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Z.l
December 1985
Flow of Funds
1985: Q3
Flow of Funds Accounts,
Third Quarter 1985
Seasonally Adjusted and Unadjusted
Board of Governors of the Federal Reserve System, Washington, D.C. 20551
CONTENTS
i—
Information Status for Preliminary Estimates
Debt Aggregate Growth Rates
SUMMARY TABLES
1
2
4
Income and Product Distribution
Funds Raised in Credit Markets
Credit Market Supply of Funds
SECTOR TABLES
6
8
10
12
14
16
18
20
22
24
26
Households
Total Nonfinancial Business
Noncorporate Business
Nonfinancial Corporate Business
State+Local Governments
Foreign
U.S. Government + Credit Agencies
Banking System
Commercial Banking Subsectors
Nonbank Finance
Savings Insitutitons
Insurance + Pension Funds
Finance N.E.C.
TRANSACTION TABLES
28
30
32
34
,,3:
40
42
44
,,4I
50
52
54
Monetary and Insurance Reserves
Interbank Claims
Deposit Claims
U.S. Government Securities
Private Securities
Mortgages
Consumer Credit and Bank Loans N.E.C.
Open Market Paper
Other Loans
Security Credit, Trade Credit, and Taxes
Miscellaneous
Total Claims
Savings by Individuals
Discrepancies
Flow of Funds Accounts
Third Quarter 1985
The tables published here include revisions for the first and second
quarters of 1985 from the version published in September, but for 1984 and earlier
years the estimates are unchanged from then. The revisions for the first half
of 1985 reflect bank, data, corporate working capital estimates, pension fund
reports, and other kinds of information that become available more slowly.
Preliminary estimates. Figures shown for the most recent quarter
in these tables are based on preliminary and incomplete information and are
therefore only tentative. At the end of this preface is a list of the principal
sources of information that were available in putting together the quarter on
this preliminary basis, and the significance of individual items in the tables
should be judged on the basis of the list. The list is summary in form and is
by no means a complete statement of sources of data or of derivation methods.
Because much of the source information consists of sector balance sheets or
statements of activity, the list is organized mainly in terms of sectors. For
nonfinancial activity included in the accounts, however, such as sector income
and capital outlays, the Commerce-Department's income and product accounts are
the principal source, and this part of the system is included separately at the
beginning of the list.
The items that are shown as available are in general also preliminary
in the sense that they are subject to revision once a year on the basis of
benchmark data. "Available" for them means that the basic quarterly estimates
have been completed in a form that will usually stand until the next annual
revision. Virtually all quarterly data sources are compiled within five or six
months of the end of the quarter, and the distinction between the two columns
is not between final and preliminary versions of data but rather between those
source estimates that are fully ready when the first quarterly estimate is put
together and those that are not yet completed.
Availability. This publication is part of the quarterly series that
is usually available near the end of the second month following the last quarter
reported and that is distributed to a mailing list. The process of printing
and mailing causes delays of up to two weeks from the time the estimates are
completed. To facilitate earlier access in the meantime, copies of the computer
printouts are distributed to Federal Reserve Bank information offices for use
by the public.
The current quarterly tables are an extension of a body of data
that begins in 1946 in annual form and in 1952 quarterly. Annual-total flows
and year-end outstandings were most recently published in Flow of Funds Accounts,
1949—78 (December 1979). That publication is superceded however, by historical
revisions that first appeared in the August 1981 publication in this quarterly
series. A replacement volume, likely covering 1949 to 1968, will appear in the
near future and a second for the 1969 to 1984 period is planned for later in 1986.
- i -
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 for the entire data base in the accounts may be
obtained from the National Technical Information Service, 5285 Port Royal
Road, Springfield, Virginia 22161.
Requests and inquiries about the data and historical tabulations
should be addressed to:
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
ii -
Information Status for Preliminary Estimates
1.
National income and product
accounts
Major items missing
Available
NONFINANCIAL—
Second quarterly estimate, seasonally
adjusted
Seasonally unadjusted data.
FINANCIAL—
for this sector are almost entirely residual and derived from data
sectors. Availability is thus dependent on schedules for other
Principal types of borrowing—mortgages and consumer
in time for first quarterly estimates.
2•
Households
Estimates
for other
sectors,
available
3•
Farms
Bank loans. For sponsored agency
loans, see item 9 below.
U.S. Government loans.
below.
4.
Nonfarm noncorporate business
Bank and finance company loans,
mortgage borrowing, open-market
paper
Net trade debt
5.
Nonfinancial corporate business
For preceding quarter: working
capital, net security issues,
foreign direct invetment. For
current quarter: gross security
offerings, mortgages, bank loans,
open-market paper, finance company
loans•
Working capital, U.S. Government
loans
6.
State and local governments
Gross security offerings, deposits
at banks, two months of quarter
for Government security holdings
Security retirements, last month
of quarter for holdings for
Government securities
7.
Rest of the world (U.S.
(International Transactions)
Current
reports
Current
capital
quarter complete except for
by U.S. nonbanking concerns.
quarter for bank-reported
movements.
- iii -
See item 9
Claims and liabilities of U.S.
nonbanking concerns for two quarters
Major items missing
Available
FINANCIAL—
Monthly Treasury Statement of Receipts
and Outlays for last month of quarter,
Federal Financing Bank Statement
Loans outstanding except at Federal
Financing Bank
Sponsored credit agencies
Balance sheets for FNMA, Home Loan
Banks, Farm Credit Administration
securities outstanding. FCA loans
for most recent June or December
FCA loans for March and September
10.
Mortgage pools
Complete
None
11.
Monetary authorities
Complete
None
12.
Banking
All-bank totals for preceding quarter,
current-quarter Indicators for banking
and monetary estimates through last
month of current quarter.
Recent all-bank totals
13.
Savings and loan associations
Last month of quarter on summary
luontuly bob is
Detailed balance sheets and liquidity
8.
9.
U.S. Government
b tateLubii Ls
14.
Mutual savings banks
Complete
None
15.
Credit unions
Deposit flows and consumer credit
Other assets
16.
Life insurance companies
One month of quarter
Last two months
17.
Private Pension Funds
Complete
None
18.
State and local government
retirement system
Preceding quarter
Current quarter
19.
Other insurance companies
Preceding year
Current year
iv -
FINANCIAL—
Available
Major items missing
20.
Finance companies
Complete
None
21.
REIT’s
Preceding year
Current year
22.
Investment companies and
money market funds
Complete
None
23.
Security brokers and dealers
Borrowings
Asset8
- v
DECEMBER 6, 1985
NONFINANCIAL DEBT
NONFINANCIAL DEBT
GROWTH OF MAJOR DEBT AGGREGATES BY SECTOR
----------------------------------------------- DOMESTIC NONFINANCIAL SECTORS ---------------------------------------------------- HOUSEHOLDS --------- NONFINANCIAL BUSINESS STATE 8
U.S.
PVT.
HOME CONSUMER
LONG SHORT
LOCAL
TOTAL
GOVT.
NONFIN TOTAL
MTGES CREDIT
TOTAL
TERM TERM
GOVTS
FOREIGN
TOTAL
NONFINANCIAL
MEMO:
PRIVATE
FINAN.
ASSETS
ANNUAL CHANGE (PER CENT)
1973
1974
1975
1976
1977
10.8
9.1
9.2
10.6
12.6
2.4
3.4
23.7
15.5
11.0
12.9
10.4
6.2
9.5
13.0
13.2
8.2
7.4
11.7
16.1
13.0
9.4
9.2
12.7
16.7
13.7
4.9
4.5
11.4
16.2
14.3
13.3
5.2
8.3
12.1
10.6
10.2
9.1
8.7
10.7
21.8
19.1
-1.3
7.4
14.7
7.1
7.6
5.9
6.0
5.1
10.5
22.4
14.2
21.2
12.2
10.8
9.6
9.4
11.0
12.6
11.6
8.3
9.6
10.5
10.4
1978
1979
1980
1981
1982
13.0
12.2
9.5
9.5
9.3
9.4
6.0
11.9
11.8
19.4
13.9
13.7
8.9
9.0
6.9
17.1
15.6
8.8
8.2
5.8
17.8
16.9
11.3
7.9
4.9
16.9
13.4
1.2
6.0
5.0
12.5
13.3
9.7
11.1
7.7
10.0
9.4
8.7
7.7
7.3
17.1
20.1
11.2
16.5
8.2
6.7
6.7
6.2
2.3
8.5
27.2
12.5
14.9
13.0
6.6
13.6
12.2
9.8
9.7
9.2
11.0
11.3
9.4
11.1
9.2
1983
1984
11.5
14.5
18.8
16.9
9.6
13.8
11.5
13.5
10.4
11.8
14.2
20.1
7.3
14.4
8.9
12.3
5.1
17.6
11.4
12.2
8.3
.7
11.4
13.9
11.4
13.5
QUARTERLY GROWTH RATES (X - !SAAR)
1983 — I
II
III
IV
9.9
11.6
10.7
12.1
21.1
22.5
15.0
12.0
6.8
8.6
9.5
12.1
8.1
10.6
11.7
13.9
7.0
9.3
11.3
12.4
8.1
12.6
12.9
20.5
5.6
5.5
7.4
10.1
8.5
9.2
8.7
8.1
1.6
.1
5.5
13.1
6.8
14.8
9.3
12.9
3.9
9.5
5.7
13.4
9.6
11.5
10.5
12.1
10.8
10.9
10.4
11.9
1984 — I
II
III
IV
12.7
13.9
12.7
15.9
14.7
14.1
15.4
19.4
12.1
13.8
11.9
14.8
11.7
14.8
11.8
13.3
11.3
12.5
10.8
10.7
16.4
25.1
17.0
16.5
13.6
14.6
11.5
15.0
8.2
11.3
12.1
15.6
21.7
19.4
10.8
14.2
6.5
5.0
14.0
21.5
-2.6
21.5
-15.0
-.2
12.0
14.2
11.5
15.2
11.3
14.2
11. &
14.4
1985 — I
II
III
11.3
12.4
11.7
10.5
15.4
11.3
11.6
11.5
11.8
12.6
12.6
13.2
9.9
10.5
10.8
21.0
18.5
18.1
9.9
8.8
7.5
10.8
11.8
10.0
8.8
4.3
3.8
14.8
19.2
26.1
-3.3
-2.5
2.4
10.8
11.8
11.4
10.7
8.7
10.0
- vi -
DECEMBER 6, 1985
NONFINANCIAL DEBT
NONFINANCIAL DEBT
GROWTH OF MAJOR DEBT AGGREGATES BY SECTOR
TOTAL
U.S.
GOVT.
PVT.
NONFIN
DOMESTIC NONFINANCIAL SECTORS ---------------------------------------------------- HOUSEHOLDS --------- NONFINANCIAL BUSINESS STATE &
HOME CONSUMER
LONG SHORT
LOCAL
MTGES CREDIT
TOTAL
TERM TERM
GOVTS
TOTAL
FOREIGN
TOTAL
NON
FINAN
CIAL
MEMO:
PRIVATE
FINAN.
ASSETS
ANNUAL FLOWS ($BILLIONS)
1973
1974
1975
1976
1977
187.7
175.3
193.0
243.5
319.4
8.3
11.8
85.4
69.0
56.8
179.4
163.5
107.6
174.5
262.6
78.1
54.8
53.5
91.5
140.7
46.5
38.0
40.6
61.4
90.8
24.3
9.9
9.6
25.4
40.2
88.5
94.1
41.8
69.8
110.0
43.8
46.7
45.8
48.2
64.0
44.7
47.4
-4.0
21.6
46.0
12.8
14.6
12.3
13.2
12.0
6.3
15.0
11.3
19.3
13.5
194.0
190.3
204.4
262.8
332.9
142.1
113.5
141.6
170.7
185.5
1978
1979
1980
1981
1982
371.7
388.7
340.0
371.6
398.3
53.7
37.4
79.2
87.4
161.3
318.0
351.3
260.8
284.2
237.0
173.4
181.0
117.9
119.2
90.4
112.9
123.0
95.4
74.4
49.5
48.8
45.4
4.7
22.7
20.1
128.1
152.7
125.7
158.3
120.8
66.7
69.1
69.6
67.1
67.8
61.4
83.6
56.1
91.2
52.9
16.5
17.6
17.2
6.8
25.9
33.8
20.2
27.2
27.2
15.7
405.5
408.9
367.2
398.8
414.0
218.4
246.5
227.6
294.8
270.1
1983
1984
538.9
755.6
186.6
198.8
352.3
556.8
190.4
249.5
110.1
138.5
59.8
96.5
124.3
262.4
88.6
133.9
35.7
128.5
37.6
45.0
18.9
1.7
557.8
757.4
367.2
484.5
QUARTERLY NET FLOWS ($B - SAAR)
1983 — I
II
III
IV
460.9
556.6
528.3
609.6
209.6
234.5
165.2
136.9
251.4
322.1
363.1
472.7
133.6
178.5
202.3
247.4
73.9
100.9
124.4
141.1
34.2
54.0
57.1
93.8
95.5
93.8
128.5
179.4
84.4
93.3
90.3
86.2
11.0
.5
38.1
93.1
22.3
49.8
32.4
46.0
8.9
21.6
13.2
31.8
469.8
578.2
541.6
641.4
345.2
358.4
350.6
414.6
1984 — I
II
III
IV
661.0
747.0
704.7
909.9
173.5
171.9
194.9
254.9
487.5
575.1
509.8
655.0
215.5
280.9
232.1
269.3
132.7
150.4
134.5
136.6
78.8
125.4
90.2
91.5
248.1
275.3
224.8
301.4
89.1
125.6
137.5
183.4
159.0
149.8
87.3
118.0
23.9
18.8
52.9
84.3
-6.5
52.3
-38.5
-.4
654.5
799.3
666.2
909.4
404.9
521.7
447.9
563.3
1985 -- I
II
III
675.5
760.4
742.2
144.1
218.1
166.4
531.4
542.4
575.8
263.5
272.6
295.3
129.0
141.3
148.7
121.3
112.1
115.2
206.8
187.6
163.7
131.3
149.5
130.3
75.5
38.1
33.4
61.1
82.2
116.8
-8.0
-6.1
5.8
667.5
754.3
748.0
435.8
360.7
425.1
vii
DECEMBER 6, 1985
NONFINANCIAL DEBT
NONFINANCIAL DEBT
GROWTH OF MAJOR DEBT AGGREGATES BY SECTOR
TOTAL
-------------------- DOMESTIC NONFINANCIAL SECTORS ------------------------------------ HOUSEHOLDS --------- NONFINANCIAL BUSINESS STATE 8
U.S.
PVT.
HOME CONSUMER
LONG SHORT
LOCAL
NONFIN TOTAL
MTGES CREDIT
GOVT.
TOTAL
TERM TERM
GOVTS
'b
FOREIGN
TOTAL
NON
FINAN
CIAL
memo:;
PRIVATE
FINAN.
ASSETS
YEAR--END OUTSTANDINGS <$ BILLIONS)
1973
1974
1975
1976
1977
1919.1
2094.2
2288.8
2532.6
2854.1
349.1
360.8
446.3
515.8
572.5
1570.1
1733.4
1842.6
2016.9
2281.5
670.9
725.5
778.8
871.2
1012.2
404.5
442.3
482.9
544.3
635.1
203.7
213.6
223.2
248.6
289.1
705.9
800.0
843.5
912.2
1023.9
456.9
503.4
551.0
599.2
664.9
249.0
296.6
292.6
313.0
358.9
193.3
207.9
220.2
233.5
245.5
67.0
79.8
91.2
110.6
123.9
1986.2
2174.0
2380.0
2643.2
2978.0
1364.0
1479.2
1620.5
1791.17
1977.8
1978
1979
1980
1981
1982
3198.8
3582.0
3909.5
4280.5
4669.2
626.2
663.6
742.8
830.1
991.4
2572.6
2918.5
3166.8
3450.3
3677.9
1161.9
1338.0
1446.4
1570.4
1654.3
725.8
844.8
940.2
1019.3
1060.9
337.9
383.4
376.1
398.9
420.8
1148.7
1300.8
1423.5
1576.3
1693.9
732.6
801.9
871.5
933.4
997.5
416.1
498.9
551.9
642.9
696.4
262.0
279.6
296.9
303.6
329.6
161.9
182.4
209.6
236.9
226.3
3360.7
3764.5
4119.1
4517.4
4895.6
2172.7
2414.2
2645.5
2940.6
3207.3
QUARTERLY OUTSTANDINGS, SEASONALLY ADJUSTED
1983 — I
II
III
IV
4784.5
4923.6
5055.7
5208.1
1043.8
1102.4
1143.7
1177.9
3740.7
3821.2
3912.0
4030.2
1687.7
1732.4
1782.9
1844.8
1079.3
1104.6
1135.7
1171.0
429.4
442.9
457.2
480.6
1717.8
1741.2
1773.4
1818.2
1018.6
1041.9
1064.5
1086.1
699.2
699.3
708.8
732.1
335.2
347.6
355.7
367.2
228.6
233.9
237.2
245.2
5013.0
5157.6
5293.0
5453.3
3294.3
3386.2
3472.1
3578.S
1984 — I
II
III
IV
5373.5
5558.9
5735.6
5963.1
1221.3
1264.3
1313.0
1376.8
4152.2
4294.6
4422.6
4586.3
1898.8
1968.1
2026.6
2094.0
1204.1
1240.8
1274.4
1308.5
500.3
531.7
554.2
577.1
1880.2
1948.6
2004.8
2080.1
1108.4
1139.3
1173.7
1219.5
771.9
809.3
831.1
860.6
373.2
377.9
391.1
412.2
243.0
256.1
246.4
246.3
5616.5
5815.0
5982.0
6209.4
3678.6
3809.4
3921.0
4060.5
1985 — I
II
III
6147.3
6337.5
6523.1
1412.8
1467.3
1508.9
4734.5
4870.2
5014.2
2163.5
2231.7
2305.6
1344.6
1379.9
1417.1
607.4
635.4
664.2
2143.6
2190.5
2231.4
1264.1
1301.5
1334.0
879.5
889.0
897.4
427.4
448.0
477.2
244.3
242.8
244.2
6391.6
6580.3
6767.3
4159.2
4249.5
4355.7
viii
DECEHB2B 6, 1985
Incoae and Product Distribution
Incoae and Product Distribution
Incoae and product Accounts:
GDP Expenditures and Gross Saving
SEASONALLI ADJOSTBD ANNOAL BATES
SEASONALLI ADJOSTED ANNOAL BATES
1980
1981
1982
1983
1984
1
1
1984
III
II
17
1
1
I
1985
II
III
1
2631-7
2957.7
3069.3
3304. 8
3662.8
3644.7
3694.6
3758.7
3810.6
3853. 1
3915.9 Total GNP
1
2
3
4
5
6
2205.9
1668.1
214.7
340.8
197.0
2445.6
1849.1
235.4
367.6
228.9
2635.4
1984.9
245.1
391.5
258.9
2841.4
2155.9
279.8
415.8
269.7
3089.2
2341.8
318.8
452.0
295.4
3076.4
2332.7
320.7
447.4
296.4
3122.4
2361.4
317.2
458.9
302.0
3177.0
2396.5
326.3
464.8
315.7
3238.4
2446.5
334.8
472.0
319.9
3303.9
2493.0
339.2
486.7
324.2
3388.4 Current outlays
Bouseholds
2539.0
Of which consuaer durables
356.8
State and local governaents
498.8
O.S. Goveraaent
350.6
2
3
4
5
6
7
8
9
10
11
12
13
401.9
411.7
102.9
4.5
75.0
75.2
1.8
484.2
458.1
104.3
4.9
74.6
76.7
1.3
414.9
441.0
91-4
4.8
62.1
59.5
1.5
471-6
485.1
132-2
6.3
94.7
86.8
1-0
637.8
579.6
153.9
6.7
108.3
106.4
1.1
627.0
576.4
155.6
6.7
111.6
107.3
1.0
662.8
591.0
155.3
6.7
107.2
109.3
1-2
637.8
601.1
153.5
6.8
105.9
106.7
1.0
646.8
606.1
155.2
6.4
109.7
106.7
1.0
643.2
625.3
158.0
6.7
113.0
110.3
14
15
16
-2.0
-1.0
-1.0
-3.4
-1-7
-1.7
1.1
.5
-5
6.9
3.5
3.5
.8
.4
.4
3.2
1.6
1.6
-3.4
-1.7
-1.7
-1.8
-.9
-.9
1.9
1.0
1.0
1.9
1.0
1.0
17
18
19
20
21
23.4
20.6
.2
2.6
*
24.8
14.4
7.8
2.6
*
24.4
10.9
11. 1
2.3
.1
31.2
15.0
12-3
3.9
♦
38.9
18.9
14.8
5.2
.1
37.3
18-5
13-9
4.8
.1
41.5
19.3
16.6
5.5
.1
40.8
20.5
14.7
5.6
. 1
39.1
21.4
12.4
5.3
*
38.3
22.4
10.8
5.1
•
42.9
23.4
14.0
5-4
*
22
23
24
25
26
27
308.8
8.6
18.7
50.0
13.7
217.8
353.9
9-8
18.3
61.3
16.0
248.5
349.6
11-9
14.7
65.7
17. 1
241.1
352.9
12.4
14.2
62.9
19-2
244.3
425.7
13.9
13.1
69.5
21.3
307.9
420.8
13.7
12.9
68.5
. 21-0
304.7
435.7
14.1
12.6
71.0
21.6
316.3
447.7
14.5
13. 1
71.6
22.1
326.4
450.9
14.9
12.5
74.0
20.6
328.9
467.3
15.3
14.5
73.5
21.2
342.9
468.6
15.7
14.8
74.8
19.7
343.6
28
29
30
31
32
-9.8
-5.3
-4.5
-1.3
-3.2
26.0
7.8
18.2
1.2
17.0
-26. 1
-2. 1
-24.0
-1.8
-22. 1
-13.5
-10.4
-3. 1
*
-3.1
58.2
8.6
49.6
3.2
46.4
50.6
3-5
47.0
4.2
42.8
71.8
8.1
63.7
3.3
60.4
36.6
9.4
27.2
2.2
25.0
40.7
6.6
34.1
-.3
34.4
17.9
6.5
11.4
.5
10.9
-.3
.6
-.9
-1.8
.9
33
34
35
23.9
338.8
314.8
28.0
369.9
341.9
19.0
348.4
329.4
-8.3
336.2
344.4
-64.2
364.3
428.5
-58.7
362.4
421. 1
-90.6
368.6
459.3
-56.0
367.2
423.2
-74.5
360.7
435.2
-94.0
347.7
441.6
36
37
38
1828.9
110.2
6.0
2041.7
137.4
6.7
2180.5
136-0
6.2
2340.1
118. 1
5.0
2576.8
156. 1
6.1
2554.3
144. 8
5.7
2606.4
164. T
6.3
2644.5
163.0
6.2
2654.8
118.6
4.5
39
40
-61.2
30.6
-64.3
37.6
-148.2
32.9
-178.6
44. 1
-175.8
52.9
-163.7
54.5
-180.6
47.6
-197.8
55.6
-165.1
53.7
41
42
43
44
45
234.6
-4
29-9
26.9
177.4
221.2
.1
24.4
19.5
177.2
165.5
-.2
22.4
19.6
123.7
203.2
-. 1
24.8
29.6
148.9
235.7
-.1
23-0
27.8
185.0
246.0
21.3
28.9
195.9
224.8
-.1
24.3
26.6
173.9
228.7
-. 1
20-7
27-1
181.0
222.3
-.1
20.7
28.0
173.7
46
47
48
49
84.8
.3
17.8
66.7
81-1
.3
17.3
63. b
60.7
16.4
44.3
75.8
*
17.8
58-0
89.8
18.6
71.2
95.8
*
18.6
77.2
83. 1
*
18.7
64.3
87.7
*
19.0
68.7
85.3
*
18.7
66.6
83.6
*
20.0
63.6
50
51
52
53
54
55
58.6
-2
-3.3
61.7
43.5
18.2
66.5
.3
-1.5
67.6
53.1
14.5
69.2
.4
-.2
69.0
56.5
12.6
72.9
-4
-3
72.2
62.4
9.9
80.5
.4
.6
79.5
70-5
8.9
79.9
.4
.6
79.0
69.9
9. 1
81.3
.4
.7
80.2
70.5
9.7
83.1
.4
-9
81.8
76.3
5.5
84.5
.4
1.0
83.1
72.8
10.3
56
57
58
59
60
61
62
91-2
-.1
12.5
11.7
67.2
49-0
18.2
73.5
-.5
3.7
9.9
60.5
46.0
14.5
35.6
-.6
3.4
9.8
22.9
10. 4
12.6
54.5
-.5
11.6
14.9
28.5
18.6
9.9
65-4
-.5
8.5
14. 1
43.2
34.3
8.9
70.2
-.5
9.7
12.2
48.8
39.8
9- 1
60.3
-.5
7.2
14.6
39.0
29-3
9.7
58-0
-.5
7.2
15-2
36. 1
30.6
5.5
63
64
65
66
-16.3
-.3
-1-7
-14.3
-7.6
-.3
-1.4
-6.0
3. 1
*
-1.0
4.0
33.2
.4
-.2
33.0
55-7
.8
-2
54.7
52.3
.7
.2
51.4
58.3
.8
.3
57-2
67
68
69
70
71
72
73
74
75
293.2
44.1
7-2
16.4
46.2
179.3
9.3
2.2
167.8
330.3
48.5
7.8
18.1
53.2
202.6
10.6
2.5
189.5
358.8
51. 1
8.3
19.2
58.4
221.8
12.0
2.7
207. 1
377. 1
53.2
8.9
19.6
64.2
231.2
13.2
2.8
215.2
403.3
57.4
9.6
20.0
70.0
246.2
15.0
2.8
228.5
400. 0
56.7
9.5
20.0
69.7
244. 1
14. 8
2.8
22b. 5
76
77
182.0
475.1
196.3
526.6
209.6
568.5
218.3
595.4
233.6
636.9
«
-8
631.5 Gross doaestic investaent
Private fixed investaent
631.8
Besidential construction
163.2
6.9
Hobile hones
113.4
1-4 Faaily structures
Household purchases
111.2
1.7
Fara
Change in wort ia
process on nonfara
.6
Noncorporate
.3
.3
Corporate
Hulti-faaily units
Bouseholds (1)
Noncorporate business
Nonfin. corp, business
Beits
Nonres. plant * eguipaent
Nonprofit inst. (HH)
Fara
Nonfara noncorp. bus.
Financial corporations
Nonfin. corp, business
Inventories
Fara
Nonfara
Noncorporate
Corporate
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
2726.5
139.4
5.1
2710.7 Disposable personal incoae
73.8 Personal saving
2.7 Saving rate (per cent)
36
37
38
-214.1
50.3
39
-200.9 Federal governaent surplus
49.6 St. ♦ local governaent surplus 40
Corporate profits* taxes* aad dividends:
232.6
Profits - total
221.0
-. 1
Faras
-.1
22.8
Foreign
24.3
Financial corporations
33.0
33.2
175-6
Nonfin. corporate business
165. 1
41
42
43
44
45
88.2
*
19.5
68.7
Tax accruals - total
Faras
Financial corporations
Nonfin. corporate business
46
47
48
49
85.6
.4
1.0
84.2
83.4
.8
86.4
.4
1. 1
84.9
77.2
7.7
Dividends - total
Faras
Financial corporations
Nonfin. corporate business
Net dividends paid
♦ Net fgn. div. received
50
51
52
53
54
55
52.5
-.5
8.4
10.4
34.3
24.0
10.3
51.8
-.5
12.2
22.0
18. 1
17.3
.8
58.3
12.5
16.6
29.7
22.0
7.7
Undist. profits - total
Faras
Financial corporations
Foreign
Nonfin. corporate business
Doaestic undist. prof.
♦ Net fgn. ..div- received
56
57
58
59
60
61
62
64.5
-9
.4
63.2
69.1
1.1
.4
67.6
75.0
1.2
.6
73.2
81.4
1.4
.7
79.3
Cap. cons, adjust. - total
Faras
Financial corporations
Nonfin. corporate business
63
64
65
66
406.9
58.0
9.7
20.1
71.0
248.1
15.2
2.8
230.1
414.4
58.9
9.9
20.2
72.5
252.8
15.7
2.8
234.3
421.0
61. 1
10.1
20.3
72.2
257-4
16.2
2-8
238.3
427.7
63.1
10.3
20.4
72.3
261.6
16.7
2.8
242. 1
437.5 Total capital consunption
Owner-occupied hones (HH)
64.2
10.5
Nonprofit institutions (HH)
20.6
Fara noncorporate
Nonfara noacorp. business
75.5
266.8
Total corporate
Financial business
17.3
Corporate faras
2-8
Nonfin. corporate business
246.7
67
68
69
70
71
72
73
74
75
231.3
631.3
235.8
642.7
239.3
653.7
243.5
664.6
247.3
675.0
Heao: Cap. cons, on consuaer
durables not included above 76
251-3
688.8 Tot. cap. cons. incl. durables 77
-.1
2-3
5.6
-.5
.5
-7.4
-9.0
-13.0
-9.9
-8.1
-13.7
79
80
36.1
15.5
36.7
16.0
36.7
15.6
37.3
14.7
38.1
14.5
39.0
14.4
37.0
14.5
38.3
14.6
38.4
15.6
37.8
14.1
-.5
-8.9 Statistical discrepancy
78
37.9 Profit tax rate (per cent)
15.2 Personal tax rate (per cent)
79
80
(1) Purchases of condoniniun units.
14
15
16
-104.0 Net exports
346.8
Exports
450.8 - Iaports
78
BILLIONS OF DOLLABS.
7
8
9
10
11
12
13
III/85 BASED ON INCOHPLETE INFOBHATION
DECEHBEB 6, 1985
Funds Baised in Credit Harkets
Funds Baised in Credit Harkets
Sunnary of Net Funds Baised in Credit and Eguity Harkets
UNADJUSTED HEX FLOWS($ HILL)
UNADJUSTED NET FLOWS($ HILL)
I
1
1984
III
II
IF
J
1
I
1985
II
III
BILLIONS OF DOLLABS
197b
1977
1978
1975
1979
Net credit Harket Borrowing by Nonfinancial Sectors
1
Total net borrowing by doaestic
nonfinancial sectors
187,457 186,100 239,430 140,792 195,794 194,754
2
3
4
U.S. Governaent
Treasury issues
Agency issues * aortgages
5
Private doaestic
nonfinancial sectors
31,166
31,202
-36
54,048
54,083
-35
64,161
64,183
-22
41,827
41,866
-39
45,223
45,252
-29
46,055
46,074
-19
193.0
243.5
319.4
371.7
388.7
1
85.4
85.8
-.4
69.0
69- 1
-. 1
56.8
57.6
-.9
53.7
55. 1
-1.4
37.4
38.8
-1.4
2
3
4
98,965 150,571 148,699
107-6
174.5
262.6
318.0
351.3
5
6
7
8
9
10
11
12
13
Debt capital instruaents
Xax-exeapt obligations
Corporate bonds
Hortgages
Boae aortgages
Hulti-faaily resid.
Coaaercial
Fara
81,310
11,730
6,257
63,323
39,969
4,874
17,479
1,001
86,562
17.877
12.531
56,154
35,225
2,367
17,773
789
99,743
30,904
18,906
49,933
32,840
3,704
13,473
-84
70,184
12,702
13,361
44,121
29,624
4,811
9,840
-154
99,166 103,962
28,630 35,926
15,741
14,565
54,795 53,471
37,814 39,164
2,687
3,223
14,823
13,212
-529 -2,128
100-9
16. 1
27-2
57.6
42.0
11.0
4.6
123.6
15.7
22.8
85.1
63.9
3-9
11.6
5.7
171. 1
21.9
22.9
126.3
94.0
7. 1
18. 1
7. 1
201.6
28.4
21.1
152. 1
113.6
9.4
21.9
7.2
213-9
30.3
17.3
166.2
121.7
8.3
24.4
11.8
6
7
8
9
10
11
12
13
14
15
16
17
18
Other debt instruaents
Consuaer credit
Bank loans n.e.c.
Open-aarket paper
Other
74,981
31,109
24,761
13,419
5,692
45,490
27,680
6,844
6,515
4,451
75,526
30,279
30,404
-1,819
16,662
28,781
14,158
-1,744
3,689
12,678
51,405
29,798
11,618
6,134
3,855
44,737
34,740
6,114
1,395
2,488
6.7
9.6
-10.4
-2.6
10. 1
50.9
25. 4
4.5
4.0
16.9
91.6
40-2
27. 1
2.9
21.3
116.5
48.8
37.4
5.2
25. 1
137.5
45.4
51.2
11. 1
29.7
14
15
16
17
18
19
20
21
22
23
24
25
By borrowing sector:
State*local governaents
Households
Nonfinancial business
Fara
Nonfara noncorporate
Corporate
98,965 150,571 148,699
9,496 23,395 28,678
50,215 67,842 79,012
39,254 59,334 41,009
-3,606
2,966 -1,123
11,903 21,934
18,372
30,957 34,434 23,760
107.6
12.3
53.5
41.8
8.5
12-5
20.9
174.5
13.2
91.5
69.8
10.2
15-4
44.2
262.6
12-0
140.7
110.0
12.3
28.0
69.7
318.0
16.5
173.4
128.1
14.6
32.8
80.6
351.3
17.6
181.0
152.7
21.4
35. 3
96.0
19
20
21
22
23
24
25
1,233
1,380
-1,898
1,382
369
11.3
6.2
2.0
.3
2.8
19.3
8.6
5.6
1.9
3.3
13.5
5. 1
3.1
2.4
3.0
33.8
4.2
19. 1
6.6
3.9
20.2
3.9
2.3
11.2
2.9
26
27
28
29
30
200,174 176,659 239,025 139,818 193,754 195,987
204.4
262.8
332.9
405.5
26 Fgn. net borrowing in U.S.
27
Bonds
28
Bank loans n.e.c.
29
Open-aarket paper
30
U.S. Governaent loans
31 Total doaestic plus foreign
156,291 132,052 175,269
156,291 132,052 175,269
13,041
23,736
7,517
68,033
62,888 76,990
56,123 74,543
80,741
3,912
2,311 -3,526
18,752
19,048
26,866
49,963 35,060 59,021
12,717
814
-1,950
12,730
1,123
-405
2,932
-2,235
-1,484
382
-9,441
590
-3,376
-7,577
922
-974
584
-2,029
-34
505
-2,040
1,994
-446
-4,371
783
V
408.9 31
Net Credit Harket Borrowing by Financial Sectors
Total net borrowing
1 by financial sectors
31,281
39,938
34,057
32,588
46,909
42,051
7-3
21-0
45.8
74. 1
82-4
1
U.S- Governaent-related
Sponsored credit ag. sec.
Hortgage pool securities
Loans froa U.S. Governaent
16,725
9,045
7,680
24,650
12,456
12,194
16,835
3,386
13,449
-
18,968
3,922
15,046
25,86 1
8,804
17,057
-
20,431
3,596
16,835
-
10.3
2.3
7. 1
.9
14.3
2.5
12.2
-.4
22.0
7.0
16. 1
-1. 1
37. 1
23. 1
13.6
.4
47.9
24.3
23- 1
.6
2
3
4
5
Private financial sectors
Corporate bonds
Hortgages
Bank loans a.e.c.
Open-aarket paper
Fed. Hoae Loan Bank loans
14,556
2,621
-22
780
2,926
8,251
15,288
4,829
-23
271
3,0u5
7,146
17,222
8,264
-16
1,489
5,869
1,616
13,620
4,398
-5
-1,287
10,444
70
21,048
9,961
-1
1,296
4,854
4,938
21,620
2,900
9
986
11,609
6,116
-3.0
3.2
.4
-3.7
1.1
-4.0
b. 7
9.8
.4
-3.7
2.2
-2.0
23.8
10. 1
34.5
7.8
-.3
9.6
4.3
37. 1
7.5
.2
2.3
14.6
12.5
12 Total, by sector
13
Sponsored credit agencies
14
Hortgage pools
31,281
9,045
7,680
39,938
12,456
12,194
34,057
3,386
13,449
32,588
3,922
15,046
46,909
8,804
17,057
42,051
3,596
16,835
7.3
3.2
7-1
21.0
2. 1
12.2
45.8
5.9
16. 1
74.1
23.5
13.6
82-4 12
24.8 13
23. 1 14
Private financial sectors
Coaaercial banks
Bank affiliates
Savings and loan assns.
Finance conpanies
Beits
14,556
2,226
5,811
8,331
-1,928
116
15,288
-720
-1,537
8,110
9,350
85
17,222
2,264
2,440
5,274
7,290
-46
13,620
1,505
3,020
623
8,458
14
21,048
62 5
1,555
4,566
14,254
48
21,620
243
1,849
6,873
12,533
122
-3.0
.2
6.7
.7
5.4
-1.7
4.3
-1.9
23.8
.6
2.0
6.9
16.9
-2.5
37.1
-2
7.2
13.5
16.7
-.4
34.5
-2
6.5
12.6
15.3
-. 1
15
16
17
18
19
20
2
3
4
5
6
7
8
9
10
11
15
16
17
18
19
20
.6
-4.2
.5
-. 1
♦
6
7
8
-.5 9
18.0 10
9.2 11
♦
Total Net Credit Harket Borrowing, All Sectors, by Type
1 Total net borrowing
2
O.S. Governaent securities
3
Tax-exeapt Obligations
4
Corporate * foreign bonds
5
Hortgages
231,455 216,597 273,082 172,406 240,663 238,038
47,915 78,726 81,007 60,820 71,104 66,499
11,730
17,877 30,904
12,702 28,630 35,926
17,950 30,102
18,343 27,696
18,845
9,692
63,277 56,103 49,906 44,091 54,774
53,467
211.6
94.9
1o.1
36.7
57-9
283.8
83.8
15.7
41.2
85.4
378.7
79.9
21.9
38.0
126.2
479.6
90.5
28.4
32-8
152. 1
491.3
84.8
30.3
29.0
166. 1
1
2
3
4
5
34,740
5,202
14,386
8,973
9.6
-12. 1
-1.2
9.8
25.4
6.4
8. 1
17.8
40.2
29.9
15.0
27.5
48.8
58.8
26.4
41.9
45.4
52. 9
40-3
42.4
6
7
8
9
10 Heao: U.S. Govt, cash balance
-242
16,835 -12,053 -4,188 10,597 -6,804
Totals net of changes an U.S. Govt, cash balances:
11 Net borroving by doa. nonfin. 187,699 169,265 251,483 144,980 185,197 201,558
12
By U.S. Governaent
31,408 37,213 76,214 46,015 34,626 52,859
2.9
3.2
1. 1
3.8
.6 10
190.2
82-5
240.4
65.9
318.3
55.7
368.0
49.9
388. 1 11
36. 8 12
6
7
8
9
Consuaer credit
Bank loans n.e.c.
Open-aarket paper
Other loans
31,109
23,591
29,075
15,066
27,630
3,739
2,003
12,519
30,279
29,658
2,566
18,660
14,158
-5,060
14,099
13,253
29,798
12,468
6,617
9,576
External Corporate Eguity Funds Baised in U. S- Harkets
1 Total net share issues
Hutual funds
2
3
All other
Nonfinancial corporations
4
5
Financial corporations
Foreign shares
6
purchased in U.S.
-18,838 -6,019 -6,839
5,347
7,705
6,822
8,674
9,084 23,191 22,915 23,234
6,278
-25,116 -14,693 -15,923 -17,844 -15,210 -16,412
-26,382 —16,800 -17,925 -21,075 -16,775 -18,750
1,259
1,341
1,346
1,286
1,378
1,351
III/85 BASED ON INCOHPLETE INFOBHATION
7
729
716
1,890
219
987
10.6
-.3
10.9
9-9
.8
10.6
-2.4
13. 1
10^5
2.2
6.5
.9
5.6
2-7
2.5
1.7
-. 1
1.8
-.1
2.4
-4.3
.1
-4.3
-7.8
2.7
1
2
3
4
5
-2
.3
-4
-.5
-6
6
DECEMBER 6, 1985
Funds Raised in Credit Markets
funds Raised in Credit Markets
Sunnary of Net Funds Raised in Credit and Equity Markets
3
SEASONALLY ADJUSTED ANNUAL RATES
SEASONALLY ADJUSTED ANNUAL RATES
1984
1982
1983
III
IV
I
1985
i
II
Net Credit Market Borrowing by Nonfinancial Sectors
1
340.0
371.6
398-3
538.9
755.6
747.0
704-7
909-9
675.5
760.4
Total net borrowing by donestic
742.2
nonfinancial sectors
2
3
4
79-2
79.8
-.6
87-4
87.8
-.5
161.3
162. 1
-.9
186.6
186-7
-. 1
198.8
199.0
-.2
171.9
172. 1
-. 1
194.9
195.1
-. 1
254.9
255.0
-.1
144.1
144.2
-.2
218-1
218.2
-- 1
166.4
166.4
-. 1
U.S. Governnent
Treasury issues
Agency issues ♦ aortgages
2
3
4
5
260.8
284-2
237.0
352.3
556.8
575. 1
509.8
655.0
531.4
542.4
575.8
Private donestic
nonfinancial sectors
5
6
7
8
9
10
11
12
13
186.3
30-3
26.7
129-4
93-8
7-1
19.2
9.3
153-7
23.4
21.8
108.5
71.6
4.8
22.2
9.9
153.5
48.6
18.7
86.2
50-4
5.3
25.2
5-3
249. 1
57.3
16.0
175-7
115.6
9.4
47.6
3.0
322.1
65-8
42.3
214. 1
139.2
14.0
58-8
2.1
305.2
35.7
28.9
240.6
152.9
19.7
65.5
2.4
333-2
72.3
49-4
211-5
131.8
9.5
67-4
2.8
391-5
113.0
70.9
207-7
135-2
14.5
56.6
1.4
323-0
73-9
53.7
195.5
130.6
19-3
45-7
-.1
376-3
103-2
69-2
203.9
142.8
11-0
53.8
-3.6
404. 1
145.8
56.9
201-5
149- 1
13-0
48-5
-9. 1
Debt capital instrunents
Taz-exeapt obligations
Corporate bonds
Mortgages
Hoae aortgages
Multi-faaily resid.
Conaercial
Fara
6
7
8
9
10
11
12
13
14
15
16
17
18
74.5
4.7
37-0
5-7
27.1
130-5
22.7
54.7
19.2
33.9
83.6
20. 1
54- 1
-4-7
14.0
103.3
59-8
26-7
-1-6
18-3
234.8
96.5
79.4
23-7
35-2
269.9
125.4
86.8
40.3
17.3
176.6
90-2
35.3
22.6
28.5
263.5
91.5
102.0
5.0
64.9
208.4
121-3
17.0
24-0
46.2
166.0
112-1
33-9
8.6
11.5
171.7
115.2
35.0
1-5
20.0
Other debt instruments
Consuser credit
Bank loans n.e.c.
Open-aarket paper
Other
14
15
16
17
18
19
20
21
22
23
24
25
260.8
17.2
117.9
125.7
14.3
31-0
80.4
284-2
6.8
119.2
158.3
16-4
38.4
103.4
237.0
25-9
90.4
120.7
7.9
40.9
71.9
352.3
37.6
190. 4
124.3
4.5
65-2
54.6
556.8
45.0
249.5
262.4
2.9
77-8
181.7
575. 1
18.8
280.9
275.3
.4
91.4
183.5
509.8
52-9
232.1
224.8
6.5
75.0
143.4
655.0
84.3
269-3
301.4
1- 1
70. 1
230.3
531.4
61-1
263.5
206.8
-11.0
73-9
144.0
542-4
82-2
272-6
187.6
-3.3
68-9
122.1
575.8
116.8
295-3
163-7
-8.1
73.3
98.5
By borrowing sector:
State+local governaents
Households
Nonfinancial business
Fara
Nonfara noncorporate
Corporate
19
20
21
22
23
24
25
26
27
28
29
30
27-2
.8
11.5
10.1
4.7
27.2
5.4
3.7
13.9
4.2
15-7
6.7
-6.2
10.7
4.5
18.9
3.8
4.9
6.0
4.3
1.7
4-1
-7.8
1. 4
4.0
52.3
3.3
-6. 4
50.9
4.5
-38.5
2.4
-14.2
-30.3
3-7
-.4
11.7
-7.8
-5.9
1.5
-8.0
2.3
-12-2
-.1
2-0
-6.1
8.0
.3
-17.5
3. 1
5.8 Fgn. net borrowing in U.S.
Bonds
5.5
Bank loans n.e.c.
-6.7
Open-aarket paper
5.5
1.5
U.S. Governnent loans
26
27
28
29
30
31
367.2
398.8
414.0
557.8
757.4
799.3
666.2
909.4
667.5
754.3
748.0 Total donestic plus foreign
31
1
Net Credit Market Borrowing by Financial Sectors
Total net borrowing
by financial sectors
1
57.b
89.0
76-2
85.2
130.3
110.7
156.5
126.2
159.2
171.9
164.5
2
3
4
5
44.8
24.4
19.2
1.2
47.4
30.5
15.0
1.9
64.9
14.9
49.5
.4
67-8
1.4
66.4
-
74.9
30.4
44.4
b5. 1
28.9
36.2
-
87.3
40-3
47.0
73-0
21-6
51.4
83.7
25.0
58-7
-
101.8
27. 1
74.7
68.6
3.0
65.6
U.S. Governaent-related
Sponsored credit ag. sec.
Mortgage pool securities
Loans froa U.S. Governaent
6
7
8
9
10
11
12.8
1.8
*
-.9
4.8
7.1
41.6
3-5
*
-9
20.9
16.2
11.3
9-7
- 1
1-9
-1. 1
.8
17.4
8.6
V
-.2
16.0
-7.0
55.4
18-5
-.1
1-0
20.4
15.7
45.6
15.9
-. 1
1.7
3.5
24. 5
69.2
19.7
-. 1
6.4
18-7
24-5
53-2
29.8
-- 1
-3.2
20.2
6.4
75.6
13-7
*
.8
47.6
13-5
70. 1
47-5
*
2-8
9-9
9-9
95-9
11-7
*
10.0
54-0
20. 1
Private financial sectors
Corporate bonds
Mortgages
Bank loans n-e.c.
Open-aarket paper
Fed. Hoae Loan Bank loans
12
13
14
57-6
25.6
19.2
89.0
32.4
15.0
76.2
15.3
49.5
85.2
1-4
bb. 4
130.3
30.4
44.4
110.7
28.9
36.2
156.5
40-3
47-0
126.2
21-6
51-4
159-2
25.0
58.7
171-9
27. 1
74.7
15
16
17
18
19
20
12.8
.2
6-9
7.4
-1.1
-.5
41.6
-.1
8.3
15.5
18.2
-.2
11.3
-6
1.9
2-5
6.3
17.4
-.2
8.6
-2. 1
11.3
-.3
55-4
3.6
10-9
22.7
18. 1
.2
45.6
8.9
23.2
25.2
-12.2
.5
69.2
-2.9
-6. 1
27.4
50.5
.3
53.2
9. 1
9.8
23.9
10-7
-.2
75-6
6.0
12. 1
13.0
44.4
-1
70. 1
2.5
6.2
8.9
52.3
-2
♦
1
2
3
4
5
6
7
8
9
10
11
164.5 Total, by sector
Sponsored credit agencies
3-0
65. 6
Mortgage pools
12
13
14
Private financial sectors
Conaercial banks
Bank affiliates
Savings and loan assns.
Finance companies
Reits
15
16
17
18
19
20
95.9
1-0
7-4
22.6
64.5
.5
Total Net Credit Market Borrowing, All Sectors, by Type
1
2
3
4
5
424-9
122.9
30.3
29.3
129-3
487.8
133.0
23-4
30.7
108.4
490.2
225.9
48.6
35-0
86.2
643.0
254-4
57.3
28-4
175.6
887.6
273.8
65.8
64.8
213.9
910.0
237. 1
35.7
48. 1
240. 4
822.7
282.3
72.3
71.4
211-3
1035.6
327-9
113.0
112-5
207-6
826-7
227-9
73-9
69.7
195-3
926-2
319.9
103.2
124.7
203.9
912.5 Total net borrowing
235.0
U.S. Governaent securities
Taz-exeapt Obligations
145.8
Corporate ♦ foreign bonds
74.2
201.4
Mortgages
1
2
3
4
5
6
7
8
9
4.7
47.7
20.b
40-1
22.7
59.2
54-0
56.2
20- 1
49.9
4.9
19.7
59.8
31.4
20. 4
15.5
96.5
72.6
45.4
54.9
125.4
82. 1
94. 8
46.3
90.2
27.4
11.0
56.7
91.5
91. 1
19.3
72.9
121.3
5.5
71.5
61.7
112. 1
36.9
1. 1
24.5
115.2
38.3
61.0
41.6
Consumer credit
Bank loans n.e.c.
Open-aarket paper
Other loans
6
7
8
9
10
-3.8
♦
7.3
-7. 1
6.3
-3.6
19-3
.1
11
12
343.9
83-0
371.6
87.4
391. 1
154-0
546.0
193.7
749-4
192.5
750.6
175.6
685.4
175-6
909-7
254.7
-18.8
46.9
-80.4 Meno: U.S. Govt, cash balance 10
Totals net of changes jLn U.S. Govt, cash balances:
694.3
713.5
822.6 Net borrowing by doa. nonfin. 11
12
By U.S. Governaent
162-9
171.2
246.8
External Corporate Equity Funds Raised in U. S. Markets
1
2
3
4
5
21.9
5.2
16.8
12.9
1.8
-3-0
6.3
-9-3
-11-5
1.9
6
2.1
.3
BILLIONS OF DOLLARS.
35.3
18.4
16.9
11.4
4.0
67.8
32.8
35.0
28.3
2.7
-33. 1
37-7
-70.8
-77.0
5. 1
-71.8
28.7
-100.5
-105.5
5.0
-23.4
35.4
-58.8
-67.2
5.5
-27.6
36. 1
-63-7
-71.7
5. 1
16.9
88.3
-71.4
-84.3
5.4
34.9
95-8
-60-8
-67-1
5-4
1.5
4.0
1. 1
*
2-9
2.9
7-6
.9
III/85 BASED ON INCOMPLETE INFORMATION
27.9 Total net share issues
Mutual funds
93.5
Ail other
-65.6
Nonfinancial corporations
-75.0
Financial corporations
5.4
Foreign shares
purchased in U.S.
3.9
1
2
3
4
5
6
DECEMBER 6, 1985
Credit Market Supply of Fuads
Credit Harket Supply of Fuads
Direct aud Indirect Sources of Funds to credit Markets
4
OHADJUSTED HEX FLOSS(S SILL)
OHADJOSTED HET FLOSS{$ MILL)
)
1
II
1984
III
IV
1
I
I
1985
II
III
Total funds advanced in credit aarkets
1
to don. nonfinan. sectors
187,457 186,100 239,430 140,792 195,794 194,754
1975
BILLIOHS OF DOLLABS
1976
1977
1978
1979
193.0
243.5
319.4
371.7
388.7
1
2
3
4
5
6
By Federal agencies and foreign
2 Total net advances, by type
O.S. Governnent securities
1
4
Besidential nortgages
5
FBLB advances to s+l's
6
Other loans and securities
31,205
2,961
12,715
7,146
8,383
59,573
25,800
18,864
1,616
13,293
29,243
-5,745
20,185
70
14,733
57,183
24,546
21,052
4,938
6,647
52,668
9,836
20,636
6,116
16,080
39.6
18.0
15.8
-4.0
9.8
49.8
23.1
12.3
-2.0
16. 4
79.3
34.9
20.0
4.3
20.2
97.6
31.4
25.7
12.5
28.0
75.2
-6.3
35.8
9.2
36.5
7 By type of lender:
33,640 31,205
8
3,154
O.S. Governaent
2,847
9
Spons. credit ag.+ntg. pools 19,935 18,416
10
1,988
2,151
Honetary authority
11
8,870
7,484
Foreign
Agency and foreign borrowing not in liae 1:
12
Spons. credit ag.+ntg. pools 16,725 24,650
12,717 -9,441
13
Foreign
59,573
9,531
19,735
6,116
24,191
29,243
7,260
20,263
-272
1,992
57,183
2,844
26,739
8,058
19,542
52,668
7,304
23,972
516
20,876
39.6
13.4
11.6
8.5
6. 1
49.8
7,9
16.8
9.8
15.2
79.3
10.0
22.5
7.1
39.6
97-6
17. 1
40.3
7.0
33.3
75.2 7
19.0 8
53.1 9
7.7 10
-4.5 It
16,835
-405
18,968
-974
25,861
-2,040
20,431
1,233
10.3
11.3
14.3
19.3
22.0
13.5
37.1
33.8
47.9 12
20.2 13
183,259 170^104 196,287 129,543 162,432 163,750
39,755 75,765 55,207 66,565 46,558 56,663
It,730 17,877 30,904
12,702 28,630 35,926
4,722
9,493 12,957
3,985 11,344
5,721
34,710 24,849 17,669
14,225 19,429 21,738
100,593 49,266 81,166 32,136 61,409 49,818
7,146
8,251
1,616
70
4,938
6,116
175.0
76.9
16.1
32.8
26.2
19.0
-4.0
227.3
60.7
15.7
30.5
55.4
63. 1
-2.0
275.6
45.1
21.9
24. 1
81.0
107.8
4.3
345.0
59. 1
28.4
23.4
97.2
149.5
12.5
381.6
91.0
30.3
18.5
94.2
156.7
9.2
14
15
16
17
18
19
20
21
22
23
24
25
33,640
8,160
10,109
8,251
7,120
Private donestic funds advanced
14 Total net advances
15
O.S. Governnent securities
16
Taz-exenpt obligations
17
Corporate and foreign bonds
18
Residential nortgages
19
Other nortgages and loans
20
Less: FflLB advances
Private financial internediation
21
22
23
24
25
Credit narket funds advanced
by private financial insts.
Coanercial banking
Savings institutions
Insurance and pension funds
Other finance
139,007 124,243 168,535
47,395 35,475 60,349
45,746 37,324 24,097
30,709 34,443 32,639
15,157 17,001 51,450
84,175 138,794 125,103
17,032 45,754 35,087
26,383
5,862 34,382
17,680 40,566 34,590
23,080 46,612 21,044
132.4
29.5
50.9
52.0
*
195.4
59.8
68.4
55.7
11.4
262.9
87.8
78.5
73.1
23.6
317.6
128.5
72.2
89.3
27.6
316.4
123. 1
56.5
85.6
51.2
26 Sources of funds
139,007 124,243 168,535
27
Private donestic dep. + RP's 64,539 48,297 124,623
Credit narket borroviag
14,556 15,288 17,222
28
84,175 138,794 125,103
19,326 44,344 42,623
13,620 21,048 21,620
132.4
94.9
-3-0
195.4
123.0
6.7
262.9
139.6
23.8
317. 6
142-7
37.1
316.4 26
137.4 27
34.5 28
29
30
31
32
33
Other sources
Foreign funds
Treasury balances
Insurance and pension res.
Other, net
59,912
10,116
-1,000
31,382
19,414
60,658
1,906
12,678
24,552
21,522
26,690
872
-9,172
29,299
5,691
51,229
5,274
-1,907
15,927
31,935
73,402
1,990
10,365
41,187
19,860
60,860
7,494
-7,836
35,671
25,531
40.5
-6.6
-1.7
40.1
10.7
65.6
-4.5
-.1
41.5
28.7
99.5
1.4
4.3
55.4
38.5
137.9
6.5
6.8
74.8
49.8
144.5
27.6
.4
72.9
43.6
29
30
31
32
33
61,149
46,155
10,312
-392
-2,870
7,944
44,974
11,773
19,304
6,893
-4,098
11,182
58,988
26,410
5,136
12,543
13,840
1,059
44,686 60,267
31,379 33,148
19,561 24,004
-9,566 -12,918
-2,636 13,937
5,948
2,096
39.6
18.2
8.4
6.3
-2.9
9.6
38.7
12.5
3.3
10.8
.3
11.8
36.5
23.3
-.8
-.2
3.8
10.4
64. 4
38.3
3.6
-6.3
8.3
20.5
99.7
52.5
9-9
-1.4
8.6
30. 1
34
35
36
37
38
39
Private doaestic nonfinancial investors
34 Direct lending in cr. narkets
35
O.S. Governaent securities
36
Tax-exenpt obligations
37
Corporate and foreign bonds
38
Open-narket paper
39
Other
58,808
34,821
11,631
-7,197
11,438
8,115
40 Deposits and currency
41
Currency
Checkable deposits
42
68,770 47,185 126,479 20,685
5,593
-2
2,563
1,580
2,858 -11,355 37,591 -24,486
48,305
5,904
11,725
41,285
-638
21,797
102.0
6.3
9.3
132- 1
7.4
10.4
149.0
8.2
17.2
153.9
9.3
16.2
146.8 40
8.0 41
18.3 42
43
44
Snail tine + svgs. deposits
Honey narket fund shares
31,412
3,854
38,546
5,129
51,525
26,972
46,077
-3,024
36,955
5,108
23,866
-5,292
97.9
1.3
121.3
6
93.6
.2
65. 9
6.9
59.3 43
34.4 44
45
46
47
Large tine deposits
Security BP's
Foreign deposits
24,398
2,017
-1,362
27,928
-3,951
-1,110
12,076
-3,541
-707
-1,931
2,690
-221
-6,114
— 3,330
-1,943
3,128
-876
-700
-13.8
.2
.8
-11.0
2.3
1.7
26.4
2.2
1.3
46.3
7.5
2.0
18.8 45
6.6 46
1.5 47
Total of credit skt. instru
nents, deposits, and currency 127,578 108,334 171,453
79,673
92,991 101,552
141.6
170.7
185.5
218.4
246. 5 48
20,915
64,978
7,266
29,513
85,447
21,532
26,873
76,398
28,370
19.4
75.7
-2.5
18.9
85.9
10.6
23.8
95.4
41.0
24.1
92. 1
39.8
18.4 49
82.9 50
23. 1 51
10.a
-.3
10.9
10.6
-2.6
13. 1
6.5
.9
5.6
1.7
-.1
1.8
-4.3
.1
-4.3
1
2
3
10.7
-. 1
12.9
-2.3
7.8
-1.3
4.7
-3.0
12.9
-17.1
4
5
48
49 Public holdings as % of total
50 Pvt. finan. internediation (X)
51 Total foreign funds
16,805
75,852
18,986
17,663
73,039
9,390
24,923
85,861
25,063
Corporate Equities Hot Included Above
1 Total net issues
Mutual fund shares
2
Other eguities
3
—18,838 -6,019 -6,839
5,347
7,705
6,822
8,674
6,278
9,084 23,191 22,915 23,234
-25,116 -14,693 -15,923 -17,844 -15,210 -16,412
4 Acq. by financial institutions -4,765
5,874
7,834
5 Other net purchases
-14,073 -11,893 -14,673
III/85 BASED OS IHCOHPLETE INFORHATIOH
13,894
-8,547
1,709
5,996
5,950
872
DECEMBEfi 6, 1985
Credit Harket Supply of Fuads
Credit Harket Supply of Fuads
Direct aad Iadirect Sources of Fuads to Credit Harkets
5
SEASONALLY ADJUSTED ANNUAL SATES
SEASONALLY ADJUSTED ANNUAL RATES
)
1980
1
340-0
1981
371-6
1983
1982
398-3
538-9
1984
755-6
I
|
1984
III
II
747-0
704-7
IV
909.9
1
1985
I
675-5
II
III
Total funds; advanced in credit aarkets
760-4
742.2
to don. nonfinan. sectors
1
By Federal agencies and foreign
2
3
4
5
6
97.1
15-8
31-7
7-1
42-5
97-7
17-1
23-5
16-2
40.9
114. 1
22.7
61-0
.8
29-5
117-5
27-6
76- 1
-7-0
20-8
142.2
36.0
56-5
15-7
34- 1
135-2
41.2
46-3
24-5
23- 1
97.0
-4.6
49-3
24.5
27-8
225.4
89.6
70.9
6.4
58.6
158.7
-1-0
81.0
13.5
65-1
7
8
9
10
11
97-1
23-7
45-6
4-5
23-3
97-7
2 4.0
48.2
9-2
16-2
114. 1
15-9
65-5
9-8
22-8
117-5
9.7
69-8
10.9
27- 1
142.2
17-2
73.3
8.4
43-4
135.2
8.0
76.4
8.9
41.9
97-0
12.4
61.1
-9-0
32.6
225.4
40-5
84.8
18.9
81.2
158.7
30.7
91.9
20-9
15-2
12
13
44.8
27-2
47-4
27-2
64.9
15.7
67-8
18-9
74-9
1.7
65. 1
52.3
87.3
-38.5
73.0
-.4
83-7
-8.0
14
15
16
17
18
19
20
314.9
107.1
30-3
19.3
69.1
96-3
7.1
348.5
115-9
23-4
18.8
52.9
153.8
16-2
364.8
203- 1
48.6
14- 8
-5.5
104.6
-8
508- 1
226-9
57-3
14.9
48-9
153-0
-7.0
690.0
237-8
65-8
29.9
96.6
275.6
15-7
729-2
195.9
35.7
22.8
126.3
373-2
24.5
656.5
287-0
72-3
37-3
91.8
192-7
24-5
757-0
238.4
113-0
47. 1
78.8
286.2
6.4
592.5
228.9
73-9
16-2
68.7
218-4
13.5
184.8 Total net advances, by type
25.8
U.S. Governaent securities
81.3
Residential nortgages
FHLB advances to s+l’s
20- 1
Other loans and securities
57-5
227.9
105.3
90.9
9.9
21.9
227.9
184-8 By type of lender:
8. 1
U-S- Governnent
28.8
103.5
81.6
Spons. credit ag.+ntg. pools
33.7
-15.3
Honetary authority
82.6
89.7
Foreign
Agency and foreign borrowing not in line 1:
101-8
68.6
Spons. credit ag.♦atg. pools
-6.1
5-8
Foreign
2
3
4
5
6
7
8
9
10
11
12
13
Private doaestic funds advanced
628-2
214.6
103.2
51.6
62.8
205.8
9.9
631.8 Total net advances
U.S. Governaent securities
209.2
Tax-exenpt obligations
145.8
Corporate and foreign bonds
21-5
80.7
Besidential nortgages
Other aortgages and loans
194-8
20-1
Less: FHLB advances
14
15
16
17
18
19
20
Private fiaancial internediatioa
Credit aarket funds advanced
by private financial instsCoaaercxal bankxng
Savings institutions
Insurance aad pension funds
Other finance
21
22
23
24
25
281-3
100.6
54-5
94.5
31.7
317-2
102.3
27-4
97-6
89-9
287-6
107.2
31.4
107-4
41.5
382-7
136. 1
140-5
94-2
11.9
553.2
181.9
143.0
123-1
105- 1
538.7
179-4
177-8
127.7
53-8
499.6
141.5
143.1
133.2
81-8
617.1
194.4
106.0
135.6
181. 1
414-7
128.1
108.4
66.9
111.3
531-2
171.1
15-6
167-4
177.1
506.9
143.7
130-8
133-3
99-1
26
27
28
281.3
169.6
12.8
317-2
21 1.9
41-6
287.6
174-4
11-3
382-7
205-2
17-4
553-2
287-7
55.4
538.7
272.5
45.6
499.6
222-9
69.2
617. 1
373-5
53.2
414.7
165-4
75.6
531.2
182-2
70- 1
506-9 Sources of funds
26
206.0
Private doaestic dep- ♦ BP’s 27
28
Credit aarket borrowing
95-9
29
30
31
32
33
58-8
-21.7
-2.6
83.7
39-4
6 3-7
-8.7
-1.1
90.7
-17.2
101-8
-26-7
6- 1
103.2
19-3
160.0
22- 1
-5.3
95- 1
48. 1
210- 1
19-0
4.0
111-7
75-4
220-7
25-3
-1.8
126.9
70-3
207.5
16-1
16-3
93-9
81-2
190.4
5-7
-3.5
117.0
71.1
173-8
28.9
-12.1
68.5
88.5
278.9
-7.3
50.9
166.2
69. 1
204.9
40-5
-71.7
137-4
98-7
34
35
36
37
38
39
46-5
24.6
7.0
-11.0
-3.1
29-1
72-9
29-3
11.1
-3.9
2.7
33.7
88-5
32- 1
29.2
3-9
-.6
24.0
142-8
88.3
43.5
-9-2
6-5
13.7
192.2
122-8
42.2
*
-1-0
28-2
236. 1
158.9
31.6
-14.0
23-5
36. 1
226.2
155.1
44.2
-5.7
3.2
29-4
193. 1
79.5
75.9
22-7
-16.2
31. 1
253-4
84.8
35.7
41.8
68.8
22-2
167. 1
135.1
62-8
-19.0
-37.5
25-7
220.9 Dxrect lending in cr. aarkets
U.S. Governnent securities
100.8
100. 1
Tax-exeapt obligations
-56.7
Corporate and foreign bonds
72-1
Open-aarket paper
Other
4-5
34
35
36
37
38
39
40
41
42
181-1
10.3
5-2
221.9
9-5
18.0
181-6
9.7
15-4
224-4
14-3
23-0
292-2
8.6
21-4
285.6
18.6
12- 1
221-7
3.3
-23-1
370-2
-.5
58.4
182-5
18.0
-29.7
193.6
19.2
44.5
204-3 Deposits and currency
1. 1
Currency
Checkable deposits
115-3
40
41
42
43
44
82-9
29-2
47.0
107.5
138- 1
24.7
219.5
-44. 1
149-2
47.2
153-8
15.4
164-9
20-5
172.3
107.9
150.2
-12.1
175-2
20.4
141-5
-21.2
Saall txae * svgs- deposits
Honey aarket fund shares
43
44
45
46
47
45-8
6.5
1-1
3 6.9
2.5
-5
-7.7
3-8
-2.5
-7.5
14-3
4.8
75-7
-5.8
-4.0
83- 1
8. 1
-5.4
76.3
-15.8
-4-4
49.0
-14.2
-2-8
46.2
10.8
-.9
-44.7
-13.3
-7.8
-2b. 1
-3.5
-2.8
Large tiae deposits
Security BP’s
Forexgn deposits
45
46
47
48
227.6
294-7
270- 1
367-2
484.5
521-7
447-9
563.3
435-8
360.7
Total of credit akt- instru425. 1 aents, deposits, and currency 48
49
50
51
26.4
89-3
1.6
24-5
91.0
7-6
27.6
78-8
-3.9
21- 1
75.3
49.2
18.8
80.2
62.4
16.9
73-9
67.2
14.6
76-1
48-7
24-8
81.5
86.8
23-8
70.0
44.0
30.2
84.6
75.3
24.7 Publxc holdings as % of total 49
80.2 Pvt. Xxnan- xnteraediation (X) 50
130.2 Total foreign funds
51
21
22
23
24
25
29
Other sources
Foreign funds
30
Treasury balances
31
Insurance and pension res. 32
33
Other, net
Private doaestic nonfinancial investors
Corporate Eguities Not Included Above
1
2
3
21-9
5.2
16.8
-3.0
6.3
-9.3
35.3
18-4
16-9
67-8
32.8
35.0
-33- 1
37-7
-70-8
-71.8
28.7
-100.5
-23.4
35.4
-58.8
-27-6
36. 1
-63.7
16.9
88-3
-71.4
34.9
95.8
-60.8
4
5
24.9
-3.0
20-9
-23.9
37- 1
-1.8
56-4
11-4
11- 1
-44.3
-14- 1
-57.7
21-4
-44.8
17-9
-45.5
67.4
-50.5
14.4
20.5
BILLIONS OF DOLLARS.
