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Z.l Febuary 1984 Flow of Funds 1983: Q4 Flow of Funds Accounts, Fourth Quater 1983 Seasonally Adjusted and Unadjusted Board of Governors of the Federal Reserve System, Washington, D.C. 20551 CONTENTS PAGE ii i,iv Credit 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 Summary Savings Institutions Insurance + Pension Funds Finance N.E.C. TRANSACTION TABLES 28 30 32 34 36,38 40 42 44 46,48 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 Fourth Quarter 1983 Credit aggregates. Growth rates for total debt of domestic nonfinancial sectors appear on page iii following, and outstanding amounts of that debt are on page iv. Private borrowing accelerated markedly in the fourth quarter, mainly in consumer credit and bank loans, but U.S. government borrowing was at the lowest quarterly rate for the year. Financing of Federal operations during the fourth quarter included a large runoff in Treasury cash balances, as shown on page 15, line 18, as an alternative to borrowing. Growth rates in the table are calculated by dividing the net flow of credit, at seasonally adjusted annual rates, by the outstanding level of debt at the beginning of the period. Quarterly levels used as the base for the calculation are year-end levels incremented through the year by seasonally adjusted flows (at quarterly rates) with allowance for statistical discontinuities that exist in the data. The table includes recent quarterly outstandings calculated in this fashion. Revisions for 1983. These tables include sizable revisions from the November publication for the first 3 quarters of 1983. The revisions for the third quarter include many kinds of data not available in November, most notably the September call report for commercial banks. Bank call reports affect many different items in the accounts, ranging from international transactions with foreign branches and affiliates to business loans and ownership of bank deposits. Revisions for the first and second quarters consist mainly of a reduced estimate for home mortgage flows—a form of household borrowing—a higher estimate for commercial mortgages—a form of noncorporate business borrowing. 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 principle 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 - i - compiled within five or six months of the end of the quarter, and the distinction between the two columns is not between final and preliminary versions of data but rather between those source estimates that are fully ready when the first quarterly estimate is put together and those that are not yet completed. Availability. This publication is part of quarterly series that is usually available at the middle of the second month following the last quarter reported and that is distributed to a mailing list. The process of printing and mailing causes delays of up to two weeks or more from the time the estimates are completed, and to facilitate earlier access in the meantime copies of the computer printouts are distributed to Federal Reserve Bank information offices for use by the public. The current quarterly tables are an extension of a body of data that begins in 1946 in annual form and in 1952 quarterly. Annual-total flows and year-end outstandings were most recently published in Flow of Funds Accounts 1949-78 (December 1979). That publication is superceded, however, by the historical revisions that first appeared in the August 1981 publication in this quarterly series, and a replacement volume will appear in the near future. Meanwhile, quarterly data are available in computer data tape form for the complete set of accounts or in specific printings of selected tables on request. A complete set of tables on levels, or stocks, of financial claims will be published soon. Requests and inquiries about the data, historical tabulations and computer tapes of the data should be addressed to: Flow of Funds Section Room B-5100, Stop 95 Board of Governors of the Federal Reserve System 20th and Constitution Ave. Washington, D. C. 20551 (202) 452-3482. ii - 22, 1984 DEBT GHCwTH HATES FEBRUARY DEBT GROWTH RATES GROWTH BATES OP flid'OR DEBT AGGREGATES (BILLIONS OP DOLLABS) DOMESTIC NONFINANCIAL- TCTAL 0. S. GOVT. PVT. NONFIN. HOUSE- NONFIN. HOLDS BUSINESS STATE 6 LOCAL GOVTS. FOREIGN NON FINAN CIAL FINAN CIAL ALL SECTOR PRIVATE FINANCIAL ASSETS ANNUAL CHANGE (PIN CENT) 1900 1070 6.9 6.9 -1. 3 4. 1 9.4 7.7 8.2 5.5 11.0 9.8 8.4 8.2 7.5 5.0 7.0 6.9 35.4 13.5 8.5 7.3 5.5 6.9 1971 1972 1973 1974 9.6 10.3 10.6 9. 1 8. 3 4.6 2.4 3. 4 10.0 11.7 12.9 10.4 9.3 12.3 13. 1 8.0 10. 1 12. 1 14.3 13.3 11.9 8.7 7.3 8.0 9.3 9.3 10.5 22.4 9.6 10.2 10.8 9.6 8.9 19.2 30.9 20.1 9.6 10.9 12.4 10.5 9.6 12.0 11.9 9.0 1975 1976 1977 1978 9.2 10.6 12.6 13.0 23.7 15.5 11.0 9.4 6.2 9.5 13.0 13.9 7.2 11.5 15.8 16.9 5.2 8.3 12. 1 12.5 6.6 6.8 6.5 7.5 14.2 21.2 12.2 27.2 9.4 11.0 12.6 13.6 3. 1 8.8 17.5 24.3 8.8 10.8 13.0 14.6 10. 1 10.8 10.3 11.2 1979 1980 1981 1982 12.0 9.5 9.6 9.2 6.0 11.9 11.8 19.4 13.5 9.0 9.0 6.7 15. 1 8.7 8.2 5.4 13.2 9.7 11.2 7. 1 7.5 6.9 3.1 11.2 12.5 14.9 13.0 6.6 12.0 9.8 9.7 9.0 21.6 13.6 16.2 11.3 13.0 10.2 10.5 9.3 12.0 10. 1 11.1 9.1 1983 10.8 16.8 8.7 9.8 7.3 10.0 8.5 10.7 12.9 11.0 10.5 UUABTERLT GROWTH RATES (SEASONALLY ADJUSTED ANNOAJ. RATBS) 1981 — J II III IV 9.5 10. 1 8.5 8.8 14.0 9.4 5.8 16. 1 H. 5 10.3 9.1 7. 1 9.2 9.7 8.2 4.9 8.8 12.8 11.6 10.0 4.0 1.8 2.2 4.2 14.3 15.6 10.3 9.4 9.8 10.4 8.6 8.8 12.2 20.3 21.9 6.9 10.0 11.5 10.1 8.6 11.1 10.4 10.6 10.6 1982 -- I II III IV 7.7 8.7 9.8 9.3 11.5 13.8 23.4 24.0 6.8 7.4 6.5 5.5 4.7 6.2 4.8 5.7 9.1 7.6 7.8 3.2 5.6 12.4 9.0 16.3 4.9 6.6 5.5 11.6 7.5 8.6 9.6 9.4 12.0 16.7 5.9 8.8 8. 1 9.6 9.2 9.3 7.1 8.7 9.4 10.0 1983 — I II III IV 6.8 12.1 10.1 10.6 19.4 25.9 15.2 10. 1 5.9 8.3 8.7 10.8 6.6 8.7 10.2 12.4 4.7 5.6 7.6 10.6 8.4 19.2 6.7 4.5 6.9 9.2 3.4 13.4 8.7 12.0 9.8 10.8 11.8 9.5 11.9 16.1 9. 1 11.7 10.1 11.4 9.5 10.7 9.4 10.6 - iii - FEBRUARY 22, 1984 DEBT GROWTU BATES DEBT GROWTH RATES GROWTH RATES OF MAJOR DEBT AGGREGATES (BILLIOHS OF DOLLARS) TOTAL DOMESTIC NONFIHANCIAL---------------------STATE £ 0. S. PVT. HOUSE- NONFIN. LOCAL GOVT. NONFIN. HOLDS BUSINESS GOVTS. FOREIGN HOHFINAN CIAL FINAN CIAL ALL SECTOR PRIVATE FIHAHCIAL ASSETS YEAR-END OUTSTANDINGS 1968 1969 1970 1971 1972 1252.5 1339.5 1432.3 1569.9 1730.9 292.6 289.0 30G.8 325.7 340.8 959.9 1050.5 1131.5 1244.2 1390.1 421.3 455.9 481.0 526.2 591.0 411.3 456.7 501.3 551. 1 617.8 127.2 137.9 149.2 166.9 181.4 45.0 48.3 50.6 54.8 60.6 1297.5 1387.8 1482.9 1624.7 1791.6 73.9 100.5 114.1 124.2 148.2 1371.3 1488.3 1597.0 1748.9 1939.8 887.4 937.3 1002.1 1098.4 1228.6 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 2281.5 670.5 724.2 776. 1 866.5 1004. 1 705.9 800.0 843.5 912.2 1023.9 193.7 209.2 222.9 238.2 253.6 67.0 79.8 91.2 110.6 123.9 1986.2 2174.0 2380.0 2643.2 2978.0 194.0 232.6 239.9 261. 1 307.1 2160.2 2406.7 2619.9 2904.3 3285.0 1374.3 1500.2 1652.2 1830.7 2020.5 1978 1979 1980 3218.1 3604.2 3946.9 626. 2 663.6 742.8 2591.9 2940.7 3204. 1 1171.8 1348.9 1468.8 1147.3 1298.5 1421.7 272.7 293.2 313.6 161.9 182.5 209.6 3380.0 3786.7 4156.4 381.6 465.3 528.6 3761.6 4252.0 4685.1 2245.5 2516.5 2775.0 QUARTERLY OUTSTANDINGS, SEASONALLY ADJUSTED 1981 — I II III IV 4040.5 4142.8 4230.8 4323.8 76 8.7 786.7 79 8.0 830. 1 3271.9 3356.2 3432.8 3493.7 1502.5 1538.7 1570.2 1594.2 1452.7 1499.3 154 2.7 1576.3 316.7 318.1 319.9 323.2 217.3 225.8 231.6 237.0 4257.9 4368.6 4462.4 4560.8 544.8 572.3 603.7 614.0 4802.6 4940.9 5066.0 5174.8 2852.2 2926.7 3004.6 3084.9 1982 — I II III IV 4406. 1 4501.6 4605.8 4710.1 854. 0 883.6 935.2 991.4 3552.1 3618.0 3670.5 3718.7 1612.8 1637.8 1653.2 1674.4 1611.6 1642.3 1671.8 1684.8 327.8 337.9 345.5 359.6 211.3 214.8 217.7 226.4 4617.5 4716.4 4823.5 4936.5 632.5 658.9 668.7 686.8 5250.0 5375.3 5492.2 5623.3 3130.5 3198.6 3275.5 3364.1 1983 -- I II III IV 4812.5 4958.1 5083.7 5219.0 1039.5 1106.9 1148.9 1177.9 3773.0 3851-2 3934.8 4041.0 1696. 1 1732.9 1777.2 1832.2 1709.9 1733.6 1766.4 1813.3 367.1 384.7 391.2 395.5 230.3 235.6 237.6 245.6 5042.9 5193.7 5321.3 5464.5 707.4 724.1 745.7 775.7 5750.2 5917.9 6067.0 6240.3 3443.9 3535.9 3619.2 3715.1 iv - Information Status for Preliminary Estimates NONFINANCIAL— 1. * National income and product accounts Available Major items missing Second quarterly estimate, seasonally adjusted Seasonally unadjusted data. FINANCIAL— 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 investment. For current quarter: gross security offerings, mortgages, bank loans, open-market paper, finance company loans• Working capital, foreign direct investment, U.S. Government loans 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) Preceding quarter complete except reports by U.S. nonbanking concerns. Current quarter for bank-reported capital movements. Direct investment flows for current quarter and claims and liabilities of U.S. nonbanking concerns for two quarters. for this sector are almost entirely residual and derived from data sectors. Availability is thus dependent on schedules for other Principal types of borrowing—mortgages and consumer credit—are in time for first quarterly estimates. v See item 9 FINANCIAL— U«S« Government Available Major Items missing 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, Borne 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 monthly basis Detailed balance sheets and liquidity statements 14. Mutual savings banks Two months of quarter Last month of quarter 15. Credit unions Deposit flows and consuaer credit Other assets 16. Life insurance coapanies Two months of quarter Last month 17. Private Pension Funds Third quarter 1981 Later quarters 18. State and local government retirement system Preceding quarter Current quarter 19. Other insurance companies Preceding quarter Current quarter 6. 3. - vi FINANCIAL— Available Major items missing 20. Finance companies Complete None 21. REIT's Preceding quarter Current quarter 22. Investment companies and money market funds Complete None 23 Security brokers and dealers Borrowings Assets - vii PEBBOABT 22, 1984 Iacoae and Prod act Oiatribatioa lacone and Product Distribution Incoae aad Product Accounts: GBP Expenditures and Gross Saving SBASOBALLY ADJUSTED ABMUAL BATES SBASOB1LLT ADJUSTED ABBUAL BATES 1 1982 1 III | 1 1983 1979 1980 1981 2417.8 2631.7 2954.1 3073.0 3310.8 3090.7 3109.6 3171.5 3272.0 3362.2 3437.4 Total GBP 1 2 3 4 5 6 1981.5 1507.2 213.4 306.0 168.3 2205.9 1668. 1 214.7 340.8 197.0 2452.9 1857.2 236.1 366.5 229.2 2641. 1 1991.9 244.5 390.5 258.7 2847.0 2157.0 279.1 414.8 27X2 2664.5 2008.8 243.4 394.0 261.7 2726.6 2046.9 252.1 400.5 279.2 2750.5 2073.0 258.5 404.0 273.5 2830.4 2147.0 277.7 409.7 273.7 2879.4 2181.1 282.8 420.2 278.1 2927.9 Current outlays Households 2227.0 297.4 Of vhich consuaer durables 425.3 State and local governaents 275.6 O.S. Governaent 2 3 4 5 6 7 8 9 10 11 12 13 423.0 408.8 118.6 5.0 91.3 91.1 1.7 401.9 411.7 102.9 4.5 75.0 75.2 1.8 474.9 456.5 104.3 4.9 74.6 76.9 1.3 414.5 439. 1 90.8 4.8 61.6 59.0 1.5 470.9 479.6 130.7 5.9 94.2 86.2 1.5 42X3 43X2 87.9 4.7 61.0 57.7 1.3 377.4 433.8 96.8 4.7 67.9 62.1 2.3 404. 1 443.5 111.3 5.6 78.8 67.0 1.3 450.1 464.6 128.4 5.9 94.6 81.1 1.5 501.1 492.5 141.5 6.1 102.2 94.0 1.6 14 IS 16 -1.5 -.8 -.8 -2.0 -1.0 -1.0 -3.6 -1.8 -1-8 1.1 .5 .5 6.6 3.3 3.3 2.0 1.0 1.0 3.5 1.7 1.7 10.6 5.3 5.3 12.0 6.0 6.0 6.6 3.3 3.3 17 18 19 20 21 22.3 14.8 4.9 2.6 - 23.4 17.0 3.9 2.5 - 24.8 14.8 7.4 2.6 - 24.3 1X2 8.7 X3 .1 30.5 14.7 12.3 3.4 .1 22.3 1X9 7.0 2.3 .1 24.1 13.5 8.0 2.5 .1 26.9 14.0 9.9 2.8 .1 27.8 14.4 10.3 3.1 .1 3X2 15.0 14.3 3.8 .1 34. 1 15.4 14.7 4.0 .1 22 23 24 25 28 27 290.2 7.3 19.9 45.5 13.7 203.9 308.8 8.6 18.7 50.0 13.7 217.8 352.2 9.8 18.4 61.9 16.0 246.2 348.3 10.9 16.0 6X5 17.1 241.8 348.9 11.3 16.4 53.4 19.2 248.6 34X3 11.1 15.8 6X7 17.2 23X5 337.0 11.1 16.9 59.8 17.8 231.4 332.1 11.2 15.1 58.9 18.4 228.5 336.3 11.3 16.7 54.2 18.9 235.2 351.0 11.4 15.9 52.8 19.5 251.6 376.2 11.5 18.0 47.7 19.9 279.1 28 29 30 31 32 14.3 5.7 8.6 -.4 9.0 -9.8 -5.3 -4.5 -1.3 -3.2 18.5 7.6 10.9 1.2 9.7 -24.5 -1.4 -23.1 -1.8 -21.3 -8.7 -5.4 -3.4 -.3 -3.0 -4.9 -2.6 -2.3 -.5 -1.9 -56.4 -2.7 -53.7 -4.6 -49.1 -39.4 -.4 -39.0 -1.9 -37.0 -14.5 -4.2 -10.3 -.6 -9.7 8.5 -9.9 18.4 1.7 16.7 10.5 -6.9 17.4 -.5 17.9 33 34 35 13.2 281.4 268.1 23.9 338.8 314.8 26.3 36X8 342.5 17.4 347.6 330.2 -7.1 336.9 344.0 .9 346.0 34X0 5.6 321.6 316.1 17.0 326.9 309.9 -8.5 327.1 335.6 -18.3 341.1 359.4 36 37 38 1650.2 96.7 5.9 1828.9 110.2 6.0 2047.6 13X3 6.6 2176.5 12X4 5.8 2335.6 114.7 4.9 2191.5 12X0 X6 2227.8 120.8 X4 2255.9 121.7 5.4 2301.0 91.5 4.0 2361.7 115.8 4.9 2423.9 Disposable personal incoae 129.9 Personal saving 5.4 Saving rate (per cent) 39 40 -16.1 30.4 -61.2 30.6 -62.2 3X3 -147.1 31.3 -182.5 51.1 -15X3 31.3 -208.2 32.9 -183.3 40.4 -166.1 51.7 -187.3 55.5 39 -193.4 federal governaent surplus 56.8 St. * local governnent surplus 40 41 42 43 44 45 252.7 .9 30.6 30.3 190.9 234.6 .4 29.9 26.9 177.4 227.0 .4 23.7 20.3 182.6 174.2 .1 21.8 20.9 131.4 20X8 .1 2X2 32.1 151.5 177.3 .1 20.7 2X2 134.4 167.5 • 24.1 25. 5 117.9 169.7 ♦ 20.2 29.8 119.6 203.3 4 20.5 33.8 149.0 46 47 48 49 87.6 .3 18.4 68.9 84.8 .3 17.8 66.7 8X8 .3 17.3 65.3 59.2 -.1 17.9 41.3 7X9 -.1 20.6 55.4 6X8 -. 1 1X8 42. 1 54.0 -.1 20.4 33.6 61.5 -. 1 19.7 41.9 76.0 -.1 21.1 55.1 84.9 -.1 21.0 64.0 50 51 52 53 54 55 52.7 .2 -2-2 54.7 39.5 15.1 58.6 .2 -3.3 61.7 43.5 18.2 64.7 .2 -3.2 67.6 5X3 14.4 68.7 .2 -2.7 71. 1 56.9 14.2 73.3 .3 -2.7 75.8 64.5 11.3 6X8 .2 -X 1 71.6 58.3 13.3 70.4 .2 -2.5 72.6 59.0 13.6 71.4 .2 -2.8 73.9 63.1 10.8 72.0 .2 -2.7 74.5 65.4 9.2 56 57 58 59 60 61 62 112.4 .3 14.2 15.5 82.4 67.3 15.1 91.2 -.1 12.5 11.7 67.2 49.0 18.2 79.5 -.1 6.2 9.3 64. 1 49.7 14.4 4X4 -. 1 5.7 7.6 33.2 19.0 14.2 56.7 -.1 14.2 10.9 31.6 20.3 11.3 47.7 -. 1 6.4 7.4 34.0 20.7 1X3 43.1 -.1 7.5 10.5 25.2 11.6 13.6 36.7 -.1 12.9 9.4 14.6 3.8 10.8 63 64 65 66 -14.8 —.2 —.8 -13.7 -1X3 -.3 -1.7 -14.3 -11.0 -.3 -1.9 -8.8 -X 1 .1 -1.9 •8 30.9 .2 -1.6 32.4 .1 .1 -2.0 2.0 4.7 .2 -2.0 6.5 67 68 69 70 71 72 73 74 75 256.0 39.1 6.3 14.4 38-7 157.5 7.9 1.9 147.7 293.2 44.1 7.2 16.4 46.2 179.3 9.3 2.2 167.8 329.5 48.3 7.8 18.2 52.3 202.9 10.7 X5 189.7 359.2 50.9 8.3 19.2 58.7 222.0 12. 1 2.7 207.3 377.1 57.1 9.3 19.9 59.3 231.6 1X4 2.8 215.4 363.0 51.0 8.4 19.3 59.8 224.5 1X2 X7 209.6 76 77 160.9 417.0 182.0 47 5. 1 196.4 525.9 209.2 568.4 230.1 607.2 78 -1.5 2.3 -4.9 .5 79 80 34.7 15.4 36.1 15.5 3X5 15.9 34.0 15.6 1 1982 1983 If I II III If 528.2 Gross doaestic investnent 517.7 Private fixed iavestaeat 141.5 Besidential construction 6.1 Bebile hoses 101.3 1-4 Easily structures 102.6 Bousehold purchases 1.6 Para Change in work in process on nonfara -2.8 -1.4 loacorporate -1.4 Corporate Bulti-faaily units Households (1) loacorporate business Bonfin. corp, business Beits Bonres. plant ♦ eguipnent Boaprofit inst. (BB) Para Bonfara noncorp. bus. financial corporations Bonfin. corp, business Inventories Para Bonfara Boncorporate Corporate -18.7 Bet exports Exports 352.3 371.0 - Inports 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 Corporate profits, taxes, and dividends: 221.4 Profits - total 229.1 « Faros .3 24.7 foreign 23.4 Financial corporations 32.8 31.9 Bonfin. corporate business 173.7 163.7 41 42 43 44 45 20.6 60.6 Tax accruals - total Paras financial corporations Bonfin. corporate business 46 47 48 49 73.7 .2 -2.7 76.2 64.8 11.4 75.9 .3 -2.7 78.3 64.6 13.7 Dividends - total Paras financial corporations Bonfin. corporate business Bet dividends paid ♦ Bet fgn. div. received 50 51 52 53 54 55 55-2 -.1 15.4 11.3 28.6 19.4 9.2 70.4 4 13.6 12.0 44.8 33.4 11.4 64.3 • 14.9 11.0 38.5 24.8 13.7 undist. profits - total Paras financial corporations foreign Bonfin. corporate business Doaestic undist. prof. ♦ Bet fgn. div. received 56 57 58 59 60 61 62 13.9 .1 -2.0 15.8 25.6 .1 -1.7 27.1 37.6 .2 -1.4 38.8 46.5 .2 -1.3 47.6 Cap. cons, adjust. - total Paras financial corporations Bonfin. corporate business 63 64 65 66 368.3 53.0 8.7 19.8 59.1 227.7 12.6 2.8 212.4 370.8 54.7 8.9 19.7 59.3 228.3 13.0 2.8 212.6 373.3 56.2 9.1 19.8 58.4 229.8 13.2 2.8 213.9 381.7 58.0 9.4 20.0 61.2 233.1 13.5 2.8 216.8 382.5 Total capital consuaption Owner-occupied hones (BH) 59.5 Bonprofit institutions (BH) 9.6 Para noncorporate 20.1 Bonfara noncorp. business 58.3 Total corporate 235.0 financial business 13.9 Corporate faras 2.8 Bonfin. corporate business 218.3 67 68 69 70 71 72 73 74 75 210.3 573.3 216.5 584.8 222.1 593.0 227.1 600.4 233.0 614.8 Heno: Cap. cons, on consuaer durables not included above 76 238.1 620.6 Tot. cap. cons. incl. durables 77 .1 2.5 4.2 -1.2 -3.5 2.5 36.9 14.8 34.3 1X4 32.2 15.4 36.2 15.1 37.4 15.2 37.1 14.5 81.2 4 2.4 Statistical discrepancy 36.7 Profit tax rate (per cent) 14.5 Personal tax rate (per cent) (1) Purchases of condoainiua units. BILLIOBS OP DOLLABS. 7 8 9 10 11 12 13 IT/83 BAS1D OB IBCOBPLBTB IBPOBBATIOB. 78 79 80 F1B10A1T 22, 19®* road* laise la Credit Backets Funds Baised in credit Backets Suaaary of Vat Funds talsad in Credit and Equity Backets O1ADJOST1D BBT FLOES (V BUI) OIADJOSTID BBT FLOISfl Bill) 1982 III I | If BILLIOVS OF DOLLABS 1975 1976 1977 1983 I II III If 1974 1978 Vet Credit Backet Borroving by Bonfinancial Sectors Total net borrowing by dosestic 121,889 117,463 nonfinancial sectors 1 87,798 135,942 138,390 147,357 3 4 O.S. Governnent Treasury issues Agenay issues ♦ nortgages 57,643 57,715 -72 61,965 62,088 -123 55,641 55,620 21 5 Private donestic aonfioaacial sectors 2 46,876 46,951 -75 47,860 47,898 -38 175.3 193.0 243.5 319.4 369.8 1 36,180 36,209 -29 11.8 12.0 —.2 85.4 85.8 -.4 69.0 69.1 -.1 56.8 57.6 -.9 53.7 55.1 -1.4 2 3 4 64,246 55,498 32,157 89,066 90,530 111,177 163.5 107.6 174.5 262.6 316.2 5 6 7 8 9 10 11 12 13 Debt capital iastruaents lar-tTQai obligations Corporate bonds. Hortgages Bose nortgages flulti-fanily resid. Coaaercial Barn 40,142 12,698 5,936 21,508 17,750 -867 3,693 932 47,292 17,895 8,142 21,255 15,399 108 5,263 485 37,259 6,735 3,445 27,079 17,534 513 8,826 206 68,785 22,258 6,243 40,284 24,911 2,504 11,813 1,056 62,985 8,808 2,073 52,104 35,975 1,985 13,100 1,044 58,854 6,511 3,259 49,084 32,938 4,178 11,420 546 100.6 16.5 19.7 64.4 37.3 6.9 15.1 5.0 100.9 16.1 27.2 57.6 42.0 e 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 7.1 199.7 28.4 21.1 150.2 112.2 9.2 21.7 7.2 6 7 8 9 10 11 12 13 14 15 16 17 18 Other debt instrunents Consuaer credit Beqk loans n.e.c. Open-narket paper Other 24,104 8,206 6,339 10,290 15,291 8,993 -1,303 -10,602 -475 3,777 -5,102 -2,651 -5,180 -226 2,955 20,281 12,835 2,853 -1,691 6,284 27,545 17,142 3,824 2,350 4,229 52,323 26,842 17,586 -1,600 9,495 62.9 9.9 32.9 6.6 13.5 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 14 15 16 17 18 19 20 21 22 23 24 25 By borrowing sectors State*local governnents Households Bonfinancial business Fara Vonfara noncorporate Corporate 64,246 8,443 24,913 30,890 2,924 4,934 23,032 55,498 14,118 31,053 10,327 -2,164 6,879 5,612 32,157 4,523 15,608 12,026 -729 8,694 4,061 89,066 19,692 33,883 35,491 4,575 18,031 12,885 90,530 111,177 4,749 6,985 50,748 63,375 32,797 43,053 1,330 -1,251 17,930 17,354 13,537 26,950 163.5 15.5 53.9 94.1 7.8 20.2 66.1 107.6 13.7 52. 1 41.8 8.5 12.5 20.9 174.5 15.2 89.5 69.8 10.2 15.4 44.2 262.6 15.4 137.3 110.0 12.3 28.0 69.7 316.2 19.1 169.4 127.6 14.6 32.4 80.6 19 20 21 22 23 24 25 4,713 3,193 -1,062 130 2,452 6,345 2,207 -764 4,346 556 2,221 806 4,400 -4,195 1,210 5,512 1,385 1,433 1,911 783 7,881 347 656 5,982 896 15.0 2.1 4.0 7.3 1.6 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 26 27 28 29 30 90,019 141,454 141,958 155,238 190.3 204.4 262.8 332.9 26 Fgn. net borroving in O.S. Bonds 27 Bank Loans n.e.c. 28 Open-narket paper 29 0. S. Governaent loans 30 31 Total domestic plus foreign 126,602 123,808 3,568 736 -559 2,268 1,123 403.6 31 Vet Credit Harhet Borrowing by Fisnacinl Sectors Total net borroving 1 by fineqcial sectors 12,214 14,619 10,728 23,413 25,092 29,407 39.0 7.3 21.0 45.8 74.6 1 O.S. Governsent-related sponsored credit ag. sec. Boctgage pool securities Loans froa o.s. Governsent 19,373 6,093 13,280 16,559 -1,729 18,288 15,518 -3,180 18,698 - 16,520 476 16,044 19,288 911 18,377 - 16,779 3,431 13,348 • 20.7 16.6 3.4 .7 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 2 3 4 5 Private fiaeacial sectors Corporate boada Hortgages Bank Ioann n.e.c. Open-rsarket paper Fed. Hoae Loan Bank Ioann -7,159 1,246 29 -469 -6,209 -1,756 -1,940 1,786 29 1,287 -3,401 -1,641 -4,790 2,862 28 -1,620 -75 -5,985 6,893 4,385 28 -1,249 4,952 -1,223 5,804 4,679 27 -498 2,527 -931 12,628 5,307 27 418 5,785 1,091 18.3 3.1 .2 4.6 3.8 6.7 -3.0 3.2 .4 -3.7 1.1 -4.0 6.7 9.8 .4 -3.7 2.2 -2.0 23.8 10.1 • -.3 9.6 4.3 37.5 6 7.5 7 .1 8 2.8 9 14.6 10 12.5 11 12 Total, by sector sponsored credit agencies 13 14 Mortgage pools 12,214 6,093 13,280 14,619 -1,729 18,288 10,728 -3,180 18,698 23,413 476 16,044 25,092 911 18,377 29,407 3,431 13,348 39.0 17.3 3.4 7.3 3.2 7.1 21.0 2.1 12.2 45.8 5.9 16.1 74.6 12 23.5 13 13.6 14 Private financial sectors Coaaqrcial banks Bank affiliates Savings aad loan assns. Finance coapanies Beits -7,159 189 -3,918 -2,702 -742 14 -1,940 343 1,000 -3,931 635 13 790 277 1,389 -6,023 -447 14 6,893 -234 1,655 -1 5,459 14 5,804 26 3,014 211 2,539 14 12,628 -145 2,556 566 9,637 14 18.3 .2 4.4 6.2 6.0 1.5 -3.0 .2 .6 -4.2 .5 -. 1 6.7 .7 5.4 -1.7 4.3 -1.9 23.8 .6 2.0 6.9 16.9 -2.5 37.5 .2 7.2 13.5 18.1 -1.4 15 16 17 18 19 20 2 3 4 5 6 7 8 9 10 11 15 16 17 18 19 20 Total Vet Credit Barket Borroving, All Sectors, by Type 229.3 31.9 16.5 24.9 64.5 211.6 94.9 16.1 36.7 57.9 283.8 83.8 15.7 41.2 85.4 378.7 79.9 21.9 38.0 126.2 478.2 90.5 28.4 32.8 150.2 1 2 3 4 5 26,842 18,660 10,167 11,482 9.9 41.5 17.7 22.5 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 59.3 26.4 41.9 6 7 8 9 16,353 -9,772 -3,870 12,623 8,439 -24,868 10 Heno: O.S. Govt, cash balance Totals net of changes in O.S. Govt, cash balances: 11 Net borrowing by doa. nonfin. 105,536 127,235 91,668 123,319 129,951 172,225 41,290 71,737 59,511 34,253 39,421 61,048 By O.S. Governaent 12 -4.6 2.9 3.2 1.1 3.8 10 179.9 16.4 190.2 62.5 240.4 65.9 318.3 55.7 366.1 11 49.9 12 1 Total net borroving O.S. Governaent securities 2 State local obligetioas 3 4 corporate ♦ foreign bonds 5 Hortgages 6 7 8 9 Consuaer credit Bank Ioann n.e.c. Open-sarket paper Other loans 138,816 138,427 100,747 164,867 167,050 184,645 77,046 78,555 71,174 63,428 67,162 52,979 6,735 22,258 12,698 17,895 8,808 6,511 10,375 12,135 7,488 8,913 7.113 12,013 21,507 21,253 27,092 40,280 52,117 49,091 6,339 13,760 -7,382 4,473 10,290 9,516 -9,657 -1,560 -2,651 -2,400 -4,496 -1,820 12,835 3,037 5,172 5,844 17,142 2,767 7,145 4,421 External Corporate Eguity Funds Baised in 0. S. Barkets 1 Total net share issues 2 Huteal funds 3 All otfcer Bonfinancial corporations 4 Financial corporations 5 Foreign shares purchased in O.S. 6 7, 156 6,222 934 -265 1,094 16,379 5,822 10,557 8,145 1,092 21,514 11,630 9,884 7,794 1,088 22,021 7,746 14,275 11,321 1,117 12,487 6,375 6,112 4,196 1,109 13,155 6,819 6,336 5,000 1,129 5.7 .9 4.8 4.1 1.0 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 1.9 -.1 1.9 -. 1 2.5 1 2 3 4 5 105 1,320 1,002 1,837 807 207 -.2 .2 .3 .4 -.5 6 IT/83 BASED OM PBBL1BIMART AMD IVCOHPLBTE IMFOBBATIOM PBBBOABT 22tl 1984 Paads Raised ia Credit Barkets roads Raised is Credit Barkets 3 Suaaary of let reads laised ia Credit aad Eguity Barkets SEASOIALLT ADJUSTED AIIOAI BATES SBASOWALLI ADJUSTED AIIOAI BATES 1979 1980 1981 1982 1983 I 1982 I III If | i 1983 I If II III 582.2 502.9 Total aet borroviag by doaestic 541.0 noafiaaacial sectors 1 0.8. Governaent Treasary issues Agency issaes ♦ aortgages 2 3 4 Private doaestic noafiaaacial sectors 5 let Credit Barket Borrowing by lonfinancial Sectors 1 34 3.2 386.0 377.2 395.3 509.5 442.7 427.0 412.3 269.7 270.0 -.3 168.0 168.1 -.2 116. 1 116.3 -.1 2 3 * 37.4 38.8 -1.4 79.2 79.8 -.6 87.4 87.8 -.5 161.3 162.1 -.9 186.6 186.7 -.1 206.5 206.8 -.3 224.4 224.9 -.5 192.4 192.3 .1 5 348.6 264.0 289.8 234.1 322.9 236.1 202.5 219.9 312.5 334.4 424.9 6 7 8 9 10 11 12 13 211.2 30.3 17.3 163.6 120.0 7.8 23.9 11.8 192.0 30.3 26.7 135.1 96.7 8.8 20.2 9.3 158.4 21.9 22.1 114.5 75.9 4.3 24.6 9.7 152.4 50.5 18.8 83.0 56.6 1.3 20.0 5.2 227.9 44.3 15.0 168.6 111.4 9.2 45.2 2.9 146.9 47.4 24.8 74.8 56.6 -3.7 17.3 4.5 185.3 71.3 29.1 84.9 60.5 19.8 4.4 181.9 39.0 18.6 124.2 86.3 2.2 36.5 -.7 260.3 80.7 23.6 156.1 99.6 10.3 43.6 2.7 239.5 33.0 9.1 197.4 128.9 7.7 55.8 4.9 229.9 24.6 8.8 196.5 130.7 16.6 44.7 4.5 Debt capital instraaeats Tax-exeapt obligations Corporate boads Bortgages Bose aortgages Bnlti-fnaily resid. Coaaercial rare 6 7 8 9 10 11 12 13 14 15 16 17 18 137.5 45.4 51.2 11.1 29.7 72.0 4.9 36.7 5.7 24.8 131.5 24.1 54.7 19.2 33.4 81.6 18.3 54.4 -3.3 12.2 95.0 54.2 19.1 -1.2 23.0 89.2 11.1 55.7 -2.8 25.2 17.2 23.6 21.8 -23.3 -4.9 38.0 28.8 12.2 -18.5 15.5 52.2 50.7 1.0 -14.1 14.6 94.9 50.3 6.6 12.1 25.9 195.1 86.8 56.5 15.8 35.9 Other debt instraaeats Consaaer credit Bank loans n.e.c. Opea-aerket paper Other 14 15 16 17 16 19 20 21 22 23 24 25 348.6 20.5 176.4 151.7 21.4 34.4 96.0 264.0 20.3 117.5 126.1 14.4 33.7 78.1 289.8 9.7 120.6 159.6 16.3 39.6 103.7 234.1 36.3 86.3 111.5 9.0 29.8 72.7 322.9 35.9 163.6 123.4 3.9 62. 0 57.4 236.1 30.4 78.4 127.3 10.8 26.5 90.0 202.5 56.2 93.7 52.7 7.3 23.3 22.0 219.9 30.2 109.8 79.9 -2.4 44.8 37.5 312.5 70.4 147.2 94.9 1.6 57.8 35.4 334.4 25.7 177.5 131.2 4.3 80.0 46.9 424.9 17.6 219.9 187.5 12.2 66.4 109.9 By borroviag sector: stateelocal goveraaeats Boaseholds loafiaaacial basiaess fare loafara noncorporate Corporate 19 20 21 22 23 24 25 26 27 28 29 30 20.2 3.9 2.3 11.2 2.9 27.2 -8 11.5 10.1 4.7 27.2 5.4 3.7 13.9 4.2 15.7 6.6 -6.2 10.7 4.5 19.2 3.3 5.9 6.0 4.0 11.9 12.8 -11.2 .5 9.8 25.3 8.8 -3.1 17.4 2.2 15.7 3.2 24.4 -16.8 4.8 21.3 5.5 5.0 7.6 3.1 7.9 2.9 -8.6 9.1 4.5 31.8 Pga. net borroviag ia O.S. Bonds 1.4 Bank loans a.e.c. 2.9 Opea-aarket paper 23.9 O.S. .Governaent loans 3-6 26 27 28 29 30 31 406.2 370.4 404.4 411.0 528.7 454.5 452.3 428.Q 603.5 510.3 572.9 Total doaestic pins foreign 31 •3 let Credit Barket Borroviag by Financial Sectors r——— Total aet borroviag by financial sectors 1 82.5 63.3 85.4 69.3 88.6 38.9 58.5 81.2 66.9 86.1 120.3 2 3 4 5 47.9 24.3 23.1 .6 44.8 24.4 19.2 1.2 47.4 30.5 15.0 1.9 64.9 14.9 49.5 .4 68.1 1.6 66.5 - 66.0 12.6 53.4 - 70.9 a 70.8 - 75.6 1.0 74.6 - 60.3 -5.9 66.2 - 63.1 -11.2 74.3 - 73.4 22.7 50.8 - o.S. Goveraaeat-related Sponsored credit ag. sec. Bortgage pool seearities Loans fron O.S. Governnent 6 7 8 9 10 11 34.6 7.8 a -.4 18.0 9.2 18.5 7.1 -.1 -.4 4.8 7.1 38.0 -.8 -.5 2.2 20.9 16.2 4.4 2.3 .1 3.2 -2.0 .8 20.5 17.2 .1 -2.9 13.2 -7.0 -27.1 6.3 .1 1.3 -23.2 -11.6 -12.4 5.2 .1 1.1 -12.8 -6.0 5.6 14.3 .1 -4.3 9.9 -14.4 6.6 16.3 -1 -6.1 7.7 -11.4 23.1 19.8 .1 1.1 10.5 -8.4 46.9 18.6 -1 -2.5 24.7 6.0 Private financial sectors Corporate boads Bortgages Beak loans n.e.c. Open-narket paper Ped. Bone Loan Bank loans 12 13 14 82.5 24.8 23-1 63.3 25.6 19.2 85.4 32.4 15.0 69.3 15.3 49.5 88.6 1.6 66.5 38.9 12.6 53.4 58.5 a 70.8 81.2 1.0 74.6 66.9 -5.9 66.2 86.1 -11.2 74.3 15 16 17 18 19 20 34.6 .2 6.5 12.6 16.6 -1.3 18.5 .2 6.9 7.4 6.3 -2.2 38.0 -. 1 8.3 15.5 14. 1 .2 4.4 .6 1.9 -3.0 4.9 .1 20.5 -.1 8.6 -5.2 17.2 .1 -27. 1 •8 -15.7 -18.3 6.1 .1 -12.4 1.4 4.0 -12.1 -5.6 .1 5.6 1. 1 5.6 -15.0 13.9 .1 6.6 -.9 6.6 -6.6 7.5 .1 23.1 .1 12.1 -7.3 18.1 .1 1 2 3 4 5 6 7 8 9 10 11 120.3 Total, by sector Sponsored credit agencies 22.7 aortgage pools 50.8 12 13 14 Private financial sectors Coaaercial banks Bank affiliates Savings and loan assns. finance coapanies Beits 15 16 17 18 19 20 46.9 -.6 10.2 7.9 29.3 .1 Total let credit Barket Borroviag, Ail Sectors* by Type 1 2 3 4 5 488.7 84.8 30.3 29.0 163.5 433.7 122.9 30.3 34.6 134.9 489.8 133.0 21.9 26.7 113.9 480.3 225.9 50.5 27.7 83.0 617.3 254.7 44.3 35b 5 168.6 493.4 272.6 47.4 43.8 74.8 510.8 295.4 71.3 43.1 84.9 509.2 268.1 39.0 36.1 124.3 670.4 330.1 80.7 45.4 156.1 596.4 231.1 33.0 31.9 197.4 6 7 8 9 45.4 53.0 40.3 42.4 4.9 47.8 20.6 37.8 24. 1 60.6 54.0 55.8 18.3 51.4 5.4 17.9 54.2 22.1 18.0 19.9 11. 1 45.7 -25.5 23.4 23.6 19.8 -18.7 -8.6 28.8 32.3 -25.4 6.0 50.7 -.1 1.3 6.3 50.3 -.9 31.7 22.0 10 .6 -3.8 • 7.3 -7.7 38.4 -9.7 -11.2 11 12 385.4 36.8 347.0 83.0 377.2 87.4 388.1 154.0 517.2 194.2 404.2 168.1 426.7 234.2 423.4 203.6 693.2 Total aet borrowing O.S. Governaent securities 189.6 State ♦ local obligations 24.6 Corporate ♦ foreign bonds 28.8 196.5 Bortgages 1 2 3 4 5 Consaaer credit Bank loans a.e.c. Open-aarket paper Other loans 6 7 8 9 86.8 57.0 64.4 45.5 47.7 -68.9 Beao: O.S. Govt, cash balance 10 1.6 Totals net of changes ia O.S. Govt, cash balances: 500.8 609.9 let borrowing by doa. nonfin. 11 534.5 By O.S. Governaent 12 222.0 166.4 185.0 External Corporate Eguity rands Baised in 0. S., Barkets 1 2 3 4 5 -3.8 .1 -3.9 -7.8 3.2 22.2 5.2 17.1 12.9 2.1 6 .8 2.1 BXLLIOIS or DOLLABS. -3.7 6.8 -10.6 -11.5 .9 35.4 18.6 16.8 11.4 4. 1 69.2 32.6 36.6 28.3 4.4 30.0 26.2 3.7 -1.1 4.4 64.0 21.8 42.2 32.6 4.4 82.2 42.7 39.5 31.2 4.4 91.9 34.8 57.1 45.3 4.5 51.5 27.0 24.4 16.8 4.4 * 1.3 3.9 .4 5.3 4.0 7.3 3.2 If/83 BASED 01 IBCOBPLETE IIFOBBATIOI. 51.1 Total net share issues Butual funds 25.8 All ether 25.3 lonfinancial corporations 20.0 financial corporations 4.5 roreiga shares purchased in O.S. .8 1 2 3 4 5 6 PEBBUABI 22, 1964 Credit Harket Supply of Panda Credit Harket Supply of Panda Direct and Indirect Sources of Panda to Credit Harkets OIADJOSTED IE! PIOUS(J HILL) □ ■ADJUSTED III PLOWS(I HILL) III IT Total funds advanced in credit narkets to doa. nonfinan. sectors 121,689 117,463 1 1 I II III IT 87,798 135,942 138,390 147,357 1974 BILLIOIS OP DOLLABS 1975 1976 1977 1978 175.3 193.0 243.5 319.4 369.8 1 2 3 4 5 6 By Federal agencies aad foreign 2 Total ne» advances, by type O.S. Governaent securities 3 Besideatial nortgages 4 PHLB advances to svl's 5 other loans and securities 6 38,106 13,761 16,726 -1,756 9,375 30,798 7,634 21,501 -1,641 3,304 16,179 3,100 19,443 -5,985 -379 34,110 9,189 19,547 -1,223 6,597 40,945 14,798 19,688 -931 7,390 23,534 627 17,173 1,091 4,643 51.0 9.4 13.2 6.7 21.7 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 20.2 102.3 36.1 25.7 12.5 28.0 7 By type of lender: O.S. Governaent 8 Spons. credit ag. *atg. pools 9 Honetary authority 10 Poreign 11 38,106 5,424 16,906 9,149 6,627 30,798 2,999 18,764 5,161 3,874 16,179 1,120 14,667 -4,751 5,143 34,110 4,209 17,978 5,415 6,508 40,945 2,603 20,299 14,852 3,191 23,534 1,823 15,954 -4,620 10,377 51.0 9.4 24.2 6.2 11.2 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 39.6 102.3 7 17.1 8 40.3 9 7.0 10 38.0 11 Spons. credit ag.+atg. pools Poreign 19,373 4,713 16,559 6,345 15,518 2,221 16,520 5,512 19,288 3,568 16,779 7,881 20.7 15.0 10.3 11.3 14.3 19.3 22.0 13.5 37.1 12 33.8 13 89,358 123,864 120,301 148,483 68,074 54,239 52,364 52,352 8,808 6,511 6,735 22,258 5,584 3,517 1,580 1,462 -1,411 7,836 18,258 19,923 6,458 32,724 38,360 69,326 1,091 -5,985 -1,223 -931 160.0 22.5 16.5 20.9 30.9 75.8 6.7 175.0 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 4.3 338.4 54.3 28.4 23.4 95.6 149.3 12.5 14 15 16 17 18 19 20 21 22 23 24 25 12 13 Private doaestic funds advanced 14 Total aea advances 15 O.S. Governnent securities 16 State and local obligations 17 Corporate and foreign bonds 16 Residential nortgages 19 Other nortgages and loans 20 Less: ?BLB advances 107,869 109,569 63,285 70,921 12,698 17,895 9,119 7,681 127 -6,025 22,322 16,018 -1,756 -1,641 Private financial internediation 21 22 23 24 25 Credit aarket funds advanced by private financial lasts. Coaaercial banking Savings institutions Insurance and pension funds Other finance 77,285 27,151 5,275 23,625 21,234 75,301 40,399 13,255 21,409 238 67,819 16,403 27,433 27,913 -3,930 86,306 32,464 34,784 27,512 -8,454 91,181 123,203 31,685 54,711 36,814 29,564 23,409 23,250 -727 15,678 127.9 67.0 25.3 29.8 5.7 121.2 29.5 51.2 40.6 • 189.3 59.8 68.4 49.7 11.4 258.8 87.8 78.5 69.0 23.6 302.3 129.0 72.8 75.0 25.5 77,285 49,120 -7,159 75,301 72,635 -1,940 67,819 39,298 -4,790 86,306 33,548 6,893 91,181 123,203 44,231 83,241 5,804 12,628 127.9 67.6 18.3 121.2 94.2 -3.0 189.3 124.4 6.7 258.8 139.0 23.8 302.3 26 141.0 27 37.5 28 35,324 ether sources -14,435 PoreU-gn funds Treasury balances 9,486 Insurance aad peasion res. 22,089 Other, net 18,184 4,606 -5,130 -3,977 20,795 -7,082 33,311 -8,279 -2,301 23,175 20,716 45,865 7,579 7,597 23,760 6,929 41,146 27,334 5,249 12,684 676 -11,959 19,334 21,708 15,887 4,901 42.0 10.3 -5.1 26.2 10.5 30.0 -8.6 -1.7 29.7 10.7 58.2 -4.5 -.1 34.3 28.5 96.1 1.4 4.3 51.4 39.0 123.8 6.5 6.8 62.2 48.4 29 30 31 32 33 73.6 36.3 3.6 -1.8 15.6 19.9 34 35 36 37 38 39 26 Sources of funds 27 Private doaestic dep. * BP's 28 credit aarket borrowing 29 30 31 32 33 Private doaestic nonfinancial investors 34 Direct lending in cr. aarkets 35 O.S. Geveraaent securities 36 State aad local obligations 37 Corporate and foreign bonds Open-narket paper 38 39 Other 23,425 14,607 7,490 3,083 -7,529 5,774 32,328 20,816 8,047 1,505 -4,444 6,404 16,749 15,918 5,682 -5,318 1,600 -1,133 44,451 28,418 19,533 -5,633 193 1,940 34,924 27,115 4,364 3,340 -1,991 2,096 37,908 18,316 2,347 1,478 7,870 7,897 50.4 19.4 9.4 5.1 5.8 10.6 50.7 25.4 8.4 8.9 -1.3 9.4 44.7 15.9 3.3 11.8 1.9 11.8 40.6 24.6 -.8 -3.2 9.6 10.4 40 Deposits aad currency 41 Currency 42 Checka&le deposits 49,982 1,858 2,820 78,637 6,481 29,510 42,254 645 -9,309 38,256 3,947 11,571 47,986 3,668 -3,468 89,042 5,689 23,743 73.7 6.3 2.2 101.2 6.2 9.4 133.4 7.3 10.4 148.6 8.3 17.2 152.2 40 9.3 41 16.2 42 24,694 66,669 108,004 36,357 22,025 -17,013 -26,296 -15,680 32,564 -1,625 39,692 -454 37.3 2.4 97.9 1.3 121.3 • 93.6 .2 65.9 43 6.9 44 1,204 96 761 17,625 -865 87 17,412 2,848 112 28.0 -2.2 -.2 -14.6 .2 .8 -9.7 2.3 1.7 25.7 2.2 1.3 44.4 45 7.5 46 2.0 47 124.1 152.0 178.1 189.1 225.8 48 26.8 79.9 21.5 19.4 69.3 -2.5 18.9 83.3 10.6 23.8 93.9 41.0 25.3 49 89.3 50 44.6 51 43 44 Saall tiae ♦ svgs. deposits floeey aarket fund shares 45 46 47 Large tiae deposits Secarity IP's Foreign deposits 48 Total of credit ekt. instru ments, deposits, and currency 49 Public holdings as I of total 50 Pvt. finan. internediation (E) 51 Total foreign funds -750 331 -996 -9,509 -38,515 5,414 2,978 -479 2,311 73,407 110,965 59,003 82,707 82,910 126,950 24,875 68,724 -1,256 17,972 75,895 -3,136 24,113 69,678 14,087 28,843 75,794 8,440 30,099 71,647 -7,808 15,159 82,974 23,061 Corporate Bgaities lot Included Above 1 Total net issues 2 Hutual fund shares 3 Other eguities 7,156 6,222 934 16,379 5,822 10,557 21,514 11,630 9,884 22,021 7,746 14,275 12,487 6,375 6,112 13,155 6,819 6,336 5.7 .9 4.8 10.6 -.3 10.9 10.6 -2.4 13.1 6.5 .9 5.6 1.9 -. 1 1.9 1 2 3 4 Acg. by financial institutions 5 Other net purchases 5,567 1,589 14,170 2,209 15,988 5,526 16,710 5,311 11,351 1,136 10,336 2,819 5.8 9.8 .8 12.5 -1.9 7.4 -.9 4.5 -2.7 4 5 IT/83 BASED 01 PBBLIHIIABI AID IICOHPLETE IIPOBHATIOI FIBBOABI 22, 198* credit Barket Supply of Funds Credit aarket Supply of Funds Direct and Indirect Sources of Funds to Credit Barkets 5 SEASONALLI ADJOSTBD ANNUAL BATES SEASONALLI ADJUSTED ANNUAL BATES 1980 1979 1 386.0 34 3.2 1981 377.2 1 1982 1 Hl 1983 1982 395.3 442.7 509.5 17 | 11 427.0 1983 II I 412.3 III 582.2 IT Total funds: advanced in credit narkets 502.4 541.0 to don. nonfinan. sectors 1 By Federal agencies aad foreign 2 3 4 5 8 75.2 -6.3 35.8 9.2 36.5 97.0 15.7 31.7 7.1 42.4 97.4 17.2 23.4 16.2 40.6 109.3 17.9 61.1 .8 29.5 114.8 27.7 75.9 -7.0 18.3 116.4 29.5 64.5 -11.6 34.0 105.2 6.9 83.5 -6.0 20.7 108.7 42.8 79.6 -14.4 .7 150.3 59.6 81.8 -11.4 20.2 7 8 9 10 11 75.2 19.0 53.0 7.7 -4.6 97.0 23.7 45.6 4.5 23.2 97.4 24.1 48.2 9.2 16.0 109.3 16.7 65.3 9.8 17.6 114.8 9.8 68.9 10.9 25.2 116.4 22.5 53.9 26.8 13.2 105.2 15.7 82.3 12.2 -5.0 108.7 3.0 72.5 .6 32.6 150.3 13.3 65.7 23.6 47.6 12 13 47.9 20.2 44.8 27.2 47.4 27.2 64.9 15.7 68.1 19.2 66.0 11.9 70.9 25.3 75.6 15.7 60.3 21.3 14 15 16 17 18 19 20 379.0 91.1 30.3 18.5 91.9 156.3 9.2 318.2 107.2 30.3 19.3 73.7 94.8 7. 1 354.4 115.9 21.9 19.4 56.7 156.9 16.2 366.6 207.9 50.5 15.4 -3.3 96.8 .8 482.0 227.0 44.3 12.1 44.6 146.9 -7.0 404. 1 243. 1 47.4 31.8 -11.6 81.8 -11.6 418.0 288.5 71.3 33.0 -22.8 42.1 -6.0 394.9 225.3 39.0 18.9 8.8 88.5 -14.4 513.5 270.5 80.7 20.9 27.9 102.2 -11.4 126.4 33.5 76.2 -8.4 25.1 73.7 Total net advances* by type -25.0 O.S. Governnent securities Besidential aortgages 65.8 6.0 FHLB advances to s>l's 27.0 Other loans and securities 126.4 73.7 By type of lender: 11.6 11.1 O.S. Governnent Spons. credit ag.