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Flow of Funds Accounts
1970-1987
Annual Total Flows
and
Year-End Assets and Liabilities
December 1988
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Federal Reserve Bank of St. Louis
Board of Governors of the Federal Reserve System
� ()t GOVERNORS
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SEARCH
LIBRARY
1e-L)
Flow of Funds Accounts
1970-1987
Annual Total Flows
and
Year-End Assets and Liabilities
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Federal Reserve Bank of St. Louis
December 1988
Board of Governors of the Federal Reserve System
��
'tRAL RESERVE <_;'{S
'·
TABLE OF CONTENTS
Page
Flows
1
2
Out
stand
ings
69
70
Matrix Tables
All Sectors--Annual Totals for the Year 1987
Private Nonbank Finance--Annual Totals for
the Year 1987
Summary Tables
3
5
71
7
73
Income and Product Distribution
Funds Raised in Credit Markets
Nonfinancial Sectors
Financial Sectors
All Sectors
External Corporate Equity Funds
Raised in U.S. Markets
Credit Market Supply of Funds
Direct and Indirect Sources of Funds
to Credit Markets
Corporate Equities Not Included Above
Sector Tables
9
75
11
77
13
15
79
81
17
83
19
21-25
85
87-91
27
93
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Federal Reserve Bank of St. Louis
Households
Households, Personal Trusts, and Nonprofit
Organizations
Total and Noncorporate Business
Nonfinancial Business--Total
Farm Business
Nonfarm Noncorporate Business
Nonfinancial Corporate Business
State and Local Governments
State and Local Governments--General Funds
U.S. Government and Credit Agencies
U.S. Government
Federally Sponsored Credit Agencies and
Mortgage Pools
Foreign Sector
Banking System
Monetary Authority
Commercial Banking
U.S.-Chartered Commercial Banks
Foreign Banking Offices in U.S.
Domestic Affiliates of Commercial Banks (BBC's)
Banks in U.S. Possessions
Nonbank Finance Summary
Private Nonbank Financial Institutions--Total
Savings Institutions Combined
-ii-
Page
Flows
Out
stand
ings
29
95
31
97
33-35
99-101
Savings Institutions
Savings and Loan Associations
Mutual Savings Banks
Credit Unions
Insurance and Pension Funds
Life Insurance Companies
Private Pensions Funds
State and Local Government Employee
Retirement Funds
Other Insurance Companies
Finance N.E.C.
Finance Companies
Open-End Investment Companies (Mutual Funds)
Money Market Mutual Funds
Real Estate Investment Trusts
Security Brokers and Dealers
CMO Issuers
Transactions Tables
37
103
39
105
41-43
107-109
45
111
47
113
49-51
115-117
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Federal Reserve Bank of St. Louis
Monetary and Insurance Reserves
Gold and Official Foreign Exchange Holdings
Treasury Currency and SOR Certificates
Insurance and Pension Fund Reserves
Interbank Claims
Net Interbank Claims
Deposit Claims
Checkable Deposits and Currency
Small Time and Savings Deposits
Large Time Deposits
Money Market Mutual Fund Shares
Federal Funds and Security Repurchase Agreements
U.S. Deposits in Foreign Countries
U.S. Government Securities
Total Net Issues, by Sector and Type
Total Net Purchases, by Sector and Type
Private Securities
Tax-Exempt Debt Securities and Loans
Corporate and Foreign Bonds
Mutual Funds and Corporate Equities
Mortgages - I and II
Total Mortgages
Horne Mortgages
Multi-Family Residential Mortgages
Commercial Mortgages
Farm Mortgages
-iiiPage
Flows
Outstandings
53
119
55
121
57
123
59
61
63
125
127
129
65
67
131
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Federal Reserve Bank of St. Louis
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
Taxes Payable
Proprietors' Equity in Noncorporate Business
Miscellaneous - I
Miscellaneous - II
Total Claims
Total Net Borrowing and Lending in Credit Markets
Total Liabilities and Their Relations to Total
Financial Assets
Saving By Individuals
Discrepancies
Sector Discrepancies
Transaction Discrepancies
-ivFlow of Funds Accounts, 1970-87
This is a statistical publication that presents an 18 year
interval of the complete flow of funds accounts in annual form, giving year
total financial flows and year-end outstanding amounts of assets and
liabilities. It complements the regular quarterly data published by the
Flow of Funds Section (Z.1 statistical release) as an historical volume and
summarizes the full quarterly history for 1970-87 that is available as a
A companion volume,
whole only on computer tape or in diskette form.
containing historical estimates for the years 1946-1969, was published in
December 1986. Together, these two volumes entirely supersede the 1979
publication, Flow of Funds Accounts, 1949-1978. The theoretical framework
and analytic structure of the accounts are defined and discussed in a
separate publication, Introduction to Flow of Funds, that is available for
purchase as described below. In the full set of data that are on computer
tapes, the earliest annual data are for 1946 in flows and 1945 for
outstandings, and only annual figures are available through 1951. Quarterly
estimates for financial flows begin with 1952.Ql and extend through the most
recent quarter published in the Z.1 release.
Organization. The organization of this volume is detailed in
the table of contents. On pages 1-2 are matrix representations of the flow
structure of the accounts for one period, the year 1987. Introduction to
Flow of Funds 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 1987 the transactions of an economic sector such as households,
showing net acquisitions of physical and financial assets under "U" (uses)
and saving and net borrowing under "S" (sources). Following the matrix are
several summary tables. On page 3, nonfinancial transactions in the system
-saving and physical investment--are summarized in their relation to the
national income and product accounts published by the Department of
Commerce. Also included are two tables giving broad overviews of funds
demanded and supplied in credit markets. In the next section there are
detailed tables for each of the sectors in the matrix, giving time-series
forms of the transactions carried out by each economic sector and subsector.
These 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 funds and who borrowed funds in each type of claim.
The flow tables in this set are followed in the same sequence by
tables on outstanding financial assets and liabilities. These are likewise
preceded (on pp. 67-68) by a matrix structure of outstandings that parallels
the flow structure in financial claims.
Statistical basis. The data in this volume incorporate
revisions to the national income and product accounts as published by the
Commerce Department in July 1988, and financial claims as published in the
quarterly flow of funds accounts for 1988.Q3. The form and content of the
tables cumulate all changes in financial account structure and estimates
that have been introduced during annual revision operations since the
appearance of the 1979 and 1986 volumes mentioned above. The annual
revision process is an occasion each year for incorporating new information
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Federal Reserve Bank of St. Louis
-v-
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 presentation of flow of funds accounts 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 the Z.1 quarterly flow publications for the
second quarter of each year and are described in the prefaces to those
publications.
Data availability. A complete set of flow of funds data
consists of these tables for 1970-1987, the companion historical volume for
1946-69 published in December 1986, and the most recent quarterly
publications. Quarterly financial flow data are published four times a year
in Flow of Funds Accounts (Z.1 release). The year-end outstandings
counterparts of these flows are published annually, in the autumn, in Flow
of Funds Accounts: Financial Assets and Liabilities, which constitutes part
of the same release as the quarterly flow accounts. All subscribers to the
Z.1 release, therefore, receive both the quarterly flow and annual
outstandings publications. Subscriptions to the Flow of Funds Accounts, as
well as orders for the historical data volumes and the Introduction to Flow
of Funds Accounts, should be addressed to Publication Services, Stop 138, at
the Federal Reserve Board street address given below.
Quarterly or annual data for specific sectors of the accounts,
in reasonable scope, are available in printed form from the Flow of Funds
Section on request. Computer tapes and diskettes for the entire data base
in the accounts also are available and may be obtained from the National
Technical Information Service, 5285 Port Royal Road, Springfield, Virginia
22161. Telephone: (703)487-4808. Prices for tapes and diskettes are
determined by NTIS.
Requests and inquires about the data and historical tabulations
should be addressed to:
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Flow of Funds Section
Room B-5100, Stop 95
Board of Governors of the
Federal Reserve System
20th and Constitution Ave.
Washington, D. C. 20551
(202)452-3482
All Sectors-Annual Flows for the Year 1987
Billions of dollars
Private domestic nonfinancial sectors
S ector
Households
u
Transaction category
Business'
u
I. Grou saving .... ................
2. Capiial consumpcion ..............
3. Net saving (I - 2) ............•...
s
708.1
390.1
3 1 8.0 ...
Siate
and local
governments
u
743.6
64 5.6
4 2 1.9
2 0 5.4
1 8.3
415.4 ...
447.2
II. Nd finandal investment ...
12. Financial uses ...
13. Financial !OUnes
98.1
348.4
-31.8
111.5
250.3
143.3
-1.9
3U
1157.1
1092.7
4 2 1.9
2 26.4
4 0 2.3
3 9.2
2.9
151.3
6U
494.3
151.3
116.7
36.4 ...
Checkable deposits and currency ............
U.S. government.
Foreign ... ...... ... ....... ........
Private domestic ..
Small time and savings deposits ..........
Money market fund shares ...
Large time deposits .................•.
5.7
9.7
7 1.7
2 8.9
17.5
5.7
430.0
2 5. Life insurance reserves ............
26. Pension fund reserves .
2 7. Interbank claims .
7 9.8
-99.6
3 0. Credit market instruments
31. U.S. Treasury securities ... ..............
3 2. Federal agency securities ...
3 3. Tax-exempc securities.. .. ....... .... ....
3 4. Corporate and foreign bonds ...
3 5. Mongages ..................
36. Consumer credit .....
37. Banlc loans n.e.c. ....... ................
38. Open-market paper .
...............
39. Other loans .
1 3 1.7
5 7.6
3 0.3
4 3.0
5.1
-I 0.4
.
40. Security credit
41. Trade credit ........
6.1
-6.8
42. Taxes payable ............................
43. Equity in noncorporate business .............
44. Miscellaneous ............................
-9 7.8
1 7.0
45. Sector discrepancies (1-4) ..................
-35.5
261.5
-1.0
2 2 3.1
4 0.7
-4.3
2.9
7 4.7
-99.6
-· 76.5
1 4.8
2 0.4
24 0.8
4.3 ...
1.9
9.3
-.I
.5
2.6
-.9
99.9
3.3
8 8.5
8.7
3.0
1 3.1 ....
1.7
2.3
3 7.9
...
-15.3
2.9
5 2.4
2 2.2
1.2
2 7.8
3.0
-96.3
50.2
3 7.5
This observation rounds to 0
I. Includes farms and unincorporaled businesses which arc noc shown separately.
34.4
36.4
-1.9
1.9
1.5
.I
166.8
6 3.7
3 9.5
46.1
5.1
1.6
3.0
7.9
-6.8
5 2.4
-1 7 8.0
-186 .6
-2.9
u
.7
-1.8
.7
-1.8 ..
.4
Private
nonbanlc
finance
Commercial
banlcing
u
-21.5
2 1.3
-4 2.7
24.7
4 5.0
-20.2
-183.7
35.3
-9.7
-23.4
-5.4
160.3
.5
-8.1
-8.1
-1.8
-3.2
.I
-4.2
2 3.0
-3.4
.3
2 0.0
1 5.5
-2.4
5 36.8
6 2.5
40.7
4.3
2 0.3
6.8 ...
-5.3
8.8
2.3
3 8.9 . .
-1 5.3
2 7.0
1.2
.3
-3.6
2.1
-1.0
0
.I
0
1.0
1.5
-97.8
44.7
3.0
-96.3 ..
5 1.4
6 3.2
2.1
9.3
-5.3
-2.4
2 5.1
-76.5
-1 1.5
All
sectors
u
15.5
I I.I
4.5
-2.6
10.2
16.9
.5
17.6
-1.5
-1.0
-1 3.1
-.2
5 3.3
-.3
-1.S
98.3
8.6
-46.2
1.9 ...
16 1.7
159.8
-2.2
1 86.6
6 7.1
.3
-3.3
2 8.8
2 3.7
1 8 5.8
186.6
-.8
-19.8
-5.8
- 1.3
-1 2.6
2 7.4
4 2.1
1 0.9
-7.1
24.7
24.9
-.3
1 51.4
26.5
.3
-14.7
1.8
180.6
2.9
-.I
.3
...... .......
7 2.3
1 9.9 ...
-21.6
3.6
-9.4
12.6
16.7
-2.3
-.I
1 9.0
2 5.7
150.4
3 3.6
-6.2
1.2
-1.8
10.7
-I.I
3.9
-8.1
-1 .4
1 3.4
-I.I ...
76.2 ...
24.0
5 1.5 .....
303.1
5.1
183.8
-20.7
465.7
0
0
-7.I
-.I
1.6
1 0.0
2.1
7.9
-5.3
1146 .6
1134.8
421.9
2 26.9
446.8 ..
W.2
11.8 ....
1479.8
486.3 ....
1468.0
.3
-2.1
2.2
3.0
3 7.5
-13.2
I.
2.
3.
-3.8
8.0
98 3.4
1134.8
4 2 1.9
226.9
4 46.8
3 9.2
4.
5.
6.
7.
8.
9.
1 0.
-11.8
-11.8
-151.3
35.3
186.7
II.
12.
-9.7
.6
-9.7
.5
3.5
-8.1
-1.4
13.0
76.2
24.0
5 1.5
3.9
-8.I
-1.4
13.4
76.2
2 4.0
5 1 .5
.4
13
1 4.
1 5.
-.I
-2.4
.I
-4.2
2 3.0
7.0
4 8.9
2 4.0
9.4
4.4
-.6
-1 2.4
6.6
-3.4
-1.5
-8.1
2 5.7
15 0.4
26.0
1 7 0.4
3 8.8
26.0
170.4
3 3.6
-5.1
-2.4
2 5.2
72.3
1 8.3
7 2.3
-59.0
71.3
-59.0
18.
4 2 8.5
17.3
114.9
1 7.5
1 24.4
7 8.2
1 9.4
1 0 7.3
9 8 8.0
142.3
1 8 8.1
3 4.5
1 7 3.8
3 1 1.9
40.7
1.9
3 3.2
6 1.6
9 8 8.0
1 41.3
1 8 8.I
3 4.5
173.8
3 11.9
40.7
1.9
3 3.1
6 1.6
.10.
.11.
- .2
-28.4
55.1
-28.4
3�.9
... .....
-.4
-1.5
5 0.5
-97.8
162.4
1.6
�.7
-'17.8
1 85.7
1.U
2 3.2
3 3.6
-16.3
3.6
46.8
982.2
7 8 5.3
196.9
7.0
.I
6.7
1142.8
7 8 5.3
3 5 7.5
-2.4
4 0.7
1 36.3
-2.3
2 9.1
-29.1
24.0
86.0
1 8.3
1.9
2.0
6.5
National
saving
and
investment
I.:
-13.4
1 0.2
-23.7
28.8
26.9
Discrepancy
u
-3.8
.6
7 7 0.2
4 2.8
143.7
-1 1.6
14 8.4
3 1 5.5
3 7.7
1.9
2 5.1
66.6
143.8
1 4 2.3
1.5
1.2
4 5.4
.4
184.1
142.4 ...
-3.8
.6
. -1 2.5
-.6
44.1
34.5
99.9
3 1 1.6
4 0.7
822.2 ..
-3.2
.9
1.2
26.0
1 7 0.4
-5.0
-178.0
.2
16.9
-2.8
26.0
1 7 0.4
2 8. Mutual fund shares..
2 9. Other corporate equities .....
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Federal Reserve Bank of St. Louis
1 1.0
160.6
160.6
-1.4
16.2
7 5.9
2 8.2
17.6
-3.5
5.8 ....
-2.8
u
u
u
-1.4 ...
16.2
.8
4.2
-.7
13.6
2 3. Federal funds and security RPs ..
�4. Foreign deposits .
.
.8
Tocal
Monetary
authority
-2.9
-.5
9.7
S ponsored
agencies and
mtg. pools
.5
44.5
14. Gold and official foreign exchange
1 5. Treasury currency and SDR cenificates ......
16.
1 7.
18.
1 9.
2 0.
21.
2 2.
U.S.
government
s
1159. 2
764.0
3 9 5.2
-I.I
2 1.0
3 84.0
3 9.2
2.9
u
s
-1.8
-1.9 ....
Foreign
sector
Total
u
452.9
3 7 3.9
7 9.0
4. Gross lnvelltment ( 5 + II) ........
5. Private capital expenditures.................
6. Consumer durables ......................
7. Residential construction .................
Plant and equipment ......... ............
8.
9. Inventory change..
1 0. Mineral rights ..........................
Financial sectors
6.8
-10.9
6 5.0
.3
-3.3
2 0.9
24.4
-13.1
-3.8
-3.4
.4
16.
17.
18.
1 9.
�O
� I.
--·
���4.
�5.
�6.
�7.
19.
��-
_1_1,
.14.
.15.
.16.
.l7.
.18.
.19.
40.
4 1.
..c.
-.l.8
4 .l.
�-U
4�.
Private Nonbank Finance-Annual Flows for the Year 1987
Billions of dollars
Sector
Total
u
Transaction category
I. Total financial uses
2. Total sources ................
486.3
.l . Checkable deposits and currency ..
Small time aild savings deposils .
-2.4
.I
➔.
'....4_2
6. Large time deposits
23.0
7. Federal funds and security RPs
8. Foreign deposits ...
4.4
-.6
9. Life insurance reserves . .
10. Pension fund reserves .
7.0
48.9
24.0
97.6
-,;2.2
Mutual
savings
banks
94.5
- ,j
·48.6
9.4
-8.5
-6.2
-12.4
-I.I
26.'3
u
24.0
-.6
21.1
5.i
13. Credit market instruments
14.
U.S. Treasury securities ....
15. Federal agency securities .
16.
Tax-exempt securities . .
17. Corporate and foreign bonds . .
18. Mortgages ..
19. Consumer credit
20. Bank loans n.e.c . ... .
21. Open-market paper . .. .
··············
22. Other loans
13. Security credit
24. Trade credit . .
25. Taxes payable .
26. Equity in noncorporate business .
27. Miscellaneous ...
-2.4
25.2
72.3
18.3
428.5
I07.3
124.4
78.2
65.0
.3
23.2
33.6
-3.3
20.9
24.4
-16.3
3.6
-13.1
-.2
17.3
114.9
17.5
19.4
IS.7
1.6
11.3
15.3
.4
.4
10.4
.-1.7
25.7
150.4
········
16.0
99.2
32.4
5.6
-2.6
-.2
25.6
4.0
-1.7
7.6
24.4
.6
-1.5
50.5
u
u
u
u
u
25.1 ....
25.1
54.7
-.9
1.6
-1.4'
15.0'
54.7
46.4
44.1
- .I
.3
41.3
50.7
u
2.2
4.1
u
53.2
72.3
.5
.7
5.0
..
25.I
24.0
.7
.7
-.6
2.4
91.5
-2.0
7.0
-1.0
53.6
5.6
5.2
26.3
17.9
6.7
29.1
1.9
-.2
39.4
3.3
3.7
23.8
8.0
.6
11.3
40.6
-2.1
8.5
14.9
.3
39.1
39.1
I.
2.
3.
4.
5.
24.0
6.
7
8.
-49.1
34.2
30.6
21.5
2.6
26.9
1.0
1.5
25.8
9.9
1.0
.3
.3
-11.5
20.5
.6
.3
5.4
7.3
3.2
72.3
-7.I
1.8
-13.7
11.9
-2.3
-30.9
-16.8
6.0
-1.4
- 16.3
32.8
20.0
1.2
1.4
- 1.1
II.
4.4
39. I
39. I
-8.4
-4.4
.I
-15.0
-55.8
9.
10.
1.5
7.9
u
-1.4
-.3
3.6
:-9.8
-56.9
7.1
- .6
.2
12.4
24.0
CMO
issuers
54.7
26.4
2.4
-.4
u
14.4
-1.0
-27.8
-1.2
Security
brokers and
dealers
Money
market
funds
Mutual
funds
1.7
-1.4
5.0
-.4
6.8
96.8
66.9
18.5
9.5
19.7
.3
Real estate
investment
trusts
25.7
70.6
17.8
3.3
.8
6.,0
-.2
Finance
companies
2.0
.2
36.0
Other
insurance
companies
-2.8
......
97.0
�-1
35.2
.I
17.3
State and
local govt.
retirement
funds
Private
pension
funds
u
s
.I
-11.0
-1.9'
Life
insurance
companies
Credit
unions
u
u
�.1 ....
5. Money market fund shares ....
II. Mu\'-lal f11nd shares.
12. Other corporate equities
Savinis
and loan
associations
12.
39.1 13.
14 .
15 .
16.
39.1 17.
18.
19.
10,
11.
,,
-13.1
- ,
13.
14.
-.6
- 1.5
4.1
15.
16.
17.
• This observation rounds ::, o 0
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
N
DECEMBER 1 988
Income and Product Distribution
Income and Product Distribution
Income and Product Accounts:
3
GNP Expenditures and Gross Savin9
ANNUAL FLOWS, 1970-81
ANNUAL FLOWS, 1970-81
1970
Total GNP
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1015,4581102,6841212,7601359,3161472,8071598,4261782,7921990,5042249,6772508,1702731,9473052,632
858,189 923,9231007,6001103,7301215,6891347,8151486,2861644,5541828,7052034,5642262,8682503,225
2 Current outlays
3
Households
640,008 691,553 757,570 837,220 916,5421012,7671129-,3481257,2141403,4931566,7511732,5541915,132
Of which consumer durables 85,663 97,596 111,201 124,691 123,771 135,363 161,472 184,498 205,583 218,957 219,280 239,876
4
State and local 9overnments 119,407 132,524 144,195 160,149 182,936 205,872 220,601 236,200 263,405 289,860 322,225 345,885
5
6
U.S. 9overnment
98,774 99,846 105,835 106,361 116,211 129,176 136,337 151,140 161,807 177,953 208,089 242,208
2
3
4
5
6
7 Gross domestic investment
148,802 172,474 202,006 238,816 240,845 219,557 277,670 344,054 416,840 454,842 436,970 515,511 7
8
Private fixed investment
145,685 164,705 191,529 219,220 225,410 225,183 261,652 322,783 388,203 441,872 445,299 491,503 8
40,451 55,146 68,568 73,288 64,797 62,333 81,652 108,621 129,190 139,054 122,538 122,259 9
9
Residential construction
10
3,068
4,447
2,254
3,820
4,902
4,338
Mobile homes
4,220
3,913
4,695 10
3,103
2,357
3,032
1-4 family structures
11
25,196 35,699 43,256 44,764 42,165 48,977 68,156 90,778 106,718 110,529 92,898 91,412 11
12
24,027 32,602 40,798 44,852 40,975 45,942 63,200 84,233 102,486 110,227 93,199 92,962 12
Household purchases
806
1,018
855
13
2,402
Farm
1,648
911
2,245
1,974 13
1,735
2,144
1,468
1,500
Chan9e in work in process
1,440
363
2,242
14
-999
on nonfarm
1,987 -1,346 -2,703 -3,524 14
-545
4,401
1,567
3,456
183
l,121
720
15
-273
-500
-673 -1,351 -1,763 15
Noncorporate
993
1,728
2,201
783
16
Corporate
180
l,121
720
-272
-499
2,200
994
784
-673 -1,352 -1,761 16
1,728
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
Multi-family units
Households Cll
Noncorporate business
Nonfin. corp. business
REI Ts
Nonres. plant & equipment
Nonprofit inst. CHHl
Farm
Nonfarm noncorp. bus.
Financial corporations
Non fin. corp. business
Inventories
Farm
Nonfarm
Noncorporate
Corporate
33 Net exports
34
Exports
35 - Imports
36 Disposable personal income
37 Personal savin9
38 Savin9 rate (percent)
13,001
1,800
9,660
1,458
83
16,379
1,600
13,668
977
134
21,492
1,800
20,337
-1,017
372
26,152
13,515
11,610
987
40
17
18
19
20
21
105,234 109,559 122,961 145,932 160,613 162,850 180,000 214,162 259,013 302,818 322,761 369,244
5,661
6,007
6,551
6,633
6,797
6,618
7,184
9,857 11,002
7,572
8,169
8,448
6,888
6,575
7,396
9,764 11,088 12,036 13,617 15,863 16,495 19,542 17,664 16,390
13,502 14,655 16,582 19,825 18,491 17,269 18,316 24,980 32,869 37,936 42,899 55,096
5,011
5,356
7,477
7,642
6,186
6,601
7,216
8,751 11,542 13,669 14,158 15,979
74,485 76,653 86,246 102,233 116,595 120,326 133,667 156,996 189,938 223,2:Z3 238,183 270,777
22
23
24
25
26
27
3,117
6
3,111
350
2,761
7,769
1,398
6,371
725
5,646
8,467
68,937
60,470
6,287
72,364
66,077
10,477
862
9,615
1,500
8,115
19,596
3,407
16,189
2,425
13,764
19,529
5,750
13,288
141
350
15,435
-1,612
17,04Z
1,425
15,622
10,999
3,596
6,932
-528
999
-5,626
3,400
-9,026
625
-9,651
10,464
2,629
7,256
37
542
16,018
-1,547
17,565
50
17,515
13,930
4,009
· 9,151
699
71
21,271
1,081
20,190
2,950
17,240
18,025
7,018
10,054
1,035
-82
28,637
2,130
26,507
3,450
23,057
23,623
13,534
8,924
1,202
-37
25,302
16,020
8,171
1,147
-36
12,970 -8,329
5,045 . -5,928
7,925 -2,401
-1,875 -3,125
9,800
724
24,008
5,752
18,256
6,575
11,68_1
28
29
30
31
32
3,154 16,770 16,273 31,054 18,836
1,896
4,132 18,764 32,109 33,896 33
81,380 114,112 151,501 161,342 177,738 191,621 227,517 291,215 350,961 382,800 34
78,226 97,342 135,228 130,288 158,902 189,725 223,385 272,451 318,852 348,904 35
--------------------
715,595 776,784 839,596 949,7691038,3721142,7821252,6451379,3411551,2291729.,3211917,9732127,584 36
57,730 66,318 61,374 88,97.1 96,688 104,632 95,779 90,713 110,160 118,050 136,904 159,449 37
8,067
8,537
9,367
7,309
9,155
9,311
7,646
6,576
7,101
6,826
7,137
7,494 38
39 Federal 9overnment surplus
-12,461 -22,018 -16,800
40 St. & local 9overnment surplus
1,867
2,526 13,423
41
42
43
44
45
24,304
3,000
20,742
322
240
-5,603 -11,559 -69,372 -53,537 -46,020 -29,335 -16,119 -61,334 -63,785 39
13,475
7,257
4,452 15,186 26,891 28,929 27,600 26,791 34,117 40
Corporate profits, taxes, and dividends:
76,046 87,292 101,471 127,151 138,859 134,838 170,251 200,437- 233,459 257,230 237,082 226,524 41
Profits - total (book)
Farms
7
91
306
286
687
765
391
469
889
930
412
94 42
Forei9n
6,920
7,639
9,318 14,537 16,979 14,410 16,024 18,337 22. 194 33,691! 34,352 28,540 43
Financial corporations
12,176 14,091 15,359 15,750 14,664 11,218 15,906 21,602 29,127 27,777 20,959 16,471 44
Nonfin. corporate business 56,943 65,471 76,488 96,099 106,930 108,523 137,852 160,107 181,208 194,866 181,359 181,419 45
46
47
48
49
Tax accruals - total
Farms
Financial corporations
Nonfin. corporate business
34,356
62
7,182
27,112
37,740
91
7,800
29,849
41,859
117
8,096
33,646
49,288
271
9,121
39,896
51,794
197
9,579
42,018
50,906
266
9,410
41,230
64,213
220
11,245
52,748
73,044
231
13,130
59,683
83,506
294
16,408
66,804
87,996
318
18,400
69,278
84,785
344
17,779
66,662
81,143
254
17,256
63,633
46
47
48
49
50
51
52
53
54
55
Dividends - total
Farms
Financial corporations
Non fin. corporate business
Net dividends p·aid
+ Net f9n. div. received
22,450
24
150
22,276
18,501
3,775
22,907
54
-50
22,903
18,428
4,475
24,436
74
-359
24,721
20,021
4,700
27,042
96
-459
27,405
20,980
6,425
29,748
134
-1,230
30,844
21,570
9,274
29,600
172
-1,507
30,935
24,605
6,330
34,640
147
-1,557
36,050
27,624
8,426
39,482
272
-2,767
41,977
31,687
10,290
44,743
181
-2,990
47,552
37,055
10,497
50,099
246
-4,266
54,119
39,009
15,110
54,747
196
-6,423
60,974
45,308
15,666
63,573
348
-4,367
67,592
53,079
14,513
50
51
52
53
54
55
56
57
58
59
60
61
62
Undist. prof. - total C book)
Farms
Financial corporations
Forei9n
Nonfin. corporate business
Domestic undist. prof.
+ Net f9n. div. received
19,240
-79
4,825
3,160
11,334
7,559
3,775
26,645
-54
6,325
3,158
17,216
12,741
4,475
35,176
115
7,633
4,635
22,793
18,093
4,700
50,821
398
7,089
8,097
35,237
28,812
6,425
57,317
-45
6,315
7,705
43,342
34,068
9,274
54,332
249
3,312
8,080
42,691
36,361
6,3.30
71,398
102
6,218
7,598
57,480
49,054
8,426
87,911 105,210 119,135
-112
455
325
11,239 . 15,709 13,643
8,047 11,697 18,588
68,737 77,349 86,579
58,447 66,852 71,469
10,290 -10,497 15,110
97,550
-126
9,603
18,686
69,387
53,721
15,666
81,808
-506
3,582
14,027
64,705
50,192
14,513
56
57
58
59
60
61
62
63
64
65
66
Cap. cons. adjust. - total
Farms
Financial corporations
Nonfin. corporate business
5,203
87
163
4,953
4,344
69
152
4,123
5,828
57
327
5,444
6,216
201
646
5,369
2,290
267
636
1,387
-9,001 -10,944 -13,977 -16,755 -14,377
403
447
590
593
729
-58
-43
-524 -1,249 -1,258
-9,361 -11,333 -14,043 -16,099 -13,848
63
64
65
66
67 Total capital cons. w/CCAdj
68
Owner-occupied homes CHH>
Nonprofit institutions CHH)
69
70
Farm noncorporate
71
Nonfarm noncorp. business
Total corporate·
72
73
Financial business
74
Corporate farms
75
Nonfin. corporate business
88,820
13,492
3,070
5,336
14,971
51,951
1,799
295
49,857
-6,243 -10,120
. 298
342
367
38
-6,908 -10,500
97,535 107,940 118,071 137,461 161,806 179,228 201,512 229,900 265,751 303,849 347,842 67
14,943 17,222 18,952 21,900 24,409 26,983 31,140 36,117 41,922 46,952 51,438 68
5,056
5,715
4,132
6,111
3,746
3,410
6,683
7,427
8,319
9,323 10,415 69
7,828
9,194 10,083 11,293 12,625 14,257 16,307 17,915 70
6,823
5,624
6,242
16,426 17,989 19,965 22,677 26,107 28,514 31,945 36,564 42,935 49,850 57,359 71
57,132 62,741 68,199 80,000 96,381 107,537 120,451 137,167 158,318 181,417 210,715 72
3,219
3,908
2,571
2,031
2,267
4,548
5,324
6,391
7,623
8,871 10,485 73
318
480
595
688
363
405
806
932
1,086
1,284
1,448 74
54,783 60,111 65,223 76,301 91,878 102,301 114,321 129,844 149,609 171,262 198,782 75
Memo: Cap. cons. on consumer
76
durables not included above
65,757 71,848 76,409 83,483 93,872 106,982 118,563 131,192 146,800 164,963 187,363 202,510 76
77 Tot. cap. cons. incl. durables 154,577 169,383 184,349 201,554 231,333 268,788 297,791 332,704 376,700 430,714 491,212 550,352 77
78 Statistical discrepancy
-1,107
1,867
-1,591
-4,278
-1,730
2,490
3,601
-8
-1,896
-976
4,923
4,123 78
79 Profit tax rate Cpercent>
80 Personal tax rate (percent>
45,177
13,971
43,234
13,115
41,252
14,464
38,763
13,792
37,299
14,193
37,753
12,989
37,716
13,692
36,442
14,191
35,769
14,408
34,209
14,978
35,761
15,078
35,820 79
15,603 80
Cl) Purchases of condo11iniu■ units.
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
DECEMBER l988
Income and Product Distribution
Income and Product Distribut1on
Income and Product Accounts:
4
GNP Expenditures and Gross Saving
ANNUAL FLOWS, 1982-87
ANNUAL FLOWS, 1982-87
1983
1982
1987
1986
--------------------------------------------------1984
1985
13165,9503405,8003772 ,2004014,9254240,3004526,750
Total GNP
22692,3752909,6003166,3003449,7503678,7003936,875
32050,6752234,5502430,4502629,0002807,4753012,100
4 252,650 289,100 335,550 372,225 406,525 421,850
5 369,025 391,500 425,350 465,575 505,050 542,800
6 272,675 283,550 310,500 355,175 366,175 381,975
Current outlays
Households
Of which consumer durables
State and local 9overn111ents
U.S. government
2
3
4
5
6
Gross domestic investment
Private fixed investment
Residential construction
Mobile homes
1-4 family structures
Household purchases
Farm
Chanse in work in process
on nonfarm
Noncorporate
Corporate
7
8
9
10
11
12
13
Multi-family units
Households Cll
Noncorporate business
Nonfin. corp. business
RElTs
17
18
19
20
21
7 447,275 502,300 664,850 643,100 665,975
8 471,825 509,375 597,150 631,775 650,425
9 105,125 152,500 181,100 188,850 216,550
6,109
6,233
6,081
5,329
10
4,576
11 75,357 113,751 134,838 138,456 162,774
12 72,034 112,227 132,290 137,195 161,506
2,552
1,886
1,521
1,236
2,042
13
712,925
673,700
226,900
5,339
183,025
180,154
l_,820
14
15
16
1,281
641
640
3
2
1
-2
-625
-312
-·313
32
16
16
1,051
526
525
17
18
19
20
21
25,192
13,276
10,641
1,188
87
32,640
14,889
16,561
1,221
-31
40,029
16,911
21,201
1,686
231
44,313
18,156
24,46!
1,308
48,447
19,062
27,649
1,306
430
38,536
19,915
17,097
1,058
-4
-2
386
466
22 366,700 356,875 416,050 442,925 433,875 446,800
23 12,444 14,200 15,200 15,228 16,128 18,299
9,464
8,800
8,191
24 13,213 10,100 10,400
25 55,855 52,041 51,575 51,790 52,652 52,899
26 17,172 19,402 29,487 36,528 40,899 44,510
27 268,016 261,132 309,388 330,579 316,005 321,628
28 -24,550
29 -1,450
30 -23,100
31 -l,925
32 -21,175
-7,075
-7,475
400
-150
550
67,700
7,150
60,550
8,900
51,650
11,325
-3,325
14,650
8,300
6,350
15,550
-1,875
17,425
10,450
6,975
39,225
-1,500
40,725
5,900
34,825
Nonres. plant & equipment
Nonprofit inst. CHHl
Farm
Non farm noncorp. bus.
Financial corporations
Nonfin. corp. business
Inventories
Farm
Nonfarm
Noncorporate
Corporate
14
15
16
22
23
24
25
26
27
28
29
30
31
32
33 26,300 -6,100 -58,950 -77,925-104,375-123,050
34 361,925 352,525 383,500 370,925 378,450 428,050
35 335,625 358,625 442,450 448,850 482,825 551,100
Net exports
Exports
- Imports
33
34
35
362261,4252428, l 002668,6002838,7003019,6753209,675
37 153,950 130,625 164,075 125,400 121,700 104,150
38
6,807
5,379
6,148
4,417
4,030
3,244
Disposable personal income
Personal savins
Savins rate (percent>
36
37
38
39-145,900-176,050-169,525-196,900-205,525-157,700
40 35,100 47,400 64,525 65,100 61,175 52,850
Federal government surplus
39
St. & local government surplus 40
41 169,600 207,625 239,925 224,250 236,350 276,700
42
-74
-170
-24
-77
-73
-43
43 28,050 30,175 30,900 31,150 31,950 36,400
44 11,825 18,100 13,000 22,850 31,850 30,100
45 129,799 159,520 196,049 170,327 172,623 210,243
Corporate profits, taxes, and dividends:
Profits - total (book>
Farms
Foreis�
Financial corporations
Nonfin. corporate business
41
42
43
44
45
80
16,800
46,195
63,075
77,250
117
17,825
59,308
258
20,400
73,267
93,925
96,425 106,575 133,775
260
293
327
26,575 29,800 34,825
69,590 76,482 98,623
Tax accruals - total
Farms
Financial corporations
Nonfin. corporate business
46
47
48
49
50 66,875
51
261
52 -5,350
5,3 71,%4
54 59 .439
55 12,525
71,525
261
-6,750
78,014
66,239
11,775
79,025
290
-2,225
80,960
69,210
11,750
83,250
307
-1,075
84,018
71,843
12,175
88,225
325
-2,025
89,925
74,475
15,450
95,500
328
-375
95,547
83,472
12,075
Dividends - total
Farms
Financial corporations
Nonfin. corporate business
Net dividends paid
+ Net fgn. div. received
50
51
52
53
54
55
39,625
-415
375
15,525
24,140
11,615
12,525
58,850
-548
7,050
18,400
33,948
22,173
·11,775
67,050
-572
-5, 150
19,175
53,597
41,847
11,750
44,550
-644
-2,600
18,925
28,869
16,694
12,175
41,550
-691
4,025
16,475
21,741
6,291
15,450
47,400
-4,300
24,300
28,098
16,023
12,075
Undist. prof. - total Cbookl
Farms
Financial corporations
Foreign
Nonfin. corporate business
Domestic undist. prof.
• Net f9n. div. received
56
57
58
59
60
61
62
-9,250
912
-1,775
-8,387
17,025
1,126
-125
16,024
32,750
1,240
650
30,860
59,750
1,501
3,050
55,199
54,150
1,330
4,500
48,320
51,700
1,627
6,375
43,698
Cap. cons. adjust. - total
Farms
Financial corporations
Nonfin. corporate business
63
64
65
66
67 38;;, 150 396,575 415,450 437,200 455,900 479,950
68 54,264 57,031 59,988 64,358 67,051 70,001
69 ),1.,246 11,867 12,668 13,348 14,080 14,767
70 18,898 20,796 20,886 20,417 19,658 18,994
71 63,767 64,181 67,383 70,502 72,636 78,688
72 234,975 242,700 254,525 268,575 282,475 297,500
73 12,025 12,900 14,475 16,025 18,350 21,275
74
• ,557
1,542
1,604
1,583
1,614
1,506
75 221.393 228,196 238,436 250,967 262,583 274,719
Total capital cons. w/CCAdj
Owner-occupied homes CHHl
Nonprofit institutions CHHl
Ferm noncorporate
Nonfarm noncorp. business
Total corporate
Financial business
Corporate farms
Nonfin. corporate business
67
68
69
70
71
72
73
74
75
46
47
48
49
56
57
58
59'
60
61
62
63
64
65
66
-698
76 215,403 226,399 236,738 254,597 280,568 305,350
77 5,,tl,553 622,974 652,188 691,797 736,468 785,300
78
79
so
-75
37 190
15,326
5,325
5,400
37,206
14,460
39,147
14,158
Memo:
Cap. cons. on consumer
durables not included above 76
Tot. cap. cons. incl, durables 77
-4,650 -13,700
-8,025
Statistical discrepancy
78
42,998
14,634
48,346
15,087
Profit tax rate (percent)
Personal tax rate (percent>
79
80
45,092
14,482
Cl> Purchases of condominium units.
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
DECEMBER 1988
Funds· Raised in Credit Markets
5
Funds Raised in Credit Markets
Summary of Net Funds Raised in Credit and Equity Markets
ANNUAL FLOWS, 1970-81
ANNUAL FLOWS, 1970-81
----------
1970
---------------------------------1971
1972
1973
1974
1975
----------
1976
1978
1977
1979
1980
1981
-------------------
Net Credit Market Borrowing by Nonfinancial Sectors
l
Total net borrowin9 by domestic
91,8W 135,623 157,002 184,276 171,452 186,235 240,541 315,792 370,914 383,537 343,060 370,826
nonfinancial sectors
2
3
4
U.S. 9overnment
Treasury issues
A9ency issues & mortgages
11,851
12,884
-1,033
87,373
87,823
-450
2
3
4
5
Private domestic
nonfinancial sectors
79,977 110,725 141,927 176,010 159,661 100,830 171,514 259,029 317,233 346,177 263,864 283,453
5
24,898
26,0�0
-1,122
15,075
14,262
813
8,266
7,907
359
13
Debt capital instruments
Tax-exempt obl19ations
Corporate bonds
Mort9a9es
Home mort9a9es
Multi-family resid.
Commercial
Farm
61,806
11,231
19,756
30,819
13,645
8,072
7,963
1,139
85,496
17,422
18,807
49,267
27,132
9,734
9,784
2,617
98,475 101,389
14,709 14,708
9,159
12,187
71,579 77,522
39,418 43,786
12,706 10,358
16,475 18,933
4,445
2,980
14
15
16
17
18
Other debt instruments
Consumer credit
Bank loans n. e. c.
Commercial paper
Other
18,171
4,576
6,170
l,777
5,648
25,229
14,066
7,129
-886
4,920
43,452
19,036
16,707
721
6,988
19
20
21
22
23
24
25
By borrowin9 sector:
State&local 9overnments
Households
Nonfinancial business
Farm
Nonfarm noncorporate
Corporate
6
1
8
9
10
11
12
97,685
16,480
19,670
61,535
34,355
6,911
15,139
5,130
85,405
85,848
-443
69,027
69,139
-112
56,763
57,649
-886
53,681
55,113
-1,432
37,360
38,761
-1,401
79,196
79,793
-597
98,731 122,527 171,641 201,308 212,527 190,804 155,331 6
16,148 15,664 20,330 28,356 30,326 30,263 23,378 7
27,204 22,831 22,877 21,116 17,308 27,655 22,761 8
55,379 84,032 128,434 151,836 164,893 132,886 109,192 9
39,474 62,186 93,267 110,173 116,554 95,334 72,369 10
7,600
-34
4,844 11
8,436 10,929 10,005
4,985
11,019 11,339 18,194 21,926 24,357 19,220 22,235 12
4,920
8,808 13,977 10,732
8,537
9,744 13
5,522
61,976
2,099
8,993
7,969
32,649 -13,489
4,131 -2,1397
16,203 10,516
48,987
22,887
5,036
1,433
19,631
87,388 115,925 133,650
36,719 45,130 40,479
26,310 40,272 48,516
9,019
2-691
1,639
22,720 27,832 35,636
73,060 128,122 14.
2,630 16,905 15
36,473 48,065 16
3,968 14,696 17
29,989 48,456 18
79,977 110,725 141,927 176,010 159,661 100,830 171,514 259,029 317,233 346,177 263,864 283,453 19
11,308 17,701 14,506 12,798 14,608 12,337 13,215 10,465 16,536 17,635 17,223
6,785 20
22,643 42,871 60,908 74,865 50,556 49,537 86,726 136,026 165,550 171,499 117,265 113,883 21
46,026 50,153 66,513 88,347 94,497 38,956 71,573 112,538 135,147 157,043 129,376 162,785 22
7,923
8,806 10,007 13,759 16,255 23,508 15,754 16,316 23
8,812
4,704
2,613
5,257
14,975 19,522 29,776 11,094 35,740 16,979 21,429 32,080 47,918 65,550 55,785 44,358 24
28,438 25,927 31,480 68,441 50,834 13,171 40,137 66,699 70,974 67,985 57,837 102,111 25
26 F9n. net borrowin9 in U.S.
Bonds
27
28
Bank loans n.e.c.
Commercial paper
29
U.S. 9ovt. & other loans
30
31 Total domestic plus foreign
74,621
22,953
37,840
1,414
12,414
11,791
12,027
-236
2,806
874
-205
5,055
940
2,000
4,442
1,030
2,993
6,296
958
2,715
2,137
2,115
419
2,623
13,818
2,372
4,656
181
6,609
14,106
7,168
3,859
378
2,701
20,499
8,530
6,776
723
4,470
13,502
5,051
3,054
565
4,832
24,011
3,977
18,267
1,033
734
14,963
3,701
3,054
1,673
6,535
24,158
1,202
11,780
2,402
8,774
23,523
5,487
3,027
3,874
ll,135
26
27
28
29
30
94,634 140,678 161,444 190,572 185,270 200,341 261,040 329,294 394,925 398,500 367,218 394,349 31
--·--------------
Total net borrowin9
by financial sectors
Net Credit Market Borrowing by Financial Sectors
------------------21,909
50,843
73,296
89,899
65,410 101,943
2
3
4
5
U.S. government-related
Sponsored credit a9. sec.
Mort9age pool securities
Loans from U.S. 9overnment
9,785
8,234
1,551
5,913
l,142
4,771
8,399
3,521
4,878
19,931
16,295
3,636
20,715
16,602
3,418
695
10,259 14,255
2,342
2,460
7,053· 12,182
864
-387
21,999
6,956
16,110
-1,067
37,073
23,069
13,604
400
47,897
24,256
23,051
590
44,800
24,404
19,181
1,215
47,413
30,505
15,028
1,880
6
1
8
9
10
11
Private financial sectors
Corporate bonds
Mortgages
Bank loans n.e.c.
Open-market paper
Fed. Home Loan Bank loans
5,949
3,776
116
414
317
1,326
4,664
4,904
134
1,525
780
-2,679
14,697
7,047
480
6,254
873
43
27,117
4,440
320
8,237
6,952
7,168
27,237
3,080
169
3,884
13,447
6,657
1,053
6,888
379
-3,565
1,310
-3,959
7,654
6,511
388
-3,291
6,029
-1,983
28,844
11.,965
12
-239
12,795
4,311
36,223
7,849
150
1,784
13,943
12,497
42,002
5,462
-10
543
26,839
9,168
20,610
1,617
-40
-1,017
12,925
7,125
54,530 6
4,407 1
20 8
1,192 9
32,680 10
16,231 11
12 Total, by sector
Sponsored credit agencies
13
Mort9age pools
14
15,734
8,234
1,551
10,577
l,142
4,771
23,096
3,521
4,878
47,048
16,295
3,636
47,952
17,297
3,418
11,312
3,206
7,053
21,909
2,073
12,182
50,843
5,889
16,110
73,296
23,469
13,604
89,899
24,846
23,051
65,410 101,943 12
25,619 32,385 13
19,181 15,028 14
Private financial sectors
5,949
1,721
-845
4,664
1,694
762
-2,017
2,293
1,932
14,697
136
2,578
480
6,854
4,649
27,117
2,022
3,170
7,567
8,768
5,590
27,237
9,843
4,433
6,208
5,283
1,470
1,053
434
4,26�
-4 .196
664
-111
7,654
4,516
2,044
-1,662
4,687
-1,931
28,844
3,716
3,816
6,852
16,959
-2,499
36,223
-514
7,535
13,486
16,136
-420
42,002
9,099
4,093
12,593
16,344
-127
20,610
8,295
6,704
7,427
-1,295
-521
15
16
17
18
19
20
21
Commercial banks
Domestic affiliates
Savin9s and loan assns.
Finance companies
REITs
CHO Trusts
15,734
10,577
23,096
47,048
47,952
11,312
1,2�2
3,152
699
-------------------------
---------------------------
54,530
11,633
9,164
15,481
18,495
-243
-
2
3
4
5
15
16
17
18
19
20
21
Total Net Credit Market Borrowing, All Sectors, by Type
-------------------------------------------------
1 Total net borrowing
2
U.S. government securities
Tax-exempt obligations
3
Corporate & forei9n bonds
4
Mortga9es
5
6
1
8
9
Consumer credit
Bank loans n.e.c.
Open-market paper
Other loans
10 Memo: U.S. govt. cash balance
11
12
110,368 151,255 184,540 237,620 233,222 211,653 282,949 380,137 468,221 488,399 432,628 496,292
21,711 30,883 23,560 28,268 31,917 94,890 83,760 79,942 90,451 84,785 122,885 133,015
11,231 17,422 14,709 14,708 16,480 16,148 15,664 20,330 28,356 30,326 30,263 23,378
24,406 24,651 20,264 14,557 25,122 41,260 37,872 39,893 32,942 26,471 30,474 32,655
30,860 49,329 71,973 77,771 61,598 55,668 84,329 128,333 151,889 164,765 132,742 109,103
4,576
6,379
2,094
9,111
14,066
10,654
-106
4,356
19,036
25,954
1,594
7,450
22,953
48,792
8,366
22,205
7,969
8,993
41,189 -13,195
17,759 -1,209
30,164 10,122
2,754
3,185
-314
-1,673
-4,581
2,873
22,887
8,521
8,185
21,731
36,719
29,125
14,999
30,796
45,130
60,323
17,667
41,463
40,479
52, l13
37,531
51,929
2,630
47,236
19,295
47,103
3,155
1,092
3,754
599
-3,838
16,905
52,28�
51,250
17,702
2
3
4
5
6
7
8
9
-10 10
Totals net of changes in U.S. 9ovt. cash balances:
Net borrowing by dom. nonfin. 89,074 132,438 157,316 185,949 176,03� 183,362 237,386 314,700 367,160 382,938 346,898 370,836 11
9,939 16,372 82,532 65,872 55,671 49,927 36,761 83,034 87,:;';83 12
9,097 21,713 15,389
By U.S. government
Total net share issues
Mutual funds
All other
Nonfinancial corporations
Financial corporations
Foreign shares
purchased in U.S.
6
2
3
4
5
MILLIOMS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
--------------------------------------------------------------------------------------------------External Corporate Equity Funds Raised in U.S. Markets
----------------------------------------------11,303
2,551
8,752
5,694
1,982
15,685
915
14,770
11,435
2,�22
15,015
-61
15,076
10,922
3,535
11,574
61
11,513
7,883
2,958
5,529
722
4,807
4,097
1,229
9,962
-92
10,054
9,908
1,067
11,383
-1,977
13,360
10,524
2,481
6, 7-34
967
5,767
2,727
2,632
1,993
-72
2,065
-101
2,517
-3,764
382
-4,146
-7,836
2,665
1,076
1,113
619
672
-519
-921
355
408
-351
1,025
20,263 -4,831
2,865
::; ,717
17,398 -8,548
12,875 -11,450
2,157
2,689
2,366
213
2
3
4
5
6
DECEMBER 1988
Funds Raised in Credit Markets
Funds Raised in Credit Markets
6
Summary of Net Funds Raised in Credit and Equity Markets
ANNUAL FLOWS, 1982-87
1982
1983
ANNUAL FLOWS, 1982-87
1984
1985
1986
1987
----------------------------------------------------------Net Credit Market Borrowing by Nonfinancial Sectors
Total net borrowing by domestic
nonfinancial sectors
388,710 546,798 750,795 846,279 830,574 680,629
2 161,263 186,557 198,802 223,621 215,016 143,842
3 162,135 186,678 198,969 223,717 214,661 142,321
4
-872
-121
-167
-96
355
1,521
U.S. government
Treasury issues
Agency issues & mortgages
5 227,447 360,241 551,993 622,658 615,558 536,787
Private domestic
nonfinancial sectors
6 151,052 257,620 319,319
7 44,224 53,744 50,399
8 18,666 16,026 46,129
9 88,162 187,850 222,791
10 53,422 120,364 136,690
5,412 14,115 25,183
11
12 25,245 50,961 62,155
4,083
2,410 -1,237
13
14
15
16
17
18
452,313
136,370
73,753
242,190
156,758
29,791
62,213
-6,572
460,658 446,063
30,792 34,498
121,276 99,940
308,590 311,625
210,940 221,665
33,517 24,329
73,632 72,029
-9,499 -6,398
76,395 102,621 232,674 170,345 154,900
16,392 48,964 81,648 82,502 54,414
50,377 23,152 67,080 38,632 69,327
-6,125
-839 21,715 14,598 -9,342
15,751 31,344 62,231 34,613 40,501
90,724
40,718
8,783
2,274
38,949
19 227,447 360,241 551.993 622,658 615,558 536,787
20 21,548 34,022 27,427 91,786 44,322 34,442
21 83,986 186,107 231,495 283,604 286,110 261,505
22 121,913 140,112 293,071 247,268 285,126 240,840
6,703
3,896
-380 -14,509 -16,261 -11,218
23
24 71,822 81,853 123,161 129,332 127,562 115,789
25 43,388 54,363 170,290 132,445 173,825 136,269
26
27
28
29
30
15,984
6,614
-5,508
1,864
13,014
17,336
3,080
3,623
6,486
4,147
8,361
3,812
-6,617
6,181
4,985
1,202
3,793
-2,846
6,202
-5,947
9,595
3,017
-1,030
11,484
-3,876
4,340
6,814
-3,620
2,135
-989
31 404,694 564,134 759,156 847,481 840,169 684,969
----------------------------------------
2
3
4
5
Debt capital instruments
Tax-exempt obligations
Corporate bonds
Mortgages
Home mortgages
Multi-family resid.
Commercial
Farm
6
7
8
9
10
Other debt instruments
Consumer credit
Bank loans n.e.c.
Commercial paper
Other
14
15
16
17
18
By borrowing sector:
State&local governments
Households
Nonfinancial business
Farm
Nonfarm noncorporate
Corporate
19
20
21
11
12
13
22
23
24
25
Fsn, net borrowing in U.S.
Bonds
Bank loans n.e.c.
Commercial paper
U.S. govt. & other loans
26
27
28
29
30
Total domestic plus foreign
31
Net Credit Market Borrowing by Financial Sectors
-------------------------------------
Total net borrowing
by f1 nanci al sectors
90,734
99,235 148,711 198,265 297,198 303,054
64,874
14,942
49,532
400
67,795
1,407
66,388
74,877 101,547 178,113 185,823
30,430 20,585 15,215 30,204
{,4,447 79,877 163,263 156,369
1,085
-365
-750
U.S. government-related
Sponsored credit as. sec.
Mort9a9e pool securities
Loans from U.S. government
6
7
25,860
13,144
113
1,868
9,928
807
31,440
17,291
25
-116
21,288
-7,048
73,834
33,028
411
664
24,063
15,668
Private financial sectors
Corporate bonds
Mortgages
Bank loans n.e.c.
Open-market paper
Fed. Home Loan Bank loans
12
13
14
90,734
15,342
49,532
99,235 148,711 198,265 297,198 303,054
1,407 30,430 21,670 14,850 29,454
66,388 44,447 79,877 163,263 156,369
Total, by sector
Sponsored credit agencies
Mortgage pools
12
13
14
15
16
25,860
11,666
6,781
2,490
4,253
43
627
31,440
5,0{,5
12,090
-2,062
12,979
-219
3,607
96,718 119,085 117,231
7,090
-4,881 -3,643
14,527
2,886
4,606
22,337 29,758 35,999
52,745 48,409 30,604
501
957
1,525
11,489 38,998 39,127
Private financial sectors
Commercial banks
Domestic affiliates
Savings and loan assns.
Finance c�mpanies
REITs
CMO Trusts
15
16
17
18
19
20
21
2
3
4
5
8
9
10
11
17
18
19
20
21
73,834
7,256
15,590
22,655
18,212
842
9,279
96,718 119,085 117,231
47 901 70,948 67,061
79
282
55
4,012 -3,311
2,559
�1.989 24,236 28,786
14,214 19,810 24,413
------------------------------------------------------------
2
3
4
5
6
7
8
9
10
11
-----------------------------------------
Total Net Credit Market Borrowing, All Sectors, by Type
495,428 663,369 907,8671045,7461137,367 988,023
2 225,856 254,433 273,779 324,152 393,530 330,430
3 44-224 53,744 50,399 136,370 30,792 34,498
4 38-424 36,397 82,969 125,447 195,241 173,815
5 88-156 187,794 223,102 242,176 308,633 311,892
6
7
8
9
16-392
46- 737
5-667
29,972
48,964
26,659
26,935
28,443
81,648
61,127
51,959
82,884
82,502
38,345
52,789
43,965
54,414
72,309
26,378
56,070
40,718
1,852
33,195
61,623
10
7,250
-7,132
6,262
14,363
-10
-7,882
11 �81 -460 553,930 744,533 831,916 830,584 688,511
12 154-013 193,689 192,540 2�9.258 215,026 151,724
Total net borrowing
U.S. government securities
Tax-exempt obligations
Corporate & foreign bonds
Mortsases
Consumer credit
Bank loans n.e.c.
Open-market paper
Other loans
1
2
3
4
5
6
7
8
9
Memo: U.S. govt. cash balance 10
Totals net of changes in U.S. govt. cash balances:
Net borrowing by dom. nonfin. 11
12
By U.S. government
------------------------------------------------------------------------External Corporate Equity Funds Raised in U.S. Markets
--------------------------------------------------l
2
3
4
5
21,213
8-769
12,444
6. <j 00
4. 674
l, 370
58,056 -35,995 20,087 93,871 13,303
27,224 29,340 84,379 161,834 72,303
30,832 -65,335 -64,292 -67,963 -59,000
23,500 -74,475 -81,500 -80,750 -76,500
3,649
8,196 13,519 11,507 19,858
3,683
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
944
3,689
1,280
-2,358
Total net share issues
Mutual funds
All other
Nonfinancial corporations
Financial corporat1 ons
Foreign shares
purchased in U.S.
1
2
3
4
5
6
DECEMBER l988.'
Credit Market Supply of Funds
Credit Market Supply of Funds
7
Direct and Indirect Sources of Funds to Credit Markets
ANNUAL FLOWS, 1970-81
ANNUAL FLOWS, l970-81
1970
1971
1972
1973
1975
1974
1976
1977
1978
1979
1980
1981
---------------------
Total funds advanced in credit markets
to dom. nonfinan. sectors
91,828 135,623 157,002 184,276 171,452 186,235 240,541 315,792 370,914 383,537 343,060 370,826
BY Federal agencies and foreign
42,757
33,404
7.,008
-2,679
5,024
20,646
8,725
7,036
43
4,842
32,578
9,150
8,243
7,168
8,017
41,427
8,282
13,266
6,657
13,222
41,473
16,643
15,698
-3,959
13,091
45,603
21,439
12,318
-1,983
13,829
79,025
38,533
19,953
4,311
16,228
95,461
36,048
25,724
12,497
21,192
7 BY type of lender:
29,104 42,757
8
U.S. government
2,793
2,819
9
Spons. credit ag.&mtg. pools 10,356
5,850
4,981
7,362
10
Hone\.ary authority
11
Foreign
10,974 26,726
Agency and foreign borrowing not in line 1:
12
Spons. credit ag.&mtg. pools
9,785
5,913
5,055
Foreign
2,806
13
20,646
1,843
8,847
1,628
8,328
32,578
3,871
19,136
9,274
297
41,427
7,301
24,266
4,876
4,984
41,473
13,403
11,569
8,191
8,310
45,603
7,951
16,886
6,728
14,038
79,025
9,986
22,554
8,664
37,821
95,461 68,829
17,055 19,005
40,289 53,057
8,452
7,133
29,665 -10,366
98,107 106,643 7
23,686 24,046 8
45,601 48,240 9
3,531
8,825 10
25,289 25,532 11
8,399
4,442
19,931
6,296
20,715
13,818
10,259
14,106
14,255
20,499
21,999
13,502
37,073
24,011
44,800
24,158
29,104
15,807
6,528
1,326
5,443
2 Total net advances, by type
U.S. government securities
3
Residential mortgages
4
FHLB advances to S&Ls
5
Other loans and securities
6
68,829
-9,591
35,786
9,168
33,466
47,897
14,963
98,107 106,643
19,095 18,705
31,713 23,454
7,125 16,231
40,174 48,253
2
3
4
5
6
47,413 12
23,523 13
Private domestic funds advanced
75,315 103,834 149. 197 177,925 164,558 169,127 229,692 272,268 336,537 377,568 313,911 335,119 14
5,904 -2,.521 14,83S 19,118 23,635 78,247 62,321 41,409 54,403 94,376 103,790 114,310 15
11,231 17,422 14,709 14,708 16,480 16,148 15,664 20,330 28,356 30,326 30,263 23,378 16
19,959 19,455 13,146 10,048 21,192 33,779 30,471 24,132 23,155 18,379 20,699 19,822 17
15,114 29,786 45,002 45,830 27,894 23,652 54,762 81,637 95,281 90,655 71,117 53,650 18
24,433 37,013 61,548 95,389 82,014 13,342 64,491 109,071 147,839 153,000 95,167 140,190 19
7,168
6,657 -3,959 -1,983
43
7,125 16,231 20
9,168
1,326 -2,679
4,311 12,497
14 Total net advances
U.S. government securities
15
Tax-exempt obligations
16
Corporate and foreign bonds
17
Residential mortgages
18
Other 111ort.gages and loans
19
20
Less: FHLB advances
Private financial intermediation
21
22
23
24
25
Credit market funds advanced
by private financial insts.
Commercial banking
Savings institutions
Insurance and pension funds
Oth'er finance
77,775 108,329 153,549 169,879 141,975 127,914 204,081 255,450 301,823 312,158 287,263 328,315
36,941 51,110 69,179 86,633 76,321 30,129 66,272 91,418 128,061 131,403 107,635 106,545
17,089 37,035 45,113 35,260 25,346 50,930 68,413 78,568 71,267 55,412 51,304 26,167
16,974 13,566 23,483 27,645 33,104 49,101 52,565 67,256 76,884 78,721 93,653 90,072
6,771
6,618 15,774 20,341
7,204 -2,246 16,831 18,208 25,611 46,622 34,671 105,531
77,775 108,329 153,549 169,879 141,975 127,914 204,081 255,450 301,823 312,158 287,263 328,315 26
57,287 90,167 101,334 93,618 63,390 87,508 124,936 138,239 142,223 134,332 172,766 215,233 27
4,664 14,697 27,117 27,237
1,053
7,654 28,844 36,223 42,002 20,610 54,530 28
5,949
26 Sources of funds
27
Private domestic dep. & RPs
Credit market borrowing
28
29
30
31 .
32
33
21
22
23
24
25
Other sources
Foreign funds
Treasury balances
Insurance and pension res.
Other, net
14,539
-7,500
2,884
12,839
6,316
13,498
-4,593
2,231
9,127
6,733
37,518
3,874
706
25,794
7,144
49,144
S86
-1,008
25,929
23,637
51,348
9,099
-5,058
33,417
13,890
39,353
-8,680
-1,692
55,751
-6,02"6
71,491
-4,817
-89
39,014
37,383
88,367 123,377 135,824 93,887 58,552 29
1,109
7,253 26,404 -25,115 -�2,595 30
4,292
6,760
400 -2,558 -1,114 31
58,660 76,021 74,689 86,061 83,389 32
24,306 33,343 34,331 35,499 -1,128 33
33,265
11,986
2,548
11,124
-356
7,963
45,662
24,014
-2,649
1,121
14,092
9,084
Private domestic nonfinancial investors
34 Direct lending in er. 111arkets
U.S. government securities
35
Tax-exempt obligations
36
Corporate ;nd foreign bonds
37
38
Open-mark�t paper
39
Other
3,489
-7,838
-1,329
10,670
-1,988
3,974
169
-9,854
845
10,365
-1,747
560
10,345
1,326
2,956
3,533
-1,609
4,139
35,163
17,134
5,377
1,684
7,428
3,540
49,820
17,286
9,442
7,594
9,236
6,.262
42,266
26,513
8,411
8,350
-9,103
8,095
40 Deposits and currency
Curren ;y
41
Check.ole deposits
42
60,393
3,481
5,481
94,078 106,604
4,332
3,475
10,366 16,827
98,699
69,471
6,281
1,998
94,612 133,985 147,695 153,489 147,427 185,921 223,072 40
6,278
7,380
8,155
9,273
7,952 10,336
9,497 41
8,076 10,329 17,272 17,024 19,879
7,056 18,615 42
37,271 97,536 121,310
1,317
2,379
-10
27,519 -19,667 -10,074
3,381
246
-5,777
-200
826
1,669
3,924
10,354
61,334
29,959
10,655
-3,528
-2,768
27,016
34
35
36
37
38
39
29,985
67,7S9
70,262
39,528
47
Small time & svgs. deposits
Honey market fund shares
Large time deposits
Security RPs
Foreign deposits
24,898
-3,077
-375
11. 199
843
436
12,634
l,611
938
35,162
8,574
1,157
48
Total of credit mkt. instruments, deposits, and currency
63,882
94,247 116,949 133,862 119,291 136,878 167,250 193,357 224,426 254,839 233,179 284,406 48
43
44
45
46
93,922
-43
24,189
2,899
1,301
70,937 107,412 47,258
39,329 67,376 28,308
9,806
3,624
6,700
-3,916 -3,409 -13,006
9,424 -3,890
15,205
16,695 24,215 29,146
65,812
6,403
42,497
10,487
1,993
59,191
32,986
15,614
6,662
5,143
82,179 47,573 43
28,522 102,165 44
45,186 36,663 45
9,823 10,217 46
2,819 -1,658 47
30,754 30,393 12,788
49 Public holdings as% of total
50 Pvt. finan. intermediation (%) 103,266 104,329 )02,916
51 Total foreign funds
3,474 22,133 12,202
17,094
95,477
883
22,360
86,276
14,083
20,701
75,631
-370
17,469
88,849
9,221
23,998
93,822
38,930
24,171
89,684
36,918
17,272
82,675
16,038
26,716
91,510
174
27,042 49
97,969 so
2,937 51
Corporate Equities Not Included Above
-------·-------------------------------------------
1 Total net issues
2
Mutual fund shares
3
Other equities
4 Acq. by financial institutions
5 Other net purchases
11,303
2,551
8,752
15,685
915
14,770
15,015
-61
15,076
11,574
61
11,513
5,529
722
4,807
9,962
-92
10,054
11,383
-1,977
13,360
6,734
967
5,767
1,993
-72
2,065
-3,764
382
-4,146
20,263
2,865
17,398
-4,831
3,717
-8,548
2
11,357
1�,217
21,386
12,835
6,784
11,559
9,154
11,533
12,271
19,700
24,503
25,753
4
2,229 -4,799 -10,278 -23,464 -4,240 -30,58.4 5
-54 -3,532 -6,371 -1,261 -1,255 -1,597
----------------------------------------------------
Line notes: C1): Page 2 line 1. C6l: Includes farm and commercial mortgages.
C12>:
Credit market funds raised by federally sponsored credit agencies and
net issues of federally related mortgage pool securities.
(14): Line 1 less
line 2 plus lines 12 and 13.
Also line 21 less line 28 plus line 34.
Also sum of lines 29 and 48 less lines 41 and 47. (19): Includes farm and
commercial mortgages.
(27): Line 40 less lines 41 and 47. C28l: Excludes
equity issues and investment company shares. Includes line 20. (30): Foreign
deposits at commercial banks, plus bank borrowings from foreign branches,
and liabilities of foreign banking offices to foreign affiliates, net
of claims on foreign affiliates and deposits by banking in foreign banks.
(31):
Demand
deposits and
note
balances
at
commercial
banks.
(32):
Excludes investment of these reserves in corporate equities.
(33):
Mainly
retained
earnings and net miscellaneous liabilities.
(34): Line 14 less line 21 plus line 28. (35-39): Lines 15-19 less amounts
acquired by private finance plus amounts borrowed by private finance.
Line 39 includes mortgages. C41J: Mainly an offset to line 10.
(48): Lines
Line 2/
34 and 40. Also line 14 less line 29 plus lines 41 and 47. (49):
Clines 1 + 13>.
(50>: Line 21 / line 14.
(51): Line 11 plus line 30.
Corporate Equities:
C1-3>:
Includes issues by f1 nancial institutions.
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
DECEMBER 1988
Credit Market Supply of Funds
Credit Market Sup�ly-of Funds
8
Direct and Indirect Sources of Funds to Credit Markets
ANNUAL FLOWS, 198 2-87
ANNUAL FLOWS, 1982-87
1984
1982
----------------------
1986
1987
l 388,710 546,798 750,795 846,279 830,574
680,629
1983
1985
Total funds advanced in credit markets
to dom. nonfinan. sectors
By Federal a9encies and forei9n
2 112,845 117,773 157,612 193,055 304,197 256,341
3 21,446 29,011 38,866 37,903 69,416 68,183
4 61,049 76,114 56,451 94,637 160,324 153,207
807 -7,048 15,668 14,214 19,810 24,413
5
6 29,543 19,696 46,627 46,301 54,647 10,538
7 112,845 117,773 157,612 193,055 304,197 256,341
9,656 -11,466
9,655 17,081 16,773
15,936
65,537 69,805 74,253 95,538 177,337 180,645
19,429
24,650
18,413
8,409
14,659
7,681
10
11 23,691 23,654 57,869 62,331 97,775 62,512
8
9
12
13
64,874
15; 984
67,795
17,336
74,877 101,547 178,113 185,823
9,595
4,340
8,361
1,202
Total net advances, by type
u.s. 9overnment securities
Residential mort9a9es
FHLB advances to S&Ls
Other loans and securities
By type of lender:
U.S. 9overnment
Spons. credit a9.&mt9. pools
Monetary authority
Forei9n
A9ency and forei9n borrowin9 not in line 1:
Spons. credit a9.&mt9. pools
Forei9n
2
3
4
5
6
7
8
9
10
11
12
13
Private domestic funds advanced
14 356,723 514,156 676,421 755,973 714,085 614,451
15 204,410 225,422 234,913 286,249 324,114 262,247
16 44,224 53,744 50,399 136,370 30,792 34,498
17 14,712 14,542 35,127 40,835 84,051 86,462
18 -2,334 58,284 105,322 91,843 84,097 92,772
19 96,518 155,116 266,328 214,890 210,841 162,885
807 -7,048 15,668 14,214 19,810 24,413
20
Total net advances
U.S. 9overnmeht securities
Tax-exempt obli9ations
Corporate and forei9n bonds
Residential mort9a9es
Other 111ort9a9es and loans
Less: FHLB advances
14
15
16
17
18
19
20
Private financial intermediation
21 290,106 394,696 581,014 569,834
22 110,164 144,296 168,864 186,331
23 22,936 135,601 150,239 82,972
24 95,973 100,058 121,792 148,925
25 61,033 14,741 140,119 151,606
746,465
194,750
105,543
181,871
264,301
564,866
136,330
140,381
210,821
77,334
26 290,106 394,696 581,014 569,834 746,465 564,866
27 201,505 210,404 321,858 210,568 264,685 146,189
28 25,860 31,440 73,834 96,718 119,085 117,231
29 62,741 152,852 185,322 262,548 362,695 301,446
8,823 19,702 12,930 43,696
30 -32,297 14,562
1,683 -5,836
4,025 10,251
6,061 -5,343
31
32 114,672 114,953 123,968 131,865 144,269 174,978
33 -25,695 28,680 48,506 100,730 203,813 88,608
Credit market funds advanced
by private financial insts.
Commercial bankin9
Savin9s institutions
Insurance and pension funds
Other finance
21
22
23
24
25
26
Sources of funds
Private domestic dep. & RPs 27
Credit market borrowin9
28
Other sources
Forei9n funds
Treasury balances
Insurance and pension r_es.
Other, net
29
30
31
32
33
Private domestic nonfinancial investors
34
35
36
37
38
39
40
41
42
92,477 150,900 169,241 282,857 86,705 166,816
62,801 91,040 115,382 175,679 50,080 103,181
23,247 38,801 26,475 39,646 -13,628 46,054
2,387 32,574
5,114
-845
-3,004 -8,302
7,856
4,032 45,583 -2,992
-10,156 12,411
4,611
19,589 16,950 24,197 19,562 20,671
Direct lendin9 in er. markets 34
U.S. 9overnment securities
35
Tax-exempt obli9ations
36
Corporate and 'orei9n bonds 37
Open-market pi.per
38
Other
39
210,778 227,838 325,390 220,853 285,048 162,363
8,619 12,370 14,415 19,012
9,685 14,307
18,619 28,777 27,962 40,911 93,240 -2,380
Deposits and cyrrency
Currency
Checkable deposits
43 135,760 215,405 150,654 138,423 120,618
8,866 41,525
44 33,462 -38,967 48,958
7,732 -11,452
45 -2 ,40 l -8,297 84,325
46 16,065 13,486
9,959 14,636 20,754
47
5,948
3,127 -5,087 -2,085
-412
75,917
28,199
27,577
16,876
-2,838
48 303,255 378,738 494,631 503,710 371,753 329,179
49
50
51
27,884
81,325
-8,606
20,876
76,765
38,216
20,761
85,895
66,692
22,779 36,206 37,423
75,377 104,534 91,930
82,033 110,705 106,208
----------------------------
Corporate Equities Not Included Above
1
2
3
21,213
8,769
12,444
4
28,108
58,056 -35,995 20,087 93,871 13,303
27,224 29,340 84,379 161,834 72,303
30,832 -65,335 -64,292 -67,963 -59,000
Small time & sv9s. deposits
Money market fund shares
Lar9e time deposits
Security RPs
For�i9n deposits
15,795
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
45,568
48,504
22,622
43
44
45
46
47
Total of credit mkt. instrumenti, deposits, and currency 48
Public holdin9s as% of total 49
Pvt. finan. intermediation (%) so·
Total foreisn funds
51
Total net issues
Mutual fund shares
Other equi t1 es
1
2
3
Acq. by financial institutions
4
5
-6 ,895
7,699 -51,790 -25,481 45,367 -9,319
--5------------------------------------------------------------------------Other net purchases
50,357
40
41
42
Line notes: Cl): Pa9e 2 line 1. (6): Includes farm and commercial mort9a9es.
(12):
Credit market funds raised by federally sponsored credit a9encies and
Cl4l: Line 1 less
net issues of federally related mort9a9e pool securities.
11 ne 2 plus lines 12 and 13.
Also line 21 less line 2a plus 11 ne 34.
Also sum of lines 29 and 48 less lines 41 and 47. (19): Includes farm and
commercial mort9a9es.
(27): Line 40 less lines 41 and 47. (28): Excludes
equity issues and investment company shares. Includes line 20. (30): Forei9n
deposits at commercial banks, plus bank borrowin9s from fc�ei9n branches,
and liabilities of forei9n bankin9 offices to forei9n affiliates, net
of claims on forei9n affiliates and deposits by bankin9 in forei9n banks.
(31>:
Demand
deposits and
note
balances
at
commercial
banks.
Excludes investment of these reserves in corporate equities.
(32):
Mainly
retained
earnin9s and net miscellaneous liabilities.
(33):
(34): Line 14 less line 21 plus line 28.
(35-39): Lines 15-19 less amounts
acquired by private finance plus amounts borrowed by private finance.
Line 39 includes mort9a9es. (41): Mainly an offset to line 10.
C48l: Lines
34 and 40. Also line 14 less line 29 plus lines 41 and 47.
C49l:
Line 2/
Clines 1 + 13>.
C50l: Line 21 / line 14.
(51): Line 11 plus line 30.
Includes issues by financial inst1 tutions.
Corporate Equities:
C1-3 l:
DECEMBER 1988
Households
Households
9
Sector Statements of Savin9 and Investment
ANNUAL FLOWS, 1970-81
ANNUAL FLOWS, 1970-81
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
Households, Personal Trusts, and Nonprofit Or9anizations
l Personal income
2 - Personal taxes and nontaxes
831,816 894,041 981,5731101,7251210,1271313,3791451,3771607,4661812,3632033,9832258,5192520,928
116,221 117,257 141,977 151,956 171,755 170,597 198,732 228,125 261,134 304,662 340,546 393,344
2
Disposable personal income
3
715,595 776,784 839,596 949,7691038,3721142,7821252,6451379,3411551,2291729,3211917,9732127,584
4 - Personal outlays
657,865 710,466 778,222 860,798 941,6841038,1501156,8661288,6281441,0691611,2711781,0691968,135
5
Personal savin9, NIPA basis
57,730 66,318 61,374 88,971 96,688 104,632 95,779 90,713 110,160 118,050 136,904 159,449
6 + Credits from 9ovt. insurance
8,880
9,468 11,636 11,790 12,551 15,103 17,658 22,534 27,898 24,399 35,278 39,730
7 + Capital 9ains dividends
711
931
l, 774
2,696
923
636
485
776
944
1,420
219
470
8 + Net durables in consumption
19,906 25,748 34,792 41,208 29,899 28,381 42,909 53,306 58,783 53,994 31,917 37,366
3
4
5
6
7
8
9
10
11
+
Net savin9
Capital consumption
Gross savin9
87,439 102,310 109,222 142,913 139,623 148,335 15'6,816 167,189 197,552 197,374 205,873 239,241 9
82,319 90,201 97,377 106,5.67 120,828 137,106 151,657 169,015 190,344 215,204 243,638 264,363 10
169,758 192,511 206,599 249,480 260,451 285,441 308,473 336,_204 387,896 412,578 449,511 503,604 11
12 Gross investment
171,672 189,610 216,434 263,356 242,993 298,554 314,096 356,306 389,595 417,255
13
Capital expend. net of sales 119,405 140,873 164,170 183,396 180,396 193,876 237,517 284,225 327,703 356,068
14
Residential construction
28,081 37,270 46,418 52,072 49,828 51,895 68,861 92,155 113,951 128,663
15
Consumer durable goods
85,663 97,596 111,201 124,691 123,771 135,363 161,472 184,498 205,583 218,957
16
Nonprofit plant and equip.
8,448
5,661
6,007
8,169
6,797
6,551
6,633
6,618
7,184
7,572
17 Net financial investment
18
Net acq. of financial assets
19
Dep.
52,267
74,174
446,548
342,694
113,557
219,280
9,857
510,138
362,050
111,172
239,876
11,002
12
13
14
15
16
48,737 52,264 79,960 62,597 104,678 76,579 72,081 61,892 61,187 103,854 148,088 17
95,246 118,839 151,505 113,062 156,697 169,185 212,524 232,210 235,911 231,886 265,392 18
er. mkt. instr. (l)
53,405
70,951
85,050 102,004 100,014 105,946 132,451 154,587 172,256 215,749 188,586 227,817 19
20
21
22
23
24
Deposits
Checkable dep. & curr.
Small time & SV9S. dep.
Lar9e time deposits
Money mkt. fund shares
50,643
8,817
29,985
11,841
78,179
12,207
67,759
-1,787
85,488
13,307
70,262
1,919
74,381
12,652
39,528
22,201
63,075 84,093 119,376 120,760 120,893 132,315 152,483 185,301 20
6,06,0 32,929 21
6,277
5,496 13,736 17,033 19,091 32,745
37,230 96,624 116,189 95,490 65,958 59,779 82,504 47,505 22
17,189 -19,344 -10,539
9,195 39,390 14,125 23
8,480 29,851
2,379
1,317
5,993 30,596 24,529 90,742 24
-10
-243
25
26
27
28
29
30
Credit mkt. instruments
U.S. 9ovt. securities
Tax-exempt obl19at1ons
Corporate & f9n. bonds
Mort9a9es
Open-mar-ket paper
2,762 -7,228
-5,291 -11,493
-852
97
10,670 10,365
1,984 -2,564
-3,749 -3,633
-438
-2,678
2,255
3,533
1,021
-4,569
27,623
13,864
5,285
1,684
3
6,787
36,939 21,853
12,633 16,082
8,302
6,201
7,594
8,350
3,300
3,430
5,110 -12,210
13,075
2,400
1,238
11,124
3,713
-5,400
33,827
14,953
-3,277
1,121
6,794
14,236
2,036
-2, 765
1,128
-5,446
-12
-8,792
-1,032
-3,227
-730
-1,374
-405
-5,785
-2,359
1,867
1,083
5,760 31
721
.565 -1,008
-8,066 -13,089 -24,465 -10,953 -42,361 32
5,341
18,848
6,352
21,625
6,875
41,576
7,348
32,538
7,121
36,-588
8,084
63,837
8,785
47,857
9,534
69,026
&
Mutual fund shares
Other corporate equiti�s
31
32
33
34
·Life insurance reserves
Pension fund reserves
51,363
26,191
4,116
-3,916
9,993
14,979
11,190
83,832
83,434 36,103 42,516
55,490 21,041 34,827
6,677 10,544
10,227
-3,409 -13,006 -3,528
13,644 17,942 10,910
3,449 -10,237
7,482
25
26
27
28
29
30
9,203 33
9,735
10,700
91,134 108,768 108,708 34
35
36
37
Net inv. in noncorp. bus.
Security credit
Miscellaneous assets
-4,408
-867
2,584
-2,200
532
2,304
-8,662
136
2,668
11,225 -30,260 -19,307 -25,766 -20,226 -31,927 -65,221 -76,856 -48,360 35
-975
898
2,782
1,833
-156
9
5,882 -1,507 36
577
2,678
6,.601
7,189
5,641
3,750
6,939
5,452
2,805
6,132 37
38
39
40
41
42
Net increase in liabilities
Credit market instruments
Home mort9a9es
Installment cons. credit
Other consumer eredit
21,907
22,643
13,355
4,367
209
46,509
42,871
25,338
11,077
2,989
66,575
60,908
38,266
14,918
4,118
71,545
74,865
44,586
20,171
2,782
50,465
50,556
34,791
9,486
-493
52,019
49,537
38,220
6,809
1, i60
1,158
953
2,601
1,209
885
1,373
1,296
975
1,335
400
l,093
3,402
2,431
900
l,096
1,566
3,210
1,400
1,039
-1,251
2,160
2�000
848
-271
1,842
3,4:;0
1,107
2,723
2,330
2,600
1,326
4,103
3,808
2,900
1,503
2,607
6,380
3,100
1,927
5,296
8,816
4,400-43
2,295 44
6,038 45
11,056 46
-1,780
614
430
2,666
654
318
4,469
658
540
-4,337
617
400
-1,806
1,005
710
726
1,098
658
4,079
l,170
631
2,350
l,158
909
2,186
1,517
1,065
207
1,675
1,343
7,238
2,282
1,247
-1,027 47
2,665 48
1,783 49
-1,914
2,901
-5,623 -20,102
-1,699
-4,677
2,963
-6,534 50
43
44
45
46
Tax-exempt debt
0-t:her mort9a9es
Bank loans n.e.c.
Other loans
Security credit
Trade debt
Miscellaneous
47
48
49
.,so
Discrepancy
-9,835 -13,876
17,458 -13,113
92,606 140,443 170,318 174,724 128,032 117,304 38
86,726 136,026 165,550-171,499 117,265 113,883 39
59,420 89,747 108,583 117,630 95,496 73,189 40
19,995 34,971 41,043. 35,601
l,7<.9 13,485 4·1
4,087
881
2,892 . l,748
4,878
3,420 42
---------------·--
Cl> Excludes corporate ·equities.
Memoranda:
Net physical investment:
(Al Residential construetion
Expenditures
Mobile homes
Other
- Capital consumption
- Home mort9a9es
Excess net investment
28,081
2,254
25,827
13,492
13,355
1,234
37,270
3,068
34,202
14,943
25,338
-3,011
Consumer durables
Expenditures
- Capital consumption
Net investment
85,663
65,757
19,906
97,596 111,201 124,691 123,771 135,363 161,472 184,498 205,583 218,957 219,280 239,876 57
71,848 76,409 83,483 93,872 106,982 118,563 131,192 14,6,800 164,963 187,363 202,510 58
25,748 34,792 41,208 29,899 28,381 42,909 53,306 58,783 53,994 31,917 37,366 59
61
- Consumer eredit
Excess net investment
4,576
15,330
14,066
11,682
19,036
15,756
22,953
18,255
8,993
20,906
7,969
20,412
22,887
20,0�2
36,719
16,587
45,130
13,653
40,479
13,515
2,630
29,287
16,905 60
20,461 61
62
63
64
CC) Nonprofit plant and equip.
Expenditures
- Cap1tal consumption
= Net investment
5,661
3,070
2,591
6,007
3,410
2,597
6,551
3,746
2,805
6,633
4,132
2,501
6,797
5,056
1,741
6,618
5,715
903
7,184
6,111
1,073
7,572
6,683
889
8,169
7,427
742
8,448
8,319
129
9,857
9,323
534
11,002 62
10,415 63
587 64
13,971
8,067
13,115
8,537
14,464
7,309
13,792
9,367
14,193
9,311
12,989
9,155
13,692
7,646
14,191
6,576
14,408
7,101
14,978
6,826
15,078
7,137
15,603 65
7,494 66
23,402
24,460
24,230
25,919
24,771
24,647
24,274
23,971
24,552
23,513
22,992
23,207 67
16,460
17,899
12,101
5,909
5,447
19,254
13,937
7,807
7,143
19,054
15,740
7,433
7,778
17,157
10,753
4,799
4,808
16,740
13,530
4,491
4,277
18,690
13,313
7,287
6,824
20,265
15,153
10,013
9,698
20,742
14,698
10,780
10,478
20.292
13,444
9,957
9,773
17,528
11,861
6,548
5,998
16,684
12,229
5,405
5,248
51
52
53
54
55
56
57
58
59
,o
(8)
46,418 52,072
4,220
3,820
42,598 47,852
17,222 18,952
38,266 44,586
-9,070 -11,466
49,828 51,895 68;861 92,155
3,103
2,357
3,032
3,913
46,725 49,538 65,829 88,242
21,900 24,409 26,983 31,140
34,791 38,220 59,420 89,747
-6,863 -10,734 -17,542 -28,732
113,951
<.,447
109,504
36,117
108,583
-30,749
128,663 113,557 111,172 51
4,338
4,902
4,695 52
123,761 109,219 106,477 53
41,922 46,952 51,438 54
117,630 95,496 73,189 55
-30,889 -28,891 -13,455 56
Percent ratios:
65 Effect1ve tax rate
66 Savin9 rate, NIPA basis
Percent of disposable income adj. (2):
67 Gross savin9
68
69
70
71
Capital expenditures
Acquisition of finan. assets
Net increase in l1ab111ties
Credit market borrowin9
72 C2> Disposable income adj. =
(NlPA disposable income
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
+
10,2�5
3,019
3,121
68
69
70
71
725,398 787,028 852,652 962,503105 l,4081158, l041270,7731402,5111579,8381754,6511955,0252170,010 72
9ovt. insurance credits + capital 9ains divid.)
DECEMBER l988
Households
Households
Sector Statements of Saving and Investment
10
ANNUAL FLOWS, 1982-87
ANNUAL FLOWS, 1982-87
1982
1984
1983
1985
1986
1987
Households, Personal Trusts, and Nonprofit Organizations
12670,7502838,5753108,7503325,3503531,0753780,000
2 409,325 410,475 440,150 486,650 511,400 570,325
32261,4252428, l 002668,6002838,7003019,6 753209,675
42 l 07,4752297,4752504,5252713,3002897,9753 l 05,525
5 153,950 130,625 164,075 125,400 121,700 104,150
6 43,891 53,485 63,921 72,253 78,680 74,943
4,895 17,464 22,412
6,019
4,392
2,350
7
8 37,247 62,701 98,812 117,628 125,957 116,500
9 237,438 251,203 332,827 320,176 343,801 318,005
10 280,913 295,297 309,394 332,303 361,699 390,118
11 518,351 546,500 642,221 652,479 705,500 708,123
12 545,103 604,436 680,768
13 354,980 4S6,525 506,184
14 89,886 133,225 155,43ft
15 252,650 289,100 335,550
16 12,444 14,200 15,200
654,726
548,885
161,432
372,225
15,228
704,700
608,550
185,897
406,525
16,128
743,627
645,557
205,408
421,850
18,299
17 190,123 167,911 174,584 105,841 96,150 98,070
18 280,144 365,797 404,464 411,198 391,685 348,392
19 225,492 267,167 382,000 314,761 210,554 259,433
Personal income
- Personal taxes and nontaxes
=
=
+
+
+
Disposable personal income
Personal outlays
Personal saving, NIPA basis
Credits from govt. insurance
Capital gains dividends
Net durables in consumption
1
2
3
4
5
6
7
8
= Net saving
+ Capital consumption
= Gross saving
9
l0
11
Gross investment
Capital expend. net of sales
Residential construction
Consumer durable goods
Nonprofit plant and equip.
12
13
l'4
15
16
17
Net financial investment
Net acq. of financial assets 18
Dep. & er. 111kt. instr. (1) 19
20 169,867 180,099 273,979 150,328 207,663 127,760
9,733
21 22,135 26,082 21,749 24,037 84,906
22 134,299 210,077 153,234 143,791 120,374 71,677
23 -19,414 -24,971 54,947 -29,611 -31,837 17,470
24 32,847 -31,089 44,049 12,111 34,220 28,880
Deposits
Checkable dep. & curr.
Small time 8 svgs.dep.
Large time deposits
Honey mkt. fund shares
20
21
22
23
24
87,068 108,021 164,433
2,891 131,673
51,347 87,176 79,871 -6,823 87,818
37,564 25,549 40,004 -16,429 43,017
-8,302
2,387 32,574
-845
5,114
718
1,518
5,140 -10,387
3,094
5,741 -5,377 39,077 -11,571
6,111
Credit mkt. instruments
U.S. govt. securities
Tax-exempt obligations
Corporate & fgn. bonds
Hort9ages
Open-market paper
25
26
27
28
29
30
25 55,625
26 46,058
27 22,937
28 -3,004
29
9,702
30 -20,068
Mutual fund shares
Other corporate equities
31
32
5,202 10,717 17,515 26,046
7,993
7,172
33
34 140,875 151,180 152,455 174,849 175.138 170,352
life insurance reserves
Pension fund reserves
33
34
35 -91,382 -79,634 -86,518 -89,161 -76,177 -97,772
Net inv. in noncorp. bus.
Security credit
Miscellaneous assets
35
36
37
Net increase in liabilities
Credit market instruments
Home mortgages
Installment cons. credit
Other consumer credit
38
39
40
'41
42
6,975 24,007 23,968 68,465 147,776 79,759
31
32 -18,887 -22,914 -75,624-103,436-121,647 -99,578
36
37
38
39
40
41
42
3,109
6,790
1,016
1,965
2,719
15,279
13,478
21,525
8,964
29,562
-6,816
16,968
90,021 197,886 229,880 305,357 295,535 250,322
83.�86 186,107 231,495 283,604 286,110 261,505
46,398 116,362 134,692 153,258 210,914 220,823
14,826 44,105 75,011 76,981 54,866 42,292
-452 -1,574
5,521
6,637
4,859
1,566
43
44
8,500
2,647
2,601
7,448
11,400
2,489
3,621
3,271
10,171
2,451
-401
2,93'4
30,163
'47
'48
2,845
2,397
793
9,431
1,764
584
-2,405
1,781
-991
19,443
2,209
101
8,200 -15,302
2,549
2,911
-1,324
1,208
50 -26,752 -57,936 -38,547
-2,247
800 -35,504
45
46
,.,
2.402
6,944
8,335
-------------------
-2,192
2,354
13,972
6,648
-964
2,306
-4,318
2,940
Tax-exempt debt
Other mortgages
Bank loans n.e.c.
Other loans
Security credit
Trade debt
Miscellaneous
Discrepancy
43
44
45
46
47
48
49
50
(1> Excludes corporate equities.
Memoranda:
51 89,886
52
4,576
53 85,310
54 54,264
55 46,398
56 -10,776
133,225
6,109
127,116
57,031
116,362
-40,168
155,434
6,233
149,201
59,988
134,692
-39,246
161,432
6,081
155,351
64,358
153,258
-56,184
185,897
5,329
180,568
67,051
210,914
-92,068
205,408
5,339
200,069
70,001
220,823
-85,416
57 252,650 289,100 335,550 372,225 406,525 421,850
58 215,403 226,399 236,738 254,597 280,568 305,350
59 37,247 62,701 98,812 117,628 125,957 116,500
Net physical investment:
<A> Residential construction
Expenditures
Mobile homes
Other
- Capital consumption
- Ho111e mortgages
= Excess net investment
(B> Consumer durables
Expenditures
- Capital consumption
• Net invest111ent
51
52
53
54
55
56
57
58
59
60
61
16,392
20,855
48,964
13,737
81,648
17,164
82,502
35,126
54,414
71,543
40,718
75,782
- Consumer credit
= Excess net investment
60
61
62
63
64
12,44 4
l 1,246
1,198
14,200
11,867
2,333
15,200
12,668
2,532
15,228
13,348
l,880
16,128
14,080
2,048
18,299
14,767
3,532
(C> Nonprofit plant and equip.
Expenditures
- Capital consumption
= Net investment
62
63
64
65
66
15,326
6,807
14,460
5,379
14,158
6,148
14,634
4,417
14,482
4,030
15,087
3,244
67
22,462
23,451
22,376
22,642
21,412
17,559
14,714
7,960
7,486
Gross savins
67
:�
70
71
15,382
12•139
3,900
3 ,639
21,983
18,483
18,824
19,530
12,570
9,484
9,182
19,520
10,534
7,569
7,907
Capital expenditures
Acquisition of finan. assets
Net increase in liabilities
Credit market borrowing
68
69
70
71
Percent ratios:
72230 7,6662485,
65
66
Percent of disposable income adj. (2):
14,769
8,394
8,453
14,102
10,472
9,726
9772738,5402915 ,8483115,8193307,030
LIONS OF DOLLARS
forMIL
FRASER
Effective tax rate
Savins rate, NIPA basis
Digitized
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
72
(2) Disposable income adj.=
CNIPA disposable income+ sovt. insurance credits+ capital sains divid.)
DECEMBER 1988
Total and Noncorporate Business
Total and Noncorporate Busin1ss
11
Sector State111ents of Savin9 and Investment
ANNUAL FLOWS, 1970-81
ANNUAL FLOWS, 1970-81
1970
1971
1972
1973
1974
l Income before taxes
2 Gross saving
3 Gross investment
1976
1975
Nonf1nancial
1977
Business - Total
1980
1979
-----------
1978
1981
145,449 160,612 183,472 224,758 234,846 242,012 283,981 322,522 368,013 397,102 374,804 387,921
83,362 97,079 111,139 121,696 120,485 161,232 181,697 209,442 233,282 256,751 268,015 316,422
79,528
91,442 102,811
2
96,164 132,529 159,345 177,512 192,337 243,803 298,856 285,293 324,146
4 Capital expenditures
110,295 124,424 143,391 175,562 182,718 154,767 197,840 237,975 285,233 308,844 304,431 382,165 4
Fixed investment
106,849 115,938 132,002 152,798 160,793 159,070 177,849 214,234 254,623 291,129 307,763 353,310 5
5
Business plant & equipment 94,562 98,196 110,224 131,822 146,174 149,631 165,600 197,839 239,302 280,701 298,746 342,263 6
6
-301 -1,550 7
4,232
302
-88
6,545
3,097
2,458
l, l90
Home construction I l >
7
l,169
4,956
3,035
9,850 11,089 10,126
9,318 12,597 8
8
11,118 14,645 19,320 21,064 13,429
Multi-family residential
7,293
6,404
9
Change in inventories
7,769 10,477 19,596 15,435 -5,626 16,018 21,271 28,637 12,970 -8, 329 24,008 9
3,117
1,973
4,847 10
4,745
4,997
2,470
912
3,168
10
Mineral rts. from U.S. govt.
329
717
6,490
3,973
1,323
11 Net financial investment
12
13
14
15
16
17
18
19
20
21
22
Net acq. of financial assets
Net increase 1n l1ab1l1t1es
Corporate equit1es
Credit market instruments
Bonds
Mortgages
Barik loans n.e.c.
Other loans
Trade debt
Other liabilities
Proprietor net investment
23 Discrepancy
-30,767 -32,982 -40,580 -79,398 -so, 189
4,578 -20,328 -45,638 -41,430 -9,988 -19,138 -58,019 11
20,651 44,537 57,509 77,839 57,872 44,025 63,700 80,742 130,403 153,489 109,274 103,274 12
51,418 77,519 98,089 157,237 108,061 39,447 84,028 126,380 171,833 163,477 128,412 161,293 13
-101 -7,836 12,875 -11,450 14
5,694 11,435 10,922
7,883
4,097
2,727
9,908 10,524
46,026 50,153 66,513 88,347 94,.497 38,956 71,573 112,538 135,147 157,043 129,376 162,785 15
19,756 18,893 12,735 10,955 21,318 29,804 25,316 29,547 28,780 27,295 38,519 36,192 16
16,306 22,720 32,017 31,843 25,648 16,120 23,764 37,580 41,927 45,760 35,463 33,708 17
6,244 15,732 34,438 31,083 -12,238
5,217
5,307 23,587 36,169 45,909 31,177 42,027 18
2,296
4,747
6,029 11,111 16,448
5,270 17,186 21,824 28,271 38,079 24,217 50,858 19
-4,408
-2.200
11,698
6,433
23,556
5,760
-8,662
3,834
5,637
8,328
6,351
-2,245
41,023 30,110
7 °036 11,466 23,918 51,188 58,296 43,702 34,606 20
9,709 10,373
3,283 16,039
7,191 17,788 21,916 20,031 24,213 21
10,275 -31,016 -19, 736 -25,574 -19,994 -32,189 -65,942 -77,572 -48,861 22
25,532 -12,044
1,887
4,185
17,105 -10,521 -42,105 -17,278
-7,724 23
Farm Business
Proprietors' net income
w/IVA & CCAd:I.
2 Net saving I corporate>
3 Cap1 tal consumption
4
Corporate
Noncorporate
5
6 Current surplus " gross saving
14,741
15,449
19,390
33,692
27,517
25,411
20,579
20,489
27,025
31,746
20,527
30,657
8
5,631
295
5,336
5,639
15
5,942
318
5,624
5,957
172
6,605
363
222
6,777
599
7,228
405
6,823
7,827
8,308
480
7,828
8,530
547
9,789
595
9,194
10,336
444
10,771
688
10,083
11,215
291
12,099
806
11,293
12,390
902
13,557
932
12,625
14,459
915
15,343
1,086
14,257
16,258
467
17,591
1,284
16,307
18,058
223
19,363
1,448
17,915
19,586
5,639
7,387
6,575
806
6
5,957
9,141
6,888
855
1,398
6,777
9,276
7,396
1,018
862
7,827
14,082
9,764
911
3,407
8,530
11,211
11,088
1,735
-1,612
10,336
16,904
12,036
1,468
3,400
11,215
13,570
13,617
1,500
-1,547
12,390
19,088
15,863
2,144
l,081
14,459
20,870
16,495
2,130
16,258
26,235
19,542
1,648
5,045
18,058
14,138
17,664
2,402
-5,928
19,586 7
24,116 8
16,390 9
1,974 10
5,752 11
12 Net financial investment
Net acq. of financial assets
13
Checkable dep. & currency
Miscellaneous assets
Insurance receivables
Eq. in spons. ags. (2)
-1,748
604
115
489
438
51
-3,184
691
123
568
498
70
-2,499
936
262
674
584
90
-6,255
843
200
643
483
160
-2,681
594
-160
754
548
206
-6,568
997
70
927
691
236
-2,355
1,426
-63
1,489
1,265
224
-6,698
1,814
88
1,726
1,479
247
-6,411
2,067
102
1,965
1,694
271
-9,977
2,072
147
1,925
1,515
410
3,920
l,973
106
1,867
1,308
559
-4,530
1,854
114
1,740
1,107
633
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
Fed. Int. Credit Banks
2,613
1,139
827
647
-52
699
2,352
3,875
4,704
2,617
1,345
742
47
695
3,435
5,257
2,980
1,814
463
36
427
7,098
8,812
4,445
2,859
1,508
406
1,102
3,275
7,923
5,130
1,071
1,722
72
1,650
7,565
8,806
4,920
l,963
1,923
776
l,147
3,781
10,0l7
8,512
13,759
8,537
2,499
8,478
16,255
8,808
2,482
4,965
3,507
1,458
12,049
23,508
13,977
-1,947
15,754
10,732
533
4,489
2,635
1,854
6,384
16,316
9,744
1,354
5,218
3,394
1,824
18
19
20
21
25
26
Trade debt
Proprietor net investment
-368
107
149
-978
543
-2,365
123
-1,837
223
-4,871
459
-1,700
802
-7,028
7 Gross investment
8 Capital expenditures
9
Plant and equipment
10
Residential construction
Change in inventories
11
14
15
16
17
6,242
5,522
3,031
1,454
137
1,317
2,723
1,276
1,447
882
-6, 129
2,245
2,822
6,709
3,382
3,327
2
3
4
5
6
22
23
24
1,616
l,162
865 25
1,027
-9,393 -12,621 -18,728 -10,797 26
-----------------
Nonfarm Noncorporate Business
1 Net income w/ IVA and CCAd:I
2 Gross svg. = capital consump.
73,765
14,971
79,692
16,426
87,594
17,989
94,967 100,399 108,078 125,550 141,926 159,780 170,490 172,918 175,845
19,965 22,677 26,107 28,514 31,945 36,564 42,935 49,850 57,359
l
2
3 Gross investment
4 Capital expenditures
Fixed capital
5
Plant and equipment
6
7
Home construction (1)
8
Multi-family residential
9
Change in inventories
14,971
23,695
23,345
13,502
183
9,660
350
16,426
30,169
29,444
14,655
1,121
13,668
725
17,989
39,139
37,639
16,582
720
20,337
1,500
19,965
42,492
40,067
19,825
-500
20,742
2,425
3
4
5
6
7
8
9
22,677
32,931
31,506
18,491
-273
13,288
1,425
26,107
25,609
24,984
17,269
783
6,932
625
28,514
27,350
27,300
18,316
l,728
7,256
50
10 Net financial investment
11
Net acq. of f1nancial assets
12
Checkable dep, & currency
13
Time deposits
14
U.S. govt. securities
15
Consumer credit
16
Mortgages
Trade credit
17
18
Miscellaneous assets
19
Insurance receivables
20
Equity in spons.ags. 12)
21
Other
-8,724 -13,743 -21,150 -22,527 -10,254
1,319
4,799
6,484
6,287
7,169
349
399
1,400
1,613
1,571
1,600
1,600
55
200
83
200
200
122
-100
325
28
-82
400
108
285
1,175
1,125
-1,487
1,742
1,856
1,500
647
684
946
l,726
2,794
2,994
669
781
986
965
982
15
34
20
13
12
2,000
741
-74
2,000
498
1,883
537
304
36
42
-141
803
302
1,232
41
-971
l,164
8,812
1,963
1,402
241
272
899
838
3,197
2,057
73
1,067
22
23
24
25
26
27
10,043
14,975
14,288
145
6,874
7,269
20,912
19,522
17,600
897
7,813
8,890
27,634
29,776
26,276
576
9,920
15,780
28,814
11,094
1,851
-400
7,901
-5,650
15,053
35,740
24,485
-218
5,499
19,204
1,385
16,979
11,514
627
-342
11,229
-358
1,045
908
1,014
1,037
1,052
2,448
1,452
4,980
4,263
1,496
7,341
3,914
1,560
1,692
3,773
1,057
-417
-425
2,000
-1,222
703
2,000
-6,297
Net increase in liabilities
Credit market instruments
Mortgages
Home mortgages
Multi-family
Commercial
28
29
30
Bank loans n.e.c.
Other loans
Other taxes payable
31
32
33
Trade debt
Miscellaneous l1ab111ties
Proprietor net investment
-4,515
36,564
47,366
43,916
32,869
993
10,054
3,450
42,935
44,312
46,187
37,936
-673
8,924
-1,875
49,850
46,594
49,719
42,899
-1,351
8,171
-3,125
-7,337 -10,802
16,363 20,669
2,616
3,191
2,637
3,395
897
772
181
-505
2,605
1,358
4,147
5,322
5,203
5,213
2,885
2,514
127
44
2,655
2,191
-1,377
21,659
2,762
5,747
-379
145
2,887
3,416
7,081
2,888
112
4,081
3,256 -14,159 10
8,889
4,398 11
2,145 12
2,774
2,962 10,462 13
734 14
-241
18 15
-62
1,216
8,122 16
4,376 17
1,618
622 -21,459 18
2,474
2,055 19
81 20
112
-1,964 -23,595 21
7,648
21,429
11,685
1,383
3,833
6,469
23,700
32,080
16,725
1,760
6,413
8,552
31,471
47,918
24,172
795
8,239
15,138
23,036
65,550
42,208
-538
7,576
35,170
5,633
55,785
41,655
919
6,584
34,152
2,674
7,070
l,183
6,039
9,316
1,086
13,256
10,490
1,080
13,166
10,176
2,844
6,452
7,678
2,533
2,201
9,151
2,950
57,359
71,518
64,943
55,096
-1,763
11,610
6,575
18,557
44,358
19,286
590
6,084
12,612
22
23
24
25
26
27
14,200 28
10,872 29
-1,584 30
2,492
414
2,573
l,708
l,732
1,556
6,182
5,114 31
4,709
1,539
1,406
971
1,874
3,537
2,843
l,781
1,450
8,733 32
12,112 -26,145 -18,036 -18,546 -13,865 -22,796 -53,321 -58,844 -38,064 33
Ill Farm plus nonfarm change in work 1n process.
Banks for Cooperatives, and Federal Land Banks.
(2) Shares in FICBs,
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
31,945
39,282
36,332
24,980
DECEMBER 1988
Total and Noncorporate Business
Total and Noncorporate Business
12
Sector Statements of Saving and Investment
ANNUAL FLOWS, 1982-87
1982
1983
ANNUAL FLOWS, 1982-87
1984
1985
1986
1987
Nonfinancial
Business - Total
----------------
1 327,517 376,065 457,599 455,727 487,573 556,658
2 327,040 372,827 426,819 445,644 451,944 452,907
Income before taxes
Gross saving
3 331,959 338,310 436,950 421,747 414,044 415,423
Gross invest111ent
4
5
6
7
8
9
10
4
Capital expenditures
5
Fixed investment
Business plant & equipment 6
7
Home construction ( 1 J
8
Multi-family residential
Change in inventories
9
Mineral rts. from U.S. govt. 10
335,477 343,289 472,400 433,902 429,815 447,178
352,236 342,579 396,798 418,201 407,071 405,017
337,084 323,273 371,363 391,169 376,848 383,991
1,268
2,548
2,871
1,261
3,323
1,524
11,829 17,782 22,887 25,771 28,955 18,155
-24,550 -7,075 67,700 11,325 15,550 39,225
2,936
7,902
7,194
4,376
7,791
7,785
11 -3,518 -4,979 -35,450 -12,155 -15,771
12 54,391 149,132 180,304 134,385 165,525
13 57,909 154,111 215,754 146,540 181,296
14
6,400 23,500 -74,475 -81,500 -80,750
15 121,913 140,112 293,071 247,268 285,126
16 33,809 25,457 66,671 96,353 111,375
17 39,117 68,999 85,648 86,530 95,322
18 47,776 19,531 67,481 31,688 55,355
1,211 26,125 73,271 32,697 23,074
19
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
-31,755
111,538
143,293
-76,500
240,840
99,026
88,496
13,101
40,217
Trade debt
Other liabilities
Proprietor net investment
9,475 37,002 37,585 39,158
7,737 22,161
20
21 12,831 34,005 47,731 32,795 48,990 53,110
22 -92,710 -80,508 -88,158 -91,181 -79,807 -96,318
-4,919
34,517 -10,131
23,897
37,900
37,484
----------------------------------------------------------23
1
2
Discrepancy
11
12
13
14
15
16
17
18
19
20
21
22
23
Farm Business
36,425
42,975
639
929
20,500
1,506
18,994
21,429
Proprietors' net income
w/IVA & CCAd:).