27-9 Total net issues
Nutual fund shares
93-5
-65.6
Other eguities
19-7 Acg. by financial institutions
8.2 Other net purchases
III/85 BASED ON INCOHPLETE INFOBHATION
Line
1.
Page 2, line 1.
32.
Excludes investment of these reserves in corporate equities.
6.
Includes farm and commercial mortgages.
33.
Mainly retained earnings and net miscellaneous liabilities.
12.
Credit market funds raised by Federally sponsored credit agencies
+ federally related mortgage pool securities.
14.
Line 1 less line 2 plus lines 12 + 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 line 41' and 47.
28.
Excludes equity issues and investment company shares.
Includes line 19.
30.
Foreign deposits at commercial banks, 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.
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.
48.
Lines 34 + 40.
50.
Line 21/lin« 14.
51.
Line 11 plus line 30.
Also line 14 less line 29 plus lines 41 and 47.
Corporate Equities
Line
1 and 3. Includes issues by financial Institutions.
1
2
3
4
5
DECEMBER 6, 1985
Households
Households
6
Sector Stateaents of Saving and Investnent
UNADJUSTED NET FLOHS($ MILL)
UNADJUSTED NET FLOHS(S MILL)
1
I
II
1984
III
IV
|
1
I
1985
II
BILLIOHS OF DOLLARS
III
1975
1976
1977
1978
1979
Households, Personal Trusts, and Nonprofxt Organxzations
735,302 769,256 806,937 755,322 782,098 807,265
111,580 113,959 110,783 118,049 112,248 127,149
1265.0
168.9
1391-2
196.8
1540.4
226. 4
1732-7
258.7
1951.2
301-0
1
2
623,722 655,297 696,154 637,273 669,850 680,116
Personal outlays
595,711 607,959 651,582 611,241 639,068 656,335
Personal saving, NIA basis
28,011 47,338 44,572 26,032 30,782 23,781
Credits fron govt, insurance 12,169 25,586 14,839
4, 142 17,668 27,833
Capital gains dividends
858
621
1,235
1,215
531
500
Net durables in consumption
22,146 19,785 30,820 14,163 22,738 25,659
1096.1
1001.8
94.3
15. 1
-2
2o. 5
1194.4
1111-9
82.5
17.7
.5
40.0
1314.0
1236.0
78.0
22.5
.6
49.6
1474.0
1384.6
89.4
27.9
.7
56.7
1650.2
1553-5
96.7
24.4
.9
52-5
3
4
5
6
7
8
63,184 93,330 91,466 45,552 71,719 77,773
74,391 75,879 77,034 78,671 80,172 81,490
137,575 169,209 168,500 124,223 151,891 159,263
136.1
132-2
268.3
140.6
145.9
286.4
150.8
162.0
312.8
174.7
182.5
357.2
174.5 9
206. 4 10
380. 9 11
12 Gross investment
148,933 188,039 170,719 163,944 151,511 173,760
13
Capital expend, net of sales 111,501 116,347 129,803 115,069 117,835 128,652
14
Residential construction
28,099 34,077 35,526 36,298 29,443 36,241
15
Consuaer durable goods
79,972 78,738 90,650 75,044 84,568 88,488
16
3,627
3,824
Nonprofit plant and eguip.
3,430
3,532
3,923
3,727
283.8
183-8
46-4
132.2
5.2
308.9
226.3
63.8
156.8
5. 7
328.8
267. 1
83-0
178.2
5-9
372.8
307.4
100.5
200.2
6.6
403.5
328.0
107. 3
213.4
7.3
17 Net financial investment
37,432 71,692 40,916 48,875 33,676 45,108
Net acg. of financial assets 104,275 133,238 117,735 100,700 104,563 124,539
18
100-1
156. 1
82-6
180. 6
61.7
205. 7
65. 4
242.6
75.5 17
260. 6 18
1 Personal income
2 - Personal taxes and nontaxes
3
4
5
6
7
8
- Disposable personal income
=
♦
♦
♦
9 3 Net saving
10 ♦ Capital consumption
11 = Gross saving
108,710 113,050 102,574
89,337
70,413
76,677
116.9
143.6
157.0
177.5
201.3 19
96,407
12,366
52,580
4,489
26,972
34,460
-963
47,419
-8,972
-3,024
53,760
16,540
38,669
-6,557
5,108
45,821
30,407
25,846
-5,140
-5,292
92.4
6-9
97.0
-12.8
1.3
121. 9
15- 7
116.2
-10.0
*
128.2
19.8
95. 1
13. 1
.2
131. 4
22.4
66.0
36. 1
6.9
130.2
21.3
59. 9
14.5
34. 4
20
21
22
23
24
51,306
6,167
42,560 -13,212
9,755 18,927
6,893
-392
4,299
2,271
-4,916 -8,712
54,877
16,915
5,225
12,543
394
19,800
16,653 30,856
7,639 13,222
19,290 23,945
-9,566 -12,918
1,326 -2,856
-2,036
9,463
24.5
11.5
6.2
6.3
6.5
-6.0
21.7
6.3
2.0
10.8
7. 4
-4.8
28.8
18.5
-1.5
-.2
8. 1
3.9
4b. 1
25.4
4. 1
-6.3
14.8
8. 1
71.2
35. 4
10. 4
-1. 4
20.2
6. 6
25
26
27
28
29
30
6,278
9,084 23,191 22,915 23,234
8,674
-19,879 -19,004 -22,546 -30,541 -17,462 -23,789
-.3
-4.4
-2.4
-2.6
.9
— 4. 8
-. 1
-5.3
. 1 31
-18. 9 32
1,902
54,993
8-1
46.8
8.8
51.3
9.5
62.2
11.2
75.4
10.7 33
84. 4 34
-8,596 -16,269 -11,538
-38
28
166
2,067
2,592
2,894
-15.3
.6
3.8
-24.9
1.5
5-5
-25.0
-1.0
6.9
-25.1
2.5
6.6
-26. 1 35
1. 8 36
7.2 37
19
Dep. * cr. akt. instr. (1)
20
21
22
23
24
Deposits
Checkable dep. ♦ curr.
Saall time * svgs.dep.
Large time deposits
Honey narket fund shrs
70,582
6,908
31,640
28,180
3,854
61,744
2,699
31,339
22,577
5,129
25
26
27
28
29
30
Credit akt. instruments
U.S. Govt, securities
Tax exeapt obligations
Corporate ♦ fgn. bonds
Mortgages
Open-aarket paper
38,128
23,742
11,447
-7,197
3,342
6,794
31
32
Mutual fund shares
Other corporate eguities
33
34
Life insurance reserves
Pension fund reserves
35
36
37
Net inv. in noncorp. bus.
Security credit
Miscellaneous assets
38
39
40
41
42
Net increase in liabilities
Credit market instruments
Hoae aortgages
Installaent cons, credit
Other consumer credit
43
44
45
46
47
48
49
Tax-exempt debt
Other mortgages
Bank loans n.e.c.
Other loans
Security credit
Trade debt
Hiscellaneous
50 Discrepancy
(1)
12
13
14
15
16
1,126
28,934
1,117
41,130
1,481
37,397
-22,227 -12,863 -11,812
-311
-154
-239
1,572
1,445
1,711
1,546
23,734
2,066
40,280
66,843
68,033
34,455
24,881
6,228
61,546
62,888
33,507
22,-731
4,949
76,819
76,990
34,734
23,031
7,248
51,825
50,215
35,382
11,067
3,091
70,887
67,842
32,208
24,246
5,552
79,431
79,012
36,612
28,615
6,125
5b. 0
53.5
40.6
7.7
1.9
98.0
91.5
61.4
21.5
3-9
144.0
140.7
90.8
37.0
3.2
177.2
173.4
112.9
43. 1
5. 7
185. 1
181.0
123.0
38.4
7. 1
38
39
40
41
42
2,281
610
-1,241
819
2,413
612
-2,764
1,440
2,909
607
8,003
458
2,271
605
-5,387
3,186
2,178
602
4,226
-1, 170
2,987
599
1,054
3,020
1.4
1-0
-1.2
2.2
2.0
.8
*
1.8
3.4
1. 1
2-8
2.3
2.6
1.3
4. 1
3.8
2.9
1. 5
1. 9
6. 4
43
44
45
46
-1,239
398
-349
-1,527
530
-345
-466
442
-147
928
547
135
2,842
517
-314
252
567
-400
.7
1. 1
.7
4.8
1-2
.6
1.3
1.2
-9
1.2
1.5
1.1
1.0 47
1.7 48
1. 3 49
380 -14,497
-15.5
-22.5
-16.0
-15.6
-22.6 50
28,099 34,077 35,526 36,298 29,443 36,241
1,673
1,674
1,697
1,605
1,665
1,735
26,426 32,403 33,829 34,693 27,778 34,506
14,184 14,494 14,728 15,265 15,771 16,042
34,455 33,507 34,734 35,382 32,208 36,612
-20,540 -13,924 -13,936 -14,349 -18,536 -16,413
46-4
2.3
44. 1
22.2
40.6
-16.3
63. 8
3.0
60. 8
24.5
b1. 4
-22. 1
83.0
3.9
79. 1
28.6
90.8
-36.4
100.5
4.5
96.0
33.5
112.9
-45.8
107.3
5.0
102. 3
39. 1
123. 0
-54.8
-11,358 -18,830
-2,219 -39,721
Excludes corporate eguities.
Memoranda;
51
52
53
54
55
56
Net physical investment:
(A) Residential construction
Expenditures
Mobile hoaes
Other
- Capital consumption
- Hoae mortgages
= Excess net investnent
57
58
59
(B) Consumer durables
Expenditures
- Capital consuaption
= Net investaent
51
52
53
54
55
56
79,972
57,826
22, 146
78,738
58,953
19,785
90,650
59,830
30,820
75,044
60,881
14,163
84,568
61,830
22,738
88,488
62,829
25,659
132.2
105.7
26.5
156. 6
116.9
40.0
178.2
128.6
49. 6
200.2
143.5
56.7
213. 4 57
160. 9 58
52. 5 59
31,109
-8,963
27,680
-7,895
30,279
541
14,158
5
29,798
-7,060
34,740
-9,081
9.6
1b. 9
25.4
14.5
40.2
9.4
48.8
7.9
45. 4 60
7. 1 61
3,430
2,381
1,049
3,532
2,432
1,100
3,627
2,476
1,151
3,727
2,525
1,202
3,824
2,571
1,253
3,923
2,619
1,304
5.2
4.4
.8
5. 7
4. 5
1.3
5.9
4.8
1. 1
6.6
5.5
1.2
7.3 62
6. 3 63
1. 0 64
15,174
4,490
14,814
7,223
13,728
6,402
15,628
4,084
14,352
4,595
15,750
3,496
13.4
6.6
14. 1
6.9
14.7
5.9
14.9
6. 1
15.4 65
5.9 66
21,605
24,828
23,658
19,330
22,075
22,480
24- 1
23.6
23.4
23.8
22.7 67
17,510
16,376
10,497
10,684
17,072
19,550
9,030
9,227
18,224
16,530
10,785
10,809
17,905
15,669
8,064
7,813
17,125
15,197
10,302
9,860
18,159
17,579
11,211
11,152
16.5
14-0
5-0
4.8
18.7
14.9
8. 1
7.5
20.0
15.4
10.8
10.5
20.5
16. 1
11.8
11.5
19.6
15.6
11.0
10.8
636,749 681,504 712,228 b42,630 688,049 708,449
72 (2) Disposable incoae adj.
(NIA disposable income ♦ govt, insurance credits * capital gains divid.)
1111.4
1212.5
1337.2
1502.6
60
61
- Consumer credit
= Excess net investment
62
63
64
(C) Nonprofit plant and eguip.
Expenditures
- Capital consuaption
= Net investment
Per cent ratios:
65 Effective tax rate
66 Saving rate, NIA basis
Per cent of disposable income adj.
67 Gross saving
68
69
70
71
Capital expenditures
Acguisition of finan. assets
Net increase in liabilities
Credit aarket borrowing
(2):
III/85 BASED ON INCOHPLETE INFORMATION
68
b9
70
71
1675.5 72
DECEHBEB 6, 1985
Households
Households
Sector Stateaents of Saving and Investaent
SEASONALLY ADJUSTED ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL BATES
1980
1981
1982
1983
1984
J
J
1984
III
II
IF
|
|
I
1985
II
III
Households, Personal Trusts, and Nonprofit Organizations
1
2
1
2
2165.3
336.5
2429.5
387.7
2584.6
404. 1
2744.2
404.2
3012. 1
435.3
2984.6
430.3
3047.3
440.9
3096.2
451-7
3143.8
489.0
3174.7
448.2
3197.4 Personal incoae
486.7 - Personal taxes and nontaxes
3
4
5
6
7
8
1828-9
1718.7
110.2
35.3
1.8
32.8
2041.7
1904.3
137.4
41.8
2.7
39.1
2180.5
2044.5
136.0
46.4
2.4
35.5
2340.1
2222.0
118. 1
50.0
4.4
61.5
2576.8
2420.7
156.1
58.8
6.0
85.2
2554.3
2409.5
144. 8
52.6
5.2
89.4
2606.4
2442.3
164.1
68.5
4.3
81.4
2644.5
2481-5
163.0
67-8
3-9
86.9
2654.8
2536.2
118.6
38.9
2.0
91.3
2726.5
2587.1
139.4
74.4
4.0
91.9
2710.7
2636.9
73.8
76.6
4.0
105.0
9
10
11
180.0
233.2
413.3
22 0.9
252.7
473.6
220.3
269. 1
489. 4
234.0
280.4
514.4
306.1
300.6
606.7
292.0
297.6
589.6
318.3
303.5
621.8
321.6
308. 1
629.7
250-8
314.7
565.4
309.7
320.7
630.4
259.9 - Net saving
326.0 ♦ Capital consuaption
585.9 = Gross saving
9
10
11
12
13
14
15
16
468.8
323.6
100.3
214.7
8.6
543.6
341.2
96.0
235.4
9.8
563. 1
331.3
75.2
245. 1
11.0
562-3
400.4
108.2
279.8
12.4
670.8
464.8
132. 1
318.8
13.9
655.3
466.9
132.5
320.7
13. 7
699.6
466.7
135.4
317.2
14.1
701-7
474.7
133-9
326.3
14.5
631.9
484.2
134.5
334.8
14.9
653.7
493.9
139.4
339.2
15.3
644.4 Gross investaent
514.0
Capital expend, net of sales
141.6
Besidential construction
356.8
Consuaer durable goods
15.7
Nonprofit plant and equip.
12
13
14
35
16
17
18
145.2
273.1
202.5
324.4
231.8
329.1
161.9
363. 1
206. 1
453.2
188. 4
464. 6
232.9
459.6
227.0
495.7
147.7
417.7
159.8
444.5
17
130.4 Net financial investaent
427.4
Net acq. of financial assets 18
=
=
*
*
♦
Disposable personal incoae
Personal outlays
Personal saving, NIA basis
Credits froa govt, insurance
Capital gains dividends
Net durables in consuaption
3
4
5
6
7
8
19
196.1
257.0
207.6
268.8
411. 1
454.5
425.3
423-7
364.8
279.6
283.9
20
21
22
23
24
165.8
10.1
83.2
43-2
29.2
205.8
31.6
46.9
19.7
107.5
160.7
16.8
136.7
-17.5
24.7
197-9
43- 1
214.2
-15.3
-44. 1
293.1
29.1
151.8
65.0
47.2
284.4
35.7
154.8
78.6
15.4
250.2
4.6
168. 1
57.0
20.5
355.0
38.6
176.6
31-9
107.9
172. 1
6-7
155.6
22.0
-12-1
207.5
72.1
182.1
-67.2
20.4
192., 6
119.4
149.4
-55.0
-21.2
Deposits
Checkable dep. ♦ curr.
Saall tiae ♦ svgs.dep.
Large tiae deposits
Honey aarket fund shrs
20
21
22
23
24
25
26
27
28
29
30
30.4
16.8
7.0
-11.0
18.4
-.8
51.2
30.8
11.0
-3.9
20.6
-7.3
46.9
6.1
28.9
3.9
16.4
-8.5
70.9
42.2
42.3
-9.2
-. 1
-4. 1
118.0
77.0
40.6
*
10.7
-10.4
170. 1
135.5
30.9
-14.0
13.7
3.9
175. 1
115.0
42.0
-5.7
16.8
7.0
68.7
-.8
74.4
22-7
9-7
-37.2
192.6
30.8
36-1
41.8
1-2
82.8
72.1
58.5
61.7
-19.0
5.7
-34.8
91.3
-6.7
99.9
-56.7
-12.0
66.8
Credit akt. instruaents
U.S. Govt, securities
Tax exeapt obligations
Corporate ♦ fgn. bonds
Hortgages
Open-aarket paper
25
26
27
28
29
30
31
32
5.2
-13.5
6.3
-36.0
18.4
-24. 1
32-8
-26.8
37.7
-79.2
28. 7
-84. 1
35.4
-76.0
36. 1
-77.3
88-3
-131.6
95-8
-77.1
93.5
-93.3
Hutual fund shares
Other corporate eqaities
31
32
33
34
9.7
106.3
9.2
109.0
7.2
140. 1
8-0
136.2
5-2
129.8
4.5
126.0
4.5
123.9
5.9
150-6
6.2
128.4
8.3
173.0
7.6
176.0
Life insurance reserves
Pension fund reserves
33
34
35
36
37
-41.6
5.2
5.6
-25.1
-2. 1
6. 1
-30.4
3.7
6.8
-66.4
2.4
8.0
-57.0
6.4
-70.3
-1.0
6. 3
-58.0
-1.2
5.8
-49.5
-.6
6.8
-46.4
-.2
8.3
-45.5
.1
10.4
-52.6
.7
11.6
Net inv. in noncorp. bus.
Security credit
Hiscellaneous assets
35
36
37
38
39
40
41
42
127-9
117.9
95.4
1.3
3.4
121.9
119.2
74.4
16.9
5.9
97.3
90.4
49.5
14.9
5.2
201-2
190-4
110. 1
48.7
11.0
247-2
249.5
138.5
76.8
19.7
276.2
280.9
150.4
98.2
27.2
226.7
232.1
134.5
71.4
18.8
268-7
269.3
136.6
70.0
21-5
270-0
263.5
129-0
98.4
22.8
284.7
272.6
141.3
90.2
21.9
297.0
295.3
148.7
92.8
22.5
Net increase in liabilities
Credit aarxet instruments
Hoae aortgages
Installaent cons, credit
Other consuaer credit
38
39
40
41
42
43
44
45
46
3.1
1.9
4.0
8.8
4.4
2.3
4.3
11.1
8.5
2.6
2. 1
7.5
11.4
2.5
3.4
3.3
10.0
2.5
-1.0
3.0
9. 1
2. 4
-9.7
3.3
9.7
2.4
-10.5
5.8
11.6
2.4
25-3
1.8
9-1
2.4
-11.0
12-7
8.7
2.4
12.8
-4.7
11.9
2.4
5.0
12.1
47
48
49
6.5
2.3
1.2
-1.7
2.7
1.8
3.8
2.4
.8
8.4
1.8
.6
-3. 1
1.8
-1.0
-5.0
1.6
-1. 4
-6.1
2.1
-1.4
-1.9
1.8
-.6
3.7
2.2
.5
11.4
2-1
-1.3
1.0
2.3
-1.6
50
-55.5
-70. 1
-73. 8
-47.8
-64. 1
-65.7
-77.8
-72.0
-66.5
-23.3
-. 6
Dep. ♦ cr. aht. instr. (1)
19
43
44
45
46
Tax-exeapt debt
Other aortgages
Bank loans n.e.c.
Other loans
47
48
49
Security credit
Trade debt
Hiscellaneous
50
-58.6 Discrepancy
(1) Excludes corporate equities.
Memoranda:
51
52
53
54
55
56
100.3
4.5
95.8
44.1
95.4
-39.2
96.0
4.9
91.2
48.5
74.4
-26.8
75.2
4.8
70.4
51. 1
49.5
-25-4
108.2
6-3
101.8
53-2
110. 1
-55. 1
132. 1
6.7
125.3
57.4
138.5
-63.8
132.5
6.7
125.8
56.7
150.4
-74.6
135.4
6.7
128.7
58.0
134.5
-57.1
133-9
6.8
127- 1
58-9
136.6
-61.6
134.5
6.4
128.1
61- 1
129-0
-55.6
139.4
6.7
132.8
63. 1
141.3
-64.9
Net physical investaent:
(A) Besidential construction
Expenditures
141.6
Hobile hoaes
6.9
134.6
Other
- Capital consuaption
64.2
- Home aortgages
148.7
-71. J
= Excess net investaent
57
58
59
214.7
182.0
32.8
235.4
196.3
39.1
245.1
209.6
35.5
279-8
218.3
61.5
318.8
233.6
85.2
320.7
231.3
89.4
317.2
235.8
81.4
326.3
239-3
86.9
334.8
243.5
91.3
339.2
247.3
91.9
(B) Consuaer durables
Expenditures
356-8
- Capital consuaption
251.3
105.5
= Net investaent
60
61
4.7
28.1
22.7
16.3
20- 1
15.4
59-8
1.7
96.5
-11.3
125.4
-36.0
90.2
-8.8
91-5
-4.5
121-3
-30.0
112- 1
-20.2
115.2
-9.8
62
63
64
8.6
7.2
1.4
9.8
7.8
1.9
11.0
8.3
2.6
12.4
8.9
3.5
13.9
9.6
4.3
13.7
9.5
4.2
14.1
9.7
4.4
14.5
9.9
4.6
14.9
10. 1
4.8
65
66
15.5
6.0
16.0
6.7
15.6
6.2
14.7
5.0
14.5
6. 1
14. 4
5.7
14.5
6.3
14.6
6.2
67
22.1
22.7
22.0
21-5
23.0
22.6
23.2
68
69
70
71
17.3
14.6
6.9
6.3
16.4
15.5
5.8
5.7
14.9
14.8
4.4
4. 1
16.7
15.2
8-4
8-0
17.6
17.2
9.4
9.4
17.9
17.8
10.6
10.8
17.4
17.2
8.5
8.7
72
1865.9
2086.2
2229.3
2394.5
2641.7
51
52
53
54
55
56
57
58
59
- Consuaer credit
- Excess net investaent
60
61
15.3
10.3
5.0
(C) Nonprofit plant and equip.
Expenditures
15.7
- Capital consuaption
10.5
5-2
= Net investaent
62
63
64
15.6
4.5
14.1
5.1
15.2 Effective tax rate
2.7 Saving rate, NIA basis
23.2
21-0
22.5
21.0 Gross saving
17-5
18-2
9-9
9-9
18.0
15-5
10.0
9.8
17.6
15.8
10.2
9.7
18.4
15-3
10. ©
10.6
Per cent ratios:
Per cent of disposable incoae adj.
BILLIONS OF DOLLABS.
65
66
(2) :
Capital expenditures
Acquisition of finan. assets
Net increase in liabilities
Credit aarket borrowing
67
68
69
70
71
72
2612.2 2679.2 2716- 1 2695-6 2804.9 2791.3 (2) Disposable incoae adj.
(NIA disposable incoae * govt, insurance credits * capital gains divid.)
III/85 BASED ON INCOHPLETE INFOBHATION
DECEMBER 6, 1985
Total and Noncorporate Business
Total and Noncorporate Business
Sector Statenents of Saving and Investaent
ONADJOSTED NET ELONS($ MILL)
ONADJOSTED NET ELONS($ HILL)
|
1
1 Incoae before tazes
II
1984
III
IV
1
1
I
1985
II
III
1975
Nonfinancial
Business - Total
2 Gross saving
97,688 91,329 93,728 90,173 92,938 91,926
113,645 106,548 107,060 110,075 121,869 117,307
3 Gross investaent
106,344
99,446
208.9
154.1
BILLIONS OE DOLLARS
1976
1977
1978
241.4
171.5
276.6
198.8
1979
314.6
223.4
343.6
243.9
1
2
3
80, 110 111,800 116,232 110,696
148- 1
162.3
182.2
199.6
242.4
4 Capital expenditures
127,304 129,9b7 114,103 108,768 128,257 120,532
5
fixed investaent
110,732 106,061 108,739 98,118 121,512 1 14,041
Business plant * eguipaent 98,559 98,194 106,159 100,463 110,053 105,676
6
7,216
2,479 -2,098 -6,997
3,628
7
Hoae construction (1)
7,177
Hulti-faaily residential
5,388
4,678
4,652
4,243
4,737
8
4,996
Change in inventories
5,802
9
14,052 22,054
3,439 10,170
4,297
1,852
1,925
2,194
10
480
943
Mineral rts. froa O.S. Govt.
2,520
148.2
153.8
146.0
2.8
5.0
-6.9
1.3
184.6
168.8
161. 1
4.2
3.4
11.8
4. 0
228.8
203.3
190.6
5.5
7.2
23.0
2.5
269.9
241.5
230.7
2.6
8.2
26.5
2.0
299.6 4
280.6 5
269.2 6
.2 7
11.2 8
14. 3 9
4. 7 10
3,032 -12,025 -9,836
11 Net financial investaent
-20,960 -30,521 -33,993
Net acg. of financial assets 23,749 10,303 24,088
12
4,392 11,518
9,799
Net increase in liabilities
1,360 23,543 19,635
13
44,709 40,824 58,081
14
Corporate eguities
-26,382 -16,800 -17,925 -21,075 -16,775 -18,750
Credit aarket instruaents
15
80,741 56,123 74,543 39,254 59,334 41,009
16
Bonds
8,476 15,895 29,865 16,761 20,741 20,326
17
Mortgages
8,134 21,985 16,260
28,258 22,035 14,592
9,608 22,401
18
Bank loans n.e.c.
26,002
3,643
5,060
7,392
19
8,585
7,685 10,716
9,216
-637
Other loans
18,005
-.2
44.3
44.5
9.9
41.8
29-8
16.0
-9.2
5.2
-22.3
58.3
80.5
10.5
69.8
25.3
22.9
4.6
17.0
-46.6
67.4
114.0
2.7
110.0
29.5
34.4
24.3
21.7
-70.3
98.5
168.8
-. 1
128. 1
28.8
37.9
33.3
28.1
-57.1
131. 1
188.3
-7. 8
152.7
27.3
41.8
49.3
34.3
20
21
Trade debt
Other liabilities
22 Discrepancy
11
12
13
14
15
16
17
18
19
8,630
-18,280
9,293
-7,792
6,939
-5,47b
-8,908
-68
-7,911 -18,948
2,874
-5,498
7.9
-15. 1
13.3
-13. 1
24.2
-22-9
53.8
-12.9
55. 1 20
-11.7 21
7,301
7,102
26,950
-1,725
5,637
6,611
6.0
9.2
16.5
23.8
1.4 22
Earn Business
1 Net incoae
5,858
6,830
7,347
6,434
5,861
2,900
24.6
19. 1
19. 1
26.3
31.9
1
2 Net saving
3 Capital consuaption
4
Corporate
5
Noncorporate
6 Current surplus = gross saving
62
5,691
692
4,999
5,753
82
5,718
696
5,022
5,800
101
5,751
697
5,054
5,852
133
5,775
698
5,077
5,908
167
5,80 4
702
5,102
5,971
214
5,847
705
5,142
6,061
-1
10. 1
1.0
9. 1
10-2
-. 1
11. 1
1.2
9.9
11. 1
-.3
12.6
1. 4
11.2
12.3
-2
14.2
1.6
12.6
14. 4
.1
1b.3
1.9
14. 4
16. 4
2
3
4
5
6
7 Gross investaent
8 Capital expenditures
9
Plant and eguipaent
10
Residential construction
11
Change in inventories
5,753
4,393
3,221
285
887
5,800
5,505
3, 153
331
2,021
5,852
5,894
3,263
269
2,362
5,908
4,966
3, 126
200
1,640
5,971
5,448
3,622
209
1,617
6,061
4,278
3,689
439
150
10.2
17.3
12-8
1.0
3-5
11. 1
12.9
13.8
1. 1
-2.0
12.3
17.8
15.2
1.5
1. 1
14.4
20.4
17.b
1.7
1. 1
16.4 7
27.2 8
19.9 9
1.7 10
5.7 11
12 Net financial investaent
13
Net acg. of financial assets
14
Denand deposits ♦ currency
15
Miscellaneous assets
16
Insurance receivables
17
Eg. in spons. ags. (2)
1,360
488
40
448
437
11
295
510
41
469
435
34
-42
448
42
406
397
9
942
417
43
374
363
11
523
27 7
44
233
334
-101
1,783
324
45
279
298
-19
-7. 1
1.0
.1
.9
.7
.2
-1.8
1.4
-. 1
1.5
1.3
-2
-5.6
1.8
.1
1.7
1.5
-2
-5.9
2. 1
.1
2.0
1.7
-3
-10.8
2. 1
. 1
1.9
1. 5
-4
12
13
14
15
1b
17
18
19
20
21
22
23
24
-872
3,912
1,001
1,783
1,128
530
598
215
2,311
789
287
1,235
733
502
490
-3,526
-84
-1,727
-1,715
267
-1,982
-525
-3,606
-154
-1,584
-1,868
-650
-1,218
-246
2,9b6
-52 9
1,809
1,686
1,693
-7
-1,459
-1,123
-2, 128
800
205
498
-293
8- 1
8.5
4. b
2-0
1.9
-8
1. 1
3.2
10.2
5.7
3.0
1.5
.1
1-3
7.4
12. 3
7. 1
2.5
2.7
1.3
1.4
8.0
14. 6
7.2
2.5
5.0
3.5
1.5
12.9
21.4
11.8
2.8
6.7
3. 4
3.3
18
19
20
21
22
23
24
418
-5,202
231
-2,327
336
3,680
209
2,872
234
-3,446
260
-596
.5
-.8
-8
-7.8
.9
-5.8
1.6
-8.3
1.2 25
-9.6 26
25
26
Net increase in liabilities
Credit market instruments
Mortgages
Bank loans n.e.c.
Other loans
O.S. Governaent
fed. Int. Credit Banks
Trade debt
Proprietor net investment
Nonfarn Noncorporate Business
1 Net incoae
2 Gross svy.^capital consump.
40,690
17,427
40,650
17,742
41,504
18,125
42,468
18,055
43,481
18,080
44,776
18,872
7 7.6
24.2
87.8
26-2
101.5
29. 1
110.8
33.2
120.8
38.7
1
2
3 Gross investaent
4 Capital expenditures
5
fixed capital
6
Plant and eguipment
7
Hoae construction (1)
8
Multi-family residential
9
Change in inventories
17,427
25,783
24,273
17,113
3,446
3,714
1,510
17,742
24,497
22,742
17,755
1,074
3,913
1,755
1d,125
19,463
19,983
17,392
-1,184
3,275
-520
18,055
18,036
18,446
18,495
-3,599
3,550
-410
18,080
25,407
24,771
18,371
3,504
2,89 6
63 6
18,872
24,129
23,577
18,712
1,595
3,270
552
24.2
21.2
22.3
16.9
.9
4.5
-1. 1
26-2
23.4
22. 4
18.3
1.6
2.5
1-0
29. 1
35. 9
33.9
2b. 3
2.0
5-7
2.0
33.2
47. 9
45.9
39.4
.4
6.0
2.0
38.7
52.9
53.2
45-5
-.8
8. 5
-. 4
3
4
5
6
7
8
9
10 Net financial investaent
11
Net acg. of financial assets
12
Demand deposits ♦ currency
13
Consumer credit
14
Miscellaneous assets
15
Insurance receivables
16
Eguity in spons.ags. (2)
-8,356
2,402
1,627
775
776
-1
-6,755
2,212
1,439
773
767
6
-1,338
3,217
2,515
702
686
16
19
1,371
753
618
609
9
-7,327
2,335
1,818
517
54 4
-27
-5,257
2,739
2,273
466
464
2
3.0
2. 1
.8
1.3
1.2
V
2-8
3.3
1.2
2- 1
2. 1
-1
-6.8
3. 1
.6
2. 6
2.5
*
-14.6
4. 4
1.4
3.0
2-9
.1
-14.2
4.8
1.8
3.0
2.9
. 1
10
11
12
13
14
15
16
17
18
19
20
21
22
10,758
26,866
24,544
2,757
4,847
16,940
8,967
18,752
20,372
859
2,310
17,203
4,555
19,048
15,692
-947
3,760
12,879
1,352
11,903
1 1,234
-2,879
4,894
9,219
9,662
21,934
19,818
2,80 3
2,839
14,176
7,996
18,372
17,243
1,276
3,428
12,539
-.9
12-5
12-5
-7
—.3
12-0
.5
15-4
1-2
2. 7
10.8
9.9
28. 0
23-8
1.6
5. 1
17. 1
19-1
32.8
26.6
-4
b. 7
19.5
19.0
35.3
28.6
-. b
5.9
23.3
17
18
19
20
21
22
1,171
1,151
-434
-1,186
757
2,599
-286
955
-71
2,187
-756
1,885
-2.0
2.0
• -3.6
4-3
.9
3.3
-3
6.0
. b 23
6. 1 24
917
751
917
551
566
999
-17,025 -10,536 -15,492 -11,468 -12,823 -10,942
1- 1
-14.4
2.2
-17.2
1.2
-19.2
3. 1
-1b.9
. 1 25
-16.5 26
23
24
25
26
Net increase in liabilities
Credit marxet instruments
Mortgages
Hone mortgages
Multi-family
Commercial
Bank loans n.e.c.
Other loans
Trade debt, net
Proprietor net investaent
(1) Earn plus nonfara change in work in process.
(2) Shares in EICB's, Banks for Coops, and federal Land Banks.
III/85 BASED ON INCOMPLETE INEOBHATION
14. 8
DECEHBEB 6, 1985
Total and Noncorpocate Business
Total and Noncorporate Business
Sector Stateaents of Saving and Investnent
9
SEASONALLI ADJUSTED ANNUAL BATES
SEASONALLI ADJUSTED ANNUAL BATES
1980
1981
1982
1983
1
|
1984
Nonfinancial
II
1984
III
IV
|
II
I
1985
II
III
Business - Total
331.5
303-4
268-0
314- 1
307- 1
366.9
375.7
427.9
382- 1
424.4
363.8
434-9
376-4
443.0
369-3
447.4
362.5
454. 1
366.3 Incoae before taxes
479-2 Gross saving
1
2
233-9
266.4
255.2
319-6
384-5
383-7
387-8
387.8
427-2
417.7
435-7 Gross investnent
3
284.3
289-1
286.5
-.2
2-8
-9.8
5-0
367-2
336-3
328.2
-2-2
10.3
26.0
4.8
319.3
337.6
321-5
2.6
13.4
-26.1
7-8
339.7
345.4
321-4
7-9
16.2
-13-5
7.8
478-4
412.3
390-5
1-8
19.9
58.2
7-9
469.7
409. 1
386-0
4-3
18.8
50-6
10- 1
499.1
419.9
400.0
-2-2
22.1
71.8
7.4
474-9
430.5
411- 1
-.8
20.3
36.6
7.7
478.6
436-1
415.4
3-0
17-7
40-7
1.9
471.0
449.4
430.8
2.7
15-9
17-9
3-8
463.3 Capital expenditures
4
Fixed investaent
454.8
5
433-2
Business plant * eguipaent 6
7
2-2
Hone construction (1)
19.4
Hulti-faaily residential
8
Change in inventories
9
-.3
Hineral rts. froa U.S. Govt. 10
8.8
11
12
13
14
15
16
17
18
19
-50-5
101-5
151-9
12-9
125-7
37-5
32-1
33-1
23-0
-100-9
70-1
171-0
-11-5
158.3
35-2
31-9
50-4
4 0.8
-64. 1
29-8
93-9
11-4
120.7
33-8
34-0
52.0
-9
-20. 1
121-0
141. 1
28.3
124-3
25.5
63. 1
23.4
12-3
-93.9
87-0
180.9
-77-0
262.4
60.8
73.1
80.4
48.1
-86.0
99-7
185.8
-105.5
275-3
37-8
87.8
96-5
53-2
-111-3
18.2
129-5
-67-2
224.8
62.9
74-6
45-7
41.6
-87- 1
97-8
184.9
-71.7
301.4
114-7
68-6
76-7
41-3
-51-4
37.9
89-3
-84-3
206.8
67.3
64.0
27-9
47-6
-53.3
40-7
94-0
-67.1
187.6
89-2
60.3
21.1
17-0
-27.6 Net financial investaeat
21- 1
Net acg. of financial assets
48.7
Net increase in liabilities
Corporate eguities
-75.0
163.7
Credit aarket instruaents
79-9
Bonds
50-4
Hortgages
30.0
Bank loans n-e-c.
3-4
otner loans
11
12
13
14
15
16
37
18
19
20
21
39-8
-26-4
30-9
-6.7
-7-5
-30.7
37.2
-48.7
29-4
-33.8
37-7
-21.7
23.3
-51.4
-8.8
-36-0
17-4
-50.6
-1.3
-25-2
1.4
-41.5
20
21
22
20.0
37.0
58.9
47.3
43.4
40.7
47.1
55-3
20-1
36.4
43.5 Discrepancy
1
2
317.9
253-8
3
4
5
6
7
8
9
10
Trade debt
Other liabilities
22
Earn Business
1
21.8
31.5
21.8
13-8
28-2
23-4
27-3
29.4
25.7
23-4
11.6 Net incoae
1
2
3
4
5
6
-.5
18-6
2.2
16-4
18.1
-.8
20.6
2.5
18.1
19-8
-.5
21-9
2.7
19.2
21.4
--1
22-4
2-8
19-6
22-2
.3
22.8
2.8
20.0
23- 1
.2
22.8
2.8
20.0
23.0
-3
22-9
2-8
20.1
23.2
-4
23.0
20-2
23.4
-5
23-1
2-8
20-3
23.6
-7
23.2
2.8
20.4
23-9
-9 Net saving
23-4 Capital consuaption
Corporate
2.8
20.6
Noncorporate
24-2 Curreat surplus = gross saving
2
3
4
5
6
7
8
9
10
11
18-1
15-2
18.7
1-8
-5.3
19-8
27.4
18-3
1-3
7.8
21.4
14- 1
14.7
1.5
-2. 1
22-2
4-7
14.2
1.0
-10.4
23-1
22.7
13.1
1- 1
8.6
23.0
17.5
12-9
1-0
3.5
23-2
21.9
12.6
1-2
8.1
23-4
23-5
13-1
1-0
9.4
23-6
20- 1
12-5
1.0
6.6
23.9
21-7
14-5
.8
6.5
24.2 Gross investaent
17.0 Capital expenditures
Plant and eguipaent
14.8
1-7
Besidential construction
.6
Change in inventories
12
13
14
15
16
17
3-0
2-0
-1
1-9
1.3
.6
-7-6
1-9
-1
1-7
1- 1
-6
7.3
1-8
-1
1-7
1-3
-4
17.5
1-6
.1
1.5
1.4
.1
.4
1-9
.2
1.7
1-7
-1
5-5
2.0
-2
1.8
1.7
*
1-3
2.0
-2
1.9
1-7
.1
-. 1
1-8
.2
1.6
1.6
V
3-5
1.7
-2
1.5
1.5
2.2
1- 1
.2
-9
1-3
-.4
18
19
20
21
22
23
24
-1.0
14-3
9-3
-5
4-5
2-6
1-9
9-5
16-4
9.9
1.4
5-2
3.4
1-8
-5.4
7-9
5-3
3-2
-.6
.2
-.8
-15.8
4-5
3.0
2-8
-1-3
*
-1.3
1.5
2-9
2-1
1-0
-.1
1- 1
-1.2
-3.6
-4
2-4
1.6
-3-6
-.7
-3.0
-8
6.5
2.8
-5
3. 1
2-9
.2
1.9
1- 1
1.4
-2-2
1-9
3-6
-1-7
-1.9
-11.0
-. 1
-5. 1
-5-8
-2.1
-3.7
-1. 1
-3-3
-3-6
1-6
-1.3
4.2
-5.5
-5.9
-8- 1
-9- 1
2.6
-1.6
1.8
-3.4
25
26
1,0
-16.3
1-1
-8.1
-.6
-12.8
.8
-21.1
1-3
-2.8
1.7
-5.7
.9
-6.6
1.3
-.5
-8
8-3
-9
1-3
1.0
1- 1
2-8
7
8
9
10
11
7.2 Net financial investaent
Net acg. of financial assets
1-3
Deaand deposits * currency
.2
1-1
Hiscellaneous assets
Insurance receivables
1-2
-. 1
Eg. in spons. ags. (2)
12
13
14
15
16
17
Net increase in liabilities
Credit aarket instruaents
Hortgages
Bank loans n.e. c.
Other loans
U.S. Governaent
Fed- Int. Credit Banks
18
19
20
21
22
23
24
Trade debt
Proprietor net investaent
25
26
Nonfara Noncorporate Business
1
2
118-7
46.2
122.8
53-2
122-5
58.4
144.5
64-2
162-6
70-0
162-8
69- 7
162-6
71.0
166.0
72-5
169-9
72.2
173.9
72.3
3
4
5
6
7
8
9
46.2
48-0
49.2
50-0
-1.0
-2
-1.3
53.2
68-6
67.4
61-3
-1.7
7.8
1-2
58.4
75-5
77.3
65-7
.5
11- 1
-1.8
64.2
78-7
78.6
62-9
3-5
12-3
*
70-0
87-8
84.6
69-5
-4
14.8
3.2
69.7
88-2
84-0
68.5
1-6
13.9
4- 2
71.0
89-2
85.9
71-0
-1.7
16.6
3-3
72.5
87-6
85-4
71-6
-.9
14-7
2.2
72-2
87-0
87-3
74.0
1-0
12-4
-.3
72-3
85.7
85.2
73-5
1-0
10.8
.5
10
11
12
13
14
15
16
-1-8
3.0
.4
2.6
2-5
.1
-15.4
4.9
2-7
2. 1
2- 1
-1
-17-1
3.8
1-8
2. 1
2-0
*
-14-5
6. 1
3.8
2-3
2.3
*
-17.8
8-9
6.0
2-9
2-9
*
-18-5
11-9
8.8
3- 1
3- 1
*
-18.3
8-3
5-2
3-1
3. 1
*
-15. 1
9-9
7. 1
2.8
2-7
-1
-14-8
8-0
5-6
2-5
2.4
*
-13-4
10.8
8.8
2. 1
2.2
-.1
17
18
19
20
21
22
4-8
31-0
20-8
-.8
4.0
17-5
20-2
38.4
23.9
-1.4
4. 1
21-2
20-9
40.9
30-0
-4
5-9
23.7
20-6
65-2
57-2
2.8
8.6
45-8
26.8
77.8
70-7
.3
13-8
56.6
30-4
91. 4
84.3
1.3
19-6
63-4
26.6
75.0
73.0
-1.4
9-3
65-1
25.0
70.1
68.2
-.7
14.7
54.2
22-8
73.9
63.6
.8
19-6
43-2
24.3
68.9
63-5
-8
11.6
51.2
21-8
73.3
59-8
-2
13-8
45.8
23
24
3-4
6.8
6.2
8-3
7.3
3-6
1.7
6.4
2-2
4-9
2.3
4-9
.8
1- 1
3-7
-1.9
-1.7
12-0
-3.1
8.4
-.2
13-7
25
26
-.9
-25-3
-1.1
-17.1
-2-4
-17.6
.7
-45.3
3-3
-54-3
3-7
-64.7
3-0
-51.4
4.0
-49-1
3-7
-54.7
2-2
-46-8
2-3
-53.7
179. 1 Net incoae
75-5 Gross svg-=capital consuap.
75-5 Gross investment
87.3 Capital expenditures
Fixed capital
89-2
74-8
Plant and eguipaent
Boae construction (1)
.3
flulti-faaily residential
14.0
-1.8
Change in inventories
-11.9 Net financial investaent
Net acg. of financial assets
10-0
Demand deposits * currency
8-1
Consumer credit
1-9
Hiscellaneous assets
Insurance receivables
1.9
*
Eguity in spons.ags. (2)
Net increase in liabilities
Credit market instruaents
Hortgages
Home mortgages
Hulti-fanily
Commercial
Bank loans n-e-c.
Other loans
Trade debt, net
Proprietor net investaent
(D Para plus nonfara change in work in process.
(2) Shares in FICB' s. Banks for Coops , and Federal Land Banks.
BILLIONS OF DOLLARS-
III/85 BASED ON INCOHPLETE INFOBHATION
1
2
3
4
5
6
7
8
9
10
11
12
13
14
35
16
17
18
19
20
21
22
23
24
25
26
DECEMBER 6, 1985
Nonfinancial Corporate Business
Nonfinancial Corporate Business
Sector Statenents of Saving and Investnent
I0
OMADJOSTED BET FLOWS($ MILL)
UNADJOSTED NET FLOWS($ MILL)
I
1
II
1984
III
IV
|
1
1985
II
I
III
1975
BILLIONS OF DOLLABS
1976
1977
1978
1979
Nonfinancial Corporate Business, Excluding Faras
51,140
20,643
18,788
17,588
43,849
15,936
18,795
6,998
44,877
16,417
23,361
1,258
41,271
16,279
20,008
5,193
43,596
17,418
20,027
12,844
44,250
16,957
19,879
4,957
106.7
41.0
31.7
34.0
134-5
52.4
38.2
43.9
156.1
59.4
42.0
54.7
177-5
66.6
48.0
62.8
190.9
68.9
54.7
67- 3
1
2
3
4
Capital consuaption adj.
Depreciation charges, NIPA
Earnings rec. froa abroad
U.S. internal funds, book
12,857
56,634
2,283
89,362
14,290
57,519
1,183
79,990
15,788
58,586
3,003
78,635
16,888
59,584
2,135
83,800
18,288
60,533
22 8
91,893
19,822
61,674
542
86,995
-9.6
93.8
6. 1
124.4
-12.9
103.6
8.2
142-9
-10.6
114.3
10.3
168.7
-12. 1
129.2
10-5
190.5
-13. 7
147.7
15. 1
216.4
5
6
7
8
9 ♦ Fgn. earnings ret. abroad
10 * Inv. valuation adjustment
11 = Total internal funds ♦ IVA
3,638
-2,535
90,465
2,556
460
83,006
4,185
263
83,083
2,717
-405
86,112
6,151
-22 6
97,818
2,912
2,467
92,374
6.9
-1 1.6
119.7
6.0
-14. 7
134.2
4.8
-16.2
157.4
9.2
-24.0
175.7
15.5 9
-43. 1 10
188.8 11
12 Gross investaent
13 Capital expenditures (1)
14
Fixed investment
Plant and eguipaent
15
16
Hoae construction
17
Hulti-faaily residential
18
Inventory change ♦ IVA
19
Hineral rts. from U.S. Govt.
83,164
97,128
82,953
78,225
3,446
1,282
11,655
2,520
75,904
99,965
79,835
77,286
1,074
1,475
18,278
1,852
56,133
88,746
85,224
85,004
-1,183
1,403
1,597
1,925
87,837
85,766
76,346
78,842
-3,598
1,102
8,940
480
92,181
97,402
92,910
88,060
3,503
1,347
3,549
943
85,763
92,125
86,336
83,275
1,594
1,467
3,595
2,194
113.6
109.7
117.7
116.3
.9
-5
-9.3
1.3
125-0
148-3
131.5
129.0
1.0
.9
12.8
4. 0
140.9
175. 1
152.7
149.2
2.0
1.5
19.9
2.5
151-9
201.7
176.3
173.7
.4
2. 1
23.4
2.0
187.3
219.5
205.8
203-9
-.8
2.6
9.0
4.7
20 Net financial investaent
-13,964 -24,061 -32,613
21
Net acg. of financial assets 20,859
7,581 20,423
2,071
2,604
-5,221
8,906
-6,362
6,736
3.9
41.2
-23.3
53. 5
-34.2
62.5
-49.7
92-0
-32. 1 20
124. 3 21
17,496 -13,651
6,196 -6,836
5,461
-433
1,331
-1,922
-221
-707
214
2,557
506
-2,442
-1,943
3,495
199
923
-2,115
-700
19.8
6.2
1.9
-.8
.8
14.6
2.4
2. 1
2.3
1. 7
3.7
2. 8
4.8
1-2
1.3
15-8
4.4
2.0
5.5
2.0
3,893
-39
4,614
-1,605
73
-5,960
2,088
48
-600
615
99
4,474
8.7
-.2
J. 1
2. 1
-1. 1
5.0
-6.4
*
-. 1
1.5
.2
-2
780
4,597
14,440 -12,927
1,788 11,257
-1,241
3,103
-2,652
2,179
1,411
924
-1,773
14,678
3,350
-1,076
-2,373
1,297
1,454
-196
7,434
4,982
-1,852
6,834
1,329
5, 194
-3,282
3,365
-635
4,000
-7
5.8
14.9
14.0
6.0
8.0
1.9
18.7
18.3
1 1.6
3.9
7.7
1.2
36. 1
21.5
11. 5
5. 1
6.4
1.8
56.0
18-5
15. 7
4.4
11.3
1,060
3,366
957
108
1,387
805
-7,452
2.2
*
-1.4
3. 4
*
3.2
4.4
.1
5.5
-2.8
5.5 36
. 1 37
2.5 38
34,823 31,642 53,036
533 14,127 13,098
23,581 18,260 41,096
9,882 17,659
5,010
-26,382 -16,800 -17,925 -21,075 -16,775 -18,750
37.3
30.8
9.9
7b. 8
54.7
10.5
96.7
72.4
2.7
141.8
80-5
-. 1
156. 4 39
88.2 40
-7.8 41
96.0 42
10.0 43
17.3 44
1
2
3
4
Profits before tax
- Profit tax accruals
- Doaestic net dividends
= Doaestic undist. profits
5
6
7
8
*
*
*
-
4,335
1,060
-3,993
3,001
-1,362
-9,427
-4,546
983
-4,198
-1,110
1,090
-105
4,644
-2,659
57
2,046
22
23
24
25
26
Liguid assets
Deaand dep. and currency
Tiae deposits
Security RP's
Foreign deposits
27
28
29
U.S. Govt, securities
Tax exempt obligations
Coaaercial paper
30
31
32
33
34
35
Consuaer credit
Trade credit
Hiscellaneous assets
Foreign dir. invest. (2)
Eguity, etc.
Retained earnings
1,967
13,691
866
614
-1,727
2,341
36
37
38
Insurance receivables
Eguity in sponsored ags.
other
1,368
-1,116
39
40
41
Met increase in liabilities
Net funds raised in akts.
Net new eguity issues
1,355
1,674
1,204
6,950
5-6
♦
18.6
6.3
4.7
2.6
1.5
12
13
14
15
16
17
18
19
22
23
24
25
26
1.6 27
♦ 28
1.9 29
1.6
69. 4
34.6
26. 6
7.6
19.0
30
31
32
33
34
35
42
43
44
Debt instruaents
Tax-exempt debt (3)
Corporate bonds (2)
49,963
2,219
6,257
35,060
3,3b4
12,531
59,021
10,959
18,906
30,957
3,400
13,361
34,434
5,000
15,741
23,760
5,761
14,565
20.9
2.6
2 7.2
44.2
2.5
22.8
69.7
6.7
22.9
80-b
7.7
21.1
45
46
47
48
Hortgages
Home mortgages
Hulti-faaily
Coaaercial
2,713
2,757
27
-71
874
859
57
-42
-1,016
-947
-56
-13
-2,946
-2,879
-83
16
2,696
2,803
-152
45
1, 145
1,276
-205
74
-1. 1
.7
.3
-2. 1
2. 4
1.2
1.2
3.5
1-6
2.0
-. 1
4. 1
-4
2.7
1. 1
1. 4
-.6
2.4
-. 4
45
46
47
48
49
50
51
52
53
Bank loads n.e.c.
Commercial paper
Acceptances
Finance company loans
U.S. Governaent loans
23,048
10,945
1,237
3,444
100
9,755
6,886
-185
834
1,001
23,371
-1,859
20
8,511
129
5,513
4,482
-396
5,846
1,697
5,654
5,914
110
-8 4
-597
5,016
836
279
-5,242
1,400
-9.1
-2.9
.2
3.8
.2
5.2
1.4
1.3
8.4
.2
20.9
1.6
.6
13.5
*
30.6
2.7
1.2
11-5
1-7
45.9
9-0
1. 0
10.2
1.2
49
50
51
52
53
-5,342
7,295
9,289
8,295
994
-157
8,311
5,228
4,042
1,186
1,644 -1,397
5,604 -10,034
4,692
2,082
3,804
1,537
545
888
-7,581
-853
4,902
4, 146
756
1,540
2,048
4,500
3,764
736
-2. 4
6.3
2.6
1.4
1.2
7.5
10. 3
4.3
2.7
1. 7
-1.5
22. 1
3.7
2- 1
1-6
4. 3
49- 1
7.9
5.3
2.6
2.5
53.8
11.9
7.9
4.0
54
55
56
57
58
7,301
7, 102
-1,725
5,637
6,611
6.0
9-2
1b. 5
23.8
1. 4 59
24,712
19,494
657
25,363
3,146
13,806
-.5
42-4
8. 4
45.2
14. 0
59. 9
6.9
63.8
15. 6 60
68. 1 61
13,815
17,142
5,711
23,437
10,997
2,563
21,471
2,289
5,877
28.7
-7.9
-4.0
27.7
16.5
34.2
33. 1
3b. 6
57.2
32.9
47-7
101.0
28.7 62
67.3 63
123.7 64
39,444
99,598
36,094
39,953
99,574
35,352
38,320
99,730
25,791
38.4
91.7
19.0
39.0
110.5
29.8
38.0
111.3
39.8
37.5
114.8
40-0
3b. 1 65
116.3 66
43. 7 b7
54
55
56
57
58
Profit taxes payable
Trade debt
Fgn.direct invest, in U.S.
Eguity, etc.
Retained earnings
59 Discrepancy
60
61
62
63
64
65
66
67
2b,950
Hemorandua items:
Trade credit net of trade debt
6,396
6,129 -18,531
Profits tax payaents
25,990 14,989 13,939
Debt subtotals:
Securities aad aortgages
11,189 16,769 28,849
Loans and short-tera paper
38,774 18,291 30,172
Total short-tera liab. (4)
40,727 26,445 37,420
Per cent ratios:
40,365 36,342 36,582
Effective tax rate
Capital outlays/internal funds 107,365 120,431 106,816
Cr. akt. borrowing/cap. exp.
51,440 35,072 66,505
(1) Capital outlays on book basis:
68 Inventory change, NIPA
11,655
-2,535
69 Less: Inv. val. adjustaent
14,190
70 Inventory change before IVA
18,278
460
17,818
1,597
2b3
1,334
8,940
-405
9,345
3,549
-226
3,775
3,595
2,467
1,128
-9.3
-11.0
2-2
12.8
-14. 7
27.5
19.9
-16.2
36. 1
23.4
-24.0
47.5
9.0 68
-43. 1 69
52. 1 70
99,663 99,505
71 Total cap. expend, before I7A
89,362 79,990
72 U.S. internal funds, book
Financing gap: Excess of capital expenditures
10,301 19,515
73
over U.S. internal funds
88,483
78,635
86,171
83,800
97,628
91,893
89,658
86,995
121.3
124.4
163-0
142-9
191.3
168.7
225.7
190.5
262.6 71
216. 4 72
9,848
2,371
5,735
2,663
-3. 1
20. 1
22.5
35.2
4b. 2 73
(2) Corporate bonds include net issues by Netherlands Antilles subsidiaries,
and U.S. foreign direct investaent is before subtracting reflows of
capital froa Netherlands Antilles subsidiaries' foreign financing.
(3) Industrial revenue bonds. Issued by state and local governaents
to f inance private investaent and secured in interest and
principal by the industrial user of the funds.
(4) Loans (except aortgages), short-tera paper, profit taxes payable, and
trade debt. Includes loans due in aore than one year and excludes
current aaturities of securities and aortgages.
III/85 BASED ON INCOHPLETE INFORMATION
DECEMBER 6, 1985
Nonfinancial Corporate Business
Nonfinancial Corporate Business
Sector Stateaents of Saving and Investaent
n
SEASONALLI ADJOSTED ANNUAL SATES
1980
1981
1982
1983
SEASONALLI ADJOSTED ANMOAL BATES
1984
|
|
II
1984
III
IV
i
|
I
1985
II
III
Nonfinancial Corporate Business, Excluding Saras
1
2
3
4
177.4
66.7
61.7
49.0
177.2
63.6
67.6
46.0
123.7
44.3
69.0
10. 4
148.9
58.0
72-2
18.6
185.0
71.2
79.5
34.3
195.9
77.2
79.0
39.8
173.9
64.3
80.2
29.3
181.0
68.7
81.8
30.6
173-7
66.6
83.1
24.0
165. 1
63.6
84.2
17.3
175.6
68.7
84.9
22.0
Profits before tax
- Profit tax accruals
- Doaestic net dividends
- Doaestic undist. profits
1
2
3
4
5
6
7
8
-14.3
167.8
18-2
220.7
-6.0
189.5
14.5
244-1
4.0
207. 1
12.6
234.0
33.0
215.2
9.9
276.8
54.7
228.5
8.9
326.3
51.4
226. 5
9. 1
326. 8
57.2
230.1
9-7
326.3
63.2
234-3
5.5
333.6
67.6
238.3
10.3
340.2
73.2
242.1
.8
333.4
79.3
246.7
7.7
355.7
»
*
♦
=
Capital consuaption adj.
