88 24 6 -877 18 17.401 134 -120 -140 0 20 1 2 3 4 5 6 301 301 0 736 736 0 1.497 1.497 0 1.939 1.939 0 2.773 2.773 0 3.451 3.451 0 3.724 3.724 0 3.548 3.514 34 4.834 4.830 4 3.787 3.825 -38 7 8 9 10 11 12 FOREIGN SHORT-TERM MARKETABLE OTHER 3.017 2.103 914 533 222 311 486 -635 1.121 1.326 2.184 -858 591 -556 1.147 434 109 325 -68 -889 821 -2.465 -871 -1.594 2.091 824 1.267 -471 -1.664 1.193 10 11 12 13 14 15 TOTAL PRIVATE DOMESTIC TREASURY ISSUES AGENCY ISSUES 5.554 3.993 1.561 -3.174 -3.616 442 5.775 4.764 1.011 4.767 2. 552 2.215 1.754 351 1.403 3.285 1.941 1.344 76 -2.480 2.556 5.866 401 5.465 6.322 1.981 4.341 14.071 7.260 6.811 13 14 15 16 17 18 19 20 PRIVATE DOMESTIC NONFINAN. TOTAL TREASURY ISSUES SAVINGS BONDS (HH) OTHER TREASURY ISSUES AGENCY ISSUES 13.338 10.973 -1.796 12.769 2.365 -5.693 -5.251 -265 -4.986 -442 -1.074 -1.206 803 -2.009 132 1.424 1.099 523 576 325 4.792 3.896 1.181 2.715 896 1.099 629 911 -282 470 3.248 1.700 635 1.065 1.548 7.700 3.843 554 3.289 3.857 -1.105 -2.083 970 -3.053 978 8.622 4.742 647 4.095 3.880 16 17 18 19 20 21 22 23 24 25 HOUSEHOLDS TOTAL TREASURY ISSUES SAVINGS BONDS OTHER TREASURY ISSUES AGENCY ISSUES 5.939 4.211 -1.796 6.007 1.728 -255 199 -265 464 ”454 638 459 803 -344 179 2.264 1.831 523 1.308 433 711 356 1.181 -825 355 2.487 1.258 911 347 1.229 2.079 841 635 206 1.238 7.633 2.832 554 2.278 4.801 1.647 1.163 970 193 484 6.280 4.886 647 4.239 1.394 21 22 23 24 25 26 27 28 NONFIN. CORPORATE BUSINESS TREASURY ISSUES AGENCY ISSUES 6.129 5.529 600 -5.953 -5.869 -84 -1.524 -1.656 132 -1.762 -1.789 27 3.154 2.821 333 -1.255 -647 -608 -1.695 -1.933 238 -1.705 -1.494 -211 -2.462 -2.440 -22 774 345 429 26 27 28 29 30 31 S. + L. GOVERNMENTS TREASURY ISSUES AGENCY ISSUES 1.270 1.233 37 515 419 96 -188 -9 -179 922 1.057 -135 927 719 208 -133 18 -151 2.864 2.792 72 1.772 2.505 -733 -290 -806 516 1.568 -489 2.057 29 30 31 -8.828 -7.707 ”1.121 2.464 2.067 397 6.288 5.610 678 1.251 -162 1.413 -2.934 -3.265 331 304 -219 523 -2.790 -3.378 588 -3.113 -3.412 299 9.505 6.468 3.037 3.349 2.053 1.296 32 33 34 -8.825 16 -19 2.463 -19 20 6.253 29 6 1.269 -30 12 -2.863 -107 36 274 43 -13 -2.856 67 -1 -3.085 -50 22 9.347 117 41 3.289 44 16 35 36 37 1.044 55 561 2.092 -104 1.882 -382 1.279 -2.078 2.100 38 1.044 72 7 317 55 -432 487 561 360 201 2.092 1.615 477 -104 -280 176 1.882 1.531 351 -382 -802 420 1.279 -30 1.309 -2.078 -2.404 326 2.100 465 1.635 39 40 41 754 658 96 236 115 121 581 617 -36 357 337 20 999 901 98 583 523 60 534 438 96 412 324 88 1.682 1.523 159 459 372 87 42 43 44 -305 -399 94 -567 -628 61 -35 -83 48 51 -53 104 -167 -244 77 21 -72 93 -275 -306 31 -500 -721 221 -275 -445 170 -66 -485 419 45 46 47 32 33 34 35 36 37 38 COMMERCIAL BANKING TREASURY ISSUES AGENCY ISSUES COMMERCIAL BANKS FOREIGN BANKING OFFICES BANKS IN U.S. POSSESSIONS PRIVATE NONBANK FINANCE 39 TOTAL, ALL PVT. NONBANK FIN. 40 TREASURY ISSUES AGENCY ISSUES 41 42 43 44 SAVINGS + LOAN ASSOCIATIONS TREASURY ISSUES AGENCY ISSUES 45 46 47 MUTUAL SAVINGS BANKS TREASURY ISSUES AGENCY ISSUES 48 49 50 CREDIT UNIONS TREASURY ISSUES AGENCY ISSUES 10 10 0 10 10 0 20 20 0 20 20 0 45 40 5 25 15 10 27 8 19 129 24 105 82 4 78 163 26 137 48 49 50 51 52 53 LIFE INSURANCE TREASURY ISSUES AGENCY ISSUES -293 -315 22 -412 -441 29 -284 -293 9 31 36 -5 -323 -357 34 -229 -219 -10 -437 -475 38 -129 -198 69 -244 -238 -6 -163 -227 64 51 52 53 54 55 56 PRIVATE PENSION FUNDS TREASURY ISSUES AGENCY ISSUES 244 168 76 -128 -214 86 32 21 11 210 175 35 124 78 46 144 37 107 -199 -176 -23 -243 -235 -8 -427 -318 -109 432 372 60 54 55 56 57 58 59 S. + L. GOVT., RTR. FUNDS TREASURY ISSUES AGENCY ISSUES 470 441 29 299 249 50 164 89 75 424 300 124 362 410 -48 554 520 34 234 123 111 122 -38 160 -817 -950 133 381 -244 625 57 58 59 60 61 62 OTHER INSURANCE COMPANIES TREASURY ISSUES AGENCY ISSUES 187 187 0 -40 -180 140 6 -88 94 280 81 199 122 158 -36 89 32 57 -17 -165 148 201 -473 674 -804 -705 -99 -110 -353 243 60 61 62 63 64 INVESTMENT COS. (TREASURY) MONEY MARKET FUNDS (TREAS) SECURITY BROKERS + DEALERS (TREASURY) 155 0 63 0 69 0 49 0 -9 0 39 0 44 0 626 0 -516 0 222 0 63 64 -178 594 8 670 -1.257 656 -293 661 -759 782 65 65 (1) WHERE NOT SHOWN SEPARATELY, LOAN PARTICIPATIONS ARE INCLUDED WITH AGENCY ISSUES. (2) THESE ISSUES ARE OUTSIDE THE BUDGET AND OUTSIDE THE U.S. GOVERNMENT SECTOR IN FLOW OF FUNDS ACCOUNTS. THEY ARE INCLUOEO IN CREDIT MARKET DEBT OF FINANCIAL INSTITUTIONS. MILLIONS OF DOLLARS OCTOBER 1979 U.S. GOVT. SECURITIES U.S. GOVT. SECURITIES 51 U.S. GOVERNMENT SECURITIES MARKET SUMMARY ANNUAL FLOWS, 1969-78 ANNUAL FLOWS, 1969-78 1970 1969 1971 1972 1973 1974 1975 1976 1977 1978 TOTAL NET ][SSUES, BY SECTOR AND TYPE 1 2 3 6. 161 -3.583 9. 744 21.711 11.926 9.785 30.883 24.970 5.913 23.560 15.161 8.399 28.268 8.337 19.931 34.258 11.897 22.361 98.176 85.495 12.681 88.106 69.118 18.988 84.320 56.876 27.444 95.191 53.778 41.413 4 5 6 -1.279 -96 -1.183 12.884 319 12.565 26.020 2.327 23.693 14.262 3.251 11.011 7.907 2.687 5.220 12.027 2.984 9.043 85.848 4.025 81.823 69.139 4.655 64.484 57.649 4.744 52.905 55.113 3.929 51.184 7 8 9 7.440 -374 -1.930 8.827 319 -1.277 4.863 791 -1.841 9.298 1.842 -943 20.361 736 -306 22.231 141 -271 12.328 -269 -84 18.967 60 -81 26.671 -532 -241 40.078 -1.053 —2 82 10 11 9. 066 678 8.234 1.551 1.142 4.771 3.521 4.878 16.295 3.636 16.602 5.759 2.342 10.339 3.325 15.663 6.956 20.488 23.069 18.344 TOTAL U.S.GOVERNMENT SECUR. U.S. GOVERNMENT SPON. AGENCIES + MTG.POOLS BY INSTRUMENT: TREASURY ISSUES HOUSEHOLD SAVINGS BONDS TREAS. EXCL. SAVINGS BONDS OTHER BUDGET AGENCY ISSUES LOAN PARTICIPATIONS (1) SPONS. AGENCY ISSUES (2) MORTGAGE POOL SECUR. (2) 1 2 3 4 5 6 7 8 9 10 11 TOTAL NET PURCHASES, BY SECTOR AND TYPE 1 2 3 4 5 6 6. 161 -1.297 -588 -586 279 -2 21.711 -97 1.100 1.095 -156 5 30.883 18 -546 -566 -63 20 23.560 -17 -1.215 -1.248 -88 33 28.268 —2 -19 -100 -24 81 34.258 2.502 423 296 0 127 98.176 4.504 1.469 1.494 0 -25 88.106 3.738 1.488 1.457 0 31 84.320 5.345 -3.802 -3.431 0 -371 95.191 7.730 590 481 0 109 TOTAL HOLDINGS, BY SECTOR U.S. GOVT. (AGENCY SEC.) SPONSORED CREDIT AGENCIES TREASURY MARKETABLE FHLB SPECIAL ISSUE AGENCY SECURITIES 1 2 3 4 5 6 7 8 9 4.217 4.217 0 4.988 4.988 0 8.662 8.076 586 426 -312 738 9.265 8.610 655 5.219 1.985 3.234 8.410 7.433 977 9.969 9.087 882 7.181 5.798 1.383 7.317 7.743 -426 FEDERAL RESERVE SYSTEM TREASURY ISSUES AGENCY ISSUES 7 8 9 10 11 12 -2.013 -2.237 224 9.312 7.829 1.483 26.302 13.948 12.354 8.402 1.250 7.152 229 -5.713 5.942 3.732 7.644 -3.912 8.104 6.647 1.457 11.620 3.325 8.295 31.481 8.093 23.388 28.221 13.911 14.310 FOREIGN SHORT-TERM MARKETABLE OTHER 10 11 12 13 14 15 5.842 -2.897 8.739 6.408 -2.511 8.919 -3.553 -7.792 4.239 15.964 7.420 8.544 18.795 -832 19.627 22.382 6.014 16.368 75.689 68.817 6.872 61.291 46.975 14.316 44.115 23.801 20.314 51.333 18.668 32.665 TOTAL PRIVATE DOMESTIC TREASURY ISSUES AGENCY ISSUES 13 14 15 16 17 18 19 20 17.655 10.717 -96 10.813 6. 938 -7.333 -9.413 319 -9.732 2.080 -10.886 -6.945 2.327 -9.272 -3.941 4.227 5.032 3.251 1.781 -805 18.807 11.291 2.687 8.604 7.516 18.927 11.035 2.984 8.051 7.892 24.133 27.630 4.025 23.605 -3.497 16.142 10.680 4.655 6.025 5.462 23.030 17.179 4.744 12.435 5.851 33.245 19.961 3.929 .16.032 13.284 PRIVATE DOMESTIC NONFINAN. TOTAL TREASURY ISSUES SAVINGS BONDS (HH) OTHER TREASURY ISSUES AGENCY ISSUES 16 17 18 19 20 21 22 23 24 25 15.977 10.968 -96 11.064 5. 009 -6.351 -10.989 319 -11.308 4.638 -10.188 -8.391 2.327 -10.718 -1.797 -400 3.096 3.251 -155 -3.496 18.781 17.171 2.687 14.484 1.610 19.421 15.648 2.984 12.664 3.773 16.778 19.770 4.025 15.745 -2.992 9.517 6.203 4.655 1.548 3.314 15.716 10.360 4.744 5.616 5.356 27.020 17.273 3.929 13.344 9.747 HOUSEHOLDS TOTAL TREASURY ISSUES SAVINGS BONDS OTHER TREASURY ISSUES AGENCY ISSUES 21 22 23 24 25 26 27 28 -3.071 -3.313 242 170 637 -467 2.476 2.774 -298 -2.051 -2.176 125 -3.400 -4.899 1.499 2.269 860 1.409 8.715 9.512 -797 2.304 2.301 3 -6.147 -5.774 -373 -6.321 -7.062 741 NONFIN. CORPORATE BUSINESS 26 TREASURY ISSUES 27 AGENCY ISSUES 28 29 30 31 4.749 3.062 1.687 -1.152 939 -2.091 -3.174 -1.328 -1.846 6.678 4.112 2.566 3.426 -981 4.407 -2.763 -5.473 2.710 -1.360 -1.652 292 4.321 2.176 2.145 13.461 12.593 86 8 12.546 9.750 2.796 S. + L. GOVERNMENTS TREASURY ISSUES AGENCY ISSUES 32 33 34 -10.048 -9.708 -340 10.759 6.918 3.841 7.124 3.115 4.009 6.481 2.422 4.059 -1.294 -8.872 7.578 713 -2.921 3.634 30.003 28.626 1.377 20.178 18.709 1.469 -1.146 -1.918 772 504 -6.528 7.032 35 36 37 -10.097 21 28 10.874 -144 29 7.197 -234 161 5.954 322 205 -1.381 160 -73 743 194 -224 30.096 -164 71 19.555 546 77 -1.267 -87 208 118 459 -73 38 -1.765 2.982 209 5.256 1.282 2.742 21.553 24.971 22.231 17.584 39 40 41 -1.765 -3.906 2. 141 2.982 -16 2.998 209 -3.962 4.171 5.256 -34 5.290 1.282 -3.251 4.533 2.742 -2.100 4.842 21.553 12.561 8.992 24.971 17.586 7.385 22.231 8.540 13.691 17.584 5.235 12.349 42 43 44 -299 -1.482 1.183 576 -1.296 1.872 2.486 -559 3.045 1.580 -843 2.423 718 -1.590 2.308 -165 -1.378 1.213 4.797 717 4.080 5.912 5.246 666 4.354 -556 4.910 5.250 680 4.570 SAVINGS + LOAN ASSOCIATIONS TREASURY ISSUES AGENCY ISSUES 42 43 44 45 46 47 -458 -612 154 367 -71 438 914 117 797 1.378 242 1.136 -459 -516 57 -247 -439 192 3.916 2.185 1.731 4.043 1.100 2.943 2.647 55 2.592 760 -945 1.705 MUTUAL SAVINGS BANKS TREASURY ISSUES AGENCY ISSUES 45 46 47 48 49 50 316 170 146 343 31 312 216 6 210 521 -46 567 477 259 218 388 71 317 1.115 329 786 638 166 472 458 81 377 17 -24 41 CREDIT UNIONS TREASURY ISSUES AGENCY ISSUES 48 49 50 51 52 53 -236 -332 96 60 -82 142 -119 -214 95 107 -1 108 -234 -383 149 109 -72 181 1.718 1.364 354 1.531 632 899 1.631 -53 1.684 2.048 -493 2.541 LIFE INSURANCE TREASURY ISSUES AGENCY ISSUES 51 52 53 54 55 56 36 -175 211 237 -59 296 -297 1 -298 957 853 104 715 165 550 1.129 -191 1.320 5.231 4.483 748 3.949 3.683 266 5.425 4.812 613 2.105 1.575 530 PRIVATE PENSION FUNDS treasury issues AGENCY ISSUES 54 55 56 57 58 59 -328 -484 156 -408 -333 -75 -1.155 -1.208 53 262 -299 561 140 -1.089 1.229 326 -923 1.249 1.626 955 671 3.099 1.517 1.582 5.557 2.569 2.988 6.376 3.829 2.547 S. + L. GOVT., RTR. FUNDS TREASURY ISSUES AGENCY ISSUES 57 58 59 60 61 62 -290 -485 195 -37 -50 13 54 -215 269 109 -282 391 -42 -64 22 393 23 370 2.482 1.860 622 3.137 2.580 557 2.987 2.460 527 1.355 940 415 OTHER INSURANCE COMPANIES TREASURY ISSUES AGENCY ISSUES 60 61 62 63 64 -468 0 175 0 -291 0 130 0 -29 0 449 112 -43 815 20 222 177 -266 -179 603 63 64 65 -38 1.669 -1.599 212 -4 248 -104 2.420 -739 -751 INVESTMENT COS. (TREASURY) MONEY MARKET FUNDS (TREAS) SECURITY BROKERS + DEALERS (TREASURY) COMMERCIAL BANKING TREASURY ISSUES AGENCY ISSUES COMMERCIAL BANKS FOREIGN BANKING OFFICES BANKS IN U.S. POSSESSIONS PRIVATE NONBANK FINANCE TOTAL, ALL PVT. NONBANK FIN. TREASURY ISSUES AGENCY ISSUES (1) WHERE NOT SHOWN SEPARATELY, LOAN PARTICIPATIONS ARE INCLUDED WITH AGENCY ISSUES. (2) THESE ISSUES ARE OUTSIDE THE BUDGET AND OUTSIDE THE U.S. GOVERNMENT SECTOR IN FLOW OF FUNDS ACCOUNTS. THEY ARE INCLUDED IN CREDIT MARKET DEBT OF FINANCIAL INSTITUTIONS. MILLIONS OF DOLLARS 29 30 31 32 33 34 35 36 37 38 39 40 41 65 OCTOBER 1979 PRIVATE SECURITIES 52 PRIVATE SECURITIES STATE ♦ LOCAL GOVERNMENT, CORPORATE, ANO FOREIGN SECURITIES ANNUAL FLOWS, 1949-58 ANNUAL FLOWS, 1949 1950 1951 1952 1953 1954 1955 1949-58 1956 1957 1958 STATE AND LOCAL GOVERNMENT SECURITIES 1 NET CHANGE IN LIABILITIES 2 STATE + LOCAL GOVERNMENTS SHORT-TERM 3 OTHER 4 5 NONFIN. CORPORATE BUSINESS (POLLUTION CONTROL) 2.582 2.582 204 2.378 0 3.332 3.332 393 2.939 0 2.178 2.178 312 1.866 0 3.684 3.684 193 3.491 0 4.269 4.269 169 4.100 0 6.082 6.082 no 5.972 0 5.276 5.276 28 5.248 0 3.591 3.591 94 3.497 0 4.247 4.247 175 4.072 0 5.498 5.498 415 5.083 0 1 2 3 4 5 6 NET CHANGE IN ASSETS 7 HOUSEHOLDS 8 NONFIN. CORPORATE BUSINESS 9 ST.+LOC. GOVT, GEN. FUNDS 2.582 691 33 313 3.332 548 167 284 2.178 338 192 29 3.684 2.014 -31 50 4.269 1.829 193 182 6.082 2.523 -34 174 5.276 3.451 248 12 3.591 2.152 123 1 4.247 1.690 138 110 5.498 813 479 147 6 7 8 9 10 11 12 COMMERCIAL BANKING SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS 898 0 15 1.597 0 2 1.096 0 52 1.009 0 195 657 0 93 1.763 0 180 196 0 38 143 0 29 1.014 0 10 2.590 0 44 10 11 12 13 14 15 16 LIFE INSURANCE COMPANIES ST.+LOC. GOVT, RTR. FUNDS OTHER INSURANCE COMPANIES BROKERS + DEALERS 180 183 284 -15 100 200 316 118 -10 163 304 14 11 171 421 -156 145 220 748 202 548 273 785 -130 192 347 792 0 235 387 721 -200 103 429 653 100 305 424 681 15 13 14 15 16 CORPORATE AND FOREIGN BONDS 1 NET ISSUES 2 NONFIN. CORPORATE BUSINESS 3 REST OF THE WORLD 4 COMMERCIAL BANKS 5 SAVINGS + LOAN ASSOCIATIONS FINANCE COMPANIES 6 7 REITS 8 NET PURCHASES 9 HOUSEHOLDS 10 REST OF THE WORLD 11 COMMERCIAL BANKING MUTUAL SAVINGS BANKS 12 13 14 15 16 17 INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT, RTR. FUNDS OTHER INSURANCE COMPANIES 18 19 OPEN-END INVESTMENT COS. BROKERS + DEALERS 3.276 2.903 -9 0 0 382 0 2.255 1.624 251 0 0 380 0 3.860 3. 295 277 0 0 288 0 4.968 4.684 27 0 0 257 0 4.645 3.356 -112 0 0 1.401 0 3.352 3.479 -50 0 0 -77 0 3.567 2.836 -193 0 0 924 0 5.006 3.615 310 0 0 1.081 0 7.497 6.317 435 0 0 745 0 6.803 5.683 918 0 0 202 0 1 2 3 4 5 6 7 3.276 -406 95 181 210 2.255 -797 -10 165 -18 3.860 214 6 -207 176 4.968 -24 36 -113 309 4.645 -98 15 53 242 3.352 -925 6 -90 125 3.567 529 54 -183 -330 5.006 1.113 67 -514 73 7.497 933 90 118 587 6.803 1.219 54 -47 552 8 9 10 11 12 2.993 2.573 319 135 -34 3.008 1.821 965 183 39 3.590 2.715 655 116 104 4.617 3.098 1.065 309 145 4.446 2.706 1.099 516 125 4.006 2.103 1.260 589 54 3.309 1.749 946 577 37 4.274 2.152 1.622 473 27 5.573 2.672 1.862 859 180 5.152 2.401 1.505 1.102 144 13 14 15 16 17 18 185 47 -140 41 40 81 62 -2 -11 99 131 34 154 194 -201 113 83 155 -282 18 19 CORPORATE 1EQUITIES 1 NET ISSUES OPEN-END INVESTMENT COS. 2 3 OTHER SECTORS 4 NONFIN. CORPORATE BUSINESS 5 REST OF THE WORLD 6 COMMERCIAL BANKS 7 OTHER INSURANCE COMPANIES 8 REITS 9 NET PURCHASES 10 HOUSEHOLDS REST OF THE WORLD 11 12 COMMERCIAL BANKING 13 MUTUAL SAVINGS BANKS 1.552 327 1.225 1.212 -18 11 20 0 1.669 239 1.430 1.288 24 72 46 0 2.671 297 2.374 2.107 76 144 47 0 3.086 531 2.555 2.320 60 139 36 0 2.325 408 1.917 1.766 -51 114 88 0 2.695 522 2.173 1.583 256 228 106 0 2.724 780 1.944 1.719 173 -51 103 0 3.739 1.049 2.690 2.250 111 267 62 0 3.885 1.070 2.815 2.441 35 273 66 0 4.098 1.596 2.502 1.968 332 54 148 0 1 2 3 4 5 6 7 8 1.552 695 -21 0 0 1.669 677 3 0 24 2.671 1.826 120 0 46 3.086 1.642 1 1 109 2.325 974 55 1 95 2.695 825 135 2 140 2.724 955 127 1 84 3.739 1.985 256 0 50 3.885 1.544 147 3 62 4.098 1.547 -54 1 95 9 10 11 12 13 14 15 16 17 18 INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT, RTR. FUNDS OTHER INSURANCE COMPANIES 488 226 124 7 131 980 317 519 9 135 459 55 253 12 139 838 164 478 15 181 847 93 545 19 190 1.166 270 709 24 163 995 65 739 28 163 1.109 -2 941 34 136 1.354 43 1.135 51 125 1.651 78 1.381 58 134 14 15 16 17 18 19 20 OPEN-END INVESTMENT COS. BROKERS + DEALERS 204 186 125 -140 179 41 433 62 364 -11 297 130 409 153 539 -200 691 84 1.141 -283 19 20 MILLIONS OF DOLLARS OCTOBER 1979 PRIVATE SECURITIES PRIVATE SECURITIES 53 STATE + LOCAL GOVERNMENT, CORPORATE, AND FOREIGN SECURITIES ANNUAL FLOWS, ANNUAL FLOWS, 1959-68 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1959-68 STATE AND LOCAL GOVERNMENT SECURITIES 1 2 3 4 5 6.280 6.280 403 5.877 0 5.280 5.280 284 4.996 0 5.085 5.085 236 4.849 0 5.358 5.358 -11 5.369 0 5.723 5.723 446 5.277 0 6.001 6.001 761 5.240 0 7.345 7.345 618 6.727 0 5.647 5.647 661 4.986 0 7.769 7.769 1.823 5.946 0 9.516 9.516 143 9.373 0 NET CHANGE IN LIABILITIES STATE + LOCAL GOVERNMENTS SHORT-TERM OTHER NONFIN. CORPORATE BUSINESS (POLLUTION CONTROL) 1 2 3 4 5 6 7 8 9 6.280 4.184 -164 -23 5.280 2.615 588 33 5.085 1.206 13 16 5.358 -512 302 -190 5.723 490 1.090 -239 6.001 2.641 -107 -111 7.345 1.785 920 -56 5.647 4.031 -961 -42 7.769 -2.334 -339 0 9.516 -541 482 46 NET CHANGE IN ASSETS HOUSEHOLDS NONFIN. CORPORATE BUSINESS ST.+LOC. GOVT, GEN. FUNDS 6 7 8 9 10 11 12 406 0 -7 607 0 -49 2.782 0 5 5.191 0 -150 4.445 0 -87 3.572 0 -49 5.147 0 -71 2.399 0 -69 9.121 0 -32 8.551 75 -25 13 14 15 16 519 288 990 87 388 155 845 98 300 -143 973 -67 138 -459 848 190 -174 -500 707 -9 -78 -404 358 179 -244 -275 379 -240 -270 -144 691 12 -115 -75 1.502 41 49 -24 861 42 COMMERCIAL BANKING SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS 10 11 12 LIFE INSURANCE COMPANIES ST.+LOC. GOVT, RTR. FUNDS OTHER INSURANCE COMPANIES BROKERS + DEALERS 13 14 15 16 CORPORATE AND FOREIGN BONDS 1 2 3 4 5 6 7 4.605 2.955 473 0 0 1. 177 0 5.412 3.456 577 0 0 1.379 0 5.227 4.640 437 0 0 150 0 5.504 4.55 0 994 0 0 -40 0 6.214 3.913 993 233 0 1.075 0 6.765 3.994 467 540 0 1.764 0 8.069 5.392 460 817 0 1.400 0 11.183 10.224 735 104 0 120 0 16.553 14.658 1.216 269 0 410 0 14.423 12.893 1.084 258 0 188 0 NET ISSUES NONFIN. CORPORATE BUSINESS REST OF THE WORLD COMMERCIAL BANKS SAVINGS + LOAN ASSOCIATIONS FINANCE COMPANIES REITS 8 9 10 11 12 4.605 448 -56 -133 -128 5.412 695 79 -196 154 5.227 -141 1 -161 -149 5.504 -480 25 133 -116 6.214 170 57 -468 -295 6.765 -503 208 485 -169 8.069 482 -147 -119 -127 11.183 1.332 620 56 287 16.553 3.877 -128 939 2.075 14.423 4.294 187 193 1.312 NET PURCHASES HOUSEHOLDS REST OF THE WORLD COMMERCIAL BANKING MUTUAL SAVINGS BANKS 13 14 15 16 17 4.240 2.076 1.243 860 61 4.556 1.717 1.614 1.136 87 5.403 2.462 1.183 1.728 30 5.852 2.467 1.219 1.818 348 6.356 2.825 1.459 2.113 -41 6.466 2.319 1.646 2.161 340 7.268 2.825 1.497 2.301 645 8.413 2.375 2.528 2.939 571 9.376 3.810 1.124 3.737 705 8.168 3.708 645 2.644 1.171 18 19 156 78 156 -32 340 -66 30 60 171 223 361 -83 405 307 361 114 44 370 449 -180 1 2 3 4 5 6 7 8 9 10 11 12 INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT, RTR. FUNDS OTHER INSURANCE COMPANIES 13 14 15 16 17 OPEN-END INVESTMENT COS. BROKERS + DEALERS 18 19 CORPORATE EQUITIES 1 2 3 4 5 6 7 8 4.317 1.777 2.540 2.078 195 132 135 0 3.096 1.444 1.652 1.365 86 122 79 0 5.050 2.170 2.880 2.121 325 178 256 0 2.30 5 1.721 584 369 -25 96 143 1 1.563 1.454 109 -341 111 51 286 2 3.574 2.046 1.528 1.145 210 45 123 5 3.569 3.272 297 -28 298 -62 85 4 4.804 3.722 1.082 1.259 -253 -11 81 6 5.563 3.036 2.527 2.397 50 -37 110 7 6.529 5.907 622 -159 155 -57 247 436 9 10 11 12 13 4.317 619 351 1 -49 3.096 -523 203 4 16 5.050 324 323 1 65 2.305 -2.031 109 0 149 1.563 -2.551 225 1 115 3.574 -131 -292 3 101 3.569 -2.056 -400 10 167 4.804 -634 -305 11 41 5.563 -4.172 698 11 219 6.529 -6.429 2.097 12 251 14 15 16 17 18 2.277 192 1.743 75 267 2.648 352 1.946 86 264 3.135 465 2.258 152 260 3.076 433 2.198 197 248 2.781 246 2.170 209 156 3.134 546 2.212 273 103 4.271 708 3.124 352 87 4.626 268 3.479 488 391 6.584 1.017 4.562 670 335 8.251 1.357 4.822 1.317 755 INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT, RTR. FUNDS OTHER INSURANCE COMPANIES 14 15 16 17 18 19 20 1.038 80 780 -32 1.268 -66 941 61 769 223 842 -83 1.271 306 953 112 1.851 372 2.527 -180 OPEN-END INVESTMENT COS. BROKERS + DEALERS 19 20 MILLIONS OF DOLLARS NET ISSUES OPEN-END INVESTMENT COS. OTHER SECTORS NONFIN. CORPORATE BUSINESS REST OF THE WORLD COMMERCIAL BANKS OTHER INSURANCE COMPANIES REITS NET PURCHASES HOUSEHOLDS REST OF THE WORLD COMMERCIAL BANKING MUTUAL SAVINGS BANKS 1 2 3 4 5 6 7 8 9 10 11 12 13 OCTOBER 1979 PRIVATE SECURITIES PRIVATE SECURITIES STATE + LOCAL GOVERNMENT, CORPORATE, AND FOREIGN SECURITIES 54 ANNUAL FLOWS, 1969-78 ANNUAL FLOWS, 1969 1970 1971 1972 1973 1974 1975 1969-78 1976 1977 1978 STATE: AND LOCAL GOVERNMENT SECURITIES 1 NET CHANGE IN LIABILITIES STATE + LOCAL GOVERNMENTS 2 3 SHORT-TERM 4 OTHER 5 NONFIN. CORPORATE BUSINESS (POLLUTION CONTROL) 9.926 9.926 2.766 7.160 0 11.231 11.231 2.343 8.888 0 17.422 17.336 2.483 14.853 86 14.709 14.161 52 14.109 548 14.708 12.912 315 12.597 1.796 16.480 14.832 2.709 12.123 1.648 16.148 13.548 -259 13.807 2.600 15.664 13.179 -4.067 17.246 2.485 23.653 20.158 —2.629 22.787 3.495 28.278 25.120 587 24.533 3.158 1 2 3 4 5 6 NET CHANGE IN ASSETS 7 HOUSEHOLDS 8 NONFIN. CORPORATE BUSINESS 9 ST.+LOC. GOVT, GEN. FUNDS 9.926 9.287 -982 65 11.231 -852 -625 148 17.422 97 1.000 -252 14.709 2.255 1.000 -299 14.708 5.285 -137 229 16.480 8.302 616 524 16.148 6.201 -173 2.383 15.664 2.534 -1.062 2.372 23.653 2.607 49 -84 28.278 3.312 190 1.018 6 7 8 9 643 25 6 10.668 23 4 12.607 27 193 7.151 15 483 5.696 20 48 5.392 315 9 1.779 1.008 615 3.049 -283 872 9.179 -25 411 9.550 75 507 10 11 12 27 -51 1.093 -187 85 -299 1.525 554 57 120 3.460 113 4 -123 4.339 -116 45 -338 3.642 218 255 -708 2.200 -425 841 957 2.611 -74 1.086 1.420 5.406 270 457 184 10.711 164 351 410 13.066 -201 13 14 15 16 10 11 12 COMMERCIAL BANKING SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS 13 14 15 16 LIFE INSURANCE COMPANIES ST.+LOC. GOVT, RTR. FUNDS OTHER INSURANCE COMPANIES BROKERS + DEALERS CORPORATE AND FOREIGN BONDS 1 NET ISSUES 2 NONFIN. CORPORATE BUSINESS 3 REST OF THE WORLD 4 COMMERCIAL BANKS 5 SAVINGS + LOAN ASSOCIATIONS 6 FINANCE COMPANIES 7 REITS 8 NET PURCHASES 9 HOUSEHOLDS 10 REST OF THE WORLD 11 COMMERCIAL BANKING 12 MUTUAL SAVINGS BANKS 13 14 15 16 17 INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT, RTR. FUNDS OTHER INSURANCE COMPANIES 18 19 OPEN-END INVESTMENT COS. BROKERS + DEALERS 13.829 11.975 1.028 -184 0 915 95 23.306 19.756 874 98 0 2.073 505 23.513 18.807 940 855 0 2.495 416 18.350 12.187 1.030 1.137 0 3.622 374 13.631 9.159 958 8 0 2.956 550 23.870 19.670 2.102 155 0 1.784 159 36.368 27.204 6.216 189 50 2.709 0 37.232 22.831 8.560 682 90 5.252 -183 36.149 20.977 5.051 554 1.155 8.499 -87 31.606 20.116 4.013 177 666 6.830 -196 1 2 3 4 5 6 7 13.829 5.361 536 -91 332 23.306 9.466 671 1.058 1.201 23.513 8.787 292 940 3.883 18.350 4.971 71 1.313 2.136 13.631 2.028 69 340 -1.092 23.870 5.113 850 1.021 916 36.368 8.350 593 1.804 3.546 37.232 5.791 890 -646 2.799 36.149 -3.282 3.520 -40 1.163 31.606 -1.366 1.629 -297 68 8 9 10 11 12 7.153 1.737 613 3.994 809 10.102 1.471 1.830 4.496 2.305 8.863 5.466 -829 3.941 285 9.481 6.992 -1.020 4.231 -722 12.811 5.853 1.887 5.210 -139 16.982 3.988 4.488 6.496 2.010 19.903 9.095 1.781 6.847 2.180 25.828 16.884 -289 5.319 3.914 33.398 18.758 5.369 5.589 3.682 33.365 17.300 5.904 8.591 1.570 13 14 15 16 17 178 360 700 108 624 124 158 220 -872 347 -404 -608 974 1.198 2.211 359 1.064 326 -931 -862 18 19 CORPORATE EQUITIES 1 NET ISSUES OPEN-END INVESTMENT COS. 2 3 OTHER SECTORS 4 NONFIN. CORPORATE BUSINESS REST OF THE WORLD 5 COMMERCIAL BANKS 6 7 OTHER INSURANCE COMPANIES 8 REITS 9 NET PURCHASES 10 HOUSEHOLDS REST OF THE WORLD 11 12 COMMERCIAL BANKING 13 MUTUAL SAVINGS BANKS 10.139 4.929 5.210 3.406 467 -31 549 819 10.515 2.770 7.745 5.694 68 127 393 1.463 14.971 1.287 13.684 11.435 27 624 599 999 13.268 -529 13.797 10.922 -412 1.168 456 1.663 9.182 -1.211 10.393 7.883 -199 1.216 538 955 4.124 -712 4.836 4.097 -249 1.000 863 -875 10.693 -76 10.769 9.908 184 1.000 959 -1.282 11.884 -989 12.873 10.524 322 1.600 908 -481 3.988 -930 4.918 2.727 409 572 940 270 3.740 -980 4.720 2.599 -516 1.143 1.086 408 1 2 3 4 5 6 7 8 10.139 -3.609 1.565 8 238 10.515 -1.492 697 17 333 14.971 -5.116 836 -4 475 13.268 -5.609 2.434 23 603 9.182 -6.669 2.763 49 375 4.124 -2.220 539 12 196 10.693 -3.528 4.667 10 161 11.884 -3.155 2.753 35 63 3.988 -6.123 2.675 31 370 3.740 -6.219 2.408 40 68 9 10 11 12 13 14 15 16 17 18 INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT, RTR. FUNDS OTHER INSURANCE COMPANIES 9.854 1.705 5.382 1.788 979 9.671 1.984 4.566 2.137 984 18.211 3.640 8.915 3.185 2.471 17.419 3.500 7.285 3.677 2.957 14.630 3.557 5.290 3.411 2.372 6.678 2.298 2.305 2.569 -494 9.321 1.910 5.772 2.388 -749 14.326 2.980 7.302 3.116 928 10.482 1.190 4.460 3.659 1.173 9.939 -112 5.332 2.735 1.984 14 15 16 17 18 19 20 OPEN-END INVESTMENT COS. BROKERS + DEALERS 1.722 361 1.180 109 445 124 -1.821 219 -2.314 348 -473 -608 -1.136 1.198 -2.495 357 -3.773 326 -1.633 -863 19 20 MILLIONS OF DOLLARS OCTOBER 1979 MORTGAGES - I MORTGAGES - I MORTGAGE MARKETS BY TYPE OF MORTGAGE ANNUAL FLOWS, 55 ANNUAL FLOWS, 1949-58 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1949-58 TOTAL MORTGAGES 1 2 3 4 5 6.480 4.342 1.167 680 291 10.139 7.554 1.472 621 492 9.463 6.543 1.341 999 580 9.118 6.790 839 904 585 9.900 7.594 640 1.165 501 12.373 9.575 544 1.745 509 16.221 12.572 825 2.048 776 14.560 10.752 574 2.421 813 12.163 8.616 547 2.438 562 15.684 10.070 1.954 2.948 712 6 7 8 0 44 0 0 46 0 0 47 0 0 132 0 0 50 0 0 239 0 0 123 0 0 -25 0 96 -31 0 436 305 0 9 10 11 12 13 14 15 6.436 4.422 385 1.629 291 552 786 10.093 6.714 463 2.916 492 1.150 1.274 9.416 6.624 512 2.280 580 656 1.044 8.986 6.212 463 2.311 585 691 1.035 9.850 7.624 489 1.737 501 350 886 12.134 8.686 592 2.856 509 715 1.632 16.098 12.161 590 3.347 776 706 1.865 14.585 11.233 675 2.677 813 237 1.627 12.098 8.881 742 2.475 562 280 1.633 14.943 9.463 783 4.697 712 1.130 2.855 16 17 18 6.480 713 81 10.139 668 52 9.463 894 69 9.118 696 103 9.900 992 83 12.373 1.133 90 16.221 1.261 59 14.560 1.584 80 12.163 1.938 202 15.684 2.565 212 19 20 21 471 33 3 315 47 25 614 58 11 513 81 10 390 89 7 99 101 18 197 302 38 22 807 33 281 1.163 24 410 -85 17 22 23 24 25 26 27 5.179 748 2.229 1.311 898 20 9.032 2.018 3.598 2.041 1.557 0 7.817 1.069 3.572 1.907 1.654 11 7.715 1.135 4.331 2.832 1.464 35 8.339 983 5.153 3.566 1.563 24 10.932 1.724 6.222 4.146 2.064 12 14.364 2.430 i,m 5.301 2.450 26 12.034 1.715 6.665 4.320 2.289 56 8.555 618 5.736 4.278 1.423 35 12.565 2.186 7.742 5.620 2.094 28 28 29 30 31 32 33 34 2.127 2.073 20 17 17 75 0 3.250 3.196 20 23 11 166 0 3.274 3.212 18 30 14 -98 0 2.007 1.937 29 36 5 242 0 2.177 2.071 43 47 16 26 0 2.765 2.654 46 61 4 221 0 3.630 3.469 83 69 9 527 0 3.758 3.544 128 77 9 -104 0 2.526 2.247 134 145 0 -325 0 2.180 1.826 159 196 -1 457 0 35 -82 383 101 -47 88 -85 550 -189 NET CHANGE IN MORTGAGES HOME MORTGAGES MULTI-FAMILY RESID. COMMERCIAL FARM BORROWED BY: U.S. GOVERNMENT SAVINGS + LOAN ASSOCIATIONS REITS PRIVATE NONFINANCIAL SECTORS HOUSEHOLDS NONPROFIT INSTITUTIONS NONFINANCIAL BUSINESS FARMS NONFARM NONCORPORATE CORPORATE FUNDS ADVANCED BY: HOUSEHOLDS ST.+LOC. GOVT, GEN. FUNDS U.S. GOVERNMENT SPONSORED CREDIT AG. MORTGAGE POOLS (1) PRIVATE FINAN. INSTITUTIONS COMMERCIAL BANKING SAVINGS INSTITUTIONS S+L ASSOCIATIONS (1) MUTUAL SAVINGS BANKS CREDIT UNIONS INSURANCE LIFE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT, RTR. FUND OTHER INSURANCE COS. FINANCE COMPANIES REITS 33 37 (1) MEMO: FHLB LOANS TO S+L ASSOCIATIONS (INCLUDED IN "OTHER LOANS" CATEGORY). 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 HOME MORTGAGES 1 2 3 4 5 4.342 4.422 -62 -62 44 7.554 6.714 397 397 46 6.543 6.624 -64 -64 47 6.790 6.212 223 223 132 7.594 7.624 -40 -40 50 9.575 8.686 325 325 239 12.572 12.161 144 144 123 10.752 11.233 -228 -228 -25 8.616 8.881 -117 -117 -31 10.070 9.463 151 151 305 NET BORROWING HOUSEHOLDS NONFARM NONCORP. BUSINESS NONFIN. CORPORATE BUSINESS SAVINGS + LOAN ASSOCIATIONS 1 2 3 4 5 6 7 8 4.342 187 75 7.554 199 46 6.543 260 62 6.790 101 77 7.594 318 60 9.575 199 65 12.572 90 38 10.752 262 71 8.616 539 195 10.070 356 194 NET CHANGE IN ASSETS HOUSEHOLDS STATE + LOCAL GOVERNMENTS 6 7 8 9 10 11 12 466 0 0 560 292 0 0 1.525 595 0 0 794 460 0 0 975 247 0 0 775 0 0 0 1.275 159 86 0 1.775 -44 563 0 1.170 166 987 0 140 230 -255 0 1.243 U.S. GOVERNMENT SPONS. CREDIT AGENCIES MORTGAGE POOLS COMMERCIAL BANKING 9 10 11 12 13 14 15 16 1.825 1.276 529 20 2.947 1.999 948 0 2.758 1.728 1.019 11 3.792 2.801 956 35 4.684 3.354 1.306 24 5.827 4.005 1.810 12 7.374 4.997 2.351 26 6.240 4.003 2.181 56 5.414 3.992 1.387 35 6.792 4.894 1.870 28 SAVINGS INSTITUTIONS SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS CREDIT UNIONS 13 14 15 16 17 18 19 20 1.167 1.150 8 9 2.407 2.385 10 12 2.155 2.132 8 15 1.180 1.147 14 19 1.484 1.438 20 26 2.014 1.958 22 34 2.588 2.508 41 39 2.572 2.469 60 43 1.454 1.311 63 80 1.111 933 73 105 INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT, RTR. FUNDS 17 18 19 20 21 22 62 0 138 0 -81 0 205 0 26 0 195 0 462 0 -82 0 -279 0 399 0 FINANCE COMPANIES REITS 21 22 MILLIONS OF DOLLARS OCTOBER 1979 MORTGAGES - I MORTGAGES - 56 I MORTGAGE MARKETS BY TYPE OF MORTGAGE ANNUAL FLOWS» ANNUAL FLOWS, 1959-68 1959 1960 1961 1963 1962 1964 1959-68 1965 1966 1967 1968 TOTAL MORTGAGES 19.366 13.167 2.135 3.072 992 17.085 11.086 2.086 3.176 737 20.691 12.793 2.836 3.983 1.079 23.733 14.569 3.110 4.778 1.276 27.100 17.094 3.292 5.085 1.629 27.461 16.962 4.554 3.825 2.120 27.416 17.121 3.635 4.415 2.245 22.708 12.100 3.062 5.681 1.865 24.601 14.412 3.540 4.684 1.965 29.762 17.466 3.436 6.700 2.160 1 2 3 4 5 315 132 0 405 -107 0 222 364 0 260 449 0 62 529 0 30 -289 0 19 -41 0 -62 -928 0 -63 987 0 -66 192 200 6 7 8 18.919 12.837 778 5.304 992 1.242 3.070 16.787 11.691 830 4.266 737 895 2.634 20.105 12.195 869 7.041 1.079 1.969 3.993 23.024 14.148 987 7.889 1.276 2.165 4.448 26.509 16.249 969 9.291 1.629 2.810 4.852 27.720 17.475 1.001 9.244 2.120 3.440 3.684 27.438 17.012 1.138 9.288 2.245 3.155 3.888 23.698 13.806 1.166 8.726 1.865 2.462 4.399 23.677 12.529 1.064 10.084 1.965 3.610 4.509 29.436 17.058 1.075 11.303 2.160 3.062 6.081 9 10 11 12 13 14 15 19.366 2.097 255 17.085 2.767 192 20.691 3.236 267 23.733 2.104 251 27.100 1.484 197 27.461 1.497 227 27.416 439 189 22.708 2.040 175 24.601 2.055 115 29.762 2.841 192 16 17 18 1.270 942 14 195 1.057 -2 449 233 88 73 198 123 -405 -527 112 -47 344 99 -17 1.086 245 978 2.553 445 993 1.777 674 1.437 2.162 538 19 20 21 14.788 2.622 9.295 7.514 1.729 52 12.876 661 8.904 6.929 1.943 32 16.418 1.636 11.004 8.764 2.210 30 20.984 4.034 13.159 9.936 3.175 48 26.239 4.938 16.125 12.174 3.904 47 25.341 4.562 14.766 10.389 4.332 45 25.474 5.699 13.067 8.973 4.061 33 16.517 4.680 6.508 3.736 2.719 53 18.987 4.539 10.467 7.278 3.154 35 22.592 6.582 11.729 8.902 2.788 39 22 23 24 25 26 27 2.624 2.135 247 256 -14 247 0 3.347 2.574 312 458 3 -36 0 3.143 2.432 259 446 6 635 0 3.340 2.699 316 346 -21 451 0 4.343 3.642 344 370 -13 833 0 5.623 4.608 558 45 8 -1 390 0 6.166 4.861 607 676 22 542 0 5.893 4.596 526 770 1 -564 0 3.585 2.907 172 487 19 396 0 2.810 2.459 -16 359 8 641 830 28 29 30 31 32 33 34 836 681 -153 35 (1) MEMO: FHLB LOANS TO S+L ASSOCIATIONS (INCLUDED IN "OTHER LOANS" CATEGORY). 817 1.305 541 672 93 8 -2.549 873 35 1 NET CHANGE IN MORTGAGES 2 HOME MORTGAGES MULTI-FAMILY RESID. 3 4 COMMERCIAL FARM 5 BORROWED BY: 6 U.S. GOVERNMENT SAVINGS + LOAN ASSOCIATIONS 7 8 REITS 9 10 11 12 13 14 15 PRIVATE NONFINANCIAL SECTORS HOUSEHOLDS NONPROFIT INSTITUTIONS NONFINANCIAL BUSINESS FARMS NONFARM NONCORPORATE CORPORATE 16 FUNDS ADVANCED BY: 17 HOUSEHOLDS 18 ST.+LOC. GOVT, GEN. FUNDS 19 20 21 U.S. GOVERNMENT SPONSORED CREDIT AG. MORTGAGE POOLS 22 23 24 25 26 27 PRIVATE FINAN. INSTITUTIONS COMMERCIAL BANKING SAVINGS INSTITUTIONS S+L ASSOCIATIONS (1) MUTUAL SAVINGS BANKS CREDIT UNIONS 28 29 30 31 32 33 34 (1) INSURANCE LIFE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT, RTR. FUND OTHER INSURANCE COS. FINANCE COMPANIES REITS HOME MORTGAGES 1 NET BORROWING 2 HOUSEHOLDS 3 NONFARM NONCORP. BUSINESS 4 NONFIN. CORPORATE BUSINESS 5 SAVINGS + LOAN ASSOCIATIONS 13.167 12.837 99 99 132 11.086 11.691 -249 -249 -107 12.793 12.195 117 117 364 14.569 14.148 -14 -14 449 17.094 16.249 158 158 529 16.962 17.475 -112 -112 -289 17.121 17.012 75 75 -41 12.100 13.806 -389 -389 -928 14.412 12.529 448 448 987 17.466 17.058 108 108 192 1 2 3 4 5 6 NET CHANGE IN ASSETS HOUSEHOLDS 7 STATE + LOCAL GOVERNMENTS 8 13.167 —202 239 11.086 754 166 12.793 952 176 14.569 1.258 92 17.094 1.170 25 16.962 1.586 15 17.121 1.174 9 12.100 1.380 44 14.412 1.589 -8 17.466 2.542 10 6 7 8 9 10 11 12 U.S. GOVERNMENT SPONS. CREDIT AGENCIES MORTGAGE POOLS COMMERCIAL BANKING 925 66 9 0 1.572 29 851 0 42 213 -31 4 796 49 -36 4 2.091 -373 -784 7 2.781 -101 -64 26 2.310 -123 524 113 3.181 637 1.876 306 2.402 716 1.127 493 2.472 902 1.638 424 3.490 9 10 11 12 13 14 15 16 SAVINGS INSTITUTIONS SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS CREDIT UNIONS 8.287 6.645 1.590 52 7.592 5.851 1.709 32 8.891 7.009 1.852 30 9.817 7.366 2.403 48 12.256 9.297 2.912 47 11.205 8.114 3.046 45 10.111 7.053 3.025 33 4.717 2.833 1.831 53 7.869 5.788 2.046 35 8.470 6.785 1.646 39 13 14 15 16 17 18 19 20 INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT, RTR. FUNDS 1.462 1.209 115 138 1.685 1.296 143 246 1.245 897 115 233 911 598 138 175 1.297 957 151 189 1.668 1.194 244 230 1.675 1.064 266 345 1.231 644 214 373 -174 -470 63 233 -588 -733 -19 164 17 18 19 20 21 22 FINANCE COMPANIES REITS 215 0 -33 0 547 0 383 0 715 0 317 0 457 0 -493 0 328 0 543 35 21 22 MILLIONS OF DOLLARS OCTOBER 1979 MORTGAGES - I MORTGAGES - I 57 MORTGAGE MARKETS BY TYPE OF MORTGAGE ANNUAL FLOWS, ANNUAL FLOWS, 1969-78 1970 1969 1971 1972 1973 1974 1975 1976 1977 1978 1969-78 TOTAL MORTGAGES 1 2 3 4 5 30.711 18.133 4.925 5.835 1.818 29.910 15.002 6.912 7.165 831 52.508 29.949 9.894 10.284 2.381 76.771 43.705 12.758 16.757 3.551 79.894 44.859 10.392 19.148 5.495 60.491 33.328 6.862 15.252 5.049 57.212 41.377 18 11.239 4.578 87.053 65.414 1.876 13.646 6.117 133.967 99.474 7.291 18.374 8.828 148.997 105.339 10.163 23.323 10.172 6 7 8 -81 6 230 -75 623 116 -72 1.951 134 -86 1.180 480 -71 -1.542 320 -106 -1.423 169 -90 1.884 379 -91 1.712 388 -113 3.071 12 -97 826 95 9 10 11 12 13 14 15 30.556 18.543 1.183 10.830 1.818 3.703 5.309 29.246 14.135 1.158 13.953 831 6.465 6.657 50.495 26.398 1.209 22.888 2.381 9.699 10.808 75.197 41.523 1.296 32.378 3.551 11.914 16.913 81.187 47.109 1.093 32.985 5.495 9.331 18.159 61.851 35.397 1.096 25.358 5.049 6.581 13.728 55.039 38.069 1.039 15.931 4.578 1.806 9.547 85.044 61.270 1.064 22.710 6.117 3.661 12.932 130.997 93.191 1.047 36.759 8.828 9.037 18.894 148.173 103.827 1.016 43.330 10.172 9.843 23.315 16 17 18 30.711 2.222 457 29.910 1.771 825 52.508 1.310 1.079 76.771 6.413 1.387 79.894 3.434 1.700 60.491 4.263 2.470 57.212 3.698 1.607 87.053 7.995 1.250 133.967 11.916 591 148.997 14.470 1.006 19 20 21 970 4.371 678 302 5.382 1.551 -380 3.626 4.771 -683 4.015 4.878 -599 7. 163 3.636 1.422 10.177 5.759 3.224 5.347 10.339 -3.062 2.924 15.663 -230 3.483 20.488 -371 12.218 18.344 22 23 24 25 26 27 22.013 5.441 12.167 9.462 2.681 24 20.079 2. 130 11.681 9.767 1.845 69 42.102 9.760 27.613 23.628 3.938 47 60.761 16.799 37.416 31.753 5.510 153 64.560 19.754 32.656 26.541 5.674 441 36.400 12.825 19.842 17.568 2.202 72 32.997 3.847 32.348 29.539 2.329 480 62.283 14.340 49.500 44.940 4.053 507 97.719 27.352 65.076 58.211 6.465 400 103.330 34.984 59.161 51.695 7.053 413 28 29 30 31 32 33 34 2.421 2.052 149 213 7 807 1. 177 2.693 2.348 -45 345 45 1.678 1.897 954 1.121 -513 368 -22 1.476 2.299 662 1.452 -930 182 -42 1.691 4.193 4.725 4.421 -352 671 -15 1.865 5.560 5.413 4.865 -4 561 -9 -1.869 189 2.849 2.934 11 -160 64 -1.251 -4.796 2.616 2.387 -13 190 52 -366 -3.807 6.143 5.210 365 457 111 1.499 -2.351 10.420 9.167 573 673 7 -186 -1.049 35 4.030 1.326 -2.679 43 7.168 6.657 -3.959 -1.983 NET CHANGE IN MORTGAGES HOME MORTGAGES MULTI-FAMILY RESID. COMMERCIAL FARM BORROWED BY: U.S. GOVERNMENT SAVINGS + LOAN ASSOCIATIONS REITS PRIVATE NONFINANCIAL SECTORS HOUSEHOLDS NONPROFIT INSTITUTIONS NONFINANCIAL BUSINESS FARMS NONFARM NONCORPORATE CORPORATE FUNDS ADVANCED BY: HOUSEHOLDS ST.+LOC. GOVT, GEN. FUNDS 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 mortgage pools 19 20 21 PRIVATE FINAN. INSTITUTIONS COMMERCIAL BANKING SAVINGS INSTITUTIONS S+L ASSOCIATIONS (1) MUTUAL SAVINGS BANKS .CREDIT UNIONS 22 23 24 25 26 27 U.S. GOVERNMENT SPONSORED CREDIT AG. (1) INSURANCE LIFE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT, RTR. FUND OTHER INSURANCE COS. FINANCE COMPANIES REITS 4.311 (1) MEMO: FHLB LOANS TO S+L 12.497 ASSOCIATIONS (INCLUDED IN "OTHER LOANS" CATEGORY). 28 29 30 31 32 33 34 35 HOME MORTGAGES 1 2 3 4 5 18.133 18.543 -208 -208 6 15.002 14.135 122 122 623 29.949 26.398 800 800 1.951 43.705 41.523 501 501 1.180 44.859 47.109 -354 -354 -1.542 33.328 35.397 -323 -323 -1.423 41.377 38.069 712 712 1.884 65.414 61.270 1.216 1.216 1.712 99.474 93.191 1.606 1.606 3.071 105.339 103.827 343 343 826 NET BORROWING HOUSEHOLDS NONFARM NONCORP. BUSINESS NONFIN. CORPORATE BUSINESS SAVINGS + LOAN ASSOCIATIONS 1 2 3 4 5 6 7 8 18. 133 1.967 58 15.002 -89 75 29.949 3.036 94 43.705 3.315 114 44.859 3.025 550 33.328 2.371 743 41.377 2.516 769 65.414 4.468 816 99.474 7.010 65 105.339 8.376 189 NET CHANGE IN ASSETS HOUSEHOLDS STATE + LOCAL GOVERNMENTS 6 7 8 9 10 11 12 206 3.768 436 2. 854 -127 4.619 1.215 865 -619 2.077 4.278 5.691 -624 1.849 4.262 8.984 -780 3.475 3.192 10.994 805 5.462 5.352 6.623 1.910 2.549 9.917 2.117 -2.826 474 14.495 8.764 -299 488 18.994 18.652 -995 9.001 15.831 21.851 U.S. GOVERNMENT SPONS. CREDIT AGENCIES MORTGAGE POOLS COMMERCIAL BANKING 9 10 11 12 13 14 15 16 9. 299 7.666 1.609 24 7.953 6.802 1.082 69 17.694 16.439 1.208 47 27.520 24.626 2.741 153 24.493 21.470 2.582 441 14.688 13.909 707 72 24.458 23.166 812 480 40.633 37.334 2.792 507 54.883 49.935 4.548 400 50.498 45.470 4.615 413 SAVINGS INSTITUTIONS SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS CREDIT UNIONS 13 14 15 16 17 18 19 20 -1.300 -1.381 55 26 -823 -887 -48 112 -2.322 -2.117 -293 88 -2.693 -2.330 -412 49 -1.952 -1.889 -230 167 -1.356 -1.400 -27 71 -1.946 -1.436 -140 -370 -1.598 -1.502 -73 -23 -1.117 -1.361 44 200 221 -278 133 366 INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT, RTR. FUNDS 17 18 19 20 21 22 667 178 922 392 -160 180 553 425 1.192 670 -1.188 -172 -451 -462 433 -245 1.027 -229 502 -135 FINANCE COMPANIES REITS 21 22 MILLIONS OF DOLLARS OCTOBER 1979 MORTGAGES - II 58 MORTGAGES - II MORTGAGE MARKETS - CONTINUED ANNUAL FLOWS, 1949-58 ANNUAL FLOWS, 1949 1950 1951 1952 1953 1954 1955 1949-58 1956 1957 1958 MULTI -FAMILY RESIDENTIAL MORTGAGES 1 NET BORROWING 2 NONFARM NONCORP. BUSINESS 3 NONFIN. CORPORATE BUSINESS 4 REITS 5 U.S. GOVERNMENT 1.167 584 583 0 0 1.472 737 735 0 0 1.341 671 670 0 0 839 423 416 0 0 640 323 317 0 0 544 275 269 0 0 825 416 409 0 0 574 290 284 0 0 547 228 223 0 96 1.954 762 756 0 436 1 2 3 4 5 6 NET CHANGE IN ASSETS 7 HOUSEHOLDS 8 STATE + LOCAL GOVERNMENTS 1.167 326 0 1.472 318 0 1.341 260 0 839 226 0 640 228 0 544 285 0 825 367 0 574 388 0 547 472 0 1.954 1.069 6 6 7 8 20 0 0 12 0 0 20 0 0 14 0 0 110 0 0 84 0 0 115 0 0 43 0 0 43 0 0 134 0 0 9 10 11 9 10 11 U.S. GOVERNMENT SPONS. CREDIT AGENCIES MORTGAGE POOLS 12 COMMERCIAL BANKS 50 230 45 -57 -38 -48 -39 -54 3 201 12 13 14 15 SAVINGS INSTITUTIONS SAVINGS ♦ LOAN ASSNS. MUTUAL SAVINGS BANKS 298 16 282 555 18 537 598 76 522 348 16 332 238 93 145 131 64 67 142 136 6 97 143 -46 52 132 -80 398 343 55 13 14 15 16 17 18 LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT, RTR. FUNDS 450 6 6 319 6 8 416 6 10 257 8 12 75 12 16 41 12 19 148 21 20 63 34 23 -64 34 45 -4 44 62 16 17 18 19 20 FINANCE COMPANIES REITS 11 0 24 0 -14 0 31 0 -1 0 20 0 51 0 -20 0 -38 0 44 0 19 20 COMMERCIAL MORTGAGES 1 NET BORROWING 2 HOUSEHOLDS 3 NONFARM NONCORP. BUSINESS 4 NONFIN. CORPORATE BUSINESS 5 REITS 6 NET CHANGE IN ASSETS 7 HOUSEHOLDS 8 STATE ♦ LOCAL GOVERNMENTS 9 U.S. GOVERNMENT 10 COMMERCIAL BANKING 680 385 30 265 0 621 463 16 142 0 999 512 49 438 0 904 463 45 396 0 1 .165 489 67 609 0 1.745 592 115 1.038 0 2.048 590 146 1.312 0 2.421 675 175 1.571 0 2.438 742 169 1.527 0 2.948 783 217 1.948 0 1 2 3 4 5 680 124 0 -2 103 621 0 0 4 204 999 110 0 0 194 904 180 0 0 163 1 .165 291 0 11 222 1.745 554 0 -11 420 2.048 573 0 21 556 2.421 673 0 7 560 2.438 760 0 19 444 2.948 863 0 -2 638 6 7 8 9 10 11 12 13 SAVINGS INSTITUTIONS SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS 103 19 84 89 24 65 213 103 110 185 15 170 231 119 112 261 77 184 2 59 168 91 327 174 153 272 154 118 556 383 173 11 12 13 14 15 16 17 LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT, RTR. FUNDS OTHER INSURANCE COMPANIES 325 6 2 17 303 4 2 11 464 4 3 14 355 7 3 5 377 11 5 16 493 12 6 4 588 21 7 9 804 34 9 9 897 37 17 0 814 42 24 -1 14 15 16 17 18 19 FINANCE COMPANIES REITS 2 0 4 0 -3 0 6 0 1 0 6 0 14 0 -2 0 -8 0 14 0 18 19 FARM MORTGAGES 1 NET BORROWING 291 492 580 585 501 509 776 813 562 712 1 2 NET CHANGE IN ASSETS 3 HOUSEHOLDS 4 STATE + LOCAL GOVERNMENTS 291 76 6 492 151 6 580 264 7 585 189 26 501 155 23 509 95 25 776 231 21 813 261 9 562 167 7 712 277 12 2 3 4 5 6 7 U.S. GOVERNMENT SPONSORED CREDIT AGENCIES MORTGAGE POOLS -13 33 3 7 47 25 -1 58 11 39 81 10 22 89 7 26 101 18 -98 216 38 16 244 33 53 176 24 48 170 17 5 6 7 8 9 10 11 COMMERCIAL BANKS MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES ST.+LOC. GOVT, RTR. FUNDS 35 3 148 0 59 7 189 1 36 3 200 2 54 6 178 2 24 0 181 0 77 3 162 2 138 2 225 3 39 1 208 2 31 -2 103 3 104 -4 83 5 8 9 10 11 MILLIONS OF DOLLARS OCTOBER 1979 MORTGAGES - II MORTGAGES - II 59 MORTGAGE MARKETS - CONTINUED 1959-68 ANNUAL FLOWS, ANNUAL FLOWS, 1960 1959 1961 1963 1962 1964 1965 1966 1967 1968 1959 -68 MULTI-FAMILY RESIDENTIAL MORTGAGES 1 2 3 4 5 2. 135 913 907 0 315 2.086 910 771 0 405 2.836 1.540 1.074 0 222 3.110 1.800 1.050 0 260 3.292 2.240 990 0 62 4.554 3.270 1.254 0 30 3.635 2.751 86 5 0 19 3.062 2.399 725 0 -62 3.540 2.800 803 0 -63 3.436 2.404 1.033 65 -66 NET BORROWING NONFARM NONCORP. BUSINESS NONFIN. CORPORATE BUSINESS REITS U.S. GOVERNMENT 1 2 3 4 5 6 7 8 2. 135 1.001 6 2.086 8 82 14 2.836 898 65 3.110 307 118 3.292 -36 185 4.554 -35 211 3.635 -501 180 3.062 -70 124 3.540 -43 132 3.436 -86 161 NET CHANGE IN ASSETS HOUSEHOLDS STATE + LOCAL GOVERNMENTS 6 7 8 9 10 11 301 0 0 120 2 0 83 0 0 31 10 0 -83 0 1 -13 -1 1 -2 -1 2 302 0 0 215 -1 5 343 7 9 U.S. GOVERNMENT SPONS. CREDIT AGENCIES MORTGAGE POOLS 9 10 11 12 157 0 67 166 213 147 273 87 294 301 COMMERCIAL BANKS 12 13 14 15 381 420 -39 642 531 111 1.052 869 183 1.727 1.290 437 2.107 1.482 625 1.963 1.240 723 1.642 1.058 584 788 473 315 1.233 880 353 1.402 1.106 296 SAVINGS INSTITUTIONS SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS 13 14 15 16 17 18 119 66 80 199 85 145 385 74 145 498 89 113 595 98 122 1.893 167 159 1.575 175 225 1.478 154 256 1.428 55 168 1.037 -4 118 LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT, RTR. FUNDS 16 17 18 19 20 24 0 -3 0 67 0 51 0 90 0 62 0 67 0 -57 0 54 0 73 75 FINANCE COMPANIES REITS 19 20 COMMERCIAL MORTGAGES 1 2 3 4 5 3.072 778 230 2.064 0 3.176 830 234 2.112 0 3.983 869 312 2.802 0 4.778 987 379 3.412 0 5.085 969 412 3.704 0 3.825 1.001 282 2.542 0 4.415 1.138 329 2.948 0 5.681 1.166 452 4.063 0 4.684 1.064 362 3.258 0 6.700 1.075 550 4.940 135 NET BORROWING HOUSEHOLDS NONFARM NONCORP. BUSINESS NONFIN. CORPORATE BUSINESS REITS 6 7 8 9 10 3.072 941 0 -7 776 3.176 882 0 -2 559 3.983 1.119 0 11 674 4.778 149 0 6 1.502 5.085 -186 0 13 1.639 3.825 -809 0 26 1.794 4.415 -888 0 26 1.972 5.681 363 0 13 1.989 4.684 -11 0 56 1.565 6.700 -559 0 87 2.574 NET CHANGE IN ASSETS HOUSEHOLDS STATE + LOCAL GOVERNMENTS U.S. GOVERNMENT COMMERCIAL BANKING 6 7 8 9 10 11 12 13 625 449 176 671 547 124 1.064 886 178 1.615 1.280 335 1.761 1.395 366 1.597 1.035 562 1.315 862 453 1.002 430 572 1.301 610 691 1.857 1.011 846 SAVINGS INSTITUTIONS SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS 11 12 13 14 15 16 17 647 66 30 -14 924 84 55 3 962 70 56 6 1.373 89 48 -21 1.698 95 50 -13 1.009 147 51 -1 1.703 166 81 22 2.057 158 112 1 1.620 54 66 19 1.921 7 60 8 LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT, RTR. FUNDS OTHER INSURANCE COMPANIES 14 15 16 17 18 19 8 0 0 0 21 0 17 0 28 0 11 0 18 0 -14 0 14 0 25 720 FINANCE COMPANIES REITS 18 19 1 2 3 4 5 FARM MORTGAGES 1 992 737 1.079 1.276 1.629 2.120 2.245 1.865 1.965 2.160 NET BORROWING 1 2 3 4 992 357 10 737 249 12 1.079 267 26 1.276 390 41 1.629 536 -13 2.120 755 1 2.245 654 0 1.865 367 7 1.965 520 -9 2.160 944 21 NET CHANGE IN ASSETS HOUSEHOLDS STATE + LOCAL GOVERNMENTS 2 3 4 5 6 7 51 273 14 48 204 -2 142 264 84 -13 224 119 38 2 57 104 41 409 72 82 563 130 26 677 139 6 651 176 105 517 105 U.S. GOVERNMENT SPONSORED CREDIT AGENCIES MORTGAGE POOLS 5 6 7 8 9 10 11 117 2 160 8 60 -1 155 12 99 -3 188 12 275 0 230 10 305 1 392 9 311 1 512 18 273 -1 519 25 2 02 1 417 29 208 64 329 20 217 0 234 17 COMMERCIAL BANKS MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES ST.+LOC. GOVT, RTR. FUNDS 8 9 10 11 MILLIONS OF DOLLARS OCTOBER 1979 MORTGAGES - II 60 MORTGAGES - II MORTGAGE MARKETS - CONTINUED ANNUAL FLOWS, 1969-78 ANNUAL FLOWS, 1969 1970 1971 1972 1973 1974 1975 1969-78 1976 1977 1978 MULTI-FAMILY RESIDENTIAL MORTGAGES 1 NET BORROWING NONFARM NONCORP. BUSINESS 2 3 NONFIN. CORPORATE BUSINESS 4 REITS U.S. GOVERNMENT 5 4.925 3.461 1.469 76 -81 6.912 5.750 1.198 39 -75 9.894 8.000 1.921 45 -72 12.758 9.900 2.786 158 -86 10.392 7.901 2.457 105 -71 6.862 5.500 1.412 56 -106 18 100 -117 125 -90 1.876 1.212 627 128 -91 7.291 5.700 1.699 5 -113 10.163 7.276 2.952 32 -97 1 2 3 4 5 6 NET CHANGE IN ASSETS 7 HOUSEHOLDS STATE + LOCAL GOVERNMENTS 8 4.925 -409 386 6.912 40 572 9.894 -1.084 716 12.758 578 978 10.392 -1.038 917 6.862 -90 1.352 18 -335 748 1.876 225 310 7.291 425 418 10.163 620 577 6 7 8 681 15 17 506 290 25 399 819 54 282 989 278 298 1.834 224 705 2.206 169 1.134 241 478 58 -60 647 9 53 1.179 758 -14 1.877 9 10 11 9 10 11 U.S. GOVERNMENT SPONS. CREDIT AGENCIES MORTGAGE POOLS 12 COMMERCIAL BANKS 533 94 673 1.794 1.154 586 -1.701 132 1.120 1.697 12 13 14 15 SAVINGS INSTITUTIONS SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS 1.527 1.202 325 2.239 2.031 208 5.528 3.742 1.786 4.747 3.432 1.315 3.261 1.828 1.433 1.728 1.029 699 2.608 1.739 869 3.270 2.915 355 5.220 4.093 1.127 4.769 3.544 1.225 13 14 15 16 17 18 LIFE INSURANCE COMPANIES private pension FUNDS ST.+LOC. GOVT, RTR. FUNDS 1.481 54 111 1.764 -1 82 748 -313 286 600 -345 -51 1.104 -97 -72 1.174 30 87 4 49 152 -451 -11 -31 -371 108 -152 219 161 109 16 17 18 19 20 FINANCE COMPANIES REITS 111 418 525 776 1.159 909 867 2.041 426 2.381 -1.250 165 -777 -2.583 -493 -1.720 50 -768 -335 -275 19 20 COMMERCIAL MORTGAGES 1 NET BORROWING 2 HOUSEHOLDS NONFARM NONCORP. BUSINESS 3 4 NONFIN. CORPORATE BUSINESS 5 REITS 6 NET CHANGE IN ASSETS 7 HOUSEHOLDS 8 STATE + LOCAL GOVERNMENTS 9 U.S. GOVERNMENT 10 COMMERCIAL BANKING 5.835 1.183 450 4.048 154 7.165 1.158 593 5.337 77 10.284 1.209 899 8.087 89 16.757 1.296 1.513 13.626 322 19.148 1.093 1.784 16.056 215 15.252 1.096 1.404 12.639 113 11.239 1.039 994 8.952 254 13.646 1.064 1.233 11.089 260 18.374 1.047 1.731 15.589 7 23.323 1.016 2.224 20.020 63 1 2 3 4 5 5.835 5 0 82 1.761 7.165 1.521 95 74 1.171 10.284 -1.832 226 100 3.022 16.757 1.109 251 -219 5.445 19.148 -866 193 -102 6.945 15.252 572 341 -62 4.995 11.239 126 44 34 3.118 13.646 1.145 3 -118 5.131 18.374 1.563 69 77 6.359 23.323 1.918 190 -48 10.158 6 7 8 9 10 11 12 13 SAVINGS INSTITUTIONS SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS 1.344 594 750 1.485 934 551 4.459 3.447 1.012 5.137 3.695 1.442 4.900 3.243 1.657 3.428 2.630 798 5.285 4.634 651 5.596 4.691 905 4.980 4.183 797 3.890 2.681 1.209 11 12 13 14 15 16 17 LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT, RTR. FUNDS OTHER INSURANCE COMPANIES 1.982 40 4 7 1.595 4 215 45 2.538 93 13 -22 3.105 -173 146 -42 4.888 -25 474 -15 4.760 -7 469 -9 3.940 102 300 64 3.668 71 246 52 5.524 213 410 111 7.698 279 223 7 14 15 16 17 18 19 FINANCE COMPANIES REITS 29 581 231 729 477 1.210 271 1.727 247 2.509 569 196 -23 -1.751 -306 -1.842 422 -1.354 -353 -639 18 19 FARM MORTGAGES 1 NET BORROWING 1.818 831 2.381 3.551 5.495 5.049 4.578 6.117 8.828 10.172 1 2 NET CHANGE IN ASSETS 3 HOUSEHOLDS 4 STATE ♦ LOCAL GOVERNMENTS 1.818 659 13 831 299 83 2.381 1.190 43 3.551 1.411 44 5.495 2.313 40 5.049 1.410 34 4.578 1.391 46 6.117 2.157 121 8.828 2.918 39 10.172 3.556 50 2 3 4 5 6 7 U.S. GOVERNMENT SPONSORED CREDIT AGENCIES MORTGAGE POOLS 1 588 225 -151 473 311 -260 730 439 -122 1.177 338 -15 1.854 220 -26 2.509 238 146 2.557 -56 -176 2.510 521 -17 2.942 315 -86 3.231 636 5 6 7 8 9 10 11 COMMERCIAL BANKS MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES ST.+LOC. GOVT, RTR. FUNDS 293 -3 -30 72 0 4 -124 -64 374 -68 -48 -19 576 12 77 38 661 2 318 102 621 -2 331 -66 313 -3 426 -242 313 1 672 -2 1.221 -7 1.418 -1 1.278 4 1.528 -25 8 9 10 11 MILLIONS OF DOLLARS OCTOBER 1979 CONSUMER CREDIT AND BANK LOANS N.E.C. CONSUMER CREDIT AND BANK LOANS N.E.C. CONSUMER CREDIT AND BANK LOANS NOT ELSEWHERE CLASSIFIED ANNUAL FLOWS, 61 ANNUAL FLOWS, 1949-58 1950 1949 1951 1952 1953 1954 1955 1956 1957 1958 1949-58 CONSUMER CREDIT 1 2 3 3.184 2.718 466 4.789 3.271 1.518 1.627 717 910 5.283 4.250 1.033 4.185 3.784 401 1.456 637 819 7.156 5.378 1.778 3.920 2.902 1.018 2.923 2.272 651 511 -104 615 NET CHANGE IN LIABILITIES (HH) INSTALMENT CREDIT NONINSTALMENT CREDIT 4 5 6 7 8 9 10 11 12 3.184 2.718 201 256 1.030 26 2 104 1.099 4.789 3.271 217 348 1.513 21 10 152 1.010 1.627 717 33 239 97 15 2 45 286 5.283 4.250 254 398 1.886 51 3 202 1.456 4.185 3.784 95 125 1.647 53 10 287 1.567 1.456 637 -53 129 -132 30 6 218 439 7.156 5.378 26 364 1.838 33 6 336 2.775 3.920 2.902 110 125 1.255 51 19 336 1.006 2.923 2.272 13 -88 1.183 70 4 415 675 511 -104 34 281 41 85 19 239 -803 NET CHANGE IN ASSETS 4 INSTALMENT CREDIT 5 NONFARM NONCORP. BUSINESS 6 NONFIN. CORPORATE BUSINESS 7 COMMERCIAL BANKING 8 9 SAVINGS ♦ LOAN ASSNS. MUTUAL SAVINGS BANKS 10 CREDIT UNIONS 11 FINANCE COMPANIES 12 13 14 15 16 17 18 466 123 172 146 20 5 1.518 308 638 484 70 18 910 259 426 216 7 2 1.033 202 507 320 -6 10 401 102 157 110 18 14 819 134 243 394 48 0 1.778 208 362 1.078 110 20 1.018 265 254 416 66 17 651 241 184 188 32 6 615 142 -68 438 86 17 NONINSTALMENT CREDIT NONFARM NONCORP. BUSINESS NONFIN. CORPORATE BUSINESS COMMERCIAL BANKING SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS 1 2 3 13 14 15 16 17 18 BANK LOANS NOT ELSEWHERE CLASSIFIED 1 484 9.978 5.763 6.127 1.820 2.989 13.244 8.181 4.157 4.032 2 3 4 5 6 739 1. 176 329 4 -1.764 1.997 1.997 222 177 5.585 1.041 313 -300 321 4.388 1.130 2.206 602 238 1.951 979 1.757 400 -104 -1.212 1.722 262 891 -23 137 2.392 2.916 583 -249 7.602 1.697 1.671 -756 45 5.524 598 1.371 -60 295 1.953 2.143 479 440 534 436 7 8 9 0 93 -1.671 0 66 5.651 0 126 4.514 0 86 2.037 0 -48 -1.260 0 30 167 0 -132 7.470 0 42 5.566 0 -119 1.834 0 56 492 10 11 -119 -1.790 -69 5.582 2 4.516 29 2.066 -17 -1.277 117 284 -132 7.338 24 5.590 -21 1.813 13 505 12 13 14 15 16 17 -1.790 -2.158 48 103 -223 -1.800 5.582 4.620 226 475 429 3.772 4.516 4.753 27 596 238 3.739 2.066 1.388 76 173 220 881 -1.277 -1.181 36 -581 65 -573 284 78 14 150 43 -598 7.338 4.977 -193 572 564 3.817 5.590 6.090 89 -59 594 5.090 1.813 1.810 -185 384 69 1.225 505 1.212 436 413 159 -337 18 19 20 21 -286 -12 -259 -15 -282 80 -26 -336 153 166 53 -66 38 -47 -76 161 -128 -56 -13 -59 469 199 183 87 217 5 9 203 376 73 121 182 317 178 -10 149 541 214 87 240 22 23 24 25 368 -15 383 0 962 16 946 0 -237 4 -241 0 678 -6 684 0 -96 -7 -89 0 206 13 193 0 2.361 52 2.309 0 -500 -25 -475 0 3 -6 9 0 -707 31 -738 0 MILLIONS OF DOLLARS TOTAL LOANS AT COMMERCIAL BANKS, F/F BASIS 1 - LOANS ELSEWHERE CLASSIFIED: 2 MORTGAGES CONSUMER CREDIT 3 SECURITY CREDIT 4 OPEN-MARKET PAPER 5 = BANK LOANS NEC AT COML. BKS. 6 + BANK LOANS NEC AT OTHER BANKING SUBSECTORS: 7 DOMESTIC AFFILIATES 8 FOREIGN BANKING OFFICES = BANKING SECTOR TOTAL BANK 9 LOANS NEC + LOANS BY F.R. BANKS 10 = TOTAL BANK LOANS NEC 11 NET CHANGE IN LIABILITIES NONFINANCIAL SECTORS HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUSINESS CORPORATE BUSINESS REST OF THE WORLD FGN. OFFICIAL FGN. BANKS OTHER FGN. FINANCIAL SECTORS SAVINGS + LOAN ASSNS. FINANCE COMPANIES REITS 12 13 14 15 16 17 18 19 20 21 22 23 24 25 OCTOBER 1979 CONSUMER CREDIT AND BANK LOANS N.E.C. CONSUMER CREDIT AND BANK LOANS N.E.C. CONSUMER CREDIT AND BANK LOANS NOT ELSEWHERE CLASSIFIED 62 ANNUAL FLOWS, ANNUAL FLOWS, 1959-68 1959 1960 1961 1962 1963 1964 1959-68 1965 1966 1967 1968 CONSUMER CREDIT 1 NET CHANGE IN LIABILITIES (HH) INSTALMENT CREDIT 2 3 NONINSTALMENT CREDIT 8.039 5.784 2.255 4.363 3.928 435 2.531 976 1.555 6.282 4.967 1.315 8.888 6.835 2.053 9.786 7.743 2.043 10.616 8.309 2.307 6.542 5.458 1.084 5.681 3.809 1.872 11.519 8.533 2.986 1 2 3 4 NET CHANGE IN ASSETS INSTALMENT CREDIT 5 6 NONFARM NONCORP. BUSINESS 7 NONFIN. CORPORATE BUSINESS 8 COMMERCIAL BANKING 9 SAVINGS + LOAN ASSNS. 10 MUTUAL SAVINGS BANKS CREDIT UNIONS 11 12 FINANCE COMPANIES 8.039 5.784 137 557 2.617 68 12 612 1.781 4.363 3.928 -92 30 1.639 76 14 643 1.618 2.531 976 -61 40 388 -6 16 380 219 6.282 4.967 125 533 2.140 -30 22 572 1.605 8.888 6.835 161 646 3.084 13 54 651 2.226 9.786 7.743 185 771 3.598 55 65 814 2.255 10.616 8.309 210 742 3.967 40 111 984 2.255 6.542 5.458 -33 244 2.458 15 85 931 1.758 5.681 3.809 -154 132 2.445 77 90 748 471 11.519 8.533 -92 -169 4.981 110 113 1.297 2.293 4 5 6 7 8 9 10 11 12 NONINSTALMENT CREDIT NONFARM NONCORP. BUSINESS NONFIN. CORPORATE BUSINESS COMMERCIAL BANKING SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS 2.255 429 813 852 132 29 435 119 -447 604 130 29 1.555 249 38 1.058 172 38 1.315 346 327 554 72 16 2.053 348 400 1.030 226 49 2.043 270 240 1.490 32 11 2.307 416 317 1.480 72 22 1.084 435 82 512 38 17 1.872 442 284 1.064 62 20 2.986 642 476 1.792 94 -18 13 14 15 16 17 18 13 14 15 16 17 18 BANK LOANS NOT ELSEWHERE CLASSIFIED TOTAL LOANS AT COMMERCIAL BANKS, F/F BASIS 1 2 3 4 5 6 = + 7 8 9 = 10 + 11 = LOANS ELSEWHERE CLASSIFIED: MORTGAGES CONSUMER CREDIT SECURITY CREDIT OPEN-MARKET PAPER BANK LOANS NEC AT COML. BKS. BANK LOANS NEC AT OTHER BANKING SUBSECTORS: DOMESTIC AFFILIATES FOREIGN BANKING OFFICES BANKING SECTOR TOTAL BANK LOANS NEC LOANS BY F.R. BANKS TOTAL BANK LOANS NEC 12 NET CHANGE IN LIABILITIES 13 NONFINANCIAL SECTORS 14 HOUSEHOLDS 15 FARM BUSINESS 16 NONFARM NONCORP. BUSINESS 17 CORPORATE BUSINESS 18 19 20 21 22 23 24 25 REST OF THE WORLD FGN. OFFICIAL FGN. BANKS OTHER FGN. FINANCIAL SECTORS SAVINGS + LOAN ASSNS. FINANCE COMPANIES REITS MILLIONS OF DOLLARS 13.019 6.259 7.303 13.574 16.860 18.798 26.431 18.263 17.800 27.601 1 2.628 3.469 207 540 6.175 653 2.243 249 -388 3.502 1.609 1.446 1.073 440 2.735 3.966 2.694 960 -59 6.013 4.896 4.114 750 109 6.991 4.492 5.088 484 585 8.149 5.626 5.447 105 -454 15.707 4.621 2.970 535 1.007 9.130 4.478 3.509 1.460 2.026 6.327 6.559 6.773 1.320 -439 13.388 2 3 4 5 6 0 74 6.249 0 108 3.610 0 346 3.081 0 -21 5.992 0 75 7.066 0 55 8.204 0 104 15.811 0 378 9.508 0 138 6.465 0 381 13.769 7 8 9 -13 6.236 3 3.613 7 3.088 -14 5.978 31 7.097 -2 8.202 11 15.822 -41 9.467 0 6.465 0 13.769 10 11 6.236 5.181 349 694 365 3.559 3.613 2.938 22 196 303 2.268 3.088 2.562 280 243 305 1.014 5.978 4.856 -116 782 388 3.389 7.097 5.444 116 601 634 3.490 8.202 7.666 600 271 45 8 4.858 15.822 13.484 502 708 938 10.748 9.467 10.558 21 933 1.366 8.288 6.465 8.449 746 700 598 6.774 13.769 12.295 1.417 418 1.113 9.746 12 13 14 15 16 17 214 -4 66 152 149 -27 43 133 720 127 238 355 413 45 233 135 603 -122 166 559 1.479 12 499 968 5 88 125 149 314 -50 -104 131 -77 -369 15 -415 31 -399 -201 60 -258 18 19 20 21 1.055 106 949 0 675 -35 710 0 526 -22 548 0 1.122 -42 1.164 0 1.653 90 1.563 0 536 41 495 0 2.338 174 2.164 0 -1.091 73 -1.164 0 -1.984 -140 -1.844 0 1.474 67 841 566 22 23 24 25 OCTOBER 1979 CONSUMER CREDIT AND BANK LOANS N.E.C CONSUMER CREDIT AND BANK LOANS N.E.C 63 CONSUMER CREDIT AND BANK LOANS NOT ELSEWHERE CLASSIFIED ANNUAL FLOWS, ANNUAL FLOWS, 1969-78 1970 1969 1971 1972 1973 1974 1975 1976 1977 1978 1969-78 CONSUMER CREDIT 1 2 3 10.793 9.480 1.313 5.371 4.367 1.004 14.682 11.077 3.605 19.844 14.918 4.926 26.022 21.935 4.087 9.930 9.486 444 9.674 7.759 1.915 25.576 21.639 3.937 40.557 34.337 6.220 50.579 44.811 5.768 NET CHANGE IN LIABILITIES (HH) INSTALMENT CREDIT NONINSTALMENT CREDIT 4 5 6 7 8 9 10 11 12 10.793 9.480 -121 207 4. 573 200 109 1.728 2.784 5.371 4.367 64 321 2.425 378 88 958 133 14.682 11.077 -175 -28 6.306 774 86 1.784 2.330 19.844 14.918 -209 -961 9.534 758 135 2.194 3.467 26.022 21.935 114 2.194 11.370 663 234 2.669 4.691 9.930 9.486 -10 226 4.130 682 160 2.262 2.036 9.674 7.759 -132 -301 2.882 829 180 3.771 530 25.576 21.639 -90 459 10.792 1.084 153 5.503 3.738 40.557 34.337 338 -583 18.645 1.108 336 6.436 8.057 50.579 44.811 111 836 23.816 1.040 517 8.334 10.157 4 NET CHANGE IN ASSETS INSTALMENT CREDIT 5 NONFARM NONCORP. BUSINESS 6 7 NONFIN. CORPORATE BUSINESS COMMERCIAL BANKING 8 9 SAVINGS + LOAN ASSNS. 10 MUTUAL SAVINGS BANKS CREDIT UNIONS 11 FINANCE COMPANIES 12 13 14 15 16 17 18 1.313 525 266 358 116 48 1.004 632 451 -195 94 22 3.605 514 480 2.394 182 35 4.926 754 795 3.142 226 9 4.087 1.248 1.025 1.249 527 38 444 726 296 -761 157 26 1.915 901 429 184 355 46 3.937 1.217 1.254 1.196 90 180 6.220 1.260 1.028 3.614 175 143 5.768 1.347 936 3.126 170 189 NONINSTALMENT CREDIT NONFARM NONCORP. BUSINESS NONFIN. CORPORATE BUSINESS COMMERCIAL BANKING SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS 1 2 3 13 14 15 16 17 18 BANK LOANS NOT ELSEWHERE CLASSIFIED TOTAL LOANS AT COMMERCIAL BANKS, F/F BASIS 1 21.822 12.678 29.909 59.288 70.984 49.262 -2.916 39.586 75.925 98.052 2 3 4 5 6 5.273 4.931 -1.109 1.096 11.631 2.032 2.230 1.441 1.112 5.863 9.628 8.700 775 215 10.591 16.790 12.676 4.670 -318 25.470 19.642 12.619 -2.850 -1.5JJ6 43.079 12.349 3.369 -2.114 1.567 34.091 3.671 3.066 2.154 1.108 -12.915 14.301 11.988 6.188 3.233 3.876 27.272 22.259 1.777 186 24.431 35.172 26.942 -2.981 -2.256 41.175 7 8 9 3.946 1.229 16.806 -992 2.463 7.334 -114 509 10.986 —242 847 26.075 1.702 4.011 48.792 916 6.252 41.259 -526 1.229 -12.212 -302 3.451 7.025 577 4.744 29.752 -953 18.129 58.351 10 11 0 16.806 0 7.334 0 10.986 0 26.075 0 48.792 0 41.259 0 -12.212 0 7.025 0 29.752 0 58.351 - LOANS ELSEWHERE CLASSIFIED: 2 MORTGAGES 3 CONSUMER CREDIT 4 SECURITY CREDIT 5 OPEN-MARKET PAPER 6 = BANK LOANS NEC AT COML. BKS. ♦ BANK LOANS NEC AT OTHER BANKING SUBSECTORS: 7 DOMESTIC AFFILIATES 8 FOREIGN BANKING OFFICES 9 = BANKING SECTOR TOTAL BANK LOANS NEC 10 + LOANS BY F.R. BANKS = TOTAL BANK LOANS NEC 11 12 13 14 15 16 17 16.806 15.493 996 610 2. 177 11.974 7.334 7.435 1.908 827 -534 5.439 10.986 9.089 1.217 1.345 722 3.805 26.075 20.105 1.096 1.814 1.164 13.038 48.792 39.782 3.402 2.859 1.141 29.665 41.259 36.641 1.636 1.071 -972 30.250 —12.212 -8.489 -1.243 1.963 -2.020 -11.048 7.025 10.732 761 3.031 -3.606 3.770 29.752 30.031 2.802 2.499 419 21.257 5fr.351 55.536 3.393 2.482 -244 31.638 NET CHANGE IN LIABILITIES NONFINANCIAL SECTORS HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUSINESS CORPORATE BUSINESS 18 19 20 21 -264 -9 191 -446 -205 -142 -64 1 2.000 183 874 943 2.993 196 1.051 1.746 2.715 438 1.600 677 4.656 265 3.116 1.275 3.859 259 1.091 2.509 6.776 891 4.199 1.686 3.054 82 2.650 322 18.267 2.132 9.523 6.612 22 23 24 25 1.313 68 856 389 -101 -104 -75 78 1.897 662 633 602 5.970 437 4.198 1.335 9.010 399 4.626 3.985 4.618 -449 660 4.407 -3.723 -287 -2.827 -609 -3.707 231 —2.072 -1.866 -279 1.386 718 -2.383 2.815 323 3.916 -1.424 MILLIONS OF DOLLARS REST OF THE WORLD FGN. OFFICIAL FGN. BANKS OTHER FGN. FINANCIAL SECTORS SAVINGS + LOAN ASSNS. FINANCE COMPANIES REITS 1 12 13 14 15 16 17 18 19 20 21 22 23 24 25 OCTOBER 1979 OTHER LOANS 64 OTHER LOANS OPEN-MARKET PAPER AND OTHER LOANS ANNUAL FLOWS, 1949-58 ANNUAL FLOWS, 1949 1950 1951 1952 1953 1949-58 1954 1955 1956 1957 1958 OPEN-MARKET PAPER 1 TOTAL NET ISSUES, ALL TYPES 2 COMMERCIAL PAPER 3 NONFINANCIAL CORPORATIONS 4 FINANCIAL BUSINESS 5 COMMERCIAL BANKING 6 FINANCE COMPANIES 7 REITS 8 9 10 11 12 BANKERS ACCEPTANCES NONFINANCIAL BUSINESS NONCORPORATE CORPORATE REST OF THE WORLD 13 NET PURCHASES, BY SECTOR 14 HOUSEHOLDS 15 NONFIN. CORPORATE BUSINESS 16 REST OF THE WORLD 17 18 19 20 21 SPONSORED CREDIT AGENCIES MONETARY AUTHORITY COMMERCIAL BANKING SAVINGS + LOAN ASSOCIATIONS MUTUAL SAVINGS BANKS 22 23 24 LIFE INSURANCE COMPANIES investment COMPANIES MONEY MARKET FUNDS 177 164 -4 168 0 168 0 205 83 45 38 0 38 0 508 412 62 350 0 350 0 418 416 62 354 0 354 0 377 296 71 225 0 225 0 277 -23 129 -152 0 -152 0 -152 79 -169 248 0 248 0 474 149 16 133 0 133 0 836 496 44 452 0 452 0 -12 101 236 -135 0 -135 0 1 2 3 4 5 6 7 13 27 14 13 -14 122 65 33 32 57 96 38 19 19 58 2 22 11 11 -20 81 41 21 20 40 300 226 114 112 74 -231 -270 -136 -134 39 325 158 79 79 167 340 129 64 65 211 -113 -37 -19 -18 -76 8 9 10 11 12 177 47 85 31 205 82 — 122 58 508 131 -53 91 418 46 105 16 377 387 9 92 277 25 87 183 -152 244 -74 -145 474 48 88 232 836 114 130 283 -12 -137 -225 -111 13 14 15 16 0 0 18 0 -4 0 0 187 0 0 0 0 339 0 0 0 0 251 0 0 0 0 -111 0 0 0 0 -18 0 0 0 28 -269 0 0 0 41 51 0 0 0 -3 277 0 0 0 -17 543 0 0 17 18 19 20 21 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 64 0 0 14 0 0 35 0 17 -82 0 22 23 24 OTHER LOANS 1 FINANCE CO. LOANS TO BUSINESS 2 LIAB.-NONCORPORATE BUSINESS 3 NONFIN. CORP. BUSINESS -243 -109 -134 216 142 74 234 20 214 431 -51 482 125 -1 126 6 -255 261 504 254 2 50 84 -48 132 964 499 465 49 -30 79 1 2 3 4 U.S. GOVERNMENT LOANS 5 LIAB.-HOUSEHOLDS 6 FARM BUSINESS 7 NONFARM NONCORP. BUS. 8 NONFIN. CORP. BUSINESS 9 ST.+LOC. GOVERNMENTS 10 REST OF THE WORLD 11 SPONS. CREDIT AGENCIES 803 0 -15 297 127 -85 479 0 401 0 16 221 -22 67 119 0 662 0 -45 275 18 261 153 0 988 0 14 213 21 322 418 0 162 8 232 60 -3 -364 229 0 -406 10 63 204 -147 -335 -201 0 473 37 66 347 -22 12 -33 66 642 33 50 167 -2 68 31 295 301 78 -74 33 59 151 334 -280 1.052 107 15 128 11 180 632 -21 4 5 6 7 8 9 10 11 12 SPONSORED CREDIT AGENCY LOANS LIABILITY OF— 13 FARM BUSINESS (FICB) 14 NONFARM NONCORP. BUS. (BC) 15 S+L ASSOCIATIONS (FHLB) -6 2 490 304 -25 -122 -45 587 -49 219 313 12 13 7 -82 75 32 383 156 47 101 18 4 -47 -252 42 88 50 -10 -85 28 9 550 54 86 -189 185 -3 37 224 56 33 13 14 15 16 POLICY LOANS (HH LIABILITY) 17 ASSET-U.S. GOVERNMENT 18 LIFE INSURANCE COS. 199 16 183 190 17 173 194 17 177 137 14 123 220 19 201 235 22 213 193 30 163 254 25 229 385 35 350 359 40 319 16 17 18 MILLIONS OF DOLLARS OCTOBER 1979 OTHER LOANS OTHER LOANS 65 OPEN-MARKET PAPER AND OTHER LOANS ANNUAL FLOWS, ANNUAL FLOWS, 1959-68 1960 1959 1961 1962 1963 1964 1965 1966 1967 1968 1959-68 OPEN-MARKET PAPER 1 2 3 4 5 6 7 312 355 -343 698 0 698 0 2.171 1.2 95 454 841 0 841 0 845 189 325 -136 0 -136 0 1.281 1.314 104 1.210 0 1.210 0 1.030 790 -230 1.020 0 1.020 0 2.147 1.652 157 1.495 0 1.495 0 86 5 858 -328 1.186 0 1.186 0 4.556 4.345 825 3.520 0 3.520 0 4.154 3.440 1.412 2.028 0 2.028 0 4.199 4.088 1.215 2.873 0 2.873 0 8 9 10 11 12 -43 11 6 5 -54 876 241 120 121 635 656 61 30 31 595 -33 3 2 1 -36 240 -233 -117 -116 473 495 88 45 43 407 7 74 37 37 -6 7 211 262 132 130 -51 714 241 122 119 473 111 270 136 134 -159 13 14 15 16 312 -868 532 -86 2.171 1.740 46 534 845 196 301 69 1.281 546 215 27 1.030 1.234 -335 50 2.147 900 725 183 865 800 -324 362 4.556 1.025 1.482 230 4.154 926 1.100 35 4.199 2.511 1.147 579 17 18 19 20 21 0 26 550 0 25 0 -1 -371 0 15 0 -23 492 0 5 0 59 -62 0 89 0 52 120 0 -98 0 -68 593 0 56 0 93 -438 0 -10 0 6 1.064 0 114 0 -29 2.047 0 15 0 -106 -382 125 2 22 23 24 101 32 0 176 32 0 -101 -94 0 154 253 0 33 -26 0 -132 -110 0 45 337 0 87 548 0 100 -40 0 46 277 0 TOTAL NET ISSUES, ALL TYPES COMMERCIAL PAPER NONFINANCIAL CORPORATIONS FINANCIAL BUSINESS COMMERCIAL BANKING FINANCE COMPANIES REITS BANKERS ACCEPTANCES NONFINANCIAL BUSINESS NONCORPORATE CORPORATE REST OF THE WORLD NET PURCHASES, BY SECTOR HOUSEHOLDS NONFIN. CORPORATE BUSINESS REST OF THE WORLD 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 SPONSORED CREDIT AGENCIES MONETARY AUTHORITY COMMERCIAL BANKING SAVINGS + LOAN ASSOCIATIONS MUTUAL SAVINGS BANKS 17 18 19 20 21 LIFE INSURANCE COMPANIES INVESTMENT COMPANIES MONEY MARKET FUNDS 22 23 24 OTHER LOANS 1 2 3 1.422 575 847 1.908 344 1.564 203 -114 317 170 401 -231 1.415 783 632 1.590 908 682 1.965 1.337 628 1.074 1.139 -65 -349 -59 -290 2.233 486 1.747 FINANCE CO. LOANS TO BUSINESS LIAB.-NONCORPORATE BUSINESS NONFIN. CORP. BUSINESS 4 5 6 7 8 9 10 11 474 142 12 32 27 185 -3 79 760 166 -13 10 77 205 417 -102 1.155 166 122 30 66 226 478 67 1.870 223 50 176 213 504 719 -15 1.886 203 61 276 48 233 1.154 -89 2.854 224 64 366 199 261 1.609 131 2.822 235 80 168 294 313 1.527 205 2.720 482 -12 212 366 627 1.278 -233 3.699 329 158 366 191 175 2.547 -67 3.619 427 -53 327 164 310 2.197 247 U.S. GOVERNMENT LOANS 4 5 LIAB.-HOUSEHOLDS FARM BUSINESS 6 NONFARM NONCORP. BUS. 7 NONFIN. CORP. BUSINESS 8 9 ST.+LOC. GOVERNMENTS REST OF THE WORLD 10 SPONS. CREDIT AGENCIES 11 12 1. 182 -15 878 1.045 1.669 807 1.038 1.580 -1.845 1.187 13 14 15 234 112 836 111 27 -153 149 48 681 190 38 817 2 59 105 1.305 148 118 541 269 97 672 407 235 938 488 216 -2.549 243 71 873 SPONSORED CREDIT AGENCY LOANS LIABILITY OFFARM BUSINESS (FICB) NONFARM NONCORP. BUS. (BC) S+L ASSOCIATIONS (FHLB) 13 14 15 16 17 18 470 40 430 653 40 613 559 57 502 544 43 501 460 39 421 524 39 485 580 42 538 1.489 50 1.439 992 50 942 1.290 43 1.247 POLICY LOANS (HH LIABILITY) ASSET-U.S. GOVERNMENT LIFE INSURANCE COS. 16 17 18 MILLIONS OF DOLLARS 1 2 3 12 OCTOBER 1979 OTHER LOANS OTHER LOANS OPEN-MARKET PAPER AND OTHER LOANS 66 ANNUAL FLOWS, 1969-78 ANNUAL FLOWS, 1969 1970 1971 1972 1973 1969-78 1974 1975 1976 1977 1978 OPEN-MARKET PAPER 1 TOTAL NET ISSUES, ALL TYPES 2 COMMERCIAL PAPER 3 NONFINANCIAL CORPORATIONS 4 FINANCIAL BUSINESS 5 COMMERCIAL BANKING 6 FINANCE COMPANIES 7 REITS 8 9 10 11 12 BANKERS ACCEPTANCES NONFINANCIAL BUSINESS NONCORPORATE CORPORATE REST OF THE WORLD 13 NET PURCHASES, BY SECTOR 14 HOUSEHOLDS 15 NONFIN. CORPORATE BUSINESS 16 REST OF THE WORLD 12.450 11.427 1.107 10.320 4.294 6.026 0 2.078 471 1.777 -1.306 -1.945 639 0 -114 -945 -886 -59 -376 -463 780 1.604 2.595 721 1.874 664 -1.250 2.460 8.346 6.352 1.414 4.938 2.244 1.959 735 17.663 7.890 4.131 3.759 3.451 3.573 -3.265 -1.211 -1.832 -2.897 1.065 322 624 119 8.147 3.628 1.433 2.195 -795 3.260 -270 14.968 11.272 1.639 9.633 1.276 8.398 -41 26.404 17.325 2.691 14.634 6.700 7.826 108 1 2 3 4 5 6 7 1.023 708 355 353 315 1.607 808 405 403 799 831 529 264 265 302 -991 53 28 25 -1.044 1.994 1.064 532 532 930 9.773 2.511 1.256 1.255 7.262 621 333 167 166 288 4.519 2.585 1.294 1.291 1.934 3.696 1.277 638 639 2.419 9.079 2.480 1.241 1.239 6.599 8 9 10 11 12 12.450 5.343 2.529 994 2.078 -3.765 1.761 487 -114 -3.822 1.886 -159 1.604 -1.659 2.960 -62 8.346 9.127 641 301 17.663 1.709 4.126 6.622 -1.211 -4.446 3.107 -2.568 8.147 -3.129 5.044 2.669 14.968 9.629 -144 4.360 26.404 14.579 1.726 7.875 13 14 15 16 17 18 19 20 21 SPONSORED CREDIT AGENCIES MONETARY AUTHORITY COMMERCIAL BANKING SAVINGS + LOAN ASSOCIATIONS MUTUAL SAVINGS BANKS 0 6 1.281 218 46 0 -7 1.482 1.505 200 0 204 286 981 216 414 -155 -204 511 -107 -193 -38 -1.268 -1.329 -117 876 931 2.220 —242 75 89 127 1.098 901 84 -33 -135 3.691 -77 393 233 -37 263 -274 -28 -1.198 -367 -1.287 381 -610 17 18 19 20 21 22 23 24 LIFE INSURANCE COMPANIES INVESTMENT COMPANIES MONEY MARKET FUNDS 83 9 1.194 0 777 -362 0 628 -334 0 211 -305 0 23 1.199 0 1.066 -365 645 743 -229 -117 411 -1.103 416 -328 1.174 120 1.453 1.264 2.588 22 23 24 OTHER LOANS 1 FINANCE CO. LOANS TO BUSINESS 2 LI AB.-NONCORPORATE BUSINESS 3 NONFIN. CORP. BUSINESS 4.969 631 4.338 354 -282 636 1.344 683 661 4.205 631 3.574 4.962 870 4.092 4.839 -994 5.833 2.136 -56 2.192 5.420 182 5.238 10.334 46 10.288 8.295 -10 8.305 1 2 3 4 U.S. GOVERNMENT LOANS 5 LIAB.-HOUSEHOLDS 6 FARM BUSINESS 7 NONFARM NONCORP. BUS. 8 NONFIN. CORP. BUSINESS 9 ST.+LOC. GOVERNMENTS 10 REST OF THE WORLD 11 SPONS. CREDIT AGENCIES 3.379 380 -15 330 117 746 2.104 -283 2.515 293 -52 570 293 77 1.334 0 3.167 360 47 358 226 365 1.811 0 2.526 385 36 61 241 345 1.458 0 3.393 210 106 750 348 286 1.693 0 5.857 511 258 540 1.529 676 1.648 695 7.344 542 1.092 1.662 206 189 2.789 864 8.235 474 451 2.223 183 2.036 3.255 -387 6.712 604 1.973 2.158 -30 205 2.974 -1.172 13.042 1.212 3.947 3.846 1.688 -1.556 3.905 0 4 5 6 7 8 9 10 11 12 SPONSORED CREDIT AGENCY LOANS LIABILITY OF— 13 FARM BUSINESS (FICB) 14 NONFARM NONCORP. BUS. (BC) 15 S+L ASSOCIATIONS (FHLB) 4.806 2.323 -2.001 755 8.549 9.305 -2.408 286 6.387 14.645 12 621 155 4.030 699 298 1.326 695 -17 -2.679 427 285 43 1.102 279 7.168 1.650 998 6.657 1.147 404 -3.959 1.317 952 -1.983 1.447 629 4.311 1.458 690 12.497 13 14 15 16 POLICY LOANS (HH LIABILITY) 17 ASSET-U.S. GOVERNMENT 18 LIFE INSURANCE COS. 2.604 85 2.519 2.308 69 2.239 1.013 12 1.001 950 12 938 2.221 25 2.196 2.699 36 2.663 1.618 13 1.605 1.368 1 1.367 1.726 4 1.722 2.596 6 2.590 16 17 18 MILLIONS OF OOLLARS OCTOBER 1979 SECURITY CREOIT, TRADE CREDIT, AND TAXES SECURITY CREDIT, TRADE CREDIT, AND TAXES SECURITY CREDIT, TRADE CREDIT, AND TAXES PAYABLE ANNUAL FLOWS, 67 ANNUAL FLOWS, 1949-58 NET CHANGE IN LIABILITIES HOUSEHOLDS FOREIGN 1 2 3 1949-58 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 SECURITY CREDIT 1 2 3 794 272 2 1.078 700 6 -402 -126 3 552 176 1 852 463 0 2.134 1.099 30 981 685 0 -637 -43 -6 -279 -408 0 1.735 1.157 17 4 5 6 7 520 419 50 51 372 39 50 2 83 -279 -248 50 -81 375 506 50 -181 389 301 100 -12 1.005 568 100 337 296 334 100 -138 -588 -673 100 -15 129 11 100 18 561 231 41 289 8 9 10 794 48 379 1.078 269 272 -402 -78 -250 552 -179 652 852 -6 500 2.134 312 991 981 -121 683 -637 -17 -656 -279 12 40 1 .735 262 481 11 12 364 3 523 14 -71 -3 81 -2 364 -6 806 25 43 6 -17 34 2 -337 6 965 27 1 2 3 4 66 41 194 79 9.822 100 283 -86 2.958 0 436 -66 1.822 238 145 -398 -196 62 -217 329 4.195 88 101 1.666 10.593 83 181 1.451 4.834 143 66 -216 3.039 123 235 672 4.149 154 440 -362 5 6 7 8 -343 100 -5 0 8.335 100 -10 1.100 946 0 42 1.600 1.635 100 27 75 -276 100 -19 -175 2.355 150 69 -234 8.757 150 54 -83 4.274 100 142 325 1.560 200 88 161 3.676 200 -22 63 NONFIN. CORPORATE BUSINESS STATE + LOCAL GOVERNMENTS FOREIGN U.S. GOVERNMENT 5 6 7 8 9 10 11 12 13 -789 -816 -44 0 71 10.519 10.071 31 400 17 4.374 3.340 24 900 110 3.923 2.833 41 951 98 -898 -869 -50 -37 58 3.609 3.358 -38 231 58 9.527 9.561 45 -171 92 6.048 5.730 107 76 135 1.710 1.554 85 -89 160 5.885 6.341 -66 -538 148 NET CHANGE IN ASSETS NONFIN. CORPORATE BUSINESS FOREIGN U.S. GOVERNMENT OTHER INSURANCE COMPANIES 9 10 11 12 13 14 855 -697 -1.416 -2.101 702 586 1.066 -1.214 1.329 -1.736 DISCREPANCY 14 BROKERS + DEALERS FROM COMMERCIAL BANKS FROM FOREIGN BANKING AGS. CUSTOMER CREDIT BALANCES NET CHANGE IN ASSETS HOUSEHOLDS COMMERCIAL BANKING BROKERS + DEALERS FOREIGN 4 5 6 7 8 9 10 11 12 TRADE CREDIT NET CHANGE IN LIABILITIES HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUSINESS (PAYABLES LESS RECEIVABLES) 1 2 3 4 PROFIT TAXES PAYABLE 1 2 3 4 5 6 7 8 —2. 