^atg. pools 64.2 73.2 -29.6 49.0 Bonetary authority 19.0 Foreign 1.7 Agency and foreign borrowing not in line 1: 73.4 Spons. credit ag. ♦atg. pools 63.1 31.8 Foreign 7.9 2 3 4 5 6 7 8 9 10 11 12 13 Private donestic funds advanced 447.0 197.6 33.0 7.2 60.3 140.5 -8.4 572.7 Total net advances 214.7 O.S. Governaent securities State and local obligations 24.6 1.6 Corporate aad foreign bonds 81.4 Besidential aortgages Other aortgages and loans 256.3 Less: FBLB advances 6.0 14 15 16 17 18 19 20 Private financial interaediation Credit aarket funds advanced by private financial lasts. Coaaercial banking Savings institutions Insurance and pension funds Other finance 21 22 23 24 25 294.7 123.1 56.7 66.4 48.5 26 2.3 101.1 54.9 74.4 32.0 305.2 103.6 27.2 79.3 95.2 271.2 108.5 30.6 94.2 37.9 368.5 135.3 128.6 102.1 2.6 288.0 87. 1 14.1 91.2 95.5 249.8 127.1 47.9 94.8 -20.0 360.0 131.2 119.1 100.8 8.9 335.0 123.9 142.0 114.0 -44.9 343.0 103.5 142.0 91.0 6.5 436.0 182.4 111.3 102.6 39.7 26 27 28 294.7 142.0 34.6 262.3 16 8.6 18.5 305.2 211.7 38.0 271.2 173.4 4.4 368. S 200.3 20.5 288.0 204.0 -27.1 249.8 161.5 -12.4 360.0 256.7 5.6 335.0 166.6 6.6 343.0 186.0 23.1 26 436.0 Sources of funds Private doaestic dep. ♦ IP’s 27 192.0 28 46.9 Credit aarket borrowing 29 30 31 32 33 118. 1 27.6 .4 49.1 41.0 75.2 -21.7 -2.6 65.4 34.0 55.5 -8.7 -1.1 73.2 -7.9 93.5 -27.7 6.1 85.9 29.2 147.7 17.2 -6.0 88.0 48.4 111.1 -59.9 24. 1 86.8 60.0 100.7 9.1 4.1 86.1 1.5 97.7 -38.8 -8.9 90.5 54.9 161.8 .9 25.8 95.6 39.5 133.9 23.9 -16.1 75.5 50.6 197.1 82.9 -24.7 90.2 48.7 34 35 36 37 38 39 118.9 61.4 9.9 5.7 12.1 29.8 74.4 38.3 7.0 .6 -4.3 32.9 87.2 47.4 9.6 -8.9 3.7 35.4 99.7 58.1 30.9 -9.4 -2.0 22.1 134.0 89.8 31.9 -6.1 7.7 10.8 89.0 40.6 28.8 10.9 -14.5 23.2 155.8 104.7 38.0 3.8 -6.8 16.1 40.5 30.2 28.1 -18.8 -3.1 4.1 185.1 145.9 67.3 -19.4 -19.4 10.7 127.0 84.8 16.9 11.1 8.1 6.2 183.5 Direct lending in cr. narkets O.S. Governaent securities 98.3 State aad local obligations 15.4 2.5 Corporate and foreign bonds 45.1 Open-aarket paper 22.2 other 34 35 36 37 38 39 40 41 42 151.4 7.9 18.7 180.0 10.3 5.0 221.7 9.5 18. 1 179.4 8.4 13.0 217.5 13.9 22.5 212.0 11.9 9.3 172.3 12.7 28.9 280.8 14.9 60.9 183.0 13.3 45.2 206.0 19.7 -18.4 200.3 Deposits and currency 7.9 Currency 2.4 Checkable deposits 40 41 42 43 44 59.2 34.4 83.1 29.2 47.2 107.5 137.0 24.7 216.6 -44.1 126.2 88. 1 231.1 -68. 1 410.0 -105.2 181.6 -62.7 163.1 -6.5 111.7 -1.8 45 46 47 23.0 6.6 1.5 44.7 6.5 1.1 36.4 2.5 .5 -5.2 3.8 -2.4 -2.3 7.5 3.3 -20.9 1.3 -4.0 -42.4 11.9 -1.9 -130.7 21.7 9.2 2.0 .4 3.0 51.3 -3.5 .3 68.3 11.4 .4 48 270.3 254.4 308.9 279.1 351.6 300.9 328.1 321.3 368.1 333. 1 Total of credit akt. insfcru383.9 aents* deposits* aad currency 48 49 50 51 18.5 77.7 23.0 26.2 82.4 1.5 24. 1 86.1 7.3 26.6 74.0 -10.2 21.7 76.5 42.5 25.6 71.3 -46.6 23.3 59.8 4.1 25.4 91.2 -6.1 24.9 65.2 48.5 24.8 76.7 25.6 12.9 Public holdings as X of total 49 76.1 Pvt. finan. interaediation (X) 50 51 101.8 Total foreign fnnds 21 22 23 24 25 29 Other sources 30 Foreign funds 31 Treasury balances Insurance and pension res. 32 33 other* net Private donestic nonfinancial investors Saall tiae ♦ svgs. deposits aoney aarket fund shares 43 44 Large tine deposits Security BP's Foreign deposits 45 46 47 Corporate Equities lot Included Above 1 2 3 4 5 -3.9 22.2 5.2 17.1 -3.7 6.8 -10.6 35.4 18.6 16.8 69.2 32.6 36.6 30.0 26.2 3.7 64.0 21.8 42.2 82.2 42.7 39.5 91.9 34.8 57.1 51.5 27.0 24.4 51.1 Total net issues Hutual fund shares 2S.8 other eguities 25.3 1 2 3 9.7 -13.5 16.8 5.4 22.1 -25.9 27.9 7.5 54.4 14.8 25.4 4.6 47.5 16.5 70.4 11.9 66.5 25.4 49.2 2.3 31.5 Acg. by financial institutions 19.7 Other net purchases 4 5 -3.8 .1 BILLIONS OF DOLLABS. Line i. IT/83 BASIC ON INCOBPLBTB INFOBBATIOI. Page 2, line i. 32. Includes farm and commercial mortgages. 33. 12. Credit market funds raised by Federally sponsored credit agencies + federally related mortgage pool securities. 34. 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. 6. Excludes investment of these reserves in corporate equities. Mainly retained earnings and net miscellaneous liabilities. 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. 19. Includes farm and commercial mortgages. 48. Lines 34 + 40. 27. Line 40 less line 41 and 47. 50. Line 21/line 14. 28. Excludes equity issues and investment company shares. 51. Line 11 plus line 30. 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 foreign banks. 31. Demand deposits and note balances at commercial banks. Includes line 19. Also line 14 less line 29 plus lines 41 and 47. Corporate Equities Line 1 and 3. Includes issues by financial institutions. PBB10ABI 22, 19 84 Households Households Sector Stateaents of Saving and Investnent 6 OHADJOSTED IBT BLOBS(J BILL) □ ■ADJUSTED IBT BLOBS(S HILL) 1982 III IT | 1 1983 I II III IB 1979 BILLIOIS OP DOLLABS 1975 1976 1977 1978 Households* Personal Trusts* and nonprofit Organizations 655*613 680,969 638*564 672*578 699*234 731*749 103*362 95*486 89*416 117*143 102*511 97*413 1168.6 170.2 1265.0 168.9 1391.2 196.8 1540.4 226.4 1732.7 258.7 1 2 552*251 585*483 549*148 555*435 596*723 634*336 Disposable personal incoae 515*933 540*706 519,705 555,479 559,177 586*554 personal outlays -44 37*546 47,782 36,318 44,777 29*443 Personal saving* IIA basis 9,070 13,817 19*557 10*655 Credits froa govt, insurance 18*538 11*021 707 339 828 80 1,099 1,100 capital gains dividends 9*833 21*229 6*388 14*958 2*856 15* 117 let durables in coasnaptioa 998.3 913.2 85.1 12.6 .5 28.4 1096. 1 1001.8 94.3 15.1 .2 26.5 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 3 4 5 6 7 8 61*324 71,463 42*468 29*229 67*764 80*766 67*418 69,547 71*442 73*101 75*114 76*818 128,742 141*010 113*910 102*330 142*878 157*584 126.6 116.7 243.3 136.1 132.2 268.3 140.6 145.9 286.4 150.8 162.0 312.8 174.7 9 182.5 10 357.2 11 159*125 156*673 158*466 122*450 145*594 144*382 12 Gross investnent Capital expend, net of sales 79*723 94*483 86*310 95*306 98*702 116*939 13 17*991 22*612 25*120 20*585 27,769 33*312 Besidential construction 14 S8*961 69*091 58*390 71*892 68*089 80*756 Consuaer durable goods 15 2*844 2*829 2*871 2,771 2*780 2*800 lonprofit plaat and eguip. 16 245.1 171.9 45.0 121.5 5.4 285.1 183.0 45.6 132.2 5.2 311.1 223.2 60.6 156.8 5.7 331.9 265.9 81.8 178.2 5.9 378.3 306.1 99.2 200.2 6.6 1 Personal incoae 2 - Personal tazes and nontaxes 3 4 5 6 7 8 =» a ♦ ♦ » 9 = let sa* 10 ♦ Capital consuaption 11 » Gross saving 79*402 17 let fiaaecial investaeat let acg. of financial assets 105*878 18 62*190 98*422 72*156 93,370 27*144 71*895 66*474 66*149 63*231 12 13 14 15 16 46*892 98*813 27*443 97*358 73.2 127.0 102. 1 156.7 87.9 183.9 65.9 206.5 72.2 17 245.5 18 19 Dep. ♦ cr. aht. instr. (1) 46*622 73,492 78*968 107.7 127.2 151.0 160.6 191.0 19 20 21 22 23 24 Deposits Checkable dep. * curr. Snail tiae ♦ svgs.dep. Large tine deposits Honey aarket fund shrs 51*896 52*037 47*317 33*314 7*154 10,886 12*426 15*297 25*034 65*193 105*238 34*204 3*904 -7*589 -11*440 -38*779 22*025 -17*013 -26*296 -15*680 54*999 7*274 31*459 17*891 -1*625 57*496 5,941 38*432 13*577 -454 65.7 7.6 37.3 18.5 2.4 91.5 6.9 97.0 -13.6 1.3 123.2 15.7 116.2 -8.7 « 127.8 20.0 95.1 12.4 .2 129.6 22.4 66.1 34.2 6.9 20 21 22 23 24 25 26 27 28 29 30 Credit akt. instruaeats U.S. Govt, securities St.*100x1 obligations Corporate ♦ fgn. bonds Hortgages Open-aarket paper 14*578 8*709 7*065 3*083 4,065 -8*344 14*112 7*872 7*632 1*505 1*858 -4*755 15*914 15*695 4*764 -5*318 -806 1*579 13*308 -1*628 19*615 -5*633 -859 1*813 18*493 18*393 4*241 3*340 -1,176 -6*305 21*472 15*588 2*379 1*478 512 1*515 42.0 20.0 8.3 5.1 6.9 1.7 35.7 18.8 6.2 8.9 6.2 -4.4 27.8 9.7 2.0 11.8 7.4 -3. 1 32.9 19.7 -1.5 -3.2 8. 1 9.8 61.3 29.5 4.1 -1.8 14.2 15.4 25 26 27 28 29 30 31 32 Hutoal fond shares Other corporate equities 6*222 -5*072 5*822 -5*211 11*630 -8*797 7*746 -3,702 6*375 -6,207 6*819 -4*482 .9 -1.6 -.3 -3.5 -2.4 -2.2 .9 -4.4 -.1 31 -5.0 32 33 34 Life insurance reserves Pension fand reserves 3*645 33*988 3,704 28*254 4*131 28*606 3,828 31*278 3*879 36*626 3*947 27*226 6.7 29.6 8.7 34.9 8.4 44.0 11.5 55.9 12.0 33 61.8 34 35 36 37 let inv. in noncorp. bus. Security credit Hiscellaneous assets -3,001 1,904 1,718 -3*955 1*935 1*724 -7*973 -16*636 -17,384 -18,012 996 331 1*161 801 1*701 1,731 1,741 1,763 -18.0 -1.0 2.7 -14.5 .6 3.8 -21.8 1.5 5.5 -23.9 -1.0 6.9 -23.3 35 2.5 36 6.6 37 38 39 40 41 42 43 44 45 let increase in liabilities Credit aarket instruaents Hone aprtgages Ctber nortgages Installnent cons, credit Other consuaer credit Bank loans n.e.c. Other loans 26*476 24*913 15*054 681 5*166 1*173 536 2,303 36*232 31*053 16*267 654 7,329 2*961 2*909 933 21*214 15*608 20*698 631 -2,230 -421 -3,747 677 44*751 33*883 18*017 614 10*444 2*391 1*362 1*055 51*921 50*748 32*337 634 14*592 2*550 -368 1*003 69*915 63*375 35*038 610 20*323 6*519 182 703 53.8 53.9 38.0 1.1 9.5 .4 1.6 3.2 54.6 52.1 40.6 1.0 7.7 1.9 -1.2 2.2 96.0 89.5 61.4 .8 21.5 3.9 1.8 140.6 137.3 90.8 1.1 37.0 3.2 2.8 2.3 173.2 169.4 111.5 1.3 43.1 5.7 4.1 3.8 830 582 151 4*376 617 186 2*252 3*148 206 7,476 3*173 219 2*751 -1*824 246 6*511 -231 260 -1.8 1.0 .7 .7 1.1 .7 4.8 1.2 .6 1.3 1.2 .9 1.2 46 1.5 47 1.1 48 -30*383 -15*663 -44*556 -20*120 -2*716 13*202 -1.8 -16.8 -24.6 -19.1 -21.2 49 46 47 48 Security credit Trade debt Hiscellaneous 49 Discrepancy V 38 39 40 41 42 43 44 45 (1) Excludes corporate equities. Beaoraoda: 50 51 52 53 54 55 let physical investnent: <*> Besidential construction Expenditures Nobile hones cther - Capital consuaption - Hone nortgages » Excess net investaeat 17*991 1*168 16*823 12*749 15*054 -9*812 22*612 1*181 21*431 13,247 16*267 -6*902 25,120 20*585 27*769 33*312 1*523 1*486 1.517 1,409 23,711 19*099 26*252 31*789 13*678 14*041 14*506 14*882 20*698 18*017 32,337 35*038 -9*256 -11*473 -19,074 -16*608 45.0 3.1 41.9 19.7 38.0 -12.7 45.6 2.3 43.3 22.2 40.6 -17. 1 60.6 3.0 57.6 24.5 61.4 -25.3 81.8 3.9 77.9 28.6 90.8 -37.6 99.2 4.5 94.7 33.5 111.5 -45.7 56 57 58 (B) Consuaer durables Expenditures - Capital consuaption = let investnent 58*961 52*573 6*388 69*091 54,133 14*958 58*390 55*534 2*856 71*892 56*775 15*117 68*089 58*256 9*833 80*756 59*527 21*229 121.5 93.1 28.4 132.2 105.7 26.5 156.8 116.9 40.0 178.2 128.6 49.6 200.2 56 143.5 57 56.7 58 48.8 59 7.9 60 50 51 52 53 54 55 59 60 - Consuaer credit = Exlcess net investnent 6*339 49 10*290 4*668 -2*651 5,507 12*835 2*282 17*142 -7,309 26*842 -5*613 9.9 18.5 9.6 16.9 25.4 14.5 40.2 9.4 61 62 63 64 <C) Nonprofit plant and equip. Expenditures - Capital consuaption - Nonprofit nortgages « EScess net iavestaent 2*771 2*096 681 -6 2*780 2,167 654 -41 2*800 2*230 631 -61 2*829 2*285 614 -70 2*844 2*352 634 -142 2,871 2*409 610 -148 5.4 3.9 1. 1 .4 5.2 4.4 1.0 -.2 5.7 4.5 .8 .4 5.9 4.8 1. 1 e 15*765 6,576 14*022 7,647 14*002 5*361 17*417 -7 14*660 6*292 13*312 7*532 14.6 8.5 13.4 8.6 14. 1 6.9 14.7 5.9 14.9 65 6.1 66 22*551 23,611 20,365 17*965 23*152 24*390 24.1 24. 1 23.6 23.4 23.8 67 13*965 18*546 4*637 4*364 15*820 16*480 6*066 5,199 15,431 16*693 3*792 2.790 16*732 12*622 7*856 5*948 15*994 16*012 8*413 8*223 18*099 15,068 10*821 9*808 17.0 12.6 5.3 5.3 16.5 14.1 4.9 4.7 18.4 15.2 7.9 7.4 19.9 15.4 10.5 10.3 20.4 16.3 11.5 11.3 570*869 597,211 559,317 569*591 617*108 646*091 72 (2) Disposable incoae adj. (IIA disposable incoae ♦ govt, insurance credits * capital gains divid.) 1011.4 1111.4 1212.5 1337.2 6.6 5.5 1.3 -. 1 61 62 63 64 Per cent ratios: 65 Effective tax rate 66 Saving cate* IIA basis Per cent of disposable incoae adj. (2): 67 Gross saving 68 69 70 71 Capital expenditures Acquisition of finan. assets Net increase in liabilities Credit aarket borrowing IT/83 BASED Ol PBBLIHINABT AID IICOHPLETE IIPOBHATIOI 68 69 70 71 1502.6 72 FBBBOAHT 22, 19 84 Households Households 7 Sector Stateaeats of Saving aad Investnent SBASOHALLI ADJOSTID AIBOAL BATES SBASOHALLI ADJUSTED AIBOAL BATES 1979 1980 1981 1982 1983 | 1982 I in IT | | 1983 I II III IT Households, Personal Trusts, aad Bonprofit Organisations 1 2 1951.2 301.0 2165.3 336.5 2435.0 387.4 2578.6 402.1 2742.1 406.5 2591.3 399.8 2632.0 404. 1 2657.7 401.8 2713.6 412.6 2761.9 400.1 2835.3 Personal incoae 411.4 - Personal taxes and nontaxes 1 2 3 4 5 6 7 8 1650.2 1553.5 96.7 24.4 .9 52.5 1828.9 1718.7 110.2 35.3 1.8 32.8 2047.6 1912.4 135.3 41.0 2.7 39.7 2176.5 2051. 1 125.4 47.2 2.4 35.3 2335.6 2220.9 114.7 53.1 3.4 49.0 2191.5 2068.4 123.0 42.8 1.5 33.1 2227.8 2107.0 120.8 52.3 2.1 35.5 2255.9 2134.2 121.7 56.4 2.1 36.4 2301.0 2209.5 91.5 60.1 3.0 50.6 2361.7 2245.9 115.8 44.3 4.7 49.8 2423.9 2294.0 129.9. 51.6 3.6 59.3 3 4 5 6 7 8 9 10 11 174.5 206.4 380.9 180.0 233.2 413.3 218.7 252.5 471.2 210.2 268.4 478.6 220.2 296.5 516.7 200.5 269.7 470.2 210.8 278.2 489.0 216.7 285.8 502.4 205.2 292.4 497.6 214.6 300.5 515.0 244.4 » Bet saving 307.3 ♦ Capital consunption 551.7 « Gross saving 9 10 11 12 13 14 15 16 409.1 331.6 110.9 213.4 7.3 469.8 320.0 96.7 214.7 8.6 539.7 342.5 96.6 236.1 9.8 575.3 332.4 77.0 244.5 10.9 570.9 397.3 106.8 279.1 11.3 604.4 329.7 75.2 243.4 11. 1 611.3 343.6 80.4 252.1 11.1 612.2 356.4 86.6 258.5 11.2 571.3 390.5 101.4 277.7 11.3 541.9 409.3 115-1 282.8 11.4 558.2 Gross investnent Capital expend, net of sales 432.9 Besidential construction 124.0 Consuaer durable goods 297.4 Bonprofit plant and eguip. 11.5 12 13 14 15 16 17 18 77.5 257.9 149.8 277.4 197.2 320.6 242.9 335.6 173.6 361.4 274.7 359.4 267.7 382.1 255.8 388.1 180.8 371.5 132.6 314.8 17 125.3 Bet financial investnent Bet acg. of financial assets 18 371.3 19 224.7 217.6 273.3 225.6 262.3 250.6 243.5 255.5 240.7 266.5 286.6 Dep. * cr. akt. instr. (1) 19 20 21 22 23 24 134.8 21.8 59.8 18.8 34.4 158.5 3.7 83.4 42.2 29.2 199.4 25.7 47.1 19.2 107.5 168.2 22.9 135.5 -15.0 24.7 193.1 31.3 209.3 -3.4 -44.1 194.9 19.8 127.6 -40.6 88.1 160.3 45.0 225.2 -41.9 -68.1 240.6 75.6 399.0 -128.8 -105.2 156.9 53.2 173.0 -6.6 -62.7 204.9 -8.7 158.7 61.4 -6.5 170.1 4.9 106.7 60.4 -1.8 Deposits Checkable dep. ♦ curr. Saali tiae ♦ svgs.dep. Large tiae deposits Honey aarket fund shrs 20 21 22 23 24 25 26 27 28 29 30 89.9 45.7 10.4 5.7 20.0 8.2 59.1 32.6 7.0 .6 22.2 -3.2 73.9 48.7 9.4 -8.9 23.1 1.7 57.4 29.8 29.9 -9.4 15.3 -8.2 69.2 48.0 31.0 -6.1 -2.3 -1.4 55.7 10.7 27. 1 10.9 18.2 -11.2 83.2 45.5 36.3 3.8 8.4 -10.9 14.9 20.2 24.4 -18.8 -4.7 -6.4 83.8 52.1 67.6 -19.4 -3.3 -13.4 61.6 40.0 16.4 11.1 -4.3 -1.5 116.5 79.8 15.6 2.5 3.0 15.6 Credit akt. instruueats O.S. Govt, securities St.*local obligations Corporate * fgn. bonds Sortgages Open-aarket paper 25 26 27 28 29 30 31 32 .1 -15.3 5.2 -5. 1 6.8 -38.5 18.6 -15.1 32.6 -23.2 26.2 -25.8 21.8 -11.8 42.7 -41.1 34.8 -12.2 27.0 -31.3 25.8 -8.1 Hutual fuad shares Other corporate eguities 31 32 33 34 12.5 55.6 11.5 78.2 10.1 91.7 14. 1 106.3 15.8 123.7 14.6 105.0 14.8 122.4 16.5 131.9 15.3 130.3 15.5 113.3 15.8 119.9 Life insurance reserves Pension fuad reserves 33 34 35 36 37 -28.8 1.8 7.2 -40.8 5.2 5.6 -26.9 -2.1 6.1 -23.9 3-3 6.8 -60.0 3.3 6.9 -25.7 7.6 6.9 -23.2 7.7 6.9 -27.6 3.2 7.0 -48.3 4.0 7.1 -84.4 1.3 6.8 -79.7 4.6 6.8 Bet inv. In noncorp. bus. security credit Biscelianeous assets 35 36 37 38 39 40 41 42 43 44 45 180.4 176.4 121.2 1.5 38.4 7.1 1.9 6.4 127.5 117.5 98.3 1.9 1.4 3.4 3.6 8.8 123.4 120.6 78.8 2.3 18.2 5.9 •4.3 11. 1 92.7 86.3 55.8 2.6 13.1 5.2 2.4 7.2 187.8 163.6 106.1 2.5 43.1 11.0 -2.6 3.4 84.7 78.4 55.0 2.7 9.2 2.0 .4 9.2 114.4 93.7 57.7 2.6 17.0 6.5 6.0 3.7 132.3 109.8 77.9 2.5 24.9 3.9 -2.0 2.7 190.7 147.2 90.0 2.5 38.7 12.1 -.2 4.2 182.2 177.5 123.6 2.5 43.6 6.7 -2.9 4.0 246.0 219.9 132.9 2-4 65.4 21.4 -5.1 2.8 Bet increase in liabilities Credit narket instruaents Bone nortgages Other nortgages Installaeat cons, credit Other consuaer credit Bank loans n.e.c. Other loans 38 39 40 41 42 43 44 45 46 47 48 1.0 1.7 1.3 6.5 2.3 1.2 -1.6 2.7 1.8 3.3 2.4 .8 19.0 4.3 .9 3.3 2.3 .6 17.5 2.5 .7 9.0 12.6 .8 29-9 12.7 .9 11.0 -7.3 1.0 26.0 -.9 1.0 49 -28.2 -56.5 -68.4 -96.7 -54.2 -134.3 -122.3 -109.8 -73.7 -26.8 = * ♦ ♦ ♦ Disposable personal incoae Personal outlays Personal saving, BIA basis Credits fron govt, insurance Capital gains dividends Bet durables in consunption 46 47 48 Security credit Trade debt Hiscellaneous 49 -6.5 Discrepancy (1) Excludes corporate eguities. Beaoraada: 50 51 52 53 54 55 110.9 5.0 105.9 39.1 121.2 -49.4 96.7 4.5 92.2 44.1 98.3 -4 5.7 96.6 4.9 91.7 48.3 78.8 -30.5 77.0 4.8 72.2 50.9 55.8 -29.6 106.8 5.9 100.9 57.1 106.1 -56.4 75.2 4.7 70.6 51.0 55.0 -30.8 80.4 4.7 75.7 53.0 57.7 -30.3 86.6 5.6 81.0 54.7 77.9 -45.9 101.4 5.9 95.5 56.2 90.0 -44.7 115.1 6.1 109.0 58.0 123.6 -66.6 Bet physical investnent: (A) Besidestial construction 124.0 Expenditures Hobile hones 6.1 117.9 Other - Capital consunption 59.5 - Bose nortgages 132.9 » Excess net investnent -68.5 50 51 52 53 54 55 56 57 58 213.4 160.9 52.5 214.7 182.0 32.8 236.1 196.4 39.7 244.5 209.2 35.3 279.1 230.1 49.0 243.4 210.3 33. 1 252.1 216.5 35.5 258.5 222.1 36.4 277.7 227.1 50.6 282.8 233.0 49.8 (B) Consuaer durables 297.4 Expenditures - Capital consunption 238. 1 3 Bet investnent 59.3 56 57 58 59 60 45.4 7.1 4.9 27.9 24. 1 15.6 18.3 16.9 54.2 -5.1 11. 1 21.9 23.6 12.0 28.8 7.6 50.7 -.1 50.3 -.5 61 62 63 64 7.3 6.3 1.5 -.6 8.6 7.2 1.9 -.6 9.8 7.8 2.3 -.4 10.9 8.3 2.6 -.1 11.3 9.3 2.5 —.4 11. 1 8.4 2.7 « 11.1 8.7 2.6 -.2 11.2 8.9 2.5 -.2 11.3 9.1 2.5 -.3 65 66 15.4 5.9 15.5 6.0 15.9 6.6 15.6 5.8 14.8 4.9 15.4 5.6 15.4 5.4 15.1 5.4 67 22.7 22.1 22.5 21.5 21.6 21.0 21.4 68 69 70 71 19.8 15.4 10.8 10.5 17.1 14.9 6.8 6.3 16.4 15.3 5.9 5.8 14.9 15.1 4.2 3.9 16.6 15.1 7.9 6.8 14.7 16. 1 3.8 3.5 15.1 16.7 5.0 4.1 72 1675.5 1865.9 2091.3 2226.0 2392.1 - Consuaer credit 3 Excess net investnent 59 60 11.4 9.4 2.5 -.6 (C) Bonprofit plant and eguip. 11.5 Expenditures - Capital consuaptioa 9.6 - Bonprofit nortgages 2.4 » Excess net investnent -.6 61 62 63 64 15.2 4.0 14.5 4.9 14.5 Effective tax rate 5.4 Saving rate, BIA basis 21.7 21.0 21.4 22.3 Gross saving 15.4 16.8 5.7 4.7 16.5 15.7 8.1 6.2 17.0 13.1 7.6 7.4 17.5 15.0 9.9 8.9 86.8 -27.5 Per cent ratios: Per cent of: disposable incone adj. BILLIOIS OF DOLLABS. 65 66 (2): Capital expenditures Acquisition of finan. assets Bet increase in liabilities Credit narket borrowing 67 68 69 70 71 72 2235.8 2282.3 2314.5 2364.1 2410.7 2479.2 (2) Disposable incoae adj. (BIA disposable incoae ♦ gout, insurance credits * capital gains divid.) IT/83 BASED OB IHCOHPLETE IBFOBBATIOB. PIBIUABT 22, 1988 Total and noncorporate Business Total and loncorporate Busiaess 8 doctor Statesests of laving and Investnent UMAWOSfXD lit Pions(8 MZU) 01 ADJUSTED MIT PIONS (B 1X11) 1982 XXX XT | | 1983 X XX XXX XT Bonflnaacial 1 Xncoae before tares 2 Gross saving 68*806 80*283 86*878 78*320 3 Gross innestasst 87*870 67*803 80*819 79*073 95*275 88*602 92*863 1978 BILLIONS OP DOLLABS 1975 1978 1977 1978 Business - Total 88*988 93*902 206.8 115.3 208.9 158.1 241.4 171.5 276.6 198.8 314.6 223.8 1 2 3 55*258 70*378 86*950 89*286 69*795 115.1 188.1 162.3 182.2 199.5 83*772 88*082 82*822 80*829 78*558 79*013 3*701 -505 2*183 2*321 587 -18*170 803 3*823 66*079 72,837 72*955 -3*681 3*523 -7*881 683 93*270 92*277 79*565 8*986 3*726 -3*605 8*598 93*860 87*138 78,021 4*951 8*162 8*539 1*787 88*862 89*956 87*870 -2*232 8*318 -2,211 717 176.8 156.1 183.5 .5 12.1 18.1 6.5 189.0 158.6 186.0 2.8 5.8 -6.9 1.3 187.6 172.0 161.1 4.2 6.6 11.8 8.0 230.0 204.5 190.6 5.5 8.8 23.0 2.5 271.2 4 282.7 5 230.7 6 2.6 7 9.8 8 26.5 9 2.0 10 -15*902 -10*828 11 Met financial investaeat 6*561 Met acg. of financial assets 19*725 12 35*827 17*389 Met increase in liabilities 13 -285 8*185 Corporate egalties 18 Credit aarket lastrneeats 30*890 10*327 15 10*238 Bogds 12*019 18 8*338 Mortgages 5,773 17 Bask loses n.e.c. 18*755 6*088 18 128 -12*110 other loans 19 8*299 15*753 11*858 7*798 12*026 5*899 5*750 -1*833 1*810 -6*320 38*599 80*919 11*321 35*891 9*126 21*653 1*891 3*221 -8*218 -18*667 83*772 38*281 87*986 52*988 8*196 5*000 32*797 83*053 4*146 5*221 19*133 13*836 8*192 17*808 5*326 6*992 -61.7 58.3 116.2 8.1 98.1 21.3 25.8 31.2 16.2 -.9 44.3 45.2 9.9 81.8 29.8 16.0 -9.2 5.2 -25.8 58.3 83.7 10.5 69.8 25.3 22.9 4.6 17.0 -87.7 67.8 115.2 2.7 110.0 29.5 38.8 28.3 21.7 -71.6 98.5 170.1 -.1 127.6 28.8 37.8 33.3 28.1 -3,531 12*967 21*453 18*795 -8*835 -18*860 -10*460 -13*900 30.1 -12.2 7.9 -18.3 13.3 -9.9 28.2 -21.7 53.6 20 -11.1 21 .2 6.Q 9.2 16.5 23.8 22 8 Capital szpeaditeres Pined investaeat 5 Business plaat ♦ eguipaeat 6 7 Bose construction (1) 8 Haiti-faally residential 9 Change in inventories Bineral rte. fron O.S. Govt. 10 20 21 Trade deht Other Liabilities 22 Discrepancy 8*052 950 -133 -950 12*813 23*066 10,481 8*325 3*617 28,107 11 12 13 18 15 16 17 18 19 Para Business 1 Het incoae 3*951 6*504 5*582 5*240 3*878 6*275 26.5 28.6 19.1 19.1 26.3 1 2 Met saving 3 Capital ooosuaption 8 Corporate Moncorporate 5 6 Curreat surplus « gross saving -15 5*502 680 8*822 5*867 15 5*635 689 8*946 5*650 -19 5*606 689 8*917 5*587 4 5*646 690 8*956 5*650 81 5*696 697 4*999 5*737 86 5*728 706 5*018 5,770 -.1 8.5 .6 7.7 8.8 .1 10.1 1.0 9.1 10.2 -.1 11.1 1.2 9.9 11.1 -.3 12.6 1.8 11.2 12.3 •2 18.2 1.6 12.6 18.8 2 3 8 5 6 7 Gross investaent 8 Capital enpenditures 9 Plant and eguipaent Besidestial construction 10 11 Change in Inventories 5*887 3,632 3*983 332 -683 5*650 8*123 4*215 579 -671 5*567 3*981 3*768 318 -101 5*650 3*880 4*171 369 -1*060 5*737 1*893 3*968 808 -2*475 5*770 3*161 8*892 398 -1*725 8.8 10.2 10.7 1.3 -1.8 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 18.8 7 20.8 8 17.6 9 1.7 10 1.1 11 12 Met financial investaent 13 Met acg. of financial assets 14 Deaand deposits ♦ currency 15 Miscellaneous assets 16 Insurance receivables 17 Bg. in spons. ags. (2) 1*855 883 33 810 331 79 1*527 504 38 870 325 185 1*606 378 35 339 328 15 2,170 370 36 334 322 12 3*888 356 37 319 319 - 2*609 356 38 318 318 - -1.8 .6 -.2 .8 .5 .2 -7.1 1.0 .1 .9 .7 .2 -1.8 1.8 -.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 12 13 18 15 16 17 18 19 20 21 22 23 24 18 19 20 21 22 23 28 Met in rease in liabilities Credit narket instruaents Bortgages Begk loans n.e.c. other loans O.S. Governaent Pad. Xnt. Credit Banks -1*812 2*928 932 1,235 757 367 390 -1,023 -2*168 885 -872 -1*777 233 -2*010 -1,232 -729 206 310 -1*285 -255 -990 -1*800 4*575 1*056 2,071 1*888 578 870 -3*888 1*330 1*084 586 -300 -280 -20 -2,253 -1,251 588 201 -2*000 -200 -1*800 2.8 7.8 5.0 1.1 1.7 .1 1.7 8.1 8.5 8.6 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 1.8 8.0 18.6 7.2 2.5 5.0 3.5 1.5 25 26 Trade debt Proprietor net investaent 78 -8*818 -118 1*259 161 -668 91 -6*866 236 -5*058 270 -1*272 .2 -5.7 .5 -.8 .8 -7.8 .9 -5.8 1.6 25 -8.3 26 Bonfarn loncorporate Busineas 2 Gross svg.«capital coaeuap. 30*060 14*955 31*001 18*775 33*495 14*818 35*553 18,597 36*580 15,291 37,968 14*566 75.2 21.3 77.6 28.2 87.8 26.2 101.5 29.1 110.8 33.2 1 2 3 Gross ievestaeat 8 Capital enpenditares 5 Pined capital 6 Plant and eguipaent 7 Bone construction (1) flulti-faaily residential 8 9 Change in inventories 14*955 19*416 18*662 15*679 1,685 1*896 558 18*775 18*231 16*108 18*956 -582 1*698 -1*877 18*818 18*820 15,752 18*737 -1,978 2*993 -932 18*597 21*079 20*755 13,557 8*309 2*889 328 15*291 19*789 18*578 13*197 2*278 3*103 1*215 18*566 13*003 13*938 11*933 -1*313 3*318 -935 21.3 28.6 28.6 18.8 —.8 10.2 * 28.2 22.0 23.1 16.9 .9 5.3 -1.1 26.2 26.6 25.6 18.3 1.6 5.7 1.0 29.1 37. 1 35.1 26.3 2.0 6.8 2.0 33.2 89.2 47.2 39.8 .8 7.3 2.0 3 8 5 6 7 8 9 -8*861 771 — 253 518 508 18 588 1*577 1*086 S31 516 15 -2 901 366 535 525 10 -6*882 1*206 708 500 538 -38 -8*898 1*196 685 553 588 9 1*563 2*517 1,939 578 553 25 -7.8 1.8 .7 1.0 1.0 ♦ 2.2 2.1 .8 1.3 1.2 • -.4 3.3 1.2 2. 1 2.1 .1 -7.9 3.1 .6 2.6 2.5 • -16.0 4.8 1.8 3.0 2.9 .1 10 11 12 13 18 15 16 5*232 8,938 3*998 1*388 -621 3*267 1*033 6*879 8*818 -834 5 8*847 903 8,698 7,275 -1*582 856 8,801 7*690 18*031 17*060 3*447 2*232 11*381 5*696 17*930 16*221 1*819 1*782 12*620 958 17*358 13*637 -1,050 3*750 10*937 9-1 20.2 19.8 -.3 5.5 18.2 1 12.5 12.5 .7 -.3 12.0 3.7 15.8 18.8 1.2 2.7 10.8 11.1 28.0 23.8 1.6 5.1 17. 1 20.8 32.8 26.1 .4 6.5 19.3 17 18 19 20 21 22 1,179 -239 782 1*719 763 636 512 459 205 1*508 -81 3*758 -1.0 1.8 -2.0 2.0 -3.6 8.3 .9 3.3 .3 23 6.0 28 -1*115 1*813 -632 -5*218 96 380 -171 -882 -7,309 -10*170 -12*330 -16,780 1.3 -12.3 1.1 -13.7 2.2 -18.0 1.2 -18.1 3.1 25 -15. 1 26 1 Met incoae 10 Bet financial investaeat 11 Met acg. of financial assets 12 Deseed deposits ♦ currency Consuner credit 13 Miscellaneous assets 14 Insurance receivables 15 16 Egeity in epone.ags. (2) 17 18 19 20 21 22 23 28 25 26 Met inarease in liabilities Credit narket instrueeeta Bortgages Hoae aortgages flulti-faaily Coaaercial Bank loans e.e.c. Other loans Trade debt* aet Proprietor net iavestaent (1) Para plus nonfarn change in work in process. (2) Shares in PICB's, Bants for coops* and Federal land Banks. IT/83 BASED OM PBBLIBIBABY AMD IMCO8PIBT1 IIPOBHATIOI FEBBOABY 22, 198* Total and noncorporate Business Total and noncorporate Business 9 Sector Stateaents of Saving and Investaent SEASONALLY ADJUSTED AMMOIL BATES 1979 1980 1981 1982 SEASONALLY ADJUSTED ANNUAL BATES I 1982 1 III 1983 nonfinancial 1 2 343.6 243.9 317.9 25 3.8 330.8 303.3 272.5 321.1 316.0 362.9 IT 1983 | 1 I II III 312.2 351.3 335.5 378.3 340.6 Incone before taxes 389.6 Gross saving 1 2 3 If Business - Total 270.4 325.8 267.9 326.0 275.8 332.3 3 244.9 240.7 261.7 263.4 316.4 268.9 273.5 269.0 305.9 354.4 336.2 Gross investaent a 5 6 7 8 9 10 295.9 276.9 269.2 .2 7.5 14.3 4.7 287.9 292.7 286.5 -.2 6.4 -9.8 5.0 357.5 334.2 326.5 -2.3 10.0 18.5 4.8 317.2 333.9 320.3 2.6 11.0 -24.5 7.8 341.3 342.2 318.4 8.1 15.7 -8.7 7.8 324.9 326.6 314.0 3.3 9.3 -4.9 3.2 281.6 324.3 308.1 5.8 10.5 -56.4 13.7 290.5 327.2 302.6 11.8 12.8 -39.4 2.7 336.8 333.0 306.1 13.5 13.4 -14.5 18.4 362.2 346.5 320.2 8.2 18.1 8.5 7.1 4 375.5 Capital expenditures 5 362.2 Fixed investaent 344.8 Business plant ♦ eguipaent 6 7 -1.3 Bone construction (1) 18.7 8 Bulti-faaily residential 9 10.5 Change in inventories 2.9 10 Bineral rts. froa O.S. Govt. 11 12 13 1* 15 16 17 18 19 -51.0 134.1 185.2 -7.8 151.7 27.3 40.8 49.3 34.3 -47.2 103.9 151.1 12.9 126.1 37.5 34.9 33.1 20.7 -95.8 69.3 165. 1 -11.5 159.6 35.5 33.4 50.4 40.3 -53.8 25.3 79. 1 11.4 111.5 34.0 24.6 52.0 .8 -24.9 128.4 153.3 28.3 123.4 24.4 60.0 21.7 17.3 -56.0 34.8 90.8 -1. 1 127.3 42.0 17.0 55.3 13.0 -8.2 26.5 34.7 32.6 52.7 44.6 24.6 15.8 -32.3 -21.5 80.8 102.3 31.2 79.9 28.4 43.9 14.3 -6.7 -31.0 165.6 196.5 45.3 94.9 35.1 63.7 1.2 -5.0 -7.9 129.2 137.1 16.8 131.2 17.4 71.2 9.5 33.0 -39.3 Bet financial isvestaeat 138.0 Bet acg. of financial assets Bet increase in liabilities 177.3 20.0 Corporate eguities 187.5 Credit aarket instrunents 16.6 Bonds 61.1 Hortgages 61.7 Bank loans n.e.c. 48.1 Other loans 11 12 13 14 15 16 17 18 19 20 21 55.6 -14.4 4 1.0 -28.8 28.7 -11.7 -14.0 -29.7 *9.7 -48.1 -9.0 -26.5 -22.5 -28.0 12.4 -21.2 73.3 -17.0 62.8 -73.7 50.2 -80.4 20 21 22 -1.0 13. 1 41.6 57.7 46.5 56.9 52.5 63.3 45.4 23.9 53.3 Discrepancy Trade debt Other liabilities 22 Fara Business 1 31.9 21.8 30.5 21.5 20.9 15.8 26.0 22.2 21.0 15-5 25.1 Net incone 1 2 3 4 5 6 .1 16.3 1.9 14.4 16.4 -.5 18.6 2.2 16.4 18. 1 -.4 20.7 2.5 18.2 20.3 • 21.9 2.7 19.2 21.9 .1 22.7 2.8 19.9 22.7 -.1 22.0 2.7 19.3 21.9 .1 22.5 2.8 19.8 22.6 -.1 22.4 2.8 19.7 22.3 a 22.6 2.8 19.8 22.6 .2 22.8 2.8 20.0 22.9 .2 Net saving 22.9 Capital consuaption Corporate 2.8 20.1 Noncorporate 23.1 Current surplus « gross saving 2 3 4 5 6 7 8 9 10 11 16.4 27.2 19.9 1.7 5.7 18. 1 15.2 18.7 1.8 -5.3 20.3 27.2 18.4 1.3 7.6 21.9 16. 1 16.0 1.5 -1.4 22.7 12.5 16.4 1.5 -5.4 21.9 14.5 15.8 1.3 -2.6 22.6 16.5 16.9 2.3 -2.7 22.3 15.9 15. 1 1.3 —.4 22.6 13.9 16.7 1.5 -4.2 22.9 7.5 15.9 1.6 -9.9 23.1 Gross investnent 12.7 Capital expenditures 18.0 Plant and eguipaent Besidestial construction 1.6 Change in inventories -6.9 7 8 9 10 11 12 13 1a 15 16 17 -10.8 2.1 .1 1.9 1.5 .4 3.0 2.0 .1 1.9 1.3 .6 -6.9 1.9 .1 1.7 1.1 .6 5.8 1.8 .1 1.7 1-3 .4 10.2 1.5 -1 1.3 1.3 • 7.5 1.8 .1 1.6 1.3 .3 6.1 2.0 .1 1.9 1.3 •6 6.4 1.5 .1 1.4 1.3 .1 8.7 1.5 .1 1.3 1.3 a 15.4 1.4 .1 1-3 1.3 - 10.4 Bet financial investaent Bet acg. of financial assets 1.4 Deaaad deposits ♦ currency .2 Hiscellaaeous assets 1.3 Iasurance receivables 1.3 Eg. in spoas. ags. (2) - 12 13 14 15 16 17 18 19 20 21 22 23 2a 12.9 21.4 11.8 2.8 6.7 3.4 3.3 -1.0 14.4 9.3 .5 4.5 2.6 1.9 8.8 16.3 9.7 1.4 5.2 3.4 1.8 -4.0 9.0 5.2 3.2 .6 1.5 -.8 -8.8 3.9 2.9 3.2 -2.1 -.2 -1.9 -5.7 10.8 4.5 3.7 2.6 2.6 • -4.1 7.3 4.4 .3 2.6 4.2 -1.5 -4.9 -2.4 -.7 3.8 -5.5 -2.3 -3.2 -7.2 1.6 2.7 2.8 -3.8 -1.1 -2.7 -14.0 4.3 4.9 1.1 -1.7 .2 -1.9 -9.0 12.2 4.5 5.0 2.7 2.6 .1 Net increase in liabilities Credit aarket instrnaents Hortgages Bank loans n.e.c. Other loans D.S. Governaent Fed. Int. Credit Banks 18 19 20 21 22 23 24 25 26 1.2 -9.6 1.0 -16.4 1. 1 -8.6 -.6 -12.4 .8 -13.5 .3 -16.8 -.5 -11.0 .6 -3.2 .4 -9.2 .9 -19.2 1.1 -22.3 Trade debt Proprietor net investaent 25 26 151.9 Bet incone 58.3 Gross svg.=capital consuap. Bonfara noncorporate Business 1 2 120.8 38.7 118.7 46.2 117.7 52.3 119.6 58.7 143.6 59.3 120.2 59.8 124.0 59.1 134.0 59.3 142.2 58.4 146.3 61.2 3 4 5 6 7 8 9 38.7 49.3 49.6 45.5 -.8 4.9 —.4 46.2 51.6 52.9 50.0 -1.0 3.9 -1.3 52.3 68.7 67.5 61.9 -1.8 7.4 1-2 58.7 69.8 71.7 62.5 .5 8.7 -1.8 59.3 68.7 69.0 53.4 3.3 12.3 -.3 59.8 70.3 70.7 62.7 1-0 7.0 -.5 59.1 65.0 69.6 59.8 1.7 8.0 -4.6 59.3 72.2 74.2 58.9 5.3 9.9 -1.9 58.4 69.9 70-5 54.2 6.0 10.3 -.6 61.2 72.1 70.4 52.8 3.3 14.3 1.7 10 11 12 13 14 15 16 -10.6 4.8 1.8 3.0 2.9 .1 -5.4 3.0 .4 2.6 2.5 -1 -16.4 4.8 2.6 2. 1 2.1 .1 -11.2 3.8 1.7 2.1 2.0 • -9.4 5.8 3.7 2.2 2.2 ♦ -10.5 2.7 .6 2. 1 2.0 .1 -5.9 2.7 .5 2.1 2. 1 .1 -13.0 5.5 — 3.4 2.1 2. 1 • -11.5 6.5 4.5 2.0 2.1 -.1 -10.9 4.2 2.0 2.2 2.2 • 17 18 19 20 21 22 15.4 34.4 27.6 -.6 5.4 22.8 8.5 33.7 23.. 5 -.8 5.8 18.4 21.2 39.6 25.2 -1.4 3.0 23.6 15.C 29.8 19.6 .4 .8 18.4 15.2 62.0 54.2 2.6 8.2 43.3 13.2 26.5 13.9 .8 -2.5 15.6 8.5 23.3 19.5 1.4 V 18.1 18.5 44.8 40.8 4.2 1.8 34.8 18.0 57.8 55.6 4.8 8.9 41.9 15.2 80.0 63.7 2.6 7.1 53.9 9.4 65.4 56.6 -1.1 15.0 42.7 23 24 .6 6.1 3.4 6.8 6.2 8.3 7.3 2.8 1.5 6.4 6.8 5.8 3-3 .4 3.8 .1 -1.5 3.7 3.1 13.2 .4 8.4 25 26 .1 -19.1 -.9 -24.4 -.2 -18.3 -3.3 -11.5 -.2 -46.5 -4.5 -8.9 -2.5 -12.2 -1.9 -24.4 -.7 -39.2 .4 -65.3 1.4 -57.4 58.3 Gross investaent 60.5 Capital expenditures 61.0 Fixed capital 47.7 Plant and eguipaent -1.4 Hoae construction (1) Bulti-faaily residential 14.7 Change ia iaveatories -.5 -2.2 Met financial investnent Bet acg. of financial assets 7. 1 Denand deposits ♦ currency 4.8 Consuaer credit Hiscellaneous assets 2.3 Insurance receivables 2.2 Eguity in spoas.ags. (2) .1 Bet increase in liabilities Credit narket instrunents Hortgages Hose sortgages Hulti-faaily Coasercial Bank loans n.e.c. other loans Trade debt, net Proprietor net investaent (1, Pars plus nonfarn change in vork in process. (2) Shares in FICB’S, Banks for Coopsi, and Federal Land Banks. BILLIONS Of DOLLABS. If/83 BASED OM IBCOHPLETB INFOBHATION. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 FEBBUART 22, 1984 Monfiaancial Corporate Business loafiaaacial Corporate Business 10 Sector Stateaents of Savin? and Investaent UNADJUSTED MET PLOBS(S BILL) UNADJUSTED NET FLO1S(S BILL) 1982 III 17 I J 1983 I 17 III II 1914 BILLIOBS OF DOLLARS 1975 1976 1977 1978 lonfinancial Corporate Business* Excluding Faras 34,395 10*644 16*794 5*291 29.369 7*981 20*681 -1*971 28*366 10*516 17*828 -135 38*280 14,374 17*747 11*708 44*148 15,988 17*883 8*251 40*705 14,503 22*296 517 105. 1 41.8 30.9 32.4 106.7 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 1 2 3 4 Capital consuaption adj. Depreciation charges* IIPA Earnings rec. froa abroad O.S. internal funds* book 511 52*395 2*348 60*545 1*619 53*098 4,721 57,467 3*960 53*141 2,355 59*321 6*778 53*477 2*297 74*260 9*712 54,206 1*728 73*897 11*906 54*565 4*904 71,892 -1.7 78.7 9.6 118.9 -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 5 6 7 8 9 * Fgn. earnings ret. abroad 10 * Inv. valuation adjustsent 11 = Total internal funds * I7A 1,021 -1*725 59*841 2*850 —2*422 57,895 2*469 -1*376 60*414 3,361 -2*593 75,028 2*028 -4,090 71*835 3*037 -1,363 73*566 6.7 -40.0 85.6 6.9 -11.6 119.7 6.0 -14.7 134.2 4.8 -16.2 157.4 9.2 9 -24.0 10 175.7 11 12 Gross investaent 13 Capital expenditures (1) Fixed investaent 14 Plant aad eguipaent 15 Bone construction 16 Hulti-faaily residential 17 18 Inventory change * IVA Hineral rts. froa O.S. Govt. 19 47,428 34*829 60*724 47*728 59,285 59*927 56*936 59*842 1*684 -542 665 627 636 -15*622 803 3*423 49*973 47*278 53*003 54*450 -1*977 530 -6*408 683 66*703 68*711 66*982 61*837 4*308 837 -2*869 4*598 68*218 71,778 64*192 60*860 2*273 1*059 5*799 1*787 49*459 72*298 71,132 71*445 -1*313 1*000 449 717 85.4 137.9 115.4 114.0 -.4 1.8 16.0 6.5 113.6 109.7 117.7 116.3 -9 .5 -9.3 1.3 125.0 148.3 131.5 129.0 1.6 .9 12.8 4.0 140.9 175.1 152.7 149.2 2.0 1.5 19.9 2.5 151.9 201.6 176.2 173.7 .4 2.0 23.4 2.0 -13.296 -12*899 20 let financial investaent let acg. of financial assets 18.511 4*480 21 2*695 14*478 -2*008 33*021 -3*560 —22*839 42*218 31*408 -52.5 52.2 3.9 41.2 -23.3 53.5 -34.2 62.5 -49.7 20 92.0 21 1 2 3 4 Profits before tax - profit tax accruals - Doaestic net dividends = Doaestic undist. profits 5 6 7 8 ♦ ♦ ♦ > 12 13 14 15 16 17 18 19 22 23 24 25 26 Liguid assets Deaand dep. and currency Tiae deposits Security lp*s Foreign deposits 7*965 -874 4*340 -569 -996 14*471 5*480 2*799 3*687 -479 3*757 -4*752 2*000 3*608 2*311 11*002 2*645 3,076 110 761 5*942 418 2*221 -1*572 87 17,574 6*108 4*519 1*699 112 6.0 1.2 3.8 -5.8 -.2 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 27 28 29 O.S. Govt, securities Statevlocal obligations Coaaarcial paper 5*086 163 815 2*502 171 311 219 350 21 5*875 155 -1*620 357 117 4*314 -1*262 43 6*355 2.3 .6 4.1 8.7 -.2 3.1 2.1 -1.1 5.0 -6.4 • -.1 -4.5 27 .2 28 .2 29 112 2*074 6*340 -16*577 4*094 4,512 1*082 51 -98 -1*646 1,180 1*697 -2,163 9*064 3*820 1*221 -179 1*400 654 15,710 5*655 2*662 -175 2,837 1*177 27,221 7.878 4,677 2*151 2*526 3*946 4*664 5,224 2,200 -300 2*500 .6 32.3 13.3 8.9 1.2 7.8 .7 5.8 14.9 14.0 6.0 8.0 1.9 18.7 18.3 11.6 3.9 7.7 1.2 36.1 21.5 11.5 5.1 6.4 1.8 56.0 24.5 15.7 4.4 11.3 30 31 32 33 34 35 Consuaer credit Trade credit Biscellaaeous assets Foreign dir. invest. (2) Iguity* etc. Betained earnings 36 37 38 Insuraace receivables Eguity ia sponsored ags. Other 39 40 41 let increase in liabilities Net funds raised in akts. Net new eguity issues Debt instruaents Tax-exeapt boads (3) orpprate bonds (2) 42 43 44 45 46 47 48 Bortgages Bone aortgages Balti-faaily Coaaercial 49 50 51 52 53 Bank loans n.e.c. Coaaercial paper Acceptances ■Finance coapany loans io. s. Governaent loans 54 55 56 57 58 Profit taxes payable Trade debt Fgn.direct invest, xn U. S. Eguity* etc. Betained earnings 59 Discrepancy 9.8 4.4 2.0 5.5 2.0 22 23 24 25 26 30 31 32 33 34 35 630 75 2,307 667 3*794 687 3 1*909 701 4 2,288 728 2*473 743 2 2,279 2.1 • 2.2 2.2 « -1.4 3.4 * 3.2 4.4 .1 5.5 5.6 36 • 37 3.2 38 31*807 22,767 -265 17*379 13*757 8*145 11*783 11*855 7*794 35*029 24*206 11,321 45*778 17*733 4*196 54*247 31*950 5*000 104.7 70.2 4.1 37.3 30.8 9.9 76.8 54.7 10.5 96.7 72.4 2.7 141.8 39 80.5 40 -. 1 41 23*032 4.302 5,936 5*612 3,877 8*142 4*061 2*454 3*445 12*885 2*883 6*243 13*537 2*073 2*073 26,950 1*962 3.259 66.1 1.6 19.7 20.9 2.6 27.2 44.2 2.5 22. 8 69.7 6.7 22.9 80.6 42 7.7 43 21.1 44 847 1*348 -246 -255 -569 -434 103 -238 -1*731 -1*582 57 -206 3,537 3*447 272 -182 1*868 1*819 203 -154 -749 -1*050 428 -127 .9 -.3 1.4 -.2 -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 45 46 47 48 12*341 6*214 -2,015 -11,738 356 568 446 -1,482 819 600 -2*526 2*546 -1*386 1*290 -31 -1.092 -1*614 -38 2*636 330 3*401 1*127 611 2*034 350 17*244 -2*512 456 7*790 -500 31.1 4. 