Net saving (corporate)
Capital consumption
Corporate
Noncorporate
Current surplus • gross saving
24,575
12,450
30,450
30,225
2
3
4
5
6
497
20,455
1,557
18,898
20,952
578
22,400
1,604
20,796
22,978
668
22,500
1,614
20,886
23,168
857
22,000
1,583
20,417
22,857
7
8
9
10
11
20,952
13,805
13,213
2,042
-1,450
22,978
4,146
10,100
1,521
-7,475
23,168
20,102
10,400
2,552
7,150
22,857
7,361
8,800
1,886
-3,325
21,839
7,552
8,191
1,236
-1,875
21,429
9,784
9,464
1,820
-1,500
Gross investment
Capital expenditures
Plant and equipment
Residential construction
Change in inventories
7
8
9
10
11
12
13
7,147
1,806
130
1,676
1,289
387
18,832
1,267
146
l,121
1,019
102
3,066
239
162
15,496
2,668
178
2,490
2,774
-284
14,287
3,233
194
3,039
3,618
-579
11,645
2,383
210
2,173
2,637
-464
Net financial investment
Net acq. of financial assets
Checkable dep. & currency
Miscellaneous assets
Insurance receivables
Eq. in spons. ags. (2)
12
13
14
15
16
17
18 -5,341 -17,565
19
6,703
3,896
4,083
20
2,410
21
3, 21 S
2,792
22
-595 -1,306
43
23
237
24
-832 -1,349
-2,8:'7 -12,828 -11,054 -9,262
-380 -14,509 -16,261 -11,218
-1,.!37 -6,572 -9,499 -6,398
�80 -4,400 -4,267 -2,187
-123 -3,537 -2,495 -2,633
-166
-373
1,100
389
-1 ,223 -3,926 -2,329 -2,260
Net increase in Uab111ties
Credit market instruments
Mortgages
Bank loans n.e.c.
Other loans
U.S. government
Fed. Int. Credit Banks
18
19
20
21
22
23
24
25
-1,139
-1,308
Trade debt
Proprietor net investment
25
26
l 173,143 204,095 231,100 255,175 278,525 303,440
2 63,767 64,181 67,383 70,502 72,636 78,688
Net income w/ IVA and CCAd'
Gross sv9. • capital consump.
1
2
3
4
3
4
5
6
7
8
9
14
15
16
17
26
-727
356
-12,400 -20,734
77
15
62
-256
1,937
21,200
1,542
19,658
21,839
186
5,021
574
1,382
2
3
4
5
6
--------------------------------
Nonfarm Noncorporate Business
5
6
7
8
9
63,767
65,212
67.)37
55,855
641
l C. 64 I
-1. 925
10 -J.445
ll
5 -590
12
3,543
13
3,375
14
-54
15
52
16
4,622
17
l - 581
18 -L-529
19
2,028
20
29
21 -15, 586
22
23
24
25
26
27
28
29
30
72,636
90,767
80,317
52,652
16
27,649
10,450
78,688
76,422
70,522
52,899
526
17,097
5,900
Gross investment
Capital expenditures
Fixed capital
Plant and equipment
Home construction Cl)
Multi-family residential
Change in inventories
-4,273 -14,291 -13,739 -18,131
32,786 47,977 38,760 39,465
8,220
9,000
4,812 11,471
13,646 13,342 11,529 13,000
2,779
600
-542
273
667
410
318
396
4,344 10,006
3,228
4,672
6,795
6,489
3,200
4,105
-3,665 13,474
6,392 10,027
-4,561 11,037
4,809
3,804
-24
-62
20
-28
920
2,417
5,280
2,616
2,266
33,521
6,500
9,500
600
385
3,328
3,200
10,008
6,046
-38
4,000
Net financial investment
Net acq. of financial assets
Checkable dep. & currency
Time deposits
U.S. govt. securities
Consumer credit
Mortgages
Trade credit
Miscellaneous assets
Insurance receivables
Equity in spons.ags. (2)
Other
64,181
68,454
68,604
52,041
2
16,561
-150
67,383
81,674
72,774
51,575
-2
21,201
8,900
70,502
84,241
75,94 l
51,790
-312
24,463
8,300
7, 0.35 37,059 62,268 52,499 57,596 31,255
71,822 81,853 123,161 129,332 127,562 115,789
64,987 62,975 84,202 103,003 100,000 88,000
6,Sl2
4,001
3,750
421
1,999
13
12,054 l? ,284 26,957 33,924 33,014 23,598
46,421 41.690 55,246 65,329 66,973 63,981
2,491
,, ,344
1,491
7,546
l 1,332
1,846
20,848
18,111
1,070
14,158
12,171
3,445
16,333
11,229
2,400
10,662
17,127
1,600
31
3,i62
3,566
4,462
464
5,697
5,375
32 10,270 12,670 19,190
7,465
8,000
8,000
33 -80,310 -59,774 -86,850 -93,118 -84,828 -97,700
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Net increase in liabilities
Credit market instruments
Mort9ages
Home mortgages
Multi-family
Commercial
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
Bank loans n.e.c.
Other loans
Other taxes payable
28
29
30
Trade debt
Miscellaneous liabilities
Proprietor net investment
31
32
33
Cl) Farm plus nonfarm change in work in process.
C2) Shares in FICBs, Banks for Cooperatives, and Federal Land Banks.
DECEMBER 1988
Nonf1 nancial Corporate Business
Nonfinancial Corporate Business
13
Sector Statements of Saving and Investment
ANNUAL FLOWS, 1970-81
ANNUAL FLOWS, 1970-81
1970
1971
1972
----------------------
1973
1975
1974
1976
1978
1977
---------
1979
Nonfinancial Corporate Business, Excluding Farms
l Profits before tax (book>
2 - Profit tax accruals
3 - Domestic net dividends
Domestic undist. profits
4
5
6
7
8
+
+
+
+
76,488
33,646
24,721
18,093
96,099 106,930 108,523 137,852 160,107 181,208 194,866 181,359 181,419
39,896 42,018 41,230 52,748 59,683 66,804 69,278 66,662 63,633
27,405 30,844 30,935 36,050 41,977 47,552 54,119 60,974 67,592
28,812 34,068 36,361 49,054 58,447 66,852 71,469 53,721 50,192
l
2
3
4
4,953
49,857
3,775
5,369
1,387 -6,908 -10,500 -9,361 -11,333 -14,043 -16,099 -13,848
5,444
60,111 65,223 76,301 91,878 102,301 114,321 129,844 149,609 171,262 198,782
8,426 10,290 10,497 15,110 15,666 14,513
9,274
6,425
6,330
4,700
88,348 105,829 121,030 127,661 149,281 173,697 195,860 222,145 224,550 249,639
5
66,144
4,123
54,783
4,475
76,122
3,160
-6,552
62,752
3,158
-4,584
74,696
7,705
8,047 11,697 18,588 18,686 14,027 9
7,598
8,097
4,635
8,080
-6,610 -20,022 -39,457 -10,952 -14,911 -16,637 -25,298 -43,175 -43,129 -24,189 10
86,373 93,904 89,278 124,789 141,968 165,107 182,259 197,558 200,107 239,477 11
69,059
78,045 68,372 101,322 122,902
94,976 118,988 138,576 112,254
85,949 102,056 116,464 120,582
86,246 102,233 116,595 120,326
784
-272
-499
720
-528
141
-1,017
322
8,115 13,764 15,622 -9,651
1,323
6,490
912
3,168
22,276
7,559
9 + Fgn. earnings ret. abroad
10
11
65,471
29,849
22,903
12,741
56,943
27,112
Capital consu111pt1 on adj.
Depreciation charges, NIPA
Earnings rec. from abroad
u.s. internal funds, book
Inv. valuation adjustment
Total internal funds + IVA
12 Gross investment
13 Capital expenditures (1)
Fixed investment
14
15
Plant and equipment
Home construction
16
Multi-family residential
17
Inventory change + IVA
18
Mineral rts. from U.S. govt.
19
58,918
79,213
76,123
74,485
180
1,458
2,761
329
85,114
78,751
76,653
1,121
977
5,646
717
-20,295 -16,055 -16,931 -50,616 -37,254
20 Net financial investment
Net acq. of financial assets 18,728 36,677 50,089 70,709 52,479
21
22
23
24
25
26
27
28
29
30
Liquid assets
Checkable dep. and curr.
Time deposits
Money mkt. fund shares
Security RPs
Foreign deposits
U.S. govt. securities
Tax-exempt obligations
Commercial paper
1981
--------------
1980
137,783
156,920
135,432
133,667
1,728
37
17,515
3,973
148,002
179,605
159,895
156,996
2,200
699
17,240
2,470
192,780
216,997
191,967
189,938
994
1,035
23,057
1,973
6
7
8
239,663 217,385 247,201 12
238,297 243,699 286,531 13
223,752 237,978 270,003 14
223,223 238,183 270,777 15
-673 -1,352 -1,761 16
1,202
l,147
987 17
9,800
724 11,681 18
4,745
4,997
4,847 19
10,648 -19,137 -31,603 -24,217
l,366 -26,314 -39,330 20
41,145 53,462 62,565 107,667 129,758 98,412 97,022 21
1,695
486
937
9,325
-1,4 78
4,162
9,196
2,357
2,381
12,945
1,377
4,733
6,026
1,151
3,841
19,763
6,155
1,887
14,608
2,438
-3,077
-375
170
-625
1,761
843
436
2,476
1,000
1,886
1,611
938
-2,051
1,000
2,960
8,574
l,157
-3,400
-137
641
-5,777
-200
2,269
616
4,126
-754
826
8,715
-173
3,107
551
970
-50
14,094
12,338
6,457
3,280
3,177
688
-1
26,402
13,804
5,744
1,214
4,530
235
39,041
17,261
10,130
1,974
8,156
1,227
356
310
32,520
13,267
8,936
1,160
7,776
6,191
1,851
18
1,960
19
5.152
2,127
17
2,187
10
-1,353
2,317
1,669
2,140
-1,062
5,044
4,802
200
1,208
1,301
-6,395
49
-144
18,680
4,417
1,959
410
7,973
1,993
1,512
190
226
8,499
-7,389
2,203
2,390
2,614
5,143
1,567
29
1,942
25,682
6,762
4,476
3,993
9,572
2,819
5,596
-197
-7,339
23,941
-9,698
9,905
11,423
5,007
-1,658
1,513
-20
7,469
22
23
24
25
26
27
28
29
30
3,157
-74
3,367
14,932
14,048
6,001
8,047
1,829
-32
18,781
18,276
11,633
3,938
7,695
882
-129
36,440
21,509
11,508
5,114
6,394
1,417
-176
56,355
31,391
16,093
4,359
11,734
1,080
350
69,934
49,895
26,825
7,609
19,216
268
273
48,187
24,002
23,556
4,917
18,639
284
256
24,763
47,778
12,585
-526
13,111
31
32
33
34
35
36
37
2,227
3,381
37
4,409
79
5,513
5,582
42
9,674
5,534
52
17,484
4,670
9
-4,233
31,492 40
2,062
3,863
2,842
9,186
37
Consumer credit
Mutual fund shares
Trade credit
Miscellaneous assets
Foreign dir.invest.(2,5)
Equity, etc.
Retained earnings
38
39
40
Insurance receivables
Equity in sponsored ags.
Other
111
1,411
1,047
23
4,811
39,023
34,132
5,694
52,732
37,362
11,435
67,020 121,325
42,402 76,324
7,883
10,922
89,733
54,931
4,097
30,497
23,079
9,908
72,599
50,661
10,524
94,168 131,884 128,392 124,726 136,352 41
69,426 70,873 60,149 70,712 90,661 42
-101 -7,836 12,875 -11,450 43
2,727
28,438
25,927
19,756
18,807
86
31,480
548
12,187
68,441
1,796
9,159
50,834
1,648
19,670
27,204
13,171
2,600
40,137
2,485
22,831
6,670
22,877
145
l, 198
879
2,761
576
2,786
-601
25,547
-400
2,457
23,490
-3,967
-218
1,412
-5,161
-314
627
308
-1,249
6,557
1,383
l,152
4,022
12,318
1,760
-464
2,503
897
1,921
-315
4,748
3,991
12,866
l,777
808
177
293
-886
529
671
226
721
53
2,103
241
26,599
32
1,414
1,064
22,671 -15,893
221
72
4,131 -2,897
333
2,511
2,420
1,860
206
1,529
-398
170
1,433
2,585
4,291
183
15,049
150
1,639
1,277
6,749
-30
20,431
256
2,691
2,454
5,727
1,688
29,921
1,987
9,019
3,934
5,060
l,194
-3,709
7,136
1,464
1,030
3,028
11. 974
368
-173
1,360
22,310
948
382
2,646
27,395
4,761
3,698
1,063
-1,348
6,163
2,603
1,416
1,187
8,636
8,956
4,346
2,688
1,658
-466
21,480
3,728
2,143
1,585
5,319
47,840
7,852
5,314
2,538
5,478
50,952
11,813
3,834
5,637
8,328
25,532 -12,044
1,887
4,185
17,105 -10,521 -42,105 -17,278
31
32
33
34
35
36
41
42
43
Net increase in liabilities
Net funds raised in mkts.
Net new equity issues
Debt instruments
Tax-exempt debt (3)
Corporate bonds (2)
47
48
49
Mortgages
Home mortgages
Multi-family
Commercial
51
Bank loans n.e.c.
Loans from foreign
Commercial paper
Accept. liabs. to bks.
Nonbank finance loans
U.S. government loans
52
53
54
55
56
57
58
59
60
61
Profit taxes payable
Trade debt
Fgn.dir.investmt.in U.S. C5
Equity, etc.
Retained earnings
62 Discrepancy
63
64
65
66
67
68
69
70
6,768
3,591
3,177
896
44
45
46
50
-22
8,527
434
541
566
2,482
348
3,874
38,327
2,800
1,891
909
-------------------
3,225
66,699
2,023
8,535
70,974
7,664
21,116
67,985
9,987
17,308
---------------------
3,891
-
39
57,837 102,111 44
10,864 13,431 45
27,655 22,761 46
8,947 -10,425 -16,924
795
-538 -1,081
2,690
2,429
1,016
5,462 -12,316 -16,859
7,922
3,701 38
4,678
-1,410
-1,240
7,328
47
48
49
24,192
1,311
3,968
3,234
2,069
1,468
26,473
8,896
14,696
4,372
5,609
1,195
52
53
54
733
37,966
15,315
11,740
3,575
-8,232 57
50
51
55
56
28,627 58
25,296 59
22,251 60
3,045 61
--------------------
-7,724 62
Memorandum items:
8,515 18,982 10,221 -3,864 63
5,125 -2,796
9,825 14,960
1,391
714
2,120
Trade credit net of trade debt
4,092
30,324 27,676 33,418 37,698 41,667 42,655 45,515 60,223 64,041 68,165 69,103 70,961 64
Profits tax payments
Debt subtotals:
20,635 21,396 15,496 36,502 17,351 29,490 31,873 41,865 37,727 16,870 21,595 40,870 65
Securities and mortgages
8,264 24,834 33,247 51,115 36,242 61,241 66
7,803
4,531 15,984 31,939 33,483 -16,319
Loans and short-term paper
11,230 19,533 39,654 74,140 63,524 -11,504 25,856 45,848 86,406 107,545 74,941 81,636 67
Total short-term liab. (4)
Percent ratios:
47,612 45,591 43,988 41,515 39,294 37,991 38,264 37,276 36,865 35,551 36,756 35,075 68
Effective tax rate
Capital outlays/internal funds 126,231 113,947 109,960 126,712 155,218 89,955 110,531 108,780 119,059 120,621 121,784 119,648 69
35,900 30,461 33,145 57,519 36,683 11,733 25,577 37,136 32,707 28,529 23,732 35,636 70
Cr. mkt. borrowin9/cap. exp.
-------------
(l> Capital outlays on book basis:
2,761
71 In\entorY change, NIPA
-6,552
72 Less: Inv. val. adjustment
9,313
73 = Inventory change before IVA
5,646
-4,584
10,230
----------
------------
9,800
724 11,681 71
8,115 13,764 15,622 -9,651 17,515 17,240 23,057
-6,610 -20,022 -39,457 -10,952 -14,911 -16,637 -:5,298 -43,175 -43,129 -24,189 72
1,301 32,426 33,877 48,355 52,975 43,853 35,870 73
14,725 33,786 55,079
85,765 89,698 101,586 139,010 178,033 123,206 171,831 196,242 242,295 281,472 286,828 310,720 74
74 Total cap. expend. before IVA
66,144 76,122 88,348 105,829 121,030 127,661 149,281 173,697 195,860 222,145 224,550 249,639 75
75 Less: US internal funds, book
= Financing gap: Excess of capital expenditures
19,621 13,576 13,238 33,181 57,003 -4,455 22,550 22,545 46,435 59,327 62,278 61,081 76
over U.S. internal funds
76
(2) Corporate bonds include net issues by Netherlands Antilles subsidiaries;
U.S. direct investment abroad is before subtracting net inflows of
capital from Netherlands Antilles subsidiaries to U.S. parents.
(3) Industrial revenue bonds. Issued by state and local governments
to finance private investment and s·ecured in interest and
principal by the industrial user of the funds.
(4) Loans and short-term paper, taxes p_ayable and trade debt.
(5) Direct investment totals and retained earnings exclude
capital gains/losses included in balance of payments statistics.
Digitized for MILLIONS
FRASEROF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
DECEMBER 1988
Nonfinancial Corporate Business
Nonfinancial Corporate Business
14
Sector Statements of Savin9 and Investment
ANNUAL FLOWS, 1982-87
ANNUAL FLOWS, 1982-87
1982
1983
1984
1985
1986
1987
Nonfinancial Corporate Business, Excludin9 Farms
1 129,799 159,520 196,049 170,327 172,623 210,243
2 46,195 59,308 73,267 69,590 76,482 98,623
3 71,964 78,014 80,960 84,018 89,925 95,547
6,291 16,023
4 11,615 22,173 41,847 16,694
Profits before tax C book>
- Profit tax accruals
- Domestic net dividends
Domestic undist. profits
l
2
3
4
5 -8,387 16,024 30,860 55,199 48,320 43,698
6 221,393 228,196 238,436 250,967 262,583 274,719
+
+
+
a:
Capital consumption adj,
Depreciation char9es, NIPA
Earnin9s rec. from abroad
U.S. internal funds, book
5
+ F9n. earnin9s ret. abroad
+ In\'. valuation adjustment
Total internal funds • IVA
9
10
11
Gross investment
Capital expenditures Cl l
Fixed investment
Plant and equipment
Home construction
Multi-family residential
Inventory change + IVA
Mineral rts. from U.S. 9ovt.
12
13
14
15
16
17
18
19
7 12,525 11,775 11,750 12,175 15,450 12,075
8 237,146 278,168 322,893 335,035 332,644 346,515
9 15,525 18,400 19,175 18,925 16,475 24,300
10 -10,350 -10,900 -5,800 -1,675
8,350 -18,025
11 242,321 285,668 336,268 352,285 357,469 352,790
12
13
14
15
16
17
18
19
247,240
256,460
269,844
268,016
640
1,188
-21,175
7,791
251,151
270,689
262,354
261,132
346,399
370,624
311,072
309,388
1,221
550
7,785
1,686
51,650
7,902
l
-2
328,388
342,300
331,574
330,579
-313
1,308
6,350
4,376
319,569
331,496
317,327
316,005
16
1,306
6,975
7,194
315,306
360,972
323,211
321,628
525
1,058
34,825
2,936
Net financial investment
20
Net acq. of financial assets 21
20 -9,220 -19,538 -24,225 -13,912 -11,927 -45,666
21 46,995 115,079 132,088 92,957 122,827 75,634
22 46,338 40,133
6,691
5,879
23
24 11,271 14,616
615 -7,878
25
8,721
6,244
26
-412
3,127
27
9,998
28 10,286
66
665
29
9,912
6,670
30
3,335
1,196
41,631
6,682
13,227
4,909
450
-5,087
12,176
-135
9,409
45,051
13,754
13,420
-3,245
9,509
-2,085
6,356
836
6,506
2,042
1,670
4,521
26,726
14,989
9,595
-3,329
12,924
5,104
107
183
-26
31
1,113
32
33 -15,082
34 14,652
35 10,194
5,388
36
4,806
37
-3,631
13,453
2,847
48,069
37,499
13,233
-4,575
17,808
2,710
72
l,676
3,463
9
19,889
5,142
l
19,123
38
39
40
37,232
33,183
9,822
6
7
8
87,695
18,962
12,217
7,305
12,154
5,948
19,464
3,066
8,579
13,237
-1,014
4.082
-681
5,829
-2,838
3,550
2,564
1,745
Liquid assets
Checkable dep. and curr.
Time deposits
Money mkt. fund shares
Security RPs
Forei9n deposits
U.S. 9ovt. securities
Tax-exempt obli9ations
Commercial paper
22
23
24
25
26
27
28
29
30
95
1,481
2,593
-5,015
49,242
15,577
26,257
6,229
20,028
Consumer credit
Mutual fund shares
Trade credit
Miscellaneous assets
Foreign dir.invest.(2,5)
Equity, etc.
Retained earnings
31
32
33
34
35
36
37
3,232
30,324
13,662
3,600
10,062
Insurance receivables
38
Equity in sponsored a9s. 39
Other
40
4,154 10,888
376
82
12,426 -21,944
41
42
43
56,215 134,617 156,313 106,869 134,754 121,300
49,788 77,863 95,815 50,945 93,075 59,769
6,400 23,500 -74,475 -81,500 -80,750 -76,500
44
45
46
43,388
15,143
18,666
Net increase in liabilities
Net funds raised 1n mkts.
Net new equity issues
Deb� instruments
�ax-exempt debt (3)
;orporate bonds t2>
54,363 170,290 132,445 173,825 136,269
9.4�1 20,542 22,600 -9,901
-914
16,026 46,129 73,753 121,276 99,940
41
42
43
44
45
46
3,614
l
-3,169
6,782
2,683
-1
-1,774
4,458
-9,901
-250
-4,133
-5,518
4,821
13
503
4,305
6,894
421
731
5,742
Mortga9es
Home mort9a9es
Multi-family
Commercial
48
49
42,070
2,517
-6,125
- 782
572
1,280
9,193
2,678
-839
6,975
7,736
-451
45,653
13,049
21,715
2,791
16,528
1,200
21,930
1,542
14,598
-2,109
12,652
-2,620
43,289
11,067
-9,342
-194
11,289
1,520
4,626
2,274
5,100
17,000
126
Bank loans n.e.c.
Loans from foreign
Commercial paper
Accept. liabs. to bks.
Nonbank finance loans
U.S. 9overnment loans
51
52
53
54
55
56
57 -12,740
5,357
58
59 13,810
60 16,171
61 -2,361
7,970
37,265
11,519
11,858
-339
1,903
33,027
25,568
22,463
3,105
1,394
34,039
20,491
20,401
90
3,195
3,089
35,395
35,399
-4
1,352
18,021
42,158
39,439
2,719
Profit taxes payable
Trade debt
F9n.d1r.investmt.in U.S.(5
Equity, etc.
Retained earnin9s
57
58
59
47 -29,953
512
48
49 ··6-642
50 - Z3 ,823
51
52
53
54
55
56
1,223
2 -4-919 34,517 -10,131 23,897 37,900 37,484
-6-----------------------------------------------------------------------63 -:'.'O -439
64 57,914
65
66
67
3-856
39,532
32,149
68 35,589
69 105,834
70 16,918
-33
51,759
15,042 -7,313
68,535 72,846
143
75,027
31,221
97,302
29,071 69,354
25,292 100,936
70,527 135,866
86,452 116,196 105,920
45,993 57,629 30,349
81,426 63,913 49,722
37,179 37,371
94,756 110,216
20,083 45,946
40,856
97,165
38,692
44,305 46,909
92,734 102,319
52,436 37,750
6,350
-1,675
8,025
6,975 34,825
8,350 -18,025
-1,375 52,850
---------------------------------------------------
71 -21,175
550
72 -10-350 -10,900
73 -lC,f;:'5 11,450
51,650
-5,800
57,450
74 266,810 281,589 376,424 343,975 323,146 378,997
75 :37,146 278,168 322,893 355,035 332,644 346,515
76 29,664
3,421 53,531
8,940 -9,498 32,482
MI LL! ONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Discrepancy
Memorandum items:
Trade credit net of trade debt
Profits tax payments
Debt subtotals:
Securities and mort9a9es
Loans and short-term paper
Total short-term liab. C4)
Percent ratios:
Effective tax rate
Capital outlays/internal funds
Cr. mkt. borrowin9/cap. exp.
Cl) Capital outlays on book basis:
lnventJrY change, HIPA
Less: Inv. val. adjustment
= Inventory chan9e before IVA
= Financin9 9ap:
Total cap. expend. before IVA
Less: us internal funds, book
Excess of capital expenditures
over U.S. internal funds
(2) Corporate bonds include net issues by Netherlands Antilles subsidiaries;
U.S. direct inve�tment abroad is before subtractin9 net inflows of
capital from Netherlands Antilles subsidiaries to U.S. parents.
(3) Industrial revenue bonds. Issued by state and local 9overnments
to finance private investment and secured in interest and
principal by the industrial user of the funds.
(4) Loans and short-term paper, taxes payable and trade debt.
(5) Direct investment totals and retained earnin9s exclude
capital 9ains/losses included in balance of payments statistics.
47
50
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
DECEMBER 1988
State and Local
15
State and Local Govermunts
Governments
Sector
Statements
of Saving and Investment
ANNUAL FLOWS, 1970-81
ANNUAL FLOWS, 1970-81
1970
1971
1972
1973
1974
197S
1976
1977
1978
1979
1980
1981
State and Local Governments - General Funds ( 1)
l Total receipts, NIPA basis
Tax receipts
2
4
Social insurance receipts
Grants-in-aid received
l3S,872 1S3,S31 179,264 196,439 213,136 239,651 270,079 300,065 330,260 3SS,2S7 389,978 42S,SS4
102,147 114,3S6 130,264 142,901 1S4,S71 168,268 189,453 210,450 228,324 247,337 271,SSl 30S,188
9,2SO 10,l7S 11,475 12,97S 14,625 16,825 19,S2S 22,079 24,67S 27,410 29,749 32,474
24,475 29,000 37,S2S 40,563 43,940 S4,SS8 61,101 67,536 77,261 80,510 88,678 87,892
l
2
3
4
6
7
Purch. of goods and services 119,407 132,524 144,195 160,149 182,936 205,872 220,601 236,200 263,405 289,860 322,225 34S,88S
14,598 18,481 21,646 22,815 22,943 29,327 34,292 36,974 37,926 37,797 40,962 4S,SS2
Net interest and transfers
7
3
s Total expenditures, NIPA basis 134,00S lSl,OOS 165,841 182,964 205,879 235,199 2S4,893 273,174 301,331 327,657 363,187 391,437
8 Net surplus, NIPA basis
9 - Retirement credit to HH
10 = Gross saving
11 Net financial investment
12
Net acq. of financial assets
13
Checkable dep. and curr.
14
Ti111e deposits
Security RPs
15
16
17
18
19
20
21
Credit market instruments
U.S. govt. secur1 t1 es
Treasury issues
Agency issues
Tax-exempt obligations
Mortgages
22
23
Profit taxes receivable
Other taxes receivable
24
Net increase in liabilities
Credit 111arket borrowing
Tax-exempt obligations
Short-term
Other
U.S. government loans
25
26
27
28
29
30
Trade debt
31 Discrepancy
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
6
1,867
6,393
-4,S26
2,S26
6,554
-4,028
13,423
8,491
4,932
13,475
9,480
3,99S
7,257
9,697
-2,440
4,452
11,307
-6,85S
15,186
12,919
2.�67
26,891
15,885
11,006
28,929
20,678
8,2Sl
27,600
16,219
11,381
26,791
26,485
306
34,117 8
29,690 9
4,427 10
-4,674
7,204
-1,046
9,962
-9,014
9,406
824
7,224
l,S86
16,615
S49
6,734
3,762
17,409
10
6,61S
-3,67S
12,73S
223
4,959
-6,439
7,191
4SS
-1,602
1,000
2,737
16,446
-9Sl
2,122
1,064
16,900
28,049
1,060
6,702
1,691
5,930
24,194
-33
7,146
2,Sl4
3,360
22,610
-382
-2,119
4,048
-6,026
13,178
-607
-1,967
2Sl
-1,827
6,065
-1,474
2,239
S,210
-l,8S2
-2,917
-210
-1,037
-1,328
291
8,Sl6
6,S87
1,419
5,168
229
1,700
5,323
-1,873
4,202
524
2,470
5,670
1,680
-652
2,332
2,383
1,607
10,827
7,205
2,176
5,029
2,372
15,693
14,559
10,566
3,993
579
16,707
10,698
7,485
3,213
-450
6,459
11,914
l,912
671
1,241
220
9,782
698
-7,115
-1,7S0
-5,365
131
7,682
1,079
6,943
5,855
4,112
1,743
-299
1,387
555
12,671
10,854
5,S46
5,308
-682
2,499
140
531
1,037
937
1,452
772
1,496
670
1,560
611
1,057
2,201
l,183
1,817
1,086
1,080
816
1,512
2,844
1,054
2,533
11,878
11,308
11,231
2,343
8,888
77
18,420
17,701
17,336
2,483
14,853
36S
15,029
14,506
14,161
52
14,109
345
13,647
12,798
12,512
315
12,197
286
16,410
14,608
13,932
2,709
11,223
676
13,630
12,337
12,148
-259
12,407
189
13,709
13,215
11,179
-4,067
15,246
2,036
11,149
10,465
10,260
-2,915
13,175
205
18,264
16,536
18,092
584
17,508
-1,556
19,2SO
17,635
17,439
977
16,462
196
19,204
17,223
16,299
1,737
14,562
924
570
148
719
523
3,346
849
1,802
1,235
1,293
-416
494
684
-5,894
1,728
2,321
1,615
8,021
1,981
6,332
939
-3,8S6
148
917
-252
4,986
ll) Employee retirement funds are in insurance sector.
HILLIOHS OF DOLLARS
s
233
2,329
1,250
-470
11
12
l3
14
15
16
17
18
19
20
21
976 22
-1,584 23
7,892
6,785
5,547
1,138
4,409
1,238
24
25
26
27
28
29
1,107 30
6,254 31
DECEMBER 1988
State and Local Govern11ents
State and Local Governments
Sector Statements of Savin9 and Investment
ANNUAL FLOWS, 1982-87
---------1982
1984
1983
1985
1986
16
ANNUAL FLOWS, 1982-87
--------------
1987
State and Local Governments - General Funds (1)
l 449,350 487,625 540,425 581,775 623,000 655,675
2 329,650 362,900 406,725 438,875 470,250 504,925
3 35,850 38,500 40,175 43,225 45,975 �8.075
4 83,850 86,225 93,525 99,675 106,775 102,675
Total receipts, NIPA basis
Tax receipts
Social insurance receipts
Grants-in-aid received
5 414,250 440,225 475,900 516,675 561,825 602,825
6 369,025 391,500 425,350 465,575 505,050 542,800
l
2
3
4
7
45,225
48,725
50,550
51,100
56,775
60,025
Total expenditures, NIPA basis
Purch. of 9oods and services
Net interest and transfers
5
6
8
35,100
31,964
3,136
47,400
39,246
8,154
64,525
45,735
18,790
65,100
53,149
11,951
61,175
57,609
3,566
52,850
54,681
-1,831
Net surplus, NIPA basis
- Retirement credit to HH
" Gross saving
8
9
10
11
12
13
14
15
-792
21,694
-1,555
3,828
7,344
4,634
39,448
-680
-6,260
7,242
19,151 22,848
47,560 115,717
1,071
5,031
229
7,026
5,127
9,509
14,163
60,111
3,507
-4,588
8,600
-1,940
34,417
769
765
11,047
Net financ1 al investment
Net acq. of financial assets
Checkable dep. and curr.
Time deposits
Security RPs
11
12
13
14
15
16
11,994
18
19
20
21
4,788
l,723
244
5,239
35,374
26,916
16,732
10,184
572
7,886
27,868
16,572
4,503
12,069
1,061
10,235
97,793
89,179
73,847
15,332
-l,194
9,808
48,372
36,839
24,063
12,776
-265
11,798
20,378
11,213
1,871
9,342
473
8,692
22
23
-1,408
1,491
1,926
1,846
3,853
1,070
1,255
3,445
1,820
2,400
-142
l,600
24
29
22,486
21,548
20,581
6,731
13,850
967
34,814
34,022
32,913
-1,481
34,394
1,109
28,409
27,427
19,686
-3,656
23,342
7,741
92,869
91,786
83,607
1,302
82,305
8,179
45,948
44,322
42,885
4,150
38,735
1,437
36,357
34,442
36,376
6,243
30,133
-1,934
30
31
938
3,928
792
3,520
1,626
1,083
982
-361 -10,897 -10,597
l,915
109
9
10
17
25
26
27
28
6,511
Credit market instruments
U.S. 9ovt. securities
Treasury issues
A9ency issues
Tax-exempt obligations
Mortgages
16
17
18
Profit taxes receivable
Other taxes receivable
22
23
Net increase in liabilities
Credit market borrowing
Tax-exempt obligations
Short-term
Other
U.S. government loans
24
25
26
27
Trade debt
Discrepancy
Cl) Employee retirement funds are in insurance sector.
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7
19
20
21
28
29
30
31
DECEMBER 1988
U.S. Government and Credit Agencies
U.S. Govl!rnment and Credit Agl!ncies
17
Sector Statements of Saving and Investment
ANNUAL FLOWS, 1970-81
ANNUAL FLOWS , 1970-81
1970
1971
1972
1973
1974
1976
1975
1977
1978
1979
1980
1981
U.S. Government
1 Total receipts, NIPA basis
Personal taxes
2
Corp. profits tax accruals
3
4
5
Indirect taxes
Social insurance receipts
195,376 202,739 232,215 263,743 293,928 294,860 340,125 384,080 441,399 505,020 553,815 639,529
92,611 90,305 108,209 114,700 131,267 125,853 147,269 169,805 194,938 230,969 257,921 298,892
30,616 33,456 36,607 43,260 45,115 43,559 54,577 61,615 71,400 74,428 70,319 65,701
19,229 20,277 19,891 21,142 21,620 23,819 23,325 24,961 28,045 29,276 38,822 56,183
52,920 58,701 67,508 84,641 95,926 101,629 114,954 127,699 147,016 170,347 186,753 218,753
6 Total expenditures, NIPA basis 207,837 224,757 249,015 269,346 305,487 364,232 393,662 430,100 470,734 521,139 615,149 703,314
Goods and services
98,774 99,846 105,835 106,361 116,211 129,176 136,337 151,140 161,807 177,953 208,089 242,208
7
8
9
10
11
12
13
14
Transfers, etc,
Net interest
Net surplus, NIPA basis
- Insurance credits to HH
Gross saving
+ Mineral rights sales Cl)
= Nonfinancial surplus
94,940 111,082 128,764 144,966 168,599 212,077 230,496 249,873 273,758 300,651 353,729 388,743
14,123 13,829 14,416 18,019 20,677 22,979 26,829 29,087 35,169 42,535 53,331 72,363
-12,461 -22,018 -16,800
2,487
2,914
3,145
-14,948 -24,932 -19,945
329
717
912
-14,619 -24,215 -19,033
15 Net financial investment
-12,954 -23,469 -18,961
16
Net acq. of financial assets
1,507
4,674
84
17
Gold, SORs & fgn. exch.
-1,756 -1,557
549
18
Checkable dep. & currency
3,532
3,501
-977
19
Time deposits
57
252
86
20
21
22
Credit market instruments
Fed. agency securit1 es
Mortgages
Other loans
24
Taxes recl!ivable
Trad!! credit
Mi scellanl!ous
23
25
26
27
28
Net increase in liabilities
Treasury curr. & SOR ctfs.
6
7
8
9
-5,603 -11,559 -69,372 -53,537 -46,020 -29,335 -16,119 -61,334 -63,785 10
8,180
8,793 10,040 11
7,220
6,649
2,310
2,854
3,796
4,739
-7,913 -14,413 -73,168 -58,276 -52,669 -36,555 -24,299 -70, 127 -73,825 12
4,745
4,997
1,973
4,847 13
3,168
2,470
6,490
3,973
1,323
-4,745 -7,923 -71,845 -54,303 -50,199 -34,582 -19,554 -65,130 -68,978 14
-7,009
4,692
-65
-1,756
-167
-9,544 -74,610 -59,269 -56,044 -39,728 -24,198 -63,340 -77,774 15
5,025 16,501 21,354
8,551 24,821 22,649 25,339 22,424 16
4,961
4,733 17
1,411
330 -3,130
1,371
2,426
686
-785 -2,536
375 18
4,449
-4,554
2,736
3,854
-433
-210
65
64
-142 19
38
95
147
159
-
2,819
18
-380
3,181
1,843
-17
-683
2,543
3,871
-2
7,301
13,403
7,951
9,986
17,055
19,005
23,686
-599
4,472
3,763
3,544
6,510
6,893
419
7,532
4,182
5,804
4,221
12,834
6,601
12,404
7,506
16,180
-2,788
-777
251
1,488
-1,704
70
-702
-819
104
1,584
274
951
-234
998
105
-2,292
l,190
683
5,555
454
955
-1,433
-762
716
2,902
2,725
756
-252
2,401
804
-4,819 -10,015 24
2,542 25
3,778
479
885 26
14,461
28,143
490
19,045
533
11,701
422
14,569
445
91,111
937
80,623
l,189
64,595
300
64,549
524
46,847
1,610
88,679 100,198 27
1,282
1,245 28
24,898
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
37,360
-815
39,576
-1,401
79,196
-7,348
87,141
-597
87,373
-4,338
92,161
-450
3,145
2,310
1,066
-363
2,854
-514
-7
3,796
1,682
-709
4,739
4,729
939
6,649
1,808
-925
3,400
-276
7,220
8,180
1,007
-1,310
8,793
1,296
-1,888
10,040 33
491 34
1,049 35
622
Credit market instruments
Savings bonds
Other Treasury issues
Agency issues and mtgs.
11,851
319
12,565
-1,033
33
Life & retirement reserves
Trade debt
Miscellaneous
2,487
-1,038
35
3
4
5
2,793
-97
302
2,588
29
30
31
32
34
1
2
539
2,327
23,693
-1, 122
2,914
-987
828
262
30
-6
24,046 20
21
4,939 22
19,107 23
29
30
31
32
36 Discrepancy
-1,665
-746
-72
2,264
1,621
2,765
4,966
5,845
5,146
4,644
-1,790
8,796 36
37 Corp. tax receipts, net
33,404
31,968
37,309
41,676
45,349
45,851
49,022
63,048
68,498
74,680
75,138
75,716 37
Memo:
Cl) Sales of Outer Continental Shl!lf leases.
Fl!derallY Sponsored Credit Agencies and Mortgage Pools
Sponsored credit agencies
59
97
104
211
333
303
334
398
590
804
885
1,167
10,367
-37
773
711
54
-614
4,089
-48
400
18,729
98
2,281
18,161
-13
-969
5,201
-3
-287
4,411
-46
285
7,655
69
156
28,574
30
1,423
31,139
172
564
29,521
27
1,803
37,554
177
3,468
3
4
Cred1t 11arket instruments
U.S. 9overnment securit1es
Open-markl!t paper
Student loans <SLMA)
8,805
1,100
1,079
-546
-1,215
414
3,969
15,500
-19
-193
20,848
423
876
4,516
1,469
4,704
1,488
-33
6,444
-3,802
233
105
26,685
590
-1,198
400
30,006
206
148
590
26,420
666
33,212
377
312
2,187
7
8
Housing credit
Residential mortgages
FHLB loans to S&L assns.
6,235
4,909
1,326
217
12,477
5,309
7,168
14,365
7,708
6,657
-1,225
-2,679
2,881
2,838
43
-1,547
436
-1,983
4,852
541
4,311
21,513
9,016
12,497
18,542
9,374
9,168
14,916
7,791
7,125
1,889
1,177
285
427
-232
3,235
1,854
279
1,102
850
5,184
2,536
998
1,650
-1,705
4,183
4,796
2,527
952
1,317
-532
5,056
2,980
629
1,447
986
5,380
3,232
690
1,458
436
10,520
5,064
2,129
826
1,408
730
-17
695
192
3,327
397
9,666
6,361
1,451
1,854
1,271
9,135
7,659
-348
1,824
697
10,350
8,234
8,234
616
1,142
l, 142
3,943
3,521
3,521
18,468
16,295
16,295
6,956
-526
422
2,173
-1,067
1,411
28,054
23,469
23,069
400
4,585
30,583
24,846
24,256
590
5,737
29,184
25,619
24,404
1,215
3,565
37,056
32,385
30,505
1,880
4,671
42
2
-42
-so
864
1,724
4,080
2,073
2,460
-387
2,007
7,300
5,889
2,116
17,693
17,297
16,602
695
396
-135
32
43
70
248
548
23 Net acq. of mort9a9es
24
Home mortgages
25
Multi-family 11ortgages
26
Farm 11ortgages
1,551
1,215
25
311
4,771
4,278
54
439
4,878
3,636
3,192
224
220
3,418
3,278
159
-19
7,053
7,301
400
-648
12,182
11,918
484
27 Net incr. in pool securities
4,262
278
338
-220
16,110
15,731
925
-546
13,604
12,366
1,513
-275
23,051
21,766
1,210
75
19,181
18,697
658
-174
15,028
14,282
855
-109
1,551
4,771
4,878
3,636
3,418
7,053
12,182
16,110
13,604
23,051
19,181
15,028 27
Me110: Totals for agencies and pools
Housing credit
7,475
Loans to agriculture
1,781
4,549
1,847
2,227
7,421
15,893
3,455
17,802
5,165
6,476
3,535
10,855
4,576
21,508
4,510
35,392
5,105
41,518
10,595
34,271
9,492
36,338 28
9,026 29
5,913
8,399
19,931
20,020
9,395
14,642
23,066
36,673
47,307
43,585
45,533 30
Currl!nt surplus
2 Nl!t acq. of financial assets
3
Checkable dep. and currl!ncy
4
Fed. funds & security RPs
5
6
7
8
9
10
11
12
13
14
15
16
Loans to agriculture
Farm mortgages
Loans to COOPS CBC)
Loans to farmers (FICB>
Miscellaneous assets
17 Net increase in l1abilitil!s
18
Credit market instruments
19
20
21
Sponsored agency issues
U.S. 9overnment loans
Miscellaneous liabilities
1,470
473
298
699
22 01screpancy
2,896
89
2,734
-3,959
2,632
404
1,147
975
4,930
3,206
2,342
38
1,134
2
5
6
21,201 9
4,970 10
16,231 11
12
13
14
15
16
17
18
19
20
21
669 22
Fedl!rally related 11ortga9e pools ( 1)
28
29
30 Net security issues
(1)
9,785
GHMA, FNMA, FHLMC, and Farmers Home Adm1 n1stration pools. Excludes
Federal Financing Bank holdings of pool securities, which are in
U.S. sovern•ent 11ortga9es and other loans directly,
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
23
24
25
26
DECEMBER l988
u.s. Government and Credit Agencies
U.S. Government and Credit Agencies
18
Sector Statements of Saving and Investment
ANNUAL FLOWS,
ANNUAL FLOWS,
------------------------------------------·----------------------------
1982-87
1982-87
1982
1983
1985
1986
1987
---1984
----------·-------·---------------------------
U.S. Government
-------------------------------------------------
l 635,275 659,900 725,950 788,725 828,350 916,525
2 304,450 294,425 310,300 346,450 361,450 405,625
3 49,050 61,350 75,250 76,275 83,900 105,850
4 48,075 51,625 55,725 55,100 50,800 54,050
5 233,700 252,500 284,675 310,900 332,200 351,000
Total receipts, NIPA basis
Personal taxes
Corp. prof1 ts tax accruals
Indirect taxes
Social insurance receipts
6 781,175 835,950 895,475 985,6251033,8751074,225
7 272,675 283,550 310,500 355,175 366,175 381,975
8 423,950 458,150 469,375 500,300 532,275 549,225
9 84,550 94,250 115,600 130,150 135,425 143,025
Total expenditures, NIPA basis
Goods and services
Transfers, etc.
Net interest
Net surplus, NIPA basis
- Insurance credits to HH
Gross saving
+ Mineral rights sales Cl>
= Nonfinancial surplus
l0-145,900-176,0S0-169,525-196,900-205,525-157,700
11 11,927 14,239 18,186 19,104 21,071 20,262
12-15 7,827-190,289-187,711-216,004-226, 596-177,962
7,785
7,902
4,376
7,194
2,936
7,791
13
14-150,036-182 ,504-179,809-211,628-219,402-175,026
Net financial investment
Net acq. of financial assets
Gold, SDRs & fgn. exch.
Checkable dep. & currency
Time deposits
15-153,398-192,627-193,090-214,574-233, 273-183,669
9,814 -23,369
16 23,511 13,602 32,598 32,775
2,892
2,596
1,907
-741 -5,363
4,438
17
6,429 -8,263
5,263 12,991
408 -8,074
18
472
-451
532
40
185
218
19
15,936
9,655
17,081
16,773
9,656 -11,466
2,364
13,572
1,220
8,435
469
16,612
1,841
14,932
517
9,139
-5,288
-6,178
24 -10,191
4,792
25
1,635
26
5,266
3,766
737
571
5,082
1,473
-4,040
3,679
1,425
-315
121
500
1,164
-1,049
1,201
20
21
22
23
14,239
2.952
2,013
36
3,362
10,123
37
59,241
56,084
18,186
3,271
4,876
19,104
4,554
-417
21,071
1,046
5,165
20,262
5,098
-9,371
13,281
2,946
13,871
8,643
74,679
80,315
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
Taxes receivable
Trade credit
24
25
26
22
23
Net increase in liabilities 27
Treasury curr. & SOR ctfs. 28
Credit market instruments
Savings bonds
Other Treasury issues
Agency issues and mtgs.
29 161,263 186,557 198,802 223,621 215,016 143,842
156
3,139
3,030
5,262 13,555
7,771
30
31 161,979 183,539 195,939 218,455 201,106 134,550
-872
-121
-167
-96
355
1,521
32
11,927
1,912
150
5
Credit market instruments
Fed. agency securities
Mortgages
Other loans
Miscellaneous
27 176,909 206,229 225,688 247,349 243,087 160,300
1,657
468
553
487
789
28
469
33
34
35
l
2
3
4
29
30
31
32
Life 8 retirement reserves 33
Trade debt
34
Miscellaneous
35
Discrepancy
Memo:
Corp. tax receipts, net
84,215 104,686
36
37
Cl> Sales of Outer Continental Shelf leases.
----------------
Ftderally Sponsored Credit Agencies and Mortgage Pools
Sponsored credit agencies
Current surplus
1,441
957
984
246
348
655
2
3
4
2::',378
-150
5,379
2,039
205
-2,286
41,536
581
8,343
29,173
-217
11,247
22,734
1,528
4,987
27,739
-1,070
-2,207
5
6
7
8
16,005
1,447
-282
1,587
3,417
-1,268
379
1,453
29,806
1,601
-100
1,937
15,661
-4,740
-585
2,476
14,074
4,582
-11
2,423
24,276
2,803
-47
3,698
10
11
9
11,012
l O -205
807
2,244
9,292
-7,048
27,745
12,077
15,668
27,903
13,689
14,214
16,645
-3,165
19,810
24,176
-237
24,413
12
13
14
15
16
2-2C. l
3-884
-81 l
-832
l, 144
9
Housing credit
Resi dent1 al mortgages
10
FHLB loans to S&L assns. 11
609
1,106
852
-1,349
703
-1,377
258
-412
-1,223
2,806
-9,393
-4,487
-980
-3,926
2,482
-9,565
-6,505
-731
-2,329
2,145
-6,354
-4,777
683
-2,260
6,740
Loans to agriculture
17
18
19
20
21
21,271
15-.342
14,942
400
s,n9
l, 172
1,407
1,407
40,669
30,430
30,430
-235
10,239
30,616
21,670
20,585
1,085
8,946
23,167
14,850
15,215
-365
8,317
27,381
29,454
30,204
-750
-2,073
22
334
90
117
1,689
781
297
23
24
25
26
49,532
49,338
361
-167
66,388
65, 19(.
l, 231
-33
44,447
43,414
1,065
-32
27
79,877 163,263 156,369
78,555 158,334 151,869
4,513
5,139
1,480
-13
-210
-158
23
24
25
26
49,532
66,388
44,447
Net acq. of mortgages
Home mortgages
Hulti-family mortgages
Farm mortgages
79,877 163,263 156,369
Net incr. in pool securities
27
28
29
60,711
2,074
30
68,665
576
72,224 107,938 180,118 180,558
-1,409 -9,551 -9,775 -6,367
64,474
28
29
67,795
74,877 100,462 178,478 186,573
He1110: Totals for agencies and pools
Housing credit
Loans to agriculture
Net acq. of financial assets
Checkable dep. and currency
Fed. funds & security RPs
Credit market instruments
U.S. government securities
Open-market paper
Student loans CSLMA)
Farm mortgages
Loans to COOPS (BC)
Loans to farmers CFICB)
Miscellaneous assets
2
3
4
5
6
7
8
12
13
14
15
16
Net increase in liabilities
Credit market instruments
Sponsored agency issues
U.S. government loans
Miscellaneous liabilities
17
18
19
20
21
Discrepancy
22
Federally related mortgage pools Cl)
MILLIONS OF DOL
LARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Net security issues
Cl l GNMA, FNMA, FHLHC, and Farmers Home Ad111inistration pools. Excludes
Federal Financing Bank holdings of pool securities. which are in
U.S. government mortgages and other loans directly.
so
DECEMBER 1988
Forei9n sector
Forei9n sector
19
Sector Statements of Savin9 and Investment
------------
ANNUAL FLOWS, 1970-81
ANNUAL FLOWS, 1970-81
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
Fore19n Sector
l Net U.S. exports, NIPA basts
U.S. export receipts
2
3 - U.S. import payments
4 CMemo: net corporate earn1n9s
retained abroad)
8,467
68,937
60,470
3,160
6,287
72,364
66,077
3,158
Transfers to fore19n
U.S. 9ovt. interest pa1d
7 + Net capital grants
8 = Net foreign investment
(U.S. balance, sign reversed)
3,504
1,025
868
3,903
1,850
716
-1,250
4,070
2,675
712
2,879
Net acq. of financial assets
Gold and SDRs (1)
U.S. checkable dep.
U.S. time deposits
Net interbank claims
-2,978
4,852
-64
521
-1,664
-6,388
10,498
22,037
617
-193
329
-4,610
6,964
18,304
-156
1,602
2,904
-728
19
20
21
22
23
Security RPs
U.S. corporate equities
Credit market instruments
U.S. govt. securities
Official, net
Private, net
U.S. corporate bonds (2)
Loans to US nonbanks
Open-market paper
697
10,974
9,816
9,439
377
671
836
26,726
26,593
26,570
23
292
2,434
8,328
8,319
8,470
-151
71
487
-159
-62
24
25
Security credit
Trade credit
-85
1,558
-38
-143
26
27
28
29
30
Miscellaneous assets
Dir. investmt.in U.S.C3)
Equity, etc.
Retained earnings
Other
-697
1,464
1,030
434
-2,161
5 6 -
9 Net financial investment
10
11
12
13
14
15
16
17
18
31
32
33
34
35
36
Net increase in liabilities
U.S. off. fgn. exchange
& net IMF position
U.S. private deposits
Foreign corporate equities
Credit market instruments
Corporate bonds
39
40
Bank
To
To
To
41
42
43
Commercial paper
Accept. liabs. to banks
U.S. government loans
37
38
loans n.e.c.
foreign official
foreign banks
other foreign
(4
◄5
Security debt
Trade debt
46
Miscellaneous liabilities
47
48
49
50
51
52
53
U.S.equity 1n IBRD, etc.
U.S. govt. deposits
U.S. dir. invstmt. (2,3)
Equity, etc.
Retained earnings
Other
01screpancy CFOF basis> (4)
-4,806
4,132 18,764 32,109 33,896
3,154 16,770 16,273 31,054 18,836
1,896
81,380 114,112 151,501 161,342 177,738 191,621 227,517 291,215 350,961 382,800
78,226 97,342 135,228 130,288 158,902 189,725 223,385 272,451 318,852 348,904
7,705
8,097
8,047 11,697 18,588 18,686 14,027
4,635
7,598
8,080
4,110
3,850
-8,810
-4,485
12,467
9
2,895
2,812
-5,190
500
2,763
297
-105
641
-746
4,601
4,916
4,250
4,550
-8,000
578 -21,588
5,357
4,525
5,064
5,525
5,596
-8,954
8,693
10,114
7,498 -24,031 -14,752
25,651
4,790 25,444
-172
-66
-78
2.826
-316
3,195
7,731
1,456 -1,899
-1,235 -9,859 -5,950
16,536
40,611
-239
2,400
-400
-920
2,470 -25,896 -31,232 -27,392 9
60,467 30,539 24,087
-38 10
-16 -1,820 11
l,184 -1,201
4,244
-248
17 -3,785 12
1,145
1,214
l,173
2,270 13
6,412 21,098 -26,588 -20,939 14
2,125
1,687
1,659
2,422
29,665 -10,366
27,006 -16,930
24,221 -21,972
5,042
2,785
2,630
1,938
256
1,987
465
1,947
32
301
25
539
4,984
3,500
4,172
-672
850
221
413
-74
4,667
8,310
7,145
5,563
1,582
593
72
500
-74
2,753
14,038
12,678
9,892
2,786
890
170
300
-74
2,675
37,821
33,475
32,538
937
3,796
150
400
55
997
-33
1,972
-40
2,146
71
1,837
4,049
1,873
4,116
214
-1,487
368
-173
541
-1,855
2,868
948
382
566
1,920
6,442
2,800
1,891
909
3,642
8,847
4,761
3,698
1,063
4,086
-1,236
2,603
1,416
1,187
-3,839
9,410
4,346
2,688
1,658
5,064
-2,525
3,728
2,143
1,585
-6,253
13,646
7,852
5,314
2,538
5,794
12,031
11,813
69
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7,922
3,891
218
282
5,357
25,289
14,898
11,895
3,003
8,158
1,311
922
3,494
5
6
7
8
9 15
5,761
25,532
9,503
6,322
3,181
8,426
8,896
-1,293
-
16
17
18
19
20
21
22
23
24
-207 25
15,038 -6,859
15,315 25,296
11,740 22,251
3,575
3,045
-277 -32,155
26
27
28
29
30
7,830
11,539
11,340
16,952
18,153
28,821
40,196
24,075
57,997
56,435
55,319
27,354 31
-2,545
-375
-1,732
436
-152
938
-149
l,157
1,295
-200
783
826
2,480
1,669
136
1,315
452
2,449
-68
9,782
8,138
4,479
3,353 32
10,419 33
1,076
2,806
874
1,113
5,055
940
619
4,442
1,030
672
6,296
958
-519
13,818
2,372
-921
14,106
7,168
20,499
8,530
355
408
13,502
5,051
-351
24,011
3,977
1,025
14,963
3,701
2,366
24,158
1,202
213 34
23,523 35
5,487 36
-205
-142
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
18,267
9,523
6,612
3,054
2,133
-4,086
5,007
11,780
4,544
4,678
2,558
3,027
770
-4,463
6,720
378
-90
2,791
723
1,211
3,259
565
1,854
2,978
1,033
-3,170
3,904
1,673
3,593
2,942
2,402
4,091
4,683
3,874 41
6,922 42
4,213 43
317
499
-274
1,512
1,745
44
203 45
14,876
1,088
-133
11,633
3,938
7,695
8,215
70
-33
11,508
5,114
6,394
-4,009
31,710
625
131
16,093
4,359
11,734
14,861
�9,221
829
-25
26,825
7,609
19,216
1,592
14,433 -10,357 46
721
1,050 47
-242
-165 48
23,556 12,585 49
4,917
-526 50
18,6�9 13,111 51
-9,602 -23,827 52
5,798
-7,843
7,644
23,309
18,251
-64
1
799
1,338
302
1,813
-1,044
1,463
930
1,693
181
7,081
-472
1
963
33
526
84
467
-181
1,877
-38
3,086
126
665
5,904
235
16
6,768
3,591
3,177
-1,115
6,108
-182
6,457
3,280
3,177
-419
4,942
270
-166
5,744
1,214
4,530
-906
7,280
348
603
10,130
1,974
8,156
-3,801
711
646
-541
8,936
1,160
7,776
-8,330
13,236
674
14,048
6,001
8,047
-1,495
-1,828 -11, 748
-4,085
-4,325
-6,920
2,443
252
Cl) U.S. net sales, sign reversed.
(2) Corporate bonds include net issues by Netherlands Antilles subsidiaries;
U.S. direct investment abroad is before subtracting net inflows of
capital from Netherlands Antilles subsidiaries to U.S. parents.
(3) Direct investment totals and retained earnings exclude
capital gains/losses included in balance of payments statistics.
(4) BOP discrepancy adjusted to national accounts concepts.
MILLIONS OF DOLLARS
8,650
7,688
6,195
7,541
11,122 12,592 16,878
1,140
1,093
1,152
-2,587 -12,981 -10,570
l
2
3
4
9
2,288
322
2,132
37
38
39
40
-
16,822 53
DECEMBER l988
Foreign sector
Foreign sector
20
Sector Statements of Saving and Investment
ANNUAL FLOWS, 1982-87
1982
1983
ANNUAL FLOWS, 1982-87
1984
1985
1986
1987
Foreign Sector
l 26,300 -6,100 -58,950 -77,925-104,375-123,050
2 361,925 352,525 383,500 370,925 378,450 428,050
3 335,625 358,625 442,450 448,850 482,825 551,100
4 15,525 18,400 19,175 18,925 16,475 24,300
9,025
18,300
9,525
17,825
12,225
19,750
1,025
33,450
90,925 114,325 142,375 160,625
9 -30,834
10 -6,f51
11 -1,372
12 -3,660
6,813
13
14 -35,699
28,350
58,222
-65
1,605
514
12,469
71,844 104,164 133,397 151,327
83,905 112,363 176,785 186,655
-979
-897
-246
-510
1,940
1,565
2,679 -1,403
3,708 -2,659
4,560
925
2,284 14,547 12,739 44,118
15
16
17
18
19
20
21
22
23
1,582
3,904
23,691
12,318
5,085
7,233
10,568
2,517
-1,712
482
5,410
23,654
15,620
6,496
9,124
4,564
2,678
792
99
-2,981
57,869
28,856
4,703
24,153
14,814
13,049
1,150
759
4,969
62,331
24,230
-1,139
25,369
36,711
1,542
-152
3,350
17,757
97,775
45,405
33,150
12,255
40,242
11,067
1,061
2,226
15,515
62,512
40,730
44,931
-4,201
20,292
1,223
267
24
25
27
-1,340
1,506
401
693
85
26 -1,937
27 13,810
28 16,171
29 -2,361
30 -15,747
15,493
11,519
11,858
-339
3,974
19,607
25,568
22,463
3,105
-5,961
24,980
20,491
20,401
90
4,489
44,697
35,395
35,399
-4
9,302
63,187
42,158
39,439
2,719
21,029
5
6
7
8
15,075
21,325
15,400
22,600
13,525
24,050
Net u.S. exports, NIPA basis
U.S. export receipts
- U.S. i..port payments
(Memo: net corporate earnin9s
retained abroad)
1
2
3
4
- Transfers to foreign
- U.S. 9ovt. interest paid
• Net capital 9rants
Net foreign investment
(U.S. balance, sign reversed>
7
8
9
10
11
12
13
14
Security RPs
U.S. corporate equities
Credit market instruments
U.S. govt. securities
Official, net
Private, net
U.S. corporate bonds (2)
Loans to US nonbanks
Open-market paper
15
16
17
18
19
20
21
22
23
Security credit
Trade credit
24
25
Miscellaneous assets
Dir. investmt.in U.S.!3l
Equity, etc.
Retained earnin9s
Other
26
27
28
29
30
31
24,183
29,872
12,061
8,199
43,388
35,328
3,592
4,501
1,130
1,279
2,151
-5,785
2,960
-4,271
-559
9,089
-9,659
-3,394
34
35
36
1,370
15,984
6,614
3,683
17,336
3,080
944
8,361
3,812
3,689
l,202
3,793
1,280
9,595
3,017
-2,358
4,340
6,814
37
38
39
40
-5,508
-48
725
-6,185
3,623
3,040
-904
1,487
-6,617
-873
-3,147
-2,597
-2,846
-1,409
-1,341
-96
-1,030
-15
1,036
-2,051
-3,620
-918
-2,849
147
Bank
To
To
To
41
42
43
1,864
8,517
4,497
6,486
-122
4,269
6,181
969
4,016
6,202
-7,351
1,404
11,484
-5,376
1,500
2,135
1,375
-2,364
Commercial paper
Accept. liabs. to banks
U.S. government loans
44
45
-2,726
242
-494
-615
-423
962
46
1,462
47
l, '274
48
361
49 l O, 194
50
5, ;;aa
51
�.806
52 -10,367
6,202
687
50
9,822
-3,631
13,453
-4,357
6,884
1,095
378
13,233
-4,575
17,808
-7,822
5,234
1,542
-117
9,595
-3,329
12,924
-5,786
24,406
1,482
-982
13,662
3,600
10,062
10,244
45,437
1,235
-34
26,257
6,229
20,028
17,979
5,100
19,081
10,161
8,978
9,298
31,859
Net increase in liabilities
U.S. off. f9n. exchan9e
& net IMF position
U.S. private deposits
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
31
32
33
Forei9n corporate equities 34
Credit market instruments 35
36
Corporate bonds
loans n.e.c.
foreign official
foreign banks
other forei9n
37
38
39
40
41
42
43
Security debt
Trade debt
44
45
Miscellaneous liabilities
U.S.equity in IBRD, etc.
U.S. govt. deposits
U.S. dir. invst111t. (2,3l
Equity, etc.
Retained earnin9s
Other
46
47
48
49
50
51
52
Discrepancy (FOF basis) (4)
Cll U.S. net sales, sign reversed.
12) Corporate bonds include net issues by Netherlands Antilles subsidiaries;
U.S. direct investment abroad is before subtracting net inflows of
capital from Netherlands Antilles subsidiaries to U.S. parents.
(3l Direct investment totals and retained earnings exclude
capital gains/losses included in balance of payments statistics.
(4) BOP discrepancy adjusted to national accounts concepts.
MILLIONS OF DOLLARS
6
Net financial investment
Net acq. of financial assets
Gold and SDRs Cll
U.S. checkable dep.
U.S. time deposits
Net interbank claims
32
33
53
5
53
DECEMBER 1988
Banking System
Benking System
21
ANNUAL FLOWS, 1970-81
-------------1970
Sector Statements of Saving and Investment
ANNUAL FLOWS, 1970-81
1971
1973
1972
1974
1975
1977
1976
1978
1979
1980
1981
Monetary Authority
21
-54
101
132
130
236
48
223
680
220
173
449
2 Net acq. of financial assets
Gold and foreign exchange
3
Treasury currency
4
SOR certificates
5
Federal Reserve float
6
F.R. loans to domestic banks
7
Security RPs
8
5,386
-725
301
400
821
152
8,474
-792
478
2,176
-545
686
8,136
-93
403
6,540
96
536
82
-296
1,504
-369
1,942
-1,357
-875
-723
-47
-1,098
-959
1,274
11,325
163
966
100
1,687
-70
346
9,727
132
602
700
-1,087
-204
3,106
8,541
45
511
50
1,209
240
-1,520
13,288
2,398
500
50
2,706
907
-1,502
10,891
-278
1,260
500
251
282
7,094
3,195
741
718
-2,300
355
8,213
440
650
800
-2,705
-208
350
Credit market instruments
U.S. government securities
Treasury securities
Agency issues
Acceptances
Bank loans n.e.c.
Miscellaneous assets
4,981
4,988
4,988
1,628
1,638
812
826
-10
9,274
9,276
8,650
626
-2
4,876
4,365
1,600
2,765
511
8,191
8,029
6,659
1,370
162
6,728
7,273
6,551
-7
7,362
7,339
6,854
485
23
-545
8,664
8,860
7,650
1,210
-196
8,452
8,452
8,560
-108
7,133
7,133
6,813
320
3,531
3,531
3,008
523
-544
136
191
197
1,815
-58
-250
-658
-223
l,183
-110
5,365
2,065
-273
8,528
3,638
2,075
-2,141
1,125
8,004
1,413
2,040
6,410
-1,217
952
11,089
209
612
9,679
-894
-131
8,318
1,712
1,801
12,608
4,353
1,548
10,671
-1,431
3,018
6,921
-2,336
1,319
-2,228 17
3,068
-382
-31
3,481
505
4,491
3,130
-1,106
3,357
-498
6,943
439
10,709
4,470
6,281
-268
6,278
-441
56
9,273
448
8,197
134
111
7,952
887
9,024
-1,070
-242
10,336
-1,086
10,884
1,246
141
9,497
292
19
3,924
l,194
4,779
-3,347
-29
8,155
26
6,259
-3,070
4,332
-39
10,628
3,085
163
7,380
76
4,064
3,176
5,183
6,047
5,994
6,827
4,095
6,311
6,011
5,532
1
2
Current surplus
9
10
11
12
13
14
15
16 Net increase in liabilities
18
17
Depository inst. reserves
Vault cash of coml. banks
19
Checkable dep. and currency
20
21
22
23
Due to U.S. government
Due to foreign
Currency outside banks
Miscellaneous liabilities
494
897
119
3,475
-95
-96
-69
223
-39
722
------------------
560
966
2
3
4
5
6
7
8
8,825 9
8,825 10
8,439 11
386 12
- 13
14
61 15
-
7,764 16
-l,184 18
20
21
22
23
Commercial Banking Cl)
3,544
3,008
3,130
2,725
3,993
3,292
4,382
4,037
4,148
3,051
3,413
-317
45,851
103
61,083
127
84,928
169
97,818
286
74,299
-182
43,801
112
75,403 107,375 152,321 139,143 121,448 118,534
625
990
-155
508
276
713
3
u.s. govt. securities
Treasury issues
Agency 1 ssues
36,792
10,759
6,918
3,841
51,050
7,124
3,115
4,009
74,950
6,481
81,268
-1,294
-8 ,872
7,578
64,553
713
-2,921
3,634
31,962
31,503
30,126
1,377
69,138
20,733
19,264
1,469
90,554 125,950 123,016 101,068 100,485
9,594 25,799 11,636
148
-780
1,824
-624 -7,812
2,013 16,110
9,812
7,581
772
7,032
9,689
7
Tax-exempt obl19ations
Corporate bonds
10,668
1,058
12,607
940
7,151
1,313
5,696
5,392
1,021
1,779
1,804
3,049
-646
Total loans
14,290
2,758
2,230
6,379
1,482
1,441
30,383
9,968
8,700
10,654
286
775
59,982
16,799
12,676
25,954
-204
4,757
76,477
19,754
12,619
48,792
-1,268
-3,420
57,415 -3,134
12,825
3,831
3,369
3,066
41,189 -13,195
2,220
1,098
-2,188
2,066
15,140
11,988
8,521
3,691
6,6:.:7
1 Current surplus
2 Fixed nonres. investment
3 Net acq. of financial assets
Checkable dep. and currency
4
5
6
7
8
'
10
11
12
Total bank credit
Mortgages
Consumer credit
Bank loans n.e.c.
Open-market paper
Security credit
13
14
15
16
17
18
19
20
Corporate equities
Cust. l1abs. on acceptances
Vault cash & res. at F.R.
Miscellaneous assets
21 Net increase in l1ab1lit1es
23
24
25
Checkable deposits
U.S. government
Foreign
Private domestic
22
2,422
4,059
340
3,281
910
45,967
4
5
6
8
9,522
-59
13,616
584
4,975 9
14 10
81,236 117,437 103,948
27,353 35,066 30,642
22,259 26,202 19,877
29,125 60,323 52,113
263 -1,287
2,187
2,236 -2,867
-871
61,081
17,474
-6,166
47,236
1,767
770
83,911 11
21,555 12
3,978 13
52,284 14
809 15
5,285 16
9,179
-40
9,550
-297
17
-4
23
49
12
10
35
31
40
11
-12
-51 17
1,607
1,792
831
4,132
4,943
-991
-1,016
11,816
1,994
3,453
10,817
9,592
-265
601
243
821
10,663
3,796
-1,025
3,649
3,131
3,513
9,669
-716
5,901
20,910
7,527
1,587
6,300
7,325
-1,017
13,447
11,294 18
-3,412 19
9,177 20
50,226
9,306
2,884
552
5,870
64,431
13,126
89,003
20,884
706
1,698
18,480
98,923
12,742
-1,008
2,964
10,786
78,092
-171
-5,058
2,603
2,284
49,938
7,587
-1,692
-277
9,556
79,103 110,515 152,973 136,260 120,812 133,892 21
8,624 22
13,365 24,471 25,373 26,353
5,102
4,292
400 -2,558 -1,114 23
-89
6,760
-304
259 -3,926 24
3,032
2,429
4,133
10,422 17,750 18,917 21,820
7,401 13,664 25
5,557
2,231
-312
11,207
26
Small time and savings dep.
14,153
28,569
25,636
12,623
17,315
39,796
54,491
28,110
13,231
29,450
44,828
40,070 26
27
28
Large time deposits
Fed. funds and security RPs
23,485
-4,057
12,670
4,016
16,676
38,016
16,254
39,349
1,387
-9,936 -15,260
1,453 13,890
25,979
10,561
48,556
22,516
13,796
16,971
47,222
51,537 27
14,776 28
29
Net interbank claims
-4,769
973
-3,769
1,573
-4,614
-728
-6,176
-806 -11,996
-2,057
1,617
2,486 -3,754
-1,235 -9,859
-4,893
1,449
19,915 -32,041 -26,876
533 -l ,945 -2,913
-1,716 -3,508 -3,024
21,098 -26,588 -20,939
29
30
31
32
33
34
35
36
2,244
20,481
To Federal Reserve
To domestic banks (2)
To foreign banks
-6,388
-5,873
-214
-1,049
-4,610
-920
10,210
3,613
185
6,412
33
34
35
36
Corporate equity issues
Credit market debt
Corporate bonds
Open-market paper
127
876
1,198
-322
624
2,456
1,993
463
l,168
2,714
3,051
-337
1,216
5,192
934
4,258
1,000
14,276
l,137
13,139
1,000
4,696
4,129
567
1,600
6,560
3,521
3,039
572
7,532
3,094
4,438
1,143
7,021
1,012
6,009
1,328
13,192
-230
13,422
367
14,999
1,308
13,691
486
20,797
2,048
18,749
37
38
Profit taxes payable
Miscellaneous liabilities
340
10,765
-27
8,870
-200
23,650
85
18,971
125
5,617
-325
17,663
12,559
185
17,998
115
24,808
479
14,776
-546
20,400
24,842 38
4,028
-212
-3,716
-2,852
15,837
30
31
32
39 Discrepancy
40 Memo:
Credit mkt. funds adv.
646
-1,598
612
-5,190
4,911
3,753
4,776
1,450
4,890
9,867
6,071
36,941
51,110
69,179
86,633
76,321
30,129
66,272
(1) Consists of u.s.-chartered commercial banks, domestic affiliatesCBHC'sl,
Edge Act corporations, agencies and branches of foreign banks, and banks
in U.S. possessions. Edse Act corporations and offices of foreisn banks
appear tosether in these tables as "foreisn bankins offices in U.S."
IBF' s are excluded from domestic bankins and treated like branches
in foreign countries.
(2) Floats and discrepancies in interbank deposits and loans.
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
-8,102
-1,291
-861
-5,950
-5,422
-364 37
39
91,418 128,061 131,403 107,635 106,545 40
DECEMBER 1988
Bankin9 System
Banking Systea
22
ANNUAL FLOWS, 1982-87
------------------------·
-------------------------------------------Sector Statements of Savin9 and Investment
ANNUAL FLOWS, 1982-87
1982
1983
1984
1985
1986
1987
Monetary Authority
147
507
575
-1,144
-1,884
2
3
4
5
6
7
8
12,390
526
9,445
-1,697
14,589
534
1,300
973
-884
2,093
-1,172
201
-3,763
-708
2,659
24,942
1,950
634
100
133
-517
3,208
31,935 10,740
428 -3,786
515
610
300
-450
273
-1,495
2,250
10,782 -14,689
9
7,681
7,681
7,869
-188
14,659
14,659
14,951
-292
8,409
8,409
8,665
-256
18,413
18,413
18,575
-162
19,429
19,429
19,827
-398
10
11
12
13
14
15
561
689
686
5
-1,825
Net seq. of financial assets
Gold and forei9n exchange
Treasury currency
SDR certificates
Federal Reserve float
F.R. loans to domestic banks
Security RPs
24,650
24,650
24,926
-276
140
528
3,004
1,021
1,703
2,155
16
17
18
12,243
1,261
909
8,938
-5,043
1,464
14,014
373
26,086
6,812
1,299
33,819
19,476
115
12,565
-6,323
-794
19
20
21
22
23
10,153
717
-249
9,685
-80
12,995
-1,338
26
14,307
-478
10,285
1,705
-39
8,619
114
16,560
4,072
118
12,370
1,415
12,366
-1,878
-171
14,415
1,862
-2,264
-56
3,242
Current surplus
Credit market instruments
U.S. 9overnment securities
Treasury securities
A9ency issues
Acceptances
Bank loans n.e.c.
Miscellaneous assets
Net increase in 11eb111ties
Depository inst. reserves
Vault cash of coml. banks
Checkable dep. end currency
Due to U.S. 9overnment
Due to forei9n
Currency outside banks
Miscellaneous liabilities
16,692
19,012
2,990
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
Commercial Bankin9 Cl)
---------------------------------1
2
6,073
6,556
7,058
8,642
5,817
15,672
10,963
19,577
13,865
23,405
15,538
26,889
3 136,839 150,068 199,763 238,813 257,584 161,687
-57
-294 -1,135
-84
164
274
4
5 102,445 139,890 170,825 206,860 194,520 124,512
6
26,641
19,375
7,266
48,555
47,830
725
619
1,874
-1,255
9,736
12,119
-2,383
9
4,536
1,473
4,750
4,724
10,761
4,246
57,172 -28,523 -29,101
5,831 23,624 23,983
7
8
10
43,309
5,310
37,999
26,854
-2,290
29,144
11 69,785 81,860 155,272 134,035 156,103 102,866
12 15,956 29,249 44,617 49,698 70,054 85,969
13
6,739 22,731 45,181 37,488 20,413 18,340
1,852
14 46,737 26,659 61,127 38,345 72,309
-866
1,958
775 -1,447 -2,479
347
15
5,794 10,983 -5,807 -5,253
2,446
6
16
17
10
18
19
20
7,735
2,170
24,546
6,853
-3,579
7,198
-73
86
3,760
3,615
22,698
-9,460
8,111
33,386
-90
-5,570
19,591
48,879
6,475
-7,117
37,543
21 l�:.-351 163,483 205,456 234,934 242,922 159,802
22 )Q,)89 15,906 29,194 53,887 94.120 -19,762
23
t,061 -5,343
4,025 10,251
1,683 -5,836
24 -'-�ll
1,579
1,979
1,447
2,850 -1,347
25 16,539 19,670 23,190 42,189 89,587 -12,579
Current surplus
Fixed nonres. investment
1
2
Net acq. of financial assets
Checkable dep, and currency
3
Total bank credit
U.S. 9ovt. securities
Treasury issues
A9ency issues
Tax-exempt obli9ations
Corporate bonds
Total loans
Mortgages
Consumer credit
Bank loans n.e.c.
Open-market paper
Security credit
Corporate equities
Cust. liabs. on acceptances
Vault cash & res. at F.R.
Miscellaneous assets
Net increase in liabilities
Checkable deposits
U.S. government
Foreign
Private domestic
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
%-371 130,801
74,583
80,348
71,550
27,353
Small time and savings dep.
26
27
28
L-952 -48,307
9-188 14,766
38,266
1,577
11,761
31,257
3,221
19,199
42,089
10,941
Lar9e time deposits
Fed. funds and security RPs
27
28
1,517
-971
-9,981
12,469
10,639
1,951
6,404
2,284
21,166
-384
7,003
14,547
10,422
-1,222
-1,095
12,739
40,740
1,800
-5,178
44,118
Net interbank claims
To Federal Reserve
To domestic banks (2)
To foreign banks
30
31
32
Corporate equity issues
Credit market debt
Corporate bonds
Open-market paper
33
34
35
36
Profit taxes payable
Miscellaneous liabilities
37
38
29 -:'6,471
30
89
31
-861
32 -35,699
33
34
35
36
598
18,447
5-962
12 � 485
37
38
781
17,135
8,413
8,722
1,100
22,846
12,875
9,971
1,385
9,646
16,907
-7,261
1,350
963
5,575
-4,612
1,569
9,976
2,076
7,900
-121
23,198
-69
30,953
5
27,246
75
25,409
-21
42,118
53
46,843
6,029
11,831
-4,162 -12,493 -24,202 -13,236
39
40 li0,164 144,296 168,864 186,331 194,750 136,330
Discrepancy
39
Memo:
40
Credit mkt. funds adv.
Cl) Consists of U.S.-chartered commercial banks, domestic affiliatesCBHC'sl,
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 in U.S."
IBF's are excluded from domestic banking and treated like branches
in foreign countries.
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
29
C2l Floats and discrepancies in interbank deposits and loans.
DECEMBER 1988
Commercial Bankin9 Subsectors
Commercial Bankin9 Subsectors
23
Subsector Statements for Component Groups in Commercial Bankins
------------
ANNUAL FLOWS, 1970-"8\1
1970
1971
1972
1973
1974
1975
--------------------
ANNUAL FLOWS, 1970-81
1976
1977
1978
1979
1980
1981
5,183
6,047
5,994
6,827
4,095
6,311
6,011
5,532
1
2
91,309 121,539 111,488
83,523 106,407 105,829
-1,267
118
7,371
-2,153 -6,716
-189
6,834
886
7,560
92,756
82,920
24,983
15,253
9,730
99,039
91,398
11,400
l, 789
9,611
4
5
6
5,704
-16
u.s.-Chartered Commercial Banks
1 Current surplus
2 Fixed nonres. investment
4,064
3,176
3,544
3,008
3,130
2,725
3,993
3,292
4,382
4,037
4,148
3,051
3,413
-317
3,281
910
3 Net acq. of financial assets
4
Total bank credit
5
u.s. 9overnment securities
Treasury issues
6
7
A9ency issues
37,151
34,460
10,874
7,033
3,841
55,648
50,999
7,197
3,188
4,009
73,567
73,594
5,954
2,098
3,856
79,976
75,534
-1,381
-8,768
7,387
60,413
56,024
743
-2,751
3,494
29,449
30.,470
30,096
28,448
1,648
60,620
60,967
19,555
18,080
1,475
8
Tax-exempt obl19at1ons
10,454
781
12,783
1,234
7,114
1,359
5,610
373
5,1::0
1,007
1,634
1,765
2,603
-641
9,213
-304
9,363
-621
9,700
-299
13,158
509
Total loans
12,351
2,660
2,230
4,908
l,112
1,441
29,785
59,167
16,790
12,676
25,349
-318
4,670
70,932
19,590
12,619
43,079
-1,506
-2,850
49,144 -3,025
3,570
12,30]
3,066
3,369
34,021 -12,923
1,108
1,567
2,154
-2,114
39,450
15,197
11,988
2,844
3,233
6,188
75,881
27,307
22,259
24,352
186
1,777
97,547
35,206
26,202
41,376
-2,256
44,270
16,052
-6,166
32,246
-2,981
89,057
29,808
19,877
38,637
1,564
-829
1,154
-793
-1,016
l,782
1,595
3,453
-606
7,673
-265
-3,019
195
821
-2,037
3,037
-1,025
-2,359
2,506
3,513
1,767
-415
5,323
10,224
6,016
1,599
-1,956
-1,170
77,642
24,202
706
1,392
22,104
81,081
12,478
-1,008
2,226
11,260
64,206
-1,325
-5,058
2,071
1,662
35,586
7,011
-1,692
-459
9,162
64,320
10,998
-89
1,679
9,408
94,449 122,191 108,605
21,452 22,914 25,596
6,760
�,292
400
-48
1,676
3,377
15,484 16,202 21,819
39,796
9
10
11
12
Corporate bonds
Hort9a9es
Consumer credit
13
Bank loans n.e.c.
Open-market paper
14
15
16
17
18
Security credit
Cust. liabs. on acceptances
Vault cash & res. at F.R.
1,286
1,792
-387
Hiscellaneous assets
41,52
t
5,12
19 Net increase in liabilities
Checkable deposits
U.S. 9overnment
20
21
22
23
2,884
524
1,718
Forei9n
Private domestic
9,836
8,700
10,259
215
775
665
4,132
-148
58,996
12,973
2,231
-496
11,238
984
5,838
5,168
3
7
8
9
74,310 10
19,739 11
3,978 12
46,149 13
-235 14
15
4,679
8,246 16
-4,009 17
3,404 18
92,120 114,397 19
10,691 14,768 20
-2,558 -1,114 21
-168 -3 ,022 22
13,417 18,904 23
24
Small t1me&savin9s deposits
14,153
28,569
25,636
12,623
17,315
54,491
28,110
13,231
29,450
44,828
40,070 24
25
26
Lar9e time deposits
Fed. funds and security RPs
23,109
-4,057
12,410
4,016
17,048
2,244
37,055
16,254
38,225 -13,320 -15,642
1,453 13,890
1,387
23,763
10,561
42,135
22,516
10,163
16,971
39,329
20,481
43,924 25
14,776 26
27
Net interbank liabilities
Federal Reserve float
Borrowin9 at F.R. banks
To domestic bankin9
To forei9n banks
-3,867
821
152
1,253
-6,093
-7,046
82
-296
-1,776
-5,056
-5,960
-369
1,942
-6,778
-755
-5,937
-875
-n3
-3,428
-911
-5,219
-1,098
-959
-927
-2,235
-6,862
1,687
-70
-65
-8,414
-9,310
-1,087
-204
866
-8,885
-2,569
1,209
240
-2,324
-1,694
83
2,706
907
-5,598
2,068
6,601 -39,800 -20,309 27
251 -2,300 -2,705 28
282
355
-208 29
-8,432 -14,229 -11,043 30
14,500 -23,626 -6,353 31
1,299
127
671
624
1,612
1,216
340
5,198
6,000
-802
-27
5,951
5,000
951
-801
l,168
1,137
-200
13,168
6,000
7,168
7,750
1,000
155
125
4.793
7,000
-2,207
196
1,000
189
-325
6,448
7,000
-552
3,067
1,600
682
2,529
572
554
185
6,508
2,784
-438
1,143
177
115
20,315
4,786
15,529
224
479
10,738
5,430
5,308
6,231
367
165
-546
10,374
6,859
3,515
4,028
-212
-3,716
84,252 108,973 112,674
28
29
30
31
32
33
34
35
36
37
38
39
Acceptance liabilities
Corporate equities
Corporate bonds
Prof1t taxes payable
Miscellaneous liab1lit1es
Inv. by dom. affiliates
Other
98
Discrepancy
40 Memo:
Credit mkt. funds adv.
855
8
85
5,687
4,000
1,687
4,911
3,753
4,776
1,450
4,890
9,867
6,071
34,305
50,889
68,131
79,979
65,811
28,511
57,816
-----------1 Net acq. of financial assets
2
Total bank credit
3
U.S. 9overnment securities
4
Tax-exempt obl19at1ons
5
Corporate bonds
6
Total loans
7
Mort9a9es
8
Bank loans n.e.c.
9
Open-market paper
10
Security credit
Corporate equi t1es
11
12
13
14
Cust. liabs. on acceptances
Member bank reserves
Miscellaneous assets
15 Net increase 1n
4,544
4,640
-96
2,166
3,189
-144
191
Foreisn Bankin9 Offices in
2,180
1,311
322
2,833
671
-146
-234
-193
-295
580
2,463
370
509
71
17
-4
847
114
87
23
292
9,292
-32
-50
1,048
4,439
3,923
160
26
-43
3,731
52
4,011
238
-570
49
8,479
7,148
194
50
13
6,879
48
6,252
653
-74
12
1,602
l,128
-164
33
33
1,216
85
1,229
-10
-88
10
5,274
4,761
546
2
-74
A,252
-96
3,451
458
439
35
7,055
8,517
486
-100
-364
12,629
7,816
4,813
32
33
34
35
36
37
38
-2,852
15,837
39
87,604
94,965
40
-42
18,130
17,962
536
156
44
17,238
1,322
15,517
783
-384
-12
10,641
10,005 2
613 3
-71 4
312 5
9,202 6
1,738 7
5,814 8
1,044 9
606 10
-51 11
l, 528
u.s.
5,738
5,395
-87
48
157
5,246
-34
4,744
77
459
31
21,754
19,768
459
-133
142
19,260
48
18,129
969
114
40
16,549
15,239
523
66
131
14,508
753
13,174
623
11
321
166
-198
399
1,919
48
759
625
-1,344
651
1,067
117
-588
426
-246
-282
-301
578
1,709
1,511
-12
-189
1,487
153
-1,472
3,048 12
597 13
-3,009 14
2,166
4,180
376
671
153
260
2,180
-3,318
-372
4,439
264
8,479
l,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
16,549
757
3,633
18,130
-5,589
7,893
10,641 15
-6,144 16
7,613 17
16
17
18
11abilit1es
Checkable deposits
Time deposits
Fed. funds and sec RPs lnet>
19
20
21
Net interbank 11ab111t1es
To fore19n banks
To domestic banks
-902
-2�5
-607
1,173
446
727
2,191
27
2,164
2,261
-1,779
4,040
4,613
2,000
2,613
-4,134
-1,445
-2,689
2,136
3,035
-899
-868
874
-1,742
10,443
3,355
7,088
10,812
5,787
5,025
9,824
-846
10,670
4,509 19
-8,444 20
12,953 21
22
23
Acceptance liabilities
Miscellaneous 11abil1t1es
324
-1,812
168
-l,083
-200
3,879
402
551
1,938
-350
49
l,727
767
-378
633
738
-253
2,684
1,820
-473
1,899
4,103
3,216 22
1,447 23
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
961
-
18
DECEMBER 1988
commercial Bankins Subsectors
Subsector Statements for Component Groups in Commercial Bankins
Commercial Bankin9 Subsectors
24
ANNUAL FLOWS, 1982-87
ANNUAL FLOWS, 1982-87
1982
1984
1983
1985
1986
1987
----------
u.s.-Chartered Commercial Banks
13,865
23,405
15,538
26,889
Current surplus
Fixed nonres. investment
3 111,260 131,288 166,199 193,117 177,476
4 104, 177 133,897 166,211 183,422 163,852
4,591 42,369
1,308
5 26,716 44,159
5,880
7,456
2,512
6 19,449 43,493
666 -1,204 -2,865 36,489
7,267
7
90,474
97,041
24,835
-3,059
27,894
Net acq. of financial assets
Total bank credit
U.S. 9overnment securities
Treasury issues
Asency issues
1
2
7,058
8,642
6,073
6,556
3,843
3,623
5,817
15,672
12,613
3,208
10,963
19,577
57,225 -28,386 -29,105
2,:!70 18,376 20,707
8
9
4,585
10
71,200
15,378
6,739
47,574
1,046
463
82,272 149,082 119,336 131,493
28,953
22,731
27,480
1,141
1,967
44,391
45,181
55,388
-556
4,678
49,371
37,488
28,492
-2,805
6,790
67,010
20,413
50,721
-714
-5,937
80,604
80,783
18,340
-16,463
l,118
-3,174
6,970
1,823
-1,710
4,617
-2,913
-4,313
-2,847 -11,072
7,397
3,312
-477 13,370
-7,252
18,999
1,877
-1,046
-6,657
1,136
11
12
13
14
15
16
17
18
19
20
21
22
23
1,676
117,772 144,703 171,892 189,238 162,814 88,589
20,874 15,574 30,228 51,776 93,196 -19,133
1,683 -5,836
4,025 10,251
6,061 -5,343
2,732 -1,482
105
2,822
1,392
-2,246
17,059 19,525 23,381 41,420 88,781 -11,815
Tax-exempt obligations
Corporate bonds
Total loans
Mortgages
Consumer credit
Bank loans n.e.c.
Open-market paper
Security credit
Cust. 11 abs. on acceptances
Vault cash 8 res. at F.R.
Miscellaneous assets
Net increase in liabilities
Checkable deposits
U.S. government
Forei9n
Private domestic
l
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
96,371 130,801
74,583
80,348
71,550
27,353
Small time&savings deposits
24
25
26
2,278 -38,712
9,188 11,266
33,901
1,909
10,849
26,782
-6,570
10,761
37,653
12,645
Large time deposits
Fed. funds and security RPs
25
26
27 -25,967
973
28
-884
29
30 -2,543
31 -23,513
8,209
-1,172
201
1,234
6,750
-708
2,659
6,558
-1,759
8,518
-3, 100
273
-1,495
801
-2,679
::'0-<';70
-450
2,250
1,554
17,116
Net interbank liabilities
Federal Reserve float
Borrowing at F.R. banks
To domestic banking
To foreign banks
27
28
29
30
31
32
9,509
3,028
781
36
607
-121
4,435
13,237
-8,802
-69
14,045
12,631
1,414
-3,572 -10,855
1,385
1,100
4,479
3,559
75
5
23,429 15,881
5,545
10,307
13,122 10,336
-1,014
1,569
666
53
8,327
14,532
-6,205
Acceptance liabilities
Corporate equities
Corporate bonds
Profit taxes payable
Miscellaneous liabilities
Inv. by dom. affiliates
Other
32
33
34
35
36
37
38
6,029
11,831
-4,162 -12,493 -24,202 -13,236
33
34
35
'57
38
39
40
1
2
3
4
5
6
598
------------
7,810
957
814
-so
10
11
12
13
14
5,741
15
16
17
?,8J 0
-! , 685
10, o 74
8
18
765
347
19 -7, 66 7
20 -10 009
21
2,342
22
23
-220
-517
-1,215
10,117
-8,681
1,350
2,214
-21
2,115
-281
2,396
110,684 136,547 158,686 165,560 162,537
71
112
1,078
190
-699
-457
10
7
7,946
133
I, 550
4,938
99,169
Discrepancy
39
Memo:
40
Credit mkt. funds adv.
Foreign Banking Offices in U.S.
Net acq. of financial assets
39,713
33,412
3,613
43,654
25,336
868
4,991
24,801
2,932
21,891
-152
130
7
2,939
21,619
5,103
17,755
840
-2,079
1,612
714
-105
1,682
592
4,027
7,521
-460
11,257
13,353
-1,034
4,365
-332
21,316
2,111
912
4,475
39,713
924
9,791
8,438
43,654
-629
4,436
-1,704
3,893
7,660
-3,767
3,110
4,629
-1,519
9,947
4,934
5,013
12,931
14,140
-1,209
15,828
23,537
-7,709
Net interbank liabilities
To foreign banks
To domestic banks
20
21
2,237
967
7,269
-25
1,495
2,376
2.824
7,438
18,285
Acceptance liabilities
Miscellaneous liabilities
22
23
1,334
1,917
1,692
-97
396
-75
196
-384
-366
479
1
13,353
7,300
2,236
-666
-2,153
6,607
303
1,334
332
-9,595
3,500
MILLION'.> OF DOLLARS
-629
-91
1,765
6,328
426
5,677
-891
l,116
-73
-857
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
21,316
19,095
443
-77
3,519
15,124
127
10,478
326
4,193
86
4,805
-9 0
Total bank credit
U.S. government securities
Tax-exempt obligat1 ons
Corporate bonds
Total loans
Mortgages
Bank loans n.e.c.
Open-market paper
Security credit
Corporate equities
Cust. liabs. on acceptances
Member bank reserves
Hiscellaneous assets
1
2
3
4
5
6
7
8
10
11
12
13
14
Net increase in liabilities
15
Checkable deposits
16
Time deposits
17
Fed. funds end sec RPs Cnet) 18
19
DECEMBER 1988
Co•mercial Banking Subsectors. Continued
25
Commercial Banking Subsectors. Continued
Commercial Banking Subsectors, Continued
ANNUAL FLOWS, 1970-81
ANNUAL FLOWS, 1970-81
1970
1971
1973
1972
1974
1975
1976
1977
1978
1979
1980
1981
Domestic Affiliates of Commercial Banks CBHC'sl
Net acq. of financial assets
2
3
Credit market instruments
U.S. govt. securities
Bank loans n.e.c.
5
Hi scellaneous assets
Inv. in bank subsidiaries
Inv. in finance co. subs.
Other
4
6
7
8
9 Net increase in liabilities
10
11
12
13
Net interbank claims
To domestic banks
To foreign banks
Corporate bonds
Commercial paper
15
16
Hiscellaneous 11abi 11t1 es
Equity, etc.
Other
14
17
6,040
4,255
8,715
12,930
5,340
11, 69_0
9,130
9,495
8,407
9,964
8,947
6,146
-992
-114
-242
1.702
916
-992
-114
-242
1,702
916
-1
1,500
-1.501
2,781
555
2,226
1,323
1,294
29
-466
-1,284
818
1,959
1,657
302
-345
182
-527
231
-90
321
2
3
7,032
6,000
4,369
5,000
l,032
-1,196
565
8,957
6,000
2,385
572
11,228
4,000
1,384
5,844
4,424
7,000
667
-3,243
11,691
7,000
5,799
-1,108
6,349
4,640
3,921
-2,212
8,172
6,508
1,572
92
8,873
4,786
4,424
-337
8,005
5,430
3,385
-810
9,292
6,859
2,803
-370
5,915
7,816
-2,604
703
5
6
7
6,040
4,255
8,715
12,930
5,340
11,690
9,130
9,495
8,407
9,964
8,947
6,146
-2,500
-200
800
-1.000
982
3,451
-1.000
-1,000
3,9t,O
322
-928
-828
-100
2,839
-795
-1.456
-1,356
-100
2,540
1,276
-316
-1,305
989
835
6,700
2,502
1,691
811
-454
4,547
1,107
4.184
-3,077
8,428
7,323
l,105
8,014
4,724
3,290
7,135
5,107
2,028
l,188
3,554
-2,366
3,369
5,118
-1,749
4,308
6,306
-1,998
1,100
-1,945
l,138
-376
1,914
-2,500
926
2,244
6,885
5,727
1,158
3,493
1,488
2,005
6,137
7,072
12,260
10,183
664
-935
2.011
4
8
-2.065 -11,076 10
51 -4,934 11
-2,116 -6,142 12
1,143
2,148 13
5,561
7,016 14
8,058 15
8.101 16
-49 17
Banks in U.S. Possessions
1 Net acq. of f1 nancial assets
2
Checkable dep. and currency
494
509
127
169
466
473
286
-182
67
1,060
112
379
-155
833
508
621
276
1,142
713
1,615
625
2,708
990
1
2
3
135
29
23
-15
120
-22
311
161
287
205
365
71
112
629
77
444
22
-13
465
-224
212
l
54
-6
182
129
-90
313
208
-82
107
-12
92
241
-73
320
182
148
-336
-11
43
-244
109
60
21
531
98
302
31
80
20
-1,149
-287
-658
-282
80
-2
3
4
l
107
25
109
-73
60
10
14
98
8
Credit market instruments
U.S. government securities
Tax-exempt obligations
Corporate bonds
Home mortgages
Commercial mortgages
9
Miscellaneous assets
4
5
6
7
10 Net increase 1n deposit 11ab.
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
103
17
69
4
422
6
69
256
71
10
78
-216
583
-95
12
104
440
459
494
509
466
473
67
1,060
.379
833
621
1,142
1,615
2,867
5
6
7
8
9
2,708 10
DECEMBER 1988
commercial Bankin9 Subsectors, Continued
Commercial Bankin9 Subsectors, Continued
26
Commercial Bankin9 Subsectors, Continued
ANNUAL FLOWS, 1982-87
---------
ANNUAL FLOWS• 1982-87
1982
1984
1983
1985
1986
1987
Domestic Affiliates of Commercial Banks (BHC's)
18,845
16,761
24,668
24,284
39,491
27,509
2
3
4
-2,183
-l, 156
-1,027
1,161
1,598
-437
587
5:5
62
4,047
4,672
-625
-3,075
-2,772
-303
1,901
1,341
560
5
6
21,028
13,237
7,189
602
15,600
12,631
2,424
545
24,081
10,307
12,471
l,303
20,237
5,545
14,963
-271
42,566
-281
41,458
1,389
25,608
14,532
10,609
467
18,845
16,761
24,668
24,284
39,491
27,509
10 -2,837 -10,585
-660 -7,448
11
12 -2,177 -3,137
8,633
5,355
13
3,457
1,426
14
779
1,365
-586
9,316
6,274
2,701
3,205
-504
12,428
2,099
591
-687
1,278
3,361
1,245
4,442
977
3,465
1,410
1,476
8,299
9,861
-1,562
7,056
7,529
-473
34,294
17,416
16,878
20,181
15,796
4,385
7
8
15
16
17
14,901
13,987
914
15,256
14,308
948
Net acq. of financial assets
Credit market instruments
u.s. 9ovt. securities
Bank loans n.e.c.
Miscellaneous assets
Inv. in bank subsidiaries
Inv. in finance co. subs.
Other
Net increase in 11abil1ties
2
3
4
5
6
7
8
9
Net interbank claims
To domestic banks
To forei9n banks
Corporate bonds
Commercial paper
10
11
12
13
14
Miscellaneous liabilities
Equity, etc.
Other
15
16
17
Banks in U.S. Possessions
1
-1,076
-57
-294
685
-4,457
-1,135
-84
96
904
164
3
2,915
1,106
1,004
705
-120
220
-3,273
-585
-1,761
-727
280
-480
296
30
24
42
80
120
331
8
-506
267
l
-274
-220
-280
-137
257
55
57
234
-190
4
337
142
-59
-513
-1,936
-49
-116
409
-458
10
-1, 076
685
-4,457
96
904
50
2
4
5
6
7
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
99
50
274
Net acq. of financial assets
Checkable dep. and currency
Credit 11arket instru11ents
U.S. 9overnment securities
Tax-exempt obli9ations
Corporate bonds
Home mort9a9es
co-ercial 11ort9a9es
Hiscellaneous assets
Net increase in deposit liab.
1
2
3
4
5
6
7
8
9
10
DECEMBER 1988
Nonbank Finance Su11mary
27
Nonbank Finance Su11mary
Private Nonbank Financial Institutions
ANNUAL FLOWS, 1970-81
ANNUAL FLOWS, 1970-81
1970
1971
1972
1973
1978
1979
1980
1981
12,793
6,842
-37
10,298
7,847
-36
2,486
10,447
40
l
2
3
87,525 138,216 161,671 197,674 229,497 249,475 254,644 323,184
2,616
894
2,274
2,625
2,278
618
l,149
1,742
4,957 10,357 12,843 14,300 22,741
6,100
9,505 -1,955
244
518
1,420
2,309
7,631
1,800
5,500
3,897 16,362
3,006
1,623
2,398 -1,048
4,639
14
456
1,660 12,077
4
5
6
7
8
9
1974
1975
1977
1976
Private Nonbank Financial Institutions - Total
Current surplus
2 Fixed nonres. investment
3 Multi-family resid. invest.
4 Net acq. of financial assets
Checkable dep. and currency
5
Time and savings deposits
6
Honey market fund shares
7
8
9
Security RPs
Foreign deposits
2,240
2,003
83
55,534
355
1,181
4,559
2,631
134
4,609
2,894
372
4,637
3,440
240
85,092 125,600 101,182
1,600
237
734
2,365
939
2,347
106
726
499
2,042
5,074
4,591
350
3,416
6,918
999
6,671
6,306
542
11,199
5,575
71
14,878
5,495
-82
10
11
Mutual fund shares
Other corporate equities
537
10,803
-163
19,384
-48
21,411
858
11,928
l,142
5,630
12
13
14
15
16
17
18
Credit market instruments
U.S. government securities
Tax-exempt obl1 gat1 ons
Corporate & foreign bonds
Mortgages
Consumer credit
Other loans
40,834
2,983
1,892
12,007
17,566
1,673
4,713
57,219
209
3,970
13,054
31,654
4,496
3,836
84,370
7,028
4,602
15,347
43,431
5,754
8,208
83,246
3,278
3,635
12,464
45,829
8,782
9,258
65,654
5,636
1,646
15,657
25,470
5,240
12,005
97,785 137,809 164,032 173,762 180,755 179,628 221,770 12
20,231 29,602 17,247 15,854 17,406 49,683 72,715 lS
9,947
7,748 14
5,958 10,067 13,800 15,182 10,998
30,513 26,504 35,016 35,217 27,309 34,738 27,743 15
28,012 47,763 68,460 71,653 67,043 45,489 28,238 16
8,590 12,625 17
1,704
8,798 14,083 17,330 19,377
11,367 15,075 15,426 18,526 38,622 31,181 72,701, 18
19
20
21
Security credit
Trade credit
Miscellaneous assets
-1,288
472
2,534
2,576
291
1,978
3,721
1,181
10,501
-4,336
643
5,625
-1,566
535
7,014
648
17,013
56,515
17,046
80,688 124,675
40,526 46,007
99,005
27,824
22,132
21,702
4,406
25,063
2,513
423
45,306
2,306
358
37,576
1,803
87,862 146,584 155,863 192,076 216,968 236,378 243,054 320,937 22
59,436 69,165 69,719 59,117 46,858 53,551 25,894 23
2,379
1,317
201
6,921 34,406 30,831 109,796 24
-10
3,704 15,149 25
79
1,917
2,165 -2,861
767
1,417
40,855 68,125 51,903 71,911 87,802 93,654 109,710 107,871 26
1,719
4,655
-25 -1,096
951
3,027
5,920 27
1,302
5,073
2,578
116
414
639
1,326
2,208
2,911
134
1,525
317
-2,679
11,983
3,996
480
6,254
1,210
43
21,925
3,506
320
8,237
2,694
7,168
12,961
1,943
169
3,884
308
6,657
-3 ,643
2,759
379
-3,565
743
-3,959
l,094
2,990
388
-3,291
2,990
-1,983
21,312
8,871
12
-239
8,357
4,311
29,202
6,837
150
1,784
7,934
12,497
28,810
5,692
-10
543
13,417
9,168
5,611
309
-40
-1,017
-766
7,125
980
l,146
4,116
-3,427
-2,925
2,884
7,351
l,912
347
1,068
6,693
224
-127
207
9,359
14,327
-40
756
8,876
69
429
17,225
523
-192
24,960
739
-232
26,348
840
7,084
73
950
11,923
262
29,758
-332
721
29,395
-778
716
28,361
l,135
-2,610
418
-1,220
470
3,867
-5,985
-45
-3,064
-7,109
-9,103 -10,248 39
22 Net increase in liabilities
Thrift deposits
23
Honey market fund shares
24
Security RPs
25
26
Insurance & pension reserves
Corporate equity issues ( 1)
27
28
29
30
31
32
33
Credit market instruments
Corporate bonds
Mortgages
Bank loans n.e.c.
Open-market paper
Fed. Home Loan Bank loans
34
35
36
37
38
Security credit
Trade debt
Profit taxes payable
Proprietor net investment
Miscellaneous liabilities
39 Discrepancy
(l)
387
11,162
1,022
414
8,705
3,905
1,210
8,811
375
11,127
2,017
1,298
9,710
-461
12,692
2,618
1,480
23,659
1,040
18,649
313
1,935
20,107
1,509
23,006
7,279
1,984
16,447
-2,299 10
28,103 11
-1,714 19
2,649 20
13,586 21
33,733
2,359
20
1,192
13,931
16,231
28
29
30
31
32
33
-
3,091 34
35
-1,347 36
501 37
20,329 38
Includes mutual fund shares.
Savings Institut1 or,:. Combined
1 Current surplus
2 Fixed nonres. investment
3 Net acq. of financial assets
4
Checkable dep. and currency
Time deposits
5
Security
RPs
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
Corporate equities
Credit market instruments
U.S. govt. securities
Tax-exempt obligations
Corporate bonds
Mortgages
Home mortgages
Multi-family
Commercial
Farm
Consumer install. credit
Consumer noninstall.credit
Other loans (to business>
Open-market paper
Miscellaneous assets
22 Net increase in liabilities
Deposits
23
24
Checkable
Small time and savings
25
Large time
26
27
Security RPs
28
Cr. mkt. instr. CS&L>
29
Profit taxes payable
30
Miscellaneous liabilities
31 Discrepancy
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1,536
529
1,938
450
2,255
843
2,895
707
2,276
861
2,t'l2
871
2,902
848
3,844
859
5,060
950
4,292
1,287
1,232
1,474
-6,402
1,339
2
19,954
49
1,035
106
41,243
-154
2,774
726
50,040
354
1,888
499
39,247
-98
-664
2,042
31,862
51
1,460
2,306
57,713
334
5,034
-l,105
71,998
186
-1,528
1,634
84,886
-11
1,011
2,876
81,304
1,149
-660
1,720
66,061
485
-1,500
3,436
65,843
1,679
5,003
666
43,099
2,618
-777
7,376
3
4
5
6
333
17 • 089
1,286
27
1,201
475
37,035
3,616
3,883
603
45,113
3,479
498
2,136
375
35,260
336
68
-1,092
196
25,346
-294
324
916
161
50,930
9,738
1,623
3,546
63
68,413
10,243
589
2,799
370
78,568
6,980
386
l, 163
68
71,267
4,497
582
68
-59
55,412
1,042
-530
-1,060
-536
51,304
18,065
-500
703
-594 7
26,167 8
3,645 9
13 10
-259 11
11,330
7,509
2,292
1,525
4
25,953
15,998
5,556
4,467
-68
36,414
26,459
4,766
5,177
12
33,208
25,233
3,161
4,812
2
21,265
16,112
I,727
3,428
-2
30,214
2,608
5,285
-3
47,565
38,750
3,263
5,551
l
61,942
52,099
4,948
4,911
-16
57,778
49,987
4,333
3,454
4
48,218
42,758
2,124
3,335
l
29-575
28,010
6
1,568
-9
17,106
15,896
-651
1,861
12
13
14
15
16
1,424
116
1,949
217
1,947
235
3,621
565
3,119
183
4,423
401
6,631
270
8,081
318
7,254
510
3,557
2,411
1,955
-475
1,705
1,342
1,197
387
404
1,583
-1,446
2,332
-167
2,503
985
2,359
316
3,230
-302
2,072
578
7,760
l,774
8,287
1,981
7,727
2,468
779
439
1,976
8,309
17
18
19
20
21
19,196
17,046
32
16,292
722
39,853
40,526
74
39,699
753
-2,017
59
1,285
36,961
27,824
189
26,544
1,091
358
7,567
36
1,176
30,402
22,132
137
20,278
l,717
1,917
6,208
60
85
56,257
59,436
371
58,063
1,002
-233
-4,196
119
l,131
69,281
69,165
855
66,926
1,384
-210
-l,662
208
l,780
80,801
69,719
993
66,403
2,323
2,164
6,852
214
1,852
76,537
59,117
1,029
51,894
6,194
3,136
13,486
213
585
62,360
46,858
1,218
30,161
15,479
2,557
12,593
-235
587
66,075
53,551
2,932
37,870
12,749
1,222
16
912
48,184
46,007
68
45,025
914
423
480
26
1,248
49,610
25,894
8,396
7,742
9,756
6,045
15,481
-325
2,515
22
23
24
25
26
27
28
29
30
249
98
-444
-98
-45
-315
-663
-1,100
-657
-696
-10
220
22.324
2,828
7,427
-327
2,596
-
-1,230 31
DECEMBER 1988
Nonbank Finance Summary
Nonbank Finance Summary
28
Private Nonbank Financial Institutions
ANNUAL FLOWS, 1982-87
ANNUAL FLOWS, 1982-87
1982
1984
1983
1985
1986
1987
Private Nonbank Financial Institutions - Total
1
2
3
614
10,616
87
4 306,806 351,003
6,444
2,460
5
6 22,619 -3,614
-755 -1,477
7
7,880
8 11,890
4,913 -1,848
9
10
11
681
27,417
19
20
21
2,768
2,125
48,762
-3,420
13,815
231
6,911
10,760
-31
1,515
16,951
386
-2,918 -13,430
17,494 17,621
430
466
Current surplus
Fixed nonres. investment
Multi-family rtsid. invest.
