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F / F Unadj 12/71 4 U l i R A R Y February 9, 1972 \, vfor uC cH^> Flew of Funds, Unadjusted 4th Quarter, 1971 Prel iminary Division of Research and Statistics Board of Governors of the Federal Reserve System Washington, D.C. TABLE LIST SUMMARY TABLES Credit Market Summary Net Investment and Borrowing SECTOR TABLES Households Total Business and Noncorporate Business Nonfinaneial Corporations Governments Banking System Nonbank Finance Summary Insurance Companies and Pension Funds Finance N.E.Co and Foreign Rest of the World TRANSACTION TABLES Monetary and Insurance Reserves Money and Deposits Summary U.S. Government Securities Private Securities and Mortgages Mortgages by Type Consumer Credit and Bank Loans N.E.C. Other Loans, Including Security Credit, Trade Credit, and Taxes Miscellaneous I Miscellaneous II Total Claims--Recapitulation by Type Saving by Individuals 9 FEBRUARY CREDIT 1 1972 MARKET SUMMARY CREDIT TOTAL UNADJUSTED YtAR 1970 QUARTERLY TOTALS 1971 FUNOS RAISED IN C R E D I T M A R K E T S BY N O N F I N A N C I A L ( M I L L I O N S OF D O L L A R S ) UNADJUSTED FLOWS J I I IV I. I II I FUNDS RAISED, BY III III TYPE AND IV TOTAL FUNDS RAISED BY N O N F I N A N C I A L S E CT ORS 31 . 6 0 8 1 3 . <*<*8 22. 178 24.213 37.696 20. 7 0 1 40.804 41.446 4 8. 132 12.812 12.886 -74 25.507 25.876 -369 3.172 4.848 -1.676 5.061 5 . 4 28 -367 2. 3 3 6 2.456 -6.400 -5.890 -510 7.633 7.445 9. 2 4 3 8.875 368 I . 574 2. 3 0 0 -726 1.818 1 .875 -57 9.530 9. 5 3 4 17. 5 8 5 12.167 418 U. 1 88 84. 7 23 6.803 77.920 1 2 5 . 5 76 13.549 112.027 18.551 1 .499 I 7.052 26.547 2.311 24.236 11.112 2 8.5/8 1 .505 2 7 . 0 73 16.580 1 .342 15.238 28.453 2.471 25.982 19.127 2.310 16.817 31.916 4. 2 4 4 27.672 35.547 3.180 32.367 ALl -120 1 .485 9.627 83.35311.754 10.550 18. 5 4 2 1 . 2 /5 956 19.623 3.202 2. 6 3 4 45. 188 7. 2 77 6. 9 6 0 24.392 4.264 4.659 9.312 1.174 1.542 9.48b 1.420 1.502 1 .998 4 19 25 7 8.383 6.886 84.723 2.614 12.245 21.593 *8.271 38. 751 6.285 3.2 35 125.576 5.384 18.726 39 . 3 0 5 6 2.161 49.011 9. 34 6 3. 8 0 4 5. 2 9 8 -294 2.013 1.058 2 . 52 1 18.551 592 1.341 6.671 9.94 7 7.587 1.881 4 79 9.682 1 . 781 3.548 4. 3 5 3 1.987 1.037 958 3 71 1 3. 6 8 6 6.456 4 . 4t> 1 -258 3 .02 7 2 6.54 7 790 1 . C74 I 1. 1 9 4 13.489 11.600 2.140 -25 1 II. 15.000 3. 3 0 7 5. 7 6 3 5.930 2.940 1.350 1.131 509 1 12 480 1.^15 412 8. 3 0 5 6. 8 2 8 344 1.13 3 ADVANCED 38.986 3.815 35.17 1 15.44H 18.628 18.748 2.090 4.640 5.857 5 . 7576 . 0 3 6 6.039 7. 6 0 1 7.952 6.852 4.134 3.735 3.019 1.579 1.896 1.642 1.387 1.927 1.637 501 394 654 -55 1 2. 0 73 -1.833 6.116 -2 . 7 7 1 2 .844 1.637 3 17 2.4 12 2 . 796 11 EUNUS 2 8 . 5 78 390 3. 3 5 6 7.479 17.353 13.964 I . 766 1.623 -21 0 -3.104 1 .365 534 995 16.580 56 7 2 .284 4 . 9 70 8.759 6 . 4 77 I . 800 482 DIRECTLY IN 22.737 4.915 6. 1 61 1 1 .661 6.458 2.451 2.284 463 21.512 4.345 3. 7 3 0 13.437 7.541 2.505 2.838 653 ?0.356 3.4?5 3.693 13.238 7.374 2.714 2.72? 42 8 7.354 -1 . 9 3 1 1 2. 4 3 4 6 . 1 6 0 12 . 01 1 1.502 -3.172 7.374 2.2265.339 2 . 8 9 5 -3. 1 9 8 3. 7 8 4 3. 3 0 2 6 . 5 4 7 1.2771.177 -1.181 1 . 1 V -1.542 1 .6803.262 2. 4 5 7 - 5 0 0 1 .667 28.45 3 1.17 7 4.690 8.732 13.854 11.482 2. 3 7 5 CREDIT 19.127 8 77 5 .950 199 . 12 10 1 9.376 I . 349 1.376 38.086 1 .660 4.959 12.485 I9 . R H2 15.2*1 2.896 I . 745 31.416 1 . 8 IS 4.37 3 9 . 0 70 35.647 1.032 16.658 13.620 1 1 . 50? 2 . 095 12 .H Q 2 3.006 760 S . G O V E R N M E N T (1) PURLIC DEBT SECURITIES BUDGET AGFNCY ISSUES OTHER NONFTN. SFCTORS CORPORATE FQUITY SHARFS DEBT INSTRUMENTS DEBT CAPITAL INSTRUMENTS S T . * L O C A L G O V T . S FC . CORPORATE «- F G N . B O N O S MORTGAGES HOME MTGS. OTHER RESIDENTIAL COMMERCIAL FARM OTHFR PRIVATE C R F D TT BANK IOANS N.E.C. CONSUMFR CRFDIT O P FN-MARKFT PAPFR OTHFR RY BORROWING SF<"TOR-- fOR E fGN S T A T E •*-L '1C A L GOVTS. H O U S E H n i OS N O N F I N A N C I A L BIlSINFSS CORPORATE NONFARM NONCORPORATE E ARM MARKETS 1 4 7 . 5 36 151.083 21.723 31.608 13.448 22.178 24 . 2 I 3 3.197 1 . 1 94 4.880 8.686 3 .007 -874 2.770 3.644 909 - 3 56 2. 341 2.697 550 538 3.427 2.889 1.100 -108 3.525 3.633 799 504 2 .0 8 6 1.5H2 854 - 105 1 .868 1.973 6 7 8 9 4.981 31.282 2 9 . 4 74 - 1 .808 8. 8 6 6 4 7.499 47.723 224 35 - 3 . 5 74 -2.315 1.259 3. 0 4 7 12.373 14.066 1.693 -1.341 -8.390 -6. 115 2.275 1 .9 5 9 8. 1 8 5 9.221 1.036 2.226 12.642 9. 7 5 4 -2.888 2.137 18.845 16.614 -2.231 10 1I 12 I3 I4 I5 38.854 14.676 «?4 • 9 2 4 -741 4.H57 5 .598 68.708 4 0 . 7 74 30.42 1 -2.487 1.619 4. 1 0 6 7. 12 7 I.947 5. 2 9 3 - 1 13 612 725 5 . 2 42 885 5. 0 2 2 -665 5.412 6.077 7. 1 2 2 1.784 6.23 1 -893 -1.430 -537 9 . 5 79 3. 4 9 1 6. 0 2 4 64 716 652 11.108 4.733 6.186 189 2.165 1.976 I 1.050 4 .66 R 6.483 -101 3. 4 0 6 3.507 16 1 0 . 8 76 28.394 2.441 -82 1 I.964 2 .099 2. 5 9 7 4.216 6.515 7.230 9.485 5.164 FORFIGN 17 18 19 20 21 7 . 1 46 -992 - 3 . 8 16 10.554 - I .400 -4.517 3.663 1 .695 -6.887 2.988 15.141 2.619 1.818 9.872 -832 10.679 6.597 552 3.561 31 13.10 1 2.716 273 9. 0 9 8 -1.014 -947 1.733 -1 . 2 7 2 -2.007 -599 -5.109 -8.999 -2.019 5.835 -74 10 I 3.558 -798 -2.372 287 -9.074 -1.316 1.133 -8.925 -34 -4.142 776 929 -4.804 1 .043 7.027 506 227 7.387 1.093 1.672 3.697 -594 -545 886 PVT. D O M E S T I C N O N F I N A N C I A L BUSINESS STATE ♦ L OCA L GO VT., GEN. HOUSEHOLDS LESS-NET SECURITY CRFDIT 22 2.631 3.233 583 -1.231 1 .398 1.090 7 93 -650 -3.564 23 24 94.904 10.181 14 7 . 8 5 0 22.274 21.140 2.589 32.839 6. 2 9 2 12.050 938 21.088 -7.490 23.420 6. 8 4 0 38.346 9.893 24.265 5.138 4.316 TOTALS 36.488 -2.498 25 26 5. 3 6 3 28.438 7 .969 4 5 . 30 3 283 -4.457 2. 7 2 1 13.841 -1. 130 -10.030 2.273 6.803 1.985 12.248 2.235 19.417 2.530 3. 7 9 1 710 1 3. 6 9 6 FUNDS SUPPLIED 1 97..5 3 5 151.,083 2 3 4 5 6 7 68. . 1 9 6 61.. 0 5 0 6.. 1 2 9 5 4. . 9 2 1 38. . 4 4 9 16.. 4 7 2 88.,467 92.,984 13 . . 6 3 5 7 9 . ,3 4 9 39.,60 7 3 9 .. 7 4 2 8 9 10 I1 I2 7.. 1 4 6 -6.. 8 8 2 15..2 16 -2.. 5 8 8 - 1 .. 4 0 0 13 14 15 16 I7 18 19 21. 723 SOURCES 31.608 13.. 4 4 8 OF 22.178 24.213 37.696 20 . 7 0 I 444 903 2.40 1 I .4 9 8 TO 37 . . 6 9 6 4 1.446 986 -1.448 -1.135 3 13 66 7 - 703 1.314 2.017 2.284 3 73 -4 7 -420 1 .09 7 17.588 17. 73 1 14 3 2.10^ 7 . 4 30 7.658 228 I9.493 12.225 7.712 -444 65 ^ 1 . 09 7 15.532 9 .0 68 6.998 -534 -1.237 -703 18 . 7 4 6 11.441 7.885 -1.080 - I .762 -682 CREDIT 40.804 1.191 666 225 -44 1 48.132 263 611 2.366 1.755 T O T A L EIJNDS R A I D E D ADVANCED DIRECTLY BY-U.S. G O V E R N M E N T U . S . G . C R E D I T AG F N C I F S ,NF T FUNDS ADVANCED L E S S - F U N D S R A I S E D IN C R . M K T . 3.377 22.108 22.381 2 73 FEDERAL RESERVE SYSTFM C O M M E R C I A L B A N K S , N E T (2) FUNDS ADVANCED L E S S - F U N D S R A I S E D IN C R . M K T . 14 .93 7 PVT. N O N B A N K E 1NANC F 10 7. 5 4 0 S A V I N G S I N S T I T U T I O N S . N F T (3) 11 7.8? 6 INSURANCE 1? -429 FI N A N C E N. F. C. , NET 13 3.966 FUNDS ADVANCED 14 4.394 L F S S - F U N D S R A I S F D I N M K T S . 15 20,. 7 0 1 40,,8 0 4 41. . 4 4 6 T OT AL R O R R O W I N G BY 48.132 NONFINANCIAL SECTORS FINANCED D IRECTLY AND INDIRECTLY I3.534 14.481 3. 0 4 4 I 1 .437 7.296 4.141 17.975 23.084 1.817 21 . 2 6 7 16.857 4.410 30.. 3 1 1 30.. 2 1 0 12.. 0 0 6 18. . 2 0 4 1 1 .. 3 2 3 6 .. 8 8 I 12,. 2 1 2 21.. 2 8 6 -7,. 8 6 8 29.. 1 5 4 16.. 6 0 2 12.. 5 5 2 2 0 . ,6 6 4 24.,806 8., 0 2 0 16. , 7 8 6 5., 9 2 8 1 0., 8 5 8 - 4 . .5 17 - 1 3 .,095 15., 5 7 5 -4.,009 2., 9 8 8 15. 141 6. 4 0 7 7. 7 2 8 174 ■832 10.679 3.559 8.484 -1.333 31 1 3 ., 1 0 1 5., 2 8 6 7., 2 6 2 •461 -1.,014 -947 -6.932 6.203 - 8 17 -599 -5.109 -606 -5.225 648 -74 101 -4., 6 3 0 6.. 9 7 6 -1.. 9 5 8 287 -9. . 0 7 4 -8. . 6 2 8 1.. 7 6 7 -2.. 2 4 7 -34 - 4., 1 4 2 -4.,228 2., 9 0 4 - 1 ., 7 7 5 1 ., 0 4 3 7.. 0 2 7 1.. 3 4 5 6.. 1 5 7 618 1 .. 0 9 3 I . 672 - 1.584 4.747 -605 886 2.443 -8.433 1 0 . 8 76 23.364 -5.030 28.394 3.640 I. 1 9 9 2.441 -382 439 -82 1 1.987 23 1.964 517 -1.582 2.099 108 -2.489 2. 5 9 7 -169 -4.385 4.216 1. 7 4 4 -4.771 6.515 6.624 -606 7.230 10.669 1 . 184 9.485 4.327 -837 5. 1 6 4 2.631 3. 1 9 7 20.981 87 3.233 3.007 22.814 10.198 583 909 4. 7 8 2 221 1.398 1 .100 4. 7 5 4 -2.167 1.090 799 5.430 808 793 854 5.090 -607 -650 444 5.707 2.053 -3.564 1.191 6.400 2.718 4.316 986 5.810 2.404 I .278 567 5.112 I. 3 8 0 1 . 203 263 5.492 3.696 ESTIMATE BASED ON INCOMPLETE INFORMATION. 20 21 22 23 25 26 (1) (2) (3) I BY— PRIVATE OOMESTIC N O NFINANCIAL SECTORS: 22 . . 4 4 0 33.151 TOTAL 31.479 15,. 4 1 3 DEPOSITS 272 13.211 DEMAND DEP. ♦ CURRENCY 15.. 1 4 1 18.268 TIME AND SVGS. ACCOUNTS 7.. 6 0 1 9.476 AT C O M M E R C I A L R AN KS 7., 5 4 0 8.792 AT S A V I N G S I N S T I T . 6., 3 7 6 -6. 7 25 - 1 C . ,7 3 8 4., 0 1 3 2., 9 7 3 I., 0 4 0 I V / 71 IS P R E L I M I N A R Y 17 18 19 MARKETS 22.255 11.576 11.825 -249 -1.995 I. 7 4 6 -1.231 550 4. 7 6 1 5.655 16 1.278 1.203 MEMO: U . S . G O V T . C A S H BALANC E N E T O F ( H A N G E S IN U . S . G O V T . C A S H R A L A N C E S - 40.168 46.929 TOTAL FUNDS RAISED 11.382 BY U.S. G O V E R N M E N T 8.252 NET FUNDS ADVANCED BY-1 .281 3.448 F E D F R A L RF S E R V E S Y S T E M 6.992 20.824 COMMERCIAL RANKS 588 553 536 089 529 440 11. -3. 1. -5. -5. 10 I1 16 iy 2 3 4 5 I II . FLOWS I 21 . 7 2 3 2H.674 1 1 . 767 10.435 -414 QUARTERLY StCTOR 1 51 . 0 8 3 19.162 2 . 6 81 4.333 3.765 SUMMARY 1 1970 97.535 58.758 11.818 21.104 2 5 . 8 36 12.796 5.862 5.403 1 . 7 75 MARKET SECTORS C R E D I T MKT. I N S T R . , NET U.S. GOVT. SECURITIES P V T. C R E D I T MKT. INSTR. CORPORATE EQUITIES LESS SFCURITY DEBT OTHER SOURCES: FORFIGN FUNDS AT B A N K S DIRECT C H G . IN U . S . G O V T . C A S H U.S. GOVT. LOANS PVT. INSUR. AND PENSION SOURCES N.E.C. 2 3 4 5 6 7 fl 9 10 II 12 13 14 15 BAL . 16 RES. 17 18 19 Excludes sponsored credit agencies. See Part II, line 3. Includes unconsolidated bank affiliates. Includes open-end investment companies. 9 F E B R U A R Y 1972 N ET I N V E S T M E N T ♦ B O R R O W I N G NET PRIVATE UNADJUSTED YEAR 1970 QUARTERLY TOTALS 1971 DOMESTIC NET INVESTMENT AND BORROWING ( M I L L I O N S OF D O L L A R S ) IN CREDIT UNADJUSTED 1969 I d IV 1 I 1970 I II III 1 | IV + BORROWING 2 FLCWS 1 1 INVESTMENT MARKETS QUARTERLY FLOWS 1971 I II III IV 1 2 2 1 .95 1 2 165 .734 3 56 .217 2 4 9 . 50 5 176 .251 73 . 2 5 2 55.879 38.911 16.968 5 9,. 9 3 2 3 9 .. 6 8 1 2 0 .. 2 5 1 51.. 2 7 5 40..42 1 10.. 8 5 4 57 .. 8 5 4 41.. 2 0 9 16. . 6 4 5 54 . 3 3 1 41 . 795 12 . 5 3 6 58.. 4 9 1 42..3 0 9 16.. 1 8 2 56.. 2 5 9 43. . O i l 13.. 2 4 8 64.. 8 9 6 43.,668 2 1 .. 2 2 8 60 .195 4 4 . 38 2 15 . 8 1 3 TOTAL 6 8 ,. 1 5 5 45.,1 9 2 22..96 3 , HOU SE H OL D S AND BUSINESS T O T A L C A P I T A L O U T L A Y S (1) C A P I T A L C O N S U M P T I O N (2) NET PHYSICAL INVFSTMFNT 1 2 3 4 5 69 .864 - 13 . 6 4 7 101 . 4 6 6 -28 .214 16.618 350 2 4.. 6 8 3 -4,. 4 3 2 8.. 7 1 7 2., 1 3 7 24., 8 3 2 -8..187 13 . 7 2 9 -1 . 1 9 3 22.. 5 8 6 -6.. 404 12.. 3 0 0 948 3 2 ., 3 6 7 -11 .,139 25 . 728 - 9 ,. 9 1 5 3 1 .. 0 7 1 - 8., 1 0 8 NET FUNDS RAISED EXCESS NFT INVFSTMFNT 4 5 6 109.069 7 74.579 fl 34.490 118.897 81.171 37.726 27.385 17.451 9.934 27.188 17.851 9.337 25.521 18.181 7.340 29.270 18.507 10.763 26.981 18.776 8.205 27.297 19.115 8.182 28.410 19.566 8.844 32.977 20.003 12.974 27.497 20.509 6.988 30.013 21.093 8.920 TOTAL BUSINESS TOTAL CAPITAL OUTLAYS CAPITAL CONS U MP T IO N NFT PHYSICAL INVFSTMFNT 9 41 . 5 0 2 10 6. 7 6 9 1 1 -13.781 4 8,. 7 0 1 13,. 4 6 0 -24,.435 8,. 5 4 0 1.. 4 0 7 -13 11.213 2. 2 7 6 -4.152 6. 7 2 6 1. 5 7 9 -965 I5.805 1 .548 -6.590 7. 5 0 8 1.251 -554 I 1 .46 3 2.391 -5.672 9. 8 6 2 2.239 -3.257 I 5. 9 5 7 3.92 5 -6.90 8 12.40 7 4.251 - 9 . 6 70 10.47^ 3. 0 4 5 -4.600 NFT DFRT FUNDS RAISED CORP. EQUITY ISSUFS EXCFSS NFT INVFSTMFNT (3) 10 (3) I2 1 t 14 84.190 53.763 30.427 87.. 3 8 1 58 . . 9 5 9 28.. 4 2 2 2 1.,2 6 2 12.. 4 5 0 8., 8 1 2 21.769 12.753 9.016 19.502 13.031 6 . 4 71 22.344 13.322 9.022 20.66 I I3.556 7. 1 0 5 21.683 13.854 7.829 21.179 14.176 7.003 24.870 14.526 10.344 19.224 14.923 4. 3 0 1 22.108 15.334 6.774 CORPORATF RUSINFSS TOTAL CAPITAL OUTLAYS CAPITAL CONSU MP T IO N NFT PHYSICAL INVFSTMFNT 15 I6 I7 31.982 6. 7 6 9 -8.324 35.. 5 5 1 13.. 4 6 0 - 2 C ., 5 8 9 6.. 1 8 0 1 ., 4 0 7 1., 2 2 5 9. 3 2 4 2.276 -2.584 5. 2 4 9 I .579 -35 7 1 2 . 4 16 1. 548 -4.942 5.226 I. 2 5 1 628 9. 0 9 1 2. 3 9 1 -3.653 7.137 2 .2 3 9 -2.373 11.316 3.925 -4.89 7 8.64 1 4.251 -8.591 8 .457 3.04 5 -4.728 NET DFRT FUNDS RAISFD C O R P . FQIJITY I S S U F S FXCESS NFT INVFSTMFNT 18 19 20 II2.H82 9 1.155 ? 1 , 7 27 1 30., 6 0 8 95.. 0 8 2 35., 5 2 b 2 8 . ,4 9 4 21.,460 f ..0 3 4 32.744 21.830 10.91** 2 5 . 754 22.240 3.514 28.584 22.702 5 .8B2 27.350 23.019 4.331 3 1.194 23.194 8 .0 0 0 27. 8 4 9 23.445 4. 4 0 4 3 1.919 23.665 H .2 4 3 2 . 6 98 2 3.873 H .H 2 s ’fl . 1 4 2 24 .09 9 14.043 HOUSEHOLDS TOTAL CAPITAL OUTLAYS CAPITAL CO N SUMPTION NFT PHYSICAL INVFSTMFNT 21 22 21 . 5 9 3 1 34 39., 3 0 b - 3 . ,7 7 9 6. 6 / 1 36 3 1 1 . 194 -280 412 3. 1 0 2 7.47^ - 1 . 597 4.970 -639 8.732 -732 19 9 4. 2 0 5 12.485 -4.231 9 . 0 70 -245 17.55 1 - 3 . SOB 23 24 25 26 -2.800 4, U 4 G 2 .298 3 . 4 04 - 7 .,67 9 6., 4 1 6 2., 2 5 4 4 .,5 7 0 •4 7 8 642 709 5 10 -79 1 I .945 706 2 . 140 -369 2 .b I 7 500 - 154 -897 444 614 1 . 758 - 1.021 -157 631 92 -513 936 553 1.708 - 724 3.955 4 34 -540 -2.7^4 815 650 2 .9b? -2.134 496 709 -684 -2.28 7 1 . 1 50 46 I 2 .832 ( 3) NFT TUNDS RAISFD F X C F S S NFT IN V F S T M F N T C M OF WHICH : HOI J S F S L E S S H O M E MTC.S. DURABLES LESS CONS. CREDIT NONPROFIT PCF LFSS MTGS. I F S S - - U N Al I O C A T F D D F R T ( 1 ) C A P IT A L O U T L A Y S A R F T O T A L S F O R R E S I D E N T I A L A N D N O N R E S I D E N T I A L F I X E D C A P I T A L , N E T C H A N O F IN I N V E N T O R I E S , A N D C O N S U M E R D U R A B L E S , E X C F P T O U T L A Y S RY F I N A N C I A L RU S I NF SS . ( 2 ) C A P IT A L C O N S U M P T I O N I N C L U D E S A M O U N T S F OR C O N S U M F R D U R A B L E S AND EXCLUDES FINANCIAL RUSINFSS CAPITAL CONSUMPTION. ( 3 ) E X C E S S OF I V / 7 1 IS P R E L I M I N A R Y ESTIMATE BASED ON INCOMPLETE INFORMATION. NET INVf S TME N T O V E H NFT FUNDS RAISFD. 1I 9 FEBRUARY HOUSEHOLDS 197? HOUSEHOLDS 3 3 SECTOR UNADJUSTED YEAR 1970 QUARTERLY TOTALS 1971 S T A T E M E N T S OF S A V I N G A N D ( M I L L I O N S OF D O L L A R S ) FLOWS I I INVESTMENT UNADJUSTED 1969 III IV | I 1970 I HOUSEHOLDS, II PERSONAL III TRUSTS, IV | I QUARTERLY FLOWS 19 7 1 I AND N O N P R O F I T II III IV ORGANIZATIONS 1 803.,643 2 115..870 857.,015 115..817 191 . 3 56 29. 182 2 00. 721 26. 3 5 0 188.,639 2 7 . ,5 8 1 199.045 33.235 204.235 28.817 2 1 1..7 2 4 26.. 2 3 7 200..7 8 4 25,. 8 2 4 211.528 33.040 2 18.114 29.582 226,.5 8 9 2 7 ,. 3 7 1 PERSONAL INCOME LESS: PERSONAL TAXES+NONTAXES 1 2 3 6 8 7 .. 7 7 3 4 633..717 54.. 0 5 6 5 6 9.. 0 1 4 7 923 8.. 3 7 3 8 7 4 1 . .1 9 8 6 8 0 . .8 4 7 60.. 3 5 1 9.. 9 5 9 848 16.. 8 5 1 1 6 2 . . 1 74 1 4 9 . ,12 1 13., 0 5 3 1 .. 5 1 5 268 2., 6 5 5 174. 371 161. 3 17 13. 0 5 4 683 759 6. 4 0 6 161.,058 1 4 7 . ,8 5 7 1 3., 2 0 1 1., 3 4 8 646 46 165.810 157.578 8.232 4 . 1 14 66 3. 2 8 8 175.418 158.555 16.863 I . 5 79 41 1.208 185.. 4 8 7 169..7 2 7 15,. 7 6 0 1.. 9 7 3 170 3.. 8 3 1 1 74,. 9 6 0 1 57,. 6 5 0 17,. 3 1 0 I ,. 9 2 6 265 75 7 178.488 1 6 8 . 3 79 10.109 4.095 33 4. 5 9 9 18 8 . 5 3 2 171.143 17.389 1 .685 89 3. 7 9 8 1 9 9 ,. 2 1 8 = D I S P O S A B L E P E R S . I N C O M E 183,. 6 7 5 L E S S : P E R S O N A L O U T L A Y S 15,. 5 4 3 = P E R S O N A L S A V I N G , N I A R A S I S INSUR. 2,. 2 5 3 «- C R E D I T S F R O M G O V T . 46 1 ♦ C A P I T A L G A I N S D I V I D E N D S N ET D U R A B L E S IN C O N S U M P T I O N 7,. 6 9 7 3 4 5 6 7 8 9 10 11 72 ,. 1 6 6 9 1 ,. 1 5 5 163..521 88.,0 0 9 95..0 8 2 183..091 1 7., 4 9 1 2 1 ., 4 6 0 38.,951 20. 9 0 2 21. 8 3 0 42. 732 15., 2 4 1 2 2 . ,2 4 0 37..481 15.700 22.702 38.402 19.691 23.019 42.710 2 1.. 7 3 4 23.. 1 9 4 44.. 9 2 8 20., 2 5 8 2 3 ,. 4 4 5 43. , 7 0 3 18.836 23.665 42.501 22.961 2 3 . 8 73 46.834 2 5 , .9 5 4 24,. 0 9 9 50,. 0 5 3 I2 13 14 15 16 Ifc?,. 8 7 1 1 83 . . 1 6 9 1 1 2 . . 8 8 2 1 10.. 6 0 8 18.. 9 3 3 2 4 ., 7 1 6 8 8.. t> 2 4 1 0 0 . . 4 4 3 5,. 1 2 5 5..4 4 9 4 1 ., 9 1 6 2 8 . ,4 9 4 5., 5 6 7 2 1 . ,4 9 2 1., 4 3 5 35. 5 0 7 32. 7 4 4 5., 7 2 9 25. 5 7 3 1 .4 42 37.,22 3 25.,7 5 4 4., 9 1 4 19., 5 9 6 1., 2 4 4 3 3.333 28.584 3.942 2 3. 2 7 6 1 .366 47.930 2 7. 3 5 0 4. 4 6 8 21.490 L . 3 92 44,.38 7 31.. 1 9 4 5,. 6 0 9 2 4 .. 2 6 2 1 .. 3 2 3 44. . 2 0 4 27., 8 4 9 5., 2 6 7 21 ,. 3 6 6 1 ..2 1 6 39.142 11.919 5.059 25.417 1.443 S 2 .776 12.698 6.405 24.779 1.514 4 7,. 0 4 7 G R O S S I N V E S T M E N T 18 .. 1 4 2 C A P I T A L (-XPFND. ( NET OF S A L E S 7,. 9 8 5 RESIDENTIAL CONSTRUCTION 28..8 8 1 CONSUM E R mjHARLF GOODS N O N P P O H [ T PI A N T ♦ F QIJI P . 