Depreciation charges, NIPA
Earnings rec. froa abroad
O.S. internal funds, book
5
6
7
8
9
10
11
11.7
-42.9
189.5
9.9
-23.6
230.4
9.8
-9.5
234.3
14.9
-11.2
280.5
14.1
-5.7
334.8
12.2
-7.3
331.7
14.6
-.2
340.7
15.2
-1.6
347.1
10.4
.9
351.5
22.0
2.5
357.9
16.6 ♦ Fgn. earnings ret. abroad
7.2 * Inv. valuation adjustaent
379.5 = Total internal funds ♦ IVA
9
10
11
12
13
14
15
16
17
18
19
169.6
221.2
219.4
217.8
-1.0
2.6
-3.2
5.0
193.4
271.2
249.4
24 8-5
-1.7
2.6
17.0
4.8
175.4
229.6
244.0
241.1
.5
2.3
-22. 1
7.8
233.2
256.3
251.7
244.3
3.5
3.9
-3. 1
7.8
291-4
367.8
313.5
307.9
-4
5.2
46.4
7.9
291.0
364. 1
311. 1
304.7
1. 6
4. 8
42.8
10. 1
293.6
387.9
320.1
316.3
-1.7
5.5
60.4
7.4
291.9
363.8
331. 1
326.4
-.9
5.6
25.0
7.7
331.4
371.5
335.2
328.9
1.0
5.3
34.4
1.9
321.5
363.5
348.9
342.9
1.0
5.1
10.9
3.8
336.0 Gross investaent
359.0 Capital expenditures (1)
Fixed investaent
349.3
343.6
Plant and eguipaent
.3
Hoae construction
5.4
Hulti-faaily residential
.9
Inventory change * IVA
Hineral rts. froa O.S. Govt.
8.8
12
13
14
15
16
17
18
19
20
21
-51.6
96.5
-77.9
63.4
-54.2
24.2
-23. 1
113.3
-76.4
76.2
-73. 1
85.9
-94.3
7.8
-71.9
86. 1
-40.2
28.2
-42.0
28.8
20
-23.0 Net financial investaent
Net acg. of financial assets 21
9.8
22
23
24
25
26
12.9
3.8
4.0
6.6
1.1
17.5
-6.8
1 4.9
*
-5
27.4
8.7
5.3
3.7
-2.5
46.4
-2.6
16.6
11.2
4.8
6.9
-5.6
4.7
-4.6
-4.0
18.5
-2.8
-7.9
12.0
-5. 4
-33.7
-18.9
5.6
-16.8
-4.4
29.2
3.1
9.2
-7.7
-2.8
-20.3
1.5
.6
5.3
-.9
-1.6
1.5
10.5
-9.8
-7.8
22.6
.9
5.4
-8.5
-2.8
Liguid assets
Deaand dep. and currency
Tiae deposits
Security RP’s
Foreign deposits
22
23
24
25
26
27
28
29
-.1
-.2
-2.3
-1. 1
V
10.0
4.2
-1
7.9
5.0
-7
10.7
7. 1
-. 1
9.4
3.5
-.4
19.5
4.4
.2
-3.8
6.5
-.2
21. 1
-13.2
-13.9
6.4
.2
-2.6
2 1.9
.4
5.3
O.S. Govt, securities
Tax exeapt obligations
Coaaercial paper
27
28
29
30
31
32
33
34
35
-5
47.4
35-8
21.9
4.9
17.0
2.6
22.5
20.8
13.0
-.5
13.5
-5
-13.4
9.7
4.7
-2.0
6.7
4.0
54.6
8.2
9.3
-.3
9-6
5.8
38-7
24.8
7.8
-3.2
11-0
8.8
53.5
5. 1
1.8
-7.6
9. 4
1.7
28.1
11.8
-2.5
-8.1
5.6
7.4
2.8
46.6
14.8
11. 1
3.7
8.7
36.1
3.7
-10. 1
-15.3
5.2
5.8
-6.2
30.8
19.5
-7.9
27.3
3.0
-8.3
-7.6
17.5
1.5
16.0
30
Consuaer credit
31
Trade credit
32
Hiscellaneous assets
Foreign dir. invest. (2) 33
34
Eguity, etc.
35
Retained earnings
36
37
38
4.7
*
9.2
3.7
4. 1
2.7
.1
2.2
3.4
*
-4.6
5.1
V
11.9
5.5
-2.2
5.4
8.9
4.8
27.0
4.2
9.6
3.8
.4
7.0
3.2
-28.3
Insurance receivables
36
Eguity in sponsored ags. 37
Other
38
39
40
41
148.1
93.3
12.9
141.3
92.0
-11.5
78.5
83.3
11.4
136.4
82-9
28.3
152.6
104.7
-77.0
159.0
78.0
-105.5
102.1
76.2
-67.2
158.0
158.6
-71.7
68.4
59.7
-84.3
70.8
55.0
-67. 1
32.8
23.5
-75.0
42
43
44
80.4
10.9
26.7
103.4
13.4
21.8
71.9
15- 1
18.7
54.6
9.4
16.0
181.7
18.5
42.3
183-5
8.9
28.9
143.4
13.5
49.4
230.3
43-8
70.9
144.0
13-6
53.7
122. 1
20.0
69.2
98.5
23.0
56.9
Debt instruaents
Tax-exeapt debt (3)
Corporate bonds (2)
42
43
44
45
46
47
48
2.0
-.8
3.0
-.2
-1.9
-1.4
-8
-1.3
-1.3
.4
-.6
-1- 1
2-9
2.8
.8
-.7
-3
.3
-2
-.2
1. 1
1.3
.1
-.3
-1.3
-1.4
.2
-.2
-1.0
-.7
-.2
-. 1
.5
-8
-1
.3
-8
-.6
-2
-.3
.2
-.8
.3
Hortgages
Hoae aortgages
Hulti-faaily
Coaaercial
45
46
47
48
49
50
51
52
53
29.1
4.0
.8
5.5
1.5
42.9
14.7
2.2
9-2
1-2
41.5
-6. 1
.7
2.0
1.3
18.9
-.8
-.4
8.9
-.5
77.2
21.7
1.0
19.5
1.2
92.7
34.9
2.7
13.9
-4
44.4
22.2
-2
11.0
4.0
75.3
17.8
-6.4
29.3
.5
34.8
7.3
8.4
18-9
6.8
22.6
14. 1
-2.8
.9
-2-4
27.6
-3.0
2.3
-13.6
5.6
Bank loans n.e.c.
Coaaercial paper
Acceptances
Finance coapany loans
O.S. Governaent loans
49
50
51
52
53
54
55
56
57
58
-1.7
39.6
16.9
11.7
5.2
-6.8
30.9
2 5.2
22.3
2-9
-14. 1
-4.6
13.8
16.2
-2.4
5.8
35.8
11.9
11.9
.1
, .7
24.7
22.5
18.8
3.7
11.5
32.3
37.2
33.2
4.0
-14.3
19.4
20.9
16.2
4.7
-5.2
-14. 1
18.8
15-2
3.6
-12.5
12-9
8.3
6.1
2-2
.7
-4.4
19.6
16.6
3.0
-6.8
-1.9
18.0
15. 1
2.9
Profit taxes payable
54
55
Trade debt
Fgn.direct invest, in O.S. 56
57
Eguity, etc.
58
Retained earnings
59
20.0
37.0
58.9
47. 3
43.4
40.7
47.1
55.3
20. 1
36.4
43.5 Discrepancy
-3
-.3
60
61
7.7
69.0
-8.3
71.1
-8.8
58.3
18.8
52.4
14.0
70.6
21. 1
64.7
8.7
79.6
16.9
74.5
23.2
78.2
-1.7
63.6
-6.4
74.2
62
63
64
39.6
40.9
78.7
33.3
70.2
9 4.2
32.5
39. 4
20.8
28.4
26.2
67.8
61. 1
120.6
146.0
33.9
144.6
188.4
61.6
81.8
86.8
113.7
116.5
97-2
67.8
76.2
76.6
89.6
32.5
28.7
79.6
18.9
10.2
65
66
67
37.6
116.7
36.4
35.9
117.7
38. 1
35.8
98.0
31.3
39.0
91.4
21.3
38.5
109.9
49.4
39.4
109. 8
50.4
37.0
113.9
37.0
37.9
104.8
63.3
38.4
105.7
38.7
38.5
101.6
33.6
39. 1
94.6
27.4
68
69
70
-3.2
-42.9
39.7
17.0
-23.6
40.6
-22. 1
-9.5
-12.7
-3. 1
-11.2
8. 1
46. 4
-5.7
52. 1
42.8
-7.3
50. 1
60.4
-.2
60.6
25.0
-1.6
26.6
34.4
.9
33.5
10.9
2.5
8.4
71
72
264.1
220.7
29 4.8
24 4.1
239. 1
234.0
267.5
276.8
373.5
326.3
371. 4
326. 8
388.1
326.3
365.4
333-6
73
43.4
50.7
5.1
-9.2
47.1
44.6
61.9
31.8
Net increase in liabilities
Net funds raised in akts.
Net nev eguity issues
fleaorandua iteas:
Trade credit net of trade debt
Profits tax payaents
Debt subtotals:
Securities and aortgages
Loans and short-tera paper
Total short-tera liab. (4)
Per cent ratios:
Effective tax rate
Capital outlays/internal funds
Cr. axt. borroving/cap. exp.
(1) Capital outlays on book basis:
.9 Inventory change, NIPA
7.2 Less: Inv. val. adjustaent
-6.3 Inventory change before IVA
370.6
361.0
351.8 Total cap. expend, before IVA
333.4
340.2
355.7 O.S. internal funds, book
Financing gap: Excess of capital expenditures
30.4
27.7
-4.0
over O.S. internal funds
(2) Corporate bonds include net issues by Netherlands Antilles subsidiaries.
and O.S. foreign direct investaent is before subtracting reflovs of
capital froa Netherlands Antilles subsidiaries* foreign financing.
(3) Industrial revenue bonds. Issued by state and local governaents
to finance private investaent and secured in interest and
principal by the industrial user of the funds.
(4) Loans (except aortgages), short-tera paper, profit taxes payable, and
trade debt. Includes loans due in aore than one year and excludes
current naturities of securities and aortgages.
BILLIONS OF DOLLARS.
III/85 BASED ON INCOHPLETE INFOBHATION
39
40
41
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
DECEMBER 6, 1985
State and Local Govts, and Foreign
State and Local Govts, and Foreign
Sector Statements of Saving and Investaent
12
UNADJUSTED NET FLOWS ($ HILL)
UNADJUSTED MET FLOWS($ HILL)
|
|
1984
11
111
|
IV
|
1985
I
III
II
1975
BILLIONS OF DOLLARS
1976
1977
1978
1979
State and Local Governaents - General Funds (1)
130,216 125,576 141,719 134,690 138,527 138,053
96,386 92,274 105,199 100,742 102,629 101,531
10,534 10,745 10,949 11,175 11,415 11,625
23,296 22,557 25,571 22,773 24,483 24,897
237-7
166.3
16.8
54. 6
267-8
187. 1
19.5
61. 1
297.7
208. 1
22. 1
67.5
327.6
225.7
24.7
77.3
352.0
244.0
27.4
80. 5
1
2
3
4
5 Total expenditures, NIA basis 116,573 121,365 121,511 120,436 126,927 132,202
Purch. of goods and services 111,942 116,821 116,727 115,438 121,719 126,583
6
5,619
4,631
4,544
4,784
4,998
5,208
7
Met interest and transfers
232.2
217.2
15-0
251.2
232-9
18.3
269. 7
250.4
19.3
297.3
278.3
19.0
321.5
306.0
15.5
5
6
7
1 Total receipts, NIA basis
Tax receipts
2
Social insurance receipts
3
Grants-in-aid received
4
8 Net surplus, NIA basis
9 - Retireaent credit to HH
10 = Gross saving
13,643
8,271
5,372
4,211
12,317
-8,106
20,208
11,719
8,489
14,254
6,502
7,752
11,600
14,175
-2,575
5,851
12,226
-6,375
5-5
11-3
-5.8
16.6
12.9
3.7
28.0
15.9
12. 1
30.3
20.7
9.6
30.4 8
16.2 9
14.2 10
11 Met financial investaent
12
Met acg. of financial assets
13
Demand dep. and currency
14
Time deposits
15
Security RP*s
3,527
11,282
1,408
-17
-984
-1,143
12,153
-2,972
3,575
247
5,826
29,813
4,151
1,071
-1,619
2,635
12,395
-5,912
6,132
1,359
-4,436
19,225
-183
-1,777
-88 8
-558
28,394
-1,913
5,365
1,239
-11.3
2-4
.8
-2.0
1.0
-2. 6
11. 1
-.9
2. 1
-
10.3
23.0
.8
7.0
1.0
4.8
23.1
-1.0
8. 1
2.0
5.3
24. b
-1.5
-1.0
4.0
11
12
13
14
15
11,457
9,989
8,435
1,554
289
1,179
8,180
6,254
4,969
1,285
500
1,426
23,227
21,092
19,937
1,155
416
1,719
12,623
11,100
9,531
1,569
-162
1,685
23,225
21,652
20,460
1,192
22 3
1,350
20,621
19,311
17,810
1,501
-40
1,350
1-9
-2. 1
-1.7
-.4
2.4
1.6
7.7
4. 1
2-2
1.9
2.4
1.3
12.4
11.3
9.6
1.7
.6
.6
13-2
11.3
5.7
5.6
-.7
2.5
21-6
15.6
8.7
6.8
-.5
6. 5
16
17
18
19
20
21
16
17
18
19
20
21
Credit narket instrunents
U.S. Govt, securities
Treasury issues
Agency issues
Tax exeapt obligations
Mortgages
-582
3,123
2,983
-1,807
-1,152
3,082
.6
2.2
1.8
.8
7,755
7,517
7,230
458
6,772
287
13,296
13,041
12,100
-521
12,621
941
23,987
23,736
17,036
-1,145
18,181
6,700
9,760
9,496
7,031
-4,373
11,404
2,465
23,661
23,39 5
21,452
796
20,656
1,943
28,952
28,678
27,178
5,161
22,017
1,500
13.6
12-3
12- 1
-.3
12-4
.2
13.7
13.2
11.2
-4. 1
15.2
2.0
12.7
12.0
11.8
-2.9
14.7
.2
18.3
16.5
18. 1
.6
17.5
-1.6
255
251
29
Trade debt
238
2,663
1,845 -6,963
30 Discrepancy
(1) Employee retireaent funds are in insurance sector.
264
5,117
266
1,861
274
-5,817
1.3
5-4
.5
6.3
.7
1.9
1.7
4.8
-17,465 -28,417 -17,092 -19,576 -28,761 -32,582
87,911 86,006 87,176 87,219 82,034 80,372
105,376 114,423 104,268 106,795 110,795 112,954
19.9
146.9
127.0
7.7
163.2
155.4
—8. 8
176.3
185. 1
-10.3
206.9
217.3
-2.3
261.9
264.2
1
2
3
2,129
3,698
2, 167
2,426
4 - Transfers to foreign
1,865
2,205
5,246
5, 155
5,225
5 - U.S. Govt, interest paid
4,713
5,012
5,179
6 = U.S.current a/c net receipts -24,043 -35.596 -26,036 -26,960 -36,342 -39,936
♦ Net corporate earnings
2,717
2,912
3,638
2,556
4,185
6,151
7
retained abroad
20,405 33,040 21,851 24,243 30,191 37,024
8 = Fgn. current acct. balance
(U.S. balance, sign reversed)
4.0
4.5
11.4
4. 1
4.5
-.9
4.1
5.5
-18.5
4.5
8.7
-23.6
5. 1
11. 1
-18.4
4
5
6
6.9
-1d-3
6. 0
-5. 1
4. 8
13.6
9.2
14.3
15.5
2. 9
7
8
22
23
24
25
26
27
28
Taxes receivable
Met increase in liabilities
Credit market borrowing
Tax exeapt obligations
Short-term
Other
U.S. Governaent loans
1-5 22
19.3
17.6
17.4
1.0
16.5
.2
23
24
25
26
27
28
1.6 29
8.9 30
Foreign Sector
1 Net U.S. export receipts
U.S. export receipts
2
3 - U.S. import payments
9 Net financial investaent
10
Net acg. of financial assets
Gold and SDR*s (1)
11
12
U.S. demand deposits
U.S. time deposits
13
Net interbank claims
14
22,159
34,940
-276
155
3,371
6,493
21,557
12,769
-268
-412
1,002
1,290
19,94b
23,370
-195
2,333
946
-2,371
12,213
14,561
-258
-1,428
726
5,948
23,489
25,034
-178
1,309
-46
772
26,095
3D,603
-262
1,530
1,510
4,739
-24.0
5.5
*
-.3
1.5
-9.8
-14.7
25.6
-. 1
3.2
-1.9
-5. 7
16.5
40.8
-.2
2.4
-.4
-. 7
2.8
58.9
1.2
-.2
1.1
5.7
-24.5
31. 7
-. 1
4.2
1.2
22-3
9
10
11
12
13
14
15
16
17
18
19
U.S. corporate equities
Credit aarket instruments
U.S- Govt, securities
U.S. corporate bonds (2)
Open-market paper
-472
8,870
5, 190
2,349
1,331
-1,563
7,484
4,005
3,628
-149
-1,211
24,191
17,310
8,881
-2,000
-1, 197
1,992
-6,468
9,960
1,427
20,876
9,477
10,224
1,175
4.7
-1,500
54 3
19,542
14,351
6,39 1
-1,200
•6
-2.6
2.8
15.2
11.6
-9
2. 7
2.7
39.6
31.5
3.8
4. 4
2.4
33.3
23.5
1.9
7.9
1-7
-4.5
-14.0
2. 6
6.9
15
16
17
18
19
20
21
Security credit
Trade credit
1,011
-945
-104
-708
-913
1,000
.1
1.6
3.4
1.7
3-0
22
23
24
25
26
Miscellaneous assets
Dir. investment in U.S.
Equity, etc.
Retained earnings
Other
15.788
9,289
8,295
994
6,499
6, 181
5,228
4,042
1,186
953
-219
4,692
3,804
888
-4,911
9,486
2,082
1,537
545
7,404
4,005
4,902
4,146
756
-897
-217
4,500
3,764
736
-4,717
1.7
2.6
1.4
1.2
-.9
8.8
4.3
2.7
1.7
4. 4
-4.3
3.7
2. 1
1.6
-8. 1
12.4
7.9
5.3
2.6
4.5
6-7
11.9
7.9
4. 0
-5.2
27
Net increase in liabilities
U.S. off. fgn. exchange
♦ net IMF position
U.S. private deposits
12,781
-8,788
3,424
2,348
1,545
4,508
29.5
40.4
24.3
56.0
56.2 27
-168
-2,165
37
-430
763
-3,158
-211
-477
176
-4,304
109
-296
.8
.8
2.5
1.7
-1
1.3
-5
2. 4
* 28
6- 1 29
7
12,717
814
729
-9,441
590
716
-405
2,932
1,890
-974
584
219
-2,040
1,994
987
1,233
1,380
.2
11.3
6.2
.3
19.3
8.6
.4
13.5
5. 1
-.5
33-8
4.2
.8 30
20.2 31
3-9 32
2-3
2. 1
-4. 1
4.2
28
29
30
31
32
Foreign corporate equities
Credit market instruments
Corp, and foreign bonds
6. 1
8.1
- 20
.2 21
22
23
24
25
26
33
34
35
36
Bank
To
To
To
loans n-e.c.
foreign official
foreign banks
other foreign
-1,950
1,049
-339
-2,660
-3,376
-863
-1,429
-1,084
-2,235
-1,163
-24b
-826
-2,029
-1,141
-1,204
316
-446
-108
166
-504
-1,898
67
-180
-1,785
2.0
.3
1.1
.7
5.6
.9
4.2
.5
3. 1
.1
2.7
.3
19. 1
2. 1
9.5
7-4
37
38
Open-market paper
U.S. Government loans
12,730
1,123
-7,577
922
-1,484
382
-34
505
-4,371
78 3
1,382
369
.3
2.8
1.9
3.3
2-4
3.0
6. 6
3.9
11.2 37
2.9 38
-416
-59
202
-294
190
150
-1
.7
.3
.5
-.3
39
1.5 40
2,806
212
614
-1,727
2,341
1,980
376
357
129
-1,241
-2,652
1,411
1,131
5,306
243
-1
3,103
2,179
924
1,961
2,414
339
93
-1,076
-2,373
1,297
3,058
7,30 4
29 6
-249
4,982
-1,852
6,834
2,27 5
2,325
331
3,365
-635
4,000
-1,371
15.6
.7
*
14.0
.9
16-3
1. 1
-. 1
11.6
3.9
7.7
3.7
8.4
.7
*
11. 5
5. 1
6. 4
-3.8
20- 1
.6
.1
15.7
4.4
11.3
3.6
27-6
.8
*
26. 6
7.6
19.0
.2
-1,754
11,483
1,905
12,030
6,702
10,929
5. 7
9.6
-2.9
11.5
27.5 48
39
40
Security debt
Trade debt
41
42
43
44
45
46
47
Miscellaneous liabilities
U.S.equity in IBRD, etc.
U.S. Govt- deposits
U.S. dir. inv. abroad(2)
Equity, etc.
Retained earnings
Other
48 Discrepancy
(1) U.S. net sales, sign reversed.
(2) Corporate bonds include net issues by Netherlands Antilles subsidiaries,
and U.S. foreign direct investaent is before subtracting reflows of
capital froa Netherlands Antilles subsidiaries* foreign financing.
III/85 BASED ON INCOMPLETE INFORMATION
b.O
b.O
33
34
35
36
41
42
43
44
45
46
47
DECEMBER 6, 1985
State and Local Govts, and Foreign
State and Local Govts, and Foreign
Sector Statenents of Saving and Investnent
13
SEASONALLI ADJUSTED ANNUAL SATES
SEASONALLY ADJUSTED ANNUAL SATES
1980
1981
1982
1983
1984
1
1
1984
III
II
IV
I
1
I
1985
II
III
State and Local Governnents - General Funds (D
1
2
3
4
386.1
267.7
29-7
88.7
420.0
299.4
32.7
87-9
441.9
322.2
35.8
83.9
478-2
352.9
39.0
86.3
523.6
387.8
42.6
93.2
520.6
385.2
42. 1
93.2
524.6
389.5
43.0
92.1
539-7
398-9
43.8
97.0
545-6
405.8
44.7
95.1
558.0
414.3
45.7
98. 1
570.7 Total receipts, NIA basis
Tax receipts
422.8
Social insurance receipts
46.5
Grants-in-aid received
101.4
1
2
3
4
5
6
7
355.5
340.8
14.8
382.4
367.6
14.8
409.0
391. 5
17.5
434. 1
415-8
18.3
470.7
452.0
18.7
466.0
447.4
18.7
477.0
458.9
18.0
484.0
464.8
19.2
491.9
472-0
19.9
507.7
486.7
21.0
521. 1 Total expenditures, NIA basis
Purch. of goods and services
498.8
Net interest and transfers
22.3
5
6
7
8
9
10
30.6
26.5
4.1
37.6
31.8
5.8
32.9
34.5
-1.6
44. 1
35.8
8.4
52-9
40.6
12.3
54.5
33. 1
21.5
47.6
49.3
-1.7
55.6
46.9
8.8
53.7
26.0
27.7
50.3
56.7
-6.4
11
12
13
14
15
-2.9
16.3
-.8
-1.7
*
3.8
11.7
-1.6
2.4
2.5
1.3
28.2
-3.7
6.0
.1
7.3
45.8
-3.5
-3.5
3.0
9.7
55-7
3.1
3-4
-1-3
17.9
37.6
-.8
11-5
-3.9
-1.0
53.0
-5. 1
10.5
1.0
7.3
92.5
9.2
3.7
-6.5
21.2
83.3
-16.8
18.3
5.4
-9.2
74.0
-6.8
5-1
-3.6
16
17
18
19
20
21
17.9
7.9
6.5
1.4
.2
9.8
7.5
-.4
-1.0
.6
.1
7.7
27.2
21.7
13.8
7.9
.2
5.2
47.7
41.2
31. 1
10.0
.6
6-0
46.1
38.7
32.7
6.0
1.7
5.7
25.8
19.9
13.7
6.2
1.2
4.7
43.4
35.7
30.6
5.1
2.0
5.7
82.4
73-9
69-3
4.6
1.7
6.9
73.3
67.2
61.0
6.3
-.6
6-7
76.5
70.2
65.5
4.8
.9
5.4
49.6 Net surplus, NIA basis
48.9 - Betirenent credit to HH
.7 = Gross saving
-4.2 Net financial investnent
113.7
Net acg. of financial assets
-.6
Deaand dep. and currency
15-6
Tine deposits
Security BP’s
5.0
90.9
85.6
79.6
6.0
-.2
5.4
22
1.1
1.0
-1.4
1.9
4.4
5.2
3.2
3.8
3.0
2.8
2-8
23
24
25
26
27
28
19.2
17.2
16.3
1.7
14.6
-9
7.9
6.8
5.5
1. 1
4.4
1-2
26.9
25.9
25.0
5.7
19.2
1.0
38.4
37.6
36.5
-.5
37.0
1. 1
46.0
45.0
37.2
-3.0
40.2
7.7
19.8
18.8
17.7
-4. 4
22.0
1- 1
54.0
52.9
49.2
-4.5
53.6
3.8
85.3
84-3
57-5
-4.8
62.3
26.8
62.1
61.1
51-2
-8.1
59.3
9.9
83.3
82.2
74.4
-3.2
77.7
7.8
117.9
116.8
110.8
18.7
92. 1
6.0
29
30
2.0
7.0
1.1
2.0
.9
-2.9
.8
1.0
1.0
2.6
1.0
3.6
1.0
-.7
1.0
1-5
Credit aarfcet instruaents
U.S. Govt, securities
Treasury issaes
Agency issaes
Tax exeapt obligations
Hortgages
Taxes receivable
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
Net increase in liabilities
Credit narket borrowing
Tax exeapt obligations
Short-tern
Other
U.S. Governnent loans
23
24
25
26
27
28
1.1
1. 1
Trade debt
1.1
6.5
2.9
4.9 Discrepancy
(1) Enployee retirement funds are in insurance sector.
29
30
Foreign Sector
1
2
3
12.2
321-9
309.6
18.1
357.1
339.0
9.2
341.0
331.8
-23.2
321-2
344.4
-78.3
346.5
424.8
-70.9
346.2
417. 1
-105.3
349.3
454.5
-71.2
348-5
419-7
-84.9
348.1
433-0
-116.0
322.6
438.6
-120.6 Net U.S. export receipts
327.3
U.S. export receipts
447.9 - U.S. inport paynents
1
2
3
4
5
6
6.3
12.5
-6.6
6.5
16.8
-5.2
7.5
18. 1
-16.4
8.0
17.7
-48.8
9.6
19.6
-107.5
7.4
18.9
-97.2
8.8
20.0
-134.1
14.6
21.0
-106.8
9.0
20-7
-114.6
9.6
20.6
-146.3
4
5
6
7
8
11.7
-5.1
9.9
-4.7
9.8
6.6
14.9
33.9
14.1
93.4
12.2
85.0
14.6
119.4
15-2
91.6
10.4
104.2
22.0
124.3
8.6 - Transfers to foreign
20.9 - U.S. Govt, interest paid
-150.1 = U.S.current a/c net receipts
♦ Net corporate earnings
16.6
retained abroad
133.5 = Fgn. current acct. balance
(U.S. balance, sign reversed)
9
10
11
12
13
14
-26.7
29.7
1.1
V
1.2
-23.2
-27.3
34-2
-.7
-3.8
2.3
-7.0
-24.8
3. 1
-1.4
-3.7
6.8
-30. 1
29.3
65.3
1.6
.5
20.1
76.9
87.6
-1.0
1.9
4.6
12.5
74.3
122.5
-1. 1
-4.0
10.2
18.6
86.0
64.1
-1.1
2.5
8.2
5.4
72.7
97-8
-.8
6.6
1.2
-2. 1
75-6
60.4
-1.0
-3.5
4.7
27.7
75.3
77.9
-.7
1.7
-4.2
-4.6
106.2 Net financial investnent
Net acg. of financial assets
140-7
-1.0
Gold and SDB*s (1)
U.S. deaand deposits
10.1
10.7
U.S. tiae deposits
20.8
Net interbank clains
9
10
11
12
13
14
15
16
17
18
19
5.4
23.3
10.7
8.2
4.4
5.8
16.2
7.0
8.4
.8
3.9
22.8
12.8
10.6
-.5
5.4
27- 1
16.9
4.9
5.4
-2.7
43.4
26.5
16.4
.5
-2.3
41.9
26.8
9.4
5.7
-4.1
32.6
22.2
14.5
-4.1
-4.3
81-2
55-9
35.5
-10.3
-7.2
15.2
-24.3
39.8
-.4
1.9
82.6
61.2
25-6
-4.2
7.9
89.7
48.0
40.9
-8
U.S. corporate eguities
Credit aarfcet instruaents
U.S. Govt, secarities
U.S. corporate bonds (2)
Open-aarket paper
15
16
17
18
19
20
21
3.6
♦
-1
-1- 1
-7
4.0
-3.8
-.4
-2.8
-3.7
4.0
Security credit
Trade credit
20
21
22
23
24
25
26
18.3
16.9
11.7
5.2
1.4
21.4
25.2
22.3
2.9
-3.8
4.6
13.8
16.2
-2.4
-9.1
11.8
11.9
11.9
. 1
—.2
28. 1
22.5
18.8
3.7
5.6
55. 1
37.2
33.2
4.0
17.9
24.5
20.9
16.2
4.7
3.5
16.5
18.8
15.2
3-6
-2-3
27.5
8.3
6-1
2.2
19.1
4.9
19-6
16.6
3.0
-14.7
-1.4
18.0
15. 1
2-9
-19.4
Hiscellaneous assets
Dir. investnent in U.S.
Eguity, etc.
fietained earnings
Other
23
24
25
26
27
56.4
61.5
27.9
36.0
10.7
48.2
-21.9
25-1
-15.2
2.6
34.5
28
29
8.0
2.8
2.1
12.6
3.0
2.4
.5
3.0
1.4
-4.7
-.7
-8.7
.1
-1.7
3. 1
-12.6
-.8
-1.9
.7
-17.2
.4
-1-2
Net increase in liabilities
U.S. off. fgn. exchange
♦ net IHF position
U.S. private deposits
28
29
30
31
32
2.1
27.2
.8
.3
27.2
5.4
1.5
15.7
6.7
4.0
18-9
3.8
1.1
1-7
4. 1
»
52.3
3.3
2.9
-38.5
2.4
2.9
-.4
11.7
7.6
-8.0
2.3
.9
-6.1
8.0
3.9
5.8
5.5
33
34
35
36
11-5
4.5
4.7
2.3
3.7
.8
-4.5
7.3
-6.2
.7
-6.8
4-9
3.0
-.9
2-8
-7.8
-.9
-3. 1
-3.8
-6. 4
4.2
-3.7
-6.9
-14.2
-3.5
-6.1
-4.6
-7.8
-4.7
-1.9
-1.2
-12.2
-4.6
-2.1
-5.6
.3
-.4
-1.5
2.2
-6.7
-3
-.1
-6.9
37
38
10.1
4.7
13.9
4.2
10.7
4.5
6.0
4.3
1.4
4.0
50-9
4.5
-30.3
3.7
-5.9
1.5
-.1
2.0
-17.5
3.1
5.5
1.5
39
40
1.7
.2
-2.7
.2
-.5
-1.7
-.2
.8
-1.2
.8
.6
41
42
43
44
45
46
47
14.7
.7
-.2
21-9
4.9
17.0
-7.8
19-1
1.1
-.2
13.0
-.5
13.5
5.2
8. 1
1.3
.4
4.7
-2.0
6.7
1.7
9.4
.7
- 1
9.3
-.3
9.6
-.7
11.8
1.1
.4
7.8
-3.2
11.0
2.6
6.9
.8
1-9
-7.6
9.4
4.2
15.5
1.4
-5
-2.5
-8.1
5-6
16.0
31.5
1-0
V
14.8
11.1
3.7
15.7
-10.8
1.4
.4
-10.1
-15.3
5.2
-2.4
23.6
1-2
19.5
-7.9
27.3
3.9
24.9
1-3
17.5
1.5
16.0
6. 1
48
21.6
22.6
31.3
4.6
16.6
10.7
33.4
19.0
28.6
49.0
27.3 Discrepancy
♦
-1.0
BILLIONS OF DOLLABS.
111/85 BASED ON INCOHPLETE INFORMATION
22
27
Foreign corporate egaities 30
Credit market instruments 31
Corp, and foreign bonds 32
Bank
To
To
To
loans n.e.c.
foreign official
foreign banks
other foreign
33
34
35
36
Open-aarket paper
U.S. Governaent loans
37
38
Security debt
Trade debt
39
40
Hiscellaneous liabilities
U.S.eguity in IBBD, etc.
U.S. Govt, deposits
U.S. dir. inv. abroad(2)
Eguity, etc.
Betained earnings
Other
41
42
43
44
45
46
47
(1) U.S. net sales. sign reversed.
(2) Corporate bonds include net issues by Netherlands Antilles subsidiaries,
and U.S. foreign direct investaent is before subtracting reflovs of
capital fron Netherlands Antilles subsidiaries* foreign financing.
7
48
DBCEHBEB 6, 1985
O.S. Governaent and Credit Agencies
O.S. Governnent and Credit Agencies
Sector Stateaents of Saving and Investaent
14
UHADJUSTED MET FLOSS (Jf MILL)
UNADJUSTED MET FLOSS($ MILL)
1
1
11
1984
III
IV
|
1
I
1985
II
III
1975
BILLIONS OF DOLLARS
1976
1977
1978
1979
U.S. Governaent
1 Total receipts, MIA basis
2
Personal taxes
3
Corp, profits tax accruals
4
Indirect taxes
5
Social insurance receipts
184,563 177,992 170,420 195,027 188,400 195,970
80,611 84,409 80,233 86,031 78,879 94,877
19,886 16,562 17,205 15,598 17,662 17,649
14,419 14,050 13,550 14,211 15,685 13,922
69,647 62,971 59,432 79,187 76,174 69,522
287.3
125.8
43.6
23.9
94. 1
331.8
147.3
54.6
23.4
106.5
375-2
170. 1
61.6
25.0
118-5
431.6
194.9
71.3
28. 1
137.2
493.6
230.6
74.2
29.4
159.5
1
2
3
4
5
6 Total expenditures, NIA basis
Goods and services
7
8
Transfers, etc.
Net interest
9
216,627 218,079 231,860 236,806 236,716 239,331
72,274 74,076 81,420 80,855 79,148 86,243
116,612 113,742 118,618 123,965 124,466 120,251
27,741 30,261 31,822 31,986 33,102 32,837
356.6
122.7
210.8
23. 1
384.8
129.2
228. 9
26.8
421. 1
143.4
248.5
29. 1
461.0
153.6
272.3
35.2
509.7
168.3
299-0
42.4
6
7
8
9
-32,064 -40,087 -61,440 -41,779 -48,316 -43,361
3,120 -2,360
3,493 15,607
3,898 13,269
-35,962 -53,356 -64,560 -39,419 -51,809 -58,968
2,194
2,520
1,852
1,925
480
943
—33,442 -51,504 -62,635 -38,939 -50,866 -56,774
-69.3
3.8
-73.1
1.3
-71-8
-53. 1
4.7
-57.8
4.0
-53.8
-45.9
6.6
-52.5
2.5
-50. 1
-29.5
7.2
-36.7
2.0
-34.7
-16. 1
8.2
-24.3
4.7
-19.5
10
11
12
13
14
15 Net financial investaent
-35,983 -49,712 -64,965 -43,999 -46,456 -55,848
3,567
16
Net acg. of financial assets
1,232 19,180 -2,092
7,342
2,873
163
17
516
903
248
Gold, SDB*s ♦ fgn- exch.
412
-282
18
Denand deposits * currency
255 15,885 -12,693 -4,382 10,372 -6,612
-27
98
269
-69
188
19
Tine deposits
25
-74.4
16.4
.7
2-7
.1
-58. 6
21.3
2.5
3.8
-2
-55.8
8.6
-4
-.5
.1
-38.6
24.8
-2.3
3.7
.1
-25.5 15
21.4 16
-. 6 17
.2 18
. 1 19
10
11
12
13
14
Met surplus, MIA basis
- Insurance credits to hh
= Gross saving
* Hineral rights sales (1)
= Nonfinancial surplus
20
21
22
23
Credit narket instrunents
Fed- agency securities
Mortgages
Other loans
24
25
26
Taxes receivable
Trade credit
Miscellaneous
27
28
Net increase in liabilities
Treasury curr. * SDB ctfs.
2,847
243
2,604
3,154
-1,031
4,185
9,531
1,577
7,954
7,260
201
7,059
2,844
491
2,353
7,304
549
6,755
13.4
6. 5
6.9
7.9
.4
7.5
10-0
4.2
5.8
17. 1
4.2
12.8
-4,804
2,285
212
-2,221
1,262
486
-560
216
242
-1,469
2,077
432
-6,872
730
47
-1
1,500
331
-2.3
1-z
.7
5-6
.5
1-0
-1.4
-.8
.7
2.8
2.7
.8
-.5 24
2.4 25
. 8 26
37,215
155
68,892
83
62,873
141
47,566
277
53,798
18
58,721
80
90.9
-9
80.0
1.2
64.4
.3
63.5
.5
46.9 27
1.6 28
37.4
-.8
39.6
-1.4
19.0
6.6
12.4
20
21
22
23
29
30
31
32
Credit narket instrunents
Savings bonds
Other Treasury issues
Agency issues and ntgs.
31,166
688
30,514
-36
54,048
761
53,322
-35
64,161
817
63,366
-22
41,827
928
40,938
-39
45,223
1,254
43,998
-29
46,055
1,551
44,523
-19
85.4
4.0
81.8
-.4
69.0
4.7
64.5
-. 1
56.8
4.7
52-9
-.9
53.7
3-9
51.2
-1.4
33
34
35
Life ♦ retirenent reserves
Trade debt
Miscellaneous
3,898
804
1,192
13,269
493
999
3,120
175
-4,724
-2,360
1,236
6,586
3,493
2,814
2,250
15,607
2,023
-5,044
3.8
1.4
-.7
4.7
4.1
-9
6. 6
1.6
-.9
7.2
2.3
-.3
2,541
-1,792
2,330
5,060
-4,410
-926
2.7
4.8
5.8
3.9
6.0 36
24,690
18,783
17,765
17,067
24,534
17,650
45.9
49.0
63.0
68.5
74.7 37
36 Discrepancy
37 Meao: Corp, tax receipts, net
29
30
31
32
8.2 33
1.0 34
-1. 3 35
(1) Sales of Outer Continental Shelf leases.
Federally Sponsored Credit Agencies and Mortgage Pools
Sponsored credit agencies
312
305
288
278
264
252
.6
.6
.7
1.0
1.2
1
2 Net acg. of financial assets
3
Denand deposits and currency
4
Fed. funds ♦ security HP’s
12,031
-101
-533
14,862
289
7,425
9,053
394
1,741
3,408
-402
-1,547
13,251
203
3,257
1,057
-139
-6,423
5.2
-.3
4.4
*
.3
7.7
.1
.2
28.6
*
1.4
31. 1
-2
.6
2
3
4
5
6
7
8
Credit narket instrunents
U.S. Governaent securities
Open-aarket paper
Student loans (SLMA)
12,255
982
-135
856
6,222
-3,195
-167
523
6,286
2,374
231
368
5,217
995
-157
361
9,682
2,137
-9 6
767
7,137
-157
-79
652
4.5
1.5
.1
-
4.7
1.5
6. 4
-3.8
.2
.1
26.7
.6
♦
30.0
-2
.1
.6
5
6
7
8
9
10
11
Housing credit
Besidential aortgages
FHLB loans to s+1 assns.
10,638
2,387
8,251
8,729
1,583
7,146
5,664
4,048
1,616
5,244
5,174
70
8,710
3,772
4,938
9,420
3,304
6,116
-1.2
2.8
-4.0
-1. 6
.4
-2.0
4.9
-5
4.3
21.5
9.0
12.5
-86
282
-966
598
410
332
224
-394
502
926
-2,351
-340
-29
-1,982
632
-1,226
-147
139
-1,218
140
-1,836
-990
-839
-7
109
-2,699
-1,695
-711
-293
482
4. 1
.4
1.1
1.0
4. 8
2.5
1-0
1-3
-.5
5-0
2-9
.6
1.4
1.0
5.4
3.2
.7
1.5
.4
10. 5
5. 1
2. 1
3. 3
.4
12
13
14
15
16
11,899
9,045
9,045
2,854
14,608
12,456
12,456
2, 152
8,883
3,386
3,386
5,497
3,162
3,922
3,922
-760
12,963
8,804
8,804
4, 159
873
3,596
3,596
-2,723
4.9
3.2
2.3
-9
1.7
4. 1
2. 1
2.5
-. 4
2.0
7.3
5.9
7.0
-1. 1
1.4
28. 1
23.5
23. 1
.4
4. 6
30. b
24.8
24.3
.6
5.7
17
18
19
20
21
180
51
118
32
-2 4
68
.3
.3
.4
.5
.6 22
23 Net acg. of nortgages
24
Hone aortgages
25
Hulti-fanily nortgages
26
Farn aortgages
7,680
7,230
488
-38
12,194
11,499
427
268
13,449
13,b92
17
-260
15,046
14,143
903
-
17,057
16,667
347
43
16,835
16,725
248
-138
7. 1
7.3
.4
16. 1
15.7
-9
-.5
13.6
-.6
12.2
11.9
.5
-.2
12.4
1.5
-.3
23. 1 23
21. 8 24
1-2 25
. 1 26
27 Net incr. in pool securities
7,680
12,194
13,449
15,046
17,057
16,835
7.1
12.2
16. 1
13.6
23. 1 27
Meno: Totals for agencies and pools
18,356
Housing credit
-124
Loans to agriculture
20,655
600
19,373
-2,611
20,290
-1,226
25,724
-1,793
26,393
-2,837
6.5
3.5
10.8
4.6
21.5
4.5
35.4
5. 1
41.5 28
10.6 29
16,725
24,650
16,835
18,968
25,861
20,431
9.4
14.6
23.1
36.7
47. 3 30
1 Current surplus
12
13
14
15
16
Loans to agriculture
Farn nortgages
Loans to coops (BC)
Loans to faraers (FICB)
Miscellaneous assets
17 Net increase in liabilities
18
Credit narket instrunents
19
Sponsored agency issues
20
U.S. Governaent loans
21
Hiscellaneous liabilities
22 Discrepancy
♦
2. 6
-
-1.2
.4
18.5 9
9.4 10
9.2 11
Federally related nortgage pools (D
28
29
30 Net security issues
(1) GNMA, FNHA, FBLMC, and Faraers Boae Adainistration pools. Excludes
Federal Financing Bank holdings of pool securities, which are in
U.S. Governaent aortgages and other loans directly.
III/85 BASED OM INCOHPLETE INFOBHATION
DECEHBEB 6, 1985
O.S. Governaent and Credit Agencies
O.S. Governnent and Credit Agencies
Sector Statenents of Saving and Investnent
15
SEASOVALLI ADJOSTED AVVOAL BATES
SEASOVALLI ADJOSTED ANNUAL BATES
1980
1981
1982
1983
1984
)
1
II
1984
III
IV
|
1
I
1985
II
III
O.S. Governnent
1
2
3
4
5
540.9
257.7
70.3
39.0
173.9
624.8
298.7
65.7
56.4
204.1
616.7
306.2
46.6
48.4
215.5
641.1
295-2
59.8
52.4
233.7
704.7
315.0
70.8
55.5
263.4
704.3
310.7
75.6
55.9
262.0
706.2
319-7
65.3
56.1
265-2
721.9
327.9
69. 1
55.9
269-0
771.4
362.2
67.4
56.4
285.3
733.9
318.3
66. 1
60.7
288.9
772. 1 Total receipts, VIA basis
354.8
Personal taxes
Corp, profits tax accruals
69.6
Indirect taxes
55.6
Social insurance receipts
292.1
1
2
3
4
5
6
7
8
9
602.1
197.0
351.7
53.4
689.1
228.9
387.0
7 3.3
764.9
258.9
421.6
84.4
819.7
269.7
455.8
94.2
880.5
295.4
468.4
116.7
868.0
296.4
460.7
110.9
886.8
302.0
462.9
122.0
919.7
315.7
477.6
126.4
936.5
319.9
488.4
128.2
948.0
324.2
491.0
132.8
973.0 Total expenditures, VIA basis
Goods and services
350.6
Transfers, etc.
490.2
Vet interest
132.2
6
7
8
9
10
11
12
13
14
-b1.2
8.8
-70.0
5.0
-b5.0
-64.3
10.0
-74.4
4.8
-6 9.5
-148.2
11.9
-160. 1
7.8
-152.3
-178-6
14.2
-192.9
7.8
-185. 1
-175.8
18.2
-194.0
7.9
-186. 1
-163.7
19.6
-183.3
10. 1
-173.2
-180.6
19.2
-199.8
7.4
-192.4
-197.8
20.9
-218.7
7.7
-211.0
-165.1
12.8
-178.0
1.9
-176.0
-214. 1
17.7
-231.8
3.8
-228.0
-200.9
27.7
-228.6
8.8
-219.8
15
16
17
18
19
-64.6
24.2
4.3
-3.0
-.2
-7 9.1
21-3
2.8
1.2
-.1
-155.6
21.2
3.8
7. 1
.5
-194.2
12. 1
2.7
-8. 1
-.5
-197.3
28.2
2.5
5.4
-5
-172.2
28.6
1.6
1.7
.1
-204.1
15.9
2.1
12.7
.4
—223.4
35.4
3.6
-1.8
1-1
-184.3
3.8
-1.1
-20.7
-.3
-196.5
58.4
1-0
49.3
-.1
-237.5 Vet financial investaent
Vet acg. of financial assets
-53.6
.7
Gold, SDB's ♦ fgn. exch.
-82.6
Denand deposits ♦ currency
Tiae deposits
-8
20
21
22
23
23.7
7.5
1b.2
24.0
4.9
19.1
15.9
2.4
13.6
9.7
1.2
8.5
17.2
.5
16.7
8.0
.3
7.6
12.4
-4.3
16.7
40.5
6.2
34.4
30.7
1.9
28.7
8.1
1.3
6.8
28.8
2.0
26.8
Credit narket instrunents
Fed. agency securities
Hortgages
Other loans
20
21
22
23
24
25
26
-4.8
3.8
.5
-10.0
2.5
.9
-12.6
4.8
1.6
3.7
3.8
.7
-3.9
5.1
1.5
7.2
9- 1
.8
-18.6
5-0
1.9
-9.9
-9
1-0
-14.9
8.3
1.7
-3.1
2.9
.2
-8.6
6.Q
1.3
Taxes receivable
Trade credit
Hiscellaneous
24
25
26
27
28
88.7
1.3
100.4
1.2
176.8
1.7
206.3
.5
225.5
.6
200.8
.6
220.0
.3
258.8
.6
188.1
1.1
254.9
.1
183.8
.3
29
30
31
32
79.2
-7.3
87.1
-.6
87.4
-4.3
9 2-2
-.5
161.3
.2
162-0
-.9
186.6
3. 1
183.5
-. 1
198.8
3.0
195.9
-.2
171.9
2-7
169.4
-. 1
194.9
2-7
192.3
144-1
5.2
139.1
-.2
218. 1
4.9
213.3
-.1
254-9
2.0
253.0
-.1
-.1
166.4
6.0
160.4
-.1
Credit aarket instruaents
Savings bonds
Other Treasury issues
Agency issues and ntgs.
33
34
35
8.8
1.4
-1.9
10.0
-7
1.0
11.9
1.8
.2
14.2
3.0
2.0
18.2
3. 1
4.9
19-6
4.0
4.8
19.2
1.6
4.0
20.9
1.4
-18.9
12.8
3.7
26.3
17.7
10.0
9.0
27.7
9.7
-20.2
Life * retireaent reserves 33
34
Trade debt
Hiscellaneous
35
36
-.5
9.6
3.3
9. 1
11.2
-1.0
11-7
12.5
8.2
-31.5
37
75.1
75.7
59.2
56. 1
74.7
68. 4
83.9
79.0
82.2
69.1
Net surplus, VIA basis
- Insurance credits to hh
- Gross saving
* Hineral rights sales (1)
= Nonfinancial surplus
10
11
12
13
14
15
16
17
18
19
Vet increase in liabilities 27
Treasury curr. ♦ SDB ctfs. 28
29
30
31
32
17.7 Discrepancy
36
78.2 Heao: Corp, tax receipts, net
37
(1) Sales of Outer Continental Shelf leases.
Federally Sponsored Credit Agencies and Hortgage Pools
Sponsored credit agencies
1
1
1.4
1-2
1-9
1.5
1.2
1.2
1.2
1.2
1.1
1- 1
2
3
4
29.5
*
1.8
37.6
.2
3-5
22.4
-.2
5.4
2.0
.2
-2.3
41.5
.6
9.3
40.7
*
-2- 1
48.1
1-0
29.7
43.5
1.0
7.0
25-9
-1.3
-6.2
44.6
1.3
13.0
5
6
7
8
26.4
.7
*
1.1
33.2
.4
.3
2.2
16.0
1.4
-.3
1.6
3.4
-1.3
.4
1.5
28.8
.6
-. 1
1.9
40.2
5.8
-.5
3.4
14-1
-19.4
-.7
2.1
33.4
14.6
-9
1-5
33.3
3.9
-.6
1.4
28.8
10.6
-.4
3.1
16.0
-8.6
—.3
2.6
9
10
11
14.9
7.8
7.1
21.2
5.0
16.2
11.0
10.2
.8
2.2
9.3
-7.0
27.7
12. 1
15.7
34.7
10. 1
24.5
31.5
7.0
24.5
20.6
14.2
6.4
35.1
21.6
13-5
25.5
15.6
9-9
34.3
14.2
20.1
12
13
14
15
16
9-7
6.4
1.5
1.9
1.3
9- 1
7.7
—.3
1.8
-7
2-2
3.9
-.8
-.8
1. 1
.6
1. 1
.9
-1.3
.7
-1.4
.3
.6
-1.2
2.8
-3. 1
.4
-.5
-3.0
2-6
1.0
-.6
-2
3.4
-4. 1
-.7
-1-7
-1.7
2.1
-6-6
-.5
-2.4
-3.7
.1
-10-0
-4.7
-2
-5.5
1.4
-12-0
-6.8
-1.9
-3.4
1.5
17
18
19
20
21
29.2
25.6
24.4
1-2
3.6
37.1
32-4
30.5
1.9
4.7
21-3
15-3
14.9
-4
5-9
1.2
1.4
1.4
-.2
40.7
30-4
30.4
10.2
40.7
28.9
28-9
11.8
47.4
40-3
40.3
7.0
41.7
21.6
21.6
20.2
25.3
25.0
25.0
.3
43-9
27.1
27. 1
16.8
22
1.1
.7
.8
.7
.4
1.2
.5
-.6
.5
.4
23
24
25
26
19-2
18.7
-7
-.2
15-0
14-3
.9
-. 1
49-5
49-3
-4
-.2
66.4
65-2
1.2
*
44.4
43.4
1. 1
*
36.2
34.4
2.0
-.2
47.0
44.2
1.7
1- 1
51.4
52.4
.1
-1.0
58.7
55.1
3.6
74.7
73.1
1.4
.2
65.6 Vet acg. of aortgages
Hoae aortgages
65.2
Hulti-faaily aortgages
1.0
Fara aortgages
-.6
23
24
25
26
27
19-2
15-0
49.5
66.4
44.4
36.2
47.0
51.4
58.7
74.7
65.6 Vet incr. in pool securities
27
28
29
34-3
9.5
36-3
9.0
60-7
2. 1
68-7
.6
72.2
-1.4
71-0
-3.3
77-4
1.6
73.0
-5-2
93-8
-6-6
99-9
-9.8
Meno: Totals for agencies and pools
Housing credit
100.5
-12-6
Loans to agriculture
28
29
30
43-6
45-5
64.5
67.8
74.9
65. 1
87.3
73.0
83-7
101-8
-. 4
1.0 Current surplus
-9.1 Net acg. of financial assets
Denand deposits and currency
-.8
-25.7
Fed. funds * security BP's
2
3
4
Credit aarket instruaents
U-S. Governaent securities
Open-aarket paper
Student loans (SLHA)
5
6
7
8
9
Housing credit
Besidential aortgages
10
FHLB loans to s*l assns. 11
Loans to agriculture
Fara aortgages
Loaas to coops (BC)
Loans to faraers (FICB)
Hiscellaneous assets
-9.6 Vet increase in liabilities
Credit aarket instruaents
3.0
Sponsored agency issues
3-0
U.S. Governaent loans
-12.6
Hiscellaneous liabilities
.5 Discrepancy
12
13
14
15
16
17
18
19
20
21
22
Federally related nortgage pools (1)
(D
BILLIONS OF DOLLABS.
III/85 BASED ON IVCOHPLETE INFOBHATION
68.6 Net security issues
Excludes
GNHA, FVHA, FHLHC,, and Farmers jHoae Administration pools.
Federal Financing Bank holdings of pool securities, vhich are in
O.S. Governaent nortgages and other loans dxrectly-
30
DECEHBEB 6, 1985
Banking Systea
Banking Systea
16
Sector Stateaents of Saving and Investnent
OHADJOSTED BET FLOWS(I HILL)
□HiD JUSTED BET FLOWS($ HILL)
1
II
III
IV
1
I
iy75
III
II
BILLIOHS OF DOLLARS
1976
1978
1977
1979
Honetary Authority
251
315
363
367
370
422
-2
.2
.7
.2
1
2 Het acg. of financial assets
Gold and foreign exchange
3
4
Treasury currency
5
SDB certificates
Federal Beserve float
6
F.B. loans to donestic banks
7
5,081
-304
224
-1,442
3,864
7,714
-211
124
944
1.873
3,926
55
181
566
-3,056
-1,502
329
170
-557
-995
6,914
106
195
-36
-1,244
2,851
208
146
-130
1,182
11.3
.1
1.0
.1
1.7
-. 1
9.7
.1
.6
-7
-1. 1
-.2
8.5
*
.5
.1
1.2
.2
13.3
1.6
.5
.1
2.7
-9
10.9
1-3
-5
-3
.3
2
3
4
5
6
7
Credit aarket instrunents
O.S. Governaeat securities
Treasury securities
Agency issues
Acceptances
Bank loans n.e.c.
Hiscellaneous assets
1,988
1,988
2,045
-57
751
2,151
2,151
2,159
-8
2,833
6,116
6,116
5,832
284
64
-272
-272
133
-405
-177
8,058
8,058
8,127
-69
-165
516
516
592
-76
929
8.5
8.4
7.4
1-0
.1
*
9.8
10.0
9. 1
.9
-. 1
-.2
7.1
7.2
5.8
1.4
V
-.6
7.0
7.3
7.7
-.4
-.4
.5
7.7
7.6
6.9
.7
. 1
.2
8
9
10
11
12
13
14
4,830
-1,915
740
7,399
3,360
272
3,563
-1,793
5,893
-1,869
5,178
-6,180
6,544
239
799
2,429
-74
2,118
11. 1
-2
.6
9.7
-.9
-. 1
8-3
1.7
1.8
12.6
4.4
1.5
6,229
733
-97
5,593
-224
4,031
4,059
-26
-2
-264
-551
-3,150
36
2,563
14
-660
-2,212
-28
1,580
-207
6,208
259
45
5,904
-702
491
844
285
-638
-106
10.7
4.5
6.3
-.4
10.6
3. 1
.2
7.4
- 1
4.8
-3.3
*
8.2
*
6.3
-3. 1
.1
9.3
.4
8.2
.1
.1
8.0
.9
18
19
20
21
22
1 Current surplus
8
9
10
11
12
13
14
15 Net increase in liabilities
16
Heaber bank reserves
17
Vault cash of coni, banks
18
19
20
21
22
Deaand deposits and currency
Due to O.S. Governnent
Due to foreign
Currency outside banks
Hiscellaneous liabilities
♦
-7
10.7 15
-1.4 16
3.0 17
Coaaercial Banking (1)
1 Current surplus
2 Plant and eguipnent
3 Net acg. of financial assets
Deaand deposits and currency
4
5
6
7
8
Total bank credit
U.S. Govt, securities
Treasury issues
Agency issues
9
10
Tax-exeapt Obligations
Corporate bonds
11
12
13
14
15
16
Total loans
Hortgages
Consuaer credit
Bank loans n.e.c.
Open-aarket paper
Security credit
17
Corporate eguities
18
19
Vault cash * aea. bank res.
Hiscellaneous assets
20 Het increase in liabilities
Checkable deposits
21
U.S. Governaent
22
Foreign
23
24
Private doaestic
3,461
3,878
2,714
3,862
2,676
3,564
3,955
3,688
3,454
3,270
3,427
3,335
4.3
2-3
4.5
4. 1
5.3
6.7
6.7
9.5
7.9
10.8
1
2
59,803
651
32,494
681
72,775
708
12,114
737
54,091
765
45,284
793
34.5
-1
71-3
—.2
97-6
-5
143.6
.3
134.6
-7
3
4
46,244
-7,185
-7,303
118
36,259
397
-460
857
67,366
749
1,549
-800
13,400
10,764
11,263
-499
52,953
5,457
3,075
2,382
31,605
-2,810
-1,289
-1,521
31.5
30.0
28.6
1.4
66.5
20.2
18.7
1-5
90.0
-1. 1
-1.9
-8
125.7
.5
-6.5
7.0
122.2
7.9
-4
7.6
5
6
7
8
-338
497
5,484
1,543
7,926
693
-4,783
738
2,036
3,597
5,728
2,560
1.8
1.8
3.0
-.6
9-2
*
9.6
—.3
53,270
12,605
16,229
23,591
1,996
-1,151
28,839
11,432
12,548
3,739
332
788
58,069
11,525
11,102
29,658
-1,304
7,088
6,616
8,664
9,116
-5,060
-2,407
-3,697
41,858
12,512
11,008
12,468
-1,324
7,194
26,126
12,271
10,785
5,202
1,351
-3,483
-2. 1
3.8
3-1
-12. 1
1. 1
2. 1
43.8
15. 1
12.0
6.4
3-7
6.6
82.0
27.4
22.3
29.9
.3
2.2
115.9
35. 1
26.2
58.8
-1.3
-2.9
9.5 9
-. 1 10
104.8
30.6
19.9
52. 9
2.2
-.9
11
12
13
14
15
16
-4
-71
65
5
1
*
*
♦
*
* 17
3,632
-8,078
4,100
601
-1,002
-1,021
1,038
-66 5
2,044
10,842
.8
2-0
-1.0
6. 1
3.5
3.5
5.9
11.8
1.6 18
10. 1 19
59,041 29,934
2,750
1,612
-1,000 12,678
-386
252
3,498 -10,680
9,741
72,871
30,802 -29,253
-9,172 -1,907
2,297 -1,400
37,677 -25,946
52,550
27,909
10,365
1,264
16.280
41,823
14,763
-7,836
1,245
21,354
32-6
7.6
-1-7
-.3
69.6
13.4
-. 1
3.0
10.4
92.9
24.5
4.3
2.4
17.8
138.2
25.4
6.8
-.3
18.9
-1,175
14,083
9.6
128.0
26. 4
.4
4. 1
21. 8
20
21
22
23
24
25
Saall tiae and savings dep.
18,806
12,486
29,978
24,994
24,452
10,994
39.9
54.6
28.2
13.2
29.5 25
26
27
Large tiae deposits
6,597
1,999
5,961
-1,110
-3,837 -10,038
6,671
1,732
5, 102
-8,449
-9.9
Fed. funds and security BP's
18,474
-9,666
3.5
-15. 3
13.6
26. 0
9-0
48.6
19.5
13.8 26
15. 6 27
28
29
30
31
Net interbank claias
To Federal Beserve
To doaestic banks (2)
To foreign banks
12,670
2,422
3,755
6,493
6,030
2,817
1,923
1,290
-2,931
-2,490
1,930
-2,371
8,372
-1,552
3,976
5,948
76 7
-1,280
1,275
772
9,587
1,052
3,796
4,739
-11.9
1.6
-3.8
-9.8
-7.8
-1.3
-. 9
-5.7
-4.6
1.4
-5.4
-.7
10. 1
3.6
.8
5.7
21- 1
-5
-1.7
22.3
28
29
30
31
32
33
34
35
Corporate eguity issues
Credit aarket debt
Corporate bonds
Open-aarket paper
202
8,037
3,517
4,520
209
-2,257
500
-2,757
216
4,704
3,570
1,134
223
4,525
3,168
1,357
230
2, 180
2,313
-133
237
2,092
2,040
52
1.0
.8
.5
.3
1.6
6. 1
6.9
-.8
-6
2.5
1.3
1.3
1. 1
7.3
.b
6.7
1.3
6. 7
2. 1
4. 5
32
33
34
35
36
37
Profit taxes payable
Hiscellaneous liabilities
-3
7,771
4
3,254
4
5,247
15
-1,969
18
5,30 0
20
7,477
-.3
2. 1
3.4
-2
6.7
.1
12.9
-1,179
-3,708
-792
-2,106
-1,357
-3,369
. 1
-1.4
-6.1
-8.2
-9. 5 38
47,395
35,475
60,349
17,032
45,754
35,087
29.5
59.8
87.8
128.5
123. 1 39
38 Discrepancy
39 Heno:
Credit akt. funds adv.
d) Consists of U.S.-chartered coaaercial banks, their doaestic affiliates.
Edge Act corporations, agencies and branches of foreign banks, and banks
in O.S. possessions. Edge Act corporations and offxces of foreign banks
appear together in these tables as "foreign banking offices."
(2) Floats and discrepancies in interbank deposits and loans.