1
2
Net acq. of financial assets
Checkable dep. and currency
Time and savin9s deposits
HontY marktt fund shares
Security RPs
Fore19n deposits
4
5
6
7
8
9
Mutual fund shares
Other corporate equities
10
11
Credit market instruments
u. S. 9overnment securities
Tax-exempt obli9ations
Corporate & foreisn bonds
Hort9a9es
Consumer credit
Other loans
12
13
14
15
16
17
18
Security credit
Trade credit
Hiscel laneous assets
20
21
505,150 523,832 687,872 465,660
3,661 14,626 15,162 -2,427
9,126 22,382 23,087
-1,978
5,203
6,782 -4,213
1,382
4,406
22,443 13,493
6,526
-698 -2,186
3,141
-556
2,021
48,335
2,525
13,343
11,393
34,089
12,577
35,920
-2,441
25,153
12 179,942 250,400 412,150 383,503 551,715 428,536
13 114,968 85,827 118,912 100,834 230,725 132,212
14 16,441 10,193 13,163 39,552 72,943 17,545
15 29,387 35,411 64,754 80,518 98,801 124,426
16 -13,348 67,591 99,475 83,984 64,303 78,223
9,627 22,231 34,029 43,026 33,496 19,400
17
18 22,867 29,147 81,817 35,589 51,447 56,730
8,386
1,997
36,463
-2,343
2,761
48,083
18,865
2,190
37,351
6,730 -16,306
4,872
3,589
6,832
22,065
22 311,460 344,621 521,042 543,258 706,135 486,310
23 62,257 132,541 133,123 79,967 74,810 65,258
24 32,707 -40,444 54,161 10,248 48,307 23,986
25 22,733 -2,928 36,402 -1,540 33,015 -12,402
26 136,120 144,934 139,471 166,462 171,582 176,136
27 12,845 30,092 36,436 96,513 171,991 90,592
22
23
24
25
26
27
30
31
32
33
12,566
-7,048
-116
87,072 118,122 107,255
30,994 65,373 64,985
282
55
79
2,559
4,012 -3,311
39,250 28,848 20,886
14,214 19,810 24,413
Credit market instruments
Corporate bonds
Hort9a9ts
Bank loans n.e.c.
Open-market paper
Ftd. Home Loan Bank loans
37
241
1,328
32,778
4,120
1,023
-288
874
60,392
6,872
522
-313
l,640
61,740
23,883
791
396
2,020
77,446
1,687 -13,073
1,060
-175
-352
71
3,630 -1,454
81,860 50,539
Security credit
Tradt debt
Profit taxes payable
Proprietor ntt investment
Misctllaneous liabilities
39
-5,435 -10,200
-1 ;574
3,604
-2,579 -10,867
7,413
7,182
113
1,868
-2,557
807
34
3,038
35
36
38
14,305
8,878
25
------------------- ----------------
19
Net increase in 11 ab111t1es
Thrift deposits
Honey market fund shares
Security RPs
Insurance & pension reserves
Corporate equity issues Cl)
50,988
20,153
411
664
14,092
15,668
28
29
30
31
32
33
3
Discrepancy
28
29
34
35
36
37
38
39
< l) Includes mutual fund shares.
Savin9s Institutions Combintd
----------------------------------------------------6, 4 35
l, 706
4
5
6
7
8
9
10
11
474
1,931
2,889
1,961
8,651
1,906
6,418
1,998
-775
1,514
71-098 156,809 184,211 119,463 134,286 137,512
2,197
3,084
2,301
5,229
4,601 -2,838
16,003
2,830 -8,091
6,958 11,007 -8,057
6,219
1,434
8,506
4,490
-153 -4,678
-475
12-93,;
38. 335
--::79
956
317
-156
135,601 150,239
53,030 21,295
-331
-224
5,902
8,342
937
207
-68
82,972 105,543 140,381
-9,201 52,547 54,435
-32
643
-312
283
143 15,635
12 -;,4 .474
13 -30. 923
; , 596
14
15
4,861
16
-8
53,548
29,966
6,996
16,586
86,567
50,906
14,395
21,263
3
25,465
12,857
7,250
5,336
22
61,614
51,656
4,824
5,131
17
18
19
20
58,503
33,679
14,467
10,306
51
4,050
-2 3 9
213
�-�74
11,323
25,265
152
8,685
2,704
31,412
19,502
456
5,631
7,155
19,882
11,745
-1,453
6,662
10,746
12,351
12,154
-1,218
-222
-1,985
12,497
21
24-218
-111
2,417
7,276
13,543
3
76,633 157,691 185,475 116,613 127,185 131,247
b2,257 132,541 133,123 79,967 74,810 65,258
8 • 3 1 7 11 , 4 78
6,976
7,879 13,047 20,507
42,EO 85,767 76,230 60,741 52,539 48,862
11 �f,J:; 35�296 49,014
9,420
1,764
6,179
-349 19,722 36,724
19,355
;� - � : 4 a O �; '. � :� 22,655 22,337 29,758 35,999
-42
29
-47
-47
79
-12
-47
30 13,925 15,291 10,389 14,579
2,942 -6,722
31 -2,6C6
-575
2,192
3,895 -2,681 -8,554
23
24
25
26
MILLIOt,S
DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Current surplus
Fixed nonres. invtstment
1
2
Net acq. of financial assets
Checkablt dep. and currency
Time deposits
Security RPs
3
4
5
Corporate equities
Credit market instruments
U.S. 9ovt. securities
Tax-exempt obli9ations
Corporate bonds
7
8
9
10
11
Mort9a9es
Home mort9a9es
Multi-family
Commercial
Farm
Consumer install. credit
Consumer noninstall.credit
Otner loans l to business>
Open-market paper
Miscellaneous assets
6
12
13
14
15
16
17
18
19
20
21
Net increase in liabilities
Deposits
Checkable
Small time and savinss
Large time
Security RPs
Cr. mkt. instr. CS&U
Profit taxes payable
Miscellaneous liabilities
22
23
24
25
26
27
28
29
30
Discrepancy
31
DECEMBER 1988
Savings Institutions
29
Savings Institutions
Sector Statements of Saving and Investment
ANNUAL FLOWS, 1970-
ANNUAL FLOWS, 1970-81
1970
1971
1974
1975
-----------
1973
1972
l Current surplus
2 Fixed nonres. investment
Cl)
1979
1980
1981
-------------
l
1,036
1,288
450
1,607
843
2,047
707
1,498
861
1,372
871
2,042
848
2,696
859
3,637
950
3,276
1,287
1,446
1,474
-5,183
1,339
13,084
27,589
-246
1,718
508
35,254
256
1,078
367
29,813
-200
-463
1,325
24,433
40,200
300
4,520
-1,006
51,422
300
-1,425
1,200
63,758
-150
126
2,300
62,948
110
389
1,700
55,740
536
-2,200
2,500
51,630
461
2,533
-700
35,084
1,036
-742
4,186
25,723
27,347
-1,990
2,308
20
19,483
3,045
27
32,702
-843
2,423
15
-1,648
1,213
31_5
34,848
627
4,080
1,008
48,970
4,896
666
-283
60,147
-1,035
4,910
-25
56,145
-2
4,570
75
49,270
-2,914
3,872
-125
46,211
5,666
8,095
23,184 7
-4,187 8
6,565 9
115 10
700 11
50,8·35 44,019
286
3,718
28,319
2,591
17,737 12
581 13
439 14
1,234 15
7,420 16
529
3 Net acq. of financial assets
1978
1977
1976
Savings and Loan Associations
2
3
4
4
Checkable dep. & currency
Time deposits
Fed. funds & security RPs
7
Credit market instruments
U.S. Treasury securities
U.S. govt. agency secur.
Tax-exempt obligations
Corporate & foreign bonds
11,919
Mortgages
Consumer credit
Other loans Cto business)
Open-market paper
Miscellaneous assets
9,343
472
21,968
261
30,752
-156
27,093
1,245
18,991
854
27,405
827
42,703
1,065
55,087
1,484
1,505
1,012
981
-114
511
851
-1,329
1,804
-242
1,662
901
1,538
-77
2,377
-274
1,335
381
4,604
700
5,634
1,500
3,125
12,721
10,866
34,276
32,567
25
31,753
789
300
28,452
23,677
16,006
46
14,536
1,424
1,500
39,467
42,769
10,256
602
27,008
27,793
23
27,143
627
41,629
1,046
75
49,743
50,169
143
48,687
1,339
-56
61,080
50,888
172
48,639
2,077
1,935
59,647
44,153
149
38,-688
5,316
2,130
53,018
39,070
294
24,802
13,974
520
51,884
41,781
531
30,352
10,898
2,061
40,764
20,005
7,292
3,943
8,770
3,027
1,222
-2,017
480
7,567
6,208
-104
1,326
662
-2,679
437
43
399
7,168
-449
6,657
-4,196
50
-287
-3,959
""-1,662
90
231
-1,983
6,852
1,155
1,386
4,311
13,486
666
323
12,497
12,593
1,418
2,007
9,168
7,427
355
-53
7,125
15,481
-509
-241
16,231
16
617
1,173
59
26
903
36
645
60
-97
119
700
208
1,084
214
1,191
213
-335
-235
1,070
-327
942
144
257
-214
-21
-119
-232
-485
-841
-614
-733
226
-842 29
Acq.of credit mkt.inst. 11,919 25,723 32,702
27,347
19,483
34,848
48,970
60,147
56,145
49,270
46,211
23,184 30
'
5
8
9
10
11
12
13
14
15
16
-222
375
-1,296
1,872
23
17 Net increase in liabilities
18
19
20
21
22
Deposits
Checkable
Small time and savings
Large time
Security RPs
23
24
25
26
Credit market instruments
Corporate bonds
Bank loans n.e.c.
Fed. Home Lean Bank loans
27
28
Profit taxes payable
Miscellaneous liabilities
29
8
Discrepancy
30 Memo:
-559
20,204
16
19,223
965
682
2,606
94
40
'
5
17
18
19
20
21
22
23
24
25
26
-325 27
2,576 28
Cll Includes most federal savings banks that are insured by FSLIC.
A few of them are included with mutual savings banks.
--------------Current surplus
Mutual Savings Banks (2)
296
446
395
555
447
384
446
667
870
671
-393
-1,770
2 Net acq. of financial assets
Checkable dep. and currency
3
Time deposits
4
Fed. funds and security RPs
5
4,716
107
244
106
10,374
-33
152
218
11,012
70
185
132
5,962
123
186
717
3,761
11,506
107
56
13,756
25
-99
434
12,475
49
-3
576
10,898
980
349
20
5,220
-260
-314
936
8,159
l,129
49
634
4,164
1,182
-74
1,525
Corporate equit1 es
Credit market instruments
U.S. Treasury securities
U.S. govt. agency secur.
Tax-exempt obligations
Corporate & foreign bonds
333
3,800
-71
438
603
9,543
375
4,326
-516
57
48
-1,092
196
3,141
-439
192
1,201
475
9,265
117
797
193
3,883
916
161
10,716
2,185
1,731
615
3,546
63
12,795
1,100
2,943
872
2,799
370
11,227
55
2,592
411
1,163
68
8,674
-945
1,705
507
68
-59
4,406
-159
1,313
-405
-1,060
-536
5,899
806
2,514
-540
703
-594 6
939 7
-239 8
l,162 9
-102 10
-959 11
Mortgages
Consumer credit
Open-market paper
Miscellaneous assets
1,918
110
200
126
3,938
121
216
297
5,509
144
-107
479
5,674
2,202
186
75
510
2,329
-117
235
4,355
333
393
439
6,555
479
-28
256
6,393
749
197
807
3,576
67
1,074
511
570
1,365
481
984
-418
753
742
1,186
12
13
14
15
16 Net increase in 11 abilities
Deposits
17
Checkable
18
4,525
4,434
20
4,294
120
9,769
9,861
44
9,691
126
5,330
4,734
166
4,442
126
358
238
3,388
3,120
84
2,743
293
417
-149
11,039
11,172
265
10,951
-44
-308
175
13,132
13,004
505
12,454
45
-154
11,549
11,140
466
10,428
246
229
180
9,985
8,612
439
7,423
750
1,006
367
4,586
3,377
547
1,469
1,361
2,037
-828
8,316
7,529
569
5,308
1,652
767
20
5,546
2,989
511
1,573
905
3,018
-461
17
18
19
20
21
22
-77
74
-83
-178
-259
-43
37
-236
6
7
8
9
10
11
12
13
14
15
19
20
21
22
4
Small time & savings
Large time
Security RPs
Miscellaneous liabilities
23 Discrepancy
242
l,136
483
2,136
91
-92
10,387
10,172
36
10,011
125
123
92
105
-159
-230
272
4
210
-300
9
226
84
565
282
(2) Includes federal savings banks insured by FDIC and a few insured
by FSLIC.
Current surplus
2 Net acq. of financial assets
Checkable dep. and currency
3
4
5
6
7
8
9
10
11
12
13
14
Time deposits
At banks
At savings and loans
Fed.funds & security RPs
Credit market instruments
U.S. government securities
Treasury issues
Agency issues
Home mortgages
Consumer credit
Miscellaneous assets
Net increase in liabilities
Shares/Deposits
Checkable
17
18
Small time & savings
Large time
19
Miscellaneous liabilities
20
15
16
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
204
204
253
293
331
256
414
481
553
345
179
551
3,::80
125
904
452
452
3,774
28
625
312
313
3,472
-21
-387
-193
3,668
47
568
284
284
6,007
-73
458
230
228
6,820
-139
-103
-51
8,653
90
888
444
444
7,458
59
-1,398
-647
-751
5,101
209
1,014
659
355
6,054
89
2,421
1,692
729
732
3,851
400
39
-342
381
1,665
1,370
343
31
312
2,047
216
2,868
521
2!'722
.210
47
1,784
204
567
153
2,194
253
3,587
477
259
218
441
2,669
293
5,366
1,115
329
786
480
3,771
256
6,648
638
166
472
507
5,503
414
7,194
458
81
377
300
6,436
481
6,448
-831
-697
-134
550
6,729
2,349
1,736
-1,070
-102
-968
623
2,183
-806
984
314
670
686
-2,476
3,618
2,044
344
75
269
-213
1,913
-297
3,076
1,742
3,179
2,886
7
2,879
3,337
3,006
7
2,999
5,751
7
2,865
3,521
3,268
7
3,261
12
5,483
6,406
5,992
207
5,785
8,172
7,691
355
7,336
204
253
293
331
256
414
481
4,756
4,411
377
3,890
144
345
5,875
4,241
1,832
204
6,905
6,352
441
5,783
128
553
69
958
204
1,950
1,746
4
6
2,872
-46
388
71
317
72
2,262
331
5,495
16
-388 23
2,154
164
416
208
208
-194
5
--------------
Credit Unions
---------------------------
2
3
4
-52
2, 1'42
2!'210
199
1,634
2
3
4
5
6
7
8
9
10
11
12
13
14
3,300 15
2,900 16
593 17
2,226 18
81 19
400 20
DECEMBER 1988
Savin9s Institutions
Savin9s Institutions
Sector Statements of Savin9 and Investment
ANNUAL FLOWS, 1982-87
--------1985
1986
1987
------------
ANNUAL FLOWS,
-----------------
30
1982-87
1982
--------
1983
l
-5,147
1,706
531
1,931
2,203
1,961
5,983
1,906
4,071
1,998
-3,167
1,514
Current surplus
Fixed nonres. investment
3
55,784 121,373 158,088
3,358
1,819
1,876
l,166 -5,499
7,164
915
6,858
5,386
81,287
2,968
2,267
459
85,769
3,629
3,966
-2,684
97,558
-2,224
-8,509
-1,109
Net acq. of financial assets
Checkable dep. & currency
Time deposits
Fed. funds & security RPs
19,976 104,666 124,866 59,841
3,779 -12,878
5,428 10,322
29,839 29,796 16,907
1,217
397
-231
�9
-467
5,390
2,765
2,100
7,372
73,153
945
41,102
-163
1,965
96,971
9,139
35,216
137
17,289
Credit market instruments
U.S. Treasury securities
U.S. 9ovt. agency secur.
Tax-exempt obligations
Corporate & foreign bonds
9
10
11
77,450
8,515
8,685
2,389
30,044
47,777
10,808
5,631
4,124
15,752
10,073
5,629
6,662
6,940
7,705
32,383
5,648
-222
-2,619
12,429
Mortgages
Consumer credit
Other loans C to business)
Open-market paper
Miscellaneous assets
12
13
14
15
16
61,190 123,886 160,614
46,782 101,772 112,419
3,878
6,366
5,703
29,659 65,671 66,257
11,420 29,735 42,284
-1,179 13,870 18,811
81,788
51,670
6,374
45,001
295
-1,867
83,852
41,461
9,609
36,323
-4,471
14,168
94,495
42,002
-316
48,556
-6,238
26,298
2
4
5
6
7
8
9
10
11
12 -21,763
1,921
13
213
14
2,705
15
21,382
16
17
18
19
20
21
22
1984
Savin9s and Loan Associations
47,139
5,825
2,417
3,708
11,268
(1)
Net increase in 11abilities
Deposits
Checkable
Small time and savings
Large time
Security RPs
l
2
3
4
5
6
7
8
17
18
19
20
21
22
23
24
25
26
2,490
200
1,483
807
-2,062
-16
5,002
-7,048
22,655
1,221
5,766
15,668
22,337
3,595
4,528
14,214
29,758
3,563
6,385
19,810
35,999
4,035
7,551
24,413
Credit market instruments
Corporate bonds
Bank loans n. e. c.
Fed. Home Loan Bank loans
23
24
25
26
27
28
-42
13,139
-47
10,353
-47
6,776
9,569
79
-47
-1,488
-12
-9,792
Profit taxes payable
Miscellaneous liabilities
27
28
29
-1,447
1,113
2,768
4,578
156
-7,744
Discrepancy
30
19,976 104,666 124,866
59,841
73,153
96,971
Memo:
(1)
29
Acq.of credit mkt.inst. 30
Includes most federal savings banks that are insured by FSLIC.
A few of them are included with mutual savin9s banks.
---------
Mutual Savings Banks (2)
---------------------
-1,819
-555
-444
1,640
2,328
2,121
4,383
121
1,418
44
19,338
-674
18
-565
10,293
82
-1,400
1,304
12,948
1,561
-281
19,598
272
-10
20
23,983
-614
l
-1,886
Net acq. of financial assets
Checkable dep. and currency
Time deposits
Fed. funds and security RPs
8
9
317
18,790
3,817
5,950
-293
2,952
-156
10,119
-227
482
-100
-1,470
-68
9,743
-633
10
11
-4i5
6�9
685
1- 192
188
-l,144
246
-2,482
937
17,414
700
6,124
-149
-1,822
207
25,619
806
5,983
-169
-1,654
Corporate equities
Credit market instruments
U.S. Treasury securities
U.S. 9ovt. agency secur.
Tax-exempt obligations
Corporate & foreign bonds
10
11
12
13
14
15
-2,512
591
1,669
2,606
3,627
-831
3,568
1,452
6,911
4,208
315
344
7,576
2,600
3,031
1,704
8,452
303
3,806
965
19,700
319
634
656
Mortgages
Consumer credit
Open-market paper
Miscellaneous assets
12
13
14
15
16
17
18
19
20
21
22
5,043
5,275
776
4,471
28
-818
586
18,205
15,869
2,835
7,452
5,582
-1,902
4,238
10,161
7,804
2,507
-1,313
6,610
544
1,813
10,625
5,397
3,527
-3,669
5,539
1,518
3,710
23
-1,159
-1,688
-576
-683
2
3
4
5
6
7
289
-595
Current surplus
.
14,433 21,052
6,149
9,956
7,523
5,671
-7,259 -11,001
5,885 15,286
5,554 10,426
2,730
670
-2,837
-810
2
3
4
'
'
5
7
8
Net increase in liabilities
Deposits
Checkable
Small time & savin9s
Large time
Security RPs
Miscellaneous liabilities
16
17
18
19
20
21
22
Discrepancy
23
(2) Includes federal savings banks insured by FDIC and a few insured
-----·--· ---
2
3
4
5
6
7
8
9
10
11
,-,
13
14
15
16
17
18
19
20
by FSLIC.
--------------------Credit Unions
---------------------------------------------------
-----------
531
498
1,130
1,028
19
271
10,931
200
7,421
4,952
2,469
789
16,098
400
1,646
32
1,614
1,084
15,830
400
-l,192
-819
-373
344
25,228
700
4,972
2,346
2,626
3,742
28,919
700
7,051
3,765
3,286
2,511
15,971
451
371
80
-1,683
2,291
1,191
262
929
-199
1,299
230
12,145
3,145
1,408
1,737
2,782
6,218
823
15,254
354
757
-403
2,206
12,694
1,024
13,388
3,688
2,556
l,132
3,150
6,550
2,426
14,976
3,676
1,885
l, 791
6,940
4,360
3,681
17,791
3,291
3,271
20
9,531
4,969
-588
l O ,400
10,200
1,838
8,200
162
200
15,600
14,900
2t277
12,644
-21
700
14,700
12,900
1,494
11,286
120
1,800
24t200
28,900
27,200
3,375
23,475
350
1,700
15,700
13,300
1,621
11,307
372
2,400
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
22,900
3,146
19,409
345
1,300
Current surplus
Net acq. of financial assets
Checkable dep. and currency
Time deposits
At banks
At savin9s and loans
Fed.funds & security RPs
Credit market instruments
U.S. government securities
Treasury issues
Agency issues
Home mortgages
Consumer credit
Miscellaneous assets
Net increase in 11ab111t1es
Shares/Deposits
Checkable
Small time & savings
Large time
Hi scellaneous liab111ties
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
DECEMBER 1988
Insurance and Pension Funds
31
Insurance and Pension Funds
Sector Statements of Saving and Investment
ANNUAL FLOWS, 197�1
ANNUAL FLOWS, 1970-81
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
Lifl! Insurance Companies
1 Current surplus
2 Fixed nonres. investment
1,076
733
1,252
93S
1,421
759
1,766
785
2,095
1,092
2,503
1,394
2,740
l,178
3,365
1,389
3,829
2,029
5,156
2,918
5,235
4,275
1
2
3
Net acq. of financial assets
Checkabll! dep. and currency
Honey 111kt. fund shares
2,111
1,788
9,909
124
12,717
14,429
218
16,868
90
16,565
-72
20,4-35
-74
28,174
78
31,329
127
150
35,574
237
253
37,455
303
597
37,788
540
3
4
6
Mutual fund shares
Other corporate equities
45,942
1,069
3,700
361
1,623
-359
-308
3,808
248
3,309
351
1,947
-141
2,051
-94
3,074
53
1,137
32
-144
146
432
107
531
2,368
6
8
9
Credit market instruments
U.S. government securities
Treasury issues
Agency issues
6,980
60
-82
142
8,154
-119
-214
12,304
-234
-383
149
12,946
109
-72
181
16,936
1,718
1,364
354
23,666
1,531
632
32,807
2,048
-493
2,541
32,296
2,713
950
1,763
30,951
5,478
8
899
27,384
1,631
-53
1,684
32,450
2,904
95
9,704
107
-1
108
Tax-exempt obl1gat1ons
Corporate & foreign bonds
Mortgages
Open-market paper
Policy loans
Miscellaneous assets
1,471
2,348
777
2,239
821
85
57
5,466
1,121
628
l,001
918
4
6,992
1,452
211
938
1,007
45
5,853
4,421
23
2,196
917
255
3,988
4,865
1,066
2,663
1,393
841
9,095
2,934
743
1,605
1,663
1,086
16,884
2,387
411
1,367
1,450
457
18,758
5,294
-478
1,722
2,478
351
17,300
9,318
1,200
2,590
2,389
26
11,575
12,255
1,011
4,679
3,527
273
8,738
12,659
1,327
6,586
3,599
450
7,340
6,666
3.722
7,295
7,323
12
13
14
15
16
17
9,704
5,235
2,883
112
1,474
12,785
6,281
4,620
-70
1,954
13,774
6,723
4,390
15
2,646
15,450
7,173
5,745
36
2,496
15,555
7,006
5,983
-12
2,578
19,812
7,946
8,663
-90
3,293
27,569
8,599
14,951
133
3,886
31,116
9,313
16,822
390
4,591
35,143 35,123
10,871 10,418
19,133' 19,386
3
329
4,810
5,316
35,459
9,689
22,349
-409
3,830
46,127
8,947
29,512
-511
8,179
19
20
21
22
138
385
-437
-7
-300
504
1,349
1,545
-532
-91
4
5
7
10
11
12
13
14
15
16
17
18 Net increase in liabilities
19
Life insurance reserves
20
Pension fund reserves
21
Profit taxes payable
22
Miscellaneous liabilities
23 Discrepancy
5
3,999
66
2,838
858
388
5
7
9
2.329 10
3,149 11
18
1,14S 23
Private Pension Funds
l Net acq. of financial assets
Checkable dep. and currency
Time deposits
4
Honey mkt. fund shares
2
3
5
6
Mutual fund shares
Other corporate equities
7
Credit market instruments
U.S. government securities
Treasury issues
Agency issues
8
9
10
11
12
13
14
Corporate & foreign
Mortgages
Open-market
Miscellaneous
bonds
paper
assets
7,191
82
103
7,608
199
-362
25,702
485
434
15,178
665
994
18,169
911
2,277
40,209
1,034
4,324
15,434
110
248
29,891
325
3,372
94
37,120
349
7,414
265
47,631
-129
5,710
823
51,187
-893
37
1,451
39,722
-736
3,931
4
176
4,566
196
8,915
260
12,075
610
4,069
791
1,780
528
7,548
508
6,285
322
8,061
-493
9,757
894
13,345
1,402
16,420
-2,830
17,343
5
2.022
237
-1,639
-297
l
-298
5,543
2,728
1,256
1,472
6,212
3,111
1,997
l,114
8,889
4,293
3,180
l,113
15,558
4,999
3,838
1,161
6,555
10,456
30,599
12,006
7
2,426
22,051
6,695
2,817
3,878
27,2<19
3,233
10,557
2,050
1,870
180
-829
-513
1,990
-930
1,755
6,905
2,129
-352
1,324
2,628
2.276
-4
2,324
3,521
3,663
11,217
4,308
127
362
7,261
8,435
224
-152
9,271
10,704
418
4,234
4,937
-59
296
1,830
-45
242
299
------------State
l Net acq. of financial assets
9
10
11
4,996
8
9
14,033
425
4,135
2,171
5,604
349
4,974
-5,780
11
12
13
14
6.220
5,786
16,322
11,326 10
and Local Government Employee Retirement Funds
8,491
219
43
9,480
-223
609
9,697
-290
743
11,307
21
-372
12,919
-9
-23
15,885
14
268
20,678
10S
938
16,219
181
1,104
26,485
37
226
Corporate equities
Credit market instruments
U.S. government securities
Treasury issues
Agency issues
29,690
21
129
1
2
3
2,137
4,134
-408
-333
-75
3,185
3,274
-1,155
-1,208
53
3,677
4,552
262
-299
561
3,411
5,683
140
-1,089
2,388
9,270
1,626
3,678
11,925
5,452
2,703
2,749
17,006
7,074
2,694
4,380
4,148
10,786
6,647
1,395
5,332
20,890
9,944
6,221
3,723
Tax-exempt obligations
Corporate & foreign bonds
Mortgages
7,070
22,470
11,804
6,637
s. 167
4
5
671
3,116
9,835
3,099
1,517
1,582
2,629
1,229
2,569
6,675
326
-923
1,249
-299
4,496
345
120
3,941
368
-123
4,231
182
-338
5,210
671
-708
6,496
561
957
6,847
-160
1,420
5,126
190
184
5,980
309
407
8,980
545
-41
3,162
1,018
149
9,511
1,286
4
5
7
-1,667
48
1,886
1,728
5,659
6
6,554
160
-65
Checkable dep.
Time deposits
8
-6
609
l
2
3
6,393
79
43
2
3
6
6,902
6,288
5,679
545
and
currency
955
5,:!52
6
7
8
-203 9
9,240 10
1,629 11
Other Insurance Companies
Current surplus
656
1,496
1,850
1,196
-27
-725
770
4,585
4,570
4,242
3,551
3,119
5,405
6,616
7,853
31
6,448
-13
4,689
54
7,336
100
14,876
229
20,235
273
20,397
419
18,809
250
15,041
95
Corporate equities
Credit market instruments
U.S. government securities
Treasury issues
Agency issues
14,215
60
100
984
3,838
-37
2,471
3,777
2,372
928
12,509
3,137
2,580
557
1,173
17,491
2,987
2,460
527
1,984
16,514
l,191
690
501
3,190
13,434
1,299
215
1,084
3,094
9,868
l,790
1,583
207
2,004
9,402
-215
269
-494
4,594
393
23
370
-749
7,337
13
2,957
3,684
109
-282
391
Tax-exempt obligations
Corporate & foreign bonds
Commercial mortgages
Trade credit
1,525
2,305
45
472
3,460
285
-22
291
4,339
2,200
S,406
3,914
52
1,210
10,711
3,682
111
1,298
13,541
1,77S
7
1,480
9,880
1,996
259
1,935
7, 7�2
1,181
3,642
-139
-15
643
12
344
1,984
3,977
2,848
352
2,649
10
11
12
14 Net increase in liabilities
15
Corporate equity issues
3,876
393
4,054
5,395
65
-115
3,570
120
4,819
6,209
5
11,252
908
54
10,290
14,061
1,350
118
12,593
124
14,062
15,639
908
-4
14,735
13,378
l,154
-154
12,378
11,764
1,106
-191
10,849
14
15
3,418
5,777
863
20
4,894
15,031
17
5,326
538
13
4,775
-873
-1,066
-608
74
1,061
-888
-2,854
-1,589
-796
1,072
1,888
2 Net acq. of financial assets
3
Checkable dep. and currency
4
Security RPs
5
6
7
8
9
10
11
12
13
16
Profit taxes payable
Policy payables
18 Discrepancy
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
111
-so
77
54
599
-722
-42
456
3,446
-42
-64
22
2,010
-9
535
2,482
1,860
622
2,611
2,180
64
648
7,173
959
845
�.225
1,421
804
2
3
4
5
6
7
8
9
13
16
17
668 18
DECEMBER 1988
Insurance and Pension Funds
Insurance and Pension Funds
32
Sector Statements of S1vin9 and Investment
ANNUAL FLOWS,
--------------------------------------------------------------------------
ANNUAL FLOWS, 1982-87
1982
1982-87
1984
1983
1985
1986
1987
Life Insurance Companies
Current surplus
Fixed nonres. investment
1
2
99,156
-890
-2,834
Net acq. of financial assets
Checkable dep. and currency
Money mkt. fund shares
5
7,976
197
-1,436
4,967
Mutual fund shares
Other corporate equities
6
7
76,108
22,994
10,496
12,498
85,251
17,941
7,333
10,608
91,465
5,079
-1,955
7,034
Credit market instruments
8
U.S. 9overnment securities 9
10
Treasury issues
Agency issues
11
-1,273
23,713
5,700
1,912
442
4,782
995
37,803
15,098
-646
-136
6,977
1,951
40,824
22,045
2,804
-314
7,970
-978
66,871
18,533
2,389
-429
7,884
Tax-exempt obligations
Corporate & foreign bonds
Mortgages
Open-market paper
Poli CY loans
Miscellaneous assets
66,314
4,966
46,693
-172
14,827
88,251 100,089
10,441 17,221
63,372 77,511
-45
5
5,402
14,433
96,797
25,736
70,627
170
264
1
2
3,910
3,501
3,953
2,802
1,907
4,984
3
4
5
55,367
333
1,092
59,087
-648
-1,888
62,460
667
2,232
1,015
2,398
-384
3,434
450
260
9
10
11
8
42,385
12,703
8,362
4,341
52,450
19,336
12,107
7,229
12
13
14
15
16
17
1,896
16,210
4,242
3,079
4,255
8,144
18
19
20
21
22
53,684
6,971
39,681
-10
7,042
1,510
4,976
933
5,282
302
5,228
89,910 104,662
651
499
403
2,617
2,260
3,663
54,069
23,575
12,568
11,007
939
16,748
9,010
5,315
l,102
6,123
55,761
7,821
38,750
-58
9,248
---------------------------------------------------------Private Pension Funds
777
-5,125
-8,922
-1,274
-2,175
1
2
3
4
57,504
604
7,511
-1,847
59,117
771
7,515
411
42,077
480
3,343
2,971
39,500
929
7,600
979
19,241
662
5,596
4,165
5
6
-334
12,343
2,405
4,538
2,075
5,445
9,133
-9,029
4,601 -1,005
-8,549 -27,806
7
8
9
10
25,191
10,273
3,858
6,415
29,899
12,019
409
11,610
21,345
7,265
11,596
-4,331
26,819
8,098
-823
8,921
20,059
6,822
8,829
-2,007
11
12
13
14
6,558
1,285
7,075
14,036
10,419
676
6,785
13,578
10,218
68
3,794
6,418
10,498
445
7,778
3,069
7,267 29,094
-197 -1,176
6,167 14,919
-7,293 -14,995
4
12
13
14
15
16
17
Net increase in liabilities
Life insurance reserves
Pension fund reserves
Profit taxes payable
Miscellaneous liabilities
18
19
20
21
22
Discrepancy
23
-7,285
23
3
-------------------------------------------25,092
1,639
15,045
-1,379
Net acq. of financial assets
Checkable dep. and currency
Time deposits
Money mkt. fund shares
53,593
10,756
5,557
5,199
-------------------------------------
Mutual fund shares
Other corporate equities
1
2
3
4
5
6
Credit market instruments
7
U.S. government securities 8
9
Treasury issues
Agency issues
10
Corporate 8 forei9n bonds
Mortgages
Open-market paper
Miscellaneous assets
11
12
13
14
State and Local Government Employee Retirement Funds
-------------------------------------------------1
2
3
31,964
357
2,179
39,246
419
2,793
45,735
599
3,175
53,149
352
1,367
57,609
-325
3,503
54,681
259
1,660
4
5
6,026
23,402
19,394
9,334
10,060
19,988
16,046
16,954
12,012
4,942
7,273
34,688
23,060
19,004
4,056
28,570
22,860
12,285
14,969
-2,684
23,088
31,343
20,650
12,098
8,552
26,438
26,324
24,583
17,879
6,704
9
-n5
3,479
1,254
-1,131
-655
878
-466
11,490
604
-406
10,926
55
-319
10,736
276
20
1,940
-219
6
7
8
10
11
-------------------------------------------------------------
Net acq. of financial assets
Checkable dep. and currency
Time deposits
Corporate equities
Credit market instruments
U.S. government securities
Treasury issues
A9ency issues
Tax-exempt obligations
Corporate & foreign bonds
Hort9ages
4
5
6
7
8
9
10
11
Other Insurance Companies
Current surplus
491
-276
-4,844
-6,432
2,104
3,745
13,818
36
3,976
15,004
-397
9,641
14,803
490
4,197
30,270
l, 194
5,703
50,701
1,317
588
46,387
-103
1,953
5
6
7
8
9
2,686
4,995
2,158
625
1,533
2,100
1,663
5,450
3,265
2,185
-4,335
11,690
9,114
5,902
3,212
-1,955
23,138
11,772
3,527
8,245
-1,294
45,218
15,876
17,771
-1,895
1,509
39,439
7,006
3,268
3,738
10
Corporate equities
Credit market instruments
U.S. 9overnment securities
Treasury issues
A9ency 1 ssues
3,045
-467
259
2,125
-301
-4,197
711
1,997
-1,925
4,148
353
2,761
2,506
8,185
675
2,190
15,689
12,705
948
4,872
23,828
7,974
631
3,589
14
15
16
17
Tax-exempt obligations
Corporate 8 foreign bonds
Commercial mortga9es
Trade credit
13,376
2,818
19,337
3,944
37,408
7,717
10,563
13,524
1,511
-18
12,031
15,437
29,746
45,414
6,329
-39
39,124
44,094
11,255
2
32,837
18
49
-1,756
-310
706
-3,183
1,452
11
12
13
-5
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
-44
-55
Net acq. of financial assets
Checkable dep. and currency
Security RPs
2
3
4
5
6
7
8
9
10
11
12
13
Net increase in liabilities
Corporate equity issues
Profit taxes payable
Policy payables
14
15
16
17
Discrepancy
18
DECEMBER 1988
Finance n.e.c.
Finance n.e.c.
33
Sector Statements of Savin9 and Investment
ANNUAL FLOWS, 1970-81
ANNUAL FLOWS, 1970-81
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
Finance Companies
546
1,298
2,962
1,352
3,395
2,962
3,324
1,941
3,599
1,085
3,529
1,664
4,753
582
214
368
22,427
182
-3, 120
3,717
12,003
198
11,805
1,328
1,897
8,580
3,064
5,684
13,497
26,104
166
25,938
4,918
9,566
11,454
29,526
150
29,376
5,849
13,409
10,118
13,300
134
13.166
1,919
7,110
4,137
23,509
118
23,391
3,236
9,378
10,777
8
5,834
5,;:93
l,784
-74
3,573
7,638
664
2,709
-2,669
624
10,695
4,687
3,083
-1,656
3,260
25,765
16,959
7,803
758
8,398
23,310
16,136
6,367
1,943
7,826
24,231
16,344
4,307
-1,245
13,282
4,854
-1,295
122
-879
-538
15,767
18,495
3,614
970
13,911
10
11
12
13
-117
3,385
4,619
-163
2,803
3,509
104
577
503
976
549
393
1,458
l,162
1,925
3 Net acq. of financial assets
4
Checkable dep. and currency
5
Credit market instruments
6
Mort9a9es
Consumer credit
7
8
Other loans (to business>
2,366
233
2,133
1,646
133
354
6,406
284
10,201
262
9,939
3,5n.
4,205
12,140
246
11,894
2,336
4,596
4,962
5,610
230
5,380
-1,397
1,938
4,839
9 Net increase in liabilities
Credit market instruments
Corporate bonds
Bank loans n.e.c.
Open-market paper
4,460
3,152
2,073
440
639
4,852
11,652
6,854
3,622
4,482
-1,250
12,446
8,768
2,956
3,853
1,959
l Current surplus
2 Fixed nonres. investment
10
11
12
13
14
15
16
Profit taxes payable
Inv. by parent companies
Other misc. liabilities
17 Discrepancy
6,122
2,448
2,330
1,344
2,293
2,495
261
-463
537
2,162
2.232
-229
9
1,280
565
1,985
21
2,385
2,392
1,384
2,294
667
-116
5,799
1,175
3,921
2,087
106
1,572
7,128
106
4,424
2,644
1,621
-2,027
1,463
-759
-539
5,370
-2,972
1,295
-3,156
28
Open-End Investment Companies
----------Current surplus
2 NH acq. of financial assets
3
Checkable dep. and currency
4
5
6
7
8
9
10
11
Corporate equities
Credit market instruments
u.s. 9overnment securities
Treasury issues
A9ency issues
Tax-exempt obli9at1ons
Corporate & forei9n bonds
Open-market paper
12 Net share issues
22,245
l
2
3
4
5
6
7
,
-161 14
-2,604 15
37 16
-6,953 -10,890 -10,831 17
(Mutual Funds)
-976
-797
-1,400
-l,189
-672
-265
-545
-815
-803
-1,215
-1,355
-l,269
1,575
-10
118
139
-1,461
47
-1,128
-203
50
-164
-357
-2,522
82
152
-38
-875
-38
-833
1,510
142
2,448
1,177
408
175
175
421
-442
-291
-291
-1,834
326
130
130
-2,24'i
-440
654
449
449
-923
-2,380
-224
20
20
-3,735
3,925
177
177
-1,641
804
-179
-179
-2,795
1,907
-48
-606
3,058
-48
-1,817
3,185
317
317
1,630
1,066
1,052
528
-679
l,134
1,356
804
-205
381
1,316
l,171
682 9
1,596 10
-142 11
967
-72
382
2,865
3,717 12
201
4
306
130
14
6,921
40
2,665
34,406
-1
7,529
2,064
30,831 109,796
99
-715
9,034 22,844
8,886
3,231
1,660 12,077
-146
-266
-266
3,191
603
3
600
19,801
4,155
735
3,420
16,447
2,587
1,853
734
1,597
12,263
360
30,831 109,796 13
1,319
-29
-29
98
468
-43
-43
595
-362
183
-334
501
-305
149
l,199
570
-365
-229
740
525
349
-1,118
2,551
915
-61
61
722
-92
-1,977
55
-4
922
922
2
3
4
5
6
7
8
Honey Market Mutual Funds
l Net acq. of financial assets
2
Checkable dep. and currency
3
Time deposits
4
5
Security RPs
Forei9n deposits
6
Credit market instruments
U.S. 9overnment securities
Treasury issues
A9ency issues
Tax-exempt obl19at1ons
Open-market paper
Hiscellaneous
7
,
8
10
11
12
13 Met share issues
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2,379
1,620
92
1,317
29
519
-10
-5
57
-652
-11
698
638
80
456
4,639
757
112
112
815
815
6�5
-90
-117
14
416
20
120
-107
2,588
489
15,646
374
2,379
l,317
-10
201
6,921
34,406
222
222
64,833
2
3
4
5
6
23,661 7
18,045 8
5,616
2,334 10
38,838 11
1,871 12
,
DECEMBER 1988
Finance n.e.c.
Finance n.t.c.
34
Sector Statements of Saving and Investment
ANNUAL FLOWS, 1982-87
ANNUAL FLOWS, 1982-87
1982
----�--
1983
1984
1985
----------
1986
1987
Finance Companies
1
2
5,234
2.122
4,989
6,090
3,046
6,401
1,677
9,287
3,930
9,341
4,061
9,933
3
4
5
6
7
8
10,973
102
10,871
4,126
5,816
929
26,843
86
26,757
2,688
11,019
13,050
37,803
-530
38,333
5,355
8,612
24,366
50,433
904
49,529
6,789
23,068
19,672
58,514
3,633
54,881
15,764
23,204
15,913
41,262
700
40,562
-2,122
8,464
34,220
9
10
11
12
13
11,881
4,253
6,375
311
-2,433
22,250
12,979
5,275
-4,930
12,634
36,925
18,212
9,565
-5,218
13,865
62,171
52,745
15,841
76,132 50,654
48,409 30,604
:?2,522 21,510
-2,633 -11,454
28,520 20,548
14
15
16
-21
7,189
460
-8
2,424
6,855
8
12,471
6,234
43
22
14,963 41,458
-5,559 -13,778
68
10,609
9,373
17
-1 -604
-5,694
-4,233
12,207
3,520
-2,211
39,115
4,128
Current surplus
Fixed nonres. investmtnt
Net acq. of financial assets
Checkable dep. and currency
Credit market instru•ents
Mortgages
Consumer credit
Other loans (to business>
Net increase in liabilities
Credit market instruments
Corporate bonds
Bank loans n.e.c.
Open-market paper
Profit taxes payable
Inv. by parent companies
Other 11isc. liabilities
Discrepancy
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
Open-End Investment Companies (Mutual Funds)
-245
-3,230
-5,176
-3,626 -15,892 -19,142
2
3
8,524
328
23,994
561
24,164
361
80,753 145,942
2,635
1,748
53,161
453
4
5
6
7
8
9
10
3,507
4,689
2,312
2,312
13,662
9,771
592
592
11
2,870
153
-646
5,452
2,725
1,002
5,855
17,948
6,352
5,825
527
5,644
3,552
2,400
10,316 20,190
68,689 123,117
52,867 59,287
41,391 36,392
11,476 22,895
14,455 31,765
3,641 26,801
-2,274
5,264
26,939
25,769
9,887
9,911
-24
5,408
7,288
3,186
12
8,769
27,224
29,340
84,379 161,834
72,303
Current surplus
Ntt acq. of financial assets
Checkable dep. and currency
2
3
4
Corporate equities
5
Credit market instruments
U.S. government securities 6
7
Treasury issues
8
Agency issues
9
Tax-exempt obligations
Corporate & foreign bonds 10
11
Open-market paper
Net share issues
12
-----------
Money Market Mutual Funds
1
2
3
4
5
32,707 -40,444
-553
827
-3,074 -16,752
1,695 -3,195
4,913 -1,848
54,161
-970
-405
9,740
-698
10,248
1,400
-6,799
3,300
-2,186
48,307
-187
2,276
6,091
3,141
23,986
-294
14,439
7,131
-556
10
11
12
9
29,452 -17,741
22,729 -18,404
21,127 -19,807
1,602
1,403
3,614
8,010
-1,287 -2,951
-355
-1,106
44,962
6,173
2,574
3,599
6,978
31,811
1,532
13,919
313
-821
1,134
12,445
l,161
614
34,102
1,824
451 -1,851
3,439 -13,730
-2,988 11,879
27,496 -2,343
6,155
6,018
1,442
2,884
13
32,707 -40,444
54,161
10,248
48,307
6
7
8
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
23,986
Net acq. of financial assets
Checkable dep. and currency
Time deposits
Security RPs
Foreign deposits
l
2
3
4
5
Credit market instruments
u.s. government securities
Treasury issues
9
Agency issues
10
Tax-exempt obligations
11
Open-market paper
12
Miscellaneous
6
7
8
Net share issues
13
DECEMBER 1988
Finance n.e.c .• Continued
Finance n.e.c., Continued
35
Sector Statements of Saving and Investment
ANNUAL FLOWS , 1970-81
ANNUAL FLOWS, 1970-81
1970
1971
1972
1973
1974
1977
1978
1979
1980
1981
-443
l,102
542
-536
143
71
-414
-168
-82
-296
-73
-37
-142
-74
-36
-130
80
40
l
2
3
-3,563
-4,805
-4,133
-3,807
-326
-3,175
-2,387
-788
-320
-1,137
817
-30
-974
944
-170
-719
549
-60
-1,100
1,040
4
-2,425
576
-2,499
12
-87
-2,383
-41
-156
404
-420
150
-196
-482
108
156
486
-127
-10
-33
-219
135
-138
272
-521
-40
-168
-85
-228
190
300
-243
20
-746
463
20
7
8
-502
-140
-203
111
1975
1976
Real Estate Investment Trusts
l Current surplus
2 Fixed nonres. investment
3 Multi-family resid. invest.
4 Net acq. of financial assets
5
6
Mort9ages
Miscdlaneous
assets
7 Net increase in liabilities
10
11
12
13
Corporate equity issues
Credit market instruments
Mortgages
Corporate bonds
Bank loans n.e.c.
Open-market paper
14
Miscellaneous liabilities
8
9
-17
164
83
-61
270
134
-163
755
372
-224
490
240
246
713
350
1,897
1,897
2.299
2,466
167
5,020
4,193
827
5,590
5,560
30
189
360
2,931
999
1,932
134
416
602
780
6,310
1,661
4,649
480
374
1,335
2,460
6,544
954
5,590
320
550
3,985
735
1,366
-884
1,470
169
159
4,407
-3,265
47
-1,142
-111
379
-609
119
-2,046
-295
-1,931
388
-183
-1,866
-270
780
1,300
180
2,161
1,462
699
116
505
78
549
-584
2.021
999
1.242
5
6
9
10
11
12
13
133 14
Security Brokers and Dealers
Current surplus
2 Net acq. of financial assets
Checkable dep. and currency
3
Corporate equities
4
5
6
7
8
9
10
11
Credit market instruments
U.S. government securities
Tax-exempt obl1 gat1 ons
Corporate & foreign bonds
Open-market paper
Security credit
Miscellaneous assets
12 Net increase in liabilities
Corporate equity issues
13
Security RPs (net>
14
15
16
17
Security �redit
From banks
Customer credit
18
19
Trade debt
Profit taxes payable
Miscellaneous liabilities
Proprietor net investment
20
21
balances
Net acq. of financial
Agency securities
2
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
228
97
-200
-6
321
186
29
138
771
269
844
-313
-17
1,364
24
-82
5,325
-16
125
-2,641
-227
636
-2,045
-102
72
3,237
-14
686
12,932
280
-2,381
-4,157
18
443
2,594
189
39
231
980
388
12,829
792
125
14,823
-153
518
2
3
4
2,333
1,670
554
109
-1,361
-1,599
113
125
1,316
213
-116
219
1,000
1,568
-4
218
354
1,000
224
248
-425
-599
1,000
1,025
-l,104
-74
1,203
1,000
8,419
5,062
1,041
-901
3,217
-5,429
-5,373
432
59
-547
-3,185
-1,430
2.592
-662
-866
-3,488
-5,288
307
128
1,365
15,349
8,658
495
1,374
5
6
7
-1,288
129
2,576
207
3,721
179
-4,336
-282
-1,566
-673
1,022
518
3,905
2,709
2,017
-1,206
2,618
2,933
313
2,038
7,279
2,041
-1,714 10
823 11
983
1,136
5,228
250
-2,441
250
-2,039
250
2,916
250
1,000
12,746
268
2,375
-4,186
134
-5,025
2,456
125
-1,719
231
-57
-2,478
12,058
364
876
14,554 12
797 13
9,104 14
l,932
980
1,146
652
494
4,116
3,925
191
-3,427
-3,238
-189
-2,925
-1,910
-1,015
2,884
2,236
648
7,351
6,453
1,912
1,903
347
-2,435
2,782
1,068
-765
1,833
6,693
811
5,882
3,091 15
4,598 16
-1,507 17
3
-10
25
837
-202
-12
-108
-12
756
35
-1,682
429
128
2,816
-192
-89
-886
-232
3,373
262
21
275
3,134
716
-159 19
1,220 20
501 21
-952
950
898
9
-227
68
956
721
2,261
325
425
-419
4,822
-
8
9
18
CHO Issuers
assets
Net increase in liabilities
Corporate bonds (CHO issues>
MILLIONS OF DOLLARS
-139
2
DECEMBER 1988
Finance n.e.c., Continued
Finance n.e.c., Continued
36
Sector Statements of Savin9 and Investment
ANNUAL FLOWS, 1982-87
ANNUAL FLOWS, 1982-87
1982
1984
1983
1985
1986
1987
Real Estate Investment Trusts
1
2
3
-158
175
87
-130
-63
-31
-300
469
231
-563
782
386
-591
873
430
-571
4
5
6
220
-40
260
80
80
2,025
828
1,197
792
2,419
-1,627
422
2
420
7
8
9
10
11
12
13
640
559
43
113
-20
74
-124
116
403
-219
25
2,523
1,964
501
12
-188
-68
3,025
2,038
842
411
88
116
227
14
38
-68
145
Current surplus
Fixed nonres. investment
Multi-family resid. invest.
1
2
3
2,150
962
l,188
Net acq. of financial assets
Mortga9es
Miscellaneous assets
4
55
4,133
2,637
1,525
69
2'42
135
2,316
1,648
957
79
290
260
328
282
313
592
338
Net increase in liabilities
Corporate equity issues
Credit market instruments
Mort9a9es
Corporate bonds
Bank loans n.e.c.
Open-market paper
7
8
9
10
11
12
13
58
-289
-29
Miscellaneous liabilities
14
946
466
5
6
Security Brokers and Dealers
180
-1,050
329
1,131
-942
298
2
3
4
24,004
1,660
932
7,660
-863
4,296
28,432
263
-999
37,825
2,371
2,592
29,190 -56,854
2,175 -1,353
1,351 -7,101
5
6
7
8
9
15,434
6,437
1,624
2,498
4,875
-7,733
-6,757
1,844
2,029
-4,849
28,769
12,799
4,536
5,731
5,703
-9,783
8,914
9,182
-2,752
5,561
13,201 -30,910
18,153 -16,810
-3,327 -8,358
325 -4,376
-1,950 -1,366
10
11
2,768
3,210
8,386
3,574
-2,343
2,742
18,865
8,436
6,730 -16,306
5,733 -1,184
23,675
6,529
699
954
24,730 -14,896
29,374
1,114
17,047
37,527
2,453
-1,191
29,010 -55,804
2,180
4,397
13,293 -49,126
1,687 -13,073
-7,277 -6,257
8,964 -6,816
12
13
14
15
16
17
3,038
-71
3,109
4,120
1,401
6,872
5,856
1,016
23,883
10,405
13,478
18
19
20
21
319
-6,439
1,328
1,023
-157
14,611
874
522
-58
2,237
1,640
791
345
9,226
2,020
2,719
1,060
159
7,001
3,630
Current surplus
Net acq. of financial assets
Checkable dep. and currency
Corporate equities
Credit market instruments
U.S. 9overnment securities
Tax-exempt obligations
Corporate & foreign bonds
Open-market paper
Security credit
Miscellaneous assets
Net increase in liabilities
Corporate equity issues
Security RPs (net)
-175
-580
4,207
-1,454
CMO Issuers
------ ------------------------------------------------
10
11
12
13
14
15
16
17
Trade debt
Profit taxes payable
Miscellaneous liabilities
Proprietor net investment
18
19
20
21
3,607
9,279
11,489
38,998
39,127
Net acq. of financial assets
Agency securities
627
3,607
9,279
11,489
38,998
39,127
Net increase in liabilities
Corporate bonds (CMO issues)
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5
6
7
8
9
Security cre�it
From banks
Customer credit balances
627
MILLIONS OF DOLLARS
2
3
4
2
DECEMBER 1988
Honetary and Insurance Reserves
Monetary and Insurance Reserves
37
Foreign Exchange, Treasury Currency and Insurance Reserves
ANNUAL FLOWS, 1970�1
ANNUAL FLOWS, 1970-81
1970
1971
1972
1973
1975
1974
1976
1977
1978
1979
1980
1981
Gold and Official Foreign Exchange Holdings (1)
Total U.S. reserves
2 U.S. 9old stock and SDRs
3
U.S. govt.: Ex. Stab. Fund
4
Monetary authority (2)
5 U.S. foreign exchange position
6
Official f9n.currency hldgs.
7
Treasury
8
Monetary authority
9
10
11
Net IMF position
U.S. 9overnment asset
Monetary authority
-2,481
-2,349
4
-158
1,467
849
2,558
375
-732
1.133
8,154
5,173
64
-301
365
-617
-17
-600
156
700
-544
-9
-9
172
87
85
66
119
-53
78
79
-1
239
119
120
-1,184
-1,249
65
1,:!01
1,352
-151
16
28
-12
1,8:!0
1,8:!9
-9
2
3
4
-2,545
-2,156
-1,080
-1,076
-1,732
-382
-191
-191
-152
1
-149
-182
-91
-91
1,295
30
16
14
783
317
160
157
2,480
268
134
134
136
-158
-80
-78
452
4,683
2,343
2,340
-68
-257
-128
-129
8,138
6,471
3,235
3,236
3,353
861
431
430
5
6
7
-389
-375
-14
-1,350
-1,349
-1
-153
-151
-2
3:'!.
35
-2
1,265
1,268
-3
466
407
59
2,212
2,213
294
291
3
-4,231
-4,224
-7
189
187
2
1,667
1,698
-31
2,492 9
2,473 10
19 11
524
S00
50
-26
l,610
1,260
500
-150
1.292
741
718
-177
1,245
650
800
-205
4
-1
8
(1) Lines 1, 2, and 3 exclude increases in SDRs through allocations, which
occurred at various dates beginning January 1970. Transactions in SDRs
are included. Also excluded from the table are revaluations of foreign
currency holdings, sold, SDRs, and IMF position. Allocations and
revaluations are reflected in tables on outstandings.
(2) Treasury gold stock.
-·--·-----------·-1 Total U.S. 9ovt. liability
2
3
4
Treasury currency
SDR certificates
Unallocated assets
622
301
400
-79
Treasury Currency and SOR Certificates
490
478
533
686
'422
403
445
536
12
-153
19
-91
937
966
100
-129
1,189
602
700
-113
300
511
50
-261
1
2
�
Insurance and Pension Fund Reserves
Life insurance reserves:
Net change in liabilities
U.S. govern111ent
Life insurance companies
5,341
106
5,235
6,352
71
6,281
6,875
152
6,723
7,348
175
7,173
7,121
115
7,006
8,084
138
7,946
8,785
186
8,599
9,534
221
11,190
319
10,871
10,700
9,313
10,418
282
9,735
46
9,689
9,203
256
8,947
l
2
3
5,341
6,352
6,875
7,348
7,121
8,084
8,785
9,534
11,190
10,700
9,735
9,203
4
5 Net change in liabilities
6
U.S. govern11ent
7
Insurance sector
8
Life insurance co111panies
9
Private pension funds
10
St.&loc. govt. rtr. funds
18,848
2,381
16,467
2,883
7,191
6,393
21,625
2,843
18,782
4,620
7,608
6,554
41,576
2,993
38,583
4,390
25,702
8,491
32,538
2,135
30,403
5,745
15, l 78
9,480
36,588
2,739
33,849
5,983
18,169
9,f\97
63,837
3,658
60,179
8,663
40,209
11,307
47,857
4,553
43,304
14,951
15,434
12,919
69,026
6,428
62.�98
16,822
29,891
15,885
83,832
6,901
76,931
19,133
37,120
20,678
91,134 108,768 108-708 5
7,898
8,747
9,784 6
83,236 100,021 98,924 7
19,386 22,349 29,512 8
47-631 51,187 39,722 9
16,219 26,485 29,690 10
11 Net change in assets CHH>
18,848
21,625
41,576
32,538
3( ,588
63,837
47,857
69,026
83,832
91,134 108,768 108,708 11
2
3
4 Net change in assets CHH>
Pension fund reserves:
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
DECEMBER l988
Monetary and Insurance Reserves
Forei9n Exchan9e, Treasury Currency and Insurance Reserves
ANNUAL FLOWS, 1982-87
1982
1984
1985
1986
--------------
1987
------------------
Gold and Official Forei9n Exchan9e Holdin9s C 1 >
4,964
1,195
3,130
3,857
-313
-9, 149
65
979
1,004
-25
897
903
510
496
2,151
1,156
579
577
2,960
3,869
l,935
1,934
246
272
-26
-559
-9,659
1,372
1,375
-3
5
6
3,592
l,130
l,040 -3,305
520 -1,653
520 -1,652
7
8
9
10
11
2,552
2,543
9
92
-27
4,435
4,453
-18
38
ANNUAL FLOWS, 1982-87
1983
2
3
4
Monetary and Insurance Reserves
995
l,013
-18
-6
---------------Total U.S.
reserves
U.S. 9old stock and SDRs
U.S. 9ovt.: Ex. Stab. Fund
Monetary authority (2)
14
U.S. foreign exchan9e position 5
Official f9n.currency hld9s. 6
Treasury
7
Monetary authority
8
942 -7,589
472 -3,795
470 -3,794
Net IMF position
u.s. 9overnment asset
Monetary authority
-909 -1,501 -2,070
-931 -1,485 -2,064
-6
-16
22
9
10
11
Cl> Lines l, 2, and 3 exclude incrtases 1n SDRs throu9h allocations, which
occurred at various dates bt91nning January 1970. Transactions 1n SDRs
art included. Also excluded from the table are revaluations of forei9n
currency hold1 n9s, 9old, SDRs, and IMF pos1t1on. Allocations and
revaluations are reflected in tables on outstandings.
(2) Treasury sold stock.
Treasury Currency and SDR Certificatts
l
2
3
4
1,657
561
1,300
-204
468
689
553
686
-221
-133
--------1
2
7,172
201
487
634
100
-247
789
515
300
-26
---------
Total U.S. 9ovt. liability
Treasury currency
SDR certificates
Unallocated assets
469
610
-141
---------------
l
2
3
4
Insuranct and Pension Fund.Reserves
3
6,971
172
7,821
5,202
236
4,966
4
7,172
7,993
5,202
7,993
Lift insurance rtstrvts1
10,717
276
10,441
17,515
294
26,046
17,221
25,736
Net change in liabilities
U.S. government
Lift insurance companies
10,717
17,515
26,046
Net change in assets
310
(HH)
l
2
3
4
Pension fund rtstrves1
5 1-.0,875 151,180 152,-.55 174,849 175,138 170,352
6 11,726 14,067 17,950 18,828 20,777 19,952
7 129, 1-.9 137,113 134,505 156,021 15-..361
8 39,681 38,750 46,693 63,372 77,51 l
9 57,50.. 59,117 -.2.077 39,500 19,241
10 31,96-. 39,246 .;5,735 53,149 57,609
150,400
70,627
25,092
54,681
11 140,875 151,180 152,455 174,849 175,138 170,352
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Net change in lilb111tits
U.S. government
Insurance sector
Lift insurance companies
Private pension funds
St.&loc. govt. rtr. funds
Net change in
assets
CHH)
5
6
7
8
9
10
11
DECEMBER 1988
Interbank Claims
Inhrbank
Net Interbank Positions, Domestic and Forei9n Banks
39
ANNUAL FLOWS, 1970-81
--·--------------------------
ANNUAL FLOWS, 1970-81
1970
1971
1972
1973
1974
1975
Claims
1976
1977
1978
1979
1980
1981
Net Interbank Claims
l Net chan9e in 11abil1t1es
2
Monetary authority
Coml. bank reserves
3
4
Vault cash
10
11
Commercial bankin9
To monetary authority
To banks in f9n entries.
Liabi 11t1es, net
U.S. chartered banks
Due to f9n affils.
-Due from fgn aff1ls.
12
13
14
Domestic affiliates
Due to f9n. affil.
-Due from f9n. affil.
5
6
7
8
9
15
16
17
18
19
20
F9n. bk9. off. in U.S.
Due to fgn affil.
-Due from f9n. affil.
Less: Dep. at fgn. banks
U.S. chartered banks
Fgn. bkg. off. in U.S.
27
28
To U.S. banking, net
u.s.-chartered banks
Liabilities
To dom. affiliates
To f9n. off in U.S.
Unallocated
Less, due from:
Fgn. offices in US
Domestic Affiliates
29
30
31
Domestic affiliates
Due to U.S. banks
-Due from U.S. banks
32
33
34
Fgn. bk9. off. in U.S.
Due to U.S. banks
-Due from U.S. banks
21
22
23
24
25
26
35 Net change in assets
36
37
38
39
40
41
42
43
Foreign
Domestic
Monetary authority
Federal Reserve float
Loans to member banks
Commercial bankin9
Reserves at F.R.
Vault cash
44 Discrepancy:
Floats, etc.
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
_ -2,977
1,792
2,065
-273
-1. 741
4,132
3,638
494
-4,785
-1,016
-2,141
1,125
-2,723
-1,071 -11,175
-265
821
-1,217
209
952
612
-9,127
-1,025
-894
-131
-1,380
3,513
1,712
1,801
16,111
5,901
4,353
1,548
21,502 -33,058 -30,288
1,587 -1,017 -3,412
-1,431 -2,336 -2,228
1,319 -l,184
3,018
-4,769
973
-6,388
-6,247
-6,006
-6,006
-5,873
-214
-4,610
-4,400
-4,881
-4,936
-3,769
1,573
-728
-453
-526
-187
339
-6,176
-1,598
-5,190
-4,857
-872
-806 -11,996
-2,057
1,617
-1,235 -9,859
-363 -8,008
-1,589 -7,139
2,578
-799
4,167
6,340
-8. 102
-1,291
-5,950
-4,133
-6,966
658
7,624
-4,893
1,449
-920
l,107
-1,286
3,483
4,769
10,210
3,613
6,412
19,915
533
21,098
20,909
14,335
13,114
700
700
-100
100
200
-100
100
200
989
-666
-1,655
811
811
-2,116
795
2,911
-6,142 12
1,036 13
7,178 14
2,226
-869
858
1,727
2,933
3,973
1,040
2,493
5,584
3,091
3,736
7,074
3,338
5,763
15,470
9,707
1,163
13,456
12,293
-8,8�2 15
2,027
408
1,619
-472
-853
381
-189
-165
-24
5,412
3,403
2,009
3,005 18
3,383 19
-378 20
-55
3,453
1,413
2,040
-227
645
-2,500
-1,000
2,500
1,000
5,940
1,215
4,355
3,140
2
3
4
-32,041 -26,876 5
-1,945 -2,913 6
-26,588 -20,939 7
-21,176 -17,934 8
-20,223 -2,970 9
-5,723 12,703 10
-1,221 14,500 15,673 11
-241
239
480
715
234
73
457
384
-1,485
-256
1,229
4,489
2,263
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
646
1,253
1,729
-1,049
-1,776
193
-4,614
-6,778
-4,050
612
-3,428
4,858
2,486
-927
7,046
1,083
646
1,242
-1,049
564
-4,614
4,246
612
4,560
2,486
-3,754
-65
-289
1,500
1,965
-3,754
-861
866
3,724
1,060
3,525
-861
-5,422
8,166
2,665
5,316
185
476
1,969
2,728
8,286
7,173
800
-724
500
2,626
232
4,500
154
12,404
1,360
14,082
2,553
15,010
1,823
13,417 27
-511 28
800
800
-1,000
500
1,500
-828
232
1,060
-1,356
154
1,510
-1,305
1,360
2,665
1,691
2,553
862
51
1,823
1,772
-4,934 29
-511 30
4,423 31
-899
-1,742
4,500
7,088
12,404
5,316
5,025
14,082
9,057
10,670
15,010
4,340
12,953 32
13,417 33
464 34
4,042
-920
4,962
23,218 -29,550 -27,264 35
481
-5,422
-2. 324
2,330
1,510
6,242
185
-5,598
8,954 16
17,776 17
-1. 716 -3,508 -3,024 21
-8,432 -14,229 -11,043 22
1,863 23
2,604
8,203
4,423 24
1,772
862
464 25
4,340
9,057
-1. 716 -3,508 -3,024 26
-607
476
1,083
727
1,969
2,164
2,728
564
4,040
8,286
4,246
2,613
7,173
-2,689
-724
1,965
2,626
-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
-3,335
-5,190
1,855
-1,598
-875
-723
-3,557
-1,235
-2,322
-959
-7,421
-9,859
2,438
1,617
1,687
-70
-8,266
-5,950
-2,316
-1,291
-1,087
-204
1,209
240
15,926
6,412
9,514
3,613
2,706
907
1,792
2,065
-273
4,132
3,638
494
-1,016
-2,141
l,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
1,587
-1,431
3,018
-1,017
-2,336
1,319
-2,228 42
646
-1,049
-4,614
612
2,486
-3,754
-861
-5,422
185
-1,716
-3,508
-3,024 44
1,2�2
4,560
-2,057
-1,098
3,525
6,242
1,449
21,098 -26,588 -20,939 36
-2,962 -6, 325 37
2,120
533 -1,945 -2,913 38
251 -2,300 -2,705 39
-208 40
355
282
-3,412 41
-l,184 43
DECEMBER 1988
Interbank Claims
Interbank Clai11s
40
Net Interbank Positions, Domestic and Forei9n Banks
ANNUAL FLOWS, 1982-87
ANNUAL FLOMS, 1982-87
1982
1984
1983
1985
1986
1987
Net Interbank Claims
l -34,301
2,170
2
1,261
3
909
4
-2,062
-3,579
-5,043
1,464
14,254
3,615
373
3,242
29,277
8,111
6,812
1,299
5 -36,471
89
6
7 -35,699
8 -25,177
9 -13,221
10 -2.729
11 10,492
1,517
-971
12,469
10,633
6,682
8,470
1,788
10,639
1,951
2,284
-662
-6,395
865
7,260
21,166
-384
14,547
9,831
8,099
10,331
2,232
14
13
-2,177
282
2,459
-3,137
694
3,831
-586
780
1,366
-504
-l,126
-622
15
16
17
-9,779
-6,280
3,499
7,088
5,270
-1,818
6,319
-863
-7,182
2,236
7,383
5,147
18
19
20
10,522
10,292
230
-1,836
-1,264
-572
-2,946
-4,636
1,690
-4,716
-2,018
-2,698
-1,071
-1, 007
-64
-2,008
-1,861
-147
21
22
23
24
25
26
-861
-2,543
-7,089
857
-7,085
-861
-9,981
1,234
-4,775
6,876
-1,670
-9,981
6,404
6,558
269
-3,004
-3,131
6,404
7,003
-1,215
8,300
l
1,296
7,003
-1,095
801
5,865
-319
7,279
-1,095
-5,178
1,554
2,079
-2,239
9,496
-5,178
27
28
-4,743
197
-5,437
-572
-4,650
-1,639
6,309
3,206
6,070
-1,006
1,787
-1,262
29
30
31
-660
197
857
-7,448
-572
6,876
1,365
-1,639
-3,004
3,205
3,206
l
-687
-1,006
-319
32
33
34
2,342
-4, 743
-7,085
-3,767
-5,437
-1,670
-1,519
-4,650
-3,131
5,013
6,309
1,296
35 -33 ,440
36 -35,699
2,259
37
38
89
973
39
-884
40
7,919
12,469
-4,550
-971
-1,172
201
7,850
5,566
1,951
-708
2,6�9
22,274
14,547
7,727
-384
133
-517
43
(,2
2,170
1,261
909
-3,579
-5,043
1,464
3,615
373
3,242
44
-861
-9,981
6,404
12
41
2,28�
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Net chanse in liabilities
Monetary authority
Coml. bank reserves
Vault cash
l
2
3
4
30,013
19,591
19,476
115
33,623
-7,117
-6,323
-794
10,422
12,739
11,668
-3,686
-5,056
-1, 370
40,740
1,800
44,118
42,110
15,255
12,005
-3,250
5
Commercial bankin9
6
To monetary authority
7
To banks in f9n entries.
8
Liabilities, net
9
U.S. chartered banks
10
Due to f9n affils.
-Due from f9n affils. 11
1,278
1,203
-75
3,465
880
-2,585
12
Domestic affiliates
13
Due to fgn. affil.
-Due from fgn. aff 11. 14
14,076 23,390
18,680 13,018
4,604 -10,372
F9n. bk9. off. in U.S. 15
16
Due to fgn affil.
-Due from fgn. affil. 17
-1 ,222
Less: Dep. at f9n. banks 18
19
U.S. chartered banks
F9n. bk9. off. in U.S. 20
To U.S. banking, net
u.s.-chartered banks
Liabilities
To dom. affiliates
To f9n. off in U.S.
Unallocated
Less, due from:
Fgn. offices in US
Domestic Affiliates
21
22
23
24
25
26
-1,262
-2,239
Domestic affiliates
Due to U.S. banks
-Due from U.S. banks
29
30
31
-1,209
6,070
7,279
-7, 709
1,787
9,496
F9n. bk9. off. in U.S.
Due to U.S. banks
-D•Je from U.S. banks
32
33
34
31,108
12,739
18,369
273
-1,495
38,801
44,118
-5,317
1,800
-450
2,250
Net chan9e in assets
Foreisn
Domestic
Monetary authority
Federal Reserve float
Loans to member banks
35
36
37
38
39
40
8,111
6,812
1,299
19,591
19,476
115
-7,117
-6,323
-794
Commercial bankins
Reserves at F.R.
Vault cash
41
42
43
7,003
-1,095
-5,178
-1,222
977
Discrepancy:
Floats, etc.
27
28
44
DECEMBER 1988
Deposit Claims
Deposit Claims
41
Monetary Claims On Financial Institutions
-------------
ANNUAL FLOWS, 1970-81
ANNUAL FLOWS, 1970-81
1970
1971
1972
1973
1974
1975
1977
1976
1978
1979
1980
1981
Checkable Deposits and Currency
Net change in liabilities
12,406
17,691
24,082
16,288
6,909
18,667
24,848
30,243
32,661
35,768
17,058
27,904
10,709
4,470
-39
6,278
10,628
3,085
163
7,380
4,779
-3,347
-29
8,155
6,259
-3,070
56
9,273
8,197
134
111
7,952
9,024
-1,070
-242
10,336
10,884
1,246
141
9,497
2
3
4
8,624
-1,114
-3,926
13,664
6
7
8
2
3
4
Monetary authority
U.S. govt. cash & deposits
Foreign deposits
Currency outside banks
3,068
-382
-31
3,481
4,491
897
119
3,475
3,130
-1,106
-96
4,332
3,357
-498
-69
3,924
6,943
439
6
7
8
Commercial banking
U.S. government deposits
Forei9n deposits
Private domestic deposits
9,306
2,884
552
5,870
13,126
2,231
-312
11,207
20,884
706
1,698
18,480
12,742
-1,008
2,964
10,786
-171
-5,058
2,603
2,284
7,587
-1,692
-277
9,556
13,365
-89
3,032
10,422
24,471
4,292
2,429
17,750
25,373
6,760
-304
18,917
26,353
400
4,133
21,820
5,102
-2,558
259
7,401
32
74
68
189
137
371
855
993
1,029
1,218
2,932
8,396 10
27,904 11
5
9
10
Savings institutions
11 Net change 1n total assets
223
6,281
5
9
12,406
17,691
24,082
16,288
6,909
18,667
24,848
30,243
32,661
35,768
17,058
12
13
14
15
Pvt. domes. sectors, by type
Currency
Demand deposits
Other checkable
9,383
3,481
5,870
32
14,756
3,475
11,207
74
22,880
4,332
18,480
68
14,899
3,924
10,786
189
8,702
6,281
2,237
184
16,205
6,278
9,239
688
18,657
7,380
9,494
l,783
26,898
8,155
17,188
1,555
29,219
9,273
15,418
4,528
30,990
7,952
14,441
8,597
20,669 31,557 12
10,336
9,497 13
-823 -28,777 14
11,156 50,837 15
16
17
18
19
20
21
22
Pvt.domes.sectors, by holder
Pvt. domestic nonfinancial
Households
Business
State&local 9overnments
Hail float
Financ1al sectors
9,383
8,962
8,817
1,052
-1,046
139
421
14,756
13,841
12,207
-1,355
824
2,165
915
22,880
21,159
13,307
2,619
549
4,684
1,721
14,899
14,278
12,652
1,976
10
-360
621
8,702
8,279
6,277
1,340
223
439
423
16,205
14,354
5,496
6,762
455
1,641
1,851
18,657
17,709
13,736
4,338
-951
586
948
26,898
25,427
17,033
5,546
1,060
1,788
1,471
29,219
26,297
19,091
7,710
-33
-471
2,922
30,990
27,831
32,745
-4,480
-382
-52
3,159
20,669
17,392
6,060
9,642
-607
2,297
3,277
23
24
Foreign
U.S. government
521
2,502
-193
3,128
1,602
-400
2,895
-1,506
2,826
-4,619
-316
2,778
3,195
2,996
2,400
945
-248
3,690
4,244
534
17
-3,628
-3,785 23
132 24
31,557 16
17
18
19
20
21
28.112
32,929
-7,439
-1,474
4,096
3,445
22
-------------
Small Time and Savings Deposits
l Net chan9e in liabilities
Commercial banks
2
3
4
5
6
Savin9s institutions
Savin9s and loan assns.
Mutual savin9s banks
Credit unions
7 Net chanse in assets
Households
8
9
10
11
State and local governments
U.S. 9overnment
Credit unions
30,445
14,153
16,292
10,256
4,294
1,742
68,268
28,569
39,699
27,143
9,691
2,865
70,661
25,636
45,025
31,753
10,011
3,261
39,167
12,623
26,544
19,223
4,442
2,879
37,593
17,315
20,278
14,536
2,743
2,999
97,859 121,417
39,796 54,491
58,063 66,926
41,629 48,687
10,951 12,454
5,483
5,785
94,513
28,110
66,403
48,639
10,428
7,336
65,125
13,231
51,894
38,688
7,423
5,783
59,611
29,450
30,161
24,802
1,469
3,890
82,698
44,828
37,870
30,352
5,308
47,812"
40,070
7,742
3,943
1,573
30,445
29,985
68,268
67,759
70,661
70,262
39,167
39,528
252
208
57
4S2
86
313
-167
-194
37,593
31,n0
41
38
284
97,859 121,417
96,624 116,189
912
5,121
95
159
228
-52
94,513
95,490
-1,568
147
444
65,125
65,958
-146
64
-751
59,611
59,779
-588
65
355
82,698
82,504
-325
-210
729
47,812 7
47,505 8
68 9
-142 10
381 11
54,750
48,556
42,135
6,421
6,194
29,275
13,796
10,163
3,633
15,479
59,971
47,222
39,329
7,893
12,749
61,293
51,537
43,924
7,613
9,756
59,971
45,186
39,390
7,438
-1,642
1,214
61,293 6
36,663 7
14,125 8
20,367 9
2,171 10
2,270 11
13,571
2,533
49
1,692
37
226
9,034
22,360
-742
-74
-342
545
129
22,844
2,210
2,226
l
2
3
4
5
6
-----------
Larse Time Deposits
l Net chanse in liabilities
Commtrcial bankin9
2
Domestic banks
3
4
Foreisn bankins offices
Savin9s institutions
5
24,207
23,485
23,109
376
13,423
12,670
12,410
260
753
17,590
16,676
17,048
-372
914
39,107
38,016
37,055
961
1,091
41,066 -8,934 -13,876
39,349 -9,936 -15,260
38,225 -13,320 -15,642
l,124
3,384
382
1,717
1,002
1,384
28,302
25,979
23,763
6 Net chanse in assets
7
Pvt. domtst1c nonfinancial
8
Households
24,207
24,898
11,841
3,095
9,962
-1,664
13,423
11,199
-1,787
5,762
39,107
35,162
41,066 -8,934 -13,876
27,519 -19,667 -10,074
17,189 -19,344 -10,539
5,412
2,191
3,464
4,918 -2,514 -2,999
7,731
1,456 -1,899
28,302
24,189
8,480
7,439
8,270
-400
54,750
42,497
29,851
5,354
329
17,590
12,634
1,919
3,981
6,734
2,904
l,145
29,275
15,614
9,195
7,950
-1,531
1,173
973
375
244
208
103
43
1,895
1,718
152
452
-362
-65
2,052
1,078
185
312
434
43
1,133
-463
186
-193
994
609
4,513
126
-3
444
3,372
268
306
11,108
389
349
-647
7,414
938
2,665
12,488
-2,200
-314
659
5,710
l,104
7,529
10
11
Business
State & local 9overnments
Forei9n
12
13
14
15
16
17
18
Financial sectors
Saving and loan assns.
Mutual savings banks
Credit unio'ls
Private pension funds
St.&local govt.rtr.funds
Honey market funds
9
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
722
7,224
22,201
6,346
6,615
2,812
5,816
682
210
284
2,277
743
1,620
9,277
4,520
56
230
4,324
-372
519
-1,903
-1,425
-51
248
-23
-652
2,216
2,323
7,292
2
3
4
5
12
13
14
15
16
17
18
DECEMBER l 988
Deposit Claims
Deposit Claims
42
Hone tary Claims On Financial I nstituti ons
ANNUAL FLOWS, 1982-87
ANNUAL FLOWS, 1982-87
1982
1984
1983
1985
1986
1987
Checkable Deposits and Currency
37,659
40,379
47,358
83,494 126,993
2
3
4
5
10,153
717
-249
9,685
12,995
-1,338
26
14,307
10,285
1,705
-39
8,619
16,560
4,072
118
12,370
12,366
-1,878
-171
14,415
6
7
8
9
19,189
6,061
-3,411
16,539
15,906
-5,343
1,579
19,670
29,194
4,025
1,979
23,190
53,887
10,251
1,447
42,189
94,120 -19,762
1,683 -5,836
2,850 -1,347
89,587 -12,579
10
8,317
11,478
7,879
13,047
20,507
6,976
3,906
3,906
Net change in liabilities
16,692
-2,264
-56
19,012
Monetary authority
U.S. sovt. cash & deposits
Forei9n deposits
Currency outside banks
2
3
Commercial banking
U.l, sovernment deposits
Forei9n deposits
Private domestic deposits
6
7
8
9
Savin9s institutions
Net chan9e in total assets
4
5
10
11
11
37,659
40,379
47,358
83,494 126,993
12
13
14
15
34,541
9,685
-1,107
25,963
45,455
14,307
2,677
28,471
39,688
8,619
15,301
15,768
67,606 124,509 13,409
12,370 14,415 19,012
22,041 52,703 -29,952
33,195 57,391 24,349
Pvt. domes. sectors, by type 12
13
Currency
Demand deposits
14
15
Other checkable
16
17
18
19
20
21
22
34,541
28,304
22,135
9,552
-1,555
-1,828
6,237
45,455
43,084
26,082
15,057
-680
2,625
2,371
39,688
36,581
21,749
11,656
5,031
-1,855
3,107
67,606 124,509
53,281 107,655
24,037 84,906
25,403 28,156
3,507
1,071
2,770 -8,914
14,325 16,854
13,409
16,632
9,733
5,696
769
. 434
-3,223
Pvt.domes.sectors, by holder
Pvt. domestic nonfinancial
Households
Business
State&local 9overnments
Hail float
Financial sectors
16
17
18
19
20
21
22
23
24
-3,660
6,778
1,605
-6,681
1,940
5,730
1,565
14,323
-1,403
-8,100
Foreign
U.S. government
23
24
2,679
-195
Small Time and Savings Deposits
1 138,70 l 216,568 150,813 141,089 124,089 76,215
2 96,371 130,801 74,583 80,348 71,550 27,�53
3 42,330 85,767 76,230 60,741 52,539 48,862
4 29,659 65,671 66,257 45,001 36,323 48,556
7,452 -1,313 -3,669 -7,259 -11,001
4,471
5
8,200 12,644 11,286 19,409 23,475 11,307
6
7 138,701 216,568 150,813 141,089 124,089
8 134,299 210,077 153,234 143,791 120,374
9
1,461
5,328 -2,580 -5,368
244
10
472
-451
532
40
185
11
2,469
1,614
-373
2,626
3,286
76,215
71,677
4,240
218
80
Net change in liabilities
Commercial banks
Savings institutions
Savinss and loan assns.
Mutual savings banks
Credit unions
Net chanse in assets
Households
State and local governments
U.S. government
Credit unions
1
2
3
4
5
6
7
8
9
10
11
Large Time Deposits
-------------------------------------------------------------------87,280
38,266
33,901
4,365
49,014
4,985
3,221
-6,570
9,791
1,764
51,509
42,089
37,653
4,436
9,420
Net change in liabilities
Commercial banking
Domestic banks
Forei9n banking offices
Savings institutions
l
2
3
4
6 24,562 -13,011
7 -2,401 -8,297
8 -19,414 -24,971
9 14,646 28,262
10
2,367 -11,588
11
6,813
514
87,280 17,940
4,985
84,325
7,732 -11,452
54,947 -29,611 -31,837
26,569 24,949 25,217
2,809 12,394 -4,832
4,560
3,708 -2,659
51,509
27,577
17,470
13,582
-3,475
925
Net chanse in assets
Pvt. domestic nonfinancial
Households
Business
State & local 9overnments
Forei9n
6
7
8
9
12
13
14
15
16
17
18
-1,605
-5,499
-1,400
-819
3,343
3,175
-405
23,007
-8,509
l
371
15,045
1,660
14,439
1 24,562 -13,011
2 12,952 -48,307
3
2,278 -38,712
4 10,674 -9,595
5 11,610 35,296
20,150 -5,228
7,164
1,166
1,418
18
4,952
32
7,511
7,515
2.179
2,793
-3,074 -16,752
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
17,940
11,761
10,849
912
6,179
6,500
2,267
-281
2,346
7,600
1,367
-6,799
19,096
3,966
-10
3,765
5,596
3,503
2,276
Financial sectors
Saving and loan assns.
Mutual savin9s !>anks
Credit unions
Private pension funds
St. &local govt. rtr.funds
Money market funds
5
10
11
12
13
14
15
16
17
18
DECEMBER 1988
Deposit Claims, Continued
43
Deposit Claims, Continued
Honl!tary Claims On Financial Institutions
-----------
ANNUAL FLOI-IS, 1970-81
ANNUAL FLOWS, 1970-81
-----------1970
1971
1974
1973
1972
---------------------
1975
1977
1978
1979
201
-243
200
150
6,921
5,993
410
253
265
34,406
30,596
2,390
597
823
30,831 109,796
24,529 90,742
3,993 11,423
858
3,700
3,931
1,451
1976
1980
1981
Honey Market Mutual Fund Sharl!S
2
3
4
5
Net chan9e in assets
Households
Nonfin. corp. business
life insurance cos.
Private pension funds
2,379
2,379
1,317
1,317
-10
-10
94
-----------
---------------------
Fl!deral Funds and Security Repurchase Agreements
---·---------------
1 Net chan9e in liabilities
Commercial banking (net)
2
Domestic banks
3
4
5
6
7
-4,057
-4,057
-4,057
Foreign banking offices
Savings and loan assns.
Mutual savings banks
Brokers & deall!rs (net)
8 Net change in assets
9
10
11
12
13
14
15
16
17
18
19
Nonfinancial corporations
State and local governments
Foreign
Financial Sectors
Monetary authority
Sponsored crl!dit agencies
Savings and loan assns.
Mutual savings banks
Credit unions
Other insurance companil!S
Honey market funds
20 Discrepancy-unallocated assets
4,016
4,016
4,016
2,220
l,453
1,453
16,055
13,890
13,890
7,700
10,561
10,561
23,933
2;'.!,516
22,516
17,050
16,971
16,971
24,185
20,481
20,481
29,925
2,244
3,304
1,387
l,387
14,776
14,776
1
2
3
300
123
358
1,500
417
75
-308
1,000
-56
-154
2,375
1,935
229
-5,025
2,130
1,006
-1,719
520
2,037
-2,478
2,061
767
876
3,027
3,018
9,104
7
8,321
2,317
1,064
-74
5,014
3,106
285
4,467
1,208
l,691
-74
1,642
-1,520
156
14,333
7,973
2,514
2,125
1,721
-l,502
l,423
14,973
2,614
4,048
1,687
6,624
560
564
16,771
9,572
251
282
6,666
966
1,803
1,200
434
2,300
576
1,700
20
2,500
936
-700
634
732
2,459
843
l,153
1,611
13,350
8,574
-3,049
-5,777
879
773
1,616
1,504
-614
-458
-1,357
400
500
4,276
-47
2,281
25
2,703
l ,274
-969
-817
-754
1,000
-74
-989
346
-287
106
508
218
367
132
l,325
717
2,606
-300
-1,006
-99
92
57
-11
130
80
2,064
3,231
-1,859
1,557
1,514
3,262
6,353
3,037
7,734
3,233
9,600
2,077
7,414
2,449
1,993
456
9,782
5,143
4,639
-------
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
---·---------
16,612
:6,254
16,254
-2,198
-3,077
-375
-375
U.S. Deposits in Foreign Countries
436
436
5
2,667
2,244
--------------------------------
1 Total fgn. liability, held by:
Nonfinan. corporate business
2
Honey market funds
3
1
2
3
4
938
938
1,157
1,157
-200
-200
826
826
1,669
1,669
1,315
1,301
14
4
5
6
30,406 8
5,007 9
5,210 10
9 11
20,180 12
350 13
3,468 14
4,186
1,525
1,665
100
8,886
15
16
17
18
19
-481 20
----------·-----4,479
2,819
1,660
10,419
-1,658
12,077
1
2
3
DECEMBER 1988
Deposit Claims, Continued
Deposit Claims, Continued
Monetary Claims On Financial Institutions
ANNUAL FLOWS, 1982-87
-------------------------------------1986
1985
1984
1983
1987
1982
------------------------------------------------
44
---------------------
ANNUAL FLOWS, 1982-87
Honey Market Mutual Fund Shares
23,986
28,880
-681
-2,834
-1,379
1
2
3
4
5
32,707 -40,444
32,847 -31,089
615 -7,878
1,092 -1,888
411
-1,847
54,161
44,049
4,909
2,232
2,971
10, 248
12,111
-3,245
403
979
48,307
34 t220
7,305
2,617
4,165
l
2
3
4
5
6
7
31,921
9,188
9,188
11,838
14,766
11,266
3,500
-1,179 13,870
-818 -1,902
24,730 -14,896
37,979
1,577
1,909
-33�
18,811
544
17,047
29,717
31,257
26,782
4,475
-1,867
1,518
-1,191
52,214 -1,461
19,199 10,941
10,761 12,645
8,438 -1,704
14,168 26,298
5,554 10,426
13,293 -49,126
Net chan9e in liabilities
Commercial banking CnetJ
Domestic banks
Foreign banking offices
Savings and loan assns.
Mutual savings banks
Brokers 8 dealers Cnetl
8
9
10
11
12
13
14
37,009
8,721
7,344
1,582
19,362
2,093
5,379
15,799
6,244
7,242
482
1,831
-3,763
-2,286
40,849
450
9,509
99
30,791
5
8,343
43,343
9,509
5,127
759
27,948
3,208
11,247
6,612
46,399
5,829
12,154
8,600 11,047
3,350
2,226
22,295 -12,490
10,782 -14,689
4,987 -2,207
Net chan9e in assets
Nonfinancial corporations
State and local governments
Foreign
Financial Sectors
Monetary authority
Sponsored credit agencies
15
16
17
18
19
5,386
44
789
3,976
1,695
915
-565
1,084
9,641
-3,195
6,858
1,304
344
4,197
9,740
459
289
3,742
5,703
3,300
-2,684
20
2,511
588
6,091
-1,109
-1,886
-1,683
1,953
7,131
20
-5,088
-3,961
-2,870 -13,626
5,815
-8,073
-------------------------------------------------Federal Funds and Security Repurchase Agreements
----------------------------------------------------------------------------
-------- ----------------
Net chan9e in assets
Households
Nonf1n. corp. business
Life insurance cos.
Pr1 vate pension funds
Savings and loan assns.
Mutual savings banks
Credit unions
Other insurance companies
Honey market funds
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
Discrepancy-unallocated assets 20
U.S. Deposits in Foreign Countries
1
2
3
4,501
-412
4,913
1,279
3,127
-1,848
-5,785
-5,087
-698
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
-4,271
-2,085
-2,186
9,089
5,948
3,141
-3,394
-2,838
-556
Total fgn. liability, held by:
Nonfinan. corporate business
Money market funds
1
2
3
DECEMBER l988
U.S. Government Securities
U.S. Government Securit11s
45
U.S. Government Securities Market Summary
ANNUAL FLOWS, 1970:Sl
ANNUAL FLOWS, 1970-81
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
Total Net Issues, bY Sector and Type
l Total U.S. government secur.
2
U.S. government
3
Spons. agenci1s & mtg. pools
21,711
11,926
9,785
30,883
24,970
5,913
23,560
15,161
8,399
28,268
8,337
19,931
31,917
11,897
20,020
94,890
85,495
9,395
83,760
69,118
14,642
79,942
56,876
23,066
90,451
53,778
36,673
84,785 122,885 133,015
37,478 79,300 87,482
47,307 43,585 45,533
1
2
3
BY instru1111nt:
Treasury issues
Household savings bonds
Treas. excl. savings bonds
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 57,649
4,744
4,655
64,484 .52,905
55,113
3,929
51,184
38,761
-815
39,576
79,793
-7,348
87,141
87,823
-4,338
92,161
4
5
6
4,863
8,827
791
319
-1,277 -1,841
1,142
8,234
4,771
1,551
9,298
1,842
-943
3,521
4,878
20,361
736
-306
16,295
3,636
19,890
141
-271
16,602
3,418
9,042
-269
-84
2,342
7,053
14,621
60
-81
2,460
12,182
22,293
-532
-241
6,956
16,,110
35,338
-1,053
-282
23,069
13,604
46,024
-1,129
-154
24,256
23,051
43,092
-317
-176
24,404
19,181
45,192 7
-258 8
-83 9
30,505 10
15,028 11
21,711
-97
1,100
1,095
5
30,883
18
-546
-566
20
23,560
-17
-1,215
-1,248
33
28,268
-2
-19
-100
81
31,917
-6
423
296
127
94,890
83,760
79,942
90,451
84,785 122,885 133,015
1,469
1,494
-25
1,488
1,457
31
-3,802
-3,431
-371
590
481
109
206
-203
409
666
443
223
377
219
158
3
4
5
8,452
8,560
-108
7,133
6,813
320
3,531
3,008
523
8,825
8,439
386
6
7
8
14,898
12,353
2,545
4
5
6
7
8
9
10
11
Other
Budget agency issues
Loan participations (l >
Spons. agency issues 12)
Mortgage pool secur. (2 >
1 Total purchases, by sector
2
U.S. govt. (agency issues>
Sponsored credit agencies
3
4
Treasury issues
Agency issues
5
--------------------------------------Total Net Purchases, by Sector and Type
--------------------------------------------------
l
2
6
7
8
Monetary authority
Treasury issues
Agency issues
4,988
4,988
7,339
6,854
485
1,638
812
826
9,276
8,650
626
4,365
1,600
2,765
8,029
6,659
1,370
7,273
6,551
722
8,860
7,650
1,210
9
Foreign
Treasury issues
9,816
9,492
324
26,593
26,554
39
8,319
8,174
145
-105
-157
52
3,500
3,967
-467
7,145
7,248
-103
12,678
12,102
576
33,475
30,764
2,711
27,006 -16,930
25,733 -17,475
545
1,273
5,904
-2,691
8,595
-2,521
-6,822
4,301
14,835
6,524
8,311
19,118
-486
19,604
23,635
6,164
17,471
78,247
70,447
7,800
62,321
49,029
13,292
41,409
22,666
18,743
54,403
20,339
34,064
94,376 103,790 114,310 12
49,626 63,989 71,219 13
44,750 39,801 43,091 14
-7,838
-9,594
319
-9,913
1,756
-9,854
-5,975
2,327
-8,302
-3,879
1,326
3,732
3,251
481
-2,406
17,134
10,205
2,687
7,518
6,929
17,286
8,084
2,984
5,100
9,202
26,513
29,495
4,025
25,470
-2,982
11,986
7,891
4,655
3,236
4,095
24,014
21,308
4,744
16,564
2,706
39,329
26,640
3,929
22,711
12,689
67,376
47,039
-815
47,854
20,337
28,308
21,688
-7,348
29,036
6,620
29,959
3 0,738
-4,338
35,076
-779
-5,291 -11,493
-11,370 -7,621
2,327
319
-11,689 -9,948
6,079 -3,872
-2,678
1,596
3,251
-1,655
-4,274
13,864
13,102
2,687
10,415
762
12,633
8,551
2,984
5,567
4,082
16,082
20,599
4,025
16,574
-4,517
2,400
3,337
4,655
-1,318
-937
14,953
15,867
4,744
11,123
-914
26,191
19-551
3,929
15,622
6,640
55,490
37,089
-815
37,904
18,401
21,041
16,122
-7,348
23,470
4,919
34,827
30,281
-4,338
34,619
4,546
10
11
12
13
14
Agency issues
Total private domestic
Treasury issues
Agency issues
15
16
17
18
19
Private domestic nonfinan.
Total Treasury issues
Savings bonds CHH)
Other Treasury issues
Agency issues
20
21
22
23
24
Households
Total Treasury issues
Savings bonds
Other Treas. issues
Agency issues
9,503 9
7,946 10
1,557 11
15
16
17
18
19
20
21
22
23
24
25
Nonfar111 noncorp. bus.
200
200
200
83
55
36
241
897
772
-379
-241
734 25
26
27
28
Nonfin. corp. business
Treasury issues
Agency issues
170
637
-467
2,476
2,774
-298
-2,051
-2,176
125
-3,400
-4,399
999
2,269
1,351
918
8,715
9,512
-797
2,140
2,137
3
-6,'395
-6,022
-373
1,512
771
741
1,567
2,844
-1,277
5,596
5,136
460
1,513 26
1,473 27
40 28
29
30
31
State and local govts.
Treasury issues
Agency issues
-2,917
939
-3,856
-1,037
-1,328
291
5,855
4,112
1,743
6,587
1,419
5,168
2,329
-1,873
4,202
1,680
-652
2,332
7,205
2,176
5,029
14,559
10,566
3,993
10,854
5,546
5,308
10,698
7,485
3,213
1,912
671
1,241
-7,115 29
-1,750 30
-5,365 31
10,759
6,918
3,841
7,124
3. 115
4,009
2,422
-8,872
713
4,059
31,503
30,126
1,377
20,733
19,264
1,469
148
-624
772
-780
-7,812
7,032
9,594
2,013
7,581
25,799
16,110
9,689
11,636 32
1,824 33
9,812 34
10,874
7,197
5,954
-1,381
743
-144
29
-234
161
322
205
160
-73
194
-224
30,096
1,500
-164
71
19,555
555
546
77
-1,267
1,294
-87
208
118
-1,284
459
-73
7,371
1,657
523
43
24,983
182
536
98
11,400 35
-90 36
613 37
-287 38
2,983
-15
2,998
209
-3,962
4,171
7,028
370
6,658
3,278
-1,819
5,097
5,636
1,001
4,635
20,231
10,826
9,405
29,602
21,874
7,728
17,247
1,982
15,265
15-854
1,511
14,343
17,406
574
16,832
49,683
26,191
23,492
72,715 39
38,657 40
34,058 41
576
-1,296
1,872
2,486
-559
3,045
1,580
-843
2,423
318
-1,990
2,308
-435
-l,648
1,213
4,707
627
4,080
5,562
4,896
666
3,875
-1,035
4,910
4,568
-2
4,570
958
-2,914
3,872
13,761
5,666
8,095
2,378 42
-4,187 43
6,565 44
-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
l, 154
-159
1,313
3,320
806
2,514
923 45
-239 46
1,162 47
32
33
34
35
36
37
38
39
40
41
Commercial banking
Treasury issues
Agency issues
U.S. commercial banks
Domestic affiliates
Foreign banking offices
Banks in U.S.possessions
Private nonbank finance
Treasury issues
Agency issues
6,481
-1,294
7,578
-2,921
3,634
42
43
44
Savings and loan assns.
Treasury issues
Agency issues
45
46
47
Mutual savings banks
Treasury issues
Agency issues
367
-71
438
914
1,378
117,
242
797
1,136
48
'49
50
Credit unions
Treasury issues
Agency issues
343
31
312
216
6
210
521
-46
567
477
259
218
388
71
317
l, 115
329
786
638
166
472
458
81
377
-831
-697
-134
-1,070
-102
-968
984
314
670
344 48
75 49
269 50
51
52
53
Life insurance companies
Treasury issues
Agency issues
60
-82
142
-119
-214
95
107
108
-1
-234
-383
149
109
-72
181
l,718
1,364
354
1,531
632
899
1,631
-53
1,684
2,048
-493
2,541
2,904
66
2,838
2,713
950
1,763
5,478 51
2,329 52
3,149 53
54
55
56
Private pension funds
237
-59
296
-297
-298
l
2,728
1,256
1,472
3,111
1,997
l,114
4,293
3,180
1,113
4,999
3,838
1,161
6,288
5,679
609
5,659
3,233
2,4Z6
2,050
1,870
180
6,695
2,817
3,878
12,006
6,220
5,786
16,322 54
4,996 55
11,326 56
57
58
59
St. &local govt. rtr.funds
Treasury issues
Agency issues
-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
5,452
2,703
2,749
7,074
2,694
4,380
6,647
5,252
1,395
9,944
6,221
3,723
11,804 57
6,637 58
5,167 59
60
61
62
Other insurance cos.
Treasury issues
Agencv issues
-37
-50
13
54
-215
269
109
-282
391
-42
-64
393
23
370
2,482
1,860
622
3,137
2,580
557
2,987
2,460
527
l, 191
690
501
1,299
215
1,084
1,790
1,583
207
2,225 60
1,421 61
804 62
63
64
65
Mutual funds
Treasury issues
Agency issues
175
175
-291
-291
130
130
-29
-29
449
449
-43
-43
20
20
177
-179
-48
-48
317
317
922 63
922 64
- 65
66
67
68
Money market funds
Treasury issues
Agency issues
112
112
815
815
222
222
-266
-266
603
600
3
4,155
735
3,420
2,587
1,853
734
23,661 66
18,045 67
5,616 68
69
70
Brokers & dealers
CHO Issuers (agencies)
248
-1,104
5,062
-5,373
-1,430
-5,288
2,261
8,658 69
- 70
Treasury issues
Agency issues
1,670
-1,599
213
22
-4
Cl) For purchases, agency issues include loan participations.
(2 l These issues are included in credit market debt of financial
institutions in the Flow of Funds Accounts.
FRASER
Digitized for
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
177
-179
DECEMBER 1988
U.S. Government Securities
ANNUAL FLOWS,
1982
u.s. Government Securities Market Summary
1982-87
1983
1984
1985
1986
u.s. Govern111ent Securities
46
1982-87
-----------
ANNUAL FLOWS,
1987
Total Net Issues, by Sector and Type
l 225,856 254,433 273,779 324,152 393,530 330,430
2 161,382 186,638 198,902 223•690.215,052 143,857
3 64,474 67,795 74,877 100,462 178,478 186,573
Total U.S. government secur.
u.s. government
Spons. agenci ts & mtg. pools
2
3
4 162,135 186,678 198,969 223,717 214,661 142,321
3,139
156
5
3,030
5,262 13,555
7,771
6 161,979 183,539 195,939 218,455 201,106 134,550
By instrument:
Treasury issues
Household savings bonds
Treas. excl. sa11i ngs bonds
4
5
6
7
8
9
10
11
l
2
3
4
5
63,721
-215
-538
14,942
49,532
67,755
-40
1,407
66,388
Other
Budget agency issues
Loan participations Cl)
Spons. agency issues (2)
Mortgage pool secur. (2)
74,810 100,435 178,869 188,109
-27
-67
391
1,842
-306
30,430 20,585 15,215 30,204
44,447 79,877 163,263 156,369
Total Net Purchases, by Sector and Type
225,856 254,433 273,779 324,152 393,530 330,430
Total purchases, bY sector
U.S. govt. Cagency issues>
Sponsored credit agencies
Treasury issues
Agency issues
l
7
8
9
10
11
l
2
3
4
5
1,447
1,501
-54
-1,268
-836
-432
1,601
1,373
228
-4,740
-4,814
74
4,582
5,181
-599
2,803
2,877
-74
6
7
8
7,681
7,869
-188
14,659
14,951
-292
8,409
8,665
-256
18,413
18,575
-162
19,429
19,827
-398
24,650
24,926
-276
Monetary authority
Treasury issues
Agency issues
6
7
8
9
10
11
12,318
12,806
-488
15,620
15,661
-41
28,856
27,691
1,165
24,230
19,595
4,635
45,405
38,173
7,232
40,730
35. 765
4,965
Foreign
Treasury issues
Agency issuts
9
10
11
Total private domestic
Treasury issuts
Agency issues
12 204,410 225,422 234,913 286,249 324,114 262,247
13 139,959 156,902 161,240 190,361 151,480 78,753
14 64,451 68,520 73,673 95,888 172,634 183,494
91,040 115,382 175,679
91,704 84,789 130,241
5,262
3,139
3,030
88,565 81,759 124,979
-664 30,593 45,438
50,080 103,181
38,625 63,707
13,555
7,771
25,070 55,936
11,455 39,474
79,871
49,638
87,818
57,567
7,771
49,796
30,251
17
18
19
62,801
62,154
156
61,998
647
20
21
22
23
24
46,058 51,347
47,210 62,177
3,139
156
47,054 59,038
-1,152 -10,830
15
16
87,176
68,568
3,030
65,538
18,608
-6,823
-5,641
13,555
44,376 -19,196
30,233 -l,182
5,262
Private domestic nonfinan.
Total Treasury issues
Savings bonds CHH>
Other Treasury issues
Agency issues
Households
Total Treasury issues
Savings bonds
Other Treas. issues
Agency issues
Nonfarm noncorp. bus.
12
13
14
15
16
17
18
19
20
21
22
23
24
2S
25
-54
2,779
-542
273
600
600
26
27
28
10,286
10,210
76
9,998
10,016
-18
12,176
12,260
6,356
6,483
-127
19,464
19,603
-139
3,550
3,669
-119
Nonf1n. corp. business
Treasury issues
Agency issues
26
27
28
29
30
31
6,51l
4,788
1,723
26,916
16,732
10,184
16,572
4,503
12,069
89,179
73,847
15,332
36,839
24,063
12,776
11,213
1,871
9,342
State and local govts.
Treasury issues
Agency issues
29
30
31
32
33
34
26,641
19,375
7,266
48,555
47,830
725
619
1,874
-1,255
9,736
12,119
-2,383
43,309
5,310
37,999
26,854
-2,290
29,144
35
36
37
38
26,716
-1,156
814
267
44,159
1,598
1,692
1,106
1,308
525
-629
-585
4,591
4,672
443
30
42,369
-2,772
3,613
99
24,835
1,341
868
-190
-84
39 114,968
40 58,430
41 56,538
85,827 118,912 100,834 230,725 132,212
17,368 74,577 48,001 107,545 17,336
68,459 44,335 52,833 123,180 114,876
42
43
44
35,267
5,428
29,839
40,118
10,322
29,796
45
46
47
1,877
685
l, 192
9,767
3,817
5,950
48
49
50
l,191
262
929
51
52
53
Mutual savings banks
Treasury issues
Agency issues
45
46
47
3,676
1,885
1,791
3,291
3,271
20
Credit unions
Treasury issues
Agency issues
48
49
50
17,941
7,333
10,608
5,079
-1,955
7,034
255
-227
482
-1,228
-633
-595
6,824
700
6,124
3,145
1,408
1,737
354
757
-403
3,688
2,556
l,132
12,703
8,362
4,341
19,336
12,107
23,575
12,568
11,007
22,994
7,229
10,496
12,498
54
55
56
IO ,273
3,858
6,415
12,019
409
11,610
7,265
11,596
-4,331
8,098
-823
8,921
57
5fJ
59
19,394
9,334
10,060
16,954
12,012
4,942
23,060
19,004
4,056
b')
6l
62
2,158
62S
1,533
S,450
3,265
2,18S
63
t4
2,312
68
69
70
39
40
41
6,789
806
5,983
44,355
9,139
35,216
67
Private nonbank finance
Treasury issues
Agency issues
35
36
37
38
42
43
44
42,047
945
41,102
66
U.S. commercial banks
Domtst1c affiliates
Foreign banking offices
Banks in U.S.possessions
32
33
34
Savings and loan assns.
Treasury issues
Agency issues
20,686 -11,661
3,779 -12,878
1,217
16,907
65
Commercial blinking
Treasury issues
Agency issues
Life insurance companies
Treasury issues
Agency issues
51
52
53
6,822- 10,756
8,8295,557
-2,007
5,199
Private pension funds
Treasury issues
Agency issues
54
55
56
12,285
14,969
-2,684
20,650
12,098
8,552
24,583
17,879
6,704
St.&local govt.rtr.funds
Treasury issues
Agency issues
57
58
59
9,114
5,902
11,772
3,527
8,245
15,876
17,771
-1,895
7,006
3,268
3,738
592
592
6,352
5,825
527
52,867
41,391
11,476
59,287
36,392
9,887
9,911
-24
22,729 -18,404
21,127 -19,807
l. 602
1,403
6,173
2,574
3,599
313
-821
l,134
12,799
9,279
-9,783
11,489
2,312
6,437
627
-6,757
3,607
3,212
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.0,ther insurance cos.
Treasury 1ssues
Ag·ency issues
60
61
62
Mutual funds
Treasury issues
Agency issues
63
64
65
451 -1,851
3,439 -13,730
-2,988 11,879
Honey market funds
Treasury issues
Agency issues
66
67
68
18,153 -16,810
38,998 39,127
Brokers & dealers
CMO Issuers (agencies>
69
70
22,895
(1)
(2)
For purchases, a9fncy issues 1nc.lude loan participations.
These issues are included in credit market debt �f financial
institutions in the Flow of Funds Accounts.
DECEMBER 1988
Private Securities
47
Private Securities
Tax-Exempt Debt and Corporate and Forei9n Securities
ANNUAL FLOWS, 1970-81
ANNUAL FLOWS, 1970-81
1970
1971
--·----------------
l Net chan9e in liabilities
2
State and local 9overnments
Short-term
3
4
Other
5
6
11,231
11,231
2,343
8,888
Households & nonprof. or9.