1 ,.2 7 6 12 13 14 15 16 17 1n P 10 I1 = NET SAVING + C A P I TAL C O N S U M P T I O N = GROSS SAVING I7 I8 49..991 70.. 6 1 7 52., 5 6 1 9 5 . . 7 19 1 3.,4 2 2 1 9., 0 2 5 2. 7 6 1 14. 52 1 1 1 .. 4 6 9 1 0 ., 7 6 4 4. 7 4 9 11.416 20.580 25.998 1 3., 1 9 3 22.. 4 3 9 16.. 3 5 5 17.. 1 5 2 7.221 20.68C 20 . 0 7 8 30.186 8 .. 9 0 S 27..7 2 1 19 20 4 7..4 9 4 4 ,. 7 0 4 69..419 10.. 4 0 4 1 5.,4 73 4 ., 8 1 6 9., 4 9 8 4. , 7 7 4 6., 3 4 9 - 4 .. 9 3 3 4.600 - 1.089 20.450 4.159 16.. 0 9 5 6.. 5 6 7 10., 5 6 3 - 4 .. 3 3 3 12.877 1 . 779 25.548 5. 5 S S 20,,431 7.. 4 0 3 HKPOSlT S ♦ SECURITIES( I ) OF M A N D D E P O S I T S ♦ C U R R F N C 19 20 2 1 2? ?3 12,.2 16 IS.. 1 6 4 lh.. 4 7 2 f-5 .. 9 0 2 26., 1 6 0 39.. 7 4 2 785 14S 440 1 . 163 ■583 1 . 746 2., 1 8 4 1 .. 1 4 4 1., 0 4 0 7.696 3.555 4.141 10.456 6.046 4.410 1 1 .,9 0 0 5.. 0 1 9 6., 8 8 I 23 . , 8 2 1 1 I .. 2 6 9 12.. 5 5 2 15 . 9 0 2 5 . 0 44 10.858 12.606 5.066. 7.540 >73 1 3,.‘ '♦,. 78 1 8 .. 7 9 ? SAVINGS ACCOUNTS A T C O M M F R C I AL R A N K S AT S A V I N G S I N S T I T U T I O N S 21 2? 23 ?4 25 26 2 7 2d 13.. 1 4 2 295 - 1 .. 4 8 2 12.. 1 79 2 .. 1 5 0 - 2 .. 8 78 -12..638 59 1 7.. 7 9 7 1 .. 3 70 9.,6 9 8 6., 0 1 9 6 12 2., 1 0 3 724 4 ., 8 9 4 3..1 1 4 555 1 . 739 596 9.,5 5 9 5.. 3 9 4 529 2., 8 8 3 753 -1.190 -3.617 -713 2. 6 5 6 484 5.18 7 2 .644 -1.424 3. 5 2 4 443 -414 - 4 .. 1 2 6 126 3., 1 1 6 470 - 6 ..6 7 8 -9.. 4 0 0 -2 2 .. 2 5 4 470 - 3.029 -4.65 1 -745 2.480 -113 6 .7^9 1.442 2 . 5 36 2.382 409 hQ -29 -1 .. 1 9 6 68 1 604 CR E D I T MKT. INSTRUMENTS U.S. GOVT. SFCURITfFS S TA TF AND L0CA1 n Rt_ I C>. C O R P O R A T F AND FGN. RONn MOR T G A G F S 24 2s 26 27 28 29 30 2..4 4 4 -S.. 0 3 2 7 Ob - 4 .. 7 1 5 1 ., 1 4 6 -9 7 2 1 .2 12 -2 .5 45 1., 1 1 5 - 1 ., 5 7 6 5 OC -1.317 24 7 - 2 . ,2 0 5 395 - 2 .,6 4 2 -I 1 - 1. 764 -2S0 86 8 5 72 -1 ., 1 7 7 I N V E S T M F N T CO. S M ARF S OTHER CORP. SHARPS 29 30 1I 12 4,.8 84 1 8 ,, 5 5 7 4., 9 4 8 20..7 8 6 1 ., 2 4 5 1 .,8 6 4 1. 2 2 1 3. 5 2 4 1 .. 2 1 2 4 .,9 9 6 1 ., 2 2 2 5., 3 9 6 1.214 6.472 LIFE INSURANCE RESERVFS PENSION FUND RESERVES 31 32 13 14 35 -2.. 2 9 8 -48 1 2.. 4 6 1 -2., 5 7 7 -41 3.. 2 0 4 - 1 .i0 8 1 •459 -15 663 279 662 -651 •332 587 -532 -441 6 14 -620 292 629 -495 -2 633 -1., 0 8 4 401 6 54 36 37 18 39 40 4 1 42 4 3 20. . 6 2 6 21 ..*59 3 12.. 4 9 6 1 .. 3 6 0 2 .. 9 9 2 1 ..341 842 2 .. 5 6 2 4 1.. 1 7 8 19.. 3 0 5 22. . 8 5 2 1 .. 4 4 8 8 .. 3 8 4 2 .. 0 5 1 3.. 0 1 5 1 ., 5 5 5 5. 6 0 3 6 .6 7 1 3., 8 2 4 324 2. 2 6 9 -2 t>6 ■509 1 .019 11. 7 5 8 1 1. 194 4. 2 6 5 328 2. 8 1 3 L .6 4 8 1 .381 759 -705 412 3., 0 0 5 332 - 1 ., 5 0 7 - 1.,2 6 4 -1., 0 0 6 8 52 6.667 7.479 2. 5 4 0 3 37 2.037 807 1.018 740 5 . 4 18 4 . 9 70 3. 1 7 0 343 1 . 443 -78 -481 5 73 9 .. 2 4 6 8., 7 3 2 3.. 7 8 1 3 48 1., 0 1 9 1 .,8 76 1.,31 I 397 797 199 3., 5 8 3 354 -1., 99 3 - 1 ., 2 0 5 -970 430 I3.457 12.485 5.380 359 2.694 1 .090 2.673 289 10.108 9.070 6.087 365 3.157 14S -1.142 458 18.. « 1 6 1 7.,55 I 7., 8 0 2 370 4 ., 5 2 6 2., 02 1 2., 4 5 4 378 44 45 46 -1.. 8 8 3 5 54 362 2., 9 4 7 588 338 - 1. 2 9 1 133 90 310 I 34 120 - 1 . 34t> 1 36 93 -1 . 0 4 0 137 91 2 18 140 90 285 141 88 367 144 87 741 146 85 806 148 84 1 ., 0 3 3 ISO 82 47 648 -2. 9 6 5 7. 2 2 5 258 5.069 -5.220 541 -501 3.359 -5.942 3., 0 0 6 -78 1 ., 2 2 4 3.,58 7 1 .225 5. 9 5 0 582 66 1.22 1 4. 024 -39 I -302 810 1.260 4. 0 9 ? -1.235 - 28 1 808 NET F I N A N . NFT ACU. 1 .,2 5 ? .826 133 14 1 932 INVESTMENT OF F I N A N . A S S E T S Nt- I I N V . IN N O N C O R P . S E C U R I TY C R E D I T MI S C F L I .ANE O U S RlJS. 33 34 35 N E T I N C R F A S F IN L I A R I l I T I E S C R E D I T MKT. I N S T R U M E N T S HOME MORTGAGES OTHFR MORTGAGES I N S T A L L M E N T CO NS. CR. OT H ER C O NS UM F R CR EDIT BANK LOANS N.E.C. OTHER LOANS SECURITY CRFOIT TRADE DERT MISCELLANEOUS 20 THROUGH 30. 48 49 50 51 18.933 9.237 12.496 -2.800 24.716 9.743 22.852 -7.879 5.567 2.221 3.824 -478 5.729 2.255 4.265 -791 4.914 2.278 3.005 -369 3.942 2.299 2.540 -897 4.468 2.319 3.170 -1.021 5.609 2.341 3.781 -513 5.267 2.408 3.583 -724 5.059 2.413 5.380 -2.734 6.405 2.452 6.087 -2. 1 34 7.985 2.470 7.80? -2. 2 8 7 MFMORANDA: NET PHYSI C A L I N V E S T M E N T : (A) R E S I D E N T I A L C O N S T R U C T I O N EXPENDITURES LESS: CAPITAL CONSUMPTION HOME MORTGAGES = N E T F Q U I T Y I N V E S TMF N T 5? 53 54 88.624 80.251 8.373 100.443 83.592 16.851 21.492 18.837 2.655 25.573 19.167 6.406 19.596 19.550 46 23.276 19.988 3.288 21.490 20.282 1.208 24.262 20.431 3.831 21.366 20.609 757 25.417 20.818 4.599 24.779 20.981 3.798 28.881 21.184 7.697 (R> C O N S U M E R D U R A B L E S EXPENDITURES LESS: CAPITAL CONSUMPTION = NET I N V E STMENT 55 56 4.331 4.040 10.435 6.416 2.013 642 4.461 1.945 -2.771 2.817 2.844 444 1.365 -157 2.895 936 -3.198 3.955 3. 7 8 4 815 3.302 496 6.547 1.150 57 58 59 60 5.325 1.667 1 .360 2.298 5.449 I .747 1.448 2.254 1.435 402 324 709 1.442 408 328 706 1. 2 4 4 412 332 500 1 .366 415 337 614 1. 39 2 418 343 631 1.323 422 348 553 1.216 428 354 434 1.44 3 434 359 650 1.514 440 365 709 (C) 1.276 445 370 46 I 61 62 14.418 7.859 13.513 8.142 15.250 8.048 13.127 7.486 14.621 8.196 16.697 4.964 14.109 9.613 12.392 8.496 12.861 9.893 15.619 5.663 13.562 9.223 12.079 7.80? 63 23.436 24.347 23.756 24.305 22.987 22.590 24.124 23.944 24.669 23.273 PER 24.609 C E N T OF 24.787 DISPO S A B L E INCOME GROSS SAVING 64 65 66 67 16.178 10.121 2.956 3.094 17.367 12.731 5.741 5.226 17.378 11.603 3.417 4.068 18.624 8.259 6.687 6.366 15.794 6.601 -432 252 16.815 6.715 3.921 4.399 15.448 14.684 3.060 2.807 16.625 11.959 4.927 4.653 15.720 9.682 449 1 12 17.478 11.324 7.369 6.836 17.181 15.861 5.311 4.766 18.888 13.727 9.317 8.691 CAPITAL EXPENDITURES A C O . OF F I N A N C I A L A S S E T S N E T I N C R . IN L I A B I L I T I E S C R E D I T MKT. B O R R O W I N G 68 697. 710 752.005 163.957 175.813 163.052 169.990 IV/71 IS P R E L I M I N A R Y ESTIMATE BASED ON INCOMPLETE LESS: = MET 44 45 46 47 DISCREPANCY ( I )LINE S 36 37 38 39 40 41 4? 43 CONSUMER CREDIT EQUITY INVESTMENT NONPROFIT PLANT ♦ EQUIPMENT FXPENDITURES LESS: CAPITAL CONSUMPTION NONPROFIT MORTGAGES - NET E Q UITY INVESTMENT PERCENT RATIOS: E F F E C T I V E TAX R A T E SAVING RATE, NIA RASIS 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 A D J . ( 2) : 63 64 65 66 67 177.038 1 87.630 177.151 182.616 190.306 2 0 1 . 9 3 2 ( 2 » 0 1SPOSABLE INCOME ADJ. 68 ( N I A D I S P O S A B L E I N C O M E «■ G O V T . I N S U R A N C E C R E D I T S «- C A P I T A L G A I N S D I V I D . ) INFORMATION. 9 F E B R U A R Y 1972 TOTAL + NONCORP BUSINESS TOTAL SECTOR UNADJUSTED YEAR 1970 QUARTERLY TOTALS 1971 S T A T E M E N T S OF S A V I N G A ND ( M I L L I O N S OF O O L L A R S ) + UNADJUSTED II QUARTERLY FLOWS 1971 1970 III NONEINANCIAL BUSINFSS 4 FLOWS I I NONCORP INVESTMENT IV BUSINFSS - II I III TOTAL 129.665 82.049 139.319 93.309 33.970 18.945 34.423 24.101 31.577 19.936 .611 .235 32.095 20.608 32.382 22.270 32.924 22.817 35.302 34.461 36.632 21.57922.324 26.589 80.202 109.069 106.259 94.830 989 10.440 2.810 80.821 118.897 116.790 100.943 2.432 13.415 2.107 16.053 27.385 26.321 22.966 696 2.659 1.064 23.414 27.188 26.855 24.861 -607 2.601 333 21.582 25.521 22.892 2 I. 7 9 1 2.629 .019 .270 .223 .510 653 .060 .047 17.340 26.981 27.792 23.922 1.358 2.512 -811 21.261 27.297 27.352 24.607 98 2.647 -55 23.176 28.410 24.928 22.905 -601 2.624 3.482 19.616 32.977 31.200 26.052 1.464 3.684 1.777 14.646 23.383 GROSS INVFSTMFNT 27.497 30.013 CAPITAL EXPENDITURES 30.10230.560 F[XFD INVESTMENT 24.66527.321 B U S I N F S S P L A N T «- F Q U I P M F N T 6 1.957-388 1-4 FAMILY RESIDENT. CONST 3.4*03.627 OTHFR RESIDENTIAL -2.605-547 C H A N G E IN I N V E N T O R I E S 10 - 2 8 . 8 6 7 21.224 50.091 6. 7 6 9 4 I.50 2 20.26 1 300 1 1 .680 2 .265 6.996 ■38. 076 23.404 61.480 13.460 48.701 18.339 1 .540 19.348 6.535 2 .939 -11.332 7.580 18.912 1 .407 8.540 2 . 788 440 2.689 5H4 2 . 0 39 -3.774 1 I.005 14.779 2.276 11.213 2. 5 4 4 -606 2.973 4.918 1. 3 8 4 -3.939 5. 5 4 4 9.483 1. 5 7 9 6. 7 2 6 J.276 -1.018 2.034 -819 3. 2 5 3 -9.251 6.550 15.801 1.548 I5.805 5.826 400 2.653 5. l<*2 1 . 734 -9.641 2 .984 12.625 1.251 7. 5 0 8 5. 3 6 0 964 3. 1 2 4 -2.583 64 3 -6.036 6. 1 4 6 12.182 2.39 1 11.463 5. 7 9 9 -46 3.869 475 1 . 366 -5.234 3 .88 1 9.115 2 . 2 39 9.862 5.757 -564 3.479 -1.953 3.143 I3.361 5. 3 4 2 I 8.703 3.925 15.957 5.663 1.078 4. 8 4 4 4.039 333 12.851 7.644 20.495 4.251 12.407 3.409 1.454 5.531 2.07? -149 -6.630 6.537 13.167 3. 04 5 10.475 3.420 -428 5.494 2.377 -388 4.305 -2.485 -2.308 1.627 9.597 -632 1.168 2 . 1 44 -3.696 4.175 -309 -1.827 155 -4.907 1.921 4 79 -1 . 6 5 8 2. 5 6 4 1.273 -444 01 1.847 12.488 11 12 20 21 122 - I .120 2.221 - 18 7 1.365 3.206 FARM 15,. 8 3 9 -5 6,.9 15 6..5 8 7 328 6..9 10 16,. 2 5 9 10 7,. 1 8 5 6,. 8 2 2 36 3 7 . 195 4. 1 52 4 39 1.687 1.606 81 2.126 4. 3 5 1 1.283 1.714 1.628 H6 2.907 4. 4 6 0 -594 I . 723 1.638 85 1.129 4.138 - 1.265 1 . 727 1 .644 83 462 7 8 9 10 I1 6..0 10 /.. 1 05 6 .. 1 6 2 6 14 329 7.. 10 5 9.. 5 1 4 8,. 3 0 6 508 610 2. 1 2 6 1.349 1 . 1 79 147 2 3 ? .997 1.557 1 . 347 I 50 60 1.129 I .940 1.715 152 73 12 13 14 15 16 17 -195 550 I 15 4 35 384 51 - 2.. 3 1 9 57 7 123 <♦54 384 70 777 128 20 108 100 8 1 .440 I 30 24 106 97 9 18 19 20 2 1 22 23 24 745 3., 2 3 5 1 .. 7 7 5 8 13 64 7 -52 699 2.. 8 9 6 3.. 8 0 4 1 .. 9 9 8 1 .. 0 4 5 761 66 695 -649 479 419 48 12 38 -26 1., 0 2 1 -1.,92 9 -234 -894 260 -2.,750 TAXFS 1 2 NET F I NANCIAL INVFSTMFNT F I N A N C I A L U S F S O F F U N D S , 'N E T F I N A N . S O U R C E S O F F U N D S , 1N F T CORRORATF SHARF ISSUFS C R E D I T MKT. I N S T R U M E N T S C.ORPORATF RO N D S HOME MORTGAGES OTHER MORTGAGFS HANK 1 HANS N.F.C. OTHFR LOANS TRADE OTHFR 3 4 5 7 8 9 10 11 1? 13 14 15 16 \7 18 19 DFBT I IARIL ITTFS DISCREPANCY BUSINESS 1 2 3 4 5 6 25 26 INCOMF BFFORF GROSS SAVING 3.634 556 I . 730 1 .649 8I 2. 286 3.607 1. 2 9 8 1.735 1.656 79 3.033 4. 2 30 366 1.815 1.722 0 } 2 . 1R 1 4. S H I .440 1 .830 1.731 QQ 3 . 2 70 N F T INCOMENFT S A V I NG C AP I TA L f O N S U M P T I O N NONfORPORATF CORPORATE C U R R F N T SIJRP. =- G R O S S 462 I .840 1.620 153 76 2. 2 8 6 1 . 702 1 .464 1 54 84 1.310 1 .949 I . 790 105 54 425 2.136 1 .888 1 16 132 2.1^1 2.331 I . 90? 140 104 3.270 3.00ft ?. 7 2 6 14 7 ?2 5 GROSS INVESTMENT C A P I T A L F X P F N D 1 TIJRPS PLANT AND FQUIPMFNT RESIDENTIAL CONSTRUCTION C H A N G E IN I N V E N T O R I E S 1o 11 -81 I 131 2 7 104 06 8 -1.387 140 30 I 10 96 14 1 .410 146 31 115 96 19 -639 I 39 29 110 96 14 -1.711 142 31 111 96 15 -1 50 I 31 31 100 06 4 18 I 165 32 133 06 37 NFT FINAN. IN VF ST MF NT N F T . IN C R . I N F I N A N . A S S E T S DF M A N D D F P . A N D C U R R E N C Y M IS C ELLANEOUS ASSFTS INSURANCE RECFIVARLFS F Q U I T Y IN S P O N . A G S .(21 12 13 14 15 16 17 -1.310 -251 257 - 2 72 -236 -182 -54 942 1.133 371 272 490 12 1 369 -1.273 -3 394 -259 -138 -114 -24 7 78 1 .376 554 345 477 71 406 1 . 8 53 1 .745 463 726 556 27 529 281 760 553 2 74 -67 1 -68 -294 -765 466 -657 -652 -618 346 -944 3.701 -446 I . 756 1.673 83 1.310 3.806 - 1 .359 1 . 784 1 .696 88 425 3.033 1.614 1.363 155 96 584 13 3 27 106 96 10 1.527 I .623 509 6 33 481 28 453 -45 I 482 501 167 -186 -87 -99 648 -744 -202 -731 (2) NONFARM NONCORPORATE 602 -494 SHARES -16 -77 428 -300 -205 -33 -172 SAVING I ? 3 4 5 6 7 R Q N F T I N C R E A S E IN L I A R I L I T I E S CREDIT MARKET INSTRUMENTS MORTGAGES BANK LOANS N.E.C. OTHFR LOANS •J. S . G O V T . F I C B + B K S FOR CO OPS 18 10 20 21 2? 23 24 TRADE DEBT PROPRIETOR NFT INVESTMENT FOR COOPS, AND LAND BANKS. 25 26 57 16 -536 45 IN F I C B ' S , B A N K S BUSINESS 1 60.650 62,. 0 5 0 14.964 14.833 14.925 15,. 1 5 5 15.264 15.306 15.333 15.. 4 9 2 15.599 15.626 2 3 13.901 13.632 15.. 0 2 7 14,. 7 0 3 3. 3 1 4 1.562 3. 3 8 4 6.712 3.427 4.288 3.. 4 5 8 2,. 8 5 8 3.490 2. 6 5 4 3.526 3.832 3.634 5.107 3.. 6 9 3 2.. 9 4 6 3.771 2.1 38 3.929 4.512 CAPITAL CURRENT 4 5 6 7 8 9 10 13.632 17.774 17.903 10.416 7.300 187 -129 14,. 7 0 3 22.. 0 0 2 21,. 1 8 6 11.. 2 1 6 9.. 0 0 8 962 816 1. 5 6 2 4. 7 7 4 4.547 2.598 1.674 275 227 6.712 3. 8 6 2 4.232 2. 7 7 4 1.837 -379 - 3 70 4.288 4.079 3.672 2.425 1.883 -636 40 7 2.. 8 5 8 5.. 0 7 7 4.. 8 9 4 2,. 6 6 7 I.. 9 7 7 250 183 2 .654 4.618 4. 7 3 3 2.578 1. 5 5 3 602 -115 3.832 4.000 4.604 2. 7 4 6 1. 8 8 7 -29 -604 5.107 5.282 4.240 2.591 2.002 -353 1.042 2.. 9 4 6 5,. 9 7 1 5.. 8 3 5 2.. 8 7 3 2., 2 8 8 674 136 2.138 5 .942 6.039 2.911 2.219 909 -97 4.512 4.807 5.072 2.841 2 .499 -268 -265 GROSS INVESTMENT CAPITAL EXPENDITURES FIXED CAPITAL PLANT ♦ EQUIPMENT MULTI-FAMILY RFSID. HOME CONSTRUCTION C H A N G E IN I N V E N T O R I E S 4 5 6 7 8 9 10 11 12 13 I4 I5 16 17 -4.142 I. 1 6 3 0 450 713 698 15 - 7 .. 2 9 9 1 .. 3 1 7 0 587 730 717 13 -3.212 43 0 -132 1 75 173 2 2.850 976 0 801 175 171 4 209 -137 0 -313 1 76 171 5 -2.. 2 1 9 304 0 123 181 175 6 -- 1 . 9 6 4 4 0 -174 178 176 2 -168 992 0 814 178 1 76 2 -175 -134 0 -316 182 178 4 -3.,025 347 0 163 184 178 6 -3.804 76 0 -106 182 180 2 -295 1.028 0 846 182 181 1 NET FINANCIAL INVEST. N E T A C Q U I S . OF F I N A N . A S S E T DEMAND DEP. + CURRENCY CONSUMER CREDIT M ISCE L LA N EO U S ASSETS INSURANCE RECEIVABLES E O U I T Y IN S P O N. AGS . 1I 12 13 14 15 16 17 18 19 20 21 22 23 5. 3 0 5 6. 2 8 5 4.892 150 4. 3 3 8 4 04 8.. 6 1 6 9.. 3 4 6 8.. 1 4 0 770 6.. 5 6 7 803 3.255 1.881 1.292 2 20 962 110 - 1.874 2. 1 4 0 719 -303 905 117 -346 344 329 -509 775 63 2., 5 2 3 1., 7 6 6 1., 2 8 1 200 1., 0 0 2 79 1.968 I. 8 0 0 1. 7 9 6 482 1.210 104 I .160 2.375 1 .486 -23 1.351 158 41 1.349 945 -282 1.099 128 3., 3 7 2 2., 8 9 6 2., 1 4 3 539 1.,41 1 1 93 3.880 3.006 2.933 727 1.95° 247 1 .323 2.095 2.119 -214 2.098 235 N F T I N C R E A S E IN L I A B I L I T I E S CREDIT MARKET INSTRUMENTS MORTGAGFS HOMF MORTGAGES MULTI-FAMILY COMMERCIAL 18 19 20 21 22 23 24 25 245 1. 1 4 8 376 830 505 84 542 879 -287 302 330 155 I 3 20 1 688 -191 595 594 159 3 59 -286 -386 362 26 27 -1.432 452 -82 -648 1.563 -189 -4.116 102 -696 6 545 212 57 111 -1.338 123 - I .168 -140 373 103 1.573 -699 -860 88 IV/71 IS P R E L I M I N A R Y ESTIMATE BASED ON INCOMPLETE INFORMATION. NFT INCOME CONSUMPTION SURP. = GROSS I SAVING BANK LOANS N.E.C. OTHER LOANS TRADE DEBT, NET P ROPRIETOR NET INVFSTMFNT 2 3 24 25 26 27 9 F E B R U A R Y 1S72 CORPORATE BUSINESS CORPORATE BUSINESS 5 SE C T O R UNADJUSTED YEAR 1970 QUARTERLY TOTALS 1971 57 . 7 0 2 2 7 .031 21 . 0 4 3 9,. 6 2 8 2 .642 -4,. 5 2 6 53 .763 61 . 5 0 7 9 10 11 12 1 3 14 INVESTMENT FLOWS UNADJUSTED I I II QUARTERLY FLOWS 1 2 3 4 5 6 7 8 197 I 1970 NONEINANCIAL 1 2 3 4 5 6 1 8 S T A T E M E N T S OF S A V I N G A ND ( M I L L I O N S OF DO LL AR S) III CORPORATE IV | II I II BUSINESS 30.520 2 C .969 14.052 2.931 - A . 531 58.959 71.411 7.710 4.895 2.993 558 - 744 12.450 15 . 2 5 7 8.239 6.056 2.432 695 -1.488 12.753 14.392 6. 3 8 9 5.018 2.274 703 - 1 .489 1 3.031 14.519 15.575 7.272 5.037 3.266 584 -1.257 13.322 15.915 14.310 6. 7 1 9 4.96 3 2.62 8 597 -1.113 13.556 15.668 14 6 6 1 .136 .651 .025 .460 758 -66 7 13 . 8 5 4 15 . 4 0 5 14.998 7.291 5.077 2.630 702 -1.108 14.176 16.400 17.251 8.291 4.839 4.12 1 808 -1 . 24 7 14.526 18.208 15 . 7 3 2 7 .183 4 .986 3 .563 628 -I . 1 0 9 14 . 9 2 3 18,. 0 0 5 17.560 7.755 6.067 3.738 793 -1.067 15 .334 I8.798 PROF I T S BE F O R E TAX - PROFITS TAX ACCRUALS - NET DIVIDENDS PAID = UNDISTRIBUTED PROFITS ♦ FGN. BRANCH PROFITS ♦ 1N V . V A L U A T I O N A D J . <■ C A P I T A L C O N S U M P T I O N A L L . = GROSS INTFRNAL FUNDS 59,. 6 6 0 84 . 1 90 81 ,. 5 8 0 7 8 ,. 2 5 2 3,. 3 2 8 2..6 1 0 58.923 87.381 86.700 81 . 3 3 1 5.369 12.365 21.262 20.448 13.705 2 1. 7 6 9 19.189 1 .259 814 20.740 386 643 16.165 19.502 17. 3 5 3 1 7.651 -298 2. 1 4 9 16.699 22.344 21.556 20.223 1.333 788 12 . 4 0 0 20.661 2 1 . 441 19.880 1.561 -780 14 . 3 9 6 21.. 6 8 3 21 . 2 3 0 20 .49 8 732 453 16.759 21.179 18.79 3 18.524 269 2.386 16.245 24.870 23.361 2 1.291 2.070 I .509 10 . 3 2 7 1 9 .2 24 21,. 9 3 1 19 . 7 6 2 2 . 169 -2, . 7 0 7 15.592 22.108 22.615 21.754 861 -507 G R O S S T N V F S T M F N T ( 1 0 4- 1 5 ) CAPITAL EXPFNDITURFS FIXFO INVESTMENT PLANT AND FQUIPMFNT R F S I D E N T I A L C O N S T R U C T ION CHANGE IN I N V E N T O R J F S 9 10 11 12 13 14 15 16 -24,. 530 19,. 5 1 1 -28.458 2 1.510 -8.897 7.409 -8.064 9. 8 9 9 -3.337 -5.645 6. 1 0 6 -8.261 2.84 7 -7,. 2 8 7 5 .008 -4.420 3.876 -8.625 4.853 -8,. 8 9 7 7.. 4 3 7 - 6 . SI 6 5. 3 4 4 NFT FINANCIAL INVESTMENT F I N A N C I A L tJS F S O F F U N D S , N F T 15 16 I 7 18 19 20 2 1 22 8,. 8 6 1 - 1 ,. 0 3 6 12.. 7 5 6 - 3,. 1 5 4 - 1 .. O H H 1 ,. 3 8 3 4.787 -1.318 - 1 .06 7 - 2 . 756 -1.219 3.128 596 6.918 4 .280 - I.060 240 1.736 1 . 722 809 -4.076 115 - 2 76 3.697 1 . 094 1 .52 7 - 1 . 8 79 1 . 597 1.358 -492 5 73 8. 0 6 3 - 1.440 - 7 . 190 -498 4,. 8 4 7 1 .373 3,. 0 5 1 44 1 -862 844 -18 3 -3.350 2.262 3 M -4 7 0 1.024 2. 