1 1.3 5.8 1.5 -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 49 50 51 52 53 54 55 56 57 58 1*316 5*089 2*635 2*784 -149 225 617 2*780 2*941 -161 1*084 -3*210 2*054 2*007 47 -4*454 13*047 2*230 1*841 389 4*516 21*121 2*408 1*900 508 2*112 18,185 2*000 1*500 500 1.1 28.7 4.8 3.7 1.1 -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 12*413 23*066 10*441 8*325 3*617 24*107 .2 6.0 9.2 16.5 23.8 59 12*274 10*304 2*663 19*756 6*100 -13*521 10*051 11*544 3.6 41.5 -.5 42.4 8.4 45.2 14.0 59.9 6.9 60 63.8 61 fleaoraadua iteas: Trade credit net of trade debt 1*251 -17,194 6,717 7*683 Profits tax payaeats Debt subtotals: Securities and aortgages 11*085 11*450 11*947 -5*838 Loans and short-tera paper Total short-ter a liab. (4) 18*352 -4,996 Per cent ratios: 30*946 27*174 Effective tax rate Capital outlays/laternal funds 101*475 82.438 Cr. akt. borroving/cap. exp. 37*928 11,758 4*168 -107 -2*233 12*663 222 8*815 6*014 7,523 33*160 4*472 22*478 42*775 22.2 43.9 73.6 28.7 -7.9 -4.0 27.7 16.5 34.2 33.1 36.6 57.2 32.9 62 47.7 63 101.0 64 37,072 78*256 8*589 37*549 91*580 18*752 36*214 99,920 18*859 35*629 98*276 37*276 39.8 161.0 47.9 38.4 91.7 19.0 39.0 110.5 29.8 38.0 111.3 39.8 37.5 65 114.7 66 40.0 67 (1) Capital outlays on book basis: 68 Inventory change* UFA 636 -15,622 69 Less: Iqv. val. adjustaest -1,725 -2,422 2*361 -13*200 70 Inventory change before I7A -6*408 -1,376 -5*032 -2,869 5*799 -2*591 —4*090 -276 9*889 449 -1*363 1*812 16.0 -40.0 55.4 -9.3 -11.6 2.2 12.8 -14.7 27.5 19.9 -16.2 36.1 23.4 68 -24.0 69 47.5 70 71*304 74,260 75*868 73,897 73*681 71*892 177.8 118.9 121.3 124.4 163.0 142.9 191.3 168.7 225.6 71 190.5 72 -2*956 1*971 1*769 59.0 -3. 1 20. 1 22.5 35.1 73 60 61 62 63 64 65 66 67 62*449 50*ISO 48*654 71 Total cap. expend, before IVA 60*545 57*467 59*321 72 O.S. internal funds* book Financing gap: Excess of capital expenditures 1*904 -7,317 -10*667 73 over 7^S. internal funds (2) Corporate bonds include net issues by Netherlands Antilles subsidiaries* and O.S^ foreign direct investaent is before subtracting reflows of capital froa Motherlands Antilles subsidiaries* foreign financing. (3) Industrial revenue bonds. Issued by state and local governnents to finaqce 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* aad trade debt. Includes loans due ia note than one year and excludes current aaturities of securities and aortgages. 17/83 BASED 01 PBBLIBIIABT AID IBCOBPLETE IIFOBBATIOI FBBBQABT 22, 196* Nonfinancial Corporate Business Noafi sandal Corporate Baalaeas Sector Stateaents of Saving aad Investaent SEASONALLY ADJUSTBD ANNUAL BATES SEASONALLY ADJUSTBD AIBOAL BATES 1980 1979 1981 1982 1983 I 1982 I IH IT | 1 1983 I IX IH IP Nonfinancial Corporate Business, Excluding Paras 1 2 3 a 190.9 68.9 54.7 67.3 177.4 66.7 61.7 49.0 182.6 65.3 67.6 49.7 131.4 41.3 71.1 19.0 151.5 55.4 75.8 20.3 134.4 42. 1 71.6 20.7 117.9 33.6 72.6 11.6 119.6 41.9 73.9 3.8 149.0 55.1 74.5 19.4 173.7 64.0 76.2 33.4 163.7 60.6 78.3 24.8 Profits before tax - Profit tax accruals - Donestic net dividends « Dosestic undist. profits 5 6 7 8 -13.7 147.7 15.1 216.4 -14.3 167.8 18.2 220.7 -8.8 189.7 14.4 245.0 .8 207.3 14.2 241.3 32.4 215.4 11.3 279.4 2.0 209.6 13.3 245.7 6.5 212.4 13.6 244.1 15.8 212.6 10.8 243.0 27.1 213.9 9.2 269.6 38.8 216.8 11.4 300.5 47.6. 218.3 13.7 304.4 ♦ ♦ ♦ « Capital consuaption adj. Depreciation charges, NIPA Earnings rec. fros abroad O.S. internal funds, book 5 6 7 8 9 10 11 15.5 -4 3-1 188.8 1 1.7 -4 2.9 189.5 9.3 -23.6 230.6 7.6 -8-4 240.5 10.9 -9.4 280.8 7.4 -9-0 244.0 10.5 -10-3 244.3 9.4 -1.7 250.7 11.3 -10.6 270.3 12.0 -18.3 294.1 11.0 * Pga. earnings ret. abroad -7.1 ♦ Inv. valuation adjustaent 308.2 - Total internal funds ♦ IVA 9 10 11 12 13 14 IS 16 17 18 19 189.8 219.4 205.7 203.9 -.8 2.6 9.0 4.7 176.4 221.2 219.3 217.8 -1.0 2.5 -3.2 5.0 189. 1 261.6 247. 1 246.2 -1.8 2.6 9.7 4.8 182.8 231.2 244.7 241.8 .5 2.3 -21.3 7.8 234.4 260.1 255.3 248.6 3.3 3.4 -3.0 7.8 187.1 240. 1 238.8 235.5 1.0 2.3 -1.9 3.2 191.8 200.2 235.6 231.4 1.7 2.5 -49.1 13.7 187.4 202.4 236.7 228.5 5.3 2.8 -37.0 2.7 224.9 252.9 244.3 235.2 6.0 3.1 -9.7 18.4 270.3 282.6 258.7 251.6 3.3 3.8 16.7 7.1 254.9 Cross investaent 302.4 Capital expenditures (1) 281.6 Fixed investnent 279.1 Plant and eguipnent -1.4 Bone construction 4.0 Bulti-fanily residential 17.9 Inventory change ♦ IPA 2.9 Biaeral rts. froa O.S. Covt. 12 13 14 15 16 17 18 19 20 21 -29.7 127.3 -44.7 98.9 -72.5 62.7 -48.4 19.7 -25.7 121.1 -53.0 30.3 -8.4 21.8 -14.9 73.8 -28.1 157.7 -12.3 123.6 20 -47.5 Bet financial investnent 129.4 Net acg. of financial assets 21 22 23 24 25 26 19.1 6.3 4.7 2.6 1.5 17.2 10.0 4.0 6.6 1.1 15.4 -.6 14.9 ♦ .5 20.2 -. 1 5.3 3.7 -2.4 38.3 4.4 11.8 3.8 3.3 15.9 . 1 9.8 -2.3 -4.0 35.5 -1.4 5.3 14.7 -1.9 46.5 3.2 14. 1 14.4 9.2 48.7 6.3 20.4 .4 3.0 7.6 7.5 -.4 -6.3 .3 50.4 .6 13.2 6.8 .4 Liguid assets Deaand dep. aad curreacy Tiae deposits Security BP’s Foreign deposits 22 23 24 25 26 27 28 29 .1 • 3.9 -3.2 -.2 -1. 1 -1.4 * 2.0 7.4 .1 6.2 5.2 .7 9.1 15.0 .7 -3.4 14.2 .7 4.0 .8 1.4 3.3 23.9 .6 -6.1 -3.7 .5 9.6 -.2 •2 29.4 O.S. Covt. securities State*local obligations Connercial paper 27 28 29 30 31 32 33 34 35 1.6 71.4 35.1 26.6 7.6 19.0 .4 49.1 32.3 21.9 4.9 17.0 2. 1 23.6 21.6 12.8 -.7 13.5 .1 -14.8 14.2 5.9 .6 5.3 3.6 56.7 22.6 10.8 1.5 9.3 -1.0 -3.0 18.3 6.3 1.6 4.7 1.4 -32.1 17.0 .5 -6.3 6.8 -.5 14.1 13.8 4.1 -1.5 5.6 3.8 81.4 23.8 9.5 -1.9 11.3 2.7 79.9 33.3 20.5 10.4 10.1 8.4 51.2 19.4 8.9 -1.1 10.0 30 Consuaer credit 31 Trade credit 32 Biscellaneoas assets Foreign dir. invest. (2) 33 34 Eguity, etc. 35 letained earnings 36 37 38 5.5 .1 2.9 4.7 • 5.7 3.7 5.2 2.7 .1 5.5 2.9 V 8.9 2.5 .3 9.2 2.7 13.9 2.7 a 6.9 2.8 a 11.5 2.9 9.9 3..0 * 7.5 36 Insurance receivables Equity in sponsored ags. 37 38 Other 39 40 41 156.9 88.2 -7.8 143.7 90.9 12.9 135.2 92.2 -11.5 68.1 84.1 11.4 146.8 85.7 28.3 83.4 89.0 -1. 1 30.2 54.6 32.6 88.8 68.6 31.2 185.7 80.7 45.3 135.9 63.7 16.8 176.9 129.9 20.0 42 43 44 96.0 10.0 17-3 78. 1 10.9 26.7 103.7 13.4 22. 1 72.7 15.1 18.8 57.4 9.4 15.0 90.0 17.2 24.8 22.0 15.5 29.1 37.5 9.8 18.6 35.4 11.5 23.6 46.9 8.3 9.1 109.9 7.8 8.8 45 46 47 48 1.4 -.6 2.4 -.4 2.0 -.8 3.0 -.2 -1.5 -1.4 1.3 -1.3 -.2 .4 .5 -1. 1 2.9 2.6 1.0 -.7 -1.4 .8 -1.2 -1.0 .7 1.4 .2 -1.0 3.7 4.2 .3 -.8 5.4 4.8 1.3 -.7 2.6 2.6 .6 -.6 • -1.1 1.6 -.5 Bortgages Bose nortgages flulti-fanily Consereial 45 46 47 48 49 50 51 52 53 45.9 9.0 1.0 10.2 1.2 29. 1 .4.0 •8 3.1 1.5 42.9 14.7 2.2 8.7 1.2 41.5 -4.7 .7 -.5 1.8 17.0 -.5 -.4 13.8 .1 44.9 -11.4 4.3 8.4 3.3 12.1 -25.0 .9 -13.6 2.4 6.6 -2.9 -7.8 9.5 -. 1 -.1 -14.4 .2 8.0 1.3 5.4 .5 5.8 13.8 1.4 56.2 15.0 .4 23.7 -2.0 Bash loans n.e.c. connercial paper Acceptances Finance cospasy loaas O.S. Governaent loaas 49 50 51 52 53 54 55 56 57 58 2.5 54.4 11.9 7.9 4.0 -1.7 40.8 13.7 7.5 6.2 -6.8 27.8 22.0 18.2 3.8 -16.2 -10.2 10.4 10.6 -.2 3.3 49.1 8.7 7.2 1.4 -11.3 -4.8 10.5 11. 1 -.6 -16.0 -19.5 11.1 11.8 -.6 -1.8 13.7 8.2 8.0 .2 22.4 73.6 8.9 7.4 1.6 1.1 61.5 9.6 7.6 2.0 -8.7 47.8 8.0 6.0 2.0 54 Profit taxes payable 55 Trade debt Fgn.direct invest, in O.S. 56 57 Eguity, etc. 58 Betained earnings 59 -1.0 13.1 41.6 57.7 46.5 56.9 52.5 63.3 45.4 23.9 53.3 Discrepancy Bet increase in liabilities Bet funds raised ia nkts. Bet new eguity issues Oebt iastruaents Tax-exenpt bonds (3) Corporate bonds (2) Beaorandea iteaa: Trade credit net of trade debt Profits tax paynents Debt subtotals: Securities and nortgages Loaas aad short-tera paper Total short-ters liab. (4) Per cent ratios: Effective tax rate Capital outlays/internal funds Cr. nkt. borrowing/cap. exp. 60 61 17.1 68.1 8.3 6 9.0 -4.2 71.0 -4.6 56.7 7.5 51.7 1.9 53.5 -12.6 48.6 .4 41.7 7.7 32.6 18.5 63.9 3.5 68.6 62 63 64 28.7 67.3 124.2 39.6 38.5 77.6 34.0 69.7 90.6 33.8 38.9 12.5 27.3 30.1 82.5 40.6 49.4 33.3 45.2 -23.2 -58.7 32.2 5.3 17.2 40.5 -5.1 91.0 20.0 26.9 89.5 16.6 93.3 132.3 65 66 67 36.1 116.2 43.8 37.6 116.7 35.3 35.7 113.4 39.6 31.4 96. 1 31.4 36.6 92.6 22.1 31.3 98.4 37.5 28.5 81.9 11.0 35.0 80.7 18.5 37.0 93.6 14.0 36.8 96.1 16.6 37.0 98. 1 36.3 68 69 70 9.0 -43.1 52.1 -3.2 -4 2.9 39.7 9.7 -23.6 33.3 -21.3 -8.4 -12.9 -3.0 -9.4 6.4 -1.9 -9.0 7.2 -49.1 -10.3 -38.8 -37.0 -1.7 -35.3 -9.7 -10.6 .9 16.7 -18.3 35.0 71 72 262.6 216.4 264.0 220.7 285.2 245.0 239.6 241.3 269.5 279.4 249.2 245.7 210.5 244.1 204. 1 243.0 73 46.2 43.3 40.2 -1.7 -9.9 3.5 -33.6 -39.0 309.5 Total cap. expend, before IVA 300.9 263.5 304.4 O.S. internal funds, book 269.6 300.5 Financing gap : Excess of capital expenditures over O.S. internal funds .4 -6.1 5.1 (1) Capital outlays on boot basis: 17.9 Inventory change, NIPA -7. 1 Less: Inv. val. adjustaent 25.0 Inventory change before IVA (2) Corporate bonds inclade 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 investnent and secured ia interest and principal by the industrial user of the funds. (4) Loans (except nortgages), short-tera paper, profit taxes payable, and trade debt. Includos loaas due in sore than one year and excludes current naturities of securities and nortgages. BILLIONS OP DOLLABS. 11/83 BASED ON INCOMPLETE INFOBBATION. 1 2 3 4 39 40 41 42 43 44 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 FBBBOABI 22, 1984 State aad Local Govts. aad foreign State and Local Govts, aad foreign Sector Stateaeata of Saving and Investaent 12 OBADJOSTBD in PLOWS(I HILL) 0IAD4USTWD 1BT PLOWS (8 BILL) III IV 1 I II IV III 1974 BILLIOBS OP DOLLABS 1975 1977 1976 1978 State aad Local Governaents - General funds (1) 103,7*0 118,838 115,202 121,623 115,069 131,295 74,612 87,638 84,700 90,623 84,429 99,029 9,551 9,387 8,851 9,034 9,225 9,725 20,277 22,166 21,277 21,613 21,089 22,541 211.4 152.8 14.6 43.9 237.7 166.3 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 1 2 3 4 5 Total expenditures, BIA basis 104,970 105,094 102,529 106,978 111,291 111,298 Purcb. of goods and services 100,557 100,731 98,199 102,707 107,017 106,861 6 4,274 4,437 4,271 4,413 4.363 4,330 Bet interest aad transfers 7 204.6 193.1 11.5 232.2 217.2 15.0 251.2 232.9 18.3 269.7 250.4 19.3 297.3 278.3 19.0 5 6 7 1 Total receipts, MIA basis Tax receipts 2 3 Social iasaraace receipts <1 Grants-in-aid received 8 Bet surplus, BIA basis 9 - Betireaeat credit to BB 10 « Gross saving -1,230 6,548 -7,778 13,744 10,324 3,420 12,673 12,012 661 14,645 11,486 3,159 3,778 6.975 -3,197 19,997 8,505 11,492 6.8 9.7 -2.9 5.5 11.3 -5.8 16.6 12.9 3.7 28.0 15.9 12.1 30.3 8 20.7 9 9.6 10 11 Bet fiaancial investaent Bet nog. of fiaancial assets 12 Deaaad dep. and currency 13 Tiae deposits 14 Secsrity IP's 15 -2.604 6,055 -1,219 2,159 900 -92 14,248 794 608 -709 -4,851 -102 -2,374 1,030 1,806 1,103 21,021 2,065 -3,623 -14 2,244 9,460 -2,187 -1,382 707 7,480 12,461 3,052 576 1,149 -7.8 9.5 -.5 5.7 3.6 -12.7 2.4 .8 -2-0 1.0 -4.6 11. 1 -.9 2.1 - 6.9 23.0 .8 7.0 1.0 2.2 23.1 -1.0 8.1 2.0 11 12 13 14 15 2,418 812 -205 1,017 262 1,344 12,112 10,442 9,395 1,047 244 1,426 2.042 4 -1,275 1,279 568 1,470 25,377 24,171 23,036 1,135 -237 1,437 9,821 8,365 7,527 838 6 1,450 5.415 3,990 3,136 854 -75 1,500 .1 -2.9 -5.5 2.5 .5 2.5 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 16 17 18 19 20 21 1,797 1,443 -2,606 -2,778 2,501 2,269 -7 .6 2.2 1.8 8,659 8,443 8,396 2,020 6,376 47 14,340 14,118 14,018 803 13,215 100 4,749 4,523 4,281 -5,149 9,430 242 19,918 19,692 19,375 844 18,531 317 7,216 6,985 6,735 -959 7,694 250 4,981 4.749 4,549 -3,159 7,708 200 17.3 15.5 14.8 2.7 12.1 .7 15.0 13.7 13.5 -.3 13.8 .2 15.7 15.2 13.2 -4.1 17.2 2.0 16.1 15.4 15.2 -2.9 18.1 .2 226 222 216 Trade debt 29 -5,174 5,512 3,512 30 Oiscrepaacy (1) Baployee retireaeat funds are la iasaraace sector. 226 2,056 231 -5,441 232 4,012 1.8 4.9 1.3 6.8 .5 8.3 .7 5.3 16 17 18 19 20 21 22 23 24 25 26 27 28 Credit aarket instruaents O.S. Govt, securities Treasury issues Agency issues State+local obligations Bortgages Taxes receivable Bet increase ia liabilities Credit aarket borrowing State+local obligations Short-* tern Other O^S. Governaeat loans .8 22 20.9 19.1 20.7 .6 20. 1 -1.6 23 24 25 26 27 28 1-7 29 7.4 30 Poreiga Sector 1 Bet U.S. expgrt receipts 2 0-S. a*port receipts 3 - 0-S. inpart payaeats -2,366 83,591 85,957 -336 78,531 78,867 1,132 78,282 77,150 -7,014 85,129 92,143 6.7 138.4 131.7 19.9 146.9 127.0 7.7 163.2 155.4 -8.8 176.3 185.1 -10.3 206.9 217.3 1 2 3 4 - Transfers to foreign 5 - O.S. Govt, interest paid 6 « O.S-current a/c net receipts ♦ Bet corporate earnings 7 retained abroad 8 « Pga. current acct. balance (O.S. balance, sign reversed) 1,700 4,716 -8,782 2,204 4,692 -7,232 1,775 1,773 2,425 1,513 4,499 4,430 4,409 4,360 -4,790 -10,961 -13,503 - 13,938 4.2 4.3 -1.8 4.0 4.5 11.4 4.1 4.5 -.9 4.1 5.5 -18.5 4.5 8.7 -23.6 4 5 6 1,021 7,761 2,850 4,382 2,469 2,321 3,361 7,600 2,028 11,475 3,037 10,901 6.7 -4.9 6.9 -18.3 6.0 -5.1 4.8 13.6 9.2 14.3 7 8 9 Bet fissgcial iavestaeat -8,632 10 Met acg. of financial assets -7,179 11 Gold and S0B*s (1) -434 -1,855 12 O.S. deaaad deposits 471 13 O.S. tiae deposits 1* Bet interbank claias -13,270 -9,468 4,651 -297 599 1,438 -7,244 -5,473 1,329 -88 480 -61 -8,546 10,558 17,250 -296 808 381 6,182 12,843 16,673 -206 -802 -2,117 8,276 12,375 25,776 577 1,119 1,893 9,646 -2.5 26.6 -.2 2.8 7.7 • -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 9 10 11 12 13 14 439 6,627 4,429 1,448 750 1,598 3,874 2,990 1,230 -346 2,693 5,143 6,704 734 -2,295 1,267 6,508 3,881 2,044 583 968 3,191 211 1,229 1,751 482 10,377 5,919 2,144 2,314 .5 11-2 3.7 .9 6.6 4.7 6.1 8. 1 .6 -2.6 2.8 15.2 11.6 .9 2.7 2.7 39.6 31.5 3.8 4.4 2.4 38.0 28.2 1.9 7.9 15 16 17 18 19 -1,012 635 -2,257 56 2,492 874 e 1.8 .1 1.6 3.4 1.7 -4,826 79,871 84,697 -7,300 81,231 88,531 15 16 17 18 19 8.S. corporate eguities Credit aarket iaatruaeata O.*S. Govt, securities 0.3. corporate bonds (2) Opda-aerket paper 20 21 Security credit Trade credit 22 23 24 25 26 Biscellaaeous assets Dir. iavestaeat is O.S. Tguity, etc. Betained earniags ot er 1,855 2,635 2,784 -149 -780 4,048 2,780 2,941 -161 1,268 3,965 2,054 2,007 47 1,911 2,344 2,230 1,841 389 114 4,871 2,408 1,900 508 2,463 808 2,000 1,500 500 -1,192 2.7 4.8 3.7 1.1 -2.0 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 27 Bet increase ia liabilities O.S. off. fgn. exchange + net IBP position O.S. private deposits 1,453 14,119 6,802 6,692 3,830 13,401 29.2 29.5 40.4 24.3 56.0 27 363 -1,381 1,653 461 522 -2,266 -536 1,223 -854 333 1,348 2,133 1.3 -.2 .8 .8 2.5 1.7 .1 1.3 .5 28 2.4 29 105 4,713 3,193 1,320 6,345 2,207 1,002 2,221 806 1,837 5,512 1,385 807 3,568 736 207 7,881 347 -.2 15.0 2.1 .2 11.3 6.2 .3 19.3 8.6 .4 13.5 5.1 -.5 30 33.8 31 4.2 32 28 29 30 31 32 Poreiga corporate eguities Credit narket iastrsaents Corp, aad foreign bonds - 20 3.0 21 7.6 7.9 5.3 2.6 -.3 22 23 24 25 26 33 34 35 36 Bask To To Io loans n.e.c. fgreigs official foreign banks other foreign -1,082 414 -190 -1,286 -764 -519 1,626 -1,871 4,400 1,255 781 2,364 1,433 851 54 528 -559 -266 -530 237 656 516 148 -8 4.0 .3 3.1 .6 2.0 .3 1.1 .7 5.6 .9 4.2 .5 3.1 .1 2.7 .3 37 38 Open-aarket paper O.S. Governaent loans 130 2,452 4,346 556 -4,195 1,210 1,911 783 2,268 1,123 5,982 896 7.3 1.6 .3 2.8 1.9 3.3 2.4 3.0 6.6 37 3.9 38 -351 -1,056 -56 -511 209 -126 * 3.1 •1 .7 .3 .5 - 39 -.3 40 -1,996 50 -11 1,082 -98 1,180 -3,117 5,396 374 -94 51 -1,646 1,697 5,065 5,379 52 -93 1,221 -179 1,400 4,199 -833 359 17 2,662 -175 2,837 -3,871 -233 65 -13 4,677 2,151 2,526 -4,962 1,958 211 2,200 -300 2,500 -453 10.2 .6 -.6 8.9 1.2 7.8 1.3 15.6 .7 « 14.0 6.0 8.0 .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 16,393 13,850 7,794 -2,958 -1,368 -1,474 -2.4 5.7 9.6 -2.9 11.5 48 39 40 Security debt Trade debt 41 42 43 44 45 46 47 Miscellaneous liabilities O.S.eguity io 1BB0, etc. 0-S. Govt, deposits 0.8. dir. inv. abroad(2) lguity, etc. Betained earnings Other 48 Discrepancy (1) O.S. net sales, sign reversed. (2) Corporate beads include set ins oss by Metherlasda Antilles subsidiaries • and O.S foreign direct investaent is before subtracting reflows of capital froa Betherlaads Antilles subsidiaries* foreign financing. IV/83 8AS1D OB PBILIBIBAII ABO 1BCOBPLBTP IBPOBBATIOB 19.1 2.1 9-5 7.4 33 34 35 36 41 42 43 44 45 46 47 FEBBOART 22, 1984 State and Local Govta. and Foreign State aad Local Govts, and Foreign 13 Sector statenents of Saving and Investnent SEASOIALLT ADJOSTBD AIIOAL BATES 1979 1980 1981 1982 SEASOIALLT ADJOSTBD AIIOAL BATES 1983 I 1982 1 HI IV | 11 1983 I II III IT State and Local Governaents - General Fnnds (1) 1 2 3 4 352.0 244.0 27.4 80.5 386.1 267.7 29.7 88.7 418. 1 297.6 32.6 87.9 439. 1 320. 1 35.1 8X9 483.2 358.8 37.9 86.5 442.8 324.4 35.4 8X0 450.7 329.6 36.1 85.0 461.7 339.1 36.9 85.8 478.7 354.5 37.5 86.7 492.7 367.2 38.2 87.2 499.7 Total receipts, IIA basis 374.4 Tax receipts 38.9 Social insorance receipts 86.4 Grants-in-aid received 1 2 3 4 5 6 7 321.5 306.0 15.5 355.5 340.8 14.8 382.7 366.5 16.3 407.8 390.5 17.3 432.1 414.8 17.3 411.4 394.0 17.5 417.8 400.5 17.3 421.3 404.0 17.4 427.0 409.7 17.3 437.1 420.2 17.0 442.9 Total expenditures, IIA basis 425.3 lurch, of goods aad services 17.6 let interest and transfers 5 6 7 8 9 10 30.4 16.2 14.2 3X6 26.5 4.1 35.3 31.0 4.4 31.3 35.2 -4.0 51. 1 39.0 12.1 31.3 26.2 5. 1 32.9 41.3 -8.4 40.4 48.0 -7.7 51.7 45.9 5.8 55.5 27.9 27.6 56.8 let snrplus, IIA basis 34.0 - Betireaeat credit to BI 22.8 » Gross saviag 8 9 10 11 12 13 14 15 2.3 24.5 -1.5 -1.0 4.0 -4.8 17.5 -.8 -1.7 • 1.3 12.1 -1.6 2.4 2-5 -9.1 28. 1 -2.2 6.0 .1 6.0 42.8 .6 —X4 3.6 .1 31.4 -.4 8.5 X6 -14.4 42.7 -3.7 .2 -2.8 -13-6 17.4 -.7 -5.0 7.2 -.3 71.0 1.6 -3.2 -.1 21.7 48.3 -4.1 -5.2 2.8 16.1 let financial investaent let acg. of financial assets 34.6 5.5 Deaand dep. aad currency -.2 Tine deposits 4.6 Security BP*s 11 12 13 14 15 16 17 18 19 20 21 21.5 15.6 8.7 6.8 -.5 6.3 19.1 9.0 6.5 2.5 .2 9.9 7.9 .1 -1.3 1.4 .2 7.6 26.8 20.9 17.2 3.7 1.0 4.9 42.6 36.5 32.4 4. 1 .3 5.9 21.3 14.8 10.8 4. 1 1.0 5.4 51.8 45.1 40.9 4.2 1.0 5.7 17.3 9.1 4.0 5.1 2.3 5.9 74.7 69.9 65.3 4.5 -.9 5.7 54.2 48.4 45.1 3.4 • 5.8 24.4 18.7 15.3 3.4 -.3 6.0 credit narket instruaents O.S. Govt, securities Treasury issues Agency issues state*local obligations aortgages 16 17 18 19 20 21 Taxes receivable 22 22 1.5 1.1 .9 -2.7 -.6 -1.6 -2.7 -1.4 -2.0 .6 •3 23 24 25 26 27 28 22.2 20.5 20.3 1.0 19.4 .2 22.3 20.3 19.4 1.7 17.7 .9 10.8 9.7 8.4 .9 7.5 1.2 37.2 36.3 35.4 5.6 29.8 .9 36.9 35.9 34.9 -8.4 43.4 1.0 31.3 30.4 30.2 4.4 25.8 .2 57.1 56.2 55.8 7.2 48.6 .4 31.1 30.2 29.2 -16. 1 45.3 1.0 71.3 70.4 69.1 -1.7 7X9 1.3 26.6 25.7 24.7 -7.6 32.3 1.0 18.5 17.6 16.8 -8.2 25.0 .8 29 30 1.6 11.9 2.0 8.8 1.1 3.0 .9 5. 1 .9 6.1 •9 5.0 .9 6.1 .9 6.0 let increase in liabilities Credit narket borrowing Statevlocal obligations Short-tera Other O.S. Governaent loans 23 24 25 26 27 28 Trade debt .9 -9 -9 6.7 Discrepancy 6.1 5.9 (1) laployee retirenent fnnds are in insurance sector. 29 30 Foreign Sector 1 2 3 -2.3 261.9 264.2 1X2 320.9 308.7 17.0 355.7 33X7 9.8 340.2 330.4 -18.0 324.5 342.5 -6.5 33X 1 34X6 -4.9 311.8 316.7 7.6 317.4 309.8 -19.8 314.3 334.0 -3X2 327.1 357.3 -29.7 let O.S. export receipts 339.3 O.S. export receipts 369.0 - O.S. iaport payaents 1 2 3 4 5 6 5.1 11.1 -1X4 6.3 12.5 -6.6 6.6 16.8 -6.4 7.5 18.2 -15.8 7.5 17.7 -43.2 6.9 1X9 -32.2 X7 18.8 -32.3 6.1 17.6 -16.1 7.1 17.4 -44.3 7.2 17.7 -55.1 4 5 6 7 8 15.5 2-9 11.7 -5.1 9.3 -2-9 7.6 8.3 10.9 32.3 7.4 24.8 10.5 21.9 9.4 6.7 11.3 33.0 12.0 43.2 9.6 - Transfers to foreign 18.0 - O.S. Govt, interest paid -57.3 * O.S.current a/c net receipts ♦ let corporate earnings 11.0 retained abroad 46.3 " Fgn. current acct. balance (O.S. balance, sign reversed) 9 10 11 12 13 14 -24.5 31.7 -.1 4.2 1.2 22.3 -30.0 26.6 1. 1 ♦ 1.2 -23.2 -28.8 32.7 -.7 -3.8 2.3 -7.0 -30.2 1.5 -1.4 -3.7 5.9 -30. 1 30.3 61.0 * 1.6 .1 15.6 -44.4 -3X5 -1.7 -4.6 4.2 -60.2 -39.7 25.3 -1.2 -.4 4.5 4.4 -15.9 8.0 -.4 9.9 1.0 -48.8 44.3 58.7 -1.2 -5.9 -1.3 7.1 47.4 68.2 -.8 -.5 -5.8 30.7 45.4 let financial investaent 109.2 let acg. of financial assets 2.3 Gold aad SDB*s (1) 2.9 O.S. deaand deposits 6.5 O.S. tine deposits 73.2 let interbank claias 9 10 11 12 13 14 15 16 17 18 19 1.7 -4.6 -14.1 2.6 6.9 5.1 23.2 10.6 8.2 4.4 5.8 16.0 7.0 8.1 .8 4.0 17.6 8.Q 10. 1 -.5 5.4 25.2 16.7 X2 2.4 4. 1 1X2 8.2 5.8 -.8 6.5 -5.0 -7.6 4.9 -2.3 10.3 32.6 34.5 2.9 -4.8 2.8 47.6 36.3 8.2 3.1 6.5 1.7 -5.9 4.9 2.6 2.0 19.0 1.9 8.6 8.5 O.S. corporate eguities Credit aarket instruaents O.S. Govt, securities O.S. corporate bonds (2) Open-aarket paper 15 16 17 18 19 20 21 .2 3.6 -3 -.8 1.2 -4.0 2.5 -9.0 .2 10.0 3.5 Security credit Trade credit 20 21 22 23 24 25 26 6.8 11.9 7.9 4.0 -5.1 15.2 13.7 7.5 6.2 1.5 19.9 22.0 18.2 3.8 -2.1 10.2 10.4 10.6 -.2 -.2 12.0 8.7 7.2 1-4 3.3 1X5 10.5 11. 1 -.6 2.9 13.9 11.1 11.8 -.6 2.8 12.3 8.2 8.0 .2 4-0 9.3 8.9 7.4 1.6 .4 26.4 9.6 7.6 2.0 16.8 -.1 8.0 6.0 2.0 -8.1 aiscellaneous assets Dir. investaent in O.S. Eguity, etc. letaiaed earnings Other 22 23 24 25 26 let increase in liabilities O.S. off. fgn. exchange » net IBF position O.S. private deposits 27 7 8 27 56.2 56.5 61.5 31.7 30.7 8.8 65.0 23.9 14.4 20.8 63.9 28 29 • 6.1 8.1 2.8 3.3 12.6 3.6 2.5 .5 1.4 1.5 -X 5 6.6 1.8 2.1 -9.1 -2.1 4.9 -3.4 1.3 5.4 8.5 30 31 32 •8 20.2 3.9 2.1 27.2 .8 V 27.2 5.4 1.3 15.7 6.6 3.9 19.2 3.3 .4 11.9 12.8 5.3 25.3 8.8 4.0 15.7 3.2 7.3 21.3 5.5 3.2 7.9 2.9 .8 31.8 1.4 33 34 35 36 2.3 2.1 -4.1 4.2 11.5 4.5 4.7 2.3 3.7 .8 -4.5 7.3 -6.2 • .7 -6.8 5.9 2.4 .5 3.1 -11.2 1.7 -5.3 -7.6 -3.1 -2.1 8.3 -9.4 24.4 5.0 8.2 11.2 5.0 3.4 -3.6 5.2 -8.6 -1.1 -6.2 -1.3 2.9 2.1 3.4 -2.5 Bank To To To loans n.e.c. foreign official foreign banks other foreign 33 34 35 36 37 38 11.2 2.9 10.1 4.7 13.9 4.2 10.7 4.5 6.0 4.0 .5 9.8 17.4 2.2 -16.8 4.8 7.6 3.1 9.1 4.5 23.9 3.6 Open-narket paper O.S. Governnent loans 37 38 39 40 1.5 1.7 .2 -3.1 -.5 -1.4 -4.2 -.2 -2.0 .8 -.5 41 42 43 44 45 46 47 27.6 .8 V 26.6 7.6 19.0 .2 14.6 .7 -.3 21.9 4.9 17.0 -7.8 18.2 1.1 -.2 12.8 -.7 13.5 4.6 11.7 1.3 -.1 5.9 .6 5.3 4.5 X3 .7 -.1 10.8 1.5 9.3 -5.1 2.0 .2 • 6.3 1.6 4.7 -4.4 30.1 1.5 -.4 .5 -6.3 6.8 28.5 11.4 .2 -.4 4.1 -1.5 5.6 7.4 -14.9 1.4 .1 9.5 -1.9 1X3 -25.9 10.9 .3 -.1 20.5 10.4 10.1 -9.8 17.8 .8 — 8.9 -1.1 10.0 8.0 48 27.5 24.8 25.9 3X5 2.0 69.2 61.6 22.7 -11.4 -4.3 http://fraser.stlouisfed.org/ BILLIOBS OF DOLLABS. Federal Reserve Bank of St. Louis Foreign corporate eguities 30 Credit aarket instrunents 31 Corp, and foreign bonds 32 Security debt Trade debt 39 40 aiscellaneous liabilities O.S.egaity in IBID, etc. O.S. Govt, deposits O.S. dir. iav. abroad(2) Eguity, etc. letaiaed earnings Other 41 42 43 44 45 46 47 • 9 Discrepancy (1) O.S. net sales, sign reversed. (2) Corporate bonds inclnde net issues by letherlaads Antilles subsidiaries, and O.S. foreign direct investnent is before subtracting reflows of capital froe letherlaads Antilles subsidiaries* foreign financing. IT/83 BASBD 01 XBCOBFLBTB IIFOBRATIOI. 28 29 48 FEBBUABI 22, 19 84 O.S. Govern ent and credit Agencies O.S. Governnent and Credit Agencies Sector Statenents of Saving and Investnent 14 OMADJOSTBD HET FLCVSfS HILL) 01ADJOSTID MIT FLOWS(J HILL) 1982 III IV 1983 | | I II HI IV 1974 BILLIOIS OF DOLLABS 1975 1976 1977 1978 O.S. Governaent 1 Total receipts, IIA basis Personal taxes 2 Corp, profits tax accruals 3 Indirect taxes 4 Social insurance receipts 5 155,255 141,568 149,043 181,276 161,563 151,976 79,291 70,476 63,969 88,192 75,232 68,559 12,296 10,568 11,530 15,332 16,935 15,743 11,897 11,974 12,270 14,215 13,599 13,912 51,771 48,550 61,274 63,537 55,797 53,762 287.8 131.3 45.1 21.7 89.8 287.3 125.8 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 1 2 3 4 5 6 Total expenditures, BIA basis Goods and services 7 Transfers, etc. 8 Net interest 9 192,997 204,266 203,256 204,693 208,207 210,222 66,668 69,515 68,897 66,997 71,386 67,938 104,581 112,643 112,082 114,231 112,101 116,256 21,748 22,108 22,277 23,465 24,720 26,028 299.3 111.0 167.7 20.7 356.6 122.7 210.8 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 6 7 8 9 -37,742 -62,698 -54,213 -23,417 -46,644 -58,246 11,990 697 -2,942 2,331 12,582 2,150 -49,732 -63,395 -51,271 -25,748 -59,226 -60,396 803 4,598 1,787 3,423 683 717 -48,929 -59,972 -50,588 -21,150 -57,439 -59,679 -11.5 2.9 -14.4 6.5 -7.9 -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 10 11 12 13 14 -45,937 -60,961 -49,159 -31,258 -52,302 -63,428 15 Met financial investnent 4,990 18,374 10,003 -25,762 Met acg. of financial assets 24,540 -2,542 16 1,404 453 1,301 431 -42 821 Gold, SDI's * fgn. exch. 17 8,583 -30,869 Deaand deposits * currency 17,483 -9,709 -3,844 12,509 18 141 -177 28 -201 35 -7 Tine depgsits 19 -7.2 7.0 1.4 -4.6 • -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 15 16 17 18 19 17.1 4.2 12.8 20 21 22 23 10 11 12 13 14 Met surplus, MIA basis - Insurance credits to hh » Gross saving * Hineral rights sales (1) « Ion financial surplus 20 21 22 23 Credit aarket instrunents Fed. agency securities Hortgages Other loans 5,424 -54 5,478 2,999 — 812 2,187 1,120 — -1,029 2,149 4,209 — 1,389 2,820 2,603 — 362 2,241 1,823 825 998 9.4 • 3.8 5.7 13.4 6.5 6.9 7.9 — .4 7.5 10.0 4.2 S.8 24 25 26 Taxes receivable Trade credit Hiscellaneous 1,227 -114 39 -130 2,576 280 2,838 3,690 -41 -2,564 3,614 376 3,460 -4,688 52 743 1,516 211 -.2 1.0 e -2.3 1.2 -7 5.6 .5 1.0 -1.4 -.8 .7 2.8 24 2.7 25 .8 26 70,477 471 58,419 495 54,149 112 49,632 133 62,305 137 37,666 86 14.3 .4 90.9 -9 80.0 1.2 64.4 .3 63.5 27 .5 28 53.7 3.9 51.2 -1.4 27 28 Net increase in liabilities Treasury curr. ♦ SDB ctfs. 29 30 31 32 Crediit aarket instruaents Savings bonds other Treasury issues Agency issues and atgs. 57,643 147 57,568 -72 61,965 757 61,331 -123 55,641 475 55,145 21 46,876 876 46,075 -75 47,860 868 47,030 -38 36,180 920 35,289 -29 11.8 3.0 9.0 -.2 85.4 4.0 81.8 -.4 69.0 4.7 64.5 -. 1 56.8 4.7 52.9 -.9 33 34 35 Life ♦ retireaent reserves Trade debt Hiscellaneous 11,990 216 157 697 428 -5,166 -2,942 -415 1,753 2,331 987 -695 12,582 1,209 517 2,150 1,312 -2,062 2.9 -.8 • 3.8 1.4 -.7 4.7 4.1 .9 6.6 1.6 -.9 29 30 31 32 7.2 33 2.3 34 -.3 35 36 Discrepancy -2,992 989 -1,429 10,108 -5,137 3,749 -.7 2.7 4.8 5.8 3.9 36 37 Heao: Corp, tax receipts, net 11,069 10,698 8,692 17,896 13,475 15,000 45.3 45.9 49.0 63.0 68.5 37 (1) Sales of Onter Continental Shelf leases. Federally Sponsored Credit Agencies aad Hortgage Pools Spons red credit agencies 1 Current urplus 489 571 417 515 372 406 .6 .6 .6 .7 1.0 1 2 Net acg. of financial assets 3 Denand deposits and currency 4 Ped. funds ♦ security BP's 8,874 -64 4,722 341 133 -806 -2,793 -61 713 861 -143 -1,345 1,344 267 -619 2,819 142 -644 18.2 • -1.0 5.2 • -.3 4.4 • .3 7.7 .1 .2 28.6 • 1.4 2 3 4 5 6 7 8 Credit aarket instruaents D.S. Governnent securities Open-aarket paper Student loans (SIHA) 3,626 996 -240 601 476 150 158 394 -4,031 -333 254 -22 1,934 96 -354 555 1,922 654 216 654 2,606 -1,376 278 266 20.8 .4 .9 - 4.5 1.5 .1 4.7 1.5 • - 6.4 -3.8 .2 .1 26.7 .6 -1.2 .4 5 6 7 8 9 10 11 Housing credit Besidential nortgages FHLB loans to s+1 assns. 2,052 3,808 -1,756 985 2,626 -1,641 -4,072 1,913 -5,985 1,136 2,359 -1,223 173 1,104 -931 4,529 3,438 1,091 14.3 7.7 6.7 -1.2 2.8 -4.0 -1.6 .4 -2.0 4.9 .5 4.3 217 638 -811 390 590 -1,211 328 471 -2,010 538 142 203 929 -990 586 501 343 -712 870 415 225 233 12 -20 -226 -1,091 86 623 -1,800 715 5.2 2.5 1.0 1.7 -1.6 4. 1 2.6 .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 .5 12 13 14 15 16 8,505 6,093 6,093 2,412 395 -1,729 -1,729 2,124 -3,122 -3,180 -3,180 58 568 476 476 92 977 911 911 66 2,908 3,431 3,431 -523 17.7 17.3 16.6 .7 .4 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 17 18 19 20 21 120 625 88 222 5 495 .1 -3 .3 .4 23 let acg. of sortgages 24 Hone nortgages 25 Hulti-fanily nortgages 26 Ears nortgages 13,280 13,206 100 -26 18,288 18,221 69 -2 18,698 17,962 499 237 16,044 16,186 110 -252 18,377 18,058 338 -19 13,348 12,745 404 199 3.4 3.3 .2 • 7. 1 7.3 .4 -.6 12.2 11.9 .5 -.2 16.1 15.7 .9 -.5 13.6 12.4 1.5 -.3 27 Bet incr. in pool securities 13,280 18,288 18,698 16,044 18,377 13,348 3.4 7. 1 12.2 16. 1 13.6 27 Heao: Totals for agencies and pools Housing credit 15,358 Loans to agriculture 191 19,275 -1,213 14,389 379 17,432 249 18,569 206 17,678 -892 17.8 5.1 6.5 3.5 10.8 4.6 21.5 4.5 35.4 28 5.1 29 16,559 15,518 16,520 19,288 16,779 20.0 9.4 14.6 23.1 36.7 30 12 13 14 15 16 Loans to agriculture Fara nortgages Loans to coops (BC) Loans to farners (FICB) Hiscellaneous assets 17 Bet increase in liabilities Credit narket instrunents 18 19 Sponsored agency issues 20 O.S. Governaent loans 21 Hiscellaneous liabilities 22 Discrepancy Federally 28 29 21.5 9 9.0 10 12.5 11 .5 22 elated sortgage pcols (1) 30 Met security issues 19,373 (1) GIHA, FMHA, FHLHC, and Earners Hone Adainistration pools. Excludes Federal Financing Bank holdings of pool securities, which are in O.S. Governaent nortgages and other loans directly. 11/83 BASBD 01 PBHIHIIABI AID IHCOHPLETE IIFOBHATIOW 23 24 25 26 FBBBOABT 22< 1984 O.S. Governaent and Credit Agencies O.S. Governnent and Credit Agencies Sector Stateaents of Saving and Investnent 15 SBASOIALLI ADJOSTBD AI1OAL BATES 1979 1980 1981 1982 SBASOIALLI ADJOSTBD illOIL IATBS 1983 1 1982 1 111 17 I 1 1983 I II III IV O.S. Governaent 1 2 3 4 5 493.6 230.6 74.2 29.4 159.5 540.9 257.7 70.3 39.0 173.9 627.0 298.6 67.5 56.4 204.5 617.4 304.7 46.5 48.3 217.9 643.9 296.0 59.5 54.0 234.4 615.2 300.6 47.8 47.9 218.9 612.6 303.0 42.1 48.3 219.3 623.3 297.7 48.6 48.6 228.5 652.6 304.2 59.8 56.0 232.6 645.2 286.9 66.6 55.5 236.2 654.3 Total receipts. Hi basis 295.0 Personal taxes Corp, profits tax accraals 63.2 Indirect taxes 55.9 Social inenrance receipts 240.2 1 2 3 4 5 6 7 8 9 509.7 168.3 299.0 42.4 602.1 197.0 351.7 53.4 689.2 229.2 386.8 73.2 764.4 258.7 420.8 84.9 826.4 275.2 454.7 96.5 773.5 261.7 423. 1 88.6 820.9 279.2 452.5 89.1 806.6 273.5 444.7 88.4 818.7 273.7 453.1 91.8 832.5 278.1 453.4 101.0 847.7 Total expenditures, III basis 275.6 Goods and services 467.4 Transfers, etc. let interest 104.7 6 7 8 9 10 11 12 13 14 -16.1 8.2 -24.3 4.7 -19.5 -61.2 8.8 -70.0 5.0 -65.0 -62.2 10.0 -72.3 4.8 -67.4 -147.1 11.9 -159.0 7.8 -151.2 -182.5 14.1 -196.6 7.8 -188.9 -158.3 16.6 -175.0 3.2 -171.8 -208.2 11.0 -219.3 13.7 -205.6 -183.3 8.3 -191.7 2.7 -188.9 -166.1 14.2 -180.2 18.4 -161.9 -187.3 16.4 -203.7 7.1 -196.5 -*193.4 17.6 -211.0 2.9 ->208. 1 15 16 17 18 19 -25.5 21.4 -.6 .2 .1 -64.6 24.1 4.4 -3.2 -.2 -77.7 23.1 4.0 • -.1 -15S.4 21.3 4.4 6.5 .5 -196.1 7.6 2.6 -13.6 —.4 -174.3 52.1 1.8 37.5 .1 -208.7 10.1 5.2 -10.7 .6 -195.4 10.3 5.6 -13.9 -.7 -172.6 113.6 1.7 58.7 -.8 -203.8 -12.2 -.2 -4.7 .1 ->212.9 let financial investaent -81.3 let acg. of financial assets Gold, SDB's * fgn. excM. 3.3 Deaand deposits ♦ currency -94.5 • Tiae deposits 20 21 22 23 19.0 6.6 12.4 23.7 7.5 16.2 24.1 4.9 19.1 16.7 2.4 14.3 9.8 1.5 8.2 22.5 -.5 23.0 15.7 3.7 12.0 3.0 -4.3 7.3 13.3 5.4 7.9 11.6 1.3 10.2 11.1 3.7 7.4 Credit narket instrnaents fed. agency securities Aortgages Other loaas 20 21 22 23 24 25 26 -.5 2.4 .8 -4.8 3.8 .5 -8.2 2.5 .8 -12.8 4.8 1.2 4.5 4.1 .6 -9.5 -.5 .2 -12.1 10.3 1.1 1.7 14.8 -.2 24.7 14.5 1.5 -.4 -18.8 •2 -8.1 6.1 .8 Taxes receivable Trade credit Hiscellaneous 24 25 26 27 28 46.9 1.6 88.8 1.3 100.7 1.2 176.7 1.7 203.8 -5 226.4 1.9 218.8 2.0 205.6 .4 286.2 .5 191.6 .5 131.5 .3 29 30 31 32 37.4 -.8 39.6 -1.4 79.2 -7.3 87.1 -.6 87.4 -4.3 92.2 -.5 161.3 .2 162.0 -.9 186.6 3.1 183.5 -.1 206.5 e 206.8 -.3 224.4 .7 224.2 -.5 192.4 4.7 187.6 .1 269.7 3.9 266.1 -.3 168.0 2.9 165.2 -.2 116.1 1.1 115.2 -. 1 33 34 35 8.2 1.1 -1.3 8.8 1.4 -1.9 10.0 1.0 1.0 11.9 1.7 .2 14.1 3.1 -.5 16.6 .7 .6 11.0 2.0 -20.7 8.3 -2.6 7.0 14.2 4.5 -2.8 16.4 4.7 2.1 17.6 5.7 -8.2 36 6.0 -.4 10.3 4.2 7.3 2.5 3.2 6.4 10.7 7.3 37 74.7 75.1 75.7 59.2 55.1 57.4 54.2 46.9 35.1 67.0 let snrplas. III basis - Insaraace credits to MM • Gross saving ♦ Bineral rights sales (1) » Bonfinancial surplus 10 11 12 13 14 15 16 17 18 19 let Increase ia liabilities 27 Treasury curr. ♦ SOB ctfs. 28 credit narket instrnaents Savings bonds Other Treasury issues Agency issues aad atgs. 29 30 31 32 Life ♦ retireaeat reserves 33 34 Trade debt 35 Biscellaneous 4.7 Discrepancy 71.3 Heno: Corp, tax receipts, net 36 37 (1) Sales of oater Continental Shelf leases. federally Sponsored Credit Agencies and Hortgage Pools Sponsored credit agencies 1 1 1.2 1.4 1.5 1.9 1.7 2.0 2.3 1.7 2.1 1.5 2 3 4 31.1 .2 .6 29.5 ♦ 1.8 37.6 .2 3.5 22.4 -.2 5.4 2.2 .2 -1.9 21.0 -.1 18.9 8.3 -.2 -3.2 4.4 .3 2.9 -2.8 -.5 -5.4 -13.1 1.2 -2.5 20.4 let acg. of financial assets Deaaad deposits and currency -.2 fed. funds ♦ security BP’s -2.6 2 3 a 5 6 7 8 30.0 .2 .1 .6 26.4 .7 * 1. 1 33.2 .4 .3 2.2 15.8 1.4 -.3 1.6 2.4 -1.0 .4 1.5 .5 -2.8 -1.0 2.4 11.4 4.5 .6 1.6 -2.2 2.3 1.0 -.1 -.5 1.2 -1.4 2.2 -10.1 -6.7 .9 2.6 22.5 -.7 1.1 1.1 Credit aarket instrnaeats O.S. Governaent securities Open-aarket paper Student loans (SLBA) 5 6 9 10 11 18.5 9.4 9.2 14.9 7.8 7.1 21.2 4.9 16.2 11.0 10.2 .8 1.8 8.8 -7.0 1. 1 12.7 -11.6 4.2 10.2 -6.0 -4.5 9.9 -14.4 -.5 10.9 -11.4 -7.3 1.2 -8.4 19.3 13.3 6.0 12 13 14 15 16 10.5 5.0 2.1 3.3 .4 9.6 6.3 1.5 1.9 1.3 9.1 7.6 -.3 1.8 .8 2.0 3.6 -.8 -.8 1.4 -.2 .9 .9 -1.9 1.5 .7 3.1 -2.4 • 1.7 .6 2.4 -.3 -1.5 .2 -.9 .2 2.1 -3.2 3.4 -2.0 .3 .4 -2.7 3.6 .4 1.5 .8 -1.9 -1.7 1.6 1.5 .1 .1 .7 17 18 19 20 21 30.6 24.8 24.3 .6 5.7 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 1.3 1.6 1.6 -.3 19.7 12.6 12.6 7.1 7.5 * • — 7.5 3.0 1.0 1.0 2.0 -3.0 -5.9 -5.9 2.9 -14.4 -11.2 -11.2 — -3.2 22 .6 1.1 1.0 .8 .8 .7 1.5 .2 1.9 .2 23 24 25 26 23.1 21.8 1.2 .1 19.2 18.7 .7 -.2 15.0 14.1 1. 1 -. 1 49.5 49.3 .4 -.2 66.5 65.0 1.4 .2 53.4 53.1 -4 -. 1 70.8 70.6 .3 V 74.6 71.7 2.0 .9 66.2 66.7 .4 -1.0 74.3 73.0 1.4 -.1 50.8 let acg. of nortgages 48.4 Hone aortgages 1.6 Bulti-faaily aortgages .8 fara aortgages 23 24 25 26 27 23.1 19.2 15.0 49.5 66.5 53.4 70.8 74.6 66.2 74.3 50.8 Bet incr. in pool securities 27 28 29 41.5 10.6 34.3 9.4 36.3 9.0 60.7 1.8 68.1 -.1 54.6 .6 75.0 .6 69.2 « 66.7 -3.0 67.1 .3 Beao: Totals for agencies and pools 69.3 Bousing credit 2.4 Loaas to agriculture 28 29 30 47.3 43.6 45.5 64.5 68.1 66.0 70.9 75.6 60.3 63.1 1.6 Current surplus 7 8 9 Housing credit 10 Besideatial nortgages PBLB loans to svl assns. 11 Loans to agriculture fara aortgages Loans to coops (BC) Loans to farners (fICB) Hiscellaneous assets 19.7 let increase in liabilities Credit narket instrunents 22.7 Sponsored agency issues 22.7 O.S. Governaent loans Hiscellaneous liabilities -2.9 1.0 Discrepancy 12 13 14 15 16 17 18 19 20 21 22 federally related nortgage pools (1) 73.4 let security issues (1) GiaA, FlBA, PBLBC, and faraers Bone Adainistration pools. Excludes federal financing Bant Moldings of pool securities, which are in O.S. Governnent nortgages and other loans directly. BILLIOIS OP OOLLAIS. 1V/83 BASED 01 IICOBPLBTE IIPOBHATIOI. 30 FEBBOABT 22, 1984 Banking Systea Banting Systea Sector Stateaents of Saving and Investaent UMADJDSTED MET FLOHS(S BILL) UM ADJUSTED BET FLOSS (S BILL) 1982 III i 1 17 1983 IX I III 17 1974 BILLIOIS OF DOLLABS 1975 1976 1977 1978 Boaetary Authority 37 34 108 107 162 182 .1 .2 • .2 .7 1 2 Ret acg. of financial assets Sold and foreign exchange 3 Treasury curr. ♦ SDB ctfs. 4 Federal Beserve float 5 F.B. loans to donestic banks 6 7,911 344 405 -1,895 -515 7,558 649 400 2,185 -406 -5,604 -794 -2,249 2,091 5,959 -671 534 802 11,713 -606 -1,080 -1,985 -3,301 -50 1,631 -707 6.5 .1 .5 -1.1 -1.0 11.2 .1 1.0 1.7 -. 1 9.8 .1 1.4 -1. 1 -.2 8.6 • .6 1.2 .2 13.3 1.6 .6 2.7 .9 2 3 4 5 6 Credit narket instrunents U.S. Governnent securities Treasury securities Agency issues Acceptances Bank loans n.e.c. Biscellaneons assets 9,149 8,336 7,386 948 813 — 523 5,161 4,494 4,919 -425 667 -431 -4,751 -3,271 -2,661 -610 -1,480 99 5,415 5,212 5,022 190 203 -121 14,852 13,933 13,750 183 919 532 -4,620 -3,916 -3,481 -435 -704 445 6.2 5.2 2.0 3.2 .9 1.8 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 • -.6 7.0 7.3 7.7 -.4 -.4 .5 7 8 9 10 11 12 13 7,674 120 -899 7,524 6,171 334 -5,712 -3,070 -1,246 5,852 -5,415 2,165 11,551 2,693 -3,041 -3,483 749 3,290 6.4 -1.2 1.0 11.0 .2 .6 9.8 -.9 -.1 8.3 1.7 1.8 8,478 6,839 -219 1,858 175 468 -5,936 -77 6,481 551 -595 -1,392 152 645 -801 8,966 5,227 -208 3,947 136 11,504 -7,239 7,728 -12,902 108 -26 3,668 5,689 395 -283 7.0 .4 .2 6.3 -.3 10.6 4.5 e 6.2 -.5 10.5 3.1 .2 7.3 .3 4.9 -3.3 * 8.3 -.1 6.3 -3. 1 .1 9.3 .5 17 18 19 20 21 1 Current surplus 7 8 9 10 11 12 13 14 Net increase in liabilities Heaber bank reserves 15 Vault eash of coal, banks 16 17 18 19 20 21 Denand deposits and currency Due to U.S. Governnent Due to foreign Currency outside banks fliscellaneous liabilities 12.6 14 4.4 15 1.5 16 Coaaercial Banking (1) 1 Current surplus 2 Plant and eguipaent 3 Het acg. of financial asneta 4 Deaand deposits and currtncy 5 6 7 8 Total hank credit O.S. Govt, securities Treasery issues Agency issues 9 10 State * local obligations Corporate bonds 11 12 13 14 15 16 Total loans Bortgages Consuaer credit Bank loans n.e.c. Open-aarket paper Security credit 17 18 19 Corporate eguities Vault cash * nea. bank res. Biscellaneons assets 20 Het increase in liabilities 21 Checkable deposits 22 O.S. Governaent 23 Foreign 24 Private doaestic 1,879 3,476 1,905 3,194 3,456 3,350 3,255 3,675 2,971 3,930 2,989 3,868 4.6 5.4 4.3 2.3 4.5 4.1 5.3 6.7 6.7 9.3 1 2 29,773 421 51.193 503 13,393 501 37,982 543 31,303 567 65,707 595 70.9 -.2 34.5 .1 71.3 -.2 97.6 .5 144. 