Nonfin. corporate business
(industrial revenue bonds)
7 Net chan9e in assets
8
Households
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
Tax-Exempt Debt Securities and Loans Cl)
17,422
17,336
2,483
14,853
14,709
14,161
52
14,109
14,708
12,512
315
12,197
16,480
13,932
2,709
11,223
16,148
12,148
-259
12,407
15,664
11,179
-4,067
15,246
20,330
10,260
-2,915
13,175
28,356
18,092
584
17,508
30,326
17,439
977
16,462
30,263
16,299
l, 737
14,562
23,378
5,547
l,138
4,409
1
2
3
4
86
548
400
1,796
900
1,648
1,400
2,600
2,000
2,485
3,400
6,670
2,600
7,664
2,900
9,987
3,100
10,864
4,400
13,431
5
6
10
Nonfin. corporate business
State&local 9ovt. 9en. funds
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
1,238
-1,062
2,372
20,330
-3,277
49
579
28,356
4,116
190
-682
30,326
10,227
29
-450
30,263
6,677
-197
220
23,378 7
10,544 8
-20 9
131 10
11
12
13
Commercial bankin9
Savin9s and loan assns.
Mutual savin9s banks
10,668
23
4
12,607
27
193
7,151
15
483
5,696
20
48
5,392
315
l, 779
1,008
615
3,049
-283
872
9,179
-25
411
9,550
75
507
9,522
-125
-405
13,616
40
-540
4,975 11
115 12
-102 13
14
15
16
17
Insurance
Life insurance companies
State&local 9ovt. rtr. funds
Other insurance companies
l,311
85
-299
1,525
3,637
57
120
3,460
4,220
4
-123
4,339
3,349
45
-338
3,642
l,747
255
-708
2,200
4,409
841
957
2,611
7,912
1,086
1,420
5,406
11,352
457
184
10,711
14,299
351
407
13,541
9,865
26
-41
9,880
8,144
273
149
7,722
4,224
450
-203
3,977
18
19
20
Money market funds
Mutual funds
Brokers and dealers
554
113
-116
218
-425
-74
525
l,041
1,630
432
528
-227
1,356
307
1,597
381
325
2,334 18
682 19
495 20
9
(l)
Includes small amounts of taxable issues since 1986.
9
14
15
16
17
-·------------------
Corporate and Forei9n Bonds
2
4
5
6
7
8
9
Net issues
Nonfin. corporate business
Forei9n Cl)
24,406
19,756
874
24,651
18,807
940
20,264
12,187
1,030
14,557
9,159
958
25,122
19,670
2,372
41,260
27,204
7,168
37,872
22,831
8,530
39,893
22,877
5,051
32,942
21,116
3,977
26,471
17,308
3,701
30,474
27,655
1,202
32,655
22,761
5,487
Total finance
Commercial bankin9
Savin9s and loan assns.
Finance companies
REITs
CMO Issuers
3,776
l,198
4,904
1,993
7,047
3,051
4,440
934
3,080
1,137
2,073
505
2,495
416
3,622
374
2,956
550
l,784
159
6,888
4,129
50
2,709
6,511
3,521
90
3,083
-183
11,965
3,094
1,155
7,803
-87
7,849
l,012
666
6,367
-196
5,462
-230
1,418
4,307
-33
1,617
1,308
355
122
-168
4,407
2,048
-509
3,614
-746
4
5
6
7
8
9
24,406
10,670
671
1,058
24,651
10,365
292
940
20,264
3,533
71
l,313
14,557
1,684
69
340
25,122
7,594
850
l,021
41,260
8,350
593
1,804
37,872
11,124
890
-646
39,893
l,121
3,796
-40
32,942
-3,916
1,938
-297
26,471 30,474
-3,409 -13,006
2,630
8,158
-59
584
10
11
12
13
14
15
16
17
18
19
20
10 Net purchases
11
Households
12
Forei9n (2)
Commercial bankin9
13
Savin9s and loan assns.
14
15
Mutual savin9s banks
16
17
18
19
20
Insurance
Life insurance companies
Private pension funds
St.&loc. 9ovt. rtr. funds
Other insurance companies
21
22
Mutual funds
Brokers and dealers
2
3
4
5
6
7
8
9
Other sectors
Nonfin. corporate business
Forei9n (l)
Commercial bankin9
Other insurance companies
REITs
Brokers and dealers
10 Net purchases
11
12
13
14
15
Mutual fund shares
Households
Nonfin. corp business
Life insurance companies
Private pension funds
16
17
18
19
20
Other corporate equities
Households
Forei9n (2)
Commercial bankin9
Mutual savin9s banks
1,201
3,883
2,136
-1,092
916
3,546
2,799
l,163
68
-1,060
703
32,655
-3,528
8,426
14
700
-959
10,102
1,471
1,830
4,496
2,305
8,863
5,466
-829
3,941
285
12,491
6,992
1,990
4,231
-722
13,053
5,853
2,129
5,210
-139
14,770
3,988
2,276
6,496
2,010
25,024
9,095
6,902
6,847
2,180
24,257
16,884
-1,667
5,126
3,914
32,728
18,758
4,308
5,980
3,682
36,490
17,300
8,435
8,980
1,775
27,437
11,575
10,704
3,162
1,996
32,294
8,738
14,033
9,511
12
25,032
7,340
5,604
9,240
2,848
595
109
183
125
501
219
149
354
570
-599
740
1,203
349
-901
1,066
59
-679
-662
804
128
1,316
425
11,303
2,551
15,685
915
15,015
-61
11,574
61
5,529
722
9,962
-92
11,383
-1,977
6,734
967
1,993
-72
-3,764
382
20,263
2,865
-4,831
3,717
l
2
8,752
5,694
l,076
127
393
1,462
14,770
11,435
l,113
624
599
999
15,076
10,922
619
l,168
456
1,661
250
11,513
7,883
672
1,216
538
954
250
4,807
4,097
-519
1,000
863
-884
250
10,054
9,908
-921
1,000
959
-l,142
250
13,360
10,524
355
1,600
908
-295
268
5,767
2,727
408
572
1,350
576
134
2,065
-101
-351
l,143
845
404
125
-4,146
-7,836
1,025
1,328
908
486
-57
17,398 -8,548
12,875 -11,450
2,366
213
486
367
1,154
1,106
272
300
364
797
3
4
5
6
7
8
9
15,685 '15,015
11,574
5,529
9,962
11,383
6,734
1,993
-3,764
20,263
61
-1,032
235
248
610
722
-730
310
351
791
-92
-405
-74
-141
528
-1,977
-2,359
-32
-94
508
967
721
-129
53
322
-72
565
-176
32
-493
382
-1,008
350
146
894
2,865
1,083
273
107
1,402
---------------------------------------------Mutual Funds and Other Corporate Equities
-----------------------
Net issues
Mutual funds
11,303
-----·----
-4,831 10
915
1,128
-so
-359
196
-61
-12
-1
-308
260
8,752
-2,765
697
17
333
14,770
-5,446
836
-4
475
15,076
-8,792
2,434
23
603
11,513
-3,227
2,763
49
375
4,807
-1,374
539
12
196
10,054
-5,785
4,667
10
161
13,360
1,867
2,753
35
63
5,767
2,065 -4,146 17,398 -8,548 16
-8,066 -13,089 -24,465 -10,953 -42,361 17
2,675
2,�22
1,659
5,357
5,761 18
31
40
11
-12
-51 19
68
370
-59
-536
-594 20
Insurance
Life 1 nsurance cos.
Private pension funds
St.&loc. 9ovt. rtr. fnds
Other insurance cos.
9,310
1,623
4,566
2,137
984
18,570
3,999
8,915
3,185
2,471
22,517
3,808
12,075
3,677
2,957
13,161
3,309
4,069
3,411
2,372
5,802
1,947
l,780
2,569
-494
11,238
2,051
7,548
2,388
-749
13,403
3,074
6,285
3,116
928
14,049
1,137
8,061
3,678
l,173
14,226
-144
9,757
2,629
1,984
21,115
432
13,345
4,148
3,190
25,234
388
16,420
5,332
3,094
26
27
Mutual funds
Brokers and dealers
1,177
-17
421
-82
-1,834
125
-2 ,244
-440
72
-923
686
-2,380
-2,381
-3,735
443
-1,641
39
-2,795
388
-1,817
125
(1) Net purchases of forei9n issues bY U.S. residents.
(2) Net purchases of u.s. issues by forei9n residents.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1,596 21
1,374 22
2,551
2,036
-22
361
176
21
22
23
24
25
MILLIONS OF DOLLARS
2
636
3,717
5,760
256
531
-2,830
28,785
2,368
17,343
7,070
2,004
11
12
13
14
15
21
22
23
24
25
-606 26
518 27
DECEMBER l 988
Private Securities
Private Securities
48
ANNUAL FLOWS, 1982-87
---------------------------------------- -----------------------------l984
1987
1986
1985
1983
1982
--------- ------------------------------------------------------------Tax-Exempt Debt and Corporate and Foreign Securities
ANNUAL FLOWS, 1982-87
-------------------------------
Tax-Exempt Debt Securities and Loans Cl l
l
2
44,224
20,581
6,731
13,850
53,744
32,913
-1,481
34,394
50,399 136,370
19,686 83,607
-3,656
1,302
23,342 82,305
30,792
42,885
4,150
38,735
34,498
36,376
6,243
30,133
5
8,500
15,143
11,400
9,431
10,171
20,542
-2,192
-9,901
-964
-914
7
9
10
44,224
22,937
66
244
53,744
37,564
665
572
50,399 136,370 30,792
25,549 40,004 -16,429
836
3,066
-135
1,061 -1,194
-265
34,498
43,017
2,564
473
11
12
13
4,536
-467
188
4,750
69
-293
10,761
-231
-100
14
17
4,216
1,896
-725
3,045
-493
939
-1,131
-301
-3,664
-1,273
-466
-1,925
3,095
995
-406
2,506
17,321
1,951
-319
15,689
22,870
-978
20
23,828
Insurance
14
Life insurance companies
15
State&local govt. rtr. funds 16
Other insurance companies 17
18
19
20
8,010
2,870
1,624
3,614
5,452
1,844
6,978
5,644
4,536
12,445
14,455
8,914
27,496
31,765
-3,327
-2,343
5,408
-8,358
Honey market funds
Mutual funds
Brokers and dealers
l
2
3
4
6
8
15
16
30,163
22,600
Net change in liabilities
State and local governments
Short-term
Other
Households & nonprof. org.
Nonfin. corporate business
(industrial revenue bonds)
3
4
5
6
Net change in assets
7
Households
8
9
Nonfin. corporate business
State&local govt. gen. funds 10
57,172 -28,523 -29,101
137
-163
397
246
-149
-169
Commercial banking
Savings and loan assns.
Mutual savings banks
11
12
13
18
19
20
---------------------------- -----------------------Corporate and Foreign Bonds
-----------------------------------------------
Cl) Includes small amounts of taxable issues since 1986.
1
2
3
38,424
18,666
6,614
36,397
16,026
3,080
82,969 125,447 195,241 173,815
46,129 73,753 121,276 99,940
3,812
3,793
3,017
6,814
4
5
6
7
8
9
13,144
5,962
200
6,375
-20
627
17,291
8,413
-16
5,275
12
3,607
33,028
12,875
1,221
9,565
88
9,279
10
11
12
13
14
15
38,424
-3,004
10,568
1,473
2,100
-1,144
36,397
-8,302
4,564
4,724
5,390
2,952
82,969 125,447 195,241 173,815
5,114
-845
2,387 32,574
14,814 36,711 40,242 20,292
4,246
5,831 23,624 23,983
1,965 17,289
2,765
7,372
-1,470 -2,482 -1,822 -1,654
16
17
18
19
20
25,780
16,210
6,558
3,479
-467
22,315
16,748
10,419
-655
-4,197
49,569
23,713
10,218
11,490
4,148
67,412
37,803
10,498
10,926
8,185
21
22
153
2,498
2,725
2,029
3,552
5,731
3,641
9,182
47,901
16,907
3,595
15,841
69
11,489
70,948
5,575
3,563
22,522
290
38,998
Net issues
Nonfin. corporate business
Foreign Cll
67,061
2,076
4,035
21,510
313
39,127
Total finance
Commercial banking
Savings and loan assns.
Finance companies
REITs
CMO Issuers
Net purchases
Households
Foreign (2)
Commercial banking
Savings and loan assns.
Mutual savings banks
2
4
5
6
7
8
9
10
11
12
13
14
15
71,532 105,879
40,824 66,871
7,267 29,094
10,736
1,940
12,705
7,974
Insurance
Life insurance companies
Private pension funds
St.Sloe. govt. rtr. funds
Other insurance companies
16
17
18
19
20
26,801
325
M.utual funds
Brokers and dealers
21
22
7,288
-4,376
--------------------------------------------------------------------------------------------------------Mutual Funds and Other Corporate Equities
1
2
21,213
8,769
58,056 -35,995
27,224 29,340
3
9
12,444
6,400
1,370
598
2,818
559
699
30,832 -65,335 -64,292 -67,963 -59,000
23,500 -74,475 -81,500 -80,750 -76,500
1,280 -2,358
3,689
944
3,683
1,350
1,569
1,385
781
1,100
3,944
6,329 11,255
7,717
1,511
1,648
2,038
1,964
2,637
403
2,180
2,453
954
l,114
4,397
10
21,213
JI
12
IS
14
15
8,769
6,975
l,113
1,015
-334
4
5
6
7
8
58,056 -35,995
27,224
24,007
1,196
-384
2,405
29,340
n,968
2,847
450
2,075
20,087 93,871
84,379 161,834
20,087
13,303
72,303
93,871
13,303
84,379 161,834
68,465 147,776
1,481
4,521
7,976
2,260
4,601
9,133
72,303
79,759
-5,015
-1,436
-1,005
16 12,444 30,832 -65,335 -64,292 -67,963 -59,000
17 -18,887 -22,914 -75,624-103,436-121,647 -99,578
18
3,904
5,410 -2,981
4,969 17,757 15,515
19
10
l
-73
86
7
-90
-475
317
-156
-68
937
207
20
21
23
24
25
26
27
Net issues
Mutual funds
Other sectors
Nonfin. corporate business
Foreign Cl)
Commercial banking
Other insurance companies
REITs
Brokers and dealers
Net purchases
l
2
3
4
5
6
7
8
9
10
Mutual fund shares
Households
Nonfin. corp business
Life insurance companies
Private pension funds
12
13
14
15
Other corporate equities
Households
Foreign (2)
Commercial banking
Mutual savings banks
16
17
18
19
20
11
23,453
2,398
12,343
6,026
2,686
30,060
3,434
4,538
19,988
2,100
8,643
260
5,445
7,273
-4,335
21,249
3,663
-9,029
28,570
-1,955
5,108
13,442
197
4,967
-8,549 -27,806
23,088 26,438
-1,294
1,509
Insurance
Life insurance cos.
Private pension funds
St.Sloe. govt. rtr. fnds
Other insurance cos.
21
22
23
24
25
3,507
932
13,662
4,296
5,855
-999
10,316
2,592
20,190
1,351
Mutual funds
Brokers and dealers
26
27
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
26,939
-7,101
lll Net purchases of foreign issues by U.S. residents.
C2l Net purchases of U.S. issues bY foreign residents.
DECEMBER 1988
Mortgages - l
Mortgages - l
49
Mortgage Markets by Type of Mortgage
ANNUAL FLOWS, 1970-81
ANNUAL FLOWS, 1970-81
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
Total Mortgages
l Net change in mortg41ges
Ho11e 111ortgages
Multi-family residential
4
Comraercial
Farra
5
30,860
13,645
8,036
8,040
l,139
49,329
27,132
9,707
9,873
2,617
71,973
39,418
12,778
16,797
2,980
77,771
43,786
10,392
19,148
4,445
61,598
34,355
6,861
15,252
5,130
55,668
39,474
l
11,273
4,920
84,329 128,333 151,889 164,765 132,742 109,103
62,186 93,267 110,173 116,554 95,334 72,369
4,742
7,482
9,883
S,022
8,328 10,881
11,599 18,201 22,027 24,351 19,194 22,248
9,744
8,808 13,977 10,732
8,537
5,522
Borrowings by:
7
U.S. government
8
REITs
30,860
-75
116
49,329
-72
77,771
-71
320
61,598
-106
55,668
134
71,973
�86
480
84,329 128,333 151,889 164,765 132,742 109,103
-97
-109
-104
-118
-113
-91
-40
20
-10
150
388
12
30,819
13,355
1,158
16,306
l,139
14,288
879
49,267
25,338
1,209
22,720
2,617
17,600
2,503
71,579
38,266
1,296
32,017
2,980
26,276
2,761
77,522
44,586
1,093
31,843
4,445
1,851
25,547
61,535
34,791
1,096
25,648
5,130
24,485
-3,967
55,379
38,220
1,039
16,120
4,920
11,514
-314
84,032 128,434 151,836 164,893 132,886 109,192 9
59,420 89,747 108,583 117,630 95,496 73,189 10
1,927
2,295 11
1,503
1,326
848
l,107
23,764 37,580 41,927 45,760 35,463 33,708 12
9,744 13
8,808 13,977 10,732
5,522
8,537
11,685 16,725 24,172 42,208 41,655 19,286 14
4,678 15
8,947 -10,425 -16,924
6,557 12,318
30,860
1,984
400
917
49,329
-2,564
1,175
1,079
71,973
1,021
1.1�5
1,387
77,771
3
285
l,700
61,598
3,300
108
2,470
55,668
3,430
-141
1,607
84,329 128,333 151,889 164,765 132,742 109,103 16
9,993 13,644 17,942 10,910 17
6,794
3,713
2,887
1,216
8,122 18
2,605
899
1,358
9,782
6,459
7,682 19
2,499
1,250
555
302
5,382
1,551
-380
3,626
4,771
-683
4,015
4,878
-599
3,636
3,763
10,244
3,418
6,510
5,366
7,053
419
2,963
12,182
4,182
3,521
16,110
4,221
12,248
13,604
6,601
14,438
23,051
7,506
14,152
19,181
4,939 20
12,629 21
15,028 22
20,324
2,758
11,330
9,343
1,918
41,622
9,968
25,953
21,968
3,938
47
60,230
16,799
36,414
30,752
5,509
153
65,583
19,754
33,208
27,093
5,674
441
38,295
12,825
21,265
18,991
72
31,843
3,831
30,214
27,405
2,329
480
62,903
15,140
47,565
42,703
4,355
507
95,813 106,719
27,353 35,066
61,942 57,778
55,087 50,835
6,393
6,555
550
300
97,685
30,642
48,218
44,019
3,576
623
62,963
17,474
29,575
28,319
570
686
49,793
21,555
17,106
17,737
-418
-213
23
24
25
26
27
28
2,693
2,348
-45
345
954
1,121
-513
368
5,413
4,865
-4
561
-9
-1,397
189
2,832
2,934
-6
-160
64
-229
-4,805
190
52
1,328
-3,807
5,841
5,294
127
309
111
3,064
-2,387
10,094
9,318
224
545
7
4,918
-l,137
13,950
12,255
418
l,018
259
5,849
-974
14,714
12,659
425
1,286
344
1,919
-719
8,996
2,448
2,299
4,725
4,421
-352
671
-15
2,336
5,560
2,677
2,387
1,646
1,897
662
1,452
-930
182
-42
2,162
4,193
6,666
349
1,629
352
3,236
-1,100
29
30
31
32
33
34
35
Ill Memo: FHLB loans to saving
1,326 -2,679
7,168
43
associations (included in "other loans" category l.
6,657
-3,959
-l ,983
4,311
12,497
9,168
7,125
i
3
6
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
Nonfarm noncorp. business
19
St.&loc. govt. gen. funds
20
21
22
U.S. government
Sponsored credit agencies CI>
Mortgage pools
23
Private finan. institutions
Commercial banking
Savings institutions
S&L associations Cl l
Mutual savings banks
Credit unions
24
25
26
27
28
29
30
31
32
33
34
35
36
Insurance
Life insurance companies
Private pension funds
St.Sloe. govt. rtr.funds
Other insurance cos.
Finance companies
REITs
69
45
-22
7,163
169
2,202
- 90
379
48
Home Mortgages
1 Net borrowing
2
Households
3
Nonfarm noncorp. business
4
Nonfin. corporate business
Net change in assets
Households
Nonfarm noncorp. business
State and local governments
27,132
25,338
897
39,418
38,266
576
43,786
44,586
-400
-400
34,355
34,791
-218
-218
39,474
38,220
627
627
62,186
59,420
1,383
1,383
93,267 110,173 116,554
89,747 108,583 117,630
795
-538
1,760
-538
795
1,760
13,645
-1,108
27,132
445
475
43,786
75
550
34,355
2,968
-33
743
39,474
2,274
3
769
62,186
1,086
365
816
576
5
6
7
8
16,231 36
---------
Cl l
13,645
13,355
145
145
897
2
3
4
95,334
95,496
-1, 081
72,369
73,189
590
-1,410
2
3
4
93,267 110,173 116,554
7,966
5,800
2,334
715
859
406
4,676
1,986
203
95,334
15,047
376
7,909
72,369
13,525
2,817
5,822
5
,;
7
8
919
94
39,418
-807
425
114
10
11
12
U.S. government
$pons. credit agencies
Mortgage pools
Commercial banking
-127
4,619
1,215
973
-619
2,077
4,278
-624
1,8<19
4,262
-780
3,<175
3,192
10,994
1,406
5,502
3,278
6,623
4,051
2,493
7,301
2,117
-741
496
11,918
9,216
2,459
488
15,731
18,881
1,887
9,024
12,366
24,052
2,319
9,186
21,766
19,997
2,709
7,630
18,697
10,973
2,389 9
5,051 10
14,282 11
9,898 12
13
14
15
16
Savings institutions
Savings and loan assns.
Mutual savings banks
Credit unions
7,509
6,285
1,155
15,998
14,744
1,207
47
26,459
23,565
2,741
153
25,233
22,210
22,324
21,032
441
16,112
15,332
708
72
812
480
38,750
35,179
3,064
507
52,099
46,821
4,978
300
49,987
44,618
4,819
550
42,758
39,370
2,765
623
28,010
26,233
1,091
686
15,896
15,761
348
-213
13
14
15
16
17
18
19
-2,693
-2,330
-412
-1,952
-1,889
-230
167
-1,356
-l,<100
-27
71
-1,967
-1,436
-161
-370
-1,602
-1,502
-1 7
-23
5
69
-173
-304
2,323
-48
-2,299
-2,094
-293
-1,274
-1,348
20
l nc;uranct
Life insuranct companies
Pr1vate pension funds
St.&loc. 9ovt. rtr. funds
242
-111
1,708
326
289
2,471
1,799
234
438
-352
-742
82
308
17
18
19
20
21
22
Finance companies
REITs
943
392
812
180
1,024
425
1,663
-716
-172
571
2,127
2,171
-231
4,544
-159
5,061
-213
1,585
-73
5
6
7
8
9
Cl l 1-4 fa1111lv
MlLLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
75
69
-846
-910
112
5,691
88
8,984
49
666
2,582
670
-462
-245
3,157 21
-116 22
DECEMBER 1988
Mortsases - I
Mort9a9es
-----------
1983
1984
I
ANNUAL FLOWS, 1982-87
ANNUAL FLOWS, 1982-87
1982
-
50
Mort9a9e Markets by Type of Mort9a9e
1985
1986
1987
Total Mortsases
l
2
3
4
5
6
7
8
88,156 187,794 223,102 242,176 308,633 311,892
53,422 120,364 136,690 156,758 210,940 221,665
5,330 14,042 25,218 29,740 33,507 24,407
25,321 50,978 62,431 62,250 73,685 72,218
4,083
2,410 -1,237 -6,572 -9,499 -6,398
Net chanse in mort9a9es
Home mort9a9es
Multi-family residential
Commercial
Farm
88,156 187,794 223,102 242,176 308,633 311,892
-81
-119
-100
-69
-15
-36
113
25
411
55
282
79
Borrowinss bv:
U.S. 9overnment
REITs
Private nonfinancial sectors
Households
Nonprofit institutions
Nonfinancial business
Farms
Nonfarm noncorporate
Corporate
9 88,162 187,850 222,791 242,190 308,590 311,625
10 46,398 116,362 134,692 153,258 210,914 220,823
2,647
2,489
11
2,451
2,402
2,306
2,354
12 39,117 68,999 85,648 86,530 95,322 88,496
4,083
2,410 -1,237 -6,572 -9,499 -6,398
13
14 64,987 62,975 84,202 103,003 100,000 88,000
3,614
2,683 -9,901
15 -29,953
4,821
6,894
16
17
18
19
20
21
22
Funds advanced by1
Households
Nonfarm noncorp. bus1 ness
St.&loc. 9ovt. sen. funds
187,794 223,102 242,176 308,633 311,892
718
1,518
3,094
5,140 -10,387
4,344 10,006
4,672
3,228
3,328
5,239
7,886 10,235
9,808 11,798
8,692
88,156
9,702
4,622
2,364
14,089
49,532
2,608
23
24 15,956
25 -24,474
26 -21,763
27 -2,512
-199
28
29
30
31
32
33
34
7,040
35
1,285
1,254
259
4,126
-40
36
807
4,242
1,220
10,398
66,388
469
12,335
44,447
Private finan. institutions
Commercial banking
Savings institutions
S&L associations (1)
Mutual savinss banks
Credit unions
96,840 144,092 133,682 134,357 164,192
29,249 44,617 49,698 70,054 85,969
53,548 86,567 58,503 25,465 61,614
47,139 77,450 47,777 10,073 32,383
3,627
6,911
7,576
8,452 19,700
2,782
2,206
3,150
6,940
9,531
16,273
15,098
445
80
6,725
5,700
68
604
353
5,355
828
-7,048
15,668
675
6,789
2,419
23,072
22,045
-197
276
948
15,764
2
17,769
18,553
-1,176
-219
631
-2,122
14,214
19,810
24,413
55
Insurance
Life insurance companies
Private pension funds
St.&loc. sovt. rtr.funds
Other insurance cos.
Finance companies
REITs
962
Home Mortsases
Net borrowin9
Households
Nonfarm noncorp. business
Nonfin. corporate business
5
6
53,422 120,364 136,690 156,758 210,940 221,665
10,978
-145
4,934
3,768
4,602 -15,306
1,997
1,552
3,262
581
400
500
2,991
5,155
5,445
5,885
3,921
l,164
Net chanse in assets
Households
Nonfarm noncorp. business
State and local governments
8
9
10
11
12
7
8
9
10
11
12
13
14
15
16
17
18
19
23
24
25
26
27
28
29
30
31
32
33
34
35
(1)
53,422 120,364 136,690 156,758 210,940 221,665
46,398 116,362 134,692 153,258 210,914 220,823
6,512
4,001
1,999
3,750
13
421
512
1
-1
-250
13
421
7
5
6
Cl) Memo: FHLB loans to savins 36
associations (included in "other loans" catesory l.
l
2
3
4
3
4
20
U.S. 9overnment
Sponsored credit agenciesll> 21
22
Mort9a9e pools
1,841
517 -5,288
9,202 -9,670 -5,014
79,877 163,263 156,369
11,275
9,010
676
878
711
2,688
1
2
l
2
3
4
5
6
7
8
1,453
10,326
49,338
2,663
748
9,369
65,190
8,710
622
11,218
43,414
12,879
890
-663
-3,307
11,742 -3,439
69
78,555 158,334 151,869
17,271 19,954 36,904
U.S. 9overnment
Spons. credit asencies
Mort9age pools
Commercial bankin9
10
11
12
13 -30,923
14 -28,936
15 -1, 788
16
-199
29,966
22,083
5,101
2,782
50,906
45,387
3,313
2,206
33,679
26,083
4,446
3,150
12,857
-209
6,126
6,940
Savings institutions
Savinas and loan assns.
Mutual savin9s banks
Credit unions
13
14
15
16
17
18
19
20
486
-450
867
-656
-1,199
600
-57
-2, 1�2
-1,739
-292
-111
46
446
158
-558
-1,397
283
Insurance
Life insurance companies
Private pension funds
St.&loc. sovt. rtr. funds
17
69
-2,831
-1,432
-1,392
-7
21
22
4,146
-33
2,682
-32
4,648
18
6,453
14,932
-1,208
Finance companies
REITs
21
22
76
-4
51,656
30,085
12,040
9,531
-715
399
39
Cl) 1-4 family
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
9
18
19
20
DECEMBER 1988
Mort9a9es - II
Hort9a9es - II
51
Mort9a9e Markets (Continued>
ANNUAL FLOWS, 1970-81
ANNUAL FLOWS, 1970-81
1970
1971
1972
1973
1974
1975
1978
1979
1980
1981
10,881
8,239
2,690
49
9,883
7,576
2,429
-97
-4
-118
7,482
6,584
1,016
-14
-104
4,742
6,084
-1,240
7
-109
2
3
4
5
8,328
1,417
299
288
10,881
1,551
567
388
9,883
1,627
513
1,376
7,482
881
239
1,456
4,742
-1,535
1,625
1,249
7
942
-8
2,167
297
53
925
l,133
1,513
l,051
l,117
188
1,210
888
1,858
161
658
1,690
-81 11
855 12
2,080 13
1976
1977
Multi-Family Residential Hort9a9es
l Net borrowin9
Nonfarm noncorp. business
2
3
Non fin. corporate business
4
REITs
8,036
6,874
l,198
39
-75
9,707
7,813
1,921
45
-72
12,778
9,920
2,786
158
10,392
7,901
2,457
105
-71
6,861
5,499
1,412
6 Net chan9e in assets
Households
7
8
Nonfarm noncorp. business
State and local 9overnments
9
8,036
1,141
9,707
-1,629
300
716
12,778
279
300
978
10,392
-947
9
917
6,861
-33
-57
1,352
-242
-80
748
1,069
243
310
39_1
819
282
715
2,206
159
586
1,212
241
400
-1,717
221
-60
5
U.S. 9overnment
10
11
12
13
U.S. 9overnment
Spons. credit a9encies
Mort9a9e pools
Commercial bankin9
14
15
16
Savin9s inst1tut1ons
Savin9s and loan assns.
Mutual savin9s banks
17
18
19
Life insurance companies
Private pension funds
St.&local 9ovt. rtr. funds
20
21
Finance companies
REITs
572
-86
56
-106
l
-342
308
125
-90
5,022
3,833
1,152
128
-91
5,022
8,328
6,413
2,023
5
-113
6
8
9
673
54
278
l,794
298
1,834
224
l,154
2,292
2,084
208
5,556
3,769
1,787
4,766
3,452
1,314
3,161
l,728
1,433
l,727
1,029
698
2,608
1,739
3,263
2,878
385
4,948
4,088
860
4,333
3,540
793
2,124
1,526
598
6
563
-557
-651 14
869
1,734
-1
778
-313
600
-345
-51
l,104
-97
-72
1,174
30
87
4
44
152
-451
20
-31
-355
25
-150
177
-63
560
215
34
567
299
-208
512
-231 17
-12 18
922 19
525
776
1,159
867
2,041
426
2,381
-1,250
-777
-2,592
-493
-1,720
272
-824
323
-453
264
-240
189
-259
-94 20
-343 21
506
290
25
94
82
286
909
989
165
484
958 10
-443 15
-208 16
Commercial Mort9a9es
l Net borrowin9
2
Households
Nonfarm noncorp. business
3
8,040
l,158
7,269
-464
77
9,873
1,209
8,890
-315
16,797
1,296
15,780
-601
15,252
1,096
19,204
-5,161
113
11,273
1,039
11,229
-1,249
254
11,599
848
6,469
4,022
260
18,201
l,107
8,552
8,535
7
22,027
322
19,148
1,093
-5,650
23,490
215
6 Net chan9e in assets
7
Households
8
Nonfarm noncorp. business
State and local 9overnments
9
10
U.S. 9overnment
Commercial bankin9
11
8,040
1,864
400
187
74
l,171
9,873
-2,598
400
226
100
3,022
16,797
709
400
251
-219
5,445
19,148
-966
188
193
-102
6,945
15,252
-1,101
200
341
1,411
4,995
11,273
-247
-77
44
509
3,118
11,599
56
285
3
374
3,407
18,201
302
626
37
582
6,309
12
13
14
Savin9s institutions
Savin9s and loan assns.
Mutual savin9s banks
1,525
974
551
4,467
3,455
l,012
5,177
3,735
1,442
4,812
3,155
1,657
3,428
2,630
798
5,285
4,634
651
5,551
4,646
905
15
16
17
18
Life insurance companies
Private pension funds
St.&local 9ovt. rtr. funds
Other insurance companies
1,648
4
215
45
2,485
93
13
-22
3,105
-173
146
·-42
4,888
-25
474
-15
4,760
-7
3,940
111
300
64
19
Finance companies
REITs
178
729
477
1,210
271
l,727
247
2,509
569
-23
-1,751
4
5
20
Nonfin. corporate business
REITs
89
469
-9
196
24,351 19,194
1,326
1,503
1,927
15,138 35,170 34,152
5,462 -12,316 -16,859
-6
101
-26
22,248
2,295
12,612
7,328
13
5
22,027
121
1,153
41
567
9,217
24,351
-515
l, 641
198
841
9,685
19,194
291
563
160
l,180
4,838
22,248
6
4,911
4,178
733
3,454
2,677
777
3,335
3,123
212
1,568
1,523
45
1,861 12
2,419 13
-558 14
3,668
105
246
52
5,571
97
366
111
7,797
45
7
8,688
58
158
259
9,746
399
347
344
7,497
279
399
352
-306
-1,842
621
-1,332
51
-525
524
-521
145
-387
-----------
2 Net chan9e in assets
Households
3
2,980
4,445
5,130
4,920
5,522
8,537
8,808
13,977
10,732
9,744
l,139
87
2,617
1,218
2,�80
840
4,445
1,250
13
40
5,130
1,466
-2
34
4,920
1,645
13
46
5,522
1,502
8,537
2,741
27
27
8,808
13,977
4,566
18
209
10,732
1,723
38
257
9,744
l, 355
140
129
2
3
4
5
-15
1,854
231
2,536
-19
738
2,632
565
2,527
6
661
2
621
-2
331
-66
313
-3
426
83
43
44
6
U.S. 9overnment
Sponsored credit 19encies
Mort9a9e pools
-151
473
311
-260
730
439
-122
l,177
338
Commercial banks
Mutual savin9s banks
Life insurance companies
St.&local 9ovt. rtr. funds
520
4
-124
-64
582
-68
-48
-19
576
12
77
38
9
10
11
12
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
173 19
-641 20
2,617
Nonfarm noncorp. business
State and local 9overnments
8
15
16
17
18
l,139
4
5
7
-2,435 7
3,540 8
482 9
985 10
9,756 11
--------------
Farm Mort9a9es
Net borrowin9
99
2
3
4
220
318
102
-648
-242
6
121
2,521
26
84
-220
2,980
-546
3,232
-275
2,324
5,064
75
l,759
6,361
-174
607
7,659
-109
350
l
672
-2
1,030
-16
1,426
24
746
4
1,648
-3
72
l
1,644
4
-27
-179
815
-11
142
844
825
-9
-
7
8
9
10
11
12
DECEMBER 1988
Mortgages - II
Mortgages - I I
52
Mortgage Markets (Continued)
ANNUAL FLOWS, 1982..>.fl�
ANNUAL FLOWS, 1982-87
1986
1985
1984
1987
1983
1982
------------------------------------------------------Multi-Family Residential Mortgages
Net borrowing
Nonfarm noncorp. business
Nonfin. corporate business.
REITs
U.S. government
1
2
3
4
5
Net change in assets
Households
Nonfarm noncorp. business
State and local governments
6
7
8
9
1
2
3
4
5
5,330
12,054
-6,642
37
-119
14,042
17,284
-3,169
8
-81
25,218
26,957
-1,774
135
-100
29,740
33,924
-4,133
18
-69
33,507
33,014
503
26
-36
24,407
23,598
731
6
7
8
9
5,330
-404
1,046
1,352
14,042
282
1,057
2,396
25,218
428
2,047
4,501
29,740
2,582
691
3,180
33,507
2,698
800
7,027
24,407
3,184
800
10
11
12
13
-308
-121
361
1,444
-347
-77
1,231
1,930
-727
859
1,065
2,101
23
1,947
1,480
3,109
679
274
5,139
7,429
-306
4,513
4,100
U.S. government
Spons. credit egencies
Mortgage pools
Commercial banking
10
11
12
13
14
15
16
1,596
2,281
-685
6,996
8,937
-1,941
14,395
13,716
679
14,467
13,132
1,335
7,250
5,792
1,458
4,824
2.652
2.112
Savings institutions
Savings end loan essns.
Mutual sevings banks
14
15
16
17
18
19
-427
22
639
251
23
588
-169
206
69
956
693
1,058
432
44
1,572
-sos
-356
Life insurance companies
Private pension funds
St.8local govt. rtr. funds
17
18
19
20
21
82
48
-392
104
48
205
415
675
2
-1,044
261
Finance companies
REITs
20
21
-8
93
-15
6,995
369
-----------------------------395
Commercial Mortgages
1 25,321
2
2,647
3 46,421
4 -23,823
76
5
50,978
2,489
41,690
6,782
17
62,431
2,451
55,246
4,458
276
62,250
2,402
65,329
-5,518
37
73,685
2,354
66,973
4,305
72,218
2,306
63,981
5,742
189
Net borrowing
Households
Nonfarm noncorp. business
Nonfin. corporate business
REITs
1
2
3
4
5
53
6
7
8
9
10
11
25,321
-862
1,472
899
72)
11,802
50,978
423
1,814
368
372
17,657
62,431
-929
4,392
264
31
28,785
62,250
-58
3,395
729
293
28,138
73,685
1,613
2,000
678
225
41,280
72,218
3,479
2,000
553
-1,843
43,284
Net change in assets
Households
Nonfarm noncorp. business
State end local governments
U.S. government
Commercial banking
6
7
8
9
10
11
12
13
14
4,861
4,892
-31
16,586
16,119
467
21,263
18,347
2,916
10,306
8,562
1,744
5,336
4,490
846
5,131
-354
5,485
Savings institutions
Savings and loan essns.
Mutual savings banks
12
13
14
15
16
17
18
5,384
396
546
259
10,284
2,045
312
711
7,344
-738
592
353
16,495
44
174
675
21,441
-787
790
948
17,611
726
-146
631
Life insurance companies
Private pension funds
St.8local govt. rtr. funds
Other insurance companies
15
16
17
18
19
20
-102
-55
398
8
659
415
131
1,928
157
4
130
662
Finance companies
REITs
19
20
4,083
2,410
-1,237
-6,572
-9,499
-6,398
Net borrowing
2
3
4
5
4,083
-10
107
-3
2,410
158
-79
-33
-1,237
-2,915
305
25
-6,572
-3,198
5
14
-9,499
-3,773
28
172
-6,398
-1,744
28
-20
Net change in assets
Households
Nonfarm noncorp. business
State and local governments
2
3
4
5
6
7
8
498
3,884
-167
447
l,106
-33
543
258
-32
635
-4,487
-158
276
-6,505
-210
-507
-4,777
-13
U.S. government
Sponsored credit agencies
Mortgage pools
6
7
8
9
10
11
12
47
-8
-265
952
852
3
-276
l,180
51
-614
1,391
22
-900
1,681
3
-1,049
Commercial banks
Mutual savings banks
Life insurance companies
St.8local govt. rtr. funds
10
11
12
-----------------------------Ferm Mortgages
----------------------------------------------
-93
-15
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
9
DECEMBER 1988
Consumer Credit and Bank Loans N.E.C.
53
Consumer Credit and Bank Loans N.E.C.
Consumer Credit and Bank Loans Not Elsewhere Classified
ANNUAL FLOWS, 1970-81
ANNUAL FLOWS, 1970-81
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
16,905
13,485
3,420
Consumer Credit
l Net chan9e in liabilities .lHHl
Install111ent credit
2
4,576
4,367
209
14,066
11,077
2,989
19,036
14,918
4,118
22,953
20,171
2,782
8,993
"9,486
-493
7,969
6,809
l,160
22,887
19,995
2,892
36,719
34,971
1,748
45,130
41,043
4,087
40,479
35,601
4,878
2,630
1,749
881
4 Net chan9e in assets
4,576
4,367
64
321
2,425
378
88
958
133
14,066
11,077
-175
667
6,306
79
19,036
14,918
-230
95
9,534
-382
135
2,194
3,572
22,953
20,171
131
453
11,370
718
234
2,669
4,596
8,993
9,486
12
287
4,130
7,969
6,809
-74
2,698
2,882
472
180
3,771
-3,120
22,887
19,995
-12
687
10,792
847
281
5,503
1,897
36,719
34,971
-68
45,130
41,043
-22
602
23,643
393
132
6,729
40,479
35,601
-5
479
18,161
l,031
343
2,183
13,409
2,630
1,749
-134
-18
-7,164
3,545
886
-2,476
7,110
209
2,989
75
303
2,394
182
35
4,118
148
593
3,142
226
2,782
194
774
1,249
527
38
-493
16
l,160
116
459
184
355
46
2,892
284
l,142
1,196
218
52
1,748
-437
-1,747
3,614
250
4,087
203
815
2,559
-107
617
4,878
150
601
1,716
2,687
-276
881
72
286
998
-954
479
3,420
-146
-582
3,369
136
643
s
Noninstallment credit
10
11
12
Installment credit
Nonfarm noncorp. business
Nonfin. corporate business
Commercial bankin9
Savin9s and loan assns.
Mutual savin9s banks
Credit unions
Finance companies
13
14
15
16
17
18
Noninstallment credit
Nonfarm noncorp. business
Nonfin. corporate business
Commercial bankin9
Savin9s and loan assns.
Mutual savin9s banks
5
6
7
8
9
58
230
-195
94
22
86
1,784
2,330
9
697
160
2,262
1,938
69
-761
157
26
2,629
18,645
1,234
411
6,436
5,684
68
9,566
2
3
16,905 4
13,485 5
164 6
866 7
609 8
445 9
110 10
l,913 11
9,378 12
13
14
15
16
17
18
Bank Loans Not Elsewhere Classified
2
3
4
5
6
7
8
9
Total loans by commercial
bankin9, Flow of Funds basis
14,290
30,383
59,982
76,477
57,415
-3,134
45,967
81,236 117,437 103,948
61,081
83,911
- Loans elsewhere classified:
Mort9a9es
Consumer credit
Security credit
Open-market paper
z Bankin9 sector total bank
loans n.e.c.
u.s. chartered banks
Domestic affiliates
Forei 9n bankin9 off. in us
2,758
1,441
1,482
6,379
9,968
8,700
775
286
10,654
16,799
12,676
4,757
-204
25,954
19,754
12,619
-3,420
-1,268
48,792
12,825
3,831
3,369
3,066
-2,188
2,066
2,220
1,098
41,189 -13,195
15,140
11,988
6,627
3,691
8,521
22,259
2,236
263
29,125
-2,867
-1,287
60,323
30,642
19,877
-871
2,187
52,113
17,474
-6,166
770
1,767
47,236
21,555
3,978
5,285
809
52,284
2
3
4
4,908
-992
2,463
10,259
-114
25,349
-242
43,079
1,702
4,011
34,021 -12,923
916 -1,501
6,252
1,229
2,226
24,352
29
4,744
41,376
818
18,129
38,637
302
13,174
32,246
-527
15,517
46,149
321
5,814
7
3,451
6,379
10,654
25,954
48,792
41,189 -13,195
8,521
29,125
60,323
52,113
47,236
10
52,284 11
6,379
5,965
953
827
-358
4,748
10,654
9,129
885
1,345
908
3,991
25,954
19,700
975
1,814
1,052
12,866
48,792
40,555
3,402
2,859
4,980
26,599
41,189 -13,195
37,305 -9,630
1,566 -1,251
1,963
1,071
1,692
7,341
22,671 -15,893
8,521
11,812
-271
3,031
2,674
-398
29,125
29,364
2,499
6,039
15,049
60,323
58,539
4,103
52,113
51,570
2,607
13,256
20,431
13,166
29,921
47,236
48,253
5,296
533
6,452
24,192
52,284
51,092
6,038
1,354
14,200
26,473
12
13
14
15
16
17
10 + Loans by F.R. banks
11 c Total bank loans n.e.c.
12 Net chan9e in liabilities
Nonfinancial sectors
13
Households
14
Farm business
15
2,230
509
847
2,844
27,353
2,723
35,066
26,202
2,t.82
2,822
-
5
6
8
9
16
Nonfarm noncorp. business
Corporate business
18
Fore19n
Official inst1tut1 ons
Banks
Other
-205
-142
-64
l
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
3,054
2,133
-4,086
5,007
11,780
4,544
4,678
2,558
3,027
770
-4,463
6,720
18
19
20
21
Financial sectors
Savin9s and loan assns.
Finance companies
REITs
414
-104
440
78
1,525
662
261
602
6,254
437
4,482
1,335
8,237
399
3,853
3,985
3,884
-449
-74
4,407
-3,565
-287
-2,669
-609
-3,291
231
-1,656
-1,866
-239
1,386
758
-2,383
1,784
323
1,943
-482
543
2,007
-1,245
-219
-1,017
-53
-879
-85
l,192
-241
970
463
22
23
24
25
17
19
20
21
22
23
24
25
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
DECEMBER 1988
Consumer Credit and Bank Loans N.E.C.
Consumer Credit and Bank Loans Not Elsewhere Classified
ANNUAL FLOWS, 1982-87
1982
54
ANNUAL FLOWS , 1982-87
1984
1983
Consumer Credit and Bank Loans N.E.C.
1985
1986
1987
Consumer Credit
54,414
40,718
1
2
3
16,392
14,826
1,566
48,964
44,105
4,859
81,648
75,011
6,637
82,502
76,981
5,521
54,866
-452
-1,574
4
5
6
16,392
14,826
81,648
75,011
209
1,297
39,628
10,056
2,515
12,694
8,612
82,502
76,981
113
849
33,449
11,009
1,943
6,550
23,068
54,414
54,866
118
-1,072
20,871
6,277
l, 108
4,360
23,204
40,718
42,292
138
1,606
19,930
6,107
1,078
12
27
4,868
2,200
551
1,299
5,816
48,964
44,105
321
1,954
19,488
4,085
1,020
6,218
11,019
13
14
15
16
17
18
1,566
-13
�53
1,871
-279
40
4,859
346
1,381
3,243
1,740
-1,851
6,637
187
745
5,553
-1,541
1,693
5,521
205
821
4,039
-201
657
-452
292
l,167
-458
-648
-805
-1,574
247
987
-1,590
-459
-759
7
8
9
10
11
65
42.292
4,969
8,464
Bank Loans Not Elsewhere Classified
69,785
81,860 155,272 134,035 156,103 102,866
2
3
15,956
6,739
29,249
5
6
347
46,737
2,446
775
26,659
44,617
45,181
5,794
-1,447
61,127
7
47,574
-1,027
190
27,480
-437
-384
55,388
62
5,677
4
6
8
9
10
22,731
85,969
18,340
-5,253
1,958
1,852
49,698
37,488
10,983
-2,479
38,345
70,054
20,413
-5,807
-866
72,309
28,492
-625
10,478
50,721 -16,463
-303
560
21,891 17,755
Net change in 11ab111t1es
Installment credit
Noninstallment credit
CHH)
Net change in assets
4
Installment credit
5
Nonfarm noncorp. business
6
Nonfin. corporate business 7
Commercial banking
8
Savings and loan assns.
9
Mutual savings banks
10
Credit unions
11
Finance companies
12
Noninstallment credit
Nonfarm noncorp. business
Nonfin. corporate business
Commercial banking
Savings and loan assns.
Mutual savings banks
- Loans elsewhere classified:
Mortgages
Consumer credit
Security credit
Open-market paper
Bankins sector total bank
loans n.e.c.
U.S. chartered banks
Domestic affiliates
Foreign banking off. in us
+ Loans by F.R. banks
Total bank loans n.e.c.
46,737
26,659
61,127
38,345
72,309
1,852
12
13
14
15
16
17
46,737
44,869
2,601
3,215
2,491
42,070
26,659
26,775
3,621
7,546
9,193
61,127
60,463
-401
980
20,848
45,653
38,345
35,786
6,944
-4,400
14,158
21,930
72,309
68,297
13,972
-4,267
16,333
43. 289
1,852
5,163
-4,318
-2,187
10,662
4,626
18
19
20
21
-5,508
-48
725
-6, 185
3,623
3,040
-904
1,487
-6,617
-873
-3, 147
-2,597
-2,846
-1,409
-1, 341
-96
-1,030
-15
1,036
-2,051
-3,620
-918
-2,849
147
Foreign
Official institutions
Banks
Other
22
23
24
25
1,868
1,483
311
74
-116
5,002
-4,930
-188
664
5,766
-5,218
116
2,559
4,528
-2,211
4,012 -3,311
7,551
6,385
-2,633 -11,454
592
260
Financial sectors
Savings and loan assns.
Finance companies
REITs
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
242
13
14
15
16
17
18
Total loans by commercial
banking, Flow of, Funds basis
11
2,79;'.!
1
2
3
2
3
4
5
6
7
'
8
10
11
12
Net change in liabilities
Nonfinancial sectors
13
Households
14
Farm business
15
Nonfarm noncorp. bus1ness 16
17
Corporate business
18
19
20
21
22
23
24
25
DECEMBER 1988
Other Loans
Other Loans
55
Open-Market Paper and Other Loans
ANNUAL FLOWS, 1970-81
----------------
ANNUAL FLOWS, 1970-81
1970
1971
1972
1973
1974
1975
------------------
1976
1977
1978
1979
1980
1981
Open-Market Paper
l Total net issues, all types
Commercial paper
2
3
Nonfinancial corporations
4
Forei9n issues in U.S.
5
6
7
8
9
Financial business
Commercial bankin9
Finance companies
REITs
Bankers acceptances Cl)
10 Net purchases, bY sector
11
Households
12
Nonfin. corporate business
13
Forei9n
18
Sponsored credit a9encies
Monetary authority
Commercial bankin9 Cl)
Savin9s & loan associations
Mutual savi n9s banks
19
20
21
22
23
Life insurance companies
Private pension funds
Mutual funds
Money market funds
Brokers and dealers
14
15
16
17
-106
-945
1,594
2,595
721
8,366
6,352
1,414
17,759
8,071
4,131
181
-l,209
-l,454
-2,897
378
8,185
4,351
1,433
723
14,999
11,8,37
1,639
565
17,667
18,358
2,691
1,033
37,531
28,656
9,019
1,673
19,295
ll,165
3,968
2,402
51,250
39,517
14,696
3,874
l
2
3
-59
-376
-463
780
1,874
664
-1,250
2,460
4,938
2,244
1,959
735
3,759
3,451
3,573
-3,265
1,065
322
624
119
2,195
-795
3,260
-270
9,633
1,276
8,398
-41
14,634
6,700
7,826
108
17,964
4,547
13,282
135
4,795
5,561
-538
-228
20,947
7,016
13,911
20
5
6
8
1,623
839
-1,001
2,014
9,688
245
3,834
3,162
-691
8,875
8,130
11,733
9
2,094
-3,749
l,761
487
-106
-3,633
1,886
-159
1,594
-4,569
2,960
-62
8,366
6,787
641
301
17,759 -1,209
5,110 -12,210
4,126
3,107
413
500
8,185
-5,400
5,044
300
14,999
14,236
-144
400
17,667
14,979
226
37,531
7,482
1,942
1,947
-7
1,482
1,505
200
23
286
981
216
414
-10
-204
511
-107
-193
-2
-1,268
-1,329
-117
-33
-545
3,691
-77
-1,198
148
38
393
233
-196
263
-274
-28
-1,287
381
197
2,187
700
1,074
1,767
1,500
481
777
628
-362
-334
211
1,755
-305
23
1,324
l, l99
1,000
1,000
411
1,886
-1,118
416
3,217
-478
362
1,052
120
-547
1,200
-152
l,134
2,588
-866
1,011
4,234
-205
15,646
1,365
1,327
4,135
l,171
12,263
-419
2,094
471
l, 777
-1,306
-1,945
639
-886
876
511
2,220
-242
75
1,066
2,324
-365
645
1,000
89
162
1,098
901
84
743
3,663
-229
-117
1,000
465
4
7
19,295 51,250 10
3,449 -10,237 11
-7,339
7,469 12
922 -1,293 13
-
312 14
15
809 16
1,234 17
742 18
3. 722 19
4,974 20
-142 21
38,838 22·
4,822 23
Cl> Excludes banks• holdin9s of own acceptances.
----------
Other Loans
-----------------------------------l S&L assn. loans to business
2 Liab.: Noncorporate business
3
Nonfin. corp. business
2,102
4,962
2,480
2,482
4,839
2,419
3,717
1,857
1,860
8,580
4,289
4,291
13,497
6,748
6,749
11,454
5,727
5,727
10,118
5,058
5,060
4,137
2,068
2,069
10,777
5,388
5,389
5
2,531
385
36
61
241
345
1,463
4,447
210
406
1,504
348
286
1,693
3,508
511
7,531
474
137
1,829
183
2,036
3,259
-387
5,800
499
1,276
1,939
-30
205
2,978
-1,067
12,828
812
3,507
4,073
1,688
-1,556
3,904
400
12,365
1,072
3,382
2,989
1,194
196
695
6,880
542
776
1,512
206
189
2,791
864
16,098
1,014
2,635
4,159
1,468
924
4,683
1,215
19,048
1,515
3,394
5,613
l,195
1,238
4,213
1,880
7
8
9
10
11
12
13
14
-2,001
755
8,549
9,305
-2,408
286
695
427
285
l,102
279
1,650
l,11;7
401;
1,317
6,492
105
1,447
15,045
400
1,458
15,214
590
3,327
2,129
9,168
11,564
l,134
1,854
l,t;51
7,125
19,894
2,187
1,824
-348
16,231
15
16
17
6,668
354
177
177
1,344
673
671
7 U.S. government loans
8 Liab.: Households
9
Farm business
10
Nonfarm noricorp. bus.
11
Nonfin. corp. business
12
St.&local 9overnments
13
Forei9n
14
Spons. credit a9encies
2,519
293
-52
570
293
77
1,338
3,169
360
47
358
365
1,813
15 Sponsored credit a9ency loans
16 Liab.: Households CSLMA)
17
Farm business CFICB>
18
Noncorp, business CBC)
19
S&L assns. CFHLB)
2,323
699
20 Policy loans CHH liability)
21 Asset: U.S. government
22
Life insurance cos.
2,308
Cust. 11ab. on acceptances
23
outstanding (bank asset>
24 Liab: Nonfin. corp. business
25
Forei9n
Foreign loans to US nonbanks
Nonfin. corp. business
26 Liab.:
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
l
2
3
2,103
4 Finance co. loans to business
5 Liab.: Noncorporate business
Nonfin. corp. business
6
439
219
220
298
1,326
69
2,239
1,607
808
799
226
-17
-2,679
1,013
12
1,001
831
529
302
4,205
2,420
72
497
1,529
676
-472
998
6,657
43
7,168
950
2,221
25
2,699
2,196
36
2,663
1,994
9,592
12
938
-991
53
-1,01;4
590
6
-3,959
-1,983
952
629
4,311
l,618
13
1,605
1,368
l
1,367
1,726
2,596
6
2,590
4,718
1,722
-716
7,527
3,934
7,325
3,234
4,091
11,294 23
3,593
l,987
l,311
8,896 26
4
690
12,497
930
2,511
7,081
243
333
-90
3,796
2,585
1,211
3,131
1,277
1,851;
2,454
-3,170
32
221
72
170
150
256
1,064
2,942
4
39
t;,679
82
6,586
18
19
7,354 20
59 21
7,295 22
t; ,372 24
6,922 25
DECEMBER 1988
Other Loans
Other Loans
56
Open-Market Paper and Other Loans
ANNUAL FLOWS, 1982-87
ANNUAL FLOWS , 1982-87
1982
1984
1983
1985
1986
1987
Open-Market Paper
1
2
3
4
5,667
-5,392
-6,125
1,864
26,935
21,670
-839
6,486
51,959
48,262
21,715
6,181
52,789
62,149
14,598
6,202
26,378
32,235
-9,342
11,484
33,195
26,771
2,274
2,135
Total net issues, all types
Commercial paper
Nonfinancial corporations
Foreign issues in U.S.
2
3
4
5
8
-1,131
1,426
-2,433
-124
16,023
3,457
12,634
-68
20,366
6,274
13,865
227
41,349
2,099
39,115
135
30,093
1,245
28,520
328
22,362
1,476
20,548
338
Financial business
Commercial ban�ing
Finance companies
REITs
5
6
7
8
9
11,059
5,265
3,697
-9,360
5,667
10
11 -20,068
9,912
12
13 -1,712
26,935
5,741
6,670
792
51,959
-5,377
9,409
1,150
6
7
-5,857
6,424
52,789 26,378
39,077 -11,571
8,579
6,506
1,061
-152
33,195
6,111
1,745
267
Bankers acceptances ( 1)
Net purchases, bY sector
Households
Nonf1n. corporate busi nes3
Foreign
9
10
11
12
13
14
15
16
17
18
-282
379
-100
-585
-11
-47
347
2,705
1,669
775
3,708
3,568
-1,447
2,389
315
-2,479
4,124
3,031
-866
6,940
3,806
1,958
-2,619
634
Sponsored credit a9enci es
Monetary author1 ty
Commercial bankin9 ClJ
Savinss & loan associations
Mutual savinss banks
14
15
19
20
21
22
23
3,079
7,075
-646
-1,287
4,875
5,315
6,785
1,002
-2,951
-4,849
1,912
3,794
2,400
31,811
5,703
-646
7,778
-2,274
l,161
-2.752
2,804
6,167
5,264
6,155
-1,950
2,389
14,919
3,186
6,018
-1,366
Life insurance companies
Private pension funds
Mutual funds
Money market funds
Brokers and dealers
19
20
21
22
23
---------
Other Loans
l
2
3
213
105
108
2,417
1,207
1,210
8,685
4,341
4,344
5,631
2,815
2,816
6,662
3,330
3,332
-222
-111
-111
4
5
6
929
465
464
13,050
6,524
6,526
24,366
12,182
12,184
19,672
9,836
9,836
15,913
7,956
7,957
17,109
17,111
7
13,606
1,640
237
4,585
1,280
967
4,497
400
8,481
762
43
2,749
-451
1,109
4,269
16,657
600
1,100
2,000
1,200
7,741
4,016
14,937
6,000
389
500
-2,620
8,179
1,404
1,085
8,967
4,367
-166
674
1,520
1,437
1,500
-365
-6,558
-709
-373
-554
126
-1,934
-2,364
-750
-6,092
1,453
-1, 349
852
-7,048
15,970
1,937
-1,223
-412
15,668
11,784
2,476
-3,926
-980
14,214
19,173
2,423
-2, 329
-731
19,810
26,534
3,698
-2,260
683
24,413
8
9
10
11
12
13
14
34,220
19
751
1,587
-832
-811
807
20
21
22
-34
4,255
�.221
1,056
-46
l,102
397
-45
442
-141
-5
-136
-142
172
-314
-49
380
-429
23
24
25
7,735
-782
8,517
6,853
6,975
-122
3,760
2,791
969
-9,460
-2, 109
-7,351
-5,570
-194
-5,376
6,475
5,100
1,375
26
2,517
2,678
13,049
1,542
11,067
1,223
15
16
17
18
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
16
17
18
Cl> Excludes banks' holdings of own acceptances.
--------SSL assn. loans to business
Noncorporate business
Nonf1n. corp. business
Uab.:
2
3
Finance co. loans to business
Uab.: Noncorporate business
Nonfin. corp. business
4
5
6
U.S. government loans
Households
Farm business
Nonfarm noncorp. bus.
Nonfin. corp. business
St.&local governments
Foreign
Spons. credit agencies
7
8
9
10
11
12
13
14
Sponsored credit agency loans
Liab.: Households (SLMA)
Farm business CFICB)
Noncorp. business CBC>
S&l assns. CFHLB>
15
16
17
18
19
Policy loans CHH liability)
Asset: U.S. government
life insurance cos.
20
21
22
Cust. 11ab. on acceptances
outstanding (bank asset>
Nonfin. corp. business
Foreign
23
24
25
Uab.:
Uab:
Foreign loans to US nonbanks
Li Pb.: Nonfin. corp. business 26
DECEMBER l988
Security Credit, Trade Credit, and Taxes
57
Security Credit, Trade Credit, and Taxes
Security Credit, Trade Credit, and Taxes Payable
ANNUAL FLOWS, 1970-81
ANNUAL FLOWS, 1970-81
1970
1971
1972
1973
1974
1976
1975
1977
1978
1979
1980
1981
Security Credit
1 Net change in liabilities
Households
2
Foreign
3
4
5
6
7
Brokers and dealers
· From domestic banks
From fgn bk off in US
Customer credit balances
8 Net change in assets
9
Households
10
co-ercial banking
11
12
Brokers and dealers
Foreign
l Net change in liab111t1es
2
Households
Farm business
3
4
Nonfarm noncorp. business
5
6
7
8
9
-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
11,430
4,079
4,262
2,350
2,533
2,186
1,275
207
13,931
7,238
2,064
-1,027
l
2
3
980
1,932
l,146
652
-3,427
-2,668
-570
-189
-2,925
-1,836
-74
-1,015
2,884
2,324
-88
648
7,351
6,014
439
898
1,912
1,444
459
9
347
-2,549
114
2,782
1,068
-723
-42
1,833
6,693
1,195
-384
5,882
3,091
3,992
606
-1,507
4
5
6
7
-952
494
4,116
3,838
87
191
-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
11,430
898
6,627
4,262
9
2,236
2,533
2,782
-2,867
1,275
1,833
-871
13,931
5,882
770
2,064 8
-1,507 9
5,285 10
-1,288
-85
2,576
-38
3,721
55
-4,336
-33
-1,566
-40
1,022
71
3,905
2,017
2,618
313
7,279
-1,714 11
- 12
Trade Credit
--------------------------------------------
Nonfin. corporate business
State and local govern■ents
Foreign
U.S. government
Brokers and dealers
10 Net change in assets
11
Nonfarm noncorp. business
12
Nonfin. corporate business
13
Foreign
14
U.S. government
15
Other insurance companies
16 Discrepancy
7,460
614
-368
-417
12,610
654
149
-425
25,466
658
543
703
45,432
617
123
2,573
35,489
1,005
223
2,492
11,774
1,098
459
414
18,176
1,170
802
l,708
28,067
1,158
882
1,556
57,559
1,517
1,616
1,732
64,105
1,675
1,162
6,182
51,006
2,282
1,027
4,709
39,072
2,665
865
5,114
1
2
3
4
7,136
570
963
-1,038
11,974
719
526
-987
22,310
523
467
262
38,327
849
1,877
1,066
27,395
1,802
3,086
-514
6,163
1,293
665
1,682
8,956
494
317
4,729
21,480
684
499
1,808
47,840
1,728
-274
3,400
50,952
1,615
1,512
1,007
37,966
1,981
1,745
1,296
28,627
l,107
203
491
5
6
7
8
9
8,293
-1,487
8,527
1,558
-777
472
14,038
1,500
14,094
-143
-1,704
291
28,408
647
26,402
997
-819
1,181
43,786
1,856
39,041
1,972
274
643
37,941
1,742
32,520
2,146
998
535
7,845
803
3,367
1,837
l,190
648
25,332
838
18,781
4,049
454
1,210
42,996
4,147
36,440
1,873
-762
1,298
69,998
5,322
56,355
4,116
2,725
1,480
77,900
3,416
69,934
214
2,401
1,935
59,061
1,618
48,187
3,494
3,778
1,984
34,123
4,376
24,763
-207
2,542
2,649
10
11
12
13
14
15
-833
-1,428
-2,942
1,646
-2,452
3,929
-7,156 -14,929 -12,439 -13,795
-8,055
4,949 16
Taxes Payable
1 Net change in profit taxes pay
2
Nonfin. corporate business
Commercial banks
3
4
Savings a loan associations
5
Life insurance co■panies
Other insurance co■panies
6
Finance co■panies
7
8
Brokers and dealers
-3,145
-3,709
340
16
112
65
28
3
9 Net change in other taxes pay.
CNonfar■ noncorp. business>
l0 Net change in profit taxes rec
11
State and local govern■ents
12
U.S. govern■ent
-2,648
140
-2,788
13 Net change in other taxes rec.
(State and local govern■ents>
14 01 screpancy
-497
2,874
3,028
-27
59
-70
-115
9
-10
1,367
1,360
-200
26
15
120
21
25
4,032
3,874
85
36
36
13
-12
-108
35
1,037
1,452
1,496
1,560
1,057
2,019
531
1,488
235
937
-702
2,356
772
1,584
436
670
-234
l,037
1,452
1,496
855
l,132
1,676
2,731
2,646
125
60
-12
20
-1,604
-1,348
-325
119
-90
5
9,159
8,636
128
458
-466
185
214
390
118
106
-89
6,274
5,319
115
213
329
124
106
68
5,625
5,478
479
-235
3
-4
-117
21
-591
733
-546
-327
-409
-154
-163
275
-9,943
-8,232
-364
-325
-511
-191
-161
-159
l
2
3
4
5
6
7
8
1,183
1,086
1,080
2,844
2,533
-1,584
9
-1,681
611
-2,292
7,756
2,201
5,555
384
1,817
-1,433
3,718
816
2,902
1,260
1,512
-252
1,560
1,057
l,183
1,086
1,080
2,844
2,533
-1,584 13
2,295
77
1,403
74
2,556
4,365
3,174
-904 14
208
133
54
-3,765 -9,039 10
1,054
976 11
-4,819 -10,015 12
Proprietors• Equity in Moncorporate Business
1 Total household invest■ent
2
Far■ business
3
Nonfarm noncorp. business
Brokers and dealers
4
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
-4,408
107
-4,515
-2,200
-978
-1,222
-8,662
-2,365
-6,297
11,225 -30,260 -19,307 -25,766 -20,226 -31,927 -65,221 -76,856 -48,360
-1,837 -4,871 -1,700 -7,028 -6,129 -9,393 -12,621 -18,728 -10,797
12,112 -26,145 -18,036 -18,546 -13,865 -22,796 -53,321 -58,844 -38,064
950
756
429
-192
-232
262
721
716
501
1
2
3
4
DECEMBER l 988
Security Credit, Trade Credit, and Taxes
Security Credit, Trade Credit, and Taxes
58
Security Credit, Trade Credit; and Taxes Payable
ANNUAL FLOWS, 1982-87
ANNUAL FLOWS, 1982-8 7
1982
1983
1984
1985
1986
1987
Security Credit
l
2
3
5,883
2,845
13,551
9,431
4,467
-2,405
43,326
19,443
9,887 -28,375
8,200 -15,302
4
5
6
7
3,038
386
-457
3,109
4,120
922
479
2,719
6,872
4,740
l,116
1,016
23,883
6,212
4,193
13,478
1,687 -13,073
-7,407 -4,178
130 -2,079
8,964 -6,816
8
9
10
5,883
3,109
6
13,551
2,719
2,446
4,467
1,016
5,794
43,326
13,478
10,983
9,887 -28,375
8,964 -6,816
-5,807 -5,253
11
12
2,768
8,386
-2,343
18,865
6,730 -16,306
l
11,996
2,397
356
3,762
43,775
1,764
-727
464
43,647
1,781
-1,139
5,697
47,180
2,209
-256
5,375
13,595
2,549
186
4,462
32,872
2,911
574
3,566
5,357
938
-2,726
1,912
37,265
792
242
2,952
1,023
33,027
982
-494
3,271
522
34,039
1,083
-615
4,554
791
3,089
l,626
-423
1,046
1,060
18,021
1,915
962
5,098
-175
-557
7,581
11
12 -15,082
27
13
4,792
14
2,125
15
48,450
6,795
37,232
-1,340
3,766
1,997
63,907
6,489
48,069
1,506
5,082
2,761
37,101
4,105
26,726
401
3,679
2,190
12,118
3,200
3.232
693
121
4,872
55,067
3,200
49,242
-4,675 -20,260
10,079
Net chan9e in liabilities
Households
Forei9n
Brokers and dealers
From domestic banks
From f9n bk off in US
Customer credit balances
Net chan9e in assets
Households
Commercial bankin9
Brokers and dealers
Forei9n
l
2
3
4
5
6
7
8
9
10
11
12
Trade Credit
2
3
4
5
6
7
8
9
10
16
12,553
85
-1,049
3,589
1,477 -22,195
Net chan9e in liabilities
Households
Farm business
Nonfarm noncorp, business
Nonf1n. corporate business
State and local 9overnments
Forei9n
U.S. 9overnment
Brokers and dealers
l
2
3
4
5
6
7
8
9
10
Net chan9e in assets
Nonfarm noncorp. business
Nonfin. corporate business
Fore19n
U.S. 9ove'rnment
Other insurance companies
12
13
14
15
Discrepancy
16
11
Taxes Payable
l -12,620
2 -12,740
3
-121
4
-42
-10
5
Net chan9e in profit taxes pay
Nonfin. corporate business
Commercial banks
Savin9s & loan associations
Life insurance companies
Other insurance companies
Finance compan1 es
Brokers ·and dealers
1
2
3
4
5
6
7
8
1,600
Net chan9e in other taxes pay.
CNonfarm noncorp. business>
9
1,505
1,820
-315
1,022
Net chan9e in profit taxes rec 10
State and local 9overnments 11
U.S. 9overn111ent
12
3,445
2,400
1,600
Net chan9e in other taxes rec. 13
estate and local governments)
4,650
1,740
1,595
1,903
5
-47
-172
-44
8
-58
1,865
1,394
75
79
5
-55
22
345
3,245
3,195
-21
-47
-45
-39
43
159
1,053
1,352
53
-12
170
-21
319
7,613
7,970
-69
-47
-58
-18
-8
-157
1,491
1,846
1,070
3,445
2,400
10 -11,599
11 -1,408
12 -10,191
7,192
l, 926
5,266
4,424
3,853
571
-2,785
1,255
-4,040
13
1,491
1,846
1,070
14
-1,021
421
-2,829
6
7
8
-5
2
68
-580
-142
l,164
Di screpancv
14
Proprietors• Equity in Noncorporate Business
1 -91,382 -79,634 -86,518 -89,161 -76,177 -97,772
2 -12,400 -20,734 -1,308
1,937
5,021
1,382
3 -80,310 -59,774 -86,850 -93,118 -84,828 -97,700
4
1,328
874
1,640
2,020
3,630 -1,454
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total household investment
Farm business
Nonfarm noncorp. business
Brokers and dealers
l
2
3
4
DECEMBER 1988
Miscellaneous
Miscellaneous I
59
Miscellaneous Financial Claims
ANNUAL FLOWS, 1970-81
ANNUAL FLOWS, 1970-81
9
10
11
12
13
14
15
16
17
18
93,643
l,343
l,781
11,813
81,797
1,247
1,450
15,315
76,638
l,783
8,733
25,296
8,215
-925
31,710
-276
29,221
-1,310
14,433 -10,357
-1,888
1,049
39,602
2,007
76
12,559
45,783
1,411
26
17,998
59,599
50,795
5,737
887
14,776
51,240
3,565
-1,086
20,400
50,134 7
4,671 8
292 9
24,842 10
1,084
414
3,886
10,290
6,008
180
2,816
1,191
180
481
4,591
12,593
8,700
-502
-886
-335
367
1,070
-828
345
5,316
14,735
8,004
-203
956
942
20
1,634
3,830
12,378
6,312
111
3,134
2,576
-461
400
8,179
10,849
-2,567
133
1,220
50,457
5,452
1,489
3,197
18,276
53,285 104,344 106,912
7,189
6,601
6,939
1,965
1,925
l,726
7,081
5,203
5,213
49,895
21,509 31,391
1975
1976
28,807
430
1,464
27,230
318
2,000
368
46,820
540
2,000
45,917
400
1,539
2,800
22,202
710
1,406
4,761
52,930
658
971
2,603
62,268
631
1,874
4,346
5,904
539
6,108
828
4,942
30
7,280
-363
711
-7
13,236
-709
14,876
939
Total finance
Sponsored credit agencies
Monetary authorities
Commercial banking
20,470
2,116
505
10,765
17,608
-526
38,360
422
8,870
23,650
34,261
2,173
l,194
18,971
14,621
396
-268
5,617
36,171
l,724
-441
17,663
Savings & loan assns.
Mutual savings banks
Credit unions
Life insurance companies
Other insurance companies
Finance companies
REITs
Brokers and dealers
617
91
204
1,474
3,418
1,280
l,173
903
92
253
2,646
4,819
4,777
645
204
1,954
3,570
2,550
238
293
2,496
4,775
3,678
-97
-149
331
2,578
4,894
551
780
-12
700
175
256
3,293
6,209
6,974
1,300
-1,682
20,870
2,584
23,836
2,304
Foreign
government
8
60,553 103,487
1,065
909
3,537
2,843
7,852
3,728
1974
5
7
1981
1973
3
6
1980
1972
Households
Nonfarm noncorp. business
Nonfin. corporate business
4
1979
1971
l Net change in liabilities
2
1978
1970
u.s.
19 Net change in assets
Households
20
21
Farm business
Nonfarm noncorp. business
22
Nonfin. corporate business
23
489
684
9,186
-95
-92
568
2,794
12,338
948
-39
837
-202
45,388
2,668
674
2,994
13,804
47,317
2,805
643
l,726
17,261
34,322
2,678
754
13,267
47,951
3,750
927
302
14,932
946
282
1977
4,585
448
24,808
553
4,810
14,062
7,068
-140
3,373
2
3
4
5
6
11
12
13
14
15
16
17
18
78,704 51,738 19
5,641
6,132 20
1,867
l,740 21
622 -21,459 22
24,002 47,778 23
-697
251
-1,487
70
2,868
104
6,442
951
8,847
105
-1,236
683
9,410
-2,525
716
13,646
756
12,031
804
15,038
479
-6,859 24
885 25
8,373
826
-544
5,557
7,249
192
136
4,943
22,276
-232
191
11,816
17,489
850
197
10,817
7,725
-1,705
1,815
601
28,593
975
-58
10,663
11,678
-532
-250
3,649
19,707
986
-658
9,669
44,782
436
-223
20,910
27,987
397
l,183
6,300
31,055
1,271
-110
13,447
23,521
697
61
9,177
26
27
28
29
1,012
126
204
821
242
-114
297
204
918
299
167
851
479
253
1,007
1,804
235
293
917
30
1,538
565
256
1,663
11,217
129
207
179
14
518
2,377
439
414
1,450
1,728
-326
20
2,709
1,335
256
481
2,478
7,261
-788
-107
-1,206
4,604
807
2,349
2,389
9,271
817
489
2,933
5,634
511
827
1,662
510
331
1,393
3,521
360
-90
-673
3,527
4,937
944
374
2,038
3,125
984
3,618
3,599
2,171
549
360
2,041
7,420
l,186
-297
7,323
-5,780
1,040
1,871
823
30
31
32
33
34
35
36
37
7,937
3,394
1,432
-1,400 -12,120
4,979
11,811
7,268
-857 -13,269
3,093
24,900 38
Foreign direct investment by U.S. corps.
6,768
39 Liab.: Foreign (1)
6,457
3,591
Equity & intercompany accts.
3,280
3,177
3,177
Retained earnings
5,744
1,214
4,530
10,130
1,974
8,156
8,936
l,160
7,776
14,048
6,001
8,047
11,633
3,938
7,695
11,508
5,114
6,394
16,093
4,359
11,734
26,825
23,556
4,917
18,639
12,585 39
-526 40
13,111 41
948
24
25
Foreign
U.S. government
26
27
Total finance
Sponsored credit agencies
Monetary authority
Commercial banking
28
29
30
31
32
33
34
35
36
37
Savings and loan assns.
Mutual savings banks
Credit unions
Life insurance companies
Private pension funds
REITs
Money market funds
Brokers and dealers
38 Unallocated, net
6,905
2,628
-282
1,242
955
2,142
CA) Foreign claims
40
41
Direct investment in U.S. by fgn. corps.
1,464
Nonfin. corp. bus.Cl l
Equity & intercompany accts.
1,030
•i34
Retained earnings
-173
541
382
2,800
1,891
909
4,761
3,698
1,063
2,603
1,416
1,187
4,346
2,688
1,658
3,728
2,143
1,585
7,852
5,314
2,538
11,813
7,922
15,315
11,740
3,575
25,296 42
22,2s: 43
3,045 44
235
252
270
348
646
674
1,088
749
625
829
721
1,050 45
16
-182
-166
603
-541
9
-133
-33
131
-25
-242
-165 46
42 Liab.:
43
44
U.S. govt. equity in IBRD, etc.
45 Liab.: Fortign
Nonofficial foreign currency
46 Asset: U.S. government
Liab.: Foreign
7,609
19,216
368
566
3,891
CBl Claims on federally related agencies
-
Postal Savings deposits
47 Asset: Households
Lieb.: U.S. government
Deposits at Federal Home Loan Banks
Sponsored credit ags.
1,289
Asset: S&L associations
48 Liab.:
49 Federal Reserve Bank stock
Asset: Commercial banks
50 Equity in sponsored credit a9.
U.S. governinent
Private:
52
Farm business CFICB & FLBl
53
Nonfarm noncorporate CBC)
Nonfin. corp. bus. CFNMA)
54
S&L associations CFHLBl
55
51
Cll Excludes capital 9a1 ns/losses.
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
47
-541
-241
197
648
269
1,204
280
2,060
3,048
814
1,846 48
33
40
51
51
53
32
54
46
49
67
58
75 49
306
117
258
565
759
368
518
776
1,265
1,603
691
1,381 50
51
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
271
127
42
825
410
112
52
1,029
559
112
633 52
81 53
54
667 55
79
406
9
11
-
DECEMBER 1988
Miscellaneous
Miscellaneous I
60
Miscellaneous Financial Claims
ANNUAL FLOWS, 1982-87
ANNUAL FLOWS, 1982-87
1982
l
2
3
4
1983
1985
1986
1987
88,310 123,620 154,866 146,090 205,799 185,731
584
-991
101 -1,324
1,208
793
8,000
8,000
7,465
10,270 12,670 19,190
13,810 11,519 25,568 20,491 35,395 42,158
5
6
1,462
150
6,202
2,013
7
8
9
10
61,825
5,929
-80
23,198
90,632
-235
-478
30,953
11
13,139
10,353
4,238
700
9,248
12,031
9,279
-68
14,611
12
13
14
15
16
17
18
1984
586
200
7,042
10,563
7,649
38
-6,439
6,884
4,876
5,234
-417
Net change in 11abil1t1es
Households
Honfarm noncorp. business
Honfin. corporate business
24,406
5,165
45,437
-9,371
Foreign
U.S. government
99,339 113,216 134,157
10,239
8,946
8,317
114
1,862
1,415
27,246 25,409 42,118
98,299
-2,073
2,990
Total finance
Sponsored credit agencies
Monetary authorities
Commercial banking
-9,792
670
2,400
Savings & loan assns.
Mutual savings banks
Credit unions
Life insurance companies
Other insurance companies
Finance companies
REITs
Brokers and dealers
6,776
1,813
1,800
14,827
15,437
18,705
145
2,237
9,569
3,710
l,300
14,433
29,746
9,404
58
9,226
-1,488
2,730
1,700
5,402
39,124
27,680
-289
7,001
46,843
264
32,837
19,982
-29
4,207
Net change in assets
19 83,879 107,040 150,686 146,041 192,941 162,384
16,968
1,965 21,525 29,562
6,790 15,279
20
3,039
2,490
2,173
1,121
77
1,676
21
6,392 10,027 l O,008
22 -13,529 -3,665 13,474
23 14,652 33,183 37,499 14,989 30,324 15,577
l
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
Households
Farm business
Nonfarm noncorp. business
Honfin. corporate business
20
21
22
23
24
25
-1,937
l,635
15,493
737
19,607
1,473
24,980
1,425
44,697
500
63,187
1,201
Foreign
U.S. government
24
25
26
74,592
l,144
140
24,546
44,892
703
528
7,198
76,591
2,806
3,004
22,698
74,240
2,482
l, 021
33,386
74,792
2,145
l,703
48,879
53,270
6,740
2,155
37,543
Total finance
Sponsored credit agencies
Monetary authority
Commercial banking
26
30
31
32
33
34
11,268
1,452
823
6,123
13,578
36
37
21,382
2,606
230
8,144
14,036
260
-1,106
3,210
-355
3,574
30,044
344
1,024
4,782
6,418
1,197
1,532
2,742
15,752
1,704
2,426
6,977
3,069
-1,627
614
8,436
7,705 12,429
965
656
3,681
-588
7,970
7,884
-7,293 -14,995
420
1,188
2,884
1,442
5,733 -l,184
38
4,431
16,580
4,180
49
27
28
29
35
12,858
Savings and loan assns.
Mutual savings banks
Credit unions
Lifl! insurance companies
Private pension funds
REITs
Honey market funds
Brokers and dealers
Unallocated, net
23,347
27
28
29
30
31
32
33
34
35
36
37
38
CA) Foreign claims
39
40
41
10,194
5,388
4,806
9,822
-3,631
13,453
13,233
-4 ,575
17,808
42
43
44
13,810
16,171
-2,361
11,519
11,858
-339
22,463
3,105
45
1,274
687
1,095
46
361
25,568
378
50
-3,329
12,924
9,595
13,662
3,600
10,062
26,257
6,229
20,028
Foreign direct investment by U.S. corps.
39
Liab.: Foreign (1)
Equity & intercompany accts. 40
41
Retained earnings
20,491
20,401
35,395
35,399
-4
42,158
39,439
2,719
Direct investment in U.S. bY fgn. corps.
L1ab.: Nonfin. corp. bus.Cl) 42
Equity & intercompany accts. 43
44
Retained earnings
1,542
1,482
1,235
90
-117
-982
U.S. govt. equity in IBRD, etc.
L1ab.: Foreign
Nonofficial foreign currency
Asset: U.S. government
Liab.: Foreign
-34
45
46
(Bl Claims on federally related agencies
Postal Savings deposits
Asset: Households
Liab.: U.S. government
47
48
2,818
-2,891
7,011
4,490
3,612
-6,603
49
81
106
161
155
93
173
so
930
213
888
908
613
l,670
52
53
387
29
102
-24
442
126
-284
-28
107
l,113
-579
-62
82
l,172
-464
55
62
20
1
805
51
54
72
9
Deposits at Federal Home Loan Banks
L1ab.: Sponsored credit ags.
Asset: S&L associations
-38
376
l, 796
(l)
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
47
48
Federal Reserve Bank stock
Asset: Commercial banks
49
Equity in sponsored credit ag.
U.S. government
Private:
Farm business CFICB & FLBl
Nonfarm noncorporate CBC)
Nonfin. corp. bus. (FNMA)
S&L associations CFHLB)
50
51
Excludes capital gains/losses.
52
53
54
55
DECEMBER 1988
Miscellaneous II
Miscellaneous II
61
Miscellaneous Financial Claims (Continued)
----------
ANNUAL FLOWS, 1970-81
ANNUAL FLOWS , 1970-81
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
430
318
540
400
710
658
631
909
1,065
1,343
1,247
l,783
1,169
595
1,060
418
642
1,266
455
811
1,438
563
875
1,445
697
748
1,691
686
1,005
1,865
l,196
669
2,748
1,367
1,381
2,700
1,267
1,433
2,391
820
1,571
l,715
599
l,116
2,146
916
1,230
2
3
4
3,418
1·,415
438
669
3,570
1,244
498
781
l,047
4,819
1,402
584
982
1,851
4,775
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
14,062
3,901
1,694
2,885
5,582
14,735
4,798
1,515
2,888
5,534
12,378
3,926
1,308
2,474
4,670
10,849
3,986
1,107
2,055
3,701
7
8
5,000
565
6,000
2,385
4,000
1,384
7,000
667
7,000
5,799
4,640
3,921
6,508
1,572
4,786
4,424
5,430
3,385
6,859
2,803
7,816 10
-2,604 11
3,093
24,900 12
CC) Life insurance claims
Deferred and unpaid premiums
Liab.: Households
Asset: Life insurance
Life company reserves
2 Liab.: Life insurance cos.
Accident and health
3
4
Policy dividend accu•.
Asset: Households
574
CD) Nonlife insurance claims
5 Liab.:
6 Asset:
7
8
9
Other insurance cos.
Households
Farm businesJ
Nonfarm noncorp. bus.
Nonfin. corp. business
896
5
6
9
CE> Intercorporate claims·
10
11
Corporate parent investment in:
Commercial bank subsidiaries
6,000
Finance company subsidiaries
Asset: Domestic bank affiliates
CF> Unallocated assets & Uab1lit1es
-1,400 -12,120
4,979
11,811
7,268
13,570
-1,495
971
-598
-111
1,087
-4'73
22,211
2,288
1,874
-475
1,414
285
22
19,169
-4,009
2,843
-650
-275
355
-20
48,375
14,861
3,537
22,199
1,592
l,781
-363
1,411
1,143
-7,776
-8,330
1,406
l,723
-1,730
-1,011
-321
-276
1,260
399
-1,310
1,086
820
17,650
7,168
6,137
3,879
466
14,971
1,687
12,260
551
473
-1,383
-2,207
1,107
-350
67
10,663
-552
8,428
l,727
1,060
7,919
-96
8,014
-378
379
11,490
2,784
7,135
738
833
20,022
15,529
1,188
2,684
621
9,346
5,308
3,369
-473
l,142
13,541
3,515
4,308
4,103
1,615
17,026
4,813
8,058
1,447
2,708
20
21
22
23
24
903
92
253
1,380
2,392
238
293
1,058
2,294
645
-97
-149
331
l,133
-116
780
-12
700
175
256
1,602
1,175
1,300
-1,682
1,084
282
414
l,191
180
481
1,843
7,128
-502
-886
-335
367
553
2,110
2,644
-140
3,373
1,070
-828
345
2,925
4,619
-203
942
20
1,634
2,115
3,509
111
3,134
2,576
-461
400
6,033
37
133
1,220
25
26
27
28
29
30
31
8,591
-3,839
-971
-1,353
975
10,400
5,064
1,067
-58
-532
-250
11,901
-6,253
2,655
5,513
986
49,232
5,794
2,191
9,674
436
-223
35,468
218
4,081
17,484
397
l,183
12,789 -10,320 32
-277 -32,155 33
-1,964 -23,595 34
-4,233 31,492 35
697 36
1,271
-110
61 37
-2,582
-810
-189
440
3,727
5,110
-370
-1,472
459
3,890
3,329
703
-3,009
2,867
38
39
40
41
42
4,907
1,186
-297
5,540
-5,780
43
44
45
46
47
7,937
3,394
1,432
13
14
15
16
17
18
19
Net change in liabilities·
Foreign
Nonfarm noncorp. business
U.S. government
U.S. govt.-without levels
Sponsored credit agencies
Monetary authority
7,679
-1,115
-613
1,152
521
472
10,206
-419
2,000
7
821
-102
-135
24,946
-906
2,000
l
29
405
-90
19,226
-3,801
1,539
20
21
22
23
24
Commercial banking
U.S. commercial banks
Domestic affiliates
Foreign banking offices
Banks.in U.S. poss.
4,765
-802
6,885
-1,812
494
3,870
951
3,493
-1,083
509
25
26
27
28
29
30
31
Savings and loan assns.
Mutual savings banks
Credit unions
Life insurance companies
Finance c:>mpanies
REITs
Brokers and dealers
617
91
204
305
1,280
l,173
32
33
34
Net change in assets
Foreign
Nonfarm noncorp. business
Nonfin. corporate busine·ss
Sponsored credit agencies
Monetary authority
-258
-2,161
Commercial banking
U.S. commercial banks
Domestic affiliates
Foreign banking offices
Banks in U.S. possession
12 Net total Cliab. less assets l
35
36
37
38
39
40
41
42
43
44
45
46
47
Savings and loan assns.
Mutual savin9s banks
Credit unions
Life insurance companies
Private pension funds
48
REITs
Honey •arket funds
Brokers and dealers
49
50
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
-92
204
894
1,985
2,021
2,087
180
2,816
-857 -13,269
15,882 14,580 13
-9,602 -23,827 14
1,450
8,733 15
16
-1,888
1,049 17
1,444 18
2,060
-1,144
217 19
-
837
-202
23,514
1,920
2,000
6,191
20,626
3,642
741
5,152
-544
6,812
-1,855
2,000
4,811
192
136
191
197
4,344
4,086
-74
2,187
-1,705
1,815
-476
-420
1,032
-1,344
256
-662
-188
-1,196
651
71
3,380
l,731
572
1,067
10
5,382
-657
5,844
117
78
-7,119
-3,072
-3,243
-588
-216
-2,168
-2,069
-1,108
426
583
-4,966
-2,413
-2,212
-246
1,543
1,721
92
12
11,651
10,175
-337
1,709
104
-406
126
204
391
242
416
297
·204
600
299
954
479
253
467
6,905
1,241
235
293
517
2,628
512
510
331
683
3,521
1,188
565
256
1,005
11,217
989
439
414
819
l,728
649
256
481
1,569
7,261
l,719
807
2,349
1,324
9,271
1,557
511
2,1�2
2,184
4,937
2,300
984
3,618
2,352
2,171
167
827
30
179
360
-90
-673
1,242
14
518
-326
20
2,709
-788
-107
-1,206
817
-282
489
944
374
2,038
549
360
2,041
1,411
826
129
207
-232
850
3,225
-95
-658
-282
2,933
956
-2,023
1,040 48
1,871 49
823 50
DECEMBER 1988
Miscellaneous
Hiscellaneous II
II
62
Miscellaneous Financial Claims (Continued)
ANNUAL FLOWS, 1982-87
ANNUAL FLOWS, 1982-87
1982
1984
1983
1985
1986
1987
CC) Life insurance claims
793
584
-991
2
3
4
2,254
1,250
1,004
3,169
1,775
1,394
2,722
l,S96
1,126
3,461
2,253
1,208
5
6
7
8
10,563
4,536
1,289
2,028
2,710
12,031
12,110
1,019
-4,561
3,463
15,437
-7S7
15
11,037
5,142
29,746
18,064
2,774
3,804
5,104
1,208
Deferred and unpaid premiums
Liab.: Households
Asset: Life insurance
3,019
2,489
530
3,702
2,700
1,002
Life company reserves
L1ab.: Life insurance cos.
Accident and health
Policy dividend accum.
Asset: Households
39,124
26,543
3,618
4,809
4,154
32,837
13,266
2,637
6,046
10,888
lOL -1,324
2
3
4
CD> Nonlife insurance claims
9
Liab.:
Asset:
Other insurance cos.
Households
Farm business
Nonfarm noncorp. bus.
Nonf1n. corp. business
5
6
7
8
9
CE> Intercorporate claims
Corporate parent investment 1n:
Commercial bank subsidiaries 10
Finance company subsidiaries 11
Asset: Domestic bank affiliates
10
11
13,237
7,189
12,631
2,424
10,307
12,471
5,545
14,963
-281
41,458
14,532
10,609
12
4,431
16,580
4,180
49
12,858
23,347
Net total CU ab. less assets>
12
24,806
14 -10,367
15 10,270
73,275
-4,357
12,670
66,586
-7,822
19,190
55,210
-5,786
7,465
69,928
10,244
8,000
17
18
19
150
2,181
-161
2,013
2,443
-584
4,876
2,340
-47
-417
3,548
1,260
57,987
17,979
8,000
1,166
5,165 -10,537
4,092
2,860
l,769
2,817
Net chan9e in liabilities
Forei9n
Nonfarm noncorp. business
U.S. 9overnment
U.S. 9ovt.-without levels
Sponsored credit a9encies
Monetary authority
13
14
15
16
17
18
19
20
21
22
23
24
9,961
-8,802
14,901
4,9;:9
-1,076
18,322
1,414
15,256
967
685
16,939
13,122
8,299
-25
-4,457
19,864
10,336
7,056
2,376
96
42,399
2,396
34,294
4,805
904
32,311
-6,205
20,181
18,285
50
Commercial bankin9
U.S. commercial banks
Domes t1c aff111 ates
Forei9n bankin9 offices
Banks in U.S. poss.
20
21
22
23
24
25
26
27
28
29
30
31
13,139
586
200
4,788
460
38
-6,439
10,353
4,238
700
6,079
6,855
-68
14,611
6,776
1,813
1,800
12,105
6,234
145
2,237
9,569 -1,488
2,730
3,710
1,300
1,700
2,383
10,972
-5,559 -13,778
-289
58
7,001
9,226
-9,792
670
2,400
-3,438
9,373
-29
4,207
Savin9s and loan assns.
Mutual savin9s banks
Credit unions
Life insurance companies
Finance companies
REITs
Brokers and dealers
25
26
27
28
29
30
31
32 20,375
33 -15,747
34 -15,586
1,676
35
36
l,144
140
37
56,695
3,974
920
19,889
703
528
62,406
-5,961
2,417
19,123
2,806
3,004
55,161
4,489
2,616
183
2,482
l,021
Net chan9e in assets
Forei9n
Nonfarm noncorp. business
Nonfin. corporate business
Sponsored credit a9encies
Monetary authority
32
33
34
35
36
37
38
39
40
41
42
4,039
-1,791
602
5,741
-513
-7,963
-4,419
545
-2,153
-1,936
-241
-638
1,303
-857
-49
12,723
13,215
-271
-105
-116
Commercial bankin9
U.S. commercial banks
Domestic affi11ates
Foreisn bankin9 offices
Banks in U.S. possession
38
39
40
41
42
43
44
45
46
47
18,122
2,606
230
7,351
14,036
14,033
1,452
823
5,539
13,578
22,228
344
1,024
5,773
6,418
10,149
1,704
2,426
6,876
3,069
Savinss and loan assns.
Mutual savin9s banks
Credit unions
Life insurance companies
Private pension funds
43
44
45
46
47
48
49
50
260
-1,106
3,210
-355
3,574
l, 197
1,532
2,742
-1, 627
614
8,436
REITs
Honey market funds
Brokers and dealers
48
49
50
CF) Unallocated assets & l1ab111t1es
13
16
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
57,070 34,640
9,302 21,029
5,280
4,000
12,426 -21,944
6,740
2,145
2,155
1,703
7,609
l,784
1,389
4,027
409
12,229
963
467
11,257
-458
2,921 17,236
965
656
-588
3,681
6,676
9,294
-7,293 -14,995
420
2,884
5,733
1,188
1,442
-1,184
DECEMBER 1988
Total Claims
63
Total Claims
Total Financial Asstts and Liabi 11tits
ANNUAL FLOWS,
1970-8'1
ANNUAL FLOWS,
1970
1971
1972
1974
1973
1975
1976
1977
1978
Total Ntt Borrowin9 and Ltndin9 in Crtdit Marktts
Total ntt borrowin9
in crtdit 111arktts
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
110,368 151,255 184,540 237,620
1980
1981
(1)
211,653 282,949 380,137 468,221 488,399 432,628 496,292
Domtst1c nonf1nan. stctors
U.S. 9011trn11tnt
Privatt do111tstic
Houstholds
Farm busintss
Nonfar111 noncorp. bus.
Corporatt busintss
Statt&local 9ovtrn11tnts
91,828 135,623 157,002 184,276 171,452 186,235 240,541 315. 792 370,914 383,537 343,060 370,826
8,266 11,791 85,405 69,027 56,763 53,681 37,360 79,196 87,373
11,851 24,898 15,075
79,977 110,725 141,927 176,010 159,661 100,830 171,514 259,029 317,233 346,177 263,864 283,453
22,643 42,871 60,908 74,865 50,556 49,537 86,726 136,026 165,550 171,499 117,265 113,.883
7,923
8,812
8,806 10,007 13,759 16,255 23,508 15,754 16,316
2,613
5,257
4,704
14,975 19,522 29,776 11,094 35. 1,;o 16,979 21,429 32,080 47,918 65,550 55,785 44,358
28,438 25,927 31,480 68,<;41 50,834 13,171 40,137 66,699 70,974 67,985 57,837 102,111
11,308 17,701 14,506 12,798 14,608 12,337 13,215 10,465 16,536 17,635 17,223
6,785
Forti9n borr. in U.S.
Financial stctors
Sponsortd crtdit a9tncits
Hort9a9t pools
Commercial banks
Bank affiliatts
Savin9s and loan assns.
Financt companies
REITs
CHO Issutrs
2,806
15,734
8,234
1,551
1,721
-845
1,222
3,152
699
Total ntt ltndin9
1n crtdit marktts
20
233,222
1979
1970-81
5,055
10,577
l,142
4,771
1,69<;
762
-2,017
2,293
1,932
4,442
23,096
3,521
4,878
136
2,578
480
6,854
4,649
6,296
47,048
16,295
3,636
13,818
47,952
17,297
3,418
9,843
4,433
6,208
5,283
1,470
2,022
3,170
7,567
8,768
5,590
14,106
11,312
3,206
7,053
434
4,262
-4,196
664
-111
20,499
21,909
2,073
12,182
4,516
2,044
-1,662
4,687
-1,931
13,502
50,8<;3
5,889
16,110
3,716
3,816
6,852
16,959
-2,499
24,011
73,296
23,469
13,604
-51<;
7,535
13,486
16,136
-420
14,963
89,899
24,846
23,051
9,099
4,093
12,593
16,344
-127
2
3
4
5
6
7
8
9
24,158 23,523 10
65,410 101,943 11
25,619 32,385 12
19,181 15,028 13
8,295 11,633 14
6,704
9,164 15
7,427 15,481 16
-1,295 18,495 17
-521
-243 18
19
-
110,368 151,255 184,540 237,620
233,222
21,853
-63
14,806
5,670
33,265
13,075
1,412
7,951
10,827
45,662
33,827
1,750
-5,608
15,693
70,937 107,412
51,363 83,434
3,558
2,653
4,618
3,345
12,671 16,707
47,258
36,103
913
-1,672
11,914
61,334
42,516
8,874
9,246
8,310
13,403
14,038
7,951
37,821
29,665 -10,366
17,055 19,005
25,289
23,686
25,532 26
24,046 27
211,653 282,949 380,137 468,221 488,399 432,628 496,292 20
10,345
-438
1,243
2,597
35,163
722
1,857
-1,852
169
-7,228
1,275
6,332
-210
693
-1,669
49,820
36,939
191
7,367
5,323
Forti9n
U.S. 9ovtrnmtnt
10,974
2,793
26,726
2,819
8,328
1,843
297
3,871
4,984
7,301
28
29
Financial stctors
Sponsored crtdit a9tncits
Mort9a9t pools
Honttary authority
93,112 121,541 164,024 198,289 171,117 147,674 227,695 286,668 350,564 372,348 336,395 385,380 28
4,516
4,704
6,44<; 26,685 30,006 26,420 33,212 29
1,079
8,805
3,969 15,500 20,848
3,<;18
7,053 12,182 16,110 13,604 23,051 19,181 15,028 30
3,636
1,551
4,771
4,878
8,191
4,876
6,728
9,274
8,664
7,133
8,452
4,981
1,628
3,531
7,362
8,825 31
32
Commercial bankin9
U.S. commercial banks
Bank affi 11atts
Forti9n bankin9 officts
Banks in U.S. poss.
36,941
34,305
-992
3,493
135
51,110
50,889
-114
24
311
69,179
68,131
-242
1,003
287
86,633
79,979
1,702
4,843
109
76,321
65,811
916
9,129
465
30,129
28,511
-1
1,254
365
Privatt nonbank financt
Savin9s institutions
Savi n9s & loan assns.
Mutual savin9s banks
Crtdit unions
40,834
17,089
11,919
3,800
1,370
25,723
57,219
37,035
9,265
2,047
84,370
45,113
32,702
9,543
2,868
83,246
35,260
27,347
4,326
3,587
65,654
25,346
19,483
3,141
2,722
97,785 137,809 164,032 173,762 180,755 179,628 221,770 37
50,930 68,413 78,568 71,267 55,412 51,304 26,167 38
34,848 48,970 60,147 56,145 49,270 46,211 23,184 39
10,716 12,795 11,227
8,674
4,406
5,899
939 40
5,366
6,648
7,194
6,448
1,736
-806
2,044 41
2,022
23,483
9,704
5,543
4,552
3,684
27,645
12,304
4,134
3,838
U,566
8,154
-1,639
3,274
3,777
33,104
12,946
8,889
6,675
4,594
49,101
16,936
15,558
9,270
7,337
52,565
23,666
6,555
9,835
12,509
67,256
27,384
10,456
11,925
17,491
76,884
32,807
10,557
17,006
16,514
78,721
32,450
22,051
10,786
13,434
93,653
32,296
30,599
20,890
9,868
6,7 /1
6,618
20,341
11,894
5,560
1,319
-2,246
16,831
11,805
-3,807
1,568
7,204
5,380
189
654
757
224
18,208
22,�45
-2,387
3,925
-146
-5,429
25,611
25,938
-1,137
804
3,191
-3,185
46,622
29,376
-974
1,907
19-801
-3,488
34,671 105,531 47
13,166 23,391 48
-719 -1,100 49
3,185
3,058 50
16,4<;7 64,833 51
2,592 15,349 52
21
22
23
24
25
Privatt dom. nonfin. stctors
Houstholds
Nonfarm noncorp. busintss
Corporatt busintss
Statt & local 9ovtrnmtnts
26
27
30
31
33
34
35
36
37
38
39
40
41
42
43
Insurance stctor
Lift insuranct cos.
Privatt ptnsion funds
St.&loc.9ovt.rtr.funds
Othtr insuranct cos.
44
45
46
47
Financt n.t.c.
Financt companits
REITs
Mutual funds
Monty market funds
Brokers and dtaltrs
CMO Issutrs
48
49
50
51
52
53
(1)
3,489
2.762
16,974
6,980
6,943
2,133
1,897
408
2,299
-442
15,774
9,939
4,193
326
2,333
-1,361
1,316
6,122
27,623
8,516
6,212
5,683
3,446
4
5
6
7
8
9
10
Ntt flows throu9h crtdit marktts Cfrom
prtctd1n9 tablt l
110,368
Othtr financial sources:
Official forti9n txchan9t
-2,545
Trtasury curr. and SDR ctfs.
622
DtPOS1 ts at financial 1nsts.
Chtckablt dtposits
Small timt & savin9s dtp.
Money market fund sharts
Lar9t timt deposits
Security RPs
Fort19n dtposits
11
Lift 1nsuranct rtstrves
Ptnsion fund rtstrves
13
14
Interbank claims
Corporatt equitits
Stcurity crtdit
Tradt debt
Taxes payable
Noncorp. proprittors • equity
Hiscellantous
12
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
368
-4,805
468
698
1,025
66,272
57,816
2,781
5,046
629
-224
638
8,419
9,986
Total financial sources
- Floats not incl. in assets
Chtck. dtp.:
u.s. 9011t.
Othtr
Trade credit
- Liab1litits not allocated
as asstts
Treasury currtncy
Interbank claims
Security RPs
Profit taxts payable
Miscellaneous
Totals allocattd to stctors
as assets
MILLIONS OF DOLLARS
Digitized for. FRASER
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
-152
533
-149
422
1,295
445
783
937
2,480
1,189
136
300
452
524
-68
8,138
219,222
1,610
13,423
4,016
436
17,590
2,667
39,107
16,612
1,157
5,341
6,352
21,625
41,576
6,875
7,348
32,538
7,121
36,588
-2,977
11,303
-799
7,4<,0
-3,145
-4,408
-1,741
15,685
3,845
12,610
3,911
-2,200
27,230
18,848
28,807
-4,785
15,015
8,669
25,466
2,819
-8,662
46,820
-2,723
11,574
-7,9<;5
45,432
5,528
11,225
45,917
42
43
44
45
46
53
----------------
24,207
-4,057
-375
938
�2
23·
24
25
and Their Relation to Total Financial Asstts
91,051 111,955 150,103 162,274 185,839 185,892
6,909 18,667 24,848 30,243 32,661 35,768
37,593 97,859 121,417 94,513 65,125 59,611
1,317
2,379
-10
201
6,921 34,406
41,066 -8,934 -13,876 28,302 54,750 29,275
2,220 16,055
3,304
7,700 23,933 17,050
826
1,669
-200
l,315
2,4<;9
9,782
62,626 103,834 115,938 112,331
12,406 17,691 24,082 16,288
30,445 68,268 70,661 39,167
90,072
30,951
27,249
22,470
9,402
-
151,255 184,540 237,620 233 ,2�2 211,653 282,949 380,137 468,221 488,399 432,628
-1,732
,;90
698
21
91,418 128,061 131,403 107,635 106,545 32
84,252 108,973 112,674 87,604 94,965 33
1,323
1,959
-466
-345
231 34
5,530 19,313 16,781 19,845 12,498 35
313
241
-11
531 -1,149 36
Excludts corporatt equitits.
_
Total Liabilitits
-------·----------------·
-
2
3
42,266
8,084
63,837
8,785
47,857
9,534
69,026
11,190
83,832
l ,::!82
17,058
82,698
30,831
59,971
24,185
4,479
496,292
3,353
1,245
2
3
287,149 4
27,904 5
47,812 6
109,796 7
61,293 8
29,925 9
10,419 10
10,700
9,735
9,203 11
91,134 108,768 108,708 12
-1,071 -l l,175 -9,127 -1,380 16,111 21,502 -33,058 -30,288 13
5,529
9,962 11,383
6,734
1,993 -3,764 20,263 -4,831 14
-4,769
3,736 11,430
4,262
2,533
1,275 13,931
2,064 15
35,489 11,774 18,176 28,067 57,559 64,105 51,006 39,072 16
1,544
4,291
-547 10,342
7,354
8,469
1,942 -11,527 17
-30,260 -19,307 -25,766 -20,226 -31,927 -65,221 -76,856 -48,360 18
22,202 52,930 62,268 60,553 103,487 93,643 81,797 76,638 19
231,501 341,164 434,652 499,118 401,133 444,622 572,069 700,961 907,168 897,676 838,798 928,718 20
-1,030
139
-373
2,165
-1,428
4,684
-2,942
250
-360
1,646
-79
12
-1,049
1,557
855
3,394
-153
-4,614
1,514
1,132
1,432
3,262
-833
646
-1,859
-497
7,937
577
19
612
-65
439
-2,452
-91
2,486
6,353
2,295
1,676
-1,400 -12,120
42
1,641
3,929
-129
-3,754
3,037
77
4,979
-858
1,378
-759
1,319
586
1,788
-471
-52
-7,156 -14,929 -12,439 -13,795
-113
-861
7,734
1,403
11,811
-261
-5,422
3,233
74
7,268
-26
-150
18S -1,716
9,600
2,077
2,556
4,365
-857 -13,269
-1,092
2,297
-8,055
-177
-3,508
7,414
3,174
3,093
-243 21
4,096 22
4,949 23
-205
-3,024
-481
-904
24,900
24
25
26
27
28
227,077 336,031 433,022 493,413 404,288 434,800 559,523 707,832 909,379 918,897 835,652 899,630 29
DECEMBER 1988
Total Claims
Total Claims
64
Total Financial Assets and Liabilities
ANNUAL FLOWS, 1982-87
1982
ANNUAL FLOWS, 1982-87
1984
1983
1985
1986
1987
Total Net Borrowin9 and Lendin9 in Credit Markets (ll
Total net borrowin9
in credit markets
05,428 663,369 907,8671045,7461137,367 988,023
2 388,710 546,798 750,795 846,279 830,574 680,629
3 161,263 186,557 198,802 223,621 215,016 143,842
4 227,447 360,241 551,993 622,658 615,558 536,787
5 83,986 186,107 231,495 283,604 286,110 261,505
3,896
-380 -14,509 -16,261 -11,218
6
6,703
7 71,822 81,853 123,161 129,332 127,562 115,789
8 43,388 54,363 170,290 132,445 173,825 136,269
9 21,548 34,022 27,427 91,786 44,322 34,442
Domestic nonfinan. sectors
U.S. 9overnment
Private domestic
Households
Farm business
Nonfarm noncorp. bus.