167 -2.380 44 0 45 100 21 3 7.674 7.514 117 0 29 -55 65 4 4.900 4.670 162 0 57 -34 47 -2 -2.914 -3.253 178 11 16 90 34 10 1.068 599 174 2 82 137 73 1 -3.552 -3.283 -26 -3 -48 -109 -84 1 3.723 4.097 -376 1 39 -81 39 4 -1.791 -1.983 306 -1 40 -147 2 -8 -1.948 -2.131 81 0 2 83 10 7 -2.530 -2.593 -23 -2 84 65 -69 8 NET CHANGE IN TAXES PAYABLE NONFIN. CORPORATE BUSINESS COMMERCIAL BANKS SAVINGS + LOAN ASSOCIATIONS LIFE INSURANCE COMPANIES OTHER INSURANCE COMPANIES FINANCE COMPANIES BROKERS + DEALERS 9 10 11 -2.330 -66 -2.264 7.566 165 7.401 5.199 113 5.086 -3.660 -57 -3.603 522 -17 539 -3.032 -36 -2.996 2.888 195 2.693 -1.770 76 -1.846 -2.007 -2 5 -1.982 -2.464 -15 -2.449 9 NET CHANGE IN TAXES RECEIVABLE STATE + LOCAL GOVERNMENTS 10 U.S. GOVERNMENT 11 12 163 108 -299 746 546 -520 835 -21 59 -66 -1.769 -1.186 -583 -983 -589 -394 -152 25 -177 PROPRIETORS' 1 2 3 471 375 96 3.727 1.398 2.329 MILLIONS OF DOLLARS 1.571 1.373 198 -16 1.130 -1.146 DISCREPANCY 1 2 3 4 5 6 7 8 12 EQUITY IN NONCORPORATE BUSINESS -241 890 -1.131 -2.126 235 -2.361 -2.633 -601 -2.032 TOTAL HOUSEHOLD INVESTMENT FARM BUSINESS NONFARM NONCORP. BUSINESS 1 2 3 OCTOBER 1979 SECURITY CREOIT, TRADE CREDIT, AND TAXES SECURITY CREDIT, TRADE CREDIT, AND TAXES SECURITY CREDIT, TRADE CREDIT, AND TAXES PAYABLE 68 ANNUAL FLOWS, ANNUAL FLOWS, 1959-68 1959 1960 1961 1962 1964 1963 1959-68 1965 1966 1967 1968 SECURITY CREDIT 63 14 10 354 -138 -3 2.249 1.338 37 648 -126 -36 2.653 1.957 23 -84 -205 -17 1.124 736 28 775 -73 9 7.023 3.684 170 6.582 2.918 210 1 2 3 39 186 32 -179 495 266 76 153 874 772 10 92 810 963 -150 -3 673 301 379 -7 138 221 -37 -46 360 -283 -263 906 839 563 62 214 3.169 820 0 2.349 3.454 1.033 0 2.421 4 5 6 7 63 -167 239 354 148 325 2.249 55 1.083 648 34 810 2.653 -4 1.129 -84 -53 447 1.124 864 -158 775 197 597 7.023 2.213 1.460 6.582 2.096 1.320 8 9 10 3 -12 -124 5 1.074 37 -159 -37 1.531 -3 -485 7 376 42 -36 17 3.214 136 2.841 325 11 12 6.491 297 423 269 4.466 13 159 158 5.037 148 106 -960 4.217 154 6 -127 7.170 165 862 -1.317 7.583 268 186 -883 13.108 229 545 -692 10.685 279 407 -2.104 8.729 340 -208 -433 18.066 454 -975 361 1 2 3 4 NONFIN. CORPORATE BUSINESS STATE + LOCAL GOVERNMENTS FOREIGN U.S. GOVERNMENT 5.248 100 83 71 3.051 79 764 242 5.227 212 69 235 3.262 132 509 281 7.692 245 -378 -99 7.177 273 765 -203 12.203 372 -56 507 10.610 491 333 669 7.360 586 515 569 17.220 608 399 -1 5 6 7 8 9 NET CHANGE IN ASSETS 10 NONFIN. CORPORATE BUSINESS FOREIGN 11 U.S. GOVERNMENT 12 13 OTHER INSURANCE COMPANIES 5.820 5.474 164 -1 183 4.976 4.847 -91 68 152 8.078 7.808 225 -14 59 4.759 4.432 -110 229 208 6.796 6.217 -37 485 131 8.936 8.467 73 244 152 13.885 13.156 176 388 165 14.191 12.221 472 1.249 249 10.525 8.198 581 1.468 278 20.680 18.333 1.472 575 300 9 10 11 12 13 671 -510 -3.041 -542 374 -1.353 -777 -3.506 -1.796 -2.614 14 1 1 NET CHANGE IN LIABILITIES 2 HOUSEHOLDS FOREIGN 3 4 5 6 7 BROKERS + DEALERS FROM COMMERCIAL BANKS FROM FOREIGN BANKING AGS. CUSTOMER CREDIT BALANCES 8 NET CHANGE IN ASSETS HOUSEHOLDS COMMERCIAL BANKING 9 10 11 12 BROKERS + DEALERS FOREIGN TRADE CREDIT 1 NET CHANGE IN LIABILITIES 2 HOUSEHOLDS FARM BUSINESS 3 NONFARM NONCORP. BUSINESS 4 (PAYABLES LESS RECEIVABLES) 5 6 7 8 14 DISCREPANCY PROFIT TAXES PAYABLE 2.128 2.439 -460 1 86 -21 66 17 -1.225 —2.202 999 0 -16 -6 2 -2 408 1.383 -891 -1 -34 -34 -30 15 1.501 946 495 1 54 8 32 -35 1.168 1.567 -451 83 -6 -22 -32 29 710 531 213 8 103 -58 -88 1 2.189 2.162 -132 3 -20 56 87 33 160 205 -31 -44 60 2 -34 2 -4.920 -4.727 -81 -3 -111 2 -56 56 3.021 2.861 -51 24 162 -22 -1 48 9 NET CHANGE IN TAXES RECEIVABLE 10 STATE + LOCAL GOVERNMENTS U.S. GOVERNMENT 11 2.316 158 2.158 -1.353 87 -1.440 521 41 480 754 212 542 1.926 151 1.775 452 191 261 1.421 133 1.288 -1.112 253 -1.365 -4.897 224 -5.121 1.945 676 1.269 9 10 11 -188 128 -113 747 -758 258 768 1.272 -23 1.076 12 659 —2.502 3.161 -277 -790 513 1.288 -817 2.105 1 2 3 12 DISCREPANCY 00 -4 O' ■ £ * WM 1 NET CHANGE IN TAXES PAYABLE 2 NONFIN. CORPORATE BUSINESS 3 COMMERCIAL BANKS 4 SAVINGS + LOAN ASSOCIATIONS 5 LIFE INSURANCE COMPANIES OTHER INSURANCE COMPANIES 6 7 FINANCE COMPANIES 8 BROKERS + DEALERS PROPRIETORS' EQUITY IN NONCORPORATE BUSINESS 1 TOTAL HOUSEHOLD INVESTMENT 2 FARM BUSINESS 3 NONFARM NONCORP. BUSINESS MILLIONS OF DOLLARS -3.802 -2.298 -1.504 -2.098 -1.253 -845 -965 -1.217 252 -466 -1.097 631 644 -1.916 2.560 -577 -2.306 1.729 967 -1.750 2.717 OCTOBER 1979 SECURITY CREDIT, TRADE CREDIT, AND TAXES SECURITY CREDIT, TRADE CREDIT, AND TAXES SECURITY CREDIT, TRADE CREDIT, AND TAXES PAYABLE 69 ANNUAL FLOWS, 1969-78 NET CHANGE IN LIABILITIES HOUSEHOLDS FOREIGN 1 2 3 ANNUAL FLOWS, 1969-78 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 SECURITY CREDIT 1 2 3 -6.658 -3.402 -230 -799 -1.780 1 3.845 2.666 33 8.669 4.469 84 -7.945 -4.337 -181 -4.769 -1.806 -38 3.736 726 126 12.680 4.769 0 6.054 3. 107 0 357 1.355 0 4 5 6 7 -3.026 -1.006 0 -2.020 980 1.932 0 -952 1.146 6 52 0 494 4.116 3.838 87 191 -3.427 -2.668 -570 -189 -2.925 -1.836 -74 -1.015 2.884 2.324 -88 648 7.911 6.014 439 1.458 2.947 1.444 459 1.044 -998 -2.549 114 1.437 8 9 10 -6.658 -1.818 -1.109 -799 -867 1.441 3.845 532 775 8.669 136 4.757 -7.945 -156 -3.420 -4.769 -975 -2.188 3.736 577 2.066 12.680 1.458 6.627 6.054 1.044 2.236 357 1.437 -2.867 11 12 -3.529 -202 -1.288 -85 2.576 -38 3.721 55 -4.336 -33 -1.566 -40 1.022 71 4.595 0 2.774 0 1.787 0 BROKERS + DEALERS FROM COMMERCIAL BANKS FROM FOREIGN BANKING AGS. CUSTOMER CREDIT BALANCES NET CHANGE IN ASSETS HOUSEHOLDS COMMERCIAL BANKING BROKERS + DEALERS FOREIGN 4 5 6 7 8 9 10 11 12 TRADE CREDIT 1 2 3 4 22.581 560 -377 591 9.782 584 -368 1.070 11.549 542 149 -1.923 24.007 681 543 -459 42.724 590 123 374 35.126 936 223 1.256 12.424 1.098 454 1.076 23.454 1.391 878 2.243 26.957 1.333 868 -57 50.023 1.350 720 70 5 6 7 8 20.873 441 821 -328 7.541 574 963 -582 12.238 692 526 -675 22.338 557 467 -120 38.860 784 1.877 116 28.650 1.785 3.086 -810 6.330 1.356 665 1.445 13.592 672 317 4.361 21.657 987 499 1.670 44.758 1.025 -274 2.374 NONFIN. CORPORATE BUSINESS STATE + LOCAL GOVERNMENTS FOREIGN U.S. GOVERNMENT 5 6 7 8 9 10 11 12 13 24.713 22.581 791 919 422 10.015 8.306 2.014 -777 472 13.568 14.612 369 -1.704 291 28.433 27.256 815 -819 1.181 39.001 37.049 1.035 274 643 35.731 32.354 1.844 998 535 9.883 6.396 1.649 1.190 648 24.610 19.529 3.418 453 1.210 33.478 31.610 1.508 -762 1.122 62.276 54.894 3.396 2.726 1.260 NET CHANGE IN ASSETS NONFIN. CORPORATE BUSINESS FOREIGN U.S. GOVERNMENT OTHER INSURANCE COMPANIES 9 10 11 12 13 14 -2.132 -233 -2.019 -4.426 3.723 -605 2.541 -1.156 -6.521 -12.253 DISCREPANCY 14 NET CHANGE IN LIABILITIES HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUSINESS (PAYABLES LESS RECEIVABLES) 1 2 3 4 PROFIT TAXES PAYABLE 1 2 3 4 5 6 7 8 -3. 120 -3.306 78 6 55 51 48 -52 -3.145 -3.706 340 16 112 65 28 0 1.837 1.991 -27 59 -70 -115 9 -10 -85 -92 -200 26 15 120 21 25 2.536 2.378 85 36 36 13 0 -12 1 .171 1 .086 125 60 -12 20 0 -108 -2.661 -2.405 -325 119 -90 5 0 35 7.976 7.484 0 208 133 54 0 97 -628 -1.349 0 309 390 118 0 -96 5.194 3.449 300 416 636 201 186 6 NET CHANGE IN TAXES PAYABLE NONFIN. CORPORATE BUSINESS COMMERCIAL BANKS SAVINGS + LOAN ASSOCIATIONS LIFE INSURANCE COMPANIES OTHER INSURANCE COMPANIES FINANCE COMPANIES BROKERS ♦ DEALERS 9 10 11 -2.683 309 -2.992 -2.366 225 -2.591 2.078 536 1.542 26 775 -749 2.051 735 1.316 1 .316 745 571 -2.495 606 -3.101 7.727 2.190 5.537 330 1.613 -1.283 5.156 1.616 3.540 9 NET CHANGE IN TAXES RECEIVABLE 10 STATE ♦ LOCAL GOVERNMENTS U.S. GOVERNMENT 11 12 -437 -779 -241 -111 485 -145 -166 249 -958 38 -15.584 -11.024 -4.560 -16.662 -11.254 -5.408 -20.759 -13.690 -7.069 PROPRIETORS’ 1 2 3 -210 -1.673 1.463 -558 -699 141 MILLIONS OF DOLLARS -1.540 -2.448 908 -3.135 -5.248 2.113 DISCREPANCY 1 2 3 4 5 6 7 8 12 EQUITY IN NONCORPORATE BUSINESS -1.888 -4.760 2.872 -13.269 -7.547 -5.722 -10.373 -4.196 -6.177 TOTAL HOUSEHOLD INVESTMENT FARM BUSINESS NONFARM NONCORP. BUSINESS 1 2 3 OCTOBER 1979 MISCELLANEOUS I MISCELLANEOUS I 70 MISCELLANEOUS FINANCIAL CLAIMS ANNUAL FLOWS, 1949-58 ANNUAL FLOWS, 1949-58 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1 NET CHANGE IN LIABILITIES HOUSEHOLDS 2 3 NONFIN. CORPORATE BUSINESS 2.316 69 56 2.995 103 80 1.911 79 90 3.193 76 132 2.657 92 158 3.107 87 124 3.744 141 197 5.551 187 232 6.017 174 155 4.097 126 98 1 2 3 4 5 REST OF THE WORLD U.S. GOVERNMENT 1.017 -460 1.135 -257 571 -42 967 -343 634 -240 779 -210 1.327 -406 2.541 186 3.069 -339 1.516 -149 4 5 6 7 8 9 TOTAL FINANCE SPONSORED CREDIT AGENCIES MONETARY AUTHORITIES COMMERCIAL BANKING 1.634 89 221 151 1.934 47 393 365 1.213 166 -435 236 2.361 75 107 235 2.013 214 47 92 2.327 393 -26 568 2.485 -62 101 566 2.405 224 -94 601 2.958 222 -146 870 2.506 234 139 580 6 7 8 9 SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES NONLIFE INSUR. COMPANIES FINANCE COMPANIES REITS 7 15 388 651 112 0 132 43 276 519 159 0 -111 16 391 882 68 0 55 10 630 1.004 245 0 46 39 530 825 220 0 44 58 663 569 58 0 37 49 644 724 426 0 60 59 664 749 142 0 86 57 639 1.017 213 0 88 100 607 856 -98 0 10 11 12 13 14 15 16 NET CHANGE IN ASSETS 17 HOUSEHOLDS 18 FARM BUSINESS 19 NONFARM NONCORP. BUSINESS NONFIN. CORPORATE BUSINESS 20 1.326 370 76 100 900 1.681 335 33 90 759 2.820 584 59 151 823 2.659 727 87 204 988 3.045 606 77 190 1.181 2.664 337 73 195 819 2.746 467 108 150 1.149 5.676 320 79 130 2.397 5.800 308 67 173 2.996 3.651 276 66 123 1.722 16 17 18 19 20 -396 149 0 -3 571 -53 -22 -14 402 -11 -96 172 413 343 488 595 310 692 329 329 21 22 127 28 -46 37 467 -26 25 156 685 -1 17 208 689 23 30 62 600 124 -2 92 1.164 83 -13 507 116 -73 29 —202 1.667 -51 104 826 1.254 100 -17 611 806 -6 -68 257 23 24 25 26 147 -11 92 -120 0 0 27 6 249 30 0 0 179 62 190 30 0 0 296 40 166 72 0 0 242 18 145 -19 0 0 326 57 196 8 0 0 -23 18 194 173 0 0 217 24 318 229 0 0 202 25 251 82 0 0 328 49 212 34 0 0 27 28 29 30 31 32 990 1.314 -909 534 -388 443 998 -125 217 446 33 660 621 508 852 735 667 823 1.951 2.442 1.181 34 56 80 90 132 158 124 197 232 155 98 35 0 0 0 0 0 0 0 35 0 0 36 173 0 173 84 47 37 37 34 3 -30 -16 -14 28 39 -11 152 44 108 314 -29 343 572 9 563 617 -7 624 357 18 339 37 38 39 -140 -267 -222 -157 -191 -226 -255 -244 -327 -193 40 134 -43 37 159 138 244 -104 -15 -30 166 41 10 14 12 16 12 23 15 23 19 18 42 -5 -24 7 -40 43 -56 49 0 60 0 140 64 92 0 112 -3 181 68 96 -10 43 44 2 1 0 16 2 1 0 44 3 2 0 94 4 1 0 44 6 1 0 53 5 1 0 70 11 1 2 78 13 0 11 91 11 5 19 78 10 6 6 84 45 46 47 48 10 11 12 13 14 15 21 22 REST OF THE WORLD U.S. GOVERNMENT 23 24 25 26 TOTAL FINANCE SPONSORED CREDIT AGENCIES MONETARY AUTHORITY COMMERCIAL BANKING 27 28 29 30 31 32 SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS REITS MONEY MARKET FUNDS 33 UNALLOCATED, NET (A) FOREIGN CLAIMS 34 DIRECT FOREIGN INVESTMENT BY U.S. CORPORATIONS LIAB.-REST OF THE WORLD 35 DIRECT FOREIGN INVESTMENT IN U.S. LIAB.-NONFIN. CORP. BUSINESS U.S. GOVT. EQ. IN IBRD, ETC. 36 LIAB.-REST OF THE WORLD FOREIGN CURR. EXCEPT OFFICIAL 37 LIAB.-REST OF THE WORLD 38 ASSET-NONFIN. CORP. BUSINESS 39 U.S. GOVERNMENT CB) U. S. GOVERNMENT CLAIMS 40 POSTAL SAVINGS DEPOSITS ASSET-HOUSEHOLDS LIAB.-U.S. GOVT. 41 DEPOSITS AT FHLB LIAB.-SPONSORED CREDIT AGS. ASSET-S+L ASSOCIATIONS 42 FEDERAL RESERVE BANK STOCK ASSET OF COMMERCIAL BANKS 43 EQ. IN U.S. GOVT. CREDIT AGS. 44 U.S. GOVERNMENT PRIVATE 45 FARM BUSINESS (FICB + FLB) 46 NONFARM NONCORPORATE (BC) 47 NONFIN. CORP. BUS. (FNMA) 48 S+L ASSOCIATIONS (FHLB) MILLIONS OF DOLLARS OCTOBER 1979 MISCELLANEOUS I MISCELLANEOUS I 71 MISCELLANEOUS FINANCIAL CLAIMS ANNUAL FLOWS, ANNUAL FLOWS, 1959-68 1959-68 1959 1960 1961 1962 1963 1964 1965 19 S6 1967 1968 1 2 3 4.252 218 238 4.722 192 141 6.154 133 72 4.563 155 131 7.435 186 -5 7.627 186 -5 7.736 264 57 9.020 356 85 10.567 288 257 13.064 355 318 4 5 1. 795 -604 2.241 42 2.278 -160 1.970 -105 3.028 -289 3.277 -340 2.475 -60 3.407 -361 2.841 64 1.851 723 REST OF THE WORLD U.S. GOVERNMENT 4 5 6 7 8 9 2. 605 -14 307 242 2. 106 565 -155 -812 3.831 391 -99 1.272 2.412 113 102 2 4.515 -54 -89 1.730 4.509 111 712 896 5.000 116 -293 1.649 5.533 189 117 975 7.117 471 87 1.829 9.817 -253 378 3.986 TOTAL FINANCE SPONSORED CREDIT AGENCIES MONETARY AUTHORITIES COMMERCIAL BANKING 6 7 8 9 10 11 12 13 14 15 161 109 241 1. 144 415 0 92 72 963 921 460 0 169 103 993 824 178 0 82 47 990 704 372 0 186 115 742 1.074 811 0 226 46 825 1.276 417 0 114 135 1.176 1.546 557 0 369 -11 1.217 1.785 892 0 350 147 1.635 2.076 522 0 398 112 1.458 2.466 1.272 0 SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES NONLIFE INSUR. COMPANIES FINANCE COMPANIES REITS 10 11 12 13 14 15 16 17 18 19 20 4. 811 504 98 187 2. 114 6.107 476 64 139 2.984 5.209 529 85 166 2.331 5.107 475 34 128 2.586 6.730 529 160 216 3.298 7.649 880 192 254 3.684 7.772 1.273 180 284 4.180 9.891 1.216 207 359 4.214 9.738 1.465 263 402 4.245 11.624 1.797 379 482 4.590 NET CHANGE IN ASSETS HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUSINESS NONFIN. CORPORATE BUSINESS 16 17 18 19 20 21 22 862 13 -347 691 21 425 -173 360 597 451 -94 4 -526 66 489 358 758 -148 485 —224 23 24 25 26 1.033 34 123 19 2.100 52 -46 1.120 1.652 30 30 356 1.697 31 63 542 1.479 -76 -60 596 2.729 -18 8 783 2.315 69 92 681 3.048 -60 199 1.064 2.753 -18 21 821 4.115 -6 235 2.474 27 28 29 30 31 32 95 245 370 147 0 0 427 26 315 206 0 0 557 37 276 191 0 0 427 150 352 90 0 0 749 76 342 789 0 0 567 103 470 333 0 0 839 120 236 650 0 0 871 77 269 712 0 0 301 141 617 353 0 0 33 -559 -1.385 -544 705 -22 -36 -871 829 1.440 755 40 348 93 0 O' 945 NET CHANGE IN LIABILITIES HOUSEHOLDS NONFIN. CORPORATE BUSINESS 1 2 3 REST OF THE WORLD U.S. GOVERNMENT 21 22 TOTAL FINANCE SPONSORED CREDIT AGENCIES MONETARY AUTHORITY COMMERCIAL BANKING 23 24 25 26 SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS REITS MONEY MARKET FUNDS UNALLOCATED, NET 27 28 29 30 31 32 33 (A) FOREIGN CLAIMS 34 1.372 1.673 1.596 1.652 1.974 2.326 3.276 3.029 2.601 725 DIRECT FOREIGN INVESTMENT BY U.S. CORPORATIONS LIAB.-REST OF THE WORLD 34 35 238 141 72 131 -5 -5 57 85 257 318 DIRECT FOREIGN INVESTMENT IN U.S. LIAB.-NONFIN. CORP. BUSINESS 35 36 0 154 171 122 62 50 61 0 83 137 U.S. GOVT. EQ. IN IBRD, ETC. LIAB.-REST OF THE WORLD 37 38 39 -5 -17 12 529 3 526 348 88 260 119 -125 244 235 -209 444 122 103 19 -297 -312 15 368 104 264 -125 84 -209 471 532 -61 FOREIGN CURR. EXCEPT OFFICIAL LIAB.-REST OF THE WORLD 37 ASSET-NONFIN. CORP. BUSINESS 38 U.S. GOVERNMENT 39 (B) U. 40 -189 -187 -124 -119 -93 -72 -84 -217 -110 0 41 -230 349 242 33 -62 48 -154 -8 395 -49 42 24 22 36 22 30 27 27 19 28 32 43 44 135 1 176 11 145 -6 49 -6 18 -55 28 -65 99 -10 264 94 78 -22 -153 -3 00 45 46 47 48 16 8 13 97 13 8 21 123 16 9 8 118 14 12 10 19 15 13 0 45 23 13 1 56 40 13 6 50 46 9 23 92 49 11 14 26 102 11 26 8 MILLIONS OF OOLLARS 36 S. GOVERNMENT CLAIMS POSTAL SAVINGS DEPOSITS ASSET-HOUSEHOLDS LIAB.-U.S. GOVT. 40 DEPOSITS AT FHLB LI AB.-SPONSORED CREDIT AGS. ASSET—S+L ASSOCIATIONS 41 FEDERAL RESERVE BANK STOCK ASSET OF COMMERCIAL BANKS 42 EQ. IN U.S. GOVT. CREDIT AGS. U.S. GOVERNMENT PRIVATE FARM BUSINESS (FICB + FLB) NONFARM NONCORPORATE (BC) NONFIN. CORP. BUS. (FNMA) S+L ASSOCIATIONS (FHLB) 43 44 45 46 47 48 OCTOBER 1979 MISCELLANEOUS I MISCELLANEOUS I MISCELLANEOUS FINANCIAL CLAIMS 72 ANNUAL FLOWS, 1969-78 1 NET CHANGE IN LIABILITIES 2 HOUSEHOLDS 3 NONFIN. CORPORATE BUSINESS ANNUAL FLOWS, 1969-78 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 10.474 386 83 0 15.387 430 1.027 15.267 318 -176 23.683 540 379 23.499 400 1.889 18.792 710 3.694 22.118 658 1.414 35.045 631 2.686 32.271 909 2.140 52.614 1.065 3.962 1 2 3 5 REST OF THE WORLD U.S. GOVERNMENT 2.011 -359 3.361 539 4.455 828 2.382 30 3.648 -363 1.626 -7 6.562 -709 9.049 939 3.178 -925 10.807 -276 4 5 6 7 8 9 TOTAL FINANCE SPONSORED CREDIT AGENCIES MONETARY AUTHORITIES COMMERCIAL BANKING 7.606 354 342 489 10.030 2.092 505 553 9.842 -529 -6 1.787 20.352 282 -119 9.214 17.925 2.169 1.177 3.773 12.769 264 -280 4.478 14.193 1.642 -462 969 21.740 1.409 251 2.930 26.969 1.293 -102 6.478 37.056 4.768 450 11.939 6 7 8 9 SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES NONLIFE INSUR. COMPANIES FINANCE COMPANIES REITS 392 213 1.431 3.345 1.040 0 617 91 1.474 3.418 1.280 0 1.173 -92 1.954 3.570 1.985 0 903 215 2.646 4.819 2.392 0 645 596 2.496 4.775 2.294 0 -97 268 2.578 4.894 -116 780 700 -133 3.293 6.209 675 1.300 1.084 128 3.886 10.290 1.582 180 1.096 409 4.591 12.593 1.113 -502 -503 1.373 4.503 14.062 604 -140 10 11 12 13 14 15 16 NET CHANGE IN ASSETS 17 HOUSEHOLDS FARM BUSINESS 18 NONFARM NONCORP. BUSINESS 19 20 NONFIN. CORPORATE BUSINESS 5.587 2.118 436 672 4.891 12.354 2.584 489 684 5.632 13.989 2.304 568 794 9.595 21.592 2.668 674 994 10.207 27.387 2.805 643 985 10.260 21.941 2.678 754 1.020 5.289 19.453 3.750 927 1.273 7.710 31.342 5.452 1.489 2.130 10.857 28.178 6.939 1.726 2.558 14.261 49.629 7.596 1.859 2.898 13.324 16 17 18 19 20 -4.696 94 -1.083 253 -2.252 71 2.399 108 6.666 949 1.889 -3 320 683 7.146 955 -6.033 717 4.712 749 21 22 2.072 353 -130 1.121 3.795 802 90 132 2.909 189 185 1.405 4.542 — 372 17 1.868 5.079 846 294 1.635 10.314 -1.770 1.831 5.817 4.790 912 21 -1.363 3.313 -226 -206 -302 8.010 906 -584 4.069 18.491 649 529 9.099 23 24 25 26 -169 -100 862 135 0 0 1.611 199 821 140 0 0 -218 297 918 -34 167 0 560 478 1.007 157 827 0 976 235 917 146 30 0 2.037 510 1.393 134 360 2 1.445 565 1.663 243 1.233 71 1.933 741 1.450 240 -326 9 1.509 346 2.478 -506 -245 37 3.598 997 2.766 126 520 207 27 28 29 30 31 32 4.887 3.033 1.278 2.091 -3.888 -3.149 2.665 3.703 4.093 2.985 33 2.100 3.589 3.278 1.209 1.972 1.158 6.000 3.936 4.952 3.788 34 830 1.027 -176 379 1.889 3.694 1.414 2.686 2.140 3.962 35 184 235 252 270 348 646 674 1.088 749 625 36 -504 -414 -90 -357 -375 18 255 436 -181 776 938 -162 1.758 1.157 601 -849 -200 -649 835 826 9 1.536 1.669 -133 1.269 1.301 -32 2.117 1.993 124 37 38 39 0 0 0 0 0 0 0 0 0 0 40 -342 1.289 -541 -241 197 648 269 1.204 280 2.060 41 39 33 40 51 51 53 32 54 46 49 42 208 0 306 0 117 0 258 0 565 0 759 0 368 0 518 0 776 0 1.265 0 43 44 55 13 65 75 51 15 111 129 70 13 23 11 90 12 18 138 160 20 19 366 206 34 17 502 236 41 10 81 224 73 37 184 247 44 79 406 271 127 42 825 45 46 47 48 10 11 12 13 14 15 21 22 REST OF THE WORLD U.S. GOVERNMENT 23 24 25 26 TOTAL FINANCE SPONSORED CREDIT AGENCIES MONETARY AUTHORITY COMMERCIAL BANKING 27 28 29 30 31 32 SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS REITS MONEY MARKET FUNDS 33 UNALLOCATED, NET (A) FOREIGN CLAIMS DIRECT FOREIGN INVESTMENT BY U.S. CORPORATIONS 34 LIAB.-REST OF THE WORLD 35 DIRECT FOREIGN INVESTMENT IN U.S. LIAB.-NONFIN. CORP. BUSINESS U.S. GOVT. EQ. IN IBRD, ETC. 36 LIAB.-REST OF THE WORLD FOREIGN CURR. EXCEPT OFFICIAL 37 LIAB.-REST OF THE WORLD 38 ASSET-NONFIN. CORP. BUSINESS U.S. GOVERNMENT 39 (B) U. S. GOVERNMENT CLAIMS 40 POSTAL SAVINGS DEPOSITS ASSET-HOUSEHOLDS LIAB.-U.S. GOVT. 41 DEPOSITS AT FHLB LIAB.-SPONSORED CREDIT AGS. ASSET-S+L ASSOCIATIONS 42 FEDERAL RESERVE BANK STOCK ASSET OF COMMERCIAL BANKS 43 EQ. IN U.S. GOVT. CREDIT AGS. U.S. GOVERNMENT 44 PRIVATE 45 FARM BUSINESS (FICB + FLB) 46 NONFARM NONCORPORATE (BC) 47 NONFIN. CORP. BUS. (FNMA) 48 S+L ASSOCIATIONS (FHLB) MILLIONS OF DOLLARS OCTOBER 1979 MISCELLANEOUS II MISCELLANEOUS II 73 MISCELLANEOUS FINANCIAL CLAIMS (CONTINUED! ANNUAL FLOWS, 1949-58 ANNUAL FLOWS, 1949 1950 1951 1952 1953 1954 1955 1956 1957 1949-58 1958 (C) LIFE INSURANCE CLAIMS 1 69 103 79 76 92 87 141 187 174 126 DEFERRED AND UNPAID PREMIUMS LIAB.-HOUSEHOLDS ASSET-LIFE INSURANCE 2 3 4 223 48 175 238 37 201 259 71 188 284 62 222 352 71 281 336 44 292 412 61 351 370 37 333 414 86 328 332 12 320 LIFE COMPANY RESERVES LIAB.-LIFE INSURANCE COS. ACCIDENT AND HEALTH POLICY DIVIDEND ACCUM. ASSET-HOUSEHOLDS 5 6 7 8 9 651 287 74 99 191 519 364 31 89 35 882 547 56 149 130 1.004 600 83 203 118 825 445 71 189 120 569 227 68 194 80 724 310 97 149 16 8 749 194 66 130 359 1.017 221 56 168 572 856 137 56 117 546 -388 443 998 -125 1 2 3 4 (D) NONLIFE INSURANCE CLAIMS LIAB.-OTHER INSURANCE ASSET-HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUS. NONFIN. CORP. BUSINESS (E) 5 6 7 8 9 UNALLOCATED ASSETS + LIAB. 10 990 1.314 -909 534 217 446 NET TOTAL (LIAB. LESS ASSETS) 10 11 12 13 14 15 16 485 184 -320 0 -40 211 1.639 430 10 0 83 379 186 26 180 0 86 -447 8 08 145 -186 0 -133 91 448 -129 -49 0 16 35 991 -40 16 0 9 -49 1.385 190 -4 -147 -50 86 1.579 -17 25 405 127 -117 1.355 10 33 -45 71 -165 1 .060 -22 21 23 -28 121 NET CHANGE IN LIABILITIES REST OF THE WORLD U.S. GOVERNMENT U.S. GOVT.-WITHOUT LEVELS SPONSORED CREDIT AGENCIES MONETARY AUTHORITIES 11 12 13 14 15 16 17 18 19 20 21 151 158 0 10 -17 365 318 0 0 47 236 203 0 9 24 235 187 0 17 31 92 65 0 25 2 568 524 0 5 39 566 535 0 -7 38 601 474 0 44 83 870 773 0 -41 138 580 391 0 70 119 COMMERCIAL BANKING COMMERCIAL BANKS BANK AFFILIATES FOREIGN BANKING OFFICES BANKS IN U.S. POSS. 17 18 19 20 21 22 23 24 25 26 7 15 165 112 0 132 43 38 159 0 -111 16 132 68 0 55 10 346 245 0 46 39 178 220 0 44 58 327 58 0 37 49 232 426 0 60 59 294 142 0 86 57 225 213 0 88 100 275 -98 0 SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES FINANCE COMPANIES REITS 22 23 24 25 26 27 28 29 30 31 -505 49 -452 28 -46 325 56 -80 -26 25 1.095 151 481 -1 17 274 34 -154 23 30 8 36 287 244 124 —2 548 28 -220 83 -13 387 18 5 216 -7 3 29 1.704 67 256 -51 104 1.138 -30 155 100 -17 614 -29 231 -6 -68 NET CHANGE IN ASSETS NONFIN. CORPORATE BUSINESS REST OF THE WORLD SPONSORED CREDIT AGENCIES MONETARY AUTHORITY 27 28 29 30 31 32 33 34 -3 16 14 78 20 44 163 30 3 5 32 9 82 3 -5 348 110 26 -134 -90 7 408 376 19 384 130 78 69 146 24 35 36 37 38 -3 -11 23 -120 26 6 146 30 48 62 111 30 93 40 90 72 51 18 53 -19 12 57 109 8 3 18 53 173 141 24 131 229 154 25 77 82 78 49 86 34 39 40 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MILLIONS OF DOLLARS COMMERCIAL BANKS FOREIGN BANKING OFFICES BANKS IN U.S. POSSESSIONS 32 33 34 SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS insurance COMPANIES PRIVATE PENSION FUNDS 35 36 37 38 REITS MONEY MARKET FUNDS 39 40 life OCTOBER 1979 MISCELLANEOUS II 74 MISCELLANEOUS II MISCELLANEOUS FINANCIAL CLAIMS (CONTINUED) ANNUAL FLOWS, (C) LIFE ANNUAL FLOWS, 1959-68 1959-68 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 INSURANCE CLAIMS 1 DEFERRED AND UNPAID PREMIUMS LIAB.-HOUSEHOLDS ASSET-LIFE INSURANCE 218 192 133 155 186 186 264 356 288 355 1 2 3 4 LIFE COMPANY RESERVES LIAB.-LIFE INSURANCE COS. ACCIDENT AND HEALTH POLICY DIVIDEND ACCUM ASSET-HOUSEHOLDS 380 84 296 515 71 444 517 58 459 576 82 494 243 136 107 405 135 270 638 156 482 724 220 504 772 308 464 868 330 538 2 3 4 1.144 313 82 179 570 921 148 51 131 591 824 136 69 157 462 704 18 20 116 550 1.074 379 145 203 347 1.276 547 169 241 319 1.546 719 140 271 416 1.785 709 161 350 565 2.076 803 214 391 668 2.466 929 277 471 789 5 6 7 8 9 10 NET TOTAL (LIAB. LESS ASSETS) -55 9 -1.385 945 -544 705 -22 -36 -871 829 1.440 10 11 12 13 14 15 16 NET CHANGE IN LIABILITIES REST OF THE WORLD U.S. GOVERNMENT U.S. GOVT.-WITHOUT LEVELS SPONSORED CREDIT AGENCIES MONETARY AUTHORITIES 1.165 428 0 -415 81 283 237 -115 0 229 40 -177 2.194 163 0 -36 4 -135 1.119 77 -103 117 31 80 3.773 757 -35 -161 -10 -119 3.236 779 -59 -209 35 685 2.303 -565 127 -103 171 -320 2.615 10 409 -553 -67 98 4.224 282 363 -189 -2 59 7.894 518 196 527 -51 346 11 12 13 14 15 16 17 18 19 20 21 COMMERCIAL BANKING COMMERCIAL BANKS BANK AFFILIATES FOREIGN BANKING OFFICES BANKS IN U.S. POSS. 242 346 0 -75 -29 -812 -886 0 -3 77 1.272 1.228 0 -83 127 2 -174 0 53 123 1.730 1.475 0 83 172 896 1.182 0 -433 147 1.649 1.252 0 310 87 975 558 0 141 276 1.829 1.390 0 145 294 3.986 4.144 0 -410 252 17 18 19 20 21 22 23 24 25 26 SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES FINANCE COMPANIES REITS 161 109 -139 415 0 92 72 448 460 0 169 103 476 178 0 82 47 414 372 0 186 115 499 811 0 226 46 420 417 0 114 135 538 557 0 369 -11 493 892 0 350 147 863 522 0 398 112 590 1.272 0 22 23 24 25 26 27 28 29 30 31 NET CHANGE IN ASSETS NONFIN. CORPORATE BUSINESS REST OF THE WORLD SPONSORED CREDIT AGENCIES MONETARY AUTHORITY 1.724 176 624 34 123 1.622 696 -488 52 -46 1.249 177 -51 30 30 1.663 499 -304 31 63 3.068 1.186 602 -76 -60 3.258 935 -89 -18 8 2.339 794 -583 69 92 3.486 493 404 -60 199 3.395 878 501 -18 21 6.454 2.518 167 -6 235 27 28 29 30 31 (D) 5 6 7 8 9 NONLIFE INSURANCE CLAIMS LIAB.-OTHER INSURANCE ASSET-HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUS. NONFIN. CORP. BUSINESS (E) UNALLOCATED ASSETS + LIAB. 32 33 34 COMMERCIAL BANKS FOREIGN BANKING OFFICES BANKS IN U.S. POSSESSIONS -28 -9 32 739 326 33 521 -262 61 336 152 32 443 70 53 301 357 98 602 49 3 731 202 112 1.107 -410 96 1.706 592 144 32 33 34 35 36 37 38 SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS 228 245 152 147 -45 26 123 206 395 40 215 93 505 37 121 191 444 150 166 90 645 76 156 789 671 103 2 06 333 755 120 -120 650 450 77 -19 712 342 141 262 353 35 36 37 38 39 40 REITS MONEY MARKET FUNDS 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 39 40 MILLIONS OF DOLLARS OCTOBER 1979 MISCELLANEOUS II MISCELLANEOUS I I 75 MISCELLANEOUS FINANCIAL CLAIMS (CONTINUED) 1969-78 ANNUAL FLOWS, ANNUAL FLOWS, 1970 1969 1971 1972 1973 1974 1975 1976 1977 1969--78 1978 (C) LIFE INSURANCE CLAIMS 1 386 430 318 540 400 710 658 631 909 1.065 DEFERRED AND UNPAID PREMIUMS LIAB.-HOUSEHOLDS ASSET-LIFE INSURANCE 1 2 3 4 960 405 555 1.169 595 574 1.060 418 642 1.266 455 811 1.438 563 875 1.445 697 748 1.691 686 1.005 1.865 669 1.196 2.748 1.367 1.381 2.700 1.267 1.433 LIFE COMPANY RESERVES LIAB.-LIFE INSURANCE COS. ACCIDENT AND HEALTH POLICY DIVIDEND ACCUM. ASSET-HOUSEHOLDS 2 3 4 CD) NONLIFE INSURANCE CLAIMS 5 6 7 8 9 3. 345 1.158 381 659 1.147 3.418 1.415 438 669 896 3.570 1.244 498 781 1.047 4.819 1.402 584 982 1.851 4.7 75 1.367 483 965 1.960 4.894 1.233 548 986 2.127 6.209 2.059 691 1.232 2.227 10.290 3.587 1.265 2.057 3.381 12.593 4.191 1.479 2.514 4.409 LIAB.-OTHER INSURANCE ASSET-HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUS. NONFIN. CORP. BUSINESS 14.062 4.896 1.588 2.771 4.807 (E> 5 6 7 8 9 UNALLOCATED ASSETS + LIAB. 10 4. 887 3.033 1.278 2.091 -3.888 -3.149 2.665 3.703 4.093 2.985 NET TOTAL (LIAB. LESS ASSETS) 10 11 12 13 14 15 16 3.268 231 -298 -61 488 303 4.248 -106 -613 1. 152 497 472 7.094 670 7 821 -105 -46 14.356 127 1 29 265 -170 10.106 -430 0 -363 1.407 1.126 5.634 671 1.723 -1.730 -1.143 -333 3.96 8 -947 -598 -111 1.005 -494 11.237 2.489 -475 1.414 -313 197 5.809 -3.792 -650 -275 237 -148 20.921 4.277 0 -276 1.443 401 NET CHANGE IN LIABILITIES REST OF THE WORLD U.S. GOVERNMENT U.S. GOVT.-WITHOUT LEVELS SPONSORED CREDIT AGENCIES MONETARY AUTHORITIES 11 12 13 14 15 16 17 18 19 20 21 489 -978 237 115 1. 115 553 497 1.050 -1.488 494 1.787 1.622 571 -915 509 9.214 6.367 -1.298 3.679 466 3.773 3.299 -952 953 473 4.478 5.543 -2.720 1.588 67 969 103 -848 654 1.060 2.930 1.713 493 345 379 6.478 5.611 -699 733 833 11.939 12.224 -3.157 2.251 621 COMMERCIAL BANKING COMMERCIAL BANKS BANK AFFILIATES FOREIGN BANKING OFFICES BANKS IN U.S. POSS. 17 18 19 20 21 22 23 24 25 26 392 213 471 1.040 0 617 91 305 1.2 80 0 1.173 -92 894 1.985 0 903 215 1.380 2.392 0 645 596 1.058 2.294 0 -97 268 1.133 -116 780 700 -133 1.602 67 5 1.300 1.084 128 2.021 1.582 180 1.096 409 1.843 1.113 -502 -503 1 .373 1.803 604 -140 SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES FINANCE COMPANIES REITS 22 23 24 25 26 27 28 29 30 31 -1.619 1.993 -5.526 353 -130 1.215 1.411 -2.110 802 90 5.816 4.811 -2.076 189 185 12.265 6.191 2.020 -372 17 13.994 5. 152 4.777 846 294 8.783 2.187 -1.805 -1.770 1.831 1.303 -1.353 -1.094 912 21 7.534 1.834 4.460 -226 -206 1.716 3.520 -8.173 906 -584 17.936 2.694 750 649 529 NET CHANGE IN ASSETS NONFIN. CORPORATE BUSINESS REST OF THE WORLD SPONSORED CREDIT AGENCIES MONETARY AUTHORITY 27 28 29 30 31 32 33 34 785 -553 850 866 -1.023 256 477 817 71 938 869 10 938 568 78 4.601 1.379 -216 -2.537 559 583 -678 417 -95 3.702 309 12 6.912 2.034 104 COMMERCIAL BANKS FOREIGN BANKING OFFICES BANKS IN U.S. POSSESSIONS 32 33 34 35 36 37 38 98 -100 476 135 193 199 391 140 312 297 600 -34 663 478 467 157 413 235 517 146 887 510 683 134 1.095 565 1.005 243 545 741 819 240 823 346 1.569 -506 713 997 1.701 126 SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS 35 36 37 38 39 40 0 0 0 0 167 0 827 0 30 0 360 2 1.233 71 -326 9 -245 37 520 207 REITS MONEY MARKET FUNDS 39 40 MILLIONS OF DOLLARS OCTOBER 1979 TOTAL CLAIMS TOTAL CLAIMS 76 TOTAL FINANCIAL ASSETS AND LIABILITIES ANNUAL FLOWS, 1949-58 ANNUAL FLOWS, 1949-58 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 TOTAL FUNDS RAISED AND ADVANCED IN CREDIT MARKETS (11 1 TOTAL FUNDS RAISED IN CREDIT MARKETS BY: NONFINANCIAL SECTORS U.S. GOVERNMENT FOREIGN PRIVATE DOMESTIC HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUSCORPORATE BUSINESS ST.+LOC. GOVERNMENTS 2 3 4 5 6 7 8 9 10 FINANCIAL SECTORS SPONSORED CREDIT AGENCIES MORTGAGE POOLS COMMERCIAL BANKS BANK AFFILIATES SAVINGS + LOAN ASSNS. OTHER INSURANCE COMPANIES FINANCE COMPANIES REITS OPEN-END INVESTMENT COS. 11 12 13 14 15 16 17 18 19 20 21 TOTAL FUNDS ADVANCED IN CREDIT MARKETS BY: 22 PRIVATE DOM. NONFIN. SECTORS 23 HOUSEHOLDS NONFARM NONCORP. BUSINESS 24 25 CORPORATE BUSINESS 26 STATE + LOCAL GOVERNMENTS 18.626 28.495 26.017 35.576 31.833 28.690 44.059 32.471 34.306 43.818 1 17.497 2.577 152 14.768 8.238 39 2 538 3.103 2.497 25.923 -1.179 169 26.933 12.382 1.058 2.007 8.087 3.399 24.742 -438 717 24.463 8.984 1.287 1.255 10.498 2.439 33.439 5.365 523 27.551 12.171 790 1.088 9.496 4.006 29.551 7.020 -22 22.553 12.562 -100 537 5.649 3.905 27.720 2.398 548 24.774 10.993 772 811 6.451 5.747 37.976 -807 2 03 38.580 19.944 1.442 1.744 10.162 5.288 29.822 -5.816 995 34.643 16.204 858 1.115 12.807 3.659 30.547 -2.255 1.332 31.470 12.824 1.057 942 12.249 4.398 42.249 9.300 2.347 30.602 11.659 1.364 1.424 10.477 5.678 2 3 4 5 6 7 8 9 10 1.129 -112 3 11 0 -53 20 933 0 32 7 2.572 381 25 72 0 445 46 1.364 0 239 1.275 227 11 144 0 152 47 397 0 297 2.137 47 10 139 0 79 36 1.295 0 531 2.282 -3 7 114 0 131 88 1.537 0 408 970 -35 18 228 0 167 106 -36 0 522 6.083 1.007 38 -51 0 725 103 3.481 0 780 2.649 738 33 267 0 -239 62 739 0 1.049 3.759 1.120 24 273 0 0 66 1.206 0 1.070 1.569 56 17 54 0 369 148 -671 0 1.596 11 12 13 14 15 16 17 18 19 20 18.626 28.495 26.017 35.576 31.833 28.690 44.059 32.471 34.306 43.818 21 5.984 2.810 324 2.390 460 6.100 575 525 4.204 796 4.868 2.510 292 1.587 479 6.875 4.850 456 -27 1.596 8.307 4.742 197 2.077 1.291 2.025 2.029 81 -1.292 1.207 15.026 8.811 234 4.958 1.023 5.966 8.638 375 -3.873 826 7.311 6.855 254 -365 567 4.203 2.717 176 770 540 22 23 24 25 26 373 1.246 137 1.121 647 567 1.096 1.403 698 -17 27 1.290 733 1.298 1.512 569 -284 719 678 621 1.492 28 FINANCIAL INSTITUTIONS SPONSORED CREDIT-AGENCIES MORTGAGE POOLS FEDERAL RESERVE SYSTEM 10.979 -32 3 -4.567 20.416 460 25 1.824 19.714 417 11 3.025 26.068 123 10 926 22.310 61 7 1.200 26.382 316 18 -866 27.218 976 38 -251 24.424 1.048 33 195 25.676 1.299 24 -701 38.140 337 17 2.105 29 30 31 32 33 34 35 36 37 COMMERCIAL BANKING COMMERCIAL BANKS BANK AFFILIATES FOREIGN BANKING OFFICES BANKS IN U.S. POSS. 5.841 5.655 0 209 -23 6.480 6.314 0 158 8 6.592 6.351 0 257 -16 8.685 8.488 0 171 26 3.661 3.668 0 -11 4 9.384 9.293 0 72 19 4.460 4.402 0 34 24 5.177 5.200 0 -66 43 4.912 5.066 0 -186 32 14.998 14.851 0 69 78 33 34 35 36 37 38 39 40 41 42 PRIVATE NONBANK FINANCE SAVINGS INSTITUTIONS SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS CREDIT UNIONS 9.734 2.532 1.364 1.037 131 11.627 3.334 2.157 1.017 160 9.669 3.016 2.045 905 66 16.324 5.044 3.078 1.723 243 17.381 5.910 3.779 1.814 317 17.530 6.615 4.326 2.051 238 21.995 8.265 5.850 2.038 377 17.971 7.395 4.931 2.057 407 20.142 7.309 5.004 1 .840 465 20.683 9.170 6.400 2.488 282 38 39 40 41 42 27 REST OF THE WORLD 28 U.S. GOVERNMENT 29 30 31 32 43 44 45 46 47 INSURANCE SECTOR LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT, RTR. FUND OTHER INSURANCE COS. 5.771 3.721 713 526 811 6.983 3.795 1.604 656 928 6.189 3.697 1.026 741 725 8.272 4.551 1.605 1.007 1.109 9.280 4.793 1.864 1.293 1.330 9.672 5.029 2.042 1.483 1.118 9.410 5.144 2.078 1.324 864 9.443 5.137 2.498 1.258 550 10.205 4.889 2.907 1.628 781 10.867 5.150 3.037 1.763 917 43 44 45 46 47 48 49 50 51 52 53 FINANCE N.E.C. FINANCE COMPANIES REITS OPEN-END INVESTMENT COS. MONEY MARKET FUNDS SECURITY BKRS. + DEALERS 1.431 931 0 261 0 239 1.310 1.392 0 197 0 -279 464 422 0 220 0 -178 3.008 2.129 0 515 0 364 2.191 1.718 0 361 0 112 1.243 666 0 421 0 156 4.320 3.806 0 608 0 -94 1.133 986 0 768 0 -621 2.628 1.314 0 840 0 474 646 -297 0 1.338 0 -395 48 49 50 51 52 53 TOTAL CLAIMS AND THEIR RELATION TO TOTAL FINANCIAL ASSETS TOTAL FUNDS RAISED (FROM PRECEDING TABLE) OTHER LIABILITIES: OFFICIAL FOREIGN EXCHANGE 2 3 TREASURY CURR. + SDR CTFS. 18.626 28.495 26.017 35.576 31.833 28.690 44.059 32.471 34.306 43.818 1 169 -19 -16 -10 -20 24 36 37 -95 34 -182 36 -141 2 564 19 367 36 -17 38 2 3 DEPOSITS AT FINANCIAL INSTS. DEMAND DEP. + CURRENCY TIME DEPOSITS AT BANKS DEP. AT SAVINGS INSTIT. SECURITY RP'S MONEY MARKET FUND SHARES 2.962 13 448 2.488 13 0 7.948 5.245 275 2.407 21 0 12.132 7.204 1.645 3.215 68 0 14.730 6.498 3.143 5.074 15 0 9.206 30 3.395 5.766 15 0 15.057 4.600 3.796 6.718 -57 0 10.545 2.293 1.307 7.130 -185 0 11.194 1.839 2.042 7.318 -5 0 11.536 -616 5.366 6.889 -103 0 22.624 5.726 7.938 8.899 61 0 4 5 6 7 8 9 10 11 LIFE INSURANCE RESERVES PENSION FUND RESERVES 2.751 2.837 2.945 3.927 2.728 3.566 2.888 4.768 2.982 4.880 2.702 5.122 2.905 5.627 3.470 6.039 2.738 6.750 3.073 7.305 10 11 12 13 14 15 16 SECURITY CREDIT TRADE DEBT PROFIT TAXES PAYABLE NONCORP. PROPRIETORS' EQUITY MISCELLANEOUS 794 66 -2.167 471 2.316 1.078 9.822 7.674 3.727 2.995 -402 2.958 4.900 1.571 1.911 552 1.822 -2.914 -16 3.193 852 -196 1.068 -241 2.657 2.134 4.195 -3.552 -2.126 3.107 981 10.593 3.723 -2.633 3.744 -637 4.834 -1.791 -1.769 5.551 -279 3.039 -1.948 -983 6.017 1.735 4.149 -2.530 -152 4.097 12 13 14 15 16 17 INTERBANK CLAIMS -3.447 2.521 2.907 -10 -176 -1.459 1.632 1.067 -738 -496 17 25.359 71.106 58.292 60.662 52.804 53.724 81.037 61.012 60.841 83.644 18 79 289 855 -199 573 -697 -10 212 -1.416 -647 1.660 -2.101 185 220 702 617 -508 586 -391 544 1.066 367 45 8 -1.214 55 -328 1.329 -157 400 -1.736 19 20 21 -28 129 13 163 990 -48 126 21 108 1.314 -49 -362 68 -299 -909 -66 67 15 746 534 -48 77 15 546 -388 -55 -49 -57 -520 443 -21 299 -225 835 998 -39 86 17 -21 -125 -44 -334 -103 59 217 -50 100 79 -66 446 22 23 24 25 26 22.869 69.908 61.057 60.454 51.495 53.267 77.932 61.483 59.990 84.628 27 1 4 5 6 7 8 9 18 TOTAL LIABILITIES ABOVE - FLOATS NOT INCL. IN ASSETS 19 DEMAND DEPOSITS-U.S. GOVT. 20 OTHER 21 TRADE CREDIT - LIABILITIES NOT ALLOCATED AS ASSETS TREASURY CURRENCY 22 23 INTERBANK CLAIMS 24 SECURITY RP'S 25 PROFIT TAXES PAYABLE 26 MISCELLANEOUS 27 TOTALS ALLOCATED TO SECTORS AS ASSETS (1) INCLUDES CORPORATE EQUITIES. MILLIONS OF DOLLARS OCTOBER 1979 TOTAL CLAIMS TOTAL CLAIMS 77 TOTAL FINANCIAL ASSETS AND LIABILITIES ANNUAL FLOWS, 1959->-68 ANNUAL FLOWS, 1959-68 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 TOTAL FUNDS RAISED AND ADVANCED IN CREDIT MARKETS (1) TOTAL FUNDS RAISED IN CREDIT MARKETS BY: NONFINANCIAL SECTORS U.S. GOVERNMENT FOREIGN PRIVATE DOMESTIC HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUS. CORPORATE BUSINESS ST.+LOC. GOVERNMENTS 1 61.674 42.598 52.993 62.440 68.604 76.422 84.006 80.964 86.466 115.447 2 3 4 5 6 7 8 9 10 53.444 7.077 825 45.542 22.615 1.932 2.332 12.198 6.465 37.682 -2.061 1.864 37.879 17.725 1.031 1.699 11.939 5.485 48.035 7.201 2.555 38.279 16.600 1.593 2.268 12.507 5.311 55.299 6.993 2.065 46.241 22.068 2.298 3.170 12.843 5.862 59.437 3.973 3.334 52.130 26.885 2.550 4.491 12.248 5.956 68.973 6.229 4.172 58.572 29.610 2.603 5.335 14.762 6.262 71.976 1.764 2.806 67.406 30.083 3.302 5.732 20.631 7.658 69.233 3.629 1.659 63.945 23.506 3.193 5.546 25.426 6.274 84.136 13.000 3.917 67.219 21.341 3.311 4.853 29.770 7.944 98.842 13.568 2.878 82.396 32.786 2.768 5.195 31.821 9.826 11 12 13 14 15 16 17 18 19 20 8.230 2.274 14 132 0 1.074 135 2. 824 0 1.777 4.916 638 -2 122 0 -295 79 2.930 0 1.444 4.958 681 88 178 0 1.023 256 562 0 2.170 7.141 1.499 123 96 0 1.224 143 2.334 1 1.721 9. 167 1.447 112 2 84 0 1.924 2 86 3.658 2 1.454 7.449 544 99 585 0 293 123 3.754 5 2.046 12.030 2.114 245 755 0 805 85 4.750 4 3.272 11.731 4.825 445 93 0 83 81 2.476 6 3.722 2.330 -621 674 232 0 -1.702 110 594 7 3.036 16.605 3.476 538 201 0 1.132 247 3.902 1.202 5.907 21 61.674 42.598 52.993 62.440 68.604 76.422 84.006 80.964 86.466 115.447 22 23 24 25 26 22.354 12.419 566 7. 867 1.502 2.070 7.039 27 -5.736 740 4.610 5.459 188 -1.132 95 2.960 1.891 471 -385 983 7.887 1.538 509 4.955 885 7.703 6.891 455 374 -17 7.112 3.529 626 -40 2.997 16.876 15.427 402 -858 1.905 827 1.999 288 -1.285 -175 14.022 8.956 550 2.710 1.806 27 3.226 1.349 879 1.487 923 533 -253 -1.920 2.696 2.392 REST OF THE WORLD 27 28 1.783 1.030 1.659 1.951 1.549 2.829 2.880 5.058 4.654 5.233 U.S. GOVERNMENT 28 29 30 31 32 34.311 2. 224 14 314 38.149 1.184 -2 738 45.845 1.036 88 1.481 56.042 1.616 123 1.984 58.245 1.554 112 2.856 65.357 709 99 3.381 74.267 2.258 245 3.828 60.950 5.068 445 3.513 78.289 -44 674 4.805 93.800 3.229 538 3.681 FINANCIAL INSTITUTIONS SPONSORED CREDIT AGENCIES MORTGAGE POOLS FEDERAL RESERVE SYSTEM 29 30 31 32 33 34 35 36 37 4.336 4.267 0 101 -32 9.022 8.903 0 92 27 15.565 15.099 0 436 30 19.233 19.013 0 141 79 17.282 17.416 0 -243 109 22.811 22.638 0 134 39 28.767 28.443 0 233 91 17.575 17.007 0 436 132 36.136 35.427 0 561 148 38.847 38.397 0 365 85 COMMERCIAL BANKING COMMERCIAL BANKS BANK AFFILIATES FOREIGN BANKING OFFICES BANKS IN U.S. POSS. 33 34 35 36 37 38 39 40 41 42 27.423 10.448 8.468 1.306 674 27.207 9.611 7.371 1.555 685 27.675 12.096 9.511 2.155 430 33.086 14.211 10.335 3.236 640 36.441 17.630 13.412 3.475 743 38.357 16.311 11.059 4.368 884 39.169 14.541 9.619 3.878 1.044 34.349 8.008 4.201 2.694 1.113 36.718 15.230 9.099 5.266 865 47.505 15.621 9.765 4.357 1.499 PRIVATE NONBANK FINANCE SAVINGS INSTITUTIONS SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS CREDIT UNIONS 38 39 40 41 42 43 44 45 46 47 12.077 5. 160 3.477 1.949 1.491 12.447 5.408 3.744 2.136 1.159 13.130 5.776 3.732 2.347 1.275 14.395 6.423 3.943 2.326 1.703 14.252 6.670 4.097 2.554 931 16.010 7.519 4.560 3.042 889 17.729 8.296 5.029 3.288 1.116 20.686 8.366 6.290 4.175 1.855 19.607 8.417 5.431 4.002 1.757 21.948 8.703 5.883 4.677 2.685 INSURANCE SECTOR LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT, RTR. FUND> OTHER INSURANCE COS. 43 44 45 46 47 48 49 50 51 52 53 4.898 3.450 0 1.381 0 67 5.149 3.490 0 1.031 0 628 2.449 1.057 0 1.583 0 -191 4.480 2.226 0 1.273 0 981 4.559 4.474 0 905 0 -820 6.036 4.235 0 1.132 0 669 6.899 4.762 0 2.057 0 80 5.655 2.268 0 2.488 0 899 1.881 518 0 1.339 0 24 9.936 5.167 830 3.475 0 464 FINANCE N.E.C. FINANCE COMPANIES REITS OPEN-END INVESTMENT COS. MONEY MARKET FUNDS SECURITY BKRS. + DEALERS 48 49 50 51 52 53 FINANCIAL SECTORS SPONSORED CREDIT AGENCIES MORTGAGE POOLS COMMERCIAL BANKS BANK AFFILIATES SAVINGS + LOAN ASSNS. OTHER INSURANCE COMPANIES FINANCE COMPANIES REITS OPEN-END INVESTMENT COS. TOTAL FUNDS ADVANCED IN CREDIT MARKETS BY: PRIVATE DOM. NONFIN. SECTORS HOUSEHOLDS NONFARM NONCORP. BUSINESS CORPORATE BUSINESS STATE + LOCAL GOVERNMENTS 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 TOTAL CLAIMS AND THEIR RELATION TO TOTAL FINANCIAL ASSETS TOTAL FUNDS RAISED (FROM PRECEDING TABLE) OTHER LIABILITIES: OFFICIAL FOREIGN EXCHANGE TREASURY CURR. + SDR CTFS. 1 61.674 42.598 52.993 62.440 68.604 76.422 84.006 80.964 86.466 115.447 2 3 39 39 -442 47 251 54 -643 20 84 46 -46 24 443 234 3 899 1.118 683 2.053 416 4 5 6 7 8 9 11.577 1.913 1.024 8.416 224 0 16.810 1.818 5.761 9.465 -234 0 26.886 5.884 9.391 11.335 276 0 33.925 5.214 15.560 13.102 49 0 34.457 4.963 14.355 15.176 -37 0 39.582 8.742 14.444 15.882 514 0 41.461 7.179 19.986 13.087 1.209 0 24.306 4.166 13.217 6.998 -75 0 55.688 14.994 23.914 16.795 -15 0 49.278 14.828 20.721 12.802 927 0 DEPOSITS AT FINANCIAL INSTS. DEMAND DEP. + CURRENCY TIME OEPOSITS AT BANKS DEP. AT SAVINGS INSTIT. SECURITY RP’S MONEY MARKET FUND SHARES 10 11 3.421 8.448 3.228 8.320 3.447 8.636 3.767 8.905 4.237 9.649 4.416 11.707 4.825 12.095 4.694 14.478 5.063 13.577 4.621 15.134 LIFE INSURANCE RESERVES PENSION FUND RESERVES 12 13 14 15 16 63 6.491 2. 128 -3.802 4.252 354 4.466 -1.225 -2.098 4.722 2.249 5.037 408 -965 6.154 648 4.217 1.501 -466 4.563 2.653 7.170 1.168 644 7.435 -84 7.583 710 -577 7.627 1.124 13.108 2.189 96 7 7.736 775 10.685 160 659 9.020 7.023 8.729 -4.920 -277 10.567 6.582 18.066 3.021 1.288 13.064 SECURITY CREDIT 12 TRADE DEBT 13 14 PROFIT TAXES PAYABLE NONCORP. PROPRIETORS' EQUITY 15 MISCELLANEOUS 16 17 381 -5 2.008 641 -775 1.094 644 5.974 2.319 5.819 18 94.711 76.775 107.158 119.518 135.372 148.458 168.832 152.617 186.036 234.789 19 20 21 -4 -547 671 -181 402 -510 9 1.152 -3.041 357 -66 -542 40 308 374 -265 826 -1.353 257 346 -777 -283 1.961 -3.506 124 -502 -1.796 387 1.213 -2.614 22 23 24 25 26 -38 226 224 -188 -559 -40 76 -237 128 -1.385 -133 689 279 -113 945 38 -675 49 747 -544 35 -53 -37 -758 705 197 -595 178 258 -22 64 227 952 768 -36 157 826 -426 1.272 -871 216 33 259 -23 829 249 597 357 1.076 1.440 27 94.926 78.522 107.371 120.154 134.758 149.234 167.031 153.487 186.896 232.084 INTERBANK CLAIMS 4 5 6 7 8 9 10 11 17 TOTAL LIABILITIES ABOVE - FLOATS NOT INCL. IN ASSETS DEMAND DEPOSITS-U.S. GOVT. OTHER TRADE CREDIT - LIABILITIES NOT ALLOCATED AS ASSETS TREASURY CURRENCY INTERBANK CLAIMS SECURITY RP'S PROFIT TAXES PAYABLE MISCELLANEOUS 22 23 24 25 26 TOTALS ALLOCATED TO SECTORS AS ASSETS 27 (II INCLUDES CORPORATE EQUITIES. MILLIONS OF DOLLARS 1 2 3 18 19 20 21 OCTOBER 1979 TOTAL CLAIMS 78 TOTAL CLAIMS TOTAL FINANCIAL ASSETS AND LIABILITIES ANNUAL FLOWS, 1969-78 ANNUAL FLOWS, 1969-78 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 TOTAL FUNDS RAISED AND ADVANCED IN CREDIT MARKETS (1) 1 TOTAL FUNDS RAISED IN CREDIT MARKETS BY: NONFINANCIAL SECTORS U.S. GOVERNMENT FOREIGN PRIVATE DOMESTIC HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUS. CORPORATE BUSINESS ST.+LOC. GOVERNMENTS 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 FINANCIAL SECTORS SPONSORED CREDIT AGENCIES MORTGAGE POOLS COMMERCIAL BANKS BANK AFFILIATES SAVINGS + LOAN ASSNS. OTHER INSURANCE COMPANIES FINANCE COMPANIES REITS OPEN-END INVESTMENT COS. 21 TOTAL FUNDS ADVANCED IN CREDIT MARKETS BY: PRIVATE DOM. NONFIN. SECTORS HOUSEHOLDS NONFARM NONCORP. BUSINESS CORPORATE BUSINESS STATE + LOCAL GOVERNMENTS 22 23 24 25 26 126.573 118.956 168.374 202.617 247.968 230.775 223.538 295.996 392.513 481.724 1 94.121 -3.664 3.650 94.135 34.499 3.034 7.351 38.579 10.672 101.084 11.851 2.870 86.363 25.173 2.305 6.922 40.655 11.308 153.942 24.898 5.080 123.964 44.879 4.468 11.709 45.207 17.701 176.780 15.075 4.025 157.680 65.094 5.828 14.083 58.169 14.506 203.131 8.266 6.097 188.768 80.057 9.562 12.903 73.048 13.198 191.565 11.791 15.419 164.355 51.269 8.028 7.409 82.141 15.508 210.798 85.405 13.336 112.057 49.699 8.780 1.963 37.878 13.737 271.911 69.027 20.847 182.037 90.513 10.916 4.706 60.687 15.215 338.520 56.763 13.907 267.850 139.927 14.747 12.927 79.886 20.363 400.310 53.681 32.268 314.361 162.623 18.059 15.366 94.749 23.564 2 3 4 5 6 7 8 9 10 32.452 8.783 678 -215 4.294 4.104 549 7.797 1.533 4.929 17.872 8.234 1.551 225 -1.945 1.845 393 2.637 2.162 2.770 14.432 1.142 4.771 1.479 -376 -66 599 2.665 2.931 1.287 25.837 3.521 4.878 2.305 664 1.660 456 6.570 6.312 -529 44.837 16.295 3.636 1.224 2.244 6.025 538 9.541 6.545 -1.211 39.210 17.297 5.759 1.155 3.451 4.785 863 6.017 595 -712 12.740 3.206 10.339 1.189 322 -2.312 959 506 -1.393 -76 24.085 2.938 15.663 2.282 -795 50 908 6.440 -2.412 -989 53.993 5.784 20.488 1.126 1.276 9.923 940 17.615 -2.229 -930 81.414 23.069 18.344 1.320 6.700 14.312 1.086 18.572 -1.009 -980 11 12 13 14 15 16 17 18 19 20 126.573 118.956 168.374 202.617 247.968 230.775 223.538 295.996 392.513 481.724 21 39.205 34.581 404 -1.051 5.271 1.372 -1.223 696 2.078 -179 -5.126 -8.932 339 5.814 -2.347 16.025 5.971 545 1.743 7.766 39.026 31.986 1.362 323 5.355 45.068 36.588 716 7.533 231 42.229 27.053 769 11.777 2.630 36.622 19.553 1.127 7.999 7.943 40.232 30.463 1.598 -5.797 13.968 65.191 51.796 1.45 8 -2.633 14.570 22 23 24 25 26 27 REST OF THE WORLD 1.082 11.167 27.271 10.845 3.362 11.743 10.796 17.932 42.036 40.133 27 28 U.S. GOVERNMENT 3.137 2.789 2.817 1. 838 2.817 9.817 15.085 8.912 11.831 20.407 28 29 30 31 32 FINANCIAL INSTITUTIONS SPONSORED CREDIT AGENCIES MORTGAGE POOLS FEDERAL RESERVE SYSTEM 83.149 8.589 678 4.223 103.628 8.805 1.551 4.981 143.412 1.079 4.771 8. 866 173.909 3.969 4.878 271 202.763 15.500 3.636 9.227 164.147 20.781 5.759 6.150 155.428 4.497 10.339 8.537 232.530 4.665 15.663 9.834 298.414 6.301 20.488 7.144 355.993 26.255 18.344 6.950 29 30 31 32 33 34 35 36 37 COMMERCIAL BANKING COMMERCIAL BANKS BANK AFFILIATES FOREIGN BANKING OFFICES BANKS IN U.S. POSS. 18.971 13.347 3.946 1.448 230 35.678 33.346 -992 3. 189 135 50.399 50.348 -114 -146 311 70.314 69.045 -242 1.224 287 84.688 78.436 1.702 4.441 109 66.811 58.256 916 7.174 465 29.395 28.425 -526 1.131 365 59.660 54.915 -302 4.418 629 87.650 81.790 577 4.970 313 128.787 109.893 -953 19.606 241 33 34 35 36 37 38 39 40 41 42 PRIVATE NONBANK FINANCE SAVINGS INSTITUTIONS SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS CREDIT UNIONS 50.688 14.792 9.722 3.002 2.068 52.613 17.773 12.343 4.060 1.370 78.297 39.865 28.078 9.740 2.047 94.477 47.858 34.843 10.147 2.868 89.712 35.428 27.140 4.701 3.587 64.646 24.374 18.315 3.337 2.722 102.660 53.672 37.429 10.877 5.366 142.708 70.870 51.666 12.556 6.648 176.831 82.350 63.549 11.507 7.294 175.657 75.927 58.611 8.552 8.764 38 39 40 41 42 43 44 45 46 47 INSURANCE SECTOR LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT, RTR. FUND OTHER INSURANCE COS. 23.037 8.643 6.180 5.616 2.598 26.645 8.964 6.588 6.271 4.822 31.777 11.794 7.276 6.459 6.248 34.366 13.204 6.292 8.229 6.641 38.313 15.861 7.540 9.094 5.818 36.506 15.244 7.918 9.244 4.100 49.887 18.846 12.795 11.658 6.588 64.176 26.646 10.949 13.144 13.437 78.369 28.640 15.619 15.446 18.664 83.478 32.797 13.914 18.785 17.982 43 44 45 46 47 48 49 50 51 52 53 FINANCE N.E.C. FINANCE COMPANIES RE ITS OPEN-END INVESTMENT COS. MONEY MARKET FUNDS SECURITY BKRS. + DEALERS 12.859 8.560 1.177 2.626 0 496 8.195 2.165 1.897 1.693 0 2.440 6.655 5.150 2.299 444 0 -1.238 12.253 9.363 4.193 -1.838 0 535 15.971 11.518 5.560 -2.016 0 909 3.766 5.006 189 -793 757 -1.393 -899 1.415 -4.796 -434 698 2.218 7.662 8.792 -3.807 -1.367 63 8 3.406 16.112 19.890 -2.351 -1.358 -146 77 16.252 18.266 -1.049 -1.479 3.191 -2.677 48 49 50 51 52 53 TOTAL CLAIMS AND THEIR RELATION TO TOTAL FINANCIAL ASSETS TOTAL FUNOS RAISED (FROM PRECEDING TABLE) OTHER LIABILITIES: 2 OFFICIAL FOREIGN EXCHANGE 3 TREASURY CURR. + SDR CTFS. 126.573 118.956 168.374 202.617 247.968 230.775 223.538 295.996 392.513 481.724 1 287 272 -2.541 622 -1.731 490 -188 533 -200 422 1.262 445 541 937 2.452 1.189 -7 300 199 524 2 3 DEPOSITS AT FINANCIAL INSTS. DEMAND DEP. + CURRENCY TIME DEPOSITS AT BANKS DEP. AT SAVINGS INSTIT. SECURITY RP’S MONEY MARKET FUND SHARES 11.671 7.913 -9.465 7.927 5.296 0 63.231 12.374 37.965 17.046 -4.154 0 103.130 17.534 41.363 40.526 3.707 0 115.588 24.212 42.433 46.007 2.936 0 111.430 16.251 50.691 27.824 16.664 0 91.018 6.606 56.829 22.132 3.072 2.379 108.216 15.649 30.286 59.436 1.528 1.317 146.445 23.161 40.295 69.165 13.834 -10 168.215 30.968 54.695 69.855 12.496 201 180.265 28.230 65.042 59.173 20.899 6.921 4 5 6 7 8 9 10 11 LIFE -INSURANCE RESERVES PENSION FUND RESERVES 4.978 16.529 5.465 18.446 6.348 21.100 6.857 22.557 7.589 25.384 6.679 29.563 8.661 34.865 8.396 44.239 11.617 53.701 12.016 65.838 10 11 12 13 14 15 16 SECURITY CREDIT TRADE DEBT PROFIT TAXES PAYABLE NONCORP. PROPRIETORS' EQUITY MISCELLANEOUS -6.658 22.581 -3.120 -210 10.474 -799 9.782 -3.145 -558 15.387 3.845 11.549 1.837 -1.540 15.267 8.669 24.007 -85 -3.135 23.683 -7.945 42.724 2.536 -1.888 23.499 -4.769 35.126 1.171 -13.269 18.792 3.736 12.424 -2.661 -10.373 22.118 12.680 23.454 7.976 -15.584 35.045 6.054 26.957 -628 -16.662 32.271 357 50.023 5.194 -20.759 52.614 12 13 14 15 16 17 INTERBANK CLAIMS 1 4 5 6 7 8 9 18 TOTAL LIABILITIES ABOVE - FLOATS NOT INCL. IN ASSETS 19 DEMAND DEPOSITS-U.S. GOVT. 20 OTHER 21 TRADE CREDIT - LIABILITIES NOT ALLOCATED AS ASSETS 22 TREASURY CURRENCY INTERBANK CLAIMS 23 24 SECURITY RP’S 25 PROFIT TAXES PAYABLE 26 MISCELLANEOUS 27 TOTALS ALLOCATED TO SECTORS AS ASSETS (1) INCLUDES CORPORATE EQUITIES. MILLIONS OF DOLLARS 12.433 -2.977 -1.741 -4.903 -358 61 -8.931 -9.202 -3.422 15.630 17 195.810 221.869 326.928 396.200 451.161 396.854 393.071 553.086 670.909 843.625 18 -528 2.792 -2.132 50 1.904 -233 -182 2,028 -2.019 577 3.507 -4.426 341 -636 3.723 -81 610 -605 -118 2.368 2.541 -992 303 -1.156 1.458 1.175 -6.521 -334 -329 -12.253 19 20 21 219 -131 2.696 -437 4.887 -79 646 -1.956 -779 3.033 12 -1.049 2.752 -241 1.278 -153 -4.732 426 -111 2.091 19 477 1.367 485 -3.888 -92 2.618 3.912 -145 -3.149 -22 -1.510 2.674 -166 2.665 -209 -1.036 9.598 249 3.703 -271 -7.564 7.256 -958 4.093 -41 693 9.433 38 2.985 22 23 24 25 26 188.444 219.283 324.349 399.021 449.273 393.786 384.639 542.626 672.241 843.433 27 OCTOBER 1979 SAVING BY INDIVIDUALS SAVING BY INDIVIDUALS 79 AMOUNT AND COMPOSITION OF ANNUAL FLOWS, INDIVIDUALS’ SAVING (1) ANNUAL FLOWS, 1949-58 1949-58 1949 1950 1951 1952 1953 1954 195 5 1956 1957 1958 1 2 3 4 9. 909 -2.004 2. 597 0 13.722 2.630 2.393 0 19.143 4.593 4.738 0 23.207 1.602 7.804 0 22.784 971 8.145 0 22.176 2.176 9.149 0 28.001 1.190 8.630 0 30.203 1.785 9.384 0 28.635 -444 11.922 0 31.628 3.777 13.853 0 5 6 7 8 9 2.097 1.463 -334 -59 691 -93 252 -850 -5 548 1.616 -471 -579 157 338 4.154 92 437 -53 2.014 3.750 198 623 -163 1.829 896 595 -2.153 6 2.523 7.550 263 1.597 511 3.451 7.054 -94 1.366 484 2.152 4.917 -1.909 1.860 685 1.690 152 -523 -2.206 -561 813 SECURITIES U.S. SAVINGS BONDS OTHER U.S. TREASURY SEC. U.S. GOVT. AGENCY SEC. STATE + LOCAL OBLIGATIONS 5 6 7 8 9 10 11 12 13 -406 47 327 368 -797 82 239 438 214 131 297 1.529 -24 46 531 1.111 -98 3 87 408 566 -925 25 522 303 529 244 780 175 1.113 48 1.049 936 933 114 1.070 474 1.219 -137 1.596 -49 CORPORATE ♦ FOREIGN BONDS OPEN MARKET PAPER INVESTMENT COMPANY SHARES OTHER CORPORATE EQUITIES 10 11 12 13 14 15 16 17 18 2.667 625 636 1.660 1.631 2.636 775 1.694 1.767 1.920 2.555 975 1.121 1.643 1.902 2.845 1.125 1.658 2.028 1.991 2.908 1. 125 1.901 1.928 2.056 3.001 1.175 2.041 1.607 2.131 3.070 1.325 2.309 1.828 2.099 3.167 1.175 2.727 2.440 2.471 2.651 1.600 3.040 2.197 2.752 3.017 1.500 3.101 2.760 3.468 19 20 21 22 23 45.608 11.245 10.670 25.047 -1.354 60.622 14.904 12.998 30.754 1.966 58.730 15.292 11.880 29.814 1.744 56.183 15.160 10.973 29.148 902 59.985 16.405 11.446 32.499 -365 61.062 17.054 11.784 31.840 384 73.575 21.438 12.490 38.621 1.026 71.039 20.750 12.591 37.887 -189 72.500 18.636 13.777 39.334 753 69.969 17.981 14.096 36.846 1 .046 GROSS INV. IN TANGIBLE ASSETS NONFARM HOMES NONRESID. FIXED ASSETS (2) CONSUMER DURABLES INVENTORIES (2) 19 20 21 22 23 24 25 26 27 24.377 2. 835 7.363 14.179 26.904 3.100 7.995 15.809 31.276 3.552 9.202 18.522 34.445 3.864 9.846 20.735 37.485 4. 108 10.326 23.051 39.949 4.363 10.659 24.927 42.538 4.774 11.082 26.682 46.217 5.145 11.887 29.185 49.711 5.455 12.472 31.784 52.279 5.906 12.883 33.490 CAPITAL CONSUMPTION ALLOWANCES NONFARM HOMES NONRESID. FIXED ASSETS (2) CONSUMER DURABLES 24 25 26 27 28 29 30 31 32 21.231 8. 410 3.307 10.868 -1.354 33.718 11.804 5.003 14.945 1.966 27.454 11.740 2.678 11.292 1.744 21.738 11.296 1.127 8.413 902 22.500 12.297 1.120 9.448 -365 21.113 12.691 1.125 6.913 384 31.037 16.664 1.408 11.939 1.026 24.822 15.605 704 8.702 -189 22.789 13.181 1.305 7.550 753 17.690 12.075 1.213 3.356 1.046 NET INV. IN TANGIBLE ASSETS NONFARM HOMES NONRESID. FIXED ASSETS (2) CONSUMER DURABLES INVENTORIES <21 28 29 30 31 32 33 34 35 36 37 38 39 9. 823 4.422 1.228 3. 184 272 199 518 16.547 6.714 2.105 4.789 700 190 2.049 11.849 6.624 1.748 1.627 -126 194 1.782 14.286 6.212 1.739 5.283 176 137 739 13.728 7.624 1.340 4.185 463 220 -104 15.617 6.686 1.816 1.456 1.099 235 2.325 25.671 12.161 2.072 7.156 685 193 3.404 18.314 11.233 1.725 3.920 -43 254 1.225 15.619 8.881 1.584 2.923 -408 385 2.254 15.962 9.463 2.625 511 1.157 359 1.847 NET INCREASE IN DEBT MTG. DEBT ON NONFARM HOMES OTHER MORTGAGE DEBT (2) CONSUMER CREDIT SECURITY CREDIT POLICY LOANS OTHER DEBT (2) 33 34 35 36 37 38 39 40 41 42 21.317 1.660 10.868 30.893 1.767 14.945 34.748 1.643 11.292 30.659 2.028 8.413 31.556 1.928 9.448 27.672 1.607 6.913 33.367 1.828 11.939 36.711 2.440 8.702 35.805 2.197 7.550 33.356 2.760 3.356 40 41 42 43 44 45 20 22 8.747 56 31 14.094 100 -2 21.715 80 -31 20.169 64 -58 20.174 130 -25 19.047 222 -49 19.427 293 -61 25.337 284 -69 25.843 316 -57 26.981 INDIVIDUALS’ SAVING (1+28-33) - GOVT. INSURANCE ♦ PEN. RES. - NET INVESTMENT IN CONS. DUR. - CAPITAL GAINS DIVIDENDS FROM INVESTMENT COMPANIES - NET SAVING BY FARM CORPS. = PERSONAL SAVING, F/F BASIS 46 6.740 10.838 14.796 16.017 16.977 15.557 14.900 19.662 20.563 21.687 PERSONAL SAVING, NIA BASIS 46 47 2.007 3.256 6.919 4.152 3.197 3.490 4.527 5.675 5.280 5.294 DIFFERENCE 47 INCREASE IN FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY SAVINGS ACCOUNTS MONEY MARKET FUND SHARES PRIVATE LIFE INSURANCE RES. PRIVATE INSURED PENSION RES. PRIVATE NONINSURED PEN. RES. GOVT. INSURANCE + PEN. RES. MISCELLANEOUS FINAN. ASSETS (1) COMBINED STATEMENT FOR HOUSEHOLDS, FARM BUSINESS, AND NONFARM NONCORPORATE BUSINESS. (2) MILLIONS OF DOLLARS INCLUDES CORPORATE FARMS. 1 2 3 4 14 15 16 17 18 43 44 45 OCTOBER 1979 SAVING BY INDIVIDUALS 80 SAVING BY INDIVIDUALS AMOUNT AND COMPOSITION OF INDIVIDUALS’ ANNUAL FLOWS, SAVING (1) ANNUAL FLOWS, 1959-68 1959-68 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1 INCREASE IN FINANCIAL ASSETS 2 DEMAND DEPOSITS + CURRENCY 3 SAVINGS ACCOUNTS MONEY MARKET FUND SHARES 4 37.401 829 11.096 0 32.465 974 12.050 0 35.927 -927 18.289 0 40.624 -1.218 26.137 0 47.253 4.168 26.251 0 56.064 5.239 26.083 0 59.045 7.539 27.830 0 58.374 2.370 19.024 0 70.420 9.850 35.300 0 76.186 11.083 31.088 0 1 2 3 4 5 6 7 8 9 SECURITIES U.S. SAVINGS BONDS OTHER U.S. TREASURY SEC. U.S. GOVT. AGENCY SEC. STATE + LOCAL OBLIGATIONS 10.322 -1.796 6.007 1.728 4.184 4.272 -265 464 -454 2.615 2.223 803 -344 179 1.206 -213 523 1.308 433 -512 54 1.181 -825 355 490 5.394 911 347 1.229 2.641 3.090 635 206 1.238 1.785 13.387 554 2.278 4.801 4.031 -56 970 193 484 -2.334 6.115 647 4.239 1.394 -541 5 6 7 8 9 10 11 12 13 CORPORATE + FOREIGN BONDS OPEN MARKET PAPER INVESTMENT COMPANY SHARES OTHER CORPORATE EQUITIES 448 -868 1.777 -1.158 695 1.740 1.444 -1.967 -141 196 2.170 -1.846 -480 546 1.721 -3.752 170 1.234 1.454 -4.005 -503 900 2.046 -2.177 482 800 3.272 -5.328 1.332 1.025 3.722 -4.356 3.877 926 3.036 -7.208 4.294 2.511 5.907 -12.336 10 11 12 13 3.312 1.975 3.663 2.919 3.285 3.152 1.275 3.961 3. 160 3.621 3.354 1.400 3.939 3.390 4.259 3.642 1.375 4.181 3.474 3.246 4.106 1.675 4.253 3.852 2.894 4.312 1.950 5.468 4.393 3.225 4.691 2.075 5.411 4.743 3.666 4.587 2.100 6.899 5.586 4.421 4.983 1.607 6.562 5.488 6.686 4.635 2.469 6.509 6.142 8.145 14 15 16 17 18 19 GROSS INV. IN TANGIBLE ASSETS 20 NONFARM HOMES NONRESID. FIXED ASSETS (2) 21 22 CONSUMER DURABLES 23 INVENTORIES (21 81.467 22.291 15.811 42.436 929 80.788 21.080 15.532 43.109 1.067 77.684 19.093 16.766 41.573 252 87.159 20.191 18.738 46.703 1.527 95.357 21.077 21.316 51.432 1.532 100.960 21.997 22.252 56.320 391 111.522 21.899 24.591 62.786 2.246 114.929 21.380 24.771 67.663 1.115 115.922 20.100 24.877 69.646 1.299 133.310 24.733 27.742 79.995 840 19 20 21 22 23 24 CAPITAL CONSUMPTION ALLOWANCES 25 NONFARM HOMES 26 NONRESID. FIXED ASSETS (2) 27 CONSUMER DURABLES 55.214 6.403 13.316 35.495 56.787 6.788 13.540 36.459 58.313 7.084 13.754 37.475 59.863 7.383 14.009 38.471 61.667 7.695 14.348 39.624 64.263 8.112 14.908 41.243 66.594 8.457 15.596 42.541 70.143 8.790 16.479 44.874 75.555 9.206 17.638 48.711 83.413 10.478 19.191 53.744 24 25 26 27 28 NET INV. IN TANGIBLE ASSETS 29 NONFARM HOMES 30 NONRESID. FIXED ASSETS (2) 31 CONSUMER DURABLES 32 INVENTORIES (2) 26.253 15.888 2.495 6.941 929 24.001 14.292 1.992 6.650 1.067 19.371 12.009 3.012 4.098 252 27.296 12.808 4.729 8.232 1.527 33.690 13.382 6.968 11.808 1.532 36.697 13.885 7.344 15.077 391 44.928 13.442 8.995 20.245 2.246 44.786 12.590 8.292 22.789 1.115 40.367 10.894 7.239 20.935 1.299 49.897 14.255 8.551 26.251 840 28 29 30 31 32 33 NET INCREASE IN DEBT MTG. DEBT ON NONFARM HOMES 34 35 OTHER MORTGAGE DEBT (2) 36 CONSUMER CREDIT SECURITY CREDIT 37 POLICY LOANS 38 39 OTHER DEBT (2) 28.100 12.837 3.012 8.039 14 470 3.72 8 20.839 11.691 2.462 4.363 -138 653 1.808 21.226 12.195 3.917 2.531 1.338 559 686 27.598 14.148 4.428 6.282 -126 544 2.322 35.779 16.249 5.408 8.888 1.957 460 2.817 37.100 17.475 6.561 9.786 -205 524 2.959 40.199 17.012 6.538 10.616 736 580 4.717 31.110 13.806 5.493 6.542 -73 1.489 3.853 33.176 12.529 6.639 5.681 3.684 992 3.651 43.862 17.058 6.297 11.519 2.918 1.290 4.780 33 34 35 36 37 38 39 40 INDIVIDUALS’ SAVING (1+28-33) 41 - GOVT. INSURANCE + PEN. RES. 42 - NET INVESTMENT IN CONS. DUR. - CAPITAL GAINS DIVIDENDS 43 FROM INVESTMENT COMPANIES 44 - NET SAVING BY FARM CORPS. 45 = PERSONAL SAVING, F/F BASIS 35.554 2.919 6.941 35.627 3.160 6.650 34.072 3.390 4.098 40.322 3.474 8.232 45.164 3.852 11.808 55.661 4.393 15.077 63.774 4.743 20.245 72.050 5.586 22.789 77.611 5.488 20.935 82.221 6.142 26.251 40 41 42 427 -66 25.333 416 -66 25.467 499 -64 26.149 502 -40 28.154 472 -161 29.193 556 -59 35.694 939 -9 37.856 1.318 22 42.335 1.690 -28 49.526 2.458 -39 47.409 43 44 45 46 PERSONAL SAVING, NIA BASIS 18.810 17.066 20.171 20.395 18.794 26.132 30.276 33.000 40.869 38.071 46 6.523 8.401 5. 978 7.759 10.399 9.562 7.580 9.335 8.657 9.338 47 14 15 16 17 18 PRIVATE LIFE INSURANCE RES. PRIVATE INSURED PENSION RES. PRIVATE NONINSURED PEN. RES. GOVT. INSURANCE + PEN. RES. MISCELLANEOUS FINAN. ASSETS 47 DIFFERENCE (1) COMBINED STATEMENT FOR HOUSEHOLDS, FARM BUSINESS, AND NONFARM NONCORPORATE BUSINESS. (2) INCLUDES CORPORATE FARMS. MILLIONS OF DOLLARS OCTOBER 1979 SAVING BY INDIVIDUALS SAVING BY INDIVIDUALS AMOUNT AND COMPOSITION OF ANNUAL FLOWS, INDIVIDUALS’ 81 SAVING (11 ANNUAL FLOWS, 1969-78 1969-78 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1 2 3 4 64.522 -2.472 9.094 0 78.759 8.900 43.585 0 102.996 12.173 67.770 0 128.774 13.922 74.450 0 148.475 14.094 63.783 0 142.395 7.089 55.904 2.379 167.240 4.004 84.044 1.317 208.078 14.947 109.297 -10 241.733 22.684 109.202 201 275.331 18.330 105.182 6.921 5 6 7 8 9 32.359 -96 11.064 5.009 9.287 -2.994 319 -11.308 4.638 -852 -10.242 2.327 -10.718 -1.797 97 -442 3.251 -155 -3.496 2.255 28.552 2.687 14.484 1.610 5.285 32.325 2.984 12.664 3.773 8.302 23.355 4.025 15.745 -2.992 6.201 11.558 4.655 1.548 3.314 2.534 18.547 4.744 5.616 5.356 2.607 37.326 3.929 13.344 9.747 3.312 SECURITIES U.S. SAVINGS BONDS OTHER U.S. TREASURY SEC. U.S. GOVT. AGENCY SEC. STATE + LOCAL OBLIGATIONS 5 6 7 8 9 10 11 12 13 5.361 5.343 4.929 -8.538 9.466 -3.765 2.770 -4.262 8.787 -3.822 1.287 -6.403 4.971 -1.659 -529 -5.080 2.028 9. 127 -1.211 -5.458 5.113 1.709 -712 -1.508 8.350 -4.446 -76 -3.452 5.791 -3.129 -989 -2.166 -3.282 9.629 -930 -5.193 -1.366 14.579 -980 -5.239 CORPORATE + FOREIGN BONDS OPEN MARKET PAPER INVESTMENT COMPANY SHARES OTHER CORPORATE EQUITIES 10 11 12 13 14 15 16 17 18 4.912 3. 180 6.342 7.073 4.034 5.359 2.759 6.913 8.880 5.357 6.277 4.624 7.079 9.468 5.847 6.705 4.408 6.665 11.636 11.430 7.414 5.504 8.265 11.790 9.073 6.564 6.425 10.702 12.551 8.456 8.523 8.086 11.814 15.103 10.994 8.210 15.340 11.234 17.851 19.651 11.396 13.876 17.682 22.364 25.781 11.694 19.454 19.629 27.077 29.718 19 20 21 22 23 144.444 26.292 31.629 85.478 1.045 142.423 24.490 32.623 84.931 379 167.878 32.441 35.614 97.087 2.736 195.379 40.715 41.542 111.241 1.881 218.573 45.227 45.042 123.714 4.590 201.752 42.885 40.883 122.001 -4.017 215.010 42.968 39.728 132.639 -32 5 257.044 57.455 42.978 157.396 -785 308.627 76.326 50.733 178.835 2.733 352.170 92.021 57.270 200.300 2.579 GROSS INV. IN TANGIBLE ASSETS NONFARM HOMES NONRESID. FIXED ASSETS (2) CONSUMER DURABLES INVENTORIES (2) 19 20 21 22 23 24 25 26 27 92.623 12.056 21.319 59.248 100.789 12.833 23.222 64.734 109.386 13.685 24.851 70.850 116.519 14.717 25.695 76.107 128.966 17.068 29.315 82.583 147.190 19.768 34.060 93.362 167.803 22.167 39.635 106.001 184.460 24.391 43.224 116.845 203.769 28.244 47.572 127.953 228.656 32.839 52.976 142.841 CAPITAL CONSUMPTION ALLOWANCES NONFARM HOMES NONRESID. FIXED ASSETS (2) CONSUMER DURABLES 24 25 26 27 28 29 30 31 32 51.821 14.236 10.310 26.230 1.045 41.634 11.657 9.401 20.197 379 58.492 18.756 10.763 26.237 2.736 78.860 25.998 15.847 35.134 1.881 89.607 28.159 15.727 41.131 4.590 54.562 23.117 6.823 28.639 -4.017 47.207 20.801 93 26.638 -325 72.584 33.064 -246 40.551 -785 104.858 48.082 3.161 50.882 2.733 123.514 59.182 4.294 57.459 2.579 NET INV. IN TANGIBLE ASSETS NONFARM HOMES NONRESID. FIXED ASSETS 12) CONSUMER DURABLES INVENTORIES (2) 28 29 30 31 32 33 34 35 36 37 38 39 42.642 18.543 6.704 10.793 -3.402 2. 604 7.400 34.336 14.135 8.454 5.371 -1.780 2.308 5.848 62.808 26.398 13.289 14.682 2.666 1.013 4.760 90.779 41.523 16.761 19.844 4.469 950 7.232 99.672 47.109 15.919 26.022 -4.337 2.221 12.738 68.025 35.397 12.726 9.930 -1.806 2.699 9.079 64.454 38.069 7.423 9.674 726 1.618 6.944 116.047 61.270 10.842 25.576 4.769 1.368 12.222 173.761 93.191 18.912 40.557 3.107 1.726 16.268 200.608 103.827 21.031 50.579 1.355 2.596 21.220 NET INCREASE IN DEBT MTG. DEBT ON NONFARM HOMES OTHER MORTGAGE DEBT (2) CONSUMER CREDIT SECURITY CREDIT POLICY LOANS OTHER DEBT (2) 33 34 35 36 37 38 39 40 41 42 73.701 7.073 26.230 86.057 8.880 20.197 98.680 9.468 26.237 116.855 11.636 35.134 138.410 11.790 41.131 128.932 12.551 28.639 149.993 15.103 26.638 164.615 17.851 40.551 172.830 22.364 50.882 198.237 27.077 57.459 40 41 42 43 44 45 2. 536 -25 37.887 923 -102 56.159 776 -101 62.300 1.420 277 68.559 944 352 84.192 485 -141 87.397 219 -32 108.065 470 -499 106.241 63 6 -766 99.714 711 -825 113.815 INDIVIDUALS’ SAVING (1+28-33) - GOVT. INSURANCE + PEN. RES. - NET INVESTMENT IN CONS. DUR. - CAPITAL GAINS DIVIDENDS FROM INVESTMENT COMPANIES - NET SAVING BY FARM CORPS. = PERSONAL SAVING, F/F BASIS 43 44 45 46 35.109 50.574 57.336 49.370 70.324 71.653 83.646 68.583 64.959 72.025 PERSONAL SAVING, NIA BASIS 46 47 2.778 5.585 4.964 19.189 13.868 15.744 24.419 37.658 34.755 41.790 DIFFERENCE 47 (1) INCREASE IN FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY SAVINGS ACCOUNTS MONEY MARKET FUND SHARES PRIVATE LIFE INSURANCE RES. PRIVATE INSURED PENSION RES. PRIVATE NONINSURED PEN. RES. GOVT. INSURANCE + PEN. RES. MISCELLANEOUS FINAN. ASSETS COMBINED STATEMENT FOR HOUSEHOLDS, FARM BUSINESS, AND NONFARM NONCORPORATE BUSINESS. (2) MILLIONS OF DOLLARS INCLUDES CORPORATE FARMS. 1 2 3 4 14 15 16 17 18 OCTOBER 1979 DISCREPANCIES DISCREPANCIES DISCREPANCIES - SUMMARY FOR SECTORS AND TRANSACTIONS 82 ANNUAL FLOWS, ANNUAL FLOWS, 1949-58 1949 1950 1951 1952 1953 1954 1955^ 1949-58 1956 1957 1958 SECTOR DISCREPANCIES 1 TOTAL, ALL SECTORS 2 HOUSEHOLDS NONFIN. CORPORATE BUSINESS 3 STATE + LOCAL GOVERNMENTS 4 5 U. S. GOVERNMENT 6 FOREIGN 7 8 9 10 11 12 13 14 15 16 FINANCIAL SECTORS SPONSORED AGENCIES MONETARY AUTHORITIES COMMERCIAL BANKS PRIVATE NONBANK FINANCE SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE OTHER INSURANCE FINANCE N.E.C. 1.497 -2.007 1.855 554 -268 715 -856 -3.256 1.934 107 845 -115 -6.792 -6.919 -1.305 98 177 357 -2.399 -4.154 79 1.105 183 485 -2.037 -3.196 -457 837 130 210 -2.560 -3.490 1.393 1.298 -687 52 648 -4.528 2.819 1.666 -44 355 320 -5.677 2.911 1.208 985 356 674 -5.281 2.855 1.296 232 965 -2.645 -5.290 2.537 640 -148 252 1 2 3 4 5 6 648 -8 0 103 -371 -16 0 48 800 -12 0 263 -97 0 0 130 439 1 0 158 -1.126 4 0 -171 380 2 0 267 537 8 0 514 607 -12 0 365 -636 -6 0 -207 7 8 9 10 553 -27 2 94 278 206 -403 -36 -35 -291 -281 240 549 -16 32 189 153 191 -227 -39 10 98 80 -376 280 -88 23 65 -52 332 -959 -83 -33 -92 -207 -544 111 -98 -18 66 -9 170 15 -108 17 25 -43 124 254 -155 36 59 32 282 -423 -163 44 118 -8 -414 11 12 13 14 15 16 TRANSACTION DISCREPANCIES 1.497 -28 129 13 -856 -48 126 21 -6.792 -49 -362 68 -2.399 -66 67 15 -2.037 -48 77 15 -2.560 -55 -49 -57 648 -21 299 -225 320 -39 86 17 674 -44 -334 -103 -2.645 -50 100 79 1 2 3 4 79 289 -199 573 -10 212 -647 1.660 185 220 617 -508 -391 544 367 458 55 -328 -157 400 5 6 855 163 990 -993 -697 108 1.314 -2.054 -1.416 -299 -909 -4.027 -2.101 746 534 -2.607 7 02 546 -388 -3.346 586 -520 443 -3.017 1.066 835 998 -2.457 -1.214 -21 -125 791 1.329 59 217 -177 -1.736 -66 446 -1.661 7 8 9 10 NONFINANCIAL COMPONENTS: NIA DISCREPANCY (NEG.) PVT. WAGE ACCR. LESS DISB. FARM DISCREPANCY (NEG.) NONFARM NONCORP DISCREP. (NEG) TRADE DEBT (POSITIVE) 1.039 -46 0 0 0 2.030 24 0 0 0 3.997 30 0 0 0 2.659 -54 0 3 1 3.347 0 0 -1 0 3.017 0 0 1 1 2.456 0 0 0 -1 -793 0 0 2 0 176 0 0 1 0 1.665 0 0 -3 1 11 12 13 14 15 16 TOTAL NONFINANCIAL DISCREPANCY -993 -2.054 -4.027 -2.607 -3.346 -3.017 -2.457 791 -177 -1.661 16 957 -102 0 0 -619 -78 0 0 -1.866 450 0 0 -2.003 -98 -1 0 684 18 0 0 610 -24 1 0 1.042 24 1 0 -1.215 1 -1 0 1.330 -1 -1 0 -1.736 0 1 0 17 18 19 20 855 -697 -1.416 -2.101 702 586 1.066 -1.214 1.329 -1.736 21 1 TOTAL, ALL TYPES TREASURY CURRENCY 2 INTERBANK CLAIMS 3 SECURITY RP' 4 DEMAND DEPOSIT MAIL FLOATS: U.S. GOVERNMENT 5 6 OTHER 7 8 9 10 11 12 13 14 15 17 18 19 20 TRADE CREDIT PROFIT TAXES PAYABLE MISCELLANEOUS NONFINANCIAL TRADE CREDIT ANALYSED, FIRST ESTIMATE + BANK LOAN DISCREPANCY + BALANCE ADJUSTMENT + SEASONAL 21 = TOTAL TRADE CREDIT, FINAL MILLIONS OF DOLLARS OCTOBER 1979 DISCREPANCIES DISCREPANCIES 83 DISCREPANCIES - SUMMARY FOR SECTORS AND TRANSACTIONS ANNUAL FLOWS, ANNUAL FLOWS, 1959-68 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1959-68 SECTOR DISCREPANCIES I 2 3 4 5 6 5 -6.523 3.486 1.252 807 128 -1.060 -8.397 7.011 1.101 353 -1.029 -1.813 -5.981 4.081 1.318 637 -998 -4.644 -7.762 3.913 1.387 -368 -1.130 -3.125 -10.401 6.937 -90 2 -371 -3.009 -9.558 8.519 968 -1.286 -917 910 -7.580 8.959 -390 -328 -473 -4.058 -9.340 6.336 -1.241 -1.905 613 -2.613 -8.674 6.424 -257 -1.156 -171 3.325 -9.350 9.242 460 2.902 463 7 8 9 10 855 5 0 775 -99 9 0 37 -870 4 0 -204 -684 3 0 -28 798 1 0 516 -735 16 0 -481 722 25 0 75 1.479 54 0 339 1.221 31 0 -284 -392 86 0 -75 11 12 13 14 15 16 75 -88 61 410 -107 -201 -145 -121 -16 88 30 -126 -670 -76 2 -89 18 -525 -659 -37 -79 -156 -825 438 281 -59 -9 -102 295 156 -270 169 -40 -272 183 -310 622 99 -8 -326 360 497 1.086 272 -36 -114 245 719 1.474 349 -22 -110 694 563 -403 227 -100 -314 -106 -110 — TOTAL, ALL SECTORS HOUSEHOLDS NONFIN. CORPORATE BUSINESS STATE + LOCAL GOVERNMENTS U. S. GOVERNMENT FOREIGN FINANCIAL SECTORS SPONSORED AGENCIES MONETARY AUTHORITIES COMMERCIAL BANKS PRIVATE NONBANK FINANCE SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE OTHER INSURANCE FINANCE N.E.C. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 TRANSACTION DISCREPANCIES ------------------------------------------------------------------- --------------------------------------------------------- — 1 2 3 4 5 -38 226 224 -1.060 -40 76 -237 -1.813 -133 689 279 -4.644 38 -675 49 -3.125 35 -53 -37 -3.009 197 -595 178 910 64 227 952 -4.058 157 826 -426 -2.613 216 33 259 3.325 249 597 357 5 6 -4 -547 -181 402 9 1.152 357 -66 40 308 -265 826 257 346 -2 83 1.961 124 -502 387 1.213 7 8 9 10 671 -188 -559 220 -510 128 -1.385 687 -3.041 -113 945 -1.600 -542 747 -544 -4.008 374 -758 705 -3.739 -1.353 258 -22 -2.233 -777 76 8 -36 -891 -3.506 1.272 -871 -3.188 -1.796 -23 829 -1.753 -2.614 1.076 1.440 620 11 12 13 14 15 -220 0 0 -1 -1 -683 0 0 -4 0 1.597 0 0 3 0 4.005 0 0 2 -1 3.737 0 0 2 0 2.237 0 0 -3 1 891 0 0 0 0 3.183 0 0 5 0 1.736 0 0 15 -2 -632 0 0 14 2 16 220 687 -1.600 -4.008 -3.739 -2.233 -891 -3.188 -1.753 620 TOTAL, ALL TYPES TREASURY CURRENCY INTERBANK CLAIMS SECURITY RP« DEMAND DEPOSIT MAIL FLOATS: U.S. GOVERNMENT OTHER TRADE CREDIT PROFIT TAXES PAYABLE MISCELLANEOUS NONFINANCIAL NONFINANCIAL COMPONENTS: NIA DISCREPANCY (NEG.) PVT. WAGE ACCR. LESS DISB. FARM DISCREPANCY (NEG.) NONFARM NONCORP DISCREP. (NEG) TRADE DEBT (POSITIVE) 17 18 19 20 722 -51 0 0 -541 31 1 0 -3.009 -32 -1 0 -648 106 -1 0 420 -46 -1 0 -1.274 -79 1 0 -839 62 0 0 -3.632 124 -1 2 -1.626 -171 -2 1 -2.635 21 -3 0 21 671 -510 -3.041 -542 374 -1.353 -777 -3.506 -1.796 -2.614 = TOTAL TRADE CREOIT, FINAL 5 6 7 8 9 10 11 12 13 14 15 TOTAL NONFINANCIAL DISCREPANCY 16 TRADE CREDIT ANALYSED, FIRST ESTIMATE + BANK LOAN DISCREPANCY + BALANCE ADJUSTMENT + SEASONAL MILLIONS OF DOLLARS 1 2 3 4 17 18 19 20 21 OCTOBER 1979 DISCREPANCIES 84 DISCREPANCIES DISCREPANCIES - SUMMARY FOR SECTORS AND TRANSACTIONS ANNUAL FLOWS, ANNUAL FLOWS, 1969-78 1969 1970 1971 1972 1973 1969-78 1974 1975 1976 1977 1978 SECTOR DISCREPANCIES 1 TOTAL, ALL SECTORS HOUSEHOLDS 2 NONFIN. CORPORATE BUSINESS 3 4 STATE + LOCAL GOVERNMENTS U. S. GOVERNMENT 5 6 FOREIGN 7 8 9 10 11 12 13 14 15 16 FINANCIAL SECTORS SPONSORED AGENCIES MONETARY AUTHORITIES COMMERCIAL BANKS PRIVATE NONBANK FINANCE SAVINGS -i- LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE OTHER INSURANCE FINANCE N.E.C. 10.622 -2.791 5.556 6.649 1.011 -1.443 4.663 -5.584 8.470 1.061 230 -305 875 -4.968 8.247 9.148 430 -9.923 -3.690 -18.706 15.762 3.318 51 -1.920 -695 -13 .866 14 .423 2 .114 1 .575 -2 .239 -2.735 -15.784 12.228 5.573 -1.049 -1.767 1.071 -24.409 16.939 7.632 499 5.244 4.332 -37.664 26.404 9.121 3.449 9.486 -8.844 -34.746 25.465 7.492 3.539 -1.251 -3.124 -41.792 21.437 7.017 1.715 10.771 1 2 3 4 5 6 1.640 113 0 -183 791 109 0 -443 -2.059 113 0 -1.349 -2.195 98 0 -1.233 -2 .702 176 0 -2 .573 -1.936 112 0 -3.846 -4.834 285 0 -3.676 -6.464 260 0 -2.944 -9.343 355 0 -5.982 -2.272 479 0 -6.261 7 8 9 10 1.710 273 -2 347 986 106 1.125 255 104 165 -885 1.486 -823 368 -160 476 -1.100 -407 -1.060 -104 -230 246 -702 -270 -305 80 -82 -345 38 4 1.798 -22 72 -88 724 1.112 -1.443 -122 -85 -286 -780 -170 -3.780 -718 -186 640 -2.746 -770 -3.716 -898 -257 1.068 -3.072 -557 3.510 -1.069 -25 2.943 -419 2.080 11 12 13 14 15 16 TRANSACTION DISCREPANCIES 10.622 219 -131 2.696 4.663 -79 646 -1.956 875 12 -1.049 2.752 -3.690 -153 -4.732 426 -695 19 477 1.367 -2.735 -92 2.618 3.912 1.071 -22 -1.510 2.674 4.332 -209 -1.036 9.598 -8.844 -271 -7.564 7.256 -3.124 -41 693 9.433 1 2 3 4 -528 2.792 50 1.904 -182 2.028 577 3.507 341 -636 -81 610 -118 2.368 -992 303 1.458 1.175 -334 -329 5 6 -2.132 -43 7 4.887 3.256 -233 -779 3.033 2.077 -2.019 -241 1.278 -1.704 -4.426 -111 2.091 -869 3.723 485 -3.888 -2.583 -605 -145 -3.149 -5.803 2.541 -166 2.665 -7.361 -1.156 249 3.703 -6.128 -6.521 -958 4.093 -7.512 —12.253 38 2.985 -3.316 7 8 9 10 NONFINANCIAL COMPONENTS: NIA DISCREPANCY (NEG.) PVT. WAGE ACCR. LESS DISB. FARM DISCREPANCY (NEG.) NONFARM NONCORP DISCREP. (NEG) TRADE DEBT (POSITIVE) -3.269 0 0 14 1 -2.076 0 0 -1 0 1.327 373 0 4 0 1.681 -329 -171 587 899 2.629 -44 1 -1 2 5.763 0 1 23 -16 7.371 0 0 -14 -4 6. 122 0 1 6 1 7.521 0 0 -11 -2 3.314 0 0 7 5 11 12 13 14 15 16 TOTAL NONFINANCIAL DISCREPANCY 3.256 2.077 -1.704 -869 -2.583 -5.803 -7.361 -6.128 -7.512 -3.316 16 -2.223 91 -1 0 -279 46 1 0 -2.078 59 -1 0 -3.885 -17 0 0 3.727 -2 1 -3 -590 1 -16 0 2.539 0 2 0 -1.156 1 -1 0 -6.520 -4 3 0 -12.249 -4 0 0 17 18 19 20 -2.132 -233 -2.019 -4.426 3.723 -605 2.541 -1.156 -6.521 -12.253 21 1 TOTAL, ALL TYPES TREASURY CURRENCY 2 INTERBANK CLAIMS 3 SECURITY RP' 4 DEMAND DEPOSIT MAIL FLOATS: U.S. GOVERNMENT 5 OTHER 6 7 8 9 10 11 12 13 14 15 17 18 19 20 TRADE CREDIT PROFIT TAXES PAYABLE MISCELLANEOUS NONFINANCIAL TRADE CREDIT ANALYSED, FIRST ESTIMATE + BANK LOAN DISCREPANCY + BALANCE ADJUSTMENT + SEASONAL 21 = TOTAL TRADE CREDIT, FINAL MILLIONS OF DOLLARS OCTOBER 1979 MONEY STOCK RELATIONSHIP MONEY STOCK RELATIONSHIP 85 RELATION OF F/F MONEY STOCK DATA TO DAILY AVERAGE SERIES ANNUAL FLOWS, ANNUAL FLOWS, 1949-58 1949 1950 1951 1953 1952 I. 1954 1955 1956 1957 1958 1949-58 TOTAL MONEY STOCK NET CHANGES, S.A. ANNUAL PATE: F/F DEMAND DEP. + CURRENCY DAILY AVERAGE (DAMS) TOTAL DIFFERENCE 1 2 3 1 2 3 NA NA NA NA NA NA NA NA NA 4.774 4.658 116 1.379 1.545 -165 4.320 3.917 403 2.955 2.865 90 1.758 1.577 181 -806 -1.176 370 5.575 4.769 806 4 5 6 7 NA NA NA NA NA NA NA NA NA NA NA NA 116 43 44 29 -166 21 -193 6 403 61 348 -6 90 23 32 35 181 103 45 33 370 103 279 -12 806 -617 1.255 168 TOTAL DIFF. AT QUARTERLY RATE ARISING FROM—DATA DIFF. TIMING DIFF. SEASONALS 4 5 6 7 1 2 3 II. DEMAND DEPOSITS 1 2 3 NA NA NA NA NA NA NA NA NA 3.603 3.526 77 7 89 1.204 -415 4.550 4.239 311 2.519 2.416 103 1.706 1.158 548 -777 -1.243 466 5.130 4.504 626 NET CHANGE, S.A. F/F DAMS DIFFERENCE 4 5 6 NA NA NA NA NA NA NA NA NA 77 43 34 -416 21 -437 312 61 251 102 23 79 549 103 446 466 103 363 626 -617 1.243 DIFFERENCE IN UNADJUSTED DATA DIFFERENCE TIMING DIFFERENCE 7 8 9 10 NA NA NA NA NA NA NA NA NA 0 0 0 0 1 0 0 1 -1 0 0 -1 1 0 0 1 -1 0 0 -1 0 0 0 0 0 0 0 0 -230 -322 92 436 449 -13 52 419 -367 -3 0 66 -96 445 265 180 0 0 0 III. 1 2 3 -661 NA NA 4 5 6 7 8 590 341 249 NA 10 244 97 -47 -401 -84 12 NA NA NA 29 29 0 0 5 4 0 1 -5 -4 0 -1 34 34 0 0 34 35 0 -1 -12 -12 0 0 168 168 0 0 942 NA NA NA NA NA NA NA NA NA NA 0 0 0 IV. DIFFERENCE IN SEASONALS FLOWS VS. LEVELS ONE-DAY VS. DAILY AVERAGE SEASONAL BALANCE ADJUSTMENT NET CHANGE, S.A. QTRLY RATE: F/F DAMS DIFFERENCE 1 2 3 4 5 6 7 8 9 108.525 7. 308 10.518 3. 071 534 0 87. 094 164 87.258 118.300 9.635 11.606 2.806 1.368 0 92.885 233 93.118 126.153 10.015 12.519 3.359 1.184 0 99.076 308 99.384 131.175 10.153 12.513 4.941 967 0 102.601 360 102.961 131.538 10.152 12.807 4.146 935 0 103.498 381 103.879 135.789 10.027 12.873 4. 172 808 0 107.909 457 108.366 141.954 13.282 12.885 3.709 1.585 0 110.493 476 110.969 145.147 13.877 13.571 3.733 1.665 0 112.201 559 112.760 143.501 13.701 13.173 3.898 1.424 0 111.305 638 111.943 150.152 14.586 13.479 4.250 1 .296 0 116.541 618 117.159 10 11 12 108 NA NA 5. 860 NA NA 6.266 NA NA 3.577 0 3.577 918 1 919 4.487 -1 4.486 2.603 1 2.604 1.791 -1 1.790 -817 0 -817 5.216 0 5.216 13 148 -160 -113 14 NA NA NA 26 -130 64 -85 -84 40 -86 3.603 789 4.550 2.519 1.706 -777 5.130 36. 649 27 36.385 73 36.458 36.965 27 36.640 93 36.733 38.687 28 38.270 108 38.378 41.756 31 41.361 160 41.521 45.164 26 44.706 210 44.916 48.968 48 48.453 259 48.712 50.300 43 49.772 247 50.019 52.368 57 51.758 303 52.061 57.825 41 57.188 239 57.427 65.865 100 65.144 221 65.365 20 21 22 448 NA NA 275 NA NA 1.645 NA NA 3.143 1 3.144 3.395 0 3.395 3.796 0 3.796 1.307 1 1.308 2.042 0 2.042 5.366 -1 5.365 7.938 -1 7.937 1 2 3 TIMING DIFFERENCE 4 DIFFERENCE IN SEASONALS FLOWS VS. LEVELS ONE-DAY VS. DAILY AVG. SEASONAL BALANCE ADJ. 5 6 7 8 DEMAND DEPOSITS H.8 OR CALL DATA: GROSS DEMAND DEPOSITS - CASH ITEMS - DUE TO U.S. COMMERCIAL BANKS - TREASURY DEPOSITS - F.R. FLOAT + TRANSFERS FROM MISC. LIAB. = COMMERCIAL-BANK LIABILITY + DEPOSITS AT FGN. BANK OFF. = TOTAL BANKING SECTOR LIAB. NET CHANGE + SEASONAL = NET CHANGE SEAS. ADJUSTMENT + FOREIGN DEPOSITS AT F.R. = TOTAL DEMAND DEPOSIT LIAB., S.A. QUARTERLY RATE (AS IN PART II ABOVE, LINE 1) 2. 15 16 17 18 19 DOLLARS 7 8 9 10 DERIVATION OF F/F BANK DEPOSITS 1. MILLIONS OF 4 5 6 CURRENCY 1.171 1.132 39 -18 NA NA QTRLY RATE: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 TIME DEPOSITS TOTAL IN H.8 OR CALL - DUE U.S. COMMERCIAL BANKS = TOTAL DUE NONBANKS + TIME DEP. AT FGN. BANK. OFF. = TOTAL BANKING SECTOR LIAB. 15 16 17 18 19 NET CHANGE + SEASONAL = TIME DEPOSITS, 20 21 22 SAQR OCTOBER 1979 MONEY STOCK RELATIONSHIP 86 MONEY STOCK RELATIONSHIP RELATION OF F/F MONEY STOCK DATA TO DAILY AVERAGE SERIES ANNUAL FLOWS, ANNUAL FLOWS, 1959-68 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1959-68 I. TOTAL MONEY STOCK 1 2 3 1. 258 2.363 -1.104 956 875 81 5.860 4.878 982 3.913 2.220 1.693 5.308 5.785 -476 8.434 7.606 828 8.321 7.849 472 4.536 4.466 70 13.878 11.930 1.948 16.121 15.127 994 4 5 6 7 -1.105 110 -1.270 55 81 -35 112 4 982 -180 1. 118 44 1.693 353 1.332 8 -477 -565 53 35 828 241 557 30 472 11 42 6 35 70 16 17 37 1.948 63 1.854 31 994 178 773 43 II. 625 2. 120 -1.495 1.010 803 207 5.152 4.291 861 3.322 1.198 2.124 2.697 3.901 -1.204 6.781 5.815 966 6.203 5.768 43 5 2.528 2.475 53 11.855 9.831 2.024 13.590 12.104 1.486 4 5 6 -1.495 110 -1.605 207 -35 242 860 -180 1.040 2.124 353 1.771 -1.204 -565 -639 966 241 725 436 11 42 5 52 16 36 2.023 63 1.960 1 .486 178 1.308 7 8 9 10 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 -1 0 0 -1 1 0 0 1 1 0 0 1 0 0 0 0 2.118 2.081 37 2.008 1.991 17 2.023 2.099 -76 2.531 3.023 -492 III. TOTAL DIFF. AT QUARTERLY RATE ARISING FROM—DATA DIFF. TIMING DIFF. SEASONALS 4 5 6 7 NET CHANGE, S.A. QTRLY RATE: F/F DAMS DIFFERENCE 1 2 3 DIFFERENCE IN UNADJUSTED DATA DIFFERENCE TIMING DIFFERENCE 4 5 6 DIFFERENCE IN SEASONALS FLOWS VS. LEVELS ONE-DAY VS. DAILY AVERAGE SEASONAL BALANCE ADJUSTMENT 633 243 390 -54 72 -126 708 587 121 591 1.022 -431 2.611 1.884 727 1.653 1.791 -138 4 335 -130 78 -439 692 -168 1 -19 -106 -535 5 6 7 8 55 56 0 -1 4 4 0 0 43 42 0 1 8 7 0 1 35 36 0 -1 30 31 0 -1 36 36 0 0 36 36 0 0 30 30 0 0 43 43 0 0 NET CHANGE, S.A. QTRLY RATE: F/F DAMS DIFFERENCE 1 2 3 TIMING DIFFERENCE 4 DIFFERENCE IN SEASONALS FLOWS VS. LEVELS ONE-DAY VS. DAILY AVG SEASONAL BALANCE ADJ. 5 6 7 DERIVATION OF F/F BANK DEPOSITS 1. 1 2 3 4 5 6 7 8 9 152.293 16.173 13.311 5.050 1.590 591 116.760 1.028 117.788 156.403 18.260 14.741 5.945 1.868 1.597 117.777 1. 148 118.925 165.779 21.401 15.732 5.946 2.300 212 122.800 1.229 124.029 169.873 20.701 16.250 7.158 2.903 898 126.159 1.194 127.353 171.680 21.050 14.709 6.548 2.600 -1.042 129.029 1.097 130.126 179.631 22.925 15.425 6.510 2.606 601 135.022 1.832 136.854 184.731 22.465 15.766 5.525 2.248 -119 141.465 1.651 143.126 192.514 28.450 16.922 4.992 2.510 1.227 143.605 1.844 145.449 211.182 33.905 18.745 5.234 2.483 558 155.338 1.974 157.312 229.658 36.081 21.367 5.010 3.482 -525 167.716 3.105 170.821 10 11 12 551 0 551 1.137 0 1.137 5.083 1 5.084 3.324 0 3.324 2.773 0 2.773 6.728 0 6.728 6.272 -1 6.271 2.323 1 2.324 11.863 1 11.864 13.509 0 13.509 13 74 -127 68 -2 -76 53 -6 8 204 -9 81 14 625 1.010 5.152 3.322 2.697 6.781 6.203 2.528 11.855 13.590 15 16 17 18 19 67.610 69 66.873 247 67.120 73.440 104 72.594 287 72.881 82.909 199 81.942 330 82.272 98.520 240 97.497 335 97.832 112.895 268 111.790 397 112.187 127.539 375 126.208 423 126.631 147.705 538 146.119 498 146.617 160.996 475 159.298 536 159.834 185.109 725 183.101 647 183.748 205.581 697 203.668 801 204.469 20 21 22 1.024 1 1.025 5.761 -1 5.760 9.391 -1 9.390 15.560 2 15.562 14.355 0 14.355 14.444 0 14.444 19.986 -1 19.985 13.217 2 13.219 23.914 2 23.916 20.721 1 20.722 DEMAND DEPOSITS H.8 OR CALL DATA: GROSS DEMAND DEPOSITS - CASH ITEMS - DUE TO U.S. COMMERCIAL BANKS - TREASURY DEPOSITS - F.R. FLOAT + TRANSFERS FROM MISC. LIAB. = COMMERCIAL-BANK LIABILITY + DEPOSITS AT FGN. BANK OFF. = TOTAL BANKING SECTOR LIAB. NET CHANGE + SEASONAL = NET CHANGE SEAS. ADJUSTMENT + FOREIGN DEPOSITS AT F.R. = TOTAL DEMAND DEPOSIT LIAB., S.A. QUARTERLY RATE (AS IN PART II ABOVE, LINE 1) 2. 7 8 9 10 CURRENCY 1 2 3 MILLIONS OF DOLLARS 1 2 3 DEMAND DEPOSITS 1 2 3 IV. NET CHANGES, S.A. ANNUAL RATE: F/F DEMAND DEP. + CURRENCY DAILY AVERAGE (DAMS) TOTAL DIFFERENCE 1 10 11 12 13 14 TIME DEPOSITS TOTAL IN H.8 OR CALL - DUE U.S. COMMERCIAL BANKS = TOTAL DUE NONBANKS + TIME DEP. AT FGN. BANK. DFF. = TOTAL BANKING SECTOR LIAB. 15 16 17 18 19 NET CHANGE + SEASONAL = TIME DEPOSITS, 20 21 22 SAQR OCTOBER 1979 MONEY STOCK RELATIONSHIP MONEY STOCK RELATIONSHIP 87 RELATION OF F/F MONEY STOCK DATA TO DAILY AVERAGE SERIES 1969-78 ANNUAL FLOWSt 1969 ANNUAL FLOWS, 1970 1971 1973 1972 I. 1974 1975 1976 1977 1978 1969-78 TOTAL MONEY STOCK 1 2 3 7. 298 6.625 673 9.872 10.968 -1.095 14.406 14.614 -207 24.611 21.264 3.347 17.754 15.199 2.555 11.230 12.346 -1.115 12.872 11.688 1.184 20.155 18.068 2.097 30.021 24.649 5.372 24.541 22.377 2.164 4 5 6 7 673 -605 1. 236 42 -1.096 262 -1.382 24 -208 -359 92 59 3.347 1.017 1.317 1.013 2.555 -341 2.475 421 -1.116 -289 -1.363 536 1.184 -934 1.815 303 2.097 1.212 468 417 5.372 1.701 3.067 604 2.164 2.146 -566 584 NET CHANGES, S.A. ANNUAL RATE: F/F DEMAND DEP. + CURRENCY DAILY AVERAGE (DAMS) TOTAL DIFFERENCE 1 2 3 TOTAL DIFF. AT QUARTERLY RATE ARISING FROM—DATA DIFF. TIMING DIFF. SEASONALS 4 5 6 7 NET CHANGE, S.A. QTRLY RATE: F/F DAMS DIFFERENCE 1 2 3 DIFFERENCE IN UNADJUSTED DATA DIFFERENCE TIMING DIFFERENCE 4 5 6 II. DEMAND DEPOSITS 1 2 3 4. 490 4. 021 469 6.391 7.963 -1. 572 11.014 11.119 -105 20.199 16.972 3.227 13.813 10.532 3.281 4.935 6.098 -1.163 6.680 5.7*5 935 12.864 11.083 1.781 21.728 16.727 5.001 15.255 13.615 1.640 4 5 6 469 -605 1. 074 -1.572 262 -1.834 -105 -359 254 2.322 1.017 1.305 2.948 -341 3.289 -1.578 -289 -1.289 744 -934 1.678 1.416 1.212 204 4.451 1.701 2.750 1.204 2.146 -942 7 8 9 10 0 0 0 0 0 0 0 0 0 0 0 0 905 906 0 -1 333 336 -1 -2 415 411 -1 5 191 190 1 0 365 365 -1 1 550 552 0 -2 436 435 0 1 DIFFERENCE IN SEASONALS FLOWS VS. LEVELS ONE-DAY VS. DAILY AVERAGE SEASONAL BALANCE ADJUSTMENT 7 8 9 10 III. CURRENCY NET CHANGE, S.A. QTRLY RATE: F/F DAMS DIFFERENCE 4.412 4.292 120 3.941 4.667 -726 6.295 6.248 47 6.192 5.943 249 7.301 6.985 316 8.293 7.922 371 9.286 8.762 524 -162 12 -814 -74 137 264 317 376 TIMING DIFFERENCE 4 59 59 0 0 108 108 0 0 88 88 0 0 121 120 0 1 112 112 0 0 52 52 0 0 54 54 0 0 148 148 0 0 DIFFERENCE IN SEASONALS FLOWS VS. LEVELS ONE-DAY VS. DAILY AVG. SEASONAL BALANCE ADJ. 5 6 7 8 1 2 3 2. 808 2.604 204 3.481 3.005 476 3.392 3.495 -103 4 162 452 5 6 7 8 42 42 0 0 24 24 0 0 1 2 3 IV. DERIVATION OF F/F BANK DEPOSITS 1. DEMAND DEPOSITS H.8 OP CALL DATA: 1/ GROSS DEMAND DEPOSITS 2/ - CASH ITEMS - DUE TO U.S. COMMERCIAL BANKS - TREASURY DEPOSITS 2/ - F.R. FLOAT + TRANSFERS FROM MISC. LIAB. = COMMERCIAL-BANK LIABILITY + DEPOSITS AT FGN. BANK OFF. = TOTAL BANKING SECTOR LIAB. I 2 3 4 5 6 7 8 9 241.097 40.539 23.383 5.054 3.440 -361 172.318 3.093 175.411 247.881 39.691 26.255 7.938 4.261 1.187 174.560 7.273 181.833 262.749 38.640 28.027 10.169 4.343 -1.092 185.302 7.426 192.728 295.824 45.332 28.407 10.870 3.974 -3.337 207.636 4.244 211.880 308.556 44.616 29.722 9.862 3.099 -395 221.257 4.5 08 225.765 313.725 47.177 34.932 4.804 2.001 0 224.811 5.662 230.473 320.563 47.234 35.576 3.112 3.688 0 230.953 6.238 237.191 333.130 48.345 37.874 3.023 2.601 0 241.287 8.605 249.892 377.844 66.351 40.341 7.315 3.810 0 260.027 11.624 271.651 411.360 75.086 42.812 14.075 6.516 0 272.871 14.083 286.954 10 11 12 4. 590 0 4. 590 6.422 0 6.422 10.895 0 10.895 20.296 -1 20.295 13.885 -3 13.882 4.708 4 4.712 6.718 1 6.719 12.701 0 12.701 21.759 -2 21.757 15.198 1 15.199 NET CHANGE + SEASONAL = NET CHANGE SEAS. ADJUSTMENT 10 11 12 + FOREIGN DEPOSITS AT F.R. = TOTAL DEMAND DEPOSIT LIAB., S.A. QUARTERLY RATE (AS IN PART II ABOVE, LINE 1) 13 13 -100 -31 119 -96 -69 223 -39 163 -29 56 14 4. 490 6. 391 11.014 20.199 13.813 4.935 6.680 12.864 21.728 15.255 15 16 17 18 19 195.610 386 194.093 1.032 195.125 233.864 1.378 231.682 1.408 233.090 275.877 2.412 272.785 1.668 274.453 318.512 3.405 314.548 2.415 316.963 370.405 5.620 364.278 3.376 367.654 429.555 8.417 420.749 4.500 425.249 456.958 9.027 447.651 7.884 455.535 494-415 6.707 487.564 8.266 495.830 546.939 6.796 540.043 10.482 550.525 607.769 9.001 598.664 16.903 615.567 20 21 22 -9.465 1 -9.464 37.965 -1 37.964 41.363 0 41.363 42.433 -1 42.432 50.691 -1 50.690 56.829 3 56.832 30.286 0 30.286 40.295 0 40.295 54.695 -2 54.693 65.042 0 65.042 1 2 3 4 5 6 7 8 9 14 2. TIME DEPOSITS MILLIONS OF DOLLARS 1/ 2/ TOTAL IN H.8 OR CALL 1/ - DUE U.S. COMMERCIAL BANKS = TOTAL DUE NONBANKS + TIME DEP. AT FGN. BANK. OFF. = TOTAL BANKING SECTOR LIAB. 15 16 17 18 19 NET CHANGE + SEASONAL = TIME DEPOSITS, SAQR 20 21 22 BEGINNING 1972, DOMESTICALLY CHARTERED BANKS; EXCLUDES U.S. BRANCHES OF FOREIGN BANKS. BRANCHES ARE INCLUDED BEFORE 1972. BEGINNING 1978, INCLUDES TREASURY NOTE BALANCES Financial Assets and Liabilities, December 31,1978 Amounts outstanding in billions of dollars A. All sectors Financial sectors Private domestic nonfinancial sectors Households Transaction category 1 Total financial assets........................... 2 Total liabilities..................................... 3 4 5 6 7 A L Business A L A Total A L 37.6 9.7 1.0 4.4 222.1 222.1 12 Time and savings accounts.................. 13 At commercial banks........................ 14 At savings institutions..................... 1096.3 471.7 624.6 15 Fed funds and security RPs............... 16 Money market fund shares.................. 317.3 317.3 13.9 13.9 81.3 81.3 1192.7 568.1 624.6 13.7 10.0 10.8 23.7 10.8 17 Life insurance reserves........................ 18 Pension fund reserves........................... 19 Net interbank claims3........................ 198.5 530.8 198.5 530.5 20 Corporate equities4.............................. 808.5 21 Credit market instruments.................. 22 U.S. Treasury securities 5.................. 23 Federal agency securities6............... 24 State and local government securities 25 Corporate and foreign bonds ..... 26 Mortgages.......................................... 27 Consumer credit................................. 28 Bank loans n.e.c.................................. 29 Open-market paper........................... 30 Other loans....................................... 486.0 1164.8 166.7 37.1 75.0 64.8 106.2 766.1 340.0 19.2 36.1 39.5 8.8 60.5 22.2 22.2 77.6 1129.8 .6 3.5 15.8 3.7 318.3 392.4 43.6 260.2 26.3 25.4 117.6 82.5 42.4 16.3 8.3 282.1 275.6 15.6 6.5 21.7 13.2 355.5 10.3 266.2 271.5 23.9 40.8 14.2 12.5 405.3 367.8 18.5 19.0 79.0 10.8 54.4 189.8 • 470.7 38.1 42.0 235.6 42.6 626.2 2820.3 619.2 271.7 6.2 125.4 204.5 346.6 .8 1040.8 296.4 358.2 30.2 146.6 399.3 38.8 25.9 165.5 129.5 23.8 10.6 42.9 9.9 23.3 49.9 26.6 46.0 8.8 21.7 0 0 355.5 12.5 326.7 299.0 23.9 51.2 20.3 12.7 42.8 179.6 95.8 8.9 13.6 8.5 L A 104.3 99.2 4.4 .7 .3 .3 14.1 11.3 * 98.1 199.9 215.6 1.4 .2 60.8 13.3 160.6 28.8 63.9 32.7 .2 53.1 199.9 199.9 46.7 119.2 110.6 8.0 0 .6 A 1.5 1.5 46.7 L 3.0 5.2 1.0 4.4 10.7 405.3 367.8 18.5 19.0 26.5 24.3 2.1 626.7 1242.3 1242.3 615.6 615.6 626.7 626.7 626.7 73.1 12.0 235.5 1025.0 95.2 43.8 126.2 7.4 214.0 167.2 358.2 13.0 21.7 1460.6 64.5 73.3 78.3 5.9 339.1 666.2 129.1 35.5 49.3 11.2 1.0 4.4 13.1 615.6 615.6 .1 15.8 16.4 93.5 17.8 .9 61.2 57.1 A 8.6 377.1 339.4 18.7 19.0 5.9 10.8 39.4 10.8 79.0 10.8 189.8 470.7 198.5 530.5 47.1 198.5 530.5 38.1 42.6 1086.1 42.6 -8.6 Floats and discrep ancies 7229.0 20.3 20.3 0 18.8 L 301.0 268.6 14.1 18.3 21.0 2.5 A 8324.4 -2.5 28.2 28.4 -.1 39.7 -9.0 177.7 3767.8 3767.8 619.2 619.2 206.1 206.1 291.4 291.4 54.9 422.0 422.0 13.3 1172.5 1172.5 340.0 340.0 28.8 358.2 358.2 48.0 115.9 115.9 32.7 242.5 242.5 25.9 47.6 47.6 4.5 179.3 396.0 26.1 476.2 325.8 29.3 495.4 11.3 5.4 264.6 AU sectors 1 1733.8 1065.0 3.6 7.7 Private nonbank finance 1840.9 1129.9 26.5 1242.3 24.3 615.6 2.1 626.7 .9 .9 -7.2 171.8 137.8 Commercial banking 156.2 218.7 * 1.6 13.1 8.7 59.8 646.2 2576.8 209.7 56.9 86.9 291.4 64.8 318.3 121.8 1158.5 43.6 340.0 279.4 62.4 25.4 163.8 156.2 11.7 15.6 808.5 L A L * 1.6 13.1 22.1 22.1 18.7 Monetary authority 11.7 18.7 65.3 65.3 0 1.6 1.1 2.8 A 222.1 3173.8 719.5 19.0 31.2 31.2 For notes see facing page. 19.0 L 3349.1 10.7 8 Demand deposits and currency .... 9 Private domestic................................. 10 U.S. government.............................. 11 Foreign................................................ 32 Trade credit7....................................... 33 Taxes payable....................................... 34 Miscellaneous....................................... A L 185.5 363.3 2972.5 Gold2........................ ........................... SDRs2................................................... I.M.F. position.................................... Official foreign exchange..................... Treasury currency................................. 31 Security credit....................................... A L A Sponsored agencies and mortgage pools Total 358.0 4431.8 296.3 1466.1 1210.0 L 184.2 825.6 3422.0 State and local governments U.S. government Rest of the world -70.2 3.2 19.2 Financial Assets and Liabilities, December 31,1978—Continued Amounts outstanding in billions of dollars B. Private nonbank financial institutions Sector Transaction category Savings and loan assns. Total A 1 Total financial assets............................................................ 2 Total liabilities..................................................................... 1840.9 3 Demand deposits and currency.......................................... 4 Time and savings accounts................................................... 5 At commercial banks......................................................... 6 At savings institutions...................................................... 20.3 26.5 24.3 2.1 7 Fed funds and security RPs................................................ 8 Money market fund shares................................................... 12.0 L A L 626.7 431.0 2.2 .7 .7 5.9 142.6 142.6 431.0 9.0 A L 58.4 . 1.0 3.0 .9 2.1 . A 235.5 42.6 12 Credit market instruments................................................... 13 U.S. Treasury securities5................................................... 14 f ederal agency securities6................................................ 15 State and local government securities.............................. 16 Corporate and foreign bonds.......................................... 17 Mortgages........................................................................... 18 Consumer credit.................................................................. 19 Bank loans n.e.c.................................................................. 20 Open-market paper............................................................ 21 Other loans........................................................................ 1460.6 64.5 73.3 78.3 339.1 666.2 129.1 177.7 16.4 93.5 28.8 48.0 32.7 22 Security credit........................................................................ 17.8 25.9 23 Trade credit7......................................................................... 24 Taxes payable........................................................................ 25 Miscellaneous........................................................................ 11.3 57.1 54.9 13.3 4.5 179.3 L 153.0 359.2 .... 198.6 1.8 10.3 10.3 .... .... .... 2.8 53.0 . 4.8 432.9 12.2 ' 2.7 48.5 2.0 10.7 L 153.0 Finance companies A L 133.3 .... .... 96.1 145.7 2.6 .... 4.4 A L Real estate investment trusts A 141.1 L A L 6.8 42.6 . Money market funds Open-end investment companies 42.6 11.5 .7 Security brokers and dealers L A A L 10.8 .... .... 10.8 28.6 .1 5.3 5.3 .... .... .... .9 .... 10.8 5.1 1.5 .... .... 26.0 53.0 189.8 119.1 485.0 8.6 27.4 1.3 A Other insurance companies 3.0 142.6 5.0 13.4 3.3 21.6 95.2 3.8 54.5 1.4 3.8 . . . 3.3 45.9 . . 153.0 .... 198.6 35.5 107.9 .... 33.3 19.4 .... 318.7 4.8 6.5 6.4 158.5 105.9 73.3 17.5 4.7 .... .... .... 48.0 3.1 .... .... 116.9 10.5 12.4 4.0 81.4 8.7 100.0 10.7 5.1 62.5 21.4 .4 .... .... .... .... .... .... 31.4 141.3 119.6 5.9 9.7 10.5 1.6 1.6 2.5 5.5 5.9 51.3 10.8 67.1 3.2 42.6 6.7 3.1 .9 2.8 3.1 .4 63.3 6.3 30.1 32.7 4.9 .6 20.8 47.4 3.4 3.7 .... 17.8 20.9 1.3 7.9 7.9 4.7 21.7 1 Excess of total assets (line 1) over total liabilities (line 2) consists of gold, special drawing rights, and corporate equities not included in liabilities minus total floats and discrepancies on line 1 in adjacent column. 2 Rest of world total holdings of gold and special drawing rights appear as assets and are included in totals, because in flow tables transactions in these categories are treated as purchases and sales of existing assets without associated liabilities. 3 Rest of world asset is net of liabilities, and commercial banking liability is net of claims on rest of world. Banking liability also reflects discrepancy in the far right column. 4 Assets are shown at market value; nonbank finance liability is redemption value of shares of open-end investment companies. No specific liability is attributed to issuers of stocks other than open-end investment companies for amounts outstanding. A 198.6 .... 2.4 189.8 470.7 11 Corporate equities 4............................................................. State and local govt, retirement funds Private pension funds L 378.3 53.0 147.3 494.6 1.6 7.2 7.2 626.7 5.9 10.8 L A Life insurance companies Credit unions 161.2 523.6 1733.8 9 Life insurance reserves . ...................................................... 10 Pension fund reserves............................................................ Mutual savings banks 1.9 48.5 5.4 .... 11.3 .... .... .... .7 95.4 .5 21.0 25.9 .1 .8 1.8 .3 .... 5 Includes savings bonds and other nonmarketable debt held by the public. Postal savings system deposits are included in line 34 of Part A, All Sectors. 6 Issues by agencies in the budget (CCC, Export-Import Bank, GNMA, TVA, EHA) and by sponsored credit agencies in Financial sectors. Includes loan participation certificates. 7 Business asset is corporate only. Noncorporate trade credit is deducted in liability total to conform to quarterly flow tables. 00 O OCTOBER 1979 CREDIT MARKET DEBT 90 CREDIT MARKET DEBT SUMMARY OF CREDIT MARKET DEBT OUTSTANDING YEAR-END OUTSTANDINGS, 1949-58 YEAR-END OUTSTANDINGS, 1949 1950 1951 1952 1953 1954 1956 1955 1957 1949-58 1958 CREDIT MARKET DEBT OWED BY NONFINANCIAL SECTORS 1 TOTAL CREDIT MARKET DEBT OWED BY NONFINANCIAL SECTORS 2 U.S. GOVERNMENT TREASURY ISSUES 3 4 AGENCY ISSUES + MORTGAGES 5 6 7 8 9 10 11 12 13 14 15 16 17 18 PRIVATE DOMESTIC NONFINANCIAL SECTORS DEBT CAPITAL INSTRUMENTS STATE + LOCAL OBLIGATIONS CORPORATE BONDS MORTGAGES HOME MORTGAGES MULTI-FAMILY RESID. COMMERCIAL FARM OTHER DEBT INSTRUMENTS BANK LOANS N.E.C. CONSUMER CREDIT OPEN-MARKET PAPER OTHER 397.356 421.837 444.296 475.353 504.588 530.463 566•443 593.888 621.978 661.915 1 217.670 216.666 1.004 216.491 216.109 382 216.053 215.808 245 221.418 220.792 626 228.438 226.185 2.253 230.836 228.498 2.338 230.029 228.418 1.611 224.213 222.857 1.356 221.958 220.183 1.775 231.258 229.128 2.130 2 3 4 165.767. 117.859 21.049 34.210 62.600 37.346 7.829 11.846 5.579 191.308 132.808 24.381 35.734 72.693 44.854 9.301 12.467 6.071 213.564 147.597 26.559 38.929 82.109 51.350 10.642 13.466 6.651 238.795 164.952 30.243 43.614 91.095 58.008 11.481 14.370 7.236 259.882 182.427 34.512 46.970 100.945 65.552 12.121 15.535 7.737 283.073 204.122 40.594 50.449 113.079 74.888 12.665 17.280 8.246 319.835 228.333 45.870 53.286 129.177 87.337 13.490 19.328 9.022 352.229 250.124 49.461 56.901 143.762 98.114 14.064 21.749 9.835 381.257 272.785 53.708 63.217 155.860 106.761 14.515 24.187 10.397 409.892 298.910 59.206 68.901 170.803 116.526 16.033 27.135 11.109 5 6 7 8 9 10 11 12 13 47.908 17.562 20.852 376 9.118 58.500 22.464 25.641 482 9.913 65.967 27.064 27.268 582 11.053 73.843 28.413 32.551 666 12.213 77.455 27.359 36.736 778 12.582 78.951 26.968 38.192 1.133 12.658 91.502 31.728 45.348 694 13.732 102.105 37.443 49.268 868 14.526 108.472 38.936 52.191 1.041 16.304 110.982 39.607 52.702 1.240 17.433 14 15 16 17 18 165.767 21.537 60.175 191.308 24.936 72.557 213.564 27.375 81.541 238.795 31.381 93.712 259.882 35.286 106.274 283.073 41.033 117.267 319.835 46.321 137.211 352.229 49.980 153.415 381.257 54.378 166.239 409.892 60.056 177.898 19 20 21 19 20 21 BY BORROWING SECTOR: STATE + LOCAL GOVERNMENTS HOUSEHOLDS 22 23 24 25 NONFINANCIAL BUSINESS FARM NONFARM NONCORPORATE CORPORATE 84.055 8.474 10.973 64.608 93.815 9.532 12.979 71.304 104.648 10.819 14.234 79.595 113.702 11.609 15.320 86.773 118.322 11.509 15.855 90.958 124.773 12.281 16.667 95.825 136.303 13.723 18.410 104.170 148.834 14.581 19.525 114.728 160.640 15.638 20.469 124.533 171.938 17.002 21.891 133.045 22 23 24 25 26 27 28 29 30 FOREIGN CREDIT MARKET DEBT OWED TO U.S. BONDS BANK LOANS N.E.C. OPEN-MARKET PAPER U.S. GOVERNMENT LOANS 13.919 2.871 946 58 10.044 14.038 3.122 664 119 10.133 14.679 3.399 817 177 10.286 15.140 3.426 855 157 10.702 16.268 3.314 727 197 12.030 16.554 3.264 1.196 271 11.823 16.579 3.071 1.413 310 11.785 17.446 3.381 1.789 477 11.799 18.763 3.816 2.106 688 12.153 20.765 4.734 2.647 612 12.772 26 27 28 29 30 CREDIT MARKET DEBT OWED BY FINANCIAL SECTORS 1 TOTAL CREDIT MARKET DEBT OWED BY FINANCIAL SECTORS 5.922 8.137 8.924 10.356 12.029 12.143 17.394 18.664 21.014 20.785 1 2 3 4 5 U.S. GOVT.-RELATED SPONSORED CR. AG. SEC. MORTGAGE POOL SECURITIES LOANS FROM U.S. GOVERNMENT 1.454 1.447 7 0 1.860 1.828 32 0 2.098 2.055 43 0 2. 155 2.102 53 0 2. 159 2.099 60 0 2.142 2.06 4 78 0 3.187 3.005 116 66 3.95 8 3.44 8 149 361 5.102 4.848 173 81 5.175 4.925 190 60 2 3 4 5 PRIVATE FINANCIAL SECTORS CORPORATE BONDS MORTGAGES BANK LOANS N.E.C. OPEN-MARKET PAPER LOANS FROM FHLB’S 4.468 1.355 275 1.735 676 427 6.277 1.735 321 2.697 714 810 6.826 2.023 368 2.460 1.064 911 8. 201 2.280 500 3.139 1.418 864 9.870 3.681 550 3.044 1.643 952 10.001 3.604 789 3.250 1.491 867 14.207 4.528 912 5.611 1.739 1.417 14.706 5.609 887 5.110 1.872 1.228 15.912 6.354 856 5.113 2.324 1.265 15.610 6.556 1.161 4.406 2.189 1.298 6 7 8 9 10 11 12 TOTAL, BY SECTOR 13 SPONSORED CREDIT AGENCIES 14 MORTGAGE POOLS 5.922 1.447 7 8.137 1.828 32 8.924 2.055 43 10.356 2.102 53 12.029 2.099 60 12.143 2.064 78 17.394 3.071 116 18.664 3.809 149 21.014 4.929 173 20.785 4.985 190 12 13 14 15 16 17 18 19 20 4.468 0 0 777 3.691 0 6.277 0 0 1.222 5.055 0 6.826 0 0 1.374 5.452 0 8.201 0 0 1.453 6.748 0 9.870 0 0 1.584 8.286 0 10.001 0 0 1.751 8.250 0 14.207 0 0 2.476 11.731 0 14.706 0 0 2.237 12.469 0 15.912 0 0 2.237 13.675 0 15.610 0 0 2.606 13.004 0 15 16 17 18 19 20 SECTORS, BY TYPE 6 7 8 9 10 11 PRIVATE FINANCIAL SECTORS COMMERCIAL BANKS BANK AFFILIATES SAVINGS + LOAN ASSNS. FINANCE COMPANIES REITS TOTAL CREDIT MARKET DEBT OUTSTANDING, ALL 403.278 219.124 21.049 38.436 62.875 429.974 218.351 24.381 40.591 73.014 453.220 218.151 26.559 44.351 82.477 485.709 223.573 30.243 49.320 91.595 516.617 230.597 34.512 53.965 101.495 542.606 232.978 40.594 57.317 113.868 583.837 233.150 45.870 60.885 130.089 612.552 227.810 49.461 65.891 144.649 642.992 226.883 53.708 73.387 156.812 682.700 235.841 59.206 80.191 172.496 1 2 3 4 5 20.852 20.243 1.110 19.589 25.641 25.825 1.315 20.856 27.268 30.341 1.823 22.250 32.551 32.407 2.241 23.779 36.736 31.130 2.618 25.564 38.192 31.414 2.895 25.348 45.348 38.752 2.743 27.000 49.268 44.342 3.217 27.914 52.191 46.155 4.053 29.803 52.702 46.660 4.041 31.563 6 7 8 9 SELECTED CLAIMS NOT INCLUDED ABOVE: SECURITY CREDIT 4.433 TRADE CREDIT 27.603 INVESTMENT COMPANY SHARES 3.070 116.930 OTHER CORPORATE EQUITIES 5.511 37.427 3.344 142.656 5.109 40.385 3.481 166.519 5.661 42.208 3.931 182.069 6.513 42.011 4.146 174.859 8.647 46.206 6.109 251.892 9.628 56.799 7.838 309.174 8.991 61.633 9.046 328.948 8.712 64.673 8.714 290.289 10.447 68.823 13.241 404.736 10 11 12 13 1 TOTAL CREDIT MARKET DEBT 2 U.S. GOVERNMENT SECURITIES 3 STATE + LOCAL OBLIGATIONS 4 CORPORATE + FOREIGN BONDS 5 MORTGAGES 6 7 8 9 10 11 12 13 CONSUMER CREDIT BANK LOANS N.E.C. OPEN-MARKET PAPER OTHER LOANS MILLIONS OF DOLLARS OCTOBER 1979 CREDIT MARKET DEBT CREDIT MARKET DEBT 91 SUMMARY OF CREDIT MARKET DEBT OUTSTANDING 1959 YEAR-END OUTSTANDINGS, 1959-68 YEAR-END OUTSTANDINGS, 1961 1960 1962 1963 1964 1965 1966 1967 1959-68 1968 CREDIT MARKET DEBT OWED BY NONFINANCIAL SECTORS TOTAL CREDIT MARKET DEBT OWED BY NONFINANCIAL SECTORS 1 292.631 279.637 12.994 U.S. GOVERNMENT TREASURY ISSUES AGENCY ISSUES + MORTGAGES 2 3 4 876.942 615.281 113.703 122.682 378.896 244.948 43.095 65.836 25.017 959.089 667.018 123.219 135.575 408.224 262.114 46.531 72.402 27.177 PRIVATE DOMESTIC NONFINANCIAL SECTORS DEBT CAPITAL INSTRUMENTS STATE + LOCAL OBLIGATIONS CORPORATE BONDS MORTGAGES HOME MORTGAGES MULTI-FAMILY RESID. COMMERCIAL FARM 242.957 88.198 109.749 2.685 42.325 261.661 97.002 115.430 4.338 44.891 292.071 109.696 126.949 5.823 49.603 749.314 103.055 343.555 812.259 109.329 367.401 876.942 117.282 388.603 959.089 127.212 421.617 BY BORROWING SECTOR: STATE + LOCAL GOVERNMENTS HOUSEHOLDS 19 20 21 272.974 29.009 41.191 202.774 302.704 32.311 46.945 223.448 335.529 35.504 52.446 247.579 371.057 38.815 57.296 274.946 410.260 41.583 62.489 306.188 NONFINANCIAL BUSINESS FARM NONFARM NONCORPORATE CORPORATE 22 23 24 25 35.356 8.675 6.512 2.621 17.548 37.765 9.135 7.101 2.501 19.028 39.225 9.870 7.051 2.540 19.764 43.064 11.086 6.695 3.013 22.270 45.750 12.170 6.296 2.854 24.430 FOREIGN CREDIT MARKET DEBT OWED TO U.S. BONDS BANK LOANS N.E.C. OPEN-MARKET PAPER U.S. GOVERNMENT LOANS 26 27 28 29 30 1 713.433 749.699 795.301 850.708 910.266 977.854 1049.513 1117.547 1199.069 1297.470 2 3 4 238.335 236.539 1. 796 236.274 234.334 1.940 243.475 241.006 2.469 250.468 247.196 3.272 254.441 251.278 3. 163 260.670 256.622 4.048 262.434 257.919 4.515 266.063 260.255 5.808 279.063 269.163 9.900 5 6 7 8 9 10 11 12 13 453.662 327.064 65.486 71.856 189.722 129.561 17.853 30.207 12.101 490.175 352.587 70.766 75.312 206.509 140.754 19.534 33.383 12.838 526.323 382.417 75.851 79.952 226.614 153.183 22.148 37.366 13.917 572.195 415.348 81.209 84.501 249.638 167.303 24.998 42.144 15.193 624.637 451.493 86.932 88.414 276.147 183.868 28.228 47.229 16.822 681.828 489.208 92.933 92.408 303.867 201.119 32.752 51.054 18.942 749.314 529.383 100.278 97.800 331.305 218.281 36.368 55.469 21.187 812.259 569.302 105.925 108.024 355.353 231.649 39.492 61.160 23.052 14 15 16 17 18 126.598 44.880 60.741 908 20.069 137.588 47.668 65.104 1.603 23.213 143.906 49.500 67.635 1.989 24.782 156.847 53.944 73.917 2.096 26.890 173.144 58.756 82.805 1.633 29.950 192.620 64.696 92.591 1.889 33.444 219.931 77.591 103.207 1.688 37.445 19 20 21 453.662 66.521 200-652 490.175 72.006 218.377 526.323 77.317 234.967 572.195 83.179 257.035 624.637 89.135 283.917 681.828 95.397 313.457 22 23 24 25 186.489 18.934 24.224 143.331 199.792 19.965 25.924 153.903 214.039 21.558 28.193 164.288 231.981 23.856 31.361 176.764 251.585 26.406 35.851 189.328 26 27 28 29 30 21.436 5.207 2.861 558 12.810 23.250 5.784 3.010 1.193 13.263 25.503 6.221 3.740 1.788 13.754 28.045 7.215 4.153 1.752 14.925 31.188 8.208 4.785 2.225 15.970 OTHER DEBT INSTRUMENTS BANK LOANS N.E.C. CONSUMER CREDIT OPEN-MARKET PAPER OTHER 5 6 7 8 9 10 11 12 13 14 15 16 17 18 CREDIT MARKET DEBT OWED BY FINANCIAL SECTORS 1 26.951 30.223 32.577 37.756 45.130 50.359 59.090 67.024 66.239 76.311 TOTAL CREDIT MARKET DEBT OWED BY FINANCIAL SECTORS 1 2 3 4 5 7.463 7. 120 204 139 8.099 7.860 202 37 8.868 8.474 290 104 10.490 9.988 413 89 12.049 11.524 525 0 12.692 11.937 624 131 15.051 13.846 869 336 20.321 18.904 1.314 103 20.374 18.350 1.988 36 24.388 21.579 2.526 283 U.S. GOVT.-RELATED SPONSORED CR. AG. SEC. MORTGAGE POOL SECURITIES LOANS FROM U.S. GOVERNMENT 2 3 4 5 6 7 8 9 10 11 19.488 7. 733 1.293 5. 441 2. 887 2. 134 22.124 9.112 1.186 6.117 3.728 1.981 23.709 9.262 1.550 6.643 3.592 2.662 27.266 9.222 1.999 7.764 4.802 3.479 33.081 10.530 2.528 9.417 5.822 4.784 37.667 12.834 2.239 9.952 7.317 5.325 44.039 15.051 2.198 12.290 8.503 5.997 46.703 15.275 1.270 11.200 12.023 6.935 45.865 15.954 2.257 9.217 14.051 4.386 51.923 16.400 2.649 10.691 16.924 5.259 PRIVATE FINANCIAL SECTORS CORPORATE BONDS MORTGAGES BANK LOANS N.E.C. OPEN-MARKET PAPER LOANS FROM FHLB'S 6 7 8 9 10 11 12 13 14 26.951 7.259 204 30.223 7.897 202 32.577 8.578 290 37.756 10.077 413 45.130 11.524 525 50.359 12.068 624 59.090 14.182 869 67.024 19.007 1.314 66.239 18.386 1.988 76.311 21.862 2.526 TOTAL, BY SECTOR SPONSORED CREDIT AGENCIES MORTGAGE POOLS 12 13 14 15 16 17 18 19 20 19.488 0 0 3.680 15.808 0 22.124 0 0 3.385 18.739 0 23.709 0 0 4.408 19.301 0 27.266 0 0 5.632 21.634 0 33.081 233 0 7.556 25.292 0 37.667 773 0 7.849 29.045 0 44.039 1.590 0 8.654 33.795 0 46.703 1.694 0 8.737 36.272 0 45.865 1.963 0 7.03 5 36.867 0 51.923 2.221 0 8.167 40.769 766 PRIVATE FINANCIAL SECTORS COMMERCIAL BANKS BANK AFFILIATES SAVINGS + LOAN ASSNS. FINANCE COMPANIES REITS 15 16 17 18 19 20 TOTAL CREDIT MARKET DEBT OUTSTANDING, ALL SECTORS, BY TYPE 1 2 3 4 5 740.384 244.812 65.486 84.796 191.862 779.922 243.084 70.766 90.208 208.947 827.878 250.765 75.851 95.435 229.638 888.464 259.135 81.209 100.938 253.371 6 7 8 9 60.741 53.182 4. 353 35.152 65.104 56.795 6.524 38.494 67.635 59.883 7.369 41.302 73.917 65.861 8.650 45.383 82.805 72.958 9.680 50.704 92.591 81.160 11.827 56.448 103.207 96.982 12.692 62.806 109.749 106.449 17.248 69.127 115.430 112.914 21.402 71.583 126.949 126.683 25.601 79.575 CONSUMER CREDIT BANK LOANS N.E.C. OPEN-MARKET PAPER OTHER LOANS 10 11 12 13 10.510 75.313 15.818 438.170 10.864 79.779 17.026 433.972 13.113 83.319 22.875 551.121 13.761 87.534 21.271 484.414 16.414 94.705 25.214 571.807 16.830 102.282 29. 116 632.970 17.954 115.380 35.220 713.748 18.729 126.109 34.829 647.824 25.752 134.834 44.701 823.938 SELECTED 32.334 152.901 52.677 981.352 CLAIMS NOT INCLUDED ABOVE: SECURITY CREDIT TRADE CREDIT investment COMPANY SHARES OTHER CORPORATE EQUITIES MILLIONS OF DOLLARS 955.396 1028.213 1108.603 1184.571 1265.308 1373.781 264.694 271.405 275.304 284.498 297.681 315.082 100.278 86.932 92.933 105.925 113.703 123.219 113.917 121.986 133.169 107.152 149.722 164.145 280.471 307.932 335.348 358.406 382.873 412.527 TOTAL CREDIT MARKET DEBT U.S. GOVERNMENT SECURITIES STATE + LOCAL OBLIGATIONS CORPORATE + FOREIGN BONDS MORTGAGES 1 2 3 4 5 6 7 8 9 10 11 12 13 OCTOBER 1979 CREDIT MARKET DEBT 92 CREDIT MARKET DEBT SUMMARY OF CREDIT MARKET DEBT OUTSTANDING YEAR-END OUTSTANDINGS, YEAR-END OUTSTANDINGS, 1969-78 1969 1970 1971 1972 1973 1974 1975 1976 1977 1969-78 1978 CREDIT MARKET DEBT OWED BY NONFINANCIAL SECTORS 1 TOTAL CREDIT MARKET DEBT OWED BY NONFINANCIAL SECTORS 2 U.S. GOVERNMENT TREASURY ISSUES 3 4 AGENCY ISSUES + MORTGAGES 5 6 7 8 9 10 11 12 13 14 15 16 17 18 PRIVATE DOMESTIC NONFINANCIAL SECTORS DEBT CAPITAL INSTRUMENTS STATE + LOCAL OBLIGATIONS CORPORATE BONDS MORTGAGES HOME MORTGAGES MULTI-FAMILY RESID. COMMERCIAL FARM OTHER DEBT INSTRUMENTS BANK LOANS N.E.C. CONSUMER CREDIT OPEN-MARKET PAPER OTHER 1387.783 1482.895 1624.709 1791.555 1987.256 2172.554 2374.901 2636.096 2971.805 3368.477 288.967 278.358 10.609 300.818 291.242 9.576 325.716 317.262 8.454 340.791 331.524 9.267 349.057 339.431 9.626 360.848 351.458 9.390 446.253 437.306 8.947 515.756 506.445 9.311 572.519 564.094 8.425 1 626.200 619.207 6.993 2 3 4 1049.893 1130.446 1242.828 1389.422 1570.519 1730.578 1834.306 2005.431 2270.775 2576.761 719.475 779.708 866.432 968.525 1073.579 1171.280 1271.484 1395.635 1571.563 1768.165 133.145 144.376 176.507 191.215 207.695 223.843 239.507 263.160 161.798 291.438 147.550 167.306 198.300 207.459 277.164 298.141 318.257 254.333 186.113 227.129 518.521 593.718 674.905 736.456 793.308 878.964 1010.262 1158.470 438.780 468.026 280.241 365.143 549.616 646.248 751.168 294.620 322.618 411.544 446.127 485.633 68.332 91.375 98.269 98.859 110.139 120.399 58.410 81.017 102.726 51.461 78.083 85.170 95.364 111.800 157.939 169.591 130.733 145.772 188.207 210.907 32.207 50.877 29.826 35.758 41.253 46.288 57.031 65.668 75.996 28.995 5 6 7 8 9 10 11 12 13 609.796 217.158 248.841 21.214 122.583 808.596 279.381 339.977 25.433 163.805 14 15 16 17 18 1049.893 1130.446 1242.828 1389.422 1570.519 1730.578 1834.306 2005.431 2270.775 2576.761 137.884 181.399 193.701 222.946 258.524 149.192 166.893 238.161 209.209 282.088 526.596 591.506 722.787 481.184 671.698 772.265 863.259 1003.414 1164.846 456.119 19 20 21 330.418 125.528 137.742 7.638 59.510 350.738 133.060 143.113 10.223 64.342 376.396 140.683 157.795 9.866 68.052 420.897 157.631 177.639 10.640 74.987 496.940 194.698 203.661 13.118 85.463 559.298 226.784 213.591 19.760 99.163 562.822 214.202 223.265 17.196 108.159 19 20 21 BY BORROWING SECTOR: STATE + LOCAL GOVERNMENTS HOUSEHOLDS 22 23 24 25 NONFINANCIAL BUSINESS FARM NONFARM NONCORPORATE CORPORATE 455.890 44.617 69.845 341.428 500.070 46.922 76.766 376.382 549.339 51.390 88.478 409.471 616.517 57.210 102.641 456.666 705.120 67.046 116.298 521.776 798.582 75.060 123.698 599.824 839.095 83.851 125.778 629.466 26 27 28 29 30 FOREIGN CREDIT MARKET DEBT OWED TO U.S. BONDS BANK LOANS N.E.C. OPEN-MARKET PAPER U.S. GOVERNMENT LOANS 48.923 13.198 6.029 3.169 26.527 51.631 14.072 5.824 3.968 27.767 56.165 15.012 7.291 4.270 29.592 61.342 16.042 10.389 3.226 31.685 67.680 17.000 13.104 4.156 33.420 81.128 19.102 17.760 11.418 32.848 94.342 25.318 21.619 11.706 35.699 699.212 243.935 289.398 24.250 141.629 904.011 1008.837 1129.827 94.804 109.360 127.575 130.310 143.264 156.580 678.897 756.213 845.672 22 23 24 25 26 27 28 29 30 114.909 33.878 28.395 13.640 38.996 128.511 38.929 31.449 16.059 42.074 165.516 42.942 49.940 26.646 45.988 CREDIT MARKET DEBT OWED BY FINANCIAL SECTORS 1 TOTAL CREDIT MARKET DEBT OWED BY FINANCIAL SECTORS 102.956 116.075 126.997 150.292 193.631 232.137 244.276 267.523 319.578 399.334 1 2 3 4 5 U.S. GOVT.-RELATED SPONSORED CR. AG. SEC. MORTGAGE POOL SECURITIES LOANS FROM U.S. GOVERNMENT 33.849 30.645 3.204 0 43.634 38.879 4.755 0 49.547 40.021 9.526 0 57.946 43.542 14.404 0 77.877 59.837 18.040 0 100.933 76.439 23.799 695 114.478 78.781 34.138 1.559 133.079 82.106 49.801 1.172 158.486 88.197 70.289 0 199.899 111.266 88.633 0 2 3 4 5 PRIVATE FINANCIAL SECTORS CORPORATE BONDS MORTGAGES BANK LOANS N.E.C. OPEN-MARKET PAPER LOANS FROM FHLB'S 69.107 17.226 2.885 12.463 27.244 9.289 72.441 19.902 3.624 12.362 25.938 10.615 77.450 23.668 5.709 14.258 25.879 7.936 92.346 28.801 7.369 20.444 27.753 7.979 115.754 32.315 6.147 29.454 32.691 15.147 131.204 34.413 4. 893 33.644 36.450 21.804 129.798 37.361 7.156 29.921 37.515 17.845 134.444 43.202 9.256 26.414 39.710 15.862 161.092 53.323 12.339 26.034 49.223 20.173 199.435 60.800 13.260 28.848 63.857 32.670 6 7 8 9 10 11 12 TOTAL, BY SECTOR 13 SPONSORED CREDIT AGENCIES 14 MORTGAGE POOLS 102.956 30.645 3.204 116.075 38.879 4.755 126.997 40.021 9.526 150.292 43.542 14.404 193.631 59.837 18.040 232.137 77.134 23.799 244.276 80.340 34.138 267.523 83.278 49.801 319.578 88.197 70.289 399.334 111.266 88.633 12 13 14 69.107 2.037 4.294 12.271 49.025 1 .480 72.441 2.135 2.349 14.116 51.662 2.179 77.450 2.990 1.973 14.050 54.326 4.111 92.346 4.127 2.637 15.710 61.112 8.760 115.754 4.135 4.881 21.735 70.653 14.350 131.204 4.290 8.332 26.520 76.242 15.820 129.798 4.479 8.654 24.208 76.748 15.709 134.444 5.161 7.859 24.258 83.388 13.778 161.092 5.715 9.135 34.181 100.782 11.279 199.435 5.892 15.835 48.493 119.553 9.662 15 16 17 18 19 20 1490.739 1598.970 1751.706 1941.847 2180.887 2404.691 2619.177 2903.619 3291.383 3767.811 342.954 558.099 646.681 825.327 321.243 373.837 397.397 425.665 459.923 730.136 176.507 191.215 263.160 144.376 161.798 207.695 223.843 239.507 291.438 133.145 354.244 421.999 177.974 201.280 224.793 243.143 256.774 317.012 390.393 280.644 602.427 801.537 525.656 742.512 443.238 682.321 889.202 1023.470 1172.502 473.148 1 2 3 4 5 6 7 8 9 10 11 15 16 17 18 19 20 PRIVATE FINANCIAL SECTORS COMMERCIAL BANKS BANK AFFILIATES SAVINGS + LOAN ASSNS. FINANCE COMPANIES REITS TOTAL CREDIT MARKET DEBT OUTSTANDING, 1 TOTAL CREDIT MARKET DEBT 2 U.S. GOVERNMENT SECURITIES 3 STATE + LOCAL OBLIGATIONS CORPORATE + FOREIGN BONDS 4 5 MORTGAGES 6 7 8 9 10 11 12 13 CONSUMER CREDIT BANK LOANS N.E.C. OPEN-MARKET PAPER OTHER LOANS 137.742 144.020 38.051 95.326 SELECTED CLAIMS NOT INCLUDED ABOVE: SECURITY CREDIT 25.676 TRADE CREDIT 175.410 48.289 INVESTMENT COMPANY SHARES OTHER CORPORATE EQUITIES 866.353 MILLIONS OF DOLLARS 143.113 151.246 40.129 102.724 ALL SECTORS , BY TYPE 177.639 188.464 41.619 114.651 203.661 237.256 49.965 134.030 213.591 278.188 67.628 154.510 223.265 265.742 66.417 163.262 37.444 24.877 28.722 221.178 196.741 185.191 56.694 47.618 59.831 859.373 1003.741 1138.137 29.499 263.904 46.519 901.426 24.730 210.931 34.061 641.711 41.146 28.466 246.808 223.352 42.178 46.991 849.485 1059.653 157.795 162.232 40.015 105.580 248.841 271.967 74.564 178.613 289.398 301.418 89.532 203.876 339.977 358.169 115.936 242.463 6 7 8 9 47.557 47.200 325.780 273.762 42.565 42.773 996 .610 1043.538 10 11 12 13 OCTOBER 1979 CREDIT MARKET SUPPLY OF FUNDS CREDIT MARKET SUPPLY OF FUNDS 93 DIRECT AND INDIRECT SOURCES OF FUNDS TO CREDIT MARKETS YEAR-END OUTSTANDINGS, 1949-58 YEAR-END OUTSTANDINGS, 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1 397.356 421.837 444.296 475.353 504.588 530.463 566.443 593.888 621.978 661.915 2 3 4 5 6 39.222 21.202 1.204 427 16.389 43.477 24.213 1.508 810 16.946 48.245 27.216 2.123 911 17.995 51.966 29.245 2.597 864 19.260 55.795 31.039 2.954 952 20.850 55.405 30.560 3.038 867 20.940 57.751 31.579 3.398 1.417 21.357 60.835 32.836 3.960 1.228 22.811 62.649 32.258 5.156 1.265 23.970 66.624 34.560 5.265 1.298 25.501 7 8 9 10 15.273 2.654 18.957 2.338 15.976 3.139 20.781 3.581 17.274 3.567 23.806 3.598 18.816 3.700 24.732 4.718 20.785 3.768 25.932 5.310 20.495 4.102 25.066 5.742 21.109 5.116 24.815 6.711 21.770 6.197 25.010 7.858 22.411 7.520 24.309 8.409 23.890 7.874 26.414 8.446 11 1.454 1. 860 2.098 2.155 2. 159 2. 142 3.187 3.958 5.102 5.175 1949-58 TOTAL CREDIT MARKET DEBT CLAIMS AGAINST NONFINANCIAL SECTORS 1 BY PUBLIC AGENCIES + FOREIGN TOTAL HELD U.S. GOVERNMENT SECURITIES RESIDENTIAL MORTGAGES FHLB ADVANCES TO S+L’S OTHER LOANS + SECURITIES BY AGENCY: U.S. GOVERNMENT GOVT-RELATED AG. + POOLS MONETARY AUTHORITIES FOREIGN AGENCY DEBT AND MORTGAGE POOL SECURITIES NOT IN LINE 1 2 3 4 5 6 7 8 9 10 11 PRIVATE DOMESTIC HOLDINGS 12 13 14 15 16 17 18 359.588 197.922 21.049 36.754 43.971 60.319 427 380.220 194.138 24.381 38.539 52.647 71.325 810 398.149 190.935 26.559 42.005 59.869 79.692 911 425.542 194.328 30.243 46.681 66.892 88.262 864 450.952 199.558 34.512 49.910 74.719 93.205 952 477.200 202.418 40.594 53.333 84.515 97.207 867 511.879 201.571 45.870 55.923 97.429 112.503 1.417 537.011 194.974 49.461 59.781 108.218 .125.805 1.228 564.431 194.625 53.708 66.442 116.216 134.705 1.265 600.466 201.281 59.206 72.990 127.826 140.461 1.298 TOTAL PRIVATE HOLDINGS U.S. GOVERNMENT SECURITIES STATE + LOCAL OBLIGATIONS CORPORATE + FOREIGN BONDS RESIDENTIAL MORTGAGES OTHER MORTGAGES + LOANS LESS: FHLB ADVANCES 12 13 14 15 16 17 18 PRIVATE FINANCIAL INTERMEDIATION 19 20 21 22 23 231.015 118.807 34.447 69. 103 8.658 248.133 125.287 37.757 75. 106 9.983 263.669 131.879 40.727 80.836 10.227 287.231 140.563 45.654 88^274 12.740 306.976 144.223 51.469 96.707 14.577 332.156 153.605 57.944 105.213 15.394 356.968 158.064 66.125 113.628 19.151 378.617 163.241 73.470 121.962 19.944 401.476 168.150 80.717 130.813 21.796 434.552 183.147 89.792 140.029 21.584 CREDIT MARKET CLAIMS HELD BY PRIVATE FINAN. INSTITUTIONS COMM.ERCIAL BANKING SAVINGS INSTITUTIONS INSURANCE + PENSION FUNDS OTHER FINANCE 24 25 26 231.015 147.426 4.468 248.133 154.911 6.277 263.669 165.696 6.826 287.231 176.761 8.201 306.976 186.130 9.870 332.156 199.983 10.001 356.968 210.740 14.207 378.617 221.522 14.706 401.476 232.462 15.912 434.552 252.595 15.610 SOURCES OF FUNDS 24 PRIVATE DOMESTIC DEP. + RP’S 25 CREDIT MARKET DEBT 26 27 28 29 30 31 79.121 4.563 3.071 58.488 12.999 86.945 5.062 2.806 63.354 15.723 91.147 5.042 3.359 68.382 14.364 102.269 5.515 4.941 74.319 17.494 110.976 5.588 4.146 80.886 20.356 122.172 6.337 4.172 87.163 24.500 132.021 6.177 3.709 94.039 28.096 142.389 6.606 3.733 101.537 30.513 153.102 6.594 3.898 109.429 33.181 166.347 7.531 4.250 116.660 37.906 OTHER SOURCES FOREIGN FUNDS TREASURY BALANCES INSURANCE + PENSION RES. OTHER, NET 19 20 21 22 23 27 28 29 30 31 PRIVATE DOMESTIC NONFINANCIAL INVESTORS 32 33 34 35 36 37 133.041 89.832 10.876 6. 897 467 24.969 138.364 92.862 11.875 6.000 427 27.200 141.306 93.133 12.434 6.114 505 29.120 146.512 94.054 14.467 6.087 656 31.248 153.846 97.332 16.671 5.989 1.052 32.802 155.045 95.005 19.334 5.064 1.164 34.478 169.118 102.387 23.045 5.594 1.334 36.758 173.100 100.426 25.321 6.707 1.470 39.176 178.867 100.589 27.259 7.639 1.714 41.666 181.524 97.783 28.698 8.859 1.352 44.832 CREDIT MARKET CLAIMS U.S. GOVERNMENT SECURITIES STATE + LOCAL OBLIGATIONS CORPORATE + FOREIGN BONDS OPEN-MARKET PAPER OTHER 32 33 34 35 36 37 38 39 40 41 42 43 44 173.011 0 0 66.688 0 34.327 32.361 180.478 0 0 69.182 0 34.421 34.761 192.205 0 0 74.072 0 36.247 37.825 204.441 0 0 81.961 0 39.144 42.817 214.399 0 0 90.435 0 41.923 48.512 228.023 0 0 100.246 0 45.172 55.074 239.216 0 0 108.713 0 46.639 62.074 250.051 0 0 118.141 0 48.915 69.226 260.961 0 0 130.446 0 54.468 75.978 281.539 0 0 146.005 0 61.464 84.541 DEPOSITS + CURRENCY SECURITY RP’S MONEY MARKET FUND SHARES TIME + SAVINGS ACCOUNTS LARGE NEGOTIABLE CD’S OTHER AT COMMERCIAL BANKS AT SAVINGS INSTITUTIONS 38 39 40 41 42 43 44 45 46 47 106.323 80.738 25.585 111.296 85.729 25.567 118.133 91.624 26.509 122.480 94.800 27.680 123.964 95.695 28.269 127.777 99.737 28.040 130.503 102.027 28.476 131.910 103.381 28.529 130.515 102.016 28.499 135.534 106.590 28.944 48 306.052 318.842 333.511 350.953 368.245 383.068 408.334 423.151 439.828 463.063 49 50 51 9.870 64.244 6.901 10.306 65.260 8.643 10.858 66.223 8.640 10.932 67.497 10.233 11.057 68.072 10.898 10.444 69.605 12.079 10.195 69.736 12.888 10.243 70.504 14.464 10.072 71.129 15.003 10.065 72.369 15.977 MONEY DEMAND DEPOSITS CURRENCY TOTAL OF CREDIT MARKET INSTRU MENTS, DEPOSITS + CURRENCY PUBLIC SUPPORT RATE (?) PVT. FINAN. INTERMEDIATION (?) TOTAL FOREIGN FUNDS 45 46 47 48 49 50 51 CORPORATE EQUITIES NOT INCLUDED ABOVE 1 2 3 120.000 3.070 116.930 146.000 3.344 142.656 170.000 3.481 166.519 186.000 3.931 182.069 179.005 4.146 174.859 258.001 6. 109 251.892 317.012 7.838 309.174 337.994 9.046 328.948 299.003 8.714 290.289 417.977 13.241 404.736 TOTAL MARKET VALUE INVESTMENT COMPANY SHARES OTHER EQUITIES 1 2 3 4 5 8.065 111.935 9.412 136.588 10.257 159.743 11.866 174.134 12.941 166.064 17.728 240.273 24.144 292.868 25.946 312.048 25.530 273.473 36.361 381.616 ACQ. BY FINANCIAL INSTITUTIONS OTHER HOLDINGS 4 5 MILLIONS OF DOLLARS OCTOBER 1979 CREOIT MARKET SUPPLY OF FUNDS CREDIT MARKET SUPPLY OF FUNDS 94 DIRECT AND INDIRECT SOURCES OF FUNDS TO CREDIT MARKETS YEAR-END OUTSTANDINGS, YEAR-END OUTSTANDINGS, 1959-68 1959 1960 1961 1962 1963 713.433 749.699 795.301 850.708 910.266 73.875 37.977 7.160 2.134 26.604 78.007 39.423 8.162 1.981 28.441 82.840 41.329 8.431 2.662 30.418 90.344 44.932 8.489 3.479 33.444 97.004 48.737 7.257 4.784 36.226 104.816 52.163 7.105 5.325 40.223 114.127 55.986 7.618 5.997 44.526 126.054 59.314 10.739 6.935 49.066 25.714 10.112 26.728 11.321 26.780 11.294 27.466 12.467 28.452 12.418 28.947 13.023 30.855 14.157 30.931 14.401 32.295 15.823 33.787 15.099 35.093 16.631 37.168 15.924 37.926 19.134 40.996 16.071 7.463 8.099 8.868 10.490 12.049 12.692 15.051 647.021 206.835 65.486 76.474 141.101 159.259 2.134 679.791 203.661 70.766 80.428 153.378 173.539 1.981 721.329 209.436 75.851 85.504 168.374 184.826 2.662 770.854 214.203 81.209 91.022 185.546 202.353 3.479 825.311 215.957 86.932 95.871 206.635 224.700 4.784 463.368 187.928 100.245 149.829 25.366 496.180 196.946 109.840 159.628 29.766 535.232 212.510 121.810 169.623 31.289 583.325 231.743 135.872 180.942 34.768 24 SOURCES OF FUNDS 25 PRIVATE DOMESTIC DEP. + RP'S CREDIT MARKET DEBT 26 463.368 264.021 19.488 496.180 279.599 22.124 535.232 302.930 23.709 27 28 29 30 31 179.859 6.847 5.050 125.266 42.696 194.457 7.941 5.945 133.360 47.211 1 TOTAL CREDIT MARKET DEBT CLAIMS AGAINST NONFINANCIAL SECTORS 1964 1965 1966 1967 1959-68 1968 977.854 1049.513 1117.547 1199.069 1297.470 1 138.100 66.175 13.294 4.386 54.245 150.739 69.505 16.617 5.259 59.358 2 3 4 5 6 42.442 24.647 44.509 14.456 47.055 25.277 49.314 16.454 51.951 29.044 52.995 16.749 7 8 9 10 20.321 20.374 24.388 11 885.730 219.242 92.933 100.124 228.592 250.164 5.325 950.437 1011.814 1081.343 1171.119 225.184 231.506 245.577 219.318 123.219 100.278 113.703 105.925 132.464 146.254 106.123 116.462 276.469 248.876 293.682 262.185 281.839 308.993 331.587 367.646 4.386 5.259 5.997 6.935 12 13 14 15 16 17 18 633.158 249.024 153.387 192.413 38.334 690.329 271.832 169.597 205.289 43.611 752.241 300.589 183.971 218.747 48.934 798.781 318.153 192.298 234.807 53.523 862.634 354.278 207.309 247.866 53.181 938.320 393.113 222.873 261.563 60.771 19 20 21 22 23 583.325 333.182 27.266 633.158 364.153 33.081 690.329 398.865 37.667 752.241 437.371 44.039 798.781 460.072 46.703 862.634 509.546 45.865 938.320 555.864 51.923 24 25 26 208.593 9.096 5.946 140.747 52.804 222.877 9.623 7.158 149.862 56.234 235.924 10.992 6.548 159.244 59.140 253.797 13.690 6.510 170. 726 62.871 270.831 14.494 5.525 181.533 69.279 292.006 18.069 4.992 195.672 73.273 307.223 20.228 5.234 206.454 75.307 330.533 22.664 5.010 216.851 86.008 27 28 29 30 31 BY PUBLIC AGENCIES + FOREIGN 2 TOTAL HELD 3 U.S- GOVERNMENT SECURITIES 4 RESIDENTIAL MORTGAGES 5 FHLB ADVANCES TO S+L'S 6 OTHER LOANS + SECURITIES BY AGENCY: U.S. GOVERNMENT GOVT-RELATED AG. + POOLS MONETARY AUTHORITIES FOREIGN AGENCY DEBT AND MORTGAGE POOL 11 SECURITIES NOT IN LINE 1 7 8 9 10 PRIVATE DOMESTIC HOLDINGS 12 TOTAL PRIVATE HOLDINGS 13 U.S. GOVERNMENT SECURITIES 14 STATE + LOCAL OBLIGATIONS CORPORATE + FOREIGN BONDS 15 16 RESIDENTIAL MORTGAGES 17 OTHER MORTGAGES + LOANS 18 LESS: FHLB ADVANCES PRIVATE FINANCIAL INTERMEDIATION 19 20 21 22 23 CREDIT MARKET CLAIMS HELD BY PRIVATE FINAN. INSTITUTIONS COMMERCIAL BANKING SAVINGS INSTITUTIONS INSURANCE + PENSION FUNDS OTHER FINANCE OTHER SOURCES FOREIGN FUNDS TREASURY BALANCES INSURANCE + PENSION RES. OTHER, NET PRIVATE DOMESTIC NONFINANCIAL INVESTORS 32 CREDIT MARKET CLAIMS 33 U.S. GOVERNMENT SECURITIES STATE + LOCAL OBLIGATIONS 34 35 CORPORATE + FOREIGN BONDS 36 OPEN-MARKET PAPER OTHER 37 203.141 111.057 32.695 9.301 96 8 49.120 205.735 105.365 35.931 9.996 2.754 51.689 209.806 104.076 37.166 9.855 3.251 55.458 214.795 105.499 36.766 9.374 4.012 59.144 225.234 110.292 38.107 9.544 4.911 62.380 233.068 111.391 40.530 9.041 6.536 65.570 242.235 114.638 43.179 9.523 7.012 67.883 259.736 122.339 46.207 10.855 9.519 70.816 264.574 121.234 43.543 14.719 11.545 73.533 284.722 129.855 43.530 18.998 15.203 77.136 32 33 34 35 36 37 38 DEPOSITS + CURRENCY 39 SECURITY RP'S 40 MONEY MARKET FUND SHARES 41 TIME + SAVINGS ACCOUNTS 42 LARGE NEGOTIABLE CD'S 43 OTHER AT COMMERCIAL BANKS 44 AT SAVINGS INSTITUTIONS 293.599 0 0 156.731 0 64.178 92.553 309.123 0 0 171.659 1.095 68.540 102.024 333.161 0 0 191.956 3. 123 75.786 113.047 364.003 0 0 219.978 5.804 88.190 125.984 397.586 0 0 248.559 9.210 98.316 141.033 433.952 309 0 277.345 11.443 109.177 156.725 474.576 593 0 309.871 15.011 125.064 169.796 499.285 895 0 329.781 14.560 138.248 176.973 550.782 670 0 368.455 18.494 156.510 193.451 599.631 1.121 0 402.053 21.789 173.932 206.332 38 39 40 41 42 43 44 136.868 107.290 29.578 137.464 107.940 29.524 141.205 110.974 30.231 144.025 113.204 30.821 149.027 115.594 33.433 156.298 121.211 35.087 164.112 126.907 37.205 168.609 129.396 39.213 181.657 140.421 41.236 196.457 152.690 43.767 45 46 47 TOTAL OF CREDIT MARKET IN$TRUMENTS, DEPOSITS + CURRENCY 496.740 514.858 542.967 578.798 622.820 667.020 716.811 759.021 815.356 884.353 48 49 PUBLIC SUPPORT RATE (S) 50 PVT. FINAN. INTERMEDIATION (?) 51 TOTAL FOREIGN FUNDS 10.354 71.615 18.168 10.405 72.990 20.408 10.416 74.200 22.119 10.619 75.672 24.024 10.656 76.717 26.091 10.718 77.938 29.614 10.874 79.146 30.565 11.279 78.945 32.525 11.517 79.774 36.682 11.617 80.121 39.413 49 50 51 45 46 47 48 MONEY DEMAND DEPOSITS CURRENCY CORPORATE EQUITIES NOT INCLUDED ABOVE 1 TOTAL MARKET VALUE 2 INVESTMENT COMPANY SHARES 3 OTHER EQUITIES 453.988 15.818 438.170 450.998 17.026 433.972 573.996 22.875 551.121 505.685 21.271 484.414 597.021 25.214 571.807 662.086 29.116 632.970 748.968 35.220 713.748 682.653 34.829 647.824 868.639 44.701 823.938 1034.029 52.677 981.352 1 2 3 4 ACQ. BY FINANCIAL 5 OTHER HOLDINGS 42.634 411.354 46.238 404.760 61.384 512.612 57.915 447.770 70.643 526.378 83.548 578.538 98.774 650.194 94.398 588.255 122.295 746.344 145.137 888.892 4 5 MILLIONS OF DOLLARS INSTITUTIONS OCTOBER 1979 CREDIT MARKET SUPPLY OF FUNDS CREDIT MARKET SUPPLY OF FUNDS 95 DIRECT AND INDIRECT SOURCES OF FUNDS TO CREDIT MARKETS YEAR-END OUTSTANDINGS, 1969 1 1970 YEAR-END OUTSTANDINGS, 1969-78 1971 1972 1973 1974 1975 1976 1977 1969-78 1978 1387.783 1482.895 1624.709 1791.555 1987.256 2172.554 2374.901 2636.096 2971.805 3368.477 TOTAL CREDIT MARKET DEBT CLAIMS AGAINST NONFINANCIAL SECTORS 1 BY PUBLIC AGENCIES + FOREIGN 2 3 4 5 6 166.876 69.824 21.740 9.289 66.023 195.370 85.127 28.268 10.615 71.360 238.671 119.563 35.276 7.936 75.896 258.673 127.159 42.312 7.979 81.223 290.706 136.632 50.555 15.147 88.372 342.197 148.508 65.254 21.804 106.631 386.846 170.995 81.483 17.845 116.523 441.141 197.810 94.271 15.862 133.198 526.370 238.015 114.695 20.173 153.487 636.060 281.873 141.153 32.670 180.364 7 8 9 10 55.081 38.311 57.218 16.266 57.768 48.667 62.199 26.736 59.918 54.517 71.065 53.171 62.391 63.364 71.336 61.582 65.462 82.500 80.563 62.181 73.059 109.040 86.713 73.385 88.206 123.876 95.250 79.514 97.160 144.204 105.084 94.693 109.095 170.993 112.228 134.054 129.511 215.592 119.178 171.779 11 33.849 43.634 49.547 57.946 77.877 100.933 114.478 133.079 158.486 199.899 TOTAL HELD U.S. GOVERNMENT SECURITIES RESIDENTIAL MORTGAGES FHLB ADVANCES TO S+L'S OTHER LOANS + SECURITIES BY AGENCY: U.S. GOVERNMENT GOVT-RELATED AG. + POOLS MONETARY AUTHORITIES FOREIGN AGENCY DEBT AND MORTGAGE POOL SECURITIES NOT IN LINE 1 2 3 4 5 6 7 8 9 10 11 PRIVATE DOMESTIC HOLDINGS 12 13 14 15 16 17 18 1254.756 1331.159 1435.585 1590.828 1774.427 1931.290 2102.533 2328.034 2603.921 2932.316 448.871 254.274 492.121 543.454 251.419 257.827 270.238 289.033 311.415 387.104 176.507 191.215 207.695 223.843 239.507 263.160 291.438 133.145 144.376 161.798 350.587 158.721 178.680 198.135 211.281 221.329 242.251 275.078 328.087 305.579 311.535 326.260 405.188 453.633 480.305 642.561 731.186 357.100 504.082 559.053 472.214 634.364 409.225 434.631 535.593 711.428 730.271 898.165 1048.321 790.886 9. 289 15.147 21.804 17.845 10.615 7.936 15.862 20.173 32.670 7.979 TOTAL PRIVATE HOLDINGS U.S. GOVERNMENT SECURITIES STATE + LOCAL OBLIGATIONS CORPORATE + FOREIGN BONDS RESIDENTIAL MORTGAGES OTHER MORTGAGES + LOANS LESS: FHLB ADVANCES 12 13 14 15 16 17 18 PRIVATE FINANCIAL INTERMEDIATION 19 20 21 22 23 995.480 1072.427 1181.950 1330.522 1491.834 1616.959 1741.039 1930.933 2188.171 2485.534 411.767 497.831 568.277 652.916 719.700 749.085 808.710 447.428 896.329 1024.976 237.420 341.616 376.669 400.335 453.596 524.215 682.001 254.825 294.293 606.195 274.746 305.286 345.916 375.744 416.310 466.160 291.720 322.233 535.297 608.938 78.454 84.540 98.396 169.619 71.547 121.180 122.048 131.848 150.350 116.333 CREDIT MARKET CLAIMS HELD BY PRIVATE FINAN. INSTITUTIONS COMMERCIAL BANKING SAVINGS INSTITUTIONS INSURANCE + PENSION FUNDS OTHER FINANCE 24 25 26 995.480 1072.427 1181.950 1330.522 1491.834 1616.959 1741.039 1930.933 2188.171 2485.534 560.491 618.165 809.264 906.549 974.063 1066.018 1190.624 1331.110 1473.721 708.442 92.346 115.754 131.204 129.798 134.444 161.092 69. 107 72.441 77.450 199.435 SOURCES OF FUNDS PRIVATE DOMESTIC DEP. CREDIT MARKET DEBT 27 28 29 30 31 365.882 31.808 5.054 228.871 100.149 381.821 24.277 7.938 242.395 107.211 396.058 19.803 10.169 250.193 115.893 428.912 25.637 10.870 260.804 131.601 469.531 28.654 9.862 281.973 149.042 511.692 38.976 4.804 312.786 155.126 545.223 30.257 3.112 341.539 170.315 605.865 25.703 3.023 374.246 202.893 695.969 27.609 7.315 425.910 235.135 812.378 33.929 14.075 483.788 280.586 32 33 34 35 36 37 328.383 147.510 51.907 24.799 23.075 81.092 331.173 140.176 50.578 34.265 21.071 85.083 331.085 129.304 51.423 43.052 19.135 88.171 352.652 133.530 54.381 48.023 20.436 96.282 398.347 152.337 59.758 50.051 30.204 105.997 445.535 171.264 69.100 55.164 36.039 113.968 491.292 195.397 77.511 63.514 34.700 120.170 531.545 212.015 81.355 69.305 36.615 132.255 576.842 233.680 83.927 66.339 46.091 146.805 646.217 266.586 86.947 64.825 62.396 165.463 38 39 40 41 42 43 44 607.056 3.311 0 399.974 8. 136 177.138 214.700 668.211 234 0 455.319 22.676 201.253 231.390 761.880 1.077 0 534.410 28.984 234.414 271.012 867.132 2.688 0 617.873 36.577 264.852 316.444 968.358 1042.166 1140.313 1272.220 1420.999 1572.896 14.048 16.256 23.729 11.731 13.662 11.485 0 2.379 3.686 3.887 10.808 3.696 956.475 1077.474 1192.699 693.613 759.060 843.017 58.558 54.392 72.820 44.998 54.018 65.378 460.016 294.304 320.325 359.100 417.016 502.756 344.917 365.915 425.359 494.461 563.440 624.565 45 46 47 203.771 157.206 46.565 212.658 162.612 50.046 226.393 172.955 53.438 246.571 188.703 57.868 261.083 199.274 61.809 48 935.439 999.384 1092.965 1219.784 1366.705 1487.701 1631.605 1803.765 1997.841 2219.113 49 50 51 12.024 79.336 48.074 19 20 21 22 23 24 + RP'S 25 26 OTHER SOURCES FOREIGN FUNDS TREASURY BALANCES INSURANCE + PENSION RES. OTHER, NET 27 28 29 30 31 PRIVATE DOMESTIC NONFINANCIAL INVESTORS 13.174 80.563 51.013 14.690 82.332 72.974 14.438 83.637 87.219 14.628 84.074 90.835 269.242 201.139 68.103 15.750 83.724 112.361 281.869 207.574 74.295 16.288 82.806 109.771 298.011 216.415 81.596 16.734 82.942 120.396 323.382 233.493 89.889 17.712 84.033 161.663 345.660 246.485 99.175 18.882 84.763 205.708 CREDIT MARKET CLAIMS U.S. GOVERNMENT SECURITIES STATE + LOCAL OBLIGATIONS CORPORATE + FOREIGN BONDS OPEN-MARKET PAPER OTHER 32 33 34 35 36 37 DEPOSITS + CURRENCY SECURITY RP'S MONEY MARKET FUND SHARES TIME + SAVINGS ACCOUNTS LARGE NEGOTIABLE CD'S OTHER AT COMMERCIAL BANKS AT SAVINGS INSTITUTIONS 38 39 40 41 42 43 44 MONEY DEMAND DEPOSITS CURRENCY TOTAL OF CREDIT MARKET INSTRU MENTS, DEPOSITS + CURRENCY PUBLIC SUPPORT RATE (2) PVT. FINAN. INTERMEDIATION (X) TOTAL FOREIGN FUNDS 45 46 47 48 49 50 51 CORPORATE EQUITIES NOT INCLUDED ABOVE 1 2 3 914.642 48.289 866.353 906.991 1060.435 1197.968 56.694 47.618 59.831 859.373 1003.741 1138.137 947.945 46.519 901.426 675.772 34.061 641.711 891.663 1106.644 1039.383 1086.103 46.991 42.178 42.773 42.565 849.485 1059.653 996.610 1043.538 4 5 141.027 773.615 150.356 756.635 201.774 746.171 146.767 529.005 196.697 694.966 MILLIONS OF DOLLARS 195.564 864.871 244.825 953.143 236.544 870.100 222.689 816.694 235.588 850.515 TOTAL MARKET VALUE INVESTMENT COMPANY SHARES OTHER EQUITIES 1 2 3 ACQ. BY FINANCIAL INSTITUTIONS OTHER HOLDINGS 4 5 OCTOBER 1979 HOUSEHOLDS HOUSEHOLDS SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES 96 YEAR-END OUTSTANDINGS, YEAR-END OUTSTANDINGS, 1949-58 1949 1950 1951 1952 1953 HOUSEHOLDS, PERSONAL TRUSTS, 2 DEP. + CR. MKT. DEPOSITS DEMAND DEP. 1955 1956 1957 1958 AND NONPROFIT ORGANIZATIONS 410.623 446.915 485.821 521.203 534.692 627.920 707.723 754.008 741.532 878.326 1 (1) 219.688 224.286 233.762 246.797 259.835 271.932 289.318 306.992 323.075 340.291 2 + CURRENCY 118.236 53.738 123.036 56.145 131.928 60.299 141.782 62.349 151.050 63.472 161.945 65.218 171.472 66.115 182.492 67.751 193.263 66.600 209.308 68.792 3 4 1 TOTAL FINANCIAL ASSETS 3 4 1954 1949-58 INSTR. 5 6 7 8 TIME + SAVINGS ACCTS. AT COMMERCIAL BANKS AT SAVINGS INST. MONEY MARKET FUND SHRS. 64.498 32.137 32.361 0 66.891 32.130 34.761 0 71.629 33.804 37.825 0 79.433 36.616 42.817 0 87.578 39.066 48.512 0 96.727 41.653 55.074 0 105.357 43.283 62.074 0 114.741 45.515 69.226 0 126.663 50.685 75.978 0 140.516 55.975 84.541 0 5 6 7 8 9 10 11 12 13 14 CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES TREASURY ISSUES SAVINGS BONDS OTHER TREASURY AGENCY ISSUES 101.452 68.847 68.688 49.300 19.388 159 101.250 68.244 68.090 49.552 18.538 154 101.834 67.351 67.040 49.081 17.959 311 105.015 67.835 67.577 49.173 18.404 258 108.785 68.494 68.399 49.371 19.028 95 109.987 66.941 66.840 49.966 16.874 101 117.846 69.313 68.701 50.229 18.472 612 124.500 71.070 69.974 50.135 19.839 1.096 129.812 71.707 69.926 48.226 21.700 1.781 130.983 68.417 67.197 47.703 19.494 1.220 9 10 11 12 13 14 8.643 6.897 16.863 202 9.191 6.000 17.531 284 9.529 6.114 18.425 415 11.543 6.087 19.089 461 13.373 5.989 20.081 848 15.895 5.064 21.214 873 19.347 5.594 22.475 1.117 21.499 6.707 24.059 1. 165 23.190 7.639 25.997 1.279 24.003 8.859 28.562 1.142 15 16 17 18 109.445 3.070 106.375 133.663 3.344 130.319 156.293 3.481 152.812 170.429 3.931 166.498 162.414 4.146 158.268 235.019 6.109 228.910 286.293 7.838 278.455 305.087 9.046 296.041 267.382 8.714 258.668 373.311 13.241 360.070 19 20 21 52.104 20.327 55.049 24.254 57.777 27.820 60.665 32.595 63.647 37.479 66.349 42.654 69.254 50.546 72.724 56.590 75.462 62.678 78.535 72.716 22 23 702 8.357 971 8.692 893 9. 276 714 10.003 708 10.609 1.020 10.946 899 11.413 882 11.733 894 12.041 1.156 12.317 24 25 15 16 17 18 ST. + LOC. OBLIGATIONS CORPORATE + FGN. BONDS MORTGAGES OPEN-MARKET PAPER 19 20 21 CORPORATE EQUITIES INVESTMENT COMPANY SHARES OTHER CORPORATE EQUITIES 22 23 LIFE INSURANCE RESERVES PENSION FUND RESERVES 24 25 SECURITY CREDIT MISCELLANEOUS ASSETS 26 TOTAL LIABILITIES 27 28 29 30 31 32 33 CREDIT MARKET INSTRUMENTS HOME MORTGAGES OTHER MORTGAGES INSTALMENT CONS. CREDIT OTHER CONSUMER CREDIT BANK LOANS N.E.C. OTHER LOANS 34 35 SECURITY CREDIT TRADE CREDIT DEFERRED AND UNPAID LIFE INSURANCE PREMIUMS 36 (1) EXCLUDES CORPORATE EQUITIES. MILLIONS OF DOLLARS 63.677 76.962 85.899 98.560 111.739 124.006 144.859 161.350 174.063 187.159 26 60.175 35.284 1.515 12.232 8.620 143 2.381 72.557 41.998 1.978 15.503 10.138 369 2.571 81.541 48.622 2.490 16.220 11.048 396 2.765 93.712 54.834 2.953 20.470 12.081 472 2.902 106.274 62.458 3.442 24.254 12.482 508 3.130 117.267 71.144 4.034 24.891 13.301 522 3.375 137.211 83.305 4.624 30.269 15.079 329 3.605 153.415 94.538 5.299 33.171 16.097 418 3.892 166.239 103.419 6.041 35.443 16.748 233 4.355 177.898 112.882 6.824 35.339 17.363 669 4.821 27 28 29 30 31 32 33 1.819 779 2.519 879 2.393 879 2.569 1.117 3.032 1.179 4.131 1.267 4.816 1.350 4.773 1.493 4.365 1.616 5.522 1.770 34 35 904 1.007 1.086 1.162 1.254 1.341 1 .482 1.669 1.843 1.969 36 OCTOBER 1979 HOUSEHOLDS HOUSEHOLDS 97 SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES YEAR-END OUTSTANDINGS, YEAR-END OUTSTANDINGS, 1959-68 1960 1959 1961 1962 1963 1964 1965 1966 1967 1959-68 1968 HOUSEHOLDS, PERSONAL TRUSTS, AND NONPROFIT ORGANIZATIONS 1 946.384 973.403 1117.473 1093.436 1223.071 1333.788 1468.659 1461.754 1688.821 1914.556 2 366.217 387.509 409.365 438.783 473.642 512.049 552.898 590.344 641.370 698.346 3 4 223.552 71.500 237.281 73.179 254.217 71.826 279.715 71.187 310.484 75.705 341.869 81.007 377.134 88.442 398.528 90.812 443.544 100.663 485.438 111.551 5 6 7 8 152.052 59.499 92.553 0 164.102 62.078 102.024 0 182.391 69.344 113.047 0 208.528 82.544 125.984 0 234.779 93.746 141.033 0 260.862 104.137 156.725 0 288.692 118.896 169.796 0 307.716 130.743 176.973 0 342.881 149.430 193.451 0 373.887 167.555 206.332 0 TIME + SAVINGS ACCTS. AT COMMERCIAL BANKS AT SAVINGS INST. MONEY MARKET FUND SHRS. 5 6 7 8 9 10 11 12 13 14 142.665 74.292 71.344 45.907 25.437 2.948 150.228 74.038 71.544 45.642 25.902 2.494 155.148 74.461 71.727 46.445 25.282 2.734 159.068 76.724 73.557 46.968 26.589 3.167 163.158 77.436 73.914 48.149 25.765 3.522 170.180 79.923 75.172 49.060 26.112 4.751 175.764 82.001 76.012 49.695 26.317 5.989 191.816 89.635 78.845 50.249 28.596 10.790 197.826 91.282 80.008 51.219 28.789 11.274 212.908 97.561 84.893 51.866 33.027 12.668 CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES TREASURY ISSUES SAVINGS BONDS OTHER TREASURY AGENCY ISSUES 9 10 11 12 13 14 15 16 17 18 28.187 9.301 30.659 226 30.802 9.996 33.426 1.966 32.008 9.855 36.662 2.162 31.496 9.374 38.766 2.708 31.986 9.544 40.250 3.942 34.627 9.041 41.747 4.842 36.412 9.523 42.186 5.642 40.443 10.855 44.216 6.667 38.118 14.719 46.114 7.593 37.577 18.998 48.668 10.104 19 20 21 401.991 15.818 386. 173 395.458 17.026 378.432 500.804 22.875 477.929 437.434 21.271 416.163 513.893 25.214 488.679 564.703 29.116 535.587 635.595 35.220 600.375 575.612 34.829 540.783 720.833 44.701 676.132 859.375 52.677 806.698 CORPORATE EQUITIES INVESTMENT COMPANY SHARES OTHER CORPORATE EQUITIES 19 20 21 22 23 81.956 82.410 85.184 90.818 88.631 103.655 92.398 109.294 96.635 122.849 101.051 138.606 105.876 154.774 110.570 164.299 115.424 186.403 120.045 208.106 LIFE INSURANCE RESERVES PENSION FUND RESERVES 22 23 24 25 989 12.821 1.137 13.297 1.192 13.826 1.226 14.301 1.222 14.830 1.669 15.710 2.533 16.983 2.730 18.199 4.943 19.848 7.039 21.645 SECURITY CREDIT MISCELLANEOUS ASSETS 24 25 26 210.442 228.234 246.443 268.694 297.884 327.673 359.000 383.408 408.922 445.663 27 28 29 30 31 32 33 200.652 125.719 7.602 41.123 19.618 1. 157 5.433 218.377. 137.410 8.432 45.051 20.053 1.179 6.252 234.967 149.605 9.301 46.027 21.608 1.449 6. 977 257.035 163.753 10.288 50.994 22.923 1.333 7.744 283.917 180.002 11.257 57.829 24.976 1.446 8.407 313.457 197.477 12.258 65.572 27.019 1.976 9.155 343.555 214.489 13.396 73.881 29.326 2.493 9.97 0 367.401 228.635 14.562 79.339 30.410 2.514 11.941 388.603 241.038 15.626 83.148 32.282 3.247 13.262 421.617 257.988 16.701 91.681 35.268 4.664 15.315 34 35 5. 536 2.067 5.398 2.080 6.736 2.228 6.610 2.382 8.567 2.547 8.362 2.815 9.098 3.044 9.025 3.323 12.709 3.663 15.627 4.117 36 2. 187 2.379 2.512 2.667 2.853 3.039 3.303 3.659 3.947 4.302 DEP. + CR. MKT. INSTR. (11 2 DEPOSITS DEMAND DEP. + CURRENCY 3 4 ST. + LOC. OBLIGATIONS CORPORATE + FGN. BONDS MORTGAGES OPEN-MARKET PAPER TOTAL LIABILITIES (1) MILLIONS OF DOLLARS 1 TOTAL FINANCIAL ASSETS 15 16 17 18 26 CREDIT MARKET INSTRUMENTS HOME MORTGAGES OTHER MORTGAGES INSTALMENT CONS. CREDIT OTHER CONSUMER CREDIT BANK LOANS N.E.C. OTHER LOANS 27 28 29 30 31 32 33 SECURITY CREDIT TRADE CREDIT DEFERRED AND UNPAID LIFE INSURANCE PREMIUMS 34 35 EXCLUDES CORPORATE EQUITIES. 36 OCTOBER 1979 HOUSEHOLDS HOUSEHOLDS 98 SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES YEAR-END OUTSTANDINGS, 1969-78 YEAR-END OUTSTANDINGS, 1969 1970 1971 1972 1973 1974 1975 1977 1976 1969-78 1978 HOUSEHOLDS, PERSONAL TRUSTS, AND NONPROFIT ORGANIZATIONS 1863.556 1926.564 2152.708 2387.105 2300.495 2200.593 2551.519 2944.385 3117.967 3421.985 1 TOTAL FINANCIAL ASSETS 2 DEP. + CR. MKT. 3 4 DEPOSITS DEMAND DEP. (1) 744.016 796.549 872.461 970.648 1086.980 1194.616 1314.492 + CURRENCY 492.071 108.969 544.501 117.754 624.307 129.790 710.981 142.159 788.658 156.053 INSTR. 