III/85 BASED OH IHCOHPLETE IHFOBHATIOH
.5 36
13.2 37
DECEHBEB 6, 1985
Banking Systea
Banking Systea
Sectoc Stateaents of Saving and Investaent
17
SEASONALLY ADJOSTED ANNOAL BATES
SEASONALLY ADJUSTED ANNOAL BATES
J
1980
1981
1982
1983
1984
1
1984
III
II
IV
|
I
I
1985
II
III
Honetary Authority
1.7 Current surplus
1
-2
.4
.1
.5
1-1
1-0
1.3
1.5
1.5
1.5
2
3
4
5
6
7
7.1
2.6
.7
.7
-2.3
.4
8.2
9.4
-2. 1
.7
-1.2
.2
14.6
-.1
.7
-.7
2-7
19.5
-1.2
-9
-4.9
12.8
15.9
.7
.8
-2.7
-.2
12.4
.6
.6
1.3
1.0
-.9
7-7
7.8
-2
.7
-4.4
-7.9
16.9
1.3
-7
.4
-5.7
27.3
.4
.8
1.6
-8.5
8
9
10
11
12
13
14
4.5
4.4
3.9
.6
-1
-5
9.2
9-8
9.6
.1
-.6
.5
9.8
8.5
8.4
.1
1.3
*
10.9
12.0
12.6
-.7
-1. 1
—
1.0
8.4
8.8
8.9
-.1
-.4
—
3.7
8.9
8.7
8-9
-.2
.2
3.0
-9.0
-7.4
-7.4
V
-1.6
11.3
18.9
19. 1
17.9
1. 1
-.2
-3
20.9
19.4
21.1
-1.6
1.5
-.7
33.7
33.4
33.7
-.3
.3
—
-.7
-15.3
-13.6
-13.3
-.3
-1.7
3-7
15
16
17
6.9
-2.3
1.3
7.8
-2.2
-1.2
12.2
1.3
.9
8.9
-5.0
1.5
13.4
-4
3.2
18.5
7.0
-4.3
14.7
5.4
4.8
6.4
-12.7
17.0
15.4
19.4
-14.7
25.8
16.8
-4.2
-5.6 Net increase in liabilities
-10.6
Heaber bank reserves
Vault cash of coal, banks
13,2
18
19
20
21
22
9.0
-1.1
-.2
10.3
-1.1
10.9
1.2
.1
9.5
.3
10.2
.7
-.2
9.7
-.1
13.0
-1.3
V
14.3
-.5
10.3
1.7
V
8.6
-.5
16.2
-2.0
-.4
18.6
-.5
5-8
2.6
-.1
3.3
-K4
2.0
2.5
V
-.5
♦
11.6
-6.4
18.0
-.9
15.5
-3.9
.2
19.2
-2.2
-7.3
-9.5
1. 1
1. 1
-.8
15.0 Current surplus
13.3 Plant and eguipaent
♦
--8
.5
6.3
-3.9 Net acg. of financial assets
Gold and foreign exchange
.8
Treasury currency
.6
SDB certificates
Federal Beserve float
1.5
F.B. loans to doaestic banks
4.8
Credit aarket instruaents
O.S. Governaent securities
Treasury securities
Agency issues
Acceptances
Bank loaas n.e-c.
Hiscellaneous assets
Deaand deposits and currency
Due to O.S. Governaent
Due to foreign
Currency outside banks
Hiscellaneoas liabilities
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
37
18
19
20
21
22
Coaaercial Banking <1>
1
2
7.6
9.9
8.9
10.6
10.0
12.4
14.3
15.2
13.2
15.0
14.3
15.5
12.0
15.4
12.4
14.3
12.0
14.8
14.4
13.1
3
4
108.2
.6
133. 1
1.0
123.7
1.7
148.4
2.2
199.5
2.7
221.2
2.6
129.5
2.7
229-1
2-8
131.5
2.9
198.0
3.1
182.1 Net acg. of financial assets
Deaand deposits and currency
3.2
5
6
7
8
101.3
25.6
15-9
9-7
107.5
11.7
1.9
9.8
107.2
27.7
20.4
7.3
138.5
46.3
45.5
.7
187-7
1.3
2.5
-1.3
171.3
-23-0
-23.4
-3
147.6
12-5
10.7
1.8
208.6
-3.4
-1.4
-2.0
127.9
30.5
32.2
-1.7
197.2
28.0
18.7
9.4
132.3
1.0
9.1
-8.1
9
10
13.6
.6
5.0
♦
4.7
1.9
3.9
3.9
12.5
4.7
2.7
2.0
19.5
6.2
23.0
2.8
-12-2
3.0
12.8
14.4
20.5
10.2
11
12
13
14
15
16
61.5
17.5
-6.2
47.7
1.8
.8
90.8
21.6
4.0
59.2
.8
5.3
72.9
16.0
6.7
49.9
.3
V
84.5
29.2
22.7
31.4
-1.4
2.4
169-2
44.6
46.0
72.6
-3
5.8
189.7
44.2
64.5
82. 1
6.9
-8. 1
109.4
42.0
35.3
27.4
-1.5
6.1
186.5
46.0
37.4
91.1
-2-5
14.6
106.4
45.8
64.1
5.5
-8.5
-.5
142.0
42.5
42.2
36.9
-5.7
26. 1
100.5
45.7
26.4
38.3
1.6
-11.4
17
*
-.1
*
#
-.1
-
*
-.3
.3
*
*
18
19
-1.0
7.3
-3.4
28.0
2.2
12.6
-3.6
11.3
3.6
5.6
2.8
44.5
10.2
-31.0
4.3
13.3
4.7
-4.1
12.6
-14.8
2.6
44. 1
20
21
22
23
24
100.8
5.1
-2.6
-3
7.4
126.9
8.6
-1.1
-3.9
13.7
119. 1
19.2
6. 1
-3.4
16.5
140.6
15.9
-5.3
1.6
19.7
194.6
29.2
4.0
2.0
23.2
217-2
9.5
-1.8
-3.6
14.9
121-3
-1.4
16.3
2.6
-20.2
226.3
56.0
-3.5
6.6
52.8
124.1
-45.5
-12.1
-3.5
-29.9
190.6
115-4
50.9
1.5
63.1
Total bank credit
0.8. Govt, securities
Treasury issues
Agency issues
1
2
3
4
5
6
7
8
Tax-exeapt Obligations
Corporate bonds
9
10
Total loaas
Hortgages
Consuaer credit
Bank loans n.e.c.
Open-aarket paper
Security credit
11
12
13
14
15
16
Corporate eguities
Vault cash ♦ aea. bank res.
Hiscellaneous assets
170.4 Net increase in liabilities
51.0
Checkable deposits
O.S. Governaent
-71.7
9-0
Foreign
113.7
Private doaestic
Saall tiae and savings dep.
17
18
19
20
21
22
23
24
25
25
44.8
40.3
97-0
130.0
74.6
92-3
85.6
95- 1
73.3
114.9
84.Q
26
27
47.2
17.8
51.5
13.1
-8.8
10.7
-52.3
10.2
25.9
-2.5
54.2
-33.0
2.0
3.7
17.6
-6.0
40.4
26.9
-66.3
14.0
-6.3
-39.6
28
29
30
31
-28.5
-1.9
-3.4
-23.2
-12.4
-2.9
-2.4
-7.0
-14.3
.1
15.7
-30. 1
18.0
-1.0
-1. 1
20. 1
33.6
2.0
19.1
12.5
40. 1
7.9
13.6
18.6
24.3
14.0
5.0
5.4
5.2
-12.3
19-5
-2. 1
29.1
-5.3
6-7
27.7
-7.3
-6.9
4.3
-4.6
39.6
6.3
12.5
20.8
Net interbank claias
To Federal Beserve
To doaestic banks (2)
To foreign banks
28
29
30
31
32
33
34
35
.4
7.1
1-5
5.6
-5
8.2
1-2
7.0
.6
2.5
1. 1
1.4
.7
8.4
4.9
3.5
.8
14.5
8.2
6.3
.
32.
14.
18.
8
1
1
1
-8
-9.0
2.0
-11.0
.9
18.8
14.3
4.5
.9
18- 1
12-7
5.4
.9
8-7
9.3
-.5
-9
8.4
8.2
.2
Corporate eguity issues
Credit aarket debt
Corporate bonds
Open-aarket paper
32
33
34
35
36
37
-.5
7.4
-.4
17.4
-. 1
12.4
-- 1
9.9
V
18.6
*
21. 1
*
15.2
V
38.7
*
-19.0
.1
10. 1
.1
32.5
Profit taxes payable
Hiscellaneous liabilities
36
37
38
-9.8
-7.8
-7.0
-8.7
-6.8
-5. 1
-11.7
-4.6
-10.2
-6.2
39
100.6
102.3
107.2
136. 1
181-9
179.4
141.5
194.4
128. 1
171. 1
26
Large tiae deposits
Fed. funds and security BP's 27
-10.0 Discrepancy
38
14 3.7 Heao:
39
Credit akt. funds adv.
(1) Consists of 0.S.-chartered coaaercial banks, there doaestic affiliates.
Edge Act corporations, agencies and branches of toreign banks, and banks
in O.S. possessions. Edge Act corporations and offices of foreign banks
appear together in these tables as "foreign banking offices.**
(2) Floats and discrepancies in interbank deposits and loans.
BILLIONS OF DOLLARS.
III/85 BASED OH INCOHPLETE IHFOBHATION
DECEMBEfi 6, 1985
Coaaercial Banking Subsectors
18
Coaaercial Banking Subsectors
Subsector Stateaents for Coaponent Groups in Coaaercial Banking
UNADJUSTED MET FLOWS(S MILL)
UNADJUSTED BBT FLOWS($ HILL)
)
1I
II
1984
III
IV
|
J
1985
II
I
III
1975
BILLIONS OF DOLLABS
1976
1977
1978
1979
0., S.-Chartered Coaaercial Banks
1 Current surplus
2 Plant and eguipnent
3 Met acg. of financial assets
4
Total bank credit
5
U.S. Governaent securities
6
Treasury issues
7
Agency issues
8
9
10
11
12
13
14
15
16
17
Tax-exeapt Obligations
Corporate bonds
Total loans
Hortgages
Consuaer credit
Bank loans n.e.c.
Open-aarket paper
Security credit
Vault cash ♦ aea. bank res.
Hiscellaneous assets
18 Net increase in liabilities
19
Checkable deposits
20
U.S. Governaent
21
Foreign
Private doaestic
22
3,461
3,878
2,714
3,862
2,676
3,564
3,955
3,688
3,454
3,270
3,427
3,335
4.3
2-3
4.5
4. 1
5.3
6.7
6.7
9.5
7.9
10. 8
1
2
47,468
46,239
-7,213
-7,335
122
36,384
34,674
152
-548
700
63,172
61,435
918
1,559
-641
10,443
13,651
10,598
11,081
-483
47,356
49,407
6,062
3,689
2,373
35,487
28,745
-2,400
-899
-1,501
29-0
30-7
30.1
28.4
1.6
59.6
61.3
19.6
18. 1
1.5
91.0
83. 7
-1.3
-2.2
.9
119.5
106.7
.1
-6.7
6.8
111.5
107.8
7. 4
-.2
7.6
3
4
5
6
7
-267
-52
5,429
821
8,042
446
-4,765
-71
2,045
2,947
5,754
2,914
1.6
1.8
2.6
-.6
9.2
-.3
9.4
-.6
9.7
-.3
8
9
53,771
12,516
16,229
24,185
1,586
-745
28,272
11,332
12,548
2,111
1,718
563
52,029
11,400
11,102
24,946
-1,261
5,842
7,889
8,539
9,116
-4,005
-2,792
-2,969
38,353
12,364
11,008
9,769
-1,231
6,443
22,477
12,116
10,785
1,990
1,186
-3,600
-2.8
3.7
3-1
-12-8
1- 1
2.2
39.8
15. 1
12.0
3.2
3.2
6.2
76.1
27.3
22.3
24.6
.2
1.8
97-8
35.3
26.2
41.6
-2.3
-3.0
91.0
30.6
19.9
39. 9
1.6
-.8
10
11
12
13
14
15
-1,175
2,404
3,632
-1,922
4,100
-2,363
-1,002
-2,206
1,038
-3,089
2,044
4,698
.8
-2.5
-1.0
-.6
3-5
3.7
5.9
7.0
46,706 33,824
2,560
2,371
-1,000
12,678
92
132
3,468 -10,439
63,268
8,070
31,174 -29,529
-9,172 -1,907
2,922 -1,830
37,424 -25,792
45,815
27,656
10,365
995
16,296
32,026
14,384
-7,836
1,908
20,312
27. 1
7-0
-1.7
-.5
9.2
57.9
11.0
-. 1
1.7
9.4
86.3
21.5
4.3
1.7
15. 5
114. 1
22.9
6.8
*
16.2
1.6 16
2. 1 17
104.9
25.6
-4
3.4
21.8
18
19
20
21
22
23
Saall tiae+savings deposits
18,806
12,486
29,978
24,994
24,452
10,994
39.9
54.6
28.2
13.2
29.5 23
24
25
Large tiae deposits
Fed. funds and security BP’s
17,347
-9,666
11,164
1,999
2,869
-1,110
-324
6,671
-7,404
1,732
5,728
-8,449
-13.3
3.5
-15.6
13.6
23.8
9.0
42. 1
19.5
10-2 24
15.6 25
26
27
28
29
30
Net interbank liabilities
Federal Beserve float
Borrowing at F.B. banks
To doaestic banks
To foreign banks
12,638
-1,442
3,864
4,822
5,394
4,063
944
1,873
94
1,152
-4,825
566
-3,056
-1,944
-391
5,736
-557
-995
529
6,759
-5,521
-36
-1,244
-3,787
-454
9,763
-130
1,182
11,388
-2,677
-10.9
1.7
-. 1
-4.2
-8.3
-9.8
-1. 1
-.2
.3
-8.7
-2.8
1.2
.2
-2.7
-1.5
2.5
2.7
-9
-3.5
2.3
13-0
.3
.3
-4.0
16.5
26
27
28
29
30
31
32
33
34
Corporate eguities
Corporate bonds
Profit taxes payable
Hiscellaneous liabilities
202
2,226
-3
2,596
209
-720
4
2,248
216
2,264
4
2,698
223
1,505
15
-1,221
230
62 5
18
4,027
237
243
20
-894
1.0
.2
-.3
-1
1. 6
.7
1.7
.6
.6
.2
5.4
1. 1
-2
.1
12.4
1. 3
.2
.5
9. 1
31
32
33
34
-1,179
-3,708
-792
-2,106
-1,357
-3,369
.1
-1.4
-6. 1
-8.2
-9. 5 35
46,984
34,111
55,593
16,620
42,964
32,345
28.5
55. 1
81.9
109.6
108.6 36
♦
-.5
.6
1.7
2.7
-1.0
5.4
5.5
-. 1
1
2
3
*
-1.6
2.0
.7
1.3
-.3
1-7
-3.0
7.2
-5
6.7
-2.4
5.4
-1.4
6.5
1.9
4.5
.3
4
5
6
7
8
9
5.7
4.9
-. 1
*
.2
4.7
.1
21.8
19.6
-5
-- 1
.1
18. 1
1.0
16. 5
14. 5
.5
. 1
. 1
13.2
.6
1
2
3
4
5
6
7
35 Discrepancy
36 Heno:
Credit akt. funds adv.
Doaestic Affiliates of Coaaercial Banks
1 Net acg. of financial assets
2
Inv. in finance co. subs.
3
Bank loans n.e.c.
4 Net increase in liabilities
5
Net interbank claias
6
Credit aarket debt
7
Corporate bonds
8
Coaaercial paper
Hiscellaneous liabilities
9
5,168
4,954
214
-3,598
-3,832
234
5,080
4,725
355
230
58
172
89
-173
262
-776
-1,122
346
2-9
3.4
-.5
6. 1
6. 4
—.3
5,168
-1,894
5,811
1,291
4,520
1,251
-3,598
-24
-1,537
1,220
-2,757
-2,037
5,080
1,263
2,440
1,306
1,134
1,377
230
209
3,020
1,663
1,357
-2,999
89
-1,368
1,555
1,688
-133
-98
-776
-1,073
1,849
1,797
52
-1,552
2-9
2.0
6. 1
—.3
5-4
6.2
.6
.3
.3
.2
-.8
.9
Foreign Banking Offices in U.S.
1 Net acg. of financial assets
Credit aarket instruaents
2
3
U.S. Governaent securities
4
Tax-exeapt Obligations
5
Corporate bonds
6
Bank loans n.e.c.
7
Open-aarket paper
6,193
68
-119
-50
635
-808
410
-1,289
904
85
65
746
1,394
-1,386
3,504
4,173
-343
-94
296
4,357
-43
400
-51
-21
-2
814
-1,227
385
5,583
2,205
-806
12
655
2,437
-93
9,488
2,027
-624
-7
-373
2,866
165
1.6
1. 1
-.2
*
*
1.2
♦
-- 1
3.5
.5
Corporate eguities
Security credit
Hiscellaneous assets
-406
6,531
—4
225
-2,414
-71
1,246
-1,844
65
-728
1,114
5
751
2,62 2
1
117
7,343
*
-. 1
.6
*
.4
.4
*
.5
.3
V
.1
2.0
* 8
* 9
2. 1 10
11 Net increase rn liabilities
12
Deaand deposits
13
Tine deposits
6,193
190
1,127
-1,289
-759
-4,567
3,504
-372
3,092
400
276
—3,513
5,58 3
253
-2,634
9,488
379
-626
1.6
.6
3-4
5-3
2-4
-4
5.7
3.0
2.2
21.8
2.5
6. 4
16.5 11
. 8 12
3.6 13
14
15
16
Net interbank liabilities
To foreign banks
To doaestic banks
1,926
1,099
827
1,991
138
1,853
631
-1,980
2,611
2,427
-811
3,238
7,656
1,226
6,430
897
7,416
-6,519
-3.0
-1.4
-1.6
2-2
3.0
-. y
-.2
.9
-1. 1
10.6
3.4
7.3
9.5 14
5.8 15
3. 7 16
17
Hiscellaneous liabilities
2,950
2,046
153
1,210
308
8,838
.7
-3
.7
2. 3
2.7 17
8
9
10
5-3
4. 4
.5
♦
Banks in U.S. Possessions
1 Net acg. of financial assets
Deaand deposits and currency
2
974
651
997
681
1,019
708
1,041
737
1,063
765
1,085
793
1.1
.1
.4
-. 2
.8
.5
.6
.3
1. 1
.7
1
2
3
4
5
6
7
8
9
129
147
-21
-86
88
1
194
226
160
-10
-24
90
10
90
228
174
-22
-49
92
33
83
291
187
-16
-5
94
31
13
323
201
-21
-5
96
52
-25
369
214
-19
19
98
57
-77
.4
.1
.1
*
*
.2
.6
.6
. 1
-4
- 1
. 1
-. 1
-. 1
.3
.2
-. 1
.1
*
.1
*
.2
-. 1
.3
-2
. 1
—.3
.1
*
*
-.2
. 1
. 1
*
.4
3
4
5
6
7
8
9
974
997
1,019
1,041
1,063
1,085
1. 1
.4
.8
.6
Credit aarket instruaents
U.S. Governaent securities
Tax-exeapt Obligations
Corporate bonds
Hoae aortgages
Coaaercial aortgages
Hiscellaneous assets
10 Net increase in deposit liab.
111/85 BASED 0N INCOHPLETE INFOBHATION
1. 1 10
DECEMBER 6, 1985
Coaaercial Banking Subsectors
Connercial Banking Subsectors
Subsector Stateaeats for Coaponent Groups in Coaaercial Banking
SBASOHALLI ADJUSTED AHMOAL BATES
1980
1981
1982
SBASOHALLI ADJUSTED AHHOAL BATES
1983
1984
1
jI
1984
III
II
IV
|
1
I
1985
II
III
0-S.-Chartered Coaaercial Banks
1
2
7-6
9-9
8-9
10.6
10.0
12-4
14.3
15.2
13-2
15-0
14.3
15-5
12.0
15-4
12.4
14.3
12-0
14.8
14.4
13.1
3
4
5
6
7
84.2
84-2
25-0
15-3
9-7
106.3
100.3
11-4
1.8
9.6
112- 1
106.7
26-7
19.4
7.3
133-7
136.6
44.2
43.5
.7
179.6
179.3
1-3
2.5
-1.2
162.7
162.2
-23.2
-23.5
-3
153.1
149.3
11-5
10-4
1-1
192.0
186.2
-2.7
-1.4
-1-3
125.3
129.4
29.9
31-4
-1.6
161.6
173.5
30.5
21.1
9-3
8
9
13-2
-5
5.7
♦
4.6
1.7
3.8
3.6
12.6
3-2
2.9
-.2
19-3
3-3
23-5
1-8
-12.2
-.3
11-8
20.6
11.7
10
11
12
13
14
15
45.6
17.4
-6.2
32-2
1-0
1.2
83.2
21-5
4.0
53-3
-.2
4.7
73.7
15-9
6.7
49.6
1.0
.5
85.0
29.2
22.7
32.6
2.0
162-1
44.2
46.0
66.0
1.3
4.7
182.6
43.9
64.5
75.8
5.2
-6.8
115-2
41.6
35.3
28.8
4.1
5.4
163-7
45.5
37.4
72-1
-2.3
11.0
112.0
45-3
64-1
11.4
-10.0
1.3
118.5
41-9
42.2
17.2
-5.4
22.5
93.9
45-1
26.4
33.2
1-0
-11-8
16
17
-1.0
-9
-3.4
9.4
2.2
3.2
-3-6
.7
3.6
-3.3
2.8
-2.2
10.2
-6.4
4.3
1-4
4.7
-8.8
12.6
-24.5
2.6
19.5
18
19
20
21
22
76.7
10.7
-2.6
-.2
13-4
100.1
14-8
-1.1
-3.0
18-9
107-5
20.9
6. 1
-2-2
17. 1
125.9
15.6
-5.3
1-4
19.5
174.6
30.2
4.0
2.8
23.4
158.8
11.6
-1-8
-2.7
16.0
144.9
-.4
16.3
3.2
-19-9
189-2
57.6
-3.5
10.4
50.6
118.0
-47.2
-12.1
-6.5
-28.6
154. 1
116.4
50.9
1-3
64.2
23
44.8
40.3
97.0
130.0
74.6
92.3
85-6
95. 1
73.3
114.9
84.0
24
25
39.3
17.8
43.9
13.1
2.3
10.7
-38.7
10.2
33.9
-2-5
49.7
-33.0
20.3
3-7
5.2
-6-0
54.4
26.9
-55.7
14-0
-3.8
-39.6
24
Large tine deposits
Ped. funds and security BP's 25
26
27
28
29
30
-36.7
-2-3
-4
-12-4
-22.3
-18.8
-2.7
-.2
-9.7
-6.2
-27.6
1.0
-.9
-9-5
-18.2
7.6
-1.2
.2
-1-0
9-6
24.4
-.7
2-7
12.7
9-8
31.0
-4.9
12.8
6.0
17. 1
23.9
6.3
7.7
5.4
4-5
-3-5
-4.4
-7.9
11-8
-3-0
22-1
.4
-5-7
-9.9
37-4
-41.0
-8.5
-27.0
-7-1
47.7
1.5
4.8
51.9
-10.6
Het interbank liabilities
Federal Beserve float
Borrowing at F.R. banks
To doaestic banks
To foreign banks
26
27
28
29
30
31
32
33
34
-4
.2
-.5
-8
-5
-.1
-.4
6.7
.6
-6
-. 1
3-1
.7
-.2
-. 1
-9
.8
3-6
#
9.6
.8
8.9
*
-2.6
.8
-2-9
♦
13.9
.9
9. 1
*
30.8
.9
6.0
*
-18.5
-9
2-5
.1
2-1
.9
1.0
.1
2.0
Corporate eguities
Corporate bonds
Profit taxes payable
Hiscellaneous liabilities
31
32
33
34
35
-9.8
-7.8
-7.0
-8-7
-6.8
-5. 1
-11.7
-4.6
-10.2
-6-2
36
83.1
95.6
106.2
134-6
174.6
169.0
143.9
175.2
128.2
151.0
-1-5
12.8
1-6
15.0 Current surplus
13.3 Plant and eguipaent
150-9 Het acg. of financial assets
Total hank credit
128.8
o.s. Governaent securities
2-7
10-7
Treasury issues
Agency issues
-8-0
Tax-exeapt Obligations
Corporate bonds
Total loans
Hortgages
Consuaer credit
Bank loans n.e.c.
Open-aarket paper
Security credit
Vault cash ♦ aea. bank res.
Miscellaneous assets
139.2 Het increase in liabilities
Checkable deposits
47-0
O.S. Governaent
-71-7
Foreign
10-3
Private doaestic
108.3
Saali tiae+savings deposits
-10.0 Discrepancy
140.5 Heao;
Credit akt. funds adv.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
35
36
Doaestic Affiliates of Coaaercial Banks
1
1
2
3
4.3
4.4
-.1
8.0
7-9
.1
6.2
6. 1
.1
6.5
6.8
-.2
7-5
6.7
.8
20.7
19.8
.9
-14.4
-15.3
.9
20.3
18-9
1.4
-9
-2
-7
-4
-.7
1-0
-3.1 Het acg. of financial assets
Inv. in finance co. subs.
-4.5
1-4
Bank loaas n.e.c.
2
3
4
5
6
7
8
9
4.3
-2-7
6-9
1-4
5-6
-1
8.0
-1-4
8.3
1-3
7.0
1.1
6-2
2-1
1.9
-5
1.4
2. 1
6.5
-5.4
8.6
5.2
3.5
3.4
7.5
-4. 1
10-9
4.7
6.3
.7
20.7
-7.6
23.2
5. 2
18. 1
5-0
-14.4
-.1
-6. 1
4.9
-11.0
-8.1
20.3
5. 1
9.8
5-2
4.5
5.5
-9
.8
12.1
6.7
5-4
-12.0
.4
-5.5
6.2
6.8
-.5
~-4
-3. 1 Het increase in liabilities
Het interbank claias
-4.3
7.4
credit aarket debt
Corporate bonds
7.2
Coaaercial paper
-2
-6.2
Miscellaneous liabilities
4
5
6
7
8
9
—
——— —
Foreign Banking Offices in o.s.
1
2
3
4
5
6
7
18.1
17.0
-5
.2
*
15.5
.8
16. 1
7.7
.6
-.1
-3
5.8
1.0
2.3
-3
.8
-. 1
-1
-2
-.7
4.6
1.2
1.7
-. 1
-4
-.9
.2
8.5
5.8
-.6
-.1
1.8
5-7
-.9
33.9
9-0
-.5
-.2
2.5
5-5
1.6
-13.2
-4.3
.3
.3
3-0
-2.3
-5.5
12.7
16.8
-1.4
-.4
1.2
17.5
-.2
1.1
-1.9
-.1
*
3.3
-6.6
1-5
31.9
17.7
-3.2
*
2-6
18-7
-.4
30.0 Het acg. of financial assets
Credit aarket instruaents
.3
U.S. Governaent securities
-2.5
V
Tax-exeapt Obligations
Corporate bonds
-1.5
Bank loans n.e.c3.7
Open-aarket paper
-7
8
9
10
*
-.4
1-5
-.1
-6
7.9
*
-.5
2-4
*
-5
2-9
-.1
1- 1
1.7
-1.3
26. 1
*
.8
-9.7
-.3
3-6
-7.4
-3
-1.7
4.5
*
3.6
10-5
*
-3
29-4
11
12
13
18-1
-5.6
7.9
16- 1
-6-1
7-6
2.3
-1.7
-11-1
4.6
.3
-13.6
8-5
-1.0
-8.0
33-9
-2. 1
4.5
-13.2
-1.0
-18.3
12.7
-1.6
12.4
1-1
1.7
-14.1
31-9
-.9
-10.5
14
15
16
10-9
-.8
11.7
7-9
-.8
8-6
11. 1
-11-9
23.0
15-9
10.5
5-4
13-2
2.7
10.6
16-7
1.5
15. 1
-5
.8
-.3
3.6
1.0
2.6
6. 1
-9-7
15.8
39.2
2.5
36.7
17
4.9
6.8
3.9
2.0
4-4
14.7
5.5
-1.6
7-4
4- 1
Corporate eguities
Security credit
Miscellaneous assets
1
2
3
4
5
6
7
8
9
10
30.0 Het increase in liabilities
4.0
Deaand deposits
Tiae deposits
-2.5
11
12
13
-3.8
31.4
-35.2
Het interbank liabilities
To foreign banks
To doaestic banks
14
15
16
32.4
Miscellaneous liabilities
17
Banks in O.S. Possessions
1
2
1-6
-6
2-7
1.0
3.2
1.7
3.6
2.2
3.9
2.7
3.9
2.6
4.0
2.7
4. 1
2.8
4.2
2-9
4.3
3.1
4.3 Het acg. of financial assets
Deaand deposits and currency
3.2
1
2
3
4
5
6
7
8
9
-5
-1
.3
*
.2
-.1
.5
-1. 1
-.3
-.7
-.3
-3
-.2
2-9
.6
-2
-2
-1
.3
-.2
-9
.5
.4
.1
-. 1
.3
-.3
.9
-7
.6
-.1
-.2
-4
*
.6
.5
.6
-. 1
-.3
-4
-9
-6
1.2
.7
-.1
*
.4
.1
.8
-- 1
.4
*
.4
.9
.7
-. 1
-.2
-4
.1
-3
.1
1.3
.8
-«1
*
.4
.2
-.1
1.5
-9
-.1
.1
.4
.2
-.3
Credit aarket instruaents
U.S. Governaent securities
Tax-exeapt Obligations
Corporate bonds
Hone aortgages
Coaaercial aortgages
Hiscellaneous assets
3
4
5
6
7
8
9
10
1.6
2.7
3.2
3.6
3.9
3. 9
4.0
4.1
4.2
4.3
4.3 Het increase in deposit liab.
BILLIOHS OF DOLLARS.
♦
III/85 BASBD OH IHCOHPLBTE IHFORMATIOH
♦
10
DECEHBEB 6, 1965
Monbank Finance Saaaary
Monbank Finance Saaaary
Private Monbank Financial Institutions
20
UNADJUSTED HET FLOHS ($ HILL)
UNADJUSTED BET FLOHS($ HILL)
1
1
)
1984
II
III
IF
1
BILLIOHS OF DOLLABS
1965
I
II
III
1975
1976
1977
1978
1979
Private Honbank Financial Institutions - Total
1 Current surplus
2 Physical investaent
1,166
1,395
1,445
1,548
851
1,975
107,893 95,654 141,343
3 Het acg. of financial assets
555
4
Deaand deposits and currency
2,986
1,557
5
Tiae and savings deposits
6,407 -15,291
4,813
5,351
6
Security BP’s
2,173
5,426
680 -2,451
-803
7
Foreign deposits
8
9
10
11
12
13
14
15
Corporate eguities
Credit aarket instruaents
U.S. Governaent securities
Tax-exeapt Obligations
Corporate * foreign bonds
Hortgages
Consuaer credit
Other loans
-4,765
91,612
12,119
437
14,043
35,559
11,286
18,168
5,878
7,905
88,768 108,186
29,213 42,685
2,081
3,674
13,171 13,635
25.976 15,657
12,913
12,065
5,414 20,470
16
17
18
Security credit
Trade credit
Hiscellaneous assets
-1,107
1,181
10,209
-1,309
1.187
9,835
-618
1,019
15,506
2,694
1,594
2.5
5.3
5.8
3.6
9.9
2-2
13. 1
2.0
11.0
2.9
1
2
82,678 117, 309 101,684
837
7,439
1,798
216
1,465 -1,835
-4,126 -1,432
3,632
-256 -2,361
404
123.8
-5
3.4
-1.0
160.5
1. 1
-.9
1.6
-
196. 1
1-0
3.1
3.0
*
218.8
3.5
6.5
1.8
.5
244.6
3.9
9.5
5.5
4.6
3
4
5
6
7
13,829
67,143
29,391
12,349
-4.898
13,074
6,062
11,165
1,704
93,040
9,722
7,033
27,274
19,256
15,518
14,237
5,949
90,016
26,325
6,194
18,979
23,709
20,353
-5,544
10.6
103.0
28.8
6.0
28.0
27.0
5-0
8.3
12.9
135.6
28.0
9-3
30.2
46.0
10.3
11.7
7.8
175. 1
22.9
13.5
34.5
66.5
16.1
21.6
4.6
189.2
20.3
15.2
37.4
69.8
19.4
27. 1
12.9
193. 3
30.6
10.9
27.8
64.7
22.2
37.2
8
9
10
11
12
13
14
15
986
884
3,165
2,628
786
14,040
91
634
995
1.0
.6
5.6
4.6
1.2
4.5
1.0
1.3
3-8
1.6
1.5
9.6
187.6
69.7
.2
1.9
65- 1
2.8
204.4
59. 1
6.9
2. 1
79. 4
1.2
231.0
4b. 9
34. 4
-5
86. 9
1.5
19
20
21
22
23
24
27.8
5.7
*
-. 5
13.4
9.2
25
26
27
28
29
30
1,412
1,480
2,625
2,030
1. 1 16
1-9 17
11.8 18
19 Het increase in liabilities
104,247
20
Tiae and savings deposits
31,229
21
Honey aarket fund shares
3,854
22
Security BP’s (s+l)
9,360
23
Insurance ♦ pension reserves 26,162
24
Corporate eguity issues (1)
7,335
99,358 142,394
26,050 36,263
5,129 26,972
5,461
752
28,978 35,758
10,154
9,843
84,863 118,777 103,076
26,494 21,671
13,656
-3,024
5,108 -5,292
-5,291 -6,540
6,707
27,640 38,853 41,288
24,309 24,031 24,348
126.5
59-4
1.3
-1
51- 1
-.5
155.7
69.2
25
26
27
28
29
30
Credit aarket instruaents
Corporate bonds
Hortgages
Bank loans n.e.c.
Open-aarket paper
Fed. Hoae Loan Bank loans
6,519
-896
-22
780
-1,594
8,251
17,545
4,329
-23
271
5,822
7,146
12,518
4,694
-16
1,489
4,735
1,616
9,095
1,230
-5
-1,287
9,087
70
18,868
7,648
-1
1,296
4,987
4,938
19,528
860
9
986
11,557
6,116
-3.8
2.8
.4
-3.7
.7
-4.0
.7
3.0
.4
-3.7
3. 0
-2.0
21.3
8.9
-.3
8.4
4. 3
29.7
6.8
.2
2.3
7.9
12.5
31
32
33
Security credit
Profit taxes payable
Hiscellaneous liabilities
-1,258
-36
21,082
695
-49
5,706
6,782
-59
13,254
-3,677
-76
9,393
7,008
-97
9,875
-3,478
-90
6,409
2-9
-1
15.9
7.9
.5
24.0
.9
.7
24.9
*
.8
25. 1
1. 1 31
-.2 32
32.2 33
-3,875
3,601
-73
2,117
2,063
2.492
-. 1
-2.6
-.8
-3.3
-5.5 34
34 Discrepancy
♦
-. 1
55.3
-1.8
♦
(1) Includes aatual fund shares.
Savings Institutions Coabined
1 Current surplus
2 Net acg. of financial assets
3
Deaand deposits and currency
4
Tine deposits
5
Security BP’s
6
7
8
9
10
11
12
13
14
15
16
17
18
19
Corporate eguities
Credit aarket instruaents
U.S. Govt, securities
Tax-exeapt Obligations
Corporate bonds
Hortgages
Hoae aortgages
Hulti-faaily
Coaaercial
Fara
Consuaer install, credit
Consuaer noninstall.credit
Open-aarket paper
Hiscellaneous assets
20 Net increase in liabilities
Deposits
21
Security BP’s
22
Cr. akt. instr. (svgs. +loan)
23
24
Profit taxes payable
25
Hiscellaneous liabilities
26 Discrepancy
109
128
191
259
30 5
375
2.0
2.9
3.8
5.0
4.3
1
54,463
595
-1,272
564
41,067
70
-6,152
1,522
42,281
1,139
1,089
2,905
25,505
237
2,980
-5,423
25,799
783
2,415
3,387
30,631
-69
-2,540
-441
58. 1
-3
5.0
-1. 1
72. 1
.2
-1-5
1.6
84.9
*
1.0
2.9
81.3
1. 1
.2
1.7
66. 5
.5
-.8
3.4
2
3
4
5
-26
45,746
5,152
-128
-848
-77
37,324
5,940
-60
-48
-163
24,097
1,168
59
-336
101
140
5,862
26,383
4,320 -14,814
-3 4
22
-28 7
344
-39
34,382
6,149
11
-474
-2
50. 9
9.7
1.6
3-5
. 1
68.4
10.2
.6
2.8
.4
78.5
7.0
.4
1.2
. 1
72-2
5.4
.6
. 1
6
-. 1
56.5 7
2. 1 8
-.5 9
-1. 1 10
30,457
21,235
2,874
6,348
-
24,949
16,790
2,264
5,894
1
13,726
8,555
1,250
3,921
-
10,733
7,478
1,115
2,140
-
14,408
11,014
1,335
2,059
-
19,011
15,663
1,333
2,014
1
30-2
22-3
2-6
5.3
*
47.6
38.8
3.3
5. 6
♦
61.9
52.0
4.9
4.9
*
57.8
50.0
4.3
3-5
♦
48.2
42.8
2. 1
3. 3
*
11
12
13
14
15
6,117
1,005
3,991
8,856
6,818
1,300
-1,575
8,380
4,634
1,156
1,690
13,214
5,428
497
5,039
1,227
6,981
1,426
-1,818
13,212
8,541
1,435
-291
-662
4.4
1-0
2.7
6.6
.3
-3
3.3
8. 1
.3
-.3
2.2
7.3
.5
.6
6.0
3.6
2.4
1.8
7.0
16
17
18
19
54,781
31,229
9,360
8,331
-14
5,875
41,211
26,050
5,461
6,110
-16
1,606
42,373
36,263
752
5,274
-25
109
25,268
26,494
-5,291
623
-20
3,462
25,357
21,671
-6,540
4,566
-17
5,677
29,847
13,656
6,707
6,873
-18
2,629
55.0
5y.4
.1
-4.2
. 1
.6
b8. 9
69.2
-. 1
-1. 7
.2
1-2
80.3
69.7
1.9
6.9
.2
1.6
76.0
59. 1
2. 1
13.5
.2
1.0
62.0
46. 9
.5
12.6
-.2
2.3
20
21
22
23
24
25
427
272
283
22
-137
-409
*
-.4
-.8
—.3
III/85 BASED OM IHCOHPLETE IHFOBHATIOH
.4
-.2 26
DECEMBER 6, 1985
Monbank Finance Sunnary
Monbank Finance Sunnary
Private Monbank Financial Institutions
21
SEASONALLI ADJUSTED ANNUAL RATES
1980
1981
1982
SEASONALLI ADJUSTED ANNUAL RATES
1983
1984
I
J
II
1984
III
IF
|
I
I
1985
II
III
Private Nonbank Financial Institutions - Total
1
2
9.2
3.8
3
4
5
6
7
-.4
5.4
.1
4.9
250.0
3.6
17.9
3.2
1.7
309.4
3.2
23.2
14.7
12.1
8
9
10
11
12
13
14
15
24.9
180.7
56.9
9.7
31-6
42-8
9-9
29-8
16
17
18
3.9
4.0
2.2
6.3
2.9
5.6
3.9
6.2
4-5
7-9
8.5
5.9
8.6
8. 1
284.8
8.0
5.4
6.1
4.9
329.0
4.8
-12.5
11.8
-1.8
449.6
6.0
-4.7
23. 1
-.7
424.7
11.7
20.5
9.8
-3.2
399.0
2.6
-46.6
21.9
2.7
530.9
-9
17.4
24.2
-9.8
359.9
8.7
-8.9
-20.7
-1.0
460.6
29.6
1.9
-4.4
-9.4
423.0 Met acq. of financial assets
7.6
Deaand deposits and currency
9.3
Tine and savings deposits
15.0
Security RP's
1.6
Foreign deposits
21.0
215.0
74.9
7.3
26.2
26.0
13.4
67.2
37. 1
180.4
143.4
14.6
18.6
-17.4
11. 1
10.0
56.4
246.6
92.3
10.0
28.8
62.5
29.2
23.8
11.2
371.3
113.7
11.1
43.7
95.6
38.7
68.4
-14. 1
359.3
60. 1
1.4
50.6
130.8
43.2
73.3
21.4
358.1
119.4
8-6
56.5
96.2
48.0
29.5
18.2
422-7
162.2
14.0
51-5
74.0
39-5
81.5
67.2
286.6
113.5
50.4
-14.9
59.8
42.9
34.8
14.4
360-1
51.5
27.6
103.7
63.4
55.3
58.5
19.7
363.2
107.4
25.1
79.7
87.4
77.8
—14.2
6-5
2-0
9.6
-2.4
2.6
20.0
3.7
2. 1
37.2
7.4
2.0
14.4
-3.0
4.3
42.2
-4.4
4.7
40.3
-5.2
4.7
39.4
-2.5
4.1
55-6
3.9
3.5
20.6
10-5
3.1
54.8
.4
2.5
3.7
19
20
21
22
23
24
239.6
57.6
29.2
2.1
107.2
6.6
319.4
26.1
107.5
3.0
108.2
7.7
293.5
63.4
24.7
-1.2
135.3
21.8
325. 1
132-5
-44. 1
13-9
130.0
34.8
453.5
132-3
47.2
18.8
116.8
41.9
410.4
132.8
15.4
37.4
110.9
32.9
416.1
119.0
20.5
21.8
109.1
40.1
532.3
138-7
107.9
3-0
135.6
40.4
368.5
88.9
-12.1
-21.2
121.7
92.7
469.4
94.9
20.4
-26.2
163.6
100.2
25
26
27
28
29
30
5.8
.3
*
-.9
-.8
7.1
33.4
2.4
*
-9
13.9
16.2
8.8
8.6
.1
1.9
-2.6
.8
9.0
3.6
13.4
1.8
-. 1
1.7
-14.6
24.5
78.2
17.7
-.1
6.4
29.8
24.5
34.4
15.6
-. 1
-3.2
15-7
6.4
57.5
1.0
*
.8
42.2
13.5
61.4
38.2
-.2
12.6
-7.0
40.9
10-3
-.1
1.0
14.1
15.7
2.8
10.5
9.9
87.6
3.6
*
10.0
53.8
20.1
31
32
33
6.0
-.8
25-9
2.5
-1.2
32.2
3.6
.1
37.0
3.8
.1
45. 1
5.2
-.2
50.4
-8.5
-. 1
76.0
5.7
-.2
21.8
13.4
-.3
59.4
-.4
—.3
41.6
25.4
-.3
30.0
-11.4
-.4
24.9
34
-5.0
4.2
4.0
-3.9
-.3
-17.0
14.9
-2.0
11.1
9.2
«
#
8.7 Current surplus
6.4 Physical investaent
1
2
3
4
5
6
7
Corporate eguities
8
Credit aarket instrunents
9
O.S. Governaent securities 10
Tax-exeapt Obligations
11
Corporate * foreign bonds 12
Mortgages
13
Consuaer credit
14
Other loans
15
Security credit
Trade credit
Miscellaneous assets
16
17
18
430.4 Met increase in liabilities
70.0
Tine and savings deposits
-21.2
Money narket fund shares
26.8
Security RP's (s*l)
155.9
Insurance ♦ pension reserves
98.0
Corporate equity issues (1)
19
20
21
22
23
24
Credit narket instrunents
Corporate bonds
Mortgages
Rank loans n.e.c.
Open-aarket paper
Fed. Hone Loan Bank loans
25
26
27
28
29
30
Security credit
Profit taxes payable
Miscellaneous liabilities
31
32
33
9.8 Discrepancy
34
(1) Includes autual fund shares.
Savings Institutions Combined
1
1.2
-6.4
-4.0
*
.4
.4
.5
.8
1-0
1.2
2
3
4
5
69.2
1.7
8.5
-.1
43.7
2.3
-.9
5.7
73.0
2.1
9.7
.4
157.5
2.8
-.1
5.4
182-1
2.0
-7.3
9.2
209.0
3.2
-10.2
3.3
173.4
.5
-10.1
6.6
172.6
4. 1
2.6
14.2
98.4
.4
2.2
-25.9
92.2
3.9
5.7
14.9
6
7
8
9
10
-.5
54.5
21.4
-.5
.7
-.6
27.4
5.2
*
-1.0
-.5
31.4
48.0
-.3
-1.1
.3
140.5
65.3
-.2
3-0
-.2
143.0
28.2
-.3
-1-5
-. 1
177.8
24.3
-.5
-3. 4
-.3
143. 1
30.1
-.2
-.2
-.7
106.0
.8
.2
-1.3
.4
108.4
10.5
.1
1-4
.6
15.6
-55.3
-. 1
-1«1
-.2
130.8
31.5
*
-1.9
11
12
13
14
15
29.4
27.8
1.6
*
17.8
16.6
-.7
1.9
-
-25.6
-31.3
1.1
4.6
♦
50.9
30.5
5-0
15-4
-
85.2
58.5
7.9
18.8
*
112.3
78. 1
11.5
22.7
-
90.7
60.0
9. 1
21.6
*
67.0
43.8
5-0
18.3
49.0
33.7
4.5
10.9
-
46.7
36.4
5.3
5.0
66.9
55.9
5.3
5.7
*
16
17
18
19
.3
1.4
1.8
5.0
4.5
-1.8
2.6
9.7
5.4
1. 1
3.9
29.9
14.8
2. 1
4.7
8.6
23.4
4.0
4.1
35.4
24.7
4.0
16.4
34.9
23.8
5.2
-6.2
33.6
28.4
4.6
6.2
46.4
24.9
2-0
20.5
12.9
26.7
5.7
-7.0
51.5
29.6
5-7
-1. 1
-3-0
20
21
22
23
24
25
68.5
57.6
2-1
7.4
-.3
1.7
49.4
26.1
3.0
15.5
—.3
5.1
77.5
63.4
-1.2
2.5
12.8
157-0
132.5
13.9
-2.1
*
12.8
182.9
132.3
18.8
22.7
-.1
9.2
210. 5
132.8
37.4
25.2
-. 1
15.2
173.5
119-0
21.8
27.4
-.1
5.4
172.3
138.7
3.0
23-9
-. 1
6.8
98.5
88.9
-21.2
13-0
-. 1
17.9
90.7
94.9
-26.2
8.9
-. 1
13.2
26
.5
-.6
-5
-.4
1-2
2-0
.7
.5
1.1
-.3
♦
BILLIONS OF DOLLARS.
III/85 BASED OM INCOMPLETE INFORMATION
1.5 Current surplus
132.8 Net acq. of financial assets
a
Deaand deposits and currency
Tine deposits
6.5
Security RP’s
-1.3
Corporate eguities
Credit aarket instruaents
O.S. Govt, securities
Tax-exeapt Obligations
Corporate bonds
Mortgages
Rone aortgages
Multi-faaily
Conaercial
Fara
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Consuaer install, credit
Consuaer noninstall.credit
Open-aarket paper
Miscellaneous assets
16
17
18
19
129.2 Met increase in liabilities
Deposits
70.0
Security RP’s
26.8
Cr. akt. instr. (svgs.+loan)
22.6
Profit taxes payable
-. 1
Hiscellaaeous liabilities
9.8
20
21
22
23
24
25
-2. 1 Discrepancy
26
DECBHBEB 6, 1985
Savings Institutions
Savings Institutions
Sector Statenents of Saving and Investaent
22
UNADJUSTED NET FLOWS(S HILL)
UNADJUSTED MET FLOWS($ HILL)
1
|
II
1984
III
IV
)
|
1985
II
I
1975
III
Savings and Loan Associations
1 Current surplus
2 Net acg. of financial assets
3
Hortgages
4
Consuaer credit
BILLIOHS OF DOLLARS
1976
1977
1978
1979
(1)
-230
-170
-65
-4
90
165
1.4
2.0
2.7
3.6
3.3
1
48,313
27,976
2,842
37,654
22,453
3,517
38,457
12,243
3,044
13,240
9,132
2,750
16,864
12,707
4,840
24,566
15,948
4,795
40.8
27.4
.8
52.0
42.7
1. 1
64.3
55. 1
1.5
63.5
50.8
.3
56.6
44.0
3.7
2
3
4
7
8
Other assets
Deaand deposits ♦ currency
Tine deposits
Fed. funds ♦ security BP*s
17,495
-89
-1,716
1,168
11,684
112
-3,685
1,284
23,170
760
2,308
2,856
1,358
3
1,872
-5,206
-683
685
-349
2,456
3,823
-20
-12
-564
12.6
.3
4.5
-1.0
8.2
.3
-1.4
1.2
7.7
-.2
.1
2.3
12.4
.1
.4
1.7
8.8
.5
-2.2
2.5
5
6
7
8
9
10
11
12
13
U.S. Treasury securities
U.S. Govt, agency secur.
Taz-exeapt Obligations
Open-narket paper
Hiscellaneous
-2,894
8,946
-98
2,439
9,739
3,582
3,951
-75
-1,988
8,503
2,759
-340
34
2,014
12,779
1,226
725
7
2,581
150
-6,038
-8,568
-35
-1,757
12,923
548
4,220
-3
-25
-321
.6
4-1
1.0
-9
2. 1
4.9
-7
-.3
-. 1
2.9
-1.0
4.9
*
-.3
1.8
*
4.6
.1
.4
5. 1
-2. 9
3.9
-. 1
-7
6.5
9
10
11
12
13
48,766
27,943
9,360
37,959
22,932
5,461
38,626
31,708
752
13,269
16,377
-5,291
16,970
13,480
-6,540
24,437
9,369
6,707
39.5
42.8
.1
49.7
50.2
-. 1
61- 1
50.9
1.9
59.6
44.2
2. 1
53-0 14
39. 1 15
.5 16
12.6
1.4
2.0
9.2
5
6
14 Net increase in liabilities
Deposits
15
16
Security RP‘s
17
18
19
20
Credit narket instruaents
Corporate bonds
Bank loans n.e.c.
Fed. hone loan bank loans
8,331
-276
356
8,251
8,110
179
785
7,146
5,274
1,365
2,293
1,616
623
118
435
70
4,56 6
363
-735
4,938
6,873
152
605
6,116
-4.2
.1
-.3
-4.0
-1.7
. 1
.2
-2.0
6.9
1-2
1.4
4.3
13-5
.7
.3
12.5
21
22
Profit taxes payable
Hiscellaneous liabilities
-14
3,146
-16
1,472
-25
917
-20
1,580
-17
5,481
-18
1,506
.1
.7
.2
1. 1
.2
1.2
.2
-.3
23 Discrepancy
24 Heao:
(1)
Acg.of credit akt.inst.
17
18
19
20
—.2 21
1. 1 22
223
135
104
25
196
36
*
-.2
-.5
-.2
-.3 23
39,211
31,440
19,754
16,421
1,149
25,483
34.8
49.0
60. 1
56. 1
49. 3 24
Includes nost Federal savings bants that are insured by FSLIC.
A fev of then are included with nutual savings banks.
Hutual Savings Banks (2)
1 Current surplus
2 Net acg. of financial assets
3
Deaand deposits and currency
4
Tine deposits
5
Fed. funds and security BP’s
235
221
191
217
186
198
.4
.4
.7
.9
-7
1
1,686
668
-256
-604
2,581
-58
-599
238
2,383
364
-214
49
6,740
219
-300
-217
1,639
84
-6
931
3,353
-63
37
123
11.5
.1
.1
-. 1
13.8
12.5
. 4
.6
10.9
1.0
.3
*
5.2
-.3
-.3
.9
2
3
4
5
♦
-
♦
♦
6
7
8
9
10
11
Corporate eguities
Credit narket instrunents
U.S. Treasury securities
U.S. Govt, agency secur.
Tax-exeapt Obligations
Corporate bonds
-26
2,787
-74
-444
-30
-848
-77
3,200
-283
51
15
-48
-163
1,912
-132
630
25
-336
101
5,860
315
657
15
344
140
201
-666
-887
1
-287
-39
3,636
-196
1,011
14
-474
.2
10.7
2.2
1-7
.6
3.5
. 1
12.8
1. 1
2.9
-9
2.8
.4
11. 1
.1
2.6
.4
1.2
.1
8.7
-.9
1.7
.5
. 1
12
13
14
15
Hortgages
Consuner credit
Connercial paper
Hiscellaneous assets
2,352
279
1,552
-883
2,366
686
413
-123
1,353
696
-324
435
1,470
601
2,458
1,077
1,570
531
-61
28 9
2,931
616
-266
-341
2.3
.2
.1
.6
4.4
.3
.4
.4
6.5
.5
*
.3
6.4
.7
.2
.8
1,655
-1,074
2,729
2,497
2,363
134
2,371
3,179
-808
6,520
4,638
1,882
1,120
924
196
2,710
1,587
1,123
11.0
11-2
-.1
13- 1
13.0
. 1
11.5
11- 1
.4
10.0
8.6
1.4
4.6 16
3- 4 17
1.2 18
204
137
179
-3
-333
-445
-. 1
-.2
-.3
-. 1
* 19
16 Net increase in liabilities
17
Deposits
18
Hiscellaneous liabilities
19 Discrepancy
6
-. 1
4-4 7
-.2 8
1.3 9
-.4 10
-1. 1 11
3.6
.1
1. 1
.5
12
13
14
15
(2) Includes Federal savings banks insured by FDIC and a fev insured
by FSLIC.
Credit Unions
104
77
65
46
29
12
-3
.4
.5
.6
.3
1
2 Net acg. of financial assets
3
Denand deposits and currency
4
Tine deposits
5
Savings and loan deposits
4,464
16
32
668
832
16
37
-1,905
1,441
15
42
-1,047
5,525
15
48
1,360
7,296
14
53
2,717
2,712
14
59
-2,624
5.8
]
-5
*
6.4
-. 1
-.2
- 1
8.2
-1
.1
-8
6.9
.1
*
-.5
4.8
.2
*
1.8
2
3
4
5
Credit aarket instrunents
U.S. Governaent securities
Hoae nortgages
Consuner credit
3,748
-382
129
4,001
2,684
-1,361
130
3,915
2,431
-1,749
130
4,050
4,102
1,397
131
2,574
4,512
1,345
131
3,036
5,263
566
132
4,565
5.4
1. 1
.5
3.8
6.6
.6
.5
5. 5
7.2
-5
-3
6.4
7-3
.1
.6
6.7
2-8
*
.6
2.2
6
7
8
9
4,360
755
1,376
5,479
7,267
2,700
5.5
6.0
7.7
6.4
4.4 10
1 Current surplus
6
7
8
9
10 Credit union shares
III/85 BASED ON INCOHPLETE INFOBHATION
DECEMBER 6, 1985
Savings Institutions
Savings Institutions
Sector Statenents of Saving and Investnent
23
SEASONALLI ADJUSTBD ANNUAL RATES
1980
1981
1982
SEASOMALLI ADJUSTED ANNUAL RATES
1983
1984
1
J
1984
III
II
Savings and Loan Associations
IV
|
1
I
1985
II
III
(1)
1
1.4
-5.2
-3.2
-1.2
-.8
-.9
-.7
-.3
2
3
4
52.6
28.3
2.6
35.8
17.7
-7
56.9
-23.6
4.2
122.6
47-1
8.9
159.3
77.5
10.2
184.9
102. 1
11.6
154.0
81.0
13.6
153.2
61.3
12-8
59.5
42.4
10.5
56.7
39.8
19.6
5
6
7
8
21.7
.5
2.5
-.7
17.4
1.0
-.7
4.2
76.3
1.9
7.2
.4
66.6
3.4
1.2
5.9
71.7
1.8
-5.5
7.9
71- 1
.7
-8.7
4.7
59.3
.3
-7.9
5.1
79. 1
4.3
4.8
11.4
6.6
-2.2
7.4
-20.8
-2.7
3.8
-3.3
9.8
28.5
-. 1
7.2
-2.3
Other assets
Deaand deposits ♦ currency
Tine deposits
Fed. funds * security RP’s
5
6
7
8
9
10
11
12
13
5.7
8.1
*
1-5
4.1
-3.5
6.6
.1
1-2
8.5
7.5
29.8
-.5
2.7
27.3
15.7
29.8
.1
3.7
6.8
10.2
19-8
-.2
2.4
35.3
-9.0
35.8
-.4
10. 1
38.0
20.2
15.8
-.3
-8.1
34.2
7.3
-1.4
. 1
7.5
44.9
-.5
2.9
V
11.0
8.7
-21.5
-34.3
-.1
-6.8
49-7
8.5
16.9
•
-.2
-1.5
U.S. Treasury securities
U.S. Govt, agency secur.
Tax-exeapt Obligations
Open-aarket paper
Hiscellaneous
9
10
11
12
13
14
15
16
51.9
41.8
2.1
40.8
20.0
3.0
61.2
46.8
-1.2
123.9
101.8
13.9
160.6
112.4
18.8
186.4
118.3
37.4
155.3
99.3
21.8
153.9
120- 1
3.0
59.9
58.3
-21.2
56.8
60.0
-26.2
17
18
19
20
7.4
.4
-.1
7.1
15.5
-.5
-.2
16.2
2.5
.2
1.5
.8
-2. 1
•
5.0
-7.0
22.7
1-2
5.8
15.7
25.2
-1. 1
1.7
24.5
27.4
.7
2.1
24.5
23-9
5.5
12.0
6.4
13.0
-5
-1.0
13-5
8.9
1-5
-2.5
9.9
22.6
.6
1.9
20. 1
21
22
-.3
.9
-.3
2.6
V
13. 1
*
10.4
-. 1
6.8
-. 1
5.5
-. 1
6.8
-. 1
7.0
-. 1
9.9
-. 1
14.1
-. 1
7. 1
.4
23
.7
-.3
1.2
-1
.5
.6
.6
.4
.4
.5
24
46.2
22.8
20.2
105.4
119.8
150. 3
122.3
87.7
66.4
-3.4
(1)
.7 Current surplus
102.2 Met acg. of financial assets
Hortgages
55.0
18.6
Consuner credit
101.7 Met increase in liabilities
Deposits
45.2
Security RP’s
26.8
1
2
3
4
14
15
16
Credit narket instruaents
Corporate bonds
Bank loans n.e.c.
Fed. hoae loan bank loans
17
18
19
20
Profit taxes payable
Miscellaneous liabilities
21
22
.2 Discrepancy
98.8 Meno:
23
Acg.of credit nkt.inst. 24
Includes nost Federal savings bants that are insured by FSLIC.
A feu of then are included with autual savings banks.
Mutual Savings Banks (2)
1
-.4
-1.8
-1.3
.6
-8
.9
.9
.9
.7
9-7
-.3
-.9
2-7
22.8
2.6
-1.2
-5.1
9.8
.1
♦
5. 1
.8
.8 Current surplus
14.4 Met acg. of financial assets
*
Deaand deposits and currency
Tine deposits
.1
Fed. funds and security RP’s
.9
1
2
3
4
5
2
3
4
5
8.2
1.1
*
.6
4.2
1.2
-. 1
1-5
4.4
-1
1.4
*
19.3
-.7
V
-.6
10.3
.1
-1.4
1.3
9.6
2.5
-1.0
-1.3
11.4
.1
-2.4
1.4
6
7
8
9
10
11
-.5
5.9
-8
2.5
-.5
.7
-.6
.9
-.2
1.2
-.1
-1.0
-.5
.7
-7
1.2
.2
-1. 1
.3
18.5
3.8
6.0
-.3
3.0
-.2
10.4
-.2
.5
-.1
-1.5
-. 1
12.6
.5
-1.5
-. 1
-3.4
-.3
13.2
-.5
.1
.1
-.2
-.7
7.3
-. 1
2.0
.1
-1.3
.4
21.9
-.7
3-1
.1
1.4
.6
2.4
-1.7
-3.1
V
-1.1
-.2
14.9
-. 1
3.9
.1
-1.9
Corporate eguities
Credit aarket instruaents
O.S. Treasury securities
U.S. Govt, agency secur.
Tax-exeapt Obligations
Corporate bonds
6
7
8
9
10
11
12
13
14
15
.6
1.6
.3
1.0
-.4
.2
1.3
1.2
-2.5
1.0
1-2
2. 6
3.3
1.8
1-0
1.8
7.2
2.8
1.7
.1
9.6
1. 1
6.3
-3. 1
9.1
2.7
1.9
-.6
5.2
2-8
-1.3
1.5
6.1
2.4
9.5
4.2
6.5
2.1
-.2
1.8
11.3
2.5
-.8
-1.5
Mortgages
Consuaer credit
Coaaercial paper
Miscellaneous assets
12
13
14
15
16
17
18
8-3
7.5
.8
5.5
3.0
2.6
5.0
5.3
-.3
18.2
15.8
2.4
10.2
7.8
2.4
10.0
.3
9.7
10.6
12.0
-1.4
9.0
9.2
-.1
22.6
14.6
8.0
8.4
9.3
-.9
11.3 Met increase in liabilities
8. 6
Deposits
Miscellaneous liabilities
2.7
16
17
18
19
-.2
-.4
-.7
-.5
.7
1.3
.1
.1
.7
-.7
-2.3 Discrepancy
19
(2)
Includes Federal savings banks insured by FDIC and a feu insured
by FSLIC.
Credit Unions
1
1
.2
.6
-5
.6
.4
.4
.3
.3
.2
.1
2
3
4
5
8.5
.1
2.1
3.9
3.7
.1
-.7
.6
11.8
-1
1. 1
15.5
-1
*
-1.3
12.5
.1
.1
-.6
14.6
.1
. 1
-.6
7.9
.1
.1
.1
9.6
.1
.2
-1.6
16.2
-1
.2
-4.2
25.7
.1
.2
8.8
16.3 Met acg. of financial assets
Deaand deposits and currency
.1
-2
Tiae deposits
-1. 1
Savings and loan deposits
2
3
4
5
6
7
8
9
2-4
4.3
.5
-2.5
3.7
1.2
.5
1.9
10.6
8.8
.5
1.3
16.7
10.0
.5
6.2
12.8
-2.1
-5
14.4
15.0
-1.5
.5
16.0
7.7
-5.4
.5
12.6
11.0
-7.0
.5
17.5
20.2
5.6
.5
14.0
16.6
5.4
.5
10.7
17- 1
2-3
.5
14.3
Credit aarket instruaents
U.S. Governaent securities
Hoae Bortgages
Consuaer credit
6
7
8
9
10
8.3
3.1
11.2
14.9
12.1
14.2
7.6
9.3
16.0
25.6
16.2 Credit union shares
BILLIONS OF DCLLARS.