Corporate business
State8local 9overnments
4,340
8,361
9,595
17,336
1,202
99,235 148,711 198,265 297,198 303,054
1,407 30,430 21,670 14,850 29,454
66,388 44,447 79,877 163,263 156,369
7,090
7,256 -4,881 -3,643
5,045
2,886
4,606
12,090 15,590 14,527
-2,062 22,655 22,337 29,758 35,999
12,979 18,212 52,745 48,409 30,604
957
1,525
501
-219
842
3,607
9,279 11,489 38,998 39,127
Fore19n borr. in U.S.
Financial sectors
Sponsored credit a9encies
Mort9a9e pools
Commercial banks
Bank affiliates
Savin9s and loan assns.
Finance companies
REITs
CMO Issuers
10
11
12
13
14
15
16
17
18
19
15,984
90,734
15,342
49,532
11,666
6,781
2,490
4,253
43
627
Total net lendin9
in credit markets
20 495,428 663,369 907,8671045,7461137,367 988,023
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
92,477 150,900 169,241 282,857
55,625 87,068 108,021 164,433
4,620
7,790
9,860
5,263
20,238 20,668 23,492 15,368
11,994 35,374 27,868 97,793
86,705 166,816
2,891 131,673
4,238
4,313
31,204 10,452
48,372 20,378
Private dom. nonfin. sectors
Households
Nonfarm noncorp. business
Corporate business
State 8 local 9overnments
21
22
23
24
25
26
27
23,691
15,936
97,775 62,512
9,656 -11,466
Forei9n
U.S. 9overnment
26
27
28 363,324 479,160 663,676 683,785 943,231 770,161
29 16,005
3,417 29,806 15,661 14,074 24,276
30 49,532 66,388 44,447 79,877 163,263 156,369
31
7,681 14,659
8,409 18,413 19,429 24,650
Financial sectors
Sponsored credit a9encies
Mort9a9e pools
Monetary authority
28
29
30
31
32 110,164 144,296 168,864 186,331 194,750 136,330
33 110,684 136,547 158,686 165,560 162,537 99,169
34 -2,183
1,161
587
4,047 -3,075
1,901
35
2,169
3,673 12,864 16,428 34,957 35,026
36
-506
2,915 -3,273
296
331
234
Commercial bankin9
U.S. commercial banks
Bank affi11ates
Forei9n bankin9 offices
Banks in U.S. POSS.
32
33
34
35
36
37 179,942 250,400 412,150 383,503 551,715 428,536
38 22,936 135,601 150,239 82,972 105,543 140,381
39 19,976 104,666 124,866 59,841 73,153 96,971
669 18,790 10,119
9,743 17,414 25,619
40
41
2,291 12,145 15,254 13,388 14,976 17,791
Private nonbank finance
Savin9s institutions
Savin9s 8 loan assns.
Mutual savin9s banks
Credit unions
37
38
39
40
41
23,654
9,655
57,869
17,081
62,331
16,773
42
43
44
45
46
95,973 100,058 121,792 148,925 181,871 210,821
42,385 52,450 54,069 76,108 85,251 91,465
25,191 29,899 21,345 26,819 20,059 53,593
23,402 16,046 34,688 22,860 31,343 26,324
4,995
1,663 11,690 23,138 45,218 39,439
Insurance sector
Life insurance cos.
Private pension funds
St.&loc.9ovt. rtr.funds
Other insurance cos.
42
43
44
45
46
47
48
49
50
51
52
53
61,033 14,741 140,119 151,606 264,301 77,334
10,871 26,757 38,333 49,529 54,881 40,562
2
962
. 80
828
2,419
-40
9,771 17,948 68,689 123,117 25,769
4,689
1,824
29,452 -17,741 44,962 13,919 34,102
5,561 13,201 -30,910
15,434 -7,733 28,769
9,279 11,489 38,998 39,127
3,607
627
Finance n.e.c.
Finance companies
REITs
Mutual funds
Money market funds
Brokers and dealers
CMO Issuers
47
48
49
50
51
52
53
-----------------------------------------------------------------------------
Cll Excludes corporate equities.
Total Liabilities and Their Relation to Total Financial Assets
495,428 663,369 907,8671045,7461137,367 988,023
2
3
3,592
1,657
1,130
468
2,151
553
2,960
487
-559
789
-9,659
469
Net flows throu9h credit markets (from
precedin9 table)
Other financial sources:
Official forei9n exchan9e
Treasury curr. and SOR ctfs.
2
3
4 270,051 216,609 371,806 278,217 365,677 150,761
5 37,659 40,379 47,358 83,494 126,993
3,906
6 138,701 216,568 150,813 141,089 124,089 76,215
7 32,707 -40,444 54,161 10,248 48,307 23,986
8 24,562 -13,011 87,280 17,940
4,985 51,509
9 31,921 11,838 37,979 29,717 52,214 -1,461
10
9,089 -3,394
4,501
1,279 -5,785 -4,271
Deposits at financial insts. 4
Checkable deposits
5
Small time & savin9s dep.
6
Money market fund shares
7
Lar9e time deposits
8
Security RPs
9
Forei9n deposits
10
11
7,172
7,993
5,202 10,717 17,515 26,046
12 140,875 151,180 152,455 174,849 175,138 170,352
Life insurance reserves
Pension fund reserves
13 -34,301 -2,062 14,254 29,277 30,013 33,623
14 21,213 58,056 -35,995 20,087 93,871 13,303
15
5,883 13,551
9,887 -28,375
4,467 43,326
16 11,996 43,775 43,647 47,180 13,595 32,872
17 -ll,129
5,645
5,310
2,653
9,459
2,665
18 -91,382 -79,634 -86,518 -89,161 -76,177 -97,772
19 88,310 123,620 154,866 146,090 205,799 185,731
Interbank claims
Corporate equities
Security credit
Trade debt
Taxes payable
Noncorp. proprietors'
Miscellaneous
20 909,3651207,5141537,4201715,0851978,5601468,027
21
22
23
24
25
26
27
28
349
-1,828
12,553
-204
-861
-5,088
-1,021
4,431
1,582
467
2,625 -1,855
-4,675 -20,260
-221
-9,981
-3,961
421
16,580
1,3?2
2,770
10,079
-247
-133
6,404
7,003
-2,870 -13,626
-2,829
4,650
4,180
49
-26
-603
434
-8,914
1,477 -22,195
-26
-1,095
5,815
1,740
12,858
-141
-5,178
-8,073
31
23,347
29 901,0341205,1441554,3161703,0751967,3081479,828
MILL IONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
11
12
13
14
15
16
17
ll!qui ty 18
Total financial sourcll!s
- Floats not incl. in assets
Chll!Ck. dep.: U.S. 9ovt.
Other
Trade credit
- Liabilities not allocated
as .assets
Treasury currency
Interbank claims
Security RPs
Profit taxes payable
Miscellaneous
Totals allocated to sectors
as assets
19
20
21
22
23
24
25
26
27
28
29
DECEMBER l988
Savin9 by Individuals
65
Savin9 by Individuals
A111ount and Composition of Individuals' Savin9 Cl)
ANNUAL FLOWS, 1970-81
ANNUAL FLOWS, 1970-81
1970
l Increase in financial assets
Checkable deposits and curr.
2
Time and savin9s deposits
3
4
Honey market fund shares
5
6
7
8
9
10
11
12
13
14
15
16
17
18
Private life insurance res.
Private insured pension res.
Private noninsured pen. res.
Govt. insurance & pen. res.
Miscellaneous finan. assets
19 Gross inv. in tan9ible assets
20
Owner-occupied ho111es
21
Other fixed assets (2)
22
Consu111er durables
23
Inventories (2)
1973
1974
1975
1976
1977
1978
1980
1981
-------------------
1979
80,505 105,306 134,921 148,360 149,471 179,313 204,997 250,695 287,135 325,584 320,320 320,505
6,466
8,940 35,188
8,932 12,330 13,569 13,251
6,103 15,636 19,737 22,384 35,654
43,226 67,572 73,781 63,342 55,990 77,584 107,052 106,607 99,204 74,721 124,856 72,092
-243
5,993 30,596 24,529 90,742
2,379
-10
l,317
Securities
249
U.S. savin9s bonds
319
Other U.S. Treasury secur. -11,489
U.S. 9ovt. a9ency secur.
6,079
Tax-exempt obl19at1ons
-852
Corporate & forei9n bonds
Open-111arket paper
Mutual fund shares
Other corporate equities
1972
1971
-8,782 -10,063
3,251
2,327
-9,748 -1,455
-3,872 -4,274
2,255
97
23,444
2,687
10,498
762
5,285
31,590
2,984
5,622
4,082
8,302
12,269
4,025
16,610
-4,517
6,201
9,111
4,655
-1,077
-937
1,238
20,585
4,744
12,020
-914
-3,277
29,618
3,929
16,394
6,640
4,116
43,938
-815
37,525
18,401
10,227
8,050
-7,348
23,229
4,919
6,677
-4,261
-4,338
35,353
4,546
10,544
l
2
3
4
5
6
7
8
9
10,670
-3,749
2,036
-2,765
10,365
-3,633
l,128
-5,446
3,533
-4,569
-12
-8,792
1,684
6,787
-1,032
-3,227
7,594
8,350
5,110 -12,210
-730
-405
-1,374 -5,785
11,124
-5,400
-2,359
1,867
l,121 -3,916 -3,409 -13,006 -3,528 10
14,236 14,979
7,482
3,449 -10,237 11
565 -1,008
721
1,083
5,760 12
-8,066 -13,089 -24,465 -10,953 -42,361 13
5,235
2,883
7,191
8,880
3,909
6,281
4,620
7,608
9,468
6,209
6,723
4,390
25,702
11,636
9,183
7,173
5,745
15,178
11,790
8,437
7,006
5,983
18,169
12,551
9,337
8,599
14,951
15,434
17,658
16,566
9,313
16,822
29,891
22,534
25,449
7,946
8,663
40,209
15,103
10,119
10,871
19,133
37,120
27,898
34,914
10,418
19,386
47,631
24,399
38,841
9,689
22,349
51,187
35,278
35,442
8,947
29,512
39,722
39,730
8,833
14
15
16
17
18
150,487 180,183 212,585 239,970 224,538 236,389 278,437 342,595 395,939 426,615 403,426 457,684 19
28,081 37,270 46,418 52,072 49,828 51,895 68,861 92,155 113,951 128,663 113,557 111,172 20
36,387 43,194 52,604 57,375 51,126 45,106 49,601 61,911 70,825 75,825 79,642 94,309 21
85,663 97,596 111,201 124,691 123,771 135,363 161,472 184,498 205,583 218,957 219,280 239,876 22
2,123
2,362
5,832
356
5,580
-187
4,031
3,170 -9,053 12,327 23
4,025 -1,497
24 Capital consu111pt1on allowances 102,921 112,569 121,971 133,760 151,813 173,002 190,942 213,059 240,465 273,482 311,079 341,085
Owner-occupied homes
13,492 14,943 17,222 18,952 21,900 24,409 26,983 31,140 36,117 41,922 46,952 51,438
25
26
Other fixed assets (2J
23,672 25,778 28,340 31,325 36,041 41,611 45,396 50,727 57,548 66,597 76,764 87,137
27
Consumer durables
65,757 71,848 76,409 83,483 93,872 106,982 118,563 131,192 146,800 164,963 187,363 202,510
24
25
26
27
28 Net inv. in tan91ble assets
29
Owner-occupied ho111es
30
Other fixed assets C2>
31
Consumer durables
Inventories C2J
32
47,566
14,589
12,715
19,906
356
67,614
22,327
17,416
25,748
2,123
33 Net increase in liabilities
34
Ht9. debt on nonfar■ ho■es
35
Other mort9a9e debt (2)
36
Consu111er credit
37
Securt ty credit
38
Policy loans
39
Other 11abi 11ties (2)
38,710
13,500
16,440
4,576
-1,780
2,308
3,666
73,496 106,306
26,235 38,842
20,529 29,976
14,066 19,036
2,666
4,469
950
1,013
8,987 13,033
·40 Individuals' savin9 C1+28-33)
41 - Govt. insurance & pen. res.
42 - Net investment in cons. dur.
- Capital 9ains dividends
43
from ■utual funds
44 - Net savin9 by far■ corps.
45 • Personal savin9, FOF basis
89,361
8,880
19,906
99,424 119,229 157,388 122,387 161,995 162,883 187,582 200,153 202,966 203,377 245,998 40
9,468 11,636 11,790 12,551 15,103 17,658 22,534 27,898 24,399 35,278 39,730 41
25,748 34,792_ 41,208 29,899 28,381 42,909 53,306 58,783 53,994 31,917 37,366 42
923
8
59,644
776
15
63,417
1,420
944
599
172
71,209 102,847
485
470
219
636
711
931
1,774
2,696 43
222
547
444
291
902
915
223 44
467
79,230 117,745 101,402 110,815 111,859 122,727 133,941 165,983 45
46 Personal savin9, NIPA basis
57,730
66,318
61,374
96,688 104,632
1,914
-2,901
9,835
47 Difference
90,614 106,210
29,196 33,120
24,264 26,050
34,792 41,208
5,832
2,362
Cl> Combined state■ent for households, far■ business,
and nonfar■ noncorporate business.
(2) Includes corporate farms.
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
97,182
44,186
7,789
22,953
-4,337
2,221
24,370
88,971
72,725
::7,928
15,085
29,899
-187
63,387
27,486
3,495
28,381
4,025
99,809
34,573
30,929
8,993
-1,806
2,699
24,421
80,705 129,609 192,649 242,456 275,751 209,290 191,106 33
38,847 60,803 91,507 109,378 117,092 96,415 73,779 34
16,846 16,672 24,609 33,511 58,226 53,395 30,735 35
7,969 22,887 36,719 45,130 40,479
2,630 16,905 36
726
2,350
2,186
4,079
7,238 -1,027 37
207
1,618
1,368
1,726
2,596
4,718
6,668
7,354 38
14,699 23,800 35,738 49,655 55,029 42,944 63,360 39
13,876 -17,458
13,113
87,495 129,536 155,474 153,133
41,878 61,015 77,834 86,741
4,205 ll,184 13,277
9,228
42,909 53,306 58,783 53,994
4,031
-1,497
5,580
3,170
95,779
5,623
92,347 116,599 28
66,605 59,734 29
2,878
7,172 30
31,917 37,366 31
-9,053 12,327 32
90,713 110,160 118,050 136,904 159,449 46
20,102
1,699
4,677
-2,963
6,534 47
DECEMBER 1 988
Saving by Individuals
Saving by Individuals
ANNUAL FLOWS, 1982-87
1982
1984
1983
1985
1986
5
6
33,957 90,222
156
3,139
47,000 61,817
-1,152 -10,830
22,937 37,564
ANNUAL FLOWS, 1982-87
1987
380,250 480,358 540,838 543,807 514,190 480,614
2 25,808 34,448 26,723 35,686 94,100 16,443
3 118,260 198,752 221,523 125,709 101,537 98,647
4 32,847 -31,089 44,049 12,111 34,220 28,880
7
8
9
66
Amount end Composition of Individuals' Savin9 Cl>
Increase in financial assets
Checkable deposits and curr.
Time and savings deposits
Honey market fund shares
1
2
3
4
Securities
U.S. savings bonds
Other U.S. Treasury secur.
U.S. 9ovt. agency secur.
Tax-exempt obligations
6
7
8
9
54,305 126,641 24,480 122,841
3,030
5,262 13,555
7,771
64,996 44,649 -18,596 50,396
18,608 30,233 -1,182 30,251
25,549 40,004 -16,429 43,017
Corporate & forei9n bonds
Open-market paper
Mutual fund shares
Other corporate equities
10 -3,004 -8,302
-845
2,387 32,574
5,114
11 -20,068
5,741 -5,377 39,077 -11,571
6,111
12
6,975 24,007 23,968 68,465 147,776 79,759
13 -18,887 -22,914 -75,624-103,436-121,647 -99,578
14
15
16
17
18
6,971
39,681
57,504
43,891
21,331
7,821
38,750
59,117
53,485
28,852
4,966
46,693
42,077
63,921
36,581
10,441
63,372
39,500
72,253
58,094
17,221
77,511
19,241
78,680
67,200
Private life insurance res.
Private insured pension res.
Private noninsured pen. res.
Govt. insurance & pen. res.
Miscellaneous finan. assets
25,736
70,627
25,092
74,943
17,405
5
10
11
12
13
14
15
16
17
18
Gross inv. in tan9ible assets
Owner-occupied homes
Other fixed assets (2)
Consumer durables
Inventories (2)
19
20
21
22
23
24 365,135 381,878 399,277 424,805 455,535 489,306
25 54,264 57,031 59,988 64,358 67,051 70,001
26 95,468 98,448 102,551 105,850 107,916 113,955
27 215,403 226,399 236,738 254,597 280,568 305,350
Capital consumption allowances
Owner-occupied homes
Other fixed assets C2)
Consumer durables
24
25
26
27
28
29
30
31
32
Net inv. in tan9ible assets
owner-occupied homes
Other fixed assets C2 >
Consumer durables
Inventories (2)
28
29
30
31
32
33 184,425 297,888 377,479 436,209 421,884 368,633
34 52,910 120,363 136,691 157,008 210,927 221,244
35 65,205 63,873 83,417 95,083 92,842 83,487
36 16,392 48,964 81,648 82,502 54,414 40,718
37
2,845
9,431 -2,405 19,443
8,200 -15,302
397
38
4,221
1,056
-141
-142
-49
39 42,852 54,201 77,731 82,314 55,643 38,535
Net increase in liabilities
Ht9. debt on nonfarm homes
Other mort9a9e debt (2)
Consumer credit
Security credit
Policy loans
Other liabilities (2)
33
34
35
36
37
38
39
40 264,687 309,717 372,042 323,280 343,640 354,438
41 43,891 53,485 63,921 72,253 78,680 74,943
42 37,247 62,701 98,812 117,628 125,957 116,500
savin9 (1+28-33)
--Individuals'
Govt. insurance & pen. res.
Net investment in cons. dur.
- Capital 9ains dividends
40
41
42
savin9 by farm corps.
.. Net
Personal saving, FOF basis
43
44
45
46 153,950 130,625 164,075 125,400 121,700 104,150
Personal savin9, NIPA basis
46
47
Difference
47
19 433,997 509,125 607,960
20 89,886 133,225 155,434
21 94,836 94,425 100,926
22 252,650 289,100 335,550
23 -3,375 -7,625 16,050
640,487 706,869 731,763
161,432 185,897 205,408
101,855 105,872 100,105
372,225 406,525 421,850
4,975
8,575
4,400
68,862 127,247 208,683 215,682 251,334 242,457
35,622 76,194 95,446 97,074 118,846 135,407
-632 -4,023 -1,625 -3,995 -2,044 -13,850
37,247 62,701 98,812 117,628 125,957 116,500
-3,375 -7,625 16,050
4,975
8,575
4,400
43
4,392
2,350
6,019
4,895 17,464 22,412
44
497
578
668
857
639
929
45 180,702 188,561 202,622 127,647 120,900 139,654
26,752
57,936
38,547
2,247
-800
35,504
-
from mutual funds
(1) Combined statement for households, farm business,
and nonfarm noncorporate business.
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
(2) Includes corporate farms.
DECEMBER 1988
Discrepancies
Discrepancies
67
Discrepancies - Summary for Sectors and Transactions
ANNUAL FLOWS, 1970-81
ANNUAL FLOWS, 1970-81
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
8,945 -6,863
-315 -21,385 -2,929
-5,623 -20,102 -l ,699 -4,677
2,963
4,185 17,lOS -10,521 -42,105 -17,278
-470 -5,894
2.321
8,021
6,332
S,84S
4,966
5,146
4,644 -1,790
5,798 -7,843
7,644 23,309 18,251
23,872
-6,534
-7,724
6,254
8,796
16,822
Sector Discrepancies
l Total, all sectors
2
Households
3
Nonfin. corporate business
4
State and local governments
5
U.S. government
6
Foreign
7
4,663
2,175
-1,914
2,901
3,834
5,637
148
4,986
-1,665
-746
-1,828 -11,748
6,575
2,834 lO,008
7,332
-9,835 -13,876 17,458 -13,113
1,887
8,328 25,532 -12,044
233
1,235
3,346
-416
1,621
2,264
-72
2,765
-4,085 -4, 325 -6,920
2,443
5,165
42
369
2
3,732
-42
-764
4,740
9
10
Financial sectors
Sponsored credit agencies
Monetary authority
Commercial banks
-us
13,547
32
4,911
3,753
4,776
1,450
4,890
11
12
13
14
15
16
Private nonbank finance
Savings and loan assns.
Mutual savings banks
Life insurance
Other insurance
Finance n.e.c.
l,l.3S
144
105
138
-873
1,621
-2,610
257
-159
385
-1,066
-2,027
418
-214
-230
7
-608
1,463
-1,220
-21
-77
-437
74
-759
470
-119
74
-7
1,061
-539
8
-so
-381
3
3,390
43
9,867
6,071
4,028
-212
3,867
-232
-83
-300
-888
5,370
-5,985
-485
-178
504
-2,854
-2.972
-45
-841
-259
1,349
-1,589
1,295
-3,064
-614
-43
1,545
-796
-3,156
-3,917 -ll,508 -13,181
70
248
548
-3,716
-2,852
l
2
3
4
5
6
3,562
669
7
8
9
15,837 10
-7,109 -9,103 -10,248 11
-733
226
-842 12
37
-236
-388 13
-532
-91
l,145 14
1,072
1,888
668 15
-6,953 -10,890 -10,831 16
Transaction Discrepancies
l Total, all types
4,663. 2,175
2
Treasury currency
-79
12
3
646 -1,049
Interbank claims
4
Security RPs
-1,859
1,557
Cneckable deposit mail floats:
5
U.S. government
-1,030
-373
6
Other
139
2,165
2,834
-153
-4,614
1,514
10,008
19
612
3,262
6,575
-91
2,486
6,353
7,332
-129
-3,754
3,037
8,945
-113
-861
7,734
577
4,684
250
-360
-65
439
42
1,641
-858
586
7
8
9
10
11
12
Trade credit
Profit taxes payable
Miscellaneous
Nonfinancial
Nonfinancial co11ponents:
NIPA discrepancy
Pvt. wage acer. less disb.
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
-833
-497
7,937
239
-1,428
855
3,394
-2,958
-2,942
1,132
1,432
1,204
1,646 -2,452
2,295
1,676
-1,400 -12,120
9,730
4,303
3,929
77
4,979
-2,490
-1,107
1,867
375
-1,591
-325
-4,278
-25
-1,730
2,490
-6,863
-261
-315 -21,385
-26
-150
185 -1,716
9,600
2,077
-2,929
-177
-3,508
7,414
23,872
-205
-3,024
-481
1
2
3
4
1,319
-52
-1,092
2,297
-243
4,096
5
-7,156 -14,929 -12,439 -13,795
1,403
2,556
74
4,365
11,811
7,268
-857 -13,269
-3,601
8
1,896
-164
-8,055
3,174
3,093
-6,075
4,949 7
-904 8
24,900 9
-5,216 10
4,923
4,123 11
12
3,601
-5,422
3,233
1,378
1,788
-8
-759
-471
-1,896
-976
-
6
DECEMBER l 988
Discrepancies
Discrepancies
68
Discrepancies - Summary for Sectors and Transactions
ANNUAL FLOWS, 1982-87
1982
ANNUAL FLOWS, 1982-87
1984
1983
1985
1986
1987
Sector Discrepancies
8,406 -2,955 -22.296 16,660 24,952 -3,776
800 -35,504
2 -26,752 -57,936 -38,547 -2,247
3 -4,919 34,517 -10,131 23,897 37,900 37,484
4
109
3,928
3,520
-361 -10,897 -10,597
8,643
3,362 10,123 13,281
5
2,946 13,871
9,298
5,100 19,081 10,161
8,978
6 31,859
Total, 1111 sectors
Households
Nonfin. corporate business
State and local governments
U.S. government
Foreign
-2,671 -11,638 -12,095 -43,464 -46,218
297
781
90
1,689
117
-4,162 -12,493 -24,202 -13,2:S6
Financial sectors
Sponsored credit a9encies
Monetary authority
Commercial banks
10
-2,579 -10,867
156 -7,744
-810
-2,837
-8,922 -7,285
1,452
-3,183
3,520
12,207
Private nonbank finance
Savin9s and loan assns.
Mutual savings banks
Life insurance
Other insurance
Finance n.e.c.
12
13
14
15
16
7
8
9
10
11
12
13
14
15
16
-1,422
334
6,029
11,831
-5,435 -10,200
-1,447
l, 113
-l,159 -1,688
-1,274 -2,175
49 -1, 756
-1,604 -5,694
-1,574
2,768
-576
777
-310
-4,233
3,604
4,578
-683
-5,125
706
4,128
Transaction Discrepancies
l
2
3
4
8,406
-204
-861
-5,088
5
349
-1,828
7
12,553
-1,021
4,4;;1
75
6
8
9
10
11
12
-75
-2,955 -22,296 16,660
-247
-221
-133
7,003
-9,981
6,404
-3,961 -2,870 -13,626
24,952
-26
-1,095
5,815
-3, 776
-141
-5,178
-8,073
467
-1,855
1,332
2,770
-603
-8,914
-26
434
-4,675 -20,260
421 -2,829
4,180
16,580
-5,325 -5,400
10,079
4,650
49
4,650
1,582
2,625
5,325
5,400
MILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1,477 -22, 195
31
1,740
12,858 23,347
13,700
8,025
-4,650 -13,700
-8,025
---------------
Total, all types
Treasury currency
Interbank claims
Security RPs
Checkable deposit 111811 floats:
U.S. government
Other
Trade credit
Profit taxes payable
Miscellaneous
Nonf1nancial
Nonfinancial com�onents:
NIPA discrepancy
Pvt. wa9e acer. less disb.
1
2
3
4
5
6
7
8
9
11
l
2
3
4
5
6
7
8
9
10
11
12
All Sectors-Financial �ts and Liabilities, December 31, 1987
Amounb outstandiq in billions of dollan
Financial secton
Priv&le donatic oonflllUICial secton
Sector
Transaction category
Households
1. Total ftnandal -'I .. ................... 11169.3
2. TotalllablOOes ............. · · · · · · · · · · · · ·
3. Gold and SDRs...........................
4. 1.M.F. position ...........................
5. Official foreign exchanae . . . . . . . . . . . . . . . . . .
6. Treasury currency and SOR c:ertificates ......
L
A
2934.1
2137.1
482.4
482.4
11. Sma ll time and savings deposits .............
12. Money market fund shares ...............•.
2 0 17.4
2 77.6
13. Larae time deposits ................ ·.•...•.
14. Federal funds and security RPs . . . . . . . . . . . . .
15. Deposits abroad ....······················
85.1
16. Life insurance reserves .........
17. Pension fund reserves .....................
1 8. Interbank claims ..........................
300.3
2 2 48.2
19. Mutual funds shares .......................
2 0. Other corporate equities ···················
409.1
16 9 7.8
2 1. Credit market instruments ..................
2 2. U.S. Treasury securities ···········
2 3. Federal agency securities .................
2 4. Tax�xempt securities_ ....................
2 5. Corporate and foreign bonds ...........•..
2 6. Mortp1es ................• • ••••••••••·
2 7. Consumer credit ........................
2 8. Bank loans n.e.c . .......•........
2 9. Open-market paper ......................
3 0. Other loans .................
1158.9
5 2 3.3
140.4
2 49.8
85.3
86.3
3 1. Security credit ···························
3 2. Trade credit ...........................•.
3 7.2
3'36.0
559.0
Tocal
A
511.2
13166.1
A
L
7451.9
1074.9
73.9
2 2 84.9
1 70.6
183.6
183.6
19.4
2 1 5.7
76.3
2 1.6
19.1
19.1
685.1
6 8 5.1
6.8
2 0 2 4.2
2 9 7.1
5 5.2
64.6
3 5 6.0
141.0
11.6
2 2.4
78.2
19 2 6.6
696.9
47.4
8 7.4
49.7
3 3.4
2 6 1.3
8 7.7
1.3
10.5
50.5
41.6
2 950.9
116.2
764.1
990.0
169.7
92.3
8.0
5 5 4.7
5 2 9.3
9 4.7
69.6
609.3
73.8
3 9 7.4
25.3
728.9
594.0
26.5
35.5
15.1
364.8
6 19.3
3 5 5.7
48.4
1785.0
780.7
2 3 4.0
2 6 8.4
85.3
2 3 1.6
41.6
10.3
11.4
7.4
19.2
42.0
12.9
43.2
10.8
189.5
-1.8
723.7
764.1
2 9 1 6.6
696.9
5 2 8.2
3 1 6.0
244.3
15 7.6
81.6
2 3 5.4
0
49.1
656.7
73.8
5 1 0.1
45.2
9.4
2 3.3
41.2
9 8.1
186.3
3 7.2
728.9
49.7
6 5 3.9
0
29.1
0
1 3.2
3 4.0
48.4
35.5
3 70.7
19 5 9.2
19 5 4.1
5.1
39.9
3 3 5.4
17.9
L
A
9947.2
1094.7
lNl.4
8 3 9.4
789.7
22.4
2 7.4
12.9
19.0
2 0 3 8.8
3 16.1
146.3
1 3 8.6
21.6
544.2
3 18.1
71.3
78 5 9.5
8 8 6.7
763.3
455.4
9 3 8.3
2 6 3 9.1
6 5 5.3
720.8
2 8 5.8
5 14.8
75.5
35.7
A
L
A
216.1
216.l
L
2743.4
1.6
1.6
2 1 1.4
2 0 5.4
.3
5.8
30.9
2.7
2.7
1.3
2 8 9.5
2 0 5 8.7
4.6
45.8
66.6
66.6
702.1
A
2705.l
6093.6
1021.S
1862.6
1044.1
1 3.2
.I
3 3 5.5
3.0
86 1.9
1 0 2 6.5
10 2 1.S
40.8
3 2 3.8
138.0
168.8
5.0
2 3 09.6
2 0 1.2
142.5
173.7
71.3
5 9 1.2
3 3 5.1
720.8
13.0
2 3 0.1
2 2 2.6
7.6
0
0
60.9
L
A
5167.6
1 106.0
61.9
10.2
8.0
330.1
20279.5
2 1.4
11.3
13.l
2 3.2
11.3
13.1
19.2
-50.6
I.
l
3.
4.
-4.0
5.
6.
7.
8.
9.
6.0 10.
80 2.7
758.9
2 2.4
2 1.4
8 3 9.4
789.7
22.4
2 7.4
996.1
12.9
19.0
1042.7
316.1
2 0 3 8.8
3 16.1
2 0 3 8.8
3 16.1
11.
12.
3 76.5
2 16.6
146.3
106.4
2 1.6
16 7.7
10 1.5
5 44.2
2 9 2.5
43.2
544.2
3 18.1
43.2
13.
25.6 14.
15.
2 8 9.5
2 0 5 8.7
300.3
2248.2
69.5
300.3
2 2 48.2
45.8
16.
1 7.
-2 3.7 18.
39.6
9 8 2.1
460.1
460.1
2 8 5 3.2
460.1
19.
2 0.
42 75.7
449.8
6 1 3.1
2 8 1.7
8 6 7.1
1186.0
3 2 0.2
649.3
499.4
22.1
2 1.6
-20.8
186.8
77.0
109.8
272.7
2 8 5.0
41.1
35.7
.4
18.1
254119.6
A
L
8 4.9
84.9
3 4.4
6 3.0
3.2
F loats
and
discrq,ancies
All
sccton
69.5
69.5
543.1
460.1
1.6
1.2
Priv&le
IIOllbank
flllUICC
Commercial
bankin&
I I.I
-.1
5.7
2 3.2
73.8
73.8
-8.8
268.8
L
Mooeiary
authority
I I.I
-.1
5.7
23.2
39.6
9 8 2.1
173.4
6 3 42.1
10217.1
21.4
143.5
2284.9
789.9
2219.9
1.7
420.6
169 7.8
11.5
330.7
A
21.4
2 2.4
300.3
2248.2
2 8 3 6.6
'60.5
Spomored
qencies and
mtg. pools
Tocal
L
A
L
11.3
13.1
• This observation rounds to 0
1. Includes fanns and unincorporated bu1inesses which are not shown separately.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
L
A
U.S.
pemment
Forcip
aector
·······
,
7. Checkable deposits and currency ............
8. Private domestic .....................•..
9. Foreign ...............................
10. U.S. government . .......................
3 3. Taxes payable ............................
3 4. Equity in noncorporate business .............
3 5. Misc:ellaneous ............................
Buaineu 1
L
A
Stale
and local
aovemmcnts
406.3
343.7
3 6.8
30.8
2 1.
10408.1 10408.1
2 2.
1 9 5 4.1 19 5 4.1
2 3.
10 2 6.7 10 2 6.7
2 4.
723.7
723.7
2 5.
2 5 8.4 118 1.2
118 1.2
3.0
2 9 19.7 2 9 19.7 ....... 2 6.
2 7.
696.9
696.9
2 8.
720.8
40.8
720.8
2 9.
43 8.8
2 14.0
43 8.8
30.
746.3
133.1
746.3
63.0
3.2
112.7
827.7
112.7
710.2
1.2
39.6
2 2 8 4.9
1778.7
3 7.l
6 2 9.7
1813.3
3 1.
-117.5 3 2.
3 3.
-2.5 3 4.
3 5.
3 4.6
Private Nonbank Finance-Assets and Liabilities, December 31, 1987
Amol/nts oul5Wldina in billions of dollan
Sector
Transaction category
I. Total-'5 ... . . . . . . . . . . . . . . . . . . . . . . . .
2. Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . .
Total
A
6093.6
L
A
5867.6
69.5
12.9
19.0
1042.7
3 16.1
6. Large time deposits
146.3
167.7
7. Federal funds and security RPs ..
8. Deposits abroad ..........................
106.4
2 1.6
101.5
Checkable deposits and currency .....
4. Small time and savinas deposits
5. Money market fund shares
).
9. Life insurance reserves . . . . . . . . . . . . . . . . . . . .
10. Pension fund reserves ...........
11. Mutual fund shares......
12. Other corporate equities . . . . . . . . .
13. Credit market instruments ....... ...•.......
14. U.S. Treasury securities ..
15. Federal agency securities .....
16. Tax�xemp1 securities....................
'17. Corporate and foreign bonds ..............
........................
18. Mortgages ..
19. Consumer credit ........................
Bank
loans
n.e.c
.
.......•....
2 0.
2 1. Open-market paper ......•....
2 2. Other loans
2 3. Security credit
2 4. Trade credit ...
2 5. Taxes payable..................•........
2 6. Miscellaneous ................
"This observation rounds to 0
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Mutual
savings
Savings
and loan
associations
84.9
L
1262.6
1217.6
banks
A
L
263.0
239.4
L
A
181.8
26.8
130.6
4.0
12.9
.I
44.8
14.5
4.4
2 2.8
4 0.5
7 6 5.7
5.8
7.3
121.0
2 7.3
8 4.7
15.0
Life
insurance
companies
Credit
unions
L
A
181.8
1002.l
17.6
146.5
4 2 7 5.7
449.8
6 13.1
2 81.7
8 6 7.1
1186.0
3 2 0.2
8.5
7.2
11.9
2 14.0
13 3.1
41.1
3 5.7
6 3.0
3.2
3 4 3.7
6 2 9.7
1.2
23.4
2 3.8
181.1
16.1
3 2.0
133.1
999.7
State and
local govt.
retirement
funds
Other
insurance
companies
Finance
companies
Real estate
investment
trusts
A
A
A
A
L
520.0
520.0
28.9
8 2.0
16.4
391.8
273.2
451.4
L
499.9
A
L
10.7
8.3
9.7
L
460.1
460.1
6.9
316.1
2 4.7
14.8
14.5
10.3
15.8
815.9
3 5 6.2
66.6
3 2 6.6
112.9
157.4
5.7
141.7
15.4
2 5 8.1
4 7.8
2 4.0
126.8
55.9
.8
18 1.7
441.6
54.6
4.9
65.4
168.7
7 1.0
64.0
101.9
103.1
7.1
L
103.1
I.
2.
3.
4.
5.
6.
7.
8.
- 6.0
9.
10.
66.3
.6
117.3
131.0
5 2 0.0
172.6
n.1
A
L
3 9.3
21.6
2 0 7.6
3 5 7.0
137.I
6.9
8.1
6.9
2.1
3.0
7.3
2 12.6
1.5
1.4
460.1
.I
2 7 3.I
.2
142.8
3.8
.2
II.
10.7
2 7 1.6
99.2
3 4.9
7 0.7
5 4.2
2 14.0
14.3
2 7.0
61.4
12.6
111.3
3 5.7
140.4
316.l
A
3 16.1
460.6
2 6.9
5 3.6
L
CMO
issuers
33.6
1·3.3
8 3.2
5 5.5
A
-.3
18.5
999.7
2 6.2
Security
brokers and
dealers
Money
market
funds
Mutual
funds
26.2
5 7.1
6 7.0
10.7
3 8 8.3
212.4
8.8
L
5.5
2.3
9.2
...... .....
130.9
11.2
2 3 0.8
10.5
3 5.7
2.0
14.5
138.5
13.2
L
7 2.3
1.9 . . . .
7.0
649.3 10 7 2.6
21.2
2 0 1.3
....
1.0
3 7.6
258.4
708.0
3.0
5 6.3
272.7
2 8 5.0
999.7
2 8 9.5
5 3 8.9
460.1
40.8
A
4.9
2 8 9.5
2 0 5 8.7
3 9.6
9 8 2.1
'46.3
Private
pension
funds
7.9
12.
4 7.4 . . . .
9.1
103.1
103.1
8.2
18.8
11.2
103.1 13.
14.
15.
16.
103. I 17.
18.
19.
2 0.
21.
22.
4 1.1
63.0
3.2
23.
24.
24.7
4 1.3
.4
25.
26.
DECEMBER 1988
Credit Market Dtbt
Credit Harktt Debt
71
Summary of Credit Market Debt Outstanding
YEAR END OUTSTANDINGS, 1970-81
1970
1971
1972
1973
---------
1974
1975
1976
YEAR END OUTSTANDINGS, 1970-81
1978
1977
1979
1980
1981
Credit Market Debt Owed by Nonfinancial Sectors
Total credit market debt owed by
l do1ustic nonfinan. sectors
1423.3 1560.4 1717.2
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
U.S. government
Treasury issues
Agency issues & mortgages
Private domestic
nonfinancial sectors
Debt capital instruments
Tax-exem:>t obligations
Corporate bonds
Mortgages
Home mortgages
1901.l
2071.9
2256.9
2496.5
2814.0
3179.8
3563.3
3905.9
4276.3
300.8
291.2
325.7
317.3
349.l
339.4
9.6
360.8
351.5
9.4.
446.3
437.3
8.9
515.8
506.4
9.3
572.5
564.l
8.4
6:!6.2
8.5
340.8
331.5
9.3
663.6
658.0
742.8
737.8
5.0
830.l
825.6
4.5
2
3
4
1122.4
1234.6
1376.4
1552.0
1711.0
1810.6
1980.7
2241.5
2553.6
2899.8
3163.2
3446.2
5
779.7
864.4
962.9
1063.3
191.2
206.9
1160.7
207.7
226.6
1261.3
1384.5
239.5
276.6
1558.0
261.4
299,5
1759.9
289.7
320.6
1974.2
320.l
337.9
21E5.0
350.3
365.6
2320,0
373.7
388.3
6
665.2
403.3
91.4
130. 7
726.4
437.4
98.3
145.8
44.9
783.6
47.;,9
98.9
158.0
868.4
997.l
632.7
112.3
188.l
1149.5
742.8
123.5
210.5
72.8
1316.3
861.0
133.6
235.0
1449.l
956.3
141.2
254.2
97.5
1557.9
1033.4
141. l
276.2
107.2
10
11
12
13
550.4
549.3
215.5
207.6
596.3
683.6
925.5
329.8
352.8
24.5
218.5
998.l
366.3
355.4
28.0
248.4
1126.3
414.3
372.3
42.7
296.9
14
15
16
17
18
9.6
144.4
166.8
468.5
Multi-family resid.
294.4
58.4
Other debt instruments
Bank loans n.t.c.
Consumer credit
Commtrcial paper
Other
Commercial
Farm
BY borrowing stctor:
Stat!! & local govtrn111tnts
Houstholds
22
23
24
25
Nonfinancial business
Farm
Nonfarm noncorporate
Corporate
26
27
28
29
30
Foreign crtdit market debt
held in U.S.
Bonds
Bank loans n.e.c.
Commercial paper
U.S. govt. & other loans
31 Total nonf1nan.domest1c & fgn.
161.8
185. 6
517.1
320.9
176.5
197.8
588.6
85.3
30.5
68.4
95.4
32.4
360.3
81.l
111.9
342.8
134.2
134.0
7; l
67.4
370.2
142.6
149.7
6.2
71.7
413.5
159.l
168.8
7.0
78.7
488.7
197.0
193.5
1122.4
10.2
471.8
1234.6
166.9
550.8
501.5
47.6
101.5
352.4
52.1
14.1
516.9
51.6
121.6
377.7
35.4
39.8
2�3.8
253.8
49.9
539.5
103.9
169.6
55.4
63.9
619.2
7.0
5.6
86.8
9
116.6
218.5
230.4
11.0
136.2
244.6
267.2
12.8
159.0
793.7
283.l
312.3
15.5
182.8
1711.0
207.9
704.0
1810.6
220.2
750.4
1980.7
233.5
838.4
2241.5
243.9
974.5
2553.6
260.5
1138.3
2899.8
278.l
1310.4
3163.2
295.3
1430.2
3446.2 19
302.1 io
1548.8 21
799.2
73.3
208.l
517.8
839.9
82.l
225.0
532.8
908.8
92.2
246.5
570.2
1023.l
105.9
278.6
638.6
1154.8
172.3
467.4
122.2
326.5
706.l
1311.3
145.7
392.0
773.5
1437.7
161.5
447.8
828.4
1595.3 22
177.8 23
492.2 24
925.4 25
95.3
26.5
21.6
0.6
46.6
l 15.8
35.l
28.4
1.3
51.l
129.3
40.l
31.4
1.8
55,9
157.6
44.l
49.9
2.9
60.6
172.4
47.8
53.0
4.6
67.l
196.6
49.0
64.8
7.0
75.8
2352.2
2612.3
2943.4
3337.3
3735.7
4102.5
229.3
8.4
89.9
202.5
12.5
106.1
1376.4
181.4
577.6
1552.0
193. 3
653.6
617.4
56.8
151.4
409.2
705.l
65.4
56.6
5.8
15.0
7.3
61.l
16.0
10.4
67.4
17.0
13.l
81.2
19.4
17.8
32.2
34.3
34.7
37.3
43.9
1475.3
1616.9
1778.3
1968.5
2153.l
0.2
9.6
----------------
220.1
54.5
67.8
10.8
87.0
26
27
28
29
30
4496.4 31
---------
Credit Market Debt Owed by Financial Sectors
Total credit market dtbt owed
by financial sectors
7
8
120.4
131.0
154.3
201.3
249.3
260.6
282.7
333.7
406.4
497.6
563.0
664.9
43.6
38.9
4.8
49.5
40.0
9.5
57.9
43.5
14.4
77.9
59.8
18.0
98.6
76.4
21.5
0.7
108.9
78.8
28.5
1.6
123.1
81.2
40.7
145.5
88.2
56.8
0.5
182.6
111.3
70 .4
0.9
231.8
135.5
94.8
1.5
276.6
159.9
114.0
2.7
324.0
190.4
129.0
4.6
76.8
21.0
0.5
11.5
33.l
10.6
81.4
25.9
o.7
13. l
33.8
7.9
96.3
33.0
1.2
19.5
34.7
8.0
123.4
37.4
1.5
27.8
41.7
15.l
151.7
47.4
2.0
28.l
56.4
17.8
159.6
53.9
25.0
62.5
15.9
188.2
65.8
2.4
24.6
75.l
20.2
223.8
73.7
2.0
26.4
89.l
32.7
265.8
79.1
2.0
26.9
115.9
41.8
286.4
80.8
1.9
25.9
128.8
49.0
340.9 6
85.2 7
1.9 8
27.l 9
161.5 10
65.2 11
12 Total, by sector
13
Sponsored credit agencies
14
Mortgage pools
150.7
40.5
1.6
31.6
55.l
21.8
120.4
38.9
4.8
131.0
40.0
201.3
59.8
18.0
249.3
77.1
21.5
260.6
80.3
28.5
282.7
82.4
40.7
333.7
88.7
56.8
406.4
112.2
70.4
497.6
137.0
94.8
Privett financial sectors
Commercial banks
Domestic affiliahs
Savings and loan assns.
Finance companies
RElTs
CHO Trusts
154.3
43.5
14.4
563.0
162.6
114.0
664.9 12
195.0 13
129.0 14
76.8
9.3
3.4
11.0
50.8
2.2
81.4
11.0
4.2
96.3
11.l
6.A
9.5
60.2
123.4
13,l
10.0
17.l
69.0
14.4
150.7
23.0
14.4
23.3
74.2
15.8
151.7
23.4
18.7
19.l
74.9
15.7
159.6
27.9
20.7
17.4
79.8
13.8
188.2
31.6
24.5
24.3
96.5
11.3
223.8
31.l
32.0
37.8
118.3
265.8
40.2
36.l
50.3
134.6
4.4
286.4
48.5
42.Q
57.8
133.3
3.9
340.9
60.1
52.0
73.4
151.7
3.7
2
3
4
5
6
7
8
9
10
11
15
16
17
18
19
20
21
U.S. government-· elated
Sponsored crpc,l t ag. sec.
Mortgage pool securities
Loans from !..S. government
Privett financial sectors
Corporate bonds
Mortgages
Bank loans n.e.c.
Open-market paper
Fed. Hoiae Loan Bank loans
9.5
9.0
53.l
4 .1
8.8
l .2
::!.4
4.6
---------
Total Credit Market Debt Outstanding, All Sectors, by Type
Total credit 111arket debt
2
3
4
5
6
7
8
9
---------
-
2
3
4
5
15
16
17
18
19
20
21
1595.7
1747.9
1932.6
2169.8
2402.4
2612.8
2895.0
3277.l
3743.7
4233.3
4665.5
5161.4
343.0
144.4
201.8
470.6
373.8
161.8
226.5
519.2
397.4
176.5
246.7
591.l
425.7
191.2
261.3
667.9
457.6
207.7
286.4
729.2
552.5
223.8
327.7
786.7
636.7
239.5
365.6
871.8
716.7
261.4
405.4
1000.4
807.l
289.7
438.4
1152.3
893.2
320.l
464.9
1318.9
1016.1
350.3
495.3
1451.6
1149.l
373.7
528.0
1560.3
2
3
4
5
134.0
151.5
40.2
110.2
149.7
162.9
40.l
113.9
168.8
189.0
41.7
121.3
193.5
237.8
50.l
142.4
202.5
278.7
67.8
172.5
207.6
265.2
66.6
182.6
230.4
271.9
74.8
204.4
267.2
300.7
352.8
409.7
145.0
328.9
355.4
457.0
163.8
376.0
372.3
509.2
215.l
453.7
6
7
235.6
312.3
359.5
107.5
277.0
Selected claims not includtd above:
Security credit
24.9
Trade credit
191.5
Mutual fund shares
46.8
Other corporate equities
859.4
28.7
204.l
55.4
1003.7
37.4
229.5
58.9
1138.l
29.5
284.9
24.7
232.3
35.2
641.7
28.5
244.l
43.0
849.5
44.2
290.3
45.5
950.0
46.7
351.9
46.0
982.5
48.0
415.8
51.8
1179.5
61.9
466.8
61.8
1572.3
U.S. government securities
Tax-exempt obligations
Corporate and foreign bonds
,Mortgages
Consumer credit
Bank loans n.e.c.
Optn-market paper
Other loans
89.8
8
9
Memo:
10
11
12
13
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
46.6
901.4
39.9
262.3
46.5
1005.5
64.0 10
510.0 11
59.8 12
1504.9 13
DECEMBER l 988
Credit Market Debt
Credit Market Debt
72
Summary of Credit Market Debt Outstanding
YEAR END OUTSTANDING$, 1982-87
• 1982
1984
1983
------------------
-----·------1985
1986
YEAR END OUTSTANDINGS, 1982-87
1987
------------------
Credit Market Debt Owed bY Nonfinancial Sectors
Total credit market debt owed by
domestic nonf1nan. sectors
4654.6
5204. 3
5953.7
6797.0
7618.l
8301.3
2
3
4
991.4
987.7
3.7
1177.9
1174.4
3.6
1376.8
1373.4
3.4
1600.4
1597.1
3.3
1815.4
1811.7
3.6
1959.2
1954.1
5.2
U.S. government
Treasury issues
Agency issues & mortgages
5
3663.2
4026.4
4577.0
5196.6
5802.7
6342.1
Private domestic
nonf1nancial sectors
6
7
8
2460.2
417.9
407.0
2717.8
471.7
423.0
3040.0
522.1
469.2
3488.4
658.4
542.9
3946.4
689.2
664.2
4404 .5
723.7
764.l
Debt capital instruments
Tax-exempt obligations
Corporate bonds
6
7
8
9
10
11
12
13
1635.3
1079.8
144.8
299.4
111.3
1823.1
1200.2
158.8
350.4
113.7
2048.8
1336.2
183.6
416.5
112.4
2287.l
1490.2
213.0
478.l
105.9
2593.0
1699.6
246.3
551.4
95.8
2916.6
1908. 7
269.9
649.2
88. 9
Mortgages
Home mortgages
Multi-family resid.
Commercial
Farm
10
11
12
13
14
15
16
17
18
1203.0
464.1
388.7
37.6
312.7
1308.6
490.2
437.7
36.8
344.0
1536.9
552.9
519.3
58.5
406.2
1708.2
592.6
601.8
72.2
441.6
1856.3
658.6
656.2
62.9
478.6
1937. 6
656.7
696.9
73.8
510.l
Other debt instruments
Bank loans n.e.c.
Consumer credit
Commercial paper
Other
14
15
16
17
18
19
20
21
3663.2
323.7
1625.5
4026.4
357.7
1811.6
4577.0
385.l
2038.2
5196.6
476.9
2314.5
5802.7
520.2
2594.2
6342.1
554.7
2836.6
BY borrowing sector:
State & local governments
Households
19
20
21
22
23
24
25
1714.1
184.5
564.0
965.6
1857.l
188.4
645.8
1022.9
2153.7
187.9
769.0
1196.8
2405.2
173.4
898.3
1333.5
2688.3
156.6
1025.9
1505.8
2950.9
144.9
1141. 7
1664.3
Nonfinancial business
Farm
Nonfarm noncorporate
Corporate
22
23
24
25
26
27
28
29
30
209.9
61.l
33.8
15.1
100.0
227.3
64.2
37.4
21.5
104.1
235.l
68.0
30.8
27.7
108.6
236.7
71.8
27.9
33.9
103.0
238.2
74.8
26.9
37.4
99.l
244.3
81.6
23.3
41.2
98.l
Foreign credit market debt
held in U.S.
Bonds
Bank loans n.e.c.
Commercial paper
U.S. govt. 8 other loans
26
27
28
29
30
31
4864 .6
5431.6
6188.8
7033.7
7856.3
8545.6
2
3
4
5
9
Total nonfinan.domestic 8 fgn. 31
Credit Market Debt Owed by Financial Sectors
Total credit market debt owed
by financial sectors
758.4
857.9
1006.2
1206.2
1510.8
1862.6
2
3
4
5
388.9
205.4
178.5
5.0
456.7
206 .8
244.9
5.0
531.2
237.2
289.0
5.0
632.7
257.8
368.9
6.1
810.3
273.0
531.6
5.7
1026.5
303.2
718.3
5.0
6
7
8
9
10
11
369.5
98.3
2.0
29.0
174.2
66.0
401.2
115.8
2.1
28.9
195.5
59.0
475.0
148.9
2.5
29.5
219.5
74.6
573.4
197.5
2.7
32.1
252.4
88.8
700.5
268.4
2.7
36.1
284.6
108.6
836.l
335.5
3.0
40.8
323.8
133.1
12
13
857.9
211.8
244.9
1006.2
242.2
289.0
1206.2
263.9
368.9
1510.8
278.7
531.6
1862.6
308.2
718.3
Total, bY st•ctor
Sponsored credit agencies
Mortgage pools
12
14
758.4
210.4
178.5
15
16
17
18
19
20
21
369.5
71.8
59. 0
75.9
158.5
3.7
0.6
401.2
76.8
71.0
73.9
171.7
3.5
4.2
475.0
84.l
86.6
93.2
193.2
4.3
13.5
573.4
79.2
101.2
115.5
246.9
5.6
25.0
700.5
75.6
101.3
145.1
308.l
6.5
64 .o
836.l
82.7
104.2
181.1
357.0
8.1
103.l
Private financial sectors
Commercial banks
Domestic affiliates
Savings and loan assns.
Finance companies
REJTs
CMO Trusts
15
16
17
18
19
20
21
U.S. government-related
Sponsored credit ag. SP.•,•
Mortgage pool securiti!S
Loans from U.S. gover·.ment
Private financial sectors
Corporate bonds
Mortgages
Bank loans n.e.c.
Open-market paper
Fed. Home Loan Bank loans
2
3
4
5
6
7
8
9
10
11
13
14
Total Credit Market Debt Outstandin�, All Sectors, by Type
5623.0
6289.5
7195.0
8239.8
9367.2 10408 .1
2
3
4
5
1375.0
417.9
566.4
1637.7
1629.4
471.7
603.0
1825.4
1902.8
522,l
686.0
2051.4
2227.0
658.4
812.l
2289.8
2620.0
689.2
1007.4
2595.8
2980.7
723.7
1181.2
2919.7
6
7
8
9
388.7
526.8
226,8
483.6
437.7
556.5
253.8
512.l
519.3
613.2
305.7
594.4
601.8
652.6
358.5
639.5
656.2
721.6
384.9
692.0
696.9
Total credit market debt
U.S. government securities
Tax-exempt obligations
Corporate and foreign bonds
Mortgages
2
3
4
5
438.8
746.3
Consumer credit
Bank loans n.e.c.
Open-•arket paper
Other loans
7
8
112.7
710.2
460.1
2853.2
Selected claims not included above:
Security credit
Trade credit
Mutual fund shares
Other corporate equities
no.a
6
9
Me110:
10
11
12
13
69.8
522.0
76.9
1720.9
83.4
565.8
112.l
2021.9
87.9
609.4
136.7
2021.5
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
131.2
656.6
240.2
2584.3
141.l
670.2
413.5
2948.5
10
11
12
13
DECEMBER 1988
Credit Market Supply of Funds
73
VEAR END OUTSTANDINGS,
---------------
Credit Market Supply of Funds
su-ary of Credit Market Claims, by Holder
VEAR END OUTSTANDINGS, 1970-81
1970-81
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
Total credit market debt clai■s a9ainst
dom. nonf1nanc1al sectors
1423.3 1560.4
1717.2
1901.1
2071.9
2256.9
2496.5
2814.0
3179.8
3563.3
3905.9
4276.3
1970
By Federal a9encies and fore19n
198.8
88.1
28.3
10.6
71.8
240.9
121.5
35.3
7.9
76.1
261.5
130.3
42.3
8.0
81.0
292.9
139.4
50.6
15.1
87.8
334.3
147.7
63.8
21.8
101.0
375.8
164.3
79.5
17.8
114.1
421.4
185.8
91.8
15.9
127.9
500.9
224.3
111.8
20.2
144.6
596.3
260.4
137.5
32.7
165.8
666 .4
250.8
174.6
41.8
199.1
764.5
269.9
206.3
49.0
239.3
871.1
288.6
229.8
65.2
287.6
7 By type of lender:
198.8
58.2
U.S. government
8
48.7
9
Spons. credit a9.& 111t9.pools
62.2
10
Honetary authority
11
29.7
Foreign
A9ency and fore19n debt not in line 1:
12
Spons. credit a9.& 111t9.pools
43.6
Foreign
52.1
13
240.9
60.3
54.5
69.6
56.5
261.5
62.2
63.4
71.2
64.8
292.9
64.9
82.5
80.5
65.1
334.3
72.2
106.8
85.3
70.1
375.8
85.6
118.3
93.5
78.4
421.4
93.5
135.2
100.3
92.4
500.9
103.5
158.2
108.9
130.3
596.3
120.6
198.5
117 .4
159.9
666.4
139.5
252.9
124.5
149.6
764 .5
163.1
298.5
128.0
174.8
871.1 7
187.2 8
346.7 9
136.9 10
200.4 11
49.5
56.6
57.9
61.1
77.9
67.4
98.6
81.2
108.9
95.3
123. l
115.8
145.5
129.3
182.6
157.6
231.8
172.4
276.6
196.6
324.0 12
220.1 13
1425.6
252.3
Ul.8
197.6
355.4
466.4
7.9
1574.7
267.1
176.5
210.7
400.4
527.9
8.0
1753.4
286.2
191.2
220.8
445.4
625.0
15.1
1917.4
309.9
207.7
242.0
473.1
706.6
21.8
2085.2
388.1
223.• 8
275.8
497.4
718.0
17.8
2314.0
450.9
239.5
306.2
552.5
780.7
15.9
2588.0
492.3
261.4
330.4
634.1
890.0
20.2
2923.6
546.7
289.7
353.5
729.6
1036.7
32.7
3301.2
642.4
320.1
371.9
820.5
1188.1
41.8
3614.6
746.2
350.3
392.6
891.7
1282.8
49.0
3949.3
860.5
373.7
412.4
945.1
1422.8
65.2
14
15
16
17
18
19
20
21
22
23
24
25
2 Total held
3
U.S. 9overnment securities
4
Residential 111ort9a9es
5
FHLB advances to S&Ls
6
Other loans and securities
2
3
4
5
6
Private domestic holdin9s
14 Total private holdin9s
15
U.S. 9overnment securities
16
Tax-exempt obli9ations
17
Corporate & forei9n bonds
18
Residential mort9a9es
19
Other mort9a9es and loans
Less: FHLB advances
20
1320.1
254.8
144.4
178.1
326.0
427.4
10.6
Private financial inter111ediation
Credit market claims held by
private finan. institutions
Commercial bankin9
Savin9s institutions
Insurance and pension funds
Other finance
1077.1
455.3
252.3
291.7
77.8
1185.5
506.4
289.4
305 .3
84.4
1339.2
575.7
334.6
328.8
100.2
1510.9
662.4
371.6
356 .4
120.5
1652.3
738.7
396.4
389.5
127.7
1782.1
768.8
447.4
438.6
127.3
1984.4
833.2
515.8
491.2
144 .1
2240.3
924.6
594.4
558.4
162.9
2542.6
1052.6
666.2
635.3
188 .5
2852.7
1181.8
721.8
714.0
235.1
3140.4
1289.5
773.5
807.7
269.8
3467.9
1396.0
800.2
896.8
374.9
26 Sources of funds
Private domestic dep. & RPs
27
Credit market debt
28
1077.1
619.0
76.8
1185.5
709.l
81.4
1339.2
809.0
96.3
1510.9
902.6
123.4
1652.3
966.0
150.7
1782.l
1053.5
151.7
1984.4
1178.4
159.6
2240.3
1316.0
188.2
2542.6
1458.2
223.8
2852.7
1591.1
265.8
3140.4
1768.6
286.4
3467.9 26
1983.9 27
340.9 28
381.3
23.9
7.9
243.2
106.3
394.9
19.3
10.2
251.3
114.1
433.9
25.3
10.9
275.9
121.8
484.8
25.9
9.9
304.6
144.5
535.7
35.0
4.8
342.6
153.2
576.9
26.3
3.1
397.5
150.0
646.3
21.5
3.0
434.7
187.1
736.1
23.3
7.3
493.6
211.9
860.6
30.5
14.1
566.0
250.0
995.9
56.7
14.5
639.7
285.0
1085.4
31.6
11.9
724.7
317.1
1143.1
-7.9
10.8
809.0
331.1
29
30
31
32
33
822 .4
392.5
108.7
55.9
56.9
208.4
34
35
36
37
38
39
21
22
23
24
25
29
30
31
32
33
Other sources
Forei9n funds
Treasury balances
Insurance and pension res.
Other, net
Private do■estic nonflnancial investors
34 Credit 111arket clai■s
U.S. 9overn■ent securities
35
Tax-exe111pt obligations
36
37
Corporate & fore19n bonds
38
Open-111arket paper
39
Other
319.8
137.2
50.6
35.6
21.1
75.3
321.6
127.3
51.4
46.0
19.4
77.4
331.8
128.6
54.4
49.5
17.8
81.5
366.0
145.8
59.8
51.2
25.2
84.1
415.7
163.1
69.l
58.8
34.5
90.3
454.9
189.6
77.5
67.1
25.3
95.3
489.2
202.0
80.1
78.3
25.0
103.9
536.0
225.6
79.0
79.4
39.1
113.0
604.9
264.9
81.1
75.5
54.3
129.1
714.2
334.0
91.0
72.3
63. 7
153.2
760.6
362.3
97 .4
59.3
59.7
181. 9
40 Deposits and currency
41
Currency
42
Checkable deposits
669.8
50.0
163.3
763.9
53.5
173.6
869.0
57.9
189.1
967.7
61.8
199.5
1039.0
68.l
201.5
1133.6
74.4
209.5
1267.6
81.7
219.9
1414.6
89.9
236.4
1574.0
99.2
253.4
1720.0
107.1
273.1
1910.7
117.5
284.7
2133.8 40
126.9 41
303.3 42
43
44
Small ti■e and savin9s dep.
Honey ■arket fund shares
410.7
478.5
547.6
587.2
624.4
2.4
722.0
3.7
843.3
3.7
937.2
3.6
1002.8
10.0
1061.9
43.0
1144.1
71.9
1191.7 43
174.0 44
45
46
47
Lar9e ti■e deposits
Security RPs
Foreign deposits
44.7
0.2
0.8
55.9
1.1
1.2
69.6
2.7
2.2
104.7
11.3
3.3
132.2
5.5
4.9
112.6
5. 7
5.8
102.5
9.1
7.4
126.7
12.0
8.7
169.5
22.5
16.7
183.8
29.2
21.8
229.0
39.0
24.6
265.6 45
49.2 46
23.0 47
Total of credit ■arket instru■ents, deposits & currency
989.6
1085.4
1200.9
1333.7
1454.7
1588.5
1756.9
1950.6
2178.9
2434.2
2671.3
2956.2 48
49 Public support rate(%>
50 Pvt. finan. inter■ediation (%)
51 Total fore19n funds
13.5
81.6
53.7
14.9
83.2
75.8
14.7
85.0
90.1
14.9
86.2
91.0
15.5
86.2
105.0
16.0
85.5
104.7
16.1
85.8
113.9
17.0
86.6
153.5
17.9
87.0
190.5
17 .8
86.4
206.3
18.6
86.9
206.5
19.4 49
87.8 50
192.5 51
48
Corporate Equities Not Included Above
1 Total ■arket value
Mutual fund shares
2
3
Other equities·
906.2
46.8
859.4
1059.2
55.4
1003.7
1197.1
58.9
1138.l
948.1
46.6
901.4
676.9
35.2
641.7
892.5
43.0
849.5
1052.0
46.5
1005.5
995.5
45.5
950.0
1028.6
46.0
982.5
1231.3
51.8
1179.5
1634.1
61.8
1572.3
1564.7
59.8
1504.9
1
2
3
4
5
151.2
755.0
19'.7
8'2.5
238.9
958.2
206.5
741.5
160.l
516.7
219.0
673.6
253.7
798.2
246.1
749.4
280.9
747.7
325.0
906.S
404.6
1229.5
394.6
1170.l
4
5
Acq. by financial inst1tutio
Other holdinlS
Line notes: Cl): Table 522, L.l.(6): Includes far■ and co-ercial ■ort9a9es.
<12>:
Credit ■arket funds raised by federally sponsored credit a9encies and
net issues of federally related ■ort9a9e pool securities.
<14>: Line 1 less
line 2 plus lines 12 and 13.
Also line 21 less line 28 plus line 34.
Also su■ of lines 29 and 48 less lines 41 and 47. Cl9>: Includes far■ and
co-ercial ■ort9a9es. (27>: Line 40 less lines 41 and 47. <28>: Excludes
equity issues and invest■ent co■pany shares. Includes line 20. <30>: Forei9n
depos1ts at co-ercial banks, plus bank borrowin9s fro■ foreisn branches,
and liabilities of forei9n bankins offices to forei9n affiliates, net
of clai■s on foreisn affiliates and deposits by banktns in forei9n banks.
<31> 1
De■and
deposits and
note
balances
at
co-ercial
banks.
Excludes invest■ent of these reserves in corporate aquities.
<32> 1
Hainly
rat•inad
aarninss and net ■iscallanaous liabilities.
<33>:
CS4>: Lina 14 less line 21 plus Una 28. CSS-39): Lines 15-19 less aaounts
acquired by private finance plus a■ounts borrowed by private finance.
Lina 39 includes ■ort9a9as. C41J: Mainly an offset to line 10.
(48>: Lines
34 and 40. Also line 14 lass line 29 plus lines 41 and 47. (49):
Lina 2/
Clines 1 • 13).
(50): Lina 21 / Una 14.
(51): Lina 11 plus Una SO.
Includes issues by financial institutions.
Corporate Equitiau
Cl-SJ:
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
DECEMBER l988
Credit Market Supply of Funds
Credit Market Supply of Funds
74
Direct and Indirect Sources of Funds to Credit Markets
VEAR END OUTSTANDINGS. 1982-87
VEAR END OUTSTANDINGS, 1982-87
1984
1986
1987
1985
1983
1982
---------------------------------------------------4654.6
5204.3
5953.7
6797.0
7618.l
8301.3
2
3
4
5
6
984.0
310.0
290.8
66.0
317.l
1101. 7
339.0
367.o
59.0
336.8
1259.2
377.9
423.5
74.6
383.1
1459.4
421.8
518.2
88.8
430.6
1759.3
491.2
678.5
108.6
481.0
2037 .8
559.4
862.0
133 .1
483.4
7
8
9
10
11
203.l
412.2
144.5
224.l
984.0
1101.7
212.8
482.0
159.2
247.7
1259.2
229.7
556.3
167.6
305.6
1459.4
247.6
657.8
186.0
367.9
1759.3
254.3
833.9
205.5
465.7
2037.8
235.4
l 044.1
230.l
528.2
12
13
388.9
209.9
456.7
227.3
531.2
235.l
632.7
236.7
810.3
238.2
1026.5
244.3
14
15
16
17
18
19
20
4269.5
1064.9
417.9
427.l
934.l
14�1.5
66.0
4786.6
1290.4
471.7
441.7
992.2
1649.6
59.0
5460.8
1524.9
522.1
476.8
1090 .5
1915.2
74.6
6207.0
1805.2
658.4
517.6
1185.l
2129.5
6907.3
2128.7
689.2
601.7
1267.4
2328.9
108.6
7534.2
2421.3
Total credit market debt claims a9ainst
dom. nonfinancial sectors
By Federal a9encies and forei9n
Total held
U.S. 9overnment securities
Residential mort9a9es
FHLB advances to S&Ls
Other loans and securities
By type of lender:
U.S. 9overnment
Spons. credit a9.& ■t9.pools
Monetary authority
Forei9n
A9ency and forei9n debt not in line l:
Spons. credit a9.& mt9.pools
Forei9n
2
3
4
5
6
7
8
9
10
11
12
13
Private domestic holdin9s
88.8
723. 7
688.l
1316.7
2517.4
133. l
Total private holdin9s
U.S. 9overnment securities
Tax-exempt obli9ations
Corporate & forei9n bonds
Residential mort9a9es
Other 11ort9a9es and loans
Less: FHLB advances
14
15
16
17
18
19
20
Private financial inter■tdiation
21
22
23
24
25
3716.8
1477.8
808.8
993.4
436.9
4111.2
1622.l
944.0
1093.5
451.6
4691.0
1791.l
1092.8
1215.3
591.7
5264.4
1978.5
1178.4
1364.2
743.4
6009.5
2173.2
1283.0
1546.0
1007.3
6585.2
2309.6
1434.2
1756.9
1084.6
Credit market claims held by
private finan. institutions
Commercial bankin9
Savings i nsti tuti ons
Insurance and pension funds
Other finance
21
22
23
24
25
26
27
28
3716.8
2179.2
369.5
4111.2
2389.8
401.2
4691.0
2711.5
475.0
5264.4
2922.l
573.4
6009.5
3182.6
700.5
6585.2
3328.8
836. l
Sources of funds
Private domestic dep. & RPs
Credit ■arket debt
26
27
28
29
30
31
32
33
1168.l
-37.4
16.9
922.5
266.2
1320.2
-23.0
11.5
1036.l
295.6
1504.5
-14.l
15.5
1160.8
342.2
1768.9
25.8
1289.5
448.0
2126.4
18.6
27.5
1427.9
652.5
2420.4
62.2
21.6
1592.2
744.3
34
35
36
37
38
39
922.2
457.6
131.2
53.5
53.0
227.o
1076.6
548.6
170.0
45.4
68.4
244.3
1244.8
665.6
196.3
44.5
268.0
1516.0
830.7
235.9
47.6
118.0
283.8
1598.3
881.2
222.3
80.l
115.0
299.7
1785.0
1014.7
268.4
85.3
143.5
273.2
Credit market claims
U.S. 9overnment securities
Tax-exempt obli9ations
Corporate & forei9n bonds
Open-■arket paper
Other
34
35
36
37
38
39
40
41
42
2338.4
136.6
322.0
2566.4
l!",0.9
350.9
2891.7
159.6
378.8
3112.5
171.9
419.7
3393.4
186.3
512.9
3555.7
205.4
510.5
Deposits and currency
Currency
Checkable deposits
40
41
42
43
44
1327.S
208.5
1542.9
169.5
1693.5
218.5
1831.9
227.3
1948.3
268.9
2024.2
297.l
45
46
47
256.0
65.3
22.6
247.7
78.8
25.7
332. l
339.8
103.3
18.5
328.4
124.l
24.5
356.0
141.0
21.6
48 3260.6 3643.0
4136.5
4628.5 4991.7
5340.8
5.6
Other sources
29
Forti sn funds
30
Treasury balances
31
Insurance and pension res. 32
Other. net
33
Private domestic nonfinancial investors
49
so
51
20.2
87. l
186.6
20.3
85.9
224.7
72.4
88.7
20;6
20.3
85.9
291.5
20.7
84.8
373.5
22.4
87.0
484.2
23.8
87.4
590.5
S111all time and savin9s dep.
Honey ■arket fund shares
43
44
Lar9e time deposits
Security RPs
Forei9n deposits
45
46
47
Total of credit market instruments. deposits & currency
48
Public support rate 1%)
49
Pvt. finan. intermediation 1%) 50
51
Total forei9n funds
Corporate Equities Not Included Above
2
3
1797.8
76.9
1720.9
2134.0
112.1
2021.9
2158.2
2824.5
2021.5
2584.3
240.2
3362.0
413.5
2948.5
3313.4
460.l
2853.2
4
5
478.3
1319.S
612.0
1522.0
615.6
1542.6
800.0
2024.5
972.2
2389.8
Acq. by financial institutions
1021.7
2291.7
Other holdin9s
Line notes: 11): Table 522. L.l. (6): Includes farm and commercial 11ort9a9es.
(12):
Credit market funds raised by federally sponsored credit a9encies and
net issues of federally related mort9a9e pool securities.
114): Line 1 less
line 2 plus lines 12 and 13.
Also line 21 less lint 28 plus line 34.
Also su■ of lines 29 and 48 less lines 41 and 47. (19): Includes farm and
commercial mort9a9es.
(27>: Line 40 less lines 41 and 47. (28)1 Excludes
equity issues and invest111ent company shares. Includes line 20. no l: Forei9n
deposits at commercial banks, plus bank borrowin9s from fore19n branches.
and liabilities of forei9n bankin9 offices to forei9n affiliates. net
of claims on forei9n affiliates and deposits by bank1n9 in foreisn banks.
(31):
Demand
depos1 ts and
note
balances
at
co-ercial
banks.
(32>:
Excludes investment of these reserves in corporate equities.
133):
Mainly
retained
earnin9s and net miscellaneous liabilities.
(34): Line 14 less line 21 plus line 28. (35-39): Lines 15-19 less a■ounts
acquired by private finance plus amounts borrowed by private finance.
Line 39 includes ■ort9a,es. (41): Mainly an offset to lint 10.
(48): Lines
Lint 2/
34 and 40. Also line 14 less line 29 plus lints 41 and 47. (49)1
(lines l + 13).
(50)1 Lint 21 / lint 14.
(51)1 Lint 11 plus line 30.
Includes issues by financial institutions.
Corporate Equities:
Cl-3>:
1
136. 7
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total market value
Mutual fund shares
Other equities
1
2
3
4
5
DECEMBER 1988
Households
75
Households
Sector Statements of Financial Assets and Liabilities
YEAR END OUTSTANDINGS, 1970-81
YEAR END OUTSTANDINGS, 1970-81
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
Households, Personal Trusts, and Nonprofit Organizations
Total financial assets
1981
--------------
1980
2486.9
2750.9
3049.3
3086.3
3081.5
3527.9
3987.3
4322,5
4863.3
5625.2
6548.4
7035.6
790.9
543.9
118.2
410.7
861.8
622.l
130.4
478.5
945.3
706.l
142,4
547.6
1042.3
776.5
151.o
587 .2
1251.3
923.4
162.5
721.0
3.7
36.l
1384.9
1042.7
176.2
837,2
3.7
25,6
1539.8
1162 .8
192,5
932.7
3.4
34.l
1716.0
1289.6
217.5
998.4
9.4
64.2
1937.8
1420.4
250,l
1058,2
40.0
72,l
2130.4
1577.7
260.7
1140.7
64.9
111.5
2358.6
1763.l
293.6
1188,2
155.6
125,6
2
3
4
5
6
7
15.0
13.2
16.l
38.3
1145.6
839.3
157.0
624.4
2.4
55.5
8
Credit market instruments
247.0
239.7
239.2
265.8
306.4
327.9
342.2
377.l
426.4
517.4
552,6
595.5
8
9
10
11
12
13
U.S. 9ovt. securit1 es
Treasury issues
Savin9s bonds
Other Treasury
Agency issues
102,l
84.2
52.l
32.l
17.9
90.6
76.6
54.4
22.1
14.0
87.9
78.l
57.7
20.5
9.8
101.8
91.2
60.4
30.9
10.5
115.6
101.0
63.3
37. 7
14.6
131.7
121.6
67.4
54.3
10.1
134.6
125.0
72.0
52.9
9.6
149.0
140.3
76.8
63.6
8.7
175.2
159.9
80.7
79.2
15.4
238.1
202.8
79.9
122.9
35.3
259.1
218.9
72.5
146.4
40.2
294.1
249.4
68.2
181.2
44.8
9
10
11
12
13
14
15
16
17
Tax-exempt obli9at1 ons
Corporate and f9n. bonds
Mort9a9es
Open-111arket paper
46.0
35.6
51.5
11.8
46.l
46.0
48.9
8.1
48.4
49.5
49,8
3.6
53.7
51.2
48.8
10.3
61.9
58.8
52.1
17.9
68,l
67,l
55.3
5,7
69.3
78.3
59.7
0.3
67.6
79 .4
66.5
lli.5
70.2
75.5
76.0
29.5
80.6
72,3
89.4
37.o
86,9
59.3
107.0
40.3
98.0
55.9
117.3
30.l
lli
15
16
17
2
3
4
5
6
7
Dep, & er. mkt. instr. Cl>
Deposits
Checkable dep. & Curr.
Small time & sv9s. dep.
Money market fund shares
Lar9e time deposits
18
19
20
Corporate equities
Mutual fund shares
Other corporate equities
727 .2
41i .5
682.7
831.0
53.0
778.0
918.4
56.4
862.0
707.3
43.7
663.6
491.7
31.8
li59.9
637.4
38.7
598.6
754.3
41.li
712.9
708.8
40.4
668,5
705.0
41.l
663.9
857.0
44.8
812,2
1163.4
52,l
1111.3
1104,l 18
52.6 19
1051.4 20
21
22
Life insurance reserves
Pension fund reserves
130.7
21i0.8
137.l
277.9
143.9
331.3
151.3
338.0
158.4
31i5.3
166.5
444,l
175.3
507,5
184.8
560.3
196.0
661.5
206.7
767,l
216.4
916.l
225.6 21
996.9 22
23
24
25
Equity in noncorp business
Security credit
Miscellaneous assets
566.6
4.4
26.3
609.7
4.9
28,7
674.l
5.0
31,3
808.5
4.9
34.l
899.8
3.9
36.8
983.7
4.5
40.6
1113.6
5.7
46.0
1270.l
5.7
52.9
1516.8
8.5
59.5
1779.6
10.4
66.7
2033.5
16. 2
72.li
2257.2 23
14.7 24
78.5 25
26 Total liabilities
492.6
541.4
607.8
680.4
730.7
779.6
873.9
1014.3
1182.9
1358.2
1488.7
1610.8 26
27
28
29
30
471.8
290.0
105.5
28.5
516.9
314.8
118.3
31.5
577.6
353.0
133.2
35.6
653.6
396.8
155.l
38.4
704.0
431.4
164.6
37.9
750.4
469.7
168.7
38.9
838.4
529.4
188.7
41.7
974.5
619.2
223.7
43.5
1138.3
727.7
264.7
47.6
1310.4
81i6.9
300.3
52.4
1430.2
942.4
302 .1
53.3
1548.8
1020.3
315.5
56.7
27
28
29
30
19.0
7,7
20.9
20.3
9.9
22.3
21.5
10.7
23.6
0.4
22,6
14.l
26.2
1.3
23.7
15.6
29.4
2,7
24.8
14.l
31.5
4.7
25.6
14.9
33.4
8.1
26,7
17.6
35.7
10.7
28.l
20.l
39.5
13.6
29.6
21.7
45.9
16.7
31.5
29.5
54.7
21.l
33.8
35.5
65.8
31
32
33
34
10.4
5,3
13.l
6.0
17 .5
6.6
13.2
7.3
11.4
8.3
12.l
9.4
16.5
10.5
18,9
11.7
21.0
13.2
21.3
14.9
28.5
17 .2
27.5 35
19.8 36
5,l
5.4
6.0
6.4
7.1
1. 7
8.4
9.3
10.3
11.7
12.9
14.7 37
31
32
33
34
35
36
37
(l)
Credit market instruments
Home mort9a9es
Installment cons. eredit
Other consumer credit
Tax-exempt debt
Other mort9a9es
Bank loans n.e.c.
Other loans
Security credit
Trade credit
Deferred and unpaid life
insurance premiums
Excludes corporate equities.
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
DECEMBER 1988
Households
Households
Sector Statements of Financial Assets and Liabi11 t1 es
76
VEAR END OUTSTANDING$, 1982-87
VEAR END OUTSTANDING$, 1982-87
1982
1984
1983
1985
1986
1987
Households, Personal Trusts, and Nonprofit Or 9anizations
----------------
2
3
4
5
6
7
7569.8
8311.1
8816.9
9842.1 10700.1 11169.3
2585.2
1926.8
315.8
1322.5
189.4
99.0
2856.0
2107.0
342.0
1532.6
158.4
74.0
3236.9
2380.9
363.7
1685. 7
202.4
129.0
3540.0
2531.2
387.7
1829.5
214.5
99.4
3742.0
2734. 7
4n..6
1945. 7
248.7
67.6
4021.3
2862 .4
482.4
2017.4
277 .6
85.1
--------Total financial
assets
& er. mkt. instr. (1)
Deposits
Checkable dep. & Curr.
Small time & sv9s. dep.
Honey market fund shares
Lar9e time deposits
2
3
4
5
6
7
Credit
8
Dep.
instruments
8
658.5
749.1
856.1
1008.9
1007.3
1158.9
9
10
11
12
13
342.5
296.1
68.3
227.7
46.4
393.8
358.2
71.5
286.7
35.6
480.7
426.8
74.5
352.3
53.9
551.,
470.4
79.8
390.7
81.5
545.5
465.7
93.3
372.4
79.8
663.7
523.3
101.1
422.2
140.4
U.S. 90vt. securities
Treasury issues
Savin9s bonds
Other Treasury
A9ency issues
9
10
11
12
13
14
15
16
17
120.2
53.5
126.l
16.2
157.8
45.4
127.1
25.0
183.2
44.5
128.2
19.6
223.2
47.6
127.5
58.7
206.8
80.1
127.8
47.1
249.8
85.3
86.3
73.9
Tax-exempt obligations
Corporate and f9n. bonds
Mort9a9es
Open-market paper
14
15
16
17
18
19
20
1240.1
66.7
1173.4
1421.1
98.0
1323.2
1440.8
117. 7
1323.1
1888.3
203.0
1685.3
2207.5
356.8
1850.6
2106.8
409.l
1697 .8
Corporate equities
Mutual fund shares
Other corporate equities
18
19
20
21
22
232.8
1179.2
240.8
1392.1
246.0
1532.0
256.7
1801.6
274.2
2057. 7
300.3
2248.2
Life insurance reserves
Pension fund reserves
21
22
23
24
25
2229.3
17.8
85.3
2279.9
20.6
100.6
2237.o
21. 6
102.5
2196,3
35.l
124.1
2221. l
44.0
153.6
2284.9
37.2
170.6
Equity in noncorp business
Security credit
Hiscellaneous assets
23
24
25
26
1693.6
1891.5
2116.4
2414.4
2703.6
2934.8
27
28
29
30
1625.5
1059.7
330.4
58.3
1811.6
1176.0
374.5
63.2
2038.2
1310. 1
449.5
69.8
2314.5
1460.6
526.5
75.3
2594.2
1669.9
581.3
74.9
2836. 6
1878.2
623.6
73.3
31
32
33
34
29.6
36.4
37.9
73.2
41.0
38.9
41.5
76.5
51.2
41.4
36.7
79.4
81.3
43.8
43.7
83.3
79.l
46.l
54.4
88.4
78.2
48.4
47.4
87.4
35
36
30.3
22.2
39.7
24.0
37.3
25.8
56.8
28.0
65.0
30.5
49.7
33.4
37
15.5
16.1
15.1
15.2
13.9
15.1
market
Total liabilities
Credit market instruments
Home mort9a9es
Installment cons. eredit
Other consumer eredit
Tax-exempt debt
Other mort9a9es
Bank loans n.e.c.
Other loans
Security credit
Trade credit
Deferred and unpaid life
insurance premiums
( 1) Excludes corporate equities.
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
26
27
28
29
30
31
32
33
34
35
36
37
DECEMBER 1988
Business
77
Business
Sector Statements of Financial Assets and Liabilities
VEAR END OUTSTANDINGS, 1970-81
VEAR END OUTSTANDINGS, 1970-81
1970
1971
1972
1973
1974
1 Total financial assets
2
Chtckable dep. and currency
3
Time deposits
4
Monty 111kt. fund shares
5
6
Security RPs
Foreign dtposits
7
Credit ■arket instru1111nts
Mutual fund shares
Trade cred1t
Hiscellaneous asstts
8
9
10
11 Total 11ab111ties
12
13
14
15
16
17
Credit market instruments
Tax-exempt bonds
Corporate bonds
Mortgages
Bank loans n.e.c.
Other loans
18
19
Trade debt
Other liabilities
1977
1976
1975
Nonf1nanc1al
413.6
63.1
6.7
457.9
61.7
12.5
514.8
64.4
16.5
604.5
70.3
600.6
72.0
28.2
644.4
78.7
30.4
709.1
83.l
33.9
0.2
0.8
1.1
1.2
2.7
2.2
11.3
3.3
5.5
4.9
4.7
5.8
7.0
7.4
787.4
88.6
41.3
0.2
8.3
8.7
39.0
0.6
198.0
105.0
48.2
o.7
212.0
120.4
52.1
0.7
239.0
137.2
51.1
0.8
287.9
157.0
55.0
0.8
266.6
167.5
o.9
273.6
183.4
66.8
76.2
1.0
293.3
207.2
72.3
0.8
334.2
232.9
22.8
1978
1979
1980
1981
918.0
90.4
46.7
0.6
16.2
16.7
1071.3
85.9
54.6
3.0
18.8
21.8
1187.4
95.6
62.1
7.0
28.4
24.6
1334.3
88.1
82.5
18.4
33.4
23.0
79.2
0.6
395.9
271.8
86.5
1.1
469.2
330.3
85.7
1.5
519.0
363.5
Business - Total
2
3
4
5
6
103.8 7
1.6 8
548.l 9
435.3 10
695.1
761.7
856.0
1005.9
1049.0
1099.0
1193.0
1337.4
1540.9
1774.9
1975.8
2198.2 11
501.5
550.8
O.l
185.6
182.l
132.7
617.4
0.6
197.8
214.1
148.4
799.2
4.l
226.6
271.2
213.6
83.6
839.9
6.7
253.8
289.2
201.4
908.8
9.2
276.6
313.3
203.7
106.1
1023.1
17.4
299.5
351.2
56.5
705.1
2.4
206.9
245.7
182.9
67.2
1154.8
25.0
320.6
393.8
263.0
152.3
1311.3
35.0
337.9
439.8
308.l
190.4
1437.7
45.9
365.6
475.3
336.8
214.2
1595.3
59.3
388.3
503.8
378.8
265.0
180.5
30.3
204.0
34.6
255.0
45.7
195.5
54.4
202.6
214.0
70.1
238.0
76.3
293.1
93.0
351.3
112.3
395.0
143.1
18.l
7.o
11.1
20.2
7.1
13.0
10.9
2.1
22.2
7.3
14.9
12.4
2.5
24.2
7.4
16.8
13.7
3.1
130.8
72.8
28.2
21.2
7.0
14.2
155.5
145.7
86.8
31.0
27.9
10.4
17.5
172.3
161.5
97.5
31.6
13.0
19.4
193.6 6
177.8 7
107.2 8
32.9 9
37.6 10
16. 4 11
21.2 12
15.8 13
166.8
159.5
126.4
48.8
168.8
24.7
50.5
88.9
56.5
227.0
128.0
12
13
14
15
16
17
433.7 18
169.2 19
Farm Business
1 Total financial assets
2
Checkable dtp. and currency
3
Hiscellantous assets
10.8
6.5
6 Total liabilities
51.4
47.6
30.5
11.2
4
5
7
Insurance receivables
Equity 1n spons. ags. (l)
10
11
12
Credit market instruments
Mortgagts
Bank loans n.e.c.
Other loans
U.S. government
Fed. Inter. Credit Banks
13
Trade debt
8
9
4.3
3. 6
0.6
11.5
6.6
4.8
4.1
0.7
12.4
6.9
5.5
13.3
7.1
6.2
4.7
0.8
5.2
0.9
70.1
65.4
39.8
17.2
1.0
5.0
51.6
32.4
12.5
6.7
1.0
5.7
61.3
56.8
35.4
14.3
7.1
1.1
6.1
3.8
4.0
4.5
4.7
5.9
55.6
8.4
1.2
7.2
13.9
6.9
6.9
5.8
1.1
14.8
7.o
7.8
6.5
1.4
16.3
6.9
9.3
7.7
1.6
9.2
1.9
78.2
73.3
44.9
18.2
10.2
1. 3
98.3
92.2
55.4
23.2
13.5
8.8
87.5
82.1
49.9
20.2
12.l
2.1
10.0
11.3
113.0
105.9
63.9
25.7
16.3
3.5
12.8
4.9
5.3
6.1
7.o
8.6
9.8
10.8
2.2
122.2
32.�
26.l
7.5
18.5
14.8
3.7
2
3
4
5
Nonfarm Noncorporate Business
1 Total financial assets
2
Checkable dep. and currency
3
Time deposits
4
5
6
7
8
U.S. govern uent securities
Consumer r.1 ed1t
Mortgagu
Trade cr�d1t
32.5
12.5
1.4
o. 7
3.9
o.7
6.6
6.7
6.5
0.2
39.7
12.5
3.0
0.9
3.8
1.9
8.1
46.l
12.5
8.8
64.4
16.9
6.2
1.2
4.0
3.3
18.6
69.2
17.3
7.8
1.2
4.0
3.4
20.4
71.1
17.8
8.1
1.3
4.1
3.3
21.2
79.9
19.8
9.5
1.5
4.3
4.2
22.0
96.6
22.4
12.l
2.4
4.1
5.5
26.2
11·7.2
25.6
15.5
3.2
4.3
8.1
31.5
138.9
28.3
21.3
2.8
4.5
11.0
34.9
147.8
31.l
24.2
2.6
4.4
12.2
36.5
7.3
0.2
2.0
9.5
12.5
8.3
0.2
4.0
14.2
9.2
0.2
4.7
15.1
10.2
0.2
4.7
15.4
11.5
0.3
3.7
18.6
13.5
0.4
4.8
23.9
16.0
0.4
7.4
29.l
18.9
0.5
36.8
24.3
0.8
11.7
55.3 8
26.3 9
0.8 10
28.1 11
4.6
1.1
3.7
3.0
192.2
33.3
34.7
3.3
4.4
20.3
40.9
2
3
4
5
6
7
9.6
36.1
21.8
0.6
13.7
12 Total liabilities
106.3
129.0
162.9
199.5
240.7
260.l
286.3
323.9
378.l
454.5
519.0
575.6 12
13
14
15
16
17
18
19
Credit market 1 nstruments
Mortgages
Home mortgages
Multi-family
Commercial
Bank loans n.e.c.
Other loans
101.5
70.0
151.'4
114.5
3.6
56.7
54.2
13.7
23.2
172.3
116.4
3.2
64 .5
'48.7
28.6
27.3
208.l
140.9
3.0
70.0
67.9
36.0
31.2
225.0
152.4
3.6
70.1
78.7
37.7
35.0
246.5
164.l
5.0
73.9
85.1
40.4
42.l
278.6
180.8
6.8
80.4
93.7
46.4
51.4
326.5
205.0
7.6
88.8
108.6
59. 6
61.9
392.0
38.7
29.2
11.7
19.7
121.6
88.3
3.1
'46.7
38.5
12.6
20.7
7.o
96.4
143.8
72.8
72.0
447.8
288.8
8.0
102.5
178.4
79.3
79.7
'492.2
308.l
8.5
103.7
195.9
93.5
90.6
20
21
Other taxes payable
Trade debt
'4.8
1.0
4.4
2.5
5.1
4.0
17.7
5.5
20.1
6.6
20.6
7.8
22.3
8.9
23.8
10.0
25.6
12.8
31.7
15.3
36.4
13. 7 20
41.6 21
22
Miscellaneous liabilities
2.0
4.0
5.5
6.9
7.9
9.8
12.6
16.2
18.0
19.4
28.l 22
9
10
11
HiscelJ aneous assets
Insurance rece1 vables
Equity in spons. ags. ( 1)
Other
2.2
(1) Shares in FICBs, Banks for Cooperat1ves, and Federal Land Banks.
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
247 .2
13
14
15
16
17
18
19
DECEMBER l988
Business
Business
78
Sector Statements of Financial Assets and Liabilities
VEAR END OUTSTANDINGS, 1982-87
1982
1983
1984
VEAR END OUTSTANDINGS, 1982-87
1985
1986
1987
Nonfinanc1al
Business - Total
1
2
3
4
5
6
1367.4
97.7
97.l
19.0
42.1
22.6
1509.5
112.7
125.4
11.2
48.4
25.7
1682.4
124.4
151.9
16.l
48.8
20.6
1824.0
149.8
176.9
12.8
58.3
18.5
2005.0
178.0
202.1
20.l
70.5
24.5
2137.8
183.6
215.7
19.4
76.3
21.6
Total financial assets
Checkable dep. and currency
T1111e deposits
Honey mkt. fund shares
Security RPs
Foreign deposits
7
8
9
128.7
3.1
540.6
416.4
157.2
4.5
584.7
439.9
190.5
7 .2
639.2
483.7
211.1
12.5
670.l
514.0
246.6
15. 7
676.5
571.1
261.3
ll.5
728.9
619.3
Credit market instruments
Mutual fund sharts
Trade cred1t
Miscellaneous assets
11
2339.9
2553.0
2935.8
3255.4
3593.2
3936.0
12
13
14
15
16
17
1714.l
74.5
407.0
539.2
426.2
267.2
1857.l
83.9
423.0
608.l
448.7
293.4
2153.7
104. 4
469.2
697.3
516.2
366.6
2405.2
127.o
5'42.9
782.7
548.9
403.7
2688. 3
117.1
664.2
877.0
604.2
425.8
2950.9
116.2
764 .1
990.0
609.3
471.::?
18
19
443.1
182,7
480.l
215.7
517.7
264.4
556.9
293.3
564.6
340.2
594.0
391,1
10
Total liabilities
---------------------------------------------·---------
1
2
3
4
5
6
7
8
9
10
11
Credit market instruments
Tax-exempt bonds
Corporate bonds
Mort9a9u
Bank loans n.e.c,
Other loans
12
13
14
15
16
17
Trade debt
18
19
Other liabilities
Farm Business
27.9
7.6
20.2
16.1
4.1
29.1
29.4
32.0
21.3
17.l
4.2
21.4
17.1
4.3
23.9
19. 9
4.0
35. 3
8.3
27.0
23.5
3.4
37.6
8.5
29.1
26.2
3.0
203.8
188.4
113.7
38.9
35.7
16.7
19.0
202.2
9
10
11
12
200.6
184.5
111.3
36.1
37.0
16.7
20.4
35.6
17.8
17.8
39.CJ
187.4
173.4
105.9
35.5
32.1
18.2
13. 9
170.8
156.6
95.8
31.2
29.6
18.0
11.6
159.6
144.9
88.9
29.l
27.0
17.7
13
16.1
15.4
14.3
14. 0
14,2
14.8
l
2
3
4
5
6
7
8
7 .8
7. CJ
187 .CJ
ll2.4
8. 1
Total financial assets
Checkable dep. and currency
Miscellaneous assets
Insurance receivables
Equity in spons. ass. Cl)
1
2
3
4
5
6
Total liabilities
Credit market instruments
7
8
Hort9a9,s
Bank loans n.e.c.
9
Other loans
10
U.S. government
11
Fed. Inter. Credit Banks 12
9.3
Trade debt
13
Nonfarm Noncorporate Business
1
2
197.8
36.8
38.l
3.2
4.5
25.0
48.5
230.6
45.0
51.7
6.0
5.1
29.3
55.3
278.5
49.8
65.l
9
41.8
28.4
38.1
23.8
0.8
13.5
12
662.9
13
14
15
16
17
18
19
564.0
373.1
15. l
114.0
244 .o
96. 0
94.9
20
21
15.2
45.3
22
38.4
3
4
5
6
7
8
10
11
0.CJ
12.5
393.9
76.8
99.1
1.0
6.6
50.5
72.3
Total financial assets
Checkable dep. and currency
Time depos1ts
U.S. government secur:ties
Consumer credit
81.7
Miscellaneous asrets
Insurance rece"ivables
Equity in spons. ass. Cl>
Other
5.5
39.3
61.8
317.3
61.3
76. 6
5.8
5.8
44.0
65.9
360.4
70.3
89.6
6.4
6.3
47 .2
69.l
51.6
34.8
o. 9
15.9
58.0
38.6
0.8
18.5
71. 7
43.5
0.8
27.4
759.8
908.9
1054.5
ll96.9
1325.9
645.8
436.l
19.1
131.2
285.8
103.5
106.3
769.0
520.3
21.1
157.8
341.4
124.4
124.4
898.3
623.3
24.8
191.3
407.2
138.5
136.6
1025.9
723.3
24.8
224.1
474.4
15'4.8
147.8
1141.7
811.3
17.1
45.8
18.2
51.5
21.6
56.9
24.0
61.3
25.6
51.1
70.3
77. 7
85.7
93.7
5.5
49.5
0.7
31.4
25.2
247.0
539.0
165.5
164.9
64.9
Hort9a9es
Trade credit
Tot el 11 abi 11ti es
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
6
7
8
9
10
11
12
Credit market instruments
Mortgages
Home mortgages
Multi-familY
Commercial
Bank loans n.e.c.
Other loans
13
1'4
15
16
17
18
19
Other taxes payable
Trade debt
20
21
Miscellaneous liabilities
22
Cl> Shares in FICBs, Banks for Cooperatives, and Federal Land Banks.
BILLIONS OF DOLLARS
1
2
3
4
5
DECEMBER 1988
Nonfinancial Corporate Business
Nonfinancial Corporate Business
79
Nonfinancial Corporate Business
VEAR END OUTSTANDINGS, 1970-81
VEAR END OUTSTANDINGS, 1970-81
1970
1971
1972
1973
1974
1976
1975
---------
1977
1978
1979
1980
1981
Nonfinancial Corporate Business
Total financial
2
3
4
5
6
7
8
9
10
assets
Liquid assets
Checkable dep. & currency
Time deposits
Money mkt. fund shares
Security RPs
Foreign deposits
U.S. government securities
Tax-exempt obligations
Commercial paper
11
12
13
Consumer credit
Mutual fund shares
Trade credit
14
15
16
17
Miscellaneous assets
Foreign direct invest. Cl>
Insurance receivables
Equity in spons. agencies
Other
18
19 Total liabilities
20
21
22
23
24
25
26
Credit market instruments
Tax-exempt debt C2)
Corporate bonds Cl)
Mortgages
Home mortgages
Multi-family
Commercial
Banlc loans n.e.c.
Loans frorn foreign
Commercial paper
Acceptance liabs. to banks
Nonbanlc finance loans
u.s. government loans
27
28
29
30
31
32
33
34
35
Profit taxes payable
Trade debt
Fgn. direct invest. in U.S.
370.3
406.7
456.2
526.8
517.5
558.5
612.9
672.7
780.7
910.2
1015.4
1116.l
69.5
44.1
5.3
78.8
42.6
9.5
88.0
44.9
11.9
101.0
46.3
16.6
105.4
47.8
20.5
125.2
53.9
�2.4
139.8
56.4
24.4
0.2
0.8
1.1
1.2
2.7
2.2
11.3
3.3
5.5
4.9
4.7
5.8
7.0
7.4
143.6
59.2
29.2
0.2
8.3
8.7
162.3
57.7
31.2
0.6
16.2
16.7
170.8
50.3
33.4
3.0
18.8
21.8
196.5
57.1
37.9
1.0
28.4
24.6
220.4
47.4
47.8
18.4
33.4
23.0
7.5
2.2
9.4
10.0
3.2
4.5
11.3
7.9
4.2
14.2
4.0
14.9
5.6
4.7
16.5
14.3
4.5
19.6
16.4
3.4
24.7
10.0
3.5
24.5
11.5
3.7
24.8
13.1
3.7
26.7
l!L 7
3.5
19.4
20.2 8
3.5 9
26.8 10
14.6
o.6
191.4
17.3
o.7
203.8
18.0
o.7
230.3
19.2
0.8
269.3
19.5
0.8
246.3
19.9
0.9
252.5
21.7
1.0
271.3
22.2
0.8
308.0
23.6
0.6
364.4
24.7
1.1
434.3
25.0
1.5
482.5
25.3 11
1.6 12
507.3 13
94.1
70.3
10.8
0.3
106.l
76.4
11.9
0.4
17.5
119.3
81.5
13.7
0.4
23.7
136.6
91.7
15.7
0.4
145.5
100.4
17.8
0.4
26.9
160.1
114.1
20.0
0.4
25.5
179.2
126.6
23.4
0.5
198.0
135.4
27.8
0.5
34.3
229.7
151.8
33.4
0.6
43.9
279.2
178.2
38.9
0.6
61.4
309.9
208.5
43.6
0.6
57.2
361.5
224.8
47.3
0.6
88.7
14
15
16
17
18
537.4
352.4
577.1
377.7
o.1
185.6
631.7
409.2
0.6
197.8
64.2
736.3
467.4
2.4
206.9
730.2
517.8
4.1
751.4
532.8
6.7
253.8
87.0
900.6
638.6
17.4
1164.8
773.5
35.0
337.9
105.9
7.0
37.2
61.7
1429.1
925.4
59.3
388.3
26.9
59.4
1032.0
706. l
25.0
320.6
116.1
7.6
34.7
73.8
1284.5
828.4
24.5
36.1
808.3
570.2
9.2
276.6
93.8
5.0
30.0
44.4
46.5
19
20
21
22
23
24
25
26
12.6
166.8
58.9
61.4
28.8
89.5
19.8
37.o
103.6
107.6
120.5
137.1
7.1
3.1
10.9
2.1
6.2
3.6
11.6
1.6
7.0
3.7
13.7
1.8
8.4
11.5
160.2
13.3
u:.3
172.2
13.9
31.2
648.5
3.6
226.6
85.5
3.2
3.1
21.7
36.7
2.2
3.0
28.3
54.1
3.6
28.8
54.5
28.8
299.5
106.4
6.8
45.9
365.6
89.0
6.0
38.6
88.5
4.5
37.4
58.9
32.0
67.7
140.l
154.9
175.l
0.9
15.5
9.9
37.2
5.7
204.3
2.9
24 .5
13.8
42.3
226.0
4.2
28.0
17.1
44.3
252.4
13.1
42.7
21.4
2
3
4
5
6
7
143.5
0.3
4.7
16.2
2.1
159.4
0.3
12.5
7.2
18.6
3.7
9.6
7.6
20.4
3.9
11.0
10.2
24.7
4.1
8.4
27
28
29
30
49.9 31
9.6 32
13.3
194.4
14.9
15.6
232.7
20.6
16.7
170.5
25.l
14.3
176.7
27.7
21.8
185.6
30.8
20.2
207.1
34.6
24.5
258.9
42.5
27.1
309.8
54.5
25.3
347.7
83.0
18.6 33
376.3 34
108.7 35
31.7
758.9
35.8
855.2
36.6
678.4
75.8
499.1
75.8
684.3
787.8
85.6
100.9
748.0
105.4
773.1
124.6
933.4
134.8
1293.l
130.9 36
1214.8 37
225.7
126.8
298.4
247.1
130.6
316.l
262.6
146.6
354.3
298.9
168.5
416.9
316.l
201.7
388.9
347.4
185.4
376.3
379.6
190.6
398.0
423.3
215.3
442.6
461.8
244 .4
527.7
478.8
294.7
631.5
500.4
328.0
701.0
536.l 38
389.2 39
784.2 40
64.0
36.0
23.3
65.4
64.2
35.8
24.8
63.9
36.1
24.2
61.1
38.9
27.1
65.2
34.8
33.3
33.4
35.1
66.6
6 ;.3
33.7
32.5
65.4
34.6
30.8
61.9
38.l
27.0
60.4
39.6
28.0
57.9 41
42 .1 42
28. l 43
0.5
0.6
12.8
11.4
31.5
4.0
6.9
Memo:
36 Net trade credit
37 Market value of equities
Debt subtotals:
38 Securities and mort9ages
39 Loans and short-term paper
40 Total s-t 11 abi 11 ties C3)
Percent ratios:
41 L-t debt/credit market debt
42 s-t debt/eredit market debt
43 Liquid assets/s-t liabil.
34.6
24.9
Cl> Corporate bonds include net issues by Netherlands Antilles subsidiaries,
U.S. foreign direct investment is before subtracting reflows of
capital from Netherlands Antilles subsidiaries' foreign financing.
and
(2) Industrial revenue bonds.
Issued by state and local governments
to finance private investment and secured in interest and
principal by the industrial user of the funds.
(3) Loans (except mortgages), short-term paper, profit
taxes payable, and
more than one year
trade debt. Includes loans due in
and excludes current maturities of
securities and mort9a9es.
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
DECEMBER l988
Nonfinancial Corporate Business
Nonfinancial Corporate Business
80
Nonfinancial Corporate Business
VEAR END OUTSTANDING$, 1982-87
VEAR END OUTSTANDING$, 1982-87
1982
1984
1983
1985
1986
1987
Nonfinanc1 al Corporate Business
1141.7
1249.8
2
3
4
5
6
7
266.8
53.3
59.0
19.0
42.1
22.6
306.9
59.9
73.6
11.2
48.4
25.7
348.5
66.6
86.9
16. l
48.8
20.6
8
9
10
30.5
3.5
36.7
40.5
4.2
43.4
52.7
52.8
4. l
11
12
13
25.3
3.1
492.2
28.6
4.5
529.4
59.0
4.9
59.3
30.6
7.2
577 .5
14
15
16
17
18
354.5
213.3
50.0
o.7
90.4
380.4
215.9
53.5
0.7
110.3
410.7
221.9
58.6
0.7
129.4
19 1476.4
965.6
20
74.5
21
407.o
22
23
54.8
5.1
24
30.8
25
19.0
26
1589.4
1022.9
83.9
423.0
58.3
27
28
29
30
31
32
294.1
15.6
37.6
20.7
50.5
10.9
306.3
18.3
36.8
27.6
58.2
10.4
351.9
31.3
58.5
30.4
74.8
11.6
374.9
32.9
33
34
35
4.4
381.7
124.7
10.5
419.0
137.l
11.4
452.0
164.6
36
37
110.5
13f,2.8
110.4
1638.7
38
39
40
536.3
429.3
815.4
565.2
457.6
887.l
41
42
43
55.5
44.5
32.7
55.3
5.1
27.6
25.7
1374.5 1474.7 1609.3
1706.2
481.3
99.3
112.5
20.l
70.5
24.5
494.5
78.5
8.0
67.9
82.0
10.5
69.6
32.3
12.5
604.2
32.4
15.7
607 .4
35.0
11.5
656.7
432. l
238.0
63.7
0.8
129.6
472.5
261.7
67.9
0.9
142.0
508.5
308.4
78.8
1.3
120.0
393.6
80.4
100.3
12.8
58.3
18.5
98.3
116.6
19.4
76.3
21.6
1824.7 2013.4 2225.4 2450.4
1196.8 1333.5 1505.8 1664.3
116.2
117.l
104.4
127.o
469.2 542.9 664.2 - 764. l
89.9
57.9
64.6
53.6
4.8
5.2
5.1
4.8
22.9
22.2
21.7
25.8
61.7
27.l
30.9
33.7
414.8
45.2
28.3
87 .4
14 .2
418. l
43.9
62.9
28. l
98. 7
14.8
33.2
115.7
11.5
9.3
486.0
184.6
10.1
489.l
220.4
9.9
514.3
261.9
125.5
118.2
118.3
1617.7 2022.6 2332.6
142.3
2331.3
839.2
666.6
1165.8
970.2
694.1
1218.3
55.7
44.3
41.3
58.3
41.7
40.6
72.2
638.2
723.5
558.6 609.9
1021.9 1105.3
73.8
Total financial assets
Liquid assets
Checkable dep. & currency
T1111e deposits
Honey mkt. fund shares
Security RPs
Forti 9n depos1 ts
U.S. 9overnment securities 8
9
Tax-exempt obligations
10
Commercial paper
Consumer credit
Mutual fund shares
Trade credit
Miscellaneous assets
Fort19n direct invest. Cl)
Insurance receivables
Equity in spons. a9encies
Other
Total liabilities
Credit market instruments
Tax-exempt debt C2)
Corporate bonds Cl)
Mortgages
Home mortgages
Multi-family
Commercial
Bank loans n.e.c.
Loans from foreign
Commercial paper
Acceptance l1abs. to banks
Nonbank finance loans
U.S. 9overnment loans
Profit taxes payable
Trade debt
Fgn. direct invest. in U.S.
Memo:
Net trade credit
Market value of equities
Debt subtotals:
Securities and mortgages
Loans and short-term paper
Total s-t liabilities (3)
Percent ratios:
44.7
34.6
53.3
46.7
34. l
54.3
45.7
35.6
L-t dtbt/credit market debt
S-t debt/credit market debt
Liquid assets/s-t 11abil.
Cl> Corporate bonds include net issues bY Netherlands Antilles subsidiaries,
and U.S. foreisn direct investment is before subtracting reflows of
capital from Netherlands Antilles subsidiar1ts • foreign financing.