3 6 2 2. 1 5 4 383 168 -2.052 1 .709 206 -257 280 34 2 658 -81 7 2.402 1.712 54 1 -236 -567 952 LIQUID ASSETS OF M AND DF P . A N D C UR R. T I M E OF P O S I T S U.S. GOVT. SECURITIES nPFN-MKT. PAPER STATE AMO LOCAL O R L I G . 17 1« 19 20 21 22 2 3 24 25 26 2 7 28 29 30 1 ,. 4 17 6 ,. 1 8 8 3 ,. 0 4 5 3.. 1 2 6 -1 94 1 .. 1 8 7 111 - 1 .. 1 8 5 -44 1.192 2 3 4.243 2.098 906 -23 -254 -215 296 - 1. 741 4 .4 4 9 2.033 1.336 -43 294 5 34 2.098 -223 1.317 17 298 17 - 1. 8 7 2 303 2.522 5 14 581 11 299 13 -390 2,. 3 2 1 - 2 ,. 8 8 I 72 1 -108 -179 296 61 651 -I . 9 0 5 2.651 3.313 1 .228 -96 299 2 1 .880 788 875 8 28 1 .44 1 63 297 5 -978 4 29 2,. 8 1 9 3.. 9 8 3 1 .. 1 0 * 90 298 q 2. 7 0 2 -902 1.14? 7S -101 298 7 2., 4 7 8 C O N SlJMF R C R E D I T TRADE C R E D I T MIS C ELLANEOUS ASSFTS F G N D I R E C T I N V E S T M F N T ( 1) FGN. CURRENCIES INSURANCE RFCFIVABLFS E Q . IN F F D . S P O N . A G . D TH F R 23 ?4 2^ 76 27 28 29 30 31 32 33 34 4 4 ., 0 4 1 38., 75 I 6 .. 7 6 9 3 1 .. 9 8 2 11.751 I 3 . 9 64 1 . 548 12.416 11.108 6 . 4 77 1.251 5.226 12.. 2 9 5 I 1 .. 4 8 2 2.. 3 9 I .091 8. 2 9 6 9 . 3 76 2.239 7. 1 3 7 13.47 8 15.241 3.925 11.316 16.,3 3 4 12.. 8 9 2 4 ., 2 5 1 8.,6 4 1 1 I . 860 11.502 3 .04 5 8.457 35 36 3 7 38 39 5.826 1.263 200 348 7 15 5. 3 6 0 I. 7 9 1 482 369 940 5.. 7 9 9 1., 9 4 3 -23 545 1., 4 2 1 5.757 1.416 -282 543 1 .155 5.663 3.316 539 1.040 1.737 3 .,4 9 9 3. 4 9 9 72 7 546 2., 2 2 6 3.420 2.519 -214 6 16 2.117 40 4 1 42 4 3 2.719 -1.381 952 4 7 1 ., 4 3 9 8 36 •68 1 49 3.06 3 - 1.363 795 ? 3 68 1 259 3. 4 6 6 62S -2.431 2.868 21 . 126 246 2.014 ‘ >.44 1 9 .266 6. 7 4 4 1./37 682 - 75 30 3 3.852 5 .550 5.367 -32 1 22 22 20 805 128 426 4 9 . 96 8 4'>. 0 1 I 1 1.4 60 1S . 5 b I 16. 106 17.963 11.600 2 . 2 76 9.324 8.887 2 0 . .2 6 1 5 .. 3 1 3 150 1 ., 5 2 4 3.,6 39 1 8 . 3 39 10.750 7 70 2 . 745 7.235 2.788 1 . 4 18 2 . 5 44 I . 391 -303 637 1.057 3.276 1 ., 2 0 7 2., ^ 6 2 2 .,3 4 6 5.114 -821 1.9/9 140 4.648 -466 1 .165 -804 1. 7 4 9 65 1 4.229 I .065 87 -2.751 650 123 53 5 33 217 507 92 -2.107 1.087 913 71 7.5 8 7 I .40 7 6 . 1 HO 220 2 12 986 6. 8 2 8 1.579 5. 2 4 9 3 16 - 50 9 262 563 44 45 46 - 3. 3 1 V 5., 4 7 7 3. 1 3 2 2. 5 5 6 - 2 15 8. 2 6 8 666 348 5.578 437 203 43 1.813 -3.941 951 7 77 31 4.320 280 388 163 262 1.522 -4.08 5 1.483 -952 -496 -315 1 . 181 934 1 . 327 80S 400 -847 4 7 48 44 1 .,8 4 7 711 3 1 . 221 12.488 8.690 28.053 2. 8 9 2 - 1.524 7.690 687 -4.672 7.135 -1 . 6 4 6 4. 4 0 6 6.780 -784 1.147 1 2 . 3 70 3.268 - I . 798 6.208 1 ., 0 0 9 -3.,044 5.,8 6 3 -359 6. 73 6 5.961 1 .963 1.371 10.352 7. 6 7 8 1. 8 8 5 5. 8 8 3 3.206 -1.302 5.857 50 51 52 46.,845 1 3 6 . 8 78 37. 9 8 7 46.566 L22.363 40.685 49.429 139.358 29.065 49.255 151.257 42.831 46.699 134.320 26.915 46.690 140.395 55.567 46.953 131.867 2 5. 2 94 47. 0 5 0 140. 7 52 41. 9 2 6 48.613 129.140 33.698 48.060 136.588 45.500 45. 658 1 0 6 . 7 70 44. 94 9 4 4 . 162 I 1 7.608 38.253 F I N A N . S O U R C E S OF F I J N D S , N F T N E T F U N D S R A I S E D IN MK TS. NFT NFW SHARF ISSUES DEBT INSTRUMENTS 31 3? 33 34 CO RP OR AT F B H N D S (1 ) MORTGAGES HOME MORTGAGES MULTI-FAMILY COMMERCIAL 35 36 37 38 39 RANK LOANS N.E.C. OPFN-MKT PAPER FINA N C F CO. LOAN S U.S.GOVT. LOANS 40 41 42 43 PROFIT TAX LIARILITY TRADE DEBT MISCELLANEOUS LIABILITIES DISCREPANCY MEM")- N F T T R A D E C R E D I T PROFITS TAX PAYMENTS PERCENT RATIOS: EFFECTIVE TAX RATE CAP. O U T L A Y S / I N T . F UNDS CR.MKT. BORROWING/CAP.EXP. 44 45 46 47 48 49 50 M 52 Line 35 excludes new issues sold abroad, and line 26 excludes direct investment financed by foreign security flotations. IV/71 IS PRELIMINARY ESTIMATE BASED ON INCOMPLETE INFORMATION. 9 F E B R U A R Y 1972 GOVERNMENTS GOVERNMENTS S EC T O R UNADJUSTED YEAR 1970 QUARTERLY TOTALS 1971 I I S T A T E M E N T S OF S A V I N G AN D ( M I L L I O N S OF D O L L A R S ) INVESTMENT UNADJUSTED FLOWS QUARTERLY FLOWS 1969 III IV I III 11 LOCAL IV GOVERNMENTS I I - GENERAL II IV III FUNDS 1 100.714 2 32.726 3 122.168 4 10.766 5 506 6 6.554 7 -6.048 112.956 38.905 135.427 13.371 3.063 7.039 -3.976 21 .2 9 1 6 . 861 28.804 2.141 -2.793 1 . 1 88 -3.981 26.108 7.378 28.086 2.206 3. 194 699 2.495 23.276 7.464 27.987 2.455 298 1.291 -993 25.982 8.494 30.263 2.576 1.637 2.369 -732 22.362 8.209 32.097 2.767 -4.293 1.422 -5.715 29.094 8.559 31.821 2.968 2.864 1.472 1.392 25.820 8.676 31.522 3.153 -179 1.708 -1.887 28.686 10.188 33.855 3.300 1.719 2.219 -500 25.496 9.738 35.01 I 3.394 -3.171 1.445 -4.616 32.,954 T A X R E C E I P T S GRAN T S RECD. 1 0 .,303 S O C . IN S. 35.,039 P U R C H . O F G O O D S ♦ S E R V I C E S 3.,5 24 N E T I N T E R E S T ♦ T R A N S F F R S P A I D 4.,6 94 N E T S U R P L U S , N I A B A S I S 1 .,6 67 L F S S - R E T I R E M F N T C R . T O H H . 3..027 E Q U A L S - G R O S S S A V I N G -6.284 6.468 11.142 1.213 9.929 -3.816 -4.023 -3.075 -948 412 -205 -204 -5.833 13.423 11.432 1. 4 5 1 9.981 1.695 -1.082 5 -1.087 205 2.572 2.558 14 296 -3.232 - I . 776 -3.330 -212 -3.118 1.818 I. 5 8 7 744 843 38 193 198 -5 -264 346 1.541 1.161 1.513 -352 552 205 -150 355 1 50 1 97 202 -137 1.903 1. 712 -2 1.714 273 168 100 68 45 60 61 -5 -172 -82 -1.962 I .520 3.025 8 11 2.214 -1.272 -1.436 -800 -636 1 70 -6 -5 -1 -233 -3.144 -733 1.609 - I . 139 2.748 -2.019 -1.810 -1.425 -385 63 -272 -272 0 -323 -1.041 3. 7 7 8 4. 7 9 6 1.54 3 3.253 -798 -945 -950 5 134 I3 12 1 -220 -1.516 4.564 3.234 16 3 3.071 I. 13 3 42 1 900 -479 36 676 674 2 1 97 -2.456 2.635 1 .676 I. 175 50 1 929 255 310 -55 55 619 616 3 30 -4.366 14 0 -15 -2.270 2.255 22 7 -439 -112 -3 27 77 589 585 4 -72 2 ..505 N E T F I N A N C I A L I N V E S T M E N T 6 .,084 NET ACQ.OF FIN A N . A S S E T S T O T A L O F P O S I T S «■ C U R R E N C Y 6 .,537 CURR. AND DEMAND DEPOSIT 2 .,383 4..1 54 TIMF DEPOSITS CREDIT MKT. INSTRUMENTS -594 ,319 U .S.GOVT.SECURITIES -1 . DIRECT - 1 .,0 93 -2 26 U . S . G . A G E N C Y SEC. 37 S T A T E ♦ L O C A L SE C. 688 OTHFR CR.MKT.INSTRUMENTS 683 C O R P ORATE BONDS HOME MORTGAGES 5 141 TAX RECEIVABLES 2.040 1.915 1.781 553 1.228 3.482 3. 3 5 6 3.307 1.252 2.055 49 125 126 4.819 4.690 4.640 I .510 3.130 50 12 9 6.080 5.950 5.857 1 .663 4. 19 4 93 130 5.091 4.959 4.915 1.264 3.651 134 2 .4 11 2.284 2.090 509 1.581 19 4 127 4. 5 0 6 4.373 4.345 1.019 3. 3 2 6 28 13 3 3.,5 7 9 3.,444 3..42 5 180 3.,245 1 135 -856 1.230 -2.571 2.433 -371 -250 522 10 1I 12 13 14 15 16 17 18 19 20 -I 21 -858 22 12.752 12.245 11.818 3.824 7.994 427 507 19.256 18.726 18.542 1 .456 1.341 1.275 4. 1 2 6 774 14.416 501 2 36 1.857 23 24 25 26 ?7 28 1 84 66 I. 195 1.074 956 3 73 583 11 8 530 115 121 -1 44 132 I .956 EMPLOYEE U.S. RbTIREMFNT N E T I N C R . IN L I A B I L I T I E S C RE O I T MKT. BO R R O W I N G STATE ♦ LOCAL OBLIG. SHORT-TERM OTHFR U.S.GOVT. LOANS T R A O F OF BT 01SCREPANCY FUNDS ARF IN INSURANCE SECTOR. GOVERNMENT 198.663 89.000 33.441 20.243 55.979 48.657 24.383 8 . 544 4.738 10.992 4 4 . I 16 21.033 9.053 4.947 9.083 47.397 21.709 7. 1 6 6 4.536 13.986 54.414 26.640 8.037 4.949 14.788 47.660 23.534 7.719 4.827 11.580 42.010 20.357 7.699 4.991 8.963 48.562 19.443 8 . 153 5.006 15.960 57.176 25 . 7 5 0 8.929 5.185 17.312 49.455 23.579 7.998 4.805 13.073 43.470 20.228 8 . 36 1 5.247 9.634 6 205.121 97.226 7 45.241 8 9 14.578 48.076 10 11 - 1 3 . 6 4 0 2.460 12 13 - 1 6 . 1 0 0 222.013 97.635 48.228 13.747 62.403 -23.350 2.920 -26.270 49.250 24.947 11. 1 53 3.287 9.863 -593 327 -920 48.193 25.516 9.214 3.496 9.967 -4.077 -16 -4.061 47.691 24.470 8.844 3.654 10.723 -294 57 -351 52.017 24.431 11.422 3.512 12.652 2.397 1.745 652 53. 169 23.403 14.071 3.712 11.983 -5.509 1 57 -5.666 52.244 24.922 10.904 3.700 12.718 -10.234 501 -10.735 51.940 23.719 10.565 3.605 14.051 -3.378 218 -3.596 55.147 24.040 12.375 3.258 15.474 2.029 1.876 15 3 58.320 24.195 15.216 3.460 15.449 -8.865 240 -9.105 56.606 25.681 10.072 3.424 17.429 -13.136 586 -13.722 TOTAL E X P ENDITURES, NIA BASIS G O O D S AND S E R V I C E S GRA N T S AND DONAT I O N S NET INTEREST INSURANCE BENEFITS NET SURPLUS, NIA BASIS L E S S - I N S U R A N C E C R E D I T S TO H H EQUALS-GROSS SAVING 14 - 1 5 . 2 1 2 643 15 2.535 16 3. 197 17 18 -100 335 19 20 2.962 -25.807 3.885 3.226 3.007 -7 -139 3.153 -863 2.642 628 909 -208 208 909 -4.354 689 -1.493 550 -250 232 568 -506 2.119 1.525 1 . 100 16 100 984 845 -3.939 1.340 799 -3 61 7 41 -5.974 1.986 436 854 28 86 740 -9.577 477 -766 444 -141 88 497 -3.933 -1.694 -3.400 1.191 -3 -24 1.218 -3.051 804 4.172 986 -4 43 947 -7.608 -11.215 2.66 7 2 . 10 8 1.348 1 . 1 06 567 26 3 0 0 16 -174 55 1 437 21 22 -2.763 -2.326 1.403 -3.751 584 521 1.237 395 328 -834 -5.451 -627 1.230 -534 1.130 -331 1.525 - 1 . 010 -2.975 -1.379 1.510 -1.075 1 .343 -287 NET FINAN. INVESTMENT N E T A C Q U I S . OF F I N A N . A S S E T D E M A N D D E P O S I T S «• C U R R E N C CREDIT MARKET INSTRUMENTS AGENCY SECURITIES MORTGAGES OTHER LOANS E X C E S S OF TAX A C C R U A L S OVER RECEIPTS OTHER FINANCIAL ASSETS 23 24 25 26 27 28 29 15.855 12.812 2 81 12.605 -74 2.460 583 29.692 25.507 2.493 23.383 -369 2.920 1.265 3.505 3. 1 72 -190 5.038 -1.676 327 6 5.043 5.061 14 5.414 -367 -16 -2 2.625 2.336 -227 2.683 -120 57 232 -4.784 -6.400 -48 -5.842 -510 1.745 -129 7.960 7.633 131 7.314 1 88 157 170 10.054 9.243 425 8.450 368 5 01 310 2.239 1.574 480 1.820 -726 218 447 3.855 1.818 676 1.199 -57 1.876 161 9.716 9.530 612 8.922 -4 240 -54 13.882 12.585 725 11.442 418 586 71 1 N E T I N C R E A S E IN L I A B I L I T I E S U.S. GOVT. SECURITIES SAVINGS BONOS D I R E C T EXC. SVGS. BOS. B U O G E T A G E N C Y SEC. LIFE+RETIREMENT RESERVES OTHER LIABILITIES 30 31 -888 33.384 -463 32.038 -57 7.960 293 7.816 15 5 6.838 -193 13.488 308 6.489 -1.158 6.569 337 6.628 3.204 11.904 -1.497 6.488 -2.507 7.018 CREOIT AGENCIES 70 I SPONSOREO 85 23 23 16 17 19 18 20 21 22 3.378 3.427 223 1.724 38 1.442 147 -54 1.349 3.908 3.525 924 1.549 119 933 108 369 456 2.093 2.086 -126 1.197 162 853 -91 453 491 2.193 1.868 -72 1.536 106 298 108 -99 289 2.601 2.401 997 1.079 86 239 17 3 -24 90 556 225 -10 471 160 -396 12 3 406 -925 -1.023 - 1 . 13 5 -681 1.345 233 -2.032 -112 529 -2.449 1.901 1.314 -1.028 1.990 18 6 166 -162 -68 396 3.257 2.889 2.889 0 368 -98 3.885 3.633 3.633 0 2 52 -7 2.110 1.582 1.582 0 528 34 2 . 188 1.973 1.973 0 215 14 2.595 1.498 1.498 0 1.097 12 515 -441 -441 0 956 -21 -1.042 313 313 0 -1.355 2 1.858 2.017 2.017 0 -159 -21 2 3 4 5 6 7 8 9 10 10.795 9.880 1.723 5.361 473 2.323 298 699 1.326 3.810 2.770 -1.745 5.783 733 - 2.001 -17 695 -2.679 2.497 2.341 -421 1.151 1 19 1.492 -9 -26 1.527 11 12 13 14 15 16 10.778 8.686 8.686 0 2.092 53 3.715 3.644 3.644 0 71 -10 2.591 2.697 2.697 0 -106 117 21 22 23 24 25 26 27 28 191.481 92.240 30.621 19.303 49.317 FEDERALLY 12 13 14 15 16 17 18 19 20 22 TOTAL REC F I P T S . NIA BASIS PERSONAL TAXES CORP. PROF I T S TAX ACCRUALS INDIRECT TAXES INSURANCE RECFIPTS DISCREPANCY MEMO- CORP. CURRENT (13-14) TAX RECEIPTS, NFT SURPLUS 2 . 3 7 6 N E T I N C R E A S E IN A S S E T S C R E D I T MKT. I N T R UMENTS 2.366 -26 U . S . G O V T . SEC. 1 .977 R E S I D E N T I A L M O R T G A G E S (1) 154 FARM MORTGAGES 26 1 OTHER LOANS 134 T O C O O P S (BC) TO FA R M E R S (FICB) -172 299 TO S «• L • S ( F H L B ) 2 . 3 8 4 N E T I N C R E A S E IN L I A B I L I T I F S 1.755 C R E O I T MKT. INSTR. 1.755 A G E N C Y S E C U R I T I E S (1) 0 U.S.GOVT. LOANS 629 MISCELLANEOUS LIABILITIES 30 D I S C R E P A N C Y THIS G ROUP C O N S I S T S OF FE D E R A L HOMF LOAN BANKS * FEDERAL NATIONAL MORTGAGE ASSOCIATION, FEDERAL INTERMEDIATE CREDIT BANKS, BANKS FOR COOPERATIVES, AND FEDERAL LANO BANKS. T H E S E A G E N C I E S A R E P R I V A T E L Y O W N E D A N D ARE E X C L U D E D F R O M U . S . G O V E R N M E N T B U O G E T A C C O U N T S AS OF 1 9 6 9 A N D F R O M U . S . G O V E R N M E N T F I G U R E S IN T H E S E A C C O U N T S F O R A L L Y E A R S . IV /71 IS P R E L I M I N A R Y ESTIMATE BASED ON INCOMPLETE INFORMATION. (I) All GNMA-guaranteed securities backed by mortgage pools are included in agency securities (line 13). The mortgage pools are included in residential mortgages (line 5). 9 F E B R U A R Y 1972 BANKING SYSTEM BANKING SECTOR UNADJUSTED YEAR 1970 QUARTERLY TOTALS 1971 S T A T E M E N T S OF SA V I N G AND ( M I L L I O N S OF DO LL AR S) FLOWS I I UNADJUSTED 1969 III IV 1 1 1970 I II III MONETARY | I IV 7 QUARTFRLY FLOWS 1971 I II II I IV AUTHORITIES 1 21 15 10 11 5 5 6 5 4 4 4 3 2 3 4 5 6 7 8 5.287 -1.368 701 821 152 4.981 4.988 8.338 -832 478 122 -296 8 .866 8.662 884 499 47 424 - 121 35 39 3.543 -368 65 I.544 - 745 3.04 7 3.020 -827 203 463 - 6 13 46 1 - 1. 3 4 1 -I . 3 6 9 1.057 -488 75 -265 -224 1 .959 1.929 2.252 -246 88 -249 433 2.226 2.261 2.805 -837 75 1 .948 -518 2.137 2.167 515 -235 12 1 -1.711 56 2.284 2.203 986 -315 150 - 1 55 1.097 1.173 ?. 2 5 7 -277 84 590 -248 2. 1 0 8 2. 1 0 9 4. 5 8 0 -5 123 1. 2 4 4 -159 3.377 3.177 9 10 11 5. 2 6 6 2.065 -292 8.323 3.678 436 874 895 454 3.532 382 608 -832 410 -40 I 1. 0 5 2 -504 171 2.246 1.947 I 70 2.800 2 I2 -232 51 1 1.782 183 982 -1.382 404 2.253 8 74 - 1 10 4.577 2.404 -41 I2 I3 14 I5 -382 - 31 3 .500 406 89 7 1 19 3.450 -257 -248 - 15 -54 - 158 326 -27 1.04 1 302 -21 1 85 -783 68 - 3 14 -52 1 . 4 79 272 241 -45 271 -338 -98 -19 2.533 404 -246 58 -972 -2^4 38 7 -32 1.685 -80 827 1 4 74 187 -71 92 2.263 - 70 COMMERCIAL 1. 3.529 1.073 I 2 3.63 7 796 CUMH1NEI) 9 46 265 STATEMENT E OR SYSTEM INVESTMENT CURRENT SURPLUS I N E T AC Q . OF F I N A N . A S S F T S GDLO AND FOREIGN EXCHANGE T R E A S U R Y CURR . ♦ SDR CTF S. F.R. FLO AT F . R . L O A N S TO D O M F S T I C B A N K C R E D I T MKT. I N S TRUMENTS U.S. GOVT. SECU R I T I E S NFT I N CREA SE IN L I A B I L I T I E S MEMBER BANK RFSFRVFS V AUL T CA S H OF COML. BANKS DFMAND DEPOSITS AND CURRENCY D UE TO U . S. G O V E R N M E N T DU E TO R F S T OF T HF W O R L D C URRENCY OUTSIDE BANKS OTHER 2 3 4 5 6 7 8 9 10 11 12 13 14 15 HANKS COMMERCIAL RANKS AND AFFILIATES 863 266 87 7 255 866 258 0 39 260 84 7 300 931 247 8 78 249 966 ^00 862 0 1 1.276 7.658 7.154 -269 - 1 .n 2 7 82 1 -6 3 22. 106 22 . 38 1 20.78 1 6. 3 6 7 5.373 86 1 133 N F T A C Q . O F ^ I N AN . A S S E T S TOTAL RANK CREDIT CREDIT MARKET INSTRUMENTS U.S. GOVT SECURITIES 0 IR F C T AGENCY ISSUES LOAN PARTIC. CTTS. 3 4 5 6 7 8 9 CURRENT PLANT + SURPLUS FQUTPMFNT 1 2 3 4 5 6 7 rt 4 7 . 9 58 2 9 . 4 74 28.147 H .9 86 5. 7 6 3 4. OH 7 - 8 64 56.338 47.724 48.059 5.725 2.590 4.480 -345 - 76 -2.315 - 9 46 -1.452 -60B 29 1 - 1 .035 13.308 14.066 12.448 2 .869 2.058 I .030 - 2 19 -1 . 6 0 9 -6.115 -4 . 7 -960 -1.2 7 7 71 3 -396 I0.269 9. 2 2 1 1 0 . 7 10 -2.188 -2.178 359 -369 I 3.269 9. 754 8.052 4.137 3.618 584 -65 16.029 16.614 14.171 7. 9 9 7 5.600 2.431 -34 3. 1 8 0 -47 2.089 -404 -925 8 86 -365 19.776 17.731 18.035 31 -83 1 912 -50 10 11 12 14 I4 14. 1 SO 10.114 6 71 92 1 1.445 23.559 14.322 7 49 5.242 4.266 8 15 - 166 -5 7 672 566 231 -532 -59 6 1I 2 I1 1.149 1 .04 I 0 - 79 18 7 3.167 2.550 220 2 49 1 58 4.457 3.453 0 4 34 5 70 4.377 3 .069 45 1 32 7 530 6.004 4.450 369 5 79 606 7. 1 0 9 3.907 370 I .828 1.004 4.84 7 I . 759 0 1.636 I .4 5? 5.599 3.206 0 1.189 1 .204 OTHER S E C U R I T I E S ♦ MTG. STATE AND LOCAL ORtIG CORPORATE BONDS HOME MORTGAGES OTHER MORTGAGES 10 11 12 13 14 15 L6 17 I8 19 6.011 1 .895 2.144 I .982 1.427 1 8 . 7 75 4. 7 9 2 I 4.697 286 - 3 46 - 39S 728 -815 - 3 12 -1.379 9.248 5 30 7.926 792 1.718 -4.975 -406 -3.92 9 -640 -1.429 9.731 1.185 7.627 9 19 - I .489 -542 I . 1 29 -2.648 97 7 1. 702 1 . 79 7 -13 1.084 726 2.444 - 3 . 5 11 -288 -2 . 9 6 8 -255 -2.136 10.895 1.711 9.225 -4 1 -304 2.576 1 . 774 1.167 -36 5 50 4 8.815 I .595 6.271 94 7 1 .600 OTHFR f R . EXC. SFCURIT Y CONSUMER CREDIT RANK LOANS N.F.C. HPFN-MARKFT papfp S E C IJR I T Y C R E D I T 15 16 17 18 19 20 2 1 22 97 1.774 6.614 409 4 . 1 14 4. L 92 89 1.349 80 I 83 990 -1.831 125 9 4 . 3 72 - 22 - 3 43 1.403 - 68 2. 1 I 7 1.466 23 24 2 5 26 35.923 7. 0 5 4 2 .844 4 . 2 10 54.612 13.150 2. 1 9 6 10.954 5 2.589 883 1 . 706 12.574 9. 7 2 7 -1.46 8 11.195 -1.695 -8.831 1 .640 -10.471 9. 1 9 0 3.301 1.382 1.919 2 7 28 29 36.740 15.155 21.585 4 0 . 7 75 8.685 32.090 -5.485 -3.538 - 1 . 947 -659 -813 154 4. 0 0 9 I .320 2.689 30 31 32 33 34 35 36 37 38 821 152 97 52 - 1.860 328 -7.461 -6.831 - 6 30 122 -296 309 600 -376 -27 3 55 -6.002 fc. 3 5 7 424 -121 89 3 1. 2 5 6 108 I . 142 1 .080 62 I .544 -745 83 -20 1.713 -32 963 -1.313 2.276 -613 461 125 51 2. 2 2 4 398 481 - 1.094 1.575 39 421 1.115 II. -137 7 52 AMOUNTS INCLUDED 536 IN PART 62 -20 -627 450 1 .965 812 -43 -978 3.066 -4 764 2.858 -94 2. 3 6 3 -2.544 13.191 I .935 394 1.541 15.237 10.649 -572 11.221 3.092 - 10.868 -3.418 -7.450 18.346 10.259 3 .892 6.367 11.8^8 199 438 -239 21.336 13.560 1.284 12.276 6 .4 40 1.893 4. 5 4 7 1 6 . 2 18 8.586 7.632 10.073 3.356 6 . 7 17 16.391 1 .449 14.942 6.690 1.00 3 5.687 8.005 4. 5 4 4 3.46 1 9. 