1 1461.905 1628.709 1815.163 2 853.884 162.996 943.179 1067.408 1198.684 1329.122 166.930 181.872 203.720 222.055 3 4 5 6 7 8 TIME + SAVINGS ACCTS. AT COMMERCIAL BANKS AT SAVINGS INST. MONEY MARKET FUND SHRS. 383.102 168.402 214.700 0 426.747 195.357 231.390 0 494.517 223.505 271.012 0 568.822 252.378 316.444 0 632.605 287.688 344.917 0 688.509 322.594 365.915 2.379 772.553 347.194 425.359 3.696 881.850 387.389 494.461 3.686 991.077 1096.259 471.694 427.637 563.440 624.565 3.887 10.808 5 6 7 8 9 10 11 12 13 14 CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES TREASURY ISSUES SAVINGS BONDS OTHER TREASURY AGENCY ISSUES 251.945 113.538 95.861 51.770 44.091 17.677 252.048 107.186 84.871 52.089 32.782 22.315 248.154 97.012 76.494 54.416 22.078 20.518 259.667 96.611 79.574 57.667 21.907 17.037 298.322 115.392 96.745 60.354 36.391 18.647 340.732 136.033 113.613 63.338 50.275 22.420 371.313 152.811 133.383 67.363 66.020 19.428 394.497 162.804 139.586 72.018 67.568 23.218 430.025 177.155 149.446 76.762 72.684 27.709 486.041 203.836 166.720 80.691 86.029 37.116 9 10 11 12 13 14 46.871 24.799 51.290 15.447 46.019 34.265 52.896 11.682 46.116 43.052 54.114 7.860 48.373 48.023 60.459 6.201 53.658 50.051 63.893 15.328 61.860 55.164 68.156 19.519 68.061 63.514 71.854 15.073 70.595 69.305 79.849 11.944 73.202 66.339 91.765 21.564 75.014 64.825 106.223 36.143 15 16 17 18 15 16 17 18 ST. + LOC. OBLIGATIONS CORPORATE + FGN. BONDS MORTGAGES OPEN-MARKET PAPER 19 20 21 CORPORATE EQUITIES INVESTMENT COMPANY SHARES OTHER CORPORATE EQUITIES 746.854 48.289 698.565 729.426 47.618 681.808 834.060 56.694 777.366 914.084 59.831 854.253 712.655 46.519 666.136 504.784 34.061 470.723 659.653 42.178 617.475 827.234 46.991 780.243 776.990 42.773 734.217 808.508 42.565 765.943 19 20 21 22 23 LIFE INSURANCE RESERVES PENSION FUND RESERVES 125.023 218.679 130.488 239.400 136.836 275.814 143.693 322.339 151.282 310.588 157.961 302.539 166.622 365.732 175.018 427.934 186.499 465.492 198.515 530.489 22 23 24 25 SECURITY CREDIT MISCELLANEOUS ASSETS 5.221 23.763 4.354 26.347 4.886 28.651 5.022 31.319 4.866 34.124 3.891 36.802 4.468 40.552 6.290 46.004 7.334 52.943 8.771 60.539 24 25 477.709 502.008 550.944 621.503 698.341 749.270 801.230 899.334 1044.838 1210.040 26 456.119 276.531 17.884 101.161 36.581 5.663 18.299 481.184 290.666 19.042 105.528 37.585 7.463 20.900 526.596 317.064 20.251 118.255 39.540 9.213 22.273 591.506 358.587 21.547 133.173 44.466 10.125 23.608 671.698 405.696 22.640 155.108 48.553 13.527 26.174 722.787 440.925 23.736 164.594 48.997 15.151 29.384 772.265 479.007 24.775 172.353 50.912 13.674 31.544 863.259 1003.414 1164.846 540.558 633.978 738.212 25.839 26.886 27.902 230.829 193.992 275.640 54.849 58.569 64.337 17.436 19.231 14.635 33.386 35.716 39.524 27 28 29 30 31 32 33 12.225 4.677 10.445 5.261 13.109 5.803 17.537 6.484 13.193 7.074 11.387 8.010 12.113 9.108 17.201 10.499 20.308 11.832 21.663 13.182 34 35 4.688 5.118 5.436 5.976 6.376 7.086 7.744 8.375 9.284 10.349 36 26 TOTAL LIABILITIES 27 28 29 30 31 32 33 CREDIT MARKET INSTRUMENTS HOME MORTGAGES OTHER MORTGAGES INSTALMENT CONS. CREDIT OTHER CONSUMER CREDIT BANK LOANS N.E.C. OTHER LOANS 34 35 SECURITY CREDIT TRADE CREDIT DEFERRED AND UNPAID LIFE INSURANCE PREMIUMS 36 (1) EXCLUDES CORPORATE EQUITIES. MILLIONS OF DOLLARS OCTOBER 1979 BUSINESS BUSINESS 99 SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES YEAR-END OUTSTANDINGS, 1949 1950 1949-58 1951 YEAR-END OUTSTANDINGS, 1952 1953 NONFINANCIAL 1954 1955 1956 1957 1958 1949--58 BUSINESS - TOTAL 1 2 3 4 5 6 108.171 40.218 900 23.368 29.113 14.572 125.861 41.760 900 28.097 39.183 15.921 134.873 43.836 900 29.976 42.524 17.637 140.639 44.170 900 30.405 45.358 19.806 144.046 43.927 900 32.678 44.489 22.052 150.402 46.136 1.100 31.468 47.849 23.849 168.648 47.382 1.000 36.659 57.409 26.198 174.502 47.239 1.000 33.161 63.139 29.963 180.370 47.980 1.000 33.049 64.694 33.647 193.947 50.624 1.900 33.995 71.036 36.392 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY TIME DEPOSITS CREDIT MARKET INSTRUMENTS TRADE CREDIT MISCELLANEOUS ASSETS 7 8 9 10 11 12 13 121.957 84.055 0 34.210 25.801 17.419 6. 625 148.215 93.815 0 35.734 28.717 22.095 7.269 165.301 104.648 0 38.929 30.997 26.668 8.054 172.775 113.702 0 43.614 33.308 27.941 8.839 178.135 118.322 0 46.970 35.045 26.851 9.456 185.807 124.773 0 50.449 37.901 26.446 9.977 212.266 136.303 0 53.286 41.248 31.399 10.370 227.321 148.834 0 56.901 43.925 37.025 10.983 239.715 160.640 0 63.217 46.400 38.703 12.320 252.580 171.938 0 68.901 51.097 38.938 13.002 TOTAL LIABILITIES CREDIT MARKET INSTRUMENTS TAX-EXEMPT BONDS CORPORATE BONDS MORTGAGES BANK LOANS N.E.C. OTHER LOANS 14 15 25.223 12.679 33.757 20.643 35.073 25.580 36.456 22.617 36.291 23.522 40.413 20.621 50.802 25.161 54.926 23.561 57.394 21.681 61.149 19.493 TRADE DEBT OTHER LIABILITIES 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 FARM BUSINESS 1 2 3 4 5 8.035 7. 000 1.035 918 117 8.068 7.000 1.068 949 119 8.327 7.200 1.127 1.005 122 8.314 7.100 1.214 1.088 126 8.291 7.000 1.291 1.159 132 8.264 6.900 1.364 1.227 137 8.372 6.900 1.472 1.324 148 8.251 6.700 1.551 1.390 161 8.218 6.600 1.618 1.446 172 8.584 6.900 1.684 1.502 182 6 7 8 9 10 11 12 9. 880 8.474 5.579 2. 049 846 228 618 11.221 9.532 6.071 2.524 937 244 693 12.944 10.819 6.651 3. 120 1.048 199 849 13.879 11.609 7.236 3.293 1.080 213 867 13.562 11.509 7.737 2.712 1.060 445 615 14.435 12.281 8.246 2.862 1.173 508 665 16.058 13.723 9.022 3.434 1.267 574 693 16.982 14.581 9.835 3.375 1.371 624 747 18.274 15.638 10.397 3.75 9 1.482 550 932 20.078 17.002 11.109 4.172 1 .721 565 1.156 13 1.406 1.689 2.125 2.270 2.053 2.154 2.335 2.401 2.636 3.076 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS ♦ CURRENCY MISCELLANEOUS ASSETS INSURANCE RECEIVABLES EQUITY IN SPONS. AGS. (1) TOTAL LIABILITIES CREDIT MARKET INSTRUMENTS MORTGAGES BANK LOANS N.E.C. OTHER LOANS U.S. GOVERNMENT FICB TRADE DEBT 1 2 3 4 5 6 7 8 9 10 11 12 13 NONFARM NONCORPORATE BUSINESS 1 2 3 4 5 6 14.535 10.315 2.917 1.303 1. 289 14 15.372 10.538 3.441 1.393 1.3 78 15 16.055 10.777 3.734 1.544 1.527 17 16.368 10.429 4.191 1.748 1.730 18 16.703 10.377 4.388 1.938 1.919 19 17.511 10.907 4.471 2.133 2.113 20 18.187 11.200 4.704 2.283 2.262 21 19.041 11.549 5.079 2.413 2.392 21 20.276 12.356 5.334 2.586 2.560 26 21.861 13.641 5.511 2 .709 2.677 32 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY CONSUMER CREDIT MISCELLANEOUS ASSETS INSURANCE RECEIVABLES EQUITY IN SPONS. AGS. (1) 7 8 9 10 11 12 10.228 10.973 6.361 1. 031 4.297 1.033 12.148 12.979 7.511 1.428 5.034 1.049 13.337 14.234 8.167 1.364 5.705 1.098 14.026 15.320 8.857 1.587 6.128 1.142 14.891 15.855 9.207 1.547 6.451 1.209 17.370 16.667 9.923 1.872 6. 726 1.325 20.563 18.410 10.628 2.016 7.142 1.470 21.462 19.525 10.865 1.788 7.432 1.645 23.078 20.469 11.146 1.671 7.660 1.815 24.140 21.891 12.275 1.822 8.422 2.031 TOTAL LIABILITIES CREDIT MARKET INSTRUMENTS MORTGAGES HOME MORTGAGES MULTI-FAMILY COMMERCIAL 13 14 804 3.808 1.234 4.234 1.472 4.595 1.691 4.772 1.755 4.893 1.799 4.945 2.362 5.420 2.956 5.704 3.025 6.298 3.183 6.433 15 16 17 -745 7.693 8.438 -831 9. 137 9.968 -897 9. 230 10.127 -1.294 10.053 11.347 -964 10.877 11.841 703 12.642 11.939 2.153 14.060 11.907 1.937 15.118 13.181 2.609 15.199 12.590 2.249 15.738 13.489 (1) MILLIONS OF DOLLARS SHARES IN FICB'S, BANK LOANS N.E.C. OTHER LOANS TRADE DEBT, NET TRADE DEBT TRADE CREDIT BANKS FOR COOPS, AND LAND BANKS. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 OCTOBER 1979 BUSINESS BUSINESS SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES 100 YEAR-END OUTSTANDINGS, YEAR-END OUTSTANDINGS, 1959-68 1965 1966 1967 1968 269.315 51.153 6.671 42.154 106.333 62.695 292.246 51.568 8.993 42.740 119.490 68.862 306.717 50.886 8.603 42.284 131.712 72.337 324.033 53.432 9.682 41.287 139.908 79.054 356.310 56.346 9.056 44.547 158.242 86.998 1 2 3 4 5 6 360.746 251.585 0 88.414 84.888 57.310 20.973 389.527 272.974 0 92.408 94.132 62.720 23.714 433.899 302.704 0 97.800 103.420 75.098 26.386 476.143 335.529 0 108.024 112.156 85.684 29.665 514.528 371.057 0 122.682 122.232 93.755 32.388 574.091 410.260 0 135.575 133.535 105.032 36.118 7 8 9 10 11 12 13 83.709 25.452 90.183 26.370 102.229 28.966 111.186 29.428 117.901 25.570 134.508 29.323 14 15 1963 1959 1960 1961 208.377 48.103 1.500 42.428 76.509 39.837 210.936 46.458 3.000 36.719 81.357 43.402 224.320 49.988 4.100 35.775 87.217 47.240 237.062 52.979 5.000 35.861 91.648 51.574 253.403 51.642 5.687 41.325 97.865 56.884 275.998 186.489 0 71.856 56.401 43.723 14.509 290.773 199.792 0 75.312 60.667 46.489 17.324 309.758 214.039 0 79.952 67.708 48.051 18.328 332.005 231.981 0 84.501 75.597 52.611 19.272 67.088 22.421 70.456 20.525 73.332 22.387 76.471 23.553 1962 NONFINANCIAL 1 TOTAL FINANCIAL ASSETS 2 DEMAND DEPOSITS + CURRENCY 3 TIME DEPOSITS 4 CREDIT MARKET INSTRUMENTS 5 TRADE CREDIT 6 MISCELLANEOUS ASSETS 7 TOTAL LIABILITIES 8 CREDIT MARKET INSTRUMENTS 9 TAX-EXEMPT BONDS 10 CORPORATE BONDS 11 MORTGAGES 12 BANK LOANS N.E.C. 13 OTHER LOANS 14 15 TRADE DEBT OTHER LIABILITIES 1959-68 1964 BUSINESS - TOTAL FARM BUSINESS —------ 1 TOTAL FINANCIAL ASSETS 2 DEMAND DEPOSITS + CURRENCY 3 MISCELLANEOUS ASSETS 4 INSURANCE RECEIVABLES 5 EQUITY IN SPONS. AGS. (1) 6 TOTAL LIABILITIES 7 CREDIT MARKET INSTRUMENTS 8 MORTGAGES 9 BANK LOANS N.E.C. 10 OTHER LOANS 11 U.S. GOVERNMENT 12 FICB 13 TRADE DEBT 7.982 6.200 1.782 1.584 198 7.646 5.800 1.846 1.635 211 7.731 5.800 1.931 1.704 227 7.865 5.900 1.965 1.724 241 7.825 5.700 2.125 1.869 256 8.217 5.900 2.317 2.038 279 8.497 6.000 2.497 2.178 319 8.704 6.000 2.704 2.339 365 9.067 6.100 2.967 2.553 414 9.646 6.300 3.346 2.830 516 1 2 3 4 5 22.433 18.934 12.101 4.866 1.967 577 1.390 23.623 19.965 12.838 5.062 2.065 564 1.501 25.322 21.558 13.917 5.305 2.336 686 1.650 27.626 23.856 15.193 6.087 2.576 736 1.840 31.038 26.406 16.822 6.688 2.896 797 2.099 33.827 29.009 18.942 6.959 3. 108 861 2.247 37.674 32.311 21.187 7.667 3.457 941 2.516 41.274 35.504 23.052 8.600 3.852 929 2.923 44.377 38.815 25.017 9.300 4.498 1.087 3.411 46.170 41.583 27.177 9.718 4.688 1.034 3.654 6 7 8 9 10 11 12 3.499 3.658 3.764 3.770 4.632 4.818 5.363 5.770 5.562 4.587 13 NONFARM NONCORPORATE BUSINESS 1 TOTAL FINANCIAL ASSETS 2 DEMAND DEPOSITS + CURRENCY 3 CONSUMER CREDIT 4 MISCELLANEOUS ASSETS 5 INSURANCE RECEIVABLES 6 EQUITY IN SPONS. AGS. (1) 7 TOTAL LIABILITIES 8 CREDIT MARKET INSTRUMENTS 9 MORTGAGES 10 HOME MORTGAGES 11 MULTI-FAMILY 12 COMMERCIAL 13 14 15 16 17 (1) BANK LOANS N.E.C. OTHER LOANS TRADE DEBT, NET TRADE DEBT TRADE CREDIT SHARES 21.679 12.707 6.076 2.896 2.856 40 21.554 12.415 6. 104 3*035 2.987 48 22.010 12.515 6.294 3.201 3.144 57 22.608 12.515 6.764 3.329 3.260 69 23.333 12.515 7.273 3.545 3.463 82 24.043 12.515 7.729 3.799 3.704 95 24.954 12.515 8.356 4.083 3.975 108 25.716 12.515 8.759 4.442 4.325 117 26.404 12.515 9.045 4.844 4.716 128 27.437 12.515 9.596 5.326 5.187 139 1 2 3 4 5 6 26.740 24.224 13.517 1.921 9.335 2.261 28.598 25.924 14.412 1.672 10.245 2.495 29.908 28.193 16.381 1.789 11.785 2.807 32.948 31.361 18.546 1.775 13.585 3.186 36.122 35.851 21.355 1.933 15.825 3.597 40.580 41.191 24.796 1.821 19.095 3.880 45.645 46.945 27.949 1.896 21.846 4.207 49.041 52.446 30.412 1.507 24.245 4.660 53.457 57.296 34.021 1.955 27.045 5.021 59.013 62.489 37.082 2.063 29.449 5.570 7 8 9 10 11 12 3.549 7.158 3.853 7.659 4. 158 7.654 4. 545 8.270 5.178 9.318 5.636 10.759 6.571 12.425 7. 937 14.097 8.535 14.740 9.648 15.759 13 14 2.516 15.403 12.887 2.674 15.473 12.799 1.715 14.813 13.098 1.587 14.413 12.826 271 12.813 12.542 -611 12.195 12.806 -1.300 11.468 12.768 -3.405 9.866 13.271 -3.839 10.071 13.910 -3.476 9.276 12.752 15 16 17 IN FICB'S, BANKS FOR COOPS, AND LAND BANKS. MILLIONS OF DOLLARS OCTOBER 1979 BUSINESS BUSINESS 101 SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES YEAR-END OUTSTANDINGS, 1970 1969 YEAR-END OUTSTANDINGS, 1969-78 1971 1972 1973 NONFINANCIAL 1974 1975 1976 1977 1978 667.484 74.994 24.413 83.019 269.534 208.476 727.310 75.924 29.215 78.820 300.645 234.450 825.582 81.335 31.174 77.645 355.539 266.160 1969--78 BUSINESS - TOTAL 565.939 67.227 20.464 61.347 243.609 167.807 609.924 73.452 22.351 73.893 250.004 185.493 1 2 3 4 5 6 389.777 62.037 3.652 43.900 180.823 96.054 410.306 63.089 5.347 46.674 189.127 105.835 447.283 61.734 9.509 52.827 202.503 119.633 499.218 64.353 11.890 55.115 229.758 135.414 572.964 65.930 16.623 56.800 266.807 155.542 7 8 9 10 11 12 13 638.433 455.890 0 147.550 144.365 119.865 44.110 688.577 500.070 0 167.306 158.318 125.597 48.849 750.828 549.339 86 186.113 181.206 131.470 50.464 841.720 616.517 634 198.300 213.584 147.506 56.493 977.748 1017.412 1065.895 1158.118 1287.885 1466.103 705.120 904.011 1008.837 1129.827 798.582 839.095 15.816 2.430 4.078 6.678 9.163 12.658 318.257 207.459 227.129 254.333 277.164 298.141 246.569 289.526 312.567 349.398 392.356 271.795 181.171 211.633 200.528 226.499 260.150 202.523 67.491 83.947 102.594 143.248 88.030 122.141 14 15 155.523 27.020 163.765 24.742 174.230 27.259 197.082 28.121 236.441 36.187 176.969 41.861 184.826 41.974 201.541 52.566 224.006 55.042 271.549 64.727 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY TIME DEPOSITS CREDIT MARKET INSTRUMENTS TRADE CREDIT MISCELLANEOUS ASSETS TOTAL LIABILITIES CREDIT MARKET INSTRUMENTS TAX-EXEMPT BONDS CORPORATE BONDS MORTGAGES BANK LOANS N.E.C. OTHER LOANS TRADE DEBT OTHER LIABILITIES 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 FARM BUSINESS 1 2 3 4 5 10.182 6.400 3. 782 3.211 571 10.786 6.515 4.271 3.649 622 11.477 6.638 4.839 4.147 692 12.413 6.900 5.513 4.731 782 13.256 7.100 6. 156 5.214 9 42 13.850 6.940 6.910 5.762 1.148 14.847 7.010 7.837 6.453 1.384 16.341 7.015 9.326 7.718 1.608 18.152 7.100 11.052 9.197 1.855 20.111 7.200 12.911 10.785 2.126 6 7 8 9 10 11 12 48.827 44.617 28.995 10.328 5.294 1. 019 4.275 50.764 46.922 29.826 11.155 5.941 967 4.974 55.381 51.390 32.207 12.500 6.683 1.014 5.669 61.744 57.210 35.758 14.306 7.146 1.050 6.096 71.703 67.046 41.253 17-165 8.628 1.430 7.198 79.940 75.060 46.288 18.236 10.536 1.688 8.848 89.185 83.851 50.877 20.199 12.775 2.780 9.995 101.016 94.804 57.031 23.230 14.543 3.231 11.312 116.440 109.360 65.668 25.729 17.963 5.204 12.759 135.375 127.575 75.996 28.211 23.368 9.151 14.217 13 4.210 3.842 3.991 4.534 4.657 4. 880 5.334 6.212 7.080 7.800 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY MISCELLANEOUS ASSETS INSURANCE RECEIVABLES EQUITY IN SPONS. AGS. (1) TOTAL LIABILITIES CREDIT MARKET INSTRUMENTS MORTGAGES BANK LOANS N.E.C. OTHER LOANS U.S. GOVERNMENT FICB TRADE DEBT 1 2 3 4 5 6 7 8 9 10 11 12 13 NONFARM NONCORPORATE BUSINESS 1 2 3 4 5 6 28.513 12.515 10.000 5.998 5. 846 152 29.891 12.515 10.694 6.682 6.515 167 29.788 12.515 9.797 7.476 7.296 180 31.326 12.515 10.341 8.470 8.278 192 33.673 12.515 11.703 9.455 9.243 212 35.411 12.515 12.421 10.475 10.229 246 37.452 12.515 13.189 11.748 11.461 287 40.710 12.515 14.317 13.878 13.518 360 44.367 12.515 15.416 16.436 16.032 404 48.723 12.515 16.874 19.334 18.803 531 7 8 9 10 11 12 66.954 69.845 40.785 1. 855 32.910 6.020 74.945 76.766 47.250 1.977 38.660 6.613 84.732 88.478 56.948 2.777 46.660 7.511 98.951 102.641 68.863 3.278 56.560 9.025 112.984 116.298 78.194 2.924 64.461 10.809 121.658 123.698 84.766 2.601 69.961 12.204 124.812 125.778 86.690 3.313 70.061 13.316 131.590 130.310 90.177 4.529 71.273 14.375 144.484 143.264 99.240 6.135 76.973 16.132 157.872 156.580 109.028 6.478 84.249 18.301 13 14 11.831 17.229 11.297 18.219 12.022 19.508 13.267 20.511 14.408 23.696 13.436 25.496 11.416 27.672 7.811 32.322 8.231 35.793 7.987 39.565 15 16 17 -2.891 10.458 13.349 -1.821 10.306 12.127 -3.746 10.199 13.945 -3.690 11.329 15.019 -3.314 11.301 14.615 -2.040 12.727 14.767 -966 13.952 14.918 1.280 17.587 16.307 1.220 18.028 16.808 1.292 18.342 17.050 (1) MILLIONS OF DOLLARS SHARES TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY CONSUMER CREDIT MISCELLANEOUS ASSETS INSURANCE RECEIVABLES EQUITY IN SPONS. AGS. (1 TOTAL LIABILITIES CREDIT MARKET INSTRUMENTS MORTGAGES HOME MORTGAGES MULTI-FAMILY COMMERCIAL BANK LOANS N.E.C. OTHER LOANS TRADE DEBT, NET TRADE DEBT TRADE CREDIT IN FICB’S, BANKS FOR COOPS, AND LAND BANKS. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 OCTOBER 1979 NONFINANCIAL CORPORATE BUSINESS 102 NONFINANCIAL CORPORATE BUSINESS NONFINANCIAL CORPORATE BUSINESS YEAR-END OUTSTANDINGS, YEAR-END OUTSTANDINGS, 1949-58 1949 1951 1950 1952 1953 1954 1949-58 1955 1956 1957 1958 NONFINANCIAL CORPORATE BUSINESS 1 TOTAL FINANCIAL ASSETS LIQUID ASSETS 2 DEMAND DEPOSITS + CURRENCY 3 4 TIME DEPOSITS FOREIGN DEPOSITS 5 6 U.S. GOVERNMENT SECURITIES 7 STATE + LOCAL OBLIGATIONS 8 COMMERCIAL PAPER 9 SECURITY R.P.'S 85.601 39.260 22.903 900 10 14.697 485 265 0 102.421 43.844 24.222 900 57 17.870 652 143 0 110.491 46.437 25.859 900 91 18.653 844 90 0 115.957 46.271 26.641 900 75 17.647 813 195 0 119.052 48.013 26.550 900 114 19.240 1.005 204 0 124.627 48.373 28.329 1.100 158 17.523 972 291 0 142.089 53.428 29.282 1.000 129 21.581 1.219 217 0 147.210 48.893 28.990 1.000 138 17.118 1.342 305 0 151.876 48.458 29.024 1.000 131 16.389 1.479 435 0 163.502 50.992 30.083 1.900 149 16.692 1.958 210 0 1 2 3 4 5 6 7 8 9 CONSUMER CREDIT TRADE CREDIT MISCELLANEOUS ASSETS FOREIGN DIRECT INVEST. INSURANCE RECEIVABLES EQUITY IN SPONS. AGS. OTHER 5.004 29.113 12.224 10.700 1.383 0 141 5.991 39.183 13.403 11.788 1.418 0 197 6.655 42.524 14.875 12.979 1.548 0 348 7.559 45.358 16.769 14.721 1.666 0 382 7.841 44.489 18.709 16.253 1.786 0 670 8.211 47.849 20.194 17.631 1.866 0 697 8.938 57.409 22.314 19.395 2.034 2 883 9.317 63.139 25.861 22.505 2.393 13 950 9.412 64.694 29.312 25.394 2.965 32 921 9.624 71.036 31.850 27.409 3.511 38 892 10 11 12 13 14 15 16 101.849 64.608 124.846 71.304 139.020 79.595 144.870 86.773 149.682 90.958 154.002 95.825 175.645 104.170 188.877 114.728 198.363 124.533 208.362 133.045 17 18 10 11 12 13 14 15 16 (1) 17 TOTAL LIABILITIES CREDIT MARKET INSTRUMENTS 18 19 20 21 22 23 24 TAX-EXEMPT BONDS (2) CORPORATE BONDS (1) MORTGAGES HOME MORTGAGES MULTI-FAMILY COMMERCIAL 0 34.210 13.861 1.031 3.532 9.298 0 35.734 15.135 1.428 4.267 9.440 0 38.929 16.179 1.364 4.937 9.878 0 43.614 17.215 1.587 5.353 10.275 0 46.970 18.101 1.547 5.670 10.884 0 50.449 19.732 1.872 5.939 11.921 0 53.286 21.598 2.016 6.348 13.234 0 56.901 23.225 1.788 6.632 14.805 0 63.217 24.857 1.671 6.855 16.331 0 68.901 27.713 1.822 7.611 18.280 19 20 21 22 23 24 25 26 27 28 29 BANK LOANS N.E.C. COMMERCIAL PAPER ACCEPTANCES FINANCE COMPANY LOANS U.S. GOVERNMENT LOANS 14.566 162 107 1.064 63 8 18.337 207 137 1.138 616 22.076 269 156 1.352 634 22.957 331 167 1.834 655 22.384 402 188 1.960 953 21.785 531 301 2.221 806 25.603 362 166 2.471 684 30.694 378 245 2.603 682 31.919 422 309 3.068 741 31.583 658 291 3.147 752 25 26 27 28 29 9.738 24.562 2.941 17.252 32.899 3.391 21.922 33.845 3.658 18.672 35.480 3.945 19.271 35.202 4.251 15.988 37.556 4.633 20.085 46.314 5.076 18.102 50.588 5.459 15.971 52.149 5.710 13.378 55.824 6.115 30 31 32 4.551 6.284 8.679 9.878 9.287 10.293 11.095 12.551 12.545 15.212 33 52.866 11.742 46.042 56.776 14.528 64.679 62.574 17.021 72.788 68.425 18.348 72.500 72.478 18.480 72.953 77.023 18.802 72.346 83.109 21.061 87.460 90.616 24.112 92.802 99.171 25.362 93.482 107.425 25.620 94.822 34 35 36 81.825 18.17 4 85.269 79.625 20.374 67.787 78.615 21.384 63.797 78.855 21.144 63.822 79.682 20.317 65.813 80.378 19.621 66.863 79.782 20.217 61.088 78.983 21.016 52.685 79.634 20.365 51.836 80.743 19.256 53.776 37 38 39 30 31 32 PROFIT TAXES PAYABLE TRADE DEBT FGN. DIRECT INVEST. IN U.S. 33 MEMO: NET TRADE CREDIT DEBT SUBTOTALS: (3) 34 LONG-TERM DEBT 35 SHORT-TERM DEBT 36 TOTAL S-T LIABILITIES 37 38 39 PERCENT RATIOS: L-T DEBT/CREDIT MARKET DEBT S-T DEBT/CREDIT MARKET DEBT LIQUID ASSETS/S—T LIABIL. (1) FOREIGN INVESTMENT IS NET OF BOND ISSUES ABROAD, AND BOND ISSUES OUTSIDE THE U.S- ARE EXCLUDED FROM LIABILITIES ABOVE (2) INDUSTRIAL POLLUTION CONTROL REVENUE BONDS. ISSUED BY STATE AND LOCAL GOVERNMENTS TO FINANCE PRIVATE INVEST MENT AND SECURED IN INTEREST AND PRINCIPAL BY THE INDUSTRIAL USER OF THE FUNDS. (3) MATURITY SPLIT ON DEBT IS APPROXIMATE: L-T IS BONDS, M-F + COMMERCIAL MORTGAGES, AND 40X OF BANK LOANS. S-T DEBT IS OTHER CREDIT MARKET BORROWING. TOTAL S-T LIABILITIES IS S-T BORROWING + TAX LIABILITIES + TRADE DEBT. MILLIONS OF DOLLARS OCTOBER 1979 NONFINANCIAL CORPORATE BUSINESS NONFINANCIAL CORPORATE BUSINESS 103 NONFINANCIAL CORPORATE BUSINESS YEAR-END OUTSTANDINGS, 1959 1960 YEAR-END OUTSTANDINGS, 1959-68 1961 1962 1963 1964 1965 1966 1967 1968 1959--68 NONFINANCIAL CORPORATE 13USINESS 1 2 3 4 5 6 7 8 9 178.716 56.185 29.196 1. 500 132 22.821 1. 794 742 0 181.736 51.429 28.243 3.000 148 16.868 2.382 788 0 194.579 54.837 31.673 4.100 236 15.344 2.395 1.089 0 206.589 57.937 34.564 5.000 790 13.582 2.697 1.304 0 222.245 61.337 33.427 5.687 731 16.736 3.787 969 0 237.055 61.670 32.738 6.671 1.097 15.481 3.680 1.694 309 258.795 63.176 33.053 8.993 781 13.786 4.600 1.370 593 272.297 61.326 32.371 8.603 885 12.081 3.639 2.852 895 288.562 63.095 34.817 9.682 1.055 9.619 3.300 3.952 670 319.227 68.569 37.531 9.056 1.587 10.393 3.782 5.099 1.121 10 11 12 13 14 15 16 10.995 76.509 35.027 29.827 4.081 51 1.068 10.577 81.357 38.373 31.865 4.672 72 1.764 10.653 87.217 41.872 34.717 5.134 80 1.941 11.514 91.648 45.490 37.276 5.684 90 2.440 12.560 97.865 50.483 40.736 6.031 90 3.626 13.570 106.333 55.482 44.480 6.350 91 4.561 14.628 119.490 61.501 49.283 6.766 97 5.355 14.953 131.712 64.306 51.007 7.331 120 5.848 15.371 139.908 70.188 55.329 7.999 134 6.726 15.677 158.242 76.739 58.547 8.788 160 9.244 17 18 226.825 143.331 238.552 153.903 254.528 164.288 271.431 176.764 293.586 189.328 315.120 202.774 350.580 223.448 385.828 247.579 416.694 274.946 468.908 306.188 TOTAL LIABILITIES CREDIT MARKET INSTRUMENTS 17 18 19 20 21 22 23 24 0 71.856 30.783 1.921 8. 518 20.344 0 75.312 33.417 1.672 9.289 22.456 0 79.952 37.410 1.789 10.363 25.258 0 84.501 41.858 1.775 11.413 28.670 0 88.414 46.711 1.933 12.403 32.375 0 92.408 50.394 1.821 13.657 34.916 0 97.800 54.284 1.896 14.522 37.866 0 108.024 58.692 1.507 15.247 41.938 0 122.682 63.194 1.955 16.050 45.189 0 135.575 69.276 2.063 17.082 50.131 TAX-EXEMPT BONDS (2) CORPORATE BONDS (1) MORTGAGES HOME MORTGAGES MULTI-FAMILY COMMERCIAL 19 20 21 22 23 24 25 26 27 28 29 35.308 315 296 3.994 779 37.574 769 417 5.558 856 38.588 1.094 447 5.875 922 41.979 1.198 449 5.644 1.135 45.444 968 332 6.276 1.183 50.125 1.125 382 6.95 8 1.382 60.860 797 445 7.586 1.676 69.147 1.622 531 7.521 2.042 75.920 3.034 652 7.231 2.233 85.666 4.249 787 8.978 1.657 BANK LOANS N.E.C. COMMERCIAL PAPER ACCEPTANCES FINANCE COMPANY LOANS U.S. GOVERNMENT LOANS 25 26 27 28 29 30 31 32 15.817 61.073 6.604 13.615 64.124 6.910 14.995 67.853 7.392 15.941 71.114 7.612 17.508 78.806 7.944 18.007 85.976 8.363 20.169 98.166 8.797 20.374 108.821 9.054 15.647 116.178 9.923 18.508 133.397 10.815 33 15.436 17.233 19.364 20.534 19.059 20.357 21.324 22.891 23.730 24.845 34 35 36 114.841 28.490 105.380 122.087 31.816 109.555 131.008 33.280 116.128 141.376 35.388 122.443 151.370 37.958 134.272 161.031 41.743 145.726 174.532 48.916 167.251 192.868 54.711 183.906 214.289 60.657 192.482 237.054 69.134 221.039 37 38 39 80.122 19.877 53.316 79.327 20.672 46.943 79.742 20.257 47.221 79.980 20.019 47.317 79.951 20.0 48 45.681 79.414 20.585 42.319 78.108 21.891 37.773 77.901 22.098 33.346 77.938 22.061 32.779 77.421 22.578 31.021 MILLIONS OF DOLLARS TOTAL FINANCIAL ASSETS LIQUID ASSETS DEMAND DEPOSITS + CURRENCY TIME DEPOSITS FOREIGN DEPOSITS U.S. GOVERNMENT SECURITIES STATE + LOCAL OBLIGATIONS COMMERCIAL PAPER SECURITY R.P.’S CONSUMER CREDIT TRADE CREDIT MISCELLANEOUS ASSETS FOREIGN DIRECT INVEST. INSURANCE RECEIVABLES EQUITY IN SPONS. AGS. OTHER (1) PROFIT TAXES PAYABLE TRADE DEBT FGN. DIRECT INVEST. IN U.S. MEMO: NET TRADE CREDIT 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 30 31 32 33 DEBT SUBTOTALS: (3) LONG-TERM DEBT SHORT-TERM DEBT TOTAL S-T LIABILITIES 34 35 36 PERCENT RATIOS: L-T DEBT/CREDIT MARKET DEBT S-T DEBT/CREDIT MARKET DEBT LIQUID ASSETS/S-T LIABIL. 37 38 39 (1) FOREIGN INVESTMENT IS NET OF BOND ISSUES ABROAD, AND BOND ISSUES OUTSIDE THE U.S. ARE EXCLUDED FROM LIABILITIES ABOVE (2) INDUSTRIAL POLLUTION CONTROL REVENUE BONDS. ISSUED BY STATE AND LOCAL GOVERNMENTS TO FINANCE PRIVATE INVEST MENT AND SECURED IN INTEREST AND PRINCIPAL BY THE INDUSTRIAL USER OF THE FUNDS. (3) MATURITY SPLIT ON DEBT IS APPROXIMATE: L-T IS BONDS, M-F + COMMERCIAL MORTGAGES, AND 402 OF BANK LOANS. S-T DEBT IS OTHER CREDIT MARKET BORROWING. TOTAL S-T LIABILITIES IS S-T BORROWING + TAX LIABILITIES + TRADE DEBT. OCTOBER 1979 NONFINANCIAL CORPORATE BUSINESS 104 NONFINANCIAL CORPORATE BUSINESS NONFINANCIAL CORPORATE BUSINESS YEAR-END OUTSTANDINGS, YEAR-END OUTSTANDINGS, 1969-78 1969 1971 1970 1972 1973 1974 1969-78 1975 1976 1977 1978 NONFINANCIAL CORPORATE BUSINESS 1 TOTAL FINANCIAL ASSETS 2 LIQUID ASSETS DEMAND DEPOSITS + CURRENCY 3 4 TIME DEPOSITS 5 FOREIGN DEPOSITS 6 U.S. GOVERNMENT SECURITIES 7 STATE + LOCAL OBLIGATIONS 8 COMMERCIAL PAPER 9 SECURITY R.P.’S 351.082 69.008 43.122 3.652 1.173 7.322 2.800 7.628 3.311 369.629 69.494 44.059 5.347 798 7.492 2.175 9.389 234 406.018 78.819 42.581 9.509 1.234 9.968 3.175 11.275 1.077 455.479 88.015 44.938 11.890 2.172 7.917 4.175 14.235 2.688 526.035 100.960 46.315 16.623 3.329 4.517 4.038 14.876 11.262 516.678 105.407 47.772 20.464 4.946 5.566 4.654 16.520 5.485 557.625 125.170 53.927 22.351 5.772 14.281 4.481 19.627 4.731 610.433 139.041 55.464 24.413 7.441 16.585 3.419 24.671 7.048 664.791 140.955 56.309 29.215 8.742 10.438 3.468 24.527 8.256 756.748 151.286 61.620 31.174 10.735 4.117 3.658 26.253 13.729 1 2 3 4 5 6 7 8 9 CONSUMER CREDIT TRADE CREDIT MISCELLANEOUS ASSETS FOREIGN DIRECT INVEST. INSURANCE RECEIVABLES EQUITY IN SPONS. AGS. OTHER 16.150 180.823 85.101 63.704 9.93 5 225 11.237 16.924 189.127 94.084 70.269 10.831 336 12.648 18.612 202.503 106.084 76.388 11.878 359 17.459 18.447 229.758 119.259 81.503 13.729 377 23.650 21.666 266.807 136.602 91.715 15.689 396 28.802 22.186 243.609 145.476 100.364 17.816 413 26.883 22.315 250.004 160.136 114.140 20.043 423 25.530 24.027 269.534 177.831 126.583 23.424 460 27.364 24.971 300.645 198.220 138.964 27.833 539 30.884 26.743 355.539 223.180 156.381 32.640 581 33.578 10 11 12 13 14 15 16 522.652 341.428 562.868 376.382 610.715 409.471 681.025 456.666 793.061 521.776 815.814 599.824 851.898 629.466 925.512 1026.961 678.897 756.213 1172.856 845.672 17 18 0 147.550 74.585 1.855 18.551 54.179 0 167.306 81.242 1.977 19.750 59.515 86 186.113 92.051 2.m 2\.bl2 bl.(A2 634 198.300 108.963 3.278 24.457 81.228 2.430 207.459 127.122 2.924 26.914 97.284 4.078 227.129 140.741 2.601 28.308 109.832 6.678 254.333 151.959 3.313 28.798 119.848 9.163 277.164 165.359 4.529 31.453 129.377 12.658 298.141 184.490 6.135 33.166 145.189 15.816 318.257 207.332 6.478 36.150 164.704 19 20 21 22 23 24 97.706 5.356 1.141 13.316 1.774 103.145 7.133 1.545 13.952 2.059 106.948 6.247 1.809 14.613 1.604 119.933 6.968 1.836 18.187 1.845 149.598 8.382 2.368 22.279 2.138 179.961 12.513 3.623 28.112 3.667 168.913 9.616 3.790 30.304 3.873 171.482 11.049 5.082 35.542 4.056 192.539 12.808 5.721 45.830 4.026 223.952 15.499 4.967 54.135 5.714 25 26 27 28 29 15.202 154.204 11.818 11.472 161.744 13.270 13.345 173.985 13.914 13.253 196.238 14.868 15.631 235.098 20.556 16.717 174.129 25.144 14.312 180.458 27.662 21.796 194.049 30.770 20.447 215.706 34.595 23.896 262.457 40.831 30 31 32 26.619 27.383 28.518 33.520 31.709 69.480 69.546 7 5.48 5 84.939 93.082 33 259.362 82.066 251.472 287.829 88.553 261.769 318.252 91.219 278.549 352.592 104.074 313.565 393.926 127.850 378.579 441.331 158.493 349.339 477.222 152.244 347.014 515.750 163.147 378.992 566.170 190.043 426.196 624.508 221.164 507.517 34 35 36 75.963 24.036 27.441 76.472 23.527 26.547 77.722 22.277 28.296 77.210 22.789 28.069 75.497 24.502 26.668 73.576 26.423 30.173 75.813 24.186 36.070 75.968 24.031 36.687 74.869 25.130 33.072 73.847 26.152 29.809 37 38 39 10 11 12 13 14 15 16 (1) 17 TOTAL LIABILITIES 18 CREDIT MARKET INSTRUMENTS 19 20 21 22 23 24 TAX-EXEMPT BONDS (2) CORPORATE BONDS (1) MORTGAGES HOME MORTGAGES MULTI-FAMILY COMMERCIAL 25 26 27 28 29 BANK LOANS N.E.C. COMMERCIAL PAPER ACCEPTANCES FINANCE COMPANY LOANS U.S. GOVERNMENT LOANS 30 31 32 PROFIT TAXES PAYABLE TRADE DEBT FGN. DIRECT INVEST. IN U.S. 33 MEMO: NET TRADE CREDIT DEBT SUBTOTALS: (3) 34 LONG-TERM DEBT 35 SHORT-TERM DEBT 36 TOTAL S-T LIABILITIES 37 38 39 PERCENT RATIOS: L-T DEBT/CREDIT MARKET DEBT S-T DEBT/CREDIT MARKET DEBT LIQUID ASSETS/S—T LIABIL. <1> FOREIGN INVESTMENT IS NET OF BOND ISSUES ABROAD, AND BOND ISSUES OUTSIDE THE U.S. ARE EXCLUDED FROM LIABILITIES ABOVE C2> INDUSTRIAL POLLUTION CONTROL REVENUE BONDS. ISSUED BY STATE AND LOCAL GOVERNMENTS TO FINANCE PRIVATE INVEST MENT AND SECURED IN INTEREST AND PRINCIPAL BY THE INDUSTRIAL USER OF THE FUNDS. (3) MATURITY SPLIT ON DEBT IS APPROXIMATE: L-T IS BONDS, M-F + COMMERCIAL MORTGAGES, AND 40? OF BANK LOANS. S-T DEBT IS OTHER CREDIT MARKET BORROWING. TOTAL S-T LIABILITIES IS S-T BORROWING + TAX LIABILITIES + TRADE DEBT. MILLIONS OF DOLLARS OCTOBER 1979 STATE+LOCAL GOVT AND FOREIGN STATE+LOCAL GOVT AND FOREIGN 105 YEAR-END OUTSTANDINGS, 1949-58 1949 1950 1951 YEAR-END OUTSTANDINGS, 1952 1953 1954 1955 1956 1957 1958 1949-58 STATE ANO local Governments - GENERAL FUNDS 1 2 3 4 16.205 6.044 1. 290 0 17.718 6.495 1.391 0 18.857 6.890 1.543 0 20.784 7.193 1.628 0 22.771 7.577 1.957 0 24.770 7.943 2.419 0 25.964 7.982 2.356 0 26.366 7.438 2.400 0 26.634 6.781 2.783 0 27.748 6.564 3.589 0 5 6 7 8 8.221 6.288 6. 093 195 9.017 6.748 6.552 196 9.496 7.129 6.932 197 11.092 8.572 8.238 334 12.383 9.598 9.041 557 13.590 10.541 9.848 693 14.613 11.493 10.849 644 15.439 12.238 11.654 584 16.006 12.493 11.738 755 16.546 12.674 11.726 948 9 10 11 1.748 185 650 2.032 237 815 2.061 306 92 8 2.111 409 871 2.293 492 854 2.467 5 82 818 2.479 641 1.013 2.480 721 1.089 2.590 923 1.064 2.737 1.135 1.049 STATE + LOCAL OBLIGATIONS MORTGAGES TAXES RECEIVABLE 9 10 11 12 13 14 15 16 22.715 21.537 21.049 881 20.168 26.214 24.936 24.381 1.274 23.107 28.653 27.375 26.559 1.5 86 24.973 32.759 31.381 30.243 1.779 28.464 36.764 35.286 34.512 1.948 32.564 42.661 41.033 40.594 2.058 38.536 48.099 46.321 45.870 2.086 43.784 51.858 49.980 49.461 2.180 47.281 56.456 54.378 53.708 2.355 51.353 62.334 60.056 59.206 2.770 56.436 TOTAL LIABILITIES CREDIT MARKET INSTRUMENTS STATE + LOCAL OBLIGATIONS SHORT-TERM OTHER 12 13 14 15 16 17 18 488 1.178 555 1.278 816 1.278 1.138 1.378 774 1.478 439 1.628 451 1.778 519 1.878 670 2.078 850 2.278 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY TIME DEPOSITS SECURITY RP’S CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES TREASURY U.S. GOVT. AGENCY U.S. GOVERNMENT LOANS TRADE DEBT 1 2 3 4 5 6 7 8 17 18 REST OF THE WORLD 1 2 3 4 5 24.957 10.452 1.988 1.727 848 29.776 12.535 2.035 1.954 1.073 31.174 12.703 1.700 1.666 1.676 33.053 12.563 1.950 1.807 1.758 35.745 14.199 1.498 2.408 1.682 39.748 15.147 1.708 2.900 1.729 43.279 15.867 1.532 2.799 1.846 46.113 16.017 1.753 2.657 2.196 46.148 15.908 2.102 2.533 1.959 52.745 18.863 2.006 3.414 2.111 6 7 8 9 10 2.490 2.338 1.867 327 144 2.925 3.581 3.062 317 2 02 3.450 3.598 2.982 323 293 3.705 4.718 4.050 359 309 3.650 5.310 4.535 374 401 5.254 5.742 4.778 380 584 6.575 6.711 5.838 434 439 6.961 7.858 6.686 501 671 6.091 8.409 6.864 591 954 8.305 8.446 6.958 645 843 11 12 73 321 87 352 84 376 82 417 76 367 101 329 84 374 86 481 92 566 119 500 13 14 15 4.720 2.941 1.779 5.234 3.391 1.843 5.921 3.658 2.263 6. 053 3.945 2.108 6.555 4.251 2.304 6.838 4.633 2.205 7.491 5.076 2.415 8.104 5.459 2.645 8.488 5.710 2.778 16 28.396 29.971 31.866 34.081 36.444 38.343 40.515 46.199 17 1.462 1.446 1.426 1.462 1.367 1.185 1.044 1.608 18 19 13.919 2. 871 14.038 3. 122 14.679 3.399 15.140 3.426 16.268 3.314 16.554 3.264 16.579 3.071 20 21 22 23 946 80 328 538 664 160 302 2 02 817 326 355 136 855 279 279 297 727 223 266 238 1.196 422 449 325 TOTAL FINANCIAL ASSETS GOLD + SDR’S U.S. DEMAND DEPOSITS U.S. TIME DEPOSITS NET INTERBANK CLAIMS 1 2 3 4 5 U.S. CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES U.S. CORPORATE BONDS (1) ACCEPTANCES 6 7 8 9 10 SECURITY CREDIT TRADE CREDIT 11 12 8.981 6.115 2.866 MISCELLANEOUS ASSETS DIRECT INVESTMENT IN U.S. OTHER 13 14 15 51.214 55.003 1.975 1.958 TOTAL LIABILITIES U.S. OFFICIAL FGN. EXCHANGE + NET IMF POSITION 17 17.446 3.381 18.763 3.816 20.765 4.734 CREDIT MARKET INSTRUMENTS CORP. + FOREIGN BONDS 18 19 1.413 427 458 528 1.789 500 579 710 2.106 678 569 859 2.647 892 656 1.099 BANK TO TO TO LOANS N.E.C. FGN. OFFICIAL FGN. BANKS OTHER FGN. 16 20 21 22 23 24 10.102 10.252 10.463 10.859 12.227 12.094 12.095 12.276 12.841 13.384 OTHER LOANS 24 25 26 26 423 32 413 35 455 36 482 36 463 66 532 66 586 60 728 60 816 77 794 SECURITY DEBT TRADE DEBT 25 26 27 28 29 30 31 12.566 635 297 10.700 934 14.042 635 379 11.788 1.240 15.271 635 427 12.979 1.230 16.961 635 412 14.721 1.193 18.310 635 419 16.253 1.003 20.006 635 570 17.631 1.170 22.240 635 852 19.395 1.358 26.357 670 1.404 22.505 1.778 29.600 670 1.976 25.394 1.560 31.409 670 2.288 27.409 1.042 MISCELLANEOUS LIABILITIES USG EQUITY IN IBRD, ETC. U.S. DEPOSITS ABROAD U.S. DIR. INV. ABROAD (1) OTHER 27 28 29 30 31 (1) MILLIONS OF DOLLARS EXCLUDES U.S. SECURITY ISSUES IN FOREIGN MARKETS. OCTOBER 1979 STATE+LOCAL GOVT ANO FOREIGN STATE+LOCAL GOVT AND FOREIGN 106 YEAR-END OUTSTANDINGS* 1959-68 YEAR-END OUTSTANDINGS, 1959 1960 1961 1962 1963 1964 1965 1966 1959-68 1967 1968 STATE AND LOCAL GOVERNMENTS - GENERAL FUNDS 30.692 8.258 3.179 0 33.057 8.418 4.557 0 34.513 8.830 5.465 0 37.227 9.364 6.450 0 41.419 10.877 8.093 0 44.944 12.509 9.812 0 50.066 12.127 12.186 0 54.348 12.975 13.462 0 57.980 14.128 15.892 0 63.465 13.913 19.110 0 1 2 3 4 18.048 13.944 12.959 985 18.788 14.459 13.378 1.081 18.883 14.271 13.369 902 19.866 15.193 14.426 767 20.751 16.120 15.145 975 20.734 15.987 15.163 824 23.731 18.851 17.955 896 25.636 20.623 20.460 16 3 25.461 20.333 19.654 679 27.267 21.901 19.165 2.736 5 6 7 8 STATE ♦ LOCAL OBLIGATIONS MORTGAGES TAXES RECEIVABLE 2.714 1.390 1.207 2.747 1.582 1.294 2.763 1.849 1.335 2.573 2.100 1.547 2.334 2.297 1.698 2.223 2.524 1.889 2.167 2.713 2.022 2.125 2.888 2.275 2.125 3.003 2.499 2.171 3.195 3.175 9 10 11 12 TOTAL LIABILITIES CREDIT MARKET INSTRUMENTS 13 14 STATE + LOCAL OBLIGATIONS 15 SHORT-TERM 16 OTHER 68.899 66.521 65.486 3.173 62.313 74.463 72.006 70.766 3.457 67.309 79.986 77.317 75.851 3.693 72.158 85.980 83.179 81.209 3.682 77.527 92.181 89.135 86.932 4.128 82.804 98.716 95.397 92.933 4.889 88.044 106.746 103.055 100.278 5.507 94.771 113.511 109.329 105.925 6.168 99.757 122.050 117.282 113.703 8.000 105.703 132.588 127.212 123.219 8.143 115.076 12 13 14 15 16 1.035 2.378 1.240 2.457 1.466 2.669 1.970 2.801 2.203 3.046 2.464 3.319 2.777 3.691 3.404 4.182 3.579 4.768 3.993 5.376 17 18 1 TOTAL FINANCIAL ASSETS 2 DEMAND DEPOSITS + CURRENCY TIME DEPOSITS 3 SECURITY RP'S 4 CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES TREASURY U.S. GOVT. AGENCY 5 6 7 8 9 10 11 U.S. GOVERNMENT LOANS TRADE DEBT 17 18 REST OF THE WORLD 1 TOTAL FINANCIAL ASSETS 2 GOLD + SDR'S 3 U.S. DEMAND DEPOSITS 4 U.S. TIME DEPOSITS net interbank CLAIMS 5 59.243 20.688 2.140 2.575 2.132 63.251 22.736 2.122 2.859 2.960 69.298 24.173 3.098 2.911 3.087 70.768 25.418 3.233 3.409 2.981 77.293 26.709 3.499 4.260 3.233 83.304 27.544 4.458 5.515 3.717 86.945 29.424 4.583 6.081 3.830 88.465 29.950 4.963 6.413 6.693 107.020 29.535 5.290 7.679 7.259 117.316 30.013 5.851 7.409 9.404 1 2 3 4 5 9.363 11.321 9.975 589 757 9.302 12.467 10.508 668 1.291 11.808 13.023 10.994 669 1.360 10.336 14.401 12.320 694 1.387 12.485 15.099 12.911 751 1.437 13.835 15.924 13.345 959 1.620 14.599 16.071 13.277 812 1.982 12.643 14.456 10.812 1.432 2.212 25.511 16.454 12.903 1.304 2.247 29.517 16.749 12.432 1.491 2.826 6 7 8 9 10 107 664 112 573 149 798 112 688 109 651 116 724 158 900 175 1.372 311 1.953 636 3.425 11 12 6 7 8 9 10 U.S. CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES U.S. CORPORATE BONDS (1) ACCEPTANCES 11 12 SECURITY CREDIT TRADE CREDIT 13 14 15 MISCELLANEOUS ASSETS DIRECT INVESTMENT IN U.S. OTHER 10.253 6.604 3.649 10.120 6.910 3.210 10.251 7.392 2.859 10.190 7.612 2.578 11.248 7.944 3.304 11.471 8.363 3.108 11.299 8.797 2.502 11.800 9.054 2.746 13.028 9.923 3.105 14.312 10.815 3.497 13 14 15 16 TOTAL LIABILITIES U.S. OFFICIAL FGN. EXCHANGE + NET IMF POSITION 17 58.477 63.303 69.340 74.174 80.172 91.751 99.321 104.966 113.752 123.392 16 CREDIT MARKET INSTRUMENTS CORP. + FOREIGN BONDS 18 19 20 21 22 23 BANK TO TO TO LOANS N.E.C. FGN. OFFICIAL FGN. BANKS OTHER FGN. 1.997 1.555 1.806 1.163 1.247 1.201 1.644 1.647 2.765 4.818 17 21.436 5.207 23.250 5.784 25.503 6.221 28.045 7.215 31.188 8.208 35.356 8.675 37.765 9.135 39.225 9.870 43.064 11.086 45.750 12.170 18 19 2.861 888 722 1.251 3.010 861 765 1.384 3.740 988 1.013 1.739 4.153 1.033 1.246 1.874 4.785 914 1.412 2.459 6.512 939 1.968 3.605 7.101 1.064 2.118 3.919 7.051 960 2.249 3.842 6.695 975 1.847 3.873 6.296 774 1.907 3.615 20 21 22 23 24 OTHER LOANS 13.368 14.456 15.542 16.677 18.195 20.169 21.529 22.304 25.283 27.284 24 25 26 SECURITY DEBT TRADE DEBT 87 877 84 1.641 121 1.710 85 2.219 108 1.841 91 2.606 119 2.550 128 2.883 298 3.398 508 3.797 25 26 27 28 29 30 31 MISCELLANEOUS LIABILITIES USG EQUITY IN IBRD, ETC. U.S. DEPOSITS ABROAD U.S. DIR. INV. ABROAD (1) OTHER 34.080 67 0 2.514 29.827 1.069 36.773 824 3.040 31.865 1.044 40.200 995 3.272 34.717 1.216 42.662 1.117 3.903 37.276 366 45.788 1.179 4.123 40.736 -250 52.497 1.229 4.418 44.480 2.370 57.243 1.290 3.942 49.283 2.728 61.083 1.290 3.703 51.007 5.083 64.227 1.373 3.718 55.329 3.807 68.519 1.510 4.190 58.547 4.272 27 28 29 30 31 (1) EXCLUDES U.S. SECURITY ISSUES IN FOREIGN MARKETS. MILLIONS OF DOLLARS OCTOBER 1979 STATE+LOCAL GOVT AND FOREIGN STATE+LOCAL GOVT AND FOREIGN 107 YEAR-END OUTSTANDINGS, 1970 1 969 1969-78 1971 YEAR-END OUTSTANDINGS, 1972 1973 1974 1975 1976 1977 1978 1969-78 STATE AND LOCAL GOVERNMENTS - GENERAL FUNDS 1 2 3 4 64.568 15.326 13.220 0 71.857 12.472 23.225 0 78.231 13.498 30.384 0 95.232 15.181 37.161 0 110.623 14.858 44.385 2.400 120.210 14.167 50.087 6.000 122.572 14.267 48.113 7.000 134.159 13.622 50.212 7.000 159.128 15.040 57.182 8.000 184.223 13.901 65 .266 10.000 5 6 7 8 32.538 26.650 22.227 4. 423 32.451 25.498 23.166 2.332 30.104 22.324 21.838 486 37.870 29.002 25.950 3.052 43.225 32.428 24.969 7.459 43.456 29.665 19.496 10.169 46.086 28.305 17.844 10.461 54.029 32.626 20.020 12.606 67.997 46.087 32.613 13.474 82.531 58.633 42.363 16.270 CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES TREASURY U.S. GOVT. AGENCY 9 10 II 2.236 3.652 3.484 2.384 4.569 3.709 2. 132 5.648 4.245 1.833 7.035 5.020 2.062 8.735 5.755 2.586 11.205 6.500 4.969 12.812 7.106 7.341 14.062 9.296 7.257 14.653 10.909 8.275 15.623 12.525 STATE + LOCAL OBLIGATIONS MORTGAGES TAXES RECEIVABLE 9 10 11 12 13 14 15 16 143.701 137.884 133.145 10.909 122.236 155.583 149.192 144.376 13.252 131.124 173.976 166.893 161.712 15.735 145.977 189.039 181.399 175.873 15.787 160.086 202.125 193.701 188.785 16.102 172.683 219.418 209.209 203.617 18.811 184.806 234.511 222.946 217.165 18.552 198.613 250.398 238.161 230.344 14.485 215.859 271.748 258.524 250.502 11.856 238.646 296.337 282.088 275.622 12.443 263.179 TOTAL LIABILITIES CREDIT MARKET INSTRUMENTS STATE + LOCAL OBLIGATIONS SHORT-TERM OTHER 12 13 14 15 16 17 18 4. 739 5. 817 4.816 6.391 5.181 7.083 5.526 7.640 4.916 8.424 5.592 10.209 5.781 11.565 7.817 12.237 8.022 13.224 6.466 14.249 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY TIME DEPOSITS SECURITY RP’S U.S. GOVERNMENT LOANS TRADE DEBT 1 2 3 4 5 6 7 8 17 18 REST OF THE WORLD 1 2 3 4 5 122.222 29.156 6. 175 8. 789 16. 844 131.378 32.766 6.696 7.125 10.456 160.359 36.763 6.503 7.454 5.846 191.805 43.425 8.270 10.580 6.787 205.298 47.270 11.165 13.392 4.097 219.610 47.002 13.991 21.123 3.862 233.113 47.044 13.675 22.579 -5.997 265.904 46.545 16.870 20.680 -11.847 300.985 46.140 19.270 21.006 -12.667 358.027 47.259 19.022 22.151 -7.244 6 7 8 9 10 26.761 16.266 10.419 2.027 3.820 27.209 26.736 19.731 2.698 4.307 30.811 53.171 46.033 2.990 4. 148 39.059 61.582 54.435 3.061 4.086 33.516 62.181 54.664 3.130 4.387 24.221 73.385 58.396 3.980 11.009 35.313 79.514 66.500 4.573 8.441 42.866 94.693 78.120 5.463 11.110 39.704 134.054 109.601 8.983 15.470 42.007 171.779 137.822 10.612 23.345 11 12 434 4. 216 349 6.230 311 6.599 366 7.414 333 8.449 293 10.293 364 11.942 0 15.360 0 16.868 13 14 15 13.581 11.818 1.763 13.811 13.270 541 12.901 13.914 -1.013 14.322 14.868 -546 24.895 20.556 4.339 25.440 25.144 296 28.679 27.662 1.017 40.737 30.770 9.967 16 131.151 138.726 150.451 162.528 182.084 208.408 237.177 17 5. 105 2.564 861 706 560 1.857 2.292 18 19 48.923 13.198 51.631 14.072 56.165 15.012 61.342 16.042 67.680 17.000 81.128 19.102 20 21 22 23 6. 029 765 2.095 3. 169 5.824 623 2.031 3.170 7.291 806 2.372 4.113 10.389 1.002 3.528 5.859 13.104 1.440 5.128 6.536 24 29.696 31.735 33.862 34.911 25 26 278 4.618 279 5.581 314 6.107 405 6.574 27 28 29 30 31 72.227 1.694 3.683 63.704 3. 146 78.671 1.929 3.247 70.269 3.226 87.004 2. 181 3.624 76.388 4.811 93.501 2.451 4. 170 81.503 5.377 1 2 3 4 5 U.S. CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS U.S. GOVT. SECURITIES U.S. CORPORATE BONDS (1) ACCEPTANCES 6 7 8 9 10 0 20.264 SECURITY CREDIT TRADE CREDIT 11 12 36.610 34.595 2.015 42.789 40.831 1.958 MISCELLANEOUS ASSETS DIRECT INVESTMENT IN U.S. OTHER 13 14 15 278.583 303.035 363.298 4.754 4.969 5.421 TOTAL LIABILITIES U.S. OFFICIAL FGN. EXCHANGE + NET IMF POSITION 17 94.342 25.318 114.909 33.878 128.511 38.929 165.516 42.942 CREDIT MARKET INSTRUMENTS CORP. + FOREIGN BONDS 18 19 17.760 1.705 8.244 7.811 21.619 1.964 9.335 10.320 28.395 2.855 13.534 12.006 31.449 2.937 16.184 12.328 49.940 5.167 25.707 19.066 37.576 44.266 47.405 52.636 58.133 72.634 OTHER LOANS 24 231 8.451 193 11.537 319 12.202 0 12.519 0 13.018 0 12.744 SECURITY DEBT TRADE DEBT 25 26 105.162 2.799 5.950 91.715 4.698 113.693 3.445 7.009 100.364 2.875 128.022 4.119 l.lbl 114.140 1.996 146.401 5.207 9.312 126.583 5.299 156.537 5.956 10.538 138.964 1.079 179.617 6.581 12.673 156.381 3.982 MISCELLANEOUS LIABILITIES USG EQUITY IN IBRD, ETC. U.S. DEPOSITS ABROAD U.S. DIR. INV. ABROAD (1) OTHER 27 28 29 30 31 (1) MILLIONS OF DOLLARS TOTAL FINANCIAL ASSETS GOLD + SDR'S U.S. DEMAND DEPOSITS U.S. TIME DEPOSITS NET INTERBANK CLAIMS BANK TO TO TO LOANS N.E.C. FGN. OFFICIAL FGN. BANKS OTHER FGN. EXCLUDES U.S. SECURITY ISSUES IN FOREIGN MARKETS. 16 20 21 22 23 OCTOBER 1979 U.S.GOVT. + AGENCIES U.S.GOVT. + AGENCIES 108 SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES YEAR-END OUTSTANDINGS, YEAR-END OUTSTANDINGS, 1949-58 1950 1949 1951 1953 1952 U. S. 1 TOTAL FINANCIAL ASSETS 2 GOLD, SDR’S,+OFF. FGN. EXCH. DEMAND DEPOSITS + CURRENCY 3 TIME DEPOSITS 4 5 6 7 8 9 10 CREOIT MARKET INSTRUMENTS SPONS. AG. ISSUES + POOLS MORTGAGES OTHER LOANS TO REST OF THE WORLD TO OTHERS 11 12 13 TAXES RECEIVABLE TRADE CREDIT MISCELLANEOUS 14 TOTAL LIABILITIES 15 TREASURY CURR. + SDR CTFS. CREDIT MARKET INSTRUMENTS 16 17 SAVINGS BONDS OTHER TREASURY ISSUES 18 19 BUDGET AGENCY ISSUES LOAN PARTICIPATIONS 20 21 RESIDENTIAL MORTGAGES 22 23 24 25 TRADE DEBT LIFE INSURANCE RESERVES RETIREMENT FUND RESERVES MISCELLANEOUS 1954 1949-58 1955 1956 1957 1958 GOVERNMENT 32.890 1.878 5.186 182 40.875 1.594 4.948 190 48.361 1.631 5.067 278 49.622 1.557 7.438 351 50.434 1.471 5.906 342 47.070 1.302 5.567 370 50.100 1.168 5.297 357 49.859 1.776 5.009 330 49.487 2.080 5.145 301 48.558 2.041 5.453 327 1 2 3 4 15.273 0 1.462 13.811 10.044 3.767 15.976 0 1.777 14.199 10.133 4.066 17.274 5 2.391 14.878 10.286 4.592 18.816 2 2.936 15.878 10.702 5.176 20.785 0 3.326 17.459 12.030 5.429 20.495 1 3.425 17.069 11.823 5.246 21.109 20 3.622 17.467 11.785 5.682 21.770 9 3.644 18.117 11.799 6.318 22.411 13 3.925 18.473 12.153 6.320 23.890 3 4.335 19.552 12.772 6.780 5 6 7 8 9 10 9.114 0 1.257 16.515 400 1.252 21.601 1.300 1.210 17.998 2.251 1.211 18.537 2.214 1.179 15.541 2.445 1.350 18.234 2.274 1.661 16.388 2.350 2.236 14.406 2.261 2.883 11.957 1.723 3.167 11 12 13 235.246 2.384 217.670 49.300 167.366 0 1.004 0 235.993 2.374 216.491 49.552 166.557 0 382 0 238.020 2.398 216.053 49.081 166.727 0 245 0 244.155 2.435 221.418 49.173 171.619 0 626 0 251.398 2.469 228.438 49.371 176.814 0 2.253 0 253.507 2.505 230.836 49.966 178.532 0 2.338 0 252.884 2.507 230.029 50.229 178.189 570 1.041 0 248.359 2.526 224.213 50.135 172.722 570 786 0 246.529 2.562 221.958 48.226 171.957 1.372 307 96 256.748 2.600 231.258 47.703 181.425 797 801 532 14 15 16 17 18 19 20 21 0 5.660 5.959 3.573 1.100 5.969 6. 743 3.316 2.700 6.142 7.453 3.274 2.775 6.185 8.411 2.931 2.600 6.259 8.941 2.691 2.366 5.960 9.359 2.481 2.283 5.795 10.048 2.222 2.608 6.098 10.911 2.003 2.769 6.185 11.346 1.709 2.832 6.241 12.280 1.537 22 23 24 25 FEDERALLY SPONSORED CREDIT AGENCIES AND MORTGAGE POOLS SPONSORED CREDIT AGENCIES— 2.758 71 3.212 91 3.626 89 3.779 96 4.007 139 4.379 112 5.342 132 6.317 132 7.697 113 8.022 125 1 2 2.647 450 450 0 0 3.107 373 373 0 0 3.524 428 428 0 0 3.647 495 495 0 0 3.708 589 589 0 0 4.024 849 849 0 0 5.000 976 936 0 40 6.048 1.244 1.226 0 18 7.347 1.161 1.143 0 18 7.684 1.252 1.252 0 0 3 4 5 6 7 427 0 42 7 810 0 810 911 0 911 864 0 864 952 0 952 86 7 0 867 1.503 86 1.417 1.877 649 1.228 2.901 1.636 1.265 2.679 1.381 1.298 8 9 10 1.770 905 247 618 40 1.924 952 279 693 14 2.185 1.010 326 849 13 2.288 1.091 330 867 36 2.167 1.180 372 615 160 2.308 1.281 362 665 243 2.561 1.497 371 693 170 2.945 1.741 457 747 119 3.303 1.917 454 932 219 3.753 2.087 510 1.156 213 11 12 13 14 15 16 TOTAL LIABILITIES 17 CREDIT MARKET INSTRUMENTS 18 SPONS. AGENCY ISSUES (1) 19 U.S. GOVERNMENT LOANS 2.493 1.447 1.447 0 2.921 1.828 1.828 0 3.314 2.055 2.055 0 3.436 2. 102 2.102 0 3.647 2.099 2.099 0 4.005 2.064 2.064 0 4.950 3.071 3.005 66 5.912 3.809 3.448 361 7.254 4.929 4.848 81 7.544 4.985 4.925 60 16 17 18 19 20 21 22 23 1.046 267 599 180 1.093 224 606 263 1.259 261 649 349 1.334 420 698 216 1.548 558 758 232 1.941 802 898 241 1.879 698 990 191 2.103 683 1.102 318 2.325 653 1.283 389 2.559 819 1.379 361 20 21 22 23 24 TOTAL MORTGAGE HOLDINGS 25 HOME MORTGAGES MULTIFAMILY MORTGAGES 26 27 FARM MORTGAGES 7 0 0 7 32 0 0 32 43 0 0 43 53 0 0 53 60 0 0 60 78 0 0 78 116 0 0 116 149 0 0 149 173 0 0 173 190 0 0 190 24 25 26 27 28 TOTAL POOL SECURITIES 1 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY 2 3 4 5 6 7 8 9 10 11 12 13 14 15 CREDIT MARKET INSTRUMENTS LIQUID ASSETS U.S.GOVT. SECURITIES OPEN-MARKET PAPER FEDERAL FUNDS + RP'S HOUSING CREDIT RESIDENTIAL MORTGAGES FHLB LOANS TO S+L ASSOC. LOANS TO AGRICULTURE FARM MORTGAGES LOANS TO COOPS (BC) LOANS TO FARMERS (FICB) MISCELLANEOUS ASSETS MISCELLANEOUS LIABILITIES DEPOSITS AT FHLB'S CAPITAL SUBSCRIPTIONS OTHER FEDERALLY SPONSORED MORTGAGE POOLS (1) 29 30 31 32 7 32 43 53 60 78 116 149 173 190 28 MEMO: TOTALS FOR AGENCIES AND POOLS— 2.654 CREDIT MARKET INSTRUMENTS LIQUID ASSETS 450 42 7 HOUSING CREDIT 1.777 LOANS TO AGRICULTURE 3.139 373 810 1.956 3.567 428 911 2.228 3.700 495 864 2.341 3.768 589 952 2.227 4.102 849 867 2.386 5.116 976 1.503 2.677 6.197 1.244 1.877 3.094 7.520 1.161 2.901 3.476 7.874 1.252 2.679 3.943 29 30 31 32 1.454 1.860 2.098 2.155 2.159 2.142 3.121 3.597 5.021 5.115 33 33 DEBT SECURITIES OUTSTANDING (1) GNMA, FHLMC, AND FARMERS HOME ADM. MILLIONS OF DOLLARS POOLS. OCTOBER 1979 U.S.GOVT. + AGENCIES U.S.GOVT. + AGENCIES 109 SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES YEAR-END OUTSTANDINGS, YEAR-END OUTSTANDINGS, 1959-68 1960 1959 1961 1962 1963 1964 1965 1966 1967 1968 1959->-68 U.S. GOVERNMENT 1 2 3 4 53.468 2. 110 6.111 285 54.440 1.693 7. 154 262 57.144 1.911 7. 171 284 60.739 1.209 8.116 269 64.350 1.229 7.730 260 67.956 1.034 8.302 272 71.037 1.137 6.902 250 74.840 905 6.816 220 77.602 1.304 8.266 267 84.576 3.340 6.586 368 TOTAL FINANCIAL ASSETS GOLD, SDR'S,+OFF. FGN. EXCH DEMAND DEPOSITS + CURRENCY TIME DEPOSITS 1 2 3 4 5 6 7 8 9 10 25.714 2 5.605 20.107 12.810 7.297 26.780 37 5.800 20.943 13.263 7.680 28.452 35 6.249 22.168 13.754 8.414 30.855 0 6.322 24.533 14.925 9.608 32.295 29 5.917 26.349 15.970 10.379 35.093 12 5.870 29.211 17.548 11.663 37.926 45 5.853 32.028 19.028 13.000 42.442 1.355 6.831 34.256 19.764 14.492 47.055 1.267 7.824 37.964 22.270 15.694 51.951 1.401 9.261 41.289 24.430 16.859 CREDIT MARKET INSTRUMENTS SPONS. AG. ISSUES + POOLS MORTGAGES OTHER LOANS TO REST OF THE WORLD TO OTHERS 5 6 7 8 9 10 11 12 13 14.115 1.722 3.411 12.675 1.790 4.086 13.155 1.776 4.395 13.697 2.005 4.588 15.472 2.490 4.874 15.733 2.734 4.788 17.021 3.122 4.679 15.656 4.371 4.430 10.535 5.839 4.336 11.804 6.414 4.113 TAXES RECEIVABLE TRADE CREDIT MISCELLANEOUS 11 12 13 14 15 16 17 18 19 20 21 264.739 2.639 238.335 45.907 190.632 797 152 847 263.782 2.686 236.274 45.642 188.692 50 638 1.252 272.157 2.740 243.475 46.445 194.561 100 895 1.474 280.347 2.760 250.468 46.968 200.228 145 1.393 1.734 285.431 2.806 254.441 48.149 203.129 180 1.187 1.796 292.703 2.830 260.670 49.060 207.562 190 2.032 1.826 296.700 3.064 262.434 49.695 208.224 240 2.430 1.845 303.449 3.963 266.063 50.249 210.006 345 3.680 1.783 319.349 4.646 279.063 51.219 217.944 462 7.718 1.720 334.850 5.062 292.631 51.866 227.771 1.946 9.394 1.654 22 23 24 25 2.903 6.350 13.164 1.348 3.145 6.426 14.090 1.161 3.380 6.519 15.006 1.037 3.661 6 • 644 15.999 815 3.562 6.775 17.160 687 3.359 6.879 18.409 556 3.866 7.013 19.724 599 4.535 7.120 20.977 791 5.104 7.200 22.292 1.044 5.103 7.186 23.628 1.240 FEDERALLY SPONSORED CREDIT TOTAL LIABILITIES TREASURY CURR. + SDR CTFS. CREDIT MARKET INSTRUMENTS SAVINGS BONDS OTHER TREASURY ISSUES BUDGET AGENCY ISSUES LOAN PARTICIPATIONS RESIDENTIAL MORTGAGES 14 15 16 17 18 19 20 21 TRADE DEBT LIFE INSURANCE RESERVES RETIREMENT FUND RESERVES MISCELLANEOUS 22 23 24 25 AGENCIES AND MORTGAGE POOLS SPONSORED CREDIT AGENCIES— 1 2 10.312 157 11.546 152 12.664 207 14.331 227 15.783 201 16.487 187 18.772 172 23.832 175 23.724 178 26.962 181 3 4 5 6 7 9.908 1.352 1.352 0 0 11.092 1.497 1.494 0 3 12.128 1.419 1.419 0 0 13.744 1.792 1.792 0 0 15.298 2.204 2.204 0 0 16.007 1.789 1.762 0 27 18.265 1.896 1.896 0 0 23.333 2.880 2.831 0 49 23.289 2.855 2.855 0 0 26.518 2.747 2.735 0 12 8 9 10 4. 184 2.050 2. 134 4.884 2.903 1.981 5.534 2.872 2.662 6.325 2.846 3.479 6.846 2.062 4.784 7.322 1.997 5.325 8.517 2.520 5.997 11.331 4.396 6.935 9.908 5.522 4.386 12.426 7.167 5.259 11 12 13 14 15 4.372 2.360 622 1.390 247 4.714 2.564 649 1.501 299 5.175 2.828 697 1.650 329 5.627 3.052 735 1.840 360 6.248 3.309 840 2.099 284 6.923 3.718 95 8 2.247 266 7.852 4.281 1.055 2.516 335 9.171 4.958 1.290 2.923 275 10.526 5.609 1.506 3.411 257 11.357 6.126 1.577 3.654 251 16 17 18 19 9. 804 7. 259 7. 120 139 11.007 7.897 7.860 37 12.079 8.578 8.474 104 13.691 10.077 9.988 89 15.084 11.524 11.524 0 15.739 12.068 11.937 131 17.969 14.182 13.846 336 22.983 19.007 18.904 103 22.833 18.386 18.350 36 26.056 21.862 21.579 283 20 21 22 23 2. 545 589 1.514 442 3.110 938 1.690 482 3.501 1.180 1.835 486 3.614 1.213 1.884 517 3. 560 1.151 1.902 507 3.671 1.199 1.930 542 3.787 1.045 2.029 713 3.976 1.037 2.293 646 4.447 1.432 2.371 644 4.194 1.383 2.218 593 24 25 26 27 204 0 0 204 202 0 0 202 290 4 0 286 413 8 0 405 525 15 1 509 624 41 2 581 86 9 154 4 711 1.314 460 4 850 1.988 953 9 1.026 2.526 1 .377 18 1.131 TOTAL MORTGAGE HOLDINGS HOME MORTGAGES MULTIFAMILY MORTGAGES FARM MORTGAGES 24 25 26 27 28 204 202 290 413 525 624 86 9 1.314 1.988 2.526 TOTAL POOL SECURITIES 28 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY CREDIT MARKET INSTRUMENTS LIQUID ASSETS U.S.GOVT. SECURITIES OPEN-MARKET PAPER FEDERAL FUNDS + RP'S HOUSING CREDIT RESIDENTIAL MORTGAGES FHLB LOANS TO S+L ASSOC. LOANS TO AGRICULTURE FARM MORTGAGES LOANS TO COOPS (BC) LOANS TO FARMERS (FICB) MISCELLANEOUS ASSETS TOTAL LIABILITIES CREDIT MARKET INSTRUMENTS SPONS. AGENCY ISSUES (1) U.S. GOVERNMENT LOANS MISCELLANEOUS LIABILITIES DEPOSITS AT FHLB'S CAPITAL SUBSCRIPTIONS OTHER 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 FEDERALLY SPONSORED MORTGAGE POOLS (1) 29 30 31 32 10.112 1.352 4. 184 4. 576 11.294 1.497 4.884 4.916 12.418 1.419 5.538 5.461 14.157 1.792 6.333 6.032 15.823 2.204 6.862 6.757 16.631 1.789 7.365 7.504 19.134 1.896 8.675 8.563 24.647 2.880 11.795 10.021 25.277 2.855 10.870 11.552 33 7.324 8.062 8.764 10.401 12.049 12.561 14.715 20.218 20.338 (1) MILLIONS OF DOLLARS MEMO: TOTALS FOR AGENCIES AND POOLS— 29.044 CREDIT MARKET INSTRUMENTS 2.747 LIQUID ASSETS HOUSING CREDIT 13.821 12.488 LOANS TO AGRICULTURE 24.105 DEBT SECURITIES OUTSTANDING GNMA, FHLMC, AND FARMERS HOME ADM. POOLS. 29 30 31 32 33 OCTOBER 1979 U.S.GOVT. + AGENCIES 110 U.S.GOVT. + AGENCIES SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES YEAR-END OUTSTANDINGS, 1969-78 YEAR-END OUTSTANDINGS, 1969 1970 1971 1972 1973 1974 1969-78 1975 1976 1977 1978 U.S. GOVERNMENT 1 TOTAL FINANCIAL ASSETS 2 GOLD, SDR’S,+OFF. FGN. EXCH. 3 DEMAND DEPOSITS + CURRENCY 4 TIME DEPOSITS 5 6 7 8 9 10 CREDIT MARKET INSTRUMENTS SPONS. AG. ISSUES + POOLS MORTGAGES OTHER LOANS TO REST OF THE WORLD TO OTHERS 11 12 13 TAXES RECEIVABLE TRADE CREDIT MISCELLANEOUS 14 TOTAL LIABILITIES 15 TREASURY CURR. + SDR CTFS. 16 CREDIT MARKET INSTRUMENTS 17 SAVINGS BONDS OTHER TREASURY ISSUES 18 19 BUDGET AGENCY ISSUES 20 LOAN PARTICIPATIONS 21 RESIDENTIAL MORTGAGES 22 23 24 25 TRADE DEBT LIFE INSURANCE RESERVES RETIREMENT FUND RESERVES MISCELLANEOUS 88.061 4.691 7.729 211 89.140 3.573 10.181 463 93.209 2.094 13.491 520 94.456 2.627 13.336 60 6 99.491 2.887 12.646 439 105.819 4.312 8.257 477 122.911 4.571 11.153 572 145.399 7.004 15.141 731 156.196 7.603 14.628 878 185.532 5.402 18.652 942 1 2 3 4 55.081 104 10.231 44.746 26.527 18.219 57.768 7 10.533 47.228 27.767 19.461 59.918 25 10.153 49.740 29.592 20.148 62.391 8 9.470 52.913 31.685 21.228 65.462 6 8.871 56.585 33.420 23.165 73.059 2.508 10.293 60.258 32.848 27.410 88.206 7.012 13.517 67.677 35.699 31.978 97.160 10.750 10.455 75.955 38.996 36,959 109.095 16.095 10.225 82.775 42.074 40.701 129.511 23.825 9.854 95.832 45.988 49.844 5 6 7 8 9 10 8.812 7.333 4.204 6.221 6.556 4.378 7.763 4.852 4.571 7.014 4.033 4.449 8.330 4.307 5.420 8.901 5.305 5.508 5.800 6.495 6.114 11.337 6.948 7.078 10.054 6.186 7.752 13.594 8.912 8.519 11 12 13 332.417 5.334 288.967 51.770 226.588 1.572 7.464 1.573 346.182 5.956 300.818 52.089 239.153 1.891 6.187 1.498 373.816 6.446 325.716 54.416 262.846 2.682 4.346 1.426 392.450 6.979 340.791 57.667 273.857 4.524 3.403 1.340 403.564 7.401 349.057 60.354 279.077 5.260 3.097 1.269 420.644 7.733 360.848 63.338 288.120 5.401 2.826 1. 163 511.629 8.670 446.253 67.363 369.943 5.132 2.742 1.073 590.946 9.859 515.756 72.018 434.427 5.668 2.661 982 655.678 10.159 572.519 76.762 487.332 5.136 2.420 869 719.480 10.683 626.200 80.691 538.516 4.083 2.138 772 14 15 16 17 18 19 20 21 4.775 7.252 25.147 942 4.193 7.358 27.528 329 3.518 7.429 30.371 336 3.398 7.581 33.364 337 3.514 7.756 35.499 337 4.206 7.871 38.238 1.748 5.651 8.009 41.896 1.150 10.012 8.195 46.449 675 11.682 8.416 52.877 25 14.056 8.738 59.778 25 22 23 24 25 FEDERALLY SPONSORED CREDIT AGENCIES AND MORTGAGE POOLS SPONSORED CREDIT AGENCIES— 36.134 230 46.477 193 47.185 247 51.134 199 69.859 297 87.888 284 93.007 281 97.685 235 105.117 304 133.474 334 1 2 35.107 2.340 2.147 0 193 43.912 4.213 3.247 0 966 44.991 3.053 2.701 0 352 48.960 2.652 1.486 414 752 64.460 4.721 1.467 221 3.033 85.241 5.051 1.890 1.097 2.064 89.738 6.322 3.359 1.186 1.777 94.403 8.062 4. 847 1.153 2.062 100.704 4.649 1 .045 1.386 2.218 126.959 5.464 1.635 188 3.641 3 4 5 6 7 20.239 10.950 9.289 26.474 15.859 10.615 26.691 18.755 7.936 29.572 21.593 7.979 42.049 26.902 15.147 56.374 34.570 21.804 55.205 37.360 17.845 53.636 37.774 15.862 58.488 38.315 20.173 79.972 47.302 32.670 8 9 10 12.721 6.714 1.732 4.275 604 14.191 7.187 2.030 4.974 1.406 15.599 7.917 2.013 5.669 1.595 17.488 9.094 2.298 6.096 1.223 20.723 10.948 2.577 7. 198 2.069 25.880 13.457 3.575 8.848 299 29.988 16.014 3.979 9.995 1.211 34.767 18.524 4.931 11.312 985 39.785 21.466 5.560 12.759 1.891 45.164 24.697 6.250 14.217 2.540 11 12 13 14 15 35.193 30.645 30.645 0 45.519 38.879 38.879 0 46.132 40.021 40.021 0 49.935 43.542 43.542 0 68.399 59.837 59.837 0 85.960 77.134 76.439 695 90.808 80.340 78.781 1.559 95.155 83.278 82.106 1.172 102.232 88.197 88.197 0 130.069 111.266 111.266 0 16 17 18 19 4.548 1.041 2.426 1.081 6.640 2.330 2.732 1.578 6.111 1.789 2.849 1.473 6.393 1.548 3.107 1.738 8.562 1.745 3.672 3.145 8.826 2.393 4.431 2.002 10.468 2.662 4.799 3.007 11.877 3.866 5.317 2.694 14.035 4.146 6.093 3.796 18.803 6.206 7.358 5.239 20 21 22 23 24 TOTAL MORTGAGE HOLDINGS 25 HOME MORTGAGES 26 MULTIFAMILY MORTGAGES FARM MORTGAGES 27 3.204 1.813 35 1.356 4.755 3.028 60 1.667 9.526 7.306 114 2.106 14.404 11.568 392 2.444 18.040 14.760 616 2.664 23.799 20.112 785 2.902 34.138 30.029 1.263 2.846 49.801 44.524 1.910 3.367 70.289 63.518 3.089 3.682 88.633 79.349 4.966 4.318 24 25 26 27 28 TOTAL POOL SECURITIES 1 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY 2 3 4 5 6 7 8 9 10 11 12 13 14 15 CREDIT MARKET INSTRUMENTS LIQUID ASSETS U.S.GOVT. SECURITIES OPEN-MARKET PAPER FEDERAL FUNDS + RP'S HOUSING CREDIT RESIDENTIAL MORTGAGES FHLB LOANS TO S+L ASSOC. LOANS TO AGRICULTURE FARM MORTGAGES LOANS TO COOPS (BC) LOANS TO FARMERS (FICB) MISCELLANEOUS ASSETS 16 TOTAL LIABILITIES 17 CREDIT MARKET INSTRUMENTS 18 SPONS. AGENCY ISSUES (1) 19 U.S. GOVERNMENT LOANS 20 21 22 23 MISCELLANEOUS LIABILITIES DEPOSITS AT FHLB’S CAPITAL SUBSCRIPTIONS OTHER FEDERALLY SPONSORED MORTGAGE POOLS (1) 29 30 31 32 3.204 4.755 9.526 14.404 18.040 23.799 34.138 49*801 70.289 88.633 28 MEMO: TOTALS FOR AGENCIES AND POOLS— 38.311 CREDIT MARKET INSTRUMENTS LIQUID ASSETS 2.340 HOUSING CREDIT 22.087 LOANS TO AGRICULTURE 14.077 48.667 4.213 29.562 15.858 54.517 3.053 34.111 17.705 63.364 2.652 41.532 19.932 82.500 4.721 57.425 23.387 109.040 5.051 77.271 28.782 123.876 6.322 86.497 32.834 144.204 8.062 100.070 38.134 170.993 4.649 125.095 43.467 215.592 5.464 164.287 49.482 29 30 31 32 33.849 43.634 49.547 57.946 77.877 100.238 112.919 131.907 158.486 199.899 33 33 DEBT SECURITIES OUTSTANDING (1) GNMA, FHLMC, AND FARMERS HOME ADM. POOLS. MILLIONS OF DOLLARS OCTOBER 1979 BANKING SYSTEM BANKING SYSTEM SECTOR YEAR-END OUTSTANDINGS, 1949 111 STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES 1949-58 1950 YEAR-END OUTSTANDINGS, 1951 1952 1953 1954 1955 1956 1957 1958 1949-58 MONETARY AUTHORITIES 1 2 3 4 5 48.223 24.147 4.442 534 8 49.528 22.672 4.480 1.368 67 52.406 22.667 4.553 1.184 19 53.846 23.157 4.656 967 127 53.810 21.987 4.738 935 13 52.581 21.676 4.829 808 10 53.209 21.629 4.852 1.585 107 53.825 21.890 4.910 1.665 25 53.833 22.752 4.990 1.424 50 53.573 20.499 5.078 1.296 46 6 7 8 9 10 11 18.957 18.885 18.885 0 0 72 20.781 20.778 20.778 0 0 3 23.806 23.801 23.801 0 0 5 24.732 24.698 24.698 0 0 34 25.932 25.915 25.915 0 0 17 25.066 24.932 24.932 0 0 134 24.815 24.785 24.785 0 28 2 25.010 24.915 24.915 0 69 26 24.309 24.238 24.238 G 66 5 26.414 26.347 26.347 0 49 18 12 135 160 177 207 205 192 221 325 308 240 13 14 15 48.223 16.563 2.015 49.528 17.681 2.174 52.406 20.056 2.697 53.846 19.950 2.753 53.810 20.160 2.512 52.581 18.876 2.469 53.209 19.005 2.682 53.825 19.059 3.261 53.833 19.034 3.335 53.573 18.504 3.249 16 17 18 19 20 28.525 2. 133 807 25.585 1. 120 28.175 1.961 647 25.567 1.498 28.560 1.517 534 26.509 1.093 29.899 1.659 560 27.680 1.244 29.806 1.107 430 28.269 1.332 29.893 1.359 494 28.040 1.343 30.046 1.161 409 28.476 1.476 30.070 1.216 325 28.529 1.435 30.106 1.242 365 28.499 1.358 30.264 1.041 279 28.944 1.556 21 0 0 0 0 0 0 0 0 0 0 TOTAL FINANCIAL ASSETS GOLD + FOREIGN EXCHANGE TREASURY CURR. + SDR. CTFS. F.R. FLOAT F.R. LOANS TO DOMESTIC BANKS 1 2 3 4 5 CREDIT MARKET INSTRUMENTS 6 7 U.S. GOVERNMENT SECURITIES TREASURY ISSUES 8 AGENCY ISSUES 9 10 ACCEPTANCES BANK LOANS N.E.C. 11 MISCELLANEOUS ASSETS TOTAL LIABILITIES MEMBER BANK RESERVES VAULT CASH OF COML. BANKS DEMAND DEPOSITS + CURRENCY DUE TO U.S. GOVERNMENT DUE TO REST OF THE WORLD CURRENCY OUTSIDE BANKS MISCELLANEOUS LIABILITIES NET WORTH 12 13 14 15 16 17 18 19 20 21 COMMERCIAL BANKING <1J 1 2 3 4 5 6 141.371 142 121.497 69.652 67.591 2.061 149.551 137 128.249 64.517 62.648 1.869 159.036 174 134.591 63.985 62.178 1.807 168.381 170 143.928 66.144 64.034 2.110 172.606 173 148.089 67.725 64.124 3.601 182.155 167 158.464 73.299 69.748 3.551 187.445 174 163.607 65.198 62.316 2.882 193.446 195 168.128 61.743 59.344 2.399 199.086 223 173.080 61.420 59.010 2.410 214.223 240 188.559 70.174 67.189 2.985 7 8 6.606 2.495 8.203 2.660 9.299 2.453 10.308 2.340 10.965 2.393 12.728 2.303 12.924 2.120 13.067 1.606 14.081 1.724 16.671 1.677 9 10 11 12 13 14 42.743 11.645 7.739 20.171 499 2.689 52.868 13.663 9.736 25.822 686 2.961 58.853 14.732 10.049 30.336 1.025 2.711 65.134 15.867 12.255 32.373 1.276 3.363 67.003 16.850 14.012 31.113 1.165 3.863 70.129 18.574 14.274 31.280 1.147 4.854 83.359 21.004 17.190 38.750 878 5.537 91.706 22.719 18.861 44.316 929 4.881 95.846 23.337 20.232 46.150 1.206 4.921 100.027 25.523 20.711 46.642 1.749 5.402 15 1 1 1 2 3 5 6 6 9 16 17 18 2.015 16. 563 1. 154 2.174 17.681 1.310 2.697 20.056 1.518 2.753 19.950 1.580 2.512 20.160 1.672 2.469 18.876 2.179 2.682 19.005 1.977 3.261 19.059 2.803 19 20 21 22 131.465 90.329 3.071 87.258 139.082 95.924 2.806 93.118 148.021 102.743 3.359 99.384 156.791 107.902 4.941 102.961 160.445 108.025 4.146 103.879 169.107 112.538 4. 172 108.366 173.849 114.678 3.709 110.969 23 24 25 26 36.458 0 36.385 73 36.733 0 36.640 93 38.378 0 38.270 108 41.521 0 41.361 160 44.916 0 44.706 210 48.712 0 48.453 259 50.019 0 49.772 247 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY TOTAL BANK CREDIT U.S. GOVT. SECURITIES TREASURY ISSUES AGENCY ISSUES 1 2 3 4 5 6 ST.+LOC. OBLIGATIONS CORPORATE BONDS 7 8 TOTAL LOANS MORTGAGES CONSUMER CREDIT BANK LOANS N.E.C. OPEN-MARKET PAPER SECURITY CREDIT 9 10 11 12 13 14 10 CORPORATE EQUITIES 15 3.335 19.034 3.414 3.249 18.504 3.671 VAULT CASH MEMBER BANK RESERVES MISCELLANEOUS ASSETS 16 17 18 179.042 116.493 3.733 112.760 183.817 115.841 3.898 111.943 198.061 121.409 4.250 117.159 TOTAL LIABILITIES DEMAND DEPOSITS, NET U.S. GOVERNMENT OTHER 19 20 21 22 52.061 0 51.758 303 57.427 0 57.188 239 65.365 0 65.144 221 TIME DEPOSITS LARGE NEGOTIABLE CD'S OTHER AT COMMERCIAL BANKS AT FOREIGN BANKING OFF. 23 24 25 26 27 -82 -61 7 22 37 -20 -205 -210 -313 -252 FED FUNDS + SECURITY RP'S 27 28 29 30 31 2. 268 542 848 878 3.512 1.435 1.073 1.004 3.521 1.203 1.676 642 3.561 1.094 1.758 709 3.416 948 1.682 786 3.284 818 1.729 737 4.574 1.692 1.846 1.036 5.008 1.690 2.196 1.122 4.221 1.474 1.959 788 4.341 1.342 2.111 888 NET INTERBANK CLAIMS TO MONETARY AUTHORITIES TO FOREIGN BANKS TO OOMESTIC BANKS (2) 28 29 30 31 32 33 34 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CREDIT MARKET DEBT CORPORATE BONDS OPEN-MARKET PAPER 32 33 34 35 36 336 2. 156 453 2.521 615 2.757 793 2.992 967 3.084 941 3.652 565 4.218 871 4.819 952 5.689 929 6.269 PROFIT TAXES PAYABLE MISCELLANEOUS LIABILITIES 35 36 37 118.807 125.287 131.879 140.563 144.223 153.605 158.064 163.241 168.150 183.147 MILLIONS OF DOLLARS MEMO: CREDIT MKT. FUNDS ADV. (1) CONSISTS OF U.S.-CHARTERED COMMERCIAL BANKS, THEIR DOMESTIC AFFILIATES, EDGE ACT CORPORATIONS, AGENCIES AND BRANCHES OF FOREIGN BANKS, AND BANKS IN U.S. POSSESSIONS. EDGE ACT CORPORATIONS AND OFFICES OF FOREIGN BANKS APPEAR TOGETHER IN THESE TABLES AS "FOREIGN BANKING OFFICES." (2) FLOATS AND DISCREPANCIES IN INTERBANK DEPOSITS AND LOANS. 37 OCTOBER 1979 BANKING SYSTEM 112 BANKING SYSTEM SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES YEAR-END OUTSTANDINGS, 1959-68 YEAR-END OUTSTANDINGS, 1959 1960 1961 1962 1963 1964 1959-68 1965 1966 1967 1968 MONETARY AUTHORITIES 1 TOTAL FINANCIAL ASSETS GOLD + FOREIGN EXCHANGE 2 3 TREASURY CURR. + SDR. CTFS. 4 F.R. FLOAT 5 F.R. LOANS TO DOMESTIC BANKS 6 7 8 9 10 11 CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES TREASURY ISSUES AGENCY ISSUES ACCEPTANCES BANK LOANS N.E.C. 12 MISCELLANEOUS ASSETS 13 TOTAL LIABILITIES 14 MEMBER BANK RESERVES 15 VAULT CASH OF COML. BANKS 16 17 18 19 20 DEMAND DEPOSITS + CURRENCY DUE TO U.S. GOVERNMENT DUE TO REST OF THE WORLD CURRENCY OUTSIDE BANKS MISCELLANEOUS LIABILITIES 21 NET WORTH 53.683 19.394 5.155 1.590 453 52.584 17.666 5.242 1.868 25 53.981 16.842 5.429 2.300 115 55.704 16.011 5.411 2.903 37 57.805 15.614 5.422 2.600 31 61.176 15.638 5.249 2.606 156 63.523 14.313 5.419 2.248 96 67.980 13.977 6.161 2.510 173 72.763 13.526 6.628 2.483 141 76.736 12.370 6.795 3.482 188 1 2 3 4 5 26.728 26.648 26.648 0 75 5 27.466 27.384 27.384 0 74 8 28.947 28.881 28.881 0 51 15 30.931 30.820 30.820 0 110 1 33.787 33.593 33.593 0 162 32 37.168 37.044 37.044 0 94 30 40.996 40.768 40.768 0 187 41 44.509 44.316 44.282 34 193 0 49.314 49.150 49.112 38 164 0 52.995 52.937 52.937 0 58 0 6 7 8 9 10 11 363 317 348 411 351 359 451 650 671 906 12 53.683 18.174 3.012 52.584 17.081 3.346 53.981 17.387 3.689 55.704 17.454 4.519 57.805 17.049 4.259 61.176 17.850 4.532 63.523 18.447 4.851 67.980 19.794 5.450 72.763 21.092 5.931 76.736 21.859 7.195 13 14 15 30.826 895 353 29.578 1.671 30.612 862 226 29.524 1.545 31.412 887 294 30.231 1.493 32.090 977 292 30.821 1.641 34.890 1.241 216 33.433 1.607 36.942 1.586 269 35.087 1.852 38.834 1.428 201 37.205 1.391 41.210 1.592 405 39.213 1.526 44.099 2.467 396 41.236 1.641 45.642 1.398 477 43.767 2.040 16 17 18 19 20 0 0 0 0 0 0 0 0 0 0 21 COMMERCIAL BANKING (1) 1 TOTAL FINANCIAL ASSETS 2 DEMAND DEPOSITS + CURRENCY TOTAL BANK CREDIT 3 4 U.S. GOVT. SECURITIES 5 TREASURY ISSUES 6 AGENCY ISSUES 7 8 ST.+LOC. OBLIGATIONS CORPORATE BONDS 218.610 66 193.580 61.408 59.544 1.864 228.335 83 202.927 63.872 61.611 2.261 246.024 119 219.575 70.160 67.221 2.939 267.518 131 239.618 71.411 67.059 4.352 285.385 141 258.029 68.477 63.794 4.683 310.510 151 281.287 68.781 63.575 5.206 340.709 144 309.896 65.991 60.197 5.794 361.922 176 328.068 62.878 56.785 6.093 402.168 226 365.664 72.383 63.253 9.130 446.863 249 405.831 75.732 65.306 10.426 1 2 3 4 5 6 17.078 1.593 17.685 1.397 20.467 1.236 25.658 1.369 30.103 901 33.675 1.386 38.822 1.267 41.221 1.323 50.342 2.262 58.893 2.455 7 8 113.490 28.145 24.180 53.177 2.347 5.641 119.958 28.806 26.423 56.787 1.976 5.966 127.696 30.442 27.869 59.868 2.468 7.049 141.164 34.476 30.563 65.860 2.406 7.859 158.531 39.414 34.677 72.926 2.526 8.988 177.425 43.976 39.765 81.130 3.119 9.435 203.786 49.675 45.212 96.941 2.681 9.277 222.605 54.355 48.182 106.449 3.745 9.874 240.625 58.894 51.691 112.914 5.792 11.334 268.687 65.476 58.464 126.683 5.410 12.654 9 10 11 12 13 14 9 10 11 12 13 14 TOTAL LOANS MORTGAGES CONSUMER CREDIT BANK LOANS N.E.C. OPEN-MARKET PAPER SECURITY CREDIT 15 CORPORATE EQUITIES 11 15 16 16 17 20 30 41 52 64 15 16 17 18 VAULT CASH MEMBER BANK RESERVES MISCELLANEOUS ASSETS 3.012 18.174 3.778 3.346 17.081 4.898 3.689 17.387 5.254 4.519 17.454 5.796 4.259 17.049 5.907 4.532 17.850 6.690 4.851 18.447 7.371 5.450 19.794 8.434 5.931 21.092 9.255 7.195 21.859 11.729 16 17 18 19 TOTAL LIABILITIES 20 DEMAND DEPOSITS, NET 21 U.S. GOVERNMENT OTHER 22 201.687 122.838 5.050 117.788 210.187 124.870 5.945 118.925 226.678 129.975 5.946 124.029 247.064 134.511 7.158 127.353 264.947 136.674 6.548 130.126 288.264 143.364 6.510 136.854 317.196 148.651 5.525 143.126 337.203 150.441 4.992 145.449 375.764 162.546 5.234 157.312 418.678 175.831 5.010 170.821 19 20 21 22 67.120 0 66.873 247 72.881 1.095 71.499 287 82.272 3.223 78.719 330 97.832 6.200 91.297 335 112.187 9.879 101.911 397 126.631 12.585 113.623 423 146.617 16.251 129.868 498 159.834 15.659 143.639 536 183.748 20.330 162.771 647 204.469 23.468 180.200 801 23 24 25 26 23 24 25 26 TIME DEPOSITS LARGE NEGOTIABLE CD’S OTHER AT COMMERCIAL BANKS AT FOREIGN BANKING OFF. 27 FED FUNDS + SECURITY RP'S -28 -262 14 63 26 540 1.749 1.674 1 .659 2.586 27 28 29 30 31 NET INTERBANK CLAIMS TO MONETARY AUTHORITIES TO FOREIGN BANKS TO DOMESTIC BANKS (2) 5.387 2.043 2.132 1.212 6. 141 1.893 2.960 1.288 7.479 2.415 3.087 1.977 7.223 2.940 2.981 1.302 7.113 2.631 3.233 1.249 7.133 2.762 3.717 654 7.249 2.344 3.830 1.075 11.277 2.683 6.693 1.901 11.817 2.624 7.259 1.934 15.605 3.670 9.404 2.531 28 29 30 31 32 33 34 CREDIT MARKET DEBT CORPORATE BONDS OPEN-MARKET PAPER 0 0 0 0 0 0 0 0 0 0 0 0 233 233 0 773 773 0 1.590 1.590 0 1.694 1.694 0 1 .963 1.963 0 2.221 2.221 0 32 33 34 35 36 PROFIT TAXES PAYABLE MISCELLANEOUS LIABILITIES 469 5.901 1.468 5.089 577 6.361 1.072 6.363 621 8.093 834 8.989 702 10.638 671 11.612 590 13.441 539 17.427 35 36 187.928 196.946 212.510 231.743 249.024 271.832 300.589 318.153 354.278 393.113 37 37 MEMO: CREDIT MKT. (1) FUNDS ADV. CONSISTS OF U.S.