1 .3 3 4 28,505 4,429 2,601 1,628 43,775 18,564 16,765 1,799 13,208 20,756 18,142 2,614 35,772 15,206 15,236 -30 29,457 5,649 5,922 -273 59.756 10,338 10,287 5, 64.8 .7 -2.9 3.6 31.5 30.0 28.6 1.4 66.5 20.2 18.7 1.5 90.0 -1. 1 -1.9 .8 126.2 .5 -6.5 7.0 5 6 7 8 13 1,007 6,164 349 -4,824 1,435 1,257 1,353 1,979 658 2,459 344 5.4 1.0 1.8 1.8 3.0 -.6 9.2 a 23,054 4,320 2,849 13,760 773 1,352 18,694 3,400 2,439 9,516 -33 3.372 -4,168 3,168 -1,242 -2,400 -490 -3,204 17,955 6,846 6,184 3,037 -1,419 3,307 21,174 10,082 10,218 2,767 332 -2,225 46,618 9,446 13,266 18,660 198 5,048 57.7 12.8 3.4 41.5 2.2 -2.2 -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 9.6 9 -.3 10 116.4 35. 1 26.2 59.3 -1.3 -2.9 11 12 13 14 15 16 2 4 9 1 -3 -3 a • a a a 17 -779 1,626 6,505 410 -4,316 4,000 -3,250 4,917 -348 1,627 4,039 1,317 -.3 6.5 .8 2.0 -1.0 6. 1 3.5 3.5 5.9 18 11.8 19 28,011 14,065 9,486 -1,636 6,215 50,789 11,156 26,074 -14,463 -3,977 -2.301 676 328 29,375 -12,490 36,415 20,173 7,597 1,016 11,560 29,114 64,890 -3,695 13,800 676 -11,959 -910 1.145 -3,461 24,614 68.5 -.2 -5.1 2.6 2.3 32.6 7.6 -1.7 -.3 9.6 69.6 13.4 -.1 3.0 10.4 92.9 24.5 4.3 2.4 17.8 14,456 49,263 71,333 18,648 16,340 24,239 17.4 39.9 54.6 28.2 13.3 25 3,523 -20,579 -47,452 -12,472 256 7,558 5,155 -6,808 -3,421 7,284 9,278 6,653 39.3 -1.9 -9.9 3.5 -15.3 13.6 26.0 9.0 48.6 26 20.0 27 138.7 25.3 6.8 -.3 18.8 20 21 22 23 24 25 Snail tine and savings dep. 26 27 Large tiae deposits Fed. funds and security RP's 28 29 30 31 Ret interbank clains To Federal Beserve To doaestic hanks (2) To foreign banks -9,251 -2,510 6,529 -13,270 -4,826 1,779 639 -7,244 -7,720 -158 984 -8,546 9,102 1,336 1,584 6,182 8,209 -3,065 2,998 8,276 6,669 924 -3,901 9,646 .4 -2.1 2.5 • -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 28 29 30 31 32 33 34 35 Corporate eguity issues Credit narket debt Corporate bonds Open-narket paper 153 -3,729 602 -4,331 160 1,343 643 700 167 1,666 1,235 431 174 1,421 790 631 181 3,040 1,493 1,547 188 2,411 1,563 848 1.0 4.6 1.1 3.5 1-0 .8 .5 .3 1.6 6.1 6.9 -.8 .6 2.5 1.3 1.3 1. 1 7.3 .6 6.7 32 33 34 35 36 37 Profit tazes payable Hiscellaneous liabilities -19 1,255 -25 -877 -19 2,489 -14 6,191 -22 1,198 -14 1,666 .1 7.7 -.3 2. 1 3.4 .2 6.7 38 Discrepancy -3,359 -1,693 -2,131 -1,987 -3,148 -1,696 -3.2 .1 -1.4 -6. 1 -8.0 38 39 Heno: 27,151 40,399 16,403 32,464 31,685 54,711 67.0 29.5 59.8 87.8 129.0 39 Credit nkt. funds adv. (1) Consists of O.S.-chartered connercial banks, their donestic affiliates, Bdge Act corporations, agencies and branches of foreign banks, and banks in U.S. possessions. Edge Act corporations and offices of foreign banks appear together in these tables as "foreign banking offices." (2) Floats and discrepancies in interbank deposits and loans. 11/33 BASED OH PBELIBIHABI ARD IRC08VLETE IHFOBHATIOH . 1 36 12.9 37 FBBBOABT 22 J 1984 Balking Systea Banking Systea i7 Sector Stateaents of Saving and Investaent SEASOIALLT ADJUSTED AIIO1L BATES 1979 1980 1981 SEASOIALLT ADJOSTBD AIIOAI BATES 1982 1983 1 1982 I III IT | I 1983 II I III IT Honetary Authority 1 .2 .2 .4 .1 .6 .1 .1 .4 .4 .6 2 3 5 6 10.9 .7 1.7 .3 .3 7.1 2.6 1.5 -2.3 .4 8.2 • 1.4 -2.7 -.2 11.1 .6 .6 1.0 -.9 8.8 -2.1 -1.2 .2 23.0 1.4 1.6 -5.0 -3.8 18.5 2.6 1.6 4.4 -.6 -2. 1 -3.2 -7.2 7.4 26.7 -2.7 .9 5.3 37.2 -2.4 — -1.4 -10.1 7 8 9 10 11 12 13 7.7 7.6 6.9 .7 .1 .2 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 26.8 24. 1 20.3 3.8 2.7 2. 1 12.2 10.1 11.8 -1.7 2.1 -1.7 .6 5.9 8.3 -2.4 -5.3 .4 23.6 22.1 21.3 •8 1.5 — -.5 49.0 46.1 45.4 .7 2.9 2.1 1* 15 18 10.6 -1.4 3.0 6.9 -2.3 1.3 7.8 -2.2 -1.2 11.0 1.3 .9 8.2 -5.0 1.2 22.9 1.3 -4.3 18.4 21.0 -3.3 -2.5 -20.0 7.0 26.3 -10.1 .8 36.6 10.5 -13.2 17 18 19 20 21 8.2 .1 .1 7.9 .9 9.0 -1.1 -.2 10.3 -1.1 10.9 1.2 .1 9.5 .3 8.9 .7 -.2 8.4 -. 1 12.6 -1.3 • 13.9 -.6 25.4 14.2 -.7 11.9 .5 -2.2 -14.4 -.6 12.7 3.0 14.3 -1.5 .9 14.9 -3.8 35.0 22.7 -1.0 13.3 .6 37.8 17.6 .5 19.7 1.4 a .7 Current surplus -26.8 let acg. of financial assets -.2 Gold and foreign exchange — Treasury curr. ♦ SOB ctfs. 3.1 Federal Beserve float -1.8 F.B. loans to donestic banks -29.6 -26.2 -24.5 -1.7 -3.4 1.8 Credit narket instrunents O.S. Governaent securities Treasury securities Agency issues Acceptances Bank loans n.e.c. Hiscellaneous assets 1 2 3 4 5 6 7 8 9 10 11 12 13 -27.5 let Increase ia liabilities -.5 flesber bank reserves 10.0 Fault cash of coal, banks 14 15 16 -36.6 -44.1 -.4 7.9 -.4 17 18 19 20 21 Deaand deposits aad currency Due to O.S. Governaent Due to foreign Currency outside banks Hiscellaneous liabilities Connercial Banking CD 1 2 7.9 10.7 7.6 9.8 7.5 10.7 9.3 12.4 12.7 14.8 8.2 13.9 8.8 12.8 10.9 13.4 13.5 14.7 12.8 15.7 3 4 134.6 .7 108.7 .6 134.4 1.0 120.0 1.7 148.4 2.2 103.4 1.7 158.0 2.0 137.3 2.0 134.8 2.2 106.2 2.3 5 6 7 8 122.2 7.9 .4 7.6 101.8 25.6 15.9 9.7 108.8 11.7 1.9 9.8 108.5 27.7 20.4 7.3 138.2 51.9 49.6 2.4 94.6 23.0 16.3 6.7 127.7 64.Q 58.0 6.0 135.2 78.0 64.9 13.1 132.5 69.4 70.2 -.9 9 10 9.5 -.1 13.6 •6 5.0 » 4.7 1.9 •9 3.8 -2.2 4.0 18.6 1.4 -12.5 5.7 11 12 13 14 15 18 104.8 30.6 19.9 53.0 2.2 -.9 62.0 17.8 -6.2 47.8 1.8 .8 92.2 21.5 4.0 60.6 .8 5.3 74.2 16.1 6.3 51.4 .3 • 81.6 29.5 28.4 22.1 -1.4 2.9 69.9 14.4 2. 1 45.7 .2 7.5 43.6 14.0 6.8 19.8 2.5 .5 63.9 17.9 10.9 32.3 -1.1 4.0 13.4 Current surplus 15.5 Plant and eguipaent 1 2 215.2 Bet acg. of financial assets 2.4 Deaand deposits and currency 3 4 96.8 30.2 32.2 -2.0 188.3 30.2 31.0 -.8 5 6 7 8 7.6 5.4 6.0 2.6 2.4 1.4 50.1 23.5 25.0 -.1 -6.9 8.6 58.0 38.6 29.2 -.9 -2.2 -6.7 154.4 38.2 48.6 57.0 4.7 5.8 Total bank credit O.S. Govt, securities Treasury issues Agency issues State ♦ local obligations Corporate bonds 9 10 Total loans Bortgages Consuaer credit Bank loans n.e.c. Open-narket paper Security credit 11 12 13 14 15 16 Corporate eguities 17 17 • ♦ -. 1 • ♦ e e * ♦ * * 18 19 1.6 10.1 -1.0 7.3 -3.4 28.0 2.2 7.5 -3.9 11.9 -3.0 10.2 17.7 10.7 -13.0 13.1 -9.3 9.5 -2.6 9.7 9.4 15.2 20 21 22 23 24 128.0 26.5 .4 4.1 22.0 101.2 4.9 -2.6 .3 7.2 128.2 8.7 -1.1 -3.9 13.7 115.4 19.2 6.1 -3.4 16.5 141.6 15.8 -6.0 1.6 20.2 98.9 41. 1 24. 1 -3.9 20.9 151.3 28.3 4.1 .2 24. Q 131.5 55.2 -8.9 9.0 55.1 128.7 65.8 25.8 -4.9 44.9 100.0 -38.1 -16.1 -1.0 -20.9 25 29.3 45.0 40.3 97.0 130.6 78.2 178.9 265.2 95.7 89.6 71.7 Snail tine and savings dep. 28 27 13-8 15.6 47.2 18.3 51.5 14.4 -8.8 12.0 -54.1 12.3 3.5 33.9 -89.5 .4 -167.4 18.4 -57.0 -26.5 -24.7 33.3 32.8 23.9 Large tiae deposits 26 Fed. funds and security BP's 27 28 29 30 31 21.1 .5 -1.7 22.3 -28.5 -1.9 -3.4 —23.2 -12.4 -2.9 -2.4 -7.0 -14.3 .1 15.7 -30. 1 16.3 -1.0 1.7 15.6 -42.0 -8.8 27.0 -60.2 20.6 3.8 12.4 4.4 -52.7 .1 —4. 1 -48.8 16.7 6.3 3.3 7.1 30.7 -11.5 11.4 30.7 70.4 1.2 -4.0 73.2 Het interbank claias To Federal Beserve To doaestic banks (2) To foreign banks 28 29 30 31 32 33 34 35 1.3 6.7 2.1 4.5 .4 7.1 1.5 5.6 .5 8.2 1.2 7.0 .6 2.5 1. 1 1.4 .7 8.5 5.1 3.5 .6 — 14.9 2.4 -17.3 .6 5.4 2.6 2.8 .7 6.7 4.9 1.7 .7 5.7 3.2 2.5 .7 12.2 6.0 6.2 .8 9.6 6.3 3.4 Corporate eguity issues credit narket debt Corporate bonds Open-aarket paper 32 33 34 35 38 37 .5 13.2 -.5 7.4 -.4 17.4 -.1 7.3 -.1 11.5 -. 1 -1.5 -.1 6.7 -. 1 5.6 -.1 27.7 -.1 -3.7 • 16.5 Profit taxes payable Hiscellaneous liabilities 36 37 38 -9.4 -9.7 -9.3 -7.7 -9.0 -10.3 -10.7 -8.3 -7.4 -9.1 39 123.1 101.1 103.6 108.5 135.3 87. 1 127.1 131.2 123.9 103.5 Fault cash ♦ aea. bank res. Hiscellaneous assets 206. 1 let increase in liabilities -19.6 checkable deposits -24.7 O.S. Governnent 3.3 Foreign 1.8 Private donestic -11.2 Discrepancy 182.4 Beao: Credit akt. funds adv. (1) Consists of U.S--chartered connercial banks* their doaestic affiliates. Edge Act corporations, agencies and branches of foreign banks, and banks in O.S. possessions. Bdge 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. BILLIOBS OF DOLLABS. 19/83 BASED OB IBCOBPLETE IIFOBBATIOI. 18 19 20 21 22 23 24 25 38 39 F IBM U AMT 22, 19 64 Coaaercial Baaking Subsectors Connercial Baakiag Subsectors Sebaector Statensata foe Coapoaaat Groups ia Cossercial Baakiag 18 OMADJOSTXD BBT BLOWS(J BILL) OBADJOSTBD BBT BLOBS(I BILL) 1982 III IV I | 1983 I II III IV BILLIOBS OB DOLLABS 1975 1978 1977 1974 1978 O.S.-Chartered Coaaarcial Baaka 1 current surplus 2 Plant and eguipnent 3 Bet acg. of financial assets Total d>ank credit 4 O.S. Governnent aacuritiaa 5 Treasury issues a Agency issues 7 8 9 10 11 12 13 14 15 18 17 State ♦ local obligations Corporate bonds Total loans Bortgages Consuner credit Bask loaas n.e.c. Opea-aarket paper Security credit Vault cash ♦ aea. bank res. Biscellaaeous assets 18 Met increase in liabilities Checkable deposits 19 U.S. Governaeat 20 Poreiga 21 Private doaestic 22 1,879 3,476 1,905 3,194 3,456 3,350 3,255 3,675 2,971 3,930 2,989 3,868 4.6 5.4 4.3 2.3 4.5 4.1 5.3 6.7 6.7 9.3 1 2 26,542 25,767 4,392 2,579 1,813 48,21B 42,793 17,557 15,750 1,807 10,705 12,931 19,813 17,165 2,648 38,141 37,485 14,371 14,369 2 26,834 27,178 5,835 6,202 -367 62,376 60,059 10,270 10,202 68 60.8 56.4 .7 -2.8 3.5 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 .9 120.0 107.2 .1 -6.7 6.8 3 4 5 6 7 -82 909 6,146 352 -4,895 1,379 1,363 1,333 1,853 534 2,461 396 5.1 1.0 1.6 1.8 2.6 -.6 9.2 -.3 9.4 -.6 8 9 20,548 4,305 2,849 11,248 809 1,337 18,738 3,386 2,439 9,654 87 3,172 -3,366 3,155 -1,242 -2,366 -129 -2,784 20,418 6,834 6,184 5,340 -1,439 3,499 18,956 10,071 10,218 1,366 25 -2,724 46,932 9,436 13,266 19,823 -293 4,700 49.5 12.3 3.4 34.3 1.6 -2.1 -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 98.3 35.3 26.2 42.1 -2.3 -3.0 10 11 12 13 14 15 -779 1,554 6,505 -1,080 -4,316 2,090 -3,250 3,906 -348 4 4,039 -1,722 -.3 4.7 .8 -2.5 -1.0 -.6 3.5 3.7 24,780 14,902 9,486 -865 6,281 47,814 8,468 25,660 -13,989 -3,977 -2,301 140 852 29,497 -12,540 36,574 19,346 7,597 497 11,254 24,645 61,559 -3,175 13,446 676 -11,959 1,341 -634 -3,217 24,064 58.3 -1.3 -5.1 2.1 1.7 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 14,456 49,263 114.6 22.8 6.8 • 16.1 18 19 20 21 22 71,333 18,648 16,340 24,239 17.4 39.9 54.6 28.2 13.3 23 7,907 -21,987 -40,416 5,155 7,558 256 -8,115 -6,808 2,669 7,284 8,002 6,653 38.2 -1.9 -13.3 3.5 -15.6 13.6 23.8 9.0 42. 1 24 20.0 25 -2,824 -16,509 2,185 -2,249 -406 2,091 -1,293 -2,095 -3,310 -14,256 7,864 534 802 2,903 3,625 3,210 -1,080 -1,985 -557 6,832 9,911 1,631 -707 -2,490 11,477 -.9 -1.1 -1.0 3.2 -2.0 -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 26 27 28 29 30 160 343 -25 -3,032 167 277 -19 2,469 174 -234 -14 5,715 181 26 -22 -1,868 188 -145 -14 -721 1.0 .2 .1 5.5 1.0 .2 -.3 .1 1.6 .7 1.7 .6 .6 .2 5.4 1. 1 .2 .1 12.4 31 32 33 34 -3,359 -1,693 -2,131 -1,987 -3,148 -1,696 -3.2 .1 -1.4 -6.1 -8.0 35 24,430 39,621 15,715 33,986 29,902 55,359 58.5 28.5 55.1 81.9 110.1 36 23 Saall tiaevsavings deposits 24 25 Large tiae deposits Fed. funds and security BP’s 26 27 28 29 30 Met interbank liabilities Federal Beserve float Borrowing at P.B. banks To doaestic banks To foreign banks -20,579 -1,995 -515 -9,974 -8,095 31 32 33 34 Corporate eguities Corporate boads Profit taxes payable Biscellaneoes liabilities 153 189 -19 213 35 Oiscrepaacy 36 Beao: Credit akt. funds adv. 5.9 16 7.0 17 Doaestic Affiliates of Coaaarcial Baaka 1 Bet acg. of financial assets Inv. ia finance co. subs. 2 3 Bank loans n.e.c. 4 Met increase ia liabilities Met interbask claias 5 Credit narket debt 6 Corporate bonds 7 Cossercial paper 8 Biscellaaeous liabilities 9 42 299 -257 198 104 94 1,323 1,280 43 997 1,232 -235 692 797 -105 1,269 1,206 63 1.6 .7 .9 2.9 3.4 -.5 6.1 6.4 -.3 ♦ -.5 .6 1.7 2.7 -1.0 1 2 3 42 4,593 -3,918 413 -4,331 -633 198 1,000 300 700 -802 1,323 — 1,389 958 431 -66 997 -1,056 1,655 1,024 631 398 692 -2,646 3,014 1,467 1,547 324 1,269 -1,739 2,556 1,708 848 452 1.6 -3.3 4.4 1.0 3.5 .5 2.9 2.0 .6 .3 .3 .2 6. 1 -.3 5.4 6.2 -.8 .9 • -1.6 2.0 -7 1.3 -.3 1.7 -3.0 7.2 .5 6.7 -2.4 4 5 6 7 8 9 21.8 19.6 .5 -. 1 .1 18. 1 1.0 1 2 3 4 5 6 7 Foreign Banking Offices in U.S. 2,386 2,747 -28 -4 46 2,769 -36 1,926 596 951 -3 -232 -120 506 454 854 38 -77 -361 -2,044 -1,367 747 -115 49 -2,068 20 2,869 1,769 -296 100 152 1,506 307 1,132 -782 -51 4 -1,226 491 8.5 7.2 .2 .1 • 6.3 .7 1.6 1. 1 -.2 • • 1.2 • 5.3 4.4 .5 • -.1 3.5 .5 5.7 4.9 -.1 • .2 4.7 .1 2 15 -378 4 200 1,126 9 -420 463 1 -192 -486 -3 499 604 -3 348 1,569 • -.1 1.4 • -. 1 .6 « .4 .4 • .5 .3 • 8 .1 9 2.0 10 11 Met increase in liabilities Desaad dep gaits 12 Tiae deposits 13 2,386 -837 -4,384 1,926 414 1,408 506 -474 -7,036 -2,044 825 -4,353 2,869 -520 -6,090 1,132 354 1,276 8.5 1.2 1.1 1.6 .6 3.4 5.3 2.4 .4 5.7 3.0 2.2 21.8 11 2.5 12 6.4 13 14 15 16 Met interbank liabilities Io foreign banks Io dpnestic banks 6,735 -5,175 11,910 -2,002 -3,934 1,932 8,789 5,710 3,079 2,294 2,557 -263 7,645 1,444 6,201 -1,503 -1,831 328 4.6 2.0 2.6 -3.0 -1.4 -1.6 2.2 3.0 -.9 -.2 .9 -1. 1 10.6 14 3.4 15 7.3 16 17 Biscellaneous liabilities 872 2,106 -773 -810 1,834 1,005 1.6 .7 .3 .7 2.3 17 1 Met acg. of financial assets Credit aarket instrunents 2 U.S. Governaent secerities 3 4 State ♦ local obligations S Corporate bonds 6 Bank loans n.e.c. Open-aarket paper 7 8 9 10 Corporate eguities Security credit Bisceldaneoua assets Baaka in O.S. Posaaaaioaa 1 Met acg. of financial assets Denand deposits aad currency 2 803 421 851 503 859 501 888 543 908 567 930 595 .1 -.2 1.1 .1 .4 -.2 .8 .5 .6 .3 1 2 Credit aarket instruaents O.S. Governnent securities State * local obligations Corporate boads Hoae nortgages Coanercial aortgages Biscellaneous assets 231 65 99 52 74 -59 151 88 56 18 75 -61 260 191 89 71 18 78 -65 167 80 88 9 -29 80 -68 265 119 110 26 -28 82 -71 222 71 119 -2 -56 84 -74 264 .5 -.2 .2 • .1 .4 -.2 .4 .1 .1 • ♦ .2 .6 .6 .1 .4 .1 .1 -.1 -.1 .3 .2 -.1 .1 • .1 • .2 -. 1 .3 .2 .1 -.3 .1 3 4 5 6 7 8 9 803 851 859 888 908 930 .1 1. 1 .4 .8 3 4 5 6 7 8 9 10 Met increase in deposit liab. IV/83 BASBD OB PBBLIBIBABI ABD IBCOBPLBTB IBPOBBATIOB .6 10 FEBBUABI 22 J 1964 Connercial Banking Subsectors Connercial Banking Subsectors 19 Subsector stateaents for Coupon*nt Groups in Connercial Banking SEASOBALLI ADJUSTED AIIUAL BATES SEASOIALLZ ADJUSTED A1IUAL BATES 1980 1979 1981 1982 1983 I 1982 1 111 IT | 1 1983 I II III IT U.S.-Chartered Connercial Banks 1 2 7.9 10.7 7.6 9.8 7.5 10.7 9.3 12.4 12-7 14.8 8.2 13.9 8.8 12.8 10.9 13.4 13-5 14.7 12.8 15.7 3 4 5 6 7 111.5 107.9 7.4 -.2 7.6 84.6 84.7 25.0 15.3 9.7 107.6 101.6 11.4 1.8 9.6 113.4 108.0 26.7 19.4 7.3 138.1 137.7 50.3 47.9 2.4 98.7 91.8 22. 8 16.2 6.6 147.9 125.5 60.0 53.9 6.0 123.3 130.8 74.2 61.0 13.2 127.7 131.6 66.1 66.8 -.7 97.9 97.4 31.0 33.3 -2.4 8 9 9.7 -.3 13.2 .5 5.7 * 4.6 1.7 .8 3.6 -2.6 3.6 18.6 1.4 -12.8 5.5 8.0 5.3 5.5 2.1 2.4 1.6 10 11 12 13 14 15 91.1 30.6 19.9 39.9 1.6 -.8 46.0 17.7 -6.2 32.3 1.0 1.2 84.5 21.4 4.0 54.7 -.2 4.7 75.0 16.0 6.3 51.2 1.0 .5 82.9 29.5 28.4 24.2 -1-8 2.7 68.0 14.3 2. 1 44. 1 .3 7.2 45.6 14.0 6.8 21.9 2.9 -.1 63.8 17.8 10.9 30.7 .3 4. 1 52.2 23.5 25.0 —.4 -7.0 11.0 58.8 38.6 29.2 3.5 -3.4 -9.0 157.0 38.2 48.6 62.8 2.8 4.7 16 17 1.6 2.1 -1.0 .9 -3.4 9.4 2.2 3.2 -3.9 4.3 -3.0 9.8 17.7 4.7 -13.0 5.5 -9.3 5.4 -2.6 3.2 9.4 3.0 18 19 20 21 22 104.9 25.7 .4 3.4 21.9 77.2 10.5 -2.6 -.2 13.3 101.4 14.8 -1.1 -3.0 18.9 108.8 20.9 6.1 -2.2 17.0 131.2 15.6 -6.0 2. 1 19.6 94. 1 45. 1 24. 1 -.9 21.8 141.2 20.7 4.1 -4.0 20.6 117.5 58.1 -8.9 10.0 57.0 121.6 68.4 25.8 -2.8 45.4 91.7 -35.4 -16.1 .1 -19.4 23 29.3 45.0 40.3 97.0 130.6 78.2 178.9 265.2 95.7 89.6 71.7 Snail tinevsavings deposits 24 25 10.2 15.6 39.3 18.3 43.9 14.4 2.3 12.0 -37.9 12.3 21. 1 33.9 -95.2 .4 -139.2 18.4 -39.6 -26.5 -.3 33.3 27.7 23.9 24 Large tiae deposits Fed. funds and security IP's 25 26 27 28 29 30 13.0 .3 .3 -4.0 16.5 -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 4.5 -1.2 .2 -2.2 7.7 -80.3 -5.0 -3.8 -39.0 -32.5 35.3 4.4 -.6 25.9 5.5 -92.8 -7.2 7.4 -22.2 -70.7 .9 .9 5.3 -11.7 6.4 19.0 -1.4 -10.1 -1.0 31.5 90.8 3.1 -1.8 26.0 63.6 Bet interbank liabilities Federal Baserve float Borrowing at F.l. banks To donestic banks To foreign banks 26 27 28 29 30 31 32 33 34 1.3 .2 .5 9.1 .4 .2 -.5 .8 .5 -. 1 -.4 6.7 .6 .6 -.1 3.1 .7 -.1 -.1 5.6 .6 .8 -. 1 -5.1 .6 1.4 -.1 -.8 .7 1.1 -.1 6.1 -7 -.9 -.1 23.0 .7 .1 -.1 -15.1 .8 -.6 • 8.4 Corporate eguities Corporate bonds Profit taxes payable Biscelianeous liabilities 31 32 33 34 35 -9.4 -9-7 -9.3 -7.7 -9.0 -10.3 -16.7 -8.3 -7.4 -9.1 36 108.7 83.5 96.9 107.6 135.0 84.7 125.6 126.7 120.6 106.4 13.4 Current surplus 15.5 Plant and egnipneat 203.3 let acg. of financial assets 190.8 Total bank credit U.S. Governnent securities 29.9 Treasury issnes 30.7 -.8 Agency issues State ♦ local obligations Corporate bonds Total loans Sortgages Consuner credit Bank loans n.e.c. Open-narket paper Security credit Tault cash + sen. bank res. Biscnllaneous assets 194.2 let increase in liabilities Checkable deposits -28.5 -24.7 U.S. Governaent .9 Foreign -4.7 Private donestic -11.2 Discrepancy 186.1 Beno: credit nkt. 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 Donestic Affiliates of Connercial Banks 1 2 3 5.4 5.5 -.1 4.3 4.4 -.1 8.0 7.9 .1 1. 1 1.0 .1 4.3 4.5 -.2 .2 1.2 -1.0 .8 .4 .4 5.3 5.1 .2 4.0 4.9 -.9 2.8 3.2 -.4 4 5 6 7 8 9 5.4 -1.4 6.5 1.9 4.5 .3 4.3 -2.7 6.9 1.4 5.6 -1 8.0 -1.4 8.3 1.3 7.0 1.1 1.1 2.1 1.9 .5 1.4 -2.9 4.3 -5.4 8.6 5.2 3.5 1.1 .2 18.4 -15.7 1.7 -17.3 -2.5 .8 4.0 1.2 2.8 -3.2 5.3 5.6 3.8 1.7 -.3 4.0 -4.2 6.6 4.1 2.5 1.6 2.8 -10.6 12.1 5.9 6.2 1.3 5.1 let acg. of financial assets Inv. ia finance co. subs. 4-8 Bank loans n.e.c. .3 1 2 3 5.1 let increase ia liabilities let interbank claias -7.0 Credit aarket debt 10.2 Corporate bonds 6.8 3.4 Coaaercial paper Biscelianeous liabilities 1.8 4 5 6 7 8 9 3.1 let acg. of financial assets Credit narket instrunents -4.3 -.2 O.S. Governaent secnrities State ♦ local obligations • Corporate bonds Bank loans n.e.c. -6.0 Open-narket paper 2.0 1 2 3 4 5 6 7 Foreign Banking Offices in U.S. 1 2 3 4 5 6 7 16.5 14.5 .5 .1 .1 13.2 .6 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 2.5 .1 1.3 • .2 -1.9 .5 1.4 2.6 -. 1 • .2 2.7 -.1 5.9 •8 3.8 • -2.5 -.5 5.3 3.5 3.4 .2 1.4 -1.4 -.4 4.0 3.0 -.5 -2 1.2 .1 1.8 -2.9 -1.2 •4 .6 -4.0 1.2 8 9 10 * « 2.1 ♦ -.4 1.5 -. 1 .6 7.9 • -.5 2.4 « .2 2.2 * .3 -1.5 • .6 4.5 * -.1 1.9 « -2.4 -1.9 • 2.3 2.4 11 12 13 16.5 .8 3.6 18.1 -5.6 7.9 16. 1 -6.1 7.6 2.3 -1.7 -11. 1 2.5 .2 -16.2 1.4 -3.9 -17.5 5.9 7.6 5.6 5.3 -2.9 -28.1 -.4 -2.6 -17.4 1.8 -2.7 -24.4 14 15 16 9.5 5.8 3.7 10.9 -.8 11.7 7.9 -.8 8.6 11. 1 -11.9 23.0 17.2 7.9 9.3 19.9 -27.7 47.6 -14.6 -1.1 -13.5 40.1 21.9 18.1 20.0 .7 19.3 22.3 -.7 23.0 17 2.7 4.9 6.8 3.9 1.3 2.9 7.3 -3.7 —.4 « 1.1 6.3 Corporate eguities Security credit Biscelianeous assets 8 9 10 3.1 let increase in liabilities Denand deposits 8.9 5.1 Tiae deposits 11 12 13 -13.4 9.6 -23.0 let interbank liabilities To foreign banks To donestic banks 14 15 16 6.6 2.6 Biscelianeous liabilities 17 Banks in U.S. Possessions 1 2 1..1 .7 1.6 .6 2.7 1.0 3.2 1.7 3.6 2.2 3.2 1.7 3.4 2.0 3.4 2.0 3.6 2.2 3.6 2.3 3.7 let acg. of financial assets Deaand deposits and currency 2.4 1 2 3 4 5 6 7 8 9 * a -.2 .1 .1 * .4 .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 .9 .3 .4 .2 .3 -.2 •6 .4 .2 .1 .3 -.2 1.0 .8 .4 .3 .1 .3 -.3 .7 .3 .4 « -.1 .3 -.3 1-1 .5 .4 .1 -.1 .3 -.3 .9 .3 .5 * -.2 .3 -.3 1.1 Credit narket instrunents O.S. Governnent securities State ♦ local obligations Corporate bonds Bose nortgages Connercial nortgages Biscellaneoas assets 3 4 5 6 7 8 9 10 1.1 1.6 2.7 3.2 3.6 3.2 3.4 3.4 3.6 3.6 3.7 let increase in deposit liab. BILLIOIS OF DOLLABS. IT/83 BASED 01 IICOBPLETB IIFOIBATIOI. 10 FBBBOill 221 198* lonbank Pinance Sunnary lonbank Finance Sunnary Private lonbank Pinancial Institutions 20 011DJ0STBD 11T FLOSS(J BILL) OBIDJOSTXD III PLOWS(1 HILL) 1982 III 1983 | IP | I II III IP 197* BILLIOIS OP D0LL1IS 1975 1976 1977 1978 Private lonbank Financial Inetitations - Total 1,510 847 1,022 1,286 1,594 1,268 2,402 1,063 1,857 955 1,817 1,140 4.7 2.6 2.5 5.3 5.8 3.6 9.9 2.2 13.1 2.2 1 2 3 let acg. of financial assets Deaand deposits and currency « 5 Tiae and savings deposits Secarity IP’s 6 7 Foreign deposits 78,796 5,02* 5,275 2,72* -385 54,267 2,638 -7,861 -5,205 940 64,921 1,039 -8,664 2,604 -4,577 76,118 1,511 -4,667 -2,402 462 78,884 252 -5,397 3,903 246 94,183 2,252 -263 -65* 2,021 78.9 .4 5.7 2.4 - 112.5 .5 4.2 -1.0 - 152.9 1.0 -2.3 1.6 - 191.7 .9 3.8 3.0 • 202.9 3.3 8.4 1.8 .5 3 4 5 6 7 8 9 10 11 12 13 1* 15 Corporate egaities Credit aarket instrunents O.S. Governnent securities State v local obligations Corporate ♦ foreign bonds Hortgages Consuaer credit Other Ioans 5,565 50,134 *4,2*9 5,195 4,837 -5,89* 3,125 -1,378 14,166 34,902 31,541 3,684 9,051 -7,485 4,731 -6,620 15,979 51,416 31,400 5,877 10,262 3,475 388 1* 16,709 53,842 10,615 1,468 14,249 12,721 5,289 9,500 11,354 59,496 19,600 2,465 2,261 21,685 5,102 8,383 10,339 68,492 23,698 1,705 4,947 19,936 7,691 10,515 5.8 60.9 2.5 1.6 17.9 25.0 5.2 8.7 9.8 91.8 21.5 6.0 25.4 27.3 5.0 6.7 12.5 129.5 24.6 9.3 29.2 46.0 10.3 10.0 7.4 171.1 21.6 13.5 37.5 66.5 16. 1 15.8 4.5 173.3 17.5 15.2 33.0 68.4 19.4 19.8 8 9 10 11 12 13 14 15 16 17 18 Security credit Trade credit Hiscellaneous assets 713 519 9,227 4,244 517 9,926 2,230 511 4,383 7,045 501 3.117 2,404 497 6,129 6,486 488 5,022 -1.6 .5 4.6 1.0 .6 5.6 4.6 1.2 4.7 1.0 1.3 3.3 77,063 53,625 64,494 76,904 13,725 25,603 41,366 28,820 22,025 -17,013 -26,296 -15,680 -12 3,540 2,723 1,590 25,6*3 31,261 35,679 32,775 8,689 7,163 6,75* 12,551 77,045 30,870 -1,625 3,534 27,923 7,303 91,630 27,328 -454 6,740 29,023 7,760 80.0 22.1 2.4 1.5 33.4 -9 115.2 59.4 1.3 .1 39.7 -.5 148.1 69.2 e -.1 47.7 -1.8 183.2 69.7 .2 1.9 60.7 2.8 192.2 59.1 6.9 2. 1 66.6 1.3 19 20 21 22 23 24 25 26 27 28 29 30 1 Current surplus 2 Physical investnent 19 let increase in liabilities Tiae and savings deposits 20 Honey narket fuad shares 21 Secarity IP’s (sU) 22 Insurance ♦ pension reserves 23 Corporate eguity issues (1) 2* 25 26 27 28 29 30 Credit narket instrunents Corporate bonds Hortgages Bank loans n.e.c. Open-rnarket paper Fed. Bone Loan Bank loans 31 32 33 Security credit Profit taxes payable Hiscellaneous liabilities 3* Discrepancy 1.6 16 1.5 17 8.0 18 -3,430 644 29 -469 -1,878 -1,756 -3,283 1,143 29 1,287 -4,101 -1,641 -6,456 1,627 28 -1,620 -506 -5,985 5,472 3,595 28 -1,249 4,321 -1,223 2,764 3,186 27 -498 980 -931 10,217 3,744 27 418 4,937 1,091 13.7 1.9 .2 4.6 .3 6.7 -3.8 2.8 •4 -3.7 .7 -4.0 .7 3.0 .4 -3.7 3.0 -2.0 21.3 8.9 V -.3 8.4 4.3 30.2 6.8 .1 2.8 7.9 12.5 3,139 82 7,126 5,175 74 5,066 -2,425 39 6,496 3,872 54 10,179 -2,241 46 8,471 6,184 89 4,743 -2.9 9.0 2.9 .1 15.9 7.9 .5 24.0 .9 .7 24.9 « 31 .8 32 25.1 33 -1,070 -906 -101 2,125 -937 -1,876 3.2 -.1 -2.6 -.8 .2 34 (D Includes sutual fund shares. Seringa institutions Coabined 1 current surplus 2 let acg. of financial assets 3 Deaand deposits and currency 4 Tine deposits Secarity IP’s 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 Corporate egaities Credit aarket instrunents O.S. Govt, securities State ♦ local obligations Corporate bonds Hortgages Hom nortgages Haiti-faaily Coeeercial Para Consuaer install, credit Consuaer noninstall.credit Cpea-aacket paper Hiscellaneous assets 20 let increase in liabilities 21 Deposits 22 Security BP's 23 Cr. akt. instr. (svgs. *loaa) 24 Profit taxes payable Hiscellaneous liabilities 25 26 Discrepancy -486 -157 300 311 277 498 2.3 2.0 2.9 3.8 5.0 1 13,825 1,044 -484 556 21,995 205 2,891 -2,523 39,629 1,328 2,803 5,590 35,913 609 1,034 -1,21* 38,444 328 -3,753 1,154 34,529 601 -11 1,116 32.2 .1 1.5 2.3 58.1 .3 5.0 -1.1 72.1 .2 -1.5 1.6 84.9 e 1.0 2.9 81.3 1. 1 .2 1.7 2 3 4 5 -116 5,275 9,279 -184 -314 -111 13,255 19,954 166 112 79 27,433 22,648 -55 1,063 60 34,784 19,963 -148 1,121 72 36,814 12,365 -11 420 134 29,564 6,320 -34 95 .2 25.3 -.3 .3 .9 .2 51.2 9.7 1.6 3.5 .1 68.4 10.2 •6 2.8 .4 78.5 7.0 .4 1.2 .1 6 72.8 7 5.4 8 .6 9 . 1 10 -7,311 -9,730 -7,496 -10,301 -780 -802 1,350 988 -1 1 1,583 -836 111 2,308 - 10,334 4,561 1,028 4,746 -1 18,381 12,588 1,957 3,836 - 16,237 12,112 1,507 2,617 1 21.3 16.1 1.7 3.4 • 30.5 22.6 2.6 5.3 • 47.6 38.8 3.3 5.6 • 61.9 52.0 4.9 4.9 • 58.4 50.5 4.4 3.5 • 11 12 13 14 15 2,189 480 1,136 7,550 1,329 456 968 8,278 1,149 348 697 2,396 2,806 465 243 640 3,605 560 1,494 3,829 3,971 750 2,225 3,125 3.1 •2 -.2 2.8 4.4 .4 1.0 2.5 6.6 .3 .3 3.3 8.1 .3 -.3 2.2 7.3 .5 .6 5.3 16 17 18 19 15,023 13,725 1,590 -2,702 3 2,407 22,192 25,603 -12 -3,931 -8 540 39,533 41,366 3,540 -6,023 -11 661 35,755 28,820 2,723 -1 -6 4,219 37,532 30,870 3,534 211 -17 2,934 33,239 27,328 6,740 566 -13 -1,382 30.1 22.1 1.5 6.2 .1 .2 56.0 59.4 .1 -4.2 .1 •6 68.9 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 20 21 22 23 24 25 712 40 204 153 -635 -792 .2 • -.4 -.8 IP/83 Bi SID 01 PBELIBIliBl 110 IICOHPLITE IlFOIBkTIOl -.3 26 F EBRO All 22, 1984 Moabaak Finance Saaaary Monbank Finance Saaaary Private Monbank Financial Institutions 2r SEASOBALLT 1DJ0STED ANNUAL BAI^ 1979 1980 1981 1982 SEASOBALLT ADJUSTED AMHOAL BATES 1983 I 1982 1 III IT I I 1983 I II III IT Private Moabaak Financial Institutions - Total 1 2 11.0 3.0 9.2 3.9 2.9 5.3 2.1 4.9 7.7 4.4 4.8 3.4 4.8 5.1 8.6 5.1 8.0 4.3 6.0 3.8 3 4 5 6 7 214.7 3.5 5.3 5-5 4.6 222.1 3.6 19.0 3.2 1.7 297.5 3. 1 23.5 14.6 12. 1 254.5 10.4 3.8 2.1 4.9 314.1 5.1 -19.0 3.5 -1.8 329.3 18.0 32.7 11.6 -1.5 186.4 6.9 -34.2 -17.6 3.8 286.6 10.5 -41.4 6.8 -18.3 296.7 5.7 -21.3 -9.7 1.8 331.9 -1.7 -8.5 16.4 1.0 341.3 Bet acq. of financial assets 5.7 Deaand deposits and currency -4.7 Tiae and savings deposits .3 Security BP’s 8.1 Foreign deposits 3 4 5 6 7 8 9 10 11 12 13 14 15 9.7 171.6 21.8 10.9 20.7 62.4 22.2 33.6 16.8 161.2 43.2 9.7 25.3 44.2 10.2 28.6 22.2 201.7 56.7 7.3 27.5 29.1 15.4 65.6 27.9 162.7 122.1 14.9 25.2 -19.1 10.2 9-4 54.4 233.2 85.3 11.5 31.7 57.8 18.5 28.4 25.3 200.9 179.5 20.9 23. 1 -31.9 9.3 -. 1 47-5 122.7 119.8 14.7 33.0 -30.4 14.8 -29.1 70.3 228.8 117.2 23.4 46.2 24.8 15. 1 2.1 66.5 211.1 55.2 5.8 51.1 47.4 17.4 34.2 49.2 239.5 82.7 10.1 13.3 79.1 16.4 38.0 31.5 253.6 86.2 6.8 16.3 80.0 25.0 39.2 Corporate equities Credit aarket iastraaeats O.S. Governaent securities State * local obligations Corporate ♦ foreign bonds Bortgages Consuaer credit other loaas 8 9 10 11 12 13 14 15 16 17 18 1.1 1.9 11.4 6.5 2.0 8.1 -2.3 2.6 20.0 3.2 2.1 37.4 18.2 2.0 18.7 2.9 2.1 37.4 17.0 2.1 38.2 8.9 2.0 19.0 28.2 2.0 12.4 9.6 2.0 24.4 25.9 2-0 18.9 Security credit Trade credit Biscellaneons assets 16 17 18 19 20 21 22 23 24 204.9 46.9 34.4 .5 60.0 1.9 219.2 57.6 29.2 2. 1 80.8 6.9 302.5 26. 1 107.5 3.0 91.8 7.2 259-2 62.1 24.7 3.8 108.5 22. 1 310.1 128.4 -44.1 16.5 125.4 36.3 325.4 68.6 88. 1 6.4 102.9 30.0 187. 1 83.9 -68.1 a 126.1 25.5 284.1 158.9 -105.2 14.2 140.1 46.4 294.1 129.2 -62.7 10.9 131.5 38.5 327.3 139.6 -6.5 14. 1 112.5 30.8 334.8 Met increase in liabilities 85.8 Tiae and savings deposits -1.8 Boney aarket fund shares 27.0 Security BP’s (s+l) 117.6 Insurance ♦ pension reserves 29.5 Corporate equity issues (1) 19 20 21 22 23 24 25 26 27 28 29 30 27.9 5.7 • -.4 13.4 9.2 1 1.4 5.6 -.1 -.4 -.8 7.1 29.8 -2.0 -.5 2.2 13.9 16.2 1.9 1.2 .1 3.2 -3.4 .8 12.0 12.2 .1 -2.9 9.7 -7.0 -12.2 3.9 .1 1.3 -5.8 -11.6 -17.7 2.7 .1 1.1 -15.6 -6.0 -1. 1 9.3 .1 -4.3 8.2 -14.4 1.0 13.1 .1 -6.1 5.2 -11.4 10.9 13.9 .1 1.1 4.3 -8.4 37.2 12.3 .1 -2.5 21.3 6.0 Credit aarket instrunents Corporate bonds Bortgages Bank loans n.e.c. Open-aarket paper Fed. Hoae loan Bank loans 25 26 27 28 29 30 31 32 33 1.1 -.2 32.4 6.0 -.8 25.9 2.5 -1.2 35.7 3.2 .1 32.8 5.4 .2 29.9 14.6 .3 26.7 7.7 .2 29.5 7. 1 .1 23.5 10.9 .3 34.5 -6.8 .2 32.5 10.4 .3 29.0 Security credit Profit taxes payable Hiscellaneous liabilities 31 32 33 34 -1.9 2.4 2.6 1.9 -.8 -2.5 .4 1.1 1.1 -2.4 -3.0 Discrepancy 8.0 Current surplus 4.6 Physical investaent 1 2 34 (1) Includes autual fund shares. Savinas Iaatitations Coabined 1 4.3 1.2 -4.5 -3.3 1.4 -1.9 -.6 1.2 1.2 1. 1 2 3 4 5 66.5 .5 -.8 3.4 69.2 1.7 8.5 -. 1 43-5 2.3 -1.1 5.7 71.3 2. 1 9.6 .4 148.5 2.9 .1 6.6 60.2 3.2 9.7 2.9 81.7 .7 8.8 -6.9 158.4 4.8 4.4 18.7 145.1 3.8 1.5 -5.0 161.1 .2 -2.0 5.4 129.4 Met acq. of financial assets 2.6 Deaand deposits and currency -3.7 Tiae deposits 7.4 Security HP’s 6 7 8 9 10 -.1 56.7 2.1 -.5 -1.1 -.5 54.9 21.4 -.5 .7 -.6 27.2 5.2 ♦ -1.0 -.5 30.6 48.8 -.3 -1.1 .3 128.6 61.3 -.2 2-7 -.5 14. 1 42. 1 -.7 -1-3 -.4 47.9 71.9 .7 -4 .3 119.1 88.5 -.2 4.3 .2 142.0 85.6 -.6 4.5 .3 142.0 56.2 * 1.7 .5 111.3 14.9 -.1 .4 11 12 13 14 15 48.4 42.9 2.1 3.4 * 29.8 28.1 .1 1.6 • 18.4 17.0 -.5 2.0 - -25.6 -27.5 -1.5 3.4 • 46.5 28.4 4.6 13.5 - -38.7 -40.0 -3.2 4.4 • -38.1 -39.4 -3.1 4.4 * 17.5 6.8 .4 10.3 38.2 15.8 4.1 18.3 * 64.3 40.5 7.8 16.0 - 66. 1 50.7 6.0 9.4 * 16 17 18 19 3.6 2.4 1.8 6.8 -.9 1.4 3.0 4.7 3-5 -1.8 2.8 10.0 4. 1 1.1 4.3 29. 1 11.5 2.1 4.7 10.0 5.9 1.9 4.9 30.7 6.1 1.8 5.1 31.6 6.5 1.4 1. 1 11.0 11.6 1.9 -9 2.5 11.4 2.2 6.2 15.2 16.6 3.0 10.4 11.3 20 21 22 23 24 25 62.0 46.9 .5 12.6 -.2 2.3 68.5 57.6 2. 1 7.4 -.3 1.7 49.4 26. 1 3.0 15.5 -.3 5. 1 75.9 62.1 3.8 -3.0 • 13.0 146. 1 128.4 16.5 -5.2 ♦ 6.4 64.4 68.6 6.4 -18.3 7.8 83. 1 83.9 e -12.1 • 11.4 158.2 158.9 14.2 -15.0 -. 1 .2 144.2 129.2 10.9 -6.6 « 10.7 156.8 139.6 14.1 -7.3 -.1 10.4 26 -.2 .5 1.4 1.2 -1.1 2.3 .7 1.0 .4 -3.2 8IILIOMS OF DOLLABS. IT/83 BASED OM INCOMPLETE IMFOBflATION. 2.0 Current surplus Corporate eguities Credit aarket instruaents O.S. Govt, securities State ♦ local obligations Corporate bonds Bortgages Bone aortgages Hulti-faaily Coaaercial Fare Consuaer install, credit Consuaer noninstall.credit Open-aarket paper Hiscellaneous assets 125.0 Met increase in liabilities Deposits 85.8 27.0 Security BP’s Cr. skt. instr. (svgs.*loaa) 7.9 • Profit taxes payable Hiscellaneous liabilities 4.5 -2.4 Discrepancy 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 FBBBOABI 22, 1984 Savings Institutions Savings Znstitntions Sector Stateaents of saving and Investnent 22 DIIDJOSTID WIT FLOWS(1 BILL) OlkDJOSZBD -«IT F1OBS(8 BILL) 1982 III IT 1983 | | I II HI IT 1974 BILLIOIS OP DOLLIBS 1975 1976 1977 1978 Savings aad Loan issoclations 1 Cerrent surplus 2 Bet acg. of financial assets Hortgages 3 Consuner credit 4 -407 -201 391 140 193 257 1.5 1.4 2.0 2.7 3.6 1 10,364 -7,073 1,454 18,282 -9,473 1,212 29,154 1,672 1,455 27,274 10,022 1,509 31,744 17,424 1,328 27,451 14,953 2,048 25.1 19.0 .9 40.8 27.7 .8 52.0 42.7 1.1 64.3 55.1 1.5 63.5 51.4 -3 2 3 4 5 6 7 8 Other assets Deaand deposits ♦ currency Tine deposits Fed. fnnds * security BP’s 15,983 550 352 747 26,543 322 2,210 -1,508 26,027 1,782 1,531 5,155 15,743 601 1,136 -776 12,992 962 -1,777 1,242 10,450 286 352 104 5.2 .7 2.6 12.3 -3 4.5 -1.0 8.2 .3 -1.4 1.2 7.7 -.2 .1 2.3 11.8 .1 .4 1.7 5 6 7 8 9 10 11 12 13 O.S. Treasury securities O.S. Govt, agency secur. State • local obligations Open-aarket paper Biscellaneous 761 6,561 -135 459 6,688 7,625 9,431 -113 620 7,956 5,021 9,945 12 466 2,115 7,530 6,300 -2 395 559 -429 8,400 2 1,380 3,212 2,151 3,200 10 1,392 2,955 -1.6 1.2 .3 -.2 2.3 .6 4.1 1.0 .9 1.9 4.9 .7 -.3 -.1 2.9 -1.0 4.9 e -.3 1.8 • 4.6 .1 .4 4.6 9 10 11 12 13 11,433 10,204 1,590 18,601 20,891 -12 29,279 30,719 3,540 27,462 20,900 2,723 31,246 26,154 3,534 26,790 19,471 6,740 23.7 16.0 1.5 39.5 42.8 .1 49.7 50.2 -.1 61.1 50.9 1.9 -2,702 20 -966 -1,756 -3,931 -66 -2,224 -1,641 -6,023 9 -47 -5,985 -1 17 1,205 -1,223 211 8 1,134 -931 566 -525 1,091 6.2 -.4 6.7 -4.2 .1 -.3 -4.0 -1.7 .1 .2 -2.0 6.9 1.2 1.4 4.3 3 2,338 -8 1,661 -11 1,054 -6 3,846 -17 1,364 -13 26 .1 -.1 .1 .7 .2 1.1 .2 1.2 14 let increase ia liabilities Deposits 15 Security It's 16 17 18 19 20 Credit aarket instrunents Corporate bonds Bank loaas n.e.c. Fed. hone loan bank loans 21 22 Profit taxes payable Biscellaneous liabilities 23 Discrepancy 24 Heaos leg.of credit akt.inst. 59.6 14 44.2 15 2.1 16 13.5 .7 .3 12.5 17 18 19 20 .2 21 -.3 22 662 118 516 328 -305 -404 .1 * -.2 -.5 -.2 23 2,027 9,302 18,571 25,754 28,105 23,754 19.5 35.1 49.0 60.1 56.7 24 Butual. Savings Banks 1 Current surplus 2 let acg. of financial assets Deaand deposits and currency 3 Tiae deposits 4 Fed. funds and security BP’s 5 -197 -75 -205 58 -26 133 .5 .4 .4 .7 .9 1 1,341 474 147 -191 596 -136 360 -1,015 4,617 -473 102 435 3,161 -10 -314 -438 4,066 -652 -12 -88 4,759 298 -458 1,012 3.8 • .2 -.3 11.5 .1 .1 -.1 13.8 • .4 12.5 • 10.9 1.0 .3 • 2 3 4 5 .6 6 7 8 9 10 11 Corporate eguities Credit aarket instrunents O.S. Treasury securities 0.3. Govt, agency secur. state * local obligations Corporate bonds -116 165 -150 114 -49 -314 -111 1,176 343 311 279 112 79 4,193 1,844 1,124 -67 1,063 60 3,782 785 1,798 -146 1,121 72 4,129 772 1,641 -13 420 134 3,603 356 882 -44 95 •2 3.1 —.4 .2 • .9 .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 12 13 14 15 Mortgages Consuner credit Coaaercial paper Biscellaneous assets -364 251 677 862 -383 166 348 322 -216 214 231 281 185 191 -152 81 829 366 114 617 1,156 325 833 170 2.2 .2 .1 .5 2.3 .2 .1 .6 4.4 .3 .4 .4 6.5 .5 « .3 16 let increase in liabilities Deposits 17 Biscellaneous liabilities 18 1,588 1,519 69 593 1,714 -1,121 4,510 4,903 -393 2,928 2,555 373 3,762 2,192 1,570 4,238 5,646 -1,408 3.4 3.1 .3 11.0 11.2 -. 1 13.1 13.0 .1 11.5 11.1 .4 10.0 16 8.6 17 1.4 18 50 -78 -312 -175 -330 -388 .1 -. 1 -.2 -.3 -. 1 19 19 Discrepancy .1 6 8.8 7 —.9 8 1.7 9 .5 10 .1 11 6.5 .7 .2 .7 12 13 14 15 Credit Onions 1 Current surplus 118 119 114 113 110 108 .3 -3 .4 -5 .6 1 2 let acg. of financial assets 3 Deaand deposits and currency 4 Tine deposits 5 Savings and loan deposits 2,120 20 -983 3,117 19 321 5,858 19 1,170 5,478 18 14 198 2,634 18 12 -1,976 2,319 17 23 72 3.3 ♦ •2 .4 5.8 -. 1 .5 • 6.4 -.1 -.2 .1 8.2 .1 .1 .8 6.9 .1 • -.5 2 3 4 5 6 7 8 9 3,083 1,993 126 964 2,777 2,244 126 407 4,669 4,714 127 -172 5,248 3,550 127 1,571 4,580 1,981 128 2,471 2,207 -269 128 2,348 2.7 .4 .1 2.3 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 6 7 8 9 2,002 2,998 5,744 5,365 2,524 2,211 3.0 5.5 6.0 7.7 6.4 10 Credit aarket instrunents O.S. Goveraaent securities Bone nortgages Consuner credit 10 Credit onion shares IT/83 B1S1D OM PBBLIB1I1BI 410 IBCOBPLBTB IIFOBB1IIOI FBBBDABT 22, 1984 Savings Institutions Savings Institutions Sector Statenents of Saviag aad Investaent 23 SEASOIALLT ADJUSTED AIIOAL BATES SIASOIILLI ADJUSTED AIIOAL BATES 1979 1980 1981 1982 1983 1 1982 I HI IT I I 1983 I II IT HI Savings and Loan Associations 1 1 3-3 1.4 -3.7 -2.9 1.0 -1.6 -.8 1.6 .6 .8 2 3 4 56.6 41.2 3.7 52.6 28.7 2.6 35.8 18.3 -.2 55.3 -23.5 3.3 115.6 44.1 6.3 42.0 -37.2 5.3 65.4 -36.3 4.6 122.2 17.2 6.2 110.7 36.3 6.4 129. 1 61.0 4.8 5 8 7 8 8.6 .5 -2.2 2.5 21.3 .5 2.5 -.7 17.7 1.0 -.7 4.2 75.4 1.9 7.2 .4 65.2 3.6 1.2 5.7 73.9 1.7 6.4 3.0 97.1 2.8 7.2 -6.0 98.8 5.1 4.0 20.6 68.0 3.3 3-0 -3.1 63.3 3.3 -1.6 5.0 30.8 2.7 -.5 .4 9 10 11 12 13 -2.9 3.9 -.1 .7 6.3 5.7 8.1 * 1.5 3.7 -3.5 6.6 .1 1.2 8.8 7.5 29.8 -.5 2.7 26.4 14.3 27.8 • 3.6 8.8 6.4 27-6 -.5 2. 1 27.2 22.5 38.1 -.5 3.1 30.0 19.9 38.6 a 1.0 9.3 36.1 24.1 a 1.4 3.2 2.5 35.7 a 5.8 12.7 -1.4 13.0 a 6.3 10. 1 14 15 18 53.0 39.1 .5 51.9 41.8 2.1 40.8 20.0 3.0 59.6 45.5 3.8 114.8 97.2 16.5 46.3 48.5 6.4 67.5 67.1 a 121.9 119.7 14.2 111.3 97.8 10.9 127.2 113.8 14.1 17 18 19 20 12.6 1.4 2.0 9.2 7.4 .4 -.1 7.1 15.5 -.5 -.2 16.2 -3.0 • -3.8 .8 -5.2 « 1.8 -7.0 -18.3 .1 -6.8 -11.6 -12.1 -.3 -5.9 -6.0 -15.0 a -.7 -14.4 -6.6 .1 4.7 -11.4 -7.3 a 1.1 -8.4 7.9 1.9 6.0 Credit aarket instruaents Corporate bonds Baak loans n.e.c. Fed. hoae loan bank loans 17 18 19 20 21 22 -.2 1.1 -.3 .9 -.3 2.6 • 13.3 a 6.3 a 9.8 a 12.6 -. 1 3.1 a 9.2 -. 1 6.5 a 6.3 Profit taxes payable Hiscellaneous liabilities 21 22 23 -.3 .7 1.2 1.4 .1 2.7 1.3 1.2 1.2 -1.2 24 49.4 46.6 22.6 19.4 96.2 3.6 31.6 83. 1 104.2 109.8 1.0 Current surplus 100.4 let acg. of financial assets 61.7 Hortgages 8.0 Consuaer credit Other assets Deaand deposits ♦ currency Tiae deposits Fed. fands a security BP's O.S. Treasury secarities U.S. Govt, agency secur. State ♦ local obligations Open-aarket paper Hiscellaneous 98.7 let increase in liabilities 57.6 Deposits 27.0 Security BP's -.6 Discrepancy 87.6 Heao: 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 23 Acg.of credit akt.inst. 24 Hutual Savings Bants 1 .7 -.4 -1.2 -.9 • -.8 -.3 -.8 .2 -.1 5.5 1.5 .6 -. 1 3.9 -2.1 1.4 -.9 15.9 -.4 .4 -1.9 13.6 .5 -1.3 -1.8 16.5 -3.2 .5 Current surplus 20-5 let acg. of financial assets Deaand deposits and currency -.2 -1.8 Tine deposits 7.0 Fed. funds and security BP's 1 2 3 4 5 2 3 4 5 5.2 -.3 -.3 .9 8.2 1.1 • .6 4.2 1.2 -. 1 1.5 4.4 .1 1.4 V 16.6 -.8 -.7 .9 6 7 8 9 10 >1 -.1 4.4 -.2 1.3 -.4 -1.1 -.5 5.9 .8 2.5 -.5 .7 -.6 .9 -.2 1.2 -. 1 -1.0 -.5 .6 .7 1.2 -2 -1. 1 .3 15.7 3.8 5.4 -.3 2.7 -.5 .4 -.2 .4 -.2 -1.3 —.4 4.2 2.0 .3 1. 1 .4 .3 15.8 5.9 5. 1 -.3 4.3 .2 16.7 3.4 7.9 -.6 4.5 .3 16.5 3.7 6.4 -. 