I11/85 BASED ON INCOMPLETE INFORMATION
* Current surplus
10
DBCEHBBB 6, 1985
Insurance and Pension Funds
Insurance and Pension Funds
24
Sector Stateaents of Saving and Investaent
UNADJOSTED MET FLOSS{$ MILL)
OMADJOSTED MET FLOSS(> MILL)
)
1
II
1984
III
IV
1
|
I
1985
II
1975
III
BILLIONS OF DOLLASS
1978
1976
1977
1979
Life Insurance Coapanies
1,860
1,342
1,861
1,489
1,836
1,931
1,822
1,447
1,805
2,003
1,787
1,580
2.5
2.3
2-8
2-0
3.6
1.9
4.3
2.2
4.9
3.0
1
2
3 Het acg. of financial assets
4
Deaand deposits and currency
14,428
14
17,556
-104
17,958
1,936
15,395
-2,024
18,966
296
17,305
-103
20.4
-- 1
28.2
-1
31.2
-1
35.6
.2
37.5
-3
3
4
Corporate equities
Credit aarket instruaents
O.S. Governaent securities
Treasury issues
Agency issues
-167
13,514
3,370
772
2,598
486
16,051
6,147
3,282
2,865
-3
14,685
9,726
6,237
3,489
1,619
14,136
4,081
2,298
1,783
1,437
16,189
4,952
2,758
2,194
900
15,615
5,143
2,490
2,653
1.9
16.9
1.7
1.4
-4
3.0
23.7
1.5
-6
-9
1-2
27.5
1.6
-. 1
1.7
-. 1
33. 1
2-0
-.5
2.5
.6
33.0
2.9
-1
2.8
5
6
7
8
9
-46
6,377
2,400
1,636
-223
1,067
8
5,762
1,957
1,721
456
1,123
536
5,401
1,481
-2,496
37
1,340
-855
6,382
1,463
3,132
-67
1,664
142
7,685
3,323
20 5
-118
1,044
156
5,729
3,200
1,407
-20
893
.8
9-1
2.9
-7
1.6
1-7
1. 1
16.9
2.4
.4
1.4
1.5
.5
18.8
5.2
-.3
1.7
2-5
.4
17.3
9.3
1.5
2.6
2.4
*
11. 6
12.3
1. 6
4.7
3.5
10
11
12
13
14
15
14,335
1,069
9,247
-36
4,055
17,867
1,056
12,825
-45
4,031
18,546
1,416
13,816
-66
3,380
15,455
1,479
11,967
-60
2,069
18,523
1,997
14, 177
-62
2,411
17,894
1,833
13,454
-71
2,678
19.8
7.9
8.7
-. 1
3.3
27.6
8.6
15-0
. 1
3-9
31. 1
9.3
16.8
.4
4.6
35. 1
10.9
19. 1
-3
4.8
35. 1 16
10. 4 17
19. 4 18
* 19
5.3 20
425
683
493
43S
-641
796
-.4
.2
1.5
1.7
-.4 21
1 Current surplus
2 Physical investaent
5
6
7
8
9
10
11
12
13
14
15
Tax-exeapt Obligations
Corporate bonds
Hortgages
Open-aarket paper
Policy loans
Hiscellaneous assets
16 Met increase in liabilities
17
Life insurance reserves
18
Pension fund reserves
19
Profit taxes payable
20
Miscellaneous liabilities
21 Discrepancy
Private Pension Funds
1 Met acg. of financial assets
2
Deaand deposits and currency
3
Tiae deposits
4
5
6
7
8
9
10
11
12
Corporate equities
Credit aarket instruaents
O.S. Governaent securities
Treasury issues
Agency issues
Corporate bonds
Hortgages
Open-aarket paper
Miscellaneous assets
7,575
652
3,922
2,780
-493
-4,421
8,807
-59
-278
7,692
-76
-444
8,504
83
555
13,775
316
1,924
23-1
-2
-2-2
18.9
-2
1.3
23. 1
.1
1.8
28.7
.2
3.6
40.9
.5
2. 8
1
2
3
-4,800
7,801
3,255
2,063
1,192
700
6,994
6,039
4,744
1,295
2,600
6,544
6,615
4,898
1,717
3,915
4,297
4,491
4,532
-41
311
7,555
5,721
4,293
1,428
1,914
9,621
7,376
6,086
1,290
6-7
18.4
12.5
9-5
3. 1
7.7
9.7
7.3
6.8
.6
4.9
16.2
6.7
5-9
.8
2. 1
22.8
4.9
2-9
2.0
9.3
28. 3
11.6
6.6
5.0
4
5
6
7
8
1,330
-133
3,349
3,379
121
-2,545
36
23
-130
629
120
-943
600
120
1,114
800
1,445
4.4
*
1.5
.7
*
1.7
3.6
. 1
5.8
10.3
.2
7.3
■
■
12.8 9
.4 10
3.5 11
12
State and Local. Governaent Eaployee Betireaent Funds
1 Net acq. of financial assets
Deaand deposits and currency
2
8,271
1,156
12,317
894
11,719
-1,094
6,502
3,445
14,175
3,818
12,226
2,754
11.3
— .4
12.9
*
15.9
.3
20.7
1.0
16.2
1. 3
1
2
3
4
5
6
7
-253
7,368
2,965
2,964
1
3,240
8,183
5,503
4,996
507
3,862
8,951
6,565
2,983
3,582
6,179
-3,122
4,737
2,870
1,867
-4,082
14,439
2,842
629
2,213
2,803
6,669
2,777
1,024
1,753
2-4
9.3
1.6
1.0
.7
3. 1
9.8
3- 1
1.5
1.6
3.7
11.9
5.5
2.7
2-7
2-6
17.0
7. 1
2.7
4.4
4. 1
10.8
6. 6
5-3
1.4
3
4
5
6
7
113
4,081
209
-210
2,857
33
-469
2,560
295
213
-8,130
58
-181
11,728
50
33
3,809
50
1.0
6-8
-.2
1-4
5. 1
.2
.2
6.0
.3
.4
9.0
-5
8
9
10
Corporate equities
Credit aarket instruaents
U.S. Governaent securities
Treasury issues
Agency issues
Tax-exeapt Obligations
Corporate bonds
Mortgages
* 8
3.2 9
1.0 10
Other Insurance Coapanies
339
355
362
366
377
381
-.7
-9
4.6
4-6
4. 3
1
2 Net acq. of financial assets
3
Deaand deposits and currency
4
Security rps
3,966
186
2,022
3.789
167
487
3,564
60
301
4,042
15
776
3,645
-71
495
4,608
-133
800
7-3
.1
14. 9
.2
20-2
.3
20.4
.4
18.8
.3
2
3
4
Corporate equities
Credit aarket instruaents
U.S. Governaent securities
Treasury issues
Agency issues
-1,449
2,026
1,637
844
793
-1,267
3.215
2,694
1,802
892
-275
2,459
2,027
1,273
754
-2
2,369
1,633
1,083
550
52
2,383
1,391
697
694
622
2,685
1,530
1,059
471
-.7
7-3
2.5
1-9
.6
.9
12.5
3. 1
2.6
.6
1.2
17.5
3.0
2-5
.5
2.0
16.5
1.2
.7
.5
3.2
13.4
1. 3
.2
1. 1
5
6
7
8
9
-553
866
76
1,181
-420
881
60
1.187
-366
748
50
1,019
101
606
29
884
480
49 4
18
786
803
352
634
2.6
2.2
.1
.6
5.4
3-9
. 1
1-2
10-7
3.7
.1
1.3
13.5
1.8
*
1-5
9. 9
2.0
.3
1.9
10
11
12
13
4,167
683
-9
3,493
4,107
761
-11
3,357
3,985
707
-17
3,295
4,113
781
-13
3,345
4,412
795
-13
3,630
4,424
829
-14
3,609
7.2
1.0
*
6.2
11.3
.9
. 1
10.3
14. 1
1.4
.1
12.6
15.0
.8
.1
14. 1
15.6
.9
*
14. 7
14
15
16
17
540
673
783
437
1,144
197
—.9
-2.8
-1.5
-.7
1 Current surplus
5
6
7
8
9
10
11
12
13
Tax-exeapt Obligations
Corporate bonds
Coaaercial aortgages
Trade credit
14 Net increase in liabilities
15
Corporate equity issues
16
Profit taxes payable
17
Policy payables
18 Discrepancy
III/85 BASED ON INCOMPLETE IMFOEMATIOH
1. 1 18
DECEMBEB 6, 1985
Insurance and Pension Funds
Insurance and Pension Funds
Sector Statenents of Saving and Investnent
25
SEASONALLY ADJUSTED ABHUAL BATES
1980
1981
1982
SEASONALLY ADJUSTED ABBUAL BATES
1983
1934
t
1
II
1984
III
IV
|
1
1985
II
I
III
Life Insurance Conpanies
1
2
6.3
3-9
6.3
5.3
6.3
4.6
7.4
4.0
7.5
6.2
7.4
5.4
7.4
6.0
7.3
7.7
7-3
5-8
7.2
3
4
37.8
.5
45.9
1-1
55.4
-3
59.1
-.6
64.1
-7
58.1
-1.0
71.6
-.3
71.8
2.8
59.8
-2.3
76.5
-2
71. 1 Het acg. of financial assets
-.2
Denand deposits aad cnrrency
3
4
5
6
7
8
9
-5
33.2
2-7
1.0
1.8
2.9
34.7
5.5
2.3
3.1
3.4
43.5
12.7
8.4
4-3
3. 1
50.6
19.3
12. 1
7.2
-7
57.9
23.6
12.6
11.0
-.7
55.6
17.9
7.5
10.4
1.9
65-4
26.4
15.0
11.5
•
63.6
34.0
20.1
14.0
6.5
48.9
15.3
8.2
7-1
5.7
66.3
25.0
16.2
8.8
3.6
64. 1
22.5
11.8
10.6
Corporate eguities
Credit aarket instrunents
U.s. Governnent securities
Treasury issues
Agency issues
5
6
7
8
9
10
11
12
13
14
15
.3
8.7
12.7
2-2
6.6
3.6
.5
7.3
6.7
7.4
7-3
7.3
1.9
16.2
4.2
4.2
4.3
8.1
.9
16.7
9.0
3.4
1. 1
6. 1
-.2
23.7
6.3
4.1
.4
4.8
-.6
21.7
10.0
7-4
-.9
4.3
-3
25.4
8.4
3.1
1-8
4.5
1.5
25.5
3.3
-.9
.1
5.4
-2.4
23-0
7-7
5.5
-.3
6.7
.1
26.7
13.5
1.6
-.5
4.2
1.0
25.4
13.4
2.0
-.1
3.6
Tax-exeapt Obligations
Corporate bonds
Hortgages
Open-narket paper
Policy loans
Hiscellaneous assets
16
17
18
19
20
35.5
9.7
22.3
-.4
3.8
46.1
8.9
29.5
-.5
8.2
53.7
7.0
39.7
*
7.0
57.2
7.8
40.2
-. 1
9.2
64.8
5.0
45.2
-.2
14.8
57.3
4.3
37.0
-.2
16.2
71.5
4.2
51.3
-.2
16. 1
74.2
5.7
55.3
-.2
13.5
61.8
5.9
47.9
-.3
8.3
74.1
8.0
56-7
-.3
9.7
71.6 Het increase in liabilities
Life insurance reserves
7.3
53.8
Pension fund reserves
Profit taxes payable
-.3
10.7
Hiscellaneous liabilities
21
.1
1.2
*
1.4
2.0
1.3
1.4
2.0
3.5
-3.2
8.0
7.1 Current surplus
6.3 Physical investnent
1.3 Discrepancy
1
2
10
11
12
13
14
15
16
17
18
19
20
21
Private Pension Funds
1
2
3
48.7
.1
.4
37.9
-2
1.2
54.2
-.2
-1.3
46.2
.6
4.4
26.0
.7
3-0
36.6
2.6
15.7
4.3
-2.0
-17.7
27-8
-.2
-1.1
42-0
-.3
-1.8
42.2
.3
2.2
45-9 Het acg. of financial assets
Deaand deposits and currency
1.3
Tine deposits
7.7
1
2
3
4
5
6
7
8
17.7
30.6
19.5
13.0
6.5
5.4
31.1
26.2
15.9
10.3
20. 1
35.6
35.7
25.4
10.3
15.3
25.9
15.5
10.2
5.3
-2-6
24.9
18.7
12.0
6.7
-14.3
32.6
14. 4
9.3
5. 1
.4
23.6
19.9
15.3
4.6
3.1
26.0
26.3
19.5
6.8
22.0
22.0
22.8
22.1
.7
8.0
31.7
24.3
18.3
6.0
3.7
33.2
24.3
19.8
4.5
Corporate eguities
Credit narket instruaents
U.S. Governnent securities
Treasury issues
Agency issues
4
5
6
7
8
9
10
11
12
10.7
-4
-.1
-
3.4
.3
1.3
-
1.1
-3
-1.5
-
5.8
.1
4.5
-
2.2
.3
3-7
-
5.3
-.5
13.4
-
13.5
-4
-10.2
-
.1
.1
-.5
-
2-5
-5
-3-8
-
2.4
.5
4.5
-
3-2
-. 1
5.8
-
Corporate bonds
Hortgages
Open-narket paper
Hiscellaneous assets
9
10
11
12
48.9 Het acg. of financial assets
Denand deposits and currency
11.0
1
2
Corporate eguities
credit aarket instrunents
U.S. Governaent securities
Treasury issues
Agency issues
3
4
5
6
7
State and Local Governnent Eaployee Betireaent Funds
1
2
26.5
.3
31-8
.2
34.5
2.5
35.8
3.2
40.6
2.5
33. 1
4.6
49.3
3.6
46.9
-4.4
26.0
13.8
56.7
15.3
3
4
5
6
7
5.3
20.9
9.9
6.2
3.7
9. 1
22.5
11.8
6.6
5.2
8.6
23.4
19.4
9.3
10. 1
16.5
16.0
17.0
12.0
4.9
7.0
31.2
21.6
16.6
5.0
-1.0
29.5
11.9
11.9
V
13.0
32.7
22.0
20.0
2.0
15.4
35.8
26.3
11.9
14.3
24.7
12.5
18.9
11.5
7.5
-16.3
57.8
11.4
2.5
8.9
11.2
26.7
11. 1
4. 1
7.0
8
9
10
.1
9.5
1.3
-.2
9-2
1.6
-.7
3.5
1.3
-1. 1
-.7
.9
-.4
9-3
.6
.5
16.3
-8
-.8
11.4
.1
-1.9
10.2
1-2
.9
-32.5
-2
-.7
46.9
.2
-1
15.2
.2
Tax-exeapt Obligations
Corporate bonds
Hortgages
8
9
10
Other Insurance Conpanies
1
5-8
3.5
2. 1
1.8
1.4
1.4
1.4
1.4
1.5
1-5
2
3
4
15-0
.1
14.2
.1
.1
13.8
*
15.0
—.4
9.6
14.8
.5
4.2
17.9
.7
8. 1
13.8
-7
1.9
14.6
.2
1-2
15.1
.1
3.1
16.6
-.3
2.0
5
6
7
8
9
3.1
9.9
1.8
1.6
.2
2.0
9.4
2.2
1.4
.8
2.7
5.0
2.2
-3.3
9. 1
8.1
4.9
3.2
-5.8
10. 1
8.6
5.4
3.2
-5.1
11.5
9.4
5.8
3.6
-1. 1
10.2
8.5
5.5
3-0
♦
1.5
2. 1
1.7
5.5
3.3
2.2
8.4
5.5
3.3
2-2
.2
11.6
7.6
4.8
2.8
2.5
9.3
4.7
2.8
1.9
Corporate eguities
Credit narket instruaents
U.S. Governnent securities
Treasury issues
Agency issues
10
11
12
13
7.7
*
.3
2.0
4.0
2.8
.4
2.6
3.0
-.5
.3
2. 1
-.3
-4.2
.7
2.0
-1.9
2.6
.3
4.3
-2.2
3.5
.3
4.7
-1.7
3.5
.2
4.7
-1.5
3.0
.2
4. 1
-4
2.4
.1
3-5
1.9
2.0
.1
3.1
3.2
1.4
2.5
Tax-exenpt Obligations
Corporate bonds
Connercial aortgages
Trade credit
14
15
16
17
13-4
1.2
-.2
12.4
1 1.8
1.1
-.2
10.8
13.4
2.8
*
10.6
13.5
1.5
*
12.0
16.2
2.8
V
13.4
16.7
2.7
♦
14.0
16.4
3-0
*
13.4
15.9
2.8
-. 1
13.2
16.4
3.1
-.1
13.4
17.6
3.2
-.1
14.5
18
4.2
1.0
1.6
-4
2.8
- J
4.1
2.8
2-8
2.5
BILLIOHS OF DOLLABS.
4.0
.6
III/85 BASED OH IHCOHPLETE IHFOBHATIOH
1.5 Current surplus
17.0 Het acg. of financial assets
Deaand deposits and currency
-.5
Security rps
3.2
17.7 Het increase in liabilities
Corporate eguity issues
3.3
Profit taxes payable
-.1
14.4
Policy payables
2.2 Discrepancy
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
DECEMBER 6, 1985
Finance N.E.C-
Finance N.E.C.
26
Sector Stateaents of Saving and Investaent
UNADJUSTED NET FLOWS ($ MILL)
UNADJUSTED NET FLOWS{$ HILL)
J
II
1 Current surplus of group
-1,142
1984
III
-899
1
1
IV
-1,538
1985
II
I
- 1,035
138
III
1975
151
BILLIONS OF DOLLARS
1976
1977
1978
1979
-1.3
-.8
-2.2
-.9
-2.5
1
1
2
3
4
5
6
Finance Conpanies
1 Net acg. of financial assets
Deaand deposits and currency
2
Credit aarket instruaents
3
4
Hortgages
5
Consuaer credit
6
Other loans (to business)
7 Net increase in liabilities
8
Credit narket instruaents
Corporate bonds
9
Bank loans n.e.c.
10
11
Open-aarket paper
12
13
14
Profit taxes payable
Inv. by parent coapanies
Other aisc. liabilities
10,456
18
10,438
2,328
4, 164
3,946
3,548
17
3,531
-1,365
4,795
101
14,847
16
14,831
-140
4,275
10,696
7,511
15
7,496
450
137
6,909
10,723
14
10,709
1,116
7,111
2,482
8,164
13
8,151
1,300
10,377
-3,526
2-9
.2
2.6
-1.3
.2
3.7
11.9
-2
11.7
-.4
3.4
8.6
22.7
.2
22.5
1-2
7.8
13.5
26.3
.2
26.1
3.0
11.6
11.5
30.0
.2
29.8
3.5
16.2
10. 1
5,689
-1,928
-595
317
-1,650
6,021
9,350
4,175
-590
5,765
13,715
7,290
3,354
-740
4,676
8,983
8,458
1,140
-1,757
9,075
12,418
14,254
7,295
1,992
4,967
10,068
12,533
722
239
11,572
5.1
.5
2.7
-2.8
.6
12.7
4.3
3. 1
-2. 1
3.3
23-6
16.9
7.8
-7
8.4
22.1
16.7
6.4
2.5
7.8
25.3 7
15.3 8
4.3 9
-2.3 10
13.3 11
2
4,954
2,661
3
-3,832
500
1
4,725
1,699
6
58
461
7
-173
-1,670
7
-1,122
-1,350
3.4
1.2
6.4
2. 1
-1
-.5
7. 1
-1
2.7
2.6
-. 1 12
5.5 13
4.6 14
Real Estate Investaent Trusts
53
59
44
33
27
14
3.0
1.6
.2
-.3
-. 1
1
431
222
209
417
221
196
258
222
36
249
221
28
273
221
52
286
148
138
-3.6
-4.8
1-2
-4. 1
-3.8
-.3
-3.2
-2-4
-.8
-.3
-1. 1
.8
♦
2
3
4
5 Net increase in liabilities
6
Corporate eguity issues
7
Credit aarket instruaents
8
Mortgages
Corporate bonds
9
10
Bank loans n.e.c.
Open-aarket paper
11
534
374
116
-22
-25
107
56
537
408
85
-23
-25
76
57
363
363
-46
-16
-25
-64
59
349
337
14
-5
-28
35
12
369
321
48
-1
-10
39
20
372
285
122
9
-14
142
-15
*
-1. 1
-. 1
.4
-.6
.1
-2.0
-.3
-1.9
.4
-.2
-1.9
-.3
-2.4
.6
-2.5
*
-. 1
-2.4
*
-.2
.4
-.4
.2
-.2
-.5
.1
.2 5
.5 6
-. 1 7
* 8
* 9
-.2 10
. 1 11
Hiscellaneous liabilities
44
44
46
-2
-
-35
1.3
.2
-.5
-. 1
-.2 12
1 Physical investaent
2 Net acg. of financial assets
3
Mortgages
4
Miscellaneous assets
12
-1.0
.9
Open-End Investaent Coapanies (Mutuai Funds)
-795
-588
-1,205
-978
-51
-52
-.1
-.1
-.7
-.8
-.9
1
2 Net acg. of financial assets
3
Deaand deposits and currency
5,483
8
8,086
223
7,879
114
22,213
304
22,86 4
44 2
23,182
263
-.4
.1
-2.5
.1
.2
V
-.9
*
-.8
. 1
2
3
4
5
6
7
8
9
797
4,678
1,393
1,251
1, 105
929
2,252
5,611
2,045
2,363
-204
1,407
423
7,342
1,524
3,614
3,765
-1,561
3,737
18,172
9,374
13,268
-3,009
-1,461
2,522
19,900
7,587
6,026
5,731
556
774
22,145
4,408
5,191
9,787
2,759
-.9
-5
»
.7
—.2
-2.4
-.2
V
.5
.3
-1.1
-3.7
3-9
-2
1.6
1. 1
1. 1
-1.6
.8
-.2
.5
-.7
1.1
-2. 8
1.9
*
1. 4
.8
-.2
4
5
6
7
8
9
6,278
8,674
9,084
23,191
22,915
23,234
-. 3
-2.4
.9
-. 1
1.3
*
-5
-1
*
*
-.7
*
-2
*
.3
- 1
*
6.9
V
2.7
.1
.5
34. 4
*
7. 5
2. 1
4.6
1
2
3
4
5
6
7
8
9
1 Current surplus
Corporate eguities
Credit aarket instruaents
U.S. Governaent securities
Tax-exeapt Obligations
corporate bonds
Open-aarket paper
10 Net share issues
. 1 10
floney Market Mutual Funds
1 Net acg. of financial assets
2
Deaand deposits and currency
3
Tine deposits
4
Security RP's
5
Foreign deposits
3,854
279
3,757
-413
-803
5, 129
-330
-4,718
3,342
680
26,972
-627
4,002
2,220
-2,451
-3,024
-1,133
-2,320
521
-256
5,108
2,022
-1,505
-5,314
-2,361
-5,292
-1,267
-1,219
3,273
404
Credit aarket instruaents
U.S. Governaent securities
Open-aarket paper
Hiscellaneous
957
-3,583
4,540
77
6.019
170
5,849
136
22,912
10,678
12,234
916
-82
1,362
-1,444
246
12,534
718
1 1,816
-268
-7,109
209
-7,318
626
.7
.b
.8
-. 1
*
.2
.4
*
-. 1
-.3
.1
-. 1
3.2
.6
2.6
-5
19-8
4.2
15.6
.4
3,854
5,129
2o,972
-3,024
5,108
-5,292
1.3
*
.2
6-9
34. 4 10
6
7
8
9
10 Net share issues
Security Brokers and Dealers
1 Net acg. of financial assets
2
Deaand deposits and currency
-1,034
78
965
111
7,058
72
-3,407
54
7,252
52
-3,201
24
3-2
V
8.4
-2
.9
*
.2
.2
1. 2
.9
1
2
Corporate eguities
Credit aarket instruaents
U.S. Governaent securities
Tax-exeapt Obligations
Corporate bonds
Security credit
1,133
-1,138
-2,070
-200
1,132
-1,107
544
1,619
675
400
544
-1,309
1,461
6,143
4,382
300
1,461
-618
-1,720
-2,727
-607
-400
-1,720
986
1,324
3,248
1,325
60 0
1,323
2,628
-1,025
-2,291
-1,267
-1,024
91
1.2
-. 1
-.1
1-2
1.0
-5
3. 1
2. 4
.3
.5
4. b
.2
-.3
-.7
-2
.2
1.0
-. 4
-1.3
—.8
-.2
-.4
1.6
-1.5
.6
1.9
.2
-1.5
1. 1
3
4
5
6
7
8
-1,237
-1,258
-1,019
-239
715
695
1,006
-311
6,830
6,782
6,936
-154
-3,666
-3,677
-3,639
-38
6,996
7,008
6,980
28
-3,472
-3,478
-3,644
166
2.9
2-9
2.2
.6
8-0
7.9
6.5
1-5
-8
.9
1.9
-1.0
*
-2.4
2-5
1.2 9
1. 1 10
-. 8 11
1. 8 12
21
20
48
11
-12
6
*
. 1
-. 1
♦
. 1 13
3
4
5
6
7
8
9 Net increase in liabilities
Security credit
10
11
Froa banks
12
Custoaer credit balances
13
Profit taxes payable
III/85 BASED ON INCOMPLETE INFORMATION
1.0
♦
DBCEHBEB 6, 1985
Fia ance N. E- C.
Finance N.E.C.
Sector stateaents o£ Saving aad Investaent
27
SBASONALLI ADJOSTED ANNOAL BATES
SEASOBALLI ADJOSTED ANNOAL BATES
1
1980
1981
1982
1983
1984
-4.2
-3.8
-4.3
-5.3
-7.1
1
1
II
-6.4
1984
III
|
|
IT
1985
II
I
III
-5.4
-5. 1
-1.3
-1-4
-1.4 Current surplus of group
1
1
2
3
4
5
6
Finance Coapanies
1
2
3
4
5
6
13-6
.1
13.5
-.6
8.3
5.8
21-0
-1
20-9
.2
10.7
10.0
8.0
-1
7.9
2.2
7
8
9
10
11
6.6
-1.1
.1
-.7
-.5
26.0
18-2
3.6
.7
13.9
12
13
14
—.2
4.4
3.5
-.2
7.9
*
1. 1
25.3
.1
25.2
-9
12.3
12.1
35.3
.1
35.2
2. 1
11.3
21.8
36.7
.1
36.6
6.9
14.6
15. 1
26.5
-1
26.4
-4.6
19.0
12.Q
41.7
.1
41.6
1.3
6-4
33.9
41.8
.1
41.8
1.4
16.0
24.4
34.8
-1
34.8
1.4
22.9
10.4
46.3 Bet acg. of financial assets
.1
Deaand deposits and currency
Credit aarket instruaents
46.2
6.5
Hortgages
42.4
Consuaer credit
-2.6
Other loans (to business)
12.8
6.3
8.4
.3
-2.4
22.5
11.3
3.6
-4.9
12.6
31.0
18.1
9-2
-4.9
13-9
18.3
-12.2
3.0
-.5
-14.8
37.2
50.5
17.0
4.9
29.5
36.4
10.7
10.2
-14.9
15.4
46.5
44.4
1-7
42.1
45.0
52.3
36.8
5.1
10.4
54.6 Net increase in liabilities
Credit aarket instruaents
64.5
Corporate boads
3.0
Bank loans n.e-c.
7.5
53.9
Open-aarket paper
7
8
9
10
11
*
6. 1
-5
♦
♦
6.7
6.2
*
19.8
10.6
*
-15.3
2.0
V
6.8
4.4
18-9
6.8
*
-2
1-8
♦
-.7
-6-7
*
-4.5
-5.4
12
13
14
4-6
.7
Profit taxes payable
Inv. by parent coapanies
Other aisc. liabilities
Beal Estate Investaent Trusts
1
-.1
.1
.3
-. 1
.2
-2
.2
.2
-1
.1
2
3
4
-.2
-.7
-5
-.1
-1.1
1.0
.2
*
-3
.1
-1
1.4
.9
.5
1.7
-9
.8
1.7
-9
.8
1-0
1.0
-9
.1
1-1
-9
.2
1.1 Net acg. of financial assets
.6
Hortgages
Hiscellaaeous assets
.6
5
6
7
8
9
10
11
-.1
.3
-.5
*
-.2
-.1
-.2
.2
.3
-.2
*
-.7
.5
*
-7
.2
.4
-.3
-. 1
-. 1
.4
.2
2.1
1.6
.3
-.1
-. 1
.3
.2
1.5
1.5
-.2
1
-. 1
-.3
.2
1.4
1-3
.1
*
-.1
-1
1.5
1-3
.2
—.2
-. 1
1.8
1.4
.2
-. 1
-. 1
.1
-2
2. 1
1.5
*
. 1
*
.1
-. 1
.2
.1
1.5 Net increase in liabilities
1.1
Corporate eguity issues
Credit aarket instruaents
.5
♦
Hortgages
Corporate bonds
-.1
.6
Bank loans n.e.c.
Open-aarket paper
-.1
5
6
7
8
9
10
11
12
.1
.1
«
*
.2
.2
.2
.2
*
-
-.1
Hiscellaneous liabilities
12
-6
♦
-5
-9
.1
♦
♦
.1 Physical investaent
1
2
3
4
Open-End Investaent Coapanies (Hutual Funds)
1
-2.0
-1.6
-1.9
-4.0
-5.8
-5.0
-4.2
-3.8
-1.1
-2. 1
-2.2 Current surplus
1
2
3
3-1
.1
4.7
V
16.5
.3
28.9
.6
31.9
.4
23.7
*
31.2
.9
32-3
.5
87.2
1-2
93-6
1-8
91.3 Net acg. of financial assets
1. 1
Deaand deposits and currency
2
3
4
5
6
7
8
9
-1.8
4.8
.3
2.0
1.3
1.2
-.6
5.3
.9
2.9
1.6
-. 1
3.5
12.7
2.3
10.9
-2
—.6
13.7
14.6
.6
10.3
2.7
1.0
5.9
25.7
6.4
13.4
3.6
2.4
4.9
18.7
5-6
5.0
4.4
3.7
7.8
22.4
8.2
9.5
-.8
5.6
2-5
29.4
6. 1
14.5
15.1
-6.2
13.3
72.7
37.5
53.1
-12.0
-5-8
12-3
79.6
30.3
24. 1
22.9
2.2
1.7
88.6
17.6
20.6
39. 1
11.0
Corporate eguities
Credit aarket instruaents
U.S. Governaent securities
Tax-exeapt Obligations
Corporate bonds
Open-narket paper
4
5
6
7
8
9
10
5-2
6.3
18.4
32.8
37.7
28.7
35.4
36. 1
88.3
95.8
93.5 Met share issues
10
Honey Harket Hutual Funds
-21-2 Net acg. of finaacial assets
Deaand deposits and currency
-5. 1
-4.9
Tine deposits
Security BP's
13.1
Foreign deposits
1.6
1
2
3
4
5
credit aarket instruaents
U.S. Governaent securities
Open-aarket paper
Hiscellaneous
6
7
8
9
1
2
3
4
5
29.2
.1
9.0
3.2
1.7
107.5
-.7
22-8
8.9
12.1
24.7
.8
-3.1
1-7
4.9
-44. 1
-.6
-16.8
-3.2
-1.8
47.2
-1.0
-.4
, 9.7
-.7
15-4
1. 1
15.0
-1.7
-3.2
20.5
-1.3
-18.9
13.4
2.7
107.9
-2.5
16.0
8.9
-9.8
-12.1
-4.5
-9.3
2.1
-1.0
20.4
8.1
-6.0
-21.3
-9.4
6
7
8
9
14.9
2.6
12.3
.4
62-5
23.7
38-8
1.9
21.4
22.7
-1.3
-1. 1
-21.4
-18.4
-3.0
-.4
38.0
6.2
31.8
1.5
3.8
-14.3
18.2
.3
24.1
.7
23.4
.5
91.6
42.7
48.9
3.7
-.3
5.4
-5.8
1.0
50.1
2.9
47.3
-1-1
-28.4
.8
-29.3
2-5
10
29-2
107.5
24.7
-44. 1
47-2
15-4
20.5
107.9
-12.1
20.4
-21.2 Net share issues
____ _________ __________ __________ _______
Security Brokers and Dealers
14.4
.3
.7
.2
26.4
.2
3.7
8.0
1.6
3.7
-5.2
-1.1
17.6
17.5
1-2
-1. 1
-2.5
.3
-3.7
-2.4
-1.6
-3
3.9
4.0
11.7
5.3
2.4
4.0
10.5
-8.3
-8.5
-7.5
-1-0
5.8
5.7
7.0
-1.2
13.4
13.4
14.0
-.6
-.3
-.4
-.2
-.2
25.4
25.4
25.3
.. 1
.2
-1
.1
.1
*
7.0
.5
2.7
.1
4.5
2.0
5.3
-.9
6.2
-2
-7.5
-3
3
4
5
6
7
8
.7
-.7
-1.4
*
.7
6.5
2.7
2.3
-.6
.2
2.7
-2.4
-.7
-.5
.4
-.2
-.7
3.7
5.4
-6.6
-12.4
-4
5.4
7.4
3.7
5.3
1.0
.6
3.7
-3.0
2.8
-6.2
-8.3
-.8
2.8
-4.4
9
10
11
12
6-2
6.0
.8
5.2
2-5
2-5
4.6
-2.1
3.8
3.6
-. 1
3.7
4.0
3.8
1.4
2-4
5.3
5.2
5.9
-.6
13
.2
*
.2
.2
.1
BILLIONS OF DOLLABS.
__________ ________ ___________________
6.8
.4
1
2
III/85 BASED ON INCOHPLETE INFOBHATION
2.7
10
-10.3 Net acg. of financial assets
.1
Deaand deposits and currency
-2.8
-7.9
-5. 1
-2.8
.4
Corporate eguities
Credit aarket instruaents
U.S. Governaeat securities
Tax-exeapt Obligations
Corporate boads
Security credit
-11.4 Net increase in liabilities
-11.4
Security credit
-12. 1
Froa banks
Custoaer credit balances
.7
*
Profit taxes payable
1
2
3
4
5
6
7
8
9
10
11
12
13
DECEMBER 6, 1985
Honetary and Insurance Beserves
Honetary and Insurance Reserves
Foreign Exchange/ Treasury Currency* Insurance Reserves/ and Interbank Clara
UNADJUSTED HET FLORS($ HILL)
UNADJUSTED HET FLOWS(A HILL)
1
1
II
1984
III
1
J
17
I
1985
II
III
1975
BILLIOMS OF DOLLARS
1977
1978
1976
1979
Gold and Official Foreign Exchange Holdings (D
1 Total O.S. reserves
108
305
958
47
354
371
.8
2.6
.4
-.7
. 1
1
2 O.S. gold stock and SDR's
3
0. S. Govt. ;
Ex. stab. Fund
Honetary authority (2)
4
276
287
-11
268
271
-3
195
196
-1
258
261
-3
178
180
-2
262
263
-1
*
.1
-. 1
. 1
.1
V
-2
.1
.1
-1-2
-1.3
.1
. 1
.3
-.2
2
3
4
5 O.S. foreign exchange position
Official fgn.currency hldgs.
6
Treasury
7
Honetary authority
8
-168
-488
-210
-278
37
-293
-82
-211
763
620
545
75
-211
250
-56
306
176
248
130
118
109
500
293
207
.8
-3
.2
.1
2.5
.3
.2
.1
.1
-.2
.5
4.7
3. 1
1.6
*
-.3
-1. 1
.9
5
6
7
8
Het IHF position
O.S. Governnent asset
Honetary authority
320
335
-15
330
327
3
143
162
-19
-461
-487
26
-72
-62
-10
-391
-393
2
-5
.4
.1
2.2
2.2
♦
.3
-3
-4.2
-4.2
*
1.2
.6
.7
-. 1
.3
.5
-1
-.3
.5
.5
.1
♦
1.6
1.3
.5
-.2
1
2
3
4
9
10
11
(D
♦
-.2
-2 9
.2 10
♦ 11
Lines 1, 2, and 3 exclude increases in SDR's through allocations* which
occurred at various dates beginning January 1970- Transactions in SDR's
are included.
Also excluded iron the table are revaluations of foreign
currency holdings, gold* SDR's, and IHF position.
Allocations and
revaluations are reflected in tables on outstandings.
(2) Treasury gold stock.
Treasury Currency and S.D.R. Certificates
1 Total O.S. Govt, liability
2
Treasury currency
3
SDR certificates
4
Unallocated assets
155
224
-69
83
124
-41
141
181
-40
277
170
107
18
195
-177
80
146
-66
.9
1.0
.1
-. 1
Insurance and Pension Fund Reserves
Life insurance reserves:
1 Het change in liabilities
2
U.S. Governnent
3
Life insurance conpanies
1*126
57
1,069
1*117
61
1,056
1*481
65
1*416
1*546
67
1*479
2*066
69
1,997
1,902
69
1,833
8- 1
.1
7.9
8.8
.2
8.6
9.5
.2
9.3
11.2
.3
10.9
10.7
.3
10. 4
1
2
3
4 Net change in assets (HH)
1,126
1,117
1*481
1,546
2,066
1*902
8. 1
8.8
9-5
11.2
10. 7
4
5 Met change in liabilities
6
U.S. Governnent
7
Insurance sector
Life insurance conpanies
8
9
Private pension funds
10
St. *loc. govt. rtr. funds
28,934
3,841
25,093
9,247
7,575
8,271
41,130
13,208
27,922
12,825
2,780
12,317
37*397
3,055
34,342
13,816
8,807
11*719
23,734
-2,427
26,161
11*967
7,692
6*502
40*280
3,424
36,856
14,177
8,504
14*175
54,993
15,538
39,455
13,454
13,775
12,226
40.8
3.7
43. 1
8.7
23.1
11.3
51.3
4. 6
46.7
15.0
18.9
12.9
62.2
6.4
55.8
16.8
23. 1
15.9
75.4
6.9
68.5
19. 1
28.7
20.7
84.4 5
7-9 6
76.5 7
19-4 8
40.9 9
16. 2 10
11 Net change in assets (hh)
28*934
41*130
37*397
23,734
40,280
54,993
46.8
51- 3
62.2
75.4
84.4 11
Pension fund reserves:
Met Interbank Claims
1 Net change in liabilities
2
Honetary authority
3
Henber bank reserves
4
Vault cash
5
6
7
8
9
10
11
12
Connercial banking
To nonetary authority
To foreign banks, net
Liabilities, net
U.S.-chartered banks
Due fgn. affiliates
-Due fr- affiliates
+Br. loans to U.S.
11,495
-1,175
-1*915
740
9,662
3,632
3,360
272
1,169
4,100
-1,793
5,893
7,370
-1,002
5,178
-6,180
1*805
1,038
239
799
11,631
2,044
-74
2,118
-11. 1
.8
.2
.6
-8.9
-1.0
-.9
-. 1
-1. 1
3-5
1. 7
1-8
16.0
5.9
4.4
1.5
22.7
1-6
-1-4
3-0
12,670
2,422
6,493
6,106
4,665
-4,683
-4,791
4,557
6,030
2,817
1,290
-2*766
-2*447
-1,248
3,099
1,900
-2,931
-2,490
-2,371
-125
-246
-1,277
1,884
2,915
8,372
-1,552
5,948
5,066
7,009
4,128
-5,175
-2,294
76 7
-1,280
772
-32
-1,393
-2,279
1,38 8
2,274
9*587
1,052
4,739
4,468
-2,613
443
1,234
-1,822
-11.9
1.6
-9.8
-7.9
-7. 1
-.8
o-3
.1
-7.8
-1.3
-5.7
-3.9
-6.8
-7
7.6
.2
-4.6
1.4
-.7
1. 4
-1.1
3.5
4.8
-2
10. 1
3-6
5.7
5.2
1.5
4.4
3. 1
.3
21. 1 5
-5 6
22-3 7
8
22- 1
16. 3 9
13- 1 10
-1-2 11
2.0 12
1
2
3
4
13
14
15
Fgn. bkg. off. in U.S.
Due fgn. affiliates
Less: Due fron aff.
1,441
2,788
1,347
-319
-2,312
-1,993
121
1,570
1*449
-1*943
-775
1,168
1,361
1,570
209
7,081
2,914
-4,167
-.9
.9
1.7
2- 9
4. 0
1.0
2.5
5.6
3. 1
3-7
7. 1
3.3
5.8 13
15-5 14
9.7 15
16
17
18
Less: Dep. at fgn. banks
U.S.-chartered banks
Fgn. bkg. off. in U.S.
-387
-729
342
-4,056
-3,599
-457
2,246
145
2,101
-882
250
-1,132
-804
-939
135
-271
64
-335
1-9
1.3
.6
1-8
1.9
-. 1
2. 0
.4
l.b
--5
-.9
.4
-.2 16
-.2 17
* 16
19
20
21
22
23
24
25
To U.S. banking, net
U.S.-chartered banks
Liabilities
To don. affiliates
To fgn. offices
Unallocated
Less:Due fron fgn off.
3,755
4,822
5,175
1,894
-474
3,755
353
1,923
94
691
24
-1,256
1*923
597
1,930
-1,944
-2,802
-1*263
-3,469
1,930
-858
3,976
529
5,881
-209
2,114
3,976
5,352
1,275
-3,787
3,611
1,368
968
1,275
7,398
3,796
11,388
9,498
1,073
4,629
3,796
-1,890
-J.8
-4.2
-4.2
-2.0
1.5
-3.8
1
-.9
.3
4-2
.3
4. 8
-. 9
3.9
-5.4
-2.7
2.3
1.6
6. 1
-5.4
5.0
.8
-3-5
11-8
3-0
8-0
.8
15-3
-1-7
-4.0
12.0
1- 4
12.3
-1. 7
1b. 0
19
20
21
22
23
24
25
-1,894
-24
1,263
209
-1,3t»8
-1,073
2.0
-.3
-1.6
-3.0
-1-4 26
827
353
-474
1,853
597
-1,256
2,611
-858
-3,469
3,238
5,352
2,114
6,430
7,398
968
-6,519
-1,890
4,629
-1.b
-. 1
1-3
-.9
3.9
4.8
-1. 1
5.0
6. 1
7-3
15.3
8.0
3.7 27
1o. 0 28
12-3 29
30 Met change in assets
31
Foreign
32
Donestic
33
Honetary authority
34
Federal Reserve float
35
Loans to nenber banks
7,740
6,493
1,247
2,422
-1,442
3,864
7,739
1,290
6,449
2,817
944
1,873
-7o1
-2,371
1,610
-2,490
566
-3,056
3*394
5,948
-2,554
-1,552
-557
-995
530
772
-242
-1,280
-36
-1,244
7,835
4,739
3,096
1,052
-130
1,182
-7-3
-9.8
2.4
1.6
1. 7
-. 1
-8.0
-5.7
-2. 3
-1.3
-1- 1
-. 2
4.3
-.7
5.0
1.4
1.2
.2
15.2
5-7
9-5
3.6
2-7
.9
24-4
22.3
2. 1
.5
.3
-3
36
37
38
-1,175
-1,915
740
3,632
3*360
272
4*100
-1,793
5,893
-1*002
5,178
-6,180
1*038
239
799
2,044
-74
2,118
.8
.2
.6
-1.0
-.9
-. 1
3.5
1. 7
1.8
5-9
4- 4
1-5
1.6 36
-1.4 37
3.0 38
3,755
1,923
1,930
3*976
1,275
3,796
-3.8
-.9
-5.4
-8
-1.7 39
26
Donestic affiliates
27
28
29
Fgn. bkg. off. in U.S.
Due to U.S. banks
Less:Due fron U.S.bks.
U.S.-chartered banks
Henber bank reserves
Vault cash
39 Discrepancy:
Floats, etc.
III/85 BASED OH INCOMPLETE INFORMATION
30
31
32
33
34
35
DECEMBER 6, 1985
Monetary and Insurance Reserves
Monetary and Insurance Reserves
Foreign Exchange, Treasury Currency, Insurance Reserves, asd Interbank Clain
SEASOMALLI ADJOSTED ABRUAL RATES
1980
1981
1982
SEASOMALLI ADJUSTED ANMUAL RATES
1983
1984
i
|
II
1984
III
IT
|
|
I
1985
II
III
Gold and Official Foreign Exchange Holdings (1)
1
6.8
2.8
4.4
.5
2.3
.4
1.2
3.8
.2
1.4
1.5 Total O.S. reserves
1
2
3
4
-1-1
-1.1
*
.7
.7
*
1.4
1.4
♦
*
-1
V
1.0
1-0
*
1. 1
1.1
*
1.1
1.1
•
-8
.8
•
1.0
1.0
e
.7
.7
1-0 O.S. gold stock and SDR's
O.S. Govt.; ex. stab. Fund
1.1
*
Monetary authority (2)
2
3
4
5
6
7
8
8.0
6.3
3.7
2.6
2. 1
-.4
-.4
*
3.0
.4
-.2
.6
-5
-3.9
-1.8
-2. 1
1.4
.4
.5
-. 1
-. 7
-2.0
-.8
-1. 1
.1
-1.2
-.3
-.8
3. 1
2.5
2.2
.3
-.8
1.0
-.2
1.2
.7
1-0
.4 O.S. foreign exchange position
Official fgn.currency hldgs.
2.0
1.2
Treasury
.8
Monetary authority
5
6
7
8
9
10
11
1.7
1.7
*
2.5
2.5
*
2.6
2.6
*
4.4
4.5
•
1.0
1.0
*
1.3
1-3
-. 1
1.3
1.3
•
.6
.6
-. 1
-1.8
-1.9
.1
-.3
-.2
*
.5
.5
-1.6
-1.6
*
Met IHF position
O.S. Governaent asset
Monetary authority
9
10
11
(1) Lines 1, 2, aad 3 exclude increases in SDR's through allocations, which
occurred at various dates beginning January 1970. Transactions in SDB's
are included.
Also excluded fron the taole are revaluations of foreign
currency holdings, gold, SDR's, and IMF position. Allocations and
revaluations are reflected in tables oa outstandings.
(2) Treasury gold stock.
Treasury Currency and S.D.R. Certificates
1
2
3
4
1.3
.7
.7
-.2
1.2
.7
-8
-.2
1.7
.6
1.3
-.2
-5
.7
-.2
.6
.7
-.1
-6
.9
-.3
-3
.5
-.2
-4
.1
.8
-.7
.3 Total O.S. Govt, liability
.6
Treasury currency
SDR certificates
-.3
Onallocated assets
.6
.7
1.1
.7
-.2
1
2
3
4
Insurance and Pension Fund Reserves
Life insurance reserves;
1
2
3
9.7
V
9.7
9.2
.3
8.9
7.2
-2
7.0
8.0
.2
7.8
5.2
.2
5.0
4.5
.2
4.3
4.5
.2
4.2
5.9
-3
5.7
6.2
.3
5.9
8.3
.3
8.0
7.6 Met change in liabilities
.3
U.S. Governaent
7.3
Life insurance coapanies
1
2
3
4
9.7
9.2
7.2
8.0
5.2
4.5
4.5
5.9
6.2
8-3
7.6 Met chaage in assets (HH)
4
5
6
7
8
9
10
106-3
8.7
97.5
22-3
48.7
26-5
109.0
9.8
99.2
29.5
37.9
31.8
140.1
11.7
128.3
39.7
54.2
34.5
136.2
14.1
122.2
40.2
46.2
35.8
129.8
18.0
111.8
45.2
26.0
40.6
126.0
19-3
106.7
37.0
36.6
33. 1
123.9
18.9
104.9
51.3
4.3
49.3
150.6
20.6
129.9
55.3
27.8
46.9
128.4
12.6
115.8
47.9
42.0
26.0
173.0
17-4
155-6
56.7
42.2
56.7
176-0 Met change in liabilities
27.4
O.S. Goveraaeat
148.6
Insurance sector
53-8
Life insurance conpanies
Private pension funds
45.9
48.9
St.«ioc. govt. rtr. funds
5
6
7
8
9
10
11
106.3
109.0
140. 1
136.2
129.8
126.0
123.9
150.6
128.4
173.Q
176.0 Met change in assets (hh)
11
42.1 Met change in liabilities
2.6
Monetary authority
-10. b
Heaber bank reserves
13.2
Vault cash
1
2
3
4
Pension fund reserves:
Met Interbank Clains
1
2
3
4
-29.5
-1.0
-2.3
1.3
-15.8
-3.4
-2.2
-1.2
-12.2
2.2
1.3
.9
14.4
-3.6
-5.0
1.5
37.2
3.6
.4
3.2
42.9
2.8
7.0
-4.3
34.6
10.2
5.4
4.8
9.5
4.3
-12.7
17.0
33.8
4.7
19.4
-14.7
5.3
12.6
16.8
-4.2
5
6
7
8
9
10
11
12
-28.5
-1.9
-23-2
-17.7
-18.9
-5.7
14.5
1.3
-12.4
-2.9
-7.0
-4-0
-2.9
5.3
17.1
8-9
-14.3
.1
-30. 1
-19.6
-7.9
-1. 1
9.3
2.5
18.0
-1.0
20.1
18.2
8.3
9.4
3.8
2.7
33-6
, 2.0
12-5
9-6
5.2
-5.7
2.2
13.0
40. 1
7.9
18.6
17. 1
14.2
-20.5
-16.5
18-2
24.3
14.6
5.4
-10.9
-9.9
-5.6
11.9
7-6
5.2
-12.3
-2.1
6.9
-2.5
-7. 1
7.0
11.7
29.1
-5.3
27.7
24.2
38.4
21.1
-26.4
-9.2
-7.3
-6.9
-4.6
-7.9
-10.9
-9.7
10.2
9.1
39.6
6.3
20.8
19-7
-10.3
1.9
4.9
-7.3
13
14
15
1.2
13.5
12.3
-1.1
11-1
12-3
-11.7
-2.6
9. 1
9.9
4.8
-5. 1
4.4
2-0
-2.4
2.9
2.5
-.5
-1.0
-10.7
-9.7
9.4
8.0
-1.4
-14.2
5.7
19.9
3.0
-4. 1
-7.1
30.0
11.9
-18. 1
Fgn. bkg. off. in U.S. 13
Due fgn. affiliates 14
Less; Due fron aff.
15
16
17
18
5.4
3.4
2.0
3.0
3.4
-.4
10.5
10.3
.2
-1.8
-1.3
-.6
-2.9
-4.6
1.7
-1.5
-2.9
1.4
-16.2
-14.4
-1.8
9.0
.6
8.4
-3.5
1.0
-4.5
-3.2
-3.8
.5
-1. 1
-3
-1.3
Less: Dep. at fgn. banks 16
17
O.S.-chartered banks
Fgn. bkg. off. in O.S. 18
19
20
21
22
23
24
25
-3.4
-12.4
12-6
2.7
13.3
-3.4
25.1
-2.4
-9.7
6.0
1.4
7.1
-2.4
15.7
15.7
-9.5
4. 1
-2. t
-9.5
15-7
13.5
-1. 1
-1.0
6.2
5.4
1.8
-1. 1
7.2
19- 1
12.7
20.1
4.1
-3.1
19. 1
7.4
13.6
6.0
10.3
7-6
-10.8
13.6
4.3
5.0
5.4
-6.6
.1
-11.7
5.0
-12.0
19.5
11.8
8-3
-5. 1
-6.2
19.5
-3.5
6-7
-9.9
24.0
-.8
18.1
6.7
33.9
4.3
-27.0
2.1
5.5
-7.7
4.3
29.1
12.5
51.9
30.2
4.3
13-4
12.5
-21.8
26
-2.7
-1.4
2. 1
-5.4
-4.1
-7-6
-.1
5. 1
.8
-5.5
-4.3
27
28
29
11.7
25-1
13.3
8.6
15.7
7.1
23.0
13.5
-9.5
5.4
7.2
1.8
10.6
7.4
-3.1
15. 1
4.3
-10.8
-.3
-12.0
-11.7
2.6
-3.5
-6.2
15.8
33-9
18.1
36.7
29. 1
-7.7
-35.2
-21.8
13.4
30
31
32
33
34
35
-26-1
-23-2
-3.0
-1.9
-2.3
.4
-13.3
-7.0
-6.3
-2.9
-2.7
-.2
-27.9
-30.1
2.3
-1
1.0
-.9
15.5
20.1
-4.6
-to
-1.2
.2
18.1
12.5
5.6
2.0
-.7
2.7
29.3
18.6
10.7
7.9
-4.9
12-8
29.6
5.4
24.2
14.0
6.3
7-7
-10.0
-2. 1
-7.9
-12-3
-4.4
-7.9
27.1
27.7
-.6
-5.3
-4
-5.7
1.0
-4.6
5.7
36
37
38
-1.0
-2.3
1.3
-3.4
-2.2
-1.2
2.2
1.3
-9
-3.6
-5.0
1.5
3.6
.4
3-2
2.8
7-0
-4.3
10.2
5.4
4.8
4.3
-12.7
17.0
4.7
19.4
-14.7
12.6
16.8
-4.2
39
-3.4
-2.4
15.7
-1.1
19.1
13.6
5.0
19.5
6.7
4.3
BILLIOHS OF DOLLARS.
I11/85 BASED OR INCOMPLETE INFORMATION
-6.9
1.6
-8.5
Conaercial banking
To Monetary authority
To foreign banks, net
Liabilities, net
O.S.-chartered banks
Due fgn. affiliates
-Due fr. affiliates
♦Br- loans to O.S.
To U.S. banking, net
O.S.-chartered banks
Liabilities
To don. affiliates
To fgn. offices
Unallocated
Less:Due fron fgn off.
Doaestic affiliates
19
20
21
22
23
24
25
26
27
Fgn. bkg. off. in O.S.
28
Due to O.S. banks
Less:Due fron O.S.bks. 29
29.6 Met change in assets
20.8
Foreiga
Donestic
8.8
6.3
Bonetary authority
1.5
Federal Reserve float
Loans to nenber banks
4.8
2.6
-10.6
13.2
5
6
7
8
9
10
11
12
30
31
32
33
34
35
U.S.-chartered banks
Henber bank reserves
Vault cash
36
37
38
Floats, etc.
39
12.5 Discrepancy:
DECEMBER 6, 1985
Deposit Claias
Deposit Claias
30
Honetary Claias On Pinancial Institutions
UNADJUSTED NET FLO8S($ HILL)
UNADJUSTED NET FLOBS ($ HILL)
I
1
II
1984
III
IV
|
1
I
1985
II
III
1975
BILLIONS OF DOLLAfiS
1976
1977
1978
1979
Currency and Checkable Deposits
6,493
32,824 -27,281
37,969
18,149
18.7
24.8
30-2
32.7
35.8
1
2
3
4
5
Pvt. doaes. sectors, by type
Currency
Denand deposits
Other checkable
11,987 -9,832
—2
5,593
2,107 -10,705
4,287
875
42,813 -21,734
1,580
2,563
33,447 -29.900
6,803
6,586
26,036
5,904
12,317
7,815
23,611
-638
16,168
8,081
1b. 2
6.3
9.2
.7
18.7
7.4
9-5
1.8
26.9
8.2
17.2
1.6
29.2
9.3
15.4
4.5
31. 0
8.0
14. 4
8.6
2
3
4
5
6
7
8
9
10
11
12
Pvt.doaes.sectors, by holder
Pvt. doaestic nonfinancial
Hoaseholds
Business
State*local governaents
Hail float
Financial sectors
11,987 -9,832
8,451 -11,357
6,908
2,699
1,100 -4,505
1,408 -2.972
-965 -6,579
3,536
1,525
42,813 -21,734
40,154 -22,906
12,366
-963
6,238 -6,793
4,151 -5,912
17,399 -9,238
2,659
1,172
26,036
17,629
16,540
2,601
-183
-1,329
8,407
23,611
21,159
30,407
244
-1,913
-7,579
2,452
16.2
15.6
6.9
6.2
.8
1.6
.7
18. 7
17.8
15.7
2.4
-.9
.6
-9
26.9
25.3
19-8
2-9
.8
1-8
1.6
29.2
25.4
22.4
4.5
-1.0
-.5
3-8
31.0 6
26.2 7
21. 3 8
6.4 9
-1-5 10
-. 1 11
4.8 12
13
14
Foreign
U.S. Governaent
-1,428
-4,119
1,309
10,624
1,530
-6,992
-.3
2.8
3.2
3.0
2.4
.9
-.2
3.7
4.2 13
.5 14
35.8 15
1 Net change in total assets
15 Net change in liabilities
16
17
18
19
Honetary authority
U.S. Govt, cash + deposits
Foreign deposits
Currency outside banks
20
21
22
23
Coaaercial banking
U.S. Governaent deposits
Foreign deposits
Private doaestic deposits
24
Savings institutions
11,875
155
-267
-412
2,333
16.737 -12,322
37,969
18,149
18.7
24.8
30.2
32.7
-660
-2,212
-28
1,580
6,208
259
45
5,904
491
844
285
-638
10.7
4.5
*
6.3
10.6
3. 1
.2
7.4
4.8
-3.3
8.2
6. 3
-3. 1
.1
9.3
8.2
. 1
. 1
8.0
16
17
18
19
30,802 -29,253
-9,172 -1,907
2,297 -1,400
37,677 -25,946
27,909
10,365
1,264
16,280
14,763
-7,836
1,245
21,354
7.6
-1.7
-.3
9.6
13.4
-. 1
3.0
10.4
24.5
4.3
2.4
17.8
25.4
6.8
—.3
18.9
26.4
.4
4. 1
21.8
20
21
22
23
3,852
2,895
.4
-9
1.0
1.0
11,875
6,493
32,824 -27,281
6,229
733
-97
5,593
4,031
4,059
-26
-2
-551
-3,150
36
2,563
2,750
1,612
-1,000 12,678
252
-386
3,498 -10,680
2,896
850
2,573
2,632
»
1-2 24
Snail Tiae and Savings Deposits
1 Net change in liabilities
Coaaercial banks
2
3
Savings institutions
4
Savings and loan assns.
Hutual savings banks
5
6
Credit unions
7 Net change in assets
8
Households
9
State and local governaents
10
U.S. Governaent
11
Credit unions
32,105
18,806
13,299
12,108
-2,695
3,886
28,739
12,486
16,253
15,425
314
514
50,747
29,978
20,769
19,473
207
1,089
47,368
24,994
22,374
14,960
2,583
4,831
39,645
24,452
15,193
10,230
-1,281
6,244
21,430
10,994
10,436
10,212
-2,048
2,272
98.0
39.9
58- 1
41.6
11.0
5.5
121-6
54.6
66.9
48.7
12.5
5.8
94.6
28.2
66.4
48.6
10.4
7.3
65. 4
13.2
52.2
38.8
7.5
5.9
61. 1
29.5
31.7
26.Q
1.6
4.0
32,105
31,640
-228
25
668
28,739
31,339
-793
98
-1,905
50,747
52,580
-1,055
269
-1,047
47,368
47,419
-1,342
-69
1,360
39,645
38,669
-1,714
-27
2,717
21,430
25,846
-1,980
188
-2,624
98.0
9 7.0
-9
-1
*
121.6
116.2
5.1
.2
. 1
94.6
95. 1
-1.6
.1
.8
65.4
66.0
-. 1
.1
-.5
7
61. 1
59.9 8
-.6 9
. 1 10
1.8 11
h3
♦
.2
6.9
1
2
3
4
5
6
Honey Harket Hutual Fund: Shares
Honey aarket fund shares
1
Liab: Finance n.e.c.
Asset: Households
1 Net change in total liab.
2
Coaaercial banking
3
Doaestic banks
4
Foreign banking offices
Savings institutions
5
6 Net change in assets
7
Pvt. doaestic nonfinancial
8
Households
Business
9
State * local governaents
10
11
Foreign
12
13
14
15
16
17
Financial sectors
Saving and loan assns.
Hutual savings banks
Credit unions
Private pension funds
Money aarket funds
3,854
5,129
26,972
-3,024
5,108
-5,292
34.4
1
——----- - --------—— ——------------------------ ------- ----- - ———————~ ——■——------------- ----- — ——___ ————----- --------- ———-——
Large Tine Deposits
5,427
5,102
5,728
-626
325
-8.9
-9.9
-13.3
3.4
1.0
-13.9
-15.3
-15.6
.4
1.4
28.3
26.0
23.8
2.2
2.3
54.5
48.6
42. 1
6.4
5.9
27.8
13.8
10.2
3.6
14.0
-7,412
-6,114
-6,557
506
-63
-46
5,427
3,128
-5,140
923
7,345
1,510
-8.9
-13.8
-12.8
1.9
-2.9
1.5
-13.9
-11.0
-10.0
2. 1
-3.0
-1.9
28.3
26.4
13. 1
4.8
8-5
-.4
54.5
46.3
36. 1
2.0
8.2
1. 1
27.8 6
18.8 7
14.5 8
4.7 9
-. 4 10
1-2 11
-1,252
-34 9
-6
53
555
-1,505
789
-12
37
59
1,924
-1,219
3.4
4.5
.1
-5
-2.2
.5
-1.0
-1.4
—.2
1.3
-. 7
2.3
-1
*
. 1
1.8
.3
7. 1
.4
.3
V
3.6
2.7
7. 8
-2.2
—.3
*
2.8
7-5
12
13
14
15
16
17
1
2
3
33,508
18,474
17,347
1,127
15,034
15.544
6,597
11,164
-4,567
8,947
18,882
5,961
2,869
3,092
12,921
-2,349 -7,412
-3,837 -10,038
-324 -7,404
-3,513 -2,634
1,488
2,626
33,508
24,398
28,180
—3,993
211
3,371
15,544
27,928
22,577
983
4,368
1,002
18,882
12,076
4,489
5,461
2,126
946
-2,349
-1.931
-8,972
-433
7,474
726
5,739 -13,386
-1,716 -3,685
-256
-599
32
37
3,922 -4,421
3,757 -4,718
5,860
2,308
-214
42
-278
4,002
-1,144
1,872
-300
48
-444
-2,320
1
2
3
4
5
Federal Funds and Secarity Bepurchase Agreements
1 Net change in liabilities
Coaaercial banks
2
3
Savings and loan assns.
4 Net change in assets
5
Nonfinancial corporations
6
State and local governaents
Sponsored credit agencies
7
Savings and loan assns.