-CHARTERED COMMERCIAL BANKS, THEIR DOMESTIC AFFILIATES, EDGE ACT CORPORATIONS, AGENCIES AND BRANCHES OF FOREIGN BANKS, AND BANKS IN U.S. POSSESSIONS. EDGE ACT CORPORATIONS AND OFFICES OF FOREIGN BANKS APPEAR TOGETHER IN THESE TABLES AS "FOREIGN BANKING OFFICES." (2) FLOATS AND DISCREPANCIES IN INTERBANK DEPOSITS AND LOANS. MILLIONS OF DOLLARS OCTOBER 1979 BANKING SYSTEM BANKING SYSTEM 113 SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES YEAR-END OUTSTANDINGS, YEAR-END OUTSTANDINGS, 1969-78 1970 1969 1971 1972 1973 1974 1975 1976 1977 1978 1969-78 MONETARY AUTHORITIES 1 2 3 4 5 80.738 12.273 6.848 3.440 183 86.124 10.914 7.549 4.261 335 94.598 10.073 8.027 4.343 39 97.596 10.524 8.713 3.974 1.981 106.889 11.491 9.116 3.099 1.258 113.430 11.571 9.653 2.001 299 124.648 11.655 10.612 3.688 229 134.471 11.743 12.010 2.601 25 143.022 11.714 12.581 3.810 265 156.213 13.248 13.146 6.516 1.172 6 7 8 9 10 11 57.218 57.154 57.154 0 64 0 62.199 62.142 62.142 0 57 0 71.065 70.804 70.218 586 261 0 71.336 71.230 69.906 1.324 106 0 80.563 80.495 78.516 1.979 68 0 86.713 85.714 80.501 5.213 999 0 95.250 94.124 87.934 6.190 1.126 0 105.084 104.093 97.021 7.072 991 0 112.228 111.274 102.819 8.455 954 0 119.178 118.591 110.562 8.029 587 0 12 776 866 1.051 1.068 1.362 3.193 3.214 3.008 2.424 2.953 13 14 15 80.738 22.085 7.320 86.124 24.150 7.047 94.598 27.788 7.541 97.596 25.647 8.648 106.889 27.060 10.688 113.430 25.843 11.640 124.648 26.052 12.252 134.471 25.158 12.121 143.022 26.870 13.922 156.213 31.223 15.470 16 17 18 19 20 48.911 1.969 377 46.565 2.422 51.979 1.587 346 50.046 2.948 56.387 2.484 465 53.438 2.882 60.437 2.200 369 57.868 2.864 64.968 2.859 3 00 61.809 4.173 71.924 3.298 523 68.103 4.023 82.547 7.768 484 74.295 3.797 93.096 10.853 647 81.596 4.096 98.013 7.506 618 89.889 4.217 104.285 4.436 674 99.175 5.235 21 0 0 0 0 0 0 0 0 0 0 TOTAL FINANCIAL ASSETS GOLD + FOREIGN EXCHANGE TREASURY CURR. + SDR. CTFS. F.R. FLOAT F.R. LOANS TO DOMESTIC BANKS 1 2 3 4 5 CREDIT MARKET INSTRUMENTS 6 7 U.S. GOVERNMENT SECURITIES TREASURY ISSUES 8 AGENCY ISSUES 9 ACCEPTANCES 10 BANK LOANS N.E.C. 11 MISCELLANEOUS ASSETS TOTAL LIABILITIES MEMBER BANK RESERVES VAULT CASH OF COML. BANKS DEMAND DEPOSITS + CURRENCY DUE TO U.S. GOVERNMENT DUE TO REST OF THE WORLD CURRENCY OUTSIDE BANKS MISCELLANEOUS LIABILITIES NET WORTH 12 13 14 15 16 17 18 19 20 21 COMMERCIAL BANKING (1) 1 2 3 4 5 6 465.727 284 423.384 65.684 55.598 10.086 504.873 387 460.503 76.443 62.516 13.927 561.711 514 511.677 83.567 65.631 17.936 637.794 683 586.956 90.048 68.068 21.980 724.436 969 668.224 88.754 59.196 29.558 794.880 787 732.832 89.467 56.275 33.192 825.911 899 764.293 119.470 84.901 34.569 890.716 744 830.580 139.648 103.610 36.038 988.692 1129.888 1.252 1.528 920.466 1046.119 139.006 138.502 95.164 101.692 36.810 43.842 7 8 59.536 1.924 70.204 2.982 82.811 3.922 89.960 5.235 95.656 5.575 101.148 6.596 102.927 8.400 105.976 7.754 115.155 7.714 9 10 11 12 13 14 296.168 70.517 63.395 144.020 6.691 11. 545 310.785 72.755 65.625 151.246 8.173 12.986 341.292 82.515 74.325 162.232 8.459 13.761 401.605 99.314 87.001 188.464 8.255 18.571 478.082 119.068 99.620 237.256 6.987 15.151 535.452 132.105 102.989 278.188 9.207 12.963 533.317 136.186 106.055 265.742 10.305 15.029 576.988 151.326 118.043 271.967 13.996 21.656 15 72 89 85 108 157 169 179 16 17 18 7.320 22.085 12.654 7.047 24.150 12.786 7.541 27.788 14.191 8.648 25.647 15.860 10.688 27.060 17.495 11.640 25.843 23.778 19 20 21 22 436.218 180.465 5.054 175.411 473.612 189.771 7.938 181.833 528.174 202.897 10.169 192.728 601.222 222.750 10.870 211.880 683.753 235.627 9.862 225.765 23 24 25 26 195.125 10.919 183.174 1.032 233.090 26.074 205.608 1.408 274.453 34.759 238.026 1.668 316.963 44.519 270.029 2.415 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY TOTAL BANK CREDIT U.S. GOVT. SECURITIES TREASURY ISSUES AGENCY ISSUES 1 2 3 4 5 6 126.205 7.417 ST.+LOC. OBLIGATIONS CORPORATE BONDS 7 8 658.850 178.979 140.302 301.418 14.259 23.892 773.373 213.963 167.244 358.169 12.972 21.025 TOTAL LOANS MORTGAGES CONSUMER CREDIT BANK LOANS N.E.C. OPEN-MARKET PAPER SECURITY CREDIT 9 10 11 12 13 14 214 245 118 CORPORATE EQUITIES 15 12.252 26.052 22.415 12.121 25.158 22.113 13.922 26.870 26.182 15.470 31.223 35.548 VAULT CASH MEMBER BANK RESERVES MISCELLANEOUS ASSETS 16 17 18 750.790 235.277 4.804 230.473 778.958 240.303 3.112 237.191 837.731 252.915 3.023 249.892 930.411 1065.025 278.966 301.029 14.075 7.315 286.954 271.651 TOTAL LIABILITIES DEMAND DEPOSITS, NET U.S. GOVERNMENT OTHER 19 20 21 22 367.654 64.531 299.747 3.376 425.249 93.046 327.703 4.500 455.535 82.898 364.753 7.884 495.830 65.393 422.171 8.266 550.525 77.382 462.661 10.482 615.567 99.960 498.704 16.903 TIME DEPOSITS LARGE NEGOTIABLE CD'S OTHER AT COMMERCIAL BANKS AT FOREIGN BANKING OFF. 23 24 25 26 27 8. 122 3.968 7.675 10.237 26.901 28.473 29.926 43.816 54.377 73.146 FED FUNDS + SECURITY RP'S 27 28 29 30 31 22.877 3.623 16.844 2.410 18.108 4.596 10.456 3.056 12.235 4.382 5.846 2.007 10.174 5.955 6.787 -2.568 6.363 4.357 4.097 -2.091 6.689 2.300 3.862 527 -3.063 3.917 -5.997 -983 -11.240 2.626 -11.847 -2.019 -18.175 4.075 -12.667 -9.583 -8.551 7.688 -7.244 -8.995 NET INTERBANK CLAIMS TO MONETARY AUTHORITIES TO FOREIGN BANKS TO DOMESTIC BANKS (2) 28 29 30 31 32 33 34 6.331 2. 037 4.294 4.484 2.135 2.349 4.963 2.990 1.973 6.764 4.127 2.637 9.016 4.135 4.881 12.622 4.290 8.332 13.133 4.479 8.654 13.020 5.161 7.859 14.850 5.715 9.135 21.727 5.892 15.835 CREDIT MARKET DEBT CORPORATE BONDS OPEN-MARKET PAPER 32 33 34 35 36 617 22.681 957 23.234 930 25.021 73 0 33.604 815 37.377 940 41.540 615 42.509 615 42.775 615 49.253 915 61.192 PROFIT TAXES PAYABLE MISCELLANEOUS LIABILITIES 35 36 37 411.767 447.428 497.831 568.277 652.916 719.700 749.085 808.710 896.329 1024.976 MEMO: CREDIT MKT. FUNDS ADV. (1) CONSISTS OF U.S.-CHARTERED COMMERCIAL BANKS, THEIR DOMESTIC AFFILIATES, EDGE ACT CORPORATIONS, AGENCIES AND BRANCHES OF FOREIGN BANKS, AND BANKS IN U.S. POSSESSIONS. EDGE ACT CORPORATIONS AND OFFICES OF FOREIGN BANKS APPEAR TOGETHER IN THESE TABLES AS "FOREIGN BANKING OFFICES." (2) MILLIONS OF DOLLARS FLOATS AND DISCREPANCIES IN INTERBANK DEPOSITS AND LOANS. 37 OCTOBER 1979 COMMERCIAL BANKING SUBSECTORS 114 COMMERCIAL BANKING SUBSECTORS ASSETS AND LIABILITIES OF COMPONENT GROUPS OF COMMERCIAL BANKING YEAR-END OUTSTANDINGS, 1949-58 YEAR-END OUTSTANDINGS, 1949 1950 1951 1953 1952 1955 1954 1949-58 1956 1957 1958 U.S.-CHARTERED COMMERCIAL BANKS 1 TOTAL FINANCIAL ASSETS TOTAL BANK CREDIT 2 U.S. GOVT. SECURITIES 3 TREASURY ISSUES 4 5 AGENCY ISSUES 6 7 8 9 10 11 12 13 14 15 ST.+LOC. OBLIGATIONS CORPORATE BONDS TOTAL LOANS MORTGAGES CONSUMER CREDIT BANK LOANS N.E.C. OPEN-MARKET PAPER SECURITY CREDIT VAULT CASH + MEM. BK. RES. MISCELLANEOUS ASSETS 16 TOTAL LIABILITIES 17 DEMAND DEPOSITS, NET 18 U.S. GOVERNMENT 19 OTHER 139.758 120.200 69.066 67.005 2.061 147.663 126.736 63.896 62.027 1.869 156.787 132.787 63.331 61.524 1.807 165.848 141.877 65.428 63.318 2.110 169.979 145.945 67.027 63.426 3.601 179.207 156.129 72.532 68.981 3.551 184.415 161.114 64.474 61.592 2.882 189.923 165.558 60.951 58.552 2.399 195.381 170.564 60.649 58.239 2.410 210.143 185.855 69.361 66.376 2.985 1 2 3 4 5 6.548 2.411 8.117 2.570 9.193 2.347 10.189 2.217 10.821 2.234 12.586 2.159 12.698 1.846 12.901 1.429 13.915 1.566 16.505 1.523 6 7 42.175 11.552 7.739 19.802 443 2.639 52.153 13.549 9.736 25.387 620 2.861 57.916 14.590 10.049 29.775 941 2.561 64.043 15.720 12.255 31.726 1.179 3.163 65.863 16.699 14.012 30.514 1.075 3.563 68.852 18.421 14.274 30.651 1.052 4.454 82.096 20.813 17.190 38.253 803 5.037 90.277 22.510 18.861 43.777 848 4.281 94.434 23.108 20.232 45.730 1.143 4.221 98.466 25.251 20.711 46.166 1.677 4.661 8 9 10 11 12 13 18.578 980 19.855 1.072 22.753 1.247 22.703 1.268 22.672 1.362 21.345 1.733 21.687 1.614 22.320 2.045 22.369 2.448 21.753 2.535 14 15 129.852 90.165 3.071 87.094 137.194 95.691 2.806 92.885 145.772 102.435 3.359 99.076 154.258 107.542 4.941 102.601 157.818 107.644 4.146 103.498 166.159 112.081 4.172 107.909 170.819 114.202 3.709 110.493 175.519 115.934 3.733 112.201 180.112 115.203 3.898 111.305 193.981 120.791 4.250 116.541 16 17 18 19 36.385 0 36.385 36.640 0 36.640 38.270 0 38.270 41.361 0 41.361 44.706 0 44.706 48.453 0 48.453 49.772 0 49.772 51.758 0 51.758 57.188 0 57.188 65.144 0 65.144 20 21 22 20 21 22 TIME DEPOSITS LARGE NEGOTIABLE CD'S OTHER 23 FED FUNDS + SECURITY RP'S -82 -61 7 22 37 -20 -2 05 -210 -313 -252 23 24 25 26 27 28 NET INTERBANK LIABILITIES F.R. FLOAT BORROWING AT F.R. BANKS TO FOREIGN BANKS TO DOMESTIC BANKS 1.710 534 8 243 925 2.815 1.368 67 319 1.061 2.586 1.184 19 662 721 2.494 967 127 585 815 2.353 935 13 504 901 2.069 808 10 383 868 3.315 1.585 107 451 1.172 3.522 1.665 25 550 1.282 2.665 1.424 50 252 939 2.561 1.296 46 172 1.047 24 25 26 27 28 29 30 CORPORATE BONDS PROFIT TAXES PAYABLE 0 336 0 453 0 615 0 793 0 967 0 941 0 565 0 871 0 952 0 929 29 30 31 MISCELLANEOUS LIABILITIES 32 MEMO: CREDIT MKT. FUNDS ADV. 1.338 1.656 1.859 2.046 2.111 2.635 3.170 3.644 4.417 4.808 31 117.561 123.875 130.226 138.714 142.382 151.675 156.077 161.277 166.343 181.194 32 DOMESTIC AFFILIATES OF COMMERCIAL BANKS 1 TOTAL FINANCIAL ASSETS BANK LCANS N.E.C. 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 3 TOTAL LIABILITIES NET INTERBANK CLAIMS 4 5 COMMERCIAL PAPER ISSUES 6 MISCELLANEOUS LIABILITIES 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3 4 5 6 FOREIGN BANKING OFFICES 1 TOTAL FINANCIAL ASSETS 2 CREDIT MARKET INSTRUMENTS 3 U.S. GOVERNMENT SECURITIES STATE + LOCAL OBLIGATIONS 4 CORPORATE BONDS 5 6 BANK LOANS N.E.C. 7 OPEN-MARKET PAPER 8 9 10 CORPORATE EQUITIES SECURITY CREDIT MISCELLANEOUS ASSETS 11 TOTAL LIABILITIES DEMAND DEP. IN MONEY STOCK 12 13 TIME DEPOSITS 838 784 265 37 57 369 56 1.066 942 327 45 69 435 66 1.403 1.199 402 60 92 561 84 1.656 1.369 445 71 109 647 97 1.748 1.357 435 92 141 599 90 2.030 1.427 490 84 129 629 95 2.074 1.460 465 167 256 497 75 2.484 1.394 518 101 155 539 81 2.528 1.205 487 93 142 420 63 2.784 1.273 510 85 130 476 72 1 2 3 4 5 6 7 1 50 3 1 100 23 1 150 53 2 200 85 3 300 88 5 400 198 6 500 108 6 600 484 9 700 614 10 741 760 8 9 10 83 8 164 73 1.066 233 93 1.403 308 108 1.656 360 160 1.748 381 210 2.030 457 259 2.074 476 247 2.484 559 303 2.528 638 239 2.784 618 221 11 12 13 1.063 1.178 -115 1.215 1.346 -131 1.259 1.395 -136 1.486 1.646 -160 1.556 1.707 -151 1.780 1.939 -159 14 15 16 99 92 136 95 165 17 14 15 16 NET INTERBANK LIABILITIES TO FOREIGN BANKS TO DOMESTIC BANKS 558 605 -47 697 754 -57 935 1.014 -79 1.067 1.173 -106 17 MISCELLANEOUS LIABILITIES 43 43 52 69 BANKS 1 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY 2 CREDIT MARKET INSTRUMENTS 3 4 U.S. GOVERNMENT SECURITIES 5 STATE + LOCAL OBLIGATIONS 6 CORPORATE BONDS 7 HOME MORTGAGES 8 COMMERCIAL MORTGAGES 9 MISCELLANEOUS ASSETS 10 TOTAL DEPOSIT LIABILITIES MILLIONS OF DOLLARS IN U.S. 94 IN U.S. POSSESSIONS 775 142 462 321 21 27 69 24 171 822 137 470 294 41 21 91 23 215 846 174 454 252 46 14 116 26 218 877 170 480 271 48 14 117 30 227 879 173 484 263 52 18 119 32 222 918 167 503 277 58 15 120 33 248 956 174 527 259 59 18 144 47 255 1.039 195 570 274 65 22 155 54 274 1.177 223 602 284 73 16 157 72 352 1.296 240 680 303 81 24 185 87 376 1 2 3 4 5 6 7 8 9 775 822 846 877 879 918 956 1.039 1.177 1.296 10 OCTOBER 1979 COMMERCIAL BANKING SUBSECTORS COMMERCIAL BANKING SUBSECTORS ASSETS AND LIABILITIES OF COMPONENT GROUPS OF COMMERCIAL BANKING YEAR-END OUTSTANDINGS, 1959 1959-68 1960 1961 1962 1963 1964 1965 1966 1967 1968 YEAR-END OUTSTANDINGS, 1959-68 TOTAL FINANCIAL ASSETS TOTAL BANK CREDIT U.S. GOVT. SECURITIES TREASURY ISSUES AGENCY ISSUES 1 2 3 4 5 U.S.-CHARTERED COMMERCIAL BANKS 1 2 3 4 5 215.091 191.202 60.801 58.937 1.864 224.245 200.354 63.264 61.003 2.261 241.623 216.526 69.517 66.578 2.939 262.851 236.499 70.786 66.434 4.352 280.340 254.665 67.923 63.240 4.683 304.864 277.787 68.197 62.991 5.206 334.957 306.335 65.341 59.547 5.794 355.194 323.877 62.256 56.163 6.093 394.995 360.764 71.603 62.473 9.130 438.481 400.481 74.892 64.466 10.426 6 7 16.958 1.444 17.569 1.263 20.345 1.103 25.460 1.118 29.972 775 33.534 1.263 38.655 1.115 41.004 1.130 50.006 1.868 58.573 2.128 8 9 10 11 12 13 111.999 28.059 24.180 52.627 2.265 4.868 118.258 28.712 26.423 56.129 1.877 5.117 125.561 30.321 27.869 58.864 2.317 6.190 139.135 34.287 30.563 64.877 2.258 7.150 155.995 39.183 34.677 71.868 2.367 7.900 174.793 43.675 39.765 80.017 2.952 8.384 201.224 49.301 45.212 95.724 2.498 8.489 219.487 53.922 48.182 104.854 3.505 9.024 237.287 58.400 51.691 111.181 5.531 10.484 264.888 64.959 58.464 124.569 5.092 11.804 14 15 21.186 2.703 20.427 3.464 21.076 4.021 21.973 4.379 21.308 4.367 22.382 4.695 23.298 5.324 25.244 6.073 27.023 7.208 29.054 8.946 16 17 18 19 198.168 121.810 5.050 116.760 206.097 123.722 5.945 117.777 222.277 128.746 5.946 122.800 242.397 133.317 7.158 126.159 259.902 135.577 6.548 129.029 282.618 141.532 6.510 135.022 311.444 146.990 5.525 141.465 330.475 148.597 4.992 143.605 368.591 160.572 5.234 155.338 410.296 172.726 5.010 167.716 20 21 22 66.873 0 66.873 72.594 1.095 71.499 81.942 3.223 78.719 97.497 6.200 91.297 111.790 9.879 101.911 126.208 12.585 113.623 146.119, 16.251 129.868 159.298 15.659 143.639 183.101 20.330 162.771 203.668 23.468 180.200 ST.+LOC. OBLIGATIONS CORPORATE BONDS TOTAL LOANS MORTGAGES CONSUMER CREDIT BANK LOANS N.E.C. OPEN-MARKET PAPER SECURITY CREDIT VAULT CASH + MEM. BK. RES. MISCELLANEOUS ASSETS TOTAL LIABILITIES DEMAND DEPOSITS, NET U.S. GOVERNMENT OTHER 6 7 8 9 10 11 12 13 14 15 16 17 18 19 TIME DEPOSITS LARGE NEGOTIABLE CD'S OTHER 20 21 22 23 -28 -262 14 63 26 540 1.749 1.674 1.659 2.586 FED FUNDS + SECURITY RP'S 23 24 25 26 27 28 3. 844 1.590 453 411 1. 390 4.261 1.868 25 804 1.564 5.456 2.300 115 779 2.262 5.080 2.903 37 609 1.531 4.812 2.600 31 660 1.521 4.706 2.606 156 777 1.167 5.017 2.248 96 1.101 1.572 8.707 2.510 173 3.757 2.267 9.482 2.483 141 3.913 2.945 13.188 3.482 188 5.702 3.816 NET INTERBANK LIABILITIES F.R. FLOAT BORROWING AT F.R. BANKS TO FOREIGN BANKS TO DOMESTIC BANKS 24 25 26 27 28 29 30 0 469 0 1.468 0 577 0 1.072 233 621 773 834 1.590 702 1.694 671 1.963 590 2.221 539 CORPORATE BONDS PROFIT TAXES PAYABLE 29 30 31 5. 200 4.314 5.542 5.368 6.843 8.025 9.277 9.834 11.224 15.368 MISCELLANEOUS LIABILITIES 31 32 186.334 195.237 210.336 229.349 246.765 269.403 2 97.846 314.853 350.280 388.677 MEMO: CREDIT MKT. FUNDS ADV. 32 DOMESTIC AFFILIATES OF COMMERCIAL BANKS 1 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 TOTAL FINANCIAL ASSETS BANK LOANS N.E.C. 1 2 3 4 5 6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 TOTAL LIABILITIES NET INTERBANK CLAIMS COMMERCIAL PAPER ISSUES MISCELLANEOUS LIABILITIES 3 4 5 6 TOTAL FINANCIAL ASSETS CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES STATE + LOCAL OBLIGATIONS CORPORATE BONDS BANK LOANS N.E.C. OPEN-MARKET PAPER 1 2 3 4 5 6 7 FOREIGN BANKING OFFICES IN U.S. 1 2 3 4 5 6 7 2. 908 1.373 526 85 130 550 82 3.402 1.461 507 78 119 658 99 3.586 1.896 536 81 124 1.004 151 3.729 2.037 506 158 242 983 148 3.935 1.793 399 70 107 1.058 159 4.389 1.924 442 80 122 1.113 167 4.408 2.147 509 94 144 1 .217 183 5.108 2.572 459 110 168 1.595 240 5.259 3.122 576 218 334 1.733 261 6.216 3.475 620 167 256 2.114 318 8 9 10 11 773 751 15 849 1.077 16 859 815 16 709 967 17 1.088 1.037 20 1.051 1.394 30 788 1.443 41 850 1.645 52 850 1.235 64 850 1.827 11 12 13 2.908 1.028 247 3.402 1.148 287 3.586 1.229 330 3.729 1.194 335 3.935 1.097 397 4.389 1.832 423 4.408 1.661 498 5.108 1.844 536 5.259 1.974 64 7 6.216 3.105 801 14 15 16 1.543 1. 721 -178 1.880 2. 156 -276 2.023 2.308 -285 2.143 2.372 -229 2.301 2.573 -272 2.427 2.940 -513 2.232 2.729 -497 2.570 2.936 -366 2.335 3.346 -1.011 2.417 3.702 -1.285 NET INTERBANK LIABILITIES TO FOREIGN BANKS TO DOMESTIC BANKS 14 15 16 17 90 87 4 57 140 -293 17 158 303 -107 MISCELLANEOUS LIABILITIES 17 BANKS IN U. S. CORPORATE EQUITIES SECURITY CREDIT MISCELLANEOUS ASSETS TOTAL LIABILITIES DEMAND DEP. IN MONEY STOCK TIME DEPOSITS 611 66 221 81 35 19 65 21 324 688 83 248 101 38 15 70 24 357 815 119 278 107 41 9 88 33 418 938 131 357 119 40 9 135 54 450 r.no 141 466 155 61 19 171 60 503 1.257 151 505 142 61 1 217 84 601 1.344 144 596 141 73 8 286 88 604 1.620 176 728 163 107 25 319 114 716 1.914 226 876 204 118 60 382 112 812 2.166 249 961 220 153 71 417 100 956 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES STATE + LOCAL OBLIGATIONS CORPORATE BONDS HOME MORTGAGES COMMERCIAL MORTGAGES MISCELLANEOUS ASSETS 10 611 688 815 93 8 1.110 1.257 1.344 1.620 1.914 2.166 TOTAL DEPOSIT LIABILITIES 11 12 13 POSSESSIONS 1 2 3 4 5 6 7 8 9 MILLIONS OF DOLLARS 8 9 10 1 2 3 4 5 6 7 8 9 10 OCTOBER 1979 COMMERCIAL BANKING SUBSECTORS 116 YEAR-END OUTSTANDINGS, COMMERCIAL BANKING SUBSECTORS ASSETS AND LIABILITIES OF COMPONENT GROUPS OF COMMERCIAL BANKING 1969-78 YEAR-END OUTSTANDINGS, 1969 1970 1971 1972 1973 1975 1974 1976 1977 1969-78 1978 U.S.-CHARTERED COMMERCIAL BANKS 1 TOTAL FINANCIAL ASSETS TOTAL BANK CREDIT 2 U.S. GOVT. SECURITIES 3 4 TREASURY ISSUES AGENCY ISSUES 5 6 7 8 9 10 11 12 13 14 15 ST.+LOC. OBLIGATIONS CORPORATE BONDS TOTAL LOANS MORTGAGES CONSUMER CREDIT BANK LOANS N.E.C. OPEN-MARKET PAPER SECURITY CREDIT VAULT CASH + MEM. BK. RES. MISCELLANEOUS ASSETS 16 TOTAL LIABILITIES DEMAND DEPOSITS, NET 17 U.S. GOVERNMENT 18 19 OTHER 20 21 22 TIME DEPOSITS LARGE NEGOTIABLE CD'S OTHER 451.389 412.410 64.795 54.709 10.086 488.867 447.197 75.669 61.742 13.927 544.639 498.320 82.866 64.930 17.936 615.754 569.921 88.654 66.945 21.709 695.782 645.507 87.273 58.177 29.096 757.079 701.949 88.016 55.426 32.590 785.974 732.528 118.112 83.874 34.238 845.428 793.631 137.667 101.954 35.713 936.256 1056.030 984.010 877.198 136.518 136.400 93.085 99.801 43.433 36.599 1 2 3 4 5 59.183 1.591 69.637 2.372 82.420 3.606 89.529 4.838 95.139 5.211 100.369 6.218 102.003 7.983 104.606 7.342 113.819 7.038 124.682 6.417 6 7 286.841 69.832 63.395 136.731 6.188 10.695 299.519 71.972 65.625 142.486 7.300 12.136 329.428 81.600 74.325 153.077 7.515 12.911 386.900 98.390 87.001 177.048 7.052 17.409 457.884 118.032 99.620 220.127 5.546 14.559 507.346 130.593 102.989 254.206 7.113 12.445 504.430 134.498 106.055 241.057 8.221 14.599 544.016 149.599 118.043 244.133 11.454 20.787 619.941 177.172 140.302 268.263 11.640 22.564 716.393 212.344 167.244 307.838 9.384 19.583 8 9 10 11 12 13 29.405 9.574 31.197 10.473 35.329 10.990 34.295 11.538 37.748 12.527 37.483 17.647 38.304 15.142 37.279 14.518 40.792 18.266 46.693 25.327 14 15 421.880 177.372 5.054 172.318 457.606 182.498 7.938 174.560 511.102 195.471 10.169 185.302 579.182 218.506 10.870 207.636 655.099 231.119 9.862 221.257 712.989 229.615 4.804 224.811 739.021 234.065 3.112 230.953 792.443 244.310 3.023 241.287 877.975 267.342 7.315 260.027 991.167 286.946 14.075 272.871 16 17 18 19 194.093 10.919 183.174 231.682 26.074 205.608 272.785 34.759 238.026 314.548 44.519 270.029 364.278 64.531 299.747 420.749 93.046 327.703 447.651 82.898 364.753 487.564 65.393 422.171 540.043 77.382 462.661 598.664 99.960 498.704 20 21 22 23 FED FUNDS + SECURITY RP'S 8.122 3.968 7.675 10.237 26.901 28.473 29.926 43.816 54.377 73.146 23 24 25 26 27 28 NET INTERBANK LIABILITIES F.R. FLOAT BORROWING AT F.R. BANKS TO FOREIGN BANKS TO DOMESTIC BANKS 20.484 3.440 183 12.166 4.695 16.714 4.261 335 6.073 6.045 9.977 4.343 39 1.017 4.578 5.471 3.974 1.981 469 -953 -1.011 3.099 1.258 -442 -4.926 -5.483 2.001 299 -2.677 -5.106 -12.223 3.688 229 -11.091 -5.049 —22.580 2.601 25 -19.976 -5.230 -29.285 3.810 265 -21.670 -11.690 -25.788 6.516 1.172 -19.602 -13.874 24 25 26 27 28 29 30 CORPORATE BONDS PROFIT TAXES PAYABLE 2.037 617 2.135 957 2.990 930 4.127 73 0 4.135 815 4.290 940 4.479 615 5.161 615 5.715 615 5.892 915 29 30 31 MISCELLANEOUS LIABILITIES 19.155 19.652 21.274 25.563 28.862 34.405 34.508 33.557 39.168 51.392 31 401.715 435.061 485.409 552.512 630.948 689.504 717.929 772.844 854.634 964.427 32 32 MEMO: CREDIT MKT. FUNDS ADV. DOMESTIC AFFILIATES OF COMMERCIAL BANKS 1 TOTAL FINANCIAL ASSETS BANK LOANS N.E.C. 2 3.946 3.946 2.954 2.954 2.840 2.840 2.598 2.598 4.300 4.300 4.901 4.901 4.375 4.375 4.073 4.073 4.650 4.650 3.697 3.697 1 2 3 TOTAL LIABILITIES NET INTERBANK CLAIMS 4 5 COMMERCIAL PAPER ISSUES 6 MISCELLANEOUS LIABILITIES 3.946 -585 4.294 237 2.954 -682 2.349 1.287 2.840 -991 1.973 1.858 2.598 -599 2.637 560 4.300 -189 4.881 -392 4.901 -4 8.332 -3.427 4.375 -4 8.654 -4.275 4.073 -4 7.859 -3.782 4.650 -4 9.135 -4.481 3.697 -4.500 15.835 -7.638 3 4 5 6 FOREIGN BANKING iOFFICES IN U.S. 1 TOTAL FINANCIAL ASSETS CREDIT MARKET INSTRUMENTS 2 3 U.S. GOVERNMENT SECURITIES 4 STATE + LOCAL OBLIGATIONS 5 CORPORATE BONDS 6 BANK LOANS N.E.C. OPEN-MARKET PAPER 7 8 9 10 CORPORATE EQUITIES SECURITY CREDIT MISCELLANEOUS ASSETS 11 TOTAL LIABILITIES DEMAND DEP. IN MONEY STOCK 12 13 TIME DEPOSITS 7.111 4.915 641 169 259 3.343 503 9.277 8.087 497 360 551 5.806 873 9.948 7.945 263 167 256 6.315 944 14.692 11.243 751 138 333 8.818 1.203 19.131 15.635 911 164 290 12.829 1.441 27.610 22.797 1.105 214 303 19.081 2.094 29.212 23.918 941 247 336 20.310 2.084 34.486 28.301 1.487 249 262 23.761 2.542 40.224 33.240 1.400 297 419 28.505 2.619 61.978 52.806 1.859 164 561 46.634 3.588 1 2 3 4 5 6 7 72 850 1.274 89 850 251 85 850 1.068 108 1.162 2.179 157 592 2.747 169 518 4.126 179 43 0 4.685 214 869 5.102 245 1.328 5.411 118 1.442 7.612 8 9 10 7.111 3.093 1.032 9.277 7.273 1.408 9.948 7.426 1.668 14.692 4.244 2.415 19.131 4.508 3.376 27.610 5.662 4.500 29.212 6.238 7.884 34.486 8.605 8.266 40.224 11.624 10.482 61.978 14.083 16.903 11 12 13 12.176 6.539 5.637 9.164 5.094 4.070 11.344 8.129 3.215 11.114 9.003 2.111 21.737 12.358 9.379 14 15 16 5.272 5.926 6.271 7.004 9.255 17 14 15 16 NET INTERBANK LIABILITIES TO FOREIGN BANKS TO DOMESTIC BANKS 2.978 4.678 -1.700 2.076 4.383 -2.307 3.249 4.829 -1.580 5.302 6.318 -1.016 7.563 4.539 3.024 17 MISCELLANEOUS LIABILITIES 8 -1.480 -2.395 2.731 3.684 BANKS IN U.S. POSSESSIONS 1 TOTAL FINANCIAL ASSETS 2 DEMAND DEPOSITS + CURRENCY 3 CREDIT MARKET INSTRUMENTS 4 U.S. GOVERNMENT SECURITIES 5 STATE + LOCAL OBLIGATIONS 6 CORPORATE BONDS 7 HOME MORTGAGES 8 COMMERCIAL MORTGAGES 9 MISCELLANEOUS ASSETS 3.281 284 1.191 248 184 74 449 236 1.806 3.775 387 1.326 277 207 59 569 214 2.062 4.284 514 1.637 438 224 60 676 239 2.133 4.750 683 1.924 643 293 64 698 226 2.143 5.223 969 2.033 570 353 74 712 324 2.221 5.290 787 2.498 346 565 75 766 746 2.005 6.350 899 2.863 417 677 81 760 928 2.588 6.729 744 3.492 494 1.121 150 889 838 2.493 7.562 1.252 3.805 702 1.039 257 877 930 2-505 8.183 1.528 4.046 629 1.359 439 1.025 594 2.609 1 2 3 4 5 6 7 8 9 .0 TOTAL DEPOSIT LIABILITIES 3.281 3.775 4.284 4.750 5.223 5.290 6.350 6.729 7.562 8.183 10 MILLIONS OF DOLLARS OCTOBER 1979 NONBANK FINANCE SUMMARY NONBANK FINANCE SUMMARY SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES YEAR-END OUTSTANDINGS, 1949 1950 YEAR-END OUTSTANDINGS, 1949-58 1951 1952 1953 1954 1955 1956 1957 1958 1949-58 PRIVATE NONBANK FINANCIAL INSTITUTIONS - TOTAL 1 2 3 4 129.752 5. 126 321 0 143.189 5.773 274 0 154.206 6.331 444 0 171.741 6.505 558 0 190.102 6.804 653 0 212.651 7.136 836 0 240.770 7.513 920 0 260.213 7.624 1.021 0 278.460 7.854 1.124 0 310.099 8.477 1.495 0 5 6 7 8 9 10 11 12 13 8.064 112.208 38.395 43 3. 567 28.717 31.808 5. 192 4.486 9.411 122.846 36.736 23 4.303 31.614 38.822 6.473 4.875 10.256 131.790 33.794 23 4.826 35.461 45.570 6.830 5.286 11.864 146.668 34.053 77 5.468 40.534 52.150 8.546 5.840 12.938 162.753 34.342 159 6.876 45.209 59.506 10.495 6.166 17.723 178.551 33.980 134 8.532 49.570 68.714 11.236 6.385 24.138 198.904 33.712 274 9.901 52.737 80.648 14.516 7.116 25.940 215.376 32.340 465 11.073 57.077 90.967 16.011 7.443 25.521 233.326 31.675 941 12.368 63.433 98.904 17.213 8.792 36.351 251.405 32.367 957 13.837 69.010 109.283 16.856 9.095 14 15 16 969 723 2.341 1.492 740 2.653 1.421 850 3. 114 1.502 948 3.696 1.866 1.006 4.082 2.672 1.064 4.669 3.108 1.156 5.031 3.142 1.291 5.819 2.805 1.451 6.379 3.770 1.599 7.002 17 18 19 20 21 115.706 32.460 0 60.812 3.070 127.519 34.867 0 66.591 3.344 137.866 38.082 0 72.002 3.481 153.907 43.156 0 78.664 3.931 171.163 48.922 0 85.926 4.146 189.887 55.640 0 93.684 6. 109 215.403 62.770 0 103.957 7.838 233.748 70.088 0 112.305 9.046 252.058 76.977 0 120.609 8.714 279.503 85.876 0 132.730 13.241 22 23 24 25 26 27 28 29 4.468 1.355 275 0 1.735 676 0 427 6.277 1.735 321 0 2.697 714 0 810 6.826 2.023 368 0 2.460 1.064 0 911 8.201 2.280 500 0 3.139 1.418 0 864 9.870 3.681 550 0 3.044 1.643 0 952 10.001 3.604 789 0 3.250 1.491 0 867 14.207 4.528 912 0 5.611 1.739 0 1.417 14.706 5.609 887 0 5.110 1.872 0 1.228 15.912 6.354 856 0 5.113 2.324 0 1.265 15.610 6.556 1.161 0 4.406 2.189 0 1.298 CREDIT MARKET INSTRUMENTS CORPORATE BONDS MORTGAGE LOANS IN PROCESS OTHER MORTGAGES BANK LOANS N.E.C. OPEN-MARKET PAPER MONEY MARKET FUND SHRS. FHLB LOANS 22 23 24 25 26 27 28 29 30 31 32 2. 588 372 11.936 2.960 415 13.065 2.681 483 14.311 3.056 641 16.258 3.445 936 17.918 4.450 693 19.310 4.746 695 21.190 4.158 581 22.864 4.287 683 24.876 4.848 769 26.429 SECURITY CREDIT PROFIT TAXES PAYABLE MISCELLANEOUS LIABILITIES 30 31 32 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY TIME + SVGS. ACCOUNTS SECURITY RP'S 1 2 3 4 CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS TREASURY ISSUES AGENCY ISSUES ST. + LOC. OBLIGATIONS CORPORATE + FOREIGN BONDS MORTGAGES CONSUMER CREDIT OTHER LOANS 5 6 7 8 9 10 11 12 13 SECURITY CREDIT TRADE CREDIT MISCELLANEOUS ASSETS 14 15 16 TOTAL LIABILITIES TIME + SAVINGS ACCOUNTS SECURITY RP'S (S+L) INSURANCE + PENSION RESERVES INVESTMENT COMPANY SHARES 17 18 19 20 21 SAVINGS INSTITUTIONS COMBINED 1 2 3 4 36.896 1.349 321 0 40.295 1.428 274 0 43.947 1.653 444 0 49.507 1.719 558 0 55.885 1.832 653 0 63.375 2.141 836 0 72.258 2.335 920 0 80.062 2.452 1.021 0 87.726 2.539 1.124 0 98.267 2.857 1.495 0 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY TIME DEPOSITS SECURITY RP'S 1 2 3 4 5 6 7 8 9 157 34.447 13. 005 86 2. 082 181 37.757 12.462 88 2.064 227 40.727 11.561 140 2.240 336 45.654 11.393 335 2.549 431 51.469 11.338 428 2.791 571 57.944 10.984 608 2.916 1.000 66.125 11.175 646 2.586 1.000 73.470 11.264 675 2.659 1.000 80.717 11.651 685 3.246 1.400 89.792 11.942 729 3.798 CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS U.S.GOVT. SECURITIES STATE + LOCAL GOVT. SEC. CORPORATE BONDS 5 6 7 8 9 10 11 12 13 14 18.387 14.547 2.416 1.387 37 21.985 17.494 2.971 1.476 44 25.557 20.252 3.569 1.689 47 29.888 24.128 3.833 1.874 53 35.041 28.812 4.071 2.105 53 41.263 34.639 4.202 2.366 56 49.040 42.013 4.344 2.62 5 58 55.705 48.253 4.441 2.952 59 61.441 53.667 4.493 3.224 57 69.183 60.459 4.891 3.780 53 15 16 17 18 523 364 0 622 706 452 0 655 768 461 0 896 1.024 465 0 1.240 1.374 497 0 1.500 1.628 545 0 1.883 2.003 675 0 1.878 2.409 758 0 2.119 2.898 796 0 2.346 3.241 899 0 2.723 19 20 21 22 23 24 33.599 32.460 0 777 0 362 36.626 34.867 0 1.222 0 537 39.898 38.082 0 1.374 0 442 45.127 43.156 0 1.453 8 510 51.111 48.922 0 1.584 10 595 58.095 55.640 0 1.751 7 697 66.037 62.770 0 2.476 8 783 73.234 70.088 0 2.237 7 902 80.266 76.977 0 2.237 7 1.045 89.720 85.876 0 2.606 5 1.233 MILLIONS OF DOLLARS MORTGAGES HOME MORTGAGES MULTI-FAMILY COMMERCIAL FARM CONSUMER INSTALMENT CREDIT CONSUMER NONINSTAL. CREDIT MONEY MARKET INSTRUMENTS MISCELLANEOUS ASSETS TOTAL LIABILITIES SAVINGS ACCOUNTS SECURITY RP'S CR. MKT. INSTR. (SVGS+LN) PROFIT TAX LIABILITY MISCELLANEOUS LIABILITIES 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 OCTOBER 1979 NONBANK FINANCE SUMMARY 118 NONBANK FINANCE SUMMARY SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES YEAR-END OUTSTANDINGS, YEAR-END OUTSTANDINGS, 1959-68 1959 1960 1961 1962 1963 1964 1965 1959-68 1966 1967 1968 PRIVATE NONBANK FINANCIAL INSTITUTIONS - TOTAL 1 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY 2 3 TIME + SVGS. ACCOUNTS 4 SECURITY RP’S 5 6 7 8 9 10 11 12 13 CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS TREASURY ISSUES AGENCY ISSUES ST. + LOC. OBLIGATIONS CORPORATE + FOREIGN BONDS MORTGAGES CONSUMER CREDIT OTHER LOANS 14 15 16 SECURITY CREDIT TRADE CREDIT MISCELLANEOUS ASSETS 17 TOTAL LIABILITIES 18 TIME + SAVINGS ACCOUNTS 19 SECURITY RP’S (S+L) 20 INSURANCE + PENSION RESERVES INVESTMENT COMPANY SHARES 21 341.241 8.488 1.530 0 370.040 8.854 1.567 0 412.529 9.925 1.922 0 440.112 10.850 2.079 0 488.237 10.907 2.187 0 537.607 11.116 2.460 0 588.400 11.521 2.463 0 614.072 11.144 2.466 0 676.631 11.593 3.064 0 741.462 12.327 3.076 107 1 2 3 4 42.623 275.440 33.096 1.274 15.713 73.313 121.449 19.490 11.105 46.223 299.234 32.663 1.761 17.150 78.147 133.664 22.000 13.849 61.368 322.722 33.299 1.901 18.218 83.675 148.446 22.819 14.364 57.899 351.582 34.915 2.378 18.785 89.501 165.396 25.076 15.531 70.626 384.134 34.634 2.554 18.722 95.956 186.697 28.295 17.276 83.528 418.497 36.165 2.905 18.728 102.531 207.476 31.527 19.165 98.744 451.652 35.364 3.325 18.277 110.384 227.251 35.011 22.040 94.357 480.628 35.333 4.634 18.497 119.559 239.448 37.855 25.302 122.243 508.356 32.929 4.960 19.818 131.437 253.919 39.323 25.970 145.073 545.207 33.395 6.595 20.796 141.201 270.108 43.212 29.900 5 6 7 8 9 10 11 12 13 3.773 1.782 7.605 3.649 1.934 8.579 4.723 1.993 9.876 4.564 2.201 10.937 6.095 2.332 11.956 5.610 2.484 13.912 5.986 2.649 15.385 5.950 2.898 16.629 9.164 3.176 19.035 12.005 3.476 20.191 14 15 16 308.434 94.001 0 144.852 15.818 335.358 103.466 0 155.486 17.026 372.460 114.801 0 170.761 22.875 398.868 127.903 0 179.049 21.271 443.722 143.079 0 195.549 25.214 489.779 158.961 0 214.369 29.116 538.116 172.048 0 233.913 35.220 565.188 179.046 0 246.772 34.829 624.140 195.717 0 272.335 44.701 684.917 208.437 0 297.337 52.677 17 18 19 20 21 22 23 24 25 26 27 28 29 CREDIT MARKET INSTRUMENTS CORPORATE BONDS MORTGAGE LOANS IN PROCESS OTHER MORTGAGES BANK LOANS N.E.C. OPEN-MARKET PAPER MONEY MARKET FUND SHRS. FHLB LOANS 19.488 7.733 1 .293 0 5.441 2.887 0 2.134 22.124 9.112 1.186 0 6.117 3.728 0 1.981 23.709 9.262 1.550 0 6.643 3.592 0 2.662 27.266 9.222 1.999 0 7.764 4.802 0 3.479 32.848 10.297 2.528 0 9.417 5.822 0 4.784 36.894 12.061 2.239 0 9.952 7.317 0 5.325 42.449 13.461 2.198 0 12.290 8.503 0 5.997 45.009 13.581 1.270 0 11.200 12.023 0 6.935 43.902 13.991 2.257 0 9.217 14.051 0 4.386 49.702 14.179 2.449 200 10.691 16.924 0 5.259 22 23 24 25 26 27 28 29 30 31 32 SECURITY CREDIT PROFIT TAXES PAYABLE MISCELLANEOUS LIABILITIES 4.887 918 28.470 5.382 896 30.978 6.256 815 33.243 7.066 875 35.438 7.739 92 7 38.366 8.377 925 41.137 8.737 1.084 44.665 9.576 1.070 48.886 12.745 958 53.782 16.199 1.169 59.396 30 31 32 SAVINGS INSTITUTIONS COMBINED 1 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY 2 3 TIME DEPOSITS 4 SECURITY RP’S 108.622 2.638 1.530 0 118.794 2.825 1.567 0 132.756 3.306 1.922 0 148.082 3.919 2.079 0 166.709 4.046 2.187 0 184,282 4.111 2.460 0 199.724 4.206 2.463 0 207.454 3.690 2.324 0 223.866 3.466 2.639 0 239.096 3.079 2.499 107 1 2 3 4 CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS U.S.GOVT. SECURITIES STATE + LOCAL GOVT. SEC. CORPORATE BONOS 1.400 100.245 12.401 721 3.627 1.300 109.840 12.080 672 3.781 1.600 121.810 12.585 677 3.632 1.500 135.872 13.013 527 3.516 1.800 153.387 13.890 440 3.221 2.000 169.597 14.519 391 3.052 2.300 183.971 14.805 320 2.925 2.000 192.298 14.846 251 3.212 2.500 207.309 16.335 219 5.287 2.400 222.873 16.891 269 6.614 5 6 7 8 9 78.478 68.746 5.272 4.405 55 87.382 76.338 5.914 5.076 54 98.386 85.229 6.966 6. 140 51 111.545 95.046 8.693 7.755 51 127.670 107.302 10.800 9.516 52 142.436 118.507 12.763 11.113 53 155.503 128.618 14.405 12.428 52 162.371 133.675 15.203 13.440 53 172.838 141.560 16.428 14.733 117 184.746 150.275 17.799 16.555 117 10 11 12 13 14 3.933 1.060 25 2.809 4.666 1.219 40 3.262 5.056 1.429 45 4.118 5.620 1.517 134 4.712 6.338 1.792 36 5.289 7.272 1.835 92 6.114 8.407 1.929 82 6.784 9.438 1.984 196 7.142 10.353 2.066 211 7.952 11.873 2.142 338 8.138 15 16 17 18 99.161 94.001 0 3.68 0 6 1.474 108.495 103.466 0 3.385 6 1.638 121.124 114.801 0 4.408 5 1.910 135.580 127.903 0 5.632 6 2.039 153.064 143.079 0 7.556 89 2.340 169.519 158.961 0 7. 849 101 2.608 183.663 172.048 0 8.654 104 2.857 191.027 179.046 0 8.737 60 3.184 206.472 195.717 0 7.035 57 3.663 220.766 208.437 0 8.167 81 4.081 19 20 21 22 23 24 5 6 7 8 9 10 11 12 13 14 15 16 17 18 MORTGAGES HOME MORTGAGES MULTI-FAMILY COMMERCIAL FARM CONSUMER INSTALMENT CREDIT CONSUMER NONINSTAL. CREDIT MONEY MARKET INSTRUMENTS MISCELLANEOUS ASSETS 19 TOTAL LIABILITIES SAVINGS ACCOUNTS 20 21 SECURITY RP'S 22 CR. MKT. INSTR. (SVGS+LN) PROFIT TAX LIABILITY 23 24 MISCELLANEOUS LIABILITIES MILLIONS OF DOLLARS OCTOBER 1979 NONBANK FINANCE SUMMARY NONBANK FINANCE SUMMARY 119 SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES YEAR-END OUTSTANDINGS, 1969 1970 YEAR-END OUTSTANDINGS, 1969-78 1971 1972 1973 1975 1974 1976 1977 1969--78 1978 PRIVATE NONBANK FINANCIAL INSTITUTIONS - TOTAL 1 2 3 4 772.865 11.893 2.515 336 827.201 12.291 .3.653 442 939.689 1078.809 1113.848 1128.507 1281.894 1462.854 1634.307 1840.863 14.394 14.360 14.795 15.246 16.275 17.950 20.259 12.974 7.907 26.461 6.065 8.037 13.782 17.996 15.738 18.816 6.015 4.910 6.544 9.420 11.990 1.168 1.667 3.709 5 6 7 8 9 10 11 12 13 140.955 583.713 29.489 8. 736 21.702 149.224 286.680 48.197 39.685 150.267 624.999 29.474 11.734 23.594 161.335 304.594 49.870 44.398 195.479 684.119 25.498 15.905 27.564 174.829 337.028 55.061 48.234 244.717 762.245 25.465 21.195 32.166 186.824 381.058 61.850 53.687 201.617 838.918 22.214 25.728 35.801 198.018 425.864 70.672 60.621 146.598 897.259 20.114 30.570 37.447 214.904 448.927 75.995 69.302 14 15 16 8.476 3. 898 21.079 7.188 4.370 23.991 9.764 4.661 25.459 13.485 5.842 28.552 9.149 6.485 31.573 7.583 7.020 35.455 17 18 19 20 21 718.923 216.364 0 311.303 48.289 772.268 233.470 0 335.002 47.618 22 23 24 25 26 27 28 29 62.776 15.189 2.455 430 12.463 22.950 0 9. 289 67.957 17.767 3.078 546 12.362 23.589 0 10.615 72.487 20.678 5.029 680 14.258 23.906 0 7.936 85.582 24.674 6.209 1.160 20.444 25.116 0 7.979 106.738 28.180 4.667 1.480 29.454 27.810 0 15.147 118.582 30.123 3.244 1.649 33.644 28.118 2.379 21.804 116.665 32.882 5. 128 2.028 29.921 28.861 3.696 17.845 121.424 38.041 6.840 2.416 26.414 31.851 3.686 15.862 146.242 47.608 9.911 2.428 26.034 40.088 3.887 20.173 177.708 54.908 10.737 2.523 28.848 48.022 10.808 32.670 CREDIT MARKET INSTRUMENTS CORPORATE BONDS MORTGAGE LOANS IN PROCESS OTHER MORTGAGES BANK LOANS N.E.C. OPEN-MARKET PAPER MONEY MARKET FUND SHRS. FHLB LOANS 22 23 24 25 26 27 28 29 30 31 32 13.173 1. 277 65.741 14.153 1. 522 72.546 15.299 1.513 80.599 19.502 1.720 91.574 16.075 1.793 102.380 13.150 1.753 110.739 16.034 1.822 122.783 23.945 2.314 139.933 26.892 3.035 159.233 25.894 4.480 179.332 SECURITY CREDIT PROFIT TAXES PAYABLE MISCELLANEOUS LIABILITIES 30 31 32 222.444 235.470 196.518 236.330 991.954 1122.223 1291.842 1460.558 32.675 50.261 64.535 59.301 46.947 39.562 60.638 73.327 52.176 43.405 78.286 64.078 240.525 271.722 307.357 339.145 479.656 527.411 597.778 666.207 81.706 92.454 108.709 129.116 74.425 81.252 93.981 109.942 8.605 7.668 38.997 13.200 8.878 43.666 15.974 10.000 47.861 17.761 11.260 57.104 875.438 1003.599 1040.247 1066.048 1216.131 1386.214 1544.163 1733.845 347.827 428.629 369.193 497.794 567.649 273.996 626.686 320.003 0 300 3 00 1.800 5.884 1.819 1.875 3.754 414.391 482.449 374.850 425.087 418.615 548.308 590.698 660.488 56.694 46.519 59.831 34.061 42.178 46.991 42.773 42.565 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY TIME + SVGS. ACCOUNTS SECURITY RP'S 1 2 3 4 CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS TREASURY ISSUES AGENCY ISSUES ST. + LOC. OBLIGATIONS CORPORATE + FOREIGN BONDS MORTGAGES CONSUMER CREDIT OTHER LOANS 5 6 7 8 9 10 11 12 13 SECURITY CREDIT TRADE CREDIT MISCELLANEOUS ASSETS 14 15 16 TOTAL LIABILITIES TIME + SAVINGS ACCOUNTS SECURITY RP'S (S+L) INSURANCE + PENSION RESERVES INVESTMENT COMPANY SHARES 17 18 19 20 21 SAVINGS INSTITUTIONS COMBINED 1 2 3 4 253.088 2. 883 1.920 336 273.934 2.932 2.955 442 317.879 2.792 5.729 1.168 370.045 3.146 7.617 1.667 408.006 3.048 6.953 3.709 436.982 3.099 8.413 6.015 497.367 3.433 13.447 4.910 571.574 3.619 11.919 6.544 660.295 4.355 12.217 9.420 743.228 4.729 10.882 11.990 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY TIME DEPOSITS SECURITY RP'S 1 2 3 4 5 6 7 8 9 2.500 237.420 16.450 293 6. 946 2.800 254.825 17.736 320 8. 147 3.500 294.293 21.338 540 12.030 4.500 341.616 24.817 1.038 14.166 4.200 376.669 25.553 1.106 13.074 3.700 400.335 25.529 1.430 13.990 4.400 453.596 35.357 3.053 17.536 4.400 524.215 45.950 3.642 20.335 4.800 606.195 53.409 4.02 8 21.498 4.800 682.001 59.436 4.610 21.566 CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS U.S.GOVT. SECURITIES STATE + LOCAL GOVT. SEC. CORPORATE BONDS 5 6 7 8 9 10 11 12 13 14 196.913 159.574 19.326 17.899 114 208.559 167.492 21.565 19.384 118 236.264 185.264 27.105 23.845 50 273.748 212.837 31.861 28.988 62 306.404 237.330 35.122 33.888 64 325.734 251.713 36.731 37.228 62 357.832 275.921 39.339 42.513 59 407.144 316.383 42.602 48.099 60 472.220 371.266 47.822 53.079 53 531.328 421.721 52.586 56.964 57 15 16 17 18 13.910 2.306 602 8. 029 15.334 2.422 2.307 9.980 17.978 2.639 3. 504 10.397 21.065 2.874 3.908 11.499 24.631 3.439 2.462 13.427 27.735 3.622 2.295 15.420 32.515 4.023 3.280 17.581 39.255 4.293 3.596 20.877 47.135 4.611 3.294 23.308 57.026 4.970 3.065 28.826 19 20 21 22 23 24 233.332 216.364 0 12.271 87 4.610 252.947 233.470 0 14.116 105 5.256 294.039 273.996 0 14.050 150 5.843 343.150 320.003 300 15.710 176 6.961 378.276 347.827 3 00 21.735 212 8.202 406.210 369.193 1.800 26.520 272 8.425 464.095 428.629 1.875 24.208 391 8.992 534.674 497.794 1.819 24.258 599 10.204 618.201 567.649 3.754 34.181 908 11.709 694.966 626.686 5.884 48.493 1.324 12.579 MILLIONS OF DOLLARS MORTGAGES HOME MORTGAGES MULTI-FAMILY COMMERCIAL FARM CONSUMER INSTALMENT CREDIT CONSUMER NONINSTAL. CREDIT MONEY MARKET INSTRUMENTS MISCELLANEOUS ASSETS TOTAL LIABILITIES SAVINGS ACCOUNTS SECURITY RP'S CR. MKT. INSTR. (SVGS+LN) PROFIT TAX LIABILITY MISCELLANEOUS LIABILITIES 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 OCTOBER 1979 SAVINGS INSTITUTIONS 120 SAVINGS INSTITUTIONS SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES YEAR-END OUTSTANDINGS, 1949-58 YEAR-END OUTSTANDINGS, 1949 1950 1951 1952 1954 1953 1949-58 1955 1956 1957 1958 SAVINGS AND LOAN ASSOCIATIONS 1 TOTAL FINANCIAL ASSETS MORTGAGES 2 CONSUMER CREDIT 3 4 5 6 7 8 9 10 11 12 OTHER ASSETS DEMAND DEPOSITS + CURR. TIME DEPOSITS FEDERAL FUNDS + RP'S U.S. TREASURY SECURITIES U.S.G. AGENCY SEC. STATE + LOCAL GOVT. SEC. OPEN-MARKET PAPER MISCELLANEOUS ASSETS 13 TOTAL LIABILITIES 14 SAVINGS SHARES SECURITY RP'S 15 14.622 11.616 340 16.893 13.657 431 19.222 15.564 453 22.660 18.396 498 26.733 21.962 569 31.633 26.108 647 37.656 31.409 790 42.875 35.729 907 48.138 40.007 1.009 55.139 45.627 1.180 1 2 3 2.666 613 0 0 2.805 700 0 0 3.205 805 0 0 3.766 869 0 0 4.202 921 0 0 4.878 1.169 0 0 5.457 1.365 0 0 6.239 1.436 0 0 7.122 1.493 0 0 8.332 1.766 0 0 4 5 6 7 1.462 0 0 0 591 1.487 0 0 0 618 1.603 0 0 0 797 1.787 17 0 0 1.093 1.920 26 0 0 1.335 2.021 27 0 0 1.661 2.381 73 0 0 1.638 2.782 166 0 0 1.855 3.173 399 0 0 2.057 3.819 36 2 0 0 2.385 8 9 10 11 12 13.516 12.472 0 15.613 13.992 0 17.769 16.107 0 21.002 19.195 0 24.832 22.846 0 29.446 27.252 0 35.099 32.142 0 39.925 37.148 0 44.775 41.912 0 51.294 47.976 0 13 14 15 16 17 18 19 20 CREDIT MARKET INSTRUMENTS CORPORATE BONDS MORTGAGE LOANS IN PROCESS BANK LOANS N.E.C. FHLB ADVANCES 777 0 275 75 427 1.222 0 321 91 810 1.374 0 368 95 911 1.453 0 500 89 864 1.584 0 550 82 952 1.751 0 789 95 867 2.476 0 912 147 1.417 2.237 0 887 122 1.228 2.237 0 856 116 1.265 2.606 0 1.161 147 1.298 16 17 18 19 20 21 22 PROFIT TAXES PAYABLE MISCELLANEOUS LIABILITIES 0 267 0 399 0 288 8 346 10 392 7 436 8 473 7 533 7 619 5 707 21 22 23 MEMO: TOTAL CR. MKT. ASSETS 13.418 15.575 17.620 20.698 24.477 28.803 34.653 39.584 44.588 50.988 23 MUTUAL. SAVINGS BANKS 21.503 650 222 0 22.446 624 168 0 23.504 696 187 0 25.301 698 219 0 27.199 740 243 0 29.350 756 270 0 31.691 742 224 0 33.676 761 159 0 35.448 764 125 0 38.322 761 160 0 1 2 3 4 157 20.443 11.418 43 86 2.082 6.705 109 0 181 21.436 10.862 23 88 2.064 8.262 137 0 227 22.295 9.835 23 140 2.240 9.916 141 0 336 23.901 9.443 40 335 2.549 11.380 154 0 431 25.620 9.191 89 42 8 2.791 12.943 178 0 571 27.531 8.755 61 608 2.916 15.007 184 0 1.000 29.485 8.463 123 646 2.586 17.457 210 0 1.000 31.492 7.982 184 675 2.659 19.746 246 0 1.000 33.270 7.583 331 685 3.246 21.169 256 0 1.400 35.663 7.270 311 729 3.798 23.263 292 0 5 6 7 8 9 10 11 12 13 31 37 99 147 165 222 240 264 289 338 14 15 TOTAL LIABILITIES 19.382 20. 163 21.054 22.774 24.591 26.612 28.492 30.395 32.110 34.557 15 16 SAVINGS DEPOSITS 17 MISCELLANEOUS LIABILITIES 19.287 95 20.025 138 20.900 154 22.610 164 24.388 203 26.351 261 28.182 310 30.026 369 31 .684 426 34.031 526 16 17 1 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY 2 TIME DEPOSITS 3 FED. FUNDS + SECURITY RP'S 4 5 6 7 8 9 10 11 12 13 CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS u.s. treasury SECURITIES U.S.G. AGENCY SEC. STATE + LOCAL OBLIGATIONS CORPORATE BONDS MORTGAGES CONSUMER CREDIT COMMERCIAL PAPER 14 MISCELLANEOUS ASSETS CREDIT UNIONS 1 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY 2 3 TIME DEPOSITS 4 SAVINGS ♦ LOAN SHARES 5 6 7 8 CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES HOME MORTGAGES CONSUMER CREDIT 9 CREDIT UNION SHARES MILLIONS OF DOLLARS 771 86 0 99 956 104 0 106 1.221 152 0 257 1.546 152 0 339 1.953 171 0 410 2.392 216 0 566 2.911 228 0 696 3.511 255 0 862 4.140 282 0 999 4.806 330 0 1.335 1 2 3 4 586 82 66 438 746 90 66 590 812 100 77 635 1.055 106 112 837 1.372 112 136 1.124 1.610 120 148 1.342 1.987 135 174 1.678 2.394 150 230 2.014 2.859 165 265 2.429 3.141 180 293 2.668 5 6 7 8 701 850 1.075 1.351 1.688 2.037 2.446 2.914 3.381 3.869 9 OCTOBER 1979 SAVINGS INSTITUTIONS SAVINGS INSTITUTIONS 121 SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES YEAR-END OUTSTANDINGS, 1959 1960 1959-68 1961 YEAR-END OUTSTANDINGS, 1962 1963 1964 1965 1966 1967 1968 1959-68 SAVINGS AND LOAN ASSOCIATIONS 1 2 3 63.530 53.141 1.380 71.476 60.070 1.586 82.135 68.834 1.752 93.605 78.770 1.794 107.559 90.944 2.033 119.355 101.333 2.120 129.580 110.306 2.232 133.933 114.402 2.285 143.534 121.680 2.424 152.890 130.582 2.628 4 5 6 7 9. 009 1.594 0 0 9.820 1.742 0 0 11.549 2.135 0 0 13.041 2.713 0 0 14.582 2.828 0 0 15.902 2.816 0 0 17.042 2.855 0 0 17.246 2.329 80 0 19.430 2.010 168 0 19.680 1.579 237 0 8 9 10 11 12 4.477 458 0 0 2.480 4.592 579 0 0 2.907 5.209 482 0 0 3.723 5.546 502 0 0 4.280 6.447 600 0 0 4.707 6.970 660 0 0 5.456 7.408 756 0 0 6.023 7.732 844 0 0 6.261 9.255 1.003 0 0 6.994 9.627 1.090 75 125 6.947 13 14 15 59.137 54.583 0 66.493 62.142 0 76.427 70.885 0 87.085 80.236 0 100.350 91.308 0 111.456 101.887 0 120.876 110.385 0 124.837 113.969 0 133.988 124.493 0 142.575 131.618 0 16 17 18 19 20 3.680 0 1.293 253 2. 134 3.385 0 1. 186 218 1.981 4.408 0 1.550 196 2.662 5.632 0 1.999 154 3.479 7.556 0 2.528 244 4.784 7.849 0 2.239 285 5.325 8.654 0 2.198 459 5.997 8.737 0 1.270 532 6.935 7.035 0 2.257 392 4.386 8.167 0 2.449 459 5.259 CREDIT MARKET INSTRUMENTS CORPORATE BONDS MORTGAGE LOANS IN PROCESS BANK LOANS N.E.C. FHLB ADVANCES 16 17 18 19 20 21 22 6 868 6 960 5 1.129 6 1.211 89 1.397 101 1.619 104 1.733 60 2.071 57 2.403 81 2.709 PROFIT TAXES PAYABLE MISCELLANEOUS LIABILITIES 21 22 23 59. 456 66.827 76.277 86.612 100.024 111.083 120.702 125.263 134.362 144.127 MEMO: TOTAL CR. MKT. ASSETS 23 TOTAL FINANCIAL ASSETS MORTGAGES CONSUMER CREDIT OTHER ASSETS DEMAND DEPOSITS + CURR. TIME DEPOSITS FEDERAL FUNDS + RP'S U.S. TREASURY SECURITIES U.S.G. AGENCY SEC. STATE + LOCAL GOVT. SEC. OPEN-MARKET PAPER MISCELLANEOUS ASSETS TOTAL LIABILITIES SAVINGS SHARES SECURITY RP'S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 MUTUAL SAVINGS BANKS 1 2 3 4 39.532 747 82 0 41.042 749 125 0 43.535 769 168 0 46.578 796 160 0 50.344 771 141 0 54.979 780 224 0 59.106 806 211 0 61.515 782 171 0 67.179 788 205 0 71.722 839 157 107 5 6 7 8 9 10 11 12 13 1.400 36.974 6. 871 405 721 3.627 24.992 333 25 1.300 38.513 6.243 466 672 3.781 26.935 376 40 1.600 40.603 6.160 514 677 3.632 29.145 430 45 1.500 43.690 6.107 618 527 3.516 32.320 468 134 1.800 47.050 5.863 695 440 3.221 36.224 571 36 2.000 51.317 5.791 788 391 3.052 40.556 647 92 2.300 55.028 5.485 819 320 2.925 44.617 780 82 2.000 57.681 4.764 1.040 251 3.212 47.336 882 196 2.500 62.728 4.319 1.210 219 5.287 50.490 992 211 2.400 67.028 3.834 1.629 194 6.614 53.457 1.087 213 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY TIME DEPOSITS FED. FUNDS + SECURITY RP'S 1 2 3 4 CONSUMER CREDIT COMMERCIAL PAPER 5 6 7 8 9 10 11 12 13 MISCELLANEOUS ASSETS 14 CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS U.S. TREASURY SECURITIES U.S.G. AGENCY SEC. STATE + LOCAL OBLIGATIONS CORPORATE BONDS mortgages 14 329 355 395 432 582 658 761 881 95 8 1.191 15 35.583 37.021 39.058 42.164 45.549 49.838 53.567 56.119 61.381 65.879 TOTAL LIABILITIES 15 16 17 34.977 606 36.343 678 38.277 781 41.336 828 44.606 943 48.849 989 52.443 1.124 55.006 1.113 60.121 1.260 64.507 1.372 SAVINGS DEPOSITS MISCELLANEOUS LIABILITIES 16 17 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY TIME DEPOSITS SAVINGS ♦ LOAN SHARES CREDIT UNIONS 1 2 3 4 5.560 297 0 1.448 6.276 334 0 1.442 7.086 402 0 1.754 7.899 410 0 1.919 8.806 447 0 2.046 9.948 515 0 2.236 11.038 545 0 2.252 12.006 579 0 2.073 13.153 668 0 2.266 14.484 661 0 2.105 5 6 7 8 3.815 190 345 3. 280 4.500 200 377 3.923 4.930 220 407 4.303 5.570 240 455 4.875 6.313 285 502 5.526 7.197 310 547 6.340 8.241 337 580 7.324 9.354 466 633 8.255 10.219 548 668 9.003 11.718 711 707 10.300 9 4.441 4.981 5.639 6.331 7. 165 8.225 9.220 10.071 11.103 12.312 MILLIONS OF DOLLARS CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES HOME MORTGAGES CONSUMER CREDIT CREDIT UNION SHARES 1 2 3 4 5 6 7 8 9 OCTOBER 1979 SAVINGS INSTITUTIONS SAVINGS INSTITUTIONS 122 SECTOR YEAR-END OUTSTANDINGS, STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES YEAR-END OUTSTANDINGS, 1969-78 1969 1970 1971 1972 1974 1973 1969-78 1975 1976 1977 1978 SAVINGS AND LOAN ASSOCIATIONS 1 TOTAL FINANCIAL ASSETS MORTGAGES 2 CONSUMER CREDIT 3 4 5 6 7 8 9 10 11 12 OTHER ASSETS DEMAND DEPOSITS + CURR. TIME DEPOSITS FEDERAL FUNDS + RP'S U.S. TREASURY SECURITIES U.S.G. AGENCY SEC. STATE + LOCAL GOVT. SEC. OPEN-MARKET PAPER MISCELLANEOUS ASSETS 13 TOTAL LIABILITIES 14 SAVINGS SHARES SECURITY RP'S 15 16 17 18 19 20 CREDIT MARKET INSTRUMENTS CORPORATE BONDS MORTGAGE LOANS IN PROCESS BANK LOANS N.E.C. FHLB ADVANCES 21 22 PROFIT TAXES PAYABLE MISCELLANEOUS LIABILITIES 23 MEMO: TOTAL CR. MKT. ASSETS 162.149 140.044 2.944 176.183 149.811 3.416 206.023 173.439 4.372 243.127 205.192 5.356 271.905 231.733 6.546 295.545 249.301 7.385 338.233 278.590 8.569 391.907 323.005 9.743 459.241 381.216 11.026 523.649 432.858 12.236 1 2 3 19.161 1.398 200 0 22.956 1.176 575 0 28.212 944 2.293 508 32.579 1.200 3.371 875 33.626 1.000 2.908 2.200 38.859 1.000 3.590 4.806 51.074 1.300 8.110 3.800 59.159 1.600 6.685 5.000 66.999 1.450 6.811 7.300 78.555 1.560 7.200 9.000 4 5 6 7 8.145 2.273 100 343 6.702 6.849 4.145 123 1.848 8.240 6.276 7.190 150 2.829 8.022 5.433 9.613 165 3.340 8.582 3.843 11.921 185 2.011 9.558 2.465 13.134 500 1.769 11.595 3.182 17.214 1.508 2.670 13.290 8.42 8 17.880 1.225 2.593 15.748 7.872 22.790 1.200 2.319 17.257 8.552 27.360 1.275 2.700 20.908 8 9 10 11 12 150.921 135.538 0 164.192 146.404 0 192.431 174.197 0 227.887 206.764 300 254.797 226.968 300 277.103 242.974 1.800 318.454 285.743 1.875 369.909 335.912 1.819 434.060 386.800 3.754 494.624 431.009 5.884 13 14 15 12.271 0 2.455 527 9.289 14.116 0 3.078 423 10.615 14.050 0 5.029 1.085 7.936 15.710 0 6.209 1.522 7.979 21.735 0 4.667 1.921 15.147 26.520 0 3.244 1.472 21.804 24.208 50 5.128 1.185 17.845 24.258 140 6.840 1.416 15.862 34.181 1 .295 9.911 2.802 20.173 48.493 1.961 10.737 3.125 32.670 16 17 18 19 20 87 3.025 105 3.567 150 4.034 176 4.937 212 5.582 272 5.537 391 6.237 599 7.321 908 8.417 1.324 7.914 21 22 153.849 166.192 194.256 229.099 256.239 274.554 311.733 362.874 426.423 484.981 23 MUTUAL SAVINGS BANKS 1 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY 2 3 TIME DEPOSITS FED. FUNDS + SECURITY RP'S 4 5 6 7 8 9 10 11 12 13 CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS U.S. TREASURY SECURITIES U.S.G. AGENCY SEC. STATE + LOCAL OBLIGATIONS CORPORATE BONDS MORTGAGES CONSUMER CREDIT COMMERCIAL PAPER 14 MISCELLANEOUS ASSETS 74.867 863 56 336 79.729 970 300 442 90.758 937 452 660 102.299 1.007 637 792 108.303 1.130 823 1.509 110.302 1.134 1.033 1.209 122.248 1.241 1.089 1.110 136.375 1.266 1.089 1.544 149.456 2.066 335 2.120 161.156 2.196 684 2.990 1 2 3 4 2.500 69.785 3.222 1.783 193 6.946 56.138 1.244 259 2.800 73.477 3.151 2.221 197 8.147 57.948 1.354 459 3.500 82.834 3.268 3.018 390 12.030 61.978 1.475 675 4.500 92.446 3.510 4. 154 873 14.166 67.556 1 .619 568 4.200 96.772 2.994 4.211 921 13.074 73.230 1.891 451 3.700 99.401 2.555 4.403 930 13.990 74.920 2.077 526 4.400 110.117 4.740 6.134 1.545 17.536 77.249 2.303 610 4.400 122.947 5.840 9.077 2.417 20.335 81.639 2.636 1.003 4.800 134.084 5.895 11.669 2.828 21.498 88.104 3.115 975 4.800 142.568 4.950 13.374 3.335 21.566 95.157 3.821 365 5 6 7 8 9 10 11 12 13 1.327 1.740 2.375 2.917 3.869 3.825 4.291 5.129 6.051 7.918 14 15 TOTAL LIABILITIES 68.671 73.269 83.250 93.637 98.967 101.589 112.628 125.7b0 137.309 147.294 15 16 SAVINGS DEPOSITS 17 MISCELLANEOUS LIABILITIES 67.086 1.585 71.580 1.689 81.441 1.809 91.613 2.024 96.347 2.620 98.701 2.888 109.873 2.755 122.877 2.883 134.017 3.292 142.629 4.665 16 17 CREDIT UNIONS 1 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY 2 3 TIME DEPOSITS 4 SAVINGS + LOAN SHARES 5 6 7 8 CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES HOME MORTGAGES CONSUMER CREDIT 9 CREDIT UNION SHARES MILLIONS OF DOLLARS 16.072 622 0 1.664 18.022 786 0 2.080 21.098 911 0 2.984 24.619 939 50 3. 559 27.798 918 312 2.910 31.135 965 512 3.278 36.886 892 978 3.270 43.292 753 812 3.333 51.598 839 862 4.209 58.423 973 877 2. 121 1 2 3 4 13.786 1.027 731 12.028 15.156 1.370 800 12.986 17.203 1.586 847 14.770 20.071 2. 107 1.000 16.964 23.658 2.584 1.441 19.633 26.380 2.972 1.513 21.895 31.746 4.087 1 .993 25.666 38.394 4.725 2.500 31.169 45.688 5.183 2.900 37.605 54.452 5.200 3.313 45.939 5 6 7 8 13.740 15.486 18.358 21.626 24.512 27.518 33.013 39.005 46.832 53.048 9 OCTOBER 1979 INSURANCE + PENSION FUNDS INSURANCE + PENSION FUNDS 123 SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES YEAR-END OUTSTANDINGS, YEAR-END OUTSTANDINGS, 1949-58 1950 1949 1951 1952 1953 1954 1955 1956 1957 1958 1949- -58 LIFE INSURANCE COMPANIES 1 2 58.390 908 62.599 1.005 66.629 1.085 71.472 1.146 76.513 1.215 82.188 1.240 87.851 1.265 93.194 1.281 98. 190 1.292 104.266 1 .366 3 4 5 6 7 8 9 10 11 12 1.718 54.427 15.298 0 1. 052 22.931 12.906 0 2.240 1.337 2.103 57.905 13.486 0 1. 152 24.752 16.102 0 2.413 1.586 2.221 61.547 11.034 0 1.142 27.467 19.314 0 2.590 1.776 2.446 65.938 10.252 0 1.153 30.569 21.251 0 2.713 1.942 2.573 70.638 9.829 0 1.2 98 33.275 23.322 0 2.914 2.087 3.268 75.397 9.070 0 1.846 35.378 25.976 0 3.127 2.283 3.633 80.476 8.576 0 2.038 37.127 29.445 0 3.290 2.477 3.503 85.615 7.555 0 2.273 39.279 32.989 0 3.519 2.795 3.391 90.461 7.029 0 2.376 41.951 35.236 0 3.86 9 3.046 4.109 95.533 7.183 50 2.681 44.352 37.062 17 4.188 3.258 13 14 15 16 17 55.527 46.444 4. 825 47 4. 211 59.243 49.080 5.600 76 4.487 63.221 51.635 6.575 133 4.878 67.837 54.480 7.700 149 5.508 72.482 57.388 8.825 231 6.038 77.273 60.389 10.000 183 6.701 82.351 63.459 11.325 222 7.345 87.397 66.626 12.500 262 8.009 92.289 69.277 14.100 264 8.648 97.497 72.294 15.600 348 9.255 TOTAL LIABILITIES LIFE INSURANCE RESERVES PENSION FUND RESERVES PROFIT TAXES PAYABLE MISCELLANEOUS LIABILITIES TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY TIME DEPOSITS TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS TREASURY ISSUES AGENCY ISSUES STATE + LOCAL OBLIGATIONS CORPORATE BONDS MORTGAGES OPEN-MARKET PAPER POLICY LOANS MISCELLANEOUS ASSETS 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 PRIVATE PENSION FUNDS 1 2 3 5.362 204 0 7.056 264 0 8. 177 329 0 9.842 310 0 11.747 366 0 13.841 357 0 18.342 415 0 21.108 415 0 23.437 466 0 29.229 496 0 4 5 6 7 8 9 10 586 4. 190 2.245 0 1. 863 82 382 1.105 5.275 2.345 0 2. 828 102 412 1.358 6.048 2.445 0 3.483 120 442 1.843 7.175 2.478 0 4.548 149 514 2.392 8.494 2.636 19 5.647 192 495 3.154 9.827 2.674 8 6.907 238 503 6.085 11.166 2.972 20 7.853 321 676 7.065 12.723 2.751 48 9.475 449 905 7.489 14.495 2.461 114 11.337 583 987 11.561 16.151 2.450 117 12.842 742 1.021 CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS TREASURY ISSUES AGENCY ISSUES CORPORATE BONDS MORTGAGES MISCELLANEOUS ASSETS 1 2 3 4 5 6 7 8 9 10 STATE AND LOCAL GOVERNMENT EMPLOYEE RETIREMENT FUNDS 1 2 4. 181 101 4.855 119 5.615 138 6.642 158 7.966 189 9.454 194 10.831 174 12.071 190 13.795 237 15.607 244 3 4 5 6 7 8 9 10 20 4.060 2.257 2. 257 0 1.349 402 52 29 4.707 2.498 2.498 0 1.549 585 75 41 5.436 2.918 2.918 0 1.712 701 105 56 6.428 3.394 3.374 20 1.883 1.010 141 75 7.702 3.885 3.860 25 2.103 1.526 188 99 9. 161 4.421 4.383 38 2.376 2.115 249 200 10.457 4.724 4.666 58 2.723 2.692 318 200 11.681 5.011 4.944 67 3.110 3.165 395 300 13.258 5.155 5.058 97 3.539 4.024 540 400 14.963 5.138 5.021 117 3.963 5.126 736 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY 1 2 3 CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS 4 U.S. GOVERNMENT SECURITIES 5 6 TREASURY ISSUES 7 AGENCY ISSUES 8 STATE + LOCAL OBLIGATIONS CORPORATE BONDS 9 10 MORTGAGES OTHER INSURANCE COMPANIES 1 2 10.510 1.137 11.748 1.202 12.804 1.238 14.246 1.320 15.598 1.375 17.754 1.323 19.441 1.348 20.113 1 .280 20.481 1.272 23.047 1.345 3 4 5 6 7 8 9 10 2. 224 6. 426 4. 826 0 828 679 93 723 2.587 7.219 5.253 0 1.144 718 104 740 2.911 7.805 5.417 0 1.448 822 118 850 3.245 8.733 5.774 0 1.869 96 7 123 948 3.344 9.873 6.025 0 2.617 1.092 139 1.006 4.539 10.828 6. 137 0 3.402 1.146 143 1.064 5.408 11.529 6.000 0 4.194 1.183 152 1.156 5.599 11.943 5.657 0 4.915 1.210 161 1.291 5.159 12.599 5.48 0 0 5.568 1.390 161 1.451 6.721 13.382 5.439 0 6.249 1.534 160 1.599 11 12 13 6.728 217 6. 511 7. 192 162 7.030 8.040 128 7.912 9.134 218 8.916 10.096 355 9.741 10.556 246 10.310 11.199 165 11.034 11.801 .18 11.783 12.901 101 12.800 13.822 166 13.656 MILLIONS OF DOLLARS TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS TREASURY ISSUES AGENCY ISSUES STATE + LOCAL OBLIGATIONS CORPORATE BONDS COMMERCIAL MORTGAGES TRADE CREDIT TOTAL LIABILITIES PROFIT TAXES PAYABLE POLICY PAYABLES 1 2 3 4 5 6 7 8 9 10 11 12 13 OCTOBER 1979 INSURANCE + PENSION FUNDS 124 INSURANCE + PENSION FUNDS SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES YEAR-END OUTSTANDINGS, YEAR-END OUTSTANDINGS, 1959-68 1959 1960 1961 1962 1963 1964 1959-68 1965 1966 1967 1968 LIFE INSURANCE COMPANIES 1 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY 2 3 4 5 6 7 8 9 10 11 12 CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS TREASURY ISSUES AGENCY ISSUES STATE + LOCAL OBLIGATIONS CORPORATE BONDS MORTGAGES OPEN-MARKET PAPER POLICY LOANS MISCELLANEOUS ASSETS 13 TOTAL LIABILITIES 14 LIFE INSURANCE RESERVES 15 PENSION FUND RESERVES 16 PROFIT TAXES PAYABLE 17 MISCELLANEOUS LIABILITIES 109.999 1.309 115.811 1.330 122.809 1.392 129.184 1.457 136.802 1.466 144.942 1.488 154.203 1.503 162.287 1.547 172.645 1.576 183.067 1.682 1 2 4.561 100.501 6.868 72 3.200 46.428 39.197 118 4.618 3.628 4.981 105.557 6.427 101 3.588 48.145 41.771 294 5.231 3.943 6.258 110.868 6.134 110 3.888 50.607 44.203 193 5.733 4.291 6.302 116.858 6.170 105 4.026 53.074 46.902 347 6.234 4.567 7.135 123.282 5.813 139 3.852 55.899 50.544 380 6.655 4.919 7.938 130.255 5.594 129 3.774 58.218 55.152 248 7.140 5.261 9.126 137.843 5.119 167 3.530 61.043 60.013 293 7.678 5.731 8.832 145.941 4.921 236 3.260 63.418 64.609 380 9.117 5.967 10.877 153.341 4.683 230 3.145 67.228 67.516 480 10.059 6.851 13.230 160.687 4.456 294 3.194 70.936 69.975 526 11.306 7.468 3 4 5 6 7 8 9 10 11 12 103.111 75.606 17.575 434 9.496 108.485 78.758 18.850 418 10.459 114.198 82.112 20.250 386 11.450 120.259 85.754 21.625 440 12.440 126.776 89.860 23.300 434 13.182 133.966 94.172 25.250 552 13.992 141.888 98.863 27.325 532 15.168 149.852 103.450 29.425 592 16.385 158.959 108.224 32.050 481 18.204 168.139 112.859 34.975 643 19.662 13 14 15 16 17 PRIVATE PENSION FUNDS 1 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY 2 TIME DEPOSITS 3 4 5 6 7 8 9 10 CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS TREASURY ISSUES AGENCY ISSUES CORPORATE BONDS MORTGAGES MISCELLANEOUS ASSETS 34.113 535 0 38.148 546 0 46.140 660 0 47.152 707 0 55.020 773 0 64.311 892 0 73.647 941 0 75.781 758 142 89.417 894 425 101.456 1.015 577 1 2 3 14.525 17.885 2.618 193 14.085 989 1.168 16.545 19.683 2.404 279 15.699 1.301 1.374 22.856 21.157 2.425 290 16.882 1.560 1.467 21.885 22.902 2.600 32 5 18.101 1.876 1.658 27.670 24.829 2.678 371 19.560 2.220 1.748 33.705 27.177 2.715 478 21.206 2.778 2.537 40.754 29.082 2.539 455 22.703 3.385 2.870 39.468 31.893 2.304 447 25.231 3.911 3.520 51.104 32.762 1.986 338 26.355 4.083 4.232 61.456 33.823 2.358 398 27.000 4.067 4.585 4 5 6 7 8 9 10 STATE AND LOCAL GOVERNMENT EMPLOYEE RETIREMENT FUNDS 1 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY 2 3 4 5 6 7 8 9 10 CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES TREASURY ISSUES AGENCY ISSUES STATE ♦ LOCAL OBLIGATIONS CORPORATE BONDS MORTGAGES 17.558 221 19.730 243 22.259 277 24.518 307 27.369 313 30.636 311 34.078 317 38.116 368 42.644 464 48.047 607 1 2 500 16.837 5.608 5.462 146 4.251 5.986 992 600 18.887 5.907 5.711 196 4.406 7.124 1.450 900 21.082 6.071 5.800 271 4.263 8.852 1.896 1.000 23.211 6.495 6. 100 395 3.804 10.670 2.242 1.500 25.556 6.857 6.510 347 3.304 12.783 2.612 2.000 28.325 7.411 7.030 381 2.900 14.944 3.070 2.500 31.261 7.645 7.153 492 2.625 17.245 3.746 2.800 34.948 7.767 7.115 652 2.481 20.184 4.516 3.900 38.280 6.950 6.165 785 2.406 23.921 5.003 5.800 41.640 7.331 5.921 1.410 2.382 26.565 5.362 3 4 5 6 7 8 9 10 OTHER INSURANCE COMPANIES 1 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY 2 3 4 5 6 7 8 9 10 CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS TREASURY ISSUES AGENCY ISSUES STATE + LOCAL OBLIGATIONS CORPORATE BONDS COMMERCIAL MORTGAGES TRADE CREDIT 11 TOTAL LIABILITIES PROFIT TAXES PAYABLE 12 13 POLICY PAYABLES MILLIONS OF DOLLARS 24.929 1.337 26.223 1.332 29.183 1.365 30.263 1.471 32.469 1.432 34.763 1.396 36.531 1.321 37.252 1.329 40.944 1.285 44.851 1.362 1 2 7.204 14.606 5.626 0 7.239 1.595 146 1.782 7.456 15.501 5.446 140 8.084 1.682 149 1.934 9.309 16.516 5.358 234 9.057 1.712 155 1.993 8.620 17.971 5.439 433 9.905 2.060 134 2.201 9.959 18.746 5.597 397 10.612 2.019 121 2.332 11.351 19.532 5.629 454 10.97 0 2.359 120 2.484 12.000 20.561 5.464 6 02 11.349 3.004 142 2.649 11.000 22.025 4.991 1.276 12.040 3.575 143 2.898 13.000 23.483 4.286 1.177 13.542 4.293 185 3.176 14.600 25.413 3.933 1.420 14.403 5.464 193 3.476 3 4 5 6 7 8 9 10 14.945 145 14.800 15.860 139 15.721 16.651 106 16.545 17.363 114 17.249 18.415 92 18.323 19.636 37 19.599 21.238 93 21.145 23.025 95 22.930 25.103 97 25.006 27.547 75 27.472 11 12 13 OCTOBER 1979 INSURANCE + PENSION FUNOS INSURANCE + PENSION FUNDS SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES YEAR-END OUTSTANDINGS» 1970 1969 1969-78 1971 YEAR-END OUTSTANDINGS. 1973 1972 LIFE 1974 1975 1976 1977 1978 1969-78 INSURANCE COMPANIES 1 2 191.296 1. 634 200.934 1.758 215.198 1.763 232.365 1.981 244.750 2.071 255.018 1.999 279.674 1.925 311.079 2.003 339.788 2.130 378.284 2.367 3 4 5 6 7 8 9 10 11 12 13.707 167.625 4. 124 390 3.221 72.673 72.027 1.365 13.825 8.330 15.420 174.605 4.042 532 3.306 74.144 74.375 2. 142 16.064 9.151 20.607 182.759 3.828 627 3.363 79.610 75.496 2.770 17.065 10.069 26.845 192.463 3-827 735 3.367 86.602 76.948 2.981 18.003 11.076 25.919 204.767 3.444 884 3.412 92.455 81.369 3.004 20.199 11.993 21.920 217.713 3.372 1.065 3.667 96.443 86.234 4.070 22.862 13.386 28.051 234.649 4.736 1.419 4.508 105.538 89.168 4.813 24.467 15.049 34.262 258.315 5.368 2.318 5.594 122.422 91.555 5.224 25.834 16.499 32.916 285.765 5.315 4.002 6.051 141.180 96.765 4.896 27.556 18.977 35.500 318-674 4.822 6.543 6.402 158.480 105.932 6.349 30.146 21.743 13 14 15 16 17 177.462 117.771 37.900 698 21.093 187.682 123.130 41.175 823 22.554 201.018 129.407 46.350 796 24.465 216.334 136.112 52.300 811 27.Ill 230.065 143.526 56.085 847 29.607 243.920 150.090 60.810 835 32.185 267.046 158.613 72.210 745 35.478 296.055 166.823 88.990 878 39.364 324.826 178.083 101.520 1.268 43.955 359.249 189.777 119.110 1.904 48.458 TOTAL LIABILITIES LIFE INSURANCE RESERVES PENSION FUND RESERVES PROFIT TAXES PAYABLE MISCELLANEOUS LIABILITIES TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY TIME DEPOSITS TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS TREASURY ISSUES AGENCY ISSUES STATE + LOCAL OBLIGATIONS CORPORATE BONDS MORTGAGES OPEN-MARKET PAPER POLICY LOANS MISCELLANEOUS ASSETS 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 PRIVATE PENSION FUNDS 1 2 3 102.385 1.024 595 110.394 1.106 698 130.121 1.305 336 156.089 1.567 290 134.349 1.352 1.084 115.508 1.337 3.749 146.824 1.452 2.410 171.897 1.575 2.332 178.541 1.670 4.806 198.628 1.762 10.303 4 5 6 7 8 9 10 61.425 34.621 2. 183 609 27.613 4.216 4.720 67.087 36.643 2-124 905 29.443 4.171 4.860 88.650 35.004 2.125 607 28.614 3.658 4.826 115.238 34.011 2.978 711 27.594 2.728 4.983 90.523 36.261 3.143 1.261 29.481 2.376 5.129 63.285 41.874 2.952 2.581 33.969 2.372 5.263 88.559 48.897 7.435 3.329 35.750 2.383 5.506 109.700 52.544 11.118 3.595 35.461 2.370 5.746 101.872 64.953 15.930 4.208 42.080 2.735 5.240 107.900 73.297 17.505 4.738 47.984 3.070 5.366 CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS TREASURY ISSUES AGENCY ISSUES CORPORATE BONDS Mortgages MISCELLANEOUS ASSETS 1 2 3 4 5 6 7 8 9 10 STATE AND LOCAL GOVERNMENT EMPLOYEE RETIREMENT FUNDS 1 2 53.247 479 60.303 601 68.972 696 80.586 958 84.655 1.344 87.983 1.797 104.802 1.446 120.598 1.414 132.554 1.683 152.973 2.752 3 4 5 6 7 8 9 10 7.300 45.468 7.003 5.437 1.566 2.331 30.559 5.575 10.100 49.602 6.595 5.104 1.491 2.032 35.055 5.920 15.400 52.876 5.440 3.896 1.544 2.152 38.996 6.288 22.200 57.428 5.702 3.597 2.105 2.029 43.227 6.470 20.200 63.111 5.842 2.508 3.334 1.691 48.437 7.141 16.400 69.786 6.168 1.585 4.583 983 54.933 7.702 24.300 79.056 7.794 2.540 5.254 1.940 61.780 7.542 30.100 89.084 10.893 4.057 6.836 3.360 67.099 7.732 30.000 100.871 16.450 6.626 9.824 3.544 72.688 8.189 33.300 116.921 22.826 10.455 12.371 3.954 81.427 8.714 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY 1 2 CORPORATE EQUITIES 3 4 CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES 5 TREASURY ISSUES 6 AGENCY ISSUES 7 STATE ♦ LOCAL OBLIGATIONS 8 CORPORATE BONDS 9 MORTGAGES 10 OTHER INSURANCE COMPANIES 1 2 45.551 1.321 49.872 1.432 57.417 1.509 67.513 1.540 69.489 1.527 67.772 1.581 77.257 1.681 93.905 1.910 112.991 2.183 133.291 2.585 3 4 5 6 7 8 9 10 13.300 27.032 3. 448 1.615 15.496 6. 273 200 3.898 13.200 30.870 3.398 1.628 17.021 8.578 245 4.370 16.600 34.647 3. 183 1.897 20.481 8.863 223 4.661 21.800 38.331 2.901 2-288 24.820 8.141 181 5.842 19.700 41.777 2.837 2.310 28.462 8-002 166 6.485 12.800 46.371 2.860 2.680 30.662 10.012 157 7.020 14.200 53.708 4.720 3.302 33.273 12.192 221 7.668 16.900 66.217 7.300 3.859 38.679 16.106 273 8.878 17.100 83.708 9.760 4.386 49.390 19.788 384 10.0Q0 19.400 100.046 10.700 5.141 62.456 21.358 391 11.260 11 12 13 30.943 126 30.817 34.428 193 34.235 37.955 150 37.805 42.894 270 42.624 47.682 283 47.399 52.596 303 52.293 58.810 308 58.502 69.154 362 68.792 81.865 480 81.385 96.128 681 95.447 MILLIONS OF DOLLARS TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS TREASURY ISSUES AGENCY ISSUES STATE + LOCAL OBLIGATIONS CORPORATE BONDS COMMERCIAL MORTGAGES TRADE CREDIT TOTAL LIABILITIES PROFIT TAXES PAYABLE POLICY PAYABLES 1 2 3 4 5 6 7 8 9 10 11 12 13 OCTOBER 1979 FINANCE N.E.C. 126 FINANCE N.E.C. SECTOR STATEMENTS OF FINANCIAL ASSETS ANO LIABILITIES YEAR-END OUTSTANDINGS, YEAR-END OUTSTANDINGS, 1949-58 1949 1950 1951 1952 1953 1954 1949-58 1955 1956 1957 1958 FINANCE COMPANIES 1 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY 2 CREDIT MARKET INSTRUMENTS 3 4 MORTGAGES CONSUMER CREDIT 5 6 OTHER LOANS ITO BUSINESS) 7 TOTAL LIABILITIES CREDIT MARKET INSTRUMENTS 8 9 CORPORATE BONDS BANK LOANS N.E.C. 10 OPEN-MARKET PAPER 11 PROFIT TAXES PAYABLE 12 13 MISCELLANEOUS LIABILITIES 7.693 854 6.839 288 4.305 2.246 9.253 1.022 8.231 454 5.315 2.462 9.793 1.140 8.653 356 5.601 2.696 11.952 1.170 10.782 598 7.057 3. 127 13.696 1.196 12.500 624 8.624 3.252 14.335 1.169 13.166 845 9.063 3.258 18.299 1.327 16.972 1.372 11.838 3.762 19.288 1.330 17.958 1.268 12.844 3.846 20.640 1.368 19.272 943 13.519 4.810 20.371 1.396 18.975 1.400 12.716 4.859 1 2 3 4 5 6 4.643 3.691 1.355 1.660 676 100 852 6.231 5.055 1.735 2.606 714 165 1.011 6.743 5.452 2.023 2.365 1.064 212 1.079 8.318 6.748 2.280 3.050 1.418 246 1.324 10.149 8.286 3.681 2.962 1.643 319 1.544 10.087 8.250 3.604 3.155 1.491 235 1.602 14.033 11.731 4.528 5.464 1.739 274 2.028 14.915 12.469 5.609 4.988 1.872 276 2.170 16.344 13.675 6.354 4.997 2.324 286 2.383 15.506 13.004 6.556 4.259 2.189 217 2.285 7 8 9 10 11 12 13 REAL ESTATE INVESTMENT TRUSTS 1 PHYSICAL ASSETS MULTI-FAMILY STRUCTURES 2 3 NONRESIDENTIAL STRUCTURES 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 3 4 TOTAL FINANCIAL ASSETS HOME MORTGAGES 5 6 COMMERCIAL MORTGAGES 7 MULTI-FAMILY MORTGAGES MISCELLANEOUS ASSETS 8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ,0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4 5 6 7 8 9 TOTAL LIABILITIES CREDIT MARKET INSTRUMENTS 10 11 MORTGAGES 12 MULTI-FAMILY RESIDENTIAL 13 COMMERCIAL 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 9 10 11 12 13 14 15 16 17 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 14 15 16 17 CORPORATE BONDS BANK LOANS N.E.C. OPEN-MARKET PAPER MISCELLANEOUS LIABILITIES OPEN-ENO INVESTMENT COMPANIES 1 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY 2 3 4 5 6 7 CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES CORPORATE BONDS OPEN-MARKET PAPER 3.07 0 83 3.344 98 3.481 143 3.931 133 4 .146 156 6. 109 155 7.838 119 9.046 138 8.714 133 13.241 202 1 2 2.710 277 104 173 0 2.897 349 129 220 0 2.948 390 129 261 0 3.326 472 130 342 0 3 .521 469 129 340 0 5.361 593 154 439 0 6.927 792 255 473 64 7. 887 1.021 276 667 78 7.411 1.170 277 780 113 11.672 1.367 401 93 5 31 3 4 5 6 7 MONEY MARKET FUNDS 1 TOTAL ASSETS 2 DEMAND DEPOSITS + CURRENCY 3 TIME DEPOSITS 4 5 6 7 CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES OPEN-MARKET PAPER MISCELLANEOUS 8 SHARES OUTSTANDING 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4 5 6 7 0 0 0 0 0 0 0 0 0 0 8 SECURITY BROKERS AND DEALERS 1 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY 2 3.65 0 490 4.039 635 3.760 605 4.149 549 4.551 475 5.595 557 5.910 530 5.331 538 5.477 547 6.071 571 1 2 3 4 5 6 7 8 649 1.542 70.' 252 587 969 509 1.403 586 370 447 1.492 550 1.184 313 384 487 1.421 612 1.486 709 228 549 1.502 602 1.608 640 430 538 1.866 731 1.635 666 300 669 2.672 885 1.387 264 300 823 3.108 686 965 243 100 622 3.142 771 1.354 449 200 705 2.805 488 1.242 604 215 423 3.770 3 4 5 6 7 8 2.596 2.588 1.763 50 775 8 2.972 2.960 1.802 100 1.058 12 2.691 2.681 1.554 150 977 10 3.076 3.056 2.060 200 796 20 3.466 3.445 2.361 300 784 21 4.472 4.450 2.929 400 1.121 22 4.772 4.746 3.263 500 983 26 4.176 4.158 2.590 600 968 18 4.312 4.287 2.601 700 986 25 4.881 4.848 2.832 741 1.275 33 9 10 11 12 13 14 CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES STATE + LOCAL OBLIGATIONS CORPORATE BONDS SECURITY CREDIT 9 TOTAL LIABILITIES SECURITY CREDIT 10 11 FROM BANKS 12 FROM FOREIGN BANKING OFF. 13 CUSTOMER CREDIT BALANCES 14 PROFIT TAXES PAYABLE MILLIONS OF DOLLARS OCTOBER 1979 FINANCE N.E.C FINANCE N.E.C. 127 SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES 1959-68 YEAR-END OUTSTANDINGS, 1959 1960 YEAR-END OUTSTANDINGS, 1961 1962 1964 1963 1965 1966 1967 1968 1959 -68 FINANCE COMPANIES 1 2 3 4 5 6 24.032 1.607 22.425 1.647 14.497 6.281 27.610 1.695 25.915 1.611 16.115 8.189 28.862 1.890 26.972 2.246 16.334 8.392 31.215 2.017 29.198 2.697 17.939 8.562 35.492 1.820 33.672 3.530 20.165 9.977 39.700 1.793 37.907 3.920 22.420 11.567 44.654 1.985 42.669 4.462 24.675 13.532 47.074 2.137 44.937 3.898 26.433 14.606 47.691 2.236 45.455 4.294 26.904 14.257 52.935 2.313 50.622 4.935 29.197 16.490 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY CREDIT MARKET INSTRUMENTS MORTGAGES CONSUMER CREDIT OTHER LOANS (TO BUSINESS) 7 8 9 10 11 12 13 18.791 15.808 7.733 5.188 2. 887 283 2.700 22.184 18.739 9. 112 5.899 3.728 285 3. 