1 1.7 -5 13.9 2.0 2.4 -.2 .4 12 13 14 15 3.6 .1 1.1 .5 •6 .4 1.5 1.0 -.4 • 1.5 1.2 -2.6 .6 1.6 2.7 2.0 1.1 1.0 1.1 -2.0 1.0 2.7 3.5 -2.3 .7 2.0 1.7 -.2 .9 .1 1.7 1.3 .8 -.5 -.8 2.8 1.5 .5 2.5 3-9 1.3 4.0 1. 1 16 17 18 4.6 3.4 1.2 8.3 7.5 .8 5.5 3.0 2.6 5.0 5.3 -.3 15-4 15.3 .1 5.9 7.9 -1-9 3-6 4.8 -1.2 16.4 19.4 -2.9 12.5 11.0 1.5 14.6 10.8 3.8 18.2 Bet increase in liabilities 20.0 Deposits -1-8 Hiscellaneous liabilities 16 17 18 19 ♦ -.2 .2 -.2 -1.2 -.3 -.6 -.2 -.8 -2.0 -1.7 Discrepancy 19 V .5 Corporate eguities Credit aarket instruaents U.S. Treasury securities U.S. Govt, agency secur. State * local obligations Corporate bonds 6 7 8 9 10 11 Hortgages Consuaer credit Coaaercial paper Hiscellaneous assets 12 13 14 15 Credit Unions .4 Current surplus 1 .3 .2 .4 .5 .4 .5 .5 .5 .5 .4 2 3 4 5 4.8 .2 * 1.8 8.5 .1 2. 1 3.9 3.5 .1 -.7 .4 11-7 -1 1.1 16.3 .1 • -.5 12.7 .1 2.6 12-4 .1 .2 20.3 .1 - ♦ 20.8 .1 .1 -.3 15.5 .1 * -.4 8.5 let acg. of financial assets .1 Denand deposits and currency .1 Tiae deposits - 1.4 Savings and loan deposits 2 3 4 5 6 7 8 9 2.8 • .6 2.2 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 10.0 8.0 .5 1.5 12.1 9.0 .5 2.6 20.2 18.9 .5 .9 21-0 14.2 .5 6.3 15.8 7.9 .5 7.3 9.8 -1. 1 .5 10.4 Credit narket instruaents U.S. Governnent securities Bone aortgages Consuaer credit 6 7 8 9 10 4.4 8.3 3.1 11.2 15.8 12.2 12.0 19-8 20.4 15.0 BILLIOBS OF DOLLABS. IT/83 BASED 01 IVCOHPLBTE IIPOBHATIOI. 8.1 Credit union shares 1 10 PBBBOABT 22, 1984 Insurance and Pension Punds Insurance and Pension Punds Sector Stateaents of Saring and Inrestaent OBADJOSTBD BBT FLCBS<$ HILI) OBADJOSTBD IBT PLOWS(8 HILL) 1982 III If I | 1983 I II III If 1974 BILLIOBS OP DOLLABS 1975 1978 1977 1978 Life Insurance Coapanies 1,887 781 1,662 1,220 1,863 1,202 1,920 997 2,054 889 2,143 1,074 3. 1 1.6 2.5 2.3 2.8 2.0 3.6 1.9 4.3 2.2 1 2 3 Bet acg. of financial assets Deaand deposits and currency 4 15,105 808 14,819 740 17,393 -1,290 16,652 336 15,839 -236 14,402 1,178 16.6 -.1 20.4 -.1 28.2 •1 31.2 .1 35.7 .2 3 4 5 8 7 8 9 Corporate eguities Credit aarket instruaents O.S. Gorernaent securities Treasury issues Agency issues 1,888 10,535 3,351 2,303 1,048 200 11,827 4,841 3,623 1,218 2,291 14,353 3,311 2,708 603 1,567 12,714 2,810 1,904 906 496 13,526 3.790 1,993 1,797 300 10,881 3,926 1,866 2,060 2.3 12.9 .1 -. 1 .2 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 5 6 7 8 9 10 11 12 13 14 15 State ♦ local obligations Corporate boads Bortgages Open-aarket paper Policy loans Biscellaneous assets 416 3,527 865 1,324 1,052 2,074 538 5.032 1,515 -640 541 2,052 417 5,502 1,112 3,440 571 2,039 891 6,025 1,694 912 382 2,035 384 4,358 2,631 2,112 251 2,053 -39 2,772 2,836 1,051 335 2,043 .3 4.0 4.9 1.1 2.7 1.4 .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 9.4 1.5 2.6 2.4 10 11 12 13 14 15 13,925 3,638 8,563 21 1,703 15,256 3,687 9,833 3 1,733 16 ,567 4,119 10,705 -3 1,746 15,339 3,814 9,779 -5 1,751 14,584 3,865 8,963 -24 1,780 14,109 3,933 8,416 -26 1,786 15.6 6.6 6.4 * 2.6 19.8 8.5 8.1 -.1 3.3 27.6 8.2 15.3 .1 3.9 31.1 11.3 14.9 .4 4.6 35.1 11.7 18.3 .3 4.8 16 17 18 19 20 -274 879 -165 -390 -90 776 .5 -.4 .2 1.5 1 Current surplus 2 Physical inrestaent 18 Bet increase in liabilities Life iesurance reserres 17 Pension fuad reserres 18 Profit taxes payable 19 fliscellaneous liabilities 20 21 Discrepancy 1.6 21 Prirate Pension Fuads 1 Bet acg- of financial assets 2 Deaand deposits and currencyr 3 Tine deposits 6,894 23 158 7,417 23 -1,000 8,843 23 -1,000 7,696 23 -1,436 8,120 23 -91 8,169 23 215 10.7 • 2.7 11.8 .1 -1.3 11.2 .1 -.1 18.7 .1 2.5 15.9 .1 5.5 1 2 3 Corporate eguities Credit aarket instruaents 0-S. Gorernaent securitiesI Treasury issues Agency issues 2,529 4,084 3,329 1,818 1,511 5,738 2,556 1,505 484 1,021 5,701 4,019 2,936 1,452 1,484 4,571 4,438 2,916 2,220 696 2,349 5,739 4,841 3,357 1,484 2,795 5,036 4,395 3,224 1,171 2.3 5.6 1.1 -.2 1.3 5.8 7.0 5.2 4.5 .7 7.3 3.6 3.9 3.7 .3 4.5 12.2 5.4 4.8 .6 1.9 8.3 2.1 1.6 .5 4 5 6 7 8 853 -98 100 840 211 100 755 328 100 1,282 240 100 648 250 100 341 300 100 4.5 • .1 1.8 * .2 -.3 • .2 6.6 .1 -.5 4 5 6 7 8 9 10 11 corporate Bonds Bortgages Biscellaaeous assets 5.9 9 .3 10 . 1 11 State aad Local Gorernaent Enployee Betirenent Fuads 1 Bet acg. of financial assets 2 Deaand deposits and currencyF 6,548 -19 10,324 107 12,012 632 11,486 -138 6,975 37 8,505 11 9.7 .5 11.3 — .4 12.9 • 15.9 .3 20.7 1.0 1 2 3 4 5 8 7 Corporate eguities Credit aarket instruaents 0-S. Gorernaent securitiesI Treasury issaes Agency issues -663 7,230 6,904 2,704 4,200 4,528 5,689 3,815 -164 3,979 4,512 6,868 4,670 3,701 969 2,877 8,747 5,931 2,134 3,797 5,744 1,194 2,696 2,587 109 4,220 4,274 3,160 2,121 1,039 2.6 6.7 .3 -.9 1.2 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 3 4 5 6 7 8 9 10 State ♦ local obligations Corporate bonds Bortgages -202 62 466 -258 2,027 105 -607 2,641 164 219 2,481 116 -72 -1,490 60 22 892 200 -.7 6.5 .6 1.0 6.8 -.2 1.4 5.1 .2 .2 6.0 .3 .4 8 9.0 9 .5 10 Other Insurance Coapanies 862 712 818 814 838 672 • -.7 .9 4.6 4.6 1 2 let acg. of financial assets 3 Deaand deposits and currencyf 4,467 1,473 4,047 1,486 4,652 750 3,351 506 4,607 419 4,273 -28 4.7 .1 7.3 .1 14.9 .2 20.2 .3 20.4 .4 2 3 4 5 8 7 8 699 1,776 1,518 848 670 707 1,337 938 327 611 718 2,673 2,200 1,299 901 731 1,613 1,197 450 747 741 2,950 2,620 2,158 462 754 3,059 2,838 2,103 735 -.5 4.6 .4 • .4 -.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 4 5 6 7 8 478 -281 61 519 455 -118 62 517 422 -12 63 511 379 -25 62 501 256 11 63 497 196 -38 63 488 2.2 2.0 « .5 2.6 2.2 .1 .6 5.4 3.9 .1 1.2 10.7 3.7 .1 1.3 13.5 9 1.8 10 • 11 1.5 12 3,407 779 8 2,620 3,434 761 2,673 3,481 761 -1 2,721 3,542 778 -2 2,766 3,502 769 -8 2,741 3,572 783 -7 2,796 5.8 .9 • 4.9 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 -198 99 -353 1,005 -267 -29 1.1 -.9 -2.8 -1.5 1 Current surplus 9 10 11 12 Corporate eguities Credit aarket iastruaeats O.S. Gorernaent securitiesI Treasury issues Agency issues State ♦ local obligations Corporate boads Coaaercial aortgages Trade credit 13 Bet increase in liabilities 14 Corporate eguity issues 15 Profit taxes payable 18 Policy payables 17 Discrepancy If/83 BASED OB PBBLIHIBABI ABD IBCOBPLETE IBFOBHATIOB 13 14 15 16 -.7 17 FEBBUABI 22, 19 84 Insurance and Pennica roads Insurance and Pension Ponds 25 Sector stateaents of Saving aad Investaent SBASOHALLI ADJUSTED A1H0AL BATES 1979 1980 1981 SEASONAL!! ADJUSTED ABHUAL BATES 1982 1983 | 1982 | III IV 1 | 1983 1 II III IV Life Iasurance Coapanies 1 2 4.9 3.0 6.3 3.9 7.7 5.3 6.9 4.6 8.0 4.2 6.7 3.1 6.6 4.9 7.5 4.8 7.7 4.0 8.2 3.6 3 4 37.8 .3 37.4 .5 45.9 1.1 55.3 .3 64.3 « 59.1 2.1 62.1 -.6 69.5 1.6 64.8 -.4 62.5 -2.5 60.3 Bet acq. of financial assets 1-3 Deaand deposits aad currency 3 4 5 6 7 8 9 .6 33.4 2.9 .1 2.8 .5 32.8 2.7 1.0 1.8 2.9 34.7 5.5 2.3 3. 1 3.4 43.4 12.7 8.4 4.3 4.7 51.5 13.8 8.5 5.4 6.8 42.0 14.2 10.0 4.2 .8 53.7 18.1 13.3 4.9 9.2 50.6 11-2 8.8 2.4 6.3 50.8 13.9 10.2 3.6 2.0 54.9 16.2 9.0 7.2 1.2 49.7 14.1 5.8 8.2 Corporate equities Credit aarket inatruaeats U.S. 6overaaent securities ireasery issues Agency issues 5 6 7 8 9 10 11 12 13 14 15 • 11.6 12.6 1.6 4.7 3.5 -3 8.7 12.3 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 1.7 18.7 8.3 7.5 1.5 8.2 1.8 16.8 4.3 .7 4.2 8.3 2.1 23.4 3.8 4.1 2.2 8.2 1.5 18.8 5.1 11.7 2.3 8.2 3.5 20.5 7.2 4.2 1.5 8.1 1.8 20.6 11.4 3.9 1.0 8.2 -.2 14.8 9.4 10.3 1.3 8.2 State ♦ local obligations Corporate bonds Bortgages open-narket paper Policy loans Biscelianeous assets 10 11 12 13 14 15 16 17 18 19 20 35.1 12.3 17.5 • 5.3 35.5 11.4 20.6 —.4 3.8 46. 1 9.9 28.6 -.5 8.2 53.7 13.9 32.7 * 7.0 60.6 15.7 37.9 -.1 7.1 55.7 14.6 34.3 .1 6.8 61.0 14.7 39.3 v 6.9 66.3 16.5 42.8 ♦ 7.0 61.4 15.3 39.1 a 7.0 58.3 15.5 35.9 -.1 7.1 S6.4 Bet increase in liabilities 15.7 Life insurance reserves Peasioa fund reserves 33.7 Profit tares payable -.1 7.1 Biscelianeous liabilities 21 -.7 .5 2.6 .7 .1 .2 .7 -.6 .3 .4 8.6 current surplus 4.3 Physical investaent .4 Discrepancy 1 2 16 17 18 19 20 21 Private Peasioa Ponds 1 2 3 14.0 .1 -1.4 22.3 .1 1.4 22.4 .1 1.8 26.6 .1 — 2.8 32.8 .1 -2.3 27.9 .1 •6 30.8 .1 -4.0 32.8 .1 -4.0 31.2 .1 -5.7 33.3 .1 -.4 34.1 Bet acq. of financial assets Deaand deposits and currency .1 Tiae deposits .9 1 2 3 4 5 6 7 8 6.1 8.8 2.8 1.9 .8 9.6 10.8 5.8 4.7 1.2 7.3 12.8 9.1 6.5 2.6 11.5 17.4 13.6 8.2 5.3 15.4 19.2 15.1 10.3 4.8 12-1 14.8 11.6 6.2 5.5 21.1 13.2 9.0 3.6 5.4 22.4 13.9 9.3 4.2 5.1 18.1 18.3 12.6 9.6 3.0 12.0 21.2 17.$ 12.5 5.0 9.2 23.5 21.0 14.7 6.3 Corporate equities Credit aarket instruaents O.S. Governaent securities Treasury Issues Agency issues 4 5 6 7 8 9 10 11 5.7 .3 .4 4.4 .6 .4 3.6 .1 .4 3.5 .4 .4 3.0 1.1 .4 3.4 -.3 .4 3.4 .8 •4 3.0 1.5 •4 5.1 .6 .4 2.6 1.1 .4 1.4 1.2 .4 Corporate bonds Bortgages Biscelianeous assets 9 10 11 State and Local Goveraaeat Eaployee Retireaent Ponds 1 2 16.2 1.3 26.5 .3 31.0 .2 35.2 1.0 39.0 .5 26.2 -. 1 41.3 .4 48.0 2.5 45.9 -.6 27.9 .1 34.0 Bet acq. of finaacial assets • Deaand deposits aad currency 1 2 3 4 5 6 7 4.1 10.8 6.6 5.3 1.4 5.3 20.9 9.9 6.2 3.7 8.3 22.5 10.7 6.6 4. 1 7.7 26.5 18.3 7.4 11.0 17.4 21.1 16.5 10.5 5.9 -2.7 28.9 27.6 10.8 16.8 18.1 22.8 15.3 -.7 15.9 18.0 27.5 18.7 14.8 3.9 11.5 35.0 23.7 8.5 15.2 23.0 4.8 10.8 10.3 .4 16.9 17.1 12.6 8.5 4.2 Corporate equities Credit aarket instruaents U.S. Goveraaeat securities Treasury issues Agency issues 3 4 5 6 7 8 9 10 * 3.2 1.0 .1 9.5 1-3 -.2 10.2 1.8 -.5 7.4 1.3 -.4 4.5 .5 -.8 .2 1.9 -1.0 8.1 .4 -2-4 10.6 .7 .9 9.9 .5 -.3 -6.0 .2 .1 3.6 .8 State ♦ local obligations Corporate bonds Bortgages 8 9 10 Other Iasaraace Coapanies 2.7 Current surplus 1 4.3 5.8 4. 1 2.8 3.1 3.4 2.8 3.3 3.3 3.4 2 3 18.8 .3 15.0 .1 14. 1 .1 15.6 3.9 16.9 1.6 16.3 5.9 16.0 5.9 16.8 3.0 16.8 2.0 16.8 1.7 17.1 Bet acq. of financial assets Deaand deposits aad currency -.1 2 3 4 5 6 7 8 3.2 13.4 1.3 -2 1.1 3.1 9.9 1.8 1.6 .2 2.0 9.4 2.2 1.4 .8 2.7 6.9 4.0 1.5 2.5 2.9 10.3 8.9 6.0 2.8 2.8 5.6 4.5 1.8 2.7 2.8 5.2 3.6 1.2 2.4 2.9 8.9 7.0 3.4 3.6 2.9 9.9 8.2 5.2 3.0 3.0 10.2 8.8 7.0 1.8 3.0 12.3 11.4 8.5 2.9 Corporate eguities Credit aarket iastruaeata u.s. Governaent securities Treasury issues Agency issues 4 5 6 7 8 9 10 11 12 9.9 2.0 .3 1.9 7.7 • .3 2.0 4.0 2.8 .4 2.6 3.0 -.5 .3 2.1 1.3 -.1 .3 2.0 1.9 -1. 1 .2 2. 1 1.8 -.5 .2 2.1 1.7 • .3 2.0 1.5 -.1 .2 2.0 1.0 ♦ .3 2.0 .8 -.2 .3 2.0 13 14 15 16 15.6 .9 ♦ 14.7 13.4 1.2 -.2 12.4 11.8 1. 1 -.2 10.8 13.4 2.8 « 10.6 14.1 3.1 * 11.0 13.6 3. 1 « 10.5 13.7 3.0 ♦ 10.7 13.9 3.0 e 10.9 14.2 3.1 « 11.1 14.0 3.1 a 11.0 17 1.1 4.2 1.8 .6 .4 .8 •6 .4 .6 .6 BILLIONS OF DOLLABS. IT/83 BASED ON IBCORPLETE IBPOBBATIOB. State ♦ local obligations Corporate bonds Coaaercial nortgages Trade credit 14.3 Bet increase in liabilities Corporate equity issues 3.1 « Profit taxes payable Policy payables 11.2 -.2 Discrepancy 1 9 10 11 12 13 14 15 16 17 FBBBOABI 22, 1988 Finance 1.1.x. Piaaace l.E.C, 26 Sector Statenents of Saving aad Iavestaeat OIAOJOSTBD IBT FLOSS(J BILL) UIADJ05TM IBI PI CIS (1 UU) 1982 III 1 Correct surplus of group -553 IT -1,195 1 1 1983 I -1,387 II III -883 -1,312 IT 1978 -1,898 BILLIOBS OP DOLLABS 1975 1978 1977 1978 -.7 -1.3 -.8 -2.2 -.9 1 1 2 3 8 5 6 Piaaace Coapaaies 1 let acg. ot finaacial assets Deaaad deposits aad currency 2 Credit aarket instruaents 3 Bortgages 8 Consuaer credit 5 Other loaas (to bosiaess) 8 7 Bet increase in liabilities credit aarket iastroaeats 8 Corporate boads 9 Bank loans n.e.c. 10 11 Open-market paper 12 13 18 Profit taxes paTable lav. by parent coapanies Other else, liabilities 200 25 175 200 858 -881 1,893 28 1,869 825 2,946 -1,502 667 23 688 225 -1,109 1,528 5,542 22 5,520 350 2,018 3,152 3,547 21 3,526 375 937 2,214 13,359 20 13,339 800 2,970 9,969 5.1 .2 8.9 -1.9 H9 8.8 2.9 .2 2.6 -1.3 .2 3.7 11.9 .2 11.7 -.8 3.4 8.6 22.7 .2 22.5 1.2 7.8 13.5 28.1 •2 28.0 .9 11.6 11.5 -385 -782 829 878 -1,887 751 635 1,218 3,891 -8,070 919 -847 1,622 -1,593 -876 6,901 5,859 3,581 -2,872 8,350 3,552 2,539 3,179 -1,647 1,007 11,178 9,637 3,788 931 4,962 6.6 6.0 1.8 .7 3.6 5.1 .5 2.7 -2.8 .6 12.7 8.3 3.1 -2.1 3.3 23.6 16.9 7.8 .7 8.8 23.5 7 18. 1 8 6.8 9 3.9 10 7.8 11 1 299 97 -8 108 16 -2 1,280 88 -1 1,232 211 -3 797 219 -2 1,206 337 .7 -.1 3.8 1.2 6.8 2.1 .1 -.5 7.1 . 1 12 2.7 13 2.6 18 1 leal Bstate iavestaeat leasts 1 Physical investaent 2 Bet acg. of financial assets Bortgages 3 Biscellaaeous assets 8 5 Met increase ia liabilities Corporate eguity issues 6 Credit aarket instruaents 7 Bortgages 8 Corporate bonds 9 Bank loaas a.e.c. 10 Open-market paper 11 12 Biscellaneous liabilities 66 66 66 66 66 66 1.1 3.0 1.6 .2 89 -77 126 48 -73 121 89 — 89 49 -75 124 49 -75 128 49 -100 189 .5 .2 .4 -3.6 -8.8 1.2 -4.1 -3.8 -.3 -3.2 -2.8 -.8 -1.4 -1.1 -.3 176 162 18 29 -5 21 -31 184 171 13 29 -5 20 -31 178 160 18 28 —8 20 -30 179 165 14 28 -3 18 -29 173 159 18 27 -1 15 -27 172 158 18 27 12 -25 1.4 -.9 1.5 .2 .2 8.4 -3.3 « -1.1 -.1 .8 — -.6 .1 -2.0 -.3 -1.9 .4 -.2 -1.9 -.3 -2.8 .6 -2.5 a -.1 -2.8 a -1.0 5 .6 6 -1.8 7 .1 8 -.2 9 -1.8 10 . 1 11 - - - - - - .8 1.3 .2 -.5 -. 1 12 2 3 4 Open-Bad Iavestaeat Coapanies (Butual Fuads) -30 -688 -1,389 -677 -1,404 -1,799 -.9 -.1 -.1 -.7 -.8 1 2 Bet acg. of fiaancial assets Deaand deposits and currency 3 6,192 147 5,138 197 10,241 204 7,069 250 4,971 69 5,020 38 .1 -.2 -.4 .1 -2.5 .1 .2 a -.9 a 2 3 4 5 6 7 8 9 1,184 8,861 699 8,405 746 -989 1,876 3,065 493 2,942 -70 -300 3,012 7,025 -127 5,847 687 1,058 4,325 2,894 1,062 327 787 318 3,760 1,182 -835 1,608 122 -153 2/898 2,884 113 1,560 1,247 -436 -.4 .7 .8 — .6 — .8 -.9 .5 • .7 -.2 -2.4 -.2 • .5 •3 -1.1 -3.7 3.9 .2 1.6 1.1 1.1 -1.6 .8 -.2 .5 -.7 1. 1 4 5 6 7 8 9 6,222 5,822 11,630 7,786 6,375 6,819 .9 -.3 -2.4 .9 -. 1 10 1 current surplus Corporate eguities Credit aarket instruaents O.S. Governaent securities State ♦ local obligations Corporate boads Open-aarket paper 10 let share issaes Boney fiarket Hutual Funds -1,625 -281 -1,553 2,749 246 -858 668 -867 -1,770 2.021 2.4 — 1.6 .1 - 1.3 a .5 .1 - « • -.7 • - .2 a .3 .1 a 6.9 a 2.7 .1 -5 1 2 3 8 5 -7,266 -10,769 14 -15.262 -7,280 4,893 -201 218 -2,809 -5,278 2,465 23 -511 2,118 -2,629 -395 .8 .1 .6 -.1 .7 .8 -. 1 • .6 .2 .4 • -.1 -.3 .1 -. 1 3.2 .6 2.6 .5 6 7 8 9 22,025 -17,013 -26,296 -15,680 -1,625 -454 2.8 1.3 a .2 1 let acg. of financial assets Deaand deposits aad currency 2 Tiae deposits 3 4 Security BP's 5 Foreign deposits 22,025 -17.013 -26,296 -15,680 -867 -799 1,015 -138 5,601 -9,752 -10,867 -8,265 2,168 -2,682 -2,986 -1,188 -385 980 -4,577 862 6 7 8 9 14,249 17,669 -3,820 -623 credit aarket instruaents O.S. Governaent securities Open-aarket paper Biscellaneous 10 Met share issues -8.827 1,260 -5,687 -625 6.9 10 Security Brokers aad Dealers 1 Met acg. of finaacial assets Deaand deposits aad currency 2 3,891 508 5,599 323 -2,269 168 8,080 41 -2,083 -128 6,331 -259 -3.0 -.1 3.2 • 8.8 .2 .9 a .2 .2 1 2 Corporate eguities Credit aarket instrunents O.S. Governaent securities State ♦ local obligations Corporate bonds Security credit 284 2,026 1,500 282 284 713 1,228 -196 -1,265 -159 1,228 8,288 -334 -8,333 -8,252 253 -338 2,230 2,578 -5,624 -8,002 -200 2,578 7,045 -1,808 -2,511 -1,003 300 -1,808 2,408 -362 466 828 -362 6,886 -.6 -.8 .2 -.4 -.6 -1.6 1.2 1.0 -.1 -.1 1.2 1.0 .5 3.1 2.8 .3 .5 8.6 .2 -.3 -.7 .2 .2 1.0 —.4 -1.3 -.8 -.2 -.4 1.6 3 4 5 6 7 8 3,188 3,139 1,235 1,904 5,258 5,175 3,240 1,935 -2,369 -2,425 -3,226 801 3,940 3,872 2,876 996 -2,143 -2,241 -2,572 331 6,321 6,184 5,023 1,161 -3.0 -2.9 -1.9 -1.0 2.9 2.9 2.2 .6 8.0 7.9 6.5 1.5 .8 .9 1-9 -1.0 a 9 a 10 -2. 4 11 2.5 12 49 83 56 68 98 137 -.1 • .1 -.1 a 13 3 8 5 6 7 8 9 let increase in liabilities 10 Security credit 11 Froa banks Custnaer credit balances 12 13 Profit taxes payable IT/83 BAS1D Oil PBBLIBIIAIT AID IBCOBPLBTB IBPOBBATIOB FEBBOART 22, 1984 Finance N.E.C. Finance I.E.C. 27 Sector Stateaents of Saving and Investaent SBASOIALLI ADJUSTED AIIOAL BATES SBASOIALLI ADJUSTED ANNUAL BATES 1 1979 1980 1981 1982 1983 -2.5 -4.2 -4.4 -4.4 -4.8 I 1982 I III I I IF -3.4 1983 I II III IF -4.1 -3.3 -4.2 -6.6 -5.2 Current surplus of group 1 1 2 3 4 5 6 Finance Coapanies 1 2 3 4 5 6 27.3 .2 27.1 .8 16.2 10.1 13.9 -1 13.8 •6 9.8 3.4 26.2 .1 26.1 2.9 13.7 9.5 4.7 .1 4.6 1.1 4.9 -1.4 23.1 .1 23.0 1.4 4.8 16.9 10.4 .1 10.3 1.0 1.5 7.7 -6.8 .1 -6.9 2.7 6.9 -16.5 18.9 .1 18.8 -.3 7.2 11.9 13.4 .1 13.3 1.0 3.9 8.4 22.5 .1 22.4 2.0 2.8 17.6 37.7 let acg. of financial assets .1 Denand deposits and currency 37.6 Credit aarket instruaents 2.7 Bortgages 5.4 Consuner credit 29-5 Other loans (to business) 7 8 9 10 11 26.6 16.6 4.3 -1.0 13.3 14.0 6.3 5.4 1.4 -.5 25.5 14.1 -.8 1.0 13.9 7.1 4.9 1.2 6.9 -3.3 22.6 17.2 12.1 -4.8 9.8 7.7 6. 1 3.8 8.0 -5.7 -5.2 -5.6 3.0 6.9 -15.5 19.4 13.9 9.3 -3.7 8.3 13.2 7.5 13.0 -10.9 5.3 22.2 18.1 13.8 -.1 4.4 35.4 let increase in liabilities Credit aarket iaatruaents 29.3 Corporate bonds 12.3 -4.4 Bank loans n.e.c. 21.4 Opea-aarket paper 12 13 14 -.1 5.5 6.6 -.2 4.4 3.5 -.2 7.9 3.6 • 1.0 1.2 a 4.5 .9 a 1.2 .4 a .4 .1 a 5. 1 .4 a 4.9 .6 a 3.2 .9 4.8 1.3 Profit taxes payable lav. by parent coapanies Other nisc. liabilities 7 8 9 10 11 12 13 14 Beal Estate Investaent Trusts - - - .3 .3 -3 .3 .3 .3 .3 2 3 4 -.6 -1.0 .3 -1.7 -.7 -1.0 -.7 -1. 1 .4 .2 -.7 .9 .2 -.3 .4 .2 -.3 .5 .2 -.3 .5 .2 .2 .2 -.3 .5 .2 -.3 .5 .2 let acg. of financial assets -.4 Bortgages .6 Biscellaaeous assets 2 3 4 5 6 7 8 9 10 11 -.3 .9 -1.3 • • -1.4 .1 -1.5 .6 -2.2 -.1 -.2 -1.7 -.2 -.5 -.7 .2 -.5 -.7 1.5 V .7 .7 .1 .1 a .1 -.1 .7 .6 .1 .1 a .1 -.1 .7 .6 .1 .1 a .1 -. 1 .7 -7 .1 .1 a .1 -.1 .7 .6 .1 .1 a .1 -.1 .7 .7 .1 .1 a .1 -.1 .7 .6 .1 .1 a .1 -.1 .7 let increase in liabilities .6 Corporate eguity issues .1 Credit narket instruaents .1 Bortgages Corporate bonds a Bank loans n.e.c. -.1 Open-narket paper 5 6 7 8 9 10 11 12 ♦ .1 • - - - - - - - Hiscellaneous liabilities 12 1 .3 Physical investaent - 1 Open-End Investaent Conpanies <(Hutual Funds) 1 -.9 -2.0 -2.2 -2.1 -5.3 -1.3 -2.0 -3.3 -4.4 -7.0 -6.4 Curreat surplus 1 2 3 -.8 .1 3.1 .1 4.7 a 16.5 .3 27.3 .6 24.9 .6 19.8 .8 39.4 .8 30.4 1.0 20.0 .3 19.3 let acg. of financial assets .2 Denand deposits and currency 2 3 4 5 6 7 8 9 -2.8 1.9 • 1.4 •8 -.2 -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 13.6 13.1 .6 8.9 2.8 .8 4.9 19.4 2.8 17.6 3.0 -4.0 6.7 12.3 2.0 11.8 -.3 -1.2 10.5 28. 1 -.5 21.8 2.6 4.2 19.4 10.0 4.2 1.3 3.1 1.3 15.2 4.6 -1.7 6.4 .5 -.6 9.3 9.9 -5 6.2 5-0 -1.7 4 5 6 7 8 9 10 .1 5.2 6.8 18.6 32.6 26.2 21.8 42.7 34.8 27.0 25.8 let share issues -1.8 let acg. of financial assets 2.7 Deaand deposits and currency -1.9 Tiae deposits -7. 1 Security BP’s 8. 1 Foreign deposits 1 2 3 4 5 Credit aarket instrunents O.S. Governaent securities Open-aarket paper Hiscellaneous 6 7 8 9 Corporate eguities Credit aarket instruaents O.S. Governnent securities State ♦ local obligations Corporate bonds Open-aarket paper 10 Honey Harket Hutual Fuads 1 2 3 4 5 34.4 * 7.5 2.1 4.6 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 88.1 4. 1 22.4 8.7 -1.5 -68.1 -1.9 -39.0 -10.7 3.8 -105.2 -3.2 -41.9 -11.9 -18.3 -62.7 -.6 -17.1 -4.8 1.8 -6.5 -1.1 -6.2 11.0 1.0 6 7 8 9 19.8 4.2 15.6 .4 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 57.0 70.7 -13.7 -2.5 -17.7 5.0 -22.7 -2.5 -29.1 .1 -29.1 -.8 -43.1 -61.0 18.0 -9 -11.2 -21.1 9.9 .1 10 34.4 29.2 107.5 24.7 -44.1 88.1 -68.1 -105.2 -62.7 -6.5 -1.8 Net share issues -2.0 8.5 -10.5 -1.6 10 Security Brokers and Dealers 1 2 1.2 .9 7.0 .5 2.9 • 4.3 1.6 6.1 -.2 16.0 2.0 9.3 1.3 7.7 .7 11.6 .2 -6.0 -.5 10.9 Bet acg. of financial assets -1.0 Denand deposits and currency 1 2 3 4 5 6 7 8 -1.5 .6 1.9 .2 -1.5 1.1 .7 -.7 -1.4 e .7 6.5 2.8 2.4 —.6 .2 2.8 -2.3 —.4 -.1 .4 -.2 -.4 3.2 .1 -12.0 -12.4 •4 •1 18.2 2.0 9. 1 6.0 1. 1 2.0 2.9 -1.6 -7.3 -5.1 -.6 -1.6 17.0 7.1 -8.9 -17.0 1.0 7.1 8.9 8.0 -24.8 -32.0 -.8 8.0 28.2 -6.1 -8.9 -4.0 1.2 -6.1 9.6 -8.7 -5.4 3.3 3 4 5 6 7 8 9 10 11 12 1.2 1.1 -.8 1.8 6.2 6.0 .8 5.2 2.5 2.S 4.6 -2.1 3.4 3.2 -.1 3.3 5.7 5.4 2.1 3.3 14.8 14.6 7.0 7.6 8.0 7.7 7.7 7.3 7. 1 3.9 3.2 11-2 10.9 6.9 4.0 -6.4 -6.8 -8. 1 1.3 10.8 let increase in liabilities 10.4 Security credit 5.7 Froa banks Custoner credit balances 4.6 13 .1 .2 • .2 .4 .2 .2 .3 .3 .4 BILLIOIS OF DOLLABS. IF/83 BASED 01 IICOHPLETE IIPOBHATIOI. ♦ -8.7 25.9 .4 Corporate eguities Credit aarket instruaents U.S. Governaent securities state ♦ local obligations corporate bonds Security credit Profit taxes payable 9 10 11 12 13 PEBBOABX 22, 1984 Boaetary aad Insurance Beserves Honetary and Insurance leserves Poreign Exchange, Treasury Currency, Insurance Beserves, and Interbank Clains 28 OBADJOSTBD BBT FLOBS(S Hill) ____ III OBADJOSTBD BIT PLOIS(S Bill.) ____ 1982 IT 1983 I I I II III IT 1974 BILIIO13 OF DOLLIBS 1975 1976 1977 1978 Gold and Official Foreign Exchange Holdings (1) 1 Total O.S. reserves 797 1,950 610 -240 -648 771 1.5 .8 2.6 .4 -.7 1 2 O.S. gold stock and SOB's 3 O.S. Govt.: Bx. Stab. Fund 4 Hon ataxy authority (2) 434 435 -1 297 297 - 88 98 -10 296 303 -7 206 209 -3 -577 -570 -7 .2 .1 .1 • .1 -.1 .1 .1 * .2 .1 .1 -1.2 -1.3 .1 2 3 4 363 -98 -435 337 1,653 920 272 648 522 -1,611 -009 -802 -536 -747 -107 -640 -854 -943 -342 -601 1,348 -622 -589 -33 1.3 e • V .8 .3 .2 .1 2.5 .3 .2 .1 .1 -.2 e -.2 .5 4.7 3.1 1.6 5 6 7 8 461 453 8 733 732 1 2,133 2.115 18 211 235 -24 89 91 -2 1,970 1,980 -10 1.3 1.3 • .5 .4 .1 2.2 2.2 e .3 .3 • .9 1.0 • 1.2 1.4 -.2 .3 .6 -.3 5 O.S. foreign exchange position 6 Official fgn.currency bldgs. 7 Treasury 8 Honetary authority 9 10 11 Bet IBP position O.S. Governaent asset Boaetary aathority -4.2 9 -4.2 10 e 11 (1) Lines t, 2, and 3 exclude increases in SDB's through allocations, which occurred at various dates beginning January 1970. Transactions ia SDB's are included. Also excluded froa the table are revaluations of foreign currency holdings, gold, SDB's, and IBP position. Allocations and revaluations are reflected in tables on outstandings. (2) Treasary gold stock. Treasury Currency aad S.D.B. Certificates 1 Total 0.3. Govt, liability 2 Honetary authority asset 3 Onallocated assets 471 405 66 495 400 95 112 133 137 86 112 133 137 86 .4 .5 -.1 .5 1 .6 2 • 3 Insurance and Pension Fund leserves Life insurance reserves: 1 Bet change in liabilities 2 O.S. Governnent 3 Life insurance conpanies 3,645 7 3,638 3,704 17 3,687 4,131 12 4,119 3,828 14 3,814 3,879 14 3,865 3,947 14 3,933 6.7 .1 6.6 8.7 .1 8.5 8.4 .2 8.2 11.5 .2 11-3 12.0 .3 11.7 1 2 3 4 Bet change in assets (BH) 3,645 3,704 4,131 3,828 3,879 3,947 6.7 8.7 8.4 11.5 12.0 4 5 Bet change in liabilities 6 O.S. Governaent 7 Insurance sector Life insurance conpanies 8 9 Private pension funds St.«iloc. govt. rtr. funds 10 33,988 11,983 22,005 8,563 6,894 6,548 28,254 680 27,574 9,833 7,417 10,324 28,606 -2,954 31,560 10,705 8,843 12,012 31,278 2,317 28,961 9,779 7,696 11,486 36,626 12,568 24,058 8,963 8,120 6,975 27,226 2,136 25,090 8,416 8,169 8,505 29.6 2.7 26.8 6.4 10.7 9.7 34.9 3.7 31.2 8. 1 11.8 11.3 44.0 4.6 39.5 15.3 11.2 12.9 55.9 6.4 49.5 14.9 18.7 15.9 61.8 5 6.9 6 54.9 7 18.3 8 15.9 9 20.7 10 11 Bet change ia assets (hh) 33,988 28,254 28,606 31,278 36,626 27,226 29.6 34.9 44.0 55.9 61.8 11 Pension fend reserves: Bet Interbank Claias 1 Bet change ia liabilities Honetary authority 2 3 Heaber bank reserves 4 TanIt cash 5 6 7 8 9 10 11 12 Coaaercial banking To noaetary authority To foreign banks, net Liabilities, net B.S.-chartered banks Due fgn. affiliates -Due fr. affiliates ♦Br. loans to O.S. -10,030 -779 120 -899 1,679 -12,036 6,505 -4,316 6,171 -3,070 334 -1,246 5,852 -3.250 -5,415 2,165 7,861 -348 2,693 -3,041 10,708 4,039 749 3,290 .2 -.3 -1.2 1.0 -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 -9,251 -2,510 -13,270 -12.847 -7,333 -2,820 6,438 1,925 -4,826 -7,720 1,779 -158 -7,244 -8,546 -5,413 -7,867 -1,695 -13,915 -642 -1,325 723 13,259 669 -330 9,102 1,336 6,182 5,179 3,700 2,464 -617 619 8,209 -3,065 8,276 6,235 4,668 -3,305 -7,973 - 6,669 924 9,646 9,900 11,700 11,000 700 .4 -2. 1 V .9 -1.4 2.6 4.2 .2 -11.9 1.6 -9.8 -7.9 -7.1 -.8 6.3 .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 5 3.6 6 5.7 7 5.2 8 1.5 9 4.4 10 3.1 11 .3 12 1 2 3 4 13 14 15 Bgn. bkg. off. in O.S. Due fgn. affiliates Less: Due froa aff. -5,514 -1,429 4,085 -3,718 -651 3,067 6,048 3,278 -2,770 1,479 -4,726 -6,205 1,567 6,720 5,153 -1,800 2,200 4,000 2.2 4.5 2.3 -.9 .9 1.7 2.9 4.0 1.0 2.5 5.6 3.1 3.7 13 7.1 14 3.3 15 16 17 18 Less: Dep. at fgn. banks O.S.-chartered banks Fgn. bkg. off. in O.S. 423 762 -339 1,831 1,615 216 679 341 338 -1,003 75 -1,078 -2.041 -2,164 123 254 223 31 .9 .6 .2 1.9 1.3 .6 1.8 1.9 -.1 2.0 .4 1.6 -.5 16 -.9 17 .4 18 19 20 21 22 23 24 25 To O.S- banking, net O.S.-chartered banks Liabilities To doa. affiliates To fgn. offices Deallocated Less:Due froa fgn off. 6,529 -9,974 4,393 -4,593 2.457 6,529 14,367 639 -1.293 -3,005 -3,644 639 -1,712 984 -2,095 611 -373 984 2,706 1,584 2,903 -193 1,056 -2,833 1,584 -3,096 2,998 -557 9,088 2,646 3,444 2,998 9,645 -3,901 -2,490 -6,361 1,739 -4,199 -3,901 -3,871 2.5 3.2 10.4 3.3 4.6 2.5 7.2 -3.8 -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 26 Doaestic affiliates 27 28 29 Pgg. bkg. off. in O.S. Due to O.S. banks Less:Due froa O.S.bks. 30 Bet change in assets 31 Foreign 32 Doaestic Honetary authority 33 34 Federal Beserve float Loans to nenber banks 35 36 37 38 B.S.-chartered banks Beaber bank reserves Fault cash 39 Discrepancy: IT/83 BAS1D OB Floats, etc. 4,593 11,910 14,367 2,457 -16,559 -13,270 -3,289 -2,510 -1,995 -515 19 20 21 22 23 24 25 -1,056 -2,646 -1,739 -3.3 2.0 -.3 -1.6 -3.0 26 3,079 2,706 -373 -263 -3,096 -2,833 6,201 9,645 3,444 328 -3,871 -4,199 2.6 7.2 4.6 -1.6 -.1 1.5 -.9 3.9 4.8 -1.1 5.0 6.1 7.3 27 15.3 28 8.0 29 1,040 -13,020 -7,244 -8,546 8,284 -4,474 1,779 -158 2,185 -2,249 -406 2,091 4,268 6,182 -1,914 1,336 534 802 4,863 8,276 -3,413 -3,065 -1,080 -1,985 14,609 9,646 4,963 924 1,631 -707 -2.3 V -2.3 -2.1 -1.1 -1.0 -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 1,932 -1,712 -3,644 - 15.2 5.7 9.5 3.6 2.7 .9 30 31 32 33 34 35 -779 120 -899 6,505 6,171 334 -4,316 -3,070 -1,246 -3,250 -5,415 2,165 -348 2,693 -3,041 4,039 749 3,290 -.3 -1.2 1.0 .8 .2 .6 -1.0 -.9 -.1 3.5 1.7 1.8 5.9 36 4.4 37 1.5 38 6,529 639 984 1,584 2,998 -3,981 2.5 -3.8 -.9 -5.4 • 8 39 PBBLIBIBABX ABD IBCOBPLBTB! IIPOBHATIOI F EBB U AB I 22, 1984 Bonetary and Insurance Beserves Bonetary aad Insorance laserTee 29 Foreign Exchange, Treasury Currency, Insorance Beserves, and Interbank Claias SEASOIALLT ADJOSTBD AIIOAL BATES 1979 1980 1981 SEASOIALLT ADJUSTED AIIOAL BATES 1982 1983 1 1982 1 III IT 1983 1 t I II III IT Gold and Official Foreign Exchange Boldings (1) 1 •1 7.0 4. I 5.0 .5 3.2 7.8 2.4 -1.0 -2.6 2 3 4 .1 •3 -.2 -1.1 -1- 1 * .7 .7 a 1.4 1.4 a a 1.7 1.7 a 1.2 1.2 •4 .4 a 1.2 1.2 a .8 .8 a 5 6 7 8 • -.3 -1.1 .9 8-1 6.5 3-9 2.6 3.3 .9 .8 a 3.6 1.0 .4 .6 .5 -3.9 -1.8 -2.1 1.5 -.4 -1.7 1.3 6.6 3.7 1.1 2.6 2.1 -6.4 -3.2 -3.2 -2.1 -3.0 -.4 -2.6 -3.4 -3.8 -1.4 -2.4 .2 .2 « 1.7 1.7 * 2.5 2.5 a 2.6 2.6 a 4.4 4.4 a 1.8 1.8 a 2.9 2.9 a 8.5 8.5 .1 .8 .9 -.1 -4 .4 a 9 10 11 a a 3.1 Total U.S. reserves 1 -2.3 U.S. gold stock and SDB*s -2.3 U.S. Govt.: Ex. Stab. Fund * Bonetary authority (2) 2 3 4 5.4 U.s. foreign exchange position -2.5 Official fgn.currency hldgs. Treasury -2.4 -.1 Bonetary authority 5 6 7 8 7.9 7.9 « let IBF position O.S. Governaent asset Bonetary authority 9 10 11 (1) Lines 1, 2, sad 3 exclode increases in SDB's through allocations, which occurred at various dates beginning January 1970. Transactions in SDB*s are included. Also excluded froa the table are revaluations of foreign currency holdings, gold, SDl's, and IBF position. Allocations and revaluations are reflected in tables on outstandings. (2) Treasury gold stock. Treasury Currency and S-D.B. Certificates 1 2 3 1-6 1-7 --1 1.3 1-5 -.2 1-2 1.4 -.2 1.7 -6 1-1 .5 • .5 1.9 1.6 .3 2.0 1.6 .4 .4 .4 .5 .5 .5 .5 .3 -3 Total O.S. Govt, liability Bonetary authority asset Unallocated assets 1 2 3 Insurance and Pension Fund Beserves Life insurance reserves: 1 2 3 12-5 -3 12.3 11.5 a 11.4 10.1 .3 9.9 14.1 .2 13.9 15.8 •1 15.7 14.6 a 14.6 14.8 .1 14.7 16.5 a 16.5 15.3 .1 15.3 15.5 .1 15.5 15.8 let change in liabilities .1 U.S. Governaent 15.7 Life insurance coapanies 1 2 3 4 12-5 11.5 10. 1 14. 1 15.8 14.6 14.8 16.5 15.3 15.5 15.8 let change in assets (BB) 4 5 6 7 8 9 10 55.6 7.9 47.7 17.5 14.0 16.2 78.2 8.7 69.4 20.6 22.3 26.5 91.7 9.8 81.9 28.6 22.4 31.0 106.3 11.7 94.5 32.7 26.6 35.2 123.7 14.1 109.7 37.9 32.8 39.0 105.0 16.6 88.4 34.3 27.9 26.2 122.4 11.0 111.4 39.3 30.8 41.3 131.9 8.3 123.6 42.8 32.8 48.0 130.3 14.1 116.2 39.1 31.2 45.9 113.3 16.3 97.0 35.9 33.3 27.9 119.4 let change in liabilities 17.5 U.S. Governaent 101.8 Insurance sector 33.7 Life insurance coapanies 34.1 Private pension funds 34.0 St.aloe. govt. rtr. funds 5 6 7 8 9 10 11 55.6 78.2 91.7 106.3 123.7 105.0 122.4 131.9 130.3 113.3 119.4 let change in assets (hh) 11 1 2 3 4 Pension fund reserves: let Interbank Claias 1 2 3 4 22.7 1.6 -1.4 3.0 -29.5 -1.0 -2.3 1.3 -15.8 -3.4 —2.2 -1.2 -12.2 2.2 1.3 .9 12.4 -3.9 -5.0 1.2 -45.0 -3.0 1.3 -4.3 38.3 17.7 21.0 -3.3 -65.7 -13.0 -20.0 7.0 7.3 -9.3 -10.1 .8 28.1 -2.6 10.5 -13.2 79.8 let change in liabilities 9.4 Bonetary authority -.5 Beaber baak reserves 10.0 Vault cash 5 6 7 8 9 10 11 12 21.1 .5 22.3 22.1 16.3 13.1 -1.2 2.0 -28.5 -1.9 -23.2 -17.7 -18.9 -5.7 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 16.3 -1.0 15.6 13.4 6.2 8.8 4.7 2.0 -42.0 -8.8 -60.2 -58.5 -29.4 -21.7 15.4 7.7 20.6 3.8 4.4 11.7 12.0 10.6 -2.7 -1.3 -52.7 .1 -48.8 -46. 1 -69.4 1.2 73.2 2.7 16.7 6.3 7.1 3.1 6.7 -1.8 -6.0 2.5 30.7 -11.5 30.7 22.6 22.8 -22.0 -44.8 - 70.4 1.2 73.2 74.2 64.5 58.0 -3.7 2.8 13 14 15 5.8 15.5 9.7 1.2 13.5 12.3 -1.1 11.1 12.3 -11.7 -2.6 9.1 7.3 7.5 .2 -29.0 -13.1 15.9 -.3 -1.4 -1.1 23.3 29.9 6.6 -3.6 -29.7 -26.1 -.2 19.1 19.4 9.7 10.6 .9 Fgn. bkg. off. in u.s. 13 Due fgn. affiliates 14 Less: Due froa aff. 15 16 17 18 -.2 -.2 a 5.4 3.4 2.0 3.0 3.4 -.4 10.5 10.3 .2 -2.1 -1.5 -.6 1.7 3.0 -1.4 7.3 6.5 .9 2.7 1.4 1.4 -4.0 .3 -4.3 -8.2 -8.7 .5 1.0 .9 .1 Less: Dep. at fgn. banks 16 17 U.S.-chartered banks Fgn. bkg. off. in O.S. 18 19 20 21 22 23 24 25 -1.7 -4.0 12.0 1.4 12.3 -1.7 16.0 -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 -2.1 -9.5 15.7 13.5 1.7 -2.2 3.1 5.4 -4.0 1.7 5.4 27.0 -39.0 8. 1 -18.4 -.5 27.0 47. 1 12.4 25.9 11.7 -.8 12.4 -14.2 -4.1 -22.2 -2.5 1.6 -4.1 19.7 3.3 -11.7 -12.5 4.2 -20.0 3.3 -.8 11.4 -1.0 25.0 10.6 3.0 11.4 26.1 -4.0 26.0 2.5 7.0 —.4 -4.0 -23.4 26 -1.4 -2.7 -1.4 2.1 -5.4 18.4 -4.2 -10.6 -7.0 27 28 29 3.7 16.0 12.3 11.7 25.1 13.3 8.6 15.7 7.1 23.0 13.5 -9.5 9.3 5.4 -4.0 47.6 47.1 -.5 -13.5 -14.2 -.8 18.1 19.7 1.6 19.3 -.8 -20.0 23.0 26.1 3.0 -23.0 -23.4 -.4 30 31 32 33 34 35 24.4 22.3 2.1 .5 .3 .3 -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 10.7 15.6 -4.8 -1.0 -1.2 .2 -72.0 -60.2 -11.9 -8.8 -5.0 -3.8 25.9 4.4 21.5 3.8 4.4 -.6 -61.6 -48.8 -12.9 .1 -7.2 7.4 4.0 7.1 -3.1 6.3 .9 5.3 16.7 30.7 -14.1 -11.5 -1.4 -10.1 83.8 let change in assets Foreign 73.2 Donestic 10.7 Bonetary authority 1.2 Federal Beserve float 3. 1 Loans to aeaber banks -1.8 36 37 38 1.6 -1.4 3.0 -1.0 -2.3 1.3 -3.4 -2.2 -1.2 2.2 1.3 •9 -3.9 -5.0 1.2 -3.0 1.3 -4.3 17.7 21.0 —3.3 -13.0 -20.0 7.0 -9.3 -10.1 .8 -2.6 10.5 -13.2 9.4 -.5 10.0 39 -1.7 -3.4 -2.4 15.7 1.7 27.0 12.4 -4. 1 3.3 11.4 14.5 BILLIOBS OF DOLLABS. IT/83 BASES 01 IlCOIPLETE IIFOBBATIOI. - - Coaaercial banking To sonetary authority To foreign banks, net Liabilities, net U.S.-chartered banks Due fgn. affiliates -Due fr. affiliates ♦Br. loans to U.S. To U.S. banking, net O.S.-chartered banks Liabilities To doa. affiliates To fgn. offices Unallocated Less:Due froa fgn off. Doaestic affiliates 5 6 7 8 9 10 11 12 19 20 21 22 23 24 25 26 27 Fgn. bkg. off. in U.S. Due to U.S. banks 28 Less:Due froa U.S.bks. 29 30 31 32 33 34 35 U.S.-chartered banks Beaber bank reserves Vault cash 36 37 38 Floats, etc. 39 -4.0 Discrepancy: FBBlOifiT 22, 198* Deposit claias Deposit Claias Monetary Claias Oo Piaaacial Institutions 30 OBADJUSTBD WIT PLOWS (S BILL) OIAOJOSTBO IH PLOWS (J BILL) 1982 III II | | 1983 I II III II 1979 BILLIOIS OP DOLLABS 1975 1976 1977 1978 Carcase7 aad Checkable Deposits 24,529 29,951 -10,398 31,061 8,888 8,679 6.9 18.6 24.8 30.4 32.6 1 2 3 a 5 Pvt. doses, sectors, by type Curreacy Deaand deposits other checkable 10,059 1,858 1,985 6,216 39,265 -7,185 6,481 645 21,788 -18,179 10,996 10,349 17,429 3,947 7,517 5,965 1,286 3,668 -6,020 3,638 32,421 5,689 20,287 6,445 8.7 6.3 2.2 -2 16.1 6.2 9.2 .7 18.6 7.3 9.5 1.8 27.0 8.3 17.2 1.6 29.2 9.3 15.4 4.5 2 3 4 5 6 7 8 9 10 11 12 Prt.doses.sectors, by holder Pvt. dosestic nonfiaancial Households Business Stiateelocal goveraaeata Hail float Piaascial sectors 10,059 4,678 12,426 -881 -1,219 -5,688 5,381 39,265 35,991 15,297 5,514 794 14,386 3,274 -7,185 -8,664 7,154 -4,717 -2,374 -8,727 1,479 17,429 15,518 10,886 2,681 2,065 -114 1,911 1,286 200 7,274 455 -2,187 -5,342 1,086 32,421 29,432 5,941 6,146 3,052 14,293 2,989 8.7 8.5 7.6 1.0 -.5 .4 .2 16.1 15.6 6.9 6.2 .8 1.6 .6 18.6 17.8 15.7 2.4 -.9 .6 .8 27.0 25.5 20.0 2.9 .8 1.8 1.5 29.2 6 25.5 7 22.4 8 4.5 9 -1.0 10 -.5 11 3.7 12 13 IS Poreigs O.S. Governaeat -1,855 16,325 599 -9,913 480 -3,693 808 12,824 -802 1,119 8,404 -24,861 2.8 -4.6 -.3 2.8 3.2 3.0 2.4 .9 -.2 13 3.7 14 28,529 29,951 -10,398 31,061 8,679 6.9 18.6 24.8 30.4 32.6 15 -595 -1,392 152 645 8,966 5,227 -208 3,947 11,584 -7,239 7,728 -12,902 -26 108 3,668 5,689 7.0 .4 .2 6.3 10.6 4.5 e 6.2 10.5 3.1 .2 7.3 4.9 -3.3 e 8.3 6.3 -3.1 .1 9.3 16 17 18 19 26,074 -14,463 -3,977 -2,301 676 328 29,375 -12,490 20,173 7,597 1,016 11,560 -3,695 13,800 676 -11,959 1,145 -910 -3,861 24,614 -.2 -5.1 2.6 2.3 7.6 -1.7 -.3 9.6 13.4 -.1 3.0 10.4 24.5 4.3 2.4 17.8 25.3 6.8 -.3 18.8 20 21 22 23 .1 .4 .9 1.0 1 let change ia total assets 15 let chaage ia liabilities 16 17 18 19 Boaetsty authority O.S. Govt, cash ♦ deposits foreign deposits Curreacy outside beaks 20 21 22 23 Coaaercial banking O.S. Governaent deposits foreign deposits Private dosestic deposits 24 Savings institutions 8,478 6,839 -219 1,858 18,065 9,486 -1,636 6,215 1,986 468 -5,936 -77 6,481 3,409 4,660 1,922 8,888 1,079 2,118 1.0 24 Snail line aad Savings Deposits 1 let change ia liabilities Coaaercial banks 2 Saviags institutions 3 Savings and loan assns. a Mutual saviags basks 5 Credit uaioas 6 7 Bet chaage ia assets households 8 State aad local governaents 9 Q.S. Govern seat 10 11 Credit unions 23,739 18,456 9,283 6,842 70S 1,736 67,131 108,997 49,263 71,333 17,868 37,668 14,256 27,194 1,418 5,610 2,194 4,860 36,354 18,688 17,706 12,152 825 4,729 30,623 16,380 14,283 14,025 -2,396 2,654 39,757 24,239 15,518 10,330 3,185 2,003 37.7 17.4 20.3 14.5 2.7 3.0 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 65.5. 13.3 52.2 38.8 7.5 5.9 23,739 25,034 -340 28 -983 67,131 108,997 65,193 105,238 1,476 2,766 141 -177 321 1,170 36,354 34,204 2,153 -201 198 30,623 31,459 1,105 35 -1,976 39,757 38,432 1,260 -7 72 37.7 37.3 e e .4 98.0 97.0 .9 .1 e 121.6 116.2 5.1 .2 .1 94.6 95.1 -1.6 .1 .8 65.5 7 66.1 8 -.1 9 .1 10 -.5 11 2.4 1.3 e .2 6.9 1 1 2 3 4 5 1 2 3 4 5 6 Soney Barket Beteal fund Shares Boaey narket fund shares 1 Liab: finance a.e.c. Asset: Households 22,025 -17,013 -26,296 -15,680 -1,625 -454 Large Tiae Deposits 1 let chaage ia total liab. Coaaercial banking 2 Dosestic banks 3 foreiga banking offices 4 saviags iastitotioas 5 6 let chaage ia assets 7 Pvt. dosestic aoafinaacial Households 8 9 Business State ♦ local goveraaeata 10 foreiga 11 12 13 14 15 16 17 financial sectors Saving and loaa assns. Hutual saviags banks Credit aniens Private pension funds Boaey aarket funds 5,979 -16,253 -48,410 -3,280 3,523 -20,579 -47,452 -12,472 7,907 -21,987 -40,416 -8,119 -4,384 1,408 -7,036 -4,353 4,326 9,192 2,456 -958 12,087 -3,421 2,669 -6,090 15,508 18,970 9,278 8,002 1,276 9,692 41.1 39.3 38.2 1.1 1.7 -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 5,979 -16,253 -48,410 -750 -9,509 -38,515 -7,589 -11,440 -38,779 2,799 2,000 4,340 -868 -1,736 2,499 471 1,438 -61 -3,280 1,204 3,904 3,076 -5,776 381 12,087 17,625 17,891 2,221 -2.487 -2.117 18,970 17,412 13,577 4,519 -684 1,893 41.1 28.0 18.5 3.8 5.7 7.7 -8.9 -14.6 -13.6 1-9 -2.9 1.5 -13.9 -9.7 -8.7 2.1 -3.0 -1.9 28.3 25.7 12.4 4.8 8.5 -.4 54.5 6 44.4 7 34.2 8 2.0 9 8.2 10 1. 1 11 -8,182 -9,834 2,210 1,531 360 102 -1,000 -1,000 -9,752 -10,467 -4,865 1,136 -314 14 -1,436 -4,265 -3.421 -1,777 -12 12 -91 -1,553 -335 352 -458 23 215 -467 5.4 .7 •2 .2 2.7 1.6 4.2 4.5 .1 .5 -1.3 .5 -2.3 -1.4 -.2 -.1 -.7 3.0 .1 • .1 2.5 .3 8.9 .4 .3 • 5.5 2.7 12 13 14 15 16 17 22. 