C2) Industrial revenue bonds. Issued by state and local sovernments
to finance private investment and secured in interest and
principal by the industrial user of the funds.
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2
3
4
5
6
7
(3) Loans (except mortgages), short-term paper, profit
taxes payable, and trade debt. Includes loans due in
more than one year and excludes current 111aturities of
securities and mortgages.
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
36
37
38
39
40
41
42
43
DECEMBER 1988
State and Local Governments
81
State and Local Governments
Sector Statements of Financial Assets and Liabilities
VEAR END OUTSTANDINGS
VEAR END OUTSTANDINGS, 1970-81
1970-81
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
State and Local Governments - General Funds
71.7
81.1
97.8
115.2
127.9
135.1
151.5
179.6
203.8
220.8
234.0
240.0
Checkable dep. and currency
Time deposits
Security RPs
11.3
23.0
12.1
30.2
12.7
37.0
12.7
43.6
12.9
48.5
13.4
46.9
1.0
12.4
49.l
2 .1
13.5
55.8
3.8
13.4
62.9
6.3
13.0
60.8
10.3
12.4
58.8
10.6
11.0
61.l
15.8
5
6
7
8
9
10
Credit market instruments
U.S. sovernment securities
Treasury issues
A9ency issues
Tax-exempt obligations
Hort9a9es
33.8
26.9
23.2
3.7
2.4
4.6
33.6
25.9
21.8
4.0
2.1
5.6
40.6
31.7
26.0
5.8
1.8
7.0
49.l
38.3
27.4
10.9
2.1
8.7
54.4
40.6
25.5
15.1
2.6
11.2
60.1
42.3
24.8
17.5
5.0
12.8
70.9
49.5
27.0
22.5
7.3
14.l
86.6
64.1
37.6
26.5
7.9
14.6
99.3
74 .9
43.1
31.8
7.2
17.1
110.4
80.0
45.0
35.0
6.8
23.6
122.3
81.9
45.7
36.2
7.o
33.4
123.0 5
74.8 6
43.9 7
30.9 8
7. l 9
41.0 10
11
Profit taxes receivable
Other taxes receivable
3.6
4.1
1.0
5.1
2.5
5.8
4.0
6.5
5.5
7 .1
6.6
9.3
7.8
11.1
8.9
11.9
10.0
13.5
12.8
14.5
15.3
15.5 11
13.7 12
Total financial assets
2
3
4
12
2
3
4
13 Total 11 abilities
155. 6
174.0
189.0
201.8
218.2
231.8
245.5
256.7
275.0
294.2
313.4
321.3 13
14
15
16
17
18
Credit market instruments
Tax-exempt obligations
Sht>rt-term
Other
U.S. government loans
149.2
144.4
13.3
131.l
4.8
166.9
161.7
15.7
146.0
193.3
188.4
16.l
172.3
4.9
207.9
18.8
183.5
5.6
220.2
214.5
18.6
195.9
5.8
233.5
225.6
14.5
211.2
7.8
243.9
235.9
11.6
224.3
8.0
260.5
254.0
12.2
5.2
181.4
175.9
15.8
160.l
5.5
241.8
6.5
278. l
271.4
13.l
258.3
6.7
295.3
287.7
14. 9
272.9
7.6
302.l
293.3
16.0
277.3
8.8
19
Trade debt
6.4
7.l
7.6
8.5
10.3
11.6
12.l
12.8
14.5
16.1
18.l
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
20�.3
14
15
16
17
18
19.2 19
DECEMBER 1988
State and Local Governments
State
Sector Statements of Financial Assets and Liabilities
VEAR END OUTSTANDINGS, 1982-87
1982
1983
1984
1985
and Local Governments
82
VEAR END OUTSTANDINGS, 1982-87
1986
1987
------------
State and Local Governments - General Funds
261.7
301.2
348. 7
464.5
524.6
559.0
2
3
4
9.4
64.9
23. l
8.7
58.6
30.4
13.8
58.9
39.9
14.8
65.9
45.0
18.3
61.3
53.6
19. l
62.l
64 .6
5
135.0
81.3
48.7
32 .6
7.4
46.3
170.4
108.2
65.5
42.8
8.0
54.2
198.2
124.8
70.0
54.9
9.0
64.4
296.0
214.0
143.8
70.2
7.8
74.2
344.4
250.8
167.9
83.0
7.6
86.0
364.8
262.1
169. 7
92.3
8.0
94.7
11
12
14.1
15.2
16.0
17. 1
19.9
18.2
21.1
21.6
24.0
22.9
22.8
25.6
6
7
8
9
10
13
343.8
378. 6
407.0
499.9
544.8
581.2
14
15
16
17
18
323.7
313. 9
22.7
291.1
9.8
357.7
346.8
21.3
325.5
10.9
385.1
366.5
17 .6
348.9
18.6
476.9
450.l
18.9
431.2
26.8
520.2
493.0
23.1
469.9
27.3
554.7
529.3
29.3
500.0
25.3
19
20. l
20.9
21.9
23.0
24.6
26.5
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total financial assets
Checkable dep. and currency
Time deposits
Security RPs
2
3
4
5
Credit. market instruments
U.S. government securities 6
Treasury issues
7
Agency issues
8
Tax-exempt obli9ations
9
Mortga9es
10
Profit taxes receivable
Other taxes receivable
Total liabiliti,s
11
12
13
Credit market instruments
Tax-exempt obli9ations
Short-term
Other
U.S. government loans
14
15
16
17
18
Trade debt
19
DECEMBER 1988
U.S. Government and Credit Agencies
83
U.S. Government and Credit Agencies
Sector Statements of Financial Assets and Liabilities
----------
Total financial assets
2
3
4
Gold, SDRs & off. fgn. exch.
Checkable dep. and currency
Time deposits
5
10
Credit market instruments
Fed. agency securities
Hort9ages
Other loans
To foreign
To others
11
12
13
Taxes receivable
Trade credit
Hi scellaneous
6
7
8
9
15
16
17
18
19
20
21
22
23
24
25
1970
1971
90.0
94.1
95.1
100.0
105.3
121.5
142.9
151.7
177.1
199.6
224.7
246.5
3.6
9.8
0.5
2.2
13.2
0.5
2.6
13.3
0.6
2.9
12.6
0.4
4.3
8.3
0.5
4.6
11.2
0.6
7.o
15.0
0.7
7.6
14.6
o.9
5.4
18.7
o.9
5.3
19.2
1.0
10.6
16.2
0.8
13.8
17.4
o. 7
2
3
4
58.2
60.3
62.2
64.9
72.2
85.6
93.5
103.5
120.6
139.5
163.l
187.2
10.5
47.6
28.2
19.5
10.2
50.l
30.0
20.l
9.5
8.9
12.6
59.5
32.7
26.8
19.l
66.4
35.5
30.9
19.6
74.0
38.7
35.2
23.7
79.8
41.7
38.0
28.0
92.6
45.6
47.0
34.6
104.9
48.4
56.4
42.l
121.l
53.l
67.9
47.0 7
140.2 8
57.3 9
82.8 10
5
6
8.0
Treasury curr. & SOR ctfs.
Credit market instruments
Savings bonds
Other Treasury issues
Budget agency issues
Loan Participations
Residential mortgages
.
52.7
31.5
21.2
56.0
33.2
22.8
4.9
5.8
4.0
6.9
7.8
5.3
7.0
6.5
7.7
11.1
6.9
8.6
9.6
5.9
4.3
5.5
5.7
6.2
9.3
12.5
8.9
10.1
12.3
11.3
11.0
7.5
15.1
11.5
-2.6 11
17.6 12
12.4 13
347.3
374.7
393.7
405.7
423.l
514.3
594.0
658.9
723.7
771.9
862.4
961.6 14
6.0
300.8
52.1
239.2
1. 9
6.4
325.7
54.4
262.8
2.7
7.0
340.8
57.7
273.9
1.5
1.4
4.3
3.4
1.3
7.4
349.1
60.4
279.l
5.3
3.l
1.3
7.7
360.8
63.3
288.l
5.4
2.8
1.2
8.7
446.3
67.4
369.9
5.l
2.7
l.l
9.9
515.8
72.0
434.4
5.7
2.7
1.0
10.2
572.5
76.8
487.3
5.1
2.4
0.9
10.7
626.2
80.7
538.5
4.1
2.l
0.8
12.3
663.6
79.9
578.l
3.0
2.0
0.7
13.6
742.8
72.5
665.2
2.6
1.8
0.6
14.8
830.l
68.2
757.4
2.C:.
1.7
0.4
7.6
33.4
0.3
5.7
7.8
35.5
0.3
6.7
7.9
38.2
1.7
8.4
8.0
41.9
1.2
13.1
8.2
46.4
0.7
14.9
8.4
52.9
59.8
18.3
8.7
19.3
9.0
67.7
20.6
9.l
76.4
106.l
0.3
2.2
134.6
0.3
3.6
165.8
0.5
4.2
195.3
0.5
6.0
232.9
0.7
9.5
2
4
5
6
7
5.7
6.6
14 Total liabilities
------------1980
1976
1981
1973
1979
1977
1972
1978
1974
1975
-----------------------------------------------------u.s. Government
-------------·-------------------------------------------------
VEAR END OUTSTANDINGS, 1970-81
YEAR END OUTSTANDING5, 1970-81
Trade debt
Life insurance reserves
Retirement fund reserves
Miscellaneous
6.2
5.4
7.4
27.5
0.3
7.l
4.4
7.4
30.4
0.3
6.4
4.5
4.6
15
16
17
18
19
20
21
.
21.l 22
9.3 23
86.2 24
25
------------------------Federally Sponsored Credit Agencies and Mortga9e Pools
------------------------·-----------
-------------------------------------
Sponsored credit agencies
2
3
Total financial assets
Checkable dep. and currency
Fed. funds and security RPs
46.7
0.2
1.0
47.4
0.2
0.4
51.5
0.2
0.8
70.2
0.3
3.0
88.4
0.3
2.1
93.6
0.3
1.8
98.0
0.2
2.l
4
5
6
Credit market instruments
U.S. government securities
Open-market paper
Student loans CSLMA)
43.9
3.2
45.0
2.7
49.0
1.5
0.4
64.5
1.5
0.2
85.3
1.9
1.1
89.8
3.4
94.5
4.8
1.2
101.4
1.0
1.4
0.5
128.l
1.6
0.2
0.9
158.l
1.8
0.3
1.5
184.5
2.5
0.4
2.6
217.7
1.2
8
9
Housing credit
Residential mortgages
FHLB loans to S&L assns.
26.5
15.9
10.6
26.7
18.8
29.6
21.6
8.0
42.0
26.9
15.1
56.4
34.6
21.8
55.2
37.3
17.8
53.6
37 .8
15.9
58.5
38.3
20.2
80.0
47.3
32.7
98.5
56.7
41.8
113.5
64.5
49.0
134.7 8
69.5 9
65.2 10
14.2
7.2
2.0
5.0
15.6
17.5
9.l
2.3
6.1
25.9
13.5
3.6
8.8
o.7
30.l
16. l
4.0
10.0
1.7
34.9
18. 6
4.9
11.3
1.2
39.9
21.6
5.6
12.8
2.2
45.3
24.9
6.3
14.2
2.6
55.8
29.9
8.4
17.5
3.0
65.5
1.6
20.7
10.9
2.6
7.2
2.4
16 Total liabilities
C.redit market instruments
17
Sponsored agency issues
18
U.S. government loans
19
45.7
38.9
38.9
46.4
40.0
40.0
50.3
43.5
43.5
68.8
59.8
59.8
86.5
77.l
76.4
o.7
91.4
80.3
78.8
1.6
95.5
82.4
81.2
131.2
1.2
103.2
88.7
88.2
0.5
111.3
0.9
161.8
137.0
135.5
1.5
191.0
162.6
159.9
2.7
Miscellaneous liabilities
Deposits at FHLBs
Capital subscriptions
Other
6.9
2.3
2.7
1.8
6.3
1.8
2.8
l.7
6.8
1.5
3.1
2.l
8.9
1.7
3.7
3.5
9.3
2.4
4.4
2.5
11.1
2.7
4.8
3.6
13.1
3.9
5.3
3.9
14.5
4.1
6.1
4.2
19.1
7.4
5.5
24.8
9.3
9.0
6.6
28.4
to.1
9.7
8.6
7
10
11
12
13
14
15
20
21
::?2
23
Loar.; to agr1cul ture
FJ1rm mortgages
Loans to coops CBC>
Loans to farmers <FICBl
Miscellaneous assets
1.6
7.9
7.9
2.0
5.7
1.8
112.2
6.2
36.3
9.8
19.4
4.3
2.9
0.7
4.8
74.6
43.9
9.5
21.2
5.0
11
12
13
14
15
228.1 16
195.0 17
190.4 18
4.6 19
33.0
11.9
11.0
10.l
20
21
22
23
Federally related mortgage pools Cll
---------------
24 Total mortgage holdings
Home mortgages
25
Multi-family mortgages
26
Farm mortgages
27
4.8
9.5
7.3
0.1
2.1
14.4
11.6
0.4
2.4
18.0
14.8
0.6
2.7
21.5
18.0
0.8
2.6
28.5
25.3
1.2
2.0
40.7
37.3
1.7
1.8
56.8
53.0
2.6
1.2
70.4
65.4
4.1
1.0
94.8
88.4
S.3
1.0
114.0
107.l
6.0
0.9
129.0 24
125.0 25
3 .::? 26
0.7 27
28 Total pool securities
3.0
0.1
1.7
4.8
9.5
14.4
18.0
21.5
28.5
40.7
56.8
70.4
94.8
114.0
129.0 28
Hemo: Totals for agencies and pools
29.6
29 Housing credit
15.9
30 Loans to agriculture
34.l
17.7
41.5
19.9
57.4
23.4
75.2
28.6
81.7
32.l
92.6
36.7
114.l
41.2
149.5
46.3
192.3
56.9
226.6
66.4
262.9 29
75.4 30
31 Debt securities outstanding
49.5
57.9
77.9
97.9
107.3
121.9
145.0
181.7
230.3
273.9
319.4 31
43.6
Cl> GNMA, FNMA, FHLMC, and Farmers Home Administration pools. Excludes
Federal Financins Bank holdings of pool securities, which are in
U.S. government mortgages and other loans directly.
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
DECEMBER l988
U.S. Government and Credit A9enc1es
U.S. Government and Credit A9encies
84
Sector Statements of Financial Assets and Liabilities
YEAR END OUTSTANDINGS, 1982-87
------·------------------------·---------------------1984
1985
1983
1986
1987
1982
-------------------------------·-----u.s. Government
-----------------·--------------------------------YEAR END OUTSTANDING$, 1982-87
269.5
282.3
314.2
348.l
;';56.8
330.7
2
3
4
17. l
24.5
1.1
19.0
16.4
0.7
20.3
21.8
1.2
25.1
34.o
1.2
28.0
32.8
1.4
29.l
21.4
1.7
5
6
7
8
9
10
203.l
212.8
229.7
247.6
254.3
235.4
49.4
153.7
61.8
91.9
50.6
162.2
66.1
96. l
51.5
178.2
69.6
108. 7
53. 3
194.3
71.4
123.0
54.4
199.9
49.1
186.3
70.4
115.9
12
13
-12.8
22 .4
14.0
-7 .5
26.2
14. 7
-6.9
31.3
16 ,8
-11.l
35.0
16.3
-11.6
35.1
16.7
14
1138.4
1342. 6
1563.4
1811.l
2049.l
15
16
17
18
19
20
21
16.5
991.4
68.3
919.4
2.2
1.2
0.3
16.9
71.5
1102. 9
2.1
1.2
0.2
17.5
1376.8
74.5
1298.9
2.1
1.2
0.1
18.0
1600.4
79.8
1517.3
2.0
1.2
0.1
18.8
1815.4
93.3
1718.4
2 .. 4
1.2
19.2
1959.2
101. l
1853.0
4.3
0.9
22
23
24
25
23.0
9.5
97.9
26.0
9.7
112.0
29.2
9.9
130.0
33.8
10.2
148.8
34.8
10.5
169.6
39.9
10.8
189.5
1.2
11
1177. 9
72.8
127 .1
Total financial assets
Gold, SDRs & off. f9n. exch.
Checkable dep. and currency
Time deposits
-8.8
34.0
17 .9
Credit market instruments
Fed. asencv securities
l'lort9a9es
Other loans
To foreisn
To others
5
6
7
8
9
10
Taxes rece1 vable
Trade eredit
Miscellaneous
12
13
Total liabilities
------------------------------------------------------------------
2
3
4
11
14
Treasury curr. & SOR ct fs.
Credit market instruments
Savin9s bonds
Other Treasury issues
Budset asency issues
Loan participations
Residential mortsases
15
16
17
18
19
20
21
Trade debt
Life insurance reserves
Retirement fund reserves
Miscellaneous
22
23
24
25
Federa 11 Y Sponsored Credit A9enc1es and Mort9a9e Pools
Spon:;ored credit asencies
1
348.7
2.7
33 .1
376.5
1.6
30.9
289.0
5.9
0.1
12.3
302.3
10 .5
325.8
13.3
14.7
18.4
176.0
101.4
74.6
203.9
115.l
220.5
111.8
108.6
244.6
76.l
49.2
66. 7
255.2
0.6
14. 9
257.3
0.8
12.6
298.8
1.3
20.9
326.0
233.7
4.3
0.4
237.1
6
6 .4
0.8
7.9
267.3
4.7
0.7
9.8
8
9
10
145.7
79.7
66.0
147.9
89.0
59.0
11
12
13
14
77.5
15
76.9
47 .8
8.7
20.4
6.1
48.9
9.5
19. 0
6.8
16
17
18
19
249.l
210.4
205.4
5.0
250.3
211.8
206.8
5.0
20
21
22
23
38.8
14.7
12.0
12.l
38.5
11.8
12.2
2
3
4
5
7
3 .1
l.l
28.2
88.8
0. l
56.6
Total financial assets
Cneckable dep. and currency
Fed. funds and security RPs
Credit market instruments
U.S. sovernment securities
Open-market paper
Student loans CSLMA)
l
2
3
4
5
6
7
Housins credit
8
Residential mortsases
9
FHLB loans to S&L assns. 10
111.5
133.1
Loans to asricJlture
Farm mort5a3es
Loans to ·.oops CBC)
Loans to ,armers CFICBl
Miscellaneous assets
44.7
8.1
13.9
7. 7
37.6
7.4
11.6
l O. 6
49.5
32.l
8.1
9.3
18 .1
291.0
242.2
237.2
5.0
319.6
263.9
257.8
6.1
342.8
278.7
273.0
5.7
370.1
308.2
303.2
5.0
Total liabillties
Credit rr.arket instruments
Sponsored asency issues
U.S. sovernment loans
16
17
18
19
48.8
55.7
23.3
14.0
64.0
27.0
14.6
2�.s
6 l. 9
20.4
16.3
25.3
Miscellaneous liabilities
Deposits at FHLBs
Capital subscriptions
Other
20
21
22
23
9.l
17 .8
18.9
1� .1
16.8
14 .5
18.4
--------------------------
11
12
13
14
15
Federally related mort9a9e pools C 1 l
368.9
361.5
24
25
26
27
178.5
174.3
3.6
0.6
244.9
239 .5
4.8
0.5
289.0
283.0
0.5
0.4
28
178.5
244.9
289.0
368.9
5.5
7. 0
531.6
519.7
718.3
701.9
0.1
16.4
0. l
531.6
718.3
1 l. 9
29
30
323.6
77.5
39:?.3
78.0
464.5
76.6
572.4
67.l
752.0
56.7
962.8
49.6
31
383.9
451.7
526.2
626.7
804.6
1021.5
Memo:
Total mortsase holdinss
Home mort9a9es
Multi-family mort9a9es
Farm mortsases
24
25
26
27
Total pool securities
28
Totals for asencies and pools
Housin9 credit
Loans to asriculture
29
30
Debt securities outstandin9
31
Cl) GNMA, FNMA, FHLMC, and Farmers Home Administration pools. Excludes
Federal Financing Bank holdings of pool securities, which are in
U.S. sovernment mort9a9es and other loans directly.
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
DECEMBER 1988
Forei9n Sector
85
Forei9n Sector
Sector Statements of Financial Assets and Liabilities
VEAR END OUTSTANDINGS, 1970-81
VEAR END OUTSTANDINGS, 1970-81
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
248.8
19.3
21.0
-16.4
313.0
19.o
22.2
-10.0
348.7
23.4
24.6
9.5
404 .6
23.5
25.8
-17.1
414.1
19.7
28.l
-55.0
1
2
3
4
0.3
39.8
130.3
114.3
106.3
8.1
9.3
0.6
2.4
42.l
159.9
141.4
130.5
10.9
11.2
o.9
4.1
48.3
149.6
124.4
108.5
15.9
13.8
4.4
64.4
200.4
148.8
126.7
5
6
7
6.5
8.,4
4.4
64.6
174.8
139.3
120.4
18.9
22.0
4.2
9.3
Forei9n Sector
Total financial assets
U.S. checkable dep.
U.S. time deposits
4
Net interbank claims
2
3
5
12
13
Security RPs
U.S. corporate equities
Credit market instruments
U.S. 9overnment securities
Official holdin9s
Private holdin9s
U.S. corporate bonds Cl)
Loans to U.S. nonbanks
Open market paper
14
15
Security credit
Trade credit
16
17
18
Miscellaneous assets
Direct investment in U.S.
Other
6
7
8
9
10
11
19 Total 11ab111t1es
20
21
U.S. official f9n. exchan9e
8 net IMF posit1on
U.S. private deposits
22
23
Credit market instruments
Corporate bonds
24
25
26
27
Bank
To
To
To
28
29
30
Commercial paper
Acceptance 11abs. to banks
U.S. 9overnment loans
loans n.e.c.
foreign official
foreign banks
other foreign
31
32
Security debt
Trade debt
33
34
35
36
37
Miscellaneous liabilities
U.S. eq. in IBRD, etc.
u.s. 9overnment deposits
U.S. dir. inv. abroad (1)
Other
99.0
6.7
7.1
10.5
127.4
6.5
7.5
5.8
151.6
8.3
10. 6
172.8
14.0
21.l
0.4
183.8
13.7
6.8
158.0
11.2
13.4
1.6
-9.5
213.1
16.9
20.7
-15.4
0.5
0.5
35.3
78.4
68.2
63.8
4.4
0.4
42.9
92.4
80.9
73.7
7 .1
o.3
5.3
0.5
5.6
27.2
29.7
22.7
18.4
4.3
2.7
30.8
56.5
49.3
45.o
4.3
3.0
39.l
64.8
57.7
53.5
4.2
3.1
0.5
33.5
65.1
57.6
54.1
3.5
3.1
4.3
4.l
4.1
4.4
70.1
61.l
58.3
2.8
4.0
0.3
4.8
0.3
1.4
0.3
7.2
0.4
8.2
0.3
10.2
0.3
12.4
0.4
14.2
18.2
20.l
24.2
24.4
27.9
14
27.7 15
10.0
13.3
-3.3
12.7
13.9
-1.2
13.5
14.9
-1.4
22.1
20.6
1.6
29.8
25.1
4.7
28.4
27.7
o.7
37.o
30.8
6.2
34.4
34.6
-.2
53.l
42.5
10.7
64.8
10.3
54.5
100.7
83.0
17.6
124.4 16
108.7 17
15.6 18
140.2
151.2
162.7
180.0
206.4
235.5
275.8
296.9
362.0
414.6
474.l
504 .4 19
2.6
0.9
0.6
3.3
1. 9
4.9
2.3
5.8
4.8
7.4
5.0
8.8
5.4
17.l
5.1
26.9
13.0
31.4
14.8 20
41.8 21
220.1 22
54.5 23
24.2
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4.6
!.5
6.0
2.9
8
9,
22. l 10
30.4 11
13.l 12
8.0 13
-
0.8
1.2
0.7
2.2
52.1
14.1
15.0
56.6
61.l
16.0
67.4
17.0
81.2
19.4
95.3
26.5
115.8
3�. l
129.3
40.l
157.6
44.l
172.4
47.8
196.6
49.0
0.6
2.0
3.2
7.3
0.8
2.4
4.1
10.4
1.0
3.5
13.1
1.4
5.1
17.8
1.7
28.4
2.9
13.5
12.0
2.9
7.8
21.6
2.0
9.3
10.3
31.4
8.2
16.2
12.3
49.9
5.2
25.7
19.1
53.0
7.3
21.6
24.l
64.8
11.9
26.3
26.6
67.8
12.6
21.8
33.3
4.0
28.2
4.3
30.0
3.2
31.5
4.2
33.2
0.2
11.2
32.7
0.6
11.1
35.5
1.3
12.4
38.7
1.8
14.2
41.7
2.9
15.0
45.6
18.6
48.4
4.6
1.0
22.7
53.l
10.8 28
29.6 29
57.3 30
5.6
o.3
0.3
6.1
6.6
8.5
0.2
0.2
11.5
0.3
12.2
12.5
13.0
12.7
14.3
16.0
31
16.2 32
78.9
1.9
3.8
70.3
2.9
86.l
2.2
3.6
76.4
3.9
91.7
2.5
3.5
81.5
4.3
100.0
2.8
4.1
91.7
1.4
106.6
3.4
3.5
100.4
-.7
119.6
4.1
3.5
114.l
-2.2
135.3
5.2
3.4
126.6
0.1
140.8
6.0
3.4
135.4
-3.9
169.2
6.6
3.5
151.8
7.3
196.0
7.5
3.5
178.2
6.7
217.2
8.3
3.2
208.5
211.4 33
9.3 34
3.l 35
224.8 36
-25.8 37
5.8
5.9
0.4
6.5
Cl> Corporate bonds include net issues by Netherlands Antilles subsidiaries;
U.S. direct investment abroad is before subtractin9 net inflows of
capital from Netherlands Antilles subsidiaries to U.S. parents.
BILLIONS OF DOLLARS
22.6
-2.8
24
25
26
27
-
DECEMBER 1988
Forei9n Sector
Forei9n Sector
86
Sector Statements of Financial Assets and Liabilities
--·---------------------
VEAR END OUTSTANOINGS, 1982-87
VEAR END OUTSTANOINGS, 1982-87
1982
1984
1983
1985
1986
1987
Foreign Sector
l
2
3
4
423.9
16.0
34.9
-87.9
493.6
17.5
35.4
-75.5
582.3
19.5
40.0
-73 .2
714.6
21.1
43.7
-58.6
916.9
23.8
41.0
-45.9
1074.9
22.4
42.0
-1.8
5
12
13
6.0
76.3
22�.l
161.l
131.8
29.3
41.0
15.6
6. 3
6.5
96.4
247.7
176.8
138.3
38.5
45.5
18.3
7.1
6.6
94.5
305.6
205.6
143. 0
62.6
60.4
31.3
8.3
7.3
123.7
367.9
229.9
141.9
88.0
97.l
32.9
8.1
10.7
166.7
465.7
275.3
175.0
100.2
137.3
43.9
9.2
12.9
173.4
528.2
316.0
220.0
96.0
157.6
45.2
9.4
14
15
27.8
26.4
27.9
28. 3
29.0
29.l
16
17
18
126.8
124.7
2.2
139.2
137.l
2.1
161.3
164.6
-3.3
181.2
184.6
-3.4
225.9
220.4
5.5
19
506.8
524.7
527.0
540.1
20
21
17.6
46.3
17.6
47.6
18.2
41.8
24.8
37.5
22
23
209.9
61.l
227.3
64.2
235. 1
68.0
24
25
26
27
33.8
5.4
15.l
13.3
37.4
8.5
14.2
14.8
28
29
30
15.l
38.2
61.8
31
32
33
34
35
36
37
6
7
8
9
10
11
Total f1 nancial assets
U.S. checkable dep.
U.S. time deposits
Net interbank claims
l
2
3
4
Security RPs
U.S. corporate equities
Credit market instruments
U.S. 9overnment securities
Official holdings
Private holdings
U.S. corporate bonds (1)
Loans to U.S. nonbanks
Open market paper
5
6
7
8
9
10
11
12
13
Security credit
Trade credit
14
15
268.8
261.9
6. 9
Miscellaneous assets
Direct investment in U.S.
Other
16
17
18
597.2
660.5
24.4
43.2
Total liabilities
U.S. official f9n. exchan9e
& net IMF position
U.S. private deposits
19
29.l
41>, 6
236.7
71.8
238.2
74.8
244.3
81.6
Credit market instruments
Corporate bonds
22
23
30.8
7.6
11. 0
12.;.'!
27.9
6.2
9.7
12.l
26.9
6.2
10.7
10.0
23.3
5.3
7.9
10.2
Bank
To
To
To
21.5
38.0
66.l
27.7
39.0
69.6
33.9
31.6
71.4
37.4
26.3
72.8
41.2
27.6
70.4
28
Commercial paper
Acceptance 11abs. to banks 29
30
u.s. 9overnment loans
13.5
13.7
13.2
12.6
12.2
13.2
219.5
10.6
3.4
213.3
-7.8
218.5
ll.3
3.5
215.9
-12.2
218.7
12.9
3.9
221.9
-20.0
228.5
14.4
1.8
238.0
-25.8
271.l
15.9
0.8
261.7
-7.2
335.4
17.2
0.8
308.4
9.0
loans n.e.c.
foreign official
foreign banks
other fore19n
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
24
25
26
27
Security debt
Trade debt
31
32
Miscellaneous liabilities
u.s. eq. in IBRD, etc.
U.S. 9overnment deposits
U.S. dir. inv. abroad <l>
Other
33
34
35
36
37
(1) Corporate bonds include net issues by Netherlands Antilles subsidiaries;
U.S. direct investment abroad is before subtracting net inflows of
capital from Netherlands Antilles subsidiaries to U.S. parents.
BILLIONS OF DOLLARS
20
21
DECEMBER 1988
Banking System
Banking System
87
Sector Statements of Financial Assets and L1 ab111t ies
VEAR END OUTSTANDJNGS, 1970-81
VEAR END OUTSTANDJNGS, 1970-81
1970
1971
1972
1973
1974
1978
1975
1976
1977
---------------------------------------------------Monetary Authority
----------------------
Total financ1 al assets
Gold and foreign exchange
Treasury currency
SOR certificates
5
Federal Reserve float
6
F.R. loans to domestic banks
7
Security RPs
86.l
10.9
7.1
0.4
4.3
o.3
94.6
10.l
7.6
0.4
4.3
106.9
11.5
8.7
0.4
3.1
l.3
0.l
113.4
11.6
9.3
0.4
2.0
0.3
1.4
124.8
11.7
10.2
0.5
3.7
0.2
1.7
134.5
11.7
10.8
1.2
1.5
97.6
10.5
8.3
0.4
4.0
2.0
O.l
Credit market instruments
U.S. government securities
Treasury issues
Agency issues
Acceptances
Bank loans n.e.c.
Miscellaneous assets
62.2
62.l
62.l
O.l
69.6
69.5
69.0
0.5
O.l
71.2
71.l
69.8
1.3
0.1
80.5
80.4
78.5
1.9
O.l
85.3
84.8
80.l
4.7
0.6
93.5
92.8
86.7
6.1
0.7
o.9
1.1
1.1
1.4
3.2
86.l
2
3
4
8
9
10
11
12
13
14
1981
-------------------------
1979
1980
166.7
13.6
13. l
1.8
6.8
1.5
173.8
16.2
13.8
2.5
4.5
1.8
3.3
182.0
16.2
14.5
3.3
1.8
l.6
3.7
143.0
11.7
11.3
l.3
�.8
o.3
3.3
156.2
13.2
11.8
l. 3
6.5
100.3
100.l
93.3
6.8
0.2
108.9
108.9
100.9
8.0
117.4
117. 4
109.5
7.9
124.5
124.5
116. 3
8.2
128.0
128.0
119.3
8.7
3.2
3.0
2.4
3.0
3.1
3.6
136.9 8
1�6.9 9
127.7 10
9.l 11
12
13
4.1 14
2.6
4.8
1.2
1.8
2.4
2
3
4
5
6
7
-
15 Total liabilities
16
Depository inst. reserves
17
Vault cash of coml. banks
24.2
94.6
27 .8
7.5
97.6
25.6
8.6
106.9
27.l
10.7
113.4
25.8
ll.6
124.8
26.l
12.3
134.5
7.0
12.1
25.2
143.0
26.9
13.9
156.2
31. 2
15.5
166.7
29.8
18.5
173.8
27.5
19.8
182.0 15
25.� 16
18.6 17
18
19
20
21
Checkable dep. and currency
Due to U.S. government
Due to foreign
Currency outside banks
52.0
1.6
0.3
50.0
56.5
2.5
0.5
53.5
60.4
2.2
0.4
57.9
65.0
2.9
o.3
61.8
71.9
3.3
0.5
68.l
82.6
7.8
0.5
74.4
93.2
10.9
0.6
81.7
98.0
7.5
0.6
89.9
104.3
4.4
0.7
99.2
112.5
4.6
0.8
107.l
121.5
3.5
0.5
117.5
132.4
4.7
0.7
126.9
22
Miscellaneous liabilities
2.9
2.8
2.9
4.2
4.0
3.8
4.0
4.:!
5.2
6.0
5.l
761.3
1.0
668.8
88.8
59.2
29.6
836.4
0.8
733.3
89.5
56.3
33.2
885.9
0.9
765.3
l:! 1.0
86.4
34.6
961.3
0.7
832.6
141.7
105.7
36.0
1068.7
1.3
923.l
141.9
105.0
36.8
1221.0
l.5
1048.8
141.l
97.2
43.8
1355.9
1481.9
2.9
1270.7
176.0
115.l
60.9
1613.4
3.9
1371.2
187.7
117.o
70.7
6
8
--------------------l Total financial assets
2
Checkable dpp. and currency
3
Total bank credit
4
U.S. govt. securities
5
Treasury issues
6
Agency issues
7
Tax-,xempt obligations
Corporate & foreign bonds
9
Total loans
Hortgag,s
Consumer credit
Bank loans n.e. c.
Open-market paper
Security credit
8
10
11
12
13
14
15
16
Corporate equitil!s
Cust. liabs. on acceptances
Vault cash
Reserves at F.R.
Miscellaneous assets
-·----------------------------Commercial Banking Cll
--------------------------------------------
5.8 22
517.5
0.4
461.3
76.4
62.5
13.9
578.6
0.5
512.4
83.6
17.9
663.5
0.7
587.5
90.0
68.l
22.0
70.2
3.0
82.8
3.9
90.0
5.2
95.7
101.l
102.9
8.4
106.0
7.8
115·.· ·2
7.7
126.2
7.4
135.6
7.l
149.2
7.7
154.2
7.7
;!;11.6
73.3
65.6
151.5
342.0
82.5
74.3
162.9
402.2
576.9
151.3
118.0
271.9
14.0
21.7
658.2
179.0
140.3
300.7
14. 3
23.9
774.0
214.0
166.5
359.5
i 3.0
21.0
876.6
186.4
409.7
15.2
20.2
937.7
262.7
180.2
457.0
16.9
20.9
1021.6
13.8
535.9
132.l
103.0
278.7
9.2
13.0
532.8
136.2
106.l
13.0
478.6
119.1
99.6
237.8
7.0
15.2
8.2
65.6
8.5
99.3
87.0
189.0
8.3
18.6
5.6
6.6
265.2
10.3
15.0
2.2
1169.7
150.2
99.0
51.2
245.2
O.l
0.1
0.l
0.2
0.2
0.2
0.2
0.2
O.l
0.1
O.l
7.1
7.o
24.2
17.5
7.9
7.5
27.8
6.9
8.6
25.6
34.l
8.9
10.7
27.l
44.9
18.5
11.6
25.8
46.3
18.7
12.3
26.l
62.7
22.5
12.l
24.9
15.5
31.2
99.l
32.5
18.5
29.8
103.3
39.8
19.8
27.5
121.2
18
19
20
21
284.2
184.2
509.2
17.7
26.2
l
2
3
4
5
7
9
10
11
12
13
14
0.1 15
51.l
18.6
25.2
143.4
16
17
18
19
68.2
25.7
13.9
26.9
77.9
20 Total liabilitifS
495.4
559.7
648.3
746.4
824.8
878.9
953.8
1065.4
1218.0
1348.4
1473.4
1619.3 20
21
189.8
7.9
6.4
175.5
202.9
10.2
6.0
186.7
222.6
23
24
Checkable deposits
U.S. government
Foreign
Private domestic
10.9
7.9
203.8
235.4
9.9
10.9
214.6
235.2
4.8
13.5
216.9
242,8
3.l
13.2
2�b.5
256.l
3.0
16.2
236.9
280.6
7.3
18.7
254.6
306.0
14.l
18.3
273.6
332.4
14.5
22.7
342.0
11.9
22.9
307.l
350.6 21
10.8 22
19.0 23
320.8 24
25
Small time g savings dep.
179.9
208.5
233.0
245.6
263.7
303.5
358.0
386.l
399.3
428.8
473.6
513.7 25
26
27
Large time deposits
Fed. funds & security RPs
54.0
4.7
66.6
8.7
84.5
10.8
122.5
27.l
161.9
28.5
152.0
29.9
136.7
43.8
162.7
54.4
211.2
76.9
225.0
272.2
114.8
323.8 26
129.6 27
28
29
30
31
Net interbank claims
To monetary authority
To domestic banks (2)
To foreign banks
17.3
4.6
-7.9
3.9
-16.0
-19.2
4.1
-22.5
-2.0
4.4
-1.l
1.6
4.6
10.5
11.9
4.4
1.7
5.8
4.9
2.2
-8.3
9.5
6.�
-11.7
-17.l
-68.8 28
� .4 29
-17.2 30
-55.0 31
32
33
34
Credit market debt
Corporate bonds
Open-market paper
12.7
3.2
15.2
5.2
17.9
8.3
91.4
9.6
23.l
9.2
13.9
68.2
23.2
112.1 32
25.2 33
86.9 34
35
36
Profit taxes payable
Miscellaneous liabilities
1.0
36.l
0.9
45.0
o.7
68.0
455.3
506.4
575.7
17
18
19
22
37 Memo:
Credit mkt. funds 1dv.
9.5
22.5
9.9
10.7
6.0
6.8
94.3
9.4
-9.5
-3.l
-15.4
-16.4
-8.3
7.7
-6.0
-10.0
37.4
10.4
27.0
42.0
14.5
27.6
48.6
18.0
30.6
56.l
21.l
35.0
63.2
22.l
41.l
76.4
21.9
54.5
0.8
87.0
o.9
92.6
0.6
116.0
0.6
125.9
0.8
143.9
o. 9
168.7
180.8
201.2
0.8
0.5 35
257.9 36
662.4
738.7
768.8
833.2
924.6
1052.6
1181.8
1289.5
1396.0 37
..
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
295.2
-2.4
2.3
1.9
0.4
Cll Consists of u.s.-chartered commercial banks, domestic affiliatesCBHC'sl,
Edge Act corporations, agencies and branches of foreign banks, and banks
in U.S. possessions. Edge Act corporations and offices of foreign banks
appear togetiler in thl!se tables as "foreign banking offices in U.S.
IBF's are excluded from' domestic banking and treated like branches in
foreign countries.
(2) Floats 1nd discrepancies in interbank deposits 1nd loans.
BILLIONS OF DOLLARS
25.2
:?.6
-6.9
8.2
l.'i
DECEMBER 1988
Banking System
Banking System
Sector Statements of Financial Assets and Liabilities
----------
VEAR END OUTSTANDINGS, 1982-87
1982
-----------l
2
3
4
5
6
7
8
9
10
11
12
13
14
1983
1985
1986
1984
-----------------------275.3
20.5
17.6
5.0
1.3
1.6
16.0
286.l
16.7
18.2
2.0
243.4
18. l
17. l
4,7
1.0
3.1
5.2
167.6
167.6
159.2
8.4
186.0
186.0
177.8
8.2
205.5
205.5
197.6
7.8
230.l
230.l
203.9
14 .8
15.7
4.6
1.6
0.9
2.0
218.5
14.6
16.4
144.5
144.5
135.6
159.2
159.2
150.6
8.6
8.9
4.6
0.9
3.6
7.6
5.1
8.8
8.3
8.0
10.2
15
16
17
218.5
21.8
24.2
243.4
28.6
25.5
275.3
48.l
25.7
286. l
41.8
24.9
18
19
20
21
142.5
155.5
4 .1
194.7
211.4
136.6
150.9
165.8
5.8
0.4
182.4
0.5
159.6
171.9
0.4
186.3
0.3
205.4
22
5.9
5.9
6.6
6.9
6.9
8.0
3
4
5
6
-----------------------------------
1724.3
3 .8
1445.3
214.6
136.3
78.2
8.0
Total 11at-ilities
Depository inst. reserves
vault cash of coml. banks
5.8
Commercial Banking
-----·---------(l)
--·---------·---------
2743.4
2,7
2283 .1
343.6
20l.2
142.5
Total financial assets
Checkable dep. and currency
Total bank credit
U.S. govt. securities
Treasury issues
Agency issues
231.3
23.7
202.8
47.3
173.7
71.3
Tax-exempt obligat1 ons
Corporate & foreign bonds
1591.6
502,5
316.7
721.6
11.l
39.6
1694.5
591.2
335.1
720.8
13.0
34.4
163.2
13.5
9
10
11
12
13
14
1063.3
301.3
190.9
526.8
18.l
26.2
1145.2
330.5
213.7
55(,.5
15. 9
28.7
1300.4
379.5
258.8
613.2
14.4
34.5
1435.5
429.2
296.3
652.6
11.9
15
0.1
0.1
0.1
0.1
54.4
25.7
48.l
308.5
60.9
24.9
41.8
330.l
45.4
16
17
18
19
58.8
19.5
26.5
170.4
65.7
21. 0
21.4
177.6
69.4
24.2
21.8
231.8
60.0
25,5
28.6
264.2
Total loans
Mortgages
Consumer credit
Bank loans n.e.c.
Open-market paper
Security credit
Corporate equities
20
1740.4
1904.7
2093.7
2318.5
2552.2
2705. l
21
22
23
24
369.8
16.9
l�.6
337.3
385.7
11.S
17.0
357.l
414.9
15.5
19.l
380.2
468.8
25.8
20.6
562.9
. 27.5
�5.4
512.0
543.l
21.6
25
611.4
7�2.2
816.8
897.2
968. 7
26
27
329.5
138.8
281.2
153.6
319.5
155.2
331.2
186.4
28
29
30
31
-102.2
3.5
-17.7
-87.9
-99.0
2.5
-26.l
-75.5
-89.4
4.4
-20.7
-73.2
32
33
34
130.8
31.2
99.6
147.9
39.6
108.3
35
36
0.4
261.9
37
14 77.8
10
11
12
13
14
15
16
17
22
2597.7
2.5
2158.6
316.8
203.5
113.3
8.8
7
8
9
Miscellaneous liabilities
2344.6
2.3
1964.0
273.5
198.2
75.3
158.5
4
5
6
20
21
2105.8
2.4
1756.2
263.7
186.0
77.7
7
1
2
3
Checkable dep. and currency
Due to U.S. government
Due to foreign
Currency outside banks
1874.4
3.5
1585. l
263.l
184.2
79.0
174. 2
17.8
8
Credit market instruments
U.S. government securities
Treasury issues
Agency issues
Acceptances
Bank loans n.e.c.
Miscellaneous assets
222.6
203.9
21.4
21.0
9.9
0.5
Total financial assets
Gold and foreign exchange
Treasury currency
SOR certificates
Federal Reserve float
F.R. loans to domestic banks
Security RPs
s.o
4.1
1
2
1982-87
-----------
0.8
3.8
1.3
194.4
26.5
19.5
5.5
0.4
88
Monetary Authority
194.4
16.9
15.0
4.6
2. 7
0.7
5.8
1987
VEAR END OUTSTANDINGS,
--------------------
Cu�t. l1abs. on acceptancl's
Vault cash
Reserves at F.R.
Hiscellaneous assets
Total liabilities
18
19
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
499.4
Checkable deposits
U.S. government
Foreign
Private domestic
21
22
23
24
996.l
Small time g savings dep.
25
334. 4
205.6
376.5
216.6
Large time deposits
Fed. funds & security RPs
26
27
-69.0
4.0
-14.4
-58.6
-61.9
2.8
-18.9
-45.9
-20.8
4.6
-23,7
-1.8
Net interbank claims
To monetary authority
To domestic banks (2)
To foreign banks
28
29
30
31
170. 7
52.5
118.3
180.4
69.4
111.0
176.8
75.0
101.9
186.8
77 .o
109.8
Credit market debt
Corporate bonds
Open-market paper
32
33
34
292.8
0.3
0.3
305.7
0.4
323.2
0.4
365.3
0.4
406.3
Profit taxes payable
Miscellaneous liabilities
35
36
1622.l
1791.l
1978.5
2173.2
2309.6
422.4
2;! .. l
Memo:
Credit mkt. funds adv.
Cll Consists of u.s.-chartered commercial banks, domestic affiliatesCBHC'sl,
Ea9e Act corporations, agenci�s 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 in U.S."
lBF's are excluded from d.omestic banking and treated like branches in
foreign countries.
C2l Floats and discrepancies in interbank deposits and loans.
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
37
DECEMBER 1988
Commercial Bank1n9 Subsectors
89
Commercial Bankins Subsectors
Assets and Liabilities of Component Groups of Commercial Bankin9
-------------
VEAR ENO OUTSTANDING$, 1970-81
VEAR ENO OUTSTANDINGS, 1970-81
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
U.S.-Chartered Commercial Banks
1 Total financial assets
Total bank credit
2
3
4
5
U.S. 9overnment securities
Treasury issues
Asency issues
6
Tax-exempt obl19ations
Corporate & foreisn bonds
8
Total loans
Mortsases
Consumer credit
Bank loans n.e.c.
Open-market paper
Security credit
7
9
10
11
12
13
14
15
16
Cust. liabs. on acceptances
Vault cash & res. at F.R.
Miscellaneous assets
17 Total liabilities
489.7
448.0
75.7
61.7
13.9
545.3
499.0
82.9
64.9
17.9
616.3
570.5
88.7
66.9
21.7
696.3
646.0
87.3
58.2
29.l
757.5
702.3
88.0
55.4
32.6
792.7
732.8
118.l
83.9
34.2
853.3
793.8
137.7
102.0
35.7
944.6
877.3
136.4
99.8
36.6
1066.l
983.6
136.5
93.1
43.4
1173.4
1088.2
143.5
92.7
50.8
1266.l
1171.l
168.5
107.9
60,5
1365.2
1262 .5
179.9
109. 7
70.l
l
2
3
4
69.6
2.4
82.4
3.6
89.5
4.8
95.1
5.2
100.4
6.2
102.0
8.0
104.6
7 .3
113.8
7.0
124.7
6.4
134.2
147.4
6.4
153.l
6.4
6
7
300.3
72.5
65.6
142.8
7.3
12.1
330.l
81.6
74.3
153.8
7.5
12.9
387.5
98.4
87.o
177.6
7.l
17, 4
458.4
118.0
99.6
220.7
5.5
14.6
507.7
130.5
103.0
254.7
7.l
12 .4
504.7
134.3
106.l
241.5
544.2
149.5
118.0
244.4
11.5
20.8
620.0
177.1
140.3
268.4
11.6
22.6
716.0
804.6
242.6
186.4
345.7
11.2
18.8
848.9
258.7
180.2
377.9
923.2
166.5
308.2
9.4
19.6
8
9
10
11
12
13
31.2
4.8
5.6
6.3
35.3
4.7
5.5
34.3
6.0
7.1
37.7
5.4
14.8
37.5
2.9
15.0
38.3
18.0
37.3
4.2
20.5
40.8
6.0
20.1
46.l
16.3
26.1
47.7
11.3
32.0
46.5
16.5
467.6
182.5
7.9
5.7
168,8
526.5
195.5
10.2
5.2
180.l
601.2
218.4
10.9
6.3
201.2
681.4
230.9
745.8
9.9
8.6
212.4
4.8
10.6
214.1
785.7
236.5
3.1
10.2
941.3
269.0
7,3
13.5
248.l
1063,l
291.9
14. I
13.5
264.3
1165.8
317.5
14.5
17.0
286.0
1257.7
328,2
11.9
16.9
299.4
8.2
14.6
6.6
212.3
5.9
12.2
19.9
278.4
184.2
424.l
11.9
24.6
5
40.2 14
42.5 15
19.9 16
223.2
845.8
247.5
3.0
11.9
232.7
22
Small time
savinss dep.
179.9
208.5
233.0
245.6
263.7
303.5
358.0
386.l
399.3
428.8
473.6
513.7 22
23
24
Lar9e time deposits
Fed, funds & security RPs
52.6
4.7
65.0
8,7
82.l
10.8
119.2
27.l
157.4
28.5
144.l
29.9
128.4
43.8
152.2
54.4
194 .3
76.9
204.5
94.3
243.8
114.8
287.7 23
129.6 24
25
26
27
28
29
Net interbank liabilities
Federal Reserve float
Borrowins at F.R. banks
To domestic banks
To foreisn banks
15,2
4.3
0.3
8.7
4.3
-.2
3.1
1.3
-4.1
-.4
-4.9
2.0
0.3
-4.5
-2.7
-12.7
3.7
-22.0
2.6
-22.9
-11.1
-4.6
-20.0
3.8
0.3
-5.3
-21.7
-22.1
6.5
1.2
-10.2
-19.6
-17.5
6.8
1.5
-18.9
-6.8
-57.2
4.5
1.8
-33.0
-30.4
-78.0
1.8
1.6
-46.6
-34.8
30
31
32
Acceptance liabilities
Corporate bonds
Profit taxes payable
5.6
7.2
4.1
14.9
4.3
0.9
15.1
4.5
18.2
0.8
0.6
0.6
5.2
20.7
5.7
0.8
20.3
5.9
0.9
27.3
6.1
1.4
33.6
6.3
0.8
42.l 30
6.2 31
0.5 32
33
34
Miscellaneous liabil1ties
Inv. bv dom. affiliates
Other
18
19
20
21
35
Checkable deposits
u.s. sovernment
Foreisn
Private domestic
36 Memo:
&
Credit 111kt. funds adv.
229.5
4
5
'
7
8
9
10
11
12
13
14
Tax-exempt obl19at1ons
Corporate bonds
Total loans
Mort9a9es
Bank loans n.e.c.
Open-market paper
Security credit
Corporate equities
Cust. liabs. on accepts.
Member bank reserves
Miscellaneous assets
15 Total 11abil1t1ts
16
Checkable dep.
17
18
19
20
21
4.5
6.1
3.3
1.0
5.4
4.0
2.0
-1.0
0.5
5.7
2.1
1.0
6.4
3.0
0.9
4.1
o.7
23.9
10.0
13.9
29.9
15.0
14.9
41.0
21.0
20.0
46.7
25.0
21.7
51.5
32.0
19.5
64, 1
39.0
25.l
66.0
43.6
22.4
75.3
50.l
25.l
95.6
54.9
40.7
103.4
60.4
43.0
113.7
67.2
46.5
126.4 33
75.0 34
51.3 35
441.5
492,4
558.6
638.6
704.7
733.2
791.0
875.3
984.l
1095.6
1183,2
1278.l 36
40.2
34.9
1.4
0.3
0.4
32.5
0.1
28.5
2.6
1.3
0.2
62.0
54.5
1.9
0.2
0.6
51.8
0.l
46.6
3.6
1.4
0.1
78.5
69.5
2.4
0.2
0.7
66.0
101.2
87.4
2.9
0.4
o.7
83.3
2.2
75.3
4.8
1.0
0.1
124.8 l
97 .4 2
3.5 3
o.3 4
1.0 5
92.5 6
3.9 7
81.1 8
5.8 9
l.6 10
0.l 11
0.2
-5.6
Forei9n Bankin9 Offices in
1 Total financial assets
Total bank credit
2
3
U.S. 9overn111ent securities
1371.l
343.0
10.8
13.9
318.3
9.3
9.0
0.5
0.4
0.6
7.5
5.8
0.9
0.9
0.1
9.9
8.9
0.3
0.2
0.3
8.1
14.7
12.5
0.8
0.l
0.3
11.2
6.3
0.9
0.9
0.1
1.2
8.8
1.2
0.l
19.1
16.4
o.9
0.2
o.3
14.9
0.l
12.8
1.4
0.6
0.2
o.3
21.8
0.l
19.l
2.l
0.5
0.2
27.6
23.6
1.1
0.2
29.2
24.7
o.9
0.2
0.3
23.0
0.2
20.3
2.1
0.4
0.2
34.5
29.5
1.5
0.2
0.3
27.3
0.1
23.8
2.5
0.9
0.2
25
26
27
28
29
u.s.
0.9
59.8
4.0
1.4
0.1
1.4
1.6
1.4
1.8
3.7
3.7
4.5
5.1
-1.2
-.5
0.8
0.9
0.3
0.8
0.5
0.2
4.8
o.6
2.1
0.6
2.l
5.2
7.8
0.7
9.3
9.9
7.4
1.7
14.7
4.2
2.4
10.9 12
1.3 13
15.2 14
19.l
4.5
27.6
5.7
4.5
29.2
6.2
34.5
8.6
8.3
40.2
11.6
10.5
62.0
14.l
16.9
78.5
14.8
20.5
101.2
13.7
28,4
124.8 15
7.6 16
36.0 17
18
6.3
17
18
Ti111e deposits
Fed, funds and securitv RPs
7.3
1.4
19
20
21
Net interbank liab111ties
To foreisn banks
To do111est1c banks
2.1
4.4
-2.3
3.2
4.8
-1.6
5.3
6.3
-1.0
7.6
4.5
3.0
12.2
6.5
5.6
8.5
5.1
3.4
10.6
8.1
2.5
9.7
9.0
o.7
20.2
12.4
7.8
30.8
18.l
12.6
40.6
17.3
23,3
22
23
26.2 19
-10.0 20
36.3 21
Acceptance liabilities
Miscellaneous 11ab1lit1es
l.4
-2.9
1.6
-4.0
1.4
1.3
1.8
1.9
3.7
1.5
3.8
2.8
4.6
5.2
4.9
5.9
6.8
8.6
11.9 22
43.l 23
BIU IONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3.4
7.9
2.4
3.2
5.6
9.7
-
DECEMBER 1988
Commercial Banking Subsectors
Commercial
Banking
Subsectors
Assets and Liabilities of Component Groups of Commercial Banking
90
VEAR END OUTSTANDINGS, 1982-87
VEAR END OUTSTANDING$, 1982-87
---------------------------------------------------------------------1982
1984
1983
1985
1986
1987
U.S.-Chartered Commercial Banks
1
2
1
Total financial assets
2
Total bank credit
U.S. government securities 3
4
Treasury issues
5
Agency issues
1471.9
1364.0
206.8
129.2
77.6
1603.2
1497.9
251.0
172. 7
78.3
1801.0
1664.1
252.3
175.2
77.1
1994.1
184 7.5
256.9
182.6
74.2
2171.6
2011.4
299.2
188.5
110.7
2262 .1
2108.4
324.1
185.4
138.6
157.5
8.1
161.3
11.7
173.9
15.0
231.1
17.2
202.8
35.6
173.7
56.3
10
11
12
13
991.6
294.9
190.9
467.7
13.0
25.1
1073.9
323.9
213.7
495.2
14.1
27.0
1223.0
372.6
258.8
546.2
13.6
31.7
1342.3
422.o
296.3
574.7
10.8
38.5
1473.8
492.3
316.7
622.2
10.0
32.5
1554.4
575.7
335.1
603.1
11.2
29.4
1"4
15
16
47.2
44.4
16.3
51.8
41.4
12.0
48.9
44.8
43.2
37.9
52.2
56.5
30.6
71.2
58.4
29.6
64.5
59.6
17
18
19
20
21
1488.0
363.9
16.9
11.6
335.4
1633.5
379.4
11.5
12.9
355.0
1788.9
409.7
15.5
15.8
378.3
1968.0
461.4
25.8
15.9
419.7
2126.1
554.6
27.5
18.6
508.5
2223.7
535.5
21.6
17.2
496.7
22
611.4
742.2
816.8
897.2
968.7
996.1
Small time & savings dep.
22
23
24
289.6
138.8
250.8
150.1
284.7
152.0
295.6
178.8
289.0
189.6
'326.7
202.2
Large time deposits
Fed. funds & security RPs
23
24
25
26
27
28
29
-103.1
2.7
o.7
-48.8
-57.8
-93.3
1.6
0.9
-45.9
-49.9
-87.6
0.9
3.6
-40.4
-51.6
-79.8
1.0
3.1
-42.3
-41.5
-86.3
1.3
1.6
-44.9
-44.2
-65.4
0.8
3.8
-43.0
-27.1
Net interbank liabilities
Federal Reserve float
Borrowing at F.R. banks
To domestic banks
To foreign banks
25
26
27
28
29
30
31
32
51.6
6.8
0.4
54.6
6.6
0.3
51.1
10 .1
0.3
40.2
14.6
0.4
31.5
16.8
0.4
30.5
17.5
0.4
Acceptance liabilities
Corporate bonds
Profit taxes payable
30
31
32
33
34
35
128.6
88.3
40.3
142.7
100.9
41.8
151.7
111.2
40.5
159.6
116.8
42.9
161.7
116.5
45.3
180.3
115.0
65.3
Miscellaneous l1ab1lities
Inv. by dom. affiliates
Other
33
34
35
36
1386.l
1522.7
1681.4
1846.9
2009.5
2108.6
3
4
5
8
9
Tax-exempt obligations
Corporate & foreign bonds
Total loans
Mortgages
::onsumer credit
Bank loans n.e.c.
Open-market paper
Security credit
Cust. liabs. on acceptances
Vault cash & res. at F.R.
Miscellaneous assets
Total liabilities
Checkable deposits
U.S. government
Foreign
Private domestic
Memo:
Credit mkt. funds adv.
8
9
10
11
12
l3
14
15
16
17
18
19
20
21
36
Foreign Banking Offices in U.S.
1
2
3
126.0
81.9
5.4
0.1
2.8
73.6
5.6
64.4
0.9
2.8
1"47.3
102.0
5.9
187.0
135.4
9.5
230.6
160.7
10.3
6.3
89.7
5.7
75.8
1.2
7.0
0.1
11.3
114.5
8.7
97.7
1.0
7.l
14.3
136.l
13.8
115.5
1.9
5.0
Total financ�al assets
l
Total ban� credit
2
U.S. g1vernment securities 3
4
Tax-e·.empt obligations
Corporate bonds
5
Totel loans
6
M�rtgages
7
B•nk loans n.e.c.
8
Open-market paper
9
Security credit
10
Corporate equities
11
7
8
9
10
11
6
67. 3
5.0
56.1
5.1
1.2
0.1
112.6
74.6
6.0
0.2
1.1
67.3
5.2
58. 7
1.7
1.6
0.1
12
13
14
11.6
1.7
25.3
13.9
1.0
23.l
20.5
1.3
22.3
22. l
2.0
21.2
23.8
2.6
25.2
31.3
2.l
36.4
15
16
17
18
111.3
5.9
40.0
112.6
6.3
30.4
3.5
126.0
5.2
34.7
3.2
147.3
7.3
35.6
7.6
187 .o
8.3
45.4
16. l
230.6
7.6
49.9
14.4
Total liabilities
Checkable dep.
Time deposits
Fed. funds and security RPs
15
16
17
18
20
21
19
20.8
-17.8
38.6
24.7
-10.1
34.9
-5.5
27.8
37.8
33.3
38.4
-.6
50.7
13.6
37.2
66.5
37.1
29.4
Net interbank l1ab111ties
To foreign banks
To domestic banks
20
21
22
23
13.4
31.l
15.7
32.1
22.9
32.l
24.4
34.5
27.2
39.3
34.7
57.6
Acceptance liabilities
Miscellaneous liabilities
22
4
5
111.3
72.7
4.3
0.3
o. 7
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
O. l
Cust. liabs. on accepts.
Member bank reserves
Miscellaneous assets
12
13
14
19
23
DECEMBER 1988
Commercial Banking Subsectors, Continued
91
Commercial Banking Subsectors, Continued
Assets and Liabilities of Component Groups of Co111111ercial Bankin9, Continue
VEAR END OUTSTANDING$, 1970-81
VEAR END OUTSTANDING$, 1970-81
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
Domestic Affiliates of Commercial Banks CBHC'sl
Total f1 nancial. assets
2
3
Credit 111arket instruments
U.S. 9overnment securities
Bank loans n.e.c.
5
6
Miscellaneous assets
Inv. in bank subsidiaries
Inv. in finance co. subs.
Other
4
7
8
9 Tota.l liabilities
10
11
12
Net interbank claims
To domestic banks
To foreign banks
13
14
Credit market debt
Corporate bonds
Commercial paper
16
17
Miscellaneous 11ab1iit1es
Equity, etc.
Other
15
18
14.8
19.0
27.7
40.7
46.0
57.7
66.8
76.3
84.7
94.7
103.6
109.8
3.0
2.8
2.6
4.3
4.9
4.9
5.8
7.8
2.6
4.3
4.9
2.1
7.6
2.8
6.7
2.l
8.0
3.0
7.2
3.3
3.7
4.0
11.8
10.0
16.2
15.0
25.0
4.3
7.0
41.l
32.0
5.0
4.l
52.8
39.0
61.0
69.2
10.8
2.6
50.l
16.3
2.7
20.7
2.4
60.4
24.l
2.3
96.0
67 .2
26.9
l.9
102.0
75.0
24.3
2.6
5
6
3.0
14.7
54.9
1.8
25.l
21.0
!LO
1.2
36.4
0.6
0.6
14.8
19.0
27.7
40.7
46.0
57.7
66.8
76.3
84.7
94.7
103.6
109.8
9
-2.5
-2.7
0.8
-3.5
-3.7
-.2
-3.5
-4.6
-1.0
-3.6
-6.l
-2.4
-3.7
-6.4
-3.7
-2.7
-3.9
-2.5
-2.0
-1.9
-6.0
-1.9
-4.0
-17.0 10
-6.9 11
-10.2 12
10.0
5.1
14.4
6.l
18.7
10.0
20.7
12.8
7.9
24.5
15.4
9.l
32.0
16.2
36.l
15.8
20.4
42.8
16.9
25.9
52.0 13
19.1 14
33.0 15
33.2
28.5
4.7
34.3
32.7
1.6
42.7
40.0
2.7
50.8
44.7
57.9
49.8
59.l
53.4
5.7
62.5
58.5
66.8
64.8
74.8 16
72.9 17
1.9 18
3.4
1.1
2.3
11.3
9.7
1.6
4.2
2.2
2.0
6.8
14.8
11.2
21.0
18.3
3.6
4.2
2.6
2.6
4.9
8.3
1.5
3.4
8.7
3.8
43.6
6.0
3.8
8.1
4.6
78.0
15.8
3.7
4.2
86.7
3.9
3,9
2.0
3.8
2
3
4
7
8
Banks in U.S. Possessions
1 Total financial assets
Checkable dep. and currency
2
3
4
5
6
7
8
9
Credit market instruments
U.S. 9overnment securities
Tax-exempt obligations
_
Corporate bonds
Ho111e mort9ages
Co111111ercial 111ortga9es
Miscellaneous assets
10 Total deposit liabilities
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3.8
0.4
4.3
0.5
1.3
0.3
0.2
0.1
0.6
0.2
2.1
1.6
0.4
0.2
0.1
o.7
0.2
2.1
3.8
4.3
4.8
5.2
1.0
5.3
0.8
6.4
0.9
6.7
o.7
7.6
1.3
8.2
1.5
2.2
9.3
10.9
13.6
1.9
2.0
o. 6
0.4
0.1
0.7
0.3
2.2
2.5
0.3
0.6
0. l
0.8
o.7
2.0
2,9
0.4
o.7
0.l
0.8
o.9
2.6
3.5
0.5
1.1
0.2
0.9
0.8
2.5
3.8
0.3
0.1
o.7
0.2
2. l
0.7
l.0
0.3
o.9
0.9
2,5
4.0
0.6
1.4
0,4
1.0
0.6
2.6
4.0
o.7
1.1
0.5
1.1
0.6
3.0
1.4
0.6
1.2
0.6
3.5
4.6
0.8
3.4
0.5
0.8
o.3
1.2
0.6
6.4
4.8
5.2
5.3
6.4
6.7
7.6
8.2
9.3
10.9
o.7
0.6
2.9
3.9
1
2
3
4
5
6
7
8
9
13.6 10
DECEMBER 1988
Commercial Bank1n9 Subsectors. Cont1nutd
Commtrc1al Bank1n9 Subsectors, Continutd
Asuts and Li abi11ties of Component Groups of Commercial Bankin9, Cont1nut
1982
1983
1984
92
VEAR END OUTSTANDINGS, 1982-87
----------
YEAR END OUTSTANDINGS, 1982-87
1985
1986
1987
Domestic Affil1atu of Commercial Banks CBHC's)
128.6
145.4
170.l
194.3
229.3
240.8
2
3
4
5.7
2.7
3.0
6.8
4.3
7 .4
4.8
2.6
11.5
9.5
2.0
8.4
6.7
1.7
10.3
8.0
2.3
5
6
7
123.0
88.3
31.5
3.2
138.6
100.9
33.9
3.8
162.7
111.2
46.4
5.1
182.9
116.8
61.3
4.8
221.0
116.5
98.3
6.2
230.6
115.0
108.9
128.6
145.4
170.l
194.3
229.3
240.8
10
11
12
-19.9
-7.5
-12.3
-30.5
-15.0
-15,5
-29.7
-13.6
-1�.1
-27.0
-10.4
-16.6
-26.4
-11.l
-15.3
-21.9
-10.1
-11.8
Net inttrbank claims
To domestic banks
To forf19n banks
10
11
12
13
14
15
59.0
24.4
34.6
71.0
33.0
38.0
86.6
42.4
44.3
101.2
54.8
46.4
101.3
58.1
43. l
104.2
59.6
44.6
Crtdi t marktt debt
Corporatl! bonds
Commercial paptr
13
14
15
16
17
18
89.6
104.8
101.2
3.6
113.1
111.1
2.0
120.2
118.6
l .6
154.5
136.0
18.4
158.6
135.8
22.8
Hiscellan,ous liabili Un
Equity, ttc.
Other
16
17
18
8
86.9
2.7
2.,
6.6
Banks in
l
2
12.6
3.8
13.3
3.5
8.8
8.9
9.8
2.5
9.9
2.7
3
4
5
6
7
8
2.9
0.8
0.8
5.8
1.9
1.8
0.7
3.0
1.3
0.2
o.1
1.3
0.2
3.6
3.4
1.4
3.6
1.2
0.4
1.3
0.3
4.0
0.7
1.5
0.2
3.5
8.9
9.8
9.9
2.4
9
1.0
0.4
5.9
0.6
3.9
2.8
1.3
0.2
O. l
1.2
0.1
3.7
10
12.6
13.3
8.8
o.,
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2.3
Total financial assets
Crtdit 11arket instruments
U.S. 9overnmtnt securities
Bank loans n.,.c.
2
3
4
Miscellantous asstts
Inv. in bank subsidiaries
Inv. in financt co. subs.
Other
5
6
7
8
Total liabilities
u.s.
Possessions
Total financial ass,ts
Chtckablf dep. an_d cu-rrtncy
Credit 111arket instrumtnts
U.S. 9overnment securit1es
Tax-extmpt obl19ations
Corporate bonds
Home mort9a9es
Commercial mort9a9es
Miscellaneous assets
Total deposit liabilities
l
2
3
4
5
6
7
8
9
10
DECEMBER 1988
Non bank Finance Summary
93
YEAR END OUTSTANDINGS, 1970-81
Nonbank Finance Sum111ary
Sector Statements of Financial Assets and Liabilities
YEAR END OUTSTANDINGS, 1970-81
1970
1971
1972
1974
1975
-----------------
1973
1977
1976
1978
1979
1980
1981
2248.6
24.7
50.6
2.2
17.0
5.1
2558.5
27.3
64.9
2845.4
29.6
87.6
12.l
37.2
18.8
Private Nonbank Financial Institutions - Total
l Total financial assets
2
Checkable dep. and currency
3
Time and savin9s deposits
4
5
6
Honey market fund shares
Fed. funds & security RPs
Forei9n deposits
1
Mutual fund shares
Other corporate equities
9
16
17
Credit market instruments
U.S. 9ovt. securities
Treasury issues
A9ency issues
Tax-exempt obl19at1ons
Corporate & forei9n bonds
Hort9a9es
Consumer credit
Other loans
18
19
20
Security credit
Trade credit
Miscellaneous assets
8
10
11
12
13
14
15
21 Total Uab111t1es
22
Thrift deposits
23
Honey market fund shares
24
Security RPs
25
Insurance & pension reserves
26
Mutual fund shares
27
28
29
30
31
32
33
34
35
36
Credit market instruments
Corporate bonds
Hort9a9es
Bank loans n.e.c.
Open-market paper
Fed. Home Loan Bank loans
Security credit
Trade debt
Profit taxes payable
Miscellaneous liab1li ties
12.1
3.9
936.2
12.8
6.2
1082.8
14.4
1139.3
14.7
9.5
1173.8
15.3
15.6
1359.l
17.0
25.l
1546.0
18,2
23.2
0.4
1.2
1.7
3.7
6.1
5.1
6.7
1.7
1.8
194,9
1.8
237.0
2.2
204.2
2.5
157.5
3.4
215.4
249.4
621.8
41.2
29.5
11.7
23.6
160.5
302.2
44.4
679.1
41.4
25.5
15.9
27.6
173.6
333.9
54.4
48.2
763.5
48.4
25.9
22.6
32.2
188.9
377.4
60.1
56.4
848.5
51.7
24.0
27.7
35.8
201.4
423.2
70.7
65.7
913.7
57.3
25.1
32.3
37.4
217.1
448.2
75.9
77.1
1013.3
77.6
35.9
41.7
43.4
247.6
478.1
77.6
89.1
7.2
4.4
23.8
4.7
25.8
9.8
13.5
5.8
36.5
9.1
6.5
40.9
7.6
7.o
48.6
8.6
7.7
63.6
71.9
772.8
233.5
874.6
274.0
1012.5
320,0
1070.6
347.8
336.6
46.8
377.2
55,4
0.4
434.3
58.9
0.8
446.0
46.6
1115.3
369.2
2.4
2.7
457.6
35.2
1304.3
428.6
3.7
3.5
560.6
43.0
64.0
17.8
0.5
11.5
23.6
10.6
66.3
20.7
o.1
13.l
23.9
7,9
78.4
24.7
1.2
19.5
25.l
8.0
100.4
28.2
1.5
27.8
27.8
15.1
113.3
30.l
1.6
31.6
28.l
21.8
14.2
15.3
19.5
16.1
1.5
76.l
1.5
1.7
99.2
1.8
111.1
824.6
149.4
49.9
84.9
8.6
1725.8
19.8
27.4
0.2
9.7
1974.5
22.4
37.7
0.8
11.5
0.5
4.5
20.9
6.8
1
2
3
4
5
6
4 .1
4.3
241.5
276.4
318.9
396.3
8.2
5.6
389.0
1151.1
107,2
57.8
1315.6
12,. 9
60.2
64.7
67.3
309.1
594.3
100.5
119,6
1490.0
140.8
61.7
79.0
82.5
344.3
666.5
117.8
138.l
1670.9
158.2
62.3
95.9
93.5
371.6
733.7
137.2
176.7
1850.9
207.9
88.5
119.4
103.7
406.4
779.6
145.8
207.6
2071.9
280,4
127.0
153.4
110. 9
.:;33,9
807.9
158.4
280.3
14.5
10.2
82.4
17.1
11.7
102.1
17.5
13.6
122.2
24.7
15.6
138.4
1480.7
497.8
3.7
5.6
628.l
46.5
1652.5
567.5
3.9
683.8
45.5
2.8
1883.9
626.6
10.8
4.2
789.0
46.0
2138.0
673.5
45.2
4.3
897.1
51.8
2426.1
727.o
76.4
8.0
1047.0
61.8
2710.7
752.9
186.2
23.0
1127.0
59.8
21
2:?
23
24
25
26
109.7
32.9
2.0
28.l
28.9
17.8
111.0
35.9
25.0
31.9
15.9
132,1
44.7
2.4
24.6
40.1
20.2
160.7
51.6
2.0
26.4
48.0
32.7
189.4
57.3
2.0
26.9
61.4
41.8
195.0
57.6
1.9
25.9
60.7
49.0
228.8
59.9
1.9
27.1
74.6
65.2
27
28
29
30
31
32
13.2
16.0
23.4
25.3
25.6
26.7
33 .4
1.8
120.0
1.8
137.3
2.3
3.1
188.6
3.9
217.o
3.6
246.4
2.8
274.7
34
1.5 35
295.0 36
49.,
53.5
274.l
525.8
86.4
104.1
12.5
8.9
2.4
162.2
4.4
5.9
7
8
9
10
11
12
13
14
15
16
17
23.0 18
18.1 19
152.4 20
-
36.5 33
Savin9s Institutions Combined
-----------
1 Total financial assets
2
Checkable dep. and currency
3
Time deposits
4
Fed. funds & security RPs
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
Corporate equities
Credit market instruments
u.s. 9overnment securities
Tax-exempt obli9ations
Corporate & forei9n bonds
Hort9a9es
Home mort9a9es
Multi-family
Commercial
Farm
Consumer install. credit
Consumer noninstall.credit
Other loans ( to business)
Open-market paper
Miscellaneous assets
20 Total 11abilities
21
Deposits
22
Checkable
23
Small time and savin9s
24
Lar9e time
25
Security RPs
26
Cr. mkt. instr. CS&U
27
Profit taxes payable
28
Hiscellaneous liabilities
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8.4
491.1
3.4
13.4
563.2
3.6
11.9
648.1
4.4
12.2
9.4
729.4
5.5
11.5
11.l
795,9
6.0
10.0
14.6
862.5
1.7
15.0
15.2
905.4
10.3
14.2
1
2
3
4
334.6
24.8
1.0
14.2
4.2
371.6
25.2
1.1
13.l
3.7
396.4
24.9
1.4
14.0
4.4
447.4
34.6
3.1
17.5
4.4
515.8
44.8
3.6
20.3
4.8
594.4
51.8
4.0
21.5
4.8
666.2
56.3
4.6
21.6
4.7
721.8
57.4
4.1
20.5
4.2
773.5
75.4
3.6
21.2
3.2
800.2
79.1
3.6
21.0
6
1
8
248.5
36.7
37.2
0.1
352.7
270.8
39.3
42.5
0.l
400.3
309.5
42.6
48.1
0.1
462.2
361.6
47.6
53.0
520.6
412.0
52.0
569.0
27 .2
301.7
232.7
35.1
33.9
0.1
322.5
454.9
23.9
0.1
268.5
207.4
32.0
29.l
0.l
598.9
483.l
54.2
616.6
499.4
53.7
63.5
10
11
12
13
14
15.3
2.4
17.3
2.6
19.2
2.9
24.6
21.1
3.6
32.2
4.0
38.8
4.3
46.9
4.6
54.l
5.1
57.7
7.5
2,3
9.0
3.5
9.6
3.9
11.6
2.5
12.3
2.3
14.9
3.3
17.6
3.6
20.9
3.3
23.0
3.9
30.2
5.6
252.4
233.5
0.4
232.3
0.7
291.8
274.0
0.5
272.0
1.5
376.9
347.8
406.6
462.8
9. 0
0.2
532.1
497.8
2. 1
488.1
7.6
2.3
17.4
0.6
14.l
612.9
11.0
0.l
7.8
339.9
320.0
0.6
317.0
2.4
0.4
9.5
0.2
9.8
270.4
2.9
3.0
0.4
312.2
2.8
5.7
363.0
3.1
1. 6
1.7
401.8
3.0
7.0
3.7
432.5
3.1
2.8
252.3
17.7
0.3
8.1
3.5
289.4
21.3
0.5
12.0
4.5
206.0
232.0
180.9
164.8
21.6
19.4
0.l
1.2
8.6
3.4
0.8
343.6
3.5
0.8
17.l
0.2
11.0
6.0
369.2
0.9
363.1
5.2
2.7
23.3
0.3
11.l
4.9
428.6
l. 3
421.2
6.2
2.5
19.l
0.4
12.3
6.5
567.5
3.1
554.5
9.9
4.4
24.3
0.8
15.9
56.6
689.5
626.6
4.1
606.1
16.3
7.6
37.8
1.0
16.5
54.l
59.9
61.6
59.6
7.1
7.6
38.8
46,9
751.8
673.5
5.4
636.3
31.8
10.l
50.3
0.8
17.l
817.8
727.o
8.3
674.2
44.6
12.9
57.8
0.5
19.6
22.6
Iii
5
9
62.1 15
7.8 16
0.4 17
9.6 18
54.8 19
867.4
752.9
16.7
681.9
54.3
18.8
73.4
0.1
2�.1
20
21
22
23
24
25
26
27
28
DECEMBER 1988
Honbank Finance Summary
Honbank Finance Summary
Sector Statements of Financial Assets and Liabilities
VEAR END OUTSTANDINGS, 1982-87
1982
1983
1984
1985
94
YEAR END OUTSTANDINGS, 1982-87
-------------------------------------1986
1987
Private Nonbank Financial Institutions - Total
Total financial assets
Checkable dep. and c urrency
Time and savin9s deposits
Money market fund shares
Fed. funds & security RPs
Forei9n deposits
2
3
4
5
6
Mutual fund shares
Other corporate equities
7
8
2
3
4
5
6
3195.9
36.0
110.2
11.4
49.l
23.8
3630.2
38.4
106.6
9.9
57.0
21.9
4123.4
42.l
104.6
15.1
79.5
21.2
4785.3
56.7
113.8
16.5
93.0
19.0
5591.9
71.9
136.1
2�.3
102.0
22.2
6093.6
69.5
159.2
19.0
106.4
21.6
7
8
7.l
471.l
9.7
602.2
11.8
603.8
24.7
775.2
40.9
931.2
39.6
982, l
9
10
11
12
13
14
15
16
17
2239.0
392.8
185.9
206.9
128. 3
463.2
783.7
168.0
303.l
2489.l
478.6
203.3
275.3
138.5
498.6
850.9
190.3
332.2
2899.8
597.5
277.9
319.7
151.6
563.3
949.0
224.3
414.0
3285.9
701.0
325.9
375.l
191.2
643.9
1033.0
267.3
449.6
3836.3
930.7
432.5
498.3
264.1
742.7
1096.9
300.8
501.l
4275. 7
1062.9
449.8
613. l
281.7
867.l
1186.0
320.2
557 .8
18
19
20
25.8
20.2
202.1
34.2
22.2
238.9
31.8
25.0
288.6
50.7
27.2
322.7
57.4
32.1
338.6
41.l
35.7
343.7
21
22
23
24
25
26
3055.0
813.8
219.8
45.7
1304.6
76.9
3465.9
946.3
179.4
42.8
1511.2
112, l
3964 .1
1079.5
233.6
82.5
1638.1
136.7
4608.9
1159.4
243.8
80.9
1899.4
240.2
5390.3
1230.0
292.l
113.9
2151.8
413.5
5867.6
1295.3
316.1
101.5
2348.1
460.l
Total liabilities
Thrift deposits
Money �arket fund shares
Security RPs
Insurance & pension reserves
Mutual fund shares
23
24
25
26
27
28
29
30
31
32
238.7
67.1
2.0
29.0
74. 6
66.0
253.3
76.2
2.1
28.9
87.2
59.0
304.3
96 .4
2.5
29.5
101.3
74.6
393.0
128. l
2.7
32.1
141.4
88.8
523.7
193.4
2. 7
36.l
182.7
108.6
649.3
258.4
3.0
40.8
214.0
133.1
Credit market instruments
Corporate bonds
Mort9a9es
Bank loans n.e.c.
Open-market paper
Fed. Home Loan Bank loans
27
28
29
30
31
32
33
34
35
36
39.5
43.7
1.0
1.4
374.7
50.5
1.5
1.1
436.4
74.4
2.3
1.5
513.9
76.1
3.4
1.6
584.2
63.0
3.2
1.2
629.7
Security credit
Trade debt
Profit taxes payable
Miscellaneous liabilities
34
35
Total financial assets
Checkable dep. and currency
Time deposits
Fed. funds & security RPs
l
l.7
314.3
-----------------------------------------------------------Savin9s Institutions Combined
-------------------------------------------·
----------1
2
3
1123.0
15.5
4
964.7
12.4
30.2
28.8
33 .1
30.3
1307.3
17.8
25.0
38.8
1428.0
23.0
31.9
43.3
1560.8
27.6
43.0
45.6
1707.4
24.8
34. 9
40.9
5
6
7
8
9
3.3
808.8
114.8
3. 3
21.8
4.3
944. 0
167.9
3.1
30.1
�.l
1092.8
189.2
2.8
36.0
5.2
1178.4
182.6
3.4
36.3
7.o
1283.0
234.2
3.1
36.4
7.0
1434.2
288.6
3.1
52.1
10
11
12
13
14
580.6
460.7
53.6
66.3
633.8
490.4
60.5
82,8
718.9
540.4
74.7
103.8
777 .4
574.l
89.2
114.1
0.1
802.9
586.9
96.4
119.5
o.1
875.4
625.0
103 .5
146.9
15
16
17
18
19
66.2
7.6
0.7
13.9
81.l
77 .5
7.5
3.1
21.2
95.8
102.7
7.6
11.8
23.9
128.7
122.2
8.1
17.4
31.0
146.l
134.0
6.6
24.0
41.8
154.7
146.1
5.4
23.8
39.8
165.6
20
21
929.2
813.8
25.0
722.8
65.9
16.8
75.9
0.1
22.5
1086.8
946.3
36.5
808.6
101.2
28.8
73.9
0.1
37.8
1272.3
1079.5
44.4
884.8
150.3
51.4
93.2
1388.9
1159.4
57.4
945.5
156.5
51.1
115.5
o.1
62.8
1512.6
1230.0
77.9
993.9
158.3
70.8
145.l
1638.9
1295.3
84.9
l 042.7
167.7
107 .5
181.1
66.7
54.9
22
23
24
25
26
27
28
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
48.2
Credit market instruments
U.S. 9ovt. securities
Treasury issues
A9ency issues
Tax-exempt obligations
Corporate & forei9n bonds
Hort9a9es
Consumer credit
Other loans
9
10
11
12
13
14
15
16
17
Security credit
Trade credit
Miscellaneous assets
18
19
20
Corporate equities
Credit market instruments
U.S. 9overnment securities
Tax-exempt obli9ations
Corporate & forei9n bonds
Mort9a9es
Home mort9a9es
Multi-family
Commercial
Farm
Consumer install. credit
Consumer noninstall. credit
Other loans Cto business)
Open-market paper
Miscellaneous assets
Total liabilities
Deposits
Checkable
Small time and savings
Large time
Security RPs
Cr. mkt. instr. CS&Ll
Profit taxes payable
Miscellaneous liabilities
21
22
33
3'-
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
DECEMBER 1988
Savings Institutions
95
Savings Institutions
Sector Statements of Financial Assets and Liabilities
VEAR END OUTSTANDINGS,
----------
VEAR END OUTSTANDINGS, 1970-81
1970-81
1970
1971
1972
1973
1974
1975
1977
1976
Savings and Loan Associations
1
8
9
10
11
12
13
14
15
18
19
20
21
1980
l
2
3
4
201.0
0.9
2.3
236.9
1.2
3.4
267.2
1.0
2.9
2.2
292.3
1.0
3.6
3.8
385.l
1. 6
6.7
5.0
449.3
1.5
4.8
333.l
1.3
8.1
6.8
7.3
512.8
1.6
7.2
9.0
569.4
2.l
5.0
11.5
621.9
2.6
7.5
10.8
657.8
3.6
6.8
15.0
Credit market instruments
U.S. government secur1ties
Treasury issues
Agency 1 ssues
Tax-exempt obligations
Corporate & foreign bonds
163.6
11.0
6.8
4.1
0.1
189.3
13.5
6.3
7.2
0.2
222.0
251.2
15.4
3.4
11.9
0.2
270.6
14.9
1.8
13.l
0.5
305.5
19.6
2.4
17.2
1.5
354.5
25.2
7.3
17.9
1.2
414.6
29.1
6.3
22.8
1.2
470.8
33.6
6.3
27.4
1.3
520.0
34.6
3.4
31.2
1.2
566.2
48.4
9.0
39.3
1.2
589.4 5
50.7 6
4.8 1
45.9 8
1.3 9
0.7 10
Mortgages
Consumer eredit
Other loans <to business>
Open-market paper
147.3
3.4
169.2
3.7
200.0
3.5
227.l
6.5
246.l
7.4
273.5
8.2
316.2
9.3
371.3
10.8
422.l
11.0
466.l
14 .8
494.4
17.4
1.8
2.8
3.3
2.0
1.8
2.7
2.6
2.3
2.7
3.4
4.9
512.2
17.9
0.4
6.1
Hi scellaneous assets
16 Total liabilities
17
1979
173.1
1.2
0.6
l Total financial assets
Checkable dep. & currency
2
Ti■e deposits
3
4
Fed. funds & secur1ty RPs
5
6
1981
----------
1978
Cl>
Deposits
Checkable
Small time and savings
Large time
Fed. funds & security RPs
22
23
24
25
Credit market instruments
Corporate bonds
Bank loans n.e.c.
Fed. Home Loan Bank loans
26
27
Profit taxes payable
Miscellaneous liabilities
28 Memo:
Total er. mkt. assets
0.5
0.9
15.0
5.4
9.6
0.2
11
12
13
14
1.1
7.9
9.4
10.0
12.3
14.4
17.3
19.2
24.3
30.8
34.8
43.0 15
161.l
146.4
0.1
145.7
0.6
187.4
174.2
0.1
172.8
1.2
221.7
206.8
0.2
204.6
2.0
0.3
250.l
227.0
0.2
223.8
3.0
0.3
273.9
243.0
0.2
238.3
4.4
1.8
313.3
285.7
0.3
280.0
5.5
1.9
363.l
335.9
0.5
328.7
6.8
1.8
424.l
386.8
0.6
377.3
8.9
S.8
483.8
431. 0
0.8
415.9
14.3
5.9
536.8
470.0
1.1
440.7
28.3
6.4
588.6
511.8
1.6
471.0
39.2
629.4 16
531.8 17
8.9 18
474.9 19
48.0 20
11.3 21
11.0
9.0
9.5
17.1
23.3
0.4
10.6
1.1
7.9
1.5
8.0
1.9
15.1
1.5
21.8
19.1
0.1
1.2
17.8
17.4
0.1
1.4
15.9
24.3
1.3
2.8
37.8
2.0
S.1
32.7
50.3
3.4
5.1
41.8
57.8
3.7
5.1
49.0
73.4
3.2
5.0
65.2
0.1
S.6
0.2
4.0
0.2
4.9
0.2
5.6
0.3
5.5
0.4
6.2
0.6
7.3
0.8
8.5
1.0
8.2
0.8
9.2
0.5
10.1
0.1 26
12.7 27
163.6
189.3
222.0
251.2
270.6
305.5
354.5
414.6
470.8
520.0
566.2
589.4 28
158.2
3.0
0.7
2.1
163.3
2.8
0.4
3.1
171.5
3.9
0.4
3.7
175.3
5.1
0.3
5.2
4.8
4.7
148.0
19.5
4.2
154.3
22.8
14.7
17.2
20.5
21.2
3.2 5
155.8 6
23.7 7
5.4 8
18.4 9
2.3 10
20.3 11
98.9
99.9
20.2
8.5
22
23
24
25
Cl> Includes most Federal savings banks that are insured by FSLIC.
A few are included with mutual savings banks.
Mutual Savings Banl:s (2)
1 Total financial assets
Checkable dep. and currency
2
3
4
Time deposits
Fed. funds & security RPs
5
6
Corporate equities
Credit market instruments
u.s. government securities
Treasury issues
Agency issues
Tax-exempt obligat1ons
Corporate & foreign bonds
7
8
9
10
11
12
13
14
15
Mortgages
Consumer credit
Open-market paper
Miscellaneous assets
16 Total liabilities
17
Deposits
Checkable
18
19
20
21
22
Small time & saving
Large time
Security RPs
Hi scellaneous 11 abi 11ti es
79.3
1.0
0.3
90.1
0.9
0.5
0.7
101.5
1.0
2.8
73.5
3.5
4.5
0.4
82.8
0.6
0.8
92.4
7.7
106.8
1.1
0.8
1.5
109.l
1.1
1.0
1.2
121.1
1.2
1.1
1.1
134.8
l.3
l.l
1.5
147.3
2.l
0.3
2.1
4.2
3.7
99.4
7.0
2.6
4.4
o.9
14.0
110. l
10.9
4.7
6.1
1.5
17.5
4.4
4.4
122.9
14.9
134.2
17.6
9.1
2.4
20.3
11.7
2.8
21.5
143.4
18.3
5.0
13.4
3.3
21.6
74.9
2.1
0.5
77.2
2.3
0.6
81.6
2.b
1.0
88.2
3.1
1.0
95.2
3.9
1.2
96.8
3.2
2.2
0.2
6.3
3.3
3.0
0.4
12.0
4.2
0.9
14.2
7.2
3.0
4.2
0.9
13.1
57.9
1.4
0.5
62.0
1.5
0.7
67.6
1.6
0.6
73.2
1.9
0.5
5.4
8.1
3.5
5.8
4.8
5.9
4.8
2.9
3.9
2.2
5.6
2.4
5.3
2.7
1
2
3
4
100.0 12
6.0 13
3.5 14
5.6 15
1.3
1.7
2.1
2.4
2.6
3.2
3.6
3.8
4.1
4.4
5.0
73.3
71.6
0.3
71.2
0.1
83.3
99.0
1.7
1.8
93.6
91.6
0.4
90.9
0.4
0.1
1.9
101.6
98.7
0.6
97.3
0.8
0.9
2.0
112.6
109.9
0.9
108.3
0.7
0.6
2.2
125.8
122.9
1.4
120.7
0.8
0.4
2.4
137.3
134. 0
1.8
131.1
1.0
o.7
2.6
147.3
142.6
2.3
138.4
1.9
1.7
3.0
151.9
146.0
2.8
139.9
3.3
3.7
2.2
160.2
153 .5
3.4
145.2
4.9
4.5
2.2
165.7
156.5
3.9
146.8
5.8
7.5
1.7
16
17
18
19
20
21
22
51.5
0.8
5.0
2.5
2.5
58.4
0.9
3.6
1.9
1.8
63.1
1.1
4.6
2.5
2.1
69.0
72.3
l.6
7.1
3.9
3.2
2.4
1
2
3
4
5
52.0
4.4
0.7
53.8
3.3
53.0
4.3
44.3
1.8
2.7
4.0
46.5
3.6
3.S
4.7
44.0
7.0
58.4
63.1
57.5
1.5
55.7
0.3
5.7
69.0
81.4
o.3
80.9
0.2
96.3
0.5
95.3
0.5
0.5
2.1
(2) Includes Federal savings banks insured by FDIC and a few insured
by FSLIC.
Credit Unions
1 Total financial assets
Checkable dep. and currency
2
3
Time deposits
At banks
4
At savings and loans
5
Fed.funds & security RPs
21.1
0.9
3.0
1.5
1.5
24.6
0.9
3.6
1.8
1.8
27.8
0.9
3.2
1.6
1.6
31.1
1.0
3.8
1.9
1.9
36.9
0.9
4.2
6
18.0
0.8
2.1
1.0
1.0
2.l
43.3
0.8
4.1
2.1
2.1
7
Credit market instruments
u.s. government securities
Treasury issues
Agency issues
Home mortgages
Consumer eredit
Hiscellaneous assets
15.2
1.4
0.6
17.2
l.6
0.6
1.0
20.1
2.l
0.5
1.6
1.0
17.0
23.7
2.6
26.4
3.0
0.8
2.1
1.5
21.9
31.7
4.l
1.2
2.9
2.0
25.7
38.4
4.7
1.3
3.4
2.5
31.2
45.6
5.2
1.4
3.8
2.8
37.6
24.6
21.6
0.1
21.6
27.8
24.5
0.l
24.5
31.1
27.5
0.1
27.5
33.0
0.1
32.9
36.9
43.3
39.0
0.3
38.7
51.5
46.7
3.0
3.3
3.6
3.9
4.3
4.8
8
9
10
11
12
13
14 Total 11abil1t1es
Shares/Deposits
15
Checkable
16
Small time & savings
17
18
19
Large ti11e
Miscellaneous liabilities
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
0.8
0.8
0.8
13.0
14.8
18.0
15.5
21.1
18.4
15.5
18.3
2.5
2.7
.
0.8
1.8
L4
19.6
2.1
0.6
46.1
3.6
3.4
53.0
1.1
51.8
0.l
5.3
0.6
1.2
7.1
4.2
2.9
0.1
0.9
61.7
3.3
57.9
0.5
7.3
6
55.0 7
4.6 8
l.0 9
3.6 10
4.4 11
46.0 12
6.2 13
72.3
64.6
3.9
60.2
0.6
1.1
14
15
16
17
18
19
DECEMBER l988
Savings Institutions
Savings Institutions
96
Sector Statements of Financial Assets and Liabilities
YEAR END OUTSTANDINGS, 1982-87
YEAR END OUTSTANDINGS, 1982-87
1982
1984
1983
1985
1986
1987
Savings and Loan Associations
1072.l
13.6
11.9
28.6
1155.6
17.2
15.9
28.4
1262.6
15.0
7.3
27.3
15.6
0.1
892.4
137.0
12.0
125.0
1.l
18.3
964.6
178.l
12.0
166.1
0.9
20.3
1072.6
222.4
21.2
201.3
1.0
37.6
529.4
25.7
:s.1
12.5
606.8
34.2
11.8
14.9
654.6
45.0
17.4
19.l
664.7
708.0
56.3
23.8
23.4
67.4
79.9
111.2
125.5
129.4
140.4
16
17
18
19
20
21
681.5
582.0
14.6
508.0
59.4
10,l
805.4
683.8
21.0
573.7
89.l
24.0
966.0
796.2
24.8
640 .0
131.4
46,l
1047.8
847.9
31.2
685.0
131.7
44,3
1128.l
885.2
40.8
717.l
127 .2
58.4
1217.6
927 .2
40.5
765.7
121.0
84.7
22
23
24
25
75.9
3.4
6.5
66.0
73.9
3.6
11.3
59.0
93.2
115.5
13.7
74.6
18.3
88.8
145.l
12.0
24.4
108.6
J81. l
16.l
32.0
133. l
26
27
0.l
13.3
0.1
23.7
30.4
0.l
40.0
39.5
24.7
28
600.5
705.l
830.0
892.4
964.6
1072.6
989.6
10.6
l
2
3
4
707.6
5.5
14.0
20,4
830.3
5
600.5
85.2
10.8
74.4
0.8
2.8
705.1
125.4
21.l
104.2
0.9
8.2
830.0
146.l
24.9
121.1
11
12
13
14
482.2
19.9
0.7
15
6
7
8
9
10
8.8
8.8
15. l
21.3
9.6
28.1
4.9
8.5
50.6
24.0
26.0
Cl>
Total financial assets
Checkable CleP. & currency
Time deposits
Fed. funds & securitv RPs
l
2
3
4
Credit market instruments
5
U.S. government securities 6
Treasury issues
7
8
Agency issues
Tax-exempt obligations
9
Corporate & foreign bonds 10
Hort sages
Consumer credit
Other loans Cto business)
Open-market paper
Miscellaneous assets
Total liabilities
Deposits
Checkable
S■all time and savings
Large time
Fed. funds & securitv RPs
11
12
13
14
15
16
17
18
19
20
21
Credit market instruments
Corporate bonds
Bank loans n.e.c.
Fed. Home Loan Bank loans
22
23
24
25
Profit taxes payable
Miscellaneous 11ab1lities
26
27
Memo:
Total er. 11kt. assets
28
Cl) Includes most Federal savings banks that are insured by FSLIC.
A few are included with mutual savings banks.
Mutual Savings Banks (2)
1
2
3
174.3
5.2
1.8
5.3
194.4
4.5
1.8
4.7
204.7
4.6
0.4
218.8
6.l
0.1
239.2
6.4
0.1
6.3
263.0
5
6
7
3.3
151.0
23.8
4.3
169.4
33.6
4.1
178.1
33.8
5.2
187.9
32.6
17.8
2.5
19.0
23.7
2.2
21.9
24.2
2.l
20.4
9.0
10
11
23.6
2. 3
18.0
7.o
205.3
39.4
9.7
29.7
2.2
16.l
7.o
230.8
46.2
10.5
35.7
2.0
14.5
12
13
14
94.l
6.6
5.0
97.4
102.9
10.0
8.9
110.4
12.6
12.0
118.9
12.9
15.8
138.5
13.2
16.4
4
8
9
6.0
9.9
5.8
8.6
6.0
9.6
6.3
5.8
0.1
4.4
15
7.9
9.7
11.4
13.1
14.l
14.8
16
165.0
157.0
4.7
146.4
5.8
6. 7
1.3
183.2
172.8
7.5
153.9
11.4
4.8
5.6
193.3
180.6
10.0
152.5
18.1
5.3
7.4
204.0
186.0
13.6
148.8
23.6
6.8
11.l
218.4
192.2
21.1
141.6
29.5
12.4
13.8
239.4
202.1
26.8
130.6
44.8
22.8
14.5
17
18
19
20
21
22
Total f1 nancial assets
Checkable dep. and currency
Time deposits
Fed. funds & security RPs
1
2
3
4
Corporate equities
5
Credit market instruments
6
U.S. government securities 7
T ,·easury issues
8
Agency issues
9
Tax-exempt obligations
10
Corporate & foreign bonds 11
Mortgages
Consumer credit
Open-market paper
12
13
14
Hiscellaneous assets
15
Total liabilities
Deposits
Checkable
Small time & saving
Large time
Security RPs
Miscellaneous liabilities
16
17
18
19
20
21
22
(2) Includes Federal savings banks insured by FDIC and a few insured
by FSLIC.
Credit Unions
l
2
3
4
5
82.7
1.8
14.5
98.3
2.2
16.2
6
5.7
3.2
7.3
4.3
7
57.3
69.4
9
10
11
12
13
1.3
4.5
4.2
47.3
5.9
2.7
6.3
7.0
53.5
6.2
14
82.7
74.8
5.7
68.4
0.7
7.9
98.3
89.7
8.0
81.0
o.7
8
15
16
17
18
19
8.8
5.8
8.9
113.0
2.6
15.0
8.0
137.2
3.3
20.0
10.4
166.l
4.0
27.0
14.2
12.9
10.9
181.8
4.0
27.5
14.5
12.9
9.2
84.7
9.3
3.4
113.l
16.7
7.9
130.9
20.0
11.2
9.2
66.2
6.1
98.l
13.0
6.0
7.0
12.4
72.7
7.5
19.3
77.l
11.2
28.9
82.0
10.3
113.0
102.6
9.5
92.3
0.8
10.4
137.2
125.5
12.6
111.7
1.2
11.7
166.1
152.7
16.0
135.2
1.5
13.4
181.8
166.0
17.6
146.5
1.9
15.8
6.9
4.6
8.9
8.6
5.9
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
9.6
8.4
8.8
8.8
Total financial assets
Checkable dep. and currency
Time deposits
At banks
At savings and loans
Fed.funds 8 security RPs
Credit market instruments
U.S. government securities
Treasury issues
Agency issues
Ho111e mortgages
Consumer eredit
Miscellaneous assets
Total l1abil1t1es
Shares/Deposits
Checkable
Small time 8 savings
Large time
Miscellaneous liabilities
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
DECEMBER 1988
Insurance and Pension Funds
97
Insurance and Pension Funds
Sector Statements of Financial Assets and Liabil1t1es
VEAR ENO OUTSTANOINGS, 1970-81
VEAR ENO OUTSTANOINGS, 1970-81
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
464.2
3.2
1.9
507.5
4.3
5.6
l
2
3
s
Life Insurance Companies
l Total financial assets
2
Checkable dep. and currency
Money mkt. fund shares
3
4
5
Mutual fund shares
Other corporate equit1es
6
Credit market instruments
U.S. 9ovt. securities
Treasury issues
A9ency issues
Tax-exempt obli9at1ons
Corporate & forei9n bonds
Mort9a9es
Open-market paper
Policy loans
Miscellaneous assets
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Total liabil1t1es
Life insurance reserves
Pension fund reserves
Profit taxes payable
Miscellaneous liabilities
290.9
1.8
378.3
2.4
0.4
419.3
2.7
1.0
0.6
0.6
33.7
32.3
0.6
0.6
35.1
38.9
46.3
1.1
1.5
46.2
217. 7
4.4
3.4
1.1
3.7
96.4
86.2
4.1
22.9
13.4
234.6
6.2
4.7
1.4
4.S
105.5
89.2
4.8
24.5
15.0
258.3
7.7
285.7
9.3
5.3
4.0
6.1
141.2
96.8
4.7
27.6
19.0
318.5
11.4
4.8
351.0
14.3
4.9
9.4
383.3
17.0
11.l
6.7
178.8
131.1
8.3
41.4
28.S
414.2
22.5
8.2
14.3
7.2
186.1
137.7
12.o
48.7
35.8
243.9
150.S
60.4
0.8
32.2
267.0
158.S
72.3
0.7
35.S
296.l
167.1
88.7
396.9
48.8
197.7
143.S
1.6
S4.1
438.4
207.4
172.0
1.2
S7.9
482.9
216.3
199.8
0.7
66.1
25.4
21.3
27.5
76.9
3.0
18.0
11.l
204.8
4.3
3.4
0.9
3.4
92.5
81.4
3.0
20.2
12.0
216.3
136.3
52.1
0.8
27.1
230.l
143.5
56.1
0.8
29.6
0.6
0.3
26.5
174.6
182.8
192.5
4.0
0.5
3.3
74.1
74.4
2.1
16.1
9.2
3.8
0.6
3.4
79.6
7S.5
2.8
17.1
10.l
187.7
123.3
41.0
0.8
201.0
129.6
46.l
22.6
339.9
2.l
0.2
244.8
2.1
20.0
4.6
311.l
2.0
232.4
2.0
14.6
0.8
279.7
1.9
255.0
2.0
215.2
1.8
4.5
0.8
24.5
4.6
3.8
0.7
3.4
86.6
0.5
0.6
5.4
2.3
5.6
122.4
91.6
5.2
25.8
16.S
0.9
39.4
324.8
176.4
103.2
1.3
44.0
6.5
6.4
158.S
106.2
5.9
30.1
21.4
359.2
187.3
121. 6
1.6
0.9
6.4
170.1
118.4
7.0
34 .8
24.9
S.8
1.8
0.8
161.7
2.5
1.8
1S8.7
3.4
4.0
225.0
4.4
8.4
2S1.9
4.5
8.6
271.7
4.8
12.0
0.1
326.2
5.2
19.4
0.4
386.l
5.1
25.l
1.2
469.6
4.2
25.1
2.6
486.7
3.4
25.7
6.6
l
2
3
4
3.7
150.3
s.1
175.4
7.1
223.S
4.1
218.5
6
98. 7
31.9
120 .8
38.6
26.0
12.6
63.7
3.1
15.4
53.5
151.4
S0.6
32.2
18.3
77.7
3.6
19.S
S5.7
178.6
66.9
37.2
29.7
83.3
3.9
24.5
49.9
10
11
12
13
14
1
2
3
1.2
88.7
1.S
107.8
1.7
93.6
1.9
74.8
2.8
108.0
3.5
125.5
3.7
123.6
7
Credit market instruments
U.S. 9overnment securities
Treasury issues
A9ency issues
Corporate & forei9n bonds
Mor tga9es
Open-market paper
Miscellaneous assets
36.6
3.0
2.1
0.9
29.4
4.2
3S.O
2.7
2.1
0.6
28.6
3.7
40.5
46.8
SS.6
S.7
6.0
71.2
17.9
12.4
5.5
41.9
2.4
9.l
30.2
77.8
24.2
18.1
6.1
40.2
2.4
11.0
32.0
88.2
29.8
21.3
8.5
44.6
2.5
11.3
39.3
13
16
17
18
19
20
165.3
0.8
67.l
14
11
12
13
14
15
132.4
1.3
0.3
Mutual fund shares
Other corporate equities
9
10
11
12
8
9
10
112.0
1.1
0.7
5
6
8
6
7
---------
Private Pension Funds
l Total financial assets
2
Checkable dep. and currency
3
Time deposits
4
Money mkt. fund share$
4
5.S
3.4
2.1
30.6
2.7
1.8
12.9
8.6
S.4
3.2
32.7
2.4
3.1
15.5
12.9
8.6
4.3
35.0
2.4
5.4
19.0
23.2
8.7
53.0
2.7
11.2
48.6
s
7
8
9
State and Local Government Employee Retirement Funds
l Total financial assets
2
Checkable dep. and currency
Time deposits
3
4
s
6
7
8
9
10
11
Corporate equities
Credit market instruments
U.S. 9overnment securities
Treasury issues
Agency issues
Tax-exempt obl19ations
Corporate & foreign bonds
Hort9a9es.