8
9
Hutual savings banks
10
Other insurance coapanies
Honey aarket funds
11
12 Discrepancy-unallocated assets
-306
-9,666
9,360
7,460
1,999
5,461
-358
-1,110
752
1,380
6,671
-5,291
-4,808
1,732
-6,540
-1,742
-8,449
6,707
3.5
3.5
.1
13.6
13.6
-. 1
10.9
9.0
1.9
21.6
19.5
2. 1
16. 1
15.6
3,657
3,001
-984
-533
1,168
-604
2,022
-413
8,825
-4,198
247
7,425
1,284
238
487
3,342
3,626
-1,922
-1,619
1,741
2,856
49
301
2,220
-2,983
1,331
1,359
-1,547
-5,206
-217
776
521
-1,505
-2,442
-88 8
3,257
2,456
931
495
-5,314
-3,667
-2,115
1,239
-6,423
-564
123
800
3,273
-1. 1
-.8
1.0
-.3
-1.0
-.1
. 1
4.2
2.3
.3
1.2
.4
-
♦
5.4
1.2
1.0
-2
2-3
.6
.1
10.7
5.5
2.0
1.4
1.7
V
. 1
12.7 4
2.6 5
4.0 6
.6 7
2.5 8
.9 9
10
2. 1 11
—3,963
-1,365
-3,984
4,363
-3,303
1,925
4.6
9.3
5.5
10. 9
3. 4 12
.5
U.S. Deposits in Foreign Countries
1 Total foreign liability
Held by:
Nonfinan. corporate business
Honey aarket funds
2
3
-2,165
-430
-3,158
-477
-4,304
-296
-8
1.7
1.3
2.4
6. 1
1
-1,362
-803
-1,110
680
-707
-2,451
-221
-256
-1,943
-2,361
-700
404
-8
-
1.7
-
1.3
2.0
.5
1.5
4.6
2
3
III/85 BASED ON INCOHPLETE INFOBHATION
♦
DECEHBEB 6, 1985
Deposit Claias
Deposit Claias
Honetary Claias On Financial Institutions
SBASOIALLI ADJUSTED AIMUAL BATES
SEASONALLI ADJUSTED ANNUAL BATES
1980
1981
1982
— — ——
1983
1984
1
1
1984
III
11
1
I
IF
Currency and Cneckable Deposits
----------- —---------------- ----- —
I
1985
II
III
———
1
16.2
28.2
37.8
39.5
46.9
37.3
7.9
68.3
-23.4
146.3
2
3
4
5
19-8
10.3
-.8
10.3
31.9
9.5
-28.8
51.2
34-7
9.7
-1.1
26.1
44.5
14.3
3.0
27.2
39.3
8.6
15.0
15.7
45.0
18.6
9.3
17. 1
-13.5
3.3
-20.3
3.5
62.6
-.5
35.9
27.2
-1.4
18.0
-45.7
26.3
97.7
19.2
47.2
31.3
126.3
1. 1
92.9
32.3
Pvt. doaes. sectors, by type
Currency
Deaand deposits
Other checkable
6
7
8
9
10
11
12
19.8
15.5
10.1
3.9
-.8
2.3
4.3
31.9
27.5
31.6
-6.7
-1.6
4.1
4.4
34.7
25.1
16.8
8.8
-3.7
3.2
9.6
44.5
37.4
43.1
-2.4
-3.5
- 1
7.2
39.3
30.0
29. 1
-5.4
3.1
3.2
9.3
45.0
30.7
35.7
-2.7
-.8
-1.5
14.4
-13.5
-19.8
4.6
-18.7
-5.1
-.6
6.2
62.6
57.9
38.6
3.3
9.2
6.9
4.7
-1.4
-11.8
6.7
1.7
-16.8
-3.3
10.4
97.7
63-7
72.1
1.7
-6.8
-3.3
34.0
126.3
116.4
119.4
1.1
-.6
-3.5
9.9
Pvt.doaes.sectors, by holder 6
Pvt. doaestic nonfinancial 7
Households
8
9
Business
Statevlocal governaents 10
11
Hail float
Financial sectors
12
13
14
*
-3.6
-3.8
.1
-3.7
6.8
1.6
-6.7
1.9
5-7
-4.0
-3.7
2-5
18.9
6.6
-.9
-3.5
-18.5
1.7
47.0
10. 1
-81.2
Foreign
U.S. Governaent
15
16.2
28.2
37.8
39.5
46.9
37.3
7.9
68.3
-23.4
146.3
16
17
18
19
9.0
-1.1
-.2
10.3
10.9
1.2
.1
9.5
10.2
-7
-.2
9.7
13.0
-1.3
•
14.3
10.3
1.7
•
8.6
16.2
-2.0
-.4
18.6
5-8
2.6
3.3
2.0
2.5
*
-.5
11.6
-6.4
18.0
15.5
-3.9
.2
19.2
-7.3
-9.5
1.1
1-1
20
21
22
23
5.1
-2.6
.3
7.4
8.6
-1.1
-3.9
13.7
19.2
6.1
-3.4
16.5
15.9
-5.3
1.6
19.7
29.2
4.0
2.0
23.2
9.5
-1.8
-3.6
14.9
-1.4
16.3
2.6
-20.2
56.0
-3.5
6.6
52.8
-45.5
-12.1
-3.5
-29.9
115.4
50.9
1.5
63. 1
51.0
-71.7
9.0
113.7
24
2.0
8.7
8.4
10.6
7.5
11.6
3.4
10.3
10.5
15.4
11.6
-.1
55.2 let change in total assets
55.2 Net change in liabilities
1
2
3
4
5
13
34
15
Honetary authority
U.S. Govt, cash * deposits
Foreign deposits
Currency outside banks
16
17
18
19
Coaaercial banking
O.S. Governaent deposits
Foreign deposits
Private doaestic deposits
20
21
22
23
Savings institutions
24
Saall Tiae and Savings Deposits
1
1
2
3
4
5
6
86.6
44.8
41.7
29.0
5.4
7.3
47.5
40.3
7.2
4. 1
-9
2.2
139.8
97.0
42.8
29.3
4. 1
9.4
217.7
130.0
87.8
66.6
7.7
13.5
149.2
74-6
74.6
64.3
-.7
11.0
153.4
92-3
61- 1
55.0
-6.2
12.3
165.4
85.6
79.8
69.3
3.8
6.7
171.8
95. 1
76.7
71.2
-2.7
8.2
145.7
73.3
72.4
52.6
6.4
13.4
183.9
114.9
69.0
47.0
.5
21.5
141. 1 Net change in liabilities
84.0
Coaaercial banks
57.2
Savings institutions
48.6
Savings and loan assns.
Hutual savings banks
-6.0
Credit unions
14.5
7
8
9
10
11
86.6
83.2
-.3
-.2
3.9
47.5
46.9
.1
-. 1
.6
139.8
136.7
1.5
-5
1. 1
217.7
214.2
5.3
-.5
-1.3
149.2
151.8
-2.6
-5
-.6
153.4
154.8
-.9
. 1
-.6
165.4
168.1
-3.2
.4
-1
171.8
176.6
-4.2
1.1
-1.6
145.7
155.6
-5.4
-.3
-4.2
183.9
182.1
141.1 Net change in assets
149.4
Households
-7.9
State and local governaents
U.S. Governaent
.8
-1. 1
Credit unions
7
8
9
10
11
20.5
107.9
-12.1
20.4
Honey aarket fund shares
Liab; Finance n.e.c.
Asset; Households
1
-6.9
-. 1
8.8
2
3
4
5
6
Honey Harket Hutual Fund Shares
1
29-2
107.5
24.7
-44.1
47.2
15.4
-21.2
Large Tiae Deposits
1
2
3
4
5
61.0
47.2
39-3
7.9
13.8
61.8
51.5
43-9
7.6
10.2
3.4
-8.8
2.3
-11.1
12. 1
-18. 1
-52.3
-38.7
-13.6
34.2
76. 1
25.9
33-9
-8.0
50.2
114. 4
54.2
49.7
4.5
60. 1
37.8
2-0
20.3
-18.3
35.8
69.3
17.6
5.2
12.4
51.7
46.3
40.4
54.4
-14.1
6.0
-55.8
-66.3
-55.7
-10.5
10.5
6
7
8
9
10
11
61.0
45.8
43.2
4.0
-1.4
1.2
61.8
36.9
19-7
14.9
2.3
2.3
3.4
-7.7
-17.5
5.3
4.5
6.8
-18. 1
-7.5
-15.3
16.6
-8.8
.5
76. 1
75.7
.65.0
4.7
6.0
4.6
114.4
83. 1
78.6
-7.9
12.4
10.2
37.8
76.3
57.0
5.6
13.7
8.2
69.3
49.0
31.9
9.2
7.9
1.2
46-3
46.2
22.0
.6
23-7
4-7
-55.8
-44.7
-67.2
10.5
11.9
-4.2
12
13
14
15
16
17
14.0
2.5
*
2.1
.4
9.0
22.6
-.7
-. 1
-.7
1.2
22.8
4.2
7.2
1-4
-1-3
-3.1
-11. 1
1.2
*
*
4.4
-16.8
-4.2
-5.5
-1-4
.1
3.0
-.4
21. 1
-8.7
-1.0
-1
15.7
15.0
-46.7
-7.9
-2.4
.1
-17.7
-18.9
19. 1
4.8
-.9
.2
-1.1
16.0
-4.6
7.4
-1.2
.2
-1.8
-9-3
-6-9
-3.3
*
-2
2.2
-6.0
-5.0 Net change in total liab.
-6.3
Coaaercial banking
-3.8
Doaestic banks
-2.5
Foreign banking offices
1.3
Saviags institutions
-5.0 Net change in assets
-26. 1
Pvt. doaestic nonfinancial
Households
-55.0
5.4
Business
State * local governaents
23.5
10.7
Foreign
10.4
7-2
.1
-2
7.7
-4.9
Financial sectors
Saving and loan assns.
Hutual savings banks
Credit unions
Private pension funds
Honey aarket funds
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
Federal Funds and Security Repurchase Agreeaents
1
2
3
19-9
17.8
2.1
16.2
13.1
3.0
9-5
10.7
-1-2
24.0
10.2
13.9
16.3
-2.5
18.8
4. 5
-33.0
37.4
25. 5
3-7
21.8
-3.0
-6.0
3.0
5.7
26.9
-21.2
-12.2
14.0
-26.2
-12.8 Met change in liabilities
Coaaercial banks
-39.6
Savings and loan assns.
26.8
4
5
6
7
8
9
10
11
11.5
6.6
*
1.8
-.7
.6
3.2
20.7
*
2.5
3.5
4.2
1.5
.1
8.9
15.3
3.7
-1
5.4
.4
4.0
1.7
23.8
11.2
3.0
-2.3
5.9
-.6
9.6
-3.2
26.6
-4.6
-1.3
9.3
7.9
1.3
4.2
9.7
15.7
12.0
-3-9
-2. 1
4.7
-1.3
8. 1
-1.7
35.8
-16.8
1-0
29.7
5.1
1.4
1.9
13.4
17.0
-7.7
-6.5
7.0
11.4
2.7
1.2
8-9
-16.1
5.3
5.4
-6-2
-20.8
-5.1
3.1
2.1
-4.6
-9.8
-3.6
13.0
9.8
5. 1
2.0
-21.3
-14.2 Net change in assets
Nonfinancial corporations
-8.5
State and local governaents
5-0
-25.7
Sponsored credit agencies
-2.3
Savings and loan assns.
Mutual savings banks
-9
Other insurance coapanies
3.2
13. 1
Honey aarket funds
12
8.4
-4.5
-5.8
.3
-10.3
-11.2
-10.3
-20.0
21.8
-7.5
«
1
2
3
4
5
6
7
8
9
10
11
1.5 Discrepancy-unallocated assets 12
U .S. Deposits in Foreign Countries
1
2.8
12.6
2.4
3.0
-4.7
-8.7
-1.7
-12.6
-1.9
-17.2
2
3
1.1
1.7
-5
12.1
-2.5
4.9
4.8
-1.8
-4.0
-.7
-5.4
-3.2
-4.4
2.7
-2.8
-9.8
-.9
-1.0
-7.8
-9.4
BILLIONS OF DOLLABS.
III/85 BASED OM IICOHPLETE INFORHATION
-1.2 Total foreign liability
Held by:
Nonfinan. corporate business
Honey aarket funds
-2.8
1.6
1
2
3
DECEMBER 6, 1985
0.8. Governaeat Securities
O.S. Governaent Securities
32
O.S. Governaeat Securities Harket Suaaary
OMADJOSTED MET FLOWS(S HILL)
UMADJUSTED MET FLOWS ($ HILL)
J
I1
II
1984
III
IV
1
1
1985
II
I
III
1975
BILLIONS OF DOLLARS
1976
1977
1978
1979
Total Met Issues, by Sector and Type
1 Total U.S. Governaent secur.
U.S. Governaent
2
Spons. agencies * atg. pools
3
47,915
31,190
16,725
78,726
54,076
24,650
81,007
64,172
16,835
60,820
41,852
18,968
71,104
45,243
25,861
66,499
46,068
20,431
94.9
85.5
9.4
83.8
69. 1
14.6
79.9
56.9
23. 1
90.5
53.8
36.7
84.8
37.5
47.3
1
2
3
By instruaents
Treasury issues
Household savings bonds
Treas. excl. savings bonds
31,202
688
30,514
54,083
761
53,322
64,183
817
63,366
41,866
928
40,938
45,252
1,254
43,998
46,074
1,551
44,523
85.8
4.0
81.8
69. 1
4.7
64.5
57.6
4.7
52-9
55.1
3.9
51.2
38.8
-.8
39-6
4
5
6
16,713
-12
24,643
-7
16,824
-11
18,954
-14
25,852
-9
20,425
-6
9.0
-.3
-. 1
14.6
.1
-. 1
22.3
-.5
-.2
35.3
-1.1
-.3
46.0
-1. 1
-.2
7
8
9
9,045
7,680
12,456
12,194
3,386
13,449
3,922
15,046
8,804
17,057
3,596
16,835
2.3
7. 1
2.5
12.2
7.0
16. 1
23.1
13.6
24.3 10
23. 1 11
4
5
6
7
8
9
10
11
Other
Budget agency issues
Loan participations (1)
Spons. ageacy issues (2)
Hortgage pool secur. (2)
Total Met Purchases, by Sector and Type
47,915
982
761
221
78,726
-3,195
-3,524
329
81,007
2,374
2,404
-30
60,820
995
1,470
-475
71,104
2,137
1,459
678
66,499
-157
-379
222
94.9
1-5
1.5
V
83.8
1-5
1.5
*
79.9
-3.8
-3.4
-.4
90.5
-6
.5
.1
84.8
-2
-.2
.4
1
2
3
4
5
Federal fieserve Systea
Treasury issues
Agency issues
1,988
2,045
-57
2,151
2,159
-8
6,116
5,832
284
-272
133
-405
8,058
8,127
-69
516
592
-76
8.4
7.4
1.0
10.0
9. 1
-9
7.2
5.8
1.4
7.3
7.7
-.4
7.6
6.9
.7
6
7
8
9
10
11
Foreign
Short-tera narketable
Other
5,190
3,602
1,588
4,005
107
3,898
17,310
2,389
14,921
-6,468
-5,121
-1,347
14,351
1,975
12,376
9,477
901
8,576
8.1
6.6
1.5
11.6
3.3
8.3
31.5
8. 1
23.4
23.5
13.9
9.5
-14.0 9
-18.5 10
4.5 11
12
13
14
Total private doaestic
Treasury issues
Agency issues
39,755
23,206
16,549
75,765
51,443
24,322
55,207
38,637
16,570
66,565
46,731
19,83*
46,558
21,315
25,243
56,663
36,384
20,279
76.9
68.8
8. 1
60.7
47.0
13.7
45. 1
23.8
21.3
59. 1
23.4
35.7
91.0 12
46. 1 13
44.9 14
34,821
31,494
688
30,806
3,327
46,155
32,329
761
31,568
13,826
11,773
4,319
817
3,502
7,454
26,410
11,723
928
10,795
14,687
31,379
5,721
1,254
4,467
25,658
33,148
22,890
1,551
21,339
10,258
18.2
22.8
4.0
18.7
-4.6
12.5
7.9
4.7
3.3
4. 6
23.3
16.5
4.7
11.7
6.9
38.3
25.8
3-9
21-9
12.5
52-5
30.6
-.8
31.4
22.0
35
16
17
18
19
23,742
21,950
688
21,262
1,792
42,560 -13,212
29,996 -19,537
761
817
29,235 -20,354
12,564
6,325
16,915
7,639
3,768 -16,858
928
1,254
2,840 -18,112
13,147 24,497
13,222
4,432
1,551
2,881
8,790
11.5
14.9
4.0
10.9
-3.4
6.3
3.6
4.7
-1.0
2.7
18.5
12.9
4.7
8.2
5.5
25.4
19.3
3-9
15.4
6. 1
35.4
19.0
-.8
19.8
16.4
20
21
22
23
24
-1,605
-1,576
-29
2,088
2,119
-31
615
648
-33
8.7
9.5
-.8
2. 1
2. 1
*
-6.4
-6.0
-.4
1-5
.8
.7
1.6 25
2.8 26
-1.3 27
21,092
11,100 . 21,652
19,937 - 9,531 20,460
1,155
1,569
1,192
19,311
17,810
1,501
-2.1
-1.7
-.4
4. 1
2-2
1.9
11.3
9.6
1.7
11.3
5.7
5.6
15.6 28
8.7 29
6.8 30
1 Total purchases, by sector
U.S. Govt, (agency secur.)
2
Sponsored credit agencies
3
4
Treasury
Agency securities
5
6
7
8
15
16
17
18
19
Private donestic nonfinan.
Total Treasury issues
Saviags bonds (HH)
Other Treasury issues
Agency issues
20
21
22
23
24
Households
Total Treasury issues
Savings bonds
Other Treas. issues
Agency issues
25
26
27
Monfin. corp, business
Treasury issues
Agency issues
1,090
1,109
-19
-2,659
-2,636
-23
28
29
30
State and local govts.
Treasury issues
Agency issues
9,989
8,435
1,554
6,254
4,969
1,285
-7,185
-7,303
118
397
-460
857
749
1,549
-800
10,76*
11,263
-499
5,457
3,075
2,382
-2,810
-1,289
-1,521
30.0
28.6
1.4
20.2
18.7
1.5
-1- 1
-1.9
.8
.5
-6. 5
7.0
7.9 31
-4 32
7.6 33
-7,213
-119
147
152
85
160
918
-343
174
10,598
-21
187
6,062
-806
201
-2,400
-624
214
30.1
-.2
.1
19.6
.5
. 1
-1.3
-. 1
-2
.1
.5
-. 1
7.4 34
.5 35
* 36
31
32
33
34
35
36
Coaaercial banking
Treasury issues
Agency issues
Connercial banks
Foreign banking offices
Banks in U.S.possessions
3,893
3,919
-26
37
Private nonbank finance
12,119
29,213
42,685
29,391
9,722
26,325
28.8
28.0
22.9
20.3
30.6 37
38
39
40
Total pvt. nonbank finance
Treasury issues
Agency issues
12,119
-985
13,104
29,213
19,574
9,639
42,685
32,769
9,916
29,391
23,745
5,646
9,722
12,519
-2,797
26,325
14,783
11,542
28.8
17.4
11-3
28.0
20.3
7.7
22.9
9.3
13.6
20.3
4.2
16. 1
30.6 38
15.2 39
15.4 40
41
42
43
Savings and loan assns.
Treasury issues
Agency issues
6,052
-2,894
8,946
7,533
3,582
3,951
2,419
2,759
-340
1,951 -14,606
1,226 -6,038
725 -8,568
4,768
548
4,220
4.7
.6
4. 1
5.6
4.9
.7
3.9
-1-0
4.9
4.6
*
4.6
1-0 41
-2.9 42
3.9 43
44
45
46
Hutual savings banks
Treasury issues
Agency issues
-518
-74
-444
-232
-283
51
498
-132
630
972
315
657
-1,553
-666
-887
815
-196
1,011
3.9
2.2
1.7
4.0
1- 1
2.9
2.6
.1
2.6
.8
-.9
1.7
1.2 44
-.2 45
1.3 46
47
48
49
Credit unions
Treasury issues
Agency issues
-382
-400
18
-1,361
-1,439
78
-1,749
-1,833
84
1,397
1,292
105
1,345
1,216
129
566
422
144
1. 1
-3
.8
.6
-2
.5
-5
.1
.4
-1
-.4
-5
* 47
.1 48
-. 1 49
50
51
52
Life insurance conpanies
Treasury issues
Agency issues
3,370
772
2,598
6,147
3,282
2,865
9,726
6,237
3,489
4,081
2,298
1,783
4,952
2,758
2,194
5,143
2,490
2,653
1.7
1.4
.4
1.5
.6
.9
1.6
-.1
1.7
2.0
-.5
2.5
2.9 50
. 1 51
2.8 52
53
54
55
Private pension funds
Treasury issues
Agency issues
3,255
2,063
1,192
6,039
4,744
1,295
6,615
4,898
1,717
4,491
4,532
-41
5,721
4,293
1,428
7,376
6,086
1,290
12.5
9.5
3. 1
7.3
6.8
.6
6.7
5.9
.8
4.9
2.9
2.0
11.6 53
6.6 54
5.0 55
56
57
58
St.+local govt.rtr.funds
Treasury issues
Agency issues
2,965
2,964
1
5,503
4,996
507
6,565
2,983
3,582
4,737
2,870
1,867
2,842
629
2,213
2,777
1,024
1,753
1.6
1-0
.7
3.1
1-5
1.6
5-5
2-7
2.7
7. 1
2.7
4.4
6.6 56
5.3 57
1.4 58
59
60
61
Other insurance cos.
Treasury issues
Agency issues
1,637
844
793
2,694
1,802
892
2,027
1,273
754
1,633
1,083
550
1,391
697
694
1,530
1,059
471
2-5
1.9
.6
3- 1
2.6
.6
3.0
2.5
.5
1.2
.7
-5
1-3 59
-2 60
1. 1 61
62
63
Hutual funds (Treasury)
Honey nkt.funds (Treas.)
Security brokers and
Dealers (Treasury)
1,393
-3,583
2,045
170
1,524
10,678
9,374
1,362
7,587
718
4,408
209
*
.8
•
.2
.2
-.3
-.2
.6
* 62
4.2 63
-2,070
675
4,382
-607
1,325
-1,267
-. 1
2.4
-.7
-.8
1. 9 64
64
(1) Where not shown separately, loaa participations are included with
agency issues.
(2) These issues are outside both the budget and the O.S. Governaent
sector in flow of funds accounts. They are included in credit
aarket debt of financial institutions.
III/85 BASED 0M INCOHPLETE INFORHATION
DECEMBEB 6, 1985
O.S. Governaent Securities
U.S. Goveraaeat Securities
O.S. Goveraaent Securities Harket Suaaary
33
SEASONALLI ADJOSTED AHNUAL BATES
1980
1981
1982
SEASOHALLI ADJOSTED AHHOAL BATES
1983
1984
1
J
1984
III
II
It
1
1
I
1985
II
III
Total Het Issues, by Sector and Type
1
2
3
122.9
79.3
43.6
133-0
87.5
45.5
225.9
161.4
64.5
254.4
186.6
67.8
273.8
198.9
74-9
237. 1
172.0
65. 1
282.3
195.0
87.3
327.9
254.9
73.0
227.9
144.2
83.7
319.9
218.2
101.8
235.0 Total U.S. Governaent secur.
166.4
U.S. Governaent
Spons. agencies * atg. pools
68.6
1
2
3
4
5
6
79.8
-7.3
87.1
87.8
-4.3
92.2
162. 1
.2
162.0
186.7
3. 1
183.5
199.0
3.0
195.9
172. 1
2.7
169.4
195.1
2.7
192-3
255.0
2.0
253.0
144.2
5.2
139.1
218.2
4.9
213.3
166.4
6.0
160.4
By instruaent:
Treasury issues
Household savings bonds
Treas. excl. savings bonds
4
5
6
7
8
9
43.1
-.3
-.2
45.2
-.3
-.1
63-7
-.2
-.5
67.8
*
-
74.8
-.1
-
65. 1
*
87.3
*
73.0
•
83.6
-.1
101.7
*
68.6
*
-
10
11
24.4
19.2
30.5
15.0
14.9
49.5
1.4
66.4
30.4
44.4
28.9
36.2
40.3
47.0
21.6
51.4
25.0
58.7
27.1
74.7
3.0
65.6
Other
Budget agency issues
Loan participations (1)
7
8
9
Spons. agency issues (2)
Hortgage pool secur. (2)
10
11
235.0 Total purchases, by sector
U.S. Govt, (agency secur.)
-8.6
Sponsored credit agencies
Treasury
-9.5
Agency securities
.9
1
2
3
4
5
Total Het Purchases, by Sector- and Type
1
2
3
4
5
122-9
.7
.4
-2
133.0
-4
.2
-2
225.9
1.4
1.5
-. 1
254.4
-1.3
-.8
-.4
273-8
.6
.4
.2
237. 1
5.8
4.9
.9
282.3
-19.4
-20.7
1.3
327.9
14.6
14.7
-.1
227.9
3.9
5.8
-1.9
319-9
10.6
6
7
8
4.4
3.9
.6
9.8
9.6
.1
8.5
8.4
. 1
12.0
12.6
-.7
8.8
8.9
-.1
8.7
8.9
-.2
-7.4
-7.4
♦
19. 1
17.9
1-1
19.4
21.1
-1.6
33.4
33.7
-.3
-13.6
-13.3
-.3
9
10
11
10.7
12.3
-1.6
7.0
-2.5
9.5
12.8
-.9
13.6
16.9
14.0
2.9
26.5
7.0
19.5
26.8
19.9
6.9
22.2
-2.3
24.5
55.9
4. 1
51.8
-24.3
-18.0
-6.3
61.2
12.5
48.8
48.0
1. 1
46.9
12
13
14
107.1
64.8
42.3
115.9
71.0
44.9
203. 1
139.5
63.6
226.9
158.0
68.9
237.8
163.2
74.7
195.9
131.5
64.4
287.0
201.0
86.0
238.4
166.4
71.9
228.9
141.7
87.1
214.6
115.4
99.3
209.2
141.2
68.0
15
16
17
18
19
24.6
15.9
-7.3
23.2
8.7
29.3
21.9
-4.3
26.3
7.4
32. 1
33.3
.2
33.1
-1.2
88.3
75.5
3. 1
72.4
12.8
122.8
93.5
3.0
90.4
29.4
158.9
147.9
2.7
145. 1
11.0
155.1
108.7
2.7
106.0
46.4
79.5
44.7
2.0
42.7
34.8
84.8
20.0
5.2
14.8
64.9
135. 1
34.7
4.9
29.8
100.4
100.8
70.0
6.0
63.9
30.8
20
21
22
23
24
16.8
10.0
-7.3
17.3
6.9
30.8
24.1
-4.3
28.4
6.7
6. 1
15.4
-2
15.2
-9.2
42.2
39.4
3.1
36.3
2.8
77.0
53.5
3-0
50.5
23.5
135.5
130.6
2.7
127.9
4.9
115.0
73.7
2-7
70.9
41.4
-.8
-31.2
2.0
-33.1
30.3
30.8
-27.9
5.2
-33.1
58.7
58.5
-37.3
-42.2
95.8
-6.7
-31.7
6.0
-37.7
24.9
25
26
27
-.1
-.6
-5
-1. 1
-1.2
*
4.2
4.2
.1
5.0
5.0
♦
7.1
7.2
-. 1
3.5
3.6
-. 1
4.4
4.4
-.1
6.5
6.6
-. 1
-13.2
-13.1
-.1
6.4
6.5
-.1
28
29
30
7.9
6.5
1.4
-.4
-1.0
-6
21.7
13.8
7.9
41.2
31.1
10.0
38.7
32.7
6.0
19.9
13.7
6.2
35.7
30.6
5-1
73.9
69.3
4.6
67.2
61.0
6.3
31
32
33
25.6
15.9
9.7
11.7
1.9
9.8
27.7
20.4
7.3
46.3
45-5
.7
1.3
2.5
-1.3
-23.0
-23.4
.3
12.5
10.7
1.8
-3.4
-1.4
-2.0
34
35
36
25.0
.5
.1
11.4
.6
-.3
26.7
.8
.2
44.2
1.7
.4
1.3
-.6
.6
-23.2
-.5
.6
11.5
.3
.6
37
56.9
74.9
143.4
92.3
113.7
60. 1
92.3
36.9
55.4
113.7
67.2
46.6
60. 1
7.0
53.0
7.9
2.7
Foreign
Short-tern aarketable
Other
9
10
11
Total private doaestic
Treasury issues
Agency issues
12
13
14
Private doaestic nonfinan.
Total Treasury issues
Savings bonds (HH)
Other Treasury issues
Agency issues
15
16
17
18
19
20
21
22
23
24
2 1.9
22.0
-. 1
Nonfin. corp, business
Treasury issues
Agency issues
25
26
27
70.2
65.5
4.8
85.6
79.6
6.0
State and local govts.
Treasury issues
Agency issues
28
29
30
30.5
32.2
-1.7
28.0
18.7
9.4
1.0
9.1
-8.1
-2.7
-1.4
.7
29.9
-.1
.7
30.5
-3.2
.8
2.7
-2.5
-9
119-4
162.2
113.5
51-5
107.4
Private nonbank finance
119.4
81.6
37.8
162.2
123-2
39- 1
113.5
89.6
23-9
51.5
62.0
-10.5
107-4
62. 1
45.3
Total pvt. nonbank finance 38
39
Ireasury issues
40
Agency issues
38
39
40
56-9
33.0
23.9
74.9
47.2
27.7
41
42
43
13.8
5.7
8.1
3. 1
-3.5
6.6
37.4
7.5
29-8
45-5
15.7
29.8
30.0
10.2
19.8
26.8
-9.0
35.8
36.0
20.2
15.8
5.9
7.3
-1.4
2.4
-.5
2.9
-55.8
-21.5
-34.3
25.4
8.5
16.9
44
45
46
3.3
.8
2.5
.9
-.2
1.2
1.9
-7
1.2
9.8
3.8
6.0
.3
-.2
.5
-.9
.5
-1.5
-.5
-.5
.1
1.9
-. 1
2.0
2.5
-.7
3.1
-4.8
-1.7
-3.1
47
48
49
4.3
3.2
1.1
1.2
.7
.5
8.8
8.4
.4
10.0
10.0
*
-2. 1
-2.4
.3
-1.5
-1.6
.1
-5.4
-5.8
.3
-7.0
-7.3
.3
5.6
5.2
.4
50
51
52
2.7
1.0
1.8
5.5
2.3
3. 1
12-7
8.4
4.3
19-3
12. 1
7.2
23.6
12.6
11.0
17.9
7.5
10.4
26.4
15.0
11.5
34.0
20. 1
14.0
53
54
55
19.5
13.0
6.5
26.2
15.9
10.3
35.7
25-4
10.3
15.5
10.2
5-3
18.7
12.0
6.7
14.4
9.3
5. 1
19.9
15-3
4.6
56
57
58
9.9
6.2
3.7
11.8
6.6
5.2
19.4
9.3
10. 1
17.0
12.0
4.9
21.6
16.6
5.0
11.9
11-9
*
59
60
61
1.8
1.6
-2
2-2
1.4
.8
2.2
.6
1.5
5.5
3.3
2.2
8.1
4.9
3.2
62
63
.3
2.6
.9
23.7
2.3
22-7
.6
-18.4
64
-1.4
-.6
.4
-12-4
BILLIOHS OF DOLLABS.
6
7
8
Households
Total Treasury issues
Savings bonds
Other Treas. issues
Agency issues
4-9
143.4
85.8
57.6
Federal Beserve Systea
Treasury issues
Agency issues
Coaaercial banking
Treasury issues
Agency issues
31
32
33
34
Coaaercial banks
Foreign banking offices 35
Banks in U.S.possessions 36
37
Savings and loan assns.
Treasury issues
Agency issues
41
42
43
3.8
-. 1
3.9
Hutual savings banks
Treasury issues
Agency issues
44
45
46
5.4
4.9
.5
2.3
1-7
.6
Credit unions
Treasury issues
Agency issues
47
48
49
15.3
8.2
7.1
25.0
16.2
8.8
22.5
11.8
10.6
Life insurance coapanies 50
51
Treasury issues
Agency issues
52
26.3
19.5
6.8
22.8
22.1
.7
24.3
18.3
6.0
24.3
19.8
4.5
Private pension funds
Treasury issues
Agency issues
22.0
20.0
2.0
26.3
11.9
14.3
18.9
11-5
7.5
11.4
2.5
8.9
11. 1
4. 1
7.0
St.+local govt.rtr.funds 56
57
Treasury issues
58
Agency issues
8.6
5.4
3.2
9.4
5.8
3.6
8.5
5.5
3.0
5.5
3.3
2.2
7.6
4.8
2.8
4.7
2.8
1.9
6.4
6.2
5.6
-14.3
8.2
.7
6. 1
42.7
37.5
5.4
30.3
2.9
17.6
.8
1-0
-8.3
2.7
17-5
-2.4
5.3
-5.1
Other insurance cos.
Treasury issues
Agency issues
59
60
61
62
Hutual funds (Treasury)
Honey akt.funds (Treas.) 63
Security brokers and
64
Dealers (Treasury)
(1)
Where not shown separately, loan participations are included with
agency issues.
(2)
These issues are outside the budget and outside the O.S. Governaent
sector in flow of funds accounts. They are included ia credit
aarket debt of financial institutions.
III/85 BASED OH INCOHPLETE IHFOBHATIOH
53
54
55
DECEMBER 6, 1985
Private Securities
Private Securities
Tax-Exeapt Debt and Corporate and Foreign Securities
34
ONADJOSTED VET FLONS($ SILL)
ONADJOSTED NET FLONS (S BILL)
I
1
Ii
1984
III
IV
|
11
I
1985
II
III
1975
BILLIONS OF DOLLARS
1976
1977
1978
1979
Tax-Exenpt Debt Securities and Loans
1 Net change in liabilities
2
State and local governaents
3
Short-tera
4
Other
5
6
Households & nonprof. org.
Nonfin. corporate business
(Industrial revenue bonds)
7 Net change in assets
8
Households
9
Nonfin. corporate business
10
State+local govt. gen. funds
11,730
7,230
458
6,772
17,877
12,100
-521
12,621
30,904
17,036
-1,145
18,181
12,702
7,031
-4,373
1 1,404
28,630
21,452
796
20,656
35,926
27,178
5,161
22,017
16. 1
12. 1
-.3
12.4
15.7
11.2
-4. 1
15.2
21.9
11.8
-2.9
14.7
28.4
18. 1
.6
17.5
30.3
17.4
1.0
16.5
1
2
3
4
2,281
2,219
2,413
3,364
2,909
10,959
2,271
3,400
2,178
5,000
2,987
5,761
1.4
2.6
2-0
2.5
3.4
6.7
2.6
7.7
2-9
10.0
5
6
11,730
11,447
-105
289
17,877
9,755
57
500
30,904
18,927
-39
416
12,702
5,225
73
-162
28,630
19,290
48
223
35,926
23,945
99
-40
16. 1
6.2
-.2
2.4
15.7
2.0
-1. 1
2.4
21.9
-1.5
*
.6
28.4
4. 1
.2
-.7
30.3 7
10. 4 8
* 9
-. 5 10
9.5 11
-. 1 12
-.4 13
11
12
13
Coaaercial banking
Savings and loaa assns.
Mutual savings banks
-338
-98
-30
5,484
-75
15
7,926
34
25
-4,783
7
15
2,036
-35
1
5,728
-3
14
1.8
1.0
.6
3.0
-.3
.9
9.2
.4
9.6
.1
.5
14
15
16
17
Insurance
Life insurance coapanies
State+local govt.rtr.funds
Other insurance coapanies
-486
-46
113
-553
-622
8
-210
-420
-299
536
-469
-366
-541
-855
213
101
441
142
-181
480
992
156
33
803
4.4
.8
1.0
2.6
7.9
1. 1
1.4
5.4
11.4
.5
.2
10.7
14.3
.4
.4
13.5
18
19
Mutual funds
Brokers and dealers
1,251
-200
2,363
400
3,614
300
13,268
-400
6,02 6
600
5,191
-
-. 1
.5
.3
1.6
.2
-5
-.2
41.2
22-8
8.6
38.0
22.9
5. 1
32.8
21. 1
4.2
29.0
17.3
3. 9
1
2
3
9.8
10. 1
1.3
1.2
7.8
-. 1
7.5
.6
.7
6.4
-.2
7. 8
2. 1
1.4
4.3
*
4
5
6
7
8
32.8
-6.3
1.9
-.3
.1
29.0
-1.4
2. 6
-. 1
-1. 1
9
10
11
12
13
29.5
11. 6
12.8
3.2
2.0
14
15
16
17
18
♦
9. 9
V
♦
9.9
14
15
16
17
1.4 18
. 2 19
Corporate and Foreign Bonds
1 Net issues
2
Nonfin. corporate business
3
Foreign
9,692
6,257
814
17,950
12,531
590
30,102
18,906
2,932
18,343
13,361
584
27,696
15,741
1,994
18,845
14,565
1,380
36.7
2Z-2
6.2
4
5
6
7
8
2,621
3,517
-276
-595
-25
4,829
500
179
4,175
-25
8,264
3,570
1,365
3,354
-25
4,398
3,168
118
1,140
-28
9,961
2,313
363
7,295
-10
2,900
2,040
152
722
-14
3.2
-5
.1
2.7
-
9 Net purchases
10
Households
11
Foreign
12
Coaaercial banking
13
Mutual savings banks
9,692
-7,197
2,349
497
-848
17,950
-392
3,628
1,543
-48
30,102
6,893
8,881
693
-336
18,343
12,543
9,960
738
344
27,696
18,845
-9,566 -12,918
6,391
10,224
3,597
2,560
-287
-474
36.7
6.3
1.8
3.5
-.6
2-8
38.0
-.2
3.8
V
1.2
14
15
16
17
18
Insurance
Life insurance coapanies
Private pension funds
St.+loc. govt. rtr. funds
Other insurance coapanies
12,654
6,377
1,330
4,081
866
12,879
5,762
3,379
2,857
881
8,745
5,401
36
2,560
748
-513
6,382
629
-8,130
606
20,507
7,685
60 0
11,728
494
10,690
5,729
800
3,809
352
22-5
9. 1
4.4
6.8
2.2
26.6
16.9
.7
5. 1
3.9
32.0
18.8
3.6
6.0
3.7
38.4
17.3
10.3
9-0
1.8
19
20
Mutual funds
Brokers and dealers
1,105
1,132
-204
544
3,765
1,461
-3,009
-1,720
5,731
1,323
9,787
-1,024
-7
1.2
-3
-5
1. 1
-2
-. 7
-.4
.8 19
-1.5 20
6,822
23,234
10.6
-.3
10.6
-2.4
6.5
.9
1-7
-. 1
-4.3
. 1
1
2
Other sectors
-25,116 -14,693 -15,923 -17,844 -15,210 -16,412
Nonfin. corporate business -26,382 -16,800 -17,925 -21,075 -16,775 -18,750
Foreign
729
716
7
1,890
219
987
Coaaercial banks
21b
202
209
223
230
237
Other insurance coapanies
707
683
761
781
79 5
829
Reits
374
408
363
337
321
285
10.9
9-9
.2
1.0
1.0
-1.1
13. 1
10.5
.3
1. 6
.9
-.3
5.6
2.7
-4
.6
1.4
.6
1.8
-. 1
-.5
1. 1
.8
.4
-4.3
-7.8
.8
1.3
.9
.5
3
4
5
6
7
8
10.6
-4.7
-.3
-4.4
10. 6
-5.0
-2.4
-2.6
6.5
-4.0
-9
-4.8
1.7
-5.4
-. 1
-5.3
-4.3 9
-18. 8 10
. 1 11
-18. 9 12
1.7 13
* 14
-. 1 15
Total finance
Coaaercial banking
Savings and loan assns.
Finance coapanies
Reits
.6
6.9
. 1
3. 1
-.2
41.2
10.8
.9
Corporate Eguities
1 Net issues
2
Hutual funds
3
4
5
6
7
8
9 Net purchases
Households
10
Hutual fund shares
11
12
Other eguities
13
14
15
Foreign
Coaaercial banking
Hutual savings banks
16
17
18
19
20
Insurance
Life insurance coapanies
Private pension funds
St. +loc. govt. rtr. funds
Other insurance coapanies
21
22
Hutual funds
Brokers and dealers
-18,838
6,278
-6,839
9,084
5,347
23,191
7,705
22,915
-18,838 -6,019 -6,839
5,347
7,70 5
6,822
-13,601 -10,330 -13,462 -7,350
-555
5,453
8,674
6,278
9,084 23,191 22,915 23,234
-19,879 -19,004 -22,546 -30,541 -17,462 -23,789
-472
-26
-1,563
-4
-77
-1,211
-71
-163
-1,197
65
101
543
5
140
1,427
1
-39
4.7
.2
2.8
*
- 1
2.7
*
.4
2.4
*
.1
-6,669
-167
-4,800
-253
-1,449
3. 159
486
700
3,240
-1,267
6, 184
-3
2,600
3,862
-275
1 1,711
1,619
3,915
6,179
-2
-2,282
1,437
31 1
-4,082
52
6,239
900
1,914
2,803
622
10.2
1.9
6-7
2-4
-.7
14.7
3.0
7.7
3. 1
.9
10.9
1-2
4.9
3.7
1.2
6.6
-. 1
2. 1
2.6
2.0
797
1,133
2,252
544
423
1,461
3,737
-1,720
2,522
1,324
774
-1,025
-.9
1.2
-2.4
-5
-3.7
.2
-1.6
-.4
III/85 BASED ON INCOMPLETE INFORMATION
-6,019
8,674
♦
17. 2
.6
9.3
4. 1
3.2
16
17
18
19
23
-2. 8 21
-1.5 22
DECEMBER 6, 1985
Private Securities
Private Securities
Tax-Exenpt Debt and Corporate and Foreign Securities
35
SEASONALLI ADJUSTED ANNUAL BATES
SEASONALLI ADJUSTED ANNUAL BATES
1980
1981
1982
1983
1984
|
1
II
1984
III
1
|
IT
1985
II
I
III
Tax-Exenpt Debt Securities and Loans
145.8 Net change in liabilities
State and local governaents
110.8
18.7
Short-tern
92.1
Other
1
2
3
4
30.3
16.3
1.7
14.6
23-4
5.5
1.1
4.4
48.6
25.0
5.7
19.2
57.3
36.5
-.5
37.6
65.8
37.2
-3.0
40.2
35.7
17.7
-4.4
22.0
72.3
49.2
-4.5
53.6
113.0
57.5
-4.8
62.3
73.9
51.2
-8.1
59-3
103.2
74.4
-3.2
77.7
5
6
3.1
10.9
4.4
13.4
8.5
15.1
11.4
9.4
10.0
18.5
9. 1
8-9
9.7
13.5
11.6
43.8
9.1
13-6
8.7
20.0
7
8
9
10
30-3
7.0
-.2
.2
23.4
11.0
57.3
42.3
-7
.6
65.8
40.6
-.1
1.7
35.7
30.9
-.4
1.2
72.3
42.0
-2
2.0
113.0
74.4
-.2
1.7
73.9
36.1
.3
-.6
103.2
61.7
.2
.1
48.6
28.9
.1
-2
11
12
13
13.6
-.5
5.0
-1
-.1
4.7
-.5
.2
3.9
.1
-.3
12.5
-.2
-.1
2.7
-.4
-. 1
19.5
-.3
.1
23.0
.1
. 1
-12.2
*
.1
12.8
-.1
•
20-5
•
.1
14
15
16
17
8.1
.3
-1
7.7
4.2
-5
-.2
4.0
4.2
1-9
-.7
3-0
-.5
.9
-1. 1
-.3
-2.6
-.2
-.4
-1.9
-2.3
-.6
.5
-2.2
-2.2
-3
-.8
-1.7
-1.9
1.5
-1.9
-1.5
-1.2
-2.4
.9
.4
1.3
.1
-.7
1.9
4.3
1.0
.1
3.2
18
19
2.0
*
2.9
.2
10.9
-.2
10.3
.4
13.4
.6
5.0
-.8
9.5
1.6
14.5
1.2
53.1
-1.6
24. 1
2.4
20.8
-
♦
#
.9
11.9
23.0
Households 6 nonprof. org.
Nonfin. corporate business
(Industrial revenue bonds)
1
2
3
4
5
6
7
145.8 Net change in assets
8
Households
99.9
.4
Nonfxn. corporate business
9
-.2
State+local govt. gen. funds 10
Conaercxal banking
Savings and loan assns.
Mutual savings banks
11
12
13
Insurance
Lxfe insurance conpanies
State+local govt.rtr.funds
Other insurance conpanies
14
15
16
17
Mutual funds
Brokers and dealers
18
19
74.2 Met issues
Nonfin. corporate business
56.9
5.5
Foreign
1
2
3
Corporate and Foreign Bonds
1
2
3
29.3
2b.7
.8
30.7
21.8
5.4
35.0
18-7
6.7
28.4
16.0
3.8
64.8
42.3
4. 1
48. 1
28.9
3.3
71.4
49.4
2.4
112.5
70-9
11.7
69.7
53.7
2.3
124.7
69-2
8.0
4
5
6
7
8
1.8
1.5
.4
.1
-.2
3-5
1.2
-.5
3.6
-.7
9.7
1. 1
.2
8.4
*
8.6
4.9
♦
18.5
8.2
1-2
9.2
-. 1
15.9
14. 1
-1. 1
3.0
-. 1
19.7
2-0
.7
17.0
-. 1
29-8
14.3
5.5
10.2
-. 1
13.7
12.7
.5
.7
-.1
47.5
9-3
1.5
36.9
a
9
10
11
12
13
29.3
-11.0
8.2
.6
.7
30.7
-3.9
8.4
-1.0
35.0
3.9
10.6
1.9
-1. 1
28.4
-9.2
4.9
3.9
3.0
64.8
*
16.4
4.7
-1.5
48. 1
-14.0
9.4
2.0
-3. 4
71.4
-5.7
14.5
6.2
-.2
112.5
22.7
35.5
2.8
-1.3
69.7
41.8
39.8
3-0
1.4
124.7
-19.0
25.6
14.4
-1.1
14
15
16
17
18
29-0
8.7
10-7
9.5
*
22-8
7.3
3.4
9.2
2.8
20-3
16.2
1.1
3.5
-.5
17.7
16.7
5.8
-.7
-4.2
37.9
23.7
2.2
9.3
2.6
46.8
21.7
5.3
16.3
3. 5
53.8
25-4
13.5
11.4
3-5
38.9
25.5
.1
10.2
3.0
-4.5
23.0
2.5
-32.5
2.4
77.9
26.7
2.4
46.9
2.0
45.3
25.4
3-2
15.2
1.4
Insurance
Life insurance conpanies
Private pension funds
St.+loc. govt. rtr. funds
Other insurance conpanies
14
15
16
17
18
19
20
1.3
.7
1.6
2.7
.2
-.7
2.7
5.4
3.6
3.7
4.4
2.8
-.8
3.7
15. 1
-1.1
-12.0
.3
22-9
4.0
39.1
-2.8
Mutual funds
Brokers and dealers
19
20
27.9 Net issues
Mutual funds
93.5
♦
♦
3.6
11.7
8.2
.6
3.0
-. 1
Total finance
Connercial banking
Savings and loan assns.
Finance conpanies
Bexts
74.2 Net purchases
-56.7
Households
40.9
Foreign
10.2
Connercial banking
-1.9
Mutual savings banks
4
5
6
7
8
9
10
11
12
13
Corporate Equities
1
2
21.9
5.2
-3.0
6.3
35.3
18.4
67.8
32.8
-33.1
37.7
-71.8
28.7
-23.4
35.4
-27.6
36. 1
16.9
88.3
34.9
95.8
3
4
5
6
7
8
16.8
12.9
2.1
.4
1.2
.3
-9.3
-11.5
.3
-5
1. 1
-3
16.9
11.4
1.5
.6
2.8
.6
35.0
28.3
4.0
.7
1.5
.4
-70.8
-77.0
1. 1
.8
2-8
1.4
-100.5
-105.5
*
.8
2.7
1.5
-58.8
-67.2
2.9
.8
3.0
1.6
-63.7
-71.7
2-9
.9
2.8
1.5
-71.4
-84.3
7.6
-9
3-1
1.3
-60.8
-67. 1
.9
.9
3.2
1.3
-65.6
-75.0
3.9
.9
3.3
1. 1
9
10
11
12
21-9
-8.3
5-2
-13.5
-3.0
-29.7
6.3
-36.0
35.3
-5.7
18.4
-24. 1
67.8
6.0
32.8
-26.8
-33. 1
-41.6
37.7
-79-2
-71.8
-55.4
28.7
-84. 1
-23.4
-40.6
35-4
-76.0
-27.6
-41.2
36.1
-77-3
16.9
-43.3
88.3
-131-6
34.9
18.6
95.8
-77. 1
27.9 Net purchases
Households
.3
Mutual fund shares
93.5
Other equities
-93.3
9
10
11
12
13
14
15
5.4
*
-.5
5.8
-. 1
—.6
3.9
*
-.5
5.4
*
.3
-2.7
-- 1
-.2
-2.3
-. 1
-4. 1
*
-.3
-4.3
-.3
-.7
-7.2
.3
.4
1.9
7.9
.6
—.2
Foreign
Connercial banking
Mutual savings banks
13
14
15
16
17
18
19
20
26.6
.5
17.7
5.3
3.1
19.4
2-9
5.4
9.1
2.0
34.7
3.4
20. 1
8.6
2.7
37.0
3.1
15.3
16.5
2. 1
1.8
.7
-2-6
7.0
-3.3
-21.8
-.7
-14.3
-1.0
-5.8
10.2
1-9
.4
13.0
-5.1
17.5
3.1
15.4
-1. 1
53.2
6.5
22-0
24.7
♦
-2.4
5-7
8.0
-16.3
.2
21.0
3-6
3-7
11-2
2.5
Insurance
Life insurance conpanies
Prxvate pension funds
St.+loc. govt. rtr. funds
Other insurance conpanies
16
17
18
19
20
21
22
-1.8
.7
-. b
3.5
-.7
13.7
5.4
5.9
3.7
4.9
2. 8
7.8
3.7
2.5
-1. 1
13.3
.3
12. 3
4.0
1-7
-2.8
Mutual funds
Brokers and dealers
21
22
2.7
BILLIONS OF DOLLARS.
III/85 BASED ON INCOHPLETE INFORMATION
♦
♦
♦
Other sectors
Nonfxn. corporate business
Foreign
Connercial banks
Other insurance conpanies
Bexts
1
2
3
4
5
6
7
8
DECEMBER 6, 1985
Hortgages - 1
Hortgages - I
36
Hortgage Markets by Type of Hortgage
OBADJUSTED HET FLOWS(S HILL)
OHADJOSTED HET FLOHS (S HILL)
)
|
11
1984
111
IT
|
I
I
1985
II
BILLIOHS OF DOLLABS
III
1975
1976
1977
1978
1979
126.2
94.0
7.0
18. 1
7. 1
152. 1
113.6
9.4
22.0
7.2
166. 1
121.7
8.2
24.4
11.8
1
2
3
4
5
Total Hortgages
1 Het change in nortgages
2
Bone nortgages
3
Multi-fanily resid.
4
Connercial
5
Farn
63,277
39,969
4,843
17,464
1,001
56,103
35,225
2,331
17,758
789
49,906
32,840
3,688
13,462
-84
44,091
29,624
4,784
9,837
-154
54,774
37,814
2,667
14,822
-529
53,467
39,164
3,213
13,218
-2,128
57.9
42.0
11.2
4.6
85.4
63.9
3.9
11.9
5.7
6 Borrowings by:
0.S. Governnent
7
Beits
8
63,277
-24
-22
56,103
-28
-23
49,906
-11
-16
44,091
-25
-5
54,774
-20
-1
53,467
-13
9
57.9
-.1
.4
85.4
-. 1
.4
126.2
-. 1
*
152. 1
-. 1
.2
166. 1
-. 1
*
6
7
8
63,323
34,455
610
28,258
1,001
24,544
2,713
56,154
33,507
612
22,035
789
20,372
874
49,933
34,734
607
14,592
-84
15,692
-1,016
44,121
35,382
605
8,134
-154
1 1,234
-2,946
54,795
32,208
60 2
21,985
-529
19,818
2,696
53,471
36,612
599
16,260
-2,128
17,243
1,145
57.6
40.6
1.0
16.0
4.6
12.5
-1. 1
85. 1
61.4
.8
22-9
5.7
14.8
2.4
126.3
90.8
1.1
34.4
7. 1
23.8
3.5
152. 1
112.9
1.3
37.9
7.2
26.6
4. 1
166.2
123.0
1.5
41.8
11.8
28-6
1.4
9
10
11
12
13
14
15
63,277
3,342
1,179
56,103
4,299
1,426
49,906
2,271
1,719
44,091
394
1,685
54,774
1,326
1,350
53,467
-2,856
1,350
57.9
6.5
1.6
85.4
7.4
1.3
126.2
8. 1
.6
152- 1
14.8
2.5
166. 1 16
20.2 17
6.5 18
243
2,669
7,680
-1,031
1,807
12,194
1,577
3,708
13,449
201
5,027
15,046
491
2,782
17,057
549
1,609
16,835
6.5
5.3
7.1
.4
2.9
12.2
4.2
3.5
16. 1
4.2
12.2
13.6
6.6 19
14.4 20
23. 1 21
48,164
12,605
30,457
27,976
2,352
129
37,408
11,432
24,949
22,453
2,366
130
27,182
11,525
13,726
12,243
1,353
130
21,738
8,664
10,733
9,132
1,470
131
31,768
12,512
14,408
12,707
1,570
131
35,980
12,271
19,011
15,948
2,931
132
30.9
3.8
30-2
27.4
2.3
-5
61.2
15. 1
47.6
42.7
4.4
-5
93.8
27.4
61.9
55.1
6.5
.3
104.8
35. 1
57.8
50.8
6.4
.6
95-4
30.6
48.2
44.0
3.6
-6
22
23
24
25
26
27
2,552
2,400
-133
209
76
2,328
222
2,171
1,957
121
33
60
-1,365
221
1,849
1,481
23
295
50
-140
222
1,670
1,463
120
58
29
450
221
3,511
3,323
120
50
18
1,116
221
3,250
3,200
50
1,300
148
2.8
2.9
*
-.2
.1
-1.3
-4.8
2.6
2.4
*
-2
.1
—.4
-3.8
5.8
5-2
.1
.3
. 1
1.2
-2.4
10. 1
9.3
.2
-5
*
3.0
-1. 1
14.0
12.3
.4
1.0
.3
3.5
-1. 0
28
29
30
31
32
33
34
70
4,938
6,116
-4.0
-2.0
4.3
12.5
9
10
11
12
13
14
15
Private nonfinancial sectors
Households
Nonprofit institutioas
Honfinancial business
Faras
Nonfara noncorporate
Corporate
16 Funds advanced by:
17
Households
18
St.+loc- govt. gen. funds
19
20
21
O.S. Governnent
Sponsored credit ag.
Hortgage pools
22
23
24
25
26
27
Private finan. institutions
Connercial banking
Savings institutions
S+1 associations (1)
Hutual savings banks
Credit unions
28
29
30
31
32
33
34
(1)
Insurance
Life insurance conpanies
Private pension funds
St.+loc. govt. rtr.funds
Other insurance cos.
Finance conpanies
Beits
35 (1) Heao: FHLB loans to s+1
8,251
7,146
1,616
associations (included in “other loans” category)
V
9.2 35
Hoae Hortgages
1 Net borrowing
2
Households
3
Noafara noncorp, business
4
Nonfin. corporate business
39,969
34,455
2,757
2,757
35,225
33,507
859
859
32,840
34,734
-947
-947
29,624
35,382
-2,879
-2,879
37,814
32,208
2,803
2,80 3
39,164
36,612
1,276
1,276
42.0
40.6
.7
-7
63.9
61.4
1.2
1.2
94.0
90.8
1.6
1.6
113.6
112.9
-4
-4
121.7
123.0
-.6
-.6
1
2
3
4
5 Het change in assets
6
Households
7
State and local governaents
39,969
2,088
1,152
35,225
3,155
1, 154
32,840
1,454
1,598
29,624
-1,016
1,522
37,814
189
1,200
39,164
-3,259
1,200
42.0
5.8
.8
63.9
4.8
.8
94.0
5.4
.2
113.6
12.0
2.0
121.7
16.2
4.7
5
6
7
10
1,934
7,230
4,972
-285
1,459
11,499
3,011
834
3,819
13,692
2,980
204
4,932
14,143
2,372
56
3,247
16,667
4,598
348
2,782
16,725
4,265
4. 1
2.5
7.3
2. 1
-.7
-5
11.9
9.2
2.5
-5
15.7
18.9
1.9
9.0
12.4
24. 1
2.3 8
9.2 9
21.8 10
20.0 11
21,235
19,405
1,701
129
16,790
15,149
1,511
130
8,555
7,432
993
130
7,478
6,333
1,014
131
11,014
9,800
1,083
131
15,663
13,509
2,022
132
Z2.3
21.0
.8
.5
38.8
35.2
3. 1
-5
52-0
46.8
4.9
.3
50.0
44.6
4. 8
.6
42.8
39.4
2.8
.6
12
13
14
15
-528
-480
-26
-22
-272
-233
-14
-25
-110
-24
-80
-6
-295
-280
-10
-5
-28 8
-278
-10
-
130
130
-
-1.9
-1.4
-. 1
-.4
-1. 6
-1.5
-. 1
-1.3
-1.4
V
. 1
-.2
—.3
-2
-. 1
2. 3
1.7
.3
.3
16
17
18
19
1,870
6
-1,291
5
14
4
268
16
1, 116
15
1,300
10
-.5
-.5
-4
-.2
.4
-.2
2.7
-.2
2.7 20
-.2 21
8
9
10
11
O.S. Governnent
Spons. credit agencies
Hortgage pools.
Connercial banking
12
13
14
15
Savings institutions
Savings and loan assns.
Mutual savings banks
Credit unions
16
17
18
19
Insurance
Life insurance conpanies
Private pension funds
St.+loc. govt. rtr. funds
20
21
Finance conpanies
Beits
III/85 BASED OH INCOHPLETE INFOBHATION
♦
DECEHBEB 6, 1985
Mortgages - I
Bortgages - I
Mortgage Markets by Type of Hortgage
37
SEASOBALLI ADJUSTED ANNUAL SATES
SEASOVALLI ADJUSTED AHBUAL BATES
1981
1982
1983
1984
1
|
1984
1
1980
II
III
I»
1
1985
I
II
III
Total Mortgages
1
2
3
4
5
129-3
93-8
6.9
19.2
9-3
108.4
71.6
4.7
22.2
9.9
86.2
50.4
5.2
25.3
5.3
175.6
115.6
9.4
47.7
3.0
213.9
139.2
13.9
58.8
2.1
240.4
152.9
19.6
65.5
2.4
211.3
131.8
9.4
67.3
2.8
207.6
135.2
14.5
56.5
1.4
195.3
130.6
19.2
45.7
-.1
203.9
142.8
10.9
53.8
-3.6
201.4 Bet change in mortgages
149. 1
Hose aortgages
Hulti-fasily resid.
12.9
48.5
Coaaercial
-9.1
Fara
1
2
3
4
5
6
7
8
129-3
-.1
*
108.4
-. 1
*
86.2
-. 1
-1
175.6
-.1
*
213.9
-.1
-.1
240. 4
-. 1
-- 1
211-3
-.1
-.1
207.6
♦
-.1
195-3
-.1
*
203.9
-.1
*
201.4 Borrowings by:
-. 1
U.S. Governaent
*
Beits
6
7
8
9
10
11
12
13
14
15
129.4
95.4
1-9
32-1
20.8
2-0
108.5
74.4
2-3
31.9
9.9
23.9
-1.9
86.2
49.5
2.6
34.0
5.3
30.0
-1.3
175.7
110. 1
2.5
63. 1
3.0
57.2
2.9
214.1
138.5
2.5
73.1
2.1
70.7
.3
240.6
150.4
2.4
87.8
2.4
84.3
1. 1
211.5
134.5
2.4
74.6
2.8
73.0
-1-3
207.7
136.6
2.4
68.6
1.4
68.2
-1.0
195.5
129.9
2.4
64.0
-.1
63.6
-5
203.9
141.3
2.4
60.3
-3.6
63-5
.3
201.5
148.7
2.4
50.4
-9.1
59.8
-.3
16
17
18
129.3
18.4
9.8
108.4
20.6
7.7
86.2
16.4
5.2
175.6
-.1
6.0
213.9
10.7
5.7
240.4
13.7
4.7
211.3
16.8
5.7
207.6
9.7
6.9
195.3
1.2
6.7
203.9
5.7
5.4
201.4 Funds advanced by:
Households
-12.0
St.+loc. govt. gen. funds
5.4
19
20
21
7.5
14-2
19-2
4.9
12.6
15.0
2.4
14. 1
49.5
1-2
10.4
66.4
.5
12.3
44.4
.3
10.5
36.2
-4.3
8.0
47.0
6.2
13-5
51.4
1.9
21-2
58.7
1.3
10-9
74.7
2.0
7.4
65.6
22
23
24
25
26
27
60.3
17-5
29.4
28-3
.6
.5
47.5
21-6
17.8
17.7
-.4
.5
-1.5
16.0
-25.6
-23.6
-2.5
.5
91.8
29.2
50.9
47.1
3.3
-5
140.2
44.6
85.2
77.5
7.2
.5
175.Q
44.2
112-3
102. 1
9-6
.5
138.2
42.0
90.7
81.0
9.1
.5
120.0
46.Q
67.0
61.3
5.2
-5
105.6
45.8
49.0
42.4
6.1
-5
105.9
42.5
46.7
39.8
6.5
.5
133.1
45.7
66.9
5S.0
11.3
-5
28
29
30
31
32
33
34
14.7
12-7
.4
1-3
-3
-.6
-.7
9.0
6.7
.3
1.6
-4
.2
-1.1
6.0
4.2
.3
1.3
.3
2.2
♦
10.7
9.0
.1
.9
.7
-9
-1
7.5
6.3
.3
.6
-3
2.1
.9
10.6
10.0
-.5
.8
-3
6-9
-9
9.2
8.4
.4
-1
-2
-4.6
.9
4.8
3.3
-1
1.2
.2
1.3
-9
8.5
7.7
.5
-2
.1
1.4
-9
14-3
13.5
.5
.2
-1
1.4
-9
13.5
13.4
-.1
.2
6.5
.6
35
7-1
16.2
.8
-7.0
15.7
24.5
24.5
6.4
9-3
Private nonfinancial sectors
Households
Bonprofit institutions
Nonfinancial business
Faras
Nonfara noncorporate
Corporate
U.S. Governaent
Sponsored credit ag.
Hortgage pools
(1)
Private finan. institutions
Coaaercial banking
Savings institutions
S+1 associations (1)
Mutual savings banks
Credit unions
Insurance
Life insurance coapanies
Private pension funds
St.+loc. govt, rtr.funds
Other insurance cos.