1 20.0 2.1 1 2 3 6,258 352 147 158 5,601 federal Fuads aad Security lepurchase Agreeaents 9,148 7,558 1,590 244 256 -12 8,695 5,155 3,540 -4,085 -6,808 2,723 10,818 7,284 3,534 13,393 6,653 6,740 -.4 -1.9 1-5 3.5 3.5 .1 13.6 13.6 -.1 10.9 9.0 1.9 4 let change ia assets Bonfinancial corpocatioas 5 6 State and local goveraaeata 7 sponsored credit agencies Saviags and loaa assns. 8 Hutual saviags banks 9 Honey aarket funds 10 7,777 -569 900 4,722 747 -191 2,168 -3,033 3,687 -709 -806 -1,508 -1,015 -2,682 8,731 3,608 1,806 713 5,155 435 -2,986 -3,651 110 -14 -1,345 -776 -438 -1,188 2,419 -1,572 707 -619 1,242 -88 2,749 1,550 1,699 1,149 -644 104 1,012 -1,770 -.7 -5.8 3.6 -1.0 2.6 -.3 .1 -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 4 5.5 5 2.0 6 1.4 7 1.7 8 • 9 . 1 10 11 Discrepancy-unallocated assets 1,371 3,277 -36 -434 8,399 11,843 .3 4.6 9.3 5.5 11.4 11 1 let chaage ia liabilities Coaaercial banks 2 Savings aad loaa assns. 3 O.S. Deposits ia Poreign Countries 1 Total foreign liability Held bys loafinaa. corporate business Hooey aarket fends 2 3 -1,381 461 -2,266 1,223 333 2,133 -.2 .8 1.7 1.3 2.4 1 -996 -385 -479 940 2,311 -4,577 761 462 87 246 112 2,021 -.2 - .8 • 1.7 - 1.3 • 2.0 .5 2 3 11/83 BIS ID OM PBELIBIBAB1 AID IBCOBPLBT1 IIFOIBATIOI PEBS01RT 22, 1984 Deposit Clains Deposit Claias 3i Nonetary Claias On Pinancial Institutions SEASOBALLT ADJUSTED ANNUAL RATES SEASOBALLT ADJUSTED ANNUAL RATES 1979 1980 1961 1982 f 1982 I III 1983 IT 1983 1 | I II III IT Currency and Checkable Deposits -47.8 Bet change in total assets 1 1 35.9 16.0 28.3 36. S 38.2 74.5 39.7 88. 1 108.5 4.1 2 3 4 5 31.1 7.9 14.4 8.7 19.6 10.3 -.8 10.1 31.9 9.5 -28.8 51.2 33.4 8.4 -1.1 26.1 44.0 13.9 3.6 26.4 40.7 11.9 4.0 24.9 50.4 12.7 -6.3 44.0 88.6 14.9 32.3 41.4 65.9 13.3 28.7 23.9 3. 1 19.7 -31.2 14.6 18.2 7.9 -15.5 25.8 6 7 8 9 10 11 12 31.1 26.7 21.8 6.4 -1.5 -.1 4.4 19.6 15.3 3.7 10.2 -.8 2.3 4.3 31.9 27.6 25.7 -.5 -1.6 4.1 4.3 33.4 21.4 22.9 .1 -2-2 .6 11.9 44.0 36.5 31.3 4.6 .6 .1 7.5 40.7 21.2 19.8 .2 —.4 1.6 19.5 50.4 41.6 45.0 -1.3 -3.7 1.6 8.7 88.6 75.8 75.6 3.3 -.7 -2.5 12.8 65.9 58.6 53.2 6.5 1.6 -2.7 7.3 3.1 1.3 -8.7 7.7 -4.1 6.4 1.8 18.2 10.3 4.9 .8 5.5 -.8 7.9 13 14 4.2 .5 * -3.6 -3.8 .1 -3.7 6.8 1.6 -7.3 -4.6 38.3 -.4 -10.3 9.9 -10.4 -5.9 48.5 -.5 1.5 -68.8 Poreign U.s. Oovernaent 13 14 15 35.9 16.0 28.3 36.5 38.2 74.5 39.7 88.1 108.5 4.1 -47.8 let change in liabilities 15 -2.2 -14.4 -.6 12.7 14.3 -1.5 .9 14.9 35.0 22.7 -1.0 13.3 2.9 Pvt. doaes. sectors, by type Currency Deaand deposits Other checkable 2 3 4 5 Pvt.doaes.sectors, by holder 6 Pvt. donestic nonfinancial 7 8 Boaseholds 9 Basiaess Statevlocal governnents 10 11 Bail float 12 Pinancial sectors 37.8 17.6 .5 19.7 -36.6 -44.1 -.4 7.9 Bonetary authority O.S. Govt. cash ♦ deposits Poreign deposits Currency outside banks 16 17 18 19 Connercial banking U.S. Governnent deposits foreign deposits Private doaestic deposits 20 21 22 23 Savings institutions 24 16 17 18 19 8.2 .1 .1 7.9 9.0 -1.1 -.2 10.3 10.9 1.2 .1 9.5 8.9 .7 -.2 8.4 12.6 -1.3 • 13.9 25.4 14.2 -.7 11.9 20 21 22 23 26.5 .4 4.1 22.0 4.9 -2.6 .3 7.2 8.7 -1.1 -3.9 13.7 19.2 6. 1 -3.4 16.5 15-8 -6.0 1.6 20.2 41. 1 24. 1 -3.9 20.9 28.3 4.1 .2 24.0 55.2 -8.9 9.0 55.1 65.8 25.8 -4.9 44.9 -38.1 -16.1 -1.0 -20.9 -19.6 -24.7 3.3 1.8 24 1.2 2.0 8.7 8.4 9.8 7.9 13.6 18.6 7.7 4.3 8.5 Snail Tiae and Savings Deposits 1 2 3 4 5 6 1 2 3 4 5 6 61.0 29.3 31-7 26.0 1.6 4.0 86.7 45.0 41.7 29.0 5.4 7.3 47.5 40.3 7.2 4. 1 .9 2.2 138.5 97.0 41.5 28.1 4. 1 9.4 215.7 130.6 85.2 63.7 7.2 14.2 129.0 78.2 50.8 35.0 4.6 11.2 231.9 178.9 52.9 40.6 3.6 8.7 409.3 265.2 144.1 105.6 22.2 16.3 180.5 95.7 84.8 62.8 4.1 17.9 162.8 89.6 73.3 65.3 -7.6 15.6 110.3 Bet change in liabilities Coaaercial banks 71.7 Savings institntions 38.5 Savings and loan assns. 21.1 Hataal savings banks 10.2 7.3 Credit anions 7 8 9 10 11 61.0 59.8 -.6 -1 1.8 86.7 83.4 -.3 -.2 3.9 47.5 47. 1 .1 -. 1 .4 138.5 135.5 1.5 .5 1.1 215.7 209.3 7.3 -.4 -.5 129.0 127.6 -1.4 .1 2.6 231.9 225.2 5.9 .6 .2 409.3 399.0 11.1 -.7 a 180.5 173.0 8.6 -.8 -.3 162.8 158.7 4.4 .1 -.4 110.3 Bet chaage in assets 106.7 Boaseholds State and local governnents 5.0 • O.S. Governaent -1.4 Credit anions 7 8 9 10 11 -105.2 -62.7 -6.5 Honey narket fund shares Liab: finance n.e.c. Assets Boaseholds 1 aoney Harket Batual Fund Shares 1 34.4 29.2 107.5 24.7 -44.1 88.1 -68.1 -1.8 Large Tiae Deposits 1 2 3 4 5 27.8 13.8 10.2 3.6 14.0 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 -20-6 -54.1 -37.9 -16.2 33.4 13.4 3.5 21. 1 -17.5 9.8 -72.2 -89.5 -95.2 5.6 17.3 -171.2 -167.4 -139.2 -28.1 -3.8 -20.2 -57.0 -39.6 -17.4 36.8 37.3 -24.7 -.3 -24.4 62.0 6 7 8 9 10 11 27.8 23.0 18.8 4.7 —.4 1.2 61.0 44.7 42.2 4.0 -1.4 1.2 61.8 36.4 19.2 14.9 2.3 2.3 3.4 -5.2 -15.0 5.3 4.5 5.8 -20.6 -2.3 -3.4 11.8 -10.7 .1 13.4 -20.9 -40.6 9.8 9.9 4.2 -72.2 -42.4 -41.9 5.3 -5.7 4.5 -171.2 -130.7 -128.8 14. 1 -16.0 1.0 -20.2 2.0 -6.6 20.4 -11.8 -1.3 37.3 51.3 61.4 -.4 -9.7 -5.8 71.5 Bet change in assets Pvt. donestic nonfinancial 66.3 Booseholds 60.4 Business 13.2 State ♦ local goveraaeats -5.2 foreign 6.5 12 13 14 15 16 17 3.5 -2.2 -.3 • -1.4 7.5 15.1 2.5 • 2.1 1.4 9.0 23.1 -.7 -. 1 -.7 1.8 22.8 2.7 7.2 1.4 -2.8 -3.1 -18.5 1.2 -.7 ♦ -2.3 -16.8 30.1 6.4 .6 .6 22.4 -34.4 7.2 1.4 -4.0 -39.0 -41.4 4.0 .4 -4.0 -41.9 -21.0 3.0 -1.3 .1 -5.7 -17.1 -8. 1 -1.6 « V -.4 -6.2 -3.3 -.5 -1.8 .1 .9 -1.9 71.5 Bet change in total liab. 32.8 Coaaercial banking 27.7 Doaestic banks Poreign banking offices 5.1 Savings institutions 38.8 Financial sectors Saving and loan assns. Butual savings banks Credit unions Private pension funds Honey narket funds 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 Pedecal Punds and Security Repurchase Agreesents 1 2 3 16.1 15.6 .5 20.4 18.3 2.1 17.5 14.4 3.0 15.9 12.0 3.8 28.8 12.3 16.5 40.3 33.9 6.4 .3 .4 • 32.6 18.4 14.2 -15.6 -26.5 10.9 47.4 33.3 14.1 50.9 Net change in liabilities Connercial banks 23.9 Savings and loan assns. 27.0 4 5 6 7 8 9 10 12.7 2.6 4.0 .6 2.5 .9 2.1 11.5 6.6 e 1.8 -.7 .6 3.2 20.6 ♦ 2.5 3.5 4.2 1.5 8.9 11.4 3-7 .1 5.4 .4 • 1.7 9.0 3.8 3.6 -1.9 5.7 .9 -3.2 31.8 -2.3 3.6 18.9 3.0 -. 1 8.7 -8.9 14.7 -2.8 -3.2 -6.0 -.9 -10.7 31.3 14.4 7.2 2.9 20.6 -1.9 -11.9 -14.7 •4 -.1 -5.4 -3.1 -1.8 -4.8 10.5 -6.3 2.8 -2.5 5.0 .5 11.0 9. 1 Net change in assets Nonfinancial corporations 6.8 State and local governnents 4.6 Sponsored credit agencies -2.6 Savings and loan assns. .4 Hutual savings banks 7.0 Honey narket funds -7. 1 11 3.5 8.9 -3.1 4.5 19.8 .8.5 9.3 1.3 —.9 36.9 41.8 Discrepancy-unallocated assets 11 -9.1 4.9 1.3 1 2 3 4 5 6 7 8 9 10 0 • S. Deposits in Poreign Countries 1 2 3 6.1 1.5 4.6 2.8 1.1 1.7 BILLIONS OP DOLLABS. 12.6 .5 12.1 2.5 -2.4 4.9 1.4 3.3 -1.8 -5.5 -4.0 -1.5 IT/83 BASED OB IBCOBPLETE IBPORHATIOB. 1.8 -1.9 3.8 9.2 -18.3 3.0 1.8 .3 1.0 8.5 Total foreign liability Held by: Bonfinan. corporate business .4 Honey narket funds 8.1 1 2 3 FBBB0A1I 224 U8* O.S. Governaent Sacacitiaa o.s. Goveraaeat Securities O.S. Goveraaeat Securities Harket saaaary 32 OMADJOSTBD 1ST FLOSS (S HILL)___ ______________________________ III 1982 19 | 1 ______ I 1ZZ ZZ OMADJOSTBD 1ST PLOTS(S Bill) ________ 1983 ZT 1974 BILLIOIS OF DOLLII3 1976 1975 1977 1978 Total Bat Issues, by Sector aad Typa 1 Total O.S. Gowacaaast sacac. O.S. Govacaaaat 2 Spans, agencies ♦ ntg. pools 3 TJ.Q16 57,673 19,373 78,555 61,996 16,559 71,174 55,656 15,518 63,428 46,908 16,520 67,162 47,874 19,288 52,979 36,200 16,779 31.9 11.9 20.0 94.9 85.5 9.4 83.8 69.1 14.6 79.9 56.9 23.1 90.5 53.8 36.7 1 2 3 By instraaeat: Treasary issaas Household sawings bonds Treas. escl. sawiags bonds 57,715 1*7 57,588 62,088 757 61,331 55,620 475 55,145 46,951 876 46,075 47,898 868 47,030 36,209 920 35,289 12.0 3.0 9.0 85.8 *.0 81.8 69.1 4.7 64.5 57.6 4.7 52.9 55.1 3.9 51.2 4 5 6 19,331 -42 16,467 -92 13,554 36 - 16,477 -43 - 19,264 -24 16,770 -9 - 19.9 .1 -.3 9.0 -.3 -.1 14.6 .1 -.1 22.3 -*5 -.2 35.3 -1.1 -.3 7 8 9 6,093 13,280 -1,729 18,288 -3,180 18,698 476 16,044 911 18,377 3,431 13,348 16.6 3.4 2.3 7.1 2.5 12.2 7.0 16.1 23.1 10 13.6 11 4 5 6 7 8 9 10 11 Other Budget agency issues Loan participations (1) Spons. agency issues (2) Hortgage pool secuc. (2) Total Bat Purchases, by Sector aad Type 1 Total purchases, by sector O.S. Sort, (agency secur.) 2 Sponsored credit agencies 3 4 Treasary Ageaey secerities 5 77,046 — 996 1,031 -35 78,555 — 150 269 -119 71,174 — -333 136 -469 63,428 — 96 96 67,162 — 654 890 -236 52,979 -1,376 -1,553 177 31.9 e .4 .3 .1 94.9 1.5 1-5 e 83.8 1.5 1.5 ♦ 79.9 — -3.8 -3.4 -.4 90.5 .6 .5 .1 1 2 3 4 5 Federal Beserve Systea Treasury issues Agency issues 8,336 7,388 948 4,494 4,919 -425 -3,271 -2,661 -610 5,212 5,022 190 13,933 13,750 183 -3,916 -3,481 -435 5.2 2.0 3.2 8.4 7.4 1.0 10.0 9.1 .9 7.2 5.8 1.4 7.3 7.7 -.4 6 7 8 9 10 11 Foreign Short-tera aarketable Other 4,429 3,621 808 2,990 2,752 238 6,704 4,219 2,485 3,881 2,794 1,087 211 2,102 -1,891 5,919 4,838 1,081 3.7 7.6 -3.9 8.1 6.6 1.5 11.6 3.3 8.3 31.5 8.1 23.4 28.2 9 13.9 10 14.3 11 12 13 14 Total private doaestic Treasury issues Agency issues 63,285 44,867 18,418 70,921 53,910 17,011 68,074 51,441 16,633 54,239 38,048 16,191 52,364 33,047 19,317 52,352 35,324 17,028 22.5 6.0 16.5 76.9 68.8 8.1 60.7 47.0 13.7 45.1 23.8 21.3 54.3 12 18.7 13 35.7 14 14,607 12,114 147 11,967 2,493 20,816 22,419 757 21,662 -1,603 15,918 16,939 475 16,464 -1,021 28,418 26,491 876 25,615 1,927 27,115 21,386 868 20,518 5,729 18,316 10,346 920 9,426 7,970 19.4 11.3 3.0 8.3 8.1 25.4 27.7 4.0 23.7 -2.3 15.9 11.0 4.7 6.4 4.9 24.6 17.5 4.7 12.8 7.1 36.3 22.4 3.9 18.5 13.9 15 16 17 18 19 20 21 22 23 24 6 7 8 15 16 17 18 19 Private doaestic nonfiaaa. Total Treasary issaas Savings bonds (HB) ■Other Treasury issues Agency issues 20 21 22 23 24 Households Total Treasury issues Savings bonds Other Treas. issues Agency issues 8,709 7,257 147 7,110 1,452 7,872 10,524 757 9,767 -2,652 15,695 17,999 475 17,524 -2,304 -1,628 -2,423 876 -3,299 795 18,393 13,494 868 12,626 4,899 IS,588 8,461 920 7,541 7,127 20.0 15.4 3.0 12.4 4.6 18.8 19.9 4.0 15.8 -1.0 9.7 6.7 4.7 2.1 2.9 19.7 14.0 4.7 9.2 5.7 29.5 21.9 3.9 18.0 7.6 25 26 27 Bogfin. corp, business Treasary issues Agency issues 5,086 5,062 24 2,502 2,500 2 219 215 4 5,875 5,878 -3 357 365 -8 -1,262 -1,251 -11 2.3 1.4 .9 8.7 9.5 -.8 2.1 2.1 • -6.4 -6.0 -.* -4.5 25 -5.2 26 .7 27 28 29 30 State and local govts. Treasury issues Agency issues 812 -205 1,017 10,442 9,395 1,047 4 -1,275 1,279 24,171 23,036 1,135 8,365 7,527 838 3,990 3,136 854 -2.9 -5.5 2-5 -2.1 -1.7 -.4 4.1 2.2 1.9 11-3 9.6 1.7 11.3 28 5.7 29 5.6 30 4,429 2,601 1,828 18,564 16,765 1,799 20,756 18,142 2,614 15,206 15,236 -30 5,649 5,922 -273 10,338 10,287 51 .7 -2.9 3.6 30.0 28.6 1.4 20.2 18.7 1.5 -1.1 -1.9 .8 .5 31 -6.5 32 7.0 33 4,392 -28 65 17,557 951 56 19,813 854 89 14,371 747 88 5,835 -296 110 10,270 -51 119 .7 .2 -.2 30.1 -.2 .1 19.6 .5 .1 -1.3 -.1 .2 .1 34 .5 35 -.1 36 31 32 33 34 35 36 Cossercial banking Treasury issues Agency issues Coaaercial banks Foreign haakiag offices Bagks in O.S.possessions 37 Private aoabank finance 44,249 31,541 31,400 10,615 19,600 23,698 2.5 21.5 24.6 21.6 17.5 37 38 39 40 Total pvt. ncnbank finance Treasury issues Agency issues 44,249 30,152 14,097 31,541 14,726 16,815 31,400 16,360 15,040 10,615 -3,679 14,294 19,600 5,739 13,861 23,698 14,691 9,007 2.5 -2.4 4.8 21.5 12.5 9.0 24.6 17.2 7.4 21.6 8.2 13.5 17.5 38 2.8 39 14.7 40 41 42 43 Savings and loan assas. Ireasery issues Agency issues 7,322 761 6,561 17,056 7,625 9,431 14,966 5,021 9,945 13,830 7,530 6,300 7,971 -429 8,400 5,351 2,151 3,200 -.4 -1.6 1.2 4.7 .6 4.1 5.6 4.9 .7 3.9 -1.0 4.9 4.6 41 • 42 4.6 43 44 45 46 Hutual savings banks Treasury issues .Agency issues -36 -150 114 654 343 311 2,968 1,844 1,124 2,583 785 1,798 2,413 772 1,641 1,238 356 882 -.2 -.4 .2 3.9 2.2 1.7 4.0 1.1 2.9 2.6 -1 2.6 .8 44 -.9 45 1.7 46 47 48 49 Credit unions Treasury issues Agency issues 1,993 2,000 -7 2,244 2,000 244 4,714 4,700 14 3,550 3,500 50 1,981 2,013 -32 -269 -189 -80 .4 .1 .3 1.1 .3 .8 .6 -2 .5 .5 .1 .4 . 1 47 —.4 48 .5 49 50 51 52 Life iasurance coapanies Treasury issues igency issues 3,351 2,303 1,048 4,841 3,623 1,218 3,311 2,708 603 2,810 1,904 906 3,790 1,993 1,797 3,926 1,866 2,060 .1 -.1 .2 1.7 1.4 .4 1.5 .6 .9 1.6 -.1 1.7 2.0 50 -.5 51 2.5 52 53 54 55 Private pension funds Treasury issues igency issues 3,329 1,818 1,511 1,505 484 1,021 2,936 1,452 1,484 2,916 2,220 696 4,841 3,357 1,484 4,395 3,224 1,171 1.1 -.2 1.3 5.2 4.5 .7 3.9 3.7 .3 5.4 4.8 .6 2. 1 53 1.6 54 .5 55 56 57 58 St.^local govt.rtr.funds "Treasury issues Agency issues 6,904 2,704 4,200 3,815 -164 3,979 4,670 3,701 969 5,931 2,134 3,797 2,696 2,587 109 3,160 2,121 1,039 .3 --9 1.2 1.6 1.0 .7 3.1 1.5 1.6 5.5 2.7 2.7 7. 1 56 2.7 57 4.4 58 59 60 61 Other insurance cos. Treasury issues Agency issues 1,518 848 670 938 327 611 2,200 1,299 901 1,197 450 747 2,620 2,158 462 2,838 2,103 735 .4 e .4 2.5 1.9 .6 3.1 2.6 .6 3.0 2.5 .5 1.2 59 .7 60 .5 61 62 63 Htttaal funds (Treasury) Bogey skt.funds (Treas.) Secarity brokers aad Dealers (Treasury) 699 17,669 493 1,260 -127 1,062 14 - 15,262 -435 -5,274 113 2,118 .4 .1 » .8 • .2 .2 — .3 -.2 62 .6 63 1,500 -1,265 -1,003 828 •2 -.1 2.4 -.7 -.8 64 64 -4,252 -8,002 (1) Where not shown separately, loan participations are iacladed with agency issues. (2) These issues ace oatsida the budget and outside the O.S. Governae sector -in flow of funds accoaata. They ace included in credit aarket debt of finaacial institutions. IT/83 8ISID 01 PBBLIBIMAI1 AND IMCOHPLBTB IMFOBBATIOI PBBB0AB7 22, 198* O.S. Governaent Securities O.S. Governaent Securities O.S. Governaeat Securities Burket Suaaary SEASOBALLT ADJUSTED AIMUAL BATES SBASOIALLI ADJOSTBD AIIOAL BATES 1979 1980 1981 1982 1983 1 1982 I III If i I I 1983 II III If Total let Issues, by Sector and Type 1 2 3 84.8 37.5 47.3 122.9 79.3 43.6 133.0 87.5 45.5 225.9 161.4 64.5 254.7 186.6 68.1 272.6 206.6 66.0 295.4 224.6 70.9 268.1 192.5 75.6 330.1 269.8 60.3 231.1 168.0 63.1 189.6 total O.S. Governaent secur. 116.2 O.S. Governaent 73.4 Spons. agencies ♦ atg. pools 1 2 3 4 5 6 38.8 -.8 39.6 79.8 -7.3 87.1 87.8 -4.3 92.2 162. 1 .2 162.0 186.7 3.1 183.5 206.8 • 206.8 224.9 .7 224.2 192.3 4.7 187.6 270.0 3.9 266.1 168.1 2.9 165.2 116.3 1.1 115.2 By instruaents Treasury issues Household savings Bonds Treas. excl. savings bonds 4 5 6 7 8 9 46.0 -1.1 -.2 43.1 -.3 -.2 45.2 -.3 -. 1 63.7 -.2 -.5 68.1 a - 65.8 -.2 - 70.5 -.4 • 75.8 .1 60.1 -.2 - 63.0 -.1 73.4 • - 10 11 24.3 23.1 24.4 19.2 30.5 15.0 14.9 49.5 1.6 66.5 12.6 53.4 e 70.8 1.0 74.6 -5.9 66.2 -11.2 74.3 22.7 50.8 Other Budget agency issues Loan participations (1) 7 8 9 Spons. agency issues (2) Bortgage pool secur. (2) 10 11 189.6 fotal purchases, by sector — O.S. Govt, (agency secur.) -.7 Sponsored credit agencies -1.4 Treasury .7 Agency securities 1 2 3 4 5 Total let Purchases, by Sector and Type 1 2 3 4 5 84.8 122.9 — .7 .4 -2 133.0 — .4 .2 .2 225.9 * 1.4 1.5 -.1 254.7 .2 -.2 .4 -1.0 -.5 -.4 272.6 — -2.8 -2.7 -.1 295.4 — 4.5 4.9 -.5 268.1 — 2.3 4.2 -1.9 330.1 — 1.2 .8 .4 231.1 — -6.7 -5.8 -.9 6 7 8 7.6 6.9 .7 4.4 3.9 .6 9.8 9.6 .1 8.5 8.4 .1 12.0 12.6 -.7 24. 1 20.3 3.8 10.1 11.8 -1.7 5.9 8.3 -2.4 22.1 21.3 .8 46.1 45.4 .7 -26.2 -24.5 -1.7 9 10 11 -14.1 -18.5 4.5 10.6 12.3 -1.7 7.0 -2.5 9.5 8.0 -.9 8.9 16.7 14.0 2.8 8.2 7.8 .4 -7.6 -7.4 -.2 34.5 29.8 4.7 36.3 26.4 10.0 -5.9 2.4 -8.2 1.9 -2.7 4.6 12 13 14 91.1 46.2 44.9 107.2 64.9 42.3 115.9 70.9 44.9 207.9 144.3 63.6 227.0 157.9 69.2 243.1 181.0 62.2 288.5 215.8 72.7 225.3 145.2 80.1 270.5 211.5 59.0 197.6 134.4 63.2 214.7 140.3 74.4 15 16 17 18 19 61.4 35.3 -.8 36.1 26.1 38.3 24.3 -7.3 31.6 14.0 47.4 31.2 -4.3 35.5 16.2 58.1 56.3 .2 56.2 1.8 89.8 75.2 3.1 72.0 14.6 40.6 42.2 • 42.2 -1.6 104.7 106.0 .7 105.3 -1.3 30.2 22.0 4.7 17.3 8.2 145.9 143.0 3.9 139.1 2.9 84.8 76.0 2.9 73.1 8.7 98.3 59.7 1.1 58.6 38.6 20 21 22 23 24 45.7 25.2 -.8 26.0 20.5 32.6 21.5 -7.3 28.9 11.0 48.7 33.9 -4.3 38.2 14.8 29.8 31.8 .2 31.6 -2.0 48.0 37.5 3.1 34.4 10.5 10.7 16.5 • 16.5 -5-7 45.5 50.9 .7 50.2 -5.5 20.2 17.2 4.7 12.5 3.0 52.1 53.7 3.9 49.9 -1.6 40.0 34.6 2.9 31.7 5.4 79.8 44.6 1.1 43.5 35.2 25 26 27 -1 1.4 -1-3 -3.2 -3.7 .5 -1.4 -1.4 V 7.4 7.3 .1 5.2 5.2 • 15.0 14.9 .1 14.2 14.2 e .8 .8 • 23.9 23.9 • -3.7 -3.6 * 28 29 30 15.6 8.7 6.8 9.0 6.5 2.5 .1 -1.3 1.4 20.9 17.2 3.7 36.5 32.4 4.1 14.8 10.8 4.1 45.1 40.9 4.2 9.1 4.0 5-1 69.9 65.3 4.5 31 32 33 7.9 .4 7.6 25.6 15.9 9.7 11.7 1.9 9.8 27.7 20.4 7.3 51.9 49.6 2.4 23.0 16.3 6.7 64.0 58.0 6.0 78.0 64.9 13.1 34 35 36 7.4 .5 a 25.0 .5 .1 11.4 .6 -.3 26.7 .8 .2 50.3 1.3 .4 22.8 -. 1 .3 60.0 3.8 .2 37 21.8 43.2 56.7 122.1 85.3 179.5 38 80 21.8 10.5 11.3 43.2 24.7 18.6 56.7 37.8 18.9 122.1 67.6 54.5 85.3 33.1 52.2 179.5 122.5 57.1 «1 <2 <3 1.0 -2.9 3.9 13.8 5.7 8.1 3.1 -3.5 6.6 37.4 7.5 29.8 42.1 14.3 27.8 44 45 <6 1.2 -.2 1.3 3.3 .8 2.5 .9 -.2 1.2 1.9 .7 1.2 •7 48 49 • .1 -.1 4.3 3.2 1.1 1.2 .7 .5 50 5, 52 2.9 .1 2.8 2.7 1.0 1.8 53 S« 55 2.8 1.9 ..8 58 57 58 59 60 61 39 62 63 federal Beserve Systea Treasery issues Agency issues 6 7 8 foreign Short-*tern narketable Other 9 10 11 Total private doaestic Treasury issues Agency issues 12 13 14 Private doaestic nonfinan. Total Treasury issues Savings bonds (BH) Other Treasury issues Agency issues 15 16 17 18 19 Bouseholds Total Treasury issues Savings bonds other Treas. issues Agency issues 20 21 22 23 24 -.2 -.2 • Bonfin. corp, busiaess Treasury issues Agency issues 25 26 27 48.4 45.1 3.4 11.7 15.3 3.4 State and local govts. Treasury issues Agency issues 28 29 30 69.4 70.2 -.9 30.2 32.2 -2.0 30.2 31.0 -.8 74.2 3.4 .4 66.1 3.0 .4 31.0 -1.2 .4 29.9 -.2 .5 119.8 117.2 55.2 82.7 86.2 Private nonbank finance 119.8 51.8 68.0 117.2 58.4 58.8 55.2 -1.7 56.9 82.7 26.2 56.4 86.2 49.6 36.7 Total pvt. nonbank finance 38 39 Treasury issues Agency issues 40 34.0 6.4 27.6 60.6 22.5 38.1 58.6 19.9 38.6 60.2 36.1 24.1 38.1 2.5 35.7 11.6 -1.4 13.0 9.2 3.8 5.4 .2 -.2 .4 2.3 2.0 .3 11.0 5.9 5.1 11.2 3.4 7.9 10.1 3.7 6.4 4.4 2.0 2.4 8.8 8.4 .4 10.0 10.0 • 8.0 8.0 • 9.0 8.0 1.0 18.9 18.8 .1 14.2 14.0 .2 7.9 8. 1 -.1 5.5 2.3 3.1 12.7 8.4 4.3 13.8 8.5 5.4 14.2 10.0 4.2 18.1 13.3 4.9 11.2 8.8 2.4 13.9 10.2 3.6 5.8 4.7 1.2 9.1 6.5 2.6 13.6 8.2 5.3 15.1 10.3 4.8 11.6 6.2 5.5 9.0 3.6 5.4 9.3 4.2 5.1 6.6 5.3 1.4 9.9 6.2 3.7 10.7 6.6 4.1 11.3 7.4 11.0 16.5 10.5 5.9 27.6 10.8 16.8 15.3 -.7 15.9 1.3 .2 1.8 1.6 2.2 1.4 4.0 1.5 2.5 8.9 6.0 2.8 4.5 1.8 3.6 1.2 2.3 22.7 .6 -18.4 2.8 70.7 4.2 .3 2.6 •9 23.7 BX1L1OBS Of Coaaercial banks 34 roreign banking offices 35 Banks in O.S.possessions 36 Butual savings banks Treasury issues Agency issues 44 45 46 -1.1 -.8 -.3 Credit unions Treasury issues Agency issues 47 48 49 16.2 9.0 7.2 14. 1 5.8 8.2 Life insurance coapanies 50 51 Treasury issues 52 Agency issues 12.6 9.6 3.0 17.5 12.5 5.0 21.0 14.7 6.3 Private pension funds Treasury issues Agency issues 18.7 14.8 3.9 23.7 8.5 15.2 10.8 10.3 .4 12.6 8.5 4-2 St.«>local govt.rtr.funds 56 57 Treasury issues Agency issues 58 7.0 3.4 8.2 5.2 8.8 7.0 1.8 11.4 8.5 other insurance cos. Treasury issues Agency issues -1.7 -21.1 .5 8.5 2.0 5.0 -.5 .1 4.2 -61.0 -5.1 -17.0 -32.0 53 54 55 59 60 61 Butual funds (Treasury) 62 Boney nkt.funds (Trees.) 63 security brokers and Dealers (Treasury) 64 (2) These issues are outside the budget and outside the O.S. Governae sector in flow ef funds accounts. They are included in credit aarket debt of financial institutions. 17/83 BASIS CB IICOHPLETE IBfOBBATIOW. 37 41 42 43 (1) Ihere not shown separately, loan participations are included with agency issues. DOLLABS. 31 32 33 Savings and loan assns. Treasury issues Agency issues 3.6 1.9 Coaaercial banking Treasury issues Agency issues PBB60AII 22, 198* Private Securities Private Securities State ♦ Local Governseat* Corporate* and Poreiga Securities 34 OBADJOSTBD IBT PLOBS(6 BILL) OBADJOSTBD IZT PLOWS(S BILL) 1982 III IT I | 1983 I II III IT 1978 BILLIOIS OP OOLLARS 1975 1977 1976 1978 State and Local Governaeat Obligations 1 let change ia liabilities state and local governaents 2 short-tere 3 Other 8 Aoafia. corporate basiaess 5 (Industrial revenue boads) 12*698 8*396 2*020 6*376 8*302 17*895 18*018 803 13*215 3*877 6.735 8*281 -5*189 9*830 2*858 22*258 19*375 888 18*531 2*883 8*808 6*735 -959 7*698 2*073 6*511 8*589 -3,159 7*708 1*962 16.5 18.8 2.7 12.1 1.6 16.1 13.5 -.3 13.8 2.6 15.7 13.2 -8.1 17.2 2.5 21.9 15.2 -2.9 18.1 6.7 28.8 20.7 .6 20.1 7.7 1 2 3 8 5 6 let change ia assets Bousebolds 7 Bonfin. corporate business 8 State ♦local govt. gen. funds 9 12*698 7*065 163 262 17*895 7*632 171 288 6*735 8*768 350 568 22*258 19*615 155 -237 8*808 8,281 117 6 6*511 2*379 83 -75 16.5 8.3 .6 .5 16.1 6.2 -.2 2.8 15.7 2.0 -1.1 2.6 21.9 -1.5 e .6 28.8 8.1 .2 -.7 6 7 8 9 10 11 12 Conaeocial banking Savings and loan assns. Butaal savings banks 13 -135 -89 6*168 -113 279 -8*828 12 -67 1*257 -2 -186 1*979 2 -13 2*859 10 -88 5.8 .3 e 1.8 1.0 .6 3.0 -.3 .9 9.2 * 13 18 15 16 Iasaraace Life insurance coapanies Statevlocal govt.rtr.funds Other insurance coapaaies 692 816 -202 878 735 538 -258 855 232 817 -607 822 1*889 891 219 379 566 388 -72 256 179 -39 22 196 1.7 .3 -.7 2.2 8.8 .8 1.0 2.6 7.9 1.1 1.8 5.8 11.8 .5 .2 10.7 17 18 Butual funds Brokers aad dealers 8*805 282 2*982 -159 5*887 253 327 -200 1*608 300 1*560 - -.8 -.1 .5 .3 1.6 .2 .8 9.6 10 .1 11 .5 12 18.3 .8 .8 13.5 13 18 15 16 .5 17 -.2 18 Corporate and Poreiga Bonds 1 let issues loafini corporate business 2 Poreigo 3 8 5 6 7 8 Total finance Coaaercial baaking Savings aad loan assas. Pinance coapanies Reits 9 Bet purchases Households 10 11 Poreiga 12 Coaaercial banking 13 Butoal savings banks 18 15 16 17 18 Insuraqce Life insurance coapanies Private pension funds St.tloc. govt. rtr. funds Other insurance coapanies 19 20 Butual funds Brokers and dealers 10*375 5,936 3,193 12*135 8*182 2*207 7*113 3*885 806 12*013 6*283 1*385 7*888 2*073 736 8,913 3*259 367 26.9 19.7 2.1 36.7 27.2 6.2 61.2 22.8 8.6 38.0 22.9 5.1 32.8 21. 1 8.2 1 2 3 1*286 602 20 629 -5 1*786 683 -66 1*218 8*385 790 17 3*581 -3 6*679 1*693 8 3.179 -1 5*307 1*563 3,766 3.1 1.1 1.8 .2 3.2 -5 2*862 1*235 9 1*622 —8 .1 2.7 - 9.8 6.9 .1 3.1 -.2 10.1 1.3 1.2 7.8 -.1 7.5 .6 .7 6.6 -.2 6 5 6 7 8 10*375 3*063 1*888 1*007 -318 12*135 1*505 1*230 389 112 7*113 -5,318 738 1*835 1*063 12*013 -5*633 2*088 1*353 1*121 7*686 3*360 1*229 656 620 6*913 1*678 2*166 366 95 26.9 5.1 .9 1.0 .9 36.7 8.9 .6 1.6 3.5 61.2 11.8 .9 -.6 2.8 38.0 -3.2 3.8 e 1.2 32.8 -1.8 1.9 -.3 .1 9 10 11 12 13 8*161 3*527 853 62 -281 7*781 5*032 880 2*027 -118 8*886 5*502 755 2*681 -12 9*763 6*025 1*282 2*881 -25 3*527 6*358 668 -1*890 11 3*967 2,772 361 892 -38 17.0 6.0 6.5 6.5 2.0 19.9 9.1 1.8 6.8 2.2 25.6 16.9 -.3 5.1 3.9 35.0 18.8 6.6 6.0 3.7 36.0 17.3 5.9 9.0 1.8 16 15 16 17 18 786 288 -70 1*228 687 -338 787 2*578 122 -1*806 1*287 -362 .6 -.6 .7 1.2 .3 .5 1.1 .2 -.7 19 -.6 20 -5 Corporate Bquities 7*156 6*222 16*379 5*822 21*516 11*630 22*021 7*766 12*687 6*375 13*155 6*819 5.7 .9 10.6 -.3 10.6 -2.6 6.5 .9 1.9 -. 1 1 2 936 -265 105 153 779 162 10*557 8*165 1*320 160 761 171 9*886 7,796 1*002 167 761 160 16*275 11*321 1*637 176 778 165 6*112 <*196 807 181 769 159 6*336 5*000 207 168 783 158 6.8 6.1 -.2 1.0 .9 -.9 10.9 9.9 .2 1.0 1-0 -1. 1 13.1 10.5 .3 1.6 .9 -.3 5.6 2.7 .6 .6 1.6 .6 1.9 -.1 -.5 1.1 .8 .6 3 6 5 6 7 8 9 Bet purchases Households 10 11 Butual fund shares Other equities 12 7*156 1,150 6*222 -5*072 16*379 611 5*822 -5,211 21*516 2*833 11*630 -8*797 22*021 6*066 7*766 -3,702 12*687 166 6*375 -6*207 13*155 2*337 6*819 -6*662 5.7 -.6 .9 -1.6 10.6 -3.8 -.3 -3.5 10.6 -6- 6 -2.6 -2.2 6.5 -3.5 .9 -6.8 1.9 9 -5. 1 10 -. 1 11 -5.0 12 13 18 15 Poreigo Connercial bashing Butaal savings banks 839 2 -116 1*598 6 -111 2*693 9 79 1*267 1 60 966 -3 72 682 -3 136 .5 * .2 6.7 • .2 2.8 • .1 2.7 ♦ .6 2.6 13 * 16 . 1 15 16 17 18 19 20 Insurance Life insurance conpanies Private pension funds St. aloe. govt. rtr. funds Other insurance coapanies 6*253 1*688 2*529 -663 699 11*173 200 5*738 6*528 707 13*222 2*291 5*701 6*512 718 9*766 1,567 6*571 2*877 731 9*330 696 2*369 5*768 761 8*069 300 2*795 6*220 756 6.7 2.3 2.3 2.6 -.5 9.3 1-9 5.8 2.6 -.7 16.3 3.0 7.3 3.1 .9 10.5 1.2 6.5 3.7 1.2 21 22 Butual funds Brokers and dealers 1*188 266 1,876 1*228 3*012 -336 6*325 2*578 3*760 -1*808 2*698 -362 -.6 — .6 -.9 1.2 -2.6 .5 -3.7 .2 1 Bet issues Butaal funds 2 3 8 5 6 7 8 Other sectors Bonfin. corporate business Poreiga Coaaercial banks other insurance coapaaies Beits IT/83 BASBD 01 PBBLIBIBABI AID IBCOBPLBTB IBPOBBATIOB 6.6 -. 1 1.9 2.6 2.0 16 17 18 19 20 -1.6 21 -.6 22 FBBBOABT 22, 1964 Private Securities Private Securities 35 State ♦ Local Governaent, Corporate, and Poreign Securities SEASOHALLI ADJOSTBD ABBOAL BATES SEASOHALLI IDJOSIID ABBOAL BATES 1979 1980 1981 1982 1983 | 1982 | III IT 1983 | | I II III IT State and Local Governaent Obligations 1 2 3 4 5 30.3 20.3 1.0 19.4 10.0 30.3 19.4 1.7 17.7 10.9 21.9 8.4 .9 7.5 13.4 50.5 35.4 5.6 29.8 15.1 44.3 34.9 -8.4 43.4 9.4 47.4 30.2 4.4 25.8 17.2 71.3 55.8 7.2 48.6 15.5 39.0 29.2 -16.1 45.3 9.8 80.7 69.1 -1.7 70.9 11.5 33.0 24.7 -7.6 32.3 8.3 24.6 Ret change in liabilities 16.8 State and local governaents Short-tern -8.2 Other 25.0 Bonfin. corporate business 7.8 (Industrial revenue bonds) 1 2 3 4 5 6 7 8 9 30.3 10.4 • -.5 30.3 7.0 -.2 .2 21.9 9.4 • .2 50.5 29.9 .1 1.0 44.3 31.0 -7 .3 47.4 27. 1 .7 1.0 71.3 36.3 .7 1.0 39.0 24.4 1.4 2.3 80.7 67.6 .6 -.9 33.0 16.4 .5 a 24.6 Bet change in assets Households 15.6 Bonfin. corporate busiaess .2 Statealocal govt. gen. funds -.3 6 7 8 9 10 11 12 9.5 -.1 -.4 13.6 • -.5 5.0 -1 -.1 4.7 -.5 .2 -9 * -.3 -2.2 -.5 -.2 18.6 -.5 1.1 -12.5 a -.3 7.6 a -.6 6.0 a -.1 2.4 a -.2 Coasercial bashing Savings and loan assns. Butaal savings banks 10 11 12 13 14 15 18 9.9 a ♦ 9.9 8.1 .3 .1 7.7 4.2 .5 -.2 4.0 4.5 1.9 -.5 3.0 2.5 1.7 -.4 1.3 2.9 1.8 -.8 1.9 2.9 2.1 -1.0 1.8 .8 1.5 -2-4 1.7 5.9 3.5 .9 1.5 2.5 1.8 -.3 1.0 .7 -.2 .1 .8 Insurance Life insurance coapanies State*local govt.rtr.funds Other insurance coapanies 13 14 15 16 17 18 1.4 -2 2.0 « 2.9 .2 10.9 -.2 8.9 .4 17.6 1. 1 11.8 -.6 21.8 1.0 1.3 -.8 6.4 1.2 6.2 Butual funds Brokers and dealers 17 18 Corporate and Poreign Bonds 1 2 3 1 2 3 29.0 17.3 3.9 34.6 26.7 .8 26.7 22.1 5.4 27.7 18.8 6.6 35-5 15.0 3.3 43.8 24.8 12.8 43.1 29.1 8.8 36.1 18.6 3.2 45.4 23.6 5-5 31.9 9.1 2.9 28-8 ■et issues Bonfin. corporate busiaess 8.8 1.4 Poreign 4 5 6 7 8 7.8 2.1 1.4 4.3 * 7.1 1.5 .4 5.4 -.2 -.8 1.2 -.5 17.2 5.1 • 12.1 • 6.3 2.4 .1 3.8 a 5.2 2.6 -.3 3-0 a 14.3 4.9 a 9.3 a 16.3 3.2 .1 13-0 a 19.8 6.0 a 13.8 a 18.6 6.3 12.3 -.7 2.3 1.1 V 1-2 a 9 10 11 12 13 29.0 5.7 2.6 -.1 -1.1 34.6 .6 8.2 .6 .7 26.7 -8.9 8. 1 • -1-0 27.7 -9.4 10. 1 1.9 -1. 1 35.5 -6.1 6.2 3.8 2.7 43.8 10.9 5.8 4.0 -1.3 43.1 3.8 4.9 1.4 .4 36. 1 -18.8 2.9 5.7 4.3 45.4 -19.4 8.2 5.4 4.5 31.9 11.1 4.9 2.6 1.7 28.8 Bet purchases 2.5 Bouseholds 8.6 Poreign 1.4 Connercial banking Hutnal savings banks .4 14 15 18 17 18 22.4 11.6 5.7 3.2 2.0 22.6 8.7 4.4 9.5 # 24.0 3.6 10.2 2.8 26.6 16.2 3-5 7.4 -.5 26.1 18.7 3.0 4.5 -.1 19.4 16.8 3.4 .2 -1. 1 34.4 23.4 3.4 8.1 -.5 32.3 18.8 3.0 10.6 a 35.5 20.5 5.1 9.9 -.1 17.2 20.6 2.6 -6.0 a 19.6 14.8 1.4 3.6 -.2 Insaraace Life insurance coapanies Private peasion funds St.*loc- govt. rtr. funds Other insurance coapanies 14 15 16 17 18 19 20 •8 -1.5 1.3 .7 1.6 2.8 .2 -.4 2.8 .1 3.0 2.0 -.3 -1.6 2.6 7. 1 3.1 8.0 .5 -6. 1 5.0 -8.7 Butual funds Brokers and dealers 19 20 -.8 7.3 Total finance Connercial banking Savings and loan assns. Pinance coapanies Beits 4 5 6 7 8 9 10 11 12 13 Corporate Bgaities 1 2 -3.8 .1 22.2 5.2 -3.7 6.8 35.4 18-6 69.2 32.6 30.0 26.2 64.0 21.8 82.2 42.7 91.9 34.8 51.5 27.0 51.1 Bet issues 25.8 Butual funds 3 4 5 6 7 8 -3.9 -7.8 .8 1.3 .9 .9 17.1 12.9 2.1 .4 1.2 .6 -10.6 -11.5 • -5 1. 1 -.7 16.8 11.4 1.3 .6 2.8 .7 36.6 28.3 3.9 .7 3.1 .6 3.7 -1. 1 .4 .6 3.1 .6 42.2 32.6 5.3 .6 3.0 .7 39.5 31.2 4.0 3.0 .6 57.1 45.3 7.3 .7 3.1 .7 24.4 16.8 3.2 .7 3. 1 .6 25.3 20.0 .8 .8 3. 1 .6 9 10 11 12 -3.8 -15.2 .1 -15.3 22.2 • 5.2 -5.1 -3.7 -31.6 6.8 -38.5 35.4 3.5 18.6 -15. 1 69.2 9.4 32.6 -23.2 30.0 .5 26.2 -25.8 64.0 10.0 21.8 -11.8 82.2 1.6 42.7 -41. 1 91.9 22.5 34.8 -12.2 51.5 -4.2 27.0 -31.3 13 14 15 1.7 * -.1 5.4 V -.5 5.8 -. 1 -.6 4.0 * -.5 5.4 • .3 4.1 • -.5 6.5 • -.4 10.3 • .3 2.8 • .2 6.5 • .3 2.0 * .5 16 17 18 19 20 14.1 .6 6.1 4.1 3.2 18.5 .5 9.6 5.3 3.1 20.6 2.9 7.3 8.3 2.0 25.2 3.4 11.5 7.7 2.7 40.4 4.7 15.4 17.4 2.9 19.0 6.8 12.1 -2.7 2.8 42.8 .8 21.1 18.1 2.8 52.4 9.2 22.4 18.0 2.9 38.8 6.3 18.1 11.5 2.9 39.9 2.0 12.0 23.0 3.0 21 22 -2.8 -1.5 -1.8 -7 -.6 2.8 3.5 -.4 13.6 -1 4.9 2.0 6.7 -1.6 10.5 7.1 19.4 8.0 15.2 -6. 1 BILLIOHS OP DOLLABS. IT/83 BASSO 0B IBCOBPLBTB IBPO1BATIOB. .7 Other sectors Bonfin. corporate business Poreign Coaaercial banks Other insurance coapanies Beits 1 2 3 4 5 6 7 8 51.1 Bet purchases 17.6 Bouseholds Hutual fund shares 25.8 -8.1 Other eguities 9 10 11 12 Poreign Coanercial banking Butual savings basks 13 14 15 30.3 1.2 9.2 16.9 3.0 Insurance Life insurance conpanies Private pension funds St.*loc. govt. rtr. funds Other insurance coapanies 16 17 18 19 20 9.3 -8.7 Butual funds Brokers and dealers 21 22 febioait 22, 1984 sortgaga* - I Hortgages - I Bortgage Harkets bj Type of Hortgage 36 0HADJ0ST1D BBT HOIS (I IILL) OIADJOSTTD BIT FLOWS (A BILL) ____ _______________ 1982 III IT | 1 1974 BILLIOBS Of DOLLABS 1977 1975 1976 1983 I II III IT 1978 Total Sortgages 1 lot change io aortgages Bom Mrtgages 2 flulti-fanily resid. 3 Coaaercial A Fara 5 21.507 17,750 -887 3,712 932 21,253 15,399 87 5,282 485 27,092 17,534 507 8,845 206 40,280 24,911 2,481 11,832 1,056 52,117 35,975 1,980 13,118 1,044 49,091 32,938 4,167 11,438 548 64.5 37.3 6.9 15.3 5.0 57.9 42.0 e 11.2 4.6 85.4 63.9 3-9 11.9 5.7 126.2 94.0 7.0 18.1 7.1 150.2 112.2 9. 1 21.7 7.2 1 2 3 4 5 6 Borrowings by: O.S. Goveraaeat 7 leita 8 21,507 -30 29 21,253 -31 29 27,092 -15 28 40,280 -32 28 52,117 -14 27 49,091 -20 27 64.5 -. 1 .2 57.9 -.1 •4 85.4 -.1 .4 126.2 -.1 a 150.2 -.1 .1 6 7 8 21,508 15,054 681 5,773 932 3,994 847 21.255 16,267 654 4,334 485 4,418 -569 27,079 20,698 631 5,750 206 7,275 -1,731 40,284 18,017 614 21,653 1,056 17,060 3,537 52,104 32,337 634 19,133 1,044 16,221 1,868 49,084 35,038 610 13,436 548 13,637 -749 64.4 38.0 1.1 25.4 5.0 19.4 .9 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 3.5 150.2 111.5 1.3 37.4 7.2 26.1 4.1 9 10 11 12 13 14 15 21,507 4,065 1,344 21,253 1,858 1,426 27,092 -806 1.470 40,280 -859 1,437 52,117 -1,176 1,458 49,091 512 1,500 64.5 6.9 2.5 57.9 6.2 1.6 85.4 7.4 1.3 126.2 8.1 .6 150.2 16 14.2 17 2.5 18 4.2 19 12.2 20 13.6 21 9 10 11 12 13 19 IS Private aoafinaacial aectora BonMbolda nonprofit iastitutioas lonfiaaacial beaiaeaa Far a a ■onfara aoacorforate Corporate 16 Funds advanced by: HouMholds 17 St.+loc. ggvt. gen. funds 18 19 20 21 O.S. Governaent Sponsored credit ag. (1) Hortgage pgola -54 4,446 13,280 812 2,954 18,288 -1,029 2,116 18,698 1,389 2,702 16,044 362 1,337 18,377 825 3,524 13,348 3.8 10.2 3.4 6.5 5.3 7.1 .4 2.9 12.2 4.2 3.5 16.1 22 23 24 25 26 27 Private fiaan. iaatitatioaa CoaMrcial baakiag Savings inatitetioaa S+1 associations (1) Hutual savings banks Credit nniona -1,574 4,320 -7,311 -7,073 -364 126 -4,085 3,400 -9,730 -9.473 -383 126 6,643 3,168 1,583 1,672 -216 127 19.567 6,846 10,334 10,022 185 127 31,767 10,882 18,381 17,424 829 128 29,362 9,446 16,237 14,953 1,156 128 37.8 12.8 21.3 19.0 2.2 .1 31.1 3.8 30.5 27.7 2.3 .5 61.2 15.1 47.6 42.7 4.4 .5 93.8 27.4 61.9 55.1 6.5 .3 103.5 35.1 58.4 51.4 6.5 .6 22 23 24 25 26 27 1,294 865 -98 466 61 200 -77 1,893 1,515 211 105 62 425 -73 1,667 1,112 328 164 63 225 - 2,112 1,694 240 116 62 350 -75 3,004 2,631 250 60 63 375 -75 3,399 2,836 300 200 63 400 -100 5.4 4.9 e .6 • -1.9 .2 2.8 2.9 • -.2 .1 -1.3 -4.8 2.6 2.4 e .2 .1 -.4 -3.8 5.8 5.2 .1 .3 .1 1.2 -2.4 10.2 9.4 .3 .5 ♦ .9 -1.1 28 29 30 31 32 33 34 35 (1) Beaoc FBLB loans to s+1 -1,756 -1,641 -5.985 -1,223 associations (included la "other loans" category) -931 1,091 6.7 -4.0 -2.0 4.3 28 29 30 31 32 33 34 Iaaaraace Life insorance coapanies Private pension funds St.+loc. govt. rtr.funds Other insurance cos. Flanges coapanies Beits 12.5 35 Bom Bortgages 1 let borroviug Households 2 nonfarn noncorp, business 3 4 lonfin. corporate business 17,750 15,054 1,348 1,348 15,399 16,267 -434 -434 17,534 20,698 -1,582 -1,582 24,911 18,017 3,447 3,447 35,975 32,337 1,819 1,819 32,938 35,038 -1,050 -1,050 37.3 38.0 -.3 -.3 42.0 40.6 .7 .7 63.9 61.4 1.2 1.2 94.0 90.8 1.6 1.6 112.2 111.5 .4 .4 1 2 3 4 5 let change in assets 6 Households 7 State and local governaents 17,750 3,955 792 15,399 1,421 913 17,534 -1,219 1,092 24,911 -1,688 1,269 35,975 -1,695 800 32,938 -1,621 900 37.3 6.4 .7 42.0 5.5 .8 63.9 4.8 •8 94.0 5.4 .2 112.2 11.5 2.0 5 6 7 8 9 10 11 O.S. Governaent Spons. credit agencies Hortgage pools Coaaercial banking 461 3,846 13,206 2,530 271 2,661 18,221 1,996 -531 1,923 17,962 -811 776 2,321 16,186 1,686 377 1,200 18,058 4,022 334 3,469 12,745 4,625 1.4 5.5 3.3 6.6 4.1 2.5 7.3 2.1 -.7 .5 11.9 9.2 2.5 .5 15.7 18.9 1.9 8 9.0 9 12.4 10 24.1 11 12 13 14 15 Savings institutions Savings and loan assns. Hutual savings banks credit unions -7,496 -10,301 -7,426 -10,353 -196 -74 126 126 -836 -1,931 968 127 4,561 3,145 1,289 127 12,588 11,320 1,140 128 12,112 11,047 937 128 16.1 15.3 .7 .1 22.6 21.3 .8 .5 38.8 35.2 3.1 .5 52.0 46.8 4.9 .3 50.5 45.1 4.9 .6 12 13 14 15 16 17 18 19 Insurance Life insurance coapanies Private pension funds St.+loc. govt. rtr. funds 368 414 -36 -10 -58 -122 80 -16 -196 -355 105 54 -425 -528 150 -47 -234 -326 100 -8 149 -31 125 55 -1.4 -1.4 « .1 -1.9 -1.4 -.1 -.4 -1.6 -1.5 -. 1 a -1.3 -1.4 • .1 -. 1 -.3 .3 -. 1 16 17 18 19 20 21 Finance coapanies Beits 113 -25 300 -25 150 - 250 -25 779 80 250 -25 -1.2 -.2 -.5 -.5 .4 -.2 •4 -.2 IT/83 BASBD OB PBBL1B1IAIT ABD 1ICOBPLBTB IIFOBBATIOB 1.1 20 -.2 21 er*464E**«34|P** FEBBOABI 22, 1984 nortgages - I Hortgages - I Bortgage Markets by Type ot Bortgage 37 SEASONALLY ADJUSTED AMMOAL SATES 1980 1979 1981 SEASOMALLT ADJUSTED AMMOAL BATES 1982 1983 I 1982 | III 17 | 1i 1983 I II III IT Total Hortgages 1 2 3 4 5 163.5 120.0 7.7 24.0 11.8 134.9 96.7 8.7 20.1 9.3 113.9 75.9 4.0 24.2 9.7 83.0 56.6 1-2 20.1 5.2 168.6 111.4 9.1 45.2 2.9 74.8 56.6 -3.7 17.4 4.5 84.9 60.5 .2 19.9 4.4 124.3 86.3 2. 1 36.6 -.7 156.1 99.6 10.2 43.7 2.7 197.4 128.9 7.7 55.9 4.9 196.5 Met change in nortgages 130.7 Hoae nortgages 16.6 Bulti-faaily resid. 44.8 Coaaercial 4.5 Para 1 2 3 4 5 6 7 8 163.5 -.1 « 134.9 -.1 -.1 113-9 -- 1 -.5 83.0 -.1 .1 168.6 -.1 •1 74.8 -. 1 .1 84.9 -.1 .1 124.3 -.1 .1 156.1 -.1 .1 197.4 -.1 .1 196.5 Borrowings by; -.1 O.S. Governaent .1 Beits 6 7 8 9 10 11 12 13 14 15 163.6 121.2 1.5 40.8 11.8 27.6 1.4 135. 1 98.3 1.9 34.9 9.3 23.5 2.0 114.5 78.8 2.3 33.4 9.7 25.2 -1.5 83.0 55.8 2.6 24.6 5.2 19.6 -.2 168.6 106.1 2.5 60.0 2-9 54.2 2.9 74.8 55.0 2.7 17.0 4.5 13.9 -1.4 84.9 57.7 2.6 24.6 4.4 19.5 .7 124.2 77.9 2.5 43.9 -.7 40.8 3.7 156.1 90.0 2.5 63.7 2-7 55.6 5.4 197.4 123.6 2.5 71.2 4.9 63.7 2.6 196.5 132.9 2.4 61.1 4.5 56.6 « 16 17 18 163.5 20.0 6.3 134.9 22.2 9.9 113.9 23-1 7.6 83.0 15.3 4.9 168.6 -2.3 5.9 74.8 18.2 5-4 84.9 8.4 5.7 124.3 -4.7 5.9 156.1 -3.3 5.7 197.4 -4.3 5.8 196.5 Pends advanced by: 3.0 Households 6.0 St.tloc. govt. gen. fends 19 20 21 6.6 14.4 23.1 7.5 14.1 19.2 4.9 12.6 15-0 2.4 13.8 49.5 1.5 9.7 66.5 -.5 15.8 53.4 3.7 12.6 70.8 -4.3 10.1 74.6 5.4 11.2 66.2 1.3 2.7 74.3 3.7 14.8 50.8 22 23 24 25 26 27 93.0 30.6 48.4 44.2 3.6 .6 62.0 17.8 29.8 28.7 .6 -5 50.6 21.5 18.4 18.3 -.4 .5 -3.0 16.1 -25.6 -23.5 -2.6 .5 87.4 29.5 46.5 44.1 2.0 .5 -17.5 14.4 -38.7 -37.2 -2.0 .5 -16.3 14.0 -38.1 -36.3 -2.3 .5 42.7 17.9 17.5 17.2 -.2 -5 70.9 23.5 38.2 36.3 1.3 .5 117.7 38.6 64.3 61.0 2.8 .5 118.2 38.2 66.1 61.7 3.9 .5 28 29 30 31 32 33 34 14.2 12.6 .3 1.0 .3 .8 -1.0 14.5 12.3 .6 1.3 .3 .6 -.7 8.9 6.7 -1 1.8 .4 2.9 -1. 1 6. 1 4.2 .4 1-3 .3 1.1 -.7 10.2 8.3 1.1 .5 .3 1.4 -.3 6. 1 4.3 -.3 1.9 .2 1.0 -.3 5.3 3.8 .8 .4 .2 2.7 -.3 7.5 5.1 1.5 .7 .3 -.3 8.5 7.2 .6 .5 .2 1.0 -.3 13.0 11.4 1.1 .2 .3 2.0 -.3 11.6 9.4 1.2 .8 .3 2.7 -.4 35 9.2 7.1 16.2 .8 -7.0 -11.6 -6.0 -14.4 Private nonfinancial sectors Households Monprofit institations Nonfinancial besiaess Paras Monfara noncorporate Corporate 9 10 11 12 13 14 15 16 17 18 O.S. Governaent Sponsored credit ag. (1) Bortgage pools 19 20 21 Private finan. iastitotioas Coaaercial baakiag Savings iastitotioas S*1 associatioas (1) Beteal savings banks Credit eaioas 22 23 24 25 26 27 Insurance Life insurance coapanies Private pension fends St.*loc. govt. rtr.fends Other insurance cos. Pinnace coapanies Beits -11.4 -8.4 6.0 (1) Beno: PHLB loaas to s*l associatioas (incleded in •other loans* category). 