60.3
0.4
0.2
69.0
0.5
0.1
80.6
0.8
0.2
84.7
0.5
0.8
88.0
0.3
l.S
104.8
0.3
1.2
120.4
0.3
1.1
132.S
o.3
1.4
153.9
0.4
2.4
169.7
0.6
3.5
198.1
0.6
3.7
224.2
0.6
3.8
10.1
49.6
15.4
52.9
5.4
3.9
1.S
22.2
S7.4
S.7
3.6
2.1
2.0
43.2
20.2
16.4
69.8
6.2
1.6
4.6
1.0
S4.9
7.7
24.3
79. 1
7.8
2.5
5.3
1.9
61.8
7.5
30.l
88.9
10.9
4.l
6.8
3.4
66.9
7.7
30.0
100.8
16.3
6.8
9.6
3.5
72.9
8.0
33.3
117.8
23.4
9.S
14.o
4.0
81.9
37.l
128.6
30.1
14. 7
15.4
3.9
85.0
44.3
149.5
40.0
20.9
19.1
4.1
47.8 4
172.0 5
51.8 6
27.6 7
24.3 8
3.9 9
103.8 10
12.5 11
6.6
S.1
1.s
2.0
35.1
S.9
2.2
39.0
6.3
6.S
63.l
5.8
2.S
3.3
1.7
48.4
7.1
8.6
9.6
94.5
10.9
Other Insurance Companies
1 Total financial assets
2
Checkable dep. and currency
3
Security RPs
49.9
l.4
57.4
1.S
67.S
l.S
69.S
1.5
67.8
1.6
77.3
1.7
93.9
1.9
113.2
2.2
133.9
2.6
154.9
2.9
174.3
2.9
185.6
3.0
o.l
4
13.2
30.9
5.0
3.4
1.6
17.0
8.6
0.2
4.4
16.6
34.6
5.1
3.2
1.9
20.5
0.2
4.7
21.8
38.3
5.2
2.9
2.3
24.8
8.1
0.2
5.8
19.7
41.8
S .1
2.8
2.3
28.5
8.0
0.2
6.5
12.8
46.4
s.s
2.9
2.7
30.7
10.0
0.2
7.0
14.2
53.7
8.0
4.7
3.3
33.3
12.2
0.2
7.7
16.9
66.2
11.2
7.3
3.9
38.7
16.1
0.3
8.9
17.l
83.7
14.l
9.8
4.4
49.4
19.8
0.4
10.2
19.4
100.2
15.3
10.5
4.9
62.9
21.6
0.4
11.7
24.8
113.7
16.6
10.7
6.0
72.8
23.6
0.7
13.6
32.3
123.5
18.4
12.2
6.2
80.5
23.6
1.0
15,6
32.4 4
132.0 5
20.5 6
13.5 7
7.0 8
83.9 9
26.3 10
1.3 11
18.l 12
34.4
0.2
34.2
38.0
0.2
37.8
42.9
0.3
42.6
47.7
0.3
47.4
S2.6
0.3
52.3
0.3
58.5
58.8
69.2
0.4
68.8
81.9
0.5
81.4
96.l
0.6
95.4
110.8
0.6
110.2
123,0
0.4
122.6
133.7 13
0.3 14
133,4 15
5
6
7
8
9
10
11
12
Corporate equities
Credit market instruments
u.s. government securities
Treasury 1ssues
A9ency 1ssues
Tax-exempt obligations
Corporate & foreign bonds
Co11mercial mortgages
Trade cred1 t
u
Total 11ab111ties
14
Profit taxes payable
15
Policy payables
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8.9
1
2
3
DECEMBER 1988
Insurance and Pension Funds
Insurance
YEAR END OUTSTANDING$, 1982-87
1982
1984
1983
and
Pension Funds
Sector Stetements of Financial Assets and Liabilities
98
YEAR END OUTSTANDINGS, 1982-87
1985
l986
1987
Life Insurance Companies
567.5
4,6
6.7
632.7
4.0
4.8
692.9
4.6
7.0
791.l
5.1
7.4
900.9
5.8
10.0
1002.2
4.9
7.2
4
2.8
52.9
62.2
2.7
3.0
60.3
71.9
5.6
14.5
76.4
13.3
83.2
6
7
10
11
12
13
14
15
456.6
35.2
16.5
18.6
9.o
202.3
142.o
15.l
53.0
44.0
509.0
54.5
28.6
25.9
10.0
219.l
151.0
20.4
54.l
50.l
563.l
78. l
41.2
36.9
8.7
242.8
156.7
22.3
54.5
54.9
639.2
101.l
51.7
49.4
9.7
280.6
171.8
21.7
54.4
61.8
724.5
119.0
59.0
60.0
11.7
321.4
193.8
24.S
54.l
69.8
815.9
124.1
57.l
67.0
10.7
388.3
16
17
18
19
20
540.0
223.3
242.9
o.7
73.l
600.5
231.l
286.4
0.6
82.4
665.3
236.l
331. 6
0.4
97.2
758.6
246.5
400.0
0.4
111.6
858.l
263.7
476.9
0.4
117.0
2
3
5
8
9
212.�
26.9
53.6
77.7
946.3
289.5
538.9
0.6
117. 3
Total financial assets
Checkable dep. and currency
Honey mkt. fund shares
l
2
3
Mutual fund shares
Other corporate equities
4
Credit market instruments
U.S. govt. securities
Treasury issues
Agencv issues
Tax-exempt obligations
Corporate & foreign bonds
Mortgages
Open-market paper
Policv loans
Miscellaneous assets
6
Total liabilities
Life insurance reserves
Pension fund reserves
Profit taxes payable
Miscellaneous liabilities
5
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Private Pension Funds
1
2
3
4
575.8
4.0
33.2
4.7
682.5
4.8
40,7
5.1
713,9
5.3
44.1
8.1
848.l
6.2
51.7
9, l
941.8
6.9
57.3
13.2
999.7
8,5
72.3
11.9
Total financial assets
Checkable dep. and currency
Time deposits
Honev 111kt. fund shares
5
6
�-2
261.9
7.0
313.6
308.7
8.8
19.l
393.3
26.5
456.4
26.2
460.6
Mutual fund shares
Other corporate equities
7
204.5
77.2
41.l
36.l
89.9
5.8
31.6
234.4
89.2
41.5
47.7
100.3
6.5
255.7
96.4
53.l
43.4
110.5
6.6
42.2
83.3
282.5
104.5
52.3
52.3
121. 0
7.0
49.9
302.6
111.4
61.l
50.S
128.3
356.2
122.l
66.6
55.5
157.4
5.7
71.0
64.0
Credit market instruments
u.s. government securities
Treasury issues
Agency issues
Corporate & foreign bonds
Mortgages
Open-market paper
Miscellaneous assets
8
9
10
11
12
13
14
63.3
38.4
76.8
86.3
6.8
56.l
79.0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
State and Local Government Employee Retirement Funds
l
2
3
262.5
1.0
311.2
1.4
356.6
8.8
2.0
12.0
4
5
6
60.2
195.4
71.2
36.9
34.3
3.1
107.3
13.8
89.6
96.5
7
8
9
10
11
6.0
211.4
88.2
48.9
39.3
2.0
106.6
14.7
246.l
111.2
67.9
43.3
1.5
118.l
15.3
404.7
2.4
13.3
469.4
2.0
520.0
2.3
Total financial assets
Checkable dep. and currency
2
120.l
269.0
123.5
82.9
40.6
l.l
129.0
15.3
150.2
300.3
144.2
95.0
49.2
0.8
139 .8
15.6
172. 6
326.6
168.7
112.9
55.9
0.8
141.7
15.4
Corporate equities
Credit market instruments
4
5
6
Total financial assets
Checkable dep. and currency
Securitv RPs
l
2
16.8
18.5
Time deposits
3
U.S. government securities
Treasury issues
7
Agency issues
8
Tax-exempt obligations
9
Corporate & foreign bonds 10
Mortgages
11
Other Insurance Companies
202.8
3.0
4.l
225.3
2.6
13.7
241. 0
3.l
17.9
285.6
4.3
23.6
342.9
5.6
24.2
391.8
5.5
26.2
38.S
137.0
22.6
14.l
11
87.2
33.9
3.3
27.2
62.3
218.7
64.8
44.6
20.3
102.9
46.6
4.3
32.l
66 .3
258.l
71.8
47.8
24.0
126.8
54.6
12
44.7
ISO.3
37.2
23.3
13.9
84.7
25.7
2.7
25.0
57.0
173.5
49.0
26.8
87.0
25.8
1.6
20.2
48.l
138.6
28.l
17.4
10.7
86.7
21.6
2.3
22.2
13
14
15
144.2
0.3
144.0
156.2
0.2
156.0
171.6
0.2
171.4
201.3
0.l
201.2
240.4
O.l
240.3
273.2
o.l
273.l
2
3
4
s
6
7
8
9
10
8.5
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
22.2
4.9
35.7
Corporate equities
Credit market instruments
U.S. government securities
Treasury issues
Agency issues
Tax-exempt obligations
Corporate & foreign bonds
Commercial mortgages
Trade credit
Total liabilities
Profit taxes payable
Policy payables
3
4
5
6
7
8
9
10
11
12
13
14
15
DECEMBER 1988
F1nance N.E.C.
99
F1nance N.E.C.
Sector Statements of Financial Assets and Liabilities
VEAR END OUTSTANDINGS, 1970-81
VEAR END OUTSTANDINGS, 1970-81
1970
1971
1972
1973
1974
I 975
1976
1977
1978
1979
1980
1981
---------
202.4
4.7
197.7
29.9
79.l
88.7
225.9
4.8
221.l
33 .2
88.5
99.4
Finance Companies
l Total financial assets
Checkable dep. and currency
2
Credit market instruments
3
Mortgages
4
Consumer credit
5
Other loans (to business)
6
7 Total 11abil1t1es
Credit market instruments
Corporate bonds
Bank loans n.e.c.
10
Open-market paper
11
Profit taxes payable
12
8
9
13
14
Funds from parent companies
Other miscellaneous liab.
64.l
2.7
61.5
7 .5
32.l
21.8
70.5
2,9
67.6
10.0
34.4
23.2
80.7
3,2
77.5
12 .2
38.0
27.4
92.9
3.5
89.4
14.5
42.6
32.3
98,5
3.7
94.8
13.l
44.6
37.2
99.l
3.9
95.2
12.9
41.4
40.9
111.l
4.l
107. 0
14.2
43.3
49.5
133.5
4.3
129.2
17.3
49.0
63.0
159.6
4.4
155.2
58.6
74.4
189.1
4.6
184.5
28.0
72.0
84.5
61.6
50,8
17.2
10.l
23.6
0.3
66.4
53.l
19. 7
10.3
23.l
o. 3
78.3
60.2
23.3
15.0
21.9
0.3
90.8
69.0
26.2
18.9
23.8
0.3
96.6
74.2
28.0
18.8
27.4
o.3
104 .2
74.9
30.7
16.l
28.0
0.3
115.l
79.8
33.8
14.7
31.3
0.3
140.7
96.5
41.6
15.3
39.6
0.4
169.7
118.3
48.0
23,0
47.4
0.5
193.8
134.6
52.3
21.7
60.7
0.4
198.7
133.3
52.4
20.8
60.l
0.2
214.3 7
151.7 8
56.0 9
21.6 10
74.l 11
0.1 12
10.5
0.6
12.5
3.0
14. 9
4.3
17.2
5.0
17.l
10.8
18,2
14.7
20.3
16.3
27.4
20.7
30,l
24.l
34.7
26.9
38.2
24.3 13
38.3 14
22.2
2
3
4
5
6
Open-End Investment Companies (Mutual Funds)
1 Total financial assets
Checkable dep. and currency
2
3
4
5
6
7
8
9
10
Corporate equit1es
Credit market instruments
U.S. government securities
Treasury issues
Agency issues
Tax-exempt obligations
Corporate & foreign bonds
Open-market paper
11 Total shares outstanding
46.8
0,7
55.4
0.9
58.9
o.9
46.6
o.7
35.2
0.5
43.0
0.6
46.5
0.7
45.5
o.7
46.0
o.7
51.8
0.7
61.8
59.8
1
2
39.7
6.4
0.9
0.9
48.6
6.0
0.6
0,6
51.7
6.3
o.7
o. 7
38.3
7.6
0.7
o.7
26.3
8.3
1.1
1.1
33.7
8.7
1.1
1.1
37.3
8.5
1.1
1.1
31.9
12.9
1.8
1.8
31.7
13.7
1.6
1.6
35.4
15.6
1.5
1.5
42.4
18.5
1.9
1.9
37.4
21. 6
2.8
2.8
3.5
2.1
3.7
1.7
4.2
1.4
4.3
2.6
4.9
2.3
5.6
2.0
0.5
6.0
0.9
7.o
2.0
2.2
2.7
6.4
3.l
4.0
7.2
2.9
4.4
8.5
3.8
3
4
5
6
7
8
5.l
10.l 9
3.6 10
46.8
55.4
58,9
46.6
35.2
43.0
46.5
45.5
46.0
51.8
61.8
59.8 11
10.8
o. 1
4.5
0.3
0.5
45.2
0.1
12. 0
2.4
5.1
76.4
0.2
21. 0
5.6
186.2
-.5
43.9
14.5
18.8
106.5 6
31.9 7
21.5 8
10.4 9
4.2 10
70.4 11
2.9 12
186.2 13
0.8
0.8
Money Market Mutual Funds
l Total financ1al assets
Checkable dep, and currency
2
3
Time deposits
4
Security RPs
Foreign deposits
5
6
7
8
9
10
11
12
Credit market instruments
U.S. government securities
Treasury 1ssues
Agency issues
Tax-exempt obl1gat1ons
Open-market paper
Miscellaneous
13 Total shares outstanding
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2.4
3.7
3.7
3.9
1.6
0.1
2.1
0.1
1.5
0.1
1.8
0.3
0.8
0.1
0.1
1.5
0.9
0.9
2,l
1.1
1.1
1.9
0.9
0.9
5.1
1.5
0.9
0.6
24.9
5.6
1.6
4.0
0.6
-.1
0.5
-.1
0.9
-.1
1.1
-.2
3.7
0.3
19.3
o.7
41.7
8.2
3.5
4.8
1.9
31.6
1.1
2.4
3.7
3.7
3.9
10.8
45.2
76.4
6.8
1
2
3
4
5
DECEMBER l 988
Finance H.E.C.
Finance N.E.C.
Sector Statements of Financial Assets end Liabilities
YEAR END OUTSTANDINGS, 1982-87
1982
1984
1983
100
YEAR END OUTSTANDINGS, 1982-87
1985
1986
1987
Finance Companies
l
2
3
4
5
6
236.9
4.9
232.0
37.3
94.3
100.4
263.8
5.0
258.7
40.0
105.3
113.4
301.6
4.5
297.l
45.4
113.9
137.8
7
228.7
158.5
62.4
21.9
74.2
251.2
171.7
67.7
17.2
86.8
31.5
38. 7
33.9
45.6
8
9
10
11
12
13
14
352.0
346.6
52.l
137.0
157.5
410.l
9.0
401.l
67.5
160.2
173.4
451.4
9.7
441.6
65.4
168.7
207.6
Total financial assets
Checkabll! dep. and currl!ncy
Credit market instru•ents
Hort9a9es
Consumer credit
Other loans ( to business>
l
2
3
291.5
193 .2
77 .2
15.3
100.7
354.6
246.9
93.l
13.2
140.7
0.1
430.9
308.l
115.6
10.8
181.7
0.1
499.9
Total l1ab111tits
Credit market instruments
Corporate bonds
Bank loans n.e.c.
Open-market paper
Profit taxes payablt
7
46.4
51.8
61.3
46.2
98.3
24.5
108.9
33.8
5.4
357.0
137.l
7.3
212.6
0.2
4
s
6
8
9
10
11
12
Funds from parent companies
Other miscellaneous liab.
13
14
Total financial assets
Checkable dep. and currency
l
2
Open-End Investrnent Cornpanies (Mutual Funds)
l
2
76.9
l .2
112.l
1.7
136. 7
2.1
240.2
413.5
460.l
3
49.4
26.3
5.1
5.1
74.4
36.0
5.7
5.7
8
9
10
8.0
10.2
3.0
13.4
13.0
4.0
80.6
54 .o
12.0
11.5
0.5
19.1
16.5
6.4
113. 7
122.7
64.9
52.9
12.0
33.S
20.1
4 .1
161.2
245.8
124.2
89.3
34.9
65.3
46.9
9.4
181.7
271.6
134.l
99.2
34.9
70.7
54.2
12.6
11
76.9
112.1
136.7
240.2
413.5
460.1
4
5
6
7
3.8
6.5
6.9
Corporate equities
3
Credit market instruments
4
U.S. 9overnment securities 5
Treasury issues
6
A9ency issues
7
Tax-exempt obligations
8
Corporate & foreign bonds
9
Open-market paper
10
Total shares outstandin9
11
Honey Market Mutual Funds
1
2
219.8
0.3
40.8
16.2
23.8
179.4
-.3
24.0
13.0
21.9
233.6
-1.2
23.6
10
11
12
9
137.0
54.6
42.6
12.0
13.2
69.l
l .8
13
219.8
3
4
5
6
7
8
292.1
21.2
243.8
0.2
16.8
26.l
19.0
22.2
316.l
-.3
33.6
39.3
21.6
119.2
36.2
22.8
13.4
16.8
66.2
1.5
164.2
42.4
25.4
17.0
23.8
98.0
3.0
178.l
42.7
24.6
18.l
36.3
99.l
3.6
212.2
43.2
28.0
15.l
63.8
105.3
6.5
214.0
41.3
l<I .3
27.0
61.<I
111.3
7.9
179 .4
233.6
2<13.8
292.l
316.l
22.8
BILLIONS OF OO·-LARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
19.1
32.2
Total financial assets
Checkable dep. end currency
Time deposits
Security RPs
Forei9n deposits
1
2
3
4
s
Credit market instruments
6
u.s. 9overnment stcurit1ts 7
Treasury issues
8
A9encY issues
9
Tax-exempt obli9at1ons
10
Optn-marktt paper
11
Miscellaneous
12
Total shares outstand1n9
13
DECEMBER 1988
Finance N.E.C., Continued
101
Finance N.E.C., Continued
Sector Statements of Financial Assets and L1ab1l1t1es
VEAR END OUTSTANDINGS, 1970-81
VEAR END OUTSTANDINGS, 1970-81
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
Re■l Estate Investment Trusts
1 Total financial assets
Ho1111 11ortgages
2
Co111ta1rcial ■ortgages
3
4
Multi-family mortgages
Miscellaneous assets
5
6 Total liabilities
Credit 11arket instruments
7
Hortga91s
8
Hulti-fa1111ly residential
9
Commercial
10
Corporate bonds
11
12
Bank loans n.1.c.
Open-market paper
13
14
3.9
0.6
2.0
I.3
6.4
0.8
3.2
2.2
0.2
11.4
1.2
5.0
4.2
1.0
17.0
1.9
7.5
6.6
1.0
17.5
1.7
7.7
2.2
2.2
0.5
0.2
0.4
0.6
1.0
4.1
4.1
o.7
0.2
0.5
1.0
1.6
0.8
8.8
8.8
14.4
14.4
1.5
0.5
1.0
1.9
7.o
4.0
1.2
0.4
0.8
1.4
3.0
3.2
Miscellaneous liabilities
1.4
14.0
1.4
7.0
4.8
0.8
9.8
1.1
5.2
3.1
0.5
7.2
o. 9
3.8
2.2
0.3
3.5
o.7
3.3
1.8
-2.4
3.5
0.5
2.8
1.6
-1.4
3.3
0.4
2.4
1.3
-.9
3.2
0.3
1.6
0.8
0.6
16.6
15.8
1.6
0.5
1.1
2. l
11.4
0.7
17.8
15.7
2.0
o.7
1.4
2.1
10.8
0.8
16.0
13.8
2.4
0.8
1.6
1.9
4.9
4.6
2.0
o.6
1.3
1.6
0.3
0.6
4.6
4.4
2.0
0.6
1.3
1.6
0.1
0.8
4.1
3.9
1.9
0.6
1.3
1.4
0.6
13.0
11.3
2.4
0.8
1.6
1.8
6.5
0.5
0.5
4.0
3.7
1.9
0.6
1.3
0.7
0.5
0.6
0.8
2.1
2.3
1.8
0.3
0.1
0.2
0.4 14
6.8
8.9
1
2
3
4
5
6
7
8
9
10
11
12
13
Security Brokers and Dealers
16.2
1.1
2.0
17.6
1.1
2.1
22.9
1.1
2.4
20.3
0.9
2.8
18.2
0.8
2.2
21.5
0.7
3.4
34.4
1.0
1.5
30.3
1.0
1.8
32.9
1.2
1.9
33. l
2.2
2.6
45.9
3.0
3.3
60.7
2.8
3.5
l
2
3
Credit 11ark1t instruments
u.s. 9overnm1nt secur1 t1es
Tax-1xe11pt obl19at1ons
Corporate bonds
Open-market paper
6.0
3.4
0.9
1.7
4.6
1.8
1.0
1.8
6.0
2.0
0.9
2.0
1.0
7.5
2.0
1.1
2.4
2.0
7.8
2.3
0.7
1.8
3.0
8.8
1.2
0.6
3.0
4.0
17.2
6.2
1.7
2.1
7.2
11.8
0.8
2.1
2.2
6.7
8.6
-.6
1.9
1.5
5.8
5.1
-5.9
2.2
1.6
7.2
7.7
-3.6
2.5
2.0
23.0
5.0
3.0
3.4
11.6
6
Security credit
Hiscellaneous assets
7.2
9.8
13.5
9. l
7.6
8.6
12.5
2.2
14.5
1.1
17. l
4.0
17.5
5.8
24.7
7.2
23.0 9
8.4 10
15.3
16.5
21.5
17.8
14.8
17.o
1.0
29.7
3.4
25.6
-1.7
27.7
-3.4
27.2
-5.8
38.2
-5.0
51.5 11
4.1 12
14.2
9.5
4.7
15.3
10.1
5.2
19.5
14.1
5.4
16.1
10.9
5.2
13.2
9.0
4.2
16.0
11.2
4.8
23.4
17.7
5.7
25.3
19.6
5.7
25.6
17.1
8.5
26.7
16.4
10.4
33.4
17.2
16.2
36.5 13
21.8 14
14.7 15
0.2
1.0
0.1
1.0
0.2
1.8
0.2
1.6
1.6
0.1
-.1
0.2
2.7
0.1
1.8
0.2
5.2
0.2
6.2
0.5
9.3
16
0.3 17
10.5 18
l Total financial assets
2
Checkable dep. and currency
Corporate equi t1es
3
4
5
6
7
8
9
10
11 Total 11 ab1l1 t1es
12
Security RPs (net>
13
14
15
Security credit
From banks
Customer credit balances
16
17
18
Trade debt
Prof1t taxes payable
Miscellaneous l1abil1ths
6.8
4
5
7
8
-
CHO Issuers
Total financial assets
A91ncy securities
2
Total liabilities
Corporate bonds (CHO issues>
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2
DECEMBER l 988
Finance N.E.C., Continued
Finance N.E.C., Continued
Sector Statements of Financial Assets and Liabilities
------------------------------------------VEAR END OUTSTANDINGS, 1982-87
1982
1983
1984
1985
----------------------l
2
3
4
5
3.5
3.5
0.3
0.2
0.8
0.9
0.9
1.5
1.5
o.9
1986
102
VEAR END OUTSTANDINGS, 1982-87
1987
Real Estate Investment Trusts
5.6
0.2
1. 9
1.3
2.0
8.1
o.3
3.8
1.8
2.2
8.5
o.3
3. 9
1.8
2.6
4.8
4.3
2.5
6.1
5.6
2.7
2.7
10.7
0.4
4.5
2.0
3.8
Total financial assets
Home mortgages
Commercial mortgages
Multi-family mort9a9es
Miscellaneous assets
0.6
0.4
0.7
0.8
0.4
0.6
0.7
0.7
0.9
1.1
1.4
Total Uab111ties
Credit market instruments
Mortgages
Multi-family residential
Commercial
Corporate bonds
Bank loans n.e.c.
Open-market paper
14
0.4
0.3
0.5
0.5
0.2
0.2
Miscellaneous liabilities
l
2
3
84.7
4.5
4.9
187.8
8.5
17. 7
131. 0
7. l
10.7
4
78.3
25.9
47.4
6
7
8
9
10
11
12
13
4.1
3. 7
2.0
o. 7
1.4
o.7
0.4
3.8
3.5
2.l
o.7
1.4
0.8
0.9
1.5
1.7
0.5
1.8
6.8
6.5
0. 9
8.3
8.l
3.0
1.0
2.0
1.8
1.8
2, l
1.5
-----------------------------------------------------------------Security Brokers and Dealers
---------------92.4
3.6
120.8
10.0
8.9
3.9
59.5
65.l
8
38.5
11.5
4.6
5.9
16.4
30.7
4.7
6.5
7.9
11.6
158.7
6.3
14.l
11. 0
13.7
17.3
19.9
22.9
14.5
16. 6
23.2
12.6
18.8
9
10
25.8
11.l
34.2
13.8
31.8
16.7
so.7
22.6
57.4
26.0
41.l
24.7
11
73.l
77.8
.104 .4
137 .5
160.7
43.l
101. 9
-6.0
50.5
74.4
39.4
35.l
32.l
76 .1
63.0
5
6
7
12
13
14
28.9
39.5
14.0
43.7
15
21.7
17.8
23.l
16
17
18
0.6
4.1
18.7
20.6
1.0
0.5
17.5
31.0
29.0
21.6
1.5
0.4
20.9
7. 7
29.8
2.3
0.8
30. l
44.0
3.4
o.9
37.l
9.l
8.2
11.2
25.8
37.2
3.2
0.4
41.3
-------·--------------------------CHO Issuers
2
0.6
4.2
13.5
25.0
64.0
103.l
0.6
4.2
13.5
25.0
64.0
103.l
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total financial assets
Checkable dep. and currency
Corporate equities
Credit market instruments
U.S. government securities
Tax-exempt obligations
Corporate bonds
Open-market paper
Security credit
Miscellaneous assets
Total liabilities
Security RPs Cnetl
Security credit
From banks
Customer credit balances
Trade debt
Profit taxl!S payable
Miscellaneous liabilities
l
2
3
4
5
6
7
8
9
10
14
11
12
13
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
Total financial assets
Agency securities
Tr; tal 11ab111ties
Corporate bonds CCHO issues)
2
DECEMBER 1988
Monetary and Insurance Reserves
103
Monetary and Insurance Reserves
Forei9n Exchan9e, Treasury Currency and Insurance Reserves
VEAR END OUTSTANDINGS, 1970-81
YEAR END OUTSTANDINGS, 1970-81
1970
1971
1973
1972
1974
1975
1976
1978
----------
1979
1980
1981
1977
Gold and Official Forei9n Exchan9e Holdin9s (1)
2
3
4
Total U.S. reserves
14.5
12.3
13.2
14.4
15.9
16.2
18.7
19.3
18.7
19.0
26.8
30.1
u.s.
11.9
1.2
10.7
11.4
1.3
10.1
12.4
2.0
10.4
13.8
2.3
11.6
14.0
2.4
11.7
13.9
14.0
2.4
11.6
14.3
2.6
11.7
13.2
1.6
11.7
13.9
2.7
11.2
13.8
2.6
11.2
15.2
4.1
11.2
2
3
4
2.6
0.6
0.4
0.3
0.9
0.3
0.3
o.7
0.2
0.6
1.9
2.3
O.l
4.8
5.0
5.4
4.4
2.8
1.6
5.1
3.8
1.3
2.5
13,0
10.l
5.0
5.l
14.8
9.8
4.6
5.1
5
1.9
0.6
o.7
-.1
1.0
1.1
1.3
1.3
2.9
2.9
- .1
10.7
11.8
1.3
-2.4
12.3
13.l
1.8
-2.6
13.6
13.8
2.5
-2.8
14.8
14.5
3.3
-3.0
9old stock and SDRs
U.S. 9ovt.: Ex. Stab. Fund
Monetary authority (2)
U.S. forei9n exchan9e position
Official f9n.currency hld9s.
Treasury
Monetary author1 ty
8
5
6
7
9
10
11
Net IMF position
u.s. 9overnment
Monetary author1ty
2.0
-.1
0.2
0.5
0.5
-.l
0.6
0.6
-.1
1.9
1.9
-. 1
(1) Lines 1, 2, and 3 include increases in SDRs throu9h allocations, which
occurred at various dates be9innin9 January 1970. Also included in the
table are revaluations of forei9n currency holdi n9s, 9old, SORs, and
IMF position. These allocations and revaluations are excluded from
tables on flows.
2.3
11.6
0.l
0.3
0.2
0.2
2.2
4.4
.
2.2
4.5
5.0
5.0
.
6
7
8
5.l 9
5.1 10
11
(2) Treasury 9old stock.
Treasury Currency and SOR Certificates
1 Total U.S. 9ovt. l1ab111ty
Treasury currency
2
SOR certificates
3
4
Unallocated assets
Life insurance reserves:
6.0
7.l
0.4
-1.6
6.4
7.6
0.4
-1.6
7.0
8.3
0.4
-1.7
---------
7 ,4
8.7
0.4
-1.7
7.7
9.3
0.4
-1.9
8.7
10.2
0.5
-2.0
9.9
10.8
1.2
-2.2
10.2
11.3
1.3
-2.4
l
2
3
4
Insurance and Pension Fund Reserves
l Total liabilities
2
U.S. 9overnment
Life insurance companies
3
130.7
7.4
123.3
137.l
7.4
129.6
143.9
7.6
136.3
151.3
7.8
143.5
158.4
7.9
150.5
166.5
8.0
158.5
175.3
8.2
167.l
184.8
8.4
i 76.4
196.0
8.7
187.3
206.7
9.0
197.7
216.4
9.1
207.4
9.3
216.3
225.6
l
2
3
Total assets C households>
130.7
137.l
143.9
151.3
158.4
166.5
175.3
184.8
196.0
206.7
216.4
225.6
4
240.8
27.5
23.0
4.5
213.3
41.0
112.0
60.3
277.9
30.4
26.0
4.4
247.5
46.l
132.4
69.0
331.3
33.4
29.l
4.3
297.9
52.l
165.3
80.6
338.0
35.5
31.4
4.1
302.5
56.l
161.7
84.7
345.3
38.2
34.4
3.9
307.l
60.4
158.7
88.0
444.l
41.9
38.5
3.4
40�.2
72.3
225.0
104.8
507.5
46.4
43.l
3.3
461.0
88.7
251.9
120.4
560.3
52.9
50.0
661.5
767.1
67.7
�
507.5
103.2
271.7
132.5
3.l
699.4
143.5
386.l
169.7
916.1
76.4
73.9
2.5
839.6
172.0
469.6
.198.1
996.9
56.7
3.1
601.7
121.6
326.2
153.9
240.8
277.9
331.3
338.0
345.3
444.I
507.5
560.3
661.5
767.1
916.l
996.9
13
4
Pension fund reserves:
5
6
7
8
9
10
11
12
Total l1abil1ths
u.s. 9overnment
Employee retirement
Railroad retirement
Insurance sector
Life insurance companies
Private pension funds
St.&loc. 9ovt. rtr. funds
13 Total assets (households)
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2.9
59.8
64.6
86.2 6
84.8 7
1.4 8
910.7 9
199.8 10
486.7 11
224.2 12
DECEMBER l 988
Honet.ary and Insurance Reserves
Monetary and Insurance Reserves
Fore1gn Exchange, Treasury Currency and Insurance Reserves
1982
1983
1984
104
VEAR END OUTSTANDINGS, 1982-87
VEAR END OUTSTANDINGS, 1982-87
1986
---------
1985
1987
Gold and Off1c1al Foreign Exchange Holdings Cl>
34.o
33.7
34.9
43.2
48.5
45.8
Total U.S. reserves
2
3
4
16.4
5.3
ll.l
16.l
5.0
11.1
16.7
5.6
11.1
18.4
7.3
ll.l
19.5
8.4
11.l
21.4
10.3
11.l
U.S. sold stock and SDRs
U.S. govt.: Ex. Stab. Fund
Monetary author1ty (2)
5
6
7
8
17. 6
10.2
4.4
5.8
17.6
6.3
2.6
3.7
18.2
6.7
3.1
3.6
24.8
12.9
5.8
7.0
29.l
l 7.3
7.9
9.5
24.4
13.l
7.4
5.7
9
10
11
7.3
7.4
11. 3
11.4
11.5
11.6
-.l
12.o
12.0
11.7
11.8
-.1
11. 3
11.4
-.l
.
U.S. foreign exchange pos1tion
Official fgn.currency hldgs.
Treasury
Monetary authority
Net IMF position
U.S. government
Monetary author1ty
2
3
4
5
6
7
8
9
10
11
Cl> Lines l, 2, and 3 1nclude 1ncreases in SDRs through allocations, which
occurred at various dates beginning January 1970. Also included in the
table are revaluations of foreign currency holdings, gold, SDRs, and
IMF position. These allocations and revaluations are excluded from
tables on flows.
(2) Treasury gold stock.
Treasury Currency and SDR Certificates
l
2
3
4
16.5
15.0
4.6
-3.2
16.9
15.7
4.6
-3.4
17.5
16.4
4.6
-3.5
18.o
17.1
4.7
-3.8
18.8
17.6
5.0
-3.8
19.2
18.2
5.0
-4.0
Insurance and Pension Fund Reserves
Total U.S. govt. l1ab1l1ty
Treasury currency
SDR certificates
Unallocated assets
l
2
3
4
Life insurance reserves:
236.l
9.9
256.7
10.2
246.5
274.2
10.5
263.7
300.3
10.8
289.5
Total liabilities
u.s. government
Life insurance companies
1
2
240.8
246.0
256.7
274.2
300.3
Total assets (households)
4
9
10
11
12
1179.2
97.9
97 .4
0.5
1081.3
242.9
575.8
262.5
1392.1
112. 0
111.4
0.6
1280. l
286.4
682.5
311.2
1532.0
130.0
126.9
3.l
1402.0
331.6
713.9
356.6
1801.6
148.8
144.6
4.2
1652.8
400.0
848.l
404.7
2057. 7
169.6
163.4
6.2
1888. 1
476.9
941.8
469.4
2248.2
189.5
182.7
6.8
2058.7
538.9
999.7
520.0
Total liabilities
U.S. government
Employee retirement
Railroad retirement
Insurance sector
Life insurance companies
Private pension funds
St.&loc. govt. rtr. funds
10
11
12
13
1179.2
1392.l
1532.0
1801.6
2057.7
2248.2
Total assets (households>
13
1
2
3
232.8
223.3
9.5
240.8
9.7
231.1
232.8
246.0
Pension fund
5
6
7
8
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3
reserves:
5
6
7
8
9
DECEMBER 1988
Interbank Claims
105
Interbank Claims
Net Interbank Positions with Domestic and Foreign Banks
VEAR END OUTSTANDINGS, 1970-81
VEAR END OUTSTANDINGS, 1970-81
1970
l Total liabilities
Monetary authority
2
Coml. bank reserves
3
Vault cash
4
1971
1972
1973
-------------
1974
1975
1976
1977
1978
1979
1980
1981
-25.0
43.9
25.2
18.6
Net Interbank Claims
48.5
31.2
24.2
7.0
47.3
35.3
27.8
7.5
45.0
34.3
25.6
42.6
37.7
27.l
10.7
42.1
37.5
25.8
11.6
30.4
38.3
26.l
12.3
21.3
37.3
25.2
12.1
21.6
40.8
26.9
13.9
38.4
46.7
31.2
15.5
57.7
48.3
29.8
18.5
24.7
47.3
27.5
19.8
17.3
4.6
10.5
11.0
11.9
4.4
S.8
6.6
1.6
2.3
o.7
10.7
6.0
4.9
4.4
1.6
3.0
0.2
l.9
1.6
4.6
2.3
0.4
2.6
-1.3
4.5
S.8
-7.9
3.9
-9.5
-5.4
-8.5
3.7
12.1
-16.0
2.6
-15.4
-9.5
-15.5
4.3
19.8
-19.2
4.1
-16.4
-8.4
-16.7
7.8
24.5
-8.3
7.7
-10.0
-2.5
-15.5
12.2
27.7
9.4
8.2
9.5
16.8
-2.9
25.9
28.8
-22.5
6.3
-17.l
-4.4
-23.1
-2.5
-3.5
2.5
3.5
-3.5
o.7
4.2
-3.6
0.8
4.4
-3.7
0.9
4.6
-2.7
0.2
2.9
-1.9
1.0
2.9
-4.0
1.8
5.9
-10.2 12
2.9 13
13.0 14
5.2
7.5
14.0
6.6
14.8
9.5
8.2
18.8
9.3
12.0
24.4
12.4
15.8
31.5
15.7
21.5
46.9
25.4
22.7
60.4
37.7
-5.0 15
37.5 16
42.5 17
15.7 18
10.7 19
5.0 20
8.6
1
2
3
4
10
11
Commercial banking
To monetary authority
To bnks.in fgn.cntries,net
Liabilities, net
U.S. chartered banks
Due to fgn affil.
-Due from fgn affil.
12
13
14
Dom affil. of U.S. bks
Due to fgn affil.
-Due from f9n affil.
15
16
17
F9n. bk9. off. in U.S.
Due to fgn affil.
-Due from fgn affil.
4.5
6.3
1.8
5.0
7.0
2.0
9.8
3.0
9.5
4.3
18
19
20
Less: Dep. at f9n. banks
u.s. cnartered banks
Fgn. bkg. off. in u.s.
o.6
o.s
0.1
0.8
0.6
0.1
1.1
0.6
0.4
1.4
0.7
0.7
2.3
1.3
0.9
4.1
2.6
1.5
5.9
4.5
1.4
8.0
4.9
3.0
7.5
4.1
3.4
7.3
3.9
3.4
12.7
7.3
5.4
2.2
4.5
1.7
3.3
6.3
-2.0
-1.0
5.4
-1.l
-4.l
10.6
1.9
-4.5
18.l
-2.4
4.6
1.7
7.4
-2.0
11.7
-l.l
16.2
1.9
-2.4
-3.l
-4.6
14.9
2.6
15.5
-3.l
-6.9
3.4
2.2
-5.6
11.1
1.5
12.0
-6.0
-10.2
27.8
6.7
27.1
-6.0
-8.3
-18.9
35.4
7.6
36.l
-8.3
-11.7
-33.0
38.l
9.4
40.5
-11.7
1.1
3.0
6.4
14.7
21.8
0.8
15.4
1.3
18.0
1.5
22.5
l.7
34.9
3.0
48.7
5.6
63.8
7.4
77.2 27
6.9 28
0.8
0.8
-.2
1.3
1.5
-1.0
1.5
2.6
-2.4
l.7
4.1
-3.7
3.0
6.7
-2.0
5.6
7.6
-1.9
7.4
-6.9 29
9.4
6.9 30
13.8 31
36.3 32
77.2 33
40.9 34
5
6
7
8
9
27
28
To U.S. banking, net
u.s. chartered banks
Liabilities
To dom. affiliates
To fgn off. in U.S.
Unallocated
Less, due from:
Fgn. offices in us
Domestic Affiliates
29
30
31
Domestic affiliates
Due to U.S. banks
-Due from U.S. banks
32
33
34
F9n. bkg. off. in U.S.
Due to U.S. banks
-Due from U.S. banks
21
22
23
24
25
26
35 Total assets
6.5
7.2
o.7
5.6
6.8
7.8
1.1
2.1
1.0
6.7
6.5
-5.3
18.9
4.1
21.7
-6.9
20.2
43.3
-2.3
1.1
3.4
-1.6
3.0
4.6
-1.0
6.4
7.4
3.0
14.7
11.7
5.6
21.8
16.2
3.4
15.4
12.o
2.5
18.0
15.5
o.7
22.5
21.7
7.8
34.9
27.l
12.6
48.7
36.l
23.3
63.8
40.5
24.5
-15.4
39.9
2.6
2.6
28.5
-16.4
44.9
4.1
3.8
0.3
44.4
-10.0
54.4
7.7
36.4
-17.1
53.5
6.3
4.5
1.8
-68.8 5
3.4 6
-55.0 7
-39.2 8
-24.1 9
25.9 10
so.o 11
-17.2
-46.6
37.5
13.8
40.9
-17.2
21
22
23
24
25
26
36
37
38
39
40
Foreign
Domestic
Monetary authority
Federal Reserve float
Loans to member banks
46.2
10.5
35.8
4.6
4.3
0.3
45.6
5.8
39.7
4.4
4.3
47.0
6.8
40.3
6.0
4.0
2.0
43.7
l.6
42.l
4.4
3.1
1. 3
40.l
0.4
39.8
2.3
2.0
o.3
32. 7
-9.5
1.2
66.0
9.5
56 .5
8.2
6.8
1.5
41
42
43
Commercial banking
Coml. bank reserves
Vault cash
31.2
24.2
7.0
35.3
27.8
7.5
34. 3
25.6
8.6
37.7
27.l
10.7
37.5
25.8
11.6
38.3
26.l
12.3
37.3
25.2
12.1
40.8
26.9
13.9
46.7
31.2
15.5
48.3
29.8
18.5
47.3
27.5
19.8
44 Discrepancy--floats, etc.
43.9 41
25.2 42
18.6 43
2.2
1.7
-2.0
-1.1
1.9
-2.4
-3. l
-6.9
-6.0
-8.3
-11.7
-17.2 44
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
42.2
3.9
3.7
0.2
6.5
-7.7
-55.0
47.2
3.4
1.8
1.6
35
36
37
38
39
40
DECEMBER 1988
Interbank Claims
Interbank Claims
Het Interbank Positions w1th D0111estic and Forei9n Banks
VEAR END OUTSTANDINGS, 1982-87
1982
1984
1983
106
VEAR EHD OUTSTANDIHGS, 1982-87
1985
1986
1987
-----------
Net Interbank Claims
1
2
3
4
1
2
3
4
-56.l
46.0
26.5
19.5
-56.6
42.4
21.4
21. 0
-43.4
46.1
21.8
24.2
-14.8
54.2
28.6
25.5
11.8
73.8
48.1
25.7
45.8
66.6
41.8
24.9
5
6
7
10
11
-102.2
3.5
-87.9
-64.4
-37.3
23.2
60.5
-99.0
2.5
-75.5
-53.8
-30.6
31.6
62.2
-89.4
4.4
-73.2
-54.4
-37.0
32.5
69.5
-69.0
4.o
-58.6
-44.6
-28.9
42.8
71.7
-61.9
2.8
-45.9
-32.9
-32.6
37.8
70.4
-20.8
4.6
-1.8
9.2
-17.3
49.8
67 .1
5
Commercial bankin9
6
To monetary authority
To bnks.in f9n.cntries,net 7
8
Liabilities, net
U.S. chartered banks
9
Out to fsn affil.
10
-Due from f9n affil. 11
12
13
14
-12.3
3.2
15.5
-15.5
3.9
19.3
-16.1
4.6
20.7
-16.6
3.5
20.l
-15.3
4.7
20.0
-11.8
5.6
17.4
D0111 affil. of u.s. bks 12
Due to f9n affi1.
13
-Due from f9n a'ffil. 14
15
16
17
-14.8
31.2
46.0
-7.7
36.4
44.2
-1.4
35.6
37.0
0.8
43.0
42.1
14.9
61.6
46.7
38.3
74.7
36.4
F9n. bk9. off. in U.S. 15
Due to ·fsn affi l.
16
-Due from f9n affil. 17
18
19
20
23.5
20.5
3.0
21.7
19.3
2.4
18.7
14.6
4.1
14.0
12.6
1.4
12.9
11.6
1.3
10.9
9.7
1.2
Less: Dep. at fsn. banks 18
u.s. chartered banks 19
F9n. bk9. off. in U.S. 20
21
22
23
24
25
26
-17.7
-48.8
30.7
14.6
33.7
-17.7
-26.I
-45.9
27.5
21.5
32. l
-26.l
-20.7
-40.4
26.8
18 .5
28.9
-20.7
-14.4
-42.3
34.4
18.5
30.2
-14.4
-18.9
-44.9
36.9
18.2
37.5
-18.9
-23.7
-43.0
39.3
16.0
47.0
-23.7
27
28
72.4
7.l
66.9
6.5
62.3
4.9
68.6
8.l
74.7
7.1
76.5
5.8
29
30
31
-7.5
7.l
14.6
-15.0
6.5
21.5
-13.6
4.9
18.5
-10.4
8.1
18.5
-11.l
7.l
18.2
-10.1
5.8
16.0
32
33
34
38.6
72.4
33.7
34.9
66.9
32. l
33.3
62.3
28.9
38.4
68.6
30.2
37.2
74.7
37.5
29.4
76.5
47.0
35
36
-38.5
-87.9
49.5
3.5
2.7
0.1
-30.5
-75.5
44.9
2.5
1.6
0.9
-22.7
-73.2
50.5
4.4
0.9
3.6
-.4
-58.6
58.2
4.0
1.0
3.l
30.7
-45.9
76.6
2.8
1.3
1.6
69.5
-1.8
71.3
4.6
0.8
3.8
41
42
43
46.0
26.5
19.5
42.4
21.4
21.o
46.1
21.8
24.2
54.2
28.6
25.5
73.8
48.1
25.7
66.6
41.8
24.9
Commercial bankins
Coml. bank reserves
Vault cash
41
42
43
44
-17.7
-26.l
-20.7
-14.4
-18.9
..:23.7
Discrepancy--floats, etc.
44
8
9
37
38
39
40
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total liabilities
Monttary authority
Coml. bank reserves
Vault cash
To U.S. bankin9, net
u.s. chartered banks
Liabilities
To dom. affiliates
To f9n off. in U.S.
Unallocated
Less, due from:
F9n. offices in US
Domestic Affiliates
21
22
23
24
25
26
Domestic affiliates
Due to U.S. banks
-Due from U.S. banks
29
30
31
F9n. bk9. off. in U.S.
Due to U.S. banks
-Due from U.S. banks
32
33
34
Total assets
Forei9n
Domtstic
Monetary authority
Federal Reserve float
Loans to 11ember banks
27
28
35
36
37
38
39
40
DECEMBER 1988
Deposit Claims
Deposit Claims
107
Monetan, Claims On Financial Institutions
VEAR END OUTSTANDINGS, 1970-81
VEAR END OUTSTANDINGS, 1970-81
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
Checkable Deposits and Currency
l Total liabilities
Monetary authority
2
3
U.S. govt. cash & deposits
Foreign deposits
Currency outside banks
6
Commercial bankin9
Commercial banks
U.S. government deposits
Forei9n deposits
Private domestic dep.
Forei9n banking offices
Foreign deposits
Private domestic dep.
4
5
7
8
9
10
11
12
13
242.2
52.0
1.6
0.3
50.0
259.9
56.5
2.5
0.5
53.5
283.6
60.4
189.8
202.9
222.6
218.4
10.9
6.3
182.5
7.9
5.7
168.8
7.3
0.6
6.7
195.5
10.2
5.2
180.1
7.4
0.8
6.6
2.2
0.4
57.9
201 .2
4.2
1. 6
2.7
326.7
82.6
7.8
0.5
74.4
351.5
93.2
10.9
0.6
81.7
381.7
98.0
7.5
0.6
89.9
414.4
104.3
4.4
o.7
99.2
450.2
112.5
4.6
0.8
107.l
471.7
121.5
3.5
0.5
117.5
499.6
132.4
4.7
0.7
126.9
2�2.8
10.6
214.1
5.7
2.8
2.8
236.5
3.1
10.2
223.2
6.2
3.0
3.2
256.l
247.5
3.0
11.9
232.7
8.6
4.4
4.2
280.6
269.0
7.3
13.5
248.1
11.6
5.1
306.0
291.9
14.1
13.5
264.3
14.l
4.9
9.2
332.4
317.5
14.5
17.0
286.0
14.8
5.6
9.2
342.0
328.2
11. 9
16.9
299.4
13.7
6.0
7.7
350.6
343.0
10.8
13.9
318.3
7.6
5.1
2.5
10
11
12
13
1.3
0.3
0.9
o.1
2.1
0.5
1.4
0.3
3.l
0.6
1.8
0.6
4.1
0.8
2.3
1.1
5.4
1.1
2.8
16.7
8.9
3.9
3.9
14
15
16
17
301.1
65.0
2.9
0.3
61.8
308.0
71.9
3.3
0.5
68.l
235.4
230.9
235.2
229.5
212.4
4.5
2.3
9.9
8.6
2.2
4.8
6.5
l
2
3
4
5
6
7
8
9
0.4
0.l
0.3
0.5
0.1
0.3
0.6
0.2
0.4
0.1
0.5
o.1
0.9
0.2
0.6
0.l
1.5
8.3
1.6
3.4
3.3
18 Total assets
19
20
21
22
Pvt. domes. sectors, by type
Currency
Demand deposits
Other checkable
2�2.2
226.0
50.0
175.5
0.4
259.9
240.7
53.5
186.7
0.5
283.6
262.3
57.9
203.8
o.6
301.1
277.2
61.8
214.6
0.8
308.0
285.9
68.1
216.9
0.9
326.7
302.1
74.4
226.1
1.6
351.5
320.8
81.7
235.6
3.4
381.7
347.7
89.9
252.8
5.0
414.4
376.9
99.2
268.2
450.2
407.7
107.1
282.5
18.1
471.7
432.9
117.5
286.2
29.3
499.6
464.4
126.9
257.4
80.1
18
19
20
21
22
23
24
Pvt.do111es.sectors, by holder
Pvt. domestic nonfinancial
Households
Business
226.0
213.3
118.2
63.1
240.7
227.1
130.4
61.7
262.3
247.0
142.4
64.4
12.5
44.9
12.7
27.6
15.3
15.9
302.1
283.9
162.5
78.7
7.0
17.8
53.9
13.4
29.3
18.2
320.8
301.6
176.2
83.1
6.9
19.8
56.4
12 .4
29.9
19.2
7.0
22.4
59.2
13.5
31.7
21.4
376.9
352.6
217.5
90.4
7.1
25.6
57.7
13.4
31.2
24.3
407.7
380.2
250.l
85.9
7.3
28.3
50.3
13.0
31.2
27.5
432.9
12.5
42.6
12.1
22.9
13.6
285.9
269.5
157.0
72.0
6.9
17.3
47.8
12.9
27.7
16.4
347.7
326.3
192.5
12.5
44.1
11.3
20.7
12.7
277.2
261.3
151.0
70.3
7. 1
16.9
46.3
12.7
464.4
430.3
293.6
88. 1
7.5
33.3
47.4
11. 0
37.6
34.2
23
24
25
26
27
28
29
30
31
32
11.2
12.7
14. 0
8.1
13.7
10.9
16.9
13.9
19.3
14.8
19.0
18.5
23.4
19.0
23.5
15.4
1147.8
473.6
674.2
471. 0
145.2
57.9
14
15
16
17
25
26
27
28
29
30
31
32
33
Savings institutions
Savings and loan assns.
Mutual savings banks
Credit unions
Farm
Nonfar111 noncorpor■te
Corporate
State&local governments
Hail float
Financial sectors
Foreign
34 U.S. govern111ent
6.5
6.7
9.5
6.6
6.5
12.7
6.9
8.3
13.1
0.8
0.2
27 .2
88.6
9.5
402.1
260.7
95.6
7.4
31.1
57.1
12.4
33.5
30.7
19.7 33
15.5 34
Small Time and Savin9s Deposits
1 Total liabilities
Commercial banks
2
3
4
5
6
Savings institutions
Savings and loan assns.
Mutual savings banks
Credit unions
7 Total assets
8
9
10
11
Households
U.S. government
State and local governments
Credit unions
412.2
179.9
232.3
145.7
71.2
15.5
480.5
208.5
272.0
172.8
80.9
18.3
550.0
233.0
317.0
204.6
90.9
21.6
589.2
245.6
343.6
223.8
95.3
24.5
626.8
263.7
363.l
238.3
97.3
27.5
724.7
303.5
412.2
410.7
478.5
480.5
550.0
547.6
589.2
587.2
0.4
624.4
0.5
626.8
1.0
1.5
1.8
1.6
1.9
0.5
0.5
0.6
280.0
108.3
32.9
846.1
358.0
488.l
328.7
120.7
38.7
940.6
386.1
554.5
377.3
131.l
46.1
1005.5
399.3
606.1
415.9
138.4
51.8
1065.1
428.8
636.3
440.7
139.9
55.7
724.7
721.0
0.6
1.0
2.1
837.2
o.7
6.1
2.1
846.l
940.6
1005.5
998.4
0.9
4.4
1.8
1065.1 1147.8
1058.2 1140.7
1.0
0.8
3.8
3.4
2.r
2.9
421.2
932.7
0.9
4.5
2.5
1195.6
513.7
681.9
474.9
146.8
60.2
2
3
4
5
6
1195.6 7
1188.2 8
o.7 9
3.5 10
3.2 11
Large Time Deposits
1 Total liabilities
Commercial banking
2
3
4
5
6
7
,
8
10
11
12
13
14
15
16
17
18
19
20
21
Domestic banks
Fore19n banking offices
Savings institutions
Savings and loan assns.
Hutual savin9s banks
Credit unions
Total assets
Pvt. domest1c nonf1nanc1al
Households
Business
State & local governments
Foreign
Financial sectors
Saving and loan ■ssns.
Mutual savings banks
Credit unio11s
Private pension funds
St.&local govt.rtr.funds
Honey 111arket funds
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
54.7
54.0
52.6
1.4
0.7
o.6
0.1
54.7
44.7
15.0
6.7
23.0
7.1
2.8
0.6
0.3
1.0
0.7
0.2
68.1
66.6
65.0
1.7
1.5
1.2
0.2
68.l
55.9
13.2
12.5
30.2
7.5
4.7
2.3
0.5
1.5
0.3
0.1
86.9
84.5
82.1
2.4
2.4
2.0
0.4
86.9
69.6
16.1
16.5
37.0
10.6
6.8
3.4
0.6
1.8
0.8
0.2
126.0
122.s
119.2
3.4
3.5
3.0
0.5
167.1
161.9
157.4
4.5
126.0
104.7
38.3
167.1
132.2
55.5
28.2
48.5
21.l
13.7
3.6
1.0
1.9
4.0
1.5
1.6
22.8
43.6
13.4
7.9
2.9
0.8
1.6
1.8
0.8
5.2
4.4
0.8
158.2
152.0
144.1
7.9
6.2
5.5
o.7
144.3
136.7
128.4
8.3
7.6
6.8
172.6
162.7
152.2
10.5
158.2
112.6
36.l
30.4
46.0
144.3
102.5
25.6
33.9
43.0
20.7
21.1
6.7
1.1
2.1
172.6
126.7
34.1
41.3
51.3
21.0
24.9
6.8
0.3
2.5
12.0
1.4
1.8
22.6
23.0
8.1
1.1
2.1
8.4
1.2
2.1
0.8
8.6
1.1
1.5
9.9
8.9
1.0
227.6
211.2
194.3
16.9
16.3
14.3
1.9
0.l
227.6
169.5
64.2
46.7
58.6
22.2
36.0
7.2
o.7
1.9
19.4
2.4
4.5
256.9
225.0
204.5
20.5
31.8
28.3
3.3
0.3
316.8
272.2
243.8
28.4
44.6
39.2
256.9
183.8
72. 1
316 .8
229.0
111.5
62.1
55.4
25.8
62.0
7.5
0.4
4.2
25.1
3.7
21.0
54.6
57.o
24.6
48.5
5.0
0.4
2.5
25.1
3.5
12.0
4.9
0.5
378.l
323.8
287.7
36.0
54.3
48.0
5.8
0.6
378.1
265.6
125.6
82.5
57.6
28.l
84.4
6.8
0.3
3.9
25.7
3.8
43.9
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
DECEMBER 1988
Deposit Claims
Monetary Claims On Financial Institutions
VEAR END OUTSTANDINGS, 1982-87
Doos1 t Cl■i■s
108
VEAR END OUTSTANDINGS, 1982-87
1982
1983
1984
1985
1986
1987
---------------------------------------------------
Checkable Deposits and Currency
1
-2
3
4
5
537.3
142.5
5.5
0.4
136.6
577. 7
155.5
4.1
0.5
150.9
625.l
165.8
5.8
0.4
159.6
708.6
182.4
9.9
0.5
171.9
835.5
194.7
8.0
0.4
186.3
839.4
211.4
5.8
o.3
205.4
6
7
8
9
10
11
12
13
369.8
363.9
16.9
11.6
335.4
5.9
4.0
1.9
385.7
379.4
11.5
12.9
355.0
6.3
4.2
2,1
414.9
409.7
15.5
15.8
378.3
5.2
3.3
1.9
468.8
461.4
25.8
15.9
419.7
7.3
4.7
2.7
562.9
554.6
27.5
18.6
508.5
8.3
4.8
3.5
543.l
535.5
21.6
17.2
496.7
7.6
4.9
2.7
14
15
16
17
25.0
14.6
4.7
5.7
36.5
21.0
7.5
8.0
44.4
24.8
10.0
9.5
57.4
31.2
13.6
12.6
40.8
21.l
16.0
77 .9
84.9
40.5
26.8
17.6
18
19
20
21
22
537.3
499.0
136.6
256.3
106.l
577.7
544.6
150.9
259.l
134.5
625.l
584.l
159.6
274.3
150.3
708.6
651.7
171.9
296.3
183.5
835.5
776.3
186.3
349.0
240.9
839.4
789.7
205.4
319.1
265.2
23
24
25
26
27
28
29
30
31
32
499.0
458.6
315.8
97.7
7.6
36.8
53.3
9.4
35. 7
40.3
544.6
501.9
342.0
112. 7
7 .8
45.0
59.9
8.7
38.3
42.7
584.l
538.3
363.7
124.4
7.9
49.8
66 .6
13.8
36.5
45.8
651.7
591.6
387.7
149.8
8.1
61.3
80.4
14.8
39.3
60.1
776.3
699.3
472.6
178.0
8.3
70.3
99. 3
18. 3
30.3
77.o
789.7
715.9
482.4
183.6
8.5
76.8
98.3
19.l
30.8
73.8
33
34
16.0
22.3
17.5
15.6
19.5
21.4
21.l
35.7
23.8
35.5
22,4
27.4
Total 11abil1t1es
Monetary authority
U.S. govt. cash & deposits
Foreign deposits
Currency outside banks
l
2
3
4
5
Ccmmercial bankin9
Co111mercial banks
U.S. government deposits
Foreign deposits
Private domestic dep.
Foreign bankin9 offices
Foreign deposits
Private domestic dep.
12
13
Savin9s institutions
Savings and loan assns.
Mutual savin9s banks
Credit unions
14
15
16
17
6
7
8
9
10
11
Total assets
18
Pvt. domes. sectors, by type 19
20
Currency
Demand deposits
21
Other checkable
22
Pvt.domes.sectors, by holder
Pvt. domestic nonfinancial
Households
Business
Farm
Nonfarm noncorporate
Corporate
State&local governments
Mail float
Financial sectors
Forei9n
U.S. government
23
24
25
26
27
28
29
30
31
32
33
34
Small Time and Savings Deposits
6
1334.3
611.4
722.8
508.0
146.4
68.4
1550.9
742.2
808.6
573.7
153.9
81.0
1701.6
816.8
884.8
640 .o
152.5
92.3
1842.7
897.2
945.5
685.0
148.8
111.7
1962. 6
968.7
993.9
717.1
141.6
135.2
2038.8
996.l
l042. 7
765. 7
130.6
146.5
Total 11ab1lit1es
Commercial banks
Savings institutions
Savings and loan assns.
Mutual savin9s banks
Credit unions
7
8
9
10
11
1334. 3
1322.5
1.1
5.0
5.7
1550.9
1532.6
o.7
10.3
7.3
1701.6
1685.7
1.2
1842.7
1829.5
1.2
2.4
9.6
1962.6
1945.7
1.4
2.6
12.9
2038.8
2017 .4
1.7
6.8
12.9
Total assets
Households
U.S. 9overnment
State and local governments
Credit unions
l
2
3
4
5
7.7
6.9
-------------------------------
2
3
4
5
6
7
8
9
10
11
Lar9e Time Deposits
l
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
395.5
329.5
289.6
40.0
65.9
59.4
5.8
0.7
382.4
281.2
250.8
30.4
101. 2
89.l
11.4
o.7
469.8
319.5
284.7
34.7
150.3
131.4
18.l
0.8
487.7
331.2
295.6
35.6
1S6.S
131.7
23.6
1.2
492.7
334.4
289.0
4S.4
158.3
127.2
29.5
1.5
544.2
376.5
326.7
49.9
16 7.7
121.0
44 .8
l.9
Total l1ab1lit1es
Commercial bankin9
Domestic banks
Forei9n banking offices
Savings institutions
Savings and loan assns.
Mutual savin9s banks
Credit unions
395.5
256.0
99.0
97.1
59.9
34.9
104.5
14.0
1.8
8.8
33.2
6.0
40.8
382.4
247.7
74.o
125.4
48.3
35.4
99.3
15.l
1.8
8.9
40.7
8.8
24.0
469.8
332.1
129.0
1S1.9
51.l
40.0
97.7
9.6
0.4
8.0
44.l
12.0
23.6
487.7
339.8
99.4
176.9
63.S
43.7
104.2
11.9
o.1
10.4
51.7
13.3
16.8
492.7
328.4
67.6
202.l
58.7
41.0
123.3
15.9
0.1
14.2
57.3
16.8
19.1
544.2
356.0
85.l
215.7
55.2
42.0
146.3
7.3
0.1
14.S
72.3
18.5
33.6
Total assets
9
Pvt. domestic nonfinancial
JO
Households
11
Business
12
State & local governments 13
Foreign
14
Financial sectors
15
Savin9 and loan assns.
16
Mutual savin9s banks
17
Credit unions
18
Private pension funds
19
St.&local 9ovt.rtr.funds 20
Money market funds
21
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
l
2
3
4
5
6
7
8
DECEMBER 1988
Deposit Claims, Continu•d
Di!POS1t Claims, Continued
109
Monetary Claims On Financial Institutions
YEAR END OUTSTANDINGS, 1970-81
VEAR ENO OUTSTANDINGS, 1970-81
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
3.9
3.4
0.2
0.2
0. l
10.8
9.4
0.6
0.4
0.4
45.2
40.0
3.0
1.0
1.2
76.4
64.9
7.0
1.9
2.6
186.2
155.6
18.4
S.6
6.6
1
2
3
4
5
1
2
3
4
s
6
7
Monl!Y Mark1tt Mutual Fund Sharits
I Total 8SSl!ts
2
HOUSi!hOlds
3
Nonfin. corp. busin•ss
4
Lifl! insuranc• cos.
5
Privet• Pl!nsion funds
2.4
2.4
3.7
3.7
3.7
3.7
F1tderal Funds and S1tcuritY R1tpurchas1t Agr1t1tments
1 Total Uabil1t1u
2
Commercial banking (net>
3
Domutic banks
4
Fordgn banking offic•s
s Savings and loan assns.
6
Mutual savings banks
7
Brok1trs & d1tal1trs Cn1tt>
4.7
4.7
4.7
8 Total ass1tts
9
Nonfinanc1al corporations
10
Stat• and local gov1trn•ents
11
For1t1gn
12
Financial S1tctors
13
Monetary authority
14
Sponsored credit agencies
15
16
17
18
19
1.6
0.2
20 Discrepanci,--unallocated assets
4.1
1.1
11.3
10.8
10.8
27.9
27.1
27.1
31.2
28.5
28.5
33.4
29.9
29.9
49.5
43.8
43.8
57.2
54.4
54.4
81.1
76.9
76.9
98.6
94.3
94.3
122.8
114.8
114.8
152.5
129.6
129.6
0.3
0.1
0.3
o.s
1.8
o.9
1.9
0.6
1.0
1.8
0.4
3.4
3.8
o.7
-1.7
5.9
1.7
-3.4
6.4
3.7
-S.8
8.S
4.S
-s.o
11.3
7.5
4.1
S.3
2.7
18. 6
11.3
15.6
S.5
0.5
9.5
1.4
2. 1
14.7
4.7
1.0
0.5
8.6
1.7
1.8
23.1
7.0
2. l
0.4
13.6
4.8
27.5
8.3
3.8
0.3
15.2
3.3
2.2
41.9
16.2
6.3
2.4
16.9
1.8
3.6
56.8
18.8
10.3
4.1
23.6
2.4
4.2
73.6
28.4
10.6
4.4
30.2
3.3
6.0
104.0
33.4
15.8
4.4
S0.4
3.7
9.5
3.8
1.1
5.0
LS
7.3
2.1
9.0
2.1
11.5
3.1
10.8
3.7
0.7
15.0
5.2
2.4
0.1
14.5
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
9
11
1.0
3.0
1.5
0.4
2.6
o.1
0.8
0.4
0.5
0.7
0.9
0.8
2.2
l.S
4.8
1.2
o.1
0.1
0.1
0.3
0.3
2.4
5.6
3.0
4.6
6.11
9.3
15.6
18.7
26.4
29.6
39.2
41.7
49.2
48.S 20
17.1
16.7
0.5
26.9
21.8
5, 1
31.4
24.6
6.8
41.8
23.0
18.8
-·--------·1 Total, held by:
2
Nonfinan. corporat• business
3
Honey •arket funds
8
10
0.5
6.8
0. 1
3.0
1.4
Savings and loan assns.
Mutual savings banks
Credit unions
Other insurance companies
Honey mark1tt funds
8.7
8.7
8.7
0.8
0.8
2.1
12
13
1.4
15
16
17
18
19
U.S. Deposits in For1tign Countries
1.2
1.2
2.2
2.2
3.3
3.3
4.9
4.9
S.8
S.8
7.4
7 .4
8.8
8.7
1
2
3
DECEMBER 1988
Deposit Claims, Continued
Deposit Claims, Continued
110
Monetary Claims On Financial Institutions
YEAR END OUTSTANDIMGS, 1982-87
YEAR END OUTSTANDINGS, 1982-87
1984
1986
1987
1983
1982
-------------·
-1985
----------------------------------------Money Market Mutual Fund Shares
l
2
3
4
5
219.8
189.4
19. 0
6. 7
4.7
179.4
158.4
11.2
4.8
5.1
233.6
202.4
16.1
7.0
8.1
243.8
214.5
12.8
7.4
9.1
292.1
248.7
20.1
10.0
13.2
316.1
277.6
19.4
7,2
11.9
Total assets
Households
Nonfin. corp. business
Life insurance cos.
Private pension funds
2
3
4
5
--------------------------------------------------Federal Funds and Security Repurchase A9reements
237.6
155.2
152.0
3.2
46. l
5.3
31.0
267.4
186.4
178.8
7.6
44.3
6.8
29,8
319.6
205.6
189.6
16. l
58.4
12.4
43.1
318. l
216.6
202.2
14.4
84.7
22.8
-6.0
Total l1ab1lit1es
Commercial bankin9 (net)
Domestic banks
Forei9n bankin9 officits
Savin9s and loan assns.
Mutual savin9s banks
Brokers & dealers C net)
197.7
48.8
285.9
70.5
53.6
10.7
151.l
16.0
33.l
292.5
76.3
64.6
12,9
138.6
1.3
Total assets
Nonfinancial corporations
State and local 9overnments
Forei9n
Financial Sectors
Monetary authority
Sponsored credit a9encies
7
28.9
196.4
153.6
150.l
3.5
24.0
4.8
14.0
8
9
10
11
12
13
14
141.0
42, 1
23. l
6.0
69.8
5.8
14. 9
156.8
48.4
30.4
6.5
71.6
2.0
12.6
102.4
2.0
20.9
237.0
58.3
45.0
7.3
126.3
5.2
28.2
15
16
17
18
19
20.4
5.3
3.2
4.1
16.2
21.3
4.7
4.3
13.7
13.0
28.1
6.0
4.6
17.9
22.8
28.6
6.3
8.4
23.6
26. l
28.4
6.3
10.9
24,2
32.2
27.3
20
43.5
39.5
40.0
30.3
33.7
25.6
2
184.5
138.8
138.8
5
6
10.1
l
3
4
6.7
39.9
6.6
30.9
4.4
9.2
26,2
39. 3
Savin9s and loan assns.
Mutual savings banks
Credit unions
Other insurancit companiits
Honey market funds
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
Discr1tpancy-unallocat1td assets 20
U.S. Deposits in Foreign Countries
l
2
3
46.3
22.6
23.8
47.6
25.7
21.9
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
41.8
20.6
21.2
37.5
18.5
19.0
46.6
24.5
22.2
43.2
21.6
21.6
Total, hitld by:
Nonfinan. corporate business
Money ■arket funds
1
2
3
DECEMBER 1988
u.s. Government Securities
U.S. Government Securities
111
U.S. Government Securit1 es
Harket
Summary
VEAR END OUTSTAND INGS, 1970-81
VEAR END OUTSTANDING$, 1970-81
1970
1971
1972
1973
1974
1975
1976
----------
1977
1978
1979
1980
1981
Total Outstanding, by Sector and Type
1 Total U.S. government secur.
U.S. government
2
$pons. agenci·es & mtg. pools
3
343.0
299.3
43.6
373.8
324.3
425.7
347.8
77.9
457.6
359.7
97.9
552.5
445.2
107.3
636.7
514.8
121.9
716.7
571.7
145.0
807.l
625.4
181.7
893.2
662.9
230.3
1016.1
49.5
397.4
339.5
57.9
742.2
1149.l
829.7
1
2
3
BY instrument:
Treasury issues
Household savings bonds
Treas. excl. savings bonds
291.2
52.1
239.2
317.3
54.4
262.8
331.5
57.7
273.9
339.4
60.4
279.1
351.5
63.3
288.l
437.3
67.4
369.9
506.4
72.0
434.4
564.l
76.8
487.3
619.2
80.7
538.5
658.0
79.9
578.1
737.8
72.5
665.2
825.6
68.2
757.4
4
5
Other
Budget agency issues
Loan participations Cl)
Spons. agency issues 12)
Mortgage pool secur. (2)
51.7
1.9
6.2
38.9
56.6
2.7
4.3
40.0
86.2
5.3
3.1
59.8
18.0
106.l
5.4
2.8
76.4
21.5
115.2
5.1
2.7
78.8
28.5
130.3
5.7
2.7
81.2
40.7
152.6
5.l
2.4
88.2
56.8
187.9
4.1
2.1
111.3
70.4
235.2
3.0
2.0
135.5
94.8
278.3
9.5
65.9
4.5
3.4
43.5
14.4
1.8
159.9
114.0
323.5 7
2.4 8
1.7 9
190.4 10
129.0 11
343.0
373.8
397.4
425.7
457.6
552.5
636.7
716.7
807.1
893.2
1016.1
1149.l
3.2
3.l
0.2
2.1
2.5
0.2
1.5
1.2
0.2
1.5
1.1
o.3
1.9
1.4
0.4
3.4
2,9
0.4
4.8
4.4
0.5
1.0
1.0
0.1
1.6
1.4
0.2
1.8
1.2
0.6
2.5
1.7
0.8
2.9
1.9
1.0
Monetary authority
Treasury issues
Agency issues
62.l
62.l
69.5
69.0
0.5
71.1
69.8
1.3
80.4
78.5
1.9
84.8
80.l
4.7
92.8
86.7
6.l
100.1
93.3
6.8
108.9
100.9
8.0
117.4
109.5
7.9
124.5
116.3
8.2
128.0
119.• 3
8.7
136.9
127.7
9.l
10
11
Foreign
Treasury issues
Agency issues
22.7
19.7
3.0
49.3
46.3
3.1
57.7
54.5
3.2
57.6
54.3
3.2
61.l
58.3
2.8
68.2
80.9
77.6
3.3
114.3
108.4
6.0
141.4
134.l
1.2
124.4
116.6
7.8
139. 3
129.0
10.3
148.8 ,9
136.9 10
11.9 11
12
13
14
Total private do111est1c
Treasury issues
Agency issues
254.8
206.3
267.1
206.0
61.l
286.2
205.5
80.7
309.9
211.7
98.2
388.l
282.l
106.0
450.9
48.5
252.3
199.5
52.8
331.2
119.8
492.3
353.8
138.5
546.7
374.2
172.6
642.4
423.8
218.6
746.2
487.8
258.4
860.5 12
559.0 13
301.5 14
137.2
114.3
52.l
62.2
22.8
127.3
108.4
54.4
53.9
19.0
128.6
112.l
57.7
54.4
16.6
145.8
122.3
60.4
61.9
23.5
163.l
130.4
63.3
67.0
32.7
189.6
159.9
67.4
92.5
29.7
202.0
167.8
72.0
95.7
34.3
225.6
188.6
76.8
111.8
37.0
264.9
215.2
80.7
134.5
49.7
334.0
18
19
nonfinan.
Total Tr,asury issues
Savings bonds IHHl
Other Treasury issues
Agency issues
362.3
284.l
72.5
211.6
78.2
392.5
315.l
68.2
246.9
77.4
15
16
17
18
19
20
21
22
23
24
Households
Total Treasury issues
Savings bonds
Other Treas. issues
Agency issues
102.1
84.2
52.l
32.l
17.9
90.6
76.6
54.4
22.l
14.0
87.9
78.l
57.7
20.5
9.8
101.8
91.2
60.4
30.9
10.5
115.6
101.0
63.3
37.7
14.6
131.7
121.6
67.4
54.3
10.l
134.6
125.0
72.0
52.9
175.2
159.9
80.7
79.2
15.4
238.l
202.8
79.9
9.6
149.0
140.3
76.8
63.6
8.7
259.l
218.9
72.5
146.4
40.2
294.l
249.4
68.2
181.2
44.8
20
21
22
23
24
25
Nonfarm noncorp. bus.
c.7
0.9
1.1
1.2
1.2
1.3
1.5
2.4
3.2
2.8
2.6
3.3 25
26
27
28
Nonfinan. corp. business
Treasury issues
Agency issues
7.5
6.3
1.2
10.0
9.1
7.9
0.9
1.0
6.9
4.5
2.5
2.0
5.6
2.6
3.0
14.3
12.1
2.2
16.4
14.3
2.2
10.0
8.2
l.8
11.5
9.0
2.5
13.l
11.9
l.3
18.7
17.0
1.7
20.2 26
18.5 27
1.8 28
29
30
31
State&local governments
Treasury issues
Agency iSSUl!S
26.9
23.2
3.7
25.9
21.8
4.0
31.7
26.0
5.8
38.3
27.4
10.9
40.6
25.5
15.l
42.3
24.8
17.5
49.5
27.0
22.5
64.l
37.6
26.5
74.9
43.l
31.8
80.0
45.0
35.0
81.9
45.7
36.2
74,8 29
43.9 30
30.9 31
76.4
62.5
13.9
83.6
65.6
17.9
90.0
68.l
22.0
88.8
59 .2
29.6
89.5
56.3
33.2
121.0
86.4
34.6
141.7
105.7
36.0
141.9
105.0
36.8
141.l
97.2
43.8
150.2
99.0
51.2
176.0
115.l
60.9
187.7 32
117.o 33
70.7 34
75.7
82.9
88.7
87.3
88.0
0.5
0.3
o.3
0.8
1.1
0.3
118,l
1.5
0.9
0.4
137.7
2.l
1.5
0.5
136.4
3.3
1.4
o.7
136.5
2.l
1.9
168.5
3.9
2.9
0.8
179.9
3.8
3.5
0.5
4
5
6
7
8
9
10
11
1 Total holdings, by sector
2
u.s. govt. I agency issues l
3
Sponsored credit agencies
4
Treasury issues
Agency issues
5
6
7
8
9
15
16
17
32
33
34
Private domtstic
Commtrcial banking
Treasury issues
Agency iSSUl!S
U.S. commercial banks
Domestic affiliates
Foreign banking offices
Banks in u. S.possessions
4.8
----------
273.9
2.6
319.4
6
Total Holdings, by Sector and Type
65.5
2.7
262.5
79.9
182.6
71.5
122.9
35.3
1
2
3
4
5
6
7
8
0.6
o.9
0.6
0.6
143.5
3.7
2.4
o.7
39
40
41
Private nonbank finance
Treasury issues
Agency iSSUl!S
41.2
29.5
11.7
41.4
25.5
15.9
48.4
25.9
22.6
51.7
24.0
27.7
57.3
25.l
32.3
77.6
35.9
41.7
107.2
57.8
49.4
124.9
60.2
64.7
140.8
61.7
79.0
158.2
62.3
95.9
207.9
88.5
119.4
280.4 39
127.o 40
153.4 41
42
43
Savings & loan assns.
Treasury issues
Agency issues
11.0
6.8
4.l
13.5
6.3
7.2
15.0
5.4
9.6
15.4
3.4
11.9
14.9
1.8
13.l
19.6
2.4
17.2
25.2
7.3
17.9
29.l
6.3
22.8
33.6
6.3
27.4
34.6
3.4
31.2
48.4
9.0
39.3
50.7 42
4.8 43
45.9 44
45
46
Mutual savings banks
Treasury issues
Agency issues
5.4
3.2
2.2
6.3
3.3
3.0
1.1
3.5
4.2
7.2
3.0
4.2
7.o
2.6
10.9
4.7
6.l
14.9
5.8
9.1
17.6
5.9
11.7
18.3
5.0
13.4
19.5
4.8
14.7
22.8
4.4
5.6
17.2
23.7 45
5.4 46
18.4 47
48
49
Crtdit unions
Treasury issues
Ag incy issues
1.4
0.6
0.8
1.6
0.6
1.0
2.1
0.5
1.6
2.6
0.8
1.8
3.0
0.8
2.1
4.l
1.2
2.9
4.7
1.3
3.4
5.2
1.4
3.8
4.4
0.7
3.6
3.3
0.6
2.7
4.3
0.9
3.3
4.6 48
1.0 49
3.6 50
51
52
Life insurance cos.
Treasury issues
Agency issues
4.6
4.0
0.5
4.5
3.8
0.6
4.6
3.8
0.7
4.3
3.4
0.9
4.4
3.4
l.l
6.2
4.7
1.4
1.1
53
5.4
2.3
9.3
5.3
4.0
11.4
4.8
14.3
4.9
9.4
17.0
5.8
11.l
22.5 51
8.2 52
14.3 53
54
55
56
Private ptnsion funds
Treasury issues
Agency issues
3.0
2.1
2.7
2.1
0.6
8.6
12.9
8.6
17.9
12.4
5.5
24.2
18.1
6.1
29.8
21.3
8.5
31.9
0.9
23.2
8.7
38.6
26.0
12.6
50.6
32.2
18.3
66.9 54
37.2 55
29.7 56
57
58
59
St.&local govt.rtr.funds
Treasury issues
Agency issues
5.1
1.5
6.6
5.4
3.9
1.5
60
Other insurance cos.
Treasury issues
Agency issues
5.0
3.4
1.6
63
64
Mutual funds
Treasury issues
Agency issues
0.9
0.9
66
67
Honey market funds
Treasury issues
Agl!nCY i SSUl!S
69
Brokers & dealers
CHO Issuers (agencies)
35
36
37
38
44
47
50
61
62
65
68
70
3.4
0.4
5.5
3.4
2.1
5.4
3.2
2.1
5.7
3.6
5.8
2.5
3.3
6.2
l.6
4.6
7.8
2.5
5.3
10.9
4.1
6.8
16.3
6.8
9.6
23.4
9.5
14.o
30.l
14.7
15.4
40.0
20.9
19.l
51.8 57
27.6 58
24.3 59
5.1
3.2
1.9
5.2
2.9
2.3
5.1
2.8
2.3
5.5
2.9
8.0
4.7
3.3
11.2
7.3
3.9
14.l
9.8
4.4
15.3
10.5
4.9
16.6
10.7
6.0
18.4
2.7
20.5 60
13.5 61
7.0 62
0.6
0.6
0.1
o.7
o.7
0.7
1.1
1.1
1.1
1.1
1.1
1.1
1.8
1.8
1.6
1.6
1.5
1.5
l.9
1.9
2.8 63
2.8 64
65
0.1
0.l
0.9
0.9
1.1
1.1
0.9
0.9
1.5
o.9
0.6
5.6
1.6
4.0
8.2
3.5
4.8
31.9 66
21.5 67
10.4 68
2.3
1.2
6.2
0.8
-.6
-5.9
-3.6
5.0 69
70
1.8
2.0
2.0
4.3
Ill For holdings, loan participations are included with agency issues.
(2) These issues art included in credit market debt of financial
institutions in the Flow of Funds Accounts.
FRASER
Digitized for
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
6.5
35
36
37
38
12.2
6.2
-
DECEMBER 1988
U.S. Government Securit1 es
u.s. Government Securities
112
u.s. Government Securities Market Summary
VEAR END OUTSTANDINGS, 1982-87
1982
1984
1983
VEAR END OUTSTANDINGS, 1982-87
1985
1986
1987
Total Outstandin9, by Sector and Type
l
2
3
1375.0
991.l
383.9
1629.4
1177.7
451.7
1902.8
1376.6
526.2
2227.0
1600.3
626.7
2620.0
1815.4
804.6
2980.7
1959.2
1021.5
Total U.S. 9overnment secur.
U.S. government
Spons. a9encies 8 11t9. pools
1
2
3
4
5
6
987.7
68.3
919.4
1174.4
71.5
1102.9
1373.4
74.5
1298.9
1597.l
79.8
1517.3
1811.7
93.3
1718.4
1954.l
101.l
1853.0
BY instrument:
Treasury issues
Household savings bonds
Treas. excl. savinss bonds
4
5
6
1
387.2
2.2
1.2
205.4
178.5
455.0
2.1
1.2
206.8
244.9
529.4
2.1
1.2
237.2
289.0
629.9
2.0
1.2
257.8
368.9
808.2
2.4
1.2
273.0
531.6
1026.7
4.3
0.9
303.2
718.3
1
2
3
4
5
1375.0
1629.4
1902.8
2227.0
2620.0
2980.7
4.3
3.4
0.9
3.1
2.6
0.5
4.7
3.9
0.7
5.9
5.1
0.8
10.5
10.3
0.2
13-.3
13.2
0.1
6
7
8
144.5
135.6
8.9
159.2
150.6
8.6
167.6
159.2
8.4
186.0
177.8
8.2
205.5
197.6
7.8
230.l
222.6
7.6
Monetary authority
Treasury issues
A9ency issues
9
10
11
161.l
149.7
11.4
176.8
165.4
11.4
205.6
193.l
12.5
229.9
212.7
17.2
275.3
250.9
24.4
316.0
286.6
29.4
Foreign
Treasury issues
Agency issues
9
10
11
12
13
14
1064.9
699.0
366.0
1290.4
855.9
434.5
1524.9
1017.l
507.8
1805.2
1201.5
603.7
2128.7
1352.9
775.8
2421.3
1431.7
989.6
Total private domestic
Treasury issues
Agency issues
12
13
14
15
16
17
18
19
457.6
376.7
68.3
308.3
80.9
548.6
468.4
71.5
396.9
80.2
663.6
553.2
74.5
478.7
110.4
830.7
677.4
79.8
597.7
153.3
881.2
717.o
93.3
623.7
164.2
1014.7
780.7
101.l
679.6
234.0
Private domestic "onfinan.
Total Treasury issues
Savings bonds CHHl
Other Treasury issues
Agency issues
15
16
17
18
20
21
22
23
24
342.5
296.l
68.3
227.7
46.4
393.8
358.2
71.5
286.7
35.6
480.7
426.8
74.5
352.3
53.9
551.9
470.4
79.8
390.7
81.5
545.5
465.7
93.3
372.4
79.8
663.7
5n.3
101.l
422.2
140.4
Households
Total Treasury issues
Savin9s bonds
Other Treas. issues
A9ency issues
20
21
22
23
24
Nonfar111 noncorp. bus.
25
8
9
10
11
------------------
1
Other
Budget agency issues
Loan participations Cl)
Spons. agency 1 ssues C2)
Hort9age pool secur. C2l
8
9
10
11
Total holdings, by sector
U.S. govt. (a9ency issues)
Sponsored credit agencies
Treasury issues
Agency issues
l
2
3
4
5
Total Holdings, by Sector and Type
6
7
8
19
25
3.2
6.0
5.5
5.8
6.4
7.0
26
27
28
30.5
28.7
1.8
40.5
38.7
1.8
52.7
51.0
1.7
59.0
57.4
1.6
78.5
77.o
1.5
82.0
80.7
1.3
29
30
31
81.3
48.7
32.6
108.2
65.5
42.8
124.8
70.0
54.9
214.0
143.8
70.2
250.8
167.9
83.0
262.l
169.7
92.3
32
33
34
214.6
136.3
78.2
263.l
184.2
79.0
263.7
186.0
77.7
273.5
198.2
75.3
316.8
203.5
113.3
343.6
201.2
142.5
35
36
37
38
206.8
2.7
4.3
0.8
251.0
4.3
6.0
1.9
252.3
4.8
5.4
1.3
256.9
9.5
5.9
1.3
299.2
6.7
9.5
1.4
324.1
8.0
10.3
1.2
39
40
41
392.8
185.9
206.9
478.6
203.3
275.3
597.5
277.9
319.7
701.0
325.9
375.1
930.7
432.5
498.3
1062.9
449.8
613.1
Private nonbank finance
Treasury issues
Agency 1 ssues
39
40
41
42
43
44
85.2
10.8
74.4
125.4
21.l
104.2
146.1
24.9
121.l
137.0
12.0
125.0
178.1
12.0
166.1
222.4
21.2
201.3
Savings 8 loan assns.
Treasury issues
A9ency issues
42
43
44
45
46
47
23.8
6.0
17.8
33.6
9.9
23.7
33.8
9.6
24.2
32.6
9.0
23.6
39.4
9. 7
29.7
46.2
10.5
35.7
Mutual savin9s banks
Treasury issues
Agency issues
45
46
47
48
49
50
5.8
1.3
4.5
8.9
2.7
6.3
9.3
3.4
5.9
13.0
6.0
7.0
16.7
7 .9
8.8
20.0
11.2
8.8
Credit unions
Treasury issues
Asency issues
48
49
50
51
52
53
35.2
16.5
18.6
54.5
28.6
25.9
78.l
41.2
36.9
101.1
51.7
49.4
119.0
59.0
60.0
124.l
57.1
67.o
Life insurance cos.
Treasury issues
A9ency iSSUts
51
52
53
54
55
56
77.2
41.l
36.l
89.2
41.5
47.7
96.4
53.l
43.4
104.5
52.3
52.3
111.4
61.l
50.3
122.1
66.6
55.5
Private pension funds
Treasury issues
A9ency issues
54
55
56
57
58
59
71.2
36.9
34.3
88.2
48.9
39.3
111.2
67.9
43.3
123.5
82.9
40.6
144.2
95.0
49.2
168.7
112.9
55.9
St.&local govt.rtr.funds 57
Treasury issues
58
Agency iSSUts
59
60
61
62
22.6
14.1
8.5
28.1
17.4
10.7
37.2
23.3
13.9
49.0
26.8
22.2
64.8
44.6
20.3
71.8
47.8
24.0
63
64
65
5.1
5.1
5.7
5.7
12.0
11.5
0.5
64.9
52.9
12.0
124.2
89.3
34.9
66
67
68
54.6
42.6
12.o
36.2
22.8
13.4
42.4
25.4
17.0
42.7
24.6
18.1
69
11.5
0.6
4.7
4.2
17.5
13.5
25.0
1.1
70
https://fraser.stlouisfed.org
BILLIONS OF DOLLARS
Federal Reserve Bank of St. Louis
Nonfinan. corp. business 26
Treasury issues
27
A9ency issues
28
State&local 9overnments
Treasury issues
A9ency issues
Commercial bankin9
Treasury issues
A9ency issues
U.S. commercial banks
Domestic affiliates
Foreign banking offices
Banks in U.S.possessions
29
30
31
32
33
34
35
36
37
38
Other insurance cos.
Treasury issues
A9ency issues
60
61
62
134.1
99.2
34.9
Mutual funds
Treasury issues
Agency issues
63
64
65
43.2
28.0
15.1
41.3
14.3
27.0
Honey market funds
Treasury issues
A9ency issues
66
67
68
25.9
64.0
9.1
103.l
Brokers & dealers
CHO Issuers <agencies>
69
70
Cll For holdings, loan participations are included with agency issues.
(21 These issues are included in credit market debt of financial
institutions in the Flow of Funds Accounts.
DECEMBER 1988
Private Securities
113
Private Secur1ties
Tax-Exempt Debt and Corporate and Forei9n Securities
VEAR END OUTSTANDINGS, 1970-81
YEAR END OUTSTANDINGS, 1970-81
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
Tax-Exempt Securities and Loans Cl)
l Total liabilities
State and local 9overnments
2
Short-term
3
4
Other
161.8
161.7
15.7
146.0
176.5
175.9
15.8
160.l
191.2
188.4
16.1
172.3
207.7
202.3
18.8
183.5
223.8
214.5
18.6
195.9
239.5
225.6
14.5
211.2
261.4
235.9
11.6
224.3
289.7
254.0
12.2
241.8
320.1
271.4
13. l
258.3
350.3
287.7
14.9
272.9
373.7
293.3
16.0
277.3
1
2
3
4
0.1
o.6
0.4
2.4
1.3
4.l
2.7
6.7
4.7
9.2
8.1
17.4
10.7
25.0
13.6
35.0
16.7
45.9
21.1
59.3
5
6
144.4
46.0
2.2
2.4
161.8
46.l
3.2
2.1
176 .5
48.4
1.8
191.2
53.7
4.0
2.l
207.7
61.9
4.7
2.6
223.8
68 .1
4.5
5.0
239.5
69.3
3.4
7.3
261.4
67.6
3.5
7.9
289.7
70.2
3.7
7.2
320.l
80.6
3.7
6.8
350.3
86.9
3.5
7.0
373.7 7
98.0 8
3.5 9
7.1 10
13
14
15
Commercial bankin9
Savin9s & loan associations
Mutual savin9s banks
Honey market funds
Mutual funds
70.2
0.1
0.2
82.8
0.2
0.4
90.0
0.2
o.9
95.7
0.2
0.9
101.1
0.5
0.9
102.9
1.5
1.5
106.0
1.2
2.4
115.2
1.2
2.8
126.2
1.3
3.3
135.6
1.2
2.9
0.5
2.2
2.7
4.0
149.2
1.2
2.4
1.9
4.4
154.2
1. 3
2.3
4.2
5.1
11
12
13
14
15
16
17
18
19
Life insurance companies
St. & local 9ovt. rtr. funds
Other insurance companies
Brokers and dealers
3.3
2.0
17.0
3.4
2.2
20.5
1.0
3.4
2.0
24.8
0.9
6. l
3.5
49.4
2.1
6.4
4.0
62.9
1.9
6.4
3.9
72.8
2.2
6.7
4.1
80.5
2.5
7.2
3.9
83.9
3.0
16
17
18
19
l
2
3
5
6
Households & nonprof. or9s.
Nonfin. corporate business
C1ndustrial revenue bonds>
7 Total assets
Households
8
Nonfin. corporate business
10
St. & local 9ovt. 9en. funds
9
11
12
144.4
144.4
13. 3
131.l
0.9
4.2
3.4
1.7
28.5
1.1
3.7
1.0
30.7
o.7
4.5
1.9
33.3
0.6
5.6
3.4
38.7
1.7
Cl> Includes small amounts of taxable issues since 1986.
Corporate and Forei9n Bonds
l Total liabilities
2
Nonf1n. corporate business
Forei9n
3
4
Co111111ercial bankin9
5
Savin9s & loan associations
6
Finance companies
7
REITs
CHO Issuers
8
9
10
11
Total assets
Households
Forei9n
201.8
166.8
14.1
3.2
226.5
185.6
15.0
5.2
246.7
197.8
16.0
8.3
261.3
206.9
17.0
9.2
286.4
226.6
19.4
10.4
17.2
0.6
19.7
1.0
23.3
1.4
�6.2
l.9
201.8
35.6
2.7
226.5
46.0
3.0
246.7
49.5
3.1
5.2
28.0
2.1
327.7
253.8
26.5
14.5
0. 1
30.7
2.1
365.6
276.6
35.l
18.0
0.l
33.8
1.9
405.4
299.5
40.l
21.l
1.3
41.6
1.8
438.4
320.6
44.1
22.1
2.0
48.0
1.6
464.9
337.9
47.8
21.9
3.4
52.3
1.6
495.3
365.6
49.0
23.2
3.7
52.4
l.4
528.0
388.3
54.5
25.2
3.2
56.0
o.7
261.3
51.2
3.1
286.4
58.8
4.0
327.7
67.1
4.6
365.6
78.3
5.5
405.4
. 79.4
9.3
438.4
75.5
11.2
464.9
72.3
13.8
495.3
59.3
22.0
528.0 9
55.9 10
30.4 11
5.6
6.6
8.4
7.8
7.7
7.4
7.1
7.7
7.7 12
o.7 13
20.3 14
13
Commercial bankin9
Savin9s & loan associations
Mutual savin9s banks
3.0
3.9
14
8.1
12.0
14.2
13.1
14.o
17.5
20.3
21.5
21.6
20.5
21.2
15
16
17
18
19
Insurance
Life insurance companies
Private pension funds
St.&loc. 9ovt. rtr. funds
Other insurance companies
147.2
74.1
29.4
35.l
8.6
156. l
79.6
28.6
39.0
8.9
168.6
86.6
30.6
43.2
8.1
181.6
92.5
32.7
48.4
8.0
196.4
96.4
35.0
54.9
10.0
221.4
105.5
41.9
61.8
12.2
245.7
122 .4
40.2
66.9
16.l
278.4
141.2
44.6
72.9
19.8
314.9
158.5
53.0
81.9
21.6
342.3
170.1
63.7
85.0
23.6
374.6
178 .8
77.7
94.5
23.6
20
21
Mutual funds
Brokers and dealers
3.5
l.7
3.7
1.8
4.2
2.0
4.3
2.4
4.9
1.8
5.6
3.0
6.0
2.1
7.0
2.2
6.4
1.5
7.2
1.6
8.5
2.0
12
399.5
186.l
83.3
103.8
26.3
4
5
6
7
8
15
16
17
18
19
10.l 20
3.4 21
Mutual Funds and Other Corporate Equities
1 Total at 111arket value
Mutual funds
2
Other sectors
3
4
'
5
7
8
9
10
11
12
13
14
15
Market value of holdin9s
Mutual fund shares
Households
Nonf1n. corp. business
Life insurance companies
Private pension funds
Other corporate equities
Households
Forei9n
Cou,ercial bank1n9
Mutual savin9s banks
17
18
19
Insurance
Life insurance co111pan1es
Private pension funds
St.&loc. 9ovt. rtr. fnds
Other insurance cos.
20
21
Mutual funds
Brokers and dealers
16
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
906.2
46.8
859.4
1059.2
55.4
1003.7
1197.1
58.9
1138.1
948.1
46.6
901.4
676.9
35.2
641.7
892.5
43.0
849.5
1052.0
46.5
1005.5
995.5
45.5
950.0
1028.6
46.0
982.5
1231.3
51.8
1179.5
1634.1
61.8
1572.3
1564.7
59.8
1504.9
1
2
3
906.2
1059.2
1197.l
948.l
676.9
892.5
1052.o
9�5.5
1028.6
1231.3
1634.1
1564.7
4
46.8
44.5
0.6
0.8
0.8
55.4
53.0
0.7
0.6
1.2
58.9
56.4
0.7
0.3
1.5
46.6
43.7
0.8
0.5
1.7
35.2
31.8
0.8
0.6
1.9
43.0
38. 7
0.9
0.6
2.8
46.5
41.4
1.0
0.6
3.5
45.5
40.4
0.8
0.6
3.7
46.0
41.1
0.6
0.6
3.7
51.8
44.8
1.1
0.9
5.1
61.8
52.1
1.5
1.1
7.1
59.8
52.6
1.6
1.5
4.1
5
6
7
8
9
859.4
682.7
27.2
O. l
2.8
1003.7
778.0
30.8
0.1
3.5
1138.1
862.0
39.l
0.1
4.5
901.4
663.6
33.5
4.2
641.7
459.9
24.2
0.2
3.7
849.5
598.6
35.3
0.2
4.4
1005.5
712.9
42.9
0.2
4.4
950.0
668.5
39.8
0.2
4.8
982.5
663.9
42.1
0.l
4.8
1179.5
812.2
48.3
0.l
4.7
1572.3
1111.3
64.6
0.1
4.2
1504.9
1051.4
64.4
0.1
3.2
10
11
12
13
14
105.0
14.6
67.1
10.1
13.2
140.7
20.0
88.7
15.4
16.6
178. 3
26.5
107.8
22.2
21.8
158.9
25.4
93.6
20.2
19.7
125.2
21.3
74.8
16.4
12.8
174.0
27.5
108.0
24.3
14.2
206.2
33.7
125.5
30.1
16.9
203.0
32.3
123.6
30.0
17.l
238.l
35.l
150.3
33.3
19.4
276.2
38.9
175.4
37.1
24.8
346.3
46.3
223.5
44.3
32.3
344.8
46.2
218.5
47.8
32.4
15
16
17
18
19
59.7
2.0
48.6
2.1
51.7
2.4
38.3
2.8
26.3
2.2
S3.7
3.4
37.3
1.5
31.9
1.8
lH.7
1.9
35.4
42.4
3.3
o.�
2.,
37.4 20
3.5 21
DECEMBER 1988
Private Securities
Private Secur1 ties
114
Tax-Exempt Debt and Corporate and Forei9n Securities
VEAR END OUTSTAHDINGS, 1982-87
VEAR END OUTSTAHDIHGS, 1982-87
1982
1984
1983
1985
1986
1987
Tax-Exempt Secur1ties and Loans Cl)
1
2
3
4
417.9
313.9
22.7
291.1
471.7
346.8
21.3
325.5
522.1
366.5
17.6
348.9
658.4
450.l
18.9
431.2
689.2
493.0
23.l
469.9
723. 7
529.3
29.3
500.0
Total liabilities
State and local 9overnments
Short-term
Other
5
29.6
74.5
41.0
83.9
51.2
104.4
81.3
127.o
79.1
117.1
78.2
116.2
Households & nonprof. or9s.
Nonf1n. corporate business
(industrial revenue bonds)
7
417.9
120.2
3.5
7.4
471.7
157.8
4.2
8.0
522.1
183.2
4.l
9.0
658.4
223.2
4.9
7.8
689.2
206.8
8.0
7.6
723. 7
249.8
10.5
8.0
11
12
13
14
15
158.5
0.8
2.5
13.2
8.0
163.2
0.9
2.2
16.8
13.4
174.2
0.7
2.1
23.8
19.1
231.3
1.1
2.3
36.3
33.5
202.8
o.9
2.2
63.8
65.3
173.7
1.0
2.0
61.4
70.7
Commercial bankin9
Savin9s & loan associations
Mutual savin9s banks
Money market funds
Mutual funds
16
17
18
9.0
3.1
87.0
10.0
2.0
86.7
8.7
1.5
84.7
11.0
9.7
1.1
87.2
19.9
11.7
0.8
102.9
16.6
10.7
0.8
126.8
8.2
Life insurance co111panies
St. & local 9ovt. rtr. funds
Other insurance companies
Brokers and dealers
6
8
9
10
19
4.6
6.5
2
3
4
5
6
7
Total assets
8
Households
9
Nonfin. corporate business
St. & local 9ovt. 9en. funds 10
---------
11
12
13
14
15
16
17
18
19
( 1) Includes small amounts of taxable issues since 1986.
Corporate and Forei9n Bonds
1
2
3
566.4
407.0
61.l
31.2
3.4
62.4
o.7
0.6
603.0
423 .o
64.2
39.6
3.6
67.7
0.7
812.l
542.9
71.8
69.4
8.5
93.l
1.5
25.0
l007.4
664.2
74.8
75.0
12.0
115.6
1.8
64.0
1181.2
764. 1
81.6
4.2
686.0
469.2
68.0
52.5
4.9
77.2
0.8
13.5
9
10
11
566.4
53.5
41.0
603.0
45.4
45.5
686.0
44.5
60.4
812,l
47.6
97.l
l007.4
80.l
137.3
1181.2
85.3
157.6
12
13
14
8.8
2.8
19.0
13.5
8.2
21.9
17.8
15.6
20.4
23.7
18.3
18.0
47.3
20.3
16. l
71.3
37.6
14.5
Commercial bankin9
Savin9s & loan associations
Mutual savin9s banks
15
16
17
18
l!
425.3
202.3
89.9
107.3
25.8
447.6
219.l
100.3
106.6
21.6
497.2
242.8
110.5
118.l
25.7
564.6
280.6
121.0
129.0
33.9
636.l
321.4
128.3
139.8
742.0
388.3
157.4
141.7
54.6
Insurance
Life insurance companies
Private pension funds
St.&loc. 9ovt. rtr. funds
Other insurance companies
20
10.2
13.0
7.9
16.5
13.7
20.1
22.9
46.9
23.2
54.2
18.8
Mutual funds
Brokers and dealers
20
21
3
2
3
4
5
6
7
8
21
5.9
46.6
77 .o
16. l
137. l
2.1
103.1
Total liabilities
Nonfin. corporate business
Fore19n
Commercial bank1n9
Savin9s & loan associations
Finance companies
REITs
CHO Issuers
Total assets
Household,;
Forei9n
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
Mutual Funds and Ott-er Corporate Equ1t1�s
1
2
1
2
3
1797.8
76. 9
1720. 9
2134.0
112.1
2021. 9
2158.2
136.7
2021.5
2824.5
240.2
2584.3
3362.0
413.5
2948.5
3313.4
460, l
2853.2
Total at market value
Mutual funds
Other sectors
4
1797.8
2134.0
2158.2
2824.5
3362.0
3313.4
Market value of holdin9s
5
6
7
76. 9
66.7
3.1
2.8
4.2
112.1
98.0
4.5
2.7
7.0
136.7
117.7
7.2
3.0
8.8
240.2
203.0
12.5
19.1
413.5
356.8
15.7
14.5
26.5
460.l
409,l
11.5
13.3
26.2
1720. 9
1173.4
76.3
o.1
3.3
2021.9
1323.2
96.lt
0.1
4.3
2021.5
1323.1
94.5
2584.3
1685.3
123.7
0.1
5.2
2948.5
1850.6
166.7
o.1
7.0
2853.2
1697.8
173.4
413.5
52.9
261.9
60.2
38.5
513.6
62.2
313.6
510.2
60.3
308.7
44.7
745.3
76.4
456.4
150.2
62.3
782.7
83.2
460.6
172.6
Insurance
Life insurance co•panies
Private pension funds
St.&loc. govt. rtr. fnds
Other insurance cos.
15
16
17
48. l
64.:.2
71.9
393.3
120.1
57.0
49.4
74.4
10.0
80.6
8.9
lU.7
�It.1
161.2
17,7
181.7
10.7
Mutual funds
Brokers and dealers
20
21
8
9
10
11
12
u
14
15
16
17
18
19
20
21
4.9
89.6
4.1
BILLIONS OF. DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
96.5
5.6
7.0
66.3
Mutual fund shares
Households
Nonfin. corp. business
Life insurance companies
Private pension funds
Other corporate equities
Households
Foreign
co-ercial banking
Mutual savings banks
4
5
6
7
8
9
10
11
12
u
14
1.8
19
DECEMBER 1988
Mortgages - I
Mortgages - I
115
Mortgage Markets by Type of Mortgage
VEAR END OUTSTANDINGS, 1970-81
VEAR END OUTSTANDING$, 1970-81
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
Total Mortgages
1 Total 111ortgages
Home mortgages
2
Hult1-fam1ly residential
3
Coiamercial
4
Farm
5
470.6
294.4
60.1
85.6
30.5
519.2
320.9
70.1
95.9
32.4
591.1
360.3
82.8
112.7
35.4
667.9
403.3
93.1
131.7
39.8
729.2
437. 4
100.0
146.9
44.9
786.7
476.9
100.6
159.3
871.8
539.5
105.7
171.2
55.4
1000.4
632.7
114.0
189.7
63.9
1152.3
742.8
124.9
211.8
72.8
1318.9
861.0
134.9
236.3
86.8
1451.6
956.3
142.3
255.5
97.5
1560.3
1033.4
142.1
277.5
107.2
1
2
3
4
5
6 Total liabilities
7
49.9
7
U.S. government
REITs
470.6
1.5
0.5
519.2
1.4
o.7
591.1
1.3
1.2
667.9
1.3
1.5
729.2
1.2
1.6
786.7
1.1
2.0
871.8
1.0
2.4
1000.4
o.9
2.4
1152.3
0.8
2.0
1318.9
0.7
2.0
1451.6
0.6
1.9
1560.3
0.4
1.9
9
Pr1vate nonf1nancial sectors
Households
Nonprofit institutions
Nonf1nancial business
Farms
Nonfarm noncorporate
Corporate
468.5
290.0
19.0
159.5
30.5
70.0
58.9
517.1
314.8
20.3
182.1
32.4
88.3
61.4
588.6
353.0
21.5
214.l
35.4
114.5
64.2
665.2
396.8
22.6
245.7
39.8
116 .4
89.5
726.4
431.4
23.7
271.2
44.9
140.9
85.5
783.6
469.7
24.8
289.2
49.9
152.4
87.0
868.4
529.4
25.6
313.3
55.4
164.l
93.8
997.1
619.2
26.7
351.2
63.9
180.8
106.4
1149.5
727.7
28.1
393.8
72.8
205.0
116.l
1316.3
846.9
29.6
439.8
86.8
247.2
105.9
1449.1
942.4
31.5
475.3
97.5
288.8
89.0
1557.9
1020.3
33.8
503.8
107.2
308.1
88.5
10
11
12
13
14
15
16 Total assets
Households
17
Nonfarm noncorp. business
18
19
St. & local govt. gen. funds
470.6
51.5
o.7
519.2
48.9
1.9
591.1
49.8
3.0
7.o
667.9
48.8
3.3
8.7
729.2
52.1
3.4
11.2
786.7
55.3
3.3
12.8
871.8
59.7
4.2
14.1
1000.4
66.5
5.5
14.6
1152 .3
76.0
8 .1
17.l
1310.9
89.4
11.0
23.6
1451.6
107.0
12.2
33.4
1560.3
117.3
20.3
41.0
16
17
18
19
8.9
12.6
48.1
21.5
19.l
53.5
28.5
19.6
56.4
40.7
56.8
23.7
59.9
28.0
72.2
70.4
34.6
86.6
94.8
42.l
100.8
114.0
580.3
132.1
614.3
136.2
352.7
273.5
77.2
773.2
179.0
462.2
371.3
88.2
2.8
880.5
214.0
520.6
422.1
95.2
3.4
978.9
322.5
1042.2
262.7
598.9
494.4
99.9
4.7
1092.2
284.2
616.6
512.2
100.0
4.4
23
24
25
26
27
28
155.5
137.7
3.9
12.5
1.3
29
30
31
32
33
8
10
11
12
13
14
15
u.s.
4.6
5.6
6
8
9
20
21
22
government
Sponsored credit agencies C 1 >
Mortgage pools
10.5
23.0
10.2
26.7
9.5
30.7
14.4
37.9
18.0
23
24
25
26
27
28
Private f1nan. institutions
Commerc1 al banking
Savings institutions
S&L associat1 ons (1)
Mutual sav1 ngs banks
Credit unions
375.4
H.3
206.0
147.3
57.9
0.8
416.4
82.5
232.0
169.2
62.0
0.8
476.7
99.3
268.5
200.0
67.6
1.0
542.3
119.l
301.7
227.l
73.2
1.4
2.0
677.2
151.3
400.3
316.2
81.6
2.5
84.7
74.4
4.2
5.9
0.2
85.7
75.5
3.7
6.3
86.3
91.1
81.4
2.4
7.1
99.3
89.2
2.4
7.5
0.2
102.0
91.6
2.4
7.7
0.3
107.8
96.8
2.5
8.0
0.4
117.9
106.2
2.7
8.6
0.4
131.8
118.4
3.1
9.6
o.7
146.5
131.1
0.2
96.5
86.2
2.4
7.7
0.2
7.5
10.0
12.2
10.4
14.5
16.0
13.1
16.1
12.9
13.2
ltl.2
9.4
17.3
7.o
22.2
5.8
28.0
4.9
29.9
4.2
33.2 34
2.6 35
15.1
21.8
17.8
15.9
20.2
32.7
41.8
49.0
65.2 36
632.7
619.2
742.8
727.7
7.6
7.6
861.0
846.9
7.0
7.0
956.3
29
30
31
32
33
Insurance
Life companies
Private pension funds
St.&loc. govt. rtr.funds
Other insurance cos.
34
35
Finance companies
REITs
4.8
3.9
0.2
6.2
9.5
76.9
2.7
6.5
0.2
36 l l) Memo: FHLB loans to S&L
10.6
7.9
8.0
assoc1au ons (included in "other loans" category>.
246.1
74.9
1.5
245.2
569.0
466.l
98.9
4.0
?.6
10.9
1.0
47.0 20
113.4 21
129.0 22
Home Mortgages (1)
1 Total liabilities
Households
2
Nonfar11 noncorp. bus1ness
3
4
Nonfin. corporate business
294.4
290.0
2.2
2.2
320.9
314.8
3.1
3.1
360.3
353.0
3.6
403.3
396.8
3.2
3.2
437.4
431.4
3.0
3.0
476.9
469.7
3.6
3.6
539.5
5 Total assets
Households
6
294.4
22.5
320.9
360.3
21.4
0.9
403.3
21.3
1.0
2.6
437.4
24.3
476.9
26.3
3.4
11;.2
539.5
27.7
1.3
5.0
632.7
30.0
1.7
5.2
742.8
35.4
2.6
7.2
861.0
43.2
3.3
11.8
956.3
58.0
3.7
19.7
4.2
5.6
28.4
18.0
74.8
9.7
30.9
25.3
77.o
8.9
31.4
37.3
86.2
11.4
31.9
53.0
105.1
13.3
40.9
65.4
129.2
15.6
50.1
88.4
149.5
18.3
57.8
107.1
160.4
20.7 9
64.0 10
125.0 11
170.3 12
270.8
218.8
50.0
2.0
309.5
254.0
53.1
2.5
361.6
300.8
58.l
2.8
412.0
345.4
63.3
3.4
454.9
384.8
66.l
4.0
483.1
411.0
67.5
4.7
499.4
426.8
68.2
4.4
7
Nonfarm noncorp. business
State and local governments
10
11
12
9
U.S. government
Spons. credit agencies
Mortgage pools
Co111111ercial banking
13
14
15
16
Savings institutions
Savings and loan assns.