Finance coapanies
Beits
13.5
9.9
20. 1 (1) Meao: FHLB loans to s+1
associations (included in "other loans" category).
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
Hose Mortgages
1
2
3
4
93.8
95.4
-.8
-.8
71.6
74.4
-1.4
-1.4
50.4
49.5
.4
.4
115.6
110. 1
2.8
2.8
139.2
138.5
-3
.3
152.9
150.4
1-3
1.3
131.8
134.5
-1.4
-1.4
135.2
136-6
-.7
-.7
130.6
129.0
.8
.8
142.8
141.3
..8
.8
149. 1 Bet borrowing
Households
148.7
Nonfara noncorp. business
.2
Nonfin. corporate business
.2
1
2
3
4
5
6
7
93.8
16.6
7-9
71.6
17.8
5.8
50.4
13.0
3.0
115.6
-3.4
5. 1
139.2
6.7
5.2
152-9
8.4
4.6
131.8
12.6
4.6
135.2
5.8
6.4
130.6
-4. 1
6.1
142.8
.8
4.8
149. 1 Net change in assets
Households
-13.0
4.8
State and local governaents
5
6
7
8
9
10
11
2.7
7.6
18-7
11-0
2.4
5-1
14.3
9.9
1.5
10.3
49.3
2.7
.7
9.4
65.2
8.7
.6
11.2
43.4
13.6
-.2
8.3
34.4
15.7
-1.5
6.5
44.2
11.0
3. 1
13.2
52.4
9.5
1-7
20.7
55-1
17.7
*
13.5
73. 1
13.2
1.0
12. 1
to 5. 2
16.6
U.S. Governaent
Spons. credit agencies
Mortgage pools
Coaaercial banking
8
9
10
11
12
13
14
15
27-8
26.2
1.1
.5
16.6
15.8
.3
.5
-31.3
-30.4
-1.4
.5
30.5
25.1
4.9
.5
58.5
52-8
5. 1
.5
78. 1
70.8
6.8
.5
60.0
53.5
6.0
-5
43.8
39.6
3.6
-5
33.7
28.7
4.4
.5
36.4
31.7
4.2
.5
55.9
47.2
8-1
.5
Savings institutions
Savings and loan assns.
Hutual savings banks
Credit unions
12
13
14
15
16
17
18
19
2-5
1-8
-2
-4
-.4
-.7
.1
.3
-.2
-.5
.1
.1
-1.5
-1.4
♦
♦
-1.4
-1.1
-.2
-. 1
-1.5
-1.3
-. 1
-. 1
-1.3
-1.1
-.1
-.1
-1.0
-.6
-.3
*
-1.0
-.9
-.1
*
-.4
-.5
•
-
.2
-3
-. 1
Insurance
Life insurance coapanies
Private pension funds
St.+loc. govt. rtr. funds
16
37
18
19
20
21
-.9
-.1
.2
-- 1
2.2
*
.9
*
1.4
*
5. 1
-4.3
*
1.9
*
.7
.1
1.4
.1
6.5
*
Finance coapanies
Bei ts
20
21
BILLIONS OF DOLLABS-
♦
III/85 BASED OH INCOMPLETE INFOBHATION
DECEMBER 6, 1985
Mortgages - ii
Mortgages - II
38
Mortgage Markets (Continued)
UNADJUSTED MET FLOWS($ HILL)
□NADJUSTED MET FLONS($ MILL)
I
1
II
1984
III
IV
|
I
I
1985
II
1975
III
BILLIOHS OF DOLLABS
1976
1977
1978
1979
Multi- Faaily Residential Hortgages
1 Met borrowing
2
Nonfara noncorp. business
3
Nonfin. corporate business
4
Beits
5
O.S. Governaent
4,843
4,847
27
-7
-24
2,331
2,310
57
-8
-28
3,688
3,760
-56
-5
-11
4,784
4,894
-83
-2
-25
2,667
2,839
-15 2
-20
3,213
3,428
-205
3
-13
•
-.3
.3
.1
-.1
3.9
2.7
1.2
.1
-. 1
7.0
5. 1
2.0
*
-. 1
9.4
6.7
2.7
V
-.1
8.2
5.9
2.4
*
-. 1
1
2
3
4
5
6 Met change in assets
7
Households
8
State and local governaents
4,843
235
12
2,331
203
191
3,688
112
134
4,784
671
103
2,667
292
100
3,213
350
100
*
-.3
.7
3-9
.2
.3
7.0
.4
.3
9.4
.6
.4
8-2
.5
1.4
6
7
8
-6
453
488
665
-509
124
427
-273
273
229
17
1,349
-239
242
903
1,758
210
525
347
-276
11
522
248
265
1-2
.2
-4
-1.7
-2
-. 1
.5
2.2
-3
-1
.9
1. 1
-9
*
1.5
1. 1
1. 1 9
-2 10
1.2 11
.9 12
2,874
2,714
160
2,264
1,976
288
1,250
1,195
55
1,115
924
191
1,335
1,131
20 4
1,333
952
381
2.6
1.7
.9
3.3
2.9
.4
4.9
4. 1
.8
4.3
3.5
.8
2- 1 13
1.5 14
.6 15
-55
4
19
-200
48
19
189
69
16
26
30
-20
19
30
-
327
-
*
*
.2
-.5
*
-.4
*
-.2
-2
-. 1
.6
-2 16
* 17
.6 18
55
99
-68
105
-57
107
111
84
85
57
-.8
-2.6
-.5
-1.7
-3
-.8
-3
-.5
-3 19
-.2 20
9
10
11
12
O.S. Government
Spons. credit agencies
Mortgage pools
Coaaercial banks
13
14
15
Savings institutions
Savings and loan assns.
Mutual savings banks
16
17
18
Life insurance coapanies
Private pension funds
St.+local govt. rtr. funds
19
20
Finance coapanies
Reits
Coanercial Mortgages
1 Net borrowing
2
Households
3
Nonfara noncorp. business
4
Nonfin. corporate business
5
Beits
17,464
610
16,940
-71
-15
17,758
612
17,203
-42
-15
13,462
607
12,879
-13
-11
9,837
605
9,219
16
-3
14,822
602
14,176
45
-1
13,218
599
12,539
74
6
11-2
1.0
12.0
-2. 1
.3
11.9
.8
10.8
.3
18.
1.
17.
-.
6 Net change in assets
7
Households
8
State and local governments
9
U.S. Governaent
10
Coaaercial banking
17,464
778
22
70
6,643
17,758
801
80
-153
8,492
13,462
655
3
99
6,908
9,837
780
58
46
4,397
14,822
84 5
50
75
7,879
13,218
772
50
9
7,411
11.2
-.3
18. 1
-9
.5
3. 1
11.9
.7
*
.4
3.4
»
22.0
1-3
19.5
1. 1
.1
24. 4
1.5
23.3
-.4
*
.6
6.3
22.0
1.3
*
.6
9.2
24.4 6
1. 1 7
.2 8
.8 9
9.7 10
1
1
1
1
♦
♦
1
2
3
4
5
11
12
13
Savings institutions
Savings and loan assns.
Mutual savings banks
6,348
5,857
491
5,894
5,328
566
3,921
3,616
305
2,140
1,875
265
2,059
1,776
283
2,014
1,487
527
5-3
4.6
.7
5.6
4. 6
.9
4.9
4.2
-7
3.5
2.7
.8
3-3 11
3. 1 12
.2 13
14
15
16
17
Life insurance coapanies
Private pension funds
St.+local govt. rtr. funds
Other insurance coapanies
2,906
-111
212
76
2,353
87
39
60
1,493
34
285
50
2,012
100
83
29
3,625
100
50
18
2,831
50
-
3.9
.1
.3
.1
3.7
.1
.2
.1
5.5
.1
.4
.1
7.8
8-7
.1
.2
.3
18
19
Finance coapanies
Beits
403
117
-6
111
-97
111
71
121
121
81
-1.8
-.3
-1-8
.6
-1.3
.1
-.5
♦
.1
*
14
15
16
17
.5 18
-.5 19
Farm Hortgages
1 Net borrowing
1,001
789
-84
-154
-529
-2,128
4.6
5.7
7. 1
7.2
11.8
1
2 Net change in assets
3
Households
4
State and local governaents
1,001
241
-7
789
140
1
-84
50
-16
-154
-41
2
-529
-
-2,128
-719
-
4.6
1.4
*
5-7
1.7
.1
7. 1
1.4
*
7.2
.9
.1
11.8
2.4
-2
2
3
4
2.3
5. 1
.1
5
6
7
5
6
7
U.S. Governaent
Sponsored credit agencies
Hortgage pools
169
282
-38
-84
224
268
371
-340
-260
190
-147
150
-990
43
181
-1,695
-138
.7
2.6
— .6
.6
2.5
—.2
.8
2.9
-.5
.8
3.2
—.3
8
9
10
11
Coaaercial banks
Mutual savings banks
Life insurance coapanies
St.+local govt. rtr. funds
325
29
-
202
1
37
-
288
-177
-
137
-295
-
31 1
-43
-
330
1
-88
.3
*
.4
—.2
.4
V
.7
*
1.0
*
1.4
*
1.6
V
III/85 BASED OM INCOMPLETE INFORMATION
-
-7
#
.1 8
* 9
1. 6 10
* 11
DECEMBER 6, 1985
Mortgages - II
Hortgages - II
Mortgage Markets (Contiaued)
39
SEASONALLY ADJOSTED ANHUAL BATES
1980
1981
1982
SEASONALLI ADJUSTED ANNUAL BATES
1983
1984
1
|
II
1984
III
IT
|
|
I
1985
II
III
Hulti-Paaily Besidential Mortgages
1
2
3
4
5
6-9
4.0
3-0
*
-.1
4-7
4.1
.8
*
-.1
~-6
♦
-. 1
9-4
8.6
.8
*
-.1
13.9
13.8
.2
*
-. 1
19-6
19.6
- 1
•
-. 1
9-4
9.3
-2
*
-.1
14-5
14-7
-.2
*
•
19-2
19-6
-.3
*
-.1
10-9
11.6
-.6
-.1
12.9 Net Borrowing
Nonfara noncorp- business
13-8
-.8
Nonfxn. corporate business
*
Beits
-.1
U.S. Governaent
1
2
3
4
5
6
7
8
6-9
.6
1.5
4.7
-1
1-2
5.2
1-0
1-4
9.4
.5
.5
13-9
.7
.4
19-6
.9
♦
9-4
.8
.8
14.5
.4
-5
19-2
2-7
.4
10-9
1-2
-4
12.9 Net change xn assets
1.4
Households
.4
State and local governaents
6
7
8
9
10
11
12
1.9
-2
-7
1-7
1.0
-.1
-9
2.1
-.3
-.1
-4
1-4
-.3
-. 1
1.2
1-9
-.7
.9
1- 1
3.2
*
1.8
2-0
2.7
-2-0
.5
1.7
-1.1
1. 1
-9
.1
5-4
-1.0
1.0
3-6
7-0
.8
2-1
1.4
-1.1
*
2.1
1-0
1. 1
U.S. Governaent
Spons. credit agencies
Mortgage pools
Coaaercial banks
9
10
11
12
13
14
15
♦
.6
-.6
-.7
-.4
-.2
1. 1
2-0
-.9
5.0
7.0
-2.0
7-9
7.4
-5
11.5
10.9
.6
9-1
7-9
1-2
5-0
4.8
.2
4.5
3-7
.8
5-3
4-5
.8
5.3
3.8
1.5
Savings institutions
Savings aad loan assns.
Mutual savings banks
13
14
15
16
17
18
-3
-.2
-5
-.2
*
-9
-.4
♦
-6
.3
♦
.6
-.1
.1
.1
♦
*
.1
-.8
.2
-1
-5
.3
-1
-1
-1
-.1
-3
-1
-
1-4
*
-
Life iasurance coapanies
Private pension funds
St.♦local govt. rtr. funds
16
17
18
19
20
-2
-.3
-.1
-.3
. 1
*
-.4
.1
*
.4
.2
.4
-.3
.4
-.2
.4
.4
.3
.3
.2
Finance conpanies
Beits
19
20
5-2
5-9
Coaaercial Mortgages
— —--------------------------------------------------------------------------- - ----------------- .------------------------------------------
1
2
3
4
5
19-2
1.9
17-5
-.2
*
22-2
2-3
21.2
-1-3
♦
25.3
2-6
23.7
-1. 1
.1
47.7
2-5
45-8
-.7
«
58.8
2-5
56.6
-.2
•
65.5
2.4
63.4
-.3
1
67-3
2.4
65.1
-.2
-. 1
56.5
2.4
54-2
-. 1
V
45-7
2.4
43-2
-1
53-8
2.4
51.2
-2
*
48-5 Met borroviag
2.4
Households
45.8
Nonfara noncorp. business
Nonfin. corporate business
-3
V
Beits
6
7
8
9
10
19-2
-9
-2
1-2
4.8
22.2
1. 1
-5
1.0
9.8
25.3
1.2
.9
11.8
47.7
2. 1
-4
.4
17.7
58-8
2.9
.2
*
26-7
65-5
3- 5
.1
-3
25. 1
67-3
3.2
.3
-.6
31.3
56.5
2.6
♦
.4
29.6
45-7
3.1
-2
.2
20.4
53-8
3-4
.2
-3
29-7
48.5 Net change in assets
3- 1
Households
.2
State and local governaents
V
U.S. Governaent
26.6
Coaaercial banking
11
12
13
1-6
1-5
*
1-9
2.4
-.6
4.6
4.8
-.2
15-4
15.0
.4
18.8
17-2
1-6
22.7
20.5
2-2
21-6
19.6
2.0
18.3
16.9
1-3
10.9
9.9
-9
5-0
3.6
1.4
5.7
4.0
1-7
14
15
16
17
9-7
.4
-3
.3
7.5
.3
.4
.4
5-4
.1
.5
-3
10-3
. 1
.3
.7
7-8
-4
.6
.3
11.4
4
.8
.3
10.4
.3
.2
.2
4.1
.1
1. 1
.2
9-3
.4
-3
-1
14-1
-4
.2
-1
12.3
.2
-
18
19
.1
-.4
.2
-.6
-. 1
--1
.4
♦
.7
-4
1.6
-5
*
.4
-.4
-4
-3
.5
-5
-3
-7
1
2
3
4
5
6
7
8
9
10
Savings iastitutions
Savings and loan assns.
Hutual savings banks
11
12
13
Life insurance coapanies
Private pension funds
St.flocal govt. rtr. funds
Other insurance coapanies
14
15
16
17
Finance coapanies
Beits
18
19
Fara Mortgages
1
9.3
9.9
5.3
3.0
2-1
2.4
2.8
1-4
-.1
-3.6
-9.1 Net borrowing
1
2
3
4
9-3
-3
-3
9-9
1.6
.1
5.3
1.3
*
3.0
.7
*
2. 1
-5
♦
2.4
1.3
*
2.8
.2
V
1.4
.8
-.1
-.1
-.5
V
-3.6
.4
-
-9-1 Net change ia assets
Households
-3-5
State and local governaents
2
3
4
5
6
7
1.8
6.4
-.2
.6
7.7
-.1
.5
3.9
-.2
.4
1. 1
*
-5
-3
*
-2
-4
-.2
-.2
1.0
1-1
1-5
-.7
-1.0
1-0
-.5
-
-2
-4.7
.2
1.0
-6.8
-.6
8
9
10
11
♦
*
.8
*
-.2
-1
-
*
*
—.3
-
1.0
-.1
*
1. 1
*
-.3
-
.8
1
-
.9
*
-.1
-
1.4
-.6
-
.6
-.7
-
.7
-.4
-
1.5
*
-.7
-
BILLIONS OF DOLLABS-
III/85 BASED ON INCOHPLETE INFOBHATION
U.S. Governaent
Sponsored credit agencxes
Hortgage pools
Coaaercial banks
Mutual savings banks
Life insurance coapanies
St.♦local govt. rtr. funds
5
6
7
8
9
10
11
DECEHBEB 6, 1985
Consuaer Credit and Bank Loans N-E.C.
Consuaer Credit and Bank Loans H.E.C.
Consuaer Credit and Bank Loans Hot Elsewhere Classified
40
UNADJUSTED HET FLOSS(J HILL)
OHADJOSTED HET FLOHS1$ HILL)
1
)
II
1984
III
IF
|
|
I
1985
II
III
1975
BILLIOHS OF DOLLABS
1976
1977
1978
1979
Consuaer Credit
1
2
3
1 Het change in liabilities (BH)
2
Installaent credit
3
Honinstallaent credit
31,109
24,881
6,228
27,680
22,731
4,949
30,279
23,031
7,248
14,158
11,067
3,091
29,798
24,246
5,552
34,740
28,615
6,125
9.6
7.7
1.9
25-4
21.5
3.9
40.2
37.0
3.2
48.8
43.1
5.7
45-4
38-4
7- 1
4 Het change in assets
Installaent credit
5
6
Honfarn noncorp, business
7
Honfin. corporate business
8
Coaaercial banking
9
Savings and loan assns.
10
Hutual savings banks
11
Credit unioas
12
Finance coapanies
31,109
24,881
55
651
13,894
1,862
254
4,001
4,164
27,680
22,731
21
164
10,933
2,452
451
3,915
4,795
30,279
23,031
330
1,853
9,939
2,065
519
4,050
4,275
14,158
11,067
-238
-1,839
7,579
2,404
450
2,574
137
29,798
24,246
29
419
9,706
3,552
393
3,036
7,111
34,740
28,615
-8
226
9,479
3,520
456
4,565
10,377
9.6
7.7
-.1
.3
2-9
.5
.2
3.8
.2
25.4
21.5
V
.7
10.8
1-0
.2
5.5
3.4
40.2
37.0
-. 1
2-6
18.6
1.3
.3
6.4
7.8
48.8
43. 1
*
.6
23.6
*
.5
6.7
11.6
45-4 4
38.4 5
♦ 6
.5 7
18-2 8
1-3 9
* 10
2.2 11
16.2 12
6,228
1,572
1,316
2,335
980
25
4,949
1,418
616
1,615
1,065
235
7,248
2,185
2,744
1,163
979
177
3,091
991
66
1,537
346
151
5,552
1,789
1,035
1,302
1,288
138
6,125
2,281
1,103
1,306
1,275
160
1-9
.9
.4
-2
-4
*
3-9
1.2
1.3
1.2
.1
.2
3.2
.7
-1.4
3.6
.2
.1
5-7
1-4
1.2
2-6
.3
.2
7- 1
1.8
1. 1
1. 7
2.4
♦
13
14
15
16
17
18
13
14
15
16
17
18
Honinstallaent credit
Nonfara noncorp, business
Honfin. corporate business
Coaaercial banking
Savings and loan assns.
Hutual savings banks
Bank Loans Hot Elsewhere Classified
Total loans at coaaercial
1
banks, flow of funds basis
53,270
28,839
58,069
6,616
41,858
26,126
-2. 1
43.8
82.0
115.9
104.8
1
12,605
16,229
-1,151
1,996
23,591
11,432
12,548
788
332
3,739
11,525
11,102
7,088
-1,304
29,658
8,664
9,116
-3,697
-2,407
-5,060
12,512
11,008
7,194
-1,324
12,468
12,271
10,785
-3,483
1,351
5,202
3.8
3. 1
2.1
1. 1
-12. 1
15. 1
12.0
6.6
3.7
6.4
27.4
22-3
2.2
.3
29.9
35. 1
26.2
-2.9
-1.3
58.8
30.6
19-9
-.9
2. 2
52.9
2
3
4
5
6
24,185
214
-808
2,111
234
1,394
24,946
355
4,357
-4,005
172
-1,227
9,769
262
2,437
1,990
346
2,866
-12.8
-.5
1.2
3.2
-.3
3.5
24.6
.6
4. 7
41.6
-1.0
18. 1
39-9
-. 1
13.2
7
8
9
10 ♦ Loans by F.B. banks
11 = Total bank loans n.e.c.
23,591
3,739
29,658
-5,060
12,468
5,202
-12. 1
6. 4
29.9
58.8
10
52.9 11
12 Net change in liabilities
13
Nonfinancial sectors
14
Households
15
Fara business
16
Nonfara noncorp, business
17
Corporate business
23,591
22,811
-1,241
1,783
1,171
23,048
3,739
3,468
-2,764
287
-434
9,755
29,658
28,169
8,003
-1,727
757
23,371
-5,060
-3,773
-5,387
-1,584
-286
5,513
12,468
11,172
4,226
1,809
-71
5,654
5,202
4,216
1,054
800
-756
5,016
-12.1
6.4
10. 1
*
3.0
-3.6
5.2
29.9
30.2
2.8
2.5
.9
20.9
58.8
56.5
4. 1
2.5
.3
30.6
52.9
53.4
1.9
2.8
-6
45.9
12
13
14
15
16
17
18
19
20
21
Foreign
Official institutions
Banks
Other
-1,950
1,049
-339
-2,660
-3,376
-863
-1,429
-1,084
-2,235
-1,163
-246
-826
-2,029
-1,141
-1,204
316
-44 6
-108
166
-504
-1,898
67
-180
-1,785
2.0
.3
1. 1
.7
5.6
-9
4.2
-5
3. 1
.1
2.7
.3
19. 1
2. 1
9.5
7.4
2.3
2. 1
-4. 1
4.2
18
19
20
21
22
23
24
25
Financial sectors
Savings and loan assns.
Finance coapanies
Beits
780
356
317
107
271
785
-590
76
1,489
2,293
-740
-64
-1,287
435
-1,757
35
1,296
-735
1,992
39
986
605
239
142
-3.7
-.3
-2.8
-.6
-3. 7
.2
—2. 1
-1.9
-.3
1.4
.7
-2.4
2.3
.3
2.5
-.5
-.5
2.0
-2.3
-.2
22
23
24
25
Loans elsewhere classifieds
2
Hortgages
3
Consuaer credit
4
Security credit
5
Open-aarket paper
6 = Banking sector total bank
loans n. e.c.
7
U.S.-chartered banks
8
Doaestic affiliates
Foreign banking offices
9
III/85 BASED OH IHCOHPLETE IHFOBHATIOH
-8.4
-1.2
2.0
-2.0
-9. 1
DECEMBER 6, 1985
Consuaer Credit and Bank Loans N-E.C.
Consuaer Credit and Bank Loans N.E.C,
Consuaer Credit and Bank Loans lot Elsewhere classified
4i
SEASONALLI ADJUSTED ANNUAL RATES
SEASONALLI ADJUSTED ANBOAL RATES
1980
1981
1982
1983
1984
|
1
II
1984
III
If
1
1
I
1985
II
III
Consuaer Credit
1
2
3
4.7
1-3
3.4
22.7
16.9
5.9
20.1
14.9
5.2
59.8
48.7
11.0
96.5
76.8
19.7
125.4
98.2
27.2
90.2
71-4
18.8
91.5
70.0
21.5
121-3
98.4
22.8
112. 1
90.2
21.9
115.2 Het change in liabilities (HE)
Installaent credit
92.8
Honinstallaent credit
22.5
4
5
6
7
8
9
10
11
12
4.7
1.3
-.1
*
-7.2
1-5
1.3
-2-5
8.3
22.7
16.9
-2
-9
.6
2.5
.1
1-9
10.7
20.1
14.9
.1
*
4.9
3.4
.7
1.3
4.6
59.8
48.7
.3
1.8
19.5
7.3
1.3
6.2
12.3
96.5
76.8
.2
1.4
40.4
6.8
2.2
14.4
11.3
125.4
98.2
.2
2-3
56.5
7.7
1-0
16.0
14.6
90.2
71.4
.2
-1.2
29.7
9.4
1.8
12.6
19.0
91.5
70.0
.3
1.3
33-6
8.9
2.1
17.5
6.4
121.3
98.4
-.1
2.7
54.9
9.1
1.8
14.0
16.0
112.1
90.2
.1
1-0
38.5
14.4
1.6
10.7
22.9
4
115.2 Het change in assets
Installaent credit
5
92.8
Nonfara noncorp, business
6
-1
Bonfin. corporate business 7
-1.1
Conaercial banking
8
21.7
Sawings and loan assns.
13.5
9
1.8
Mutual sawings banks
10
11
Credit unions
14.3
Finance conpanies
12
42.4
13
14
15
16
17
18
3-4
-6
-5
1-0
1-1
-3
5.9
2.6
1.8
3.4
-1.8
5.2
1.7
-5
1.9
.7
.4
11.0
3.5
2.2
3.2
1-7
.5
19.7
5.8
4.4
5.6
3.4
-6
27.2
8.6
6.6
8.0
3.9
.1
18.8
5.1
2.9
5.7
4.3
.9
21.5
6.8
6.2
3-9
3.9
.7
22-8
5.6
6.0
9.2
1.4
.6
21.9
8.6
4.0
3.6
5-2
.6
22.5
8.0
4.1
4.6
5.1
.6
106.4
142.0
100.5
Honinstallaent credit
Nonfara noncorp, business
Bonfin. corporate business
Conaercial banking
Sawings and loan assns.
Hutual sawings banks
1
2
3
13
14
15
16
17
18
Bank Loans Not Elsewhere Classified
1
61.5
90.8
72.9
84.5
169.2
189-7
109.4
186.5
Total loans at conaercial
banks, flow of funds basis
- Loans elsewhere classified:
Mortgages
Consuaer credit
Security credit
Open-aarket paper
- Banking sector total bank
loans n.e.c.
O.S.-chartered banks
Doaestic affiliates
Foreign banking offices
1
2
3
4
5
6
17.5
-6.2
.8
1-8
47.7
21.6
4.0
5.3
.8
59.2
16.0
6.7
♦
-3
49.9
29.2
22.7
2.4
-1.4
31.4
44.6
46.0
5.8
-3
72.6
44.2
64.5
-8. 1
6.9
82. 1
42.0
35-3
6.1
-1-5
27.4
46.0
37-4
14.6
-2.5
91.1
45.8
64.1
-.5
-8.5
5.5
42.5
42.2
26.1
-5.7
36.9
45.7
26.4
-11.4
1.6
38.3
7
8
9
32.2
-.1
15.5
53.3
.1
5.8
49.6
.1
-2
32.6
-.2
-.9
66.0
-8
5.7
75.8
-9
5.5
28.8
.9
-2.3
72-1
1.4
17.5
11.4
.7
-6.6
17.2
1.0
18.7
33.2
1.4
3.7
10
11
47.7
59.2
49.9
31.4
72-6
82. 1
27.4
91-1
5.5
36.9
♦ Loans by F.B. banks
38.3 = Total bank loans n.e.c.
10
11
12
13
14
15
16
17
47.7
48.6
4.0
-5
3.4
29.1
59.2
58.3
4.3
1.4
6.2
42.9
49.9
48.0
2. 1
3.2
7.3
41.5
31.4
31.6
3.4
2.8
1.7
18.9
72-6
71.6
-1.0
1.0
2.2
77.2
82. 1
80.4
-9.7
1.6
2.3
92.7
27.4
21.0
-10.5
.5
.8
44.4
91.1
94.3
25.3
-2.2
3.7
75-3
5.5
4.7
-11.0
-5.1
-1.7
34.8
36.9
34.1
12.8
1.6
-3. 1
22.6
38.3 Bet change in liabilities
Nonfinancial sectors
28.3
5.0
Households
2.6
Fara business
Nonfara noncorp, business
-.2
27.6
Corporate business
12
13
14
15
16
17
18
19
20
21
11.5
4.5
4.7
2.3
3.7
.8
-4.5
7.3
-6.2
.7
-6.8
4.9
3.0
-.9
2.6
-7.8
-.9
-3.1
-3.8
-6.4
4.2
-3.7
-6.9
-14.2
-3.5
-6. 1
-4.6
-7.8
-4.7
-1.9
-1.2
-12.2
-4.6
-2.1
-5.6
.3
-.4
-1.5
2.2
-6.7
.3
-.1
-6.9
Foreign
Official institutions
Banks
Other
18
19
20
21
22
23
24
25
-.9
-.1
-.7
-.1
.9
-.2
.7
.5
1.9
1.5
.3
.1
-.2
5.0
-4.9
-.2
1-0
5.8
-4.9
.1
1.7
1.7
-. 5
.4
6.4
2.1
4.0
.3
-3.2
12.0
-14.9
-.3
.8
-1.0
1.7
.1
2.8
-2.5
5- 1
.2
10.0
1.9
7.5
.6
Financial sectors
Sawings and loan assns.
Finance conpanies
Reits
22
23
24
25
BILLIONS OF DOLLARS.
IXI/85 BASED ON INCOHPLETE INFORMATION
2
3
4
5
6
7
8
9
DECEHBEB 6, 1985
Other Loans
Other Loans
Open-Market Paper and Other Loans
4-2
DMADJOSTED MET FLOHS(S MILL)
UNADJOSTED MET FLOHS ($ HILL)
1
J
II
1984
III
IV
)
|
I
1985
II
III
1975
BILLIONS OF DOLLARS
1976
1977
1978
1979
Open-Harket Paper
1 Total net; issues, all types
Connercial paper
2
3
Nonfinancial corporations
4
Foreign issues in O.S.
29*075
20,229
10*945
6,358
2*003
6*142
6*886
-3,809
2*566
5,024
-1*859
1,014
14,099
15,843
4*482
917
6*617
11*968
5*914
1*200
14*386
14*025
836
1,580
-1.2
-1.5
-2.9
.4
8. 1
4.4
1.4
.7
15-0
11.8
1-6
.6
26.4
18.4
2.7
1.0
40. 3
28.7
9.0
1.7
1
2
3
4
5
6
7
8
Financial business
Connercial banking
Finance conpanies
Beits
2,926
4*520
-1,650
56
3*065
-2*757
5*765
57
5*869
1,134
4,676
59
10,444
1*357
9,075
12
4,854
-133
4,967
20
11*609
52
11*572
-15
1.1
.3
.6
-’
2.2
-.8
3.3
-.3
9-6
1.3
8.4
*
14.6
6.7
7.8
.1
18.0
4.5
13.3
. 1
5
6
7
8
9
10
11
12
13
Bankers acceptances
Nonfinancial business
Noncorporate
Corporate
Foreign
8,846
2,474
1,237
1,237
6,372
-4,139
-371
-186
-185
-3,768
-2*458
40
20
20
-2*498
-1*744
-793
-397
-396
-951
-5,351
220
110
110
-5,571
361
559
280
279
-198
.2
.3
.2
.2
-.1
3.8
2.6
1-3
1.3
1-2
3. 1
1-3
.6
.6
1.9
8.0
2.5
1.2
1.2
5.6
11.6
2. 1
1. 0
1.0
9.5
9
10
11
12
13
29*075
6,794
4*644
1,331
2,003
-4,916
2*046
-149
2,566
-8,712
4,614
-2,000
14*099
19,800
-5,960
-1*500
6,617
-2*036
-60 0
-1,200
14,386
9*463
4*474
1*175
-1.2
-6.0
3. 1
-2.6
8. 1
-4.8
5.0
2.7
15.0
3.9
-. 1
4.4
26.4
8. 1
.2
7.9
40.3
6. 6
1.9
6.9
14
15
16
17
♦
14 Net purchases* by sector
Households
15
16
Monfin. corporate business
17
Foreign
18
19
20
21
22
Sponsored credit agencies
Honetary authority
Conaercial banking
Savings * loan associations
Mutual savings banks
-135
1,996
2*439
1,552
-167
332
-1,988
413
231
-1,304
2,014
-324
-157
-2*407
2,581
2*458
-96
-1*324
-1*757
-61
-79
1*351
-25
-266
.1
.1
1. 1
.9
.1
-. 1
3.7
-. 1
.4
.2
*
.3
-.3
*
-1.2
-.4
-1.3
.4
.2
.1
.1
2.2
.7
1. 1
18
19
20
21
22
23
24
25
26
Life insurance conpanies
Private pension funds
Mutual funds
Money aarket funds
1*636
3,349
929
4,540
1*721
-2*545
1,407
5*849
-2*496
-130
-1,561
12,234
3*132
-943
-1,461
-1*444
205
1,114
556
11,816
1,407
1,445
2,759
-7,318
.7
1.5
-.2
-.1
.4
1.7
-1. 1
.4
-.3
5.8
1. 1
.1
1.5
7.3
1. 1
2.6
1. 6
3.5
-.2
15.6
23
24
25
26
1
2
3
Other Loans
1 Finance co. loans to business
2 Liab. :
Noncorporate business
3
Monfin. corp, business
3,946
502
3,444
101
-733
934
10*696
2*185
8*511
6,909
1,063
5,846
2*482
2,566
-84
-3,526
1,716
-5,242
3.7
-. 1
3.8
8.6
.2
8.4
13.5
*
13.5
11.5
*
11.5
10. 1
*
10.2
4 O.S. Governaent loans
5 Liab.: Households
6
Farn business
Nonfarn noncorp. bus.
7
Nonfin. corp, business
8
9
St.♦local governnents
10
Foreign
11
Spons. credit agencies
2,595
177
530
378
100
287
1,123
4,180
456
733
127
1,001
941
922
-
7,945
44
267
423
129
6,700
382
7*052
2,885
-650
150
1,697
2*465
505
-
2,487
-1*685
1*693
350
-597
1*943
783
-
6,767
2,400
498
600
1,400
1,500
369
6.9
-5
.8
1.5
.2
.2
2.8
.9
7.5
.5
.1
1.8
.2
2.0
3.3
-. 4
5.8
.5
1.3
1.9
*
-2
3.0
-1. 1
12.8
.8
3.5
4. 1
1.7
-1.6
3.9
.4
12.4 4
1. 1
5
3.4 6
3.0 7
1.2 8
.2 9
2.9 10
.6 11
12 Sponsored credit agency loans
13 Liab. : Households (SLMA)
14
Fara business (FICB)
15
Moncorp, business (BC)
16
S+1 assns. (FHLB)
8*739
856
598
-966
8*251
7*777
523
502
-394
7*146
-27
368
-1,982
-29
1,616
-648
361
-1,218
139
70
4*859
767
-7
-839
4*938
5,764
652
-293
-711
6,116
-2.4
1. 1
.3
1.3
1.0
-2.0
6.5
.1
1.4
.6
4.3
15.0
.4
1.5
.7
12.5
15.2
.6
3.3
2. 1
9.2
-214
9
-223
461
5
456
46
9
37
-60
7
-67
-252
-134
-118
-32
-12
-20
1.4
*
1. 4
1.7
*
1.7
2.6
17 Policy loans (HH liability)
18 Asset: 0.S- Governnent
19
Life insurance cos.
III/85 BASED OM INCOMPLETE INFOBHATIOM
.4
-4.0
1.6
*
1.6
2.6
♦
12
13
14
15
16
4. 7 17
» 18
4.7 19
DECEMBEB b, 1985
Other Loans
Other Loans
Open-Market Paper aad Other Loans
43
SEASONALLY ADJUSTED ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL BATES
1980
1981
1982
1983
1984
|
1
II
1984
III
IN
|
1
I
1985
II
III
Open-Harket Paper
1
2
3
4
20.6
11.2
4.0
2.4
54.0
39.5
14.7
3.9
4.9
-5.4
-6. 1
1.9
20.4
21.7
-.8
6.5
45.4
48.3
21.7
6.2
94.8
63.9
34.9
25.4
11.0
25.7
22.2
-15.2
19.3
42. 1
17.8
4. 1
71.5
58.5
7-3
3.7
1. 1
28.9
14. 1
4.8
61.0 Total net issues, all types
Coaaercial paper
57.3
-3.0
Nonfinancial corporations
6.3
Poreign issues in U.S.
5
6
7
8
4.8
5.6
-.5
-.2
20.9
7.0
13.9
*
-1.1
1.4
-2.4
-. 1
16.0
3.5
12.6
1
20.4
6.3
13-9
.2
3-5
18. 1
-14.8
.2
18.7
-11.0
29-$
.2
20.2
4.5
15.4
.2
47-6
5.4
42.1
a
9.9
-.5
10.9
-1
54.0
.2
53.9
-. 1
9
10
11
12
13
9.4
1.7
.8
.8
7-7
14.5
4.5
2-2
2.2
10.0
10.3
1.5
.7
.7
8.8
-1.2
-.7
-.4
-.4
-.5
-2.8
1.9
1.0
1.0
-4.8
30.9
5.4
2.7
2-7
25.5
-14.6
.4
.2
.2
-15.1
-22.8
-12.8
-6.4
-6.4
-10.0
12.9
16.7
8-4
8.4
-3.8
-27.8
-5.5
-2.8
-2.8
-22.3
3-7
4.5
2.3
2.3
-.8
14
15
16
17
20.6
-.8
-2.3
4.4
54.0
-7.3
10.0
.8
4.9
-8.5
7.9
-.5
20.4
-4. 1
10.7
5.4
45.4
-10.4
9.4
.5
94. 8
3.9
19.5
5.7
11.0
7.0
-3.8
-4.1
19.3
-37.2
21. 1
-10.3
71-5
82.8
-13.9
-.4
1.1
-34.8
-2.6
-4.2
18
19
20
21
22
*
-1
1.8
1.5
.3
-3
-.6
.8
1-2
1.3
-.3
1.3
.3
2.7
1-2
.4
-1. 1
-1.4
3.7
1.0
-.1
-.4
.3
2.4
1.7
-.5
.2
6.9
10. 1
6.3
-.7
-1.6
-1.5
-8.1
1.9
.9
-.2
-2.5
7.5
-1.3
-.6
1.5
-8.5
11.0
9.5
-.4
.3
-5.7
-6.8
-.2
-.3
-1.7
1.6
-.2
-.8
23
24
25
26
2.2
-.1
1-2
12.3
7.4
1.3
-.1
38.8
4.2
-1.5
-.6
-1.3
3.4
4.5
1.0
-3.0
4. 1
3.7
2.4
31.8
7.4
13.4
3.7
18.2
3.1
-10.2
5.6
23.4
-.9
-.5
-6.2
48.9
5-5
-3-8
-5.8
-5.8
1.6
4.5
2.2
47.3
2.0
5.8
11.0
-29.3
-2.6 Finance co. loans to business
10.9 Liab.: Noncorporate business
Nonfin. corp, business
-13.6
1
2
3
4
Financial business
Coaaercial banking
Finance coapanies
Beits
5
Bankers acceptances
Nonfinancial business
Noncorporate
Corporate
Foreign
9
10
61.0 Net purchases, by sector
66.8
Households
Nonfin. corporate business
5.3
-8
Foreign
Sponsored credit agencies
Honetary authority
Coaaercial banking
Saviags ♦ loan associations
Hutual savings banks
Life insurance coapanies
Private pension funds
Hutual funds
Honey narket funds
6
7
8
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
Other Loans
1
2
3
5.8
.4
5-5
10.0
.8
9.2
1- 1
-.9
2.0
12. 1
3. 1
8.9
21.8
2.3
19.5
15.1
1.2
13.9
12.0
1.0
11.0
33.9
4.6
29.3
24.4
5.5
18-9
10.4
9.6
.9
4
5
6
7
8
9
10
11
16.1
1.0
2.6
4.2
1.5
.9
4.7
1-2
19.0
1.5
3.4
5.6
1-2
1-2
4.2
1.9
13.6
1.6
-2
4.6
1.3
1-0
4.5
-4
8.5
.8
*
2.1
-.5
1. 1
4.3
-
16.7
.6
1.1
2-0
1.2
7.7
4.0
-
7.6
.7
-.7
1.5
.4
1. 1
4.5
-
16.7
1.8
2.9
.5
4.0
3.8
3.7
34.3
.2
3.6
1.7
.5
26.8
1.5
28.7
11.5
-2.1
.6
6.8
9.9
2.0
-
7.4
-6.7
4.2
1.4
-2.4
7.8
3.1
-
4
26.8 U.S. Governaent loans
5
9.6 Liab.: Households
6
Fara business
1.8
7
2.4
Nonfara noncorp. bus.
Nonfin. corp, business 8
5.6
St.vlocal governnents
9
6.0
10
1.5
Foreign
Spons. credit agencies 11
12
13
14
15
16
11.6
1.1
1.9
1.5
7.1
19.9
2.2
1.8
-.3
16.2
.8
1-6
-.8
-.8
.8
-6.1
1.5
-1.3
-9
-7.0
16.0
1.9
-1.2
-.4
15.7
24.5
3.4
-3.0
-.5
24.5
26.2
2-1
.2
-.6
24.5
4.5
1.5
-1.7
-1.7
6.4
8.8
1.4
-3.7
-2.4
13.5
7.7
3.1
-5.5
.2
9.9
17.5 Sponsored credit agency loans
2.6 Liab.: Households (SLHA)
Fara business (FICB)
-3.4
Noncorp. business (BC)
-1.9
20. 1
S*1 assns. (FHLB)
17
18
19
6-7
-1
6.6
7.4
.1
7.3
4.2
♦
4.3
1. 1
*
1.1
-5
*
.4
-.9
a
-.9
. 1-8
♦
1.8
.2
a
.1
-.2
a
-.3
-1.0
-.5
-.5
BILLIONS OF DOLLABS.
I11/85 BASED ON INCOMPLETE INFOBHATION
-. 1 Policy loans (HH liability)
a Asset: U.S. Governaent
Life insurance cos.
-. 1
1
2
3
12
13
14
15
16
17
18
19
DECEHBEfi 6, 1985
Security Credit, Trade Credit, and Taxes
Security Credit, Trade Credit, and Taxes
Security Credit, Trade Credit, and Taxes Payable
44
UNADJOSTED NET FLOWS($ HILL)
UNADJUSTED MET PLOWS($ HILL)
J
|
1984
III
II
I¥
)
|
I
1985
II
III
1975
BILLIONS OF DOLLAfiS
1976
1977
1978
1979
Security Credit
-3,226
252
-
3.7
.7
.1
12-7
4.8
2.2
1.3
1-2
1-2
2. 1
1-0
-
1
2
3
7,008
6,229
751
28
-3,478
-3,761
117
166
2.9
2.3
-. 1
.6
7-9
6.0
.4
1.5
.9
1.4
.5
-1.0
*
-2.5
-1
2.5
1. 1
-.7
4
5
6
7
-2,749
-38
-3,697
9,850
28
7,19 4
-3,226
166
-3,483
3.7
.6
2.1
12-7
1.5
6.6
2.2
-1.0
2.2
1-2
2.5
-2.9
2. 1 8
1. 8 9
-.9 10
-618
986
2,628
91
1.0
-1
4-6
1.0
1.6
1. 1 11
12
8,009
442
336
999
-7,155
547
209
917
3,719
517
234
551
5,888
567
260
566
12.4
1.1
.5
1-1
19.3
1.2
.8
2. 2
28. 1
1.2
.9
1.2
59.0
1.5
1.6
3.1
60.9
1. 7
1.2
-1
1
2
3
4
5,604 -10,034
251
264
202
-294
175
1,236
-853
266
190
2,814
2,048
274
150
2,023
6.3
1.3
.7
1.4
10.3
.5
-3
4. 1
22. 1
.7
-5
1.6
49. 1
1.7
-.3
2.3
53. 8
1.6
1.5
1. 0
5
6
7
8
16,931
14,678
-708
2,077
884
40 7
-196
-913
730
786
8,328
5,194
1,000
1,500
634
9-3
5.8
1.6
1.2
.6
23.8
18. 7
3.4
.5
1.2
38. 4
36. 1
1.7
-.8
1.3
63.2
56.0
3.0
2.7
1.5
74. 0
69. 4
.2
2.4
1.9
9
10
11
12
13
19,805 -24,086
3,312
-2,440
3.0
-4.4
-10.2
-4.2
8.0
7. 5
.2
. 1
-1
.1
-.6
-1. 5
.2
.2
-4
.1
.1
-. 1
5.2
4.3
.1
.2
.3
.1
.1
-4
1.8
-1.4
3.7
.8
2.8
1.0 9
1.5 10
-.5 11
1. 8 12
-2,497
-1,239
-
832
-1, 527
-
6,316
-466
-1,258
-613
-406
-239
695
781
225
311
-2,497
-239
-1,151
-2,749
928
*
9,850
2,842
6,782
5,690
1,246
-154
-3,677
-2,911
-728
-38
832
311
788
6,316
-154
7,088
-1,107
-1, 309
1 Net change in liabilities
Households
2
3
Para business
4
Nonfara noncorp. business
(Payables less receivables)
9,654
398
418
917
10, 512
530
231
751
Nonfin. corporate business
State and local governaents
Foreign
U.S. Governaent
7,295
238
-416
804
8, 311
255
-59
493
1 Net change in liabilities
Households
2
3
Poreign
4
5
6
7
Brokers and dealers
Froa coaaercial banks
Proa foreign banking off.
Custoaer credit balances
8 Net change in assets
Households
9
10
Coaaercial banking
11
12
Brokers and dealers
Poreign
-
♦
1.8
Trade Credit
5
6
7
8
9 Net change in assets
10
Nonfin. corporate business
11
Foreign
12
U.S. Governaent
13
Other insurance coapanies
18,168
13,691
1,011
2,285
1,181
15, 944 -11,796
14, 440 -12,927
-104
945
216
1, 262
1, 187
1,019
14 Discrepancy
-8,514
-5, 432
-13. 0 14
Profit Taxes Payable
1 Net change in taxes payable
Nonfin. corporate business
2
Coaaercial banks
3
4
Savings ♦ loan associations
5
Life insurance coapanies
6
Other insurance companies
7
Finance coapanies
8
Brokers and dealers
-5,381
-5,342
-3
-14
-36
-9
2
21
-202
-157
4
-16
-45
-11
3
20
1,589
1,644
4
-25
-66
-17
1
48
-1,458
-1,397
15
-20
-60
-13
6
11
-7,660
-7,581
18
-17
-62
-13
7
-12
1,470
1,540
20
-18
-71
-14
7
6
-2.7
-2.4
-.3
.1
-. 1
*
-
9 Net change in taxes receivable
10
State and local governaents
11
U.S. Governaent
-5,386
-582
-4,804
902
3,123
-2,221
2,423
2,983
-560
-3,276
-1,807
-1,469
-8,024
-1,152
-6,872
3,081
3,082
-1
-1-7
-2.3
7.8
2.2
5.6
5
-1, 104
-834
1,818
364
-1,611
-1.0
.2
-1.0
1.5
-24.9
-7.8
-17.2
-25.0
-5.8
-19.2
-25. 1
-8.3
-16.9
12 Discrepancy
»
.6
♦
2-8
2.5
.5
-. 2
♦
*
-. 1
. 1
1
2
3
4
5
6
7
8
Proprietors* Eguity in Noncorporate Business
1 Total household investment
2
Fara business
3
Nonfara noncorp. business
-22,227 -12,863 -11,812 -8,596 -16,269 -11,538
-596
-5,202 -2,327
3,680
2,872 -3,446
-17,025 -10,536 -15,492 -11,468 -12,823 -10,942
III/85 BASED ON INCOHPLETE INFORHATION
-15.3
—.8
-14.4
-2b. 1
-9.6
-16.5
1
2
3
DECEMBER 6, 1985
Security Credit, Trade Credit, and Taxes
Security credit. Trade Credit, and Taxes
Security Credit, Trade Credit, and Taxes Payable
SEASONALLY ADJOSTED ANNOAL RATES
1980
1981
1982
SBASONALLI ADJOSTED ANNOAL RATES
1983
1984
l
J
II
1984
III
IT
1
|
I
1985
II
III
Security Credit
1
2
3
12.5
6.5
.8
-1.7
7.4
3.8
12-2
8.4
-
2.1
-3.1
-13.4
-5.0
-
-.4
-6.1
-
11.5
-1-9
-
3.3
3-7
36.7
11.4
-
-10.4 Net change ia liabilities
1.0
Bouseholds
Foreign
1
2
3
4
5
6
7
6.0
1.2
-.4
5.2
2.5
4.0
.6
-2.1
3.6
-4
-.5
3.7
3.8
-9
2.4
5.2
4.7
1.1
-.6
-8.5
-6.3
-1.3
-1.0
5.7
6.2
.8
-1.2
13.4
10.4
3.6
-.6
-.4
1.5
-1.7
—.2
25.4
21.6
3.6
.1
-11.4
-12.4
-3
.7
4
5
6
7
8
9
10
12.5
5.2
.8
.8
-2.1
5.3
7.4
3.7
*
12.2
2.4
2.4
2.1
-.6
5-8
-13.4
-1.0
-8. 1
-.4
-1.2
6.1
11.5
-.6
14.6
3-3
-.2
-.5
36.7
-1
26.1
-10.4 Net change in assets
-7
Bouseholds
-11.4
Connercial banking
11
12
6.5
-2.4
3.7
7.4
-3.0
-4.4
-5.2
-2.5
3.9
10.5
1
2
3
4
47.2
2-3
1.0
-.9
35.6
2.7
1. 1
-1. 1
-5.1
2.4
-.6
-2.4
43.0
1.8
.8
.7
34.7
1-8
1.3
3-3
42.5
1.6
1.7
3.7
27.8
2.1
.9
3.0
-3.8
1.8
1.3
4.0
23.1
2-2
.8
3-7
5
6
7
8
39.6
2.0
1-7
1.4
30.9
1.1
.2
.7
-4.6
.9
-2.7
1.8
35.8
.8
.2
XO
24.7
1-0
-.5
3.1
32.3
1.0
-1-7
4.0
19.4
1.0
-.2
1.6
-14. 1
1.0
.8
1.4
9
10
11
12
13
56.7
47-4
3-6
3-8
2-0
27.8
22.5
*
2.5
2.6
-6.3
-13.4
.1
4.8
2.1
59.2
54.6
-1. 1
3-8
2.0
48.8
38.7
.7
5. 1
4.3
71.4
53.5
4.0
9. 1
4.7
34.1
28.1
-3.8
5.0
4.7
14
-9.5
7.8
1.2
-16.2
-14. 1
-28.9
.5
.4
Brokers and dealers
Fron connercial banks
Fron foreign banking off.
Custoaer credit balances
8
9
10
Brokers and dealers
Foreign
11
12
12.6
2.1
.9
2.2
15.0 Net change in liabilities
2.3
Bouseholds
1.0
Farn business
2.3
Nonfarn noncorp. business
(Payables less receivables)
1
2
3
4
12.9
1.1
-1.2
3-7
-4.4
1.1
.8
10.0
-1.9
1.1
.6
9.7
5
6
7
8
7.3
2.8
-.4
-9
4.1
45-2
36.1
-2.8
8.3
3.5
-3.8
-6.2
-3.7
2.9
3.1
4.3 Net change in assets
Honfin. corporate business
-8.3
4.0
Foreign
6.0
U.S. Governnent
Other insurance conpanies
2.5
9
10
11
12
13
-6.3
-11.1
-22.0
16.4
10.8 Discrepancy
14
-14.5
-14.3
*
-.1
-.2
*
*
.1
-5.5
-5.2
•
-. 1
-.2
-. 1
V
.1
-12.8
-12.5
-.1
-.3
-.1
*
.1
.4
.7
.1
-. 1
-.3
-. 1
*
•
Trade Credit
Nonfin. corporate business
State and local governnents
Foreign
U.s. Governnent
Profit Taxes Payable
1
2
3
4
5
6
7
8
-3.1
-1.7
-.5
-.3
-.4
-.2
-.2
.2
-8.4
-6.8
-.4
-.3
-.5
-.2
-.2
*
-14. 1
-14.1
-. 1
*
*
*
»
.2
5.8
5.8
-. 1
*
-. 1
*
*
.2
-5
-7
V
-. 1
-.2
*
-1
11.4
11.5
♦
-. 1
-.2
*
*
-2
9
10
11
-3.8
1.1
-4.8
-9.0
1.0
-10.0
-14.0
-1.4
-12.6
5.7
1.9
3.7
.4
4.4
-3.9
12.4
5-2
7.2
-15.4
3.2
-18.6
-6. 1
3.8
-9.9
-11.8
3.0
-14.9
-.3
2.8
-3.1
12
.6
.7
-. 1
. 1
- 1
-1. 1
.9
.6
-.9
.7
-46.4
8.3
-54.7
-45.5
1.3
-46.8
-7. 1 Net change xn taxes payable
Nonfin. corporate business
-6.8
Coaaercial banks
.1
Savxngs «■ loan associations
-.1
Life insurance coapaaies
-.3
-. 1
Other insurance coapanxes
V
Finance coapanies
•
Brokers and dealers
1
2
3
4
5
6
7
8
-5.8 Net change in taxes receivable 9
State and local governnents 10
2.8
-8.6
U.S. Governnent
11
-1.3 Discrepancy
12
Proprietors* Equity in Noncorporate Business
1
2
3
-41.6
-16.3
-25.3
-25. 1
-8.1
-17.1
BILLIONS OF DOLLARS.
-30.4
-12.8
-17.6
-66.4
-21. 1
-45.3
-57.0
-2.8
-54.3
-70.3
-5.7
-64.7
III/85 BASED ON INCOMPLETE INFORMATION
-58.0
-6.6
-51.4
-49.5
-.5
-49. 1
-52.6 Total household investnent
Farn business
1.1
-53.7
Nonfarn noncorp. business
1
2
3
DECEMBER 6, 1985
Hiscellaneous I
Hiscellaneous I
Hiscellaneous Financial Clains
46
UNADJUSTED HET FLOWS{$ HILL)
UNADJUSTED NET FLOWS (N HILL)
I
1
1 Het change in liabilities
2
Households
3
Nonfin. corporate business
1984
III
11
IV
1
1
I
1985
II
III
1975
BILLIONS OF DOLLARS
1976
1977
1978
1979
44,421
-349
9,289
17,106
-345
5,228
29,139
-147
4,692
17,674
135
2,082
32,774
-314
4,902
12,438
-400
4,500
37.4
.7
2.6
51.7
.6
4.3
45. 1
.9
3.7
71.8
1.1
7.9
91. 6
1.3
11.9
I
2
3
2,806
1,192
376
999
5,306
-4,724
2,414
6,586
7,304
2,250
2,325
-5,044
15.6
-.7
16.3
.9
8.4
-.9
20. 1
-.3
27.6
-1.3
4
5
29.5
2.0
-1
3.4
33.0
1.4
*
6.7
43.0
4.6
-4
12.9
52. 1
5. 7
.9
13.2
6
7
8
9
1-2
-4
4.6
12.6
6.6
-.5
-.3
1.4
4.8
14. 1
5.3
-. 1
1. 1
1.2
5.3
14.7
10. 1
-.2
10
11
12
13
14
15
76.8
7.2
1.9
3.0
34.6
16
17
18
19
20
4
5
Foreign
U.S. Governaent
6
7
8
9
Total finance
Sponsored credit agencies
Honetary authorities
Conaercial banking
31,483
2,854
-224
7,771
10,848
2, 152
-264
3,254
24,012
5,497
14
5,247
6,457
-760
-207
-1,969
18,632
4,159
-702
5,300
11,057
-2,723
-106
7,477
19.3
1.7
10
11
12
13
14
15
Savings * loan assns.
Hutual savings banks
Life insurance conpanies
Other insurance conpanies
Finance coapanies
Reits
3,146
2,729
4,055
3,493
7,615
44
1,472
134
4,031
3,357
-3,332
44
917
-808
3,380
3,295
6,424
46
1,580
1,882
2,069
3,345
519
—2
5,481
196
2,411
3,630
-1,843
-
1,506
1,123
2,678
3,609
-2,472
-35
.7
-. 1
3.3
6.2
1.3
1. 1
-1
3.9
10.3
8.4
.2
16 Het change in assets
17
Households
18
Farn business
19
Nonfarn noncorp. business
20
Nonfin. corporate business
45,114
1,572
448
775
866
16,658
1,445
469
773
1,788
30,902
1,711
406
702
11,257
18,434
2,067
374
618
3,350
28,147
2,59 2
233
517
7,434
13,719
2,894
279
466
-3,282
31.9
3.8
-9
1.3
14.9
46. 9
5.5
1.5
2. 1
18.3
36.9
6.9
1.7
2.6
21.5
65.6
6.6
2.0
3.0
18.5
21
22
Foreign
U.S. Governnent
15,788
212
6, 181
486
-219
242
9,486
432
4,005
47
-217
331
1.7
-7
8.8
1.0
-4.3
.7
12.4
.8
23
24
25
26
Total finance
Sponsored credit agencies
Honetary authority
Connercial banking
25,453
410
751
14,083
5,516
926
2,833
-8,078
16,803
632
64
601
2,107
140
-177
-1,021
13,319
109
-165
-665
13,248
482
929
10,842
8.7
1.0
*
2.0
9.8
-. 5
-.2
6. 1
7.7
1.0
-.6
3.5
22.4
.4
.5
11.8
22.5
.4
.2
10. 1
23
24
25
26
27
28
29
30
31
32
Savings and loan assns.
Hutual savings banks
Life insurance conpanies
Private pension funds
Reits
Honey narket funds
9,739
-883
1,0b7
209
77
8,503
-123
1,123
196
136
12,779
435
1,340
36
916
150
1,077
1,664
28
246
12,923
289
1,044
52
-268
-321
-341
893
138
626
2. 1
1.7
1.2
*
2.9
.4
1-5
-.3
*
1.8
.3
2-5
-.8
-. 1
5. 1
.8
2.4
.8
-5
6.5
.5
3.5
.9
.4
27
28
29
30
31
32
-693
448
-1,763
-760
4,627
-1,281
5.5
4. 8
8.2
6.2
14. 8 33
Direct foreign investnent by U.S. corps.
34 Liab.: Foreign
614 •-1,241
35
Eguity ♦ interconpany accts. -1,727 -2,652
Retained earnings
36
2,341
1,411
3,103
2,179
924
-1,076
-2,373
1,297
4,982
-1,852
6,834
3,365
-635
4,000
14.0
6.0
8.0
11.6
3.9
7.7
11. 5
5. 1
6.4
15.7
4.4
11.3
2b. 6 34
7.6 35
19.0 36
Direct foreign investnent in U. S.
37 Liab.: Nonfinan. corp. bus.
9,289
38
Eguity ♦ intercoapany accts.
8,295
39
Retained earnings
994
5,228
4,042
1,186
4,692
3,804
888
2,082
1,537
545
4,902
4,146
756
4,500
3,764
736
2.6
1.4
1.2
4.3
2.7
1.7
3. 7
2- 1
1.6
7.9
5.3
2.6
11.9 37
7. 9 38
4.0 39
357
243
339
296
331
.7
1. 1
-7
.6
.8 40
129
-1
93
-249
*
-. 1
*
.1
♦ 41
33 Unallocated, net
-. 4
2. 1
4.6
.6
6.7 21
- 8 22
(A) Foreign clains
U.S. Govt. eg. in IBRD, etc.
40 Liab.: Foreign
212
Nonofficial foreign currency
41 Asset: U.S. Governnent
Liab.: Foreign
(B) Clains on Federally related agencies
Postal Savings Deposits
42 Asset: Households
Liab.: U.S. Governnent
-
Deposits at Federal Hoae Loan Banks
43 Liab.: Sponsored credit ags.
1,450
Asset: S+l associations
2,591
3,910
-3,448
4,935
-2,203
42
56
29
61
34
32
217
159
285
364
320
196
11
-1
207
34
6
-
9
16
260
11
9
344
-101
-27
108
340
-19
2
213
44 Federal Reserve Bank stock
Asset: Connercial banks
45 Eguity in sponsored credit ag.
46 U.S. Governaent
Private:
47
Farn business (FICB ♦ FLB)
48
Nonfarn noncorporate (BC)
49
Nonfin. corp. bus. (FNHA)
50
S+l associations (FHLB)
III/85 BASED OH INCOHPLETE IHFORHATIOH
119
.J
.4
1.2
.1
3
2. 1
3.0 43
♦
*
.1 44
1.3
1.6 45
.5
2
1
*
2
42
2
*
1
4
3
1
*
8
-
46
.4
. 1
.1
1.0
47
48
49
50
DECEHBEB 6, 1985
Hiscellaaeous I
Miscellaneous I
47
Miscellaneous Financial Clains
SEASONALLY ADJUSTED ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL BATES
I
1985
II
149. 1
-.6
18-8
46.4
.5
8.3
105.5
-1.3
19.6
15.5
4.0
31.5
-18.9
-10.8
26.3
23.6
9.0
24.9
-20.2
Foreign
U.S. Governnent
4
5
108.4
11.8
-.5
21. 1
42.6
7.0
-1.4
15.2
118.3
20.2
38.7
22.0
.3
-.9
-19.0
54.6
16.8
-2.2
10.1
44.0
-12.6
-.8
32.5
Total finance
Sponsored credit agencies
Honetary authorities
Connercial banking
6
7
8
9
6.8
2.4
14.8
13.4
12.9
.2
5.5
9.7
16.2
14-0
30.5
.2
6.8
-1.4
16.1
13-4
-13.3
.2
7-0
-.1
13.5
13.2
25-7
.2
9.9
8.0
8.3
13.4
2.1
*
14. 1
-.9
9.7
14.5
-7.4
-
7. 1
2.7
10.7
14.4
-9.9
-- 1
Savings * loan assns.
Hutual savings banks
Life insurance conpanies
Other insurance conpanies
Finance conpanies
Beits
10
11
12
13
14
15
59.8
8.0
1.5
2.3
8.2
119.7
6.4
1.7
2-9
24.8
162.6
6.3
1.8
3. 1
5. 1
72.0
5.8
1.9
3.1
11.8
146.6
6.8
1.6
2.8
46.6
61.1
8.3
1.5
2.5
3.7
89.9
10.4
.9
2.1
30.8
59.9 Net change in assets
Households
11.6
Fara business
1. 1
Nonfarn noncorp, business
1.9
Nonfin. corporate business
-7.6
16
17
18
19
20
4.6
1.6
11-8
-7
28. 1
1.5
55- 1
.8
24.5
1.9
16-5
1.0
27.5
1.7
4.9
.2
-1.4
1.3
Foreign
U.S. Governnent
21
22
49-1
-7
-5
28.0
50.9
1. 1
*
12.6
27.3
-7
1.0
11-3
54.3
2.8
3.7
5.6
90.4
2.6
3.0
44. 5
23.0
3.4
11.3
-31.0
71.2
2- 1
.3
33.3
15.9
.1
-.7
-4.1
40.7
1.4
-.7
-14..8
53.0
1.5
3.7
44. 1
Total finance
Sponsored credit agencies
Honetary authority
Conaercial banking
23
24
25
26
4.1
1.0
3.6
.5
.4
8.5
1.2
7.3
1.0
1.9
27.3
2.6
8. 1
.3
-1. 1
6.8
1.8
6.1
-.4
35.3
.1
4.8
.5
1.5
38.0
-3. 1
4.3
.8
-3
34.2
-.6
4.5
.8
.5
44.9
1-5
5.4
.1
3.7
8.7
4.2
6.7
.1
1.0
49.7
1..8
4.2
.2
-1. 1
-1.5
-1.5
3.6
.6
2.5
-16.6
-.5
.6
18.4
-2.8
-6.8
9.7
2.6
-14.6
15.6
1
1
1984
III
1980
1981
1982
1983
1984
1
2
3
66.7
1.2
16.9
101.7
1.8
25.2
78.0
.8
13.8
78-3
.6
11.9
117.0
-1.0
22.5
155.8
-1.4
37.2
81.6
-1.4
20.9
4
5
14.7
-1.9
19-1
1.0
8. 1
.2
9.4
2-0
11.8
4.9
6.9
4.8
6
7
8
9
35.8
3-6
-1.1
7.4
54.6
4.7
.3
17.4
55.2
5.9
-. 1
12.4
54.3
-.2
-.5
9.9
78.8
10.2
-.5
18.6
10
11
12
13
14
15
-9
.8
3.8
12.4
7.9
-1
2.6
2-6
8.2
10.8
7.9
.1
13.1
-.3
10.6
6.5
*
10.4
2.4
9.2
12.0
11. 1
*
16
17
18
19
20
83.3
5.6
1.9
2-6
35.8
102.2
6. 1
1.7
2.1
20.8
77.4
6.8
1-7
2.1
9.7
21
22
18.3
-5
21-4
.9
23
24
25
26
18.6
1.3
.5
7.3
27
28
29
30
31
32
33
7-0
II
|
JI
IT
♦
III
65.2 Net change in liabilities
-1.6
Households
Nonfin. corporate business
18.0
Savings and loan assns.