28 29 30 31 32 33 34 35 Howe Bertgages 1 2 3 4 120.0 121.2 -.6 -.6 96.7 98.3 -.8 -.8 75.9 78.8 -1.4 -1.4 56.6 55.8 .4 .4 111.4 106.1 2.6 2.6 56.6 55.0 .8 .8 60.5 57.7 1.4 1.4 86.3 77.9 4.2 4.2 99.6 90.0 4.8 4.8 128.9 123.6 2.6 2.6 130.7 Bet borrowing Households 132.9 Monfara noacorp. besiaess -1.1 -1. 1 Bonfia. corporate business 1 2 3 4 5 6 7 120.0 16.0 4.7 96.7 20.5 7.9 75.9 20.5 5.8 56.6 13.2 2.9 111.4 -6.2 4.1 56.6 17.3 3.2 60.5 5.7 3.7 86.3 -4.9 4.4 99.6 -6.8 5.1 128.9 -6.8 3.2 130.7 Met change in assets Households -6.5 State and local governaents 3.6 5 6 7 8 9 10 11 2.3 9.2 21.8 20.0 2.7 7.6 18.7 10.9 2.4 5.0 14. 1 9.7 1.5 10.3 49.3 6.3 1.0 8.9 65.0 9.5 1.7 12.9 53.1 6.6 1.2 10.3 70.6 6.7 -2.3 9.9 71.7 2.3 3.3 10.8 66.7 5.5 1.4 1.6 73.0 13.3 1.4 13.5 48.4 17.0 O.S. Governaent Spons. credit agencies Bortgage pools Coaaercial banking 8 9 10 11 12 13 14 15 42.9 39.5 2.8 .6 28.1 26.5 1. 1 .5 17.0 16. 1 .3 .5 -27.5 -26.2 -1.8 .5 28.4 23.6 4.3 .5 -40.0 -39.4 -1. 1 .5 -39.4 -38.4 -1.5 .5 6.8 1.6 4.7 .5 15.8 9.5 5.8 .5 40.5 35.6 4.3 .5 50.7 47.7 2.5 .5 Savings institations Savings aad loaa assas. Beteal saviags banks Credit unions 12 13 14 15 16 17 18 19 2-4 1.8 .3 .3 2.5 1.8 .4 .4 —.4 -.7 -. 1 .4 -.2 -.5 .2 .1 -.7 -1.2 .5 .1 1.3 1.4 -. 1 a -.3 -.6 .4 -.1 -.9 -1.8 .6 .2 -1.3 -1.3 .2 -.2 -1.3 -1.7 .5 a .7 -.1 .6 .2 Insurance Life insurance coapanies Private pension funds St.*loc. govt. rtr. funds 16 17 18 19 20 21 .9 -.2 -2.2 -.1 2.0 -. 1 1.0 -.2 1.4 a .7 -. 1 2.2 -.1 -.6 - .6 -.1 3.6 .3 2.1 -.1 Finance coapanies Beits 20 21 BILLIONS OP DOLLABS. IT/83 BASED OM IBCOBPLSTB IMPOBHATIOM. PBBIUABI 22, 1984 Bortgages - II Bortgages - II Bortgage Barkuts (Coatiaaed) 3* OBADJOSTBD BBT FLOWS(f Bill) OIABJOSTBD BR FLOWS(8 BILL) 1982 III IF 1983 | | I II IF III 1974 BILLIOBS OF DOLLABS 1975 1978 1977 1978 lulti-Faailf lesldeatlal Bortgages 1 Net borroviag Bonfara aoacorp. business 2 Nonfin. corporate business 3 Beits 4 o.S. Goveraaeat 5 -887 -621 -246 10 -30 87 5 103 10 -31 507 456 57 9 -15 2*481 2*232 272 9 -32 1*980 1*782 203 9 -14 4*167 3*750 428 9 -20 6.9 5.5 1.4 -1 -.1 • -.3 .3 .1 -. 1 3.9 2.7 1.2 .1 -. 1 7.0 5.1 2.0 a -.1 9. 1 6.5 2.7 a -. 1 1 2 3 4 5 6 Net change ia assets Households 7 State and local governnents 8 -887 -108 372 87 1 369 507 111 239 2*481 189 235 1*980 -305 300 4*167 664 300 -.1 6.9 • -.3 .7 3.9 .2 .3 7.0 .4 .3 9.1 .5 .4 6 7 8 .9 9 a 10 1.5 11 1. 1 12 1.4 9 10 11 12 O.S. Goveraaeat Spons. credit agencies Bortgage pools CosaeOcial banks -849 -38 100 235 314 -35 69 175 -400 -10 499 -191 116 30 110 646 -189 -96 338 548 252 -31 404 547 -7 2.2 .2 .6 1.2 .2 .4 -1.7 .2 -.1 .5 2.2 .3 .1 .9 1.1 ' 13 14 15 Savings institutions 5avbags aad loan assas. Butual savings banks -802 -605 -197 -780 -726 -54 111 957 -846 1*020 1*763 -735 1*957 2*235 -278 1*507 1*439 68 1.7 1.0 .7 2.6 1.7 .9 3.3 2.9 •4 4.9 4.1 .8 16 17 18 Life insurance coapaaies Private pepsioa funds St.vlocal govt. rtr. funds -15 -14 223 -120 18 51 -22 11 134 -47 15 126 79 50 73 344 50 80 1.2 • .1 a • .2 -.5 a a -.4 a -.2 .2 16 -.1 17 .6 18 19 20 Finance coapaaies Beits 34 -25 50 -25 25 50 -25 -655 -120 75 -25 -1.3 .2 -.8 -2.6 -.5 -1.7 .3 -.8 . 1 19 -.5 20 ' 4.4 13 3.6 14 .8 15 Coaaercial Bortgages 1 Bet borrowing Households 2 Nonfarn noncorp. business 3 Nonfin'. corporate business 4 Beits 5 3*712 681 3*267 -255 19 5*282 654 4*847 -238 19 8*845 631 8*401 -206 19 11*832 614 11*381 -162 19 13*118 634 12*620 -154 18 11*438 610 10 .937 -127 18 15.3 1.1 14.2 r.2 .1 11.2 1.0 12.0 -2.1 -3 11.9 .8 10.6 •3 18.1 1.1 17.1 -.1 • 21.7 1.3 19.3 1. 1 .1 6 Net change is assets Households 7 State and local governaents 8 U.S. Governaeat 9 Coaaercial baakiag 10 3*712 -16 191 202 1*528 5,282 254 133 168 1.219 8*845 269 152 64 4*082 11*832 443 -54 99 4*136 13*118 SOS 250 104 5*255 11 *438 1 .349 200 296 4 .170 15.3 -.9 .3 1.4 5.0 11.2 -.3 V .5 3. 1 11.9 <7 V .4 3.4 18. 1 .9 • .6 6.3 21.7 6 1.2 7 V 8 .6 9 9.2 10 1 2 3 4 5 11 12 13 Saviags institutions Savings and loan assas. Butual savings banks 988 958 30 1*350 1*606 -256 2*308 2*646 -338 4*746 5*114 -368 3*836 3*869 -33 2 *617 2 .467 150 3.4 2.6 .8 5.3 4.6 .7 5.6 4.6 .9 4.9 4.2 .7 3.5 11 2.7 12 .8 13 14 15 16 17 Life insurance coapaaies Private peosion funds St.»local govt. rtr. funds Other insurance coapaaies 527 -48 253 61 1*861 113 70 62 1*657 212 -12 63 2*258 75 42 62 2*793 100 -4 63 2 .529 125 64 63 4.0 • .5 e 3.9 .1 .3 .1 3.7 .1 .2 .1 5.5 .1 .4 .1 7.8 .1 .1 V 18 19 Finance coapanies Beits S3 -27 75 -23 50 50 -25 251 -35 75 -50 .6 .2 e -1.8 -.3 -1.8 .6 -1.3 14 15 16 17 -.3 18 -.5 19 Para Bortgages 1 Net borrowing 932 485 206 1*056 1*044 548 5.0 4.6 5.7 7.1 7.2 1 2 Net change in assets Households 3 State and local governaents 4 932 234 -11 485 182 11 206 33 -13 1*056 ,97 -13 1.044 319 100 548 120 100 5.0 1.4 e 4.6 1.4 • 5.7 1.7 .1 7.1 1.4 • 7.2 .9 .1 2 3 4 5 6 7 U. S. Governnent Sponsored credit agencies nortgage pools 132 638 -26 59 328 -2 -162 203 237 396 343 -252 70 233 -19 -57 86 199 .2 2.5 V .7 2.6 -.6 .6 2.5 -.2 .8 2.9 -.5 .8 3.2 -.3 5 6 7 8 9 10 11 coaaercial banks Butual saviags banks Life insurance conpanies St.vlocai govt. rtr. funds 27 -1 -61 - 10 1 -104 - 88 -168 -12 378 -1 ,1 -5 257 85 -1 104 1 -6 1 .6 • .3 -. 1 .3 • .4 -.2 .4 • .7 V 1.0 • 1.4 V .7 8 * 9 1.7 10 • 11 IF/83 BASBD ON PBBLIRIWABT AND IHCOBPLCTE INFOBHATION FEB BO AST 22, 1984 Hortgages - II Hortgages - II 39 Hortgage Harkets (Continued) SEASC1ALLT ADJUSTED ABBOAL BATES SEASOMALLT ADJOSTBD ABBOAL BATES | 1979 1980 1981 1982 1983 1962 1 Ill I IT 1 1983 I II IT III flolti-Faaily Besideatial Hortgages 1 2 3 4 5 7.7 5.4 2.4 • -.1 8.7 5.8 3.0 a -.1 4.0 3.0 1.3 -.2 -. 1 1-2 .6 .5 a -. 1 9.1 8.2 1.0 a -.1 -3.7 -2.5 -1.2 a -.1 .2 a .2 a -. 1 2.1 1.8 .3 a •-1 10.2 8.9 1-3 -.1 7.7 7. 1 .6 a -.1 6 7 8 7.7 .5 1.2 8.7 .5 1.5 4.0 a 1.2 1.2 a 1.3 9.1 .7 1.1 -3.7 -.4 1.5 .2 a 1.5 2.1 .4 1.0 10.2 .8 .9 7.7 -1.2 1.2 9 10 11 12 1.1 .2 1.2 .9 1.9 .2 .7 1.7 1.0 -. 1 1. 1 2.2 -.3 -.1 .4 -6 -.2 -.1 1.4 1.6 -3.4 -.2 .4 .9 1.3 -.1 .3 .7 -1.6 a 2.0 -.8 .5 -2 .4 2.6 -.8 -.4 1.4 2.2 1.0 1 1.6 2.2 O.S. Governaent Spons. credit agencies Hortgage pools Coaaercial banks 9 10 11 12 13 14 15 2.1 1.5 .6 .1 .6 -.6 -.5 -.3 -.2 -1.5 -.8 -.7 4.6 6.4 -1.8 -3.2 -2.4 -.8 -3.1 -2.9 -.2 .4 3.8 -3.4 4.1 7.1 -2.9 7.8 8.9 -1.1 6.0 5.8 .3 Savings institutions savings aad loan assns. Hutual savings basks 13 14 15 16 17 18 .3 a .6 .2 a .5 -.2 -. 1 .9 -.4 a .6 .4 .1 .4 -.2 -. 1 .9 -.6 a .2 a .1 .5 .1 .1 .5 .1 .2 .3 1.3 .1 .3 Life insurance coapanies Private pension fuads St.*local govt. rtr. funds 16 17 16 19 20 -.1 -.2 1.7 -.3 -1. 1 -.3 .8 -.2 -.5 -.2 . 1 -. 1 .2 -.1 .1 .2 -.1 -2.6 -.5 .3 -.1 Pinance coapanies Beits 19 20 a 16.6 Vet borrowing 15.0 Bonfara noncorp, business 1.6 Bonfin. corporate business a Beits -.1 O.S. Governaent 1 2 3 4 5 16.6 Het change ia assets 2.7 Bouseholds 1.2 State aad local governaents 6 7 8 Coasercial Hortgages 1 2 3 4 5 24.0 1.5 22.8 -.4 24.2 2.3 23.6 -1.3 -.3 20.1 2.6 18.4 -1.1 .1 45.2 « 20.1 1.9 18.4 -.2 -.1 43.3 -.7 .1 17.4 2.7 15.6 -1.0 .1 19.9 2.6 18.1 -1.0 .1 36.6 2.5 34.8 -.8 .1 43.7 2.5 41.9 -.7 .1 55.9 2.5 53.9 -.6 .1 44.8 Ret borroviag 2.4 Bouseholds 42.7 Boafara noacorp. business -.5 Bonfia. corporate busiaess Beits .1 6 7 8 9 10 24.0 1.1 .2 .8 9.7 20.1 .8 .3 1.2 5.1 24.2 1.0 .5 1.0 9.9 20.1 .7 .8 .7 9.0 45.2 2.6 .5 .6 17.6 17.4 -.1 .8 .8 6.8 19.9 1.0 .5 .7 6.7 36.6 1.1 .6 .3 15.8 43.7 1.8 -.2 .4 13.9 55.9 2.0 1.0 .4 22.1 44.8 let change in assets 5.4 Households .8 State and local governaents 1.2 O.S. Goveraaent 18.7 coaaercial banking 11 12 13 3-4 3.1 .2 1.6 1.6 • 2.0 2.5 -.6 3.4 3.5 -.1 13.5 14.1 -.6 4.4 4.6 -. 1 4.4 5.0 -.6 10.3 11.8 -1.5 18.3 19-8 -1.5 16.0 16.5 —.4 9.4 8.3 1.1 Savings institutions Savings and loan assns. Butual savings beaks 11 12 13 14 15 16 17 8.9 9.5 .2 .3 .3 7.5 .2 .4 .4 5.3 .1 .6 .3 9.2 .5 .1 .3 3.5 -.2 1.0 .2 5.4 .5 .3 .2 7.2 .8 a .3 8.7 .3 .2 .2 12.8 .4 a .3 8.2 .5 .3 .3 Life insurance conpanies Private pension funds St.+local govt. rtr. funds Other insurance coapanies 14 15 16 17 1.0 -.4 2.0 -.6 -.7 -.3 .4 -.1 .2 -. 1 •3 -.1 .2 - .2 -.1 1.0 -.1 .3 -.2 Pinance coapaaies Beits 18 19 18 19 a •2 .3 a -.5 2.5 1 2 3 4 5 6 7 8 9 10 Tara Hortgages 1 11.8 9.3 9.7 5.2 2.9 4.5 4.4 -.7 2.7 4.9 4.5 Bet borrowing 1 2 3 4 11.8 2.4 -2 9.3 -3 .3 9.7 1.6 .1 5.2 1.4 • 2.9 .7 -2 4.5 1.3 a 4.4 1.7 a -.7 -1.3 -.1 2.7 .9 -.1 4.9 1.7 .4 4.5 Bet change in assets 1.4 Bouseholds .4 State and local governaents 2 3 4 5 6 7 2.3 5.0 .1 1.8 6.3 -.2 .6 7.6 -.1 .5 3.6 -.2 .2 .9 .2 .4 3. 1 -.1 .6 2.4 a -.6 .2 .9 1.3 .3 -1.0 .2 1-5 -.1 .1 1.5 .8 5 6 7 8 9 10 11 .1 -1 • .8 * -.3 .1 a .1 • -.3 • .8 -.1 a a 1.7 • a -.3 ■ —.4 .5 — .4 1.5 a -.2 a -9 .3 .3 a a « BILLIOHS OP DOLLABS. a IV/83 BASED OB IBCOHPLETB IBFOBHAT1OB. a a a a O.S. Governaent Sponsored credit agencies Hortgage pools Connercial banks Butual savings banks Life insurance coapanies st.+local govt. rtr. funds 8 9 10 11 PEBB0A1T 22, 1984 Coiismc cr dit and Bank Loans I. E. C. 40 Consaaer Credit aad Bank Loans B.B.C. Coosaner Credit and Bask Loans lot Elsewhere Classified OBADJOSTBD BBT PLOWS(S BILL) OBADJOSTBD BBT PLOWS(E HILL) 1982 III IV 1983 | | I III II IT 1974 BILLIOBS OP DOLLABS 1975 1976 1977 1978 Consuner credit 1 Bet change ia liabilities (BB) Instaiilaent credit 2 Moaiaskallsent credit 3 6,339 5,166 1,173 10,290 7,329 2,961 -2,651 -2.230 -421 12,835 10,444 2,391 17,142 14,592 2,550 26,842 20,323 6,519 9.9 9.5 .4 9.6 7.7 1.9 25.4 21.5 3.9 40.2 37.0 3.2 48.8 43. 1 5.7 9 Bet change ia assets Isstalilneat credit S Boafara ncncorp. basiaess 6 Boafia. corporate basiaess 7 Coaaercial banking 8 Savings aad loan assns. 9 fletnal savings banks 10 Credit unions 11 Piaaace coapanies 12 6,339 5,166 12 -65 2.574 1,139 86 964 456 10,290 7,329 208 578 2,268 840 82 407 2,946 -2,651 -2,230 -169 -1,351 -750 1,192 129 -172 -1,109 12,835 10,444 52 284 5,284 1,124 111 1,571 2,018 17,142 14,592 682 9,368 923 211 2,471 937 26,842 20,323 302 1,799 11,281 1,438 185 2,388 2.970 9.9 9.5 • .3 4. 1 .7 .2 2.3 1.9 9.6 7.7 1 .3 2.9 .5 .2 3.8 .2 25.4 21.5 a .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 4 43.1 5 • 6 .6 7 23.6 8 • 9 .5 10 6.7 11 11.6 12 Mosiastallaeat credit Boafara aoacorp. basiaess Boafia. corporate business Coaasrcial banking Saviggs and loan assas. Bntaal savings banks 1,173 241 177 275 315 165 2,961 838 1,496 171 372 84 -421 535 -812 -492 263 85 2,391 656 370 900 385 80 2,550 645 495 850 405 155 6,519 1.637 2,147 1,985 610 140 .4 .7 -3 -.8 .2 • 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 13 14 15 16 17 18 13 14 15 16 17 10 1 2 3 Bank Loans lot Blsewhere Classified Total loans at coaaercial banks, flow of faads basis 23,054 18,694 -4,168 17,955 21,174 46,818 57.7 -2.1 43.8 82.0 116.4 1 4,320 2,849 1,352 773 13,760 3,400 2,439 3,372 -33 9,516 3,168 -1,242 -3,204 -490 -2,400 6,846 6,184 3,307 -1,419 3,037 10,082 10,218 -2,225 332 2,767 9,446 13,266 5,048 198 18,660 12.8 3.4 -2.2 2.2 41.5 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 59.3 2 3 4 5 6 11,248 -257 2,769 9,654 94 -232 -2,366 43 -77 5,340 -235 -2,068 1,366 -105 1,506 19,823 63 -1,226 34.3 .9 6.3 -12.8 -.5 1.2 3.2 -.3 3.5 24.6 .6 4.7 42.1 -1.0 18. 1 7 8 9 10 ♦ Loans by P.l. banks 11 « Total -bank loans a.e.c. 13,760 9,516 -2,400 3,037 2,767 18,660 41.5 -12.1 6.4 29.9 - 10 59.3 11 12 Bet chaage ia liabilities Bonfinanciai sectors 13 14 Boaseholds 15 Para basiaess 16 Boafara noacorp. basiaess 17 Corporate business 13,760 14,229 536 1,235 1,179 12,341 9,516 8,229 2,909 -872 742 6,214 -2,400 -780 -3,747 310 783 -2,526 3,037 4,286 1,362 2,071 512 -1,092 2,767 3,265 -368 586 205 3,401 18,660 18,242 182 201 -41 17,244 41.5 36.9 1.6 1.1 -1.0 31.1 -12.1 -8.4 -1.2 2.0 -2.0 -9.1 6.4 10.1 • 3.0 -3.6 5.2 29.9 30.2 2.8 2.5 .9 20.9 59.3 56.5 4. 1 2.5 .3 30.6 12 13 14 15 16 17 1 Loans elsewhere classifieds Bortgages 2 3 Consaaer credit Security credit 4 5 Opeaeaarket paper 6 » Banking sector total bask loans a.e.c. 7 O.S.chartered banks 8 Doaestic affiliates Poredga banking offices 9 18 19 20 21 Poreign Official institatioas Bagks Other -1,062 414 -190 -1,286 -764 -519 1,626 -1,871 4,400 1,255 781 2,364 1,433 851 54 528 -559 -266 -530 237 656 516 148 -8 4.0 .3 3.1 .6 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 18 19 20 21 22 23 24 25 Pinancial sectors Savings aad loan assas. Pineace coapanies Beits -469 -966 476 21 1,287 -2,224 3,491 20 -1,620 -47 -1,593 20 -1,249 1,205 -2,472 18 -498 1,134 -1,647 15 418 -525 931 12 4.6 -.4 .7 4.4 -3.7 -.3 -2.8 -.6 -3.7 .2 -2.1 -1.9 -.3 1.4 .7 -2.4 2.8 .3 3.9 -1.4 22 23 24 25 11/83 BASED OB PBBLIHIBABT ABD 1BCOBPL1TE IBPOBBATIOB FEBBOAB! 22, 1984 Consaaer Cr dit aad Baak loaas 1.1.C. Consuaer Credit aad Baak loaas l.B.C. Consuaer Credit and Bask loans lot Bisevkere Classified 41 SEASQIAUl ADJ DSHD A 111 Oil BATES 1979 1980 1981 1982 SEASO1A11I ADJUSTED A110 A1 BATES 1983 I 1982 1 III If I 1 1983 I II III If coasaner Credit 1 2 3 45.4 38.4 7.1 4.9 1.4 3.4 24.1 18.2 5.9 18.3 13.1 5.2 54.2 43.1 11.0 11.1 9.2 2.0 23.6 17.0 6.5 28.8 24.9 3.9 50.7 38.7 12.1 50.3 43.6 6.7 86.8 let change in liabilities (BH) 65.4 Installnent credit 21.4 loaiastaUseat credit 4 S 6 7 • 9 10 11 12 45.4 38.4 • .5 18.2 1.3 * 2.2 16.2 4.9 1.4 -.1 -.1 -7.2 1.5 .1 -2.5 9.8 24.1 18.2 .1 .3 .6 1.7 -.1 1.9 13.7 18.3 13.1 ♦ -.4 4.4 2.6 .2 1.3 4.9 54.2 43.1 .2 1.4 25.2 4.7 .6 6.2 4.8 11. 1 9.2 a -1.5 3.2 4.0 •3 1.5 1.5 23.6 17.0 a -2.2 6.2 3.1 .3 2.6 6.9 28.8 24.9 .1 .5 10.6 5.2 .5 .9 7.2 50.7 38.7 .3 1.6 21.2 4.8 .4 6.3 3.9 50.3 43.6 a 1.2 28.3 3.2 .8 7.3 2.8 86.8 let change in assets 4 65.4 Isstallaent credit 5 .4 loafarn aoncorp. business 6 2.4 lonfin. corporate hosiaess 7 40.6 8 Coanercial baakiag 5.5 9 Savings aad loan assas. .7 Hoteal savings banks 10 10.4 Credit onions 11 5.4 Pinance coapanies 12 13 14 1$ 18 17 18 7.1 1.8 1.1 1.7 2.4 • 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 2.0 .6 .5 -1.1 1.3 .7 6.5 .5 3.6 .6 1.5 .3 3.9 3.3 -1.0 .3 1.1 .3 12.1 4.2 2.2 3.8 1.5 •3 6.7 2.0 1.6 .9 1.6 .6 21.4 4.4 6.0 8.0 2.4 .6 50.1 58.0 154.4 loaiastaUseat credit loafarn noacorp. business lonfin. corporate hosiaess Coaaercial banking Savings and loan assas. Botoal savings banks 1 2 3 13 14 15 16 17 18 Bank loaas lot Elsewhere Classified 1 104.8 62.0 92.2 74.2 81.6 69.9 43.6 63.9 2 3 4 5 6 30.6 19.9 -.9 2.2 53.0 17.8 -6.2 .8 1.8 47.8 21.5 4.0 5.3 .8 60.6 16.1 6.3 • •3 51.4 29.5 28.4 2.9 -1.4 22.1 14.4 2. 1 7.5 .2 45.7 14.0 6.8 .5 2.5 19.8 17.9 10.9 4.0 -1.1 32.3 23.5 25.0 8.6 -6.9 -.1 38.6 29.2 -6.7 -2.2 -.9 38.2 48.6 5.8 4.7 57.0 7 8 9 39.9 -.1 13.2 32.3 -.1 15.5 54.7 .1 5.8 51.2 .1 .2 24.2 -.2 -1.9 44. 1 -1.0 2.7 21.9 •4 -2-5 30.7 .2 1.4 -.4 -.9 1.2 3.5 -.4 -4.0 62.8 .3 -6.0 10 11 «. 53.0 47.8 60.6 51.4 22.1 45.7 19.8 32.3 -.1 -.9 12 13 14 15 16 17 53.0 53.4 1.9 2.8 .6 45.9 47.8 48.2 3.6 .5 3.4 29.1 60.6 58.4 4.3 1.4 6.2 42.9 51.4 48.2 2.4 3.2 7.3 41.5 22.1 25. 0 -2.6 3.2 1.5 17.0 45.7 44.5 •4 3.7 6.8 44.9 19.8 18.7 6.0 .3 3.3 12.1 32.3 36.6 -2.0 3.8 3.8 6.6 -.1 5.9 -.2 2.8 -1.5 -.1 18 19 20 21 2.3 2.1 -4.1 4.2 11.5 4.5 4.7 2.3 3.7 .8 -4.5 7.3 -6.2 a .7 -6.8 5.9 2.4 .5 3.1 -11.2 1.7 -5.3 -7.6 -3.1 -2.1 8.3 -9.4 24.4 5.0 8.2 11.2 22 23 24 25 -.4 2.0 -1.0 -1.4 -.4 -.1 1.4 -1.7 2.2 -.2 1.0 1.5 3.2 -3.8 6.9 .1 -2.9 1.8 -4.8 .1 1.3 -6.8 8.8 .1 1.1 -5.9 6.9 .1 -4.3 -.7 -3.7 .1 BU1I01S OP D011ABS. If/83 BASED 01 IICOB11STB IIPOBHATIOI. Total loans at coaaercial banks, flow of fnnds basis - loans elsewhere classified: Bortgages Consoaer 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 7 8 9 ♦ loaas by F.B. banks 57.0 * Total bank loans n.e.c. 10 11 -.9 -2.0 -2.9 1.1 3.1 5.4 57.0 let change in liabilities 59.5 lonfiaaacial sectors -5.1 Bovsekolds 5.0 Para bnsiaess .4 loafarn noacorp. business Corporate bnsiaess 56.2 12 13 14 15 16 17 5.0 3.4 -3.6 5.2 -8.6 -1.1 -6.2 -1.3 2.9 2.1 3.4 -2.5 Foreign Official institutions Banks other 18 19 20 21 -6.1 4.7 -10.9 .1 1.1 1.1 -.1 .1 -2.5 1.9 -4.4 * Financial sectors Savings aad loan assas. Fiaance conpanies Beits 22 23 24 25 FlBlOAXT 22, 1984 Other Loaas Other Loaas 43 Open-Barkst taper and Other Loess IIAMOSTIO lit FLOWS(1 IILL) OlAbJBSTID lit PLOWS(S BILL) 1982 XIX It i I im I IX XXI XI im BXLLXOIS or DOLLAIS 1975 1976 1977 1978 26.8 18.8 2.7 1.0 1 2 3 8 18.6 6.7 7.8 .1 5 6 7 8 8.0 2.5 1.2 1.2 5.6 9 10 11 12 13 26.8 15.8 .2 7.9 18 15 16 17 -1.2 -.8 -1.3 .8 .2 18 19 20 21 22 Opea-Harket taper 1 total aet Issues, all types Coaaercial paper 2 loafianncinl corporations 3 Foreign Issaos la O.S. 8 5 8 7 8 Financial busiaess Coaaercial banking Pittance coapaaios Beits 9 10 11 12 13 Bankers acceptances loaflaaacial business loncorporate Corporate Foreign 1« lot purchases, by sector 15 Households Boafia. corporate bosiaess 18 Foreign 17 18 19 20 21 22 Speasored credit ageacies Boaetary authority Coaaercial bankiag Savings ♦ loan associations Hstaal saviags banks 23 28 25 Life iaseraaco coapaaios Butual funds Boney aarket fends -7,382 -9,857 *8,388 -15,382 *2,015 >-11,738 -283 -188 -8,896 8,208 2,586 1,733 5,172 5,108 -1,618 1,770 7,185 8,883 1,127 829 10,167 5,827 -2,512 2,158 17.7 8.1 8.1 .2 -1.2 -1.5 -2.9 .8 8.1 8.8 1.8 .7 15.0 11.8 1.6 .6 *8,209 -8,331 -1,887 -31 -3,801 700 -8,070 -31 -75 831 -876 -30 8,952 631 8,350 -29 2,527 1,587 1,007 -27 5,785 888 8,962 -25 3.8 3.5 3.6 -3.3 1.1 .3 .6 .1 2.2 -.8 3.3 -.3 9.6 1.3 8.8 e 1,008 712 358 358 298 5,725 1,136 568 568 8,589 -8,700 -2,772 -1,386 -1,388 -5,928 68 -77 -39 -38 181 2,662 1,223 612 611 1,839 8,780 912 856 856 3,820 9.6 2.5 1.3 1.3 7.1 •2 •3 .2 .2 -.1 3.0 2.6 1.3 1.3 1.2 3.1 1.3 .6 .6 * 1.9 -7,382 -8,388 815 750 -9,857 -<,755 311 -386 -8,896 1,579 21 -2,295 5,172 1,813 -1,620 583 7,185 -6,305 8,318 1,751 10,167 1,515 6,355 2,318 17.7 1.7 8.1 6.6 -1.2 -8.8 3.1 -2.6 0.1 -3.1 5.0 2.7 15.0 9.8 -.1 8.8 -280 813 773 859 877 158 667 -33 620 388 258 -1,880 -890 866 231 -358 203 -1,819 395 -152 216 919 332 1,380 118 278 -708 198 1,392 833 .9 .9 2.2 -.2 .1 •1 .1 1.1 .9 .1 • -.1 3.7 -.1 .8 .2 e .3 -.3 « 1,328 -989 -3,820 -680 -300 -5,687 3,880 1,058 -7,280 912 318 8,893 2,112 -153 2,865 1,051 -836 -2,629 9.1 -.8 •6 .7 -.2 -.1 .8 -1.1 .8 -.3 1.1 .1 ' 1.5 23 1.1 28 2.6 25 Other Loaas 1 Finance co. loans to busiaess 2 Liab.: loncorporate business 3 ■onfia. corp, busiaess -881 -927 888 -1,502 -20 -1,882 1,528 238 1,290 3,152 516 2,636 2,218 180 2,038 9,969 2,179 7,790 8.0 -1.0 5.8 3.7 -.1 3.0 8.6 •2 8.8 13.5 • 13.5 11.5 * 11.5 8 O.S. Goveraaeat loaas 5 Liab.: Bouseholds 8 Fara busiaess 7 loafara aoacorp. bus. 8 leafia. corp, busiaess 9 St.*local governseats 10 Foreign 11 Spons. credit ageacies 5,885 857 387 1,183 819 87 2,852 - 2,195 6 233 700 600 100 556 • 2,161 180 -255 855 -31 282 1,210 - 2,828 122 578 698 330 317 783 - 2,283 100 -2SO 700 350 250 1,123 - 996 100 -200 500 -500 200 896 - 5.6 6.9 12.8 8 .8 5 3.5 6 8.1 7 1.7 8 -1.6 9 3.9 10 .8 11 12 Sponsors credit agency loans 13 Liab.: Households (SLBA) 18 Fara busiaess (FXCB) 15 -loacorp. business (BC) 18 S*1 assns. (FHLB) -1,578 601 390 -811 -1,758 -2,786 398 -2,010 871 -1,681 -6,068 -22 -990 929 -5,985 -510 555 870 -712 -1,223 -285 658 -20 12 -931 1,085 -7 1,052 533 -8 581 559 -12 571 378 -8 382 289 -2 251 17 Policy Loans (BI liability) 18 Asset: O.S. Governaeat Life iasuraace cos. 19 11/83 BASSD Ol PIBLXaXIlBI AID IICOBPLI1B XIPO1BATIOI .5 .5 .1 .5 1.5 .7 1.6 .7 •8 1.5 .2 •2 2.0 •9 7.5 •5 .1 1.8 .2 2.0 3.3 -.8 5.8 .5 1.3 1.9 e .2 3.0 -1.1 100 266 -1,800 623 1,091 9.3 1.7 1.0 6.7 -2.8 — 1.1 .8 -8.0 .3 1.3 1.0 -2.0 6.5 .1 1.8 .6 8.3 337 2 335 2.7 • 2.7 1.6 e 1.6 1.8 ♦ 1.8 1.7 • 1.7 15.0 .8 1.5 .7 12.5 1 2 3 12 13 18 15 16 2.6 17 • 18 2.6 19 FEBBOABI 22, 1984 other Loans other Loans Open-Harket Paper aad Other Loans SEASOIALLI ADJUSTED AIIOAL BATES . 1980 ,979 1981 1982 43 SEASOIALLI ADJUSTED AIBOAL BATES 19Q3 1 1983 1 III If | I II III If Open-flarket Paper 2 3 4 40.3 28.7 9.0 1.7 20.6 11.2 4.0 2.4 54.0 39.5 14.7 3.9 5.4 -4.9 -4.7 1.9 18.0 19.2 -.5 6.5 -25.5 -35.2 -11.4 -.7 -18.7 -38.8 -25.0 -1.0 -25.4 13-9 -2.9 6.9 1.3 .4 -14.4 7.1 31.7 14.2 .5 3.3 64.4 Total net issues, all types 48.3 Connercial paper 15-0 lonfiaaacial corporations 8.6 Foreign issues in O.S. 1 2 3 4 5 6 7 8 18.0 4.5 13.3 .1 4.8 5.6 -.5 -.2 20.9 7.0 13.9 • -2.0 1.4 -3.3 -.1 13.2 3.5 9.8 -.1 -23.2 -17.3 -5.7 -. 1 -12.8 2.8 -15.5 -.1 9.9 1.7 8.3 -.1 7.7 2.5 5.3 -.1 ,0.5 6.2 4.4 24.7 3.4 21.4 -. , Financial business Coaaercial banking Finance conpanies Beits 5 6 7 8 9 10 11 12 13 11.6 2.1 1.0 1.0 9.S 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 9.8 8.6 4.3 4.3 1.2 20.1 1.8 .9 .9 18.4 —39.3 -15.6 -7.8 -7.8 -23.7 .9 .3 .2 .2 .6 17.4 11.7 5.8 5.8 5.8 16.1 .8 .4 .4 ,5.3 Bankers acceptances lonfinancial business loncorporate Corporate Foreign 9 10 11 12 ,3 m 15 16 17 40.3 8.2 3.9 6.9 20.6 -3.2 -1.1 4.4 54.0 1.7 2.0 .8 5.4 -8.2 6.2 -.5 18.0 -1.4 9.1 2.4 -25.5 -11.2 -3.4 -.8 -18.7 -10.9 4.0 -2.3 -25.4 -6.4 3.3 -4.8 1.3 -13.4 -6.1 3.1 31.7 -1.5 9.6 2.6 64.4 let purchases, by sector 15.6 Households 29.4 Vonfin. corporate business 8.5 Foreign 18 19 20 21 22 .1 .1 2.2 .7 1.1 * .1 1.8 1.5 1.5 .3 -.6 .8 1.2 1.5 -.3 1.3 .3 2.7 1.6 .4 -1.1 -1.4 3.6 1.0 -1.0 2.7 -2 2. 1 2.7 .6 2.1 2.5 3.1 2.0 1.0 -5.3 -1.1 1.0 .1 -1.4 1.5 -6.9 1.4 -.5 .9 2.9 -2.2 5.8 .5 1. 1 -3.4 4.7 6.3 4.0 23 24 25 1.6 -.2 15.6 2.2 1.2 12.3 7.4 -. 1 38.8 4.2 -.6 -1-3 7.5 .8 -3.0 .7 -4.0 -13.7 4.1 -1-2 -22.7 11.7 4.2 -29.1 4.2 1.3 18.0 3.9 -.6 9.9 10.3 -1.7 -10.5 14 15 16 17 Sponsored credit agencies Honetary authority Coaaercial banking Savings * loan associations Hutual savings banks 18 ,9 20 21 22 Life insurance coapanies Hutual funds Honey aarket funds 23 24 25 Other Loans 1 2 3 1 2 3 10.1 10.2 3.4 .4 3.1 9.5 .8 8.7 -1.4 -.9 -.5 16.9 3.1 13.8 7.7 -.6 8.4 -16.5 -2.9 -13.6 11.9 2.4 9.5 8.4 .4 8.0 17.6 3.8 ,3.8 29.5 Finance co. loans to business 5.9 Liab.: noncorporate business 23.7 Honfin. corp, business 4 5 6 7 8 9 ,0 11 12.4 1.1 3.4 3.0 1.2 .2 2.9 .6 16.1 1.0 2.6 4.2 1.5 .9 4.7 1.2 19.1 1.5 3.4 5.6 1.2 1.2 4.2 1.9 14.3 1.4 1.5 3.8 1.8 -9 4.5 .4 8.2 .5 -.2 2.7 .1 1.0 4.0 23.0 2.6 2.6 4.6 3.3 .2 9.8 - 12-0 e 4.2 2.8 2.4 .4 2.2 7.4 .6 -2.3 3.4 -.1 1.0 4.8 - 7.9 .5 -1.1 2.8 1.3 1.3 3.1 - 10.3 .4 .2 2.8 1.4 1.0 4.5 - 4 7.4 U.S. Governaent loans 5 • 4 Liab.: Households 6 Fara business 2.6 7 lonfara noncorp. bos. 2.0 Honfin. corp, business 8 -2.0 9 St.elocal governaents .8 10 3.6 Foreign Spons. credit agencies ,1 - 12 13 14 15 16 15.2 .6 3.3 2.1 9.2 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 -6.7 1.5 -1.9 .9 -7..0 -11.6 2.4 * -2.4 -11.6 -6.3 1.6 -1.5 -.3 -6.0 -15.6 -.1 -3.2 2.1 -14.4 -11.5 2-2 -2.7 .4 -11.4 -6.9 2.6 -1.9 .8 -8.4 7.2 Sponsored credit agency loans 12 13 1.1 Liab.: Households (SLBA) 14 .1 Fara business (FICB) .1 Boncorp. business (BC) 15 16 6.0 S*1 assns. (FBLB) ,7 18 19 4.7 ♦ 4.7 6.7 .1 6.6 7.4 .1 7.3 4.2 * 4.3 1.5 • 1.5 4.2 e 4.2 2.1 * 2.2 2.2 • 2.3 1.5 ♦ 1.5 1.0 « 1.0 ♦ buliois of DOLLABS. IV/83 BASED 01 IBCOBPLETB IIFOBHATION 1.3 Policy loans (HH liability) ♦ Asset: O.S. Governaent Life insurance cos. 1.3 17 18 19 rillOJllT 22, 1914 Security credit, Trade Credit, aad Taxes Security Credit, Trade Credit, aad Taxes Security credit. Trade credit, aad Taxes Sayable 44 DBADJDSTXD SIT F1OXS (S MILL)_______________________________ OlADJISTSt SIT S1OSS(S MILL) 1982 XXX XV 1983 I 1 2 XX XXX XV 1978 BXLLXOBS OS DOLLIX3 1979 1976 1977 1978 Security Credit 3,9d9 830 - 9,991 8,376 - -173 2,292 - 11,388 7,876 - 910 2,791 • 12,699 6,911 - -8.8 -1.8 • 3.7 .7 .1 12.7 8.8 - 2.2 1.3 - 1.2 1.2 - 1 2 3 3,139 1,230 19 1,908 9,179 3,080 200 1,939 -2,829 -2,806 -820 801 3,872 3,068 -192 996 -2,281 -3,071 899 331 6,108 8,679 380 1,161 -2.9 -1.8 -.1 -1.0 2.9 2.3 -.1 .6 7.9 6.0 .8 1.9 .9 1.8 .9 -1.0 • -2.9 •1 2.9 8 9 6 7 3,989 1,908 1,392 9,991 1,939 3,372 -173 801 -3,208 11,386 996 3,307 910 331 -2,229 12,699 1,101 9,080 -8.0 -1.0 -2.2 .6 2.1 12.7 1.9 6.6 2.2 -1.0 2.2 1.2 8 2.9 9 -2.9 10 713 8,288 2,230 7,089 2,808 6,806 -1.6 * 1.0 .1 8.6 1.0 1.6 11 12 1 Met chaage ia liabilities 2 Soasebclds Para bras ia ess 3 8 Moafara aoacorp. basiaess (Payables less receivables) 8,719 S62 78 -1,115 78 617 -118 -632 -628 3,188 161 -882 16,882 3,173 91 -171 21,278 -1,828 236 96 19,982 -231 270 380 35.2 1.0 .2 1.3 12.8 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 1 2 3 8 loafia. corporate business State aad local goveraaeats Poreiga Q.S. Goveraaeat 5,089 216 -351 216 617 222 -1,056 828 -3,210 226 -96 -815 13,087 226 -511 987 21,121 231 209 1,209 18,185 232 -126 1,312 28.7 1.8 3.1 -.8 6.3 1.3 .7 1.8 10.3 .9 •3 8.1 22.1 .7 .9 1.6 89.1 1.7 -.3 2.3 5 6 7 8 9 let chaage ia assets Moafia. corporate business 10 11 Poreiga D.S- Goveraaeat 12 13 Other iasaraace coapaaies 5,733 -12,889 6,380 -16,577 -1,012 635 -118 2,576 517 519 11,008 9,068 -2,257 3,690 511 19,881 15,710 56 3,618 501 29,522 27,221 2,892 -8,688 897 7,582 8,668 878 1,516 888 35.7 32.3 1.8 1.0 .5 9.3 5.8 1.6 1.2 .6 23.8 18.7 3.8 .S 1.2 38.8 36.1 1.7 -.8 1.3 63.2 56.0 3.0 2.7 1.5 9 10 11 12 13 18 Oiscrepaacy -1,018 12,927 -11,636 -3,039 -8,288 12,880 -.8 3.8 -8.8 -10.2 1 Met cbaade la liabilities Ho use he Ids 2 Porelgs 3 a 5 8 7 Brokers aad dealers rroa coaaercial baaka Proa foreign baakiag off. Custoaer credit balaaces 8 Met chaage ia assets Boasebolds 9 Cossercial baakiag 10 11 12 Brokers aad dealers Poreiga 3.7 Trade Credit 5 6 7 8 -8.2 18 Profit taxes Payable 1 Met chaage ia taxes payable Moafia. corporate basiaess 2 3 Coaaercial basks 8 Saviags ♦ loaa associations 5 Life iasaraace coapaaies 6 Other iasaraace coapanies 7 Piaaace coapaaies 8 Brokers and dealers 1,379 1,316 -19 3 21 8 1 89 278 225 -25 -8 3 — —8 83 1,108 1,088 -19 -11 -3 -1 -2 56 -8,818 -8,858 -18 —6 -5 -2 -1 68 8,580 8,516 -22 -17 -28 -8 -3 98 2,187 2,112 -18 -13 -26 -7 -2 137 1.2 1.1 .1 •1 * e -.1 -2.7 -2.8 -.3 .1 -.1 e « 8.0 7.5 .2 .1 .1 .1 -.6 -1.5 .2 .2 •8 .1 •1 -.1 5.2 8.3 •1 9 let change ia taxes receivable 10 State aad local governaents 11 O.S. Goveraaeat 3,028 1,797 1,227 1,313 1,883 -130 232 -2,606 2,838 -5,382 -2,778 -2,568 9,961 2,501 3,860 3,012 2,269 783 .8 .7 -.2 -1.7 .6 -2.3 7.8 2.2 5.6 .8 1.8 -1.8 3.7 9 .8 10 2.8 11 -1,685 -1.039 872 928 -1,821 -825 .7 -1.0 .2 -1.0 1.5 12 -21.8 -7.8 -18.0 -23.9 -5.8 -18.1 12 Discrepancy .2 .3 .1 .1 • 1 2 3 8 5 6 7 8 Proprietors* Bguity ia loacorporate Basiaess 1 Total household iavestaeat Para business 2 3 Bonfara noncorp. basiaess -3,001 -8,818 1,813 -3,955 1,259 -5,218 -7,973 -16,636 -17,388 -18,012 -668 -6,866 -5,058 -1,272 -7,309 -10,170 -12,330 -16,780 IV/83 BIFID OX PBILIHIBABT ABD 11COBPLBTB IIPOBIATXOI -18.0 -5.7 -12.3 -18.5 -.8 -13.7 -23.3 -8.3 -15. 1 1 2 3 FEBIOABI 22, 19 84 Security credit. Trade Credit, aad Taxes Security Credit, Trade Credit, and Taxes 45 Security credit. Trade credit, aad Taxes Payable SEASOBALLT ADJ05TED ABBOAL BATES 1980 1979 1981 SEASOBALLT ADJUSTED ABBOAL BATES 1 1982 I HI 1982 1983 II III IT Security Credit 1 2 3 2.1 1.0 - 12.5 6.5 ~ .9 -1.6 6.5 3.3 24.4 19.0 - 17.9 3.3 - 25.2 17.5 - 16. 1 9.0 • 40.8 29.9 - 4.3 11.0 - <1 5 6 7 1.1 -.7 • 1.8 6.0 1.2 -.4 5.2 2.5 4.0 .6 -2.1 3.2 .4 -.5 3.3 5.4 1.9 •2 3.3 14.6 6.7 .3 7.6 7.7 -.6 .6 7.7 7.1 4.0 -.1 3.2 10.9 9.3 -2.4 4.0 -6.8 -10.4 2.3 1.3 8 9 10 2.1 1.8 -.9 12.5 5.2 .8 .9 -2. 1 5.3 6.5 3.3 • 24.4 3.3 2.9 17.9 7.6 7.5 25.2 7.7 .5 16.1 3.2 4.0 40.8 4.0 8.6 4.3 1.3 -6.7 11 12 1.1 6.5 -2.3 3.2 18.2 ■ 2.9 17.0 ■ 8.9 28.2 9.6 * 1 2 3 4 61.5 1.7 1.2 .1 48.4 2.3 1.0 -.9 33.7 2.7 1.1 -.2 -12.1 2.4 -.6 -3.3 57.5 4.3 .8 -.2 -6.5 2.3 .3 -4.5 -21.4 2.5 -.5 -2.5 23.1 12.6 •6 -1.9 89.4 ,2.7 .4 -.7 5 6 7 8 54.4 1.6 1.5 1.1 40.8 2.0 1.7 1.4 27.8 1.1 .2 1.0 -10.2 .9 -3. 1 1.7 49.1 .9 -.5 3.1 -4.8 .9 -1.4 .7 -19.5 .9 -4.2 2.0 ,3.7 .9 -.2 -2.6 9 10 11 12 13 76.0 71.4 .2 2.4 1.9 58.5 49.1 3.6 3.8 2.0 29.1 23.6 .3 2.5 2.6 -8.7 -14.8 -.8 4.8 2.1 64.0 56.7 1.2 4.1 2.0 -5.4 —3.0 -4.0 -.5 2. 1 -17.2 -32.1 2.5 10.3 2.1 14 -14.5 -10.1 4.6 -3.4 -6.5 -1.1 36.4 Met change in liabilities 26.0 Boaseholds Foreign 1 2 3 10.4 4.6 1.1 4.6 4 5 6 7 Brokers and dealers froa coaaercial banks froa foreign baakiag off. Castoaer credit balances 36.4 Bet chaage ia assets 4.6 Boaseholds 5.8 Coaaercial banking 8 9 10 Brokers and dealers Foreign 11 12 61.9 -7.3 .9 .4 55.4 ■et chaage ia liabilities Boaseholds -.9 1.1 fara basiaess 1.4 Boafara aoncorp. basiaess (Payables less receivables) 1 2 3 4 73.6 .9 -2.0 4.5 61.5 .9 .8 4.7 47.8 .9 -.5 5.7 Boafia. corporate basiaess State and local governnents Foreign O.S. Governaent 5 6 7 8 21.9 ,4.1 -9.0 14.8 2.0 98. 1 81.4 .2 14.5 2.0 73.1 79.9 10.0 -18.8 2.0 62.7 Bet chaage ia assets Boafia. corporate baainess 51.2 3.5 Foreign O.S. Governaent 6. 1 Other insurance coapanies 2.0 9 10 11 12 13 -4.2 1.2 -6.6 -11.2 -7.3 Discrepancy 14 -15.8 -16.0 -.1 • * * • .2 -1.8 -1.8 -.1 -.1 1.2 1.1 -.1 -.1 -.1 .3 22.7 22.4 -.1 a * • * .3 25.9 Trade Credit Profit Taxes Payable 3.4 3.3 -.1 • -.1 1 2 3 4 5 6 7 8 2.8 2.5 .5 -.2 • • -.1 .1 -3. 1 -1.7 -.5 -.3 -.4 -.2 -.2 .2 -8.4 -6.8 -.4 -.3 -.5 -.2 -.2 • -16.2 -16.2 -.1 a .2 •4 -11. 1 -11.3 -.1 • .1 • • .2 9 10 11 1.0 1.5 -.5 -3.8 1.1 -4.8 -7.3 .9 -8.2 -15.4 -2.7 -12.8 3.9 -.6 4.5 -11.2 -1.6 -9.5 -14.8 -2.7 -12.1 .3 -1.4 1.7 22.7 -2.0 24.7 .2 .6 -.4 12 1.8 .6 -1.0 -.8 -.4 .1 -1.0 -2.0 * 1.0 -48.3 -9.2 -39.2 -84.4 -19.2 -65.3 9 9 9 9 9 9 9 9 9 9 •4 -8.5 Bet chaage in taxes payable Boafia. corporate basiaess -8.7 • Coaaercial banks * Savings ♦ loan associations Life insurance coapanies -.1 a other insurance coapanies Pinnace coapanies .4 Brokers and dealers 1 2 3 4 5 6 7 8 -7.8 Bet chaage ia taxes receivable 9 State and local governnents 10 .3 11 D.S* Governaent -8.1 -.7 Discrepancy 12 Proprietors* Bgaity ia Boacorporate IBusiness 1 2 3 -28.8 -9.6 -19.1 -4 0.8 -16.4 -24.4 BILLIOBS OF DOLLABS. -26.9 -8.6 -18.3 -23.9 -12.4 -11.5 -60.0 -13.5 -46.5 -25.7 -16.8 -8.9 IT/83 BASED OB IBCOBPLETE IBPOBBATIOB. -23.2 -11.0 -12.2 -27.6 -3.2 -24.4 -79.7 Total household investaent Fara basiaess -22.3 Boafara noacorp. business -57.4 1 2 3 FBBBOABI 22, 1984 Biscellaneous I Biscellaneoas I Hiscellaaeous Piaaacial Claias 46 OBADJOSTBD BBT PLOTS (J Blit)____________ III 1 Bet change ia liabilities looseholds 2 lonfia. corporate business 3 OBADJOSTBD BBT PLOBS (t Blit, ___________ 1982 If | I HI If 1974 BILLIOIS OP DOLLABS 1975 1978 1977 1^83 1 II 1978 11,915 151 2,835 10,060 186 2,780 17,634 206 2,054 17,519 219 2,230 13,068 246 2,408 7,759 260 2,000 32.5 .7 4.8 37.4 .7 2.6 51.8 .6 4.3 45.0 .9 3.7 71.8 1. 1 7.9 1 2 3 4 5 Poreiga O.S. Governasat -1,998 157 5,396 -5,166 5,379 1,753 —833 -695 -233 517 1,958 -2,062 10.2 • 15.6 -.7 16.3 .9 8.4 -.9 20.1 -.3 4 5 8 7 8 9 Total finance Sponsored credit agencies Boaetary authorities Coaaercial basking 10,988 2,412 175 1,255 6,864 2,124 551 -877 8,242 58 -801 2,489 16,598 92 136 6,191 10,130 66 395 1,198 5,603 -523 -283 1,666 16.8 .4 -.3 7.7 19.3 1.7 -.5 2.1 29.6 2.0 .3 3.4 32.9 1.4 -.1 6.7 43.0 4.6 .5 12.9 6 7 8 9 10 11 12 13 14 15 Savings ♦ loan assns. Batnal saviaga banks Life insurance coapaaies Other insaraace coapaaies Finance coapaaies Beits 2,338 89 1,703 2,620 396 1,661 -1,121 1,733 2,673 120 1,054 -393 1,746 2,721 1,368 - 3,846 373 1,751 2,766 1,443 1,364 1,570 1,780 2,741 1,016 26 -1.408 1,786 2,796 1,543 -.1 •3 2.6 4.9 .6 .8 .7 -.1 3.3 6.2 4.6 1.3 1.1 .1 3.9 10.3 8.4 .2 1.2 .4 4.6 12.6 ' 6.6 -.5 -.3 1.4 4.8 14.1 5.3 -.1 10 11 12 13 14 15 20,600 1,718 410 518 4,094 22,008 1,724 470 531 4,512 19,427 1,741 339 535 3,820 19,300 1,763 334 500 5,655 23,436 1,701 319 553 7,878 16,369 1,731 318 578 5,224 31.7 2.7 .8 1.0 13.3 31.9 3.8 .9 1.3 14.9 47.1 5.5 1.5 2.1 18.3 36.4 6.9 1.7 2.6 21.5 65.2 6.6 2.0 3.0 24.5 16 17 18 19 20 1,855 39 4, 048 280 3,965 -41 2,344 376 4,871 52 808 211 2.7 • 1.7 .7 8.6 1.0 -4.3 .7 18 let change in assets 17 Households 18 Para busiaess 19 loafers noacorp. busiaess loafin* corporate busiaess 20 21 22 Poreiga 0.5. Goveraaeat 23 24 25 28 Total finance Sponsored credit agencies Boaetary aathority Coaaercial basking 11,966 590 523 1,626 10,443 538 -431 410 9,068 586 99 4,000 8,328 415 -121 4,917 8,062 -226 532 1,627 7,499 715 445 1,317 11.3 -1.6 1.8 6.5 8.7 1.0 * 2.0 10.1 -.5 -.2 6.1 7.2 1.0 -.6 3.5 20.8 .5 .5 11.8 23 24 25 26 27 28 29 30 31 32 Saviegs aad loan assas. Butual savings baaks Life insaraace coapaaies Private peasion fuads Beits Boaey aarket fuads 8,688 862 2,074 100 126 -623 7,956 322 2,052 100 121 -625 2,115 281 2,039 100 49 -201 559 81 2,035 100 124 218 3,212 617 2,053 100 124 23 2,955 170 2,043 100 149 -395 2.3 .5 1.4 .1 •4 -.1 1.9 .6 1.7 .2 1.2 e 2.9 .4 1.5 .2 -.3 ♦ 1.8 .3 2.5 -.5 -.8 -.1 4.6 .7 2.4 .1 -.3 •5 27 28 29 30 31 32 -8,685 -11,948 -1,793 -1,781 -10,366 -8,610 .7 5.5 4.7 8.6 6.6 33 Direct foreign iavestaeat Dp O.S. corps. 34 Liab.: foreign 51 1,082 35 Bgaity ♦ intercoapaay accts. -98 -1,646 36 1,697 Detained earnings 1,180 1,221 -179 1,400 2,662 -175 2,837 4,677 2,151 2,526 2,200 -300 2,500 8.9 1.2 7.8 14.0 6.0 8.0 11.6 3.9 7.7 11.5 5.1 6.4 15.7 34 4.4 35 11.3 36 Direct foreign iavestaeat in O.S. 37 liab.: lonfinaa. corp. bus. 2,635 38 Bgaity ♦ intercoapaay accts. 2,784 -149 39 Detained earnings 2,780 2,941 -161 2,054 2,007 47 2,230 1,841 389 2,408 1,900 508 2,000 t^500 500 4.8 3.7 1.1 2.6 1.4 1.2 4.3 2.7 1.7 3.7 2.1 1.6 7.9 37 5.3 38 2.6 39 211 .6 .7 1.1 .7 .6 40 -.6 • -.1 • .1 41 33 Deallocated, net 7.6 21 .8 22 (A) Foreign claiaa B.S. Govt. eg. ia IBBD, etc. 40 Liab.: Poreiga 50 374 52 359 65 loaofficial foreign currency 41 Asset: O.S. Goveraaeat liab.: Poreign -11 -94 -93 17 -13 (B) Claiaa on Federally related ageaciea Postal Savings Deposits 42 Asset: Boaseholds Liab.: B.S. Goveraaeat 42 Deposits at federal Bose Loaa Basks 1,613 43 Liab.: Sponsored credit ags. Asset: S*1 associations 44 Federal Beserve Bank stock Asset: Coaaercial baaks 45 Bguity ig sponsored credit ag. 46 O.S. Goveraaeat Private: 47 Para business (FICB ♦ PLB) 48 loafara noncorporate (BC) 49 loafing corp. bus. (PIBA) S*1 associations (PBLB) 50 919 -950 -699 -643 -599 .6 .3 1.2 .3 2.1 43 14 18 34 28 25 19 .1 a .1 ♦ a 44 160 - 335 - -20 — 79 - -54 — 167 - .8 — .4 — .5 — .8 - 1.3 45 — 46 79 14 75 -8 145 15 175 15 10 3 -48 12 -34 4 97 9 -63 25 2 140 .2 • * .5 .2 a « .1 .2 .1 ♦ .2 .2 * .1 .4 If/83 BAS1D OB PBBLIB1BABI ABD IBCOBPLBTB IBPOBBATIOB .3 .1 • .8 47 48 49 50 FBBBUABT 22, 19 84 Hiscellaneous I Biscelianeous I Hiscellaneous Piaaacial Claias 47 SEASOVALLI ADJUSTED ANNUAL BITES SEASOVALLI ADJUSTED ANNUAL BITES I 1982 1 XII | 1983 IF I II 46.6 .6 10.5 67.9 .7 11.1 54.7 .8 8.2 57.9 .9 8.9 50.6 1-0 9.6 60.8 Net chaage in liabilities HoaaehoIds 1.0 8.0 Nonfin. corporate business 1 2 3 6.3 -.5 2.0 .6 30.1 -20.7 11.4 7.0 -14.9 -2.8 10.9 2.1 17.8 -8.2 Foreign U.S. Governaent 4 5 46.0 5.9 -.1 7.3 40.6 -.3 -.6 11.5 32.8 7. 1 .5 -1.5 46.6 7.5 3.0 6.7 27.3 2.0 -3.8 5.6 65.8 2.9 .6 27.7 27.0 -3.2 1.4 -3.7 42.2 -2.9 -.4 16.5 Total finance Sponsored credit agencies Honetary authorities Coaaercial banking 6 7 8 9 2.6 2.6 8.2 10.8 11.5 • 13.3 -.3 7.0 10.6 2.2 6.3 .1 7.1 11.0 5.4 - 9.8 -1.9 6.8 10.5 1.6 12.6 -1.2 6.9 10.7 .5 3.1 -2.9 7.0 10.9 5.5 9.2 1.5 7.0 11.1 5.8 - 6.5 3.8 7.1 11.0 4.1 6.3 -1.8 7.1 11.2 6.2 Savings a loan assas. Hutual saviags banks Life insurance coapanies Other insurance coapanies Finance coapanies Beits 10 11 12 13 14 15 75.2 5.6 1.9 2.6 32.3 101.6 6.1 1.7 2.1 21.6 82.5 6.8 1.7 2.1 14.2 78.5 6.9 1.3 2.2 22.6 94.0 6.9 1.6 2.1 18.3 90.4 6.9 1.9 2.1 17.0 72.2 7.0 1.4 2. 1 13.8 69.9 7.1 1.3 2.0 23.8 104.8 6.8 1.3 2.2 33.3 6.8 .8 15.2 .5 19.9 .8 10.2 1.2 12.0 .6 13.5 .2 13.9 1.1 12.3 -.2 9.3 1.5 26.4 .2 -.1 .8 23 24 25 26 22.1 .4 .2 10.1 17.1 1.3 .5 7.3 49.3 .8 .5 28.0 46.3 1.4 * 7.5 33.0 1.5 1.0 11.9 51.4 1.7 2. 1 10.2 47.4 .2 -1.7 10.7 35.9 3.4 .4 13.1 24.9 3.6 -.5 9.5 34.5 -1.7 2.1 9.7 36.5 .7 1.8 15.2 27 28 29 30 31 32 6.3 .5 3.5 .4 .3 .4 3.7 1.0 3.6 .4 -1.0 .4 8.8 1.2 7.3 .4 .4 1.9 26.4 2.7 8.1 .4 .9 -1.1 8.8 1.1 8.2 .4 .4 -.4 27.2 3.5 8.3 .4 .5 -2.5 30.0 1.7 8.2 .4 .5 -2.5 9.3 1.7 8.2 .4 .2 -.8 3.2 -.8 8.1 .4 .5 .9 12.7 2.5 8.2 .4 .5 .1 10.1 1.1 8.2 .4 .6 -1.6 33 14.9 -11.8 -.5 -13.5 -22.6 -47.4 -22.4 -17.5 -12.1 -54.2 1979 1980 1981 1982 1983 1 2 3 91.8 1.3 11.9 63.4 1.2 13.7 101.1 1.8 22.0 69.0 .8 10.4 56.0 .9 8.7 4 5 27.6 -1.3 14.6 -1.9 18.2 1.0 11.7 .2 6 7 8 9 52.3 5.7 .9 13.2 35.8 3.6 -1.1 7.4 58.1 4.7 .3 17.4 10 11 12 13 14 15 1.1 1.2 5.3 14.7 10.1 « .9 .8 3.8 12.4 7.9 .1 16 17 18 19 2Q 76.9 7.2 1.9 3.0 35.1 21 22 III IF 67.3 Net change ia assets 6.9 Households 1.3 Fara business Nonfarn noncorp, business 2.3 19.4 Nonfin. corporate business 16 17 18 19 20 Foreiga U.S. Governnent 21 22 Total finance Sponsored credit agencies Honetary authority Coaaercial baakiag 23 24 25 26 Savings and loan assns. Hutual saviags banks Life insurance coapanies Private pension funds Beits Honey aarket funds -6.5 Onallocated, net 27 28 29 30 31 32 33 (A) Poreign claiaa Direct foreign investaeat by U.s. corps. 