6 8 9 1 .689 8 .000 -265 -224 -22 1 1.035 -258 -818 -722 -96 -249 433 -68 -6 -2.882 173 -2.363 -1.433 -930 1 .948 -518 62 6 -2.237 15 -4.761 -3.582 - I . 179 -1.711 56 450 237 -657 228 -1 . 0 3 4 -4.047 3.013 -1 55 -43 102 41 -435 1 .678 -1.359 3.037 590 -248 -4 6 I 167 112 2 . 956 978 1 . 978 1.244 - 159 -94 200 73 68 -3.245 - 1 .574 - 1.671 601 -245 596 -471 1[. ABOVE FOR HOLDING COMPANIES -801 AND 1 .228 9? l h a n s to VAULT MISC. CASH ♦ MFM.BK.RFS. ASSFTS a f f i l i a t f r a n k s N E T I N C R F A S E IN L I A B I L I T I E S DEMAND DEPOSITS, NFT U.S. G O V E R N M E N T OTHER 20 21 ?? 23 ?4 25 26 TIME DEPOSITS LARGE NFG. CD'S OTHER 27 28 29 F.R. FLOAT R O R R O W I N G AT F.R. R ANK S LOANS FROM AFFILIATES RANK SECURITY ISSUES COMMFRCIAL PAPFR ISSUES PR O F I T TAX L I A B I L I T I E S MISCELLANEOUS LIABILITIES LIAB. TO FGN. B R A N C H E S OTHER 30 31 32 33 34 35 36 37 38 DI S C R E P A N C Y 39 AFFILIATES 1 2 3 -967 - 1.064 97 225 -84 3 09 1.638 1. 5 4 9 89 231 148 83 3.008 2.88 3 125 1.203 1.225 - 22 -2.938 -2. 8 70 -68 -2.240 -2.302 62 352 -98 450 159 202 -43 -102 -98 -4 -184 -90 -94 NET A CQ U I S. OF F IN AN. ASS ET S B A N K L O A N S N . E . C . (1) LO A N S TO A F F I L I A T E BANK S I 2 3 4 5 6 -967 -1.860 893 225 -376 60 I 1 .638 1 .256 382 231 1.713 -1.482 3.008 2.224 784 1.203 1.035 168 -2.938 -2 . 8 8 2 -56 -2.240 -2.237 -3 352 -657 I . 009 159 41 118 -10? 167 -269 -184 73 -257 NET INCREASE IN L I A B I L I T I E S COMMERCIAL PAPFR ISSUES (D MISCELLANEOUS LIABILITIES 4 5 6 IV/71 IS PRELIMINARY ESTIMATE BASED ON INCOMPLETE INFORMATION. (I) Federal Reserve Bulletin, January 1972, page A-33. 9 F E B R U A R Y 1972 NONBANK FINANCE NONBANK SUMMARY SECTOR 8 UNADJUSTEO YEAR 1970 1 2 3 4 5 6 1.529 900 QUARTERLY TOTALS 19 7 1 S T A T E M E N T S OF S A V I N G A N D ( M I L L I O N S OF D O L L A R S ) UNADJUSTFD FLOWS I I 1969 III 2.924 990 51.412 76.361 1.311769 -100 o 121 718 1.301 I I IV 1970 I II III IV I I SUMMARY QUARTERLY FLOWS 1971 I II PRIVATE NONBANK FINANCIAL 298 19 9 -266 206 -249 217 465 224 662 228 651 231 614 240 906 243 8.693 14.969 1.121 0 258 7.118 -411 0 413 11.894 271 0 -24 14.097 202 0 -163 18.303 1.249 0 492 20.077 -146 50 694 18.945 -85 75 14 4 0 -210 INSTITUTIONS FINANCE INVESTMENT III IV - TOTAL 879 251 525 C U R R E N T SURPLUS 256 PHYSICAL INVESTMENT I 2 15.296 2 2 . 0 4 3 NF T A C Q U I S . OF F I N A N . A S S F T S -361.036 OEM. DEPOSITS + CURR. -84 T I M E D E P O S I T S ( M SB ) -69532 S V G S . ♦ L O A N S H A R E S (CR U) 3 4 5 6 7 8 9 10 I1 12 13 14 15 16 17 18 1 1 . 165 36.577 3.746 1.392 10.361 6.999 8.710 571 4. 79 8 -1.402 399 2.644 18.045 51.863 1.473 1.554 11.796 16.746 13.097 3.042 4. 15 5 2.889 379 994 2. 3 0 5 8 . 141 -436 375 I .085 1.822 1.755 1.171 2. 3 6 9 -1.290 1 12 -265 4.351 7.697 50 171 1.088 1.217 2.025 1.032 2.114 447 10 6 989 3.173 4.617 34 1 487 58 1 -165 1.589 -311 2.095 - 1.202 102 426 2.917 8.908 871 -58 3. 19 5 1.814 2.082 1.002 2 -818 100 540 883 1 2 ..5 90 1 . 331 496 3.. 0 5 6 2 .573 2 ..045 10 7 2 ,. ^82 82 10 0 403 4 .1 9 2 10 . 4 6 2 1 .203 467 3 .529 2 .777 2 .994 -227 -281 536 97 1.275 4.871 12.033 1.624 349 3.811 2.714 2.267 -689 1.957 477 97 2.001 5.596 13.501 -874 -11 3.444 5.052 3.479 1.122 1.289 695 95 -I . 0 7 6 3. 13 8 11.677 7 06 790 1 .6 2 2 4. 398 3. 6 0 0 1.205 -644 794 94 -294 4.440 14.652 I7 426 2.919 4.582 3.751 I .404 I .553 923 93 363 CORPORATF SHARES C R F D I T MKT. INSTR. U.S. GOVT. SECURITIES STATF ♦ LOCAL OBLIG. CORPORATF ♦ F G N . BONDS HOMF MORTGAGFS OTHER MORTGAGES CONSUMER CRFOIT OTHFR LOANS SECURITY CRFDIT TRADE CR F O I T MISCFLLANFOUS ASSFTS 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 51.642 17.190 20.981 3.798 2. 5 4 4 632 -547 1 . 16 9 -157 1.326 73.208 41.043 22.814 3.903 2.879 1.983 1.910 -2.889 -210 -2.679 9. 128 230 4. 782 2.720 329 -253 -52 1 3.165 I .6 3 8 1 . 527 15.108 2.004 4. 761 3.92 I 564 -286 I .470 2. 173 824 I. 349 7.601 1.453 4. 75 4 -124 180 -284 -2 .056 2. 0 3 6 1.580 456 12.227 4.117 5.430 2.632 511 290 1.561 2 70 -221 491 14 . 0 5 6 4,. 2 4 7 5,. 0 9 0 71 691 2 18 3 66 -I . 2 0 4 -I . 4 9 3 289 17 . 7 5 8 7 .373 5 . 707 1.219 1 .162 408 -418 67 -23 90 19.612 13.246 6.400 -262 993 413 204 -1.872 -947 -925 18.511 11.002 5.810 I .040 543 1.234 I .851 -2.588 -139 -2.449 14.740 7.471 5.112 229 943 271 -1.059 74 -322 396 20 . 34 5 9.324 5 .492 2.896 40 0 65 934 1 .497 1.198 299 N F T I N C R E A S E IN L I A B I L I T I E S TIMF ♦ SVGS. ACCO U N T S I N S U R A N C E A ND P E N S I O N RES. CRED I T MKT. INSTR. F I N A N C F CO. BON O S M T G . L O A N S IN P R O C E S S BANK LOANS N.F.C. OTHFR LOANS F I N A N C F CO. P A P F R FHLB LOANS 19 20 21 22 23 24 25 26 27 28 29 30 11 i? 2.444 I. 2 3 9 221 5.769 70 6 -520 -442 5. 7 04 I . 14 6 - I .83 7 184 1.903 1.212 2 . 120 -32 1 . 12 2 1.115 -1.525 234 1.694 500 -1.704 -324 1. 5 7 6 582 I .794 207 2 .065 247 2 .674 1 04 434 39 5 -1.498 279 1.052 -I I -730 -436 1.836 -250 98 37 2.043 5 72 1.610 -322 77 3 33 859 -1.219 534 -333 17 393 -125 -91 229 72 -I . 4 2 9 SAVINGS 574 AND LOAN I N V F S T M F N T C O. S H A R P S SECURITY CRFDIT TAXFS PAYABLE MI S C F L L A N F O U S L I A B I L I T I F S 29 30 31 32 33 0 1 SCRFPANCY i(VS SO C I AT I O N S CURRENT SURPLUS I 98 1 1.014 2 52 24 1 2 19 248 249 245 251 253 2 54 256 2 3 4 5 6 7 8 9 14.348 142 1 I .4 62 1. 1 54 7.245 3.043 20 2.744 30.220 516 29.338 5.220 16.995 7.064 59 36 6 1.579 -211 2.440 34 1.892 517 -3 -650 1 .943 362 1.227 -383 1.213 411 -14 354 1 . 164 -161 1.075 465 344 286 -20 250 3.643 73 2.671 313 1.689 648 21 899 4 .010 -194 3 . 72 6 3 96 2 .468 847 15 478 5 .531 424 3 .990 -20 2 .744 1.262 4 I .117 9.235 -103 8.006 4.152 2.707 1.161 -14 1.332 7.092 258 7.809 7 68 5.046 I. 9 6 4 31 -975 6.916 -53 7.537 484 4.848 2. 176 29 -568 6.977 414 5.986 -184 4.394 1.763 13 577 N E T A C Q . OF F I N A N . A S S F T S DEMAND DEPOSITS ♦ CURRFNC C R F O I T M K T . IN S T R . U.S. GOVT. SECURITIES HOME MORTGAGES OTHER MORTGAGES CONSUMER CRFDIT MISC. FINANCIAL TRANS. 2 3 4 5 6 7 8 9 10 1I 12 13 14 15 16 13.575 I 1.0 74 1.883 632 1 . 326 -75 602 29.078 28.181 -17 1.983 -2.679 679 855 I .584 -266 I .304 -253 1.527 30 534 1.381 935 1. 176 -286 1. 34 9 11 3 -728 I. 1 56 383 3 -284 456 -169 74 3 3.270 2. 761 7 76 290 49 1 -5 -239 4 .021 2 .920 47 1 218 289 -36 616 5 .128 5 .010 633 408 90 135 -518 9.203 9. 1 06 -683 413 -925 -171 752 6 . 788 7.46 3 -798 1.234 -2.449 41 7 132 6.904 5.330 780 271 3 96 11 3 773 6 . 18 3 6.282 684 65 299 320 -802 N E T I N C R E A S E IN L I A B I L I T I E S SAVINGS SHARES C R E D I T MKT. INSTR. M T G . L O A N S IN P R O C F S S BORROWING FROM FHLB BANK LOANS N.E.C. MISCELLANEOUS LIABILITIFS 10 11 12 13 14 15 16 17 18 208 37 -128 -2 . 1 38 257 1.914 -321 1.199 231 51 1 -125 1 44 260 283 219 -2.020 -51 -I . 1 3 6 242 1.058 -538 -40 MUTUAL I 218 229 SAVINGS BANKS -158 -90 1 DISCREPANCY MFMOFHLB LOANS CURRENT 1 LESS DEP. SURPLUS 17 18 I 53 56 48 52 55 58 57 57 57 885 -64 0 65 701 51 1 225 56 127 71 170 18 3 1.148 108 0 68 1.024 57 -2 432 2 79 207 55 -4 -52 1 .290 45 0 70 1.022 16 3 5 223 266 256 65 44 15 3 1.39 3 269 0 73 1.140 -77 0 548 333 321 65 -50 -89 3.586 -33 50 75 3.161 57 49 1.942 215 517 11 3 268 333 2 ,. 9 8 4 -81 75 75 2 ,.8 39 205 73 1 ..5 3 8 254 709 11 1 -51 76 1.846 -96 -8 78 1.596 183 20 267 327 713 32 54 276 2.034 257 4 78 I .779 61 10 497 456 775 19 -39 -84 NET ACQ. OF F I N A N C I A L ASSET DEM. DE P O S I T S ♦ CURR. TIME DEPOSITS CORPORATF SHARES C R E D I T MKT. INSTR. U.S. G O V T . SECURITIES S T A T E ♦ L O C A L G O V T . SE C . CORPORATE BONOS HOME MORTGAGES OTHER MORTGAGES CONSUMER CREDIT OTHER LOANS MISCELLANEOUS ASSETS 2 3 4 5 6 7 8 9 10 11 12 13 14 SAVINGS DEPOSITS MISCELLANEOUS LIABILITIES 15 16 17 63 2 3 4 5 6 7 8 9 10 11 12 13 14 4.,716 358 0 276 3..887 1 94 4 1 ,.4 28 9 34 911 2 56 160 19 5 10.450 47 121 306 9.375 506 152 4.244 1.252 2.714 275 2 32 601 480 -32 0 58 340 -206 -2 -66 268 247 15 84 114 410 79 0 62 519 -348 10 -29 359 420 40 67 -250 15 16 4..434 96 9.765 218 304 104 567 -211 709 120 868 245 1.094 129 1.763 -398 3.422 58 2 ,.6 81 209 1.553 174 2.109 -223 17 32 -238 -19 2 -8 17 -12 35 -48 -37 -62 -91 DISCREPANCY I 2 3 4 5 6 1.682 30 718 934 906 28 3.097 58 1.301 1.738 1. 6 9 1 47 19 2 -11 -210 413 408 5 502 -9 258 253 247 6 361 2 413 -54 -61 7 488 8 -24 504 497 7 233 10 -163 386 379 7 600 10 492 98 91 7 718 8 694 16 9 7 858 10 144 704 697 7 588 20 -69 637 620 17 933 20 53 2 38 1 365 16 N E T A C Q U I S . OF F I N A N . A S S E T OEM. DEPO S I T S ♦ CURR. SVGS. ♦ LOAN SHARES C R E D I T MKT. INSTR. CONSUMER CREDIT HOME MORTGAGES 1 2 3 4 5 6 7 1.682 3.097 192 5 02 361 488 233 600 718 858 588 933 CREDIT 7 IV/ 71 IS P R E L I M I N A R Y E S T I M A T E BASEO ON INCOMPLETE INFORMATION. UNION SHARES 9 FEBRUARY INSURANCE 1 972 + PENSION FUNDS INSURANCE Q 9 SECTOR UNADJUSTED YEAR 1970 QUARTERLY TOTALS 1971 I I S T A T E M E N T S OF SAV I N G AND ( M I L L I O N S OF D O L L A R S ) FLOWS UNADJUSTED 1969 III ♦ PENSION IV I I 1970 I II LIFE III INSURANCE IV | I FUNDS INVESTMENT QUARTERLY FLOWS ig7 i I II III IV COMPANIES 1 2 652 900 729 990 242 199 217 206 170 217 161 224 161 228 160 23 1 177 240 181 243 184 251 187 256 3 4 9. 32 5 -41 11.670 -47 2 . 2 83 42 2.577 352 2.534 -237 1.894 17 2.300 -39 2. 5 9 7 218 3.515 -193 2.279 -108 2.936 I 2.940 253 5 6 7 8 9 10 11 I2 1i I .984 6 . 8 12 -43 64 1 .537 - 1 . 3H3 3. 701 2.936 5 70 3.680 8.179 -174 191 4. 731 -2.055 3.050 2.436 -142 270 1. 7 9 8 -92 41 215 -267 732 I. 1 6 9 I 73 515 1. 1 6 3 11 -32 -103 - 4 76 1 . 170 593 547 560 2.020 11 22 448 -287 876 950 191 573 1 . 390 -116 -2 1 432 - 3 16 865 546 -86 134 2.075 125 43 150 -381 756 1 . 382 130 717 1.327 -6 3 20 507 -399 1 .204 58 335 1.123 2.348 -135 29 1.157 -320 491 1.126 23 7 848 1.604 -150 77 998 -537 556 660 -65 797 2.161 43 72 I .203 -624 888 579 -23 91 2 2.066 68 I3 1.373 -574 1.115 71 -79 1 I4 15 16 I7 9. 3 2 6 4. 8 0 5 3.050 1 . 359 10.613 4.H7 L 4. L9 i 1.619 2.318 1.223 729 279 2. 3 2 0 1. 2 0 8 742 395 2.325 1.205 750 197 2.334 1 .205 757 570 2.337 1.202 766 270 2.330 1.193 77 7 322 3.025 1 . 202 1.475 165 2. 3 8 6 1 . 195 850 575 2.732 1.241 1.050 361 2.470 1.233 81 8 51 H 18 -247 78 -246 -256 377 -30 -338 -553 45 - 2 71 -539 -1.318 PRIVATt PtNSION CURRENT SURPLUS PHYSICAL INVESTMENT I 2 NET A C QU I S . OF FI NA N. A S SF T S D E M . D E P O S I T S *■ C U R R . 3 4 CORPORATF SHARFS C R E D I T MKT. INSTRUMENTS U.S. GOVT. SECURITIES STATF AND LOCAL ORLIG. CORPORATF RONDS HOME MORTGAGES OTHFR MORTGAGES OTHFR LOANS M ISCELLANEOUS ASSFTS 5 6 7 8 9 10 U 12 13 INCREASE IN L I A R I L I T I F S LIFF INSURANCF RESFRVFS P ENSION FUND RFSFRVFS OTHFR LIARILITIES 14 IS 16 17 NFT DISCREPANCY lfl FUNDS 1 7 6. 572 1 56 6.711 -54 1.642 -75 2.112 103 1. 5 0 8 74 099 -71 1. 7 0 0 1 89 2.265 -36 2.015 1 86 1 .546 -325 1 .376 I 10 1.774 -25 N F T A C Q . OF F I N A N . A S S F T S DEM. DEPOSITS ♦ CURR. 1 7 } 4 5 6 7 8 4.626 2.015 i9 7 1. 599 19 -225 9.04 7 -2.071 45 -1.506 - 6 10 -2 I 1 1 . 1 16 78 7 198 525 64 -186 1.611 190 -40 150 80 206 1 .294 30 5 -68 319 54 -165 959 223 45 172 6 -12 675 948 499 482 -33 -112 1.698 539 -79 626 -8 64 2.391 -570 188 -615 -143 8 2. 9 0 8 -836 -362 -273 -201 -201 1.737 -4 3 9 1 49 -418 -170 -32 P -011 -776 70 -200 -96 14 CORPORATF SHARES C R E D I T MKT. I N S T R U M E N T S U.S. GOVT. SE C U R I T I E S CORPORATF RONDS MORTGAGES MISCFLLANFOUS 3 4 5 6 7 A STATF +■ L O C A L I 2 6. 5 5 4 I 68 7.039 133 I . 188 I 699 4 3 4 5 6 7 8 9 10 11 12 2.137 4.087 -323 - 355 32 -332 6.879 3 .H 5 7 885 162 3. 2 9 1 3.464 -523 -391 -132 -149 7.427 3.905 231 151 385 790 8 -89 97 -12 1.179 577 217 12 52 1 138 -192 -206 14 -126 977 470 -14 36 GOVT. tMPLOYtt KtTIKtMfcNT FUNDS 1.29 1 -105 2. 3 6 9 141 1.422 -55 1.472 187 1. 7 0 8 0 2.219 134 1 .445 -71 1.667 20 NET ACQ .OF FIN AN. ASSF TS DEMAND D F P . AND CURRENCY 1 2 474 877 -19 -45 26 -23 1.393 653 266 45 561 1.628 -108 -125 17 -149 2.446 1.506 319 39 380 1 .059 -7 0 -7 -44 1.490 970 140 38 722 523 -189 -185 -4 -116 1.550 668 160 40 692 979 -2 94 -140 -154 -20 1.985 1.211 82 37 765 1.281 -256 -88 - 168 -40 2. 3 4 2 I. 3 4 2 235 39 958 471 19 -190 209 -64 1.474 702 -186 37 876 733 8 27 -19 -25 1 .626 650 LOO 38 CORPORATF SHARFS CR F D I T MKT. INSTRU M E N T S U.S.GOVT.SFCURITTFS DIRECT U . S . G . A G E N C Y SFC. STATF + LOCAL OBLIGATION O T H F R CR . M K T . I N S T R U M E N T S CORPORATE BONDS MORTGAGES OTHFR 3 4 5 is 7 R 9 10 11 12 OTHER INSURANCE COMPANIES 1 498 1.081 4 -14 -25 55 196 272 264 26 I 276 280 2 3 3.691 29 5.240 30 243 - 16 978 -10 805 2 800 10 1.026 II 1.060 6 .029 10 1.243 6 I .415 8 1 .553 6 4 5 6 7 8 9 10 966 2.297 36 1.066 1. 1 7 0 25 3 99 2.568 2.263 -311 1.224 I .323 27 379 75 72 -440 326 185 1 1 12 332 550 47 301 199 3 106 339 36 2 -135 283 209 5 102 287 403 -87 272 211 7 100 17 898 236 261 394 7 100 323 634 22 250 356 6 97 375 547 -138 309 369 7 97 749 393 -169 273 283 6 95 745 5 68 -82 300 343 7 94 699 755 78 342 328 7 93 11 12 3. 7 4 8 555 4.227 68 361 122 959 -33 938 108 878 133 968 138 964 176 993 228 1 .046 64 1 .078 -61 1. 1 1 0 -163 IV/71 IS P R E L I M I N A R Y ESTIMATE B A S E D ON INCOMPLETE INFORMATION. CURRENT NET SURPLUS I A C Q . OF F I N A N . DEMAND OFPOSITS ASSETS ♦ CURRFNC CORPORATF SHARES C R E D I T MKT. INSTRUMENTS U.S. GOVT. SECURITIES STATE AND LOCAL OBLIG. C OR P ORATF BONDS COMMERCIAL MORTGAGES TRADE CRFDIT NET INC REAS E DISCRFPANCY IN LIABILITIES 2 3 4 5 6 7 R 9 10 11 12 9 F E B R U A R Y 1972 FINANCE N.E.C. FINANCE 0 INADJUSTED YEAR 1970 -820 I QUARTERLY TOTALS 1971 10 UNADJUSTED FLOWS 1969 1 I -129 III IV -253 -766 1970 1 1 II I -681 N.E.C. S T A T E M E N T S OF S A V I N G A N D I N V E S T M E N T ( M I L L I O N S OF D O L L A R S > SECTOR IV III -51 1 1 1 QUARTERLY FLOWS 1971 I II III IV -89 -136 1 54 10 8 -255 CURRENT SURPLUS OF GROUP I FINANCfc C O M P A N I E S I 2 3 4 5 1. 88 7 293 141 - 6 11 2.064 4.217 276 1.062 1.017 1.862 1 . 378 73 -148 751 70 2 2 .517 73 27 759 1.658 -8 73 -351 -301 5 71 1.701 75 145 429 1 .0 5 2 -325 74 245 -352 -292 5 19 71 10 2 -387 73 3 524 70 233 -797 1.018 1 . 744 70 469 283 922 -560 68 -10 524 -1L. 142 ? .509 68 370 I .007 1 .064 N F T A C Q . OF F I N A N . A S S E T S DEMAND DFP.+ CURRFNCY HOME MORTGAGES CONSUMER CREDIT O T H E R L O A N S I TO R U S . > I 2 3 4 5 6 7 8 9 I .9 15 2. 54 4 -472 -157 3.920 2.879 1 . 25 1 -210 1. 4 16 329 -551 1 .638 2 . 745 564 1.357 824 -127 18 0 - 1.887 1.580 1 .856 511 I .566 -221 -400 691 402 -1.493 586 1 . 162 -553 -23 421 993 375 -947 1 .838 543 1.434 -139 -55 1 943 -1L . 172 -322 2.212 400 614 1 .198 N F T I N C R E A S E IN L I A B I L I T I E S C O R P ORATE BONDS BANK LOANS N.E.C. OPEN MARKET PAPER 6 7 8 9 N E T A C Q . OF F I N A N . A S S F T S DEM AND DEP. ♦ C U R R F N C Y C OR P O H A T F E O U I T Y S H A R E S CRED I T MKT. INSTR. U.S.GOVT. SFCURITIES S T A T F + L O C A L T.OVT. SF C. C O R P ORATE+FGN. BONDS SECURITY CREDIT 1 2 3 4 5 6 7 8 S t L U K I TY BROKERS AND DEALERS 1 2 3 4 5 6 7 H 998 45 67 2.288 1.668 5*54 66 -1.402 -900 6 -I .1 5 5 -2.640 - I .599 II3 -1 . 15 4 2.889 -1.876 64 -205 -445 -254 14 -205 -1.290 2 .035 61 32 7 1.200 863 I1 326 44 7 -1.651 52 -561 60 425 19 6 -561 - 1.202 -1 .778 -3 373 - 1 . 330 -I . 5 3 5 -167 372 -818 1. 7 6 4 -3 38 I .647 I .387 222 38 82 2.663 -1 217 1.91 1 1.391 303 217 536 -1.534 0 -256 - I .7 5 5 -1.474 -25 -256 477 -823 I -336 -1.183 -447 -40 1 -335 695 6 2 -827 37 407 4S7 -827 79 4 I .45 I 9 I0 I1 12 1 . 21 9 1.807 0 -568 -520 -480 0 -40 -1.837 -1.279 0 -558 2 . 12 0 I .874 0 246 -1.525 -1.127 0 -398 -I . 7 0 4 - 1 .229 ( -475 I . 794 1.545 0 249 2.674 2.618 0 56 -1.498 -2.061 0 563 -730 -336 0 -394 98 472 0 -374 1.610 1 . 44 5 0 165 -I 1 OPEN-END I -834 -759 INVESTMENT -67 -439 -22 -1 -317 -4 133 ?7 587 -608 -255 -11 1 -242 -350 37 -180 35 ? -135 -400 506 43 6 457 395 -11 -250 57? -705 -626 -45 -19 - 1 44 -242 489 -5 455 -145 563 90 10 3 50 153 92 1.002 -508 - 199 -713 404 96 504 2 .087 9 -I .5 9 2 -431 904 - I . 741 442 -389 28 605 - 1.022 47 1 -410 42 3 -455 1.115 500 582 247 OF FOREIGN 2 3 1.610 - 10 -53 1 14 916 -9 4 5 6 7 a 1 . 109 511 175 698 -362 308 -475 -350 250 -375 606 319 51 - 146 414 98 1 -466 -335 73 -204 9 2 .444 70 6 I. 146 I.212 AGtNCIES NET I N C R . IN L I A B .- S F C . C R FROM RANKS F R O M AG. OF F G N . B A N K S CUSTHMFR CREDIT BALANCES 9 10 11 1? COMPANIES -230 507 -8 ?64 261 -85 82 ?6 4 9? 3 79 7 1.848 CURRFNT SURPLUS NFT ACQ. OF T I NAN. ASSFTS D E M . D E P O S I T S «- C U R R . CORPORATF SHARES C R E D I T MKT. INSTR. U.S.GnvT. SFCURITIES CORPORATF BONDS C O M MERCIAL PAPFR NFT SHARE ISSIJFS 1 ? 3 4 5 IS 7 8 Q BANKS 4 535 107 428 0 -I . 