Hutual savings banks
Life insurance conpanies
Private pension funds
Beits
Honey aarket funds
5.3 Unallocated, net
1
2
3
27
28
29
30
31
32
33
(A) Foreign clains
Direct foreign investaent by U.S. corps.
34
19.5
17.5 Liab. : Foreign
-7.9
1.5
Eguity * intercoapany accts. 35
fietaiaed earnings
36
27.3
16.0
34
35
36
21.9
4.9
17.0
13.0
-.5
13.5
4.7
-2.0
6.7
9.3
-.3
9.6
7.8
-3.2
11.0
1.8
-7.6
9.4
-2.5
-8.1
5.6
14.8
11.1
3.7
-10.1
-15.3
5.2
37
38
39
16.9
11-7
5-2
25.2
22-3
2.9
13.8
16.2
-2.4
11.9
11.9
.1
22.5
18.8
3.7
37.2
33.2
4.0
20.9
16.2
4.7
18.8
15.2
3.6
8.3
6.1
2.2
19-6
16.6
3-0
40
-7
1.1
1.3
.7
1.1
.8
1.4
1.0
1.4
1.2
U.S. Govt. eg. in IBBD, etc.
1.3 Liab.: Foreign
40
-1.0
Nonofficial foreign currency
Asset: U.S. Governaent
Liab.: Foreign
41
41
-.2
-.2
-4
.1
-4
.5
♦
.4
Direct foreign investnent in U.S.
37
18.0 Liab.: Nonfinan. corp. bus.
Eguity ♦ interconpany accts. 38
15. 1
39
Betained earnings
2.9
(B) Clains on Federally related agencies
42-----
______
Postal Savings Deposits
Asset: Households
Liab.: U.S. Government
Deposits at Federal Hoae Loan Banks
-11.1 Liab.: Sponsored credit ags.
Asset: S*1 associations
43
-8
1-8
2.8
-2.9
7.0
fa. 9
8.4
14. 1
-11.0
20.9
44
-1
-1
.1
.1
.2
-2
-2
.1
-2
-1
45
46
-7
1-4
-9
.2
.9
.6
1.0
.9
1.6
1.0
1-2
47
48
49
50
.6
-1
*
*
-.4
-. 1
.4
1. 1
U.S. Governaent
Private:
-. 1
Fara Business (FICB ♦ FLB)
*
Nonfarn noncorporate (BC)
Nonfin. corp. bus. (FNMA)
S*i associations (FHLB)
1.3
.6
.1
.7
BILLIONS OF DOLLABS.
.4
*
.1
.4
.1
*
*
.1
.1
*
*
.8
*
♦
.6
III/85 BASED ON INCOHPLETE INFOBHATION
.1
*
.8
*
.1
.8
♦
*
1.5
. 1 Federal Beserve Bank stock
Asset: Conaercial banks
Eguity in sponsored credit ag.
42
43
44
45
46
47
48
49
50
DECEHBER 6, 1985
Hiscellaneous II
Hiscellaneous II
Hiscellaneous Financial Clains (Continued)
48
OHADJUSTED HET FLOBS ($ HILL)
UNADJUSTED HET FLOBS(S HILL)
I
1
II
1984
III
I
1985
II
I
IV
1
BILLIOHS OF DOLLARS
III
1975
1976
1977
1978
1979
(C) Life insurance clains
Deferred and unpaid preniuns
1 Liab.: Bouseholds
Asset: Life insurance
Life conpany reserves
2 Liab.: Life insurance cos.
3
Accident and health
4
Policy dividend accun.
Asset: Households
-349
-345
-147
135
-314
-400
.7
.6
.9
1.1
1.3
1
660
387
273
645
382
263
703
417
286
754
446
308
79 7
471
326
852
503
349
1.7
.7
1.0
1.9
-7
1.2
2.7
1.4
1.4
2.7
1.3
1.4
2.4
.8
1.6
2
3
4
3,493
912
437
776
1,368
3,357
800
435
767
1,355
3,295
1,008
397
686
1,204
3,345
1,313
363
609
1,060
3,630
1,795
334
54 4
957
3,609
2,042
298
464
805
6.2
2.1
.7
1.2
2-2
10.3
3.6
1.3
2. 1
3.4
12.6
4.2
1-5
2.5
4. 4
14.1
3.9
1.7
2.9
5.6
14.7
4.8
1.5
2.9
5.5
5
6
7
8
9
-3,832
4,725
58
-173
-1,122
3.4
6.4
-.5
2.7
(D) Honlife insurance clains
5 Liab.:
6 Asset:
7
8
9
10
Other insurance cos.
Households
Farn business
Honfara noncorp. bus.
Honfin. corp, business
(E) Intercorporate claias
Corporate parent investaent in
finance conpanies
4,954
Asset: Donestic bank affiliates
5.5 10
(F) Unallocated assets * liabilities
11 Het total (liab. less assets)
-693
448
-1,763
-760
4, 62 7
-1,281
5-5
4.8
8-2
6.2
12
13
14
15
16
17
Het change in liabilities
Foreign
U.S. Governnent
U.S. Govt.-vithout levels
Sponsored credit agencies
Honetary authority
23,839
1,980
1,192
1,187
-266
10,002
1,131
8,302
1,961
14,967
3,058
13,614
2,275
3,278
-1,371
999
-598
-320
-4,724
1,302
-15
6,586
2,324
-268
2,250
-1,096
-736
-5,044
-716
-138
7.5
.9
-.6
-.1
1. 1
-.5
13.8
3.7
-.5
1.4
.3
*
12.3
-3.8
-.7
-.3
.4
♦
23.6
3.6
—.3
1.3
.4
23. 7
.2
-1. 3
1. 1
.8
12
13
14
15
16
17
18
19
20
21
22
Connercial banking
Coaaercial banks
Bank affiliates
Foreign banking offices
Banks in U.S. poss.
7,771
2,596
1,251
2,950
974
3,254
2,248
-2,037
2,046
997
5,247
2,698
1,377
153
1,019
-1,969
-1,221
-2,999
1,210
1,041
5,30 0
4,027
-98
308
1,063
7,477
-894
-1,552
8,838
1,085
2. 1
.1
.2
.7
1. 1
3.4
1.7
-9
.3
.4
6.7
5.4
-.3
-7
.8
12-9
12.4
-2.4
2.3
.6
13.2
9. 1
.3
2.7
1. 1
18
19
20
21
22
23
24
25
26
27
Savings and loan assns.
Hutual savings banks
Life insurance coapanies
Finance conpanies
Reits
3,146
2,729
3,395
2,661
44
1,472
134
3,386
500
44
917
-808
2,677
1,699
46
1,580
1,882
1,315
461
-2
5,481
196
1,614
-1,670
-
1,506
1,123
1,826
-1,350
-35
.7
-. 1
1.6
1.2
1.3
1. 1
. 1
2.0
2. 1
.2
1.2
.4
1-8
7. 1
-. 5
-.3
1.4
2. 1
2.6
-. 1
1. 1
1-2
2.9
4.6
-.2
23
24
25
26
27
28
29
30
31
32
Het change in assets
Honfin. corporate business
Foreign
Sponsored credit agencies
Honetary authority
24,532
-1,116
6,499
410
751
9,554
1,674
953
926
2,833
10,065
6,950
-4,911
632
64
15,727
3,366
7,404
140
-177
8,987
1,387
-897
109
-16 5
4,559
-7,452
-4,717
482
929
2.0
-1.4
-.9
1.0
9.0
3.2
4.4
-.5
4. 1
5.5
-8. 1
1.0
-.6
17.4
-2-8
4.5
.4
.5
8. 8
2.5
-5.2
.4
.2
28
29
30
31
32
-2.5
♦
-. 2
33
34
35
Connercial banks
Foreign banking offices
Banks in U.S. possessions
2,362
6,531
194
-1,978
-2,414
90
-2,392
-1,844
83
-2,267
1,114
13
-3,123
2,622
-25
4,666
7,343
-77
36
37
38
39
Savings and loan assns.
Hutual savings banks
Life insurance coapanies
Private pension funds
8,082
-883
1,416
5,793
-123
1,468
8,609
435
1,487
3,254
1,077
1,529
7,648
289
1,358
-
1,669
-341
1,293
.0
.4
1.0
40
41
Reits
Honey narket funds
209
77
196
136
36
916
28
246
52
-268
138
626
1.2
*
III/85 BASED OH IHCOHPLETE INFORHATIOH
14.8 11
-.7
.4
-. 1
3.7
.3
.6
♦
6.9
2.0
.1
2.0 33
2. 1 34
.4 35
1.8
1. 5
.8
-
1.2
.3
1.6
-
2.3
-8
1.3
-
2.4
.5
2.2
-
-.3
*
-.8
-.1
.8
.5
.6
36
37
38
39
.9 40
.4 41
DBCBMBBB 6, 1985
Miscellaneous II
Miscellaneous II
Hiscellaneoas financial Clains (Continued)
49
SEASOMALLX ADJUSTED ANNOAL BATES
1980
1981
1982
SEASOMALLX ADJOSTED AMMOAL BATES
1983
1984
1
|
II
1984
III
IT
|
|
I
1985
II
III
(C) Life insurance clains
1
1-2
1-8
-8
.6
-1-0
-1.4
-1-4
-.6
-5
-1.3
2
3
4
1-7
.6
1-1
2-1
.9
1.2
2-3
1-3
1-0
3.2
1.8
1-4
2-7
1-6
1.1
2-6
2.6
1-5
1-1
2.8
1-7
1- 1
3.0
1.8
1-2
3-2
1-5
1.1
5
6
7
8
9
12.4
3-9
1-3
2.5
4-7
10.8
4-0
1-1
2-1
3.7
10-6
4-5
1-3
2.0
2.7
12.0
4.9
1.4
2-3
3-4
13-4
3.7
1.7
2.9
5.1
14.0
3.6
1.7
3. 1
5.5
13.4
3.2
1.7
3.1
5.4
13.2
4-0
1-6
2-7
4.8
13.4
5-3
1.5
2.4
4.2
14-5
7.2
1.3
2.2
3-8
10
4.4
7-9
6. 1
6.8
6.7
19.8
-15.3
18.9
.2
-.7
11
-16.6
-.5
-6
18.4
-2-8
-6.8
9.7
2.6
-14-6
15.6
12
13
14
15
16
17
6.1
-7-8
—
-1.9
2-1
-1.1
36.6
5-2
—
1.0
1.4
.2
34.4
1-7
—
-2
2.2
-.2
36.2
-.7
—
2.0
2.4
-.6
55.4
2.6
—
4-9
2.3
-.6
73-3
4.2
—
4.8
4. 2
-.6
52.4
16.0
—
4.0
-2.3
-1-6
65- 1
15.7
■18.9
5.2
-. 1
38.6
-2-4
26.3
9.8
-1.1
28-5
3-9
9-0
-5.1
-2-4
18
19
20
21
22
7.4
.8
.1
4-9
1.6
17-4
6-7
1. 1
6.8
2-7
12.4
3.1
2. 1
3.9
3-2
9.9
-9
3.4
2-0
3.6
18.6
9.6
-7
4.4
3.9
21. 1
-2.6
5.0
14.7
3.9
15.2
13.9
-8.1
5.5
4.0
38-7
30-8
5.5
-1-6
4-1
-19-0
-18.5
-12-0
7.4
4-2
23
24
25
26
27
.9
.8
2-1
3.5
.1
2-6
2.6
6.0
*
-1
13-1
-.3
4.8
-5
10-4
2-4
6. 1
4.4
6.8
2.4
12. 1
6.2
-2
5-5
9.7
13.6
10.6
-2
6-8
-1.4
13.5
2.0
.2
7-0
-. 1
10-7
6.8
.2
28
29
30
31
32
22.6
9-2
1.4
1-3
.5
37-1
4. 1
-3.8
-7
.5
33.8
2.2
-9.1
1.1
*
17.8
-4.6
-.2
1.0
58.2
11-9
5.6
2.8
3.7
80. 1
-2.2
17.9
2.6
3.0
42-7
8.9
3.5
3.4
11.3
33
34
35
.9
1-5
.5
9-3
7-9
2-9
3.1
2-4
.9
.6
2.9
-9
-3.5
1-7
.6
-2.4
26. 1
-8
36
37
38
39
3-2
1.0
2-4
6.0
1-2
5.5
24-0
2.6
7.4
9.6
1.8
5.5
-
27.5
.1
5.8
-
40
41
.5
-4
1-0
1-9
-3
-1. 1
-.4
.5
1-5
Deferred and unpaid preniuns
-1.6 Liab.: Households
Asset: Life insurance
1
Life conpany reserves
3.4 Liab.: Life insurance cos.
2.0
Accident and health
1.4
Policy dividend accun.
Asset: Households
2
3
4
1-9
1-3
(D) Nonlife insurance claias
14.4 Liab.:
8.2 Asset:
1-2
1-9
3-2
(E) Intercorporate clains
Corporate parent investnent in
-4.5
finance coapanies
Asset: Donestic bank affiliates
(F)
BILLIONS OF DOLLABS-
♦
♦
-7
Other insurance cosHouseholds
Farn business
Monfara noncorp. bus.
Nonfin. corp, business
5
6
7
8
9
10
Unallocated assets + liabilities
5.3 Met total (liab. less assets)
11
26.4
6. 1
-20-2
-2.6
-.9
Net change in liabilities
Foreign
u.s. Governaent
U.S. Govt.-without levels
Sponsored credit agencies
Monetary authority
12
13
14
15
16
17
10. 1
2.1
-.4
4. 1
4.3
32.5
2.0
-6.2
32-4
4-3
Coaaercial banking
Coaaercial banks
Bank affiliates
Foreign banking offices
Banks in U.S. poss.
18
19
20
21
22
9.9
8.0
5-3
1.8
*
14.1
-.9
6.5
-6-7
-
7-1
2-7
7-3
-5-4
-. 1
Savings and loan assns.
Mutual savings banks
Life insurance coapanies
Finance coapanies
Beits
23
24
25
26
27
62.6
27.0
-2.3
2. 1
.3
53.2
9.6
19.1
.1
-.7
12-9
7.0
-14.7
1-4
-.7
21.1
-28-3
-19.4
1-5
3-7
Bet change in assets
Nonfin. corporate business
Foreign
Sponsored credit agencies
Monetary authority
28
29
30
31
32
-6.6
-9.7
.4
1.3
-7-4
-J
-9.1
4-5
-1
-24.7
10.5
-.1
19.4
29-4
-.3
Coaaercial banks
Foreign banking offices
Banks in U.S. possessions
33
34
35
30-5
-3. 1
5.7
-
24.9
-.6
5.9
-
30.0
1.5
5-9
18.3
4-2
6.1
27.8
1.8
5.4
8.4
-1.5
5.2
Savings and loan assns.
Mutual savings banks
Life insurance coapanies
Private pension funds
36
37
38
39
-8
.3
.8
.5
.1
3-7
-1
1-0
-2
-1.1
.6
2.5
Beits
Money aarket funds
40
41
III/85 BASED ON INCOMPLETE INFOBHATION
DECEHBEB 6, 1985
Total Claias
Total Claias
Total Financial Assets and Liabilities
50
ONADJOSTED NET FLOWS (J BILL)
UNADJUSTED NET FLOHS($ BILL)
I
1
II
1984
III
IV
|
1
I
1985
II
III
1975
BILLIONS OF DOLLABS
1977
1976
1978
1979
Total Net Borrowing and Lending in Credit Barkets (1)
1
Total net borrowing
in credit aarkets
2
3
4
5
6
7
8
9
Doaestic nonfinan. sectors
U.S. Governaent
Private doaestic
Households
Fara business
Nonfara noncorp. bus.
Corporate business
State*local governaents
10
11
12
13
14
15
16
17
18
Foreign borr. in U.S.
Financial sectors
Sponsored credit agencies
Bortgage pools
Coaaercial banks
Bank affiliates
Savings and loan assns.
Finance coapanies
Beits
19
Total net lending
in credit aarkets
231,455 216,597 273,082 172,406 240,663 238,038
211.6
283.8
378.7
479.6
491.3
1
187,457 186,100 239,430 140,792 195,794 194,754
31,166 54,048 64,161 41,827 45,223 46,055
156,291 132,052 175,269
98,965 150,571 148,699
68,033 62,888 76,990 50,215 67,842 79,012
2,311 -3,526 -3,606
3,912
2,966 -1,123
26,866 18,752 19,048
11,903 21,934
18,372
49,963 35,060 59,021
30,957 34,434 23,760
7,517
13,041 23,736
9,496 23,395 28,678
193.0
85.4
107.6
53.5
8.5
12.5
20.9
12.3
243.5
69.0
174.5
91.5
10.2
15.4
44.2
13.2
319.4
56.8
262.6
140.7
12.3
28.0
69. 7
12.0
371.7
53.7
318.0
173.4
14.6
32.8
80.6
16.5
388-7
37.4
351.3
181.0
21.4
35. 3
96.0
17-6
2
3
4
5
6
7
8
9
11.3
7.3
3.2
7.1
.2
.6
.5
-.1
19.3
21.0
2. 1
12.2
.7
5.4
-1.7
4.3
-1.9
13.5
45.8
5.9
16.1
.6
2.0
6.9
16.9
-2.5
33.8
74. 1
23.5
13.6
.2
7.2
13.5
16.7
-.4
20.2
82.4
24.8
23-1
.2
6.5
12.6
15.3
-. 1
10
11
12
13
14
15
16
17
18
12,717
31,281
9,045
7,680
2,226
5,811
8,331
-1,928
116
-9,441
39,938
12,456
12,194
-720
-1,537
8,110
9,350
85
-405
34,057
3,386
13,449
2,264
2,440
5,274
7,290
-46
-974
32,588
3,922
15,046
1,505
3,020
623
8,458
14
-2,040
46,909
8,804
17,057
625
1,555
4,566
14,254
48
1,233
42,051
3,596
16,835
243
1,849
6,873
12,533
122
231,455 216,597 273,082 172,406 240,663 238,038
-4.2
211.6
283.8
378.7
479.6
58,808
38,128
1,627
7,596
11,457
61,149
51,306
1,439
224
8,180
44,974
6,167
2,515
13,065
23,227
58,988
54,877
753
-9,265
12,623
44,686
16,653
1,818
2,990
23,225
60,267
30,856
2,273
6,517
20,621
39.6
24.5
.8
12.3
1.9
38.7
21.7
1-2
8.0
7.7
36.5
28.8
.6
-5.3
12.4
64.4
46. 1
1.4
3.7
13.2
99.7
71.2
1.8
5.2
21.6
8,870
2,847
7,484
3,154
24,191
9,531
1,992
7,260
19,542
2,844
20,876
7,304
6.1
13.4
15-2
7.9
39.6
10.0
33.3
17. 1
-4.5 25
19.0 26
160,930 144,810 194,386 104,166 173,591 149,591
12,255
6,222
6,286
5,217
9,682
7,137
7,680 12,194
13,449
15,046 17,057 16,835
6,116
8,058
1,988
2,151
-272
516
152-5
4.5
7. 1
8.5
222.0
4.7
12.2
9.8
292.6
6.4
16. 1
7. 1
364.9
26.7
13.6
7.0
377. 1
30. 0
23. 1
7.7
35,087
32,345
346
2,027
369
29.5
28.5
-.5
1.1
-4
59.8
55. 1
-.3
4. 4
.6
87.8
81.9
.6
4.9
.3
128.5
109.6
-1.0
19.6
.2
123. 1
108.6
-. 1
14.5
93,040
5,862
1,149
201
4,512
90,016
34,382
25,483
3,636
5,263
103.0
50.9
34.8
10.7
175-1
78.5
60. 1
11. 1
7.2
189.2
72.2
56. 1
8.7
7.3
193. 3
56.5
49.3
4. 4
2.8
36
37
38
39
40
20
21
22
23
24
Private doa. nonfin. sectors
Households
Nonfara noncorp, business
Corporate business
State ♦ local governaents
25
26
Foreign
U.S. Governaent
27
28
29
30
Financial institutions
Sponsored credit agencies
Nortgage pools
Federal reserve systea
31
32
33
34
35
Conaercial banking
Coaaercial banks
Bank affiliates
Foreign banking offices
Banks in U.S. poss.
47,395
46,984
214
68
129
35,475
34,111
234
904
226
60,349
55,593
355
4,173
228
17,032
16,620
172
-51
291
45,754
42,964
262
2,205
323
36
37
38
39
40
Private nonbank finance
Savings institutions
Savings * loan assns.
Hutual savings banks
Credit unions
91,612
45,746
39,211
2,787
3,748
88,768 108,186
37,324 24,097
31,440 19,754
3,200
1,912
2,684
2,431
67,143
26,383
16,421
5,860
4,102
491.3 19
20
21
22
23
24
27
28
29
30
31
32
33
34
♦ 35
5.4
135.6
68.4
49.0
12.8
6.6
41
42
43
44
45
Insurance sector
Life insurance cos.
Private pension funds
St.*loc.govt-rtr.funds
Other insurance cos.
30,709
13,514
7,801
7,368
2,026
34,443
16,051
6,994
8,183
3,215
32,639
14,685
6,544
8,951
2,459
17,680
14,136
4,297
-3,122
2,369
40,566
16,189
7,555
14,439
2,383
34,590
15,615
9,621
6,669
2,685
52.0
16.9
18.4
9.3
7.3
55.7
23.7
9.7
9.8
12.5
73. 1
27.5
16.2
11.9
17.5
89.3
33. 1
22.8
17.0
16.5
85.6
33-0
28.3
10. 8
13.4
41
42
43
44
45
46
47
48
49
50
51
Finance n.e.c.
Finance coapanies
Beits
Hutual funds
Honey aarket funds
Brokers and dealers
15,157
10,438
222
4,678
957
-1,138
17,001
3,531
221
5,611
6,019
1,619
51,450
14,831
222
7,342
22,912
6,143
23,080
7,496
221
18,172
-82
-2,727
46,612
10,709
221
19,900
12,534
3,248
21,044
8,151
148
22,145
-7,109
-2,291
V
2.6
-4.8
-5
.7
1-0
11.4
11.7
-3.8
-.2
23.6
22.5
-2.4
3.9
-. 1
-. 3
27.6
26. 1
-1. 1
.8
3.2
-1.3
51.2
29.8
-1.0
1.9
19.8
.6
46
47
48
49
50
51
(1)
.6
3- 1
Excludes corporate eguities.
Total Liabilities and Their Relation to Total Fxnancxal Assets
Net flows through credit aarkets (froa
1
231,455 216,597 273,082 172,406 240,663 238,038
preceding table)
Other financial sources:
37
176
109
2
Official foreign exchange
-168
763
-211
3
Treasury curr. and SDB ctfs.
83
141
277
18
80
155
211.6
283.8
378.7
479.6
491.3
1
.8
.9
2.5
1-2
.1
.3
.5
.5
*
1.6
2
3
4
5
6
7
8
9
10
Deposits at financial insts.
Checkable deposits
Saall tiae * savings dep.
Honey aarket fund shares
Large tiae deposits
Security BP’s
Foreign deposits
78,871
11,875
32,105
3,854
33,508
-306
-2,165
62,935 125,909
15,617
6,493 32,824 -27,281
28,739 50,747 47,368
5,129 26,972 -3,024
15,544 18,882 -2,349
7,460
1,380
-358
-430 -3,158
-477
66,198
37,969
39,645
5,108
-7,412
-4,808
-4,304
37,676
18,149
21,430
-5,292
5,427
-1,742
-296
113.4
18.7
96.0
1.3
-8.9
3-5
.8
147.8
24.8
121.6
*
-13.9
13. b
1.7
165.5
30.2
94.6
-2
28.3
10.9
1.3
183.5
32.7
65.4
6.9
54.5
21.6
2.4
181.3 4
35.8 5
61. 1
6
34. 4 7
27.8 8
16. 1
9
6. 1 10
11
12
Life insurance reserves
Pension fund reserves
1,126
28,934
1,117
41,130
2,066
40,280
1,902
54,993
8. 1
46.8
8.8
51-3
9.5
62.2
11.2
75.4
10.7 11
84. 4 12
13
14
15
16
17
18
19
11,495
Interbank claias
9,662
1,169
Corporate eguities
-18,838 -6,019 -6,839
Security credit
-2,497
-832
6,316
Trade debt
9,654 10,512
8,009
Profit taxes payable
-5,381
-202
1,589
Noncorp, proprietors* eguity -22,227 -12,863 -11,812
Biscellaneous
17,106 29,139
44,421
1,805
11,631
7,370
7,70 5
5,347
6,822
9,850 -3,226
-2,749
3,719
-7,155
5,888
-1,458 -7,660
1,470
-8,596 -16,269 -11,538
17,674 32,774
12,438
-11. 1
10.6
3.7
12.4
-2.7
-15.3
37.4
-8.9
10.6
12.7
19.3
8.0
-24.9
51.7
-1. 1
b. 5
2.2
28. 1
—.6
-25.0
45. 1
16.0
1.7
1-2
59.0
5.2
-25. 1
71.8
22. 7
-4.3
2- 1
60. 9
2.8
-26. 1
91. 6
357,000 339,263 466,344 223,802 381,325 356,283
41o.7
563- 8
b71. 6
880.6
919.0 20
. 3 21
-. 1 22
-13.0 23
20 Total financial sources
21
22
23
24
25
26
27
28
29
- Floats not incl. in assets
Deaand dep.:
U.S. Govt.
Other
Trade credit
- Liabilities not allocated
as assets
Treasury currency
Interbank claias
Security BP’s
Profit taxes payable
Hiscellaneous
Totals allocated to sectors
as assets
1,546
23,734
-522
-965
-8,514
852
-6,579
-5,432
371
263
17,399 -9,238
19,805 -24,086
252
-1,329
3,312
-380
-7,579
-2,440
-1
1.6
3.0
-. 8
.6
-4. 4
1.5
1.8
-10.2
*
-.5
-4.2
-69
3,755
-3,963
5
-693
-41
1,923
-1,365
-1,104
448
-40
1,930
-3,984
-834
-1,763
-177
1,275
-3,303
36 '
4,627
-b6
3,796
1,925
-1,611
-1,281
-. 1
-3.8
4.6
-1.0
5.5
-. 1
-.9
9-3
.2
4.8
-.3
-5.4
5.5
-1.0
8.2
-8
10.9
1-5
6.2
367,966 350,561 433,460 247,359 376,304 363,919
406.6
555. 1
671.5
865.8
III/85 BASED ON INCOBPLETE INFOBBATION
1,481
37,397
107
3,976
4,363
1,818
-760
♦
-.2
-1.7
3.4
1.8
14.8
13
14
15
16
17
18
19
24
25
26
27
28
913.6 29
DECEMBEB 6, 198 5
Total Claias
Total Claims
Total Financial Assets and Liabilities
5i
SEASOBALLT ADJUSTED ABBOAL BATES
SEASOBALLT ADJUSTED ABBOAL BATES
1980
1981
1982
1983
1984
1
1
II
1984
III
IT
|
1
I
1985
II
Ill
Total Bet Borrowing aa d Lending is1 Credi t Harkets (D
Total net borrowing
in credit aarkets
1
424.9
487.8
490-2
643.0
887.6
910.0
822-7
1035.6
826.7
926.2
912.5
2
3
4
5
6
7
8
9
340-0
79-2
260.6
117-9
14.3
31-0
80-4
17.2
371-6
87.4
284.2
119.2
16-4
38.4
103.4
6-8
398-3
161-3
237.0
90.4
7.9
40.9
71.9
25.9
538-9
186.6
352.3
190.4
4.5
65.2
54.6
37.6
755-6
198.8
556.8
249.5
2.9
77.8
181.7
45.0
747.0
171.9
575. 1
280.9
.4
91.4
183.5
18.6
704.7
194.9
509.0
232.1
6.5
75-0
143.4
52.9
909.9
254-9
655.0
269.3
1.1
•70-1
230.3
84.3
675.5
144.1
531.4
263-5
-11.0
73.9
144.0
61.1
760.4
218. 1
542.4
272.6
-3.3
68.9
122.1
82.2
742-2
166.4
575.8
295.3
-8.1
73.3
98.5
116.8
Doaestic nonfinan. sectors
O.S. Government
Private doaestic
Households
Fare business
Monfara noncorp. bus.
Corporate business
State+local governaents
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
27-2
57-6
25.6
19-2
.2
6-9
7-4
-1-1
-.5
27-2
89.0
32.4
15-0
-.1
8-3
15-5
18.2
-.2
15.7
76-2
15.3
49.5
-6
1-9
2.5
6.3
*
18-9
85-2
1.4
66-4
-.2
8.6
-2.1
11-3
-.3
1-7
130-3
30.4
44.4
3.6
10-9
22-7
18-1
-2
52.3
110-7
28.9
36.2
8.9
23-2
25.2
-12.2
.5
-38.5
156.5
40.3
47-0
-2.9
-6.1
27.4
50.5
-3
-.4
126-2
21.6
51.4
9.1
9.8
23.9
10-7
-.2
-8.0
159-2
25.0
58-7
6.0
12.1
13.0
44.4
.1
-6.1
171.9
27.1
74.7
2-5
6.2
8.9
52.3
.2
5.8
164.5
3.0
65.6
1.0
7.4
22.6
64-5
-5
Foreign borr. in O.S.
Financial sectors
Sponsored credit agencies
Mortgage pools
Coaaercial banks
Bank affiliates
Sawings and loan assns.
Finance coapanies
Beits
10
11
12
13
14
15
16
17
18
19
424.9
487.8
490.2
643.0
887.6
910-0
822-7
1035.6
826-7
926.2
912.5
20
21
22
23
24
46.5
30.4
-4
-2-2
17-9
72.9
51.2
2.7
11.5
7.5
88.5
46-9
1-8
12.8
27.2
142.8
70-9
3.8
20.4
47.7
192-2
118.0
6.0
22-2
46. 1
236.1
170. 1
8.8
31-5
25-8
226.2
175.1
5.2
2.4
43.4
193. 1
68.7
7.1
34-9
82-4
253.4
192.6
5.6
-18.2
73-3
167.1
72.1
8.8
9-7
76.5
220-9
91.3
8- 1
30.6
90.9
25
26
23-3
23.7
16.2
24.0
22.8
15.9
27. 1
9-7
43.4
17.2
41.9
8.0
32.6
12.4
81.2
40.5
15-2
30.7
82.6
8.1
89.7
28.6
27
28
29
30
331.4
26.4
19-2
4-5
374-7
33.2
15.0
9.2
362.9
16-0
49-5
9-8
463-4
3-4
66.4
10.9
634.9
28.8
44.4
8.4
624.0
40.2
36-2
8.9
551.6
14. 1
47-0
-9.0
720.8
33-4
51-4
18.9
527.5
33.3
58.7
20.9
668.3
28.8
74.7
33.7
31
32
33
34
35
100-6
83.1
-.1
17.0
.5
102.3
95.6
.1
7.7
-1. 1
107-2
106.2
-1
.3
.6
136- 1
134.6
-.2
1.2
-5
181-9
174.6
.8
5.8
.7
179. 4
169.0
-9
9.0
-5
141-5
143-9
-9
-4.3
.9
194.4
175-2
1.4
16.8
.9
128. 1
128.2
-7
-1.9
1.2
36
37
38
39
40
180-7
54-5
46-2
5.9
2.4
215.0
27.4
22.8
.9
3.7
180.4
31.4
20-2
.7
10.6
246.6
140.5
105-4
18.5
16.7
371.3
143.0
119-8
10.4
12-8
359.3
177.8
150-3
12.6
15.0
358. 1
143.1
122-3
13.2
7.7
422.7
106.0
87.7
7.3
11.0
41
42
43
44
45
94-5
33.2
30-6
20-9
9-9
97.6
34.7
31. 1
22-5
9.4
107-4
43.5
35-6
23.4
5-0
94.2
50.6
25.9
16.0
1.7
123. 1
57.9
24.9
31-2
9. 1
127.7
55.6
32.6
29.5
10. 1
133.2
65.4
23-6
32.7
11.5
46
47
48
49
50
51
31.7
13-5
-.7
4-8
14.9
-.7
89.9
20-9
-1. 1
5-3
62.5
2.3
41.5
7-9
*
12-7
21.4
-.5
11.9
25.2
- 1
14-6
-21-4
-6.6
105.1
35.2
.9
25-7
38.0
5.3
53.8
36.6
.9
18.7
3.8
-6.2
81.8
26.4
.9
22.4
24.1
8-0
Total net lending
in credit aarkets
1
19
Private doa. nonfin. sectors
Households
Bonfarn noncorp. business
Corporate business
State * local governaents
20
21
22
23
24
Foreign
O.S. Governaent
25
26
573.2
16.0
65.6
-15.3
Financial institutions
Sponsored credit agencies
Mortgage pools
Federal reserve systea
27
28
29
30
171. 1
151.0
1.0
17.7
1.3
143.7
140.5
1.4
-3
1-5
Coaaercial banking
Coaaercial banks
Bank affiliates
Foreign banking offices
Banks in O.S. poss.
31
32
33
34
35
286.6
108.4
66.4
21.9
20.2
360. 1
15.6
-3.4
2.4
16.6
363.2
130.8
98.8
14.9
17. 1
Private nonbank finance
Savings institutions
Savings ♦ loan assns.
Mutual savings banks
Credit unions
36
37
38
39
40
135-6
63.6
26.0
35.8
10.2
66.9
48.9
22.0
-12.5
8.4
167.4
66.3
31.7
57.8
11.6
133-3
64. 1
33.2
26.7
9-3
Insurance sector
Life insurance cos.
Private pension funds
St.+loc.govt.rtr.funds
Other insurance cos.
41
42
43
44
45
181.1
41.6
.9
29.4
91.6
17.6
111-3
41.8
-9
72-7
-.3
-3.7
177. 1
34.8
.9
79.6
50. 1
11.7
99.1
46.2
.6
88.6
-28.4
-7.9
Finance n.e.c.
Finance coapanies
Beits
Mutual funds
Money aarket funds
Brokers and dealers
46
47
48
49
50
51
(D Excludes corporate eguities.
--------------
——
.
Total Liabilities and Their Belation to Total Financial Assets
Met flows through credit aarkets (froa
926.2
912.5
preceding table)
Other financial sources:
-4
Official foreign exchange
.7
-3
Treasury curr. and SDB ctfs.
.1
2
3
156.2
55.2
141- 1
-21.2
-5-0
-12-8
-1.2
Deposits at financial insts.
Checkable deposits
Small tiae ♦ savings dep.
Money aarket fund shares
Large tiae deposits
Security BP's
Foreign deposits
4
5
6
7
8
9
10
8-3
173.0
7.6
176.0
Life insurance reserves
Pension fund reserves
11
12
33-8
16.9
3-3
23.1
-12.8
-46.4
46.4
5-3
34.9
36-7
12.6
-4
-45.5
105.5
42. 1
27.9
-10.4
15.0
-7. 1
-52.6
65.2
Interbank claias
13
14
Corporate eguities
15
Security credit
Trade debt
16
17
Profit taxes payable
Boncorp. proprietors' eguity 18
Miscellaneous
19
1186.3
1523.9
1
424.9
487.8
490.2
643.0
887.6
910.0
822.7
1035.6
826-7
2
3
8.0
1-3
2. 1
1-2
3.0
1.7
-5
-5
1-4
-.7
3- 1
.6
.6
-1
.3
.6
-.8
1.1
4
5
6
7
8
9
10
215-7
16.2
86.6
29-2
61.0
19-9
2-8
273-7
28.2
47.5
107.5
61.8
16-2
12-6
217-5
37-8
139-8
24.7
3-4
9-5
2-4
222-0
39.5
217-7
-44.1
-18-1
24.0
3.0
331.0
46.9
149.2
47.2
76- 1
16-3
-4.7
316. 3
37.3
153.4
15.4
114.4
4.5
-8.7
255.4
7-9
165.4
20.5
37-8
25.5
-1.7
401.6
68.3
171-8
107.9
69.3
-3.0
-12-6
160-3
-23-4
145-7
-12- 1
46.3
5.7
-1-9
265-6
146.3
183.9
20.4
-55.8
-12.2
-17.2
11
12
9-7
106.3
9-2
109-0
7.2
140. 1
8.0
136.2
5.2
129-8
4.5
126.0
4-5
123.9
5-9
150-6
6-2
128.4
13
14
15
16
17
18
19
-29-5
21.9
12-5
47-2
-3-1
-41.6
66.7
-15-8
-3-0
.8
3 5.6
-8-4
-25-1
101.7
-12-2
35.3
7.4
-5. 1
-14. 1
-30.4
78-0
14.4
67.8
12-2
43-0
5.8
-66. 4
78.3
37-2
-33.1
2.1
34.7
-5
-57.0
117.0
42-9
-71.8
-13.4
42.5
11.4
-70.3
155-8
34.6
-23.4
-.4
27.8
-14.5
-58.0
81.6
9-5
-27.6
11-5
-3-8
-5.5
-49.5
149. 1
20
839.9
96 8.8
918.4
1165.2
1456.8
1453-7
1254.6
1681.0
1333.2 Total financial sources
21
22
23
-.6
2.3
-9.5
-1.1
4. 1
7.8
-.4
3.2
1.2
1-4
.1
-16.2
-3
3.2
-14- 1
-5.4
-1.5
-28-9
6.2
-.6
-6-3
.9
6.9
-11. 1
2.2
-3.3
-22.0
-2.3
-3.3
16.4
1.4
-3.5
10.8
24
25
26
27
28
-.2
-3-4
8.4
.6
-16.6
-.2
-2-4
-4.5
.7
-.5
-.2
15-7
-5.8
-. 1
.6
-.2
-1. 1
-3
- 1
18.4
-. 1
19. 1
-10.3
.1
-2.8
-.3
13.6
-11.2
-1.1
-6.8
-.2
5.0
-10.3
.9
9.7
-.2
19-5
-20.0
.6
2-6
.4
6-7
21.8
-.9
-14-6
-.7
4.3
-7.5
.7
15.6
-.3
12.5
1-5
-1-3
5-3
29
858.8
96 4.9
904.2
1162-5
1461.4
1495-3
1250.2
1661.9
1196-0
1500.8
1306.9
BILLIOBS UF DOLLABS.
III/85 BASED OB IBCOHPLETE IBFOBMATIOB
- Floats not incl. ia assets
Deaand dep.:
O.S. Govt.
Other
Trade credit
- Liabilities not allocated
as assets
Treasury currency
Interbank claias
Security BP's
Profit taxes payable
Miscellaneous
Totals allocated to sectors
as assets
1
20
21
22
23
24
25
26
27
28
29
DECEMBER 6, 1985
Saving by Individuals
Saving by Individuals
Aaount and Conposition of Individuals* Saving (1)
52
UNADJUSTED NET FLOWS($ HILL)
UNADJUSTED NET FLOWS (5 HILL)
I
1
II
1984
III
IV
J
1
I
1985
II
III
1 Increase in finaacial assets
129,392 148,823 133,212 111,084 123,444 139,140
6,948
2,740 12,408
-920 16,584 30,452
2
Checkable deposits and curr.
59,820 53,916 57,069 38,447 32,112 20,706
3
Tiae and savings deposits
3,854
4
5, 129 26,972 -3,024
5,108 -5,292
Honey aarket fund shares
5
6
7
8
9
10
11
12
13
14
15
16
17
18
Securities
U.S. savings bonds
Other U.S. Treasury secur.
U.S. Govt, agency secur.
Taz-exeapt Obligations
Corporate + foreign bonds
Open-aarket paper
Hutual fund shares
Other corporate eguities
Private life insurance res.
Private insured pension res.
Private noninsured pen. res.
Govt, insurance * pen. res.
Hiscellaneous finan. assets
19 Gross inv. in tangible assets
20
Ovner-occupied hones
21
Other fixed assets (2)
22
Consuaer durables
23
Inventories (2)
1975
BILLIONS OF DOLLABS
1976
1977
1978
1979
174.4
6.9
84.2
1-3
210.3
15. 7
106.2
*
235.7
19.9
108.2
.2
274.2
22.5
102. 1
6.9
293.5
21.5
74.4
34.4
1
2
3
4
33,157
1,551
2,881
8,790
23,945
13.3
4.0
10.9
-3.4
6.2
9.2
4.7
-1.0
2.7
2.0
16.8
4.7
8.2
5.5
-1.5
26.0
3.9
15.4
6. 1
4. 1
32-2
-.8
19.8
16.4
10.4
5
6
7
8
9
-7,197
-392
6,893 12,543 -9,566 -12,918
6,794 -4,916 -8,712
19,800 -2,036
9,463
6,278
8,674
9,084 23,191 22,915 23,234
-19,879 -19,004 -22,546 -30,541 -17,462 -23,789
6.3
-6.0
-.3
-4. 4
10.8
-4.8
-2.4
-2. 6
-.2
3.9
.9
-4.8
-6.3
8. 1
-. 1
-5.3
-1-4
6. 6
. 1
-18.9
10
11
12
13
1,833
13,454
13,775
27,833
3,222
7.9
8.7
23. 1
15-1
13.8
8.6
15.0
18.9
17.7
19.2
9.3
16.8
23. 1
22.5
18.9
10.9
19. 1
28.7
27.9
30.2
10.4
19.4
40.9
24.4
36.0
14
15
16
17
18
141,b77 146,349 155,160 138,071 148,690 157,059
28,099 34,077 35,526 36,298 29,443 36,241
31,209 29,758 27,142 25,499 32,426 31,628
79,972 78,738 90,650 75,044 84,568 88,488
2,397
3,776
1,842
1,230
2,253
702
222.3
46.4
41.3
132.2
2.4
262.6
63. 8
43.0
15b. 8
-1.0
320.8
83.0
56.5
178.2
3. 1
375.6
100.5
71.9
200.2
3.0
408. 1
107.3
82- 1
213.4
5.3
19
20
21
22
23
166.6
22.2
38.7
105.7
183.2
24.5
41.8
116.9
203. 7
28.6
46.5
128.6
230.0
33-5
52.9
143.5
261-4
39- 1
61.3
160. 9
24
25
26
27
21,185
688
21,262
1,792
11,447
1,069
9,247
7,575
12,169
7,525
36,677 -9,566
761
817
29,235 -20,354
12,564
6,325
9, 755
18,927
1,056
12,825
2,780
25,586
8,114
1,416
13,816
8,807
14,839
7,451
47,133 20,780
928
1,254
2,840 -18,112
13,147 24,497
5,225 19,290
1,479
11,967
7,692
4,142
4,168
1,997
14,177
8,504
17,668
6,514
24 Capital consuaption allowances
25
Ovner-occupied hoaes
26
Other fixed assets (2)
27
Consuaer durables
97,509
14,184
25,499
57,826
99,339 100,910 102,501 104,056 106,209
14,494
14,728
15,265 15,771
16,042
25,892 26,352 26,355 26,455 27,338
58,953 59,830 60,881 61,830 62,829
28 Net inv. in tangible assets
29
Ovner-occupied hoaes
30
Other fixed assets (2)
31
Consuaer durables
32
Inventories (2)
44,168
13,915
5,710
22,146
2,397
47,010
19,583
3,866
19,785
3,776
54,250
20,798
790
30,820
1,842
35,570
21,033
-856
14,163
1,230
44,634
13,672
5,971
22,738
2,253
50,850
20,199
4,290
25,659
702
55.7
24.2
2.6
2b.5
2.4
79.4
39.2
1.2
40.0
-1.0
117. 1
54.4
10.0
49.6
3.1
145.7
67.0
19.0
56. 7
3.0
146.7
68.2
20.8
52.5
5.3
28
29
30
31
32
33 Net increase in debt
34
Htg. debt on nonfara hoaes
35
Other nortgage debt (2)
36
Consuaer credit
37
Security credit
38
Policy loans
39
Other debt (2)
98,956
34,455
26,155
31,109
-1,239
-214
8,690
83,591
33,507
21,773
27,680
-1,527
461
1,697
93,676
34,734
16,215
30,279
-466
46
12,868
61,248
35,382
11,685
14,158
928
-60
-845
96,572
32,208
19,891
29,798
2,842
-252
12,085
97,506
36,612
15,714
34,740
252
-32
10,220
78.4
40. b
18.1
9-b
.7
1.6
7.9
126. 7
61.4
21.3
25.4
4. 8
1-4
12.4
186.4
90.8
32.0
40.2
1.3
1.7
20.3
229.4
112.9
35. 1
48.8
1.2
2.6
28.8
243. 0
123. 0
41. 9
45. 4
1. 0
4.7
27. 0
33
34
35
36
37
38
39
40 Individuals' saving (1+28-33)
74,604 112,242
93,786
85,406
71,50 6
92,484
151-7
15. 1
2b. 5
163.0
17.7
40.0
16b.5
22.5
49. 6
190.5
27.9
56.7
197.2 40
24.4 41
52.5 42
.2
.1
109.8
-3
-. 1
104. 9
.6
-.3
94.0
-7
.2
105.0
.9 43
. 1 44
119.3 45
94.3
82.5
78.0
89.4
96.7 46
15-5
22.5
16.0
15.6
22. 6 47
(1) Coabined statenent for households, fara business,
and nonfara noncorporate business.
(2) Includes corporate faras.
III/85 BASED OH INCOHPLETE INFOBHATION
DECEMBER b, 1985
Saving hy Individuals
Saving hy Individuals
Amount and Composition of Individuals* Saving (1)
53
SEASONALLY ADJUSTED ANNUAL BATES
SEASONALLY ADJUSTED ANNUAL BATES
1985
II
II
1984
III
IV
521. 1
29.3
2 1b. 8
47.2
348. 7
35.9
233.3
15.4
527.9
4.8
225.1
20.5
556.9
38.8
208.5
107.9
473-8
6.9
177.5
-12.1
501.9
72.3
114.9
20.4
491.3 Increase in financial assets
119.6
Checkable deposits and curr.
Time and savings deposits
94.3
Money market fund shares
-21.2
1
2
3
4
77. 1
3. 1
36.3
2.8
42-3
65-7
3.0
50.5
23-5
40.6
100.9
2.7
127.9
4.9
30.9
117.6
2.7
70.9
41.4
42.0
17.8
2-0
-33.1
30.3
74.4
148.1
5-2
-33.1
58-7
36.1
85.0
4-9
-42.2
95.8
61.7
103.b
6.0
-37.7
24.9
99.9
5
6
7
8
9
3.9
-8.5
18.4
-24. 1
-9.2
-4. 1
32.8
-26.8
*
-10.4
37-7
-79.2
-14.0
3.9
28.7
-84. 1
-5.7
7.0
3 5.. 4
-76.0
22-7
-37.2
36. 1
-77.3
41.8
82-8
88-3
-131.6
-19.0
-34.8
95-8
-77- 1
-56.7
66.8
93.5
-93.3
8.9
29.5
37.9
41.8
31.2
7.0
39.7
54.2
46. 4
32.4
7.8
40.2
46.2
50-0
17-9
3.0
45.2
26.0
58.8
27.2
4.3
37.0
36. 6
52. b
32.7
4.2
51.3
4.3
68.5
31.6
5.7
55.3
27.8
67.8
27.4
5.9
47.9
42-0
38-9
18.9
8-0
56-7
42.2
74.4
28.0
7.3
53.8
45.9
76.6
11.3
386.7
100.3
78.3
214.7
-6.0
437.2
96.0
96.7
235.4
9.0
421.0
75.2
104.6
245- 1
-4.0
483.8
108.2
106. 1
279.8
-10.3
575.3
132. 1
112.7
318.8
1 1.8
572.6
132.5
111.6
320. 7
7.8
577.9
135.4
113.9
317.2
11.4
585-8
133-9
114.0
326.3
11.7
591.3
134.5
115.8
334.8
6-2
601.4
139.4
115.8
339.2
7.0
618.4 Gross inv. in tangible assets
141.6
Owner-occupied homes
12 1.3
Other fixed assets (2)
356.8
Consuaer durables
-1.2
Inventories (2)
19
20
21
22
23
24
25
26
27
298.0
44.1
72-U
182.0
326.5
4 8.5
81.6
196.3
349-4
51. 1
88.6
209.6
3b7. 0
53.2
95.5
218.3
393.4
57.4
102.4
233.6
390. 0
56-7
102. 0
231.3
397.4
58.0
103.6
235.8
403.6
58-9
105. 4
239-3
410.0
61-1
105.4
243.5
416.2
63. 1
105.8
247.3
424.8 Capital consumption allowances
Owner-occupied homes
64.2
Other fixed assets (2)
109.4
251.3
Consuaer durables
24
25
26
27
28
29
30
31
32
88.7
5b.2
6.3
32.8
-6.6
110.7
4 7. 6
15. 1
39. 1
9.0
71.6
24. 1
15. 9
35.5
-4.0
116.8
54.9
10.7
61.5
-10.3
181.9
74.7
10.3
85.2
11.8
182.5
75. 8
9.6
89. 4
7.8
180.5
77.4
10.3
81-4
11.4
182-2
75.0
8-5
86.9
11.7
181.3
73-4
10.4
91-3
6-2
185.2
76.4
10.0
91.9
7.0
193.6 Net inv. in tangible assets
77.4
Owner-occupied homes
11.9
Other fixed assets (2)
105.5
Consumer durables
-1.2
Inventories (2)
28
29
30
31
32
33
34
35
36
37
38
39
173.4
95.4
32.0
4.7
6.5
6.7
28.2
17b.8
74.4
36. 1
22-7
-1.7
7.4
3 7.9
143.2
49.5
38.0
20. 1
3.8
27.6
272.3
110. 1
t>2. 7
59.8
8.4
1. 1
30.3
332.5
138.5
75.2
96.5
-3. 1
.5
24.9
373.3
150.4
89. 1
125. 4
-5.0
9
14.2
312. 1
134.5
78.3
90.2
-6. 1
1.8
13.3
345- 1
136.6
72.0
91.5
-1.9
-2
46.7
337.4
129-0
65-9
121-3
3.7
-.2
17.7
353.4
141.3
62.3
112. 1
11.4
-1.0
27.4
365.5 Net increase in debt
148.7
Htg. debt on nonfarn hoaes
Otner aortgage debt (2)
53. 1
115.2
Consuaer credit
1.0
Security credit
-. 1
Policy loans
47.b
Other debt (2)
33
34
35
36
37
38
39
40
41
42
235.1
35.3
32.8
290.2
41.8
39. 1
29 3.5
4 6. 4
35.5
281.7
50.0
61.5
370.5
58.8
85.2
358.0
52. 6
89. 4
396.4
68.5
81.4
394.0
67.8
86.9
317.8
38.9
91.3
333.7
74.4
91.9
40
41
42
43
44
45
1.8
-.5
165.7
2.7
-.8
207.4
2-4
5
209.8
4.4
-. 1
165.9
6.0
.3
220.2
5. 2
.2
210. 5
4.3
-3
241.9
3-9
.4
235.0
2.0
.5
185. 1
4.0
.7
162.7
319.3 Individuals* saving (1+28-33)
7b. 6 - Govt, insurance + pen. res.
105.5 - Net investaent in cons. dur.
- Capital gains dividends
fron mutual tunds
4.0
-9 - Net saving by farn corps132.4 = Personal saving, F/F oasis
46
110.2
137.4
136-0
118. 1
156. 1
144. 8
164. 1
163.0
118.6
139. 4
47
55.5
70- 1
73.8
47.8
64. 1
65.7
77.8
72-0
66.5
23.3
1980
1981
1982
1983
1984
1
2
3
4
319.7
10.2
126.5
29.2
356.2
31.8
66.7
107.5
365.2
16.9
119.2
24.7
437.2
43.3
198-8
-44- 1
5
6
7
8
9
3.b
-7.3
17.3
6.9
7.0
.9
-4.3
28.4
6.7
11.0
24.7
15.2
-9.2
28.9
10
11
12
13
-11.0
-.8
5.2
-13.5
-3.9
-7.3
6.3
-36.0
14
15
16
17
18
9.7
22.3
48.7
35.3
34. 1
19
20
21
22
23
.2
4.2
J
4
1
1.
I
HI
Securities
U.S. savings bonds
Other U.S. Treasury secur.
U.S. Govt, agency secur.
Tax-exeapt Obligations
Corporate ♦ foreign 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..
Miscellaneous finan. assets
(2) Includes corporate farms.
111/85 BASED ON INCOMPLETE INFORMATION
14
15
16
17
18
43
44
45
73.8 Personal saving, NIPA basis
46
58.6 Difference
47
(1) Combined statement foe households, farm business,
and nonfarm noncorporate business.
BILLIONS OF DOLLAhS.
10
11
12
13
DECEMBER 6, 1985
Discrepancies
Discrepancies
Discrepancies - Sunnary for Sectors aad Transactions
54
OMADJOSTED HET FLOWS(S HILL)
OMADJOSTED HET FLOWS(S HILL)
!
II
1984
III
IV
1
1
I
1985
II
ill
BILLIONS OF DOLLARS
1976
1978
1977
1975
1979
Sector Discrepancies
1 Total, all sectors
2
Households
3
Honfin. corporate business
4
State and local governnents
5
O.S. Governnent
6
Foreign
-6,299 -9,05o
-11,358 -18,830
7,301
7,102
1,845 -6,963
2,541 -1,792
-1,754 11,483
30,882 -19,196
-2,219 -39,721
20,950 -1,725
2,663
5,117
2,330
5,060
12,030
1,905
10,852 -4,509
380 -14,497
5,637
6,611
1,861 -5,817
-4,410
-926
6,702 10,929
4.0
-15.5
6.0
5.4
2.7
3. 7
3.0
-22.5
9.2
0.3
4.0
9.0
-1.3
-16.0
16.5
1.9
5.8
-2.9
17.2
-15.0
23.8
4.8
3.9
11.5
6.9
-22.6
1.4
8.9
o. 0
27.5
-14.3 7
•6 8
9
-9.5 10
1
2
3
4
5
6
7
8
9
10
Financial sectors
Sponsored credit agencies
Honetary authority
Connercial banks
-4,874
180
-1,179
-56
51
-3,708
-747
118
-792
43
32
-2,106
682
-24
-1,357
-809
68
-3,369
.3
.3
.1
-3.8
.3
-1.4
-6.5
.4
-6.1
-11.0
.5
-8.2
11
12
13
14
15
16
Private nonbank finance
Savings and loan assns.
Hutual savings nanks
Life insurance
Other insurance
Finance n.e.c.
-3,875
223
204
425
540
-5,267
3,601
135
137
683
673
1,973
-73
104
179
493
783
-1,632
2,117
25
-3
435
437
1,223
2,003
196
-333
-041
1,144
1,697
2,492
36
-445
796
197
1,908
-.1
*
-. 1
—.4
-.9
1.2
-2.0
-.2
—.2
•2
-2.8
.3
-.8
-.5
-.3
1.5
-1. 5
*
-3.3
-.2
-.1
1.7
-.7
-4.0
-5.5
-.3
•
—.4
1. 1
-6.0
11
12
13
14
15
16
Transaction Discrepancies
1 Total, all types
2
Treasury currency
3
Interbank clains
4
Security RP’s
Denand deposit aail floats:
5
O.S. Governaent
6
Other
7
8
9
10
11
12
Trade credit
Profit taxes payable
Hiscellaneous
Nonfinancial
Nonfinancial coaponents:
NIPA discrepancy (neg.)
Pvt. wage accr. less disb.
-0,299
-69
3,755
-3,9b3
-9,056
-41
1,923
-1,305
30,882 -19,196
107
-40
1,930
3,976
-3,984
4,363
10,852
-177
1,275
-3,303
-4,509
-66
3,796
1,925
4.0
-.1
-3.0
4.0
3.0
-.1
—.9
9.3
-1.3
-.3
-5.4
5.5
17.2
«
.8
10.9
6.9
-.2
-1.7
3.4
1
2
3
4
-522
-965
852
-6,579
371
17,399
263
-9,238
252
-1,329
-380
-7,579
.1
1.0
—.8
.6
1.5
1.8
a
-.5
.3
-. 1
5
6
-8,514
5
-693
4,667
-5,432
-1,104
448
2,242
19,805 -24,086
-834
1,818
-1,703
-700
-2,002
4,361
3,312
364
4,627
5,831
-2,440
-1,611
-1,281
3,127
3.0
-1.0
5.5
-5.5
-4.4
.2
4.8
-5. 1
-10.2
-1.0
8.2
-1.3
-4.2
1-5
6.2
2-5
-13.0 7
1.8 8
14. fa 9
1.5 10
-4,667
-
-2,242
-
-5,831
-
-3,127
-
5.5
-
5. 1
-
1.3
-
-2.5
-
-1.5 11
12
-
5
III/85 BASED OH IHCOHPLETE IHFOBHATIOH
2,002
-
-4,361
DECEMBER 6, 1985
Discrepancies
Discrepancies
Discrepancies - Suaaary for Sectors and Transactions
SEASOHALLT ADJOSTED AHHOAL BATES
SEASOHALLT ADJOSTED AHHOAL BATES
1980
1981
1982
1983
1984
J
1
II
1984
III
IF
|
|
I
1985
II
III
Sector Discrepancies
1
2
3
4
5
6
-21.2
-55.5
20-0
7-0
-.5
21.6
-1.7
-70.1
37.0
2.0
9.6
22.6
14.7
-73.8
58.9
-2.9
3.3
31.3
2-3
-47.8
47.3
1.0
9.1
4.6
2.8
-64.1
43.4
2.6
11.2
16.6
-32-6
-65.7
40.7
3.6
-1.0
10-7
17.4
-77.8
47.1
-.7
11.7
33.4
9-0
-72.0
55.3
1-5
12.5
19.0
-1-6
-66.5
20.1
6.5
8.2
28.6
36.8
-23.3
36.4
7
8
9
10
-13.7
1-1
-9-8
-2.9
.7
-7.8
-2.2
.8
-7.0
-11.9
.7
-8.7
-6.7
.4
-6.8
-20.9
1-2
*
-5. 1
3.7
-5
-11.7
-7.2
-.6
*
-4.6
1.5
.5
-10.2
3.4
.4
*
-6.2
.3
-5
-10.0
Financial sectors
Sponsored credit agencies
Honetary authority
Coaaercial bants
7
8
9
10
11
12
13
14
15
16
-5.0
-7
-.2
-1
4.2
-9.8
4.2
-.3
-.4
1.2
1.0
2.6
4.0
1.2
-.7
*
1.6
1.9
-3.9
.1
-.5
1.4
.4
-5.3
-.3
-5
-7
2.0
2.8
-6.3
-17.0
.6
1.3
1.3
-1
-20.4
14.9
.6
.1
1.4
4.1
8.8
-2.0
.4
-1
2.0
2.8
-7.3
11.1
.4
.7
3.5
2.8
3.7
9.2
.5
-.7
-3.2
9-8
.2
-2.3
1.3
2.2
8.3
Private nonbant finance
Savings and loan assns.
Hatual savings bants
Life insurance
Other insurance
Finance n.e.c.
11
12
13
14
15
16
1
2
3
4
Trade credit
Profit taxes payable
Hiscellaneous
Honfinancial
7
8
9
10
2.9
-31.5
49.0
2.5
10.2
35.1 Total, all sectors
Hoaseholds
-58.6
43.5
Honfin. corporate basiness
4.9
State and local governnents
17.7
0-S- Governnent
Foreign
27.3
1
2
3
4
5
6
Transaction Discrepancies
1
2
3
4
-21.2
-.2
-3.4
8.4
-1.7
-.2
-2.4
-4.5
14.7
-.2
15-7
-5.8
2.3
-.2
-1.1
-3
2.8
-.1
19. 1
-10.3
-32.6
-.3
13.6
-11.2
17.4
-.2
5.0
-10.3
9.0
-.2
19-5
-20.0
-1.6
.4
6.7
21.8
36.8
-.7
4.3
-7.5
5
6
-.6
2-3
-1.1
4. 1
-.4
3.2
1.4
.1
.3
3-2
-5.4
-1.5
6.2
-.6
.9
6.9
2.2
-3.3
-2.3
-3.3
35. 1 Total, all types
-.3
Treasary currency
12.5
Xnterbant claias
1.5
Secarity BP*s
Denand deposit aail floats:
1.4
O.S. Governaent
-3.5
Other
7
8
9
10
-9.5
-16.6
-2.3
7.8
.7
-.5
-5.6
1.2
-. 1
.6
.5
-16.2
-1
18.4
-.5
-14. 1
.1
-2.8
7.4
-28.9
-1. 1
-6.8
9-0
-6.3
.9
9.7
13.0
-11.1
.6
2.6
9-9
-22.0
-.9
-14.6
8-1
16.4
-7
15.6
13.7
10.8
-1.3
5.3
8.9
2.3
5.6
-.5
-
.5
-7.4
-9.0
-13.0
-
-9.9
-8.1
-13.7
-8.9
11
12
-6
BILLIOHS OF DOLLABS.
III/85 BASED OH IHCOHPLETE IHIOBHATIOH
Nonfinancial conponents:
HIP A discrepancy (neg.)
Pvt. wage accr. less disb.
5
6
11
12
@FedFRASER