Mutual sav1 ngs banks
Credit unions
17
18
19
20
Insurance
Life insurance companies
Pr1vate pension funds
St.Sloe. govt. rtr. funds
21
22
Finance co■panies
REITs
8
( 1) 1-4 fa■ilY
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
22.3
3.6
529.4
5.0
5.0
6.8
6.8
942.4
8.0
6.0
1033.4
1020.3
8.5
4.5
1
2
3
4
1033.4
71.1
5
6
1.9
0.5
2.0
6.2
15.5
3.0
42.3
5.6
17.6
7.3
48.0
5.0
19,5
11.6
57.0
164.8
121.9
42.1
207.4
160.2
46.2
1.0
232.7
182.4
0.8
180.9
136.6
43.4
0.8
1.4
248.5
197.7
49.2
1.5
31.4
26.7
1.8
2.9
29.1
24.6
1.5
3.0
26.4
23.1
19.0
0.8
3.2
21.1
17.6
0.7
2.9
19.6
16.1
0.6
2.8
18.3
14.7
0.6
2.9
18.l
14.4
0.9
2.8
20.4
16.1
1.2
3.1
22.9
17.9
1.4
3.5
22.5 17
1.1
3.0
24.4
20.4
0.8
3.2
6.0
0.6
6.8
7.8
1.2
9.5
1.9
1.7
8.8
9.3
1.4
11.5
1.1
13.6
0.9
18.2
0.7
23.2
0.5
24.8
0.4
28.0 21
0.3 22
0.8
2.1
22.3
22.,
14.8
68.0
48.8
0.9
0.9
6.5
25.6
7
8
13
14
15
16
17.2 18
1.5 19
3.8 20
DECEMBER 1988
Mortgages - I
Mortgages -
116
Mortgage Markets by Type of Mortgage
YEAR END OUTSTANDJNGS, 1982-87
1982
1983
198.li
YEAR END OUTSTANDINGS, 1982-87
1985
1987
------------
1986
Total Mortgages
l
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
1637.7
1079.8
145.8
300.8
111.3
1825.oli
1200.2
159.7
351.8
113.7
2051.oli
1336.2
18.li.6
olil8.2
112.oli
2289.8
1490.2
213.9
479.9
105.9
2595.8
1699.6
2oli7.2
553.3
95.8
2919.7
1908. 7
271. 0
651.2
Total mortgages
Home mortgages
Multi-family residential
Commercial
Farm
1637.7
0,3
2.0
1825.oli
0.2
2.1
2051.4
o.1
2.5
2289.8
0.1
2.7
2595.8
2919.7
2.7
3.0
Total 11 abi 11 ties
U.S. government
REITs
1635.3
1059. 7
36.4
539.2
111.3
373.l
54.8
1823.1
1176. 0
38.9
608.1
113.7
436.l
58.3
2048.8
1310.l
41.oli
697.3
112,4
520.3
6oli.6
2287.1
1460.6
2916.6
1878.2
48.oli
990.0
53.6
2593.0
1669.9
oli6.1
877.0
95.8
723.3
57.9
811.3
89.9
Private nonfinancial sectors
Households
Nonprofit institutions
Nonfinancial business
Farms
Nonfarm noncorporate
Corporate
1637.7
126.1
25.0
oli6.3
1825.4
127.l
29.3
54.2
2051.4
128.2
39.3
64.4
2289.8
127.5
olioli.0
74.2
2595.8
127.8
oli7.2
86.0
2919.7
86.3
50.5
94. 7
Total assets
Housenolds
Nonfarm noncorp. business
St. & local govt. gen. funds
49.4
50.6
53.3
159.8
368.9
54.4
loli9 .4
531.6
49.l
143.7
718.3
1599.4
502.5
802.9
664.7
118.9
19.3
1777. l
591.2
875.oli
708.0
138.5
28.9
238.3
212.oli
5.7
15.4
4.9
43.8
782.7
105.9
623.3
88. 9
88. 9
20
21
22
127.5
178.5
137.9
2oli4.9
51.5
150.6
289.0
23
2oli
25
26
27
28
1085.0
301.3
580.6
oli82.2
94.1
oli.2
1181.4
330.5
.633.8
529.oli
97 .4
7.0
1328.5
379.5
718.9
606.8
102.9
9.2
1462.2
429,2
777.Ii
29
30
31
32
33
163.2
142.0
5.8
13.8
1.6
17.li .5
151.0
181.2
156.7
220.6
193.8
loli.7
2.3
6.6
15.3
2.7
197.5
171.8
7.o
15.3
3.3
34
35
37.3
2.6
40.0
2.7
oli5.oli
52.l
67.5
5.9
65.4
6.9
36
66.0
59.0
74 .6
88.8
108.6
133.1
6.5
3,5
654.6
110.oli
12.4
5.9
6.8
15.6
4.3
l
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
U.S. government
20
Sponsored credit agencies Cl> 21
Mortgage pools
22
Private finan. institutions
Commercial banking
Savings institutions
S&L associations Cl)
Mutual savings banks
Credit unions
23
24
25
26
27
28
Insurance
Lift companies
Private pension funds
St.Sloe. govt. rtr.funds
Other insurance cos.
29
30
31
32
33
Finance companies
REITs
34
35
Cl) Memo: FHLB loans to S&L
associations (included in "other loans" category).
36
Home Mortgages Cl)
1079.8
1059.7
15.l
5.1
1200.2
1176.0
19.l
5.1
1336.2
1310.l
21,l
5.l
1'190.2
loli60.6
2oli.8
oli.8
1699.6
1669.9
24.8
4.8
1908. 7
1878.2
2s.2
5.2
Total 11abil1t1es
Households
Non farm noncorp. business
Nonfin, corporate business
8
1079.8
81.l
8.5
28.6
1200 .2
81.2
10.0
33.7
1336.2
85.7
13.3
39.2
1490.2
86.7
13.9
oli5.0
1699.6
87.6
1-. .3
'19.0
1908. 7
40.0
14.8
50.l
Total assets
Households
Nonfar111 noncorp. business
State and local governments
9
22.1
22.9
83.7
239.5
182.5
23.5
283.0
196.2
24.'1
106.6
361.5
213.oli
2.li.l
103.l
519.7
235.8
20.8
103. l
701.9
275.8
govern11ent
Spons. credit agencies
Mortgage pools
Commercial banking
Savings institutions
Savings and loan assns.
Mutual savings banks
Credit unions
13
14
15
2
3
4
5
6
7
u.s.
l
2
3
4
5
6
7
8
9
10
11
12
10
11
12
7oli.3
174.3
173.8
13
14
15
16
460.7
392.2
6oli.2
4.2
'190.oli
414.3
69.l
7.0
5'10.'1
'159.7
71.5
9.2
574.l
'185.8
75.9
12...
586.9
'185.6
82.0
19.3
625.0
502.l
94.l
28.9
17
18
19
20
23.9
16.8
3.3
3.9
21.l
15.3
l. 9
3.9
20.5
1'1.l
2.5
18.3
12.4
2.2
3.7
18.4
12.8
2.4
3.2
17.6
13.2
1.0
3.5
Insurance
Lift insurance companies
Private pension funds
St.&loc. govt. rtr. funds
17
21
22
32.1
0.3
34.8
39.4
0.2
45.9
60.5
59.3
Finance companies
REITs
21
22
94.9
0.2
3.8
0.3
0.3
0.4
Cl J 1-4 family
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
16
18
19
20
DECEMBER 1988
Mort9a9es - II
Mort9a9es - II
117
Mort9a9e Markets (Continued)
VEAR END OUTSTANOINGS,
------------
VEAR END OUTSTANDINGS, 1970-81
1970
1971
1972
1973
1974
1975
1976
1977
1970-81
1978
1979
1980
1981
Multi-Fa1111ly Residential Mortsases
2
3
4
5
Total 11ab1lit1es
Nonfarm noncorp. business
Nonfin. c_orporate business
REITs
U.S. 9overnment
6 Total assets
Households
7
Nonfarm noncorp. business
8
9
State and local 9overnments
60.l
38.7
19.8
0.2
1.5
70.l
46.7
21.7
0.2
1.4
82.8
56.7
24.5
0.4
1.3
93.l
64.5
26.9
0.5
l.3
100.0
70.0
28.3
0.5
1.2
100.6
70.l
28.8
o.7
l.l
105.7
73.9
30.0
0.8
1.0
114.0
80.4
32.0
0.8
0.9
124.9
88.8
34.7
0.6
0.8
134.9
96.4
37 .2
0.6
o.7
142.3
102 .5
38.6
0.6
0.6
142.l
103.7
37.4
0.6
0.4
2
3
4
5
60. l
7.9
82.8
6.8
0.6
3.9
93.l
5.8
0.6
4.8
100.0
5.7
0.6
6.l
100.6
5.5
0.5
6.9
105.7
6.6
0.7
7.2
114.0
8.0
1.0
7.5
124.9
9.5
l.6
7.9
134.9
11.2
2.2
70.l
6.5
0.3
2.9
9.2
142.3
12.0
2.3
10.7
142.l
10.3
4.0
11.9
6
7
8
9
3.1
o.3
O.l
3.3
3.5
l.l
0.1
4.0
3.8
2.l
0.4
5.8
4.l
4.0
0.6
6.9
4.8
6.2
0.8
7.6
6.0
6.4
1.2
5.9
6.2
6.4
1.7
8.1
6.5
6.4
2.6
9.2
7.5
6.4
4.1
10.3
8.6
6.6
5.3
11.2
10.4
6.7
6.0
12.9
11.4
5.5
3.2
15.0
10
11
12
13
2.1
10
11
12
13
U.S. 9overnment
Spons. credit agencies
Mort9a9e pools
Com111ercial banking
14
15
16
Savin9s institutions
Savinss and loan assns.
Mutual savings banks
21.6
13.8
7.8
27.2
17.6
9.6
32.0
21.l
10.9
35.l
22.8
12.3
36.7
23.8
12.9
39.3
25.5
13.8
42.6
28.4
14.2
47.6
32.5
15.0
52.0
36.l
15.9
54.l
37.6
16.6
54.2
38.l
16. l
53.7 14
37.7 15
16.0 16
17
18
19
Life insurance companies
Private pension funds
St.&loc. 9ovt. rtr. funds
16.0
1.2
2.0
16.7
o.9
2.2
17.3
0.6
2.2
18.5
0.5
2.l
19.6
0.5
2.2
19.6
0.5
2.4
19.2
0.6
2.3
18.8
0.6
2.2
19.0
0.5
2.7
19. 2
0.5
3.3
19.5
0.3
3.8
19.3 17
0.3 18
4.7 19
20
21
Finance companies
REITs
1.2
1.3
2.4
2.2
3.2
4.2
3.7
6.6
2.4
6.8
1.6
4.8
l.l
3.1
l.4
2.2
1.7
1.8
2.0
1.6
2.2
2.l 20
0.8 21
---------
Commercial Mort9a9es
l Total 11ab111t1es
2
Households
Nonfarm noncorp. business
3
4
Nonf1n. corporate business
5
Reits
85.6
19.0
29.2
37.0
0.4
95.9
20.3
38.5
36.7
0.5
112.7
21.5
54.2
36.1
0.8
131.7
6 Total assets
7
Households
8
Nonfarm noncorp. business
9
State and local governments
U.S. 9overn111ent
10
co-ercial bankin9
11
85.6
10.8
0.7
0.2
0.4
23.3
95.9
8.6
1.1
0.4
0.5
26.3
112.7
9.3
1.5
o.7
0.3
31.8
1.3
146.9
23.7
67.9
54.l
l.l
159.3
24.8
78.7
54.5
1.4
171.2
25.6
85.l
58.9
1.6
189.7
26.7
93.7
67.7
1.6
211.8
28.l
108.6
73.8
1.3
236.3
29.6
143.8
61.7
1.3
255.5
31.5
178 .4
44.4
1.3
277.5
33.8
195.9
46.5
1.3
131.7
8.3
l.7
0.9
0.2
38.7
146.9
7.2
1.9
1.6
43.7
159.3
6.9
1.8
1.2
2.l
46.9
171.2
7.3
2.l
l.2
2.5
50.3
189.7
7.5
2.7
1.3
3.1
56.9
211.8
7.6
3.9
1.3
3.7
66. l
236.3
7.l
5.5
1.5
4.5
76.0
255.5
7.3
6.1
1.7
5.7
80.8
277.5 6
4.8 7
9.6 8
2.2 9
6.7 10
90.6 11
22.6
48.7
59.4
1.0
1.2
l
2
3
4
5
12
13
14
Savinss 1nst1tut1ons
Savin9s and loan assns.
Hutual savin9s banks
19.4
11.5
7.9
23.9
15.0
8.9
29.l
18.7
10.4
33.9
21.9
12.0
37.2
24.5
12.7
42.5
29.l
13.4
48.l
33.8
14.3
53.0
38.0
15.0
56.6
40.6
15.9
59.9
43.8
16.2
61.6
45.3
16.3
63.5 12
47.7 13
15.8 14
15
16
17
18
Life insurance companies
Private pension funds
St.&loc. sovt. rtr. funds
Other insurance companies
26.0
1.2
0.9
0.2
28.5
l.3
o.9
0.2
31.6
l.l
1.1
0.2
36.5
l.l
1.5
0.2
41.3
1.1
2.0
0.2
45.2
1.2
2.3
0.2
48.9
1.2
2.6
0.3
54.4
1.3
2.9
0.4
62.2
1.4
?.O
0.4
70.9
1.4
3.2
0.7
80.7
1.8
3.5
1.0
88.2
2.1
3.9
1.3
19
20
Finance companies
REITs
0.4
2.0
0.9
3.2
1.1
5.0
1.4
7.5
1.9
7.7
l.9
7.0
1.6
5.2
2.2
3.8
2.3
3.3
2.8
2.8
3.0
2.4
15
16
17
18
3.l 19
l.6 20
Farm Mort9a9es
Total 11ab111t11ts
2 Total assets
3
HousehOlds
Nonfarm noncorp. business
4
5
State and local 9overnments
30.5
32.4
35.4
39.8
44.9
49.9
55.4
63.9
72.8
86.8
97.5
107.2
30.5
10.2
32.4
ll.4
35.4
12.3
39.8
13.5
44.9
15.0
49.9
16.6
55.4
18.2
72.8
23.4
0.1
0.8
86.8
28.0
O.l
1.0
97.5
29.7
0.1
1.2
107.2
31.l
0.3
1.4
2
3
4
5
3.6
24.9
1.0
5.9
29.9
1.0
7.7
36.3
0.9
8.3
43.9
0.7
6
7
8
.
.
0.3
0.4
0.4
0.5
0.5
0.5
o.7
63.9
20.9
O.l
0.7
6
7
8
U.S. 9overn111ent
Sponsored credit agencies
Mort9a9e pools
0.8
7.2
1.7
0.5
7.9
2.l
0.4
9.1
2.4
0.4
10.9
2.7
0.6
13.5
2.6
1.3
16. l
2.0
1.9
18.6
1.8
2.8
21."
1.2
9
10
11
12
Co111t11ercial banks
Mutual savinss banks
Life insurance companies
St.&loc. govt. rtr. funds
4.4
0.l
5.6
0.2
4.2
0.1
5.6
0.2
4.8
O.l
5.7
0.2
5.4
O.l
6.0
0.3
6.0
o.1
6.3
0.2
6.4
0.1
6.8
6.7
0.1
7.4
7.8
8.5
8.6
8.6
8.9
10.5
12.1
13.0
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
8.4 9
10
13.l 11
12
DECEMBER l 988
Hort9a9es - II
Hort9a9es - II
118
Hort9a9e Markets (Continued>
---------
VEAR END OUTSTAHDINGS, 1982-87
1982
1984
1983
YEAR END OUTSTANDIHGS, 1982-87
1986
1985
1987
Hulti-Fam11Y Residential Hort9a9es
145.8
114.o
30.8
o.7
0.3
159.7
131.2
27.6
o.7
0.2
184.6
157 .8
25.8
0.8
0.1
213.9
191.3
21.7
0.9
o.l
247.2
145.8
9.9
5.0
13.3
159.7
10. I
6.1
15.7
184.6
10.5
8.1
20.2
10
11
12
13
11.l
3.6
16.5
IO.7
5.3
4.8
18.4
14
15
16
53.6
38.9
14. 7
17
18
19
20
21
1
2
3
4
5
6
7
8
9
0.9
271.0
247.0
22.9
1.0
Total liabilities
Nonfarm noncorp. business
Honfin. corporate business
REITs
U.S. 9overnment
213.9
12.7
8.8
23.4
247.2
14.9
9.6
30.4
271.o
17.l
10.4
37.4
Total assets
Households
NonfarR1 noncorp. business
State and local 9overn111ents
10.l
6.5
5.5
20.3
10.2
8.5
7.0
23.4
11.l
8.7
11.9
31.2
11.5
8.4
16.4
33.3
60.5
47.8
12.7
74.7
61.5
13.2
89.2
74.6
14.5
96.4
80.4
16.0
18.9
0.2
5.4
19.l
0.3
6.0
18.9
0.5
6.0
19.9
1.2
6.0
2.2
0.8
1.8
0.9
1.8
1.3
2.0
1.8
5.4
224.l
22.2
1
2
3
4
5
6
7
8
9
U.S. 9overnment
Spons. credit a9encies
Hort9a9e pools
Commercial bankin9
10
11
12
13
103.5
85.3
18.2
Savin9s institutions
Savin9s and loan assns.
Mutual savin9s banks
14
15
21.0
1.6
6.1
22.5
I.I
17
5.7
Life insurance companies
Private pension funds
St.&loc. 9ovt. rtr. funds
19
2.7
1.8
1.6
2.0
Finance companies
REITs
20
21
16
18
Commercial Hort9a9es
l
2
3
4
5
300.8
36.4
244.0
19.0
1.4
351.8
38.9
285.8
25.7
1.4
418.2
41.4
341.4
33.7
1.7
479.9
43.8
407.2
27.l
1.8
553.3
46.l
474.4
30.9
1.8
651.2
48.4
539.0
61.7
Total liabilities
Households
Nonfarm noncorp. business
Honfin. corporate business
Reits
6
7
10
11
300.8
4.0
11.l
3.l
7.4
102.6
351.8
4.5
12.9
3.4
7.8
120.2
418.2
3.6
17.3
3.7
8.l
152.9
479.9
3.0
20.7
4.4
8.3
181.0
553.3
4.0
22.7
5.1
8.4
222.8
651.2
9.3
24.7
5.7
6.6
267.7
Total assets
Households
Honfarm noncorp. business
State and local 9overnments
U.S. 9overnR1ent
Commercial bankin9
10
11
12
13
14
66.3
51.2
15.l
82.8
67.3
15.5
103.8
85.6
18.2
114.1
94.2
19.9
119.5
98.7
20.8
146.9
120.6
26.3
Savinss institutions
Savin9s and loan assns.
Mutual savin9s banks
12
13
14
15
16
17
18
93.5
2.3
4.5
1.6
103.8
4.4
4.8
2.3
111.2
3.6
5.4
2.7
127.7
3.7
5.6
3.3
149.1
2.9
6.3
4.3
166.7
3.6
6.2
4.9
Life insurance companies
Private pension funds
St.&loc. 9ovt. rtr. funds
Other insurance companies
15
16
17
19
20
3.o
1.5
3.4
1.5
4.1
1.9
4.2
3.8
4.3
3.9
4.4
4.5
Finance companies
REITs
20
8
9
2.0
1
2
3
4
5
6
7
8
9
18
19
Farm Hort9a9es
2
3
4
5
6
111.3
113.7
112.4
105.9
95.8
88.9
Total liabilities
111.3
31.l
0.4
1.4
113.7
:1.2
0.3
l.3
112.4
28.3
0.6
1.4
105.9
25.l
0.6
1.4
95.8
21.3
0.6
1.5
88.9
19.9
0.7
1.5
Total assets
Households
Honfarm noncorp. business
State and local 9overn111ents
8.8
9.2
48.9
0.5
9.8
49.2
0.5
10.4
44.7
0.4
10.7
37.6
0.l
10.2
32.l
0.1
U.S. 9overnment
Sponsored credit a9encies
Hort9a9e pools
11.4
O. l
11.9
12.7
0.1
11.0
14.4
Commercial banks
Mutual savin9s banks
Life insurance companies
St.Sloe. 9ovt. rtr. funds
.
7
47.8
0.6
9
10
11
12
8.4
9.4
10.2
12.8
12.7
12.s
8
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
9.9
2
3
4
5
6
7
8
9
10
11
12
DECEMBER 1988
Consumer Credit end Bank Loans N.E.C.
119
Consumer Credit end Bank Loans N.E.C.
Consumer Credit and Bank Loans Not Elsewhere Classified
VEAR END OUTSTANDINGS,
----------
1970-81
YEAR END OUTSTANDINGS, 1970-81
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
Consumer Credit
1 Total 11 abilities CHH)
2
Installment credit
3
Honinstal1111ent credit
134.0
105.5
28.5
149.7
118.3
31.5
168.8
133.2
35.6
193.5
155.1
38.4
202.5
164.6
37.9
207.6
168.7
38.9
230.4
188.7
41.7
267.2
223.7
43.5
312.3
264.7
47.6
352.8
300.3
52.4
355.4
302.l
53.3
372.3
315.5
56.7
4 Total assets
5
Installment credit
6
Nonfariw noncorp. business
7
Honfin. corporate business
8
Commercial banking
134.0
105.5
2.0
7.3
48.7
1.5
0.9
13.0
32.l
149.7
118.3
1.9
9.6
55.0
1.5
1.0
14.8
34.4
168.8
133.2
1.6
9.7
64.6
1.2
1.1
17.0
38.0
193.5
155.1
1.8
10.2
75.9
3.6
1.3
19.6
42.6
202.5
164.6
1.8
10.5
80.1
4.3
1.5
21.9
44.6
207.6
168.7
1.7
10.5
82.9
4.8
1.7
25.7
41.4
188.7
1.7
11.2
93.7
5.7
1. 9
31.2
43.3
230.4
267.2
223.7
1.9
13.5
112.4
7.0
2.3
37.6
49.0
312.3
264.7
1.9
14.1
136.0
7.3
2.4
44.3
58.6
352.8
300.3
l.9
14.6
154.2
8.4
2,8
46.5
72.0
355.4
302.1
1.8
14.5
147.0
11.9
3.7
44.0
79.1
372.3 4
315.5 5
1. 9 6
.15.4 7
147.6 8
12.4 9
3.8 10
46.0 11
88.5 12
28.5
1.8
7.3
16.9
2.o
_
0.5
31.5
l.9
7.6
19.3
2.1
0.5
35.6
2.1
8.2
38.4
2.2
9.0
23.7
2.9
0.5
37.9
2.3
9.l
22.9
3.1
0.6
38.9
2.3
9 .4
23.l
3.4
0.6
41.7
2.6
10.5
24.3
3.6
o.7
43.5
2.2
8.8
27.9
3.8
0.8
47.6
2.4
9.6
30.5
3.7
1.4
52.4
2.5
10.2
32.2
6.4
l.l
53.3
2.6
10.5
33.2
5.4
1.6
56.7
2.5
9.9
36.6
5.6
2,3
9
10
11
12
13
14
15
16
17
18
Savings and loan assns.
Mutual savings banks
Credit unions
Finance companies
Noninstallment credit
Honfarm noncorp. business
Nonfin. corporate business
Commercial banking
Savings and loan assns.
Mutual savings banks
22.4
2.4
0.5
1
2
3
13
14
15
16
17
18
Bank Loans Not Elsewhere Classified
Total loans by commercial
banking, Flow of Funds basis
2
3
4
5
6
7
8
9
- Loans elsewhere classified:
Mortgages
Consumer credit
Security credit
Open-market paper
= Banking sector total bank
loans n.e.c.
U.S. chartered banks
Domestic affiliates
Foreign banking off. in us
311.6
342.0
402.2
478.6
535.9
532.8
576.9
658.2
774.0
876.6
937.7
1021.6
73.3
65.6
13.0
8.2
151.5
82.5
74.3
13 .8
8.5
162.9
99.3
87.0
18.6
8.3
189.0
119.l
99.6
15.2
7.0
237 .8
132.1
103.0
13.0
9.2
278.7
136.2
106.l
15.0
10.3
21>5.2
151.3
118.0
21.7
14.0
271.9
179.0
140,3
23.9
14.3
300.7
214.0
166.5
21.0
13.0
359.5
245.2
186.4
20.2
15.2
409.7
262.7
180.2
20.9
16.9
457.0
284.2
184.2
26.2
17.7
509.2
2
3
4
5
6
142.8
3.0
5.8
153.8
177.6
2.6
8.8
220.7
4.3
12.8
254.7
4.9
19.l
241.5
3.4
20.3
244.4
3.8
23.8
268.4
3.8
28,5
308.2
4.6
46.6
345.7
4.2
59.8
377.9
3.7
75.3
424.l
4.0
81.l
7
8
2.8
6.3
-
9
10 + Loans by F.R. banks
11 = Total bank loans n.e.c.
151.5
162.9
189.0
237.8
278.7
265.2
271.9
300.7
359.5
409.7
457.0
10
509.2 11
12 Total liabilities
13
Honf1nancial sectors
14
Households
15
Farm business
16
Honfarm noncorp. business
17
Corporate business
151.5
140.0
7.7
11.2
11.7
103.6
162.9
149.9
12.5
12.6
107.6
189.0
169.5
10.7
14,3
13.7
120.5
237.8
210.1
14.1
17.2
28.6
137.1
278.7
247.0
15.6
18.2
36.0
159.4
265.2
237.2
14.l
20.2
37.7
143.5
271.9
246.9
14,9
23.2
40.4
140.1
300.7
276.l
17.6
25.7
46.4
154.9
359.5
333.0
20.l
28.2
59.6
175.1
409.7
382.8
21.7
31.0
72.8
204.3
457.0
431.0
29.5
31.6
79.3
226.0
509.2
482.l
35.5
32.9
93.5
252.4
12
13
14
15
16
17
9.9
19
20
21
18
Foreign
Official institut1 ons
Banks
Other
5.8
0.6
2.0
3.2
7.3
0.8
2.4
4.l
10.4
1.0
3.5
5.9
13.1
1.4
5. l
6.5
17.8
1.7
8.2
1 .8
21.6
2.0
9.3
10.3
28.4
2.9
13.5
12.0
31.4
2.9
16.2
12,3
49.9
5.2
25.7
19.l
53.0
7.3
21.6
24.l
64.8
11.9
26.3
26.6
67.8
12.6
21.8
33.3
18
19
20
21
22
23
24
25
Financial sectors
Savings and loan assns.
Finance companies
REITs
11.5
0.4
10.l
1.0
13.l
l.l
10.3
1.6
19.5
1.5
15.0
3.0
27.8
1.9
18.9
7.o
31.6
1.5
18.8
11.4
28.1
1.2
16.1
10.8
25.0
1.4
14.7
8.9
24.6
2,8
15.3
6.5
26.4
3.l
23.0
0.3
26.9
5.1
21.7
0.1
25.9
5.1
20.8
27. 1
5.0
2:i.6
0.5
22
23
24
25
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
DECEMBER 1988
Consumer Credit and Bank Loans N.E.C.
Consumer Credit and Bank Loans N.E.C.
120
Consumer Credit and Bank Loans Not Elsewhere Classified
VEAR END OUTSTANDINGS,
-------------------1982
1984
1983
VEAR END OUTSTANDINGS, 1982-87
1982-87
198S
1986
1987
Consumer Credit
l
2
3
388.7
330.4
58.3
437.7
374 .5
63.2
Sl9.3
449.5
69.8
601.8
526.5
75.3
656.2
581.3
74.9
696.9
623.6
73.3
Total liabilities CHH)
Installment credit
Noninstallment credit
4
437.7
374.5
2.3
17 .4
172.0
18,6
5.4
53.5
105.3
519.3
449.5
2.5
18. 7
211.6
28.7
7.9
66.2
113.9
601.8
526.5
2,6
19.5
245.l
39. 7
9.8
72,7
137.0
656.2
581.3
2.8
18.5
265.9
46.0
10.9
77.l
160.2
696.9
623.6
10
ll
12
388.7
330.4
2.0
15,4
152.5
14. 6
4.3
47.3
94 .3
4
Total assets
5
Installment credit
6
Nonfarm noncorp. business
Nonfin. corporate business 7
8
Commercial banking
9
Savings and loan assns.
10
Mutual savings banks
11
Credit unions
12
Finance companies
13
14
15
16
17
18
58.3
2.5
9.8
38.4
5.3
2.3
63.2
2.8
11.2
41.7
7.0
0,5
69.8
3.0
11.9
47.2
5.5
2.1
75.3
3.2
12.8
51.3
5.3
2,8
74.9
3.5
13.9
50.8
4.6
2.0
73.3
3,7
14.9
49.2
4,2
1.2
5
6
7
8
9
2.9
20,l
285.9
52,l
12.0
82,0
168. 7
Noni nstal linent credit
Nonfarm noncorp. business
Nonf1n. corporate business
Commercial banking
Savings and loan assns.
Mutual savings banks
l
2
3
13
14
15
16
17
18
Bank Loans Not Elsewhere Classified
2
3
4
5
6
7
8
9
Total loans by c ommercial
banking, Flow of Funds basis
1063.3
1145.2
1300.4
1435,5
159l. 6
1694.5
301.3
190.9
18.l
526.8
379.5
258.8
34.5
14 .4
613.2
429.2
26.2
330.5
213,7
28. 7
15.9
556.5
296.3
45.4
11.9
652.6
502,5
316. 7
39.6
11.l
721.6
591.2
335.1
34.4
13. 0
720,8
467,7
3.0
56.l
495.2
2.6
58. 7
546.2
2.6
64.4
574.7
2.0
75.8
622.2
1.7
97.7
603.1
2,3
115.5
- Loans elsewhere classified:
Mortgages
Consumer credit
Security credit
Open-market paper
Banking sector total bank
loans n .e.c.
U.S. chartered banks
Domestic affiliates
Foreisn banking off. in us
11
12
13
14
15
16
17
2
3
4
5
6
7
8
9
10
10
11
526.8
556.5
613.2
652.6
721.6
720.8
+ Loans by F.R. banks
= Total bank loans n.e.c.
12
13
14
15
16
17
526.8
497.8
37. 9
36.l
96.0
294. l
556.5
527•• 6
41.5
38.9
103.5
306.3
613.2
583. 7
36.7
39.9
124 .4
351.9
652.6
620.5
43.7
35.5
138.5
374.9
721.6
685.5
54.4
31.2
154.8
418.1
720.8
680.0
47.4
29.l
l6S.5
414.8
Total liabilities
Nonfinancial sectors
Households
Farm business
Nonfarm noncorp. business
Corporate business
18
19
20
21
33.8
5.4
15. 1
13.3
37.4
8.5
14.2
14.8
30.8
7.6
11.0
12.2
27.9
6.2
9.7
12.l
26.9
6.2
10.7
10.o
23,3
5,3
7.9
10.2
Foreign
Official institutions
Banks
Other
20
21
22
23
24
25
29.0
6.5
21.9
0.6
28.9
11.3
17.2
0.4
29,5
13.7
15.3
0.5
32.1
18.3
13.2
o.7
36.1
24.4
10.8
0.9
40.8
32.0
7.3
1.5
Financial sectors
Savings and loan assns.
Finance companies
REITs
22
23
24
25
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
18
19
DECEMBER 1988
Other Loans
Other Loans
121
Open-Market Paper and Other Loans
YEAR END OUTSTANDINGS, 1970-81
YEAR END OUTSTANDINGS, 1970-81
1970
1971
1972
1973
1974
l97S
1976
1977
1978
1979
1980
1981
107.5
15.5
2.9
145.0
110.9
24.S
4.6
163.8
121.6
28.0
7.0
215.1
161.l
42.7
10.8
1
2
3
4
63.9
15.8
47.4
0.6
81.8
20.4
60.7
0.8
86.6
107.6
33.0
74.l
5
6
42.2
54.0
9
163 .8
40.3
19.4
9.3
215.l
30.l
26.8
8.0
11
Open-Market Paper
Total outstandin9, all types
Commercial paper
Nonfinancial corporations
Foreisn issues in U.S.
4
2
3
5
6
7
8
9
Financial business
Commercial bankin9
Finance companies
REITs
Bankers acceptances ClJ
10 Holdinss, bY sector
Households
11
12
Nonfin. corporate business
Forei9n
13
14
15
16
17
18
Sponsored credit asencies
Monetary authoritY
Commercial bankin9 Cl J
Savin9s & loan associations
Mutual savinss banks
19
20
21
22
23
Life insurance companies
Private pension funds
Mutual funds
Honey market funds
Brokers and dealers
40.2
33.1
7.l
40.1
32.1
6.2
41.7
34.7
7.0
50.l
41.l
8.4
67.8
49.l
12.s
0.2
66.6
47.7
9.6
0.6
74.8
52.0
11.0
1.3
89.8
25.9
2.3
23.6
25.9
2.0
23.l
0.8
27.8
2.6
21.9
32.7
4.9
23.8
4.0
36.5
8.3
27.4
0.7
37.5
8.7
28.0
0.8
39.7
7.9
31.3
0.6
49.2
9.1
39.6
0.5
3.2
63.9
12.8
1.8
82.2
25.9
60. l
0.5
7.1
8.0
7.0
9.0
18.7
18.9
22.7
25.9
25.2
34.l
40.2
11.8
9.4
4.;;
40.l
8.l
11.3
4.1
41.7
3.6
14.2
4. 1
50.l
10.3
14.9
4.4
67.8
17.9
16.5
4.8
66.6
5.7
19.6
5.3
74.8
0.3
24.7
5.6
89.8
14.5
24.5
6.0
107.5
29.5
24.8
6.5
145.0
37.0
26.7
8.4
0.1
8.2
1.8
0.5
0.4
0.1
8.3
3.3
0.6
0.2
0.1
7.0
2.0
0.5
1.1
0.6
9.2
1.8
0.5
1.2
0.7
10. 3
0.2
0.3
0.4
0.6
1.2
0.2
14.0
2.6
1.0
1.4
8.5
2.8
14.3
2.3
1.0
13. 0
2.7
1.2
15.2
3.4
2.2
16.9
4.9
2.7
2.1
2.8
2.1
1.7
3.0
1.8
1.4
3.0
3.l
2.6
1.0
2.0
4.1
5.4
2.3
0.6
3.0
4.8
9. l
2.0
o.s
4.0
5.2
11.0
0.9
0.9
7.2
4.7
11.3
2.0
1.1
6.7
5.9
11.2
3.1
3.7
7.0
15.4
2.9
19.3
7.2
8.3
19.5
3.8
31.6
0.l
o. 7
2.7
5.8
6.8
0.6
7
8
10
12
13
-
o.7 14
15
17.7 16
6.l 17
3.S 18
12.0
24.5
3.6
70.4
11.6
19
20
21
22
23
ClJ Excludes banks• holdinss of own acceptances.
Other Loans
0.4
0.2
0.2
S&L assn. loans to business
2 Liab.: Noncorporate business
Nonfin. corp. business
3
2
3
Finance co. loans to business
Liab.: Noncorporate business
Nonfin. corp. business
21.8
10.9
10.9
23.2
11.6
11.6
27.4
13.7
13.7
32.3
16.2
16.2
37.2
18.6
18.6
40.9
20.4
20.4
24.7
24.7
63.0
31.S
31.5
74.4
37.2
37.2
84.5
42.3
42.3
88.7
44.3
44.3
7 U.S. 9overnment loans
8 L1ab.:
Households
9
Far111 business
10
Nonfarm noncorp. bus.
Nonfin. corp. business
11
St.&local sovernments
12
13
Fore19n
14
Spons. credit asencies
46.7
3.9
1.0
51.7
4.6
l.l
7.2
1.8
5.5
31.5
55.0
5.0
1.2
8.6
2.1
4.9
33.2
58.5
4.8
28.2
49.2
4.2
1.0
7.l
1.6
5.2
30.0
5.5
1.3
9.1
3.7
S.6
32.7
o.7
65.4
6.0
2.l
10.6
3.9
5.8
35.5
1.6
72.9
6.5
2.2
12.4
4.1
7.8
38.7
1.2
78.7
6.6
3.5
14. 3
4.0
8.0
41.7
0.5
91.5
7.4
7.0
18.4
5.7
6.5
45.6
o. 9
103 .8
8.s
10.4
21.4
6.9
6.7
48.4
1.5
119.9
9.5
13.0
25.6
8.4
7.6
53.l
2.7
15 Sponsored credit a9ency loans
16 Liab.: Households CSLMA)
Farm business CFICBJ
17
18
Noncorp. bus. CBC)
19
S&L assns. CFHLBJ
17.6
lS.6
16.4
24.9
34.2
31.8
32.l
5.0
2.0
10.6
5.7
2.0
7.9
6.1
2.3
8.0
7.2
2.6
15.1
3.6
21.8
8.8
10.0
4.0
17.8
11.3
4.9
15.9
39.0
0.5
12.8
5.6
20.2
54.l
o.9
14.2
6.3
32.7
69.3
1.5
17.5
8.�
41.8
80.8
2.6
19.4
20 Policy loans CHH 11abil1ty)
21 Asset: U.S. 9overnment
Life insurance cos.
22
17.0
1.0
16.l
18.0
1.0
17.l
19.0
1.0
18.0
21.2
1.0
20.2
23.9
1.0
22.9
25.5
1.1
24.5
26.9
1.1
2S.8
28.6
1.1
27.6
31.2
l.l
30.l
35.9
1.1
34.8
42.6
1.2
41.4
50.0 20
l.3 21
48.7 22
7.l
3.l
4.0
7.9
6.9
8.9
18.5
7.2
11.2
18.7
7.6
11.l
22.5
10.2
12.4
25.7
11.4
14.2
24.9
9.9
32.5
13.8
18.6
39.8
15.0
17. l
22.7
51.l 23
21.4 24
29.6 25
0.3
0.3
0.5
0.6
0.9
2.9
4.2
13.l 26
4
5
6
Cust. Uab. on acceptances
outstandin9 Cbank asset)
23
24 Lieb: Nonfin. corp. business
Fore19n
25
Forei9n loans to US nonbanks
26 Liab.: Nonfin. corp. business
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
6.8
2.1
3.6
4.3
3.7
3.2
4.7
4.2
49.5
9.8
49.0
99.4
49.7
49.7
4
5
6
138.9 7
11.0 8
16.4 9
31.2 10
9.6
11
100.7
4.8
21.2
9.5
65.2
15
16
17
18
19
8.8 12
57.3 13
4.6 14
DECEMBER 1988
Other' Loans
Other Loans
122
Open-Market Paper and Other Loans
YEAR END OUTSTANDING$, 1982-87
YEAR END OUTSTANDING$, 1982-87
1982
1984
1985
----------------
1983
1986
1987
Open-Market Paper
l
2
3
4
226.8
161.8
37.6
15.1
253.8
183.5
36.8
21.5
305.7
231.8
58.5
27.7
358.5
293.9
72.2
33.9
384 .9
326.l
62. 9
37.4
438.8
373.6
73.8
41.2
Total outstandin9, all types
Commercial paper
Nonfinancial corporations
Foreisn issues in U.S.
l
2
3
4
5
6
7
8
109.2
34.6
74 .2
0.4
125.2
38.0
86.8
0.4
145.5
44.3
100.7
0.6
187.8
46.4
140.7
o.7
225.9
43.l
181.7
1.1
258.6
44.6
212.6
1.4
Financial business
Commercial banking
Finance companies
REITs
5
9
65.0
70.3
74.0
64.6
58.8
65.2
10
11
12
13
226.8
16.2
36.7
6.3
253.8
25.0
43.4
7,1
305.7
19.6
52.8
8.3
358.5
58.7
59.3
8.1
384. 9
47.l
67.9
9.2
438.8
73. 9
69.6
9.4
14
15
16
17
18
0.4
0.8
o.7
0.l
0.1
18 .1
8.8
5.0
15.9
12.5
8.6
14.4
14.9
8.9
11.9
19.l
12.0
11.l
26.0
15.8
13.0
23.4
16.4
19
20
21
22
23
15.l
31.6
3.0
69.l
16.4
20.4
38.4
4.0
66.2
11.6
22.3
42.2
6.4
98.0
17.3
21.7
24.5
56. l
9.4
105.3
12.6
26.9
71.0
12.6
111.3
11.2
49.9
4.l
99.l
14.5
Bankers acceptances
(l)
Holdings, by sector
Households
Nonfin. corporate business
Foreign
6
7
8
9
10
11
12
13
Sponsored credit agencies
Monetary authority
Commercial banking Cl>
Savings & loan associations
Mutual savings banks
14
15
16
17
18
Life insurance companies
Private pension funds
Mutual funds
Money market funds
Brokers and dealers
19
20
21
22
23
Cl> Excludes banks' holdings of own acceptances.
Other Loans
l
2
3
0.7
0.3
0.3
3.1
1.5
1.5
11.8
5.9
5.9
17.4
8.7
8.7
24.0
12.0
12.0
23.8
11.9
11.9
S&L assn. loans to business
Liab.s Noncorporate business
Nonfin. corp. business
l
2
3
4
100.4
50.2
50.2
113.4
56.7
56.7
137.8
68.9
68.9
157.5
78.7
78.7
173.4
86.7
86.7
207.6
103.8
103.8
Finance co. loans to business
Noncorporate business
Liab.:
Nonfin. corp. business
s
7
8
10
11
12
13
14
152.5
12.6
16.7
35.8
10.9
9.8
61.8
5.0
161.0
13.4
16.7
38.5
10.4
10.9
66.l
5.0
177. l
14.0
17.8
40.5
11.6
18.6
69.6
5.0
193.2
15.5
18.2
41.0
14.2
26.8
71.4
6.1
198.6
18.4
18.0
41.7
14.8
27.3
72.8
5.7
184.6
13.7
17.7
41.1
11.5
25.3
70.4
5.0
U.S. 9overnment loans
Liab.:
Households
Farm business
Nonfarm noncorp. bus.
Nonfin, corp. business
St.&local governments
Foreign
Spons. credit agencies
15
16
17
18
19
101.5
6.4
20.4
8.7
66.0
95.4
7.9
19.0
9.5
59.0
111.4
9.8
17.8
9.l
74.6
123.l
12.3
13.9
8.1
88.8
142.3
14. 7
11.6
7.4
108.6
168.8
18.4
9.3
8.1
133.l
Sponsored credit agency loans
Liab.: Households CSLMA)
Farm business CFICB>
Noncorp. bus. CBC)
S&L assns. CFHLB)
15
16
17
18
19
20
21
22
54.2
1.2
53.0
55.2
1.2
54.1
55.6
1.1
54.5
55.5
l.l
54.4
55.4
1.3
54.1
55.3
1.7
53.6
Policy loans CHH liabU1ty)
U.S. government
Asset:
Life insurance cos.
20
21
22
23
24
25
58.8
20.7
38.2
65.7
27.6
38.0
69.4
30.4
39.0
60.0
28.3
31.6
54.4
28, l
26.3
60.9
33.2
27.6
Cust. liab. on acceptances
outstandin9 (bank asset>
Liab: Nonfin. corp. business
Forei9n
23
24
25
26
15.6
18.3
31.3
32.9
43.9
45.2
Foreign loans to US nonbanks
Liab.: Nonfin. corp. business 26
5
6
9
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4
6
7
8
'
10
11
12
13
14
DECEMBER l988
Security Credit, Trade Credit, and Taxes
123
Security Credit, Trade Credit, and Taxes
Security Credit, Trade Credit, and Taxes Payable
VEAR END OUTSTANDINGS, 1970-81
VEAR END OUTSTANDINGS, 1970-81
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
Security Credit
1 Total l1abil1t1es
Households
2
Foreign
3
4
5
6
Brokers and dealers
From do111est1c banks
Customer credit balances
7 Total assets
Households
8
Commercial banking
9
To brokers and dealers
10
To others
11
12
13
Brokers and dealers
Foreign
24.9
10.4
0.3
28.7
13.1
0.3
37.4
17.5
0.4
29.5
13.2
0.2
24.7
ll.4
0.2
28.5
12. l
0.3
39.9
16.5
44.2
18.9
46.7
21.0
48.0
21.3
61.9
28.5
64.o
27.5
l
2
3
14.2
9.5
4.7
15.3
10.1
5.2
19.5
14.1
5.4
16.l
10.9
5.2
13.2
9.0
�-2
16.0
ll.2
4.8
23.4
17.7
5.7
25.3
19.6
5.7
25.6
17. l
8.5
26.7
16.4
10.4
33.4
17.2
16.2
36.5
21.8
14.7
4
5
6
24.9
4.4
13.o
9.5
3.5
28.7
4.9
13.8
10.l
3.7
37.4
5.0
18.6
14.1
4.5
29.5
4.9
15.2
10.9
4.3
24.7
3.9
13.0
9.0
4.0
28.5
4.5
15.0
11.2
3.8
39.9
5.7
21.7
17.7
4.0
44.2
5.7
23.9
19. 6
4.3
46.7
8.5
21.0
17.1
3.9
48.0
10.4
20.2
16.4
3.8
61.9
16.2
20.9
17.2
3.8
64.0 7
14.7 8
26.2 9
21.8 10
4.4 11
7.2
0.3
9.8
0.3
13.5
0.4
9.1
0.3
7.6
0.3
8.6
0.4
12.5
14.5
17.l
17.5
24.7
23.0 12
13
-
Trade Credit
191.5
5.3
3.8
4.8
204.1
6.0
4.0
4.4
229.5
6.6
4.5
5.1
284.9
7.3
4.7
17.7
232.3
8.3
4.9
20.l
244.l
9.4
5.3
20.6
262.3
10.5
6.1
22.3
290.3
11.7
7.0
23.8
351.9
13 .2
8.6
25.6
415.8
14.9
9.8
31.7
466.8
17 .2
10.8
36.4
510.0
19.8
15.8
41.6
1
2
3
4
160.2
6.4
5.6
5.4
172.2
7.1
6.1
4.4
194.4
7.6
6.6
4.6
232.7
8.5
8.5
5.7
170.5
10.3
11.5
6.7
176.7
11.6
8.4
185.6
12.l
12.5
13.1
207.1
12.8
13.0
14.9
258.9
14.5
12.7
18.3
309.8
16.1
14.3
19.3
347.7
18.l
16.0
20.6
376.3
19.2
16.2
21.1
5
6
7
8
9
10 Total assets
Nonfarm noncorp. business
11
Nonf1n. corporate business
12
Foreign
13
14
U.S. government
Other insurance companies
15
216.3
6.6
191.4
7.4
6.6
4.4
228.7
8.1
203.8
7.2
4.9
4.7
257.1
8.8
230.3
8.2
4.0
5.8
308.9
18.6
269.3
10.2
4.3
6.5
291.3
20.4
246.3
12.4
5.3
7.o
302.0
21.2
252.5
14.2
6.5
7.7
327.4
22.0
271. 3
18.2
6.9
8.9
370.7
26.2
308.0
20.l
6.2
10.2
440.7
31.5
364.4
24.2
8.9
ll.7
518.6
34.9
434.3
24.4
ll.3
13.6
577.6
36.5
482.5
27.9
15.1
15.6
611.6
40.9
507.3
27.7
17.6
18.l
10
16 Discrepancy
-24.8
-24.6
-27.6
-24.0
-59.0
-57.9
-65.1
-80.3
-88.8
-102.7
-110.8
1 Total liabilities
2
Households
Farm business
3
Nonfarm noncorp. business
4
5
6
7
8
9
Nonf1n. corporate business
State and local governments
Foreign
U.S. government
Brokers and dealers
12 .2
11
12
13
14
15
-101.6 16
Taxes Payable
1 Total profit taxes payable
Nonfin. corporate business
2
Commercial banks
3
Savings & loan associations
4
5
Life insurance companies
Other insurance companies
6
7
Finance companies
8
Brokers and dealers
14.0
11.5
l.0
0.1
0.8
0.2
0.3
0.2
9 Total other taxes payable
(Nonfar11 noncorp. business>
10 Total profit taxes receivable
State and local governments
11
U.S. government
12
9.2
3.6
5.7
13 Total other taxes receivable
(State and local governments>
14 Discrepancy
BILLIONS ,OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4.7
15.8
13.3
0.9
0.2
0.8
0.2
0.3
0.1
15.7
13.3
o.7
0.2
0.8
0.3
0. 3
0.2
18.2
15.6
0.8
0.2
0.8
0.3
0.3
0.2
19.4
16.7
0.9
0.3
0.8
0.3
0.3
16.7
14.3
0.6
0.4
0.7
0.3
0.3
0.1
24.7
21.8
0.6
0.6
0.9
0.4
0.3
0.2
24.l
20.2
0.8
0.8
l.3
0.5
0.4
0.l
29.3
24.5
o. 9
l.O
1.6
0.6
0.5
0.2
32.l
27.l
l.4
0.8
l.6
0.6
0.4
0.2
28.9
25.3
0.8
0.5
1.0
2.5
4.0
5.5
6.6
7.8
8.9
10.0
11.3
4.l
7. l
11.5
5.1
6.4
13.9
5.8
8.0
14.3
6.5
7.8
12.6
7.l
5.5
20.4
9.3
11.l
20.7
11.l
9.6
1.0
2.5
4.0
5.5
6.6
7.8
4.5
4.2
4.4
5.1
4.1
4.4
0.4
0.2
0.5
20.6
18.6
0.5
O.l
o.7
0.3
O.l
0.3
1
2
3
4
5
6
7
8
12.8
15.3
13.7
9
24.5
11. 9
12.5
25.7
13.5
12.3
22.0
14.5
7.5
12.9 10
15 .5 11
-2.6 12
8.9
10.0
12.8
15.3
13.7 13
3.3
4.8
6.3
1.0
7.7 14
1.2
DECEMBER l 988
SecuritY Credit. Trade Credit. and Taxes
Security Credit. Trade Credit. and Taxes
124
Security Credit, Trade Credit, and Taxes Payable
YEAR END OUTSTANDINGS, 1982-87
YEAR END OUTSTANDINGS, 1982-87
1982
1984
1983
1985
1986
1987
Security Credit
l
2
3
69.8
30.3
83.4
39.7
87.9
37.3
131.2
56.8
141.l
65.0
112. 7
49.7
4
5
6
39.5
21.7
17.8
43.7
23.l
20.6
50.5
29.0
21.6
74.4
39.4
35.l
76.l
32.l
44.0
63.0
25.8
37.2
7
8
9
10
11
26.2
69.8
17.8
21.7
4.5
83.4
20.6
28.7
23.l
5.6
87.9
21.6
!4.5
29.0
5.5
131.2
35.l
45.4
39.4
6.l
141.l
44.0
39.6
32.l
7.6
112.7
37.2
34.4
25.8
8.6
25.8
34.2
31.8
50. 7
57 .4
41.l
12
13
------------------------------·----------------------
Total liabilities
Households
Foreisn
Brokers and dealers
From domtst1c banks
Customer credit balances
Total assets
Households
Commercial banking
To brokers and dealers
To others
Brokers and dealers
Foreisn
l
2
3
4
5
6
7
8
9
10
11
12
13
Trade Credit
l
522.0
3
4
16.l
45.3
2
22.2
565.8
24.0
15.4
45.8
609.4
25.8
14.3
51.5
656.6
28.0
14. 0
56.9
670.2
30.5
14.2
61.3
710.2
33.4
14.8
64.9
514.3
26.5
13.2
39.9
3.2
5
6
7
8
9
381.7
20.1
13.5
23.0
419.0
20.9
13.7
26.0
1.0
452.0
21.9
13.2
29.2
1.5
486.0
23.0
12.6
33.8
489.1
10
11
12
13
14
15
611.l
48.5
492.2
27.8
22.4
659.5
55.3
529.4
26.4
26.2
22.2
723.4
61.8
577.5
27.9
31.3
25.0
760.5
65.9
604.2
28.3
35.0
772. 7
69.l
607.4
29.0
35.l
32.1
827.7
72.3
656.7
29.1
34.0
35.7
16
-89.l
-93.8
-114.0
-104.0
-102.5
-117.5
20.2
:?.3
27 .2
24.6
12.2
34.8
3.4
Total liabilities
Households
Farm business
Nonfar• noncorp. business
Nonfin. corporate business
State and local governments
Foreign
U.S. 9overnment
Brokers and dealers
l
2
3
4
5
6
7
8
9
Total assets
Nonfarm noncorp. business
Nonfin. corporate business
Foreign
U.S. sovernment
Other insurance companies
10
11
12
13
14
15
Discrepancy
16
Taxes Payable
12.0
10.1
0.4
11.5
9.9
0.4
0.4
0.1
O.l
0.6
0.1
0.2
0.4
Total profit taxes payable
Nonfin. corporate business
Colllfflerci al banks
Savings & loan associations
Life insurance companies
Other insurance companies
Finance companies
Brokers and dealers
l
2
3
4
5
6
7
8
9
0.6
0.5
0.4
11.2
9.3
0.4
0. l
0.4
0. l
0.l
0.8
9
15.2
17.1
18.2
21.6
24.0
25.6
Total other taxes payable
CNonfarm noncorp. business>
10
11
1.3
14.l
-12.8
8.5
16.0
-7.5
19.9
-6.9
12.9
10.0
21.l
-11.l
11.4
22.9
-11.6
14.0
22.8
-8.8
Total profit taxes receivable
State and local 9overnments
U.S. government
10
11
12
13
15.2
17.l
18.2
21.6
24.0
25.6
Total other taxes receivable
(State and local governments>
13
14
5.2
3.7
-.2
1.2
0. 7
-2.5
Discrepancy
14
l
2
3
4
5
6
7
8
12
6.5
4.4
0.4
0.1
0. 7
0.3
12.2
10.5
0.3
0.1
0.6
0.2
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
12.8
11.4
o. 3
0.4
0.2
0.9
DECEMBER 1988
Miscellaneous
Hiscellaneous I
125
Miscellaneous Financial Claims
YEAR END OUTSTANDINGS, 1970-81
YEAR END OUTSTANDINGS, 1970-81
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
219.7
5.1
13.3
78.9
0.3
246.9
5.4
2.0
13.9
86.l
0.3
293.8
6.0
4.0
14.9
91.7
0.3
344.0
6.4
5.5
20.6
100.0
0.3
373.6
7.1
6.9
25.1
106.6
1.7
432.3
7.7
7.9
27.7
119.6
1.2
490.l
8.4
9.8
30.8
135.3
548.5
9.3
12.6
34.6
140.8
648.3
10.3
16.2
42.5
169.2
738.l
11.7
18.0
54.5
196.0
841.9·
12.9
19.4
83.0
217.2
954.8
14.7
28.l
108.7
211.4
'
Total finance
Sponsored credit agencies
Monetary authority
Commercial banking
122.1
6.9
2.9
36.l
139.l
6.3
2.8
45.0
176.8
6.8
2.9
68.0
211.2
8.9
4.2
87.0
226.0
9.3
4.0
92.6
268.2
11. 1
3.8
116.0
305.2
13.1
4.0
125.9
351.2
14.5
4.2
143.9
410. l
19.l
5.2
168.7
458.0
24.8
6.0
180.8
509.3
28.4
5. l
201.2
591.8 7
33.0 8
5.8 9
257.9 10
11
Savings and loan assns.
Mutual savings banks
Credit unions
Life insurance companies
Other insurance companies
Finance companies
REITs
Brokers and dealers
3.6
1.7
2.5
22.6
34.2
10.5
4.0
l.8
2.7
24.5
37.8
13.l
4.9
1.9
3.0
27.1
42.6
17.8
5.6
2.1
3.3
29.6
47.4
21.5
5.5
2.0
3.6
6.2
2.2
3.9
35.5
58.5
29.0
2.1
-.1
7.3
2.4
4.3
39.4
68.8
35.0
2.3
2.7
8.5
2.6
4.8
44.0
81.4
43.7
1.8
1.8
8.2
3. 0
5.3
48.8
95.4
so.a
0.3
5.2
9.2
2.2
5.7
54. l
110.2
58.8
0.1
6.2
10.1
2.2
7.3
57.9
122.6
65. l
0.2
9.3
12.7
1.7
7.7
66.l
133.4
62.6
0.4
10.5
11
12
13
14
15
16
17
18
19
20
21
22
23
1 Total 11 abi 11 t1 es
Households
2
Nonfarm noncorp. business
3
Nonfin. corporate business
4
Foreign
5
6
u.s. govern111ent
7
8
10
12
13
14
15
16
17
18
19 Total assets
Households
20
Farm business
21
Nonfarm noncorp. business
22
Nonfin. corporate business
23
32.2
0.1
1.0
1.0
1.8
1.6
52.3
22.1
0.8
1.6
191.0
26.3
.4.3
6.7
94.l
218.8
28.7
4.8
9.5
106.1
261.2
31.3
5.5
12.5
119.3
309.7
34. l
6.2
14.2
136.6
339.9
36.8
6.9
15.l
145.5
391.2
40.6
7.8
15.4
160.l
443.2
46.0
9.3
18.6
179.2
494.5
52.9
11. l
23.9
198.0
601.2
59.S
13.0
29.1
229.7
704.5
66.7
14.9
36.l
279.2
815.6
72.4
16.8
36.8
309.9
955.4
78.S
18.S
55.3
361.5
2
3
4
5
6
24
25
Foreign
U.S. government
10.0
5.7
12.7
5.8
13.5
5.9
22.l
6.9
29.8
7.0
28.4
7.7
37.o
8.6
34.4
9.3
53.1
10.1
64.8
11.0
100.7
11.5
124.4 2'4
12.4 25
26
27
28
29
Total finance
Sponsored credit agencies
Monetary authority
Commercial banking
43.9
1.6
0.9
17.5
51.2
1.8
1.1
22.5
73.3
1.6
1.1
34.l
89.6
2.4
1.4
44.9
98.8
0.7
3.2
46.3
131.2
1.7
3.2
62.7
144.3
1.2
3.0
68.2
164.9
2.2
2.4
17.9
206.7
2.6
3.0
99.1
231.6
3.0
3.1
103.3
267.6
4.3
3.6
121.2
304.9
5.0
4.1
143.4
26
27
28
29
30
31
32
33
34
35
36
37
Savings and loan assns.
Mutual savings banks
Credit unions
Life insurance companies
Private pension funds
REITs
Honey market funds
Brokers and dealers
7.7
1.3
7.9
1.7
9.4
2.1
10.0
2.4
12.3
2.6
14.4
17.3
3.6
19.2
3.8
9.2
5.7
10.1
6.0
0.2
11.1
12.9
1.0
12.0
15.5
1.0
13.4
19.0
1.4
- •l
15.0
30.2
0.8
-.1
16.S
32.0
0.5
-.l
2.2
19.0
39.3
0.3
-.2
1.1
24.3
4.1
1.8
21.4
48.6
-2.4
o.3
4.0
30.8
4.4
3.6
24.9
53.5
-1.4
o.7
5.8
34.8
5.0
7.o
28.5
55.7
-.9
1.1
7.2
43.0
5.6
6.2
35.8
49.9
0.6
2.9
8.4
30
31
32
33
34
35
36
37
28.7
28.l
32.5
34.4
33.6
41.0
46.9
54.0
47.0
33.6
26.3
-.6 38
Foreign direct investment by U.S. corps.
70.3
39 Liab.: Foreign (1)
76.4
81.5
91.7
100.4
114.l
126.6
135.4
151.8
178.2
208.5
224.8 39
Direct investment in U.S. by fgn. corps.
13.3
40 Liab.: Nonfin. corp. bus.Cl l
13.9
14.9
20.6
25.l
27.7
30.8
34.6
42.5
54.5
83.0
108.7 40
2.2
2.5
2.8
3.4
4.1
5.2
6.0
6.6
7.5
8.3
9.3 41
38 Unallocated, net
3 .2
(Al Foreign claims
U.S. equity in IBRD, etc.
41 Liab.: Foreign
1.9
.
(Bl Claims on federally related agencies
Postal Savings deposits
42 Asset: Households
Liab.: u.s. government
.
42
Deposits at FHLBs
43 Liab.: Sponsored credit ags,
Asset: S&L associat1 ons
2.3
1.8
1.5
1.7
2.4
2.7
3.9
4.1
6.2
9.3
10.1
11.9 43
44 Federal Reserve Bank stock
Asset: Co111111ercial banks
o.7
0.7
0.8
0.8
0.9
o.9
1.0
1.0
1.1
1.1
1.2
1.3 44
45 Equity in spons. credit ags.
46
u.s. govern111ent
Private
47
Farm business IFICB & FL
48
Nonfarm noncorporate IBC
Nonfin. corp. bus. (FNMA
49
50
S&L associations CFHLB)
2.7
2.8
3.1
3.7
4.4
4.8
5.3
6.1
7.4
9.0
9.7
11.0 45
46
0.6
0.2
0.3
1.6
o.7
0.2
0.4
l.6
0.8
0.2
0.4
1.8
0.9
0.2
0.4
2.1
1.1
0.2
0.4
2.6
1.4
0.3
0.4
2.7
1.6
0.4
0.5
2.9
1.9
0.4
0.5
3.3
2.1
0.5
0.6
4.1
2.5
0.6
0.6
5.l
3.1
0.8
0.6
5.2
(l)
Excludes capital gains/losses.
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
-
3.7
0.8
0.6
5.8
47
48
49
50
DECEMBER l988
Miscellaneous
Miscellaneous
126
Miscellaneous Financial Claims
--·-------
VEAR END OUTSTANDINGS, 1982-87
1984
1983
-------------
1985
1986
1987
1982
VEAR END OUTSTANOINGS, 1982-87
l
2
3
4
5
6
l019.0
15.5
38.4
124.7
219.5
1134.7
16. I
51.l
137. I
218.5
1266.2
15.1
70.3
164.6
218.7
1405.6
15.2
77.7
184.6
228.5
1611.5
13.9
85.7
220.4
271.l
1813.3
15. I
93.7
261.9
335.4
1.2
7
9
10
620.8
38.8
5.9
261.9
712.0
38.5
5.9
292.8
797.5
48.8
6.6
305.7
899.6
55.7
6.9
323.2
1020.3
64.0
6.9
365.3
1106.0
61.9
8.0
406.3
Total finance
Sponsored credit 19encies
Monetary authority
Commercial bankin9
11
12
13
14
15
16
17
18
13.3
1.3
7.9
73.l
144.0
70.2
0.4
4.1
23.7
5.6
8.6
82.4
156.0
79 .5
0.3
18.7
30.4
7.4
10.4
97.2
171.4
98.2
0.5
20.9
40.0
11.l
11.7
111.6
201.2
107.6
0.5
30. l
39.5
13.8
13.4
117.0
240.3
122,8
0.2
37.l
24.7
14.5
15.8
117.3
2n.1
142.8
0.2
41.3
Savin9s and loan assns.
Mutual savin9s banks
Credit unions
Life insurance companies
Other insurance companies
Finance companies
REITs
Brokers and dealers
19
20
21
22
23
1025.4
85.3
20.2
41.8
354.5
1122.7
100.6
21.3
38. I
380.4
1302.6
102.5
21.4
51.6
410.7
1438.3
124. l
23.9
58.0
432.1
1633.l
153.6
27.0
71.7
472.5
1778.7
170.6
29.l
81.7
508.5
24
25
126.8
14.0
139.2
14.7
161.3
16.8
181.2
16.3
2is.,
16.7
268.8
17.9
Fore19n
U.S. 9overnment
24
25
26
27
28
29
382.8
6.1
4.1
170.4
428.4
6.8
5. I
177.6
538.4
9.2
8.8
231.8
602.8
7.7
8.3
264.2
665.7
10.6
8.0
308.5
702.l
18. I
10.2
330.1
Total finance
Sponsored credit a9encies
Monetary authority
Commercial bankin9
26
27
28
29
30
31
32
33
34
35
36
37
67.4
7.9
5.9
44.0
63. 3
o. 9
1.8
11.1
79.9
9.7
6.2
50.1
76.8
0.9
1.5
13.8
111.2
11.4
6.l
54.9
83.3
2.0
3.0
16.7
125.5
13.1
7.5
61.8
86.3
2.2
3.6
22.6
129.4
14.1
11.2
69.8
79.0
2.6
6.5
26.0
140.4
14.8
10.3
77.7
64.0
3.8
7.9
24.7
Savin9s and loan assns.
Mutual savin9s banks
Credit unions
Life insurance companies
Private pension funds
REITs
Money market funds
Brokers and dealers
31
32
33
34
35
36
37
38
-6.4
12.0
-36.4
-32.7
-21.5
34.6
8
Total 11 abi 11t1 es
Households
Nonfarm noncorp. business
Nonfin. corporate business
Forei9n
U.S. 9overnment
Total assets
Households
Farm business
Nonfarm noncorp. business
Nonfin. corporate business
Unallocated, net
1
2
3
4
5
6
7
8
'
10
11
12
13
14
15
16
17
18
19
20
21
22
23
30
38
IA> Forei9n claims
39
40
41
213.3
124.7
IO.6
215.9
137.l
221.9
164.6
11.3
12.9
238.0
184.6
14.4
261.7
220.4
15.9
308.4
Forei 9n direct investment by U.S. corps.
Lieb.: Fore19n 11)
39
261.9
Direct investment in U.S. by f9n. corps.
Liab.: Nonfin. corp. bus. Cl>
40
U.S. equity in IBRD, etc.
Liab.: Fore19n
17.2
41
!Bl Claims on federally related a9encies
Postal Savin9s deposits
Asset: Households
Lieb. I u.s. 9overn11ent
42
43
14.7
11.8
18.9
23,3
27.0
20.4
44
1.4
1.5
1.6
1.8
I.9
2.0
45
46
12.0
12.2
13. I
14.0
14.6
16.3
47
48
49
50
4.1
o. 9
o. 7
6.3
4.2
0.8
0.7
6.4
4.3
0.9
0.7
7.2
4.0
0.8
0.8
8.3
3.4
0.8
o.9
9.5
3.0
0.7
I. 3
11.3
Deposits at FHLBs
L1ab,: Sponsored credit 19S,
Asset: S&L associations
(l)
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
42
43
Federal Reserve Bank stock
Asset: Commercial banks
44
Equity in spons. credit a9s.
U.S. 9overnment
Private
Farm business CFICB & FL
Nonfarm noncorporate CBC
Nonfin. corp. bus. (FNMA
S&L associat1ons CFHLBl
45
46
Excludes capital 9ains/losses.
47
48
49
50
DECEMBER 1988
Miscellaneous II
Miscellaneous II
127
H1scellaneous Financial Claims (Continued>
VEAR END OUTSTANDINGS, 1970-81
VEAR END OUTSTANDlNGS, 1970-81
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
5,1
5.4
6.0
6.4
7 .1
7,7
8.4
9.3
10.3
11.7
12.9
14.7
13.1
3.5
14.1
3.9
10.3
15.4
4.3
11.1
16.8
4.9
11.9
18.3
5.6
12,7
20.0
6.3
13.7
21.8
7,0
14.9
24.6
8.3
16.3
27.3
9.6
17.7
29.7
10.4
19.3
31.4
11.0
20.4
33.5
11.9
21.6
2
3
4
34.2
13.2
3.6
37.8
14.5
4.1
7,3
11.9
42.6
15.9
4.7
8.3
13.7
47.4
17.3
5.2
9.2
15.7
52.3
18.5
5.8
10.2
17.8
58.5
20.5
68.8
6.5
11.5
20.0
24,l
7.7
13.5
23,4
81.4
28.3
9.2
16.0
27.8
95.4
32.2
10.9
18.9
33.4
110.2
37.o
12.4
21.8
38.9
122.6
40.9
13.7
24.3
43.6
133.4
44.9
14.8
26,3
47.3
7
10.0
15.0
0.6
21.0
3.0
25.0
4.3
32.0
5.0
39.0
10.8
43.6
14.7
50.l
16.3
54.9
20.7
60.4
24.1
67.2
26.9
33.6
41.0
46.9
54.0
47.0
33.6
26.3
-.6 12
176.2
-3.9
12,6
220.5
7.3
16.2
239.0
6.7
18.0
256.9
-2.8
19.4
4.2
3.2
5.5
.,..2
6.6
4.8
3.9
303.6 13
-25.8 14
28.l 15
16
10.l 17
4.5 18
93.8
25.l
57.9
3.2
7.6
113.8
40.7
59.l
120.4
43.0
62,5
133.9
46.5
8.2
5.6
9.3
8.5
8,2
3.0
5.3
21.5
30.1
0.3
5,2
2.2
5,7
24.4
34.7
o.1
6.2
9.2
(C) Life insurance clai■s
Deferred and unpaid pre11iu111s
Liab,: Households
Life insurance cos.
Asset,
Life company reserves
2 Lieb,: Life insurance cos.
Accident and health
3
4
Poli CY d1vidend accu111.
Asset: Households
9.6
(D) Nonl1fe insurance claims
5
6
7
Lieb.:
Asset:
8
9
Other 1nsurance
Households
Farm business
Nonfarm noncorp.bus.
Nonfinan. corp. bus.
6.5
10.8
5
6
8
9
(E) lntercorporate claims
Corporate parent investment 1n:
10
Co1111erci al bank subsidiar1es
11
Finance company subsidiaries
(F)
Unallocated assets & 11ab.
12 Net total Cliab. less assets>
28.7
28.1
32.5
34.4
Total l1ab1lit1es
Forei9n
Nonfarm noncorp. business
U.S. 9overnment
Sponsored credit a9encies
Monetary author1ty
62.2
2.9
72.4
3.9
2.0
0.3
1.7
2.1
98.0
4.3
4.0
0.3
2.1
2.1
118.7
1.4
5.5
0.3
3.5
3.3
118.7
-.7
6.9
1.7
2,5
3.2
138.3
-2.2
7.9
1.1
3.6
2.9
156,5
0.1
9.8
0.7
3.9
3.0
19
20
21
22
23
Commercial bankin9
U.S. commercial banks
D0111est1c affiliates
Forei9n bank1n9 offices
Banks in U.S. poss.
26.l
13.9
11.3
-2.9
30.0
14.9
14.8
-4.0
4.3
47.0
20.0
21.0
1.3
62.0
21.7
33.2
1.9
5,2
60.6
19.5
34.3
1.5
5.3
77,0
25.l
42.7
2,8
6.4
82.3
22.4
50,8
2.4
6.7
24
25
26
27
Savin9s and loan assns.
Mutual savin9s banks
Credit unions
Life insurance
Finance companies
REITs
Brokers and dealers
5.6
6.2
2.2
3.9
15.5
18.2
2.l
-.1
7.3
2.4
4.3
17.5
20.3
2.3
2.7
97.3
o.7
3.7
25.5
1.7
3.2
109.6
6,2
13
14
15
16
17
18
28
29
30
31
32
33
34
35
36
37
38
39
40
41
Total assets
Forei9n
Nonfar,m noncorp. business
Nonfin. corporate business
Sponsored credit a9encies
Monetary authority
Commercial bankin9
U.S. commercial banks
Domestic affiliates
Forei9n bankin9 offices
Banks in U.S. possession
42
43
44
45
46
S1vtn9s and loan assns.
Mutual sav1 n9s banks
Credit unions
Life insurance
Private pension funds
47
REITs
Honey •arket funds
Brokers and dealers
48
49
75.0 10
24.3 11
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
o.3
1.8
2.2
3,8
4.8
1.0
1.0
1.8
1.6
5.5
2.0
3.6
13.9
17.1
0.8
1.6
33.5
44.3
65.5
84.3
1.6
4.7
28.8
2.4
1.4
85.0
4.7
4,7
26.9
o.7
3.2
3.6
4.0
9.5
2,7
10.3
12.5
1.7
2.5
10.5
-3.3
12.6
1.6
0.9
1.8
-1.2
2.0
17.5
1.8
1.1
4.9
1.9
3.0
11.7
14.9
-1.4
4.0
23.7
1.6
1.1
2.1
3.3
12,8
17,2
4.8
28.8
1.2
3.0
2,6
4.8
19.4
27.4
1.8
1.8
5.9
8.6
-
182.9
51.3
74.8
43.l
13.6
19
20
21
22
23
10.1
2.2
7 .3
26.5
38.2
0.2
12.7
1. 7
7.7
32.5
38.3
0.4
10.5
24
25
26
27
28
29
30
230.6
17.6
11.7
57.2
4.3
31
32
33
34
35
36
66.8
9.7
10.9
9.3
122.2
-.2
7.4
34.3
2.2
2.4
173.5
10.7
9.6
43.9
2.6
3.0
205.3
10,3
13.7
61.4
3.0
3.1
3.6
304.2
15.6
28.l
88.7
5.0
4.1
17.7
10.2
2,3
2,l
3.0
25.9
15,3
1.9
5.2
3.5
42.8
18.6
2.6
15,2
6.4
37
38
39
40
41
25.3
5.6
6.2
21.1
49.9
42
43
44
45
46
6.8
4.l
1.8
-1.2
2.1
6.2
3.9
0.6
-.5
2.1
9.4
5.2
1.2
0.8
2.1
14.7
4.6
7,0
0.9
2.2
8.4
2.0
4.1
0.3
2.0
12.0
5.7
3.0
0.8
2.6
8.9
3,2
2.6
0.5
2,5
10.4
5.0
2.7
0.2
2,5
22,3
15.2
2.4
2.1
2.6
3.8
1.3
4.5
1.7
6.1
2.1
6.1
2.4
7.2
2,6
9.0
3.2
10.6
3.6
11.7
3.8
4.0
5.7
4.6
6.0
5.1
12.9
5.6
15.5
6.3
19.0
7.3
30.2
8.1
32.0
9,7
39.3
14.0
4.1
1.8
11.0
48.6
16.4
4.4
3.6
13,2
53.5
19.6
5.0
7.0
15.6
55.7
0.2
1.0
1.0
1.4
-.1
0.8
-.1
0.5
-.1
2.2
0.3
-.2
1.1
-2.4
0.3
4.0
-1.4
0.7
-.9
1.1
7.2
5.8
0.6 47
2.9 48
8.4 49
DECEMBER 1988
Miscellaneous II
Miscellaneous II
128
Miscellaneous Financial Claims CCont1nued)
VEAR END OUTSTANDINGS, 1982-87
VEAR END OUTSTANDINGS, 1982-87
1982
1983
1984
1985
1986
1987
CC) Life insurance claims
15.5
16.l
15.1
15.2
13.9
15.1
Deferred and unpaid premiums
Households
L1ab.:
Life insurance cos.
Asset:
2
3
4
35.8
13.2
22.6
39.0
15.0
24.0
41.7
16.6
25. l
45.2
18.8
26.3
48.2
21.3
26.9
51.9
24.0
27.9
L1fe company reserves
Liab.: Life insurance cos.
Accident and health
Policy dividend accum.
Households
Asset:
5
6
7
8
9
144.0
49.5
16.l
28.4
50.0
156.0
61.6
17. l
23.8
53.5
171.4
60.8
17. l
34.8
58.6
201.2
78.9
19.9
38.6
63.7
240.3
105.4
23.5
43.5
67.9
273.1
118.7
26.2
49.5
78.8
2
3
4
CD) Nonlife insurance claims
L1ab.:
Asset:
Other insurance
Households
Farm business
Nonf arm noncorp.bus.
Nonf1nan. corp. bus.
5
6
7
8
9
CE> lntercorporate claims
Corporate parent investment in:
Commercial bank subsidiaries 10
Finance co111pany subsidiaries 11
10
11
88.3
31.5
100.9
33.9
111.2
46.4
116,8
61.3
116.5
98,3
115.0
108.9
12
-6.4
12.0
-36.4
-32.7
-21.5
34.6
Net total CUab. less assets>
12
13
14
15
16
17
18
323.8
-7.8
38.4
395.6
-12.2
51. l
443.5
-20.0
70.3
488.0
-25.8
77.7
552. l
-7.2
85,7
12.l
4.5
14.5
4.5
16.8
5.0
18.4
5.1
22.5
5.0
622,3
9.0
93.7
1.2
25.3
6.0
Total l1ab1l1t1es
Foreign
Nonfarm noncorp, business
U.S. government
Sponsored credit agencies
Monetary authority
13
14
15
16
17
18
19
20
21
22
23
173.6
40.3
89.6
31. l
12.6
191.9
41.8
104.8
32.1
13.3
194 .5
40.5
113.l
32. l
8.8
206.4
42.9
120.2
34.5
8.9
248.8
45.3
154.5
39.3
9.8
291.3
65.3
158.6
57.6
Coffl81erc1al banking
U.S. contmerc1al banks
Domestic affiliates
Foreign banking offices
Banks in U.S. poss.
23
24
25
26
27
28
29
30
13.3
1.3
7.9
37.3
38. 7
0.4
4.1
23.7
5.6
8.6
43.4
45.6
0.3
18.7
30.4
7.4
10.4
55.5
51.8
0.5
20.9
40.0
11.l
11.7
66.5
46.2
0.5
30.l
39.5
13.8
13.4
68.9
24.5
0.2
37. l
24,7
14.5
15.8
65.4
33.8
0.2
41.3
Savings and loan assns.
Mutual savings banks
Credit unions
Life insurance
Finance companies
REITs
Brokers and dealers
24
25
26
27
28
29
30
31
32
33
34
35
36
330.2
2.2
12.5
90.4
6.1
4.1
383.6
2.l
13.5
110.3
6.8
5.l
479.9
-3.3
15.9
129.4
9.2
8.8
520.7
-3.4
18.5
129.6
7.7
8.3
573.7
5.5
27.4
142.0
10.6
8.0
587.7
6.9
31.4
120. 0
18.1
10.2
Total assets
Foreign
Nonfar111 noncorp. business
Nonfin. corporate business
Sponsored credit agencies
Monetary authority
31
32
33
34
35
37
38
39
40
41
49.3
15.0
3.2
25.3
5.9
41.4
10.5
3.8
23.1
3.9
72.6
41.6
5.1
22.3
3.7
84.3
54.8
4.8
21 .2
3.6
91.9
56.6
6.2
25.2
4.0
104.1
57.5
6.6
36.4
3.5
co-ercial banking
U.S. commercial banks
Domestic affiliates
Foreign banking offices
Banks in U.S. possess! on
37
38
39
40
41
42
43
44
45
46
46.4
7. 9
5.9
28.4
63.3
61.7
9.7
6.2
34.0
76.8
85.2
11.4
6.1
39 .8
83.3
93.9
13.1
7.5
46.6
86.3
93.0
14. l
11.2
55.9
79.0
108.8
14.8
10.3
62.6
64.0
Savings and loan assns.
Mutual savings banks
Credit unions
Life insurance
Private pension funds
42
43
44
45
46
47
48
0.9
1.8
11.1
0.9
1.5
13.8
2.0
3.0
16.7
2.2
3.6
22.6
2.6
6.5
26.0
3.8
7.9
24.7
CF> Unallocated assets & l1ab.
49
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
9.9
REITs
Honey !llarket funds
Brokers and dealers
19
20
21
22
s,
47
48
49
DECEMBER 1988
Total Cl■i111s
Total Claims
129
Total Financial Assets and Liabilities
VEAR END OUTSTANDINGS, 1970-81
VEAR END OUTSTANDINGS, 1970-81
1970
1971
1972
1973
1974
1975
1976
----------
1977
1978
1979
1980
1981
Credit Market Debt Outstand1n9 Cl)
2
3
4
5
6
7
8
9
Total credit mkt. debt
owed by:
Domestic nonfinan. sectors
U.S. 9overnment
Private domestic
Households
Farm business
Nonfar111 noncorp. bus.
Corporate business
State&local 9overnments
1595.7
1747.9
1932.6
2169.8
2402.4
2612,8
2895.0
3277.l
3743.7
4233.3
4665.5
5161.4
1423.3
300.8
1122.4
471.8
47.6
101.5
352.4
149 .2
1560.4
325.7
1234.6
5H,.9
51.6
121.6
377.7
166.9
1717.2
340.8
1376.4
577.6
56.8
151.4
409.2
181.4
1901.l
349.l
1552.0
653.6
65.4
172.3
467.4
193.3
2071.9
360.8
1711.0
704.0
73.3
208.1
517.8
207.9
2256.9
446.3
1810.6
750.4
82.l
2496.5
515,8
1980.7
838.4
2814.0
572.5
2241.5
974.S
105.9
278.6
638.6
243.9
3179.8
626.2
2553.6
1138.3
122.2
326.5
706.l
260.5
3563.3
663.6
2899 .8
1310.4
145.7
392.0
773.5
278.1
3905.9
742.8
3163.2
1430.2
161.5
447.8
828.4
295.3
4276.3
830.1
3446.2
1548.8
177.8
492.2
925,4
302.l
2
3
4
5
6
7
8
9
Fore19n
Financi 11 sectors
Sponsored credit 19encies
Hort9a9e pools
Commercial banks
Bank affiliates
S1vin9s and loan assns.
Finance companies
REITs
CMO Issuers
52.1
120.4
38.9
4.8
9.3
3.4
11.0
50.8
2.2
56.6
131.0
40.0
11.0
4.2
9.0
53.1
4,1
61.l
154.3
43.5
14.4
11.l
6.8
9.5
60.2
8.8
67.4
201.3
59.8
18.0
13.1
10.0
17.l
69.0
14.4
81.2
249.3
77.l
21.S
23.0
14.4
23.3
74.2
15.8
95.3
260.6
80.3
28.5
23.4
18.7
19.l
74.9
15.7
82.4
40.7
27.9
20.7
17.4
79.8
13.8
129.3
333.7
88.7
56.8
31.6
24.5
24.3
96.S
11.3
157.6
406.4
112.2
70.4
31.l
32.0
37.8
118.3
4.6
172.4
497.6
137.0
94.8
40.2
36.l
50.3
134.6
4.4
196.6
563.0
162.6
114.0
48.5
42.8
57.8
133.3
3.9
220.1
664.9
195.0
129.0
60.1
52.0
73.4
151.7
3.7
10
11
12
13
14
15
16
17
18
19
1595.7
1747.9
1932.6
2169.8
2402.4
2612.8
2895.0
3277.1
3743.7
4233.3
4665.5
319.8
247.o
5.3
33.7
33.8
321.6
239.7
6.6
41.7
33.6
331.8
239.2
7.8
44.3
40.6
366.0
265.8
8.5
42.6
49.1
415.7
306.4
8.7
46.3
54.4
454,9
327.9
8.6
58.3
60.1
489.2
3'42.2
10.0
66.2
70.9
536.0
377.1
12.0
60.3
86.6
604.9
426.4
15.6
63.6
99.3
714.2
517.4
18.3
68.2
110.4
760.6
552.6
19.2
66.5
122.3
822.4
595.5
28.0
75.8
123.0
29.7
58.2
56.5
60.3
64.8
62.2
65.1
64.9
70.l
72.2
78.4
85.6
92.4
93.5
130.3
103.5
159.9
120.6
149.6
139.5
174.8
163.l
200.4 26
187.2 27
10
11
12
13
14
15
16
17
18
19
20 Total credit market assets
held by:
21
Private dom. nonfin. sectors
22
Households
23
Nonfar111 noncorp. business
24
Nonfin. corporate business
25
State & local 9overnments
9.5
225.0
532,8
220.2
92.2
246.5
570.2
233.5
115.8
282.7
-
5161.4 20
21
22
23
24
25
26
27
Foreign
U.S. 9overnment
28
29
30
31
Financial sectors
Sponsored credit a9encies
Hortga9e pools
Monetary authority
1187.9
43.9
4.8
62.2
1309.5
45.0
9.5
69.6
1473 .8
49.0
14.4
71.2
1673.8
64.5
18.0
80.5
1844.4
85.3
21.S
'35.3
1994.0
89.8
28.5
93.5
2219.8
94.5
40.7
100.3
2507.4
101.4
56.8
108.9
2858.4
128.l
70.4
117.4
3230.1
158.l
94.8
124.5
3566.9
184.5
114.0
128.0
3951.4
217.7
129.0
136.9
28
29
30
31
32
33
34
35
36
Commercial banking
U.S. commercial banks
Bank affiliates
Foreign bankin9 offices
Banks in U.S. poss.
455.3
441.S
3.0
9.5
l.3
506.4
492.4
2.8
9.5
l.6
575.7
558.6
2.6
12.6
l.9
662.4
638.6
4.3
17.5
2.0
738.7
704.7
4.9
26.6
2.5
768,8
733.2
4.9
27.8
2.9
833.2
791. 0
5.8
32.9
3.5
924.6
875.3
7.2
38.4
3.8
1052.6
984,l
6.7
57.7
4.0
1181.8
1095.6
8.0
74.3
4.0
1289.5
1183.2
7.6
94.1
4.6
1396.0
1278.l
7.8
106.6
3.4
32
33
34
35
36
37
38
39
40
41
Private nonbank finance
Savin9s institutions
Savings & loan assns.
Mutual savings banks
Credit unions
621.8
252.3
163.6
73.5
15.2
679.1
289.4
189.3
82.8
17.2
763.5
334.6
222.0
92.4
20.1
848.5
371.6
251.2
96.8
23.7
913.7
396.4
270.6
99.4
26.4
1013.3
447.4
305.5
110.1
31.7
1151.1
515.8
354.5
122.9
38.4
1315.6
594.4
414.6
134.2
45.6
1490.0
666.2
470.8
143 .4
52.0
1670.9
721.8
520.0
148.0
53.8
1850.9
773.5
566.2
154.3
53.0
2071.9
800.2
589.4
155.8
55.0
37
38
39
40
41
291.7
174.6
36.6
49.6
30.9
305.3
182.8
35.0
52.9
34.,
328.8
192.5
40.5
57.4
38.3
356.4
204.8
46.8
63.1
41.8
389.5
217.7
55.6
69.8
46.4
438.6
234.6
71.2
79.1
53.7
491.2
258.3
77.8
88.9
66.2
558.4
285.7
88.2
100.8
83. 7
635.3
318.5
98.7
117.8
100.2
714.0
351. 0
120.8
128.6
113.7
807.7
383.3
151.4
149.5
123.5
896.8
414.2
178.6
172.0
132.0
42
43
44
45
46
77.8
61.5
3.9
6.4
84.4
67.6
6.2
6.0
100.2
77.5
10.4
6.3
120.S
89.4
16.0
7.6
6.0
4.6
6.0
7.5
127.7
94.8
16.l
8.3
0.8
7.8
127.3
95.2
13.2
8.7
1.5
8.8
144.1
107.0
9.4
8.5
2.l
17.2
162.9
129.2
7.o
12.9
1.9
11.8
188.S
155.2
5.8
13.7
5.1
8.6
235.1
184.5
4.9
15.6
24.9
5.l
269.8
197.7
4.2
18.5
41.7
7.7
374.9
221.1
2.6
21.6
106.5
23.0
47
48
49
so
51
52
53
42
43
44
45
46
Insurance
Life insurance cos.
Private pension funds
St.&loc.9ovt.rtr.funds
Other insurance cos.
47
48
49
50
51
52
53
Finance n.e.c.
Finance companies
REITs
Mutual funds
Honey market funds
Brokers and dealers
CHO Issuers
(l)
-
Excludes corporate equit1 es.
Total Liabilities and Their Relation to Total Financial Assets
Total credit mkt. debt
C from precedin9 table l
Other liabilities:
2
Official foreign exchange
3
Treasury curr. and SDR ctfs.
1595.7
1747.9
1932.6
2169.8
2402.4
2612.8
2895.0
3277.1
3743.7
4233.3
4665.S
5161.4
2.6
6.0
0.9
6.4
o.7
7.0
0.6
7.4
l. 9
7.7
2.3
8. 7
4.8
9.9
5.0
10.2
5.4
10.7
5.1
12.3
13.0
13.6
14.8
14.8
1252.3
326.7
724.7
3.7
158.2
33.4
5.8
1402.4
351.5
846.1
3.7
144.3
49.5
7.4
1564.7
381.7
940.6
3.9
172.6
57.2
8.8
1756.S
414.4
1005.s
10.8
227.6
81.1
17.1
1942 .8
450.2
1065.l
45.2
256.9
98.6
26.9
2166.8
471.7
1147.8
76.4
316.8
122.8
31.4
2453.8 4
499.6 5
1195.6 6
186.2 7
378.l 8
152.5 9
41.8 10
2
3
4
5
6
7
8
9
10
Deposits at financial insts.
Checkable deposits & curr.
S•all time & sv9s. dep.
Honey market fund shares
Lar9e time deposits
Security RPs
Fore19n deposits
714.6
242.2
412.2
818.4
259.9
480.5
934.0
283.6
550.0
1047.s
301.l
589.2
54.7
4.7
0.8
68.1
8.7
1.2
86.9
11.3
2.2
126.0
27.9
3.3
1140.4
308.0
626.8
2.4
167,l
31.2
4.9
11
12
Life insurance reserves
Pension fund reserves
130.7
240.8
137.l
277.9
143.9
331.3
151.3
338.0
158.4
345.3
166.5
444.l
175.3
507.5
184.8
560.3
196.0
661.5
206.7
767.1
216.4
916.1
225.6 11
996.9 12
13
14
15
16
17
18
Security credit
Trade debt
Taxes payable
Hiscellaneous
Interbank claims
Mutual fund shares
24.9
191.5
14.0
219.7
48.5
46.8
28.7
204.l
16.8
246.9
47.3
5:;,4
37.4
18.2
293.8
45.0
58.9
29.5
284.9
22.2
344.0
42.6
46.6
24.7
232.3
25.0
373.6
42.1
35.2
28.5
244.l
23.4
432.3
30.4
43.0
39.9
262.3
32.5
490.1
21.3
46.5
44.2
290.3
33.0
548.5
21.6
45.5
46.7
351.9
39.2
648.3
38.4
46.0
48.0
415.8
44.9
738.l
57.7
51.8
61.9
466.8
44.3
841.9
24.7
61.8
64.0
510.0
34.3
954.8
-25.0
59.8
3235.6
3587.8
4032.4
4484.5
4788.9
5288.1
5887.4
6585.1
7544.3
8523.5
9492.9 10465.4 19
859.4
566.6
11.9
1003.7
609.7
11.4
1138.1
674.1
12.4
901.4
808.5
13.8
641.7
899.8
14.0
849.5
983.7
13.9
1005.5
1113.6
14.0
950.0
1270.1
14.3
982.5
1516.8
13,2
1179.5
1779.6
13.9
1572.3
2033.5
13.8
1504.9 20
2257.2 21
15.2 22
-.3
20.7
-24.8
-.6
22.9
-24.6
-.2
27.6
-27.6
o.1
27,2
-24.0
-.2
27.7
-59.0
-.3
29.3
-57.9
-1.1
29.9
-65.l
0.2
31.7
-80.3
-.1
31.2
-88.8
-.1
31.2
-102.7
-.8
33.5
-110.8
-1.8 23
37.6 24
-101.6 25
-1.6
2.2
3.0
4.7
28.7
-1.6
1.7
4.6
4.5
28.1
-1.7
-2.0
6.0
4.2
32.S
-1.7
-1.1
9.3
4.4
34.4
-1.9
1.9
15.6
5.1
33.6
-2.0
-2.4
18.7
4.1
41.o
-2.2
-3.l
26.4
4.4
46.9
-2.4
-6.9
29.6
3.3
54.0
-2.4
-6.0
39.2
4.8
47.0
-2.,
-8.3
41.7
6.3
33.6
-2.8
-11.7
49.2
-3.0 26
-11.2 27
48.5 28
1.1 29
-.6 30
4640.8
5177.6
5818.3
6159.7
6321.S
7104.7
7984.4
19 Total liabilities above
+ Financial assets not
included in borrowing:
20
Other corporate equities
21
HH equity in noncorp. bus.
22
Gold and SDRs
- Floats not incl. in assets:
23
Check. dep.1 U.S. 9ovt.
24
Other
25
Trade cred1t
- Liabilities not allocated
as assets:
26
Treasury currency
27
Interbank claims
28
Secur1 ty RPS
29
Taxes payable
30
Miscellaneous
Totals allocated to sectors
as assets:
31
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
229.5
1.0
26.3
13
14
15
16
17
18
8790.4 10032.0 11497.3 13122.5 14273.2 31
DECEMBER l988
Total Claims
Total Cla1ms
130
Total Financial Assets and Liabilities
VEAR END OUTSTANDINGS, 1982-87
VEAR END OUTSTANDINGS, 1982-87
1982
1983
1984
1985
1986
1987
Credit Market Debt Outstanding
(l)
5623.0
6289 .5
7195.0
8239.8
9367.2 10408. l
4654.6
991.4
3663.2
1625.5
184.5
564.o
965.6
323.7
5204. 3
1177.9
4026.4
1811.6
188.4
645.8
1022.9
357.7
5953.7
1376.8
4577.0
2038.2
187.9
769.0
1196.8
385.1
6797.o
1600.4
5196.6
2314.5
173.4
898.3
1333.5
476.9
7618.l
1815.4
5802.7
2594.2
156.6
1025.9
1505.8
520.2
8301.3
1959.2
6342.l
2836.6
144.9
1141.7
1664. 3
554.7
Total credit mkt. debt
owed by:
D01nstic nonfinan. sectors
U.S. government
Private domestic
H ouseholds
Farm bus1ness
Nonfarm noncorp. bus.
Corporate business
State&local 9overnments
10
11
12
13
14
15
16
17
18
19
209.9
758.4
210.4
178.5
71.8
59.0
75 .9
158.5
3.7
0.6
227.3
857.9
211.8
244.9
76.8
71.0
73.9
171.7
3.5
4.2.
235.l
1006.2
242.2
289.0
84.1
86.6
93.2
193.2
4.3
13.5
236.7
1206.2
263.9
368.9
79.2
101.2
115.5
246.9
5.6
25.0
238.2
1510.8
278.7
531.6
75.6
101.3
145.1
308.1
6.5
64.0
244.3
1862.6
308.2
718.3
82.7
104.2
181.l
357.0
8.l
103.l
Foreign
Financial sectors
Sponsored credit agencies
Mortga9e pools
Commercial banks
Bank affiliates
Savings and loan assns.
Finance co111panies
REITs
CHO Issuers
10
11
12
13
14
15
16
17
18
19
20
5623.0
6289.5
7195.0
8239.8
9367.2 10408.l
922.2
658.5
32.7
96.0
135.0
1076.6
749.l
40.5
116.7
170.4
1244.8
856.l
50.3
140.2
198.2
1516.0
1008.9
55.6
155.6
296.0
1598.3
l007.3
59.8
186.8
344.4
1785.0
1158. 9
64.l
197 .2
364.8
Total credit market assets
held by:
Private dom. nonf1n. sectors
Households
Non farm noncorp. business
Nonfin. corporate business
State & local 9overnments
20
21
22
23
24
25
26
27
224.1
203.1
247.7
212.8
305.6
229.7
367.9
247.6
465.7
254.3
528.2
235.4
28
29
30
31
4273.6
233.7
178.5
144.5
4752.4
237.1
244.9
159.2
5414.9
267.3
289.0
167.6
6108.3
289.0
368.9
186.o
7048.9
302.3
531.6
205.5
32
33
34
35
1477.8
1386.l
5.7
83.l
2.9
1622. l
1522. 7
6.8
86.8
1791.l
1681.4
7 .4
2.8
1978.5
1846.9
11.5
117.l
3.0
37
38
39
40
41
2239.0
808.8
600.5
151.0
57.3
2489.1
944.0
705. l
169.4
69.4
2899.8
1092.8
830.0
178.l
84.7
42
43
44
993.4
456.6
204.5
195.4
137.0
1093.5
509.0
234.4
211.4
138.6
436.9
232.0
2.6
26.3
137.0
38.5
451.6
258.7
2.7
36.0
119.2
30.7
4.2
2
3
4
5
6
7
8
9
36
45
46
47
48
49
50
51
52
53
0.6
5.8
2
3
4
5
6
7
8
9
21
22
23
24
25
Foreign
U.S. government
26
27
7859 .5
325.8
718.3
230.l
Financial sectors
Sponsored credit agencies
Mortgage pools
Monetary authority
28
29
30
31
2173.2
2009.5
8.4
152.0
3.4
2309.6
2108.6
10.3
187.0
3.6
Commercial banking
U.S. commercial banks
Bank affiliates
Forei9n banking offices
Banks in U.S. poss.
32
33
3285.9
1178.4
892.4
187.9
98.l
3836.3
1283.0
964.6
205.3
113.l
4275.7
1434.2
1072.6
230.8
130.9
Private nonbank f1nance
Savinss institutions
Savin9s & loan assns.
Mutual savings banks
Credit unions
37
38
39
40
41
1215.3
563.l
255.7
246.l
150. 3
1364.2
639.2
282.5
269.0
173.5
1546.0
724.5
302.6
300.3
218.7
1756.9
815.9
356.2
326.6
258.l
Insurance
Life insurance cos.
Private pension funds
St.&loc.govt.rtr.funds
Other insurance cos.
591.7
297.l
3.5
54.0
164.2
59.5
13.5
743.4
346.6
1007.3
401.l
5.9
245.8
212.2
78.3
64.0
1084.6
441.6
Finance n.e.c.
Finance compan1es
REITs
Mutual funds
Money market funds
Brokers and dealers
CHO Issuers
99.6
5.9
122.7
178.l
65.1
25.0
6.9
271.6
214.0
47.4
103.1
34
35
36
42
43
44
45
46
47
48
49
50
51
52
53
Cll Excludes corporate equ1 Ues.
Total Liabilities and Their Relation to Total Financial Assets
9367.2 10408.1
Total credit mkt. debt
(from preceding table)
Other 11 ab111ti es:
Official foreign 1xchan9e
Treasury curr. and SDR ctfs.
5623.0
6289.5
7195.0
8239.8
2
3
17.6
16.5
17.6
16.9
18.2
17.5
24.8
18.0
29.l
18.8
24.4
19.2
4
10
2717.7
537.3
1334.3
219.8
395.5
184.5
46.3
2934.3
577.7
1550.9
179.4
382.4
196.4
47.6
3309.4
625.l
1701.6
233.6
469.8
237.6
41.8
3587.7
708.6
1842.7
243.8
487.7
267.4
37.5
3949.l
835.5
1962. 6
292.1
492.7
319.6
46.6
4099.9
839.4
2038.8
316.1
544.2
318.1
43.2
Depos1 ts at financ1al insts. 4
Checkable deposits & curr. 5
6
Sllall time & svgs. dep.
Honey market fund shares
7
Large time deposits
8
Secur1ty RPs
9
Fore1sn deposits
10
11
12
232.8
1179.2
240.8
1392.1
246.0
1532.0
256.7
1801.6
274.2
2057.7
300.3
2248.2
Life insurance reserves
Pens1on fund reserves
12
13
14
15
16
17
18
69.8
522.0
21.7
1019.0
-56.l
76.9
83.4
565.8
29.3
1134.7
-56.6
112.1
87.9
609.4
30.9
1266.2
-43.4
136.7
131.2
656.6
32.8
1405.6
-14.8
240.2
141.1
670.2
36.0
1611.5
11.8
413.5
112.7
710.2
37.1
1813.3
45.8
460.l
Security credit
Trade debt
Taxes payable
Miscellaneous
Interbank cla1ms
Mutual fund shares
14
15
16
17
18
5
6
7
8
9
19 11440.0 12760.0 14405.8 16380.2 18580.l 20279.5
2021.9
2279.9
16.1
2021.5
2237.0
16.7
2584.3
2196.3
18.4
2221.1
19.5
2853.2
2284.9
21.4
- .8
-.5
36.5
-114.0
1.7
39.3
-104.0
2.7
30.3
-102.5
6.0
30.8
-117.5
-3.4
-26.1
39.5
3.7
12.0
-3.5
-20.7
40.0
-3.8
-14.4
30.3
1.2
-32.7
-3.8
-18.9
33.7
0.7
-21.5
-4.0
-23.7
25.6
-2.5
34.6
20
21
22
.1720.9
2229.3
16.4
23
24
25
35.7
-89.1
38.3
-93.8
26
27
28
29
30
-3.2
-17.7
43.5
5.2
-6.4
-2.2
- .2
-36.4
31 15440.8 17108.3 18779.9
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2948.5
21261.5 23848.6 25489.6
Total liabil1t1es above
+ F1nanc1al assets not
included in borrow1ng:
Other corporate equi Ues
HH equity in noncorp. bus.
Gold and SDRs
- Floats not incl. in assets:
Check. d1p.1
U.S. 9ovt.
Other
Trade cred1t
- L1ab1lities not ellocated
as assets:
Treasury currency
Interbank claims
Securitv RPs
Taxes payable
H1scellaneous
Totals allocated to sectors
as assets:
2
3
11
13
19
20
21
22
23
24
25
26
27
28
29
30
31
DECEMBER 1988
Assets and Liabilities of I ndividuals
131
Assets and L1ab1l1ties of Ind1viduals
Assets and Liabilities of Individuals in the U.S. (1)
VEAR END OUTSTANDINGS, 1970-81
VEAR END OUTSTANDINGS, 1970-81
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1963.6
2192.4
2433,8
2355.5
2264.8
2630.1
2969.9
3167.1
3483.9
4006.7
4686.8
4996.7
2
3
4
Checkable deposits & curr.
Time & sav1nss deposits
Honey ■arket fund shares
137.2
427.1
149.5
494.7
161.8
568.3
175.0
631.7
181.2
687.7
2.4
187.3
765.2
3,7
202.9
872.3
3.7
221.9
978.9
3.4
250.2
1078.1
9.4
285.7
1151.6
40.0
299.2
1276.4
64.9
334.4
1348.5
155.6
2
3
4
5
Securities
u.s. savin9s bonds
Other U.S. Treasury secur.
U.S. 9ovt. asency secur.
Tax-exe1Dpt obU 9ati ons
923,3
52,l
32.8
17.9
46,0
1022.7
54.4
23.0
14.0
46.l
1108.8
57.7
21.6
9.8
48.4
925.4
60.4
32.l
10.5
53.7
747.1
63.3
38.9
14.6
61.9
911.3
67.4
55,5
10.1
68.l
1038.3
72,0
54.5
9.6
69.3
1021.8
76.8
66.0
8.7
67.6
1058.6
80.7
82.4
15.4
70.2
1287.7
79.9
125.7
35.3
80.6
1611.6
72.5
148.9
40.2
86.9
1585.5
68.2
184.5
44.8
98.0
5
6
7
8
9
35.6
11.8
44.5
682.7
46.0
8.1
53.0
778.0
49.5
3.6
56.4
862.0
51,2
10.3
43.7
663.6
58.8
17.9
31.8
459.9
67. l
5.7
38.7
598.6
78.3
0.3
41.4
712.9
79.4
14.5
40.4
668.5
75.5
29.5
41.1
663.9
72.3
37.0
44.8
812,2
59.3
40.3
52.1
1111.3
55.9
3C-.1
52.6
1051.4
10
11
12
13
123.3
41.0
112.0
95.2
104.4
129.6
46.1
132.4
106.8
110.5
136.3
52.1
165.3
121.5
119.6
143.5
56,1
161.7
127.9
134 .1
150.5
60.4
158.7
134.1
142. 7
158.5
72.3
225.0
154.7
152.1
167. l
88.7
251.9
175.0
169.9
176.4
103.2
271.7
193.8
195.9
187.3
121.6
326.2
222.4
230.0
197.7
143.5
386. l
246.4
267.9
207.4
172,0
469.6
283.6
302.3
216.3
199.8
486.7
319.7
350.1
14
15
650.3
292.2
117,4
134.0
10.4
17.0
79,2
726.0
317.8
137.8
149.7
13.1
18.0
89.5
832.1
356.7
167.8
168.8
17.5
19.0
102.3
950.0
400.0
175.6
193.5
13.2
21.2
146.5
1049.6
434.4
206.5
202.5
11.4
23.9
170.9
1127,2
473.3
223.4
207.6
12.1
25.5
185.3
1258.5
534.5
240.1
230.4
16,5
26.9
210.1
1451.1
626.0
264.7
267.2
18.9
28.6
245.9
1691.9
735.2
298.2
312.3
21.0
31.2
293.9
1968.2
853.9
356.4
352.8
21.3
35.9
347.9
2180.0
950.3
409.8
355.4
28.5
42.6
393.4
2380.0
1028.9
440.6
372.3
27.5
50.0
460.8
19
20
21
22
23
24
25
Total financial assets
6
7
8
9
10
11
12
13
14
15
16
17
18
Corporate & fore19n bonds
Open-market paper
Mutual fund shares
Other corporate equities
Private life insurance res.
Private insured pension res.
Private noninsured pen. res.
Govt. insurance & pen. res.
Hiscellaneous finan. assets
19 Total liabilities
20
Ht9. debt on nonfar11 homes
Other ■ortsase debt (2)
21
22
Consumer credit
Security credit
23
24
Policy loans
25
Other 11abi 11ti ts (2)
(1)
Combined statement for households, far■ business,
and nonfarm noncorporate business.
(2) Includes corporate far11s.
BILLIONS OF DOLLARS
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
16
17
18
DECEMBER 1988
Assets and L1abilities of Individuals
Assets and Liabilities of Ind1viduals
132
Assets and Liabilities of Individuals in the U.S. (1)
VEAR END OUTSTANDINGS, 1982-87
VEAR END OUTSTANDINGS, 1982-87
1982
1983
1984
1985
1986
1987
Total f1nanc1al assets
5566.2
6290.9
6887.8
7995.l
8874.6
9316.0
2
3
4
360.3
1459.6
189.4
394.8
1658.3
158.4
421.5
1879.8
202.4
457.1
2005.5
214.5
551.2
2102.9
248.7
567.7
2201.5
277.6
Checkable doosits a cur-r-.
Time & savin9s deposits
Honev mar-ket fund shar-es
2
3
4
5
6
7
8
9
1775.8
68.3
230.9
46.4
120.2
2049.2
71.5
292.8
35.6
157.8
2174.2
74.5
357.8
53.9
183.2
2775.4
79.8
396.4
81.5
223.2
3093.3
93.3
378.8
79.8
206.8
3186.4
101.1
�29.2
140.4
249.8
Secur-ities
U.S. savin9s bonds
Other- U.S. Tr-easurv secur.
U.S. govt. agencv secur.
Tax-exempt obl19at1ons
5
6
7
8
9
10
11
12
13
53.5
16.2
66.7
1173.4
45.4
25.0
98.0
1323.2
44.5
19.6
117. 7
1323.1
47.6
58.7
203.0
1685 .3
80.l
47.1
356.8
1850.6
85.3
73.9
409.1
1697.8
14
15
16
17
18
223.3
242.9
575.8
370.0
369.1
231.1
286.4
68:?.5
432.9
397.4
236.1
331.6
713.9
496.5
431.9
246.5
400.0
848. l
563.7
484.2
263.7
476.9
941.8
649.4
546.6
289.5
538.9
999.7
720.4
534.4
19
20
21
22
23
24
25
2557.1
1074. 7
505.8
388.7
30.3
54.2
503.4
2855.0
1195. l
569.7
437.7
39.7
55.2
557.6
3227.5
1331.2
653.0
519.3
37.3
55.6
631.0
3656.4
1485.4
748.l
601.8
56.8
55.5
708.8
4071.3
1694.8
840.4
656.2
65.0
55.4
759.7
4420.3
1903.5
923.3
696.9
49. 7
55.3
791.6
Cor-por-ate a for-e19n bonds
Open-market paperMutual fund shar-es
Other- corpor-ate equ1 ties
10
11
12
13
Private life insurance res.
Private insured pension res.
Private noninsured pen. res.
Govt. insurance & pen. res.
Miscellaneous f1nan. assets
14
15
16
17
18
Total liabilities
Ht9. debt on nonfar111 homes
Other mor-t9a9e debt (2)
Consumer credit
Securi tv credit
PoUcv loans
Other liabilities (2)
Cl> Combined statement for households, far• business,
and nonfarm noncorporate bus1ness.
(2 > Includes corpor-ate far■s.
BILLIONS OF DOLLARS
FRB 1-0189-1000
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
19
20
21
22
23
24
25
@FedFRASER