6 8 5 -337 -1.348 0 323 65 258 0 523 105 418 0 -253 -51 -202 0 250 50 200 0 323 65 258 0 215 43 172 0 -975 -195 -780 0 -267 -53 -214 0 -395 -79 -316 0 -48 -10 -38 0 N F T A C Q U I S . OF F I N A N . A S S E T S DEM. D E P O S I T S ♦ CURR. U.S. GOVT. SECURITIES SECURITY CREDIT 4 5 535 -1.685 323 523 -253 250 323 215 -975 -267 -395 -48 DEPOSIT 5 I 2 3 IV/71 IS P R E L I M I N A R Y ESTIMATE BASED ON INCOMPLETE INFORMATION. LIABILITIES 1 2 3 9 F E B R U A R Y 1972 R E S T OF THE WO RL D REST 11 SECTOR UNADJUSTED YEAK 1970 OUARTERLY TOTALS 1971 OF THE FLOWS I i WORLD S T A T E M E N T S OF S A V I N G AND ( M I L L I O N S OF D O L L A R S ) INVESTMENT UNADJUSTFD 1969 III IV | I 1970 I II III REST OF THfc I I IV 11 OUARTFRLY FLOWS 1971 I II III IV WORLD 1 2 3 4 5 3. 5 9 2 62.903 59.311 3.148 -444 690 65. 5 36 64.846 3.40 8 2.718 -506 13.866 14. 372 656 1 .162 1.279 15.310 14.031 712 -567 1.234 15.035 13. 8 0 1 769 -465 1.300 16.320 15.020 813 -487 -291 15.231 15.522 768 1 .059 1.349 16.317 14.968 798 -55 1 1.580 16.146 14.566 782 -798 293 17.246 16.953 897 604 -1.389 16.337 17.726 892 2.281 206 15.R0 7 15.601 837 6 31 6 7 8 9 10 636 5.. 1 9 6 8 03 276 - 1 ..8 7 8 13.389 21.697 1.334 65 907 1 .889 3. 7 9 4 - 11 23 96 -493 - I 10 -695 327 1 .425 -268 1.315 -97 50 I .067 158 1.385 -23 18 -878 1 . 370 2 .137 361 -2 59 -797 -624 359 562 46 7 -1 . 2 7 0 356 2.272 234 -363 -361 3.059 6. 0 4 8 652 103 650 7.415 9.486 450 -193 399 2 .559 3 .891 -2 518 219 NET FINANCIAL INVESTMFNT N E T A C Q U I S . OF F I N A N . A S S E T GOLD ♦ SDR'S U . S . D E M . D E P . «• C U R R E N C Y TIME DEPOSITS 11 12 13 14 15 702 10.. 2 6 0 9.. 1 12 661 487 224 28.255 28.207 207 -159 169 2.272 1.852 2 418 492 -1.299 - I . ',96 221 -24 -85 2.057 I .748 227 82 -87 2.182 1.655 201 326 387 2 .274 2 .553 140 -419 48 7 3 . 747 3.156 93 498 79 6.309 6.371 163 -225 -3 7.311 6.735 -118 694 231 9.361 8.701 152 508 -83 5 .274 6 .400 10 -I . 1 3 6 IJ. S . C O R P O R A T F S H A R P S CREDIT MKT. INSTRUMENTS U.S. GOVT. SFCURIT1FS U.S. CORPORATF RONDS(l) ACCEPTANCES 16 17 18 19 -85 1 .3 60 5 35 8 77 L -134 -1.685 -401 -99 277 323 152 -33 296 523 270 -66 165 -253 459 -34 404 250 103 -43 260 323 216 58 531 215 99 162 -165 -975 92 -92 -65 -267 -16 -87 157 -395 -319 18 -61 -48 -158 20 2 I -6..831 -823 -6.002 -867 1 .080 -488 -1.313 -103 -1.094 -888 -722 172 -I . 4 3 3 848 -3 .582 -955 -4.047 1.307 - 1 . 359 -866 978 - 1.096 - 1. 574 -212 SECURITY CREDIT TRADF CRFDIT D E P . AT AG. OF F G N . R A N K S D I R F C T I N V F S T M F NT IN U . S . R A N K L I A B I L I T I E S TO FOREIGN RRANCHFS UNALLOCATED 22 23 4,. 5 6 0 -2,.541 8.308 -1.732 I .905 689 383 -487 1.583 -5 7 8 1.227 -1.055 767 -430 983 -478 1.916 -628 2. 9 8 9 -186 2.071 -923 1 .332 5 F I N A N . S O U R C E S OF R J N D S . N F T O F F I C I A L U.S. FG N. F X C H A N 24 25 26 27 28 •54 2 ,. S 8 0 843 -426 2.. 1 6 3 89 5.295 1.284 2.21 7 1.794 92 5 00 4 14 -369 455 35 755 90 1 57 508 -94 5 74 272 -8 310 - 43 433 -63 -94 59C 91 476 397 -40 1 19 80 1 .097 237 -284 1 . 144 71 806 2 82 -249 773 -110 1.770 498 662 610 -7 1. 8 2 2 23 1 I .296 295 135 897 273 SO 8 116 29 30 31 32 13 34 I 732 2 35 -1 2 0 3.. 1 2 6 5 13 86 915 252 -1 74 3.852 -275 -99 -62 50 37 682 16 -19 303 57 - 1 84 -254 177 -58 540 67 -167 1 . 3 36 -3 7 -38 1 19 49 7 2 1.317 3 73 21 23 49 76 581 -120 76 50 70 -101 -108 297 35 511 34 - I 13 1.228 -28 -14 135 49 -37 I .441 -59 20 84 107 153 I . 108 - ?93 45 185 62 -177 75 105 -727 -74 - 197 -645 -311 -1.154 - 2.455 - 5.134 -I .92 8 35 - 1 ,. 0 8 0 -10.671 ( 1 ) NET IV/71 IS P R E L I M I N A R Y ESTIMATE BASED ON INCOMPLETE INFORMATION. 73 OF U..S. ISSUES IN F G N . MARKETS TO NET U. S. F XP O RT S U. S . E X P O R T S U.S. IMPORTS T R A N S F E R R E C E I P T S F R O M U.S. C U R R E N T A C C O U N T BAL A N C F ( 4 - I ) ( U . S . R A L A N C E » S I G N RE V E R S F D ) FGN. CORPORATF SHARES CR F D I T MKT. I N S T R U M E N T S CORPORATF BONDS RANK LOANS N.E.C. OTHFR LOANS SFCURITY OFRT TRADF DFRT U S G F Q U I T Y IN I B R D , FT C . FGN. CU RR . H F L D IN U.S. U.S. D I RFCT I N V .ARROAO( 1 ) UNALLOCATED DI S C R E P A N C Y FINANCE U.S. INVFSTMFNT ABROAD. 9 F E B R U A R Y 1972 MONETARY AND INSURANCE RESERVES MONETARY GOLD, 12 UNADJUSTED YEAR 1970 QUARTERLY TOTALS 1971 1 I OFFICIAL FOREIGN EXCHANGE, TREASURY CURRENCY, ( M I L L I O N S OF D O L L A R S ! AND AND INSURANCE INSURANCE RESERVES RESERVES 12 FLOWS UNADJUSTED 1969 III IV GOLD 1970 1 1 I II AND OFFICIAL III FOREIGN IV EXCHANGE QUARTERLY FLOWS 1971 1 1 I II Ill IV HOLDINGS I. I 2 3 -803 - I. 1 59 3 56 -1.334 -743 -591 11 11 0 695 695 0 97 -903 1.000 23 23 0 -361 -111 -250 -562 -168 -394 -234 -243 9 -652 -252 -400 -450 -250 -200 4 16 7 -215 -70 1 15 19 0 -35 10 2 -47 -29 -70 GOLD ♦ SPECIAL DRAWING RIGHTS 2 U . S . G O L O S T O C K A N D S D R ' S (1) 2 U.S. G O V T . ( E X . STAB. FUND) 0 M O N F T A R Y A U T H O R I T I E S (2) -69 II. MEMn— TOTAL U.S. FORFIGN WORLD GOLD EXCHANGE 1 ? 3 STOCK 4 POSITION 5 - ?. 541 -1.732 689 -487 -578 -1.055 -430 -478 -628 -186 -923 6 7 8 - 2.152 -442 - 1.710 -381 -141 -240 442 -54 496 -1.016 -653 -363 -831 -33 -798 -818 -339 - 4 79 -34 -24 -10 -469 -46 -423 -373 -149 -224 66 3 63 -72 1 - 73 -2 4 -6 OFFICIAL FGN. CURRE N C Y TRFASURY FEDERAL RESERVE HLDGS 6 7 R 9 10 11 12 -389 -375 0 14 -1.351 -1.350 0 I 247 244 0 -3 529 534 0 5 253 252 0 -1 -237 -228 0 9 -396 -410 0 -14 -9 11 0 20 -255 -235 0 20 -25? -274 0 -22 -851 -847 0 4 7 6 0 -I N F T IMF P O S I T I O N CAPITAL SUBSCRIPTION LFSS-IMF NOTFS IMF D F P O S I T S AT F. R. 9 10 11 t? 13 14 15 622 701 -79 490 478 12 32 47 -15 1 36 65 71 463 463 0 24 75 -5 1 71 88 -17 64 75 -11 98 121 -23 143 150 -7 III. 1 14 R4 30 (1) INSURANCE ANU PENSION FUND 5 TOTAL TREASURY U.S.POSITION CURRENCY ANO 5 SDR CER T I F I C A T E S 135 TOTAL U . S . G O V T . L I A B I L I T Y 1 23 M O N F T A R Y A U T H O R I T I E S A S S F T 12 U N A L L O C A T E D A S S E T FXCLUDES INITIAL ALLOCATIONS OF 13 14 15 SDR'S. RESERVES L1FF INSURANCE RESERVF S— 1 2 3 4.884 79 4.805 4.948 77 4.871 1.245 22 1.223 1.221 13 1 .208 1.224 19 1.205 1.225 20 I .205 1.223 21 1.202 1.212 19 1. 193 1.222 20 1.202 1.214 19 1 .195 1.260 19 1.241 1.252 19 1.233 N F T C H A N G E IN L I A B I L I T I E S U.S. GOVERNMENT LIFF INSURANCE COMPANIES I 2 3 4 4.884 4.948 1.245 1.22 I 1.224 1.225 1.223 1.212 1.222 1.214 1.260 1.25? NFT 4 5 6 7 8 9 10 18.557 2.381 16.176 3.050 6.572 6.554 20.786 2.843 17.943 4.193 6.711 7.039 3.864 3 05 3.559 729 1.642 1.188 3. 5 2 4 -29 3.553 742 2.112 699 3.587 38 3.549 750 1.508 1.291 5.950 1.725 4.225 7 57 1.099 2.369 4.024 13 6 3.888 7 66 1.700 1.422 4.996 482 4.514 77 7 2.265 1.472 5.396 198 5.198 1.475 2.015 1.708 6.472 1. 8 57 4.615 850 1.546 2.219 4.092 221 3.87 1 I .050 1.376 1.445 4.826 56 7 4. ? 5 9 818 1.774 1.667 N E T C H A N G E IN L I A B I L I T I E S U.S. G OVERNMENT INSURANCE SECTOR LIFE INSURANCE COMPANIES PRIVATE PENSION FUNDS S .* L. G O V T . R T R . F U N D S 5 6 7 8 9 10 11 18.557 20.786 3.864 3.524 3.587 5.950 4.024 4.996 5.396 6.472 4,092 4. 8 2 6 NFT 11 I N C R E A S E IN A S S E T S (HOUSFHOLDS) PENSION IV/71 IS P R E L I M I N A R Y ESTIMATE BASED ON INCOMPLETE FUND RFSFRVES-- I N C R E A S E IN A S S E T S (HOUSEHOLDS) INFORMATION. (1) Excludes initial allocation of SDR's of $867 million in January 1970 and $717 million in January 1971. Transactions in SDR's are in line 2. (2) Treasury gold stock. 9 F E B R U A R Y 1972 M O N E Y AND D E P O S I T S SUMMARY MONEY MONEY UNADJUSTED YEAR 1970 QUARTERLY TOTALS 1971 S U P P L Y AND TI ME AND S A V I N G S ( M I L L I O N S OF DOL LA RS ) UNADJUSTED IV | I II DEPOSITS 7.679 7.403 4. 7 0 4 -921 1 . 2 13 1 .2 74 1. 1 3 3 276 14,. 5 2 3 14,. 4 5 8 1C,. 4 0 4 382 1.. 4 5 I 823 1,. 3 9 8 65 1.637 1.614 4.816 -1.047 -212 78 - 2.02 1 23 13.. 1 0 9 12,. 7 8 2 4,. 7 7 4 4.. 3 0 4 1 ,. 5 1 3 957 1 .. 2 3 4 327 -11.169 -11.219 -4.933 -4.049 -2 -48 1 -1.754 50 3.346 3.328 - 1.089 1.124 8 1I 284 2. 1 9 8 18 9 10 2.462 10.141 3,. 0 9 3 17,. 6 1 6 635 2.272 -1,. 1 4 2 11,. 9 6 7 1 .429 -9. 740 11 12 I3 14 15 10.141 3.087 -382 -31 3.500 17,. 6 1 6 4 ,. 4 6 6 89 7 119 3.. 4 5 0 2.272 -317 -248 -15 -54 11.. 9 6 7 2.. 2 4 0 326 -27 1.. 9 4 1 16 17 18 I9 7.054 2.844 30 7 3.903 13,. 1 5 0 2., 1 9 6 -54 1 I ., 0 0 8 2. 5 R 9 883 38 I.668 9., 7 2 7 - 1 ., 4 6 8 3 54 10., 8 4 1 TIMt 13.735 13. 2 6 8 6. 5 6 7 1.40 4 1 .543 1.262 2.492 467 -8.364 -8.001 -4.333 -3.321 1 63 -133 -377 -363 I .068 4.414 635 2.402 -670 13.06 5 -3.664 -12.028 -9.740 -909 -211 85 -783 4.414 1.113 - 3 14 -52 1 .479 2.402 467 241 -45 271 13.065 2.416 -98 -19 2.533 -8.831 1 .640 -35 -10.436 3. 3 0 1 1. 1 8 2 70 I.849 1 .935 394 -214 1.755 10.649 -57? 486 10.735 AND SAVINGS 236 429 5.555 -226 -2.710 157 -2.787 -193 14 .631 14,. 1 1 3 7,. 4 0 3 1.. 7 4 4 2 .383 902 I.. 6 8 1 518 4.279 12.299 1.265 1.501 1.. 2 1 3 15,. 8 4 4 U.S. GOVT DEPOSITS NFT INCR. IN A S S E T S - 12.028 -1. 160 -246 58 -972 12.299 2.040 387 -32 1 .685 I. 5 0 1 1.30? 827 1 474 15.. 8 4 4 2.. 2 8 4 -71 92 2.. 2 6 3 N F T I N CR. IN R A N K I N G S YS . L I A R MONFTARY AUTHORITIES U . S. G O V T . C A S H * D F P . FOREIGN DEPOSITS CURRFNCY - 10.868 -3.418 -421 -7.029 1 0. ? 5 9 3.892 135 6.232 199 438 -194 -45 1 3.,5 6 0 1., 2 8 4 426 1 I ., 8 5 0 8. 0 2 0 7.917 1 .779 2.185 1 . 175 -103 2.88 I 103 MONEY SUPPLY DOMESTIC SFCTORS HOUSEHOLDS NONFINANCIAL BUSINFSS STATE AND LOCAL GOVTS. FINANCIAL SFCTORS MAIL FLOAT RF ST OF THF W O R L D COMMERCIAL RANKS U . S. G O V T . D F P . FO R E I G N DFP. OTHER ACCOUNTS I 2 3 4 5 6 7 H 53.930 36.7 40 12.756 9.929 - 1 . 8 78 169 0 15.764 81,. 8 1 8 40.. 7 7 5 3,. 4 6 6 9,. 9 8 1 90 7 140 121 26 . . 1 6 0 -5.255 -5.485 -2.756 -3.118 96 -52 0 345 1. 3 4 5 -659 -1.060 -352 1.425 -89 0 -583 5.462 4.00 9 115 1.714 1.067 -31 0 I. 1 4 4 10.557 6. 4 4 0 1 . 52 7 2 . 2 14 -87 » 22 ( 3.555 20.465 1 6 . 2 18 8. 0 6 3 2. 7 4 8 -797 158 0 6.046 17.446 10.073 3.05 1 3.25 3 - 1.270 20 0 5.019 29.637 16.391 2.262 3. 071 -361 100 50 11.269 17,. 6 9 2 6,. 6 9 0 383 50 1 650 37 75 5.. 0 4 4 15,.4 7 6 8 ,. 0 0 5 280 2,. 2 5 5 399 13 -8 5.. 0 6 6 19,. 0 1 3 9 ,. 6 8 9 541 4,. 1 5 4 219 -10 4 4., 7 8 1 NFT AT 9 10 11 12 I3 14 17.190 1.682 4. 4 34 11.074 10.356 7 18 4 1 ., 0 4 3 3.. 0 9 7 9 .. 7 6 5 28..1 8 1 26..8 8 0 1.. 3 0 1 230 192 3 04 - 2 66 -56 -210 2.004 502 567 935 677 258 1.453 361 709 383 -30 41 3 4. 1 17 488 868 2. 7 6 1 2.78 c -24 4.247 233 I .094 2 .920 3.083 -163 7.373 600 1. 7 6 3 5.010 4.518 492 13.246 718 3.422 9. 1 0 6 8.412 694 11.. 0 0 2 858 2.. 6 8 1 7.. 4 6 3 7., 3 1 9 144 7., 4 7 1 588 1 .. 5 5 3 5., 3 3 0 5.,3 9 9 -69 9 .. 3 ? 4 933 2., 1 0 9 6 .. 2 8 2 5., 7 5 0 532 AT 15 32.236 6 5 . ,9 0 2 785 1.16 3 2. 1 8 4 7 .696 10.456 I1.900 23.821 15., 9 0 2 12.,6 0 6 13.,5 7 3 IS P R E L I M I N A R Y ESTIMATE BASED ON INCCMPLFTE QUARTERLY FLOWS CURRENCY 1. 7 6 7 2.026 4. 1 5 9 600 -1.139 209 - I . 803 -259 UtPOSITS SUMMARY III AND 1 2 3 4 5 6 7 8 DEPOSITS 13 FLOWS I I DEMAND IV/71 AND ACCOUNTS INFORMATION. INCREASE - TOTAL C O M M E R C I A L R ANKS - TOTAL CORPORATF BUSINESS STATE £ LOCAL GOVTS. FORFIGN HOLDINGS U.S. GOVT. MUTUAL SAVINGS RANKS HOUSEHOLD SAVINGS INSTITUTIONS CREDIT UNIONS M U T U A L S V G S. R A N K S SAVINGS ♦ - LOAN ASSNS. H F L D RY: H OI JSFH OI OS CRFDIT UNIONS MEMO - H OU SEHOLDS TOTAL TIME ♦ S V G S . ACCOUNTS 1 ? 3 4 5 h 7 8 9 10 11 12 13 14 15 9 FEBRUARY U.S. GOVT. 1972 SECURITIES U *S * GOVT. 14 14 UNADJUSTED YEAR 1970 QUARTERLY TCTALS 1971 U.S. FLOWS I I SECURITIES GOVERNMENT SECURITIES MARKET ( M I L L I O N S OF D O L L A R S ) SUMMARY UNADJUSTED 1969 III IV I I 1970 I II III IV I I QUARTERLY FLOWS 1971 I II III IV I 2 3 4 21.573 12.886 28 1 12.605 29.220 25.876 2.493 23.383 5.881 4.848 -190 5.038 7.975 5.428 14 5.414 5.986 2.456 -227 2.683 -4.794 -5.890 -48 -5.842 9.632 7.445 131 7.314 10.749 8.875 42 5 8.450 1.153 2.300 480 1.820 2. 152 1.875 676 1 .199 I I.564 9 .534 612 8 .922 14.351 12.167 725 11 . 4 4 2 5 6 7 8 8.687 1.268 -1.267 8 . 6 86 3.344 789 -I.C89 3.644 1.033 -193 -1.471 2.697 2.547 -61 -281 2.889 3.530 536 -639 3.633 1.096 54 -540 1.582 2.187 250 -36 1.973 1.874 428 -52 1 .498 -1.147 188 -894 -441 277 88 -124 3 13 2 .030 -5 18 2 .01 7 2. 1 8 4 518 -89 1.755 9 10 11 12 13 14 21.573 -100 1.723 1.879 -156 4.988 29.220 -7 -1.745 -1.682 -63 8.662 5.881 -208 -421 -491 70 39 7.975 -250 223 14 209 3.020 5.986 16 924 1.117 -193 -1.369 -4.794 -3 -126 -187 6 ] I .929 9.632 28 -72 -14 -58 2.261 10.749 -141 997 96 3 34 2. 16 7 1.153 -3 -10 -517 507 2.203 2. 152 -4 -681 -43 -638 1.173 1 I.564 0 -I . 0 2 8 -I .041 13 2 . 109 15 16 17 9.112 9.095 17 28.207 17.074 11.133 1.852 2.077 -225 - I .496 -2.037 541 1.748 2.213 -465 1.655 931 724 2.553 2 .697 -144 3.156 3.254 -98 6.371 4.554 1.817 6 . 735 4.099 2.636 8 .7 01 7 .009 I .6 9 2 6.400 1.412 4.988 18 -6.882 19 28 1 ?0 -10.514 3.351 21 -13.095 2.493 - 1 1 . 729 -3.859 6.407 -190 5. 2 6 0 1.337 3.559 14 i. 5 1 3 2.032 5.286 -227 2.962 2.551 -6.932 -48 -7.448 564 -606 131 -I . 6 4 7 910 -4.630 42 5 -<♦.381 -674 -8.628 480 -4.499 -4.609 -4.228 676 -4. 171 - 73 3 I. 345 612 240 493 - 1.584 725 -3.299 990 22 23 24 25 295 28 1 -4.194 4.208 -12.638 2.493 -12.304 -2.827 6.039 - 1 90 5. 7 86 443 3. 114 14 1.599 I. 501 5.394 -227 3.324 2.297 -3.617 -48 -4.788 1.2 19 2. 6 4 4 131 1. 164 1.349 -4.126 425 -3.894 -657 -9.400 480 -5.785 -4.095 - 4 .65 1 676 -4.63? -694 1 . 44 2 612 -9 1 921 -29 725 - I . 79 5 1 .04 1 26 27 28 -3.154 -3.245 91 625 5 70 55 - 1 . 2 19 - 1 . 2 70 51 240 64 1 76 -276 -462 18 6 -1.87« -1.860 -19 -I . 4 4 0 -1 .3 8 6 -54 44 1 463 -22 351 3 86 -35 168 15 2 16 34 ? 443 -101 - 23 6 -411 175 29 30 31 -4.023 -3.075 -948 - I .082 5 - I .0 87 1.587 744 843 205 -150 355 168 100 68 -1.436 -800 -636 -I . 8 1 0 -1.425 -385 -945 -950 5 4 21 900 -479 255 3 10 -5 5 -439 -112 -327 -1.319 - I .093 -226 32 33 34 8.986 5. 7 63 3.223 5.725 2.590 3.135 -1.352 -608 -744 2.869 2.058 811 -960 -1.277 317 - 2 . 188 -2.176 -10 4.137 3.618 519 7.997 5.600 2.397 -404 -925 52 1 31 - 83 1 86 2 -269 - 1 . 02 7 758 6.367 5.373 994 35 36 37 3. 746 1.5 33 2.2 13 1.473 -2.602 4.075 -*♦36 - 1 . 0 84 648 50 96 -46 3 41 -305 646 8 71 326 545 I .3 3 1 60 1 73 0 1.203 911 292 1.624 -1.320 2.944 -874 -1.026 152 706 -73 779 17 -183 200 38 39 40 1.154 -380 1.534 5.220 1 . 35 4 3.866 34 -496 530 -383 -458 75 465 2I 444 313 -66 3 79 396 -5 401 -20 -330 310 4. 152 1 . 03 1 3. 1 2 1 76 8 40 1 36 7 484 222 262 -184 -300 116 4 1 42 43 194 -195 389 506 -18 5 24 -206 -175 -31 -348 -170 -178 51 -88 1 39 57 3 5* 163 0 16 3 -77 -110 33 57 68 -11 205 51 154 183 -105 288 6 I -32 93 44 45 46 -43 -55 12 -174 -221 47 -92 -50 -42 11 18 -7 11 1 10 -116 -130 14 1 25 117 8 -63 -43 -20 -135 -138 3 -150 -137 -13 43 -21 64 47 48 49 36 -50 86 -311 -165 -146 -440 -460 20 47 -31 78 -135 -98 -37 -87 -108 21 236 14 6 90 22 10 12 -138 -70 -68 -169 -108 -6 1 50 51 52 397 237 160 45 1 29 -84 19 8 1 24 74 -40 -12 -28 -68 -132 64 4 5 -15 60 499 424 75 -79 -40 -39 188 1 35 53 53 54 55 -323 -355 32 -523 -391 -132 8 -89 97 -192 -206 14 -19 -45 26 -108 -125 17 -7 0 - 7 -189 -185 -4 56 57 58 59 17 5 1.668 428 60 -350 -1.599 -1.348 7 51 -254 258 7 -335 863 418 9 -199 425 -202 12 2.087 -1.535 200 15 -1.741 1.387 258 15 60 5. 775 -5.966 4.607 6.453 4.650 -8.273 4.836 IS P R E L I M I N A R Y ESTIMATE BASED ON INCOMPLETE I 2 3 4 OTHFR BUDGET AGENCY ISSUES LOAN PARTICIPATIONS (I) SPONSORED AGENCY ISSUES(2) 5 6 7 8 1 4 . 3 5 1 N F T A C Q U I S I T I O N S , BY S E C T O R U . S . G O V E R N M E N T ( A G E N C Y SEC.) 0 SPONSORED CREDIT AGFNCIES -26 DIRECT MARKETABLE -8 1 F HL B S P FCIAL ISSUE 55 FEDERAL RESERVE SYSTFM 3.177 9 10 11 12 13 14 FOREIGN SHORT-TFRM OTHER 15 16 17 MARKETABLE P V T . D O M E S T I C N O N F IN . SAVINGS BONDS - HOUSFHOLOS DI R FC T F X C . S V G S . B O N D S AGENCY ISSUES HOUSEHOLDS SAVINGS BONDS DIRECT FXC. SVGS. AGENCY ISSUFS C O R P O R A T F N O N F IN. DIRECT AGENCY ISSUFS BONDS BtJSINFSS 22 23 24 25 26 27 28 29 30 31 S T A T E «■ L O C A L G O V T S . DIRECT AGENCY ISSUES 32 33 34 COMMERCIAL BANKS DIRECT AGFNCY ISSUES PRIVATE NONBANK DIRECT AGENCY ISSUES lfl 19 20 21 35 36 37 FINANCE SVGS.+ LOAN ASSNS. DIRECT AGFNCY ISSUES 38 39 40 MUTUAL SAVINGS BANKS DI R F C T AGENCY ISSUES 41 42 43 68 75 -7 LIFE INSURANCE DIRECT AGENCY ISSUES 44 45 46 -82 -40 -4 2 78 53 25 NONLIFF INSURANCE DIRFCT AGENCY ISSUES 47 48 49 -362 -235 -127 149 151 -2 70 78 -8 PRIVATE PENSION DIRECT AGENCY ISSUES 50 51 52 -294 -140 -154 -256 -88 -168 19 -190 209 8 27 -19 S.«- L . G O V T . R T R . F U N D S DIRECT AGENCY ISSUES 53 54 55 28 1.391 17 2 18 42 -1.474 -780 6 -255 -447 -214 6 -180 407 -316 -I 43 -85 -38 -4 IN V E S T M E N T COS. (DIRECT) S E C . B R K R S . + DL R S .( " ) A G . OF F G N . B A N K S ( " ) B K S . I N T E R R .♦ P O S S . ( " ) 56 57 58 59 4.562 -7.428 MEMO: HEL D BY PVT. DOMESTIC AND PVT. N O N B A N K FINANCE) 60 (1)WHERE IV/71 TOTAL NET ISSUES I N C L U D E D IN P U B L I C D E B T HOUSEHOLD SAVINGS BONDS D I R E C T EXC. SAVINGS BONDS NOT 4. 