20.5 34 8.9 Liab.: Foreign 10.4 -1.1 Eguity * intercoupany accts. 35 10. 1 10.0 36 Betained earnings 34 35 36 26.6 7.6 19.0 21.9 4.9 17.0 12.8 -.7 13.5 5.9 .6 5.3 10.8 1.5 9.3 6.3 1.6 4.7 .5 -6.3 6.8 4.1 -1.5 5.6 9.5 -1.9 11.3 37 38 39 11.9 7.9 4.0 13.7 7.5 6.2 22.0 18.2 3.8 10.4 10.6 -.2 8.7 7.2 1.4 10.5 11.1 -.6 11.1 11.8 -.6 8.2 8.0 .2 8.9 ' 7.4 1.6 9.6 7.6 2.0 40 .8 .7 1. 1 1.3 .7 .2 1.5 .2 1.4 .3 ♦ 41 -.3 -.2 -. 1 a -.1 —.4 —.4 .1 -. 1 Direct foreiga investaent in U.S. 37 8.0 Liab.: Nonfinan. corp. bus. 6.0 Eguity ♦ intercoapany accts. 38 2.0 39 Betained earnings U.S. Govt. eg. in IBBD, etc. .8 Liab.: Foreign Nonofficial foreign currency Asset: U.S. Governaent Liab.: Foreign 40 41 (B) Claias on Federally related agencies 42 • 43 3.0 44 Postal Saviags Oeposits Asset: Households Liab.: U.S. Governaent 42 - - - - • .8 1.8 2.8 -2.9 3.9 3.7 -3.3 -.2 -6.0 .1 .1 .1 .1 .1 .1 .1 .1 .1 .1 .1 Federal Beserve Bank stock Asset: Coaaercial banks 44 45 46 1.6 .7 1.4 .9 .2 .9 1.2 V - .1 — .1 - 45 46 47 48 49 50 .4 .1 .1 1.0 .6 .1 • • .4 » .1 •4 a • a .1 .3 .1 .3 .2 .6 .1 .6 .1 ♦ • -. 1 • -.1 • .2 .5 Eguity in sponsored credit ag. - U.S. Governaent Private: Fara business (FICB ♦ FLB) .1 Nonfarn noncorporate (BC) * Nonfin. corp. bus. (FNHA) .4 S*1 associations (FHLB) - BILLIONS OF DOLLABS. .6 .1 .7 11/83 BASIC ON XNCOHPLBTB INFOBHATION • - • Deposits at Federal Hone Loan Banks -2.1 Liab.: Sponsored credit ags. Asset: S«1 associations 43 47 48 49 50 FIBBOABT 22 J 1984 Biscellaaeous 12 Biscellaaeous II Hiscellaneous Piaaacial Claias (Continued) 48 OIADJOSTID IBT PIO1S(8 Bill) OIADJOSTBD BBT PLOWS(S BILL) 1982 III IP 1983 I | I II III If 1974 BILLIOIS OP DOLLABS 1975 1976 1977 1978 <C) Ufa insurance claias Deferred and unpaid preaiuas 1 Liab.: Bouseholds Asset: Lifa iasacaaca 151 186 206 219 246 260 7 .7 .6 Lifa coapaay reserves 2 Liab.; Lifa iasacaaca cos. 3 Accident aad health 4 Policy dividend accea. Asset: Households 563 329 234 559 315 244 556 307 249 554 301 253 551 291 260 549 285 264 1.4 .7 .7 1.7 -7 1-0 1.9 .7 1.2 2,620 1,155 331 504 630 2,673 1,165 325 516 667 2,721 1,185 324 525 687 2,766 1,209 322 534 701 2,741 1,150 319 544 720 2,796 1,182 318 553 743 4.9 1.2 •5 1.0 2.1 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 4.4 299 104 1,280 1,232 797 1,206 7 3.4 6.4 5 -8,685 -11,948 9 2.7 1.4 1.4 1.1 1 2.7 2 1.3 3 1.4 4 (D) Boaltife insocaace claias 5 Liab.: 6 Asset: 7 8 9 10 Other iasacaaca cos. Bouseholds Vaca busiaess Jonfara aoacorp. bus. Boafia. corp, business (I) Intercorporate claias cocpocata pacaat iavestaent in fIsaacs coapanies Asset: Doaestic bank affiliates 14.1 3.9 1.7 2.9 5.6 5 6 7 8 9 2.7 10 (P) Oaafciocated assets * liabilities -1.793 -1,781 -10,368 -8,610 .7 5.5 4.7 8.6 12 13 14 15 16 17 let change ia liabilities Foreign O.S. Goveraaeat O.S. Govt. - without levels Sponsored credit ageacies Boaetary authority 2,739 -3,117 157 639 161 2,155 5,065 -5,166 870 533 10,573 4,199 1,753 1,028 -835 8,072 -3,871 -695 712 108 2,268 -4,962 — 517 763 370 -1,050 -453 -2,062 -91 -302 9.6 1.3 1.7 -1.7 -1.0 -.3 7.5 .9 -.6 -.1 1.1 -.5 14.0 3.7 -.5 1.4 •3 .2 12.2 -3.8 -.7 -.3 .4 -. 1 23.6 3.6 — -.3 1.3 .4 12 13 14 15 16 17 18 19 20 21 22 Coaaaccial baaliag Coaaercial banks Beck affiliates roreign basking offices Basks ia O.S. poss. 1,255 213 -633 872 803 -877 -3,032 -802 2,106 851 2,489 2,469 -66 -773 859 6,191 5,715 398 -810 888 1,198 -1,868 324 1,834 908 1,666 -721 452 1,005 930 7.7 5.5 .5 1.6 .1 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 18 19 20 21 22 23 24 25 26 27 Savings aad loan assas. Butual savings basks Life iasucaace coapanies Piaasce coapanies Beits 2,338 69 1,140 97 - 1,661 -1,121 1,174 16 - 1,054 -393 1,190 88 - 3,846 373 1,197 211 • 1,364 1,570 1,229 219 26 -1,408 1,237 337 - -.1 .3 1.1 -.1 •8 .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 23 24 25 26 27 28 29 30 31 32 Bet change ia assets Boalin. corporate business Poreign Sponsored credit ageacies Boaetary authority 11,424 2,307 -780 590 523 14,103 3,794 1,268 538 -431 12,366 1,909 1,911 586 99 9,853 2,288 414 415 -121 12,636 2,473 2,463 -226 532 7,560 2,279 -7,192 715 445 8.9 2.2 -2.0 -1.6 1.8 2.0 -1.4 -.9 1.0 a 9.3 3.2 4.4 -.5 -.2 3.6 5.5 -8.1 1.0 -.6 17.0 3.2 -.3 .5 .5 28 29 30 31 32 33 34 35 Coaaercial beaks Poreiga baaliag offices Basks ia O.S. possessions 1,540 -378 151 -1,098 1,126 260 2,056 463 167 3,878 -486 265 -21 604 222 -1,741 1,569 264 4.6 1.4 -.2 -2.5 .6 .6 -.7 .4 -.1 3.7 .3 a 6.9 33 2.0 34 .1 35 36 37 38 39 Saviegs aad loan assas. Butual saviags basks Life insurance coapaaios Priaate pension funds 5,083 862 1,923 100 6,862 322 1,866 100 3,113 281 1,833 100 1,161 81 1,816 100 3,918 617 1,807 106 3,414 170 1,783 100 1.1 .5 .7 .1 1.5 .6 1.0 .2 1.5 .4 .8 .2 1.2 .3 1.6 -.5 1.7 .7 1.3 .1 40 Beits Boney aarket fends 126 -423 121 -625 49 -201 124 23 149 -395 .4 -.1 1.2 a -.3 a -.8 -.1 -.3 40 .5 41 11 let total (liab. lass assets) 41 IP/83 BASIO Ol PIBLIBIIAII AID IICOBPIITI 1IFO18ATIOI 124’ 218 6.6 11 36 37 38 39 FEBBOABY 22, 1984 Hiscellaneous II Hiscellaneous II 49 Hiscellaaeoas Financial Claias (Continued, SEASOIALLT ADJOSTBD AIIOAL BATXS SEASOIALLT ADJUSTED AIIOAL BATES 1 1979 1980 1981 1982 1983 1982 1 III If | | 1983 I II III If (C) Life iasacaace claias 1 1.3 1.2 1.8 .8 .9 .6 .7 .8 .9 1.0 Deferred and unpaid preaiuas 1.0 Liab.: Housebolds Asset: Life insurance 1 2 3 4 2.4 •8 1.6 1.7 .6 1.1 2.1 .9 1.2 2.2 1.3 1.0 2.2 1.2 1.0 2.3 1.3 .9 2.2 1.3 1.0 2.2 1.2 1.0 2.2 1.2 1.0 2.2 1.2 1.0 Life conpany reserves 2.2 Liab.: Life insurance cos. 1. 1 Accident and bealtb 1.1 Policy dividend accua. Asset: Hoaseholds 2 3 4 5 6 7 8 9 14.7 4.8 1.5 2.9 5.5 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 11.0 4.7 1.3 2.2 2.9 10.5 4.6 1.3 2.9 2.5 10.7 4.7 1.3 2.1 2.7 10.9 4.7 1.3 2.1 2.7 11.1 4.8 1.3 2.1 2.8 11.0 4.6 1.3 2.2 2.9 10 5.5 4.4 7.9 1.0 4.5 1.2 4 5.1 4.9 3.2 -22.4 -17.5 -12.1 -54.2 (D) lonlife insurance claias 11.2 Liab.: 4.7 Asset: 1.3 2.2 3.0 Other insurance cos. Households Para business lonfara noacorp. bus. lonfin. corp, business (I) Intercorporate claias Corporate parent investaent in 4.8 finance coapanies Asset: Doaestic baak affiliates 5 6 7 8 9 10 (P, Unallocated assets ♦ liabilities 11 14.9 -11.8 -.5 -13.5 -22.6 -47.4 12 13 14 15 16 17 23.9 .2 — -1.3 1.1 .8 6.1 -7.8 -1.9 2.1 -1.1 39.5 4.6 — 1.0 1.4 .2 33.0 4.5 .2 2.2 -.2 19.9 -5.1 -.5 2.4 -.7 10.2 -4.4 — .6 2.3 •5 36.1 28.5 — -20.7 2.6 2.9 26.7 7.4 — 7.0 5.3 -3.9 18.8 -25.9 — -2.8 3.0 .5 8.7 -9.8 — 2.1 2.7 1.3 18 19 20 21 22 13.2 9..1 .3 2.7 1.1 7.4 .8 .1 4.9 1.6 17.4 6.7 1. 1 6.8 2.7 7.3 3.1 -2.9 3.9 3.2 11.5 5.6 1.1 1.3 3.6 -1.5 -5. 1 -2.5 2.9 3.2 6.7 -.8 -3.2 7.3 3.4 5.6 6.1 -.3 -3.7 3.4 27.7 23.0 1.6 —.4 3.6 23 24 25 26 27 1.1 1.2 2.9 4.6 • .9 .8 2.1 3.5 .1 2.6 2.6 6.0 3.6 a 13.3 -.3 4.8 1.2 6.3 .1 4.9 .9 - 9.8 -1.9 4.6 .4 - 12.6 -1.2 4.7 .1 - 3.1 -2.9 4.8 .4 - 28 29 30 31 32 9.0 2.9 -5.1 .4 .2 17.8 5.7 1.5 1.3 .5 40.0 5.2 -2.1 .8 .5 46.5 5.5 -.2 1.4 • 42.4 a. 9 3.3 1.5 1.0 57.6 9.2 2.9 1.7 2.1 58.6 13.9 2.8 .2 -1.7 33 34 35 2.0 2.1 .4 .9 1.5 .5 9.3 7.9 2.9 3. 1 2.4 .9 4.2 2.2 .9 9.8 -1.5 .6 36 37 38 39 2.2 .5 2.2 .4 2.8 1.0 2.4 .4 6.3 1.2 5.5 .4 23.2 2.7 7.4 .4 11.6 1.1 7.2 .4 40 41 .3 .4 -1.0 .4 .4 1.9 .9 -1.1 .4 -.4 BHLIOIS OP DOLLABS. -6.5 let total (liab. less assets) 11 25.2 8.0 -8.2 -1.3 -.4 let change ia liabilities Foreign O.S. 6overnaent O.S. Oovt.-vithout levels Sponsored credit agencies Bonetary authority 12 13 14 15 16 17 -3.7 -15.1 1.3 6.6 3.6 16.5 8.4 1.8 2.6 3.7 Coaaercial banking Coaaercial banks Bank affiliates Foreign banking offices Banks ia O.S. poss. 18 19 20 21 22 9.2 1.5 4.8 .8 - 6.5 3.8 4.9 .9 - 6.3 -1.8 4.9 1.3 Savings and loan assas. Butual savings banks Life insurance coapanies Finance coapanies Beits 23 24 25 26 27 44.2 6.9 4.0 3.4 •4 30.9 11.5 .4 3.6 -.5 62.9 9.9 16.8 -1.7 2.1 31.7 7.5 -8.1 .7 1.8 Het change in assets loafia. corporate business Foreign Sponsored credit agencies Bonetary authority 28 29 30 31 32 4.7 4.5 1.0 5.3 1.9 .7 5.3 -1.9 1.1 3.1 2.4 .9 2.9 6.3 1.1 Coanercial banks Foreign baakiag offices Balks in O.S. possessions 33 34 35 23. 1 3.5 7.7 -4 25.7 1.7 7.5 .4 12.8 1.7 7.3 .4 3.2 -.8 7.3 .4 18.6 2.5 7.2 .4 11.8 1.1 7.1 .4 Savings and loan assns. Butual savings banks Life insurance coapanies Private pension funds 36 37 38 39 .5 -2.5 .5 -2.5 .2 -.8 .5 .9 .5 .1 .6 -1.6 Beits Boaey aarket funds 40 41 If/83 BASBD Ol IICOBPLBTB IIPOBHATIOI. FMBOABI 22, 1984 Total Cialis Total clalao Total Financial iiMta and Liabilities 50 01ADJOSTID BBT PLOWS(S Bill) OBADJOSTBD «1 FLCIS(J Bill) 1983 III XT 1 1 II III IT 1974 BILLIOIS OF DOLLARS 1975 1976 1977 1978 Total Bet Borroviag aad lending in credit aarkets (1) 1 Total net boexowing in cxed»it aarkets 2 3 4 5 6 7 8 9 Doaestic nonfinan. sectors 0.8. Governaent Trieste doaestic Roasekolds Fare business lonfara noncorp. bus. Corporate business Stateelocal goveraaeata 10 11 12 13 14 15 16 17 18 Foreign borr. in O.S. Financial sectors Sponsored credit agencies Hortgage pools Coaaercial banks Bank affiliates Saviags aad loan assas. Finaqce coapanies Beits Total net lending in credit aarkets 138,816 138,427 100,747 164,867 167,050 184,645 229.3 211.6 283.8 378.7 478.2 1 87,798 135,942 138,390 147,357 55,641 46,876 47,860 36,180 32,157 89,066 90,530 111,177 15,608 33,883 50,748 63,375 1,330 -1,251 4,575 -729 8,694 18,031 17,930 17,354 4,061 12,885 13,537 26,950 6,985 4,749 4,523 19,692 175.3 11.8 163.5 53.9 7.8 20.2 66.1 15.5 193.0 85.4 107.6 52.1 8.5 12.5 20.9 13.7 243.5 69.0 174.5 89.5 10.2 15.4 44.2 15.2 319.4 56.8 262.6 137.3 12.3 28.0 69.7 15.4 369.8 53.7 316.2 169.4 14.6 32.4 80.6 19.1 2 3 4 5 6 7 8 9 7,881 29,407 3,431 13,348 -145 2,556 S66 9,637 14 15.0 39.0 17.3 3.4 .2 4.4 6.2 6.0 1.5 11.3 7.3 3.2 7.1 .2 .6 -4.2 .5 -.1 19.3 21.0 2.1 12.2 .7 5.4 -1.7 4.3 -1.9 33.8 74.6 23.5 13.6 .2 7.2 13.5 18. 1 -1.4 10 11 12 13 14 15 16 17 18 138,816 138,427 100,747 164,867 167,050 184,645 121,889 117,463 57,643 61,965 64,246 55,498 24,913 31,053 2,924 -2,164 4,934 6,879 5,612 23,032 8,443 14,118 4,713 12,214 6,093 13,280 189 -3,918 -2,702 -742 14 6,345 14,619 -1,729 18,288 343 1,000 -3,931 635 13 2,221 10,728 -3,180 18,698 277 1,389 -6,023 -447 14 5,512 23,413 476 16,044 -234 1,655 -1 5,459 14 3,568 25,092 911 K,377 26 3,014 211 2,539 14 13.5 45.8 5.9 ' 16.1 .6 2.0 6.9 16.9 -2.5 229.3 211.6 283.8 378.7 23,425 14,578 253 6,176 2,418 32,328 14,112 1,046 5,058 12,112 16,749 15,914 366 -1,573 2,042 44,451 13,308 708 5,064 25,371 34,924 18,493 645 5,965 9,821 37,908 21,472 1,939 9,082 5,415 50.4 42.0 .7 7.6 -1 50.7 35.7 .8 12-3 1.9 44.7 27.8 1.2 8.0 7.7 40.6 32.9 .6 -5.3 12.4 73.6 61.3 1.4 -2.3 13.2 6,627 5,424 3,874 2,999 5,143 1,120 6,508 4,209 3,191 2,603 10,377 1,823 11.2 9.4 6.1 13.4 15.2 7.9 39.6 10.0 38.0 25 17.1 26 Financial institutions Sponsored credit agencies Hortgage pools Federal reserve systea 103,340 3,626 13,280 9,149 99,226 476 18,288 5,161 77,735 109,699 126,332 134,537 1,934 1,922 2,606 -4,031 18,698 16,044 18,377 13,348 -4,751 5,415 14,852 -4,620 158.3 20.8 3.4 6.2 141.3 4.5 7.1 8.5 216.0 4.7 12.2 9.8 288.5 6.4 16.1 7.1 349.5 26.7 13.6 7.0 27 28 29 30 31 32 33 34 35 Coaaercial banking Coaaercial banks Bank affiliates Foreign banking offices Banks in O.S. poss. 27,151 24,430 -257 2,747 231 40,399 39,621 94 596 88 16,403 15,715 43 454 191 32,464 33,986 -235 -1,367 80 31,685 29,902 -105 1,769 119 54,711 55,359 63 -782 71 67.0 58.5 .9 7.2 .5 29.5 28.5 --5 1. 1 -4 59.8 55.1 -.3 4.4 .6 87.8 81.9 .6 4.9 .3 129.0 110. 1 -1.0 19.6 .2 31 32 33 34 35 36 37 38 39 40 Private nonbank finance Savings institations Savings ♦ loan assns. Hutual savings banks Credit unions 50,134 5,275 2,027 165 3,083 34,902 13,255 9,302 1,176 2,777 51,416 27,433 18,571 4,193 4,669 53,842 34,784 25,754 3,782 5,248 59,496 36,814 28,105 4,129 4,580 68,492 29,564 23,754 3,603 2,207 60.9 25.3 19.5 3.1 2.7 91.8 51.2 35.1 10.7 5.4 129.5 68.4 49.0 12.8 6.6 171.1 78.5 60. 1 11.1 7.2 173.3 72.8 56.7 8.8 7.3 36 37 38 39 40 19 20 21 22 23 24 Private doa. nonfin. sectors Households lonfara noncorp, business Corporate business State ♦ local governaents 25 26 Foreign O.S. Governaent 27 28 29 30 478.2 19 20 21 22 23 24 41 42 43 44 45 Insurance sector Life insurance cos. Private pension funds St.*loc.govt.rtr.funds Other insurance cos. 23,625 10,535 4,084 7,230 1,776 21,409 11,827 2,556 5,689 1,337 27,913 14,353 4,019 6,868 2,673 27,512 12,714 4,438 8,747 1,613 23,409 13,526 5,739 1,194 2,950 23,250 10,881 5,036 4,274 3,059 29.8 12.9 5.6 6.7 4.6 40.6 16.9 7.0 9.3 7.3 49.7 23.7 3.6 9.8 12.5 69.0 27.5 12.2 11.9 17.5 75.0 33. 1 8.3 17.0 16.5 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 21,234 175 -77 4,861 14,249 2,026 238 1,869 -73 3,065 -4,427 -196 -3,930 -8,454 644 5,520 — -75 2,494 7,025 -7,266 -10,769 -4,333 -5,624 -727 3,526 -75 1,142 —2,809 -2,511 15,678 13,339 -100 2,484 -511 466 5.7 4.9 .2 .7 .8 -.8 * 2.6 -4.8 .5 .7 1.0 11.4 11.7 -3.8 -.2 .6 3.1 23.6 22.5 -2.4 3.9 -.1 -.3 25.5 24.0 -1.1 .8 3.2 -1.3 46 47 48 49 50 51 (1) Excludes corporate egaities. Total Liabilities aad Their Belation to Total Pinancial Assets Met flows through credit aarkets (froa 138,816 138,427 100,747 164,867 167,050 184,645 1 preceding table) Other financial sources: -854 1,653 522 -536 1,348 363 Official foreign exchange 2 137 495 112 471 133 86 Treasury curr. and SOB ctfs. 3 378.7 478.2 1 2.5 1.2 .1 .3 .5 .5 2 3 87.5 6.9 37.7 2.4 41.1 -.4 -.2 113.3 18.6 98.0 1.3 -8.9 3.5 .8 147.7 24.8 121.6 V -13.9 13.6 1.7 165.6 30.4 94.6 .2 28.3 10.9 1.3 184.0 4 32.6 5 65.5 6 6.9 7 54.5 8 22. 1 9 2.4 10 3,879 36,626 3,947 27,226 6.7 29.6 8.7 34.9 8.4 44.0 11.5 55.9 12.0 11 61.8 12 1,679 -12,036 7,861 10,708 5,852 16,379 21,514 22,021 12,487 13,155 9,551 -173 11,348 510 12,695 78 -628 16,842 21,278 19,982 1,104 274 -4,414 4,540 2,187 -3,955 -7,973 -16,636 -17,384 -18,012 10,060 17,634 17,519 13,068 7,759 .2 5.7 -4.8 35.2 1.2 -18.0 32.5 -11.1 10.6 3.7 12.4 -2.7 -14.5 37.4 -8.9 10.6 12.7 19.3 8.0 -21.8 51.8 -1. 1 6.5 2.2 28. 1 -.6 -23.9 45.0 16.0 1.9 1.2 59.0 5.2 -23.3 71. 8 277,425 271,120 183,882 297,695 310,322 348,204 406.7 406.0 559.5 668.4 868.9 20 • 21 -.5 22 -4.2 23 84,039 64,S21 30,322 45,593 24,529 29,951 -10,398 31,061 23,739 67,131 108,997 36,354 22,025 -17,013 -26,296 -15,680 5,979 -16,253 -48,410 -3,280 244 8,695 -4,085 9,148 -1,381 461 -2,266 1,223 11 12 Life insurance reserves Pension fund reserves 3,645 33,988 13 14 15 16 17 18 19 -10,030 Interbank claias 7,156 Corporate eguities 3,969 Security credit 4,715 Trade debt 1,379 Profit taxes payable Boncorp. proprietors* eguity -3,001 11,915 Hisceblaneoes Digitized for http://fraser.stlouisfed.org/ IT/83 BASBD 01 Federal Reserve Bank of St. Louis 283.8 .8 .9 82,478 8,679 39,757 -454 18,970 13,393 2,133 Deposits at financial insts. Checkable deposits Snail tine * savings dep. Honey narket fund shares Large tiae deposits Security IP’s Foreign deposits - Floats not incl. in assets Deaand dep.: D.S. Govt. 21 other 22 Trade credit 23 - Liabilities not allocated as assets Treasury currency 24 Interbank claias 25 Security BP's 26 Profit taxes payable 27 Hiscellaneous 28 Totals allocated to sectors as assets 29 FRASER 211.6 1.3 .4 61,124 8,888 30,623 -1,625 12,087 10,818 333 4 5 6 7 8 9 10 20 Total financial sources 229.3 3,704 28,254 4,131 28,606 3,828 31,278 -179 -5,342 -4,244 6,008 14,293 12,440 * .4 -.4 .1 1.6 3.0 -.8 .6 -4.4 1.5 1.8 -10.2 137 133 1,584 2,998 -434 8,399 928 -1,421 -1,781 -10,368 86 -3,901 11,843 -825 -8,610 -. 1 2.5 .3 .7 .7 • -3.8 4.6 -1.0 5.5 -.2 -.9 9.3 .2 4.7 -.3 -5.4 5.5 -1.0 8.6 287,653 252,987 203,955 300,103 320,342 316,870 402.6 395.8 550.9 667.9 -1,158 -5,688 -1,018 -204 151 14,386 -8,727 12,927 -11,636 66 95 6,529 639 1,371 3,277 -1,645 -1,039 -8,685 -11,948 112 984 -36 872 -1,793 PBELIBIB1BT AID XICOHPLETE IIFOBHATION 315 -114 -3,039 • .8 11.4 1.5 6.6 13 14 15 16 17 18 19 24 25 26 27 28 853.3 29 FBBBOABI 22, 1984 Total Claias Total Claias Total Finaacial Assets aad Liabilities SEASOBALLI ADJUSTED ABBOAL BATES SEASOBALLI ADJUSTED ABBOAL BATES 1979 1980 1981 1982 1983 I 1982 1 HI IB | 1 1983 I II III IT Total Bet Borrowing aad Lending in credit Harkets d) Total net borrowing in credit aarkets 1 1 488.7 433.7 489.8 480.3 617.3 493.4 510.8 509.2 670.4 596.4 693.2 2 3 4 5 6 7 8 9 386.0 37.4 348.6 176.4 21.4 34.4 96.0 20.5 343.2 79.2 264.0 117.5 14.4 33.7 78.1 20.3 377.2 87.4 289.8 120.6 16.3 39.6 103.7 9.7 395.3 161.3 234. 1 86.3 9.0 29.8 72.7 36.3 509.5 186.6 322.9 163.6 3.9 62.0 57.4 35.9 442.7 206.5 236. 1 78.4 10.8 26.5 90.0 30.4 427.0 224.4 202.5 93.7 7.3 23.3 22.0 56.2 412.3 192.4 219.9 109.8 -2.4 44.8 37.5 30.2 582.2 269.7 312.5 147.2 1.6 57.8 35.4 70.4 502.4 168.0 334.4 177.5 4.3 80.0 46.9 25.7 541.0 116.1 424.9 219.9 12.2 65.4 109.9 17.6 Doaestic nonfinan. sectors O.S. Governaent Private doaestic Boasebolds Fara business Boafara noncorp. bus. Corporate business State*local governaents 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 20.2 82.5 24.8 23.1 .2 6.5 12.6 16.6 -1.3 27.2 63.3 25.6 19.2 .2 6.9 7.4 6.3 -2.2 27.2 85.4 32.4 15.0 -. 1 8.3 15.5 14.1 .2 15.7 69.3 15.3 49.5 .6 1.9 -3.0 4.9 .1 19.2 88.6 1.6 66.5 -.1 8.6 -5.2 17.2 .1 11.9 38.9 12.6 53.4 .8 -15.7 -18.3 6. 1 -1 25.3 58.5 • 70.8 1.4 4.0 -12. 1 -5.6 .1 15.7 81.2 1.0 74.6 1.1 5.6 -15.0 13.9 .1 21.3 66.9 -5.9 66.2 -.9 6.6 -6.6 7.5 .1 7.9 86.1 -11.2 74.3 .1 12.1 -7.3 18. 1 .1 31.8 120.3 22.7 50.8 -.6 10.2 7.9 29.3 .1 Foreign borr. ia O.S. Financial sectors Sponsored credit agencies flortgage pools Coaaercial banks Bank affiliates Saviags aad loan assas. Finance coapanies Beits 10 11 12 13 14 15 16 17 18 19 488.7 433.7 489.8 480.3 617.3 493.4 510.8 509.2 670.4 596.4 693.2 20 21 22 23 24 118.9 89.9 1.8 5.7 21.5 74.4 59. 1 .4 -4.2 19.1 87.2 73.9 2.6 2.7 7.9 99.7 57.4 1.7 13.7 26.8 134.0 69.2 3.7 18.5 42.6 89.0 55.7 .6 11.4 21.3 155.8 83.2 .5 20.3 51.8 40.5 14.9 3.4 5.0 17.3 185.1 83.8 4.5 22.2 74.7 127.0 61.6 2.0 9.2 54.2 183.5 116.5 4.8 37.8 24.4 25 26 -4.6 19.0 23.2 23.7 16.0 24.1 17.6 16-7 25.2 9.8 13.2 22.5 -5.0 15.7 32.6 3.0 47.6 13.3 1.7 11.6 19.0 11.1 27 28 29 30 355.4 30.0 23.1 7.7 312.4 26.4 19.2 4.5 362.6 33.2 15.0 9.2 346.3 15.8 49.5 9.8 448.3 2.4 66.5 10.9 368.7 .5 53.4 26.8 344.3 11.4 70.8 12.2 433.1 -2.2 74.6 .6 424.4 -.5 66.2 23.6 456.2 -10.1 74.3 49.0 31 32 33 34 35 123.1 108.7 -.1 14.5 * 101.1 83.5 -.1 17.0 .5 103.6 96.9 .1 7.7 -1.1 108.5 107.6 .1 .3 .6 135.3 135.0 -.2 .1 .5 87. 1 84.7 -1.0 2.6 .9 127.1 125.6 .4 .8 .4 131.2 126.7 .2 3.5 .8 123.9 120.6 -.9 4.0 .3 36 37 38 39 40 171.6 56.7 49.4 4.4 2.8 161.2 54.9 46.6 5.9 2.4 201.7 27.2 22.6 .9 3.7 162.7 30.6 19.4 .6 10.6 233.2 128-6 96.2 15.7 16.7 200.9 14. 1 3.6 -4 10.0 122.7 47.9 31.6 4.2 12.1 228.8 119.1 83.1 15.8 20.2 41 42 43 44 45 66.4 33.4 8.8 10.8 13.4 74.4 32.8 10.8 20.9 9.9 79.3 34.7 12.8 22.5 9.4 94.2 43.4 17.. 4 26.5 6.9 102.1 51.5 19.2 21.1 10.3 91.2 42.0 14.8 28.9 5.6 94.8 53.7 13.2 22.8 5.2 46 47 48 49 50 51 48.5 27.1 -1.0 1.9 19.8 .6 32.0 13.8 -.7 4.8 14.9 -.7 95.2 26.1 -1. 1 5.3 62.5 2.4 37.9 4.6 -.7 12.7 21.4 -. 1 2.6 23.0 -.3 13.1 -21.4 -12.0 95.5 10.3 -.3 19.4 57.0 9.1 -20.0 -6.9 -.3 12.3 -17.7 -7.3 Total net lending in credit aarkets 19 private doa. nonfin. sectors flouseholds Bonfara noncorp. business Corporate business State * local governaents 20 21 22 23 24 Foreign O.S. Governaent 25 26 479.6 22.5 50.8 -29.6 Financial institutions Sponsored credit agencies Bortgage pools Federal reserve systea 27 28 29 30 103.5 106.4 —.4 -2.9 .5 162.4 186.1 .3 -4.3 .3 Coaaercial banking Coaaercial banks Bank affiliates Foreign baaking offices Banks in O.S. poss. 31 32 33 34 35 211.1 142.0 104.2 16.7 21.0 239.5 142.0 109.8 16.5 15.8 253.6 111.3 87.6 13.9 9.8 Private nonbank finance Savings institutions Savings * loan assns. Hutual savings banks Credit unions 36 37 38 39 40 100.8 50.6 13.9 27.5 8.9 114.0 50.8 18.3 35.0 9.9 91.0 54.9 21.2 4.8 10.2 102.6 49.7 23.5 17.1 12.3 8.9 18.8 28.1 -29.1 -8.9 -44.9 13.3 -.3 10.0 -43.1 -24.8 6.5 22.4 -.3 4.6 -11.2 -8.9 39.7 37.6 -.4 9.9 -2.0 -5.4 Insurance sector Life insurance cos. Private pension funds St.*loc.govt.rtr.funds Other insurance cos. 41 42 43 44 45 Finance a.e.c. Finance coapanies Beits Butaal funds Boney aarket funds Brokers and dealers 46 47 48 49 50 51 (1) Excludes corporate eguities. Total Liabilities and Their Relation to Total Fiaancial Assets Net flows through credit aarkets (froa 596.4 preceding table) 693.2 Other financial sources: Official foreign exchange -3.4 5.4 Treasury curr. and SDB ctfs. .5 -3 1 1 488.7 433.7 489.8 480.3 617.3 493.4 510.8 509.2 670.4 2 3 « 1.6 8.1 1.3 3.3 1.2 3.6 1.7 .5 .5 1.5 1.9 6.6 2.0 2. 1 .4 -2.1 .5 4 5 6 7 8 9 10 181.3 35.9 61.0 34.4 27.8 16.1 6.1 216.1 16.0 86.7 29.2 61.0 20.4 2.8 275.0 28.3 47.5 107.5 61.8 17.5 12.6 221.5 36.5 138.5 24.7 3.4 15.9 2.5 219.5 38.2 215.7 -44.1 -20.6 28.8 1.4 339.6 74.5 129.0 88.1 13.4 40.3 -5.5 133.4 39.7 231.9 -68. 1 -72.2 .3 1.8 244.6 88.1 409.3 -105.2 -171.2 32.6 -9.1 195.3 108.5 180-5 -62.7 -20.2 -15.6 4.9 246.5 4. 1 162.8 -6.5 37.3 47.4 1.3 191.7 -47.8 110.3 -1.8 71.5 50.9 8.5 11 12 12.5 55.6 11.5 78.2 10. 1 91.7 14. 1 106.3 15.8 123.7 14.6 105.0 14.8 122.4 16.5 131.9 15.3 130.3 15.5 113.3 15.8 119.4 Life insurance reserves Pension fund reserves 13 14 15 16 17 18 19 22.7 -3.8 2.1 61.5 2.8 -28.8 91.8 -29.5 22.2 12.5 48.4 -3.1 -4 0.8 63.4 -15.8 -3.7 .9 33.7 -8.4 -26.9 101. 1 -12.2 35.4 6.5 -12.1 -16.2 -23.9 69.0 12.4 69.2 24.4 57.5 3.4 -60.0 56.0 -45.0 30.0 17.9 -6.5 -11. 1 -25.7 46.6 38.3 64.0 25.2 -21.4 -15.8 -23.2 67.9 -65.7 82.2 16.1 23.1 -1.8 -27.6 54.7 7.3 91.9 40.8 89.4 22.7 -48.3 57.9 28.1 51.5 4.3 61.9 1.2 -84.4 50.6 79.8 51. 1 36.4 55.4 -8.5 -79.7 60.8 13 Interbank claias 14 Corporate eguities 15 Security credit 16 Trade debt 17 Profit taxes payable Noncorp. proprietors’ eguity 18 19 Biscellaneous 20 888.0 822.0 952.2 873.9 1140.1 962.2 925.1 985.9 1271.4 1082.0 .3 -.1 -14.5 -.5 2.3 -10.1 .2 4. 1 4.6 .2 .6 -3.4 6.3 .1 -6.5 .9 1.6 -1. 1 .4 1.6 -4.2 3.5 -2.5 1.2 -10.2 -2.7 -8.6 6.2 6.4 -11.2 25.7 -.8 -7.3 24 25 26 27 28 -1.7 3.5 1.8 14.9 -.1 -.2 -3.4 8.9 •6 -11.8 -.2 -2.4 -3.1 -1.0 -.5 1.1 15.7 4.5 -.8 -13.5 .5 1.7 19.8 -.4 -22.6 .3 27.0 8.5 .1 -47.4 .4 12.4 9.3 -1.0 -22.4 •4 -4. 1 1.3 -2.0 -17.5 .5 3.3 -.9 • -12.1 .5 11.4 36.9 1.0 -54.2 .3 -4.0 41.8 -.7 -6.5 950.6 869.4 1141.3 972.3 928.6 1005.4 1302.1 1084.9 1172.7 884.0 29 836.1 http://fraser.stlouisfed.org/ BILLIONS DOLLABS. Federal Reserve Bank of St.OFLouis IT/83 BASED 0B IBCOBPLBTB INFOBHATION. Deposits at financial lasts. 4 5 Checkable deposits 6 Saall tiae ♦ savings dep. 7 Boney aarket fund shares 8 Large tiae deposits 9 Security BP’s 10 Foreign deposits 1221. 1 Total financial sources 21 22 23 2 3 - Floats not incl. in assets Deaand dep.: O.S. Govt. Gther Trade credit - Liabilities not allocated as assets Treasury currency Interbank claias Security BP’s Profit taxes payable Biscellaneous Totals allocated to sectors as assets 11 12 20 21 22 23 24 25 26 27 28 29 PIBIDilT 22, 1914 Saving by individuals Saring by individuals laoaat aad Coaposition of Individuals* faring (1) 52 OIIOJOSTID III ILCISd BILL) OBADJOSTBD Bit FLOBS (S BILL) 1982 III IT | 1 1983 z IZ ZIX IT 1 Increase in financial assets 110,093 104,458 102,618 90,109 117,751 118,243 7,311 checkable deposits and cnrr. 5,979 7,189 10,922 2 12,459 15,331 Tiae and savings deposits 17,485 53,753 66,459 38,108 49,350 52,009 3 Boney narket fund shares -454 4 22,025 -17,013 -26,296 -15,680 -1,625 5 8 7 8 9 10 11 12 13 14 15 18 17 18 Securities O.S. savings boads Other B.S. Treasury secar. O.S. fiovt. agency secur. State * local obligations Corporate » foreiga bonds Open-aarket paper Bntaal fend shares ether corporate eguities Private life insurance res. Private insured pension res. Private aoainsered pen. res. Govt, iasaraace ♦ pea. res. Biscellaneous finan. assets 19 Gross inv. ia taagible assets Owner-occupied hoaes 20 21 Other fixed assets (2) Consuaer darables 22 Inventories (2) 23 1974 BILLIOBS OF DOLLABS 1976 1975 1977 1978 147.3 7.4 55.7 2.4 174.3 6.9 83.4 1.3 210.5 15.7 107.5 e 235.4 20.1 107.5 •2 275.3 22.5 100.3 6.9 1 2 3 4 11,663 147 7,118 1,452 7,065 12,865 757 9,767 -2.652 7,632 19,553 475 17,524 -2,304 4,764 18,211 876 -3,299 795 19,615 19,837 868 12,626 4,899 4,241 23,297 920 7,541 7,127 2,379 34.5 3.0 12.4 4.6 8.3 25.6 4.0 15.8 -1.0 6.2 15.7 4.7 2.1 2.9 2.0 21.3 4.7 9.2 5.7 -1.5 42. 1 3.9 18.0 7.6 4.1 5 6 7 8 9 3,083 -8,344 6,222 -5,072 1,505 -4,755 5,822 -5,211 -5,318 1,579 11,630 -8,797 -5,633 1,813 7,746 -3,702 3,340 -6,305 6,375 -6,207 1,478 1,515 6,819 -4,482 5.1 1.7 .9 -1.6 8.9 -4.4 -.3 -3.5 11.8 -3.1 -2.4 -2.2 -3.2 9.8 .9 -4.4 -1.8 15.4 -. 1 -5.0 10 11 12 13 3,638 8,563 6,894 18,538 8,868 3,687 9,833 7,417 11,021 7,564 4,119 10,705 8,843 9,070 2,976 3,814 9,779 7,696 13,817 3,442 3,865 8,963 8,120 19,557 2,373 3,933 8,416 8,169 10,655 6,239 6.6 6.4 10.7 12.6 11.1 8.5 8.1 11.8 15.1 13.6 8.2 15.3 11.2 17.7 19.2 11.3 14.9 18.7 22.5 18.9 11.7 18.3 15.9 27.9 29.6 14 15 16 17 18 102,771 112,837 105,111 119,865 120,384 133,103 17,991 22,612 25,120 20,585 27,769 33,312 25,908 23,682 22,634 28,124 25,786 21,695 58,961 69,091 58,390 71,892 68,089 80,756 -736 -1,260 -2,660 -89 -2,548 -1,033 210.8 45.0 46.1 121.5 -1.8 222.3 45*6 42.1 132.2 2.4 262.6 60.6 46.2 156.8 -1.0 320.8 81.8 57.7 178.2 3.1 375.6 99.2 73.2 200.2 3.0 19 20 21 22 23 24 Capital eoasuaptioa allowances 25 Ovaer-occapied hoaes Other fixed assets (2) 28 Consuaer durables 27 87,875 12,749 22,553 52,573 89,957 13,247 22,577 54,133 91,866 13,678 22,654 55,534 93,344 14,041 22,528 56,775 96,101 14,506 23,339 58,256 97,108 14,882 22,699 59,527 146.5 19.7 33.7 93. 1 166.6 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 24 25 26 27 28 Bet inv. in tangible assets Owner-occupied hoaes 29 30 Other fixed assets (2) 31 Consaaer derabies Iavestories (2) 32 14,896 5,242 3,355 6,388 -89 22,880 9,365 1,105 14,958 -2,548 13,245 11,442 -20 2,856 -1,033 26,521 6,544 5,596 15,117 -736 24,283 13,263 2,447 9,833 -1,260 35,995 18,430 -1,004 21,229 -2,660 64.2 25.2 12.4 28.4 -1.8 55.7 23.5 3.4 26.5 2.4 79.4 36. 1 4.4 40.0 -1.0 117.1 53.2 11.2 49.6 3. 1 145.7 65.7 20.3 56.7 3.0 28 29 30 31 32 33 Bet increase ia debt 34 Btg. debt os nonfara hoaes 35 Other aortgage debt <2) 36 Consuaer credit 37 Security credit 38 Policy loans 39 Other debt (2) 33,297 15,054 5,607 6,339 830 1,045 4,422 40,197 16,267 5,557 10,290 4,376 533 3,174 28,858 20,698 8,112 -2,651 2,252 559 -112 67,277 18,017 18,730 12,835 7,476 378 9,841 71,513 32,337 17,899 17,142 2,751 249 1,135 86,628 35,038 14,795 26,842 6,511 337 3,105 83.3 38.0 25.6 9.9 -1.8 2.7 8.9 77.0 40.6 18. 1 9.6 .7 1.6 6.5 124.7 61.4 21.3 25.4 4.8 1.4 10.4 183.0 90.8 32.0 40.2 1.3 1.7 16.9 224.9 111.5 34.6 48.8 1.2 2.6 26.2 33 34 35 36 37 38 39 40 Individuals* saving (1*28-33) 91,692 87,141 87,005 49,353 70,521 67,610 128.3 12.6 28.4 153.0 15.1 26.5 165.1 17.7 40.0 169.5 22.5 49.6 196.0 40 27.9 41 56.7 42 .5 -.1 86.9 .2 .1 111. 1 .5 -.1 107. 1 .6 -.3 97.1 .7 43 .2 44 110.5 45 85.1 94.3 82.5 78.0 89.4 46 1.8 16.8 24.6 19.1 21.2 47 (1) Coabined statenent for boaseholds, farn basiaess, aad nonfara noncorporate basiaess. (2) Idclades corporate faras. IT/83 BASID OB PBBLIBIIABT AID IBCOBPLBT1 IBFOBBATIOB PEBIUAII 22, 198* Saving hy Individuals Saving by Individuals 53 Aaoaat aad Coapoaitioa of Individuals' Saving (1) SBASOIALLI ADJUSTED AIIOAL BATES SBASOIALLI ADJUSTED AIIOAL IATBS I 1982 1 III 1979 1980 1981 1982 1983 1 2 3 4 293.6 22.0 78.5 34.4 323.1 3.8 125.6 29.2 354.2 25.8 66.3 107.5 365.2 23.0 120.5 24.7 428.7 31.4 205.9 -44.1 389.6 19.9 87.0 88. 1 409.9 45.2 183.3 -68. 1 5 6 7 8 9 54.7 -.8 26.0 20.5 10.4 37.0 -7.3 28.9 11.0 7.0 19.2 -4.3 38.2 14.8 9.4 45.6 .2 31.6 -2.0 29.9 80.9 3.1 34.4 10.5 31.0 38.0 • 16.5 -5.7 27.1 10 11 12 13 5.7 8.2 .1 -15.3 .6 -3.2 5.2 -5.1 -8.9 1.7 6.8 -38.5 -9.4 -8.2 18.6 -15. 1 -6.1 -1.4 32.6 -23.2 14 15 16 17 18 12.3 17.5 14.0 24.4 35.8 11.4 20.6 22.3 35.3 37.9 9.9 28.6 22.4 41.0 33.6 13.9 32.7 26.6 47.2 30.9 19 20 21 22 23 408.1 110.9 78.5 213.4 5.3 386.7 96.7 82.0 214.7 -6.6 438.4 96.6 96.9 236.1 8.8 24 25 26 27 261.4 39.1 61.3 160.9 298.0 44.1 72.0 182.0 28 29 30 31 32 146.7 71.8 17.2 52.5 5.3 33 34 35 36 37 38 39 IT I 1 1983 II III 422.7 75.8 270.2 -105.2 427.8 53.3 166.4 -62.7 404.9 -0.5 220.0 -6.5 84.8 .7 50.2 -5.5 36.3 21.1 4.7 12.5 3.0 24.4 109.6 3.9 49.9 -1.6 67.6 10.9 -11.2 26.2 -25.8 3.8 -10.9 21.8 -11.8 -18.8 -6.4 42.7 -41.1 15.7 37.9 32.8 53.1 15.0 14.6 34.3 27.9 42.8 37.0 14.7 39.3 30.8 52.3 27.6 418.3 77.0 100. 1 244.5 -3.3 478.5 106.8 98.2 279.1 -5.7 414.4 75.2 98.8 243.4 -3.0 325.5 48.3 80.8 196.4 349.0 50.9 88.9 209.2 378.4 57.1 91.2 230.1 88.7 52.6 10.0 32.8 -6.6 112.8 48.3 16.0 39.7 8.8 69.3 26. 1 11.2 35.3 -3.3 237.4 121.2 40.9 45.4 1.0 4.7 24.1 175.8 98.3 34.8 4.9 6.5 6.7 24.7 180.3 78.8 37.2 24.1 -1.6 7.4 34.5 40 41 42 202.9 24.4 52.5 236.1 35.3 32.8 43 44 45 .9 .1 124.9 46 *7 I IT 459.6 Increase in finaacial assets 5.0 Checkable deposits and curr. 167. 1 Tiae aad savings deposits -1.8 Boney aarket fund shares 1 2 3 4 61.7 2.9 31.7 5.4 16.4 131.2 1.1 43.5 35.2 15.6 5 6 7 8 9 -19.4 -13.4 34.8 -12-2 11.1 -1.5 27.0 -31.3 2.5 15.6 25.8 -8.1 16.5 42.8 32.8 56.4 12.4 15.3 39.1 31.2 60.1 15.5 15.5 35.9 33.3 44.3 9.3 15.7 33.7 34.1 51.6 22.9 425.1 80.4 99.9 252.1 -7.3 444.5 86.6 101.7 258.5 -2.3 474.3 101.4 100.0 277.7 -4.8 488.9 115.1 99.2 282.8 -8.2 506.0 Gross inv. ia tangible assets Owner-occupied hones 124.0 Other fixed assets (2) 92.0 297.4 Coasaaer durables -7.4 Inventories (2) 19 20 21 22 23 351.5 51.0 90.2 210.3 359.8 53.0 90.3 216.5 367.5 54.7 90.6 222.1 373.4 56.2 90.1 227.1 384.4 58.0 93.4 233.0 388.4 Capital consuaption allowances 59.5 Owaer-occapied hones 90.8 other fixed assets (2) 238.1 Consuaer durables 24 25 26 27 100.0 49.7 7.0 49.0 -5.7 62.9 24.2 8.6 33.1 -3.0 65.2 27.4 9.6 35.5 -7.3 77.1 31.9 11.1 36.4 -2.3 101.0 45.3 9.9 50.6 -4.8 104.5 57.1 5.8 49.8 -8.2 117.6 let inv. ia tangible assets 64.5 Owner-occupied hones other fixed assets (2) 1.3 Consuaer durables 59.3 -7.4 Inveatories (2) 28 29 30 31 32 127.6 55.8 27.4 18.3 3.3 4.2 18.6 254.3 106.1 59.5 54.2 19.0 1.5 14.0 117.8 55.0 21.1 11.1 3.3 4.2 23. 1 142.0 57.7 26.5 23.6 17.5 2.1 14.5 173.4 77.9 42.7 28.8 9.0 2.2 12.8 249.8 90.0 60.7 50.7 29.9 1.5 17.0 267.8 123.6 71.2 50.3 11.0 1.0 10.7 326.0 let increase in debt Btg. debt on nonfarn hoaes 132.9 63.6 other aortgage debt (2) 86.8 Consuaer credit Security credit 26.0 1.3 Policy loans 15.3 Other debt (2) 33 34 35 36 37 38 39 286.7 41.0 39.7 306.9 47.2 35.3 274.5 53.1 49.0 334.7 42.8 33. 1 333.1 52.3 35.5 326.4 56.4 36.4 278.9 60.1 50.6 241.6 44.3 49.8 40 41 42 1.8 -.5 166.7 2.7 -.4 203.7 2.4 • 222.1 3.4 .1 168.9 1.5 -.1 257.3 2.1 •1 243.1 2.1 -.1 231.5 3.0 • 165.1 4.7 .2 142.6 251.1 Individuals' saving (1*28-33) 51.6 - Govt, insurance * pea. res. 59.3 - Net investaent in cons. dur. - Capital gains dividends 3.6 froa autual funds • 2 - let saving by fara corps. 136.4 * Personal saving, P/P basis 96.7 110.2 135.3 125.4 114.7 123.0 120.8 121.7 91.5 115.8 129.9 Personal saving, IIPA basis 46 28.2 56.5 68.4 96.7 54.2 134.3 122.3 109.8 73.7 26.8 Securities O.S. savings bonds Other U.S. Treasury secur. U.s. Govt. agency secur. State ♦ local obligations Corporate ♦ foreign bonds Opea-aarket paper Butual fund shares Other corporate eguities Private life iasaraace res. Private insured pension res. Private nonlasered pea. res. Covt. insurance ♦ pea. res. Biscellaneons fiaan. assets 6.5 Difference (1) Coabiaed stateeent foe households, fara business, aad nonfara noncorporate business. (2) Includes corporate faras. BILLIOIS OP DOLLABS. IT/83 BASEC 01 IICOBPLETZ IIPOIBATIOI. 10 11 12 13 14 15 16 17 18 43 44 45 47 FIBBOABI 22, 198* Discrepaacies Discrepancies Discrepancies - Saaaary for Sectors aad Traasactioas 54 OBADJOSTBD BBT BLOBS(S BILL) OBADJOSTBD BBT BLOBS(S Bill) 1982 III IB ) 1 1983 I II III IB 1978 BILLIOBS OP DOLLABS 1975 1977 1976 1978 Sector Discrepancies 1 Total, all sectors Boasebolds 2 BoafiaJ corporate basiaess 3 State aad local govarsseats 4 0-3. Governaent 5 Foreign 6 -18,052 23,780 -24,382 -2,229 -15,125 -30,383 -15,663 -88,556 -20,120 -2,716 3,617 8,325 12,813 23,066 10,881 -5,178 2,056 -5,881 3,512 5,512 989 -1,829 10,108 -5,137 -2,992 7,798 -2,958 -1,368 16,393 13,850 80,519 13,202 28,107 8,012 3,789 -1,878 .8 -1.8 .2 8.9 -.7 -2.8 8.7 -16.8 6.0 6.8 2.7 5.7 3.5 -24.6 9.2 8.3 8.8 9.6 -.9 -19.1 16.5 5.3 5.8 -2.9 18. 1 -21.2 23.8 7.8 3.9 11.5 1 2 3 4 5 6 7 8 9 10 Financial sectors Sponsored credit agencies Bonetary aetbority Connercial banks -8,309 120 -3,359 -1,978 625 — -1,693 -2,188 88 — -2,131 360 222 -1,987 -8,080 5 -3,188 -3,077 895 — -1,696 .1 .1 — -3.2 .3 .3 .1 -3.8 .3 -1.8 -6.5 •8 -6.1 11 12 13 19 15 16 Private nonbank fiaance Savings and loan assns. Batnal savings banks Life iasnraace Other iasnraace Fiaance a.e.c- -1,070 662 50 -278 -198 -1,310 -906 118 -78 879 99 -1,928 -101 516 -312 -165 -353 213 2,125 328 -175 -390 1,005 1,357 -937 -305 -330 -90 -267 55 -1,876 -808 -388 776 -29 -1,831 3.2 •1 .1 .5 1.1 1.6 -.1 • -. 1 -.8 -.9 1.2 -2.6 -.2 -.2 .2 -2.8 .3 -.8 -.5 -.3 1.5 -1.5 * .2 -.2 -.1 1.6 -.7 -.8 11 12 13 18 15 16 -7.8 7 .5 8 — 9 -8.0 10 Transaction Discrepancies 1 Total, all types 2 Treasury carreacy Interbank clains 3 8 Secarity BPcs Denand deposit nail floats: O.S. Governaent 5 6 Other 7 8 9 10 11 12 Trade credit Profit tares payable Aiscellaneoas Honfinanciai Bonfinaneial coaponents: BIPA discrepancy (neg.) Pvt. wage accr. less disk. -18,052 66 6,529 1,371 -1,158 -5,680 23,780 -24,382 95 112 639 988 3,277 -36 -206 16,386 151 -8,727 -1,018 12,927 -11,636 -1,685 -1,039 872 -8,685 -11,968 -1,793 -3,826 5,647 -6,309 3,826 - -5,647 - 6,309 - XB/83 BASBD OB FBBLIBXBABX ABD 1BCOBPLBTB IBFOBBATIOB -2,229 -15,125 133 137 1,584 2,998 -434 8,399 40,519 86 -3,901 11,843 •6 -.1 2.5 .3 6.7 s -3-8 6.6 3.5 -.2 -.9 9.3 -.9 -.3 -5.4 5.5 18.1 a .8 11.4 1 2 3 6 -179 -5,362 6,008 18,293 • .8 .1 1.6 -.8 .6 1.5 1.8 • -.5 5 6 -3,039 -8,266 928 -1,821 -1,781 -10,368 179 -5,105 12,440 -825 -8,610 9,185 -.6 .7 .7 -3.7 3.0 -1.0 5.5 -5.5 -6.6 .2 4.7 -5.1 -10.2 -1.0 8.6 -1.3 -6.2 7 1.5 8 6.6 9 2.5 10 -9,185 - 3.7 - 5.5 - 5.1 - 1.3 - -2.5 11 - 12 315 -116 -179 - 5,105 - F IB BOABT 22, 1984 Discrvpaaciaa Discrepancies 55 Discrepancies - seanary for Sectors aad Transactions SEASONALLY ADJUSTED ANNUAL NATIS SEASONALII ADJUSTED ANNUAL BATES 1979 1980 1981 1982 1983 I 1902 I III IT I 1 1903 I II III If Sector Discrepancies 1 2 3 4 S 6 S.S -28.2 -1.0 11.9 6.0 27.5 -16.4 -56.5 13.1 0.8 -.4 24.0 6.5 -68.4 41.6 3.0 10.3 25.9 3.9 -96.7 57.7 5.1 4.2 38.5 -1.2 -54.2 46.5 6.1 7.3 2.0 -12.7 -134.3 56.9 5.0 2.5 69.2 -7.7 -122.3 52.5 6.1 3.2 61.6 -10.4 -109.8 63.3 6.0 6.4 22.7 -27.2 -73.7 45.4 6.1 10.7 -11.4 -5.3 -26.8 23.9 5.9 7.3 -4.3 7 8 9 10 -10.6 .6 -9.0 -6.2 1.1 -9.7 -5.8 1.0 -9.3 -4.9 .8 -7.7 -8.9 .8 -9.0 -12.1 .7 e -18.3 -8.0 1.5 -10.7 -6.9 .2 • -0.3 -4.4 1.9 -7.0 -11.3 .2 e -9.1 11 12 13 14 IS 16 -1.9 -.3 « -.7 1.1 -2.0 2.4 .7 -.2 .5 4.2 -2.7 2.6 1.2 .2 2.6 1.0 -3.2 1.9 1.4 -.2 .7 •6 -.6 -.0 .1 -1.2 .1 .4 -.2 -2.5 2.7 -.3 .2 .8 -5.0 .4 1.3 -.6 .7 .6 -1.5 1. 1 1.2 -.2 -.6 .4 .3 1.1 1.2 -.8 .3 .6 -.1 46.0 Total, all sectors -6.5 Boeseholds 53.3 Nonfin. corporate besiaess 6.7 State and local 90 ve manats 4.7 O.S. Oovemsent •9 Foreign 1 2 3 4 5 6 -13.1 1.0 a -11.2 Financial sectors sponsored credit agencies Bonetary aettority coaaercial beats 7 8 9 10 -2.4 -1.2 -2.0 .4 .6 -.2 -3.0 -.6 -1.7 .4 -.2 -.8 Private aoabant finance Savings aad loan assas. BBtnal savings bants life insarance Otter insarance finance n.e.c. 11 12 13 14 15 16 46.0 Total, all types Treasary cnrrency .3 laterbant clains -4.0 41.0 secnrlty BP’s Denand deposit anil floats: 25.7 0.8. 0 oven eoat —.0 Otter 1 2 3 4 5 6 Trade credit Profit tares payable Biscellaneoas Bonfinancial 7 0 9 10 Transaction Discrepancies 1 2 3 4 5.5 -.1 -1.7 3.5 -16.4 -.2 -3.4 8.9 6.5 -.2 -2.4 -3.1 3.9 K1 15.7 4.5 -1.2 .5 1.7 19.8 -12.7 .3 27.0 0.5 -7.7 .4 12.4 9.3 -18.4 .4 -4.1 1.3 -27.2 .5 3.3 -.9 -5.3 .5 11.4 36.9 5 6 .3 -.1 -.5 2.3 .2 4.1 .2 .6 6.3 .1 •9 1.6 •4 1.6 3.5 -2.5 -10.2 -2.7 6.2 6.4 7 8 9 10 -14.5 1.8 14.9 1.5 -10.1 •6 -11.0 -2.3 4.6 -KO -.5 4.9 -3.4 -.0 -13.5 -.5 -6.5 -.4 -22.6 -.1 -1.1 .1 -87.4 -2.5 -4.2 -1.0 -22.4 -4.2 1.2 -2.0 -17.5 1.2 -0.6 • -12.1 3.5 -11.2 1.0 -54.2 -2.5 -7.3 -.7 -6.5 -2.4 11 12 -1.5 - 2.3 - -4.9 - .5 - .1 - 2.5 - 4.2 - -1.2 - -3.5 - 2.5 - 2.4 - BILLIONS OF DOLLABS. IV/8 3 BASIC OB IBC0BFL8TI INFOBBATION. Bonfinancial conpoaents: BZPB discrepancy (nog.) Pvt. wage aeer. less dist. 11 12
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