160 22.894 19.301 9.262 6.447 3.592 255 3.338 25.631 21.634 9.222 7.610 4.802 287 3.710 30.068 25.292 10.297 9.173 5.822 255 4.521 34.158 29.045 12.061 9.667 7.317 175 4.938 39.552 33.795 13.461 11.831 8.503 262 5.495 42.887 36.272 13.581 10.668 12.023 228 6.387 43.948 36.867 13.991 8.825 14.051 172 6.909 49.121 40.769 14.179 9.666 16.924 171 8.181 TOTAL LIABILITIES CREDIT MARKET INSTRUMENTS CORPORATE BONDS BANK LOANS N.E.C. OPEN-MARKET PAPER PROFIT TAXES PAYABLE MISCELLANEOUS LIABILITIES 7 8 9 10 11 12 13 1 2 3 4 5 6 REAL ESTATE INVESTMENT TRUSTS 1 2 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 355 117 238 PHYSICAL ASSETS MULTI-FAMILY STRUCTURES NONRESIDENTIAL STRUCTURES 1 2 3 4 5 6 7 8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 830 35 720 75 0 TOTAL FINANCIAL ASSETS HOME MORTGAGES COMMERCIAL MORTGAGES MULTI-FAMILY MORTGAGES MISCELLANEOUS ASSETS 4 5 6 7 8 9 10 11 12 13 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 766 766 200 66 134 9 TOTAL LIABILITIES CREDIT MARKET INSTRUMENTS 10 MORTGAGES 11 MULTI-FAMILY RESIDENTIAL 12 COMMERCIAL 13 14 15 16 17 0 0 0 0 0 0 6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 566 0 0 CORPORATE BONDS BANK LOANS N.E.C. OPEN-MARKET PAPER MISCELLANEOUS LIABILITIES 14 15 16 17 OPEN- END INVESTMENT COMPANIES 1 2 15.818 241 17.026 259 22.875 347 21.271 324 25.214 385 29.116 444 35.220 537 34.829 531 44.701 682 52.677 804 3 4 5 6 7 13.867 1.710 556 1.091 63 14.806 1.961 619 1.247 95 20.252 2.276 688 1.587 1 18.339 2.608 73 7 1.617 254 22.085 2.744 728 1.788 228 25.638 3.034 767 2.149 118 30.863 3.820 811 2.554 455 28.943 5.355 1.437 2.915 1.003 39.176 4.843 921 2.959 963 46.082 5.791 1.143 3.408 1.240 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES CORPORATE BONDS OPEN-MARKET PAPER 1 2 3 4 5 6 7 MONEY MARKET FUNDS 1 2 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4 5 6 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8 0 0 0 0 0 0 0 0 0 0 TOTAL ASSETS DEMAND DEPOSITS + CURRENCY TIME DEPOSITS CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES OPEN-MARKET PAPER MISCELLANEOUS 1 2 3 4 5 6 7 SHARES OUTSTANDING 8 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY 1 2 SECURITY BROKERS AND DEALERS 1 2 6. 170 600 6.698 624 7.645 688 8.427 648 9.162 672 9.857 681 10.343 711 11.279 784 14.723 990 18.503 1.465 3 4 5 6 7 8 566 1.231 428 302 501 3.773 535 1.890 1.021 400 469 3.649 193 2.041 1.305 333 403 4.723 253 2.962 1.976 523 463 4.564 477 1.918 718 514 686 6.095 896 2.670 1.374 693 603 5.610 1.201 2.445 1.082 453 910 5.986 1.314 3.231 1.742 465 1.024 5.950 1.686 2.883 983 506 1.394 9.164 1.505 3.528 1.766 548 1.214 12.005 9 10 11 12 13 14 4.937 4.887 3.018 773 1.096 50 5.430 5.382 3.284 849 1.249 48 6.319 6.256 4.056 859 1.341 63 7.094 7.066 5.019 709 1.338 28 7.796 7.739 5.320 1.088 1.331 57 8.437 8.377 5.541 1.051 1.785 60 8.830 8.737 5.258 788 2.691 93 9.671 9.576 5.821 850 2.905 95 12.896 12.745 6.641 850 5.254 151 16.398 16.199 7.674 850 7.675 199 MILLIONS OF DOLLARS CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES STATE + LOCAL OBLIGATIONS CORPORATE BONDS SECURITY CREDIT TOTAL LIABILITIES SECURITY CREDIT FROM BANKS FROM FOREIGN BANKING OFF. CUSTOMER CREDIT BALANCES PROFIT TAXES PAYABLE 3 4 5 6 7 8 9 10 11 12 13 14 OCTOBER 1979 FINANCE N.E.C 128 FINANCE N.E.C SECTOR STATEMENTS OF FINANCIAL ASSETS AND LIABILITIES YEAR-END OUTSTANDINGS. 1969-78 YEAR-END OUTSTANDINGS, 1969 1970 1971 1972 1973 1974 1969-78 1975 1976 1977 1978 FINANCE COMPANIES 1 TOTAL FINANCIAL ASSETS 2 DEMAND DEPOSITS + CURRENCY 3 CREDIT MARKET INSTRUMENTS 4 MORTGAGES 5 CONSUMER CREDIT 6 OTHER LOANS (TO BUSINESS) 7 TOTAL LIABILITIES CREDIT MARKET INSTRUMENTS 8 9 CORPORATE BONDS 10 BANK LOANS N.E.C. OPEN-MARKET PAPER 11 PROFIT TAXES PAYABLE 12 13 MISCELLANEOUS LIABILITIES 61.611 2.429 59.182 5.742 31.981 21 .459 64.009 2.662 61.347 7.420 32.114 21.813 69.443 2.946 66.497 8.896 34.444 23.157 79.068 3.208 75.860 10.587 37.911 27.362 90.832 3.454 87.378 12.452 42.602 32.324 96.068 3.684 92.384 10.583 44.638 37.163 97.697 3.898 93.799 9.332 45.168 39.299 106.687 4.096 102.591 8.966 48.906 44.719 126.759 4.278 122.481 10.465 56.963 55.053 145.749 4.444 141.305 10.837 67.120 63.348 1 2 3 4 5 6 58.465 49.025 15.094 10.981 22.950 219 9.221 62.414 51.662 17.167 10.906 23.589 251 10.501 67.089 54.326 19.662 11.538 23.126 277 12.486 76.288 61.112 23.284 15.952 21.876 298 14.878 88.123 70.653 26.240 20.578 23.835 298 17.172 93.596 76.242 28.024 20.810 27.408 298 17.056 94.777 76.748 30.733 17.983 28.032 298 17.731 102.999 83.388 35.985 16.111 31.292 298 19.313 121.506 100.782 44.484 16.728 39.570 298 20.426 141.067 119.553 51.314 20.843 47.396 484 21.030 7 8 9 10 11 12 13 REAL ESTATE INVESTMENT TRUSTS 1 PHYSICAL ASSETS MULTI-FAMILY STRUCTURES 2 NONRESIDENTIAL STRUCTURES 3 4 TOTAL FINANCIAL ASSETS 5 HOME MORTGAGES 6 COMMERCIAL MORTGAGES 7 MULTI-FAMILY MORTGAGES 8 MISCELLANEOUS ASSETS 9 TOTAL LIABILITIES CREDIT MARKET INSTRUMENTS 10 MORTGAGES 11 MULTI-FAMILY RESIDENTIAL 12 13 COMMERCIAL 14 15 16 17 CORPORATE BONDS BANK LOANS N.E.C. OPEN-MARKET PAPER MISCELLANEOUS LIABILITIES 702 232 470 949 313 636 1.353 446 907 2.480 818 1.662 3.210 1.059 2.151 4.273 1.410 2.863 7.299 2.409 4.890 8.943 2.951 5.992 8.578 2.831 5.747 7.623 2.516 5.107 1 2 3 2.007 213 1.301 49 3 0 3.904 605 2.030 1.269 0 6.370 785 3.240 2.178 167 11.390 1.210 4.967 4.219 994 16.980 1.880 7.476 6.600 1.024 17.529 1.708 7.672 6.765 1.384 13.966 1.366 7.020 4.792 788 9.833 1.121 5.178 3.072 462 7.237 892 3.824 2.304 217 6.778 755 3.207 1.973 843 4 5 6 7 8 1.480 1.480 430 142 288 2.179 2.179 546 180 366 4.111 4. Ill 680 224 456 8.760 8.760 1.160 383 777 14.350 14.350 1.480 488 992 16.600 15.820 1.649 544 1. 105 17.789 15.709 2.028 669 1.359 16.038 13.778 2.416 797 1.619 13.037 11.279 2.428 801 1.627 11.480 9.662 2.523 833 1.690 9 10 11 12 13 95 95 5 0 0 600 1.033 0 0 1.016 1.635 780 0 1.390 2.970 3.240 0 1.940 6.955 3.975 0 2.099 11.362 710 780 2.099 10.753 829 2.080 1.916 8. 887 559 2.260 1.829 6.504 518 1.758 1.633 4.880 626 1.818 14 15 16 17 OPEN-END INVESTMENT COMPANIES 1 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY 2 48.289 737 47.618 727 56.694 866 59.831 913 46.519 710 34.061 546 42.178 644 46.991 726 42.773 688 42.565 650 1 2 3 4 5 6 7 40.857 6.695 675 3.586 2.434 39.683 7.208 850 4.286 2.072 48.621 7.207 559 4.910 1.738 51.728 7.190 689 5.068 1.433 38.321 7.48 8 660 4.196 2.632 26.347 7.168 1.109 3.792 2.267 33.664 7.870 1.066 4.766 2.038 37.267 8.998 1.086 6.977 935 31.729 10.356 1.763 6.475 2.118 31.405 10.510 1.584 5.544 3.382 3 4 5 6 7 CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES CORPORATE BONDS OPEN-MARKET PAPER MONEY MARKET FUNDS 1 TOTAL ASSETS 2 DEMAND DEPOSITS + CURRENCY 3 TIME DEPOSITS 4 5 6 7 CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES OPEN-MARKET PAPER MISCELLANEOUS 8 SHARES OUTSTANDING 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2.379 0 1.620 3.696 29 2.139 3.686 24 1.487 3.887 28 1.793 10.808 68 5.276 1 2 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 757 112 645 2 1.455 927 528 73 2.093 1.149 944 82 1.947 883 1.064 119 5.138 1.486 3.652 326 4 5 6 7 0 0 0 0 0 2.379 3.696 3.686 3.887 10.808 8 SECURITY BROKERS AND DEALERS 1 TOTAL FINANCIAL ASSETS 2 DEMAND DEPOSITS + CURRENCY 3 4 5 6 7 8 CORPORATE EQUITIES CREDIT MARKET INSTRUMENTS U.S. GOVERNMENT SECURITIES STATE + LOCAL OBLIGATIONS CORPORATE BONDS SECURITY CREDIT 9 TOTAL LIABILITIES 10 SECURITY CREDIT FROM BANKS 11 12 FROM FOREIGN BANKING OFF. CUSTOMER CREDIT BALANCES 13 14 PROFIT TAXES PAYABLE MILLIONS OF DOLLARS 15.391 1.386 16.233 1.073 17.595 1.097 21.922 1.081 18.268 854 15.207 752 18.433 738 26.604 908 29.482 935 28.559 902 1 2 1.866 3.663 1.728 361 1.574 8.476 1.977 5.995 3.398 915 1.682 7.188 2.101 4.633 1.799 1.028 1.806 9.764 2.406 4.950 2.012 912 2.026 13.485 2.754 5.511 2.008 1.130 2.373 9.149 2.146 4.726 2.256 705 1.765 7.583 3.344 5.746 2.152 631 2.963 8.605 3.701 8.795 4.572 901 3.322 13.200 4.027 8.546 3.833 1.065 3.648 15.974 3.165 6.731 3.081 864 2.786 17.761 3 4 5 6 7 8 13.320 13.173 6.668 850 5.655 147 14.303 14.153 8.600 850 4.703 150 15.439 15.299 9.252 850 5.197 140 19.667 19.502 12.952 1.162 5.388 165 16.228 16.075 10.284 592 5.199 153 13.195 13.150 8.448 518 4.184 45 16.114 16.034 10.772 430 4.832 80 24.122 23.945 16.786 869 6.290 177 26.973 26.892 18.230 1.328 7.334 81 25.981 25.894 15.681 1 .442 8.771 87 9 10 11 12 13 14 OCTOBER 1979 MONETARY AND INSURANCE RESERVES MONETARY ANO INSURANCE RESERVES 129 FOREIGN EXCHANGE, TREASURY CURRENCY, INSURANCE RESERVES, AND INTERBANK CLAIMS YEAR-END OUTSTANDINGS, YEAR-END OUTSTANDINGS, 1949-58 1949 1950 1951 1952 1954 1953 GOLD AND OFFICIAL FOREIGN 1956 1955 1957 1949-58 1958 exchange HOLDINGS (1) 1 26.025 24.266 24.298 24.714 23.458 22.978 22.797 23.666 24.832 22.540 TOTAL U.S. RESERVES 1 2 3 4 24.563 136 24.427 22.820 114 22.706 22.872 177 22.695 23.252 65 23.187 22.091 61 22.030 21.793 80 21.713 21.753 63 21.690 22.058 109 21.949 22.857 76 22.781 20.582 48 20.534 U.S. GOLD STOCK AND SDR'S U.S. GOVT.—EX. STAB. FUND MONETARY AUTHORITY (2) 2 3 4 5 1.462 1.446 1.426 1.462 1.367 1.185 1.044 1.608 1.975 1.958 U.S. FOREIGN EXCHANGE POSITION 5 6 7 8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 OFFICIAL FGN. CURRENCY HLDGS TREASURY MONETARY AUTHORITY 6 7 8 9 10 11 1.462 1.742 -280 1.446 1.480 -34 1.426 1.454 -28 1.462 1.492 -30 1.367 1.410 -43 1.185 1.222 -37 1.044 1.105 -61 1.608 1.667 -59 1.975 2.004 -29 1.958 1.993 -35 12 13 14 35.015 24.563 10.452 35.355 22.820 12.535 35.575 22.872 12.703 35.815 23.252 12.563 36.290 22.091 14.199 36.940 21.793 15.147 37.620 21.753 15.867 38.075 22.058 16.017 38.765 22.857 15.908 39.445 20.582 18.863 TOTAL WORLD GOLD + SDR’S U.S. , AS ABOVE REST OF THE WORLO 2.526 4.910 -2.384 2.562 4.990 -2.428 2.600 5.078 -2.478 TOTAL U.S. GOVT. LIABILITY MONETARY AUTHORITY ASSET UNALLOCATED ASSETS NET IMF POSITION U.S. GOVERNMENT ASSET MONETARY AUTHORITY 9 10 11 12 13 14 TREASURY CURRENCY AND SDR CERTIFICATES 1 2 3 2.384 4.442 -2.058 2.374 4.480 -2.106 2.398 4.553 -2.155 2.435 4.656 -2.221 2.469 4.738 -2.269 2.505 4.829 -2.324 2.507 4.852 -2.345 1 2 3 INSURANCE AND PENSION FUND RESERVES LIFE INSURANCE RESERVES: 1 2 3 52.104 5.660 46.444 55.049 5. 969 49.080 57.777 6. 142 51.635 60.665 6.185 54.480 63.647 6.259 57.388 66.349 5.960 60.389 69.254 5.795 63.459 72.724 6.098 66.626 75.462 6.185 69.277 78.535 6.241 72.294 TOTAL LIABILITIES U.S. GOVERNMENT LIFE INSURANCE COMPANIES 1 2 3 4 52.104 55.049 57.777 60.665 63.647 66.349 69.254 72.724 75.462 78.535 TOTAL ASSETS (HOUSEHOLDS! 4 PENSION FUND RESERVES: 5 6 7 8 9 10 11 12 20.327 5.959 3.620 2.339 14.368 4. 825 5.362 4. 181 24.2 54 6.743 4.166 2.577 17.511 5.600 7.056 4.855 27.820 7.453 4.758 2.695 20.367 6.575 8.177 5.615 32.595 8.411 5.371 3.040 24.184 7.700 9.842 6.642 37.479 8.941 5.647 3.294 28.538 8.825 11.747 7.966 42.654 9.359 5.918 3.441 33.295 10.000 13.841 9.454 50.546 10.048 6.498 3.550 40.498 11.325 18.342 10.831 56.590 10.911 7.269 3.642 45.679 12.500 21.108 12.071 62.678 11.346 7.685 3.661 51.332 14.100 23.437 13.795 72.716 12.280 8.598 3.682 60.436 15.600 29.229 15.607 TOTAL LIABILITIES U.S. GOVERNMENT EMPLOYEE RETIREMENT RAILROAD RETIREMENT INSURANCE SECTOR LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT, RTR. FUNDS 5 6 7 8 9 10 11 12 13 20.327 24.2 54 27.820 32.595 37.479 42.654 50.546 56.590 62.678 72.716 TOTAL ASSETS (HOUSEHOLDS) 13 TOTAL LIABILITIES NET I NTERBANK CLAIMS 1 20.846 23.367 26.274 26.264 26.088 24.629 26.261 27.328 26.590 26.094 2 3 4 18.578 16.563 2.015 19.855 17.681 2.174 22.753 20.056 2.697 22.703 19.950 2.753 22.672 20.160 2.512 21.345 18.876 2.469 21.687 19.005 2.682 22.320 19.059 3.261 22.369 19.034 3.335 21.753 18.504 3.249 5 6 7 8 9 10 11 2.268 542 848 1.000 391 391 0 3.512 1.435 1.073 1. 312 552 552 0 3.521 1.203 1.676 1.738 715 715 0 3.561 1.094 1.758 1.844 661 661 0 3.416 948 1.682 1.761 570 570 0 3.284 818 1.729 1.870 509 509 0 4.574 1.692 1.846 1.962 553 553 0 5.008 1.690 2.196 2.280 614 614 0 4.221 1.474 1.959 2.079 331 331 0 4.341 1.342 2.111 2.247 292 292 0 12 13 14 609 730 121 760 915 155 1.023 1.226 203 1.183 1.424 241 1.191 1.447 256 1.361 1.658 297 1.409 1.712 303 1.666 2.029 363 1.748 2. 121 373 1 .955 2.361 406 FGN. BKG. OFF. IN U.S. 12 DUE FGN. AFFILIATES 13 LESS: DUE FROM AFF. 14 15 16 17 152 148 4 239 233 6 62 53 9 86 76 10 79 66 13 141 126 15 116 102 14 84 64 20 120 79 41 136 120 16 LESS: DEP. AT FGN. BANKS 15 U.S.-CHARTERED BANKS 16 FGN. BKG. OFF. IN U.S. 17 18 19 20 21 22 23 24 878 925 948 0 70 878 23 1.004 1.061 1.092 0 88 1.004 31 642 721 756 0 114 642 35 709 815 851 0 142 709 36 786 901 937 0 151 7 86 36 737 868 911 0 174 737 43 1.036 1.172 1.215 0 179 1.036 43 1.122 1.282 1.335 0 213 1.122 53 788 939 1.006 0 218 788 67 888 1.047 1.125 0 237 888 78 25 0 0 0 0 0 0 0 0 0 0 26 27 28 -47 23 70 -57 31 88 -79 35 114 -106 36 142 -115 36 151 -131 43 174 -136 43 179 -160 53 213 -151 67 218 -159 78 237 29 30 31 32 33 34 19.968 848 19.120 542 534 8 22.363 1.073 21.290 1.435 1.368 67 25.632 1.676 23.956 1.203 1.184 19 25.555 1.758 23.797 1.094 967 127 25.302 1.682 23.620 948 935 13 23.892 1.729 22. 163 818 808 10 25.225 1.846 23.379 1.692 1.585 107 26.206 2.196 24.010 1.690 1.665 25 25.802 1.959 23.843 1.474 1.424 50 25.206 2.111 23.095 1.342 1 .296 46 35 36 37 18.578 16.563 2.015 19.855 17.681 2.174 22.753 20.056 2.697 22.703 19.950 2.753 22.672 20.160 2.512 21.345 18.876 2.469 21.687 19.005 2.682 22.320 19.059 3.261 22.369 19.034 3.335 21.753 18.504 3.249 38 878 1.004 642 709 786 737 1.036 1.122 788 888 (1) MONETARY AUTHORITY MEMBER BANK RESERVES VAULT CASH COMMERCIAL BANKING TO MONETARY AUTHORITY TO FOREIGN BANKS, NET LIABILITIES, NET U.S.-CHARTERED BANKS DUE FGN. AFFILIATES LESS: DUE FROM AFF. TO U.S. BANKING, NET U.S.-CHARTERED BANKS LIABILITIES TO DOM. AFFILIATES TO FGN. OFFICES UNALLOCATED LESS:DUE FROM FGN OFF. DOMESTIC AFFILIATES 5 6 7 8 9 10 11 18 19 20 21 22 23 24 25 FGN. BKG. OFF. IN U.S. 26 27 DUE TO U.S. BANKS LESS:DUE FROM U.S. BKS 28 TOTAL ASSETS REST OF THE WORLD DOMESTIC MONETARY AUTHORITY F.R. FLOAT LOANS TO MEMBER BANKS U.S.-CHARTERED BANKS MEMBER BANK RESERVES VAULT CASH DISCREPANCY-FLOATS, ETC. LINES 1 AN 2 INCLUDE INCREASES IN SDR THROUGH ALLOCATIONS, WHICH OCCURRED IN JANUARY OF 1970, 1971, 1972, AND 1978. ALSO INCLUDED IN THE TABLE ARE REVALUATIONS OF FOREIGN CURRENCY HOLDINGS, GOLD, SDR’S AND IMF POSITION. THESE ALLOCATIONS AND REVALUATIONS ARE EXCLUDED FROM TABLES ON FLOWS. <2) TREASURY GOLD STOCK. MILLIONS OF DOLLARS 1 2 3 4 29 30 31 32 33 34 35 36 37 38 OCTOBER 1979 MONETARY AND INSURANCE RESERVES 130 MONETARY AND INSURANCE RESERVES FOREIGN EXCHANGE, TREASURY CURRENCY, INSURANCE RESERVES, AND INTERBANK CLAIMS YEAR-END OUTSTANDINGS, 1959-68 YEAR-END OUTSTANDINGS, 1959-68 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 GOLD AND OFFICIAL FOREIGN EXCHANGE holdings (1) 1 TOTAL U.S. RESERVES 21.504 19.359 18.753 17.220 16.843 16.672 15.450 14.882 14.830 15.710 1 2 U.S. GOLD STOCK AND SDR'S 3 U.S. GOVT.—EX. STAB. FUND 4 MONETARY AUTHORITY (2) 19.507 51 19.456 17.804 37 17.767 16.947 58 16.889 16.057 79 15.978 15.596 83 15.513 15.471 83 15.388 13.806 73 13.733 13.235 76 13. 159 12.065 83 11.982 10.892 525 10.367 2 3 4 1.997 1.555 1.806 1.163 1.247 1.201 1.644 1.647 2.765 4.818 5 0 0 0 0 0 0 116 116 0 99 18 81 212 59 153 432 137 295 781 152 629 1.321 446 875 2.345 741 1.604 3.528 1.467 2.061 6 7 8 1.997 2.059 -62 1. 555 1.656 -101 1.690 1.737 -47 1.064 1.112 -48 1.035 1.087 -52 769 814 -45 863 912 -49 326 383 -57 420 480 -60 1.290 1.348 -58 9 10 11 40.195 19.507 20.688 40.540 17.804 22.736 41.120 16.947 24.173 41.475 16.057 25.418 42.305 15.596 26.709 43.015 15.471 27.544 43.230 13.806 29.424 43.185 13.235 29.950 41.600 12.065 29.535 40.905 10.892 30.013 12 13 14 3.963 6.161 -2.198 4.646 6.628 -1.982 5.062 6.795 -1.733 1 2 3 5 U.S. FOREIGN EXCHANGE POSITION 6 7 8 9 10 11 OFFICIAL FGN. CURRENCY HLDGS TREASURY MONETARY AUTHORITY NET IMF POSITION U.S. GOVERNMENT ASSET MONETARY AUTHORITY 12 TOTAL WORLD GOLD + SDR'S 13 U.S., AS ABOVE 14 REST OF THE WORLD TREASURY CURRENCY AND SDR CERTIFICATES 1 TOTAL U.S. GOVT. LIABILITY 2 MONETARY AUTHORITY ASSET 3 UNALLOCATED ASSETS 2.639 5.155 -2.516 2.686 5.242 -2.556 2.740 5.429 -2.689 2.760 5.411 -2.651 2.806 5.422 -2.616 2.830 5.249 -2.419 3.064 5.419 -2.355 INSURANCE AND PENSION FUND RESERVES LIFE INSURANCE RESERVES: 81.956 6.350 75.606 85.184 6.426 78.758 88.631 6.519 82.112 92.398 6.644 85.754 96.635 6.775 89.860 101.051 6.879 94.172 105.876 7.013 98.863 110.570 7.120 103.450 115.424 7.200 108.224 120.045 7.186 112.859 1 2 3 81.956 85.184 88.631 92.398 96.635 101.051 105.876 110.570 115.424 120.045 4 5 TOTAL LIABILITIES 6 U.S. GOVERNMENT 7 EMPLOYEE RETIREMENT 8 RAILROAD RETIREMENT 9 INSURANCE SECTOR 10 LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS 11 12 ST.+LOC. GOVT, RTR. FUNDS 82.410 13.164 9.470 3.694 69.246 17.575 34.113 17.558 90.818 14.090 10.406 3.684 76.728 18.850 38.148 19.730 103.655 15.006 11.434 3.572 88.649 20.250 46.140 22.259 109.294 15.999 12.464 3.535 93.295 21.625 47.152 24.518 122.849 17.160 13.571 3.5 89 105.689 23.300 55.020 27.369 138.606 18.409 14.753 3.656 120.197 25.250 64.311 30.636 154.774 19.724 15.912 3.812 135.050 27.325 73.647 34.078 164.299 20.977 16.969 4.008 143.322 29.425 75.781 38.116 186.403 22.292 18.045 4.247 164.111 32.050 89.417 42.644 208.106 23.628 19.316 4.312 184.478 34.975 101.456 48.047 5 6 7 8 9 10 11 12 13 TOTAL ASSETS (HOUSEHOLDS) 82.410 90.818 103.655 109.294 122.849 138.606 154.774 164.299 186.403 208.106 13 1 TOTAL LIABILITIES 2 3 U.S. GOVERNMENT LIFE INSURANCE COMPANIES 4 TOTAL ASSETS (HOUSEHOLDS) PENSION FUND RESERVES: NET INTERBANK CLAIMS 1 TOTAL LIABILITIES 2 3 4 5 6 7 8 9 10 11 MONETARY AUTHORITY MEMBER BANK RESERVES VAULT CASH COMMERCIAL BANKING TO MONETARY AUTHORITY TO FOREIGN BANKS, NET LIABILITIES, NET U.S.-CHARTERED BANKS DUE FGN. AFFILIATES LESS: DUE FROM AFF. 26.573 26.568 28.555 29.196 28.421 29.515 30.547 36.521 38.840 44.659 1 21.186 18.174 3.012 20.427 17.081 3.346 21.076 17.387 3.689 21.973 17.454 4.519 21.308 17.049 4.259 22.382 17.850 4.532 23.298 18.447 4.851 25.244 19.794 5.450 27.023 21.092 5.931 29.054 21.859 7.195 2 3 4 5.387 2.043 2.132 2.260 525 525 0 6.141 1.893 2.960 3.122 948 948 0 7.479 2.415 3.087 3.363 1.033 1.033 0 7.223 2.940 2.981 3.242 851 851 0 7.113 2.631 3.233 3.593 1.000 1.000 0 7.133 2.762 3.717 4.080 1.118 1.118 0 7.249 2.344 3.830 4.138 1.383 1.383 0 11.277 2.683 6.693 7.002 4.036 4.036 0 11.817 2.624 7.259 7.625 4.241 4.241 0 15.605 3.670 9.404 9.781 6.039 6.039 0 5 6 7 8 9 10 11 12 13 14 FGN. BKG. OFF. IN U.S. DUE FGN. AFFILIATES LESS: DUE FROM AFF. 1.735 2.164 429 2.174 2.676 502 2.330 2.866 536 2.391 2.943 552 2.593 3.176 583 2.962 3.639 677 2.755 3.437 682 2.966 3.740 774 3.384 4.261 877 3.742 4.806 1.064 12 13 14 15 16 17 LESS: DEP. AT FGN. BANKS U.S.-CHARTERED BANKS FGN. BKG. OFF. IN U.S. 128 114 14 162 144 18 276 254 22 261 242 19 360 340 20 363 341 22 308 2 82 26 309 279 30 366 328 38 377 337 40 15 16 17 18 19 20 21 22 23 24 TO U.S. BANKING, NET U.S.-CHARTERED BANKS LIABILITIES TO DOM. AFFILIATES TO FGN. OFFICES UNALLOCATED LESS:DUE FROM FGN OFF. 1.212 1.390 1.454 0 242 1.212 64 1.288 1.564 1.585 0 297 1.288 21 1.977 2.262 2.345 0 368 1.977 83 1.302 1.531 1.639 0 337 1.302 108 1.249 1.521 1.629 0 380 1.249 108 654 1.167 1.271 0 617 654 104 1.075 1.572 1.688 0 613 1.075 116 1.901 2.267 2.468 0 567 1.901 201 1.934 2.945 3.107 0 1.173 1.934 162 2.531 3.816 4.087 0 1.556 2.531 271 18 19 20 21 22 23 24 25 DOMESTIC AFFILIATES 26 27 28 FGN. BKG. OFF. IN U.S. DUE TO U.S. BANKS LESS:DUE FROM U.S. BKS 29 TOTAL ASSETS REST OF THE WORLD 30 31 DOMESTIC MONETARY AUTHORITY 32 F.R. FLOAT 33 34 LOANS TO MEMBER BANKS 35 36 37 U.S.-CHARTERED BANKS MEMBER BANK RESERVES VAULT CASH 38 DISCREPANCY-FLOATS, ETC. 0 0 0 0 0 0 0 0 0 0 25 -178 64 242 -276 21 297 -285 83 368 -229 108 337 -272 108 380 -513 104 617 -497 116 613 -366 201 567 -1.011 162 1.173 -1.285 271 1.556 26 27 28 25.361 2.132 23.229 2.043 1.590 453 25.280 2.960 22.320 1.893 1.868 25 26.578 3.087 23.491 2.415 2.300 115 27.894 2.981 24.913 2.940 2.903 37 27.172 3.233 23.939 2.631 2.600 31 28.861 3.717 25.144 2.762 2.606 156 29.472 3.830 25.642 2.344 2.248 96 34.620 6.693 27.927 2.683 2.510 173 36.906 7.259 29.647 2.624 2.483 141 42.128 9.404 32.724 3.670 3.482 188 29 30 31 32 33 34 21.186 18.174 3.012 20.427 17.081 3.346 21.076 17.387 3.689 21.973 17.454 4.519 21.308 17.049 4.259 22.382 17.850 4.532 23.298 18.447 4.851 25.244 19.794 5.450 27.023 21.092 5.931 29.054 21.859 7.195 35 36 37 1.212 1.288 1.977 1.302 1.249 654 1.075 1.901 1.934 2.531 38 (1) LINES 1 AN 2 INCLUDE INCREASES IN SDR THROUGH ALLOCATIONS, WHICH OCCURRED IN JANUARY OF 1970, 1971, 1972, AND 1978. ALSO INCLUDED IN THE TABLE ARE REVALUATIONS OF FOREIGN CURRENCY HOLDINGS, GOLD, SDR'S AND IMF POSITION. THESE ALLOCATIONS AND REVALUATIONS ARE EXCLUDED FROM TABLES ON FLOWS. (2) TREASURY GOLD STOCK. MILLIONS OF DOLLARS OCTOBER 1979 MONETARY AND INSURANCE RESERVES MONETARY AND INSURANCE RESERVES 131 FOREIGN EXCHANGE, TREASURY CURRENCY, INSURANCE RESERVES, AND INTERBANK CLAIMS YEAR-END OUTSTANDINGS, 1969-78 YEAR-END OUTSTANDINGS, 1969-78 1970 1969 1971 1972 1973 1974 1975 1976 1977 1978 GOLD AND OFFICIAL FOREIGN EXCHANGE HOLDINGS (1) 1 16.964 14.487 12.167 13.151 14.378 15.883 16.226 18.747 19.317 18.650 TOTAL U.S. RESERVES 1 2 3 4 11.859 1.492 10.367 11.923 1.191 10.732 11.306 1.174 10.132 12.445 2.035 10.410 13.818 2.251 11.567 14.026 2.374 11.652 13.934 2.335 11.599 13.993 2.395 11.598 14.348 2.630 11.718 13.229 1.558 11.671 U.S. GOLD STOCK AND SDR'S U.S. GOVT.—EX. STAB. FUND MONETARY AUTHORITY (2) 2 3 4 5 5. 105 2.564 861 706 560 1.857 2.292 4.754 4.96 9 5.421 U.S. FOREIGN EXCHANGE POSITION 5 6 7 8 2.781 814 1.967 629 372 257 276 259 17 241 49 192 8 4 4 5 3 2 80 0 80 320 150 170 18 0 18 4.374 2.768 1.606 OFFICIAL FGN. CURRENCY HLDGS TREASURY MONETARY AUTHORITY 6 7 8 9 10 11 2.324 2.385 -61 1.935 2.010 -75 585 661 -76 465 543 -78 552 632 -80 1.852 1.935 -83 2.212 2.236 -24 4.434 4.459 -25 4.951 4.973 -22 1.047 1.076 -29 NET IMF POSITION U.S. GOVERNMENT ASSET MONETARY AUTHORITY 12 13 14 41.015 11.859 29.156 44.689 11.923 32.766 48.069 11.306 36.763 55.870 12.445 43.425 61.088 13.818 47.270 61.028 14.026 47.002 60.978 13.934 47.044 60.538 13.993 46.545 60.488 14.348 46.140 60.488 13.229 47.259 TOTAL WORLD GOLD + SDR'S U.S., AS ABOVE REST OF THE WORLD 9.859 12.010 -2.151 10.159 12.581 -2.422 10.683 13.146 -2.463 TOTAL U.S. GOVT. LIABILITY MONETARY AUTHORITY ASSET UNALLOCATED ASSETS 9 10 11 12 13 14 TREASURY CURRENCY AND SDR CERTIFICATES 1 2 3 5.334 6.848 -1.514 5.956 7.549 -1.593 6.446 8.027 -1.581 6.979 8.713 -1.734 7.401 9.116 -1.715 7.733 9.653 -1.920 8.670 10.612 -1.942 1 2 3 INSURANCE AND PENSION FUND RESERVES LIFE INSURANCE RESERVES: 1 2 3 125.023 7.252 117.771 130.488 7.358 123.130 136.836 7.429 129.407 143.693 7.581 136.112 151.282 7.756 143.526 157.961 7.871 150.090 166.622 8.009 158.613 175.018 8.195 166.823 186.499 8.416 178.083 198.515 8.738 189.777 TOTAL LIABILITIES U.S. GOVERNMENT LIFE INSURANCE COMPANIES 1 2 3 4 125.023 130.488 136.836 143.693 151.282 157.961 166.622 175.018 186.499 198.515 TOTAL ASSETS (HOUSEHOLDS) 4 PENSION FUND RESERVES: 5 6 7 8 9 10 11 12 218.679 25.147 20.767 4.380 193.532 37.900 102.385 53.247 239.400 27.528 23.025 4.503 211.872 41.175 110.394 60.303 275.814 30.371 25.998 4.373 245.443 46.350 130.121 68.972 322.339 33.364 29.089 4.275 288.975 52.300 156.089 80.586 310.588 35.499 31.418 4.081 275.089 56.085 134.349 84.655 302.539 38.238 34.375 3.863 264.301 60.810 115.508 87.983 365.732 41.896 38.530 3.366 323.836 72.210 146.824 104.802 427.934 46.449 43.109 3.340 381.485 88.990 171.897 120.598 465.492 52.877 49.968 2.909 412.615 101.520 178.541 132.554 530.489 59.778 56.703 3.075 470.711 119.110 198.628 152.973 TOTAL LIABILITIES U.S. GOVERNMENT EMPLOYEE RETIREMENT RAILROAD RETIREMENT INSURANCE SECTOR LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT, RTR. FUNDS 5 6 7 8 9 10 11 12 13 218.679 239.400 275.814 322.339 310.588 302.539 365.732 427.934 465.492 530.489 TOTAL ASSETS (HOUSEHOLDS) 13 NET INTERBANK CLAIMS 1 52.282 49.305 47.564 44.469 44.111 44.172 35.241 26.039 22.617 38.142 2 3 4 29.405 22.085 7.320 31.197 24.150 7.047 35.329 27.788 7.541 34.295 25.647 8.648 37.748 27.060 10.688 37.483 25.843 11.640 38.304 26.052 12.252 37.279 25.158 12.121 40.792 26.870 13.922 46.693 31.223 15.470 5 6 7 8 9 10 11 22.877 3.623 16. 844 17.263 12.529 13. 242 713 18.108 4.596 10.456 11.016 6.523 7.236 713 12.235 4.382 5.846 6.616 1.642 2.300 658 10.174 5.955 6.787 7.843 1.116 2.113 997 6.363 4.357 4.097 5.486 244 1.886 1.642 6.689 2.300 3.862 6. 123 -1.345 4.464 5.809 -3.063 3.917 -5.997 -1.885 -8.484 3.665 12.149 -11.240 2.626 -11.847 -5.918 -15.450 4.323 19.773 -18.175 4.075 -12.667 -4.711 -16.736 7.806 24.542 -8.551 7.688 -7.244 240 -15.521 12.161 27.682 12 13 14 4. 734 6.013 1.279 4.493 6.252 1.759 4.974 6.967 1.993 6.727 9.750 3.023 5.242 9.494 4.252 7.468 13.983 6.515 6.599 14.841 8.242 9.532 18.814 9.282 12.025 24.398 12.373 15.761 31.472 15.711 15 16 17 419 363 56 560 450 110 770 625 145 1.056 647 409 1.389 686 703 2.261 1.332 929 4.112 2.607 1.505 5.929 4.526 1.403 7.956 4.934 3.022 7.484 4.081 3.403 18 19 20 21 22 23 24 2.410 4.695 5.282 585 2.287 2.410 587 3.056 6.045 7.108 6 82 3.370 3.056 1.063 2.007 4.578 7.610 991 4.612 2.007 3.032 -2.568 -953 5.436 599 7.405 -2.568 6.389 -2.091 -4.926 9.749 189 11.651 -2.091 14.675 527 -5.106 16.742 4 16.211 527 21.848 -983 -5.049 16.738 4 17.717 -983 21.787 -2.019 -5.230 20.485 4 22.500 -2.019 25.715 -9.583 -11.690 19.050 4 28.629 -9.583 30.740 -8.995 -13.874 32.118 4.500 36.613 -8.995 45.992 TOTAL LIABILITIES MONETARY AUTHORITY MEMBER BANK RESERVES VAULT CASH COMMERCIAL BANKING TO MONETARY AUTHORITY TO FOREIGN BANKS, NET LIABILITIES, NET U.S.-CHARTERED BANKS DUE FGN. AFFILIATES LESS: DUE FROM AFF. FGN. BKG. OFF. IN U.S. DUE FGN. AFFILIATES LESS: DUE FROM AFF. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 LESS: DEP. AT FGN. BANKS 15 16 U.S.-CHARTERED BANKS FGN. BKG. OFF. IN U.S. 17 TO U.S. BANKING, NET U.S.-CHARTERED BANKS LIABILITIES TO DOM. AFFILIATES TO FGN. OFFICES UNALLOCATED LESS:DUE FROM FGN OFF. 18 19 20 21 22 23 24 25 -585 -682 -991 -599 -189 -4 -4 -4 -4 -4.500 DOMESTIC AFFILIATES 26 27 28 -1.700 587 2.287 -2.307 1.063 3.370 -1.580 3.032 4.612 -1.016 6.389 7.405 3.024 14.675 11.651 5.637 21.848 16.211 4.070 21.787 17.717 3.215 25.715 22.500 2.111 30.740 28.629 9.379 45.992 36.613 FGN. BKG. OFF. IN U.S. 26 DUE TO U.S. BANKS 27 LESS:DUE FROM U.S. BKS 28 29 30 31 32 33 34 49.872 16.844 33.028 3.623 3.440 183 46.249 10.456 35.793 4.596 4.261 335 45.557 5.846 39.711 4.382 4.343 39 47.037 6.787 40.250 5.955 3.974 1.981 46.202 4.097 42.105 4.357 3.099 1.258 43.645 3.862 39.783 2.300 2.001 299 36.224 -5.997 42.221 3.917 3.688 229 28.058 -11.847 39.905 2.626 2.601 25 32.200 -12.667 44.867 4.075 3.810 265 47.137 -7.244 54.381 7.688 6.516 1.172 35 36 37 29.405 22.085 7.320 31.197 24.150 7.047 35.329 27.788 7.541 34.295 25.647 8.648 37.748 27.060 10.688 37.483 25.843 11.640 38.304 26.052 12.252 37.279 25.158 12.121 40.792 26.870 13.922 46.693 31.223 15.470 38 2.410 3.056 2.007 -2.568 -2.091 527 -983 -2.019 -9.583 -8.995 TOTAL ASSETS REST OF THE WORLD DOMESTIC MONETARY AUTHORITY F.R. FLOAT LOANS TO MEMBER BANKS U.S.-CHARTERED BANKS MEMBER BANK RESERVES VAULT CASH DISCREPANCY-FLOATS, ETC. (1) LINES 1 AN 2 INCLUDE INCREASES IN SDR THROUGH ALLOCATIONS, WHICH OCCURRED IN JANUARY OF 1970, 1971, 1972, AND 1978. ALSO INCLUDED IN THE TABLE ARE REVALUATIONS OF FOREIGN CURRENCY HOLDINGS, GOLD, SDR'S AND IMF POSITION. THESE ALLOCATIONS AND REVALUATIONS ARE EXCLUDED FROM TABLES ON FLOWS. 12) TREASURY GOLD STOCK. MILLIONS OF DOLLARS 25 29 30 31 32 33 34 35 36 37 38 OCTOBER 1979 MONEY AND DEPOSITS SUMMARY 132 MONEY AND DEPOSITS SUMMARY MONEY STOCK AND TIME AND SAVINGS ACCOUNTS YEAR-END OUTSTANDINGS, 1949-58 YEAR-END OUTSTANDINGS, 1949-58 1949 1950 1951 1952 1953 1955 1954 1956 1957 1958 DEMAND DEPOSITS AND CURRENCY 1 TOTAL ASSETS 2 3 4 5 6 7 8 9 MONEY STOCK REST OF THE WORLD DOMESTIC SECTORS HOUSEHOLDS NONFINANCIAL BUSINESS FARM NONFARM NONCORPORATE CORPORATE ST.+LOC. GOVERNMENTS FINANCIAL SECTORS MAIL FLOAT 10 11 12 13 U.S. GOVERNMENT 14 TOTAL BANKING SYSTEM LIABILITY MONETARY AUTHORITIES 15 16 U.S. GOVT. CASH + DEPOSITS 17 FOREIGN DEPOSITS CURRENCY 18 19 20 21 22 23 24 25 26 COMMERCIAL BANKING COMMERCIAL BANKS U.S. GOVERNMENT DEPOSITS FOREIGN DEPOSITS OTHER FOREIGN BANKING OFFICES FOREIGN DEPOSITS PRIVATE DOMESTIC 118.854 124.099 131.303 137.801 137.831 142.431 144.724 146.563 145.947 151.673 1 113.650 1.988 111.662 53.738 40.218 7.000 10.315 22.903 119.332 2.035 117.297 56.145 41.760 7.000 10.538 24.222 126.427 1.700 124.727 60.299 43.836 7.200 10.777 25.859 131.201 1.950 129.251 62.349 44.170 7.100 10.429 26.641 132.578 1.498 131.080 63.472 43.927 7.000 10.377 26.550 136.900 1.708 135.192 65.218 46.136 6.900 10.907 28.329 139.854 1.532 138.322 66.115 47.382 6.900 11.200 29.282 141.614 1.753 139.861 67.751 47.239 6.700 11.549 28.990 140.807 2.102 138.705 66.600 47.980 6.600 12.356 29.024 146.382 2.006 144.376 68.792 50.624 6.900 13.641 30.083 2 3 4 5 6 7 8 9 6.044 5.339 6.323 6.495 6.001 6.896 6.890 6.594 7.108 7.193 6.771 8.768 7.577 7.116 8.988 7.943 7.415 8.480 7.982 7.819 9.024 7.438 7.951 9.482 6.781 8.190 9.154 6.564 8.842 9.554 10 11 12 5.204 4.767 4.876 6.600 5.253 5.531 4.870 4.949 5.140 5.291 13 118.854 28.525 2.133 807 25.585 124.099 28.175 1.961 647 25.567 131.303 28.560 1.517 534 26.509 137.801 29.899 1.659 560 27.680 137.831 29.806 1.107 430 28.269 142.431 29.893 1.359 494 28.040 144.724 30.046 1.161 409 28.476 146.563 30.070 1.216 32 5 28.529 145.947 30.106 1.242 365 28.499 151.673 30.264 1.041 279 28.944 14 15 16 17 18 90.329 90.165 3.071 1.124 85.970 95.924 95.691 2.806 1.314 91.571 102.743 102.435 3.359 1.067 98.009 107.902 107.542 4.941 1.275 101.326 108.025 107.644 4.146 948 102.550 112.538 112.081 4.172 1.075 106.834 114.678 114.202 3.709 981 109.512 116.493 115.934 3.733 1.258 110.943 115.841 115.203 3.898 1.558 109.747 121.409 120.791 4.250 1.529 115.012 19 20 21 22 23 164 57 107 233 74 159 308 99 209 360 115 245 381 120 261 457 139 318 476 142 334 559 170 389 638 179 459 618 198 420 24 25 26 TIME DEPOSITS AND SAVINGS ACCOUNTS 68.918 71.600 76.460 84.677 93.838 104.352 112.789 122.149 134.404 151.241 1 2 3 4 5 6 7 COMMERCIAL BANKING LIABILITY LARGE NEGOTIABLE CD'S OTHER AT COMMERCIAL BANKS LARGE SMALL AT FOREIGN BANKING OFFICES 36.458 0 36.385 NA NA 73 36.733 0 36.640 NA NA 93 38.378 0 38.270 NA NA 108 41.521 0 41.361 NA NA 160 44.916 0 44.706 NA NA 210 48.712 0 48.453 NA NA 259 50.019 0 49.772 NA NA 247 52.061 0 51.758 NA NA 303 57.427 0 57.188 NA NA 239 65.365 0 65.144 NA NA 221 2 3 4 5 6 7 8 9 10 11 12 HELD BY: HOUSEHOLDS NONFIN. CORPORATE BUSINESS STATE + LOCAL GOVERNMENTS FOREIGN U.S. GOVERNMENT 32.137 900 1.290 1.727 182 32.130 900 1.391 1.954 190 33.804 900 1.543 1.666 278 36.616 900 1.628 1.807 351 39.066 900 1.957 2.408 342 41.653 1.100 2.419 2.900 370 43.283 1.000 2.356 2.799 357 45.515 1.000 2.400 2.657 330 50.685 1.000 2.783 2.533 301 55.975 1.900 3.589 3.414 327 8 9 10 11 12 222 0 222 0 0 0 168 0 168 0 0 0 187 0 187 0 0 0 219 0 219 0 0 0 243 0 243 0 0 0 270 0 270 0 0 0 224 0 224 0 0 0 159 0 159 0 0 0 125 0 125 0 0 0 160 0 160 0 0 0 13 14 15 16 17 18 32.460 19.287 701 12.472 12.373 99 34.867 20.025 850 13.992 13.886 106 38.082 20.900 1.075 16.107 15.850 257 43.156 22.610 1.351 19.195 18.856 339 48.922 24.388 1.688 22.846 22.436 410 55.640 26.351 2.037 27.252 26.686 566 62.770 28.182 2.446 32.142 31.446 696 70.088 30.026 2.914 37.148 36.286 862 76.977 31.684 3.381 41.912 40.913 999 85.876 34.031 3.869 47.976 46.641 1.335 19 20 21 22 23 24 64.498 66.891 71.629 79.433 87.578 96.727 105.357 114.741 126.663 140.516 25 1 TOTAL HELD 13 14 15 16 17 18 FINANCIAL INSTITUTIONS SVGS + LN ASSOC. MUTUAL SAVINGS BANKS CREDIT UNIONS PRIVATE PENSION FUNDS MONEY MARKET FUNDS AT SAVINGS INSTITUTIONS MUTUAL SAVINGS BANKS CREDIT UNIONS SAVINGS + LOAN ASSNS. HELD BY: HOUSEHOLDS CREDIT UNIONS MEMO: TOTAL OF HOUSEHOLDS 25 TIME + SAVINGS ACCOUNTS 19 20 21 22 23 24 MEMO: TIME DEPOSITS AT COMMERCIAL BANKS— 26 TOTAL LARGE COVER $100,000) NA 27 TOTAL SMALL NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA 26 27 MONEY MARKET MUTUAL FUND SHARES 1 MONEY MARKET FUND SHARES LIAB.: FINANCE N.E.C. ASSET: HOUSEHOLDS 2 MEMO: TOTAL HOUSEHOLD DEPOSITS 0 0 118.236 123.036 0 0 0 0 0 0 0 0 1 131.928 141. 782 151.050 161.945 171.472 182.492 193.263 209.308 2 FEDERAL FUNDS AND SECURITY REPURCHASE AGREEMENTS -82 -82 0 -61 -61 0 7 7 0 22 22 0 37 37 0 -20 -20 0 -205 -205 0 -210 -210 0 -313 -313 0 -252 -252 0 1 2 3 4 TOTAL ASSETS 5 NONFINANCIAL CORPORATIONS 6 STATE ♦ LOCAL GOVTS. 7 FEDERALLY RELATED CREDIT AG. 8 SAVINGS + LOAN ASSNS. 9 MUTUAL SAVINGS BANKS 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 40 0 0 40 0 0 18 0 0 18 0 0 18 0 0 18 0 0 0 0 0 0 0 0 4 5 6 7 8 9 0 DISCREPANCY-UNALLOCATED ASSETS -82 -61 7 22 37 -20 -245 -228 -331 -252 10 1 TOTAL LIABILITIES 2 COMMERCIAL BANKS 3 SAVINGS + LOAN ASSNS. MILLIONS OF DOLLARS OCTOBER 1979 MONEY AND DEPOSITS SUMMARY MONEY AND DEPOSITS SUMMARY 133 MONEY STOCK AND TIME AND SAVINGS ACCOUNTS YEAR-END OUTSTANDINGS, 1959-68 YEAR-END OUTSTANDINGS, 1959-68 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 DEMAND DEPOSITS AND CURRENCY 1 153.664 155.482 161.387 166.601 171.564 180.306 187.485 191.651 206.645 221.473 2 3 4 5 6 7 8 9 147.719 2.140 145.579 71.500 48.103 6.200 12.707 29.196 148.675 2.122 146.553 73.179 46.458 5.800 12.415 28.243 154.554 3.098 151.456 71.826 49.988 5.800 12.515 31.673 158.466 3.233 155.233 71.187 52.979 5.900 12.515 34.564 163.775 3.499 160.276 75.705 51.642 5.700 12.515 33.427 172.210 4.458 167.752 81.007 51.153 5.900 12.515 32.738 180.532 4.583 175.949 88.442 51.568 6.000 12.515 33.053 185.067 4.963 180.104 90.812 50.886 6.000 12.515 32.371 198.944 5.290 193.654 100.663 53.432 6.100 12.515 34.817 215.065 5.851 209.214 111.551 56.346 6.300 12.515 37.531 10 11 12 8.258 8.711 9.007 8.418 9.089 9.409 8.830 10.251 10.561 9.364 11.208 10.495 10.877 11.249 10.803 12.509 11.454 11.629 12.127 11.837 11.975 12.975 11.495 13.936 14.128 11.997 13.434 13.913 12.757 14.647 13 5.945 6.807 6.833 8.135 7.789 8.096 6.953 6.584 7.701 6.408 14 15 16 17 18 153.664 30.826 895 353 29. 578 155.482 30.612 862 226 29.524 161.387 31.412 887 294 30.231 166.601 32.090 977 292 30.821 171.564 34.890 1.241 216 33.433 180.306 36.942 1.586 269 35.087 187.485 38.834 1.428 201 37.205 191.651 41.210 1.592 405 39.213 206.645 44.099 2.467 396 41.236 221.473 45.642 1.398 477 43.767 TOTAL BANKING SYSTEM LIABILITY MONETARY AUTHORITIES U.S. GOVT. CASH + DEPOSITS FOREIGN DEPOSITS CURRENCY 14 15 16 17 18 19 20 21 22 23 122.838 121.810 5.050 1.525 115.235 124.870 123.722 5.945 1.649 116.128 129.975 128.746 5.946 2.586 120.214 134.511 133.317 7.158 2.740 123.419 136.674 135.577 6.548 3.064 125.965 143.364 141.532 6.510 3.897 131.125 148.651 146.990 5.525 4.065 137.400 150.441 148.597 4.992 4.251 139.354 162.546 160.572 5.234 4.562 150.776 175.831 172.726 5.010 4.836 162.880 COMMERCIAL BANKING COMMERCIAL BANKS U.S. GOVERNMENT DEPOSITS FOREIGN DEPOSITS OTHER 19 20 21 22 23 24 25 26 1.028 262 766 1.148 247 901 1.229 218 1.011 1.194 201 993 1.097 219 878 1.832 292 1.540 1.661 317 1.344 1.844 307 1.537 1.974 332 1.642 3.105 538 2.567 TOTAL ASSETS MONEY STOCK REST OF THE WORLD DOMESTIC SECTORS HOUSEHOLDS NONFINANCIAL BUSINESS FARM NONFARM NONCORPORATE CORPORATE ST.+LOC. GOVERNMENTS FINANCIAL SECTORS MAIL FLOAT U.S. GOVERNMENT FOREIGN BANKING OFFICES FOREIGN DEPOSITS PRIVATE DOMESTIC 1 2 3 4 5 6 7 8 9 10 11 12 13 24 25 26 TIME DEPOSITS AND SAVINGS ACCOUNTS 1 161.121 176.347 197.073 225.735 255.266 285.592 318.665 338.880 379.465 412.906 2 3 4 5 6 7 67.120 0 66.873 3.955 62.918 247 72.881 1.095 71.499 4.096 67.403 287 82.272 3.223 78.719 4.485 74.234 330 97.832 6.200 91.297 5.094 86.203 335 112.187 9.879 101.911 5.802 96.109 397 126.631 12.585 113.623 9.124 104.499 423 146.617 16.251 129.868 11.900 117.968 498 159.834 15.659 143.639 14.752 128.887 536 183.748 20.330 162.771 18.570 144.201 647 204.469 23.468 180.200 22.449 157.751 801 COMMERCIAL BANKING LIABILITY LARGE NEGOTIABLE CD'S OTHER AT COMMERCIAL BANKS LARGE SMALL AT FOREIGN BANKING OFFICES 8 9 10 11 12 59.499 1.500 3. 179 2. 575 285 62.078 3.000 4.557 2.859 262 69.344 4.100 5.465 2.911 284 82.544 5.000 6.450 3.409 269 93.746 5.687 8.093 4.260 260 104.137 6.671 9.812 5.515 272 118.896 8.993 12.186 6.081 250 130.743 8.603 13.462 6.413 220 149.430 9.682 15.892 7.679 267 167.555 9.056 19.110 7.409 368 HELD BY: HOUSEHOLDS 8 NONFIN. CORPORATE BUSINESS 9 STATE + LOCAL GOVERNMENTS 10 FOREIGN 11 U.S. GOVERNMENT 12 13 14 15 16 17 18 82 0 82 0 0 0 125 0 125 0 0 0 168 0 168 0 0 0 160 0 160 0 0 0 141 0 141 0 0 0 224 0 224 0 0 0 211 0 211 0 0 0 393 80 171 0 142 0 798 168 205 0 425 0 971 237 157 0 577 0 19 20 21 22 23 24 94.001 34.977 4.441 54.583 53.135 1.448 103.466 36.343 4.981 62.142 60.700 1.442 114.801 38.277 5.639 70.885 69.131 1.754 127.903 41.336 6.331 80.236 78.317 1.919 143.079 44.606 7.165 91.308 89.262 2.046 158.961 48.849 8.225 101.887 99.651 2.236 172.048 52.443 9.220 110.385 108.133 2.252 179.046 55.006 10.071 113.969 111.896 2.073 195.717 60.121 11.103 124.493 122.227 2.266 208.437 64.507 12.312 131.618 129.513 2.105 25 152.052 164.102 182.391 208.528 234.779 260.862 288.692 307.716 342.881 373.887 30.411 128.887 38.900 144.201 MEMO: TIME DEPOSITS AT COMMERCIAL BANKS— 45.917 TOTAL LARGE (OVER $100,000) 26 157.751 TOTAL SMALL 27 26 27 3.955 62.918 5.191 67.403 7.708 74.234 11.294 86.203 15.681 96.109 21.709 104.499 28.151 117.968 TOTAL HELD FINANCIAL INSTITUTIONS SVGS + LN ASSOC. MUTUAL SAVINGS BANKS CREDIT UNIONS PRIVATE PENSION FUNDS MONEY MARKET FUNDS AT SAVINGS INSTITUTIONS MUTUAL SAVINGS BANKS CREDIT UNIONS SAVINGS + LOAN ASSNS. HELD BY: HOUSEHOLDS CREDIT UNIONS MEMO: TOTAL OF HOUSEHOLDS TIME + SAVINGS ACCOUNTS 1 2 3 4 5 6 7 13 14 15 16 17 18 19 20 21 22 23 24 25 MONEY MARKET MUTUAL FUND SHARES 1 0 0 0 0 0 0 0 0 0 0 2 223.552 237.281 254.217 279.715 310.484 341.869 377.134 398.528 443.544 485.438 MONEY MARKET FUND SHARES LIAB.: FINANCE N.E.C. ASSET: HOUSEHOLDS MEMO: TOTAL HOUSEHOLD DEPOSITS 1 2 FEDERAL FUNDS AND SECURITY REPURCHASE AGREEMENTS 1 2 3 -28 -28 0 -262 -262 0 14 14 0 63 63 0 26 26 0 540 540 0 1.749 1.749 0 1.674 1.674 0 1.659 1.659 0 2.586 2.5 86 0 TOTAL LIABILITIES COMMERCIAL BANKS SAVINGS + LOAN ASSNS. 1 2 3 4 5 6 7 8 9 0 0 0 0 0 0 3 0 0 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 336 309 0 27 0 0 593 593 0 0 0 0 944 895 0 49 0 0 670 670 0 0 0 0 1.240 1.121 0 12 0 107 TOTAL ASSETS NONFINANCIAL CORPORATIONS STATE + LOCAL GOVTS. FEDERALLY RELATED CREDIT AG. SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS 4 5 6 7 8 9 10 -28 -265 14 63 26 204 1.156 730 98 9 1.346 DISCREPANCY-UNALLOCATED ASSETS 10 MILLIONS OF DOLLARS OCTOBER 1979 MONEY AND DEPOSITS SUMMARY 134 MONEY AND DEPOSITS SUMMARY MONEY STOCK AND TIME AND SAVINGS ACCOUNTS YEAR-END OUTSTANDINGS, 1969-78 YEAR-END OUTSTANDINGS, 1969 1970 1971 1972 1973 1974 1969-78 1975 1976 1977 1978 DEMAND DEPOSITS AND CURRENCY 1 TOTAL ASSETS 2 3 4 5 6 7 8 9 MONEY STOCK REST OF THE WORLD DOMESTIC SECTORS HOUSEHOLDS NONFINANCIAL BUSINESS FARM NONFARM NONCORPORATE CORPORATE 10 11 12 ST.+LOC. GOVERNMENTS FINANCIAL SECTORS MAIL FLOAT 229.376 241.750 259.284 283.187 300.595 307.201 322.850 346.011 376.979 405.314 1 222.353 6.175 216.178 108.969 62.037 6.400 12.515 43.122 232.225 6.696 225.529 117.754 63.089 6.515 12.515 44.059 246.631 6.503 240.128 129.790 61.734 6.638 12.515 42.581 270.117 8.270 261.847 142.159 64.353 6.900 12.515 44.938 287.874 11.165 276.709 156.053 65.930 7.100 12.515 46.315 299.099 13.991 285.108 162.996 67.227 6.940 12.515 47.772 311.970 13.675 298.295 166.930 73.452 7.010 12.515 53.927 332.135 16.870 315.265 181.872 74.994 7.015 12.515 55.464 362.158 19.270 342.888 203.720 75.924 7.100 12.515 56.309 386.803 19.022 367.781 222.055 81.335 7.200 12.515 61.620 2 3 4 5 6 7 8 9 15.326 12.407 17.439 12.472 12.871 19.343 13.498 13.735 21.371 15.181 15.276 24.878 14.858 15.626 24.242 14.167 15.866 24.852 14.267 16.426 27.220 13.622 17.254 27.523 15.040 19.506 28.698 13.901 22.121 28.369 10 11 12 7.023 9.525 12.653 13.070 12.721 8.102 10.880 13.876 14.821 18.511 13 14 TOTAL BANKING SYSTEM LIABILITY 15 MONETARY AUTHORITIES 16 U.S. GOVT. CASH + DEPOSITS 17 FOREIGN DEPOSITS CURRENCY 18 229.376 48.911 1.969 377 46.565 241.750 51.979 1.587 346 50.046 259.284 56.387 2.484 465 53.438 283.187 60.437 2.200 369 57.868 300.595 64.968 2.859 300 61.809 307.201 71.924 3.298 523 68.103 322.850 82.547 7.768 484 74.295 346.011 93.096 10.853 647 81.596 376.979 98.013 7.506 618 89.889 405.314 104.285 4.436 674 99.175 14 15 16 17 18 19 20 21 22 23 180.465 177.372 5.054 5.205 167.113 189.771 182.498 7.938 5.729 168.831 202.897 195.471 10.169 5.233 180.069 222.750 218.506 10.870 6.340 201.296 235.627 231.119 9.862 8.566 212.691 235.277 229.615 4.804 10.637 214.174 240.303 234.065 3.112 10.178 220.775 252.915 244.310 3.023 11.857 229.430 278.966 267.342 7.315 13.533 246.494 301.029 286.946 14.075 13.485 259.386 19 20 21 22 23 3.093 593 2.500 7.273 621 6.652 7.426 805 6.621 4.244 1.561 2.683 4.508 2.299 2.209 5.662 2.831 2.831 6.238 3.013 3.225 8.605 4.366 4.239 11.624 5.119 6.505 14.083 4.863 9.220 24 25 26 13 24 25 26 U.S. GOVERNMENT COMMERCIAL BANKING COMMERCIAL BANKS U.S. GOVERNMENT DEPOSITS FOREIGN DEPOSITS OTHER FOREIGN BANKING OFFICES FOREIGN DEPOSITS PRIVATE DOMESTIC TIME DEPOSITS AND SAVINGS ACCOUNTS 411.489 466.560 548.449 636.966 715.481 794.442 884.164 993.624 1118.174 1242.253 1 2 3 4 5 6 7 COMMERCIAL BANKING LIABILITY LARGE NEGOTIABLE CD'S OTHER AT COMMERCIAL BANKS LARGE SMALL AT FOREIGN BANKING OFFICES 195.125 10.919 183.174 18.850 164.324 1.032 233.090 26.074 205.608 29.119 176.489 1.408 274.453 34.759 238.026 34.191 203.835 1.668 316.963 44.519 270.029 42.946 227.083 2.415 367.654 64.531 299.747 63.070 236.677 3.376 425.249 93.046 327.703 78.890 248.813 4.500 455.535 82.898 364.753 75.532 289.221 7.884 495.830 65.393 422.171 69.306 352.865 8.266 550.525 77.382 462.661 80.668 381.993 10.482 615.567 99.960 498.704 108.429 390.275 16.903 2 3 4 5 6 7 8 9 10 11 12 HELD BY: HOUSEHOLDS NONFIN. CORPORATE BUSINESS STATE + LOCAL GOVERNMENTS FOREIGN U.S. GOVERNMENT 168.402 3.652 13.220 8.789 211 195.357 5.347 23.225 7. 125 463 223.505 9.509 30.384 7.454 520 252.378 11.890 37.161 10.580 606 287.688 16.623 44.385 13.392 439 322.594 20.464 50.087 21.123 477 347.194 22.351 48.113 22.579 572 387.389 24.413 50.212 20.680 731 427.637 29.215 57.182 21.006 878 471.694 31.174 65.266 22.151 942 8 9 10 11 12 851 200 56 0 595 0 1.573 575 300 0 698 0 3.081 2.293 452 0 336 0 4.348 3.371 637 50 290 0 5.127 2.908 823 312 1.084 0 10.504 3.590 1.033 512 3.749 1.620 14.726 8.110 1.089 978 2.410 2.139 12.405 6.685 1.089 812 2.332 1.487 14.607 6.811 335 862 4.806 1.793 24.340 7.200 684 877 10.303 5.276 13 14 15 16 17 18 216.364 67.086 13.740 135.538 133.874 1.664 233.470 71.580 15.486 146.404 144.324 2.080 273.996 81.441 18.358 174.197 171.213 2.984 320.003 91.613 21.626 206.764 203.205 3.559 347.827 96.347 24.512 226.968 224.058 2.910 369.193 98.701 27.518 242.974 239.696 3.278 428.629 109.873 33.013 285.743 282.473 3.270 497.794 122.877 39.005 335.912 332.579 3.333 567.649 134.017 46.832 386.800 382.591 4.209 626.686 142.629 53.048 431.009 428.888 2.121 19 20 21 22 23 24 383.102 426.747 494.517 568.822 632.605 688.509 772.553 881.850 991.077 1096.259 25 MEMO: TIME DEPOSITS AT COMMERCIAL BANKS— TOTAL LARGE (OVER $100,000) 29.769 26 27 TOTAL SMALL 164.324 55.193 176.489 68.950 203.835 87.465 227.083 127.601 236.677 171.936 248.813 158.430 289.221 134.699 352.865 158.050 381.993 208.389 390.275 26 27 3.686 3.887 10.808 1 943.179 1067.408 1198.684 1329.122 2 1 TOTAL HELD 13 14 15 16 17 18 FINANCIAL INSTITUTIONS SVGS + LN ASSOC. MUTUAL SAVINGS BANKS CREDIT UNIONS PRIVATE PENSION FUNDS MONEY MARKET FUNDS 19 20 21 22 23 24 AT SAVINGS INSTITUTIONS MUTUAL SAVINGS BANKS CREDIT UNIONS SAVINGS + LOAN ASSNS. HELD BY: HOUSEHOLDS CREDIT UNIONS MEMO: TOTAL OF HOUSEHOLDS TIME + SAVINGS ACCOUNTS 25 MONEY MARKET MUTUAL FUND SHARES 1 MONEY MARKET FUND SHARES LIAB.: FINANCE N.E.C. ASSET: HOUSEHOLDS 2 MEMO: TOTAL HOUSEHOLD DEPOSITS 00000 492.071 544.501 624.307 710.981 788.658 2.379 853.884 3.696 FEDERAL 1FUNDS AND SECURITY REPURCHASE AGREEMENTS 1 TOTAL LIABILITIES 2 COMMERCIAL BANKS 3 SAVINGS + LOAN ASSNS. 8.122 8.122 0 3.968 3.968 0 7.675 7.675 0 10.537 10.237 300 27.201 26.901 300 30.273 28.473 1.800 31.801 29.926 1.875 45.635 43.816 1.819 58.131 54.377 3.754 79.030 73.146 5.884 1 2 3 4 TOTAL ASSETS 5 NONFINANCIAL CORPORATIONS 6 STATE + LOCAL GOVTS. 7 FEDERALLY RELATED CREDIT AG. 8 SAVINGS + LOAN ASSNS. 9 MUTUAL SAVINGS BANKS 3.840 3.311 0 193 0 336 1.642 234 0 966 0 442 2.597 1.077 0 352 508 660 5. 107 2.688 0 752 875 792 20.404 11.262 2.400 3.033 2.200 1.509 19.564 5.485 6.000 2.064 4. 806 1.209 18.418 4.731 7.000 1.777 3.800 1.110 22.654 7.048 7.000 2.062 5.000 1.544 27.894 8.256 8.000 2.218 7.300 2.120 39.360 13.729 10.000 3.641 9.000 2.990 4 5 6 7 8 9 10 DISCREPANCY-UNALLOCATED ASSETS 4.282 2.326 5.078 5.430 6.797 10.709 13.383 22.981 30.237 39.670 10 MILLIONS OF DOLLARS OCTOBER 1979 U.S. GOVT. SECURITIES U.S. GOVT. SECURITIES 135 U.S. GOVERNMENT SECURITIES MARKET SUMMARY YEAR-END OUTSTANDINGS, 1949-58 1949 1950 1951 YEAR-END OUTSTANDINGS, 1953 1952 1954 1955 1956 1957 1958 1949--58 TOTAL OUTSTANDING, BY SECTOR AND TYPE 1 2 3 219.124 217.670 1.454 218.351 216.491 1.860 218.151 216.053 2.098 223.573 221.418 2.155 230.597 228.438 2.159 232.978 230.836 2. 142 233.150 230.029 3.121 227.810 224.213 3.597 226.883 221.862 5.021 235.841 230.726 5.115 4 5 6 216.666 49.300 167.366 216.109 49.552 166.557 215.808 49.081 166.727 220.792 49.173 171.619 226.185 49.371 176.814 228.498 49.966 178.532 228.418 50.229 178.189 222.857 50.135 172.722 220.183 48.226 171.957 229.128 47.703 181.425 7 8 9 10 11 2.458 0 1. 004 1.004 0 2.242 0 382 382 0 2.343 0 245 245 0 2.781 0 626 626 0 4.412 0 2.253 2.253 0 4.480 0 2.338 2.338 0 4.732 570 1.041 1.041 0 4.953 570 786 786 0 6.700 1.372 307 307 0 6.713 797 801 801 0 12 13 1.447 7 1.828 32 2.055 43 2.102 53 2.099 60 2.064 78 3.005 116 3.448 149 4.848 173 4.925 190 TOTAL HOLDINGS,, TOTAL U.S.GOVERNMENT SECUR. U.S. GOVERNMENT SPON. AGENCIES + MTG.POOLS BY INSTRUMENT: TREASURY ISSUES household SAVINGS BONDS TREAS. EXCL. SAVINGS BONDS OTHER BUDGET AGENCY ISSUES LOAN PARTICIPATIONS (1) CCC CTFS. OF INTEREST OTHER SPONS. AGENCY ISSUES (2) MORTGAGE POOL SECUR. (2) 1 2 3 4 5 6 7 8 9 10 11 12 13 BY SECTOR AND TYPE 1 2 3 4 5 219.124 0 450 450 0 218.351 0 373 373 0 218.151 5 428 428 0 223.573 2 495 495 0 230.597 0 589 589 0 232.978 1 849 849 0 233.150 20 93 6 936 0 227.810 9 1.226 1.226 0 226.883 13 1.143 1.143 0 235.841 3 1.252 1.252 0 TOTAL HOLDINGS, BY SECTOR U.S. GOVT. (AGENCY SEC.I SPONSORED CREDIT AGENCIES TREASURY AGENCY SECURITIES 1 2 3 4 5 6 7 8 9 10 18.885 18.885 NA NA 0 20.778 20.778 NA NA 0 23.801 23.801 13.564 10.237 0 24.698 24.698 14.555 10.143 0 25.915 25.915 16.518 9.397 0 24.932 24.932 19.865 5.067 0 24.785 24.785 21.208 3.577 0 24.915 24.915 22.205 2.710 0 24.238 24.238 21.810 2.428 0 26.347 26.347 20.995 5.352 0 FEDERAL RESERVE SYSTEM TREASURY ISSUES SHORT-TERM MARKETABLE OTHER TREASURY AGENCY ISSUES 6 7 8 9 10 11 12 13 1. 867 1.259 608 3.062 1.510 1.552 2.982 2.111 871 4.050 2.876 1.174 4.535 3.444 1.091 4.778 3.678 1.100 5.838 4.209 1.629 6.686 5.151 1.535 6.864 5.371 1.493 6.958 5.372 1.586 FOREIGN SHORT-TERM MARKETABLE OTHER 11 12 13 14 15 16 17 18 19 197.922 195.464 49.300 -1.709 147.873 2.458 194.138 191.896 49.552 -1.883 144.227 2.242 190.935 188.597 49.081 35.670 103.846 2.338 194.328 191.549 49.173 46.443 95.933 2.779 199.558 195.146 49.371 59.680 86.095 4.412 202.418 197.939 49.966 41.116 106.857 4.479 201.571 196.859 50.229 43.076 103.554 4.712 194.974 190.030 50.135 47.164 92.731 4.944 194.625 187.938 48.226 54.345 85.367 6.687 201.281 194.571 47.703 52.310 94.558 6.710 TOTAL PRIVATE DOMESTIC TREASURY ISSUES HOUSEHOLD SAVINGS BONDS SHORT-TERM MARKETABLE OTHER TREASURY AGENCY ISSUES 14 15 16 17 18 19 20 21 22 23 24 25 26 89.832 89.478 49.300 40.178 NA NA 354 92.862 92.512 49.552 42.960 NA NA 350 93.133 92.625 49.081 43.544 15.154 28.390 508 94.054 93.462 49.173 44.289 18.281 26.008 592 97.332 96.680 49.371 47.309 22.734 24.575 652 95.005 94.211 49.966 44.245 20.025 24.220 794 102.387 100.831 50.229 50.602 27.501 23.101 1.556 100.426 98.346 50.135 48.211 27.421 20.790 2.080 100.589 97.253 48.226 49.027 30.561 18.466 3.336 97.783 95.015 47.703 47.312 27.669 19.643 2.768 PRIVATE DOMESTIC NONFINAN. TOTAL TREASURY ISSUES SAVINGS BONDS (HH) OTHER TREASURY ISSUES SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 20 21 22 23 24 25 26 27 28 29 30 31 32 33 68.847 68.688 49.300 19.388 NA NA 159 68.244 68.090 49.552 18.538 NA NA 154 67.351 67.040 49.081 17.959 3.391 14.568 311 67.835 67.577 49.173 18.404 4.767 13.637 258 68.494 68.399 49.371 19.028 7.502 11.526 95 66.941 66.840 49.966 16.874 4.538 12.336 101 69.313 68.701 50.229 18.472 5.243 13.229 612 71.070 69.974 50.135 19.839 7.169 12.670 1.096 71.707 69.926 48.226 21.700 10.202 11.498 1.781 68.417 67.197 47.703 19.494 7.438 12.056 1 .220 HOUSEHOLDS TOTAL TREASURY ISSUES SAVINGS BONDS OTHER TREASURY ISSUES SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 27 28 29 30 31 32 33 34 35 36 37 38 14.697 14.697 NA NA 0 17.870 17.870 NA NA 0 18.653 18.653 8.465 10.188 0 17.647 17.647 9.605 8.042 0 19.240 19.240 10.408 8.832 0 17.523 17.523 10.654 6.869 0 21.581 21.281 16.768 4.513 300 17.118 16.718 13.969 2. 749 400 16.389 15.589 13.591 1.998 800 16.692 16.092 13.801 2.291 600 NONFIN. CORPORATE BUSINESS TREASURY ISSUES SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 34 35 36 37 38 39 40 41 42 43 6.288 6. 093 NA NA 195 6.748 6.552 NA NA 196 7.129 6.932 3.298 3.634 197 8.572 8.238 3.909 4.329 334 9.598 9.041 4.824 4.217 557 10.541 9.848 4.833 5.015 693 11.493 10.849 5.490 5.359 644 12.238 11.654 6.283 5.371 584 12.493 11.738 6.76 8 4.970 755 12.674 11.726 6.430 5.296 948 S. + L. GOVERNMENTS TREASURY ISSUES SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 39 40 41 42 43 44 45 46 47 48 69.652 67.591 NA NA 2. 061 64.517 62.648 NA NA 1.869 63.985 62.178 17.584 44.594 1.807 66.144 64.034 24.482 39.552 2.110 67.725 64.124 32.880 31.244 3.601 73.299 69.748 18.035 51.713 3.551 65.198 62.316 12.994 49.322 2.882 61.743 59.344 16.604 42.740 2.399 61.420 59.010 19.824 39.186 2.410 70.174 67.189 19.995 47.194 2.985 49 50 51 69.066 265 321 63.896 327 294 63.331 402 252 65.428 445 271 67.027 435 263 72.532 490 277 64.474 46 5 259 60.951 518 274 60.649 487 284 69.361 510 303 52 53 54 55 56 38.438 38.395 NA NA 43 36.759 36.736 NA NA 23 33.817 33.794 2.932 30.862 23 34.130 34.053 3.680 30.373 77 34.501 34.342 4.066 30.276 159 34.114 33.980 3.056 30.924 134 33.986 33.712 2.581 31.131 274 32.805 32.340 3.139 29.201 465 32.616 31.675 3.960 27.715 941 33.324 32.367 4.646 27.721 957 (1) (2) MILLIONS OF DOLLARS COMMERCIAL BANKING TREASURY ISSUES SHORT-TERM OTHER AGENCY ISSUES COMMERCIAL BANKS FOREIGN BANKING OFFICES BANKS IN U.S. POSSESSIONS PRIVATE NONBANK FINANCE TREASURY ISSUES SHORT-TERM MARKETABLE OTHER AGENCY ISSUES WHERE NOT SHOWN SEPARATELY, LOAN PARTICIPATIONS ARE INCLUDEO WITH AGENCY ISSUES. THESE ISSUES ARE OUTSIDE THE BUDGET AND OUTSIDE THE U.S. GOVERNMENT SECTOR IN FLOW OF FUNDS ACCOUNTS. THEY ARE INCLUDED IN CREDIT MARKET DEBT OF FINANCIAL INSTITUTIONS. 44 45 46 47 48 49 50 51 52 53 54 55 56 OCTOBER 1979 U.S. GOVT. SECURITIES U.S. GOVT. 136 U.S. GOVERNMENT SECURITIES MARKET SUMMARY YEAR-END OUTSTANDINGS, 1959-68 YEAR-END OUTSTANDINGS, — 1959 1960 1961 1962 TOTAL 0U‘rSTANDING, 1 TOTAL U.S.GOVERNMENT SECUR. 2 U.S. GOVERNMENT SPON. AGENCIES + MTG.POOLS 3 BY INSTRUMENT: 4 TREASURY ISSUES 5 HOUSEHOLD SAVINGS BONDS 6 TREAS. EXCL. SAVINGS BONDS 7 8 9 10 11 12 13 SECURITIES OTHER BUDGET AGENCY ISSUES LOAN PARTICIPATIONS (I) CCC CTFS. OF INTEREST OTHER SPONS. AGENCY ISSUES MORTGAGE POOL SECUR. (2) (2) 1963 1964 1959-68 1965 1966 1967 1968 BY SECTOR AND TYPE 244.812 237.488 7.324 243.084 235.022 8.062 250.765 242.001 8.764 259.135 248.734 10.401 264.694 252.645 12.049 271.405 258.844 12.561 275.304 260.589 14.715 284.498 264.280 20.218 297.681 277.343 20.338 315.082 290.977 24.105 1 2 3 236.539 45.907 190.632 234.334 45.642 188.692 241.006 46.445 194.561 247.196 46.968 200.228 251.278 48.149 203.129 256.622 49.060 207.562 257.919 49.695 208.224 260.255 50.249 210.006 269.163 51.219 217.944 279.637 51.866 227.771 4 5 6 8.273 797 152 152 0 8.750 50 638 638 0 9.759 100 895 895 0 11.939 145 1.393 1.113 280 13.416 180 1.187 712 475 14.783 190 2.032 541 1.491 17.385 240 2.430 533 1.897 24.243 345 3.680 527 3.153 28.518 462 7.718 1.724 5.994 35.445 1.946 9.394 1.149 8.245 7 8 9 10 11 7.120 204 7.860 202 8.474 290 9.988 413 11.524 525 11.937 624 13.846 869 18.904 1.314 18.350 1.988 21.579 2.526 12 13 TOTAL 1HOLDINGS, BY SECTOR AND TYPE 1 TOTAL HOLDINGS, BY SECTOR 2 U.S. GOVT. (AGENCY SEC.) 3 SPONSORED CREDIT AGENCIES TREASURY 4 5 AGENCY SECURITIES 244.812 2 1.352 1.352 0 243.084 37 1.494 1.494 0 250.765 35 1.419 1.419 0 259.135 0 1.792 1.792 0 264.694 29 2.204 2.159 45 271.405 12 1.762 1.677 85 275.304 45 1.896 1.798 98 284.498 1.355 2.831 2.684 147 297.681 1.267 2.855 2.690 165 315.082 1.401 2.735 2.550 185 1 2 3 4 5 6 7 8 9 10 FEDERAL RESERVE SYSTEM TREASURY ISSUES SHORT-TERM MARKETABLE OTHER TREASURY AGENCY ISSUES 26.648 26.648 20.192 6.456 0 27.384 27.384 19.242 8.142 0 28.881 28.881 18.301 10.580 0 30.820 30.820 20.739 10.081 0 33.593 33.593 25.578 8.015 0 37.044 37.044 28.202 8.842 0 40.768 40.768 31.888 8.880 0 44.316 44.282 36.481 7.801 34 49.150 49.112 39.193 9.919 38 52.937 52.937 32.552 20.385 0 6 7 8 9 10 11 12 13 FOREIGN SHORT-TERM MARKETABLE OTHER 9.975 7.475 2.500 10.508 7.697 2.811 10.994 7.062 3.932 12.320 9.246 3.074 12.911 8.690 4.221 13.345 8.499 4.846 13.277 7.610 5.667 10.812 6.739 4.073 12.903 7.563 5.340 12.432 5.899 6.533 11 12 13 14 15 16 17 18 19 TOTAL PRIVATE DOMESTIC TREASURY ISSUES HOUSEHOLD SAVINGS BONDS SHORT-TERM MARKETABLE OTHER TREASURY AGENCY ISSUES 206.835 198.564 45.907 56.249 96.408 8.271 203.661 194.948 45.642 60.167 89.139 8.713 209.436 199.712 46.445 72.522 80.745 9.724 214.203 202.264 46.968 68.404 86.892 11.939 215.957 202.615 48.149 65.275 89.191 13.342 219.242 204.556 49.060 67.704 87.792 14.686 219.318 202.076 49.695 68.052 84.329 17.242 225.184 202.477 50.249 65.510 86.718 22.707 231.506 204.458 51.219 69.727 83.512 27.048 245.577 211.718 51.866 78.846 81.006 33.859 14 15 16 17 18 19 20 21 22 23 24 25 26 PRIVATE DOMESTIC NONFINAN. TOTAL TREASURY ISSUES SAVINGS BONDS (HH) OTHER TREASURY ISSUES SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 111.057 105.924 45.907 60.017 35.444 24.573 5.133 105.365 100.674 45.642 55.032 31.451 23.581 4.691 104.076 99.192 46.445 52.747 31.337 21.410 4.884 105.499 100.290 46.968 53.322 32.238 21.084 5.209 110.292 104.187 48.149 56.038 33.948 22.090 6.105 111.391 104.816 49.060 55.756 31.751 24.005 6.575 114.638 106.515 49.695 56.820 34.485 22.335 8.123 122.339 110.359 50.249 60.110 35.477 24.633 11.980 121.234 108.276 51.219 57.057 34.139 22.918 12.958 129.855 113.017 51.866 61.151 40.195 20.956 16.838 20 21 22 23 24 25 26 27 28 29 30 31 32 33 HOUSEHOLDS TOTAL TREASURY ISSUES SAVINGS BONDS OTHER TREASURY ISSUES SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 74.292 71.344 45.907 25.437 11.946 13.491 2.948 74.038 71.544 45.642 25.902 10.557 15.345 2.494 74.461 71.727 46.445 25.282 10.816 14.466 2.734 76.724 73.557 46.968 26.589 12.595 13.994 3.167 77.436 73.914 48.149 25.765 16.301 9.464 3.522 79.923 75.172 49.060 26.112 15.814 10.298 4.751 82.001 76.012 49.695 26.317 18.024 8.293 5.989 89.635 78.845 50.249 28.596 19.259 9.337 10.790 91.282 80.008 51.219 28.789 18.872 9.917 11.274 97.561 84.893 51.866 33.027 25.738 7.289 12.668 27 28 29 30 31 32 33 34 35 36 37 38 NONFIN. CORPORATE BUSINESS TREASURY ISSUES SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 22.821 21.621 15.979 5.642 1.200 16.868 15.752 13.268 2.484 1.116 15.344 14.096 12.484 1.612 1.248 13.582 12.307 10.674 1.633 1.275 16.736 15.128 8.475 6.653 1.608 15.481 14.481 7.548 6.933 1.000 13.786 12.548 5.983 6.565 1.238 12.081 11.054 4.692 6.362 1.027 9.619 8.614 3.061 5.553 1.005 10.393 8.959 2.959 6.000 1.434 34 35 36 37 38 39 40 41 42 43 S. + L. GOVERNMENTS TREASURY ISSUES SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 13.944 12.959 7.519 5.440 985 14.459 13.378 7.626 5.752 1.081 14.271 13.369 8.037 5.332 902 15.193 14.426 8.969 5.457 767 16.120 15.145 9.172 5.973 975 15.987 15.163 8.389 6.774 824 18.851 17.955 10.478 7.477 896 20.623 20.460 11.526 8.934 163 20.333 19.654 12.206 7.448 679 21.901 19.165 11.498 7.667 2.736 39 40 41 42 43 61.408 59.544 15.961 43.583 1.864 63.872 61.611 22.943 38.668 2.261 70.160 67.221 33.545 33.676 2.939 71.411 67.059 27.797 39.262 4.352 68.477 63.794 24.174 39.620 4.683 68.781 63.575 28.270 35.305 5.206 65.991 60.197 26.245 33.952 5.794 62.878 56.785 21.525 35.260 6.093 72.383 63.253 27.001 36.252 9.130 75.732 65.306 28.638 36.668 10.426 44 45 46 47 48 60.801 526 81 63.264 507 101 69.517 536 107 70.786 506 119 67.923 399 155 68.197 442 142 65.341 509 141 62.256 459 163 71.603 576 204 74.892 620 220 49 50 51 34.370 33.096 4.844 28.252 1.274 34.424 32.663 5.773 26.890 1.761 35.200 33.299 7.640 25.659 1.901 37.293 34.915 8.369 26.546 2.378 37.188 34.634 7.153 27.481 2.554 39.070 36.165 7.683 28.482 2.905 38.689 35.364 7.322 28.042 3.325 39.967 35.333 8.508 26.825 4.634 37.889 32.929 8.587 24.342 4.960 39.990 33.395 10.013 23.382 6.595 52 53 54 55 56 44 45 46 47 48 49 50 51 52 53 54 55 56 (1) <2) COMMERCIAL BANKING TREASURY ISSUES SHORT-TERM OTHER AGENCY ISSUES COMMERCIAL BANKS FOREIGN BANKING OFFICES BANKS IN U.S. POSSESSIONS PRIVATE NONBANK FINANCE TREASURY ISSUES SHORT-TERM MARKETABLE OTHER AGENCY ISSUES WHERE NOT SHOWN SEPARATELY, LOAN PARTICIPATIONS ARE INCLUDED WITH AGENCY ISSUES. THESE ISSUES ARE OUTSIDE THE BUDGET AND OUTSIDE THE U.S. GOVERNMENT SECTOR IN FLOW OF FUNDS ACCOUNTS. THEY ARE INCLUDED IN CREDIT MARKET DEBT OF FINANCIAL INSTITUTIONS. MILLIONS OF DOLLARS OCTOBER 1979 U.S. GOVT. SECURITIES U.S. GOVT. SECURITIES 137 U.S. GOVERNMENT SECURITIES MARKET SUMMARY YEAR-END OUTSTANDINGS, YEAR-END OUTSTANDINGS, 1969-78 1970 1969 1971 1973 1972 TOTAL OUTSTANDING, 1974 1975 1976 1977 1978 BY SECTOR AND TYPE 1 2 3 321.243 287.394 33.849 342.954 299.320 43.634 373.837 324.290 49.547 397.397 339.451 57.946 425.665 347.788 77.877 459.923 359.685 100.238 558.099 445.180 112.919 646.681 514.774 131.907 730.136 571.650 158.486 825.327 625.428 199.899 4 5 6 278.358 51.770 226.588 291.242 52.089 239.153 317.262 54.416 262.846 331.524 57.667 273.857 339.431 60.354 279.077 351.458 63.338 288.120 437.306 67.363 369.943 506.445 72.018 434.427 564.094 76.762 487.332 619.207 80.691 538.516 7 8 9 10 11 42.885 1.572 7. 464 342 7. 122 51.712 1.891 6.187 0 6.187 56.575 2.682 4.346 0 4.346 65.873 4.524 3.403 0 3.403 86.234 5.260 3.097 0 3.097 108.465 5.401 2.826 0 2.826 120.793 5.132 2.742 0 2.742 140.236 5.668 2.661 0 2.661 166.042 5.136 2.420 0 2.420 206.120 4.083 2.138 0 2.138 12 13 30.645 3.204 38.879 4.755 40.021 9.526 43.542 14.404 59.837 18.040 76.439 23.799 78.781 34.138 82.106 49.801 88.197 70.289 111.266 88.633 TOTAL HOLDINGS, 1969-78 TOTAL U.S.GOVERNMENT SECUR. U.S. GOVERNMENT SPON. AGENCIES + MTG.POOLS BY INSTRUMENT: TREASURY ISSUES HOUSEHOLD SAVINGS BONDS TREAS. EXCL. SAVINGS BONDS OTHER BUDGET AGENCY ISSUES LOAN PARTICIPATIONS (1) CCC CTFS. OF INTEREST OTHER SPONS. AGENCY ISSUES (2) MORTGAGE POOL SECUR. «2) 1 2 3 4 5 6 7 8 9 10 11 12 13 BY SECTOR AND TYPE 1 2 3 4 5 321.243 104 2. 147 1.964 183 342.954 7 3.247 3.059 188 373.837 25 2.701 2.493 208 397.397 8 1.486 1.245 241 425.665 6 1.467 1.145 322 459.923 2.508 1.890 1.441 449 558.099 7.012 3.359 2.935 424 646.681 10.750 4.847 4.392 455 730.136 16.095 1.045 961 84 825.327 23.825 1.635 1.442 193 TOTAL HOLDINGS, BY SECTOR U.S. GOVT. (AGENCY SEC.) SPONSORED CREDIT AGENCIES TREASURY AGENCY SECURITIES 1 2 3 4 5 6 7 8 9 10 57.154 57.154 37.610 19. 544 0 62.142 62.142 38.488 23.654 0 70.804 70.218 39.523 30.695 586 71.230 69.906 41.174 28.732 1.324 80.495 78.516 50.646 27.870 1.979 85.714 80.501 50.484 30.017 5.213 94.124 87.934 52.415 35.519 6.190 104.093 97.021 58.569 38.452 7.072 111.274 102.819 61.665 41.154 8.455 118.591 110.562 62.115 48.447 8.029 FEDERAL RESERVE SYSTEM TREASURY ISSUES SHORT-TERM MARKETABLE OTHER TREASURY AGENCY ISSUES 6 7 8 9 10 11 12 13 10.419 3.662 6.757 19.731 11.491 8.240 46.033 25.439 20.594 54.435 26.689 27.746 54.664 20.976 33.688 58.396 28.620 29.776 66.500 35.267 31.233 78.120 38.592 39.528 109.601 46.685 62.916 137.822 60.596 77.226 FOREIGN SHORT-TERM MARKETABLE OTHER 11 12 13 14 15 16 17 18 19 251.419 208.821 51.770 85.895 71.156 42.598 257.827 206.310 52.089 81.344 72.877 51.517 254.274 198.518 54.416 63.422 80.680 55.756 270.238 205.938 57.667 74.859 73.412 64.300 289.033 205.106 60.354 80.680 64.072 83.927 311.415 211.120 63.338 82.802 64.980 100.295 387.104 279.937 67.363 128.401 84.173 107.167 448.871 326.912 72.018 140.710 114.184 121.959 492.121 350.713 76.762 150.993 122.958 141.408 543.454 369.381 80.691 149.460 139.230 174.073 TOTAL PRIVATE DOMESTIC TREASURY ISSUES HOUSEHOLD SAVINGS BONDS SHORT-TERM MARKETABLE OTHER TREASURY AGENCY ISSUES 14 15 16 17 18 19 20 21 22 23 24 25 26 147.510 123.734 51.770 71.964 52.633 19.331 23.776 140.176 114.320 52.089 62.231 40.434 21.797 25.856 129.304 107.389 54.416 52.973 30.428 22.545 21.915 133.530 112.405 57.667 54.738 33.638 21.100 21.125 152.337 123.696 60.354 63.342 42.759 20.583 28.641 171.264 134.731 63.338 71.393 45.764 25.629 36.533 195.397 162.361 67.363 94.998 63.694 31.304 33.036 212.015 173.041 72.018 101.023 60.734 40.289 38.974 233.680 189.720 76.762 112.958 74.728 38.230 43.960 266.586 209.682 80.691 128.991 84.024 44.967 56.904 PRIVATE DOMESTIC NONFINAN. TOTAL TREASURY ISSUES SAVINGS BONDS (HH) OTHER TREASURY ISSUES SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 20 21 22 23 24 25 26 27 28 29 30 31 32 33 113.538 95.861 51.770 44.091 34.689 9.402 17.677 107.186 84.871 52.089 32.782 20.982 11.800 22.315 97.012 76.494 54.416 22.078 8.509 13.569 20.518 96.611 79.574 57.667 21.907 9.740 12.167 17.037 115.392 96.745 60.354 36.391 25.727 10.664 18.647 136.033 113.613 63.338 50.275 36.166 14.109 22.420 152.811 133.383 67.363 66.020 40.980 25.040 19.428 162.804 139.586 72.018 67.568 31.637 35.931 23.218 177.155 149.446 76.762 72.684 48.405 24.279 27.709 203.836 166.720 80.691 86.029 59.099 26.930 37.116 HOUSEHOLDS TOTAL TREASURY ISSUES SAVINGS BONDS OTHER TREASURY ISSUES SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 27 28 29 30 31 32 33 34 35 36 37 38 7.322 5.646 3.840 1.806 1.676 7.492 6.2 83 4.668 1.615 1.209 9.968 9.057 8.430 627 911 7.917 6.881 5.754 1.127 1.036 4.517 1.982 882 1.100 2.535 5.566 1.622 616 1.006 3.944 14.281 11.134 10.002 1.132 3.147 16.585 13.435 12.382 1.053 3.150 10.438 7.661 6.697 964 2.777 4.117 599 511 88 3.518 NONFIN. CORPORATE BUSINESS TREASURY ISSUES SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 34 35 36 37 38 39 40 41 42 43 26.650 22.227 14.104 8. 123 4.423 25.498 23.166 14.784 8.382 2.332 22.324 21.838 13.489 8.349 486 29.002 25.950 18.144 7.806 3.052 32.428 24.969 16.150 8.819 7.459 29.665 19.496 8.982 10.514 10.169 28.305 17.844 12.712 5.13 2 10.461 32.626 20.020 16.715 3.305 12.606 46.087 32.613 19.626 12.987 13.474 58.633 42.3 63 24.414 17.949 16.270 S. + L. GOVERNMENTS TREASURY ISSUES SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 39 40 41 42 43 44 45 46 47 48 65.684 55.598 24.293 31.305 10.086 76.443 62.516 30.123 32.393 13.927 83.567 65.631 25.208 40.423 17.936 90.048 68.068 30.808 37.260 21.980 88.754 59.196 28.255 30.941 29.558 89.467 56.275 26.943 29.332 33.192 119.470 84.901 48.832 36.069 34.569 139.648 103.610 56.538 47.072 36.038 138.502 101.692 51.973 49.719 36.810 139.006 95.164 41.730 53.434 43.842 49 50 51 64.795 641 248 75.669 497 277 82.866 263 438 88.654 751 643 87.273 911 570 88.016 1.105 346 118.112 941 417 137.667 1.487 494 136.400 1.400 702 136.518 1.859 629 52 53 54 55 56 38.225 29.489 8. 969 20.520 8.736 41.208 29.474 10.787 18.687 11.734 41.403 25.498 7.786 17.712 15.905 46.660 25.465 10.413 15.052 21.195 47.942 22.214 9.666 12.548 25.728 50.684 20.114 10.095 10.019 30.570 72.237 32.675 15.875 16.800 39.562 97.208 50.261 23.438 26.823 46.947 119.939 59.301 24.292 35.009 60.638 137.862 64.535 23.706 40.829 73.327 (1) (2) MILLIONS OF DOLLARS COMMERCIAL BANKING TREASURY ISSUES SHORT-TERM OTHER AGENCY ISSUES COMMERCIAL BANKS FOREIGN BANKING OFFICES BANKS IN U.S. POSSESSIONS PRIVATE NONBANK FINANCE TREASURY ISSUES SHORT-TERM MARKETABLE OTHER AGENCY ISSUES WHERE NOT SHOWN SEPARATELY, LOAN PARTICIPATIONS ARE INCLUDED WITH AGENCY ISSUES. THESE ISSUES ARE OUTSIDE THE BUDGET AND OUTSIDE THE U.S. GOVERNMENT SECTOR IN FLOW OF FUNDS ACCOUNTS. THEY ARE INCLUDED IN CREDIT MARKET DEBT OF FINANCIAL INSTITUTIONS. 44 45 46 47 48 49 50 51 52 53 54 55 56 OCTOBER 1979 U.S. GOVT. SECURITIES(CONTINUED) U-S. GOVT. SECURITIES<CONTINUED) U.S.GOVERNMENT SECURITIES HELD BY NONBANK FINANCIAL INSITUTIONS 138 YEAR-END OUTSTANDINGS, YEAR-END OUTSTANDINGS, 1949-58 1 TOTAL, ALL PVT. NONBANK FIN. TREASURY ISSUES 2 SHORT-TERM MARKETABLE 3 4 OTHER AGENCY ISSUES 5 1949-58 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 38.438 38.395 NA NA 43 36.759 36.736 NA NA 23 33.817 33.794 2.932 30.862 23 34.130 34.053 3.680 30.373 77 34.501 34.342 4.066 30.276 159 34.114 33.980 3.056 30.924 134 33.986 33.712 2.581 31.131 274 32.805 32.340 3.139 29.201 465 32.616 31.675 3.960 27.715 941 33.324 32.367 4.646 27.721 957 1 2 3 4 5 1.462 1.462 NA NA 0 1.487 1.487 NA NA 0 1.603 1.603 353 1.250 0 1.804 1.787 351 1.436 17 1.946 1.920 274 1.646 26 2.048 2.021 143 1.878 27 2.454 2.381 226 2.155 73 2.948 2.782 317 2.465 166 3.572 3.173 361 2.812 399 4.181 3.819 618 3.201 362 6 7 8 9 10 11.461 11.418 NA NA 43 10.885 10.862 NA NA 23 9.858 9.835 204 9.631 23 9.483 9.443 298 9.145 40 9.280 9.191 500 8.691 89 8.816 8.755 158 8.597 61 8.586 8.463 272 8.191 123 8. 166 7.982 379 7.603 184 7.914 7.583 504 7.079 331 7.581 7.270 507 6.763 311 11 12 13 14 15 82 82 0 90 90 0 100 100 0 106 106 0 112 112 0 120 120 0 135 135 0 150 150 0 165 165 0 180 180 0 16 17 18 6 7 8 9 10 SAVINGS + LOAN ASSOCIATIONS TREASURY ISSUES SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 11 12 13 14 15 MUTUAL SAVINGS BANKS TREASURY ISSUES SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 16 17 18 CREDIT UNIONS TREASURY ISSUES AGENCY ISSUES 19 20 21 22 23 LIFE INSURANCE TREASURY ISSUES SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 15.298 15.298 NA NA 0 13.486 13.486 NA NA 0 11.034 11.034 660 10.374 0 10.252 10.252 542 9.710 0 9.829 9.829 481 9.348 0 9.070 9.070 553 8.517 0 8.576 8.576 415 8.161 0 7.555 7.555 293 7.262 0 7.029 7.029 255 6.774 0 7.233 7.183 543 6.640 50 19 20 21 22 23 24 25 26 27 28 PRIVATE PENSION FUNDS TREASURY ISSUES SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 2.245 2.245 NA NA 0 2.345 2.345 NA NA 0 2.445 2.445 331 2.114 0 2.478 2.478 273 2.205 0 2.655 2.636 315 2.321 19 2.682 2.674 284 2.390 8 2.992 2.972 214 2.758 20 2.799 2.751 386 2.365 48 2.575 2.461 558 1.903 114 2.567 2.450 568 1.882 117 24 25 26 27 28 29 30 31 32 33 S. + L. GOVT., RTR. FUNDS TREASURY ISSUES SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 2.257 2.257 NA NA 0 2.498 2.498 NA NA 0 2.918 2.918 146 2.772 0 3.394 3.374 232 3.142 20 3.885 3.860 222 3.638 25 4.421 4.383 310 4.073 38 4.724 4.666 231 4.435 58 5.011 4.944 325 4.619 67 5.155 5.058 303 4.755 97 5.138 5.021 294 4.727 117 29 30 31 32 33 34 35 36 37 38 OTHER INSURANCE COMPANIES TREASURY ISSUES SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 4.826 4.826 NA NA 0 5.253 5.253 NA NA 0 5.417 5.417 696 4.721 0 5.774 5.774 1.039 4.735 0 6.025 6.025 1.393 4.632 0 6.137 6.137 660 5.469 0 6.000 6.000 569 5.431 0 5.657 5.657 770 4. 887 0 5.480 5.480 1.088 4.392 0 5.439 5.439 931 4.508 0 34 35 36 37 38 39 40 INVESTMENT COS. (TREASURY) MONEY MARKET FUNDS (TREAS) SECURITY BROKERS + DEALERS (TREASURY) 104 0 129 0 129 0 130 0 129 0 154 0 255 0 276 0 277 0 401 0 39 40 703 586 313 709 640 666 264 243 449 604 41 41 MILLIONS OF DOLLARS OCTOBER 1979 U.S. GOVT. SECURITIES(CONTINUED) U.S. GOVT. SECURITIES(CONTINUED) 139 U.S.GOVERNMENT SECURITIES HELD BY NONBANK FINANCIAL INSITUTIONS YEAR-END OUTSTANDINGS, 1959-68 YEAR-END OUTSTANDINGS, 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1 2 3 4 5 34.370 33.096 4. 844 28.252 1. 274 34.424 32.663 5.773 26.890 1.761 35.200 33.299 7.640 25.659 1.901 37.293 34.915 8.369 26.546 2.378 37.188 34.634 7.153 27.481 2.554 39.070 36.165 7.683 28.482 2.905 38.689 35.364 7.322 28.042 3.325 39.967 35.333 8.508 26.825 4.634 37.889 32.929 8.587 24.342 4.960 39.990 33.395 10.013 23.382 6.595 6 7 8 9 10 4.935 4.477 827 3.650 458 5.171 4.592 767 3.825 579 5.691 5.209 1.128 4.081 482 6.048 5.546 1.088 4.458 502 7.047 6.447 1.074 5.373 600 7.630 6.970 1.404 5.566 660 8.164 7.408 1.435 5.973 756 8.576 7.732 1.830 5.902 844 10.258 9.255 2.933 6.322 1.003 10.717 9.627 2.807 6.820 1 .090 11 12 13 14 15 7.276 6.871 531 6.340 405 6.709 6.243 624 5.619 466 6.674 6.160 872 5.288 514 6.725 6.107 83 5 5.272 618 6.558 5.863 883 4.980 695 6.579 5.791 858 4.933 788 6.304 5.485 93 5 4.550 819 5.804 4.764 764 4.000 1.040 5.529 4.319 895 3.424 1.210 5.463 3.834 897 2.937 1 .629 16 17 18 190 190 0 200 200 0 220 220 0 240 240 0 285 280 5 310 295 15 33 7 303 34 466 327 139 548 331 217 711 357 354 19 20 21 22 23 6. 940 6.868 354 6.514 72 6.528 6.427 287 6.140 101 6.244 6.134 302 5.832 110 6.275 6.170 413 5.757 105 5.952 5.813 298 5.515 139 5.723 5. 594 276 5.318 129 5.286 5.119 227 4.892 16 7 5.157 4.921 286 4.635 236 4.913 4.683 313 4.370 230 24 25 26 27 28 2.811 2.618 669 1.949 193 2.683 2.404 747 1.657 279 2.715 2.425 1.033 1.392 290 2.925 2.600 1.122 1.478 325 3.049 2.678 1.117 1.561 371 3.193 2.715 1.041 1.674 478 2.994 2.539 912 1.627 455 2.751 2.304 823 1.481 447 29 30 31 32 33 5.608 5.462 315 5. 