7 8 9 -5.092 I .765 (N O N F I N A N C I iA L, B A N K S , SHOWN SEPARATELY, LOAN PARTICIPATIONS AGENCY ISSUES ARE FUNDS INCLUDED WITH ( 2 ) T H E S E I S S U E S A R E O U T S I D E THE B U D G E T A N D O U T S I D E T H E U . S . G O V E R N M E N T S E C T O R IN F L O W - O F - F U N D S A C C O U N T S . T H E Y A R E I N C L U D E D IN C R E D I T M A R K E T DEBT OF FINANCIAL INSTITUTIONS. SPONSORED-AGENCY ISSUES INCLUDE GNMA-GUARANTEED SECURITIES BACKED BY MORTGAGE POOLS. INFORMATION. 9 F E B R U A R Y 1972 PRIVATE SECURITIES AND MORTGAGES PRIVATE SECURITIES AND MORTGAGES 15 P R I V A T E SECU R I T I E S AND M O R T G A G E S ( M I L L I O N S OF D O L L A R S ) UNADJUSTED YEAR 1970 QUARTERLY TOTALS 19 7 1 FLOWS I I UNADJUSTED 1969 III IV J I I STATE III LOCAL IV GOVERNMENT I I II III StCURITIES 11.818 3.824 7.994 18.542 4.126 14.416 1.275 774 50 1 956 373 583 1 .7 8 1 5 53 I. 2 2 8 3.307 1.252 2.055 2 .090 509 1.581 4.640 1.510 3. 130 5.857 1.663 4. 194 4.915 1. 2 6 4 3.651 4. 3 4 5 1.019 3. 3 2 6 3..4 2 5 1 80 3,.2 45 11.818 -1.482 1 .383 412 18.542 593 2.8 68 205 1.275 632 596 38 956 -555 1. 72 2 1 50 1.781 529 -32 I 45 3.307 -713 1 .358 170 2.090 -1.424 -498 63 4.640 126 844 1 34 5.857 -2 1.024 36 4.915 -745 I. 7 0 9 55 4.345 2.536 -8 1 7 77 3,.4 25 - 1 .. 1 9 6 952 37 10.113 13.322 152 191 1.224 -149 136 -366 -532 2.550 3.453 5 43 261 -44 231 3.069 4.450 49 29 309 I .7 5 9 20 -18 3.907 73 77 273 -40 -394 3. 2 0 6 10 13 3 42 -25 86 FOREIGN BONDS 6.448 5. 3 6 0 69 1 7.201 5.799 1.162 3 237 7.271 5.757 993 239 2 82 6 . 792 5.663 543 8ft 498 4.741 3.499 943 68 231 4. 2 9 3 3.420 40 0 7.20 1 3.116 12 4 51 5 48 7.271 2.254 674 369 1 .9 42 6 . 792 2. 4fl 0 616 370 1 . 5 3 ft 4. 741 2. 38 ? 5 85 4.293 68 1 683 0 0 267 9 10 11 12 II AND 1 .066 -332 590 -2 10 41 32 6 -12 -32 301 -126 18 22 -2 22 283 -23 204 -21 272 -149 -158 CORPORATE 23.668 20.261 2. 54 4 20 843 23.097 18.339 2.879 5 95 1.284 3.531 2.788 329 23.668 12.179 -204 67 1 1.428 23.097 7. 797 2.558 739 4.244 8.163 L .5 37 1 . 59 9 3.857 1.170 7 70 6 61 AND 0 20 250 -116 313 -20 3. 191 2. 5 4 4 564 -7 90 3. 75 2 3. 2 7 6 18 0 24 272 6.267 5.826 511 3.531 2.303 198 -57 -66 3.191 I. 73 9 202 3. 752 2.883 61 6.448 3.524 -272 -59 -29 225 6.267 2.656 -5 22 0 432 8.453 4.731 - 1.506 3.905 1.3 23 1 . 502 215 525 577 185 71 6 - 103 1 50 470 199 1.629 448 319 653 209 2.381 432 172 1 .566 21 1 1.996 15 0 482 970 3 94 2.157 507 626 668 356 2 . 12 2 1.157 -615 1.211 369 2. 3 5 0 998 -273 1.342 283 -901 207 -351 2 401 221 -1.273 227 3 82 20 1 8 37 140 824 -253 163 0 4 14 0 CCRPORATE 0 2 23 QUARTERLY FLOWS 1 97 1 I N E T C H A N G E IN L I A B I L I T I E S OF STATF AND LOCAL GOVERNMENTS SHORT-TERM OTHER 1 2 3 N E T C H A N G E IN A S S E T S HOUSEHOLDS CORPORATF BUSINESS S .+ L. G O V T . , G E N . F U N D S 4 5 6 7 COMMERCIAL BANKS MUTUAL SAVINGS BANKS LIF E I N S U R A N C F COS. OTHFR INSURANCE COS. S . + L. G O V T . , R T R . F U N D S FINANCE N.E.C. NFT ISSUES CORPORATE BUSINESS FINANCE COMPANIFS COMMERCIAL BANKS R E S T OF TH F W O R L D 200 273 1 2 3 4 5 497 NET PURCHASES HOUSEHOLDS STATE AND LOCAL G O V E R NMENTS COMMFRCIAL BANKS MUTUAL SAVINGS RANKS 6 7 R 9 10 1.830 1.203 -4 18 70 2 3 43 2.151 1.373 -2 00 650 3? INSURANCE LIFF INSURANCF C O MPANIES PRIVATE PENSION FUNDS S. L.GOVT. RTR. FUNDS OTHFR INSURANCE COMPANIES 11 12 13 14 15 -444 -118 -475 152 271 ft 10 FINANCE R E S T OF N.F.C. T HF W O R L D 16 17 EQUITIES 1 2 3 4 5 6 9.279 2.444 6.835 6.769 32 34 14.260 706 13.554 13.460 5 89 2.648 I .146 1. 5 0 2 1 .407 3 92 3.510 1.212 2. 2 98 2.276 -13 35 2.627 1.115 1.512 1.579 27 -94 2.013 500 1.513 I. 5 4 8 8 -43 1.918 5 82 1 .336 1.251 -6 91 2.721 247 2.474 2.391 3 80 2.703 3 95 2.308 2.239 -2 71 3.818 - 11 3.829 3.925 14 -110 3.987 -250 4.237 4.251 -7 -7 3.752 5 72 3. 18 0 3.04 5 0 135 NET ISSUFS O P E N - E N D INVESTMENT COS. OTHFR SECTORS CORPORATE BUSINESS C OMMFRCIAL BANKS R E S T O F THF W O R L D 7 8 9 10 11 12 13 14 9.279 -2.588 276 9.713 1.984 4.626 966 2.137 14.260 -4.009 306 18.586 3.680 9.04 7 2.568 3.291 2.648 174 58 1.846 270 1.116 75 385 3.510 -1.333 62 2.981 515 1.613 332 521 2.627 -461 65 2.66 7 560 1.294 3 39 474 2.013 -817 68 2.380 57 959 287 56 1 1.918 648 70 1.206 1 34 675 17 380 2.721 -1.958 73 3.460 71 7 1.698 323 72 2 2. 7 0 3 -2.247 75 4.581 1.123 2.391 375 692 3.818 -1.775 75 5.270 848 2.908 749 765 3.987 618 78 4.237 797 1.737 74 5 958 3. 75 2 -605 78 4.498 912 2.011 699 876 NFT P U R C H A S E S HOUSEHOLDS MUTUAL SAVINGS BANKS INSURANCE SECTOR LIFE INSURANCE COMPANIFS PRIVATE PENSION FUNDS OTHER INSURANCE COMPANIFS S .♦ L. G O V T . R T R . F U N D S 15 16 17 18 I. 1 76 1. 109 67 702 -847 308 -1.155 224 401 606 -205 1 69 1.308 9 81 327 492 44 1 1.002 -561 -85 46S 96 373 -87 -393 -431 38 387 659 442 217 487 215 4 71 -256 79 251 587 -336 -3 - I . 177 -350 -827 231 -136 -400 264 -83 TOTAL ft 9 10 1I 12 13 FINANCE N.E.C. OPEN-END INVESTMENT BROKERS AND DEALERS R E S T OF T HE W O R L D COS. 7 8 9 10 11 12 13 14 15 16 17 18 MORTGAGES I 26 . 39 3 47.102 7.012 6.649 4.052 6 . 1 96 7.793 8 . 35 2 7.245 12.874 13.691 13 . 29 2 2 3 6 32 -75 1.983 -69 -253 - 12 -286 -25 -284 -17 290 -24 218 -26 408 -8 413 -20 1.234 -21 271 -17 65 -1 I 4 5 6 7 8 9 10 25.836 12.496 1.360 11.980 1.775 4.892 5.313 45. 188 22.852 1.448 20.888 1.998 8 . 140 10.750 7.277 3.824 324 3. 1 29 419 1.292 1.418 6.960 4.265 328 2.367 257 719 1.391 4.353 3.005 332 1.016 371 329 316 5.930 2.540 337 3.053 509 1.281 1.263 7.601 3. 17 0 343 4.088 501 1.796 1.791 7.952 3.781 348 3.823 394 1.486 1.943 6.852 3.583 354 2.915 554 945 1.416 I 1.661 5.380 359 5.922 46 3 2. 143 3.316 13.437 6.087 3 65 6.985 5 53 2.933 3.499 13 . 2 3 8 7,. 8 0 2 370 5,. 0 6 6 428 2 ,.1 19 2 ,. 51 9 11 12 13 14 15 26.393 2. 150 -I 3 35 5.834 47.102 1.370 14 -139 6.516 7.012 724 -5 208 1.270 6.649 596 -5 232 1.762 4.052 753 -1 100 1.668 6 . 196 484 -1 61 1.359 7. 7 9 3 443 0 86 1.642 8 . 35 2 470 I 88 1 .165 7.245 470 2 -24 631 12.874 -113 3 43 1.578 13.691 409 4 16 2.176 13,.292 F U N D S A D V A N C E D B Y — 60 4 HOUSEHOLDS 5 ST.+LOC. GOVTS.,GEN F D S . - 174 U.S. GOVERN M E N T 2 ..131 SPONSORED CREDIT AGENCIES (1)(2) 11 12 13 14 15 16 17 18 19 20 21 18.075 2.366 12.161 10.288 1.845 28 39.341 9.498 28.072 24.059 3.966 47 4.815 1.238 2.929 2.409 515 5 4.064 822 2.409 1.624 779 6 1. 53 2 108 820 630 18 3 7 4.293 3 97 2.830 2.337 486 7 5.622 1.004 3.844 3.315 522 7 6.628 857 4.667 4.006 654 7 6 . 16 6 1.185 4.607 3.868 73 2 7 I 1.363 2.832 7.980 7.010 963 7 I 1.086 3.088 8.081 7.024 1.040 17 1 0 ..7 2 6 2 ..393 7..404 6 .,157 1 .,231 16 16 17 18 19 20 21 22 23 24 25 26 27 3.247 2.318 19 885 25 30 1 643 995 -610 231 27 1.128 747 465 64 217 1 -99 7 63 694 80 -14 3 70 914 589 54 266 5 -310 88 ] 549 6 319 7 185 489 375 -33 140 7 2 85 963 805 -8 160 6 141 117 171 -143 82 7 257 59 19 -201 235 6 492 -85 264 -170 -186 7 2 5 52 54 1 -96 100 7 377 28 I. 3 2 6 -2.679 1.527 1.349 456 491 289 90 -925 -2.449 S&L http://fraser.stlouisfed.org/ IV/71 IS P R E L I M I N A R Y E S T I M A T E Federal Reserve Bank of St. Louis BASED ON INCOMPLETE INFORMATION. BORROWED BY— S A V I N GS+LOAN ASSNS. U.S. G O V E R N M E N T 2 3 PRIVATE NONFIN. SECTORS HOUSEHOLDS N O N P R O F I T INST. BUSINESS FARMS NONFARM NONCORPORATE CORPORATE PVT. F I N A N C I A L INST. COMMERCIAL BANKS SAVINGS INSTITUTIONS SVG. ♦ LOAN ASSNS. MUT. SAVI N G S BANKS CREDIT UNIONS (1) INSURANCE LIFF C O M P A N I E S PVT. P E N S I O N F U N D S ST.+LOC. GOVT. RET.FDS. OTHER INSURANCE FINANCE N.E.C 396 299 l A S S N S . ( I N C L U D E D IN " O T H E R L O A N S " C A T E G O R Y ) (2) INCLUDES MORTGAGE POOLS BACKING GNMA-GUARANTEED PASS-THROUGH SECURITIES. 4 5 6 7 8 9 10 22 23 24 25 26 27 9 FEBRUARY MORTGAGES. 1972 BY TYPE MORTGAGES, 16 MORTGAGE UNADJUSTED YEAR 1970 QUARTERLY TOTALS 1971 I I FLOWS TYPE UNADJUSTED 1969 III BY 16 M A R K E T S B Y T Y P E OF M O R T G A G E ( M I L L I O N S OF D O L L A R S ) IV I I 1 97 0 I II III HOME MORTGAGES IV I I QUARTERLY FLOWS 1971 I II III IV 1 2 3 4 5 6 13.353 12.496 15 0 15 0 -75 632 26.306 22.852 770 770 -69 1.983 3.999 3.824 220 220 -12 -253 3.348 4.265 -303 -303 -25 -286 1.686 3.005 -509 -509 -17 -284 3.206 2.540 20C 200 -24 290 4 . 326 3 .170 482 482 -26 218 4. 135 3.781 -23 -23 -8 408 3.412 3.583 -282 -282 -20 413 7.671 5.380 539 539 -21 1.234 7.79 5 6.087 7 27 727 -17 271 7 .428 7 .8 0 2 -214 -214 -11 65 N E T C H A N G E IN L I A B I L I T I E S HOUSEHOLDS NONFARM NONCORP. BUSINESS CORPORATE BUSINESS U.S. G OVERNMENT SAVINGS AND LOAN ASSNS. 7 8 9 10 11 13.353 503 -1 -140 5.071 26.306 -251 14 -468 5.033 3.999 348 -5 19 1. 1 4 3 3.348 -210 -5 14 I. 72 1 1.686 41 1 -1 -7 1.527 3.20 ( 89 -I -35 I .IOC 4 .326 -85 0 -36 1 .440 4. 135 88 I -62 1.004 3.412 -79 2 -161 357 7.671 -368 3 -39 I. 195 7.795 34 4 -44 1.767 7 .428 16 2 5 -224 1.714 N E T C H A N G E IN A S S E T S HOUSEHOLDS STATE AND LOCAL GOVERNMENTS U.S. G O V E R N M E N T SPONSORED CREDIT AGENCIES (1) 7 R 9 10 11 12 13 14 15 16 921 8.207 7.245 934 28 5.232 18.294 16.995 1.252 47 672 2. 1 6 5 1.892 268 5 611 1. 5 7 8 ’ ..213 359 6 -79 407 344 56 7 239 1.975 1.689 279 7 434 2 . 74 1 2 .468 266 7 327 3.084 2.744 333 7 579 2.929 2.707 215 7 1.828 5.307 5.046 254 7 1.636 5. 192 4.848 327 17 I .189 4 .866 4 .394 456 16 COMMERCIAL BANKING SAVINGS INSTITUTIONS SA V I N G S AND LOAN ASSNS. MUTUAL SAVINGS BANKS CREDIT UNIONS 12 13 14 15 16 17 18 19 20 -1.364 -1.383 19 156 -2.665 -2.055 -610 1.117 -203 -267 64 -140 -396 -476 80 35 -233 -287 54 -339 -310 -3 16 6 14 9 -414 -381 -33 246 -407 -399 -8 100 -463 -320 -143 248 -738 -537 -201 483 -794 -624 -170 0 -670 -574 -96 386 INSURANCE LIFE INSURANCF COMPANIES PRIVATE PENSION FUNDS F I N A N C E N . E . C . (M T G . C O S . ) 17 18 19 20 MULTI-FAHILY RESIDENTIAL 1 2 3 4 5 6 MORTGAGES 1 2 3 5.862 1.524 4.338 9.312 2.745 6.567 1. 1 7 4 212 962 1.542 637 905 1. 0 3 7 262 7 75 1.350 348 1.002 I . 579 369 1.210 1.896 545 1.351 1.642 543 1.099 2.451 1.040 1 .41 I 2.505 546 1.959 2 .714 NET B O R R O W I N G 61 6 CORPORATE BUSINESS NONFARM NONCORP. BUSINFSS 2 .098 1 2 3 4 5 6 7 8 5. 862 -265 504 290 99 9.312 75 3 55 750 889 1. 17 4 -93 189 8 I 19 1.542 15 9 236 3 149 1.037 -150 110 22 62 1.350 -192 101 97 34 I . 57 9 55 1 39 96 2 1.896 22 154 75 1 1.642 14 144 114 16 9 2.451 -142 89 150 229 2.505 49 66 223 267 2 . 7 1 4 N F T C H A N G E IN A S S F T S 1 54 HOUSEHOLDS 56 U.S. G O V E R N M E N T FED. NAT. MTG. ASSN. 26 3 224 COMMFRCIAL BANKS 4 5 6 7 8 9 10 11 2.432 2.077 355 6 . 36 3 4.283 2.080 425 32 2 1 03 409 275 1 34 307 244 63 579 472 10 7 743 641 10 2 803 720 83 1.005 603 402 1.776 1.221 555 1.869 1.314 555 1 .713 I,. 14 5 56 8 12 13 1.917 885 649 231 30 9 217 600 -14 420 266 412 319 404 140 68 1 160 114 82 114 235 217 - 1 86 204 100 COMMERCIAL SAVINGS INSTITUTIONS S A VINGS AND LOAN ASSNS. MUTUAL SAVINGS BANKS 9 10 11 LIFE I N SURANCF COS. S.+L.GOVT. PENS.FUNDS 12 13 MORTGAGES I 2 3 4 5.403 I .360 3.639 404 9.486 1.448 7.235 803 1.420 324 986 n o 1.502 328 1.057 117 958 332 563 63 1.131 337 715 7S I .387 343 940 104 1.927 348 1.421 1 58 1.637 354 1.155 128 2.289 359 1.737 19 3 2.838 365 2.226 247 2 .722 N E T B O R R O W I N G 370 HOUSEHOLDS 2 .117 CORPORATE BUSINESS 235 NONFARM NONCORP. BUSINESS 1 2 3 4 5 6 7 8 5.403 78 9 -I 1.023 9.486 520 -5 3.068 1.420 177 -I 454 1.502 253 0 124 958 149 0 106 1.131 239 C 108 1.387 222 0 407 1.927 179 -1 402 1.637 155 -1 302 2.289 77 -2 873 2.838 1 24 -2 1.038 2 . 7 2 2 N E T C H A N G E IN A S S E T S 1 64 HOUSEHOLDS U.S. G O V E R N M E N T 0 855 COMMERCIAL BANKS 5 6 7 8 9 10 11 1.517 966 55 1 3.437 2.781 656 340 195 145 425 136 289 11 3 42 71 282 176 106 358 206 152 764 542 222 679 558 121 903 743 160 1 .026 862 164 829 618 21 1 SAVINGS INSTITUTIONS SAVINGS AND LOAN ASSNS. MUTUAL SAVINGS BANKS 9 10 11 12 13 1.905 25 2.428 27 408 1 662 3 556 5 459 7 354 7 536 6 486 7 42 3 6 643 7 876 7 LIFE INSURANCE COMPANIES OTHER INSURANCE COMPANIES 12 13 42 8 N F T B O R R O W I N G B Y F A R M S N E T C H A N G E IN A S S E T S — 124 HOUSEHOLDS -6 U.S. GOVERNMENT 154 FED. LAND BANKS 125 COMMERCIAL RANKS -4 MUTUAL SAVINGS BANKS 35 LIFE INSURANCE COMPA N I E S FARM I 1.775 1.998 419 257 371 2 3 4 5 6 7 1.123 -28 473 323 5 -121 1.026 -21 733 309 -22 -27 292 I 119 -7 -1 15 394 -18 38 -62 -3 -92 343 -3 119 19 -7 -100 IV/71 IS P R E L I M I N A R Y ESTIMATE B A S E D ON MORTGAGES 509 501 394 554 463 553 348 -5 16 ; 16 -6 - t 251 -17 10 6 161 2 -2 181 -3 86 127 16 -13 380 -6 160 1 35 -6 -109 320 -5 233 -98 -6 19 202 -4 186 14 7 -6 28 INCOMPLETE 1 2 3 4 5 6 7 INFORMATION. (I) Includes mortgage pools backing GNMA-guaranteed securities. See preceding page. 9 F E B R U A R Y 1972 CONSUMER CREDIT AND BANK LCANS CONSUMER N.E.C. CONSUMER UNADJUSTED YEAR 1970 QUARTERLY TOTALS 1971 CREDIT AND BANK L O A N S NOT E L S E W H E R E I M I L L I O N S OF D O L L A R S ) FLOWS I I III I I IV 1970 I II III CONSUMER IV I I AND BANK LOANS N.E.C. CLASSIFIED UNADJUSTED 1969 CREDIT QUARTERLY FLOWS 1971 I II III IV CREDIT 1 4.333 10.435 2.013 4..4 61 -2.771 2 .,84 4 1.365 2.895 -3.198 3.,784 3.,302 6.54 7 2 3 2.992 1 . 34 1 8.384 2.051 2.269 -256 2 ,. 8 1 3 1 ,.64 8 -1.507 -1.264 2 ..03 7 807 1 .443 -78 1.019 1.876 -1.993 -1.205 2 ,. 6 9 4 1 ..0 90 3.,157 14 5 4.526 2.021 4 5 6 7 8 9 10 4.333 2.992 93 8 17 1.590 1.103 -611 10.435 8.384 139 1.223 4.081 1.924 I .017 2.013 2.269 22 195 877 424 75 1 4,.4 61 2 ,. 8 1 3 1 30 1 . 141 512 271 759 -2.771 -1.507 -85 -748 -349 -24 -301 2 ,. 8 4 4 2 ..0 37 4 30 1 ..0 2 3 551 429 1.365 1 .443 28 255 1.072 440 -352 2.895 1.019 146 1 .280 -156 136 -387 -3.198 -1.993 -96 -848 -332 80 -797 3,.7 84 2 ..6 94 16 14 9 1 .. 4 48 798 283 3.,302 3.,157 39 337 1 .592 665 524 6 .547 4.526 180 1.585 1.373 381 1.007 N E T C H A N G E IN A S S E T S INSTALMENT CREDIT NONFARM NONCORP. BUSINESS CORPORATF BUSINESS COMMERCIAL BANKING SAVINGS INSTITUTIONS FINANCE COMPANIES 4 5 6 7 8 9 10 1I 12 13 14 15 1.341 357 600 305 79 2.051 448 79 1 711 101 -256 -154 51 -149 -4 1 .648 671 957 18 2 -1.264 -228 -993 -57 14 -78 -202 48 57 19 1.876 668 1.041 1 43 24 -1.205 -220 -1.057 44 28 1 ., 0 9 0 147 639 263 41 14 5 ■145 92 18 2 16 2.021 666 1.117 222 16 NONINSTALMFNT CREDIT NONFARM NONCORP. BUSINESS CORPORATE BUSINESS COMMERCIAL BANKING SAVINGS INSTITUTIONS 11 12 13 14 15 -4.364 13.221 6.266 BANK I 10.768 28.021 -2.089 LOANS 11.640 NOT -9.079 80 7 119 50 « 16 2 22 ELSEWHERE 7..4 14 5.034 7.399 2.366 1 .8 9 5 1.327 1.982 569 286 1.127 0 3. 1 98 -1.064 0 2. 1 3 4 9.498 4. 792 -336 286 -226 -274 78 6 0 13.781 -84 0 13.697 1.238 728 -1.379 -312 -434 18 4 -62 0 -2.364 I. 5 4 9 0 -815 822 530 1.718 792 86 7 -291 216 0 7.778 14 8 0 7.926 108 -406 -1.329 -640 -724 253 -169 0 -6.812 2.883 40 -3.889 397 1 ..1 8 5 - 1 ..4 89 919 66 e 60 191 ( 6 ,.40 2 1 . 225 50 7..67 1 1.004 1.129 1.702 977 267 347 363 0 222 -2.870 -90 -2.738 857 -13 2.443 726 358 -374 742 0 3.386 -2.302 0 1.084 I. 18 5 -288 -2.136 -255 -676 16 2 259 0 -2.870 -98 0 -2.968 2.832 1.711 -304 -41 250 -145 -146 0 9.023 202 0 9.225 3.088 1.774 504 -365 -534 173 -4 0 1.265 -98 0 1.167 14 15 16 17 18 19 20 ?i 2.134 842 8 13 245 1 .2 C 7 -75 -472 -426 13.697 3.015 I .045 3 76 5.114 679 1.251 2.217 -815 -509 48 505 31 30 -551 -369 7.926 1.381 -272 542 4.648 11 3 1.357 157 -3.889 - 1 .006 272 -287 -804 -169 -1.887 -8 7.,677 1 ,.0 1 8 633 33C 4.,2 29 -5 1 ..56 < -94 -2.738 -481 167 I -2.751 -36 402 -40 1 .084 1.311 -259 201 533 13 5 -553 -284 -2.968 -970 345 -191 -2.107 -171 375 -249 9.225 2.673 726 594 2.719 417 1.434 662 1.167 ■ - I . 142 2 74 359 1.439 1 13 ■ -1.172 1.296 IV/71 IS P R E L I M I N A R Y ESTIMATE BA S E D ON INCOMPLETE C H A N G E IN L I A B I L I T I E S (HOUSEHOLDS) INSTALMENT CREDIT NONINSTALMENT CREDIT I 2 3 CLASSIFIED 2 3 4 5 6 7 8 9 10 11 12 13 , NET INFORMATION. TOTAL 12.898 B A N K L O A N S AT C O M M E R C I A L BANKS, F/F BASIS L F S S : L O A N S IN O T H E R C A T E G O R I E S 2.393 MORTGAGES CONSUMFR CREDIT 1 .595 I .6 0 0 SFCURITY CREDIT 94 7 OTHER LOANS 734 F I N A N C E CO. PAPER -464 OTHER COMMFR C I A L PAPFR 677 ACCEPTANCES HYPOTHECATED DEPOSITS 0 6 .363 EQUALS: BANK LOANS N.E.C. -90 PLUS: LOANS BY BANK AFFILIATF 0 LOA N S BY F.R. BANKS 6.273 EQUALS: TOTAL BANK LOANS N.F.C 6.273 2.454 -300 -386 3.063 320 614 508 N E T C H A N G E IN L I A B I L I T I E S HOUSEHOLDS FARM BUSINFSS NONFARM NONCORP. BUSINFSS CORPORATE BUSINESS SVGS.+ LOAN ASSNS. FINANCE COMPANIES R E S T OF T H E W O R L D I 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 9 F E B R U A R Y 1972 OTHER LOANS OTHER LOANS OPEN-MARKET PAPER AND OTHER ( M I L L I O N S OF D O L L A R S ) UNADJUSTED YEAR 1970 QUARTERLY TOTALS I 197L I FLOWS UNADJUSTED 1969 III LOANS I I IV 1970 I II OTHER III LOANS -- IV SECTOR I I QUARTERLY FLOWS 1971 I II III IV TOTALS 1 2 3 4 5 6 7 8 9 10 II 11.457 2.562 647 1.148 5.201 427 0 -1.860 1.326 -157 2. 163 3.207 1.555 76 1 830 1.348 1 84 0 -376 -2.679 -210 1.794 8.000 1.019 12 84 1.943 66 0 1.256 1.527 1.638 455 6.655 759 -236 879 7 41 11 8 0 1.713 1.349 824 508 8.809 852 490 302 2.461 134 0 2.224 456 1.580 310 4.418 740 48 1 155 1.098 4« 0 1.03 5 49 1 -221 59 ( -2 . 5 5 7 573 -186 3 826 19 4 0 -2 . 8 8 2 289 -I . 4 9 3 11 9 787 397 -138 688 8 16 50 0 -2.237 90 -23 I. 1 44 1.910 430 477 595 2.071 93 0 -657 -925 -947 773 -1.271 289 556 159 -382 44 0 41 -2.449 -139 610 873 458 -67 -286 204 28 0 167 396 -322 295 1.695 378 -205 36 2 -545 19 0 73 299 I .198 116 12 13 14 15 16 17 18 19 20 21 11.457 -1.088 2.962 2.323 -7 1.982 16 0 2.936 1.702 487 3.207 -2.431 3. 153 -2.001 204 286 232 2.436 1.487 -159 8.000 3. 12 8 909 1.492 -4 -312 84 I. 1 69 1.116 418 6.655 1.736 568 1.442 27 792 67 593 1.454 -24 8. 8 0 9 5.367 984 933 -12 -640 170 950 975 82 4.418 1.59 1 741 853 -2C 919 -4 546 -540 321 -2 . 5 5 7 - 7 . 1 90 740 298 55 977 44 I .382 1 .556 -419 78 7 -862 49 7 239 -30 72 6 -50 58 -289 498 1 .9 1 0 -470 1.218 -396 81 -255 268 1.126 563 -225 -1.271 -2.052 947 -2.032 -76 -4 1 -51 660 680 694 873 658 551 166 -1 -365 54 579 -1.277 508 1.695 -567 43 7 26 1 200 947 -39 71 1.521 -1.136 OPEN-MARKET 1 1 . 7 48 - I . 000 3.952 2.279 5.441 1.13 1 -3.841 -983 -427 -1.279 977 -271 -713 -578 1.888 2.114 3.723 1 .279 -3.369 -2.346 -1.441 83 -94 874 3 4 340 -I . 0 5 3 -116 -462 986 902 66 3 1.451 1.506 2.217 65 1.2 14 - I .026 -2.343 -205 -2.141 -838 -603 13 5 -52 -314 220 901 -27 5 6 7 -2.018 736 569 -1.827 1.475 -226 2.014 308 -434 1.295 -48 867 4.207 240 -724 71 ( -99 668 -4.524 888 267 -2.41 I -293 358 -1.662 897 -676 -605 438 250 12 8 312 -534 31 2 -172 734 8 854 -1.253 1.712 -54 1.817 -645 -471 1 53 899 -1.834 568 -886 9 10 11 2.158 -497 -807 -1.245 -94 86 706 652 354 -477 16 1 262 1.736 74 7 -180 -286 -17« 5 35 -467 -539 67 18 2 -96 1.062 -109 -54 -1.653 -274 93 629 -8 -53 -1 . 2 8 3 297 100 12 13 14 930 -362 286 -604 -375 -2 74 1. 1 1 4 414 18 4 441 -204 -291 1.160 404 253 887 - I .592 6C -2.666 1.848 347 1 .549 -1.022 -374 1.192 -455 162 -1.447 -242 -145 530 -135 17 3 -879 457 -464 15 1 .607 83 1 352 219 -99 497 -1 1.210 115 472 50 3 -259 16 17 18 19 797 810 406 404 -18 849 425 424 -94 446 223 223 1 96 23 12 11 -126 27 14 13 244 25 12 1 126 -231 230 11 5 11 5 910 300 150 150 65 50 25 25 -73 545 273 272 88 415 208 207 -98 -161 -81 -80 20 21 22 23 0 487 -7 1.127 0 -159 204 786 0 418 -4 -62 0 -24 27 216 0 82 -12 -169 0 32 < -20 19 1 0 -419 55 363 0 498 -30 7 42 0 -225 81 259 0 6 94 -76 -146 0 508 -1 -4 0 -1.136 200 677 OTHER 2.064 -282 2.346 1.862 -117 1.979 702 -301 1.003 1.658 493 1*165 571 -80 651 1.052 -13 1.065 -292 -415 12 3 733 226 50 7 1.018 10 5 913 922 -30 952 -1.142 -461 -681 1.064 269 795 4 2.893 3.148 879 548 960 720 723 490 1.214 945 551 438 5 6 7 8 9 10 1I 293 -52 566 293 427 0 1.366 589 66 307 1 90 184 0 1.812 12 8 38 87 11 66 0 549 98 -182 1 60 42 11 8 0 31 2 11 8 121 90 61 13 4 0 436 74 28 13* 8: 49 C 346 62 -87 151 53 1 94 0 350 39 -114 189 92 50 0 234 197 71 74 71 93 0 708 65 27 79 47 44 0 683 191 1 75 49 28 0 207 136 -33 79 23 19 0 214 12 13 14 15 2.323 298 699 1.326 -2.001 -17 695 -2.679 1.492 -9 -26 1.527 1.442 147 -54 1.349 933 108 369 456 853 -91 453 491 298 10 8 -99 289 239 17 3 -24 90 -396 12 3 406 -925 -2.032 -112 529 -2.449 166 -162 -68 396 261 1 34 -172 299 16 17 18 2.269 69 2.200 966 5 9 61 891 30 8 61 661 20 641 734 24 710 666 21 64 ! 51 1 17 494 358 7 351 233 4 229 224 2 222 267 0 267 242 -1 243 19 1 60 232 84 67 170 -4 44 -50 268 -51 54 -39 0 0 IS P R E L I M I N A R Y 0 ESTIMATE 0 0 BASED ON N E T I N C R E A S E IN A S S E T S CORPORATE BUSINESS U.S. G O V E R N M E N T SPONSORED CREDIT AGFNCIFS MONETARY AUTHORITY COMMERCIAL BANKS MUTUAL SVGS. BANKS INSURANCE FINANCE N.F.C. RF ST OF TH F W O R L D 12 13 14 15 16 17 18 19 20 21 OPFN MARKET PAPER-TOTAL DIRFCTLY-PLACEO PAPFR-TOTAL L I A B I L I T I E S OF: FINANCE COMPANIES BANK AFFILIATES A S S E T S OF: NONFIN. CORPORATIONS LIFE I N SURANCE COS. COMMERCIAL BANKS DEALER-PLACED PAPFR-TOTAL L I A B I L I T I E S OF : NONFIN. CORPORATIONS FINANCF COMPANIFS BANK AFFILIATFS A S S E T S OF: NONFIN. CORPORATIONS INVESTMENT COMPANIFS COMMERCIAL BANKS BANKERS' ACCEPTANCES-TOTAL L I A B I L I T I E S O F* R E S T O F T HE W O R L D NONFIN. BUSINESS NONCORPORATE CORPORATE A S S E T S OF: A G E NCIES OF FGN.BANKS R E S T OF TH E W O R L D FEDERAL RESERVE COMMERCIAL BANKS 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 TYPES I 2 3 IV/71 1 2 3 4 5 6 7 8 9 10 11 IAPER 2 20 N F T I N C R E A S E IN L I A B I L I T I E S HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUSINFSS CORPORATE BUSINESS STATE AND L OCAL G O V F R N M F N T S SPONSORED CR.AGENCIES BANK AFFILIATES SAVINGS INSTITUTIONS FINANCE N.E.C. R E S T OF T H E W O R L O INCOMPLETE 0 0 INFORMATION. 0 0 0 0 F I N A N C E CO. L O A N S TO B U S I N E S S L I A B I L I T Y - N O N C O R P . R US . COR P . BUS. I 2 3 U.S. GOVT. LOANS L I A B I L I T I E S OF : HOUSEHOLDS FARM BUSINESS N O N F A R M N O N C O R P . BUS. CORPORATE BUSINESS STATE ♦ LOCAL GOVTS. SPONSORED CR.AGENCIES R E S T OF THE W O R L D 4 5 6 7 A 9 10 11 SPONSORED CREDIT AGENCY LOANS N O NFARM NONCORP. BUS.(BC) FARM B U S I N E S S (FICB) S V G S . ♦ L O A N A S S N S . (F H L B ) 12 13 14 15 P O L I C Y L O A N S ( H S H O L O L IAB . ) ASSETS U.S. GOVT. LIFE INSUR. COS. 16 17 18 MUTUAL SVGS. BANKS LOANS NONCORP. BUSINESS TO 19 HYPOTHECATED DEPOSITS (HSHOLDS L I A B . ) 0 ASSET-COMMERCIAL BANKS 20 9 F E B R U A R Y 1972 SECURITY C R E O I T « TRADE CREDIT, AND TAXES SECURITY S E C U R I T Y C R E D I T , T R A D E C R E D I T , AN D T A X E S ( M I L L I O N S OF DO LL AR S) UNADJUSTED YEAR 1970 QUARTERLY TOTALS 1971 CRFDIT, CREDIT, UNADJUSTED 1969 III IV | I 1970 I II III 1 | IV AND TAXES 19 FLOWS 1 1 TRADE PAYABLE QUARTERLY FLOWS 1971 I II III IV S E C U R I T Y ’C R E D I T 1 2 3 4 -643 -1.882 -480 -1.402 2.513 3.033 1 44 2.889 -3.227 -1.390 -100 -1 . 2 9 0 2.411 2 91 -156 447 -2.929 - 1.404 -202 -1.202 -2. 782 -1.078 -260 -818 2.033 239 15 7 82 3 .035 36 1 -175 536 -1.096 402 -75 477 -3 727 32 695 924 826 32 794 2.688 1.078 155 923 N E T C H A N G E IN L I A B I L I T I E S CUSTOMERS SECURITY LOANS FROM BANKS CUSTOMER DEBIT BALANCFS I 2 3 4 5 6 7 8 I. 2 39 1.807 0 -568 -520 -480 0 -40 -1.837 -1.279 0 -558 2. 1 2 0 1.874 0 246 -1.525 -1.127 0 -398 -1.704 -1.229 0 -4 7 ; I. 7 9 4 1.545 0 249 2 .674 2 .618 0 56 -1.498 -2.061 0 563 -730 -336 0 -394 98 472 0 -374 1.610 I .445 0 165 B R O K E R S «• D E A L E R S SECURITY LOANS FROM BANKS F R O M A G . OF F G N . B A N K S CUSTOMER CREDIT BALANCES 5 6 7 8 9 10 1I 12 -643 -483 -85 1.327 2.513 -41 I -336 -3.227 -459 -99 -1.379 2.411 2 79 -33 1.718 -2.929 -332 -66 -1.329 -2.782 -441 -34 -1.48 « 2.033 292 -43 1. 70 2 3,. 0 3 5 -2 58 2,.4 43 -1.096 401 162 -2.136 -3 -302 -92 -304 924 -287 -87 504 2.688 14 7 18 I .600 13 14 15 -1.402 - 1.402 0 2.889 2.889 0 -1.290 -1.290 0 -,47 447 0 - 1.202 -1.202 0 -818 -818 0 82 82 0 536 536 0 477 477 0 695 695 0 7 94 794 0 923 923 0 1 2 3 4 5.520 55 4 260 -1.432 -328 5 88 1. 02 1 -82 9.680 133 -234 1. 5 6 3 1.855 13 4 -294 -4.116 490 13 6 466 -696 2.25 1 137 648 54 5 4.314 140 -202 57 - 1.. 53 5 141 -652 - 1 ..338 -4.090 14 4 346 -1 .1 68 528 14 6 602 3 73 2.995 148 57 1.573 23 9 150 16 -860 5 6 7 8 5.477 507 -578 732 -3.247 5 30 -53 915 8. 2 6 8 11 5 -103 -62 5.578 121 129 303 43 125 -124 540 9 51 126 -275 119 4.320 127 -151 23 163 12 9 -28 50 -4.085 13 0 32 51 1 -496 132 -364 13 5 Q34 133 66 84 400 135 213 185 9 10 11 12 13 7. 1 70 6. 188 -777 399 1 . 3 60 4. 108 5. 4 4 3 -1.580 3 79 -134 7. 3 9 6 6. 744 263 112 277 1.175 906 -133 106 296 4.548 4.449 -168 102 16 5 2.408 2.098 -194 100 404 2.720 2.522 -162 100 260 - 2.,506 - 2.,88 1 -253 97 53 1 2.147 2.651 -436 97 -165 45 875 -860 95 -65 2.969 2.819 -101 94 15 7 -1.053 -902 -183 93 -6 1 14 - 1.650 -4.436 2.284 680 -4.058 -157 1.594 971 - 6. 2 37 483 26 1 .292 427 31 16 173 14 99 32 35 27 510 388 3 15 3 38 36 12 15 1.914 1 .5 22 -115 228 28 183 44 43 -19 -1 . 8 3 6 -952 -13 -435 -9 -234 -4 9 -59 -85 1.319 1.181 -11 112 21 80 -12 25 -77 39 1 80 5 -160 68 19 -99 -98 0 - 144 907 I .230 -323 910 1. 130 •220 1.722 1.525 19 7 -2.945 -2.975 30 I .4 38 1. 510 - 72 I.484 I .343 141 -480 400 192 I. 1 09 -119 -I . 0 9 3 TRAUt PROFIT I 2 3 4 5 6 7 8 9 -2.750 -3.319 20 32 8 16 1 12 65 28 0 I. 78 8 2.556 -299 -27 59 -70 -115 9 -325 85 - 2 15 8 108 12 87 43 23 19 309 348 25 -32 -2 -25 -18 29 -16 840 203 5 398 27 17 3 44 21 -31 -4.527 -3.94 I - * -258 -28 -198 -4 -40 -I ] 10 11 12 -3.621 -2.763 -858 1.699 1.403 296 320 584 -264 1.065 1.237 -172 246 328 -82 -5.684 -5.451 -233 L3 8 71 89 -235 -756 594 PROPRIETORS' EQUITY IN N O N C O R P O R A T E -2.298 -2.577 -1.083 -663 -651 -532 -620 -495 -1.084 -391 -1.235 13 3 4 52 -2.750 -648 -1.929 -189 -894 102 -765 6 -657 21 2 -744 111 -731 1 23 -618 -140 -944 103 -494 -699 -536 88 45 BASED ON INCOMPLETE 13 14 15 N E T C H A N G E IN L I A B I L I T I E S HOUSEHOLDS FARM BUSINESS NONFARM NONCORP. BUSINESS (PAYABLES LESS RECEIVABLES! CORPORATE BUSINESS STATE AND LOCAL GOV E R N M E N T S U.S. G O V E R N M E N T FORFIGN 1 ? 3 4 5 6 7 8 N E T C H A N G E IN A S S E T S CORPORATE BUSINESS U.S. G O V E R N M E N T INSURANCE FOREIGN 9 10 11 12 13 DISCREPANCY 14 (1-9) INFORMATION. TOTAL TAXES PAYABLE NONFINANCIAL CORPORATIONS FFDERAL RESERVE COMMERCIAL BANKS SVG. ♦ L O A N ASSNS. LIFE INSURANCE COMPANIES OTHER INSURANCE COMPANIES FINANCE COMPANIES BROKERS ♦ DEALERS 1 2 3 4 5 6 7 8 9 TO T A L * T A X E S R E C E I V A B L E U. S. G O V E R N M E N T STATE ♦ LOCAL GOVTS. 10 11 12 UNALLOCATED 13 BUSINESS I ESTIMATE FINANCE N.F.C. B R OKERS AND DEALERS AG . OF F G N . B A N K S PAYABLE 2 3 I V / 7 1 IS P R E L I M I N A R Y 9 10 1I 12 LkfcUIT TAXES 1.15 1 N E T C H A N G E IN A S S E T S HOUSEHOLDS FORFIGN COMMERCIAL BANKING TOTAL HOUSEHOLD INVESTMENT NONFARM NONCORPORATE FARM BUSINESS BUSINESS I 2 3 9 F E BRUARY 1972 MISCELLANEOUS I MISCELLANEOUS I MISCELLANEOUS FINANCIAL CLAIMS ( M I L L I O N S OF D O L L A R S ! UNADJUSTED YEAR 1970 QUARTERLY TOTALS 1971 UNADJUSTED FLOWS II QUARTERLY FLOWS 1971 1970 I I II III III 1 2 3 4 5 6 7 8 9 10 11 12 13 8.573 362 3.132 539 2.092 386 -8.354 893 698 1.359 3.683 29 3.754 12.641 338 1 .6 4 8 828 71 42 -246 601 1.073 1.619 4.342 -I .330 3.655 4.391 90 666 77 -106 -166 760 382 638 279 318 668 785 2. 8 1 6 120 437 -267 368 277 2.445 -1.482 -939 395 977 689 -204 5.488 93 1.813 -107 252 63 -303 784 863 197 894 -260 I. 19 9 4.36 • 9 J 777 12 ; 52 6 27 < -986 166 ( 57 ( 925 7 ! 1.81] 769 90 280 250 215 -354 -2.307 -56 745 270 936 I 14 586 -2.047 88 262 274 1.097 401 -4.758 -3 -916 322 92 8 100 158 3.803 87 1.483 317 956 -179 -2.043 1.009 810 165 949 -872 1.121 3.638 85 -315 382 -1.355 -67 1.560 118 34 1 575 1.095 -175 1.39* 7.290 84 1.327 -234 -159 198 3.225 -269 947 361 1.090 -355 1.075 -2.090 82 -847 363 629 90 -2.988 -257 -1.025 518 I .208 72 65 TOTAL LIABILITIES HOUSEHOLDS CORPORATE BUSINESS U.S. G O V ERNMENT S P O N S O R E D CR. A G E N C I E S MONETARY AUTHORITIES COMME R C I A L BANKS BANK AFFILIATES SAVINGS INSTITUTIONS LIFE INSURANCE COMPANIES NONLIFE INSURANCE COMPANIES FINANCF N.E.C. R E S T OF THE W O R L D I 2 3 4 5 6 7 8 9 10 11 12 13 14 I5 16 17 18 19 20 21 22 23 2* 25 26 27 10.882 2.46 3 435 713 3.045 9 52 258 6.614 2 . 9 39 570 -2 25 162 -6.242 -802 10.794 3.204 454 730 9.266 986 -77 4.192 967 -142 -211 151 -8.955 229 3.695 -15 108 175 1.737 -22 109 801 -536 17 3 -186 12 1.067 272 -389 662 106 175 -23 1 15 41 -1.831 10 4 547 206 36 -623 96 6.424 587 104 176 2.033 453 49 4.372 433 191 -165 <►5 -1 . 7 7 6 -78 2.511 61 i 1IC 181 -223 - t 8 c. i .40 : 847 -8 < -i; 3 < -19 i -24 E 3.583 629 10 6 178 514 318 15 1.466 631 13 0 -112 38 -46 -284 -1.636 633 11 5 178 72 1 187 105 -627 1.028 335 64 40 -4.223 -192 3.720 654 110 1 82 3.313 318 -4 7 812 1.665 237 8 37 -3.623 54 1.512 810 111 184 828 130 -33 3.066 -899 -65 -201 39 -2.508 50 7.308 808 10 0 18 2 3.983 394 109 2.858 -292 -23 -32 37 -832 16 -1 . 7 4 6 932 13 3 182 1.142 144 -106 -2.544 49 3 -291 14 38 -1.99 2 10 9 TOTAL ASSETS HOUSEHOLDS FARM BUSINFSS NONFARM NONCORPORATE BUSINE CORPORATF BUSINESS SP O N S O R E D CR. AGEN C I F S U.S. GOVERN M E N T COMMERCIAL BANKS SAVINGS INSTITUTIONS LIFE INSURANCE COMPANIES PRIVATE PFNSION FUNDS S . * L. G O V T . R T R . F U N D S R E S T OF THF W O R L D B A N K S IN T F R R . A N D P O S S . 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 -2.309 1.847 696 3.205 -936 1.85 ; -2.814 -411 83 2. 1 2 6 -18 -344 UNALLOCATED, 28 (A) 29 -6.831 30 535 -6.002 -I . 6 8 5 1 .080 -1.313 323 -1.094 -253 523 -1.433 -72 ; -3.582 323 25C 215 -4.047 -975 -1.359 978 C O M L . BA N K L I A B . TO FGN. B R A N C H E S A S S F T - R F S T OF THE W O R L D -1.574 F G N . BANKS I FINANCF N.E.C. LIAB.) -48 A S S F T - R E S T OF THE W O R L D D E P . AT AG . O F -267 -395 31 32 33 34 -120 -194 23 51 -174 -44 -329 19 9 37 -75 59 53 -184 -215 -16 47 -167 -43 -18 -106 7 ; 17 4 C 1 ! 76 1I -34 99 -101 -179 35 43 -113 -96 -8 1 64 -37 63 -82 -18 35 0 0 0 0 0 ( 0 0 0 0 153 90 2 61 FOREIGN -177 -101 -168 92 POSTAL 0 37 38 39 3. 1 2 6 877 235 1.289 3.852 -401 252 -541 682 15 2 50 -387 -254 1.336 459 270 67 57 -55 150 1.317 10: 49 5 81 -108 216 99 49 34 1 6 70 S A V I N G S D E P O S I T S (U . S . G O V T . L I A R . ) ASSET - HOUSEHOLDS 0 35 991 I .4 41 1 .108 DIRECT 75 92 -16 -319 -158 1 .095 49 -1.313 10 7 11 7 0 25 0 69 0 113 0 65 ( 38 0 90 0 42 0 -1 0 13 0 63 0 42 43 44 45 15 51 129 111 13 70 11 23 2 8 -7 22 4 9 34 22 5 8 80 20 >I 1* 2 i 1 < 2 10 13 13 2 19 8 61 4 14 22 2 6 15 -27 5 2 4 -2 9 1 37 18 7 ESTIMATE BASED ON INCOMPLETE INFORMATION. G O V T . E Q U I T Y IN I B R D , L I A B I L I T Y - R F S T OF THF ETC. WORLD D E P O S I T S AT F H L B < S.+ L . A S S N S . ASSFT) 339 LIABILITY-SPONSORED CR.AGS. -662 306 0 IS P R E L I M I N A R Y EQUITIES FGN. I N V F S T M F N T BY U . S . C O R P . L I A R . - R E S T O F TH F W O R L D D I R E C T I N V E S T M E N T IN U . S . A S S F T - R E S T OF THE W O R L D U. S. 62 40 41 IV/71 30 31 32 33 34 1.228 34 29 C U R R E N C Y E X C E P T O F F I C I A L -L IA B I L I T Y - R E S T OF THE W O R L D ASSETCORPORATE BUSINFSS U.S. GOVT. C OMMERCIAL RANKS (B) 36 NET DFPOSITS E Q U I T I E S IN U . S . G . C R . A G E N C I E S U.S.GOVERNMENT PRIVATE N O N F A R M N O N C O R P . <B C ) FARM BUS. (FICB ♦ F L B ) S V G S .♦ L O A N A S S N S . ( F H L B ) CORPORATF RUS.(FNMA) 36 37 38 39 40 41 42 43 44 45 9 F E B R U A R Y 1972 M I S C E L L A N E O U S II 21 MISCELLANEOUS UNAOJUSTEO YEAR 1970 QUARTERLY TOTALS 19 71 FLOWS I I UNADJUSTED 1969 III 1970 IV II 362 338 90 120 93 QUARTERLY FLOWS 1971 III II III (C) 1 II 21 MISCELLANEOUS FINANCIAL CLAIMS (CONTINUED) ( M I L L I O N S OF D O L L A R S ) 9 1 90 88 87 DE F E R R E D AND 85 84 UNPAID 82 LIFE INSURANCE CLAIMS P R E M I U M S ( L I F E INS. A S S F T ) LIABILITY - HOUSFHOLDS 1 LIFE COMP A N Y R E S E R V E S ( H O U S E H O L D S ASSET) 299 292 LIABILITYLIFE INSURANCF 144 150 ACCIDENT AND HFA L T H 14 R 149 POLICY DIVID E N D ACCUM. 2 3 4 1.049 475 57 4 1.155 565 5 90 243 104 1 39 249 108 141 254 1 12 142 258 1I5 14 : 264 120 14 4 273 128 145 278 132 146 286 139 14 7 5 6 7 8 9 3.683 1.187 698 384 1.414 4. 34 2 I. 192 7 17 38 4 2. 0 4 9 318 303 1 73 100 -258 977 296 171 97 413 894 294 171 96 333 925 29 t I7 ‘ 9 ( 356 936 299 17 6 96 36 5 928 296 176 96 360 949 299 178 96 376 1.095 297 17 8 96 524 1.090 2 98 180 96 5 16 10 -2.309 1.847 696 3.205 -936 -2.814 -411 83 2. 126 -18 -344 11 12 13 14 15 16 I7 18 19 20 21 2? 4.062 2.255 -6 13 I. 152 497 698 31 0 -506 5 I3 386 893 605 I I .388 2.049 7 821 495 I .073 464 35 5 -275 42 601 I. 5 5 4 I .778 514 -67 I 44 256 638 36 345 16 - 166 382 - 1.587 2.152 167 -6 - 26 1 14 9 - 9 39 146 16 6 I 77 277 -1.482 4.511 3.841 I. 3 5 4 -600 493 194 86 3 -57 -7 -37 63 7 84 562 5. 133 1. 3 9 1 10 30 7 -181 810 -113 103 -28 -1 79 I .009 -697 3.675 -299 -3 385 -4 I 341 289 92 -59 -6 7 I18 1 .538 4.841 1 .646 n -234 490 947 69 40 -293 198 -269 1.875 -2 . 261 -689 0 36 3 22 7 -I . 0 2 5 219 120 105 90 -257 -1 . 162 TOTAL LIABILITIES CORPORATF BUSINESS U.S. GOVT. U . S . G O V T . - WI T H O U T L F V F L S S P O N S O R F D CR. A G E NCIES SAVINGS INSTITUTIONS LIFF INSURANCF R A N K S IN T E R R . A N D P O S S . R E S T OF T HE W O R L D MONFTARY AUTHORITIES BANK AFFILIATFS COMMERCIAL BANKS 11 12 13 14 15 16 17 1R 19 20 21 2? 23 24 25 26 -2 . 128 I .843 - 4 . 348 -377 4.202 -118 4.939 6 19 1.267 -1.072 2.988 649 -753 -30 -820 -97 229 -150 656 277 F L O A T S IN C O M l . B A N K S T M N ON I N T E R B A N K D E P O S I T S ON INTERBANK LOANS L E S S - O N M.R. R E S E R V E S 23 24 25 26 27 28 29 30 31 32 33 34 35 36 6.371 -1.185 952 6.563 1 .521 208 -225 162 -802 -823 9.541 4.243 986 3.99 3 1.497 -480 -211 151 229 -867 1.082 805 -22 7 48 - 142 83 -186 12 272 -488 -1.053 12 8 115 -1.878 -80 427 206 36 96 - 103 4.777 426 45 3 4.478 408 98 -165 45 -7 8 -888 ( D) I .208 298 181 96 633 (F ) COMPONENTS OF 1.85J 1.608 674 C 12 ; 111 ( 31; -1 7 ‘ 373 276 16 6 92 < - 1.010 163 0 274 16 -916 49 -115 297 40 1 -3 -993 - 1 .18 f 1.54 ' -3.019 -28 1 -986 44 7 -1 . 14 6 ?8 7 -1 8 3 ? -839 -654 2.701 2. 4 5 0 840 589 1.381 719 420 -242 372 - 1. 95 1 2.523 200 -252 -1 . 3 3 6 1 .156 72 -244 -1.87 , -6 1. 