147 146 5.907 5.711 328 5.383 196 6.071 5.800 467 5.333 271 6.495 6.100 470 5.630 395 6.857 6.510 464 6.046 347 7.411 7.030 338 6.692 381 7.645 7.153 366 6.787 492 34 35 36 37 38 5.626 5.626 974 4.652 0 5.586 5.446 1.180 4.266 140 5.592 5.358 1.625 3.733 234 5.872 5.439 1.488 3.951 433 5.994 5.597 1.591 4.006 397 6.083 5.629 1.330 4.299 454 39 40 556 0 619 0 688 0 737 0 728 0 41 428 1.021 1.305 1.976 718 MILLIONS OF DOLLARS 1959--68 TOTAL, ALL PVT. NONBANK FIN. TREASURY ISSUES SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 1 2 3 4 5 SAVINGS + LOAN ASSOCIATIONS TREASURY ISSUES SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 6 7 8 9 10 MUTUAL SAVINGS BANKS TREASURY ISSUES SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 11 12 13 14 15 CREDIT UNIONS TREASURY ISSUES AGENCY ISSUES 16 17 18 4.750 4.456 406 4.050 294 LIFE INSURANCE TREASURY ISSUES SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 19 20 21 22 23 2.324 1.986 845 1.141 338 2.756 2.358 1.173 1.185 398 PRIVATE PENSION FUNDS TREASURY ISSUES SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 24 25 26 27 28 7.767 7.115 393 6.722 652 6.950 6.165 459 5.706 785 7.331 5.921 450 5.471 1.410 S. + L. GOVT., RTR. FUNDS TREASURY ISSUES SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 29 30 31 32 33 6.066 5.464 1.251 4.213 602 6.267 4.991 906 4.085 1.276 5.463 4.286 907 3.379 1.177 5.353 3.933 1.014 2.919 1.420 OTHER INSURANCE COMPANIES TREASURY ISSUES SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 34 35 36 37 38 767 0 811 0 1.437 0 921 0 1.143 0 39 40 1.374 1.082 1.742 983 1.766 INVESTMENT COS. (TREASURY) MONEY MARKET FUNDS (TREAS) SECURITY BROKERS + DEALERS (TREASURY) 41 OCTOBER 1979 U.S. GOVT. SECURITIES(CONTINUED) 140 U.S. GOVT. SECURITIES(CONTINUED) U.S.GOVERNMENT SECURITIES HELD BY NONBANK FINANCIAL INSITUTIONS YEAR-END OUTSTANDINGS, YEAR-END OUTSTANDINGS, 1969-78 I TOTAL, ALL PVT. NONBANK FIN. 2 TREASURY ISSUES 3 SHORT-TERM MARKETABLE 4 OTHER 5 AGENCY ISSUES 1969-78 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 38.225 29.489 8.969 20.520 8.736 41.208 29.474 10.787 18.687 11.734 41.403 25.498 7.786 17.712 15.905 46.660 25.465 10.413 15.052 21.195 47.942 22.214 9.666 12.548 25.728 50.684 20.114 10.095 10.019 30.570 72.237 32.675 15.875 16.800 39.562 97.208 50.261 23.438 26.823 46.947 119,939 59.301 24.292 35.009 60.638 137.862 64.535 23.706 40.829 73.327 1 2 3 4 5 10.418 8.145 2.163 5.982 2.273 10.994 6.849 1.804 5.045 4. 145 13.466 6.276 1.668 4.608 7.190 15.046 5.433 2.130 3.303 9.613 15.764 3.843 1.389 2.454 11.921 15.599 2.465 1.242 1.223 13.134 20.396 3.182 2.294 888 17.214 26.308 8.428 5.220 3.208 17.880 30.662 7.872 4.469 3.403 22.790 35.912 8.552 4.384 4.168 27.360 6 7 8 9 10 6 7 8 9 10 SAVINGS + LOAN ASSOCIATIONS TREASURY ISSUES SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 11 12 13 14 15 MUTUAL SAVINGS BANKS TREASURY ISSUES SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 5.005 3.222 781 2.441 1.783 5.372 3.151 795 2.356 2.221 6.286 3.268 642 2.626 3.018 7.664 3.510 1.095 2.415 4.154 7.205 2.994 1.027 1.967 4.211 6.958 2.555 945 1.610 4.403 10.874 4.740 1.887 2.853 6.134 14.917 5.840 2.430 3.410 9.077 17.564 5.895 2.314 3.581 11.669 18.324 4.950 1.624 3.326 13.374 11 12 13 14 15 16 17 18 CREDIT UNIONS TREASURY ISSUES AGENCY ISSUES 1.027 527 500 1.370 558 812 1.586 564 1.022 2.107 518 1.589 2.584 777 1.807 2.972 848 2.124 4.087 1.177 2.910 4.725 1.343 3.382 5.183 1.424 3.759 5.200 1.400 3.800 16 17 18 19 20 21 22 23 LIFE INSURANCE TREASURY ISSUES SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 4.514 4.124 328 3.796 390 4.574 4.042 336 3.706 532 4.455 3.828 276 3.552 627 4.562 3.827 273 3.554 735 4.328 3.444 235 3.209 884 4.437 3.372 216 3.156 1.065 6.155 4.736 1.257 3.479 1.419 7.686 5.368 1.505 3.863 2.318 9.317 5.315 964 4.351 4.002 11.365 4.822 686 4.136 6.543 19 20 21 22 23 24 25 26 27 28 PRIVATE PENSION FUNDS TREASURY ISSUES SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 2.792 2.183 1.105 1.078 609 3.029 2.124 1. 164 960 905 2.732 2.125 946 1.179 607 3.689 2.978 1.921 1.057 711 4.404 3.143 2.061 1.082 1.261 5.533 2.952 1.865 1.087 2.581 10.764 7.435 3.076 4.359 3.329 14.713 11.118 3.213 7.905 3.595 20.138 15.930 4.435 11.495 4.208 22.243 17.505 4.837 12.668 4.738 24 25 26 27 28 29 30 31 32 33 S. + L. GOVT., RTR. FUNDS TREASURY ISSUES SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 7.003 5.437 707 4.730 1.566 6.595 5.104 844 4.260 1.491 5.440 3.896 548 3.348 1.544 5.702 3.597 732 2.865 2.105 5.842 2.508 586 1.922 3.334 6.168 1.585 561 1.024 4.583 7.794 2.540 497 2.043 5.254 10.893 4.057 1.151 2.906 6.836 16.450 6.626 1.736 4.890 9.824 22.826 10.455 2.162 8.293 12.371 29 30 31 32 33 34 35 36 37 38 OTHER INSURANCE COMPANIES TREASURY ISSUES SHORT-TERM MARKETABLE OTHER AGENCY ISSUES 5.063 3.448 95 5 2.493 1.615 5.026 3.398 1.038 2.360 1.628 5.080 3.183 784 2.399 1.897 5.189 2.901 1.043 1.858 2.288 5.147 2.837 923 1.914 2.310 5.540 2.860 941 1.919 2.680 8.022 4.720 1.542 3.178 3.302 11.159 7.300 1.769 5.531 3.859 14.146 9.760 2.471 7.289 4.386 15.841 10.700 2.462 8.238 5.141 34 35 36 37 38 39 40 INVESTMENT COS. (TREASURY) MONEY MARKET FUNDS (TREAS) SECURITY BROKERS + DEALERS (TREASURY) 675 0 850 0 559 0 689 0 660 0 1.109 112 1.066 927 1.086 1.149 1.763 883 1.584 1.486 39 40 1.728 3.398 1.799 2.012 2.008 2.256 2.152 4.572 3.833 3.081 41 41 MILLIONS OF DOLLARS OCTOBER 1979 PRIVATE SECURITIES PRIVATE SECURITIES 141 STATE + LOCAL GOVERNMENT, CORPORATE, AND FOREIGN SECURITIES YEAR-END OUTSTANDINGS, YEAR-END OUTSTANDINGS, 1949-58 1950 1949 1951 1952 1953 1954 1955 1956 1957 1958 1949- -58 STATE AND LOCAL GOVERNMENT SECURITIES 1 2 3 4 5 21.049 21.049 881 20.168 0 24.381 24.381 1.274 23.107 0 26.559 26.559 1.586 24.973 0 30.243 30.243 1.779 28.464 0 34.512 34.512 1.948 32.564 0 40.594 40.594 2.058 38.536 0 45.870 45.870 2.086 43.784 0 49.461 49.461 2.180 47.281 0 53.708 53.708 2.355 51.353 0 59.206 59.206 2.770 56.436 0 TOTAL LIABILITIES STATE + LOCAL GOVERNMENTS SHORT-TERM OTHER NONFIN. CORPORATE BUSINESS (POLLUTION CONTROL) 1 2 3 4 5 6 7 8 9 21.049 8.643 485 1.748 24.381 9.191 652 2.032 26.559 9.529 844 2.061 30.243 11.543 813 2.111 34.512 13.373 1.005 2.293 40.594 15.895 972 2.467 45.870 19.347 1.219 2.479 49.461 21.499 1.342 2.480 53.708 23.190 1.479 2.590 59.206 24.003 1.958 2.737 TOTAL ASSETS HOUSEHOLDS NONFIN. CORPORATE BUSINESS S. + L. GOVT., GEN. FUNDS 6 7 8 9 10 11 12 6.606 0 86 8.203 0 88 9.299 0 140 10.308 0 335 10.965 0 428 12.728 0 608 12.924 0 646 13.067 0 675 14.081 0 685 16.671 0 729 13 14 15 16 1.052 1.349 828 252 1.152 1.549 1.144 370 1.142 1.712 1.448 384 1.153 1.883 1.869 228 1.298 2.103 2.617 430 1.846 2.376 3.402 300 2.038 2.723 4.194 300 2.273 3.110 4.915 100 2.376 3.539 5.568 200 2.681 3.963 6.249 215 CORPORATE AND COMMERCIAL BANKING SAVINGS+LOAN ASSNS MUTUAL SAVINGS BANKS 10 11 12 LIFE INSURANCE COMPANIES ST.+LOC. GOVT, RTR. FUNDS OTHER INSURANCE COMPANIES BROKERS + DEALERS 13 14 15 16 1 2 3 4 5 6 7 FOREIGN BONDS 1 2 3 4 5 6 7 38.436 34.210 2. 871 0 0 1.355 0 40.591 35.734 3.122 0 0 1.735 0 44.351 38.929 3.399 0 0 2.023 0 49.320 43.614 3.426 0 0 2.280 0 53.965 46.970 3.314 0 0 3.681 0 57.317 50.449 3.264 0 0 3.604 0 60.885 53.286 3.071 0 0 4.528 0 65.891 56.901 3.381 0 0 5.609 0 73.387 63.217 3.816 0 0 6.354 0 80.191 68.901 4.734 0 0 6.556 0 TOTAL LIABILITIES NONFIN. CORPORATE BUSINESS REST OF THE WORLD COMMERCIAL BANKS SAVINGS + LOAN ASSOCIATIONS FINANCE COMPANIES REITS 8 9 10 38.436 6. 897 327 40.591 6.000 317 44.351 6.114 323 49.320 6.087 359 53.965 5.989 374 57.317 5.064 380 60.885 5.594 434 65.891 6.707 501 73.387 7.639 591 80.191 8.859 645 TOTAL ASSETS HOUSEHOLDS REST OF THE WORLD 11 12 2.495 2.082 2.660 2.064 2.453 2.240 2.340 2.549 2.393 2.791 2.303 2.916 2.120 2.586 1.606 2.659 1.724 3.246 1.677 3.798 13 14 15 16 17 25.875 22.931 1. 863 402 679 28.883 24.752 2.828 585 718 32.473 27.467 3.483 701 822 37.094 30.569 4.548 1.010 967 41.540 33.275 5.647 1.526 1.092 45.546 35.378 6.907 2.115 1.146 48.855 37.127 7.853 2.692 1.183 53.129 39.279 9.475 3.165 1.210 58.702 41.951 11.337 4.024 1.390 63.854 44.352 12.842 5.126 1.534 18 19 173 587 220 447 261 487 342 549 340 538 439 669 473 823 667 622 780 705 8 9 10 COMMERCIAL BANKING MUTUAL SAVINGS BANKS 11 12 INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT, RTR. FUNDS OTHER INSURANCE COMPANIES 13 14 15 16 17 935 423 OPEN-END INVESTMENT COS. BROKERS + DEALERS 18 19 CORPORATE EQUITIES 1 2 3 120.000 3.070 116.930 146.000 3.344 142.656 170.000 3.481 166.519 186.000 3.931 182.069 179.005 4.146 174.859 258.001 6. 109 251.892 317.012 7.838 309.174 337.994 9.046 328.948 299.003 8.714 290.289 417.977 13.241 404.736 TOTAL AT MARKET VALUE OPEN-END INVESTMENT COS. OTHER SECTORS 1 2 3 4 5 6 7 8 120.000 109.445 2.490 1 157 146.000 133.663 2.925 1 181 170.000 156.293 3.450 1 227 186.000 170.429 3.705 2 336 179.005 162.414 3.650 3 431 258.001 235.019 5.254 5 571 317.012 286.293 6.575 6 1.000 337.994 305.087 6.961 6 1.000 299.003 267.382 6.091 9 1.000 417.977 373.311 8.305 10 1.400 MARKET VALUE OF HOLDINGS HOUSEHOLDS REST OF THE WORLD COMMERCIAL BANKING MUTUAL SAVINGS BANKS 4 5 6 7 8 9 10 11 12 13 4. 548 1.718 586 20 2.224 5.824 2.103 1.105 29 2.587 6.531 2.221 1.358 41 2.911 7.590 2.446 1.843 56 3.245 8.384 2.573 2.392 75 3.344 11.060 3.268 3.154 99 4.539 15.326 3.633 6.085 200 5.408 16.367 3.503 7.065 200 5.599 16.339 3.391 7.489 300 5.159 22.791 4.109 11.561 400 6.721 INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT, RTR. FUNDS OTHER INSURANCE COMPANIES 9 10 11 12 13 14 15 2.710 649 2. 897 509 2.948 550 3.326 612 3.521 602 5.361 731 6.927 885 7.887 686 7.411 771 11.672 488 OPEN-END INVESTMENT COS. BROKERS + DEALERS 14 15 16 106.375 130.319 152.812 166.498 158.268 228.910 278.455 296.041 258.668 360.070 MEMO: HH HOLDINGS EXCL. OPEN-END INVESTMENT COS. 16 MILLIONS OF DOLLARS OCTOBER 1979 PRIVATE SECURITIES 142 PRIVATE SECURITIES STATE + LOCAL GOVERNMENT, CORPORATE, YEAR-END OUTSTANDINGS, AND FOREIGN SECURITIES YEAR-END OUTSTANDINGS, 1959-68 1959 1960 1961 1962 1963 1964 1965 1959-68 1966 1967 1963 STATE AND LOCAL GOVERNMENT SECURITIES 1 TOTAL LIABILITIES 2 STATE + LOCAL GOVERNMENTS SHORT-TERM 3 4 OTHER NONFIN. CORPORATE BUSINESS 5 (POLLUTION CONTROL) 65.486 65.486 3.173 62.313 0 70.766 70.766 3.457 67.309 0 75.851 75.851 3.693 72.158 0 81.209 81.209 3.682 77.527 0 86.932 86.932 4.128 82.804 0 92.933 92.933 4.889 88.044 0 100.278 100.278 5.507 94.771 0 105.925 105.925 6.168 99.757 0 113.703 113.703 8.000 105.703 0 123.219 123.219 8.143 115.076 0 1 2 3 4 5 6 TOTAL ASSETS 7 HOUSEHOLDS 8 NONFIN. CORPORATE BUSINESS 9 S. + L. GOVT., GEN. FUNDS 65.486 28.187 1.794 2.714 70.766 30.802 2.382 2.747 75.851 32.008 2.395 2.763 81.209 31.496 2.697 2.573 86.932 31.986 3.787 2.334 92.933 34.627 3.680 2.223 100.278 36.412 4.600 2.167 105.925 40.443 3.639 2.125 113.703 38.118 3.300 2.125 123.219 37.577 3.782 2.171 6 7 8 9 17.078 0 721 17.685 0 672 20.467 0 677 25.658 0 527 30.103 0 440 33.675 0 391 38.822 0 320 41.221 0 251 50.342 0 219 58.893 75 194 10 11 12 3.200 4.251 7.239 302 3.588 4.406 8.084 400 3.888 4.263 9.057 333 4.026 3.804 9.905 523 3.852 3.304 10.612 514 3.774 2.900 10.970 693 3.530 2.625 11.349 453 3.260 2.481 12.040 465 3.145 2.406 13.542 506 3.194 2.382 14.403 548 13 14 15 16 10 11 12 COMMERCIAL BANKING SAVINGS+LOAN ASSNS MUTUAL SAVINGS BANKS 13 14 15 16 LIFE INSURANCE COMPANIES ST.+LOC. GOVT, RTR. FUNDS OTHER INSURANCE COMPANIES BROKERS + DEALERS CORPORATE AND FOREIGN BONDS 1 TOTAL LIABILITIES 2 NONFIN. CORPORATE BUSINESS REST OF THE WORLD 3 4 COMMERCIAL BANKS 5 SAVINGS + LOAN ASSOCIATIONS 6 FINANCE COMPANIES 7 REITS 8 TOTAL ASSETS 9 HOUSEHOLDS 10 REST OF THE WORLD 11 12 COMMERCIAL BANKING MUTUAL SAVINGS BANKS 13 14 15 16 17 INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT, RTR. FUNDS OTHER INSURANCE COMPANIES 18 19 OPEN-END INVESTMENT COS. BROKERS + DEALERS 84.796 71.856 5.207 0 0 7.733 0 90.208 75.312 5.784 0 0 9. 112 0 95.435 79.952 6.221 0 0 9.262 0 100.938 84.501 7.215 0 0 9.222 0 107.152 88.414 8.208 233 0 10.297 0 113.917 92.408 8.675 773 0 12.061 0 121.986 97.800 9.135 1.590 0 13.461 0 133.169 108.024 9.870 1.694 0 13.581 0 149.722 122.682 11.086 1.963 0 13.991 0 164.145 135.575 12.170 2.221 0 14.179 0 1 2 3 4 5 6 7 84.796 9.301 589 90.208 9.996 668 95.435 9.855 669 100.938 9.374 694 107.152 9.544 751 113.917 9.041 959 121.986 9.523 812 133.169 10.855 1.432 149.722 14.719 1.304 164.145 18.998 1.491 8 9 10 1.593 3.627 1.397 3.781 1.236 3.632 1.369 3.516 901 3.221 1.386 3.052 1.267 2.925 1.323 3.212 2.262 5.287 2.455 6.614 11 12 68.094 46.428 14.085 5.986 1.595 72.650 48.145 15.699 7. 124 1.682 78.053 50.607 16.882 8.852 1.712 83.905 53.074 18.101 10.670 2.060 90.261 55.899 19.560 12.783 2.019 96.727 58.218 21.206 14.944 2.359 103.995 61.043 22.703 17.245 3.004 112.408 63.418 25.231 20.184 3.575 121.797 67.228 26.355 23.921 4.293 129.965 70.936 27.000 26.565 5.464 13 14 15 16 17 1.091 501 1.247 469 1.587 403 1.617 463 1.788 686 2.149 603 2.554 910 2.915 1.024 2.959 1.394 3.408 1.214 18 19 CORPORATE 1EQUITIES 1 TOTAL AT MARKET VALUE 2 OPEN-END INVESTMENT COS. 3 OTHER SECTORS 453.988 15.818 438.170 450.998 17.026 433.972 573.996 22.875 551.121 505.685 21.271 484.414 597.021 25.214 571.807 662.086 29.116 632.970 748.968 35.220 713.748 682.653 34.829 647.824 868.639 1034.029 52.677 44.701 823.938 981.352 1 2 3 4 MARKET VALUE OF HOLDINGS 5 HOUSEHOLDS REST OF THE WORLD 6 7 COMMERCIAL BANKING 8 MUTUAL SAVINGS BANKS 453.988 401.991 9.363 11 1.400 450.998 395.458 9.302 15 1.300 573.996 500.804 11.808 16 1.600 505.685 437.434 10.336 16 1.500 597.021 513.893 12.485 17 1.800 662.086 564.703 13.835 20 2.000 748.968 635.595 14.599 30 2.300 682.653 575.612 12.643 41 2.000 868.639 1034.029 859.375 720.833 29.517 25.511 64 52 2.400 2.500 4 5 6 7 8 9 10 11 12 13 INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT, RTR. FUNDS OTHER INSURANCE COMPANIES 26.790 4.561 14.525 500 7.204 29.582 4.981 16.545 600 7.456 39.323 6.258 22.856 900 9.309 37.807 6.302 21.885 1.000 8.62 0 46.264 7.135 27.670 1.500 9.959 54.994 7.938 33.705 2.000 11.351 64.380 9.126 40.754 2.500 12.000 62.100 8.832 39.468 2.800 11.000 78.881 10.877 51.104 3.900 13.000 95.086 13.230 61.456 5.800 14.600 9 10 11 12 13 14 15 OPEN-END INVESTMENT COS. BROKERS + DEALERS 13.867 566 14.806 535 20.252 193 18.339 253 22.085 477 25.638 896 30.863 1.201 28.943 1.314 39.176 1.686 46.082 1.505 14 15 16 MEMO: HH HOLDINGS EXCL. OPEN-END INVESTMENT COS. 386.173 378.432 477.929 416.163 488.679 535.587 600.375 540.783 676.132 806.698 16 MILLIONS OF DOLLARS OCTOBER 1979 PRIVATE SECURITIES PRIVATE SECURITIES STATE + LOCAL GOVERNMENT, CORPORATE, ANO FOREIGN SECURITIES YEAR-END OUTSTANDINGS, YEAR-END OUTSTANDINGS, 1969-78 1970 1969 1971 1972 1973 1974 1975 1976 1977 1978 1969-78 STATE AND LOCAL GOVERNMENT SECURITIES 1 2 3 4 5 133.145 133.145 10.909 122.236 0 144.376 144.376 13.252 131.124 0 161.798 161.712 15.735 145.977 86 176.507 175.873 15.787 160.086 634 191.215 188.785 16.102 172.683 2.430 207.695 203.617 18.811 184.806 4.078 223.843 217.165 18.552 198.613 6.678 239.507 230.344 14.485 215.859 9.163 263.160 250.502 11.856 238.646 12.658 291.438 275.622 12.443 263.179 15.816 TOTAL LIABILITIES STATE + LOCAL GOVERNMENTS SHORT-TERM OTHER NONFIN. CORPORATE BUSINESS (POLLUTION CONTROL) 1 2 3 4 5 6 7 8 9 133.145 46.871 2.800 2.236 144.376 46.019 2.175 2.384 161.798 46.116 3.175 2.132 176.507 48*373 4.175 1.833 191.215 53.658 4.038 2.062 207.695 61.860 4.654 2.586 223.843 68.061 4.481 4.969 239.507 70.595 3.419 7.341 263.160 73.202 3.468 7.257 291.438 75.014 3.658 8.275 TOTAL ASSETS HOUSEHOLDS NONFIN. CORPORATE BUSINESS S. + L. GOVT., GEN. FUNDS 6 7 8 9 10 11 12 59.536 100 193 70.204 123 197 82.811 150 390 89.960 16 5 873 95.656 185 921 101.148 500 930 102.927 1.508 1.545 105.976 1.225 2.417 115.155 1.200 2.828 126.205 1.275 3.335 13 14 15 16 3.221 2.331 15.496 361 3.306 2.032 17.021 915 3.363 2.152 20.481 1.028 3.367 2.029 24.820 912 3.412 1.691 28.462 1.130 3.667 983 30.662 705 4.508 1.940 33.273 631 5.594 3.360 38.679 901 6.051 3.544 49.390 1.065 6.402 3.954 62.456 864 COMMERCIAL BANKING SAVINGS+LOAN ASSNS MUTUAL SAVINGS BANKS 10 11 12 LIFE INSURANCE COMPANIES ST.+LOC. GOVT, RTR. FUNDS OTHER INSURANCE COMPANIES BROKERS + DEALERS 13 14 15 16 CORPORATE AND FOREIGN BONDS 1 2 3 4 5 6 7 177.974 147.550 13.198 2.037 0 15.094 95 201.280 167.306 14.072 2.135 0 17.167 600 224.793 186.113 15.012 2.990 0 19.662 1.016 243.143 198.300 16.042 4.127 0 23.284 1.390 256.774 207.459 17.000 4.135 0 26.240 1.940 280.644 227.129 19.102 4.290 0 28.024 2.099 317.012 254.333 25.318 4.479 50 30.733 2.099 354.244 277.164 33.878 5.161 140 35.985 1.916 390.393 298.141 38.929 5.715 1.295 44.484 1.82 9 421.999 318.257 42.942 5.892 1.961 51.314 1.633 TOTAL LIABILITIES NONFIN. CORPORATE BUSINESS REST OF THE WORLD COMMERCIAL BANKS SAVINGS + LOAN ASSOCIATIONS FINANCE COMPANIES REITS 8 9 10 177.974 24.799 2.027 201.280 34.265 2.698 224.793 43.052 2.990 243.143 48.023 3.061 256.774 50.051 3.130 280.644 55.164 3.980 317.012 63.514 4.573 354.244 69.305 5.463 390.393 66.339 8.983 421.999 64.825 10.612 TOTAL ASSETS HOUSEHOLDS REST OF THE WORLD 11 12 1.924 6.946 2.982 8. 147 3.922 12.030 5.235 14.166 5.575 13.074 6.596 13.990 8.400 17.536 7.754 20.335 7.714 21.498 7.417 21.566 13 14 15 16 17 137.118 72.673 27.613 30.559 6.273 147.220 74.144 29.443 35.055 8.578 156.083 79.610 28.614 38.996 8.863 165.564 86.602 27.594 43.227 8.141 178.375 92.455 29.481 48.437 8.002 195.357 96.443 33.969 54.933 10.012 215.260 105.538 35.750 61.780 12.192 241.088 122.422 35.461 67.099 16.106 275.736 141.180 42.080 72.688 19.788 309.249 158.480 47.984 81.427 21.358 18 19 3.586 1.574 4.286 1.682 4.910 1.806 5.068 2.026 4.196 2.373 3.792 1.765 4.766 2.963 6.977 3.322 6.475 3.648 1 2 3 4 5 6 7 8 9 10 COMMERCIAL BANKING MUTUAL SAVINGS BANKS 11 12 INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT, RTR. FUNDS OTHER INSURANCE COMPANIES 13 14 15 16 17 5.544 2.786 OPEN-END INVESTMENT COS. BROKERS + DEALERS 18 19 CORPORATE EQUITIES 1 2 3 914.642 48.289 866.353 906.991 1060.435 1197.968 47.618 56.694 59.831 859.373 1003.741 1138.137 947.945 46.519 901.426 675.772 34.061 641.711 891.663 1106.644 1039.383 1086.103 42.178 46.991 42.773 42.565 849.485 1059.653 996.610 1043.538 TOTAL AT MARKET VALUE OPEN-END INVESTMENT COS. OTHER SECTORS 1 2 3 4 5 6 7 8 914.642 746.854 26.761 72 2. 500 906.991 1060.435 1197.968 729.426 914.084 834.060 27.209 30.811 39.059 89 85 108 3.500 2.800 4.500 947.945 712.655 33.516 157 4.200 675.772 504.784 24.221 169 3.700 891.663 1106.644 1039.383 1086.103 659.653 776.990 827.234 808.508 39.704 42.007 35.313 42.866 179 214 245 118 4.400 4.800 4.400 4.800 MARKET VALUE OF HOLDINGS HOUSEHOLDS REST OF THE WORLD COMMERCIAL BANKING MUTUAL SAVINGS BANKS 4 5 6 7 8 9 10 11 12 13 95.732 13.707 61.425 7.300 13.300 105.807 15.420 67.087 10.100 13.200 141.257 20.607 88.650 15.400 16.600 186.083 26.845 115.238 22.200 21.800 156.342 25.919 90.523 20.200 19.700 114.405 21.920 63.285 16.400 12.800 155.110 28.051 88.559 24.300 14.200 190.962 34.262 109.700 30.100 16.900 181.888 32.916 101.872 30.000 17.100 196.100 35.500 107.900 33.300 19.400 14 15 40.857 1.866 39.683 1.977 48.621 2.101 51.728 2.406 38.321 2.754 26.347 2. 146 33.664 3.344 37.267 3.701 31.729 4.027 16 698.565 681.808 777.366 854.253 666.136 470.723 617.475 780.243 734.217 MILLIONS OF DOLLARS INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT, RTR. FUNDS OTHER INSURANCE COMPANIES 9 10 11 12 13 31.405 3.165 OPEN-END INVESTMENT COS. BROKERS + DEALERS 14 15 765.943 MEMO: HH HOLDINGS EXCL. OPEN-END INVESTMENT COS. 16 OCTOBER 1979 MORTGAGES - I MORTGAGES 144 I MORTGAGE MARKETS BY TYPE OF MORTGAGE YEAR-END OUTSTANDINGS, YEAR-END OUTSTANDINGS, 1949-58 1949 1950 1951 1952 1953 1954 1949-58 1955 1956 1957 1958 TOTAL MORTGAGES 1 TOTAL MORTGAGES 2 HOME MORTGAGES MULTI-FAMILY RESID. 3 4 COMMERCIAL FARM 5 6 7 8 9 10 11 12 13 14 15 16 17 18 LIABILITIES OF: U.S. GOVERNMENT SAVINGS + LOAN ASSOCIATIONS REITS PRIVATE NONFINANCIAL SECTORS HOUSEHOLDS NONPROFIT INSTITUTIONS NONFINANCIAL BUSINESS FARMS NONFARM NONCORPORATE CORPORATE ASSETS OF: HOUSEHOLDS ST.+LOC. GOVT, GEN. FUNDS 19 20 21 U.S. GOVERNMENT SPONSORED CREDIT AG. MORTGAGE POOLS 22 23 24 25 26 27 PRIVATE FINAN. INSTITUTIONS COMMERCIAL BANKING SAVINGS INSTITUTIONS S+L ASSOCIATIONS (1) MUTUAL SAVINGS BANKS CREDIT UNIONS (1) 62.875 37.621 7.829 11.846 5.579 73.014 45.175 9.301 12.467 6.071 82.477 51.718 10.642 13.466 6.651 91.595 58.508 11.481 14.370 7.236 101.495 66.102 12.121 15.535 7.737 113.868 75.677 12.665 17.280 8.246 130.089 88.249 13.490 19.328 9.022 144.649 99.001 14.064 21.749 9.835 156.812 107.617 14.611 24.187 10.397 172.496 117.687 16.565 27.135 11.109 1 2 3 4 5 0 275 0 0 321 0 0 368 0 0 500 0 0 550 0 0 789 0 0 912 0 0 887 0 96 856 0 532 1.161 0 6 7 8 62.600 35.284 1.515 25.801 5.579 6.361 13.861 72.693 41.998 1.978 28.717 6.071 7.511 15.135 82.109 48.622 2.490 30.997 6.651 8. 167 16.179 91.095 54.834 2.953 33.308 7.236 8.857 17.215 100.945 62.458 3.442 35.045 7.737 9.207 18.101 113.079 71.144 4.034 37.901 8.246 9.923 19.732 129.177 83.305 4.624 41.248 9.022 10.628 21.598 143.762 94.538 5.299 43.925 9.835 10.865 23.225 155.860 103.419 6.041 46.400 10.397 11.146 24.857 170.803 112.882 6.824 51.097 11.109 12.275 27.713 9 10 11 12 13 14 15 62.875 16.863 185 73.014 17.531 237 82.477 18.425 306 91.595 19.089 409 101.495 20.081 492 113.868 21.214 5 82 130.089 22.475 641 144.649 24.059 721 156.812 25.997 923 172.496 28.562 1.135 16 17 18 1.462 905 7 1.777 952 32 2.391 1.01C 43 2.936 1.091 53 3.326 1.180 60 3.425 1.281 78 3.622 1.583 116 3.644 2.390 149 3.925 3.553 173 4.335 3.468 190 19 20 21 43.453 11.645 18.387 11.616 6.705 66 52.485 13.663 21.985 13.657 8.262 66 60.302 14.732 25.557 15.564 9.916 77 68.017 15.867 29.888 18.396 11.380 112 76.356 16.850 35.041 21.962 12.943 136 87.288 18.574 41.263 26.108 15.007 148 101.652 21.004 49.040 31.409 17.457 174 113.686 22.719 55.705 35.729 19.746 230 122.241 23.337 61.441 40.007 21.169 265 134.806 25.523 69.183 45.627 23.263 293 22 23 24 25 26 27 13.133 12.906 82 52 93 16.383 16.102 102 75 104 19.657 19.314 120 105 118 21.664 21.251 149 141 123 23.841 23.322 192 188 139 26.606 25.976 238 249 143 30.236 29.445 321 318 152 33.994 32.989 449 395 161 36.520 35.236 583 540 161 38.700 37.062 742 736 160 28 29 30 31 32 288 0 454 0 28 29 30 31 32 INSURANCE LIFE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT,' RTR. FUND OTHER INSURANCE COS. 33 34 FINANCE COMPANIES REITS 356 0 598 0 624 0 845 0 1.372 0 1.268 0 943 0 1.400 0 33 34 35 (1) 42 7 810 911 MEMO: FHLB LOANS TO S+L ASSOCIATIONS (INCLUDED IN "OTHER LOANS » CATEGORY). 864 952 867 1.417 1.228 1.265 1.298 35 HOME MORTGAGES 1 TOTAL LIABILITIES 2 HOUSEHOLDS 3 NONFARM NONCORP. BUSINESS 4 NONFIN. CORPORATE BUSINESS 5 SAVINGS + LOAN ASSOCIATIONS 37.621 35.284 1.031 1.031 275 45.175 41.998 1.428 1.428 321 51.718 48.622 1.364 1.364 368 58.508 54.834 1.587 1.58T 500 66.102 62.458 1.547 1.547 550 75.677 71.144 1.872 1.872 789 88.249 83.305 2.016 2.016 912 99.001 94.538 1.788 1.788 887 107.617 103.419 1.671 1.671 856 117.687 112.882 1.822 1.822 1.161 1 2 3 4 5 6 TOTAL ASSETS 7 HOUSEHOLDS 8 STATE + LOCAL GOVERNMENTS 37.621 7.377 175 45.175 7.576 221 51.718 7.836 283 58.508 7.853 360 66.102 8.171 420 75.677 8.370 485 88.249 8.460 5 23 99.001 8.722 594 107.617 9.261 789 117.687 9.617 983 6 7 8 1.176 0 0 7.956 1.468 0 0 9.481 2.063 0 0 10.275 2.523 0 0 11.250 2.770 0 0 12.025 2.770 0 0 13.300 2.929 86 0 15.075 2.885 649 0 16.245 3.051 1.636 0 16.385 3.281 1.381 0 17.628 9 10 11 12 14.547 11.117 3.364 66 17.494 13.116 4.312 66 20.252 14.844 5.331 77 24.128 17.645 6.371 112 28.812 20.999 l.bll 136 34.639 25.004 9.487 148 42.013 30.001 11.838 174 48.253 34.004 14.019 230 53.667 37.996 15.406 265 60.459 42.890 17.276 293 13 14 15 16 6.151 6.093 33 25 8.558 8.478 43 37 10.713 10.610 51 52 11.893 11.757 65 71 13.377 13.195 85 97 15.391 15.153 107 131 17.979 17.661 148 170 20.551 20.130 208 213 22.005 21.441 271 293 23.116 22.374 344 398 17 18 19 20 239 0 377 0 296 0 501 0 527 0 722 0 1.184 0 1.102 0 823 0 1.222 0 21 22 9 10 11 12 U.S. GOVERNMENT SPONS. CREDIT AGENCIES MORTGAGE POOLS COMMERCIAL BANKING 13 14 15 16 SAVINGS INSTITUTIONS SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS CREDIT UNIONS 17 18 19 20 INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT, RTR. FUNDS 21 22 FINANCE COMPANIES REITS MILLIONS OF DOLLARS OCTOBER 1979 MORTGAGES - I I MORTGAGES 145 MORTGAGE MARKETS BY TYPE OF MORTGAGE YEAR-END OUTSTANDINGS, 1959 1960 YEAR-END OUTSTANDINGS, 1959-68 1961 1962 1963 1964 1965 1966 1967 1968 1959-68 TOTAL MORTGAGES 1 2 3 4 5 191.862 130.854 18.700 30.207 12.101 208.947 141.940 20.786 33.383 12.838 229.638 154.733 23.622 37.366 13.917 253.371 169.302 26.732 42.144 15.193 280.471 186.396 30.024 47.229 16.822 307.932 203.358 34.578 51.054 18.942 335.348 220.479 38.213 55.469 21.187 358.406 232.919 41.275 61.160 23.052 382.873 247.205 44.815 65.836 25.017 412.527 264.563 48.251 72.536 27.177 6 7 8 847 1.293 0 1.252 1.186 0 1.474 1.550 0 1.734 J..999 0 1.796 2.5 28 0 1.826 2.239 0 1.845 2.198 0 1.783 1.270 0 1.720 2.257 0 1.654 2.449 200 9 10 11 12 13 14 15 189.722 125.719 7.602 56.401 12.101 13.517 30.783 206.509 137.410 8.432 60.667 12.838 14.412 33.417 226.614 149.605 9.301 67.708 13.917 16.381 37.410 249.638 163.753 10.288 75.597 15.193 18.546 41.858 276.147 180.002 11.257 84.888 16.822 21.355 46.711 303.867 197.477 12.258 94.132 18.942 24.796 50.394 331.305 214.489 13.396 103.420 21.187 27.949 54.284 355.353 228.635 14.562 112.156 23.052 30.412 58.692 378.896 241.038 15.626 122.232 25.017 34.021 63.194 408.224 257.988 16.701 133.535 27.177 37.082 69.276 16 17 18 191.862 30.659 1.390 208.947 33.426 1.582 229.638 36.662 1.849 253.371 38.766 2.100 280.471 40.250 2.297 307.932 41.747 2.524 335.348 42.186 2.713 358.406 44.216 2.888 382.873 46.114 3.003 412.527 48.668 3.195 19 20 21 5.605 4.410 204 5.800 5.467 202 6.249 5.700 290 6.322 5.898 413 5.917 5.371 525 5.870 5.715 624 5.853 6.801 869 6.831 9.354 1.314 7.824 11.131 1.988 9.261 13.293 2.526 22 23 24 25 26 27 149.594 28.145 78.478 53.141 24.992 345 162.470 28.806 87.382 60.070 26.935 377 178.888 30.442 98.386 68.834 29.145 407 199.872 34.476 111.545 78.770 32.320 455 226.111 39.414 127.670 90.944 36.224 502 251.452 43.976 142.436 101.333 40.556 547 276.926 49.675 155.503 110.306 44.617 580 293.803 54.355 162.371 114.402 47.336 633 312.813 58.894 172.838 121.680 50.490 668 335.584 65.476 184.746 130.582 53.457 707 28 29 30 31 32 41.324 39.197 989 992 146 44.671 41.771 1.301 1.450 149 47.814 44.203 1.560 1.896 155 51.154 46.902 1.876 2.242 134 55.497 50.544 2.220 2.612 121 61.120 55.152 2.778 3.070 120 67.286 60.013 3.385 3.746 142 73.179 64.609 3.911 4.516 143 76.787 67.516 4.083 5.003 185 79.597 69.975 4.067 5.362 193 33 34 1.647 0 1.611 0 2.246 0 2.697 0 3.530 0 3.920 0 4.462 0 3.898 0 4.294 0 4.935 830 35 2. 134 1.981 2.662 3.479 4.784 5.325 5.997 6.935 1 2 3 4 5 TOTAL MORTGAGES HOME MORTGAGES MULTI-FAMILY RESID. COMMERCIAL FARM LIABILITIES OF: U.S. GOVERNMENT SAVINGS + LOAN ASSOCIATIONS REITS PRIVATE NONFINANCIAL SECTORS HOUSEHOLDS NONPROFIT INSTITUTIONS NONFINANCIAL BUSINESS FARMS NONFARM NONCORPORATE CORPORATE ASSETS OF: HOUSEHOLDS ST.+LOC. GOVT, GEN. FUNDS U.S. GOVERNMENT SPONSORED CREDIT AG. MORTGAGE POOLS (1) PRIVATE FINAN. INSTITUTIONS COMMERCIAL BANKING SAVINGS INSTITUTIONS S+L ASSOCIATIONS (1) MUTUAL SAVINGS BANKS CREDIT UNIONS 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 INSURANCE LIFE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT, RTR. FUNO OTHER INSURANCE COS. 28 29 30 31 32 FINANCE COMPANIES REITS 33 34 5.259 4.386 (1) MEMO: FHLB LOANS TO S+L ASSOCIATIONS (INCLUDED IN "OTHER LOANS" CATEGORY). 35 HOME MORTGAGES 1 2 3 4 5 130.854 125.719 1.921 1.921 1.293 141.940 137.410 1.672 1.672 1.186 154.733 149.605 1.789 1.789 1.550 169.302 163.753 1.775 1.775 1.999 186.396 180.002 1.933 1.933 2.528 203.358 197.477 1.821 1.821 2.239 220.479 214.489 1.896 1.896 2.198 232.919 228.635 1.507 1.507 1.270 247.205 241.038 1.955 1.955 2.257 264.563 257.988 2.063 2.063 2.449 TOTAL LIABILITIES HOUSEHOLDS NONFARM NONCORP. BUSINESS NONFIN. CORPORATE BUSINESS SAVINGS + LOAN ASSOCIATIONS 1 2 3 4 5 6 7 8 130.854 9.415 1.222 141.940 10.169 1.388 154.733 11.121 1.564 169.302 12.379 1.656 186.396 13.549 1.681 203.358 15.135 1.696 220.479 16.309 1.705 232.919 17.689 1.749 247.205 19.136 1.741 264.563 21.325 1.751 TOTAL ASSETS HOUSEHOLDS STATE + LOCAL GOVERNMENTS 6 7 8 9 10 11 12 4. 206 2.050 0 19.200 4.235 2.901 0 19.242 4.448 2.870 4 20.038 4.497 2.834 8 22.129 4. 124 2.050 15 24.910 4.023 1.986 41 27.220 3.900 2.510 154 30.401 4.537 4.386 460 32.803 5.253 5.513 953 35.275 6.155 7.151 1.377 38.765 13 14 15 16 68.746 49.535 18.866 345 76.338 55.386 20.575 377 85.229 62.395 22.427 407 95.046 69.761 24.830 455 107.302 79.058 27.742 502 118.507 87.172 30.788 547 128.618 94.225 33.813 580 133.675 97.398 35.644 633 141.560 103.202 37.690 668 150.275 110.075 39.493 707 17 18 19 20 24.578 23.583 459 536 26.263 24.879 602 782 27.508 25.776 717 1.015 28.419 26.374 855 1.190 29.716 27.331 1.006 1.379 31.384 28.525 1.250 1.609 33.059 29.589 1.516 1.954 34.290 30.233 1.730 2.327 34.116 29.763 1.793 2.560 33.528 29.030 1.774 2.724 21 22 1.437 0 1.404 0 1.951 0 2.334 0 3.049 0 3.366 0 3.823 0 3.330 0 3.658 0 4.201 35 MILLIONS OF DOLLARS U.S. GOVERNMENT SPONS. CREDIT AGENCIES MORTGAGE POOLS COMMERCIAL BANKING 9 10 11 12 SAVINGS INSTITUTIONS SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS CREDIT UNIONS 13 14 15 16 INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT, RTR. FUNDS 17 18 19 20 FINANCE COMPANIES REITS 21 22 OCTOBER 1979 MORTGAGES - I MORTGAGES - I 146 MORTGAGE MARKETS BY TYPE OF MORTGAGE YEAR-END OUTSTANDINGS, 1969-78 YEAR-END OUTSTANDINGS, 1969 1970 1971 1972 1973 1974 1975 1976 1977 1969-78 1978 TOTAL MORTGAGES 1 TOTAL MORTGAGES 2 HOME MORTGAGES 3 MULTI-FAMILY RESID. 4 COMMERCIAL FARM 5 6 7 8 9 10 11 12 13 14 15 16 17 18 LIABILITIES OF: U.S. GOVERNMENT SAVINGS + LOAN ASSOCIATIONS REITS 525.656 327.647 69.982 95.820 32.207 602.427 371.352 82.740 112.577 35.758 682.321 416.211 93.132 131.725 41.253 742.512 449.371 99.976 146.877 46.288 801.537 490.761 100.601 159.298 50.877 1.573 2.455 430 1.498 3.078 546 1.426 5.029 680 1.340 6.209 1.160 1.269 4.667 1.480 1.163 3.244 1.649 1.073 5.128 2.028 438.780 276.531 17.884 144.365 28.995 40.785 74.585 468.026 290.666 19.042 158.318 29.826 47.250 81.242 518.521 317.064 20.251 181.206 32.207 56.948 92.051 593.718 358.587 21.547 213.584 35.758 68.863 108.963 674.905 405.696 22.640 246.569 41.253 78.194 127.122 736.456 440.925 23.736 271.795 46.288 84.766 140.741 443.238 51.290 3.652 473.148 52.896 4.569 525.656 54.114 5.648 602.427 60.459 7.035 682.321 63.893 8.735 10.231 17.664 3.204 10.533 23.046 4.755 10.153 26.672 9.526 9.470 30i687 14.404 357.197 70.517 196.913 140.044 56.138 731 377.349 72.755 208.559 149.811 57.948 800 419.543 82.515 236.264 173.439 61.978 84 7 82.018 72.027 4.216 5.575 200 84.711 74.375 4.171 5.92 0 245 5.742 2.007 7.420 3.904 889.202 1023.470 1172.502 556.456 656.159 761.905 122.004 104.505 111.809 171.210 189.834 212.597 57.031 75.996 65.668 982 6.840 2.416 869 9.911 2.428 1 2 3 4 5 6 7 8 793.308 479.007 24.775 289.526 50.877 86.690 151.959 878.964 1010.262 1158.470 540.558 633.978 738.212 25.839 26.886 27.902 312.567 392.356 349.398 57.031 65.668 75.996 90.177 99.240 109.028 184.490 207.332 165.359 9 10 11 12 13 14 15 742.512 68.156 11.205 801.537 71.854 12.812 889.202 1023.470 1172.502 79.849 91.765 106.223 14.062 14.653 15.623 16 17 18 8.871 37.850 18.040 10.293 48.027 23.799 13.517 53.374 34.138 10.455 56.298 49.801 10.225 59.781 70.289 9.854 71.999 88.633 19 20 21 480.372 99.314 273.748 205.192 67.556 1.000 544.932 119.068 306.404 231.733 73.230 1.441 581.032 132.105 325.734 249.301 74.920 1. 513 615.842 136.186 357.832 278.590 77.249 1.993 678.737 151.326 407.144 323.005 81;639 2.500 776.757 178.979 472.220 381.216 88.104 2.900 880.170 213.963 531.328 432.858 95.157 3.313 22 23 24 25 26 27 85.665 75.496 3.658 6.288 223 86.327 76.948 2.728 6.470 181 91.052 81.369 2.376 7.141 166 96.465 86.234 2.372 7.702 157 99.314 89.168 2.383 7.542 221 101.930 91.555 2.370 7.732 273 108.073 96.765 2.735 8.189 384 118.107 105.932 3.070 8.714 391 28 29 30 31 32 8.896 6.203 10.587 10.396 12.452 15.956 10.583 16.145 9.332 13.178 8.966 9.371 10.465 7.020 10.837 5.935 33 34 9.289 MEMO: FHLB LOANS TO S+L 7.936 10.615 ASSOCIATIONS (INCLUDED IN ‘’OTHER LOANS" CATEGORY). 7.979 15.147 21.804 17.845 15.862 20.173 32.670 35 PRIVATE NONFINANCIAL SECTORS HOUSEHOLDS NONPROFIT INSTITUTIONS NONFINANCIAL BUSINESS FARMS NONFARM NONCORPORATE CORPORATE ASSETS OF: HOUSEHOLDS ST.+LOC. GOVT, GEN. FUNDS U.S. GOVERNMENT SPONSORED CREDIT AG. MORTGAGE POOLS 22 23 24 25 26 27 PRIVATE FINAN. INSTITUTIONS COMMERCIAL BANKING SAVINGS INSTITUTIONS S+L ASSOCIATIONS (1) MUTUAL SAVINGS BANKS CREDIT UNIONS (1) 28 29 30 31 32 INSURANCE LIFE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT,~ RTR. FUND OTHER INSURANCE COS. 33 34 FINANCE COMPANIES REITS (1) 473.148 297.698 60.088 85.536 29.826 772 10.737 2.523 19 20 21 35 443.238 282.696 53.176 78.371 28.995 HOME MORTGAGES 1 TOTAL LIABILITIES 2 HOUSEHOLDS 3 NONFARM NONCORP. BUSINESS 4 NONFIN. CORPORATE BUSINESS 5 SAVINGS + LOAN ASSOCIATIONS 282.696 276.531 1.855 1.855 2.455 297.698 290.666 1.977 1.977 3.078 327.647 317.064 2.777 2.777 5.029 371.352 358.587 3.278 3.278 6.209 416.211 405.696 2.924 2.924 4.667 449.371 440.925 2.601 2.601 3.244 490.761 479.007 3.313 3.313 5.128 556.456 540.558 4.529 4.529 6.840 656.159 633.978 6.135 6.135 9.911 761.905 738.212 6.478 6.478 10.737 1 2 3 4 5 6 TOTAL ASSETS 7 HOUSEHOLDS STATE + LOCAL GOVERNMENTS 8 282.696 23.555 1.809 297.698 23.340 1.884 327.647 26.298 1.978 371.352 29.560 2.092 416.211 32.585 2.642 449.371 34.956 3.385 490.761 37.472 4.154 556.456 41.940 4.970 656.159 48.950 5.035 761.905 57.319 5.362 6 7 8 6.361 10.919 1.813 41 .356 6.234 15.538 3.028 42.329 5.615 17.615 7.306 48.020 4.991 19.464 11.568 57.004 4.211 22.939 14.760 67.998 5.016 28.401 20.112 74.758 6.926 30.950 30.029 77.018 4.100 31.424 44.524 86.234 3.801 31.912 63.518 105.115 2.806 40.913 79.349 126.966 9 10 11 12 159.574 117.741 41.102 731 167.492 124.543 42.149 800 185.264 140.982 43.435 847 212.837 165.608 46.229 1.000 237.330 187.078 48.811 1.441 251.713 200.987 49.213 1.513 275.921 223.903 50.025 1.993 316.383 260.794 53.089 2.500 371.266 310.729 57.637 2.900 421.721 356.156 62.252 3.313 13 14 15 16 32.228 27.649 1.829 2.750 31.405 26.762 1.781 2.862 29.083 24.645 1.488 2.950 26.390 22.315 1.076 2.999 24.438 20.426 846 3.166 23.082 19.026 819 3.237 21.136 17.590 679 2.867 19.538 16.088 606 2.844 18.421 14.727 650 3.044 18.473 14.449 744 3.280 17 18 19 20 4.868 213 5.843 605 5.683 785 6.236 1.210 7.428 1.880 6.240 1.708 5.789 1.366 6.222 1.121 7.249 892 8.241 755 21 22 9 10 11 12 U.S. GOVERNMENT SPONS. CREDIT AGENCIES MORTGAGE POOLS COMMERCIAL BANKING 13 14 15 16 SAVINGS INSTITUTIONS SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS CREDIT UNIONS 17 18 19 20 INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT, RTR. FUNDS 21 22 FINANCE COMPANIES REITS MILLIONS OF DOLLARS OCTOBER 1979 MORTGAGES - II MORTGAGES - II 147 MORTGAGE MARKETS - CONTINUED YEAR-END OUTSTANDINGS, YEAR-END OUTSTANDINGS, 1949-58 1950 1949 1951 1952 1953 1954 1955 1956 1957 1958 1949-58 MULTI-FAMILY RESIDENTIAL MORTGAGES 1 2 3 4 5 7.829 4.297 3.532 0 0 9.301 5.034 4.267 0 0 10.642 5.705 4.937 0 0 11.481 6.128 5.353 0 0 12.121 6.451 5.670 0 0 12.665 6.726 5.939 0 0 13.490 7.142 6.348 0 0 14.064 7.432 6.632 0 0 14.611 7.660 6.855 0 96 16.565 8.422 7.611 0 532 TOTAL LIABILITIES NONFARM NONCORP. BUSINESS NONFIN. CORPORATE BUSINESS REITS U.S. GOVERNMENT 1 2 3 4 5 6 7 8 7.829 2. 287 0 9.301 2.605 0 10.642 2.865 0 11.481 3.175 0 12.121 3.403 0 12.665 3.688 0 13.490 4.055 0 14.064 4.443 0 14.611 4.915 0 16.565 5.984 6 TOTAL ASSETS HOUSEHOLDS STATE + LOCAL GOVERNMENTS 6 7 8 9 10 11 12 28 0 0 720 40 0 0 950 60 0 0 995 74 0 0 938 184 0 0 900 268 0 0 852 383 0 0 813 426 0 0 759 46 9 0 0 762 603 0 0 963 13 14 15 2.416 211 2.205 2.971 229 2.742 3.569 305 3.264 3.833 321 3.512 4.071 414 3.657 4.202 478 3.724 4.344 614 3.730 4.441 757 3.684 4.493 889 3.604 16 17 18 2.296 25 18 2.615 31 26 3.031 37 36 3.288 45 48 3.363 57 64 3.404 69 83 3.552 90 103 3.615 124 126 19 20 39 0 63 0 49 0 80 0 79 0 99 0 150 0 U.S. GOVERNMENT SPONS. CREDIT AGENCIES MORTGAGE POOLS COMMERCIAL BANKS 9 10 11 12 4.891 1.232 3.659 SAVINGS INSTITUTIONS SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS 13 14 15 3.551 158 171 3.547 2 02 233 LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT, RTR. FUNDS 16 17 18 130 0 92 0 136 0 FINANCE COMPANIES REITS 19 20 COMMERCIAL MORTGAGES 1 2 3 4 5 11.846 1.515 1.033 9.298 0 12.467 1.978 1.049 9.440 0 13.466 2.490 1.098 9.878 0 14.370 2.953 1.142 10.275 0 15.535 3.442 1.209 10.884 0 17.280 4.034 1.325 11.921 0 19.328 4.624 1.470 13.234 0 21.749 5.299 1.645 14.805 0 24.18 7 6.041 1.815 16.331 0 27.135 6.824 2.031 18.280 0 TOTAL LIABILITIES HOUSEHOLDS NONFARM NONCORP. BUSINESS NONFIN. CORPORATE BUSINESS REITS 6 7 8 9 10 11.846 4.881 0 5 2.060 12.467 4.881 0 9 2.264 13.466 4.991 0 9 2.458 14.370 5.171 0 9 2.621 15.535 5.462 0 20 2.843 17.280 6.016 0 9 3.263 19.328 6.589 0 30 3.819 21.749 7.262 0 37 4.379 24.187 8.022 0 56 4.823 27.135 8.885 0 54 5.461 TOTAL ASSETS HOUSEHOLDS STATE + LOCAL GOVERNMENTS U.S. GOVERNMENT COMMERCIAL BANKING 6 7 8 9 10 11 12 13 1.387 288 1.099 1.476 312 1.164 1.689 415 1.274 1.874 430 1.444 2.105 549 1.556 2.366 626 1.740 2.625 794 1.831 2.952 968 1.984 3.224 1.122 2.102 3.780 1.505 2.275 SAVINGS INSTITUTIONS SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS 11 12 13 14 15 16 17 3.379 24 7 93 3.682 28 9 104 4.146 32 12 118 4.501 39 15 123 4.878 50 20 139 5.371 62 26 143 5.959 83 33 152 6.763 117 42 161 7.660 154 59 161 8.474 196 83 160 LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT, RTR. FUNDS OTHER INSURANCE COMPANIES 14 15 16 17 18 19 10 0 14 0 11 0 17 0 18 0 24 0 38 0 36 0 28 0 42 0 FINANCE COMPANIES REITS 18 19 1 2 3 4 5 farm MORTGAGES 1 5. 579 6.071 6.651 7.236 7.737 8.246 9.022 9.835 10.397 11.109 TOTAL LIABILITIES 1 2 3 4 5.579 2.318 10 6.071 2.469 16 6.651 2.733 23 7.236 2.890 49 7.737 3.045 72 8.246 3.140 97 9.022 3.371 118 9.835 3.632 127 10.397 3.799 134 11.109 4.076 146 TOTAL ASSETS HOUSEHOLDS STATE + LOCAL GOVERNMENTS 2 3 4 5 6 7 253 905 7 260 952 32 259 1.010 43 330 1.091 53 352 1.180 60 378 1.281 78 280 1.497 116 296 1.741 149 349 1.917 173 397 2.087 190 U.S. GOVERNMENT SPONSORED CREDIT AGENCIES MORTGAGE POOLS 5 6 7 8 9 10 11 909 37 1. 138 2 1.004 47 1.527 5 1.058 53 1.705 7 1.082 53 1.886 7 1.159 56 2.048 9 1.297 58 2.273 12 1.336 59 2.481 14 1.367 57 2.584 17 1.471 53 2.667 22 COMMERCIAL BANKS MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES ST.+LOC. GOVT, RTR. FUNDS 8 9 10 11 968 44 1.327 1 3 MILLIONS OF DOLLARS OCTOBER 1979 MORTGAGES - II MORTGAGES - II 148 MORTGAGE MARKETS - CONTINUED YEAR-END OUTSTANDINGS, 1959-68 YEAR-END OUTSTANDINGS, 1959 1960 1961 1962 1963 1964 1965 1959-68 1966 1967 1968 MULTI-FAMILY RESIDENTIAL MORTGAGES 1 TOTAL LIABILITIES 2 NONFARM NONCORP. BUSINESS 3 NONFIN. CORPORATE BUSINESS REITS 4 5 U.S. GOVERNMENT 18.700 9.335 8.518 0 847 20.786 10.245 9.289 0 1.252 23.622 11.785 10.363 0 1.474 26.732 13.585 11.413 0 1.734 30.024 15.825 12.403 0 1.796 34.578 19.095 13.657 0 1.826 38.213 21.846 14.522 0 1.845 41.275 24.245 15.247 0 1.783 44.815 27.045 16.050 0 1.720 48.251 29.449 17.082 66 1.654 1 2 3 4 5 6 TOTAL ASSETS 7 HOUSEHOLDS 8 STATE + LOCAL GOVERNMENTS 18.700 6.985 12 20.786 7.867 26 23.622 8.765 91 26.732 9.072 209 30.024 9.036 394 34.578 9.001 605 38.213 8.500 785 41.275 8.420 909 44.815 8.385 1 .041 48.251 8.330 1.202 6 7 8 9 10 11 12 U.S. GOVERNMENT SPONS. CREDIT AGENCIES MORTGAGE POOLS COMMERCIAL BANKS 904 0 0 1 .120 1.024 2 0 1.120 1.107 2 0 1.187 1.138 12 0 1.353 1.055 12 1 1.566 1.042 11 2 1.713 1.040 10 4 1.986 1.342 10 4 2.073 1.557 9 9 2.367 1.900 16 18 2.668 9 10 11 12 13 14 15 SAVINGS INSTITUTIONS SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS 5.272 1.652 3.620 5.914 2.183 3.731 6.966 3.052 3.914 8.693 4.342 4.351 10.800 5.824 4.976 12.763 7.064 5.699 14.405 8.122 6.283 15.203 8.605 6.598 16.428 9.477 6.951 17.799 10.544 7.255 13 14 15 16 17 18 LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT, RTR. FUNDS 3.666 268 313 3.865 353 458 4.250 427 603 4.748 516 716 5.343 614 838 7.236 781 997 8.811 956 1.222 10.289 1.110 1.478 11.717 1.165 1.646 12.754 1.161 1.764 16 17 18 19 20 FINANCE COMPANIES REITS 16 0 0 157 0 224 0 275 0 365 0 427 0 494 0 437 0 491 0 564 75 19 20 COMMERCIAL MORTGAGES 1 TOTAL LIABILITIES 2 HOUSEHOLDS 3 NONFARM NONCORP. BUSINESS 4 NONFIN. CORPORATE BUSINESS 5 REITS 6 TOTAL ASSETS 7 HOUSEHOLDS 8 STATE + LOCAL GOVERNMENTS 9 U.S. GOVERNMENT 10 COMMERCIAL BANKING 30.207 7.602 2.261 20.344 0 33.383 8.432 2.495 22.456 0 37.366 9.301 2.807 25.258 0 42.144 10.288 3.186 28.670 0 47.229 11.257 3.597 32.375 0 51.054 12.258 3.880 34.916 0 55.469 13.396 4.207 37.866 0 61.160 14.562 4.660 41.938 0 65.836 15.626 5.021 45.189 0 72.536 16.701 5.570 50.131 134 1 2 3 4 5 30.207 9.826 0 47 6.237 33.383 10.708 0 45 6. 796 37.366 11.827 0 56 7.470 42.144 11.976 0 62 8.972 47.229 11.790 0 75 10.611 51.054 10.981 0 101 12.405 55.469 10.093 0 127 14.377 61.160 10.456 0 140 16.366 65.836 10.422 0 196 17.931 72.536 9.898 0 283 20.505 6 7 8 9 10 11 12 13 SAVINGS INSTITUTIONS SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS 4.405 1.954 2.451 5.076 2.501 2.575 6.140 3.387 2.753 7.755 4.667 3.088 9.516 6.062 3.454 11.113 7.097 4.016 12.428 7.959 4.469 13.440 8.399 5.041 14.733 9.001 5.732 16.555 9.963 6.592 11 12 13 14 15 16 17 LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT, RTR. FUNDS OTHER INSURANCE COMPANIES 9.121 26 2 113 146 10.045 346 168 149 11.007 416 224 155 12.380 505 272 134 14.078 600 322 121 15.087 747 373 120 16.790 913 454 142 18.847 1.071 566 143 20.467 1.125 632 185 22.388 1.132 692 193 14 15 16 17 18 19 FINANCE COMPANIES REITS 50 0 50 0 71 0 88 0 116 0 127 0 145 0 131 0 145 0 170 720 18 19 FARM MORTGAGES 1 TOTAL LIABILITIES 12.101 12.838 13.917 15.193 16.822 18.942 21.187 23.052 25.017 27.177 1 2 TOTAL ASSETS 3 HOUSEHOLDS 4 STATE + LOCAL GOVERNMENTS 12.101 4.433 156 12.838 4.682 168 13.917 4.949 194 15.193 5.339 235 16.822 5.875 222 18.942 6.630 223 21.187 7.284 223 23.052 7.651 230 25.017 8.171 221 27.177 9.115 242 2 3 4 5 6 7 U.S. GOVERNMENT SPONSORED CREDIT AGENCIES MORTGAGE POOLS 448 2.360 204 496 2.564 202 638 2.82 8 286 625 3.052 405 663 3.309 509 7 04 3.718 581 786 4.281 711 812 4.958 85 0 818 5.609 1.026 923 6.126 1.131 5 6 7 8 9 10 11 COMMERCIAL BANKS MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES ST.+LOC. GOVT, RTR. FUNDS 1.588 55 2.82 7 30 1.648 54 2.982 42 1.747 51 3.170 54 2.022 51 3.400 64 2.327 52 3.792 73 2.638 53 4.304 91 2.911 52 4.823 116 3.113 53 5.240 145 3.321 117 5.569 165 3.538 117 5.803 182 8 9 10 11 MILLIONS OF DOLLARS OCTOBER 1979 MORTGAGES - II MORTGAGES - II 149 MORTGAGE MARKETS - CONTINUED YEAR-END OUTSTANDINGS, 1969-78 1970 1969 1971 YEAR-END OUTSTANDINGS, 1972 1973 1974 1975 1976 1977 1978 1969-78 MULTI-FAMILY RESIDENTIAL MORTGAGES 1 2 3 4 5 53.176 32.910 18.551 142 1.573 60.088 38.660 19.750 180 1.498 69.982 46.660 21.672 224 1.426 82.740 56.560 24.457 383 1.340 93.132 64.461 26.914 488 1.269 99.976 69.961 28.308 544 1.163 100.601 70.061 28.798 669 1.073 104.505 71.273 31.453 797 982 111.809 76.973 33.166 801 86 9 122.004 84.249 36.150 833 772 TOTAL LIABILITIES NONFARM NONCORP. BUSINESS NONFIN. CORPORATE BUSINESS REITS U.S. GOVERNMENT I 2 3 4 5 6 7 8 53.176 7.905 1.588 60.088 7.945 2.160 69.982 6.849 2.876 82.740 7.418 3.854 93.132 6.380 4.771 99.976 6.290 6.123 100.601 5.955 6.871 104.505 6.180 7.181 111.809 6.605 7.599 122.004 7.231 8.046 TOTAL ASSETS HOUSEHOLDS STATE + LOCAL GOVERNMENTS 6 7 8 9 10 11 12 2.581 31 35 3.217 3.087 321 60 3.311 3.486 1.140 114 3.984 3.76 8 2.129 392 5.778 4.066 3.963 616 6.932 4.771 6. 169 785 7.619 5.905 6.410 1.263 5.915 5.963 6.350 1.910 8.082 5.972 6.403 3.089 9.215 6.730 6.389 4.966 10.912 U.S. GOVERNMENT SPONS. CREDIT AGENCIES MORTGAGE POOLS COMMERCIAL BANKS 9 10 11 12 13 14 15 19.326 11.746 7.580 21.565 13.777 7.788 27.105 17.519 9.586 31.861 20.951 10.910 35.122 22.779 12.343 36.731 23.808 12.923 39.339 25.547 13.792 42.602 28.425 14.177 47.822 32.518 15.304 52.586 36.057 16.529 SAVINGS INSTITUTIONS SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS 13 14 15 16 17 18 14.235 1.215 1.875 15.999 1.214 1.957 16.747 901 2.243 17.347 556 2.192 18.451 459 2.120 19.625 489 2.207 19.629 538 2.359 19.178 527 2.328 18.807 635 2.176 19.026 713 2.285 LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT, RTR. FUNDS 16 17 18 19 20 675 493 1.200 1.269 2.359 2.178 3.226 4.219 3.652 6.600 2.402 6.765 1.625 4.792 1.132 3.072 1.182 2.304 1.147 1.973 FINANCE COMPANIES REITS 19 20 COMMERCIAL MORTGAGES 1 2 3 4 5 78.371 17.884 6.020 54.179 288 85.536 19.042 6.613 59.515 366 95.820 20.251 7.511 67.602 456 112.577 21.547 9.025 81.228 777 131.725 22.640 10.809 97.284 992 146.877 23.736 12.204 109.832 1.105 159.298 24.775 13.316 119.848 1.359 171.210 25.839 14.375 129.377 1.619 189.834 26.886 16.132 145.189 1.627 212.597 27.902 18.301 164.704 1.690 TOTAL LIABILITIES HOUSEHOLDS NONFARM NONCORP. BUSINESS NONFIN. CORPORATE BUSINESS REITS 6 7 8 9 10 78.371 10.056 0 365 22.113 85.536 11.538 187 439 23.284 95.820 9.704 413 539 26.306 112.577 10.807 664 320 31.751 131.725 9.941 857 218 38.696 146.877 10.513 1.198 156 43.679 159.298 10.637 1.242 190 46.882 171.210 11.782 1.245 72 50.289 189.834 13.345 1.314 149 56.898 212.597 15.109 1.472 101 67.056 TOTAL ASSETS HOUSEHOLDS STATE + LOCAL GOVERNMENTS U.S. GOVERNMENT COMMERCIAL BANKING 6 7 8 9 10 11 12 13 17.899 10.557 7.342 19.384 11.491 7.893 23.845 14.938 8.907 28.988 18.633 10.355 33.888 21.876 12.012 37.228 24.506 12.722 42.513 29.140 13.373 48.099 33.786 14.313 53.079 37.969 15.110 56.964 40.645 16.319 SAVINGS INSTITUTIONS SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS 11 12 13 14 15 16 17 24.370 1. 172 696 200 25.965 1.176 911 245 28.503 1.269 924 223 31.608 1.096 1.070 181 36.496 1.071 1.544 166 41.256 1.064 2.013 157 45.196 1.166 2.313 221 48.864 1.237 2.559 273 54.388 1.450 2.969 384 62.086 1.613 3.149 391 LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT, RTR. FUNDS OTHER INSURANCE COMPANIES 14 15 16 17 18 19 199 1.301 377 2.030 854 3.240 1.125 4.967 1.372 7.476 1.941 7.672 1.918 7.020 1.612 5.178 2.034 3.824 1.449 3.207 FINANCE COMPANIES REITS 18 19 1 2 3 4 5 FARM MORTGAGES 1 28.995 29.826 32.207 35.758 41.253 46.288 50.877 57.031 65.668 75.996 TOTAL LIABILITIES 1 2 3 4 28.995 9.774 255 29.826 10.073 338 32.207 11.263 381 35.758 12.674 425 41.253 14.987 465 46.288 16.397 499 50.877 17.790 545 57.031 19.947 666 65.668 22.865 705 75.996 26.564 743 TOTAL ASSETS HOUSEHOLDS STATE + LOCAL GOVERNMENTS 2 3 4 5 6 7 924 6.714 1. 356 773 7.187 1.667 513 7.917 2.106 391 9.094 2.444 376 10.948 2.664 350 13.457 2.902 496 16.014 2.846 320 18.524 3.367 303 21.466 3.682 217 24.697 4.318 U.S. GOVERNMENT SPONSORED CREDIT AGENCIES MORTGAGE POOLS 5 6 7 8 9 10 11 3.831 114 5.773 254 3.831 118 5.649 190 4.205 50 5.601 171 4.781 62 5.678 209 5.442 64 5.996 311 6.049 62 6.327 245 6.371 59 6.753 3 6.721 60 7.425 1 7.751 53 8.843 0 9.029 57 10.371 0 COMMERCIAL BANKS MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES ST.+LOC. GOVT, RTR. FUNDS 8 9 10 11 MILLIONS OF DOLLARS OCTOBER 1979 CONSUMER CREDIT AND BANK LOANS N.E.C. 150 CONSUMER CREDIT AND BANK LOANS NOT ELSEWHERE CLASSIFIED YEAR-END OUTSTANDINGS, CONSUMER CREDIT AND BANK LOANS N.E.C. YEAR-END OUTSTANDINGS, 1949-58 1949 1950 1951 1952 1953 1954 1949-58 1955 1956 1957 1958 CONSUMER CREDIT 1 TOTAL LIABILITIES (HH) INSTALMENT CREDIT 2 3 NONINSTALMENT CREDIT 4 TOTAL ASSETS 5 INSTALMENT CREDIT NONFARM NONCORP. BUSINESS 6 7 NONFIN. CORPORATE BUSINESS 8 COMMERCIAL BANKING 9 SAVINGS + LOAN ASSNS. 10 MUTUAL SAVINGS BANKS CREDIT UNIONS 11 12 FINANCE COMPANIES 13 14 15 16 17 18 NONINSTALMENT CREDIT NONFARM NONCORP. BUSINESS NONFIN. CORPORATE BUSINESS COMMERCIAL BANKING SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS 20.852 12.232 8.620 25.641 15.503 10.138 27.268 16.220 11.048 32.551 20.470 12.081 36.736 24.254 12.482 38.192 24.891 13.301 45.348 30.269 15.079 49.268 33.171 16.097 52.191 35.443 16.748 52.702 35.339 17.363 1 2 3 20.852 12.232 986 1.347 5.071 51 34 43 8 4.305 25.641 15.503 1.203 1.695 6.584 72 44 590 5.315 27.268 16.220 1.236 1.934 6.681 87 46 635 5.601 32.551 20.470 1.490 2.332 8.567 138 49 837 7.057 36.736 24.254 1.585 2.457 10.214 191 59 1.124 8.624 38.192 24.891 1.532 2.586 10.0 82 221 65 1.342 9.063 45.348 30.269 1.558 2.950 11.920 254 71 1.678 11.838 49.268 33.171 1.668 3.075 13.175 305 90 2.014 12.844 52.191 35.443 1.681 2.987 14.358 375 94 2.429 13.519 52.702 35.339 1.715 3.26 8 14.399 460 113 2.66 8 12.716 4 5 6 7 8 9 10 11 12 8.620 1.931 3.657 2.668 289 75 10.138 2.238 4.296 3.152 359 93 11.048 2.498 4.721 3.368 366 95 12.081 2.701 5.227 3.688 360 105 12.482 2.803 5.384 3.798 378 119 13.301 2.939 5.625 4.192 426 119 15.079 3.146 5.988 5.270 536 139 16.097 3.411 6.242 5.686 602 156 16.748 3.653 6.425 5.874 634 162 17.363 3.796 6.356 6.312 720 179 13 14 15 16 17 18 BANK LOANS NOT ELSEWHERE CLASSIFIED TOTAL LOANS AT COMMERCIAL BANKS, F/F BASIS 1 2 3 4 5 6 7 8 9 10 11 - LOANS ELSEWHERE CLASSIFIED: MORTGAGES CONSUMER CREDIT SECURITY CREDIT OPEN-MARKET PAPER = BANK LCANS NEC AT COML. BKS. + BANK LOANS NEC AT OTHER BANKING SUBSECTORS: DOMESTIC AFFILIATES FOREIGN BANKING OFFICES = BANKING SECTOR TOTAL BANK LOANS NEC + LOANS BY F.R. BANKS = TOTAL BANK LOANS NEC 12 TOTAL LIABILITIES 13 NONFINANCIAL SECTORS 14 HOUSEHOLDS 15 FARM BUSINESS NCNFARM NONCORP. BUSINESS 16 17 CORPORATE BUSINESS 18 19 20 21 22 23 24 25 REST OF THE WORLD FGN. OFFICIAL FGN. BANKS OTHER FGN. FINANCIAL SECTORS SAVINGS + LOAN ASSNS. FINANCE COMPANIES REITS MILLIONS OF DOLLARS 42.175 52.153 57.916 64.043 65.863 68.852 82.096 90.277 94.434 98.466 1 11.552 7.739 2.639 443 19.802 13.549 9.736 2.861 620 25.387 14.590 10.049 2.561 941 29.775 15.720 12.255 3.163 1.179 31.726 16.699 14.012 3.563 1.075 30.514 18.421 14.274 4.454 1.052 30.651 20.813 17.190 5.037 803 38.253 22.510 18.861 4.281 848 43.777 23.108 20.232 4.221 1.143 45.730 25.251 20.711 4.661 1.677 46.166 2 3 4 5 6 0 369 20.171 0 435 25.822 0 561 30.336 0 647 32.373 0 599 31.113 0 629 31.280 0 497 38.750 0 539 44.316 0 420 46.150 0 476 46.642 7 8 9 72 20.243 3 25.825 5 30.341 34 32.407 17 31.130 134 31.414 2 38.752 26 44.342 5 46.155 18 46.660 10 11 20.243 18.508 143 2.049 804 14.566 25.825 23.128 369 2.524 1.234 18.337 30.341 27.881 396 3.120 1.472 22.076 32.407 29.268 472 3.293 1.691 22.957 31.130 28.086 508 2.712 1.755 22.384 31.414 28.164 522 2.862 1.799 21.785 38.752 33.141 329 3.434 2.362 25.603 44.342 39.232 418 3.375 2.956 30.694 46.155 41.042 233 3.759 3.025 31.919 46.660 42.254 669 4.172 3.183 31.583 12 13 14 15 16 17 946 80 328 538 664 160 302 202 817 326 355 136 855 279 279 297 727 223 266 238 1.196 422 449 325 1.413 427 458 528 1.789 500 579 710 2.106 678 569 859 2.647 892 656 1.099 18 19 20 21 1.735 75 1.660 0 2.697 91 2.606 0 2.460 95 2.365 0 3.139 89 3.050 0 3.044 82 2.962 0 3.250 95 3.155 0 5.611 147 5.464 0 5.110 122 4.988 0 5.113 116 4.997 0 4.406 147 4.259 0 22 23 24 25 OCTOBER 1979 CONSUMER CREDIT AND BANK LOANS N.E.C CONSUMER CREDIT ANO BANK LOANS N.E.C, 151 CONSUMER CREDIT AND BANK LOANS NOT ELSEWHERE CLASSIFIED YEAR-END OUTSTANDINGS, 1959-68 1959 1960 1961 YEAR-END OUTSTANDINGS, 1962 1963 1964 1965 1966 1967 1968 1959- -68 CONSUMER CREDIT 1 2 3 1 2 3 60.741 41.123 19.618 65.104 45.051 20.0 53 67.635 46.027 21.608 73.917 50.994 22.923 82.805 57.829 24.976 92.591 65.572 27.019 103.207 73.881 29.326 109.749 79.339 30.410 115.430 83.148 32.282 126.949 91.681 35.268 TOTAL LIABILITIES (HH) INSTALMENT CREDIT NONINSTALMENT CREDIT 4 5 6 7 8 9 10 11 12 60.741 41.123 1.852 3.825 17.016 528 125 3.280 14.497 65.104 45.051 1.760 3.855 18.655 604 139 3.923 16.115 67.635 46.027 1.699 3.895 19.043 598 155 4.303 16.334 73.917 50.994 1.824 4.428 21.183 568 177 4.875 17.939 82.805 57.829 1.985 5.074 24.267 581 231 5.526 20.165 92.591 65.572 2.170 5.845 27.865 636 296 6.340 22.420 103.207 73.881 2.380 6.587 31.832 676 407 7.324 24.675 109.749 79.339 2.347 6.831 34.290 691 492 8.255 26.433 115.430 83.148 2.193 6.963 36.735 76 8 582 9.003 26.904 126.949 91.681 2.101 6.794 41.716 878 695 10.300 29.197 TOTAL ASSETS 4 5 INSTALMENT CREDIT 6 NONFARM NONCORP. BUSINESS 7 NONFIN. CORPORATE BUSINESS 8 COMMERCIAL BANKING 9 SAVINGS + LOAN ASSNS. 10 MUTUAL SAVINGS BANKS CREDIT UNIONS 11 FINANCE COMPANIES 12 13 14 15 16 17 18 19.618 4.224 7.170 7. 164 852 208 20.053 4.344 6.722 7.768 982 237 21.608 4.595 6.758 8.826 1.154 275 22.923 4.940 7.086 9.380 1.226 291 24.976 5.288 7.486 10.410 1.452 340 27.019 5.559 7.725 11.900 1.484 351 29.326 5.976 8.041 13.380 1.556 373 30.410 6.412 8.122 13.892 1.594 390 32.282 6.852 8.408 14.956 1.656 410 35.268 7.495 8.883 16.748 1 .750 392 237.287 264.888 NONINSTALMENT CREDIT NONFARM NONCORP. BUSINESS NONFIN. CORPORATE BUSINESS COMMERCIAL BANKING SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS 13 14 15 16 17 18 BANK LOANS NOT ELSEWHERE CLASSIFIED 1 111.999 118.258 125.561 139.135 155.995 174.793 201.224 219.487 TOTAL LOANS AT COMMERCIAL BANKS, F/F BASIS 1 2 3 4 5 6 28.059 24.180 4.868 2.265 52.627 28.712 26.423 5.117 1.877 56.129 30.321 27.869 6.190 2.317 58.864 34.287 30.563 7.150 2.258 64.877 39.183 34.677 7.900 2.367 71.868 43.675 39.765 8.384 2.952 80.017 49.301 45.212 8.489 2.498 95.724 53.922 48.182 9.024 3.505 104.854 58.400 51.691 10.484 5.531 111.181 64.959 58.464 11.804 5.092 124.569 7 8 9 0 550 53.177 0 658 56.787 0 1.004 59.868 0 983 65.860 0 1.058 72.926 0 1.113 81.130 0 1.217 96.941 0 1.595 106.449 0 1.733 112.914 0 2.114 126.683 10 11 5 53.182 8 56.795 15 59.883 1 65.861 32 72.958 30 81.160 41 96.982 0 106.449 0 112.914 0 126.683 - LOANS ELSEWHERE CLASSIFIED: 2 MORTGAGES CONSUMER CREDIT 3 4 SECURITY CREDIT OPEN-MARKET PAPER 5 6 = BANK LOANS NEC AT COML. BKS. + BANK LOANS NEC AT OTHER BANKING SUBSECTORS: 7 DOMESTIC AFFILIATES 8 FOREIGN BANKING OFFICES 9 = BANKING SECTOR TOTAL BANK LOANS NEC 10 + LOANS BY F.R. BANKS = TOTAL BANK LOANS NEC 11 12 13 14 15 16 17 53.182 47.741 1. 157 4.866 3.549 35.308 56.795 50.678 1.179 5.062 3.853 37.574 59.883 53.240 1.449 5.305 4.158 38.588 65.861 58.097 1.333 6.087 4.545 41.979 72.958 63.541 1.446 6.688 5.178 45.444 81.160 71.208 1.976 6.959 5.636 50.125 96.982 84.692 2.493 7.667 6.571 60.860 106.449 95.249 2.514 8.600 7.937 69.147 112.914 103.697 3.247 9.300 8.535 75.920 126.683 115.992 4.664 9.718 9.648 85.666 TOTAL LIABILITIES NONFINANCIAL SECTORS HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUSINESS CORPORATE BUSINESS 18 19 20 21 2.861 888 722 1. 251 3.010 861 765 1.384 3.740 988 1.013 1.739 4.153 1.033 1.246 1.874 4.785 914 1.412 2.459 6.512 939 1.968 3.605 7.101 1.064 2.118 3.919 7.051 960 2.249 3.842 6.695 975 1.84 7 3.873 6.296 774 1.907 3.615 22 23 24 25 5.441 253 5.188 0 6.117 218 5.899 0 6.643 196 6.447 0 7.764 154 7.610 0 9.417 244 9.173 0 9.952 285 9.667 0 12.290 459 11.831 0 11.200 532 10.668 0 9.217 392 8.825 0 10.691 459 9.666 566 MILLIONS OF DOLLARS REST OF THE WORLD FGN. OFFICIAL FGN. BANKS OTHER FGN. FINANCIAL SECTORS SAVINGS + LOAN ASSNS. FINANCE COMPANIES REITS 12 13 14 15 16 17 18 19 20 21 22 23 24 25 OCTOBER 1979 CONSUMER CREDIT AND BANK LOANS N.E.C. IS? CONSUMER CREDIT AND BANK LOANS N.E.C. CONSUMER CREDIT AND BANK LOANS NOT ELSEWHERE CLASSIFIED YEAR-END OUTSTANDINGS, YEAR-END OUTSTANDINGS, 1969-78 1969 1970 1971 1972 1973 1974 1969-78 1975 1976 1977 1978 CONSUMER CREDIT 137.742 101.161 36.581 143.113 105.528 37.585 157.795 118.255 39.540 177.639 133.173 44.466 203.661 155.108 48.553 213.591 164.594 48.997 223.265 172.353 50.912 248.841 193.992 54.849 289.398 230.829 58.569 339.977 275.640 64.337 1 2 3 4 TOTAL ASSETS INSTALMENT CREDIT 5 NONFARM NONCORP. BUSINESS 6 NONFIN. CORPORATE BUSINESS 7 COMMERCIAL BANKING 8 SAVINGS + LOAN ASSNS. 9 10 MUTUAL SAVINGS BANKS CREDIT UNIONS 11 FINANCE COMPANIES 12 137.742 101.161 1.980 7.001 46.289 1.078 804 12.028 31.981 143.113 105.528 2.044 7.322 48.714 1.456 892 12.986 32.114 157.795 118.255 1.869 8.944 55.020 2.230 978 14.770 34.444 177.639 133.173 1.660 7.983 64.554 2.988 1.113 16.964 37.911 203.661 155.108 1.774 10.177 75.924 3.651 1.347 19.633 42.602 213.591 164.594 1.764 10.403 80.054 4.333 1.507 21.895 44.638 223.265 172.353 1.632 10.102 82.936 5.162 1.687 25.666 45.168 248.841 193.992 1.542 10.561 93.728 6.246 1.840 31.169 48.906 289.398 230.829 1.880 12.478 112.373 7.354 2.176 37.605 56.963 339.977 275.640 1.991 13.314 136.189 8.394 2.693 45.939 67.120 4 5 6 7 8 9 10 11 12 NONINSTALMENT CREDIT NONFARM NONCORP. BUSINESS NONFIN. CORPORATE BUSINESS COMMERCIAL BANKING SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS 36.581 8.020 9.149 17.106 1.866 440 37.585 8.650 9.602 16.911 1.960 462 39.540 7.928 9.668 19.305 2.142 497 44.466 8.681 10.464 22.447 2.368 506 48.553 9.929 11.489 23.696 2.895 544 48.997 10.657 11.783 22.935 3.052 570 50.912 11.557 12.213 23.119 3.407 616 54.849 12.775 13.466 24.315 3.497 796 58.569 13.536 12.493 27.929 3.672 939 64.337 14.883 13.429 31.055 3.842 1.128 13 14 15 16 17 18 1 TOTAL LIABILITIES (HH) INSTALMENT CREDIT 2 NONINSTALMENT CREDIT 3 13 14 15 16 17 18 BANK LOANS NOT ELSEWHERE CLASSIFIED TOTAL LOANS AT COMMERCIAL BANKS, F/F BASIS 1 2 3 4 5 6 7 8 9 10 11 - LOANS ELSEWHERE CLASSIFIED: MORTGAGES CONSUMER CREDIT SECURITY CREDIT OPEN-MARKET PAPER = BANK LOANS NEC AT COML. BKS. + BANK LOANS NEC AT OTHER BANKING SUBSECTORS: DOMESTIC AFFILIATES FOREIGN BANKING OFFICES = BANKING SECTOR TOT-AL BANK LOANS NEC + LOANS BY F.R. BANKS = TOTAL BANK LOANS NEC 12 TOTAL LIABILITIES NONFINANCIAL SECTORS 13 HOUSEHOLDS 14 15 FARM BUSINESS NONFARM NONCORP. BUSINESS 16 17 CORPORATE BUSINESS 18 19 20 21 22 23 24 25 REST OF THE WORLD FGN. OFFICIAL FGN. BANKS OTHER FGN. FINANCIAL SECTORS SAVINGS + LOAN ASSNS. FINANCE COMPANIES REITS MILLIONS OF DOLLARS 286.841 299.519 329.428 386.900 457.884 507.346 504.430 544.016 619.941 716.393 1 69.832 63.395 10.695 6.188 136.731 71.972 65.625 12.136 7.300 142.486 81.600 74.325 12.911 7.515 153.077 98.390 87.001 17.409 7.052 177.048 118.032 99.620 14.559 5.546 220.127 130.593 102.989 12.445 7.113 254.206 134.498 106.055 14.599 8.221 241.057 149.599 118.043 20.787 11.454 244.133 177.172 140.302 22.564 11.640 268.263 212.344 167.244 19.583 9.384 307.838 2 3 4 5 6 3.946 3.343 144.020 2.954 5. 806 151.246 2.840 6.315 162.232 2.598 8.818 188.464 4.300 12.829 237.256 4.901 19.081 278.188 4.375 20.310 265.742 4.073 23.761 271.967 4.650 28.505 301.418 3.697 46.634 358.169 7 8 9 0 144.020 0 151.246 0 162.232 0 188.464 0 237.256 0 278.188 0 265.742 0 271.967 0 301.418 0 358.169 10 11 144.020 131.557 5.663 10.328 11.831 97.706 151.246 138.884 7.463 11.155 11.297 103.145 162.232 147.974 9.213 12.500 12.022 106.948 188.464 168.020 10.125 14.306 13.267 119.933 237.256 207.802 13.527 17.165 14.408 149.598 278.188 244.544 15.151 18.236 13.436 179.961 265.742 235.821 13.674 20.199 11.416 168.913 271.967 245.553 14.635 23.230 7.811 171.482 301.418 275.384 17.436 25.729 8.231 192.539 358.169 329.321 19.231 28.211 7.987 223.952 12 13 14 15 16 17 6.029 765 2.095 3.169 5.824 623 2.031 3. 170 7.291 806 2.372 4.113 10.389 1.002 3.528 5.85 9 13.104 1.440 5.128 6.536 17.760 1.705 8.244 7.811 21.619 1.964 9.335 10.320 28.395 2.855 13.534 12.006 31.449 2.937 16.184 12.328 49.940 5.167 25.707 19.066 18 19 20 21 12.463 527 10.981 95 5 12.362 423 10.906 1.033 14.258 1.085 11.538 1.635 20.444 1.522 15.952 2.970 29.454 1.921 20.578 6.955 33.644 1.472 20.810 11.362 29.921 1.185 17.983 10.753 26.414 1.416 16.111 8.887 26.034 2.802 16.728 6.504 28.848 3.125 20.843 4.880 22 23 24 25 OCTOBER 1979 OTHER LOANS OTHER LOANS 153 OPEN-MARKET PAPER AND OTHER LOANS YEAR-END OUTSTANDINGS, 1950 1949 YEAR-ENO OUTSTANDINGS, 1949-58 1951 1952 1953 1954 1955 1956 1957 1958 1949-58 OPEN-MARKET PAPER 1 2 3 4 5 6 7 1.110 838 162 676 0 676 0 1.315 921 2 07 714 0 714 0 1.823 1.333 269 1.064 0 1.064 0 2.241 1.749 331 1.418 0 1.418 0 2.618 2.045 402 1.643 0 1.643 0 2.895 2.022 531 1.491 0 1.491 0 2.743 2.101 362 1.739 0 1.739 0 3.217 2.250 378 1.872 0 1.872 0 4.053 2.746 42 2 2.324 0 2.324 0 4.041 2.847 658 2.189 0 2.189 0 TOTAL OUTSTANDING, ALL TYPES COMMERCIAL PAPER NONFINANCIAL CORPORATIONS FINANCIAL BUSINESS COMMERCIAL BANKING FINANCE COMPANIES REITS 8 9 10 11 12 272 214 107 107 58 3 94 275 138 137 119 490 313 157 156 177 492 335 168 167 157 573 376 188 188 197 873 602 301 301 271 642 332 166 166 310 967 490 245 245 477 1.307 619 310 309 688 1.194 5 82 291 291 612 BANKERS ACCEPTANCES NONFINANCIAL BUSINESS NONCORPORATE CORPORATE REST OF THE WORLD 8 9 10 11 12 13 14 15 16 1. 110 202 265 144 1.315 284 143 2 02 1.823 415 90 293 2.241 461 195 309 2.618 848 204 401 2.895 873 291 5 84 2.743 1.117 217 439 3.217 1.165 305 671 4.053 1.279 43 5 954 4.041 1.142 210 843 HOLDINGS, BY SECTOR HOUSEHOLDS NONFIN. CORPORATE BUSINESS REST OF THE WORLD 13 14 15 16 17 18 19 20 21 0 0 499 0 0 0 0 686 0 0 0 0 1.025 0 0 0 0 1.276 0 0 0 0 1.165 0 0 0 0 1.147 0 0 0 28 878 0 0 0 69 929 0 0 0 66 1.206 0 0 0 49 1.749 0 0 22 23 24 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 64 0 0 78 0 0 113 0 17 31 0 1 2 3 4 5 6 7 SPONSORED CREDIT AGENCIES MONETARY AUTHORITY COMMERCIAL BANKING SAVINGS + LOAN ASSOCIATIONS MUTUAL SAVINGS BANKS 17 18 19 20 21 LIFE INSURANCE COMPANIES INVESTMENT COMPANIES MONEY MARKET FUNDS 22 23 24 OTHER LOANS 1 2 3 2. 246 1. 182 1.064 2.462 1.324 1.138 2.696 1.344 1.352 3.127 1.293 1.834 3.252 1.292 1.960 3.258 1.037 2.221 3.762 1.291 2.471 3.846 1.243 2.60? 4.810 1.742 3.068 4.859 1.712 3.147 4 5 6 7 8 9 10 11 13.670 0 228 2.272 638 488 10.044 0 14.041 0 244 2.493 616 555 10.133 0 14.703 0 199 2.768 634 816 10.286 0 15.689 0 213 2.981 655 1.138 10.702 0 17.251 8 445 3.041 953 774 12.030 0 16.839 18 508 3.245 806 439 11.823 0 17.207 55 574 3.592 684 451 11.785 66 17.832 88 624 3.759 682 519 11.799 361 18.153 166 550 3.792 741 670 12.153 81 19.192 273 565 3.920 752 850 12.772 60 12 1. 292 1.782 2.086 2.061 1.939 1.894 2.481 2.432 2.651 2.964 13 14 15 618 247 427 693 279 810 849 326 911 867 330 864 615 372 952 665 362 867 693 371 1.417 747 457 1.228 932 454 1.265 1.156 510 1.298 SPONSORED CREDIT AGENCY LOANS LIABILITY OFFARM BUSINESS (FICB) NONFARM NONCORP. BUS. (BC) S+L ASSOCIATIONS (FHLB) 13 14 15 16 17 18 2.381 141 2.240 2.571 158 2.413 2.765 175 2.590 2.902 189 2.713 3.122 2 08 2.914 3.357 230 3.127 3.550 260 3.290 3.804 285 3.519 4.189 320 3.869 4.548 3 60 4.188 POLICY LOANS (HH LIABILITY) ASSET-U.S. GOVERNMENT LIFE INSURANCE COS. 16 17 18 MILLIONS OF DOLLARS F INANCE CO. LOANS TO BUSINESS LIAB.-NONCORPORATE BUSINESS NONFIN. CORP. BUSINESS 1 2 3 U .S. GOVERNMENT LOANS 4 5 LIAB.-HOUSEHOLDS FARM BUSINESS 6 NONFARM NONCORP. BUS. 7 NONFIN. CORP. BUSINESS 8 9 ST.+LOC. GOVERNMENTS REST OF THE WORLD 10 SPONS. CREDIT AGENCIES 11 12 OCTOBER 1979 OTHER LOANS OTHER LOANS 154 OPEN-MARKET PAPER AND OTHER LOANS YEAR-END OUTSTANDINGS, YEAR-END OUTSTANDINGS, 1959-68 1959 1960 1961 1962 1963 1959-68 1964 1965 1966 1967 1968 OPEN-MARKET PAPER 4.353 3.202 315 2.887 0 2.887 0 6.524 4.497 769 3.728 0 3.728 0 7.369 4.686 1.094 3. 592 0 3.592 0 8.650 6.000 1.198 4.802 0 4.802 0 9.680 6.790 968 5.822 0 5.822 0 11.827 8.442 1.125 7.317 0 7.317 0 12.692 9.300 797 8.503 0 8.503 0 17.248 13.645 1.622 12.023 0 12.023 0 21.402 17.085 3.034 14.051 0 14.051 0 25.601 21.173 4.249 16.924 0 16.924 0 1 2 3 4 5 6 7 8 BANKERS ACCEPTANCES 9 NONFINANCIAL BUSINESS NONCORPORATE 10 11 CORPORATE 12 REST OF THE WORLD 1.151 59 3 297 296 558 2.027 834 417 417 1.193 2.683 895 448 447 1.788 2.650 898 449 449 1.752 2.890 665 333 332 2.225 3.385 764 382 382 2. 621 3.392 891 446 445 2.501 3.603 1.063 532 531 2.540 4.317 1.304 652 652 3.013 4.428 1.574 787 787 2.854 8 9 10 11 12 13 HOLDINGS, BY SECTOR HOUSEHOLDS 14 NONFIN. CORPORATE BUSINESS 15 REST OF THE WORLD 16 4.353 226 742 757 6. 524 1.966 788 1. 291 7.369 2.162 1.089 1.360 8.650 2.708 1.304 1.387 9.680 3.942 969 1.437 11.827 4.842 1.694 1.620 12.692 5.642 1.370 1.982 17.248 6.667 2.852 2.212 21.402 7.593 3.952 2.247 25.601 10.104 5.099 2.826 13 14 15 16 0 75 2.34 7 0 25 0 74 1.976 0 40 0 51 2.468 0 45 0 110 2.406 0 134 0 162 2.526 0 36 0 94 3.119 0 92 0 187 2.681 0 82 0 193 3.745 0 196 0 164 5.792 0 211 0 58 5.410 125 213 17 18 19 20 21 118 63 0 294 95 0 193 1 0 347 254 0 380 228 0 248 118 0 293 455 0 380 1.003 0 480 963 0 526 1.240 0 22 23 24 1 TOTAL OUTSTANDING, ALL TYPES 2 COMMERCIAL PAPER 3 NONFINANCIAL CORPORATIONS 4 FINANCIAL BUSINESS 5 COMMERCIAL BANKING FINANCE COMPANIES 6 7 REITS 17 18 19 20 21 SPONSORED CREDIT AGENCIES MONETARY AUTHORITY COMMERCIAL BANKING SAVINGS + LOAN ASSOCIATIONS MUTUAL SAVINGS BANKS 22 23 24 LIFE INSURANCE COMPANIES INVESTMENT COMPANIES MONEY MARKET FUNDS OTHER LOANS 1 FINANCE CO. LOANS TO BUSINESS 2 LIAB.-NONCORPORATE BUSINESS 3 NONFIN. CORP. BUSINESS 6.281 2.287 3.994 8.189 2.631 5.558 8.392 2-517 5.875 8.562 2.918 5.644 9.977 3.701 6.276 11.567 4.609 6.958 13.532 5.946 7.586 14.606 7.085 7.521 14.257 7.026 7.231 16.490 7.512 8.978 1 2 3 4 U.S. GOVERNMENT LCANS 5 LIAB.-HOUSEHOLDS ' 6 FARM BUSINESS 7 NONFARM NONCORP. BUS. 8 NONFIN. CORP. BUSINESS 9 ST.+LOC. GOVERNMENTS 10 REST OF THE WORLD 11 SPONS. CREDIT AGENCIES 19.707 415 577 3.952 779 1 .035 12.810 139 20.503 581 564 3.962 856 1.240 13.263 37 21.671 747 686 3.992 92 2 1.466 13.754 104 23.993 970 736 4.168 1.135 1.970 14.925 89 25.770 1.173 797 4.444 1.183 2.203 15.970 0 28.593 1.397 861 4. 810 1.382 2.46A 17.548 131 31.368 1.632 941 4.978 1.676 2.777 19.028 336 33.546 2.114 929 5.190 2.042 3.404 19.764 103 37.204 2.443 1.087 5.556 2.233 3.579 22.270 36 40.486 3.206 1.034 5.883 1.657 3.993 24.430 283 4 5 6 7 8 9 10 11 SPONSORED CREDIT AGENCY LOANS LIABILITY OF— 13 FARM BUSINESS (FICB) 14 NONFARM NONCORP. BUS. (BC) 15 S+L ASSOCIATIONS (FHLB) 4.146 4.131 5.009 6.054 7.723 8.530 9.568 11.148 9.303 10.490 12 1.390 622 2.134 1. 501 649 1.981 1.650 697 2.662 1.840 735 3.479 2.099 840 4.784 2.247 958 5.325 2.516 1.055 5.997 2.923 1.290 6.935 3.411 1.506 4.386 3.654 1.577 5.259 13 14 15 16 POLICY LOANS (HH LIABILITY) 17 ASSET-U.S. GOVERNMENT LIFE INSURANCE COS. 18 5.018 400 4.618 5.671 440 5.231 6.230 497 5.733 6.774 540 6.234 7.234 579 6.655 7.758 618 7.140 8.338 660 7.678 9. 827 710 9.117 10.819 760 10.059 12.109 803 11.306 16 17 18 12 MILLIONS OF DOLLARS OCTOBER 1979 OTHER LOANS OTHER LOANS 155 OPEN—MARKET PAPER ANO OTHER LOANS YEAR-END OUTSTANDINGS, YEAR-ENO OUTSTANDINGS, 1969-78 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1969-78 OPEN-MARKET PAPER 1 2 3 4 5 6 7 38.051 32.600 5.356 27.244 4.294 22.950 0 40.129 33.071 7.133 25.938 2.349 23.589 0 40.015 32.126 6.247 25.879 1.973 23.126 780 41.619 34.721 6.968 27.753 2.637 21.876 3.240 49.965 41.073 8.382 32.691 4.881 23.835 3.975 67.628 48.963 12.513 36.450 8.332 27.408 710 66.417 47.131 9.616 37.515 8.654 28.032 829 74.564 50.759 11.049 39.710 7.859 31.292 559 89.532 62.031 12.808 49.223 9.135 39.570 518 115.936 79.356 15.499 63.857 15.835 47.396 626 8 9 10 11 12 5.451 2. 282 1. 141 1. 141 3. 169 7.058 3.090 1.545 1.545 3.968 7.889 3.619 1.810 1.809 4.270 ,6.898 3.672 1.836 1.836 3.226 8.892 4.736 2.368 2.368 4. 156 18.665 7.247 3.624 3.623 11.418 19.286 7.580 3.790 3.790 11.706 23.805 10.165 5.083 5.082 13.640 27.501 11.442 5.721 5.721 16.059 36.580 9.934 4.967 4.967 26.646 13 14 15 16 38.051 15.447 7.628 3.820 40.129 11.682 9.389 4.307 40.015 7. 860 11.275 4.148 41.619 6.201 14.235 4.086 49.965 15.328 14.876 4.387 67.628 19.519 16.520 11.009 66.417 15.073 19.627 8.441 74.564 11.944 24.671 11.110 89.532 21.564 24.527 15.470 115.936 36.143 26.253 23.345 17 18 19 20 21 0 64 6.691 343 259 0 57 8.173 1.848 459 0 261 8.459 2.829 675 414 106 8.255 3.340 568 221 68 6.987 2.011 451 1.097 999 9.207 1.769 526 1.186 1.126 10.305 2.670 610 1.153 991 13.996 2.593 1.003 1.386 954 14.259 2.319 975 188 587 12.972 2.700 365 22 23 24 1.365 2.434 0 2.142 2.072 0 2.770 1.738 0 2.981 1.433 0 3.004 2.632 0 4.070 2.267 645 4.813 2.038 528 5.224 935 944 4.896 2.118 1.064 6.349 3.382 3.652 TOTAL OUTSTANDING, ALL TYPES COMMERCIAL PAPER NONFINANCIAL CORPORATIONS FINANCIAL BUSINESS COMMERCIAL BANKING FINANCE COMPANIES REITS 1 2 3 4 5 6 7 BANKERS ACCEPTANCES NONFINANCIAL BUSINESS NONCORPORATE CORPORATE REST OF THE WORLD 8 9 10 11 12 HOLDINGS, BY SECTOR HOUSEHOLDS NONFIN. CORPORATE BUSINESS REST OF THE WORLD 13 14 15 16 SPONSORED CREDIT AGENCIES MONETARY AUTHORITY COMMERCIAL BANKING SAVINGS + LOAN ASSOCIATIONS MUTUAL SAVINGS BANKS 17 18 19 20 21 LIFE INSURANCE COMPANIES INVESTMENT COMPANIES MONEY MARKET FUNDS 22 23 24 OTHER LOANS 1 2 3 21.459 8. 143 13.316 21.813 7.861 13.952 23.157 8.544 14.613 27.362 9.175 18.187 32.324 10.045 22.279 37.163 9.051 28.112 39.299 8.995 30.304 44.719 9.177 35.542 55.053 9.223 45.830 63.348 9.213 54.135 FINANCE CO. LOANS TO BUSINESS LIAB.-NONCORPORATE BUSINESS NONFIN. CORP. BUSINESS 4 5 6 7 8 9 10 11 43.858 3. 586 1.019 6.213 1.774 4.739 26.527 0 46.271 3.879 967 6.783 2.059 4.816 27.767 0 48.771 4.239 1.014 7.141 1.604 5.181 29.592 0 51.932 4.624 1.050 7.202 1.845 5.526 31.685 0 55.579 4.969 1.430 8.706 2.138 4.916 33.420 0 59.216 5.480 1.688 9.246 3.667 5.592 32.848 695 66.622 6.022 2.780 10.908 3.873 5.781 35.699 1.559 74.899 6.496 3.231 13.131 4.056 7.817 38.996 1.172 81.715 7.100 5.204 15.289 4.026 8.022 42.074 0 94.766 8.312 9.151 19.135 5.714 6.466 45.988 0 4 U.S. GOVERNMENT LOANS LIAB.