38 » 47 ; -17 1 -l ; 3 * -24 6 17 ; 2.437 -390 318 1.367 612 40 -112 38 -284 848 -599 65 1 187 -670 29 247 64 40 -192 -955 5.050 1 .880 318 748 5 48 150 8 37 54 1.307 I. 54 9 -978 13 0 3.084 44 1 -150 -201 39 50 -866 4.859 2 .478 3 94 2.797 372 -107 -32 37 16 -1.096 -I . 9 1 7 863 14 4 -2 . 6 3 6 136 -373 14 38 109 -212 f*. E . C . " 1 2 3 4 5 6 7 8 87 7.617 -1.523 -2.128 605 89 3 3 86 2.092 10.198 12.174 5 . 756 4.202 1.554 601 42 71 221 1.693 -320 1.267 -1.587 38 2 -166 -106 5.655 4.04 3 3. 7 5 8 -753 4.511 -1 . 4 8 2 277 368 -2.16 7 3.584 79 1 229 562 784 63 252 80 6 2.284 - 2 6 *■ -1.18 1 92 « I6 f 27 t 528 9 10 11 12 13 602 96 5.042 535 -506 855 218 5.961 -I . 6 8 5 355 53 4 104 597 323 34 5 -728 -211 1.372 523 166 743 120 1.091 -253 -7 14 15 16 17 10.210 952 6.614 2. 6 4 4 6. 172 986 4. 192 994 514 -22 801 -265 -727 11 5 -1.831 989 5.25 I 453 4.372 426 18 19 20 2 I 22 23 5. 1 49 569 1.973 -1.368 701 399 6.66 1 -768 I. 7 8 6 -832 478 379 1.267 300 464 499 47 112 63 1 -39 472 -368 65 10 6 1.403 -568 ESTIMATE BASED 24 IV/71 1.333 IS -114 PRELIMINARY 649 637 472 203 463 102 546 ON IN SUMMARY 2.053 753 -1.176 -183 -99 3 -3 401 1.097 2.718 4.842 2.004 2.701 -697 1.009 -I 79 956 2.404 3.45 I 2.919 1.381 I .5 3 8 1 18 -67 - 1.355 1.380 4.060 2.247 372 1.875 -269 198 -159 3.696 -179 -1.414 -252 -1.162 -257 90 629 -239 245 1.49 • 250 -17 * 616 129 1.206 323 -209 -518 -398 1.250 215 -115 7 52 58 1.114 -975 1 03 13 2 209 1.670 -267 92 773 174 1.451 -395 40 -802 -223 1.726 -48 120 1.93 7 -' t 1.403 540 2. 18 7 318 1.466 403 835 187 -627 1.275 3.131 318 812 2.001 2. 1 2 0 130 3.066 - 1.076 2.958 394 2.858 -294 -2.037 144 -2.544 36 3 1.35: -59 t 48 ; -48 t 7? 10 < L .626 396 488 -246 88 too 1 .521 122 53 1 -837 75 97 1 .569 392 487 -235 121 97 1.809 -884 492 -315 150 95 1.871 138 551 -277 84 94 1.412 -414 256 -5 123 93 1 .008 -358 484 -570 1.279 -I . 3 0 7 13 7 INFORMATION. CLAIMS NET ASSETS TOTAL AND (LIAB. 5 6 7 R 9 LIABILITIES - ASSETS) TOTAL ASSFTS CORPORATE RUSINFSS S P O N S O R E D CR. A G F N C I F S COMMERCIAL RANKS SAVINGS INSTITUTIONS LIFE INSURANCE PRIVATE PENSION FUNDS S . * L .G O V T . R T R . F U N D S R A N K S IN T E R R . A N D PO S S . R F S T OF THF W O R L D 10 77 2R 29 30 31 32 33 34 35 36 TABLE -607 996 -874 -986 112 -56 -354 215 INCOMPLETE INSURANCE LIABILITY - OTHFR INSURANCF ASSFTCORPORATF RUSINFSS N O N F A R M N O N C O R P . BU FARM RUSINFSS HOUSFHOLDS UNALLOCATED -377 64 -13 263 171 745 6 -209 - 120 -354 -56 I 12 "SOURCES NONLIFE 2 3 4 MISC. FINAN. LIABILITIES COMMERCIAL RANKS FLOATS UNALLOCATED BANK AFFILIATES M O N E T A R Y AUTH. SPONSORFD AGENCIES ? 3 4 5 6 7 R S V G S+LOAN ASSNS. MUT. SVGS. BA N K S INSURANCE A G E N C I E S OF F G N B A N K S B A N K S IN T ER R . ♦ P O S S . 9 10 11 12 13 -MISC. FINANCIAL ASSETS SPONSORFD AGENCIES COMMERCIAL BANKS PRIVATE NONBANK FINANCE 14 15 16 17 GROSS SAVING TAXES PAYABLE - PHYSICAL INVESTMENT -GOLD £ OFF FGN EXC H A N G E -TREASURY CURRENCY -TRADE CREDIT - D I S C R E P A N C Y T O T A L F O R AL L FINANCIAL SECTORS 18 19 20 ?l 22 23 24 9 F E B R U A R Y 1972 TOTAL CLAIMS TOTAL TOTAL UNADJUSTED YEAR 1970 QUARTERLY TOTALS 1971 I I FINANCIAL ASSETS ( M I L L I O N S OF 22 UNADJUSTED FLOWS 1969 IV III TOTAL I I II FUNDS RAISED ANO III ADVANCED IV I II I IN C R E D I T MARKETS 97.535 12.812 2.614 82.109 21.593 3.235 6.285 38.751 12.245 151.083 25.507 5.384 120.192 39.305 3.804 9.346 49.011 18.726 21.723 3.172 592 17.959 6.671 479 1.881 7.587 1.341 31.608 5.061 790 25.757 11.194 -251 2. 1 4 0 11.600 1.074 13.448 2.336 480 10.632 412 1.133 344 6.828 1.915 22,.178 -6.. 40 0 39 C 28..188 7.,47<5 1 ..623 1.,76 1 13.,9 6 4 3.,3 56 24.213 7.633 567 16.013 4.970 482 1.800 6.477 2.284 37.,696 9.,243 1..1 7 7 27..276 8..732 -3 2.,375 11.,482 4.,690 20.701 1.574 877 18.250 199 1.376 1.349 9.376 5.950 40.804 1.818 1.660 37.326 12.485 1.745 2.896 15.241 4.959 10 11 12 13 14 15 16 13.120 8.686 1.883 1.915 2.444 52 -1.860 8.477 3.644 -17 3.920 706 600 -376 7.822 2.697 1.304 1.416 1. 14 6 3 1.256 9.715 2.889 I. 17 6 2.745 1.212 -20 1.713 6.899 3.633 3 -127 1.115 51 2.224 5., 75 0 1.,582 776 1.,85 < 50 C 1 1.,035 -262 I .973 471 -400 582 -6 -2.882 733 1..498 633 586 247 6 -2,.2 3 7 -728 -441 -683 421 395 237 -657 1.485 313 -798 1.838 -I 1 10 2 41 17 110.655 159.560 29.545 41.323 20.347 23.951 38,. 4 2 9 19.973 42.289 18 19 20 21 22 5.746 10.554 450 -1.442 -3.816 -1.529 -6.887 587 3.076 1 .695 14.309 9.872 -132 2. 75 1 1.818 10.710 3.561 80 1 5. 7 96 552 III (1) 1 2 3 4 5 6 7 8 9 27.,92 8 QUARTFRLY FLOWS 1971 1970 I CLAIMS AND LIABILITIES DOLLARS) 41.446 9.530 1.815 30.101 9.070 760 3.006 12.892 4.373 F U N D S R A I S E D IN C R E D I T M A R K E T S BY 48.132 NONFINANCIAL SECTORS FEDERAL GOVERNMENT 12.585 FOREIGN 1.032 PRIVATE DOMESTIC 34.515 17.551 HOUSEHOLDS FARM BUSINESS -77 N O N F A R M N O N C O R P . RUS. 2.095 C O R P O R A T E N O N E IN. B U S . I 1.502 3.444 STATE + LOCAL GOVTS. 5.49 6 FINANCIAL SECTORS 2.224 S P O N S O R E D CR. A G E N C I E S 1.755 2.017 S A V I N G S AND LOA N ASSNS. 684 780 FINANCE COMPANIES -551 2.212 INVESTMENT COMPANIES 57? -250 61 200 COMMERCIAL BANKS BANK AFFILIATES 16 7 73 E Q U A L S — TOTAL FUNDS R A I S E D AND A D VANCED IN C R E D I T M A R K E T S 43.670 53.628 . N ET A C Q U I S I T I O N S BY: PRIV A T E D OMESTIC 2.558 NONFINANCIAL SFCTORS -545 HOUSEHOLDS 846 NONFARM NONCORP. BUSINESS -9.108 -8.925 -316 -I.000 1.133 -3.099 -4.804 163 8 120 7.387 -106 613 61? 2.351 -2.019 388 -2.372 814 2. 7 4 4 -798 929 22 7 -594 854 444 1.191 986 567 263 12.08 7 9.098 -313 3.029 273 -1 .5 4 ( -2.007 12 3 1.610 -1.272 -5.183 5.835 -174 -8.825 NONFINANCIAL STATE U.S. ♦ LOCAL CORPORA TF BUS. GOVTS. 3.197 3.007 909 550 1.100 129.603 2.770 8 866 48.143 -84 . 1 1.886 2.341 35 -2.485 I. 5 4 9 30.870 3.427 3.047 1 2 .2 0 0 148 5.188 3.525 -1.341 -7.669 2.883 26.58C 2.086 1.959 9.485 1.225 25.619 1.868 2.226 10.922 -2.870 33.363 2.401 2.137 16.473 -2.302 21.502 225 2.284 2.187 -98 37.094 -1 . 135 1.097 17.833 202 25.391 1.314 2. 10 8 7.252 -98 45.616 2.366 3.377 20.871 -90 29 30 31 32 47.742 4.163 11.462 934 6S.908 9.681 29.338 1.738 10.446 398 2.440 413 12.048 581 1.227 253 7.790 766 1.075 -54 I 1.825 1.092 2.67 J 504 13.473 1.092 3. 7 2 6 386 14.654 1.21 3 3.990 98 16.904 3.236 8.006 16 19.097 2.914 7.809 704 14.815 1.674 7.537 637 19.092 1.857 5.986 38 1 33 34 35 36 8.796 3.263 6.641 6.224 11.859 4.831 6. 9 7 6 6.755 2.068 147 1.903 I. 175 1.678 882 1.803 659 2.580 701 1. 5 9 9 1.351 1.96 3 690 1.18 2 2. 1 8 9 2.209 915 1.623 1.439 2.044 95 7 2.237 1.245 3.471 922 1.821 1.671 2.452 1.142 2.072 2.046 2.958 1.3 1 3 1.298 1.429 2.978 1 .454 I .7 R 5 1.609 LIFE INSURANCE COMPANIES OTHER INSURANCE COMPANIES PVT. P F N S I O N FUNDS S.+ L . G O V T . RTR. FUNDS 37 38 3.941 -167 -3.795 -1.348 99 1.305 925 -650 258 64 2.444 515 1.527 418 61 -81 494 -501 1.626 60 C -95 7 -202 200 -399 473 1 .685 258 66 448 53 2.128 17 2 69 454 61 2.011 -780 37 1.674 40 41 1.594 1.620 2.355 428 262 -1.519 -214 38 -628 -313 -790 -316 16 2.441 106 525 -38 8 FINANCF COMPANIES O PEN - E N D INVESTMENT COS. SECURITY BROKERS ♦ DEALERS A G E N C I E S OF F G N . B A N K S B A N K S IN U . S . P O S S E S I O N S 42 10.962 28.479 2.441 -807 1.972 7.308 9.592 5.191 CLAIMS AND 53.628 TOTAL 65 62 2.09 ! THEIR 2.661 RELATION TO 4.234 TOTAL 6.388 FINANCIAL -21 19.973 42.289 43.670 -430 71 -478 64 -628 98 -186 143 -923 114 22 . 8 6 7 18.620 2.402 16.218 4.247 30.511 23.138 13.065 10.073 7.373 17.609 4.363 -12.028 16.391 13.246 29.991 18.989 12.299 6.690 I 1.002 16.977 9.506 1.501 8.005 7.471 34.857 25.533 15.844 9.689 9.324 7. 1 7 5 1.74 « 5.430 5.247 15 7 5.090 6.208 50 1 5.70 7 6.618 218 6.400 7.686 1.876 5.810 5.352 240 5.112 6.078 586 5.492 -2.929 490 840 -651 5.488 -2.78 ; 2.251 -4.527 -53 ; 4.362 2.033 4.314 42 7 -620 769 3.035 -1.535 510 -495 -2.047 -1.096 -4.090 1.914 -1.084 3.803 -3 528 -1.836 -391 3.638 924 2.995 1.319 -1.235 7.290 2.688 239 391 133 -2.090 1.872 382 608 1.544 -745 83 -18 410 -401 -613 461 125 -844 -50 < 171 -265 -224 -22 2.233 1.947 170 -249 433 -68 1.472 212 -232 1.948 -518 62 760 1.782 183 -1.711 56 450 -967 -1.382 404 -I 55 -4 3 1.102 874 -110 590 -248 -4 3.354 2.404 -41 1.244 -159 -94 29.545 41.323 20.347 2 3 -2.541 622 -1.732 490 689 32 -487 1 36 -578 46 3 4 5 6 7 8 64.071 46.881 10.141 36.740 17.190 99.434 58.391 17.616 40.775 41.043 -2.983 -3.213 2.272 -5.485 230 13.312 11.308 11.967 -659 2.004 -4.278 -5.731 -9.740 4.009 1.453 9 10 11 23.441 2.460 20.981 25.734 2.920 22.814 5.109 327 4. 782 4.745 -16 4.761 4.811 57 4.754 12 13 14 15 16 -643 5.520 -2.750 -2.298 8.573 2.513 -328 1.788 -2.577 12.641 -3.227 9.680 85 -1.083 4.391 2.411 1.855 309 -663 2.816 17 18 19 20 21 22 2.843 2.065 -292 82 1 15 2 97 4.249 3.678 436 122 -296 309 1.741 895 454 424 -121 89 27.928 -1.055 2 * 14.971 10.854 4.414 6.440 4.117 23 207.493 301.772 43.979 67.629 23.985 46.97 J 60.862 75.674 43.877 80.892 24 25 26 -73 I. 133 -1.650 -133 1.398 -4.436 7 -2.021 2.284 35 1 1.234 680 -96 -1.754 -4.058 -272 2.198 -157 199 -1.803 1.594 96 2.492 971 -264 -377 -6.237 107 2.881 483 27 28 29 -79 871 -2.309 12 89 1.847 -15 -235 696 71 -756 3.205 0 594 -936 -5 1 1.15 1 1.852 -17 -480 -2.814 -11 -400 -411 -23 19 2 83 -7 1.109 2.126 30 2 0 9 . 6 0 0 302.995 43.263 62.844 30.235 64.183 72.937 50.503 74.193 IV/71 IS P R E L I M I N A R Y ESTIMATE BASED ON 42.245 INCOMPLETE INFORMATION. PV T . N O N B A N K F I N A N C E MUTUAL S VGS. BANKS S V G S . ♦ LOAN ASSOCIATIONS CREDIT UNIONS OF TH E WORLD 21 24 25 26 ?7 2fl 29 30 31 32 33 42 TOTAL CREDIT MARKFT OFBT (FROM P R E C E D I N G TABLE) OTHER DEBT FORMS— FOREIGN EXCHANGE 5 TREASURY CURRENCY 135 38.429 159.560 18 19 ?0 ASSETS 23.951 I 110.655 FINANCIAL INSTITUTIONS SPONSORED CREDIT AGENCIFS FEDERAL RESERVE SYSTEM COMMERCIAL BANKS BANK AFFILIATES REST 17 ?? 90.750 9.880 4.981 29.211 -1.064 - 10 11 12 13 14 15 16 GOVERNMENT 799 23 I 2 3 4 5 6 7 8 9 I 2 3 D E P O S I T S AT F I N A N C I A L INSTS BANKING SYSTEM D EM A N D DEP. ♦ CURRE N C Y TIME ANO SVGS.DEPOSITS SAVINGS INSTITUTIONS INSURANCE ♦ PENSION U.S. G O V E R N M E N T INSURANCE SECTOR RESERVE SECURITY CREDIT TRADE DEBT PROFIT TAXFS PAYABLE NONCORP. PROPRIETORS' MISCELLANEOUS EQ . INTERBANK CLAIMS M E M B E R BK. R E S E R V E S VAULT CASH FEDERAL RESERVE FLOAT M E M B E R BK. B O R R O W I N G A F F . L O A N S TO B A N K S 77.585 99.418 TOTAL DEBT ABOVE D E D U C T — F L O A T S N O T I N C L U D E O IN A S S E T S D E M A N D D E P O S I T S - U . S .G O V T . 159 -135 OTHFR 1.681 -2.787 1.292 TRAOE CREOIT 26 D E D U C T — L I A B I L I T I E S N O T A L L O C A T E D AS A S S E T S TREASURY CURRENCY 30 12 - 1 19 -1.093 TAXES PAYABLE -18 • -344 MISCELLANEOUS 80.294 98.005 TOTALS ALLOCATED AS ASSETS (I) TO SECTORS 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Includes corporate equities. 9 F E B R U A R Y 1972 S A V I N G BY I N D I V I D U A L S SAVING BY INDIVIDUALS 23 AMOUNT UNADJUSTED QUARTERLY YEAK 1970 TOTALS 1971 I I AND C O M P O S I T I O N OF I N D I V I D U A L S ' ( M I L L I O N S OF D O LL A R S ) SAVING (1) UNADJUSTED FLOWS 1969 III IV I I 1970 II QUARTERLY FLOWS 1971 II III III 1 2 3 4 5 6 7 8 9 10 11 74.628 4.819 32.236 8.404 281 -4.194 4.208 -1.482 12.179 2 .4 4 4 -5.032 100.,210 10.. 5 2 7 65 . ,90 2 -8.,257 2.. 4 9 3 - 1 2 . ,3 0 4 -2.. 8 2 7 593 7.. 7 9 7 706 -4.. 7 1 5 20 .279 4. 8 3 6 785 9. 1 4 8 -190 5. 7 8 6 443 632 2.303 1 . 146 -972 16.290 4. 7 9 8 1.163 2.965 14 I .599 1 .501 -555 i . 739 1.212 -2.545 11.409 -4.906 2.184 8. 3 4 5 -227 3.324 2.2 9 7 529 2.883 1.115 - 1.576 I2.392 - 1.059 7.696 -2.49 1 -48 -4.78 8 1 . 2 19 -71 ; 2 .656 50 C -1.317 2 6 . ,7 5 5 4., 1 8 6 10.. 4 5 6 5.. 3 9 2 131 1 ,. 1 6 4 1 .. 3 4 9 - L.. 4 2 4 3.. 5 2 4 5 82 66 24.072 6.598 11.900 -2.842 425 -3.894 -657 126 3.116 247 -2.205 18.. 2 4 1 -4 . , 3 0 4 23.. 8 2 1 -9. . 3 9 5 480 -5.. 7 8 5 -4.. 0 9 5 -2 2,. 2 5 4 395 -2,. 6 4 2 21.560 1.810 15.902 -4.691 676 -4.633 -694 -745 2.480 -11 - 1.764 31.628 5 .586 12.606 6.978 612 -91 92 1 2. 5 3 6 2.382 -250 8 68 2R.781 7.435 13.571 -1.149 725 -1.795 1.041 -1.196 681 572 -1.177 12 13 14 15 16 4.805 3.050 6.572 9 . 0 14 5.728 4.. 8 7 1 4 ,. 1 9 3 6,. 7 1 1 9,. 9 5 9 6,. 3 0 4 1.223 729 1 . 642 1.515 401 1.208 742 2.112 683 2.619 I .205 750 1. 5 0 8 1. 3 4 8 975 1.20! 7 57 I .09 « 4.11* 1.071 1 .. 2 0 2 766 1,. 7 0 0 1 .579 1 ,. 4 74 I . 193 777 2.265 1.973 2. 2 0 8 1 .. 2 0 2 1.. 4 7 5 2,. 0 1 5 I,. 9 2 6 I ,. 5 0 1 I . 195 850 1 .546 4. 0 9 5 853 1.24 1 1 .050 1.376 1 .685 1 . 106 1.233 818 1.774 2.2^3 2.844 . INCR. CURR. IN F I N A N C I A L A S S E T S AND DEMAND DEPOSITS SAVINGS ACCOUNTS SFCURITIES U.S. SAVINGS BONDS O T H E R U.S. T R E A S U R Y SFC. U.S.G AGENCY SFCURITIFS STATE * LOCAL OBLIGATIONS CORP. AND FOREIGN BONDS IN V E S T M E N T CO. SHARES OTHFR C ORPORATE STOCK I 2 3 4 5 6 7 8 9 10 11 P V T. L I F E INS. R E S E R V E S PVT. I N S U R E D PEN. R F S F R V F S PVT. NON INSUR FD PEN. RFS. GOVT. INS. * PEN. R F S F R V F S MISC. FINANCIAL ASSFTS 12 13 14 15 16 I 7 1 37.. 7 6 1 18., 9 3 3 18 19 3 0.. 0 0 4 FH., 6 2 4 20 200 2 1 162.,124 2 4 . ,7 1 6 35., 5 3 9 1 0 0 . .44 1 1., 4 2 6 3 4 ., 6 1 7 5., 5 6 7 7., 3 0 8 2 1 ., 4 9 2 250 38., 16 3 5. 7 2 9 7., 1 7 1 25.,573 •310 3 1 ., 7 7 3 4 .,9 1 4 6., 7 8 3 19.. 5 9 6 480 35.51C 3.942 8.03 : 2 3. 2 7 ( 259 3 3 . ,6 7 0 4 .,4 6 R 7., 7 4 3 2 1 ., 4 9 0 -31 36.808 5.609 7 .445 24.262 -508 35.. 0 8 0 5.. 2 6 7 7.. 3 5 1 21 .. 3 6 6 1 .. 0 9 6 40.,026 5., 0 5 9 9., 2 8 2 25.,417 268 40.971 4 6 . 0 4 7 G R O S S I N V . IN T A N G I B L E 6.4057.985 NONFARM HOMF S 9.6859.221 NONCORP BUS.CONSTR * 24. 7 792 8. 8 8 1 CONSUMFR DURABLFS 102-4 0 INVFNTORIFS FOUIP. 17 18 19 20 21 22 2 3 24 25 Ill,.971 9,, 2 1 / 22. . 4 8 3 HO,. 2 5 1 1 1 7 , .2 9 4 9., 7 4 3 23., 9 5 9 8 1,. 5 9 2 2 6 .. 4 6 1 2., 2 2 1 5.. 4 0 3 18..8 37 2 6 ., 9 2 8 2., 2 5 5 5., 5 0 6 19., 1 6 7 ? 7.. 3 9 0 2 ., 2 7 H 5., 5 6 2 19.. 5 5 0 2 7 . rt 8 ', 2.29 < 5.600 19 . 9 8 J 28., 2 3 9 2 .. 3 1 9 5 ..6 18 20.. 2 8 2 28.455 2.341 5.683 20.43 1 28,. 8 3 5 2 ,. 4 0 8 5,.8 18 20,. 6 0 9 29..1 42 2.. 4 1 3 5.. 9 1 1 20..8 1 8 29.459 2 9 . 8 S R C A P I T A L C O N S U M P . ALL O W A N C F S 2.4522. 470 NONFARM HOMFS 6.0266.204 N O N C O R P .B US . P L A N T * FOUIP. 20.9R121.184 C D N S U M F R niJRABLES 2? 23 24 25 26 27 28 29 30 25.. 7 9 0 9 .696 7,. 5 2 1 8 ,373 2 00 4 4 ,. 8 3 0 14,. 9 7 1 1 1 ,. 5 8 0 16,. 8 5 1 1 .426 , 8,. 1 5 6 3.. 3 4 6 1 ,. 9 0 5 2.. 6 5 5 250 1 1., 2 3 5 3..4 7 4 1 ., 6 6 5 6.. 4 0 6 -3 10 4 ,. 3 8 3 2,. 6 3 6 1,. 2 2 1 46 480 7.62 2 1.64 : 2.433 3.286 25S 5.. 4 3 1 2.. 1 4 9 2,. 1 0 5 1 .. 2 0 8 -31 8.353 3.268 1 . 762 3.83 1 -508 6 ,. 2 4 5 2.. 8 5 9 1 ,. 5 3 3 757 1 ,. 0 9 6 10. . 8 8 4 2 .. 6 4 6 3.. 3 7 1 4.. 5 9 9 268 11.512 1 6 . 1 8 9 N ET INV. IN T A N G I B L E 1 . 9 5 3S . 5 1 5 NONFARM HOMFS 1 .65 93.01 7 NONCORP BUS.CONSTR.* 1 .79ft 7 . 6 9 7 CONSUMER DURABLES 10?-4 0 INVENTORIES 26 ?7 28 29 30 3 I 32 11 34 15 36 37 28.974 12.496 8.027 4.133 -1.881 2 . 269 3.732 57.267 22.852 1 1 .586 10.415 2.94 7 966 8.48 1 9. 2 9 2 3.824 2.035 2.0 L 3 - t.291 89 1 1.820 9.237 4. 2 6 5 1.304 4.46 1 3 10 6b 1 - 1.764 542 3.005 1.032 -2.771 -I . 3 4 6 734 - 1 I2 11.249 2.54C 2.127 2.84 * -1.040 66 < .1 1 . 7.555 3. 1 70 2 .640 1 . 365 2 18 5 It - 349 9.628 3.78 1 2.228 2. 8 9 5 285 358 R1 2.700 3.583 1.853 -3.198 367 233 -118 38 39 40 7 1 .,4 4 4 9., 0 1 4 8., 3 7 3 87..77 3 9.. 9 5 9 16.. 8 5 1 19.. 1 4 3 1 ..5 15 2.. 6 5 5 1 8.. 2 8 8 68 1 6.,4 0 6 15., 2 5 0 1., 3 4 8 46 8. 7 6 6 4.11' 3.288 2 4 .. 6 3 1 1 .. 5 7^ 1 ,. 2 0 8 22.797 1.973 3.831 21 .. 7 8 6 1 ,. 9 2 6 757 I3.37 I 4. 0 9 5 4. 5 9 9 27.636 1.685 3.798 4 1 42 43 44 45 92 1 -4 5 1.. 1 3 8 5 4 .. 0 5 6 -9 18 8 48 13 6C . . 1 02 6 0 ,. 3 5 1 -249 268 -5 1 4 ,.7 1 0 13.. 0 5 3 L .. 6 5 7 759 - 11 10.. 4 5 1 13.. 0 5 4 -2.. 6 0 3 646 -R 1 3.. 2 1 8 13..20 1 17 6 t - i 1 . 30C 8.23 . -6.93 2 41 2 2 L .. 8 0 1 16,. 8 6 3 4,. 9 3 8 170 4 16.819 15.760 1.059 265 4 18,. 8 3 4 17,. 3 1 0 1 ,. 5 2 4 33 3 4.641 10.109 -5.468 89 3 22.061 17.389 4.672 , (I )C O M B 1 N E D IV/71 IS PRELIMINARY ESTIMATE BASED CN INCOMPLETE STATEMENT INFORMATION. FOR 19.073 5.380 2.965 3.784 741 224 S . 979 ASSFTS ASSFTS FQIJfP 15.S04lQ.oqn INCREASE IN D F R T 6.087 7.802 MTG. DEBT ON N O N F A R M H OM FS 3.851 2.917 N O N C O R P BUS. MTG. DEBT 3.302 6.547 CONSUMER CREDIT 806 1.033 SECURITY CREDIT 267 242 POLICY LOANS 1.191 1.449 OTHFR DEBT HOUSEHOLDS, FARM, 2 4 . 9 8 0 I N D I V I D U A L S A V I N G ( 1 ♦2 6 - 3 I > 2. 253 LES S- G O V T . I N S * PEN RF SF RVFS 7.697 N F T INV. IN C O N S . D U R CAPITAL GAINS DIVIDENDS 461 P R O M INV EST. COS. 1 N F T S VG. BY F A R M C O R P S . 14.566 EQUALS PERS SAVING, F/F BASIS 1 5. 5 4 3 P E R S O N A L S A V I N G , N 1 A B A S I S -977 DIFFERENCE (43-44) AND NONFARM NONCORPORATE BUSINESS 31 3? 33 34 35 ^6 37 38 39 40 41 42 43 44 45
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