-HOUSEHOLDS 5 6 FARM BUSINESS NONFARM NONCORP. BUS. 7 NONFIN. CORP. BUSINESS 8 9 ST.+LOC. GOVERNMENTS REST OF THE WORLD 10 SPONS. CREDIT AGENCIES 11 12 15.296 17.619 15.618 16.373 24.922 34.227 31.819 32.105 38.492 53.137 13 14 15 4.275 1.732 9.289 4.974 2.030 10.615 5.669 2.013 7.936 6.096 2.298 7.979 7.198 2.577 15.147 8.848 3.575 21.804 9.995 3.979 17.845 11.312 4.931 15.862 12.759 5.560 20.173 14.217 6.250 32.670 SPONSORED CREDIT AGENCY LOANS LIABILITY OF— FARM BUSINESS (FICB) NONFARM NONCORP. BUS. (BC) S+L ASSOCIATIONS (FHLB) 13 14 15 16 17 18 14.713 888 13.825 17.021 957 16.064 18.034 969 17.065 18.984 981 18.003 21.205 1.006 20.199 23.904 1.042 22.862 25.522 1.055 24.467 26.890 1.056 25.834 28.616 1.060 27.556 31.212 1.066 30.146 POLICY LOANS (HH LIABILITY) ASSET-U.S. GOVERNMENT LIFE INSURANCE COS. 16 17 18 MILLIONS OF DOLLARS 1 2 3 12 OCTOBER 1979 SECURITY CREDIT, SECURITY CREDIT, TRADE CREDIT, TRADE CREDIT, AND TAXES 156 SECURITY CREDIT, YEAR-END OUTSTANDINGS, AND TAXES TRADE CREDIT, AND TAXES PAYABLE YEAR-END OUTSTANDINGS, 1949-58 1949 1950 1951 1952 1954 1953 1949-58 1955 1956 1957 1958 SECURITY CREDIT 4.43 3 1.819 26 5. 511 2.519 32 5. 109 2.393 35 5.661 2.569 36 6.513 3.032 36 8.647 4.131 66 9.628 4.816 66 8.991 4.773 60 8.712 4.365 60 10.447 5.522 77 1 2 3 2.538 1.813 775 2. 960 1.902 1.058 2.681 1.704 977 3.056 2.260 796 3.445 2.661 784 4.450 3.329 1. 121 4.746 3.763 983 4.158 3.190 968 4.287 3.301 986 4.848 3.573 1.275 4 5 6 4.433 702 2.689 1.813 876 5.511 971 2.961 1.902 1.059 5.109 893 2.711 1.704 1.007 5.661 714 3.363 2.260 1.103 6.513 708 3.863 2.661 1.202 8.647 1.020 4.854 3.329 1.525 9.628 899 5.537 3.763 1.774 8.991 882 4.881 3.190 1.691 8.712 894 4.921 3.301 1.620 10.447 1.156 5.402 3.573 1.829 7 8 9 10 11 969 73 1.492 87 1.421 84 1.502 82 1.866 76 2.672 101 3.108 84 3. 142 86 2.805 92 3.770 119 12 13 27.603 779 1 .406 -745 37.427 879 1.689 -831 40.385 879 2.125 -897 42.208 1.117 2.270 -1.294 42.011 1.179 2.053 -964 46.206 1.267 2.154 703 56.799 1.350 2.335 2.153 61.633 1.493 2.401 1.937 64.673 1.616 2.636 2.609 68.823 1.770 3.076 2.249 1 2 3 4 8.438 7.693 9.968 9.137 10.127 9.230 11.347 10.053 11.841 10.877 11.939 12.642 11.907 14.060 13.181 15.118 12.590 15.199 13.489 15.738 5 6 NONFIN. CORPORATE BUSINESS STATE + LOCAL GOVERNMENTS FOREIGN U.S. GOVERNMENT 24.562 1.178 42 3 0 32.899 1.278 413 1.100 33.845 1.278 455 2.700 35.480 1.378 482 2.775 35.202 1.478 463 2.600 37.556 1.628 532 2.366 46.314 1.778 586 2.283 50.588 1.878 728 2.608 52.149 2.078 816 2.769 55.824 2.278 794 2.832 7 8 9 10 11 TOTAL ASSETS 12 NONFIN. CORPORATE BUSINESS 13 FOREIGN 14 U.S. GOVERNMENT 15 OTHER INSURANCE COMPANIES 30.157 29.113 321 0 723 40.675 39.183 352 400 740 45.050 42.524 376 1.300 850 48.974 45.358 417 2.251 948 48.076 44.489 367 2.214 1.006 51.687 47.849 329 2.445 1.064 61.213 57.409 3 74 2.274 1.156 67.261 63.139 481 2.350 1.291 68.972 64.694 566 2.261 1.451 74.858 71.036 500 1.723 1.599 11 12 13 14 15 16 DISCREPANCY -2.554 -3.248 -4.665 -6.766 -6.065 -5.481 -4.414 -5.628 -4.299 -6.035 16 1 TOTAL LIABILITIES 2 HOUSEHOLDS 3 FOREIGN 4 5 6 BROKERS + DEALERS SECURITY LOANS FROM BANKS CUSTOMER CREDIT BALANCES 7 TOTAL ASSETS 8 HOUSEHOLDS 9 COMMERCIAL BANKING 10 TO BROKERS + DEALERS 11 TO OTHERS 12 13 BROKERS + DEALERS FOREIGN TRADE CREDIT 1 TOTAL LIABILITIES 2 HOUSEHOLDS 3 FARM BUSINESS 4 NONFARM NONCORP. BUSINESS (PAYABLES LESS RECEIVABLES) 5 ASSET 6 LIABILITY 7 8 9 10 PROFIT TAXES PAYABLE 1 TOTAL PROFIT TAXES PAYABLE 2 NONFIN. CORPORATE BUSINESS 3 COMMERCIAL BANKS 4 SAVINGS + LOAN ASSOCIATIONS 5 LIFE INSURANCE COMPANIES 6 OTHER INSURANCE COMPANIES 7 FINANCE COMPANIES 8 BROKERS + DEALERS 9 TOTAL TAXES RECEIVABLE 10 STATE + LOCAL GOVERNMENTS 11 U.S. GOVERNMENT 12 DISCREPANCY MILLIONS OF DOLLARS 10.446 9.738 336 0 47 217 100 8 18.120 17.252 453 0 76 162 165 12 23.020 21.922 615 0 133 128 212 10 20.106 18.672 793 8 149 218 246 20 21.174 19.271 967 10 231 355 319 21 17.622 15.988 941 7 183 246 235 22 21.345 20.085 565 8 222 165 2 74 26 19.554 18.102 871 7 262 18 276 18 17.606 15.971 952 7 264 101 286 25 15.076 13.378 929 5 348 166 217 33 1 2 3 4 5 6 7 8 9.764 650 9.114 17.330 815 16.515 22.529 92 8 21.601 18.869 871 17.998 19.391 854 18.537 16.359 818 15.541 19.247 1.013 18.234 17.477 1.089 16.388 15.470 1.064 14.406 13.006 1.049 11.957 9 10 11 682 790 491 1.237 1.783 1.263 2.098 2.077 2.136 2.070 12 OCTOBER 1979 SECURITY CREDIT, TRADE CREDIT, AND TAXES SECURITY CREDIT, TRADE CREDIT, AND TAXES SECURITY CREDIT, TRADE CREDIT, AND TAXES PAYABLE YEAR-END OUTSTANDINGS, 1959 1960 157 1959-68 1961 YEAR-END OUTSTANDINGS, 1959-68 1962 1963 1964 1965 1966 1967 1968 SECURITY CREDIT 1 2 3 10.510 5. 536 87 10.864 5.398 84 13.113 6.736 121 13.761 6.610 85 16.414 8.567 108 16.830 8.362 91 17.954 9.098 119 18.729 9.025 128 25.752 12.709 298 32.334 15.627 508 4 5 6 4.887 3.791 1.096 5.382 4.133 1.249 6.256 4.915 1.341 7.066 5.728 1.338 7.739 6.408 1.331 8.377 6.592 1.785 8.737 6.046 2.691 9.576 6.671 2.905 12.745 7.491 5.254 16.199 8.524 7.675 7 8 9 10 11 10.510 989 5.641 3.791 1.850 10.864 1.137 5.966 4.133 1.833 13.113 1.192 7.049 4.915 2.134 13.761 1.226 7.859 5.728 2.131 16.414 1.222 8.988 6.408 2.580 16.830 1.669 9.435 6.592 2.843 17.954 2.533 9.277 6.046 3.231 18.729 2.730 9.874 6.671 3.203 25.752 4.943 11.334 7.491 3.843 32.334 7.039 12.654 8.524 4.130 12 13 3.773 107 3.649 112 4.723 149 4.564 112 6.095 109 5.610 116 5.986 158 5.950 175 9.164 311 12.005 636 1 2 3 4 75.313 2.067 3.499 2. 516 79.779 2.080 3.658 2.674 83.319 2.228 3.764 1.715 87.534 2.382 3.770 1.587 94.705 2.547 4.632 271 102.282 2.815 4.818 -611 115.380 3.044 5.363 -1.300 126.109 3.323 5.770 -3.405 134.834 3.663 5.562 -3.839 152.901 4.117 4.587 -3.476 5 6 12.887 15.403 12.799 15.473 13.098 14.813 12.826 14.413 12.542 12.813 12.806 12.195 12.768 11.468 13.271 9.866 13.910 10.071 12.752 9.276 7 8 9 10 61.073 2.378 877 2.903 64.124 2.457 1.641 3.145 67.853 2.669 1.710 3.380 71.114 2.801 2.219 3.661 78.806 3.046 1.841 3.562 85.976 3.319 2.606 3.359 98.166 3.691 2.550 3.866 108.821 4.182 2.883 4.535 116.178 4.768 3.398 5.104 133.397 5.376 3.797 5.103 NONFIN. CORPORATE BUSINESS STATE + LOCAL GOVERNMENTS FOREIGN U.S. GOVERNMENT 7 8 9 10 11 12 13 14 15 80.677 76.509 664 1.722 1.782 85.654 81.357 573 1.790 1.934 91.784 87.217 798 1.776 1.993 96.542 91.648 688 2.005 2.201 103.338 97.865 651 2.490 2.332 112.275 106.333 724 2.734 2.484 126.161 119.490 900 3.122 2.649 140.353 131.712 1.372 4.371 2.898 150.876 139.908 1.953 5.839 3.176 171.557 158.242 3.425 6.414 3.476 TOTAL ASSETS NONFIN. CORPORATE BUSINESS FOREIGN U.S. GOVERNMENT OTHER INSURANCE COMPANIES 11 12 13 14 15 16 -5.364 -5.875 -8.465 -9.008 -8.633 -9.993 -10.781 -14.242 -16.039 -18.653 DISCREPANCY 16 TOTAL LIABILITIES HOUSEHOLDS FOREIGN BROKERS + DEALERS SECURITY LOANS FROM BANKS CUSTOMER CREDIT BALANCES TOTAL ASSETS HOUSEHOLDS COMMERCIAL BANKING TO BROKERS + DEALERS TO OTHERS BROKERS + DEALERS FOREIGN 1 2 3 4 5 6 7 8 9 10 11 12 13 TRADE CREDIT TOTAL LIABILITIES HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUSINESS (PAYABLES LESS RECEIVABLES) ASSET LIABILITY 1 2 3 4 5 6 PROFIT TAXES PAYABLE 1 2 3 4 5 6 7 8 17.204 15.817 469 6 434 145 283 50 15.979 13.615 1.468 6 418 139 285 48 16.387 14.995 577 5 386 106 255 63 17.888 15-941 1.072 6 440 114 287 28 19.056 17.508 621 89 434 92 255 57 19.766 18.007 834 101 552 37 175 60 21.955 20.169 702 104 532 93 262 93 22.115 20.374 671 60 592 95 228 95 17.195 15.647 590 57 481 97 172 151 20.216 18.508 539 81 643 75 171 199 TOTAL PROFIT TAXES PAYABLE NONFIN. CORPORATE BUSINESS COMMERCIAL BANKS SAVINGS + LOAN ASSOCIATIONS LIFE INSURANCE COMPANIES OTHER INSURANCE COMPANIES FINANCE COMPANIES BROKERS + DEALERS 9 10 11 15.322 1.207 14.115 13.969 1.294 12.675 14.490 1.335 13.155 15.244 1.547 13.697 17.170 1.698 15.472 17.622 1.889 15.733 19.043 2.022 17.021 17.931 2.275 15.656 13.034 2.499 10.535 14.979 3.175 11.804 TOTAL TAXES RECEIVABLE STATE ♦ LOCAL GOVERNMENTS U.S. GOVERNMENT 9 10 11 12 1.882 2.010 1.897 2.644 1.886 2.144 2.912 4.184 4.161 5.237 DISCREPANCY 12 MILLIONS OF DOLLARS 1 2 3 4 5 6 7 8 OCTOBER 1979 SECURITY CREDIT, TRADE CREDIT, AND TAXES SECURITY CREDIT, TRADE CREDIT, AND TAXES SECURITY CREDIT, TRADE CREDIT, AND TAXES PAYABLE 158 YEAR-END OUTSTANDINGS, YEAR-END OUTSTANDINGS, 1969-78 1969 1970 1971 1972 1973 1974 1969-78 1975 1976 1977 1978 SECURITY CREDIT 1 TOTAL LIABILITIES HOUSEHOLDS 2 3 FOREIGN 25.676 12.225 278 24.877 10.445 279 28.722 13.109 314 37.444 17.537 405 29.499 13.193 231 24.730 11.387 193 28.466 12.113 319 41.146 17.201 0 47.200 20.308 0 47.557 21.663 0 1 2 3 4 5 6 13.173 7.518 5.655 14.153 9.450 4.703 15.299 10.102 5.197 19.502 14.114 5.388 16.075 10.876 5.199 13.150 8.966 4.184 16.034 11.202 4.832 23.945 17.655 6.290 26.892 19.558 7.334 25.894 17.123 8.771 4 5 6 25.676 5.221 11.545 7.518 4.027 24.877 4.354 12.986 9.450 3.536 28.722 4.886 13.761 10.102 3.659 37.444 5.022 18.571 14.114 4.457 29.499 4.866 15.151 10.876 4.275 24.730 3.891 12.963 8.966 3.997 28.466 4.468 15.029 11.202 3.827 41.146 6.290 21.656 17.655 4.001 47.200 7.334 23.892 19.558 4.334 47.557 8.771 21.025 17.123 3.902 7 8 9 10 11 8.476 434 7.188 349 9.764 311 13.485 366 9.149 333 7.583 293 8.605 364 13.200 0 15.974 0 17.761 0 12 13 175.410 4.677 4.210 -2.891 185.191 5.261 3.842 -1.821 196.741 5.803 3.991 -3.746 221.178 6.484 4.534 -3i690 263.904 7.074 4.657 -3.314 210.931 8.010 4.880 -2.040 223.352 9.108 5.334 -966 246.808 10.499 6.212 1.280 273.762 11.832 7.080 1.220 325.780 13.182 7.800 1.292 1 2 3 4 13.349 10.458 12.127 10.306 13.945 10.199 15.019 11.329 14.615 11.301 14.767 12.727 14.918 13.952 16.307 17.587 16.808 18.028 17.050 18.342 5 6 NONFIN. CORPORATE BUSINESS STATE + LOCAL GOVERNMENTS FOREIGN U.S. GOVERNMENT 154.204 5.817 4.618 4.775 161.744 6.391 5.581 4.193 173.985 7.083 6.107 3.518 196.238 7. 640 6.574 3.398 235.098 8.424 8.451 3.514 174.129 10.209 11.537 4.206 180.458 11.565 12.202 5.651 194.049 12.237 12.519 10.012 215.706 13.224 13.018 11.682 262.457 14.249 12.744 14.056 7 8 9 10 11 TOTAL ASSETS 12 NONFIN. CORPORATE BUSINESS FOREIGN 13 U.S. GOVERNMENT 14 15 OTHER INSURANCE COMPANIES 196.270 180.823 4.216 7.333 3.898 206.283 189.127 6.230 6.556 4.370 218.615 202.503 6.599 4.852 4.661 247.047 229.758 7.414 4.033 5.842 286.048 266.807 8.449 4.307 6.485 266.227 243.609 10.293 5.305 7.020 276.109 250.004 11.942 6.495 7.668 300.720 269.534 15.360 6.948 8.878 333.699 300.645 16.868 6.186 10.000 395.975 355.539 20.264 8.912 11.260 11 12 13 14 15 16 DISCREPANCY -20.857 -21.089 -21.871 -25.866 -22.144 -55.296 -52.757 -53.912 -59.937 -70.195 16 BROKERS + DEALERS SECURITY LOANS FROM BANKS CUSTOMER CREDIT BALANCES 7 TOTAL ASSETS 8 HOUSEHOLDS 9 COMMERCIAL BANKING 10 TO BROKERS + DEALERS TO OTHERS 11 12 13 BROKERS ♦ DEALERS FOREIGN TRADE CREDIT 1 TOTAL LIABILITIES 2 HOUSEHOLDS FARM BUSINESS 3 4 NONFARM NONCORP. BUSINESS (PAYABLES LESS RECEIVABLES) ASSET 5 LIABILITY 6 7 8 9 10 PROFIT TAXES PAYABLE 1 TOTAL PROFIT TAXES PAYABLE 2 NONFIN. CORPORATE BUSINESS 3 COMMERCIAL BANKS 4 SAVINGS + LOAN ASSOCIATIONS 5 LIFE INSURANCE COMPANIES 6 OTHER INSURANCE COMPANIES 7 FINANCE COMPANIES 8 BROKERS + DEALERS 9 TOTAL TAXES RECEIVABLE STATE ♦ LOCAL GOVERNMENTS 10 U.S. GOVERNMENT 11 12 DISCREPANCY MILLIONS OF DOLLARS 17.096 15.202 617 87 698 126 219 147 13.951 11.472 957 105 823 193 251 150 15.788 13.345 930 150 796 150 277 140 15.703 13.253 730 176 811 270 298 165 18.239 15.631 815 212 847 283 298 153 19.410 16.717 940 272 835 303 298 45 16.749 14.312 615 391 745 308 298 80 24.725 21.796 615 599 878 362 298 177 24.097 20.447 615 908 1.268 480 298 81 29.291 23.896 915 1.324 1.904 681 484 87 1 2 3 4 5 6 7 8 12.296 3.484 8.812 9.930 3.709 6.221 12.008 4.245 7.763 12.034 5.020 7.014 14.085 5.755 8.330 15.401 6.500 8.901 12.906 7.106 5.800 20.633 9.296 11.337 20.963 10.909 10.054 26.119 12.525 13.594 9 10 11 4.800 4.021 3.780 3.669 4.154 4.009 3.843 4.092 3.134 3.172 12 OCTOBER 1979 MISCELLANEOUS I MISCELLANEOUS I 159 MISCELLANEOUS FINANCIAL CLAIMS YEAR—END OUTSTANDINGS, YEAR-END OUTSTANDINGS, 1949-58 1949-58 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1 2 3 4 5 36.242 904 2.941 12.566 3.573 39.933 1.007 3.391 14.042 3.316 42.709 1.086 3.658 15.271 3.274 46.827 1.162 3.945 16.961 2.931 50.388 1.254 4.251 18.310 2.691 54.707 1.341 4.633 20.006 2.481 59.783 1.482 5.076 22.240 2.222 66.709 1.669 5.459 26.357 2.003 73.110 1.843 5.710 29.600 1.709 77.843 1 .969 6.115 31.409 1.537 6 7 8 9 16.258 1.046 1.120 2. 156 18.177 1.093 1.498 2.521 19.420 1.259 1.093 2.757 21.828 1.334 1.244 2.992 23.882 1.548 1.332 3.084 26.246 1.941 1.343 3.652 28.763 1.879 1.476 4.218 31.221 2.103 1.435 4.819 34.248 2.325 1.358 5.689 36.813 2.559 1.556 6.269 10 11 12 13 14 15 267 95 4.211 6.511 852 0 399 138 4.487 7.030 1.011 0 288 154 4.878 7.912 1.079 0 346 164 5.508 8.916 1.324 0 392 203 6.038 9.741 1.544 0 436 261 6.701 10.310 1.602 0 473 310 7.345 11.034 2.028 0 533 369 8.009 11.783 2.170 0 619 426 8.648 12.800 2.383 0 707 526 9.255 13.656 2.285 0 SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES NONLIFE INSUR. COMPANIES FINANCE COMPANIES REITS 10 11 12 13 14 15 16 17 18 19 20 21 22 32.576 8.357 1.035 1.303 12.234 4.720 1.257 35.236 8.692 1.068 1.393 13.460 5.234 1.252 38.866 9.276 1.127 1.544 14.966 5.921 1.210 42.592 10.003 1.214 1.748 16.844 6.053 1.211 46.514 10.609 1.291 1.938 18.823 6.555 1.179 50.266 10.946 1.364 2.133 20.352 6.838 1.350 54.162 11.413 1.472 2.283 22.443 7.491 1.661 61.102 11.733 1.551 2.413 25.999 8.104 2.236 67.379 12.041 1.618 2.586 29.443 8.488 2.883 71.983 12.317 1.684 2.709 31.999 8.981 3.167 TOTAL ASSETS HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUSINESS NONFIN. CORPORATE BUSINESS REST OF THE WORLD U.S. GOVERNMENT 16 17 18 19 20 21 22 23 24 25 26 3.670 40 135 1. 154 4.137 14 160 1.310 4.822 13 177 1.518 5.519 36 207 1.580 6.119 160 205 1.672 7.283 243 192 2.179 7.399 170 221 1.977 9.066 119 325 2.803 10.320 219 30 8 3.414 11.126 213 240 3.671 27 28 29 30 31 32 591 31 1.337 382 0 0 618 37 1.586 412 0 0 797 99 1.776 442 0 0 1.093 147 1.942 514 0 0 1.335 165 2.087 495 0 0 1.661 222 2.283 503 0 0 1.638 240 2.477 676 0 0 1.855 264 2.795 905 0 0 2.057 289 3.046 987 0 0 2.385 338 3.258 1.021 0 0 33 3.666 4.697 3.843 4.235 3.874 4.441 5.621 5.607 5.731 5.860 TOTAL LIABILITIES HOUSEHOLDS NONFIN. CORPORATE BUSINESS REST OF THE WORLD U.S. GOVERNMENT TOTAL FINANCE SPONSORED CREDIT AGENCIES MONETARY AUTHORITIES COMMERCIAL BANKING TOTAL FINANCE SPONSORED CREDIT AGENCIES MONETARY AUTHORITY COMMERCIAL BANKING SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS REITS MONEY MARKET FUNDS UNALLOCATED, NET 1 2 3 4 5 6 7 8 9 23 24 25 26 27 28 29 30 31 32 33 <A) FOREIGN CLAIMS 34 10.700 11.788 12.979 14.721 16.253 17.631 19.395 22.505 25.394 27-409 35 2.941 3.391 3.658 3.945 4.251 4.633 5.076 5.459 5.710 6.115 36 635 635 635 635 635 635 635 670 670 670 37 38 39 297 10 287 379 57 322 427 91 336 412 75 337 419 114 305 570 158 412 852 129 723 1.404 138 1.266 1.976 131 1.845 2.288 149 2.139 DIRECT FOREIGN INVESTMENT BY U.S. CORPORATIONS LIAB.-REST OF THE WORLD 34 DIRECT FOREIGN INVESTMENT IN U.S. LIAB.-NONFIN. CORP. BUSINESS 35 U.S. GOVT. EQ. IN IBRD, ETC. LIAB.-REST OF THE WORLD 36 FOREIGN CURR. EXCEPT OFFICIAL LIAB.-REST OF THE WORLD 37 ASSET-NONFIN. CORP. BUSINESS 38 U.S. GOVERNMENT 39 (BI U. S. GOVERNMENT CLAIMS 40 3. 302 3.035 2.813 2.656 2.465 2.239 1.984 1.740 1.413 1.220 41 211 225 237 253 265 288 303 326 345 363 42 267 224 261 420 558 802 698 683 653 819 43 44 599 335 606 295 649 239 698 239 758 239 898 303 990 303 1.102 300 1.283 368 1.379 358 45 46 47 48 117 14 0 133 119 15 0 177 122 17 0 271 126 18 0 315 132 19 0 368 137 20 0 438 148 21 2 516 161 21 13 607 172 26 32 685 182 32 38 769 MILLIONS OF DOLLARS POSTAL SAVINGS DEPOSITS ASSET-HOUSEHOLDS LIAB.-U.S. GOVT. FEDERAL RESERVE BANK STOCK ASSET OF COMMERCIAL BANKS DEPOSITS AT FHLB LI AB.-SPONSORED CREDIT AGS. ASSET-S+L ASSOCIATIONS EQ. IN U.S. GOVT. CREDIT AGS. U.S. GOVERNMENT PRIVATE FARM BUSINESS (FICB + FLB) NONFARM NONCORPORATE (BC) NONFIN. CORP. BUS. (FNMA) S+L ASSOCIATIONS (FHLB) 40 41 42 43 44 45 46 47 48 OCTOBER 1979 MISCELLANEOUS 1 MISCELLANEOUS I 160 MISCELLANEOUS FINANCIAL CLAIMS YEAR-END OUTSTANDINGS, YEAR-END OUTSTANDINGS, 1959-68 1959-68 1959 1961 1962 1963 1964 1966 1960 1965 1967 1968 —— — ------------------------------ ---------------------------- --------------------- ---------------- — — 1 TOTAL LIABILITIES 2 HOUSEHOLDS 3 NONFIN. CORPORATE BUSINESS 4 REST OF THE WORLD 5 U.S. GOVERNMENT 82.806 2.187 6.604 34.080 1.348 87.945 2.379 6.910 36.773 1.161 95.739 2.512 7.392 40.200 1.037 100.812 2.667 7.612 42.662 815 108.898 2.853 7.944 45.788 687 120.104 3.039 8.363 52.497 556 130.423 3.303 8.797 57.243 599 140.587 3.659 9.054 61.083 791 152.452 3.947 9.923 64.227 1.044 167.933 4.302 10.815 68.519 1.240 1 2 3 4 5 6 7 8 9 38.587 2.545 1.671 5.901 40.722 3.110 1.545 5.089 44.598 3.501 1.493 6.361 47.056 3.614 1.641 6.363 51.626 3.560 1.607 8.093 55.649 3.671 1.852 8.989 60.481 3.787 1.391 10.638 66.000 3.976 1.526 11.612 73.311 4.447 1.641 13.441 83.057 4.194 2.040 17.427 6 7 8 9 SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES NONLIFE INSUR. COMPANIES FINANCE COMPANIES REITS 868 606 9.496 14.800 2.700 0 960 678 10.459 15.721 3.160 0 1.129 781 11.450 16.545 3.338 0 1.211 828 12.440 17.249 3.710 0 1.397 943 13.182 18.323 4.521 0 1.619 989 13.992 19.599 4.938 0 1.733 1.124 15.168 21.145 5.495 0 2.071 1.113 16.385 22.930 6.387 0 2.403 1.260 18.204 25.006 6.909 0 2.709 1.372 19.662 27.472 8.181 0 10 11 12 13 14 15 16 TOTAL ASSETS 17 HOUSEHOLDS 18 FARM BUSINESS 19 NONFARM NONCORP. BUSINESS 20 NONFIN. CORPORATE BUSINESS 21 REST OF THE WORLD 22 U.S. GOVERNMENT 78.315 12.821 1.782 2.896 35.159 10.253 3.411 84.998 13.297 1.846 3.035 38.521 10.120 4.086 91.519 13.826 1.931 3.201 42.108 10.251 4.395 98.157 14.301 1.965 3.329 46.280 10.190 4.588 106.334 14.830 2.125 3.545 51.214 11.248 4.874 115.891 15.710 2.317 3.799 56.579 11.471 4.788 125.365 16.983 2.497 4.083 62.282 11.299 4.679 132.754 18.199 2.704 4.442 65.191 11.800 4.430 145.484 19.848 2.967 4.844 71.243 13.028 4.336 160.145 21.645 3.346 5.326 78.326 14.312 4.113 16 17 18 19 20 21 22 23 24 25 26 11.993 247 363 3.778 14.093 299 317 4.898 15.807 329 348 5.254 17.504 360 411 5.796 18.498 284 351 5.907 21.227 266 359 6.690 23.542 335 451 7.371 25.988 275 650 8.434 29.218 257 671 9.255 33.077 251 906 11.729 23 24 25 26 2.480 329 3.628 1.168 0 0 2.907 355 3.943 1.374 0 0 3.723 395 4.291 1.467 0 0 4.280 432 4.567 1.658 0 0 4.707 582 4.919 1.748 0 0 5.456 658 5.261 2.537 0 0 6.023 761 5.731 2.870 0 0 6.261 881 5.967 3.520 0 0 6.994 958 6.851 4.232 0 0 6.947 1.191 7.468 4.585 0 0 27 28 29 30 31 32 4.491 2.947 4.220 2.655 2.564 4.213 5.058 7.833 6.968 7.788 33 29.827 31.865 34.717 37.276 40.736 44.480 49.283 51.007 55.329 58.547 34 6.604 6.910 7.392 7.612 7.944 8.363 8.797 9.054 9.923 10.815 35 670 824 995 1.117 1.179 1.229 1.290 1.290 1.373 1.510 36 2.514 132 2.382 3.040 148 2.892 3.272 236 3.036 3.903 790 3.113 4.123 731 3.392 4.418 1.097 3.321 3.942 781 3.161 3.703 885 2.818 3.718 1.055 2.663 4.190 1.587 2.603 37 38 39 1.031 844 720 601 508 436 352 135 25 25 40 387 409 445 467 497 524 551 570 598 630 41 589 938 1.180 1.213 1.151 1.199 1.045 1.037 1.432 1.383 42 1.514 359 1.690 370 1.835 364 1.884 358 1.902 303 1.930 238 2.029 228 2.293 322 2.371 300 2.218 0 43 44 198 40 51 866 211 48 72 989 227 57 80 1.107 241 69 90 1.126 256 82 90 1.171 279 95 91 1.227 319 108 97 1.277 365 117 120 1.369 414 128 134 1.395 516 139 160 1.403 45 46 47 48 TOTAL FINANCE SPONSORED CREDIT AGENCIES MONETARY AUTHORITIES COMMERCIAL BANKING 10 11 12 13 14 15 TOTAL FINANCE SPONSORED CREDIT AGENCIES MONETARY AUTHORITY COMMERCIAL BANKING SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS REITS MONEY MARKET FUNDS 27 28 29 30 31 32 33 UNALLOCATED, NET (A) 34 FOREIGN CLAIMS DIRECT FOREIGN INVESTMENT BY U.S. CORPORATIONS LIAB.-REST OF THE WORLD DIRECT FOREIGN INVESTMENT IN U.S. 35 LIAB.-NONFIN. CORP. BUSINESS U.S. GOVT. EQ. IN IBRD, ETC. 36 LIAB.-REST OF THE WORLD FOREIGN CURR. EXCEPT OFFICIAL 37 LIAB.-REST OF THE WORLD 38 ASSET-NONFIN. CORP. BUSINESS 39 U.S. GOVERNMENT (B> U. S. GOVERNMENT CLAIMS 40 POSTAL SAVINGS DEPOSITS ASSET-HOUSEHOLDS LIAB.-U.S. GOVT. 41 FEDERAL RESERVE BANK STOCK ASSET OF COMMERCIAL BANKS 42 DEPOSITS AT FHLB LIAB.-SPONSORED CREOIT AGS. ASSET—S+L ASSOCIATIONS 43 EQ. IN U.S. GOVT. CREDIT AGS. 44 U.S. GOVERNMENT PRIVATE 45 FARM BUSINESS XFICB + FLB) 46 NONFARM NONCORPORATE (BC) 47 NONFIN. CORP. BUS. (FNMA) 48 S+L ASSOCIATIONS (FHLB) MILLIONS OF DOLLARS OCTOBER 1979 MISCELLANEOUS I MISCELLANEOUS I MISCELLANEOUS FINANCIAL CLAIMS 161 YEAR-END OUTSTANDINGS, 1969-78 YEAR-END OUTSTANDINGS, 1969-78 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1 2 3 4 5 185.067 4.688 11.818 72.227 942 202.756 5.118 13.270 78.671 329 221.303 5.436 13.914 87.004 336 249.117 5.976 14.868 93.501 337 284.923 6.376 20.556 105.162 337 312.799 7.086 25.144 113.693 1.748 344.135 7.744 27.662 128.022 1.150 384.902 8.375 30.770 146.401 675 427.179 9.284 34.595 156.537 25 495.384 10.349 40.831 179.617 25 6 7 8 9 95.392 4.548 2.422 22.681 105.368 6.640 2.948 23.234 114.613 6.111 2.882 25.021 134.435 6.393 2.864 33.604 152.492 8.562 4.173 37.377 165.128 8.826 4.023 41.540 179.557 10.468 3.797 42.509 198.681 11.877 4.096 42.775 226.738 14.035 4.217 49.253 264.562 18.803 5.235 61.192 10 11 12 13 14 15 3.025 1.585 21.093 30.817 9.221 0 3.567 1.689 22.554 34.235 10.501 0 4.034 1.809 24.465 37.805 12.486 0 4.937 2.024 27.111 42.624 14.878 0 5.582 2.620 29.607 47.399 17.172 0 5.537 2.888 32.185 52.293 17.056 780 6.237 2.755 35.478 58.502 17.731 2.080 7.321 2.883 39.364 68.792 19.313 2.260 8.417 3.292 43.955 81.385 20.426 1.758 7.914 4.665 48.458 95.447 21.030 1.818 SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES NONLIFE INSUR. COMPANIES FINANCE COMPANIES REITS 10 11 12 13 14 15 16 17 18 19 20 21 22 172.715 23.763 3.782 5.998 86.274 13.581 4.204 189.420 26.347 4.271 6.682 94.882 13.811 4.378 208.052 28.651 4.839 7.476 107.318 12.901 4.571 232.207 31.319 5.513 8.470 121.431 14.322 4.449 272.480 34.124 6.156 9.455 139.931 24.895 5.420 298.282 36.802 6.910 10.475 150.422 25.440 5.508 326.675 40.552 7.837 11.748 165.908 28.679 6.114 372.067 46.004 9.326 13.878 185.272 40.737 7.078 410.113 52.943 11.052 16.436 206.962 36.610 7.752 476.152 60.539 12.911 19.334 233.915 42.789 8.519 TOTAL ASSETS HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUSINESS NONFIN. CORPORATE BUSINESS REST OF THE WORLD U.S. GOVERNMENT 16 17 18 19 20 21 22 23 24 25 26 35.113 604 776 12.654 39.049 1.406 866 12.786 42.296 1.595 1.051 14.191 46.703 1.223 1.068 15.860 52.499 2.069 1.362 17.495 62.725 299 3.193 23.778 65.837 1.211 3.214 22.415 69.772 985 3.008 22.113 78.358 1.891 2.424 26.182 98.145 2.540 2.953 35.548 27 28 29 30 31 32 6.702 1.327 8.330 4.720 0 0 8.240 1.740 9.151 4.860 0 0 8.022 2.375 10.069 4.826 167 0 8.582 2.917 11.076 4.983 994 0 9.558 3.869 11.993 5.129 1.024 0 11.595 3.825 13.386 5.263 1.384 2 13.290 4.291 15.049 5.506 788 73 15.748 5.129 16.499 5.746 462 82 17.257 6.051 18.977 5.240 217 119 20.908 7.918 21.743 5.366 843 326 33 12.352 13.336 13.251 16.910 12.443 14.517 17.460 12.835 17.066 19.232 TOTAL LIABILITIES HOUSEHOLDS NONFIN. CORPORATE BUSINESS REST OF THE WORLD U.S. GOVERNMENT TOTAL FINANCE SPONSORED CREDIT AGENCIES MONETARY AUTHORITIES COMMERCIAL BANKING TOTAL FINANCE SPONSORED CREDIT AGENCIES MONETARY AUTHORITY COMMERCIAL BANKING SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS REITS MONEY MARKET FUNDS UNALLOCATED, NET 1 2 3 4 5 6 7 8 9 23 24 25 26 27 28 29 30 31 32 33 (A) FOREIGN CLAIMS 34 63.704 70.269 76.388 81.503 91.715 100.364 114.140 126.583 138.964 156.381 35 11.818 13.270 13.914 14.868 20.556 25.144 27.662 30.770 34.595 40.831 36 1.694 1.929 2.181 2.451 2.799 3.445 4.119 5.207 5.956 6.581 37 38 39 3.683 1.173 2.510 3.247 798 2.449 3.624 1.234 2.390 4.170 2.172 1.998 5.950 3.329 2.621 7.009 4.946 2.063 7.767 5.772 1.995 9.312 7.441 1.871 10.538 8.742 1.796 12.673 10.735 1 .938 DIRECT FOREIGN INVESTMENT BY U.S. CORPORATIONS LIAB.-REST OF THE WORLD OIRECT FOREIGN INVESTMENT IN U.S. LIAB.-NONFIN. CORP. BUSINESS 35 U.S. GOVT. EQ. IN IBRD, ETC. LIAB.-REST OF THE WORLD 25 25 25 25 25 25 25 25 25 25 41 669 702 742 793 844 897 929 983 1.029 1.078 42 1.041 2.330 1.789 1.548 1.745 2.393 2.662 3.866 4.146 6.206 43 44 2.426 0 2.732' 0 2.849 0 3.107 0 3.672 0 4.431 0 4.799 0 5.317 0 6.093 0 7.358 0 45 46 47 48 571 152 225 1.478 622 167 336 1.607 692 180 359 1.618 782 192 377 1.756 942 212 396 2.122 1.148 246 413 2.624 1.384 287 423 2.705 1.608 360 460 2.889 1.855 404 539 3.29 5 2.126 531 581 4.120 MILLIONS OF DOLLARS 36 FOREIGN CURR. EXCEPT OFFICIAL LIAB.-REST OF THE WORLD 37 ASSET-NONFIN. CORP. BUSINESS 38 U.S. GOVERNMENT 39 (B) U. 40 34 S. GOVERNMENT CLAIMS POSTAL SAVINGS DEPOSITS ASSET-HOUSEHOLDS LIAB.-U.S. GOVT. FEDERAL RESERVE BANK STOCK ASSET OF COMMERCIAL BANKS DEPOSITS AT FHLB LIAB.-SPONSORED CREDIT AGS. ASSET-S+L ASSOCIATIONS 40 41 42 EQ. IN U.S. GOVT. CREDIT AGS. 43 U.S. GOVERNMENT 44 PRIVATE FARM BUSINESS (FICB + FLB) 45 NONFARM NONCORPORATE (BC) 46 NONFIN. CORP. BUS. (FNMA) 47 S+L ASSOCIATIONS (FHLB) 48 OCTOBER 1979 MISCELLANEOUS II MISCELLANEOUS II 162 MISCELLANEOUS FINANCIAL CLAIMS YEAR-END OUTSTANDINGS, (CONTINUED) YEAR-END OUTSTANDINGS, 1949-58 1949-58 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 DEFERRED AND UNPAID PREMIUMS 1 LIAB.-HOUSEHOLDS ASSET-LIFE INSURANCE 904 1.007 1.086 1. 162 1.254 1.341 1.482 1.669 1.843 1.969 1 LIFE COMPANY RESERVES LIAB.-LIFE INSURANCE COS. ACCIDENT AND HEALTH POLICY DIV. ACCUM. ASSET-HOUSEHOLDS 2.134 229 1.905 2.372 266 2.106 2.631 337 2.294 2.915 399 2.516 3.267 470 2.797 3.603 514 3.089 4.015 575 3.440 4.385 612 3.773 4.799 698 4.101 5.131 710 4.421 2 3 4 6.511 2.921 918 1.289 1.383 7.030 3.285 949 1.378 1.418 7.912 3.832 1.005 1.527 1.548 8.916 4.432 1.088 1.730 1.666 9.741 4.877 1.159 1.919 1.786 10.310 5.104 1.227 2.113 1.866 11.034 5.414 1.324 2.262 2.034 11.783 5.608 1.390 2.392 2.393 12.800 5.829 1.446 2.560 2.965 13.656 5.966 1.502 2.677 3.511 5 6 7 8 9 (C) LIFE 2 3 4 (D) 5 6 7 8 9 INSURANCE CLAIMS NONLIFE INSURANCE CLAIMS LIAB.-OTHER INSURANCE ASSET-HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUS. NONFIN. CORP. BUSINESS (E) UNALLOCATED ASSETS + LIAB. 10 NET TOTAL (LIAB. LESS ASSETS) 3.666 4.697 3.843 4.235 3.874 4.441 5.621 5.607 5.731 5.860 10 11 12 13 14 15 TOTAL LIABILITIES REST OF THE WORLD U.S. GOVERNMENT SPONSORED CREDIT AGENCIES MONETARY AUTHORITIES 7.741 934 271 180 909 9.241 1.240 281 263 1.273 9.421 1.230 461 349 856 10.094 1.193 27 5 216 991 10.522 1.003 226 232 1.067 11.757 1.170 242 241 1.055 13.319 1.358 238 191 1.173 14.983 1.778 263 318 1.109 16.224 1.560 296 389 1.013 16.824 1.042 317 361 1.193 11 12 13 14 15 16 17 18 19 20 COMMERCIAL BANKING COMMERCIAL BANKS BANK AFFILIATES FOREIGN BANKING OFFICES BANKS IN U.S. POSS. 2.156 1.338 0 43 77 5 2.521 1.656 0 43 822 2.757 1.859 0 52 846 2.992 2.046 0 69 877 3.084 2.111 0 94 879 3.652 2.635 0 99 918 4.218 3.170 0 92 956 4.819 3.644 0 136 1.039 5.689 4.417 0 95 1.177 6.269 4.808 0 165 1.296 16 17 18 19 20 21 22 23 24 25 SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE FINANCE COMPANIES REITS 267 95 2.077 852 0 399 138 2.115 1.011 0 288 154 2.247 1.079 0 346 164 2.593 1.324 0 392 203 2.771 1.544 0 436 261 3.098 1.602 0 473 310 3.330 2.028 0 533 369 3.624 2.170 0 619 426 3.849 2.383 0 707 526 4.124 2.285 0 21 22 23 24 25 4.075 141 1.779 40 135 769 3 171 4.544 197 1.843 14 160 847 23 215 5.578 348 2.263 13 177 1.010 53 218 5.859 382 2. 108 36 207 1.015 85 227 6.648 670 2.304 160 205 1.097 88 222 7.316 697 2.205 243 192 1.445 198 248 7.698 883 2.415 170 221 1.311 108 255 9.376 950 2.645 119 325 1.719 484 274 10.493 921 2.778 219 308 2.103 614 352 10.964 892 2.866 213 240 2.172 760 376 26 27 28 29 30 31 32 33 191 31 433 382 0 0 217 37 579 412 0 0 265 99 690 442 0 0 358 147 780 514 0 0 409 165 833 495 0 0 421 222 942 503 0 0 424 240 995 676 0 0 565 264 1.126 905 0 0 719 289 1.203 987 0 0 797 338 1.289 1.021 0 0 34 35 36 37 38 39 26 27 28 29 30 31 32 33 34 35 36 37 38 39 TOTAL ASSETS NONFIN. CORPORATE BUSINESS REST OF THE WORLD SPONSORED CREDIT AGENCIES MONETARY AUTHORITY COMMERCIAL BANKS FOREIGN BANKING OFFICES BANKS IN U.S. POSSESSIONS SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE PRIVATE PENSION FUNDS REITS MONEY MARKET FUNDS MILLIONS OF DOLLARS OCTOBER 1979 MISCELLANEOUS II MISCELLANEOUS II MISCELLANEOUS FINANCIAL CLAIMS (CONTINUED) YEAR-END OUTSTANDINGS, YEAR-END OUTSTANDINGS, 1959-68 1959 1960 1961 1962 1963 1964 1965 1966 1967 1959-68 1968 (C) LIFE INSURANCE CLAIMS 1 2. 187 2.379 2.512 2.667 2.853 3.039 3.303 3.659 3.947 4.302 DEFERRED AND UNPAID PREMIUMS LI AB.—HOUSEHOLDS ASSET-LIFE INSURANCE 2 3 4 5.511 794 4.717 6.026 865 5.161 6.543 923 5.620 7.119 1.005 6.114 7.362 1.141 6.221 7.767 1.276 6.491 8.405 1.432 6.973 9.129 1.652 7.477 10.085 2.144 7.941 10.953 2.474 8.479 LIFE COMPANY RESERVES LIAB.—LIFE INSURANCE COS. ACCIDENT AND HEALTH POLICY DIV. ACCUM. ASSET-HOUSEHOLDS 5 6 7 8 9 14.800 6.279 1.584 2.856 4.081 15.721 6.427 1.635 2.987 4.672 16.545 6.563 1.704 3.144 5.134 17.249 6.581 1.724 3.260 5.684 18.323 6.960 1.869 3.463 6.031 19.599 7.507 2.038 3.704 6.350 21.145 8.226 2.178 3.975 6.766 22.930 8.935 2.339 4.325 7.331 25.006 9.738 2.553 4.716 7.999 27.472 10.667 2.830 5.187 8.788 10 4.491 2.947 4.220 2.655 2.564 4.213 5.058 7.833 6.968 7.788 NET TOTAL (LIAB. LESS ASSETS) 10 27.120 2.370 120 542 1.328 30.281 2.728 247 713 840 35.780 5.083 656 646 9 56 38.645 3.807 1.019 644 1.043 45.888 4.272 1.215 593 1.410 TOTAL LIABILITIES REST OF THE WORLD U.S. GOVERNMENT SPONSORED CREDIT AGENCIES MONETARY AUTHORITIES 11 12 13 14 15 COMMERCIAL BANKING COMMERCIAL BANKS BANK AFFILIATES FOREIGN BANKING OFFICES BANKS IN U.S. POSS. 16 17 18 19 20 SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE FINANCE COMPANIES REITS 21 22 23 24 25 1 2 3 4 (D) NONLIFE INSURANCE CLAIMS LIAB.-OTHER INSURANCE ASSET-HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUS. NONFIN. CORP. BUSINESS 5 6 7 8 9 (E) UNALLOCATED ASSETS ♦ LIAB. 11 12 13 14 15 17.172 1.069 317 442 1.284 17.299 1.044 317 482 1.136 19.583 1.216 317 486 1.048 19.704 366 214 517 1.174 22.320 -250 179 507 1.110 16 17 18 19 20 5.901 5.200 0 90 611 5.089 4.314 0 87 688 6.361 5.542 0 4 815 6.363 5.368 0 57 938 8.093 6.843 0 140 1.110 8.989 8.025 0 -293 1.257 10.638 9.277 0 17 1.344 11.612 9.834 0 158 1.620 13.441 11.224 0 303 1.914 17.427 15.368 0 -107 2.166 21 22 23 24 25 868 606 3.985 2.700 0 960 678 4.433 3.160 0 1.129 781 4.907 3.338 0 1.211 828 5.321 3.710 0 1.397 943 5.820 4.521 0 1.619 989 6.225 4.938 0 1.733 1.124 6.763 5.495 0 2.071 1.113 7.256 6.387 0 2.403 1.260 8.119 6.909 0 2.709 1.372 8.709 8.181 0 26 27 28 29 30 31 32 33 12.681 1.068 3.649 247 363 2.316 751 324 14.352 1.764 3.210 299 317 3.055 1.077 357 15.363 1.941 2.859 329 348 3.576 815 418 17.049 2.440 2.578 360 411 3.912 967 450 19.756 3.626 3.304 284 351 3.870 1.037 503 22.907 4.561 3.108 266 359 4.171 1.394 601 25.223 5.355 2.502 335 451 4.773 1.443 604 27.947 5.848 2.746 275 650 5.503 1.645 716 31.677 6.726 3.105 257 671 6.610 1.235 812 38.100 9.244 3.497 251 906 8.316 1.827 956 34 35 36 37 38 39 1.025 329 1.441 1. 168 0 0 980 355 1.564 1.374 0 0 1.436 395 1.779 1.467 0 0 1.941 432 1.900 1.658 0 0 2.385 582 2.066 1.748 0 0 3.030 658 2.222 2.537 0 0 3.701 761 2.428 2.870 0 0 3.855 881 2.308 3.520 0 0 4.167 958 2.904 4.232 0 0 4.161 1.191 3.166 4.585 0 0 MILLIONS OF DOLLARS TOTAL ASSETS NONFIN. CORPORATE BUSINESS REST OF THE WORLD SPONSORED CREDIT AGENCIES MONETARY AUTHORITY COMMERCIAL BANKS FOREIGN BANKING OFFICES BANKS IN U.S. POSSESSIONS SAVINGS -i- LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE PRIVATE PENSION FUNDS REITS MONEY MARKET FUNDS 26 27 28 29 30 31 32 33 34 35 36 37 38 39 OCTOBER 1979 MISCELLANEOUS II MISCELLANEOUS II 164 MISCELLANEOUS FINANCIAL CLAIMS (CONTINUED) YEAR-END OUTSTANDINGS, 1969-78 YEAR-END OUTSTANDINGS, 1969-78 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 DEFERRED AND UNPAID PREMIUMS 1 LIAB.-HOUSEHOLDS ASSET-LIFE INSURANCE 4.688 5.118 5.436 5.976 6.376 7.086 7.744 8.375 9.284 10.349 1 LIFE COMPANY RESERVES LIAB.-LIFE INSURANCE COS. ACCIDENT AND HEALTH POLICY DIV. ACCUM. ASSET-HOUSEHOLDS 11.913 2.879 9.034 13.082 3.474 9.608 14.142 3.892 10.250 15.408 4.347 11.061 16.846 4.910 11.936 18.291 5.607 12.684 19.982 6.293 13.689 21.847 6.962 14.885 24.595 8.329 16.266 27.295 9.596 17.699 2 3 4 30.817 11.825 3.211 5.846 9.935 34.235 13.240 3.649 6.515 10.831 37.805 14.484 4.147 7.296 11.878 42.624 15.686 4.731 8.278 13.729 47.399 17.253 5.214 9.243 15.689 52.293 18.486 5.762 10.229 17.816 58.502 20.545 6.453 11.461 20.043 68.792 24.132 7.718 13.518 23.424 81.385 28.323 9.197 16.032 27.833 95.447 33.219 10.785 18.803 32.640 5 6 7 8 9 (C, LIFE INSURANCE CLAIMS 2 3 4 (D> 5 6 7 8 9 NONLIFE INSURANCE CLAIMS LIAB.-OTHER INSURANCE ASSET-HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUS. NONFIN. CORP. BUSINESS (E) UNALLOCATED ASSETS + LIAB. 10 NET TOTAL (LIAB. LESS ASSETS) 12.352 13.336 13.251 16.910 12.443 14.517 17.460 12.835 17.066 19.232 10 11 12 13 14 15 TOTAL LIABILITIES REST OF THE WORLD U.S. GOVERNMENT SPONSORED CREDIT AGENCIES MONETARY AUTHORITIES 52.589 3.146 917 1.081 1.753 55.817 3.226 304 1.578 2.246 62.408 4.811 311 1.473 2.140 76.644 5.377 312 1.738 2.071 86.996 4.698 312 3.145 3.329 91.421 2.875 1.723 2.002 3.126 95.804 1.996 1.125 3.007 2.868 103.825 5.299 650 2.694 3.113 110.569 1.079 0 3.796 3.188 131.160 3.982 0 5.239 4.157 11 12 13 14 15 16 17 18 19 20 COMMERCIAL BANKING COMMERCIAL BANKS BANK AFFILIATES FOREIGN BANKING OFFICES BANKS IN U.S. POSS. 22.681 19.155 237 8 3.281 23.234 19.652 1.287 -1.480 3.775 25.021 21.274 1.858 -2.395 4.284 33.604 25.563 560 2.731 4.750 37.377 28.862 -392 3.684 5.223 41.540 34.405 -3.427 5.272 5.290 42.509 34.508 -4.275 5.926 6.350 42.775 33.557 -3.782 6.271 6.729 49.253 39.168 -4.481 7.004 7.562 61.192 51.392 -7.638 9.255 8.183 16 17 18 19 20 21 22 23 24 25 SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE FINANCE COMPANIES REITS 3.025 1.585 9.180 9.221 0 3.567 1.689 9.472 10.501 0 4.034 1.809 10.323 12.486 0 4.937 2.024 11.703 14.878 0 5.582 2.620 12.761 17.172 0 5.537 2.888 13.894 17.056 780 6.237 2.755 15.496 17.731 2.080 7.321 2.883 17.517 19.313 2.260 8.417 3.292 19.360 20.426 1.758 7.914 4.665 21.163 21.030 1.818 21 22 23 24 25 40.237 11.237 1.763 604 776 8.905 1.274 1.806 42.481 12.648 541 1.406 866 9.771 251 2.062 49.157 17.459 -1.013 1.595 1.051 10.248 1.068 2.133 59.734 23.650 -546 1.223 1.068 10.745 2.179 2.143 74.553 28.802 4.339 2.069 1.362 11.683 2.747 2.221 76.904 26.883 296 299 3.193 16.750 4.126 2.005 78.344 25.530 1.017 1.211 3.214 14.213 4.685 2.588 90.990 27.364 9.967 985 3.008 13.535 5.102 2.493 93.503 30.884 2.015 1.891 2.424 17.237 5.411 2.505 111.928 33.578 1.958 2.540 2.953 24.249 7.612 2.609 26 27 28 29 30 31 32 33 4.183 1.327 3.642 4.720 0 0 4.303 1.740 4.033 4.860 0 0 4.615 2.375 4.633 4.826 167 0 5.278 2.917 5.100 4.983 994 0 5.691 3.869 5.617 5.129 1.024 0 6.578 3.825 6.300 5.263 1.384 2 7.923 4.291 7.305 5.506 788 73 8.993 5.129 8.124 5.746 462 82 9.816 6.051 9.693 5.240 217 119 10.582 7.918 11.394 5.366 843 326 34 35 36 37 38 39 26 27 28 29 30 31 32 33 34 35 36 37 38 39 TOTAL ASSETS NONFIN. CORPORATE BUSINESS REST OF THE WORLD SPONSORED CREDIT AGENCIES MONETARY AUTHORITY COMMERCIAL BANKS FOREIGN BANKING OFFICES BANKS IN U.S. POSSESSIONS SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS LIFE INSURANCE PRIVATE PENSION FUNDS REITS MONEY MARKET FUNDS MILLIONS OF DOLLARS OCTOBER 1979 TOTAL CLAIMS TOTAL CLAIMS 165 TOTAL FINANCIAL ASSETS ANO LIABILITIES YEAR-END OUTSTANDINGS, 1949-58 YEAR-END OUTSTANDINGS, 1949-58 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 CREDIT MARKET DEBT CLAIMS (1) 1 403.278 429.974 453.220 485.709 516.617 542.606 583.837 612.552 642.992 682.700 2 3 4 5 6 7 8 9 10 397.356 217.670 13.919 165.767 60.175 8.474 10.973 64.608 21.537 421.837 216.491 14.038 191.308 72.557 9.532 12.979 71.304 24.936 444.296 216.053 14.679 213.564 81.541 10.819 14.234 79.595 27.375 475.353 221.418 15.140 238.795 93.712 11.609 15.320 86.773 31.381 504.588 228.438 16.268 259.882 106.274 11.509 15.855 90.958 35.286 530.463 230.836 16.554 283.073 117.267 12.281 16.667 95.825 41.033 566.443 230.029 16.579 319.835 137.211 13.723 18.410 104.170 46.321 593.888 224.213 17.446 352.229 153.415 14.581 19.525 114.728 49.980 621.978 221.958 18.763 381.257 166.239 15.638 20.469 124.533 54.378 661.915 231.258 20.765 409.892 177.898 17.002 21.891 133.045 60.056 TOTAL CREDIT MKT. LIABILITIES OWED BY: NONFINANCIAL SECTORS U.S. GOVERNMENT FOREIGN PRIVATE DOMESTIC HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUS. CORPORATE BUSINESS ST.+LOC. GOVERNMENTS 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 5.922 1.447 7 0 0 777 3.691 0 8.137 1.828 32 0 0 1.222 5.055 0 8.924 2.055 43 0 0 1.374 5.452 0 10.356 2.102 53 0 0 1.453 6.748 0 12.029 2.099 60 0 0 1.584 8.286 0 12.143 2.064 78 0 0 1.751 8.250 0 17.394 3.071 116 0 0 2.476 11.731 0 18.664 3.809 149 0 0 2.237 12.469 0 21.014 4.929 173 0 0 2.237 13.675 0 20.785 4.985 190 0 0 2.606 13.004 0 FINANCIAL SECTORS SPONSORED CREDIT AGENCIES MORTGAGE POOLS COMMERCIAL BANKS BANK AFFILIATES SAVINGS + LOAN ASSNS. FINANCE COMPANIES REITS 11 12 13 14 15 16 17 18 TOTAL CREDIT MARKET ASSETS HELD BY: PRIVATE DOM. NONFIN. SECTORS HOUSEHOLDS NONFARM NONCORP. BUSINESS NONFIN. CORPORATE BUSINESS STATE + LOCAL GOVERNMENTS 20 21 22 23 24 19 403.278 429.974 453.220 485.709 516.617 542.606 583.837 612.552 642.992 682.700 20 21 22 23 24 133.041 101.452 2.917 20.451 8.221 138.364 101.250 3.441 24.656 9.017 141.306 101.834 3.734 26.242 9.496 146.512 105.015 4.191 26.214 11.092 153.846 108.785 4.388 28.290 12.383 155.045 109.987 4.471 26.997 13.590 169.118 117.846 4.704 31.955 14.613 173.100 124.500 5.079 28.082 15.439 178.867 129.812 5.334 27.715 16.006 181.524 130.983 5.511 28.484 16.546 25 26 2.338 15.273 3.581 15.976 3.598 17.274 4.718 18.816 5.310 20.785 5.742 20.495 6.711 21.109 7.858 21.770 8.409 22.411 8.446 23.890 27 28 29 30 252.626 2.647 7 18.957 272.053 3.107 32 20.781 291.042 3.524 43 23.806 315.663 3.647 53 24.732 336.676 3.708 60 25.932 361.324 4.024 78 25.066 386.899 5.000 116 24.815 409.824 6.048 149 25.010 433.305 7.347 173 24.309 31 32 33 34 35 118.807 117.561 0 784 462 125.287 123.875 0 942 470 131.879 130.226 0 1.199 454 140.563 138.714 0 1.369 480 144.223 142.382 0 1.357 484 153.605 151.675 0 1.427 503 158.064 156.077 0 1.460 527 163.241 161.277 0 1.394 570 36 37 38 39 40 112.208 34.447 13.418 20.443 586 122.846 37.757 15.575 21.436 746 131.790 40.727 17.620 22.295 812 146.668 45.654 20.698 23.901 1.055 162.753 51.469 24.477 25.620 1.372 178.551 57.944 28.603 27.531 1.610 198.904 66.125 34.653 29.485 1.987 41 42 43 44 45 69.103 54.427 4. 190 4.060 6.426 75.106 57.905 5.275 4.707 7.219 80.836 61.547 6.048 5.436 7.805 88.274 65.938 7.175 6.428 8.733 96.707 70.638 8.494 7.702 9.873 105.213 75.397 9. 827 9.161 10.828 46 47 48 49 50 51 8.658 6.839 0 277 0 1.542 9.983 8.231 0 349 0 1.403 10.227 8.653 0 390 0 1.184 12.740 10.782 0 472 0 1.486 14.577 12.500 0 469 0 1.608 15.394 13.166 0 593 0 1.635 1 19 REST OF THE WORLD U.S. GOVERNMENT 25 26 468.840 7.684 190 26.414 FINANCIAL INSTITUTIONS SPONSORED CREDIT AGENCIES MORTGAGE POOLS FEDERAL RESERVE SYSTEM 27 28 29 30 168.150 166.343 0 1.205 602 183.147 181.194 0 1.273 680 COMMERCIAL BANKING COMMERCIAL BANKS BANK AFFILIATES FOREIGN BANKING OFFICES BANKS IN U.S. POSS. 31 32 33 34 35 215.376 73.470 39.584 31.492 2.394 233.326 80.717 44.588 33.270 2.859 251.405 89.792 50.988 35.663 3.141 PRIVATE NONBANK FINANCE SAVINGS INSTITUTIONS SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS CREDIT UNIONS 36 37 38 39 40 113.628 80.476 11.166 10.457 11.529 121.962 85.615 12.723 11.681 11.943 130.813 90.461 14.495 13.258 12.599 140.029 95.533 16.151 14.963 13.382 INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT, RTR. FUND OTHER INSURANCE COS. 41 42 43 44 45 19.151 16.972 0 792 0 1.387 19.944 17.958 0 1.021 0 965 21.796 19.272 0 1.170 0 1.354 21.584 18.975 0 1.367 0 1.242 FINANCE N.E.C. FINANCE COMPANIES REITS OPEN-END INVESTMENT COS. MONEY MARKET FUNDS SECURITY BKRS. + DEALERS 46 47 48 49 50 51 TOTAL CLAIMS AND THEIR RELATION TO TOTAL FINANCIAL ASSETS TOTAL CREDIT MKT. LIABILITIES (FROM PRECEDING TABLE) OTHER LIABILITIES: OFFICIAL FOREIGN EXCHANGE TREASURY CURR. + SDR CTFS. 1 403.278 429.974 453.220 485.709 516.617 542.606 583.837 612.552 642.992 682.700 2 3 1.462 2.384 1.446 2.374 1.426 2.398 1.462 2.435 1.367 2.469 1.185 2.505 1.044 2.507 1.608 2.526 1.975 2.562 1.958 2.600 4 5 6 7 8 9 187.690 118.854 36.458 32.460 -82 0 195.638 124.099 36.733 34.867 -61 0 207.770 131.303 38.378 38.082 7 0 222.500 137.801 41.521 43.156 22 0 231.706 137.831 44.916 48.922 37 0 246.763 142.431 48.712 55.640 -20 0 257.308 144.724 50.019 62.770 -205 0 268.502 146.563 52.061 70.088 -210 0 280.038 145.947 57.427 76.977 -313 0 302.662 151.673 65.365 85.876 -252 0 10 11 52.104 20.327 55.049 24.2 54 57.777 27.820 60.665 32.595 63.647 37.479 66.349 42.654 69.254 50.546 72.724 56.590 75.462 62.678 78.535 72.716 LIFE INSURANCE RESERVES PENSION FUND RESERVES 10 11 12 13 14 15 4.433 27.603 10.446 36.242 5.511 37.427 18.120 39.933 5.109 40.385 23.020 42.709 5.661 42.208 20.106 46.827 6.513 42.011 21.174 50.388 8.647 46.206 17.622 54.707 9.628 56.799 21.345 59.783 8.991 61.633 19.554 66.709 8.712 64.673 17.606 73.110 10.447 68.823 15.076 77.843 SECURITY CREDIT TRADE DEBT PROFIT TAXES PAYABLE MISCELLANEOUS 12 13 14 15 16 17 20.846 3.070 23.367 3.344 26.274 3.481 26.264 3.931 26.088 4.146 24.629 6.109 26.261 7.838 27.328 9.046 26.590 8.714 26.094 13.241 INTERBANK CLAIMS INVESTMENT COMPANY SHARES 16 17 18 769.885 836.437 891.389 950.363 1003.605 1059.982 1146.150 1207.763 1265.112 1352.695 18 19 20 116.930 35.015 142.656 35.355 166.519 35.575 182.069 35.815 174.859 36.290 251.892 36.940 309.174 37.620 328.948 38.075 290.289 38.765 404.736 39.445 21 22 23 18 6.323 -2.554 -181 6.896 -3.248 -191 7.108 -4.665 -838 8.768 -6.766 -653 8.988 -6.065 -36 8.480 -5.481 -427 9.024 -4.414 -60 9.482 -5.628 -5 9.154 -4.299 -162 9.554 -6.035 24 25 26 27 28 -2.058 878 -82 682 3.666 -2.106 1.004 -61 790 4.697 -2.155 642 7 491 3.843 -2.221 709 22 1.237 4.235 -2.269 786 37 1.783 3.874 -2.324 737 -20 1.263 4.441 -2.345 1.036 -245 2.098 5.621 -2.384 1.122 -228 2.077 5.607 -2.428 788 -331 2.136 5.731 -2.478 888 -252 2.070 5.860 TOTAL LIABILITIES ABOVE + FINANCIAL ASSETS NOT INCLUDED IN BORROWING OTHER CORPORATE EQUITIES GOLD + SDR'S - FLOATS NOT INCL. IN ASSETS DEMAND DEPOSITS-U.S. GOVT. OTHER TRADE CREDIT - LIABILITIES NOT ALLOCATED AS ASSETS TREASURY CURRENCY INTERBANK CLAIMS SECURITY RP'S PROFIT TAXES PAYABLE MISCELLANEOUS 24 25 26 27 28 TOTALS ALLOCATED TO SECTORS AS ASSETS 29 29 914.957 1006.657 1088.403 1163.101 1208.273 1341.754 1482.596 1564.798 1583.420 1787.431 DEPOSITS AT FINANCIAL INSTS. DEMAND DEP. + CURRENCY TIME DEPOSITS AT BANKS DEP. AT SAVINGS INSTIT. SECURITY RP'S MONEY MARKET FUND SHARES (1) EXCLUDES CORPORATE EQUITIES. MILLIONS OF DOLLARS 1 2 3 4 5 6 7 8 9 19 20 21 22 23 OCTOBER 1979 TOTAL CLAIMS 166 TOTAL CLAIMS TOTAL FINANCIAL ASSETS ANO LIABILITIES YEAR-END OUTSTANDINGS, 1959-68 YEAR-END OUTSTANDINGS, 1959-68 1959 1960 1961 1962 1963 1964 1965 1966 CREDIT MARKET DEBT CLAIMS (1) 1967 ---- — 1968 _---------- ----- 1 TOTAL CREDIT MKT. LIABILITIES OWED BY: 2 NONFINANCIAL SECTORS 3 U.S. GOVERNMENT FOREIGN 4 5 PRIVATE DOMESTIC 6 HOUSEHOLDS 7 FARM BUSINESS NONFARM NONCORP. BUS. 8 9 CORPORATE BUSINESS ST.+LOC. GOVERNMENTS 10 740.384 779.922 827.878 888.464 955.396 1028.213 1108.603 1184.571 1265.308 1373.781 1 713.433 238.335 21.436 453.662 200.652 18.934 24.224 143.331 66.521 749.699 236.274 23.250 490.175 218.377 19.96 5 25.924 153.903 72.006 795.301 243.475 25.503 526.323 234.967 21.558 28.193 164.288 77.317 850.708 250.468 28.045 572.195 257.035 23.856 31.361 176.764 83.179 910.266 254.441 31.188 624.637 283.917 26.406 35.851 189.328 89.135 977.854 1049.513 1117.547 1199.069 1297.470 260.670 262.434 266.063 279.063 292.631 43.064 37.765 35.356 39.225 45.750 681.828 749.314 812.259 876.942 959.089 313.457 343.555 367.401 388.603 421.617 29.009 32.311 35.504 38.815 41.583 41.191 52.446 57.296 62.489 46.945 202.774 223.448 247.579 274.946 306.188 95.397 103.055 109.329 117.282 127.212 2 3 4 5 6 7 8 9 10 financial SECTORS SPONSORED CREDIT AGENCIES MORTGAGE POOLS COMMERCIAL BANKS BANK AFFILIATES SAVINGS + LOAN ASSNS. FINANCE COMPANIES REITS 26.951 7.259 204 0 0 3.680 15.808 0 30.223 7.897 202 0 0 3.385 18.739 0 32.577 8.578 290 0 0 4.408 19.301 0 37.756 10.077 413 0 0 5.632 21.634 0 45.130 11.524 525 233 0 7.556 25.292 0 740.384 779.922 827.878 888.464 955.396 1028.213 1108.603 1184.571 1265.308 1373.781 19 203.141 142.665 6.076 36.352 18.048 205.735 150.228 6.104 30.615 18.788 209.806 155.148 6.294 29.481 18.883 214.795 159.068 6.764 29.097 19.866 225.234 163.158 7.273 34.052 20.751 233.068 170.180 7.729 34.425 20.734 242.235 175.764 8.356 34.384 23.731 259.736 191.816 8.759 33.525 25.636 264.574 197.826 9.045 32.242 25.461 284.722 212.908 9.596 34.951 27.267 20 21 22 23 24 11.321 25.714 12.467 26.780 13.023 28.452 14.401 30.855 15.099 32.295 15.924 35.093 16.071 37.926 14.456 42.442 16.454 47.055 16.749 51.951 25 26 11 12 13 14 15 16 17 18 19 TOTAL CREDIT MARKET ASSETS HELD BY: PRIVATE DOM. NONFIN. SECTORS HOUSEHOLDS NONFARM NONCORP. BUSINESS NONFIN. CORPORATE BUSINESS STATE ♦ LOCAL GOVERNMENTS 20 21 22 23 24 50.359 12.068 624 773 0 7.849 29.045 0 59.090 14.182 869 1.590 0 8.654 33.795 0 67.024 19.007 1.314 1.694 0 8.737 36.272 0 66.239 18.386 1.988 1.963 0 7.035 36.867 0 76.311 21.862 2.526 2.221 0 8.167 40.769 766 11 12 13 14 15 16 17 18 25 26 REST OF THE WORLD U.S. GOVERNMENT 27 28 29 30 FINANCIAL INSTITUTIONS SPONSORED CREDIT AGENCIES MORTGAGE POOLS FEDERAL RESERVE SYSTEM 500.208 9.908 204 26.728 534.940 11.092 202 27.466 576.597 12.128 290 28.947 628.413 13.744 413 30.931 682.768 15.298 525 33.787 744.128 16.007 624 37.168 812.371 18.265 869 40.996 867.937 23.333 1.314 44.509 937.225 1020.359 23.289 26.518 1.988 2.526 49.314 52.995 27 28 29 30 31 32 33 34 35 COMMERCIAL BANKING COMMERCIAL BANKS BANK AFFILIATES FOREIGN BANKING OFFICES BANKS IN U.S. POSS. 187.928 186.334 0 1.373 221 196.946 195.237 0 1.461 248 212.510 210.336 0 1.896 278 231.743 229.349 0 2.037 357 249.024 246.765 0 1.793 466 271.832 269.403 0 1.924 505 300.589 297.846 0 2.147 596 318.153 314.853 0 2.572 728 354.278 350.280 0 3.122 876 393.113 388.677 0 3.475 961 31 32 33 34 35 36 37 38 39 40 PRIVATE NONBANK FINANCE SAVINGS INSTITUTIONS SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS CREDIT UNIONS 275.440 100.245 59.456 36.974 3.815 299.234 109.840 66.827 38.513 4.500 322.722 121.810 76.277 40.603 4.930 351.582 135.872 86.612 43.690 5.570 384.134 153.387 100.024 47.050 6.313 418.497 169.597 111.083 51.317 7.197 451.652 183.971 120.702 55.028 8.241 480.628 192.298 125.263 57.681 9.354 508.356 207.309 134.362 62.728 10.219 545.207 222.873 144.127 67.028 11.718 36 37 38 39 40 41 42 43 44 45 INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT, RTR. FUND OTHER INSURANCE COS. 149.829 100.501 17.885 16.837 14.606 159.628 105.557 19.683 18.887 15.501 169.623 110.868 21.157 21.082 16.516 180.942 116.858 22.902 23.211 17.971 192.413 123.282 24.829 25.556 18.746 205.289 130.255 27.177 28.325 19.532 218.747 137.843 29.082 31.261 20.561 234.807 145.941 31.893 34.948 22.025 247.866 153.341 32.762 38.280 23.483 261.563 160.687 33.823 41.640 25.413 41 42 43 44 45 46 47 48 49 50 51 FINANCE N.E.C. FINANCE COMPANIES REITS OPEN-END INVESTMENT COS. MONEY MARKET FUNDS SECURITY BKRS. + DEALERS 25.366 22.425 0 1.710 0 1.231 29.766 25.915 0 1.961 0 1.890 31.289 26.972 0 2.276 0 2.041 34.768 29.198 0 2.608 0 2.962 38.334 33.672 0 2.744 0 1.918 43.611 37.907 0 3.034 0 2.670 48.934 42.669 0 3.820 0 2.445 53.523 44.937 0 5.355 0 3.231 53.181 45.455 0 4.843 0 2.883 60.771 50.622 830 5.791 0 3.528 46 47 48 49 50 51 TOTAL CLAIMS AND THEIR RELATION TO TOTAL FINANCIAL ASSETS TOTAL CREDIT MKT. LIABILITIES (FROM PRECEDING TABLE) OTHER LIABILITIES: 2 OFFICIAL FOREIGN EXCHANGE TREASURY CURR. ♦ SDR CTFS. 3 1 4 5 6 7 8 9 DEPOSITS AT FINANCIAL INSTS. DEMAND DEP. + CURRENCY TIME DEPOSITS AT BANKS DEP. AT SAVINGS INSTIT. SECURITY RP'S MONEY MARKET FUND SHARES 955.396 1028.213 1108.603 1184.571 1265.308 1373.781 1 740.384 779.922 827.878 888.464 1.997 2.639 1.555 2.686 1.806 2.740 1.163 2.760 1.247 2.806 1.201 2.830 1.644 3.064 1.647 3.963 2.765 4.646 4.818 5.062 2 3 314.757 153.664 67.120 94.001 -28 0 331.567 155.482 72.881 103.466 -262 0 358.474 161.387 82.272 114.801 14 0 392.399 166.601 97.832 127.903 63 0 426.856 171.564 112.187 143.079 26 0 466.438 180.306 126.631 158.961 540 0 507.899 187.485 146.617 172.048 1.749 0 532.205 191.651 159.834 179.046 1.674 0 587.769 206.645 183.748 195.717 1.659 0 636.965 221.473 204.469 208.437 2.586 0 4 5 6 7 8 9 10 11 LIFE INSURANCE RESERVES PENSION FUND RESERVES 81.956 82.410 85.184 90.818 88.631 103.655 92.398 109.294 96.635 122.849 101.051 138.606 105.876 154.774 110.570 164.299 115.424 186.403 120.045 208.106 10 11 12 13 14 15 SECURITY CREDIT TRADE DEBT PROFIT TAXES PAYABLE MISCELLANEOUS 10.510 75.313 17.204 82.806 10.864 79.779 15.979 87.945 13.113 83.319 16.387 95.739 13.761 87.534 17.888 100.812 16.414 94.705 19.056 108.898 16.830 102.282 19.766 120.104 17.954 115.380 21.955 130.423 18.729 126.109 22.115 140.587 25.752 134.834 17.195 152.452 32.334 152.901 20.216 167.933 12 13 14 15 16 17 INTERBANK CLAIMS INVESTMENT COMPANY SHARES 26.573 15.818 26.568 17.026 28.555 22.875 29.196 21.271 28.421 25.214 29.515 29.116 30.547 35.220 36.521 34.829 38.840 44.701 44.659 52.677 16 17 1452.367 1529.893 1643.172 1756.940 1898.497 2055.952 2233.339 2376.145 2576.089 2819.497 18 18 TOTAL LIABILITIES ABOVE + FINANCIAL ASSETS NOT included IN BORROWING OTHER CORPORATE EQUITIES 19 20 GOLD + SDR'S - FLOATS NOT INCL. IN ASSETS 21 DEMAND DEPOSITS-U.S. GOVT. OTHER 22 23 TRADE CREDIT - LIABILITIES NOT ALLOCATED AS ASSETS 24 TREASURY CURRENCY INTERBANK CLAIMS 25 SECURITY RP'S 26 PROFIT TAXES PAYABLE 27 MISCELLANEOUS 28 29 TOTALS ALLOCATED TO SECTORS AS ASSETS (1) EXCLUDES CORPORATE EQUITIES. MILLIONS OF DOLLARS 438.170 40.195 433.972 40.540 551.121 41.120 484.414 41.475 571.807 42.305 632.970 43.015 713.748 43.230 647.824 43.185 823.938 41.600 981.352 40.905 19 20 -166 9.007 -5.364 -347 9.409 -5.875 -338 10.561 -8.465 19 10.495 -9.008 59 10.803 -8.633 -206 11.629 -9.993 51 11.975 -10.781 -232 13.936 -14.242 -565 13.434 -16.039 -178 14.647 -18.653 21 22 23 -2.516 1.212 -28 1.882 4.491 -2.556 1.288 -265 2.010 2.947 -2.689 1.977 14 1.897 4.220 -2.651 1.302 63 2.644 2.655 -2.616 1.249 26 1.886 2.564 -2.419 654 204 2.144 4.213 -2.355 1.075 1.156 2.912 5.058 -2.198 1.901 730 4.184 7.833 -1.982 1.934 989 4.161 6.968 -1.733 2.531 1.346 5.237 7.788 24 25 26 27 28 1922.214 1997.794 2228.236 2277.310 2507.271 2725.711 2981.226 3055.244 3432.730 3830.772 29 OCTOBER 1979 TOTAL CLAIMS TOTAL CLAIMS 167 TOTAL FINANCIAL ASSETS AND LIABILITIES YEAR-END OUTSTANDINGS, 1969-78 YEAR-END OUTSTANDINGS, 1969-78 1969 1970 1971 1972 1973 1974 1975 1977 1976 1978 CREDIT MARKET DEBT CLAIMS (1) 1 1490.739 1598.970 1751.706 1941.847 2180.887 2404.691 2619.177 2903.619 3291.383 3767.811 2 3 4 5 6 7 8 9 10 1387.783 1482.895 1624.709 1791.555 1987.256 2172.554 2374.901 2636.096 2971.805 3368.477 288.967 300.818 325.716 340.791 349.057 360.848 446.253 515.756 572.519 626.200 81.128 48.923 51.631 61.342 67.680 94.342 114.909 128.511 165.516 56.165 1049.893 1130.446 1242.828 1389.422 1570.519 1730.578 1834.306 2005.431 2270.775 2576.761 456.119 481.184 526.596 591.506 671.698 722.787 772.265 863.259 1003.414 1164.846 83.851 44.617 57.210 75.060 94.804 109.360 127.575 46.922 51.390 67.046 88.478 102.641 116.298 123.698 125.778 130.310 143.264 156.580 76.766 69.845 341.428 376.382 409.471 456.666 521.776 599.824 629.466 678.897 756.213 845.672 137.884 149.192 166.893 181.399 193.701 209.209 222.946 238.161 258.524 282.088 11 12 13 14 15 16 17 18 19 102.956 30.645 3.204 2.037 4.294 12.271 49.025 1.480 116.075 38.879 4.755 2.135 2.349 14.116 51.662 2.179 126.997 40.021 9.526 2.990 1.973 14.050 54.326 4.111 150.292 43.542 14.404 4.127 2.637 15.710 61.112 8.760 193.631 59.837 18.040 4.135 4.881 21.735 70.653 14.350 232.137 77.134 23.799 4.290 8.332 26.520 76.242 15.820 244.276 80.340 34.138 4.479 8.654 24.208 76.748 15.709 267.523 83.278 49.801 5.161 7.859 24.258 83.388 13.778 319.578 88.197 70.289 5.715 9.135 34.181 100.782 11.279 399.334 111.266 88.633 5.892 15.835 48.493 119.553 9.662 1490.739 1598.970 1751.706 1941.847 2180.887 2404.691 2619.177 2903.619 3291.383 3767.811 20 21 22 23 24 328.383 251.945 10.000 33.900 32.538 331.173 252.048 10.694 35.980 32.451 331.085 248.154 9.797 43.030 30.104 352.652 259.667 10.341 44.774 37.870 398.347 298.322 11.703 45.097 43.225 445.535 340.732 12.421 48.926 43.456 491.292 371.313 13.189 60.704 46.086 531.545 394.497 14.317 68.702 54.029 576.842 430.025 15.416 63.404 67.997 646.217 486.041 16.874 60.771 82.531 25 26 16.266 55.081 26.736 57.768 53.171 59.918 61.582 62.391 62.181 65.462 73.385 73.059 79.514 88.206 94.693 97.160 134.054 109.095 171.779 129.511 27 28 29 30 1091.009 1183.293 1307.532 1465.222 1654.897 1812.712 1960.165 2180.221 2471.392 2820.304 35.107 48.960 43.912 44.991 64.460 85.241 89.738 94.403 100.704 126.959 3.204 23.799 4.755 9.526 14.404 18.040 34.138 49.801 70.289 88.633 57.218 62.199 71.065 71.336 80.563 86.713 95.250 105.084 112.228 119.178 TOTAL CREDIT MKT. LIABILITIES OWED BY: NONFINANCIAL SECTORS U.S. GOVERNMENT FOREIGN PRIVATE DOMESTIC HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUS. CORPORATE BUSINESS ST.+LOC. GOVERNMENTS 2 3 4 5 6 7 8 9 10 FINANCIAL SECTORS SPONSORED CREDIT AGENCIES MORTGAGE POOLS COMMERCIAL BANKS BANK AFFILIATES SAVINGS + LOAN ASSNS. FINANCE COMPANIES REITS 11 12 13 14 15 16 17 18 TOTAL CREDIT MARKET ASSETS HELD BY: PRIVATE DOM. NONFIN. SECTORS HOUSEHOLDS NONFARM NONCORP. BUSINESS NONFIN. CORPORATE BUSINESS STATE + LOCAL GOVERNMENTS 1 19 20 21 22 23 24 REST OF THE WORLD U.S. GOVERNMENT 25 26 FINANCIAL INSTITUTIONS SPONSORED CREDIT AGENCIES MORTGAGE POOLS FEDERAL RESERVE SYSTEM 27 28 29 30 COMMERCIAL BANKING COMMERCIAL BANKS BANK AFFILIATES FOREIGN BANKING OFFICES BANKS IN U.S. POSS. 31 32 33 34 35 PRIVATE NONBANK FINANCE SAVINGS INSTITUTIONS SAVINGS + LOAN ASSNS. MUTUAL SAVINGS BANKS CREDIT UNIONS 36 37 38 39 40 31 32 33 34 35 411.767 401.715 3.946 4.915 1. 191 447.428 435.061 2.954 8.087 1.326 497.831 485.409 2.840 7.945 1.637 568.277 552.512 2.598 11.243 1.924 652.916 630.948 4.300 15.635 2.033 719.700 689.504 4.901 22.797 2.498 749.085 717.929 4.375 23.918 2.863 36 37 38 39 40 583.713 237.420 153.849 69.785 13.786 624.999 254.825 166.192 73.477 15.156 684.119 294.293 194.256 82.834 17.203 762.245 341.616 229.099 92.446 20.071 838.918 376.669 256.239 96.772 23.658 897.259 400.335 274.554 99.401 26.380 991.954 1122.223 1291.842 1460.558 453.596 524.215 606.195 682.001 311.733 362.874 426.423 484.981 110.117 122.947 134.084 142.568 31.746 38.394 45.688 54.452 41 42 43 44 45 274.746 167.625 34.621 45.468 27.032 291.720 174.605 36.643 49.602 30.870 305.286 182.759 35.004 52.876 34.647 322.233 192.463 34.011 57.428 38.331 345.916 204.767 36.261 63.111 41.777 375.744 217.713 41.874 69.786 46.371 416.310 234.649 48.897 79.056 53.708 466.160 258.315 52.544 89.084 66.217 535.297 285.765 64.953 100.871 83.708 608.938 318.674 73.297 116.921 100.046 INSURANCE LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS ST.+LOC. GOVT, RTR. FUND OTHER INSURANCE COS. 41 42 43 44 45 46 47 48 49 50 51 71.547 59.182 2.007 6.695 0 3.663 78.454 61.347 3.904 7.208 0 5.995 84.540 66.497 6.203 7.207 0 4.633 98.396 75.860 10.396 7.190 0 4.950 116.333 87.378 15.956 7.488 0 5.511 121.180 92.384 16.145 7.168 757 4.726 122.048 93.799 13.178 7.870 1.455 5.746 131.848 102.591 9.371 8.998 2.093 8.795 150.350 122.481 7.020 10.356 1.947 8.546 169.619 141.305 5.935 10.510 5.138 6.731 FINANCE N.E.C. FINANCE COMPANIES REITS OPEN-END INVESTMENT COS. MONEY MARKET FUNDS SECURITY BKRS. + DEALERS 46 47 48 49 50 51 808.710 772.844 4.073 28.301 3.492 896.329 1024.976 854.634 964.427 4.650 3.697 52.806 33.240 3.805 4.046 TOTAL CLAIMS AND THEIR RELATION TO TOTAL FINANCIAL ASSETS 1 1490.739 1598.970 1751.706 1941.847 2180.887 2404.691 2619.177 2903.619 3291.383 3767.811 706 6.979 TOTAL CREDIT MKT. LIABILITIES (FROM PRECEDING TABLE) OTHER LIABILITIES: OFFICIAL FOREIGN EXCHANGE TREASURY CURR. + SDR CTFS. 1 2 3 5.105 5.334 2. 564 5.956 861 6.446 4 5 6 7 8 9 648.987 229.376 195.125 216.364 8.122 0 712.278 241.750 233.090 233.470 3.968 0 815.408 259.284 274.453 273.996 7.675 0 930.690 1043.277 1134.295 1242.511 1388.956 1557.171 1737.405 283.187 300.595 307.201 322.850 346.011 376.979 405.314 316.963 367.654 425.249 455.535 495.830 550.525 615.567 320.003 347.827 369.193 428.629 497.794 567.649 626.686 10.537 27.201 31.801 30.273 45.635 58.131 79.030 0 0 2.379 3.696 10.808 3.686 3.887 DEPOSITS AT FINANCIAL INSTS. DEMAND DEP. + CURRENCY TIME DEPOSITS AT BANKS DEP. AT SAVINGS INSTIT. SECURITY RP'S MONEY MARKET FUND SHARES 10 11 125.023 218.679 130.488 239.400 136.836 275.814 143.693 322.339 198.515 530.489 LIFE INSURANCE RESERVES PENSION FUND RESERVES 10 11 Security credit TRADE DEBT PROFIT TAXES PAYABLE MISCELLANEOUS 12 13 14 15 INTERBANK CLAIMS INVESTMENT COMPANY SHARES 16 17 TOTAL LIABILITIES ABOVE + FINANCIAL ASSETS NOT INCLUDED IN BORROWING OTHER CORPORATE EQUITIES GOLD + SDR'S - FLOATS NOT INCL. IN ASSETS DEMAND DEPOSITS-U.S. GOVT. OTHER TRADE CREDIT - LIABILITIES NOT ALLOCATED AS ASSETS treasury CURRENCY INTERBANK CLAIMS SECURITY RP'S PROFIT TAXES PAYABLE MISCELLANEOUS 18 24 25 26 27 28 TOTALS ALLOCATED TO SECTORS AS ASSETS 29 560 7.401 151.282 310.588 1.857 7.733 157.961 302.539 2.292 8.670 166.622 365.732 4.754 9.859 175.018 427.934 4.969 10.159 186.499 465.492 5.421 10.683 12 13 14 15 25.676 175.410 17.096 185.067 24.877 185.191 13.951 202.756 28.722 196.741 15.788 221.303 37.444 221.178 15.703 249.117 29.499 263.904 18.239 284.923 24.730 210.931 19.410 312.799 28.466 223.352 16.749 344.135 41.146 246.808 24.725 384.902 47.200 273.762 24.097 427.179 47.557 325.780 29.291 495.384 16 17 52.282 48.289 49.305 47.618 47.564 56.694 44.469 59.831 44.111 46.519 44.172 34.061 35.241 42.178 26.039 46.991 22.617 42.773 38.142 42.565 18 2997.687 3213.354 3553.883 3973.996 4381.190 4655.179 5095.125 5680.751 6353.301 7229.043 19 20 866.353 41.015 859.373 1003.741 1138.137 44.689 48.069 55.870 901.426 61.088 641.711 61.028 849.485 1059.653 60.978 60.538 996.610 1043.538 60.488 60.488 21 22 23 -706 17.439 -20.857 -656 19.343 -21.089 -838 21.371 -21.871 -266 24.878 -25.866 75 24.242 -22.144 -155 24.852 -55.296 -273 27.220 -52.757 -1.265 27.523 -53.912 193 28.698 -59.937 -141 28.369 -70.195 24 25 26 27 28 -1.514 2.410 4.282 4.800 12.352 -1.593 3.056 2.326 4.021 13.336 -1.581 2.007 5.078 3.780 13.251 -1.734 -2.568 5.430 3.669 16.910 -1.715 -2.091 6.797 4.154 12.443 -1.920 527 10.709 4.009 14.517 -1.942 -983 13.383 3.843 17.460 -2.151 -2.019 22.981 4.092 12.835 -2.422 -9.583 30.237 3.134 17.066 -2.463 -8.995 39.670 3.172 19.232 29 3886.852 4098.675 4584.499 5147.553 5321.943 5360.675 5999.637 6792.858 7403.013 8324.420 (II EXCLUDES CORPORATE EQUITIES. MILLIONS OF DOLLARS 2 3 4 5 6 7 8 9 19 20 21 22 23 OCTOBER 1979 ASSETS ANO LIABILITIES OF INDIVIDUALS 168 ASSETS AND LIABILITIES OF INDIVIDUALS YEAR-END ASSETS AND LIABILITIES OF INDIVIDUALS IN THE U.S. (1, YEAR-END OUTSTANDINGS, 1949-58 YEAR-END OUTSTANDINGS, 1949-58 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1 TOTAL FINANCIAL ASSETS 2 DEMAND DEPOSITS * CURRENCY 3 SAVINGS ACCOUNTS 4 MONEY MARKET FUND SHARES 433.193 71.053 64.498 0 470.355 73.683 66.891 0 510.203 78.276 71.629 0 545.885 79.878 79.433 0 559.686 80.849 87.578 0 653.695 83.025 96.727 0 734.282 84.215 105.357 0 781.300 86.000 114.741 0 770.026 85.556 126.663 0 908.771 89.333 140.516 0 1 2 3 4 5 6 7 8 9 SECURITIES U.S. SAVINGS BONDS OTHER U.S. TREASURY SEC. U.S. GOVT. AGENCY SEC. STATE ♦ LOCAL OBLIGATIONS 194.034 49.300 19.388 159 8.643 217.382 49.552 18.538 154 9.191 239.702 49.081 17.959 311 9.529 256.355 49.173 18.404 258 11.543 251.118 49.371 19.028 95 13.373 323.792 49.966 16.874 101 15.895 381.664 50.229 18.472 612 19.347 405.528 50.135 19.839 1.096 21.499 371.197 48.226 21.700 1.781 23.190 475.732 47.703 19.494 1.220 24.003 5 6 7 8 9 10 11 12 13 CORPORATE ♦ FOREIGN BONDS OPEN MARKET PAPER INVESTMENT COMPANY SHARES OTHER CORPORATE EQUITIES 6.897 202 3.070 106.375 6.000 284 3.344 130.319 6.114 415 3.481 152.812 6.087 461 3.931 166.498 5.989 848 4.146 158.268 5.064 873 6.109 228.910 5.594 1.117 7.838 278.455 6.707 1.165 9.046 296.041 7.639 1.279 8.714 258.668 8.859 1.142 13.241 360.070 10 11 12 13 46.444 4.825 5.362 15.800 31.177 49.080 5.600 7.056 17.567 33.096 51.635 6.575 8.177 19.210 34.999 54.480 7.700 9.842 21.238 36.959 57.388 8.825 11.747 23.166 39.015 60.389 10.000 13.841 24.773 41.148 63.459 11.325 18.342 26.6 74 43.246 66.626 12.500 21.108 29.080 45.717 69.277 14.100 23.437 31.326 48.470 72.294 15.600 29.229 34.128 51.939 14 15 16 17 18 83.785 35.284 13.455 20.852 1.819 2.381 9.994 100.331 41.998 15.560 25.641 2.519 2.571 12.042 112.180 48.622 17.308 27.268 2.393 2.765 13.824 126.465 54.834 19.046 32.551 2.569 2.902 14.563 140.192 62.458 20.386 36.736 3.032 3.122 14.458 155.811 71.144 22.203 38.192 4.131 3.357 16.784 181.480 83.305 24.274 45.348 4.816 3.550 20.187 199.794 94.538 25.999 49.268 4.773 3.804 21.412 215.415 103.419 27.584 52.191 4.365 4.189 23.667 231.377 112.882 30.208 52.702 5.522 4.548 25.515 19 20 21 22 23 24 25 14 15 16 17 18 PRIVATE LIFE INSURANCE RES. PRIVATE INSURED PEN. RES. PRIVATE NONINSURED PEN. RES. GOVT. INSURANCE + PEN. RES. MISCELLANEOUS FINAN. ASSETS 19 TOTAL LIABILITIES MTG. DEBT ON NONFARM HOMES 20 OTHER MORTGAGE DEBT (2) 21 CONSUMER CREDIT 22 SECURITY CREDIT 23 24 POLICY LOANS OTHER DEBT (2) 25 (1) COMBINED STATEMENT FOR HOUSEHOLDS, FARM BUSINESS, AND NONFARM NONCORPORATE BUSINESS. (2) INCLUDES CORPORATE FARMS. MILLIONS OF DOLLARS OCTOBER 1979 ASSETS AND LIABILITIES OF INDIVIDUALS ASSETS AND LIABILITIES OF INDIVIDUALS YEAR-END ASSETS AND LIABILITIES OF INDIVIDUALS IN THE U.S. YEAR-END OUTSTANDINGS, 1959-68 1960 1959 1961 169 (1) YEAR-END OUTSTANDINGS, 1962 1963 1964 1965 1966 1967 1959-68 1968 1 2 3 4 976.045 1002.603 1147.214 1123.909 1254.229 1366.048 1502.110 1496.174 1724.292 1951.639 90.407 91.394 90.141 89.602 93.920 106.957 109.327 99.422 119.278 130.366 234.779 152.052 182.391 164.102 208.528 288.692 307.716 342.881 260.862 373.887 0 0 0 0 0 0 0 0 0 0 5 6 7 8 9 513.997 45.907 25.437 2. 948 28.187 512.260 45.642 25.902 2.494 30.802 619.290 46.445 25.282 2.734 32.008 557.736 46.968 26.589 3.167 31.496 636.801 48.149 25.765 3.522 31.986 693.136 49.060 26.112 4.751 34.627 769.173 49.695 26.317 5.989 36.412 723.212 50.249 28.596 10.790 40.443 872.545 1023.615 51.219 51.866 28.789 33.027 11.274 12.668 38.118 37.577 SECURITIES U.S. SAVINGS BONDS OTHER U.S. TREASURY SEC. U.S. GOVT. AGENCY SEC. STATE + LOCAL OBLIGATIONS 5 6 7 8 9 10 11 12 13 9.301 226 15.818 386. 173 9.996 1.966 17.026 378.432 9.855 2.162 22.875 477.929 9.374 2.708 21.271 416.163 9.544 3.942 25.214 488.679 9.041 4.842 29.116 535.587 9.523 5.642 35.220 600.375 10.855 6.667 34.829 540.783 14.719 7.593 44.701 676.132 18.998 10.104 52.677 806.698 CORPORATE + FOREIGN BONDS OPEN MARKET PAPER INVESTMENT COMPANY SHARES OTHER CORPORATE EQUITIES 10 11 12 13 14 15 16 17 18 75.606 17.575 34.113 37.072 55.223 78.758 18.850 38.148 40.246 58.845 82.112 20.250 46.140 43.784 63.106 85.754 21.625 47.152 47.161 66.351 89.860 23.300 55.020 51.304 69.245 94.172 25.250 64.311 55.924 72.971 98.863 27.325 73.647 60.815 76.638 103.450 29.425 75.781 66.213 81.050 108.224 32.050 89.417 72.136 87.761 112.859 34.975 101.456 78.861 95.620 19 20 21 22 23 24 25 259.615 125.719 33.220 60.741 5.536 5.018 29.381 280.455 137.410 35.682 65.104 5.398 5.671 31.190 301.673 149.605 39.599 67.635 6.736 6.230 31.868 329.268 163.753 44.027 73.917 6.610 6.774 34.187 365.044 180.002 49.434 82.805 8.567 7.234 37.002 402.080 197.477 55.996 92.591 8.362 7.758 39.896 442.319 214.489 62.532 103.207 9.098 8.338 44.655 473.723 228.635 68.026 109.749 9.025 9.827 48.461 506.756 241.038 74.664 115.430 12.709 10.819 52.096 550.846 257.988 80.960 126.949 15.627 12.109 57.213 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY SAVINGS ACCOUNTS MONEY MARKET FUND SHARES PRIVATE LIFE INSURANCE RES. PRIVATE INSURED PEN. RES. PRIVATE NONINSURED PEN. RES. GOVT. INSURANCE + PEN. RES. MISCELLANEOUS FINAN. ASSETS TOTAL LIABILITIES MTG. DEBT ON NONFARM HOMES OTHER MORTGAGE DEBT (2) CONSUMER CREDIT SECURITY CREDIT POLICY LOANS OTHER DEBT <2> (1) COMBINED STATEMENT FOR HOUSEHOLDS, FARM BUSINESS, AND NONFARM NONCORPORATE BUSINESS. (2) MILLIONS OF DOLLARS INCLUDES CORPORATE FARMS. 1 2 3 4 14 15 16 17 18 19 20 21 22 23 24 25 OCTOBER 1979 ASSETS AND LIABILITIES OF INDIVIDUALS ASSETS AND LIABILITIES OF INDIVIDUALS YEAR-END ASSETS AND LIABILITIES OF INDIVIDUALS IN THE U.S. 170 YEAR-END OUTSTANDINGS, (1) YEAR-END OUTSTANDINGS, 1969-78 1969 1 TOTAL FINANCIAL ASSETS DEMAND DEPOSITS + CURRENCY 2 3 SAVINGS ACCOUNTS MONEY MARKET FUND SHARES 4 1970 1971 1972 1973 1974 1975 1976 1977 1969-78 1978 1902.251 1967.241 2193.973 2430.844 2347.424 2249.854 2603.818 3001.436 3180.486 3490.819 182.451 127.884 136.784 148.943 161.574 175.668 241.770 186.455 201.402 223.335 772.553 991.077 1096.259 426.747 494.517 632.605 688.509 881.850 383.102 568.822 0 0 0 2.379 3.696 10.808 0 0 3.686 3.887 1 2 3 4 5 6 7 8 9 SECURITIES U.S. SAVINGS BONDS OTHER U.S. TREASURY SEC. U.S. GOVT. AGENCY SEC. STATE + LOCAL OBLIGATIONS 947.509 51.770 44.091 17.677 46.871 928.578 1028.100 1113.292 54.416 52.089 57.667 32.782 22.078 21.907 20.518 17.037 22.315 46.116 46.019 48.373 947.084 60.354 36.391 18.647 53.658 777.360 63.338 50.275 22.420 61.860 959.112 1141.882 1115.250 1188.326 80.691 67.363 76.762 72.018 72.684 66.020 86.029 67.568 19.428 37.116 23.218 27.709 68.061 75.014 70.595 73.202 10 11 12 13 CORPORATE + FOREIGN BONDS OPEN MARKET PAPER INVESTMENT COMPANY SHARES OTHER CORPORATE EQUITIES 24.799 15.447 48.289 698.565 34.265 11.682 47.618 681.808 43.052 7.860 56.694 777.366 48.023 6.201 59.831 854.253 50.051 15.328 46.519 666.136 55.164 19.519 34.061 470.723 63.514 15.073 42.178 617.475 69.305 11.944 46.991 780.243 66.339 21.564 42.773 734.217 64.825 36.143 42.565 765.943 10 11 12 13 117.771 37.900 102.385 85.646 100.054 123.130 41.175 110.394 95.189 105.244 129.407 46.350 130.121 106.772 109.763 136.112 52.300 156.089 121.531 121.124 143.526 56.085 134.349 127.910 130.197 150.090 60.810 115.508 134.092 138.655 158.613 72.210 146.824 154.707 149.648 166.823 88.990 171.897 175.242 169.664 178.083 101.520 178.541 193.847 194.946 189.777 119.110 198.628 221.489 224.652 14 15 16 17 18 593.490 276.531 87.664 137.742 12.225 14.713 64.615 627.717 290.666 96.118 143.113 10.445 17.021 70.354 691.057 317.064 109.406 157.795 13.109 18.034 75.649 782.198 358.587 126.168 177.639 17.537 18.984 83.283 883.028 405.696 142.087 203.661 13.193 21.205 97.186 950.868 1015.227 1131.940 1305.762 1503.287 479.007 440.925 540.558 633.978 738.212 191.794 154.790 162.342 173.047 212.926 213.591 223.265 248.841 289.398 339.977 11.387 17.201 20.308 21.663 12.113 23.904 28.616 31.212 25.522 26.890 106.271 141.668 112.978 125.403 159.297 19 20 21 22 23 24 25 14 15 16 17 18 PRIVATE LIFE INSURANCE RES. PRIVATE INSURED PEN. RES. PRIVATE NONINSURED PEN. RES. GOVT. INSURANCE + PEN. RES. MISCELLANEOUS FINAN. ASSETS 19 TOTAL LIABILITIES 20 MTG. DEBT ON NONFARM HOMES OTHER MORTGAGE DEBT (2) 21 CONSUMER CREDIT 22 SECURITY CREDIT 23 POLICY LOANS 24 OTHER DEBT (2) 25 (1) COMBINED STATEMENT FOR HOUSEHOLDS, FARM BUSINESS, AND NONFARM NONCORPORATE BUSINESS. (2) INCLUDES CORPORATE FARMS. 5 6 7 8 9 Personal Trusts and Estates Managed by Insured Commercial Banks 171 Year-end Outstanding Year-end Outstandings________________________________________________________________________________________________________________________ 1969 1968 1 2 138.347 132.761 TOTAL ASSETS DEPOSITS + CR. MKT. INSTR. TOTAL DEPOSITS 3 1970 1971 1972 135.411 159.678 183.104 170.640 142.615 164.862 192.750 189.575 35.918 34.145 36.926 42.000 45.532 49.632 51.916 57.124 66.168 71.381 3.858 3.478 3.808 4.858 5.710 5.917 6.235 5.938 7.022 7.665 1.748 1.681 1.694 1.843 1.898 1.795 1.594 1.614 1.563 4 DEMAND DEPOSITS 1.560 5 TIME + SAVINGS ACCOUNTS 2.298 1.730 2.127 3.164 3.867 4.019 4.440 4.344 5.408 6.102 6 CREDIT MARKET INSTRUMENTS 32.060 30.667 33.118 37.142 39.822 43.715 45.681 51.186 59.146 63.716 7.909 8.860 9.566 8.803 8.628 10.012 11.623 14.094 15.753 17.021 13.375 10.953 11.879 14.033 15.208 16.184 15.046 16.494 19.986 22.108 OTHER SECURITIES 8.653 8.662 9.354 11.884 13.527 14.938 16.069 17.752 20.443 21.618 MORTGAGES 2.123 2.192 2.319 2.422 2.459 2.581 2.943 2.846 2.964 2.969 93.206 88.438 87.199 104.899 123.835 107.200 76.120 2.675 2.900 3.018 3.543 3.748 2.727 2.012 2.923 2.656 2.234 7 U.S.GOVT. SECURITIES 8 STATE+LOCAL GOVT. SEC. 9 10 11 CORPORATE EQUITIES—COMMON —PREFERRED 12 91.350 109.611 100.284 13 REAL ESTATE 4.954 5.473 6.210 6.814 7.450 8.151 9.158 10.141 10.820 11.883 14 ALL OTHER ASSETS 1.594 1.805 2.058 2.422 2.539 2.930 3.409 3.324 3.495 3.793 Source: Trust Assets of Insured Commercial Banks, annual issues, 1968- 77, published by Federal Deposit Insurance Corporation. 1973 1974 1975 1976
@FedFRASER